You Were Lied To About the Bitcoin Crash | Has the Reversal Already Started? | Truth Block

**Hurley** (0:00)
While you were being told the Ponzi was collapsing, the death spower was imminent, and 40k was next, whales were buying 270,000 Bitcoin, the biggest 30-day accumulation in Bitcoin's history. And in the last 48 hours, the reversal started. Kevin Warsh blinked on inflation. Over a trillion dollars poured into hard assets in 6 hours. Bitcoin took back 60k, and Strategy, the company at the center of the collapse story, rips 23% in 5 days. So today, we follow the money. Who shook you out? Who was buying? The playbook written 100 years ago that explains the whole thing almost line for line. And the question hanging over all of it. Is this reversal real? Or is it one last trap before new lows? This is TruthBlock. I'm Hurley.
Let's mine truth.
Real quick before we get into it, most of you watching still are not subscribed. If this show helps you keep your head while everybody around you is losing theirs, hit subscribe to Simply Bitcoin. It's free and it supports the Peaceful Bitcoin Revolution. All right, let's rewind to Monday, because I want you to remember exactly how it felt. We've had sentiment at levels we haven't seen since the FTX collapse. Bitcoin under the 200 week moving average. The first weekly close below the power law floor in its entire history. Benjamin Cowan is taking victory laps in the four-year cycle. And every chart account on the planet was posting a roadmap to 40K or lower. That was the mood going into this week. Then the week actually happened. Tuesday at the Central Banking Forum in Sintra, Kevin Warsh stood up and said inflation risks have come down. He still says prices are too high. He still refuses to give forward guidance. But that didn't matter. The market heard the blink. Gold jumped 3.7% and took back 4,100. Silver ripped 6%.
Some around 1.25 trillion flowed to precious metals in a few hours. Then the next morning, the jobs report landed.
57,000 jobs against 115,000 expected. And they quietly revised another 74,000 out of April and May.
The rate hike conversation was dead by 9 a.m. and metals added another 570 billion in seven minutes.
And behind it all, USM2 just hit a new record, 23.1 trillion.
Now catch the irony here. In January, the mere announcement of Kevin Warsh as the next Fed chair crushed gold and silver. His name alone birthed people saying the debasement trade is dead. Fast forward six months later, and his own mouth brings it back from the dead. The truth is, the debasement trade never died. A narrative just repriced it. And narratives, as we're about to see, are exactly how people get shaken out of positions. But first, I want you to hear something. Because a man sat down on this very channel days before Warsh opened his mouth and gamed out exactly what was about to happen. Larry Lippard, a fund manager and the author of The Big Print, who has decades in markets, a gold guy long before he was a Bitcoin guy. Nico asked him about the bear market and listened to what he front ran.

**Larry Lepard** (2:58)
And the world is thinking that Warsh is a hawk. I mean, I'll tell you one thing, it could really change the world. I'm not predicting this is going to happen. Okay, it probably won't. But what if the next Fed meeting came along and Warsh said, you know what, we've redefined the inflation numbers. They're backward looking anyway. Things are coming down because the war has been settled. We think there's a lot of AI productivity, and this is a new day at the Fed. We're looking through the numbers, and we believe in, it's really not, we can't backward look, we got a forward look, and we're going to get a lot of productivity, and therefore, we're in a position to cut interest rates, and we're going to cut rates at this meeting. If that happened, okay, just hypothetically, if that were to happen, you know what would happen to silver and gold and Bitcoin? I mean, they would explode.
I mean, not just a little bit, like a lot, because the entire boat is leaning in the worst is the bulk or worst is the hog, higher rates are coming. You don't need any kind of sound money.
And if he were to reverse and prove that that's not the case, everyone would go, these sound money guys were right. They can't ever stop printing. I mean, how do we win? We win when our money replaces their money, okay? Their money is evil, corrupt, planned by a bunch of central planners, and they lie to us 24-7, okay? We win when our money is better than their money, and everyone knows it, and their money can't exist anymore, and everyone walks away from them because we know they're liars. I mean, and so that has to happen to the Fed.