Yo, did the US just dump 69,000 Bitcoin 11 days before Trump
takes over office in the US, the DOJ has officially announced
allowed the release of 69,000 Bitcoin, which equates to $6.5
billion. Don't you think the timing of
this is really coincidence? Really a really really big
coincidence literally weeks before trump takes office.
We all know how the incoming trump administration feels about
Bitcoin Donald Trump's son Eric Trump historic speech Bitcoin
Mina Trump appointing pro Bitcoin positions all over his
cabinet. There's a lot of rumors and
speculation that what we want to shed on light today.
So let's get right into explaining what really happened
on today's show. I'm going to bring up my
legendary Co host, my optimist fields, who's in the Co host
seat today anyways, just jump straight into it, man.
This was on purpose Opti. Let's just let's just let's just
take away all doubt. This was on purpose.
This was to sabotage the incoming administration.
We know their plans for a strategic Bitcoin reserve.
We saw the pictures of Michael Saylor at Mar a Lago talking
with Eric Trump. I'm sure that Michael Saylor met
with the president. Of course, you have Sachs coming
in. You have Howard Lupnik, who was
just on Anthony Pompliano's podcast talking about buying 10s
of millions of dollars worth of Bitcoin, buying hundreds of
millions of dollars worth of Bitcoin.
He just got appointed head of commerce.
I mean like obviously and. Densler and Gensler.
'S leaving and Gensler's leaving and then you guys remember the
last three and remember the last four years like our industry was
attack which essentially forced our industry to you know get
into the political discussion right.
So this is 100% no no doubt in my mind an attempt to sabotage
this whole Bitcoin strategic Bitcoin reserve thing in the
United States. Anyways, here's an article.
The article is from Decrypt U.S. court green light sale of $6.5
billion in seized Silk Road Bitcoin the US government has
secured final approval in the Northern District of California
to liquidate crypto's largest ever federal seizure, signaling
the closure of a complex 4 year legal battle over billions in
Bitcoin tied to the infamous Silk Road marketplace.
Chief U.S. District Judge Richard Seberg
denied a motion to block the forfeiture of 69,370 Bitcoin,
clearing the Department of Justice to sell the $6.5 billion
in assets, according to a court document filed December 30th.
A couple thoughts here. Same as the thing with Germany.
Germany sold 50,000 or roughly $50,000 fifty 50,000 Bitcoin
when Bitcoin was at like 60 or 70K.
They got absolutely wrecked. And the thing that like really
interests me the most is they're selling something that has
absolute scarcity. They just can't create more of
it for something they can create out of thin air.
That makes no sense whatsoever. But I don't think it's supposed
to make sense. It they have to continue the
system, they have to legitimize the system.
And the best way to legitimize the system is say, you know
what, this Bitcoin thing is worthless.
We have to sell it for this Fiat because the Fiat is what
actually matters, right? Or at least that's what they're
trying to signal. I also think that it's quite a
coincidence that again, you know, this is the year after the
halving, which in a historical context tends to be the best
year for Bitcoin. The year after the halving is
the year of the parabolas. And just like the bull market of
2021 when the Chinese Communist Party banned Bitcoin mining, I
believe it cut the last bull market short.
Isn't it a coincidence that again, the Biden administration,
you know, are like 11 days until they're out of office, out of
power, is trying to sabotage 1 of Trump's, you know, key
running points Like it's, it's just, it's, it's ludicrous.
It's absolutely hilarious. And look, whoever thought
because we got a lot of crap for it, it's simply Bitcoin when we
decided to essentially say, you know what, it's probably a good
idea idea that Trump wins because his party's taking a pro
Bitcoin stance. His administration is taking a
pro Bitcoin stance as well. I, I, we didn't get into the
other political issues because that's not this type, That's not
that type of show. But I mean, like, like, it would
have been terrible. I think if, if this current
administration got more, it got more years in office, I think, I
think our industry would have been in real, real trouble.
And I think this is a great, it is great evidence of that,
right? It goes on to say Judge C Borg
is known for high profile cases. He recently rejected arguments
that Google under Alphabet adequately disclosed how attract
user activity. The tech giant now faces a
possible trial in August. It's unclear while the document
relating to the seas Bitcoin has surfaced this week.
I mean, total coincidence. Again, all of this is
coincidences, You know, none of this is, is, is is.
None of this is by chance. You know, none of this is on
purpose. It's just, it's all coincidence.
You know, like the 30% Bitcoin mining tax, you know, operation
choke point 2.0, you know the the articles that were released
by the legacy media basically saying that Bitcoin was used for
money laundering, even though we know that the vast majority of
illicit finance is done within the traditional financial
system. All of that is a coincidence.
Of course, you know it's all coincidence.
It goes on to say the development confirms prior
reporting in October last year when it appeared the US
government was free to sell the seas Bitcoin from a Silk Road
affiliated wallet. Now, again, I don't know if you
guys remember, but one of the key talking points that Trump
said in his historic keynote at the Nashville Bitcoin conference
is that he promised that if he were to get elected, he was
still running for office at the point at that at that point, he
wouldn't sell any Bitcoin that the US government had, right?
So again, 11 days before he's being sworn in, sworn in, the
DOJ just happens to drop this massive bombshell.
Like, come on now, come on. Anyways, here is Joe Burnett,
great content creator. I believe he's with the company
Unchained. And here's British auto.
I recently just recorded a, a a podcast with British auto by the
way, that should be dropping in about a week or so.
British Auto says we have people selling Bitcoin and we're on the
verge of 20 strategic Bitcoin reserves after USA hits the go
button. It's truly remarkable how frail
people's can't say that we are quite possibly one domino away
from hyper bitcoinization. The reason that I wanted to
bring that up again, I think they're trying to stop the
momentum. There's really no other
explanation for that, right? We know how we know how Gary
Gensler feels about Bitcoin. We know how the current DOJ and
the Treasury Department feel about the industry.
We know how much pressure they put on banks to essentially
isolate them from the traditional financial system.
There's leaked documents that have come out that have
literally shown that there is pressure from the government
being put on banks to essentially not allow not bank
the the crypto and Bitcoin industry, which of course forced
our industry to become part of the donor class in Washington.
DCI don't think we would have done so if we weren't forced to
do so. So, you know, it's funny how all
this works, you know, vengeful until the very moment they leave
office, which is just, you know, it's fitting.
I'm glad we're turning the page. I really hope that over the next
two to four years, Bitcoin adoption in the United States
accelerates to a point where it becomes a non partisan issue.
Because the last thing that I want to happen is whether
there's a certain political party in office.
It's good for Bitcoin, and if there's another political party
in office, it's bad for Bitcoin. And then it just becomes this
pendulum. I think that would be terrible
for the industry. I think Bitcoin is for everyone.
It doesn't matter what your ideological beliefs are, you
know, if you're on the right, you know, protects your
sovereignty. It protects, you know, your
ability to, you know, move freely with your wealth if
you're on the left. It's the most inclusive,
equitable money the world has ever seen.
It protects the lower middle classes from the ravages of
inflation. Like, I mean like it it it this
is not a partisan issue. So I hope that over the next two
to four years, people like Elizabeth Warren can't run on
the platform of I'm building an anti crypto army because the
fact is, is that Bitcoin is for everyone.
I think the people that stand the most to lose from Bitcoin
are politicians that have taken advantage of the money printer.
I think it I think it boils down to that.
So I think, you know, this is this is a very slimy move.
I think that this could have definitely played into the
recent price volatility that we had in Bitcoin, especially to
the downside. We fell from like 100,100 and
2000 to 92,000 or 91,000. So yeah, I mean, this is this is
kind of snaky. This is kind of slimy Opti, I'm
not going to lie. Like right, right until the way
out. They're just like, you know
what, they just flipped everyone off and they're like, you know,
we're we're we're not going to just give over the keys.
You know, we're going to fight all the way.
We're going to fight all the way to the very end.
And some there's some rumors also that they they've
apparently already sold that Bitcoin.
So I don't know if that's true, but I mean, that could explain
why we still haven't started pumping yet.
Optia, what's your take? Yeah, Well, you know, jumping
off that last point, I did just see Arkham Intelligence
essentially drop a meme that says like they're saying the US
government has sold that Bitcoin.
It's but if you look on chain, it's allegedly still there
though there are a lot of rumors going on right now that
essentially that Bitcoin has already been sold, which I think
would kind of explain the the reason why the price is coming
back down to 93 K right now. And so you know these are all
rumors and speculations right now.
Obviously, I think everyone's watching this.
This is a huge news story as far as I'm concerned, though, I
think the really big tell here is that this announcement came
out December 30th. Maybe it's because it was the
New Year's and it kind of got swept under the rug, you know,
giving them kind of the benefit of the doubt.
The interesting part is why is it coming out now?
Obviously, 11 days before Trump gets into office, we're hearing
this news come out and it really does feel like the final, you
know, F you from the Biden administration to the American
people, when in reality it's like it, it is the best course
of action here to be stacking Bitcoin for.
I would argue America in general, though, kind of a
pulling back. I, I was talking with Shao Nico,
you know, our boy out there. So shouts out the Sao.
I know he listens on the podcast every day.
And I, I have been kind of becoming a little more
conflicted on this Bitcoin SPR news, considering how they got
that Bitcoin. You know, most of that Bitcoin
is from the Silk Road confiscation here.
So, you know, first they steal it and then they sell it.
Like what's new? Same story as we've been hearing
before and then kind of going further, like as much as I do
want an SPR, the the technicalities of rolling over
the Silk Road Bitcoin into the strategic Bitcoin reserve and
the US government kind of profiting off of it.
It does make me feel a little icky here.
But you know, if the US government does sell that
Bitcoin, this might be the best news for 2025.
It's like, hey, they sell that 200,000 Bitcoin, they get a
discount for the price and then they have to buy Bitcoin back.
You know, if Trump comes in, they have to buy all that
Bitcoin back essentially on spot markets, which means that's a
lot of buying pressure. That sounds like numbers going
to go up. So I don't know.
It is very interesting to watch. And I think, you know, obviously
we don't want to get into speculations.
We don't want to turn into simply TMZ here, but the rumors
about them actually selling all that Bitcoin is very
interesting. As far as I'm I'm thinking it's
like that is an interesting story.
Of course, it's all speculation here, but it would kind of line
up with a lot of things we've seen come out of the Biden
administration. We've known and a lot of the
people, the talking heads on the left have acknowledged the fact
that fighting the Bitcoin or quote UN quote crypto industry
was a really bad move. And they had to kind of keep the
public optics out there that oh, wait, we're not actually
fighting you. And so I think it would be a
huge news story if we come to find out that actually they've
sold all of that Bitcoin and all of that pandering we saw from
Kamala about, hey, we're pro Bitcoin here.
You know, we're not trying to fight the industry anymore.
Like would we be surprised? No, but I think that would be a
huge revelation for a lot of people where publicly they're
saying, oh, we're going to embrace the Bitcoin industry and
then privately they're selling all of this Bitcoin on the back
end. So I think that would also be an
incredibly huge news story. But the fact that the DOJ is
approving the sell of this Bitcoin, on the one hand, it's,
it's, it sounds like a, you know, old story here, you know,
new, new boss, same story. But I don't know, I'm kind of
feeling OK with the US government having to buy Bitcoin
on the spot market. They have to get Bitcoin like
everyone else. You have to buy it.
So hey, I don't know, I'm a little conflicted here cuz like,
I don't want them to, to transfer all that stolen Silk
Road Bitcoin into a way to pay off their national debt.
But I'm also like, you know, I guess cheap shats for us, we get
it on discount. Is this just a classic fun
playbook where, you know, they're trying to keep the price
under 100K, sell all of that Bitcoin, you know, give a big
middle finger to the Trump administration if they do pull
the trigger on the SBR. So man, it's it's very
interesting. 2025 looking like a crazy year already. 100% And
another thing too, like you have to understand the symbolism
here, right? The symbolism is basically
saying, you know, Trump got a mandate from the American
people. If anyone's not worst like well
versed in American politics, the Republican Party usually never
wins the popular vote. Trump won the popular vote.
He won the House and he won the Senate.
And essentially, even though that was a clear message from
the American people that refuted Biden's policies up until the
very last moment, he's basically saying, I don't care what you
guys think, I'm going to do this anyways.
And I'll tell you what the probability of this SBR
executive order going through just went up by 5 because if you
think this is going to stop Trump, you know, from getting an
SPR in just because they're they're dumping Bitcoin right
before he goes into office. I mean, this isn't bolding in
bolding him more than anything. He just went on TV yesterday and
said he's going to rename the Gulf of Mexico to Gulf of
America. He just said he was going to buy
Greenland and he's calling Canada the 51st state.
Do you think this is going to stop, you know, the plans that
he had, it's going to embolden him more than anything.
And another thing also, if you guys are not well versed in
American politics, this is his second term.
He doesn't need to run in for office again.
And what tends to happen, and what tends to happen with
America, with American presidents on their second term,
is that they they they go a little bit, they go a little bit
harder in the pain because they realize, like, this is my last.
Like this is my last. I can't run for president
anymore, right? So, yeah, I mean, I think this
is going to backfire. We're going to confirm if this
is real news. I think this so-called, you
know, release of this news was symbolic.
I think it was on purpose and I think it was an attempt to
sabotage this momentum that the Bitcoin movement is picking up,
specifically with the donor class, specifically in
Washington, DC. It's entrenching itself within
the traditional financial system, whether that's Michael
Saylor, Larry Fink, of course, the official Republican Party
platform. Yeah, I mean, it's crazy.
And this also tells me two guys that we're winning because they
wouldn't want, they wouldn't have to do this unless they
feared it, right. But what is it that they fear?
I think I know what it is they fear.
I think it is that. Look, if Bitcoin proves to be a
superior store of value, if Bitcoin proves to be a solution
to a lot of the governments, you know, financial problems, I
mean, I think that puts a lot of people out of a job.
I think that that that that gets a lot of people asking questions
about the Fiat money printer. I think that gets a lot of
people asking questions about the current system, which a lot
of these politicians in Washington, DC benefit from.
So I think that's really what it's about.
But I think that this is just another example of US winning
because they wouldn't do this if we weren't winning.
So anyways, we'll see what happens we'll stay on top of it.
We'll have an update for you guys.
He's gonna buy if even if they sell this 69th out, which I
think the number is hilarious. If even if they sell this 69,
even if they sell this $69,000 Bitcoin, I think Trump's just
going to buy it, buy it back up my.
Opinion yeah, yeah, Nico on on that last point.
I I think that's a that's a huge point to kind of stress here is,
you know, the fact that they are so concerned with Bitcoin right
now just goes to show that they understand the stakes at hand.
And we've been saying that for a long time that like the people
in power aren't naive or stupid. They understand what is going
on. And they as as we've shown last
year with Operation Choke .2 point O and all the stuff that
came out, they have actively tried to stop the adoption of
Bitcoin. And I think this might be, you
know, one last attempt to kind of add more FUD into the the
Bitcoin space and, and scare away normies from buying
Bitcoin. So obviously it's going to
backfire. But I think it's very important
to remember, like Bitcoin is an important movement right now and
more people holding Bitcoin really kind of, you know,
dismantles all the power going on right now.
And things are changing. You know, the times are changing
right now and you guys are on the front lines, every single
one of you guys that are holding Bitcoin hanging out in the chat
and just us talking about this. It's not just about Nico and I
talking about this, it's about everyone in the chat having
these conversations with your friends and.
Family and who knows how big this movement can get if we are
all communicating this final message.
It's like look, they're actively working against you and here's
all the data for it hit people in their fields and I I think I
think we really are winning really hard, you know, being
unburdened. What was it?
Unburdened by what has been or whatever.
Whatever it was, anyways. Anyways, let's go, let's go.
Yeah, absolutely. Guys, if you guys are enjoying
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We have tons to talk about. Let's check it out.
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At the time of recording, the Bitcoin price is 92,370 block
height 870 878,509 sats per dollar 1083 market cap 1.83
trillion Bitcoin versus Gold Market cap 9.84% Percentage
issued 94.32% Decline from all time high -14.7% realized
monetary inflation 1.09%. The grand scheme of things, we
are just getting started now. Some very, some very interesting
things. Also shout out to Danny for
taking over the What Bitcoin Did podcast from Peter McCormack.
Shout out to Peter McCormack. I believe he he's he's
continuing his podcast. He changed it to the Peter
McCormack show. The best of luck to him.
Great content creator. But congratulations to Danny for
taking over the What Bitcoin Did podcast, a very popular podcast
in Bitcoin. Seems like he had Odell on
recently. And Odell was talking about
essentially how if Bitcoin were to perform similarly to the 2016
cycle, the the price would trade near $2,000,000 per coin.
Now a couple things here before I play you guys.
The clip, it's about a 2 1/2 minute clip, but one of the
things that I've been saying. For a while.
Now is we as a community have forgotten what a blow off type
blow off top cycle feels like. The last time we've had one was
in 20/17/2017. That's a long effing time from
now. That's that was a long time ago.
That was eight years ago. Oh my God I've been doing this
for almost a decade. We don't even know what a blow
off top feels like. 2021 was like it was a let down it we
didn't. OK so the reason I'm saying this
is we all have PTSD. We don't know what that feels
like. The reason that I'm saying all
of this is because we don't, because we don't know what that
feels like. No one's expecting it.
So what I'm seeing, the general consensus for this cycle, like
the general consensus for last cycle was 100K guaranteed.
That was guaranteed last cycle never happened.
The general consensus this cycle is 120 KA, 150K200K.
That's it. Wrap it up law of big numbers.
It's over. But what I'm seeing is you know
what the return of Bitcoin was in 2016?
It was like 130%. You know what the return of
Bitcoin was in twenty 24130%. You get where I'm going with
this. So you know what the return was
in 2017 it like 20X like 2000%. So I'm not saying it's going to
do the same. I'm not saying that, but but if
it did 20X times, 100,000 is $2,000,000.
I'm not saying that's going to happen.
I'd be happy with the 5X. That would be incredible.
But anyways, I'll play you guys a clip from Odell and then me
and Opti will talk about it. Let's check it out.
If if you're going to say super cycle, right, we have 3 cycles
that we can compare against. We have the 2012 cycle, the 2016
cycle and the 2020 cycle. Now the 2020 cycle I think was
artificially suppressed and broken because of FTX, Celsius,
Grayscale, Barry Silbert, all the different paper Bitcoin
games that were played out and then blew up.
So it didn't go as high as it would and went lower than it
would have in the bear. So if you go and then you
compare it to the 2016 having cycle, right?
And why are there cycles there cycles because every four years
on average bitcoins has this pre planned supply shock.
But because people are retarded, it's not priced in.
At some point you'd expect all future having to be priced in,
but we're still far away from that.
So if you compare it to the 2016 cycle, if it was, if it was
exactly the same top and bottom of the 2016 cycle, you're
talking roughly 2 million Bitcoin top, 400,000 Bitcoin
bottom. Now I think like some people
without thinking about the math would be like, Oh my God, that's
a super cycle. That's insane.
Like how do we pump that much? No, that's just doing what we
did in 2016. So I think you'd have to see
four to be definitionally considered a super cycle.
You'd have to see a blow past $2,000,000.
I don't think there's many people that are calling for that
right now. I would love to see that.
I'd be cool with seeing that. But I, what I expect here is
we'll see a slightly amplified traditional cycle because of
nation state FOMO, because of ETFs, because of all this new
money that has been unlocked. We will see a cycle that
probably would have been amplified if you didn't factor
in that new demand compared compared to not factoring that
new demand. But I still expect at some point
an 80% drawdown where everyone gets wrecked.
And when that'll happen, I don't know when that'll happen.
It'll happen when we're all incredibly bullish and we think
it's not going to happen. And the important, the important
contrast, I think with gold is like gold is, you know, bowling
with bumpers, like there's a circuit Breakers, like it's a
completely controlled market. Like Bitcoin is a, is the
closest thing to a free market humanities ever seen.
And humans are inherently volatile.
And we panic and we do all this crazy shit.
We do degenerate shit. All the suits are going to do
crazy degenerate stuff that we can't even imagine.
Like we're already seeing the early innings of it.
Vivek is launching an ETF that buys Bitcoin bonds.
The bonds that are then lent went to micro size.
Micro size you can buy Bitcoin, while Bitwise is making an ETF
that buys the Bitcoin company buys the companies that buys the
Bitcoin. And they're going to do all this
different stuff on top of all that stuff and collect fees and
everything. So the degeneracy is going to be
ridiculous. There's no circuit Breakers,
people will panic and we'll probably have another 80%
drawdown at some point. And I would say that would also
break the definition of super cycle, which is like a we
wouldn't have like a traditional bear market ish type of
scenario. If you, by the way, if you know
how to read between Matt's lines, that sounded a lot to me,
like he was calling for a $3,000,000 Bitcoin price, you
know? No price predictions.
Dude, everyone can't help themselves but but to talk about
it. But I mean, I agree.
I agree with Matt 100%. I think, you know, Bitcoin tends
to do the exact opposite of what everyone expects.
Everyone, I think is expecting it to the downside.
You know, we're already 10 days into the year and let's just say
like, I'm not that happy. You know, it's been pretty lame.
I think we broke 100K once already.
But yeah, I mean, I think his reasoning behind it was was on
point. I mean, look, you have nation
state FOMO. You have institutional FOMO, you
have the right the positive regulatory environment with the
Trump administration coming in. You see how the current
administration is so scared of that and they're trying to
sabotage it with the trying to sell $69,000 Sixty 9000 Bitcoin,
right, 11 days before Trump goes into office.
I mean, yeah, you, you have a, a perfect situation for an
explosive blow off top scenario. And again, we have not
experienced one since 2017. So it's been a very, very long
time. And because we have not
experienced one since 2017, I think people forgot or forget
what that truly feels like. So I'm very excited for it Now
in regards to the 80% correction, Bitcoins done this
so many times. But one of the things that I
think a lot of us agree on, we all have different reasons as to
why we believe 2020 and 2021 didn't perform the way it did.
But it seems like the general consensus in the community was
that that specific cycle was a let down.
That specific cycle didn't perform the way that we all
expected it to perform. And I think that this cycle, it
looks like its current trajectory, looks like it's
going to be amazing. And again, because it hasn't
happened for so long, I think not that many people are
expecting it. Like not that people, not that
many people remember what that feels like, nor are they
expecting it. And you have the right
properties in place, the right environment in place on the
regulatory level, on a nation state level for it to be
absolutely explosive. So I do agree with Odell there.
Now, will we hit $2,000,000 per coin?
I mean, that sounds absurd. But if I told you in January of
2017 when the price of Bitcoin just broke 1000, that at the end
of the year it was going to be at $20,000, you would have given
me the same response. You would have been like, you're
crazy. That's that's absurd.
So I don't know where bitcoins going to end up at the end of
the year, but like look a 5X from the top or a 3X from the
top IS300 thousand $500,000 Bitcoin that that's not a lot in
Bitcoin terms. And everyone has to remember on
a historic in a historic sense, Bitcoin tends to perform the
best the year after the halving and that year is this year.
That year is 2025. Opti straight up your alley,
bro. Hopium straight in the morning
coming from Odell himself. Odell tends to be, you know,
very reserved when it comes to price speculation and all that
stuff, but I think his logic is very sound and how he got to
those conclusions. What do you think?
Yeah, well, first of all, shouts out to American Huddle because I
also was reading between the lines and it does sound like
Odell was saying $3,000,000 Bitcoin.
No, that's yeah, man, I I'm the reigning bullet hard on the
show. And I've been saying something
very similar as Matt Odell for I don't even know, probably the
majority of last year. And we, you know, we dove into
all of what we thought were the reasons, whether it was the
China mining ban, whether it was like what Odell was saying with,
you know, FTX, Celsius block file, all of that fake Bitcoin
paper, Bitcoin being sold, which was artificially suppressing the
price. And This is why we probably had
a lack lackluster bull run in 2021.
And I've been saying for again for a long time that it, to me,
it feels like we are going to get like a double pent up demand
now with this next bull run and potentially this year.
And, and you know, as much as I do like the Super cycle meme,
I'm still kind of like I did. I don't think we're there yet.
But if what Odell is saying does play out, you know, we go to
something ridiculous like $2,000,000 per coin for a split
second. And then the bear market comes
down to like whatever, 400K or something per coin, whatever the
mass is. Like I am OK with that cycle
playing out. And it really is licking in the
past just a normal Bitcoin cycle.
And so I'm also kind of in the camp that I think the the having
cycles are still in play. And I think we are going to see
an incredible blow off top, especially considering all of
the demand that we're seeing. 2024 was a foundational year
where institutional capital is able to come into Bitcoin now
with everything. And we're going to cover some of
this stuff right now in the in the news segment.
With all the new ruling and regulation that is potentially
on the horizon and already in place, it does seem like we're
going to get a lot of capital, get injected into the Bitcoin
market just itself. And to me, that just means, you
know, we'll probably get like a double blow off top, which may
be the price is going to run to an extraordinary price here.
And, you know, as a Bitcoiner, you forget how it feels to see
the Bitcoin price run. And Mike Odell was saying when
the price does start running and you start to, you know,
essentially price your net worth in like yachts and houses and
supercars, that's when you know the blow off top is coming.
And when you see the price start going to crazy levels, it really
does feel like it's never coming back down.
And we haven't felt that in a long time in Bitcoin and with
everything playing out, whether it's institutional capital.
Should we pull it up Opti? Should we pull up the psychology
of Wall Street? I mean, you can, yeah, pull it
up while I'll rent a little more because I do.
I do want to hit one more point, but yeah, once the price starts
running and you you're in Bitcoin, like every morning is
like Christmas morning and you see the price just keep running
and you're like, yo, this is absolutely insane.
And seeing your net worth, you know, double and triple and like
you get more, you know, more in a day than people make in a
year. Like it starts to literally blow
your mind and your psychology starts you, you really start to
get rewired and like, this is absolutely insane.
Now the second part before you pull up the chart, Nico, that I
also want to touch on is what Odell was saying in the end.
Like I know a lot of Bitcoiners are saying that the shit coin,
what's it shit coin season or whatever they want to call it,
like it's never going to happen again.
I think we're going to see a whole new level of it.
Like Odell was saying, we're seeing, you know, Wall Street
come into Bitcoin and the stuff about the vague and the Bitcoin
bonds and what was it Bitwise? I think buying, you know,
Bitcoin standard treasury fund or whatever that whatever it was
that were that they did like it's gonna compound and Wall
Street is gonna continue to play dumb Wall Street games to
essentially try to acquire as many fees as possible.
And I think we're entering in a new round of shit coiner, though
it might be on top of Bitcoin and it's going to obviously be
using paper mechanism, traditional financial, you know,
accounting to to pump these bags.
And so yes, maybe this shit coin space might not be as pumpy as
it used to be, but I think we're going to see a whole new round
from Wall Street because Wall Street can't help themselves.
And it's going to be very glorious to see Wall Street get
absolutely wrecked trying to play these games with Bitcoin.
And like that's going to be the tears that I'm going to be most
excited for. Really kind of, you know,
latching on to what our boy Nolan says all the time on his
old show, the breakup. He just, you know, shouts out to
Nolan. He just spun up a new which I'm
super hyped to watch. Bitcoin is going to
fundamentally break Wall Street and we're going to, in the next
5-10 years in the Bitcoin industry or rather the Bitcoin
network itself, prove that the people at Wall Street aren't the
smartest people in the room and they're going to continue to do
their degeneracy. They're going to get wrecked.
There isn't going to be circuit Breakers to save them.
So we might need one final flush here and it's going to be with
Wall Street. So, you know, I wouldn't be
holding shit coins. Obviously, this is simply
Bitcoin, but we know that Wall Street's going to be playing
some really degenerate games and they can't help themselves.
And part of that means that they're going to get wrecked.
And you know when the water. Seeds, when the tide goes back,
we're going to see who isn't wearing pants here and all of us
humble bit corners just stacking, you know, staving,
staying solvent, acquiring as much Bitcoin, playing the
accumulation games like we're the ones that are going to win
while everyone gets crazy. So back to what I was saying.
When you start pricing your net worth and all this crazy Fiat
games, that's when you know you should be staying humble and
stacking as much Bitcoin as possible because that's when
you're most likely to get wrecked.
So I don't think we're out of the woods yet.
It's going to be a crazy 5 to 10 years.
I think this is going to be a multi decade generational thing.
But hey, we're in it for the long run.
Just stay humble, stack sad, stay solvent.
This is how we win. Absolutely I think that's a
really, really good point. I also, I dropped a poll guys in
the YouTube chat right now and I want to pull this up so we can
talk about it. So guys, at the end of the day,
you know, we, we look markets. It's a it's psychology, right?
It's psychology and it's just the way it is and you feel it.
You feel this, you know, at the tops, you feel this at the
bottoms, you feel the full despair.
Let me know where you guys think we are.
I I, I dropped it. I said, where are we in the
Bitcoin cycle? Are we at disbelief?
Are we at hope? Are we at optimism?
Are we belief? And I pull up the chart so it
shows you kind of, you know, where everything is, right?
There's capitulation, there's anger, there's depression,
right? And and again, if you've been in
Bitcoin long enough, you have felt every single one of these
emotions, right? It's all part of it.
But I'll tell you what I do not I opti.
Let me ask you, like, do you feel belief?
Have you felt belief? Belief yet?
I have not felt belief yet. No.
Optimism. Kind of.
I think we're in the like hope
and we're about to hit the optimism like it this.
It really feels like we're at the but.
It's a point where it's like it's a finicky hope.
Yeah, it's I'm. Starting to feel the like I I've
yet to see, especially since we haven't broken past 100 Ki have
yet to feel the like this rally's real moment.
And so I think we're like, you know, at that consolidation
before the optimism pump. So yeah, I I would say that's
where we're at. It's it's like a finicky hope.
Let us know in the in the live chat guys what you think right
now, 57 of you guys, 58 of you guys voted the vast majority.
No, not the vast majority. It's tied between 34% of people
think it's hope, 37% of people think it's optimism.
So it seems like they agree with us, Opti.
It's between the hope and optimism stage is where a lot of
people think we are. I don't think we're even close
to belief. We're not close to thrill.
I haven't felt euphoria. I'm I'm basically dead inside
metaphorically. I haven't felt that like in a
very, very long time, at least since 2021 and it was cut short.
2021 was a was a big let down. So anyways, let us know in the
chat where you guys believe we're at.
But guys, we're going to hit the news.
We have tons to talk about today, specifically the news
Standard Charter debuts crypto services in Europe with new
license and they talk about offering custody.
Now, if you guys don't remember, one of the things that Michael
Saylor said needed to happen in order for Bitcoin to hit
$5,000,000 per coin was for banks to be able to custody
Bitcoin. So it seems like that's moving
ahead, full steam ahead. So we're going to cover that
news. We'll be right back.
We're going to hit the news. I want to give a very special
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Anyways, I have a special treat for you guys other than Opti.
I have a video, and essentially it's the video of Michael Saylor
explaining the three catalysts that need to happen in order for
Bitcoin to hit $5,000,000 per coin.
Let me put it at 1.2 times the speed because it's a little bit
slow. There we go.
Let's play it and then we're going to talk about it.
I think there's three things. Look, first of all, it's going
up by a factor of 10. Why do they fix any of the
stuff, right? It's going to go a lot.
It's going to be a grind up by a factor of 10 just because gold
is broken and the coins going to replace gold and now everybody
in the universe knows they need a non sovereign store of value
in the form of a bearer instrument.
So now they're looking the amount of stories for last year.
People said inflation may be coming, we're not sure.
Now the mainstream narrative is flipped to inflation is here,
you need inflation hedge. So it's going to grind up to
replace gold. It'll go to $500,000 a coin
regardless of whether they fix these things.
But there are three things that are massive catalyst that cause
an acceleration. And I don't think that those
three things don't take us to 500,000, they take us to 5
million a coin, right? Those three things are a spot
ETF where someone can go ahead and buy $100 million of Bitcoin
by a security, an ETF security. I think that's 1/2 is your bank
is going to custody it for you and lend against it.
And three is I can mark it up or mark it down on my balance sheet
based on fair value. Para pursue, it'll be para
pursue to the way I'd handle Apple stock or at least that
good if it's if you have property with fair value
accounting by the way, it becomes parapusu to the way
you'd handle Treasury bonds on a Treasury balance sheet.
Treasuries are better than stocks because Treasury is
property, whereas the stock is a security and you're tapped out
at 40% of your balance sheet is security.
So, so it would be a major, major breakthrough if you saw
any of those three things. And I'll end with this one
observation I tweeted this last week.
But I still, I think it's very powerful.
It's if the banks can hold this stuff on their balance sheet,
then a whole new class of investors are going to buy it.
People are going to put in billion and multi billion dollar
orders to buy it as a treasury asset.
Nobody's going to sell it because, because there's no
reason to sell it if you can borrow against it at Libor plus
art sulfur plus 50 basis points, right?
So you'll be, you'll be boring against Bitcoin.
It's so for plus 50 or so, for plus 100 basis points, no one's
ever going to sell it. And then as I joked, you won't
be able to afford it. I mean, you will be able to
afford it, but you know, everybody gets Bitcoin at the
price they deserve when the banks normalize it and you can
draw $100 million credit line at 100 basis points from an FDIC
insured bank at that point, right?
We're going to blow through the market cap of gold by a factor
of 10, right? So I, you know, I think the best
thing is those three things are highly likely to happen.
I don't know if they happened in 36 months or 24 months or 12
months, but I would be shocked if it's more than 36 months.
And I hope, guys, I hope it doesn't happen in 12 months,
because my view is the longer it takes, the more progressive the
grind, the more time I have to buy more of it.
So he was 100. What was the date on this?
Wasn't this? 20 dude it was 2022 bro.
I wish I brought microstrategies.
I don't know what I was thinking, dude.
Like, come on now. OK, so let's break it down for
anyone. Let's, let's weave it back in.
Let's, let's lame the three. Let's name the three points #1
change in the fasby accounting rules so that it could properly
reflect, you know, on, on, on, on on a company's balance sheet,
the the benefits of Bitcoin accounting wise #2 the approval
of a spot Bitcoin ETF and #3 the ability for banks to custody
Bitcoin. First, two things have already
happened. Those things have already come
to fruition. Remember in the beginning of
last year, January 10th of 2024. Literally a year ago.
Literally a year ago or a year ago tomorrow the approval of the
spot Bitcoin ETF, but Gary Genzer was like grinding his
teeth in the process also the change in the fasbi accounting
rules. I'll, I'll read you some of the
details here. The, the financial accounting
standards boards issued new accounting rules for crypto
assets in December of 2023, which will take effect for
fiscal years beginning after December 15th, 2024.
So this just came into effect, right?
And then the reason I wanted to cover this topic today is
Standard Chartered debuts crypto services in Europe with new
license Now goes on to say Standard Chartered, one of the
world's largest banks, is debuting cryptocurrency services
in Europe after obtaining a digital asset license in
Luxembourg. The bank announced on January
9th that it is establishing a new entity in Luxembourg to act
as its European Union regulatory entry point for offering crypto
and digital asset custody services.
I'm going to say that again. The bank announced on January
9th that is establishing a new entity in Luxembourg to act as
its European Union regulatory entry point for offering crypto
and digital asset custody services.
So one of the largest banks, the TLDR, one of the largest banks
in the world has just announced today that they're offering
custody services. And that was the third thing,
the third catalyst that Michael Saylor said needed to happen in
order for Bitcoin to hit $5,000,000 per coin and actually
10X the market cap of gold. Now, the reason that this is so,
this is such a big deal is because again, banks need to
have this ability in order for people to effectively use
Bitcoin as collateral. Because at the end of the day,
Bitcoin is the best collateral ever on the face of the planet.
It's superior to gold, it's superior to real estate because
it's physical characteristics. You could send it anywhere
immediately, anywhere around the world.
You can verify the custody of it.
You can verify that it's real. Like imagine verifying gold, you
know, like how do you verify the authenticity of gold?
You have to literally open up the gold bar and make sure that
there isn't tungsten inside, right?
So, yes, I mean, this is massive.
This is huge. And to connect the dots with
what Odell was saying earlier on the show when we played you guys
that clip, this is what he was talking about.
Like all bets are off. When Wall Street and Tradfi come
in here and they start getting a taste of number go up
technology. I think things are going to go
absolutely crazy and they already are going absolutely
crazy. So bullish news overall.
Standard Chartered Bank announces that they are
releasing custody services in Europe with a license.
Everything checking all the regulatory check box.
Now, of course, is this good for the revolution?
Not necessarily the revolution, individuals taking Bitcoin into
self custody. But regardless, from a number go
up perspective, I think this is incredibly, incredibly bullish
news. Opti, what's your opinion?
Yeah. Well, also let's not forget that
BNY Mellon also got approval in the States.
So now we have it on, you know, both sides of the Atlantic that
there are banks that are now essentially going to be able to
custody that Bitcoin. Now, personally, I would not
trust the bank to custody my Bitcoin, but I do understand
that for a lot of people out there, they still have some
semblance of trust in these institutions.
And so that is going to allow for a lot of capital to start to
flow into Bitcoin because of these quote, you know,
safeguards out there. And so it is obviously very
bullish in regards to price. It does seem like Bitcoin is
maturing. It's starting to saturate all of
Tradfi and you know, quoting something that I said, I think
it was last week or maybe the beginning of this week, is that
to have Bitcoin fundamentally take over the world, we do have
to use all of the traditional financial technology that is out
there. And that's how Bitcoin
completely wins. And so as much as a Bitcoin, I'm
a purist where I'm like, you should be holding your Bitcoin
in personal custody. I do understand the need for
using all of the tools available to us from the traditional
financial sector to help proliferate and push the
adoption of Bitcoin. So as much as I wouldn't be
using banks, obviously this is one of those developments that
I've been saying with is further proof that Bitcoin is maturing.
2024 seemed to be the year where we put the foundational bricks
down so that now, you know, Bitcoin is, is thoroughly
saturating popular culture. And I think 2025, as we do see
the price start to run, I think it's going to be very hard to
ignore Bitcoin. It's going I, I really do feel
like we're going to see that 2017 type bull run and the FOMO
that we're going to see is kind of going, you know, harkening
back to what Odell was saying in the beginning of the show.
Maybe we do see some crazy, you know, 7 figure prices in
Bitcoin, even if it's just for a moment.
And I, I do think that retail is going to come back very strong
in the Bitcoin once all of this FUD is really put the rest
because as we've been showing it, especially on this show
today, the, the powers that be are starting to lose control of
not only the economy, but the narrative here.
And hey, if it does come out and show that the, the Biden
minister sold all that Bitcoin and yet they're sabotaging us a
potential to pay back the debt, I think people, I think more
people are going to wake up. And so yes, I think this is a
great development. Obviously, I'm not, I'm not the
biggest fan of banks, but hey, we knew this was going to happen
eventually, but it's still more important than ever for all of
us to take Bitcoin into custody, continue to run those, etcetera.
But in regards to kind of one thing Odell was also saying in
the beginning, I think one of the bigger stories that for us
Bitcoiners is old news at this point is just how big of a bad
impact or rather negative impact the FTX, you know, Sam Bakeman
freed moment had on the industry.
And we're still kind of getting out of that.
And so, hey, you know, as much as we don't trust banks, there's
still people that do trust banks.
And I'm sure they'd much rather trust a bank than a SPF
character to hold their wealth. So this is seemingly a good
development in the Bitcoin space.
I'm sure we will see some other banks follow soon or or maybe
you know, the the powers that be.
We are picking winners and choosers still.
But it's looking like, you know, in 11 days, well, we will see
some clarity. Obviously, it won't happen day
one here. But I think if Trump does is if
Trump is able to get into office first and foremost.
We'll. We'll see some crazy stuff, some
crazy stuff happen right now, especially when you consider
what's going on in the macro landscape, You know, the
treasuries aren't looking very strong right now and people are
trying to move away from treasuries.
So people are looking for an alternative and I know a lot of
people, we even have people in the chat that say it all the
time. It's like we're going back to a
gold standard and it's like okay bro, like happening.
And to me it's going to go to Bitcoin.
So, hey, you can make your bet and go into gold and keep your
purchasing power level for, you know, the next 20 years if you
want, or you can follow the wave and remember the, the report
from Fidelity, obviously now Fidelity is kind of like a
Bitcoin company and now they, they have the whole digital
asset wing. So maybe maybe it is a little
biased, but I really like the, the part of the report where it
says like, yeah, you're not late to Bitcoin, you're just early to
a new era. And this is where we are right
now. So hey, you know, have fun with
your pet rock, AKA a yellow rock, and we'll have fun playing
with our Bitcoin. So hey, like the bets are on.
Let's go. Yeah, absolutely.
Opti's on effing fire today. All right, ladies and gentlemen,
stay tuned. We have a lot to cover.
We'll be right back. We're going to hit the culture.
I don't even know what Opti's going to cover today, so I'm
excited. I want to give a shout out to
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hivedigitaltech.com. I totally just cut opti off I.
Apologize, I was just going to tease.
It he cuts me off all the time so.
Speaking of, Speaking of. Sorry, not sorry guys.
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All right, everybody, Opti. Let's not pull this up yet.
What do you have for us today? Yeah, so shout out the wine that
gives. He's trolling us in the chat.
Shouts out to you bro crack it up okay okay guys well look it's
the new year you know we're in 2025 we haven't had a chance to
kind of talk about you know not not like self helpy here but
some goals for 2025. Obviously, everyone likes to set
goals for 2025 and so today shout out to my boy Mitchell
Hoddle Zoomer out there absolute go I I love his work and I'm
really going to just kind of steal his ideas here.
So I'm crediting Mitchell Hoddle here completely on today's
culture, but I think it's a great framework considering that
every Bitcoin has the stacking goals.
We all want a stacking goal, you know, and as the price starts
running, I think it's, it's very important to I, I wouldn't say
be realistic because I want you guys to, to strive for
excellence, strive for vitality, you know, with, with some, some
willpower, get to your goals. And obviously the goal we've
always been talking about here for a long time on simply
Bitcoin is just try to acquire one Bitcoin.
And when Nico and I kind of got into Bitcoin, we had our boy
American Hodo being like get to 6.15 Bitcoin and that was out of
the reach for a lot of people. And so shouts out to Mitchell
Hodo. I'm gonna pull up his tweet now
because he is, I, I think might be hitting on a trend here.
So again, at Mitchell Hoddle on Twitter, I'm gonna read his
tweet and then we'll kind of talk about it.
Considering we are in the new year, people are setting New
Year's goals. I'm sure as a Bitcoiner, you're
setting stacking goals and you should be thinking about your
finances moving into 2025 and make sure that you stick to
these because as the price of Bitcoin gets crazy, we want you
guys to stay solvent, stay humble stacks.
That's all that good thing. Anyways, Mitchell Harto isn't
the only one thinking about this, but he is able to put this
in this tweet that that I, I think is really great.
So I'm gonna, I'm gonna jump off the work here for Mitchell
Harto. All credits to Mitchell He goes.
I've been thinking about I've been thinking about this a lot
recently. How much Bitcoin is enough?
Of course, American huddle in our day called for 6.15 British
huddle all of last year was calling for one Bitcoin.
Now for most people, the 6.15 train is probably gone,
including a lot of single digit millionaire boomers out there.
So getting to 1 Bitcoin is still possible for the paper wealthy
boomers if they're willing to like he lock or take an early
withdrawal penalty on the retirement account.
But if they haven't already begun stacking by now, they are
likely too much of A coward to run off the Tran 5 plantation in
such a big way. So it begs the question, what
should the universal stacking goal be for the class of 2025?
Obviously, it's a new class, a new era.
More people are going to join in the Bitcoin.
And if you start saying, you know, get the 6.15 or one in
Bitcoin, maybe it turns people off.
But personally, that makes me want to stack more Bitcoin.
And, and that's the whole point here.
So what if you're a young person just starting your career?
What if you haven't had decades to accumulate assets that could
be reallocated to Bitcoin? What if you work a quote normal
job, have bills to pay, kids to feed, and minimal surplus
income? If you just got Bitcoin within
the last year, stacking 100 million SAT's one whole Bitcoin
is an impossible task if you're starting from zero, especially
as this thing continues to run up, which we expect it to do
this year in 2025. So what are you to do?
And this is I think the crazy part.
Whereas the longer you are in Bitcoin, the more you realize
that the stack you have currently might be in an
astronomical amount of wealth moving forward.
And so Mitchell Harto is putting, you know, speculating
here. And so what's the new number?
What number should you try to acquire in Bitcoin if you are
new to Bitcoin? And he says just .33 Bitcoin or
33 million sets or 1/3 of a coin At 100K Bitcoin, this is roughly
$33,000 worth of Bitcoin. And the median net worth for an
American in their 30s is about $35,000.
So safe to assume most of that isn't liquid.
But boldly assuming they have 10K lying around, they can smash
by and get themselves their first 10 million sats or .1
Bitcoin or a 10th of a coin. And if they bring in 45 KA year
after tax and aggressively stacked with half of their
income, they should be able to call their way to a 33 million
sats or 1/3 of a Bitcoin over the next few years as the
Bitcoin price rips higher into the six figure territory.
Now this is where the interesting stuff happens.
Let's do some napkin math. There's going to be, you know,
essentially hard cap 21 million Bitcoin, but when you look at
how much lost Bitcoin is out there, how much Bitcoin is held
in strong hands, the mass starts getting crazy.
So there's a million Bitcoin, which is the Satoshi coins,
there's roughly about 5 million Bitcoin that are lost and that
might be a lowball estimate. And then there's 5 million
Bitcoin that are perma huddled, which is, you know, in strong
hands. Now you're down to about 10
million Bitcoin. Now the US government has
200,000. Maybe it's less now you know,
China has about, I forget what the number is like 175,000
Bitcoin. So I expect Trump will pad an
SBR up to a nice clean 1,000,000, but we'll go with
this for now. So well, that's still
speculation, but 500,000 for micro strategy, 1.1 million
Bitcoin in the ETS and obviously those keep climbing.
So now we're looking at roughly maybe, you know, 8.2 million
Bitcoin that are realistically available.
So for 8 billion people on the earth to compete for 8.2 million
Bitcoin, that's about .001 Bitcoin, which is 100,000 sets.
So the math starts going down. You're like, yo, this is getting
crazy. So having a third of a Bitcoin
will put you more than 300 times above the average.
And moreover, if we reach sat down parity in real terms, this
would be $3.3 million in purchasing power and not for a
modest retirement. Now, the point is, try to get as
many sets as possible. But if you're young, if you're a
new listener, if you're, you know, barely getting into
Bitcoin, dipping your toes into Bitcoin, maybe 1/3 of a Bitcoin
is a decent goal for 2025. Now, of course, we highly
recommend that you just try to stack as much Bitcoin as
possible. This is the goal.
I really do think we should strive for excellence here.
So if you do have the possibility of getting to 1
Bitcoin, maybe you don't do it all in one year, Maybe that's
over, you know, a lifetime. Maybe that's in the next bear
market. Who knows what's going on.
But while I was kind of thinking about this, obviously if 2025
people are setting their goals, usually their goals are like go
to the gym, you know, get fit, which I was trolling Nico about
earlier, but there should be financial goals right now.
And I think we all need to set some financial goals.
And I think if you're new here, 1/3 of a Bitcoin might be it,
you know, it might be something you can do.
And again, while I was thinking about this, I was kind of
inspired by Nikko's story, not the docs, Nikko's story the
whole time. Nikko's talked about it a lot.
But in 2016, you know, when Nikko got into Bitcoin,
basically starting from zero, sleeping on friends, couches,
doing whatever he can to stack Bitcoin.
If you're a young buck, you know, maybe under 30, maybe if
you're hitting thirty, you shouldn't probably do this.
But like in your mid 20s, maybe you should be doing something
similar. Like, it might not be glorious
right now, but like moving in with your parents, living on
your friend's couch, stacking as much Bitcoin as possible, taking
on a second job, door Dashing, Uber and whatever you got to do
right now, it's not the time to take the foot off.
Yeah, you take your foot off the gas pedal.
Because even when I got it in 2017, and I'm sure Nico feels
the same way, like, you know, we, we did as much as we could
at the moment, but in hindsight, we're still thinking like, man,
I could have probably gone harder.
Like I could have definitely gone harder.
And so for everyone out there, it's really just, you know, this
is one of those moments where I want you guys to strive for
excellence. So doesn't matter what your
holdings are right now, this isn't about, you know, pocket
watching other Bitcoiners. This is about your personal
finances. What can you accomplish in 2025
and where is your stack right now?
And how much are you willing to sacrifice to live a better life
in five to 10 years? And I think we should all
continue to do this even if we do have Bitcoin already, even if
we have a decent stack and we're OK with our stack, I think we
should all kind of focus on let's get our cash flow up for
2025. Let's make sure that the simply
Bitcoin audience out there is the richest audience period.
And we are at the peak of excellent, a peak of human
excellence here. So I don't know, I, I'm going to
give all of the credit to Mitchell Hoddle shouts out to
him. I'm kind of just jumping off the
back of his work. You know, I'm basically stealing
his work here today. But I was thinking about this
exact thing and like, OK, it's 2025.
Maybe maybe, you know, we got to put the put the gas or put your
foot on the pedal and try to stack as much as possible, get
our cash flows up. Maybe there's a chance for us to
acquire more Bitcoin than we thought.
If we do enter a bear market, you know, if we just do a slow
grind up forever, then just do what you can.
But if 2025 is a crazy parabolic year and we do return to maybe
this level or the mid 6 figures, I just don't want you guys to
feel like you could have done more.
This is this is a time like this is a time where you can change
literally the trajectory of your entire bloodline.
Take this moment very seriously. This is a very important moment
in the history of humanity. And you're on the front lines,
man. Let let's not let's not be,
let's not be OK with being average here at simply Bitcoin.
Keep stacking. You know, it's very interesting,
Nika, and this is where I'll pass it off to you.
It is so, so interesting. And we always do the how Which
Bitcoin do you need to retire? 1 You guys yell at us
constantly, but it is interesting you guys love.
That episode it gets numbers every time.
And it's funny how the number just keeps going down.
Like 6.15 was attainable for a lot of us in 2017.
One Bitcoin was attainable for a lot of us going up into 2025.
Now we're seeing 2025 like with 100K Bitcoin. 100K is a lot of
money for many people, especially when you consider the
the the average the national average.
In the US in particular, which is one of the wealthiest nations
in the world, most people barely have $10,000 saved.
Most people can barely pay for a $400.00 emergency.
So savings is how you basically secure and make society more
prosperous. Guys do not get caught in these
memes of like oh you're hoarding these bitcoins you're a bad
person. It's like no savings is how we
built society. Continue to save, double down on
your saving, make some sacrifices this year and keep
stacking. Anyways, I'm done ran I I I feel
good New Year's. I'm feeling Nico, I told you
this morning I'm like jacked up this more than usual today and I
only drink 2 cups of coffee. So I don't know I'm I'm I'm got
a new supplement regimen. Your boys fired up today, but
Nico, what's his thoughts? Mitchell Hoddle 33 million stats
1/3 of a Bitcoin. It seems like our goals here at
as Stackers are just slowly but surely going down because, hey,
you know, Jeff Booth meme here. Like as as Bitcoin goes up, the
world should get cheaper. And if you're living on the
Bitcoin standard, your life gets cheaper.
It's such a life hack. It's absolutely incredible.
Yeah, so I mean, first of all, you absolutely crushed it.
And you know, I think it's, it's important to, to, it's important
to kind of zoom out when in doubt, right?
Like when I got into Bitcoin, you know, I felt like I was
really late. I think the first coin I got was
I got $700.00 or something like that, roughly around that area.
And I was, and I knew people that got Bitcoin was like $100
or like $10. And I felt like I was super
late. But at the time I was pretty, I
was somewhat young. I was like 2320222324 around
that that age group. And I remember I did everything
in my power to accumulate as much Bitcoin as humanly
possible. So like I was putting like 80%
of my income into Bitcoin and I, I really, really didn't do it
for revolutionary reasons or whatever.
I did it because I, I was desperate and I hated my
situation and I did that for like, or like really, really
like wake up in sweats, like thinking about, you know, what
can I do? I was, I was working in real
estate, you know, I was doing like basically everything in my
in, in my power to like figure out, you know, how to mine more
Fiat so I could buy more Bitcoin.
And, you know, looking back, it was one of the best decisions
I've ever made in my life financially.
And you know, I got so much outside pressure at the time.
It was like, go back to school or like do this job or like work
the corporate ladder and like all that stuff.
But I don't know what it was. I just, I just, I was like,
Bitcoin is my way out, right? And I still think that same
opportunity exists today. If, you know, if you're a young
buck, like if you're just starting out, you know, you're
hungry, you're in your 20s, early 20s, mid 20s.
And you know, again, this is my 9th year.
Holy shit. Dude, Boomer confirmed.
Like. Nine years, dude.
Like God damn. It's, it's, it's, it's pretty
crazy, you know, but when I started, I, I was, I was broke.
Like I, I didn't, you know, like I, I was, I was not in a good
place. And you know, I just, I just
kept going. I just put my head down and I
acquired as much Bitcoin as possible.
And if we're right about Bitcoin, if you think if this
thing's going at $10 million per coin, you know, in 21 years,
like .33 Bitcoin, what Opti is saying, that's three, that's
$3.3 million, right? It's more money than most people
will ever acquired in their, in their entirety of their lives.
So I, I think that's something to keep in mind.
And you know, I hope that like if you're just getting in, if
this is your first cycle, perhaps this is your second
cycle. What I always tell people is it
takes 2 cycles to succeed in Bitcoin.
And the reason I say that is because like the first cycle,
you're probably going to get wrecked, like more than likely.
And then the second, but at the end of the first cycle, so like
four years, you're going to realize you made a good
decision. And then the second cycle, full
cycle, you're going to be relatively wealthier compared to
the people around you, compared to where they're started,
because remember, they're on a Fiat standard.
And 3rd cycle, I don't know. I haven't, I'm not there yet.
So I'll let you know how that ends up.
But yeah, like that's the advice that I give to people is like
plan for the long term. It takes 2 cycles in Bitcoin to
really break free, to really be in a better financial situation
compared to where you started. You don't need tons of capital,
you don't need whatever. You just need to work hard and
save in Bitcoin. Like that extra dinner or that
extra trip could just like you don't need it, like just just
put your head down, work saving Bitcoin and you know, things
just get progressively better over time.
But it's not a get rich quick scheme.
It's not going to make you absurdly wealthy overnight or
like whatever. That's why the all coins have so
much appeal because of their volatility.
But it's like it's a very sure bet to live a very prosperous
life if you have like kind of like long term thinking, right?
So yeah, that's what I would say.
Like Bitcoin is hope. And if you are older, you've
probably had more time to accumulate wealth.
So it's not so much a matter of building from zero, but it's a
matter of reallocating your wealth to Bitcoin because more
than likely Bitcoin is going to outperform any other investment
vehicle, investment asset, maybe except for MicroStrategy.
No Buy Bitcoin, stop being. So, yeah, that's my advice.
That's my advice. And you know, I, I'm very
confident, very confident that, you know, very confident that if
you're starting now, you're a young person or you're older
person, you have wealth, you start saving a Bitcoin,
reallocating those resources to Bitcoin.
You start now. In four years, you're going to
call me or you're going to text me and you're going to be like,
dude, great. I that was fabulous.
And eight years, you're going to be like, Nico, you're a genius.
And I'm going to say, no, I'm not a genius.
I just you, just you, just this bitcoins.
That's what Bitcoin does. Anyways, guys, if you guys
enjoyed the show, make sure to make sure to smash that like
button Subscribe if you feel like we provided you value.
And of course, we'll be back tomorrow for a brand new episode
of Simply Bitcoin Live. Opti's going to be in the host
seat with Chris Alamo tomorrow. So you guys are going to enjoy
the show. I'll see you guys on Monday.
Love you all. I'll see you guys on the next
episode of SBL. Peace out, everybody.
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