Welcome back to the channel everyone today, i'm going to talk about whether you should buy bitcoin at its new all-time high of 66k per coin, and i've also got a big surprise for amc as well. So stay tuned and let's make some money. But before i dive into the video, if you haven't already be sure to sum up with moomoo, not only can you get a free stock worth up to 350 dollars, but you can also get a second free stock with a guaranteed value of 57. On top of that, moomoo has free real-time level, 2 market data.

They also have advanced charting tools and 24 7 real-time, up-to-date financial news, so that you don't miss any important announcements linked in the description below and now i want to dive straight in with the key information, so peter thiel says bitcoin at sixty thousand dollars. A coin is a sure sign. The decrepit political system is about to implode. Phil reportedly said that bitcoin's price underscored his view.

The us politics is unsustainable. Peter feels that the us political system is not sustainable and the skyrocketing price of the decentralized cryptocurrency bitcoin underscores that point. He said i don't know whether you should put all of your money into bitcoin at sixty thousand dollars a coin right now, but surely the fact that it's sixty thousand dollars is an extremely hopeful sign. It's the canary in the coal mine, it's the most honest market.

We have in the country - and it's telling us that this decrepit regime is about to blow up, and this was just before. Bitcoin broke the previous all-time high around 64 65 000. Just as the pro shares bitcoin strategy etf was released, which, by the way, if you didn't already know, is the first bitcoin futures exchange traded fund. So i guess the big question is: should you buy bitcoin right now at 66, 67.

000 per coin? Well, i think this reddit post explains it perfectly. Bitcoin is an emerging technology network and asset class. That is only 13 years old. It is growing across all metrics, at a rate faster than the internet itself.

Back in the 90s, the amount of capital and brain power pouring into all facets of bitcoin, as in the tech, the assets, the network and also the related fields like nfts and many more is unprecedented. People accumulated massive amounts of capital over the years because of bitcoin and they're now deploying that capital to make bitcoin even more secure, even easier to use even easier to access and even easier to integrate and the amount of people who accumulated that massive amount of capital Is also increasing rapidly creating that positive feedback loop bitcoin at a one trillion dollar market capitalization is still too small in financial markets today, but that is changing rapidly. The total addressable market for bitcoin's use case is at least 10 trillion dollars or equal to the market. Capitalization of gold being a store in value, and then that use case market cap will increase by an order of magnitude once bitcoin eats into bonds, real estate, art and just basically every other store of value as well.

Bitcoin has no rulers only rules, it has no central point of failure and has time as its ally. Every single block produced by the network gives new information to the market and ossifies bitcoin's position as a long-term store of value that is free from human interference and political manipulation, and this is exactly what peter thiel is getting at in that previous article, because he said That us politics is so unsustainable because there's so much manipulation that goes on in the stock market. The demand for such a monetary network asset and technology is increasing exponentially, as people see no end to fear debasement. Bitcoin is here to stay, and it's not going away.

Holding bitcoin was once a risky proposition today. Not holding bitcoin is the riskier proposition now also amc's. Ceo, adam aaron has a massive surprise waiting for his investors, but he hasn't yet said what it is, although he did hint at it. Amc's shareholder base, largely consisting of individual investors, is evidence of the democratization of wall street according to ceo, adam aaron, who also just confirmed today that there is still over 4 million individual shareholders of amc.

It's the individual investor who now owns amc and i work for them. Aaron said on tuesday on cnbc's power. Lunch investors should not be paying attention to what amc entertainment was as a business in the past; rather they should be looking to the future. You don't drive a car by looking out of the rear view, mirror you drive a car by looking through the windshield and looking forward adam aaron said we have absolutely no intention of just bringing back the company that existed back in 2019..

He told cnbc. He plans to use the money to transform amc and noted that the company has several big ideas and he said i think, we're just weeks away from announcing a new business line for our company. That is not running movie theaters, as you traditionally know them. This could be to do with the ongoing negotiations with gamestop's ryan cohen, maybe they're going to form some kind of partnership and allow you to play games inside movie theaters.

I think this would make sense and is their next logical step after now, showing major sports like professional football in their theaters as well. Now i also wanted to talk about the ongoing petition. That's going around for amc, but first i wanted to give a little bit more detail behind the petition. Obviously, you know that citadel is taking the sec to court on the 25th of october, but one of the main points they're going to try and fight is that the reason they're doing so is to protect millions of retail investors, which is obviously rubbish.

Citadel securities. The well-known market maker in the robin hood gamestop drama is heading towards a collision with the sec on october 25th. Both parties have a court date to settle a dispute over changes. The sec has introduced surrounding high frequency trading and d limit orders, as we've previously covered.

The pathway between an executed and a settled trade can be treacherous. That's why the sec allows fast agents like computer share to bring in extra reliability as a market maker. Citadel securities plays a key role between traders and brokers. Send this with liquidity providers.

Market makers ensure that assets can be exchanged without much friction or delay in practice, that means citadel securities receives orders and sells them for a bit more or a lot more than it's willing to buy them for the delimit order interferes with that business model. A d limit order could be a displayed or non-displayed limit order, that upon entry and when posting to the iax's order book is priced to be equal and ranked at the order's limit price simply put if the price of an asset changes unfavorably after traders give out The order constituting latency the delimit order would protect them from that shift, so, basically, instead of pacing an order when the price is 35 and you get filled at 36 or 37 dollars, it effectively. Caps. The limit in which you'll be filled at market makers engage in high frequency trading commonly buying and selling orders instantaneously, preventing other market parties from adjusting their orders.

So the high frequency traders always get the price they pay, but obviously we rarely get the price we pay. In short, the d limit order is an ai algorithm that prevents arbitrage players like citadel securities from picking off lit orders. A lit order is an ask or bid order held in the processing system until the specific price is triggered or touched, because they're no longer available to be plucked indiscriminately. The delimit order widens the competitive space between market makers.

Obviously citadel are going to argue. This is bad for retail investors and they're, also, probably going to include something about how payment for order flow is really good for retail investors as well. They'll, probably try and say something like with the d limit orders. It will reduce efficiency in the markets and make trades more difficult to execute, which is rubbish really they're, just trying to protect their own profit margins.

Now. Obviously, because we know that the citadel are trying to argue that dealing with orders are bad and that payment for order flow is good and that's supposedly supported by retail investors. Therefore, we need to sign the petition to show that we don't want payment for order flow and that we do want the limit orders. This petition is on the normal change.org petition website and therefore you obviously don't need to enter any weird or wacky personal details or credit card details, as always i'll leave the link to this post down in the description below in yesterday's video, i kind of detailed why The sec might not necessarily have been able to go into the detail they wanted to in the gamestop report and expose the things they know to be true, but i think this reddit post does a really good job of summarizing it.

The sec report was never going to be what we wanted it to be, but that doesn't mean the filings. We're waiting on aren't going to probably speed up the mother of all short squeezes at the end of the day, gary gensler isn't on our side, but he's also not necessarily on the side of the short hedge funds he's on the side of the big money. Like the rest of our government, the real big money who don't want the economy to collapse because of a short squeeze or for any other reason it could be at any time everything we've seen come from the sec suggests they're setting safety nets in place for the Mother of all short squeezes or just the market crash and then covering their asses afterwards, when criticism comes their way about allowing it to get this messed up, we already recognized the problem and we've put safety solutions in place, so there's no need to worry so until They're ready they're going to look the other way at market manipulation coming from short hedge funds, to keep this price down and delay the squeeze. Yes, it's annoying, and yes, it's unfair, but remember also we're going to become very rich because of all this unfairness and the system is broken and once these fixes are in place, that won't be able to happen again because once their safety nets are in place.

What reason would they have for letting this manipulation continue the longer this goes on the more margin debt, the more risk, which means the harder it will be to use these safety nets to protect the economy, because at the end of the day, the longer they let. This manipulation continue the more money that blackrock and vanguard lose on their investments, which are the bigger investment funds and also the longer. This goes on the less money. Hedge funds will have to cover their shorts and synthetics, which means more money.

The dtcc will have to pay out to cover the squeeze. Interestingly enough, it also looks like mainstream media is starting to change their view on robin hood, robin hood review 2021, an investing app to avoid from time magazine the article talks about the large fines received by robert hood, such as the 65 million dollar fine in 2020, And the 70 million dollar fine in june of 2021.. He also touches on some key cons. Being no retirement or tax savings accounts, it gamify's, investing and trading.

It lacks educational resources, it lacks some diversified, investing products and, most importantly, they sell their order flow to corrupt market makers. And, finally, i wanted to give a wider market update in today's china developer. News cynic has technically defaulted. According to s p, cajun management cancels creditor meetings this week and evergrande's 30-day grace period could end as soon as saturday, but, interestingly, china's high yield debt rates are spiking massively to highs of 20.

This is obviously reflecting the new risk in high-yield debt, but, interestingly, makes it more appealing for funds and institutions to invest or provide high yield, guys be sure to. Let me know down in the comments below what you think about buying bitcoin at sixty six thousand dollars. A coin and also what you think about the amc petition and also, if you haven't already be sure, to sign up with moomoo to get those free shares, because, at the end of the day, everybody likes free money and as always guys. If you enjoyed this video be sure to check out some of my others, alternatively, subscribe to the channel and ding that notification bell, because that way, you'll be alerted.

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