Yeah. Most people think the bear
market just started, but the world's largest exchange,
Coinbase, quietly dropped a new bombshell report that suggests
Bitcoin is about to surprise everyone.
And it's not just this new. Report making bullish
suggestions. Bitcoin closed above a very
important level yesterday. Before we get to all of that,
let's not forget Coinbase serves some of the largest sovereign
wealth funds and institutions in the world, and they probably
know more about what's going on behind the scenes than most.
And This is why they. Said a while back.
Let's check out the clip. Well, if you're, if we're
talking about an end, you know, sovereign wealth fund or pension
fund and we, we have conversations going with, with
many of these, the fastest any of these entities can move is
generally two quarters, right? There's all these processes that
exist. So generally speaking, if you're
going to do something, you have to propose to do it, right?
And that has to be approved generally by the investment
committee. Most large plans have an
investment committee every quarter, right?
So there you go. And if you're going to propose
to do something, often times you're going to propose that you
want to do something and then you have to propose to then to
your point, think about execution, which there is really
a search. So you have to propose the
allocation, you get approved for it.
And then you got to go search for the manager or the OR the OR
their fund or the direct access platform, right?
So best case scenario for somebody, and we know a couple
of these plans, the best case scenario is literally two
quarters in most cases. So we wrote a piece couple years
ago saying where are where are all the institutions?
Well, they're now here, but not everywhere.
And even those that want to move, it's going to take some
time. I think we're going to see, you
know, we're going to come back from summer vacation and I think
in September. After I get back from Saint
Sebastian. San Sebastian and and and then
you're, you're working in Italy, I think.
Yeah. Yeah.
But I, I think we're going to see some big headlines in Q3
which will wake, wake up the market and say, OK, well, it's
not for everybody, but for this subset of investors, maybe it
should be in your benchmark, right.
And and that sort of endorsement value we haven't actually really
seen, right? So that's absolutely massive,
ladies and gentlemen, right. And now while everyone is
thinking, you know, and it could be true, right, the four year
cycle could hold up until it's not.
Nobody knows until the cycle actually breaks.
That's when you know, the, the, the concept of a four year
cycle, it's intact until it's not.
And the fact is, as we, we still have, you know, about a month
and a half left in Q4 and Bitcoin could head into all time
highs and then we could be heading into a bear market in
2026. I think the thing that catches
everybody by surprise this time is the fact that we never
entered A euphoria phase in Bitcoin.
Also, what changes things is the fact that institutions,
sovereign wealth funds and also the administration in the United
States that the president, President Trump owns the 6th
largest Bitcoin treasury company.
Right. BlackRock, the most popular ETF
launch in history that they've ever had and the most profitable
ETF that they've ever had is the Bitcoin ETF, right?
So if you put all of those things together, the fact that
we've been consolidating at 100K for an entire year, with all of
those other things being true, is it too much of A stretch to
say that 2026 can continue? And the thing about markets is
that markets do the exact opposite of what the consensus
believes and what the consensus thinks.
And that would go against the consensus because the mainstream
consensus right now on Bitcoin X or Bitcoin Twitter is that, hey,
you know, the four year cycles, you know that they could, they
could be a thing. But if you take.
A look at the quantile model that you know some of the
bitcoiners have been developing. If I can find it here on my
screen, Bitcoin really isn't overheated in the grand scheme
of things. I mean, like it's it's really
not like take a look at this. I think this guy does fantastic
work. We've had him on the show
before. His name is Cena.
And then here's Stefan Lavera. Bitcoin OG's been in the space
for a while. Absolutely love his podcast,
good friend. And he says gives us a sense of
where things are. We didn't have a crazy euphoria.
So to me, it's pretty unlikely we're going bear cycle now,
despite the recent sentiment. And you got to ask yourself,
even though we're at 100K, even though we're at $100,000 right
now, what is the sentiment of the market?
It's bad, it's not good. People are not feeling bullish
about the price of Bitcoin right now.
In fact, if you take a look at retail interest, it's the lowest
it's ever been in a very long time.
Take out this tweet from Naria Nepal.
He says there's virtually 0 social social interest in crypto
and Bitcoin right now. I mean, this is the lowest it's
ever been since the bear market of 2018-2019.
So retail is not paying attention to Bitcoin, mainstream
is not paying attention to Bitcoin.
And we're consolidating above $100,000.
So to me, if you put two and two together and again, this is not
financial advice, but if you just lay out the facts, a
sovereign wealth funds are interested.
They're actively buying Bitcoin. The president's son confirmed
that the other day. You have the president of the
United States owns the 6th largest treasury company.
You have Michael Saylor buying all of the available supply.
So when these Bitcoin Ogs exhaust the selling, they run
out of coins to sell. Where do you think the price is
going to go? And again, that would go, that
would go against general market consensus because everyone and
their mother believed that Q4 was going to be extremely
bullish. And the exact opposite happened.
Bitcoin did something that no one expected, which is what
markets do because if everyone thought the same thing, it just
wouldn't make sense, right? There's winners and there's
losers and markets at the end of the day.
But anyhow, so take a look at this post from Cena says if you
consider the green corridor, we have been range bound since
2024, yet the uptrend is intact. Now I said in the very
beginning, we had a very key number to hit if we wanted to
stay above the 50, yeah, the 50 week moving average.
And last night we needed to close above hundred $404,900.
We did just that. In fact, we got all the way up
to $106,000 just right before the weekly close.
So the bullish market structure is still intact.
And I think this is what's catching everybody by surprise
is that they don't understand. And I would say that we are an
uncharted territory. Bitcoins never behave like this.
Bitcoins never acted like this. We're all, I would say, not all
of us, but the majority of people on Bitcoin Twitter kind
of scratching themselves saying, hey dude, when is the pump
coming? But if you actually take a look
at the market, it just looks like we're exactly where we need
to be. It's not really overheated.
It's not really that cheap. We're kind of right in the
middle, right? And it shows it right here in
the Bitcoin quantile model. We're right in the middle of
things, right? So let's see what happens.
But the fact that Coinbase, again, is talking about
sovereign wealth funds that are interested in Bitcoin, I think
is a very, very, very, very big deal.
So anyways, I'm going to pass it on to my beautiful wife who's
joining me today in the cohost seat.
Opti is currently traveling. We're going to be at Mining
Disrupt this week, so forgive us while things get shaken up a
little bit. But Sophie, what are you?
What are your thoughts on this? Because you've been experiencing
this with me this entire year. I think we both had expectations
for Bitcoin in Q4. You know of, of of 2025 with the
president getting elected, we were celebrating, remember the
beginning of the year, we were celebrating the inauguration,
Inauguration day. The price of Bitcoin is 109,000.
It was good times. Fast forward 11 months later and
the Bitcoin price is actually lower than than where it should
be, right? So what's what's?
Where? Where we.
Expected it to be. I think that when institutions
come into the picture, everything suddenly becomes a
little more bureaucratic, right? I think that it's taking its
time and it's not that this is the end of the bull run.
I just think it's what Samson Mao said recently that it's been
delayed and I think that a lot of important people have bought
into this at this point and they're not just going to let
Bitcoin crash. They're not going to let this
bull run go by the wayside. They are going to make sure, and
that's kind of what I got from this report, they are going to
make sure that the bull run is still in play.
And so it's, it's obviously not meeting our expectations in
terms of a timeline, but that just means that we have to wait
a little bit more. Father Time is patient and we
have to be as well. So it's just a matter of
figuring out what it is that these institutions really want
to do and what their intentions are, because at this point,
they're the ones with the massive amounts of capital and
it seems like they are in the driver's seat, not retail.
I I got a question for you. Do you think it's, it's over?
Do you let's do a wide shot. Do you think it's over?
Do you think the days of. Sorry guys, I'm pushing buttons.
Do you think the the the the days of of retail driven Bitcoin
cycles are behind us? I think in a in a way, yes,
because in a way I think that we're not going to get the
euphoria, but we're also not going to get these giant dips.
Remember that these institutions like stability, they like
everything to be, you know, controllable in the status quo.
That's not to say that Bitcoin is now going to be completely in
their hands. I think that, you know, retail
still owns the majority of Bitcoin.
Is that right? So it's, it's still, you know.
It is right. It is right?
So I so I don't think that it's going to necessarily be in the
hands or controlled by institutions or BlackRock or the
government, but it's definitely like they're the ones that have
like the majority of the capital.
So it's, it's going to be a lot more stable than we've seen in
previous cycles. And that might mean for the
Bitcoiner who's been holding since 2013, the end of cycles as
we know them. Yeah, I mean, I mean, let's see
though, because, you know, to me, what I'm, what I'm, what I'm
questioning what I'm thinking is, you know, like it it's at
the end of the day, it's it's human nature, right?
It's like cycles are human nature.
It's it's human psychology. And that we just saw this giant
parabola in the gold markets. Gold was trading sideways for
like 10 years and then it went parabolic to the point where
people were lining outside of whatever, wherever it is you go
and buy gold. I wouldn't know, but they were
like making lines to go buy gold while the price of gold was
going up. So again, I, I don't think you
can remove human psychology from markets, right?
Like like every, like every stock eventually, like, unless
the market cap is so big, but even stocks like Tesla, whose
market cap is huge, is extremely volatile, right?
So I, I just, I, I just don't see it.
I think that this year was a very particular, the year where
I think a lot of people had high expectations that Bitcoin was
going to do a certain thing. It didn't, which is exactly what
markets do. I think that there's been a, a
massive amount of cell pressure from individuals that are
cashing out. There's an incredible article
that was written the other day that was basically making the
case that Bitcoin is having its IPO moment where, you know, a
lot of these Ogs that were accumulating at, you know, $5 a
dollar, $100 per coin. They didn't have the liquidity
to cash out earlier on in the earlier cycles without
completely crashing the market and they're taking a little bit
off the top or, or they're just cashing out in general.
Like we saw that with Mike Novogratz and Galaxy where this
dude literally, you know, sold. It was, it was like a crazy
amount. It was like 80,000 Bitcoin
cashing out $9 billion, you know, and then the, the, the
official reason given was for, you know, estate planning,
right? I think that if you have a net
worth of $9 billion and it's all in Bitcoin and a self custodial
wallet, you know, I, I, I look, I'm a bitcoiner and I believe in
self custody. And you know, I, I, I, I'm, I'm
a total advocate for it. And I think I'll, I'll, no, I
will always have Bitcoin in self custody because it's the
ultimate freedom. But again, if you have $9
billion worth of assets, like even for your family's sake,
diversifying just a little bit, you know, perhaps into real
estate, perhaps into, you know, whatever floats your boat.
It's totally valid. It like, you know, maybe you do
want to take a look some chips off the top you've been huddling
at the end of the day like what are you huddling for?
You're huddling for number go up but eventually number goes up
and it's it's not like you're going to sell all your Bitcoin.
I'm never going to sell all my Bitcoin, but like eventually you
want to take a little bit off the top to to upgrade your
lifestyle or fund the business that you want to fund or invest
in the company that you want to invest in.
Eventually it reaches that point, right?
So for these O GS that have 10s of thousands of coins, I think
the point got there where they knew that there was enough
liquidity where they can sell all this Bitcoin into the
market. But I think the surprising part
to me is the fact that Bitcoin has held that 100K price target
extremely well. It's refused to go below
$100,000. And we've had some, we've had
some scares. I think it went to 9898, ninety,
9000, but it shot back up extremely quickly.
So yeah, I don't know. You've been living through this
with me this entire year. We've been talking about this,
bickering about it. So I want to get your thoughts
on that. So.
I wouldn't say that we were bickering about it.
I would say maybe. Maybe I was the one bickering.
I would say that we were, we were just worried because it
wasn't meeting our expectations. And it's totally valid for these
people to take money out. You know, the purpose of money
isn't for it to just sit there and be a number on a screen.
The purpose of money, aside from it hopefully holding its value,
which is what Bitcoin tries to to or is achieving it's to
actually enjoy it and to actually use it so that you can
enjoy it with like the things that it can afford you, right.
It's so that you can buy hopefully like that home or that
second home so that you can maybe in like your 60s, buy a
yacht, don't buy a yacht. It's like the worst idea ever,
but you know what I mean? Like you want to buy that thing
that you've always dreamed of and you want to enjoy it.
And and that's the, you know, purpose of money, especially
like later on in life or you want to give your kids an
education, you want to, you know, move to a different
country. There's a lot of reasons why
people might cash out. Obviously that amount you're
going to assume that they're trying to go for something a
little bit, you know, more luxurious in the billions, but.
And I can't. It kind of all depends though,
right? It kind of all depends, you
know, cuz like it, it all depends on your taste, right?
It all depends on what you're trying to get out of your life.
But personally I don't. Know the the message, The
message I want to get across though, is like, at the end of
the day, money's a tool, right? So like people are different,
people like different things. Some people like fast cars, some
people like yachts, some people like planes, some people don't
like those things. Some people are much more
simple. I know people that have a lot of
money and they literally dress exactly the same.
They're super chill, they fly commercial and they just don't
care. But fundamentally, at the end of
the day, money is a tool. Like that's what money is for,
right? And like you're not going to be
able to take your Bitcoin with you, right?
So eventually you're going to use that tool to fund, right,
Whatever it is that you're trying to get out of life.
Again, whether that's, you know, the more materialistic things,
whether that's a 'cause that you're, you're you, you want to,
you know, get behind, whether that's a spiritual thing, right?
That you want to get behind it. It it's it's very personal.
It's very personal to you. And I completely understand that
if you've been holding Bitcoin for, you know, 15 years, it kind
of makes sense for you to take a little bit off the top, right?
But anyways, here's another clip of again of of of a Coinbase
executive talking about institutions and sovereign
wealth funds piling in. Instead of that was occurring so
institutions sovereigns patient pools of capital were piling in
during April which which resulted in about a 13% increase
in Bitcoin versus 10 1/2 for gold and retail via the ETF
we're exiting. So you got kind of asked
yourself, what do the institutions know where the?
Institutions buying Bitcoin direct.
And how many of them are now buying via ETFs or other forms?
Well, hard to say they don't, especially the sovereign wealth
funds don't report right now, but you're.
Also, I imagine seeing the ETFs buying because the ETF should be
buying in. The last couple of days.
But the ETF should be buying on a relative basis on behalf of
their customer base. Right, assuming there were
inflows, right, But the last couple last couple days, yes,
we've had but still as of yesterday could change today
we've had net negative ETF inflows.
So this the first reason is the dollarization.
The second reason is this tech unwinding of this big levered
tech trade and Bitcoin trading on its core characteristics,
which again are similar to gold, you've got scarcity,
immutability, non sovereign asset portability.
So trading the way. People who believe in Bitcoin
would like it to trade. The last was to me the most
interesting, which is spoke to a couple of traders who said,
look, if you, if you believe these conditions, these de
dollarization conditions are going to persist, you're looking
at gold obviously first and foremost, but maybe you missed
out on that trade. You're looking at that rally and
saying I missed the, I missed the boat on that.
So what other assets could participate in that market
panic, long term inflation hedge?
When you do the work, there's a very short list of assets that
mirror the characteristics of gold.
Bitcoin is on that short list in addition to the four
characteristics I mentioned. It's mining scarcity.
It's mining difficulty gets harder over time.
Yeah. And you can add two or three
more good things about Bitcoin that you didn't even mention.
So I mean, maybe it never is used to wire money or whatever
you want to call it over to. To the Far East or something.
But you certainly can do it instantaneously.
Frictionless and you can do it overnight.
And you don't have to in gold. I mean, you bet.
It's heavy. You better store it.
You better insure it. I mean, there's a lot of things.
Portability isn't under looked at, it's under emphasized skill
asset. It's very, very hard to
transport lots of large amounts of cash.
It's very, very hard to transport large amounts of gold.
You can't put $400 million of gold on a small disk drive, tuck
it under your arm and move if you need to.
So I do want to address a lot of the comments, right?
Clearly I triggered a lot of people.
So yes, you can take your Bitcoin with you.
Yeah, I mean, technically you totally can if you don't tell
anybody your private keys, you know, and and you pass away like
you know that Bitcoin is. Yeah, I was going to say I would
definitely not sell my Bitcoin as an inheritance plan because
they can tax that inheritance plan.
They can. What do you what do you mean
sell it as an? Inheritance like you.
You mentioned a lot of like these people who are older like.
So but but it was estate planning to be.
Specific estate planning, well, yes, sorry like inheritance
planning, but estate planning they will, they will tax you for
for. No, I mean, but I think there's
ways to do it with the trust. There are very few ways, very,
very few ways that you know you not every.
Yes, there are ways. However, what better way than to
leave your family the Bitcoin that you already stacked for
years and years? Yeah, but I mean, it's that's a
good point. But again, technically right,
Like legally speaking, if you pass away and you have $9
billion worth of Bitcoin and that gets passed on to your
family members you own, you owe taxes on that.
Right. Even if it's in self custody.
Of course, yeah. So if you pass away, sorry, like
really? Yes, of course, that's the law.
Oh man. Like, OK, like you can be shady
about it and you can like break the law and like, just say, OK,
here are the words and, you know, whatever.
But like, as the law stands right now, if you pass on
Bitcoin, like if you pass away and you get and you leave your
Bitcoin to your, you know, to your relatives and it's above, I
think the threshold is $13 million, which is a lot of
money. It's a lot of money, right?
But this person had $9 billion, right?
So imagine paying 9 billion, half of $9 billion to the
government. That's the that's the estate
tax. Got it, got it, got it.
So if you're thinking about it, if you've been holding on
Bitcoin for like 17 years, right, and you started stacking
when you're 20 and now you're like 37404550 and you're like
listen, like like even if you didn't sell the whole stack,
you're thinking OK, like I got to start thinking I I got it
literally he give the reason I. Got I mean, I, I, I love this
comment. I love this comment.
How would they even know? No, no, no.
I mean, this is totally true. This is totally true, right?
Like it like we're going to talk about this like later on during
the show where there's a recent law in Europe that by 2027
they're going to be banning 10,000 any, any cash transaction
over $10,000, sorry, €10,000 in Europe is gonna be banned in
2027. We actually posted yesterday on
the Simply Bitcoin X account, how that relates also to Bitcoin
and crypto in general, Bitcoin and crypto transactions in
general, and where this is this is going.
And if you think it's a coincidence that this is
happening while they'll while they are simultaneously talking
about launching ACBDC, you have your head buried in the sand and
you're not really paying attention to what's happening.
But I will say is that like, yeah, I think it gets to a point
where, you know, look, if you have $9 billion of Bitcoin and
you have a family, you know, you're, you're thinking about
like, OK, like. Yeah, I made it.
I made it. No.
But it's not, it's not only that.
It's like you're thinking about it.
You're like, OK, like, what if something happens to me?
You know, technically my family's on the hook for 50% of
this if they want to follow the law.
Damn. So, yeah, I mean, and, and a,
and a way you can mitigate, mitigate, you can mitigate that
is through trust. If you set up a trust, then you
know, you can legally, you know, get out of, you're not really
getting out of it, but you can tax optimize that situation.
And I think with that amount of money, I think that's a serious
consideration for people. OK, well, now you know.
But I, I see, I see a lot of people in the chat just like,
look, I'm taking it to the grave.
I'm definitely taking some Bitcoin to the grave for sure.
But I see a lot of people saying I'm never selling.
It's like, OK, like I completely agree.
Like I'm I'm never selling. Like what are you going to sell
Bitcoin for? You're going to sell Bitcoin for
an inferior asset. So I completely agree with you
there, but at the same time, you're not paying attention to
what if what if you've been holding Bitcoin for 17 years,
right? And what if you do want to get a
better house? What if you you know, I see
someone in the chat talking about paying off my daughter's
student loans when it finally hit up 100,000 as promised them
was priceless to me. Now they believe in the power of
Bitcoin, like, you know, Bitcoin is not an investment, it's an
exit. I completely agree with all of
those things. But at the end of the day,
someone's in the chat says bro lost future millions to pay off
student loans early. Like that's the thing.
Like guys like, I think, I think I want you guys to understand is
that like at the end of the day, look like your life isn't an
eternity. Like life, you know, you, you,
you know, with like there, there's a certain amount of
years that you're going to live. Eventually you're going to want
to live a little bit, right? I understand if you're in the
first years of stacking, that makes perfect sense, But
eventually you're going to want to live out, you're going to
want to live a little bit, right?
Does that mean you're going to sell your Bitcoin or you know,
I've seen some people do this. I personally would I, I actually
don't own any Bitcoin, but if I did own any Bitcoin, I
personally wouldn't sell that Bitcoin to buy an ETF or
anything. But you know, to each their own,
like to each their own. Everyone has a different risk
profile. Like I will say, if you have
billions of dollars of Bitcoin in self custody, boy do that
self custody setup must must be really, really, really good.
Oh yeah, no. And talk about people who might
not even be able to sleep at night because because of their
setup, you know, maybe some people after holding for a
really long time just kind of want the convenience and the,
you know, I saw this really cute meme the other day and it was a
bunch of whales like or like it was a picture of whales giving,
you know, passing on that Bitcoin to the next generation
of Bitcoiners. And I think there's some truth
to that because, you know, Pete, there's still so many more
people who could benefit from Bitcoin.
And these people have kind of gotten to the end of their rope.
I, I would say $9 billion is the end of your rope.
And now they get to, you know, enjoy their Fiat, enjoy their,
you know, whatever the inheritance and estate planning
stuff I had no idea of. So now, you know, but you know,
some people, there's also people who have like loved ones in
hospitals or who have like emergency situations where they
need to pay off like certain debts or they need it to save
somebody's life. So, you know, it's, it's what
Nico said. Everybody has a different risk
profile. Everybody has a different
purpose for why they need the money that they need.
And you know, we can't judge. We can only hope that future
generations buy buy Bitcoin. It's their Bitcoin to sell,
right? And another thing too, like I
see it in the chat, right? Like you can borrow against your
Bitcoin, like one of our, one of our partners LED in like they're
fantastic. Like you can borrow, you can
borrow against your Bitcoin. But I will say is like be
careful with that, right? Because they're, you know,
Bitcoin's extremely volatile and like, you don't want to get
margin called. But yeah.
Well, not anymore. It's not as volatile as.
We want I. Know Bitcoin bitcoin's become a
stable coin clearly but before it became a stable coin it was
volatile I also think that this year's a fluke so like this
year's a fluke like. Is it really though?
I think it's all part of the process.
It's not so much a fluke so much as it is part of hyper
bitcoinization. It's part of what happens when
these institutions finally buy in and they decide to, you know,
become part of the movement, Not because they want the
revolution, mind you. You always like we're still in
the fight them stage in my opinion, but this is what
happens. Things start to slow down.
You you kind of see the same thing when people went out West
to California to mine gold. There was this huge rush and
then all of a sudden a bunch of people owned gold.
The government, you know, had it as what backed our currency and
you know it the the price started stabilizing until now
until it ran up to $4000 an ounce.
I mean, the price, the price of gold did go sideways for what it
was like a decade, which was pretty crazy.
And then all of a sudden it had its parabolic movement and the
NASDAQ was pumping too, while Bitcoin was going sideways.
While Bitcoin has been going sideways.
Like that's obviously not a good feeling.
I see someone in the chat, very good observation.
Q4 is is not over. This is true, but I will say is
that I think the lesson of this cycle is like, you know, don't
have any expectations in Bitcoin.
I think, I think that's a bad, but I think it's a, it's a
combination. It's.
About don't have any expectations in life, actually
you'll be a whole lot better if you just.
I think you should have expect. I think you should have
aspiration. You should have aspirations but
not expectations. I think expectations will screw
you over for sure. Okay, okay, some wisdom, some
wisdom dropping. The Mom wisdom.
Anyways, guys, it's going to be an incredible show.
I think this is the first show that me that that Sophie and I
do the do the the the show and the studio together.
This is this is fun. This is interesting some husband
wife type of content. So I'm enjoying it.
People in the chat says don't borrow against your whole stack.
Yeah, that that's absolutely reckless.
I would say don't take out more than 5%.
I would say anything above that is starting to get into
dangerous territory if you are to take a a a a Bitcoin
collateralized loan. But again, everyone has their
their risk risk tolerance like SAT wise Janks says far against
your Bitcoin. If it ever drops 50% when it
pumps again, you will you will greatly reduce the debt
percentage against the value of Bitcoin.
No way to be liquidated. Yeah, again, you just have to be
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All right, everybody. We're going to be right back in
just a bit. We're going to start the show.
We have tons of things to talk about.
The government shutdown finally finished.
Is that going to cause the price to pump?
Maybe. Also, square block of announced
that finally 4 million merchants all around the world are going
to have the ability to, they're going to have the ability to
start receiving payments in Bitcoin.
That's right. That is a huge, huge
announcement that we're going to talk about.
And then during the news segment, we're going to be
talking about, again, the EU, the EU cash ban, how it's
related to central bank digital currencies, where this is going.
And then during the culture segment, I think Sophie and I
are just going to be talking about, you know, this crazy
journey that we've gone through together.
We've been basically together almost our entire lives, but
this crazy journey that we've been together, you know, kind of
navigating the Bitcoin industry, the Bitcoin sphere, how that's
been, how we've grown in the process.
So I think the culture segment's going to be fantastic too.
So you guys are? Going to want to stay tuned in.
We're going to be right back. In just a bit.
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At the time of recording, the Bitcoin price is $105,980 Block
height 920 Twenty 3032 market cap 2.11 trillion Bitcoin versus
gold market cap 7.28% decline from all time high -16% If
you're buying Bitcoin right now, you're getting it at a 16%
discount. 16% discount. Anyways, I want to play you guys
this video again, huge announcement in terms of hyper
Bitcoin ization, Bitcoin adoption.
I'm going to play the video and then of course Sophie and I will
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So that that's absolutely. Huge.
That's massive. This is so cool actually.
I thought that I hadn't, I hadn't seen the commercial and
that actually made me feel something.
Did it make you feel something? I mean, it was, well, it was
extremely well done. The production value was
fantastic, but other than that, if you like focus on the
substance, I think it even downplayed the substance, right?
Like, you know, again, like I mean it, it kind of had to
because. This is for mass viewership.
And, you know, I still worry that that people won't care.
But it was so well done, honestly.
Like, I felt the pain of like, you know, not the pain, but like
the the hope that a small business owner might feel
watching this and knowing that, you know, there is an easy way
to accept Bitcoin and for it to work in your business.
Yeah. I mean, I think it's huge.
I think it's, it's absolutely massive that the you know that
you can now like if you are a store, you can now accept, you
know, you could set Bitcoin as payment and as a bitcoiner,
right? The fact that you can use
Bitcoin as money, right? So any, any it's real
peer-to-peer adoption. Right.
And the best part about that ad actually for me was the fact
that you could take a percentage of your Bitcoin and put it into
self custody for yourself as a business.
So so now every business has a little SBR.
Yeah, the every business can. Can build a a strategic Bitcoin
reserve right for them, which is the way Bitcoin is supposed to
be. It's it's not just meant for,
you know, these large institutions that are taking
advantage or not taking advantage, but they're using,
you know, the the traditional markets to do a little bit of
financial engineering to to buy more and more Bitcoin.
At the end of the day, Bitcoin is money of the people for the
people. So it's really cool to see, you
know, square release this product that again, if you have
a square point of sale, right, So you know, and it's very
popular, you'll see them all the time.
I don't know what food chains or anything, but if you go to like
at a pop, a mom and pop shop, like your favorite Taco place,
whatever, like a lot of merchants use square as their
payment. You know, it's not the it's not
the only one, but a lot of them do.
And again, what I love about this is market forces do what
market forces do best. And if, you know, a square
starts to succeed by offering Bitcoin as a means of payment,
then it's they're going to force their competitors to do, to roll
out the same type of product. They're not going to have a
choice, right, Because people are just going to switch to
square and say, listen, I, I love you guys, but you guys
weren't offering this as, as a, as a, you know, as a product.
So I have to use square because it's the only one in town that's
able to do so. So this is extremely bullish for
and it's being released and it's.
Being released at such a great time as well, because if we are
to hope that there is still a bull run in play, that means
that you know, they're getting in right before the price rips
and people are going to have this already implemented.
And when it finally does, you know, it's, it's the same thing.
It's you know, when the price goes up and people call you get
like that call from your cousin saying, hey, like, can you talk
to me more about that Bitcoin thing?
A lot of businesses are going to look at Square and see this
option and say, hey, maybe our business should be accepting
Bitcoin, especially since it's so valuable right now.
I think I think it's it's going to be great for bitcoinization,
Bitcoin adoption and you know, just businesses in general.
This is probably better than anything the government could do
for you. Oh, oh Shot.
Across the bow. So anyways, yeah, guys, smash
the like button. If you guys are enjoying the
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Guys, we still have a loaded show for you guys.
Some news coming out of Europe and I'm going to connect it with
their announcements of a central bank digital currency, which we
actually covered on a Friday show last week.
It's not a coincidence that they're announcing a central
bank digital currency in Europe while simultaneously announcing
that they are limiting trash transactions over $10,000.
That is not a coincidence and we're going to do a deep
breakdown on to why that's not a coincidence and we're going to
be doing a deep breakdown into what your alternative is because
you really only have another alternative.
There is no other alternative, right?
Either work within that system or you opt out into freedom
money. And freedom money, of course, is
Bitcoin. So we're going to be talking
about the all of that during the news and then during the culture
segment we have a special bit. With of course my Co host today,
so we're going to be right back. I want to give a shout out to
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simply to get 20% off Anyways, I do want to talk about this news.
I think it's extremely important.
I'll, I'll read the headline first.
So Luxembourg Times EU introduces €10,000 cap on cash
payments The European Parliament and EU member states agreed on
Thursday to limit cash payments within the EU to €10,000 as part
of legislation to combat money laundering.
Some countries, such as France, already have stricter rules than
the new European provisions on cash payments, but in others,
such as Austria and Germany, cash payments have have until
now been unrestricted. The vision is part of a text
also designed to better combat the financing of terrorism,
concluded after 2 1/2 years of negotiations due to come into
force this year. The aim is to harmonize the
existing highly disparated regulations in the 27 EU
countries in order to detect and limit dubious transactions.
This agreement quote will ensure that fraudsters, organized crime
and terrorists will no longer be able to legitimize their profits
through the financial system. The new legislation also
harmonizes and tightens the rules against money laundering,
terrorist financing imposed on banks, real estate agents and
casinos. These entities will have to be
able to identify their customers or the owners of assets behind
opaque financial arrangements. The applications of these rules
will be extended to the crypto asset sector to ensure
traceability there too. They will also apply to trade in
luxury goods such as precious metals, jewelry and watches, as
well as high end cars, private yacht, private jets and yachts.
Finally, professional football clubs and their agents will also
be subject to the tougher regulations, but only after a
transitional period of five years following the entry into
force of the text from 2029 and then later.
The new legislation will also strengthen the powers of
financial intelligence units. In December, the European
Parliament and the member states approved the creation of a
European agency to combat money laundering and terrorist
financing. Several countries, including
France, Germany are seeking to host the agency's headquarters.
The new agency, known as Amla, will be responsible for
supervising coordinating national authorities to better
detect and combat suspicious cross-border activities.
This package of measures was proposed by the European
Commission by 2021. On Thursday, Financial Service
Commissioner Marilyn Guinness welcomed, quote an important
step forward in the fight against dirty money in the EU.
Now moving on to simply bitcoins coverage of this.
And we did get some comments in the in the just just Lola elites
and some people were commenting in terms of to be specific
around this, and I'm going to let my own thoughts known.
So first we posted this very concerning the EU just banned
cash payments over 10,000. That's completely true and we'll
ID for every Bitcoin transaction starting in 2027.
They're criminalizing privacy. Now I want to be specific with
this part which says will require ID for every Bitcoin
transaction starting 2027. So let's provide a
clarification. Shout out to planmen who asked
Grok to Fact Check it. And this is what Grok said, the
EU's new. AML regulation sets an EU Why
10,000 dollar 10,000? Euro cap on cash.
Payments for goods and services to combat money laundering, with
Member states able to impose lower limits.
It was passed by the European Parliament and Council for
Crypto. It mandates the travel rule for
transfers over €1000 via exchanges, requiring sender
slash receiver ID verification and banning account anonymous
accounts slash privacy coins but not ID for every tiny keyword.
There, peer-to-peer transaction enforcement falls to national
authorities under unified EU rules aimed at tracing illicit
funds while pervert while preserving some self custody
privacy. Some.
Now my very obvious question and I got so much heat for we got so
much heat for this post specifically and the heat that
we got were like, Nico, that's like that's not true.
Like you got to be specific like this doesn't apply to crypto and
Bitcoin. OK.
I'm going to look at you guys straight.
Do you think that if they're applying this cap to cash, do
you think that they're going to be OK with you transacting
freely on the Bitcoin network? Just use a little bit of common
sense. Just lose a little bit of common
sense. Absolutely not.
Another point I'll make. Do you think it's a coincidence
that Christine Lagarde goes on, you know, the European Central
Bank X account and talks about how she's so happy that the that
the CBDC is going to be rolled out?
Do you think it's a coincidence that these two things are
happening simultaneously? Do you think that's a
coincidence? Absolutely effing not.
It's not a coincidence. You have a choice in front of
you. You have a choice of Bitcoin or
you have a choice of a central bank digital currency.
They can't completely get rid of cash because it's too
politically unpopular. But what they're doing is
they're not. They're normalizing the
criminalization of privacy. And we're also seeing this in
the United States where the samurai wallet developer got
sentenced to the maximum jail time.
I think he got five years. And by the way, that happened
under a pro Bitcoin administration.
So you're seeing the demonization, the
criminalization of privacy under the guise of money laundering
and terrorism. Now, you could say, Nico, those
are good reasons. We want to stop those things.
I would agree with you, however. Do you guys?
Remember the Canadian truckers protest do you guys?
Just look at. History and like has the.
Government. Ever.
Abused their power in order. To control their.
Citizens, that's my question to you.
The United States of America, the Constitution, was built
specifically to protect the citizens from the state, from
the government. That's why the First Amendment
is freedom of speech. That's why the Second Amendment
is the right to bear arms. There's a reason for that,
because the Founding Fathers understood tyranny.
They understood it fundamentally and they understood that if
there's two centers, too much centralized control, they're
going to use that against the citizenry.
That's going to happen. It's inevitable.
So when I see this type of regulations and I saw the
comments like Nico, like that's not 100% accurate.
You know, this is not 100% like, you know, correct.
You know, there there's nuance to it.
Like, OK, got you, got me. There.
And we told our, we told our Twitter crew said guys, we have
to be extremely accurate. We have a lot of people
following us. However, come on dude, use a
little. Bit of common sense.
The CBD CS going to be. Launched out.
Around the same time they're banning 10,000 above €10,000
cash transaction. Do you really think, do you
really think they're going to be OK with Bitcoin transactions?
No. And and then my final point is
how do you enforce that on the Bitcoin network?
I understand how you can enforce that when you can limit ATM
withdraws. I understand how you can enforce
that with. They already have these
limitations by the way, with with PayPal, Zelle, cash app,
they're arbitrary. It's.
Like you can't send more than 10. 1000 or 5000 or whatever and
dollars in cash every month, they're already there.
The limits are already there, right?
And I'm not going to. Name any names but.
Certain banks, if you try to wire a transaction to buy
Bitcoin or something like, they'll just flat out reject
you, right? They'll just say no, you can't
do that with your money. Now imagine that system under a
Bitcoin network where you don't have to ask a bank for
permission to send the money. Right that.
System is incompatible. With the old system.
So how are they going to enforce this?
Well, just use common sense. Like use the game theory.
It's obvious how they're going to enforce this.
They're going to 1st. Again, I'm not a fortune teller,
but this is where like it's so obvious where this is going.
First they're going to say you can only withdraw a certain
amount of Bitcoin. You need to give us an ID of
where this, you know, ID of the person or you need to verify
that you are the owner of this address.
I think they're already, they're already doing that right Then
after a. While.
While more and more people are outside of the system, they're
going to say, yo, we literally cannot stop.
This peer-to-peer. Thing and people are sending
much more money peer-to-peer than this €10,000 cap that we
arbitrarily put in, right. How do we stop this?
They stop. Allowing.
Exchanges to withdraw altogether and it all becomes captured
Bitcoin. That's what happens.
That's the inevitable outcome of this.
So when I get corrections in the post, it's like, yes guys, 100%
we should have been more nuanced.
But you're missing the bigger effing picture because make no
mistake, this is where it's heading.
They want you within the system where there is an intermediary
because they can put pressure in the intermediary.
To become an agent of the state, to enforce rules in a
peer-to-peer system where individuals are transacting in a
peer-to-peer manner. The individuals don't really
have that incentive, do they? And then this concept that if
the world is not heavily surveilled and if the and if
citizens are not able to transact freely, that world is
somehow unsafer and somehow you. Know.
Horrible things are going to happen.
That's a lie. I think the biggest danger to
the world today, the biggest thing that is bringing pain to
people today, are central banks with their money printing.
That is the number. 1. Cause of wealth inequality and
is the number one 'cause as to why people cannot afford
anything. It's not these BS rules that
conveniently benefit the central bankers and politicians.
The number one thing this. Is you want to know why the
election in New York went the way it did?
Do you guys want to know why I did that?
Why a communist won in New York City, the financial capital of
the world, he won. Because he was.
Absolutely right with his messaging.
People cannot afford anything if you are a Gen.
Z. Uh, if you are a millennial, you
can probably not afford a home. That's a fact.
Why did that happen? Because when the central bank
prints money, it inflates. Asset.
Prices. Who owns the majority of the
assets? The wealthy?
The older generations, Gen. Z, millennial, you don't have
savings. Most of them are paycheck to
paycheck. Your salary is not keeping up
with inflation. That's why you feel like you
cannot get ahead every single year.
That's why you feel poorer. That's why you feel desperation.
So. Mandami, I think that's.
How you pronounce his name, right?
Yeah. His messaging was 100.
Percent spot on. Like he was right.
I I fundamentally disagree with him ideologically 100.
Percent in terms. Of his his methods to fix the
problem, but to to to. Say that he did not.
Correctly identify a problem and hit a nerve.
You are 100% naive, he 100. Percent.
Got it right. People can't afford anything and
it's the central. Bank's fault?
It's not capitalism's fault. It's not because your party
didn't win an election. It's not because of greedy
corporations. It's because governments cannot
help but to print money. That is literally what is
happening. And if you switch to a Bitcoin
standard, guess what? Your life.
Gets cheaper. Everyone's life around you, if
they're living on Fiat, it gets more expensive.
If you're living on Bitcoin and using Bitcoin as your unit of
account, you get wealthier overtime.
Everything around you gets cheaper overtime like it should
be to quote. Jeff Booth, the.
Natural state of the free market is deflationary.
The only reason we are not witnessing that as human beings,
or perhaps you're not witnessing that or experiencing that, is
because you're not using Bitcoin as your unit of account.
You're not using Bitcoin as your money.
Anyways, rant over. So.
I'm going to pass it on to you. 'Cause this Europe stuff.
Is crazy and and we were we were in Europe all.
We were in Europe in in the summer.
We we had some fantastic times. You know, we were travelling
different cities, but like. Boy would I not want to effing
live. There I mean.
I would want to live there if it was different than than it was.
Wow, what a rant. If you loved that rant, smash
the like button, subscribe to our channel, hit the
notification bell and share the show with your friends.
But yeah, the that's the thing that people don't realize.
People get so concerned with being accurate.
And, and I understand that for a journalism, I mean, Lola Leets
is a journalist. We're more of journalism slash
entertainment, right? But the reality is that we're
here to see, you know, to zoom out and see the big picture.
And the what the big picture tells us is that this has
happened before. And if this has happened before
with Fiat, then it will happen again or they will try to make
it happen again with Bitcoin. And that's the part that people
cannot let repeat, right? You can't let them, you know,
put us in a position where we didn't learn from the past and
we didn't learn that, you know, this isn't going to work.
Obviously, Bitcoin is very different.
It's totally decentralized. They can't technically make this
happen, but they can make our lives very difficult and put us
in a box or, you know, make it so that there are rules in place
that make Bitcoin that much more inconvenient.
And that's what we have to be afraid of.
I think that, you know, the biggest thing that you can do to
combat this is opt out of the system is, you know, try to buy
Bitcoin non KYC, try to buy bit or use Bitcoin between your
friends peer-to-peer. I would say sorry.
I would say instead of. Say again.
Like I want to be like, like when you say again, I, I when
you say buy. Bitcoin try to buy.
Bitcoin non KYC right? Like, let's reframe it because
that's using their framing, right?
Try. To earn Bitcoin, yes, that's so
much. Better try to mine Bitcoin,
right? You want to mine Bitcoin, you
can mine Bitcoin. You don't need an ID for that,
right? You can earn Bitcoin, you don't
need an ID for that, right? You know you can buy something
off of your friend. You don't need an ID for that
for now, right? I'm I'm.
I'm pretty positive they'll try. I don't think you'll ever need
an ID I. Mean you you.
I think you underestimate. Where?
We are where we are in the movie.
What's happening right now? Like I'll, I'll pass it.
So we, we literally talk about this every single day, right?
Do you remember all the censorship that was happening
with Twitter and X and the fact that they literally deplatform
the president of the United States and they started
deplatforming a bunch of content creators and stuff like that?
Like that was because they were losing their monopoly on the
control of information, and they're still losing it.
I, I would say that what happened there, at least in
terms of the media, is that eventually the free market won.
And I think that eventually the free market is going to win here
as well. I think people are going to
realize that they are not happier in the hands of the
government, that the government is actually not making their
lives any better. And so they're going to realize
pretty quickly that opting out is not only viable but
preferable to having a happier life.
I I don't know, but I don't know about that.
Like I, I just, I, I think, I mean, I think that's what
happened with media. I think people got tired of
being lied to and eventually that led to them switching from
what I mean, it happened. I saw it happen with my mom and
it was like the most interesting thing.
She used to be, you know, total legacy media maxi.
And then all of a sudden she started watching Russell Brand
and and she went down the rabbit hole and started watching, you
know, a lot of independent media.
And I think that that's that same shift in in mentality will
eventually happen when it comes to money.
Yeah, Yeah. I I mean I I.
I I just think it's going to be a lot more bumpy because I think
for sure, 'cause this is, this is.
Money we're talking about. This is Money we're talking
about. That's what I'm saying.
Like. I feel like, like with
information, it's like, yeah, guys, we damn, we lost it.
But look at how much they fought, right?
Like even in the US where like you're explicitly protected by
the 1st Amendment, they didn't give 2 flying FS about that.
Well, but that's because there were.
Also, I'm forgetting the name of this thing that Obama repealed.
It's where now basically the media is allowed to lie to you.
That used to not be the case. Basically you can.
There used to be a law where like propaganda used to not be
legal essentially. And like he kind of removed that
that thing. But the point is, is like, why
is the why is the government in in why is the government which
you pay taxes for in the business of propagandizing you?
That's the that's the illusion, right?
It's like supposedly because the Internet happened because.
The Internet happened, guys. We're going to be right back in.
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So it was funny. While that was happening,
someone in the in the in the chat is talking about Litecoin.
Read the room. Dude, you're in the wrong.
You're in the wrong show for that.
But you know, I want to give a shout out to a line.
Who actually brought up it's the Smith Munt Act repealed by Obama
to allow the propaganda we use on the people of the world to be
used on us? So there you go.
Yeah, I mean, there you go. And then again, my question to
you is like you, you're paying for that through taxes.
Like why is the business in the why is the government in the
business of propagating propagate?
How do you propaganda propagate? Why can't we speak English?
Wow, that is a hard word. Propagandizing there we.
Go propagandizing. Why is the?
Government in the Business of. Propagandizing their citizens?
I think that's a really. And then why do I know the
answer to this? What's the answer it's?
Because the Internet. It's because of the Internet,
the decentralization of information essentially made it
so that they had to take control of the reins.
And you see the same thing playing out here with money.
They're not just going to let people, are you crazy?
Like they're not just going to let people use Bitcoin without a
fight. And that's what we're seeing
right now is a fight. Are we going to see, are we
gonna, are we gonna win in the next 10 years?
Maybe, maybe not. I don't know.
I think with the Internet, it took until, you know, 2020 for
people to really open their eyes and see that they were being
propagandized. I, I think that's when the
biggest shift of people were realizing that the same tactics
that they were using in legacy media were being applied online
in the form of bots, in the form of, you know, fake likes the,
the dead Internet theory or whatever.
So I think that same thing is going to apply with Bitcoin
because now we've decentralized money and when you decentralize
money, you completely take away their control to be able to say
what house you want to buy, what kind of job you want.
It affects everything. You know, it's, it is the base
layer of society. It affects how you want to even
like raise your kids. So, yeah, it it is because of
the Internet and a byproduct of the Internet was Bitcoin is
Bitcoin. So that's, that's what happened.
Yeah, I, I. I completely agree.
And yeah, no, I, I, I think you broke it down the, the great
disintermediation and I think governments are, are freaking
the F out that social media is a thing.
The fact that we can just spin up a live stream and have a, you
know, semi professional studio, it's like when they came out
with the. Printing press.
I know simply like, it's crazy guys like.
To even say this like, like we get more views than some legacy
media outlets like that are a whole lot more quote UN quote
legitimate and have all the bells and whistles and and we
blow them out of the water, right?
And I think that's why they reacted the way they did.
And I think that's why they're they're propaganda.
But but it's it's too look, legacy media would put the
Soviet Union propaganda to shame.
Oh, yes, yes. It would put it to shame.
There there's. A whole complex, right?
There's like. I don't even.
This is Wait, can we talk about actually the?
Sydney Sweeney thing. This is the Sydney Sweeney.
Yes, the Sydney Sweeney interview was a perfect example
of that. This girl was trying, the
interviewer was trying to get her, you know, to either say
something embarrassing. She was trying to get force an
apology. She was either trying to get her
to. Force an apology or even better,
say something embarrassing so that they could further cancel
this poor girl. And, you know, she just held her
ground. And what it how did the Internet
react? They went feral with a bunch of
meme templates. And you know that that was the
real communication there that we we won.
Essentially, the people have taken back their power in terms
of information warfare. So I think the same thing if Sri
Rhymes has to follow with money. I think that's a.
Like, fantastic observation #1 and #2 yeah, I mean, like the
memes that were created through that.
This is so good. Were like.
Hilarious like. You know, like this template.
I, I got to say though, when I, when I posted this, the template
was like relatively new. Now I feel like it's just been
overdone but it like the template went effing viral.
And again, like she knows. She tried to.
I'm not going to get into the details she has like this Mona
Lisa. Smile about her that she just
doesn't care, but it's like real socialism.
That wasn't the actual conversation, but whatever, you
guys, you know what I'm saying? Like this is the meme.
Check out the video. I don't want to get into the
details. This is not the purpose of the
show, but just check out the thing.
It was definitely a gotcha question.
I will say that Sydney definitely prepared for it.
There's no way she just did that off the cuff.
But you know, it was, it was very well answered.
But yeah, again, it's like kind of like this forced like.
They shame. You into.
Not. Like if you don't believe the
mainstream quote UN quote institutional consensus, you're
other right? And I think the same.
Kind of same thing is going to they're going to use the same
tricks with money, right? And you say that you you kind of
fell into the the framing when you're like acquire KYC Bitcoin,
right? Like that's, Well, yeah, KYC
free Bitcoin. But that's their framing, right?
Like in the white paper, there is no such thing as KYC Bitcoin.
Like in the white paper, there is no such thing as a unhosted
wallet. Like that's their framing.
Like those are that's true. And you know it's.
It gets confusing sometimes because you don't know when to.
You have to understand, you have to.
And this is like kind of what I'm learning from this
conversation. You have to use their language
when it's against them, but you have to opt out of their
language when you're, you know, trying to, to really opt out of
the whole thing that they're trying to implement in the 1st
place. You can't give it any
legitimacy. No, I mean, I think, I think.
Ridicule is is the best. And I think that's why these
this meme was so effective. And I think that's why it went
absolutely so viral the way it did, because it it was a form of
ridicule. Like it was so ridiculous.
And again, like, the reason they censor is because they have to
censor because they're losing control and we're out, meaning
them with the money too. Like when Christine Lagarde
posts, like you look at the comments, it's like the amount
of ridicule. So yeah, I mean it again, guys,
like don't fall for like this guise of safety and security.
And it's like, if you don't do it our way, like the world's
going to burn down. Like, I'm sorry, I refuse to
believe that. I think the number one, the
number one threat to human prosperity right now in our day
and age is the institution of central banking.
I think that is the number one threat to humanity.
I think it's the number one threat to the youth.
It's the. Biggest.
Obstacle that you have to get ahead and you have a tool to opt
out of the central banking system into the Bitcoin system
and you'll immediately start and not immediately, but over time
you'll start to feel the benefits of that as everything
around. You gets.
Progressively cheaper over time. Most of the world has not.
Waken up to that. Reality The thing is though, is
that that very system, it needs you.
It needs you to be within it. It needs you to use it, right?
Bitcoin system doesn't need you to use it.
It's, it's optional, right? It's a coercive system versus a
voluntary system. So yeah, I'll leave it at that.
I really enjoyed this. This is fantastic.
Yeah, we should do it again sometime, husband.
And wife special, but we're gonna.
Be doing it. I know the rest of the.
Week, the rest of the. Week opti is.
Traveling, ladies and gentlemen. So he's in Dallas right now.
We're gonna be at the Mining District Conference tomorrow.
Luke Mikic and Chris Alamo are going to be filling in.
They're going to be hosting the show.
And then on Wednesday, I forget who it's going to be.
It's me. It's it's Sophie.
And Luke? And then Thursday, you and I
will be back and Friday as well. So bear with us.
We're going to be traveling again this week for a a mining
conference. Hopefully we'll get you guys
some content from there again, go get your tickets at mining
disrupt the links down below. Get your tickets quickly before
they sell out. We hope to see you guys there
and thank you guys so much for tuning in.
We really appreciate it. Love you guys smash the like
button. If you guys enjoyed the show and
we'll see you tomorrow. I mean I'll see you back on
Thursday, right? I'll see you guys.
Tomorrow. Sophie will see you guys
tomorrow. Well, until then, take care
everybody. Today's episode was.
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