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It's all going to zero against 
Bitcoin. 

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It's going up forever. 
You're against Bitcoin. 

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You're against freedom. 
Yeah. 

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Welcome to another episode of 
Simply Bitcoin Live. 

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We're your number one source for
the peaceful Bitcoin revolution.

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Curler. 
Breaking news culture. 

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Magic, warfare. 
We will be your guide through 

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the separation of money and 
state. 

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Crazy news. 
Michael Saylor. 

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Now, I mean, micro strategy to 
be specific, but we all know 

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it's Michael. 
Say Michael Saylor, behind that 

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strategy, owns 190, 1000 
Bitcoin. 

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He's definitely going for that 
1%. 

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I know in his head he wants 
210,000 Bitcoin. 

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That would make it so that he 
owns one, that 1% of all 

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Bitcoin, which is absolutely 
crazy. 

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He's he's gone nuts. 
He's obviously using his company

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to. 
He's leveraging his company to 

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stack more Bitcoin every single 
month. 

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There's another announcement 
that he's making these huge 

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purchases, and as we'll show 
today, because everyone was 

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waiting for his investor report,
it seemed like it was the 

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winning strategy. 
MicroStrategy has outperformed 

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everything, including Bitcoin, I
might add, since they adopted 

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the Bitcoin strategy in 2020. 
That press conference yesterday 

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was a big deal. 
Also breaking news. 

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We're not going to cover this 
today, but it seems like 

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Fidelity has added a 1% Bitcoin 
allocation to its conservative 

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ETF. 
Right? 

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Which is nuts how fast this is 
accelerating. 

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The Bitcoin price did shoot up 
because of this news it was 

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sitting at. 
I think it was like 40. 

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Forty 2900 shot up to 43,250. 
This is this is nuts. 

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The institutions are here. 
This is one of the big 

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narratives in 20/17/2018. 
One of the coping narratives 

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was, Oh my God, the institutions
are coming. 

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The institutions are coming as 
the price of Bitcoin collapsed 

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in 2018. 
Well, ladies and gentlemen, the 

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institutions are here. 
Make no mistake, You have Larry 

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Fink on TV, you know, saying, 
you know, basically saying all 

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the Bitcoin talking points. 
You have the legacy finance 

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corporate media saying all the 
Bitcoin talking points, right. 

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They all want to get a piece of 
the pie. 

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They cannot resist bitcoins 
incentives. 

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Bitcoin is winning. 
Michael Saylor has been clearly 

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vindicated and you know, this is
going to be a crazy, crazy 

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cycle. 
I'm beyond excited. 

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One of the theories also too was
the theory of diminishing 

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returns, right? 
If bitcoins, you know, follows 

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this diminishing returns theory,
you know it's barely going to 

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break all time highs. 
I think we're going to break 

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that this cycle in my opinion, 
with all this institutional 

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interest, you know, there's only
the fact that there's only 21 

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million, there's a cap supply. 
I think everyone's going to want

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to try to get their hands on 
this thing, especially now that 

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Fidelity put it on the 
conservative ETF like a part of 

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a, you know, a bunch of assets 
and Bitcoin represents 1% of 

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that. 
I mean, that is an absolute game

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changer. 
And I think that's going to show

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to the world that having Bitcoin
on your portfolio, whatever your

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portfolio is, wherever you come 
from, is not an option. 

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It's a necessity because you're 
gonna get left behind by the 

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institutions, by the countries 
that do have Bitcoin on their 

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balance sheet. 
Now from the institutional 

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aspect, from the number go up 
aspect, all of that is very 

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bullish. 
But remember guys, we're your 

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number one source of the 
peaceful Bitcoin revolution. 

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I just got to remind everyone 
guys, if it's not your keys, 

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it's not your cheese, right? 
If it's you don't have your 

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Bitcoin in self custody, it's 
not really yours. 

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So all this news about the ETF 
and all this news about Michael 

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Saylor, all this news about 
Naimbu Kelly, it could be really

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exciting. 
But if you want to benefit this,

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benefit from this, you know, 
5-10, twenty, 30 years from now,

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you want to put pass it on to 
the next generations. 

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You definitely want to have that
sweet, sweet Bitcoin into self 

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custody. 
Also, during the numbers, we're 

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going to literally show you a 
video of the president of the 

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Federal Reserve Bank of 
Minneapolis. 

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You know, explain basically how 
he's skeptical of Bitcoin as a 

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currency. 
It's just it, I find it kind of 

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weird, you know? 
And we have this video of 

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yelling as well. 
We're gonna play it for you guys

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tomorrow. 
You know, she's calling for 

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regulation and whatnot. 
But you know, I I find it weird 

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that the the dinosaurs, so to 
speak. 

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And I don't mean that in a 
derogatory fashion, but, you 

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know, it's it's, you know, this 
is the old system and they're 

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criticizing the new system. 
But who are they to lecture us? 

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Who are they to lecture us? 
They can't, you know, they can't

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not spend money they don't have,
they can't not stop printing 

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money, you know. 
So they might wear the suits. 

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They might hide behind the 
coattails of this, you know, 

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legitimized seal that you know 
has been around for more than 

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100 years. 
But the reality is that central 

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banks, you know, are stealing 
the stealing your purchasing 

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power. 
They're stealing the future from

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your children of your 
grandchildren. 

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That's the reality that, that's 
the reality that people have to 

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00:05:21,560 --> 00:05:24,520
come to terms with. 
Like every time a central bank 

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prints money, it's a wealth 
redistribution mechanisms from 

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the lower and middle classes 
back to the very wealthy that do

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have the means to save an assets
and back to the government. 

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That is the reality. 
That is the reality that the 

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world has to wake up to. 
And I think that's happening. 

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I think the Internet has 
disintermediated information. 

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Yesterday, Tucker Carlson made 
quite a big splash making an 

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announcement that he's going to 
be interviewing the president of

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Russia, Putin, right. 
This is someone that you know, 

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the Western media complex has 
used to say it lightly as a 

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justification to print all this 
money and send all this money to

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to the Ukraine. 
Whether you agree with the war 

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or not, that is not money that 
we can afford to be sending over

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there. 
That's the reality. 

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You know, look at the debt 
clock, look at the deficit 

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spending every single year. 
Like these things are not free. 

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They're coming out of your 
dollars. 

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They're coming If you have 
dollars in the bank account, 

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that is literally where it's 
being siphoned from. 

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And Bitcoin is a silent protest.
That's why we all at the 

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00:06:26,960 --> 00:06:30,680
peaceful Bitcoin revolution and 
saying enough is enough without 

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direct confrontation. 
You're not saying listen no we 

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got to change the dollar and go 
through the political way. 

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It's basically saying like look 
you guys could have that I'm 

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just going to opt out of the 
system entirely by earning, 

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00:06:43,040 --> 00:06:45,920
buying, mining Bitcoin and 
taking that said Bitcoin into 

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00:06:45,920 --> 00:06:47,520
self custody. 
Anyways no more. 

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I do want to bring up my 
legendary Co host also caught 

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00:06:49,800 --> 00:06:52,760
him in a non smile. 
Of course I'm talking about 

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00:06:52,760 --> 00:06:54,440
Optimus Fields. 
There's a smile. 

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What's up dude? 
Dude, nothing much. 

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Nothing much. 
It's almost like the Bitcoin 

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thesis is correct and it is 
happening in real time. 

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I think that Fidelity news is 
probably way bigger story than 

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00:07:06,960 --> 00:07:08,720
Michael Saylor, but we'll cover 
that tomorrow. 

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00:07:08,720 --> 00:07:10,400
Sailors just taking all the 
sats. 

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00:07:10,400 --> 00:07:14,720
Guys, I hope you guys are still 
stacking because man, I really 

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wish, Nico, we could do the same
playbook with simply Bitcoin. 

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That would be pretty lit, you 
know, We'd be stacking a lot of 

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00:07:19,760 --> 00:07:25,200
sats, but hey, we can all be as.
What is the same playbook? 

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00:07:25,200 --> 00:07:27,480
What are you talking? 
About, you know sell some shares

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00:07:27,480 --> 00:07:32,480
and yeah, I. 
Mean, dude. 

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It's really clever. 
I mean, but you could. 

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OK, technically you could do 
this if you own an asset, right?

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And if you own a large portion 
of it, whether it's a house or a

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bunch of stocks, technically you
can take a loan against it. 

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I don't recommend it. 
That's called leverage by the 

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way for anyone who doesn't know.
But you know, you could do that.

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00:07:52,920 --> 00:07:56,160
Technically you could do that. 
You know, there may be some high

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00:07:56,160 --> 00:07:58,000
net worth individuals are 
watching. 

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You know, you do have the 
opportunity to do that. 

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Anyways, I do want to bring up 
our for today, we got Sally in 

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the house. 
Unfortunately, he has, he does 

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00:08:07,480 --> 00:08:10,880
not have any chickens on. 
No chickens today, which is 

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00:08:10,880 --> 00:08:13,440
quite disappointing. 
But how you doing, Sally? 

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00:08:14,520 --> 00:08:15,560
I'm good. 
How you guys doing? 

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00:08:16,240 --> 00:08:17,360
Good, dude. 
Welcome to the show. 

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What are we gonna talk about 
during the Culture, Opti? 

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00:08:20,760 --> 00:08:23,160
Yeah, yeah. 
So Sally hit me up the other 

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00:08:23,160 --> 00:08:25,160
day. 
He is working on a bunch of cool

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projects. 
So today we're going to be 

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00:08:26,680 --> 00:08:30,560
talking about Stack Chain Mag, 
the sister company or brother 

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00:08:30,560 --> 00:08:33,440
company Proof of Ink. 
And then I think, I think I'm 

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00:08:33,440 --> 00:08:37,280
going to touch on Sally kind of 
hinted at something that he's 

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working on. 
I think we're going to touch on,

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you know, working in Bitcoin. 
So that's probably the theme of 

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00:08:42,080 --> 00:08:45,840
today, working with Bitcoiners 
doing cool stuff and, you know, 

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00:08:45,840 --> 00:08:49,320
working in Bitcoin and figuring 
out how you can get paid to work

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for Bitcoin. 
Absolutely, 100% guys, If you 

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00:08:53,440 --> 00:08:56,320
are enjoying the show, it really
helps with the algos, really 

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00:08:56,320 --> 00:08:58,800
help us push the peaceful 
Bitcoin revolution. 

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If you're watching on YouTube, 
If you're watching on Rumble, If

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00:09:01,480 --> 00:09:05,560
you're watching on. 
If you're watching on Twitter or

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00:09:05,560 --> 00:09:08,480
X, If you're watching us on or 
you're listening to us on the 

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00:09:08,480 --> 00:09:10,400
audio platforms, leave us a good
review. 

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00:09:10,400 --> 00:09:12,560
Smash that, like button, smash 
it, smash it. 

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00:09:12,560 --> 00:09:15,160
Smash it takes literally 2 
seconds, but really, really 

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helps with the algos. 
And of course, we really, really

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00:09:17,320 --> 00:09:19,360
appreciate it. 
Anyways, guys, no more delay. 

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00:09:19,360 --> 00:09:20,400
Let's jump straight into the 
show. 

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00:09:20,400 --> 00:09:24,680
Before we do that, I do want to 
give a shout out to our new 

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00:09:24,680 --> 00:09:28,960
flagship sponsor, the Bitcoin. 
Well by Real Bitcoin. 

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00:09:28,960 --> 00:09:32,720
Bitcoin Wells, the self custody 
Bitcoin platform on a mission to

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00:09:32,720 --> 00:09:36,960
enable independence. 
This is the first Bitcoin on 

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00:09:36,960 --> 00:09:41,160
ramp in the United States. 
They just went live in all fifty

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00:09:41,200 --> 00:09:45,280
U.S. states that offers self 
custody by default. 

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00:09:45,280 --> 00:09:48,040
That's right, you can't just 
leave by Bitcoin and leave that 

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00:09:48,040 --> 00:09:50,960
Bitcoin on the platform. 
They encourage you, they 

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00:09:50,960 --> 00:09:54,200
incentivize you to take self 
custody. 

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00:09:54,200 --> 00:09:57,960
So guys, I highly recommend go 
check out Bitcoin. 

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00:09:57,960 --> 00:10:01,960
Well, all you got to go to 
isbitcoinwell.com, put in your 

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00:10:01,960 --> 00:10:04,560
e-mail, get started, get on the 
mission. 

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00:10:04,680 --> 00:10:07,760
This is how we win this thing. 
Bitcoin coin in self custody. 

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00:10:07,960 --> 00:10:09,800
All right everybody, let's get 
to the numbers. 

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00:10:09,800 --> 00:10:11,280
We got a lot to talk about. 
Let's check it out. 

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00:10:13,160 --> 00:10:16,880
The Bitcoin numbers. 
Is your Bitcoin in cold storage 

197
00:10:16,880 --> 00:10:19,880
really secure? 
Is your seed phrase really 

198
00:10:19,880 --> 00:10:21,440
secure? 
Stamp seeds? 

199
00:10:21,440 --> 00:10:24,120
Do it yourself. 
Kit has everything you need to 

200
00:10:24,120 --> 00:10:28,520
hammer your seed words into 
commercial grade titanium plates

201
00:10:28,720 --> 00:10:30,720
instead of just writing them on 
paper. 

202
00:10:31,000 --> 00:10:34,200
Don't store your generational 
wealth on paper. 

203
00:10:34,600 --> 00:10:37,160
Papers prone to water damage, 
fire damage. 

204
00:10:37,360 --> 00:10:39,560
You want to put your 
generational wealth on one of 

205
00:10:39,560 --> 00:10:42,680
the strongest metals on planet 
earth, Titanium. 

206
00:10:42,680 --> 00:10:45,840
Your words are actually stamped 
into this metal plate with this 

207
00:10:45,840 --> 00:10:49,280
hammer and these letter stamps. 
And once your words are in, they

208
00:10:49,280 --> 00:10:52,200
aren't going anywhere. 
No risk of the plate breaking 

209
00:10:52,200 --> 00:10:54,600
apart and pieces falling 
everywhere. 

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00:10:54,760 --> 00:10:58,040
Titanium stamp seeds will 
survive nearly triple the heat 

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00:10:58,040 --> 00:11:00,520
produced by a house fire. 
They're also crush proof, 

212
00:11:00,520 --> 00:11:03,200
waterproof, non corrosive, and 
time proof. 

213
00:11:03,200 --> 00:11:05,880
All things that paper is not 
allowing you to huddle your 

214
00:11:05,880 --> 00:11:08,880
Bitcoin with Peace of Mind for 
the long haul. 

215
00:11:09,040 --> 00:11:14,480
Stamp your seed on stamp seed. 
All right guys, I made it 

216
00:11:14,480 --> 00:11:17,920
incredibly for you guys. 
You could scan the QR code on 

217
00:11:17,920 --> 00:11:20,920
your screen right now. 
Take you directly to the Stamp 

218
00:11:20,920 --> 00:11:25,320
Seed website where you can use 
promo code simply to get 15% off

219
00:11:25,320 --> 00:11:29,280
anything on their website. 
Don't put yourself in a position

220
00:11:29,280 --> 00:11:31,760
where you have to explain to 
your grandchildren why you lost 

221
00:11:31,760 --> 00:11:34,280
your generation of wealth 
because you didn't properly back

222
00:11:34,280 --> 00:11:36,520
up your Bitcoin wallet seed 
words. 

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00:11:36,720 --> 00:11:38,640
Anyways, at the time of 
recording the Bitcoin price is 

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00:11:38,640 --> 00:11:46,640
43,480 SATS per dollar 2300 
block height 829,398 blocks to 

225
00:11:46,640 --> 00:11:51,680
having 10,602 having estimate 
April 19, 2024. 

226
00:11:51,880 --> 00:11:54,960
Total Lightning Network capacity
4942. 

227
00:11:54,960 --> 00:11:59,400
Bitcoin Capacity Value 214 
million Realized monetary 

228
00:11:59,400 --> 00:12:05,560
inflation 1.75% The market 
capitalization of Bitcoin 853 

229
00:12:05,800 --> 00:12:09,400
billion U.S. dollars. 
Bitcoin versus gold market cap 

230
00:12:09,400 --> 00:12:14,920
6.19% In the grand scheme of 
things, Bitcoin is still a baby.

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00:12:15,200 --> 00:12:18,280
Anyways, I do want to give you 
guys a quick ETF update. 

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00:12:18,280 --> 00:12:21,920
We're going to be doing this on 
a daily basis to see how much 

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00:12:21,920 --> 00:12:25,040
Bitcoin these ETFs have gobbled 
up. 

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00:12:25,360 --> 00:12:31,280
So the iShares Bitcoin trust. 
Yesterday it had 75,000 Bitcoin.

235
00:12:31,280 --> 00:12:35,840
It's up to 76,750. 
That's how much Bitcoin 

236
00:12:35,840 --> 00:12:39,120
BlackRock is currently holding 
for their customers. 

237
00:12:39,240 --> 00:12:43,520
That represents .365% of the 
total Bitcoin supply. 

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00:12:43,720 --> 00:12:51,360
The Fidelity Wise Origin Bitcoin
ETF is currently holding 63,662.

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00:12:51,560 --> 00:12:55,440
That's an uptick of 1000 from 
the day before. 

240
00:12:55,440 --> 00:13:00,840
Yesterday was at 62,000 and that
represents .3% of the total 

241
00:13:00,840 --> 00:13:03,200
supply. 
So these ETFs are obviously 

242
00:13:03,200 --> 00:13:05,960
gobbling all this up. 
The halving is around the 

243
00:13:05,960 --> 00:13:07,920
corner. 
There's not enough Bitcoin to go

244
00:13:07,920 --> 00:13:09,120
around. 
That's to be blunt. 

245
00:13:09,360 --> 00:13:10,960
And take a look at 
MicroStrategy. 

246
00:13:11,120 --> 00:13:15,120
With 190,000 Bitcoin, they're 
getting close to that 1%. 

247
00:13:15,120 --> 00:13:22,280
They're sitting at .93 point 9% 
and they've already 1.39 X their

248
00:13:22,280 --> 00:13:25,800
initial investment, Michael 
Saylor being an absolute Chad. 

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00:13:25,800 --> 00:13:29,240
Anyways, what I do want to talk 
about today is this video coming

250
00:13:29,240 --> 00:13:32,360
out of the president of the 
Federal Reserve Bank of 

251
00:13:32,360 --> 00:13:37,480
Minneapolis, Neil Kashaki. 
Kashak Curry explains why he is 

252
00:13:37,480 --> 00:13:40,080
skeptical of Bitcoin as a 
currency. 

253
00:13:40,080 --> 00:13:41,320
So I'm going to play it for you 
guys. 

254
00:13:41,320 --> 00:13:43,040
Maybe you agree with him, maybe 
you don't. 

255
00:13:43,560 --> 00:13:46,200
Let's check out the video and 
then we'll talk about it skeptic

256
00:13:46,400 --> 00:13:47,760
about cryptocurrencies like 
Bitcoin. 

257
00:13:48,520 --> 00:13:50,240
Can you explain your concern? 
Yeah. 

258
00:13:50,240 --> 00:13:51,840
So I travel around and I do 
talks like this. 

259
00:13:51,840 --> 00:13:54,520
I do a lot in universities and 
inevitably in the university 

260
00:13:54,520 --> 00:13:56,560
context, there are a number of 
students who want to ask me 

261
00:13:56,560 --> 00:13:58,800
about Bitcoin. 
And I always ask them, has 

262
00:13:58,800 --> 00:14:02,080
anybody in this room ever bought
something with Bitcoin? 

263
00:14:02,120 --> 00:14:05,200
Not bought Bitcoin, bought 
something using Bitcoin as a 

264
00:14:05,200 --> 00:14:07,640
currency. 
I mean, a sandwich, a computer, 

265
00:14:07,760 --> 00:14:10,320
a book, anything. 
Anybody ever bought anything 

266
00:14:10,320 --> 00:14:12,480
using Bitcoin as a currency? 
No, I've never met somebody 

267
00:14:12,600 --> 00:14:14,120
who's bought something using 
Bitcoin as a currency. 

268
00:14:14,480 --> 00:14:16,720
So I always ask, what problem is
this trying to solve? 

269
00:14:17,040 --> 00:14:19,600
Well, first I heard, well, it's 
an inflation hedge. 

270
00:14:20,200 --> 00:14:23,160
Well then when we had this big 
inflation spike, I said darn it,

271
00:14:23,600 --> 00:14:25,920
we're going to make these 
Bitcoin guys feel like they were

272
00:14:25,920 --> 00:14:27,160
right. 
But then it turned out 

273
00:14:27,160 --> 00:14:29,200
inflation, or Bitcoin was a 
terrible inflation hedge. 

274
00:14:29,320 --> 00:14:31,280
When we raised interest rates, 
Bitcoin got crushed. 

275
00:14:31,520 --> 00:14:34,200
It's just another risky asset. 
So if you want to spend your 

276
00:14:34,200 --> 00:14:37,920
money buying Beanie Babies or 
Pez dispensers or Bitcoin, knock

277
00:14:37,920 --> 00:14:41,720
yourself out, OK? 
But it's now been 10 plus years 

278
00:14:41,880 --> 00:14:45,560
and nobody has been able to 
articulate any actual utility in

279
00:14:45,560 --> 00:14:48,120
the real world other than an 
article of speculation. 

280
00:14:48,480 --> 00:14:49,600
I'm not opposed to Beanie 
Babies. 

281
00:14:49,760 --> 00:14:51,080
I'm not opposed to Pez 
dispensers. 

282
00:14:51,320 --> 00:14:54,480
I am opposed to Americans taking
their hard earned money and 

283
00:14:54,480 --> 00:14:56,640
being duped into investing in 
something and not realizing 

284
00:14:56,640 --> 00:14:58,400
they're buying a Beanie Baby 
thinking they're buying 

285
00:14:58,400 --> 00:14:59,840
something else. 
I'll give you 1 little example. 

286
00:14:59,840 --> 00:15:02,600
I've used this before. 
I said my wife is from the 

287
00:15:02,600 --> 00:15:03,840
Philippines. 
One time we went to visit her 

288
00:15:03,840 --> 00:15:07,040
family in the Philippines, we 
landed at customs at LAX. 

289
00:15:07,360 --> 00:15:09,120
I was going through customs. 
I was tired. 

290
00:15:09,480 --> 00:15:11,400
The customs officer said what do
you do for a living? 

291
00:15:11,720 --> 00:15:12,960
And I said I work at the Federal
Reserve. 

292
00:15:13,160 --> 00:15:15,400
And he said, oh, do you know 
about Bitcoin? 

293
00:15:15,400 --> 00:15:20,320
And I said, I know something. 
And he said, my good buddy just 

294
00:15:20,320 --> 00:15:22,000
took out a home equity loan to 
buy Bitcoin. 

295
00:15:22,120 --> 00:15:24,640
Should I do that? 
And I said, you know, I'm not 

296
00:15:24,640 --> 00:15:26,600
supposed to give investment 
advice, but do not do that 

297
00:15:26,880 --> 00:15:28,760
unless you want to risk losing 
your home. 

298
00:15:29,320 --> 00:15:30,800
So that's where that's why I'm 
concerned about it. 

299
00:15:32,400 --> 00:15:35,600
So I mean a lot to unpack there,
first of all, first thing he 

300
00:15:35,600 --> 00:15:38,480
said, which was, have you ever 
met someone? 

301
00:15:38,480 --> 00:15:39,720
Yes, I actually bought 
something. 

302
00:15:39,720 --> 00:15:41,480
I'm not going to tell you guys 
what it is, but I actually 

303
00:15:41,480 --> 00:15:43,240
bought something with Bitcoin 
this morning. 

304
00:15:43,960 --> 00:15:46,960
No, it wasn't drugs. 
It wasn't anything legal, Opti, 

305
00:15:47,880 --> 00:15:49,840
But no, I actually bought 
something with Bitcoin this 

306
00:15:49,840 --> 00:15:52,440
morning. 
I've purchased many things with 

307
00:15:52,440 --> 00:15:55,000
Bitcoin. 
Now to be frank and to be blunt 

308
00:15:55,000 --> 00:16:01,240
with you guys, it's not as easy 
as using Apple Pay. 

309
00:16:01,440 --> 00:16:04,840
Just not Lightning is not quite 
there yet. 

310
00:16:04,840 --> 00:16:07,480
Wallet of Satoshi was a great 
attempt, even though it's 

311
00:16:07,480 --> 00:16:09,600
custodial. 
I hear hear that a million 

312
00:16:09,600 --> 00:16:12,480
times, but holy cow, was that 
thing convenient. 

313
00:16:13,800 --> 00:16:16,320
You know, obviously they pulled 
out of the US for the regulatory

314
00:16:16,320 --> 00:16:20,280
environment. 
So you know, lining is, is is 

315
00:16:20,280 --> 00:16:22,400
getting built. 
Hopefully it gets to that point.

316
00:16:22,720 --> 00:16:24,480
You know, liquid is great, 
right? 

317
00:16:24,720 --> 00:16:29,000
But I've used, you know, on 
chain Bitcoin to make purchases 

318
00:16:29,000 --> 00:16:31,760
before. 
Is it convenient? 

319
00:16:32,960 --> 00:16:37,120
I would say in some situations 
it's actually a lot more 

320
00:16:37,120 --> 00:16:40,400
convenient than using dollars. 
Now here's the thing, though. 

321
00:16:40,520 --> 00:16:43,520
When I spend dollars, it doesn't
hurt. 

322
00:16:43,520 --> 00:16:47,080
When I spend Bitcoin, it hurts. 
Because I know that. 

323
00:16:47,080 --> 00:16:50,560
And this actually is a perfect 
segue to the second point that 

324
00:16:50,560 --> 00:16:54,000
he was trying to make, which was
a sign, an inflation hedge. 

325
00:16:54,240 --> 00:16:56,920
Well, like, it depends on the 
timeline. 

326
00:16:57,200 --> 00:17:03,200
So like if you're actually like 
looking out like he lied like 

327
00:17:03,200 --> 00:17:05,280
that, that was a that was just a
lie. 

328
00:17:05,280 --> 00:17:10,560
What he just said compared to 
the dollar like this, this is 

329
00:17:10,560 --> 00:17:13,240
just I'll read you the one year 
term, the three-year term and 

330
00:17:13,240 --> 00:17:15,960
the five year term. 
We referenced this website so 

331
00:17:15,960 --> 00:17:20,240
many times if you've been saving
in Bitcoin, right. 

332
00:17:20,240 --> 00:17:23,839
This is why we don't advocate 
for trading the dollars actually

333
00:17:23,839 --> 00:17:29,280
got in 92% cheaper, oil has got 
an 86% cheaper, gold, 84% 

334
00:17:29,280 --> 00:17:33,320
cheaper, S&P 585% cheaper. 
That that part I want you guys 

335
00:17:33,320 --> 00:17:37,480
to remember the S&P 500. 
You want to know why the spot 

336
00:17:37,480 --> 00:17:42,880
Bitcoin ETFs got into the top 10
out of 30 out of 3100 ETFs in 

337
00:17:42,880 --> 00:17:45,040
the United States. 
You want to know the reason 

338
00:17:45,560 --> 00:17:48,320
because of that. 
People are starting to realize 

339
00:17:48,320 --> 00:17:54,960
that, and there's no amount of 
suit and hubris and elitism that

340
00:17:54,960 --> 00:17:57,760
is going to cover the mere fact 
that this thing is just a 

341
00:17:57,760 --> 00:18:02,440
superior asset. 
If you hold Bitcoin, it's a 

342
00:18:02,440 --> 00:18:05,160
better way to save money, 
especially if you take self 

343
00:18:05,160 --> 00:18:08,600
custody. 
That's just that's just the 

344
00:18:08,600 --> 00:18:09,720
fact. 
That's just the truth. 

345
00:18:10,400 --> 00:18:15,320
A house 78% cheaper in in Miami 
housing has increased by over 

346
00:18:15,320 --> 00:18:18,600
100% when they started printing 
all that money due to due to the

347
00:18:18,600 --> 00:18:22,440
pandemic. 
If and I have been saving 

348
00:18:22,440 --> 00:18:25,920
Bitcoin, things have gotten 
cheaper and they will continue 

349
00:18:25,920 --> 00:18:29,320
to get cheaper over time. 
Now that's where the government 

350
00:18:29,600 --> 00:18:31,920
and government officials and Fed
officials and central bank 

351
00:18:31,920 --> 00:18:35,960
officials, they nitpick, right? 
They nitpick. 

352
00:18:35,960 --> 00:18:37,840
They're like, oh, the 
volatility. 

353
00:18:37,840 --> 00:18:41,800
Yeah, maybe on a one year time 
scale, but you can't have these 

354
00:18:41,800 --> 00:18:45,640
crazy gains. 
You can't go from Bitcoin in the

355
00:18:45,640 --> 00:18:51,800
beginning of 2017 to being, you 
know, $1000 January 2017 to, you

356
00:18:51,800 --> 00:18:55,160
know, a couple years later, 
seven years later, where we're 

357
00:18:55,160 --> 00:18:59,200
sitting pretty at 43,485. 
The all time high was 69,000. 

358
00:18:59,400 --> 00:19:04,720
You can't have those types of 
movements without volatility. 

359
00:19:05,160 --> 00:19:08,720
It comes with the territory. 
But that's why we always 

360
00:19:08,720 --> 00:19:15,520
advocate for Bitcoin is savings.
So I think he's wrong on 2/2 

361
00:19:15,520 --> 00:19:18,080
points. 
I think I've used many, many 

362
00:19:18,080 --> 00:19:21,520
times. 
I've used Bitcoin to purchase 

363
00:19:21,520 --> 00:19:24,000
things. 
I'm sure Opti has used things to

364
00:19:24,000 --> 00:19:27,000
purchase things. 
I'm sure Sally has used Bitcoin 

365
00:19:27,000 --> 00:19:30,880
to purchase things. 
Now does that mean that current 

366
00:19:31,040 --> 00:19:36,800
Bitcoin, you know, apps and 
technology is as it depends 

367
00:19:36,800 --> 00:19:38,760
really where you are in the 
world, right? 

368
00:19:39,000 --> 00:19:42,240
But is it as convenient as using
Apple Pay? 

369
00:19:42,240 --> 00:19:46,360
Is it as convenient as using 
Zelle and PayPal and all that 

370
00:19:46,360 --> 00:19:47,760
stuff? 
I I don't. 

371
00:19:47,880 --> 00:19:50,760
I personally, I don't think it's
as convenient as Apple Pay. 

372
00:19:50,920 --> 00:19:54,360
I just don't that that that 
haptic feedback, like that shit 

373
00:19:54,360 --> 00:19:55,920
feels good. 
Like, I'm not going to lie, 

374
00:19:56,400 --> 00:19:58,400
yeah, it makes you feel good for
paying for stuff. 

375
00:19:58,760 --> 00:20:03,080
So yeah, until Bitcoin gets to 
that level of convenience and 

376
00:20:03,080 --> 00:20:06,640
this is just the way that human 
beings work, right, I think we 

377
00:20:06,640 --> 00:20:09,480
have an uphill battle. 
But this is where, you know, 

378
00:20:09,480 --> 00:20:12,920
there this creates a great 
opportunity for Bitcoin 

379
00:20:12,920 --> 00:20:17,360
entrepreneurs, we know a lot of 
them, to try to solve this 

380
00:20:17,360 --> 00:20:19,360
problem. 
Like that's you know, that's the

381
00:20:19,360 --> 00:20:22,880
problem that needs to be solved.
Because I don't care about the 

382
00:20:22,880 --> 00:20:26,600
ideological reasons like yeah, I
love Bitcoin as savings. 

383
00:20:26,720 --> 00:20:29,080
I do and I and I save in 
Bitcoin. 

384
00:20:29,320 --> 00:20:34,520
But as until Bitcoin becomes as 
convenient to use you know 

385
00:20:34,520 --> 00:20:38,520
specifically in in in countries 
that have relatively Fiat 

386
00:20:38,520 --> 00:20:42,200
current a relatively stable Fiat
currencies, I don't think you're

387
00:20:42,200 --> 00:20:44,200
going to see a lot of people 
opting into that. 

388
00:20:44,600 --> 00:20:49,440
I think right now it's in the in
the store of value phase and 

389
00:20:49,440 --> 00:20:53,920
it's proving itself. 
And I think over time what we're

390
00:20:53,920 --> 00:20:57,920
going to see is it's going to 
transition to a means of 

391
00:20:57,920 --> 00:20:59,520
payment. 
I don't think we're we're there 

392
00:20:59,520 --> 00:21:01,480
yet. 
I think that there's a lot of 

393
00:21:01,480 --> 00:21:04,320
work to be done on Lightning, 
there's a lot of work to be done

394
00:21:04,640 --> 00:21:07,560
on you know second layer 
solutions and that's the 

395
00:21:07,560 --> 00:21:10,200
reality. 
But I have used it as a means of

396
00:21:10,200 --> 00:21:12,120
payment. 
I've used it multiple times as a

397
00:21:12,120 --> 00:21:15,240
means of payment. 
So that's BS and the whole thing

398
00:21:15,240 --> 00:21:18,720
where it's not an inflation 
edge, maybe not on a, you know, 

399
00:21:18,720 --> 00:21:23,040
on a short term, one year time 
scale, but if you zoom out three

400
00:21:23,040 --> 00:21:27,160
years, four years, it absolutely
crushes the dollar. 

401
00:21:27,440 --> 00:21:29,760
It's saving. 
It saves your purchasing power 

402
00:21:29,760 --> 00:21:31,440
like no other. 
And you know what? 

403
00:21:31,440 --> 00:21:35,320
Actions speak louder than words.
This isn't just me saying this 

404
00:21:35,320 --> 00:21:38,480
anymore. 
You had Larry Fink, the CEO of 

405
00:21:38,480 --> 00:21:42,080
the largest asset manager in the
world, go on the legacy 

406
00:21:42,080 --> 00:21:45,400
financial media and literally 
say that Bitcoin is a flight to 

407
00:21:45,400 --> 00:21:47,720
quality, right. 
So it's not me saying this 

408
00:21:47,720 --> 00:21:49,400
anymore. 
It's not just a crazy bunch of 

409
00:21:49,400 --> 00:21:52,000
bitcoiners on the Internet. 
You know, you have some very, 

410
00:21:52,000 --> 00:21:55,440
very powerful people saying that
Opti's patrolling me saying 

411
00:21:55,440 --> 00:21:58,080
Nico's a Fiat maxi. 
You know what dude? 

412
00:21:58,080 --> 00:22:00,480
Like, I'm not going to lie, 
like, hey, this is a call to 

413
00:22:00,480 --> 00:22:01,920
action. 
I hope there's a Bitcoin 

414
00:22:01,920 --> 00:22:06,360
entrepreneur out there that 
makes paying in Bitcoin feel as 

415
00:22:06,360 --> 00:22:08,560
good and as convenient as Apple 
Pay. 

416
00:22:08,560 --> 00:22:12,120
Because until we get there, you 
know we're behind, right? 

417
00:22:12,120 --> 00:22:14,200
There's great companies that are
trying to tackle the like. 

418
00:22:14,200 --> 00:22:17,600
The strike product is great. 
Full just made an announcement 

419
00:22:17,600 --> 00:22:23,240
yesterday about converting your 
Bitcoin to dollars to make it 

420
00:22:23,240 --> 00:22:27,240
easier to live on a on a Bitcoin
standard with with with a debit 

421
00:22:27,240 --> 00:22:29,440
card. 
So there's this is clearly a 

422
00:22:29,440 --> 00:22:33,000
problem that needs to be solved.
Like, I'm not saying it any 

423
00:22:33,000 --> 00:22:36,000
other way. 
So, yeah, I mean, look, I think 

424
00:22:36,000 --> 00:22:38,960
that's that's cope from that, 
you know that president, you 

425
00:22:38,960 --> 00:22:42,360
know, I think he's on team Fiat 
and obviously he's gonna, you 

426
00:22:42,360 --> 00:22:44,920
know, be cheerleading for Team 
Fiat. 

427
00:22:44,920 --> 00:22:46,880
That's my opinion. 
Anyways, Opti, what's your take 

428
00:22:46,880 --> 00:22:49,680
on all this? 
Yeah, I mean, his name is 

429
00:22:49,680 --> 00:22:53,120
literally Neel Kashkari. 
Like, of course he's going to be

430
00:22:53,120 --> 00:22:56,800
against Bitcoin and and let's 
not forget and let and let's not

431
00:22:56,800 --> 00:22:59,360
forget that this guy was on 60 
minutes. 

432
00:22:59,360 --> 00:23:01,560
I forget when it was like a year
ago, two years ago. 

433
00:23:01,560 --> 00:23:03,600
Coincidence. 
By the way, that his name is 

434
00:23:03,600 --> 00:23:04,920
Neel, yeah? 
Whatever. 

435
00:23:04,920 --> 00:23:06,360
Whatever you heard a. 
Joke about it. 

436
00:23:06,360 --> 00:23:09,000
That's fine, yeah. 
Whatever you you know, hey I 

437
00:23:09,000 --> 00:23:13,240
like words and and they they 
they're signaling them Anyway 

438
00:23:13,280 --> 00:23:15,840
this remember this guy was on 60
minutes. 

439
00:23:15,840 --> 00:23:17,360
I I think it was like 2 years 
ago now. 

440
00:23:17,360 --> 00:23:19,760
I forget when it was. 
It was around 2020 ish. 

441
00:23:20,640 --> 00:23:23,480
And remember what he said guys 
you guys can go find the clip. 

442
00:23:23,760 --> 00:23:27,160
He was literally sitting there 
saying, Oh yeah, we can print an

443
00:23:27,160 --> 00:23:31,560
infinite amount of dollars to 
solve any problem out there and 

444
00:23:31,560 --> 00:23:35,360
and this guy is what head of the
Minneapolis Fed like this guy is

445
00:23:35,360 --> 00:23:38,360
a Fiat maxi confirm. 
Like, I I really don't know why 

446
00:23:38,360 --> 00:23:40,040
we even listen to people like 
this. 

447
00:23:40,040 --> 00:23:42,880
I mean, like I've been saying 
for a while, if if people 

448
00:23:42,880 --> 00:23:46,360
haven't directly experienced 
Bitcoin, if they haven't used 

449
00:23:46,360 --> 00:23:49,120
Bitcoin, then like, why are we 
even listening to anything 

450
00:23:49,120 --> 00:23:51,360
they're saying? 
Like if they haven't experienced

451
00:23:51,360 --> 00:23:54,360
the benefits of Bitcoin, then in
my opinion, like if they haven't

452
00:23:54,360 --> 00:23:57,720
even sent a transaction, in my 
opinion, their opinion is 

453
00:23:57,720 --> 00:24:02,000
worthless anyways. 
Like the fact that this guy Neel

454
00:24:02,000 --> 00:24:05,320
Kashkari, the guy who said he 
can print infinite amount of 

455
00:24:05,320 --> 00:24:09,600
dollars to basically secure the 
financial system is telling us 

456
00:24:09,640 --> 00:24:13,680
that oh Bitcoin is worthless. 
Like this is the very reason why

457
00:24:13,680 --> 00:24:16,240
we Bitcoin in the 1st place, a 
hard cap supply, digital 

458
00:24:16,240 --> 00:24:18,320
scarcity. 
This is why we Bitcoin is 

459
00:24:18,320 --> 00:24:21,360
because they can print infinite 
amounts of dollars. 

460
00:24:21,360 --> 00:24:23,360
So again, like, why are we 
listening to this guy? 

461
00:24:23,360 --> 00:24:26,800
And then on the point of like, 
oh, no one's using Bitcoin as a 

462
00:24:26,800 --> 00:24:29,480
means of exchange. 
Like, man, first it's got to be 

463
00:24:29,480 --> 00:24:31,560
a store of value. 
It's shown that it's a store of 

464
00:24:31,560 --> 00:24:33,800
value. 
And you see in real time that it

465
00:24:33,800 --> 00:24:36,200
is starting to proliferate as a 
means of exchange. 

466
00:24:36,400 --> 00:24:38,640
Like, of course I've bought 
things with Bitcoin. 

467
00:24:38,640 --> 00:24:40,240
I buy things with Bitcoin all 
the time. 

468
00:24:40,480 --> 00:24:44,880
I find using Bitcoin way easier 
than using the Fiat payment 

469
00:24:44,880 --> 00:24:46,960
rails. 
Like even the very fact of just 

470
00:24:46,960 --> 00:24:50,400
like scanning a QR code and 
sending Bitcoin to me is much 

471
00:24:50,400 --> 00:24:54,040
simpler than having to type in 
all my, you know, information, 

472
00:24:54,040 --> 00:24:55,400
my card or whatever, even Apple 
Pay. 

473
00:24:55,520 --> 00:24:58,240
I love Apple Pay and hence why I
used them with my boys over at 

474
00:24:58,240 --> 00:25:01,600
the Bitcoin company. 
But Bitcoin in my opinion is a 

475
00:25:01,600 --> 00:25:05,760
way superior payment rail than 
traditional financial payment 

476
00:25:05,760 --> 00:25:08,200
rails. 
And nothing they say coming out 

477
00:25:08,200 --> 00:25:10,080
of the Fed is going to stop me 
from using Bitcoin. 

478
00:25:10,080 --> 00:25:13,680
Nothing, Neel Kashkari says, is 
going to stop me from saving in 

479
00:25:13,680 --> 00:25:16,240
Bitcoin. 
Obviously this guy is a Fiat 

480
00:25:16,240 --> 00:25:20,840
maxi and he's thinking about his
position and his job at the Fed.

481
00:25:21,040 --> 00:25:25,000
He realizes that the the private
market, the private sector is 

482
00:25:25,000 --> 00:25:27,840
going to outperform him and they
are. 

483
00:25:27,840 --> 00:25:31,000
And yes, you know, even though 
I'm trolling Nico about the fact

484
00:25:31,000 --> 00:25:36,840
that he's he's starting to sound
very, very, I don't know, I'm. 

485
00:25:36,920 --> 00:25:39,440
Jaded I'm jaded, bro. 
I'm jaded the. 

486
00:25:39,440 --> 00:25:42,720
Coin Fiat apologist over here. 
Last day was Friday. 

487
00:25:42,720 --> 00:25:44,920
Now he's saying this on 
Wednesday. 

488
00:25:44,920 --> 00:25:46,720
Nico, you're going down the 
moment the. 

489
00:25:47,320 --> 00:25:49,920
The moment that the sorry not 
cash up. 

490
00:25:49,920 --> 00:25:53,280
The moment that Wallet of 
Satoshi, you know, discontinued,

491
00:25:53,280 --> 00:25:55,440
and I still have it downloaded 
on my phone, But the fact that 

492
00:25:55,520 --> 00:25:58,080
you can't just download and 
start using it, you know, I'm 

493
00:25:58,080 --> 00:26:00,400
not going to lie, that was very 
discouraging. 

494
00:26:00,800 --> 00:26:03,720
Like, I'll be honest with you, 
it's extremely discouraging that

495
00:26:03,720 --> 00:26:06,720
that happened. 
So yeah, man, I mean, look, it 

496
00:26:06,720 --> 00:26:09,200
is what it is. 
That's my take. 

497
00:26:09,560 --> 00:26:11,760
Sally. 
What's What's your What's your 

498
00:26:11,760 --> 00:26:14,160
take on this, bro? 
Were were you a fan of Waldo of 

499
00:26:14,160 --> 00:26:20,440
Satoshi Sally? 
Are you there? 

500
00:26:20,440 --> 00:26:24,640
Oh sorry, I my connection was 
going in and out already. 

501
00:26:25,560 --> 00:26:28,520
I actually was a a fan of Malo 
Satoshi. 

502
00:26:28,520 --> 00:26:30,640
It was one of the easiest ones 
I've used. 

503
00:26:31,640 --> 00:26:34,320
It still works for me as long as
I will use AVPN. 

504
00:26:34,320 --> 00:26:36,800
So it hasn't. 
Been that big of a deal yet, but

505
00:26:36,800 --> 00:26:42,520
I am shopping around for a new 
wallet to start using. 100% 

506
00:26:42,680 --> 00:26:44,480
What's your take on the video, 
Sally? 

507
00:26:46,160 --> 00:26:49,640
It's that's what it always is. 
There's always going to be 

508
00:26:49,640 --> 00:26:53,160
somebody that calls it rat 
poison or or this or that. 

509
00:26:53,160 --> 00:26:57,960
So you know, he'll be, he'll be 
eating his words here soon after

510
00:26:57,960 --> 00:27:01,360
the cycle 100%. 
Yep. 

511
00:27:01,920 --> 00:27:02,520
Neil. 
What? 

512
00:27:02,640 --> 00:27:03,800
How do you say his name? 
Optimi. 

513
00:27:03,800 --> 00:27:07,120
Neil Kashkari. 
Neil Kashkari is going to have 

514
00:27:07,120 --> 00:27:11,080
fun staying poor for sure, 100%.
Anyways, guys, we have a lot to 

515
00:27:11,080 --> 00:27:12,840
talk about. 
Let's get to the news. 

516
00:27:13,000 --> 00:27:15,320
We got a lot of dig. 
We got a lot to dig into. 

517
00:27:15,640 --> 00:27:18,760
We got a pretty long video for 
you guys from Sailor. 

518
00:27:19,240 --> 00:27:21,040
It's absolutely, incredibly 
bullish. 

519
00:27:21,040 --> 00:27:22,400
So let's check it out. 
Here we go. 

520
00:27:23,000 --> 00:27:24,880
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521
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541
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543
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544
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546
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553
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554
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555
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556
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557
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558
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561
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562
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563
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564
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565
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566
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yourself a hardware wallet. 
Get yourself a Passport by 

567
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foundation. 
Anyways, we were all waiting for

568
00:29:58,280 --> 00:30:03,280
micro strategies Microstrategy's
financial results, so it finally

569
00:30:03,280 --> 00:30:07,280
came out and when it came out 
once again it was revealed that 

570
00:30:07,280 --> 00:30:12,360
the Chad Sailor, of course he 
bought himself more Bitcoin, so 

571
00:30:12,360 --> 00:30:15,440
it's kind of a big deal. 
There is also kind of like this 

572
00:30:15,440 --> 00:30:18,520
like video conference type of 
thing. 

573
00:30:19,000 --> 00:30:20,600
I'll show you guys that in a 
second. 

574
00:30:20,600 --> 00:30:23,840
It's a pretty long video, I 
might add, but Michael Sailor 

575
00:30:23,840 --> 00:30:25,800
was just flexing the entire 
time. 

576
00:30:26,760 --> 00:30:29,920
So the announcement for audio 
listeners is MicroStrategy 

577
00:30:29,920 --> 00:30:34,640
announces fourth quarter 2023 
financial results now holds 

578
00:30:34,640 --> 00:30:38,200
190,000 Bitcoin. 
Here are some of the bullet 

579
00:30:38,200 --> 00:30:46,000
points, 31,755 bitcoins acquired
since the end of of Q3 for 1.25 

580
00:30:46,000 --> 00:30:52,720
billion or 39,411 per Bitcoin. 
190,000 Bitcoin holdings at a 

581
00:30:52,720 --> 00:31:01,560
total cost of 5.93 billion or 
31,224 per 31,224 thousand per 

582
00:31:01,560 --> 00:31:07,880
coin as of February 5th, 2024. 
Total revenues 124.5 million, 

583
00:31:07,880 --> 00:31:11,640
down 6% year over year. 
Subscription service revenues 

584
00:31:11,640 --> 00:31:16,360
21.5 million up 23% year over 
year. 

585
00:31:17,800 --> 00:31:22,080
Anyways, here is the official 
Chad Saylor tweets with the 

586
00:31:22,080 --> 00:31:25,200
giant laser eyes coming out of 
his face In January, 

587
00:31:25,200 --> 00:31:30,640
MicroStrategy acquired an 
additional 850 Bitcoin for 37.2 

588
00:31:30,640 --> 00:31:35,200
million U.S. dollars. 
Now holds 190,000 Bitcoin. 

589
00:31:35,800 --> 00:31:38,560
And then he goes on to say 
please join us at 5:00 PM as we 

590
00:31:38,560 --> 00:31:42,040
discuss our Q 4/20/23 financial 
results. 

591
00:31:42,040 --> 00:31:44,080
So we'll get into the details of
that. 

592
00:31:44,760 --> 00:31:48,960
But before we do that, before I 
play you guys the video, I want 

593
00:31:48,960 --> 00:31:52,080
to, I do want to show you this 
take and this is of course 

594
00:31:52,080 --> 00:31:54,440
reacting. 
Adam Back was watching the 

595
00:31:54,440 --> 00:31:57,280
presentation and this is one of 
the comments, this is one of the

596
00:31:57,280 --> 00:32:01,680
slides from that, from that what
Michael Saylor was referencing 

597
00:32:02,120 --> 00:32:03,880
and I think there's a lot of 
signal here, right. 

598
00:32:04,080 --> 00:32:06,920
So if MicroStrategy 
conservatively borrowed 1 

599
00:32:06,920 --> 00:32:14,680
billion pre halving and bought 
20,020 thousand Bitcoin and 

600
00:32:14,680 --> 00:32:20,280
bought 20,000 Bitcoin, they get 
210K Bitcoin, 1% of all Bitcoin 

601
00:32:20,280 --> 00:32:22,800
and wait for the bull market 
would be a nice move. 

602
00:32:22,800 --> 00:32:26,160
MicroStrategy earnings call 
yesterday talking about their 

603
00:32:26,160 --> 00:32:29,880
advantage in obtaining, managing
leverage, illustrating upside, 

604
00:32:29,880 --> 00:32:32,640
right? 
And here they just pointed out 

605
00:32:32,640 --> 00:32:40,120
right spot Bitcoin, you know it 
goes on the 4343 thousand 69,100

606
00:32:40,120 --> 00:32:46,960
thousand 250,000 MicroStrategy 
current leverage 85,180 thousand

607
00:32:47,080 --> 00:32:53,320
600 and 66160% hypothetical 
scenarios in which Bitcoin price

608
00:32:53,320 --> 00:32:56,840
increases illustrative. 
So I mean it's just kind of 

609
00:32:56,840 --> 00:32:58,920
showing all the different 
scenarios now. 

610
00:32:58,920 --> 00:33:03,000
I think the signal really comes 
in, Michael Saylor kind of 

611
00:33:03,000 --> 00:33:05,720
breaking down a lot of the 
presentation. 

612
00:33:05,960 --> 00:33:10,400
And obviously if you guys take a
look at the soft flex, I mean is

613
00:33:10,400 --> 00:33:12,760
this a soft flex? 
This is something that we've 

614
00:33:12,760 --> 00:33:17,000
been showing for, you know, at 
least many, many, many months 

615
00:33:17,000 --> 00:33:19,160
now. 
But it's just comparing 

616
00:33:19,280 --> 00:33:22,880
Microstrategy's performance 
compared to everything else. 

617
00:33:23,040 --> 00:33:26,800
So enterprise software and of 
course this is stock performance

618
00:33:26,800 --> 00:33:30,680
since August 10th, 2020 And you 
guys have to understand, right. 

619
00:33:30,840 --> 00:33:34,400
So Michael Saylor is the CEO or 
he is not the CEO, but he's the 

620
00:33:34,400 --> 00:33:37,040
Chairman of MicroStrategy. 
He's responsible for it. 

621
00:33:37,320 --> 00:33:40,560
You know, his, you know, it's 
his neck is on the line, you 

622
00:33:40,560 --> 00:33:42,400
know, because this is a public 
company. 

623
00:33:42,680 --> 00:33:45,640
He has, you know, he has 
shareholders to please, like 

624
00:33:45,640 --> 00:33:49,160
that's just how it works, right.
And what he's demonstrating, 

625
00:33:49,360 --> 00:33:53,240
it's not like bitcoiners where 
you know, your mom or you know, 

626
00:33:53,240 --> 00:33:55,680
your your father, your 
grandfather, like, yo, you're 

627
00:33:55,680 --> 00:33:57,480
crazy. 
And then you're like, OK, watch 

628
00:33:57,480 --> 00:34:01,760
me, you know, watch me, Mr. 
Federal Reserve President, watch

629
00:34:01,760 --> 00:34:03,640
me prove you wrong as number go 
up. 

630
00:34:03,880 --> 00:34:07,080
Michael Saylor is doing this on 
a public company level. 

631
00:34:07,280 --> 00:34:11,080
And the consequence of that, 
like the significance of that is

632
00:34:11,080 --> 00:34:14,159
that other public companies are 
not going to be able to ignore 

633
00:34:14,159 --> 00:34:17,239
that for, you know, for 
significant amount of time, 

634
00:34:17,560 --> 00:34:19,400
especially with these types of 
results. 

635
00:34:19,400 --> 00:34:22,719
So you know the SAP only went up
11%. 

636
00:34:23,360 --> 00:34:27,320
CRM went up 45%. 
IBM went up 53%. 

637
00:34:27,440 --> 00:34:31,920
Oracle, which did incredible, 
went up 111%, Amazon only 9%, 

638
00:34:31,920 --> 00:34:39,840
Netflix 17%, Apple 65%, meta 
81%, Google 92%, Microsoft 97%. 

639
00:34:39,840 --> 00:34:44,159
Bonds, you'd be down 19%. 
Silver, you'd be down 18%. 

640
00:34:44,159 --> 00:34:49,719
Gold only up 1%. 
The NASDAQ 42%, S&P 548%, 

641
00:34:49,800 --> 00:34:56,159
Bitcoin 260%, MicroStrategy 
305%. 

642
00:34:56,440 --> 00:35:01,960
So he's clearly showing to all 
the public companies that this 

643
00:35:01,960 --> 00:35:05,720
way is the way to go. 
And by the way, This is why the 

644
00:35:05,720 --> 00:35:07,680
news of today was so 
significant. 

645
00:35:07,680 --> 00:35:10,800
We're going to talk about it on 
Thursday's episode where 

646
00:35:10,800 --> 00:35:15,120
Fidelity made the announcement 
that they are going to be 

647
00:35:15,120 --> 00:35:22,840
allocating at 1% and they're all
in one conservative ETF to 

648
00:35:22,840 --> 00:35:26,080
Bitcoin. 
That's a big effing deal. 

649
00:35:26,080 --> 00:35:29,480
And why is that happening? 
Well, This is why it's happening

650
00:35:29,600 --> 00:35:32,280
for audio listeners. 
I just read out all the all the 

651
00:35:32,280 --> 00:35:34,160
numbers. 
The numbers don't lie, the 

652
00:35:34,160 --> 00:35:37,200
incentives don't lie. 
You could throw away, throw out 

653
00:35:37,200 --> 00:35:41,520
all the ideological stances, all
the talking points, all the 

654
00:35:41,520 --> 00:35:45,360
propaganda, all the attempted 
coercion, all the attempted 

655
00:35:45,360 --> 00:35:50,160
bands either by the CCP, all 
these hostile anti Bitcoin 

656
00:35:50,160 --> 00:35:53,560
bureaucrats and politicians. 
Throw all that out the window. 

657
00:35:53,800 --> 00:35:59,560
This speaks volumes. 
Clearly using Bitcoin as savings

658
00:35:59,680 --> 00:36:02,480
works right on the public 
company level. 

659
00:36:02,600 --> 00:36:06,440
We love to show you this this 
website priced in Bitcoin 21. 

660
00:36:06,640 --> 00:36:10,880
It clearly shows that if you 
save in Bitcoin, life gets 

661
00:36:11,000 --> 00:36:14,760
cheaper over time. 
It's crazy what happens. 

662
00:36:14,760 --> 00:36:18,280
There's only 21 million. 
It's the scarcest asset the 

663
00:36:18,280 --> 00:36:22,720
world has ever seen. 
And Wall Street this cycle is 

664
00:36:22,720 --> 00:36:24,640
starting to wake up to that 
reality. 

665
00:36:24,800 --> 00:36:27,720
OK, no more talking for me. 
I'm going to play you guys this 

666
00:36:27,720 --> 00:36:30,200
video. 
It's at 1.5 times the speed. 

667
00:36:30,440 --> 00:36:33,520
I listened to it and I tried to 
cut it, but I thought the whole 

668
00:36:33,520 --> 00:36:36,760
thing was so full of signal. 
So it's about, it's about a 

669
00:36:36,760 --> 00:36:38,720
10/10. 
It's going to be like a 10-9 

670
00:36:38,720 --> 00:36:41,920
minute video, but it's Michael 
Saylor dropping bombs the entire

671
00:36:41,920 --> 00:36:43,800
times. 
The entire time. 

672
00:36:43,800 --> 00:36:47,280
And then, you know, Opti and I 
and Opti and Sally will kind of 

673
00:36:47,280 --> 00:36:48,640
break it down. 
We'll discuss it. 

674
00:36:48,640 --> 00:36:50,840
So let's check out what Michael 
Saylor has to say. 

675
00:36:50,840 --> 00:36:54,960
August. 10th or August 11th when
we adopted our Bitcoin strategy,

676
00:36:55,440 --> 00:36:58,600
our stock has outperformed 
Bitcoin as well as every major 

677
00:36:58,600 --> 00:37:01,440
asset class along with every 
major big tech stock as well as 

678
00:37:01,440 --> 00:37:03,000
every major enterprise software 
stock. 

679
00:37:04,160 --> 00:37:07,520
We're very proud of this and and
you know for those of you who 

680
00:37:07,520 --> 00:37:09,520
followed us on this journey, you
know it's been a number of steps

681
00:37:09,520 --> 00:37:10,920
every single quarter that got us
here. 

682
00:37:11,240 --> 00:37:15,000
But I think that this is a very 
useful chart to illustrate and 

683
00:37:15,000 --> 00:37:18,000
discuss some some key elements 
in our strategy and in our 

684
00:37:18,000 --> 00:37:20,760
business outlook. 
First of all with regard to 

685
00:37:20,760 --> 00:37:25,640
Bitcoin, 2024 is the year of 
birth of Bitcoin as an 

686
00:37:25,640 --> 00:37:30,240
institutional grade asset class.
Bitcoin is is being increasingly

687
00:37:30,240 --> 00:37:33,240
referred to as a new, as an 
asset class and as a new asset 

688
00:37:33,240 --> 00:37:34,720
class. 
And in fact it's the first new 

689
00:37:34,720 --> 00:37:38,120
asset class of the modern era. 
It's difficult to really name 

690
00:37:38,120 --> 00:37:40,000
another asset class. 
Gold when it was converted to 

691
00:37:40,000 --> 00:37:42,360
ETF wasn't a new asset. 
Commodities were never a new 

692
00:37:42,360 --> 00:37:45,560
asset. 30 years ago the S&P 
index was converted to an ETF, 

693
00:37:45,560 --> 00:37:47,760
the Spider. 
That wasn't the new asset then, 

694
00:37:47,760 --> 00:37:50,000
but it was certainly a 
revolution in finance. 

695
00:37:50,400 --> 00:37:53,080
And so Bitcoin represents many 
things, but one thing it 

696
00:37:53,080 --> 00:37:55,880
represents is the first 
institutional grade digital 

697
00:37:56,000 --> 00:37:59,400
asset. 
And so we've now completed the 

698
00:37:59,400 --> 00:38:03,680
1st 15 years of of the Bitcoin 
life life cycle and in that 

699
00:38:03,680 --> 00:38:07,880
first 15 years it was largely 
unregulated retail asset 

700
00:38:08,000 --> 00:38:12,040
misunderstood. 
The next 15 years I would expect

701
00:38:12,040 --> 00:38:15,800
will be a regulated 
institutional high growth period

702
00:38:15,800 --> 00:38:19,360
of Bitcoin, very, very different
in many ways from the last 15 

703
00:38:19,360 --> 00:38:22,800
years. 
Bitcoin itself is is performing 

704
00:38:22,800 --> 00:38:25,160
well for a number of reasons, 
but one reason is because it 

705
00:38:25,160 --> 00:38:27,720
represents the digital 
transformation of capital. 

706
00:38:28,360 --> 00:38:30,040
If we look at some of these 
other great performers on the 

707
00:38:30,040 --> 00:38:33,480
chart, like Microsoft and Google
and Meta and Apple, they're all 

708
00:38:33,480 --> 00:38:36,080
digital transformation plays. 
They represent the digital 

709
00:38:36,080 --> 00:38:38,160
transformation of devices and 
the digital transformation of 

710
00:38:38,160 --> 00:38:40,920
relationships and the digital 
transformation of information 

711
00:38:40,920 --> 00:38:43,640
and books and libraries and 
entertainment and education and 

712
00:38:43,640 --> 00:38:46,400
the digital transformation of 
corporate processes, say 

713
00:38:46,400 --> 00:38:49,080
Microsoft. 
Well, bitcoin's a very profound 

714
00:38:49,080 --> 00:38:50,560
idea. 
It's what if we actually 

715
00:38:50,560 --> 00:38:53,960
transformed capital from its 
analog form, capital in the form

716
00:38:53,960 --> 00:38:57,640
of land or buildings or capital 
in the form of shares in an 

717
00:38:57,640 --> 00:39:01,240
actual physical company or 
bushels of corn or diamonds or 

718
00:39:01,240 --> 00:39:05,000
bars of gold or capital in the 
form of Fiat currency or bonds. 

719
00:39:05,400 --> 00:39:08,400
And what if we could actually 
make that into a digital asset 

720
00:39:08,640 --> 00:39:12,320
that's that's created in order 
to address all of the historic 

721
00:39:12,320 --> 00:39:14,320
perceived shortcomings of analog
assets? 

722
00:39:14,800 --> 00:39:17,680
What if we had had all the 
benefits of gold, but none of 

723
00:39:17,680 --> 00:39:19,480
the liabilities of gold? 
What if we had the benefits of a

724
00:39:19,480 --> 00:39:21,600
share of stock, but none of the 
liabilities of a share of stock?

725
00:39:21,600 --> 00:39:23,440
What if we had the benefits of a
building, but not the 

726
00:39:23,440 --> 00:39:26,680
liabilities of the building, a 
synthetic digital asset. 

727
00:39:27,160 --> 00:39:29,080
And so increasingly, investors 
are recognizing this. 

728
00:39:29,080 --> 00:39:32,520
That's why Bitcoin is up 260% 
since we embarked on our Bitcoin

729
00:39:32,520 --> 00:39:33,960
strategy. 
That's why it's outperforming 

730
00:39:33,960 --> 00:39:36,200
the S&P and the NASDAQ. 
That's why it's outperforming 

731
00:39:36,200 --> 00:39:42,280
gold, silver and bonds. 
Bitcoin isn't a company, and 

732
00:39:42,480 --> 00:39:45,200
it's kind of it's profoundly 
important to understand that 

733
00:39:45,200 --> 00:39:47,600
it's not a company. 
It's an asset class, and as 

734
00:39:47,600 --> 00:39:51,040
such, based on a commodity. 
It has spawned an entire 

735
00:39:51,040 --> 00:39:54,040
universe of companies products 
and services built on that asset

736
00:39:54,040 --> 00:39:56,480
class. 
So part of the the the driver of

737
00:39:56,480 --> 00:39:59,520
bitcoin's performance is not 
just it's it's protocol and 

738
00:39:59,520 --> 00:40:01,920
superior fundamental 
characteristics but another 

739
00:40:01,920 --> 00:40:05,160
driver is that is the industry 
of Bitcoin miners that secure 

740
00:40:05,160 --> 00:40:09,040
the network and and Bitcoin 
custodians and a set of Bitcoin 

741
00:40:09,040 --> 00:40:11,160
exchanges. 
So we see, we see lots of public

742
00:40:11,160 --> 00:40:12,240
companies that are Bitcoin 
miners. 

743
00:40:12,240 --> 00:40:15,200
Now we see many, many companies 
that are entering into Bitcoin 

744
00:40:15,200 --> 00:40:18,560
custody like Anchorage, like bit
code, like Fidelity, like 

745
00:40:18,560 --> 00:40:21,600
Coinbase. 
We see Bitcoin exchanges like 

746
00:40:21,600 --> 00:40:23,960
Block acting as an exchange, 
like Fidelity, like Coinbase, 

747
00:40:23,960 --> 00:40:26,000
like Gemini, etcetera. 
We're going to see more 

748
00:40:26,000 --> 00:40:28,320
exchanges. 
We see an explosion of Bitcoin 

749
00:40:28,320 --> 00:40:31,400
wallets, different software, 
software applications for mobile

750
00:40:31,400 --> 00:40:33,600
phones or or devices in order to
move Bitcoin around. 

751
00:40:33,960 --> 00:40:35,880
We've got Bitcoin devices 
themselves for signing and 

752
00:40:35,880 --> 00:40:38,120
securing the network. 
There's a whole host of 

753
00:40:38,120 --> 00:40:40,680
companies in the Lightning 
ecosystem, Bitcoin and other 

754
00:40:40,680 --> 00:40:42,880
Bitcoin L2's that are scaling 
the network. 

755
00:40:43,560 --> 00:40:46,600
And now of course this year we 
have Bitcoin ET PS, spot ET PS, 

756
00:40:46,600 --> 00:40:49,520
and and even even derivatives of
those ET PS. 

757
00:40:49,920 --> 00:40:52,120
Companies that are going to 
trade the volatility of the 

758
00:40:52,120 --> 00:40:54,320
underlying spot ET PS are 
starting to pop up in 

759
00:40:54,320 --> 00:40:56,520
application form. 
And of course these ET PS aren't

760
00:40:56,520 --> 00:40:59,080
just local or aren't just United
States based, but they're 

761
00:40:59,080 --> 00:41:00,840
global. 
And that's significant because 

762
00:41:01,120 --> 00:41:02,880
every single company everywhere 
in the world is meeting a 

763
00:41:02,880 --> 00:41:04,680
different set of compliance 
requirements. 

764
00:41:04,720 --> 00:41:08,520
You know, a Bitcoin ETP in Hong 
Kong will serve a different 

765
00:41:08,520 --> 00:41:10,760
need, meet different compliance 
requirements and meet the needs 

766
00:41:10,760 --> 00:41:14,000
of different types of investors 
from a Bitcoin ETP in Canada or 

767
00:41:14,000 --> 00:41:16,080
in in France or in the UK or in 
the United States. 

768
00:41:16,440 --> 00:41:18,760
And so all of these various 
actors are scaling the Bitcoin 

769
00:41:18,760 --> 00:41:20,760
network with increasing 
enthusiasm. 

770
00:41:21,200 --> 00:41:24,200
Micro strategy as as we've 
noted, is unique as of now as 

771
00:41:24,200 --> 00:41:26,800
the first Bitcoin development 
company, but hopefully not for 

772
00:41:26,800 --> 00:41:28,280
long. 
We published our playbook and 

773
00:41:28,280 --> 00:41:29,840
we're showing other companies 
how to do it. 

774
00:41:30,240 --> 00:41:32,400
And there's a lot of real estate
development companies in the 

775
00:41:32,760 --> 00:41:34,560
world, companies that issue 
securities and develop real 

776
00:41:34,560 --> 00:41:35,920
estate. 
There are a lot of oil or 

777
00:41:35,920 --> 00:41:38,000
petroleum exploration and 
development companies in the 

778
00:41:38,000 --> 00:41:38,840
world. 
There are natural gas 

779
00:41:38,840 --> 00:41:39,960
development companies in the 
world. 

780
00:41:39,960 --> 00:41:41,560
There are software development 
companies in the world. 

781
00:41:41,560 --> 00:41:45,160
So we believe that as an as 
awareness builds of Bitcoin as a

782
00:41:45,160 --> 00:41:47,520
commodity, as a global 
commodity, as a unique asset 

783
00:41:47,520 --> 00:41:50,080
class, I think we're going to 
see more entrepreneurs enter the

784
00:41:50,080 --> 00:41:52,920
space and and start to work in 
in these various areas to add 

785
00:41:52,920 --> 00:41:56,760
value to the ecosystem. 
It's it's worthwhile to note 

786
00:41:57,400 --> 00:41:59,880
people are in the early days 
they under, they thought of 

787
00:41:59,880 --> 00:42:02,200
Bitcoin as currency and a medium
exchange and it creates a lot of

788
00:42:02,200 --> 00:42:05,520
misunderstandings and a lot of 
and a lot of inappropriate or 

789
00:42:05,520 --> 00:42:08,920
irrelevant criticisms. 
With the advent of these new ET 

790
00:42:09,000 --> 00:42:12,160
PS from BlackRock and from 
Fidelity awareness of Bitcoin, 

791
00:42:12,160 --> 00:42:14,440
can you please go back. 
Yeah. 

792
00:42:14,760 --> 00:42:18,200
Let's say on the slide awareness
of Bitcoin as a store of value 

793
00:42:18,200 --> 00:42:22,000
asset is growing and people are 
starting to see Bitcoin not as 

794
00:42:22,000 --> 00:42:25,200
digital currency but as digital 
property or digital gold, a 

795
00:42:25,520 --> 00:42:27,720
digital store of value. 
You could think of it as gold or

796
00:42:27,720 --> 00:42:29,440
you could think of it as 
property or think of it as 

797
00:42:29,840 --> 00:42:31,160
another kind of digital store of
value. 

798
00:42:31,160 --> 00:42:33,840
But in that regard you kind of 
have to compare it against other

799
00:42:33,840 --> 00:42:35,880
liquid stores of value that 
people are using. 

800
00:42:35,880 --> 00:42:38,560
So for right now, the most 
common alternative to Bitcoin 

801
00:42:38,840 --> 00:42:41,200
for a tech enthusiast would be 
to invest in big tech with the 

802
00:42:41,200 --> 00:42:43,440
Magnificent 7, the Microsoft, 
the Google, the Metis. 

803
00:42:43,960 --> 00:42:47,680
But as you can see, when the 
market cap of a big tech company

804
00:42:47,680 --> 00:42:50,120
double S, you have a company 
doing a lot of work generating a

805
00:42:50,120 --> 00:42:53,000
lot of cash flow to support the 
market cap and the work that 

806
00:42:53,000 --> 00:42:54,840
they have to do Double S And if 
they want to double their market

807
00:42:54,840 --> 00:42:56,360
cap, their value again, they 
have to keep generating, they 

808
00:42:56,360 --> 00:42:58,440
have to keep doing more work, 
generating more cash because 

809
00:42:58,680 --> 00:43:01,960
traditional finance technique is
I dividend out my cash flows or 

810
00:43:01,960 --> 00:43:04,320
I buy the stock back. 
Two very famous examples of this

811
00:43:04,320 --> 00:43:07,440
traditional approach are Apple 
and Meta who are both engaging 

812
00:43:07,440 --> 00:43:09,640
in monstrous capital return 
programs. 

813
00:43:10,000 --> 00:43:13,920
So a stock is returning its 
capital and its value or store 

814
00:43:13,920 --> 00:43:17,160
of value promise is based upon 
being able to grow its cash 

815
00:43:17,160 --> 00:43:18,880
flows faster than the rate of 
inflation. 

816
00:43:18,880 --> 00:43:20,080
So they're working increasingly 
hard. 

817
00:43:20,440 --> 00:43:22,560
If you want to make it 10 times 
more valuable, eventually you've

818
00:43:22,560 --> 00:43:24,280
got to come up with a way to get
10 times more cash flows. 

819
00:43:24,600 --> 00:43:28,640
And that's very different than 
the Bitcoin because Bitcoin is 

820
00:43:28,640 --> 00:43:30,760
the asset. 
So whereas big tech is asset, 

821
00:43:30,760 --> 00:43:33,680
poor cash flow rich Bitcoin is 
asset rich. 

822
00:43:33,680 --> 00:43:36,200
And the strategy with Bitcoin 
becomes asset rich. 

823
00:43:36,640 --> 00:43:38,840
Now we're moving into a 
macroeconomic environment where 

824
00:43:38,840 --> 00:43:41,400
we're going to see increasing 
monetary inflation to pay off 

825
00:43:41,400 --> 00:43:42,800
the debt. 
That's well understood. 

826
00:43:42,800 --> 00:43:44,760
That was even acknowledged by 
Jerome Powell in a 60 Minutes 

827
00:43:44,760 --> 00:43:47,360
interview this weekend where he 
expressed concern. 

828
00:43:47,440 --> 00:43:52,680
And so as as the monetary supply
expands, if your strategy is is 

829
00:43:52,680 --> 00:43:54,520
to generate more cash flows, 
you're going to have to grow 

830
00:43:54,520 --> 00:43:56,400
your cash flows faster than the 
rate of monetary inflation. 

831
00:43:57,040 --> 00:43:59,880
And that means that a big tech 
strategy becomes increasingly 

832
00:43:59,880 --> 00:44:02,760
difficult. 
And so you can almost say, you 

833
00:44:02,760 --> 00:44:06,000
know a big tech company becomes 
becomes more difficult, it's 

834
00:44:06,000 --> 00:44:08,040
harder, right, as the value 
increases. 

835
00:44:08,280 --> 00:44:11,160
But Bitcoin gets more compelling
as the value of Bitcoin 

836
00:44:11,400 --> 00:44:14,520
increases because the liquidity 
increases and and the network of

837
00:44:14,520 --> 00:44:17,720
holders increases. 
So, So we're in the first year 

838
00:44:17,720 --> 00:44:20,200
of Bitcoin being viewed 
seriously as a possible 

839
00:44:20,200 --> 00:44:21,600
institutional great store of 
value. 

840
00:44:22,000 --> 00:44:24,520
And I believe that over time 
it's it's going to appeal to 

841
00:44:24,520 --> 00:44:27,120
technology investors as they 
understand it as digital capital

842
00:44:27,120 --> 00:44:28,640
and the digital transformation 
of capital. 

843
00:44:29,040 --> 00:44:33,000
And there's a reason that we 
believe we can outperform other 

844
00:44:33,000 --> 00:44:35,800
strategies and why we believe a 
commodity like Bitcoin is a 

845
00:44:35,800 --> 00:44:38,000
better long term store of value 
than just buying a portfolio of 

846
00:44:38,000 --> 00:44:41,040
stocks. 
OK, ladies and gentlemen, ladies

847
00:44:41,040 --> 00:44:44,560
and gentlemen. 
So Michael Saylor dropping all 

848
00:44:44,560 --> 00:44:50,200
this hot fire, all this sauce. 
But look at the symbolism. 

849
00:44:50,400 --> 00:44:57,480
Symbolism is very important. 
Symbolism is, is it literally it

850
00:44:57,480 --> 00:45:03,320
it it's he's saying all these 
things but at the same time and 

851
00:45:03,320 --> 00:45:05,840
he mentioned because someone 
tried to click off the slide, 

852
00:45:05,840 --> 00:45:08,160
no, go back to that slide, 
right. 

853
00:45:08,640 --> 00:45:14,000
So this isn't just the theory. 
Back in 2020 this was a theory. 

854
00:45:14,840 --> 00:45:19,120
I saw this man at Pacific 
Bitcoin 2022 front stage. 

855
00:45:19,120 --> 00:45:23,440
Bitcoin was sitting at 16,000. 
His average price to acquire 

856
00:45:23,440 --> 00:45:29,400
Bitcoin was at 29 or 30,000. 
The man was down 5050%. 

857
00:45:29,400 --> 00:45:33,960
Billions of dollars straight 
face He's paying his price of 

858
00:45:33,960 --> 00:45:36,800
tuition like all of us 
bitcoiners most likely have to 

859
00:45:36,800 --> 00:45:42,560
because you most likely got in 
during a bull market and this is

860
00:45:42,560 --> 00:45:45,440
the vindication this is showing 
you. 

861
00:45:45,800 --> 00:45:50,640
Hey, this is my theories. 
This is why I believe this is 

862
00:45:50,640 --> 00:45:54,240
going to happen. 
Been sticking to my guns and 

863
00:45:54,240 --> 00:45:57,680
telling you exactly what I've 
what I think is going to happen,

864
00:45:57,680 --> 00:46:02,120
what I think is the best move, 
why I believe Bitcoin is the 

865
00:46:02,120 --> 00:46:07,800
superior play, especially with 
you know the the traditional 

866
00:46:07,800 --> 00:46:11,600
system completely out of hand. 
He mentioned the 60 Minutes 

867
00:46:11,600 --> 00:46:13,960
interview which we played for 
you guys yesterday with your own

868
00:46:13,960 --> 00:46:17,840
pal basically saying it's an 
unsustainable path for the US to

869
00:46:17,840 --> 00:46:21,840
continue to print all this money
and accumulate all this debt. 

870
00:46:22,640 --> 00:46:26,680
He is literally flexing. 
This is symbolic. 

871
00:46:27,000 --> 00:46:32,280
Him on the right and the 
results, the proof of work on 

872
00:46:32,280 --> 00:46:35,920
the left. 
And you want to know why. 

873
00:46:36,280 --> 00:46:39,160
The legacy media, that all the 
financial media is clearly on 

874
00:46:39,160 --> 00:46:41,200
our side now. 
But you want to know why you 

875
00:46:41,200 --> 00:46:45,360
still have some of the holdouts,
Why Elizabeth Warren, you know, 

876
00:46:45,360 --> 00:46:47,720
is going nuts. 
She's short circuiting a little 

877
00:46:47,720 --> 00:46:50,480
bit. 
It's because of that You can't 

878
00:46:50,480 --> 00:46:54,720
stop that. 
No central banker or politician 

879
00:46:55,120 --> 00:46:57,920
could spin that in a negative 
way. 

880
00:46:58,080 --> 00:47:02,880
It is undeniable that Bitcoin is
the superior asset. 

881
00:47:03,480 --> 00:47:07,400
Bitcoin is the black hole that's
going to suck up everything. 

882
00:47:08,120 --> 00:47:12,880
And that, when Michael Saylor 
did during that earnings call, 

883
00:47:13,840 --> 00:47:16,320
was just flex. 
And here's the thing. 

884
00:47:16,560 --> 00:47:20,480
Here's the thing. 
We ain't even in the bull market

885
00:47:20,480 --> 00:47:24,360
yet, ladies and gentlemen. 
The party hasn't even started. 

886
00:47:25,080 --> 00:47:28,040
You know the, the, the if we're 
in a race, like if you want to 

887
00:47:28,040 --> 00:47:31,520
use the race analogy, the cars 
right now, they're revving their

888
00:47:31,520 --> 00:47:34,880
engines, they're going but they 
haven't, they haven't launched 

889
00:47:34,880 --> 00:47:37,760
yet, right. 
And these are the results so 

890
00:47:37,760 --> 00:47:42,800
far. 
Mark my words, it is going to be

891
00:47:42,800 --> 00:47:49,080
irresistible for public 
companies and for nation states 

892
00:47:49,560 --> 00:47:54,360
not to adopt Bitcoin because if 
they don't, they'll look 

893
00:47:54,440 --> 00:47:59,640
irresponsible compared to the 
parties that have adopted 

894
00:47:59,640 --> 00:48:02,720
Bitcoin. 
And that is what Michael 

895
00:48:02,720 --> 00:48:05,440
Saylor's trying to do. 
He is leading, he's leading this

896
00:48:05,440 --> 00:48:07,720
effort. 
He's the vanguard for this 

897
00:48:07,720 --> 00:48:12,440
movement on the public company 
level, and he said there was 

898
00:48:12,440 --> 00:48:15,400
three things that needed to 
happen in order for Bitcoin to 

899
00:48:15,880 --> 00:48:22,560
hit $5,000,000 per coin. 
Those three things were #1 banks

900
00:48:22,560 --> 00:48:27,320
needed needed to have the 
ability to custody Bitcoin for 

901
00:48:27,960 --> 00:48:31,560
their clients. 
Multiple banks is all over all 

902
00:48:31,560 --> 00:48:34,280
around the world, including in 
the United States and in Europe 

903
00:48:34,480 --> 00:48:40,600
have applied for those licenses 
#2 He said that there needs to 

904
00:48:40,600 --> 00:48:43,560
be a change in the FASB 
accounting rules. 

905
00:48:43,840 --> 00:48:48,320
Those rules were changed. 
That's done and dusted, making 

906
00:48:48,320 --> 00:48:52,640
it easier accounting wise for 
Bitcoin for companies, public 

907
00:48:52,640 --> 00:48:55,480
companies specifically, to hold 
Bitcoin on their balance sheet 

908
00:48:56,320 --> 00:49:00,040
so that they can properly 
account for the losses in the 

909
00:49:00,040 --> 00:49:03,040
gains. 
The FASBE accounting rules 

910
00:49:03,040 --> 00:49:06,760
before prior weren't really 
necessarily favorable. 

911
00:49:06,760 --> 00:49:10,520
It made it kind of complicated. 
It de incentivized it a bit. 

912
00:49:12,160 --> 00:49:15,600
And the third thing he said 
needed to happen was the spot 

913
00:49:15,600 --> 00:49:18,760
Bitcoin ETF. 
And do you guys remember how 

914
00:49:18,760 --> 00:49:23,160
much they resisted that? 
Do you remember the cluster F 

915
00:49:23,160 --> 00:49:28,600
that was that release Maybe you 
guys forgot Gary Gensler. 

916
00:49:28,800 --> 00:49:33,200
You know the SEC account telling
us how, oh you know you need two

917
00:49:33,200 --> 00:49:36,040
of a on your account and you 
need a. 

918
00:49:36,200 --> 00:49:39,560
You can only trust words coming 
out of the SEC. 

919
00:49:39,720 --> 00:49:41,880
The SEC gets hacked. 
Because. 

920
00:49:41,880 --> 00:49:45,160
They don't have two of a on 
basically announcing that the 

921
00:49:45,160 --> 00:49:48,240
spot Bitcoin ETF was approved. 
They said no, it was a hack. 

922
00:49:48,240 --> 00:49:50,720
It wasn't real. 
Then the next day they say yeah,

923
00:49:50,720 --> 00:49:55,200
it actually was approved. 
But then you know he's he's like

924
00:49:55,200 --> 00:49:58,840
grinning his, like he's like, 
you know like like he he can't 

925
00:49:58,840 --> 00:50:03,040
contain himself. 
He's so angry about it basically

926
00:50:03,040 --> 00:50:06,440
saying like, no, this is 
unacceptable etcetera, etcetera.

927
00:50:06,680 --> 00:50:09,960
The DOJ press conference when 
the whole Binance debacle 

928
00:50:09,960 --> 00:50:11,920
happened, you guys remember 
that? 

929
00:50:12,320 --> 00:50:14,480
That was an absolute disaster, 
too. 

930
00:50:14,680 --> 00:50:19,040
They tried to associate, you 
know, terrorism with Bitcoin, 

931
00:50:19,200 --> 00:50:21,520
right? 
The the Wall Street Journal 

932
00:50:21,520 --> 00:50:24,440
article, the Fin CEN proposal, 
right? 

933
00:50:24,920 --> 00:50:28,480
All of that is an attempt to 
slow down the inevitable. 

934
00:50:28,480 --> 00:50:32,680
But you cannot cover up the 
facts. 

935
00:50:33,000 --> 00:50:35,320
You cannot cover up the proof of
work. 

936
00:50:35,520 --> 00:50:39,600
You cannot cover up the numbers.
And Michael Saylor just showed 

937
00:50:39,600 --> 00:50:41,160
them. 
You just showed them to the 

938
00:50:41,160 --> 00:50:44,960
world and to Kelly on a nation 
state level. 

939
00:50:44,960 --> 00:50:47,240
And again, this might be a 
coincidence and I'm 

940
00:50:47,240 --> 00:50:51,360
acknowledging that, but do you 
guys believe it's a coincidence?

941
00:50:51,360 --> 00:50:53,240
I'll I'll make it an open-ended 
question. 

942
00:50:53,240 --> 00:50:56,880
You guys could answer maybe in 
the chat or in the comment if 

943
00:50:56,880 --> 00:50:59,760
you guys missed the live stream 
or on Twitter or on rumble. 

944
00:51:00,600 --> 00:51:03,320
Do you guys believe that it's a 
coincidence that the first 

945
00:51:03,320 --> 00:51:08,080
country that made Bitcoin legal 
tender also has the world the 

946
00:51:08,240 --> 00:51:12,320
most popular president? 
Democratically, I might add, 

947
00:51:12,320 --> 00:51:15,080
because they always like to use 
that word democratically. 

948
00:51:15,080 --> 00:51:18,960
Elected president in the 
Americas that just won his 

949
00:51:18,960 --> 00:51:22,040
election by 87%. 
Do you think that's a 

950
00:51:22,040 --> 00:51:24,160
coincidence? 
I don't think that's a 

951
00:51:24,160 --> 00:51:26,240
coincidence. 
I think that if you fix the base

952
00:51:26,240 --> 00:51:30,080
layer of society and you align 
the incentives, all of a sudden 

953
00:51:30,080 --> 00:51:33,800
politicians are incentivized to 
actually do good by their 

954
00:51:33,800 --> 00:51:38,480
constituents rather than trying 
to get as close as humanly as 

955
00:51:38,520 --> 00:51:42,040
possible to the money spigot. 
So yeah, fix the money. 

956
00:51:42,040 --> 00:51:45,040
Fix the world. 
Huge, huge win from Michael 

957
00:51:45,040 --> 00:51:47,120
Saylor. 
Look at the symbolism. 

958
00:51:47,440 --> 00:51:50,520
Of course, My sailors dropping 
this, The hot fire, the sauce. 

959
00:51:50,520 --> 00:51:52,000
That's why we played you guys 
the video. 

960
00:51:52,480 --> 00:51:55,120
But look at the symbolism of 
what he was doing. 

961
00:51:55,600 --> 00:51:58,280
It was him saying what he 
usually says on all the 

962
00:51:58,280 --> 00:52:03,040
podcasts, right? 
But to his left were the numbers

963
00:52:03,040 --> 00:52:06,880
were the proof of work. 
Like, yes, I won here and I'm 

964
00:52:06,880 --> 00:52:11,600
right and I know I'm right. 
And companies are not going to 

965
00:52:11,600 --> 00:52:14,160
be able to resist that 
incentive, especially the public

966
00:52:14,160 --> 00:52:16,000
ones. 
There's going to be shareholder,

967
00:52:16,360 --> 00:52:19,920
there's going to be shareholder 
pressure and eventually you're 

968
00:52:19,920 --> 00:52:24,440
going to start to see these big 
public companies start putting 

969
00:52:24,440 --> 00:52:27,680
small allocations, you know, on 
their balance sheet. 

970
00:52:27,880 --> 00:52:31,200
And what we're going to cover 
tomorrow is Fidelity. 

971
00:52:31,520 --> 00:52:37,440
Very, very big news on a 
conservative ETF. 1% is now 

972
00:52:37,560 --> 00:52:42,600
allocated to Bitcoin. 
Adam back posted the meme from 

973
00:52:42,600 --> 00:52:45,600
Lord of the Rings. 
You know, when the Urakai were 

974
00:52:45,600 --> 00:52:49,600
like trying to like, you know, 
seize the Fort and like the king

975
00:52:49,600 --> 00:52:52,080
of Rohan at the time, like he 
was like here they come. 

976
00:52:52,400 --> 00:52:56,360
You know, like, yes, the herd is
coming, But for anyone that got 

977
00:52:56,360 --> 00:52:59,400
in before the ETF, ladies and 
gentlemen, you frant ran Wall 

978
00:52:59,400 --> 00:53:02,520
Street. 
Anyways, Opti, what's your take 

979
00:53:02,520 --> 00:53:04,880
on all this, bro? 
Michael Saylor has me feeling 

980
00:53:04,880 --> 00:53:06,680
extremely, extremely bullish, 
bro. 

981
00:53:06,680 --> 00:53:11,760
Him dropping, hot fire flexing, 
just like, flexing like that. 

982
00:53:11,760 --> 00:53:16,120
Like, yeah, I told you so and I 
thought that was pretty badass. 

983
00:53:16,120 --> 00:53:19,520
Of course he did it in a very 
tactful way, in a very corporate

984
00:53:19,520 --> 00:53:23,440
way, you know, like talking the 
talk, walking the walk, right? 

985
00:53:23,920 --> 00:53:26,120
But dude, it was still a flex, 
man. 

986
00:53:26,160 --> 00:53:30,840
It was still a flex, so. 
Yeah I mean I think, you know I 

987
00:53:30,840 --> 00:53:33,120
think we've been covering this 
for a long time and sailor's 

988
00:53:33,120 --> 00:53:36,320
just been putting on the Giga. 
Chad Sailor has just been 

989
00:53:36,320 --> 00:53:39,600
putting on a master class for 
the whole world to watch and and

990
00:53:39,640 --> 00:53:42,720
you know just going balls deep 
in Bitcoin absolute legend. 

991
00:53:43,040 --> 00:53:47,920
And you know the way Sailor 
talks all the time you you can 

992
00:53:47,920 --> 00:53:51,520
tell that not only is he like 
Polish but he's talking to a 

993
00:53:51,520 --> 00:53:56,040
specific class of people and the
way he is able to communicate 

994
00:53:56,040 --> 00:53:58,200
the Bitcoin signal the Bitcoin 
message. 

995
00:53:58,760 --> 00:54:03,000
Like anyone out there that that 
knows anything about anything 

996
00:54:03,160 --> 00:54:07,280
has to hear Sailor and be like 
man I definitely need to get 

997
00:54:07,280 --> 00:54:11,360
some Bitcoin because his you 
know like the the proof is in 

998
00:54:11,360 --> 00:54:14,160
the pudding. 
The results I think have spoken 

999
00:54:14,160 --> 00:54:17,280
for themselves and we haven't 
even gone into a bull market 

1000
00:54:17,280 --> 00:54:18,960
yet. 
Like the the the bull market 

1001
00:54:18,960 --> 00:54:22,520
profits that sailor's going to 
get is going to blow people's 

1002
00:54:22,520 --> 00:54:25,000
minds out and I'm sure there's 
going to be even more people 

1003
00:54:25,000 --> 00:54:28,320
that are like complaining and 
yelling and oh this isn't fair 

1004
00:54:28,320 --> 00:54:31,840
but man he definitely risked it 
for the biscuit. 

1005
00:54:31,840 --> 00:54:35,320
He put his own reputation on the
line and now we're starting to 

1006
00:54:35,320 --> 00:54:37,200
see it wasn't. 
More It was more than 

1007
00:54:37,200 --> 00:54:38,840
reputation, bro. 
It was. 

1008
00:54:38,840 --> 00:54:41,120
It was, yeah, his whole company.
His company. 

1009
00:54:41,840 --> 00:54:44,440
He's like, he just, he was like 
full. 

1010
00:54:44,600 --> 00:54:47,640
I mean we all have done this. 
Like I went all in. 

1011
00:54:47,640 --> 00:54:50,920
So did I know Opti. 
I'm 99% you went all in too. 

1012
00:54:51,200 --> 00:54:53,400
The only big, the only 
difference is that Opti and I 

1013
00:54:53,400 --> 00:54:55,480
don't have Fortune 500. 
Yeah, like. 

1014
00:54:55,480 --> 00:54:58,720
Imagine imagine us buying 890 
Bitcoin. 

1015
00:54:58,720 --> 00:54:59,960
What? 
Like every quarter? 

1016
00:54:59,960 --> 00:55:03,040
Just buying, you know, just 4000
Bitcoin every quarter 50. 

1017
00:55:03,240 --> 00:55:06,240
It's all good, yeah. 
Only 32,000,000 like would love 

1018
00:55:06,240 --> 00:55:08,240
to see that. 
But there's one thing that 

1019
00:55:08,400 --> 00:55:11,120
Sailor said there that I that I 
think is very interesting and 

1020
00:55:11,120 --> 00:55:13,640
it's something we've been 
covering a lot and and that Nico

1021
00:55:13,640 --> 00:55:18,160
and I personally feel is the 
idea of of entrepreneurs being 

1022
00:55:18,160 --> 00:55:20,440
attracted to Bitcoin. 
Like if you're an entrepreneur 

1023
00:55:20,440 --> 00:55:23,960
right now, yes there is some 
some hurdles and some obstacles 

1024
00:55:23,960 --> 00:55:27,280
you have to overcome to be on 
the Bitcoin standard. 

1025
00:55:27,280 --> 00:55:29,920
But we are starting to see and 
we've been seeing for the last 

1026
00:55:29,920 --> 00:55:33,200
two to three years the brain 
drain that is being attracted 

1027
00:55:33,200 --> 00:55:36,720
towards Bitcoin in away from the
Fiat world and sailors hitting 

1028
00:55:36,720 --> 00:55:38,880
on it. 
And and he even mentioned some 

1029
00:55:38,880 --> 00:55:40,720
some personal anecdotes that 
he's seeing. 

1030
00:55:40,720 --> 00:55:43,560
Seeing people whether in real 
estate whether on the corporate 

1031
00:55:43,560 --> 00:55:46,240
level that they're all starting 
to get interested in Bitcoin. 

1032
00:55:46,480 --> 00:55:48,920
And like we're going to cover 
tomorrow the the fidelity, you 

1033
00:55:48,920 --> 00:55:52,680
know the conservative 1% 
allocation to Bitcoin in that 

1034
00:55:52,680 --> 00:55:55,520
general ETF. 
You're seeing that not only is 

1035
00:55:55,520 --> 00:55:59,920
this happening on the corporate 
level, the nation state level, 

1036
00:56:00,320 --> 00:56:02,640
and yeah, and you know, we're 
talking about institution 

1037
00:56:02,680 --> 00:56:05,880
adoption of Bitcoin, but what 
this is really doing is exposing

1038
00:56:05,880 --> 00:56:09,440
all of retail to the 
understanding that, oh wait, I 

1039
00:56:09,440 --> 00:56:12,800
might need to hold a little bit 
of Bitcoin because this is the 

1040
00:56:12,800 --> 00:56:15,600
only way to make it through what
is going on. 

1041
00:56:15,600 --> 00:56:18,280
And that's the stuff that gets 
me super excited is because like

1042
00:56:18,280 --> 00:56:22,280
men, everyone that has a brain 
left, anyone that still has 

1043
00:56:22,280 --> 00:56:25,520
critical thinking has to be 
looking at Bitcoin and will be 

1044
00:56:25,520 --> 00:56:29,800
looking at Bitcoin as this bull 
run enters that oh wow, I really

1045
00:56:29,800 --> 00:56:33,640
do need to get some exposure to 
Bitcoin in any capacity. 

1046
00:56:34,000 --> 00:56:37,040
And it's not just this, you 
know, Internet nerd money. 

1047
00:56:37,040 --> 00:56:41,360
It's like the the biggest and 
most high-powered institutional 

1048
00:56:41,360 --> 00:56:44,440
managers, asset managers in the 
world and billionaires and some 

1049
00:56:44,440 --> 00:56:48,480
of the the the most successful 
businessmen in the world are 

1050
00:56:48,480 --> 00:56:49,840
starting to get Bitcoin 
allocation. 

1051
00:56:49,840 --> 00:56:53,400
I might want to get some. 
As much as I try to avoid the 

1052
00:56:53,400 --> 00:56:58,360
authority fallacy, people still 
look to successful people to you

1053
00:56:58,360 --> 00:57:02,400
know make decisions and I think 
Sailor is going to just show the

1054
00:57:02,400 --> 00:57:04,200
world that yeah, you need some 
Bitcoin. 

1055
00:57:04,200 --> 00:57:06,720
So it's it's absolutely crazy 
that this is where we are 

1056
00:57:06,720 --> 00:57:08,160
anyway. 
Sally, what's your thoughts over

1057
00:57:08,160 --> 00:57:10,440
there? 
Are you still with us, I hope? 

1058
00:57:14,320 --> 00:57:21,520
So he he, yeah, Team seems like 
Sally. 

1059
00:57:21,720 --> 00:57:24,800
Sally seems like Sally. 
It seems like you're having some

1060
00:57:24,800 --> 00:57:26,480
collect connection issues, my 
friend. 

1061
00:57:26,480 --> 00:57:31,160
Try, try, try, try getting try 
using Google Chrome. 

1062
00:57:31,160 --> 00:57:32,840
Exiting and coming back in, my 
friend. 

1063
00:57:35,360 --> 00:57:37,880
Yeah. 
Anyways, dude, so absolutely 

1064
00:57:37,880 --> 00:57:40,360
crazy. 
Absolutely crazy. 

1065
00:57:40,560 --> 00:57:44,960
Michael Saylor dropping the hot 
fireman and really flexing on 

1066
00:57:44,960 --> 00:57:47,040
Wall Street and absolutely 
embarrassing. 

1067
00:57:47,320 --> 00:57:50,320
So hopefully Sally comes back 
for the culture. 

1068
00:57:50,320 --> 00:57:53,800
But Opti, I think it'd be a good
idea to talk about self custody.

1069
00:57:53,800 --> 00:57:56,360
What do you think? 
Yeah, if Sally doesn't pop in, 

1070
00:57:56,360 --> 00:57:58,040
of course we could always do 
that. 

1071
00:57:58,320 --> 00:58:00,200
Absolutely. 
All right, ladies and gentlemen,

1072
00:58:00,200 --> 00:58:02,920
no more delay. 
Let's jump into the culture. 

1073
00:58:02,920 --> 00:58:06,560
But before we do that, I do want
to give a very, very special 

1074
00:58:06,560 --> 00:58:09,920
shout out to our sponsor. 
Of course, I'm talking about 

1075
00:58:09,920 --> 00:58:12,520
Bitcoin Evangelism by Brian De 
Mint. 

1076
00:58:12,800 --> 00:58:15,680
You can get yourself a copyright
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1077
00:58:15,680 --> 00:58:18,440
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1078
00:58:18,440 --> 00:58:22,120
Bitcoin Evangelism by Brian De 
Mint is an absolute beast of a 

1079
00:58:22,120 --> 00:58:24,960
resource for orange building. 
No coiners and alt coiners 

1080
00:58:24,960 --> 00:58:27,080
alike. 
This is a book for bitcoiners 

1081
00:58:27,080 --> 00:58:30,120
who know Bitcoin but have a hard
time explaining it to their 

1082
00:58:30,120 --> 00:58:32,360
friends. 
It's a book for bitcoiners who 

1083
00:58:32,360 --> 00:58:35,560
are trying to explain Bitcoin 
only to alt coiners. 

1084
00:58:35,560 --> 00:58:37,840
It's available on Amazon right 
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1085
00:58:37,960 --> 00:58:40,720
You can scan the QR code on your
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1086
00:58:40,720 --> 00:58:43,120
It will take you directly to 
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1087
00:58:43,120 --> 00:58:45,840
yourself a copy. 
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1088
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Decentralized Solution. 

1089
00:58:48,360 --> 00:58:50,600
All right, everybody, let's get 
to the culture. 

1090
00:58:50,680 --> 00:58:52,760
We have a lot to talk about. 
Let's check it out. 

1091
00:58:55,160 --> 00:59:04,960
The Daily Culture. 
Everybody. 

1092
00:59:04,960 --> 00:59:08,240
I do want to give a shout out to
cabin racks. 

1093
00:59:08,440 --> 00:59:13,320
They're the most trusted place 
to buy, sell and host mining 

1094
00:59:13,360 --> 00:59:15,480
equipment. 
You gotta check out their racks,

1095
00:59:15,480 --> 00:59:18,400
and the way you do that is by 
scanning the QR code on your 

1096
00:59:18,400 --> 00:59:19,960
screen. 
Or you could check the link in 

1097
00:59:19,960 --> 00:59:22,720
the video description. 
Check out their inventory on 

1098
00:59:22,720 --> 00:59:24,320
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Connect with the member of their

1099
00:59:24,320 --> 00:59:25,960
sales team. 
They make purchasing their 

1100
00:59:25,960 --> 00:59:29,880
products easy and transparent. 
You could also sell your mining 

1101
00:59:29,880 --> 00:59:33,880
equipment with them access their
vast network of domestic and 

1102
00:59:33,880 --> 00:59:36,840
international customers. 
When you sell your main 

1103
00:59:36,840 --> 00:59:40,440
equipment with kaboom rack. 
So what are you waiting for? 

1104
00:59:40,440 --> 00:59:44,480
This is where I personally buy 
my Bitcoin Mining 86. 

1105
00:59:44,640 --> 00:59:48,920
Check out kaboom racks today. 
All right, everybody, let's, 

1106
00:59:50,120 --> 00:59:53,520
let's let's talk Somebody's is 
Sally here is Sally he. 

1107
00:59:53,520 --> 00:59:54,560
Was just here. 
Yeah. 

1108
00:59:54,560 --> 00:59:55,800
Let's see. 
Let's try this. 

1109
00:59:55,800 --> 00:59:57,360
Let's try this. 
All right. 

1110
00:59:57,520 --> 01:00:00,560
Sally, are you here? 
Sally, can you can you hear us, 

1111
01:00:00,560 --> 01:00:07,160
Sally? 
Going once, going twice, going 

1112
01:00:07,160 --> 01:00:09,760
to a Yep. 
No, it seems like his connection

1113
01:00:09,760 --> 01:00:13,160
isn't working out. 
All right, all right, all right.

1114
01:00:13,400 --> 01:00:16,520
Well, let's talk self custody. 
Look, I did a poll in the chat. 

1115
01:00:17,520 --> 01:00:19,520
You know, I was thinking like, 
why? 

1116
01:00:19,520 --> 01:00:20,880
Why do you guys Bitcoin? 
Why? 

1117
01:00:20,920 --> 01:00:22,520
Why do we Bitcoin in the 1st 
place? 

1118
01:00:22,560 --> 01:00:26,480
And the chat overwhelming 
overwhelmingly says freedom. 

1119
01:00:26,840 --> 01:00:30,480
And part of that freedom is you 
have to self custody your 

1120
01:00:30,480 --> 01:00:33,440
Bitcoin. 
As we all say in Bitcoin, if it 

1121
01:00:33,440 --> 01:00:37,200
if you don't own the keys, then 
it is not your Bitcoin, not your

1122
01:00:37,200 --> 01:00:40,360
keys, not your Bitcoin. 
And so I do this all the time 

1123
01:00:40,760 --> 01:00:45,760
and I I, I continue to try to 
get you guys up to date and make

1124
01:00:45,760 --> 01:00:49,240
sure that you guys are taking 
your Bitcoin into self custody. 

1125
01:00:49,240 --> 01:00:51,600
There is in my opinion it's 
super simple. 

1126
01:00:51,960 --> 01:00:56,680
What really is the hard part is,
is the mental obstacles that you

1127
01:00:56,680 --> 01:01:00,600
have to do in the beginning. 
I think like once you understand

1128
01:01:00,600 --> 01:01:05,440
why you huddle Bitcoin and how 
to take self custody, it becomes

1129
01:01:05,440 --> 01:01:08,280
second nature. 
But the first step like you 

1130
01:01:08,280 --> 01:01:12,040
know, acquiring or sourcing 
Bitcoin Coin can be its own 

1131
01:01:12,040 --> 01:01:15,720
hurdle in general. 
And then the next step is taking

1132
01:01:15,720 --> 01:01:19,320
that Bitcoin either off in 
exchange or maybe you are one of

1133
01:01:19,320 --> 01:01:22,280
the lucky few that can do 
peer-to-peer transactions the 

1134
01:01:22,280 --> 01:01:25,280
first time you ever touch and 
interact with Bitcoin. 

1135
01:01:25,520 --> 01:01:28,760
And so usually that means that 
you have to download a wallet. 

1136
01:01:28,840 --> 01:01:33,760
And I think personally, maybe 
this is not the best, the best 

1137
01:01:33,760 --> 01:01:37,640
advice for long term storage, 
but usually the best way to do 

1138
01:01:37,640 --> 01:01:40,440
this is by just downloading a 
mobile wallet. 

1139
01:01:40,720 --> 01:01:44,280
And I have a bunch of wallets. 
I've been trying new wallets on 

1140
01:01:44,280 --> 01:01:47,440
my phone, You know, I'm an I'm 
an Apple Maxi, so you know, 

1141
01:01:47,440 --> 01:01:50,080
whatever. 
And let me just get some. 

1142
01:01:50,080 --> 01:01:52,640
So I love Blue Wallet. 
Blue Wallet to me, has been my 

1143
01:01:52,640 --> 01:01:55,440
daily driver for On Chain for a 
long time. 

1144
01:01:56,320 --> 01:01:58,760
There's also Green Wallet, Green
Wallet's, a great wallet. 

1145
01:01:59,040 --> 01:02:03,240
And then I've been trying some 
new wallets recently just 'cause

1146
01:02:03,240 --> 01:02:06,240
I try to keep up to date with 
wallets and I'm I'm trying to 

1147
01:02:06,240 --> 01:02:11,080
find something that I can start 
to use that is as as easy to use

1148
01:02:11,080 --> 01:02:13,760
as Wallet of Satoshi. 
We haven't fully got there yet, 

1149
01:02:13,760 --> 01:02:17,080
but if you are trying to pay to 
use Bitcoin on Lightning, 

1150
01:02:17,280 --> 01:02:21,280
there's Breeze Wallet, there's 
Phoenix Wallet, there's Zeus if 

1151
01:02:21,280 --> 01:02:22,560
you have your own Lightning 
node. 

1152
01:02:23,320 --> 01:02:26,480
And then the the newest latest 
runners is of course Aqua that's

1153
01:02:26,480 --> 01:02:29,080
using Liquid and Lightning as 
payment rails. 

1154
01:02:29,360 --> 01:02:32,120
And I just downloaded Bitkit 
wallet this morning. 

1155
01:02:32,120 --> 01:02:34,720
I was trying it out, it seems 
super cool. 

1156
01:02:34,720 --> 01:02:39,280
I haven't uploaded it yet. 
I even was trying the Noster 

1157
01:02:39,480 --> 01:02:43,200
application Primal which I guess
has a lightning wallet attached 

1158
01:02:43,200 --> 01:02:45,240
to it. 
So I haven't fully worked on 

1159
01:02:45,240 --> 01:02:46,800
that one, but that seems pretty 
cool. 

1160
01:02:47,040 --> 01:02:49,600
I haven't. 
I haven't totally used it but it

1161
01:02:49,600 --> 01:02:55,000
it seems like an an awesome new 
iteration on lightning Wallace. 

1162
01:02:55,000 --> 01:02:58,320
And then of course you know we 
have our sponsor. 

1163
01:02:58,880 --> 01:03:01,440
If you really want to update get
yourself a hardware wallet. 

1164
01:03:01,440 --> 01:03:04,680
I love the the foundation 
passport by foundation and then 

1165
01:03:04,680 --> 01:03:08,720
of course the other other ones 
here you know the Jade for the 

1166
01:03:08,720 --> 01:03:11,760
price point absolutely great. 
I got the translucent one you 

1167
01:03:11,760 --> 01:03:16,400
can see it's it's getting a a 
green screen of course cold card

1168
01:03:16,400 --> 01:03:18,080
wallet. 
You guys know that and if you 

1169
01:03:18,080 --> 01:03:21,440
want to buy or rather build 
yourself one off the shelf 

1170
01:03:21,440 --> 01:03:26,600
parts, there's a seed signer and
in my or there's desktop guys, 

1171
01:03:26,800 --> 01:03:30,440
you know the desktop. 
If if you don't want to go buy a

1172
01:03:30,440 --> 01:03:34,600
hardware wallet you can also 
download like Electrum, Bitcoin 

1173
01:03:34,600 --> 01:03:38,640
Core, Sparrow, Spectre on your 
laptop or your desktop. 

1174
01:03:38,880 --> 01:03:41,640
These are all great choices in 
my opinion. 

1175
01:03:41,640 --> 01:03:44,720
I'm sure there's some other ones
that that you guys might 

1176
01:03:44,720 --> 01:03:47,680
recommend, but these are the 
ones that I use and it's very 

1177
01:03:47,680 --> 01:03:50,520
simple guys, What you want to do
and and this is probably the 

1178
01:03:50,520 --> 01:03:53,440
best practice, what you really 
want to do is say you bought 

1179
01:03:53,440 --> 01:03:55,560
some Bitcoin on an exchange 
using Bitcoin. 

1180
01:03:55,560 --> 01:03:59,760
Well or whatever your favorite 
exchange of choices don't send 

1181
01:03:59,760 --> 01:04:02,640
all your Bitcoin at once. 
What you need to do is send a 

1182
01:04:02,640 --> 01:04:06,440
test transaction, maybe go check
out manpool dot space so you 

1183
01:04:06,440 --> 01:04:07,800
don't. 
Actually it doesn't really 

1184
01:04:07,880 --> 01:04:10,520
matter coming out of exchanges, 
they'll usually pay the fees, 

1185
01:04:11,280 --> 01:04:14,440
but send a test transaction, 
don't send it too small of one 

1186
01:04:14,640 --> 01:04:18,600
send, I don't know 5-10 dollars 
and then you'll probably have to

1187
01:04:18,600 --> 01:04:23,280
consolidate those UTXOS. 
But send a test transaction to a

1188
01:04:23,280 --> 01:04:25,840
wallet that you control. 
Make sure you have written down 

1189
01:04:25,840 --> 01:04:28,960
your seed. 
You can use paper for now, but 

1190
01:04:28,960 --> 01:04:32,400
eventually you want to. 
Where is my eventually you want 

1191
01:04:32,400 --> 01:04:35,320
to get it to titanium or 
something that is 

1192
01:04:35,320 --> 01:04:38,040
indestructible. 
Stamp, seed, stamp, Seed. 

1193
01:04:38,080 --> 01:04:40,960
Exactly. 
And then promo code stamping. 

1194
01:04:41,200 --> 01:04:45,880
Yeah, and then erase the wallet.
Literally nuke the wallet and 

1195
01:04:45,880 --> 01:04:47,920
you're like, Oh my God, I just 
sent money to it. 

1196
01:04:47,920 --> 01:04:50,720
Why would I nuke the wallet? 
Well the point is if you have 

1197
01:04:50,720 --> 01:04:54,360
those seeds words backed up then
you can get back into that 

1198
01:04:54,360 --> 01:04:56,880
wallet and once you get back 
into the wallet and you see that

1199
01:04:56,880 --> 01:05:02,080
your 5-10 dollars is there then 
send your whole stack to your 

1200
01:05:02,080 --> 01:05:04,440
wallet. 
And then another thing to really

1201
01:05:04,440 --> 01:05:07,800
be considering about is we are 
starting to see, especially with

1202
01:05:07,800 --> 01:05:11,800
all the you know, ordinal guys 
and the and the on chain NFTS 

1203
01:05:11,800 --> 01:05:17,360
and all that crazy spam. 
As far as I'm concerned the the 

1204
01:05:17,360 --> 01:05:20,120
fees might get crazy and we're 
going to move into a bull run 

1205
01:05:20,120 --> 01:05:23,560
and as more people jump on 
Bitcoin the fees might get 

1206
01:05:23,560 --> 01:05:25,160
crazy. 
So make sure you're 

1207
01:05:25,160 --> 01:05:27,960
consolidating your UTXOS and 
this is as simple as just 

1208
01:05:27,960 --> 01:05:31,000
sending a transaction with all 
your Bitcoin to a new address 

1209
01:05:31,280 --> 01:05:34,960
and that will consolidate your 
UTXOS and your Bitcoin. 

1210
01:05:35,360 --> 01:05:38,840
You know, I I did, I just read 
an article by my boy Joe Rogers 

1211
01:05:38,840 --> 01:05:41,400
at Bitcoin Magazine. 
You guys could go check it out. 

1212
01:05:42,000 --> 01:05:45,440
I think the recommendation is 
make sure sure that if you are 

1213
01:05:46,000 --> 01:05:49,320
consolidating your UTXOS for 
long term, you want to at least 

1214
01:05:49,320 --> 01:05:54,480
have like a 10 million SAT .1 
OBTCUTXO minimum. 

1215
01:05:54,840 --> 01:05:57,480
Obviously there is some privacy 
concerned. 

1216
01:05:57,480 --> 01:06:00,120
Maybe you don't want to put your
whole stack into one UTXO 

1217
01:06:00,120 --> 01:06:02,160
because when you send your 
Bitcoin you might be exposing 

1218
01:06:02,160 --> 01:06:04,400
your holdings to people that you
maybe don't want to do. 

1219
01:06:04,600 --> 01:06:07,240
So you can consolidate these and
and think about this 

1220
01:06:07,240 --> 01:06:09,240
differently. 
You can have like your long term

1221
01:06:09,640 --> 01:06:13,440
a huddle storage which is like a
big UTXO and then you can kind 

1222
01:06:13,440 --> 01:06:17,160
of have your your checking 
account and the big UTXO could 

1223
01:06:17,320 --> 01:06:19,480
basically be considered your 
savings account and then some 

1224
01:06:19,480 --> 01:06:23,440
small UTXOS that you can maybe 
send to like a Lightning wallet.

1225
01:06:23,440 --> 01:06:26,800
I I love Phoenix. 
I I'm one of my buddies kind of 

1226
01:06:26,800 --> 01:06:29,120
got mad at me because there's 
you know you have to send like a

1227
01:06:29,120 --> 01:06:31,920
big transaction to Phoenix 
before it really works 

1228
01:06:31,920 --> 01:06:34,640
seamlessly. 
Of course there's also Mutiny. 

1229
01:06:34,640 --> 01:06:38,240
I love my boys over at mutiny. 
There's also Coin OSI haven't 

1230
01:06:38,240 --> 01:06:41,720
fully used it but it does seem 
to be working very good on a web

1231
01:06:41,720 --> 01:06:43,880
browser. 
But the process is very simple. 

1232
01:06:43,880 --> 01:06:48,080
Guys acquire Bitcoin any way 
possible. 

1233
01:06:48,080 --> 01:06:50,880
Usually first steps for most 
people is an exchange. 

1234
01:06:50,880 --> 01:06:53,520
Go to bitcoinwell.com. 
I don't know if there's a slash 

1235
01:06:53,520 --> 01:06:58,840
simply Bitcoin URL yet, but 
stack Bitcoin and then get 

1236
01:06:58,840 --> 01:07:01,680
yourself a mobile wallet. 
Send your Bitcoin to that mobile

1237
01:07:01,680 --> 01:07:03,680
wallet. 
Again, the reason we tell you 

1238
01:07:03,680 --> 01:07:06,960
this is because not your keys, 
not your Bitcoin. 

1239
01:07:06,960 --> 01:07:09,800
We believe the revolution is 
self custody. 

1240
01:07:09,800 --> 01:07:12,880
We understand that most of you 
guys out there are just retail. 

1241
01:07:13,000 --> 01:07:16,600
You guys are just average 
everyday people like us and you 

1242
01:07:16,600 --> 01:07:19,840
guys aren't institutions and you
probably don't even have a four 

1243
01:07:19,840 --> 01:07:24,200
O 1K like myself. 
And so you just want to hold an 

1244
01:07:24,200 --> 01:07:27,520
asset that cannot be debased. 
And so you're stacking and 

1245
01:07:27,520 --> 01:07:31,080
you're saving and Bitcoin. 
So you want to make sure that 

1246
01:07:31,080 --> 01:07:33,440
you are holding keys for 
yourself. 

1247
01:07:33,440 --> 01:07:36,000
Make sure you don't take a 
picture on your phone. 

1248
01:07:36,160 --> 01:07:40,840
Make sure that C doesn't go to a
cloud because you're exposing 

1249
01:07:40,840 --> 01:07:44,440
your basically keys to the 
Kingdom. 

1250
01:07:44,440 --> 01:07:47,640
And this is the most important 
thing to be doing guys, is 

1251
01:07:47,640 --> 01:07:49,360
taking Bitcoin into self 
custody. 

1252
01:07:49,640 --> 01:07:53,360
As more of us join the Bitcoin 
parallel economy, as more and 

1253
01:07:53,360 --> 01:07:57,160
more merchants start to adopt 
Bitcoin, as more average 

1254
01:07:57,160 --> 01:08:00,360
everyday citizens start to use 
Bitcoin, this peer-to-peer 

1255
01:08:00,360 --> 01:08:02,120
economy will start to 
proliferate. 

1256
01:08:02,320 --> 01:08:04,800
And like Neel Kashkari was 
saying in the beginning you'll 

1257
01:08:04,800 --> 01:08:09,000
start to experience and run into
more people using Bitcoin. 

1258
01:08:09,000 --> 01:08:10,640
But the process is super simple 
guys. 

1259
01:08:10,880 --> 01:08:13,360
Get Bitcoin on an exchange. 
Danger, I don't care, you know, 

1260
01:08:13,360 --> 01:08:17,640
use Robosat or you know huddle, 
huddle or bisque. 

1261
01:08:17,640 --> 01:08:19,520
There's a lot of ways to get 
Bitcoin. 

1262
01:08:19,760 --> 01:08:23,760
I think that that is the that 
that part to. 

1263
01:08:23,840 --> 01:08:25,680
There's a lot of debate and 
there's a lot of contention in 

1264
01:08:25,680 --> 01:08:27,520
Bitcoin. 
To me, just get Bitcoin. 

1265
01:08:27,520 --> 01:08:30,800
Once you're in Bitcoin, I I 
don't think it it really matters

1266
01:08:30,800 --> 01:08:33,960
at the end of the day when we 
win this monetary war. 

1267
01:08:34,279 --> 01:08:36,760
But download a wallet. 
I like Blue Wallet. 

1268
01:08:36,760 --> 01:08:39,960
Blue Wallets been a solid, 
sturdy wallet for me for years. 

1269
01:08:39,960 --> 01:08:42,399
Now it's one of my daily 
drivers. 

1270
01:08:42,600 --> 01:08:44,680
I'm starting to play with some 
more Lightning wallets. 

1271
01:08:44,680 --> 01:08:47,200
Of course, if you're not in the 
United States, just download 

1272
01:08:47,200 --> 01:08:48,520
wallet Satoshi. 
Again. 

1273
01:08:48,800 --> 01:08:51,120
There's there's contention 
because it's custodial, but it 

1274
01:08:51,120 --> 01:08:53,800
works and that's what most 
people want. 

1275
01:08:53,800 --> 01:08:55,319
They want the convenience a bit 
working. 

1276
01:08:55,720 --> 01:08:56,399
Amen. 
Amen. 

1277
01:08:56,680 --> 01:08:57,080
Yeah. 
And. 

1278
01:08:57,080 --> 01:09:00,840
Then just do the testing that I 
was telling you, and then make 

1279
01:09:00,840 --> 01:09:03,920
sure that your seed's backed up.
And once you know that you're in

1280
01:09:03,920 --> 01:09:08,319
control of that wallet, then 
dump your savings into Bitcoin. 

1281
01:09:08,319 --> 01:09:09,520
Continue to stack. 
Go. 

1282
01:09:09,560 --> 01:09:14,800
Check out BTC sessions if you 
guys still need help with 

1283
01:09:14,840 --> 01:09:18,560
onboarding. 
Passport by foundation. 

1284
01:09:18,560 --> 01:09:21,960
They offer a concierge 
one-on-one on boarding. 

1285
01:09:21,960 --> 01:09:24,880
If you guys need help setting up
your hardware wallet or check 

1286
01:09:24,880 --> 01:09:27,680
out BTC Sessions. 
He offers one on ones as well 

1287
01:09:28,479 --> 01:09:31,200
and it'll help you. 
You know it's kind of like a a 

1288
01:09:31,720 --> 01:09:35,200
hold your hand. 
And of course our sponsor the 

1289
01:09:35,200 --> 01:09:40,040
Bitcoin way and they offer a 
concierge service as well but 

1290
01:09:40,080 --> 01:09:45,120
from everything by the way. 
So wall node setup, wallet 

1291
01:09:45,120 --> 01:09:48,800
setup, anything that you can 
think of. 

1292
01:09:49,080 --> 01:09:52,960
The Bitcoin way guys have your 
back, so definitely, definitely 

1293
01:09:52,960 --> 01:09:56,000
check them out. 
Wait, can we can we read this 

1294
01:09:56,080 --> 01:09:59,080
Comment? 
Optimist field central bank 

1295
01:09:59,080 --> 01:10:01,920
paleontology expert says simply 
Bitcoin. 

1296
01:10:01,920 --> 01:10:03,160
What is it? 
Simply bearish. 

1297
01:10:03,160 --> 01:10:06,320
Only bears Consolidate. 
UT, XLS Why should I consolidate

1298
01:10:06,320 --> 01:10:08,840
if Bitcoin is Infinity dollars 
per SAT? 

1299
01:10:09,120 --> 01:10:11,680
Yeah bro, you're trolling, 
you're trolling consolidate your

1300
01:10:11,680 --> 01:10:15,160
UTXOS. 
Good UTXO hygiene is important 

1301
01:10:15,160 --> 01:10:16,800
guys. 
And and then you know you could 

1302
01:10:16,800 --> 01:10:20,440
also eventually move towards 
like a multi 6 setup. 

1303
01:10:20,440 --> 01:10:24,480
Maybe consider coin joins. 
All that stuff follows, but for 

1304
01:10:24,480 --> 01:10:29,120
you guys just getting your toes 
wet in self custody, just 

1305
01:10:29,120 --> 01:10:32,520
download a wallet on your phone.
100%, it's. 

1306
01:10:32,520 --> 01:10:36,920
Very simple guys A. 100% Yeah, 
so and like I said, guys, check 

1307
01:10:36,920 --> 01:10:41,960
out the Bitcoin way. 
If you guys need help this, it 

1308
01:10:41,960 --> 01:10:44,960
is literally your Bitcoin IT 
team. 

1309
01:10:45,560 --> 01:10:48,160
They'll help you with self. 
They'll help you with wallet 

1310
01:10:48,160 --> 01:10:51,120
individuals, businesses, 
inheritance planning, 

1311
01:10:51,640 --> 01:10:53,640
inheritance planning, concierge 
service. 

1312
01:10:53,640 --> 01:10:56,360
So they have your back, So 
there's apps, there's so many 

1313
01:10:56,640 --> 01:11:02,160
different avenues, so many 
different ways for you to get to

1314
01:11:02,160 --> 01:11:06,880
get on boarded to properly 
secure your Bitcoin future. 

1315
01:11:06,880 --> 01:11:09,880
The the wealth for your for the 
future generation. 

1316
01:11:09,880 --> 01:11:14,600
So you have absolutely no excuse
And and Opti walked you through 

1317
01:11:14,920 --> 01:11:17,400
every single wallet on the face 
of the earth. 

1318
01:11:17,560 --> 01:11:20,760
You're a blue wallet. 
You're a blue wallet junkie. 

1319
01:11:20,800 --> 01:11:22,720
I mean, blue wallet is good for 
the phone. 

1320
01:11:22,800 --> 01:11:26,000
I forgot Electrum and for the 
phone it blew all out. 

1321
01:11:26,000 --> 01:11:26,440
It's good. 
It's. 

1322
01:11:26,480 --> 01:11:27,640
Great for the phone. 
I love the. 

1323
01:11:27,640 --> 01:11:31,480
Phone For the phone it blew all 
it's good, but for for desktop, 

1324
01:11:31,480 --> 01:11:33,880
spare and spare electric. 
Yeah, yeah. 

1325
01:11:33,880 --> 01:11:35,360
And let's spare Electrum or 
dope. 

1326
01:11:35,720 --> 01:11:39,960
Let's kind of flush this out a 
little bit guys like putting 

1327
01:11:39,960 --> 01:11:43,480
some Sats on your phone in a hot
wallet for like a short term, 

1328
01:11:43,480 --> 01:11:47,600
maybe some spending Sats like 
that in my opinion is good. 

1329
01:11:47,600 --> 01:11:51,680
But if you are storing your 
Bitcoin long term, then you 

1330
01:11:51,680 --> 01:11:56,920
know, you consider like a 
Sparrow or Electrum or you know,

1331
01:11:56,920 --> 01:12:01,720
just going OG with Bitcoin Core 
or hardware wallets like this is

1332
01:12:01,720 --> 01:12:04,960
what they're for is to secure 
your Bitcoin long term. 

1333
01:12:05,320 --> 01:12:09,080
And then, I mean, some people 
would even say like if you're 

1334
01:12:09,080 --> 01:12:12,040
not going to spend Sats, just 
send it to cold storage and you 

1335
01:12:12,040 --> 01:12:13,720
know Bitcoin and you'd be good 
100. 

1336
01:12:13,800 --> 01:12:16,520
Percent Anyways, before we wrap 
it up, I do want to give the 

1337
01:12:16,520 --> 01:12:19,880
results of the poll, Opti asked 
In the beginning, Why do you 

1338
01:12:19,880 --> 01:12:23,880
Bitcoin? 
55% of you said freedom, 23% of 

1339
01:12:23,880 --> 01:12:28,400
you said FU money, 10% of you 
said permission lists, and 9% of

1340
01:12:28,400 --> 01:12:35,240
you said number go up. 261 
people participated in the. 

1341
01:12:35,840 --> 01:12:39,080
Mellow says in the chat the true
answer to the survey is yes. 

1342
01:12:39,080 --> 01:12:40,120
Yes. 
Why do you buy? 

1343
01:12:40,160 --> 01:12:41,720
Exactly. 
Just yes. 

1344
01:12:42,080 --> 01:12:44,040
Anyways guys, I hope you enjoyed
the show. 

1345
01:12:44,040 --> 01:12:45,360
My name is Nico. 
I'm your host. 

1346
01:12:45,360 --> 01:12:48,160
This is my legendary Co host 
Optimus Fields. 

1347
01:12:48,240 --> 01:12:50,240
We're in number one source for 
the peaceful Bitcoin revolution.

1348
01:12:50,240 --> 01:12:51,840
If you guys have enjoyed the 
show, you know what to do. 

1349
01:12:51,840 --> 01:12:54,680
Smash that like, but consider 
subscribing if you feel like we 

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01:12:54,680 --> 01:12:57,680
provided you value. 
And we'll see you tomorrow for 

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01:12:57,680 --> 01:13:00,480
the Thursday episode of Simply 
Bitcoin Live.