The Bitcoin Bubble Is Bursting – Here’s What You Need to Know

What’s going on?

Bitcoin and other major cryptocurrencies, including Ethereum, Litecoin and Ripple, are crashing hard in market value. “The wheels are coming off the bitcoin bandwagon,” one analyst told Business Insider.

The market comprising all major cryptocurrencies dropped from around $500 billion to about $375 billion in just one day.

Ouch …

Bitcoin has been declining in value for the past monthand remains a volatile investment. Experts have been debating for a while whether digital currencies and their rising value are the future or just another bubble. Bitcoin peaked at a $19,783 value on Dec. 17.

Glenn’s take:

Cryptocurrencies make central banks nervous because they can’t be manipulated, which is why governments worldwide are making moves to regulate digital currency. Bitcoin may be failing now, but don’t count out digital currency for the future.

“It’s not just currency,” Glenn said on today’s show. “The governments of the world will try and fight it, but I believe and hope that they will fail.”

This article provided courtesy of TheBlaze.

GLENN: So is this the beginning of the great crypto crash of 2018? I wouldn't say it was the beginning. I'm hoping that this is the end. I said over the holiday, I believe that crypto currency, bitcoin in particular would crash to about 8,000, and then it would regain its sea legs and it would start to stand up again. I would said that it would crash because of government interference and governmental scaremongering. And the governments around the world would realize, uh-oh, I'm no longer in charge, we've got to do something. In the end, I believe the government of the central banks around the world lose.

But let's talk about this for a second. The high value crypto currency's double-digit percentage losses in the last 24 hours. Bitcoin has lost $2,000 since yesterday. That's a total market value of $120 billion.

If you were one of the crazy people that took a loan out to buy this tulip, you're regretting it today.

So what's going on? Future traders are beginning to get worried about Asia launching a massive regulatory crackdown. And it's starting in Asia. But governments all over the world are looking to not only just regulate, but possibly even launch their own state crypto currency.

Can I ask you a question? Why has the United States not come out and said, we're going to launch our own cryptocurrency? The dollar is now going to be the US bit dollar.

And use the same technology. And the full faith and credit. Now, I know that that takes a lot of things out of the -- the cryptocurrency world that we like. But I'm just trying to think like them for a second. Are we this stupid? The answer is, no. We're that old and out of touch.

South Korea and Russia have been the two recent countries to mention plans now to regulate cryptocurrency.

We knew it was coming. The question now is whether cryptos like bitcoin will be able to endure the bloodbath and recover.

As Chancellor Palpatine said to Anakin, all those who gain power are afraid to lose it. It's not just losing the power, but the fear of who or what will replace the power, at the fed and central banks.

Look at -- look at what cryptocurrency provides. It cannot be hacked. You'll never wake up and find that somebody stole your identity and emptied your bank account. It's the ultimate reason governments hate it. Cryptos are not subject to a central bank, so they cannot be manipulated.

Those are the reasons that cryptocurrency, ultimately, I believe, will not only survive, but rebound with a vengeance. The block chain technology, the powers crypto is going to revolutionize is pretty staggering. It's not just currency. The governments of the world will try and fight it.

But I believe -- I hope that they will fail.

I think they will because we're standing in the doorway of a technological revolution. I want you to hear that. A technological revolution.

It's nothing short of that. The next ten years are going to be a very bumpy ride for people who have ridden this system for a long time, up at the top. It's also going to be very bumpy for the rest of us. And bitcoin is only a small part of it. The transition period that we're going through will be painful. But it's, actually, very exciting if you look at what's on the horizon.

If we're careful, true freedom -- freedom beyond anything our founders could ever have managed is on the horizon. Because everything is about to change.


EcoHealth Alliance's Peter Daszak: Hero or Villain? | Matt Ridley | Ep 126

Like most people, science journalist Matt Ridley just wants the truth. When it comes to the origin of COVID-19, that is a tall order. Was it human-made? Did it leak from a laboratory? What is the role of gain-of-function research? Why China, why now? Ridley's latest book, "Viral: The Search for the Origin of COVID-19," is a scientific quest to answer these questions and more. A year ago, you would have been kicked off Facebook for suggesting COVID originated in a lab. For most of the pandemic, the Left practically worshipped Anthony Fauci. But lately, people have been poking around. And one of the names that appears again and again is Peter Daszak, president of EcoHealth Alliance and a longtime collaborator and funder of the virus-hunting work at Wuhan Institute of Virology. In this episode of the Glenn Beck Podcast, Matt reveals the whole tangled web.


RENEWING KINDNESS: The Power of One and the Way Forward

I have one simple rule for anyone who wants to restore our nation. We will not settle for private patriotism and public compliance. The tyranny ends with us. Anyone who believes in the truth, please join me.


Crimes or Cover-Up? Exposing the World’s Most Dangerous Lie

COVID-19 changed everything. The way we live our lives, how we operate our businesses, how we see each other. And now, the federal government is sinking its tendrils even deeper, threatening the fabric not only of our bodily autonomy, but of the republic.

Our American way of life may never be the same. To save it, we must understand the key fundamentals of the pandemic that transfigured our society into the nightmare it is today. What is the COVID-19 origin story? Who are its top players in government and science, pulling the strings? What was their REAL response in the first days of the pandemic? The answers to these questions are frightening.

Emails, documents, and federal contracts tell a dark story that is still dominating our lives. It's time to cast a light on the shocking truth. Because only with the truth can we emerge from the darkness of this "pandemic" and take back the liberty stolen from us.

This is Glenn Beck's most important chalkboard of his life. And the most pivotal time in yours.

Watch the full special below:

View the research and supporting documents for this special here.

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The COVID pandemic’s ROSETTA STONE | 'Crimes Or Cover-Up?' Preview

BlazeTV host Steve Deace is a COVID pandemic expert. But even he was surprised by some of the facts Glenn will present to you tonight during his TV special. In fact, Deace says tonight's content perfectly connects all the dots and provides all the context needed. FINALLY, the COVID pandemic's Rosetta Stone is here. Their lies put Western civilization in peril, Deace says, but now Americans are ready for the truth...

Watch 'Crimes or Cover-Up? Exposing the World's Most Dangerous Lie' tonight at 8 pm ET on YouTube or