1 00:00:00,360 --> 00:00:05,880 Dow Bitcoin is literally pumping through 109,000 right now as 2 00:00:05,880 --> 00:00:10,000 we're going live it's making an all time all time high, but why? 3 00:00:10,000 --> 00:00:12,960 That's the real question anyways, we got a special show 4 00:00:12,960 --> 00:00:15,520 lined up for you guys today. We reached out to a man who's 5 00:00:15,520 --> 00:00:18,280 had a decade of experience trading in Bitcoin. 6 00:00:18,280 --> 00:00:22,880 You guys know the man tone vase himself to talk about Bitcoin 7 00:00:22,880 --> 00:00:25,600 breaking all time highs. We're going to unpack it, we're 8 00:00:25,600 --> 00:00:27,080 going to talk about it and we're going to talk. 9 00:00:27,160 --> 00:00:28,880 We're going to see where it's going next. 10 00:00:29,160 --> 00:00:31,880 Anyways, no more. Let me bring up tone on stage. 11 00:00:31,880 --> 00:00:35,200 Tone bays in the house and of course, my legendary Co host 12 00:00:35,200 --> 00:00:38,120 who's always optimistic optimist fields Tone. 13 00:00:38,120 --> 00:00:42,080 Welcome to the show. Bitcoin is breaking all time 14 00:00:42,080 --> 00:00:44,760 highs, man. What's your take on this because 15 00:00:44,760 --> 00:00:48,920 we had like a pretty rough start and Bitcoin has been deviating 16 00:00:49,360 --> 00:00:51,720 compared to previous bull markets. 17 00:00:52,760 --> 00:00:55,720 Yeah, Bitcoin has definitely been underperforming previous 18 00:00:55,720 --> 00:00:58,840 bull markets, so this is great. I mean, all it has to do now is 19 00:00:58,840 --> 00:01:03,040 go to 200,000 right before the end of the year and it kind of 20 00:01:03,040 --> 00:01:06,720 catches up and becomes in line a little bit with the prior bull 21 00:01:06,720 --> 00:01:09,200 market. So this is absolutely awesome. 22 00:01:09,640 --> 00:01:14,880 And yeah, the charts are very, very bullish. 23 00:01:14,920 --> 00:01:17,880 I can pull those up if I need to, but we did a show this 24 00:01:17,880 --> 00:01:21,400 morning on the Financial Summit YouTube channel and I'm getting 25 00:01:21,400 --> 00:01:26,200 ready to go to Vegas to I may or may not stop by the big Vegas 26 00:01:26,200 --> 00:01:27,760 conference. I know you will be there 27 00:01:27,760 --> 00:01:31,320 covering and speaking. I don't actually have a ticket. 28 00:01:31,320 --> 00:01:33,080 I may or may not have a ticket. I'm not even sure. 29 00:01:33,320 --> 00:01:36,160 But I'm there for Unconfiscatable which will be a 30 00:01:36,160 --> 00:01:40,360 poker tournament on Friday, May 30th and it's a free event. 31 00:01:40,360 --> 00:01:42,120 So the poker is already sold out. 32 00:01:42,440 --> 00:01:46,720 But as far as hanging out with us, it's an all day free event 33 00:01:46,960 --> 00:01:50,400 now so people can join, which is going to be awesome to celebrate 34 00:01:51,040 --> 00:01:56,400 Bitcoin hitting these new all time highs and everything is 35 00:01:56,400 --> 00:01:58,360 going for it in its favor right now. 36 00:01:58,880 --> 00:02:06,600 Trump has stopped the insanity of the stupid tariffs, and that 37 00:02:06,600 --> 00:02:10,199 was what was crashing the market, the tariffs on China. 38 00:02:10,840 --> 00:02:14,080 He went away from that stupidity and the stock market has 39 00:02:14,080 --> 00:02:16,320 recovered. The stock market is near all 40 00:02:16,320 --> 00:02:19,440 time high, and whenever the stock market goes up, Bitcoin 41 00:02:19,440 --> 00:02:20,760 goes up. I've talked about this 42 00:02:20,760 --> 00:02:24,120 correlation many, many times, and it's very good for the stock 43 00:02:24,120 --> 00:02:27,000 market, for Bitcoin when the stock market rises. 44 00:02:27,280 --> 00:02:30,760 So we are in this environment again, where the stock market is 45 00:02:30,760 --> 00:02:36,280 bullish, Bitcoin is bullish. American states are looking to 46 00:02:36,280 --> 00:02:40,320 create strategic reserves for Bitcoin, and that's a great 47 00:02:40,320 --> 00:02:43,480 positive development. Hopefully, Trump is still going 48 00:02:43,480 --> 00:02:47,240 to lower taxes and especially capital gains taxes, and that's 49 00:02:47,240 --> 00:02:49,600 going to be a nice boost for Bitcoin as well. 50 00:02:49,600 --> 00:02:53,880 Sure, there'll be some selling, but there will be more buying 51 00:02:53,880 --> 00:02:56,720 than selling. The ETFs have been picking up 52 00:02:56,720 --> 00:03:00,520 Bitcoin mostly. One ETF has been picking up 53 00:03:00,520 --> 00:03:02,320 Bitcoin, that is the BlackRock ETF. 54 00:03:02,320 --> 00:03:04,520 It is completely dominating the market. 55 00:03:05,080 --> 00:03:11,880 And I think out of all prior breaks of all time high, I think 56 00:03:11,880 --> 00:03:15,360 this one is the the one that's happening with like the least 57 00:03:15,360 --> 00:03:19,280 news, the least fanfare. It's kind of flowing under the 58 00:03:19,280 --> 00:03:23,720 radar, and that's also a very, very bullish for Bitcoin. 59 00:03:24,360 --> 00:03:27,200 So tone, you've been in the markets for a long been in 60 00:03:27,200 --> 00:03:30,280 Bitcoin for a long time. And then I, I want to go back to 61 00:03:30,480 --> 00:03:33,640 the one of the first things that you said that I think has 62 00:03:33,640 --> 00:03:37,080 underwhelmed a lot of people, right, which is Bitcoin has 63 00:03:37,080 --> 00:03:40,040 underperformed this cycle. Now my question to you is, 64 00:03:40,400 --> 00:03:44,400 wasn't that expected as Bitcoins market cap continue to grow? 65 00:03:44,400 --> 00:03:47,840 Do you think that the introduction of the ETFs and a 66 00:03:47,840 --> 00:03:52,480 lot of these, it seems like this cycles all coins or this cycles 67 00:03:52,480 --> 00:03:56,440 IC OS happen to be these Bitcoin treasury companies that are 68 00:03:56,440 --> 00:03:59,720 popping up left and right. Do you think that's taking a lot 69 00:03:59,720 --> 00:04:02,320 of, you know, bitcoins potential gains? 70 00:04:03,520 --> 00:04:06,720 Maybe, but it has really underperformed the cycle. 71 00:04:06,720 --> 00:04:12,240 I mean, usually in the past at this time, this is what Bitcoin 72 00:04:12,240 --> 00:04:15,360 has already topped in many cases, right? 73 00:04:15,360 --> 00:04:22,200 So this is the area where Bitcoin tops in prior bull 74 00:04:22,200 --> 00:04:25,440 cycles. Bitcoin tops in like December of 75 00:04:25,560 --> 00:04:29,320 2024 comparatively. And we're already in May of 2025 76 00:04:29,600 --> 00:04:31,840 and we are just now starting to break out. 77 00:04:32,320 --> 00:04:36,560 So we are in the performing, but that's OK because this bullish 78 00:04:36,560 --> 00:04:40,960 cycle could last a little bit longer in terms of time, which 79 00:04:40,960 --> 00:04:44,760 would also be a good thing. But yeah, I am factoring in the 80 00:04:44,760 --> 00:04:48,720 fact that we're not going to get the same percentage return as 81 00:04:48,720 --> 00:04:53,560 before. But even saying that Bitcoin is 82 00:04:53,560 --> 00:04:58,400 still looking at 202 hundred and 10,000 and that would still come 83 00:04:58,400 --> 00:05:03,040 up shy percentage wise. And that would be a normal 84 00:05:03,040 --> 00:05:05,320 cycle. If Bitcoin starts to break 85 00:05:05,320 --> 00:05:11,840 200,000 by the the end of this year, that would be in line with 86 00:05:11,840 --> 00:05:14,280 prior cycles. And let me ask you something 87 00:05:14,280 --> 00:05:17,680 else tone like so you know, and that's the expectation, that's 88 00:05:17,680 --> 00:05:22,120 the general consensus, right? Bitcoin hits to 200 to 250 K by 89 00:05:22,120 --> 00:05:24,720 the end of the year. Everyone, that's basically what 90 00:05:24,720 --> 00:05:27,880 everyone's feeling. My question to you is, do you, 91 00:05:27,880 --> 00:05:29,800 do you think the cycles are still a thing? 92 00:05:29,800 --> 00:05:33,840 Do you, do you, do you, do you see 2026 as a bear market? 93 00:05:33,840 --> 00:05:37,280 Are we going to trend down the rest of 2026, especially with 94 00:05:37,280 --> 00:05:41,040 all this momentum not only on Wall Street but also on the 95 00:05:41,040 --> 00:05:43,800 regulatory side? Like Trump's win was absolutely 96 00:05:43,800 --> 00:05:47,200 massive for Bitcoin from a regulatory perspective in the 97 00:05:47,200 --> 00:05:50,120 United States. Do you think that plays into 98 00:05:50,120 --> 00:05:54,000 account in terms of Bitcoins price action heading into what 99 00:05:54,000 --> 00:05:57,880 normally would be considered a bear market year, which would be 100 00:05:57,880 --> 00:06:02,600 2026? Yeah, I still think we're we're 101 00:06:02,600 --> 00:06:06,800 going to hit a, a bull, a bull market pop and then trend into a 102 00:06:06,800 --> 00:06:11,400 bear market probably sometime in 2026, maybe not in the beginning 103 00:06:11,400 --> 00:06:14,240 of 2026, but towards the end of 2026. 104 00:06:14,600 --> 00:06:19,600 So I, I don't think the four, I don't think the four year cycle 105 00:06:19,600 --> 00:06:22,720 has changed all that much. So what is a four year cycle to 106 00:06:22,720 --> 00:06:26,400 me? To me a four year cycle is a 107 00:06:26,400 --> 00:06:30,720 significant new all time high followed by a big drop. 108 00:06:31,040 --> 00:06:34,160 And that tends to happen for Bitcoin within four years. 109 00:06:34,520 --> 00:06:38,560 We are now just two years into the current cycle from the 110 00:06:38,560 --> 00:06:41,360 halving. The halving was oh, no way, I'm 111 00:06:41,360 --> 00:06:42,920 sorry. The halving was one year ago, 112 00:06:42,920 --> 00:06:47,160 right in 2024. So the halving was one year ago 113 00:06:47,560 --> 00:06:53,240 and yeah, so we're about two years into the cycle. 114 00:06:53,480 --> 00:06:57,880 So we can have one more year of upside followed by a quick 115 00:06:57,880 --> 00:07:00,720 correction that can take up to a year. 116 00:07:00,920 --> 00:07:05,680 So I still think in a four year period, we're going to have a 117 00:07:05,680 --> 00:07:09,840 critical top followed by A50 plus percent correction. 118 00:07:10,040 --> 00:07:15,160 But if this top happens at Bitcoin 250 or 300,000, that 119 00:07:15,160 --> 00:07:19,120 means a 50% drop will only take us down to even above current 120 00:07:19,240 --> 00:07:20,800 crisis. Yeah, man. 121 00:07:20,800 --> 00:07:22,680 And that's, that's absolutely crazy. 122 00:07:22,680 --> 00:07:26,160 And, and why do you think what, what is your, what's your 123 00:07:26,160 --> 00:07:30,760 reasoning as to why you think Bitcoin has underperformed, 124 00:07:30,760 --> 00:07:33,480 taking into account the fact that it's, it's much, much 125 00:07:33,480 --> 00:07:36,560 larger asset class Wall Street has involved. 126 00:07:36,560 --> 00:07:39,160 Like why do you think it has underperformed? 127 00:07:39,160 --> 00:07:42,040 Because I think a lot of us are feeling that in the Bitcoin 128 00:07:42,040 --> 00:07:45,400 community. And yeah, what, what, what, what 129 00:07:45,400 --> 00:07:49,880 do you think went into that? Oh, I I don't really have a good 130 00:07:49,880 --> 00:07:54,320 answer for that. Everything is going well for 131 00:07:54,320 --> 00:07:57,240 Bitcoin right now and I completely agree with you. 132 00:07:57,800 --> 00:08:04,160 One of my main reasons to why why why Trump deserved the vote 133 00:08:04,160 --> 00:08:07,760 from the general public is Bitcoin, especially the 134 00:08:07,760 --> 00:08:10,480 Bitcoiners. There was no way there was 135 00:08:10,480 --> 00:08:12,360 anybody else that you can vote for. 136 00:08:12,680 --> 00:08:17,320 Trump was the absolute best candidate for the Bitcoin prices 137 00:08:17,320 --> 00:08:19,800 to rise. Now there are still a lot of 138 00:08:19,800 --> 00:08:24,720 concerns with in the Bitcoin space as to how the Bitcoin is 139 00:08:24,720 --> 00:08:28,120 being held and which companies and institutions are acquiring 140 00:08:28,120 --> 00:08:31,800 Bitcoin. So those things are to be 141 00:08:31,800 --> 00:08:33,280 debated. But as far as the price of 142 00:08:33,280 --> 00:08:36,559 Bitcoin is concerned, yeah, there was no doubt that the 143 00:08:36,559 --> 00:08:39,679 Trump presidency would be absolutely bullish for Bitcoin. 144 00:08:40,039 --> 00:08:42,559 And I really thought that after he got elected, there would be a 145 00:08:42,559 --> 00:08:47,360 little more of a rise. And instead we fell 30%. 146 00:08:47,640 --> 00:08:52,760 So that was a little unexpected. And I don't really have a good 147 00:08:52,760 --> 00:08:54,720 explanation. I don't get into conspiracy 148 00:08:54,720 --> 00:08:56,880 theories. Oh, it's the big institutions 149 00:08:56,880 --> 00:08:59,240 holding the price down so they can buy cheaper. 150 00:08:59,720 --> 00:09:02,880 I don't believe in that. So look, it is what it is. 151 00:09:03,280 --> 00:09:05,560 I guess. Too many people were already in 152 00:09:05,560 --> 00:09:06,960 and there was nobody left to buy. 153 00:09:07,240 --> 00:09:11,400 That's usually my explanation for why prices don't do what 154 00:09:11,400 --> 00:09:12,640 they're supposed to do on the way up. 155 00:09:13,000 --> 00:09:16,600 So I was talking to some O GS like yourself tone and you know, 156 00:09:16,600 --> 00:09:19,080 basically asking the same question I just asked you. 157 00:09:19,080 --> 00:09:22,080 And the general consensus is we don't know, right That that 158 00:09:22,080 --> 00:09:24,200 exactly what you just said is like no one knows. 159 00:09:25,120 --> 00:09:27,520 And then the general consensus too is we don't know who's 160 00:09:27,520 --> 00:09:30,800 selling either. And then the general consensus 161 00:09:30,800 --> 00:09:33,720 was that these are people that, you know, bought Bitcoin under 162 00:09:33,720 --> 00:09:37,880 $1000 and you know, they're they're selling some to kind of 163 00:09:37,880 --> 00:09:39,640 upgrade their lifestyle a little bit. 164 00:09:40,640 --> 00:09:45,080 Do would you agree with that? Yeah, but that always happens, 165 00:09:45,280 --> 00:09:48,240 right. So that always happens. 166 00:09:48,280 --> 00:09:52,800 I know, I, I, I know some people that are looking to sell once 167 00:09:52,800 --> 00:09:55,440 the price goes up a little bit more that I've been holding out 168 00:09:55,440 --> 00:09:59,720 for a little while. And yeah, there will definitely 169 00:09:59,720 --> 00:10:03,400 be some selling coming in on this bull run, especially from 170 00:10:03,400 --> 00:10:06,520 the people that got in around the pandemic that got in in 171 00:10:06,520 --> 00:10:09,320 2017. These people have been waiting 172 00:10:09,320 --> 00:10:12,720 for this style payout. So there will definitely be some 173 00:10:12,720 --> 00:10:15,080 selling. But man, Bitcoin is just 174 00:10:15,080 --> 00:10:20,160 becoming a household name. It's Bitcoin is approaching 175 00:10:20,160 --> 00:10:27,160 what, 17 years, 1617 years, You know it it's not much longer 176 00:10:27,560 --> 00:10:32,200 before new entrants into the workforce are entering the 177 00:10:32,200 --> 00:10:36,600 workforce and Bitcoin is older than them, right Like like at 178 00:10:36,600 --> 00:10:39,600 that point you can't say that it's a fad. 179 00:10:39,680 --> 00:10:41,960 Oh, it's not going to be with us for a while Well, it's been 180 00:10:41,960 --> 00:10:43,640 around longer than you were born. 181 00:10:44,120 --> 00:10:48,360 So why are you asking for Fiat in your paycheck when bitcoins 182 00:10:48,360 --> 00:10:50,400 been around longer than you've been alive and it's still here 183 00:10:50,400 --> 00:10:54,880 and still rising? So I think that demand from 184 00:10:55,520 --> 00:10:58,800 people entering the workforce that have always had Bitcoin 185 00:10:58,800 --> 00:11:01,720 around them and it's existed and they've heard about it, I think 186 00:11:01,720 --> 00:11:04,960 that's going to really drive the circular economy in Bitcoin. 187 00:11:05,760 --> 00:11:09,600 Yeah, I, I 100% I mean, there's people that I, for example, I 188 00:11:09,600 --> 00:11:13,920 just had a daughter like she was born into a world with Bitcoin, 189 00:11:14,000 --> 00:11:15,840 right? Like that is not the case for 190 00:11:15,840 --> 00:11:20,520 most of us. You know, we, we kind of lived 191 00:11:20,560 --> 00:11:23,800 and we, we discovered Bitcoin. A lot of people are being born 192 00:11:23,800 --> 00:11:26,840 with Bitcoin exists, right? And that's a completely 193 00:11:26,840 --> 00:11:29,640 different phenomenon. Me and Opti are old enough to 194 00:11:29,640 --> 00:11:34,040 remember when the Internet was kind of introduced, you know, so 195 00:11:34,040 --> 00:11:37,200 it, it's, it's surreal, right, that some people are, you know, 196 00:11:37,200 --> 00:11:40,600 just like the zoomers, like we let Opti and I say Opti's a 197 00:11:40,600 --> 00:11:42,840 zoomer at heart are kind of. Millennial. 198 00:11:43,600 --> 00:11:46,960 Are Internet native. There's there's, you know, this 199 00:11:46,960 --> 00:11:49,280 new generation, I think it's called generation alpha. 200 00:11:50,120 --> 00:11:52,160 I think that's the. Name We might be on beta now I. 201 00:11:52,160 --> 00:11:54,600 Don't know. I don't know, but they were born 202 00:11:54,600 --> 00:11:57,720 into a world where Bitcoin like is already existed. 203 00:11:57,720 --> 00:11:59,360 So they're they're Bitcoin native. 204 00:11:59,440 --> 00:12:01,160 It's a Bitcoin native generation. 205 00:12:01,160 --> 00:12:03,760 They might not even know what the Fiat system is. 206 00:12:03,760 --> 00:12:07,160 Anyways, I do want to pull up this this trend chart tone, 207 00:12:07,160 --> 00:12:09,640 which I find really saying because I think we all if if you 208 00:12:09,640 --> 00:12:11,600 guys have been watching the simply Bitcoin channel for a 209 00:12:11,600 --> 00:12:15,760 while now, you guys remember the 2017 era, right, which is the 210 00:12:15,760 --> 00:12:18,880 absolute mania phase. Bitcoin started the year under 211 00:12:18,880 --> 00:12:23,680 $1000, ended the year with a roughly 20,000 and then we had 212 00:12:23,680 --> 00:12:27,640 the 2021 bull market, which I would say was also a little bit 213 00:12:27,640 --> 00:12:30,280 of an underperformance. A lot of people speculate as to 214 00:12:30,280 --> 00:12:32,960 why that happened. I would say the China, the China 215 00:12:32,960 --> 00:12:37,920 mining ban played a major role. I, I made a, when I introduced a 216 00:12:37,920 --> 00:12:41,640 panel at unconfiscatable, your conference tone. 217 00:12:42,040 --> 00:12:45,040 I, I made a whole case as to why I believe that was the reason. 218 00:12:45,680 --> 00:12:48,160 But if you just take a look at the Google trends, I mean they 219 00:12:48,160 --> 00:12:51,880 speak for themselves. People have not been searching 220 00:12:51,880 --> 00:12:55,360 Bitcoin like we haven't made an all time high in terms of 221 00:12:55,360 --> 00:12:59,440 interest since 2017. In fact, we haven't even 222 00:12:59,440 --> 00:13:07,480 surpassed the 2021 interest all time high in this cycle of 2025, 223 00:13:07,800 --> 00:13:09,800 right? So in terms of retail, it seems 224 00:13:09,800 --> 00:13:13,720 like retail is completely asleep at the wheel or they're just not 225 00:13:13,720 --> 00:13:17,480 interested in Bitcoin at all. Do you see that trend continuing 226 00:13:17,480 --> 00:13:19,040 tone? I do, I do. 227 00:13:19,040 --> 00:13:20,760 Oh, can can you do one more search there? 228 00:13:20,760 --> 00:13:22,440 There's a if you go back to that window. 229 00:13:22,720 --> 00:13:24,840 So I don't like to search for the word Bitcoin. 230 00:13:24,840 --> 00:13:26,680 I like to search for the word buy Bitcoin. 231 00:13:27,080 --> 00:13:30,320 So if you search the key term buy Bitcoin, let's see what it 232 00:13:30,320 --> 00:13:35,120 looks like. It's going to look very similar. 233 00:13:38,600 --> 00:13:42,960 And yeah, it's flying completely under the radar, which is great. 234 00:13:44,040 --> 00:13:44,800 It's great. Why? 235 00:13:44,800 --> 00:13:48,800 Why is that great? Because that spike's going to 236 00:13:48,800 --> 00:13:51,080 happen and when it does, the price is really going to spike. 237 00:13:52,640 --> 00:13:55,520 Remember these those spikes, right? 238 00:13:55,520 --> 00:13:59,480 The 2021 version and the 2017 version, that's what happens at 239 00:13:59,480 --> 00:14:02,000 the very end of the bull market. That's not what happens in the 240 00:14:02,000 --> 00:14:03,680 beginning of the bull market, right? 241 00:14:03,680 --> 00:14:14,280 So just check where where that move started in 2021 or in 2017. 242 00:14:15,000 --> 00:14:18,560 So right around there, right? That's September, October 2020. 243 00:14:19,000 --> 00:14:24,880 And then it ends in April of 21, OK, January, February 21, right? 244 00:14:25,120 --> 00:14:29,200 So we're just getting started. So once you get that spike, 245 00:14:29,520 --> 00:14:31,400 that's when the bull market is probably over. 246 00:14:32,440 --> 00:14:34,320 Yeah. So you essentially and then and 247 00:14:34,320 --> 00:14:37,680 then you could kind of see the same, Yep, 2017 it was literally 248 00:14:37,720 --> 00:14:41,920 at the top, at the, at the, at the tippity top and we're 249 00:14:41,920 --> 00:14:45,560 essentially going sideways. So essentially what the the case 250 00:14:45,560 --> 00:14:51,240 that you're making tone is the bull market hasn't even started 251 00:14:51,240 --> 00:14:54,080 yet. Not this one, No, not not not 252 00:14:54,080 --> 00:14:57,120 this bull market. Well, no, the bull market has 253 00:14:57,120 --> 00:15:01,880 started, but the final acceleration into FOMO has not 254 00:15:01,880 --> 00:15:04,360 yet started. We're just breaking the prior 255 00:15:04,360 --> 00:15:08,880 all time high, which to me is one of the most bullish places 256 00:15:08,880 --> 00:15:12,200 to buy Bitcoin. So from this point on, I'm 257 00:15:12,200 --> 00:15:15,600 expecting at least a 50% rise before the bull market's going 258 00:15:15,600 --> 00:15:17,880 to end. One, one thing I wanted to ask 259 00:15:17,880 --> 00:15:21,920 you as well, if you take a look at the coin verse gold price, 260 00:15:22,240 --> 00:15:26,760 and I find this really interesting, we actually haven't 261 00:15:26,760 --> 00:15:30,880 made all time highs. If you price Bitcoin and gold 262 00:15:31,520 --> 00:15:34,480 essentially, or maybe we barely made all time highs, but 263 00:15:34,480 --> 00:15:38,920 essentially, you know, if you account for Fiat, yes, we've 264 00:15:38,920 --> 00:15:43,240 made all time highs, but you know, you adjust for inflation. 265 00:15:43,240 --> 00:15:47,600 I think the Bitcoin to gold price I think is more accurate. 266 00:15:47,880 --> 00:15:52,200 Essentially, we've been going sideways for four years now. 267 00:15:52,200 --> 00:15:57,600 Since 2021, the Bitcoin price versus gold has been going 268 00:15:57,600 --> 00:15:59,440 sideways. Is, is this what you're talking 269 00:15:59,440 --> 00:16:01,960 about with in terms of the underperformance tone? 270 00:16:01,960 --> 00:16:04,080 Because I think we all feel this. 271 00:16:04,080 --> 00:16:07,320 If if you've been in Bitcoin for a couple years now, you feel 272 00:16:07,320 --> 00:16:09,400 this. Maybe you might not see you've 273 00:16:09,400 --> 00:16:12,800 never seen this chart before, but you feel it, at least on an 274 00:16:12,800 --> 00:16:16,280 instinctual level. Yeah. 275 00:16:16,320 --> 00:16:19,440 No, that's, that's the chart that's also going to take off. 276 00:16:19,440 --> 00:16:23,280 I mean, gold has performed very, very well over the last three to 277 00:16:23,280 --> 00:16:26,840 six months, while Bitcoin has been down along with the stock 278 00:16:26,840 --> 00:16:29,520 market. Bitcoin is a lot more correlated 279 00:16:29,520 --> 00:16:31,280 to the stock market than gold is. 280 00:16:31,840 --> 00:16:35,080 And now that stock market is rising again, Bitcoins rising as 281 00:16:35,080 --> 00:16:38,240 well. And I think Bitcoin is going to 282 00:16:38,240 --> 00:16:41,040 outperform gold significantly over the next six months. 283 00:16:41,680 --> 00:16:44,400 So again, now that we're breaking the prior all time 284 00:16:44,400 --> 00:16:48,880 high, I'm, I'm expecting 125 to come very soon. 285 00:16:49,640 --> 00:16:55,080 But ultimately I'm, I'm pretty bullish right now. 286 00:16:55,080 --> 00:16:57,240 Like it's, it's hard to put upper targets on it. 287 00:16:57,440 --> 00:16:59,160 I hate putting upper targets on it. 288 00:16:59,360 --> 00:17:03,000 I have a much easier time putting low targets on Bitcoin. 289 00:17:03,240 --> 00:17:06,920 And of course when it misses those targets by like 1 or $2000 290 00:17:06,920 --> 00:17:10,000 people complain. In this particular bear market, 291 00:17:10,000 --> 00:17:15,119 when we started falling from 109,000, my ultimate low bear 292 00:17:15,119 --> 00:17:18,560 market target was around 7172 thousand. 293 00:17:18,880 --> 00:17:22,000 We fell to 74 and people are complaining that I got it wrong. 294 00:17:22,720 --> 00:17:26,520 But hey, to each their own. But I have a much easier time 295 00:17:26,720 --> 00:17:29,800 picking low end targets. I don't really have a reference 296 00:17:29,800 --> 00:17:33,160 for picking upper targets. There's very few metrics you can 297 00:17:33,160 --> 00:17:39,200 use to identify upper targets because FOMO can set in and so, 298 00:17:39,200 --> 00:17:45,080 but I'm bullish. I'm I'm I'm expecting 125 in the 299 00:17:45,080 --> 00:17:49,800 next month or two, 150 before the end of the year and probably 300 00:17:49,800 --> 00:17:53,000 200 plus before this bull cycle is over. 301 00:17:53,320 --> 00:17:55,840 But this bull cycle could last all the way into the middle of 302 00:17:55,840 --> 00:17:58,760 next year. So you are seeing potentially 303 00:17:58,760 --> 00:18:03,160 into 2026, we essentially have, you know, kind of like this 304 00:18:03,160 --> 00:18:08,080 extended bull market compared to the regular norms and it's kind 305 00:18:08,080 --> 00:18:12,520 of uncharted territory. And then you are expecting some 306 00:18:12,520 --> 00:18:15,640 type of correction like we've seen in Bitcoin's history, 307 00:18:15,840 --> 00:18:20,160 despite BlackRock being involved, despite you know, all 308 00:18:20,160 --> 00:18:24,960 these big players, you still expecting, you know, a 50 to 60% 309 00:18:24,960 --> 00:18:28,720 correction, which is completely normal in in Bitcoin terms. 310 00:18:29,520 --> 00:18:33,800 I'm actually concerned that the correction could be worse than 311 00:18:33,800 --> 00:18:36,800 in the past. So it depends how we top. 312 00:18:37,040 --> 00:18:40,280 If we continue to go up slow and steady, slow and steady, this 313 00:18:40,280 --> 00:18:42,200 bull market could last another year. 314 00:18:43,120 --> 00:18:45,440 Now, again, that's the difference, right? 315 00:18:45,440 --> 00:18:50,760 Let's say we top at 250,000. Things would play out very 316 00:18:50,760 --> 00:18:57,120 differently if we hit 250,000, you know, by August versus we 317 00:18:57,120 --> 00:19:00,760 hit 250,000 in March of next year, right? 318 00:19:00,760 --> 00:19:03,400 It's like, how do you get to 250,000? 319 00:19:03,760 --> 00:19:09,000 Is it something like 2017 or is it something like that? 320 00:19:09,000 --> 00:19:11,000 That's going to be very, very slow and steady. 321 00:19:11,720 --> 00:19:15,520 Now, when the bear market eventually begins and there's 322 00:19:15,520 --> 00:19:19,120 always a bear market, it's going to be a bit of a disaster 323 00:19:19,120 --> 00:19:23,360 because this time around the ETFs are actually going to be 324 00:19:23,360 --> 00:19:28,480 selling Bitcoin now, I BlackRock is not actually involved, right? 325 00:19:28,480 --> 00:19:32,360 So yes, BlackRock has the biggest ETF, but BlackRock is 326 00:19:32,360 --> 00:19:36,840 buying ETF on behalf of users, on behalf of you, on behalf of 327 00:19:36,840 --> 00:19:39,640 me, on behalf of anyone else holding the ETF. 328 00:19:39,920 --> 00:19:43,840 BlackRock itself, I don't think they're holding any Bitcoin. 329 00:19:43,880 --> 00:19:48,440 I mean, maybe they are a little, but people have to realize that. 330 00:19:48,440 --> 00:19:52,400 I mean, there's again, conspiracy theories aside that 331 00:19:52,600 --> 00:19:57,600 the 650,000 Bitcoin that BlackRock is holding on behalf 332 00:19:57,600 --> 00:20:00,800 of its users is actually, you know, Blackrock's Bitcoin. 333 00:20:01,080 --> 00:20:04,040 But it's. Bitcoin on behalf of its users, 334 00:20:04,040 --> 00:20:05,440 right? So it's not BlackRock buying, 335 00:20:05,440 --> 00:20:08,760 it's not BlackRock selling, it's average people buying and 336 00:20:08,760 --> 00:20:10,720 selling. BlackRock is just who who's 337 00:20:10,760 --> 00:20:13,480 executing those trades on our behalf. 338 00:20:14,000 --> 00:20:17,440 And this time around, when the bear market comes and people 339 00:20:17,440 --> 00:20:21,440 start selling the ETFs, that Bitcoin is actually going to hit 340 00:20:21,440 --> 00:20:24,400 the open market and drive the price of Bitcoin down. 341 00:20:24,800 --> 00:20:27,600 This is not what was happening in any prior bear market. 342 00:20:28,440 --> 00:20:35,520 In all prior bear markets GBTC would go into a a discount but 343 00:20:35,520 --> 00:20:39,880 they would never be able to sell any of that 600,000 Bitcoin on 344 00:20:39,880 --> 00:20:42,960 the open market driving the price of Bitcoin even lower. 345 00:20:43,400 --> 00:20:48,840 So back when in the last like proper bear market this actually 346 00:20:48,840 --> 00:20:53,680 saved us from going down to below 10,000 when FTX collapsed 347 00:20:53,680 --> 00:20:55,680 and the price of Bitcoin was 15,000. 348 00:20:55,880 --> 00:20:59,520 Dude do you believe the price of Bitcoin was 15,000 just like 3 349 00:20:59,520 --> 00:21:01,760 years ago? No, it's unbelievable. 350 00:21:01,760 --> 00:21:04,880 It's unbelievable from I think we're spoiled as bitcoiners, 351 00:21:04,880 --> 00:21:07,920 right? You talk about $15,000 Bitcoin 352 00:21:07,920 --> 00:21:10,800 right now and it's like, wow, you mean I could have bought a 353 00:21:10,800 --> 00:21:14,840 third of a Bitcoin for $5000? Like that is unconceivable, 354 00:21:14,840 --> 00:21:15,600 right? So it was. 355 00:21:15,600 --> 00:21:21,400 Three years ago And what was it in 2023 or 2022? 356 00:21:21,400 --> 00:21:24,600 When was the FTX thing it? Was. 357 00:21:24,600 --> 00:21:25,760 November. I'm trying to remember. 358 00:21:25,760 --> 00:21:28,200 I got, I got I'll, I'm looking it up on my end. 359 00:21:28,600 --> 00:21:34,160 Yeah, Bitcoin was 15,000 in November of 22. 360 00:21:34,400 --> 00:21:39,360 So Yep, in January of 2022 you could have still bought Bitcoin 361 00:21:39,360 --> 00:21:43,920 under 20 grand. January 23, sorry, January 23, 362 00:21:43,920 --> 00:21:47,520 So a little over two years ago, you're buying Bitcoin at under 363 00:21:47,520 --> 00:21:50,360 20K. That's crazy, Yeah. 364 00:21:50,360 --> 00:21:55,440 That thing things fly and it's incomprehensible, especially 365 00:21:55,440 --> 00:21:58,720 when you're going through those kind of, I wouldn't say dark 366 00:21:58,720 --> 00:22:01,320 times if you've been in the space for a while, you kind of 367 00:22:01,320 --> 00:22:04,760 get used to it and numb. But but when you kind of go 368 00:22:04,760 --> 00:22:07,800 through those, those that those volatility swings, especially to 369 00:22:07,800 --> 00:22:10,840 the downside, it's inconceivable, you know, 370 00:22:10,840 --> 00:22:12,680 thinking that you're going to see 100. 371 00:22:12,840 --> 00:22:15,320 The thing is, you know, deep down inside, you're going to hit 372 00:22:15,320 --> 00:22:18,360 $100,000. But one thing is like thinking 373 00:22:18,360 --> 00:22:20,920 and theorizing in your mind and another thing is actually like 374 00:22:20,920 --> 00:22:24,080 living it and seeing the ticker actually hit those prices. 375 00:22:24,400 --> 00:22:27,320 Anyways, I do Opti, we got you in the show today. 376 00:22:27,320 --> 00:22:30,480 Me and Tona been going kind of back and forth bro. 377 00:22:30,960 --> 00:22:32,880 All time highs. This is an all time high for 378 00:22:32,880 --> 00:22:38,720 simply Bitcoin $109,570 during the recording. 379 00:22:39,480 --> 00:22:42,800 So yeah, we we, we, this is all time high territory. 380 00:22:42,880 --> 00:22:46,840 I love these types of shows. Opti and I have officially been 381 00:22:46,840 --> 00:22:49,560 discussing. Let us know you guys's opinion 382 00:22:49,560 --> 00:22:53,520 in the live chat. We are officially sunsetting 383 00:22:53,720 --> 00:23:00,560 Satoshi the Bitcoin chicken and we're doing air horns instead, 384 00:23:00,560 --> 00:23:03,560 so we're going to do we're going to have special air horns for 385 00:23:03,560 --> 00:23:07,160 all time highs before I get optic thoughts, I do want to 386 00:23:07,160 --> 00:23:09,040 give a shout out to the live stream. 387 00:23:09,040 --> 00:23:14,520 We got 2176 people watching live between YouTube and X and shout 388 00:23:14,520 --> 00:23:17,120 out to the rumble crowd. Roughly 100 of you guys watching 389 00:23:17,120 --> 00:23:19,400 live on rumble. If you guys are enjoying today 390 00:23:19,400 --> 00:23:22,320 simply Bitcoin live, make sure to smash that like button. 391 00:23:22,320 --> 00:23:27,200 The YouTube live stream going in strong with 741 live viewers 392 00:23:27,200 --> 00:23:30,400 smash that like button help us break 200 likes by the time we 393 00:23:30,400 --> 00:23:34,600 get to the new segment anyways opti, what are your thoughts bro 394 00:23:34,600 --> 00:23:37,160 all time highs and we got tone vase in the house you know why 395 00:23:37,160 --> 00:23:41,000 we made all time highs today is because tone was scheduled to 396 00:23:41,000 --> 00:23:45,320 come on the show tone is part of the O GS he controls the price 397 00:23:45,320 --> 00:23:49,200 he's in that telegram chat and he planned this he scheduled 398 00:23:49,200 --> 00:23:51,360 this because he knew he was coming on simply Bitcoin we. 399 00:23:51,600 --> 00:23:53,840 Scheduled this like 2 weeks ago. I actually forgot it's 400 00:23:53,840 --> 00:23:54,680 incredible. Halloween. 401 00:23:54,680 --> 00:23:58,520 We rescheduled this like 2-2 weeks ago and it's happening on 402 00:23:58,520 --> 00:24:00,080 the day we broke all time high, that's all. 403 00:24:00,520 --> 00:24:01,920 This is true. This is true. 404 00:24:01,920 --> 00:24:04,120 I, I, I literally had to call Tone. 405 00:24:04,120 --> 00:24:07,200 I reminded Tone this morning. I said, hey, Tone coming on the 406 00:24:07,200 --> 00:24:08,360 show. He's like, yeah, looking forward 407 00:24:08,360 --> 00:24:09,800 to it. No, that's not what you said. 408 00:24:09,800 --> 00:24:12,280 That's not what you said. You said, hey, see, see, see you 409 00:24:12,280 --> 00:24:13,200 later. I thought you about. 410 00:24:13,320 --> 00:24:19,480 Vegas like I and then I and then two minutes before we go live, I 411 00:24:19,480 --> 00:24:21,920 call Tone like, hey, Tone, are you coming on the show? 412 00:24:22,000 --> 00:24:24,040 Yeah, I'll be there in a minute anyways. 413 00:24:24,040 --> 00:24:26,600 But he he might. I don't know. 414 00:24:26,600 --> 00:24:28,440 I don't know. Anyways what are your thoughts 415 00:24:28,440 --> 00:24:30,400 bro? How do you feel all time highs? 416 00:24:30,400 --> 00:24:33,040 Do you feel numb to this? Do you want more? 417 00:24:33,320 --> 00:24:37,120 Does this scratch the 2017 inch? Well, First off. 418 00:24:38,960 --> 00:24:41,960 You said see you soon bro and I haven't seen you in like 3 419 00:24:41,960 --> 00:24:42,800 months. So. 420 00:24:43,400 --> 00:24:46,840 I wasn't sure what soon, man, I actually thought about Vegas. 421 00:24:48,600 --> 00:24:50,680 I should have been more specific, man, but I was 422 00:24:50,680 --> 00:24:52,280 excited. I was excited because you're 423 00:24:52,280 --> 00:24:55,000 coming on the show anyways, Opti, what are your thoughts, 424 00:24:55,000 --> 00:24:56,240 bro? Are you feeling right now? 425 00:24:56,240 --> 00:25:00,760 Hold on, before I get to that, we might have to pivot on the 426 00:25:00,760 --> 00:25:03,840 nuking the chicken because apparently the loves the 427 00:25:03,840 --> 00:25:04,440 chicken. I'll. 428 00:25:04,520 --> 00:25:06,880 Bring back the. Chicken, how am I feeling, bro? 429 00:25:06,880 --> 00:25:08,800 It feels good. This is the first time in a long 430 00:25:08,800 --> 00:25:11,080 time that we hit, you know, all time high. 431 00:25:11,240 --> 00:25:14,240 We've been kind of chopped solid dating going sideways. 432 00:25:14,440 --> 00:25:17,560 I've been playing, you know, Phil Collins in the air tonight, 433 00:25:17,560 --> 00:25:20,800 this morning in our meeting. You know I'm feeling the vibes. 434 00:25:20,800 --> 00:25:23,960 It feels good. I you know, This is why we're 435 00:25:23,960 --> 00:25:25,720 here. This is why we do Bitcoin. 436 00:25:25,720 --> 00:25:30,240 Obviously freedom as well, but number go up is just a feeling 437 00:25:30,240 --> 00:25:32,880 that never gets old here. These these are the moments when 438 00:25:32,880 --> 00:25:36,680 you remind yourself why you spend literally every moment of 439 00:25:36,680 --> 00:25:39,560 every day talking about this and commit your life to talking 440 00:25:39,560 --> 00:25:42,160 about Bitcoin. These are the moments that we 441 00:25:42,160 --> 00:25:43,680 love. So yeah, it feels good. 442 00:25:43,680 --> 00:25:47,840 It feels like, you know, we're back and it feels awesome. 443 00:25:47,840 --> 00:25:50,360 We're we're you know, technically we're we're kind of 444 00:25:50,560 --> 00:25:51,880 you know, correcting a little bit. 445 00:25:51,880 --> 00:25:56,600 It looks like one O 9271 currently, but you know, 446 00:25:56,600 --> 00:26:00,040 considering everything you guys talk about one, it looks like 447 00:26:00,040 --> 00:26:01,680 retail is still asleep at the wheel. 448 00:26:01,680 --> 00:26:04,320 We're at all time highs and the Chad's kind of saying maybe 449 00:26:04,320 --> 00:26:07,120 people aren't using Google to search for buy Bitcoin anymore. 450 00:26:07,120 --> 00:26:09,480 Maybe they're using AI, which could be a factor. 451 00:26:09,480 --> 00:26:10,800 It could be a consideration here. 452 00:26:11,080 --> 00:26:15,200 But two, we're also, you know, competing right now with Amazon 453 00:26:15,200 --> 00:26:17,040 for 5th largest asset in the world. 454 00:26:17,200 --> 00:26:21,520 So, you know, as long as we kind of maintain where we're at, we 455 00:26:21,520 --> 00:26:23,600 might be able to secure that by the end of the day. 456 00:26:23,840 --> 00:26:26,320 But yeah, I I feel good. It feels really, really good 457 00:26:26,320 --> 00:26:29,520 right now. Obviously we're not happy with 458 00:26:29,520 --> 00:26:32,240 just all time high. You know, we want to go where 459 00:26:32,240 --> 00:26:36,320 Tone was saying 200 K plus by end of year 2026. 460 00:26:36,560 --> 00:26:38,920 But this is this is where the fun happens. 461 00:26:38,920 --> 00:26:42,920 If I think actually I'd I'd like to ask Tone this, if we close 462 00:26:42,920 --> 00:26:48,720 above all time high today, does that mean we are going in price 463 00:26:48,720 --> 00:26:50,000 discovery mode? Like what? 464 00:26:50,000 --> 00:26:53,360 What do you think the chart you know the price candle structure 465 00:26:53,360 --> 00:26:56,920 is going to be if we do close above all time high today? 466 00:26:57,440 --> 00:27:01,160 But it's very, very bullish and I've said this many times. 467 00:27:01,160 --> 00:27:05,960 The only time where the only time and almost the only asset 468 00:27:06,000 --> 00:27:12,320 where this failed me in my analysis was the closure app new 469 00:27:12,320 --> 00:27:15,000 all time highs in November of 21. 470 00:27:15,520 --> 00:27:19,360 That was the only time this viewpoint has failed. 471 00:27:19,720 --> 00:27:25,440 Anytime you take three to six months or longer to get back to 472 00:27:25,440 --> 00:27:28,720 an all time high after a significant correction and you 473 00:27:28,720 --> 00:27:31,600 close above that. And we already closed above it 474 00:27:31,600 --> 00:27:34,680 yesterday, right? So yesterday was the new daily 475 00:27:34,680 --> 00:27:38,080 all time high close. Last week was the new weekly all 476 00:27:38,080 --> 00:27:42,600 time high close. Today we broke intraday all time 477 00:27:42,600 --> 00:27:43,960 high. So that means we probably got a 478 00:27:43,960 --> 00:27:47,960 new hourly all time high close. So now we're at all time highs 479 00:27:47,960 --> 00:27:51,680 across the board. We reached those all time highs 480 00:27:51,680 --> 00:27:57,000 about four, 3-4 months ago and I think we're headed significantly 481 00:27:57,000 --> 00:27:59,280 higher. At a minimum you take the 482 00:27:59,280 --> 00:28:07,360 difference between these highs of like 105106 to the lows which 483 00:28:07,360 --> 00:28:14,200 was about 7475 thousand and that gives you about 35,000. 484 00:28:14,400 --> 00:28:17,320 So that is what that should be the upside. 485 00:28:17,520 --> 00:28:20,400 That should be the minimum upside from this point. 486 00:28:20,640 --> 00:28:26,360 So we are looking at about $140,000 price at a minimum with 487 00:28:26,360 --> 00:28:29,760 these closures above new all time highs from a chart 488 00:28:29,760 --> 00:28:33,360 perspective, those are the minimums that I am working with 489 00:28:34,200 --> 00:28:38,040 over the next three months, three to six months, it could be 490 00:28:38,040 --> 00:28:42,280 tomorrow, but over the next few months. 491 00:28:42,760 --> 00:28:45,520 Incredible, incredible. And then what are you expecting? 492 00:28:45,520 --> 00:28:50,440 So we hit 140 KA 150K. We have, you know, do we 493 00:28:50,440 --> 00:28:54,080 consolidate there, you know, chop down a little bit and then, 494 00:28:54,080 --> 00:28:58,480 you know, spark back up to 200. What is your expectation, Tom 495 00:28:58,480 --> 00:29:00,120 Base? You know, we're, we're going up 496 00:29:00,120 --> 00:29:03,400 fairly quickly without any significant corrections. 497 00:29:03,960 --> 00:29:09,160 So look the higher we go, the higher we will stay on the 498 00:29:09,160 --> 00:29:12,520 correction. But percentage wise, I really 499 00:29:12,520 --> 00:29:15,320 think we're going to top sometime in the sometime in the 500 00:29:15,320 --> 00:29:18,040 teens. I think there'll be a top in the 501 00:29:18,040 --> 00:29:23,120 next sometime this week or next week at around 1:15, 1/16 and 502 00:29:23,120 --> 00:29:27,120 then a pull back into the upper 90s or low 1000 or low 100 503 00:29:27,120 --> 00:29:29,680 thousands. So I do think we're going to 504 00:29:29,680 --> 00:29:34,120 pull back to this $90,000 level no matter how high we go at this 505 00:29:34,120 --> 00:29:36,680 point. So even if we go to 1:50, 506 00:29:36,960 --> 00:29:40,720 there's a high probability of a correction down into the 90s or 507 00:29:40,920 --> 00:29:45,640 low 1000, low 100,000. I'd rather have that happen now 508 00:29:46,320 --> 00:29:49,320 than later. I'd rather have us pull back 509 00:29:49,640 --> 00:29:55,680 into 100,000 from closer to 120 and then we can go to 1:50 and 510 00:29:55,680 --> 00:29:57,600 then we only need to pull back to 120. 511 00:29:58,000 --> 00:30:02,880 So either way we are going to back test these areas of upper 512 00:30:02,880 --> 00:30:10,120 90s to lower 100 thousands and that can start as soon as next 513 00:30:10,120 --> 00:30:12,600 week. So hopefully it happens sooner 514 00:30:12,600 --> 00:30:14,800 than later. So last question for you Tone, 515 00:30:14,800 --> 00:30:17,520 regarding the Google trends before we move on to the numbers 516 00:30:17,520 --> 00:30:18,680 segment. Then the new segment. 517 00:30:18,680 --> 00:30:21,200 We got a jam packed show for you guys today. 518 00:30:21,200 --> 00:30:23,440 So smash that like button if you guys are enjoying it. 519 00:30:24,480 --> 00:30:28,600 Question for you Tone. So do you think that because of 520 00:30:28,600 --> 00:30:33,360 Bitcoins price, right people, you know, I think a lot of I 521 00:30:33,360 --> 00:30:37,480 think in 2017 when you're looking at $1000 Bitcoin or 522 00:30:37,480 --> 00:30:42,280 $5000 Bitcoin, it seems somewhat affordable for, you know, the 523 00:30:42,560 --> 00:30:46,680 everyday person. Do you think the unit bias is 524 00:30:46,680 --> 00:30:50,200 coming into account now in terms of they, you know, they, they 525 00:30:50,200 --> 00:30:53,400 log into the most people don't know, they log into Coinbase and 526 00:30:53,400 --> 00:30:57,320 they see $109,000 Bitcoin. They're like, that doesn't make 527 00:30:57,320 --> 00:30:59,880 sense to me. You think B cash Yeah, they're 528 00:31:01,000 --> 00:31:04,440 buying, you know whatever you. Know no the the unit bias is 529 00:31:04,440 --> 00:31:09,120 definitely coming in and I always expected the the unit 530 00:31:09,120 --> 00:31:14,400 bias of Bitcoin to be addressed once once it's consistently 531 00:31:14,400 --> 00:31:19,520 above 100K. So after this bull run, it would 532 00:31:19,520 --> 00:31:22,520 be nice if everyone is not talking about a price of a 533 00:31:22,520 --> 00:31:25,040 single Bitcoin. It will be way better if people 534 00:31:25,040 --> 00:31:28,000 are talking. I really thought bits was going 535 00:31:28,000 --> 00:31:30,840 to be the unit, but it looks like it's going to be Satoshi's. 536 00:31:31,720 --> 00:31:35,080 So I will finally start, you know, referencing Bitcoin and 537 00:31:35,080 --> 00:31:39,240 Satoshi's myself and I think it is time to start. 538 00:31:39,240 --> 00:31:42,040 Then the you guys could drive this bus with your YouTube 539 00:31:42,040 --> 00:31:47,200 channel to start and talking about Bitcoin, you know, pricing 540 00:31:47,200 --> 00:31:51,400 it in Satoshi's instead of dollars, so it'll be sorry 541 00:31:51,400 --> 00:31:54,440 instead of full bitcoins and I think that would help a lot. 542 00:31:54,640 --> 00:31:56,600 The unit bias is going to be a factor. 543 00:31:56,920 --> 00:32:00,680 I completely, completely agree. I think the unit bias is 544 00:32:00,680 --> 00:32:05,040 definitely a big factor and it sounds a whole lot better, you 545 00:32:05,040 --> 00:32:07,880 know, to say, hey man, I have. I just bought a million 546 00:32:07,880 --> 00:32:12,960 Satoshi's versus saying I bought .01 Bitcoin like that kind of 547 00:32:12,960 --> 00:32:15,720 sounds a little bit lame versus dude I bought a million 548 00:32:15,720 --> 00:32:17,840 satoshi's like that sounds badass anyways. 549 00:32:18,600 --> 00:32:21,840 Next year unconfiscatable I'll be pricing it as 1,000,000 550 00:32:21,920 --> 00:32:24,200 Satoshi's instead of .01 Bitcoin. 551 00:32:24,440 --> 00:32:26,240 And I will make it to the next one. 552 00:32:26,240 --> 00:32:30,000 Guys, if you haven't signed up, go check out Tone Baze's poker 553 00:32:30,000 --> 00:32:33,040 tournament Unconfiscatable happening the last day of the 554 00:32:33,040 --> 00:32:36,280 Bitcoin conference May 30th next week. 555 00:32:36,280 --> 00:32:38,800 You definitely don't want to miss it the last two 556 00:32:38,800 --> 00:32:40,840 tournaments. I got to say I don't have 557 00:32:40,840 --> 00:32:44,840 experience in poker, but somehow I made it to the last table, so 558 00:32:44,840 --> 00:32:46,760 I'm patting myself on the back a little bit there. 559 00:32:46,920 --> 00:32:50,520 Anyways, Opti, any comments, thoughts, ideas? 560 00:32:50,520 --> 00:32:52,560 Before we move on to the numbers segment, I do want to give a 561 00:32:52,560 --> 00:32:56,240 shout out to the live stream 808 live viewers on YouTube alone, 562 00:32:56,600 --> 00:33:01,280 1649 live viewers on X and shout out to the Rumble stream 100 563 00:33:01,280 --> 00:33:04,240 live viewers on Rumble. Smash that like button if you 564 00:33:04,240 --> 00:33:08,960 guys are enjoying the show Opti. Yeah, I mean, I, I absolutely 565 00:33:08,960 --> 00:33:12,000 love that we are back to the bits Sats debate. 566 00:33:12,000 --> 00:33:14,960 I've been trolling like all year or I literally trolling for a 567 00:33:14,960 --> 00:33:19,000 year about bits versus SATS and I'm like a SATS guy. 568 00:33:19,000 --> 00:33:23,920 It just makes sense to me. And I do like bits, though bits 569 00:33:23,920 --> 00:33:29,720 does seem to kind of, you know, really, I don't know, fall into 570 00:33:29,800 --> 00:33:34,560 how we view dollars and cents, you know, like $1.00 million 571 00:33:34,560 --> 00:33:38,440 dollars, 100 pennies in $1.00. Like it just, it seems very 572 00:33:38,440 --> 00:33:41,640 simple, but I mean, I don't know, Sats make perfect sense to 573 00:33:41,640 --> 00:33:43,200 me. Maybe I've drinking the kool-aid 574 00:33:43,200 --> 00:33:45,640 too much. But I, I do think unit bias is, 575 00:33:45,640 --> 00:33:48,720 is kind of a thing right now. I know I talk to people and we, 576 00:33:48,760 --> 00:33:51,080 we get this, this trope constantly on the show. 577 00:33:51,080 --> 00:33:53,320 You know, I can't buy a whole Bitcoin. 578 00:33:53,560 --> 00:33:56,040 And it's like, guys, you can buy a fraction of the Bitcoin, but 579 00:33:56,040 --> 00:33:58,840 it just doesn't sound as good. But we do talk about, you know, 580 00:33:58,840 --> 00:34:00,920 sats per dollar constantly every single day. 581 00:34:01,240 --> 00:34:04,520 So yeah, Nika, I guess maybe, maybe we need to switch over to 582 00:34:04,520 --> 00:34:08,199 SAT SAT's the standard. We will get people to understand 583 00:34:08,199 --> 00:34:12,880 what sats is and I mean look the whole unit bias thing it it 584 00:34:12,880 --> 00:34:15,760 really just kind of goes into Bitcoin in general like there is 585 00:34:15,760 --> 00:34:19,600 a lot to learn in Bitcoin and I think you know a million stats 586 00:34:19,600 --> 00:34:22,480 in one bitcoin's probably the the the easiest thing to learn 587 00:34:22,480 --> 00:34:23,600 here. So I I got. 588 00:34:23,600 --> 00:34:25,840 Hope in humanity 100 million. What did I say? 589 00:34:26,199 --> 00:34:28,239 You said a million. Well, 100 million, yeah, 590 00:34:28,239 --> 00:34:29,920 whatever, you know what I'm saying, 100 million in one 591 00:34:29,920 --> 00:34:33,080 Bitcoin, I think that's the easiest thing to to learn here. 592 00:34:33,080 --> 00:34:35,040 Like I, I think people can adapt to that. 593 00:34:35,120 --> 00:34:37,560 If they can learn sense, they can learn sats anyway. 594 00:34:37,560 --> 00:34:40,639 I mean we might have to rebrand simply sats bro instead of 595 00:34:40,639 --> 00:34:44,719 simply Bitcoin anyways, guys, I do want to give a shout out of 596 00:34:44,719 --> 00:34:47,520 course, simply Bitcoin is powered by our partners. 597 00:34:47,520 --> 00:34:50,360 So I do want to give a shout out to our lead sponsor. 598 00:34:50,520 --> 00:34:53,199 The best to build your automatic self custody Bitcoin stack 599 00:34:53,199 --> 00:34:57,040 bitcoinwell.com. What we love about Bitcoin well, 600 00:34:57,400 --> 00:35:00,000 is that it's an automatic self custody Bitcoin on ramp. 601 00:35:00,000 --> 00:35:01,520 What does that mean? That means that when you buy 602 00:35:01,520 --> 00:35:04,440 Bitcoin on Bitcoin well, as soon as the funds clear, it goes 603 00:35:04,440 --> 00:35:07,120 straight to yourself Custody Bitcoin wallet address, which 604 00:35:07,120 --> 00:35:10,120 perfectly aligns with the simply Bitcoin ethos because after all, 605 00:35:10,320 --> 00:35:14,200 self custody is the revolution to get started, you put in your 606 00:35:14,200 --> 00:35:18,040 e-mail address after going to bitcoinwell.com/simply and bada 607 00:35:18,040 --> 00:35:20,720 Bing bada boom within 2 to 5 minutes, you're ready to buy 608 00:35:20,720 --> 00:35:22,320 Bitcoin. Every time you buy Bitcoin on 609 00:35:22,320 --> 00:35:25,680 Bitcoin well, you earn something called Bitcoin well points and 610 00:35:25,680 --> 00:35:28,360 you can redeem those points towards these prizes that I'm 611 00:35:28,360 --> 00:35:31,640 showing on the screen. A stamp seed plate, an orange 612 00:35:31,640 --> 00:35:35,360 cyber truck, a Simply Bitcoin hoodie, a bid ax solo miner. 613 00:35:35,560 --> 00:35:39,080 Or you can toss a coin into the wishing well, which we're going 614 00:35:39,080 --> 00:35:40,840 to be doing live for you guys right now. 615 00:35:40,840 --> 00:35:42,120 Get your Lightning wallets ready. 616 00:35:42,400 --> 00:35:44,840 Every single time you toss a coin into the wishing Well, you 617 00:35:44,880 --> 00:35:47,640 have an opportunity to win up to 1,000,000 Satoshi's. 618 00:35:47,840 --> 00:35:52,120 Today's prize is 362 sats. If you go to 619 00:35:52,120 --> 00:35:57,080 bitcoinwell.com/simply using that URL specifically, you get 3 620 00:35:57,080 --> 00:36:00,280 tosses into the wishing well with your first Bitcoin 621 00:36:00,280 --> 00:36:02,600 purchase. So three opportunities to win up 622 00:36:02,600 --> 00:36:07,520 to 1,000,000 SAT Sounds good to say that's like $1000 these 623 00:36:07,520 --> 00:36:09,240 days. Anyways, guys, it's going to be 624 00:36:09,240 --> 00:36:10,320 a great show. Stay tuned. 625 00:36:10,320 --> 00:36:11,600 We're going to hit the number segment. 626 00:36:11,600 --> 00:36:14,600 Tons to talk about and we got Tone Bays joining us on the 627 00:36:14,600 --> 00:36:16,440 show. We'll be right back in just a 628 00:36:16,440 --> 00:36:24,960 second. I want to tell you guys about 629 00:36:24,960 --> 00:36:29,400 our sponsor stamp seed. Is your Bitcoin and cold storage 630 00:36:29,480 --> 00:36:32,880 really secure? 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They are also crush proof, 643 00:37:13,040 --> 00:37:16,960 waterproof, non corrosive and most importantly, because this 644 00:37:16,960 --> 00:37:22,400 is generational wealth time proof, all things that paper is 645 00:37:22,560 --> 00:37:26,920 not allowing you to huddle your Bitcoin for the long haul. 646 00:37:26,960 --> 00:37:31,560 I mean, here is the plate that they crushed, they put in water, 647 00:37:31,720 --> 00:37:35,160 they put a blowtorch to it. And as you can see, the words 648 00:37:35,240 --> 00:37:38,800 have survived. Stamp your seed on stamp seed 649 00:37:39,360 --> 00:37:44,120 and you can use promo code simply to get 15% off anything 650 00:37:44,120 --> 00:37:46,640 on their store. Head over to stampse-ed.com 651 00:37:46,640 --> 00:37:52,520 today. All right everybody, we are 652 00:37:52,520 --> 00:37:54,040 back. At the time of recording, the 653 00:37:54,040 --> 00:37:59,760 Bitcoin price is $109,300. That's I think the highest we've 654 00:37:59,760 --> 00:38:05,720 read with Clark Moody's dashboard block hide 897,720. 655 00:38:06,720 --> 00:38:10,120 The the chicken, it forgot how to clock, bro. 656 00:38:12,160 --> 00:38:18,080 It's like a it's like a chicken on life support and it's a 657 00:38:18,080 --> 00:38:21,480 rubber chicken. Sats per dollar 915 sats per 658 00:38:21,480 --> 00:38:24,200 dollar Market caps 2.17 trillion. 659 00:38:24,200 --> 00:38:29,920 Bitcoin versus gold market cap 9.36% Percentage issued 94.6% 660 00:38:30,240 --> 00:38:34,880 Decline from all time high .5%. Feels good to say realize 661 00:38:34,880 --> 00:38:38,600 monetary inflation .84%. Anyways, what I want to talk 662 00:38:38,600 --> 00:38:43,800 about today is metaplanet. Holy effing Shigaba, blah blah. 663 00:38:43,960 --> 00:38:45,640 This is crazy. This is nuts. 664 00:38:45,640 --> 00:38:50,840 This is wild. They're up 98% in the trading 665 00:38:50,840 --> 00:38:54,240 day, up from I believe a couple dollars. 666 00:38:54,560 --> 00:38:58,200 It's like $2.00 in the couple days ago. 667 00:38:59,200 --> 00:39:03,680 Yeah, it's $4.00 in in the beginning shot all the way up, 668 00:39:03,680 --> 00:39:10,640 it's at $14.60, up 97% in a single day. 669 00:39:10,840 --> 00:39:13,440 And of course you have a very kind of similar performance 670 00:39:13,440 --> 00:39:16,000 overall with MicroStrategy. I don't think MicroStrategy has 671 00:39:16,000 --> 00:39:22,360 reached all time highs, but the point remains Metaplanet, 672 00:39:22,360 --> 00:39:27,000 another Bitcoin holding company coming out of Japan, this was a 673 00:39:27,000 --> 00:39:31,040 kind of failing hotel chain that was really impacted by the 674 00:39:31,040 --> 00:39:34,600 pandemic and they pivoted to a Bitcoin strategy. 675 00:39:34,920 --> 00:39:38,880 And this stock is just, man, it's going crazy. 676 00:39:38,880 --> 00:39:42,440 So I have a very difficult question for you, Tone Vase. 677 00:39:43,560 --> 00:39:48,840 You know, should people buy Metaplanet or MicroStrategy 678 00:39:48,840 --> 00:39:52,560 instead of Bitcoin 'cause it seems like these stocks are just 679 00:39:52,840 --> 00:39:56,800 going absolutely effing crazy Tone. 680 00:39:58,480 --> 00:40:02,280 Yeah, if look, if you have some kind of information before it 681 00:40:02,280 --> 00:40:05,000 happens, right. And after that, like you said, 682 00:40:05,000 --> 00:40:10,200 right now MicroStrategy is not at, it's at it's all time high, 683 00:40:10,200 --> 00:40:13,800 but Bitcoin is, right. So when you catch these things 684 00:40:13,800 --> 00:40:17,880 properly, yeah, they're going to give you a way higher percent 685 00:40:17,880 --> 00:40:20,880 return. But when everyone knows it 686 00:40:20,880 --> 00:40:23,680 exists, buying it. At this point you're probably 687 00:40:23,680 --> 00:40:26,960 better off buying Bitcoin and self custody Bitcoin. 688 00:40:26,960 --> 00:40:31,120 People forget the self custody part of Bitcoin is one of the 689 00:40:31,120 --> 00:40:34,640 most important parts. So yes, if you have an 690 00:40:34,640 --> 00:40:38,920 opportunity to make some ridiculous return because 691 00:40:38,920 --> 00:40:45,280 something a ship coin is going to pump over a short term, yes, 692 00:40:45,280 --> 00:40:47,040 you can do it. In this case, it's a little bit 693 00:40:47,040 --> 00:40:49,200 better than a ship coin because these companies are actually 694 00:40:49,200 --> 00:40:53,320 holding Bitcoin, but it it's also a company holding Bitcoin 695 00:40:53,320 --> 00:40:55,920 and they're not self custodinian, just like sailor is 696 00:40:55,920 --> 00:40:58,280 not self custodinian, somebody else is. 697 00:40:58,800 --> 00:41:00,840 So there's all these additional risks. 698 00:41:01,280 --> 00:41:05,400 And yes, if you're able to get in on it early and you're able 699 00:41:05,400 --> 00:41:09,200 to capture that percent return early, that's great. 700 00:41:09,200 --> 00:41:12,000 But AF. But once everyone already knows, 701 00:41:12,600 --> 00:41:16,720 it's just adds significant volatility to the equation. 702 00:41:17,040 --> 00:41:19,960 And if you think the market has bottomed and you enter one of 703 00:41:19,960 --> 00:41:22,680 these trades and the market didn't bottom and it still goes 704 00:41:22,680 --> 00:41:26,480 down for another month and another 10% down on Bitcoin, 705 00:41:27,160 --> 00:41:30,240 these stocks can go down 1520 thirty percent. 706 00:41:30,880 --> 00:41:33,680 Yes, they'll recover, but you got to make sure you have 707 00:41:33,680 --> 00:41:36,840 enough, you know, bankroll to hold through that. 708 00:41:37,120 --> 00:41:40,400 And the simplest thing to do is just to buy Bitcoin, put it in 709 00:41:40,400 --> 00:41:47,000 self custody, stamp the private key so you don't lose it and and 710 00:41:47,000 --> 00:41:49,960 you're good to go. And if you have a long enough 711 00:41:49,960 --> 00:41:51,840 time horizon, that is the safest choice. 712 00:41:52,720 --> 00:41:56,720 And and I completely agree with you as as you know, full through 713 00:41:56,720 --> 00:42:02,160 on through Bitcoiners, you know, spot Bitcoin in self custody in 714 00:42:02,160 --> 00:42:04,440 your own possession is the way to go. 715 00:42:04,440 --> 00:42:07,920 Like that is Bitcoin right now. What worries me a little bit 716 00:42:07,920 --> 00:42:14,320 this cycle tone is do we have a huge, I mean effing huge influx 717 00:42:14,320 --> 00:42:19,360 of pure number go up crowd? You know, back in, you know, 718 00:42:19,360 --> 00:42:24,200 back in our era, tone it was, you know, separation of money 719 00:42:24,200 --> 00:42:29,640 and stay, you know, sovereignty, unconfiscatable money. 720 00:42:30,520 --> 00:42:32,800 You know, that was what it was all about. 721 00:42:32,800 --> 00:42:37,560 Right now, I believe with kind of like the introduction of Wall 722 00:42:37,560 --> 00:42:41,120 Street kind of coming into the scene, everyone, this is what 723 00:42:41,120 --> 00:42:43,920 I'm the general consent, like Twitter essentially has become a 724 00:42:43,920 --> 00:42:47,200 trap, like Bitcoin. Twitter has become Bitcoin tried 725 00:42:47,200 --> 00:42:52,280 fi Twitter, because that's what it that's what I as an outside 726 00:42:52,280 --> 00:42:53,800 observer, that's what I'm looking at. 727 00:42:53,800 --> 00:42:56,880 People are just they're looking at the gains and the 728 00:42:56,880 --> 00:42:59,840 conversation of, you know, taking Bitcoin into self 729 00:42:59,840 --> 00:43:01,440 custody. It's, it's, it's almost as if 730 00:43:01,440 --> 00:43:03,400 it's being muted into the background. 731 00:43:04,000 --> 00:43:08,760 So what's your opinion on that? Are we moving away towards, you 732 00:43:08,760 --> 00:43:11,680 know, is the normalization of other people holding your 733 00:43:11,680 --> 00:43:13,880 Bitcoin is, is that accelerating? 734 00:43:15,120 --> 00:43:18,280 Yeah, it's an unfortunate situation, but it's something I 735 00:43:18,280 --> 00:43:20,520 always expected and it's something we have to live with 736 00:43:21,320 --> 00:43:25,440 that, yeah, people are not going to be self custody in their 737 00:43:25,440 --> 00:43:28,120 Bitcoin. And it's it's it, it could 738 00:43:28,120 --> 00:43:31,320 potentially be a problem in the future. 739 00:43:31,320 --> 00:43:33,800 It's a problem I've been discussing for a long time. 740 00:43:34,320 --> 00:43:37,840 What happens when the US government decides to come for 741 00:43:37,840 --> 00:43:41,120 the Bitcoin held in Coinbase custody, that there is nothing 742 00:43:41,120 --> 00:43:43,000 anyone will be able to do about that. 743 00:43:43,400 --> 00:43:47,960 And hopefully everyone would wise up and, you know, pull the 744 00:43:47,960 --> 00:43:50,680 Bitcoin out and hold on to it as much as they can. 745 00:43:51,360 --> 00:43:54,480 But I'm also not expecting this in the next few years. 746 00:43:54,720 --> 00:43:57,160 So I think we have one more bull cycle in it. 747 00:43:57,560 --> 00:44:01,040 I think this bull cycle and probably the next bull cycle. 748 00:44:01,440 --> 00:44:04,920 And after that, once Bitcoin is over that $1,000,000 threshold, 749 00:44:05,480 --> 00:44:10,520 once Bitcoin is challenging gold's market cap, it's a 750 00:44:10,520 --> 00:44:14,960 serious, serious concern that at that moment, the government can 751 00:44:14,960 --> 00:44:17,200 easily, you know, take control of it. 752 00:44:17,440 --> 00:44:21,000 And this is also why, like, foreign governments may not get 753 00:44:21,000 --> 00:44:23,080 in on it, right? If the majority of the Bitcoin 754 00:44:23,080 --> 00:44:27,120 is controlled by American entities, it makes it tricky for 755 00:44:27,120 --> 00:44:30,720 China and Russia to buy a lot of Bitcoin because the United 756 00:44:30,720 --> 00:44:32,960 States can confiscate a big chunk of it. 757 00:44:33,560 --> 00:44:36,640 So we'll see which way the trend goes, but I'm not very 758 00:44:36,640 --> 00:44:38,720 optimistic that the trend's going to go in the right 759 00:44:38,720 --> 00:44:41,440 direction. And let's talk about that tone 760 00:44:41,440 --> 00:44:43,320 because there's a lot to unpack there, right? 761 00:44:43,320 --> 00:44:47,520 Which is, you know, eventually the US government is going to 762 00:44:47,520 --> 00:44:52,640 pull, you know, AI forget what the executive order is, what the 763 00:44:52,640 --> 00:44:58,920 number was, you know, a executive order 6102 on Bitcoin. 764 00:45:00,800 --> 00:45:04,920 It, it seemed seems like you're very confident that that will 765 00:45:04,920 --> 00:45:07,080 happen. I think and then coming from my 766 00:45:07,080 --> 00:45:10,720 perspective as well, and we're going to talk about this just 767 00:45:10,720 --> 00:45:15,080 during the news segment, by the way, I got some clips lined up 768 00:45:15,080 --> 00:45:18,600 and I got some stories and so happy that tone's here to join 769 00:45:18,600 --> 00:45:21,920 us. But it's, it's becoming 770 00:45:21,920 --> 00:45:28,240 incredibly obvious that there is absolutely no way or intention 771 00:45:28,520 --> 00:45:34,040 that the US government, you know, has any idea of that. 772 00:45:34,080 --> 00:45:39,680 They I just, I don't think they had, they don't not only can 773 00:45:39,680 --> 00:45:42,800 they not pay down the debt, they don't have any intention of 774 00:45:42,800 --> 00:45:44,560 paying down the debt either, right? 775 00:45:44,560 --> 00:45:49,600 So it's it's two things and I think they might see Bitcoin as 776 00:45:49,600 --> 00:45:51,440 kind of like this bailout, right? 777 00:45:51,800 --> 00:45:53,760 Is that kind of your thinking behind it? 778 00:45:53,760 --> 00:45:57,600 Tone? Yeah, maybe. 779 00:45:57,600 --> 00:45:59,640 But you also have to realize that if the government does 780 00:45:59,640 --> 00:46:01,720 confiscate the Bitcoin, the price of Bitcoin probably 781 00:46:01,720 --> 00:46:03,960 crashes big time. So I don't think it's a solution 782 00:46:03,960 --> 00:46:07,880 to the debt problem. I I don't know. 783 00:46:08,080 --> 00:46:10,360 They have no interest in paying down the debt. 784 00:46:10,360 --> 00:46:14,640 They can't pay down the debt. I, I don't know how that's going 785 00:46:14,640 --> 00:46:22,240 to resolve, but in their attempt to self preserve, I just that 786 00:46:22,240 --> 00:46:26,680 that's what I see the the same order as the gold confiscation 787 00:46:26,680 --> 00:46:28,920 happening to Bitcoin. And This is why it's so 788 00:46:28,920 --> 00:46:32,040 important to self custody. And that's why it's so important 789 00:46:32,040 --> 00:46:33,880 to spread the knowledge of self custody. 790 00:46:34,960 --> 00:46:36,400 Yeah. And what do you think and how 791 00:46:36,400 --> 00:46:39,760 does that world look like, right, where essentially the US 792 00:46:39,760 --> 00:46:42,080 government goes out and says, hey, you know what? 793 00:46:42,400 --> 00:46:45,320 The self custody of Bitcoin is illegal. 794 00:46:46,120 --> 00:46:50,640 Any Bitcoin in in custodians, you know, it now belongs to us. 795 00:46:51,720 --> 00:46:54,520 You know what does that world look like for Bitcoiners that 796 00:46:54,800 --> 00:46:57,560 you know are taking Bitcoin into self custody? 797 00:46:59,000 --> 00:47:02,880 Well, I'm hoping that it just leads to the a lot of decent 798 00:47:02,880 --> 00:47:06,160 amount of Bitcoin is held like like diversified through states. 799 00:47:06,840 --> 00:47:10,440 And this finally leads to that breakup of the US into multiple 800 00:47:10,440 --> 00:47:13,680 countries with multiple states, because that could be the only 801 00:47:13,680 --> 00:47:18,960 way for like for it to survive. Yeah, and interesting. 802 00:47:18,960 --> 00:47:20,800 Wow. All right, Opti, what are your, 803 00:47:20,800 --> 00:47:23,560 what's your take on this? And then on the new segment, we 804 00:47:23,560 --> 00:47:26,640 have a lot to unpack. We're going to get to in just a 805 00:47:26,640 --> 00:47:28,200 SEC. Yeah, well, I'm just going to 806 00:47:28,200 --> 00:47:31,040 kind of troll you on the Metaplanet stock because I don't 807 00:47:31,040 --> 00:47:34,560 know if you guys know we are rebranding from simply Bitcoin 808 00:47:34,560 --> 00:47:38,240 to simply Bitcoin stocks here because it looks like it's all 809 00:47:38,240 --> 00:47:40,040 about Bitcoin treasury companies. 810 00:47:40,320 --> 00:47:43,080 And and that person that Nico's talking about is himself. 811 00:47:43,080 --> 00:47:45,800 He keeps saying, man, I should have just bought MicroStrategy 812 00:47:45,800 --> 00:47:48,800 and Metaplanet, what am I doing? Like what what is going on? 813 00:47:49,040 --> 00:47:52,880 But I am always echoing what Tone is saying here. 814 00:47:53,160 --> 00:47:57,200 It is all about self custody and and yes, of course, for whatever 815 00:47:57,200 --> 00:47:59,720 reasons, you know, you could have various reasons if you need 816 00:47:59,720 --> 00:48:03,000 to get your money or it's stuck in capital markets and you know, 817 00:48:03,000 --> 00:48:05,920 you want to buy these stocks. I'm all I'm all OK with it. 818 00:48:05,920 --> 00:48:08,400 Obviously you're going to get some good gains here, but the 819 00:48:08,400 --> 00:48:11,520 real the real move here is what Tone's saying is you take 820 00:48:11,520 --> 00:48:13,840 Bitcoin into custody. This is how you protect 821 00:48:13,840 --> 00:48:16,480 yourself. Yes, we are kind of getting into 822 00:48:16,480 --> 00:48:18,160 this. I don't know if like Venus 823 00:48:18,160 --> 00:48:21,080 flytrap is the right metaphor here, but that's kind of the 824 00:48:21,080 --> 00:48:24,720 vibe I'm feeling right now we're seeing Actually, I'd like, I 825 00:48:25,200 --> 00:48:28,120 would like tone this. Do you think Bitcoin treasury 826 00:48:28,120 --> 00:48:31,640 stocks right now is the new alt season? 827 00:48:34,120 --> 00:48:37,360 Oh boy. By the way, with all these 828 00:48:37,360 --> 00:48:40,000 solutions, right, let me tell you what's not a solution to 829 00:48:40,000 --> 00:48:44,280 this potential Bitcoin confiscation problem, a ship 830 00:48:44,280 --> 00:48:49,520 coin of interest to you that that is not a solution to the 831 00:48:49,520 --> 00:48:52,120 Bitcoin problem. Now, the US government has a big 832 00:48:52,120 --> 00:48:55,680 problem with its treasuries because who wants to buy U.S. 833 00:48:55,680 --> 00:48:58,560 Treasuries because of the depth of the United States and the 834 00:48:58,560 --> 00:49:02,440 path of the United States is on. And also with all these 835 00:49:02,440 --> 00:49:05,800 sanctions around the world and the tariffs and all the other 836 00:49:05,800 --> 00:49:09,720 stuff that the US is doing, countries around the around the 837 00:49:09,720 --> 00:49:14,480 world are buying less and less of American debt. 838 00:49:14,800 --> 00:49:19,760 And I try to keep, I try to keep up to date the data of which 839 00:49:19,760 --> 00:49:21,920 countries are holding how much American debt. 840 00:49:22,160 --> 00:49:26,560 And Russia sold all of American debt that they had like 10 years 841 00:49:26,560 --> 00:49:28,800 ago because they saw the writing on the wall. 842 00:49:29,120 --> 00:49:34,720 China has been, you know, lessening the debt that they're 843 00:49:34,720 --> 00:49:40,240 holding more and more, and it's been Europe and the Caribbean 844 00:49:40,240 --> 00:49:43,240 islands picking up the slack of buying American debt. 845 00:49:43,240 --> 00:49:46,200 And Europe ain't exactly in good situation either. 846 00:49:46,480 --> 00:49:52,040 So I think one of the worst assets to hold is American debt 847 00:49:52,200 --> 00:49:55,080 or the depth of any country. Basically. 848 00:49:55,560 --> 00:49:58,120 I think national debt is a huge, huge problem. 849 00:49:58,440 --> 00:50:01,520 And that reckoning is coming very, very soon. 850 00:50:02,160 --> 00:50:03,840 Yeah. But 100% agree. 851 00:50:03,840 --> 00:50:06,680 We're going to cover more of that as it relates to that 852 00:50:06,680 --> 00:50:09,360 during the news segment. And then guys, stay tuned. 853 00:50:09,360 --> 00:50:11,640 During the culture segment, we're we're going to talk all 854 00:50:11,640 --> 00:50:15,280 things unconfiscatable and of course Opti's got some things 855 00:50:15,280 --> 00:50:18,680 lined up as well. So we will be right back in just 856 00:50:18,680 --> 00:50:20,120 a second. We're going to hit the news. 857 00:50:21,640 --> 00:50:24,240 I want to give a shout out to our sponsor Casa. 858 00:50:24,320 --> 00:50:27,720 Casa makes self custody easy and secure. 859 00:50:27,840 --> 00:50:31,280 As a Bitcoiner I care about holding my own private keys, but 860 00:50:31,280 --> 00:50:33,920 multi sig can sometimes get tricky. 861 00:50:34,080 --> 00:50:37,040 Casa nails it with a multi key security. 862 00:50:37,040 --> 00:50:41,560 So even if one key gets lost or stolen, your Bitcoin stays safe 863 00:50:41,640 --> 00:50:44,960 and you don't give up custody. Meaning no one could access your 864 00:50:44,960 --> 00:50:48,120 Bitcoin but you. No seed phrase anxiety, no 865 00:50:48,120 --> 00:50:51,040 singer point of failure. I've been telling my friends and 866 00:50:51,040 --> 00:50:56,120 family about Casa for years. Their UX and UI on their app is 867 00:50:56,120 --> 00:51:00,040 by far the best in the industry. Inheritance planning is built 868 00:51:00,040 --> 00:51:02,960 in, and they even offer Casa for business. 869 00:51:02,960 --> 00:51:06,000 If you're thinking about a Bitcoin treasury, hit up Casa 870 00:51:06,000 --> 00:51:11,040 dot IO today and use promo code simply to get 10% off Casa 871 00:51:11,040 --> 00:51:14,480 Standard or Casa Premium. Head over to Casa dot IO. 872 00:51:20,280 --> 00:51:22,680 I want to give a shout out to our partner coin kite. 873 00:51:22,880 --> 00:51:26,280 If you take your Bitcoin security seriously, you'll need 874 00:51:26,280 --> 00:51:29,760 the best Bitcoin hardware wallet on the market to take self 875 00:51:29,760 --> 00:51:32,280 custody. That's where cold card comes in 876 00:51:32,560 --> 00:51:36,440 The cold card Q is the most advanced Bitcoin signing device 877 00:51:36,600 --> 00:51:39,440 ever made. It's got a full keyboard, larger 878 00:51:39,440 --> 00:51:43,600 screen and NFC support, making air gap signing easier than 879 00:51:43,600 --> 00:51:45,880 ever. It's built for power users who 880 00:51:45,880 --> 00:51:49,840 want the ultimate security without sacrificing usability. 881 00:51:49,960 --> 00:51:53,400 And if if you're looking for a battle tested on compromising 882 00:51:53,440 --> 00:51:57,640 cold storage, the Cold Card MK4 is your go to. 883 00:51:57,800 --> 00:52:02,280 With PSPT signing an industrial grade secure element and USBC, 884 00:52:02,640 --> 00:52:05,640 it's the perfect blend of security and convenience. 885 00:52:05,800 --> 00:52:10,960 Both devices are of course 100% Bitcoin only open source and 886 00:52:10,960 --> 00:52:13,440 built by Bitcoiners for Bitcoiners. 887 00:52:13,560 --> 00:52:17,600 Secure your Bitcoin the right way with the Cold Card queue and 888 00:52:17,600 --> 00:52:20,920 the MK4. Head over to coldcard.com today 889 00:52:21,040 --> 00:52:25,560 and use promo code simply to get 5% off anything on the store. 890 00:52:29,840 --> 00:52:33,360 All right, everybody, we are back and this is Opti, and Opti 891 00:52:35,720 --> 00:52:39,560 is holding the Cold Card queue. It's the best Bitcoin hardware 892 00:52:39,560 --> 00:52:41,880 wallet in the game. It's completely open source, 893 00:52:41,880 --> 00:52:46,440 it's easy to use, and you can use promo code simply to get 5% 894 00:52:46,440 --> 00:52:49,160 off anything on the cold card store. 895 00:52:49,840 --> 00:52:51,560 We were just talking about self custody. 896 00:52:51,640 --> 00:52:53,720 Do self custody man. Get yourself a cold card 897 00:52:53,720 --> 00:52:56,440 hardware wallet. Scan the QR code in the on the 898 00:52:56,440 --> 00:52:59,240 video right now or check the link in the video slash podcast 899 00:52:59,240 --> 00:53:01,040 description. Anyways, I do want to talk about 900 00:53:01,040 --> 00:53:04,760 this and I'm so happy that we have tone on the show and I will 901 00:53:04,760 --> 00:53:07,200 say say the tone tone we are on YouTube. 902 00:53:07,440 --> 00:53:09,880 So don't go too don't don't go too hard on us. 903 00:53:10,880 --> 00:53:13,600 But something I found really interesting. 904 00:53:13,600 --> 00:53:17,360 So there's this video that essentially went on, you know, 905 00:53:17,520 --> 00:53:20,880 on on it was making the rounds on X and I'll give a little bit 906 00:53:20,880 --> 00:53:25,080 of context here, right this last year, right, this last election, 907 00:53:25,080 --> 00:53:28,120 crazy, crazy election for anyone who's been paying attention, 908 00:53:28,160 --> 00:53:31,720 right, the US essentially wasn't a fork, wasn't a fork in the 909 00:53:32,280 --> 00:53:33,800 right. It's going to go One Direction 910 00:53:33,800 --> 00:53:35,200 or it's going to go the other direction. 911 00:53:35,400 --> 00:53:38,400 Now we are Bitcoin show. We're not a a a new show. 912 00:53:38,640 --> 00:53:41,560 So we're going to kind of tie this into as it relates to 913 00:53:41,560 --> 00:53:44,280 Bitcoin. But one of the things that Trump 914 00:53:44,280 --> 00:53:47,720 campaigned on was cutting spending. 915 00:53:47,720 --> 00:53:49,640 That was a big part of his campaign. 916 00:53:49,800 --> 00:53:53,880 In fact, he got one of the he got the richest man in the 917 00:53:53,880 --> 00:53:57,440 world, a dude that literally invented self landing rockets 918 00:53:57,440 --> 00:54:02,200 and self driving cars, Elon Musk to be part of that government. 919 00:54:02,200 --> 00:54:06,000 And Elon essentially promised the American people with doge, 920 00:54:06,000 --> 00:54:10,040 not not the altcoin, but the department of government 921 00:54:10,040 --> 00:54:13,080 efficiency that he was going to go in there and he was 922 00:54:13,080 --> 00:54:17,880 essentially going to cut government, make government 923 00:54:17,920 --> 00:54:24,000 less, I mean more efficient. And the amount of the amount of 924 00:54:24,000 --> 00:54:28,920 pushback that he got. I mean they were setting Tesla's 925 00:54:28,920 --> 00:54:32,400 on fire, you know, they were, you know, threatening him, 926 00:54:32,680 --> 00:54:37,920 etcetera, etcetera, to the point that even people of the party 927 00:54:37,920 --> 00:54:41,760 that he sunk money into getting elected, you can make an 928 00:54:41,760 --> 00:54:44,720 argument that they weren't supporting it right. 929 00:54:45,240 --> 00:54:49,640 And beauty on wrote this amazing post and when I saw this video 930 00:54:49,640 --> 00:54:52,080 of must, to me, it was incredibly obvious as a 931 00:54:52,080 --> 00:54:56,640 bitcoiner that the system itself is addicted to Fiat money. 932 00:54:56,880 --> 00:55:00,720 It's addicted to Fiat money. And if you think that a system 933 00:55:00,720 --> 00:55:03,800 that's addicted to Fiat money, it's source of power comes from 934 00:55:03,800 --> 00:55:07,200 Fiat money, Do you do you think they're just going to just walk 935 00:55:07,200 --> 00:55:10,640 away willingly from that? I think it's a bit naive and 936 00:55:10,640 --> 00:55:12,760 it's not taking into account human nature. 937 00:55:13,160 --> 00:55:15,840 So I'm going to play you guys this clip of Elon and then I'm 938 00:55:15,840 --> 00:55:18,760 going to read some posts by myself and then beauty on and 939 00:55:18,760 --> 00:55:20,920 then we're going to get tone thoughts on it. 940 00:55:20,920 --> 00:55:27,960 So let's check out the clip, I think in terms of. 941 00:55:27,960 --> 00:55:30,840 Political spending. I'm going to do a lot less in 942 00:55:30,840 --> 00:55:33,560 the future. And why is that? 943 00:55:35,680 --> 00:55:40,120 I think I've done enough. Is it? 944 00:55:40,280 --> 00:55:45,520 Is it because of blowback? Well, if I see. 945 00:55:45,640 --> 00:55:47,720 A reason to do political spending in the future. 946 00:55:47,720 --> 00:55:49,000 I will do it. I don't know. 947 00:55:52,200 --> 00:55:56,400 So here's another clip. My question is more about your 948 00:55:56,400 --> 00:55:58,760 work at DOGE, for example. Was that worth it? 949 00:55:58,840 --> 00:56:03,160 You know, to the extent you are now, Elon, you are somewhat 950 00:56:03,160 --> 00:56:06,360 divisive figure two years ago, but now you really are. 951 00:56:06,520 --> 00:56:09,040 I mean, there are people who love you, but there are a lot of 952 00:56:09,040 --> 00:56:11,960 people who dislike you, some of whom were your customers and I. 953 00:56:11,960 --> 00:56:15,400 And I wonder, was it worth the undertaking at DOGE and 954 00:56:15,400 --> 00:56:18,000 everything else that you've done and how outspoken you've been in 955 00:56:18,000 --> 00:56:21,440 terms of the things you believe in to antagonize so many 956 00:56:21,440 --> 00:56:24,640 potential buyers and or users of things like a robot taxi? 957 00:56:25,600 --> 00:56:29,560 Well, I mean, unfortunately, what I've learned is that legacy 958 00:56:29,560 --> 00:56:33,480 media propaganda is very effective at making people 959 00:56:33,480 --> 00:56:39,160 believe things that aren't true. I can't play that second part. 960 00:56:39,160 --> 00:56:42,560 But essentially, you know, they, they kind of convinced the world 961 00:56:42,560 --> 00:56:48,120 that Elon is, you know, comes from a certain political 962 00:56:48,120 --> 00:56:49,840 philosophy. Now, here's the thing. 963 00:56:49,840 --> 00:56:53,320 Now this is the kind of the, the, and I got to give credit 964 00:56:53,320 --> 00:56:55,840 where credit is due to me and Opti, because we've been calling 965 00:56:55,840 --> 00:56:58,000 this for the last couple of months now. 966 00:56:58,000 --> 00:57:00,920 And I think Bitcoiners fundamentally understand this. 967 00:57:01,240 --> 00:57:05,080 You can tell Elon's frustration like by those two interviews, 968 00:57:05,080 --> 00:57:10,520 you could see it in it, it, it in his eyes, right, that it 969 00:57:10,520 --> 00:57:13,280 doesn't matter either. He he came in there as an 970 00:57:13,280 --> 00:57:16,040 entrepreneur trying to fix the system. 971 00:57:16,240 --> 00:57:18,280 He did all the right things. He did. 972 00:57:18,440 --> 00:57:20,120 And essentially it was sabotaged. 973 00:57:20,200 --> 00:57:22,520 And what I came up with, I think that I wrote this this morning, 974 00:57:22,520 --> 00:57:26,400 I said all his efforts with Doge to cut spending were sabotaged 975 00:57:26,480 --> 00:57:30,040 either by the media or the system itself, regardless of 976 00:57:30,040 --> 00:57:31,240 party. And I'll get to that in a 977 00:57:31,240 --> 00:57:34,840 second. The only solution to like 978 00:57:34,840 --> 00:57:39,760 actually reasonably cut the size of government is the separation 979 00:57:39,760 --> 00:57:42,680 of money and state. And here's the thing, this is an 980 00:57:42,680 --> 00:57:45,480 interesting phenomenon and I think it's something that 981 00:57:45,480 --> 00:57:47,480 Bitcoiners fundamentally understand. 982 00:57:47,480 --> 00:57:49,720 And it kind of ties back into what Tone was saying in the 983 00:57:49,720 --> 00:57:51,400 beginning, in the beginning of the show. 984 00:57:51,680 --> 00:57:55,480 This isn't a changing of the system through votes or through 985 00:57:55,560 --> 00:57:58,800 kinetic action. This is actually the Bitcoin 986 00:57:58,800 --> 00:58:02,280 revolution is a Bitcoin is a revolution of individuals 987 00:58:02,800 --> 00:58:06,480 reclaiming back their financial sovereignty by opting out of 988 00:58:06,480 --> 00:58:10,280 political money entirely and going into Bitcoin, therefore 989 00:58:10,280 --> 00:58:13,320 reclaiming back their power and financial sovereignty in the 990 00:58:13,320 --> 00:58:17,160 process. That is the only solution to the 991 00:58:17,160 --> 00:58:20,400 spending problem. There is no other solution. 992 00:58:20,600 --> 00:58:26,440 If Elon Musk could not solve the problem, that speaks for itself. 993 00:58:26,440 --> 00:58:28,720 Now beauty on goes even harder in the paint. 994 00:58:29,040 --> 00:58:33,160 I'll see how much of this is YouTube friendly, but he says 995 00:58:33,160 --> 00:58:38,320 Elon's mistake was his belief in that's a very his belief in the 996 00:58:38,320 --> 00:58:41,840 system, and that politicians are motivated by the good of the 997 00:58:41,840 --> 00:58:45,640 people, not self-interest and greed above all else. 998 00:58:46,320 --> 00:58:49,240 Had he realized this, he would never have embarked on his 999 00:58:49,240 --> 00:58:52,760 campaign to reform government. Government workers in the state 1000 00:58:52,760 --> 00:58:56,200 itself doesn't seek reform. It seeks at a minimum, the 1001 00:58:56,200 --> 00:59:00,560 status quo and at all times to increase the the the health 1002 00:59:00,560 --> 00:59:02,800 levels. The correct analysis of the 1003 00:59:02,800 --> 00:59:06,240 problem is the understanding that the form of money and the 1004 00:59:06,240 --> 00:59:09,520 ability to print it out of nothing is the natural 1005 00:59:09,520 --> 00:59:13,640 constraint that needs to be imposed, not regulation or 1006 00:59:13,640 --> 00:59:17,760 reform or efficiency. Once the state can't print money 1007 00:59:17,760 --> 00:59:21,680 at will, the automatic result will be the constraint of the 1008 00:59:21,680 --> 00:59:24,360 spending of the state because there is no money. 1009 00:59:25,200 --> 00:59:27,160 Elon didn't realize this in time. 1010 00:59:27,440 --> 00:59:30,040 He mistakenly believed that something that is inherently 1011 00:59:30,040 --> 00:59:32,440 corrupt could be made non corrupt. 1012 00:59:32,600 --> 00:59:37,600 He thought Bitcoin was a joke or partially believing the certain 1013 00:59:37,600 --> 00:59:40,480 people in the environmental movement that somehow Bitcoin 1014 00:59:40,480 --> 00:59:43,440 uses a lot of electricity and was quote, bad for the 1015 00:59:43,440 --> 00:59:45,680 environment. Had he had not taken this 1016 00:59:45,680 --> 00:59:48,840 position, he would have fully embraced Bitcoin, knowing that 1017 00:59:48,840 --> 00:59:52,720 it was the key to the complete solution to many problems, 1018 00:59:52,920 --> 00:59:56,200 including corruption that we see in governments. 1019 00:59:56,440 --> 01:00:00,240 So I'll leave it at that, trying to move the Overton window 1020 01:00:00,240 --> 01:00:03,760 slowly but surely and kind of open the conversation that we 1021 01:00:03,760 --> 01:00:06,160 have tone here and just take into account that we are on 1022 01:00:06,160 --> 01:00:08,840 YouTube. But these are very important 1023 01:00:08,840 --> 01:00:12,200 conversations to have, right? You know, this is something that 1024 01:00:12,200 --> 01:00:15,640 me and Opti have been saying for many, many, many, many months 1025 01:00:15,640 --> 01:00:18,160 now, right? That even with the best 1026 01:00:18,160 --> 01:00:22,280 intention, Elon was only able to cut, I think it was like 150 or 1027 01:00:22,280 --> 01:00:27,080 250 billion without the amount of blowback from the very system 1028 01:00:27,080 --> 01:00:29,240 itself. And something that, you know, 1029 01:00:29,240 --> 01:00:33,000 Bitcoiners came to a conclusion to very early on. 1030 01:00:33,200 --> 01:00:39,200 Even I think I saw a post from Anthony Pompliano like you can't 1031 01:00:39,200 --> 01:00:41,040 stop this train. You can't stop. 1032 01:00:41,200 --> 01:00:42,840 You can't, you can't change the system. 1033 01:00:43,000 --> 01:00:46,280 The only way you change it's addicted to printing money. 1034 01:00:46,520 --> 01:00:50,640 In fact, people's livelihoods, you know, come from the money 1035 01:00:50,640 --> 01:00:53,080 printer. You can get into an ethical 1036 01:00:53,080 --> 01:00:55,920 conversation about that and all that discussion. 1037 01:00:55,920 --> 01:01:00,320 But what I'm trying to say is if you want smaller government, you 1038 01:01:00,320 --> 01:01:02,680 need to take away the government's ability to print 1039 01:01:02,680 --> 01:01:05,400 money. And you can't do that in a, in a 1040 01:01:05,400 --> 01:01:09,600 traditional political sense, the only way of really doing that is 1041 01:01:09,600 --> 01:01:12,960 by opting out of the system entirely and opting that opting 1042 01:01:12,960 --> 01:01:14,720 out into Bitcoin. And you do that on the 1043 01:01:14,720 --> 01:01:17,240 individual level. This is not a collective thing. 1044 01:01:17,560 --> 01:01:20,120 I'm telling you guys, I'm speaking to you through a camera 1045 01:01:20,120 --> 01:01:22,320 and on the Internet and blah, blah, blah, blah, blah. 1046 01:01:22,480 --> 01:01:25,240 But that's what a Bitcoin in essence is. 1047 01:01:25,240 --> 01:01:28,960 It's an individual revolution. It's, it's you as an individual 1048 01:01:28,960 --> 01:01:33,520 reclaiming back your sovereignty and opting out of politics in 1049 01:01:33,520 --> 01:01:35,920 general, right? Because listen, it doesn't 1050 01:01:35,920 --> 01:01:37,480 matter. And, and if you live in a 1051 01:01:37,480 --> 01:01:41,960 country that has a relatively unstable Fiat currency, you'll 1052 01:01:41,960 --> 01:01:44,720 see this quicker like you did, the fact that you live in the 1053 01:01:44,880 --> 01:01:49,200 US, you have a lot of financial privilege in the sense that you 1054 01:01:49,200 --> 01:01:51,880 have a Fiat currency that is somewhat stable. 1055 01:01:52,640 --> 01:01:55,960 But if I was having the same discussion and making the same 1056 01:01:55,960 --> 01:02:00,560 argument to someone in Venezuela who is, or someone in Argentina 1057 01:02:00,720 --> 01:02:04,640 who is essentially forced to live under bolivares or pesos, 1058 01:02:04,840 --> 01:02:07,800 and I was making the same exact argument, you would understand 1059 01:02:07,800 --> 01:02:10,840 it like this. And the beauty of Bitcoin is 1060 01:02:10,840 --> 01:02:15,520 that you don't have to wait for whoever is in power to make 1061 01:02:15,520 --> 01:02:19,080 those said changes. You can essentially adopt A 1062 01:02:19,080 --> 01:02:23,960 Bitcoin standard and everything around you is going to 1063 01:02:24,440 --> 01:02:27,520 essentially lower in cost as time goes by. 1064 01:02:27,800 --> 01:02:31,760 Instead of you living on this inflationary type of mindset, an 1065 01:02:31,760 --> 01:02:35,160 inflationary standard, you actually start to live on a 1066 01:02:35,160 --> 01:02:38,120 deflationary standard and it completely changes the entire 1067 01:02:38,120 --> 01:02:41,360 ball game. So I do want to give credit for 1068 01:02:41,360 --> 01:02:46,160 Elon for trying, but at the same time, Opti, did we not call this 1069 01:02:46,320 --> 01:02:48,560 like 6 months ago? We hit the nail on the head. 1070 01:02:48,560 --> 01:02:51,400 We said, dude, it's impossible. He's not going to be able to do 1071 01:02:51,400 --> 01:02:53,520 it. You can't change the system 1072 01:02:53,520 --> 01:02:56,240 within within the system. What you can do as an individual 1073 01:02:56,240 --> 01:02:57,760 is opt out of the system entirely. 1074 01:02:57,920 --> 01:03:00,520 Now tone. All that being said, what's your 1075 01:03:00,520 --> 01:03:04,920 take on this man? Again, I think it was reasonably 1076 01:03:05,000 --> 01:03:08,400 easy to predict if you understand human nature. 1077 01:03:08,880 --> 01:03:13,520 I, I, I don't understand how he was able to save 200 or 300 1078 01:03:13,520 --> 01:03:15,360 billion. I think that number is grossly 1079 01:03:15,360 --> 01:03:17,560 overstated. I know they cut a bunch of 1080 01:03:17,600 --> 01:03:22,400 irrelevant stuff that was a few 100 millions of dollars of all 1081 01:03:22,400 --> 01:03:28,440 of, I don't know, some USA aid and some of the other crazy 1082 01:03:28,440 --> 01:03:30,720 stuff. But all of that is irrelevant, 1083 01:03:31,040 --> 01:03:33,560 right? Like the US government spends 1084 01:03:34,120 --> 01:03:38,840 like 6 or $7 trillion a year. I actually have all of these 1085 01:03:38,840 --> 01:03:40,920 numbers in a spreadsheet that I maintain. 1086 01:03:41,200 --> 01:03:47,640 So it's Last year, the federal government spent almost $7 1087 01:03:47,640 --> 01:03:50,200 billion. That was last year's number. 1088 01:03:50,200 --> 01:03:55,520 This year, the government is on pace to spend over $7 trillion. 1089 01:03:55,840 --> 01:04:05,000 Their tax revenue will collect at best, 5, 5 trillion at best, 1090 01:04:05,680 --> 01:04:13,960 which is also probably unlikely. And the budget deficit for 2025, 1091 01:04:13,960 --> 01:04:19,360 Trump's first year, will be the biggest budget deficit ever, 1092 01:04:19,800 --> 01:04:24,600 excluding the two COVID years, 2020 and 2021, because nobody 1093 01:04:24,600 --> 01:04:26,720 was working right and they were printing money like crazy. 1094 01:04:26,760 --> 01:04:28,400 There was like no tax revenue, no nothing. 1095 01:04:28,880 --> 01:04:35,520 And for whatever money that Elon can possibly save, all of that, 1096 01:04:36,080 --> 01:04:39,720 there was a request for $1 trillion towards the National 1097 01:04:39,720 --> 01:04:44,680 Defense, which would mean an increase of like $150 billion. 1098 01:04:45,320 --> 01:04:49,440 So everything that Elon could possibly save, or that just 1099 01:04:49,440 --> 01:04:53,480 means that another department like starting another war will 1100 01:04:53,480 --> 01:04:56,840 just absorb that. It is not going to make a 1101 01:04:56,840 --> 01:05:02,240 difference whatsoever. And even USAID stuff, yeah, it's 1102 01:05:02,240 --> 01:05:03,840 bad. It's, you know, hundreds of 1103 01:05:03,840 --> 01:05:06,640 millions of dollars. But what's hundreds of millions 1104 01:05:06,640 --> 01:05:09,640 in a budget of trillions? We are talking like 1 penny out 1105 01:05:09,640 --> 01:05:15,160 of a dollar. It's Elon finally realized this 1106 01:05:15,160 --> 01:05:18,080 and it certainly hurt his company a little bit. 1107 01:05:18,840 --> 01:05:23,120 But no, I think private businessmen should stay away 1108 01:05:23,120 --> 01:05:25,560 from politics and vice versa. Right? 1109 01:05:25,560 --> 01:05:27,640 Like so. We'll see. 1110 01:05:27,640 --> 01:05:31,360 We'll see where it all goes. But the US debt is 1111 01:05:31,360 --> 01:05:34,000 unsustainable. It will never be changed from 1112 01:05:34,000 --> 01:05:36,600 within. Eventually the system collapses 1113 01:05:36,840 --> 01:05:40,680 and we'll see what happens next. Hopefully we are in a good 1114 01:05:40,680 --> 01:05:42,000 position to build something better. 1115 01:05:42,520 --> 01:05:45,880 Some of us are. Yeah, and they're even saying 1116 01:05:45,880 --> 01:05:48,520 this, by the way, this isn't just speculation from, you know, 1117 01:05:48,520 --> 01:05:50,040 a bunch of bitcoiners on the Internet. 1118 01:05:50,040 --> 01:05:52,760 Like you have Jerome Powell, you have the chairman of the Federal 1119 01:05:52,760 --> 01:05:56,480 Reserve saying this himself. Like he is literally verbatim 1120 01:05:56,480 --> 01:06:01,640 saying that, you know, the United States fiscal, you know, 1121 01:06:02,440 --> 01:06:05,760 trajectory is completely unsustainable, right? 1122 01:06:05,800 --> 01:06:09,320 You know, I agree with Lenald and nothing stops this train. 1123 01:06:09,560 --> 01:06:13,000 Larry Leopard makes the case in the his new book, The Big Print. 1124 01:06:13,200 --> 01:06:16,200 Like, yes, they, they, they, they're going to have no choice 1125 01:06:16,200 --> 01:06:18,640 but to try to print themselves out of this. 1126 01:06:19,440 --> 01:06:22,440 But eventually there's only so much you can print, right? 1127 01:06:23,440 --> 01:06:26,760 You know, So of course Bitcoin is the solution to this. 1128 01:06:27,200 --> 01:06:29,840 I don't think it's the solution the way that you guys are used 1129 01:06:29,840 --> 01:06:34,120 to seeing politics where it's kind of like this vote left or 1130 01:06:34,120 --> 01:06:37,560 vote right and vote for Republican or vote Democratic 1131 01:06:37,560 --> 01:06:40,560 and you know, and you kind of just go along with, you know, 1132 01:06:40,720 --> 01:06:43,360 the person. Bitcoin is a revolution of the 1133 01:06:43,360 --> 01:06:45,880 individual, right? It's, it's something that you 1134 01:06:45,880 --> 01:06:49,200 can do as an individual to opt out of political money entirely, 1135 01:06:49,480 --> 01:06:53,840 therefore improving your life, maybe not immediately, but as 1136 01:06:53,840 --> 01:06:56,600 time goes by, just because you're using a better unit of 1137 01:06:56,600 --> 01:06:59,640 account to live your life by. Anyways, Opti, you want to chime 1138 01:06:59,640 --> 01:07:02,120 in a little bit here before we move on to the next segment. 1139 01:07:02,320 --> 01:07:05,400 Yeah, I'll be quick. Just, you know, complete 1140 01:07:05,400 --> 01:07:08,360 vindication on my part. Nico, I, you know, I was hopeful 1141 01:07:08,360 --> 01:07:10,160 when we first recovering this stuff. 1142 01:07:10,160 --> 01:07:14,200 But as you guys are saying, we knew this was going to fail at 1143 01:07:14,200 --> 01:07:16,560 some point. And I think, you know, much 1144 01:07:16,640 --> 01:07:20,000 bowed out before it was very public, very public failure. 1145 01:07:20,440 --> 01:07:23,800 Even like Ton was saying all the stuff that he was trying to cut, 1146 01:07:24,040 --> 01:07:27,320 it would hardly put a dent into the national debt. 1147 01:07:27,680 --> 01:07:30,600 And like we we knew this was going to happen. 1148 01:07:30,600 --> 01:07:35,280 But you know, as Beauty on said, if he actually understood 1149 01:07:35,280 --> 01:07:37,920 Bitcoin and really went, you know, the full fix the money fix 1150 01:07:37,920 --> 01:07:41,200 the world meme, then maybe his efforts would have produced some 1151 01:07:41,200 --> 01:07:44,440 more fruit here, though there is something that must said that I 1152 01:07:44,440 --> 01:07:46,680 do kind of agree. And I have been saying it on the 1153 01:07:46,680 --> 01:07:49,360 show for a while. And I know we've been kind of 1154 01:07:49,360 --> 01:07:52,240 going we're going a little hard on like you are the content 1155 01:07:52,240 --> 01:07:55,000 creators now, you are the media now, but must said it. 1156 01:07:55,000 --> 01:07:58,120 And I've been saying this for a while, like I think a lot of us 1157 01:07:58,120 --> 01:08:00,320 are still underestimating how much power the corporate press 1158 01:08:00,320 --> 01:08:02,480 has. And they still have a a very 1159 01:08:02,480 --> 01:08:05,280 strong grasp on the public mind share right now. 1160 01:08:05,280 --> 01:08:07,840 So, you know, this is just the beginning of the battle. 1161 01:08:07,840 --> 01:08:10,760 They like we haven't won anything and as much kind of 1162 01:08:10,760 --> 01:08:13,080 realized himself. It's like the corporate 1163 01:08:13,080 --> 01:08:15,880 brainwashing, the corporate press that we are up against 1164 01:08:15,880 --> 01:08:18,279 still controls the narrative here. 1165 01:08:18,279 --> 01:08:20,439 So, like, there's still a lot of work to be done. 1166 01:08:20,439 --> 01:08:22,160 And, you know, Musk, Musk admitted it. 1167 01:08:22,160 --> 01:08:24,120 He's like, I didn't realize how powerful it was. 1168 01:08:24,279 --> 01:08:25,760 And I've been saying this on the show for a while. 1169 01:08:25,760 --> 01:08:30,160 Like, yeah, it looks like they, you know, lost the battle here, 1170 01:08:30,399 --> 01:08:34,240 but they still technically controlled the the culture here. 1171 01:08:34,240 --> 01:08:35,800 And so there's still a lot of work to be done. 1172 01:08:36,200 --> 01:08:39,439 Absolutely 100% and hopefully as Bitcoiners, we continue to move 1173 01:08:39,439 --> 01:08:43,520 that Overton window and we really wake up people to the 1174 01:08:43,520 --> 01:08:46,920 reality that it's not left versus right, it's not red 1175 01:08:46,920 --> 01:08:50,160 versus blue. It's really just, you know, are 1176 01:08:50,160 --> 01:08:52,399 you pro Bitcoin? Are you pro Fiat? 1177 01:08:52,399 --> 01:08:54,319 Like it really comes down to that. 1178 01:08:54,319 --> 01:08:57,439 And I don't see why you would want to be pro if you're the 1179 01:08:57,439 --> 01:09:00,439 99%. Like if you're just living your 1180 01:09:00,439 --> 01:09:02,800 life and you're trying to get by and you're trying to pay your 1181 01:09:02,800 --> 01:09:05,399 mortgage and you're trying to pay your rent and you're trying 1182 01:09:05,399 --> 01:09:09,640 to like save for the future, like you know, you most likely 1183 01:09:09,640 --> 01:09:13,640 are on team pro Bitcoin, right? Whether you realize it or not, 1184 01:09:13,640 --> 01:09:16,479 right, Bitcoin will be more more beneficial to your life than 1185 01:09:16,479 --> 01:09:19,160 Fiat. I would say Fiat is. 1186 01:09:19,800 --> 01:09:21,080 I don't even want to go down that road. 1187 01:09:21,080 --> 01:09:25,000 But anyways, guys, I do want to cover this as we continue to try 1188 01:09:25,000 --> 01:09:27,600 to move the Overton window wake a lot of you guys up. 1189 01:09:28,240 --> 01:09:32,080 Unlike a lot of political shows, as a Bitcoin show, we actually 1190 01:09:32,080 --> 01:09:34,920 provide a solution to this. The political shows, they 1191 01:09:34,920 --> 01:09:37,800 provide the solution of voting. Nothing really changes. 1192 01:09:37,800 --> 01:09:41,160 Regardless of what parties in power, they continue to deficit 1193 01:09:41,160 --> 01:09:43,160 spend. You know, one party lowers a 1194 01:09:43,160 --> 01:09:45,920 little bit, let the one party lowers your taxes a little bit, 1195 01:09:45,920 --> 01:09:47,720 one party raises your taxes a little bit. 1196 01:09:47,960 --> 01:09:51,120 But overall, the general movement of the country stays in 1197 01:09:51,120 --> 01:09:54,160 the same direction. And if you're a zoomer, you're a 1198 01:09:54,160 --> 01:09:57,400 millennial, you know, you're you're you're probably worse off 1199 01:09:57,400 --> 01:09:59,120 than your parents, right? That's not fair. 1200 01:09:59,120 --> 01:10:01,280 That's not cool, right? So we're at least trying to 1201 01:10:01,280 --> 01:10:04,480 provide a solution present to you guys is a solution. 1202 01:10:04,640 --> 01:10:07,360 That doesn't mean that it's a, you know, that it's a switch and 1203 01:10:07,360 --> 01:10:09,480 then it's automatically going to make your life immediately 1204 01:10:09,480 --> 01:10:11,160 better. You have to put in the work. 1205 01:10:11,160 --> 01:10:12,640 You have to, you know, make money. 1206 01:10:12,640 --> 01:10:14,920 You have to save that money. You have to be disciplined. 1207 01:10:15,800 --> 01:10:19,560 But still, at least there's light at the end of the tunnel. 1208 01:10:19,680 --> 01:10:21,760 Anyways, guys, we're going to get to the culture segment. 1209 01:10:21,800 --> 01:10:24,040 Do you want to give a shout out to the live stream on the verge 1210 01:10:24,040 --> 01:10:28,240 of breaking 3000 live viewers between X and YouTube. 1211 01:10:28,240 --> 01:10:31,360 Smash that like button. Shout out to the rumble stream 1212 01:10:31,360 --> 01:10:32,600 as well. Going hard. 1213 01:10:32,920 --> 01:10:35,160 If you guys are enjoying the show, smash that like button. 1214 01:10:35,160 --> 01:10:39,760 We're already at 324 likes. Help us break 400 likes by the 1215 01:10:39,760 --> 01:10:42,480 time the show ends. I know it's that's very I know 1216 01:10:42,480 --> 01:10:44,760 it's a big reach, but I'm just going to put it out there into 1217 01:10:44,760 --> 01:10:46,920 the ether anyways, guys, we're going to hit the culture 1218 01:10:46,920 --> 01:10:48,480 segment. We're going to be right back in 1219 01:10:48,480 --> 01:10:50,560 just a segment. Second, we're going to talk to 1220 01:10:50,760 --> 01:10:54,800 the legendary one and only Tone Bay's unconfiscatable in the 1221 01:10:54,800 --> 01:10:56,120 house. We will be right back. 1222 01:10:57,680 --> 01:11:00,560 I want to give a shout out to our partner Hive Digital 1223 01:11:00,560 --> 01:11:03,200 Technology. Why Hive in 2025? 1224 01:11:03,400 --> 01:11:07,480 Unstoppable growth as the first ever public miner. 1225 01:11:07,640 --> 01:11:11,520 Hive's position to quadruple their global footprint, making 1226 01:11:11,520 --> 01:11:14,960 them one of the world's fastest growing miners in 2025. 1227 01:11:15,240 --> 01:11:18,960 And with elite operations that consistently topped the industry 1228 01:11:19,080 --> 01:11:22,800 in Bitcoin mine, per Exahash. Hive's now headquartered in the 1229 01:11:22,800 --> 01:11:24,720 USA. They're lean and mean. 1230 01:11:24,880 --> 01:11:28,320 They're green and clean, and they're rewriting the playbook 1231 01:11:28,360 --> 01:11:32,760 on sustainable Bitcoin mining. You can catch the latest buzz at 1232 01:11:32,760 --> 01:11:36,840 Hive Digital Tech or at Hive digitaltech.com. 1233 01:11:42,400 --> 01:11:45,080 You need liquidity without having to sell your Bitcoin. 1234 01:11:45,160 --> 01:11:48,160 For more than six years now, Leaden has been the trusted 1235 01:11:48,160 --> 01:11:52,560 choice for Bitcoin back lending with transparency, security and 1236 01:11:52,560 --> 01:11:55,800 trust at their core. I absolutely love these guys and 1237 01:11:55,800 --> 01:11:58,520 I personally not only have an account with them, but also 1238 01:11:58,520 --> 01:12:00,360 alone. And some of the key features 1239 01:12:00,360 --> 01:12:03,000 that I love about Leaden is the fact that there are no monthly 1240 01:12:03,000 --> 01:12:05,680 payments. You pay at the end of the term. 1241 01:12:05,760 --> 01:12:09,080 You also have the ability to roll over the loan as well, and 1242 01:12:09,080 --> 01:12:11,680 you can pay it back whenever you want. 1243 01:12:11,840 --> 01:12:14,040 Essentially, what they do is that they help their clients 1244 01:12:14,080 --> 01:12:17,800 unlock the liquidity of their BTC, allowing you to huddle 1245 01:12:17,960 --> 01:12:20,880 while still accessing the wealth of your Bitcoin. 1246 01:12:21,040 --> 01:12:24,360 They've been battle tested with their focus on transparency, 1247 01:12:24,440 --> 01:12:28,400 security, and trust, allowing them to build a proven track 1248 01:12:28,400 --> 01:12:32,360 record of client success and security, helping 10s of 1249 01:12:32,360 --> 01:12:36,080 thousands of clients harness the value of their digital assets 1250 01:12:36,200 --> 01:12:38,040 with confidence and Peace of Mind. 1251 01:12:38,280 --> 01:12:43,040 Learn more about what your BTC can do for you today Simply 1252 01:12:43,040 --> 01:12:47,760 Bitcoin viewers get .25% off their first loan by using the 1253 01:12:47,760 --> 01:12:50,280 link in the video slash podcast description. 1254 01:12:50,480 --> 01:12:53,680 What are you waiting for? Head over to leaden dot IO 1255 01:12:53,680 --> 01:12:59,920 today. All right everybody, we are back 1256 01:13:00,040 --> 01:13:04,440 here with the one, the only legendary tone vase who has 1257 01:13:04,440 --> 01:13:07,720 stepped he stepped away a little bit like all Bitcoiners 1258 01:13:07,720 --> 01:13:11,680 eventually do you know, they come on to the scene very strong 1259 01:13:12,040 --> 01:13:16,040 and then eventually, you know it's you you ride into the 1260 01:13:16,040 --> 01:13:17,280 sunset, something you know then we. 1261 01:13:17,400 --> 01:13:20,600 Ride into the. Sunset, I think the next cycle, 1262 01:13:20,600 --> 01:13:24,880 bro, we're going to pull up Butch Cassidy just, you know, on 1263 01:13:24,880 --> 01:13:27,040 a horseback. We'll we'll record it and 1264 01:13:27,040 --> 01:13:30,440 everything with the studio. But no, the reason I'm saying 1265 01:13:30,440 --> 01:13:34,000 this is tone started this all tone was for anyone who's new to 1266 01:13:34,000 --> 01:13:38,240 Bitcoin, anyone who's new to simply tone was essentially 1267 01:13:38,320 --> 01:13:41,680 streaming about Bitcoin content when no one was streaming about 1268 01:13:41,680 --> 01:13:46,760 Bitcoin content, right? Back in that era, there was no 1269 01:13:46,760 --> 01:13:48,720 podcast. There was no, there was nothing 1270 01:13:48,720 --> 01:13:50,720 there. Bitcoin and crypto were very 1271 01:13:50,720 --> 01:13:53,920 conflated, right? So there weren't just Bitcoin 1272 01:13:53,920 --> 01:13:56,280 only content creators like creating content. 1273 01:13:57,040 --> 01:13:58,960 It was just kind of conflated, right? 1274 01:13:59,480 --> 01:14:02,840 And of course, the tone vase channel, you know, essentially, 1275 01:14:03,000 --> 01:14:05,800 you know, really was the vanguard of this, right? 1276 01:14:05,800 --> 01:14:08,800 Talking about just Bitcoin, talking about the benefits of 1277 01:14:08,800 --> 01:14:13,840 Bitcoin and yeah, man, like you really, you really, you know, 1278 01:14:13,840 --> 01:14:16,440 we're we're as simply Bitcoin, we're standing on the shoulders 1279 01:14:16,440 --> 01:14:19,280 of giants, right? You guys are seeing like Bitcoin 1280 01:14:19,280 --> 01:14:22,680 media and it's like third iteration, you know, and it 1281 01:14:22,680 --> 01:14:25,760 continued the production value increases and the bells and the 1282 01:14:25,760 --> 01:14:28,600 whistles and the whatever. But you guys don't remember in 1283 01:14:28,600 --> 01:14:33,160 the very early days, you know, you'd only see Andreas, you 1284 01:14:33,160 --> 01:14:36,960 know, some Max and Stacey videos from RT and Tone vase. 1285 01:14:36,960 --> 01:14:38,800 That's it. Nothing else existed. 1286 01:14:38,800 --> 01:14:41,760 This is what you guys have to understand back in the day in 1287 01:14:41,760 --> 01:14:45,400 the early days of of Bitcoin. So we're very, very honored to 1288 01:14:45,400 --> 01:14:48,520 have this legend joining us on the show today. 1289 01:14:49,320 --> 01:14:53,880 And of course, his event is coming up next week in Las 1290 01:14:53,880 --> 01:14:57,600 Vegas, NV Unconfiscatable, which happens to be one of my favorite 1291 01:14:57,600 --> 01:14:59,480 Bitcoin conferences. I've been going every single. 1292 01:14:59,560 --> 01:15:02,760 In fact, I got married at the last one, all right. 1293 01:15:03,080 --> 01:15:05,440 I got married at the last unconfiscated. 1294 01:15:05,440 --> 01:15:08,960 Almost the this was the this the trophy when I won the poker 1295 01:15:08,960 --> 01:15:11,760 tournament. But yeah, we don't do the trophy 1296 01:15:11,760 --> 01:15:15,440 anymore. So, yeah, man, and it Tone is 1297 01:15:15,440 --> 01:15:19,880 legendary and that you know, he, he's been throwing these, these 1298 01:15:19,880 --> 01:15:23,720 conferences, you know, for, for, for a long time now. 1299 01:15:23,720 --> 01:15:26,320 It's evolved. Now he's just focusing on what 1300 01:15:26,320 --> 01:15:29,080 he loves. Tone loves poker, if you don't 1301 01:15:29,080 --> 01:15:31,800 know. So Tone, first of all, dude, 1302 01:15:31,800 --> 01:15:33,600 thank you so much for joining us today. 1303 01:15:33,840 --> 01:15:37,600 It's an absolute honor, brother. Absolute legends in the house. 1304 01:15:38,280 --> 01:15:41,400 Yeah, Elains in saying unconfiscated was first Bitcoin 1305 01:15:41,400 --> 01:15:43,800 conference. I was a little bit sad when you 1306 01:15:43,800 --> 01:15:45,760 told me you were going to pivot a little bit. 1307 01:15:46,560 --> 01:15:48,400 But dude, thank you so much for joining us, bro. 1308 01:15:49,840 --> 01:15:52,280 Yeah, no, I mean, look on Confiscatable will still remain 1309 01:15:52,280 --> 01:15:54,800 in one way or another. There's a couple other ways we 1310 01:15:54,800 --> 01:15:57,360 can go. It is a free event this year. 1311 01:15:57,360 --> 01:15:59,760 Just show up. There's no sign up, there's no 1312 01:15:59,760 --> 01:16:03,640 registration. The venue holds like 400 people. 1313 01:16:03,640 --> 01:16:07,920 So hopefully we fill out the venue information on the website 1314 01:16:07,920 --> 01:16:11,240 on confiscatable.com. Poker tournament is sold out 1315 01:16:11,240 --> 01:16:14,320 with 50 players but come hang out with us for the day and 1316 01:16:14,320 --> 01:16:17,080 there is Midget wrestling at the end of the night as well. 1317 01:16:17,280 --> 01:16:19,960 At menu they're they're going. To miss Midget wrestling, man, 1318 01:16:19,960 --> 01:16:23,280 don't there. There is small people that are. 1319 01:16:26,600 --> 01:16:31,320 No, that's what they. Call it, we're being very 1320 01:16:31,320 --> 01:16:36,760 friendly here. So anyways, but yeah, I, I, I 1321 01:16:36,760 --> 01:16:40,200 got a tone based tequila limited edition 2 out of 21. 1322 01:16:40,200 --> 01:16:43,320 I think the agreement was that we're going to open this at 1323 01:16:43,480 --> 01:16:45,400 hundred. Oh, there it is. 1324 01:16:45,760 --> 01:16:47,520 It's a different one. I have that one as well. 1325 01:16:48,200 --> 01:16:50,400 I think the agreement was that we're going to open this at 1326 01:16:50,400 --> 01:16:51,960 what? What price? 1327 01:16:52,080 --> 01:16:53,520 Why? Why does it have that? 1328 01:16:53,520 --> 01:16:55,280 The brown stuff tone, What is that? 1329 01:16:55,280 --> 01:16:58,440 You know, this was the very first bottle that Bare Woods 1330 01:16:58,440 --> 01:17:01,240 made. We've gone, it's a company, one 1331 01:17:01,240 --> 01:17:09,480 of my investments, we've got a long way into making the the the 1332 01:17:09,480 --> 01:17:12,120 bottles better so that it doesn't do this anymore. 1333 01:17:12,640 --> 01:17:16,080 This is, this was why this company has still has been in 1334 01:17:16,080 --> 01:17:19,320 research and development for like the last year and it's not 1335 01:17:19,320 --> 01:17:24,360 in any of the stores yet. That's because we needed time to 1336 01:17:24,360 --> 01:17:28,080 perfect the bottle cap so that that doesn't happen. 1337 01:17:28,520 --> 01:17:29,880 Gotcha, gotcha. Yeah, I was. 1338 01:17:29,880 --> 01:17:33,960 I was worried when I saw this because I was like, oh man, once 1339 01:17:33,960 --> 01:17:36,560 Tone comes over and he sees this, he's going to be upset. 1340 01:17:36,560 --> 01:17:38,200 He's going to think I ruined the bottle. 1341 01:17:38,360 --> 01:17:40,360 But then I was not having the same problem. 1342 01:17:40,360 --> 01:17:44,280 Man, it's it's rough but but that doesn't happen anymore with 1343 01:17:44,280 --> 01:17:46,120 our new bottles. That's awesome. 1344 01:17:46,120 --> 01:17:47,400 Awesome. Yeah, man. 1345 01:17:47,400 --> 01:17:49,560 So I'm excited. It's going to be a free event. 1346 01:17:49,560 --> 01:17:53,680 It's going to be a a Bitcoin celebration May 30th. 1347 01:17:53,680 --> 01:17:57,520 So that's coming up Thursday of next week in Las Vegas. 1348 01:17:57,520 --> 01:18:00,440 Again, if you're, if you're going to the Bitcoin conference, 1349 01:18:00,880 --> 01:18:03,840 go to unconfiscated, the unconfiscatable event, it's 1350 01:18:03,840 --> 01:18:05,880 going to be a poker tournament. They're going to have other 1351 01:18:05,880 --> 01:18:07,680 things that are happening as well. 1352 01:18:08,880 --> 01:18:12,040 Opti, I mean, are you going to be in town for the 30th? 1353 01:18:12,120 --> 01:18:14,720 My Unfortunately my flight leaves on the 30th. 1354 01:18:15,040 --> 01:18:18,360 I have literally no clue I I don't remember what my flight 1355 01:18:18,360 --> 01:18:22,560 out date is so not sure. Well guys, you, you definitely 1356 01:18:22,560 --> 01:18:25,040 got to go Tone. Where can we point people to so 1357 01:18:25,040 --> 01:18:27,200 they can find out more information about the event? 1358 01:18:27,880 --> 01:18:29,960 No, just the website. You can Google the word 1359 01:18:30,000 --> 01:18:33,160 unconfiscatable. It's a word I pretty much 1360 01:18:33,200 --> 01:18:40,480 invented probably back in 2014. Fifteen, pretty much 10 years 1361 01:18:40,480 --> 01:18:44,280 ago. Wow, so about 10 years ago I was 1362 01:18:44,280 --> 01:18:47,360 the one that started saying the word unconfiscatable as bitcoins 1363 01:18:47,360 --> 01:18:51,720 most important property and eventually turned into a brand. 1364 01:18:52,640 --> 01:18:56,520 Amazing and it's a great brand. It's a great it's a great brand, 1365 01:18:56,800 --> 01:18:59,840 great name, self-explanatory. It's one word. 1366 01:19:00,200 --> 01:19:04,160 Every time I try to text it though, like the auto correct on 1367 01:19:04,160 --> 01:19:08,680 my phone tries to like it it it changes unconfiscatable to 1368 01:19:08,680 --> 01:19:12,120 confiscatable. It's very very very symbolic, I 1369 01:19:12,120 --> 01:19:15,080 guess. Anyways, tone. 1370 01:19:15,080 --> 01:19:18,320 Do you have any, anything that's on your radar that you've been 1371 01:19:18,320 --> 01:19:20,600 doing these days? I know that you just had a 1372 01:19:20,600 --> 01:19:22,480 financial summit in the Maldives. 1373 01:19:22,480 --> 01:19:23,520 Unfortunately, I couldn't make it. 1374 01:19:23,520 --> 01:19:26,760 I was kind of bummed out. I was absolutely beautiful. 1375 01:19:27,080 --> 01:19:30,560 The, the these, these financial summits that you do anything 1376 01:19:30,560 --> 01:19:33,960 that you've been working on lately that you want to bring up 1377 01:19:33,960 --> 01:19:37,520 to the audience. You know, there's one project 1378 01:19:37,520 --> 01:19:40,640 that is piquing my interest, which is where I will be 1379 01:19:40,640 --> 01:19:44,600 spending most of my time in the near future as I wind down my 1380 01:19:44,600 --> 01:19:48,280 event business. I I am doing a lot less public 1381 01:19:48,280 --> 01:19:51,200 speaking. I'm doing a lot less social 1382 01:19:51,200 --> 01:19:54,840 media stuff like YouTube. I barely ever tweet. 1383 01:19:55,800 --> 01:19:58,520 I just, I found a very interesting project down in 1384 01:19:58,520 --> 01:20:02,200 Latin America. It's a building of a new private 1385 01:20:02,200 --> 01:20:07,160 city called Prospera in Roatan, Honduras. 1386 01:20:07,480 --> 01:20:09,400 I have now been there about four times. 1387 01:20:09,400 --> 01:20:12,320 I have done multiple videos with the founders of the city. 1388 01:20:13,000 --> 01:20:16,320 I think it's the most innovative project or the most important 1389 01:20:16,320 --> 01:20:20,520 project in the world after Bitcoin, and it's not a Bitcoin 1390 01:20:20,520 --> 01:20:24,880 project. It's a way to build a city where 1391 01:20:24,880 --> 01:20:26,880 people like us would want to live in. 1392 01:20:27,360 --> 01:20:31,800 And I want to take a bigger step towards that project and try to 1393 01:20:31,800 --> 01:20:37,520 help them out just like I, I, I'm kind of proud of what I've 1394 01:20:37,520 --> 01:20:42,640 done in the, in the Bitcoin world 10 years ago, back when it 1395 01:20:42,640 --> 01:20:46,880 needed content creators. And now I think this is the next 1396 01:20:46,880 --> 01:20:50,880 project that I'm going to dedicate some time to, and 1397 01:20:50,880 --> 01:20:52,840 hopefully make this project better as well. 1398 01:20:53,440 --> 01:20:56,080 Incredible, Prospera. And I believe that's in 1399 01:20:56,320 --> 01:20:59,360 Honduras, right? In Honduras, Yeah, it's the 1400 01:20:59,360 --> 01:21:03,320 island of Roatan. If, if no one knows what 1401 01:21:03,320 --> 01:21:05,240 Prospera is, definitely Google it. 1402 01:21:05,240 --> 01:21:08,560 Look it up. This city declared Bitcoin as 1403 01:21:08,560 --> 01:21:10,520 legal tender before El Salvador did. 1404 01:21:10,520 --> 01:21:12,400 It's just that most people had no idea. 1405 01:21:13,280 --> 01:21:16,360 But eventually everyone will know the name Prospera. 1406 01:21:17,120 --> 01:21:20,680 Well, I mean Prospera and and I think it means prosper right, if 1407 01:21:20,680 --> 01:21:23,880 you do the translation right. So a very fitting, like El 1408 01:21:23,880 --> 01:21:26,960 Salvador, very fitting country, you know, the savior of the 1409 01:21:26,960 --> 01:21:30,200 first country to make Bitcoin legal tender and then the first 1410 01:21:30,200 --> 01:21:32,040 free city. I think that's what tone was 1411 01:21:32,040 --> 01:21:35,200 getting at. You know, his name is the 1412 01:21:35,240 --> 01:21:37,280 English translation is prosper right? 1413 01:21:38,080 --> 01:21:40,920 I think one of the last things that I'll say to you guys on 1414 01:21:40,920 --> 01:21:44,480 today's show, just a little bit of the theme is Bitcoin is a, 1415 01:21:44,720 --> 01:21:48,920 it's a, it's a paradigm shift in human society and human 1416 01:21:48,920 --> 01:21:54,320 civilization, especially if you're a Bitcoiner who you know, 1417 01:21:54,600 --> 01:21:57,440 has sovereignty because you have your Bitcoin in self custody, 1418 01:21:57,960 --> 01:22:00,600 that gives you a tremendous amount of freedom as an 1419 01:22:00,600 --> 01:22:04,560 individual, right? And you know, that at least the 1420 01:22:04,560 --> 01:22:08,280 thesis from the book the Sovereign Individual is 1421 01:22:08,280 --> 01:22:10,680 essentially that they, they, they make the case that over 1422 01:22:10,680 --> 01:22:15,840 time, you know, politics starts to become irrelevant as more and 1423 01:22:15,840 --> 01:22:18,640 more people opt out of political money, Right. 1424 01:22:19,560 --> 01:22:22,680 And, you know, I think as Bitcoiners, that's the world we 1425 01:22:22,680 --> 01:22:25,640 want to live in. Maybe maybe it's a kind of 1426 01:22:25,640 --> 01:22:29,800 Bitcoin utopian vision that perhaps doesn't take human 1427 01:22:29,800 --> 01:22:32,600 nature into account. But I think as Bitcoiners, we 1428 01:22:32,600 --> 01:22:35,880 all, you know, we all, we all value that freedom tremendously. 1429 01:22:36,960 --> 01:22:40,440 And, and having Bitcoin in self custody comes into that. 1430 01:22:40,440 --> 01:22:44,360 So I'm very excited you know, Opti's putting it Long live the 1431 01:22:44,360 --> 01:22:46,520 Citadel's. I'd say Prospera definitely fits 1432 01:22:46,520 --> 01:22:49,480 into that category. Definitely keep an eye out for 1433 01:22:49,480 --> 01:22:51,080 Prospera. Definitely keep an eye out for 1434 01:22:51,080 --> 01:22:55,640 tone vase and I do again want to give shout out to tone again. 1435 01:22:56,440 --> 01:22:59,200 Really starting, starting it all, man, starting all this, 1436 01:22:59,360 --> 01:23:03,520 this Bitcoin content creation before it was even popular, 1437 01:23:03,560 --> 01:23:05,440 right. Someone, someone in the chat 1438 01:23:05,640 --> 01:23:09,760 basically thanking Tone for, you know, walking him through 1439 01:23:09,840 --> 01:23:12,760 essentially the fork wars, which were a very tumultuous time 1440 01:23:13,040 --> 01:23:14,680 during Bitcoin, Bitcoin's history. 1441 01:23:14,680 --> 01:23:17,120 I think it was like 2017 era, right? 1442 01:23:18,200 --> 01:23:21,000 So yeah, man, Tone, thank you so much for joining us today. 1443 01:23:21,000 --> 01:23:24,960 I think me and Opti are going to pull a a Butch Cassidy maybe. 1444 01:23:24,960 --> 01:23:28,320 Maybe not this epoch, but maybe in an epoch or so, and pull a 1445 01:23:28,320 --> 01:23:29,760 tone and. Start now. 1446 01:23:29,760 --> 01:23:31,800 We're going to replace ourselves with Zoomers. 1447 01:23:35,840 --> 01:23:39,160 So, but anyways, I do want to thank everyone for for tuning in 1448 01:23:39,400 --> 01:23:42,680 before, before we wrap up today's show, I do want to give 1449 01:23:42,680 --> 01:23:45,760 a shout out to our conference sponsor, which is currently 1450 01:23:46,000 --> 01:23:48,320 Bitcoin 2025. It's coming up guys. 1451 01:23:48,320 --> 01:23:53,080 Next week, May 27th to the 29th in Las Vegas, NV. 1452 01:23:53,440 --> 01:23:56,920 We have a sitting vice president who is going to be making a 1453 01:23:56,920 --> 01:23:59,440 keynote speech. We've of course the legendary 1454 01:23:59,440 --> 01:24:03,880 freedom fighter Ross Olbrich, who was freed by executive order 1455 01:24:03,880 --> 01:24:06,760 by President Donald Trump. Of course we have the Bitcoin 1456 01:24:06,760 --> 01:24:11,000 senator, Senator Cynthia Lummus, we have Jack Mahler's, we have 1457 01:24:11,120 --> 01:24:16,040 the White House so-called crypto and AI czar Mr. David Sacks, and 1458 01:24:16,040 --> 01:24:19,480 of course we have Michael Saylor, David Bailey and the two 1459 01:24:19,480 --> 01:24:21,760 Trump sons as well. So guys, you definitely don't 1460 01:24:21,760 --> 01:24:23,320 want to miss and many, many other speakers. 1461 01:24:23,320 --> 01:24:24,160 Opti and I are going to be there. 1462 01:24:24,160 --> 01:24:25,840 We're going to have a booth. It's going to be a great time. 1463 01:24:25,840 --> 01:24:29,320 Definitely don't want to miss Bitcoin 2025 Las Vegas NV. 1464 01:24:29,520 --> 01:24:32,240 Scan the QR code on your screen again. 1465 01:24:32,240 --> 01:24:37,360 It's May 27th through the 29th Las Vegas, NV next next week, 1466 01:24:37,760 --> 01:24:41,440 use promo code simply to get 10% off your tickets. 1467 01:24:41,720 --> 01:24:43,120 All right everybody, love you all. 1468 01:24:43,120 --> 01:24:46,280 We'll see you guys on the next show of Simply Bitcoin Live. 1469 01:24:47,200 --> 01:24:50,560 Today's episode was brought to you by bitcoinwell.com, a 1470 01:24:50,560 --> 01:24:53,720 Bitcoin only platform on a mission to enable financial 1471 01:24:53,720 --> 01:24:54,520 independence.