It's all going to zero against Bitcoin.
It's going up forever more. You're against Bitcoin.
You're against freedom, yo welcome to the Bitcoin live,
your number one source of the peaceful Bitcoin revolution
cover. You can use culture matic
warfare. We will be your guide through
the separation of money in state.
Ladies and gentlemen, it's going to be a crazy epic show.
Michael Saylor dropping an $8 million prediction on the stage
of BTC Prague. And I mean, it sounds completely
absurd, $8 million Bitcoin, like let's just get to 100K first.
But I did a little bit of research this morning.
I spent about like an hour and a half prepping for the show.
And I, I kind of went through the rabbit hole like, is it that
absurd? Is it that crazy?
Is this $8 million, you know, prediction?
Is this $8 million anticipation of Bitcoin coming?
Is it really that absurd? So we're going to ask that
question today. We're going to go, we're going
to go through all the data, all the facts and we'll, we'll,
we'll get to it. Also, in other news as well,
seems like US Representative Thomas Massie read Safedine's
the Bitcoin standard and that led for him to propose on, on
Congress floor to end the Federal Reserve, which is just,
it's, it's fascinating. I mean, I would say we just got
to give copies of the Bitcoin standard to everybody, or at
least, you know, the, the Cliff Notes, because I think they
would look at things very, very differently.
I think if people understood what is money, I think if people
fundamentally understood that the, that the scam of central
banking, the scam of Fiat money, I think I think they would start
to ask questions. And that really boils down to a
lot of us Bitcoiners. We really got to push that
message forward, really get people to ask the question not
only what is money, but why should I be using a money that
steals from me? Like the whole idea that money
needs this magical 2% debasement in order to function is
absolutely absurd. Wouldn't the world be a better
place if everybody and it doesn't matter who you are,
doesn't? No one gets a special privilege
if they earn and money that not only does it maintain purchasing
power, that purchasing power actually increases over time.
I would like to believe that the world would be a much better
place for it, in my opinion. And you know, and we, we just
need to get that message out there.
We need to get that that belief into the minds of everyone
worldwide because I think the world would be a much better
place. I think the world would be a
much peaceful place. I think the world would be a
much hopeful place if we got that out there.
I think a lot of the divisions, a lot of the insanity that we
see right now come from Fiat. It comes from broken money.
And I think people inherently know in their bones that
something is wrong with the system, but they continue to
seek a political solution where this is not, there's not a
political solution to this. It's not Donald Trump, it's not
Joe Biden, it's not the candidates in your your party
that are saying if you elect me into into power, we're going to
fix all your problems. The problem is broken money.
And if you fix the money, you fix the world.
I truly believe that, and that's just because I know what it's
done to my life. I know what it's done to El
Salvador. I know what it's done to my
friends and family who have adopted a Bitcoin standard.
The more time that they're on a Bitcoin standard, the life just
gets progressively better. All of a sudden, they have hope.
They start caring about their health.
They get more spiritual in a way, like it's crazy what
happens when you adopt Bitcoin. So we're going to get to all
that. It's going to be a bullish
Monday episode for you guys. Of course, you know, start it
off with some signal and we have a very special guest for you
guys Today. I'm bringing up my legendary
first to introduce them. Got Optimus feels in the house
with a straight face. Opti.
I don't know what it is about Monday bro but Monday is always
rough to get started. How you doing dude?
I'm doing good. You caught me in the middle of
something. I, I forgot to put some tweets
out, so you know I'm doing that right now anyways, anyways, man,
it's it's hey, man, we're living the dream.
Life's wonderful on the Bitcoin standard.
And hey, we're early to the party.
So here we are. We get to watch as the whole
world adopts the best money in the world.
Love to see it, love to be a part of it.
And yeah, man, honestly, Mika, last week was a rough week for
me. I'm not gonna lie.
I was hurting. I like was almost kind of
getting sick. This week I feel a lot better.
So we'll see what happens. Hopefully I don't actually get
sick here, but man life's good life's good.
Let's let's bring in our guests. Let's get the show started.
So today we got the one and only Justin Orkney on the show we're
going to be he's been on a crusade recently about energy
and Bitcoin mining. He's been dunking on solar
powered and wind as well. So we're going to touch on that,
but also Justin just made the move down to El Salvador, so
we'll touch on that and what he's working on and then cool
things that he's seeing. He's literally down there.
It's raining. The whole city's shut down
South. Anyways.
Justin, how you doing today? Buenos Dias.
I'm doing really well. Happy to be here, guys.
I'm excited and sorry. Sorry.
I missed, you know what? Two Thursdays ago I missed it.
I didn't flake out. I had to change my flight from
Thursday to Friday to get down here and so that was why Los
Siento, but I'm here now. It's all good.
I'm just trolling you, bro.
I'm just trolling you. Good.
Yeah, man. Well, happy to have you on the
show. Looking forward to talking to
you about what are you, what are you going to explore in the
culture segment, Opti. Bitcoin and energy and then also
some some cool stuff that Justin's working on down in El
Salvador. He just made the move, I don't
know, like what this week basically.
So I think we got a good show for you guys, absolutely.
Man, well, I'm looking forward to it.
It is Monday. We got to start off strong.
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All right everybody let's hit the numbers lots to talk about
today. Let's check it out.
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At the time of recording, the Bitcoin price is 65,900 stats
per dollar 1517 block height 848,361 blocks to having 200 and
1639 having estimate March 25th 2028 Total like network capacity
4800, Bitcoin capacity value $316 million realized monetary
inflation 1.59% market capitalization 1.3 trillion
Bitcoin verse gold market cap 8.13%.
In the grand scheme of things, we are just getting started.
All right everybody, this is the video that I wanted to show to
you guys. This is crazy.
This is what we mean about moving the Overton window.
This is what we mean about breaking the Bitcoin echo
chamber. This is what we mean.
We need more of this. We need more representatives, We
need more people. We need the mainstream
consciousness reading Safa Dean's book, The Bitcoin
Standard. We need more mainstream
consciousness asking the fundamental question, what is
money? We need more of mainstream
asking the question, why do I need some money?
Why do I need to use the money that steals from me?
Why do I have to use the money that is that is constantly
debasing? Don't I already pay income tax?
Why do I have to pay this too? Those are all extreme, extremely
important questions. And remember, the reason that
they're so powerful is because they don't have a response.
Like they don't know what to say.
They don't know they don't have a good answer to this.
Politicians are just going to gaslight, and gaslighting only
works if the populace is not informed.
So let's check out what Representative Thomas Massie has
to say after reading the book The Bitcoin Standard solutions
of this government. And I, and I was actually
listening to an audio book by Saifa Dean Amuse called the
Bitcoin Standard. And I'll, I'll warn anybody who
wants to listen to that book, the 1st 80% of it, it's not
about Bitcoin, it's about money and what is money, which I think
is important to understanding Federal Reserve.
And also, but he, he has to lay that down so he can explain what
Bitcoin is, because you can't assume everybody knows what
money was. And frankly, I learned some
things or picked up some vocabulary that I didn't have
about it there. And I'm was listening to that
tape and I'm like, it is time, it is way past time to
reintroduce a bill to end the Federal Reserve.
And so I put it in the hopper and I thought, man, I may be the
only one, Maybe I'll get two or three Co sponsors, but I don't
care. This needs to be done.
I got two dozen Co sponsors. So we, the number of Co sponsors
of the bill to end the Federal Reserve in 10 years has gone up
10X, which is remarkable. Yeah, that is NO10XI mean we're
making progress everybody, but we're not quite there, right?
And it's, again, it's a, it's a, it's a, it's two punches, right?
Punch #1 is punch number one is Bitcoin, which gets people to
ask the question, what is money? Why does why?
Obviously this is better money and punch #2 is as more and more
people ask what is Bitcoin, as more and more people come to the
realization that central banking is inherently evil, all roads
lead to Bitcoin. I think that's incredibly
important to pull to point out. Anyways, here is Breedlove
saying thanks in part to the work of Safedine.
The question what is money will be regarded as the defining
question of our life, of of our time in history.
And just to kind of go through a bunch of things, right?
Central banking enabled the war, the world wars, right?
Central bank was established in 1913.
Do you think it was a coincidence that the World War
started 19/8 like a couple years later?
I don't think that's a coincidence.
Do you think that it happened the World War 2, the largest
World War in human history happened with central banking.
I don't think that's a coincidence.
Why have the biggest financial crisis happened under central
banking? Why was the thing?
Why was the establishment of the federal income taxed established
the same year as the Federal Reserve 1913?
Why is that a thing? Like, why is people?
And and then again, it comes to this idea of like, yeah, like
we, we somehow like we need to and the SIOP is crazy, right?
We need to pay a percentage of our income to Washington, DC in
order for the for the country to, you know, run itself.
Like that is absurd. And then not to mention the fact
that they can't help but to spend more than they collect in
tax revenue, which is, of course, is through currency
debasement. And they don't talk about what
the unintended consequences of that is, right?
So these are all very important questions.
Once you take the Bitcoin, once you take the orange pill, you
inevitably will ask all these questions, what is money?
Why do I need to use? Why are you forcing me to use
this? Why is this stealing from me?
And again, I don't think they have a good answer to that.
I think that they've been riding on the fact that the populace is
uninformed. They're riding on the fact that
people weren't armed with the power of the Internet, which
allows them to do their own research.
It allows them to consume the media they want to consume.
There's not just a handful of captured media sources anymore.
So there's this great awakening that's happening, but we have to
remain vigilant. You guys are the vanguard of
this revolution. You guys have to keep in mind
that it's not left versus right. It is green versus orange.
We are at war with the party of orange.
We are sorry, the party of green.
We are at war with the party of Fiat, the party of slavery, the
party of central banking, the party of central planning.
And that's what we want to. That's what we want to take
down. We want to take them down, but
we don't. We want to do it peacefully.
This is a peaceful revolution. After all.
All we got to do is win over the hearts and minds of individuals
and again ask get them to ask a very fundamental, but very basic
question. What is money?
That's it. That's all you got to do and
then Bitcoin will do the rest Bitcoins incentives anyways.
Opti, I mean, bro, we're we're making progress.
Bitcoin more than 10 XS and then the amount of representatives
that want to end the central bank is 10X ING as well.
I mean, dude, if I was a central planner, if I was Christine
Lagarde, dude, I would not be sleeping well.
Yeah, I mean, look, I think Thomas Massey said something
very important that I don't hear a lot coming out from
politicians and probably not even from bitcoiners themselves.
Is is the quote where he said like, we can't assume everyone
knows what money is. And I, I try to explain this a
lot of times on the show as well.
It's like we are so far down the rabbit hole that we assume
everyone knows what we know and we really got it.
Always go back to the basics here and like explain the very
simple things of like what is money?
How does the banking system work?
But do it in a way where like their eyes don't gloss over.
So I'm glad that the Bitcoin standard is making rounds
because I think once anyone reads it, they start to open up
to a whole new vein, a whole new perspective on what is actually
happening in the world. And to the point that you kind
of stress and Thomas Massie said himself, you know, there's two
dozen Co sponsors on on that bill, which I think it's very
interesting that other politicians want to end the Fed
as well, considering that most people would probably believe
that the powers that be is like one monolithic entity and
they're all in this together to steal from us.
I think there's some hope that there are some politicians out
there that that really do want to do good.
And they're probably just like beholden to interests that are
outside or rather in the background.
You know, we we being nice outside of their control.
But there's a lot of things going on in the world that are
playing out in the background that we don't really see
publicly. And it all has to go back to
what we say here every single day on the show.
Like it always goes back to the money.
The money is broken. Hence why we always say that
Bitcoin fixes this. And if you get to the root
problem of the situation, which is the money, then you start to
unravel the crazy stuff going on in the world.
So I think it is hopeful that the Bitcoin message is
spreading. And of course, it's becoming the
defining conversation right now. And everyone and their mother
will not be able to avoid this. So it is working.
We are on the front lines. I don't want to say we're
winning, but it feels like we're winning.
Absolutely. Justin, what's your thoughts?
Justin, what's your take on this?
My take is it's raining and I went and got some of the rain.
I love it. So yeah, guys, absolutely.
I think I'd be really interested to know, you know, I went with
Dennis Porter and Satoshi Action Fund to hand out books, the
Bitcoin standard and a couple others 2 January's ago.
And so I think like that I can't help but think that he didn't
want to read the actual book when he got it on audio.
His staff gave it to him on audio and that's perfect.
And then he listened to it and like, that's how it goes.
That's how it starts. But you're absolutely, I mean,
Bitcoiners, we know this, it's the money.
And I was on his faces. I just popped in because, you
know, I'm down here, I'm new. I know the hostel staff, I know
most of the security guards and those guys.
I went on this basis because, you know, I'm sort of here and
talk to people and it was about like Israel, Palestine.
But then there's this guy, Truth Teller, and he was just going
like. Back to the beginning of time
and then all the way up to end the Federal Reserve and you
know, Magna Carta and property rights and you know, again,
Israel, Palestine, like confiscation of, of land and you
know, whatever. And so then I went up and I
said, you know, I and Maz, I was on her spaces a while ago and I
said Bitcoin a couple times and she got frustrated and I went up
and I said, all right, well, I won't, I won't use the words
like no, go ahead. And I was like, no, I'm going to
talk about it without using the word B, the B word and, and I
did and you know, like a few 100 people in the space.
And as like guys, money's a technology transfer value
through space and time space with your, with other people
solving the coincidence at once time with yourself for your
future, your monetary energy, like Michael Saylor says.
And you know, I just said some stuff for like, I don't know, 5
minutes and then I went back down and they like, it's like I
never existed. They just went right back to
talking about religion and get the money changers out of the
temple Guys. Hello.
Who are the money changers? And it's, it's wild.
Like I was trying to be as obvious as possible with the
solution. Like Nico, you say, this guy,
truth teller, he's very good at knowing all the problems.
And we all know the problems. And at least I mean, that's the
start, right? People are becoming aware of
like, OK, well, what is inflation, right?
It means I'm losing person power.
But it's like, guys, there's a solution and it's not hard.
And then there was this guy who's like, well, like, you
know, he went a little wild and he said some stuff and everybody
kind of freaked out about like violence.
And then there was another thing I put, I was like, you guys,
Bitcoin's a peaceful revolution. Like your shirts, that's a Noah.
Where's he at? But yeah, they just, they told
it's like no one was listening or they ha ha Bitcoin.
It's wild. And so, you know, I think it's
one of the reasons I'm so excited to be down here is
because it's so different guys, because you can talk to about
Bitcoin to anybody and a lot of people don't know and people
might have thoughts about Buchelli and this and that and
like, you know, government mandating.
No, he didn't mandate anything like I can pay for my hotel room
at this Hyatt Centric in San Salvador, but there's you can't
use Bitcoin and almost all the gas stations all like people
have the choice to not use it and they aren't, but they're
willing to listen. And so I had asked the security
guards for two minutes at a time and download WADA Satoshi and
then I give them a tip for their service for my security and it's
awesome. And so, yeah, I mean, it's it,
it is not about red versus blue, it's about green versus orange.
But it does matter who the leader is.
And if we have two octogenarians, you know, like
that's stupid. Get a leader's a little essay,
you know, See what happens. Absolutely.
All right everybody, before we move on to the new segment, I do
want to give a very, very special shout out to our
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All right everybody, let's head to news.
Lots to talk about. The Daily News.
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For more information. All right, everybody, let's talk
about this man, the Chad sailor dropping absolute fire at the
BTC Prague conference. And the name of his presentation
was 21. Let me it was.
It was. 21 lessons. Or 21 rules, 21 rules for for
navigating Bitcoin. And he dropped a lot of stuff in
this presentation. Now before I get to the absurd
number, which is like this $8 million number, some were saying
basically 70 million, which is fucking insane completely
completely outside of the Overton window in the eyes of
bitcoiners, right? The general like comment and
thing that I always get is like, let's get to 100K first.
And I completely agree. By the way, if you guys are
enjoying the show so far, make sure to smash that like button
help us break 100 likes on the live show within the first 30
minutes really tells the YouTube algos to push it forward.
If you're watching us on Rumble and on X also make sure to smash
that like button, share the video, help us push the orange
signal forward. Anyways, before I get to all
that, we have to, if you want to take a look at what's going to
happen in the future, it's probably a good idea to take a
look at what happened in the past.
So first I'm going to start off with this.
This is Pete Russo, huge fan, works at Bitcoin magazine.
I think he does some writing for Forbes and Kraken as well.
He's the editor at large and he calls himself and I would agree
with him. He is the Bitcoin historian.
So he kind of goes back in time and he shows you little things
that have happened throughout Bitcoin's history.
And it's really important to remember.
Like if Michael Saylor came out of the blue and he just said
this is going to happen with Bitcoin, you'd have to take a
look at his track record for predicting these types of
events. So first, here is a video of
Michael Saylor explaining why Apple's iPhone was revolutionary
exactly 11 years ago. So this was before we had this.
This was like when the first iPhone was released and it was
like kind of, you know, it was it did, it was, it had limited
functionality, had limited thing.
But Michael Saylor was a visionary to explain that it was
going to completely change the world.
Now, back then, if you guys remember, the BlackBerry was all
the buzz, the BlackBerry with the keyboard.
No one thought that a touchscreen phone that allowed
you to browse the Internet, allowed you to go on YouTube,
allowed you to use Google Maps in a seamless way and a human
friendly way that was never going to take on like I, I
remember, I remember that I was, I'm old enough to remember that
type of stuff. So it's important.
You have to look at his logic back then just to compare
because essentially he's doing the same thing.
He's prophesizing. He's predicting a lot of these
things are going to happen with Bitcoin.
He did the exact same thing with the iPhone and the smartphone
revolution, which completely changed the world, right?
Everyone's plugged in now. You know, this wasn't a thing 15
years ago. You had BlackBerry, but that was
like BlackBerry Messenger. That was the thing.
Now your iPhone or your, your smartphone, your Android device,
it literally does everything. You want food delivered to your
house. You want an Uber to pick you up
You want directions, You have a question ChatGPT it it also
functions as a Bitcoin wallet. Everything and anything your
smartphone does, it's like a computer in your hand right?
So anyways, let's check out this video.
Look, I mean, Apple Computer was like worth 3 billion twelve
years ago and then went to 600 billion.
If you ask me, Apple Computer's going to $2000 a share, right?
I mean, I'd be very, very long in that company.
Whoever's selling that stock must be a moron, right?
I mean, this, this is a company that's going to actually have 4
billion devices out there. If they roll them over once
every four years, they're going to sell a billion devices a
year. And, and the thing that people
they don't get right, you either get it.
You don't get it. I'm going to come back to your
PC question. I don't know a lot about PCs.
I bought 10,020 thousand PCs in my life.
I got 3000 sitting underneath my desks.
You put a Dell computer underneath the desk.
You don't care that it's loud and and it's hot and it's a
power hog and it's ugly and it's heavy and it's like an ugly
beige cabinet with screws showing.
You don't give a crap. You just want it to be $400.00
or $500. OK?
You put a phone in your pocket and you sleep on it or next to
it. You care whether it's hot.
You care what it looks like. You care the the battery life.
You care about the radio. This is an iPhone 5.
This runs 10 times faster than an iPhone 4.
There's not an 8 year old on the planet that doesn't want an
iPhone 5, right? Who wants to wait 42 seconds to
watch something download instead of two seconds?
Nobody, right? You don't have to be a genius to
run Apple Computer. You just have to, every year and
make the product a bit lighter, a bit more elegant, make it a
better radio, make it a better battery.
And then I sat with, you know, one of the 10 richest guys in
the world for dinner three nights ago, five nights ago, and
we had dinner for four hours and he didn't have to talk, you
know, I didn't have to talking and at one.
And he's much more successful than I am.
I understand that, by the way. As I said, it's like it's, you
know, sometimes you got to do other things than just have
opinions to make money, right? There's a lot of execution
involved in the rest. But I have opinions.
So. So he said to me, you know,
Apple Computer, can these guys hold their prices?
You know, aren't, you know, aren't they going to follow the
model of the PC industry? Aren't their prices going to
taper down? Their 40% margins can become 30
and 35 and 20. And it's another example of
people just know enough to hurt themselves, right?
If you're going to know a subject, you better know the
subject because because being like a, you know, dilettante and
knowing. So, OK, he got that absolutely
right, completely right. Like the smartphone completely
revolutionized everything. And specifically it was Apple.
First time they announced the iPhone, Steve Jobs, that whole
thing. I remember I did not buy the
first iPhone. I think I bought like iPhone 5
where I was like, OK, you know, this thing is awesome, right?
And of course, you know, that led Android to be a competitor.
Windows never got on the, you know, on the smartphone thing,
and now everyone either has an iPhone or they have an Android.
He nailed that, right? If you had money invested in
Apple before they announced the iPhone, and then when they
announced it or whatever, you would have made an absolute
killing, right? So he nailed this.
And this is the same man that's telling you what his thought
lot, what his thought process is.
So this leads me to the next thing, which is all your models
will be destroyed. Sailor on stage predicted he
believes a 24%. And when they're talking about
cigars, CAGAR basically means like compound interest and for
Bitcoin in the next 10 years is extremely conservative.
That would be 600,000 by 2034 when Godzilla comes to the
playground, your model of what wins the game are irrelevant.
Now I know I know what a lot of you guys are thinking like you
know, it seems seems kind of bearish 600,000 by 2034.
I would agree. But anyways, that's the
conservative part. Anyways, this goes on to say
Sailor claims for digital capital has the potential to be
half of everything in the world where we where we are yet to
imagine. And the reason I played for you
guys, this video in the beginning is kind of give you an
idea of when he was making this prediction.
You have to understand that the iPhone was not a thing, like it
was not it was it like what you guys take for granted today on
what your smartphone could do that wasn't even considered.
That wasn't even a possibility, right?
So it's important to remember that it's very hard to think
into the of what the future would be like because
essentially it's like trying to go back to the 1990s or the
early 2000s and say, hey, you know what, in 20 years, we're
all going to be talking simultaneously through to each
other via Zoom or we're actually going to be making shows our
self uploading them or like we're going to be the content
creator yourself is not going to be, it's so inconceivable.
So to think that in 10 years, again, it's going to be
completely inconceivable of the things that Bitcoin is going to
allow individuals all over the world to do anyways.
He goes on to say he said this will drive up by 1000 percent,
1000 times, which is $70 million per Bitcoin in today's dollars.
Now, sounds a little bit absurd, definitely outside the Overton
window, overly bullish. So let's look at the short term.
Here's Fred Krueger, huge fan of the Bitcoin power law.
We had Giovanni on the show the other day and he had some
thoughts in relation to Michael Saylor talking about his $8
million prediction. We played you guys the video.
It's kind of like a like a cut up produced video of a part of
his speech where he mentions the $8 million per Bitcoin.
And here's Fred Krueger and he says you can definitely model
Godzilla. He has been stomping around for
15 years. Bitcoin will grow at 24%.
Compound increase is in fact a rough model.
The actual data says the following.
The compound growth is closer to 44%.
The compound growth is on the path to to decrease 34% to to
34% within decade and 24% within 2.
The volatility is about .3 in log space.
So I did some of that math. Let's start off with $65,000
Bitcoin. This is a compound interest
calculator by the way. Let's add the six years until
the end of the decade. Let's introduce the estimated
interest rate according to Mr. Krueger.
And if you do the calculation that gives you a half $1,000,000
Bitcoin by the end of 2030, which is online with a with a
lot of people are predicting. Now here's where things get
absolutely crazy. This is where things get
absolutely insane. And I think this is the power of
of compounding. So let's talk about the next
decade like the 2030, right? So Fred Krueger here estimates
that after the end of the decade, the model is going to
decrease to 34%. OK, so let's start off with
let's assume that Bitcoin will be 582,000 by the end of the
decade. Now let's add the next decade,
the next 10 years. So 2030 till 2040.
Let's estimate the interest rate.
Let's add a very variance rate of 10, which will allow us to
incorporate the decrease to 24%. And let's do the math and it
leaves us with a $10 million Bitcoin 10 point ten 10,800,000
by 2040. Now let's do the year the, the
decade after, like he said, and 24% within two decades.
So let's make the next assumption.
But let's take a conservative approach, right?
Because it's important to be conservative of all this.
Let's just say that it actually wasn't a 34% increase.
Let's just say it was just a 5 million percent increase, right?
And now let's introduce the 24 percent expected compound
interest rate for Bitcoin in two decades.
So the year 2020, two 25 years basically, so 20/20/50.
And let's have that conversation.
So let's assume that it's $5,000,000 per Bitcoin.
Let's do an inch, let's do a length of time of another 10
years. Let's do an estimated interest
rate of 24. And if we do the math, this is
where things get absolutely nuts, right?
So when he, when we're hearing these types of things, the $70
million mark and you actually run the numbers with the most
conservative estimates, doesn't sound so fucking crazy anymore.
It just takes a lot of time, right?
So I mean, it's absolutely crazy.
It's absolutely insane. And by the way, I would say that
this is in today's dollars, which is absolutely incredibly
bullish. Anyways, Opti, what's your take
on all this brother? Yeah, well, first and foremost,
I just love seeing Sailor being absolutely stupidly bullish on
Apple as well. You just love to see it.
It's just like in his nature, it's like we're we're we're the
same people. I love it.
I absolutely love it. And also like one thing that
that kind of hit me while you were saying that, like it's
crazy how long the iPhone has been like a part of modern life.
And it's really like a short time frame when you really look
backwards and how inseparable it is with like the modern world.
You know, I know there's like a movement right now of everyone
trying to go to like, like flip flops because of all the
surveillance and the iPhone, it's like they're, you know,
they're tracking all of our data and we're all like, man, maybe
we got to go move back from smartphones.
But remember, we have a supercomputer in our pockets.
And for better or worse, like I love the iPhone.
It worked. It does everything I need to do.
It's beautiful. You know, I watch videos, I
communicate with my family. Like it's great.
I absolutely love having a supercomputer in my pocket.
And this is where Bitcoin is going like right now, probably.
I'm sure if you can, for the people out there, if you map out
how long the iPhone was out and how long the Apple stock was
out, I'm sure you can find some connections and correlations in
this. And like, Bitcoin's still early.
We're still so early. And there was one thing that
Sailor said I really enjoyed in that clip.
It was the meme of like. Most people know enough to hurt
themselves. And I think that's a perfect, a
perfect meme or a perfect example of, of people's quote UN
quote understanding of Bitcoin because most people think they
know what Bitcoin is. You know, it's a speculation.
You're just gambling like you're in it for the Fiat, bro.
And then once they really dive into the the weeds of Bitcoin
and what it does, they start to realize how big Bitcoin actually
is. And it kind of reverts back to
what Thomas Massie was saying in that first clip where once he
understood the Bitcoin standard, he's like, oh, wow, this is this
is huge. This Bitcoin thing is huge.
Like someone said in the chat, like, I don't know if you know,
but this Bitcoin thing is kind of a big deal.
And this is where we're going. Bitcoin's going to fundamentally
change the fabric of society and we're all here for it.
So I absolutely love it. And then on the 8 million price
prediction, like I just love the 8 million price prediction with
no time frame. Like that's a legit speculation.
Like I absolutely love it. But wait, hold on a second.
Hold your thought. No, no, no.
So, OK, so according to this by the end of 2040.
OK, OK, OK, OK. By the.
End of 2040, if Bitcoin does a 24% compound growth, it's about
5 million at the end of 2040. By 2040, if it does a 34%
compound growth, it's a 10,800,000.
Okay, love it. Okay, so there was a time frame.
I absolutely love it, so I take that back, but I'm a simple man.
I still revert back to how Finney's bullish prediction of
10 Mail and I'm glad we've got some maths there.
Of course, no one knows where the price of Bitcoin is going.
Infinity divided by 21 million. All we know is that the price is
going to go up. It's going to continue to go up.
And but we're human and of course we like models.
We like to map out where this is going.
So I always think that this stuff is probably good for
people to wrap their head around how big of a deal Bitcoin
actually is. But hey, all I know is I'm
stacking Bitcoin. Yeah, exactly.
And then, and then I'll say this, right, because I know what
a lot of you guys are going to be in the chat.
And it's important to remember, remember, right, that this we
have to look at the past just like we looked at what was
happening with Michael Saylor to take it to have an idea of what
is going to happen in the future, right?
So you have two videos that I played for you guys.
This is the guy making the $8 million prediction.
He was completely right about Apple.
And when you hear these absolutely absurd numbers that
are just completely unbelievable, it's important to
look at the past. If you knew that Bitcoin was
going to go to 71,072 thousand, you know, a decade later when
the price of Bitcoin was $100, what would you would have done?
What would you would have done? You would have you would have
done everything in your power to stack as much Bitcoin as
possible. So here's one of the early
videos of a Bitcoiners celebrating Bitcoin passing
$100. History be made.
Bitcoin is now up to $111. It's an all time high and it's
continuing to rise. I've seen it break three times
today, went up to 110, and this is the highest that it's been.
It's ridiculous. Last trade 189 Bitcoin for $111.
You hear that? That is crazy, dude.
That is crazy. So it's important you you should
look at the past if you want to take a look at what's going to
happen in the future. Sailor has a great he has a
great, great track record. And so does, you know, take a
look at this video. And I'm positive that this is
going to happen in the future. People are going to take a look
like, dude, remember when Bitcoin was at 70K when this
thing is at a couple $1,000,000 a coin and you'll be like, dude,
I had an opportunity to buy AT70K, but I thought it was too
much. So anyways, that's where I'm
going to start Monday just to kind of give you guys something
to think about, give you guys a little bit of hope.
Seems like our friend over here interested.
What are you doing? He's a little bit busy.
So we're going to move on to the culture segment.
Hey, whoa. Whoa, whoa, where'd you guys go?
What's your thoughts on this bro?
Yeah, I can't remember Go. So we're gonna move on to the
segment. I do want to, I do want to give
a shout out to, of of course, our friends over at Orange
Palap. Guys, this is the Bitcoin social
layer Stack friends who stack stats join the 10,826 Bitcoiners
that are currently on the app. It's a great resource for you to
connect with Bitcoiners if you're currently travelling, if
you're on the move and you don't know any bitcoiners near you,
the Orange Palaf has a really cool geographical feature that
it will show you the bitcoiners that are near you.
Also has a very clever filtration system.
So you only find like minded, fellow minded people that are on
the app and it's one of the best ways to reach me directly.
This is the best way to send me Adm and I take the time to
answer back each and every one of you guys.
So get started download the Orange Pill app today, scan the
QR code or check the link in the video slash podcast description.
All right, everybody, let's hit the culture.
Let's do this. The daily culture I just.
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description. Opti.
Yeah, let's go. All right, Justin, let me let me
get this going. All right, so you've been on a
crusade recently on Twitter. You, well, I forget what your
official, what you've been doing at Bitcoin mining, senior or
strategic Bitcoin mining. And I know the last couple of
weeks you've been going really hard on solar and wind and
batteries and really emphasizing the use of nuclear power.
So let's just tee you up there, bro.
What's what? What do you want to get off your
chest in regards to solar, wind and green Bitcoin mining?
Yeah, All right. Plebs supporting plebs, guys,
it's important, it's fun, and it's worth your time.
Oh, OK, yeah, so shit coins. And yeah, I've been going at it
two weeks. No, I've been going at it for 17
years and solar, wind and battery are shit coins, just
like Cardano, Ethereum and blah, blah, blah.
And you don't have to take my word for it, you should, but you
don't have to. Take a look around California,
largest state, second largest state in solar capacity.
What's going to happen, guys? They're going to have probably
rolling blackouts or there's going to be a threat of rolling
blackouts. And the governor and the
utilities are going to tell people not to turn on their air
conditioning, not to charge their electric vehicles that
they were told to buy when it's 120° out.
Like just wait, it's going to be one of those two headlines.
Either they don't have the blackouts because people didn't
use their air conditioning or, and they have blackouts.
And then, you know, Texas is number one and they're only
saved because of Bitcoin mining. And they've been building out
some gas too. So the point is, take a look
around. We've been fixated emotionally
on solar. The engineers have not been in
charge. And I'll just wrap it up here.
Energy scarcity, gulag, that's ESG, wind, solar, battery,
create energy scarcity events. When people need energy the
most, that's critical weather events, heat waves or polar
vortexes. There's no capacity from solar,
wind and battery. After 20 years of fixating on
it, we've added zero capacity to the system.
And again, don't take my word for it.
Ask the Bitcoin miners that are trying to plug in.
What do they hear from utilities?
I talked to utility executives. They hear every utility's
capacity constrained. They don't have capacity.
That's why Amazon's going to like Amazon, Facebook, Apple,
Microsoft, Google, hopefully Hulu, all those companies, Fab
7, they're going to be the ones to break us out of this hypnosis
because they're done. They can't.
They want to build data centers. They're going to have to do it,
but there's no capacity. So they're going to have to do
it themselves. And that's great.
That's fine. Good, good.
Because the regulation, the cantillion effect, the bullshit
with solar, wind and battery, it's not.
I don't know if it's going to get broken another way.
That's why I'm here in El Salvador, because I don't have
to deal with that bullshit anymore.
I don't want to live that life of having to fight Elon Musk.
Can I say Elon Musk? You know, I don't have to fight
Elon Musk anymore with this crap.
Solar, wind and battery. We're going to build nuclear,
geothermal, and then we're going to balance the grid with Bitcoin
mining. It's a resource, an electric
resource. It's just the technology.
Bitcoin mining is just like Bitcoin as a monetary system is
a technology. Mining is a piece of It's going
to be a piece of infrastructure on the grid.
OK, And you want to listen to my spaces?
I'll go into it more deeply, but I want to talk about singing
karaoke. I've been doing it every night.
I'm going to be in a band. It's awesome and I'm going to
do. All right, man, it seems like we
lost our guest. But dude, I, I did want to get
to, I did want to get to an article actually to kind of go
to going back to what I was saying during the during the
news segment, which is kind of like this idea of like, I think
a lot of us feel this way. And this is like a constant
theme that I keep hearing, right, which is I'm too late to
Bitcoin. These numbers are absolutely
insane. You know, $65,989, I'm too late.
And I think it's important to just connect the pieces.
And then I have this article to kind of put the cherry on the on
on top. So the first thing is you have
Michael Saylor, his track record of correctly predicting these
things. You have the examples of looking
back to the OG Bitcoiners Opti. I don't know if you saw that one
where it's like this guy that's like, I just it's too expensive
to buy Bitcoin at $1.42. And there was like Dieter Bob
that responded, is this guy alive?
And then the guy's like, I'm alive but dead inside.
So it's important to kind of look back in the past if you
kind of have want an idea of what things are going to be in
the future. So there's this article called
Tom by Tom Hosnik says the game theory behind trillion dollar
bitcoins before 20-30, which I think again is a little is a is
a lot, but I loved his theory. So, he says, every passing
moment contains unaccountable moving parts.
Physical objects interacting with one one another in space,
down to atoms and molecules bumping into one another
influence the weather and landscape of our environment in
complex ways that we've never been able to fully predict and
and with certainty. On top of that, living creatures
like us humans roam the earth, further altering our environment
by acting upon decisions we've made.
These decisions are produced by a brain with billions of neurons
and by preferences of a mind of a mind built with years of
memories and experiences. All this considered, it seems
impossible to predict the future.
Yet in order to live our lives, we must constantly make attempts
to predict the future. We do so oftenly, successfully,
by applying a framework of rules and assumptions.
You predict that if you go to the grocery store, you will be
able to trade for the food you desire.
You predict that if you travel there in a car, it'd be more
efficient than walking. You predict that if you sit in
the driver's seat, you will be able to start your car's motor.
You stop driving at red lights because you predict that there
will there could be severe consequences if you don't, and
because you predict that if you wait long enough, the light will
turn green anyways. The more that a framework can be
restricted by rules and reasonable assumptions, the less
variables will exist with the possibility of surprising you,
and the stronger you can make your predictions.
So it goes on to say if you know you're about to win.
Unless of course, a meteorks is down through the roof and
destroys the dining table and any number of other unlikely
events occur that didn't make sense to account for exchange by
surprise. This is the manner in which I
make the following claim. Quote This decade a trillion
dollars will be unable to buy Bitcoin.
I don't have a crystal ball and I can't predict the future with
100% certainty, but I can make a confident prediction within the
framework. So what are those rules?
Rules of the game. One, humans engage in purposeful
behavior. Choosing means that they believe
are best employed to satisfy their most preferred ends. 2A.
Persistently popular end is to save the value of one's
production for future purposes. Three, people who want to save
value for future purposes will choose means that they believe
are best employed to do this. Four bitcoins properties make it
the most useful means of saving value for future purposes.
Five people who want to save value for future purposes will
increasingly choose Bitcoin. It goes on to say, who's
interested in saving value for future purposes?
The answer is nearly all individuals and all groups.
Basically everyone. Because of Bitcoin supply of 21
million coins, everyone will end up competing with one another
for a portion of the scarcest savings tool in existence.
It goes on to say names out. What are those players, the
individual adopters, the individual deniers, the
individual ignorers, and the companies and NGOs?
And they're all competing A game of musical, musical chairs,
sovereign states, states without a national currency.
Now that we've discussed the covered, the game structure, the
players, and some potential strategies, let's discuss the
manner in which I expect it to end.
Will it be a gradual process of people casually taking seats in
the circle of Bitcoin chairs? Will the music slowly get
quieter over the course of years or even decades, allowing for
older generations who don't understand Bitcoin to be
replaced by younger generations who grew up in it?
Let's call this theory A. Or will it end with sheer panic?
The music suddenly stops, reality setting in and everyone
is sent scrambling, rushing and tripping over each other to put
ass to chair. This shall be theory B.
However, I believe theory A is is flawed.
Theory B prevailed. The mistake being made by
proponents of theory A is that they are failing to assign the
correct level of importance to the different player game.
Player game groups, specifically the individual ignores and
individual deniers, are basically irrelevant to the game
when compared to the sovereign states if the head of state in
Washington, Beijing Moscow, began to aggressively seat
themselves among the remaining chairs.
Bitcoin isn't going to wait for you to catch up, nor your
grandma, nor the charming old fellow a few doors down who
calls you for help to with operating his television.
Therefore, I believe the music stops as soon as a
geographically politically significant state begins
deploying such tactics. The impetus could be as simple
as a major oil producer demanding Bitcoin as payment for
access to its petroleum reserves rather than Fiat currencies hot
off the printing press. A fair trade, after all.
Scarcity for scarcity. The veil will be lifted, the
charade concluded, and that which has been seen cannot be
unseen. Quote No one wants your pieces
of paper. Sorry, The only rational
response. Oh crap, I don't have enough
Bitcoin. The ensuring chaos could be
frightening, perhaps amusing in retrospect.
The weakest Fiat currencies will be the first to fall at the
hands of magic Internet money, followed quickly by the stronger
Fiat currencies of governments assumed by nearly impotent
omnipotent. It's important to remember that
none of this is Bitcoins fault. Bitcoin itself won't be the root
cause of the chaos, it is merely it.
It will merely be exposing the root cause.
The underlying problem is that society has been scrapped, has
been scammed by decades by states issuing bad money.
Meanwhile, the situation surrounding Fiat currencies has
only grown more precarious. The US dollar, representing the
strong of Fiat currencies, has seen its M2 money supply double
in line with no one's expectations other than the
bankers who control it. US Federal Reserve has tripled.
The federal deficit has more than quadrupled.
It's not a fair fight, and the results reflected the value of
Bitcoin has surged 7500% as measured by the value of the
dollar. With each passing moment, the
likelihood of the music stopping increases.
While some Bitcoin advocates throw out predictions like
10/15/20 plus more years until Bitcoin is the dominant means of
savings value in the world, I find such suggestions nearly
inconceivable. I wouldn't be surprised if the
music stops this year, this month, this week, tomorrow,
today. I find myself sharing the music
concern of Cowits or Kraftwits. None of the big, none of my
fears in writing about Bitcoin is that my predictions will come
true before I could pub them. It seems that we're only one
small catalyst away from the world tumbling into a Bitcoin
standard. I find it difficult to imagine
it failing to occur before the end of the decade.
There are a number of theories from which we why which we saw
poor performance, which I don't get into it.
And of course, he's referencing the last last pull cycle.
If we use this historically bad result as a conservative
baseline for the next adoption fever, we would be looking at a
$300,000 Bitcoin and a total market cap of something like 7
trillion, more than the double, more than double the value of
Apple Microsoft. The point is, as Bitcoin grows,
it becomes harder to ignore, and the company, States and other
institutions that have haven't yet acknowledged the game will
be forced to do so. Some of these wealthy players
will panic and start taking their seats just in case.
If things don't spiral out of control in the next wave of
adoption, it's likely that we will see at least one more wave
this decade. Whether whether due to the 2028
having a secondary adoption fever of 20X would show us a
price tag of millions of dollars per Bitcoin.
Obviously the game would be over by then.
There is no rational scenario where the price of Bitcoin
casually hangs out at a 7 several $1,000,000.
The world will have caught on to the rules of the game at that
point. And when the price of Bitcoin
hits such all striking numbers, it would only be because it's
temporarily passing through them on its one way ticket to
Infinity. I mean dude, this article is
absolutely amazing. It talks about the, the, the
musical chairs that is Bitcoin. I think that's something that
people forget to understand, right?
There's it's Infinity divided by 21 million.
It's just a matter of time before people, people wake up to
the reality of Fiat is a scam holding Fiat, holding bonds.
It's a total scam. And I think it's just a matter
of time before larger institutions, more nation states
wake up to this reality. And again, it's a it causes a
domino effect. And the game theory is in place
and you're already starting to see that.
And I'll give you a couple of examples, guys.
So first, you have Donald Trump making making this part of his
campaign slogan over the weekend.
We'll get it to, we'll get to it.
During tomorrow's episode, you had President Biden and the
Biden administration trying to change tune and basically
signaling that, hey, they wanted to be part of the discussions as
it relates to Bitcoin, right? This is the game theory taking
place. You had a China do a 180 and
basically say, you know what, the US has an ETF.
We're going to use Hong Kong in order for us to launch an ETF.
You have the the so-called hash wars, the the thing that Max
Kaiser termed, right, which is you're going to have nation
states competing for the hash rate.
You had Donald Trump making it part of his campaign process.
And we want all the Bitcoin to be mined in the US.
You have the Kingdom of Bhutan, you have El Salvador, you have
Paraguay. You have all these states all
over the world saying we want to mine Bitcoin, right?
And then of course, you had another publicly traded company,
Selmer might Scientific following in the footsteps of
Michael Saylor realizing holy crap, that infinite money
glitch. We can use that in order to pump
our stock. We have Michael Saylor proving
that his Bitcoin strategy completely destroys everything
else, right? You have El Salvador making
Bitcoin legal tender. So my question to you is, what
do you think is going to happen? And I think that's essentially
what this article is making the case for, right?
You need one catalyst. What do you think is going to
happen if Apple or Facebook or one of these big tech companies
say, you know what, let's put some of our money into Bitcoin.
Now all of a sudden they have a competitive advantage versus
everyone else. And like that article pointed
out, it's a game of musical chairs because there's only 21
million Bitcoin and you can't inflate the supply.
So it creates the situation where there's not enough Bitcoin
to go around. And we've had multiple days over
the last couple of months where the amount of Bitcoin being
bought by the ETFs is like three or four times higher than the
amount of Bitcoin being produced on a daily basis.
So you're creating a perfect storm of supply shock, a perfect
situation where there will be a supply shock.
And what the fuck do you think is going to happen, man?
So I do, I spent so much time thinking about this over the
weekend, Opti, and it just made me so incredibly bullish because
I think it's so obvious, man. Like this is so obvious.
It's just a matter of like people kind of waking up and
realizing this, you know? Yeah, I mean 100%.
Look, I think what is most important to talk about is 8
billion people on planet Earth all have the same problem.
We have nothing to save our money in and all the quote UN
quote, you know, risk free assets, risk free investment
aren't as risk free as people would lead you on to believe.
Hence why we always say it is a gang game of hungry hippo.
You want to accumulate as much Bitcoin as possible because you
understand what's going on in the world.
If you understand that the money is broken, then there's no going
back to the Fiat system. And it kind of really goes back
to the very beginning of the show where we were talking,
talking about Thomas Massey listening to Bitcoin standard
and finally waking up to the problem of what is going on with
the money, what is actually happening in the world.
And once you realize that the money is broken, then you
understand that the game maybe is not just rigged against you,
but is just fundamentally broken at its core.
And maybe we need to play a new game.
Hence why you want to stack as much Bitcoin as possible.
You want to understand what's going on.
Explain to people that, hey, it might not be a ticking time or
it's a ticking time bomb that might not blow up tomorrow, but
it at some point there will be a transition.
There will be another financial crisis and you want to protect
yourself. You are on the Titanic right now
and Bitcoin is that escape. It is the safety belt.
And This is why we show up and do what we do so that we can
explain this to as many people as possible because we all have
the same problem. Our money is broken and you need
to find something to protect yourself with.
And of course, that is Bitcoin. Absolutely Amen to that.
All right everybody, that was the June 17th 2024 show.
Hopefully we can get our guest on just in a in a less shaky
environment with better connection.
But anyways, guys, if you enjoyed the show, you know what
to do Smash the like button. Consider subscribing if you feel
like we provided you value. We'll be back tomorrow for the
Tuesday show of simply Bitcoin live.
I'm your host Nico. It's my legendary Co host
Optimus Fields. We're simply Bitcoin live, and
we'll be back tomorrow. Also, stay tuned for Ruston's
originals dropping in hot. All right everybody, love you
all. See you on the next one.
Episode was brought to you by bitcoinwell.com on a mission to
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