1 00:00:07,760 --> 00:00:10,120 It's. All going to zero against 2 00:00:10,120 --> 00:00:12,080 Bitcoin. It's going up. 3 00:00:12,080 --> 00:00:21,240 Forever. You're against Bitcoin. 4 00:00:21,280 --> 00:00:25,200 You're against freedom. Yeah. 5 00:00:25,200 --> 00:00:27,120 Welcome to another episode of Simply Bitcoin Live. 6 00:00:27,120 --> 00:00:29,320 We're the number one source for the peaceful Bitcoin revolution 7 00:00:29,320 --> 00:00:30,720 called Breaking News, Culture, Dramatic Warfare. 8 00:00:30,720 --> 00:00:33,200 We will be your guide through the separation of money and 9 00:00:33,200 --> 00:00:36,480 state technical difficulties. This morning I couldn't get my 10 00:00:36,480 --> 00:00:39,160 green screen to work. I was having trouble connecting 11 00:00:39,160 --> 00:00:42,320 to restream. But the good news is that we're 12 00:00:42,320 --> 00:00:43,520 pumping. We're pumping. 13 00:00:43,520 --> 00:00:48,280 I think we went from like 38 K We touched Fit 42K last night. 14 00:00:48,840 --> 00:00:50,800 Everyone's been losing their minds. 15 00:00:51,200 --> 00:00:53,400 Opti and I were talking about this off air. 16 00:00:54,000 --> 00:00:56,200 It's like 2 years in a bear market. 17 00:00:56,200 --> 00:00:59,480 Finally seeing the light at the end of the tunnel. 18 00:00:59,680 --> 00:01:02,960 Things feel good. People are optimistic. 19 00:01:03,160 --> 00:01:07,480 Adam Back is dropping crazy, crazy price predictions. 20 00:01:07,680 --> 00:01:10,680 He's calling for $700,000 Bitcoin. 21 00:01:10,680 --> 00:01:13,200 Samsung now is calling for $1,000,000 Bitcoin. 22 00:01:13,400 --> 00:01:15,920 We're going to break all of that down for you guys today. 23 00:01:15,920 --> 00:01:19,680 We have all the receipts and we have a very, very special guest 24 00:01:19,680 --> 00:01:24,000 as well. We have the Bitcoin Atlantis 25 00:01:24,920 --> 00:01:27,760 that's being thrown in Maida, Portugal. 26 00:01:28,040 --> 00:01:29,760 How you doing Andre? Welcome to the show. 27 00:01:29,760 --> 00:01:30,960 I'm. Good. 28 00:01:32,120 --> 00:01:35,240 Thanks for having me. Well, we're excited, excited to 29 00:01:35,240 --> 00:01:39,560 have you and excited to talk about what's going on with the 30 00:01:39,560 --> 00:01:42,160 event that you're throwing. You have a lot of high profile 31 00:01:42,360 --> 00:01:46,240 speakers flying from all over the world going to this, this 32 00:01:46,240 --> 00:01:49,440 little, this little islands off the coast of Portugal. 33 00:01:49,880 --> 00:01:52,520 What's happening there? I know that the President of 34 00:01:52,520 --> 00:01:55,800 Portugal, for example, spoke or or or the. 35 00:01:55,800 --> 00:01:58,200 I don't, I don't know what the correct terminology is, but he 36 00:01:58,200 --> 00:02:01,880 spoke at either Bitcoin 2022 or Bitcoin 2023 and that was a big 37 00:02:01,880 --> 00:02:04,400 deal. Yes, but it's the president of 38 00:02:04,400 --> 00:02:06,800 Madara, not the president. President of Maida. 39 00:02:06,800 --> 00:02:08,880 President of Maida. See, that's why I'm asking you. 40 00:02:08,880 --> 00:02:11,320 That's why I'm asking you. Well, it would be amazing to 41 00:02:11,320 --> 00:02:14,320 have the president also there, the the, the big main one, but 42 00:02:14,320 --> 00:02:18,800 that's not possible so. Hey, never say not possible yet. 43 00:02:19,080 --> 00:02:22,480 Yet yet. We have elections next March, so 44 00:02:22,480 --> 00:02:24,960 who knows? Just actually one week after the 45 00:02:24,960 --> 00:02:28,760 conference, we have elections for the national government, so 46 00:02:28,760 --> 00:02:31,040 who knows? Yeah, there you go. 47 00:02:32,720 --> 00:02:35,160 So if you live in, you live in Portugal, you know what to do. 48 00:02:35,360 --> 00:02:40,120 Anyone who's always optimistic Opti, what's going on with 49 00:02:40,120 --> 00:02:42,960 restream, bro. I don't know bro, You're having 50 00:02:42,960 --> 00:02:46,360 all kinds of well, actually guys, for once this is not my 51 00:02:46,360 --> 00:02:48,040 fault. This is Nico's fault. 52 00:02:48,240 --> 00:02:51,520 So shouts out to the chat, making fun of Nico and not Opti 53 00:02:51,520 --> 00:02:53,440 this morning. But hey man, big fun of the 54 00:02:53,640 --> 00:02:55,360 show. Pile in because. 55 00:02:55,400 --> 00:02:56,800 I don't know what's here. We made it. 56 00:02:56,880 --> 00:02:58,440 We made it. We made it. 57 00:02:58,440 --> 00:03:00,920 As Nigel was saying, you guys need to lower your time for. 58 00:03:00,920 --> 00:03:03,720 No, no, we're we're, we want to hit our normal time guys. 59 00:03:03,720 --> 00:03:06,600 But hey, it's Monday. It's going to be a chaotic week. 60 00:03:06,600 --> 00:03:10,800 And hey, we showed up, so we're doing the best we can with what 61 00:03:10,800 --> 00:03:12,840 we got working today. Nico, Don't update your 62 00:03:12,840 --> 00:03:15,960 computers, bro. Yeah, don't don't update if you 63 00:03:15,960 --> 00:03:19,040 use restream on your Mac. Like, don't operate your 64 00:03:19,040 --> 00:03:22,800 operating system because it just messes everything up anyways. 65 00:03:23,040 --> 00:03:25,200 I do want. To talk to updating Ledger, 66 00:03:25,200 --> 00:03:28,960 right? Ledger makes a backdoor. 67 00:03:28,960 --> 00:03:31,120 Maybe. Maybe the new operating system 68 00:03:31,120 --> 00:03:32,440 that made a backdoor? I don't know. 69 00:03:32,440 --> 00:03:35,280 Who knows? Update Oh man, Don't update, 70 00:03:35,280 --> 00:03:36,400 don't update. That's for sure. 71 00:03:36,560 --> 00:03:38,800 So Opti was talking about it being a heptic week. 72 00:03:38,800 --> 00:03:43,280 Yes, simply Bitcoin is going to be traveling to Unconfiscatable 73 00:03:43,280 --> 00:03:45,760 in Las Vegas. We're going to be doing some 74 00:03:45,800 --> 00:03:48,840 awesome interviews with high profile speakers and I think 75 00:03:48,840 --> 00:03:50,680 we're gonna be also live streaming the conference as 76 00:03:50,680 --> 00:03:52,440 well. So we will be traveling. 77 00:03:52,440 --> 00:03:56,520 We might miss an episode or two. Just letting you guys know, but 78 00:03:56,520 --> 00:03:58,960 it overall it should be an awesome, awesome week. 79 00:03:59,200 --> 00:04:01,800 All right guys, no more delay. Let's jump straight into the 80 00:04:01,800 --> 00:04:03,080 show. We have a lot to talk about 81 00:04:03,080 --> 00:04:03,880 today. Let's check it out. 82 00:04:06,440 --> 00:04:10,200 The Bitcoin numbers. Is your Bitcoin and cold storage 83 00:04:10,200 --> 00:04:13,200 really secure? Is your seed phrase really 84 00:04:13,200 --> 00:04:14,760 secure? Stamp seeds? 85 00:04:14,760 --> 00:04:17,440 Do it yourself. Kit has everything you need to 86 00:04:17,440 --> 00:04:21,839 hammer your seed words into commercial grade titanium plates 87 00:04:22,040 --> 00:04:24,040 instead of just writing them on paper. 88 00:04:24,320 --> 00:04:27,520 Don't store your generational wealth on paper. 89 00:04:27,960 --> 00:04:30,480 Papers prone to water damage, fire damage. 90 00:04:30,640 --> 00:04:32,880 You want to put your generational wealth on one of 91 00:04:32,880 --> 00:04:36,000 the strongest metals on planet earth, Titanium. 92 00:04:36,000 --> 00:04:39,160 Your words are actually stamped into this metal plate with this 93 00:04:39,160 --> 00:04:42,600 hammer and these letter stamps. And once your words are in, they 94 00:04:42,600 --> 00:04:45,520 aren't going anywhere. No risk of the plate breaking 95 00:04:45,520 --> 00:04:47,920 apart and pieces falling everywhere. 96 00:04:48,120 --> 00:04:51,320 Titanium stamp seeds will survive nearly triple the heat 97 00:04:51,320 --> 00:04:53,840 produced by a house fire. They're also crush proof, 98 00:04:53,840 --> 00:04:56,520 waterproof, non corrosive, and time proof. 99 00:04:56,520 --> 00:04:59,200 All things that paper is not allowing you to huddle your 100 00:04:59,200 --> 00:05:02,200 Bitcoin with Peace of Mind for the long haul. 101 00:05:02,320 --> 00:05:10,760 Stamp your seed on stamp seed. But because restream is bugging 102 00:05:10,760 --> 00:05:13,760 for me. Yeah, your audio is a little 103 00:05:13,760 --> 00:05:15,840 weird. Too in the video description. 104 00:05:16,800 --> 00:05:20,240 Yeah, I I have no idea what's going on Opti. 105 00:05:20,240 --> 00:05:21,920 Let me know if you. Did this one keep it going? 106 00:05:22,760 --> 00:05:27,600 At the time of recording the Bitcoin price is 41,710 SATS per 107 00:05:27,600 --> 00:05:35,720 dollar 2398 block height 819,700 seven 167 blocks to having 108 00:05:35,720 --> 00:05:41,560 20,233 having estimate April 19, 2024 Total Lightning Network 109 00:05:41,560 --> 00:05:47,720 capacity 5041 Bitcoin capacity value roughly 210 million U.S. 110 00:05:47,720 --> 00:05:51,640 dollars Realized Monetary inflation 1.75% The market 111 00:05:51,640 --> 00:05:56,320 capitalization of Bitcoin $816 billion with the B almost at a 112 00:05:56,320 --> 00:05:57,720 trillion dollars. We're almost there. 113 00:05:57,880 --> 00:06:02,880 Bitcoin versus gold market cap 5.92% Definitely a definitely a 114 00:06:02,880 --> 00:06:09,400 big big big leg up. Anyways, this was an ad that 115 00:06:09,400 --> 00:06:14,560 dropped over the weekend or last week, and originally it was a 116 00:06:14,560 --> 00:06:18,760 Coinbase ad, but of course some bitcoiners hijacked the ad and 117 00:06:18,760 --> 00:06:22,240 made it a Bitcoin ad opti let me know if you can hear this 118 00:06:25,000 --> 00:06:28,920 system, Emma yeah? We're born into it, A system 119 00:06:28,920 --> 00:06:32,440 with numbers and papers and lines and waiting. 120 00:06:32,480 --> 00:06:34,200 You work. Hard Get good grades, Go to 121 00:06:34,200 --> 00:06:35,920 college. I want to go to college. 122 00:06:36,520 --> 00:06:38,440 I got good grades. I overachieved. 123 00:06:38,440 --> 00:06:40,960 That's right, she did. Debt is good. 124 00:06:41,000 --> 00:06:42,680 Debt. Is so good. 125 00:06:42,960 --> 00:06:45,920 So much debt. I can totally save up and. 126 00:06:46,280 --> 00:06:49,000 Buy a house and start a family. I want a family. 127 00:06:49,400 --> 00:06:52,320 Oh, Starting a family means you need two or three jobs. 128 00:06:52,800 --> 00:06:56,320 You can't afford to buy. Oh, you can't afford to rent. 129 00:06:56,400 --> 00:06:58,440 Used cars cost as much as the new ones. 130 00:06:58,640 --> 00:07:01,120 Oh, it's weird. Good debt is good. 131 00:07:01,200 --> 00:07:03,960 Ahead of my classes are too expensive, work hard, get good. 132 00:07:03,960 --> 00:07:06,280 The system did not rent. Is freaking interesting. 133 00:07:06,280 --> 00:07:08,360 Breaking news. Everything is terrible. 134 00:07:09,280 --> 00:07:12,400 Does it have to be this way? What if it was different? 135 00:07:12,440 --> 00:07:14,760 It's always been that way. We've got to build our way out 136 00:07:14,760 --> 00:07:15,960 of it. Yeah. 137 00:07:16,480 --> 00:07:18,800 Book control packed in the hands of the people. 138 00:07:18,960 --> 00:07:20,040 Not the. Bureaucracy. 139 00:07:20,240 --> 00:07:24,720 A system with less paperwork, no waiting, no lines permission 140 00:07:24,720 --> 00:07:26,920 less Just because. You're born into a system. 141 00:07:26,920 --> 00:07:28,400 Doesn't mean you have to live with it. 142 00:07:31,360 --> 00:07:36,280 So of course Bitcoiners hijacked that that that that ad. 143 00:07:36,280 --> 00:07:39,840 Originally it was a Coinbase ad. And then of course, Bitcoiners 144 00:07:39,840 --> 00:07:44,760 took the ad, took out the Coinbase logo, and then replaced 145 00:07:44,760 --> 00:07:47,640 it with a Bitcoin logo. So it was very, very fitting. 146 00:07:47,960 --> 00:07:50,600 But what I got to say about that is that, look, the overall 147 00:07:50,600 --> 00:07:53,200 messaging was on point. Like I think they correctly 148 00:07:53,200 --> 00:07:56,000 identified the problem. Now where I think they do a 149 00:07:56,000 --> 00:07:59,360 disservice is that they're just leading people into shit coins 150 00:07:59,360 --> 00:08:02,880 and saying, OK, shit coins are going to fix the solution versus 151 00:08:02,880 --> 00:08:05,040 what Bitcoiners know it's that you know it's Bitcoin or 152 00:08:05,040 --> 00:08:06,960 slavery. Bitcoin is the solution. 153 00:08:07,200 --> 00:08:09,560 And another thing that they said is like, we got to remove the 154 00:08:09,560 --> 00:08:11,360 bureaucracy, we got to remove the red tape. 155 00:08:11,360 --> 00:08:16,520 Look, if you opt out of Fiat currencies, you're replacing the 156 00:08:16,600 --> 00:08:20,280 your central banker with the shit coin developer because they 157 00:08:20,280 --> 00:08:24,480 have the ability to change the monetary policy at a moment's 158 00:08:24,480 --> 00:08:27,720 notice to benefit themselves at the expense of everyone else, 159 00:08:27,720 --> 00:08:30,880 right? So you know, again, I understand 160 00:08:30,880 --> 00:08:36,039 Coinbase, it's a public company. They put they bet behind, you 161 00:08:36,039 --> 00:08:38,080 know, they bet behind the shit coins. 162 00:08:38,559 --> 00:08:39,799 They're going to die on that hill. 163 00:08:39,799 --> 00:08:42,520 It is what it is. But This is why me, Maddox are 164 00:08:42,520 --> 00:08:45,200 so important. We were able to hijack it and 165 00:08:45,200 --> 00:08:49,160 put a Bitcoin logo at the end and you know, and get our 166 00:08:49,160 --> 00:08:51,400 message out that way. Anyways, I want to get Andre's 167 00:08:51,400 --> 00:08:54,120 take on this. Andre, what's your take? 168 00:08:54,120 --> 00:08:56,680 Especially on the messaging. The messaging of the ad was very 169 00:08:56,680 --> 00:08:59,760 powerful in my opinion. You know, I think the most 170 00:08:59,760 --> 00:09:03,240 important part is there are hordes of people that now 171 00:09:03,240 --> 00:09:08,440 understand the breaking news. Everything is terrible part and 172 00:09:09,080 --> 00:09:15,320 it's it's what's lacking is just that final step on understanding 173 00:09:15,320 --> 00:09:19,240 what the solution is. But they're coming and it was a 174 00:09:19,240 --> 00:09:22,560 magnificent ad actually. It was really good. 175 00:09:22,560 --> 00:09:26,520 And we're seeing the hordes just, you know, unpleased, 176 00:09:26,520 --> 00:09:32,200 unsettling. And here on the first world, you 177 00:09:32,200 --> 00:09:38,000 know, it takes longer because things are not so broken as as 178 00:09:38,000 --> 00:09:40,960 many other countries. So they get it first, which is 179 00:09:40,960 --> 00:09:45,680 actually an equalizer in itself. It's not a problem, but it will. 180 00:09:45,680 --> 00:09:47,800 It will eventually come and it's coming fast. 181 00:09:47,800 --> 00:09:49,920 And in in Europe, we feel it a lot. 182 00:09:49,920 --> 00:09:54,600 You know, everything's breaking. You know, the confidence in in 183 00:09:54,640 --> 00:09:58,640 in in the old hits in the government, it's it's never been 184 00:09:58,640 --> 00:10:01,760 so low. So it's coming and it's coming 185 00:10:01,760 --> 00:10:05,840 soon and we're here to help everyone on board the escape I. 186 00:10:06,800 --> 00:10:11,160 Understand that's that's the job of bitcoiners is we we have to 187 00:10:11,160 --> 00:10:14,880 show them the escape valve to use Christine Lagarde's own 188 00:10:14,880 --> 00:10:18,480 words to use the head of the European Central Bank, right. 189 00:10:19,400 --> 00:10:21,800 Anyways, Speaking of Christine. Because our best friend, 190 00:10:21,800 --> 00:10:24,800 actually, you know, she's just making everything faster. 191 00:10:24,800 --> 00:10:27,360 You know, did. You know that she dated Opti. 192 00:10:31,040 --> 00:10:33,320 Rather I tried to date her I. Tried. 193 00:10:33,400 --> 00:10:35,080 I bet. I bet you didn't see it coming. 194 00:10:35,080 --> 00:10:38,200 You know at the. Top Opti was trying to get as 195 00:10:38,200 --> 00:10:44,480 close as possible to the to the Contilionaire spigot and Opti. 196 00:10:44,480 --> 00:10:47,120 What happened between you guys? I don't know. 197 00:10:47,120 --> 00:10:49,720 I I think I'm too outside the Elverton window. 198 00:10:49,720 --> 00:10:51,840 Maybe. Maybe I'm too young. 199 00:10:51,840 --> 00:10:53,840 I don't know. You know, I tried. 200 00:10:54,000 --> 00:10:55,560 Did she dump you or you dumped her? 201 00:10:56,080 --> 00:11:00,440 Well, she belongs to the street, so I dumped her. 202 00:11:00,440 --> 00:11:03,440 You know, I I she she wouldn't let me get close to the money 203 00:11:03,440 --> 00:11:07,800 printer, so I had to escape and find my own exit route. 204 00:11:07,840 --> 00:11:09,600 But that's deep. That's deep anyway. 205 00:11:09,920 --> 00:11:11,400 What do you what do you what? Do you think? 206 00:11:11,560 --> 00:11:14,840 What do you think about the? Video Honestly, I I didn't see 207 00:11:14,840 --> 00:11:16,520 it until now. I saw everyone was talking about 208 00:11:16,520 --> 00:11:17,800 it on Twitter. I didn't know that was a 209 00:11:17,800 --> 00:11:22,840 Coinbase ad, but to be honest, that messaging is is very good 210 00:11:22,840 --> 00:11:25,840 and I hopefully it was Ronan who like, changed. 211 00:11:25,840 --> 00:11:26,920 I don't know what the end looked like. 212 00:11:26,920 --> 00:11:28,800 Maybe it like popped up Coinbase or something. 213 00:11:29,120 --> 00:11:33,040 You know, Coinbase has had some very bad ads for a while, but 214 00:11:33,040 --> 00:11:35,320 this one is very on point. It's kind of what we've been 215 00:11:35,320 --> 00:11:38,080 talking about here on the show for a long time, that the powers 216 00:11:38,080 --> 00:11:41,800 that be the the Cantillion insiders, the central bankers, 217 00:11:41,800 --> 00:11:46,400 the politicians, everyone that paints Bitcoin as being criminal 218 00:11:46,400 --> 00:11:49,680 or something to avoid, are really doing the best 219 00:11:49,680 --> 00:11:53,040 advertising for Bitcoin that we could even imagine. 220 00:11:53,040 --> 00:11:55,840 Because everything's getting more expensive, You know, 221 00:11:55,840 --> 00:11:59,960 they're getting more tyrannical. They're trying to stifle the 222 00:12:00,160 --> 00:12:01,840 freedom of speech. They're trying to stifle 223 00:12:01,840 --> 00:12:05,160 information. And look, you know, Bitcoin just 224 00:12:05,160 --> 00:12:09,640 hit 41 K Bitcoin is pumping. And so it's something you said 225 00:12:09,640 --> 00:12:12,480 to me a long time ago, Nico. It's like you can't hide the 226 00:12:12,480 --> 00:12:16,400 shock of inflation and now everyone is feeling it's 227 00:12:16,400 --> 00:12:18,360 becoming the defining conversation. 228 00:12:18,360 --> 00:12:20,560 Right now people are wondering what is going on with the money? 229 00:12:20,760 --> 00:12:23,400 What is going on with inflation? Why is everything getting more 230 00:12:23,400 --> 00:12:26,000 expensive? Why are why is shrink inflation 231 00:12:26,000 --> 00:12:28,280 a thing? Like, why are they printing more 232 00:12:28,280 --> 00:12:29,560 money? What is going on here? 233 00:12:29,560 --> 00:12:33,280 And so these are the questions that lead people to asking 234 00:12:33,280 --> 00:12:36,000 themselves what is money? What is the best money? 235 00:12:36,000 --> 00:12:40,440 What is Bitcoin? And now that Bitcoin is, I think 236 00:12:40,440 --> 00:12:44,000 officially in a bull run, at least by all metrics, we've 237 00:12:44,000 --> 00:12:45,840 probably been in a bull run all year. 238 00:12:45,840 --> 00:12:47,120 I know you guys have been yelling at me. 239 00:12:47,120 --> 00:12:49,640 It's like we've been in the bull run for the whole year. 240 00:12:49,640 --> 00:12:51,400 I know that. I think we're at like, what, 241 00:12:51,400 --> 00:12:55,960 150% price appreciation this year in Bitcoin alone. 242 00:12:56,600 --> 00:12:58,400 It's becoming very clear to everyone out there. 243 00:12:58,400 --> 00:13:02,200 It's like, wait, what is the problem and is there a solution? 244 00:13:02,200 --> 00:13:04,200 And this is what we talk about constantly on the show. 245 00:13:04,200 --> 00:13:07,880 Like, yo, if you're an average person of average means you 246 00:13:07,880 --> 00:13:11,640 can't save in dollars, life is getting more expensive, you're 247 00:13:11,640 --> 00:13:15,560 barely able to make ends meet, people are working two to three 248 00:13:15,560 --> 00:13:19,400 jobs and still living paycheck to paycheck, well, you might 249 00:13:19,400 --> 00:13:22,000 want to look for an alternative. And of course that alternative 250 00:13:22,000 --> 00:13:25,280 is Bitcoin. There is Bitcoin, and then there 251 00:13:25,280 --> 00:13:27,120 are shit coins and everything else is a shit coin in 252 00:13:27,120 --> 00:13:31,040 comparison to Bitcoin. And so, again, I've been saying 253 00:13:31,040 --> 00:13:33,720 this for a while, and I'm glad that Nico's finally getting 254 00:13:33,720 --> 00:13:37,280 stupidly bullish, you know, saying that we might not be 255 00:13:37,280 --> 00:13:39,080 seeing diminishing returns anymore. 256 00:13:39,120 --> 00:13:41,280 We're asking, we're asking the chat right now. 257 00:13:41,920 --> 00:13:44,480 About 86 of you have already voted. 258 00:13:45,480 --> 00:13:48,400 Does diminishing returns break this cycle? 259 00:13:48,400 --> 00:13:52,640 56% of you said yes, it does. I'm going to pass it on to 260 00:13:52,640 --> 00:13:54,160 Andre. Andre, do you believe in the 261 00:13:54,160 --> 00:13:57,080 diminishing returns theory? I don't know. 262 00:13:57,080 --> 00:13:59,160 I believe that this one always surprises you. 263 00:13:59,320 --> 00:14:04,480 So I wouldn't bet on any any of any of the outcomes. 264 00:14:04,520 --> 00:14:09,640 I'm you know, I just believe in the low long term perspective on 265 00:14:09,640 --> 00:14:12,840 the thing and there it will break everything. 266 00:14:12,840 --> 00:14:17,800 As a seller put it, all models are destroyed and it will 267 00:14:17,800 --> 00:14:20,920 eventually break everything but on a good way. 268 00:14:20,960 --> 00:14:25,760 So, and it's not the first time that cheap corners do good ads. 269 00:14:25,760 --> 00:14:28,680 I still remember FTX on the golden bowl or whatever it was. 270 00:14:28,800 --> 00:14:31,880 It was kind of funny and it was on point at the time as well. 271 00:14:32,640 --> 00:14:34,880 Yeah. We all know why it ended up but. 272 00:14:36,040 --> 00:14:39,080 Oh man, I I do remember that. Yeah, dude, the shit corner, 273 00:14:39,080 --> 00:14:41,240 man. We we got to step up our game as 274 00:14:41,240 --> 00:14:43,680 bitcoiners and get. On this good parking department, 275 00:14:43,680 --> 00:14:44,920 man, they're good at it. So it's. 276 00:14:45,640 --> 00:14:47,240 They're really good. They're really good at it. 277 00:14:47,240 --> 00:14:49,600 I mean, I was literally joking with Nico the other day. 278 00:14:49,600 --> 00:14:53,680 I was watching a a football game by chance and it was like 279 00:14:53,680 --> 00:14:55,960 blockchain.com all around the arena. 280 00:14:55,960 --> 00:14:59,600 I'm like, yo, like these shit corners are everywhere, man. 281 00:14:59,600 --> 00:15:01,640 Like we need to get some of that shit coin money. 282 00:15:01,640 --> 00:15:03,400 If only we didn't have principles, man. 283 00:15:04,720 --> 00:15:07,000 They're everywhere. You know, in Europe we are, you 284 00:15:07,000 --> 00:15:11,400 know, big, big football fans. There's shit corners on almost 285 00:15:11,400 --> 00:15:14,040 every shirt. Even my, my, my favorite team in 286 00:15:14,040 --> 00:15:16,720 Portugal, they have been ants here. 287 00:15:18,320 --> 00:15:20,800 I don't know if people know this as well, but Cristiano Ronaldo, 288 00:15:20,800 --> 00:15:24,600 for example, is from the data. And you know, actually there was 289 00:15:24,640 --> 00:15:27,360 a couple of news today or yesterday that is being sued. 290 00:15:30,280 --> 00:15:34,560 So you lay your own bed, man. You'll eventually learn. 291 00:15:34,560 --> 00:15:42,400 So it's good. Oh man. 292 00:15:42,560 --> 00:15:44,400 All right, Opti, let's jump straight into the culture. 293 00:15:44,400 --> 00:15:46,720 We could talk about Bitcoin Atlantis, and then we'll hit the 294 00:15:46,720 --> 00:15:48,200 news. We'll talk about Adam Back's 295 00:15:48,200 --> 00:15:51,040 crazy price prediction in the news in the segment after that. 296 00:15:51,200 --> 00:15:54,880 But first, I do want to give a shout out After Bitcoin 2024, 297 00:15:54,880 --> 00:15:57,640 it's going to be the largest Bitcoin conference of the year. 298 00:15:57,640 --> 00:16:00,960 It's going to be hosted in Nashville, TN, July 25th through 299 00:16:00,960 --> 00:16:02,800 the 24th. Opti and I are going to be 300 00:16:02,800 --> 00:16:05,080 there. You can get your tickets now. 301 00:16:05,080 --> 00:16:08,840 Aga ticket is 349, an Industry pass. 302 00:16:08,840 --> 00:16:12,160 The prices did go up. I've been warning you guys, the 303 00:16:12,160 --> 00:16:16,400 Industry Pass did go up to 1099. The Industry Pass gives you 304 00:16:16,480 --> 00:16:21,320 access to three days of the conference and the VIP Pass. 305 00:16:21,320 --> 00:16:24,640 The Whale Pass gives you access to three days of the conference 306 00:16:24,720 --> 00:16:28,200 and exclusive access to the Backstage VIP Lounge. 307 00:16:28,400 --> 00:16:31,280 I got to meet Tulsi Gabbard back backstage last year. 308 00:16:31,400 --> 00:16:35,360 You can get yourself AVIP ticket for 4999. 309 00:16:35,480 --> 00:16:39,320 You can use the promo code simply to get a major discount 310 00:16:39,320 --> 00:16:42,400 to Bitcoin 2024. Get your tickets quickly before 311 00:16:42,400 --> 00:16:45,000 the prices increase again. All right, everybody, let's hit 312 00:16:45,000 --> 00:16:54,080 the news. The Daily Culture. 313 00:16:54,880 --> 00:16:59,040 Brought to you by Swan bitcoin.com Swan is the best way 314 00:16:59,040 --> 00:17:02,360 to build your Bitcoin stack with automated Bitcoin savings plans 315 00:17:02,360 --> 00:17:07,079 and instant purchases serving clients of any size from $10 to 316 00:17:07,079 --> 00:17:09,800 $10 million. We love Swan because they 317 00:17:09,800 --> 00:17:13,319 incentivize self custody and dollar cost averaging. 318 00:17:13,480 --> 00:17:17,480 What are you waiting for? Visit swanbitcoin.com today. 319 00:17:18,319 --> 00:17:22,440 Let's go. So I got this, Nika. 320 00:17:22,920 --> 00:17:25,119 I got this. You're you're you're you're 321 00:17:25,119 --> 00:17:26,640 getting lost in the matrix right now. 322 00:17:27,640 --> 00:17:32,160 All right, so, Andre, you've been talking about Madera 323 00:17:32,280 --> 00:17:37,080 Portugal, and we will get to the Bitcoin Atlantis at the end of 324 00:17:37,080 --> 00:17:38,600 this. But let's start with your first 325 00:17:38,600 --> 00:17:40,600 project. What is freemadera.com? 326 00:17:40,600 --> 00:17:43,760 What are you working on? Well, you cannot disconnect the 327 00:17:43,760 --> 00:17:47,040 project the free meter from the conference because free meter 328 00:17:47,040 --> 00:17:49,840 organizes the conference and it's part of the objectives as 329 00:17:49,840 --> 00:17:52,080 well. But yeah, free meter is in the 330 00:17:52,080 --> 00:17:55,920 basis of it all. It's a, it's a non profit. 331 00:17:55,920 --> 00:18:03,640 So basically it was set up to for the high, you know, level of 332 00:18:03,640 --> 00:18:08,320 adoption and and education of all Bitcoin touches in our 333 00:18:08,320 --> 00:18:12,400 region in our archipelago. And we have a lot of plans. 334 00:18:12,400 --> 00:18:13,680 You know, Bitcoin touches everything. 335 00:18:13,680 --> 00:18:16,960 So it goes from education to remittances. 336 00:18:16,960 --> 00:18:19,960 We have a big diaspora outside of Madar as well, a big 337 00:18:19,960 --> 00:18:24,440 connection to Venezuela and other places energy. 338 00:18:24,440 --> 00:18:27,760 We're working with the public power company on educating them 339 00:18:27,760 --> 00:18:30,720 to integrate mining and other, you know, other parts of the 340 00:18:30,720 --> 00:18:35,160 technology in their services. We're creating a Bitcoin 341 00:18:35,160 --> 00:18:39,160 business hub where we'll have the free Madar headquarters, the 342 00:18:39,160 --> 00:18:42,160 meet ups, the podcast, the you know sovereign engineering 343 00:18:42,160 --> 00:18:45,840 projects, so educational projects inside and and 344 00:18:45,840 --> 00:18:49,720 especially a place where Bitcoin companies can incorporate work 345 00:18:49,720 --> 00:18:52,320 from there with a Co working space, you know private offices 346 00:18:52,320 --> 00:18:56,320 and so on. So many, many good long term 347 00:18:56,320 --> 00:18:58,360 projects that we're trying to establish. 348 00:18:58,360 --> 00:19:03,000 Some of them are already, you know, full on, some are still on 349 00:19:03,000 --> 00:19:05,200 the planning. But there's many, many good 350 00:19:05,200 --> 00:19:09,040 goals for for the for the overall organization And my dad, 351 00:19:09,040 --> 00:19:11,160 of course. Awesome. 352 00:19:11,320 --> 00:19:12,000 Love it. Love it. 353 00:19:12,000 --> 00:19:15,840 OK, so let's just jump straight into Bitcoin Atlantis for those 354 00:19:15,840 --> 00:19:20,000 listening in audio. How is Bitcoin Atlantis shaping 355 00:19:20,000 --> 00:19:20,760 up? When is it? 356 00:19:20,760 --> 00:19:22,920 What can people expect? All that good stuff. 357 00:19:24,280 --> 00:19:27,600 No, I was shaping up, shaping up to be a great week in Madara. 358 00:19:27,600 --> 00:19:31,400 You know since we decided to do it, it grew. 359 00:19:31,400 --> 00:19:34,880 It became this monster conference that we're doing in a 360 00:19:34,880 --> 00:19:40,160 stadium in downtown for Shaw. We're hoping to get 5000 people. 361 00:19:40,160 --> 00:19:42,080 Things are going very well on ticket sales. 362 00:19:42,080 --> 00:19:44,480 So we're, we're probably almost there. 363 00:19:44,920 --> 00:19:49,000 And yeah, we because of our Advisory Board that we have at 3 364 00:19:49,000 --> 00:19:52,680 Madara, you know, with people like Jeff Booth and Tracross and 365 00:19:52,680 --> 00:19:57,640 Samson and Obi and you know, so many good people helping us, we 366 00:19:57,640 --> 00:20:03,160 were able to reach out to this long list of of speakers that 367 00:20:03,160 --> 00:20:07,840 are already on board. We have many, actually many more 368 00:20:07,840 --> 00:20:09,720 news to give on the following months. 369 00:20:09,720 --> 00:20:12,120 There's a lot more that you can see on the page right now. 370 00:20:13,480 --> 00:20:15,160 But of course we have all the big names. 371 00:20:15,160 --> 00:20:17,840 Jack Dorsey, Michael Seller, Jack Mahler, Jeff Boots. 372 00:20:17,840 --> 00:20:21,840 You know, list goes on. Add them back Giacomo Obi, I 373 00:20:21,840 --> 00:20:25,000 don't know. There's over 120 speakers 374 00:20:25,000 --> 00:20:31,640 confirmed and that will be on the 2 main stages, the Mainstage 375 00:20:31,640 --> 00:20:34,280 and the open source stage. But for in our view it's also a 376 00:20:34,680 --> 00:20:37,600 a mainstage because a lot of good conversation is going to 377 00:20:37,600 --> 00:20:42,920 happen there and and a bunch I mean a serious bunch of 378 00:20:42,920 --> 00:20:46,480 satellite events that we can speak in more detail. 379 00:20:46,480 --> 00:20:49,560 But it's going to be a full week of activities in in in the 380 00:20:49,560 --> 00:20:53,920 island and in the venue and in many other smaller venues around 381 00:20:53,920 --> 00:20:57,920 and even some nature ones not related to you know to to 382 00:20:57,920 --> 00:21:00,400 Bitcoin itself, parties and music festival. 383 00:21:00,400 --> 00:21:05,880 The list goes on because we we decided from start, you know, 384 00:21:05,880 --> 00:21:11,200 but but that is a is already a very, oh can I say a very known 385 00:21:11,600 --> 00:21:14,720 touristic destination and an amazing place to to spend the 386 00:21:14,720 --> 00:21:17,720 vacation. So we decided to make it a full 387 00:21:17,720 --> 00:21:22,360 week and if people are coming to Madera, why not spend some 388 00:21:22,360 --> 00:21:24,960 vacations. So we invite people to come a 389 00:21:24,960 --> 00:21:28,040 few days before, go a few days after and get to know the 390 00:21:28,120 --> 00:21:30,400 island. There will be a lot of 391 00:21:30,400 --> 00:21:34,000 activities of nature like boat trips and hiking and many other 392 00:21:34,400 --> 00:21:37,520 things to do. So just, you know, treat it as a 393 00:21:37,520 --> 00:21:40,160 vacation with the family and, you know, with an amazing 394 00:21:40,160 --> 00:21:43,000 conference in the middle of it. Love it. 395 00:21:43,000 --> 00:21:43,680 Love it. OK. 396 00:21:43,680 --> 00:21:47,600 For the audio listeners go Mika, I can hear you give. 397 00:21:47,600 --> 00:21:48,840 Me an update? Am I coming in clear? 398 00:21:49,160 --> 00:21:50,000 OK, Yeah. Yeah. 399 00:21:50,000 --> 00:21:50,440 Yeah. I don't. 400 00:21:50,440 --> 00:21:52,480 Know guys, don't update your computer. 401 00:21:53,120 --> 00:21:56,920 So yeah, you can use promo code simply right now and it will 402 00:21:56,920 --> 00:22:00,200 give you AI. Think it's a 10% discount if you 403 00:22:00,200 --> 00:22:03,320 guys want to get your tickets to Bitcoin Atlantis? 404 00:22:03,960 --> 00:22:08,920 And Maleida, Opti, yeah, yeah, I just want for the audio 405 00:22:08,920 --> 00:22:12,520 listeners, Andre, when exactly is this conference? 406 00:22:13,160 --> 00:22:17,080 So do the conference. The main days are 1-2 and three 407 00:22:17,080 --> 00:22:20,480 of March. That's Friday, Saturday, Sunday. 408 00:22:21,720 --> 00:22:23,840 But the events start three days before. 409 00:22:24,880 --> 00:22:27,400 I think the first main event is a golf championship. 410 00:22:28,520 --> 00:22:30,360 We're calling it the whole corner. 411 00:22:30,840 --> 00:22:34,800 So for every golf aficionado, it could come three days before 412 00:22:34,800 --> 00:22:39,520 this amazing golf course that we have in the mountains, beautiful 413 00:22:39,520 --> 00:22:42,720 views. It's going to be a fun day with 414 00:22:43,160 --> 00:22:46,040 finishing with the launch and some SAT surprises and so on. 415 00:22:47,520 --> 00:22:50,560 And then there's many, many others like we on the 28th, we 416 00:22:50,560 --> 00:22:53,960 already and we have some partner satellite events. 417 00:22:53,960 --> 00:22:57,600 So excuse me if I forget some, but we'll have me premier 418 00:22:57,600 --> 00:23:00,880 Bitcoin with a with an event previous to the conference. 419 00:23:01,680 --> 00:23:04,800 We're going to have the Raspy Blitz guy with the with the guys 420 00:23:04,800 --> 00:23:06,840 with another event. We're going to have a women's 421 00:23:06,840 --> 00:23:09,320 branch. We're going to have the mega 422 00:23:09,320 --> 00:23:13,440 pleb dinner that I'm just you're just scrolling by On Sunday 423 00:23:13,440 --> 00:23:17,600 we're going to have the Atlas Music Festival on a very cool 424 00:23:17,600 --> 00:23:20,280 park near the main venue. It's going to be headlined by 425 00:23:20,480 --> 00:23:23,600 Theo Katzman. We're going to have a special 426 00:23:23,600 --> 00:23:27,400 meet up on mini design Center, a very cool place in the port of 427 00:23:27,400 --> 00:23:29,920 Rochelle. We're going to have the pitch 428 00:23:29,920 --> 00:23:35,080 day, the so a start up slash VC day for presentation of new 429 00:23:35,080 --> 00:23:40,320 Bitcoin companies. We're going to have the Welcome 430 00:23:40,320 --> 00:23:43,120 to Bitcoin So a noob day before the conference starts. 431 00:23:43,960 --> 00:23:48,200 One day before the conference starts on the 29th, just for for 432 00:23:48,200 --> 00:23:53,440 newbies, 100% in Portuguese. Well, what? 433 00:23:53,440 --> 00:23:55,480 More boat trips? Pleb walks? 434 00:23:55,480 --> 00:23:59,080 You were going to have the half in the seaside run for running 435 00:23:59,080 --> 00:24:05,880 aficionados. So many things that I'm probably 436 00:24:05,880 --> 00:24:08,400 skipping a few. That's going to be awesome. 437 00:24:08,400 --> 00:24:12,200 Yeah man, I'm, I'm just guys, definitely get your tickets to 438 00:24:12,240 --> 00:24:14,720 Bitcoin Atlantis. Do the prices go up as time 439 00:24:14,720 --> 00:24:18,960 progresses, Andre? Yes, next increase and final 440 00:24:18,960 --> 00:24:22,000 increase is we didn't, we didn't do a do a lot just you know 441 00:24:22,000 --> 00:24:24,880 quarterly. So the next one is on the 1st of 442 00:24:24,880 --> 00:24:27,960 January by by, so buy your tickets this year still. 443 00:24:28,600 --> 00:24:30,680 Yep, buy your tickets this year guys. 444 00:24:30,680 --> 00:24:34,680 You could check out the link in the video description and use 445 00:24:34,680 --> 00:24:38,600 promo code simply and that will get you a 10%. 446 00:24:38,600 --> 00:24:40,560 By the way, Nico, be before we move. 447 00:24:40,680 --> 00:24:44,440 On Atlanta simulated, Yeah. Andre, what? 448 00:24:44,440 --> 00:24:48,720 What exactly is the response to Bitcoin in Madera? 449 00:24:48,720 --> 00:24:50,240 Like? Is it known? 450 00:24:50,240 --> 00:24:51,880 How? How do people look at Bitcoin 451 00:24:51,880 --> 00:24:54,240 over there? Well, it's still like most 452 00:24:54,240 --> 00:24:55,960 places. I would say the majority is 453 00:24:55,960 --> 00:25:01,640 still very far away either they a lot of people still think it's 454 00:25:01,640 --> 00:25:05,000 a scam of course, and a lot of people are involved involved in 455 00:25:05,000 --> 00:25:08,200 shit coiner as well. You know the spirit, Cristiano 456 00:25:08,200 --> 00:25:11,760 Ronaldo endorses shit coins. So it's it's hard. 457 00:25:11,760 --> 00:25:16,520 We're starting from the bottom but we are, we are very, very 458 00:25:16,520 --> 00:25:20,000 surprised not only for the community that already 459 00:25:20,000 --> 00:25:24,320 established here in Mulatt, it's becoming quite big actually a 460 00:25:24,760 --> 00:25:29,840 lot of businesses and families, some of them already here, some 461 00:25:29,840 --> 00:25:32,440 on our way some already you know very interested. 462 00:25:32,440 --> 00:25:37,080 We we've been getting messages every days and and I was very 463 00:25:37,080 --> 00:25:43,000 surprised since we started the open the the merchants trying to 464 00:25:43,000 --> 00:25:46,080 get merchants on board. When we confirmed the conference 465 00:25:46,080 --> 00:25:51,360 and really wanted to push it. I was very surprised by how many 466 00:25:51,360 --> 00:25:54,600 people just on board and Bitcoin without even blinking of an eye. 467 00:25:54,600 --> 00:25:58,200 You know I was very surprised and we're growing the we're 468 00:25:58,200 --> 00:26:00,880 growing numbers every day. We're being almost like Bitcoin 469 00:26:00,880 --> 00:26:03,760 we're we're a full round of merchant adoption here in Madaha 470 00:26:03,760 --> 00:26:06,840 now. So I think the perspectives are 471 00:26:06,840 --> 00:26:09,600 very, very good. Love it, love it. 472 00:26:09,600 --> 00:26:14,040 And I I think it just kind of goes what what your goal is with 473 00:26:14,040 --> 00:26:17,600 the conference to onboard NOOBS and of course bring bitcoiners 474 00:26:17,600 --> 00:26:22,520 to your lovely, lovely island. It's a it's a very it's a golden 475 00:26:22,520 --> 00:26:28,040 opportunity to increase the education by 5 by tenfold. 476 00:26:28,600 --> 00:26:30,560 You know people get a lot more curious. 477 00:26:30,560 --> 00:26:33,400 We have big names it's going to put a lot of movement like but 478 00:26:33,400 --> 00:26:36,680 that is not that big and the main city for shell is a medium 479 00:26:36,680 --> 00:26:40,120 sized city so you can imagine 5000 bitcoiners in a week and 480 00:26:40,120 --> 00:26:42,520 Don Don for shell is going to be completely crazy. 481 00:26:43,080 --> 00:26:47,240 So of course it pushes the awareness and and one of our 482 00:26:47,240 --> 00:26:50,600 goals, we have a Layer 1 ticket just for residents quite cheap, 483 00:26:50,600 --> 00:26:54,960 So very cheap for locals to to for the curious locals to to 484 00:26:54,960 --> 00:26:58,200 come to learn. And I think a lot of them will 485 00:26:58,200 --> 00:27:02,800 be surprised because they're going to be very surprised that 486 00:27:02,800 --> 00:27:05,360 they go to the conference and almost nobody's going to pick 487 00:27:05,480 --> 00:27:07,200 speak about price. So it's going to be very 488 00:27:07,200 --> 00:27:09,920 technical, very, you know, we're going to speak about energy, 489 00:27:09,920 --> 00:27:12,280 about macroeconomics, about a lot of stuff. 490 00:27:12,280 --> 00:27:15,360 And they'll be surprised and hopefully learn why become is so 491 00:27:15,360 --> 00:27:18,400 different from everything else that they're being, you know, 492 00:27:18,560 --> 00:27:22,320 slapped in the face every day. Yeah, I love it. 493 00:27:22,320 --> 00:27:23,320 Love it. All right. 494 00:27:23,320 --> 00:27:26,720 Well Nico, I think your audio is doing well, so. 495 00:27:26,880 --> 00:27:29,560 Am I back? All right guys, before we get to 496 00:27:29,560 --> 00:27:34,920 the news, I do our sponsor. They're the most trusted place 497 00:27:34,920 --> 00:27:37,520 to buy, sell and host mining equipment. 498 00:27:38,040 --> 00:27:40,600 You could check out the link in the video description and it 499 00:27:40,600 --> 00:27:44,120 will take you directly to the Kaboom racks inventory on 500 00:27:44,120 --> 00:27:46,440 Telegram where you can connect with the member of their sales 501 00:27:46,440 --> 00:27:47,920 team. They make purchasing their 502 00:27:47,920 --> 00:27:51,160 products easy and transparent. You could also sell mining 503 00:27:51,160 --> 00:27:54,720 equipment with them access their vast network of domestic and 504 00:27:54,720 --> 00:27:57,600 international customers. 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They built a premium grade 513 00:28:21,640 --> 00:28:25,080 hardware wallet called Passport right here in the US. 514 00:28:25,080 --> 00:28:27,480 It's fully open source and verifiable. 515 00:28:27,640 --> 00:28:31,120 It's the most intuitive Bitcoin wallet designed with the UX, 516 00:28:31,120 --> 00:28:34,880 reminiscent of a simple feature phone so you will know how to 517 00:28:34,880 --> 00:28:37,080 navigate it and use it the moment you pick it up. 518 00:28:37,440 --> 00:28:40,680 Get your Bitcoin off exchanges and into your into your own 519 00:28:40,680 --> 00:28:43,520 hands in just a few minutes. Experience the Peace of Mind 520 00:28:43,520 --> 00:28:46,160 that comes with taking ownership of your own keys. 521 00:28:46,320 --> 00:28:50,920 After a massive sell out during Bitcoin Miami 2023, the passport 522 00:28:50,920 --> 00:28:53,800 is back in stock at foundationdevices.com. 523 00:28:54,120 --> 00:28:56,640 Bitcoin only. Open source, Verifiable 524 00:28:56,720 --> 00:29:00,240 completely Air gap security model, gorgeous design, craft 525 00:29:00,280 --> 00:29:03,160 premium grade materials. If you're thinking about getting 526 00:29:03,160 --> 00:29:05,800 your Bitcoin off exchange changes, this is the one for 527 00:29:05,800 --> 00:29:07,840 you. Check out the passport link in 528 00:29:07,840 --> 00:29:09,840 the show notes below to learn more. 529 00:29:14,560 --> 00:29:18,880 Nika Updating my back? Yeah, opt in. 530 00:29:18,880 --> 00:29:20,400 My back. My God, I don't know. 531 00:29:20,400 --> 00:29:22,520 Yes, yes, yes. You upgrade your Mac. 532 00:29:22,600 --> 00:29:25,120 Don't upgrade your Macbooks. Everybody okay. 533 00:29:25,120 --> 00:29:29,160 You could check the video. You could check the link in the 534 00:29:29,160 --> 00:29:31,920 video description. It will take you directly to the 535 00:29:32,000 --> 00:29:34,480 Passport Foundation devices website. 536 00:29:34,480 --> 00:29:36,680 We can get yourself a Passport hardware wallet, guys. 537 00:29:36,680 --> 00:29:40,800 Remember, not your keys, not your Bitcoin. 538 00:29:41,000 --> 00:29:44,320 All right everybody. So a crazy prediction by Adam 539 00:29:44,320 --> 00:29:49,480 Back basically saying calling for $100,000 Bitcoin by the 540 00:29:49,480 --> 00:29:52,760 having he made that famous bet with the Kingo. 541 00:29:52,840 --> 00:29:55,680 But I think he was feeling extremely bullish because he 542 00:29:55,680 --> 00:29:58,960 made another he made another prediction last night, basically 543 00:29:58,960 --> 00:30:02,520 saying that by this having and and Samson Mao and him were 544 00:30:02,520 --> 00:30:06,120 going back and forth, by this having, there's a possibility 545 00:30:06,240 --> 00:30:09,560 that we might see $700,000 Bitcoin. 546 00:30:09,560 --> 00:30:13,720 Why $700,000 Bitcoin? He is saying that Bitcoin might 547 00:30:14,000 --> 00:30:17,600 flip the price of gold. Now something crazy is 548 00:30:17,600 --> 00:30:21,000 happening. Look we're really not that far 549 00:30:21,000 --> 00:30:25,720 off from the previous all time high about 50%. 550 00:30:25,720 --> 00:30:30,120 It's according to this this trading view statistic. 551 00:30:30,400 --> 00:30:32,440 This is going absolutely parabolic. 552 00:30:32,440 --> 00:30:35,680 This is not at all what happened last cycle. 553 00:30:36,160 --> 00:30:39,640 So things are just things are heating up and especially it's 554 00:30:39,840 --> 00:30:43,400 it's not even the Bitcoin having yet And I think the reason for 555 00:30:43,400 --> 00:30:46,080 all this and of course we're speculating there's no way to 556 00:30:46,080 --> 00:30:52,160 know this for sure is for two reasons primarily. 557 00:30:53,120 --> 00:30:56,480 Primarily the reason number one is the Bitcoin ETF. 558 00:30:56,840 --> 00:30:59,800 A lot of people are getting excited because of the Bitcoin 559 00:30:59,800 --> 00:31:04,640 ETF and because of the potential inflows coming into Bitcoin with 560 00:31:04,760 --> 00:31:08,360 all this institutional money coming in. 561 00:31:08,640 --> 00:31:13,200 That's reason #1 and reason #2, and I think the the the more 562 00:31:13,200 --> 00:31:17,320 important reason in my opinion is that Michael Saylor is in the 563 00:31:17,320 --> 00:31:19,560 green. His average price per bitcoins 564 00:31:19,560 --> 00:31:22,440 around 30,000. And Naimbu Kelly this morning, 565 00:31:22,440 --> 00:31:24,160 which is what we're going to talk about on tomorrow's 566 00:31:24,160 --> 00:31:28,520 episode, tweeted out that El Salvador is now in the green as 567 00:31:28,520 --> 00:31:32,800 well as the price of Bitcoin is at $40,000 per coin. 568 00:31:33,120 --> 00:31:37,040 That's two massive deals on the public company level. 569 00:31:37,040 --> 00:31:40,840 Michael Saylor has proven that Bitcoin is not only in a viable 570 00:31:40,840 --> 00:31:44,040 alternative to holding Fiat, but is a better alternative. 571 00:31:44,400 --> 00:31:47,320 And then on the country, on the nation state level, Naeem Bukele 572 00:31:47,320 --> 00:31:51,760 is proving that Bitcoin again is not only a viable alternative to 573 00:31:51,760 --> 00:31:55,160 Fiat currencies, but it it is a better alternative. 574 00:31:55,160 --> 00:32:00,240 Clearly El Salvador's Bitcoin strategy is winning and that's 575 00:32:00,240 --> 00:32:03,840 in complete contradiction to what the IMF predicted because 576 00:32:03,840 --> 00:32:08,840 the IMF was hit El Salvador with all this legacy media propaganda 577 00:32:08,840 --> 00:32:12,080 attacks using the corporate media saying this is going to be 578 00:32:12,080 --> 00:32:14,520 terrible for your economy, your economy is going to collapse. 579 00:32:14,960 --> 00:32:19,840 And then with Argentina, when the IMF gave Argentina another 580 00:32:19,840 --> 00:32:22,360 bailout, one of the conditions was that the Argentine 581 00:32:22,360 --> 00:32:26,400 government had to de incentivize the adoption of Bitcoin and 582 00:32:26,400 --> 00:32:29,760 crypto, right? So the IMF, the predictions that 583 00:32:29,760 --> 00:32:32,000 they made, they got it absolutely wrong. 584 00:32:32,120 --> 00:32:36,480 Now it's undeniable that Nayeem Bukele with the Bitcoin law made 585 00:32:36,480 --> 00:32:40,160 the right decision. And I think because they fix the 586 00:32:40,160 --> 00:32:43,320 base layer of society, I think you see, you're seeing El 587 00:32:43,320 --> 00:32:46,360 Salvador flourish. You're seeing El Salvador 588 00:32:46,440 --> 00:32:49,360 improve. Maybe it's too early to tell, 589 00:32:49,680 --> 00:32:53,000 but as a bitcoiner who has adopted a Bitcoin standard for 590 00:32:53,440 --> 00:32:57,040 about 6-7 years now, I could tell you that it's completely 591 00:32:57,040 --> 00:32:58,160 changed my life. It's improved. 592 00:32:58,160 --> 00:33:00,160 My life could say the same thing about Opti. 593 00:33:00,240 --> 00:33:02,600 I could say the same thing about everyone who's really adopted a 594 00:33:02,600 --> 00:33:05,200 Bitcoin standard. Anyways, this is Adam Back. 595 00:33:05,200 --> 00:33:07,320 This is his prediction. I think he was feeling bullish 596 00:33:07,320 --> 00:33:09,840 last night with the price of Bitcoin flying. 597 00:33:09,960 --> 00:33:12,720 He said digital gold. Bitcoin will surely flip 598 00:33:12,920 --> 00:33:18,480 physical gold sooner or later, and probably this having cycle. 599 00:33:18,640 --> 00:33:23,040 So within a year or two currently I would take 700,000, 600 00:33:23,440 --> 00:33:27,040 seven, 700K Bitcoin. But it may be partially a 601 00:33:27,080 --> 00:33:29,560 substitute. Some people start selling gold 602 00:33:29,560 --> 00:33:33,480 to buy Bitcoin crossing the market cap below that, right. 603 00:33:33,600 --> 00:33:36,960 And of course we always read you this on Clark Moody's dashboard 604 00:33:36,960 --> 00:33:40,760 and we do it on purpose Bitcoin versus the gold market cap and 605 00:33:40,760 --> 00:33:45,960 it's at 5.91%. So I think when we started 606 00:33:45,960 --> 00:33:50,160 covering this, it was in the 3%. So it still has a while to 607 00:33:50,160 --> 00:33:52,320 climb. But I mean, look, someone who 608 00:33:52,320 --> 00:33:56,440 was, who was cited in the Satoshi in the Bitcoin white 609 00:33:56,440 --> 00:34:00,800 paper making these types of bullish predictions, I mean, 610 00:34:01,480 --> 00:34:04,200 something might be happening there and I'll get to why. 611 00:34:04,200 --> 00:34:06,640 I think it starts to make a little bit more sense. 612 00:34:06,640 --> 00:34:10,840 So here's Vijay Boyapati. He wrote the very, very, very 613 00:34:10,840 --> 00:34:14,400 famous piece that went absolutely viral, that it was 614 00:34:14,400 --> 00:34:18,239 eventually turned into a book. I think he might be speaking at 615 00:34:18,239 --> 00:34:23,320 Bitcoin Atlantis, I think, which is the bullish case for Bitcoin. 616 00:34:23,760 --> 00:34:26,120 And he says Bitcoin all time high before the halving. 617 00:34:26,120 --> 00:34:29,480 For the first time ever, Adam Back responded with that's what 618 00:34:29,480 --> 00:34:33,400 I've been saying. My bet is 100K Bitcoin before 619 00:34:33,400 --> 00:34:37,280 the halving. So Adam Back is feeling bullish 620 00:34:37,280 --> 00:34:40,400 to say the least. On the other side of things, 621 00:34:41,199 --> 00:34:44,960 here is Opti's ex-girlfriend, Christine Lagarde, and here is a 622 00:34:44,960 --> 00:34:48,600 tweet by the European Central Bank just to contrast both 623 00:34:48,600 --> 00:34:50,719 things. International cooperation has 624 00:34:50,760 --> 00:34:54,719 brought indisputable benefits, but mistrust has grown among 625 00:34:54,719 --> 00:34:57,720 citizens, says optis ex-girlfriend Christine Lagarde. 626 00:34:57,960 --> 00:35:02,240 To respond, policymakers need to focus on citizens, priorities 627 00:35:02,600 --> 00:35:05,640 and lead with courage while being held accountable. 628 00:35:05,640 --> 00:35:08,360 What about being held accountable for all of that 629 00:35:08,360 --> 00:35:10,880 money printing? Why do they keep gaslighting us? 630 00:35:11,080 --> 00:35:15,960 Why do they keep trying to shove CBD CS down our throats? 631 00:35:15,960 --> 00:35:17,720 Right. So again, I think this is the 632 00:35:17,720 --> 00:35:20,800 another definition of gaslighting. 633 00:35:20,800 --> 00:35:23,160 Just gaslighting right up in your grill. 634 00:35:23,320 --> 00:35:27,320 OK, so Adam Back is predicting these crazy things, right? 635 00:35:27,600 --> 00:35:28,960 That's what I've been saying, 100K. 636 00:35:28,960 --> 00:35:32,760 Boy, the halving and he's predicting 700K Bitcoin. 637 00:35:32,920 --> 00:35:34,960 This having cycle. You guys know the deal and 638 00:35:34,960 --> 00:35:37,720 simply Bitcoin. We don't really speculate but we 639 00:35:37,720 --> 00:35:40,920 can make the case. So first we kind of have to go 640 00:35:40,920 --> 00:35:45,880 back in time and see what happened last cycle. 641 00:35:45,880 --> 00:35:49,680 And I think that this played a major role in why the last cycle 642 00:35:49,680 --> 00:35:53,560 was played short. So if anyone who's looking on 643 00:35:53,560 --> 00:35:57,720 the screen right now, here is the US dollar. the US dollar 644 00:35:57,720 --> 00:36:03,960 price in April of 2021, and it was at it peaked at roughly 60 645 00:36:03,960 --> 00:36:08,240 or or 58,000 U.S. dollars. And then it crashed last cycle. 646 00:36:08,640 --> 00:36:14,000 At the same time of that crash, the Bitcoin hash rate crashed as 647 00:36:14,000 --> 00:36:16,320 well. The Bitcoin hash rate crashed 648 00:36:16,320 --> 00:36:20,760 because the majority of Bitcoin miners were located in mainland 649 00:36:20,760 --> 00:36:26,000 China and the CCP made it illegal for you to mine Bitcoin 650 00:36:26,000 --> 00:36:28,840 and mainland China. I believe this was a major 651 00:36:28,840 --> 00:36:33,720 reason as to why Bitcoin did not hit 100K last cycle. 652 00:36:33,920 --> 00:36:37,640 I think it was attacked on a nation state level and there's a 653 00:36:37,640 --> 00:36:41,600 direct correlation between the price of Bitcoin and the crash 654 00:36:41,640 --> 00:36:45,000 of the hash rate. As the hash rate recovered, you 655 00:36:45,000 --> 00:36:47,040 know Bitcoin broke all time highs again. 656 00:36:47,240 --> 00:36:51,720 But more importantly, it survived a nation state attack. 657 00:36:51,720 --> 00:36:55,920 It decentralized the hash ray in the process and the hash ray is 658 00:36:55,920 --> 00:37:01,400 literally going parabolic. It shows no signs of slowing 659 00:37:01,400 --> 00:37:03,200 down. So all those people that are 660 00:37:03,200 --> 00:37:07,320 bullish on the future of Bitcoin continue to invest a large sum 661 00:37:07,320 --> 00:37:10,800 of money into the infrastructure that is required to mine 662 00:37:10,800 --> 00:37:12,600 Bitcoin. So, I mean, that's a really, 663 00:37:12,600 --> 00:37:15,200 really good sign. Also on another side, and I 664 00:37:15,200 --> 00:37:21,040 think this plays into the narrative by Naimbu Kele and by 665 00:37:21,040 --> 00:37:25,480 Michael Saylor, is that Bitcoin is just a superior asset. 666 00:37:25,640 --> 00:37:29,320 It's not even at all time highs. But if you've been saving in 667 00:37:29,320 --> 00:37:34,680 Bitcoin, the US dollar is actually 90% cheaper than it was 668 00:37:34,720 --> 00:37:39,200 five years ago. The oil is 85% cheaper. 669 00:37:39,200 --> 00:37:43,200 If you've been holding Bitcoin for five years, gold is 80 gold. 670 00:37:43,200 --> 00:37:46,480 That's that's to you. Peter Schiff is 84% cheaper. 671 00:37:47,200 --> 00:37:51,320 The S&P 500 is 84% cheaper. If you've been holding, if 672 00:37:51,320 --> 00:37:53,200 you've been saving a Bitcoin for the last five years. 673 00:37:53,480 --> 00:37:56,840 Even housing prices in the US, they've doubled since they 674 00:37:56,840 --> 00:37:58,960 printed that record amount of money. 675 00:37:59,240 --> 00:38:02,960 Still, housing prices, if you've been saving in Bitcoin, are 676 00:38:02,960 --> 00:38:09,200 actually 77% cheaper than they were a couple of years ago. 677 00:38:09,320 --> 00:38:12,560 OK, now here's the other component, which is Bitcoin 678 00:38:12,560 --> 00:38:14,920 supply. This is the first time this has 679 00:38:14,920 --> 00:38:17,120 really happened in Bitcoin's history. 680 00:38:17,320 --> 00:38:21,800 Bitcoin supply in active for a year, So what happens right? 681 00:38:21,960 --> 00:38:27,120 So 70% of Bitcoin supply doesn't move and at the same time you 682 00:38:27,120 --> 00:38:32,080 have these massive institutions coming in announcing ETFs, you 683 00:38:32,080 --> 00:38:36,640 have Naimbu Kale strategy being proven right on the nation state 684 00:38:36,640 --> 00:38:39,920 level and you have Michael Saylor strategy being proven 685 00:38:39,920 --> 00:38:42,680 right on the public company level. 686 00:38:42,680 --> 00:38:47,840 You have the perfect storm of events and I think that is what 687 00:38:47,840 --> 00:38:52,880 is causing this crazy crazy price to run up the way it's run 688 00:38:52,880 --> 00:38:54,320 up. So. 689 00:38:54,400 --> 00:38:58,600 So before the having right here is the rational route who has 690 00:38:58,600 --> 00:39:01,520 done a great job covering this right. 691 00:39:01,720 --> 00:39:05,560 And he has these, he has these graphics that point out right. 692 00:39:05,720 --> 00:39:09,400 So usually what happens during the run UPS is a lot of people 693 00:39:09,400 --> 00:39:11,360 sell their Bitcoin. You could see that, right. 694 00:39:11,520 --> 00:39:15,480 So percent of supply last active for the last year, right. 695 00:39:16,120 --> 00:39:18,320 And of course it kind of dumps on the run UPS. 696 00:39:18,480 --> 00:39:21,320 You saw that last happen in 2017. 697 00:39:21,600 --> 00:39:25,880 All this Bitcoin is being dumped but for the first time the 698 00:39:25,880 --> 00:39:31,680 percent of supply 70%, it's reaching an all time high. 699 00:39:31,800 --> 00:39:36,960 We've never been in this type of situation in Bitcoin's history, 700 00:39:37,160 --> 00:39:42,720 70% of Bitcoin addresses of the Bitcoin has not moved in over a 701 00:39:42,720 --> 00:39:45,320 year. People are huddling crazy 702 00:39:45,320 --> 00:39:48,920 psychopaths, care about the propaganda, don't care about 703 00:39:48,920 --> 00:39:51,680 whatever Christine Lagarde is saying, and they're holding 704 00:39:51,680 --> 00:39:54,320 their Bitcoin and they don't wanna sell their Bitcoin, right? 705 00:39:54,440 --> 00:39:59,160 So this perfect storm of events is converging to create this 706 00:39:59,160 --> 00:40:03,720 very, very bullish environment. That I think, again, we don't 707 00:40:03,720 --> 00:40:06,160 speculate on simply Bitcoin. We don't, we don't make price 708 00:40:06,160 --> 00:40:07,920 predictions. We don't, we don't, we don't 709 00:40:07,920 --> 00:40:10,920 like to say where the price is going or anything like that. 710 00:40:11,080 --> 00:40:16,480 But you have Adam back who is literally calling for $700,000 711 00:40:16,480 --> 00:40:18,480 Bitcoin. You have Samsung Mao who's 712 00:40:18,480 --> 00:40:21,480 calling for $1,000,000 Bitcoin. I don't know if it's going to 713 00:40:21,480 --> 00:40:24,800 get there, but those are crazy, crazy price predictions, bro. 714 00:40:25,080 --> 00:40:28,560 Those are crazy, crazy numbers. And if you actually look at the 715 00:40:28,560 --> 00:40:33,280 data, if you look at the information behind the scenes, I 716 00:40:33,280 --> 00:40:35,400 mean is it really that crazy, right? 717 00:40:35,440 --> 00:40:40,960 If if the if the total amount of Bitcoin that's being sold, the 718 00:40:40,960 --> 00:40:44,880 cell pressure gets cut in half during the halving, 70% of 719 00:40:44,880 --> 00:40:47,680 holders are not selling, the hash rate continues to go 720 00:40:47,680 --> 00:40:50,720 parabolic. I mean is it not creating a 721 00:40:50,720 --> 00:40:53,280 perfect storm? I think we're so jaded from the 722 00:40:53,280 --> 00:40:58,480 last bull market US, you know, US class of 2016, class of 2017 723 00:40:58,720 --> 00:41:02,160 bitcoiners that I think we we're a little bit nihilistic. 724 00:41:02,160 --> 00:41:04,320 I think we have a little bit of PTSD. 725 00:41:05,120 --> 00:41:08,040 So anyways, is the diminishing returns theory going to be 726 00:41:08,040 --> 00:41:11,920 broken this cycle? My vote is that yes it will, it 727 00:41:11,920 --> 00:41:14,320 will be broken this cycle. If it doesn't get broken this 728 00:41:14,320 --> 00:41:17,320 cycle, you're looking at a $70,000 Bitcoin. 729 00:41:17,440 --> 00:41:20,080 I don't know. Anyways, Andre, what are your 730 00:41:20,080 --> 00:41:22,440 thoughts on this? Is Adam back being too bullish? 731 00:41:24,160 --> 00:41:25,960 Well, you made a mistake by it's. 732 00:41:26,040 --> 00:41:29,520 It's going to be 700 K Buy Bitcoin Atlantis, not the whole 733 00:41:29,520 --> 00:41:34,080 thing. So no, just joking, man. 734 00:41:34,080 --> 00:41:36,080 I don't know. Bitcoin is unpredictable. 735 00:41:38,040 --> 00:41:42,280 It feels like it's it's it's going to break to the upside. 736 00:41:42,600 --> 00:41:45,600 So if I had to vote, I would vote. 737 00:41:46,800 --> 00:41:49,800 It's not going to be diminishing returns this time. 738 00:41:50,280 --> 00:41:52,960 But you know, I've all bets are off. 739 00:41:54,360 --> 00:41:58,040 You know what matters again is the long term and that I know 740 00:41:58,080 --> 00:42:04,360 it's I I bet everything I have that's going to be way, way more 741 00:42:04,360 --> 00:42:07,360 than it is today. So, you know, just calmly living 742 00:42:07,360 --> 00:42:09,440 my life and working on it until it comes. 743 00:42:10,080 --> 00:42:13,280 Yeah, yeah, I agree. I think long term, extremely 744 00:42:13,280 --> 00:42:14,480 bullish. No one knows. 745 00:42:14,480 --> 00:42:17,080 I think that's a really good point by Andre and I want to 746 00:42:17,080 --> 00:42:19,640 emphasize that enough. No one knows what the price of 747 00:42:19,640 --> 00:42:23,280 Bitcoin is going to do tomorrow. A year from now, everyone could 748 00:42:23,280 --> 00:42:25,400 just kind of guess. I know that Mandrick, for 749 00:42:25,400 --> 00:42:28,240 example, he made a very famous bet. 750 00:42:28,240 --> 00:42:32,200 He made the bet that Bitcoin was going to break 40K by the end of 751 00:42:32,200 --> 00:42:34,040 the year. Who's going to eat vegetables 752 00:42:34,040 --> 00:42:36,000 for the rest of the year? And then Mandrick hit the nail 753 00:42:36,000 --> 00:42:38,880 on the head. But as Mandrick pointed out, he 754 00:42:38,880 --> 00:42:40,960 was like, I was totally guessing. 755 00:42:40,960 --> 00:42:42,760 I made, you know, that was a total guess. 756 00:42:42,760 --> 00:42:46,480 And I think that's essentially anyone who is drawing lines and 757 00:42:46,480 --> 00:42:49,280 making price predictions. What you're really doing, maybe 758 00:42:49,280 --> 00:42:52,920 you can make, maybe you can make the statement that you're We're 759 00:42:52,920 --> 00:42:56,160 making educated guesses, but at the end of the day, no one knows 760 00:42:56,240 --> 00:42:58,240 whether this is going to go up or down tomorrow. 761 00:42:58,360 --> 00:43:01,920 But I do know. American Hotel also lost the bet 762 00:43:01,920 --> 00:43:05,320 with the Peter McCormick, right? They said it would be 300 K but 763 00:43:06,680 --> 00:43:10,520 there was the last bull cycle was very manipulated as well. 764 00:43:10,520 --> 00:43:14,080 We all know now that FTX and others were playing around and 765 00:43:14,080 --> 00:43:17,440 doing bullshit in the background selling Bitcoin that they didn't 766 00:43:17,440 --> 00:43:20,600 have. And actually that's also in part 767 00:43:20,600 --> 00:43:25,480 why I don't make any educated guess on on the Bitcoin price, 768 00:43:25,480 --> 00:43:28,760 because I think those that stuff is not good. 769 00:43:28,760 --> 00:43:32,840 It's not still going away for for sure and on on every there's 770 00:43:32,840 --> 00:43:36,160 still a lot of bad stuff happening in the in the 771 00:43:36,160 --> 00:43:38,520 background, a lot of manipulation that can also 772 00:43:38,520 --> 00:43:41,280 happen with the FTFS and ETFs and all of that. 773 00:43:41,680 --> 00:43:47,080 So there's a lot of bullshit to clear before the price really 774 00:43:47,080 --> 00:43:49,920 runs up and and goes holistic in my. 775 00:43:50,080 --> 00:43:52,520 View 100% Opti. What's your take on all this, 776 00:43:52,520 --> 00:43:56,160 brother? Yeah, well first and foremost, 777 00:43:56,640 --> 00:43:59,760 I'm glad you said that is all price speculation and no one 778 00:43:59,760 --> 00:44:01,280 knows where the price is actually going. 779 00:44:01,280 --> 00:44:03,920 All we really know is 21 million hard caps. 780 00:44:03,920 --> 00:44:07,880 Censorship resistant money. We know that the Fiat world has 781 00:44:07,880 --> 00:44:11,360 to continue to print money. As the meme goes, you know, 782 00:44:11,760 --> 00:44:14,240 infinite Fiat dollars divided by 21 million. 783 00:44:14,280 --> 00:44:17,080 It means number is going up. It's going up forever. 784 00:44:17,200 --> 00:44:22,480 So this all just kind of culminates into what we've been 785 00:44:22,480 --> 00:44:24,880 saying for a while. And you know, this year has been 786 00:44:24,880 --> 00:44:27,200 one of those years where we've been following naive bukelly. 787 00:44:27,200 --> 00:44:29,440 We've been following Michael Saylor. 788 00:44:29,440 --> 00:44:34,960 And you know, maybe they aren't fully vindicated on a corporate 789 00:44:34,960 --> 00:44:37,960 and a nation state level, but at least to us Bitcoiners, we know 790 00:44:37,960 --> 00:44:40,160 that they're right and they will continue to be right. 791 00:44:40,160 --> 00:44:44,160 And the more the price goes up, up, the more more people will 792 00:44:44,160 --> 00:44:47,440 wake up to this being a viable solution. 793 00:44:47,760 --> 00:44:51,280 And I tweeted this morning like Bitcoin being smaller than 794 00:44:51,280 --> 00:44:55,120 corporations or countries, balance sheet right now just 795 00:44:55,160 --> 00:44:58,400 shows how early we are in this game because Bitcoin is bigger 796 00:44:58,400 --> 00:45:00,800 than any one company, any one country. 797 00:45:01,440 --> 00:45:04,200 It's bigger than every one of us individuals out here. 798 00:45:04,200 --> 00:45:08,640 But what we do know is that you cannot make more Bitcoin and 799 00:45:08,640 --> 00:45:14,080 we're seeing that the world is is actively starting to drop 800 00:45:14,720 --> 00:45:16,520 U.S. Treasuries which is currently 801 00:45:16,520 --> 00:45:19,760 though you know the safest risk off asset in the world. 802 00:45:20,080 --> 00:45:24,400 So we're seeing that everyone is looking for a solution, or 803 00:45:24,400 --> 00:45:26,800 rather something to store their value. 804 00:45:26,800 --> 00:45:27,800 Flight to quality. Up. 805 00:45:27,840 --> 00:45:30,400 It's a flight to quality and we're seeing it happen in real 806 00:45:30,400 --> 00:45:34,640 time. And you know, I know in 2020 we 807 00:45:34,640 --> 00:45:36,600 didn't really see a blow off top. 808 00:45:37,120 --> 00:45:40,120 And we also kind of had at the same time like that whole 809 00:45:40,120 --> 00:45:43,800 GameStop thing happened and all those people were speculating in 810 00:45:43,800 --> 00:45:45,880 Stonks. Well, you know, I just can't 811 00:45:45,880 --> 00:45:49,880 wait till they all wake up to the realization that Bitcoin is 812 00:45:49,880 --> 00:45:51,920 that real. Bet you know Bitcoin is that 813 00:45:51,920 --> 00:45:55,360 real GameStop and it is the Occupy Wall Street. 814 00:45:55,360 --> 00:45:57,000 It's the real Occupy Wall Street. 815 00:45:57,240 --> 00:46:02,960 And so we're going to see that. I think this cycle, I've been 816 00:46:02,960 --> 00:46:06,000 saying it all year, we're seeing a perfect storm for Bitcoin. 817 00:46:06,000 --> 00:46:09,600 We're seeing that the flight to quality is happening. 818 00:46:09,600 --> 00:46:12,640 We're seeing U.S. Treasuries, you know they're, 819 00:46:12,640 --> 00:46:16,600 we're seeing people drop them. We're seeing BRIC nations start 820 00:46:16,720 --> 00:46:21,120 to move away from the dollar. We're seeing inflation go higher 821 00:46:21,120 --> 00:46:23,280 than ever. And I just remember when I got 822 00:46:23,280 --> 00:46:26,520 in 2017, like everyone and their mother was talking about 823 00:46:26,520 --> 00:46:30,720 Bitcoin, it was, it was really a drive by retail. 824 00:46:30,880 --> 00:46:34,440 And now we're seeing that the biggest institution, asset 825 00:46:34,440 --> 00:46:38,040 manager of the world are going to not only get bullish on 826 00:46:38,040 --> 00:46:40,400 Bitcoin, but they're going to be educating everyone out there 827 00:46:40,400 --> 00:46:42,960 about Bitcoin. Like, in my opinion, and I've 828 00:46:42,960 --> 00:46:45,200 been saying this for a while and hence why I'm kind of trolling 829 00:46:45,200 --> 00:46:46,920 Nico right now. It's like we got him. 830 00:46:47,440 --> 00:46:51,080 I I don't know if this is the cycle that we see diminishing 831 00:46:51,080 --> 00:46:57,840 returns end, but I do know there will be a point where Bitcoin 832 00:46:57,840 --> 00:47:03,080 becomes the monetary asset. And once corporate treasuries go 833 00:47:03,080 --> 00:47:07,200 fully into Bitcoin, once nation states go fully into Bitcoin, 834 00:47:07,400 --> 00:47:11,400 once quote UN quote, the smart money drops treasuries U.S. 835 00:47:11,400 --> 00:47:15,880 Treasuries and they start going into Bitcoin once Bitcoin starts 836 00:47:15,880 --> 00:47:20,720 milking some of the real state, you know, store a value. 837 00:47:21,040 --> 00:47:23,840 And then once we get that feedback loop of everyone 838 00:47:23,840 --> 00:47:26,760 talking about Bitcoin and we see retail start to FOMO into 839 00:47:26,760 --> 00:47:31,920 Bitcoin as the price goes up, like I think we are all totally 840 00:47:31,920 --> 00:47:34,640 underestimating how high the price will go. 841 00:47:34,880 --> 00:47:38,720 And it really all boils down to just Bitcoin fundamentals. 842 00:47:39,160 --> 00:47:43,040 A hard capped currency, hard capped monetary asset that is 843 00:47:43,040 --> 00:47:47,040 censorship resistant, that you truly control, that is private 844 00:47:47,040 --> 00:47:49,160 property that no one can take from you. 845 00:47:49,400 --> 00:47:52,200 Like I don't think we are bullish enough and I and I say 846 00:47:52,200 --> 00:47:55,280 it all the time, like my fatal flaw is that I'm too bullish. 847 00:47:55,280 --> 00:47:58,640 I get, I get overly bullish all the time and once the price 848 00:47:58,640 --> 00:48:01,480 starts to pump, I I get even more stupidly bullish. 849 00:48:01,480 --> 00:48:06,720 And you know, I remember 2017 or rather maybe it was 2020 when my 850 00:48:06,720 --> 00:48:09,880 favorite bitcoiners, the O GS out there where you all get 851 00:48:09,880 --> 00:48:12,160 caught up in the same thing like this is hyper bitcoinization. 852 00:48:12,160 --> 00:48:14,480 It's happening. But we are in hyper 853 00:48:14,480 --> 00:48:17,200 bitcoinization right now and it's a slow process. 854 00:48:17,360 --> 00:48:19,960 You know, like this year I was thinking about it over the 855 00:48:19,960 --> 00:48:21,760 weekend. You know, I I kind of have a 856 00:48:21,760 --> 00:48:23,040 cold, I don't know if you guys can hear it. 857 00:48:23,480 --> 00:48:27,200 I was kind of dying, you know, and and just like I, I unplugged 858 00:48:27,200 --> 00:48:31,480 from Twitter and I wasn't feeling that good And then you 859 00:48:31,480 --> 00:48:34,480 know Bitcoin, I I think it was either it's like my brother or 860 00:48:34,480 --> 00:48:35,600 something. He texts me, he's like yo, 861 00:48:35,600 --> 00:48:38,840 bitcoins over 40K. And I just kind of sat there and 862 00:48:38,840 --> 00:48:42,200 was like wow, you know, Bitcoin. I think today it's like Bitcoin 863 00:48:42,200 --> 00:48:45,280 has something like 150% returns this year. 864 00:48:45,640 --> 00:48:48,600 But throughout the year it's been a slow grind. 865 00:48:48,600 --> 00:48:51,160 Like you know, there was days when it was up, there was days 866 00:48:51,160 --> 00:48:54,280 when it's down and we didn't really realize how good of 867 00:48:54,280 --> 00:48:57,400 returns we got this year because it was just like in the 868 00:48:57,400 --> 00:49:00,080 day-to-day grind. We're like Oh my God, here we 869 00:49:00,080 --> 00:49:02,760 are, we're still in a bear market and I think we're going 870 00:49:02,760 --> 00:49:05,440 to see this continue moving into the next year. 871 00:49:05,760 --> 00:49:09,280 I don't know if we will see a huge price rise going into the 872 00:49:09,280 --> 00:49:11,240 halving, you know, 100K by the halving. 873 00:49:11,600 --> 00:49:15,120 I'm I'm kind of leaning I'm kind of betting against Adam back on 874 00:49:15,120 --> 00:49:18,480 that point but but what do I know backs an OG and he's been 875 00:49:18,480 --> 00:49:21,560 here for a while but my only thing and and it's kind of the 876 00:49:21,560 --> 00:49:25,520 gradually then suddenly meme like we're going to gradually 877 00:49:25,520 --> 00:49:28,000 start to see Bitcoin climb. It's going to do these little 878 00:49:28,000 --> 00:49:29,920 climbs up and down. You know it's going to go up. 879 00:49:29,920 --> 00:49:33,600 It's going to go down and then before we know it it's going to 880 00:49:33,600 --> 00:49:36,600 be above all time high. It's going to finally get some 881 00:49:36,840 --> 00:49:40,160 escape velocity and it's going to go absolutely nuclear. 882 00:49:40,160 --> 00:49:43,480 And I'm just, I just keep thinking that once we finally 883 00:49:43,480 --> 00:49:47,760 get that like blow off top scenario that it could be 884 00:49:47,880 --> 00:49:50,960 sometimes when like it goes absolutely nuts again. 885 00:49:51,200 --> 00:49:54,880 All we really need is some very convicted deep pockets that 886 00:49:54,880 --> 00:49:56,280 never want to sell their Bitcoin. 887 00:49:56,280 --> 00:49:59,800 And this is never going down like I think we are, you know, 888 00:49:59,800 --> 00:50:03,440 we are human and we like to look at the past and we like to look 889 00:50:03,440 --> 00:50:06,080 at patterns and there will be a point. 890 00:50:06,080 --> 00:50:09,800 Maybe it's not this cycle, maybe it's next cycle where Bitcoin, 891 00:50:09,800 --> 00:50:10,800 what's this? What's the meme? 892 00:50:10,800 --> 00:50:13,160 You know, Bitcoin breaks all your models and it's just like 893 00:50:13,280 --> 00:50:16,640 there's escape velocity. It goes up and it doesn't 894 00:50:16,640 --> 00:50:20,160 necessarily follow the same like, OK, every four year cycle 895 00:50:20,160 --> 00:50:22,480 it's going to go up and then it's going to come back and 896 00:50:22,480 --> 00:50:24,480 correct. Maybe there's a time when it 897 00:50:24,480 --> 00:50:27,480 just keeps going up and then eventually there's a correction. 898 00:50:27,800 --> 00:50:31,480 But is it this time? Is it next time? 899 00:50:31,840 --> 00:50:34,920 I don't know. All I know is that 21 million 900 00:50:34,920 --> 00:50:38,560 hard cap censorship resistant money is where we're going. 901 00:50:38,560 --> 00:50:41,800 We're not going to go to gold, digital money for Digital World. 902 00:50:41,840 --> 00:50:45,520 And when you show the numbers of how many people are huddling 903 00:50:45,520 --> 00:50:47,960 their Bitcoin and how many people understand what they're 904 00:50:47,960 --> 00:50:50,560 holding, again, it's just a perfect storm. 905 00:50:50,560 --> 00:50:51,840 Because what are you going to do? 906 00:50:51,840 --> 00:50:54,400 You're going to sell your Bitcoin to get more Fiat? 907 00:50:54,400 --> 00:50:56,960 Like that's absolutely stupid once you understand what you're 908 00:50:56,960 --> 00:50:58,680 holding. It's not necessarily about the 909 00:50:58,680 --> 00:51:00,760 Fiat games. Yes, the increase in purchasing 910 00:51:00,760 --> 00:51:04,480 power is absolutely incredible. It feels great to know that your 911 00:51:04,480 --> 00:51:08,280 life is getting cheaper, but but you're not going to go back to 912 00:51:08,280 --> 00:51:10,680 dollars once you understand what is going on here. 913 00:51:10,680 --> 00:51:14,520 And I really do think that this bear market, the groundwork for 914 00:51:14,520 --> 00:51:17,000 Bitcoin. Only the education levels, the 915 00:51:17,360 --> 00:51:19,680 the amount of interest we're going to get. 916 00:51:20,200 --> 00:51:24,040 I think we are getting set up for something that is just it's 917 00:51:24,040 --> 00:51:27,160 going to break the old patterns and people are going to 918 00:51:27,160 --> 00:51:29,480 understand, wow, I need to hold on to this Bitcoin. 919 00:51:29,480 --> 00:51:30,880 It's not about getting more dollars. 920 00:51:31,080 --> 00:51:32,840 And I just saw that dumb money again. 921 00:51:32,840 --> 00:51:36,720 I hate to reference GameStop twice in this, but I just saw 922 00:51:36,720 --> 00:51:40,760 the movie Dumb Dumb Money, and it goes back to what US 923 00:51:40,760 --> 00:51:43,080 bitcoiners say all the time. You know, what do we say? 924 00:51:43,360 --> 00:51:45,560 Fix the money, fix the world. It's not about the gangs. 925 00:51:45,560 --> 00:51:48,600 It's about the revolution. And I think there's more people 926 00:51:48,600 --> 00:51:52,680 out there that understand that, yo, this system is completely 927 00:51:52,680 --> 00:51:54,680 rigged. It is broken. 928 00:51:54,680 --> 00:52:00,040 Or rather, it is working exactly as intended for the big guys and 929 00:52:00,040 --> 00:52:01,960 US average everyday people, the little people. 930 00:52:01,960 --> 00:52:04,240 The Coinbase ad did it perfectly. 931 00:52:04,320 --> 00:52:06,760 Exactly. And the fact that they use that 932 00:52:06,760 --> 00:52:10,040 just shows that the sentiment or the zeitgeist of the world right 933 00:52:10,040 --> 00:52:13,560 now is people understand, yo, there is something fatally 934 00:52:13,560 --> 00:52:15,200 broken here. There's something wrong with the 935 00:52:15,200 --> 00:52:18,840 system and it's really it's kind of the joker meme, you know, 936 00:52:18,840 --> 00:52:20,200 it's not it's not about the money. 937 00:52:20,200 --> 00:52:23,280 It's about making a point. And I think more people have 938 00:52:23,280 --> 00:52:25,320 that same feeling. They just don't understand that 939 00:52:25,320 --> 00:52:28,200 Bitcoin is the solution. That Bitcoin is that asset that 940 00:52:28,200 --> 00:52:31,880 literally will change the future of humanity. 941 00:52:32,040 --> 00:52:34,520 And here we are on the front lines that we get an opportunity 942 00:52:34,520 --> 00:52:37,760 to stack Bitcoin under all time high like it's hold on, wait 943 00:52:37,760 --> 00:52:39,920 wait wait. I need to do this for you Nico. 944 00:52:42,000 --> 00:52:43,600 It's fucking. Awesome. 945 00:52:43,640 --> 00:52:45,200 Boom, boom. Oh, man. 946 00:52:45,520 --> 00:52:47,480 All right, guys, this is, it's been great show. 947 00:52:47,480 --> 00:52:49,920 We got 437 people watching live on YouTube. 948 00:52:49,920 --> 00:52:54,040 We got 53 people watching live on Rumble, and we got our 949 00:52:54,040 --> 00:52:56,200 Twitter family as well. Guys, thank you so much for 950 00:52:56,200 --> 00:53:00,040 tuning in to another episode of Simply Bitcoin Live. 951 00:53:00,320 --> 00:53:04,920 I will be getting on a plane tonight going to Las Vegas. 952 00:53:04,960 --> 00:53:08,280 Opti's gonna be on a plane tomorrow, so I think it's gonna 953 00:53:08,280 --> 00:53:13,720 be me and Sophie doing the show tomorrow morning from Vegas. 954 00:53:13,720 --> 00:53:15,800 Should be a lot of fun from the Vegas hotel room. 955 00:53:16,000 --> 00:53:17,480 We're gonna see how we figure that out. 956 00:53:17,880 --> 00:53:19,440 I think we're gonna do it like we did in LA. 957 00:53:19,720 --> 00:53:21,600 I wanna thank Andre for joining us. 958 00:53:21,600 --> 00:53:24,240 Thank you Andre for joining us on the show, guys. 959 00:53:24,240 --> 00:53:26,840 You can check the link in the video description. 960 00:53:26,840 --> 00:53:29,800 It'll take you directly to the Bitcoin Atlantis website and you 961 00:53:29,800 --> 00:53:34,120 can use promo code simply to get a discount on your tickets to 962 00:53:34,120 --> 00:53:38,040 the Bitcoin Atlantis conference. All right everybody, we will see 963 00:53:38,040 --> 00:53:41,360 you tomorrow for another episode of Simply Bitcoin Live. 964 00:53:41,360 --> 00:53:42,080 Peace out, everybody.