1 00:00:01,280 --> 00:00:08,680 Yo, did the US just dump 69,000 Bitcoin 11 days before Trump 2 00:00:08,680 --> 00:00:14,320 takes over office in the US, the DOJ has officially announced 3 00:00:14,560 --> 00:00:21,160 allowed the release of 69,000 Bitcoin, which equates to $6.5 4 00:00:21,320 --> 00:00:24,680 billion. Don't you think the timing of 5 00:00:24,680 --> 00:00:28,880 this is really coincidence? Really a really really big 6 00:00:28,880 --> 00:00:32,800 coincidence literally weeks before trump takes office. 7 00:00:32,880 --> 00:00:37,160 We all know how the incoming trump administration feels about 8 00:00:37,160 --> 00:00:42,520 Bitcoin Donald Trump's son Eric Trump historic speech Bitcoin 9 00:00:42,520 --> 00:00:48,080 Mina Trump appointing pro Bitcoin positions all over his 10 00:00:48,080 --> 00:00:50,560 cabinet. There's a lot of rumors and 11 00:00:50,560 --> 00:00:54,040 speculation that what we want to shed on light today. 12 00:00:54,240 --> 00:00:58,360 So let's get right into explaining what really happened 13 00:00:58,360 --> 00:01:00,160 on today's show. I'm going to bring up my 14 00:01:00,160 --> 00:01:05,080 legendary Co host, my optimist fields, who's in the Co host 15 00:01:05,080 --> 00:01:07,520 seat today anyways, just jump straight into it, man. 16 00:01:07,520 --> 00:01:11,400 This was on purpose Opti. Let's just let's just let's just 17 00:01:11,400 --> 00:01:14,840 take away all doubt. This was on purpose. 18 00:01:15,040 --> 00:01:19,160 This was to sabotage the incoming administration. 19 00:01:19,320 --> 00:01:22,440 We know their plans for a strategic Bitcoin reserve. 20 00:01:22,680 --> 00:01:27,160 We saw the pictures of Michael Saylor at Mar a Lago talking 21 00:01:27,160 --> 00:01:30,160 with Eric Trump. I'm sure that Michael Saylor met 22 00:01:30,160 --> 00:01:33,040 with the president. Of course, you have Sachs coming 23 00:01:33,040 --> 00:01:35,120 in. You have Howard Lupnik, who was 24 00:01:35,120 --> 00:01:39,640 just on Anthony Pompliano's podcast talking about buying 10s 25 00:01:39,640 --> 00:01:42,600 of millions of dollars worth of Bitcoin, buying hundreds of 26 00:01:42,600 --> 00:01:44,040 millions of dollars worth of Bitcoin. 27 00:01:44,120 --> 00:01:46,640 He just got appointed head of commerce. 28 00:01:46,640 --> 00:01:50,600 I mean like obviously and. Densler and Gensler. 29 00:01:50,600 --> 00:01:53,600 'S leaving and Gensler's leaving and then you guys remember the 30 00:01:53,600 --> 00:01:57,520 last three and remember the last four years like our industry was 31 00:01:57,520 --> 00:02:01,400 attack which essentially forced our industry to you know get 32 00:02:01,400 --> 00:02:03,480 into the political discussion right. 33 00:02:03,560 --> 00:02:09,759 So this is 100% no no doubt in my mind an attempt to sabotage 34 00:02:10,039 --> 00:02:13,680 this whole Bitcoin strategic Bitcoin reserve thing in the 35 00:02:13,680 --> 00:02:15,560 United States. Anyways, here's an article. 36 00:02:15,680 --> 00:02:21,480 The article is from Decrypt U.S. court green light sale of $6.5 37 00:02:21,480 --> 00:02:26,600 billion in seized Silk Road Bitcoin the US government has 38 00:02:26,600 --> 00:02:30,640 secured final approval in the Northern District of California 39 00:02:30,800 --> 00:02:35,080 to liquidate crypto's largest ever federal seizure, signaling 40 00:02:35,080 --> 00:02:39,920 the closure of a complex 4 year legal battle over billions in 41 00:02:39,920 --> 00:02:43,760 Bitcoin tied to the infamous Silk Road marketplace. 42 00:02:44,000 --> 00:02:47,560 Chief U.S. District Judge Richard Seberg 43 00:02:47,680 --> 00:02:53,960 denied a motion to block the forfeiture of 69,370 Bitcoin, 44 00:02:54,200 --> 00:02:58,760 clearing the Department of Justice to sell the $6.5 billion 45 00:02:58,760 --> 00:03:03,200 in assets, according to a court document filed December 30th. 46 00:03:03,520 --> 00:03:06,720 A couple thoughts here. Same as the thing with Germany. 47 00:03:06,880 --> 00:03:12,760 Germany sold 50,000 or roughly $50,000 fifty 50,000 Bitcoin 48 00:03:12,880 --> 00:03:15,400 when Bitcoin was at like 60 or 70K. 49 00:03:15,600 --> 00:03:19,040 They got absolutely wrecked. And the thing that like really 50 00:03:19,040 --> 00:03:22,880 interests me the most is they're selling something that has 51 00:03:22,880 --> 00:03:26,080 absolute scarcity. They just can't create more of 52 00:03:26,080 --> 00:03:29,000 it for something they can create out of thin air. 53 00:03:29,240 --> 00:03:34,520 That makes no sense whatsoever. But I don't think it's supposed 54 00:03:34,520 --> 00:03:38,840 to make sense. It they have to continue the 55 00:03:38,840 --> 00:03:42,080 system, they have to legitimize the system. 56 00:03:42,360 --> 00:03:45,880 And the best way to legitimize the system is say, you know 57 00:03:45,880 --> 00:03:48,080 what, this Bitcoin thing is worthless. 58 00:03:48,240 --> 00:03:51,800 We have to sell it for this Fiat because the Fiat is what 59 00:03:51,800 --> 00:03:54,280 actually matters, right? Or at least that's what they're 60 00:03:54,280 --> 00:03:57,240 trying to signal. I also think that it's quite a 61 00:03:57,240 --> 00:04:01,480 coincidence that again, you know, this is the year after the 62 00:04:01,480 --> 00:04:05,880 halving, which in a historical context tends to be the best 63 00:04:05,880 --> 00:04:08,400 year for Bitcoin. The year after the halving is 64 00:04:08,400 --> 00:04:12,840 the year of the parabolas. And just like the bull market of 65 00:04:12,840 --> 00:04:17,800 2021 when the Chinese Communist Party banned Bitcoin mining, I 66 00:04:17,800 --> 00:04:19,920 believe it cut the last bull market short. 67 00:04:20,120 --> 00:04:24,080 Isn't it a coincidence that again, the Biden administration, 68 00:04:24,160 --> 00:04:28,680 you know, are like 11 days until they're out of office, out of 69 00:04:28,680 --> 00:04:33,280 power, is trying to sabotage 1 of Trump's, you know, key 70 00:04:33,400 --> 00:04:37,360 running points Like it's, it's just, it's, it's ludicrous. 71 00:04:37,360 --> 00:04:40,880 It's absolutely hilarious. And look, whoever thought 72 00:04:40,880 --> 00:04:44,360 because we got a lot of crap for it, it's simply Bitcoin when we 73 00:04:44,360 --> 00:04:47,400 decided to essentially say, you know what, it's probably a good 74 00:04:47,400 --> 00:04:51,720 idea idea that Trump wins because his party's taking a pro 75 00:04:51,720 --> 00:04:54,600 Bitcoin stance. His administration is taking a 76 00:04:54,600 --> 00:04:59,000 pro Bitcoin stance as well. I, I, we didn't get into the 77 00:04:59,000 --> 00:05:01,560 other political issues because that's not this type, That's not 78 00:05:01,560 --> 00:05:05,560 that type of show. But I mean, like, like, it would 79 00:05:05,560 --> 00:05:08,080 have been terrible. I think if, if this current 80 00:05:08,080 --> 00:05:11,120 administration got more, it got more years in office, I think, I 81 00:05:11,120 --> 00:05:13,800 think our industry would have been in real, real trouble. 82 00:05:13,920 --> 00:05:17,160 And I think this is a great, it is great evidence of that, 83 00:05:17,160 --> 00:05:20,000 right? It goes on to say Judge C Borg 84 00:05:20,000 --> 00:05:23,960 is known for high profile cases. He recently rejected arguments 85 00:05:23,960 --> 00:05:27,480 that Google under Alphabet adequately disclosed how attract 86 00:05:27,480 --> 00:05:29,960 user activity. The tech giant now faces a 87 00:05:29,960 --> 00:05:33,280 possible trial in August. It's unclear while the document 88 00:05:33,280 --> 00:05:36,360 relating to the seas Bitcoin has surfaced this week. 89 00:05:36,560 --> 00:05:38,840 I mean, total coincidence. Again, all of this is 90 00:05:38,840 --> 00:05:42,840 coincidences, You know, none of this is, is, is is. 91 00:05:43,360 --> 00:05:45,800 None of this is by chance. You know, none of this is on 92 00:05:45,800 --> 00:05:48,240 purpose. It's just, it's all coincidence. 93 00:05:48,240 --> 00:05:52,400 You know, like the 30% Bitcoin mining tax, you know, operation 94 00:05:52,400 --> 00:05:56,480 choke point 2.0, you know the the articles that were released 95 00:05:57,000 --> 00:06:00,480 by the legacy media basically saying that Bitcoin was used for 96 00:06:00,480 --> 00:06:02,920 money laundering, even though we know that the vast majority of 97 00:06:02,920 --> 00:06:05,400 illicit finance is done within the traditional financial 98 00:06:05,400 --> 00:06:07,000 system. All of that is a coincidence. 99 00:06:07,000 --> 00:06:09,440 Of course, you know it's all coincidence. 100 00:06:09,640 --> 00:06:11,840 It goes on to say the development confirms prior 101 00:06:11,840 --> 00:06:14,840 reporting in October last year when it appeared the US 102 00:06:14,840 --> 00:06:18,520 government was free to sell the seas Bitcoin from a Silk Road 103 00:06:18,520 --> 00:06:21,600 affiliated wallet. Now, again, I don't know if you 104 00:06:21,600 --> 00:06:24,720 guys remember, but one of the key talking points that Trump 105 00:06:24,720 --> 00:06:29,360 said in his historic keynote at the Nashville Bitcoin conference 106 00:06:29,600 --> 00:06:32,920 is that he promised that if he were to get elected, he was 107 00:06:32,920 --> 00:06:36,440 still running for office at the point at that at that point, he 108 00:06:36,440 --> 00:06:41,680 wouldn't sell any Bitcoin that the US government had, right? 109 00:06:41,800 --> 00:06:46,200 So again, 11 days before he's being sworn in, sworn in, the 110 00:06:46,200 --> 00:06:50,600 DOJ just happens to drop this massive bombshell. 111 00:06:50,760 --> 00:06:57,480 Like, come on now, come on. Anyways, here is Joe Burnett, 112 00:06:57,480 --> 00:06:59,760 great content creator. I believe he's with the company 113 00:06:59,760 --> 00:07:02,160 Unchained. And here's British auto. 114 00:07:02,280 --> 00:07:05,160 I recently just recorded a, a a podcast with British auto by the 115 00:07:05,160 --> 00:07:07,400 way, that should be dropping in about a week or so. 116 00:07:07,800 --> 00:07:11,040 British Auto says we have people selling Bitcoin and we're on the 117 00:07:11,040 --> 00:07:15,440 verge of 20 strategic Bitcoin reserves after USA hits the go 118 00:07:15,440 --> 00:07:17,560 button. It's truly remarkable how frail 119 00:07:17,560 --> 00:07:22,200 people's can't say that we are quite possibly one domino away 120 00:07:22,320 --> 00:07:25,080 from hyper bitcoinization. The reason that I wanted to 121 00:07:25,080 --> 00:07:29,120 bring that up again, I think they're trying to stop the 122 00:07:29,160 --> 00:07:31,080 momentum. There's really no other 123 00:07:31,080 --> 00:07:35,760 explanation for that, right? We know how we know how Gary 124 00:07:35,760 --> 00:07:41,360 Gensler feels about Bitcoin. We know how the current DOJ and 125 00:07:41,360 --> 00:07:43,880 the Treasury Department feel about the industry. 126 00:07:43,920 --> 00:07:49,080 We know how much pressure they put on banks to essentially 127 00:07:49,240 --> 00:07:51,840 isolate them from the traditional financial system. 128 00:07:52,040 --> 00:07:55,800 There's leaked documents that have come out that have 129 00:07:55,800 --> 00:07:59,240 literally shown that there is pressure from the government 130 00:07:59,400 --> 00:08:04,600 being put on banks to essentially not allow not bank 131 00:08:04,760 --> 00:08:08,640 the the crypto and Bitcoin industry, which of course forced 132 00:08:08,640 --> 00:08:12,280 our industry to become part of the donor class in Washington. 133 00:08:12,280 --> 00:08:16,960 DCI don't think we would have done so if we weren't forced to 134 00:08:16,960 --> 00:08:19,720 do so. So, you know, it's funny how all 135 00:08:19,720 --> 00:08:24,760 this works, you know, vengeful until the very moment they leave 136 00:08:24,760 --> 00:08:27,760 office, which is just, you know, it's fitting. 137 00:08:28,080 --> 00:08:32,840 I'm glad we're turning the page. I really hope that over the next 138 00:08:33,400 --> 00:08:38,679 two to four years, Bitcoin adoption in the United States 139 00:08:38,919 --> 00:08:45,000 accelerates to a point where it becomes a non partisan issue. 140 00:08:45,560 --> 00:08:49,560 Because the last thing that I want to happen is whether 141 00:08:49,840 --> 00:08:52,120 there's a certain political party in office. 142 00:08:52,200 --> 00:08:54,880 It's good for Bitcoin, and if there's another political party 143 00:08:54,880 --> 00:08:58,280 in office, it's bad for Bitcoin. And then it just becomes this 144 00:08:58,280 --> 00:09:00,200 pendulum. I think that would be terrible 145 00:09:00,200 --> 00:09:02,840 for the industry. I think Bitcoin is for everyone. 146 00:09:03,320 --> 00:09:06,160 It doesn't matter what your ideological beliefs are, you 147 00:09:06,160 --> 00:09:08,120 know, if you're on the right, you know, protects your 148 00:09:08,120 --> 00:09:10,440 sovereignty. It protects, you know, your 149 00:09:10,440 --> 00:09:14,080 ability to, you know, move freely with your wealth if 150 00:09:14,080 --> 00:09:16,360 you're on the left. It's the most inclusive, 151 00:09:16,360 --> 00:09:18,240 equitable money the world has ever seen. 152 00:09:18,400 --> 00:09:21,080 It protects the lower middle classes from the ravages of 153 00:09:21,080 --> 00:09:25,040 inflation. Like, I mean like it it it this 154 00:09:25,040 --> 00:09:30,280 is not a partisan issue. So I hope that over the next two 155 00:09:30,280 --> 00:09:34,560 to four years, people like Elizabeth Warren can't run on 156 00:09:34,560 --> 00:09:39,440 the platform of I'm building an anti crypto army because the 157 00:09:39,440 --> 00:09:41,960 fact is, is that Bitcoin is for everyone. 158 00:09:42,200 --> 00:09:48,400 I think the people that stand the most to lose from Bitcoin 159 00:09:48,720 --> 00:09:54,040 are politicians that have taken advantage of the money printer. 160 00:09:54,040 --> 00:09:56,040 I think it I think it boils down to that. 161 00:09:56,280 --> 00:10:00,320 So I think, you know, this is this is a very slimy move. 162 00:10:00,600 --> 00:10:03,440 I think that this could have definitely played into the 163 00:10:03,440 --> 00:10:07,000 recent price volatility that we had in Bitcoin, especially to 164 00:10:07,000 --> 00:10:10,240 the downside. We fell from like 100,100 and 165 00:10:10,440 --> 00:10:16,240 2000 to 92,000 or 91,000. So yeah, I mean, this is this is 166 00:10:16,240 --> 00:10:18,720 kind of snaky. This is kind of slimy Opti, I'm 167 00:10:18,720 --> 00:10:21,400 not going to lie. Like right, right until the way 168 00:10:21,400 --> 00:10:22,520 out. They're just like, you know 169 00:10:22,520 --> 00:10:26,200 what, they just flipped everyone off and they're like, you know, 170 00:10:26,200 --> 00:10:28,600 we're we're we're not going to just give over the keys. 171 00:10:28,720 --> 00:10:30,280 You know, we're going to fight all the way. 172 00:10:30,280 --> 00:10:32,040 We're going to fight all the way to the very end. 173 00:10:32,320 --> 00:10:35,640 And some there's some rumors also that they they've 174 00:10:35,640 --> 00:10:37,880 apparently already sold that Bitcoin. 175 00:10:38,320 --> 00:10:41,840 So I don't know if that's true, but I mean, that could explain 176 00:10:41,840 --> 00:10:43,760 why we still haven't started pumping yet. 177 00:10:43,760 --> 00:10:47,240 Optia, what's your take? Yeah, Well, you know, jumping 178 00:10:47,240 --> 00:10:50,080 off that last point, I did just see Arkham Intelligence 179 00:10:50,080 --> 00:10:53,160 essentially drop a meme that says like they're saying the US 180 00:10:53,160 --> 00:10:54,680 government has sold that Bitcoin. 181 00:10:54,680 --> 00:10:57,880 It's but if you look on chain, it's allegedly still there 182 00:10:58,080 --> 00:11:00,880 though there are a lot of rumors going on right now that 183 00:11:00,880 --> 00:11:04,320 essentially that Bitcoin has already been sold, which I think 184 00:11:04,320 --> 00:11:07,840 would kind of explain the the reason why the price is coming 185 00:11:07,840 --> 00:11:11,880 back down to 93 K right now. And so you know these are all 186 00:11:11,880 --> 00:11:13,520 rumors and speculations right now. 187 00:11:13,520 --> 00:11:15,520 Obviously, I think everyone's watching this. 188 00:11:15,680 --> 00:11:18,960 This is a huge news story as far as I'm concerned, though, I 189 00:11:18,960 --> 00:11:24,120 think the really big tell here is that this announcement came 190 00:11:24,120 --> 00:11:27,040 out December 30th. Maybe it's because it was the 191 00:11:27,040 --> 00:11:29,840 New Year's and it kind of got swept under the rug, you know, 192 00:11:29,840 --> 00:11:31,520 giving them kind of the benefit of the doubt. 193 00:11:31,800 --> 00:11:34,320 The interesting part is why is it coming out now? 194 00:11:34,320 --> 00:11:38,280 Obviously, 11 days before Trump gets into office, we're hearing 195 00:11:38,280 --> 00:11:41,960 this news come out and it really does feel like the final, you 196 00:11:41,960 --> 00:11:44,560 know, F you from the Biden administration to the American 197 00:11:44,560 --> 00:11:49,720 people, when in reality it's like it, it is the best course 198 00:11:49,720 --> 00:11:52,520 of action here to be stacking Bitcoin for. 199 00:11:52,760 --> 00:11:56,680 I would argue America in general, though, kind of a 200 00:11:56,680 --> 00:11:59,440 pulling back. I, I was talking with Shao Nico, 201 00:11:59,440 --> 00:12:02,120 you know, our boy out there. So shouts out the Sao. 202 00:12:02,120 --> 00:12:04,360 I know he listens on the podcast every day. 203 00:12:04,640 --> 00:12:07,120 And I, I have been kind of becoming a little more 204 00:12:07,120 --> 00:12:11,280 conflicted on this Bitcoin SPR news, considering how they got 205 00:12:11,280 --> 00:12:13,400 that Bitcoin. You know, most of that Bitcoin 206 00:12:13,400 --> 00:12:17,640 is from the Silk Road confiscation here. 207 00:12:17,640 --> 00:12:20,400 So, you know, first they steal it and then they sell it. 208 00:12:20,400 --> 00:12:23,360 Like what's new? Same story as we've been hearing 209 00:12:23,360 --> 00:12:27,880 before and then kind of going further, like as much as I do 210 00:12:27,880 --> 00:12:32,400 want an SPR, the the technicalities of rolling over 211 00:12:32,400 --> 00:12:35,440 the Silk Road Bitcoin into the strategic Bitcoin reserve and 212 00:12:35,520 --> 00:12:37,280 the US government kind of profiting off of it. 213 00:12:37,520 --> 00:12:39,600 It does make me feel a little icky here. 214 00:12:39,840 --> 00:12:42,400 But you know, if the US government does sell that 215 00:12:42,400 --> 00:12:44,920 Bitcoin, this might be the best news for 2025. 216 00:12:44,920 --> 00:12:48,240 It's like, hey, they sell that 200,000 Bitcoin, they get a 217 00:12:48,240 --> 00:12:50,960 discount for the price and then they have to buy Bitcoin back. 218 00:12:50,960 --> 00:12:53,080 You know, if Trump comes in, they have to buy all that 219 00:12:53,080 --> 00:12:57,320 Bitcoin back essentially on spot markets, which means that's a 220 00:12:57,320 --> 00:13:00,080 lot of buying pressure. That sounds like numbers going 221 00:13:00,080 --> 00:13:02,240 to go up. So I don't know. 222 00:13:02,240 --> 00:13:06,400 It is very interesting to watch. And I think, you know, obviously 223 00:13:06,400 --> 00:13:07,840 we don't want to get into speculations. 224 00:13:07,840 --> 00:13:11,480 We don't want to turn into simply TMZ here, but the rumors 225 00:13:11,480 --> 00:13:14,880 about them actually selling all that Bitcoin is very 226 00:13:14,880 --> 00:13:17,560 interesting. As far as I'm I'm thinking it's 227 00:13:17,560 --> 00:13:19,280 like that is an interesting story. 228 00:13:19,280 --> 00:13:23,120 Of course, it's all speculation here, but it would kind of line 229 00:13:23,120 --> 00:13:25,200 up with a lot of things we've seen come out of the Biden 230 00:13:25,200 --> 00:13:27,800 administration. We've known and a lot of the 231 00:13:27,800 --> 00:13:31,400 people, the talking heads on the left have acknowledged the fact 232 00:13:31,400 --> 00:13:34,160 that fighting the Bitcoin or quote UN quote crypto industry 233 00:13:34,160 --> 00:13:37,800 was a really bad move. And they had to kind of keep the 234 00:13:37,800 --> 00:13:40,560 public optics out there that oh, wait, we're not actually 235 00:13:40,560 --> 00:13:43,080 fighting you. And so I think it would be a 236 00:13:43,080 --> 00:13:46,520 huge news story if we come to find out that actually they've 237 00:13:46,520 --> 00:13:50,840 sold all of that Bitcoin and all of that pandering we saw from 238 00:13:50,840 --> 00:13:53,320 Kamala about, hey, we're pro Bitcoin here. 239 00:13:53,520 --> 00:13:55,720 You know, we're not trying to fight the industry anymore. 240 00:13:55,920 --> 00:13:59,800 Like would we be surprised? No, but I think that would be a 241 00:13:59,800 --> 00:14:03,080 huge revelation for a lot of people where publicly they're 242 00:14:03,080 --> 00:14:05,520 saying, oh, we're going to embrace the Bitcoin industry and 243 00:14:05,520 --> 00:14:09,000 then privately they're selling all of this Bitcoin on the back 244 00:14:09,000 --> 00:14:11,320 end. So I think that would also be an 245 00:14:11,320 --> 00:14:15,320 incredibly huge news story. But the fact that the DOJ is 246 00:14:15,400 --> 00:14:19,400 approving the sell of this Bitcoin, on the one hand, it's, 247 00:14:19,400 --> 00:14:23,960 it's, it sounds like a, you know, old story here, you know, 248 00:14:23,960 --> 00:14:28,040 new, new boss, same story. But I don't know, I'm kind of 249 00:14:28,040 --> 00:14:31,080 feeling OK with the US government having to buy Bitcoin 250 00:14:31,080 --> 00:14:34,760 on the spot market. They have to get Bitcoin like 251 00:14:34,760 --> 00:14:36,280 everyone else. You have to buy it. 252 00:14:36,280 --> 00:14:40,160 So hey, I don't know, I'm a little conflicted here cuz like, 253 00:14:40,160 --> 00:14:43,000 I don't want them to, to transfer all that stolen Silk 254 00:14:43,000 --> 00:14:46,840 Road Bitcoin into a way to pay off their national debt. 255 00:14:47,200 --> 00:14:50,680 But I'm also like, you know, I guess cheap shats for us, we get 256 00:14:50,680 --> 00:14:52,800 it on discount. Is this just a classic fun 257 00:14:52,800 --> 00:14:55,080 playbook where, you know, they're trying to keep the price 258 00:14:55,080 --> 00:14:58,440 under 100K, sell all of that Bitcoin, you know, give a big 259 00:14:58,440 --> 00:15:00,760 middle finger to the Trump administration if they do pull 260 00:15:00,760 --> 00:15:03,760 the trigger on the SBR. So man, it's it's very 261 00:15:03,760 --> 00:15:08,480 interesting. 2025 looking like a crazy year already. 100% And 262 00:15:08,480 --> 00:15:11,080 another thing too, like you have to understand the symbolism 263 00:15:11,080 --> 00:15:13,760 here, right? The symbolism is basically 264 00:15:13,760 --> 00:15:17,240 saying, you know, Trump got a mandate from the American 265 00:15:17,240 --> 00:15:20,360 people. If anyone's not worst like well 266 00:15:20,360 --> 00:15:23,120 versed in American politics, the Republican Party usually never 267 00:15:23,120 --> 00:15:26,600 wins the popular vote. Trump won the popular vote. 268 00:15:26,840 --> 00:15:28,920 He won the House and he won the Senate. 269 00:15:29,320 --> 00:15:33,680 And essentially, even though that was a clear message from 270 00:15:33,680 --> 00:15:38,720 the American people that refuted Biden's policies up until the 271 00:15:38,720 --> 00:15:43,200 very last moment, he's basically saying, I don't care what you 272 00:15:43,200 --> 00:15:46,560 guys think, I'm going to do this anyways. 273 00:15:46,840 --> 00:15:51,960 And I'll tell you what the probability of this SBR 274 00:15:51,960 --> 00:15:57,720 executive order going through just went up by 5 because if you 275 00:15:57,720 --> 00:16:01,760 think this is going to stop Trump, you know, from getting an 276 00:16:01,760 --> 00:16:05,720 SPR in just because they're they're dumping Bitcoin right 277 00:16:05,720 --> 00:16:10,920 before he goes into office. I mean, this isn't bolding in 278 00:16:10,920 --> 00:16:15,560 bolding him more than anything. He just went on TV yesterday and 279 00:16:15,560 --> 00:16:18,440 said he's going to rename the Gulf of Mexico to Gulf of 280 00:16:18,440 --> 00:16:20,960 America. He just said he was going to buy 281 00:16:20,960 --> 00:16:24,560 Greenland and he's calling Canada the 51st state. 282 00:16:24,560 --> 00:16:28,040 Do you think this is going to stop, you know, the plans that 283 00:16:28,040 --> 00:16:31,440 he had, it's going to embolden him more than anything. 284 00:16:31,640 --> 00:16:34,120 And another thing also, if you guys are not well versed in 285 00:16:34,120 --> 00:16:36,800 American politics, this is his second term. 286 00:16:36,960 --> 00:16:39,480 He doesn't need to run in for office again. 287 00:16:39,720 --> 00:16:45,320 And what tends to happen, and what tends to happen with 288 00:16:45,320 --> 00:16:47,960 America, with American presidents on their second term, 289 00:16:48,040 --> 00:16:50,680 is that they they they go a little bit, they go a little bit 290 00:16:50,680 --> 00:16:54,000 harder in the pain because they realize, like, this is my last. 291 00:16:54,200 --> 00:16:57,000 Like this is my last. I can't run for president 292 00:16:57,000 --> 00:17:00,040 anymore, right? So, yeah, I mean, I think this 293 00:17:00,040 --> 00:17:03,520 is going to backfire. We're going to confirm if this 294 00:17:03,520 --> 00:17:07,040 is real news. I think this so-called, you 295 00:17:07,040 --> 00:17:10,800 know, release of this news was symbolic. 296 00:17:10,800 --> 00:17:14,319 I think it was on purpose and I think it was an attempt to 297 00:17:14,319 --> 00:17:19,680 sabotage this momentum that the Bitcoin movement is picking up, 298 00:17:19,839 --> 00:17:22,920 specifically with the donor class, specifically in 299 00:17:22,920 --> 00:17:26,520 Washington, DC. It's entrenching itself within 300 00:17:26,520 --> 00:17:29,960 the traditional financial system, whether that's Michael 301 00:17:29,960 --> 00:17:34,400 Saylor, Larry Fink, of course, the official Republican Party 302 00:17:34,400 --> 00:17:37,320 platform. Yeah, I mean, it's crazy. 303 00:17:37,440 --> 00:17:41,120 And this also tells me two guys that we're winning because they 304 00:17:41,120 --> 00:17:45,240 wouldn't want, they wouldn't have to do this unless they 305 00:17:45,240 --> 00:17:48,120 feared it, right. But what is it that they fear? 306 00:17:48,280 --> 00:17:50,320 I think I know what it is they fear. 307 00:17:50,560 --> 00:17:55,440 I think it is that. Look, if Bitcoin proves to be a 308 00:17:55,480 --> 00:18:00,880 superior store of value, if Bitcoin proves to be a solution 309 00:18:01,160 --> 00:18:06,000 to a lot of the governments, you know, financial problems, I 310 00:18:06,000 --> 00:18:08,880 mean, I think that puts a lot of people out of a job. 311 00:18:08,920 --> 00:18:13,240 I think that that that that gets a lot of people asking questions 312 00:18:13,440 --> 00:18:16,400 about the Fiat money printer. I think that gets a lot of 313 00:18:16,400 --> 00:18:20,400 people asking questions about the current system, which a lot 314 00:18:20,400 --> 00:18:23,960 of these politicians in Washington, DC benefit from. 315 00:18:24,200 --> 00:18:26,240 So I think that's really what it's about. 316 00:18:26,240 --> 00:18:29,760 But I think that this is just another example of US winning 317 00:18:30,440 --> 00:18:33,440 because they wouldn't do this if we weren't winning. 318 00:18:33,680 --> 00:18:37,760 So anyways, we'll see what happens we'll stay on top of it. 319 00:18:37,880 --> 00:18:39,320 We'll have an update for you guys. 320 00:18:39,640 --> 00:18:43,240 He's gonna buy if even if they sell this 69th out, which I 321 00:18:43,240 --> 00:18:46,720 think the number is hilarious. If even if they sell this 69, 322 00:18:47,000 --> 00:18:50,840 even if they sell this $69,000 Bitcoin, I think Trump's just 323 00:18:50,840 --> 00:18:52,640 going to buy it, buy it back up my. 324 00:18:52,640 --> 00:18:54,920 Opinion yeah, yeah, Nico on on that last point. 325 00:18:54,920 --> 00:18:59,040 I I think that's a that's a huge point to kind of stress here is, 326 00:18:59,320 --> 00:19:02,400 you know, the fact that they are so concerned with Bitcoin right 327 00:19:02,400 --> 00:19:06,440 now just goes to show that they understand the stakes at hand. 328 00:19:06,440 --> 00:19:09,120 And we've been saying that for a long time that like the people 329 00:19:09,120 --> 00:19:12,760 in power aren't naive or stupid. They understand what is going 330 00:19:12,760 --> 00:19:15,360 on. And they as as we've shown last 331 00:19:15,360 --> 00:19:17,600 year with Operation Choke .2 point O and all the stuff that 332 00:19:17,600 --> 00:19:21,000 came out, they have actively tried to stop the adoption of 333 00:19:21,000 --> 00:19:23,040 Bitcoin. And I think this might be, you 334 00:19:23,040 --> 00:19:27,520 know, one last attempt to kind of add more FUD into the the 335 00:19:27,520 --> 00:19:30,720 Bitcoin space and, and scare away normies from buying 336 00:19:30,720 --> 00:19:32,560 Bitcoin. So obviously it's going to 337 00:19:32,560 --> 00:19:34,600 backfire. But I think it's very important 338 00:19:34,600 --> 00:19:38,600 to remember, like Bitcoin is an important movement right now and 339 00:19:38,600 --> 00:19:42,160 more people holding Bitcoin really kind of, you know, 340 00:19:42,440 --> 00:19:45,000 dismantles all the power going on right now. 341 00:19:45,000 --> 00:19:47,560 And things are changing. You know, the times are changing 342 00:19:47,560 --> 00:19:50,080 right now and you guys are on the front lines, every single 343 00:19:50,080 --> 00:19:52,520 one of you guys that are holding Bitcoin hanging out in the chat 344 00:19:52,880 --> 00:19:56,200 and just us talking about this. It's not just about Nico and I 345 00:19:56,200 --> 00:19:58,800 talking about this, it's about everyone in the chat having 346 00:19:58,800 --> 00:20:00,240 these conversations with your friends and. 347 00:20:00,400 --> 00:20:03,920 Family and who knows how big this movement can get if we are 348 00:20:03,920 --> 00:20:05,680 all communicating this final message. 349 00:20:05,680 --> 00:20:09,040 It's like look, they're actively working against you and here's 350 00:20:09,040 --> 00:20:13,240 all the data for it hit people in their fields and I I think I 351 00:20:13,240 --> 00:20:16,200 think we really are winning really hard, you know, being 352 00:20:16,200 --> 00:20:17,320 unburdened. What was it? 353 00:20:17,320 --> 00:20:19,560 Unburdened by what has been or whatever. 354 00:20:20,560 --> 00:20:23,520 Whatever it was, anyways. Anyways, let's go, let's go. 355 00:20:24,200 --> 00:20:25,960 Yeah, absolutely. Guys, if you guys are enjoying 356 00:20:25,960 --> 00:20:28,920 the show so far, make sure to smash that like button. 357 00:20:28,920 --> 00:20:33,720 Help us break 150 to 200 likes within the 1st 30 minutes of the 358 00:20:33,720 --> 00:20:35,960 show. We're about to break 100 likes 359 00:20:35,960 --> 00:20:39,040 on YouTube alone. There's almost 1500 of you guys 360 00:20:39,040 --> 00:20:42,360 watching live between YouTube Rumble and X. 361 00:20:42,360 --> 00:20:45,960 If you guys are enjoying the show so far, make sure to smash 362 00:20:46,120 --> 00:20:49,320 that like button. 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All right everybody, guys, you 421 00:24:31,880 --> 00:24:35,400 want to properly take care of your generational wealth. 422 00:24:35,400 --> 00:24:37,680 Don't write down your seed words on paper. 423 00:24:37,920 --> 00:24:42,120 Literally stamp them onto titanium using the Stamp seed 424 00:24:42,120 --> 00:24:44,240 kit. Head over to stampse-ed.com 425 00:24:44,240 --> 00:24:47,520 today. Use promo code simply to get 15% 426 00:24:47,520 --> 00:24:50,600 off anything on the Stamp se-ed.com store. 427 00:24:50,880 --> 00:24:56,160 At the time of recording, the Bitcoin price is 92,370 block 428 00:24:56,160 --> 00:25:04,520 height 870 878,509 sats per dollar 1083 market cap 1.83 429 00:25:04,520 --> 00:25:09,280 trillion Bitcoin versus Gold Market cap 9.84% Percentage 430 00:25:09,280 --> 00:25:16,000 issued 94.32% Decline from all time high -14.7% realized 431 00:25:16,000 --> 00:25:21,080 monetary inflation 1.09%. The grand scheme of things, we 432 00:25:21,080 --> 00:25:25,600 are just getting started now. Some very, some very interesting 433 00:25:25,600 --> 00:25:29,320 things. Also shout out to Danny for 434 00:25:29,440 --> 00:25:33,600 taking over the What Bitcoin Did podcast from Peter McCormack. 435 00:25:33,600 --> 00:25:36,880 Shout out to Peter McCormack. I believe he he's he's 436 00:25:36,880 --> 00:25:39,080 continuing his podcast. He changed it to the Peter 437 00:25:39,080 --> 00:25:41,440 McCormack show. The best of luck to him. 438 00:25:41,440 --> 00:25:45,440 Great content creator. But congratulations to Danny for 439 00:25:45,440 --> 00:25:49,280 taking over the What Bitcoin Did podcast, a very popular podcast 440 00:25:49,280 --> 00:25:52,320 in Bitcoin. Seems like he had Odell on 441 00:25:52,360 --> 00:25:55,680 recently. And Odell was talking about 442 00:25:55,880 --> 00:26:01,040 essentially how if Bitcoin were to perform similarly to the 2016 443 00:26:01,040 --> 00:26:05,960 cycle, the the price would trade near $2,000,000 per coin. 444 00:26:05,960 --> 00:26:08,760 Now a couple things here before I play you guys. 445 00:26:08,760 --> 00:26:12,320 The clip, it's about a 2 1/2 minute clip, but one of the 446 00:26:12,320 --> 00:26:14,160 things that I've been saying. For a while. 447 00:26:14,160 --> 00:26:19,720 Now is we as a community have forgotten what a blow off type 448 00:26:20,320 --> 00:26:25,040 blow off top cycle feels like. The last time we've had one was 449 00:26:25,080 --> 00:26:31,480 in 20/17/2017. That's a long effing time from 450 00:26:31,480 --> 00:26:33,280 now. That's that was a long time ago. 451 00:26:33,320 --> 00:26:36,000 That was eight years ago. Oh my God I've been doing this 452 00:26:36,000 --> 00:26:38,720 for almost a decade. We don't even know what a blow 453 00:26:38,720 --> 00:26:43,800 off top feels like. 2021 was like it was a let down it we 454 00:26:43,800 --> 00:26:45,720 didn't. OK so the reason I'm saying this 455 00:26:45,720 --> 00:26:49,520 is we all have PTSD. We don't know what that feels 456 00:26:49,520 --> 00:26:51,760 like. The reason that I'm saying all 457 00:26:51,760 --> 00:26:53,960 of this is because we don't, because we don't know what that 458 00:26:53,960 --> 00:26:56,360 feels like. No one's expecting it. 459 00:26:56,760 --> 00:27:00,480 So what I'm seeing, the general consensus for this cycle, like 460 00:27:00,480 --> 00:27:03,600 the general consensus for last cycle was 100K guaranteed. 461 00:27:03,600 --> 00:27:06,200 That was guaranteed last cycle never happened. 462 00:27:06,840 --> 00:27:11,640 The general consensus this cycle is 120 KA, 150K200K. 463 00:27:11,800 --> 00:27:13,880 That's it. Wrap it up law of big numbers. 464 00:27:13,920 --> 00:27:18,560 It's over. But what I'm seeing is you know 465 00:27:18,560 --> 00:27:21,440 what the return of Bitcoin was in 2016? 466 00:27:21,440 --> 00:27:26,040 It was like 130%. You know what the return of 467 00:27:26,040 --> 00:27:34,400 Bitcoin was in twenty 24130%. You get where I'm going with 468 00:27:34,400 --> 00:27:37,560 this. So you know what the return was 469 00:27:37,560 --> 00:27:42,600 in 2017 it like 20X like 2000%. So I'm not saying it's going to 470 00:27:42,600 --> 00:27:46,920 do the same. I'm not saying that, but but if 471 00:27:46,920 --> 00:27:52,040 it did 20X times, 100,000 is $2,000,000. 472 00:27:52,440 --> 00:27:53,560 I'm not saying that's going to happen. 473 00:27:53,720 --> 00:27:56,160 I'd be happy with the 5X. That would be incredible. 474 00:27:56,400 --> 00:28:00,680 But anyways, I'll play you guys a clip from Odell and then me 475 00:28:00,680 --> 00:28:02,120 and Opti will talk about it. Let's check it out. 476 00:28:03,360 --> 00:28:06,600 If if you're going to say super cycle, right, we have 3 cycles 477 00:28:06,600 --> 00:28:11,120 that we can compare against. We have the 2012 cycle, the 2016 478 00:28:11,120 --> 00:28:15,200 cycle and the 2020 cycle. Now the 2020 cycle I think was 479 00:28:15,320 --> 00:28:19,760 artificially suppressed and broken because of FTX, Celsius, 480 00:28:19,960 --> 00:28:22,960 Grayscale, Barry Silbert, all the different paper Bitcoin 481 00:28:22,960 --> 00:28:25,200 games that were played out and then blew up. 482 00:28:25,480 --> 00:28:28,040 So it didn't go as high as it would and went lower than it 483 00:28:28,040 --> 00:28:31,920 would have in the bear. So if you go and then you 484 00:28:31,920 --> 00:28:34,160 compare it to the 2016 having cycle, right? 485 00:28:34,160 --> 00:28:36,720 And why are there cycles there cycles because every four years 486 00:28:36,720 --> 00:28:40,320 on average bitcoins has this pre planned supply shock. 487 00:28:40,320 --> 00:28:43,400 But because people are retarded, it's not priced in. 488 00:28:45,200 --> 00:28:47,720 At some point you'd expect all future having to be priced in, 489 00:28:47,720 --> 00:28:49,400 but we're still far away from that. 490 00:28:49,720 --> 00:28:53,360 So if you compare it to the 2016 cycle, if it was, if it was 491 00:28:53,360 --> 00:28:56,600 exactly the same top and bottom of the 2016 cycle, you're 492 00:28:56,600 --> 00:29:01,200 talking roughly 2 million Bitcoin top, 400,000 Bitcoin 493 00:29:01,200 --> 00:29:03,800 bottom. Now I think like some people 494 00:29:03,800 --> 00:29:06,000 without thinking about the math would be like, Oh my God, that's 495 00:29:06,000 --> 00:29:07,400 a super cycle. That's insane. 496 00:29:07,400 --> 00:29:10,120 Like how do we pump that much? No, that's just doing what we 497 00:29:10,120 --> 00:29:13,440 did in 2016. So I think you'd have to see 498 00:29:14,000 --> 00:29:17,000 four to be definitionally considered a super cycle. 499 00:29:17,000 --> 00:29:19,160 You'd have to see a blow past $2,000,000. 500 00:29:19,640 --> 00:29:21,560 I don't think there's many people that are calling for that 501 00:29:21,560 --> 00:29:23,640 right now. I would love to see that. 502 00:29:23,640 --> 00:29:28,000 I'd be cool with seeing that. But I, what I expect here is 503 00:29:28,000 --> 00:29:33,360 we'll see a slightly amplified traditional cycle because of 504 00:29:33,360 --> 00:29:36,240 nation state FOMO, because of ETFs, because of all this new 505 00:29:36,240 --> 00:29:39,600 money that has been unlocked. We will see a cycle that 506 00:29:39,600 --> 00:29:41,840 probably would have been amplified if you didn't factor 507 00:29:41,840 --> 00:29:45,840 in that new demand compared compared to not factoring that 508 00:29:45,840 --> 00:29:49,400 new demand. But I still expect at some point 509 00:29:49,400 --> 00:29:52,080 an 80% drawdown where everyone gets wrecked. 510 00:29:52,080 --> 00:29:54,320 And when that'll happen, I don't know when that'll happen. 511 00:29:54,320 --> 00:29:56,200 It'll happen when we're all incredibly bullish and we think 512 00:29:56,200 --> 00:29:59,240 it's not going to happen. And the important, the important 513 00:29:59,240 --> 00:30:03,520 contrast, I think with gold is like gold is, you know, bowling 514 00:30:03,520 --> 00:30:06,640 with bumpers, like there's a circuit Breakers, like it's a 515 00:30:06,640 --> 00:30:09,640 completely controlled market. Like Bitcoin is a, is the 516 00:30:09,640 --> 00:30:11,960 closest thing to a free market humanities ever seen. 517 00:30:12,400 --> 00:30:14,280 And humans are inherently volatile. 518 00:30:14,280 --> 00:30:16,600 And we panic and we do all this crazy shit. 519 00:30:16,800 --> 00:30:19,680 We do degenerate shit. All the suits are going to do 520 00:30:19,680 --> 00:30:22,560 crazy degenerate stuff that we can't even imagine. 521 00:30:22,560 --> 00:30:24,120 Like we're already seeing the early innings of it. 522 00:30:24,440 --> 00:30:27,920 Vivek is launching an ETF that buys Bitcoin bonds. 523 00:30:28,120 --> 00:30:31,160 The bonds that are then lent went to micro size. 524 00:30:31,160 --> 00:30:34,400 Micro size you can buy Bitcoin, while Bitwise is making an ETF 525 00:30:34,400 --> 00:30:37,240 that buys the Bitcoin company buys the companies that buys the 526 00:30:37,240 --> 00:30:38,920 Bitcoin. And they're going to do all this 527 00:30:38,920 --> 00:30:41,800 different stuff on top of all that stuff and collect fees and 528 00:30:41,800 --> 00:30:44,840 everything. So the degeneracy is going to be 529 00:30:44,840 --> 00:30:47,600 ridiculous. There's no circuit Breakers, 530 00:30:47,640 --> 00:30:50,680 people will panic and we'll probably have another 80% 531 00:30:50,680 --> 00:30:53,160 drawdown at some point. And I would say that would also 532 00:30:53,160 --> 00:30:57,320 break the definition of super cycle, which is like a we 533 00:30:57,320 --> 00:30:59,920 wouldn't have like a traditional bear market ish type of 534 00:30:59,920 --> 00:31:01,480 scenario. If you, by the way, if you know 535 00:31:01,480 --> 00:31:04,560 how to read between Matt's lines, that sounded a lot to me, 536 00:31:04,560 --> 00:31:07,040 like he was calling for a $3,000,000 Bitcoin price, you 537 00:31:07,040 --> 00:31:09,440 know? No price predictions. 538 00:31:12,840 --> 00:31:17,080 Dude, everyone can't help themselves but but to talk about 539 00:31:17,080 --> 00:31:18,520 it. But I mean, I agree. 540 00:31:18,520 --> 00:31:22,880 I agree with Matt 100%. I think, you know, Bitcoin tends 541 00:31:22,880 --> 00:31:26,760 to do the exact opposite of what everyone expects. 542 00:31:26,760 --> 00:31:29,120 Everyone, I think is expecting it to the downside. 543 00:31:29,520 --> 00:31:34,640 You know, we're already 10 days into the year and let's just say 544 00:31:34,640 --> 00:31:39,960 like, I'm not that happy. You know, it's been pretty lame. 545 00:31:40,920 --> 00:31:43,520 I think we broke 100K once already. 546 00:31:44,280 --> 00:31:47,880 But yeah, I mean, I think his reasoning behind it was was on 547 00:31:47,880 --> 00:31:49,880 point. I mean, look, you have nation 548 00:31:49,880 --> 00:31:54,360 state FOMO. You have institutional FOMO, you 549 00:31:54,360 --> 00:31:57,920 have the right the positive regulatory environment with the 550 00:31:57,920 --> 00:32:00,680 Trump administration coming in. You see how the current 551 00:32:00,680 --> 00:32:03,840 administration is so scared of that and they're trying to 552 00:32:03,840 --> 00:32:09,040 sabotage it with the trying to sell $69,000 Sixty 9000 Bitcoin, 553 00:32:09,200 --> 00:32:12,400 right, 11 days before Trump goes into office. 554 00:32:12,400 --> 00:32:16,440 I mean, yeah, you, you have a, a perfect situation for an 555 00:32:16,440 --> 00:32:21,560 explosive blow off top scenario. And again, we have not 556 00:32:21,560 --> 00:32:27,280 experienced one since 2017. So it's been a very, very long 557 00:32:27,280 --> 00:32:29,120 time. And because we have not 558 00:32:29,120 --> 00:32:33,480 experienced one since 2017, I think people forgot or forget 559 00:32:33,640 --> 00:32:39,000 what that truly feels like. So I'm very excited for it Now 560 00:32:39,000 --> 00:32:43,080 in regards to the 80% correction, Bitcoins done this 561 00:32:43,080 --> 00:32:45,320 so many times. But one of the things that I 562 00:32:45,320 --> 00:32:49,240 think a lot of us agree on, we all have different reasons as to 563 00:32:49,240 --> 00:32:53,600 why we believe 2020 and 2021 didn't perform the way it did. 564 00:32:54,480 --> 00:32:57,280 But it seems like the general consensus in the community was 565 00:32:57,280 --> 00:33:00,560 that that specific cycle was a let down. 566 00:33:00,720 --> 00:33:03,840 That specific cycle didn't perform the way that we all 567 00:33:03,840 --> 00:33:08,360 expected it to perform. And I think that this cycle, it 568 00:33:08,360 --> 00:33:11,520 looks like its current trajectory, looks like it's 569 00:33:11,520 --> 00:33:14,160 going to be amazing. And again, because it hasn't 570 00:33:14,160 --> 00:33:17,280 happened for so long, I think not that many people are 571 00:33:17,280 --> 00:33:19,680 expecting it. Like not that people, not that 572 00:33:19,680 --> 00:33:22,520 many people remember what that feels like, nor are they 573 00:33:22,520 --> 00:33:25,680 expecting it. And you have the right 574 00:33:26,320 --> 00:33:30,040 properties in place, the right environment in place on the 575 00:33:30,040 --> 00:33:33,800 regulatory level, on a nation state level for it to be 576 00:33:33,960 --> 00:33:37,120 absolutely explosive. So I do agree with Odell there. 577 00:33:37,280 --> 00:33:39,800 Now, will we hit $2,000,000 per coin? 578 00:33:40,200 --> 00:33:46,640 I mean, that sounds absurd. But if I told you in January of 579 00:33:46,640 --> 00:33:51,720 2017 when the price of Bitcoin just broke 1000, that at the end 580 00:33:51,720 --> 00:33:55,480 of the year it was going to be at $20,000, you would have given 581 00:33:55,480 --> 00:33:58,520 me the same response. You would have been like, you're 582 00:33:58,520 --> 00:34:00,240 crazy. That's that's absurd. 583 00:34:00,480 --> 00:34:03,280 So I don't know where bitcoins going to end up at the end of 584 00:34:03,280 --> 00:34:09,360 the year, but like look a 5X from the top or a 3X from the 585 00:34:09,360 --> 00:34:14,400 top IS300 thousand $500,000 Bitcoin that that's not a lot in 586 00:34:14,400 --> 00:34:17,440 Bitcoin terms. And everyone has to remember on 587 00:34:17,440 --> 00:34:21,480 a historic in a historic sense, Bitcoin tends to perform the 588 00:34:21,480 --> 00:34:26,000 best the year after the halving and that year is this year. 589 00:34:26,000 --> 00:34:29,600 That year is 2025. Opti straight up your alley, 590 00:34:29,600 --> 00:34:31,480 bro. Hopium straight in the morning 591 00:34:31,679 --> 00:34:35,280 coming from Odell himself. Odell tends to be, you know, 592 00:34:35,280 --> 00:34:38,280 very reserved when it comes to price speculation and all that 593 00:34:38,280 --> 00:34:43,120 stuff, but I think his logic is very sound and how he got to 594 00:34:43,120 --> 00:34:44,560 those conclusions. What do you think? 595 00:34:45,440 --> 00:34:48,360 Yeah, well, first of all, shouts out to American Huddle because I 596 00:34:48,360 --> 00:34:50,920 also was reading between the lines and it does sound like 597 00:34:50,920 --> 00:34:53,199 Odell was saying $3,000,000 Bitcoin. 598 00:34:53,440 --> 00:34:58,840 No, that's yeah, man, I I'm the reigning bullet hard on the 599 00:34:58,840 --> 00:35:01,520 show. And I've been saying something 600 00:35:01,520 --> 00:35:06,400 very similar as Matt Odell for I don't even know, probably the 601 00:35:06,400 --> 00:35:10,520 majority of last year. And we, you know, we dove into 602 00:35:10,520 --> 00:35:13,760 all of what we thought were the reasons, whether it was the 603 00:35:13,760 --> 00:35:17,400 China mining ban, whether it was like what Odell was saying with, 604 00:35:17,560 --> 00:35:21,560 you know, FTX, Celsius block file, all of that fake Bitcoin 605 00:35:21,560 --> 00:35:25,000 paper, Bitcoin being sold, which was artificially suppressing the 606 00:35:25,000 --> 00:35:27,600 price. And This is why we probably had 607 00:35:27,680 --> 00:35:31,520 a lack lackluster bull run in 2021. 608 00:35:31,520 --> 00:35:35,680 And I've been saying for again for a long time that it, to me, 609 00:35:35,680 --> 00:35:40,200 it feels like we are going to get like a double pent up demand 610 00:35:40,200 --> 00:35:43,400 now with this next bull run and potentially this year. 611 00:35:43,800 --> 00:35:46,880 And, and you know, as much as I do like the Super cycle meme, 612 00:35:47,080 --> 00:35:50,440 I'm still kind of like I did. I don't think we're there yet. 613 00:35:50,800 --> 00:35:55,520 But if what Odell is saying does play out, you know, we go to 614 00:35:55,520 --> 00:35:59,240 something ridiculous like $2,000,000 per coin for a split 615 00:35:59,240 --> 00:36:01,360 second. And then the bear market comes 616 00:36:01,360 --> 00:36:05,000 down to like whatever, 400K or something per coin, whatever the 617 00:36:05,000 --> 00:36:07,960 mass is. Like I am OK with that cycle 618 00:36:07,960 --> 00:36:10,520 playing out. And it really is licking in the 619 00:36:10,520 --> 00:36:12,880 past just a normal Bitcoin cycle. 620 00:36:13,200 --> 00:36:17,480 And so I'm also kind of in the camp that I think the the having 621 00:36:17,480 --> 00:36:21,000 cycles are still in play. And I think we are going to see 622 00:36:21,000 --> 00:36:24,080 an incredible blow off top, especially considering all of 623 00:36:24,080 --> 00:36:27,320 the demand that we're seeing. 2024 was a foundational year 624 00:36:27,320 --> 00:36:30,240 where institutional capital is able to come into Bitcoin now 625 00:36:30,240 --> 00:36:31,840 with everything. And we're going to cover some of 626 00:36:31,840 --> 00:36:33,960 this stuff right now in the in the news segment. 627 00:36:34,200 --> 00:36:36,960 With all the new ruling and regulation that is potentially 628 00:36:36,960 --> 00:36:40,480 on the horizon and already in place, it does seem like we're 629 00:36:40,480 --> 00:36:44,120 going to get a lot of capital, get injected into the Bitcoin 630 00:36:44,280 --> 00:36:47,560 market just itself. And to me, that just means, you 631 00:36:47,560 --> 00:36:50,840 know, we'll probably get like a double blow off top, which may 632 00:36:50,840 --> 00:36:55,320 be the price is going to run to an extraordinary price here. 633 00:36:55,440 --> 00:37:00,360 And, you know, as a Bitcoiner, you forget how it feels to see 634 00:37:00,360 --> 00:37:03,440 the Bitcoin price run. And Mike Odell was saying when 635 00:37:03,440 --> 00:37:06,960 the price does start running and you start to, you know, 636 00:37:07,880 --> 00:37:11,840 essentially price your net worth in like yachts and houses and 637 00:37:11,840 --> 00:37:15,320 supercars, that's when you know the blow off top is coming. 638 00:37:15,640 --> 00:37:19,880 And when you see the price start going to crazy levels, it really 639 00:37:19,880 --> 00:37:21,720 does feel like it's never coming back down. 640 00:37:21,720 --> 00:37:24,960 And we haven't felt that in a long time in Bitcoin and with 641 00:37:24,960 --> 00:37:27,040 everything playing out, whether it's institutional capital. 642 00:37:27,080 --> 00:37:29,680 Should we pull it up Opti? Should we pull up the psychology 643 00:37:29,680 --> 00:37:31,920 of Wall Street? I mean, you can, yeah, pull it 644 00:37:31,920 --> 00:37:34,400 up while I'll rent a little more because I do. 645 00:37:34,400 --> 00:37:37,240 I do want to hit one more point, but yeah, once the price starts 646 00:37:37,240 --> 00:37:41,560 running and you you're in Bitcoin, like every morning is 647 00:37:41,560 --> 00:37:44,600 like Christmas morning and you see the price just keep running 648 00:37:44,600 --> 00:37:47,360 and you're like, yo, this is absolutely insane. 649 00:37:47,360 --> 00:37:50,800 And seeing your net worth, you know, double and triple and like 650 00:37:50,800 --> 00:37:54,880 you get more, you know, more in a day than people make in a 651 00:37:54,880 --> 00:37:57,280 year. Like it starts to literally blow 652 00:37:57,280 --> 00:38:00,160 your mind and your psychology starts you, you really start to 653 00:38:00,160 --> 00:38:02,400 get rewired and like, this is absolutely insane. 654 00:38:02,640 --> 00:38:05,640 Now the second part before you pull up the chart, Nico, that I 655 00:38:05,640 --> 00:38:09,440 also want to touch on is what Odell was saying in the end. 656 00:38:09,680 --> 00:38:13,560 Like I know a lot of Bitcoiners are saying that the shit coin, 657 00:38:14,080 --> 00:38:16,760 what's it shit coin season or whatever they want to call it, 658 00:38:16,760 --> 00:38:18,360 like it's never going to happen again. 659 00:38:18,760 --> 00:38:21,440 I think we're going to see a whole new level of it. 660 00:38:21,440 --> 00:38:24,080 Like Odell was saying, we're seeing, you know, Wall Street 661 00:38:24,080 --> 00:38:28,320 come into Bitcoin and the stuff about the vague and the Bitcoin 662 00:38:28,320 --> 00:38:32,080 bonds and what was it Bitwise? I think buying, you know, 663 00:38:32,400 --> 00:38:37,200 Bitcoin standard treasury fund or whatever that whatever it was 664 00:38:37,200 --> 00:38:40,400 that were that they did like it's gonna compound and Wall 665 00:38:40,400 --> 00:38:43,640 Street is gonna continue to play dumb Wall Street games to 666 00:38:43,640 --> 00:38:46,200 essentially try to acquire as many fees as possible. 667 00:38:46,480 --> 00:38:49,960 And I think we're entering in a new round of shit coiner, though 668 00:38:50,160 --> 00:38:53,160 it might be on top of Bitcoin and it's going to obviously be 669 00:38:53,160 --> 00:38:57,080 using paper mechanism, traditional financial, you know, 670 00:38:57,240 --> 00:39:00,280 accounting to to pump these bags. 671 00:39:00,280 --> 00:39:04,800 And so yes, maybe this shit coin space might not be as pumpy as 672 00:39:04,800 --> 00:39:07,400 it used to be, but I think we're going to see a whole new round 673 00:39:07,400 --> 00:39:09,680 from Wall Street because Wall Street can't help themselves. 674 00:39:09,680 --> 00:39:12,080 And it's going to be very glorious to see Wall Street get 675 00:39:12,080 --> 00:39:14,880 absolutely wrecked trying to play these games with Bitcoin. 676 00:39:14,880 --> 00:39:17,480 And like that's going to be the tears that I'm going to be most 677 00:39:17,480 --> 00:39:19,760 excited for. Really kind of, you know, 678 00:39:19,760 --> 00:39:22,840 latching on to what our boy Nolan says all the time on his 679 00:39:22,840 --> 00:39:25,120 old show, the breakup. He just, you know, shouts out to 680 00:39:25,120 --> 00:39:27,040 Nolan. He just spun up a new which I'm 681 00:39:27,040 --> 00:39:30,600 super hyped to watch. Bitcoin is going to 682 00:39:30,600 --> 00:39:35,080 fundamentally break Wall Street and we're going to, in the next 683 00:39:35,080 --> 00:39:38,800 5-10 years in the Bitcoin industry or rather the Bitcoin 684 00:39:38,800 --> 00:39:41,720 network itself, prove that the people at Wall Street aren't the 685 00:39:41,720 --> 00:39:44,320 smartest people in the room and they're going to continue to do 686 00:39:44,320 --> 00:39:46,680 their degeneracy. They're going to get wrecked. 687 00:39:46,680 --> 00:39:49,000 There isn't going to be circuit Breakers to save them. 688 00:39:49,200 --> 00:39:53,240 So we might need one final flush here and it's going to be with 689 00:39:53,240 --> 00:39:55,240 Wall Street. So, you know, I wouldn't be 690 00:39:55,240 --> 00:39:57,080 holding shit coins. Obviously, this is simply 691 00:39:57,080 --> 00:39:59,880 Bitcoin, but we know that Wall Street's going to be playing 692 00:39:59,880 --> 00:40:03,160 some really degenerate games and they can't help themselves. 693 00:40:03,360 --> 00:40:05,520 And part of that means that they're going to get wrecked. 694 00:40:05,520 --> 00:40:08,680 And you know when the water. Seeds, when the tide goes back, 695 00:40:08,920 --> 00:40:11,760 we're going to see who isn't wearing pants here and all of us 696 00:40:11,760 --> 00:40:14,440 humble bit corners just stacking, you know, staving, 697 00:40:14,440 --> 00:40:18,120 staying solvent, acquiring as much Bitcoin, playing the 698 00:40:18,120 --> 00:40:20,480 accumulation games like we're the ones that are going to win 699 00:40:20,480 --> 00:40:23,360 while everyone gets crazy. So back to what I was saying. 700 00:40:23,360 --> 00:40:27,000 When you start pricing your net worth and all this crazy Fiat 701 00:40:27,000 --> 00:40:29,400 games, that's when you know you should be staying humble and 702 00:40:29,400 --> 00:40:32,560 stacking as much Bitcoin as possible because that's when 703 00:40:32,560 --> 00:40:34,000 you're most likely to get wrecked. 704 00:40:34,000 --> 00:40:35,640 So I don't think we're out of the woods yet. 705 00:40:35,640 --> 00:40:37,640 It's going to be a crazy 5 to 10 years. 706 00:40:37,640 --> 00:40:40,160 I think this is going to be a multi decade generational thing. 707 00:40:40,160 --> 00:40:42,200 But hey, we're in it for the long run. 708 00:40:42,200 --> 00:40:44,280 Just stay humble, stack sad, stay solvent. 709 00:40:44,280 --> 00:40:47,240 This is how we win. Absolutely I think that's a 710 00:40:47,240 --> 00:40:50,880 really, really good point. I also, I dropped a poll guys in 711 00:40:50,880 --> 00:40:55,520 the YouTube chat right now and I want to pull this up so we can 712 00:40:55,520 --> 00:40:58,320 talk about it. So guys, at the end of the day, 713 00:40:58,320 --> 00:41:04,560 you know, we, we look markets. It's a it's psychology, right? 714 00:41:04,720 --> 00:41:08,520 It's psychology and it's just the way it is and you feel it. 715 00:41:08,520 --> 00:41:11,600 You feel this, you know, at the tops, you feel this at the 716 00:41:11,600 --> 00:41:13,760 bottoms, you feel the full despair. 717 00:41:14,560 --> 00:41:16,560 Let me know where you guys think we are. 718 00:41:16,960 --> 00:41:19,280 I I, I dropped it. I said, where are we in the 719 00:41:19,280 --> 00:41:21,320 Bitcoin cycle? Are we at disbelief? 720 00:41:21,320 --> 00:41:22,960 Are we at hope? Are we at optimism? 721 00:41:22,960 --> 00:41:26,760 Are we belief? And I pull up the chart so it 722 00:41:26,760 --> 00:41:29,440 shows you kind of, you know, where everything is, right? 723 00:41:29,440 --> 00:41:32,680 There's capitulation, there's anger, there's depression, 724 00:41:32,880 --> 00:41:34,720 right? And and again, if you've been in 725 00:41:34,720 --> 00:41:38,280 Bitcoin long enough, you have felt every single one of these 726 00:41:38,360 --> 00:41:40,440 emotions, right? It's all part of it. 727 00:41:40,640 --> 00:41:43,880 But I'll tell you what I do not I opti. 728 00:41:43,880 --> 00:41:47,000 Let me ask you, like, do you feel belief? 729 00:41:47,360 --> 00:41:49,160 Have you felt belief? Belief yet? 730 00:41:49,160 --> 00:41:50,840 I have not felt belief yet. No. 731 00:41:50,840 --> 00:41:52,200 Optimism. Kind of. 732 00:41:52,520 --> 00:41:54,800 Kind of. I think we're in the like hope 733 00:41:54,880 --> 00:41:58,280 and we're about to hit the optimism like it this. 734 00:41:58,720 --> 00:42:00,080 It really feels like we're at the but. 735 00:42:00,480 --> 00:42:02,480 It's a point where it's like it's a finicky hope. 736 00:42:02,480 --> 00:42:05,360 Yeah, it's I'm. Starting to feel the like I I've 737 00:42:05,360 --> 00:42:08,600 yet to see, especially since we haven't broken past 100 Ki have 738 00:42:08,600 --> 00:42:11,280 yet to feel the like this rally's real moment. 739 00:42:11,280 --> 00:42:14,760 And so I think we're like, you know, at that consolidation 740 00:42:14,760 --> 00:42:19,240 before the optimism pump. So yeah, I I would say that's 741 00:42:19,240 --> 00:42:21,720 where we're at. It's it's like a finicky hope. 742 00:42:22,040 --> 00:42:25,080 Let us know in the in the live chat guys what you think right 743 00:42:25,080 --> 00:42:30,760 now, 57 of you guys, 58 of you guys voted the vast majority. 744 00:42:30,760 --> 00:42:34,680 No, not the vast majority. It's tied between 34% of people 745 00:42:34,680 --> 00:42:39,080 think it's hope, 37% of people think it's optimism. 746 00:42:39,280 --> 00:42:41,320 So it seems like they agree with us, Opti. 747 00:42:41,320 --> 00:42:45,080 It's between the hope and optimism stage is where a lot of 748 00:42:45,080 --> 00:42:48,440 people think we are. I don't think we're even close 749 00:42:48,440 --> 00:42:50,840 to belief. We're not close to thrill. 750 00:42:51,000 --> 00:42:54,720 I haven't felt euphoria. I'm I'm basically dead inside 751 00:42:54,720 --> 00:42:57,880 metaphorically. I haven't felt that like in a 752 00:42:57,880 --> 00:43:02,000 very, very long time, at least since 2021 and it was cut short. 753 00:43:02,000 --> 00:43:05,600 2021 was a was a big let down. So anyways, let us know in the 754 00:43:05,600 --> 00:43:07,360 chat where you guys believe we're at. 755 00:43:08,200 --> 00:43:09,800 But guys, we're going to hit the news. 756 00:43:09,800 --> 00:43:13,520 We have tons to talk about today, specifically the news 757 00:43:13,680 --> 00:43:18,800 Standard Charter debuts crypto services in Europe with new 758 00:43:18,800 --> 00:43:23,520 license and they talk about offering custody. 759 00:43:23,680 --> 00:43:26,840 Now, if you guys don't remember, one of the things that Michael 760 00:43:26,840 --> 00:43:30,960 Saylor said needed to happen in order for Bitcoin to hit 761 00:43:30,960 --> 00:43:36,520 $5,000,000 per coin was for banks to be able to custody 762 00:43:36,520 --> 00:43:39,480 Bitcoin. So it seems like that's moving 763 00:43:39,480 --> 00:43:41,960 ahead, full steam ahead. So we're going to cover that 764 00:43:41,960 --> 00:43:43,040 news. We'll be right back. 765 00:43:43,040 --> 00:43:46,480 We're going to hit the news. I want to give a very special 766 00:43:46,480 --> 00:43:49,320 shout out to our sponsor Compass Mining. 767 00:43:49,680 --> 00:43:53,080 They make Bitcoin mining accessible to everyone from 768 00:43:53,080 --> 00:43:55,680 beginners to experienced investors. 769 00:43:56,000 --> 00:44:00,240 Their turn key miners gets you online and hashing within 48 770 00:44:00,240 --> 00:44:03,960 hours, making it easier than ever to start your mining 771 00:44:03,960 --> 00:44:06,560 journey. Plus, with their active 772 00:44:06,560 --> 00:44:10,400 marketplace, you can resell your miner at any time, adding 773 00:44:10,400 --> 00:44:12,880 flexibility and value to your investment. 774 00:44:13,440 --> 00:44:17,240 Visit their website to access a wealth of resources learning 775 00:44:17,280 --> 00:44:19,800 everything you need to know about Bitcoin mining. 776 00:44:19,960 --> 00:44:22,960 Take your first. Step into the world of Bitcoin 777 00:44:22,960 --> 00:44:26,720 mining with confidence. Discover more at Compass Mining 778 00:44:26,800 --> 00:44:31,720 dot IO again Compass mining dot IO and see how Compass Mining 779 00:44:31,880 --> 00:44:43,000 can power your success. I want to give a shout out to 780 00:44:43,000 --> 00:44:46,280 our sponsor foundation. It's self custody done right. 781 00:44:46,480 --> 00:44:50,200 They've built a premium grade hardware wallet called Passport 782 00:44:50,360 --> 00:44:53,760 right here in the US, and it integrates seamlessly with their 783 00:44:53,760 --> 00:44:58,040 free app called Envoy. Passport is fully open source 784 00:44:58,040 --> 00:45:00,760 and verifiable. It's the most intuitive Bitcoin 785 00:45:00,760 --> 00:45:04,440 wallet design with a UX reminiscent of a classic feature 786 00:45:04,440 --> 00:45:07,280 phone, so you'll know how to navigate it and use it the 787 00:45:07,280 --> 00:45:10,200 moment you pick it up. It's also air gaps, meaning 788 00:45:10,200 --> 00:45:13,960 Bitcoin stays offline, never touching an Internet connection. 789 00:45:14,200 --> 00:45:18,160 It's Bitcoin only open source, verifiable air gap security 790 00:45:18,160 --> 00:45:21,240 model, gorgeous design, craft premium grade materials. 791 00:45:21,440 --> 00:45:25,440 Get your Bitcoin off exchanges and into your own hands in just 792 00:45:25,440 --> 00:45:29,160 a few minutes with Passport at foundation dot XYZ slash. 793 00:45:29,160 --> 00:45:35,240 Simply get Peace of Mind. All right, everybody here is 794 00:45:35,240 --> 00:45:40,280 Opti, and Opti has the passport by foundation devices. 795 00:45:40,480 --> 00:45:43,120 Not your keys, not your cheese. This is the perfect gift to give 796 00:45:43,120 --> 00:45:45,440 to somebody that perhaps is a little bit intimidated by self 797 00:45:45,440 --> 00:45:48,080 custody. But the passport makes self 798 00:45:48,080 --> 00:45:51,920 custody easy. It doesn't sacrifice safety for 799 00:45:51,920 --> 00:45:54,840 convenience. Use promo code simply to get a 800 00:45:54,840 --> 00:45:59,840 small discount to get yourself a passport by Foundation devices, 801 00:45:59,960 --> 00:46:05,920 scan the QR code or check the link in the video description. 802 00:46:06,160 --> 00:46:10,640 Anyways, I have a special treat for you guys other than Opti. 803 00:46:12,440 --> 00:46:18,000 I have a video, and essentially it's the video of Michael Saylor 804 00:46:18,000 --> 00:46:22,840 explaining the three catalysts that need to happen in order for 805 00:46:22,840 --> 00:46:25,480 Bitcoin to hit $5,000,000 per coin. 806 00:46:25,480 --> 00:46:29,280 Let me put it at 1.2 times the speed because it's a little bit 807 00:46:29,280 --> 00:46:30,760 slow. There we go. 808 00:46:30,760 --> 00:46:32,440 Let's play it and then we're going to talk about it. 809 00:46:33,720 --> 00:46:35,560 I think there's three things. Look, first of all, it's going 810 00:46:35,560 --> 00:46:37,240 up by a factor of 10. Why do they fix any of the 811 00:46:37,240 --> 00:46:38,520 stuff, right? It's going to go a lot. 812 00:46:38,520 --> 00:46:41,800 It's going to be a grind up by a factor of 10 just because gold 813 00:46:41,800 --> 00:46:45,240 is broken and the coins going to replace gold and now everybody 814 00:46:45,240 --> 00:46:47,840 in the universe knows they need a non sovereign store of value 815 00:46:47,840 --> 00:46:49,200 in the form of a bearer instrument. 816 00:46:49,440 --> 00:46:53,080 So now they're looking the amount of stories for last year. 817 00:46:53,080 --> 00:46:54,880 People said inflation may be coming, we're not sure. 818 00:46:55,160 --> 00:46:57,880 Now the mainstream narrative is flipped to inflation is here, 819 00:46:57,880 --> 00:47:00,680 you need inflation hedge. So it's going to grind up to 820 00:47:00,680 --> 00:47:02,760 replace gold. It'll go to $500,000 a coin 821 00:47:02,760 --> 00:47:04,200 regardless of whether they fix these things. 822 00:47:04,360 --> 00:47:06,880 But there are three things that are massive catalyst that cause 823 00:47:07,160 --> 00:47:10,440 an acceleration. And I don't think that those 824 00:47:10,440 --> 00:47:12,680 three things don't take us to 500,000, they take us to 5 825 00:47:12,680 --> 00:47:16,400 million a coin, right? Those three things are a spot 826 00:47:16,400 --> 00:47:19,720 ETF where someone can go ahead and buy $100 million of Bitcoin 827 00:47:19,720 --> 00:47:24,600 by a security, an ETF security. I think that's 1/2 is your bank 828 00:47:24,600 --> 00:47:26,640 is going to custody it for you and lend against it. 829 00:47:27,560 --> 00:47:32,160 And three is I can mark it up or mark it down on my balance sheet 830 00:47:32,200 --> 00:47:35,000 based on fair value. Para pursue, it'll be para 831 00:47:35,000 --> 00:47:37,960 pursue to the way I'd handle Apple stock or at least that 832 00:47:37,960 --> 00:47:40,920 good if it's if you have property with fair value 833 00:47:40,920 --> 00:47:44,800 accounting by the way, it becomes parapusu to the way 834 00:47:44,800 --> 00:47:47,360 you'd handle Treasury bonds on a Treasury balance sheet. 835 00:47:47,560 --> 00:47:50,080 Treasuries are better than stocks because Treasury is 836 00:47:50,080 --> 00:47:53,320 property, whereas the stock is a security and you're tapped out 837 00:47:53,320 --> 00:47:55,000 at 40% of your balance sheet is security. 838 00:47:55,000 --> 00:47:59,600 So, so it would be a major, major breakthrough if you saw 839 00:47:59,680 --> 00:48:02,360 any of those three things. And I'll end with this one 840 00:48:02,360 --> 00:48:03,640 observation I tweeted this last week. 841 00:48:03,640 --> 00:48:05,200 But I still, I think it's very powerful. 842 00:48:05,440 --> 00:48:08,440 It's if the banks can hold this stuff on their balance sheet, 843 00:48:08,760 --> 00:48:11,760 then a whole new class of investors are going to buy it. 844 00:48:11,760 --> 00:48:13,800 People are going to put in billion and multi billion dollar 845 00:48:13,800 --> 00:48:15,640 orders to buy it as a treasury asset. 846 00:48:15,920 --> 00:48:17,960 Nobody's going to sell it because, because there's no 847 00:48:17,960 --> 00:48:20,560 reason to sell it if you can borrow against it at Libor plus 848 00:48:20,600 --> 00:48:23,840 art sulfur plus 50 basis points, right? 849 00:48:24,200 --> 00:48:25,800 So you'll be, you'll be boring against Bitcoin. 850 00:48:25,800 --> 00:48:28,840 It's so for plus 50 or so, for plus 100 basis points, no one's 851 00:48:28,840 --> 00:48:31,400 ever going to sell it. And then as I joked, you won't 852 00:48:31,400 --> 00:48:32,840 be able to afford it. I mean, you will be able to 853 00:48:32,840 --> 00:48:34,480 afford it, but you know, everybody gets Bitcoin at the 854 00:48:34,480 --> 00:48:37,240 price they deserve when the banks normalize it and you can 855 00:48:37,240 --> 00:48:41,480 draw $100 million credit line at 100 basis points from an FDIC 856 00:48:41,480 --> 00:48:44,240 insured bank at that point, right? 857 00:48:44,240 --> 00:48:46,600 We're going to blow through the market cap of gold by a factor 858 00:48:46,600 --> 00:48:49,040 of 10, right? So I, you know, I think the best 859 00:48:49,040 --> 00:48:51,640 thing is those three things are highly likely to happen. 860 00:48:52,040 --> 00:48:54,480 I don't know if they happened in 36 months or 24 months or 12 861 00:48:54,480 --> 00:48:57,560 months, but I would be shocked if it's more than 36 months. 862 00:48:57,600 --> 00:49:01,160 And I hope, guys, I hope it doesn't happen in 12 months, 863 00:49:01,160 --> 00:49:04,440 because my view is the longer it takes, the more progressive the 864 00:49:04,440 --> 00:49:06,600 grind, the more time I have to buy more of it. 865 00:49:07,880 --> 00:49:12,200 So he was 100. What was the date on this? 866 00:49:12,200 --> 00:49:15,560 Wasn't this? 20 dude it was 2022 bro. 867 00:49:15,560 --> 00:49:17,000 I wish I brought microstrategies. 868 00:49:17,000 --> 00:49:18,960 I don't know what I was thinking, dude. 869 00:49:18,960 --> 00:49:23,280 Like, come on now. OK, so let's break it down for 870 00:49:23,280 --> 00:49:25,080 anyone. Let's, let's weave it back in. 871 00:49:25,080 --> 00:49:28,400 Let's, let's lame the three. Let's name the three points #1 872 00:49:28,600 --> 00:49:32,000 change in the fasby accounting rules so that it could properly 873 00:49:32,000 --> 00:49:37,120 reflect, you know, on, on, on, on on a company's balance sheet, 874 00:49:37,120 --> 00:49:41,360 the the benefits of Bitcoin accounting wise #2 the approval 875 00:49:41,360 --> 00:49:46,640 of a spot Bitcoin ETF and #3 the ability for banks to custody 876 00:49:46,640 --> 00:49:50,400 Bitcoin. First, two things have already 877 00:49:50,400 --> 00:49:52,800 happened. Those things have already come 878 00:49:52,800 --> 00:49:54,800 to fruition. Remember in the beginning of 879 00:49:54,800 --> 00:49:58,880 last year, January 10th of 2024. Literally a year ago. 880 00:49:59,200 --> 00:50:03,720 Literally a year ago or a year ago tomorrow the approval of the 881 00:50:03,720 --> 00:50:06,840 spot Bitcoin ETF, but Gary Genzer was like grinding his 882 00:50:06,840 --> 00:50:10,960 teeth in the process also the change in the fasbi accounting 883 00:50:10,960 --> 00:50:12,240 rules. I'll, I'll read you some of the 884 00:50:12,240 --> 00:50:15,480 details here. The, the financial accounting 885 00:50:15,480 --> 00:50:19,080 standards boards issued new accounting rules for crypto 886 00:50:19,080 --> 00:50:22,960 assets in December of 2023, which will take effect for 887 00:50:22,960 --> 00:50:28,600 fiscal years beginning after December 15th, 2024. 888 00:50:28,640 --> 00:50:30,600 So this just came into effect, right? 889 00:50:31,000 --> 00:50:35,080 And then the reason I wanted to cover this topic today is 890 00:50:35,160 --> 00:50:39,080 Standard Chartered debuts crypto services in Europe with new 891 00:50:39,080 --> 00:50:42,000 license Now goes on to say Standard Chartered, one of the 892 00:50:42,000 --> 00:50:46,400 world's largest banks, is debuting cryptocurrency services 893 00:50:46,400 --> 00:50:49,840 in Europe after obtaining a digital asset license in 894 00:50:49,840 --> 00:50:52,840 Luxembourg. The bank announced on January 895 00:50:52,840 --> 00:50:57,520 9th that it is establishing a new entity in Luxembourg to act 896 00:50:57,520 --> 00:51:01,680 as its European Union regulatory entry point for offering crypto 897 00:51:01,680 --> 00:51:06,600 and digital asset custody services. 898 00:51:06,600 --> 00:51:11,240 I'm going to say that again. The bank announced on January 899 00:51:11,240 --> 00:51:15,080 9th that is establishing a new entity in Luxembourg to act as 900 00:51:15,080 --> 00:51:20,320 its European Union regulatory entry point for offering crypto 901 00:51:20,360 --> 00:51:24,920 and digital asset custody services. 902 00:51:25,520 --> 00:51:29,640 So one of the largest banks, the TLDR, one of the largest banks 903 00:51:29,680 --> 00:51:34,640 in the world has just announced today that they're offering 904 00:51:34,880 --> 00:51:39,800 custody services. And that was the third thing, 905 00:51:40,240 --> 00:51:45,040 the third catalyst that Michael Saylor said needed to happen in 906 00:51:45,040 --> 00:51:49,560 order for Bitcoin to hit $5,000,000 per coin and actually 907 00:51:49,680 --> 00:51:54,960 10X the market cap of gold. Now, the reason that this is so, 908 00:51:54,960 --> 00:51:58,880 this is such a big deal is because again, banks need to 909 00:51:58,880 --> 00:52:02,960 have this ability in order for people to effectively use 910 00:52:02,960 --> 00:52:05,640 Bitcoin as collateral. Because at the end of the day, 911 00:52:05,760 --> 00:52:09,680 Bitcoin is the best collateral ever on the face of the planet. 912 00:52:09,960 --> 00:52:13,560 It's superior to gold, it's superior to real estate because 913 00:52:13,560 --> 00:52:16,600 it's physical characteristics. You could send it anywhere 914 00:52:16,680 --> 00:52:18,680 immediately, anywhere around the world. 915 00:52:18,920 --> 00:52:21,280 You can verify the custody of it. 916 00:52:21,320 --> 00:52:25,640 You can verify that it's real. Like imagine verifying gold, you 917 00:52:25,640 --> 00:52:28,440 know, like how do you verify the authenticity of gold? 918 00:52:28,440 --> 00:52:31,000 You have to literally open up the gold bar and make sure that 919 00:52:31,000 --> 00:52:33,320 there isn't tungsten inside, right? 920 00:52:33,520 --> 00:52:36,000 So, yes, I mean, this is massive. 921 00:52:36,000 --> 00:52:39,440 This is huge. And to connect the dots with 922 00:52:39,440 --> 00:52:43,000 what Odell was saying earlier on the show when we played you guys 923 00:52:43,000 --> 00:52:45,440 that clip, this is what he was talking about. 924 00:52:45,640 --> 00:52:49,840 Like all bets are off. When Wall Street and Tradfi come 925 00:52:49,840 --> 00:52:53,680 in here and they start getting a taste of number go up 926 00:52:53,680 --> 00:52:55,920 technology. I think things are going to go 927 00:52:55,920 --> 00:52:59,560 absolutely crazy and they already are going absolutely 928 00:52:59,560 --> 00:53:02,400 crazy. So bullish news overall. 929 00:53:02,440 --> 00:53:05,920 Standard Chartered Bank announces that they are 930 00:53:06,600 --> 00:53:10,840 releasing custody services in Europe with a license. 931 00:53:10,840 --> 00:53:14,880 Everything checking all the regulatory check box. 932 00:53:15,040 --> 00:53:17,600 Now, of course, is this good for the revolution? 933 00:53:17,600 --> 00:53:20,800 Not necessarily the revolution, individuals taking Bitcoin into 934 00:53:20,800 --> 00:53:24,280 self custody. But regardless, from a number go 935 00:53:24,280 --> 00:53:28,080 up perspective, I think this is incredibly, incredibly bullish 936 00:53:28,080 --> 00:53:30,000 news. Opti, what's your opinion? 937 00:53:30,600 --> 00:53:33,200 Yeah. Well, also let's not forget that 938 00:53:33,200 --> 00:53:35,880 BNY Mellon also got approval in the States. 939 00:53:35,880 --> 00:53:39,280 So now we have it on, you know, both sides of the Atlantic that 940 00:53:39,280 --> 00:53:42,560 there are banks that are now essentially going to be able to 941 00:53:42,560 --> 00:53:45,600 custody that Bitcoin. Now, personally, I would not 942 00:53:45,600 --> 00:53:48,520 trust the bank to custody my Bitcoin, but I do understand 943 00:53:48,520 --> 00:53:52,040 that for a lot of people out there, they still have some 944 00:53:52,040 --> 00:53:54,760 semblance of trust in these institutions. 945 00:53:54,760 --> 00:53:58,640 And so that is going to allow for a lot of capital to start to 946 00:53:58,640 --> 00:54:00,920 flow into Bitcoin because of these quote, you know, 947 00:54:00,920 --> 00:54:04,480 safeguards out there. And so it is obviously very 948 00:54:04,480 --> 00:54:07,160 bullish in regards to price. It does seem like Bitcoin is 949 00:54:07,160 --> 00:54:09,640 maturing. It's starting to saturate all of 950 00:54:09,640 --> 00:54:12,760 Tradfi and you know, quoting something that I said, I think 951 00:54:12,760 --> 00:54:16,640 it was last week or maybe the beginning of this week, is that 952 00:54:16,960 --> 00:54:20,600 to have Bitcoin fundamentally take over the world, we do have 953 00:54:20,600 --> 00:54:24,320 to use all of the traditional financial technology that is out 954 00:54:24,320 --> 00:54:26,240 there. And that's how Bitcoin 955 00:54:26,240 --> 00:54:29,520 completely wins. And so as much as a Bitcoin, I'm 956 00:54:29,520 --> 00:54:31,960 a purist where I'm like, you should be holding your Bitcoin 957 00:54:31,960 --> 00:54:35,240 in personal custody. I do understand the need for 958 00:54:35,240 --> 00:54:38,920 using all of the tools available to us from the traditional 959 00:54:38,920 --> 00:54:42,920 financial sector to help proliferate and push the 960 00:54:42,920 --> 00:54:45,800 adoption of Bitcoin. So as much as I wouldn't be 961 00:54:45,800 --> 00:54:48,920 using banks, obviously this is one of those developments that 962 00:54:48,920 --> 00:54:52,280 I've been saying with is further proof that Bitcoin is maturing. 963 00:54:52,480 --> 00:54:55,960 2024 seemed to be the year where we put the foundational bricks 964 00:54:55,960 --> 00:54:59,560 down so that now, you know, Bitcoin is, is thoroughly 965 00:54:59,560 --> 00:55:03,160 saturating popular culture. And I think 2025, as we do see 966 00:55:03,160 --> 00:55:06,120 the price start to run, I think it's going to be very hard to 967 00:55:06,120 --> 00:55:08,640 ignore Bitcoin. It's going I, I really do feel 968 00:55:08,640 --> 00:55:13,240 like we're going to see that 2017 type bull run and the FOMO 969 00:55:13,240 --> 00:55:16,160 that we're going to see is kind of going, you know, harkening 970 00:55:16,160 --> 00:55:19,480 back to what Odell was saying in the beginning of the show. 971 00:55:19,840 --> 00:55:24,280 Maybe we do see some crazy, you know, 7 figure prices in 972 00:55:24,280 --> 00:55:26,440 Bitcoin, even if it's just for a moment. 973 00:55:26,800 --> 00:55:30,920 And I, I do think that retail is going to come back very strong 974 00:55:30,920 --> 00:55:34,280 in the Bitcoin once all of this FUD is really put the rest 975 00:55:34,280 --> 00:55:36,760 because as we've been showing it, especially on this show 976 00:55:36,760 --> 00:55:41,400 today, the, the powers that be are starting to lose control of 977 00:55:41,400 --> 00:55:44,080 not only the economy, but the narrative here. 978 00:55:44,120 --> 00:55:48,400 And hey, if it does come out and show that the, the Biden 979 00:55:48,400 --> 00:55:52,800 minister sold all that Bitcoin and yet they're sabotaging us a 980 00:55:52,800 --> 00:55:56,480 potential to pay back the debt, I think people, I think more 981 00:55:56,480 --> 00:55:58,840 people are going to wake up. And so yes, I think this is a 982 00:55:58,840 --> 00:56:01,120 great development. Obviously, I'm not, I'm not the 983 00:56:01,120 --> 00:56:04,240 biggest fan of banks, but hey, we knew this was going to happen 984 00:56:04,240 --> 00:56:07,080 eventually, but it's still more important than ever for all of 985 00:56:07,080 --> 00:56:10,960 us to take Bitcoin into custody, continue to run those, etcetera. 986 00:56:11,240 --> 00:56:14,560 But in regards to kind of one thing Odell was also saying in 987 00:56:14,560 --> 00:56:17,720 the beginning, I think one of the bigger stories that for us 988 00:56:17,720 --> 00:56:21,880 Bitcoiners is old news at this point is just how big of a bad 989 00:56:21,880 --> 00:56:25,440 impact or rather negative impact the FTX, you know, Sam Bakeman 990 00:56:25,440 --> 00:56:27,480 freed moment had on the industry. 991 00:56:27,480 --> 00:56:29,000 And we're still kind of getting out of that. 992 00:56:29,000 --> 00:56:32,120 And so, hey, you know, as much as we don't trust banks, there's 993 00:56:32,120 --> 00:56:33,600 still people that do trust banks. 994 00:56:33,800 --> 00:56:37,080 And I'm sure they'd much rather trust a bank than a SPF 995 00:56:37,080 --> 00:56:41,840 character to hold their wealth. So this is seemingly a good 996 00:56:41,840 --> 00:56:43,720 development in the Bitcoin space. 997 00:56:43,720 --> 00:56:47,520 I'm sure we will see some other banks follow soon or or maybe 998 00:56:47,520 --> 00:56:48,720 you know, the the powers that be. 999 00:56:48,800 --> 00:56:50,560 We are picking winners and choosers still. 1000 00:56:50,840 --> 00:56:54,480 But it's looking like, you know, in 11 days, well, we will see 1001 00:56:54,480 --> 00:56:56,720 some clarity. Obviously, it won't happen day 1002 00:56:56,720 --> 00:57:00,280 one here. But I think if Trump does is if 1003 00:57:00,280 --> 00:57:02,880 Trump is able to get into office first and foremost. 1004 00:57:04,280 --> 00:57:07,160 We'll. We'll see some crazy stuff, some 1005 00:57:07,160 --> 00:57:09,440 crazy stuff happen right now, especially when you consider 1006 00:57:09,440 --> 00:57:12,440 what's going on in the macro landscape, You know, the 1007 00:57:13,080 --> 00:57:16,000 treasuries aren't looking very strong right now and people are 1008 00:57:16,000 --> 00:57:17,400 trying to move away from treasuries. 1009 00:57:17,400 --> 00:57:20,040 So people are looking for an alternative and I know a lot of 1010 00:57:20,040 --> 00:57:22,920 people, we even have people in the chat that say it all the 1011 00:57:22,920 --> 00:57:24,360 time. It's like we're going back to a 1012 00:57:24,360 --> 00:57:29,400 gold standard and it's like okay bro, like happening. 1013 00:57:29,720 --> 00:57:32,520 And to me it's going to go to Bitcoin. 1014 00:57:32,520 --> 00:57:36,520 So, hey, you can make your bet and go into gold and keep your 1015 00:57:36,520 --> 00:57:39,600 purchasing power level for, you know, the next 20 years if you 1016 00:57:39,600 --> 00:57:43,560 want, or you can follow the wave and remember the, the report 1017 00:57:43,560 --> 00:57:46,480 from Fidelity, obviously now Fidelity is kind of like a 1018 00:57:46,480 --> 00:57:48,760 Bitcoin company and now they, they have the whole digital 1019 00:57:48,760 --> 00:57:51,600 asset wing. So maybe maybe it is a little 1020 00:57:51,600 --> 00:57:55,680 biased, but I really like the, the part of the report where it 1021 00:57:55,680 --> 00:57:58,280 says like, yeah, you're not late to Bitcoin, you're just early to 1022 00:57:58,280 --> 00:58:00,280 a new era. And this is where we are right 1023 00:58:00,280 --> 00:58:02,040 now. So hey, you know, have fun with 1024 00:58:02,040 --> 00:58:06,360 your pet rock, AKA a yellow rock, and we'll have fun playing 1025 00:58:06,360 --> 00:58:09,280 with our Bitcoin. So hey, like the bets are on. 1026 00:58:09,280 --> 00:58:11,720 Let's go. Yeah, absolutely. 1027 00:58:11,720 --> 00:58:15,520 Opti's on effing fire today. All right, ladies and gentlemen, 1028 00:58:15,760 --> 00:58:17,920 stay tuned. We have a lot to cover. 1029 00:58:17,920 --> 00:58:19,720 We'll be right back. We're going to hit the culture. 1030 00:58:19,720 --> 00:58:21,760 I don't even know what Opti's going to cover today, so I'm 1031 00:58:21,760 --> 00:58:25,000 excited. I want to give a shout out to 1032 00:58:25,000 --> 00:58:27,800 our sponsor Hive Digital Technologies. 1033 00:58:27,840 --> 00:58:31,920 As the first ever public miner, Hive's been battle tested 1034 00:58:31,920 --> 00:58:36,360 through every possible market and as the first with an AI 1035 00:58:36,360 --> 00:58:40,480 strategy, Hive continues to redefine the future of 1036 00:58:40,480 --> 00:58:43,720 sustainable energy. Also got to casually drop this 1037 00:58:43,720 --> 00:58:46,240 in here. Hive consistently tops the 1038 00:58:46,240 --> 00:58:50,080 industry in Bitcoin mine per. Exahash. 1039 00:58:50,200 --> 00:58:53,080 They're lean and mean, they're green and clean, and they're 1040 00:58:53,080 --> 00:58:56,520 changing the the game. Learn more by following them at 1041 00:58:56,520 --> 00:58:59,200 Hive Digital Tech or check out their website, 1042 00:58:59,400 --> 00:59:14,960 hivedigitaltech.com. I totally just cut opti off I. 1043 00:59:14,960 --> 00:59:17,440 Apologize, I was just going to tease. 1044 00:59:17,480 --> 00:59:19,600 It he cuts me off all the time so. 1045 00:59:20,040 --> 00:59:25,160 Speaking of, Speaking of. Sorry, not sorry guys. 1046 00:59:25,160 --> 00:59:28,400 I do want to give a very special shout out to simply bitcoins 1047 00:59:28,400 --> 00:59:31,800 sponsor bit block boom. Guys this is going to be one of 1048 00:59:31,800 --> 00:59:35,800 the best Bitcoin conferences of the effing year. 1049 00:59:35,800 --> 00:59:38,200 It's going to be amazing the year of the parabola. 1050 00:59:38,320 --> 00:59:40,880 You guys definitely don't want to miss bit block boom in 1051 00:59:40,880 --> 00:59:45,760 Dallas, TX April 3rd through the 6th of 2025. 1052 00:59:45,760 --> 00:59:48,680 You want to get your tickets quickly because the prices do go 1053 00:59:48,680 --> 00:59:51,960 up very very soon guys this is going to be one of the best 1054 00:59:52,240 --> 00:59:57,760 Bitcoin operations of the year. They have the BBQ, they have the 1055 00:59:57,760 --> 01:00:02,440 axe throwing contest, they have the the the brunch, they have 1056 01:00:02,440 --> 01:00:05,840 the lunch, they have the dinner, they have the workshops, they 1057 01:00:05,840 --> 01:00:09,920 have the conference days. It's going to be absolutely 1058 01:00:09,920 --> 01:00:11,840 amazing guys. You definitely don't want to 1059 01:00:11,840 --> 01:00:16,440 miss bit block boom 2025 in Dallas, TX. 1060 01:00:16,440 --> 01:00:20,320 It's going to be one of the best Bitcoin celebrations of the 1061 01:00:20,320 --> 01:00:22,800 year. The entire Simply Bitcoin crew 1062 01:00:23,000 --> 01:00:26,120 is going. Going to be there, Nico, Opti, 1063 01:00:26,240 --> 01:00:30,040 Rusted Dante, Jacob, Sophie, the entire crew. 1064 01:00:30,240 --> 01:00:34,840 You definitely don't want to miss this Bitcoin celebration. 1065 01:00:35,080 --> 01:00:38,320 Get your tickets now. Scan the QR code on your screen 1066 01:00:38,400 --> 01:00:40,240 or check the link in the video description. 1067 01:00:40,440 --> 01:00:49,080 Scan the QR code and use promo code BBB21BBB21 to get $100 off 1068 01:00:49,080 --> 01:00:54,000 of your tickets to Bit Block Boom 2020 5. 1069 01:00:54,240 --> 01:00:58,040 All right, everybody, Opti. Let's not pull this up yet. 1070 01:00:58,280 --> 01:01:01,920 What do you have for us today? Yeah, so shout out the wine that 1071 01:01:01,920 --> 01:01:03,200 gives. He's trolling us in the chat. 1072 01:01:03,200 --> 01:01:09,000 Shouts out to you bro crack it up okay okay guys well look it's 1073 01:01:09,000 --> 01:01:13,000 the new year you know we're in 2025 we haven't had a chance to 1074 01:01:13,000 --> 01:01:17,000 kind of talk about you know not not like self helpy here but 1075 01:01:17,520 --> 01:01:20,560 some goals for 2025. Obviously, everyone likes to set 1076 01:01:20,560 --> 01:01:25,400 goals for 2025 and so today shout out to my boy Mitchell 1077 01:01:25,400 --> 01:01:30,120 Hoddle Zoomer out there absolute go I I love his work and I'm 1078 01:01:30,120 --> 01:01:33,720 really going to just kind of steal his ideas here. 1079 01:01:33,720 --> 01:01:37,880 So I'm crediting Mitchell Hoddle here completely on today's 1080 01:01:37,880 --> 01:01:41,560 culture, but I think it's a great framework considering that 1081 01:01:41,560 --> 01:01:43,920 every Bitcoin has the stacking goals. 1082 01:01:43,920 --> 01:01:47,360 We all want a stacking goal, you know, and as the price starts 1083 01:01:47,360 --> 01:01:52,480 running, I think it's, it's very important to I, I wouldn't say 1084 01:01:52,480 --> 01:01:56,520 be realistic because I want you guys to, to strive for 1085 01:01:56,520 --> 01:02:00,880 excellence, strive for vitality, you know, with, with some, some 1086 01:02:00,880 --> 01:02:03,920 willpower, get to your goals. And obviously the goal we've 1087 01:02:03,920 --> 01:02:06,160 always been talking about here for a long time on simply 1088 01:02:06,160 --> 01:02:08,320 Bitcoin is just try to acquire one Bitcoin. 1089 01:02:08,480 --> 01:02:11,440 And when Nico and I kind of got into Bitcoin, we had our boy 1090 01:02:11,440 --> 01:02:14,760 American Hodo being like get to 6.15 Bitcoin and that was out of 1091 01:02:14,760 --> 01:02:17,520 the reach for a lot of people. And so shouts out to Mitchell 1092 01:02:17,520 --> 01:02:18,840 Hodo. I'm gonna pull up his tweet now 1093 01:02:19,040 --> 01:02:24,320 because he is, I, I think might be hitting on a trend here. 1094 01:02:24,320 --> 01:02:27,480 So again, at Mitchell Hoddle on Twitter, I'm gonna read his 1095 01:02:27,480 --> 01:02:29,160 tweet and then we'll kind of talk about it. 1096 01:02:29,160 --> 01:02:31,880 Considering we are in the new year, people are setting New 1097 01:02:31,880 --> 01:02:34,200 Year's goals. I'm sure as a Bitcoiner, you're 1098 01:02:34,200 --> 01:02:37,440 setting stacking goals and you should be thinking about your 1099 01:02:37,440 --> 01:02:40,400 finances moving into 2025 and make sure that you stick to 1100 01:02:40,400 --> 01:02:44,040 these because as the price of Bitcoin gets crazy, we want you 1101 01:02:44,040 --> 01:02:45,760 guys to stay solvent, stay humble stacks. 1102 01:02:45,760 --> 01:02:48,680 That's all that good thing. Anyways, Mitchell Harto isn't 1103 01:02:48,680 --> 01:02:50,960 the only one thinking about this, but he is able to put this 1104 01:02:50,960 --> 01:02:53,360 in this tweet that that I, I think is really great. 1105 01:02:53,360 --> 01:02:55,360 So I'm gonna, I'm gonna jump off the work here for Mitchell 1106 01:02:55,360 --> 01:02:57,800 Harto. All credits to Mitchell He goes. 1107 01:02:57,800 --> 01:03:00,400 I've been thinking about I've been thinking about this a lot 1108 01:03:00,400 --> 01:03:02,360 recently. How much Bitcoin is enough? 1109 01:03:02,720 --> 01:03:06,600 Of course, American huddle in our day called for 6.15 British 1110 01:03:06,600 --> 01:03:09,280 huddle all of last year was calling for one Bitcoin. 1111 01:03:09,560 --> 01:03:12,920 Now for most people, the 6.15 train is probably gone, 1112 01:03:12,920 --> 01:03:15,880 including a lot of single digit millionaire boomers out there. 1113 01:03:16,120 --> 01:03:19,760 So getting to 1 Bitcoin is still possible for the paper wealthy 1114 01:03:19,760 --> 01:03:22,720 boomers if they're willing to like he lock or take an early 1115 01:03:22,720 --> 01:03:24,760 withdrawal penalty on the retirement account. 1116 01:03:25,080 --> 01:03:27,600 But if they haven't already begun stacking by now, they are 1117 01:03:27,600 --> 01:03:31,640 likely too much of A coward to run off the Tran 5 plantation in 1118 01:03:31,640 --> 01:03:34,600 such a big way. So it begs the question, what 1119 01:03:34,600 --> 01:03:37,640 should the universal stacking goal be for the class of 2025? 1120 01:03:37,920 --> 01:03:40,480 Obviously, it's a new class, a new era. 1121 01:03:40,480 --> 01:03:42,280 More people are going to join in the Bitcoin. 1122 01:03:42,600 --> 01:03:46,000 And if you start saying, you know, get the 6.15 or one in 1123 01:03:46,000 --> 01:03:47,560 Bitcoin, maybe it turns people off. 1124 01:03:47,560 --> 01:03:50,880 But personally, that makes me want to stack more Bitcoin. 1125 01:03:50,880 --> 01:03:52,120 And, and that's the whole point here. 1126 01:03:52,120 --> 01:03:54,760 So what if you're a young person just starting your career? 1127 01:03:55,000 --> 01:03:57,720 What if you haven't had decades to accumulate assets that could 1128 01:03:57,720 --> 01:04:00,360 be reallocated to Bitcoin? What if you work a quote normal 1129 01:04:00,360 --> 01:04:03,320 job, have bills to pay, kids to feed, and minimal surplus 1130 01:04:03,320 --> 01:04:05,640 income? If you just got Bitcoin within 1131 01:04:05,640 --> 01:04:09,480 the last year, stacking 100 million SAT's one whole Bitcoin 1132 01:04:09,680 --> 01:04:12,720 is an impossible task if you're starting from zero, especially 1133 01:04:12,720 --> 01:04:16,080 as this thing continues to run up, which we expect it to do 1134 01:04:16,080 --> 01:04:18,920 this year in 2025. So what are you to do? 1135 01:04:19,120 --> 01:04:20,920 And this is I think the crazy part. 1136 01:04:20,920 --> 01:04:24,640 Whereas the longer you are in Bitcoin, the more you realize 1137 01:04:24,640 --> 01:04:27,520 that the stack you have currently might be in an 1138 01:04:27,680 --> 01:04:30,040 astronomical amount of wealth moving forward. 1139 01:04:30,280 --> 01:04:32,760 And so Mitchell Harto is putting, you know, speculating 1140 01:04:32,760 --> 01:04:34,160 here. And so what's the new number? 1141 01:04:34,320 --> 01:04:37,280 What number should you try to acquire in Bitcoin if you are 1142 01:04:37,280 --> 01:04:40,480 new to Bitcoin? And he says just .33 Bitcoin or 1143 01:04:40,480 --> 01:04:46,160 33 million sets or 1/3 of a coin At 100K Bitcoin, this is roughly 1144 01:04:46,160 --> 01:04:49,880 $33,000 worth of Bitcoin. And the median net worth for an 1145 01:04:49,880 --> 01:04:53,440 American in their 30s is about $35,000. 1146 01:04:53,440 --> 01:04:56,200 So safe to assume most of that isn't liquid. 1147 01:04:56,480 --> 01:05:00,560 But boldly assuming they have 10K lying around, they can smash 1148 01:05:00,560 --> 01:05:03,600 by and get themselves their first 10 million sats or .1 1149 01:05:03,600 --> 01:05:08,120 Bitcoin or a 10th of a coin. And if they bring in 45 KA year 1150 01:05:08,120 --> 01:05:10,560 after tax and aggressively stacked with half of their 1151 01:05:10,560 --> 01:05:13,680 income, they should be able to call their way to a 33 million 1152 01:05:13,680 --> 01:05:16,720 sats or 1/3 of a Bitcoin over the next few years as the 1153 01:05:16,720 --> 01:05:20,360 Bitcoin price rips higher into the six figure territory. 1154 01:05:20,680 --> 01:05:23,120 Now this is where the interesting stuff happens. 1155 01:05:23,400 --> 01:05:26,040 Let's do some napkin math. There's going to be, you know, 1156 01:05:26,040 --> 01:05:29,640 essentially hard cap 21 million Bitcoin, but when you look at 1157 01:05:29,640 --> 01:05:32,520 how much lost Bitcoin is out there, how much Bitcoin is held 1158 01:05:32,520 --> 01:05:35,520 in strong hands, the mass starts getting crazy. 1159 01:05:35,720 --> 01:05:38,480 So there's a million Bitcoin, which is the Satoshi coins, 1160 01:05:38,680 --> 01:05:42,840 there's roughly about 5 million Bitcoin that are lost and that 1161 01:05:42,840 --> 01:05:45,960 might be a lowball estimate. And then there's 5 million 1162 01:05:45,960 --> 01:05:48,720 Bitcoin that are perma huddled, which is, you know, in strong 1163 01:05:48,720 --> 01:05:50,960 hands. Now you're down to about 10 1164 01:05:50,960 --> 01:05:53,480 million Bitcoin. Now the US government has 1165 01:05:53,480 --> 01:05:56,400 200,000. Maybe it's less now you know, 1166 01:05:56,400 --> 01:05:59,920 China has about, I forget what the number is like 175,000 1167 01:05:59,920 --> 01:06:02,400 Bitcoin. So I expect Trump will pad an 1168 01:06:02,400 --> 01:06:05,920 SBR up to a nice clean 1,000,000, but we'll go with 1169 01:06:05,920 --> 01:06:08,080 this for now. So well, that's still 1170 01:06:08,080 --> 01:06:12,800 speculation, but 500,000 for micro strategy, 1.1 million 1171 01:06:12,800 --> 01:06:15,760 Bitcoin in the ETS and obviously those keep climbing. 1172 01:06:16,000 --> 01:06:20,320 So now we're looking at roughly maybe, you know, 8.2 million 1173 01:06:20,320 --> 01:06:22,400 Bitcoin that are realistically available. 1174 01:06:22,600 --> 01:06:27,320 So for 8 billion people on the earth to compete for 8.2 million 1175 01:06:27,400 --> 01:06:32,400 Bitcoin, that's about .001 Bitcoin, which is 100,000 sets. 1176 01:06:32,400 --> 01:06:35,080 So the math starts going down. You're like, yo, this is getting 1177 01:06:35,080 --> 01:06:37,280 crazy. So having a third of a Bitcoin 1178 01:06:37,280 --> 01:06:41,520 will put you more than 300 times above the average. 1179 01:06:41,720 --> 01:06:44,840 And moreover, if we reach sat down parity in real terms, this 1180 01:06:44,840 --> 01:06:48,160 would be $3.3 million in purchasing power and not for a 1181 01:06:48,160 --> 01:06:51,120 modest retirement. Now, the point is, try to get as 1182 01:06:51,120 --> 01:06:53,560 many sets as possible. But if you're young, if you're a 1183 01:06:53,560 --> 01:06:56,120 new listener, if you're, you know, barely getting into 1184 01:06:56,120 --> 01:06:59,960 Bitcoin, dipping your toes into Bitcoin, maybe 1/3 of a Bitcoin 1185 01:06:59,960 --> 01:07:05,680 is a decent goal for 2025. Now, of course, we highly 1186 01:07:05,680 --> 01:07:09,080 recommend that you just try to stack as much Bitcoin as 1187 01:07:09,080 --> 01:07:10,560 possible. This is the goal. 1188 01:07:10,560 --> 01:07:13,800 I really do think we should strive for excellence here. 1189 01:07:13,800 --> 01:07:17,280 So if you do have the possibility of getting to 1 1190 01:07:17,280 --> 01:07:20,720 Bitcoin, maybe you don't do it all in one year, Maybe that's 1191 01:07:20,720 --> 01:07:23,880 over, you know, a lifetime. Maybe that's in the next bear 1192 01:07:23,880 --> 01:07:25,560 market. Who knows what's going on. 1193 01:07:25,800 --> 01:07:29,840 But while I was kind of thinking about this, obviously if 2025 1194 01:07:29,840 --> 01:07:31,960 people are setting their goals, usually their goals are like go 1195 01:07:31,960 --> 01:07:35,480 to the gym, you know, get fit, which I was trolling Nico about 1196 01:07:35,480 --> 01:07:38,280 earlier, but there should be financial goals right now. 1197 01:07:38,560 --> 01:07:41,120 And I think we all need to set some financial goals. 1198 01:07:41,120 --> 01:07:44,720 And I think if you're new here, 1/3 of a Bitcoin might be it, 1199 01:07:44,760 --> 01:07:46,840 you know, it might be something you can do. 1200 01:07:47,080 --> 01:07:49,960 And again, while I was thinking about this, I was kind of 1201 01:07:49,960 --> 01:07:52,680 inspired by Nikko's story, not the docs, Nikko's story the 1202 01:07:52,680 --> 01:07:54,720 whole time. Nikko's talked about it a lot. 1203 01:07:55,000 --> 01:07:58,840 But in 2016, you know, when Nikko got into Bitcoin, 1204 01:07:59,120 --> 01:08:02,200 basically starting from zero, sleeping on friends, couches, 1205 01:08:02,200 --> 01:08:04,240 doing whatever he can to stack Bitcoin. 1206 01:08:04,480 --> 01:08:08,280 If you're a young buck, you know, maybe under 30, maybe if 1207 01:08:08,280 --> 01:08:10,320 you're hitting thirty, you shouldn't probably do this. 1208 01:08:10,320 --> 01:08:13,960 But like in your mid 20s, maybe you should be doing something 1209 01:08:13,960 --> 01:08:16,319 similar. Like, it might not be glorious 1210 01:08:16,319 --> 01:08:18,720 right now, but like moving in with your parents, living on 1211 01:08:18,720 --> 01:08:22,240 your friend's couch, stacking as much Bitcoin as possible, taking 1212 01:08:22,240 --> 01:08:25,800 on a second job, door Dashing, Uber and whatever you got to do 1213 01:08:26,120 --> 01:08:28,120 right now, it's not the time to take the foot off. 1214 01:08:28,439 --> 01:08:30,160 Yeah, you take your foot off the gas pedal. 1215 01:08:30,160 --> 01:08:33,960 Because even when I got it in 2017, and I'm sure Nico feels 1216 01:08:33,960 --> 01:08:37,240 the same way, like, you know, we, we did as much as we could 1217 01:08:37,240 --> 01:08:40,359 at the moment, but in hindsight, we're still thinking like, man, 1218 01:08:40,600 --> 01:08:42,040 I could have probably gone harder. 1219 01:08:42,359 --> 01:08:44,000 Like I could have definitely gone harder. 1220 01:08:44,240 --> 01:08:48,200 And so for everyone out there, it's really just, you know, this 1221 01:08:48,200 --> 01:08:51,040 is one of those moments where I want you guys to strive for 1222 01:08:51,040 --> 01:08:53,160 excellence. So doesn't matter what your 1223 01:08:53,160 --> 01:08:56,600 holdings are right now, this isn't about, you know, pocket 1224 01:08:56,600 --> 01:08:59,600 watching other Bitcoiners. This is about your personal 1225 01:08:59,600 --> 01:09:02,520 finances. What can you accomplish in 2025 1226 01:09:02,720 --> 01:09:05,000 and where is your stack right now? 1227 01:09:05,000 --> 01:09:07,760 And how much are you willing to sacrifice to live a better life 1228 01:09:07,760 --> 01:09:10,160 in five to 10 years? And I think we should all 1229 01:09:10,160 --> 01:09:13,399 continue to do this even if we do have Bitcoin already, even if 1230 01:09:13,399 --> 01:09:16,720 we have a decent stack and we're OK with our stack, I think we 1231 01:09:16,720 --> 01:09:20,399 should all kind of focus on let's get our cash flow up for 1232 01:09:20,399 --> 01:09:23,000 2025. Let's make sure that the simply 1233 01:09:23,000 --> 01:09:27,040 Bitcoin audience out there is the richest audience period. 1234 01:09:27,240 --> 01:09:30,680 And we are at the peak of excellent, a peak of human 1235 01:09:30,680 --> 01:09:33,680 excellence here. So I don't know, I, I'm going to 1236 01:09:33,680 --> 01:09:36,880 give all of the credit to Mitchell Hoddle shouts out to 1237 01:09:36,880 --> 01:09:38,960 him. I'm kind of just jumping off the 1238 01:09:38,960 --> 01:09:41,080 back of his work. You know, I'm basically stealing 1239 01:09:41,080 --> 01:09:43,399 his work here today. But I was thinking about this 1240 01:09:43,399 --> 01:09:46,319 exact thing and like, OK, it's 2025. 1241 01:09:46,560 --> 01:09:50,080 Maybe maybe, you know, we got to put the put the gas or put your 1242 01:09:50,080 --> 01:09:52,560 foot on the pedal and try to stack as much as possible, get 1243 01:09:52,560 --> 01:09:55,720 our cash flows up. Maybe there's a chance for us to 1244 01:09:55,720 --> 01:09:57,720 acquire more Bitcoin than we thought. 1245 01:09:57,880 --> 01:10:01,720 If we do enter a bear market, you know, if we just do a slow 1246 01:10:01,720 --> 01:10:05,000 grind up forever, then just do what you can. 1247 01:10:05,000 --> 01:10:10,040 But if 2025 is a crazy parabolic year and we do return to maybe 1248 01:10:10,040 --> 01:10:14,160 this level or the mid 6 figures, I just don't want you guys to 1249 01:10:14,160 --> 01:10:15,920 feel like you could have done more. 1250 01:10:15,920 --> 01:10:18,640 This is this is a time like this is a time where you can change 1251 01:10:18,640 --> 01:10:21,480 literally the trajectory of your entire bloodline. 1252 01:10:21,920 --> 01:10:25,200 Take this moment very seriously. This is a very important moment 1253 01:10:25,200 --> 01:10:28,320 in the history of humanity. And you're on the front lines, 1254 01:10:28,320 --> 01:10:30,440 man. Let let's not let's not be, 1255 01:10:30,440 --> 01:10:33,720 let's not be OK with being average here at simply Bitcoin. 1256 01:10:33,920 --> 01:10:36,880 Keep stacking. You know, it's very interesting, 1257 01:10:36,880 --> 01:10:38,720 Nika, and this is where I'll pass it off to you. 1258 01:10:38,720 --> 01:10:42,520 It is so, so interesting. And we always do the how Which 1259 01:10:42,520 --> 01:10:44,480 Bitcoin do you need to retire? 1 You guys yell at us 1260 01:10:44,480 --> 01:10:47,160 constantly, but it is interesting you guys love. 1261 01:10:47,280 --> 01:10:49,000 That episode it gets numbers every time. 1262 01:10:49,320 --> 01:10:51,800 And it's funny how the number just keeps going down. 1263 01:10:51,800 --> 01:10:55,280 Like 6.15 was attainable for a lot of us in 2017. 1264 01:10:55,480 --> 01:10:59,280 One Bitcoin was attainable for a lot of us going up into 2025. 1265 01:10:59,520 --> 01:11:04,440 Now we're seeing 2025 like with 100K Bitcoin. 100K is a lot of 1266 01:11:04,440 --> 01:11:07,080 money for many people, especially when you consider the 1267 01:11:07,440 --> 01:11:09,480 the the average the national average. 1268 01:11:09,480 --> 01:11:12,280 In the US in particular, which is one of the wealthiest nations 1269 01:11:12,360 --> 01:11:15,680 in the world, most people barely have $10,000 saved. 1270 01:11:15,840 --> 01:11:19,320 Most people can barely pay for a $400.00 emergency. 1271 01:11:19,560 --> 01:11:25,200 So savings is how you basically secure and make society more 1272 01:11:25,200 --> 01:11:27,680 prosperous. Guys do not get caught in these 1273 01:11:27,680 --> 01:11:31,000 memes of like oh you're hoarding these bitcoins you're a bad 1274 01:11:31,000 --> 01:11:33,760 person. It's like no savings is how we 1275 01:11:33,760 --> 01:11:36,680 built society. Continue to save, double down on 1276 01:11:36,680 --> 01:11:39,880 your saving, make some sacrifices this year and keep 1277 01:11:39,880 --> 01:11:43,520 stacking. Anyways, I'm done ran I I I feel 1278 01:11:43,520 --> 01:11:46,160 good New Year's. I'm feeling Nico, I told you 1279 01:11:46,160 --> 01:11:48,960 this morning I'm like jacked up this more than usual today and I 1280 01:11:48,960 --> 01:11:52,280 only drink 2 cups of coffee. So I don't know I'm I'm I'm got 1281 01:11:52,280 --> 01:11:55,040 a new supplement regimen. Your boys fired up today, but 1282 01:11:55,200 --> 01:11:58,480 Nico, what's his thoughts? Mitchell Hoddle 33 million stats 1283 01:11:58,480 --> 01:12:02,280 1/3 of a Bitcoin. It seems like our goals here at 1284 01:12:02,480 --> 01:12:05,920 as Stackers are just slowly but surely going down because, hey, 1285 01:12:06,560 --> 01:12:10,040 you know, Jeff Booth meme here. Like as as Bitcoin goes up, the 1286 01:12:10,040 --> 01:12:11,920 world should get cheaper. And if you're living on the 1287 01:12:11,920 --> 01:12:13,840 Bitcoin standard, your life gets cheaper. 1288 01:12:14,080 --> 01:12:16,960 It's such a life hack. It's absolutely incredible. 1289 01:12:18,480 --> 01:12:21,720 Yeah, so I mean, first of all, you absolutely crushed it. 1290 01:12:22,560 --> 01:12:28,840 And you know, I think it's, it's important to, to, it's important 1291 01:12:29,000 --> 01:12:31,240 to kind of zoom out when in doubt, right? 1292 01:12:32,240 --> 01:12:38,000 Like when I got into Bitcoin, you know, I felt like I was 1293 01:12:38,000 --> 01:12:41,440 really late. I think the first coin I got was 1294 01:12:41,440 --> 01:12:46,120 I got $700.00 or something like that, roughly around that area. 1295 01:12:46,120 --> 01:12:49,440 And I was, and I knew people that got Bitcoin was like $100 1296 01:12:49,440 --> 01:12:52,160 or like $10. And I felt like I was super 1297 01:12:52,160 --> 01:12:55,280 late. But at the time I was pretty, I 1298 01:12:55,280 --> 01:13:00,720 was somewhat young. I was like 2320222324 around 1299 01:13:00,720 --> 01:13:05,480 that that age group. And I remember I did everything 1300 01:13:05,480 --> 01:13:10,080 in my power to accumulate as much Bitcoin as humanly 1301 01:13:10,080 --> 01:13:14,160 possible. So like I was putting like 80% 1302 01:13:14,240 --> 01:13:20,200 of my income into Bitcoin and I, I really, really didn't do it 1303 01:13:20,200 --> 01:13:22,800 for revolutionary reasons or whatever. 1304 01:13:22,800 --> 01:13:25,200 I did it because I, I was desperate and I hated my 1305 01:13:25,200 --> 01:13:32,200 situation and I did that for like, or like really, really 1306 01:13:32,200 --> 01:13:36,920 like wake up in sweats, like thinking about, you know, what 1307 01:13:36,920 --> 01:13:39,200 can I do? I was, I was working in real 1308 01:13:39,200 --> 01:13:45,000 estate, you know, I was doing like basically everything in my 1309 01:13:45,080 --> 01:13:52,440 in, in my power to like figure out, you know, how to mine more 1310 01:13:52,440 --> 01:13:54,000 Fiat so I could buy more Bitcoin. 1311 01:13:55,640 --> 01:14:01,840 And, you know, looking back, it was one of the best decisions 1312 01:14:01,840 --> 01:14:03,880 I've ever made in my life financially. 1313 01:14:04,560 --> 01:14:08,680 And you know, I got so much outside pressure at the time. 1314 01:14:08,680 --> 01:14:13,040 It was like, go back to school or like do this job or like work 1315 01:14:13,040 --> 01:14:15,360 the corporate ladder and like all that stuff. 1316 01:14:15,360 --> 01:14:18,800 But I don't know what it was. I just, I just, I was like, 1317 01:14:19,080 --> 01:14:24,320 Bitcoin is my way out, right? And I still think that same 1318 01:14:24,320 --> 01:14:29,720 opportunity exists today. If, you know, if you're a young 1319 01:14:29,720 --> 01:14:32,480 buck, like if you're just starting out, you know, you're 1320 01:14:32,480 --> 01:14:37,360 hungry, you're in your 20s, early 20s, mid 20s. 1321 01:14:37,920 --> 01:14:40,800 And you know, again, this is my 9th year. 1322 01:14:41,560 --> 01:14:44,840 Holy shit. Dude, Boomer confirmed. 1323 01:14:44,880 --> 01:14:46,320 Like. Nine years, dude. 1324 01:14:46,320 --> 01:14:52,640 Like God damn. It's, it's, it's, it's pretty 1325 01:14:52,640 --> 01:14:56,440 crazy, you know, but when I started, I, I was, I was broke. 1326 01:14:56,440 --> 01:14:58,880 Like I, I didn't, you know, like I, I was, I was not in a good 1327 01:14:58,880 --> 01:15:02,600 place. And you know, I just, I just 1328 01:15:02,600 --> 01:15:04,480 kept going. I just put my head down and I 1329 01:15:04,480 --> 01:15:06,280 acquired as much Bitcoin as possible. 1330 01:15:06,600 --> 01:15:08,520 And if we're right about Bitcoin, if you think if this 1331 01:15:08,520 --> 01:15:12,680 thing's going at $10 million per coin, you know, in 21 years, 1332 01:15:12,680 --> 01:15:16,800 like .33 Bitcoin, what Opti is saying, that's three, that's 1333 01:15:16,800 --> 01:15:20,880 $3.3 million, right? It's more money than most people 1334 01:15:20,880 --> 01:15:25,520 will ever acquired in their, in their entirety of their lives. 1335 01:15:26,680 --> 01:15:29,360 So I, I think that's something to keep in mind. 1336 01:15:30,720 --> 01:15:35,560 And you know, I hope that like if you're just getting in, if 1337 01:15:35,560 --> 01:15:38,440 this is your first cycle, perhaps this is your second 1338 01:15:38,440 --> 01:15:41,080 cycle. What I always tell people is it 1339 01:15:41,080 --> 01:15:43,720 takes 2 cycles to succeed in Bitcoin. 1340 01:15:44,920 --> 01:15:49,440 And the reason I say that is because like the first cycle, 1341 01:15:49,440 --> 01:15:52,120 you're probably going to get wrecked, like more than likely. 1342 01:15:53,760 --> 01:15:57,080 And then the second, but at the end of the first cycle, so like 1343 01:15:57,080 --> 01:15:58,720 four years, you're going to realize you made a good 1344 01:15:58,720 --> 01:16:02,920 decision. And then the second cycle, full 1345 01:16:02,920 --> 01:16:07,040 cycle, you're going to be relatively wealthier compared to 1346 01:16:07,040 --> 01:16:10,720 the people around you, compared to where they're started, 1347 01:16:10,720 --> 01:16:12,440 because remember, they're on a Fiat standard. 1348 01:16:13,080 --> 01:16:15,560 And 3rd cycle, I don't know. I haven't, I'm not there yet. 1349 01:16:15,560 --> 01:16:16,920 So I'll let you know how that ends up. 1350 01:16:17,240 --> 01:16:22,800 But yeah, like that's the advice that I give to people is like 1351 01:16:23,040 --> 01:16:26,240 plan for the long term. It takes 2 cycles in Bitcoin to 1352 01:16:26,240 --> 01:16:31,120 really break free, to really be in a better financial situation 1353 01:16:31,120 --> 01:16:34,680 compared to where you started. You don't need tons of capital, 1354 01:16:34,880 --> 01:16:38,280 you don't need whatever. You just need to work hard and 1355 01:16:38,280 --> 01:16:41,560 save in Bitcoin. Like that extra dinner or that 1356 01:16:41,560 --> 01:16:46,800 extra trip could just like you don't need it, like just just 1357 01:16:46,800 --> 01:16:52,600 put your head down, work saving Bitcoin and you know, things 1358 01:16:52,600 --> 01:16:54,360 just get progressively better over time. 1359 01:16:54,560 --> 01:16:56,280 But it's not a get rich quick scheme. 1360 01:16:57,280 --> 01:17:00,640 It's not going to make you absurdly wealthy overnight or 1361 01:17:00,640 --> 01:17:03,400 like whatever. That's why the all coins have so 1362 01:17:03,400 --> 01:17:05,160 much appeal because of their volatility. 1363 01:17:05,480 --> 01:17:11,480 But it's like it's a very sure bet to live a very prosperous 1364 01:17:11,480 --> 01:17:16,160 life if you have like kind of like long term thinking, right? 1365 01:17:17,240 --> 01:17:19,040 So yeah, that's what I would say. 1366 01:17:19,040 --> 01:17:23,160 Like Bitcoin is hope. And if you are older, you've 1367 01:17:23,160 --> 01:17:25,720 probably had more time to accumulate wealth. 1368 01:17:26,240 --> 01:17:30,640 So it's not so much a matter of building from zero, but it's a 1369 01:17:30,640 --> 01:17:35,600 matter of reallocating your wealth to Bitcoin because more 1370 01:17:35,600 --> 01:17:39,520 than likely Bitcoin is going to outperform any other investment 1371 01:17:39,520 --> 01:17:43,120 vehicle, investment asset, maybe except for MicroStrategy. 1372 01:17:44,480 --> 01:17:53,360 No Buy Bitcoin, stop being. So, yeah, that's my advice. 1373 01:17:55,160 --> 01:17:58,680 That's my advice. And you know, I, I'm very 1374 01:17:58,680 --> 01:18:04,640 confident, very confident that, you know, very confident that if 1375 01:18:04,640 --> 01:18:07,640 you're starting now, you're a young person or you're older 1376 01:18:07,640 --> 01:18:11,040 person, you have wealth, you start saving a Bitcoin, 1377 01:18:11,360 --> 01:18:13,480 reallocating those resources to Bitcoin. 1378 01:18:13,520 --> 01:18:16,200 You start now. In four years, you're going to 1379 01:18:16,200 --> 01:18:19,040 call me or you're going to text me and you're going to be like, 1380 01:18:19,040 --> 01:18:21,880 dude, great. I that was fabulous. 1381 01:18:22,040 --> 01:18:24,560 And eight years, you're going to be like, Nico, you're a genius. 1382 01:18:24,560 --> 01:18:27,240 And I'm going to say, no, I'm not a genius. 1383 01:18:27,240 --> 01:18:29,680 I just you, just you, just this bitcoins. 1384 01:18:29,680 --> 01:18:32,920 That's what Bitcoin does. Anyways, guys, if you guys 1385 01:18:32,920 --> 01:18:40,440 enjoyed the show, make sure to make sure to smash that like 1386 01:18:40,440 --> 01:18:44,200 button Subscribe if you feel like we provided you value. 1387 01:18:44,400 --> 01:18:49,120 And of course, we'll be back tomorrow for a brand new episode 1388 01:18:49,160 --> 01:18:52,160 of Simply Bitcoin Live. Opti's going to be in the host 1389 01:18:52,160 --> 01:18:55,080 seat with Chris Alamo tomorrow. So you guys are going to enjoy 1390 01:18:55,080 --> 01:18:57,520 the show. I'll see you guys on Monday. 1391 01:18:57,560 --> 01:19:00,320 Love you all. I'll see you guys on the next 1392 01:19:00,320 --> 01:19:03,680 episode of SBL. Peace out, everybody. 1393 01:19:04,760 --> 01:19:08,000 Today's episode was brought to you by bitcoinwell.com, a 1394 01:19:08,000 --> 01:19:11,120 Bitcoin only platform on a mission to enable financial 1395 01:19:11,120 --> 01:19:11,960 independence.