It's all going to zero against Bitcoin.
It's going up forever. You're against Bitcoin.
You're against freedom yo welcome to another episode of
simply Bitcoin live. Remember what source of the
peaceful Bitcoin revolution recovery rate can use culture
matic warfare. We'll be your guide through the
separation of money and state. I'm starting the show
differently. I have Opti on air with me.
Is it is it weird? I don't know keep.
Going. Keep going.
Is it weird? I I wanted, I'm not used to, I
wanted, I wanted to throw a curveball.
Well, anyways, guys, yeah, what's up, Bros?
I mean, look, it's the Friday episode.
Tons to talk about. I know that there's this
legendary stream that's going on right now by the roaring Kitty
taking down the financial establishment using a stock.
That's not the way you do it, bro.
You want to know how you do it? You do it by taking self
custody. They're just gonna keep off
turning. They're just gonna keep turning
off the the, you know, they're just gonna keep on turning on
the circuit Breakers. Yeah, not only that, I saw that,
I don't know all the details to this, but I saw that the game
stock, they diluted their stock to try to dilute Roaring Kitty's
position. It's like bro, this is.
They're gonna keep. Just why you Bitcoin?
They're gonna keep dumping it, bro.
That's what I'm saying. Like it's such a, but it's such
a strong movement. Like it's such a, a powerful
movement and it's his heart and that movement is in the right
place. It's just a shame that the
virality it's gone viral on, on a, on a, on an inferior tool
like Bitcoin is the move. It might.
Is it boring at this point? Like, is that what it is, bro?
I think it might just be boring bro.
I think it's just people still think it's nerd money.
They don't get why we Bitcoin. They don't get literally.
I've been saying for a minute that Bitcoin is the real
GameStop movement, and yet I am. Surprised that all these.
People still haven't found out about Bitcoin.
They still think they can change the system from within the
system. And it's like, no, the game is
rigged against you. Like when are you going to wake
up to that very simple fact that it's rigged against you?
It is not meant for the little man to win.
Yes, it is a defining moment and a defining movement.
And it I think it's one of those movements and, and like a a
moment in time that has to happen to show to everyone out
there that it is actually rigged against you so that more people
start to wake up to just like the pure illegitimacy of the
system at large. And you know, like, I think, I
hate to say it, but it feels like it might be a necessary
sacrifice. Like it's got to be one of those
battles that goes down. It's like one of those battles
that you have to lose to win the war.
I mean, he's still like, it's, he's still winning somehow, you
know, he's still like, in their survival.
Like dude, he. They shut it off money, they've
shut it off. They've turned off the trading
like they've done like basically everything possible in order to
sabotage this guy's success and he just keeps going.
He's got the love of the people. But again, I got to say like
Simply Freedom channel, I love that.
But like he's just using the wrong tool.
He's just using the wrong tool completely.
Anyways, guys, today we have a very special show for you guys.
Of course, it's Friday, so we're going to do the meme review.
But also, I have a really interesting topic for you guys
and it's happening and I haven't seen a lot of people talk about
it, but it is absolutely seismic.
This is massive. OK, So do you remember that
company that followed in the steps of of MicroStrategy?
They're kind of like a zombie company.
It's a company called Similar Scientific.
It's a medical device manufacturer.
And they acquired Bitcoin. Their stock pumped like 30% and
they just announced 6 hours ago that they're going to raise $150
million to buy more Bitcoin. Now, it's interesting because
we've seen this play out before with MicroStrategy.
They've been using the infinite money glitch.
Like their stock goes up, they lend out, like they borrow
against their stock, they raise more dollars, they use those
dollars to buy Bitcoin, the stock goes up.
Then they rinse and repeat. And it's like kind of like a
speculative attack on the on the dollar because it's using the
traditional financial system against the traditional
financial system so that you can win.
And it, and it just highlights like the insanity of like this
debt based system that you can just literally just like borrow
unlimited amounts of money, but you're borrowing unlimited
amounts of money for a scarce asset, for something that is
absolutely scarce. So in a way it's an attack
because you're using the system in order to buy something that
is absolutely scarce. And then you're taking basically
it's like it creates like this like infinite feedback loop of
some sorts. And Jimmy Song wrote this
amazing posts on Stacker news that covers this phenomenon.
So I'm going to put that post together with the news of today.
And I think I think you guys are really going to appreciate it
because it's super interesting. Like Michael Sealer
speculatively attacked the dollar for sure, even if he
didn't do it on purpose. And now it seems like other
companies are following this footsteps, but they're not doing
this out of like maliciousness or just like kind of like
central planning type of thing. They're doing this just because
of Bitcoin's incentives and they're taking advantage of the
debt based system. They're taking advantage of the
traditional system. So I find that interesting.
Also for you guys today as well, there's a couple TikTok videos
and it's just, it's just kind of sad.
It's people like in the middle class, lower classes here in the
US and and they're just like, dude, like what the fuck is
going on? I can't afford anything.
And This is why this movement that we're currently living
through is so important because crypto kitties, sorry, not
crypto. What is it?
Roaring kitties? I don't even know.
I'm not in the know in in these things, but roaring kitties is.
He's an escape valve of the frustration that people feel
towards the system. He's a representation.
He's a manifestation of FU to the man, like the Rage Against
the machine. That's what Roaring Kitties
represents. You have a whole generation of
millennials and zoomers and the younger, younger Gen.
XS, Gen. Xers that have been completely
disenfranchised and fucked over by the 2008, 2000 financial
2008, 2009 financial crisis. No one really paid the
consequences for that. One banker went to jail.
No notable bankers went to jail, right?
And they're putting us in a box. They're putting Bitcoin privacy
developers in a box. We as a society have not, that
circle has not been completed. Like we haven't tied that knot
yet. And that's why you have these,
these, these, these like the the rise of populism as well
politically all over the world. And you have the rise of people
like Roaring Kitties that are just basically saying, like, you
know what, you're going to try to destroy one of the shops that
meant a lot in my childhood as I went to go buy video games.
And as a gamer myself, like, yeah, GameStop.
And I think there's another one that's called Game Boutique or
something. Like you'd go there to get any
video games. You don't have to do that
anymore because you can download online.
But it played a major role in some of these people's lives.
And then you were like all these hedge fund people that, you
know, they're just using the contilionary effect and the Fiat
system and they, they want to destroy something that meant a
lot like fuck you, I'm gonna say no, I'm gonna make you guys go
broke. But what was really interesting
is how much that shifted the Overton window and how much that
exposed how corrupt the existing system is because it's
capitalism. As long as it's going our way
and as soon as it's going against us, it's actually
socialism. The government has the duty to
bail out the big banks whenever they get into, you know, some
trouble. You hear these terms too big to
fail that that's not a thing. Like that doesn't exist.
And what that perpetuates is these fucking zombie companies,
right? That doesn't, that doesn't
motivate or create an incentive structure where you have the
pursuit of excellence by entrepreneurs.
That creates an incentive structure where it creates
complacency. You have companies like Boeing,
right? You know, these are companies
that are getting like $100 billion government contracts to
create planes and like, weapon systems and all that shit.
Dude, they couldn't even get a rocket in the air.
Like it failed. Their planes are falling apart.
And essentially you're creating like corruption.
It's corruption, It's bureaucracy.
That's that's the incentive structure that that that Fiat
creates it like breathes in society.
So yeah, I mean, shut. Look, he might not be a bit
coiner yet, but shout out to what the roaring Kitty movement
is doing because at least it's waking people up.
It's our job as Bitcoiners to really arm them with the correct
tools in order to really stand up to the system and fight the
establishment. And that's the only correct tool
in this because of its decentralization, because no one
could change the rules to benefit themselves is Bitcoin
that's the only one that exists, and it's only Bitcoin that you
take in self custody. That is the revolution.
You buy Bitcoin, earn Bitcoin, mine Bitcoin, you put it into
self custody. If enough of us do it, we win.
That's it. It's as simple as that.
They won't be able to debase your wealth and they won't be
able to confiscate it from you. Especially on a mass scale.
They won't be able to do it completely changes the balance
of power. The elites are fucked.
They don't have special privileges like they do in the
Fiat system. They don't have a government to
call. They don't have someone to bail
them out. That's what we're fighting for
is bit corners, right? If you use the system,
eventually the system is going to, you know, they're going to
cut corners because they don't. It doesn't like getting screwed
over. So anyways, guys, it's going to
be a hell of a show. Really excited for it.
But before we jump into, I do want to give a very special
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8.62%. The grand scheme of things.
We're just getting started. Anyways, I have two videos for
you guys and I think it's a representation of people feeling
the pain all over the country. And you know why?
You know, GameStop and these alternatives are are becoming so
popular. I think people inherently know
something is wrong with the system.
They can't afford anything. What is the role of government
in my life? Are they making my life better?
Like, you know, because these politicians, they promise you
the world and all of a sudden things just keep continuing to
get more expensive. There reaches a point where
people ask the question like what the fuck, you know, like
what what's going on here? Like I'm getting duped, I'm
getting scammed and I'm starting to see these videos more and
more and more. But again, there's a solution to
excuse me, his problem and her problem and the solution is
Bitcoin. Bitcoin is not a get rich, get
rich quick scheme. It's a not get poor scheme.
That's all it is like over time, your wealth and your work is
valued at what it should actually be valued at.
That's all Bitcoin does. Life shouldn't get progressively
more expensive. You shouldn't have to earn more
and more money. You shouldn't have to work
harder and harder, especially if you're working for sound money,
If you're working for a money that someone else can't create
for free. So here's Walker America.
He says if I don't pay you 700, I go to jail.
What is slavery then? So let's check this out I.
Got a bill today from the IRS for $700.00 and I'm gonna
explain to the IRS why I don't fucking have it.
First off, everyone that is inside of the federal
government, Republican, Democrat, Libertarian, I don't
give a fuck if you work up there, it's your fault.
All of you have decided that printing money and destroying
the economy is just totally fucking OK.
A bag of Doritos went from $2.00 to $12.00 in two years and you,
you want money from me for doing that?
On top of that, I, I don't, I don't have any money because
you're taking 60% of what I make through my LLC and absolutely
crushing small businesses. And on top of that, the only
reason I'm a small business is because during the imagination
period of the flu scare of 2019, until fucking forever, I guess
you mandated that I take an imagination shot that I didn't
need and no one knew anything about.
And if I didn't take it, you took my fucking career away from
me. You took my ability to feed my
child. You took that away from me.
And for two years I have sold T-shirts and parking lots and
I've worked this dead end job at a gun store.
And I have cut trees and mowed lawns and done anything I could.
Everything I had to do just to feed my child.
Not vacations, not new clothes, not a new truck, not thriving in
my life, not living in my life, just surviving day-to-day.
And if I don't pay you $700.00, I go to jail.
What is slavery then? I mean like here's another one.
What to do anymore? And at the risk of looking like
some like whiny pathetic like person, this is just
unsustainable. I'm a dance teacher.
I work from September until June.
Like generally like the school year and even with a career I
don't have enough money to pay my rent, I don't have enough
money to buy groceries every week, and now that it's
summertime I'm looking for a part time job and I can't find
one. I have put in over 30
applications with a brand new resume that I have updated
fluffed up. So a couple things here.
And it's like a very serious conversation because those are
hardcore videos. You can look at this different
ways, right? You can look at it from the way
of like, clearly they're not working hard enough.
Clearly they've made wrong decisions.
That's their fault. You can look at it that way.
The other way of looking at it is like, clearly these people
need help. Like, clearly the government
needs to step in and, you know, provide these people with help
and assurance. I would say both those outlooks
are, one is partly correct. You can make the case for that.
The other one, it's just exacerbating an already bad
problem. So what is the actual solution
to this? When I got into Bitcoin, I was
working a minimum wage job and I was living on my friend's couch.
It's 2016. I've worked really hard.
I dropped out of college, so I don't have like a professional
kind of background. And whatever I will tell you I
can, I can guarantee you that my life has progressively gotten
cheaper because I've been living on a Bitcoin standard.
I've seen this not only in my life, but also Optis people
around me that have adopted a Bitcoin standard, their lives
have gotten cheaper. It's not a cheat like it is a
cheat code, but it doesn't save you from the hard work.
Like it doesn't save you from like, it's not like you buy
Bitcoin and then all of a sudden the next day, you know,
everything's going to be great. And I, people always ask me that
and I, my response is always, it takes four years to realize you
made a good, good decision. Because that's the full halving
cycle takes really eight years to start feeling the, the like
the true benefits. And then I'm not on year 12.
So I can't tell you what that feels like.
But just based on the people that have been here 12 years and
the length of their beards and the length of like, I don't
really give a fuck. I'm assuming, you know, they're
in a good place spiritually and economically.
So this guy's frustrated as hell, rightly so.
This is where we are feeling as a community because he's not
even aware that this is an option.
Because I promise you that if he was working that hard and he put
like a little bit of money into Bitcoin, like a percentage of
his whatever, he would be ahead. Like he would be able to pay for
things around him because everything gets progressively
cheaper on a Bitcoin standard. You don't even need to grow your
stack. Like you can literally buy $50,
forget about it, come back ten years and it's going to be a lot
higher than what it was in terms of Fiat purchasing power.
So we have a lot of work to do because there's a lot of people
like that. And it's not only in the US,
it's all over the world. And they're in that similar
situation. And the worst thing that people
like that, people like him, people like her can do is now
Nico's working him in a woods job and sleeping on his own
couch. Exactly.
Boom. So the worst thing that people
could do is just parade politicians.
They're the ones that caused it. You have to understand that.
Like, it wasn't like the, it wasn't the pandemic that closed
everything down. It was governments that closed
everything down. And there was governments that
decided to print all that money, which doubled the cost of
housing and made everything that much more expensive.
An unintended consequence of these central planners thinking
that they can centrally plan themselves out of everything
because they have the ability to create money out of thin air.
It's not politicians that are going to save you, it's you
that's going to save yourself by taking a little bit of personal
responsibility, buying a Bitcoin, earning Bitcoin, mining
Bitcoin, and then taking that Bitcoin into self custody.
And then I promise you, your life will get progressively
better over time. You will start to have hope for
the future. It's not a question of will you
be able to afford things, It's how long how, how long do I have
to work and how long do I have to wait in order for me to be
able to afford my first home, in order for me to be able to
afford my first car? It's not a question of am I
going to be able to afford this? It's a question of how long do I
have to work until I'm able to afford this?
Like someone says in the chat, Fiat destroys lives 100%.
And what you're seeing there is just people destroyed by the
system and they don't know where to point that frustration.
And this is where people like Roaring kitties.
Like it's like that's a manifestation of people's
frustration, but they're not using the correct tools.
And it has nothing to do with, oh, I missed the boat with
Bitcoin or whatever. I didn't get in 2013.
I didn't get in 2020. I like I bought Bitcoin over 10
Ki didn't get Bitcoin at 1000 and then get Bitcoin at 5000 has
nothing to do with that. You're just adopting a better
money. You're adopting a better
monetary unit that isn't stealing your energy like that.
That's it's as simple as that. Like even with you put the gains
and you put the multiples and you put all of that aside,
you're just adopting superior money and those types of issues
that those people are are experiencing.
Specifically the first guy, like literally he's describing how
broken and corrupt the system is.
And then the system is coming to me.
It's like, OK, first you debase the currency, then like, you
know, you, you, you create this like hostile environment for my
business to thrive. And now you're basically taxing
me. What the fuck is going on,
right? And and that is the question
that I have to you guys is, and this is the theory from the
sovereign individual is are you really getting in return what
you are paying in taxes every single year?
Are you getting a benefit for that?
And I'm not talking about direct income tax.
I'm talking about the inflation tax.
Are you getting, are you getting the benefits of that?
I don't think anyone is, I don't think anyone has agreed to the,
the, the, the inflation tax. I don't think anyone has agreed
to the basement tax. You can make the argument that,
OK, we need, you know, we need an income tax because, you know,
we want equality. We need to pay for the I don't
agree with that argument, but you can make the argument.
They don't make an argument for inflation.
What why does inflation? Like if people actually knew how
it worked, I don't think people would would would agree to it.
So we're we're basically mandated, we're forced by the
state in order to use the money that steals from us and we have
to pay them a portion of our income.
I remember seeing the meme and Opti, you're going to be
familiar with it, which is like back in ancient Egypt, the
Pharaohs would make the slaves pay them like 20% of their
income. And like now like the top income
brackets like 39%, but Biden wants to move it to like 44.
Like the capital gains like and it and it's A and This is why I
always say to you guys, this is part of like one of the main
theories of the show, main themes of the show better said
Bitcoin or slavery. Like it's literally slavery.
Like he is describing slavery. She's described.
Look, why do you have to be a sophisticated investor in order
to maintain your purchasing power?
Why do you have to be a sophisticated investor in order
for you to get wealthy? Why can't you just hone in on
your craft, make money on your craft and just put that money
away for a rainy day? Why do you have to be forced to
invest in real estate and stocks and this just to get ahead or be
better even said like better said, just to maintain where
you're at. That is insane.
Like that is crazy. And you know, you get people
that are frustrated and then and eventually like what's going to
happen when the majority of the population starts to feel that
way? Like history has many examples
of, of, of countries that went through like kind of very
similar frustrations in terms of their economic situations.
And let's just say like, things didn't end very well, right?
It's literally one of the reasons World War Two started,
right? So anyways, I mean, Opti, those
videos were intense, bro. Like that.
That first one really struck a chord with me.
Yeah, that that first guy, he's my spirit animal.
I absolutely love that guy. I wish I could rent like that on
my cell phone. That'd be great, man.
I don't mean to laugh at the guy because I think this is a very
real feeling that a lot of people are feeling.
And, you know, my heart goes out to that girl because I've been
seeing a lot of videos of people saying very similar things.
And it kind of goes back to what I always say on the show.
You know, human psychology is very interesting.
And until you really feel the pain, then you don't search for
solutions. You're kind of just like
sleepwalking. And most people have been syoped
or rather brainwashed or whatever.
Verb or I don't know. I don't know.
Yeah. Yeah, I think it's verb.
I forget my grammar here, been syopt or brainwashed into
believing that if they follow the rules, they play by the game
of the rules and they can get ahead in life.
And it's becoming very clear, at least to me personally and
probably to everyone in the chat right now, you kind of have to
do the crazy thing to get ahead. And for most people, that crazy
thing is just like going all in on Bitcoin.
But as we constantly show and bring the receipts on the show,
like Bitcoin, if you hold Bitcoin long enough and you save
in Bitcoin, you live below your means.
You, you know, put your excess profits into Bitcoin like your
life gets better. And you know, Nico was talking
about wait, before he got into Bitcoin, he was on his friend's
couch. Like I was at my parents house,
like I was literally in my mom's basement.
And now because of Bitcoin and because of just providing value
and upping my skills, like I have a whole new lease on life.
And this kind of goes to what Nico and I stay here on the show
all the time. And I think these videos are a
good culmination of everything we're saying.
And it's a it's a visual example of what we say.
It's Fiat is a world of pessimism and nihilism.
It's literally number go down technology.
And Bitcoin is a world of positivity and optimism and
there and hope, like Bitcoin is hope and Fiat, like I said, Fiat
is number go down money tech. Bitcoin is number go up money
tech. And This is why we Bitcoin
because we have a better worldview.
We're trying to get healthier. We're trying to get financially
sound and when you build on a Bitcoin standard on your
personal level, like your life gets better.
And I fundamentally boil everything down to a very simple
axiom, a very simple meme. If people just want to live a
good life. And our job is to try to show
people that life on a Bitcoin standard, life saving in Bitcoin
is better than the status quo right now, which is the Fiat
world. And I think this is only going
to escalate. We're only going to see more
people start to complain on social media.
And now, you know, we can argue about whether like they should
be arguing on social media or whatever, making those posts,
like that's a totally different conversation.
The point is a lot of people are starting to feel helpless,
especially now in in like America or the first world.
You know, we got brought up with the idea that like we live in
the best country and now most people can barely survive now.
And we're all wondering like, what is going on?
And it again, it goes back to what we've been saying on the
show a lot in the last couple of weeks is that I don't know if
I'd say necessarily that the empire is, is like completely
dead, but the faith in the institutions is crumbling and
people are starting to feel that pain.
And it's because they printed, I forget what the number is now,
but since 2020, they printed, I think at now it's like 50 to 60%
of all dollars that were ever in existence.
Like, no wonder everything's more expensive.
No wonder everything costs twice as much now.
It's because they completely decimated the dollar, the
purchasing power of the dollar. And we're just supposed to take
it like, I mean, look, I'm a first generation American and
the founding fathers revolted for much less than 30% of all of
your money coming in. They, they revolted on a 3% T
tax. Like we need to go back to the,
the founding fathers ethos here because we're literally, we're
literally tax slaves in this system.
And I think more people are waking up to the idea that like
this system is not set up for us.
It's actually one of two things. It's either set up in a specific
way to ensure that you can never get ahead or it is broken.
Now you can decide which side of the aisle you are on.
So the system's either working exactly as design and, you know,
keeping you in your place, or it's not working for the
majority of people anymore. And that's what we constantly
show in the show. Like, there's a better option.
It is Bitcoin saving Bitcoin. Work hard, get fit, focus on the
things you love and saving Bitcoin and your life is going
to get better. It's literally that simple.
Amen to that. I also want to give a shout out
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So you guys all know how MicroStrategy has absolutely
killed it since they adopted a Bitcoin strategy since August
10th 2020. They did basically a 10X, which
is absolutely crazy. And of course, Bitcoin is
outperformed every other company or asset, including the SNP 500,
including NASDAQ, including gold, including the big tech
stocks, including the enterprise software stocks.
So it's just been a superior asset.
Here's James Lavish, she says Bitcoin and the ETFs, yes, the
institutions are here, but not many of them and not yet in
size. And here we are bouncing around
just below the all time highs. I think that's a really good
point. Now what's really interesting
about this is we were wondering for a very long time why no
other company has followed in Michael Saylor's footsteps.
And now it seems like the dam is starting to break.
And that first company, the name of the company was Semler
Scientific. So they made a really good case
and they came out with a post as to the reasoning as to why they
are adopting Bitcoin as a treasury asset.
And they said that it was superior to gold, that a lot of
potential. And then make no mistake, a week
or two after they did that, they made this announcement dropped 7
hours ago that they plan to raise 150 million to buy more
Bitcoin. Medical device maker Similar
Scientific acquires 247 more Bitcoin and plans to raise 150
million to further expand its Bitcoin treasury holdings
following Microstrategy's lead. And that's absolutely
fascinating. Now, why are they doing that?
Well, I mean, it's obvious and you don't even know what company
is similar scientific, but I promise you that because they've
adopted Bitcoin into their treasury, they're going to start
outperforming a lot of these companies just because people
are going to buy the stock because they realize, oh, this
company's holding Bitcoin and Bitcoin's going to the moon.
And and that's the that's the realization.
Like that's that's the thing that like these companies
haven't woken up to this. Like they're holding bonds,
they're holding dollars. Dollars is like holding onto a
melting ice cube, but they haven't realized like the
superior asset that is Bitcoin. Now, what's really interesting
is that they're using the debt based system, they're using the
Fiat system, they're using the pre-existing system as a way to
kind of leverage it to raise more fake dollars really to buy
something that is absolutely scarce.
And in the process, I really call it a speculative attack on
Fiat using the very system of Fiat itself.
Right? Here's Jimmy's song, and he
wrote an incredible post for you guys regarding the quote UN
quote speculative attack on the dollar.
This is originally posted on Stacker dot.
News. Can you zoom in a little bit,
Nico? Yeah, absolutely.
So he goes on to say there is a speculative attack on USD coming
soon. If it does, it's going to be
crazy sight to see every institution that can borrow will
and essentially short the dollar by going long Bitcoin.
Did you hear that? This again was written March
1st, 2021. This article dropped 7 hours
ago. We know that Michael Saylor has
already adopted this, and now it seems like another company's
falling in its footsteps. Now what happens?
I'm going to ask you guys this question, and it's such an
incredibly obvious answer, but I'm going to ask it to you.
I'm going to ask you guys anyways.
What happens when this country, I'm sorry, this company that no
one knows, like like no one knows what this company was
before. No one knew what MicroStrategy
was before. No, that stock was going
sideways forever, OK? No one knew who they were.
What happened? As soon as they adopted a
Bitcoin strategy, they outperformed everyone else.
And now my question to you is, do you think that MicroStrategy
has provided that much more value than something like Apple,
something like Google, something like Microsoft, something like
Meta, something like Netflix, something like Amazon?
I think it's just, it's just using a, it's just they, they're
using their, they've adopted a superior asset.
That's it. That's all it is, right?
So what happens when this company starts to outperform
everyone else on the stock market?
What do you think is going to happen?
Who do you think is going to start asking questions like,
wait a second, like why the fuck are we holding dollars like
these, these, these like companies that no one knows is
outperforming everything just by the mere fact of holding
Bitcoin? Why don't we do that?
That is the speculative attack. And the best part is that
they're able to leverage their stock valuation going up in
order to borrow more money so that they can buy even what they
can buy more Bitcoin. It's like this never ending
feedback loop of this infinite money glitch using this the very
system itself against itself in order to go along Bitcoin like
Jimmy Song said. So it goes on to say the dollar
will become will begin hyperinflating and there will be
a lot of unhappy rent seekers that will want some blood.
It may in the end create calls for a CBDC to control the
lending slash printing of money, which is currently in the hands
of too many banking institutions.
But we're getting ahead of ourselves.
Let's start from the godfather of the speculative attack,
Michael Saylor. For those with assets, loans are
really easy to get in the Fiat economy.
Loans have no opportunity cost, so banking institutions are
incentivized to lend as much money as possible to qualified
borrowers. More loans, more interest
payments, more profit. And the rich borrow a lot.
Loans are how contillionaires stay rich.
They use the newly printed money to invest in all sorts of stuff,
and as long as their investment returns higher than the
minuscule interest rate from the bank, they come out ahead.
Sometimes make, sometimes many multiples.
Using these loans to buy Bitcoin is what a what is we call a
speculative attack on the dollar.
That's essentially what Michael Saylor has done with every kind
of loan he can get. He used unsecured loans, secured
loans, the stock issuance, among other things to acquire as much
Bitcoin as possible. I'm sure he'd take out more
loans if he could, and I have no doubt in my mind he's looking to
more ways to add more to the incredible Bitcoin position he
has. Ladies and gentlemen, it's not
only Michael Saylor anymore. I can't emphasize how historic
this is. Now you have another company
that is literally speculatively speculating us attacking the
dollar using the very system itself.
And this is going to like escape like a runaway train when all
these companies start to realize, holy shit, we can make
our stocks perform like this. All we have to do is buy
Bitcoin. And then when our stock
valuations go up, we can just borrow against our stock going
up and buy even more Bitcoin with that borrowed money.
And imagine like 5-10 companies doing this.
Do you think that like that? Like, is that sustainable?
Like, This is why it's called a speculative attack on the
dollar. Anyways, it goes on to say
what's going to be even crazier is that he will soon be able to
use that Bitcoin itself as collateral.
Wall Street isn't that comfortable with this idea yet,
But at some point, they're going to because there's too much free
money in it for them. And then the real leverage games
can begin. He's in deep profit on his
Bitcoin position. And as the price goes up, there
will be more loans available. But at least at the moment,
banks aren't loaning with Bitcoin as collateral just yet.
As such, he has to wait for more stock issuance to buy more
Bitcoin. With almost 1% of all Bitcoin in
his treasury, that's a lot of demand for his stock.
And with additional issuances, the market knows he'll buy more
BTC. As a result, he can keep issuing
stock and buying Bitcoin this, buying Bitcoin this, until he's
saturated market demand. The result is that MicroStrategy
now trades like a 2X long Bitcoin ETF.
But here's where it gets fun. What happens when there's no
more room? There's there are more companies
besides MicroStrategy to that use this strategy.
That's already happened. That's happened already.
That's not a question anymore. That's not a theory.
It's happened. You already have one.
Many soon will follow because this is going to happen to their
stock, especially if they get big exposures to Bitcoin.
Anyways, goes on to say you really just need one more CEO
with this level of conviction to take this strategy to the next
level. It's already happened.
The stock returns have been so insanely high that some company
will mimic it. Heck, even someone that doesn't
have a company right now could perhaps buy up a small cap stock
with some cash on its balance sheet, buy Bitcoin with it, and
then issue more shares to buy even more Bitcoin.
It would be slower, of course, but there's no reason why it
won't work. The key is a large cash position
and a way to get lot way to get lots of debt.
This hypothetical hyper hypothetical alternative to
micro strategy would have to have some differentiation, of
course, and perhaps they'd use more or less leverage than micro
strategy. For that matter, could we see a
mining infrastructure company go in the direction, keep lots of
Bitcoin on their balance sheet and use USD to mine more?
If the treasuries and BTC and the acquisition strategy is
mining, then it could very well use its line of credit to become
something like micro strategy, only a bit more related to
energy production. How about one of these zombie
companies? A visionary CEO could turn a
zombie company into a living one by making it into a Bitcoin
substitute. A company like IBM has lots of
assets to get loans with. Use those assets to buy Bitcoin
on the treasury. It can quickly become another
stock that's a store of value. Speaking of which, the reason
MicroStrategy is doing so well is because it's taking the store
of value premium away from other stocks.
Stocks have functioned as a de facto store value for a long
time. The premium now is now leaking
towards something that holds its value better.
The presence of Bitcoin on the balance sheet turns a store
value premium in these stocks into Bitcoin substitutes.
And it really won't take many companies to do these things for
the entire market to expand USD and complete the monetization of
Bitcoin. And that, ladies and gentlemen,
is happening. And you want to know what
GameStop should be doing now that they got so much cash, now
that their stock is going to the moon.
If they no longer want to be a zombie company, you know what
would really break things? They should just buy Bitcoin.
It's as simple as that. That's what the GameStop should
do. And then all of a sudden, it's
not a it's not a zombie company anymore.
Like they're not going to go out of business.
They become, like Jimmy Song said, like they become a store
of value. That's what it is.
And it's really interesting also is the premium aspect.
And that's something that we, we don't talk enough about, right?
And that's something that people don't really understand is that
everything around you, like whether it's real estate or
stocks, the reason that they're as elevated as they are is
because people have been using them as mechanisms to escape
inflation, to outpace inflation. Things shouldn't work like that,
Like a house shouldn't be seen as an investment, but it is
right now because of how broken the system is fundamentally.
And that's what Bitcoin ultimately fixes.
Like this is like one of those things where you can truly say
Bitcoin fixes this. And that theoretical case that
Jimmy made is no longer just a theoretical now it's real.
It's super real because another company has followed in the
steps of MicroStrategy. They made a major announcement
and within a week they came to the realization that Michael
Saylor did, which is holy shit, we can borrow against our
company to buy even more Bitcoin and create this never ending
feedback loop. Now let's see if they get the
loan. But if they do and six from six
months from now, their stock goes higher, I guarantee you
that another company that you've never heard of that's publicly
traded, that stock's been going sideways for many years, is
going to say holy shit, like, let's get rich.
Let's follow this. This clearly this is working,
right? And then I think all hell breaks
loose, which we can't like really imagine right now.
But I guarantee you it's going to happen.
I guarantee you this is going to happen within the next 5 to 10
years. As soon as you hear Google,
Facebook, Apple, Tesla already has Bitcoin or any of these
companies publicly announced like, hey, holy shit.
You know, we're buying Bitcoin, we're putting in on its balance
sheet and we're doing this as an alternative to holding dollars.
And then all of a sudden that stock starts to outperform all
the other tech stocks that haven't adopted that strategy.
They're at a disadvantage and they're going to fall in the
footsteps. So you know, this is crazy, like
this is a game changer 100%. And I don't think people are
bullish enough for this upcoming cycle because this is really the
cycle of institutions. And we like seven years ago, I
never forget, I always say this 2017, the cope was bro, the
institutions are coming man. It's going to pump the price
back up. And we dropped from like 20 K to
like 3500. And that was one of the coping
mechanisms that we used to try to make ourselves feel better.
But in reality, they weren't. They weren't even close.
The institutional game started
as soon as the ETF was approved in January.
Everything changed that moment. As soon as BlackRock put its
stamp of approval and said this is a legitimate asset for
institutions to hold, everything changed.
And Michael Saylor came early. If you came in before 2020, you,
you outpaced Michael Saylor obviously has a lot more
purchasing power, but you were, you were first.
And if you were before January, you were before the institution.
So you front run, you front ran like we always say here, it's
simply Wall Street. And usually it's Wall Street
that front runs everyone, Main Street.
But in Bitcoin's case, the complete opposite.
Bitcoin is the peaceful revolution.
Bitcoin is the Rage Against the machine.
Bitcoin is the real GameStop movement, and because people
haven't woken up to that, that presents an opportunity to you.
If Bitcoin was the mainstream, the mainstream thing, if Bitcoin
and a Bitcoiner were getting like 600,000 people watching him
live shit on GameStop, then the opportunity wouldn't be there
for you anymore, right? So I think people are going to
wake up to this as Bitcoin continues to shine anyways,
Opti, what's your take on this, brother?
Oh, bad, good. Yeah.
I mean, I, I couldn't agree more with what you were saying.
Totally agree. And and it's something that I
think we're all as bitcoins. Once you've been around long
enough and you really understand the problems of not only the
traditional financial world, but of Fiat money in particular, you
realize that everyone has the same problem.
Whether you're a corporation, an individual, a nation state, even
the banks and the central bankers, we all have the same
problem. There is nothing to store value
in because they can print as much Fiat money as possible.
And any hard asset, anything with real value is of course
going to seemingly go up because of the value of the dollar, the
purchasing power of your Fiat currencies are getting debased.
So it looks like everything's going up.
And once you realize this game, once you realize the mechanism
of the game and you start to look for alternatives, then
eventually all roads lead to Bitcoin.
And man, I've been been joking about this for a while on the
show that I, I wish we at simply Bitcoin basically had free loans
because we'd be taking out a shit tons of money to stack
Bitcoin as a company. Like if we had the sailor plan
where you're basically getting, you know, billions of dollars
for free on a six year loan and you stack that into Bitcoin like
it's basically printing free money.
Like it's an infinite money glitch and it's a speculative
attack on the dollar or Fiat currencies, no matter how you
dress it up. So people can say whatever they
want, you know, like, oh, this is just good for our balance
sheet. But once you really understand
the game theory, you understand that people really are starting
to catch on to the game that, Oh my God, I can basically take out
as much of this paper currency, these these IO us this, this
government debt. And I can stack it into
something that cannot be the base.
Like anyone that thinks clearly and and can kind of zoom out a
little bit from what is the status quo realizes that this is
the game being played like this is the only game in town.
Because Nico, I don't know if you saw, but we just got this
happened in the beginning of the week.
We just got news that China dumped 50 billion of U.S.
Treasuries and they continue. At this rate, they will be
completely out of U.S. Treasuries by 2026.
That's two years from now. So everyone is waking up to the
idea that the dollar or the OR U.S.
Treasuries. Faith in the US government like
they're like holy shit like these guys are spending like
fucking crazy Oh, and not only that, right, so the so China,
you're right, they're dumping U.S.
Treasuries. They're stocking gold, right
yes, but it was Saudi Arabia that didn't sign up to the Petro
dollar deal anymore. So for anyone one who's not in
the know, back in the 70s, Saudi Arabia, major supplier of the
world's oil supply or major supplier to the world.
And in terms of oil, they basically had a deal with the US
government. the US government would provide defense and
weapons and all that. And in return, Saudi Arabia
would only sell oil to other countries in the dollar.
So it created the situation where you wanted to buy oil, it
had to be in dollars, right? Saudi Arabia basically said, no,
we're not doing that anymore, right?
So you can, you don't have to use dollars to buy oil anymore.
Now let's see what happens, right?
The market's going to decide, not a government, but I find
that interesting too. So clearly in 10 years, is the
US government going to continue to have the ability to spend
this crazy, absurd amount? Look, last year, 2020, three,
$1.7 trillion, they spent more than they collected in tax
revenue, deficit spending. Where did they get that money?
That's the GDP of most countries on planet Earth.
Just to kind of give you an idea, El Salvador has AGDP of 35
billion. the US government spent 1.7 trillion with the T just to
kind of give you an idea of how much money it is.
And the only reason the United States is not like Argentina in
terms of its inflation situation is because of because of the
fact that it's the world reserve currency.
So it has this unique ability to just keep spread, like spending
all this money because everyone is holding dollars all around
the world. That's the case now.
Is that going to be the case 510 years from now?
I don't know. But what I will say is that if
you're in the US, you benefit tremendously from living in a
country that is the world reserve currency.
When that party ends, you better hope you own Bitcoin.
You read that book. Odell was talking about it all
the time. Mandibles, right?
Like, dude, if things will get bad, like really bad, the
government's not going to be able to pay for things like they
used to, like the infighting, the tension.
Look at the political atmosphere now.
Do you think that's unrelated to what happened in 2008?
Look at how that person felt in that first video, how charged,
how heated he is. There's a big portion of the
population that feel the way he does.
We can't afford housing, we can't afford these things.
It's not our fault, right? Creates a very interesting
situation to say the least. I do want to go before before we
go on, though, I just wanna add something to to what you said is
at first people will go into gold because they're so used to
it and eventually they're gonna end up on Bitcoin like, you
know, similar MicroStrategy. And once we see the corporations
all do this, like I'll make a candle coming.
Amen to that. All right everybody, I do want
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All right, man, I'm really excited today's episode because
Naim Bukele had a phenomenal interview with the most popular
broadcaster on the planet, Tucker Carlson.
It seems like you have a clip pulled up of it, Opti.
Yeah. Yeah.
So just giving some context. This is the culture and what we
want to do here is not only feature Bitcoin culture, but
also have some social commentary on things that are happening
outside of Bitcoin. And I highly recommend everyone
go watch this interview, send it to your friends and family.
I'm I'm going to try to force my parents to watch this because
it's like it's, I think it's kind of a master class of what's
going on. I watched it a few times.
I did take a couple notes, guys, but I, I think I picked the best
part of that clip that it's only two minutes.
So, but I wanted to highlight a few different things that Naive
was saying throughout this whole interview.
And you know, you may agree with some of it, you may not.
And that's the beauty of the show.
But I put some some time stamps here.
So at the three minute mark, Naive Buckley goes, you can't do
anything if you don't have peace.
You need basic rights respected before you could even get to
peace. Or like you need the basic
rights respected to get peace around the nine minute part,
which was very interesting that, you know, I, I've never heard,
but any politician probably said this, that they praised for
wisdom and that their whole cabinet, their whole people in
office, they all believe in God, which is very interesting
considering what's going on. And I know you guys might
disagree there. At the 15 minute mark, which I
thought was a very powerful quote.
He goes, there is a spiritual war and there's a physical war.
If you win the spiritual war, it will reflect into the physical
war. I absolutely love that.
At the 20 minute mark is where Naive Bukele responded to the
condemnation, the hate he got from the human rights
organizations out there. And he was surprised that people
cared more about the criminals rights in the honest citizens
rights, which is very interesting considering what's
going on in the world. And it kind of makes you think
of what we've been saying in the beginning that maybe we're at a
point where the laws aren't actually helping the the
everyday person out there. At the 33 minute mark, Naive
Bukelli says something we say all the time on this show that
the incentives are wrong, that the incentives are broken.
And This is why the system is eroding at the 43 minute mark.
He talked about the money printer, about the US having
unlimited resources because of the money printer.
And yet we're still extremely efficient, inefficient, sorry,
inefficient. What's going on here?
And the part that I'm gonna bring up is at the 48 minute
mark, it says that the US has everything and yet it's still
crumbling. Why?
And this is yes, and this is the part that I want to play.
And then the last part, which I thought was very interesting was
at the 59 minute mark, Naive Bukele was commenting on this
politician trying to micromanage the art in El Salvador and just
being completely out of touch with the people.
Anyways, I'm sure you'll find some more highlights throughout
this whole clip, but I wanted to bring on a few things.
And the reason we wanted to bring this on again is to talk
about culture, cultural commentary.
But in this clip right here, I think Naive Bukele completely
sums up what we say on the show every single day about the
system, about where the US place in it is in it, and whether
there's still hope for America. And I know we're American
centric and our audience is global, but I think Naive Bukele
just absolutely nails it on this.
It's about a minute or two. It is at 1.25 because that's
just how my brain works. So let's listen to this.
Update the screen. You have workers, you have blue
collar workers, you have trains interactually, interactually.
But if you sanction Russia have work.
So to super, to superpower, yes. So they have wheat, they have
energy, they have natural gas, oil, yes, because they were
built like that. Industrial capacity.
Industrial capacity factories, you know, workers.
So the US is like that too. It was built as a superpower.
So you have wheat, you have corn, you have workers, you have
blue collar workers, you have trained skilled factory workers,
you have colleges, you have universities, you have school
system, you have infrastructure, you have cities, tourism, the
Mississippi River. I mean, you have everything.
You have ships, you have warehouses, you know,
agriculture, fertile lands. You know what, what you, you
didn't have before you, you, you, you got right.
You took from, you know, Mexico or whatever.
So the US was, was built to be a superpower, right?
Acquire land, acquire fertile lands, acquire.
I mean, Texas was part of Mexico, but it's part of the US
and you have all the oil there. So I mean, and then you have
California and you have, I mean, the US is built as a superpower.
So the US has everything to go on for 1000 years.
It's not like it's doomed to fail, but apparently the leaders
or most of them, you have probably very good leaders, but
most of the leaders, they don't, they're not seeing they, they
either they, they are evil or this is not, you know,
conspiracy theories. It's just, you know, the options
you have. Either they're evil and they
want to destroy the US because of some evil reason or they're
puppets and they are being handled people that need the US
to be destroyed by for some reason or they're incompetent
and they just, you know, doing wrong stuff because they're not
capable of doing the right stuff.
Or sorry, I said three, but the incentives, right?
I mean, changing a country and changing a lot of things that
are badly done, probably anger will, will anger some people,
right? Some groups, some, some lobbies,
some interests. I mean, if you say, OK, we're
going to stop the railway that's costing us $15 billion per 600
meters, a lot of companies will be angry.
A lot of, you know, I don't know, mayors, you have a system
that that that needs to be needs to be handled.
So, and that needs leadership and it needs a clear, a clear
mandate that is probably a little hard to get in the US
because of, you know, the opposite views and, you know,
the bipartisanship and but but you need to do it.
Absolutely love it. He killed that, absolutely
killed that speech, and it's something again, that's why I
wanted to give the context of some of the stuff he was talking
about. But it really boils down to what
we say all the time, and I even said it earlier in the show.
It's either that the system is designed this way or the system
is going completely awry because of the incentives.
And of course, we at Simply Bitcoin always think if you
align the incentives, you get on better money, you start using a
money that you can't debase. And actually, there was a very
good part in that whole conversation.
Again, I I recommend you guys watch the whole thing where he
talks about the incentive structures of being a
politician. And you don't have to
necessarily call them evil, But if you have a money printer
behind you, then of course, you're basically going to be
buying votes. And then once you take that
power away, you start to align the incentive structure.
And as someone that, you know, fix their country in three
years, like it carries a lot more weight than when Nico and I
say this and we're just Youtubers and Bitcoiners over
here. Like he's done it.
Yes, they still have to ensure that this this goes on longer
than Naive Buchelli being there. But it all boils down to the
same thing. The incentive structures of the
world in the in the first world, in America, in the EU, it is
it's either completely broken or it is designed this way.
And we do need new solutions and, you know, we need new
ideas. And I think Naive Buchelli just
absolutely, absolutely destroyed the, the narrative, the flood
lines, all of the hate he's been getting.
And I saw, I, I didn't double check here, but last time I saw,
OK, so it's at 6.6 million views.
Like that is breaking the echo chamber.
This is how you get these ideas across.
And I'm going to be spreading this to all my friend, or rather
more, more of my families because my friends don't really
care. But my I want my mom and my dad
to listen to this because I think it's a very great way of
being objective here and not falling into the left and right
paradigm. You know, it is a battle of
orange versus green. Some might say good versus evil,
but it's all about the inceptive structure.
And I think Naive Buchelli just absolutely killed, killed it
with this interview again. Go watch it.
I watched it twice to give you guys some good, you know, some,
some quotes and tag lines here. But anyways, Nico, I know you
watched it. What's your take away from this?
Dude, so first of all, that is the most popular present in the
Americas, right? I don't think that's a
coincidence that the society that fixed the base layer of
society is a peaceful society, right?
The president actually does what he's elected to do.
I don't think that's a coincidence.
I do not think that's a coincidence.
I think it's completely related. 100% because Bitcoin fixes the
incentive structure problem. The issue Washington DC is not
incentivized to do good by the country.
He said it like America's a superpower manifest destiny
right? Literally like from coast to
coast, isolated, has oceans in between so it can't get attacked
by another country, has tremendous amount of natural
resources. And why why the the moral decay
of society? Why do you have these?
You know why the end the why the fuck is all this happening?
Well, it's decadence #1 and #2 it's the money printer.
That's why Bitcoiners say fix the money, fix the world.
And it is in I, I love the pact that the, and, and, and I want
to be respectful to, to some of you guys, right?
But the part where he said spiritual war, right?
There's a spiritual component to Bitcoin.
I don't know what it is, but the general trend that I've seen in
in people is that they adopt A Bitcoin standard and it heals
them spiritually in a way, right?
Like Fiat, I think degrades the spirit.
There's something inherently corrupt about it.
And people underestimate how much money plays a role in their
lives. Like we, I think inherently know
when we say something like, oh, don't talk about money, it's
ugly. They're talking about Fiat.
Like Fiat is ugly. Like it's, it's something very
ugly to talk about. Bitcoin is very hopeful to talk
about. It's pretty.
It's it's equal, right? Like there it's you.
We talk about Bitcoin every day. We don't get tired of it.
We don't feel nasty, we don't feel icky, right?
And you kind of see this like degen and dis degradation and
not only like Fiat money, but also in shit coins.
And I and I and I think that they have something in common.
And look, if you guys are new to this channel, like we're
libertarians, you can buy whatever you want.
That's up to you. You can buy GameStop, buy
Ethereum, that's totally up to you.
I don't, I don't care, right? But the general trend trend that
I've noticed is on all these things, they can change the
rules, they can inflate the supply, therefore debase what
you have Bitcoin, you can't do that.
You cannot change the rules to benefit yourself.
And that I think when you have like an uncorruptible money,
it's like the pun is totally intended there.
I think good things happen. I think the human condition
improves. I think society improves.
And I think Buchele is a manifestation just like, just
like Roaring Kitties is a manifestation of the degradation
of Fiat society. Naeem Buchele is a manifestation
of a society on a Bitcoin standard, full stop.
Like that's what Bukili is. And Roaring Kitties is the exact
fucking polar opposite of that. That is full Fiat degen
manifestation of the corruption to the core of Fiat and a system
on Fiat. Like, it is so crazy to me that
there's an infinite fucking money glitch, right?
And all these companies are finding out about it.
And then the very thing that made the Fiat system, the Fiat
system, this debt based system is going to be the demise of the
debt based system because it's being used against it.
And how long until they change the rule?
Because that's what they love to do.
As soon as shit starts going against them, they change the
rules to benefit themselves. And what if you don't have the
ability to do that anymore? What if you don't have the
ability to print money anymore? How is the government going to
afford the wars? How are they going to afford
that? How are they going to afford the
tanks? How are they going to?
They can't pay for it. You know what happened in the
Middle Ages when the king ran out of gold?
You know what happened to the armies?
They all went home. Isn't that like an indication?
It's like, do people actually give a fuck?
No, I think human beings are simple.
I think human beings want to raise a family, eat good food,
have a good time, go home, go to sleep, do it the next day, live
a good life. I think we are very simple
creatures. But I think Fiat gives the power
to the absolute psychopaths in society and it gives them a God
like of power of being able to create money for free that
everyone else has to work for. And then they come up with all
these fucking insane ideas of endless war.
Like think about the last century.
Ron Paul's quote is so resonating, right?
It's not a coincidence that the last century was the most the
the the century of central banking was the bloodiest
century in human history. I don't think that's a
coincidence. I don't think it's a coincidence
that Nayan Bukele is the most popular president in El Salvador
made Bitcoin legal tender. I don't think it's a coincidence
that you have, you know, again, please put the political
commentary aside because I can care less.
But you have, you know, the current president of the US
right now that questionably shot him, shot his pants on stage
questionably. I can totally say that because
they totally hate Bitcoin. So that's fine.
I don't like politicians that hate Bitcoin, but you know, like
these are all, this is all extremely symbolic.
All you got to do is just open your eyes and see the signs.
It's right there that I have no doubt in my mind and I know for
a fact Opti's going to agree with me that we are going
through as, as the world, this spiritual warfare.
Like I have no doubt in my mind that's what we're going through
as a society. And and and Bitcoin insulates
you from the degradation and the corruption of Fiat that is
inherently connected to the bureaucracy.
It's inherently connected to the system and Bitcoin insulates you
from that shit anyways. Bro I may be seeing things that
are not there but I'm making a lot of connections.
Bro, I, I just want to add one thing and, and I think when you
look at it this way and you compare Fiat currencies versus
Bitcoin, if you study human behavior and psychology for,
for, you know, the history of man, you understand one thing is
that human behavior does have to get checked at a certain point.
And if you have the infinite power of the money printer, then
you can basically get away with anything.
You're basically God on earth. And once that power is taken
away, then you have to provide value to your fellow man.
You're not able to rob people, you're not able to gain ultimate
power. And that's what's happening.
As Elaine always says in the chat, you know, Bitcoin is, is
money of the natural law and it, it, that's what proof of work is
all about. It's aligning our money
structures, our, our financial world back to reality because
right now we're completely untethered with reality.
And you're seeing this play out with the politicians, you're
seeing this play out with the degradation of our society, of
our culture. And Bitcoin will fix this.
It it's not going to happen overnight.
It probably won't happen in just a decade, but it will start to
fix this. And you're starting to see this
happen. And you know, like Naibu Cale in
Bitcoin country is a shining example on the hill, as Nico
always says. And and, you know, I could only
hope that we could one day get leaders that have the cajones to
change the system without being afraid of having, you know, a
little bit of pain in the short term.
But maybe I'm a little hopeful here.
But anyways, Nico did Friday and we're going to get yelled at if
we don't do a memes. But I actually enjoyed this
Nico. We're going to have to keep
doing some more social commentary on.
This social commentary is the best.
If you guys enjoyed it, please let us know in the comments.
We guys, we thrive on your feedback, so please let us know
if you guys enjoyed it or not. Let's check out the memes.
Opti's Friday meme review. Roaring Kitties is we're taking
the mantle back in terms of degen Ness, OK, And the way that
bit pointers degen is by making memes.
So what are we looking at Opti? What is this?
Is that a piece of art? Yeah, this is a great meme.
It's a little bit of both. It's all memes all the way down.
But you guys know the deal. We missed it last week, but we
gave you 2 this week so you can't yell at us too much.
But as we always say, you guys are frontline soldiers in the
information war playing out on the Internet.
Tweets or the bullets, memes or the artillery.
Remember to ridicule the corporate press, to shame the
politicians and central bankers into trying to get you into a
digital dystopia and make some funny so your friends head stay
in the game but also get the calls of action out there.
Bitcoin is hope and I don't know, I speak in memes and
sometimes memes just hit me in the fields guys, but I'm gonna
cover these memes. Drop your meme score in the
chat. The meme score is a meme in
itself. But anyways, I really like Alan
Watts. Alan B Watts's tweets recently.
He's been doing a great job and I absolutely love it.
So yes, this looks like a piece of art and eco, you know, it
looks like, I don't know if this is Greek.
It looks like it's a Greek Greek structure and there's like a
maybe a dude. Yeah, it's like, is he holding
Bitcoin on top of his head? He's got laser eyes.
Anyways, he, and This is why I brought it up.
This is a tweet. Save in Bitcoin and focus on
your craft. This is what we said on the
whole show, and this is what everyone is starting to wake up
to that you don't have to become a financial advisor to survive
in today's day and age. All you have to do is provide
value to your fellow man and save in Bitcoin and, you know,
live. A good life Earn in Bitcoin.
Save and earn in Bitcoin. OK, this next one is just
absolutely incredible because this is me and Nico all week.
Shout out the ghost of Whitman on Twitter and it goes hashtag
BTC. We're back and we got Nico over
here just dejected just absolutely destroyed.
You know, we've been saying all week, we're not.
We're bored at this price movement anyway, we.
Can't deal with it anymore. Just the NPC Wojack looking at
the computer screen, it's like plus 2%.
We're just destroyed. We just went through the burner,
you know, went through a a horrible bear market and we're
so back. We're so back and yet we're
bored. And on that point, Chen it to my
boy Ben, he goes, I see you have a nice currency there.
It'd be a shame if I were to play Creed on repeat.
Hashtag Bitcoin. We're going higher.
It's going higher. This is I think this is is it
the one minute chart, One hour chart?
I don't know. I don't know.
But anyways, it's going up forever.
Number go up it's. Going.
Higher it's going higher. All right this is this is me and
Nico again and everyone else in the chat shouts out the Mccaudle
face and we got Sydney Sweeney here and I think this is what's
it euphoria and she's crying and being like I'm good.
Anyways it goes Bitcoin is sitting near all time highs and
she's crying and freaking out. She's like, I have never ever
been happier. I I.
Feel good? A manifestation of Fiat, right?
It's right there on the screen, yeah.
I swear I'm not in pain. I'm not in pain right now.
This is great. I'm good.
Like man, so much symbolism and all this.
Okay, next one shout. Out the thoughts everyone, it's
so obvious it's shouting up to. Dennis Hodel AKA Zined Hodel on
Twitter and he goes Boys will be boys.
Hashtag Bitcoin. Yeah, we got.
I don't know what this is like maybe a Roman or Greek warrior
here looking very regal here in the midst of battle and it goes
or conquering battle and it goes how my grandchildren will
imagine me fighting for Bitcoin in the 3rd and 4th epochs.
Yes, boys, you don't stack sats for your first name, stack sats
for. Your last name I saw this is
kind of reminds me of like I saw something the other day, right?
Which is this this very important concept that after you
die, you will be forgotten within two generations or a
generation, right? I don't think so.
And the reason for that is simple.
Now there's the Internet. What you do lives on forever,
right? And it will always echo an
eternity, right? So, so like it's just like I
think with with these types of things like this imagery, right,
Like this person didn't exist, but I guess it was like what
they perceive the Greeks to be like if you think about the
battle 300, like, you know, and then they they comic book it and
they make like the movie 300 and then like the actual battle was
different and whatever. But like kind of like Alexander
the Great, like the mythology of it lived on.
Everything we do is kind of documented at this point.
Like there's a video like like the videos aren't going away,
right? Like especially if the thing
isn't like if The thing is popular enough, like and the the
Internet continues to persist and exist.
Like none of this is going away. So why am I saying all this?
Why am I going on this tangent? Well, what you do now right in
terms of your stacking and your whatever, your great, great,
great, great, great, great, great great grandchildren.
We'll be able to look at you like like in video like see you
talking about Bitcoin when this thing was at $70,195.
So when we. Say Granddaddy was an absolute
legend. Like it, It's crazy, right?
Like if we're right about Bitcoin, this thing persists,
You know, this thing lasts 1000 years or whatnot.
Yeah, I mean, it's gonna be nuts.
What's Nika? Sorry, I don't mean to cut you
off, but what's that one quote? It's something on the lines of
your words and your actions echo into Infinity, and it kind of
goes back to everything we say here on the show.
It's like you as an individual, you may think you have no voice,
no power, but your behavior on a day-to-day basis does affect
what happens into the future. And just remember your role in
in the future and in building a better world.
Like we all have that power now. Bitcoin has given us that power
anyways. Because sorry, No, no, no.
Just great, great. OK, I do have a few more and
this one these I added these kind just kind of because of all
the things going on in GameStop. Shout out to the BTC therapist
and he goes the financial system is broken and we have roaring
Kitty here and I I forget what is Reddit name it's like deep
value something anyways, he goes with the GameStop guy roaring
Kitty goes post his trading positions.
It's market manipulation and then we got Nancy Pelosi here
makes 1,000,000 insider trading and it's completely normal.
No, no, nothing's going on here. I don't I don't know you know,
just let's let's get roaring Kitty in jail and on the Senate.
But let's you know let's not talk about the fact that Nancy
Pelosi is the greatest trader of our generation.
All right, this next one, shout out to Marty Ben, this one just.
This is posted while we went live I.
Saw it popped up and so you know, here's I guess the live
stream. I we were live so I wouldn't
been able to. See 112,000 people watching live
just to kind of give you guys an idea of how dead the mainstream
media is and how you are now. The media that is more views
than CNN or CNNBC or all these professional the news channels
gets on an average basis. This guy in a fucking like just
sunglasses talking about a GameStop like was getting is
getting more views right now. That's the same case with Tim
Poole. It's the same case with Joe
Rogan. It's the same case with Mr.
Beast, right? The Internet is now you are now
the mainstream media and on you it is you.
It is no longer CNN. It's no longer Fox News.
Anyways, I just want to say that.
Yeah, no, that was great. All right.
So before. Before, before I read the post
for the audio listeners, let's let's zoom in on on our Kitty
right here. I just.
Like do mad drugs. Like she's a billionaire and
he's like, let me just buy this fucking mansion.
Start fucking popping, Perkins. Incredible, incredible.
Well, on that main Marty bank, this guy's been on a three-year
long accent. Tree like he looks like he's
taking. Mad drugs.
Let's go on. Let's get Ghost of Women a
second one, because this is my queen.
Oh man, I'm reminded of the the quote that Elano he says.
You know, the the most likely outcome is the most hilarious
one. And man, this is absolutely
incredible. Absolutely incredible.
All right, guys, drop your meme review score in the chat as we
cover ours live. I completely forgot to get a
score. Sonika, you got to go first.
I'm going to give it this extremely fancy journal.
That's my score. Fancy journal.
Anyways, Opti, what would you give those memes?
OK. I I'm gonna give it these epic
Crocs that Nico is jealous of. I am.
Super jealous of those. Those.
Are so I would wear those every. I mean, I wear Crocs every day,
but I would wear those specific Crocs.
Well, the best part about this is I didn't actually buy them
and there were a gift, but they're lit.
Opti is Opti is stylish if you meet him in person.
I am. I'm black or white, so like I'm
either. If I'm at home comfortable I
look like a homeless dude if I'm out and about.
Miko literally looks like this every.
Day every every other dress 'cause I grew up in Miami so I
know how to dress. No, no, only Niko.
Only if it's like an important event will you dress well.
Every other time, Niko is in a hoodie, basketball shorts and
Crocs. OK, comfort over everything,
man. That's that's my life right now.
Anyways for? Anyone who's not for anyone
who's new to simply Bitcoin first of all, shout out to you,
bro hope hope you subscribe or gal appreciate it and if you're
new to the meme review, what you do is you drop your meme score
in the live chat and we'll read it loud on air.
All right, Opti, let's do this, OK?
Opti bastardo, poor son of poor of poor dad, Opti field.
Oh my God. Score Dad wants to get beers
this weekend and get to know your son.
All right, Soshi Satoshi meme score is a healthy dose of 1990s
dad rock to get this bull markets rolling alone.
Thank you. Yeah, that's 2002, I think.
Elaine, a meme is the truth. A meme can never lie.
If it does, it's not a meme, it's just an ad.
So true. SPI give the memes Nico's
passport by Foundation hardware wallet.
Yeah, absolutely this knock. Nobody should have the right to
print money that another man has to twerk for.
That is so funny. Robert Schmidt, a one year
subscription to Nancy Signal Group.
Oh man, it's, it's so great, so great.
So great. OK, I just killing it.
I OK, we got a few over on Rumble, shouts at the Idol
thread. He goes meme score Rory.
Oh man, Roaring Kitty's monthly subscription for Bum Bum
renewed. OK tacos score anything but
Creed please. Not like this.
Oh, man.
All right. Well, guys, thank you so much
for tuning into somebody. Honestly I'm going to do a hot
take here. Not a fan of Creed at all.
But hey, you don't. You don't want them to take you
higher. I do want them to take us
higher, but I, I do have two last things I want to say, Nico.
First off, the Oilers are going to be the Panthers.
They're America's team now We have, we have, we have
confidence Canadians, they are American now we we have taken
them. We have, yeah, we have a SERP,
the Canadian team and they're America's team.
Now I'm wearing the hat 'cause I lost the bet to the Bitcoin.
Well, guys. A little bit a little bit of
context because this is absolutely hilarious.
So first of all, like the Panther Stadium was like 20
minutes away from my house. Like it's super close.
Like like I always knew that Florida had a hockey team, but
like I didn't care about hockey. And then we hang out with the
awesome guys over at Bitcoin. Well, incredible team and of
course, you know they're from they're from Canada and Canada
is super, super like it's the sport in like it's the sport,
right. And we saw a hockey game and it
was fucking awesome. Now I'm a huge hockey fan, but
what are the chances that the Oilers, which is the Bitcoin
well team because they're from Edmonton, go against the
Panthers, which is obviously like the Miami team 'cause
that's what's close by. Those are the two teams in the
finals. What are the probability of
that? Not very high, which I find
absolutely hilarious and of course, Opti lost the bet, which
is why he's willing wearing the Oilers hat.
I gotta say though, like you know, I love the Panthers go
Panthers right and there's palm trees and stuff, but like the
Oilers brand is badass. I think it's.
Pretty cool. No?
No go stars, go stars. What are the colors for the
stars? It's green, Black.
Yeah. Go Stars.
I don't like that's green, that's.
Go stars, let's pull the Oilers. Orange bro.
It's there's there's orange in the in the face.
And the last thing I wanted to say today is go subscribe, go
check out simplybitcoin.substack.com.
We're dropping fire our our rider. 4000 subscribers No.
Yeah. We, we wanted to push that
today. We're going to do, I believe
this next week we're going to do kind of like a greatest hits of
all, all the written stuff. We're going to put it into one
for you so you don't have to search for everything.
But yeah, go check out our sub stack guys.
We drop you. It's it's kind of becoming a
running narrative every Monday of kind of like our our in house
rider of what he's seeing and different takes on what's going
on. So go to
simplybitcoin.substack.com and. It'll simply Bitcoin dot news
and it'll. Take Oh yeah, simply Bitcoin dot
news OK. And the last thing is guys, eat
some good food, get outside, enjoy, enjoy, enjoy.
Take a walk. Yeah, get, you know, get a
little exercise in hang out with your friends and family.
You know, the person you're yelling at on Twitter will be
back when you come back. So get outside, touch some
grass. Really appreciate you guys.
We love you. We'll see you on Monday.
Absolutely guys, thank you so much for tuning in this week and
make another another week historic week in Simply Bitcoins
history. Appreciate all you guys.
This is your episode for June 7th, 2024.
I'm your host Nico. As my legendary Co host Optimus
feels we're Simply Bitcoin. Have an amazing weekend
everybody, and we'll see you Monday for the Monday show of
Simply Bitcoin Live Peace Out. This episode was brought to you
by bitcoinwell.com on a mission to enable independence.