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As Bitcoin is approaching 
$80,000, everyone is now 

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debating what's coming next. 
Michael Saylor just said that 

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Bitcoin is about to go higher. 
Whales are buying, BlackRock 

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nearly bought a billion dollars 
of Bitcoin in a day, and retail 

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is heavily shorting Bitcoin in 
the options market. 

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Only one side walks away from 
this cycle alive. 

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And today we're going to explore
who will be right and the and 

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we're going to answer the 
question a lot of you are 

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probably getting. 
I'm getting this from my 

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friends. 
I'm sure you guys are getting 

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the same question. 
Is now the right time to buy 

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Bitcoin or should you wait until
another dip happens? 

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So let's start with Sailor. 
He did another cryptic AI tweet.

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I think this is the first time 
he's actually declared this. 

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Obviously we heard in the past 
he said the crypto winter isn't 

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going to last that long. 
There's a lot of debate because 

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the price did dump afterwards 
and now he's he's flipping 

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bullish guys, he tweeted the 
winter is over with a full what 

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Game of Thrones ask AI picture 
here. 

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So that's the that's the big 
question here is the quote 

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crypto winter officially over. 
Obviously the price is feeling a

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little bullish. 
We're getting a little little 

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bit of more action. 
We are starting to see, as we 

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covered earlier in this week, 
this idea of a slow grind higher

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playing out in real time. 
And if you're watching Bitcoin 

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and gold right now or Bitcoin 
priced in gold, it's looking 

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pretty bullish, guys. 
It's looking like it's trending 

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upwards and bounced off the 
bottom. 

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But anyways, we're going to 
start with one headline from 

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Yahoo News. 
I actually saw a couple of 

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different corporate media 
headlines that were pretty 

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similar, but this one gives 3 
reasons. 

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So we're going to start here 
because it does kind of lean 

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into everything else I'm going 
to say. 

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So from Yahoo Finance, it goes 
Bitcoin prime for $80,000. 

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Question mark 3 reasons traders 
expect a rally within days. 

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Honestly, this sound, this 
sounds like a loop headline. 

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You have three weeks left. 
OK, anyways, I'm not going to 

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read the whole thing. 
I'm just going to kind of read a

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couple of snippets here. 
The main quote, major 

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institutions are behind the 
move. 

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This is more institutional 
allocator money such as advisors

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and major wealth channels as 
opposed to short term retail or 

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hedge fund basis trade flows, 
which is kind of the trend we 

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have been covering here lately. 
At least most of the reports are

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essentially saying the 
institutions are buying right 

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now. 
They're starting to get bullish,

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they're allocating, they're 
dropping products. 

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This is an institutional LED 
run, which is part of the reason

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why I personally have been 
saying that it's we might not be

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playing out in a traditional 
four year cycle, but what are 

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the three reasons? 
Obviously it's Michael Saylor 

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himself, and this is saying 
strategy buys, but really it's 

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Stretch. 
Stretch is still tearing guys. 

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As I told you guys two weeks 
ago, Sailor had his first 

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billion dollar week with Stretch
last week. 

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It almost got the $4 billion. 
He's got another billion dollar 

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weekend with Stretch buying 
Bitcoin. 

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So that's three weeks in a row 
that Sailor through his STRC 

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product is buying a billion 
dollars a week. 

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If this continues, if next week 
we see another billion dollar 

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buy and that's kind of the new 
trend here, this might by itself

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change where things are going, 
just this amount of interest 

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into Stretch, the amount of 
capital, amount of money flowing

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into Stretch so that Sailor can 
buy more Bitcoin. 

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We haven't seen this before. 
This stretch product is 

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something completely different 
and everyone is starting to 

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notice. 
So let me go back to the Yahoo 

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Finance article just to give you
the headlines. 

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And then it says stress test, 
You know, second Bitcoin 

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weathered a major weekend stress
test. 

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Nearly $300 million exploit in 
major decentralized finance 

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protocol triggered withdrawals 
of around 10 billion across 

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crypto projects. 
This one, I don't know. 

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I don't know if this one's 
really that much of a factor. 

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Obviously, yeah, it's never good
when you see an exchange 

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basically get scammed here, but 
I I think we've seen bigger ones

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in the past. 
And then probably the bigger 

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macro picture one, the stock 
market sentiment. 

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If you guys are watching the 
stock market, S&P 500's all time

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high again, you know equities 
have rebounded, Nasdaq's 

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ripping, Dow Jones is climbing 
up and this point right here. 

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I want you to keep in mind this 
last point because I do have a 

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couple of tweets in regards to 
this idea, but let's keep it 

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moving a little bit. 
One of the big things that we're

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seeing is it seems like everyone
in the market, or at least all 

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of retail right now, it seems 
like the entire crypto Twitter, 

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Bitcoin, Twitter retail market 
is going short. 

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It seems like everyone is 
expecting another leg down. 

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As everyone's been talking about
on Twitter, this idea, classic 

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meme of sell in May and go away.
Everyone is kind of expecting 

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what we saw in April. 
The price is going to rebound 

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and then it's going to dump in 
May. 

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You're going to get another 
opportunity to buy a a lower 

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price. 
And then of course the whole 

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idea of the bear or bull market 
is going to come back in 

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October. 
But we are seeing something that

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can potentially be a catalyst 
for the price to move the 

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opposite direction. 
And by that I mean to the upside

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and it is the Bitcoin funding 
rates. 

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The Bitcoin funding rates just 
hit extreme negative levels, 

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absolutely insane. 
The entire market is positioned 

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short right now, every trader 
paying to bet against Bitcoin. 

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But in the 10 years of market 
data, what is really telling us 

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about this more of this moment 
is extreme negative funding is 

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not a bearish signal. 
It's actually rocket fuel. 

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So as we've all been covering, 
you know, is the supply shock, 

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the short squeeze in the room 
with us, the mother of all 

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supply shocks in the room with 
us. 

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I'm not saying it's in the room 
with us yet, but I am saying 

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there's a potential for an an 
epic short squeeze to play out 

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because literally the entire 
retail market is short. 

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And as you know, retail is most 
part usually wrong. 

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So if the entire retail market 
is basically shorting Bitcoin 

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right now, Bitcoin usually does 
the exact opposite. 

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So it it looks like we might be 
seeing some crazy amount of 

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shorts liquidated in the next 
few days. 

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If we see that happen, as this 
tweet says, it's rocket fuel. 

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One of the setups. 
OK, and then going a little 

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further on the short set up. 
Here's our boy check matey. 

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You know our I don't want to say
second favorite Aussie, but our 

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other favorite Aussie out here 
that's doing incredible work. 

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He goes bears are paying 12% 
interest rates to be short 

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liquidations heavily skewed to 
the short side options still 

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heavily dominated by fearful put
buying deep OTM puts command a 

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10 to 20% premium versus calls. 
The bears really, really, really

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want the price to go lower. 
I'm looking at you, Nico. 

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I'm looking at you over there. 
OK, Going further, this is where

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you start to really analyze what
does this short squeeze mean? 

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Like what? 
What did we see happen in April?

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Here's crypto quant and it goes 
BTC rally was a short squeeze. 

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As long as price depends on 
more, sorry, as long as price 

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depends more on derivatives than
on solid spot validation, the 

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structure will remain vulnerable
to reversal. 

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So this is putting a little cold
water on the bullishness because

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hey, as we're seeing negative 
funding rates, it seems like the

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entire market is short right 
now. 

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If we do see another exponential
short squeeze to the upside, 

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it's not the most bullish setup 
for a continued run to the 

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upside. 
So sailors saying winter is 

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over, we are seeing some 
indicators of that being the 

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case that maybe we are rallying 
higher, but we're also not 

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seeing the strongest setup right
now and it's basically because 

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we're not seeing incredible 
amounts of people just buying 

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spot Bitcoin, but we are seeing 
the whales are back on the 

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table. 
This was actually a couple of 

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days ago shouts out the Bitcoin 
archive and he goes Bitcoin 

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whales bought 1,000,000 plus 
Bitcoin in three months while 

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it's holding 100 to 10,000 
Bitcoin added approximately 

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45,000 Bitcoin last week, the 
fastest rate since July 2025. 

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So you're seeing, I don't like 
to say smart money too, too 

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much. 
I do say it obviously because 

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everyone sort of understands 
what that means. 

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But when the whales come back in
and start buying, that's usually

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an indicator of maybe we're 
starting to see a bottom. 

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Maybe they understand or maybe 
they're trying to influence the 

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markets in ways that the average
person can't, which is obviously

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why they're called whales. 
And going further, it's not just

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the whales that hold a lot of 
Bitcoin in the dresses. 

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We did see an incredible amount 
of buying from the ETF, so 

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institutions aren't getting 
scared right now. 

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And here we have Andre who is 
head of research at Bitwise and 

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he goes good morning, morning 
from Switzerland. 

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US spot Bitcoin ETFs have 
purchased 18,991 Bitcoin over 

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the past five trading days, 
checks numbers. 

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That's nine times the new supply
in that period. 

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Institutional demand for Bitcoin
is clearly accelerating. 

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So again, I've been talking 
about this phenomenon on the 

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show for the last couple of 
weeks. 

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While retail is shorting 
Bitcoin, they think it's going 

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to go lower. 
What are the institutions doing?

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They're accumulating right now 
and as I said in the beginning, 

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you know, I, I know Niko likes 
to say Bitcoin isn't 0 sum, but 

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trading sure is 0 sum. 
So someone's going to be right 

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here. 
And personally, I, I hate to say

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it, I think my money's on the 
institutions. 

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They have a lot more money than 
retail combined. 

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So interesting phenomenon. 
And of course a single entity, 

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like I said in the beginning, 
BlackRock almost bought a 

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billion dollars. 
Well, you know the clients of 

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the BlackRock ETF, but BlackRock
yesterday just pulled 970 

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million into Bitcoin in a single
day. 

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Again, crypto Twitter is still 
arguing about the bottom. 

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I bit has had 9 consecutive days
of inflows, 806,700 Bitcoin 

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total of course almost 2 billion
over the past month. 

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Year to date inflows put I bit 
in top 1% of all ETFs globally. 

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They want Bitcoin guys. 
And this goes into another 

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headline from the block, which 
is showing just how much the 

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ETFs are buying and a bullish 
case for the ETFs at least year 

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to date. 
And it is of course, Bitcoin ETF

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flows turn positive for the 
year. 

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Institutions want Bitcoin ETFs 
whether we like them or not. 

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They want Bitcoin ETFs, they 
want that Bitcoin exposure. 

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We saw a almost 50% drawdown. 
It didn't scare away the ETF 

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buyers. 
Yes, there's been some outflow 

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days, but the majority, again, 
year to date, it's positive. 

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They're buying Bitcoin. 
The 50% discount that we've been

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talking about, or right now it's
what 30 something percent 

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discount that we've been talking
about. 

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They're chomping at the bits for
this. 

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As we always say, if you like 
Bitcoin at 126 K, then you're 

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going to love it at a 40% 
discount. 

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Well, it looks like institutions
are living up to that meme. 

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That's exactly what they're 
doing. 

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Anyways, I'm going to read the 
the short of it, and then I have

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a couple of little quotes from 
this article. 

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And it goes. 
Flows, of course, have turned 

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positive for the year. 
Every rolling period tracked by 

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Bloomberg for spot Bitcoin ETFs 
is in the green. 

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And even though the ETFs bled 
amid depressed Bitcoin prices 

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and geopolitical and economic 
fears, outflows were 

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comparatively muted, which is 
what I just said. 

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Yes, there was some scenarios, 
some days here where we were 

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seeing outflows, but we seen 
year to day inflows. 

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The amount of buying from 
institutions is finally overcome

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and even the outflows have been 
pretty small. 

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But I highlighted a few quotes 
here, or I hope I did. 

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Yeah, I did. 
Here we go. 

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Here's a quote and it says 
Slavin noted that crypto ETF 

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traders are somewhat unique in 
their willingness to hold in the

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face of drawdowns. 
Quote Granted, there were some 

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00:12:49,320 --> 00:12:51,920
outflows, but they were modest 
compared to the significant 

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inflows. 
We didn't see the rush to the 

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exits by retail or other 
investors in ETFs like maybe you

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00:12:57,440 --> 00:13:00,920
would see in other risk assets 
when the market turns incredibly

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sour again, if you've been 
selling your Bitcoin, the ETF 

227
00:13:07,320 --> 00:13:10,400
buyers are more bullish than 
you. 

228
00:13:10,680 --> 00:13:12,200
We we can't let that happen 
guys. 

229
00:13:12,280 --> 00:13:17,520
We we can't let that happen. 
We can't let the paper Bitcoin 

230
00:13:17,520 --> 00:13:20,120
holders be more bullish than the
people that are holding spot 

231
00:13:20,120 --> 00:13:24,280
Bitcoin ETF, and this is 
probably where I'm looking at a 

232
00:13:24,280 --> 00:13:28,160
lot of the TA traders. 
I'm looking at Nico actually 

233
00:13:28,160 --> 00:13:30,720
here saying we're going to 40K. 
He could be right. 

234
00:13:30,720 --> 00:13:35,000
You know, hey, he could be 
right, but we got to tell people

235
00:13:35,000 --> 00:13:36,720
to buy. 
You want to be buying right now,

236
00:13:37,080 --> 00:13:40,480
Don't be trading this stuff. 
Anyways, one more quote and he 

237
00:13:40,480 --> 00:13:43,560
goes, but another explanation 
has to do with the supposed 

238
00:13:44,040 --> 00:13:47,960
reason dead try I I can't speak 
French, a Bitcoin ETFs quote. 

239
00:13:48,280 --> 00:13:51,360
It is more of a structural play.
They're using them in asset 

240
00:13:51,360 --> 00:13:55,080
allocation models, buy and hold 
strategies, not just tactical 

241
00:13:55,080 --> 00:13:58,400
trading tools, which is again, 
something we've been talking 

242
00:13:58,400 --> 00:14:01,680
about here. 
A lot of the reports that we're 

243
00:14:01,920 --> 00:14:04,920
that we're seeing coming out 
from these institutions marketed

244
00:14:04,920 --> 00:14:08,520
or rather, you know, push to the
ETF buyers. 

245
00:14:08,920 --> 00:14:12,680
Is this idea of, hey, you want 
to buy Bitcoin for the long 

246
00:14:12,680 --> 00:14:17,560
term, buy and hold strategies is
this isn't the basis trade 

247
00:14:17,560 --> 00:14:20,080
playing out. 
This isn't you buy the ETF so 

248
00:14:20,080 --> 00:14:24,160
that you can head your shorts. 
They're like, no, add this as a 

249
00:14:24,160 --> 00:14:28,440
diversifier to your portfolio. 
Manage your risk and you're 

250
00:14:28,440 --> 00:14:31,280
going to be a lot better off in 
the future. 

251
00:14:31,280 --> 00:14:32,600
You do not want to miss out on 
this. 

252
00:14:32,600 --> 00:14:37,080
So this is a a fundamental shift
in the narrative and the 

253
00:14:37,080 --> 00:14:39,760
education coming from the 
institutions in regards to 

254
00:14:39,760 --> 00:14:41,840
Bitcoin. 
And of course, well, really it's

255
00:14:41,840 --> 00:14:47,000
the Bitcoin ETF, but it is it is
starting to look like what we're

256
00:14:47,000 --> 00:14:49,440
seeing. 
The institutions are probably 

257
00:14:49,440 --> 00:14:52,680
more bullish than you guys out 
there because everyone thinks 

258
00:14:52,680 --> 00:14:56,480
we're going to dump more. 
But on top of that, again, 

259
00:14:57,520 --> 00:15:01,960
BlackRock didn't just buy a 
almost a billion dollars in one 

260
00:15:01,960 --> 00:15:04,120
week. 
Over the last week, they've 

261
00:15:04,120 --> 00:15:09,840
almost bought 1 1/2 billion 
dollars of Bitcoin or 18,180 

262
00:15:09,840 --> 00:15:12,640
bitcoins. 
So that's a significant chunk. 

263
00:15:12,640 --> 00:15:17,760
OK, that's, that's some money. 
Now put that in the context of 

264
00:15:17,760 --> 00:15:22,040
one single buyer, BlackRock. 
Well, multiple people at 

265
00:15:22,040 --> 00:15:26,280
BlackRock, you know, or sorry, 
multiple people that are buying 

266
00:15:26,280 --> 00:15:31,200
the I Bit ETF have scooped up 
about 1 1/2 billion. 

267
00:15:32,080 --> 00:15:35,640
Stretch itself has scooped up 
1.1 billion. 

268
00:15:36,520 --> 00:15:39,720
And these are just the numbers 
that we know from 2 entities. 

269
00:15:41,280 --> 00:15:44,680
Again, when someone with high 
conviction comes into the market

270
00:15:44,680 --> 00:15:48,440
and wants to scoop up a lot of 
Bitcoin, it fundamentally breaks

271
00:15:48,440 --> 00:15:52,000
all of our models. 
Now that's kind of the bullish 

272
00:15:52,000 --> 00:15:53,760
case. 
And I, I told you to keep in 

273
00:15:53,760 --> 00:15:58,680
mind the Third Point of that 
Yahoo Finance article, which is,

274
00:15:59,080 --> 00:16:02,920
you know, based on what we're 
seeing in the broader markets, 

275
00:16:02,920 --> 00:16:06,400
in the stock markets, we're 
tentatively bullish. 

276
00:16:06,720 --> 00:16:09,920
But I really like this breakdown
here, which I think again throws

277
00:16:09,920 --> 00:16:12,160
a little cold water on our 
bullishness here. 

278
00:16:12,400 --> 00:16:14,760
This is econometrics. 
And he goes, Bitcoin is 

279
00:16:14,760 --> 00:16:17,920
rallying, but the market it 
depends on is not that strong. 

280
00:16:18,360 --> 00:16:23,280
The S&P 500 is at new all time 
highs, but only roughly 55% of 

281
00:16:23,280 --> 00:16:26,720
stocks are above their 200 day 
average and strong rallies. 

282
00:16:26,720 --> 00:16:29,480
That number is closer to 65 to 
75%. 

283
00:16:30,040 --> 00:16:33,120
This is a narrow move driven by 
a small group of stocks. 

284
00:16:33,120 --> 00:16:34,960
Bitcoin is still trading at a 
risk. 

285
00:16:35,760 --> 00:16:38,400
Sorry, Bitcoin is still trading 
as a risk asset. 

286
00:16:38,800 --> 00:16:42,640
So if this equity rally loses 
momentum, Bitcoin won't be 

287
00:16:42,640 --> 00:16:45,760
immune. 
And we have seen this play out. 

288
00:16:45,760 --> 00:16:49,760
Remember, I've been trolling a 
lot about the fact that seems 

289
00:16:49,760 --> 00:16:52,840
like every market right now is 
dependent on a Trump tweet. 

290
00:16:53,240 --> 00:16:56,880
It seems like whatever Trump is 
tweeting, whether it's at 9:00 

291
00:16:56,880 --> 00:17:02,520
AM during the trading day or 
after the markets close, we've 

292
00:17:02,520 --> 00:17:08,359
been swinging wildly. 
And right now what we are seeing

293
00:17:08,359 --> 00:17:12,359
is people are starting to feel a
little bullish in equities and 

294
00:17:12,359 --> 00:17:13,599
stocks. 
They're starting to feel like, 

295
00:17:13,599 --> 00:17:17,400
okay, maybe this war in the 
Middle East isn't going to 

296
00:17:17,400 --> 00:17:20,119
really affect everything as bad 
as we thought it was. 

297
00:17:20,319 --> 00:17:23,720
It looks like we got last night 
another, you know, a three-week 

298
00:17:23,720 --> 00:17:27,720
extension on this ceasefire. 
As we covered in the beginning 

299
00:17:27,720 --> 00:17:31,600
of the week, we got a ceasefire,
an indefinite ceasefire. 

300
00:17:31,600 --> 00:17:35,480
We didn't have an end date here,
but we got an updated three more

301
00:17:35,480 --> 00:17:38,880
weeks of ceasefire. 
So the markets are cooling off a

302
00:17:38,880 --> 00:17:40,320
little bit. 
They're like, well, at least for

303
00:17:40,320 --> 00:17:43,440
the next three weeks, we have 
some certainty on what's going 

304
00:17:43,440 --> 00:17:45,800
to happen. 
Obviously that can fundamentally

305
00:17:45,800 --> 00:17:51,600
change, but we are seeing that 
the broader macro market, the 

306
00:17:51,600 --> 00:17:55,720
broader macro view right now is 
hey, we are we're feeling kind 

307
00:17:55,720 --> 00:17:58,120
of bullish again. 
S&P 5 hundreds hitting a new all

308
00:17:58,120 --> 00:18:01,720
time high. 
NASDAQ, I don't think they hit a

309
00:18:01,720 --> 00:18:04,280
new all time high, but it's 
trending towards a new all time 

310
00:18:04,280 --> 00:18:07,080
high. 
NVIDIA is ripping right now, 

311
00:18:08,840 --> 00:18:11,960
you're starting to see. 
We should just sell our bags. 

312
00:18:12,000 --> 00:18:13,920
Dude, we should just be AI 
Maxis. 

313
00:18:13,920 --> 00:18:16,840
Actually, Nikko, on that point, 
since I did bring up AI, what 

314
00:18:16,840 --> 00:18:20,880
was that stat you told me this 
morning about the AI stocks? 

315
00:18:20,880 --> 00:18:24,560
OK, I don't know if this is 100%
true because again, you have to 

316
00:18:25,280 --> 00:18:30,120
like if you see any type of 
comment on X, like the beauty of

317
00:18:30,120 --> 00:18:36,560
X is like it's unfiltered news. 
But you do have to don't trust 

318
00:18:36,560 --> 00:18:39,480
verify. 
But I did see a post from a 

319
00:18:39,480 --> 00:18:45,600
reputable news aggregator that 
said 45% of the S&P 500 

320
00:18:46,440 --> 00:18:49,800
consisted of AI related stocks. 
Something. 

321
00:18:49,800 --> 00:18:54,440
Bubbles sell huge, so the the. 
The reason I brought that up is 

322
00:18:54,440 --> 00:19:00,800
because the reason I brought 
that up is because the.com 

323
00:19:00,800 --> 00:19:03,800
bubble was very similar in that 
regard. 

324
00:19:03,800 --> 00:19:08,200
Now, of course, if the S&P 
crashes, it's going to take 

325
00:19:08,200 --> 00:19:11,480
Bitcoin down with it. 
But if you take a look at 

326
00:19:11,480 --> 00:19:19,280
the.com bubble, it's not that 
the speculation of the adoption 

327
00:19:19,280 --> 00:19:23,800
of the Internet was wrong, it's 
that it was completely 

328
00:19:23,800 --> 00:19:28,040
overvalued for where the 
Internet was at that time, 

329
00:19:28,400 --> 00:19:31,960
right? 
So like there is the infamous 

330
00:19:31,960 --> 00:19:37,600
pet.com from that era and the 
valuation on that company was 

331
00:19:37,600 --> 00:19:40,000
just ridiculous. 
Like it it just didn't make any 

332
00:19:40,000 --> 00:19:42,560
sense. 
Also, and Tropic, which is the 

333
00:19:42,560 --> 00:19:47,000
company behind Claude, one of 
the LLMS, you know, they have 

334
00:19:47,000 --> 00:19:50,240
plans to go public, you know, 
somewhat recently. 

335
00:19:50,240 --> 00:19:56,440
And of course, Elon Musk, you 
know, X essentially, you know, 

336
00:19:56,440 --> 00:19:59,520
is connected to grok, right? 
So. 

337
00:20:00,240 --> 00:20:04,800
You know, could we see a.com 
bubble 2 point O type of 

338
00:20:04,800 --> 00:20:08,320
scenario where there's so much 
hype around AI? 

339
00:20:08,320 --> 00:20:10,040
There's so much you see it 
everywhere. 

340
00:20:10,280 --> 00:20:12,520
We saw a company that there we 
go. 

341
00:20:12,520 --> 00:20:14,840
Love the memes. 
This meme's so funny. 

342
00:20:14,920 --> 00:20:17,880
Open AI Entropic XAI. 
The future economy. 

343
00:20:17,880 --> 00:20:20,640
Permanent underclass, right? 
That's hilarious. 

344
00:20:21,920 --> 00:20:27,040
But you know, the, the question 
is, is like is, are we getting 

345
00:20:27,040 --> 00:20:29,240
ahead of our skis? 
Is the market getting ahead of 

346
00:20:29,240 --> 00:20:32,160
their skis? 
Because I think that like the 

347
00:20:32,160 --> 00:20:34,720
current state of AI, right? 
And I'm going to talk as a 

348
00:20:34,720 --> 00:20:37,480
content creator, I'm going to 
talk to someone who literally 

349
00:20:37,480 --> 00:20:40,640
uses every single one. 
So I've used, I use AI, use 

350
00:20:40,680 --> 00:20:47,280
Grok, I use chat GB TI use 
Claude, they're all good at 

351
00:20:47,280 --> 00:20:49,960
specific things and etcetera, 
etcetera. 

352
00:20:50,160 --> 00:20:55,560
But like, are they really living
up to the hype and the 

353
00:20:55,560 --> 00:20:58,640
valuations that they're living 
up to? 

354
00:20:59,000 --> 00:21:03,360
I would make the case that in 
Tesla's case, I would say 

355
00:21:03,360 --> 00:21:06,880
Tesla's, which again is 
connected to Grok, right? 

356
00:21:06,880 --> 00:21:09,400
You, you literally have Grok 
inside of Tesla. 

357
00:21:09,720 --> 00:21:14,160
I would say that is the most 
advanced AI company there is. 

358
00:21:14,160 --> 00:21:17,680
And the reason for that is 
there's a real world use case. 

359
00:21:17,840 --> 00:21:19,920
What is that real world use 
case? 

360
00:21:20,040 --> 00:21:24,800
That real world use case is the 
fact that Tesla's drive 

361
00:21:24,800 --> 00:21:28,480
themselves, right? 
So it's like real world AI, 

362
00:21:28,480 --> 00:21:30,760
artificial intelligence that's 
driving the car. 

363
00:21:31,240 --> 00:21:37,840
Now, does that justify the AI in
the LLMS? 

364
00:21:38,320 --> 00:21:40,640
And the LLMS are great for 
research. 

365
00:21:40,640 --> 00:21:42,720
They're great. 
You could talk to them, right? 

366
00:21:42,720 --> 00:21:45,320
It's like talking like Opti 
calls him a demon. 

367
00:21:45,320 --> 00:21:48,080
I, I would, I would tend to 
agree with that right? 

368
00:21:48,320 --> 00:21:49,600
You're talking to a. 
Robot. 

369
00:21:49,600 --> 00:21:52,160
That's not what I call him. 
That's literally what Elon Musk.

370
00:21:52,160 --> 00:21:55,280
Calls him so like you are like 
you are talking to like this 

371
00:21:55,280 --> 00:21:58,360
like computer. 
Sometimes they get things 

372
00:21:58,360 --> 00:22:02,880
completely wrong, but what is 
the usefulness of those things? 

373
00:22:02,880 --> 00:22:05,440
That's like the, the, the 
$1,000,000 question. 

374
00:22:05,440 --> 00:22:08,960
Now they can create images from 
the content perspective, They've

375
00:22:08,960 --> 00:22:12,920
helped us create videos, but how
much value does that actually 

376
00:22:14,600 --> 00:22:17,600
provide organizations? 
Now, I'll give you another case 

377
00:22:17,600 --> 00:22:20,840
study. 
So Block recently laid off about

378
00:22:20,840 --> 00:22:24,880
40% of their employees. 
Jack Dorsey said the reason that

379
00:22:25,200 --> 00:22:31,600
he he did that is because AI is 
able to automate all these jobs,

380
00:22:31,600 --> 00:22:33,240
right? 
Like a lot of the jobs that were

381
00:22:33,240 --> 00:22:36,280
necessary before for middle 
management and stuff like that, 

382
00:22:36,680 --> 00:22:40,240
they were able to automate it 
using AI tools. 

383
00:22:40,240 --> 00:22:45,200
So again, like if that is really
the case, if these corporations 

384
00:22:45,200 --> 00:22:49,320
are able to lay off 40% of their
workforce because AI is able to 

385
00:22:49,320 --> 00:22:52,520
automate things and it's able to
optimize things, then I would 

386
00:22:52,520 --> 00:22:55,800
say, you know, the valuations 
are somewhat justified because 

387
00:22:55,920 --> 00:22:59,120
that's in stark contrast to 
the.com bubblelikethe.com 

388
00:22:59,120 --> 00:23:04,920
bubble. 
Like pets.com was not, it didn't

389
00:23:04,920 --> 00:23:07,840
justify its valuation. 
Like a lot of these valuations 

390
00:23:07,840 --> 00:23:10,800
didn't justify their valuations.
That's not to say the market 

391
00:23:10,800 --> 00:23:13,320
wasn't wrong. 
I think the market was right. 

392
00:23:13,600 --> 00:23:18,680
The problem is that the Internet
really took about another 10 

393
00:23:18,680 --> 00:23:25,520
years, 10 to 15 years to mature 
to a point where these companies

394
00:23:25,520 --> 00:23:28,320
were the backbone of the 
economy, right? 

395
00:23:28,440 --> 00:23:33,680
In 1999, using the Internet was 
an option, right? 

396
00:23:33,680 --> 00:23:35,400
You didn't have to manage your 
business. 

397
00:23:35,400 --> 00:23:38,000
You didn't have to run your 
business via the Internet. 

398
00:23:38,360 --> 00:23:43,040
By 2010, if you weren't using 
the Internet to do something 

399
00:23:43,040 --> 00:23:47,040
like to interact, I mean to, to,
if you weren't integrating the 

400
00:23:47,040 --> 00:23:50,680
Internet with your business, you
were at a competitive 

401
00:23:50,680 --> 00:23:54,480
disadvantage. 
By 2020, which was 21 years 

402
00:23:54,480 --> 00:24:00,960
later, if you didn't use the 
Internet as a business, you 

403
00:24:00,960 --> 00:24:05,040
would go out of business, right?
So we're kind of in this like 

404
00:24:05,080 --> 00:24:09,800
overlapping phase where right 
now I would say that you can get

405
00:24:09,800 --> 00:24:12,600
away with running a business 
without AI. 

406
00:24:12,680 --> 00:24:17,280
You can do it in 10 years. 
I don't think that's going to be

407
00:24:17,280 --> 00:24:19,640
the case now. 
Does that justify the 

408
00:24:19,640 --> 00:24:25,280
speculation that we see with the
LLM models and, and all of that 

409
00:24:25,280 --> 00:24:28,080
stuff? 
Perhaps perhaps this isn't 

410
00:24:28,080 --> 00:24:31,560
the.com bubble. 
What I will say is in regards to

411
00:24:31,560 --> 00:24:37,960
demand, in regards to demand of 
compute power to, to service all

412
00:24:37,960 --> 00:24:41,640
this AI demand, it's literally 
going parabolic. 

413
00:24:41,840 --> 00:24:43,840
So, and that does not lie, 
right? 

414
00:24:43,840 --> 00:24:47,520
That does not lie. 
The amount of compute power that

415
00:24:47,520 --> 00:24:51,400
these AI companies or people 
that are using AI that continues

416
00:24:51,400 --> 00:24:56,400
to go through the roof. 
So it could be, you know, this, 

417
00:24:56,400 --> 00:24:59,600
this pivotal shift, right? 
And, and, and I would say 

418
00:25:00,400 --> 00:25:04,600
compared to the Internet, I 
would say that, you know, 

419
00:25:04,600 --> 00:25:09,440
ChatGPT or clod or any of the 
things that we use internally to

420
00:25:09,440 --> 00:25:11,720
make content. 
Like I got to say, guys, it's 

421
00:25:11,720 --> 00:25:15,560
made us a lot more efficient. 
It's made people a lot more 

422
00:25:15,560 --> 00:25:18,920
productive. 
So I would say it's a little bit

423
00:25:18,920 --> 00:25:24,240
different, but again, you know, 
the market tends to get over 

424
00:25:24,240 --> 00:25:26,480
euphoric. 
It tends to assign these 

425
00:25:26,480 --> 00:25:30,480
overvaluations to things that 
might not be there yet. 

426
00:25:30,480 --> 00:25:33,640
The the market ultimately is 
forward-looking, right. 

427
00:25:34,120 --> 00:25:37,080
So, you know, I don't know, I, 
I, I don't know. 

428
00:25:37,080 --> 00:25:40,760
But when I see that number, then
again I have not verified, but 

429
00:25:40,760 --> 00:25:46,360
when I'm seeing that 45% of the 
S&P 500 is connected to some AI 

430
00:25:46,360 --> 00:25:49,440
related, you know, product and 
stuff like that, you know, 

431
00:25:49,440 --> 00:25:52,560
that's where kind of like a 
little red flag goes up in my 

432
00:25:52,560 --> 00:25:54,800
head and. 
Wait, the economy is running on 

433
00:25:54,800 --> 00:25:57,440
hot? 
Air, no, I never, I never, I 

434
00:25:57,440 --> 00:25:59,120
never said that. 
I never said that. 

435
00:25:59,120 --> 00:26:04,920
But it it's just it it's to make
the case that we might be we 

436
00:26:04,920 --> 00:26:10,560
might be, it might be the market
might be assigning valuations to

437
00:26:10,560 --> 00:26:16,680
these companies that might not 
necessarily have those they they

438
00:26:16,680 --> 00:26:20,600
don't justify those valuations. 
However, how a political. 

439
00:26:20,600 --> 00:26:22,400
Response. 
No, I mean, it's the truth. 

440
00:26:22,640 --> 00:26:24,680
It's not a political response. 
It's the truth. 

441
00:26:24,880 --> 00:26:30,040
But what I will tell you, this 
is the amount of the amount of 

442
00:26:30,040 --> 00:26:35,320
compute power that is in demand 
right now that continues to go 

443
00:26:35,320 --> 00:26:38,080
parabolic and that will continue
to go parabolic. 

444
00:26:38,080 --> 00:26:44,920
And that was a big part of the 
Trump administration's plans. 

445
00:26:45,440 --> 00:26:47,920
It wasn't just crypto that they 
were focusing on. 

446
00:26:48,200 --> 00:26:52,040
It was also AI, right? 
They, they did bring in David 

447
00:26:52,040 --> 00:26:56,040
Sachs, the AI and Cryptozar. 
It wasn't just the Cryptozar, it

448
00:26:56,040 --> 00:27:00,400
was the AI and Cryptozar. 
And there's a, there's a synergy

449
00:27:00,400 --> 00:27:03,920
between both of them. 
And we have, we, we had, we had 

450
00:27:03,920 --> 00:27:08,160
the honor of having Idan, the 
CEO of, of, of, of Hive Digital 

451
00:27:08,160 --> 00:27:11,000
Technologies coming in to talk 
about this the other day. 

452
00:27:11,000 --> 00:27:13,960
And we've had Frank Holmes, the 
executive chairman of Hive to 

453
00:27:13,960 --> 00:27:15,880
come in to talk about this, 
right? 

454
00:27:17,920 --> 00:27:24,880
The amount of compute power that
is in demand to fund all these 

455
00:27:24,880 --> 00:27:30,520
better to service all this AI 
demand is continuing to go 

456
00:27:30,520 --> 00:27:34,120
through the roof. 
And if AI continues to develop 

457
00:27:34,120 --> 00:27:38,520
the way that it is and if it 
continues to be a part of 

458
00:27:38,520 --> 00:27:43,400
society, a part of the economy 
that cannot be replaced, then I 

459
00:27:43,400 --> 00:27:44,720
don't think it is a bubble at 
all. 

460
00:27:44,960 --> 00:27:47,440
I think, I think the the market 
is just. 

461
00:27:47,520 --> 00:27:51,320
OK, enough of the AI stuff. 
Nico, I was actually going to 

462
00:27:51,320 --> 00:27:55,800
ask you this yesterday. 
Do you think Sailor's right? 

463
00:27:56,440 --> 00:27:58,680
The winter is over. 
Where we at, Nico? 

464
00:27:58,680 --> 00:28:00,760
Where we at? 
Where we at in your head? 

465
00:28:02,800 --> 00:28:04,760
Is the winter over by wait? 
What did you say? 

466
00:28:04,760 --> 00:28:06,840
Are we going to see 39 K? 
So. 

467
00:28:07,040 --> 00:28:10,840
Is Ben Cowan right? 
So is is the winter over? 

468
00:28:13,920 --> 00:28:18,840
This is where like we are kind 
of in an uncharted territory. 

469
00:28:19,320 --> 00:28:23,240
If the cycle were to repeat 
itself, if the four year high 

470
00:28:23,440 --> 00:28:28,520
four year cycle is to repeat 
itself in downtrends you usually

471
00:28:28,520 --> 00:28:32,240
have a bounce back. 
We've clearly this is what has 

472
00:28:32,240 --> 00:28:34,040
happened. 
We went, we had a downtrend for 

473
00:28:34,040 --> 00:28:38,000
five months and we are having a 
bounce back, right. 

474
00:28:38,000 --> 00:28:41,120
We hit, I think it was 58 K, 60K
around that. 

475
00:28:41,360 --> 00:28:44,920
It was like 60s. 
Well, I saw 6300 or something 

476
00:28:44,920 --> 00:28:46,960
like that. 
So 6060 K. 

477
00:28:47,240 --> 00:28:52,920
So then it's normal in a 
downtrend for you to have these 

478
00:28:52,920 --> 00:28:56,160
bounce backs? 
I think for me to be fully 

479
00:28:56,160 --> 00:29:01,880
convinced that it's over, I 
would like to see 100K this year

480
00:29:02,200 --> 00:29:05,400
for me to be fully convinced. 
And at 100K you're going to be. 

481
00:29:05,480 --> 00:29:08,560
Convinced and I would also want 
to see and I would also want to 

482
00:29:08,560 --> 00:29:12,800
see that during the summer 
months, which is the famous 

483
00:29:12,800 --> 00:29:14,840
means sell in May and then go 
away. 

484
00:29:15,760 --> 00:29:18,280
Bitcoin maintains these levels 
right? 

485
00:29:18,480 --> 00:29:23,320
So it not only stays at the 77K 
region, if it goes back to the 

486
00:29:23,320 --> 00:29:28,120
63K region, it holds that line 
and if it does that over the 

487
00:29:28,120 --> 00:29:32,040
summer, then the bottoms in 
right I I, I, I could say that 

488
00:29:32,040 --> 00:29:36,080
like with with confidence right?
Of course this is speculative. 

489
00:29:36,080 --> 00:29:40,960
No one knows the future, but 
again, if you look at it from 

490
00:29:40,960 --> 00:29:45,920
the four year cycle perspective,
everything's playing out exactly

491
00:29:45,920 --> 00:29:47,920
like it has in every other 
cycle. 

492
00:29:48,160 --> 00:29:50,240
We, we, we've just had a bounce 
back. 

493
00:29:50,480 --> 00:29:53,760
This is normal. 
Every other single Bitcoin bear 

494
00:29:53,760 --> 00:29:56,960
market, guess what, we've had 
bounce backs. 

495
00:29:57,000 --> 00:30:00,400
That is totally normal. 
That is part of the course, 

496
00:30:00,720 --> 00:30:03,480
right? 
So, yeah, that's my answer to 

497
00:30:03,480 --> 00:30:06,600
that, man, is it looks really, 
really optimistic. 

498
00:30:06,600 --> 00:30:09,400
It looks great. 
The amount of Bitcoin, that 

499
00:30:09,400 --> 00:30:13,440
strategy by itself is buying 
through the stretch product, the

500
00:30:13,440 --> 00:30:16,640
amount of institutional 
interest, the fact that Bitcoin 

501
00:30:16,640 --> 00:30:20,240
is entering into geopolitics. 
You had the general, you had 

502
00:30:20,240 --> 00:30:23,760
Treasury Secretary Scott Besson 
talking about it yesterday or 

503
00:30:23,760 --> 00:30:27,400
talking about it in Congress. 
Like this is happening. 

504
00:30:27,640 --> 00:30:32,080
All of this is happening in the 
bear market year of Bitcoin. 

505
00:30:32,400 --> 00:30:35,840
Usually bear markets year, bear 
market years in Bitcoin are 

506
00:30:35,840 --> 00:30:39,000
catastrophic, right? 
You have things blowing up. 

507
00:30:39,360 --> 00:30:44,400
And we did have that depressed 
phase like I, I'm not like, you 

508
00:30:44,400 --> 00:30:47,360
know, for last month and the 
month before that Opti like 

509
00:30:47,360 --> 00:30:50,480
things are getting dark, man. 
Like things are getting dark. 

510
00:30:50,480 --> 00:30:54,320
We were getting bored. 
I was dooming so black film. 

511
00:30:54,320 --> 00:30:58,080
That is typical of bottom ish 
behavior. 

512
00:30:58,360 --> 00:31:02,280
The question is, is are we going
to just you know stay at these 

513
00:31:02,280 --> 00:31:05,200
price levels? 
Was 60 K the bottom? 

514
00:31:05,560 --> 00:31:09,160
If it is great it it, then the 
cycle's broken. 

515
00:31:09,160 --> 00:31:10,960
The four year cycle theory is 
broken. 

516
00:31:11,120 --> 00:31:14,760
But I think what everybody 
should be paying attention to is

517
00:31:14,760 --> 00:31:18,960
what Bitcoin does over the 
summer, what Bitcoin does over 

518
00:31:18,960 --> 00:31:21,040
the summer months. 
That's what everybody should be 

519
00:31:21,040 --> 00:31:24,200
paying attention to. 
If we stay at these price levels

520
00:31:24,200 --> 00:31:28,920
or if we go back down again and 
it only hit 63 K or it hits 55 

521
00:31:28,920 --> 00:31:33,440
K, that's the bottom. 
I, I, I, I, I would be extreme. 

522
00:31:33,440 --> 00:31:37,640
It it, it would for me, it would
be inconceivable to imagine that

523
00:31:37,640 --> 00:31:41,400
Bitcoin this time next year is 
going to be at 77,000. 

524
00:31:42,240 --> 00:31:46,720
The only question is the 
remaining question is did we 

525
00:31:46,720 --> 00:31:49,240
bought them out already? 
And I think we're going to find 

526
00:31:49,240 --> 00:31:53,680
out in the next three months. 
All right, that's my answer. 

527
00:31:53,840 --> 00:31:56,720
My answer is I'm going with the 
Chad Sailor. 

528
00:31:56,720 --> 00:32:00,040
It is over already 30% off the 
bottom. 

529
00:32:01,560 --> 00:32:03,320
A lot of financial advice go all
in can. 

530
00:32:03,360 --> 00:32:08,200
We also talk can we also talk 
about the fact that like the 

531
00:32:08,200 --> 00:32:13,520
figurehead of Bitcoin on Wall 
Street is just memeing like 

532
00:32:13,520 --> 00:32:16,320
crazy? 
Well, that's, that's, that's 

533
00:32:16,320 --> 00:32:18,000
kind of like, I know I'm 
trolling, but that's kind of the

534
00:32:18,000 --> 00:32:20,960
main point. 
Like I think what Sailor is 

535
00:32:20,960 --> 00:32:24,480
seeing with Stretch I, I think 
he's literally sitting there, 

536
00:32:24,480 --> 00:32:26,120
you know, in his big grand 
chair. 

537
00:32:26,120 --> 00:32:29,160
It's like I'm buying a billion 
dollars a week. 

538
00:32:29,800 --> 00:32:34,400
No amount of your guys is 
selling is going to drop this 

539
00:32:34,400 --> 00:32:38,720
when I'm buying a billion. 
The ETFs are buying billions. 

540
00:32:38,720 --> 00:32:42,440
It's just like he knows, I think
he knows he changed the game 

541
00:32:42,440 --> 00:32:44,200
here. 
So I'm going with Chad Saylor. 

542
00:32:44,480 --> 00:32:46,920
That's that's my final answer. 
It's over. 

543
00:32:49,400 --> 00:32:51,960
Go all in. 
No, don't don't go all in. 

544
00:32:52,560 --> 00:32:56,120
Hedge your bets. 
DCA, obviously just continue to 

545
00:32:56,120 --> 00:32:59,360
allocate into Bitcoin. 
But if you know, if I am I, if 

546
00:32:59,360 --> 00:33:01,880
I'm answering this question with
my friends, I'm literally 

547
00:33:01,880 --> 00:33:04,440
telling them that exact thing. 
I literally did that this week. 

548
00:33:04,440 --> 00:33:06,760
I'm like, yo, yeah, it's a good 
time to get in. 

549
00:33:07,560 --> 00:33:09,840
It might go lower, but it might 
not. 

550
00:33:10,680 --> 00:33:14,640
And obviously that's not like I,
you know, standard TA, it might 

551
00:33:14,640 --> 00:33:18,040
go up, it might go down, but I 
would be buying right now if I 

552
00:33:18,040 --> 00:33:20,800
had money on the sidelines. 
You've already missed 30% off 

553
00:33:20,800 --> 00:33:22,720
the bottom. 
And if it doesn't go back down 

554
00:33:22,720 --> 00:33:25,120
again, you're going to miss a 
huge run. 

555
00:33:25,120 --> 00:33:28,720
If you're waiting for 8600 K, 
don't do that. 

556
00:33:29,360 --> 00:33:31,440
Just start to allocate in 
Bitcoin. 

557
00:33:31,640 --> 00:33:34,240
If it goes down a little lower, 
so be it. 

558
00:33:35,080 --> 00:33:36,800
Buy more. 
You can get more Bitcoin. 

559
00:33:36,800 --> 00:33:39,880
It's on an even better discount.
That's what I'm telling my 

560
00:33:39,880 --> 00:33:41,760
friends and that's what I'm 
going to tell everyone else. 

561
00:33:41,760 --> 00:33:44,120
I I think it's a great time to 
get back into the market. 

562
00:33:45,160 --> 00:33:47,360
Final answer. 
That's the final answer. 

563
00:33:47,360 --> 00:33:50,040
All right, everybody, well, I 
hope you guys are all enjoying 

564
00:33:50,040 --> 00:33:52,000
Friday. 
I hope you guys are all 

565
00:33:52,000 --> 00:33:54,640
enjoying, you know, these these 
price levels. 

566
00:33:54,640 --> 00:33:57,560
It's it is good. 
It is good to be, you know, 

567
00:33:57,720 --> 00:34:01,720
close back to the 80K region. 
You know, being AT60K wasn't a 

568
00:34:01,720 --> 00:34:05,280
whole lot of fun. 
So enjoy it just enjoy it guys. 

569
00:34:05,280 --> 00:34:10,520
Again, it's all my strategy has 
always been the same since 2016.

570
00:34:11,400 --> 00:34:15,639
I've dollar cost average the 
entire time I've bought at every

571
00:34:15,639 --> 00:34:19,280
single top and I've bought every
single bottom and I've bought 

572
00:34:19,280 --> 00:34:24,040
every single price point in 
between and that average, that 

573
00:34:24,040 --> 00:34:29,600
DCA strategy over time, in my 
experience, tends to be the best

574
00:34:29,600 --> 00:34:31,960
strategy. 
If you're trying to trade this 

575
00:34:31,960 --> 00:34:33,920
thing, you're not going to do 
well. 

576
00:34:33,920 --> 00:34:37,480
You're going to end up with less
Bitcoin than you had before. 

577
00:34:37,480 --> 00:34:41,719
I've seen this play out so many 
times, I can't even count it on 

578
00:34:41,719 --> 00:34:44,840
my hand right like it. 
I've seen it so many and I've 

579
00:34:44,840 --> 00:34:48,600
seen O GS talk about this. 
They're like dude, like they try

580
00:34:48,600 --> 00:34:50,679
to get into all 'cause this is 
what happens. 

581
00:34:50,679 --> 00:34:54,159
And then and then it's Francis 
Puglio that said this, right? 

582
00:34:54,639 --> 00:34:59,480
Everyone wishes they were an OG,
so they tried to play the 

583
00:34:59,480 --> 00:35:04,600
trading game to accumulate OG 
levels of Bitcoin, right? 

584
00:35:04,880 --> 00:35:09,000
But the vast majority of people 
get absolutely wrecked in the 

585
00:35:09,000 --> 00:35:12,680
process and they end up with 
less Bitcoin than if they just 

586
00:35:12,840 --> 00:35:17,200
stayed humble and stack sats. 
That's the main message of 

587
00:35:17,200 --> 00:35:20,000
today's intro anyways, guys, 
it's going to be a great show. 

588
00:35:20,000 --> 00:35:22,560
We're going to be right back 
just after the break again. 

589
00:35:22,560 --> 00:35:24,160
I hope you guys are enjoying 
your Friday. 

590
00:35:24,160 --> 00:35:26,560
It's going to be a crazy, crazy 
week next week. 

591
00:35:26,560 --> 00:35:28,080
It's going to be the Bitcoin 
conference. 

592
00:35:28,080 --> 00:35:30,640
Opti's going to be holding down 
the live show while I'm there 

593
00:35:30,640 --> 00:35:32,600
and we're going to be we're 
recording some content. 

594
00:35:32,600 --> 00:35:34,440
I'm going to be racing super 
cars. 

595
00:35:34,760 --> 00:35:36,720
That's I'm. 
I've never done that before, so 

596
00:35:36,720 --> 00:35:38,560
that's going to be exciting. 
Don't crash. 

597
00:35:39,600 --> 00:35:43,640
I mean, it's a huge track, yeah,
but you know, I'll be back. 

598
00:35:43,640 --> 00:35:49,320
You got limited IQ. 
Opti is such a supportive. 

599
00:35:49,920 --> 00:35:51,520
This is this is me being 
supportive. 

600
00:35:51,880 --> 00:35:54,400
And the and the Chad so. 
This is this is how I show love 

601
00:35:54,400 --> 00:35:57,600
to my friends, OK? 
All the Chad is like like Nico, 

602
00:35:57,880 --> 00:35:59,600
it's like like I do something 
right. 

603
00:35:59,600 --> 00:36:02,640
They're like, Nico, I still hate
you, but I still. 

604
00:36:02,640 --> 00:36:04,320
Hate you because the 39 K 
prediction. 

605
00:36:04,320 --> 00:36:07,160
I still hate you, but I do 
appreciate that thing you did 

606
00:36:07,280 --> 00:36:09,480
that was OK. 
So I don't know. 

607
00:36:09,480 --> 00:36:14,200
Wait wait dude, can we make this
is totally off off topic but can

608
00:36:14,200 --> 00:36:17,800
we re Can we reiterate that one 
comment from Hurley's video? 

609
00:36:18,920 --> 00:36:21,400
Do you remember the comment? 
Let's move on. 

610
00:36:24,640 --> 00:36:27,960
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611
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612
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632
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644
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647
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guys. 
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648
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650
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651
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654
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off. 
At the time of recording, the 

655
00:39:00,640 --> 00:39:09,760
Bitcoin price is 77,680 sats per
dollar 1287 block height 946,476

656
00:39:10,080 --> 00:39:15,960
Realized monetary inflation .83%
Market cap 1.56 trillion Bitcoin

657
00:39:15,960 --> 00:39:22,160
versus gold market cap 5.18% 
Percentage issued 95.33% Decline

658
00:39:22,160 --> 00:39:25,320
from all time high 38%. 
So if you're buying Bitcoin 

659
00:39:25,320 --> 00:39:28,600
right now, you're getting it at 
a 38% discount. 

660
00:39:28,960 --> 00:39:33,560
Anyways, I do want to show this 
video, which I did find quite 

661
00:39:33,560 --> 00:39:38,760
interesting. 
And again, if anyone who's not 

662
00:39:38,760 --> 00:39:45,040
in the know, essentially there's
been these crazy videos that 

663
00:39:45,040 --> 00:39:51,720
have been going about and one of
them was this guy betting on the

664
00:39:51,720 --> 00:39:54,720
weather. 
And what he did was he took a 

665
00:39:54,720 --> 00:39:58,360
heat gun and he went to the 
airport where, like it, it tests

666
00:39:58,360 --> 00:40:01,400
what the temperature is. 
And he put the heat gun to the 

667
00:40:01,400 --> 00:40:06,120
test to the to the to the to the
to the temperature meter so that

668
00:40:06,120 --> 00:40:08,720
the temperature would be higher 
and then he would win that bet. 

669
00:40:09,240 --> 00:40:13,840
Also, there was a an even bigger
example that led to an arrest. 

670
00:40:13,840 --> 00:40:16,040
And I'm going to tie this into 
Bitcoin in just a second. 

671
00:40:17,520 --> 00:40:22,640
That was essentially a special 
forces member, someone who was 

672
00:40:22,640 --> 00:40:27,000
in the military that had the 
knowledge that the Trump 

673
00:40:27,000 --> 00:40:30,760
administration was going to 
conduct the operation in 

674
00:40:30,760 --> 00:40:33,120
Venezuela. 
That led to the arrest of 

675
00:40:33,120 --> 00:40:37,160
Nicolas Maduro, the president of
Venezuela, and then him letting 

676
00:40:37,400 --> 00:40:41,120
and then him being taken to New 
York and then him facing trial. 

677
00:40:42,680 --> 00:40:47,760
Well, one of the military 
members essentially placed the 

678
00:40:47,760 --> 00:40:53,840
bet, He placed a $37,000 bet and
he won $400,000. 

679
00:40:54,120 --> 00:40:56,840
But again, this is with insider 
knowledge. 

680
00:40:56,840 --> 00:41:00,240
So it's 2IN. 
It's two independent case 

681
00:41:00,240 --> 00:41:03,880
studies where one use insider 
knowledge of what was going to 

682
00:41:03,880 --> 00:41:07,600
happen before and the other 
basically cheated the system 

683
00:41:07,600 --> 00:41:11,040
because he knew where the 
temperature reader was and he 

684
00:41:11,040 --> 00:41:14,240
literally put a heat gun next to
it to make sure that the 

685
00:41:14,240 --> 00:41:17,320
temperature ended up higher than
what everyone was betting to. 

686
00:41:17,680 --> 00:41:20,440
And then, of course, this has 
has led to, you know, the 

687
00:41:20,440 --> 00:41:25,760
cultural mainstream where a lot 
of politicians are, are very 

688
00:41:26,680 --> 00:41:30,800
they don't feel really good 
about the prediction markets, 

689
00:41:30,800 --> 00:41:32,160
right? 
You had Elizabeth Warren trying 

690
00:41:32,160 --> 00:41:34,880
to crack down on this. 
A lot of people don't feel good 

691
00:41:34,880 --> 00:41:39,000
about it. 
Also in the sense that also in 

692
00:41:39,000 --> 00:41:46,960
the sense that, like, the polls 
are easier to manipulate from a 

693
00:41:46,960 --> 00:41:51,480
political perspective, right? 
But the betting markets are 

694
00:41:51,480 --> 00:41:54,240
extremely difficult to 
manipulate because you actually 

695
00:41:54,240 --> 00:41:56,960
have to put money on the line, 
right? 

696
00:41:57,280 --> 00:42:02,760
So of course, here's a 
journalist asking President 

697
00:42:02,760 --> 00:42:06,880
Trump, you know, about insider 
trading on the prediction 

698
00:42:06,880 --> 00:42:09,880
markets and all that stuff. 
And of course, Trump being the 

699
00:42:09,880 --> 00:42:12,120
comedian that he is, this was 
his response. 

700
00:42:13,920 --> 00:42:16,640
Or it's not loading. 
Let me give that another try. 

701
00:42:23,720 --> 00:42:28,280
Dude, Ricky, it's. 
Around the Gore conflict too. 

702
00:42:28,280 --> 00:42:31,040
And there have been some 
tracking where people suspect 

703
00:42:31,040 --> 00:42:33,480
that there's insider trading 
happening on these friction 

704
00:42:33,480 --> 00:42:36,320
markets around the Gore. 
Are you concerned? 

705
00:42:36,320 --> 00:42:38,960
Well. 
You know, the whole world, 

706
00:42:39,400 --> 00:42:43,080
unfortunately, has become 
somewhat of a casino and you 

707
00:42:43,080 --> 00:42:46,160
look at what's going on all over
the world in Europe and every 

708
00:42:46,160 --> 00:42:47,840
place they're doing these 
betting things. 

709
00:42:47,880 --> 00:42:50,960
I was never much in favor of it.
I don't like it conceptually, 

710
00:42:50,960 --> 00:42:55,480
but it is what it is. 
No, I I think that I'm not happy

711
00:42:55,480 --> 00:42:58,080
with any of that stuff. 
But they have all these 

712
00:42:58,080 --> 00:43:01,000
different sites. 
They have predictive markets. 

713
00:43:01,400 --> 00:43:03,960
It's a crazy world. 
It's a much different world than

714
00:43:03,960 --> 00:43:07,160
it was. 
So OK. 

715
00:43:07,600 --> 00:43:10,800
You got the P rouse one, dude. 
That one's funny, so that one's 

716
00:43:10,800 --> 00:43:13,760
actually funny. 
Let let's talk about this first.

717
00:43:13,760 --> 00:43:15,320
Wait, let me, let me, let me 
play this one. 

718
00:43:15,320 --> 00:43:21,000
This one is actually hilarious. 
This this one's like, dude, he's

719
00:43:21,000 --> 00:43:22,920
still got it. 
OK, This this one's just funny. 

720
00:43:23,240 --> 00:43:25,400
Yeah, hold on, hold on. 
I'm I'm, I'm fine to get. 

721
00:43:26,080 --> 00:43:27,080
Here we go. 
This one. 

722
00:43:27,080 --> 00:43:28,960
Change the camera angle. 
I'm saying 00. 

723
00:43:29,360 --> 00:43:35,600
This one is actually hilarious. 
Let me oops, sorry guys and and 

724
00:43:35,600 --> 00:43:37,840
then we'll chat about it. 
But this one is just so funny. 

725
00:43:39,440 --> 00:43:41,880
This one. 
This one legitimately cracks me 

726
00:43:41,880 --> 00:43:44,080
up. 
Mr. President, apparently there 

727
00:43:44,080 --> 00:43:48,680
was a special forces soldier who
was involved in the capture of 

728
00:43:48,680 --> 00:43:51,960
Venezuelan President Maduro, who
was arrested by federal 

729
00:43:52,040 --> 00:43:57,160
employees today on suspicion of 
insider trading and embedding on

730
00:43:57,360 --> 00:44:00,400
Polly Market. 
Are you concerned that federal 

731
00:44:00,400 --> 00:44:03,040
employees are betting on these 
prediction markets and 

732
00:44:03,040 --> 00:44:06,360
potentially getting rich? 
Well, I don't know about it, but

733
00:44:07,360 --> 00:44:09,760
was he betting that they would 
get him or they wouldn't get 

734
00:44:09,760 --> 00:44:18,000
him? 
That's like Pete Rose betting on

735
00:44:18,000 --> 00:44:19,800
his own team. 
It's a little. 

736
00:44:19,800 --> 00:44:21,120
Like Pete Rose. 
Pete Rose. 

737
00:44:21,120 --> 00:44:23,600
He kept him out of the Hall of 
Fame because he bet on his own 

738
00:44:23,600 --> 00:44:25,800
team. 
Now, if he bet against his team,

739
00:44:25,880 --> 00:44:27,840
that would be no good. 
But he bet on his own team. 

740
00:44:28,360 --> 00:44:29,320
I'll look into it. 
Yeah. 

741
00:44:32,200 --> 00:44:34,760
Oh, it's so funny, bro. 
All right, Sorry, dude, I'm 

742
00:44:34,800 --> 00:44:36,440
going to cut you off. 
It's Friday. 

743
00:44:36,440 --> 00:44:39,160
Let's have a little fun here. 
Yeah, so. 

744
00:44:39,320 --> 00:44:44,240
OK, let's talk about this like 
the world is turning into a 

745
00:44:44,240 --> 00:44:46,800
casino. 
Jack Molars has spoken about 

746
00:44:46,800 --> 00:44:48,360
this. 
I've said this on the show, 

747
00:44:48,360 --> 00:44:53,800
spoken about this. 
This is a symptom of the 

748
00:44:53,800 --> 00:45:00,840
nihilism created by the the 
theft that is happening in the 

749
00:45:00,840 --> 00:45:03,560
Fiat system. 
Full stop. 

750
00:45:04,120 --> 00:45:07,720
If you think this is not related
to Bitcoin, you're kidding 

751
00:45:07,720 --> 00:45:12,000
yourself. 
The base layer of society is 

752
00:45:12,000 --> 00:45:13,640
broken. 
It's corrupt. 

753
00:45:14,760 --> 00:45:17,960
And what are the downstream 
effects of that? 

754
00:45:19,000 --> 00:45:22,840
The downstream effects of the 
base layer of society being 

755
00:45:22,840 --> 00:45:28,800
broken is that it forces people 
to gamble. 

756
00:45:29,280 --> 00:45:35,680
It forces people to speculate. 
And then this goes to my, you 

757
00:45:35,680 --> 00:45:40,120
know, one of the, one of my, my 
most famous quotes that I, that 

758
00:45:40,120 --> 00:45:45,480
I say on Twitter, you shouldn't 
have to invest just to maintain 

759
00:45:45,480 --> 00:45:48,920
your purchasing power. 
The fact that we live in that 

760
00:45:48,920 --> 00:45:52,800
type of society, first of all, 
it causes mass wealth 

761
00:45:52,800 --> 00:45:56,120
inequality, which leads to 
political division and political

762
00:45:56,120 --> 00:45:59,000
instability, which is if you 
want to see why the country's so

763
00:45:59,000 --> 00:46:02,960
polarized right now, it's 
because people cannot afford 

764
00:46:02,960 --> 00:46:06,280
anything. 
And the reason it causes wealth 

765
00:46:06,280 --> 00:46:09,680
inequality is because only the 
wealthy are the ones that have 

766
00:46:09,680 --> 00:46:15,680
the means to save in assets. 
So we're in this situation, 

767
00:46:15,680 --> 00:46:18,720
ladies and gentlemen, right now 
where the vast majority of the 

768
00:46:18,720 --> 00:46:24,480
world, they're living in Fiat 
despair, they're living in 

769
00:46:24,840 --> 00:46:27,440
central banking despair. 
And by the way, this is a 

770
00:46:27,440 --> 00:46:32,640
feature and not a bug. 
The reason that Bitcoin is so 

771
00:46:32,640 --> 00:46:36,320
powerful is because when you 
start living on a Bitcoin 

772
00:46:36,320 --> 00:46:39,160
standard, truly living on a 
Bitcoin standard, meaning 

773
00:46:39,360 --> 00:46:44,720
denominating your net worth in 
Bitcoin, living your life on a 

774
00:46:44,720 --> 00:46:49,720
Bitcoin standard, all you have 
to do is go about your day, 

775
00:46:50,280 --> 00:46:55,440
focus on mining Fiat, putting a 
percentage of that Fiat into 

776
00:46:55,440 --> 00:46:59,480
Bitcoin. 
And as time progresses, I think 

777
00:46:59,480 --> 00:47:05,120
at least it takes a decade, you 
will get progressively richer 

778
00:47:05,120 --> 00:47:08,320
over time and the things around 
you will get less expensive over

779
00:47:08,320 --> 00:47:11,200
time. 
So that house that you wanted, 

780
00:47:12,040 --> 00:47:14,600
that car that you wanted, it's 
not to say that you're going to 

781
00:47:14,600 --> 00:47:17,880
be able to afford it, but it's 
going to get cheaper and cheaper

782
00:47:17,880 --> 00:47:21,880
and cheaper and cheaper versus 
the rat reel, the the rat wheel 

783
00:47:21,880 --> 00:47:26,280
that we live in today where you 
work and you work and you work 

784
00:47:26,280 --> 00:47:28,520
and you work. 
And that piece of real estate or

785
00:47:28,520 --> 00:47:31,480
the rent just keeps getting 
higher and higher and higher and

786
00:47:31,480 --> 00:47:34,160
higher. 
And this is a symptom of broken 

787
00:47:34,160 --> 00:47:37,760
money. 
So if you want to explain the 

788
00:47:37,760 --> 00:47:43,200
nihilism, the moral decay in 
society today, a lot of it comes

789
00:47:43,200 --> 00:47:45,760
down to broken money. 
And this is one of the things 

790
00:47:45,760 --> 00:47:48,640
that Bitcoin fixes full stop, 
right? 

791
00:47:49,240 --> 00:47:51,880
So anyhow, guys, it's going to 
be a great show. 

792
00:47:52,480 --> 00:47:54,920
We're going to be right back in 
just a little bit. 

793
00:47:54,920 --> 00:47:58,760
We still have a couple things to
talk about and we'll be right 

794
00:47:58,760 --> 00:48:01,440
back, ladies and gentlemen. 
Also, I do want to give a shout 

795
00:48:01,440 --> 00:48:05,560
out of course, to our partner 
Leaden guys, Bitcoin 

796
00:48:05,560 --> 00:48:08,040
collateralized loans and Leaden 
is the best place to do it. 

797
00:48:08,040 --> 00:48:12,440
They have a, a, a very long 
track record, $10 billion in 

798
00:48:12,440 --> 00:48:16,160
loans issued, and they've never 
lost a single SAT for their 

799
00:48:16,160 --> 00:48:17,960
clients. 
There's no monthly payments. 

800
00:48:17,960 --> 00:48:19,760
You can pay back the loan 
whenever you want. 

801
00:48:20,040 --> 00:48:23,720
There's no penalty for that, and
they just lowered their rates. 

802
00:48:24,120 --> 00:48:26,200
The reason Bitcoin 
collateralized loans are so 

803
00:48:26,200 --> 00:48:29,840
powerful is that you can tap 
into the wealth of your Bitcoin 

804
00:48:29,920 --> 00:48:32,560
without having to sell it. 
Check the link in the video 

805
00:48:32,560 --> 00:48:35,000
description, video slash podcast
description. 

806
00:48:35,320 --> 00:48:39,240
And if you use our link, you'll 
get .25% off your first loan. 

807
00:48:39,560 --> 00:48:41,840
You see this studio right here 
that we've built out. 

808
00:48:42,520 --> 00:48:45,720
We, we took out a let in loan to
be able to afford that, right? 

809
00:48:46,760 --> 00:48:48,880
So again, it's a very, very 
powerful tool. 

810
00:48:48,880 --> 00:48:51,440
You don't want to sell your 
Bitcoin, but you want to tap 

811
00:48:51,440 --> 00:48:55,080
into the wealth of your Bitcoin 
if you use them responsibly. 

812
00:48:55,080 --> 00:48:58,760
This is the keyword, right? 
It's a very powerful tool. 

813
00:48:59,000 --> 00:49:02,200
If you use it in a speculative 
manner, meaning you're taking 

814
00:49:02,520 --> 00:49:07,680
80% of your stack and you're 
taking out a loan, again, that's

815
00:49:07,680 --> 00:49:11,400
irresponsible because you are 
going to be held accountable. 

816
00:49:11,600 --> 00:49:15,160
If there is downward cell 
pressure, you're going to have 

817
00:49:15,160 --> 00:49:18,120
to come up with more collateral 
in order to service that loan, 

818
00:49:18,520 --> 00:49:20,720
right? 
But if you do it responsibly, 

819
00:49:21,000 --> 00:49:24,360
it's a very, very powerful tool.
And I see more and more people 

820
00:49:24,360 --> 00:49:27,920
and businesses doing this again 
to tap into the the wealth of 

821
00:49:27,920 --> 00:49:29,800
their Bitcoin without having to 
sell it. 

822
00:49:30,000 --> 00:49:33,400
So go to use the link below and 
check out their new rates 

823
00:49:33,400 --> 00:49:35,080
because they just lowered them. 
We're going to be right back 

824
00:49:35,080 --> 00:49:37,640
after the break. 
I want to give a shout out to 

825
00:49:37,640 --> 00:49:40,040
our partner Leadin. 
Here's something most Bitcoin 

826
00:49:40,040 --> 00:49:41,920
holders never figure out until 
it's too late. 

827
00:49:41,960 --> 00:49:44,440
If you're sitting on wealth you 
can't touch without selling, 

828
00:49:44,560 --> 00:49:47,760
Leadin fixes that. 
Bitcoin back loans, you keep 

829
00:49:47,760 --> 00:49:51,200
your stack, you get cash. 
And they just introduced their 

830
00:49:51,200 --> 00:49:54,640
lowest rates ever. 
No complexity, no fine print. 

831
00:49:54,720 --> 00:49:56,640
The larger the loan, the lower 
the rate. 

832
00:49:56,840 --> 00:50:01,200
These new rates apply to all new
loans, refinances and renewals. 

833
00:50:01,440 --> 00:50:04,000
You'll see all the rates up 
front before you apply. 

834
00:50:04,120 --> 00:50:08,000
The new lower rates come with 
Ledens Gold standard protection.

835
00:50:08,200 --> 00:50:11,720
Your Bitcoin remains custody and
is never lent out for interest. 

836
00:50:11,840 --> 00:50:16,000
Perfect eight-year track record 
of keeping clients assets safe. 

837
00:50:16,200 --> 00:50:20,200
Auto top UPS, LTV alerts and 
partial repayments to keep you 

838
00:50:20,200 --> 00:50:23,000
in control. 
Repay whenever you want with 0 

839
00:50:23,000 --> 00:50:27,760
penalties or monthly payments. 
Ledens perfect $10 billion track

840
00:50:27,760 --> 00:50:31,120
record through every market 
cycle in the last eight years 

841
00:50:31,120 --> 00:50:34,040
speaks for itself. 
Don't choose between a great 

842
00:50:34,040 --> 00:50:36,040
rate and the safety of your 
Bitcoin. 

843
00:50:36,200 --> 00:50:39,280
Get both at Leaden. 
I'm going to give a shout out to

844
00:50:39,280 --> 00:50:41,680
our partner Bit Key. 
If you already self custody your

845
00:50:41,680 --> 00:50:43,880
Bitcoin, you already know the 
deal with hardware wallets by 

846
00:50:43,880 --> 00:50:45,640
now. 
Complex setups, clumsy 

847
00:50:45,640 --> 00:50:49,000
interfaces and a seed phrase 
that can be lost, stolen or 

848
00:50:49,000 --> 00:50:51,040
forgotten. 
Bit Key fixes that. 

849
00:50:51,040 --> 00:50:54,040
Bit Key is a multi sig hardware 
wallet built by the team behind 

850
00:50:54,040 --> 00:50:56,880
Square and Cash App. 
It packs a cryptographic 

851
00:50:56,880 --> 00:50:59,920
recovery system and built in 
inheritance feature into 

852
00:50:59,920 --> 00:51:03,480
intuitive, easy to use wallet 
with no seed phrase to sweat 

853
00:51:03,480 --> 00:51:06,320
over. 
It's simple secure self custody 

854
00:51:06,360 --> 00:51:08,680
without the stress time named 
bitkey. 

855
00:51:08,680 --> 00:51:13,000
One of the best inventions of 
2024 get 20% off at bitkey dot 

856
00:51:13,000 --> 00:51:17,560
world. 
That's BITKEY dot world with the

857
00:51:17,560 --> 00:51:24,680
code simply. 
All right, ladies and gentlemen,

858
00:51:24,680 --> 00:51:28,320
a huge part of reclaiming back 
your financial sovereignty is 

859
00:51:28,320 --> 00:51:30,400
taking your Bitcoin into self 
custody. 

860
00:51:30,760 --> 00:51:33,920
And This is why we recommend the
bit Key hardware wallet. 

861
00:51:33,920 --> 00:51:37,120
It has two of three built in. 
It has inheritance built in. 

862
00:51:37,360 --> 00:51:40,960
It makes taking self custody of 
your Bitcoin incredibly easy 

863
00:51:41,120 --> 00:51:45,400
without giving up security. 
Go to bit key dot world today. 

864
00:51:45,560 --> 00:51:50,920
Use promo code simply to get 20%
off again, get yourself a bit 

865
00:51:50,920 --> 00:51:53,720
key hardware wallet. 
Not your keys, not your keys. 

866
00:51:54,240 --> 00:51:57,440
It's built by the same people 
that built square and cash App 

867
00:51:57,560 --> 00:51:59,840
Highly recommended. 
This is what I give to my 

868
00:51:59,840 --> 00:52:02,880
friends and family when I want 
them to take self custody. 

869
00:52:02,880 --> 00:52:05,320
Bitkey dot world promo code 
simply. 

870
00:52:05,680 --> 00:52:10,480
Anyways, what I do want to talk 
about today, let me pull this 

871
00:52:10,480 --> 00:52:18,480
up. 
Forgive me Opti hold it down for

872
00:52:18,480 --> 00:52:22,640
a second while I look for this. 
I don't know what you're talking

873
00:52:22,640 --> 00:52:23,360
about. 
OK here. 

874
00:52:23,600 --> 00:52:25,320
Actually, I do want to say 
something, guys. 

875
00:52:25,320 --> 00:52:30,200
Everyone hit the pole. 
I I want to see what everyone's 

876
00:52:30,200 --> 00:52:32,120
thinking right now and on that 
pole all. 

877
00:52:33,480 --> 00:52:35,160
Right, everybody. 
So first hit the pole. 

878
00:52:35,400 --> 00:52:36,960
Second, this is what I want to 
talk about. 

879
00:52:38,600 --> 00:52:40,440
Guys. 
This is a big deal. 

880
00:52:41,640 --> 00:52:45,840
Why can't play this video for 
copyright reasons, but we had 

881
00:52:45,840 --> 00:52:53,800
our boy Sam Callahan go on the 
Schwab network and they're in 

882
00:52:53,800 --> 00:52:55,880
they're they're they're talking 
to him about Bitcoin. 

883
00:52:56,040 --> 00:52:57,520
Why are they talking to him 
about Bitcoin? 

884
00:52:57,520 --> 00:52:59,880
You want to know why? 
Because Schwab is about to 

885
00:52:59,880 --> 00:53:04,560
release Bitcoin trading. 
So this is this serves 2 

886
00:53:04,560 --> 00:53:07,160
functions, right? 
Like one of the big narratives 

887
00:53:07,160 --> 00:53:10,480
that came out was that there's a
quantum threat to Bitcoin. 

888
00:53:10,480 --> 00:53:13,920
I think that's calmed down now. 
Adam Back went out and he again,

889
00:53:14,200 --> 00:53:19,080
it's crazy to to, to, it's crazy
for me to see so many people 

890
00:53:19,400 --> 00:53:22,160
arguing with Adam Back, even 
though Adam Back is a 

891
00:53:22,160 --> 00:53:25,280
cryptographer and he's mentioned
in the in the Bitcoin white 

892
00:53:25,280 --> 00:53:28,080
paper and he's literally a 
computer scientist. 

893
00:53:29,080 --> 00:53:32,120
And it's like you think you have
more knowledge than Adam Back 

894
00:53:32,120 --> 00:53:34,480
when it relates to this topic. 
I find it hilarious. 

895
00:53:35,760 --> 00:53:38,600
And it's not to say that quantum
doesn't pose a threat to 

896
00:53:38,600 --> 00:53:41,520
Bitcoin. 
I just think that it's too soon 

897
00:53:42,000 --> 00:53:44,120
like we have much bigger 
problems. 

898
00:53:44,120 --> 00:53:46,680
I don't think quantum is going 
to pose a threat to Bitcoin for 

899
00:53:46,680 --> 00:53:49,560
at least another decade. 
But a reason they they brought 

900
00:53:49,560 --> 00:53:52,640
up Sam Callahan, which is very 
well respected person in the in 

901
00:53:52,640 --> 00:53:54,320
the Bitcoin community, very 
knowledgeable. 

902
00:53:54,520 --> 00:53:57,880
I think he's with Oranja BTC 
shout out guy. 

903
00:53:59,880 --> 00:54:04,400
They wanted to put to rest the 
fears to the Schwab audience, 

904
00:54:04,480 --> 00:54:07,480
which again, are going to be 
buying Bitcoin on the Schwab 

905
00:54:07,480 --> 00:54:11,320
platform that, hey, you know, 
Quantum isn't a threat to 

906
00:54:11,320 --> 00:54:13,640
Bitcoin, at least for the 
foreseeable future. 

907
00:54:14,080 --> 00:54:17,480
And again, this is this is what 
winning looks like, ladies and 

908
00:54:17,480 --> 00:54:20,640
gentlemen, like this is. 
So it's so easy to convince 

909
00:54:20,760 --> 00:54:24,080
someone who lives in, you know, 
the developing world where they 

910
00:54:24,080 --> 00:54:27,880
have a relatively stable, 
unstable Fiat currency or their 

911
00:54:27,880 --> 00:54:30,240
currency is prone to political 
censorship. 

912
00:54:30,520 --> 00:54:33,840
But you know, in the West, 
you're not really looking at 

913
00:54:33,840 --> 00:54:38,720
Bitcoin as a as a payments tool.
You're really looking at Bitcoin

914
00:54:38,720 --> 00:54:41,720
as as an investment vehicle. 
So if you're looking at Bitcoin 

915
00:54:41,720 --> 00:54:45,440
from investment vehicle and you 
keep seeing headlines from 

916
00:54:45,440 --> 00:54:48,520
legacy media talking about 
Bitcoins under threat for 

917
00:54:48,520 --> 00:54:53,240
quantum reasons, you know, what 
better to do than to bring 

918
00:54:53,240 --> 00:54:56,480
someone from the Bitcoin 
community to go on there? 

919
00:54:56,760 --> 00:55:00,120
You know, Sam in a suit with a 
nice collared shirt to talk 

920
00:55:00,120 --> 00:55:03,160
about the fact that, hey, 
listen, quantum is not a threat,

921
00:55:03,520 --> 00:55:06,400
right? 
And this is this is what winning

922
00:55:06,400 --> 00:55:09,800
looks like, guys. 
Because ultimately we saw two 

923
00:55:09,800 --> 00:55:14,280
testimonies yesterday. 
We saw one by an Admiral talking

924
00:55:14,280 --> 00:55:17,400
about how Bitcoin is necessary 
for power projection. 

925
00:55:17,400 --> 00:55:20,160
It's a matter of national 
security. the US military is 

926
00:55:20,160 --> 00:55:22,200
running a node. 
And on the other hand, you have 

927
00:55:22,200 --> 00:55:25,520
Treasury Secretary Scott Besson 
making the case that Bitcoin is 

928
00:55:25,520 --> 00:55:27,360
going to be integral in 
payments. 

929
00:55:28,640 --> 00:55:33,560
But at the same time, those 
people aren't Bitcoiners like 

930
00:55:33,760 --> 00:55:35,880
you. 
I, I'm pretty sure Scott Besson 

931
00:55:35,880 --> 00:55:37,640
holds some Bitcoin. 
I don't know if that Admiral 

932
00:55:37,640 --> 00:55:40,680
holds some Bitcoin, but they're 
not Bitcoiners. 

933
00:55:41,200 --> 00:55:44,160
Sam Callan has a bitcoiner 
through and through, right? 

934
00:55:44,160 --> 00:55:46,640
This is someone from our, our 
neck of the woods. 

935
00:55:46,640 --> 00:55:48,880
This is someone from our 
industry, right? 

936
00:55:49,200 --> 00:55:52,200
So this is so powerful. 
It's like when Anthony Pompliano

937
00:55:52,200 --> 00:55:54,720
or Natalie Bernal go on legacy 
media. 

938
00:55:55,240 --> 00:55:58,160
Lynn Alden has been making some 
appearances on legacy media too 

939
00:55:58,160 --> 00:56:00,240
as well. 
All those people are Bitcoiners.

940
00:56:00,240 --> 00:56:02,400
They're bitcoiners hard core 
through and through. 

941
00:56:02,400 --> 00:56:04,360
They believe it. 
They've read everything there is

942
00:56:04,400 --> 00:56:07,240
to no everything there is to 
read about Bitcoin. 

943
00:56:07,520 --> 00:56:11,080
And again, now they're having 
those appearances on those 

944
00:56:11,080 --> 00:56:16,240
channels to talk to people 
outside are effing echo chamber 

945
00:56:16,240 --> 00:56:18,040
because this is what you guys 
have to understand. 

946
00:56:18,200 --> 00:56:24,040
We live in an echo chamber as a 
community and unless we want to 

947
00:56:24,040 --> 00:56:26,320
get our message out there, we 
have to break the echo chamber. 

948
00:56:26,480 --> 00:56:30,960
This is why Michael Saylor went 
on Jordan Peterson pod, Jordan 

949
00:56:30,960 --> 00:56:33,200
Peterson's podcast. 
And I remember like one of the 

950
00:56:33,200 --> 00:56:35,680
questions that Jordan Peterson 
asked Michael Saylor was like, 

951
00:56:36,040 --> 00:56:40,760
so like, you know, like, like 
bitcoins going to take over and 

952
00:56:40,760 --> 00:56:42,480
you're saying all these things 
and whatever. 

953
00:56:42,480 --> 00:56:44,400
And Michael, Michael Saylor just
said it bluntly. 

954
00:56:44,400 --> 00:56:47,480
He's like, yeah, This is why I'm
here, right? 

955
00:56:47,640 --> 00:56:50,280
Michael Saylor went on the 
Jordan Peterson podcast because,

956
00:56:50,280 --> 00:56:54,720
again, he's trying to speak to 
people outside of our bubble. 

957
00:56:54,960 --> 00:56:57,320
And that is how you move the 
Overton window. 

958
00:56:57,320 --> 00:56:59,440
That is how the bubble gets 
bigger. 

959
00:56:59,440 --> 00:57:03,120
I mean, I think bubble's a bad 
word, that that's how the circle

960
00:57:03,120 --> 00:57:05,280
gets bigger. 
That's how the adopters gets 

961
00:57:05,280 --> 00:57:07,880
bigger, right? 
Now, where you guys, you guys 

962
00:57:07,880 --> 00:57:10,000
wanna, you guys have to 
understand where we are in the 

963
00:57:10,000 --> 00:57:13,120
adoption curve, right? 
You guys know the the the famous

964
00:57:13,120 --> 00:57:16,720
S curve, the technological 
adoption curve there's the 

965
00:57:16,720 --> 00:57:19,920
innovator phase, which they are 
the O GS, the early adopters. 

966
00:57:20,280 --> 00:57:23,920
Then there's the early adopters.
Right now we're crossing the 

967
00:57:23,920 --> 00:57:26,840
chasm to the early majority 
right. 

968
00:57:26,840 --> 00:57:29,880
Make no mistake, we're in the 
early innings of the early 

969
00:57:29,880 --> 00:57:36,280
majority phase. 
So when Sam or Saylor or any of 

970
00:57:36,280 --> 00:57:44,640
these true bitcoiners go on non 
Bitcoin related media, it it 

971
00:57:44,640 --> 00:57:49,120
widens the pool, it widens the 
community, it widens the people 

972
00:57:49,120 --> 00:57:51,440
that are willing to adopt 
Bitcoin and they're going to 

973
00:57:51,440 --> 00:57:54,320
adopt Bitcoin in however way 
they feel comfortable. 

974
00:57:54,840 --> 00:57:57,920
And I think this was one of the 
hardest learning lessons for us 

975
00:57:57,920 --> 00:58:01,160
Bitcoiners, at least because we 
were looking at it from a 

976
00:58:01,160 --> 00:58:03,920
perspective of like, listen, 
guys, everyone's going to learn 

977
00:58:03,920 --> 00:58:07,840
about Bitcoin in my echo 
chamber, Opti's my Quan and 

978
00:58:07,840 --> 00:58:09,160
Nico's my Creamer. 
That's hilarious. 

979
00:58:13,080 --> 00:58:15,200
You're against Bitcoin. 
You're against freedom. 

980
00:58:15,640 --> 00:58:20,480
Wait. 
Wait, wait, wait, wait. 

981
00:58:20,600 --> 00:58:23,920
Yeah, let's see. 
So like, what you guys have to 

982
00:58:23,920 --> 00:58:27,760
understand is like, you have to 
meet people where they are. 

983
00:58:27,920 --> 00:58:32,040
And this was part of Sailor's 
genius is that he developed 

984
00:58:32,160 --> 00:58:35,440
products that were going to tap 
into different pools of capital.

985
00:58:36,080 --> 00:58:42,680
And the original utopian vision 
of Bitcoiners was, hey, man, as 

986
00:58:42,680 --> 00:58:45,160
soon as people find out that 
Bitcoin is better money, they're

987
00:58:45,160 --> 00:58:47,000
going to go and buy a hardware 
wallet and they're going to go 

988
00:58:47,000 --> 00:58:49,080
and take self custody. 
And everyone's going to take 

989
00:58:49,080 --> 00:58:51,960
self custody, and it's all going
to be peer-to-peer transactions.

990
00:58:52,000 --> 00:58:53,760
Yeah, Oh my God, that's what's 
going to happen. 

991
00:58:54,600 --> 00:58:59,360
Yeah, that voice is perfect. 
That was the original thesis, 

992
00:58:59,480 --> 00:59:01,240
right? 
That's what we all believe. 

993
00:59:02,720 --> 00:59:06,440
But that's not reality. 
That's not reality at all. 

994
00:59:06,440 --> 00:59:11,520
The reality is that if you're a 
fixed income investor, you're 

995
00:59:11,520 --> 00:59:13,720
interested in fixed income 
products. 

996
00:59:13,760 --> 00:59:17,640
This is why stretches become so 
popular. 

997
00:59:18,560 --> 00:59:22,680
If you are a traditional 
investor and you're not tech 

998
00:59:22,680 --> 00:59:28,000
savvy and Schwab is announcing 
Bitcoin trading and you feel 

999
00:59:28,000 --> 00:59:31,240
comfortable and Schwab is 
saying, hey, if you believe that

1000
00:59:31,240 --> 00:59:34,800
Bitcoin's gonna have a 25% CAGR 
moving into the future, we 

1001
00:59:34,800 --> 00:59:38,160
recommend at least a 10 to 20% 
allocation. 

1002
00:59:38,560 --> 00:59:40,280
Guess what? 
You're probably going to buy 

1003
00:59:40,280 --> 00:59:43,240
your Bitcoin on Schwab. 
If you're a Morgan Stanley 

1004
00:59:43,240 --> 00:59:46,800
client and you've been a Morgan 
Stanley your client your, your 

1005
00:59:46,800 --> 00:59:50,800
entire life. 
Are you going to listen to some 

1006
00:59:50,800 --> 00:59:55,920
random dudes on the Internet 
wearing hoodies or are you going

1007
00:59:55,920 --> 01:00:01,520
to listen to the very well done 
traditional finance suits? 

1008
01:00:01,520 --> 01:00:05,480
Professional, articulate, saying
hey, listen. 

1009
01:00:07,120 --> 01:00:10,200
This is probably a good 
allocation, and they're going to

1010
01:00:10,200 --> 01:00:13,200
get exposure to Bitcoin through 
the ETF and they're going to get

1011
01:00:13,200 --> 01:00:15,120
exposure to Bitcoin through the 
Schwab platform. 

1012
01:00:15,960 --> 01:00:18,760
Now, is that ideal? 
Of course not. 

1013
01:00:19,040 --> 01:00:21,440
We wanted the utopian vision of,
Oh my God, everyone's going to 

1014
01:00:21,440 --> 01:00:23,040
find out about Bitcoin. 
Everyone's going to take self 

1015
01:00:23,040 --> 01:00:24,000
custody. 
Oh yeah, yeah, yeah, we're going

1016
01:00:24,000 --> 01:00:25,520
to win. 
That's what everybody wanted. 

1017
01:00:26,480 --> 01:00:29,840
But that's not the reality. 
I think what Bitcoin Bitcoiners 

1018
01:00:29,840 --> 01:00:33,840
fundamentally underestimated was
human nature. 

1019
01:00:34,800 --> 01:00:36,600
Human nature. 
You have to meet people where 

1020
01:00:36,600 --> 01:00:41,560
they are and this is going to be
a multi generational transition.

1021
01:00:46,040 --> 01:00:49,360
My kids are going to grow up 
Bitcoin native. 

1022
01:00:51,280 --> 01:00:55,520
They were born into a world 
where Bitcoin existed, where 

1023
01:00:55,520 --> 01:00:57,440
Bitcoin exists. 
They were born into a world 

1024
01:00:57,440 --> 01:01:00,400
where Internet existed. 
They were born into a world 

1025
01:01:00,400 --> 01:01:03,640
where the idea of self custody 
existed. 

1026
01:01:05,720 --> 01:01:10,240
It's very difficult to convince 
someone who's used to dealing 

1027
01:01:10,240 --> 01:01:15,720
with the traditional system, to 
convince someone to do a pivot, 

1028
01:01:16,720 --> 01:01:20,040
to do the radical thing of 
taking self custody of this 

1029
01:01:20,040 --> 01:01:22,080
bearer asset. 
If you make a mistake, there's 

1030
01:01:22,080 --> 01:01:24,680
no 1800 number to call. 
That's a very radical idea, 

1031
01:01:25,280 --> 01:01:26,840
right? 
That's not to say that people 

1032
01:01:26,840 --> 01:01:28,840
haven't done it. 
That's not to say that's not, 

1033
01:01:28,840 --> 01:01:30,840
that's not to say that's not 
what we're going to continue 

1034
01:01:30,840 --> 01:01:34,600
advocating for. 
It's just the reality is that 

1035
01:01:35,480 --> 01:01:40,120
the majority of people at this 
moment in time, I think it will 

1036
01:01:40,120 --> 01:01:43,920
change over time. 
You have to meet them where they

1037
01:01:43,920 --> 01:01:45,800
are. 
That's a reality. 

1038
01:01:46,040 --> 01:01:48,360
That's why sailor's product is 
so successful. 

1039
01:01:48,680 --> 01:01:52,040
That's why sailor's products 
that's happened to different 

1040
01:01:52,040 --> 01:01:55,120
pools of capital have been so 
successful, right? 

1041
01:01:55,400 --> 01:01:59,200
And that's why it literally 
feels like literally running up 

1042
01:01:59,200 --> 01:02:02,840
a hill or like what? 
What's that famous Greek story? 

1043
01:02:03,200 --> 01:02:05,760
Sisyphus. 
Where like basically he's like 

1044
01:02:05,960 --> 01:02:08,520
pushing up a rock and then the 
rock just keeps falling down. 

1045
01:02:08,720 --> 01:02:13,240
Like over time, our pool of 
people that want to take self 

1046
01:02:13,240 --> 01:02:16,360
custody will continue to grow 
and we will continue to advocate

1047
01:02:16,360 --> 01:02:18,960
for it on simply Bitcoin. 
You guys know the deal. 

1048
01:02:19,080 --> 01:02:20,720
If it's not your keys, it's not 
your cheese. 

1049
01:02:20,720 --> 01:02:22,600
If it's not your keys, it's not 
your Bitcoin. 

1050
01:02:22,600 --> 01:02:27,560
That we, we've remained 
consistent in that messaging the

1051
01:02:27,560 --> 01:02:32,120
six years that we've done this. 
But the reality is that some 

1052
01:02:32,120 --> 01:02:36,080
people are just not there yet. 
Ideally we do get to that 

1053
01:02:36,080 --> 01:02:39,080
utopian vision of the world, but
we're not there yet. 

1054
01:02:39,680 --> 01:02:42,040
And the last example that I'll 
give before I move on to the 

1055
01:02:42,040 --> 01:02:48,960
culture segment, the wrap up 
today show is in the 80s and 90s

1056
01:02:48,960 --> 01:02:53,760
there was a theory that, and I 
need a prop for this. 

1057
01:02:54,320 --> 01:02:57,840
And the theory, the the 80s and 
90s, there is a theory that 

1058
01:02:57,880 --> 01:03:00,560
everybody in their home was 
going to have a personal 

1059
01:03:00,560 --> 01:03:03,880
computer. 
What the vision of that theory 

1060
01:03:03,880 --> 01:03:10,320
was, was that everyone was going
to have a keyboard and a 

1061
01:03:10,320 --> 01:03:12,240
monitor. 
And the monitors were so big 

1062
01:03:12,240 --> 01:03:15,960
back then. 
And that was what everyone was 

1063
01:03:15,960 --> 01:03:17,320
going to have. 
And that's how everyone was 

1064
01:03:17,320 --> 01:03:19,560
going to communicate. 
Like that's how you're going to 

1065
01:03:19,560 --> 01:03:21,960
access the Internet. 
Here's the thing. 

1066
01:03:22,720 --> 01:03:28,240
That theory played out, that 
that theory came to be true, but

1067
01:03:28,240 --> 01:03:32,440
the original idea of that theory
was completely wrong. 

1068
01:03:34,480 --> 01:03:39,440
Yes, people have laptops. 
Yes, people have screens, but 

1069
01:03:39,440 --> 01:03:43,720
not everybody has a laptop, and 
not everyone has a screen, but 

1070
01:03:43,720 --> 01:03:46,320
everyone has a computer. 
And you know what that computer 

1071
01:03:46,320 --> 01:03:48,200
is? 
It's your smartphone. 

1072
01:03:48,720 --> 01:03:51,640
That's a computer. 
That's how everybody, that's how

1073
01:03:51,640 --> 01:03:54,640
the majority of the world 
interacts with the Internet. 

1074
01:03:54,680 --> 01:03:58,960
That's how the majority of the 
world interacts with the World 

1075
01:03:58,960 --> 01:04:01,720
Wide Web. 
It's the handheld device, right?

1076
01:04:01,720 --> 01:04:04,440
That you'd literally just use 
your fingers to use it. 

1077
01:04:04,440 --> 01:04:06,800
Isn't this keyboard and mouse 
and whatever? 

1078
01:04:06,960 --> 01:04:10,480
And the reason I'm bringing up 
that example is it's the perfect

1079
01:04:10,480 --> 01:04:15,480
analogy to where we are. 
I don't think most people are 

1080
01:04:15,480 --> 01:04:19,280
comfortable with taking self 
custody. 

1081
01:04:19,960 --> 01:04:22,280
I, I just don't, I don't think 
most people are, are, are there 

1082
01:04:22,280 --> 01:04:25,000
yet. 
I think as time progresses and 

1083
01:04:25,000 --> 01:04:28,000
you have innovations like the 
bit key that make it incredibly 

1084
01:04:28,000 --> 01:04:30,960
easy to take self custody, I 
think you're going to have more 

1085
01:04:30,960 --> 01:04:33,480
and more people feeling 
comfortable with that idea. 

1086
01:04:33,960 --> 01:04:37,800
But I think it's going to be, as
I said, a multi generational 

1087
01:04:37,800 --> 01:04:39,600
thing. 
Anyways, guys, we're going to be

1088
01:04:39,600 --> 01:04:42,440
right back in just a bit. 
We have the culture segment. 

1089
01:04:42,560 --> 01:04:45,560
Let's check it out. 
I want to give a shout out to 

1090
01:04:45,560 --> 01:04:48,080
our partner Hive Digital 
Technologies. 

1091
01:04:48,160 --> 01:04:52,960
Fueled by clean energy, Hive has
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1092
01:04:52,960 --> 01:04:56,840
mining footprint and channels 
that same scale into high 

1093
01:04:56,840 --> 01:05:00,800
performance compute, where their
AI cloud is now ranked number 

1094
01:05:00,800 --> 01:05:03,400
one in the world for network 
performance. 

1095
01:05:03,600 --> 01:05:08,080
At Hive, you've got dual 
engines, Bitcoin and AI humming,

1096
01:05:08,280 --> 01:05:10,400
roaring, accelerating and 
unison. 

1097
01:05:10,480 --> 01:05:12,960
They're lean and mean. 
They're green and clean, and 

1098
01:05:12,960 --> 01:05:16,200
they're rewriting the playbook 
on sustainable digital 

1099
01:05:16,280 --> 01:05:19,320
infrastructure. 
You can catch the latest buzz at

1100
01:05:19,320 --> 01:05:22,600
Hive Digital Tech or at Hive 
digitaltech.com. 

1101
01:05:23,280 --> 01:05:26,720
I want to give a shout out to 
our partnersat123.com. 

1102
01:05:26,880 --> 01:05:29,440
Sovereignty isn't just about 
your money, it's about your 

1103
01:05:29,440 --> 01:05:32,520
communications, too. 
When the grid goes down, most 

1104
01:05:32,520 --> 01:05:35,480
people go dark. 
Cell towers fail in hurricanes, 

1105
01:05:35,480 --> 01:05:38,040
cyber attacks and blackouts with
satellite phones. 

1106
01:05:38,120 --> 01:05:39,840
They don't rely on local 
infrastructure. 

1107
01:05:39,960 --> 01:05:44,360
Iridium has 77 satellites in 
orbit giving you a Direct Line 

1108
01:05:44,760 --> 01:05:46,440
anywhere in the US, even 
offshore. 

1109
01:05:46,520 --> 01:05:49,520
If you hold your own Bitcoin 
keys, you should hold your own. 

1110
01:05:49,520 --> 01:05:54,080
commstoosat123.com also has 
everything you need to start 

1111
01:05:54,080 --> 01:05:56,960
building your Bitcoin. 
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1112
01:05:56,960 --> 01:06:00,760
backups, Verde bags to protect 
your hardware wallets, and much 

1113
01:06:00,760 --> 01:06:03,600
much more. 
It's a one stop shop for anyone 

1114
01:06:03,600 --> 01:06:06,360
serious about resilience and off
grid independence. 

1115
01:06:06,360 --> 01:06:09,240
Stay connected, stay 
independent, stay soft. 

1116
01:06:09,600 --> 01:06:15,000
Go to sat123.com/simply today 
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1117
01:06:15,080 --> 01:06:24,520
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1118
01:06:24,960 --> 01:06:27,640
killing me today. 
You guys are on fire today, bro,

1119
01:06:28,280 --> 01:06:31,720
I I'm really it's Friday, dude. 
I'm just going to shoot the 

1120
01:06:31,720 --> 01:06:33,760
shit. 
Just you know, I really want to 

1121
01:06:33,760 --> 01:06:37,520
talk about this poll here. 
Well, I, I we don't like for the

1122
01:06:37,520 --> 01:06:39,400
rumble guys. 
You guys yell at me. 

1123
01:06:41,120 --> 01:06:43,200
Let's get it. 
Maybe we can get polls on 

1124
01:06:43,200 --> 01:06:45,000
Rumble, but we don't have polls 
on Rumble. 

1125
01:06:45,000 --> 01:06:46,200
They're like, we always ignore 
you. 

1126
01:06:46,200 --> 01:06:50,360
So we're doing the YouTube poll 
and I'm ending it now. 

1127
01:06:50,360 --> 01:06:54,240
Oh, where'd it go? 
What's going on? 

1128
01:06:54,840 --> 01:06:58,800
I just lost it. 
I see it is crypto winter over. 

1129
01:06:58,800 --> 01:06:59,160
Yeah. 
What? 

1130
01:06:59,160 --> 01:07:00,560
What? 
What are the results at last? 

1131
01:07:00,640 --> 01:07:04,720
So 200, wow, a lot of votes. 
So 212 votes say yes, crypto 

1132
01:07:04,720 --> 01:07:08,920
winter is over and 40 and 45% 
say no. 

1133
01:07:08,920 --> 01:07:10,720
I'm gonna end the poll right 
there. 

1134
01:07:11,120 --> 01:07:14,240
So the majority that's not good.
Yeah, I mean, but it is, but it 

1135
01:07:14,240 --> 01:07:17,280
is our content. 
It is 5050 but that, but it is 

1136
01:07:17,280 --> 01:07:19,880
close to 5050. 
It wasn't like the node the node

1137
01:07:19,880 --> 01:07:23,840
poll. 
That we got wrecked bro, shame 

1138
01:07:23,840 --> 01:07:26,280
on you. 
Why don't Why don't you watch a?

1139
01:07:27,000 --> 01:07:30,480
Shame on you guys. 
We ran this poll and it was like

1140
01:07:30,960 --> 01:07:36,880
80% said I don't run a node and 
then 20% ran a node like and you

1141
01:07:36,880 --> 01:07:38,080
guys are tuned into simply 
Bitcoin. 

1142
01:07:38,080 --> 01:07:39,720
You should be running a node or 
you don't. 

1143
01:07:39,720 --> 01:07:42,360
You literally don't have a vote 
if you don't run a node. 

1144
01:07:42,360 --> 01:07:44,760
Guys like, well, you know what 
I'm going to take away from this

1145
01:07:44,760 --> 01:07:48,240
poll, Nico, is I get them so 
bullish that they also agreed 

1146
01:07:48,240 --> 01:07:51,200
the crypto winter is over. 
So I don't think this is a good 

1147
01:07:51,200 --> 01:07:54,000
sample size of what the broader 
market thinks. 

1148
01:07:54,560 --> 01:07:56,600
So I'm going to trade with you 
guys on this one. 

1149
01:07:56,600 --> 01:07:58,560
I'm going with it is over as 
well. 

1150
01:07:58,560 --> 01:08:01,320
But the node one is brutal. 
Guys, that one, we got to up 

1151
01:08:01,360 --> 01:08:03,160
those numbers up. 
Yeah, we got to up those 

1152
01:08:03,160 --> 01:08:05,640
numbers. 
And and I, I really wanted to 

1153
01:08:05,640 --> 01:08:09,680
do, someone actually brought it 
up yesterday and I wanted to do 

1154
01:08:09,680 --> 01:08:14,880
it, but I felt like it, it's in 
that kind of weird Gray area of 

1155
01:08:14,880 --> 01:08:16,680
like almost doxing. 
So I didn't want to do it. 

1156
01:08:17,080 --> 01:08:21,000
But I did see a very good click 
clip of Checkmatey and I, I 

1157
01:08:21,000 --> 01:08:24,840
think I brought it up on the 
show and it was the question 

1158
01:08:24,840 --> 01:08:26,720
that someone sent in the chats 
like you should do a poll of how

1159
01:08:26,720 --> 01:08:31,000
many people self custody their 
Bitcoin and I but that's yeah, 

1160
01:08:31,000 --> 01:08:33,439
that's a little Gray area. 
I I that's, that felt like 

1161
01:08:33,439 --> 01:08:34,640
doxing. 
So I didn't do it. 

1162
01:08:34,960 --> 01:08:38,000
But that, that is an interesting
question 'cause I did see, I 

1163
01:08:38,000 --> 01:08:40,319
think, I think I brought it up. 
Check Matey did a pretty good 

1164
01:08:40,319 --> 01:08:41,640
clip. 
I think it was on Natalie 

1165
01:08:41,640 --> 01:08:46,160
Burnell and he basically said 
something on the lines of, look,

1166
01:08:47,520 --> 01:08:50,560
if we're probably being 
realistic, it's probably around 

1167
01:08:50,560 --> 01:08:53,319
like 100,000 people that 
actually self custody. 

1168
01:08:53,640 --> 01:08:58,560
And as much as we may not like 
it, the ETFs definitely made it 

1169
01:08:58,560 --> 01:09:01,640
easier for people to get 
exposure to Bitcoin because 

1170
01:09:01,640 --> 01:09:03,760
people don't want to self 
custody their Bitcoin. 

1171
01:09:04,200 --> 01:09:07,279
And you know, that's, that's 
some uncomfortable truths here 

1172
01:09:07,279 --> 01:09:12,279
that we, we really don't like as
Bitcoiners, but that's I, I 

1173
01:09:12,279 --> 01:09:15,560
think that's true. 
Now running a note guys, it's 

1174
01:09:15,560 --> 01:09:18,760
not that difficult. 
It's really not that difficult. 

1175
01:09:18,760 --> 01:09:24,240
If you watch this show you you 
need to at some point run a node

1176
01:09:24,880 --> 01:09:27,160
either on a computer stand 
alone, whatever. 

1177
01:09:27,520 --> 01:09:31,120
Obviously we, we have said in 
the past, you know, you got to 

1178
01:09:31,120 --> 01:09:33,840
get, you got to buy Bitcoin and 
then then you got to get into 

1179
01:09:33,840 --> 01:09:40,640
self custody and then finally 
you need to run a node and once 

1180
01:09:40,640 --> 01:09:43,439
you do that, you're a real 
bitcoiner. 

1181
01:09:43,439 --> 01:09:45,000
You're sovereign. 
You're sovereign. 

1182
01:09:45,120 --> 01:09:47,760
Anyways, guys, to wrap up 
today's show, I do want to give 

1183
01:09:47,760 --> 01:09:50,840
a shout out to our sponsor, the 
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1184
01:09:51,479 --> 01:09:53,160
That's it guys, starts on 
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1185
01:09:53,560 --> 01:09:55,680
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01:09:56,200 --> 01:10:01,160
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01:10:01,440 --> 01:10:05,600
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1190
01:10:13,760 --> 01:10:16,560
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1191
01:10:17,440 --> 01:10:22,520
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1192
01:10:22,800 --> 01:10:28,720
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1193
01:10:28,720 --> 01:10:32,480
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1194
01:10:32,480 --> 01:10:34,560
off your tickets. 
All right, everybody, have a 

1195
01:10:34,560 --> 01:10:37,320
wonderful weekend. 
Opti will be back next week. 

1196
01:10:37,320 --> 01:10:39,760
Holding it down and I'll be back
the week after. 

1197
01:10:39,760 --> 01:10:42,280
Once I get back from Vegas, I'll
be back on the Friday show next 

1198
01:10:42,280 --> 01:10:46,320
week. 
Enjoy your family, eat some good

1199
01:10:46,320 --> 01:10:50,160
food, get some sun, go touch 
some grass, enjoy the weekend, 

1200
01:10:50,160 --> 01:10:53,320
unplug and we'll be back on 
Monday. 

1201
01:10:53,320 --> 01:10:55,320
All right, take care everybody, 
have a great weekend. 

1202
01:10:56,440 --> 01:10:59,960
Today's episode was brought to 
you by bitcoinwell.com, a 

1203
01:10:59,960 --> 01:11:03,080
Bitcoin only platform on a 
mission to enable financial 

1204
01:11:03,080 --> 01:11:03,920
independence.