Hey, guys.
Welcome to BitBoy Crypto!
My name is Ben.
Tonight, I want to talk to you guys about what is going on with Gary Gensler and regulation.
So, if you guys know,
we, of course, have a bill that we were pushing through.
It's dead on arrival at this point,
but it was to create a digital asset commission.
We want it to have seven members.
We want it to have three people from the crypto space,
two lawyers and two members of the CFTC.
That's what we're trying to do.
Well, now, they're reintroducing a crypto bill from Lummis and Gillibrand,
Kirsten Gillibrand and Cynthia Lummis,
that was introduced in 2022.
And this was not the Stabenow bill.
It was a little bit different.
And its whole point is to put through regulations for, you know, CFTC and SEC, who manages what.
So it's going to be very interesting to see what happens in this occurrence
when they put this out.
Is it going to be good?
Is it going to be bad?
I just don't know.
And, you know, I've been told that
Kirsten Gillibrand and Cynthia Lummis are both good actors in the space.
So I think they mean well.
I know someone that has talked to Kirsten Gillibrand personally
and says that she has, you know, some good intentions.
Now, of course, when the bill comes out,
we're not going to know exactly what from that bill is going to stay,
which one, what's going to stick and then what's going to go ahead and be changed
because these things obviously get changed a lot after they are introduced.
Now,
Patrick McHenry, who is the speaker of the House for the Senate,
or is he in Congress?
I, you know what?
I forget who these people are.
But he's very important.
He is going to introduce this bill.
And I think it's important that it's coming from the House Republican side.
He said, within two months, we're going to have crypto regulations.
That's phenomenal.
Now, how does this tie in to this famous "Sell in May, walk away"?
That a lot of people are talking about.
Crypto Face is talking about it.
Gareth Soloway is talking about it.
And what I'll tell you is, if you take the 4-year cycle,
it's actually 3 years in 10 months,
so the 2016 halving was in July,
the 2020 halving was in May,
now, the 2024 halving should be in March.
So, basically, what you're doing is you're moving the cycle two months every four years,
approximately.
So, if that's true, then in 2019,
which will be the 4-year equivalent to where we're at now,
in May, we started pumping all the way up to $14,000,
and at the end of June,
or maybe it was beginning July when it topped out,
it's very close in that range,
and basically,
what happened is then we got a gigantic crash.
There's all kinds of reasons for this.
A lot of people thought it was the Plus Token Ponzi scheme
and the OneCoin Ponzi scheme.
They may have actually affected what was going on in the market at that time.
Some people just say it was, you know, your yearly Bitcoin pump for the Bitcoin Conference
because that was going on when it hit the top.
We rode the Crypto BitBus from LA to San Francisco.
It's fun that you're--
it used to be in San Francisco for you newbies.
But it was a lot of fun.
I had a great time.
But the price was pumping, and then it came all the way back.
I certainly think there is a scenario where these people are right
where we're going to go up through May because it's two months, right?
Topped end of June, July last time.
This time, we'll top out in May.
Kind of make sense, right?
And so, if that's the case,
then I really believe we can go down and touch $23,300,
bounce off of that and then go back up.
People are going to be freaking out if that happens.
But just know that's what the cycle does.
That's what it's done.
Every cycle is a big move like that.
The one thing that didn't happen before was the gigantic pandemic crash that we saw.
That was new.
That was something fresh.
But, you know, the point is, is that--
let's talk about Gary Gensler for just a moment.
Gary Gensler has been totally exposed.
My guy zk-shark over on Twitter,
with the help of Brian Armstrong,
he's been exposing moment after moment of Gary Gensler double speaking,
saying--
I can't remember what the year was,
I think it was 2016, maybe?
I'm not 100% Sure.
Maybe it's 2018.
Saying that the SEC had already decided
that three quarters of all ICOs in the crypto space were not security.
So, what that means is,
now that he's in charge,
he's usurping the power, and everybody sees it.
So we're going to be covering on a video this week a lot of those clips from Gary Gensler
talking out of his gensler, if you will.
And we're also going to be doing an Elizabeth Warren exposé video.
So buckle up and get ready for that.
I'll be back in the studio for a week.
Then I'm going to be gone for a week.
Then we're in Bitcoin Miami.
We're going to be live streaming live from down there.
And then I'm going to be home probably until the end of June.
So we'll be--
after I get home,
things will be that crazy.
I will be in the studio this week.
Excited to see you, guys.
We're going to manage the travel schedule better.
I can't be away from you guys this long.
That's all I got.
Be blessed.
BitBoy out.