It's all going to zero against Bitcoin.
It's going up for everyone. You're against Bitcoin.
You're against freedom. Good morning everybody.
We are back. What a weekend.
We were in Austin all weekend but anyways.
Anyways, crazy stuff happening. BlackRock increases their
Bitcoin exposure, but not in the way that everyone thought.
There was some speculation on the timeline on BlackRock
stacking, but they are getting exposure in every way possible.
Recent news shows that they've been buying a bunch of public
mining company stocks. So we're going to get into all
that news. And then of course we just came
back from Austin. We were in bit box Boom.
So awesome to see all you guys in the flesh hang out with
Bitcoin family members as I like to call them friends,
acquaintances, new faces, old faces.
It was a great weekend and we streamed the whole thing live on
YouTube. I think it's on the Swan and the
Gary's Bit Block Boom channel. So if you want to catch all
that, we got it all recorded for you on the YouTube verse.
But the reason I bring that up, not only because we had a great
time, but there was another conference that happened over
the weekend. It wasn't by Bitcoiners though,
it was by your favorite central bankers out there in Jackson
Hole, Wyoming. So I'm gonna kind of contrast
the two. We have the Bitcoin Bit Block
Boom conference in Austin and then we have the central bankers
meeting in Jackson Hole, Wyoming.
So I don't know, I thought it was very fitting that the two
happen on the same weekend and we'll see the difference between
Fiat monetary policy handlers and the bitcoiners and the
energy coming out of there. You just love to see the
contrast. And of course guys also, as you
can tell, I'm hosting the show today.
I will actually be hosting the show till probably Wednesday.
Nico has some family stuff that he has to take care of.
So send some thoughts and prayers over to Nico.
He will be back in a couple of days.
But you guys know the show don't stop.
This is why we've been doing our best to make sure that I handle
the show, that we're training our boys, Dell and Ruston on the
show and we even have some people coming off on the bench.
So shouts out to our boy Mike Hobart Because we are making
sure that the show don't stop for you guys.
We will continue to give you guys the signal.
As you guys know, this is simply Bitcoin.
We all are your number one source for the peaceful Bitcoin
revolution. We cover breaking news, culture
and memetic warfare. And we bring on bitcoins from
all around the world, from the biggest names to the everyday
Bitcoin. We got them all and we will be
your guide through the separation of money and state.
But of course, guys, I'm not alone.
I'm here with my cohost, Dale. Dale, how you doing this
morning, brother? I'm good, but I gotta gotta do a
quick correction to what you said about that other symposium,
the the meeting over in Jackson Hole.
You said it wasn't put on by bitcoiners.
I'll change that to it wasn't put on by bitcoiners yet.
Yet they will be. Just do it.
Just wait. Given enough time, everybody's
going to come around and see the the bright orange light of
Bitcoin. It's unavoidable.
Let's go. All right, guys.
Well, let's get into the show. We got a lot to cover today.
The Bitcoin numbers. Is your Bitcoin and cold storage
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phrase on paper in your sock drawer.
Anyways, let's get into some of the numbers here.
Of course, we're over here on Clark Moody's dashboard and our
favorite number, the block height.
It keeps going up guys. It's almost like Bitcoin works.
It is at 805,182 for the new all time high of block height.
The current Bitcoin price is $26,120.00.
Guys, we're still in the 26 K range, which means you have an
opportunity to stack more sets than we did what 2 weeks ago.
Which means the Moscow time AKA the sats per dollar, AKA how
much your Fiat dollars worth is currently at 3826.
And I did drop a poll in the chat guys, are we going to see
4K sats? I don't know.
Let's see what you guys think. Let's speculate a little bit in
the chat for you guys. Get you involved.
Anyways, the total percentage of Bitcoin issued is at 92.71%.
The current market cap in Fiat dollar terms is $508.8 billion.
Bitcoin isn't even at a trillion dollar marking cap yet, we're
half a trillion anyways. The realized monetary inflation
taking Fiat currencies to schools at 1.75%.
And someone asked me on telegram what what does this number mean?
It means like even though Bitcoin is hard cap there is a
realized monetary inflation until 2140 until the last
Bitcoin gets released and that is going to get halved and cut
in half in April. And actually Dell maybe can we
can we talk about your your dad the little story you just told
us in regards to the having and and this number the monetary or
realize monetary inflation. I I think this might be an
interesting little story, but TLD Army.
I know how you like to talk, so TLDRS.
The long and short of it is, if you keep on talking to people
and you keep on blasting them every time you get on the phone
with them about Bitcoin, then sooner or later.
No either I guess. I guess there's you, you run the
risk of them telling you to never speak again, but sometimes
they might start to see some some of the things they might go
wait a second. So if the having means that
there's less bit going to be found and there's only ever
going to be X amount 21 million and more people want it as time
goes on, that means that the price goes up, right?
And I'm like, like Lobby said that was the TLDR of my my
conversation, my my dad. And I said that's exactly what
it means. There's only so much it's gonna
get more and more scarce and the price can only go one way.
So yeah, they're waking up. They're be, they're noticing,
people are noticing. OK, last couple numbers we have,
the Bitcoin versus gold market cap is only currently 3.96% of
the gold market cap. If you remember, gold is I
believe around $10 trillion Bitcoin still less than half a a
little more than half a trillion.
Anyways, the total lightning capacity is 4746.94 BTC.
The hash rate the last 90 days is 377.4 exit hashes and the
pending fees is currently 3.11 BTC.
OK guys, as I was telling you guys this weekend, we had a
contrast between two different conferences.
We had Bitlock boom in Austin, the Bitcoin Maxi conference.
Well, all your favorite bitcoiners were and we were live
streaming from the floor. We were holding down the media
desk and we had the central bankers meeting in Jackson Hole,
Wyoming. And I just I the the irony isn't
lost on me that they happened on the same weekend but you can
tell that there is complete difference in ideologies and and
the feeling coming out of these conferences.
And first and foremost I'm pretty sure we played this video
for you guys over the weekend on the streams.
But I want to play it again because you can just see not
only the hubris of Christine Lagarde but notice the body
language I've heard. Does she really believe what
she's saying or is she just saying this stuff just to say it
to play the confidence game. And I also got a story or a
newsletter article, sorry, coming out a couple days later
about what was said at the conference.
And again, we are contrasting this to Bitcoins monetary policy
because that's what it's all about.
And remember what Dell's dad just said?
People are starting to wake up, people are starting to notice,
and they're starting to understand, wow, maybe I want to
get some Bitcoin, just in case. Just catches on.
Anyways, we have a tweet here by Christine Lagarde and she goes,
hello from the Jackson Hole Economic Policy Symposium.
I'm looking forward to sharing my thoughts and exchanging views
with central bankers from around the globe on the very relevant
theme of structural shifts in the global economy.
Thanks for hosting the event, Kansas City Fed.
All right, let's just get into this little video.
Notice her body language? And what is she even saying here
anyway? Wait, let's get into this.
Go to all of you and I would like to share this magnificent
panorama that is behind me. It is the setting of the Jackson
Hole conference that takes place every year.
It is a little bit like the Centra of the West, except it's
been around for longer. Many central bank governors,
many academics, many experts in monetary policy and on the
economy in general will be gathering for two days and we
will talk about the current situation, the major shifts that
we are seeing, the major breaks and how we can best response
with good policies that will actually help bring inflation
back to 2%. This is the goal.
This is the mission. We're not done yet.
We are working hard, but we also have to compare notes and share
our views with others so that we can have really the highest
level of confidence that we have taken everything into account.
But this is a very inspiring place to do it.
Interesting and K first and foremost of course they are
still struggling to maintain 2% inflation rate as we like to
call it. You know, the, the publicly
acceptable amount of purchasing power they can steal from you
every year is 2% and they're struggling to get back down as
we've been covering for a long time on the show, The inflation
rate, the official inflation rate, CPI is nowhere near 2%.
It almost got as high as 10%. I think they're somewhere
roughly around 3% right now and they are still working on
getting that lower. But anyways, let's talk about
what they actually talked about or as Christine Lagarde was
saying, you know, share our notes in Jackson Hole, Wyoming.
You know, it might sound very, very, very simple, very
innocently. We're just going to share our
notes so that we know what's going on in the world.
So we're all on the same page. Some might say they're
conspiring, but hey, let's not go down that path, OK?
We're over here on Bloomberg and we have an article here and it
goes at Jackson Hole post inflation challenges vex central
bankers. And the subtitle is Policymakers
Pledge to Keep Rates high until inflation is Tame.
As you can tell, the theme is inflation is not tamed.
Anyways, let's get into this article and I will jump back and
forth on a few different articles from Bloomberg.
And then of course I am going to angle this in regards to Bitcoin
and bit block boom that we just all were hanging out with over
the weekend in Austin. So the world's top central
bankers stressed the need to keep interest rates high until
inflation is contained and wrestled with deeper economic
shifts that will make their job harder.
At an annual Federal Reserve gathering in Jackson Hole,
Wyoming, keynote speeches from Fed Chair Jerome Powell and
European Central Bank President Christine Lagarde on Friday laid
out the challenges each is facing and deciding if they
should extend historic strings of rate increases that began
last year. At the same time, they offered
investors few clues as to whether they would in fact do so
in the coming months. And there's a link here, and I
want to jump on to this other link real quick, because of
course, as big corners, we know what our monetary policy is.
And yet, people are still out here, waiting for the people in
suits to tell them what is happening with their money
anyways. What are these clues that
they're talking about? So Powell has bond traders right
where he wants them, full of doubt.
Interesting. Interesting.
As we know, monetary policy, at least in the field world, is a
game of trust, a game of confidence.
And as you can tell, the Federal Reserve and the central bankers
around the world are playing with that confidence.
They want you full of doubt. So you don't know which way
they're going to go. Are they going to pivot?
Are they, you know, they're going to lower rates?
Are they going to raise rates? Well, who knows?
And that's exactly where they want you to be.
So Fed chair says in speech that officials ready to hike again,
it's about waiting for September and jobs data.
So we're about to get into September and there's some dates
coming up that obviously all the Bitcoin macro guys are going to
be following. And I'm sure we will follow and
we will give you guys the notes, give you guys the data, see
what's going on in the Fiat world because that's what we're
here to do, is to combat the corporate gas.
Anyways, Jay Powell had bond market exactly where he wants
it, lacking conviction as to the Federal Reserve next debt next
steps. It's a scenario scenario evident
in part through split futures positioning that gives the Fed
chair and his colleagues leeway to quickly adjust policy in the
coming months as economic data unfolds, without having to fret
about potentially roiling the world's biggest fixed income
market. Powell said in a Friday's speech
in Wyoming that the central bank is ready to tighten again if
needed to tainflation. And for investors, it means that
reports like the monthly jobs data out next week will be
crucial. And then it will be tough to
crown a winner in the battle between the bond bulls and bears
anytime soon, even even with Treasuries poised for four
straight months of losses. So again, they don't even know
what they're doing with their monetary policy.
And this is a feature, not a bug.
This is how they want it to be anyways.
Again, moving back to this first article, a key theme emerging
from the formal conference proceedings and conversations on
the sidelines was difficulties adapting the forces outside the
control of monetary authorities. The attendees discussed topics
including productivity and innovation, bond market
structure, global supply chains, and rising public debt levels.
the Fed and ECB are engaged in similar debates over whether to
raise borrowing costs at policy meetings next month, even as the
US economy as surprised with this resilience.
While Europe seems to be headed for a downturn, lingering
inflation in both jurisdictions and uncertainty over how quickly
it will receive is the common challenge.
Powell, in his speech, remain vague about whether the Fed
would lift its benchmarks rate again.
Again featured not a bug, though.
He warned that additional evidence of persistently above
trend growth could put further progress on inflation at risk
and could warrant further tightening of the monetary
policy. Which way are they going?
They don't even know, And that's the point.
Lagarde and her address in a subsequent Bloomberg TV
interview was more wide-ranging and discussing the new landscape
facing ECB policymakers 1 characterized by novel
challenges arising from historic changes, including the energy
transition and a fragmentation of global trade into competing
geopolitical blocks. She too, though, steered clear
of speaking about decisions in the months ahead.
Guys, this is a feature, not a bug as we know.
As Bitcoiners, we know our monetary policy, and this is
where I'm going to angle it. But let me finish this article
first, the prevailing sentiment and conversations and questions
at this year's symposium. A need for humility among amid
this uncertainty of the current landscape.
And here's Christine Lagarde and she goes.
While we need to continue striving to sharpen our picture
of the medium term, we should also be clear about the limits
of what we currently know and what our policy can achieve.
If we are to maintain our credibility with the public, we
will need to talk about the future in a way that better
captures the uncertainty we face.
Guys, I think this is the the shooting gun of this whole
conversation. They're saying the loud part or
the quiet part out loud. It's the idea that they know
that the Fiat game is a game of trust.
It is a game. It's a confidence game.
And as bitcoiners, we don't have to play their game anymore.
We know that they literally make things off off the wind.
They're they're going to adjust the global economy based on
recent data that we know isn't even correct.
And they're going to do this on a whim.
They're going to do this because what a small Cabala bankers
think it's the best move to make.
Well, us bitcoiners play on a totally different game.
And, you know, I didn't have Privy of what was fully talked
about at Jackson Hole in Wyoming at the central bank.
Let me see what what they call it again.
Jackson Hole Economic Policy Symposium.
But I don't have to. I'm a Bitcoiner.
I know what my monetary policy is until 2140 and beyond.
And this is the point. Why are we using a money that is
designed to steal from us, that is designed to take our
purchasing power and is at the whim of a small group of
bankers? I don't have to.
This is the point of Bitcoin. We know our monetary policy
moving forward. We know the having is coming in
April. We know that the supply shock
that is to come next year is going to get cut in half.
And you know, that's why I had Dell tell us this story in the
beginning, because more people are starting to wake up to this.
Look, even if you break this down on simple level, the
central bankers out there, those who are the experts that have
been entrusted to know what is best with the money supply,
don't even know which way they're going to go.
They don't know what they're doing in a week or two.
And I don't know about you, but I do not want to play that game.
Why am I sitting here on the whims of someone that is not
only manipulating the money supply, they're manipulating the
inflation percentages to play that confidence game?
And remember what is said in the early passages of the white
paper. The financial world runs on too
much trust, and that trust has been abused.
And I know, I know, I try to hit you guys with the logical facts
all the time, but people don't even know that that abuse is a
possibility. They they, they're asleep.
They're they're busy. They're in the rat race.
And like Dell's dad, people are starting to wake up to the idea
that, hey, inflation is getting out of control.
My life is getting more expensive.
Why is my dollar, my Fiat currencies not buying me enough
at the grocery store? You know, are we going into a
recession? Are we going into a global
depression? No one even knows the the
numbers are telling you one thing, even though they're
probably telling you something else.
But that's the whole point of the Fiat game is to keep you in
this, in this purgatory of finances where you don't know
where it is going. But hey, you do not need to play
that game. We know where our money is
going. We know how much money is in the
Bitcoin Standard 21 million hard cap.
And if I go back to the the Clock money dashboard, 92% of
all bitcoiners that will ever get released are already
circulating. And remember guys, there is more
Bitcoin that is lost than is even talked about.
And I had some conversations with people at the conference
and there's a running theme of a lot of people losing Bitcoin.
And and This is why we tell you guys to take this self custody
thing seriously. Right now is the time where you
should be preparing your self custody, your cold storage, you
should maybe look into getting better hardware signing devices,
you know, running a note now is the time to be doing this and
make sure that you have your seeds raised, backed up because
things are going to get crazy. When the price starts to run,
people lose their minds. But the point of the matter is
leaving bit block boom and seeing that there was a central
bank conference the same day. I can only tell that there is a
stark contrast between the the vibe that I that I see coming
out of the Central Banker conference and the vibe coming
out of the Bitcoin conference. It was, it was all love at the
Bitcoin conference. It was hopeful, It was
understanding that yes, we have a lot of hard work coming ahead
of us. Yes, we are going to have to,
you know, climb the uphill battle to not only build the
tools we need to offer the world bitcoins, Hyper Bitcoinization,
but we need to be doing our best to get people involved with
Bitcoin, show people why they need to hold Bitcoin, show
people why Bitcoin improves their lives.
Because this is the way. And I don't know, I'm leaving
Austin. I feel, I feel very, very
hopeful. I feel like I hung out with a
bunch of friends and family and it's all love.
And I know moving forward that bitcoiners are winning and they
are building the stuff that the world will be using in a few
years. And when you hang around all of
the bitcoiners, you get a brush, a fret there, a lot of optimism,
a lot of hard work, but a lot of people with their heads on and
knowing that, yes, this work will pay off.
And then you compare that with the Jackson Hole and they're
like, what's going on with the world?
Like, I have no idea. I have no clue.
Is the money? Are we?
Is inflation going down? I don't know.
What do we need to do with the interest rate, guys?
This is a feature of the financial world and you can opt
out of that stack. Bitcoin saving Bitcoin.
Stay solvent. 21 million hard cap.
This is a feature, not a bug Anyways.
Dell, you weren't in Austin. But comparing the two, what's
your thoughts on this? What?
What's the first thing that's getting triggered in your mind
today? The very first thing that stuck
out to me about everything they just said is a small little
snippet in that Christine Lizard video where she says.
We're taking everything into account or or something like
that. We're looking at all the facts
or or something like that. It's like how could you possibly
take into account all the wants and needs of the.
I don't know how many people are in the Western world something
like 3 billion people between Europe and the USI know.
I know most of the world's population is contained within
like India and China are a large percentage of it and in Asia and
that's not considered the West. So if you if you figure even if
it's just. 33 billion people that they are trying to have
some sort of monetary policy control over.
There's zero chance that they could possibly figure out what
all of those 3 billion people want.
You could look at trends. You could see that this country
likes to typically do this and during this part of the year,
oh, the heating costs in this part of the world.
But then every once in a while, nature throws A curveball at you
or something new comes out. One person, as I talked about in
a recent video, Taylor Swift. Can have such a massive impact
on the economy and you can't plan for that.
You cannot plan for who's going to announce a new tour, who's
going to come out and say, hey, guess who's back on the road.
Oh the the whatever have have gotten back together and it's
now going on tour and it's making huge.
Impact on the on the economy because they're traveling doing
their the final European Tour. This person, that person, some
wellknown artist or this thing or a new movie comes out and you
have no idea that it was going to be this massive blockbuster
that it was. So the idea that they could have
any idea of what billions of people are going to want on a
daily basis and then try and conduct and and concoct A
monetary policy based off of that is absolutely insane.
And it's truly insane. It's hubris at its finest that
people think that they can have any sort of.
Idea about what anybody besides themselves want.
I bet Christine Lizard wakes up in the morning, goes, hmm, do I
want eggs or do I want bacon today?
Or do I want bugs? Or do I want to eat a bagel with
cream cheese on it? I can't even decide between
those two things. And yet she's trying to figure
out whatever a billions of people actually want.
Give me a break. It's insane.
It is. It's truly insane.
I I don't know what I'm going to want tomorrow.
I don't know what I'm going to want this afternoon for lunch.
I have no idea. So for me to say that I could
know what everybody in my neighborhood, let alone city,
let alone country, let alone half the world, is going to
want, is. I mean it just it's
mindbuggling. It just it it it beggars belief.
That anybody could get up there be like, no, I I do know what
people are gonna want. I absolutely know what the
policy needs to be. I, me and my pals up here, all
of us in our 50s don't even understand what anything going
on there on the Internet. I don't even know what a meme
is. I've never made one in my life.
But I certainly know what's going on on the Internet.
I can tell what all the kids are gonna want.
I can tell what all their parents are gonna want.
I absolutely have an idea of what all these people are gonna
need to do. And in the coming months and
years and days of their lives, give me a break.
It's insane. It's absolutely insane in
Bitcoin. Just this biggest layer goes,
hey, I don't give a crap what any of you do.
I could not give any flying apps about what any of you do.
I'm just going to be the best money that's ever existed for
you to transact with. How about that?
And that's, that's the totality of the story.
That that's it. That that is literally it.
I'm just the best money. Have fun staying poor.
If you want to use this other thing that people are constantly
messing with and screwing around with on a daily basis, give me a
break. Couldn't agree more.
And and I think that's lost in a lot of people that they the
hubris that comes out from the unproductive ruling class, the
banking class out there, the Keynesians that think that they
can control a complex system such as the economy.
When I think I forgot to pull this up, you can see very
clearly we know what's going to happen with the Bitcoin subsidy.
We know what's going to happen with the distribution of Bitcoin
21 million hard cap until 2140. Yes, there will be bitcoins
released, but we know the havings coming up in April and
the amount of Bitcoin that's going to hit the market is going
to get cut in half. And for those people out there
you might want to get some just in case it catches on.
Anyways, before I move on guys shouts out to the boys over at
the Bitcoin conference. Yes, we are fresh off bit block
boom, but if you are in Europe, get to Bitcoin Amsterdam.
You can get a discount code on your ticket using simply.
It's going to be October 12th through the 13th in Amsterdam
2023. And then of course you can also
get yourself a ticket to Bitcoin 2024 July 25th through the 27th.
Next year in Nashville we will be in Nashville.
We haven't made it to Amsterdam yet as the Simply Bitcoin crew,
but we will be seeing you guys in Nashville.
And of course you can scan the QR code at the bottom of the
show and get there directly. Anyways, guys, let's get into
the news because I'm gonna give you guys what you came here for.
Here we go. The Daily News And before I go
on guys, I want to give a shout out to our boy Brian De Mint's
book, Bitcoin Evangelism. Yes, we know you have trouble
orange peeling your friends and family.
You're skeptical. No coin of friends and you're
kind of on the fence. Family, you know, your mom, dad,
they're like, OK, you like this Bitcoin thing?
Well, get yourself the Bitcoin evangelism book and we got you
covered. You know you got your boomer
neighbor. We got we got what you need to
tell them. We have your, your crazy aunt
that is more terrified about Cbdc's than you are and she may
think Bitcoin is, you know, the the money of one world currency.
We got you covered. You got the the shit corners out
there that are skeptical of Bitcoin.
They're they're going to the casino.
We got you covered guys. Get on Amazon.
Scan the QR code. Oh, I don't think I put up the
QR code. Scan the QR code and get
yourself the best way to Orange Pill.
Actually, before I move on, there was a good there was a
good quote from Jimmy Song and if you guys saw his presentation
at Bitlock, boom, he said. You know, I think it's kind of
ridiculous for us to think that we're going to have someone that
is kind of low key and and interested in Bitcoin.
Be like, hey, hey guys, go read this 300 page book about Bitcoin
and then come back to me and then you'll be a Bitcoin.
And I really, it really hit me when he's like, no.
Like these books are for you so that you can get better at
orange peeling so that you can have the tools you need to be
able to explain this to people when the hearts and minds are
the masters out there because it's about preparing you, giving
you guys the tools so that you can go out there and spread
Bitcoin, Get people involved. Anyways, let's get into this
news guys. So first and foremost, there was
some speculation on Twitter over the weekend.
I think was Thursday or Friday about a new mysterious wallet
becoming the third largest holder of Bitcoin in just over
three months, accruing 118,000 Bitcoin worth $3.8 billion.
So I have it over here. It looks like there's an address
here that has just been constantly stacking going to the
same address. Not the best UTXO hygiene, but
hey, maybe they're new to the space, maybe they don't know
exactly what they want, but they are stacking and they are buying
in huge chunks, which kind of leans into the narrative that
we've been saying for a long time.
You know, high net worth individuals are in the market,
the institutions are here now. I don't want to speculate on
whether this is Black Rock or not, because a lot of people
were saying it was BlackRock, but BlackRock would have to
disclose their holdings. And we're over here at
bitcointreasuries.net and we see, and we remember that
BlackRock, at least officially and again, this is an
institution, this is a corporation.
They would have to disclose this, though maybe it will be in
a different quarter when it does get disclosed that they have
been sacking more Bitcoin, allegedly only holding 6.15
Bitcoin. And if you know, you know there,
there's got to be some kind of Bitcoin owner over there that is
holding their Bitcoin. Or or maybe Larry Fink's
trolling and and he's a shit poster on Twitter.
I don't know, I'm just speculating, kind of having fun.
But the big news is that BlackRock has now become the
second largest shareholder in four of the largest publicly
traded Bitcoin mining companies in the world.
So they have bought more stock in Riot Blockchain, Marathon
Digital Holdings, Cypher Mining, Terra Wolf and so let's get into
this article here. This came out this morning.
BlackRock is a major shareholder in four of the five largest
Bitcoin miners, so the investment giant is already the
second largest shareholder and four of the five biggest Bitcoin
mining by market capitalization. According to the company's
Market cap index, the five largest Bitcoin mining miners
sum up to $5.4 billion in market cap and have registered massive
losses in the last 30 days. So Riot platform $1.92 billion
market cap, Marathon Digital Holdings 1.8 billion market cap,
cipher mining .74 billion market cap, Hut 8 mining at half a
billion market cap and Terra Wolf at point four $1 billion
market cap. So BlackRock is buying the dip,
but they're not necessarily buying the Bitcoin price, the
spot Bitcoin dip, they are buying the Bitcoin mining
companies stock dip. So I think the tell here is yes,
we are still kind of in purgatory.
Again, we're still all speculating whether and when the
Bitcoin ETF will get released. The BlackRock Bitcoin Spot ETF
will get released. Will it be in a year, will it be
in six months? We don't really know, but I
think it is becoming very clear that it's not an if.
It's a matter of when, if BlackRock is continuing to gain
exposure in Bitcoin mining. They are, you know, have their
Canary in the coal mine by saying and signaling that they
want to spot Bitcoin at ETF. It is becoming very off that
BlackRock is infatuated with Bitcoin.
Larry Fink wants to stack Bitcoin.
So do not be selling Larry Fink your Bitcoin right now.
And of course he's buying mining companies as of now and we're
going to get into some of these numbers.
But of course the sign is they are gaining the Bitcoin
exposure. The institutions are here guys.
This is the time where you should be stacking as much as
humanly possible taking your Bitcoin into self custody.
That is the most important thing to be doing is do not leave your
Bitcoin on the exchanges. Anyways, data retrieved by Finn
Bold from CNN shows that BlackRock fund advisors increase
their position in these Bitcoin miners on June 30th,
consolidating the 2nd place as the largest shareholders
position as follows. So in Riot they bought
10,749,369 shares or roughly 6.14% for a total value of
199.08 million. In Marathon they bought 10
million shares, almost 11,000,000 shares or 6.44% of
the stock for a total value of $190,000,000.
And what's it cipher? Cypher Mining Inc They bought 2
million 2.2 million shares, so or a little under 1% for a total
value of $8.36 million. And in Terre Wolf they bought a
little under 5 million shares or 2.28% of the total shares for a
total value of $14.10 million. So they've notably built a
position summing to a total value of around $411.5 million.
And I think this is the kicker guys, equals to a small share of
.35% of the $117.6 billion in assets that Black Rocks hold as
reported in 2022. This current position also makes
the BlackRock Fund Advisors a major member of the Bitcoin
Mining Council, a lot lobbying group for the Bitcoin mining
industry in the US. Now that's just the numbers here
guys. So they are obviously getting
more Bitcoin exposure, whether that is in Bitcoin stocks and
and to be fair this is the importance of the spot Bitcoin
ETF's that all will be released at a certain point coming up is
that these institutions, they can't necessarily buy spot
Bitcoin yet and that's why the ETF's will even though it is
paper Bitcoin. I know, hold your tomatoes.
This is how these institutions will be getting exposure.
But as of now, they can buy Bitcoin mining stocks and
further, we know, oh wait, over here.
We know that BlackRock is a major shareholder of Micro
Strategies as well. They hold what is it about 7.26%
or 304,000,000 shares? Oh wait, 304, that's $1,000,000
in micro strategy stock or 879,617 shares.
So they obviously have already been in the Bitcoin space.
You can tell that they want as much Bitcoin exposure and again
not to get tin foily hat. But BlackRock Playbook is
happening again in the Bitcoin space.
They just want to get their tentacles in every aspect of the
Bitcoin space because whether Bitcoin, you know whether they
believe in Bitcoin or not they are Fiat Maxis and they see what
we see number will go up So they want a little bit of all the
infrastructure. And again I was reminded I am
the skeptical bitcoiner here. I I I'm a tinfoil hat enthusiast
I should make one for you guys so you guys can clown me.
But it really reminded me when the spot Bitcoin ETF news
dropped this little clause in the filing and everyone was
going crazy on it in you on Twitter.
And and you know, I don't want to speculate too much, but I
think it would be missed if I didn't bring this point up
because hey, you know, there's no coincidences.
But hey, things are happening and I'm just trying to connect
the dots. I'm seeing things.
Obviously maybe I'm a paranoid Bitcoin or maybe they are
incentivized to just get Bitcoin exposure because number will go
up. But hey, this is a Bitcoin
channel, and we do speculate sometimes on what people's
incentives are what what what they're trying to do anyways.
Remember this in the spot Bitcoin ETF filing by BlackRock?
In the event of a hard fork of the Bitcoin network, the sponsor
will, if permitted by the terms of the trust agreement, uses
discretion to determine which network should be considered the
appropriate network for the trust purposes, and in doing so
may adversely affect the value of the shares.
There's no guarantee that the sponsor will choose the digital
asset that is ultimately the most valuable fork and the
decision may adversely affect the value of the shares as a
result. Anyways, I bring that up to just
basically hint on the idea that remember what the companies are
that BlackRock is a shareholder in and one of them is Marathon.
And not to pick on Marathon, but we remember that they mined the
first OFAT compliant block last year.
So, hey, you know, not to get too tinfoily hat here, but I'm
just seeing things and I'm just being cautious.
But it is clear as day that BlackRock likes Bitcoin.
They are gaining as much exposure to Bitcoin.
And you know, whether it's paper Bitcoin or not, we'll see how
this plays out. But I think it's just very
interesting and it's kind of leaning on the idea that Dell
was saying about earlier about his dad, like, you know, kind of
putting their minds around how the having works And the the
fact that we have the biggest institutions, the biggest asset
managers in the world all embracing Bitcoin.
I think it's all piling on to become a very amazing, amazing
bull run for all of you guys that are stacking.
Of course there is a contention and the concern about paper
bitcoins and ETF's and all that stuff.
Of course we're bitcoiners. We tell you to take Bitcoin into
self custody. Anyways, the last point before I
pass it over to Dell, it's just important to remember some of
the dates that are coming up that are going to be very
interesting and maybe maybe they won't affect a Bitcoin price
because we're still kind of in this, like are we in a bail
market, are we in a bull market? And you guys remember, you know,
bear market, good news doesn't do anything for the price in a
bull market, bad news doesn't do anything for the price and we're
still in this kind of limbo right now.
But anyways, some of the dates coming up that are going to be
important obviously is September 2nd.
So what's it then? Over the weekend we will be
getting the first deadline for the BlackRock Bitcoin Trust and
then moving out towards the year, There will be some more
dates that we'll see. Will they approve the BlackRock
ETF on the first deadline? I don't know.
We shall see. People say that that's not going
to happen again. Tinfoil hat Bitcoin is like, OK,
the SEC is definitely going to approve BlackRock on the first
headline date, but there's other smart bitcoiners out there that
saying BlackRock won't get any special treatment.
But we'll see coming up in the in a week or so we're gonna see
what's happening. So I don't know, guys.
All I'm saying is that BlackRock is getting a lot of exposure
and, you know, maybe that gets your paranoid Bitcoin alarm
going off. Maybe you're doubling down on
the idea that Bitcoin is the the, you know, money of the
system of the beast or whatever. You know, the world dystopian
coin out there. One world government coin.
Or is it simply what we all know to be the case that you come for
the money, but you stay for the revolution?
I think BlackRock is just seeing Fiat gains, which means, hey,
the floodgates will open up into Bitcoin and you are here and you
front ran BlackRock, you front ran Larry, Larry Fink, and now
the whole world is starting to wake up to the idea that they
might want to get some Bitcoin just in case it catches on.
Anyways, Dale, what's your thoughts on all this news?
What? What?
What alarm bells were going off in your head as I was reading
all that? The thing that always sticks out
to me about any of this big I don't.
What what do you call it, the big financial institutions,
institutional talk, there we go talking about Bitcoin.
Is that right there what it just said?
They're talking about Bitcoin. I've had other people ask me,
well, what about this thing? Oh, what about that was the
cricket stocks? Oh, what about hair gels?
Oh, what about nose hair tweezers?
Like, no, they're not talking about those things.
They're they're talking about Bitcoin, Bitcoin and only
Bitcoin. They're not talking about this
other. I don't even want to say some of
the other names out there, but people like, what about this
one? It's got this thing it can do.
What about this one? It's got this thing that it can
do. Black cross not talking about
those. Not BlackRock is not talking
about any of those at all whatsoever.
I've not heard Larry Fink on any of the news channels that he's
been on the legacy media things be up there and be like well I
heard this 123 coin was got a frog on it is a good deal if
BlackRock is sure is interested in that.
No that's never happened. That will never happen.
He doesn't give two craps about any of that garbage.
Neither should you. If you want to go or and screw
around because you like gambling, hey, you might want to
call one of those hotlines that you see all over Vegas and get
some help. But look, everybody's got their
vices. People like to do things and if
you are doing it for that reason, then be aware of why
you're doing it. It's like people that go to
Aikido. If you want to go to Aikido to
hang out with your friends and you want to have a good time and
have some camaraderie and do it for a club, that's fine.
I've got no issues with that whatsoever.
But do not go to Aikido and think that you're going to be
able to do anything in an actual street fight.
You will not. You will not Steven Seagal throw
somebody to the ground because they just let it happen.
That will not happen in the real world.
Aikido is garbage, is not a real martial art, just as in the real
world there's only some monies that work.
Bitcoin is the best money that's ever existed.
That is why you have places like Fidelity are Kathy Wood,
BlackRock, etc, etc. Every day talking about these
things. That's why they have Fox
Business is it has a Natalie Brunel on seeming like a weekly
basis these days to ask more about Bitcoin.
Only Bitcoin. They're not asking about these
other things. They don't care about those
other things because there's only one thing that has true
digital scarcity. You can only have digital
scarcity once. Everything else is a copy of
that. I don't care what anybody else
says. Anything else that you have is
just some sort of it's a joke. And if you talk about games,
there's only one Magic The Gathering.
Everything else pales in comparison.
There are other games, yes, but when it comes to the market
share of trading card games, there is one king in town, and
it is undeniably Magic the Gathering.
Period. End of story.
When there's talk, when we're talking about monies, there's
one king period. End of story.
And that is why BlackRock is talking about these other
things. They're not talking about build.
Whoa, look at my new cup. I've got a fancy company.
You can put $15 in it and I just put it on a frog's hat and then
I will turn it into Nfg's and loan to go to the buy.
And no, no, if you want to do that then have some fun, Okay,
have at it. But that is not what anybody in
the big leagues is talking about.
And the best part about the big leagues, your fidelities, your
exwise, whatever is talking about all these things is that
it gets people hearing about Bitcoin and it puts them back in
their head. I've got a little news clip,
blip, blip here, coming up here in a second where another very
large country has somebody else that's going to be talking about
Bitcoin. You've got Argentina talking
about it. You've got El Salvador, not a
big country, but it the word is getting out there.
The Overton window is shifting. People are seeing all around the
world, even in the US where we have some of the strongest money
in the world. Other places are pales in
comparison. They know the effects of
inflation. Argentina has defaulted on their
debt something like 9 times in the last 30 odd years.
They know exactly what that feels like.
I was reading an article about a family that's trying to decide
do they go to this event or do they buy the food that they
right now? Because if their money is is
rotting in their hands as as they speak, every time they get
a paycheck they have to spend it immediately.
We don't feel that quite that to that degree in the US it it's
it's more frog in the boiling pan.
We noticed it over years, months in time.
But I have every almost every day that I work at my feet at
mind job. I have somebody say boy, I
should sure have gone up boy I remember when that was half as
much just a year ago. What the heck happened?
And people are starting to be aware that there is a cancer in
the system. There is a deep systemic
problem, and sooner or later people start looking for a
solution. You can go on limping along on
your rotten foot for a while, but at a certain point, when the
foot falls, off you go, boy, this is a problem.
If I want to be able to walk, I'm going to have to be able to
do something about this. I need to fix this problem.
And sooner or later people are going to realize the Bitcoin is
the fix to that problem. There's just there's no way to
to to not see it. Couldn't agree more and and you
said it, you said it best and we say it all the time and the
Overton window is it has obviously shift.
But I think few people understand like how slow you
have to inch over to the Overton window, cuz if you move too
quickly things break. And I know we get impatient.
And also the frogs and boiling water meme like you.
You can't tell in real time how the Overton window has shifted,
but it very obviously has shifted and we're here for this
man. This next bull runs gonna be lit
anyways. Let's get into the culture,
guys. The Daily Culture.
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Before moving forward though, guys, we are going to be at
Pacific Bitcoin this conference. So hey, if you're on the West
Coast of the United States and you're not in Europe, make it to
the Pacific Bitcoin Festival October 5th through the 6th in
sunny LA. In California, yes.
Yes, I know you guys don't like California, but LA is beautiful.
In October. There's gonna be fun.
Last year, this conference, well, sorry, festival was super
lit. I think they're going to do an
even bigger and better job this year.
So definitely get yourself a ticket here.
We want to see you. We will be there.
And of course, the ticket prices will probably increase.
So get yourself a general admission for $600, a VIP ticket
for $2900 and we will be in. LA October 5th through the 6th
and sunny LA. Anyways, Dell, the floor is all
yours. What are we talking about today,
bro? Real quick, before I get into
the news, I'm excited to announce the secret speaker that
nobody has announced. We're going to break the news on
Wednesday. Yes.
Yeah, there. Huge breaking news.
Big of true big big big big. Oh, it's true.
Well, OK, it's not 100% confirmed, but it's like 98
percent, 98.72%. OK, so in the news I got a
preface this story because there there are certain parts of it
that I'm not going to touch on because people are probably
going to have strong opinions one way or another.
So I'm going to just touch on some of the facts here and not
so much the reason behind the facts.
So here we go. Viktor Orban, no tax for
Hungarian woman with four or more children.
Now we need to go over to this real quick.
Here, this top 20 countries with the fastest population declined
by 2020 or from 2020 to 2050. And Hungary is right up there at
#14. So between over the next 30 odd
years, they're going to see a population decline of 12.3%.
That is massive. It's nowhere near what Bulgaria
is going to experience, 22.5, but it's still pretty
significant. So here Viktor Orban is telling
women, hey, if you have children, to help the population
issue. I'm not going to get into
necessarily why he's saying that, but this is a fact here.
You're going to get a tax break, Hungarians.
But Hungary's populist Prime Minister Viktor Orban has
promised that women who have four or more children will never
pay income tax again and move aimed at boosting the country's
population. Scroll down a little bit here.
Demographic decline is a problem in many societies in Central and
Eastern Europe, as we can see right here.
Yeah, Bulgaria, Lithuania, Latvia, Croatia, all over the
place here, Albania, I mean huge, huge populations of
crimes, all of them over double digits.
Romani. Bulgaria in the last eight years
has seen their ascension to the EU for higher salaries in
Western Europe. This combined with a low birth
rates has contributed to shrinking populations and fueled
fears of dying communities across the region.
Yeah, if you don't have people coming and being born, then
they're you're going to cease to exist as a people.
Norman has declared the main focus of his current term in
office to be the demographic situation, and his government
launched a public consultation last year, mailing
questionnaires with a number of leading questions about my
migration and family policy to every Hungarian household.
On Sunday, he announced the number of measures to support
larger families, in addition to the lifetime income tax break
for women with more than four children.
We also promised favorable mortgage terms for families with
multiple children, support for families with three or more
children to buy a car, and increased funding for daycare
centers and kindergartens. And the thing that really stood
out to me here is how once again, the topic of money is
coming up and how to change incentives.
And this is 1 area that we're seeing it.
He wants to increase the population of Hungarian people
by encouraging women to have children.
That's the best way to get babies, is to encourage women to
have children. And if you can give them a tax
break to do as much, then who knows what'll what'll come of
that? I will be.
It'll be interesting. I am interested to see what
comes of other countries doing similar things, offering tax
breaks, doing different things to get to to incentivize their
populations to do different things.
Now, that other bit of news that I touched on here, I don't know
how much of a chance this woman has of winning this race.
But here, if we look right here, after proposing to make Bitcoin
legal, Tinder in Mexico, Senator Indra Kempas, who we've heard
about a few times here, is now running for president in 2024.
Pro Bitcoin candidate won our Gina.
They're talking about Javier Miley.
They're pro Bitcoin candidate won Argentina's presidential
primary elections. Now pro Bitcoin candidate
running for president in Mexico. Notice it.
Notice a trend? Yeah, we are noticing A trend.
This is what we were just talking about with BlackRock.
These are all, all of these individuals.
Argentina. Javier Miley is talking about
Bitcoin here. Indira Kempus probably pitching
that name, but Indira Kempus is talking about Bitcoin trying to
make it legal tender in Mexico. These are huge, huge things
where we're the what is the population of Mexico?
It's millions of people. I think it's far larger than of
the US that's that's for sure. Population of Mexico.
The point that there's 1.2 million, I'm sorry, not one
point 226 million. So it is, it is less than the US
but the thing that is, is so significant about these
individuals getting on stage and talking about Bitcoin is that
they're bringing the awareness of Bitcoin to people.
If you get on stage and you talk to half that because the half
the population pays attention to you, that's 60 odd million
people that go, huh, they have the that that inception, they
have the the ear bug of Bitcoin in their head now and they hear
about it now. Now they're a little bit more
aware of it, and it kind of causes this blue car syndrome
where now that you've heard about Bitcoin, it's going to
stand out a little bit more when your friend mentions into you.
And then if that Indra campus says a few things that you like,
you go, boy, that makes a lot of sense, Yeah.
Why do we have a, a central bank that is printing money and has
the legal right to counterfeit money when I have to go and work
for it? Yeah, that doesn't make a whole
lot of sense. Why are so many family members
and people that I know trying to go to the US where they do have
a a lower rate of inflation there.
I I mean I remember back in the day I don't know what it's it's
like now. But back when I was a kid I
remember people kind of jokingly talking about the pesos and how
you could get I don't know what it was but hundreds or thousands
of pesos for for a few dollars. And I'm I'm thinking how, how
does that how, how does that make sense?
How how do people afford to do anything there?
Or I or thinking that I'd be a a millionaire if I went down to
Mexico when I was a kid or something with a few bucks.
But it all that happens when you have a whole bunch of pesos or
millions of them is the things just cost more.
You just it's not that you can go down to Mexico and buy a home
for $3. No, you just have to have
millions or millions of pesos or whatever it is these days.
So if you've got somebody that is pro Bitcoin, you do, we do in
Deer campus talking about Bitcoin to a population of over
100 million people, then the word of Bitcoin is just going to
get out there more and more and it is getting out there more and
more. I have no idea what this does
for the price. And that's one thing that a lot
of people think about when they hear about Bitcoin being talked
about, oh, this is so good for the price.
Oh, this is so good for the price for my local Fiat
currency. What does it matter what it what
good it is for the price of the local Fiat currency when the
Fiat currency can be printed into based into oblivion?
That is what we're constantly talking about.
If the price of Bitcoin goes to $5,000,000, who cares Because
you're not ideally, you're not selling your Bitcoin.
I mean, you can, I'm, I'm not going to tell you what to do
with your money. This is not financial by by any
means. But if homes go from let's say
500,000, half $1,000,000 on average, or a million, whatever
it is in the US on average, depending on where you're
looking, obviously. What does it matter if if you're
making $300,000 an hour, when when hyperinflation has happened
in in a burger cost $10,000 or now to get it fill up your tank
of gas, it costs $100,000 because it's been inflated
inflated into oblivion. It's so the price in Fiat really
doesn't matter. It's it.
I guess it's an interesting anecdote it's it's kind of a a
fun little factoid but the only the only reason that the price
in Fiat matters is how much you're getting in Fiat dollars
right now from your Fiat mind jobs, which many of us have.
Not all of us, but many of us have if you if you can transfer
some of that and you can into Bitcoin, how much Bitcoin can
you get for those Fiat dollars currently?
Because that price, that difference is just going to
decrease over and over and over and it has decreased.
I mean you could get millions, hundreds of millions of
satoshi's back years and years ago for a few bucks, but now you
can't. You can get 1000.
Can you imagine what it would have been like back in 2000 and
say 1112 where you could have for 20 bucks get today what cost
you 10s of or hundreds of thousands of dollars.
But that's just going to keep on happening.
The problem is that so many people see the price now and
like, oh I missed out, they look back in time.
Oh, it's like the the there's some name for it but it's like
the the, the lottery syndrome where you go, boy, if I win the
the the the lottery, I could do all this stuff.
You look back in time, you go, boy, if if only I put $1000 into
Amazon back when they first got started.
I'd be whatever an air right now.
I'd have so much money if I if I could go back in time I'd buy so
many Apple stocks and I put money into NVIDIA and I do this.
Why? Why?
So that you can sell it for more of that garbage that is just
going to go down in price. That's, that's what people seem
to to fail to understand is that the money that you're so
coveting is trash. It is trash.
It's just being made on a daily basis.
It's like throwing rocks into the ocean to be turned into
sand. And like, boy, one day I'm going
to get so much sand from that rock, We'll look all around you.
There's unlimited amounts of sand on the beach right now.
What are you so excited about that rock turning into sand?
When you get as much of it as you want, who cares?
It's sand. It's trash.
It's not worth anything. It's only worth what the other
people say it's worth. Whereas Bitcoin is going to be
what it is. It can't.
It doesn't change. But if you could buy huge swaths
of land and use that and transact with it and put it into
your wallet and use that as money, that'd be a really great
idea. But we don't know how to do
that. There's no way to put land,
which there is a finite amount of into our wallets, actually
carry around in our back pocket and walk.
I'm going to give you 3 acres of this parcel in Arizona and I
also have some sections in Montana.
You can't do that, but you can do something that is somewhat
similar with Bitcoin. So to wrap this up, I think the
point of more and more people understanding how money works
and what it is is just going to get more and more simplified.
I've got a video coming out here later on this week.
I'm talking about proof of work, describing it with monkeys, with
typewriters. Then if you can understand a
monkey eats bananas and you can understand a typewriter, it's a
mechanical machine. If you get words then you can
understand proof of work. If you can't understand monkeys
and typewriters, you know then I don't even know what to tell
you. I seriously best of luck.
It's going to get. It's going to be rough out
there. It's it's like that that that
line in the in the Professional where Jean Reneau tells Natalie
Portman she says does life get easier And he goes don't like
it's harder just gets worse. So if you can't understand
monkeys and typewriters it just gets worse from here friend.
It's it's just. It's well, well, well before
before I get my take on this, uh, I absolutely love Dell's
storytelling in the Voices. It adds a whole new dynamic to
the show. But anyways, guys give us three
more likes so we can hit that 100 likes before the first hour.
And I think our streak will continue for like the last
month. So I see you guys.
We're almost there, shouts out to everyone in the chat.
That as well, that is pushing that, but OK, let's get into
this. I mean in the beginning you
covered that story of it, I believe you said in Hungary.
But it just continues to expose the idea that we tell you guys
constantly Fiat's incentives are broken.
The Fiat system has a way to incentivize you to do the worst
things, even though here like it's kind of a good thing, like,
you know what, we're going to kind of separate the two, but.
I say all that to basically say that the Bitcoin's incentives
are broken. They they constantly show that
they incentivize you to not only improve your life, but by you
improving your life. A selfish need of you self.
No what what do I always say? It's enlightened self-interest,
incentives of helping your life get better.
It helps everything else by just by default.
And this is, this is the way moving forward guys, you need to
have some capital, you need to have some savings, and Bitcoin
incentivizes this so that you know you don't need these tax
breaks. If you have a family, you have
good financial planning and you know, I know it's hard for
everyone. I was, I was, I still probably
am bad with Fiat money. But when it comes to Bitcoin,
it's it's a lot more. I know it's easily saveable
anyways, but guys, one thing's clear.
Money is a topic of contention around the world.
People are feeling the pain and people are looking for
solutions. And this is what I say all the
time. Most of the world knows the
problem. I think everyone can talk about
what the problems are, but few people know what the solutions
are. And of course we started this
with Jackson Hole in Wyoming and the central bankers talking
about their solutions to fix the problems.
Those solutions don't work. What's Nico?
We say there is no political solution for this.
And hey, I don't know about you, but banking is probably one of
the most political classes out there.
Guys, it's all politics. This is why I know we get a lot
of Flack here on the channel because they say like, oh, you
guys talk about politics too much.
Bitcoin breaks politics. You know, politics are
irrelevant in regards to Bitcoin.
I fully agree. But at the very end of the day.
There will be politics moving forward from here until probably
the end of time. Politics is just a way to
organize humans, and I think there will always be politics,
even if it's just on an interrelational level between
you and the people that you interact with.
But anyways, I think the point remains the same.
And I I I always butcher her name.
What? What's her name?
Indra. Indira campus.
Indira Campus and you're You're Latin?
I thought you could. Did my I I can't roll my arms.
I'm a pretty bad Latino. But you know, just because I'm
born there. I'm an American, bro.
Listen to my accent. You know I was born in Mexico.
But no, I didn't. I'm.
I'm trolling anyways. The point is, is that the
Bitcoin signal is spreading. And as the Bitcoin hope signal
spreads, more people are looking for solutions.
Again, we all know what the problem is, and as you guys out
there live a better life, people will look to you and ask
themselves, how are they living so good?
How are they so hopeful? How come they aren't struggling
like the rest of us? And it's because you've opted
out of the Fiat games and you hold Bitcoin and you've
unplugged from the Fiat system. And then, once you build on the
Bitcoin standard, once you save in Bitcoin, your life improves.
And you're seeing that Indira as well as Melee in Argentina.
And I think we heard some grumblings about this same thing
happening in Guatemala. We're seeing that Latin America
is looking to change things up. They understand what we
understand. The I MF is a racket and the
Bukelle Effect is in real time happening around the world.
And people are looking to El Salvador, and they're wondering,
wait. I can get myself out of the debt
as well. Wait, what's going on here?
I don't have to take the IMF debt so that I can continue to
build infrastructure in my country.
Like, wait, what is actually happening?
And Bukelle continues to prove to Latin American worlds, to
third world countries around the world, that, hey, if you add
some Bitcoin to your balance sheet.
Your life might improve. And again, this next bull run is
going to vindicate not only Michael Saylor on the corporate
level, but Bukelle on the nation state level.
And more and more people are stacking and going to stack
Bitcoin. And it really is going to be
beautiful to see countries you know, like like my whole nation
or my my, my the motherland, my birth nation of Mexico.
To get on the Bitcoin standard. I know my mother would be pretty
proud. But hey, I'm an American.
Listen to this accent, you you already know I am America first.
I love America, but. You are The Walking billboard
for the Bitcoin revolution. Hence why corporate press is so
negative towards whether Buchele and El Salvador, whether it's
sailor on the corporate level, whether it's just calling every
single one of us criminals because we want to save in
something that doesn't steal from us.
It's incredible that they are gaslighting the average person
out there, but this is where it's an opportunity for us to
show up every single day, to have these conversations on
YouTube, build a place for people to.
Get educated, get entertained so that they can find out the real
solution to the world. And then of course the calls of
actions that you guys do with your friends and family.
I know I actually there a little tidbit story.
There was a there's a running theme at at Bitblock boom.
I think all my Bitcoin friends have become a little jaded and
we're like, man, you know I don't really have conversations
with people about Bitcoin anymore.
Like I don't force the Bitcoin message on them.
I kind of. Allow a space for them to come
to me and know that like, hey, I'm the Bitcoin guy.
Like I have the solutions. I'm living a good life.
I I want you to, you know help yourself.
But again, you you have to help yourself 1st.
And and unless people are interested, you might.
You might be better off by just, you know, living a good life,
providing value in different areas.
Fiat, mine, all that good stuff because.
You know, people can only orange pill themselves and that's kind
of one of the the themes that I got over the weekend.
It's like orange Pilling is an individual thing and the person
will have to want to be orange pilled.
And again, usually the best way for this to happen is for them
to feel the pain. And as we can see, everyone is
feeling the pain. Man, Viking goes laughing.
My boy Viking goes laughing in the chat.
He gets it, he gets it, but man. You guys protect yourself,
saving Bitcoin, enlighten self-interest, Make sure your
Bitcoin is in cold storage. Do not leave that Bitcoin on an
exchange. But moving forward, it's going
to become very clear that people need to stack Bitcoin because
they're getting poorer and this is what will wake the world up.
Why is my dollar not going as far as it used to?
Is there solutions to this? Yes there is.
It is simply Bitcoin and people will have to feel that pain.
So hey. Just build it and they will
come, guys. And this next bull run, I think
will very clearly prove that. Anyways, guys, let's get into
the meme review because he watched his whole show just to
get to the meme review. The Daily Meme Review.
Brought to you by Kaboom Racks. I get this question all the
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Kaboom racks, hold on. How's Matthew Ji think Opti
should wear a T-shirt, tuxedo and a Bitcoin hat?
I wasn't gonna say the kaboom racks, but in a really weird
voice. Go on, kaboom, kaboom.
I was low key trolling at a bit block.
Boom. Well I was saying I'm I'm gonna
I'm going to troll everyone and start wearing a you know a suit
on the show because everyone knows I'm a professional
bitcoiner now and and you know I think suits mean something or no
no I'm just joking guys. Maybe one day maybe one.
Anyways, this is the main review where you guys send us memes on
Twitter. Tag me at Simply Bitcoin TV,
give me your your favorite memes or tag your favorite memes memes
at Simply Bitcoin TV and I will get them on the show or tag my
personal optimist fields. And I will get them on the show.
Of course you can also drop them in our telegram group.
T dot me slash simply Bitcoin. I look in there every morning
and try to get some memes guys. But hey make the memes, get the
calls of signals out there, tweet to the bullets memes of
the artillery. We are in an information war and
we have truth on our side. Anyways, 1st meme is by our boy,
the BTC therapist, and he goes we won't stop buying Bitcoin.
And we have Jerome Powell looking kind of concerned.
He's got the Federal Reserve logo behind him.
Because you think this is funny, that the world is getting more
poor and we don't have a solution and we have to go to
our symposiums to try to figure out the solution.
And yet we don't know what's going to happen.
And it's the Joker laughing. Bitcoin is yes, I do think it's
funny, and I'm tired of pretending like it's not.
We have the solution. It is Bitcoin.
Anyways, the next meme is by Lena Sishay and she goes don't
be that guy. With a concerned emoji.
And we got the Bitcoin logo here and he goes, I give you the key
to my heart and it's a private key and the logo goes treat it
well And this is the new coiner out there and you give them the
key to your heart, which is the private keys.
And then they go and they give the private keys to the exchange
and they leave their coins on the exchange.
And the Bitcoin logo is just like, what is going on here?
How could you betray me like this?
Take your Bitcoin into cold storage.
This is the way guys. And this next one is by our boy
Yellow AKAICO Offender 2 on Twitter.
And it this one. The last two memes kind of
connect together and I'm sure you guys have been hearing the
rumors about Bynance and all the stuff going on and it's a little
murky waters out there. Are they following FTXI?
Don't know what's going on. Anyways, Yellow puts a meme here
and goes Bynance and CZ whenever they see someone withdrawing
their coins, and it's a picture of The Sopranos gang just
sitting there concerned like. No, don't take your Bitcoin.
It's it's more trustworthy. With me, your funds are soft
food on finance. Trust this guys.
No, you do not trust them. Take your Bitcoin into self
custody and let them look grimy at you all you want.
It doesn't matter. And again these last couple
memes are connected in a way. Shouts out to my boy Ruston, AKA
sets for life and he goes, he's got a meme here.
It looks like it's not necessarily a Bitcoin meme, but
we got a guy here with like, a. Son for a head and it goes.
No matter what society says it's OK to be like Nah that ain't for
me. And then Ruston goes then
continue to stack sats and give the state the middle finger.
Hashtag Bitcoin Guys, it's OK to opt out.
It's OK take your Bitcoin in the cold storage.
This is the way. Anyways on another note again
you know we try to avoid politics as much as possible but
I absolutely love on this is meme here AKA at son of sats.
I'm sure you guys saw the Trump mug shot.
Over the weekend, the weekend was rife with political
contention. There was a debate, and then we
had Trump's mugshot. And it's kind of an epic
mugshot, but like, people are concerned about it.
Anyways, our boy undress did a meme.
And it's the Trump mugshot. And you guys, I'm sure you guys
saw the mugshot. And it goes, my Fiat banker
every time I empty my account to buy Bitcoin.
Trump mug shot. Yes, this is the way, OK.
And then doubling down on that, take shots at the Avery huddle
and he goes what it's like to not watch political debates and
huddle Bitcoin. And we got this Pepe the Frog on
Rollerblades, and he's just chillin, you know, He's got his
musics playing. He's vibing.
He's dancing. The world's blowing up around
him. You know everyone's getting
poorer, but you are safely in Sats.
Your life is getting better. You are looking to find ways to
get more Sats to build your cash flows up, to get your Bitcoin in
code storage to opt out to get fit.
Moisturized in your own lane. Unbothered, unfazed.
This is the way finding Bitcoin Zen.
And here's a perfect example of it.
A GIF. Just rollerblading through the
chaos, listening to your favorite songs and stacking more
sets. Anyways, guys, drop your meme
review in the chat over there and I will cover them live
again. I I forgot the music, but hey,
it is what it is. Before I do that though, do you
have a score? Actually, I know what my score
is. I'm going to give you.
My bitlock Boom. Hey, what do you call this pass
with my really bad handwriting. As you can tell guys, I am
basically like a 12 year old. I can't write for any anything.
I can't. I can't write in my life
depended on it. All right, Dell, what is your
meme review score for today? I'll I'll I think I've used this
before. Maybe.
But I will give those memes an earbud.
Google. Pixel.
Whatever earbuds score wireless earbuds are They're a game
changer. I'll tell you what.
I I agree though. I'm again, you guys know me.
I fall down some conspiracy routes on Twitter.
I just like to watch them. Someone tell me in the chat is
is the is the Wi-Fi Bluetooth frying my brain or am I good to
go? Because that's what people are
telling me. But I'm a huge wireless
headphone maxi. But anyway, listen to some of
that stuff as well. Are we frying our brain?
Are we frying our brains? I don't know.
Anyways, who knows I I went let's.
I don't know if you guys like Chance the Rapper, but this is
some coach you know, fried too many brain cells now to be
worried about my brain cells now.
So anyways, anyways. This 1st meme review scores by
Dennis Lassen and he goes meme score.
I give the joker meme scream. I want to know Dell do you have
a Bitcoin tag to like me? If no, why not?
Why are you waiting for? You are a tattoo guy.
Blood in, blood out. Why?
God, I've answered him like five times in chat I told him I don't
have a Bitcoin tattoo. If that doesn't make me a full
blooded bitcoiner, then I don't give a shit.
Well, I don't have a Bitcoin. He's been he's been trolling me
too for a for a minute but I don't do tattoos.
I don't do tattoos so never going to happen bro.
Appreciate it. Anyways next meme is by our boy
Mike Hobart and he goes I give these memes a score of my fresh
ass simply Bitcoin bitblock boom tshirt let's go Yes we we we
were giving a few out to the team shouts out to everyone that
supported us there. We do have more.
We still having some issues with our store guys so forgive us.
We are going to get that updated for you guys this week.
We're we're making sure that this is this is rolled out
easily. Of course we soft launched it
there was some some problems over the weekend but we're
fixing it guys. We love you appreciate the
support. Anyways, next meme is by Andrew
Williams and he goes, I give that mean a mind bugling freth.
Brush hair #Abdi can't speak? Yes.
OK all right. Next meme review score is by
Elaine. Good morning, Elaine and she
goes. Score, BlackRock, the Fed, Bank
of International Settlements, etc, etc.
Becoming irrelevant as Bitcoin takes over and orange becomes a
new red, white, and blue. Love it.
OK, next meme review scores by Igor and he goes.
I give those memes my favorite moisturizer.
Yes, unbothered. Wait, wait.
What was that? Dale?
Did you pull one up? What was that?
Which one was that? More opsec like me have a
Bitcoin of tattoo on your head? Why would why would people want
to go around telling everybody, hey, I've got Bitcoin use a $5
wrench to smash my face in? Like, come on, no.
Dude, some people like to live dangerous.
Anyways, Bitcoin puritan, I give the memes a pad of post it notes
on a tiny pallet. Okay.
OK, Oh, wait, Elaine, Elaine told us Earbuds Bad.
Save yourself, maxi. No.
OK, Wrecked. All right, Matthew J goes.
I give these memes a tshirt tuxedo.
OK, I might have to get one for the culture.
All right, Roman, score. Stack harder, guys.
You heard it here first. Stack harder.
OK, Mclovin meme score. Stack heavy stats while they're
on sale. Your future self will thank you.
Yes, yes, this is the way, guys. This is the way.
All right. Well, we appreciate it guys.
As you guys can tell, this is simply Bitcoin.
Just your host hopty Opti host, Hopty host Opti, Nico's away
till I think Wednesday. But the show goes on.
We will continue to give you guys a signal.
Anyways, Dale, what do you, what do you have in the books for?
For the Twitter timeline? For the what?
The Twitter? Oh, wait.
I don't know. Well, Twitter timeline and
YouTube timeline. What?
What are the clips you're dropping this week?
Bro, I've got a clip where I'm answering two questions.
Somebody asked a question video a while ago.
They asked about UTXO management and then why Bitcoin is better
than some other gobbledygook nonsense.
And I answer both those questions and then that proof of
work as described with monkeys and typewriters.
I'm looking forward to that one. I hope people enjoy it.
Let's go. Hold on before, before I go on
Dennis trolling me, it's about spreading the truth.
It's Bitcoin or slavery. We all do our part.
Yes, this is the way. All right, all right.
Anyways, Dale, appreciate filling in.
Actually, Dale's coming back Wednesday, so you're going to
get a lot of Dell this week. Anyways, guys, we love you.
Appreciate the support. Like, share, subscribe.
Just come here. Hang out with us.
That's all that matters to us. Spread this to your friends and
family. But we'll be back tomorrow.
Come hang out with us on spaces. Peace out, guys.
We love you. All right?
You already know. A little clunkier when I'm doing
all the production, but hey, it is what it is.
Let's go. Fresh off bit block.
Boom. We're back.
We should be back to our normally scheduled programming.
It was a hectic weekend, hectic weekend.
We put in, we put in the, we put in the hours guys.
I think. I think that's the.