Dow Bitcoin is literally pumping through 109,000 right now as
we're going live it's making an all time all time high, but why?
That's the real question anyways, we got a special show
lined up for you guys today. We reached out to a man who's
had a decade of experience trading in Bitcoin.
You guys know the man tone vase himself to talk about Bitcoin
breaking all time highs. We're going to unpack it, we're
going to talk about it and we're going to talk.
We're going to see where it's going next.
Anyways, no more. Let me bring up tone on stage.
Tone bays in the house and of course, my legendary Co host
who's always optimistic optimist fields Tone.
Welcome to the show. Bitcoin is breaking all time
highs, man. What's your take on this because
we had like a pretty rough start and Bitcoin has been deviating
compared to previous bull markets.
Yeah, Bitcoin has definitely been underperforming previous
bull markets, so this is great. I mean, all it has to do now is
go to 200,000 right before the end of the year and it kind of
catches up and becomes in line a little bit with the prior bull
market. So this is absolutely awesome.
And yeah, the charts are very, very bullish.
I can pull those up if I need to, but we did a show this
morning on the Financial Summit YouTube channel and I'm getting
ready to go to Vegas to I may or may not stop by the big Vegas
conference. I know you will be there
covering and speaking. I don't actually have a ticket.
I may or may not have a ticket. I'm not even sure.
But I'm there for Unconfiscatable which will be a
poker tournament on Friday, May 30th and it's a free event.
So the poker is already sold out.
But as far as hanging out with us, it's an all day free event
now so people can join, which is going to be awesome to celebrate
Bitcoin hitting these new all time highs and everything is
going for it in its favor right now.
Trump has stopped the insanity of the stupid tariffs, and that
was what was crashing the market, the tariffs on China.
He went away from that stupidity and the stock market has
recovered. The stock market is near all
time high, and whenever the stock market goes up, Bitcoin
goes up. I've talked about this
correlation many, many times, and it's very good for the stock
market, for Bitcoin when the stock market rises.
So we are in this environment again, where the stock market is
bullish, Bitcoin is bullish. American states are looking to
create strategic reserves for Bitcoin, and that's a great
positive development. Hopefully, Trump is still going
to lower taxes and especially capital gains taxes, and that's
going to be a nice boost for Bitcoin as well.
Sure, there'll be some selling, but there will be more buying
than selling. The ETFs have been picking up
Bitcoin mostly. One ETF has been picking up
Bitcoin, that is the BlackRock ETF.
It is completely dominating the market.
And I think out of all prior breaks of all time high, I think
this one is the the one that's happening with like the least
news, the least fanfare. It's kind of flowing under the
radar, and that's also a very, very bullish for Bitcoin.
So tone, you've been in the markets for a long been in
Bitcoin for a long time. And then I, I want to go back to
the one of the first things that you said that I think has
underwhelmed a lot of people, right, which is Bitcoin has
underperformed this cycle. Now my question to you is,
wasn't that expected as Bitcoins market cap continue to grow?
Do you think that the introduction of the ETFs and a
lot of these, it seems like this cycles all coins or this cycles
IC OS happen to be these Bitcoin treasury companies that are
popping up left and right. Do you think that's taking a lot
of, you know, bitcoins potential gains?
Maybe, but it has really underperformed the cycle.
I mean, usually in the past at this time, this is what Bitcoin
has already topped in many cases, right?
So this is the area where Bitcoin tops in prior bull
cycles. Bitcoin tops in like December of
2024 comparatively. And we're already in May of 2025
and we are just now starting to break out.
So we are in the performing, but that's OK because this bullish
cycle could last a little bit longer in terms of time, which
would also be a good thing. But yeah, I am factoring in the
fact that we're not going to get the same percentage return as
before. But even saying that Bitcoin is
still looking at 202 hundred and 10,000 and that would still come
up shy percentage wise. And that would be a normal
cycle. If Bitcoin starts to break
200,000 by the the end of this year, that would be in line with
prior cycles. And let me ask you something
else tone like so you know, and that's the expectation, that's
the general consensus, right? Bitcoin hits to 200 to 250 K by
the end of the year. Everyone, that's basically what
everyone's feeling. My question to you is, do you,
do you think the cycles are still a thing?
Do you, do you, do you, do you see 2026 as a bear market?
Are we going to trend down the rest of 2026, especially with
all this momentum not only on Wall Street but also on the
regulatory side? Like Trump's win was absolutely
massive for Bitcoin from a regulatory perspective in the
United States. Do you think that plays into
account in terms of Bitcoins price action heading into what
normally would be considered a bear market year, which would be
2026? Yeah, I still think we're we're
going to hit a, a bull, a bull market pop and then trend into a
bear market probably sometime in 2026, maybe not in the beginning
of 2026, but towards the end of 2026.
So I, I don't think the four, I don't think the four year cycle
has changed all that much. So what is a four year cycle to
me? To me a four year cycle is a
significant new all time high followed by a big drop.
And that tends to happen for Bitcoin within four years.
We are now just two years into the current cycle from the
halving. The halving was oh, no way, I'm
sorry. The halving was one year ago,
right in 2024. So the halving was one year ago
and yeah, so we're about two years into the cycle.
So we can have one more year of upside followed by a quick
correction that can take up to a year.
So I still think in a four year period, we're going to have a
critical top followed by A50 plus percent correction.
But if this top happens at Bitcoin 250 or 300,000, that
means a 50% drop will only take us down to even above current
crisis. Yeah, man.
And that's, that's absolutely crazy.
And, and why do you think what, what is your, what's your
reasoning as to why you think Bitcoin has underperformed,
taking into account the fact that it's, it's much, much
larger asset class Wall Street has involved.
Like why do you think it has underperformed?
Because I think a lot of us are feeling that in the Bitcoin
community. And yeah, what, what, what, what
do you think went into that? Oh, I I don't really have a good
answer for that. Everything is going well for
Bitcoin right now and I completely agree with you.
One of my main reasons to why why why Trump deserved the vote
from the general public is Bitcoin, especially the
Bitcoiners. There was no way there was
anybody else that you can vote for.
Trump was the absolute best candidate for the Bitcoin prices
to rise. Now there are still a lot of
concerns with in the Bitcoin space as to how the Bitcoin is
being held and which companies and institutions are acquiring
Bitcoin. So those things are to be
debated. But as far as the price of
Bitcoin is concerned, yeah, there was no doubt that the
Trump presidency would be absolutely bullish for Bitcoin.
And I really thought that after he got elected, there would be a
little more of a rise. And instead we fell 30%.
So that was a little unexpected. And I don't really have a good
explanation. I don't get into conspiracy
theories. Oh, it's the big institutions
holding the price down so they can buy cheaper.
I don't believe in that. So look, it is what it is.
I guess. Too many people were already in
and there was nobody left to buy.
That's usually my explanation for why prices don't do what
they're supposed to do on the way up.
So I was talking to some O GS like yourself tone and you know,
basically asking the same question I just asked you.
And the general consensus is we don't know, right That that
exactly what you just said is like no one knows.
And then the general consensus too is we don't know who's
selling either. And then the general consensus
was that these are people that, you know, bought Bitcoin under
$1000 and you know, they're they're selling some to kind of
upgrade their lifestyle a little bit.
Do would you agree with that? Yeah, but that always happens,
right. So that always happens.
I know, I, I, I know some people that are looking to sell once
the price goes up a little bit more that I've been holding out
for a little while. And yeah, there will definitely
be some selling coming in on this bull run, especially from
the people that got in around the pandemic that got in in
2017. These people have been waiting
for this style payout. So there will definitely be some
selling. But man, Bitcoin is just
becoming a household name. It's Bitcoin is approaching
what, 17 years, 1617 years, You know it it's not much longer
before new entrants into the workforce are entering the
workforce and Bitcoin is older than them, right Like like at
that point you can't say that it's a fad.
Oh, it's not going to be with us for a while Well, it's been
around longer than you were born.
So why are you asking for Fiat in your paycheck when bitcoins
been around longer than you've been alive and it's still here
and still rising? So I think that demand from
people entering the workforce that have always had Bitcoin
around them and it's existed and they've heard about it, I think
that's going to really drive the circular economy in Bitcoin.
Yeah, I, I 100% I mean, there's people that I, for example, I
just had a daughter like she was born into a world with Bitcoin,
right? Like that is not the case for
most of us. You know, we, we kind of lived
and we, we discovered Bitcoin. A lot of people are being born
with Bitcoin exists, right? And that's a completely
different phenomenon. Me and Opti are old enough to
remember when the Internet was kind of introduced, you know, so
it, it's, it's surreal, right, that some people are, you know,
just like the zoomers, like we let Opti and I say Opti's a
zoomer at heart are kind of. Millennial.
Are Internet native. There's there's, you know, this
new generation, I think it's called generation alpha.
I think that's the. Name We might be on beta now I.
Don't know. I don't know, but they were born
into a world where Bitcoin like is already existed.
So they're they're Bitcoin native.
It's a Bitcoin native generation.
They might not even know what the Fiat system is.
Anyways, I do want to pull up this this trend chart tone,
which I find really saying because I think we all if if you
guys have been watching the simply Bitcoin channel for a
while now, you guys remember the 2017 era, right, which is the
absolute mania phase. Bitcoin started the year under
$1000, ended the year with a roughly 20,000 and then we had
the 2021 bull market, which I would say was also a little bit
of an underperformance. A lot of people speculate as to
why that happened. I would say the China, the China
mining ban played a major role. I, I made a, when I introduced a
panel at unconfiscatable, your conference tone.
I, I made a whole case as to why I believe that was the reason.
But if you just take a look at the Google trends, I mean they
speak for themselves. People have not been searching
Bitcoin like we haven't made an all time high in terms of
interest since 2017. In fact, we haven't even
surpassed the 2021 interest all time high in this cycle of 2025,
right? So in terms of retail, it seems
like retail is completely asleep at the wheel or they're just not
interested in Bitcoin at all. Do you see that trend continuing
tone? I do, I do.
Oh, can can you do one more search there?
There's a if you go back to that window.
So I don't like to search for the word Bitcoin.
I like to search for the word buy Bitcoin.
So if you search the key term buy Bitcoin, let's see what it
looks like. It's going to look very similar.
And yeah, it's flying completely under the radar, which is great.
It's great. Why?
Why is that great? Because that spike's going to
happen and when it does, the price is really going to spike.
Remember these those spikes, right?
The 2021 version and the 2017 version, that's what happens at
the very end of the bull market. That's not what happens in the
beginning of the bull market, right?
So just check where where that move started in 2021 or in 2017.
So right around there, right? That's September, October 2020.
And then it ends in April of 21, OK, January, February 21, right?
So we're just getting started. So once you get that spike,
that's when the bull market is probably over.
Yeah. So you essentially and then and
then you could kind of see the same, Yep, 2017 it was literally
at the top, at the, at the, at the tippity top and we're
essentially going sideways. So essentially what the the case
that you're making tone is the bull market hasn't even started
yet. Not this one, No, not not not
this bull market. Well, no, the bull market has
started, but the final acceleration into FOMO has not
yet started. We're just breaking the prior
all time high, which to me is one of the most bullish places
to buy Bitcoin. So from this point on, I'm
expecting at least a 50% rise before the bull market's going
to end. One, one thing I wanted to ask
you as well, if you take a look at the coin verse gold price,
and I find this really interesting, we actually haven't
made all time highs. If you price Bitcoin and gold
essentially, or maybe we barely made all time highs, but
essentially, you know, if you account for Fiat, yes, we've
made all time highs, but you know, you adjust for inflation.
I think the Bitcoin to gold price I think is more accurate.
Essentially, we've been going sideways for four years now.
Since 2021, the Bitcoin price versus gold has been going
sideways. Is, is this what you're talking
about with in terms of the underperformance tone?
Because I think we all feel this.
If if you've been in Bitcoin for a couple years now, you feel
this. Maybe you might not see you've
never seen this chart before, but you feel it, at least on an
instinctual level. Yeah.
No, that's, that's the chart that's also going to take off.
I mean, gold has performed very, very well over the last three to
six months, while Bitcoin has been down along with the stock
market. Bitcoin is a lot more correlated
to the stock market than gold is.
And now that stock market is rising again, Bitcoins rising as
well. And I think Bitcoin is going to
outperform gold significantly over the next six months.
So again, now that we're breaking the prior all time
high, I'm, I'm expecting 125 to come very soon.
But ultimately I'm, I'm pretty bullish right now.
Like it's, it's hard to put upper targets on it.
I hate putting upper targets on it.
I have a much easier time putting low targets on Bitcoin.
And of course when it misses those targets by like 1 or $2000
people complain. In this particular bear market,
when we started falling from 109,000, my ultimate low bear
market target was around 7172 thousand.
We fell to 74 and people are complaining that I got it wrong.
But hey, to each their own. But I have a much easier time
picking low end targets. I don't really have a reference
for picking upper targets. There's very few metrics you can
use to identify upper targets because FOMO can set in and so,
but I'm bullish. I'm I'm I'm expecting 125 in the
next month or two, 150 before the end of the year and probably
200 plus before this bull cycle is over.
But this bull cycle could last all the way into the middle of
next year. So you are seeing potentially
into 2026, we essentially have, you know, kind of like this
extended bull market compared to the regular norms and it's kind
of uncharted territory. And then you are expecting some
type of correction like we've seen in Bitcoin's history,
despite BlackRock being involved, despite you know, all
these big players, you still expecting, you know, a 50 to 60%
correction, which is completely normal in in Bitcoin terms.
I'm actually concerned that the correction could be worse than
in the past. So it depends how we top.
If we continue to go up slow and steady, slow and steady, this
bull market could last another year.
Now, again, that's the difference, right?
Let's say we top at 250,000. Things would play out very
differently if we hit 250,000, you know, by August versus we
hit 250,000 in March of next year, right?
It's like, how do you get to 250,000?
Is it something like 2017 or is it something like that?
That's going to be very, very slow and steady.
Now, when the bear market eventually begins and there's
always a bear market, it's going to be a bit of a disaster
because this time around the ETFs are actually going to be
selling Bitcoin now, I BlackRock is not actually involved, right?
So yes, BlackRock has the biggest ETF, but BlackRock is
buying ETF on behalf of users, on behalf of you, on behalf of
me, on behalf of anyone else holding the ETF.
BlackRock itself, I don't think they're holding any Bitcoin.
I mean, maybe they are a little, but people have to realize that.
I mean, there's again, conspiracy theories aside that
the 650,000 Bitcoin that BlackRock is holding on behalf
of its users is actually, you know, Blackrock's Bitcoin.
But it's. Bitcoin on behalf of its users,
right? So it's not BlackRock buying,
it's not BlackRock selling, it's average people buying and
selling. BlackRock is just who who's
executing those trades on our behalf.
And this time around, when the bear market comes and people
start selling the ETFs, that Bitcoin is actually going to hit
the open market and drive the price of Bitcoin down.
This is not what was happening in any prior bear market.
In all prior bear markets GBTC would go into a a discount but
they would never be able to sell any of that 600,000 Bitcoin on
the open market driving the price of Bitcoin even lower.
So back when in the last like proper bear market this actually
saved us from going down to below 10,000 when FTX collapsed
and the price of Bitcoin was 15,000.
Dude do you believe the price of Bitcoin was 15,000 just like 3
years ago? No, it's unbelievable.
It's unbelievable from I think we're spoiled as bitcoiners,
right? You talk about $15,000 Bitcoin
right now and it's like, wow, you mean I could have bought a
third of a Bitcoin for $5000? Like that is unconceivable,
right? So it was.
Three years ago And what was it in 2023 or 2022?
When was the FTX thing it? Was.
November. I'm trying to remember.
I got, I got I'll, I'm looking it up on my end.
Yeah, Bitcoin was 15,000 in November of 22.
So Yep, in January of 2022 you could have still bought Bitcoin
under 20 grand. January 23, sorry, January 23,
So a little over two years ago, you're buying Bitcoin at under
20K. That's crazy, Yeah.
That thing things fly and it's incomprehensible, especially
when you're going through those kind of, I wouldn't say dark
times if you've been in the space for a while, you kind of
get used to it and numb. But but when you kind of go
through those, those that those volatility swings, especially to
the downside, it's inconceivable, you know,
thinking that you're going to see 100.
The thing is, you know, deep down inside, you're going to hit
$100,000. But one thing is like thinking
and theorizing in your mind and another thing is actually like
living it and seeing the ticker actually hit those prices.
Anyways, I do Opti, we got you in the show today.
Me and Tona been going kind of back and forth bro.
All time highs. This is an all time high for
simply Bitcoin $109,570 during the recording.
So yeah, we we, we, this is all time high territory.
I love these types of shows. Opti and I have officially been
discussing. Let us know you guys's opinion
in the live chat. We are officially sunsetting
Satoshi the Bitcoin chicken and we're doing air horns instead,
so we're going to do we're going to have special air horns for
all time highs before I get optic thoughts, I do want to
give a shout out to the live stream.
We got 2176 people watching live between YouTube and X and shout
out to the rumble crowd. Roughly 100 of you guys watching
live on rumble. If you guys are enjoying today
simply Bitcoin live, make sure to smash that like button.
The YouTube live stream going in strong with 741 live viewers
smash that like button help us break 200 likes by the time we
get to the new segment anyways opti, what are your thoughts bro
all time highs and we got tone vase in the house you know why
we made all time highs today is because tone was scheduled to
come on the show tone is part of the O GS he controls the price
he's in that telegram chat and he planned this he scheduled
this because he knew he was coming on simply Bitcoin we.
Scheduled this like 2 weeks ago. I actually forgot it's
incredible. Halloween.
We rescheduled this like 2-2 weeks ago and it's happening on
the day we broke all time high, that's all.
This is true. This is true.
I, I, I literally had to call Tone.
I reminded Tone this morning. I said, hey, Tone coming on the
show. He's like, yeah, looking forward
to it. No, that's not what you said.
That's not what you said. You said, hey, see, see, see you
later. I thought you about.
Vegas like I and then I and then two minutes before we go live, I
call Tone like, hey, Tone, are you coming on the show?
Yeah, I'll be there in a minute anyways.
But he he might. I don't know.
Anyways what are your thoughts
bro? How do you feel all time highs?
Do you feel numb to this? Do you want more?
Does this scratch the 2017 inch? Well, First off.
You said see you soon bro and I haven't seen you in like 3
months. So.
I wasn't sure what soon, man, I actually thought about Vegas.
I should have been more specific, man, but I was
excited. I was excited because you're
coming on the show anyways, Opti, what are your thoughts,
bro? Are you feeling right now?
Hold on, before I get to that, we might have to pivot on the
nuking the chicken because apparently the loves the
chicken. I'll.
Bring back the. Chicken, how am I feeling, bro?
It feels good. This is the first time in a long
time that we hit, you know, all time high.
We've been kind of chopped solid dating going sideways.
I've been playing, you know, Phil Collins in the air tonight,
this morning in our meeting. You know I'm feeling the vibes.
It feels good. I you know, This is why we're
here. This is why we do Bitcoin.
Obviously freedom as well, but number go up is just a feeling
that never gets old here. These these are the moments when
you remind yourself why you spend literally every moment of
every day talking about this and commit your life to talking
about Bitcoin. These are the moments that we
love. So yeah, it feels good.
It feels like, you know, we're back and it feels awesome.
We're we're you know, technically we're we're kind of
you know, correcting a little bit.
It looks like one O 9271 currently, but you know,
considering everything you guys talk about one, it looks like
retail is still asleep at the wheel.
We're at all time highs and the Chad's kind of saying maybe
people aren't using Google to search for buy Bitcoin anymore.
Maybe they're using AI, which could be a factor.
It could be a consideration here.
But two, we're also, you know, competing right now with Amazon
for 5th largest asset in the world.
So, you know, as long as we kind of maintain where we're at, we
might be able to secure that by the end of the day.
But yeah, I I feel good. It feels really, really good
right now. Obviously we're not happy with
just all time high. You know, we want to go where
Tone was saying 200 K plus by end of year 2026.
But this is this is where the fun happens.
If I think actually I'd I'd like to ask Tone this, if we close
above all time high today, does that mean we are going in price
discovery mode? Like what?
What do you think the chart you know the price candle structure
is going to be if we do close above all time high today?
But it's very, very bullish and I've said this many times.
The only time where the only time and almost the only asset
where this failed me in my analysis was the closure app new
all time highs in November of 21.
That was the only time this viewpoint has failed.
Anytime you take three to six months or longer to get back to
an all time high after a significant correction and you
close above that. And we already closed above it
yesterday, right? So yesterday was the new daily
all time high close. Last week was the new weekly all
time high close. Today we broke intraday all time
high. So that means we probably got a
new hourly all time high close. So now we're at all time highs
across the board. We reached those all time highs
about four, 3-4 months ago and I think we're headed significantly
higher. At a minimum you take the
difference between these highs of like 105106 to the lows which
was about 7475 thousand and that gives you about 35,000.
So that is what that should be the upside.
That should be the minimum upside from this point.
So we are looking at about $140,000 price at a minimum with
these closures above new all time highs from a chart
perspective, those are the minimums that I am working with
over the next three months, three to six months, it could be
tomorrow, but over the next few months.
Incredible, incredible. And then what are you expecting?
So we hit 140 KA 150K. We have, you know, do we
consolidate there, you know, chop down a little bit and then,
you know, spark back up to 200. What is your expectation, Tom
Base? You know, we're, we're going up
fairly quickly without any significant corrections.
So look the higher we go, the higher we will stay on the
correction. But percentage wise, I really
think we're going to top sometime in the sometime in the
teens. I think there'll be a top in the
next sometime this week or next week at around 1:15, 1/16 and
then a pull back into the upper 90s or low 1000 or low 100
thousands. So I do think we're going to
pull back to this $90,000 level no matter how high we go at this
point. So even if we go to 1:50,
there's a high probability of a correction down into the 90s or
low 1000, low 100,000. I'd rather have that happen now
than later. I'd rather have us pull back
into 100,000 from closer to 120 and then we can go to 1:50 and
then we only need to pull back to 120.
So either way we are going to back test these areas of upper
90s to lower 100 thousands and that can start as soon as next
week. So hopefully it happens sooner
than later. So last question for you Tone,
regarding the Google trends before we move on to the numbers
segment. Then the new segment.
We got a jam packed show for you guys today.
So smash that like button if you guys are enjoying it.
Question for you Tone. So do you think that because of
Bitcoins price, right people, you know, I think a lot of I
think in 2017 when you're looking at $1000 Bitcoin or
$5000 Bitcoin, it seems somewhat affordable for, you know, the
everyday person. Do you think the unit bias is
coming into account now in terms of they, you know, they, they
log into the most people don't know, they log into Coinbase and
they see $109,000 Bitcoin. They're like, that doesn't make
sense to me. You think B cash Yeah, they're
buying, you know whatever you. Know no the the unit bias is
definitely coming in and I always expected the the unit
bias of Bitcoin to be addressed once once it's consistently
above 100K. So after this bull run, it would
be nice if everyone is not talking about a price of a
single Bitcoin. It will be way better if people
are talking. I really thought bits was going
to be the unit, but it looks like it's going to be Satoshi's.
So I will finally start, you know, referencing Bitcoin and
Satoshi's myself and I think it is time to start.
Then the you guys could drive this bus with your YouTube
channel to start and talking about Bitcoin, you know, pricing
it in Satoshi's instead of dollars, so it'll be sorry
instead of full bitcoins and I think that would help a lot.
The unit bias is going to be a factor.
I completely, completely agree. I think the unit bias is
definitely a big factor and it sounds a whole lot better, you
know, to say, hey man, I have. I just bought a million
Satoshi's versus saying I bought .01 Bitcoin like that kind of
sounds a little bit lame versus dude I bought a million
satoshi's like that sounds badass anyways.
Next year unconfiscatable I'll be pricing it as 1,000,000
Satoshi's instead of .01 Bitcoin.
And I will make it to the next one.
Guys, if you haven't signed up, go check out Tone Baze's poker
tournament Unconfiscatable happening the last day of the
Bitcoin conference May 30th next week.
You definitely don't want to miss it the last two
tournaments. I got to say I don't have
experience in poker, but somehow I made it to the last table, so
I'm patting myself on the back a little bit there.
Anyways, Opti, any comments, thoughts, ideas?
Before we move on to the numbers segment, I do want to give a
shout out to the live stream 808 live viewers on YouTube alone,
1649 live viewers on X and shout out to the Rumble stream 100
live viewers on Rumble. Smash that like button if you
guys are enjoying the show Opti. Yeah, I mean, I, I absolutely
love that we are back to the bits Sats debate.
I've been trolling like all year or I literally trolling for a
year about bits versus SATS and I'm like a SATS guy.
It just makes sense to me. And I do like bits, though bits
does seem to kind of, you know, really, I don't know, fall into
how we view dollars and cents, you know, like $1.00 million
dollars, 100 pennies in $1.00. Like it just, it seems very
simple, but I mean, I don't know, Sats make perfect sense to
me. Maybe I've drinking the kool-aid
too much. But I, I do think unit bias is,
is kind of a thing right now. I know I talk to people and we,
we get this, this trope constantly on the show.
You know, I can't buy a whole Bitcoin.
And it's like, guys, you can buy a fraction of the Bitcoin, but
it just doesn't sound as good. But we do talk about, you know,
sats per dollar constantly every single day.
So yeah, Nika, I guess maybe, maybe we need to switch over to
SAT SAT's the standard. We will get people to understand
what sats is and I mean look the whole unit bias thing it it
really just kind of goes into Bitcoin in general like there is
a lot to learn in Bitcoin and I think you know a million stats
in one bitcoin's probably the the the easiest thing to learn
here. So I I got.
Hope in humanity 100 million. What did I say?
You said a million. Well, 100 million, yeah,
whatever, you know what I'm saying, 100 million in one
Bitcoin, I think that's the easiest thing to to learn here.
Like I, I think people can adapt to that.
If they can learn sense, they can learn sats anyway.
I mean we might have to rebrand simply sats bro instead of
simply Bitcoin anyways, guys, I do want to give a shout out of
course, simply Bitcoin is powered by our partners.
So I do want to give a shout out to our lead sponsor.
The best to build your automatic self custody Bitcoin stack
bitcoinwell.com. What we love about Bitcoin well,
is that it's an automatic self custody Bitcoin on ramp.
What does that mean? That means that when you buy
Bitcoin on Bitcoin well, as soon as the funds clear, it goes
straight to yourself Custody Bitcoin wallet address, which
perfectly aligns with the simply Bitcoin ethos because after all,
self custody is the revolution to get started, you put in your
e-mail address after going to bitcoinwell.com/simply and bada
Bing bada boom within 2 to 5 minutes, you're ready to buy
Bitcoin. Every time you buy Bitcoin on
Bitcoin well, you earn something called Bitcoin well points and
you can redeem those points towards these prizes that I'm
showing on the screen. A stamp seed plate, an orange
cyber truck, a Simply Bitcoin hoodie, a bid ax solo miner.
Or you can toss a coin into the wishing well, which we're going
to be doing live for you guys right now.
Get your Lightning wallets ready.
Every single time you toss a coin into the wishing Well, you
have an opportunity to win up to 1,000,000 Satoshi's.
Today's prize is 362 sats. If you go to
bitcoinwell.com/simply using that URL specifically, you get 3
tosses into the wishing well with your first Bitcoin
purchase. So three opportunities to win up
to 1,000,000 SAT Sounds good to say that's like $1000 these
days. Anyways, guys, it's going to be
a great show. Stay tuned.
We're going to hit the number segment.
Tons to talk about and we got Tone Bays joining us on the
show. We'll be right back in just a
second. I want to tell you guys about
our sponsor stamp seed. Is your Bitcoin and cold storage
really secure? Are your seed words really
secure? Stamp Seeds Do it yourself kit
has everything you'll need to hammer your seed words into
commercial grade titanium plates instead of writing them down on
paper. Don't do that.
Paper sucks. You want to literally stamp your
seed into this plate of titanium.
Your words are actually stamped into the metal plate with this
hammer. So once your words are in, they
aren't going anywhere. No risk of the plate breaking
apart and your pieces falling everywhere.
Titanium stamp seeds will survive nearly triple the heat
produced by a house fire. They are also crush proof,
waterproof, non corrosive and most importantly, because this
is generational wealth time proof, all things that paper is
not allowing you to huddle your Bitcoin for the long haul.
I mean, here is the plate that they crushed, they put in water,
they put a blowtorch to it. And as you can see, the words
have survived. Stamp your seed on stamp seed
and you can use promo code simply to get 15% off anything
on their store. Head over to stampse-ed.com
today. All right everybody, we are
back. At the time of recording, the
Bitcoin price is $109,300. That's I think the highest we've
read with Clark Moody's dashboard block hide 897,720.
The the chicken, it forgot how to clock, bro.
It's like a it's like a chicken on life support and it's a
rubber chicken. Sats per dollar 915 sats per
dollar Market caps 2.17 trillion.
Bitcoin versus gold market cap 9.36% Percentage issued 94.6%
Decline from all time high .5%. Feels good to say realize
monetary inflation .84%. Anyways, what I want to talk
about today is metaplanet. Holy effing Shigaba, blah blah.
This is crazy. This is nuts.
This is wild. They're up 98% in the trading
day, up from I believe a couple dollars.
It's like $2.00 in the couple days ago.
Yeah, it's $4.00 in in the beginning shot all the way up,
it's at $14.60, up 97% in a single day.
And of course you have a very kind of similar performance
overall with MicroStrategy. I don't think MicroStrategy has
reached all time highs, but the point remains Metaplanet,
another Bitcoin holding company coming out of Japan, this was a
kind of failing hotel chain that was really impacted by the
pandemic and they pivoted to a Bitcoin strategy.
And this stock is just, man, it's going crazy.
So I have a very difficult question for you, Tone Vase.
You know, should people buy Metaplanet or MicroStrategy
instead of Bitcoin 'cause it seems like these stocks are just
going absolutely effing crazy Tone.
Yeah, if look, if you have some kind of information before it
happens, right. And after that, like you said,
right now MicroStrategy is not at, it's at it's all time high,
but Bitcoin is, right. So when you catch these things
properly, yeah, they're going to give you a way higher percent
return. But when everyone knows it
exists, buying it. At this point you're probably
better off buying Bitcoin and self custody Bitcoin.
People forget the self custody part of Bitcoin is one of the
most important parts. So yes, if you have an
opportunity to make some ridiculous return because
something a ship coin is going to pump over a short term, yes,
you can do it. In this case, it's a little bit
better than a ship coin because these companies are actually
holding Bitcoin, but it it's also a company holding Bitcoin
and they're not self custodinian, just like sailor is
not self custodinian, somebody else is.
So there's all these additional risks.
And yes, if you're able to get in on it early and you're able
to capture that percent return early, that's great.
But AF. But once everyone already knows,
it's just adds significant volatility to the equation.
And if you think the market has bottomed and you enter one of
these trades and the market didn't bottom and it still goes
down for another month and another 10% down on Bitcoin,
these stocks can go down 1520 thirty percent.
Yes, they'll recover, but you got to make sure you have
enough, you know, bankroll to hold through that.
And the simplest thing to do is just to buy Bitcoin, put it in
self custody, stamp the private key so you don't lose it and and
you're good to go. And if you have a long enough
time horizon, that is the safest choice.
And and I completely agree with you as as you know, full through
on through Bitcoiners, you know, spot Bitcoin in self custody in
your own possession is the way to go.
Like that is Bitcoin right now. What worries me a little bit
this cycle tone is do we have a huge, I mean effing huge influx
of pure number go up crowd? You know, back in, you know,
back in our era, tone it was, you know, separation of money
and stay, you know, sovereignty, unconfiscatable money.
You know, that was what it was all about.
Right now, I believe with kind of like the introduction of Wall
Street kind of coming into the scene, everyone, this is what
I'm the general consent, like Twitter essentially has become a
trap, like Bitcoin. Twitter has become Bitcoin tried
fi Twitter, because that's what it that's what I as an outside
observer, that's what I'm looking at.
People are just they're looking at the gains and the
conversation of, you know, taking Bitcoin into self
custody. It's, it's, it's almost as if
it's being muted into the background.
So what's your opinion on that? Are we moving away towards, you
know, is the normalization of other people holding your
Bitcoin is, is that accelerating?
Yeah, it's an unfortunate situation, but it's something I
always expected and it's something we have to live with
that, yeah, people are not going to be self custody in their
Bitcoin. And it's it's it, it could
potentially be a problem in the future.
It's a problem I've been discussing for a long time.
What happens when the US government decides to come for
the Bitcoin held in Coinbase custody, that there is nothing
anyone will be able to do about that.
And hopefully everyone would wise up and, you know, pull the
Bitcoin out and hold on to it as much as they can.
But I'm also not expecting this in the next few years.
So I think we have one more bull cycle in it.
I think this bull cycle and probably the next bull cycle.
And after that, once Bitcoin is over that $1,000,000 threshold,
once Bitcoin is challenging gold's market cap, it's a
serious, serious concern that at that moment, the government can
easily, you know, take control of it.
And this is also why, like, foreign governments may not get
in on it, right? If the majority of the Bitcoin
is controlled by American entities, it makes it tricky for
China and Russia to buy a lot of Bitcoin because the United
States can confiscate a big chunk of it.
So we'll see which way the trend goes, but I'm not very
optimistic that the trend's going to go in the right
direction. And let's talk about that tone
because there's a lot to unpack there, right?
Which is, you know, eventually the US government is going to
pull, you know, AI forget what the executive order is, what the
number was, you know, a executive order 6102 on Bitcoin.
It, it seemed seems like you're very confident that that will
happen. I think and then coming from my
perspective as well, and we're going to talk about this just
during the news segment, by the way, I got some clips lined up
and I got some stories and so happy that tone's here to join
us. But it's, it's becoming
incredibly obvious that there is absolutely no way or intention
that the US government, you know, has any idea of that.
They I just, I don't think they had, they don't not only can
they not pay down the debt, they don't have any intention of
paying down the debt either, right?
So it's it's two things and I think they might see Bitcoin as
kind of like this bailout, right?
Is that kind of your thinking behind it?
Tone? Yeah, maybe.
But you also have to realize that if the government does
confiscate the Bitcoin, the price of Bitcoin probably
crashes big time. So I don't think it's a solution
to the debt problem. I I don't know.
They have no interest in paying down the debt.
They can't pay down the debt. I, I don't know how that's going
to resolve, but in their attempt to self preserve, I just that
that's what I see the the same order as the gold confiscation
happening to Bitcoin. And This is why it's so
important to self custody. And that's why it's so important
to spread the knowledge of self custody.
Yeah. And what do you think and how
does that world look like, right, where essentially the US
government goes out and says, hey, you know what?
The self custody of Bitcoin is illegal.
Any Bitcoin in in custodians, you know, it now belongs to us.
You know what does that world look like for Bitcoiners that
you know are taking Bitcoin into self custody?
Well, I'm hoping that it just leads to the a lot of decent
amount of Bitcoin is held like like diversified through states.
And this finally leads to that breakup of the US into multiple
countries with multiple states, because that could be the only
way for like for it to survive. Yeah, and interesting.
Wow. All right, Opti, what are your,
what's your take on this? And then on the new segment, we
have a lot to unpack. We're going to get to in just a
SEC. Yeah, well, I'm just going to
kind of troll you on the Metaplanet stock because I don't
know if you guys know we are rebranding from simply Bitcoin
to simply Bitcoin stocks here because it looks like it's all
about Bitcoin treasury companies.
And and that person that Nico's talking about is himself.
He keeps saying, man, I should have just bought MicroStrategy
and Metaplanet, what am I doing? Like what what is going on?
But I am always echoing what Tone is saying here.
It is all about self custody and and yes, of course, for whatever
reasons, you know, you could have various reasons if you need
to get your money or it's stuck in capital markets and you know,
you want to buy these stocks. I'm all I'm all OK with it.
Obviously you're going to get some good gains here, but the
real the real move here is what Tone's saying is you take
Bitcoin into custody. This is how you protect
yourself. Yes, we are kind of getting into
this. I don't know if like Venus
flytrap is the right metaphor here, but that's kind of the
vibe I'm feeling right now we're seeing Actually, I'd like, I
would like tone this. Do you think Bitcoin treasury
stocks right now is the new alt season?
Oh boy. By the way, with all these
solutions, right, let me tell you what's not a solution to
this potential Bitcoin confiscation problem, a ship
coin of interest to you that that is not a solution to the
Bitcoin problem. Now, the US government has a big
problem with its treasuries because who wants to buy U.S.
Treasuries because of the depth of the United States and the
path of the United States is on. And also with all these
sanctions around the world and the tariffs and all the other
stuff that the US is doing, countries around the around the
world are buying less and less of American debt.
And I try to keep, I try to keep up to date the data of which
countries are holding how much American debt.
And Russia sold all of American debt that they had like 10 years
ago because they saw the writing on the wall.
China has been, you know, lessening the debt that they're
holding more and more, and it's been Europe and the Caribbean
islands picking up the slack of buying American debt.
And Europe ain't exactly in good situation either.
So I think one of the worst assets to hold is American debt
or the depth of any country. Basically.
I think national debt is a huge, huge problem.
And that reckoning is coming very, very soon.
Yeah. But 100% agree.
We're going to cover more of that as it relates to that
during the news segment. And then guys, stay tuned.
During the culture segment, we're we're going to talk all
things unconfiscatable and of course Opti's got some things
lined up as well. So we will be right back in just
a second. We're going to hit the news.
I want to give a shout out to our sponsor Casa.
Casa makes self custody easy and secure.
As a Bitcoiner I care about holding my own private keys, but
multi sig can sometimes get tricky.
Casa nails it with a multi key security.
So even if one key gets lost or stolen, your Bitcoin stays safe
and you don't give up custody. Meaning no one could access your
Bitcoin but you. No seed phrase anxiety, no
singer point of failure. I've been telling my friends and
family about Casa for years. Their UX and UI on their app is
by far the best in the industry. Inheritance planning is built
in, and they even offer Casa for business.
If you're thinking about a Bitcoin treasury, hit up Casa
dot IO today and use promo code simply to get 10% off Casa
Standard or Casa Premium. Head over to Casa dot IO.
I want to give a shout out to our partner coin kite.
If you take your Bitcoin security seriously, you'll need
the best Bitcoin hardware wallet on the market to take self
custody. That's where cold card comes in
The cold card Q is the most advanced Bitcoin signing device
ever made. It's got a full keyboard, larger
screen and NFC support, making air gap signing easier than
ever. It's built for power users who
want the ultimate security without sacrificing usability.
And if if you're looking for a battle tested on compromising
cold storage, the Cold Card MK4 is your go to.
With PSPT signing an industrial grade secure element and USBC,
it's the perfect blend of security and convenience.
Both devices are of course 100% Bitcoin only open source and
built by Bitcoiners for Bitcoiners.
Secure your Bitcoin the right way with the Cold Card queue and
the MK4. Head over to coldcard.com today
and use promo code simply to get 5% off anything on the store.
All right, everybody, we are back and this is Opti, and Opti
is holding the Cold Card queue. It's the best Bitcoin hardware
wallet in the game. It's completely open source,
it's easy to use, and you can use promo code simply to get 5%
off anything on the cold card store.
We were just talking about self custody.
Do self custody man. Get yourself a cold card
hardware wallet. Scan the QR code in the on the
video right now or check the link in the video slash podcast
description. Anyways, I do want to talk about
this and I'm so happy that we have tone on the show and I will
say say the tone tone we are on YouTube.
So don't go too don't don't go too hard on us.
But something I found really interesting.
So there's this video that essentially went on, you know,
on on it was making the rounds on X and I'll give a little bit
of context here, right this last year, right, this last election,
crazy, crazy election for anyone who's been paying attention,
right, the US essentially wasn't a fork, wasn't a fork in the
right. It's going to go One Direction
or it's going to go the other direction.
Now we are Bitcoin show. We're not a a a new show.
So we're going to kind of tie this into as it relates to
Bitcoin. But one of the things that Trump
campaigned on was cutting spending.
That was a big part of his campaign.
In fact, he got one of the he got the richest man in the
world, a dude that literally invented self landing rockets
and self driving cars, Elon Musk to be part of that government.
And Elon essentially promised the American people with doge,
not not the altcoin, but the department of government
efficiency that he was going to go in there and he was
essentially going to cut government, make government
less, I mean more efficient. And the amount of the amount of
pushback that he got. I mean they were setting Tesla's
on fire, you know, they were, you know, threatening him,
etcetera, etcetera, to the point that even people of the party
that he sunk money into getting elected, you can make an
argument that they weren't supporting it right.
And beauty on wrote this amazing post and when I saw this video
of must, to me, it was incredibly obvious as a
bitcoiner that the system itself is addicted to Fiat money.
It's addicted to Fiat money. And if you think that a system
that's addicted to Fiat money, it's source of power comes from
Fiat money, Do you do you think they're just going to just walk
away willingly from that? I think it's a bit naive and
it's not taking into account human nature.
So I'm going to play you guys this clip of Elon and then I'm
going to read some posts by myself and then beauty on and
then we're going to get tone thoughts on it.
So let's check out the clip, I think in terms of.
Political spending. I'm going to do a lot less in
the future. And why is that?
I think I've done enough. Is it?
Is it because of blowback? Well, if I see.
A reason to do political spending in the future.
I will do it. I don't know.
So here's another clip. My question is more about your
work at DOGE, for example. Was that worth it?
You know, to the extent you are now, Elon, you are somewhat
divisive figure two years ago, but now you really are.
I mean, there are people who love you, but there are a lot of
people who dislike you, some of whom were your customers and I.
And I wonder, was it worth the undertaking at DOGE and
everything else that you've done and how outspoken you've been in
terms of the things you believe in to antagonize so many
potential buyers and or users of things like a robot taxi?
Well, I mean, unfortunately, what I've learned is that legacy
media propaganda is very effective at making people
believe things that aren't true. I can't play that second part.
But essentially, you know, they, they kind of convinced the world
that Elon is, you know, comes from a certain political
philosophy. Now, here's the thing.
Now this is the kind of the, the, and I got to give credit
where credit is due to me and Opti, because we've been calling
this for the last couple of months now.
And I think Bitcoiners fundamentally understand this.
You can tell Elon's frustration like by those two interviews,
you could see it in it, it, it in his eyes, right, that it
doesn't matter either. He he came in there as an
entrepreneur trying to fix the system.
He did all the right things. He did.
And essentially it was sabotaged.
And what I came up with, I think that I wrote this this morning,
I said all his efforts with Doge to cut spending were sabotaged
either by the media or the system itself, regardless of
party. And I'll get to that in a
second. The only solution to like
actually reasonably cut the size of government is the separation
of money and state. And here's the thing, this is an
interesting phenomenon and I think it's something that
Bitcoiners fundamentally understand.
And it kind of ties back into what Tone was saying in the
beginning, in the beginning of the show.
This isn't a changing of the system through votes or through
kinetic action. This is actually the Bitcoin
revolution is a Bitcoin is a revolution of individuals
reclaiming back their financial sovereignty by opting out of
political money entirely and going into Bitcoin, therefore
reclaiming back their power and financial sovereignty in the
process. That is the only solution to the
spending problem. There is no other solution.
If Elon Musk could not solve the problem, that speaks for itself.
Now beauty on goes even harder in the paint.
I'll see how much of this is YouTube friendly, but he says
Elon's mistake was his belief in that's a very his belief in the
system, and that politicians are motivated by the good of the
people, not self-interest and greed above all else.
Had he realized this, he would never have embarked on his
campaign to reform government. Government workers in the state
itself doesn't seek reform. It seeks at a minimum, the
status quo and at all times to increase the the the health
levels. The correct analysis of the
problem is the understanding that the form of money and the
ability to print it out of nothing is the natural
constraint that needs to be imposed, not regulation or
reform or efficiency. Once the state can't print money
at will, the automatic result will be the constraint of the
spending of the state because there is no money.
Elon didn't realize this in time.
He mistakenly believed that something that is inherently
corrupt could be made non corrupt.
He thought Bitcoin was a joke or partially believing the certain
people in the environmental movement that somehow Bitcoin
uses a lot of electricity and was quote, bad for the
environment. Had he had not taken this
position, he would have fully embraced Bitcoin, knowing that
it was the key to the complete solution to many problems,
including corruption that we see in governments.
So I'll leave it at that, trying to move the Overton window
slowly but surely and kind of open the conversation that we
have tone here and just take into account that we are on
YouTube. But these are very important
conversations to have, right? You know, this is something that
me and Opti have been saying for many, many, many, many months
now, right? That even with the best
intention, Elon was only able to cut, I think it was like 150 or
250 billion without the amount of blowback from the very system
itself. And something that, you know,
Bitcoiners came to a conclusion to very early on.
Even I think I saw a post from Anthony Pompliano like you can't
stop this train. You can't stop.
You can't, you can't change the system.
The only way you change it's addicted to printing money.
In fact, people's livelihoods, you know, come from the money
printer. You can get into an ethical
conversation about that and all that discussion.
But what I'm trying to say is if you want smaller government, you
need to take away the government's ability to print
money. And you can't do that in a, in a
traditional political sense, the only way of really doing that is
by opting out of the system entirely and opting that opting
out into Bitcoin. And you do that on the
individual level. This is not a collective thing.
I'm telling you guys, I'm speaking to you through a camera
and on the Internet and blah, blah, blah, blah, blah.
But that's what a Bitcoin in essence is.
It's an individual revolution. It's, it's you as an individual
reclaiming back your sovereignty and opting out of politics in
general, right? Because listen, it doesn't
matter. And, and if you live in a
country that has a relatively unstable Fiat currency, you'll
see this quicker like you did, the fact that you live in the
US, you have a lot of financial privilege in the sense that you
have a Fiat currency that is somewhat stable.
But if I was having the same discussion and making the same
argument to someone in Venezuela who is, or someone in Argentina
who is essentially forced to live under bolivares or pesos,
and I was making the same exact argument, you would understand
it like this. And the beauty of Bitcoin is
that you don't have to wait for whoever is in power to make
those said changes. You can essentially adopt A
Bitcoin standard and everything around you is going to
essentially lower in cost as time goes by.
Instead of you living on this inflationary type of mindset, an
inflationary standard, you actually start to live on a
deflationary standard and it completely changes the entire
ball game. So I do want to give credit for
Elon for trying, but at the same time, Opti, did we not call this
like 6 months ago? We hit the nail on the head.
We said, dude, it's impossible. He's not going to be able to do
it. You can't change the system
within within the system. What you can do as an individual
is opt out of the system entirely.
Now tone. All that being said, what's your
take on this man? Again, I think it was reasonably
easy to predict if you understand human nature.
I, I, I don't understand how he was able to save 200 or 300
billion. I think that number is grossly
overstated. I know they cut a bunch of
irrelevant stuff that was a few 100 millions of dollars of all
of, I don't know, some USA aid and some of the other crazy
stuff. But all of that is irrelevant,
right? Like the US government spends
like 6 or $7 trillion a year. I actually have all of these
numbers in a spreadsheet that I maintain.
So it's Last year, the federal government spent almost $7
billion. That was last year's number.
This year, the government is on pace to spend over $7 trillion.
Their tax revenue will collect at best, 5, 5 trillion at best,
which is also probably unlikely. And the budget deficit for 2025,
Trump's first year, will be the biggest budget deficit ever,
excluding the two COVID years, 2020 and 2021, because nobody
was working right and they were printing money like crazy.
There was like no tax revenue, no nothing.
And for whatever money that Elon can possibly save, all of that,
there was a request for $1 trillion towards the National
Defense, which would mean an increase of like $150 billion.
So everything that Elon could possibly save, or that just
means that another department like starting another war will
just absorb that. It is not going to make a
difference whatsoever. And even USAID stuff, yeah, it's
bad. It's, you know, hundreds of
millions of dollars. But what's hundreds of millions
in a budget of trillions? We are talking like 1 penny out
of a dollar. It's Elon finally realized this
and it certainly hurt his company a little bit.
But no, I think private businessmen should stay away
from politics and vice versa. Right?
Like so. We'll see.
We'll see where it all goes. But the US debt is
unsustainable. It will never be changed from
within. Eventually the system collapses
and we'll see what happens next. Hopefully we are in a good
position to build something better.
Some of us are. Yeah, and they're even saying
this, by the way, this isn't just speculation from, you know,
a bunch of bitcoiners on the Internet.
Like you have Jerome Powell, you have the chairman of the Federal
Reserve saying this himself. Like he is literally verbatim
saying that, you know, the United States fiscal, you know,
trajectory is completely unsustainable, right?
You know, I agree with Lenald and nothing stops this train.
Larry Leopard makes the case in the his new book, The Big Print.
Like, yes, they, they, they, they're going to have no choice
but to try to print themselves out of this.
But eventually there's only so much you can print, right?
You know, So of course Bitcoin is the solution to this.
I don't think it's the solution the way that you guys are used
to seeing politics where it's kind of like this vote left or
vote right and vote for Republican or vote Democratic
and you know, and you kind of just go along with, you know,
the person. Bitcoin is a revolution of the
individual, right? It's, it's something that you
can do as an individual to opt out of political money entirely,
therefore improving your life, maybe not immediately, but as
time goes by, just because you're using a better unit of
account to live your life by. Anyways, Opti, you want to chime
in a little bit here before we move on to the next segment.
Yeah, I'll be quick. Just, you know, complete
vindication on my part. Nico, I, you know, I was hopeful
when we first recovering this stuff.
But as you guys are saying, we knew this was going to fail at
some point. And I think, you know, much
bowed out before it was very public, very public failure.
Even like Ton was saying all the stuff that he was trying to cut,
it would hardly put a dent into the national debt.
And like we we knew this was going to happen.
But you know, as Beauty on said, if he actually understood
Bitcoin and really went, you know, the full fix the money fix
the world meme, then maybe his efforts would have produced some
more fruit here, though there is something that must said that I
do kind of agree. And I have been saying it on the
show for a while. And I know we've been kind of
going we're going a little hard on like you are the content
creators now, you are the media now, but must said it.
And I've been saying this for a while, like I think a lot of us
are still underestimating how much power the corporate press
has. And they still have a a very
strong grasp on the public mind share right now.
So, you know, this is just the beginning of the battle.
They like we haven't won anything and as much kind of
realized himself. It's like the corporate
brainwashing, the corporate press that we are up against
still controls the narrative here.
So, like, there's still a lot of work to be done.
And, you know, Musk, Musk admitted it.
He's like, I didn't realize how powerful it was.
And I've been saying this on the show for a while.
Like, yeah, it looks like they, you know, lost the battle here,
but they still technically controlled the the culture here.
And so there's still a lot of work to be done.
Absolutely 100% and hopefully as Bitcoiners, we continue to move
that Overton window and we really wake up people to the
reality that it's not left versus right, it's not red
versus blue. It's really just, you know, are
you pro Bitcoin? Are you pro Fiat?
Like it really comes down to that.
And I don't see why you would want to be pro if you're the
99%. Like if you're just living your
life and you're trying to get by and you're trying to pay your
mortgage and you're trying to pay your rent and you're trying
to like save for the future, like you know, you most likely
are on team pro Bitcoin, right? Whether you realize it or not,
right, Bitcoin will be more more beneficial to your life than
Fiat. I would say Fiat is.
I don't even want to go down that road.
But anyways, guys, I do want to cover this as we continue to try
to move the Overton window wake a lot of you guys up.
Unlike a lot of political shows, as a Bitcoin show, we actually
provide a solution to this. The political shows, they
provide the solution of voting. Nothing really changes.
Regardless of what parties in power, they continue to deficit
spend. You know, one party lowers a
little bit, let the one party lowers your taxes a little bit,
one party raises your taxes a little bit.
But overall, the general movement of the country stays in
the same direction. And if you're a zoomer, you're a
millennial, you know, you're you're you're probably worse off
than your parents, right? That's not fair.
That's not cool, right? So we're at least trying to
provide a solution present to you guys is a solution.
That doesn't mean that it's a, you know, that it's a switch and
then it's automatically going to make your life immediately
better. You have to put in the work.
You have to, you know, make money.
You have to save that money. You have to be disciplined.
But still, at least there's light at the end of the tunnel.
Anyways, guys, we're going to get to the culture segment.
Do you want to give a shout out to the live stream on the verge
of breaking 3000 live viewers between X and YouTube.
Smash that like button. Shout out to the rumble stream
as well. Going hard.
If you guys are enjoying the show, smash that like button.
We're already at 324 likes. Help us break 400 likes by the
time the show ends. I know it's that's very I know
it's a big reach, but I'm just going to put it out there into
the ether anyways, guys, we're going to hit the culture
segment. We're going to be right back in
just a segment. Second, we're going to talk to
the legendary one and only Tone Bay's unconfiscatable in the
house. We will be right back.
I want to give a shout out to our partner Hive Digital
Technology. Why Hive in 2025?
Unstoppable growth as the first ever public miner.
Hive's position to quadruple their global footprint, making
them one of the world's fastest growing miners in 2025.
And with elite operations that consistently topped the industry
in Bitcoin mine, per Exahash. Hive's now headquartered in the
USA. They're lean and mean.
They're green and clean, and they're rewriting the playbook
on sustainable Bitcoin mining. You can catch the latest buzz at
Hive Digital Tech or at Hive digitaltech.com.
You need liquidity without having to sell your Bitcoin.
For more than six years now, Leaden has been the trusted
choice for Bitcoin back lending with transparency, security and
trust at their core. I absolutely love these guys and
I personally not only have an account with them, but also
alone. And some of the key features
that I love about Leaden is the fact that there are no monthly
payments. You pay at the end of the term.
You also have the ability to roll over the loan as well, and
you can pay it back whenever you want.
Essentially, what they do is that they help their clients
unlock the liquidity of their BTC, allowing you to huddle
while still accessing the wealth of your Bitcoin.
They've been battle tested with their focus on transparency,
security, and trust, allowing them to build a proven track
record of client success and security, helping 10s of
thousands of clients harness the value of their digital assets
with confidence and Peace of Mind.
Learn more about what your BTC can do for you today Simply
Bitcoin viewers get .25% off their first loan by using the
link in the video slash podcast description.
What are you waiting for? Head over to leaden dot IO
today. All right everybody, we are back
here with the one, the only legendary tone vase who has
stepped he stepped away a little bit like all Bitcoiners
eventually do you know, they come on to the scene very strong
and then eventually, you know it's you you ride into the
sunset, something you know then we.
Ride into the. Sunset, I think the next cycle,
bro, we're going to pull up Butch Cassidy just, you know, on
a horseback. We'll we'll record it and
everything with the studio. But no, the reason I'm saying
this is tone started this all tone was for anyone who's new to
Bitcoin, anyone who's new to simply tone was essentially
streaming about Bitcoin content when no one was streaming about
Bitcoin content, right? Back in that era, there was no
podcast. There was no, there was nothing
there. Bitcoin and crypto were very
conflated, right? So there weren't just Bitcoin
only content creators like creating content.
It was just kind of conflated, right?
And of course, the tone vase channel, you know, essentially,
you know, really was the vanguard of this, right?
Talking about just Bitcoin, talking about the benefits of
Bitcoin and yeah, man, like you really, you really, you know,
we're we're as simply Bitcoin, we're standing on the shoulders
of giants, right? You guys are seeing like Bitcoin
media and it's like third iteration, you know, and it
continued the production value increases and the bells and the
whistles and the whatever. But you guys don't remember in
the very early days, you know, you'd only see Andreas, you
know, some Max and Stacey videos from RT and Tone vase.
That's it. Nothing else existed.
This is what you guys have to understand back in the day in
the early days of of Bitcoin. So we're very, very honored to
have this legend joining us on the show today.
And of course, his event is coming up next week in Las
Vegas, NV Unconfiscatable, which happens to be one of my favorite
Bitcoin conferences. I've been going every single.
In fact, I got married at the last one, all right.
I got married at the last unconfiscated.
Almost the this was the this the trophy when I won the poker
tournament. But yeah, we don't do the trophy
anymore. So, yeah, man, and it Tone is
legendary and that you know, he, he's been throwing these, these
conferences, you know, for, for, for a long time now.
It's evolved. Now he's just focusing on what
he loves. Tone loves poker, if you don't
know. So Tone, first of all, dude,
thank you so much for joining us today.
It's an absolute honor, brother. Absolute legends in the house.
Yeah, Elains in saying unconfiscated was first Bitcoin
conference. I was a little bit sad when you
told me you were going to pivot a little bit.
But dude, thank you so much for joining us, bro.
Yeah, no, I mean, look on Confiscatable will still remain
in one way or another. There's a couple other ways we
can go. It is a free event this year.
Just show up. There's no sign up, there's no
registration. The venue holds like 400 people.
So hopefully we fill out the venue information on the website
on confiscatable.com. Poker tournament is sold out
with 50 players but come hang out with us for the day and
there is Midget wrestling at the end of the night as well.
At menu they're they're going. To miss Midget wrestling, man,
don't there. There is small people that are.
No, that's what they. Call it, we're being very
friendly here. So anyways, but yeah, I, I, I
got a tone based tequila limited edition 2 out of 21.
I think the agreement was that we're going to open this at
hundred. Oh, there it is.
It's a different one. I have that one as well.
I think the agreement was that we're going to open this at
what? What price?
Why? Why does it have that?
The brown stuff tone, What is that?
You know, this was the very first bottle that Bare Woods
made. We've gone, it's a company, one
of my investments, we've got a long way into making the the the
bottles better so that it doesn't do this anymore.
This is, this was why this company has still has been in
research and development for like the last year and it's not
in any of the stores yet. That's because we needed time to
perfect the bottle cap so that that doesn't happen.
Gotcha, gotcha. Yeah, I was.
I was worried when I saw this because I was like, oh man, once
Tone comes over and he sees this, he's going to be upset.
He's going to think I ruined the bottle.
But then I was not having the same problem.
Man, it's it's rough but but that doesn't happen anymore with
our new bottles. That's awesome.
Awesome. Yeah, man.
So I'm excited. It's going to be a free event.
It's going to be a a Bitcoin celebration May 30th.
So that's coming up Thursday of next week in Las Vegas.
Again, if you're, if you're going to the Bitcoin conference,
go to unconfiscated, the unconfiscatable event, it's
going to be a poker tournament. They're going to have other
things that are happening as well.
Opti, I mean, are you going to be in town for the 30th?
My Unfortunately my flight leaves on the 30th.
I have literally no clue I I don't remember what my flight
out date is so not sure. Well guys, you, you definitely
got to go Tone. Where can we point people to so
they can find out more information about the event?
No, just the website. You can Google the word
unconfiscatable. It's a word I pretty much
invented probably back in 2014. Fifteen, pretty much 10 years
ago. Wow, so about 10 years ago I was
the one that started saying the word unconfiscatable as bitcoins
most important property and eventually turned into a brand.
Amazing and it's a great brand. It's a great it's a great brand,
great name, self-explanatory. It's one word.
Every time I try to text it though, like the auto correct on
my phone tries to like it it it changes unconfiscatable to
confiscatable. It's very very very symbolic, I
guess. Anyways, tone.
Do you have any, anything that's on your radar that you've been
doing these days? I know that you just had a
financial summit in the Maldives.
Unfortunately, I couldn't make it.
I was kind of bummed out. I was absolutely beautiful.
The, the these, these financial summits that you do anything
that you've been working on lately that you want to bring up
to the audience. You know, there's one project
that is piquing my interest, which is where I will be
spending most of my time in the near future as I wind down my
event business. I I am doing a lot less public
speaking. I'm doing a lot less social
media stuff like YouTube. I barely ever tweet.
I just, I found a very interesting project down in
Latin America. It's a building of a new private
city called Prospera in Roatan, Honduras.
I have now been there about four times.
I have done multiple videos with the founders of the city.
I think it's the most innovative project or the most important
project in the world after Bitcoin, and it's not a Bitcoin
project. It's a way to build a city where
people like us would want to live in.
And I want to take a bigger step towards that project and try to
help them out just like I, I, I'm kind of proud of what I've
done in the, in the Bitcoin world 10 years ago, back when it
needed content creators. And now I think this is the next
project that I'm going to dedicate some time to, and
hopefully make this project better as well.
Incredible, Prospera. And I believe that's in
Honduras, right? In Honduras, Yeah, it's the
island of Roatan. If, if no one knows what
Prospera is, definitely Google it.
Look it up. This city declared Bitcoin as
legal tender before El Salvador did.
It's just that most people had no idea.
But eventually everyone will know the name Prospera.
Well, I mean Prospera and and I think it means prosper right, if
you do the translation right. So a very fitting, like El
Salvador, very fitting country, you know, the savior of the
first country to make Bitcoin legal tender and then the first
free city. I think that's what tone was
getting at. You know, his name is the
English translation is prosper right?
I think one of the last things that I'll say to you guys on
today's show, just a little bit of the theme is Bitcoin is a,
it's a, it's a paradigm shift in human society and human
civilization, especially if you're a Bitcoiner who you know,
has sovereignty because you have your Bitcoin in self custody,
that gives you a tremendous amount of freedom as an
individual, right? And you know, that at least the
thesis from the book the Sovereign Individual is
essentially that they, they, they make the case that over
time, you know, politics starts to become irrelevant as more and
more people opt out of political money, Right.
And, you know, I think as Bitcoiners, that's the world we
want to live in. Maybe maybe it's a kind of
Bitcoin utopian vision that perhaps doesn't take human
nature into account. But I think as Bitcoiners, we
all, you know, we all, we all value that freedom tremendously.
And, and having Bitcoin in self custody comes into that.
So I'm very excited you know, Opti's putting it Long live the
Citadel's. I'd say Prospera definitely fits
into that category. Definitely keep an eye out for
Prospera. Definitely keep an eye out for
tone vase and I do again want to give shout out to tone again.
Really starting, starting it all, man, starting all this,
this Bitcoin content creation before it was even popular,
right. Someone, someone in the chat
basically thanking Tone for, you know, walking him through
essentially the fork wars, which were a very tumultuous time
during Bitcoin, Bitcoin's history.
I think it was like 2017 era, right?
So yeah, man, Tone, thank you so much for joining us today.
I think me and Opti are going to pull a a Butch Cassidy maybe.
Maybe not this epoch, but maybe in an epoch or so, and pull a
tone and. Start now.
We're going to replace ourselves with Zoomers.
So, but anyways, I do want to thank everyone for for tuning in
before, before we wrap up today's show, I do want to give
a shout out to our conference sponsor, which is currently
Bitcoin 2025. It's coming up guys.
Next week, May 27th to the 29th in Las Vegas, NV.
We have a sitting vice president who is going to be making a
keynote speech. We've of course the legendary
freedom fighter Ross Olbrich, who was freed by executive order
by President Donald Trump. Of course we have the Bitcoin
senator, Senator Cynthia Lummus, we have Jack Mahler's, we have
the White House so-called crypto and AI czar Mr. David Sacks, and
of course we have Michael Saylor, David Bailey and the two
Trump sons as well. So guys, you definitely don't
want to miss and many, many other speakers.
Opti and I are going to be there.
We're going to have a booth. It's going to be a great time.
Definitely don't want to miss Bitcoin 2025 Las Vegas NV.
Scan the QR code on your screen again.
It's May 27th through the 29th Las Vegas, NV next next week,
use promo code simply to get 10% off your tickets.
All right everybody, love you all.
We'll see you guys on the next show of Simply Bitcoin Live.
Today's episode was brought to you by bitcoinwell.com, a
Bitcoin only platform on a mission to enable financial
independence.