Does the inability of Vice President Harris answer that?
Really important question at the beginning, are Americans better
off than they were four years ago?
It was a very, very evasive, clearly scripted answer.
But the answer to that, I think if you polled the American
people is I, I would say 95% would say no.
They're much worse off than they were four years ago.
President Trump had one of the lowest inflation rates in recent
American history. Today, we're experiencing the
highest. We have a first generation of
American kids who can't get into homes.
We have the unaffordability at the gas station, at the grocery
store, people who are down grading ingredients to make it
through the checkout counter, elderly people who are cutting
up their prescriptions to pay for food or fuel.
This is happening all over our country.
It's the first time in American history that you have a
generation of kids who's going to be worse off than their
parents. And president, Vice President
Harris has had four years to deal with these issues and
they've just gotten worse. And unfortunately, we had
moderators who were clearly biased, who were constantly fact
checking Donald Trump. And none of these kind of
whoppers that the Vice president was, was saying and none of her
failure to really explain that answer that first question, that
very, very critical first question, they simply sat there
on the sidelines, right, allowed, allowed that to pass.
Yeah, we're going to simply Bitcoin Live, your number one
source for the peaceful Bitcoin revolution and cup breaking
news, culture, magic warfare. We will be your guide through
the separation of money and state.
The first presidential debate, I mean technically is the second,
but the actual presidential debate between the candidates
that are actually running for president happened last night at
9:00 PM on ABC. And I'll, I'll approach it from
this angle because we are a Bitcoin show and I don't want to
get into all the other political discussions because that's not
why you guys tune into us for and that's not what we're about.
But what I will say is as a content creator, me and Opti
have been doing this for a couple years now and we don't
have any professional training whatsoever.
We are self-taught. And what I will say is the bias
that I saw from professional journalists yesterday was
insane. And I'm not coming at it from
the angle of like, you know, they treat they mistreated Trump
or this and this and that. But I'm coming at it from the
angle of most people, what they're feeling right now is the
devastating effects of inflation, of which both
political parties are responsible for, and the
continued, like, illusion of politicians going and promising
the American people that they're going to solve their issues.
That is insane. We're going to talk about one of
the bills that was passed I think a couple years ago is
called the Inflation Reduction Act.
That bill spent I think over $200 billion.
I have the exact number. You don't reduce inflation by
spending 200 billion. So we have a predicament and an
issue here where it's an educational problem.
It's an educational issue. We have to be able to educate
the masses on the fact that it's not left verse right.
It's green versus orange. Are you for pro Fiat, pro
endless wars, pro reckless government spending, pro
censorship, pro nihilism, pro poverty?
Or are you pro Bitcoin, pro opportunity, pro hope, pro
prosperity, pro censorship resistant, pro freedom?
Like that's really what's happening here.
And what I saw yesterday was incredibly biased reporters and
Trump getting upset and then by and then Kamala, who's been in
power for the last 3 1/2 years, you know, tell this story of joy
and happiness and all this. And those are the two choices we
have in front of us. Like that would be very
depressing if I didn't have Bitcoin.
And that's really what the message I want to focus on
today, which is if what you saw last night, regardless of your
own personal political beliefs and stuff, depress you and you
are just like, holy cow, like these are the two choices in
front of us. There is a third choice and that
choice is Bitcoin. You can opt out of that system
entirely, and you can start living the American dream today
because if you've been using Bitcoin as your unit of account
for the last, you know, five years, three years, even housing
and groceries have gotten cheaper.
If you've been living on a sound money standard and you just kept
hearing in the debate yesterday like, the price of housing is
too high, Kamala was like, yeah, we're going to give a tax
credit. You know, Trump had his own way
of, you know, approaching things and the entire time I'm thinking
I'm like, you know, the solution is just Bitcoin.
But for politicians, like if they're not the solution, that's
a problem, that's an issue, right?
So of course I'm not going to mention that.
And then one last thing I'll say before I bring up our the
panelists for today Opti and our guest is we have this election
even though Bitcoin doesn't need a politician to succeed.
I will say is that we have a pro Bitcoin, anti CBDC candidate
which has been endorsed by RFK, which is Trump.
And on the other side you have an anti Bitcoin and pro CBDC
candidate, which is Kamala. So the two things are separate.
You could start living the American dream today.
Yeah, someone brought it up in the comment.
No mention of $36 trillion government debt adding one
trillion every month for every few months.
Just to give you guys perspective, most countries
don't even have AGDP of a trillion.
El Salvador's GDP is 32 billion. Just to kind of give you give
you guys an idea of the deficit and how are they able to afford
the deficit. They print the difference and
that causes inflation, and that is literally theft from anyone
who is holding and earning in dollars.
And that wasn't addressed. But there's two separate issues
here. Issue #1 is both candidates
didn't provide a solution. The solution is Bitcoin.
Issue #2 if you're a Bitcoin entrepreneur and if you want the
Bitcoin industry to thrive in the United States for the next
four years or so, this year is a Bitcoin election.
You have two separate candidates that have two different policies
towards the industry. Even though one candidate is
obfuscating that a little bit by using the media.
If you take a look at the data, it's very, very clear.
Operation Choke .2 point O the proposed 30% Bitcoin mining tax.
The fact that nowhere in the the Democrats presidential of the
the Democrats policy for 2024 is cryptocurrency, digital assets
or Bitcoin included versus the Republican policy, which
includes the protection of self custody, the right to mine and
just allowing the the industry to thrive.
SO2 separate things could be true at the same time.
And I'm just seeing this and it's like the a metaphoric
Titanic sinking into the ocean. And I'm watching this from the
safety of my Bitcoin life raft by having my wealth in self
custody. And I'm just watching this and
I'm like, this is a disaster. This is a this is a disaster
happening in slow motion and if you don't have your money in
Bitcoin, you're going, if you don't have your money in Bitcoin
in self custody, you are literally going along for the
ride. Whatever you thought of the
debate yesterday, you are going along for that ride.
That is, that is what you're opting into by staying in Fiat
money, but you have a choice as an individual that is completely
independent of election to opt out into a non political money
that can't be debased, that is censorship resistant, that is
very difficult to confiscate and that is Bitcoin.
So yes, it's an election year without a shadow of a doubt, but
the most important vote that you can make this election season
voting with your wallet and taking Bitcoin into self
custody. That being said, also from a
regulatory environment, we've made the case for you guys in
terms of what is the better political candidate.
But holy cow, I saw that yesterday and I said, man, thank
God for Bitcoin. If Bitcoin did not exist, like
it would be a very dark time for my perspective, like I think I
would. I would be a gold bug maxi in my
opinion, because I'm looking at that.
I'm like, holy cow, this is insanity.
This is late stage Fiat like that.
I think this is what we're getting right now.
I think the politicians themselves are suffering from
inflation. Anyways, I do want to welcome
our guests for today. We have Cena.
He's the Co founder and COO of 21st Capital.
And of course my legendary Co host who I don't know.
I don't know how you could be optimistic after last night Opti
but like holy like cow honey badger dude what the F was that?
What's your take? Well, well, hold on your mic.
Hold on, hold on. Well, Nico.
Your microphone. Is it, is it not on?
Oh, yeah, you're right. Am I bad?
My bad. Guys, we're fixed.
We're fixed, Nico. First and foremost, optimism is
a way of life. You do not search for external
input, external stimuli to be optimistic.
This is how this is my operating system.
This is what I suggest everyone else's operating system should
be, is just pure optimism throughout anything going on.
But overall, yeah, it was pretty, it was a pretty
horrible, horrible debate first and foremost.
A couple, a couple of drop balls in my opinion.
No mention of Bitcoin, Not surprised at all.
But of course, you know, Bitcoin completely absent in the debate,
which you can argue is obviously outside of the Overton window as
far as the mass population is concerned.
So I totally see that. But they literally started the
debate on the economy and again, a more inside the Overton window
issue as far as I'm concerned, no touching on the idea of
printing money. They had all of these obscure
reasons for inflation and it's all about printing money.
They're they're. Literally bro, it's literally
all about printing money. It's so crazy.
And then they they started talking about like other look
most people like 99% of people. You know what they care about?
They care about being able to provide for their family and
being able to put food on the table and being able to make a
good living. That is like 99% of people's
problems. All these other issues, I'm not
saying that they're not important, but it's like the
emphasis on them is create and then like not going to World War
three would be great also. And like the emphasis on like
those, it's like, it's like, holy cow, it's like that.
That's like, and then this leads me to something that we've been
talking about for a long time for like this last week or so on
the show. The general theme is it's not
only what is money? The question is like, I'm down
the rabbit hole enough where I'm asking like, what is government?
Like what is the role of government?
What I saw last night was like, not what I'm envisioning.
Like, what is government? Government supposed to like, you
know, keep society, order orderly, protect private
property and, you know, set a set of rules so make sure that
people don't cheat each other. Like that's supposed to be the
total like what government is all about.
And it's been Frankensteined into this.
Like government is the all end all be all.
It's supposed to do everything. Don't worry about it.
Now we're going to get start giving you tax credits for
housing and stuff like that. And we're going to be paying
for, you know, like treatment and like this and that.
And it's like, wait a second, like, I didn't agree to any of
this. This is insanity, right?
Anyways, I also want to touch on a few things.
First off, there was a few funny moments to it though that I
found myself cracking up. Especially the like Trump, like
like, excuse me, I'm speaking like, does this sound familiar
that that was that was some good viral moments there.
First and foremost, as far as I'm concerned as someone that
makes content. The second part that I think you
already touched on is that there was seemingly like a fix that
was in on that the the moderators.
It seemed to be 3 on one. And then I think one of the most
interesting aspects about this, whether Kamala won or lost is
Taylor Swift endorsing Kamala right when it ended.
So it did seem like there was a fix going in in favor of Kamala,
but overall it was. It's politics.
Am I surprised that they're not really hitting on the issues?
No, it's just about sound bites and all that stuff.
But man, what a crazy world we live in.
It really goes to show that maybe we don't need a president
to control the economy. Maybe we I need a president to
control the world. I don't know, I'm just
spitballing here. That, I mean, that's what I'm
trying to tell you is like, what is the role of government
anyways? We haven't let our guests say
anything yet. So Cena, how you doing, man?
You've been listening to me and Opti just react to the
catastrophe of the first presidential debate.
Like if you watch debates from like 20 years ago and you watch
them now, it's it's insane. It's it's just like night and
day. And I, and I really believe that
it's like like, you know, it's it, I think it has to do with it
has to do with with broken money.
Anyways, Cena what? What's your take on all this
bro? Hey guys, I love to be with you
guys. I was just listening and I
couldn't agree more with everything you guys said.
I mean very well said, very well put, balanced take.
I'm just following what you just said.
I used to listen super, super carefully to political speeches,
not because I cared much about the content, but just because
how the quality of the speech it, you know, gave me ideas in
how to form my sentences. I used to like even listen to
Obama's speeches in terms of to learn better English.
Like, not that, not that I agreed with the content one way
or another, but now it's. It's probably a harsh work to
say, but it's all a clown show for me.
It's all theatrical. Totally, that's what I'm saying.
It's nuts. They're they're talking about
eating the cats and the like bro, like I was like holy like
what is this? Like these are the people
controlling the nuclear code. Like it was like it was mind
blowing 100% like it it used to have a lot more prestige.
They used to speak better. I completely agree.
But yeah, it, it, it's just crazy.
And also in other news, guys, we're going to talk about Max
Kaiser's global hash war as well.
Really looking forward to that. It looks like every like it
looks like countries, public companies, energy companies,
they're all mining Bitcoin. Max Kaiser's making the case
that there's going to be a global hash war.
Not war in the traditional sense, but essentially a, a
battle for which country could accumulate as much Bitcoin as
humanly possible. And I think it's, it's obvious
in hindsight, but you know, it, it's, I mean, it's, it's, it's,
we always knew that this was going to happen.
But you know, it's, it's just crazy watching it play out, in
my opinion, to the point where the Marathon CEO is literally
saying that Bitcoin is a, is a, is a matter of national
security. And this comes on the heels of
the news coming out of Russia where Putin made a literally a
180 and essentially made Bitcoin mining legal and Bitcoin for
facilitating international transactions legal as well.
So I think this is Bitcoins incentives playing out in real
time. It's glorious to see.
It's awesome, but I can't say I'm not surprised either.
Like this is bitcoins incentives for you.
Anyways, guys, before we jump into the show, we're also going
to talk to Cena about 20 First Capital during the culture
segment. So really excited about that as
well. But before we jump into the
show, I do want to give a very special shout out to simply
bitcoins lead sponsor. When simply Bitcoin got the
platforms, one of the things that I, I one of the messages
that I I I kept getting from people is like, hey, how can I,
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the numbers. Lots to talk about.
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At the time of recording, the Bitcoin price is at $57,040.
Sats per dollar 1753 block height 860,800 99 blocks to
having 189,101 having estimate March 23rd, 2028 Total lightning
network capacity 4962 BTC capacity value 283,000,000
Realized monetary inflation 1.38% market capitalization 1.13
trillion Bitcoin versus gold market cap 6.47%.
In the grand scheme of things, we are just getting started
anyways. Another another example of what
I was talking about yet the earlier on the show is again
like this is this is gnarly. Here's Elizabeth Warren, and
here's her solution for lowering the the cost of housing.
You might think you're never going to be able to afford
buying a home, and you're not alone in that.
A new poll shows that 86% of renters in the United States
want to buy a home but can't afford one.
It doesn't have to be this way. I have a bill that would build 3
million new housing units and lower the cost of housing, all
paid for by taxing the ultra wealthy.
I'm fighting to get this done. Like, like, it's, it's, it's
just like, it's like we're going to tax more.
I have a bill. This is the solution.
Like it's, it's, it's, it's total clown world.
Now let's take a let's take a look at like what is the actual
cause of housing going through the roof?
Well, first, I want to present you with a clip from Joe Biden
referencing the Inflation Reduction Act.
It's interesting. Take a look at what he has to
say at the end regarding the bill.
My my investments that through my investments, the most
significant climate change law ever.
And by the way, it is a $369 billion bill.
It's called the we we we should have named it what it was, but
it. They should have named it what
it so like spending $369 billion and then obfuscating that behind
the so-called Inflation Reduction Act because they know
that people are hurting from inflation.
Like that is evil, man. That is evil.
And by the way, both political parties, they print money.
So this isn't just focusing on the Democrats specifically, but
they're the ones that are in power right now.
But both political parties, they just print money.
And who pays for that? Well, anyone who's earning and
saving in Fiat is the ones footing the bill.
So like, this is nuts. This is gnarly, and this is the
psyop. Like this is the thing that we
have to do as Bitcoiners. Our mission is to wake people up
to the scam that is Fiat money. Our mission is to wake up, to
wake people up to the fact that if you start living your life on
a Bitcoin standard, you don't have to wait for Elizabeth
Warren to tax the ultra wealthy. You don't have to, you know,
wait for the Inflation Reduction Act, which isn't even focused on
inflation. It's focused on climate stuff.
You don't have to focus on any of these things, and I'm going
to read you a quote from Milton Friedman.
He says inflation is always and everywhere a monetary phenomenon
in the sense that it is, and keep can be produced only by a
more rapid increase in the quantity of money than an
output. Very simple.
So, and now let's get to the the Inflation Reduction Act, right
now that you know that, right? How do you reduce inflation?
You stop printing money. And then I'll show you guys the,
the housing data as well. So the Inflation Reduction Act,
which was signed into law by President Joe Biden August 2022,
is projected to cost approximately 437 billion / a
decade. The majority El Salvador's GDP
is 32 billion. Just to kind of give you guys an
idea of the scope, right? The majority of this spending is
directed towards addressing climate change, healthcare
costs, and energy security. Then why is it called the
Inflation Reduction Act? Like it's like it's a gaslight.
And they're taking advantage of the fact that people don't
understand and they're not aware of the fact that money can exist
without inflation. Politicians have been taking
advantage of that for a very, very long time.
And then they come to you with false hope and solution.
Like, I'm going to pass a bill. Like, it doesn't need to be this
way. Yeah, it doesn't need to be this
way if you stop printing money now.
Let's take a look at the data, right?
So if you take a look at at the year, right?
This is when the pandemic happened, right?
Since 2020, that's the M2 money supply chart right now.
Let's take a look at inflation. It's 2020 started printing money
2021-2022. Isn't that crazy, right?
And then you hear Elizabeth Warren talking about, you know,
the housing for like the housing prices like they keep going up.
Like I don't understand. Like it's the ultra.
We have to tax the ultra wealthy to fix this.
OK, so let's take a look at housing prices.
Look at that 2020 how it's, it's, it's almost as if it's
correlated with the money supply.
Look at that. Maybe I'm just seeing things
that are not there. Isn't that interesting?
And it's almost as if the inflation rate is correlated to
the money supply as well. Isn't that a coincidence?
All of these things and then government solution right here
it is, is let's tax the ultra wealthy.
And the other government solution and the Inflation
Reduction Act is to print more money which we don't have. the
US government spent $1.7 trillion more than a collected
in tax revenue in 2023. How are they able to spend that
type of money? They printed the difference and
what happens when you print the difference?
This is what happens. So Elizabeth Warren, the
solution to making housing prices affordable for the
average everyday American is not your freaking bill.
It's to stop spending money you we don't have.
The the problem is with this system is that you can't rely on
the government to do that because you have to essentially
trust that the government isn't going to debase the currency.
This is something that Satoshi identified very early on.
Don't trust verify. You don't have to trust anyone
in Bitcoin. It's, it's absolutely scarce.
There's 21 million, no one's going to debase it.
It's censorship resistant because of those things.
If you've been saving in Bitcoin for the last three to five
years, that housing that you saw going up in Fiat terms has
actually decreased by 80 to 90%, even though housing is doubled
in Fiat terms. It's not politicians that are
going to solve these problems. It is individuals choosing to
opt out of clown world by opting out of political money, by
choosing Bitcoin that's going to solve these problems.
And none of this was addressed during the debate last night.
This is the solution to these problems, not more bills, not
more politicians. Now I'll end it with this.
That being said, what politicians can do for hyper
bitcoinisation to accelerate is get out the way and create a
positive regulatory environment for Bitcoin businesses to
thrive. And there it's a very simple
decision. You have a pro Bitcoin candidate
and you have an anti Bitcoin candidate.
Worse, you have a pro Bitcoin candidate, anti CBDC candidate
and then you have a anti Bitcoin candidate, pro CBDC candidate.
So this is just it's clown world.
But the reason that they keep getting away with it is a
failure on our part because that means that we have not educated
enough people on the scam that is Fiat money.
And as long as these politicians are able to operate in an
environment where most people are still asleep and they're
seeking to politicians for solution and they're not taking
agency and personal responsibility and choosing to
opt out into a better unit of account and a better money, then
this is going to keep happening. And the debates that happened
last night, they're going to keep happening.
And you're going to continue to see more gaslighting with the
audacity of cause of naming a bill called the Inflation
Reduction Act because they knew that people were pissed off
about inflation, that all it did was literally spend $369
billion. It is insane.
So we're going to keep hammering this message home until enough
people wake up to the fact that Fiat money is a scam.
All we need is a 5 to 10% of the minority to wake up to this
reality. And I'm telling you guys, we're
going to effectuate change more than any politician would have
ever been able to. Politicians and government are
the problem. They're the ones causing these
prices to go where they are. It's not anything else.
And don't let them gaslight you to believe otherwise.
Anyways, I'm going to pass it on to Cena and then Opti.
Yeah, well said. If you're familiar with this
thing called a tragedy of the Commons, it's kind of something
that economists discovered, and I think someone got a Nobel
Prize for working on it. The idea is if you have a shared
resource that is owned by everyone and no specific parties
responsible for it, it ends up in tragedy because everyone will
just try to extract as much as possible from that resource
without really owning the consequences.
So it's like you extract for yourself.
Consequences is shared, socialized among others.
And that's exactly what's happening in our in our world
right now. Politicians are extracting value
out of every paycheck we get. You know, if you add up all the
things you pay for, perhaps you get just a little bit more than
half of the the wage that your employer pays.
That 30 percent, 40% of it goes to a shared pool of easy money
for these politicians. And what they do is they now use
that money to promise their friends and family different
beautiful things. And that demand is endless.
There's endless number of parties in a society that just
want more and more from these politicians.
And they're going to just trade those tax dollars with with
votes and the guarantee that they'll remain in power for a
longer time. And this always creates a lot
more pressure to spend than we have money.
And as you aptly mentioned, Fiat actually allows us to spend more
than we have and again, socialize the cost and have
everybody else pay for whatever plan that a politician, you
know, devises as a deal with the stakeholder that they're dealing
with. And so this is this is what's,
you know, democratic system is doing.
They are they are extracting value from the society and
creating a tragedy of Commons with the resource that's a tax
dollar. So when they tell me that, you
know, some in the debate again question came up like what have
you done to do this? What have you done to do that?
And the answer is like, I spent so many billion dollars on this.
I created so many tax credits for this group.
I'm like, that's not anything you did.
You simply took money from some other people and redistributed
it to other redistributed to other people.
You didn't create any value in that in that work.
You simply moved someone someone's money and gave it to
someone else. Most of the answers, most of the
politicians think the job is to is to just redistribute
resources from one person to the other.
But in fact, most of the economic problems doesn't need
anything. The solution is not, you know,
the answer is not telling me where you spent money.
The answer is just get away. I mean, get out of the way and
don't do anything. So that's the right answer.
But what we hear from both sides is I spend money here, I will
spend money there. I'll create tax credits here.
But the solution to our problems is for these people to do
nothing. Absolutely nothing. 100% yeah.
Like if they just got out of the way it would be, you know it
like so that's that's the thing. And we just we have so much work
to do guys as an edge on on an educational level.
Also appreciate all of you guys zapping us some zats, some some
zats, some sats on ZAP dot stream opting real quick about
2-3 minutes and then we'll go into the new segment.
Yeah, hold on I I think I need an accord over here anyway.
Anyways, but really kind of doubling down on what Sina was
saying, the real issue here is not taxing wealthy people.
But I think the signal here, or rather the, you know, the the
message behind what Elizabeth Warren is saying is that most
people are just really economically illiterate.
They just don't understand how things work.
It's obviously an emotional plea that Elizabeth Warren is saying
right now. It is fashionable right now to
think that it's the wealthy people that are ruining the
country, that it's the wealthy people that are taking advantage
of the average everyday person, where in reality we're all
getting poorer because of Fiat money, because government debt,
because government words is our money right now.
All you have to do is trust in the system.
And they're going to continue to flood the system with more Fiat
money in it, which is going to devalue everything.
And so when you hear them say we just need to tax the rich more
so that you can have affordable whatever in reality, I always
just look at it. It's them deflecting from the
real problem. Hence why I started this with, I
didn't hear one point in that whole debate last night about
them printing more money or them stopping to print money.
All I heard is what Cena was saying is like, oh, I spent
billions of dollars to fix this. And it's like, that is the
fundamental issue here is the amount of money that is being
created, which is devaluing all of our holdings and all of our
wealth. And if you aren't wealthy enough
to own assets, you're getting, you're getting poorer, you're
you're getting wrecked by the system.
The system is designed in a way where if you do not hold assets,
if you are only saving in dollars, you are going to get
poorer. And this is by design.
And even if you really take into account Elizabeth Warrens
strategy or bill of taxing the wealthy, it's also a cap on
whether you have social mobility, whether you can
actually move up in the system. You there's never going to be an
escape from this. Everything I'm hearing is just
different mechanisms to keep everyone else poor and keep
their at this point, you know, cartel or military over the OR
sorry, cartel or mafia over the money printing that is going to
keep us all in perpetual poorness forever.
This is why we Bitcoin is so you can save in something that they
can't control, control that they can't debase.
And this is the whole point. This is This is why Bitcoin
really pulls a trump card on the Fiat system.
It they're they can't financially engineer the system
anymore. With Bitcoin though, they're
going to try. The real problem is they don't
know how to balance a checkbook. This is the problem.
They're spending more money than they have.
And it seems to be OK on the federal level.
But when we do it on an individual level, you go
bankrupt. Do you know the US has already
been bankrupt? And Elon's been saying like the
US is about to go bankrupt. It's like, man, what happened in
1971? What happened in 1913 when the
Federal Reserve was created? It's like we've been on this
runaway train for a long time. And now we have a fix, which is
Bitcoin. And more people need to wake up
to it and more people need to learn to it.
More people need to invest their capital and their wealth in
Bitcoin. And things will start to change.
And it's happening in. It's slowly but surely it's
happening. Absolutely, 100%.
All right, everybody, before we move on to the new segment, stay
tuned because we're going to talk about Max Keiser's theory,
the global hash war. It's playing out in real time.
This is going to be the next 5 to 10 years.
It's going to be it's going to be Bitcoin growing up, heading
to the next phase. So stay tuned.
We'll be right back. Let's head into the news.
Let's do this. Here we go.
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wallet. All right, everybody, so let's
talk about this. Here's Max Keiser being
interviewed by Isabella Santos at the Bitcoin Conference in
Nashville, 2024. Everyone comes to Bitcoin
eventually. You get it at the price you
deserve. Everything goes to zero against
Bitcoin. OK, Donald Trump's learning
curve on Bitcoin just started and you know, he's like a lot of
people that come to Bitcoin and said, I just found Bitcoin,
here's how you improve it. No, you are second to Bitcoin.
You will have to bend the knee to Bitcoin just like everybody
else. Bitcoin is on its own vector.
What does the United States or the.
President that is in the election have to do, you know,
to bend the knee, he has to make Bitcoin legal tender.
He has to start putting Bitcoin on the treasury of the US
government and he has to start in the Bitcoin global hash war.
Every country is not going to be adding Bitcoin to the reserve
status to compete in the global hash war in the 21st century.
That's World War Bitcoin. You have to have Bitcoin.
It's a it's a mad scramble to get more Bitcoin because the
Fiat money world is collapsing. So if you want to win World War
Bitcoin, you need to start accumulating and hoarding and
buying and stacking Bitcoin aggressively as soon as
possible. And that's hopefully the US is
already far behind. You know, I wish them luck.
So, OK, a couple of things to unpack here, right?
First thing is the this idea of the global hash war, right?
And that you'll see more and more countries try to get
exposure to Bitcoin in a a variety of different ways.
Also, one thing I do want to mention about Macs, Max was
telling people about Bitcoin since it was basically a dollar,
right? He's been around the block.
He's, you know, Bitcoin OG. And remember back then, a lot of
people reacted to Max the same way that potentially some people
are reacting to Max when he's talking about, you know, the
Bitcoin global hash war. It it it's like like, what are
you talking about? A mad scrambled a Bitcoin like
never going to see that happening.
Well, it's already happening. And I'll make the case for you
guys right now. First in El Salvador, El
Salvador, they've made their reserves public.
Every single day they acquire one Bitcoin.
It continues to go up, not to mention their mining capacity.
Also, we have the CEOs of large publicly traded Bitcoin miners
saying stuff like Bitcoin is a national security concern for
this country. Let's take let's take a look at
what the Marathon CEO has to say.
Bitcoin is of national security concern for this country.
Russia is the world's second largest Bitcoin mining nation.
Countries that operate on a Bitcoin standard from a
perspective of transacting and holding Bitcoin can transact
outside of the sanctions environment.
They can transact outside of government controls.
If the US does not have a substantial amount of Bitcoin
mining on shore, they can be locked out and U.S. companies
can be locked out of transacting their Bitcoin.
So strategic ownership of block spaces of a national security
concern. And that's why with 40% of
global Bitcoin mining in the US, the US must maintain at
dominance, not just in Bitcoin mining, but also in the holding
of Bitcoin assets in U.S. companies, whether they're ETFs,
whether they're Bitcoin mining companies, whether it's
MicroStrategy. But the US must maintain
dominance because by the same reason the US holds 40% of the
gold reserves in the world, they can exert influence in financial
markets. They have to do that as the
world transitions to digital currencies.
OK, it's incredibly well said. Ben, do you have anything you
want? So what, what does that remind
you of with what Kaiser was saying, right?
Kaiser was saying in a prophetic way like this, this Kaiser has
been saying this for years. You have to understand that.
And then you now have the, I believe his name is Fred Teal.
You have the CEO of Marathon saying we have to like the we
have to stay on top of this. And then you had Trump at the
Bitcoin conference literally saying, which is just common
sense. If the Bitcoin doesn't take,
sorry, if the United States doesn't take a leadership role
within the Bitcoin industry, then China's going to do it.
And here's the beautiful thing about all of this, guys,
specifically if like you're not American or you're whatever,
like look at it from this way, when country, and this is a
theory from the sovereign individual.
When countries start competing for your business and your
Bitcoin and you're a Bitcoin holder, you know who wins?
You do the individual, anyone who is holding Bitcoin is
actively working for you. That's something that people
have to understand. That's something that you have
to wrap your head around and shout out to Kaiser for once
again being prophetic in this and just noticing because it's
the game theory playing out now. Fred Thiel said something really
interesting about Russia. Guess what, ladies and
gentlemen? Russia just legalized Bitcoin
mining and Bitcoin for international trade.
This happened September 1st was when the bill went into action.
So could you imagine a country like Russia, which you can make
a very strong case as an authoritarian regime with Putin?
Could you imagine why they would see the necessity to make
something like Bitcoin legal tender?
Sorry, not legal tender. They would make Bitcoin mining
legal. Why do you think that's
happening? Well, they see exactly what Mac
sees. They see exactly what the CEO of
Marathon sees. It's not an option.
It's a necessity as the world transitions to digital assets.
Now, this isn't just happening in the United States and Russia.
This is something that's happening worldwide.
This is something that we mentioned a couple days ago.
Japan's largest electricity provider explores Bitcoin mining
with surplus renewable energy. So now you have the largest
energy provider in Japan is actively mining Bitcoin.
This is not an isolated incident.
We've talked to you guys about the Kingdom of Bhutan.
Bhutan partnered with one of the large, one of the world's
largestly public traded, publicly traded Bitcoin miners
bit deer. And guess what?
They increased their mining capacity from 100 megawatts to
600 megawatts, meaning they added 500 megawatts of mining
capacity and infrastructure right before the halving.
What does that tell you about what they anticipate is going to
be Bitcoins future price appreciation?
You don't make that type of investment into Bitcoin mining
with the halving around the corner, if you don't believe
that the dollar term, the appreciation of Bitcoin is going
to continue into the future. So now you have the United
States, you have Russia, you have Japan, you have El
Salvador, you have Paraguay and energy companies as well.
Actually, this came out two years ago.
Exxon Mobil is mining Bitcoin in North Dakota as part of its
plans to slash emissions. So the writing is on the wall.
And I think it's a it's a game of musical chairs.
It's a game of very, very big musical chairs.
Why? Because unlike gold and I and I,
I told you guys this yesterday, I like physical gold, but
physical gold isn't absolutely scarce.
You don't know how much gold is in the ground.
You don't know how much gold is floating in outer space.
When the price of gold goes up, the amount of gold production
goes up with it. So the average inflation rate of
gold is roughly like 2 to 3% on a yearly basis.
The inflation rate of Bitcoin right now is at 1.38% and it's
guaranteed to get cut in half in four years and four years after
that, it's going to get cut in half again.
Bitcoin is absolutely scarce. And if you're are, there's
roughly 50 to 60 million millionaires all around the
world, but there's only 21 million Bitcoin.
Do the math. And then not to mention, it's
not only the millionaires that are competing for this, it's
nation states, it's public companies like Michael Saylor.
Michael Saylor has proven that his strategy is outperforming
everyone, including NVIDIA. Like, like what is coming is
essentially people realizing that, holy cow, we need to get a
hold of this asset. The problem for a lot of these
governments and a lot of these millionaires, a lot whatever is
that there's only 21 million Bitcoin.
Are you going to sell your Bitcoin to them?
I'm not going to opti. Are you going to sell your
Bitcoin to BlackRock or Russia or any of these nation states?
Cena, are you going to sell your Bitcoin to BlackRock and Russia
and any of these nation states? No.
So what's going to happen? The price is going to go up.
I'm still not going to sell it because I'm not in this for the
money anymore. I'm in this for the freaking
revolution, baby. Anyway, Cena, what are your
thoughts on all this? Is Max Keiser saying crazy
things? Do you agree with his
perspective? What's your take?
Yeah. The first thing I'll say is for
a lot of us, you know, Bitcoin is, is a solution to the to a
lot of the economic problems and perhaps beyond that and
important to realize that, you know, making money or think of
it, thinking of it as an investment is one part of it.
But what really, really excites me is, is the fact that I think
I truly believe that Bitcoin adoption of Bitcoin is a step
forward. It's going to improve economics.
It's going to create more and more wealth for a lot of people
and solve, solve the issue. So to me, the revolution part is
extremely important and extremely relevant.
And it just, that's what excites me.
I remember just bursting into, I was crying when I heard El
Salvador adopting Bitcoin. Not because I thought my bags
are going to go up, right? Just because I, I, you know, all
the, all the kind of all the ideas that were in our heads in
terms of what's possible, what's how the world is going to change
and how, how Bitcoin is going to affect change in the world.
It was materializing. And since then, I mean, before
and after everything is just happening according to the
proverbial plan. I remember a few years back, I,
I was running an educational platform with live sessions
answering people's questions about Bitcoin.
And something that typically came up was government is going
to ban it. And we were explaining to
people, hey, you know, talking about game theory, talking about
the idea that government is not one thing.
It's a lot of people are not a lot of stakeholders, a lot of
parts, it's not a monolith and they will never agree on the
same thing. And if one part of the
government wants to ban something, another part realizes
that there's something to be gained.
And same idea happens across government, between governments
as well. If one government wants to ban
it, another government figures out, hey, we can make some money
here. It's it's going to help us.
It's going to help our help our treasury.
So that was that. That was very unlikely to
happen. But at a few years back, this
was just an idea. It was our analysis, but just
seeing this happen in real time, year after year, it's just
amazing. And and we it's happening before
our eyes and we just have to see it and a lot of people don't,
right. This is how you miss some of the
biggest changes in the world by just not looking.
And you know, this year we've had some of the biggest changes
in Bitcoin adoption, obviously with the ETFs, approval of the
ETFs, Wall Street is coming to Bitcoin.
We heard of pension funds. Some of the most conservative
institutions are now investing. Wisconsin Board of WISPI, think
I forgot the full name. They are now investing and they
will definitely do more and more.
And 17, more than $17 billion of Wall Street money has come to
Bitcoin. Then we have specific companies
that are learning from Michael Saylor and taking a page from
his playbook. There's Similar Scientific.
He will be a mini Michael Saylor in the next few quarters.
Similar Scientific is a medical device manufacturer and his CEO.
Just listen to, you know what the CEO says.
It's exactly Michael Saylor type stuff in terms of conviction and
belief in Bitcoin and and so on. We also have the same thing
happening outside of the US. Like there's a meta planet in
Japan that's exactly doing this. Another Michael Saylor move.
And there will be many, many more that we're not we're just
not hearing of, right. It's many institutions are
silently adopting Bitcoin and taking positions without
disclosing it. Some have incentive to disclose
it, but a lot of them do not. They they think they won't gain
much by by doing that. It's much better to silently
accumulate and we, if you just use your imagination, you'll see
many things are happening below the surface and they will, we
will, we will see them as time goes on.
Same thing happening with nation states.
We have El Salvador, we have several other nation states
interested in adopting it, putting it on their treasury.
And we have several other countries that are interested
and and I'm sure they're actively investing in expanding
their mining operations. And a very simple one is say you
talk about Russia, but we also haven't heard much concrete
plans for from the Middle East and oil producing countries.
Do you think they have an incentive to mine Bitcoin?
Well, if you have so much oil, if you have so much gas, so much
energy, and there is an international buyer that doesn't
require you to agree to anything, it's a perpetual
buyer. You can sell your energy to that
system anytime, 24/7 and and get a handsome, handsome money for
it. You don't need any permission to
participate in anyone's money. You simply use your energy to
mine Bitcoin. So it's a perpetual importer of
energy. Do you think the oil exporters
are interested in in mining and getting into the game?
Of course, at any level you think about it, there is
adoption and people sometimes get so impatient they just want
the price to moon, you know, this weekend.
But everything is happening according to, you know what we
were expecting that the trend I just put out A to it as well,
showing the the trend of Bitcoin addresses.
And it's very interesting you see Bitcoin going from a bull
market to a bear market, but the trend of adoption is the same,
almost the same like in the past 10 years, we've been adding 50
million addresses every year. And as I say this, I guarantee
there is someone that's typing, hey, addresses don't mean number
of people. One address can represent so
many people and so many people can represent one address, of
course. But still, this is a rough
proxy, right? You can also improve it by
limiting the size of address to a certain number of dollars.
But I've looked at all these things and the same, the same
idea comes out. You know, Bitcoin is growing
regardless. It's a network and it's
benefiting from the power of networks in in expanding and
getting stronger as they grow right So actually if you look at
the bitcoins growth it's it's a power of three in time.
So as Bitcoin age increases, the, the size, the number of
addresses grow proportional to the a cube of age, something
like that. So it's, and it's been doing
that like forever. It's, it's funny because it
doesn't matter like what huge things are happening.
It doesn't matter if the price is down, doesn't matter if the
price is up. Network is growing and the world
is smart enough to realize we have a great solution to a lot
of a lot of our problems. And if we just join this
network, it's going to be much better for us and much better
for people around us. So it's a selfish thing, but
also it's a, it's a revolution, a step towards improving the
world as well. And and you, we simply have to
kind of acknowledge what's going on. 100% and it and it's
monumental. And I would say it's like I, I
wouldn't say it's selfish. I would say it's like Bitcoin's
an aligned incentive structure system.
So the miners acting out of their own self-interest, the
Hodlers, the node operators. And I think it's very difficult
for if you're coming from the Fiat world and it's like, what
do you mean? Everyone could win?
And you're like, yeah, basically.
Like it doesn't mean that everyone has the same purchasing
power like Michael Saylor has. You could leverage his company
and he has billions of dollars, but you're still going to
benefit from that price appreciation just as much as
Michael Saylor. And Michael Saylor is going to
have to buy spot Bitcoin just like everyone else, right?
It's not a system of special privileges and it's a system
with aligned incentives. So anyways, I do want to
continue this conversation, but let's get to the culture real
quick and then we'll continue talking to see.
Now let's check it out. All right everybody, before we
continue to station with CNA to hand it off to Opti, I do want
to give a shout out to our sponsor, the Orange Pull app
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Anyways, Cena, you were on a you know I love that I love it.
You're on a legendary rant. I want to continue that.
I'm going to hand it off to Opti.
I'm sure Opti has some questions prepared and I also do want to
want to give you know where credit is due.
Cena, your resume is quite impressive.
PhD, you're a professor. I saw MIT in your bio as well.
So this is a very intelligent individual who's who's in front
of us today. And he's also the COO of 21st
Capital. So anyways, I just wanted to say
that Opti it's all. Yours.
Yeah, yeah, let's, let's continue this, this, this, this
theme of adoption. And I did pull up a couple
tweets of yours. And I really like this framing
that you put out there, Seema. And it's this idea of the age of
Bitcoin is what matters and not the calendar year.
So can you explain this? And I do have a tweet up here.
So some visuals for the people. Yeah.
So again, I want to go back to to the concept of a network,
right. Bitcoin is a is a vehicle for
storing value and transferring value, and it almost becomes a
social phenomena because it's it's kind of a glue that
connects human beings. And through that we create a
network, right? And networks have this beautiful
property that they are a lot more valuable when a lot more
people join, right? We've all heard about the
network effects, Metcalf's law and the idea that very roughly
speaking, you know, it varies, but it's also strikingly similar
across network that the value of a network is a square of the
size of it. Again, like I said, many ways to
define the size of a network. But if you just look at the
number of addresses that we saw in the previous chart, it's
funny enough that this number of address number explains a lot of
the price growth. And when you run the numbers,
price is price growth is a function of the square of the
number of addresses. There's a multiplier there too,
but it's, it's strikingly similar to what everything,
every everything else we know from other networks.
So it's kind of beautiful theory that that explains Bitcoin gets
more and more valuable as their network grows And, and there is
a lot of volatility and all I see there is the fundamental
growth that's happening. And that growth is attracting a
lot of crazy money to, you know, 100 X leverage guys that want to
get a Lambo next week. And Bitcoin is very fair.
I always say Bitcoin punishes tourists.
And if you're there to just make a quick buck, Bitcoin is going
to have you, you know, leave you disappointed and you're going to
lose your coins. And the people who are in it for
the long run and they've done the homework, they've spent
hours and hours understanding this thing, they will be the
more successful 1 so that there's just poetic justice and
all those bull and bear markets. But if you take a slightly more
quantitative approach to understanding the growth, you
see that again, following the what you expect from network
behavior, Bitcoin's value is very, very much proportional to
its age and age. Again, why is it?
Why does age matter? Because age links to adoption.
And so a value value of one year was a lot more important when
Bitcoin was one year old. So another year would be
doubling the age, but now another year will be just taking
us from 15 to 16 years old, right?
So it's getting kind of less and less significant.
But if you think in terms of age, the value, the price of
Bitcoin is kind of behaving very in a very regular manner as a
function of the age. So if the age, for example, in
that chart I was showing every time the age of Bitcoin has
increased by 40%, the price has 6X.
And you know, there is, it's just striking because, you know,
I analyze a lot of financial data and there's just, you can't
find these regularities in anything else.
You know, and I'm not saying this is exactly going to repeat
in the future. There's a lot of caveats you
have to say before, you know, you, you, you make a claim like
that, but it has done this for the past 15 years and it makes
total sense as it grows. 40% increase in age is as valuable
now as as it was previously, so that's why you get the same
multiplier of growth as time goes by.
So you, I, I, I noticed the, the, there was a a slight price
prediction there. I do want to bring that up.
So Bitcoin grows 6X with every 40% growth in it's age.
It is now 15 years old. The next 40% growth will be in
20-30 and that's a 360 K Bitcoin.
A lot of people would say that is quite bearish.
Yeah, so I was just going to say, I guarantee someone right
now is saying this is this is very bearish.
But but the idea is, you know, if this pattern continues,
that's what we get. That's the math.
And there's nothing that we can do about it, right?
We definitely want a lot more and a lot better, of course.
But and and like I said, there is tons of volatility, right?
This is just talking about continuation of an average
pattern. And but if you add the cycles to
it always, you know, if you look at all these bubbles that
created, they just take the price significantly higher than
a relationship like this would suggest, right?
But it's not going to last for a long time, right?
So you probably see super, super high numbers, but there will be
lots of volatility. And but I'd like to just because
I don't care much about the ups and downs.
I like to think in terms of fundamentals, in terms of growth
and adoption. So what really matters to me is
that red dashed line just keeping keep doing what it's
been doing. Like if that grows, if the
average grows, I don't care if the price goes a lot higher or a
lot lower, as long as it just reverts back to the mean.
But yeah, that's the same relationship which suggests that
another 40% which is 21 years old, 20-30 there, the average
will be this, but you probably have much higher top and perhaps
a little bit lower for the bottom of the bear market that
happens then. Yeah, I, I think this is a low
key kind of bullish because of what I heard is basically 2030
bear market is going to be 360 K like I, I, I, I think we could
live with that. You know, we know it's going.
To go. Higher, but it's going to go
down to 360 K like I, I could get behind this.
I, I think we still have cycle theory playing out for the next
couple of years. So I, I think there's some some
logic to this, but go Nico. I cut you off.
Sorry. There is some other topics here
but Nico flush this out. Yeah, so, and let's talk about
next year. So a lot of people are, you
know, Bitcoins chopping sideways.
You know, a lot of people are getting unmotivated.
And one of the one of the theories that we're hearing this
cycle is this whole idea of diminishing returns.
So people are saying, oh, you know, 2025, yeah, we might peak,
but we'll peak at 100K Bitcoin, 120 K Bitcoin, you know, 200K
Bitcoin. And I think a lot of people
potentially, you know, feel a little bit underwhelmed on on
those price levels. What would be your response to
them? Listen, all I see is not not too
long ago we were at 16 K and everybody was just crying and
there was blood in the street. In a super short amount of time,
we've gone up. What is it like for 57 today?
I think that I think that's quite amazing if you just
learned about Bitcoin when it was like at 75 and after all,
the effect of initial effect of ETFs was priced in and a ton of
excitement was created that that's a little bit, you know,
that's not a great time to enter.
And it's totally understandable for people to to, you know, to
get disappointed when the price is low and it's also choppy.
It's chopping is like one of the hardest things for people to
they wrap their minds around because it goes up and makes you
optimistic and then crashes. And then when it crashes, you
probably get bearish and then next week it goes up.
So it, it kind of makes you think, OK, I was wrong.
A bull market is, you know, resuming, but now next week
again, it crashes. So it plays with people's
psychology and I, you know, in a, in a perverse way, I, it's
kind of funny to watch this, how price action messes up people's
brain. And if you, but if you look at
history, this is nothing new. Like we've had this pattern
every time because Bitcoin is a kind of behaves like a spring
and when it's coiled and compressed, it explodes at once
and then it, it spends a lot of time just getting compressed
again. So compression is very slow and
explosion is very fast. And and that's actually also not
a new concept to Bitcoin. Many financial assets do work
like this. If, if you run the numbers on
S&P 500, you'll probably find that most of the gains come in
like 3-4 days in a year and the rest of the year is just boring
price action. That's that's why, by the way,
that's why huddling is very important and staying invested,
not trying to time the market. You probably can time like
little moves here and there, but you're going to miss the biggest
move, right? So this is exactly what we want.
I mean, after the move from 16 to 75 and right now 57, we want
to spend some time. I mean the market has to absorb
how has to kind of absorb enough capital to make these price
levels sustainable and that's going to form a new bottom for
us. And kind of like you were
saying, the, you know, thinking about the bottom improving is
very important. The bottom is going up, but then
you have a lot of volatility that obfuscates it.
And all I see here is that we're just accumulating more and more
economic energy in the in the system to to form a great basis
and great foundation for the next leg up.
Absolutely. I'm 100% agree with that.
So we are getting close to the top of the hour.
I I. I you want one last question.
And I think this is a good way to end the show because it does
tie into the whole theme of today's show.
We've seen a we've mentioned that you are a professor and I
have this great tweet here. And I think it's going to kind
of like really hammer home this idea of proper economic
education. So just reading this first part,
you said, I began a class showing that business
transactions are not extractive win loss and are value adding
win win activities. And a student came up to you and
said you basically blew her mind.
And this is just emphasizing the importance of proper economic
education. So just tying up today's show
with the theme of it's so easy to gaslight everyone because
they don't understand economics. They're they're economically
illiterate. Can you just end the show on why
you think it's so important for proper economic education?
And then maybe even touch a little bit on what exactly is
that proper economic education. Yeah, listen, you know, the only
reason, as you you guys also very well mentioned in the
beginning, the only reason these politicians can't trick us is
because we are not thinking enough about, you know, the
economic side of things. And a lot of people are not
educated properly. The reason they get excited that
they get a handout for buying certain things.
They get support from the government for down payment on a
house. The reason you get excited about
these things because you don't know where that money is coming
from. What are the implications of it?
The reason we get fooled by Elizabeth Warren saying that
businesses are price gouging and taking advantage of people is
because we don't understand economics properly and and
Marxist socialist ideologies are are kind of doing a lot of
damage here. They're convincing people,
especially poor people that are, you know, truly hurting to think
that the reason that they're suffering is that the other
side, which is the business, is unnecessarily raising the
prices. Why can't you just sell the same
thing to me at a cheaper price? And they're perpetuating this
cycle of, you know, people wanting to steal from the
wealthy. And if you really think about
it, that the price occurs for a reason.
If something is expensive, my question is why isn't another
producer joining the market to to produce it as a cheaper
price? Because if you're, if you're
just gouging the price and it should be a lot lower, there is
money to be made. There is another actor that can
join the economy and produce the same thing at a much lower
price. Everyone will be happy.
The reason it's not happening is either because there's no price
gouging or some crazy lost some crazy rule is preventing another
entrepreneur doing the right thing.
In both cases, we don't need government.
We don't need politicians to put put it, use a hammer and put
pressure on prices to go down. And you don't understand all
these things when you have this framework of extraction.
So when I buy something, the seller is stealing my money.
Now I lost money, they gain money.
That thinking is the philosophy behind socialism, right?
So if that's the case, you always want them to give
everything for free to you. But in the other way to look at
it is if you paid $100 for something, well, you are not
crazy. You, you did it voluntarily.
And that only means you got more value, more than $100 out of
that transaction. So if you analyze it this way,
any economic transaction, if it is voluntary, if now, but nobody
is forcing you to do it, is, is a win win.
So you need more transactions. And if somebody's getting rich
in that kind of free market, it's great.
It's the most ethical thing they could do.
Getting rich means you produced a ton of value for other human
beings. That's respectable.
That means you were just much more helpful to everybody else.
And that's a complete opposite way of, you know, socialist
think and they're training our kids to think incorrectly like
that. 100% Well, This is why, you know, education, Bitcoin
education is so important. The separation of money and
state is so important. I don't think socialism can
exist. I mean, it's in the it's the 5th
tenet of the Communist manifesto, the necessity for a
central bank, right? So I think Bitcoin, you know,
fixes these things for sure. And it also, you know, just
holding Bitcoin, I think it, I think it fixes you, you know,
it, it definitely makes you feel empowered.
It gives you a true appreciation of the value of money.
And you know what, you know what, what money could, what
actually what actual sound money could do for you.
So anyways, we're getting to the top of the hour.
I do want to thank our guests today, Cena from 21st capital.
Cena, what is 20 First Capital? Where could people find it?
What is it about? Who's it for?
So to be brief in at 21st Capital we solve every question
you might have about Bitcoin. So we are an advising company.
A lot of our work is around hand holding people to teach them how
to how to custody their coins. If you have a question about
hardware wallet, if you have a problem with your wallets, if
you have a problem with locating your funds, if you have a
problem with any aspect of purchasing, storing and gaining
sovereignty over your money, we can help.
We also help people with legacy planning.
We also create custom courses. Actually, a a few weeks back, we
just finished a, a course that was designed specifically for a
family. And a highlight of it was after
we finished the course that, which was like in the 50s, he
reached the conclusion that the existing system is a scam, just
like, just like Nico was saying. And so we do education as well.
And then we also have begun putting more and more
quantitative analysis around it. So if you have any any kind of
those questions, reach out to us.
We'd be happy to chat. Absolutely.
I'm going to put it in the chat for you guys as well and in the
video description. And I do want to thank our
guests for joining us today and giving us these awesome
insights. So appreciate you, Cena.
Thank you so much for coming on again.
He's the COO of 21st Capital. Go to 20firstcapital.com today.
And of course, my legendary Cos, Optimus Fields.
This was your episode for September 11th.
I just, I just realized the date and that's pretty sad.
Yeah, yeah. September 11th, 2024 and, and
we're Simply Bitcoin Live. We love you all.
We appreciate everybody and thank you guys so much for
tuning in. And we'll see you on tomorrow,
tomorrow's episode of Simply Bitcoin Live.
Peace out, everybody. You buy bitcoinwell.com, a
Bitcoin only platform, on a mission to enable financial
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