Bitcoin Is All Over CNBC \ stacker news ~bitcoin

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877 sats \ 23 comments \ @siggy47 14h bitcoin

Years ago I used to watch CNBC every morning. Now I only occasionally catch clips, usually Joe Kernan bitcoin positive stuff.

This morning a house guest was watching it on tv, so I was half paying attention. The first thing I saw was an advertisement for BMAX, an ETF investing only in convertible bonds of bitcoin companies. That struck me as weird. I'm not used to bitcoin being mentioned in ads.

Next I saw an interview with the CEO of Affirm, a buy now, pay later finance company. Surprisingly, Andrew Ross Sorkin asked him how bitcoin might affect the future of his business???!!!!

The CEO responded by saying "well, bitcoin has proven itself to be a fantastic store of value"!

What the hell is going on? The company really has nothing to do with bitcoin. I don't know if this is just temporary bitcoin attention due to the fiat price surge, but it seemed strange and a little unnerving.

CNBC is mainstream business TV. I guess ETFs and Saylor, and now Jack Mallers have fully corporatized bitcoin. The ticker at the bottom of the screen frequently scrolled the bitcoin price. I heard not a word of FUD. No one mentioned self custody either 😀

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601 sats \ 7 replies \ @justin_shocknet 12h

I skim their YouTube every evening and find Bitcoin is regularly one of the most common topics for years at this point, presumably because it drive clicks/views (and game theory). It's right up there with Tesla FUD, Fed speculation, and Mag7 circle jerks...

But... I did catch something particularly interesting yesterday. One of the more insufferable regulars, that could probably never appreciate Bitcoin for what it is, had what I'd consider a capitulatory tone in calling the goings on a flywheel, benefiting everybody, and a money machine

The game theory is playing out perfectly.

17 sats \ 3 replies \ @BlokchainB 11h

Mag 7 circle jerks 🤣

83 sats \ 2 replies \ @justin_shocknet 11h

AAPL gonna ship some emoji's next quarter nothing stops this train!

17 sats \ 1 reply \ @BlokchainB 10h

And a phone with a bigger screen and better camera!

0 sats \ 0 replies \ @realBitcoinDog 19m

And this phone REALLY proves I’m against capitalism!!

17 sats \ 2 replies \ @kepford 11h

The game theory is playing out perfectly.

This is where I land. Some mistake it for cheerleading. I'm not a fan or supporter of what many people do... but they are gonna do it. Human nature is a thing. Greed, fear, and sociopaths don't stop existing because we have bitcoin.

7 sats \ 1 reply \ @justin_shocknet 11h

Greed, fear, and sociopaths don't stop existing because we have bitcoin.

Yep, and to take it even a step further, those reasons are why Bitcoin had to be created in the first place.

17 sats \ 0 replies \ @kepford 11h

Indeed. Systems that require good moral people to work are failed from the start. A system, a money needs to account for human nature with all of its flaws.

244 sats \ 2 replies \ @grayruby 13h

We are reentering the hype phase.

40 sats \ 0 replies \ @kepford 11h

This is what I'm wondering. Are we? And if we aren't yet at what price do we really enter again?

Maybe this time its different. Maybe this time people don't buy bitcoin on exchanges as they have in the past. Maybe its more ETFs and other proxies. Personally I haven't heard anything from normies yet. But its early in this spike.

20 sats \ 0 replies \ @BlokchainB 11h

Yup

36 sats \ 0 replies \ @crrdlx 5h

I'm way biased, but seriously though...

Would you rather talk and watch about the future of the most revolutionary economic development, technology and asset in 500 years, or whether XYZ Corp. is gonna meet earnings this quarter?

36 sats \ 2 replies \ @quark 9h

Normally one just have to invest in the opposite side of whatever they say on TV. This is very important. So does it mean we now have to sell Bitcoin then? Argh... Noooooooo

0 sats \ 0 replies \ @SimpleStacker 8h

Don't sell for fiat. Instead, why not buy some things directly with bitcoin?

0 sats \ 0 replies \ @siggy47 OP 8h

Exactly what I was thinking. Contrarian indicator

36 sats \ 0 replies \ @TNStacker 9h

Joe Kernan is BASED!

99 sats \ 1 reply \ @zapsammy 13h

corporate overlords are singing "i love bitcoin, buy my shitcoin!" bitcoin-backed securities is the last cull-de-sac before the goldmine

0 sats \ 0 replies \ @TNStacker 9h

☝🏾

41 sats \ 0 replies \ @stack_harder 13h

maybe becuase it hit 100k again. still, I'd rather listen to people simping for BTC ETFs than a panel of people that don't understand it talking rubbish and saying it's internet drug money etc

36 sats \ 0 replies \ @flat24 12h

"The lamp is 🏮 on to attract insects"

I see it.

Until recently, all these media only lived to criticize and belittle Bitcoin. Today we see a change of narrative and trend.

"But you can against your enemy, join"

The traditional finance system knows that the orange wave cannot stop. So they seek to participate the rest.

44 sats \ 1 reply \ @Aardvark 13h

I think you can only keep your head in the sand for so long before you have to accept that bitcoin isn't going anywhere. I imagine over the next 5 years or so its just going to become more and more mainstream.

0 sats \ 0 replies \ @Solomonsatoshi 8h

At current rates within 5 years most of all BNitcoin will be held by institutional custodians who never use it as a P2P payments protocol. At that point or perhaps before then it could be argued where is the need for self custody? It only enables money laundering. So a ban on self custody is imposed-

'You can still own Bitcoin, via one of our trusted corporate custodians' they will say.

Already how many Bitcoin holders ever use Bitcoin as a P2p MoE? And if they do are they complying with their tax recording and reporting obligations? Very few if any are. Bitcoin has already been effectively outlawed for practical use as a P2P payments protocol and yet most 'Bitcojners' didn't even notice.

Sly capture and control done by the banker cartel and nobody even noticed...

0 sats \ 0 replies \ @kurszusz 6h

CNBC is good, but I find it a bit biased...plus (I think) it only shows "one side of the coin"