1 00:00:01,360 --> 00:00:06,360 Yeah, we finally know the reason why the world's largest bank has 2 00:00:06,360 --> 00:00:10,760 been attacking strategy and Bitcoin this past week. 3 00:00:10,960 --> 00:00:13,640 It's a lot more insidious than we thought it was. 4 00:00:13,680 --> 00:00:18,000 I would say on the verge of Machiavellian, some 40 chess 5 00:00:18,000 --> 00:00:21,320 type of stuff. JP Morgan has partnered up with 6 00:00:21,320 --> 00:00:26,680 BlackRock, officially launching a new Bitcoin product that's 7 00:00:26,680 --> 00:00:31,960 essentially competing with Michael Saylor's 2025 Bitcoin 8 00:00:31,960 --> 00:00:34,720 Playbook. What's really interesting on the 9 00:00:34,880 --> 00:00:39,680 is on the same day they also released a new Bitcoin price 10 00:00:39,680 --> 00:00:46,840 predicting 240,000 Bitcoin. Did JP Morgan just cancel the 11 00:00:46,840 --> 00:00:51,080 big the bear market to really pump their bags? 12 00:00:51,080 --> 00:00:54,320 I think that's the question of today, but I kind of want to go 13 00:00:54,320 --> 00:00:57,360 down memory lane a little bit. And of course I'm joined here 14 00:00:57,520 --> 00:01:01,160 with my legendary Co host, good friends and business partner 15 00:01:01,320 --> 00:01:03,720 Optimus Fields, Co founder of simply Bitcoin. 16 00:01:03,920 --> 00:01:06,560 And I will say happy Thanksgiving, everybody. 17 00:01:06,560 --> 00:01:10,080 We're here drinking some Bailey's equivalent, having a 18 00:01:10,240 --> 00:01:12,280 good time. We're working for you guys on 19 00:01:12,280 --> 00:01:13,880 Thanksgiving. You can't really blame us. 20 00:01:14,080 --> 00:01:19,840 But what I'm really saying is like, holy effing cow. 21 00:01:19,840 --> 00:01:24,440 Like we went from Monday thinking that, you know, wow, 22 00:01:24,480 --> 00:01:27,600 you know, Jamie Dimon was like doing this with his fingers and 23 00:01:27,600 --> 00:01:29,960 he was twirling his mustache. He doesn't even have a mustache, 24 00:01:29,960 --> 00:01:33,240 but a figurative mustache. And he was like, OK, I'm going 25 00:01:33,240 --> 00:01:36,240 to take down MicroStrategy. That's not at all what he was 26 00:01:36,240 --> 00:01:39,200 doing. What he was actually doing was 27 00:01:39,200 --> 00:01:44,880 he was fighting strategy while simultaneously coming up with a 28 00:01:44,880 --> 00:01:49,560 strategy a, a strategy equivalent product, which tells 29 00:01:49,560 --> 00:01:52,520 me a couple of things because you got to look at the buried 30 00:01:52,520 --> 00:01:55,760 lead here. The buried lead here is that 31 00:01:55,920 --> 00:02:01,400 he's confirming that Michael Saylor's thesis is correct. 32 00:02:01,880 --> 00:02:05,400 That's the alpha. That's the effing signal right 33 00:02:05,400 --> 00:02:08,600 there, ladies and gentlemen, because he wouldn't be doing 34 00:02:08,600 --> 00:02:14,480 this if he didn't think that Strategies Pay Playbook had long 35 00:02:14,480 --> 00:02:21,120 term viability #2 he sees strategy as a long term threat. 36 00:02:21,840 --> 00:02:26,760 You don't have JP Morgan reacting the way they reacted. 37 00:02:27,480 --> 00:02:29,800 And of course we have all the receipts for you guys. 38 00:02:29,800 --> 00:02:31,440 You guys know the deal here by now. 39 00:02:32,720 --> 00:02:38,000 He wouldn't be reacting this way if he didn't believe that in 40 00:02:38,000 --> 00:02:44,680 10-15 years strategies, playbook and thesis was correct. 41 00:02:44,840 --> 00:02:49,640 Because if Michael Saylor is correct, he will be the richest 42 00:02:49,640 --> 00:02:52,520 man in the world or the second richest man in the world. 43 00:02:52,560 --> 00:02:56,760 If if, if Elon's thesis about these autonomous AI powered 44 00:02:56,760 --> 00:03:00,080 robots plays out, I'm very, very bullish on. 45 00:03:00,080 --> 00:03:02,000 Tesla. Long term, and I know Opti's 46 00:03:02,000 --> 00:03:06,880 going to be very, you know, very it it, it is called the optimist 47 00:03:06,880 --> 00:03:08,920 robot, right. So I understand why Opti 48 00:03:08,920 --> 00:03:11,520 wouldn't like it. But the the, the the point I'm 49 00:03:11,520 --> 00:03:15,880 trying to make though is that with sailors current position as 50 00:03:15,880 --> 00:03:21,440 market leader with 650,000 Bitcoin and I think the second 51 00:03:21,560 --> 00:03:25,600 largest treasury company is like Mara and 21 and they have like 52 00:03:25,600 --> 00:03:29,320 50,000 Bitcoin. For them to catch up to 53 00:03:29,320 --> 00:03:32,800 strategy. It's just it's, it's, it's a 54 00:03:32,800 --> 00:03:36,880 monumental effort, right? So strategy has this like first 55 00:03:36,880 --> 00:03:39,480 mover advantage. Now, if you were one of the 56 00:03:39,480 --> 00:03:43,920 traditional banks and you're looking at strategy, the way 57 00:03:43,920 --> 00:03:48,440 that I would look at strategy is like strategy is basically a 58 00:03:48,440 --> 00:03:51,720 non, even though the Federal Reserve is non is is non 59 00:03:51,720 --> 00:03:54,400 government entity. But the way that I would look at 60 00:03:54,400 --> 00:03:58,320 strategy is I would say, Oh my God, this is like a non 61 00:03:58,840 --> 00:04:04,080 sovereign private Bitcoin central bank. 62 00:04:04,560 --> 00:04:07,320 That's right. I said it, I said it Opti, I 63 00:04:07,320 --> 00:04:09,480 said it. I said I have no shame right 64 00:04:09,480 --> 00:04:12,800 now. My my filters are are not 65 00:04:12,800 --> 00:04:17,440 filtered. So the point I'm trying to say 66 00:04:17,440 --> 00:04:21,720 is like, this is crazy. What just happened this past 67 00:04:21,720 --> 00:04:22,960 week. This is wild. 68 00:04:22,960 --> 00:04:30,080 This is bananas because like, essentially they try to trip up 69 00:04:30,080 --> 00:04:34,560 MicroStrategy, shorting the stock, getting all this FUD. 70 00:04:34,760 --> 00:04:38,400 The Bitcoin price went down to 80 K, and then they're like, 71 00:04:38,400 --> 00:04:42,520 hey, guys, actually, we actually have a better Bitcoin product. 72 00:04:43,400 --> 00:04:45,760 Yeah, that's crazy. So what am I talking about? 73 00:04:45,760 --> 00:04:47,360 Let's check out this Yahoo article. 74 00:04:47,840 --> 00:04:52,440 JP Morgan's structured notes offer potentially massive 75 00:04:52,440 --> 00:04:55,840 returns if Bitcoin surges by 2028. 76 00:04:56,000 --> 00:05:00,160 Now that makes no effing sense. Think about that for a second. 77 00:05:00,800 --> 00:05:04,920 Right on Monday, they were flooding the market. 78 00:05:05,240 --> 00:05:07,080 They're trying to market. They're trying to make the 79 00:05:07,080 --> 00:05:10,440 market go down because whether you like it or not, 80 00:05:12,200 --> 00:05:14,840 MicroStrategy or strategy, it's not called MicroStrategy more 81 00:05:14,840 --> 00:05:18,840 strategy acts as like a proxy for the Bitcoin price in the 82 00:05:18,840 --> 00:05:20,880 traditional finance and the financial markets. 83 00:05:21,360 --> 00:05:26,760 So if you're shorting the hell out of strategy, the Bitcoin 84 00:05:26,760 --> 00:05:29,560 price is going to go along, is going to go down along with it. 85 00:05:29,880 --> 00:05:33,800 That's just going to happen. And then simultaneously on 86 00:05:33,800 --> 00:05:37,520 September on, on November 25th, they come out and saying, hey 87 00:05:37,520 --> 00:05:43,840 guys, actually, if Bitcoin surges by 2028, which is a high 88 00:05:43,840 --> 00:05:48,600 likelihood, if we're we're being honest and sincere here, you're 89 00:05:48,600 --> 00:05:53,200 actually going to make a shitake ton of money, right? 90 00:05:53,480 --> 00:05:55,280 Like that's what's going to happen, right? 91 00:05:55,760 --> 00:05:58,840 So let's take a let's take a look at some of this article JP 92 00:05:58,840 --> 00:06:01,560 Morgan Chase has filed with regulators for a leveraged 93 00:06:01,560 --> 00:06:05,160 product that would allow investors to bet on the future 94 00:06:05,160 --> 00:06:09,200 of future price of Bitcoin and potentially earned uncapped 95 00:06:09,200 --> 00:06:14,640 returns if the price of BTC falls by late next year, but 96 00:06:14,640 --> 00:06:18,640 then soars by 2028. Now think about that for an 97 00:06:18,640 --> 00:06:22,160 effing second, all right, think about that for a second. 98 00:06:22,720 --> 00:06:24,800 So it kind of makes sense, right? 99 00:06:24,800 --> 00:06:29,600 Why they were MicroStrategy while they're fighting Bitcoin 100 00:06:29,840 --> 00:06:35,000 It, it works so good that we went down to 80 F&K, right? 101 00:06:35,560 --> 00:06:37,480 You know, me and Opti are divided on this. 102 00:06:37,480 --> 00:06:41,880 I still think we're going to have a not a crazy bear market. 103 00:06:41,880 --> 00:06:46,360 I don't think we're going down 80% Seventy Ki could be 70%. 104 00:06:46,360 --> 00:06:49,040 I I could be wrong here. I just don't foresee that 105 00:06:49,040 --> 00:06:51,080 happening with the amount of institutional interest. 106 00:06:51,400 --> 00:06:54,480 But I still am on the fence of like I've, I've felt this 107 00:06:54,480 --> 00:06:59,800 feeling before in terms of my last bear markets 2018 and 2022 108 00:07:00,280 --> 00:07:03,200 and I'm feeling that feeling. Opti disagrees. 109 00:07:03,200 --> 00:07:05,360 Opti still thinks we still have gas in the tank. 110 00:07:05,640 --> 00:07:09,360 We shall see. This is not a a speculative 111 00:07:09,360 --> 00:07:10,720 chart. Boy type of show. 112 00:07:10,720 --> 00:07:14,120 This is more of like a culture type of vibe show slash 113 00:07:14,160 --> 00:07:17,200 entertainment show. But this is nuts. 114 00:07:17,200 --> 00:07:19,920 This is crazy. You know, it's so interesting to 115 00:07:19,920 --> 00:07:23,640 me because I was talking to a buddy of mine and he's a good 116 00:07:23,640 --> 00:07:26,400 buddy of mine, man. And he worked in the traditional 117 00:07:26,400 --> 00:07:27,600 markets. And I'm like, dude, they're 118 00:07:27,600 --> 00:07:28,920 manipulating the price of Bitcoin. 119 00:07:28,920 --> 00:07:33,320 And he's like, bro, that's some weak sauce type of shiitake, 120 00:07:33,320 --> 00:07:34,720 Nico. Like, what are you talking 121 00:07:34,720 --> 00:07:35,880 about? They're manipulating the type of 122 00:07:36,120 --> 00:07:39,200 dude, Wall Street. This is how Wall Street 123 00:07:39,200 --> 00:07:41,640 operates, bro. This is not manipulation. 124 00:07:41,640 --> 00:07:44,640 This is their normal course of business, right? 125 00:07:44,880 --> 00:07:47,480 Like what? Get this manipulation stuff out 126 00:07:47,480 --> 00:07:50,560 of they're trying to shake you out of their bags, shake you out 127 00:07:50,560 --> 00:07:52,360 of your bags so they can buy your Bitcoin. 128 00:07:52,360 --> 00:07:55,560 Like it comes down to that. Like, welcome to Wall Street 129 00:07:55,560 --> 00:07:57,640 capitalism, if you even call it that. 130 00:07:57,640 --> 00:07:59,240 Welcome to the adults. Table right? 131 00:07:59,240 --> 00:08:01,320 Welcome to the adults table. Exactly. 132 00:08:01,560 --> 00:08:04,920 So anyways, this is a a Monday filing with the SEC from the top 133 00:08:04,920 --> 00:08:09,120 bank shows that the proposed leveraged product in the in the 134 00:08:09,120 --> 00:08:13,920 form of a structured note would allow investors to bet big on 135 00:08:13,920 --> 00:08:18,000 the on the leading cryptocurrency via the BlackRock 136 00:08:18,000 --> 00:08:20,800 ETF. The financial instrument has 137 00:08:20,800 --> 00:08:24,440 some quirks, however. According to prospects, if the 138 00:08:24,440 --> 00:08:28,960 price of Bitcoin ETF is equal to or above the set price by 139 00:08:28,960 --> 00:08:34,640 December 21st, 2026, then JP Morgan will JP Morgan Chase will 140 00:08:34,640 --> 00:08:38,320 call the notes, providing a payment of at least $160 per 141 00:08:38,320 --> 00:08:41,840 note. Excuse me, but if the price is 142 00:08:41,840 --> 00:08:45,400 below that mark in a year's time, then the notes will keep 143 00:08:45,400 --> 00:08:49,320 riding until 2028. In that case, if the product is 144 00:08:49,320 --> 00:08:53,680 approved by the SEC, of course, investors would be able to earn 145 00:08:53,840 --> 00:08:59,000 1.5 X returns on whatever gains the cryptocurrency marks makes 146 00:08:59,160 --> 00:09:03,480 by the year 2028, potentially clearing the way for massive 147 00:09:03,480 --> 00:09:06,040 rewards. JP Morgan called the potential 148 00:09:06,040 --> 00:09:09,840 return uncapped, which means if Bitcoin soars to new highs by 149 00:09:09,840 --> 00:09:13,680 2028, which means the ETF share price would follow suit, then 150 00:09:13,680 --> 00:09:16,560 the amplified gains could be sizable indeed. 151 00:09:16,960 --> 00:09:20,760 But if Bitcoin price crashes hard by 40% or more than 152 00:09:20,760 --> 00:09:23,560 investors would lose a substantial portion of their 153 00:09:23,560 --> 00:09:25,680 initial investment, according to the filing. 154 00:09:25,920 --> 00:09:29,320 Big risk, big reward or loss quote. 155 00:09:29,400 --> 00:09:33,840 Bitcoin has historically exhibited high price volatility 156 00:09:34,000 --> 00:09:37,200 relative to more traditional asset classes and has 157 00:09:37,200 --> 00:09:40,640 experienced extreme volatility in recent periods and may 158 00:09:40,640 --> 00:09:44,640 continue to do so, which may increase the volatility of the 159 00:09:44,640 --> 00:09:49,600 fund, the filing notes. That's some sketchy ass type of 160 00:09:49,680 --> 00:09:54,320 wording. So again, if this product was 161 00:09:54,320 --> 00:09:59,200 released in a vacuum in and of itself, I wouldn't be 162 00:09:59,360 --> 00:10:00,400 suspicious. I would. 163 00:10:00,400 --> 00:10:02,680 I would be. It's not suspicious as the 164 00:10:02,680 --> 00:10:05,800 incorrect word because I think we all have to put our big boy 165 00:10:05,800 --> 00:10:09,800 point, a big boy pants on now or big gal pants. 166 00:10:09,840 --> 00:10:15,560 You know and understand that this is Wall Street's game now. 167 00:10:16,120 --> 00:10:18,120 Bitcoin is Wall Street's game now. 168 00:10:18,120 --> 00:10:23,320 Like this isn't what we're used to, which is this retail driven 169 00:10:23,560 --> 00:10:28,120 type of market. This is not the situation 170 00:10:28,120 --> 00:10:31,320 anymore. So now you have professionals, 171 00:10:31,520 --> 00:10:37,560 now you have people the most the the wealthiest, smartest. 172 00:10:37,560 --> 00:10:40,200 There's a reason it's called smart money, right? 173 00:10:40,680 --> 00:10:44,240 Firms in the world that are behind these banks are behind 174 00:10:44,240 --> 00:10:50,000 these products and when they release this type of product, 175 00:10:50,400 --> 00:10:54,400 you got to ask yourself, OK, so it's big reward. 176 00:10:54,400 --> 00:10:57,640 There's the carrot, but if the if it goes the other way, 177 00:10:57,640 --> 00:11:01,160 they're like, you know what, you took the risk, man. 178 00:11:01,160 --> 00:11:05,120 Like it's, it's you took the risk that's on you. 179 00:11:06,320 --> 00:11:12,120 Like we told you so in the small letters and you guys decided not 180 00:11:12,280 --> 00:11:16,000 to like that's not our fault. So this is what's happening. 181 00:11:16,040 --> 00:11:19,160 Wall Street is getting into the Bitcoin game. 182 00:11:19,200 --> 00:11:21,760 The market is fundamentally changing. 183 00:11:22,160 --> 00:11:26,680 I can say for, for a fact, I'm very confident you, you know 184 00:11:26,680 --> 00:11:29,120 nothing for a fact, none of this is financial advice, but I'm 185 00:11:29,120 --> 00:11:33,840 very confident from like a gut instinctual feeling that I think 186 00:11:34,480 --> 00:11:38,280 the Bitcoin markets have fundamentally changed since the 187 00:11:38,520 --> 00:11:42,280 introduction of the Bitcoin BlackRock ETF in January of 188 00:11:42,280 --> 00:11:45,240 2024. I think the markets have 189 00:11:45,240 --> 00:11:47,320 changed. I think that it's just a 190 00:11:47,320 --> 00:11:49,520 different ball game now. And now you have the 191 00:11:49,520 --> 00:11:52,880 professionals, because that's what they are the professionals 192 00:11:52,880 --> 00:11:57,720 entering in and they're seeing all these wealthy ass retail 193 00:11:57,720 --> 00:12:03,680 people that got filthy rich during the last pumps, right? 194 00:12:04,560 --> 00:12:08,600 And I think they're like, I'm going to take this kids candy. 195 00:12:08,680 --> 00:12:10,520 I'm going to take, you know, I'm going to take this. 196 00:12:10,800 --> 00:12:12,960 This retail kid thinks he knows what he's doing. 197 00:12:13,000 --> 00:12:16,280 OK, you bought Bitcoin 300K. Good for you. 198 00:12:16,520 --> 00:12:18,320 I'm going to shake you out of your bags, bro. 199 00:12:18,920 --> 00:12:22,000 I think that's what's happening. So anyways, moving on to this 200 00:12:22,000 --> 00:12:26,000 next piece of source material. Here's Adrian part of Bitcoin 201 00:12:26,000 --> 00:12:30,360 for corporations is the timeline of the MSTR hit job is complete 202 00:12:30,360 --> 00:12:34,360 and it all makes sense now JP Morgan and Morgan JP Morgan and 203 00:12:34,360 --> 00:12:38,600 Morgan Stanley are launching leverage black Bitcoin ETF 204 00:12:38,600 --> 00:12:43,600 products. The the connection who is MSCI 205 00:12:43,800 --> 00:12:47,800 Morgan Stanley Capital International the play the index 206 00:12:47,800 --> 00:12:52,400 threatens to displace their competitors MicroStrategy and 207 00:12:52,400 --> 00:12:56,960 Metaplanet, and the banks file products to capture displaced 208 00:12:56,960 --> 00:13:02,440 capital into the Black Rock ETF. The updated timeline Jim Kanos 209 00:13:02,480 --> 00:13:07,040 announced his long BTC short MSTR trade a bladed attempt to 210 00:13:07,040 --> 00:13:11,160 sway market sentiment. July 7th, JP Morgan implements a 211 00:13:11,160 --> 00:13:17,560 firm wide margin margin hike on trading MSTR 50% to 95%. 212 00:13:17,880 --> 00:13:22,280 August 29th, JP Morgan releases a fact sheet and a preliminary 213 00:13:22,280 --> 00:13:25,760 pricing supplement for leveraged products linked to the Black 214 00:13:25,760 --> 00:13:28,760 Rock ETF. September 12th, Metaplanet 215 00:13:28,760 --> 00:13:33,720 announces a capital raise. MSCI panics realizing more 216 00:13:33,720 --> 00:13:36,960 companies are adopting the Sailor playbook at scale. 217 00:13:37,400 --> 00:13:43,000 MSCI announces an extension of of its ongoing consultation with 218 00:13:43,000 --> 00:13:46,920 the investment community exactly 16 minutes before President 219 00:13:46,920 --> 00:13:50,960 Trump's tariff announcement that triggered the global flash 220 00:13:50,960 --> 00:13:53,240 crack. This is bonkers. 221 00:13:53,320 --> 00:13:57,760 Holy cow. October 14th, 4 days later, 222 00:13:57,920 --> 00:14:03,160 Morgan Stanley, the creator and former parent of MSCI, files 223 00:14:03,160 --> 00:14:08,960 with the SEC for a contingent income auto callable security 224 00:14:08,960 --> 00:14:13,920 link to the BlackRock ETF. November 14th JP Morgan files 225 00:14:13,920 --> 00:14:16,280 for its own BlackRock ETF structure. 226 00:14:16,280 --> 00:14:21,280 No November 20th, the so-called kill shot on the exact same day. 227 00:14:21,280 --> 00:14:23,400 Again, there's no conspiracies, but there's also no 228 00:14:23,400 --> 00:14:26,760 coincidences. JP Morgan releases quote the 229 00:14:26,800 --> 00:14:32,560 free writing prospects to sell its BlackRock ETF note JP Morgan 230 00:14:32,560 --> 00:14:39,160 dredges up the 42 day old MSCI note to scream delisking risk. 231 00:14:39,320 --> 00:14:44,160 Present day we still see reports of frozen strategy shares out of 232 00:14:44,160 --> 00:14:48,440 JP Morgan and failure to deliver spikes in strategy. 233 00:14:48,640 --> 00:14:51,880 They aren't protecting you from risk, they're trying to kill 234 00:14:51,880 --> 00:14:57,840 strategy to engineer a creation to their products for Bitcoin 235 00:14:57,840 --> 00:15:01,440 leverage exposure. Holy effing cow. 236 00:15:01,440 --> 00:15:06,640 The Thanksgiving Day is the wildest 1 and I'm here with my 237 00:15:06,640 --> 00:15:12,040 boy drinking Baileys. Happy. 238 00:15:12,120 --> 00:15:15,720 Thanksgiving, everybody, but this is some crazy. 239 00:15:15,800 --> 00:15:18,520 Remember on the Monday show, you guys are all commenting, you're 240 00:15:18,520 --> 00:15:21,880 like yo, Nico's is, is passionate, feels good about 241 00:15:21,880 --> 00:15:23,720 this. He's like, he understands it. 242 00:15:24,440 --> 00:15:31,960 This is some movie level crazy financial type of warfare 243 00:15:31,960 --> 00:15:34,760 shenanigans. And I'll tell you what, if I 244 00:15:34,760 --> 00:15:40,960 were to pick between team Jamie Dimon and Team Sailor, I'm on 245 00:15:40,960 --> 00:15:44,640 Team Sailor every day of the effing week. 246 00:15:45,000 --> 00:15:48,760 Now is that a supplement to spot Bitcoin in self custody? 247 00:15:48,760 --> 00:15:52,080 No, I think that's the revolution for individuals. 248 00:15:52,360 --> 00:15:56,600 But whether you like it or not, as Jeff Booth says, the thing 249 00:15:56,600 --> 00:16:00,400 about Bitcoin is that you're going to have to be OK with even 250 00:16:00,400 --> 00:16:04,840 your worst enemy using Bitcoin. Now, that's not to say that JP 251 00:16:04,840 --> 00:16:10,200 Morgan or Sailor are enemies, but that's to say that there is 252 00:16:10,200 --> 00:16:16,080 an inevitability of Wall Street wanting to benefit from NGU 253 00:16:16,080 --> 00:16:20,080 technology. Now, what's really crazy here is 254 00:16:20,080 --> 00:16:24,360 that Wall Street right now, specifically the largest bank in 255 00:16:24,360 --> 00:16:27,240 the world and one of the largest banks in the world is like, you 256 00:16:27,240 --> 00:16:29,680 know what, I really like what sailors doing. 257 00:16:29,840 --> 00:16:33,600 We actually want to benefit from that the most, which is, and 258 00:16:33,600 --> 00:16:37,880 then they're willing to FUD and crash the Bitcoin price. 259 00:16:37,920 --> 00:16:44,000 And according to this timeline, they're willing to use their 260 00:16:44,000 --> 00:16:49,560 connections at the White House to get as many people into their 261 00:16:49,560 --> 00:16:55,160 product versus the strategy product, which is just wild. 262 00:16:56,400 --> 00:16:59,800 Here's Mark Moss and he says looks like JP Morgan likes 263 00:16:59,800 --> 00:17:04,640 sailors model give investors A safer, less volatile return on 264 00:17:04,640 --> 00:17:08,280 Bitcoin, capping the upside, even the downside while they 265 00:17:08,280 --> 00:17:13,440 capture the bulk of the move. Here's Adam Livingston. 266 00:17:13,839 --> 00:17:16,480 JP Morgan just admitted Bitcoin won. 267 00:17:16,839 --> 00:17:20,319 JP Morgan just filed structured notes tied to Blackrock's 268 00:17:20,319 --> 00:17:25,000 Bitcoin ETF with leverage, upside, conditional early call, 269 00:17:25,160 --> 00:17:29,120 and multi year convexivity exposure. 270 00:17:29,120 --> 00:17:32,120 To decode this, you need to understand what banks actually 271 00:17:32,120 --> 00:17:35,320 use these notes for. This is JP Morgan selling 272 00:17:35,320 --> 00:17:39,640 convexivity on Bitcoin into institutional demand while 273 00:17:39,640 --> 00:17:41,600 hedging the other side internally? 274 00:17:41,840 --> 00:17:46,640 This product shows JP Morgan believes Bitcoin is too big to 275 00:17:46,640 --> 00:17:52,080 ignore and too profitable not to financialize, which I said in 276 00:17:52,080 --> 00:17:56,600 the very beginning. Here's TFTC and they say JP 277 00:17:56,600 --> 00:18:01,160 Morgan goes from attacking bitcoiners to declaring Bitcoin 278 00:18:01,200 --> 00:18:06,440 a macro asset class in the span of a week, which is what we told 279 00:18:06,440 --> 00:18:09,000 you guys on Monday. On Monday. 280 00:18:09,000 --> 00:18:10,880 Nico, Nico, I think it's totally worth the read. 281 00:18:10,880 --> 00:18:14,200 Read, read this paragraph 'cause I mean, I'm, I'm gonna take a 282 00:18:14,200 --> 00:18:16,800 victory lap on this one, but read the paragraph and then 283 00:18:16,800 --> 00:18:20,440 we'll talk about it. Excuse me? 284 00:18:20,680 --> 00:18:24,840 Happy Thanksgiving everyone. Crypto's emerging as a tradable 285 00:18:24,840 --> 00:18:27,520 macro asset class. Crypto is moving away from 286 00:18:27,520 --> 00:18:32,160 resembling A venture capital style ecosystem to a typical 287 00:18:32,160 --> 00:18:35,280 tradable macro asset class supported by institutional 288 00:18:35,280 --> 00:18:38,040 liquidity rather than retail speculation. 289 00:18:38,920 --> 00:18:42,360 In the early stages, crypto projects received large private 290 00:18:42,360 --> 00:18:46,240 rounds of funding and fewer structure to trade in in a 291 00:18:46,240 --> 00:18:49,800 liquid scalable way. With retail investors buying 292 00:18:49,800 --> 00:18:54,520 late after valuations had already risen sharply, retail 293 00:18:54,520 --> 00:18:58,680 investors participation has fallen and the space now depends 294 00:18:58,760 --> 00:19:02,560 depends more on institutional investors to stabilize flows to 295 00:19:02,560 --> 00:19:05,440 reduce volatility and anchor long term prices. 296 00:19:06,040 --> 00:19:09,400 Cryptocurrency still present investing opportunities as they 297 00:19:09,400 --> 00:19:12,800 are relatively liquid yet structurally inefficient and 298 00:19:12,800 --> 00:19:16,360 liquidity remains uneven resulting in large price 299 00:19:16,360 --> 00:19:19,360 fluctuations. Cryptocurrency prices are now 300 00:19:19,360 --> 00:19:22,360 more influenced by broader economic trends rather than 301 00:19:22,360 --> 00:19:24,360 cryptos. Predictable for your having 302 00:19:24,360 --> 00:19:28,880 cycle, the process where the rate of new supply of Bitcoin is 303 00:19:28,880 --> 00:19:32,240 cut in half and followed by a bull market rally. 304 00:19:32,640 --> 00:19:39,720 One speaker noted that it could potentially reach $240,000 over 305 00:19:39,720 --> 00:19:44,320 the long run, thus indicating it is a multi year growth play. 306 00:19:44,680 --> 00:19:47,440 That's right. You have JP Morgan basically 307 00:19:47,440 --> 00:19:51,840 admitting if you read between the lines that, hey, I think the 308 00:19:51,840 --> 00:19:54,400 four year cycle is over. It's over, dude. 309 00:19:54,640 --> 00:19:58,440 It's over. But this has been an incredible 310 00:19:58,440 --> 00:20:00,720 week. Holy cow, all the things that 311 00:20:00,720 --> 00:20:06,160 have happened on Monday, we thought, Oh my God, Jamie Dimon, 312 00:20:06,240 --> 00:20:09,320 he's pulling out his knives. He's like he's threatened by the 313 00:20:09,320 --> 00:20:13,480 price of Bitcoin. No, we underestimated him. 314 00:20:14,160 --> 00:20:17,040 What were we thinking? What were we thinking? 315 00:20:19,360 --> 00:20:22,200 This guy's a capitalist. He doesn't take, he doesn't take 316 00:20:22,200 --> 00:20:25,120 any of this personally. He's not ideological for him. 317 00:20:25,920 --> 00:20:29,200 He's thinking, how do I get rich with this thing? 318 00:20:29,720 --> 00:20:37,680 And strategy could potentially be a roadblock for my bank or 319 00:20:37,680 --> 00:20:41,160 the bank that I represent to get wealthy off of this. 320 00:20:41,880 --> 00:20:48,720 So how do I make sure that I FUD the shiitake out of strategy to 321 00:20:48,720 --> 00:20:56,240 get people to buy the JP Morgan product now to add Simon Dixon's 322 00:20:56,240 --> 00:20:59,960 take on all this to like kind of wrap it up and put a nice bow on 323 00:20:59,960 --> 00:21:09,800 top. I would say that fundamentally 324 00:21:10,040 --> 00:21:13,800 the way that Simon Dixon says, I forget what his exact term was, 325 00:21:14,120 --> 00:21:17,400 but it's essentially like these are financial, industrial. 326 00:21:17,400 --> 00:21:19,480 It's a financial industrial complex. 327 00:21:19,480 --> 00:21:21,240 No, no, financial industrial complex and. 328 00:21:21,240 --> 00:21:23,920 Financial weapons of mass. Exactly so like. 329 00:21:24,120 --> 00:21:27,920 Financial destruction. Simon Dixon calls it Weapons of 330 00:21:29,120 --> 00:21:31,480 weapons of like. Financial destruction. 331 00:21:31,760 --> 00:21:34,080 Is weapon. Basically this all represents. 332 00:21:34,080 --> 00:21:36,240 The proof of weapons. Network, the proof of weapons 333 00:21:36,240 --> 00:21:39,240 network and then this represents the financial industrial 334 00:21:39,240 --> 00:21:42,920 complex, right, which is inherently anti Bitcoin by the 335 00:21:42,920 --> 00:21:47,440 way. But The thing is we would not be 336 00:21:47,440 --> 00:21:53,480 doing our jobs if we weren't covering this because if you are 337 00:21:53,480 --> 00:21:56,600 to get anything from this and our audience is not 338 00:21:56,680 --> 00:22:00,720 sophisticated institutional investors. 339 00:22:00,720 --> 00:22:03,160 I'm I'm pretty sure that there's a percentage of you guys that 340 00:22:03,160 --> 00:22:07,040 are that watch us, you know, for that, but our audience is 341 00:22:07,040 --> 00:22:11,600 bitcoiners. And what I would take, what I 342 00:22:11,600 --> 00:22:16,160 would want you guys to take from this episode is what Adam 343 00:22:16,160 --> 00:22:20,520 Livingston said and the conclusion that I came up with 344 00:22:20,640 --> 00:22:24,720 when I was reading this. This is JP Morgan. 345 00:22:24,800 --> 00:22:31,160 This more importantly, this is Jamie Dimon admitting that 346 00:22:31,160 --> 00:22:36,960 Bitcoin is here to stay. This is Jamie Dimon admitting 347 00:22:38,000 --> 00:22:45,120 that number go up. Technology is too irresistible 348 00:22:45,120 --> 00:22:50,040 to ignore. This is Jamie Dimon admitting 349 00:22:50,400 --> 00:22:57,240 that Bitcoin has won. Now what I'll tell you guys is 350 00:22:57,280 --> 00:23:01,640 you still have a job to do because fundamentally, this 351 00:23:01,640 --> 00:23:04,800 isn't, this is a revolution of individuals. 352 00:23:05,360 --> 00:23:10,320 This is a revolution of millions upon millions of people all 353 00:23:10,320 --> 00:23:13,440 around the world, Everyone who's tuning in right now to the most 354 00:23:13,440 --> 00:23:15,840 watched Bitcoin Daily Show on planet Earth. 355 00:23:18,320 --> 00:23:20,560 This is a revolution of you guys. 356 00:23:20,680 --> 00:23:25,920 This is a revolution of you guys taking sovereignty back, putting 357 00:23:25,920 --> 00:23:30,160 Bitcoin into self custody. This is what it is fundamentally 358 00:23:30,160 --> 00:23:33,480 about. And don't let any of these Wall 359 00:23:33,480 --> 00:23:38,400 Street financial shenanigans distract you from the mission at 360 00:23:38,400 --> 00:23:40,720 hand. And the mission at hand is to 361 00:23:40,800 --> 00:23:43,840 end the tyranny of central banking. 362 00:23:45,280 --> 00:23:48,160 And how do you do that? You cannot do that politically. 363 00:23:49,400 --> 00:23:52,040 It's politically unfeasible to do it. 364 00:23:54,840 --> 00:23:56,960 How do you do that? You opt out. 365 00:23:57,520 --> 00:24:00,040 You opt out by putting Bitcoin into self custody. 366 00:24:00,160 --> 00:24:02,320 That's how you do it. That's how you do it. 367 00:24:02,440 --> 00:24:05,120 You voting, traditional voting matters. 368 00:24:05,120 --> 00:24:07,920 It totally does. Not trying to take anything away 369 00:24:07,920 --> 00:24:11,680 from that, but vote with your wallet and you vote with your 370 00:24:11,680 --> 00:24:15,400 wallet by taking your energy, your time, your work, your 371 00:24:15,400 --> 00:24:20,080 effort and opting out of the system and opting into self 372 00:24:20,080 --> 00:24:22,440 custody. So this is fun to cover. 373 00:24:22,440 --> 00:24:25,680 This is great. This is like, you know, this is 374 00:24:25,680 --> 00:24:30,880 like the equivalent of like gossiping in terms of like, Oh 375 00:24:30,880 --> 00:24:33,320 my God, look at what all these financial institutions are 376 00:24:33,320 --> 00:24:37,800 doing. But the signal here is holy cow, 377 00:24:37,800 --> 00:24:42,400 dude, They they like Bitcoin. They they, they not only like 378 00:24:42,400 --> 00:24:46,720 Bitcoin, they want to benefit the F out of Bitcoin. 379 00:24:47,280 --> 00:24:48,920 They want Bitcoin for themselves. 380 00:24:48,960 --> 00:24:52,840 They want all the benefits from NGU for themselves. 381 00:24:53,520 --> 00:24:54,760 That's what's happening right now. 382 00:24:54,920 --> 00:24:59,000 Wall Street right now is in a civil war right now Wall Street 383 00:24:59,000 --> 00:25:03,120 is battling it out to come up with the best financial product 384 00:25:04,040 --> 00:25:08,520 to offer their institutional investors so that they can, you 385 00:25:08,520 --> 00:25:12,720 know, sell them a reason as to why you know you should buy 386 00:25:12,720 --> 00:25:14,800 their product instead of just buying spot Bitcoin. 387 00:25:14,800 --> 00:25:16,360 Whatever people are going to do that. 388 00:25:16,920 --> 00:25:20,360 You know, not everyone's comfortable buying a bit key 389 00:25:20,360 --> 00:25:22,800 even though it makes self custody incredibly easy. 390 00:25:22,800 --> 00:25:25,200 Go to bit key dot world today. Use promo code simply. 391 00:25:26,240 --> 00:25:30,440 Not everyone's comfortable doing that for some reason, but you 392 00:25:30,440 --> 00:25:31,520 know. This is crazy. 393 00:25:31,520 --> 00:25:33,960 Dude this is wild. Remember on Monday? 394 00:25:33,960 --> 00:25:36,600 We're like, dude, like he's attacking and he doesn't get it. 395 00:25:36,960 --> 00:25:39,800 Dude, we underestimated Jamie Dimon. 396 00:25:40,600 --> 00:25:42,360 Jamie Dimon. I don't know if I did. 397 00:25:42,520 --> 00:25:45,520 I think you. Are maybe I did, but Jamie Dimon 398 00:25:45,520 --> 00:25:55,160 is a is a 100% capitalist. He does not give a flying F 399 00:25:55,680 --> 00:25:58,160 about ideology, about the system. 400 00:25:58,560 --> 00:26:03,720 He cares about how do I make the most amount of money for my 401 00:26:03,720 --> 00:26:06,800 bank? And if Bitcoin is the mechanism 402 00:26:07,280 --> 00:26:09,840 of which I can do that with, so be it. 403 00:26:10,440 --> 00:26:13,520 That's my bit. Happy Thanksgiving everybody. 404 00:26:13,720 --> 00:26:18,160 Cheers to my brothers in arm, my brother in arms, Optimus Fields. 405 00:26:22,120 --> 00:26:25,480 But this Irish cream and milk's giving me cottonmouth for sure. 406 00:26:25,480 --> 00:26:28,040 But anyways, I want to hit on a few things. 407 00:26:28,520 --> 00:26:31,280 One, I've been telling you guys this for a while. 408 00:26:31,280 --> 00:26:33,480 I, I've been calling it the billionaire flood playbook. 409 00:26:33,840 --> 00:26:36,880 You know, you can call it just how Wall Street acts, but it 410 00:26:36,880 --> 00:26:39,760 always happens the same way. It's the classic Wall Street 411 00:26:39,760 --> 00:26:42,360 playbook, especially when they get into a new asset. 412 00:26:42,840 --> 00:26:46,080 It's very simple. Once you spot it, you can't not 413 00:26:46,080 --> 00:26:48,720 see it. And I've been seeing this play 414 00:26:48,720 --> 00:26:52,240 out all year long. Again, it's always goes into, 415 00:26:52,360 --> 00:26:55,280 you know, don't listen to what they say, watch what they do. 416 00:26:55,720 --> 00:26:57,560 And it's it goes like this very simple. 417 00:26:57,560 --> 00:27:00,640 You know, you spread FUD, you crash the price of the asset, 418 00:27:00,640 --> 00:27:03,480 you scare all the plebs away, you scare all of the retail 419 00:27:03,480 --> 00:27:05,360 away. And then you scoop up the dip 420 00:27:05,360 --> 00:27:09,040 with new products. And if we didn't have this JP 421 00:27:09,040 --> 00:27:14,320 Morgan story of essentially, you know, attacking strategy or, you 422 00:27:14,320 --> 00:27:17,240 know, pulling up a very old press release to kind of take 423 00:27:17,240 --> 00:27:18,800 their price when they were being weak. 424 00:27:19,040 --> 00:27:21,840 And then literally at the very bottom of that attack, they 425 00:27:21,840 --> 00:27:24,680 launch a new product and and you weren't aware of how this was 426 00:27:24,680 --> 00:27:26,760 going. Yeah, Sailor knew exactly what's 427 00:27:26,760 --> 00:27:29,920 going on. It's it's very obvious once you 428 00:27:29,920 --> 00:27:32,680 understand what's going on. Again, I've been calling it the 429 00:27:32,880 --> 00:27:34,720 the Bitcoin billionaire FUD playbook. 430 00:27:34,960 --> 00:27:37,840 You can call it just classic Wall Street, you know, 431 00:27:37,960 --> 00:27:40,800 mechanisms, but it always plays out the same way. 432 00:27:41,200 --> 00:27:43,520 They FUD it. They try to crash the price. 433 00:27:43,600 --> 00:27:47,240 They try try to get people to basically sell their holdings 434 00:27:47,720 --> 00:27:49,040 and then they launch a new product. 435 00:27:49,240 --> 00:27:53,640 If we didn't have this new story come out as it did, then I would 436 00:27:53,640 --> 00:27:55,280 just be speculating on it for a while. 437 00:27:55,280 --> 00:27:58,200 And you guys would be like, yeah, Opti literally has a 42 IQ 438 00:27:58,200 --> 00:28:00,520 because he he's just speculating, guys. 439 00:28:00,520 --> 00:28:03,440 We have literally the proof that this is what they're doing. 440 00:28:03,600 --> 00:28:06,080 Hence why I keep telling you, and hence why Nico and I are 441 00:28:06,080 --> 00:28:08,120 arguing over what the price might be. 442 00:28:08,440 --> 00:28:10,320 Nico's still like, it's a bear market, bro. 443 00:28:10,320 --> 00:28:13,800 And I'm like, yeah, it looks like a bear market, but I think 444 00:28:13,960 --> 00:28:18,240 what is going on is we are fundamentally underestimating 445 00:28:18,240 --> 00:28:20,320 the new investor here. And it's the institutions and 446 00:28:20,320 --> 00:28:22,280 they understand what this thing is. 447 00:28:22,720 --> 00:28:25,280 Remember, this is the only year that Bitcoin has and 448 00:28:25,280 --> 00:28:28,520 outperformed the S&P 500 on a quote UN quote bull market. 449 00:28:28,880 --> 00:28:32,680 Bitcoin, you know, underperform S&P 500 underperformed gold. 450 00:28:33,080 --> 00:28:35,480 Usually Bitcoin has outsized gains. 451 00:28:35,600 --> 00:28:40,600 What Wall Street is used to is like 15, maybe 20% tops a year. 452 00:28:40,840 --> 00:28:44,760 Like if you get 20%, if you get 25% gains a year, you're killing 453 00:28:44,760 --> 00:28:47,480 it on Wall Street. Here's all of us 42 IQ 454 00:28:47,480 --> 00:28:49,960 bitcoiners just stacking, huddling, don't care about 455 00:28:49,960 --> 00:28:52,640 anything, just trying to accumulate and you know, making 456 00:28:52,640 --> 00:28:57,600 561020 plus games. You think they're coming into 457 00:28:57,600 --> 00:29:01,120 the space after it's their first year that they're able to get 458 00:29:01,120 --> 00:29:05,160 into it and not trying to get a good position and also not 459 00:29:05,160 --> 00:29:07,560 trying to get these outside outsize games. 460 00:29:07,560 --> 00:29:09,240 Like it just made no sense to me. 461 00:29:09,240 --> 00:29:13,240 Hence why I'm like, look, I I'm looking at the charts, you know, 462 00:29:13,280 --> 00:29:15,160 you guys know me. I'm leaning into being a chart 463 00:29:15,200 --> 00:29:16,560 boy. I'm like, all right, you know, 464 00:29:16,560 --> 00:29:19,760 let me see if my friends have any, any signal in the charts 465 00:29:19,760 --> 00:29:22,000 right now. And if you're looking at the 466 00:29:22,000 --> 00:29:24,360 charts, it does look like we're entering a bear market. 467 00:29:24,600 --> 00:29:27,200 It does look like we might drop. I know I was trolling Nico. 468 00:29:27,200 --> 00:29:30,320 He said like 30 K Bitcoin. I'm like, bro, you lost the 469 00:29:30,320 --> 00:29:32,760 plot. Like it's not going 80% down. 470 00:29:33,120 --> 00:29:35,920 I've been thinking it's probably going to go sideways. 471 00:29:36,160 --> 00:29:37,560 And this is before I had the data. 472 00:29:37,560 --> 00:29:41,320 I'm like, it's probably like 80 ish is probably where, you know, 473 00:29:41,320 --> 00:29:42,520 the bottom of this dip's going to be. 474 00:29:42,520 --> 00:29:45,080 It's going to go sideways and then it's going to start its new 475 00:29:45,080 --> 00:29:47,720 leg up. And then as this week progressed 476 00:29:47,720 --> 00:29:51,760 more, we got more information, more data that, you know, the 477 00:29:51,760 --> 00:29:53,320 whales are scooping up right now. 478 00:29:53,320 --> 00:29:55,400 Institutions are buying this dip up. 479 00:29:55,880 --> 00:30:00,360 And as much as I don't agree, or rather don't listen to what JP 480 00:30:00,360 --> 00:30:05,920 Morgan says, there is a kind of portion of what JP Morgan says 481 00:30:05,920 --> 00:30:09,080 where it's not just trying to misdirect the retail plebs. 482 00:30:09,320 --> 00:30:12,360 They are actually trying to give signal to their wealthier 483 00:30:12,360 --> 00:30:14,680 clients. So it's one of those things 484 00:30:14,680 --> 00:30:17,480 where, like, they tell you what's going to happen and then 485 00:30:17,480 --> 00:30:18,920 they fight it. And you kind of have to know 486 00:30:18,920 --> 00:30:20,800 what's the signal and what the noise is. 487 00:30:21,320 --> 00:30:25,160 And when I saw that screen grab, you know, who knows, 240K next 488 00:30:25,160 --> 00:30:27,120 year, everyone's kind of thinking the four year cycle's 489 00:30:27,120 --> 00:30:29,280 over. But the take away I got from 490 00:30:29,280 --> 00:30:33,000 that screen, that screenshot about where they said 240K is, 491 00:30:33,240 --> 00:30:36,960 institutions are driving this market now as we've been 492 00:30:36,960 --> 00:30:39,320 covering all year long. Retail is dead. 493 00:30:39,320 --> 00:30:42,520 Retail is nowhere to be fine. There's no retail interest. 494 00:30:42,760 --> 00:30:44,760 The Google search trends are wrecked. 495 00:30:44,960 --> 00:30:47,000 People probably have heard about Bitcoin. 496 00:30:47,160 --> 00:30:49,480 They're just not coming back into Bitcoin yet. 497 00:30:49,680 --> 00:30:51,920 Also, inflation's getting getting crazy. 498 00:30:51,920 --> 00:30:55,760 The economy's feeling very weak. People are feeling very poor, so 499 00:30:55,760 --> 00:30:58,600 they don't have extra funds to go into risk assets. 500 00:30:59,560 --> 00:31:02,520 Therefore retail's been nowhere to be found. 501 00:31:02,640 --> 00:31:06,320 The only people in Bitcoin all year long are Bitcoiners. 502 00:31:06,320 --> 00:31:08,200 It's Bitcoiners and institutions. 503 00:31:08,400 --> 00:31:12,480 So that's been my kind of theory, my my thesis all year 504 00:31:12,480 --> 00:31:16,120 long, even though I've, you know, very clearly been wrong 505 00:31:16,120 --> 00:31:18,440 about where I thought the price was going, at least in the first 506 00:31:18,440 --> 00:31:19,200 half. Who knows? 507 00:31:19,280 --> 00:31:21,600 Hey, we got we got December to still. 508 00:31:21,600 --> 00:31:25,440 Prove me right. But I was just watching 509 00:31:25,440 --> 00:31:27,840 everything I've been watching and I'm like, yo, OK, well, 510 00:31:27,840 --> 00:31:31,480 there's a new investor, there's a new buyer. 511 00:31:32,120 --> 00:31:35,440 They're fundamentally looking at this thing different than 512 00:31:35,440 --> 00:31:37,520 everyone else is. They have longer term 513 00:31:37,520 --> 00:31:41,160 perspectives. They have, you know, very, very 514 00:31:41,160 --> 00:31:44,120 covert ways to get into the market, make sure they're not 515 00:31:44,120 --> 00:31:47,840 moving the market and they want to acquire this thing. 516 00:31:47,840 --> 00:31:50,760 How do they get this from you? Is they scare you out of your 517 00:31:50,760 --> 00:31:53,000 bags? And I do have some data to 518 00:31:53,000 --> 00:31:55,840 basically show retail has been getting cooked right now. 519 00:31:56,120 --> 00:31:59,920 Retail is selling while institutions are buying. 520 00:32:00,240 --> 00:32:03,680 This is why I keep telling you, like, don't listen to what the 521 00:32:03,680 --> 00:32:06,760 institutions are saying. Do what they do. 522 00:32:07,520 --> 00:32:10,600 JP Morgan has been fighting Bitcoin for years. 523 00:32:11,320 --> 00:32:13,280 Then what did they do? They're the authorized 524 00:32:13,280 --> 00:32:16,120 participant of the I Bit BlackRock ETF. 525 00:32:16,800 --> 00:32:19,680 They fudge strategy, and then what do they do? 526 00:32:19,840 --> 00:32:23,840 They basically drop a MicroStrategy copycat Bitcoin 527 00:32:23,840 --> 00:32:28,320 note like the same week. If you're not buying and 528 00:32:28,320 --> 00:32:31,640 accumulating right now, you are totally going to get left in the 529 00:32:31,640 --> 00:32:34,520 dust if you are selling thinking that the four year cycle is 530 00:32:34,520 --> 00:32:36,480 going to play out. I could be wrong that the four 531 00:32:36,480 --> 00:32:39,560 year cycle is going to be still intact. 532 00:32:39,920 --> 00:32:45,160 But from my perspective, I think the more Max Payne scenario is 533 00:32:45,160 --> 00:32:47,760 you think the four year cycle is playing out and then we RIP in 534 00:32:47,760 --> 00:32:50,720 2026 and you're trying to trade the tops and trade the bottoms. 535 00:32:51,200 --> 00:32:55,160 To me, that's too big of a risk. I'd much rather hold my coin 536 00:32:55,160 --> 00:32:59,960 down 5060%, be able to, you know, purchase more, DCA more. 537 00:32:59,960 --> 00:33:01,520 We have a good business. It's coming in. 538 00:33:01,520 --> 00:33:04,040 I have cash flow coming in. Yeah, it's going to be brutal. 539 00:33:04,040 --> 00:33:07,640 The last bear market, you know, almost absolutely just mentally 540 00:33:07,640 --> 00:33:10,480 killed me. But I think the Max Payne 541 00:33:10,480 --> 00:33:13,200 scenario right now is everyone thinking the old models are 542 00:33:13,200 --> 00:33:17,240 still working and then it absolutely rips in 2026 and it's 543 00:33:17,240 --> 00:33:20,520 the institutions, it's Wall Street that get rich and all of 544 00:33:20,520 --> 00:33:22,640 the true believers are waiting for a pullback. 545 00:33:22,880 --> 00:33:26,160 To me, that is Max Payne. As I've been telling you guys, I 546 00:33:26,160 --> 00:33:29,840 think the biggest attack going on in Bitcoin right now is Wall 547 00:33:29,840 --> 00:33:33,400 Street wants your coin. Wall Street wants to get into 548 00:33:33,400 --> 00:33:34,920 this. They want to insert themselves 549 00:33:34,920 --> 00:33:38,080 as middle man. The real war is Wall Street 550 00:33:38,080 --> 00:33:40,480 versus your Bitcoin in self custody. 551 00:33:40,480 --> 00:33:43,600 This is what this story is telling us right now. 552 00:33:44,760 --> 00:33:47,000 They don't like Saylor. I mean, you could argue that 553 00:33:47,000 --> 00:33:49,680 they're still on the same team. They're both Wall Street, but 554 00:33:49,680 --> 00:33:51,600 they're still competition within this. 555 00:33:51,600 --> 00:33:56,520 Even though JP Morgan and Morgan Stanley are both huge banks, I 556 00:33:56,520 --> 00:33:59,160 know for a fact that Jamie Dimon wants to be the number one bank. 557 00:33:59,880 --> 00:34:02,600 It's like the same thing. Like, yeah, you're billionaire. 558 00:34:02,640 --> 00:34:04,000 It's human nature. Exactly. 559 00:34:04,840 --> 00:34:07,440 So they're looking at Sailor's stack right now and they're 560 00:34:07,440 --> 00:34:10,360 like, OK, how can we get that big of a stack? 561 00:34:10,800 --> 00:34:15,000 I don't think they can, cause Sailor just absolutely went 562 00:34:15,000 --> 00:34:17,520 bananas the last couple of years, four years or whatever it 563 00:34:17,520 --> 00:34:20,080 was five years. So they're trying to figure out 564 00:34:20,080 --> 00:34:22,239 ways that they can acquire a huge stack. 565 00:34:22,239 --> 00:34:25,120 They want to essentially take Sailor out, even though they're 566 00:34:25,120 --> 00:34:26,679 all basically playing the same game. 567 00:34:27,639 --> 00:34:29,840 So play the same game, just keep accumulating. 568 00:34:29,840 --> 00:34:32,560 Yes, maybe we go down, maybe we don't. 569 00:34:33,120 --> 00:34:37,080 The only safe move is to acquire more Bitcoin and take it in self 570 00:34:37,080 --> 00:34:40,679 custody because as we're all watching right now, they are 571 00:34:40,760 --> 00:34:47,320 trying to position themselves as a as Bitcoin intermediaries. 572 00:34:47,520 --> 00:34:50,520 This is what's happening. This is the game plan right now. 573 00:34:50,800 --> 00:34:54,040 They want to acquire Bitcoin. The only way they can really get 574 00:34:54,120 --> 00:34:56,960 Bitcoin is to force you to sell your Bitcoin. 575 00:34:57,160 --> 00:35:00,560 So as we always say, stay humble, stack sacked, but most 576 00:35:00,560 --> 00:35:04,560 importantly, stay solvent. That's the most important 577 00:35:04,560 --> 00:35:06,440 aspect. Of this, I think, is the most 578 00:35:06,440 --> 00:35:08,160 important. Cheers my friend. 579 00:35:08,920 --> 00:35:12,320 Happy Thanksgiving everybody. I didn't think that this type of 580 00:35:12,320 --> 00:35:15,400 story would break on Thanksgiving, but this is crazy. 581 00:35:15,400 --> 00:35:18,400 This is like some Wall Street type warfare. 582 00:35:18,600 --> 00:35:23,000 We have insights into it. I think Opti's commentary was on 583 00:35:23,080 --> 00:35:28,480 effing point, but I would say is like guys, this is confirmation. 584 00:35:28,640 --> 00:35:33,720 On Monday, we thought that the system that the biggest bank or 585 00:35:33,720 --> 00:35:36,080 one of the biggest private or one of the biggest banks in the 586 00:35:36,080 --> 00:35:37,920 world was still fighting Bitcoin. 587 00:35:38,400 --> 00:35:42,120 We just got confirmation that not only are they not fighting 588 00:35:42,120 --> 00:35:45,520 Bitcoin, they're actually trying to benefit from number go up 589 00:35:45,520 --> 00:35:47,000 technology. Right. 590 00:35:47,000 --> 00:35:52,920 Bitcoin's for enemies, right? So that's effing crazy. 591 00:35:53,080 --> 00:35:55,240 Close up, close up on the on the drink. 592 00:35:55,440 --> 00:35:56,560 That's effing. Crazy. 593 00:35:57,200 --> 00:35:59,640 So anyway, bro, it's Thanksgiving. 594 00:35:59,640 --> 00:36:01,760 We got to, we got to take it easy a little bit. 595 00:36:01,760 --> 00:36:03,920 Yeah, guys, this is this is all Nico's fault. 596 00:36:03,920 --> 00:36:05,680 I was sitting here like getting ready for the show. 597 00:36:05,680 --> 00:36:10,640 He's like Thanksgiving, let's pull out the Irish cream and get 598 00:36:10,640 --> 00:36:12,840 this show a little lit. I'm like, bro, I got to eat 599 00:36:12,840 --> 00:36:13,680 breakfast. We got. 600 00:36:13,720 --> 00:36:16,760 The family coming in like 2 hours bro like. 601 00:36:16,800 --> 00:36:18,840 You know, and we're still here for you guys. 602 00:36:19,440 --> 00:36:22,520 Giving you guys the signal, giving you guys the sauce, so. 603 00:36:22,520 --> 00:36:25,400 And then so at dinner tonight, guys, I think the big. 604 00:36:25,400 --> 00:36:29,560 Bazooka for you guys is like. OK, you know, uncle, grandma, 605 00:36:29,760 --> 00:36:34,160 mother, brother, you've been telling me to not buy Bitcoin to 606 00:36:34,160 --> 00:36:37,240 sell my stack. Well, what do you think about JP 607 00:36:37,240 --> 00:36:39,720 Morgan, the biggest bank in the world, doing whatever they can 608 00:36:39,720 --> 00:36:43,600 to acquire this Bitcoin from me? I think that's when you do, you 609 00:36:43,600 --> 00:36:46,040 know, flip a couple of. Birds and be like I'm buying 610 00:36:46,040 --> 00:36:49,040 more Bitcoin. Smash, buy, smash that Bitcoin. 611 00:36:49,600 --> 00:36:53,160 Anyways, I do want to give a shout out, of course, to our 612 00:36:53,160 --> 00:36:56,000 lead sponsor. We will be giving away some sats 613 00:36:56,000 --> 00:36:58,520 by the way, towards the end of the show. 614 00:36:58,520 --> 00:37:00,800 So you guys are going to want to stay tuned in and we'll tell you 615 00:37:00,800 --> 00:37:05,520 guys what you need to do in order to get those sats. 616 00:37:05,520 --> 00:37:10,480 But I do want to give a shout out again to our sponsor, the 617 00:37:10,480 --> 00:37:13,760 best place to build your automatic self custody Bitcoin 618 00:37:13,760 --> 00:37:18,720 stack bitcoinwell.com. So why do we recommend 619 00:37:18,720 --> 00:37:20,560 bitcoinwell.com here at Simply Bitcoin? 620 00:37:20,800 --> 00:37:23,280 It's an automatic self custody Bitcoin on ramp. 621 00:37:23,280 --> 00:37:25,200 What? 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If you're a higher net worth 633 00:37:58,280 --> 00:38:02,200 individual or a family office, a trust organization, you want to 634 00:38:02,200 --> 00:38:05,600 buy $50,000 worth of Bitcoin or more, you have to check out 635 00:38:05,600 --> 00:38:08,200 Bitcoin Well Infinite. To get started, go to 636 00:38:08,200 --> 00:38:12,680 bitcoinwell.com/OTC. Schedule a call today with one 637 00:38:12,680 --> 00:38:16,480 of their advisors and they'll personally walk you through A-Z. 638 00:38:17,520 --> 00:38:20,680 On how to take self custody of your Bitcoin. 639 00:38:21,000 --> 00:38:24,480 Buy $50,000 with a Bitcoin or more and then take it into self 640 00:38:24,480 --> 00:38:26,280 custody, which is the way that you should be doing it. 641 00:38:26,280 --> 00:38:29,360 Which is what like the theme of this whole entire intro segment. 642 00:38:30,000 --> 00:38:34,200 So anyways guys, go to bitcoinwell.com/simply today and 643 00:38:34,200 --> 00:38:36,520 stay tuned till the end of the show because we will be giving 644 00:38:36,520 --> 00:38:41,080 away some sats via Bitcoin well through the Bitcoin Wishing Well 645 00:38:41,080 --> 00:38:43,040 contest. Anyways guys, this is going to 646 00:38:43,040 --> 00:38:45,880 be a fantastic show. We have tons to cover today. 647 00:38:46,000 --> 00:38:48,000 Happy Thanksgiving. We're going to be right back. 648 00:38:48,040 --> 00:38:57,240 In just a little bit. I want to give a shout out to 649 00:38:57,240 --> 00:39:00,480 our partner Stamp Seat. Is your Bitcoin and cold storage 650 00:39:00,480 --> 00:39:03,200 really secure? Are your seed phrases really 651 00:39:03,200 --> 00:39:05,880 secure? Stamp Seeds Do it Yourself kit 652 00:39:06,000 --> 00:39:09,200 has everything you'll need for you to hammer your seed words 653 00:39:09,320 --> 00:39:13,160 into commercial grade titanium plates instead of just writing 654 00:39:13,160 --> 00:39:16,080 them down on paper. Paper is fragile. 655 00:39:16,240 --> 00:39:18,240 Titanium plates are. 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You can upload your design or 665 00:39:48,320 --> 00:39:52,400 logo and they will laser engrave it on the back of your seed 666 00:39:52,400 --> 00:39:54,960 plate, the opposite side of where the words are. 667 00:39:55,000 --> 00:39:59,920 Stamp your seed on Stamp seed and use promo code simply to get 668 00:39:59,960 --> 00:40:04,160 15% off anything on the Stamp se-ed.com store. 669 00:40:08,160 --> 00:40:13,520 Well, anyways, guys, we're back. We're here. 670 00:40:13,600 --> 00:40:15,680 It's Thanksgiving. It's Thanksgiving. 671 00:40:15,680 --> 00:40:18,400 You guys got a, you guys got a Thanksgive. 672 00:40:19,280 --> 00:40:21,800 You got to, you got to, you got to internalize what you're 673 00:40:21,800 --> 00:40:24,760 grateful for. And what I'm grateful for is 674 00:40:24,760 --> 00:40:30,040 Stamp Seed because Stamp Seed allows you to stamp your seed 675 00:40:30,040 --> 00:40:33,520 into a plate of titanium. Like imagine writing down your 676 00:40:33,520 --> 00:40:38,600 seed words in paper. That's really dumb. 677 00:40:39,600 --> 00:40:41,920 You want to stamp them into titanium. 678 00:40:43,120 --> 00:40:45,360 And you could really only do that with the Stamp Seed kit. 679 00:40:45,720 --> 00:40:47,880 So you got to go to stampse-ed.com today. 680 00:40:48,000 --> 00:40:51,680 Use promo code simply. You got 15% off anything on the 681 00:40:51,680 --> 00:40:54,680 store and you can buy the Stamp Seed kit. 682 00:40:54,680 --> 00:40:59,520 It comes with a hammer, letter stamping tools, the 12 word seed 683 00:40:59,520 --> 00:41:01,360 play. You can get a 24 word play. 684 00:41:01,360 --> 00:41:05,080 You can customize the plate, wah Bing wah, bang everything. 685 00:41:05,480 --> 00:41:07,160 Go to stampse-ed.com today. What are you waiting? 686 00:41:07,160 --> 00:41:11,760 For and use promo code simply again get 15% off anything on 687 00:41:11,760 --> 00:41:15,680 the Stamp se-ed.com store. At the time of. 688 00:41:15,720 --> 00:41:19,800 Recording the Bitcoin price is $91,470. 689 00:41:19,880 --> 00:41:27,320 Block height 925,453 Market cap 1.83 trillion Bitcoin versus 690 00:41:27,320 --> 00:41:34,240 Gold Market cap 6.22% Decline from all time high -27.5%. 691 00:41:34,240 --> 00:41:37,520 If you're buying Bitcoin right now, you're getting it at a 27% 692 00:41:37,520 --> 00:41:38,360 discount. Why are you laughing? 693 00:41:38,880 --> 00:41:41,360 The chat Nico's feeling, the Baileys, and then you're doing 694 00:41:41,360 --> 00:41:44,840 like ASMR. I am feeling the Baileys. 695 00:41:44,880 --> 00:41:47,000 I'm feeling good. I'm, I'm, I'm grateful for you 696 00:41:47,000 --> 00:41:48,160 guys. Cheers. 697 00:41:51,880 --> 00:41:57,520 Yeah, someone kind of mob. So this is a fantastic show. 698 00:41:57,520 --> 00:41:58,720 I don't know what you're talking about. 699 00:41:59,760 --> 00:42:02,920 I I'm just worried it's gonna, it's gonna spiral very quickly. 700 00:42:02,920 --> 00:42:04,840 This is not spiral dude, we're professionals. 701 00:42:04,840 --> 00:42:05,760 I don't. Know what you're talking about? 702 00:42:06,840 --> 00:42:13,400 So OK, I do want to give you guys the I do want to talk about 703 00:42:13,400 --> 00:42:14,880 this. We talked about this yesterday. 704 00:42:14,880 --> 00:42:19,360 This is actually a very serious topic, so I do want to focus on 705 00:42:19,360 --> 00:42:23,000 this. The EU says chat control is 706 00:42:23,000 --> 00:42:25,800 voluntary. We were talking about chat 707 00:42:25,800 --> 00:42:31,720 control yesterday, so the breaking news is that chat 708 00:42:31,720 --> 00:42:35,360 control's back, but slightly changed, apparently. 709 00:42:35,640 --> 00:42:44,040 From my understanding, it was quietly passed in the EU, needs 710 00:42:44,040 --> 00:42:47,480 to be in the EU Council, needs to be discussed in the EU 711 00:42:47,480 --> 00:42:51,680 Parliament, slightly changed. No back door for encryption, I 712 00:42:51,680 --> 00:42:56,120 think that's good. No for scanning, but I think 713 00:42:56,120 --> 00:42:58,720 where they're getting everyone is the age verification. 714 00:42:59,560 --> 00:43:04,320 So I again, I think that this is like setting a very dangerous 715 00:43:04,320 --> 00:43:07,760 precedent. They're saying that EU says chat 716 00:43:07,760 --> 00:43:10,800 control is voluntary. If you don't scan your user 717 00:43:10,800 --> 00:43:13,280 messages, your app will be labeled as high risk. 718 00:43:13,520 --> 00:43:16,560 So that's not voluntary. Ladies and gentlemen, that the, 719 00:43:16,600 --> 00:43:20,520 the, the exact political term for that is soft power. 720 00:43:21,120 --> 00:43:22,840 So what is the definition of soft power? 721 00:43:22,840 --> 00:43:28,440 Soft power is like how the sold the, the mechanism of how the 722 00:43:28,440 --> 00:43:33,480 social credit system works. So in China, it's not like 723 00:43:33,480 --> 00:43:36,760 they're coercing you into certain behaviors, but they're 724 00:43:36,760 --> 00:43:38,720 incentivizing you into certain behaviors. 725 00:43:38,720 --> 00:43:42,440 So if you speak I'll of the government, you get punished, 726 00:43:42,640 --> 00:43:44,680 right? In terms of the for the social 727 00:43:44,680 --> 00:43:49,840 credit system, if you create an app that doesn't have chat 728 00:43:49,840 --> 00:43:54,600 control or better said, if you create an app that doesn't 729 00:43:54,600 --> 00:43:58,200 allow. The EU bureaucracy to look. 730 00:43:58,520 --> 00:44:01,720 At everything it's considered high risk. 731 00:44:01,720 --> 00:44:03,760 That is a form of soft power, right? 732 00:44:04,000 --> 00:44:07,000 Because on the App Store or in the Google App Store the the 733 00:44:07,000 --> 00:44:10,560 equivalent. Of that, imagine you see an app. 734 00:44:10,560 --> 00:44:13,680 That says high risk, like and if you're not in the know, if 735 00:44:13,680 --> 00:44:15,760 you're not watching simply Bitcoin or if you're just ignore 736 00:44:15,760 --> 00:44:19,240 me and you just, you know, like to get about your life and you 737 00:44:19,240 --> 00:44:21,800 know, you're not in the know. You just you just not in the 738 00:44:21,800 --> 00:44:23,120 know. You just wanna get about your 739 00:44:23,120 --> 00:44:24,960 day. And you see an app that says 740 00:44:24,960 --> 00:44:27,040 high risk, What are you gonna do? 741 00:44:27,080 --> 00:44:29,840 You're probably gonna look at that app and you're like, that's 742 00:44:29,840 --> 00:44:31,960 a high risk app. I don't know about that, right. 743 00:44:33,200 --> 00:44:37,640 So of course, like this is, this is called soft power, and that's 744 00:44:37,640 --> 00:44:39,480 exactly what they're trying to implement here. 745 00:44:40,320 --> 00:44:43,440 Last thing I'll say. Is, you know, and again, this is 746 00:44:43,440 --> 00:44:46,640 all interconnected. It's not a coincidence that the 747 00:44:46,640 --> 00:44:53,280 digital ID, the central bank, digital currency and chat 748 00:44:53,280 --> 00:44:56,600 control are all being implemented in the European 749 00:44:56,600 --> 00:45:01,160 Union at around the same time. That's not a coincidence. 750 00:45:01,720 --> 00:45:07,160 What you're seeing is an attempt to coerce people into a closed 751 00:45:07,160 --> 00:45:09,480 system, a system of which they can control. 752 00:45:10,080 --> 00:45:15,160 I think it put the fear of God in them that you saw the rise of 753 00:45:15,160 --> 00:45:19,240 independent media, you saw the rise of non sovereign 754 00:45:19,240 --> 00:45:22,960 alternative money like Bitcoin. And I think you what you're 755 00:45:22,960 --> 00:45:27,480 seeing is you're seeing the unelected bureaucracy, what we 756 00:45:27,480 --> 00:45:30,960 call here in the United States, the administrative state react 757 00:45:30,960 --> 00:45:33,920 to that like white blood cells. This is the reaction. 758 00:45:34,200 --> 00:45:37,840 The reaction isn't let's pivot and like, actually let's look 759 00:45:37,840 --> 00:45:39,880 within ourselves and say, you know what? 760 00:45:41,200 --> 00:45:42,520 We actually need. To improve. 761 00:45:42,520 --> 00:45:45,240 No, no, no, no. They're doubling down. 762 00:45:45,240 --> 00:45:49,040 They're basically saying we don't need to justify why you're 763 00:45:49,040 --> 00:45:52,720 paying these taxes. We don't need to justify why we 764 00:45:52,720 --> 00:45:57,600 have this unaccountable power. We don't need to justify why 765 00:45:57,600 --> 00:46:01,240 politicians don't have to go through quote, UN quote. 766 00:46:01,240 --> 00:46:04,080 Chat control. But the populace has to go 767 00:46:04,080 --> 00:46:07,320 through chat control. We don't need to justify any of 768 00:46:07,320 --> 00:46:09,720 that. What we're going to do instead 769 00:46:09,960 --> 00:46:13,600 is we're going to Co reverse everyone into using these 770 00:46:13,600 --> 00:46:16,160 systems so that we can control you. 771 00:46:16,720 --> 00:46:20,480 I'll tell you guys something. This would be something that the 772 00:46:20,480 --> 00:46:23,920 Soviet Union would foam at the mouth on. 773 00:46:23,960 --> 00:46:28,240 They would they would they would be the the fact that they can 774 00:46:28,240 --> 00:46:30,680 even think that they can get away with this. 775 00:46:32,440 --> 00:46:39,560 This would be any tyrant's like dream of doing like the fact 776 00:46:39,560 --> 00:46:45,320 that this is even discussed or even like seen as feasible in 777 00:46:45,320 --> 00:46:47,840 these so-called liberal democracies. 778 00:46:48,000 --> 00:46:52,840 We played you guys a clip of the head of the EUI forget the exact 779 00:46:52,840 --> 00:46:57,400 of of Ursula yesterday, right? And she was talking about to 780 00:46:57,400 --> 00:47:01,200 protect democracy, we need a democracy shield. 781 00:47:01,200 --> 00:47:04,760 And what that democracy shield means, ladies and gentlemen, is 782 00:47:04,760 --> 00:47:08,280 we actually need censorship and chat control, right? 783 00:47:08,400 --> 00:47:11,280 Which is effing crazy, right? Because the whole point of 784 00:47:11,280 --> 00:47:15,000 democracy is you get people to disagree and discuss and have 785 00:47:15,000 --> 00:47:18,160 discussions with these types of systems. 786 00:47:19,520 --> 00:47:23,560 That's incentivizing the exact opposite, because who is to 787 00:47:23,560 --> 00:47:25,440 stop? The party in power? 788 00:47:25,440 --> 00:47:28,640 This is why the First Amendment is structured how it is in the 789 00:47:28,640 --> 00:47:32,040 United States. It's structured the way that it 790 00:47:32,040 --> 00:47:35,440 is in the United States because the founding Fathers had the 791 00:47:35,440 --> 00:47:40,560 wisdom to understand that if the government had the power to 792 00:47:40,560 --> 00:47:46,320 censor speech in order for them to maintain power, they will 793 00:47:46,320 --> 00:47:49,640 inevitably pass a law in order to do that. 794 00:47:49,800 --> 00:47:53,560 Which is why the First Amendment is the the First Amendment and 795 00:47:53,560 --> 00:47:57,240 not the second or the 3rd or the 4th or the 5th. 796 00:47:58,200 --> 00:48:03,520 The Constitution in the United States is structured not to 797 00:48:04,000 --> 00:48:06,120 protect the government from the people. 798 00:48:06,240 --> 00:48:09,040 It's structured to protect the people from the government, 799 00:48:09,280 --> 00:48:12,760 which is why the First Amendment is freedom of speech and the 800 00:48:12,760 --> 00:48:17,160 Second Amendment is the right to effing bear arms, right? 801 00:48:17,400 --> 00:48:21,760 It's literally saying like, yo, like we know what happens when 802 00:48:21,760 --> 00:48:24,760 there's too much centralization of power, right? 803 00:48:24,960 --> 00:48:29,600 Unfortunately, our friends across the pond don't have those 804 00:48:29,600 --> 00:48:34,240 type of constitutional rights and protections and it's going 805 00:48:34,240 --> 00:48:37,920 down this dystopian path. I don't know how else to say it. 806 00:48:37,920 --> 00:48:41,160 Like it's very sad. I love Europe, I was in Europe 807 00:48:41,160 --> 00:48:44,960 all summer. Madrid is fantastic, great food. 808 00:48:45,120 --> 00:48:46,080 I got. I got. 809 00:48:46,200 --> 00:48:47,600 I got. Kind of tired of the Harmon 810 00:48:47,600 --> 00:48:50,040 Serrano after a while, like after two or three weeks. 811 00:48:50,400 --> 00:48:54,240 But Despite that, it was great. I saw Madrid game, went to 812 00:48:54,240 --> 00:48:57,760 Latvia, went to Finland, spent some time in Italy, got lost in 813 00:48:57,760 --> 00:49:00,200 Italy. That was pretty cool, but it was 814 00:49:00,200 --> 00:49:03,040 nice. So I love Europe. 815 00:49:03,040 --> 00:49:05,720 It's dope. But like when you see this type 816 00:49:05,720 --> 00:49:09,600 of stuff, you're asking yourself like, how is this improving the 817 00:49:09,600 --> 00:49:12,640 lives of everyday people? Because I don't see how it's 818 00:49:12,640 --> 00:49:14,440 improving the lives of everyday people. 819 00:49:14,840 --> 00:49:19,600 I see how it's like solidifying control. 820 00:49:19,600 --> 00:49:24,520 It's solidifying power in the, in the, in the hands of 821 00:49:24,520 --> 00:49:28,400 politicians, I and, and at the end of the day, you know, and 822 00:49:28,400 --> 00:49:31,560 perhaps this is the way that you look at economics and such and 823 00:49:31,560 --> 00:49:33,480 you can have a discussion about. This but like. 824 00:49:37,160 --> 00:49:41,120 Government isn't productive. It doesn't make anything right 825 00:49:41,120 --> 00:49:45,440 like that little like water water bottle thing that they 826 00:49:45,440 --> 00:49:47,520 have in Europe. There's a little tab where you 827 00:49:47,520 --> 00:49:49,720 can't completely take off the cap. 828 00:49:50,920 --> 00:49:54,080 And then like, meanwhile, on the other side of the pond, Elon is 829 00:49:54,080 --> 00:49:57,720 literally landing effing rockets and catching them with giant 830 00:49:57,960 --> 00:50:02,400 effing arms. Like you're it's, it's such a 831 00:50:02,400 --> 00:50:04,840 good meme because it compares and contrasts. 832 00:50:04,840 --> 00:50:08,680 Like it's like you have entrepreneurs building and then 833 00:50:08,680 --> 00:50:12,560 you have regulations, right? Like it, it's like, what do you 834 00:50:12,560 --> 00:50:14,800 want? You want one or do you want the 835 00:50:14,800 --> 00:50:17,360 other? Like, you know, and I get 836 00:50:17,360 --> 00:50:21,360 there's pros and cons to two right to the both of them, but 837 00:50:21,360 --> 00:50:26,480 like, I would rather live in a society where entrepreneurs are 838 00:50:26,480 --> 00:50:29,800 allowed to build things. They aren't drowned in 839 00:50:29,800 --> 00:50:34,280 regulations because entrepreneurs are fundamentally 840 00:50:34,280 --> 00:50:37,840 the ones that are driving to make society better. 841 00:50:37,840 --> 00:50:39,560 They're the ones taking the risk. 842 00:50:39,920 --> 00:50:41,520 They're the ones actually innovating. 843 00:50:41,520 --> 00:50:43,040 They're the ones actually building. 844 00:50:45,040 --> 00:50:47,080 Governments don't build anything. 845 00:50:47,160 --> 00:50:49,960 And better said, governments don't build anything 846 00:50:50,000 --> 00:50:52,440 efficiently. They do not do that. 847 00:50:52,920 --> 00:50:56,560 They're very, by definition, they're very inefficient because 848 00:50:56,560 --> 00:50:58,560 there's no price signals to government. 849 00:50:58,880 --> 00:51:02,680 If a government makes a mistake, no one gets fired. 850 00:51:02,680 --> 00:51:05,720 They don't go out of business. There is no price signals 851 00:51:05,800 --> 00:51:09,320 whatsoever. If an entrepreneur, if we make a 852 00:51:09,320 --> 00:51:12,320 mistake here at Simply Bitcoin, if we make a mistake, we've made 853 00:51:12,320 --> 00:51:14,920 catastrophic mistakes. But if we've make mistakes 854 00:51:14,920 --> 00:51:17,720 before, we will go out of business. 855 00:51:18,600 --> 00:51:21,560 If a government makes a mistake, they don't go out of business. 856 00:51:22,120 --> 00:51:26,400 Not only do they not go out of business, they stay in power and 857 00:51:26,400 --> 00:51:27,880 they have a money printer behind them. 858 00:51:28,080 --> 00:51:31,560 There is no price signal that's telling them you are doing 859 00:51:31,560 --> 00:51:35,800 something wrong because the price signals are the incentives 860 00:51:36,000 --> 00:51:40,160 for people to make adjustments. So that's my criticism of this, 861 00:51:40,240 --> 00:51:43,880 of this chat control stuff. And last thing I'll leave it on 862 00:51:43,880 --> 00:51:50,560 is this, this post by Simon Dixon, which says, tell me 863 00:51:50,560 --> 00:51:53,600 another way to own your money without a bank, spend it 864 00:51:53,600 --> 00:51:56,600 globally without government permission and have a fixed 865 00:51:56,600 --> 00:51:58,680 supply that can't be changed by a central bank. 866 00:51:58,680 --> 00:52:01,720 You won't find one. I've spent 25 years searching, 867 00:52:01,720 --> 00:52:05,240 building and investing and I only found Bitcoin. 868 00:52:05,560 --> 00:52:10,360 And he's replying to someone posting his posting his tweet. 869 00:52:10,360 --> 00:52:13,520 It says go further. Bitcoin is all bad everywhere. 870 00:52:13,760 --> 00:52:16,600 Even if someone wants a trustless protocol, some form of 871 00:52:16,600 --> 00:52:19,040 automated banking, we can do much better. 872 00:52:19,920 --> 00:52:22,040 And I think Simon Dixon's response to that is very 873 00:52:22,040 --> 00:52:23,600 powerful. And again, we believe that 874 00:52:23,600 --> 00:52:25,080 fundamentally here at Simply Bitcoin. 875 00:52:25,280 --> 00:52:27,880 Before I pass it on to Opti, you guys, if you want to support the 876 00:52:27,880 --> 00:52:31,080 show, we are funded by our partners. 877 00:52:31,520 --> 00:52:33,680 I strongly suggest go checking them out there. 878 00:52:33,880 --> 00:52:36,640 They're fantastically awesome. But you could also go to 879 00:52:36,680 --> 00:52:39,880 simplybitcoin.com and you can go check out our merch. 880 00:52:39,880 --> 00:52:42,840 It's flying off the shelves. We got like 10 orders yesterday. 881 00:52:43,080 --> 00:52:47,680 We only buy this merch in limited supply, right? 882 00:52:47,840 --> 00:52:53,480 So you want to get yours wall? Supplies last and we do not drop 883 00:52:53,480 --> 00:52:56,040 ship. So all of these we buy 884 00:52:56,040 --> 00:52:58,680 beforehand. We buy from a very trusted 885 00:52:58,680 --> 00:53:00,480 supplier here in the United States. 886 00:53:01,200 --> 00:53:05,040 They're Bitcoiner love them and we pay attention to details. 887 00:53:05,040 --> 00:53:07,800 So the tags will say simply Bitcoin, it will say Bitcoin or 888 00:53:07,800 --> 00:53:11,200 slavery on the back of them. And these are the types of 889 00:53:11,200 --> 00:53:12,840 hoodies. You know what I'm talking about 890 00:53:12,840 --> 00:53:16,360 when I say this, that you wear them and you don't want to wash 891 00:53:16,360 --> 00:53:17,920 them because of how comfortable they are. 892 00:53:18,160 --> 00:53:21,840 So this is very high quality merchandise, very high quality 893 00:53:21,840 --> 00:53:23,720 material. And this is something that you 894 00:53:23,720 --> 00:53:25,680 can wear at home. This is perfect something that 895 00:53:25,680 --> 00:53:28,120 you can wear on Thanksgiving. If you want to flex on that 896 00:53:28,120 --> 00:53:31,560 uncle, that is, is, you know, talking, you know. 897 00:53:31,560 --> 00:53:33,120 Well, maybe Christmas at this point. 898 00:53:33,440 --> 00:53:37,280 Mad smack on you and saying hey got hey I just beat you with my 899 00:53:37,280 --> 00:53:41,040 S&P 5. 100 in gold bro. And you can, you know, proudly 900 00:53:41,040 --> 00:53:44,720 wear your Bitcoin merch. But anyways, I'm going to pass 901 00:53:44,720 --> 00:53:46,320 it on to Opti. I've been I've been on a 902 00:53:46,320 --> 00:53:47,480 soapbox. Yeah, yeah. 903 00:53:47,560 --> 00:53:50,640 You have feeling good. I'm going to add the sweet, 904 00:53:50,640 --> 00:53:52,960 sweet in the pot guys. We are doing a Black Friday 905 00:53:52,960 --> 00:53:56,680 sale, so I believe it's 21% off if I remember correctly. 906 00:53:57,600 --> 00:53:59,320 Our boy wine's been yelling us about that. 907 00:53:59,320 --> 00:54:02,960 So it's on sale right now. It'll definitely be on sale for 908 00:54:02,960 --> 00:54:04,400 tomorrow. We might, we might let it run 909 00:54:04,400 --> 00:54:06,800 till the weekend, so go get it anyways. 910 00:54:08,200 --> 00:54:12,640 Going back to the, what is it? Chat control, EU chat control, 911 00:54:12,640 --> 00:54:15,880 That's what they call. It OK so first of all I will 912 00:54:15,880 --> 00:54:20,520 caveat this where I am very proud of my European ancestry, 913 00:54:20,520 --> 00:54:25,240 my mother is very proud of my European ancestry, but I'm very 914 00:54:25,240 --> 00:54:29,000 happy to be an American cause Europe is absolutely cooked. 915 00:54:29,360 --> 00:54:33,360 It's insane to me that the politicians out there can even 916 00:54:33,360 --> 00:54:38,120 get out publicly and say this stuff without people, you know, 917 00:54:38,200 --> 00:54:41,600 So just going absolutely bananas, like it to me is 918 00:54:41,600 --> 00:54:44,280 insane. But I did so I did randomly off 919 00:54:44,280 --> 00:54:45,800 topic. I watched this like Reel last 920 00:54:45,800 --> 00:54:48,000 night on Instagram and it was like some European and she's 921 00:54:48,000 --> 00:54:50,520 like, Americans are such strange creatures. 922 00:54:50,520 --> 00:54:53,240 Like they, they are a breed of the of their own. 923 00:54:53,240 --> 00:54:55,920 And I'm like, yeah, that's literally what we are. 924 00:54:56,080 --> 00:54:57,720 When you look at what's happening in Europe, you're 925 00:54:57,720 --> 00:55:04,080 like, how does anyone with two brain cells actually maybe 3 be 926 00:55:04,320 --> 00:55:05,680 nice. I I'm trying, I'm trying. 927 00:55:05,800 --> 00:55:08,000 How does anyone with the same amount of brain cells that I 928 00:55:08,000 --> 00:55:10,520 have critical thinking, critical critical thinking? 929 00:55:10,520 --> 00:55:13,680 Well, the, the question is, it seems like they've lost critical 930 00:55:13,680 --> 00:55:15,280 thinking. It seems like they're just hook, 931 00:55:15,280 --> 00:55:16,440 line and sinker. But but. 932 00:55:16,800 --> 00:55:18,520 I, I I would. Push back against that and I 933 00:55:18,520 --> 00:55:22,240 would say Opti like it is it like I gotta get the Baileys out 934 00:55:22,240 --> 00:55:22,840 of this? Hold on. 935 00:55:26,240 --> 00:55:27,600 Get it out of the shop by Gregory. 936 00:55:27,600 --> 00:55:31,120 I would push against that and I would say like, you know, if you 937 00:55:31,120 --> 00:55:34,400 look at take a look at this news, bro, they they apparently 938 00:55:34,400 --> 00:55:36,520 passed this according to the source. 939 00:55:36,520 --> 00:55:38,000 Yeah, yeah, and the dead of night. 940 00:55:38,440 --> 00:55:41,560 Behind closed doors. Which really reminds me of, you 941 00:55:41,560 --> 00:55:42,960 know, the creature of Jekyll Island. 942 00:55:42,960 --> 00:55:44,440 It's literally the same place like. 943 00:55:44,640 --> 00:55:47,600 Again, like you can't really criticize their critical 944 00:55:47,600 --> 00:55:49,680 thinking. Skills when they don't have. 945 00:55:49,720 --> 00:55:52,000 Yeah, OK, true, true. Yeah, I agree. 946 00:55:52,000 --> 00:55:55,880 OK, I agree with that. Now the second point. 947 00:55:56,600 --> 00:56:00,840 Is really probably the most nefarious one, especially for us 948 00:56:00,840 --> 00:56:05,280 in America, for anyone in the first world, obviously any, I 949 00:56:05,280 --> 00:56:10,520 would say globally, but Europe is historically kind of a test 950 00:56:10,520 --> 00:56:14,880 bed for all of these really bad globalist kind of policies, 951 00:56:14,880 --> 00:56:18,200 projects. And so you got to think of the 952 00:56:18,200 --> 00:56:20,120 2nd order effects. If they're trying to push this 953 00:56:20,120 --> 00:56:23,080 through in Europe, then you better expect that they will 954 00:56:23,080 --> 00:56:26,760 most likely push this in a country near you or rather in 955 00:56:26,760 --> 00:56:30,280 your own country very soon. If this does succeed, if they 956 00:56:30,280 --> 00:56:35,160 are able to essentially backdoor this policy, then you're going 957 00:56:35,160 --> 00:56:37,960 to see the propaganda get turned into OverDrive and they're going 958 00:56:37,960 --> 00:56:40,120 to be like, look, look what Europe's done. 959 00:56:40,400 --> 00:56:43,920 The US needs it, every other country in the world needs it 960 00:56:43,920 --> 00:56:45,840 'cause they're so progressive and they're so ahead of the 961 00:56:45,840 --> 00:56:49,320 curve. And I think that's what bitcoins 962 00:56:49,320 --> 00:56:51,800 are fighting like let's, you know, Jack Dorsey, for instance, 963 00:56:51,800 --> 00:56:55,480 with the new bit chat app, you know, using I, I forget what it 964 00:56:55,480 --> 00:56:58,600 is like FM, you know, signals so that you can. 965 00:56:58,920 --> 00:57:01,560 Was it FMI? Think it's Wi-Fi and Bluetooth. 966 00:57:02,060 --> 00:57:06,720 Wi-Fi and Bluetooth, OK. And basically or Noster, you 967 00:57:06,720 --> 00:57:11,320 know, just like protocols that they can't shut down, Bitcoiners 968 00:57:11,320 --> 00:57:16,040 are actively not only worried about this type of stuff, but 969 00:57:16,040 --> 00:57:20,400 they're building products, building tools so that even if 970 00:57:20,400 --> 00:57:22,440 you are in these countries, you still will be able to 971 00:57:22,440 --> 00:57:25,080 communicate. So, you know, it is always 972 00:57:25,080 --> 00:57:27,240 darkest before the light, I guess. 973 00:57:27,320 --> 00:57:32,240 But it is a very scary trajectory that we find 974 00:57:32,240 --> 00:57:35,400 ourselves globally right now. And This is why I'm a Bitcoiner. 975 00:57:35,400 --> 00:57:36,880 This is why I believe in Bitcoin. 976 00:57:36,880 --> 00:57:39,920 This is why, oh This is why I believe that. 977 00:57:40,760 --> 00:57:45,960 Dude, are we drinking? This whole bottle this. 978 00:57:45,960 --> 00:57:48,840 Is why I believe that Bitcoin will win. 979 00:57:49,040 --> 00:57:51,440 This is why I believe incentives will win. 980 00:57:52,200 --> 00:57:55,960 It's gonna take a while because as we see, there's still a, a 981 00:57:55,960 --> 00:57:58,160 huge lack of education. There's still a lot of people 982 00:57:58,160 --> 00:58:00,840 that don't under that bit don't even understand the problem, 983 00:58:01,040 --> 00:58:03,720 that don't understand what's happening in real time around 984 00:58:03,720 --> 00:58:06,400 them. And it, it's just absolutely 985 00:58:06,400 --> 00:58:08,360 terrifying. And of course, I, I would argue 986 00:58:08,360 --> 00:58:11,240 most of this is by design. I didn't learn any of this in 987 00:58:11,240 --> 00:58:13,840 school. This is all stuff I've learned 988 00:58:13,840 --> 00:58:17,280 outside of school. And you do have to push back 989 00:58:17,280 --> 00:58:20,320 against people calling you all kinds of names and saying you're 990 00:58:20,320 --> 00:58:23,760 wrong like it. It's not that easy to get here, 991 00:58:23,760 --> 00:58:27,320 and I understand why some people kind of shy away from it, but 992 00:58:27,440 --> 00:58:30,240 this is, again, like, I think this is the most important thing 993 00:58:30,240 --> 00:58:33,160 going on in the world, Not only the freedom of money and 994 00:58:33,160 --> 00:58:35,200 transacting, but the Freedom of Information. 995 00:58:35,440 --> 00:58:38,240 And they do go hand in hand. I think we could all kind of 996 00:58:38,240 --> 00:58:41,800 agree that the Internet probably hasn't really lived up to its 997 00:58:41,800 --> 00:58:45,040 initial kind of thought of what it wanted to be. 998 00:58:45,160 --> 00:58:48,200 I think the idea of the Internet has definitely lived up to it. 999 00:58:48,200 --> 00:58:51,960 I just think that you know it, it's centralized AF. 1000 00:58:51,960 --> 00:58:55,680 Like you guys see like Twitter going down or YouTube going down 1001 00:58:55,680 --> 00:58:58,240 or you know, any of these platforms going down and you, 1002 00:58:58,240 --> 00:59:03,040 you just it, it's like a, a friendly reminder to basically 1003 00:59:03,040 --> 00:59:07,400 say like, hey, dude, like I am running on Jeff Bezos server in 1004 00:59:07,720 --> 00:59:10,600 the middle of North Carolina. Like, you know, like that's 1005 00:59:10,600 --> 00:59:15,040 literally what it's telling you. And Bitcoin doesn't go down. 1006 00:59:15,040 --> 00:59:18,360 Like Nostr doesn't go down. You know, as much as we complain 1007 00:59:18,360 --> 00:59:22,640 about Nostr in in terms of like like live streaming to it and 1008 00:59:22,640 --> 00:59:25,560 stuff, the reality is it's a protocol. 1009 00:59:25,560 --> 00:59:31,440 Like look like ever since we've been consistently streaming on 1010 00:59:31,440 --> 00:59:34,000 Nostr and shout out to our friends over at Primal for 1011 00:59:34,000 --> 00:59:38,080 hooking this up and and building this on top of Primal. 1012 00:59:38,680 --> 00:59:41,800 We literally have not had an issue one time with Primal, 1013 00:59:42,080 --> 00:59:45,040 right? And because again, Nostr 1014 00:59:45,040 --> 00:59:47,960 fundamentally is a protocol at the end of the day, right? 1015 00:59:49,120 --> 00:59:52,880 You know, a lot of these entities are are centralized and 1016 00:59:52,960 --> 00:59:55,200 you know, at the end of the day, you could say, OK, but Nico, 1017 00:59:55,200 --> 00:59:56,760 like what if the primal server goes down? 1018 00:59:56,760 --> 00:59:57,880 It's like a but but. You can still. 1019 00:59:57,880 --> 01:00:00,920 Use another service to stream right? 1020 01:00:01,520 --> 01:00:04,440 You can't say that with any of the centralized platforms and 1021 01:00:04,440 --> 01:00:07,520 and and Bitcoin operates in a in a very similar way where if you 1022 01:00:07,520 --> 01:00:09,400 see PayPal go down for whatever reason. 1023 01:00:09,520 --> 01:00:12,640 I've had this happen where my bank is down like I try to sign 1024 01:00:12,640 --> 01:00:15,160 into my bank. And I personally. 1025 01:00:15,160 --> 01:00:17,240 Guys, I'm going to get a lot of heat for this, but I'm going to 1026 01:00:17,240 --> 01:00:18,960 tell you guys anyways. Like I like my bank. 1027 01:00:20,960 --> 01:00:23,000 I like I like some of the banks that I use in the. 1028 01:00:23,040 --> 01:00:24,480 US. My bank doesn't like me, I'll 1029 01:00:24,560 --> 01:00:27,320 tell you that much. Like they, they, they do their 1030 01:00:27,320 --> 01:00:32,000 job and like, I'm a, I'm a fan of the product, but I, I, I log 1031 01:00:32,000 --> 01:00:37,560 in one day and you know, they're like, oh, sorry, the server is 1032 01:00:37,560 --> 01:00:40,160 down. And like, that's not a big deal 1033 01:00:40,160 --> 01:00:41,640 if it's like for a couple hours, right? 1034 01:00:41,640 --> 01:00:44,280 It's not a big deal if, if Netflix is down for a couple 1035 01:00:44,280 --> 01:00:47,360 hours. But like, imagine if like your 1036 01:00:47,360 --> 01:00:49,320 bank is down for like a week like that. 1037 01:00:49,320 --> 01:00:51,840 Would be a problem like you can't make payroll, you can't 1038 01:00:51,840 --> 01:00:54,200 make payments, you can't access your money. 1039 01:00:54,320 --> 01:00:56,320 At 3 days like things would get crazy. 1040 01:00:56,320 --> 01:00:58,120 At 3 days that things would get crazy, right? 1041 01:00:58,120 --> 01:00:59,840 So this is what we're talking about, right? 1042 01:01:01,160 --> 01:01:04,320 Bitcoin, you fundamentally don't have to ask for permission. 1043 01:01:04,320 --> 01:01:05,600 I think that's what makes it awesome. 1044 01:01:06,000 --> 01:01:08,120 All right, guys. So we're going to hit the new 1045 01:01:08,120 --> 01:01:09,600 segment. We're going to be right back in 1046 01:01:09,600 --> 01:01:12,400 just a bit. I want to give a shout out to 1047 01:01:12,400 --> 01:01:17,000 our partner Let In, the leader in Bitcoin Back Loans unlock the 1048 01:01:17,000 --> 01:01:19,880 liquidity in your Bitcoin without having to sell your 1049 01:01:19,880 --> 01:01:22,440 Bitcoin. They've issued $9 billion in 1050 01:01:22,440 --> 01:01:26,200 loans to over 10,000 customers since 2018. 1051 01:01:26,360 --> 01:01:29,280 I absolutely love these guys. 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Stay connected, stay 1074 01:02:42,400 --> 01:02:47,360 independent, stay sovereign. Go to sat123.com/simply today 1075 01:02:47,520 --> 01:02:51,920 and use promo code simply to get 15% off anything on the store. 1076 01:02:57,920 --> 01:03:00,080 I want to give a shout out to our partner big key. 1077 01:03:00,280 --> 01:03:03,240 If you already self custody your Bitcoin, you know the deal with 1078 01:03:03,240 --> 01:03:06,120 hardware wallets by now. Complex setups, clumsy 1079 01:03:06,120 --> 01:03:10,120 interfaces and a seed phrase that can be lost, stolen or 1080 01:03:10,120 --> 01:03:12,320 forgotten. Big key fixes that. 1081 01:03:12,440 --> 01:03:16,200 Big key is a multi sig hardware wallet built by the team behind 1082 01:03:16,200 --> 01:03:20,040 Square and Cash app it. Packs a cryptographic recovery 1083 01:03:20,040 --> 01:03:24,080 system and built in inheritance feature into an intuitive, easy 1084 01:03:24,080 --> 01:03:26,320 to use. 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The bit key is the literally the 1096 01:04:08,640 --> 01:04:12,480 easiest wall hardware wallet on to use on planet earth. 1097 01:04:12,480 --> 01:04:17,280 All you got to do to spend is you put your finger, it senses 1098 01:04:17,280 --> 01:04:20,440 your fingerprint, you tap it with your phone, you download 1099 01:04:20,440 --> 01:04:22,600 the bit key app Bada boom, bada Bing. 1100 01:04:22,800 --> 01:04:25,080 You're ready to spend your Bitcoin. 1101 01:04:25,280 --> 01:04:29,760 It has multi sig built into the hardware wallet and it also has 1102 01:04:29,760 --> 01:04:33,600 inheritance planning as well. So go to bit key dot world 1103 01:04:33,600 --> 01:04:35,480 today. And if you use promo code 1104 01:04:35,480 --> 01:04:37,640 simply, you'll get a nice discount. 1105 01:04:37,960 --> 01:04:41,200 So anyways, guys, let's get into today's news again. 1106 01:04:41,320 --> 01:04:45,280 I think we have a clash of the old world and the new. 1107 01:04:45,280 --> 01:04:49,360 World. The big news for today is the 1108 01:04:49,360 --> 01:04:54,720 S&P cuts Tether stable coin rating too weak on disclosure 1109 01:04:54,720 --> 01:04:59,720 gaps The S&P Global downgraded its Tether rating, the world's 1110 01:04:59,720 --> 01:05:03,840 largest stable coin, on Wednesday, citing an increase in 1111 01:05:03,880 --> 01:05:08,200 higher risk assets in its reserves and quote persistent 1112 01:05:08,200 --> 01:05:12,000 gaps in disclosure. Tether said it quote strongly 1113 01:05:12,000 --> 01:05:14,800 disagrees with the characterization presented in 1114 01:05:14,800 --> 01:05:18,680 the reports by SNP, which said that it is now rated the 1115 01:05:18,680 --> 01:05:23,040 company's token, known as USDT. As quote as 5. 1116 01:05:23,400 --> 01:05:27,400 Parentheses week, which is the lowest possible score down 1117 01:05:27,400 --> 01:05:29,520 grading it from 4. Constraint. 1118 01:05:30,560 --> 01:05:32,720 Look, I'll be honest with you guys. 1119 01:05:33,680 --> 01:05:37,440 I think that's utter bullshit. And I'll tell you why I think 1120 01:05:37,440 --> 01:05:42,320 that's utter garbage. Here's this Yahoo article. 1121 01:05:42,520 --> 01:05:48,160 Tether bought 26 tons of gold in Q3 just to kind of give you guys 1122 01:05:48,160 --> 01:05:53,960 a perspective that rivals at the end of September, the USDT 1123 01:05:54,040 --> 01:05:58,600 issuer held around 116 tons of gold in total. 1124 01:05:58,960 --> 01:06:03,320 If it were a central bank, Tethers gold reserves would rank 1125 01:06:03,320 --> 01:06:08,720 among the top 30 in the world ahead of Greece, Qatar and 1126 01:06:08,720 --> 01:06:12,920 Australia. So when I hear this type of 1127 01:06:13,720 --> 01:06:18,840 characterization and narrative from the SNP basically. 1128 01:06:18,840 --> 01:06:22,240 Saying Oh my God like. You know what to use their own 1129 01:06:22,240 --> 01:06:27,680 words against them. Persist in higher risk assets in 1130 01:06:27,760 --> 01:06:31,720 in its reserves. If it literally has more gold 1131 01:06:31,720 --> 01:06:37,360 reserves than most central banks on planet Earth, like, I'm 1132 01:06:37,360 --> 01:06:42,520 sorry, that's BS. And I think that there's a 1133 01:06:42,520 --> 01:06:45,440 hidden agenda here. And I think that there is a, a 1134 01:06:45,840 --> 01:06:50,440 hidden incentive here. And it, it, it, it, it's just, 1135 01:06:50,600 --> 01:06:53,720 you know, again, this is the old system clashing with the new 1136 01:06:53,720 --> 01:06:55,560 system. This is why JP Morgan attack 1137 01:06:55,560 --> 01:06:59,440 strategy. This is a reaction or this is a 1138 01:06:59,440 --> 01:07:03,600 reactionary, A reactionary type of article. 1139 01:07:03,600 --> 01:07:08,160 And of course, they're using the legacy media a, a complex to, in 1140 01:07:08,160 --> 01:07:11,400 order to get you to, to convince you to, to believe into this 1141 01:07:11,400 --> 01:07:13,240 narrative, to buy into this narrative. 1142 01:07:13,720 --> 01:07:16,080 But I don't, I don't believe into this narrative. 1143 01:07:16,280 --> 01:07:19,320 I think the reason that they're trying to sell this narrative is 1144 01:07:19,320 --> 01:07:23,880 the fact that this is a company that's run by Bitcoiners and 1145 01:07:23,880 --> 01:07:29,920 they control and they founded the largest digital dollar on 1146 01:07:29,920 --> 01:07:32,800 the face of the planet, which happens to be, by the way, one 1147 01:07:32,800 --> 01:07:36,320 of the largest treasury buyers on planet Earth. 1148 01:07:36,840 --> 01:07:40,760 So when I see the S&P downgrade into their lowest possible 1149 01:07:40,760 --> 01:07:45,000 rating, I'm sorry, but I called BSI, called BS. 1150 01:07:45,000 --> 01:07:47,480 This is politically motivated. I just don't believe you guys. 1151 01:07:47,680 --> 01:07:51,640 And by the way, this is the same S&P rating and the same people 1152 01:07:51,640 --> 01:07:55,520 that were telling you that Bear Stearns was fine and it was 1153 01:07:55,520 --> 01:07:58,880 working and it was fantastic. I really recommend you guys 1154 01:07:58,880 --> 01:08:01,120 watching The Big Short if you guys don't understand the 1155 01:08:01,120 --> 01:08:03,360 reference. This is the same rating. 1156 01:08:03,440 --> 01:08:05,080 This is the same people that are telling you. 1157 01:08:05,960 --> 01:08:08,720 You know tethers a problem. Well, they're telling you Bear 1158 01:08:08,720 --> 01:08:11,680 Stearns is fine and the thing the, the literally the stock 1159 01:08:11,680 --> 01:08:15,360 collapsed to 0 right. I, I just, I'm sorry you're 1160 01:08:15,360 --> 01:08:19,520 politically compromised. You have an agenda and you just 1161 01:08:19,520 --> 01:08:22,399 don't like bitcoiners Like that's what I think my, my 1162 01:08:22,399 --> 01:08:24,960 humble opinion. Here's Jeff Park. 1163 01:08:24,960 --> 01:08:27,479 He says tether is the largest independent holder of gold 1164 01:08:27,520 --> 01:08:31,080 bullions outside of central banks and doesn't have an ever 1165 01:08:31,080 --> 01:08:37,120 expanding budget deficit. Call me, call me old school, but 1166 01:08:37,120 --> 01:08:44,359 sounds like a AAA credit to me. Here is Chris Poblowski, the CEO 1167 01:08:44,640 --> 01:08:48,520 of Tether of of Rumble, and he says the S&P only attacks Tether 1168 01:08:48,520 --> 01:08:51,680 because Tether is challenging and beating the old financial 1169 01:08:51,680 --> 01:08:54,560 guard at their own game. These old corporate entities 1170 01:08:54,560 --> 01:08:57,479 cannot handle companies like Tether and Rumble taking their 1171 01:08:57,479 --> 01:09:00,240 market share. Their only recourse is to attack 1172 01:09:00,240 --> 01:09:02,240 us because they're losing. I completely fundamentally 1173 01:09:02,240 --> 01:09:05,520 agree. Here's Teller, the Tether CEO 1174 01:09:05,520 --> 01:09:08,080 Paulo Arduino, which I interviewed guys really 1175 01:09:08,080 --> 01:09:10,760 recommend checking out the interview, one of my favorites 1176 01:09:11,560 --> 01:09:16,680 and he says to S&P regarding your tether rating rating, we we 1177 01:09:16,680 --> 01:09:20,680 wear your loathing with pride. The classical ratings model 1178 01:09:20,680 --> 01:09:23,800 built for legacy financial institutions historically LED 1179 01:09:23,800 --> 01:09:26,920 private and institutional investors to invest their wealth 1180 01:09:26,920 --> 01:09:30,279 into companies that, despite being attributed investment 1181 01:09:30,279 --> 01:09:34,720 grade ratings, collapsed, pushing worldwide regulators to 1182 01:09:34,720 --> 01:09:38,680 challenge such models. The independence and objective 1183 01:09:38,680 --> 01:09:42,920 assessment of all major Reddit rating agencies. 1184 01:09:44,120 --> 01:09:46,479 The traditional financial propaganda machine. 1185 01:09:46,880 --> 01:09:51,000 I didn't say it. Is growing worried when any 1186 01:09:51,000 --> 01:09:54,600 company ties to defy the force of gravity of the broken 1187 01:09:54,600 --> 01:09:58,320 financial system, no company should dare to decouple itself 1188 01:09:58,320 --> 01:09:59,920 from it. I didn't say it. 1189 01:10:00,280 --> 01:10:05,520 Tether itself built the first over capital, over capitalized 1190 01:10:05,520 --> 01:10:08,800 company in the financial industry with no toxic reserves 1191 01:10:09,080 --> 01:10:11,720 and yet is and remains extremely profitable. 1192 01:10:12,000 --> 01:10:15,000 Tether is living proof that the traditional financial system is 1193 01:10:15,000 --> 01:10:19,320 so broken that it's become being feared by the Emperor's with no 1194 01:10:19,320 --> 01:10:21,520 clothes. And kind of connect that with 1195 01:10:21,520 --> 01:10:25,120 the theme of today's show. We started with this very kind 1196 01:10:25,120 --> 01:10:30,280 of insidious attack by JP Morgan fighting Bitcoin on Monday, then 1197 01:10:30,280 --> 01:10:34,400 launching a Bitcoin related product two days later. 1198 01:10:34,680 --> 01:10:37,680 And then you have the legacy financial media saying, hey, 1199 01:10:37,840 --> 01:10:43,560 Tether is a terrible company. But if you look at the data, 1200 01:10:43,680 --> 01:10:49,480 Tether is literally the most profitable company by employee 1201 01:10:49,480 --> 01:10:53,640 on planet earth. It has more gold reserves than 1202 01:10:53,640 --> 01:10:57,880 most central banks. I'm sorry, I don't believe the 1203 01:10:57,880 --> 01:11:02,120 BSI don't believe the narrative. I don't believe the same people 1204 01:11:02,280 --> 01:11:07,480 that told me that Bear Stearns was great and fine and dandy and 1205 01:11:07,480 --> 01:11:11,520 had a grid rating and while simultaneously a couple days 1206 01:11:11,520 --> 01:11:13,880 later its stock literally went to zero. 1207 01:11:14,000 --> 01:11:16,440 I'm sorry. I'm one of the I'm one, one of 1208 01:11:16,440 --> 01:11:19,240 the people that were part of the millennial generation and the 1209 01:11:19,240 --> 01:11:21,480 Gen. Z generation that got screwed 1210 01:11:21,480 --> 01:11:25,480 over by you guys in 2008. I don't believe you anymore 1211 01:11:25,560 --> 01:11:28,480 more, which is why I'm in Bitcoin in the 1st place. 1212 01:11:28,720 --> 01:11:32,880 So go F yourselves. Happy Thanksgiving. 1213 01:11:32,880 --> 01:11:36,040 I'm going to pass it on to Opti. What do you think? 1214 01:11:36,520 --> 01:11:39,880 Because I think this is politically motivated garbage. 1215 01:11:39,880 --> 01:11:42,760 That's what I think, man. And there's a lot of things that 1216 01:11:42,760 --> 01:11:47,880 Paulo said in his post that I, I, I, I don't feel like I have 1217 01:11:47,880 --> 01:11:51,880 the liberty to say myself, but he's saying that part quiet part 1218 01:11:51,880 --> 01:11:53,720 out loud. He's calling it propaganda. 1219 01:11:55,440 --> 01:11:57,760 It's totally propaganda, 100% propaganda. 1220 01:11:58,680 --> 01:12:03,920 I, I I'll say that. All right, let let's just Fact 1221 01:12:03,920 --> 01:12:05,960 Check here. What what have we seen this 1222 01:12:05,960 --> 01:12:09,720 year? Tether again, you guys may not 1223 01:12:09,720 --> 01:12:12,760 like stable coins, but Tether is a Bitcoin company. 1224 01:12:12,760 --> 01:12:15,920 They're all bitcoiners. They are, you know. 1225 01:12:15,960 --> 01:12:19,720 Currently the biggest buyers of gold, they're one of the biggest 1226 01:12:19,840 --> 01:12:23,280 treasury buyers and they have one of the biggest Bitcoin 1227 01:12:23,280 --> 01:12:25,520 reserves out of in the whole world. 1228 01:12:25,520 --> 01:12:27,880 So they're top three essentially. 1229 01:12:28,080 --> 01:12:31,360 Yeah, I wouldn't say top three per SE, but they're in the top 1230 01:12:31,360 --> 01:12:35,920 of the quote UN quote hardest soundest money in the world by 1231 01:12:35,920 --> 01:12:37,880 any metric. Whether you're traditional 1232 01:12:37,880 --> 01:12:40,560 finance, you think it's treasuries, whether you're more 1233 01:12:40,560 --> 01:12:42,320 of a gold bug, you think it's gold. 1234 01:12:42,320 --> 01:12:44,920 If you're a bitcoiner, you know, it's Bitcoin. 1235 01:12:45,240 --> 01:12:48,680 And what's S&P? Do they downgrade them? 1236 01:12:48,960 --> 01:12:51,800 Well, we've seen this play out before. 1237 01:12:51,800 --> 01:12:54,920 S&P 500 also downgraded micro strategy. 1238 01:12:56,000 --> 01:12:59,680 You know, whether you like Sailor or not, strategy holds 1239 01:12:59,680 --> 01:13:03,720 the most Bitcoin, period. That's their whole company. 1240 01:13:03,720 --> 01:13:06,520 Strategy is holding Bitcoin, buying Bitcoin, figuring out 1241 01:13:06,520 --> 01:13:09,600 ways to get more Bitcoin. So we've seen these attacks 1242 01:13:09,600 --> 01:13:13,080 happen all throughout the year. And then in a very similar 1243 01:13:13,080 --> 01:13:15,600 grade, we've seen Moody's downgrade El Salvador. 1244 01:13:15,600 --> 01:13:19,560 So if you don't think this is like a political attack, if you 1245 01:13:19,560 --> 01:13:22,520 don't think this is a narrative propaganda trench warfare, as we 1246 01:13:22,520 --> 01:13:25,520 used to say against Bitcoin, then you're really not paying 1247 01:13:25,520 --> 01:13:29,520 attention because anyone that comes close to Bitcoin, the Fiat 1248 01:13:29,520 --> 01:13:34,120 system does whatever narrative they can to keep people away 1249 01:13:34,120 --> 01:13:36,680 from noticing what they're doing. 1250 01:13:37,160 --> 01:13:40,840 And you know, one, one time, would you, you could say, oh, 1251 01:13:40,840 --> 01:13:44,040 this is a coincidence 2 times. You're like, all right, You 1252 01:13:44,040 --> 01:13:47,720 know, it's starting to kind of seem like there, there's a, a 1253 01:13:47,720 --> 01:13:51,600 certain bias here by the third time, you know, fool me once, 1254 01:13:51,600 --> 01:13:54,200 shame on you, fool me twice, can't fool me again or whatever 1255 01:13:54,200 --> 01:13:56,560 that quote is. So like it's becoming very 1256 01:13:56,560 --> 01:13:58,480 obvious. And again, as Nico was saying, 1257 01:13:58,480 --> 01:14:00,960 when you connect this to the very beginning of the story of 1258 01:14:00,960 --> 01:14:05,280 the show with the JP Morgan stuff, it's all becoming very 1259 01:14:05,280 --> 01:14:09,960 obvious what's going on. One, they don't want you to hold 1260 01:14:09,960 --> 01:14:12,360 Bitcoin, but 2, they want to hold the Bitcoin. 1261 01:14:12,360 --> 01:14:15,840 They want to be the middle man. So again, it all goes back to 1262 01:14:15,840 --> 01:14:18,880 the very simple, don't listen to what they say, watch what they 1263 01:14:18,880 --> 01:14:22,000 do. And if you are here, if you're a 1264 01:14:22,000 --> 01:14:25,160 bitcoiner, obviously this is just like, of course, this is 1265 01:14:25,160 --> 01:14:26,600 what I've been doing for years now. 1266 01:14:26,880 --> 01:14:30,120 But if you're newer to the space and you're not that hip to how 1267 01:14:30,120 --> 01:14:34,680 these narratives work or how these different attack vectors 1268 01:14:34,680 --> 01:14:38,720 happen, this is the episode hopefully that starts to open 1269 01:14:38,720 --> 01:14:40,640 your eyes to what is actually happening. 1270 01:14:40,640 --> 01:14:43,120 They do not want to see people hold Bitcoin. 1271 01:14:43,280 --> 01:14:46,280 So what are they going to do? They're going to do the only 1272 01:14:46,280 --> 01:14:48,520 thing they have left, which is sick. 1273 01:14:48,520 --> 01:14:51,960 The propaganda media wings on Bitcoin, Bitcoin companies, 1274 01:14:51,960 --> 01:14:54,600 Bitcoiners so that people get scared. 1275 01:14:54,600 --> 01:14:58,000 It's called a chilling effect. If they can scare people away 1276 01:14:58,000 --> 01:15:01,000 from Bitcoin, then they can try to maintain the power that they 1277 01:15:01,000 --> 01:15:04,120 currently have. If that doesn't work, then the 1278 01:15:04,120 --> 01:15:07,040 last final battle is when they fully capitulate. 1279 01:15:07,280 --> 01:15:10,480 But I would argue that the JP Morgan story we covered earlier 1280 01:15:10,480 --> 01:15:13,600 in the day is a full capitulation by any other name. 1281 01:15:13,840 --> 01:15:16,160 We're already seeing this happen in real time. 1282 01:15:16,160 --> 01:15:19,640 Wall Street wants Bitcoin, government want Bitcoin. 1283 01:15:19,760 --> 01:15:23,080 The very things that Bitcoin was kind of created to fight against 1284 01:15:23,280 --> 01:15:25,360 are now starting to embrace Bitcoin. 1285 01:15:25,360 --> 01:15:31,080 So it's upon you again, Stacks at stay humble, stay solvent. 1286 01:15:31,160 --> 01:15:34,280 This is how you win. Make sure you're continuously 1287 01:15:34,520 --> 01:15:38,680 buying more Bitcoin, taking into the self custody because all of 1288 01:15:38,680 --> 01:15:41,320 the narratives are doing one thing. 1289 01:15:41,320 --> 01:15:43,560 They're either trying to scare you away from Bitcoin and then 1290 01:15:43,560 --> 01:15:47,000 they buy the dip and create products on the back end or 1291 01:15:49,120 --> 01:15:52,000 maybe they're just like creating narratives to be like, oh, now 1292 01:15:52,000 --> 01:15:54,440 that you're doing this, maybe I need to stay away. 1293 01:15:54,440 --> 01:15:55,840 And we've seen that happen too. That's. 1294 01:15:55,840 --> 01:15:58,600 Exactly what's happening? Dude, like they're they're 1295 01:15:58,600 --> 01:16:03,920 literally I I I like Paolo said it from like it's from his 1296 01:16:03,920 --> 01:16:08,440 words, not mine. Like this is grade A propaganda 1297 01:16:08,440 --> 01:16:14,520 Like this is like, I I don't believe these people. 1298 01:16:14,520 --> 01:16:20,680 I I personally do I like? What happened in 2008 was a 1299 01:16:20,680 --> 01:16:23,760 crime like this is what This is why Bitcoin was invented like 1300 01:16:23,760 --> 01:16:27,800 what happened in 2008 was, was, was it? 1301 01:16:27,920 --> 01:16:33,160 It was so damaging for the younger generations that the 1302 01:16:33,160 --> 01:16:36,680 same institutions that are riding on the coattails of 1303 01:16:36,680 --> 01:16:40,840 legitimacy and these emblems that have been around for so 1304 01:16:40,840 --> 01:16:45,400 long, they're they're basically saying like, look like it. 1305 01:16:45,440 --> 01:16:48,520 It, it kind of reminds me of like legacy media and it kind of 1306 01:16:48,520 --> 01:16:50,200 reminds me. I'll give you guys the best 1307 01:16:50,200 --> 01:16:53,160 example. If you go, if you guys are in 1308 01:16:53,160 --> 01:16:55,600 the United States or in Canada, whatever. 1309 01:16:55,880 --> 01:17:01,400 If you go on Fandango, right? If you go on Fandango and you 1310 01:17:01,400 --> 01:17:07,720 look at the difference between the reviewer scores and audience 1311 01:17:07,720 --> 01:17:11,760 scores, like I don't even know why reviewer scores are even a 1312 01:17:11,760 --> 01:17:13,680 thing. Anymore these days. 1313 01:17:13,960 --> 01:17:19,480 Like in my opinion, like it should be only audience scores. 1314 01:17:19,640 --> 01:17:21,920 Like it should be the people that are voting whether a movie 1315 01:17:21,920 --> 01:17:26,400 is good or not. Like, the reviewers were 1316 01:17:26,400 --> 01:17:31,800 necessary in an era where the Internet didn't exist because 1317 01:17:31,800 --> 01:17:35,760 that was the only way for someone to come up and say, OK, 1318 01:17:35,760 --> 01:17:40,240 this is a movie worth your time. So you needed that, like that 1319 01:17:40,240 --> 01:17:43,520 person to review the movie. It's very similar with legacy 1320 01:17:43,520 --> 01:17:48,520 media. Like legacy media was extremely 1321 01:17:48,520 --> 01:17:52,360 useful when the Internet was not around because it was the only 1322 01:17:52,360 --> 01:17:56,040 way to convey information on a mass scale. 1323 01:17:57,640 --> 01:17:59,520 And you needed an element of trust. 1324 01:17:59,520 --> 01:18:01,160 You need an element of legitimacy. 1325 01:18:01,360 --> 01:18:03,680 You need an element of like, you know, truth. 1326 01:18:03,680 --> 01:18:05,240 Like you needed all of those things. 1327 01:18:05,240 --> 01:18:11,120 But in the era of social media, in the era of the Internet, like 1328 01:18:11,320 --> 01:18:14,200 the person who tells the truth is going to get the most views. 1329 01:18:14,840 --> 01:18:17,600 Like it doesn't matter whether you have the emblem, a a very 1330 01:18:17,600 --> 01:18:21,400 official emblem and a very notable name on the back. 1331 01:18:21,560 --> 01:18:23,600 Like look at what's happened to CNN. 1332 01:18:23,600 --> 01:18:29,880 The CNN is a great example. Like CNN 10/15/20 years ago. 1333 01:18:29,920 --> 01:18:33,280 If you tune into CNN, you're like all right dude, I'm getting 1334 01:18:33,280 --> 01:18:36,880 the news. If I tune into CNN today, I'm 1335 01:18:36,880 --> 01:18:40,280 like. What's the propaganda wing 1336 01:18:40,280 --> 01:18:42,680 saying to me? Like what do they want me to 1337 01:18:42,680 --> 01:18:44,480 believe, you know? And and then like Opti and I 1338 01:18:44,480 --> 01:18:47,040 went through this when the pandemic was happening. 1339 01:18:47,040 --> 01:18:50,200 Like it was like so crazy because like, and this was like 1340 01:18:50,200 --> 01:18:52,760 when simply was just beginning. Like we were like, wait a 1341 01:18:52,760 --> 01:18:56,000 second. Like, how the hell are we 1342 01:18:56,000 --> 01:18:59,320 breaking these stories before these people are like they have 1343 01:18:59,320 --> 01:19:02,520 like hundreds of millions of dollars in budgets, professional 1344 01:19:02,520 --> 01:19:05,800 journalists and somehow like we're breaking the news. 1345 01:19:05,800 --> 01:19:08,960 Stories 1st and then we're getting it and we're also 1346 01:19:08,960 --> 01:19:12,480 getting it more accurate in terms of the, the, the 1347 01:19:12,480 --> 01:19:15,440 journalism and the and the, the, the reporting like. 1348 01:19:16,600 --> 01:19:18,040 We're not professional journalists. 1349 01:19:18,400 --> 01:19:20,280 Like what the Hell's going on there, right. 1350 01:19:20,640 --> 01:19:23,800 So it obviously lets you to lead to starting conclusions. 1351 01:19:23,800 --> 01:19:26,280 So I think that's the. Best analogy to kind of like, 1352 01:19:26,600 --> 01:19:31,280 you know, compare and contrast like I think this S&P rating is 1353 01:19:31,280 --> 01:19:37,200 just an attack on Tether because Tether is crushing it most 1354 01:19:37,200 --> 01:19:41,080 profitable company on the face of the planet by employee and 1355 01:19:41,080 --> 01:19:46,120 also, you know, hold some of the largest gold reserves and it's 1356 01:19:46,120 --> 01:19:48,160 run by Bitcoiners. And treasuries. 1357 01:19:48,200 --> 01:19:50,560 And Bitcoin. And it's run by bitcoiners like, 1358 01:19:50,840 --> 01:19:53,760 yeah, I, I, I, I guess I wouldn't like them either if I 1359 01:19:53,760 --> 01:19:55,280 was part of the legacy financial system. 1360 01:19:55,800 --> 01:19:59,000 But that's just an opinion. Anyways, guys, let's get to the 1361 01:19:59,000 --> 01:20:00,560 culture. It is Thanksgiving. 1362 01:20:00,560 --> 01:20:01,640 We're going to try to wrap it up. 1363 01:20:02,120 --> 01:20:03,200 We'll be right back in just a SEC. 1364 01:20:04,800 --> 01:20:07,600 I want to give a shout out to our partner Hive Digital 1365 01:20:07,600 --> 01:20:10,200 Technology. Why Hive in 2025? 1366 01:20:10,440 --> 01:20:14,480 Unstoppable growth as the first ever public miner. 1367 01:20:14,640 --> 01:20:18,520 Hive's position to quadruple their global footprint, making 1368 01:20:18,520 --> 01:20:21,960 them one of the world's fastest growing miners in 2025. 1369 01:20:22,240 --> 01:20:26,320 And with elite operations that consistently top the industry in 1370 01:20:26,320 --> 01:20:29,800 Bitcoin mine, per Exahash, Hive's now headquartered in the 1371 01:20:29,800 --> 01:20:31,720 USA. They're lean and mean. 1372 01:20:31,880 --> 01:20:35,320 They're green and clean, and they're rewriting the playbook 1373 01:20:35,400 --> 01:20:39,800 on sustainable Bitcoin mining. You can catch the latest buzz at 1374 01:20:39,800 --> 01:20:42,600 Hive Digital Tech or at Hive. Digital. 1375 01:20:42,600 --> 01:20:52,000 Tech.com I want to give a shout out to our partner Bitcoin Ben 1376 01:20:52,000 --> 01:20:54,920 dot IO. If you're into freedom Bitcoin 1377 01:20:54,920 --> 01:20:58,720 and building a real community, this is for you gain exclusive 1378 01:20:58,720 --> 01:21:03,480 access to real world members only private clubs across the 1379 01:21:03,480 --> 01:21:07,720 globe featuring poker nights, expert LED classes, Co working 1380 01:21:07,720 --> 01:21:11,600 spaces, educational meet ups, live events and more. 1381 01:21:11,760 --> 01:21:15,720 Current locations include Sarasota, Nashville, Boston, 1382 01:21:15,800 --> 01:21:18,840 Dallas, Las. Vegas and Saint Louis with new. 1383 01:21:18,840 --> 01:21:23,600 Clubs launching soon in West Palm Beach, Scottsdale, Alabama 1384 01:21:23,720 --> 01:21:26,720 and beyond, not to mention Bitcoin bends. 1385 01:21:26,840 --> 01:21:30,120 Resorts and El Salvador, there's three of them and they're 1386 01:21:30,160 --> 01:21:33,120 absolutely beautiful. You'll also get access to the 1387 01:21:33,120 --> 01:21:36,920 first. Fully backed Bitcoin bank with 1388 01:21:36,920 --> 01:21:42,040 Fiat ramps and savings accounts. It's called Private KeyBank and 1389 01:21:42,040 --> 01:21:44,560 you guessed it, it's based out of El Salvador. 1390 01:21:44,720 --> 01:21:49,160 Go peer-to-peer with Bitcoin bulk buys, tap into home equity 1391 01:21:49,160 --> 01:21:52,640 for long term Bitcoin growth and join their exclusive mining 1392 01:21:52,640 --> 01:21:54,240 pools if you're interested in mining. 1393 01:21:54,360 --> 01:21:57,120 What are you waiting? For head over to Bitcoin bend 1394 01:21:57,120 --> 01:22:01,000 dot IO Join today where Bitcoin meets freedom. 1395 01:22:06,000 --> 01:22:08,320 All right, all right, Nico, I was going to do a normal culture 1396 01:22:08,320 --> 01:22:10,520 today, but it's not it's Thanksgiving. 1397 01:22:11,240 --> 01:22:14,200 I'll push that for tomorrow. So I'll save what I have for for 1398 01:22:14,280 --> 01:22:17,440 for you guys tomorrow. It's not a thanks, it's not a 1399 01:22:17,440 --> 01:22:18,600 normal. Culture, it's not a normal 1400 01:22:18,600 --> 01:22:23,200 culture. It's Thanksgiving, I think at 1401 01:22:23,200 --> 01:22:25,000 this time. I think we did it last year. 1402 01:22:25,840 --> 01:22:27,320 We're we're just going to shoot this shit with you guys for a 1403 01:22:27,320 --> 01:22:28,880 little bit and then and then we got to get out of here. 1404 01:22:28,880 --> 01:22:32,080 I guess we literally. We literally have our our 1405 01:22:32,280 --> 01:22:34,920 families at the house. But my, my sister always does 1406 01:22:34,920 --> 01:22:37,840 this corny thing and I always call it corny. 1407 01:22:37,960 --> 01:22:41,160 I think I did it last year is where Thanksgiving, we sit 1408 01:22:41,160 --> 01:22:44,680 around the table and you always say at least one thing that 1409 01:22:44,680 --> 01:22:48,360 you're thankful for throughout the year and you guys can drop 1410 01:22:48,360 --> 01:22:50,520 in the chat. Whatever it is, you can be 1411 01:22:50,520 --> 01:22:54,680 serious, you control, but I I think it'd be a good way to just 1412 01:22:54,680 --> 01:22:57,960 wrap up today's show. So what are we thankful for this 1413 01:22:57,960 --> 01:22:58,520 year? I'll go first. 1414 01:22:58,600 --> 01:23:01,680 I'm thankful for you bro. Aw, how cute. 1415 01:23:02,600 --> 01:23:05,200 Come on dude, go I'm I'm not above flattery here. 1416 01:23:05,200 --> 01:23:09,040 I'm thankful for you, dude. I mean, like I, I, you know, I, 1417 01:23:09,040 --> 01:23:15,920 I, I run this company, I wear like all the hats I have to kind 1418 01:23:15,920 --> 01:23:19,280 of be in the trenches of the whole thing and, you know, 1419 01:23:19,280 --> 01:23:21,000 producing the most amount of content. 1420 01:23:22,440 --> 01:23:24,720 No, I'm not going to say that, but. 1421 01:23:30,240 --> 01:23:33,240 Producing as much content. As we do is very difficult. 1422 01:23:33,640 --> 01:23:36,640 Yeah, facts. And making a business out of it 1423 01:23:36,720 --> 01:23:42,320 is very difficult as well. So, you know, I, I wear a lot of 1424 01:23:42,320 --> 01:23:46,160 hats and when I initially got into simply Bitcoin and, and 1425 01:23:46,160 --> 01:23:48,640 making content, I initially just wanted to be a content creator 1426 01:23:48,640 --> 01:23:50,720 in my heart. I still think I, I do want to do 1427 01:23:50,720 --> 01:23:57,640 that, but you, you get bestowed all these responsibilities and 1428 01:23:57,640 --> 01:24:00,200 at the end of the day, the live show is like my baby. 1429 01:24:00,440 --> 01:24:03,880 You know, that's like literally what's gotten us, you know, on 1430 01:24:03,880 --> 01:24:07,080 the radar of the Bitcoin world and Bitcoin industry. 1431 01:24:07,840 --> 01:24:12,320 And I've had to kind of delegate it a little bit just because of 1432 01:24:12,320 --> 01:24:15,280 the amount of responsibilities that I have these days. 1433 01:24:15,760 --> 01:24:20,640 And I've delegated it to Opti. I'll be honest, it, you know, 1434 01:24:20,800 --> 01:24:27,320 many times it's been rough. Many times I feel like he would 1435 01:24:27,320 --> 01:24:29,320 have potentially got in the channel bands. 1436 01:24:31,280 --> 01:24:34,360 But I think after a while, I think you got the, you know, 1437 01:24:34,360 --> 01:24:39,360 the, the you, you, you kind of found your groove and you've 1438 01:24:39,360 --> 01:24:45,600 lived up to the, to the, to the, to the role and to what's what, 1439 01:24:45,600 --> 01:24:52,160 what's been expected of you. And, you know, I think you've, I 1440 01:24:52,160 --> 01:24:55,280 think you've done a great job. So the days that I'm travelling, 1441 01:24:55,280 --> 01:25:01,480 podcasting, you know, talking to certain people, you know, and 1442 01:25:01,480 --> 01:25:06,400 you, you guys don't see me on the show and you see Opti Opti's 1443 01:25:07,240 --> 01:25:09,840 pushing the buttons literally and figuratively. 1444 01:25:11,360 --> 01:25:13,240 So I am thankful for you for doing that bro. 1445 01:25:13,360 --> 01:25:14,680 I appreciate. It Well, thank you. 1446 01:25:15,080 --> 01:25:17,160 I appreciate that. I do appreciate that. 1447 01:25:17,160 --> 01:25:19,880 Yeah, guys, I'm the one to blame for most of the stuff. 1448 01:25:19,880 --> 01:25:23,280 OK, you guys yell at me about the thumbnails, the titles. 1449 01:25:23,600 --> 01:25:25,960 Dude, it's all me, guys. I I've been, I've been letting 1450 01:25:25,960 --> 01:25:29,560 Nikka take the heat for that. It's all it's all me. 1451 01:25:30,200 --> 01:25:32,520 No, Nikka, thank you, man. I I appreciate that. 1452 01:25:33,960 --> 01:25:35,800 This year's definitely been one of those. 1453 01:25:36,880 --> 01:25:39,080 Building years for us. I haven't taken a break all 1454 01:25:39,080 --> 01:25:41,240 year. It's been super hectic. 1455 01:25:41,240 --> 01:25:43,840 Of course, the price has been wrecked, the news sometimes have 1456 01:25:43,840 --> 01:25:47,040 been slow. But what I'm most thankful for, 1457 01:25:47,640 --> 01:25:51,800 obviously on the one hand, it's Nico as well for initially 1458 01:25:51,800 --> 01:25:54,600 taking kind of the chance with me and then throwing me into 1459 01:25:54,600 --> 01:25:57,880 this position. On the other side, it's really 1460 01:25:57,880 --> 01:26:00,440 every single one of you guys. You guys like the fact that 1461 01:26:00,440 --> 01:26:02,560 we've built this company, the show. 1462 01:26:02,640 --> 01:26:04,600 The. The as I like to joke with you 1463 01:26:04,600 --> 01:26:08,720 guys, the cult following out there, like I said it what last 1464 01:26:08,720 --> 01:26:13,320 week when I came back from the mining disrupt and I'm most 1465 01:26:13,320 --> 01:26:16,840 thankful for all of you guys that are out there that are 1466 01:26:16,840 --> 01:26:20,200 literally helping us, you know, build this dream job. 1467 01:26:20,200 --> 01:26:24,480 But also kind of the feedback loop, the positive feedback loop 1468 01:26:24,480 --> 01:26:26,720 within you guys that you guys when you come up to us and 1469 01:26:26,720 --> 01:26:28,560 you're like, dude, you guys are killing it. 1470 01:26:28,560 --> 01:26:31,320 I love I love Ruston when he goes bananas. 1471 01:26:31,320 --> 01:26:34,560 I love Dante. I love when Nico gets crazy 1472 01:26:34,560 --> 01:26:36,760 eyed. I love Opti joking like you're 1473 01:26:36,880 --> 01:26:41,200 macro takes and that's the stuff that keeps us going because we 1474 01:26:41,200 --> 01:26:43,040 forget that there's real people out there. 1475 01:26:43,280 --> 01:26:45,960 To us, it's just kind of numbers, you know, we, we're 1476 01:26:45,960 --> 01:26:49,320 literally sitting here looking into cameras, just talking and 1477 01:26:49,320 --> 01:26:52,440 so. We, we see thousands of people 1478 01:26:52,440 --> 01:26:55,360 like that are like tuning in, but like, we don't know what 1479 01:26:55,360 --> 01:26:58,280 that means, right? So like the only time we ever 1480 01:26:58,280 --> 01:27:01,320 experienced that, like in meat space is like when we go to 1481 01:27:01,320 --> 01:27:04,040 conferences and like, we have like people come up to us and 1482 01:27:04,040 --> 01:27:05,440 like, Hey, can I take a picture with you? 1483 01:27:05,720 --> 01:27:08,880 And it's like, oh, wow. Like, you know, like what we 1484 01:27:08,920 --> 01:27:11,440 like. This is crazy, but you know. 1485 01:27:11,640 --> 01:27:14,560 Yeah, they're saying drunk bro love is the best love. 1486 01:27:16,240 --> 01:27:18,360 It's Thanksgiving, guys. The Roman I. 1487 01:27:18,360 --> 01:27:20,520 Don't know about. Drunk bro, I don't know about 1488 01:27:20,520 --> 01:27:24,520 that, but like, you know, the Romans have us and I'm not going 1489 01:27:24,520 --> 01:27:28,000 to go down that rabbit hole, but the, the, the point I'm trying 1490 01:27:28,000 --> 01:27:32,840 to make is that like, we don't know, like we don't see, we 1491 01:27:32,840 --> 01:27:38,200 don't see the reality of, of what our audience is because 1492 01:27:38,200 --> 01:27:42,440 it's all digital, right? So, you know, like it, it could, 1493 01:27:42,440 --> 01:27:45,280 you, could you guys imagine like what 50 people in a room is 1494 01:27:45,280 --> 01:27:47,120 like, it's a lot of people, right? 1495 01:27:48,400 --> 01:27:51,560 So like, in my mind, I'm like, Can you imagine what like, and 1496 01:27:51,560 --> 01:27:53,760 some of our video just get hundreds of thousands of views. 1497 01:27:53,760 --> 01:27:57,320 So it's like, Can you imagine what like 1000 people in a room 1498 01:27:57,320 --> 01:28:02,000 would be like, like a later literally 1000 people in a room. 1499 01:28:02,000 --> 01:28:06,560 It's a lot of effing people. It's a lot of people and these 1500 01:28:06,560 --> 01:28:08,240 days that's what our live streams get. 1501 01:28:09,840 --> 01:28:13,440 So like, but we don't see that. We don't know what that means. 1502 01:28:13,480 --> 01:28:17,720 Like we don't like, we don't have like a like a human 1503 01:28:17,720 --> 01:28:20,160 indication of that. Like what we see is numbers on a 1504 01:28:20,160 --> 01:28:24,000 screen. So, you know, obviously it means 1505 01:28:24,000 --> 01:28:28,000 a lot. You know, again, our, our, our, 1506 01:28:28,080 --> 01:28:30,600 you know, we're really thankful for, I'm very thankful for our 1507 01:28:30,600 --> 01:28:33,200 partners. That's another one. 1508 01:28:33,200 --> 01:28:35,120 Very thankful for our partners 'cause they're the ones that 1509 01:28:35,120 --> 01:28:37,640 keep the lights on. I do like the lights. 1510 01:28:37,760 --> 01:28:41,240 So, you know, I want to give a shout out to, you know, Bitcoin 1511 01:28:41,240 --> 01:28:45,200 way let in Bitcoin. Well, you know Bitkey. 1512 01:28:45,560 --> 01:28:48,520 Stamp. Seed Stamp. 1-2 Stamp. 123. 1513 01:28:48,560 --> 01:28:51,240 Bitcoin bad. Bitcoin band, but bit love, bit 1514 01:28:51,480 --> 01:28:55,560 love all of Bitcoin bands. SAS, you know, we would not be 1515 01:28:55,560 --> 01:28:58,920 on air without our partners, so I think we're missing a couple. 1516 01:29:00,480 --> 01:29:02,280 So hive, of course. I. 1517 01:29:03,840 --> 01:29:06,720 I you know, we would not be on air without you guys. 1518 01:29:06,720 --> 01:29:10,200 So we're very very, you know, very, very thankful for all you 1519 01:29:10,200 --> 01:29:17,000 guys and mining disrupts again, big Bitcoin Ben yeah, a very, 1520 01:29:17,000 --> 01:29:20,360 very, very thankful for all you guys would not be on air without 1521 01:29:20,360 --> 01:29:22,000 you guys. We're not we would not be on air 1522 01:29:22,000 --> 01:29:24,360 without our audience. So thankful for you guys really 1523 01:29:24,360 --> 01:29:26,200 appreciate you guys tuning in every single day. 1524 01:29:26,600 --> 01:29:29,880 Maybe our dreams come true making this live show keep 1525 01:29:29,880 --> 01:29:32,840 going. It's been five years since this 1526 01:29:32,840 --> 01:29:36,880 show launched, which is pretty crazy to say when when Opti 1527 01:29:36,880 --> 01:29:41,040 joined, you know, we we decided to take it live. 1528 01:29:41,400 --> 01:29:42,840 It was an experiment at the time. 1529 01:29:42,840 --> 01:29:46,320 It turned out to be a very good idea, but. 1530 01:29:46,400 --> 01:29:48,080 You could say I was right. You could say I was. 1531 01:29:48,120 --> 01:29:49,480 Right. Yeah, I think you're absolutely 1532 01:29:49,480 --> 01:29:53,280 right. And, you know, here we are many 1533 01:29:53,280 --> 01:29:55,960 years later, you know, five years since Simply's founding 1534 01:29:55,960 --> 01:30:00,000 and. Yeah, here's to at least one 1535 01:30:00,000 --> 01:30:02,760 more year, yeah, and hopefully another 10. 1536 01:30:02,840 --> 01:30:07,240 I my, my mind is I kind of take it day by day and you know, 1537 01:30:07,240 --> 01:30:11,120 like, let's see what happens. But yeah guys, we really 1538 01:30:11,120 --> 01:30:12,680 appreciate you guys tuning into the show. 1539 01:30:12,680 --> 01:30:13,560 We love you guys. We. 1540 01:30:13,560 --> 01:30:15,160 Appreciate you. Maybe we should be thankful for 1541 01:30:15,160 --> 01:30:17,320 Bitcoin as well. I'm thankful for Bitcoin. 1542 01:30:17,320 --> 01:30:18,920 I'm a thankful. For, I mean, not for this year. 1543 01:30:18,920 --> 01:30:21,600 This year's been kind of mid, but hey, there's still time left 1544 01:30:21,600 --> 01:30:23,960 in the year. I think you just have your 1545 01:30:23,960 --> 01:30:26,440 expectations too high. You know, I think we're in a 1546 01:30:26,480 --> 01:30:29,000 bear market, I think. We're still ripping. 1547 01:30:29,440 --> 01:30:32,200 Maybe, maybe. Anyways guys, go enjoy your 1548 01:30:32,200 --> 01:30:34,400 Thanksgiving. Go enjoy it with your family. 1549 01:30:34,400 --> 01:30:36,680 I hope this was entertaining. For you, I hope you. 1550 01:30:36,680 --> 01:30:40,680 Provided a little bit of value, some sauce, some signal crazy 1551 01:30:40,680 --> 01:30:43,840 stuff happening with JP Morgan and MicroStrategy like kind of 1552 01:30:43,840 --> 01:30:47,760 this this war on Wall Street. Again, if you live in the EU, 1553 01:30:47,880 --> 01:30:51,000 hit up your representative, tell him you don't you're not OK with 1554 01:30:51,000 --> 01:30:53,360 chat control like that. That sounds crazy. 1555 01:30:54,120 --> 01:30:57,600 And again, it's you know, the Flack is heaviest over the 1556 01:30:57,600 --> 01:31:00,480 target. When I see tether being attacked 1557 01:31:00,880 --> 01:31:05,600 by legacy financial kind of institutions and media that 1558 01:31:05,600 --> 01:31:07,160 tells me the right over the target. 1559 01:31:07,160 --> 01:31:11,520 Like the the very idea that to make an even to make even an 1560 01:31:11,520 --> 01:31:17,360 argument that, you know, it's the most profitable company on 1561 01:31:17,360 --> 01:31:19,760 the face of the planet. They have gold reserves that 1562 01:31:19,760 --> 01:31:22,840 like compete with central banks and to tell me. 1563 01:31:22,840 --> 01:31:25,440 That they have a solvent. Like it's so crazy. 1564 01:31:25,680 --> 01:31:29,880 But again, the signal there is it tells me that Bitcoin is 1565 01:31:29,880 --> 01:31:32,240 winning. That's what it tells me, right? 1566 01:31:32,440 --> 01:31:34,200 And that's what I want you guys to internalize. 1567 01:31:34,760 --> 01:31:37,200 So whether we're heading into a bear market next year or 1568 01:31:37,200 --> 01:31:38,000 whether. We're not. 1569 01:31:38,120 --> 01:31:40,680 No one really knows. Anyone who tells you otherwise 1570 01:31:41,040 --> 01:31:45,000 is straight up lying. Enjoy the day with your family, 1571 01:31:45,000 --> 01:31:48,840 enjoy the day with your friends. Get fat, eat some Turkey, eat 1572 01:31:48,840 --> 01:31:51,240 some stuffing and for people. That don't celebrate 1573 01:31:51,240 --> 01:31:53,320 Thanksgiving. Enjoy the day regardless. 1574 01:31:53,320 --> 01:31:56,520 Yeah, drink some Baileys. And we'll try to make. 1575 01:31:56,520 --> 01:31:58,480 It here tomorrow we'll have a show. 1576 01:31:58,480 --> 01:32:01,840 We'll try, I'll go for her, not we'll be here. 1577 01:32:02,520 --> 01:32:06,400 We'll we'll be here tomorrow and and hopefully we'll celebrate it 1578 01:32:06,400 --> 01:32:08,760 for you guys. But anyways, guys, we love you 1579 01:32:08,760 --> 01:32:09,960 all. We appreciate it. 1580 01:32:09,960 --> 01:32:14,800 Watch out Opti, please, for me and Opti, all the love in the 1581 01:32:14,800 --> 01:32:16,600 world. Thank you guys so much. 1582 01:32:16,600 --> 01:32:19,040 Again, we wouldn't be here without you and we'll see you 1583 01:32:19,040 --> 01:32:21,560 guys tomorrow for a brand new episode of SB live. 1584 01:32:21,640 --> 01:32:24,560 Take care, everybody. Today's episode was brought to 1585 01:32:24,560 --> 01:32:28,080 you by bitcoinwell.com, a Bitcoin only platform on a 1586 01:32:28,080 --> 01:32:30,440 mission to enable financial independence. 1587 01:33:06,080 --> 01:33:08,160 We're still live. We forgot the giveaway. 1588 01:33:09,360 --> 01:33:10,480 Let. Me turn the lights. 1589 01:33:10,560 --> 01:33:13,160 Back Obti's going to turn on the lights, but yeah, we forgot the 1590 01:33:13,160 --> 01:33:17,240 SAT giveaway from Bitcoin. Well, which has happened to us a 1591 01:33:17,240 --> 01:33:19,160 couple times, but let me sign in. 1592 01:33:19,160 --> 01:33:24,280 Here, But anyways, if you stuck around Freesat, Freesat Freesat 1593 01:33:24,280 --> 01:33:28,120 alert free SAT's alert. So anyways. 1594 01:33:29,600 --> 01:33:34,600 You guys what? I'm just laughing. 1595 01:33:34,680 --> 01:33:38,120 Shout out to Psycho Psycho 05 he called it. 1596 01:33:38,120 --> 01:33:40,800 He called us out on it. And he goes like, let's go back. 1597 01:33:42,240 --> 01:33:46,200 Yeah, let me see if I can even. There we go. 1598 01:33:46,480 --> 01:33:49,440 No. Maybe. 1599 01:33:49,440 --> 01:33:54,960 Maybe we did this for nothing. I just keep spelling it wrong. 1600 01:33:55,800 --> 01:33:58,840 Wow, you have a very tough name to spell. 1601 01:33:59,160 --> 01:34:02,480 There we go. All right, so for anyone who 1602 01:34:02,480 --> 01:34:07,240 doesn't know, every time you buy Bitcoin on Bitcoin Well, you 1603 01:34:07,240 --> 01:34:11,120 earn something called Bitcoin well points, and you can redeem 1604 01:34:11,120 --> 01:34:16,080 those points at the Bitcoin wishing Well platform and UI, 1605 01:34:16,240 --> 01:34:21,680 right? So essentially every time you 1606 01:34:21,680 --> 01:34:23,920 buy Bitcoin, you earn these points and you can redeem those 1607 01:34:23,920 --> 01:34:28,640 points towards a Bitcoin well hoodie, a bid ax, an orange 1608 01:34:28,640 --> 01:34:32,960 cyber truck, a leather mint wallet, a stamp seed plate. 1609 01:34:34,160 --> 01:34:38,320 And the way that you redeem them is you press this little play or 1610 01:34:38,320 --> 01:34:41,440 sorry, you can redeem them here, but you could also play the 1611 01:34:41,440 --> 01:34:44,960 Bitcoin wishing well contest. Bitcoin wishing well contest is 1612 01:34:44,960 --> 01:34:47,280 awesome because you have an opportunity to win up to 1613 01:34:47,320 --> 01:34:51,160 1,000,000 SAT's every single time you play right. 1614 01:34:51,320 --> 01:34:54,040 So we're gonna do be doing that live for you guys right now. 1615 01:34:54,040 --> 01:34:56,320 We're gonna be playing the Bitcoin wishing well contest. 1616 01:34:56,320 --> 01:34:57,760 Get your Lightning wallets ready. 1617 01:34:58,680 --> 01:35:02,440 First person to scan the QR code has won today's grand prize of 1618 01:35:02,440 --> 01:35:05,760 400 SAT's. Again, if you sign up to Bitcoin 1619 01:35:06,120 --> 01:35:11,720 with bitcoinwell.com today by using bitcoinwell.com/simply you 1620 01:35:11,720 --> 01:35:15,000 got 3 tosses into the wishing well and every single toss you 1621 01:35:15,000 --> 01:35:17,200 have an opportunity to win up to 1,000,000 SAT's. 1622 01:35:18,400 --> 01:35:20,560 But today's grand prize is 400 SAT's. 1623 01:35:20,560 --> 01:35:22,880 So if you guys have stuck around for whatever reason. 1624 01:35:22,880 --> 01:35:24,080 Do another one. Do another one. 1625 01:35:24,240 --> 01:35:25,920 All right, we'll do another one. We'll do three. 1626 01:35:25,920 --> 01:35:27,520 We'll do three, 'cause it is Thanksgiving. 1627 01:35:28,040 --> 01:35:32,080 So another one, get your Lightning wallets ready. 1628 01:35:33,520 --> 01:35:38,960 You have won 665 sats and we're going to play it one more time. 1629 01:35:43,400 --> 01:35:49,360 You have won 458 sats. So again, if you guys go to 1630 01:35:49,360 --> 01:35:54,600 bitcoinwell.com/simply, you sign up and you use that link, 1631 01:35:54,600 --> 01:35:58,840 bitcoinwell.com/simply, you get 3 tosses into the wishing well 1632 01:35:58,840 --> 01:36:01,480 every single time. You're guaranteed to win, but 1633 01:36:01,480 --> 01:36:04,960 you're also put could potentially win up to 1,000,000 1634 01:36:04,960 --> 01:36:07,760 sats, which is like almost $1000 these days. 1635 01:36:08,240 --> 01:36:11,520 So go to bitcoinwell.com/simply today and thank you for 1636 01:36:11,520 --> 01:36:13,640 reminding us in the chat that we forgot to do that. 1637 01:36:13,640 --> 01:36:16,960 So anyways guys, happy Thanksgiving this time we're 1638 01:36:16,960 --> 01:36:18,280 signing off. Love you all. 1639 01:36:18,280 --> 01:36:21,920 We we'll be back tomorrow, I think maybe potentially. 1640 01:36:22,240 --> 01:36:25,000 Yeah, we'll be back tomorrow. We'll be back tomorrow. 1641 01:36:25,000 --> 01:36:25,720 We'll be. Back tomorrow. 1642 01:36:25,960 --> 01:36:27,880 Take it, take it easy everybody. Love you all. 1643 01:36:27,880 --> 01:36:30,000 Peace. Today's episode was brought to 1644 01:36:30,000 --> 01:36:33,520 you by bitcoinwell.com, a Bitcoin only platform on a 1645 01:36:33,520 --> 01:36:35,880 mission to enable financial independence.