Yo, Larry Laparde accurately predicted this recent market
crash, but also made a shocking prediction about where Bitcoin
goes next. Let's get straight into this
prophecy from only 8 days ago, and I want you guys to pay very
close attention to what Larry predicted about Bitcoin's price
after he nailed this recent market crash.
Let's check out the clip. Larry, what's going on with the
price of Bitcoin? And your answer was fascinating.
Yeah. So, yeah, let me just elaborate
on what I think's going on. And it's probably not what
Bitcoin is want to hear right now.
But so I, I think if you look at what's going on where we are on
the movie, right, we're at the point in time where the the US
stock market is about to roll over.
It started rolling over, broke through some critical resistance
and we're in a little bit of a bounce right now, but I think
we're about to have another leg down.
And this is all being driven by the Trump policies, you know,
the tariffs and, and kind of the disruption stuff he's doing.
And, you know, the market doesn't like uncertainty.
There's a lot of uncertainty. So and, and the market's very
overvalued using any historical measures.
So I believe we're about to enter a market downturn, fairly
significant one. It's kind of down 10% from the
top. I think we could easily go down
20 and maybe even 30 or 40 over the next few months.
And if that's the case, that's a negative liquidity event, You
know, people, stocks get marked down and people feel less
wealthy and, and it's, you know, a cyclical thing for the
economy, etcetera. And so typically when that
happens, all asset prices go down because people have to sell
to meet margin calls, so on and so forth.
And as I was saying to Nico pre pre show, you know, bitcoins not
immune from this, sadly, it, it is sound money.
It, it should be a, a safety bid, but, but it won't
necessarily get a safety bid. And, and so I'm actually of the
view that just to cut to the chase that we could see a lower
Bitcoin price before we see a much higher Bitcoin price.
And you know, by that I mean, maybe something in the high 70s,
something starts with a 70, which I know is not what people
want to hear, but I think it's, I think it's possible.
If it does happen, I don't think it'll last for long.
The reason I say that is that the Federal Reserve has already
started to indicate they're going to loosen.
They, they, they reduce the amount of quantitative
tightening that they are doing from 25 billion a month to 5
billion a month. That's a big cut in a
concession, I think, on the part of of Powell to to help Trump
out. And, and I think that when the
market rolls over the way we're describing, it won't be long
until the economy and employment and all the other indicators
start to indicate softness too. And even though they haven't
really licked inflation, they're going to look beyond that and
just say, well, OK, time to time to get more aggressive about
cutting and they're going to cut.
And when that happens, then bitcoin's going to go the other
way. And it's because that in my
view, will be the the prelude to what will ultimately be coming,
which of course is the name of the book, the big print.
And so, you know, as I said to Nico, I also think by the end of
the year, bitcoin's going to be at 1:40 to 2:50.
So that's December. But I guess the point I'm trying
to make it, and this is just a guess.
I mean, I've been wrong a lot probably be wrong about this
too. But you know, you have to win.
You're a macro guy and you're making investments, you're
managing a fund. You got to try to make your best
estimate of what's going to happen.
And, and I, I think the stock market's in trouble and I think
that right now there's a lot of correlation between the high
tech stocks and Bitcoin. I think this cycle will break
that correlation, that this will be the time when you know the
stock market will roll over and they will come with liquidity to
try and prevent the downturn from occurring and the stocks
will ignore it. All right, everybody.
And Larry got that absolutely 100% right.
That was only 8 days ago backstage at the Mining Disrupt
conference in Fort Lauderdale, FL.
And exactly what he predicted in regards to the market is
happening completely red. I mean, the S&P is literally
falling off a Cliff. If you look at the chart and
what what Larry said regarding the decoupling is actually
happening. The Bitcoin price is actually
holding strong despite one of the worst days in the SNP.
So I mean, this is crazy, bro. This was this was prophetic.
Is Larry Leopard the new Lisan Al Gaib?
Josh Mandela held the title for a couple of weeks, and now it
could be a couple of days. And now it's Larry Leopard and
we have a little sneak peek for you guys.
We're actually going to be interviewing Larry Leopard here
at the Bit Block Boom conference.
Dante's going to be having that interview.
So we're going to have another update for you guys from the new
Profit because he hit the nail on the absolute head here.
But again, what's really interesting to me, I was
thinking Bitcoin was going to fall off a Cliff.
Like the fact that Bitcoin is holding strong.
Like Bitcoin historically has been treated like a risk on
assets. So it it should be falling off
the off the Cliff with the S&P. But that's clearly what's not
happening. Anyways, Opti, what's your take
on all this bro? Yeah, well, shouts out to Larry
and and honestly shouts out to him in that in that clip,
because he was very humble about it.
I know he kind of gets a lot of a lot of the trash talking on
Twitter. They call him a doomer all the
time. And he's like, look, as a macro
guy, you make predictions, you may be wrong.
You got to, you know, eat that humble pie when you're wrong.
But hey, a week ago, we didn't really know what was going to
take place with all these tariffs.
Obviously, now in hindsight, we know what happened.
There's been global chaos in all markets.
You know, Nasdaq's down this morning worse than it was
yesterday. We're seeing even gold's kind
of, you know, not hitting all time high right now.
So we're seeing that there is a lot of uncertainty in the
markets. But the biggest signal here is
what Nico just said. Bitcoin is holding very strong.
It's super resilient right now. I know when we were watching the
speech the other day, we saw it go up to about 87, almost 88,
and then it went down to 81. But today it's at like 83 in.
In the face of all this economic uncertainty being caused by
tariffs, I think Bitcoin is holding on very, very strong.
I think that is the silver lining right now.
And maybe this is the greater trend we've been thinking was
going to play out in a long time.
The tariffs are causing a lot of economic uncertainty, but now
maybe maybe people are starting to understand that Bitcoin isn't
necessarily that risk on asset that they thought it was.
It might in fact be that risk off asset and the fact that it
is holding this strong in the face of literally the worst.
I think of the I think Rusty and I were talking about this this
morning. It was all on CNBC, the worst
two day market downturn since 2020 and Bitcoin didn't dump
this time. So we're may not be seeing a
Black Swan moment like we saw in 2020.
This may be, I don't know if you say it the opposite way, like a
white swan moment here where Bitcoin is acting very, very
well right now. And I know like Larry was
saying, hey, this is probably not what Bitcoiners want to
hear. He's kind of saying maybe it
goes to 75 K, but by the end of the year, it might or probably
will go into the mid 6 figures. I know Arthur Hayes is kind of
saying something similar. We covered that on Monday.
He said, look, I think it might go down to 76 K, but I think
shortly after it'll go into, you know, 200K territory and he's
kind of leaning more towards 200 K territory.
So what do we really know? Obviously, we're reading tea
leaves here, but it is absolutely incredible that Larry
Leopard kind of, you know, hit the ball out of the park on this
prediction. And I think it really goes to
once you understand Bitcoin fundamentals and of course, now
we're all macro experts because we have to be.
You kind of see the writing on the wall and you're seeing, hey,
things are essentially playing out how we've been talking about
all week. You know, we're seeing this war
between Scott Besset and Jay Powell.
It seems like Powell is kind of getting put in his place.
And you know, the 10 year Treasury is down under 4%.
And there, if you watch that whole clip, Larry said there's
four things that he watches. He watches the price of Bitcoin,
the price of gold, the price of the NASDAQ, and then of course
the 10 year Treasury bond yield. And most of those things are in
the red. And Bitcoin is holding very
solid right now. So I would say it's a lot of
bullish indicators in Bitcoin's favor.
Obviously we want to see the Bitcoin price RIP because of
course we're, you know, we're, we're stupidly bullish on
Bitcoin always. But I think in the face of all
the economic uncertainty, Bitcoin is holding up very
strong. And this tariff stuff is, is a
big deal right now. And we're seeing that there is a
lot of fear in the markets. And I mean, yesterday we were in
a Lyft and even our Lyft drivers were talking about what's going
on in the markets. So we're we're almost I I don't
want to say we're at the like shoeshine boy being bullish on
Bitcoin, but we are at the shoeshine boy talking about the
global, global markets because it's that impactful.
So it seems like Bitcoin is just, I don't know.
I would say it's ABS absolutely doing an incredible job right
now. I'm I'm just happy I'm a
bitcoiner considering everyone else is freaking out. 100% I
mean it, it's crazy that again, Bitcoin is not acting like a
risk on asset. People are using it.
I mean it, it, this is this is uncharted territory right now.
Again, I think Trump, Trump's in the driver's seat.
I think Trump is actively trying to force the hand of the Fed to
change from that QT stance to that QE stance.
And during the new segment, we're actually going to do a
little bit of a deep dive. We have a theory we're
speculating here. There's no way to confirm this
for sure, but it's Trump trying to end the Fed all together.
I mean, we have a couple of clips that we have compiled and
it makes a very strong case that that is his goal.
I don't think from an Overton Window perspective, that is
something that he can publicly say.
But there is a very famous clip going around a couple days ago
of Elon Musk essentially being asked by a member of the crowd.
He was actively campaigning, I think it was in Wisconsin.
And he was act like, you know, Elon, what do you think about
the Fed? And then as a joke, Elon was
like and the Fed and the Fed. And then he ended the
conversation with essentially making the case that hey, look
like, you know, he started talking about waste and he
started talking about doge, right?
So we've been making the case that, look, even if DOGE gets
some of this crazy deficit spending under control, there's
still going to be a tremendous amount of waste because it's not
addressing the root cause. And we're just one
administration away from essentially reversing all the
work that DOGE has done. The root cause of all this is
the central Bank of the United States.
It is the Federal Reserve. It's the ability for the
government to create money for free that everyone else has to
work for. All the things that are
happening in the in in government right now with all
these inefficiencies, that is the root cause.
And if you don't address the root cause, the problem is going
to continue repeating. Not only repeating, it's going
to continue to get worse. So we're going to be talking
about this. We have a bunch of clips
compiled to make the case for you guys.
I mean, Trump might be playing 3D forty chess right now.
His goal might be to end the Federal Reserve.
Once you guys see these clips towards the middle of the show,
I mean, they make a very, very strong argument of just that.
But today's headline is Bitcoin is holding strong while the
market, the SNP, continues to meltdown.
Again, this was predicted by Larry Leopard 8 days ago.
We just played you guys the clip.
We're going to get you guys a new interview regarding Larry's
current thoughts at the Bit Block Boom conference.
I think tomorrow that's going to be happening.
So guys, it's going to be a great show.
We have tons to cover. We also have a clip of you guys
of Preston Pish talking about essentially what's going on,
what's going on with Bitcoin, how Bitcoin is essentially
changing the whole global macroeconomic landscape.
It's forcing people to forcing countries, it's forcing nation
states, it's forcing economies to kind of change their outlook
because Bitcoin exists. And again, you don't change
Bitcoin, Bitcoin changes you guys.
It's going to be a great show. If you guys are enjoying it so
far, 1200 of you guys watching live between YouTube and X, make
sure to smash that like button and want to give a shout out to
the live chat and appreciate the Super chat from Vault Dweller.
Thank you for the $2.00. So guys smash that like button.
If you guys are enjoying today's show, we still have a ton of
content to get to. We'll be right back.
We're going to hit the number second numbers segment.
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today. All right, everybody, we are
back. Let's jump straight into today's
numbers. We have tons to talk about.
Here we go. At the time of recording, the
Bitcoin price is $83,120. Block height 890,916 sats per
dollar 1203 market cap 1.65 trillion Bitcoin versus gold
market cap 7.72% Percentage issued 94.5% decline from all
time high -23 point 9% Realize monetary inflation .8 through
eight 8%. Anyways, I have a clip for you
guys from the BTC session show. Preston Pish has some thoughts
regarding the whole Fiat system Bitcoin.
I thought it was really interesting.
I'm going to play it for you guys and then me and Opti will
discuss. When I look at everything that's
happening right now, they're being forced, traditional
finance, Fiat, all of it. They're being forced to play our
game is all there is to it. There's going to be a lot of
confusion. This is going to be very messy.
No one ever thought this was going to be very simple.
And just like in the individual, when they come into this space
and they get all excited and they go out and they buy a bunch
of this coin, that coin, and they really don't even
understand what it's all about. You see that then happen at an
organizational level and now you're literally watching it
happen at a nation state level. And it shouldn't surprise
anybody because it at the very top of a nation is a leader and
a person who's calling the shots and their whole staff is falling
in underneath of them and they're they're propagating
these messages. And so sometimes you see in El
Salvador where somebody just kind of gets it right out of the
gate. They're orange pill.
They understand why bitcoins very different.
And you get that's that leadership that's all underneath
of that. And you saw that, you know, in
style. You saw this also with
MicroStrategy with Michael coming in and he's a hardcore
bitcoiner. The only thing he buys is
Bitcoin. You might see that approach.
You might not see that approach. I would argue in the US where we
came from in the past administration and what they
were trying to do with a crypto army to defeat it and put all
these things in place. I mean, Gary Ginsler was a
puppet, trying everything to stop the SAB 1/21 as an example.
All of those things, they're all being reversed and turned inside
out. And so as I'm looking at this,
why am I bullish? Well, I'm bullish because
they're being forced to play our game.
And when I look at like SAB 121, all these banks, they're going
to come into this hardcore, they're going to come into this
okay. And if you think you're going to
turn that off after four years, after they get totally ingrained
into this ecosystem, you're totally kidding yourself.
Now, are there going to be a lot of mistakes?
I, I hope not. I hope I'm trying to do
everything I can, writing different articles talking about
rehypothecation and the risks that are associated with that
being pulled back and, and what not.
But we got to try the best we can.
And it's an, it's an education burden.
And I'm super, super, holy crap am I bullish going into this
year. But I also want to take all the
lessons we've learned for the past decade and 1/2 and try to
apply that to and try to teach people the best we can so that
we don't keep repeating the same mistakes.
And my God, there's a lot of mistakes we've made or seen in
the past that I think we can learn from.
Today's bullish bit was brought to you by Coin Kite, makers of.
Sorry about that. The end.
Anyways, Opti, what's your take? I mean press and pitch dropping
the wisdom on why are we bullish, What are your thoughts?
Yeah, well, obviously I love Preston pitches analysis on all
things stock market. You know he, I think he's been
one of the and I hate to use it, thought leaders in the Bitcoin
space who's been nailing a lot of this stuff and, and I find it
very interesting. You know, a lot of us
bitcoiners, we we do kind of get ahead of our skis at times when
we talk about Bitcoin because we fundamentally have our biases
being confirmed constantly. We think Bitcoin is the best
asset, the best money in the world to hold and a lot of times
we forget just how tiny the Bitcoin market is in general
compared to other global assets. But as press and pitch is kind
of laying out, it's we're starting to see that every other
institutional asset manager, basically everything in the
world right now that has to do with capital is starting to play
our game. And I love how he said it's like
they're being forced to play our game.
And of course, by that we're talking about the Bitcoin game,
hard cap, supply, censorship resistant, permissionless
network, 24/7 global liquidity. And, and we're starting to see
that there is this transition era that we're going through.
Yes, Bitcoin is maturing. Yes, we're entering a new
paradigm, but it it's starting to seem like the, you know, the
leaders of the world or the leaders of capital in the world,
whether it's the Larry Finks, the Donald Trump's or everyone
around the world is starting to have to take a very serious look
into Bitcoin. And I think that's what Preston
pitch is laying out there. Obviously, he can say it a lot
better than I can, but we're starting to see that a new game
is starting to kind of proliferate right now.
And hey, as we know, the meme, as Max Keiser's been saying
forever on every show he's ever been on, is you can't change
Bitcoin. Bitcoin changes you.
Now, of course, Bitcoin is tiny right now.
So are we going to see Bitcoin instantaneously change
traditional finance? Obviously, no.
We've been doing this for about 16 years in the Bitcoin space.
So that who knows how long this next transition phase is going
to be, whether it's, you know, by the end of the Trump
administration, whether it's two cycles from now.
But we're starting to see that people are waking up to the
proof of work mechanisms that is Bitcoin in every aspects of
life. I've been saying this for a long
time on the show. Proof of work is a lifestyle.
It's not just, you know, how mining works.
You have to put in the work. You have to adjust to how proof
of work works and, and it seems like we might be moving away
from a Fiat proof of stake system into a Bitcoin proof of
work system. Obviously it's going to take a
long, short or sorry, a long drawn out time here.
It's not going to be easy. But I do think we are starting
to see the beginning of people capitulating and bending the
knee towards Bitcoin. It's, and it's not even because
they want to, It's because they have to look at the markets
today and look at the markets yesterday.
People are freaking out right now, so they have to adjust
their world. View and obviously as a
bitcoiner, we're like we have the best world view we're able
to predict where the future is going we're able to predict
where the ball is going and we are just kind of waiting at the
finish line. Obviously I'm not going to go
full pod comped on Uniko and say that Bitcoin has already won,
but we are ahead of the curve and we're just seeing everyone
kind of start to realize what the hell is going on and somehow
45 IQ bit corners on YouTube are like guys, it's it's it's pretty
simple. We've been telling you all week
what is going on and now it seems to be playing out.
The dominoes are falling and I think Preston Pitch is right,
the world is being forced to adopt Bitcoin, they're being
forced to adopt our game and you just love to see it.
A. 100% and anyone who doesn't have Bitcoin is going to be left
behind. I think that is clear as day and
really exciting times, man, we're heading in like even
despite the market just dropping like crazy in the SNP, Bitcoin
is holding strong again. The US government has every
intent to, with this current administration to acquire more
Bitcoin. I mean, I mean, this is pretty
crazy. This is this, this is going to
be a crazy 4th, 4th turning. I think the next four years
we're going to see some crazy, crazy events that we've never
seen in world history before. I think Breedlove thesis was
that essentially at the end of this 4th turning, people are
going to discover the answer to what is money.
I think the world is slowly awakening to that, the global
consciousness and of course, all roads lead to Bitcoin.
Guys, stay tuned because during the news segment, I'm going to
be making the case as to why the Trump administration possibly
has the intent to end the Federal Reserve.
There's a lot of things that he has said that, you know, makes
you question. And again, I'm not the only one
saying this, a lot of people are are, are also coming to this
theory as well. So I'm going to be laying out
the case for you guys. Also, it seems like there's
currently some politics happening between the Fed that's
supposed to be independent. But if the Fed is independent,
who tells the Fed what to do, right?
Like, you know, we always hear about a danger to democracy.
We always hear about democracy, democracy this, democracy that.
the Fed isn't democratically elected. the Fed is appointed,
right? So you know that I find quite
interesting because it's like we elect the president, but the
president isn't the one making the decisions about the money.
What's going on here, right? The curtain, I think, is being
revealed. I think slowly but surely, the
Overton window is shifting. And I think people at the end of
the day, when they're going to come to the conclusion that the
Fed is the sole cause for a lot of the economic woes that people
are going through, I think people are feeling the wealth
inequality. I think people are feeling the
hurt of not being able to afford housing.
I think people are feeling the hurt of not being able to afford
rent. The millennial and Gen.
Z generation were the first generations that are poorer than
our parents, right? Like that, That's absolutely
crazy, right? But what is the root cause?
The root cause is broken money. The root cause is the ability
for the governments to just create money for free that
everyone everyone else has to work for inflation.
Inflation is breaking the world. This is the whole basis of of of
Larry's book, the big print. But Bitcoin fixes this and you
don't have to wait for an election.
You don't have to wait for a president.
You can start adopting the Bitcoin standard today and start
benefiting from bitcoins number go up technology.
It provides an Oasis and a sea of inflation.
Anyways, everybody we're going to get to the news.
We have tons to talk about, guys.
Smash that like Button Help us break 150 likes within the first
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We'll be right back. We're going to hit the new
segment. Let's check it out.
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All right, everybody, we are back.
All right guys, bear with me because this is a this is a bit
of a rabbit hole. 1st, I'm going to play you guys this clip from
Matt Gaetz show again, we aren't the only ones that are coming to
this conclusion. And what is that conclusion?
That conclusion is, I believe Trump wants to end the Fed, but
he can't overly say overtly say it.
So bear with me, right? And we always talk about the
Overton window and you guys make fun of me.
But I'm going to, I'm going to, I'm going to define what it is.
So the Overton window is the acceptable window of discourse.
If you talk about a subject that's outside of the Overton
window, you get, you get othered, you get considered a
radical, you get it, it, it, it seems crazy to most people.
So our job as Bitcoiners is to move that Overton window.
And we've done that tremendously.
Elon has been mentioning mentioning on X all the time.
He's like the Overton window has shattered because of how many
things have happened in the last year and a half, two years,
right? So the disintermediation of
information completely happened, right?
The vast majority of people now, not the vast majority, but the
majority of people now get their news on social media and they
don't get their news on legacy media.
If you get your news on social media, you live in a completely
different world than people that live in the get their news from
legacy media. It's a completely different
reality, right? So again, more people are
awakening, more people are doing their own research, more people
are getting their information from independent media sources,
and in the process, they're waking up to reality.
But again, if you're a politician, you can't just say
things that seem radical because again, that gives ammunition to
your political opponents and it also reveals what your next move
is. So instead of judging people on
what they say, judge people based on their actions.
So that's what we're going to focus on today.
Now, again, this is speculation. We're making a theory for you
guys. We're we're making the case for
you guys. And then let let us know what
you guys think. Let us know down in the comments
if if you guys believe we're seeing things that are not
there. So first let's play this clip
from the Matt Gates podcast and then we'll talk about it.
Tyler, there was also this order that came out stopping the
creation of a central bank digital currency.
What do you make of that? So I was just talking to Josh
about this. We've been actually talking
about it all day. I've been making videos about it
all day. And what it tells me is that,
and this could be up for debate, but maybe Trump's looking to end
the Fed or at least have some control over the Fed.
And we haven't had that in a long time.
And I know it's a very bold statement, but that's what it's
looking like to me. One of the big things Josh has
brought up tokenization, that's going to be massive as well.
So, you know, one of the one of the other biggest things is the
regulation side of it, right? When I think about this, this is
a huge step towards freedom of money, freedom of commerce that
we haven't had in so long, right?
And with the Fed coming in and saying, with Trump saying to the
Fed, you're, you're not coming in, you're not going to be part
of this. I mean, he literally said that
it's not going to be for the Fed, It's not going to be for
the FDIC. You know, these groups that were
forming, you're not allowed access.
And it tells me that he's trying to decentralize our money and,
and in turn that's going to decentralize everything that
we're doing from. So, so think about what he said
for a second, right? So decentralize the system.
So the Fed, essentially Trump stopped the Fed from being
involved in Bitcoin and crypto from a regulatory perspective.
He also completely stopped what what I believe is the only
future for central banks, the central bank digital currency
and his executive order. He explicitly forbade the United
States government from launching a central bank digital currency.
Now, if you take a look at his strategy with the tariffs and
you take a look at what Howard Lupnik is saying, Howard Lutnick
said in an interview that essentially the goal is to end
income tax for anyone who's not making 100, anyone who's making
150K or below, they get to pay no income tax.
But the only way that Trump is able to do that, again, he can't
overtly do this. He's telling you his goal, but
the only way he's he, the only way he's able to do that is to
replace that revenue with a different form of revenue, which
is what the tariffs are all about.
This is why he continues to talk about the tariffs.
He references the late 1800s. He's basically said that was one
of the wealthiest moments in American history.
We had so much money, we didn't know what to do with it.
And the reason that the US government was so well funded
was because of the tariffs. So again, he's not directly
saying, OK, let's end the income tax via executive order.
He's saying let's replace the income tax with another form of
revenue. I think he might be doing the
same thing with the Federal Reserve.
But again, it's not what he's saying overtly.
It's with his action. So again, he's taking away the
Fed's ability to launch a central bank, digital
currencies. And no, no, that's not that's
not going to happen in the United States.
He's taking out the Federal Reserve from the regulatory
decisions with about the Bitcoin and crypto industry.
Remember last year it would we found out multiple times I had
Caitlin Long on the show and she explicitly told us about the
Fed's hostility towards a lot of these crypto Bitcoin friendly
banks, specifically Custodia bank that Caitlin Long was, was
applying for a federal banking charter, which would allow her
to be competitive with other other banks.
She the Fed slow walked her. She needed the approval of the
Fed to get that banking charter with Trump.
Trump's coming in says no, you don't even need approval of the
we're going to separate that right.
So again, don't pay attention to what they're saying.
Pay attention to what their actions.
Now take a look at this clip from so-called liberation day.
That's what Trump called it. That's not what we called it.
He mentions a very specific year.
That year is 1913. In 1913, two things happened,
the introduction of the income tax and the establishment of the
Federal Reserve Bank. Let's check out the clip. 1789
to 1913, we were a tariff backed nation in the United States was
proportionately the wealthiest it has ever been.
So wealthy in fact, that in the 1880s they established a
Commission to decide what they were going to do with the vast
sums of money they were collecting.
We were collecting so much money so fast we didn't know what to
do with it. Isn't that a nice problem to
have? What do you think Marco?
Good problem. Marco would love that problem,
but we don't have that problem anymore.
But we're not going to have it very much longer, I will tell
you. But they collected so much money
they actually formed a Commission to determine what
they were going to do with the money, who they were going to
give it to and how much. Then in 1913, for reasons
unknown to mankind, they established the income tax so
that citizens rather than foreign countries would start
paying the money necessary to run our government.
Then in 1929 it all came to a very abrupt end with a Great
Depression and it would have never happened if they had
stayed with the tariff. So 1913, the establishment of
the Federal Reserve, the whole point of the Federal Reserve was
to like essentially stabilize markets, right?
You know, make sure that unemployment is low, make sure
that inflation is low. The two biggest depressions and
recessions in American history have happened under central
banking, the 1930s, and, of course, the Great Recession that
happened in 2008, which led to the creation of Bitcoin.
And all of this is connected, right?
And I love his answer. His response for reasons
unknown, right? Of course he knows the reasons.
But perhaps the reasons are
outside of the Overton window. Now, again, I would say the good
news is that I think people are waking up.
Here is Elon during a campaign and someone from the audience
explicitly asks him about the Federal Reserve.
Take a look at Elon's answer. It's extremely important that
you guys pay attention because Elon strolling Lee says and the
Fed, but he ends up talking about wastes.
And this is what we've been saying.
The waste is enabled by the central banks.
The central banks is what allows the waste to happen because if
you don't have a central bank, if you don't have a money
printer, the only form of revenue the government has is
via direct taxation. And you could only make that so
high before people start to get pissed off.
But the reason that people don't notice that they're getting
taxed in two different ways is because it's a very insidious
tax. It's a the actual number in your
bank account stays the same. So you don't realize that you're
purchasing power decreases. And make no mistake, the cause
of inflation, the cause of monetary debasement is not the
weather. It's not what's happening in
Ukraine. It's not, you know, whatever
reason they, they've given us every single reason at this
point. It's not any of those things.
It is literally the government printing money.
And remember, the US government has a $2 trillion deficit year
over year. How are they able to spend more
money every single year than they collect in tax revenue?
They're able to do that because they're able to print the
difference. And people, our job as
Bitcoiners is to wake up people to that reality because all
roads lead to Bitcoin. Bitcoin fixes this.
Remember, every single block that Bitcoin survives continues
to exist. It proves that money can exist
without inflation. I show you guys this number all
the time in Clark Moody's dashboard and I point, I pointed
out on the very bottom right when me and Opti started
covering the realized monetary inflation of Bitcoin, it was at
roughly 3 or 4%. We've been covering this stat
for you guys for about like a year and a half, two years now,
and it's continued to go down. It's at .88%.
It's going to go down to .5. It's going to go down to .1.
It's going to go down to .2. Even if central banks get to
that magic 2% number, Bitcoins inflation rate is still lower.
Bitcoin proves that money can exist without inflation.
And remember what NBK said on yesterday's show, and it's
something really important for you guys to remember.
If you have any type of wealth or any type of savings, you are
forced to invest just to maintain your purchasing power.
What if you're a painter? What if you are a plumber?
What if you're a doctor? Why do you have to learn how to
invest just to live? This is the problem that Bitcoin
fixes. All Bitcoiners are advocating
for is live your life, live below your means, save in
Bitcoin and you can get by. We live in an upside down world
because of Fiat, because of central banks.
And I think Trump and Elon know this.
I think Howard Lopnik know this. Remember, Howard Lopnik is a
bitcoiner. Anyways, let's check out the
clip from Elon. The half of America for the
idiots you have to deal with, for what you're doing for us to
improve our country. Second of all, my question is
what is your opinion on the Federal Reserve and do you have
any intentions of doing anything with them?
And the Fed, yeah, I don't know. I always wanted to say that, you
know, but, but I mean, I think that's like 20,000 people that
work at the Fed seems pretty high.
In fact, there's a lot of people who work with the Fed on us
things like why do we have so many people at this at the Fed
and what do they do? And you know, sometimes I wonder
which one would win, you know, the federal for interest rates,
the, the federal, the board of the Federal Reserve or a Magic 8
ball. And I'm like, I think the Magic
8 ball might win, you know? So then I'm like, well, Magic 8
ball is a lot cheaper, so. You know, it's like you shake
it, it says check back again later.
I'm like, OK, same thing. But but I think we, we, we, we,
we. What really matters is that the
government spending it is, is not far in excess of government
revenue. That's a fundamental issue that
we have where the, we have a, a deficit of $2 trillion and we
have interest payments that now exceed the entire budget of the
military. In fact, that that was a big
wake up call for me was when the, the amount of money that
we're paying national debt interest exceeded the Defense
Department budget. And like Defense Department
budget is very big and interest is higher than that and, and,
and climbing. That's a disaster, You know, so
the, the very simple, straightforward goal of, of the
doge team is to get rid of waste and forward.
It's, it's mostly waste. It's it's or depending on how
you know, I'd say it's probably 80% waste, 20% for.
All right, everybody, so let's break it down.
There's a lot of things that he said there.
First of all, he said, listen it a Magic 8 ball will do a better
job at essentially picking interest rates than the Fed.
20,000 people work at the Fed. What do those people do?
Right? Like again.
And then he trollingly said like, I think to cover.
Like what? How he actually felt like end
the Fed, end the Fed. You know, like he said it as a
joke. But then he made the argument as
to like, he was basically saying this is obsolete.
And then at the end he talked about waste.
I mean, like, did he? I mean, he did explicitly say
it. He said it jokingly, I think to
cover, you know, because Elon's in the headline.
Anything he does is in the headlines these days.
But I, I, I don't know, I don't know how much of a stronger case
we can make for you guys. Trump mentions 1913.
Elon explicitly says and the Fed says the interest rate, that 8
ball could do a better job at picking the interest rates.
Talks about waste, talks about 22,000 people working there.
I mean, I think it's, it's clear as day, but I think they're,
they're using the same strategy that they did that they're doing
with attempting to end the income tax.
I don't think they can do it overtly.
I think they have to prove that the system can function without
those things. And I think for the income tax,
he's trying to do it with the tariffs.
And I think with the Fed, you might be able to do it with
Bitcoin, you might be able to. But again, I might not.
I might not be seeing something that's actually there.
But this is pretty explicit like, and again, I'm not the
only one to reach this conclusion.
I played you guys a clip from the Matt Gaetz podcast.
Why is Trump taking out the Fed from Bitcoin and crypto
regulation? Why in the same executive order
regarding Bitcoin that he or digital assets that he
explicitly say that he forbids the federal government for
launching a central bank digital currency Again, all you have to
do is pay attention and connect the dots, right?
And our boy G money, right, has been saying this for about two
years now. Me and Opti have been probably
longer. We've been looking at him like,
there's no way. I think he's wrong.
But I mean, all things point to something.
Oh, and I forgot to mention, right now there's a heated
political battle between the two institutions or the the
executive branch and the Federal Reserve.
I'll show it up. I'll show it to you guys.
So this is Trump's Truth Social post from this morning at 10:00
AM. He said this would be a perfect
time for Fed Chairman Jerome Powell to cut interest rates.
He is always late, but he can now change his image and
quickly. Energy prices are down, interest
rates are down, inflation is down, even with even eggs are
down 69%. That's hilarious.
And jobs are up, all within two months.
A big win for America. Cut interest rates.
Jerome, stop playing politics. What's really interesting is Fed
Chair Jerome Powell says tariffs will raise inflation in the
coming quarters. And remember, this gives him the
air cover to keep rates high because, again, the whole point
of keeping rates high is to lower inflation.
And he's saying, oh, look, inflation with the tariffs,
inflation is up, you know, So this is a game of chicken.
This is politics. But this is crazy to me because
if you see it on its head, we are supposed to be living in a
democracy. We hear that all the time.
Democracy this, democracy that, democracy this.
Nobody elected Jerome Powell. He was appointed.
The American people elected Trump.
Whether you disagree with him or not.
That's democracy, right? The American people elected
Senate. The senators, American people
elected the congressman and woman. the Fed is acting like an
independent entity with no democratic check.
That's weird. That's really strange.
That's very, that's very effing strange.
I don't know what else to say about that.
Right. So again, like, isn't the
president supposed to be, you know, the commander in chief,
the one leading the country, and he has to essentially tell
someone who's appointed like, hey, lower the interest rates
and then he's playing politics. And then if you take a look at
the the article that was released by Arthur Hayes, Arthur
Hayes explicitly said, hey, you know, Powell explicitly tried to
get Kamala elected, like politically, right?
So again, it's supposed to be an independent, you know,
institution, entity, whatever you want to call it.
It's not supposed to be political, but it's been acting
political. I don't know what else to say.
You know, I don't know what else to say.
Listen, Bitcoin exposes incentives.
I think incentives are being exposed.
I think the Fed has to end. I think this conversation of,
you know, this conversation of Bitcoin strategic reserve, it's
great. Fine, the Overton window is
moving, but I think Bitcoiners should not lose the eye on the
price. I think Bitcoiners should not
forget what the end goal is here.
The end goal here is to end the tyranny of central banking.
That is the goal. We have the tool.
The tool is Bitcoin. It's very difficult to Co opt,
especially if a lot of individuals are taking self
custody. But we should keep our eye on
the prize. The eye the prize is and the Fed
and the Fed and the Fed. Anyways, if you guys are
enjoying today's live show 2300 of you guys watching live, make
sure to smash that like button. Currently we're at 174 likes.
If you guys are enjoying the show, make sure to smash that
like button. Help us break 250 likes to see
someone in the chat. Nico is pissed.
You're right that I'm pissed. You're right that I'm pissed.
Our generation got the short end of the stick because of the Fed,
right? Look at what happened happened
in 2008. No significant banker went to
jail for what happened in 2008. What happened in 2008 was a
crime. Main St. bailed out Wall Street
and no central banker paid the politician.
I mean paid the price. In fact, they got bailed out by
the government. You want to know if you're, you
want to know why, if you're a millennial or Gen.
Z, you cannot afford a house. You guys want to know why?
You guys want to know the reason?
That's the reason. Because of what happened in
2008. But that was only enabled
because the Federal Reserve exists.
That was only enabled because central banking exists.
Remember what is in the genesis block, Chancellor on the brink
of the second bailout for banks. This is why Bitcoin was
invented. This is why Bitcoin exists.
So yes, number go up. Yes, the ETFs are great.
Yes. Oh my God, you know strategic
Bitcoin reserve Who kumbaya? We're all going to get rich.
We are here for the revolution. We are here because we want the
world to be better for our children and the future
generations. And if that world is a future of
central banking, it's going to be a future of slavery, nihilism
and endless wars. If we want a future of Bitcoin,
it's going to be a future of peace, prosperity, opportunity
for all. So and the Fed.
And I think Trump, whether he's actively or consciously doing
it, the silver lining is at least he's moving the Overton
window. At least he's referencing the
year that this institution was established, 1913.
Let's keep going down that rabbit hole.
You know, I used to say we haven't won until we get a
central bank. I mean, a a Bitcoiner in the
White House. I used to say that.
I said, so listen, if if we get a bit of a pro Bitcoin president
in the White House, we won. If we get a president that
freeze Ross, we won. I used to say that and we got
that. And maybe I'm getting a little
bit greedy, but we need a Bitcoiner in the White House
that says, and the Fed, that's what we need next.
So Trump is good. He's done a lot of good things
for Bitcoin. But we got to continue moving
that mother effing Overton window until you have the US
president looking at a camera and telling the American people
that the reason they're all poor and they can't afford things is
because of the Federal Reserve. That's what we need.
That's what's actually going to fix things.
So until that happens, it's OK. It's OK.
You can save and earn in Bitcoin and you'll be protected from the
monetary debasement. Anyways, my, my rant and my
ramble is over. I wanted to give you guys a
little bit of Nico Jones on Friday like we did in the OG
Simply Bitcoin Days. Opti, what's your take on all
this, brother? Well, First off, Nico Jones is
back. It's been a while.
It's been a while since Nico Jones has been on the show.
I think we finally got him back. You know, he he was hibernating
during the bear market, but the kid is back.
Honestly, before I kind of, you know, take give my take.
I mean Nico nailed it. So but I do want to mention like
this morning, while we were we were all sitting here.
We're we're in Dallas, Airbnb, the whole simply Bitcoin team is
is sitting here and we were watching CNBC and we're seeing
the bloody markets. We're seeing Bitcoin kind of,
you know, hold itself really well.
And the vibe that Nico just put out is the vibe we had here in
the morning and we're just sitting here like, man, like I'm
finally feeling excited again. It's been a, it's been a rough
year or two here in the Bitcoin space where we have so much
bullish news. And right now, I think we're all
more bullish on things happening outside of Bitcoin and then just
how strong Bitcoin is reacting. And we're all sitting here
watching the news. Ruston was you guys watch
Ruston's show. He was doing that just here
chilling with us. He was losing his mind.
He's losing his mind on the back end right now.
And I I think we're all getting more and more excited
considering the economic landscape.
Breaking news Breaking. Rustin is going to pull up a
chair and Rustin. Rustin, pull up a chair, bro.
Pull up a chair. Rustin, get in here.
Rustin get in here, bro. Sonny was Opti.
What were you saying? I I got, I got sidetracked.
I'm I'm trying to find what Rustin just sent us.
All right, let me see. Rustin, what are you sending?
What are we looking for? Oh, oh, we got.
Breaks in the water. We got breaking.
We got breaking news from one of the latest interviews with Scott
Besson, the US Treasury Secretary.
Bitcoin is. Becoming a store value.
It's an hour long clip. Bitcoin is.
Becoming a store value. The Treasury Secretary on one of
the most watched shows on the face of the planet, Tucker, the
Tucker Carlson show just said, quote, Bitcoin is becoming a
store of value. So again, I'm trying to point
and our boy Ruston actually knows a lot of things about
Scott Besson. Ruston, let's, let's fill.
Let's fill in the audience, bro. Yesterday we dove into Besson
quite a bit. I've been sitting on this and,
you know, being kind of a regarded person like myself, I
need something, someone kind of intelligent to support my ideas.
And Marty Bent basically came out and said what I've been
telling Nico for the past couple of months here on Besant and all
the moves, the strategy, the absolute savagery of this man.
If you know his background and if you understand what Bitcoin
is and how it could work and how you could use it as a macro
weapon against your enemies, I don't know, man, this, this
stuff is. And I just saw another thing, if
we look at the movement of Bitcoin today against the S&P
dropping further a little bit of a decoupling, but obviously
there are massive Bitcoin buyers out there right now.
That's why we're at 83 and everything else is getting
absolutely destroyed. They are subtly telegraphing
some major moves here. I think, Nico, and I think
you've just been nailing, I've been listening the whole time.
You guys are killing it. And this besant news is big.
I can't wait to dive into that interview because I think it's
just crazy. We, we were talking about how
the the tariffs were going to be used not just as tariff, but
also as a weapon to force free trade.
And you see some countries already bending the knee there
and where Bitcoin fits in to this.
Everyone's looking for that neutral monetary system, and it
feels like they're pushing everyone in this direction. 100%
I mean, it's, it's, it's crazy. It's cryptic, though, Ruston.
It's cryptic because they're not explicitly saying these things.
But for anyone who's paying attention and you start
connecting the dots, it's very clear what their intent is.
What was one of the most savage things that Besson said?
You, you showed me the clip. The thing was like.
Just raise love where he said sounds like a mag Seven problem.
You know, but. There was something, there was
something else. I think it was Dante that played
the clip this morning. So would that be you elevate the
situation, escalate to deescalate?
Yeah, maybe. I can find that he was basically
warning the world like look like if, if don't mess with us, we're
going to raise these tariffs. The whole point of raising these
tariffs is so that there is a essentially it's, it's neutral
trading across the across the world.
If you don't mess with us, we won't mess with you.
That's the goal. So again, we're witnessing.
Have the muscle as one of the largest consumers there.
There's some of that too. So oh, you're going to going to
try to counter. Well, you're just hitting your
own wallets as well. So this is what people don't
understand like, like people have been tariffing US 304050
sixty 8090% and we haven't tariffed them.
And why has that been going on? Why have we been subsidizing
other nations basically all this time?
Doesn't that seem like a little sketchy maybe, You know, those
came post, post 19, post 1913. You have to end and then you
have to institute an income tax, right.
Well, you don't need that anymore with where they're going
and where they're pushing things.
And I think they're they're they.
Yeah, as you've said, the subtle hints, the the constant
mentioning of 1913 by the orange man whose hotels are encrusted
in gold, like he doesn't know hard assets or sound money.
I think it's all coming together.
It seems like it's all part of the plan in in some ways.
A A 100% like it. It sure does feel like that.
And now there is a a very famous clip.
Of yeah, let's play the the best.
One, yeah. There's.
Some time stamps. There we go.
And should we view these as permanent?
That, you know, again, I, I think we're going to wait and
see how this plays out. And if countries retaliate,
which some have said that they would, some have said they
wanted to wait and see, what is the White House's response going
to be to those countries? Well, the, the Caitlin one, one
of the messages that I'd like to get out tonight is everybody sit
back, take a deep breath. Don't immediately retaliate.
Let's see where this goes. Because if you retaliate, that's
how we get escalation. And then it becomes a
full-fledged trade war in your view?
Not a not a trade war depends on the country, but remember that
the that the history of trade is we are the deficit country.
The deficit country has an advantage.
They are the surplus countries. The surplus countries
traditionally always lose any kind of a trade escalation.
So I. So I mean, look it, it's, it's
clear as day. I also want to show you guys
this right again, we're connecting the dots for you
guys. Guys, please make your own
decision. Is there my personal opinions?
This are Ruston's personal opinions.
These are Opti's personal opinions.
We are speculating, but we are, we are simply Bitcoin,
tomorrow's Bitcoin news today. We, we've been more right, more
we've been more right than wrong.
One thing. Is like when you have that right
and then the, the the actions continue or these events take
place and then the probabilities just keep going up rather than
dwindling. So it's just that that type of
thing. 100% and then I want to show you guys this before we
move on to the culture segment. So of course we know that
President Trump and Bukele met. They're getting along really,
really well. And remember one of the things
that Bukele said, we don't have enough time to play you guys a
clip, but we will drop it in the live chat.
But one of the things that Bukele said in a.
A speech at C PAC. This is a quote from President
Buchele. You pay taxes only to uphold the
illusion that you are funding the government, which you are
not, right? Moving the Overton window.
We're shifting it. I think people are waking up to
this reality. And again, all roads lead to
Bitcoin. This is the president of the
first Bitcoin country. Look at how much the IMF fought
El Salvador. What are they scared of?
Why are they scared of Bitcoin? Why are they scared of this
small Central American nation that has AGDP of $32 billion?
Why are they so terrified that Bitcoin is legal tender?
And the reason is simple. Bitcoin proves that money can
exist with all with without inflation.
All you guys have to do is connect the dots.
The answers are right in front of you.
It's very simple. It's very simple.
Also, Nico, the IMF is here to enslave people, not to empower
people, and that's what Bitcoin does.
Like, you know, to to add to Russians point, it sure does
feel like that. Like why is the IMF telling a
sovereign country that democratically elected their
leader, their leader has the most, the highest popularity
popularity percentage in out of any president in in all of the
Americas? Why is the IMF dictating to a
sovereign country what they can and cannot do with their money?
So what, what what Ruston is saying might sound hyperbolic on
its on the surface, but take a look at the actions of the IMF.
What is that but not but not servitude?
What sharks? What is that but not servitude?
Right again. Anyways, guys, we're going to
get to the culture segment. We still have a hell of a show
for you guys. We're going to be right back.
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simply. And you got 5% off anything on
the Coinkite store. Anyhow, Opti, what are we going
to talk about during the culture today?
Yes, thank you. So last night we went to the
first Bitlock boom dinner and many of the conversations that
we were having was, or rather a lot of people asking me, and
we've been having this conversation all week on the
show, is this idea of the four year cycle?
Everyone's like, is the four year cycle over?
Are we seeing the commodity cycle?
And I know I was having a a super bearish conversation with
Stefan Lavera and he's like diminishing returns Bros.
And I don't know, as Russian just said a minute ago, you
know, since I have a 45 IQ, I make some, you know,
predictions. But when smarter people say the
same thing that I say, that's how I know I'm right.
I'm obviously confirming my own bias.
But here we have Arthur Hayes and he seems to be saying what
we we've been saying on the show that we might be entering a new
cycle and not the four year cycle.
So let's hear this and then we'll chat about it.
And it also seems like on this morning that Bitcoin is
decoupling from the S&P 500. It seems like we are finally
seeing the decoupling happen. Obviously we need a little more
data, but let's just play the clip and then rust in at myself
and Nico will talk. About it so I think that.
The Four. Year Bitcoin having a cycle and
sort of the minor profitability and how that swings over time
made a lot more sense in terms of a market cycle when Bitcoin
was a much smaller asset class. And I guess in crypto and
general, because with Bitcoin goes, everything else follows.
But now that Bitcoin and crypto are a bona fide asset class, you
know, they're talked about in every major financial network in
the world. Every central bank has an
opinion on it, whether it's good or it's bad.
You have the leader of the empire of the US talking about
Bitcoin and policies and, you know, everybody's responding
with that sort of stuff. So now I think Bitcoin has
transitioned from this sort of technological digital bear asset
into the best smoke alarm for Fiat liquidity that we have
globally. Previously that will sell by
gold. Gold and Bitcoin has some
different properties that make them react a little bit
differently to things. And now I think we have a 24/7
market. Anyone with an Internet
connection can access it. Absolutely incredible.
I think this is a spot on take. We've been kind of covering this
it from different angles and, and I think, I think Arthur is,
is 100% correct here And my boy CJI think we put it on our, our
YouTube already. Maybe I, I'm, you know, I'm
missing missing dates here, but he's saying something similar.
Now we're seeing a lot of people in, in, you know, in or around
Bitcoin asking a very similar question.
What is going on with Bitcoin? Why is it trading with
traditional markets? And then we see Sailor
essentially destroyed Dave Portnoy this morning or
actually, sorry, it was last night very, very clearly.
And some people were saying maybe he's using ChatGPT for
this, but who knows. Anyways, the the response is
great. So we have Dave partner and he
goes, I have a dumb Bitcoin question.
If the point of Bitcoin is to be independent of the US dollar and
non regulated, why does it basically trade exactly like the
US stock market nowadays? Mark it up, Bitcoin up, mark it
down, Bitcoin down. And then Sailor goes Bitcoin
trades like a risk asset short term because it's the most
liquid saleable 24/7 acid on earth.
In times of panic, traders sell what they can, not what they
want to. Doesn't mean it's correlated
long term, just means it's always available.
Now moving forward this morning we're also seeing something very
interesting. Bitcoin priced in NASDAQ
breaking back above 2021 highs. Wow.
You know, NASDAQ and S&P 500 are getting absolutely wrecked.
And Pete Rizzo dropped this this morning.
Bitcoin just broke its correlation with the S&P.
This is not priced in fire emoji.
And you can see some numbers here, you know, March 1220, 20,
when S&P dropped 9.51%, Bitcoin dropped 39%, and then they got
the Bitcoin versus S&P ratio. Now, you know, you can look at
these charts, you can pause it and going forward to yesterday,
or rather, yeah, yesterday and today.
So April 3rd, 2025, S&P 500 went down -4.8%.
Today or yesterday, sorry, Bitcoin went down 5.7%.
And today, which is the big, I think the big signal, the big
kahuna in the room here. And this might be the
fundamental shift we're seeing right now.
S&P 500 went down -3% and Bitcoin stayed pretty solid at a
positive .77%. Obviously, a lot of bitcoiners
want the price to RIP, but in the face of economic
uncertainty, Bitcoin is just holding it down right now.
And our. Yeah, which is absolutely crazy.
And and we've been saying this the whole show, we this is, you
know, we're just giving you some more data points on to this same
fundamental message. And Vijay, like always, I think
killed it in the face of yet another major global equity sell
off, Bitcoin is acting extremely resilient.
All those people complaining that Bitcoin was just moving
with tech stocks. Here is your answer, guys.
We were having this conversation last.
Well, rather, I was having this conversation with people last
night and we keep kind of pointing at different directions
or different data points. We obviously have no clue
exactly what's going on. But from what we can speculate,
from what we can see, from what we can work out from first
principles, it seems like we are getting another scenario, almost
like the birth of Bitcoin in 2008.
You know, 2020 was a brutal year, but now if we're seeing
one of the biggest sell off since 2020 and Bitcoin is
reacting in a totally different way.
Yeah, a totally different, different, you know, market
structure. I don't know guys, it does seem
like this, you know, four year cycle might be over.
Obviously we want to see the price pump because this is the
year of 2025, this is the year of the pump and we're still all
thinking, hey, I think, you know, 200K ish by the end of the
year could play out. But maybe, you know, we're going
to see not not a necessarily a diminishing returns, but a
longer extended cycle. And if that is true, then the
cycle theory will break in a different way and we'll see you
maybe a new all time high in 2026.
Who who knows what's really going on yet we'll obviously can
only see what's happening in hindsight, but in in the interim
man, it does seem like Bitcoin has decoupled at least today
it's it's acting very very strong right now, even though
the world is melting 84. 1000 Holding strong again The S&P.
The the S&P list hit it. Rustin hit it.
All right, all right, so this is absolutely crazy.
So 2020, you guys remember that that was around the time that I
like first like bought Bitcoin because like I was like, how is
it still alive and everyone was talking about it crashing, but I
was like I remembered it at like 300 bucks.
I was like this is nuts dude. I need to buy some of this shit.
But anyway, think about that. The market sentiment around the
world is like completely in the shitter and Bitcoin is still
slowly chugging along and even just to maintain where it is
right now is absolutely insane, which says of that 3.5 trillion
that left the S&P 500, it's likely that portions of that are
already entering or big buyers are already there.
Now we talked about this prolonged cycle.
That's going to depend on how how long J Pal is going to be
playing it, playing it tough over here.
Once he folds, it's over. So that's where you could get.
They're playing a game of chicken right now.
Yeah, 100%. They're playing a game of
chicken. But I mean, I mean Arthur.
So you played a clip of Arthur just recently, Opti, you know,
Arthur dropped a very, very good article called the BBC, you
know, a couple days ago. We read you guys, a lot of it
isn't family friendly, a lot of the, the, the rhetoric that he
used in that article. But essentially he was making
the case that, you know, Pow was beholden to Besset, you know,
eventually and Besset knows it. And essentially we've been
making the case. We picked this up actually a
couple of weeks ago. We've been making the case here
at simply for a while now that essentially Trump is doing this
on purpose. Because without essentially the
Fed going along with Trump, Trump can't fulfill his agenda.
He needs the money printer. But right now, essentially,
Powell has the cover of, oh, inflation to justify the rates
remaining high, right? So essentially, you know what
what we are. Speculating the last two
readings has come down. Exactly.
So like we've been making the cases like look like Trump is
essentially forcing the hand of the Fed.
But it's really interesting that the Fed came out with that
statement earlier on saying, listen, the tariffs are going to
cause inflation. Now is that just grandstanding
it? You know, is, is Powell trying
to essentially, you know, but make it seem that, you know, the
Fed remains independent, but in reality, the Fed is going to act
some, act something out differently.
That could be the case. I think that's what Arthur
believes. But we shall see.
I mean, but it's, it's crazy that there's so much politics
involved. Driving even more attention to
the fact that they are politicized and aren't
independent indirectly. It's a it's a politicized
institution. And again, they're they have
bankroll. And it's not federal and has no
reserves. There we go, there we go.
Let's continue moving this this Overton window.
But yes, the TLDR from today's show, all right, The TLDR from
today's show is yes, we got a pro Bitcoin president in the
White House. Now we need a bitcoiner in the
White House. And when that Bitcoiner in the
White House, the main goal of that bitcoiner should be to
Andrew Jackson, 2 point O and the Federal Reserve.
That's what we need to do. Yeah, I miss Nico Jones.
Whose bust? Hangs in the orange man's.
Office, this is true. If you know, you know what what?
Hold on, keep going because I do kind of want to pivot a little
bit. There we go.
Like, okay, so do you think he just has that painting there for
for, you know, for shits and giggles?
Like it's on purpose? Like guys, there's two he he
name dropped the year 1913 and what was it that he said he was
like for? Reasons unknown to mankind of.
Course, we all know. We all know what the hell What
happened in Jekyll Island? What happened?
Go read 13 What happened, everybody?
Go read The Creature from Jekyll Island and you'll know exactly
what happened in 1913 I. Have the two largest world wars
in the world. Why have they happened since the
establishment of the Federal Reserve?
Why, why, why is all, why are all these things happening
again? I think a lot of people have
known this for a while. I mean, some people, Ron Paul,
who is the author of The Creature from Jekyll Island, G
Edward Griffin, G Edward Griffin, and people like Rustin
and Goldbugs, Larry Leopard. Also, there's been a lot of
people that have known this for a while, right?
45 IQ. 18 year old OPDE, we now have the solution.
We now have the solution to replace this right there.
There was this very famous, very famous Thomas Sowell video where
they asked him like, so you know, when we get rid of the
Federal Reserve, like what do we replace it with?
And Thomas Sowell was like very wisely said, he's like, you
know, when you cut out a cancer, you don't replace it, right?
So again I'm moving the Overton window yes great we got a pro
Bitcoin president. He's done so good repeal of SAB
121 and of operation choke .2 point O free free Ross Albrecht
strategic Bitcoin reserve. But now we need a bitcoiner and
the White House with the goal of ending central banking.
We end central banking. We end, we, we free the human
race, simple as that. Anyways, we hit we hit 250
likes, guys, smash that like button.
We're getting close to the end of the show, guys.
We're going to be live streaming all of bit block Boom tomorrow.
We're going to be at the news desk, me and Opti from very,
very early in the morning, 9:00 AM central time.
We're going to be live streaming all the awesome panels.
How how many, what what people do we have on tomorrow?
We have Marty Bent. We have Larry Leopard.
We have Dante. We have Dante.
Parker Lewis Yeah, we got we, we got it's, it's going to be an
incredible, incredible conference.
You guys definitely don't want to miss it.
But in case you did, I guess you guys couldn't make it to Dallas
for this year's bit block boom. I do want to give a shout out to
the Bitcoin conference that's coming up in Las Vegas, NV at
the Venetian Hotel, May 27th through the 29th.
The entire Simply Bitcoin crew is going to be there.
In fact, we are going to have a booth on the floor and we're
going to be streaming. Hopefully, if we get the figure,
if we get the Internet figured out, it's going to be absolutely
awesome. Hope to see you guys in Vegas,
Las Vegas, NV at the biggest Bitcoin conference of the year.
I call it the Bitcoin Super Bowl May 27th through through the
29th of 2025 at the Venetian Hotel Las Vegas, NV.
Get your tickets quickly before the prices go up and they do go
up. So scan the QR code on your
screen or search Bitcoin 2025 on Google and make sure to use
promo code simply again, promo code simply to get 10% off your
tickets to the largest and biggest Bitcoin conference in
the world, Bitcoin 2025 live. Anyways, guys, I hope you guys
enjoyed today's show. I'm your host, Nico joining us
today in the Coho seat Optimus Fields and our special guest in
the house, the goat, the legend, the man, the myth, the legend,
Russian in the house. Smash that like Simply Bitcoin
Live, and we'll see you on Monday.
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