1 00:00:03,040 --> 00:00:06,000 It's all going to zero against Bitcoin. 2 00:00:06,640 --> 00:00:16,520 It's going up forever more. You're against Bitcoin. 3 00:00:16,560 --> 00:00:26,680 You're against freedom, yo welcome to the Bitcoin live, 4 00:00:26,680 --> 00:00:28,680 your number one source of the peaceful Bitcoin revolution 5 00:00:28,680 --> 00:00:29,960 cover. You can use culture matic 6 00:00:29,960 --> 00:00:31,360 warfare. We will be your guide through 7 00:00:31,600 --> 00:00:34,440 the separation of money in state. 8 00:00:34,800 --> 00:00:38,360 Ladies and gentlemen, it's going to be a crazy epic show. 9 00:00:38,760 --> 00:00:43,880 Michael Saylor dropping an $8 million prediction on the stage 10 00:00:43,880 --> 00:00:47,360 of BTC Prague. And I mean, it sounds completely 11 00:00:47,360 --> 00:00:52,120 absurd, $8 million Bitcoin, like let's just get to 100K first. 12 00:00:52,520 --> 00:00:54,800 But I did a little bit of research this morning. 13 00:00:54,800 --> 00:00:57,480 I spent about like an hour and a half prepping for the show. 14 00:00:57,880 --> 00:01:00,360 And I, I kind of went through the rabbit hole like, is it that 15 00:01:00,360 --> 00:01:02,000 absurd? Is it that crazy? 16 00:01:02,000 --> 00:01:05,239 Is this $8 million, you know, prediction? 17 00:01:05,239 --> 00:01:08,440 Is this $8 million anticipation of Bitcoin coming? 18 00:01:08,680 --> 00:01:11,280 Is it really that absurd? So we're going to ask that 19 00:01:11,280 --> 00:01:13,800 question today. We're going to go, we're going 20 00:01:13,800 --> 00:01:17,560 to go through all the data, all the facts and we'll, we'll, 21 00:01:17,560 --> 00:01:20,200 we'll get to it. Also, in other news as well, 22 00:01:20,400 --> 00:01:24,600 seems like US Representative Thomas Massie read Safedine's 23 00:01:24,600 --> 00:01:29,840 the Bitcoin standard and that led for him to propose on, on 24 00:01:29,840 --> 00:01:35,040 Congress floor to end the Federal Reserve, which is just, 25 00:01:35,040 --> 00:01:38,480 it's, it's fascinating. I mean, I would say we just got 26 00:01:38,480 --> 00:01:42,480 to give copies of the Bitcoin standard to everybody, or at 27 00:01:42,480 --> 00:01:45,640 least, you know, the, the Cliff Notes, because I think they 28 00:01:45,640 --> 00:01:47,640 would look at things very, very differently. 29 00:01:48,000 --> 00:01:51,240 I think if people understood what is money, I think if people 30 00:01:51,240 --> 00:01:54,840 fundamentally understood that the, that the scam of central 31 00:01:54,840 --> 00:01:59,080 banking, the scam of Fiat money, I think I think they would start 32 00:01:59,080 --> 00:02:02,040 to ask questions. And that really boils down to a 33 00:02:02,040 --> 00:02:04,160 lot of us Bitcoiners. We really got to push that 34 00:02:04,160 --> 00:02:07,800 message forward, really get people to ask the question not 35 00:02:07,800 --> 00:02:11,039 only what is money, but why should I be using a money that 36 00:02:11,039 --> 00:02:14,080 steals from me? Like the whole idea that money 37 00:02:14,080 --> 00:02:20,240 needs this magical 2% debasement in order to function is 38 00:02:20,360 --> 00:02:24,280 absolutely absurd. Wouldn't the world be a better 39 00:02:24,280 --> 00:02:27,320 place if everybody and it doesn't matter who you are, 40 00:02:27,320 --> 00:02:29,080 doesn't? No one gets a special privilege 41 00:02:29,600 --> 00:02:34,320 if they earn and money that not only does it maintain purchasing 42 00:02:34,320 --> 00:02:38,320 power, that purchasing power actually increases over time. 43 00:02:39,040 --> 00:02:41,400 I would like to believe that the world would be a much better 44 00:02:41,400 --> 00:02:45,720 place for it, in my opinion. And you know, and we, we just 45 00:02:45,720 --> 00:02:47,240 need to get that message out there. 46 00:02:47,240 --> 00:02:52,680 We need to get that that belief into the minds of everyone 47 00:02:52,680 --> 00:02:55,240 worldwide because I think the world would be a much better 48 00:02:55,240 --> 00:02:56,440 place. I think the world would be a 49 00:02:56,440 --> 00:02:58,320 much peaceful place. I think the world would be a 50 00:02:58,320 --> 00:03:01,680 much hopeful place if we got that out there. 51 00:03:01,920 --> 00:03:05,720 I think a lot of the divisions, a lot of the insanity that we 52 00:03:05,720 --> 00:03:09,640 see right now come from Fiat. It comes from broken money. 53 00:03:09,640 --> 00:03:12,960 And I think people inherently know in their bones that 54 00:03:12,960 --> 00:03:16,320 something is wrong with the system, but they continue to 55 00:03:16,320 --> 00:03:19,560 seek a political solution where this is not, there's not a 56 00:03:19,560 --> 00:03:22,960 political solution to this. It's not Donald Trump, it's not 57 00:03:22,960 --> 00:03:25,840 Joe Biden, it's not the candidates in your your party 58 00:03:25,840 --> 00:03:28,840 that are saying if you elect me into into power, we're going to 59 00:03:28,840 --> 00:03:31,760 fix all your problems. The problem is broken money. 60 00:03:32,160 --> 00:03:34,680 And if you fix the money, you fix the world. 61 00:03:34,800 --> 00:03:37,680 I truly believe that, and that's just because I know what it's 62 00:03:37,680 --> 00:03:40,600 done to my life. I know what it's done to El 63 00:03:40,600 --> 00:03:42,520 Salvador. I know what it's done to my 64 00:03:42,520 --> 00:03:44,960 friends and family who have adopted a Bitcoin standard. 65 00:03:44,960 --> 00:03:48,520 The more time that they're on a Bitcoin standard, the life just 66 00:03:48,560 --> 00:03:51,360 gets progressively better. All of a sudden, they have hope. 67 00:03:51,520 --> 00:03:52,960 They start caring about their health. 68 00:03:53,320 --> 00:03:56,560 They get more spiritual in a way, like it's crazy what 69 00:03:56,560 --> 00:03:59,360 happens when you adopt Bitcoin. So we're going to get to all 70 00:03:59,360 --> 00:04:01,080 that. It's going to be a bullish 71 00:04:01,080 --> 00:04:04,320 Monday episode for you guys. Of course, you know, start it 72 00:04:04,320 --> 00:04:07,080 off with some signal and we have a very special guest for you 73 00:04:07,080 --> 00:04:09,080 guys Today. I'm bringing up my legendary 74 00:04:09,080 --> 00:04:11,480 first to introduce them. Got Optimus feels in the house 75 00:04:11,480 --> 00:04:13,080 with a straight face. Opti. 76 00:04:13,080 --> 00:04:16,279 I don't know what it is about Monday bro but Monday is always 77 00:04:16,279 --> 00:04:18,800 rough to get started. How you doing dude? 78 00:04:19,519 --> 00:04:21,160 I'm doing good. You caught me in the middle of 79 00:04:21,160 --> 00:04:23,640 something. I, I forgot to put some tweets 80 00:04:23,640 --> 00:04:26,600 out, so you know I'm doing that right now anyways, anyways, man, 81 00:04:26,600 --> 00:04:30,120 it's it's hey, man, we're living the dream. 82 00:04:30,120 --> 00:04:32,080 Life's wonderful on the Bitcoin standard. 83 00:04:32,080 --> 00:04:33,680 And hey, we're early to the party. 84 00:04:33,680 --> 00:04:36,240 So here we are. We get to watch as the whole 85 00:04:36,240 --> 00:04:37,960 world adopts the best money in the world. 86 00:04:37,960 --> 00:04:40,160 Love to see it, love to be a part of it. 87 00:04:40,480 --> 00:04:43,960 And yeah, man, honestly, Mika, last week was a rough week for 88 00:04:43,960 --> 00:04:44,640 me. I'm not gonna lie. 89 00:04:44,640 --> 00:04:46,640 I was hurting. I like was almost kind of 90 00:04:46,640 --> 00:04:49,640 getting sick. This week I feel a lot better. 91 00:04:49,640 --> 00:04:52,320 So we'll see what happens. Hopefully I don't actually get 92 00:04:52,320 --> 00:04:55,160 sick here, but man life's good life's good. 93 00:04:55,160 --> 00:04:57,280 Let's let's bring in our guests. Let's get the show started. 94 00:04:57,280 --> 00:05:02,440 So today we got the one and only Justin Orkney on the show we're 95 00:05:02,440 --> 00:05:06,040 going to be he's been on a crusade recently about energy 96 00:05:06,040 --> 00:05:08,920 and Bitcoin mining. He's been dunking on solar 97 00:05:08,920 --> 00:05:12,720 powered and wind as well. So we're going to touch on that, 98 00:05:12,720 --> 00:05:15,800 but also Justin just made the move down to El Salvador, so 99 00:05:15,800 --> 00:05:18,040 we'll touch on that and what he's working on and then cool 100 00:05:18,040 --> 00:05:19,880 things that he's seeing. He's literally down there. 101 00:05:19,880 --> 00:05:21,840 It's raining. The whole city's shut down 102 00:05:21,840 --> 00:05:22,400 South. Anyways. 103 00:05:22,400 --> 00:05:25,360 Justin, how you doing today? Buenos Dias. 104 00:05:25,680 --> 00:05:28,120 I'm doing really well. Happy to be here, guys. 105 00:05:28,120 --> 00:05:31,800 I'm excited and sorry. Sorry. 106 00:05:31,800 --> 00:05:36,000 I missed, you know what? Two Thursdays ago I missed it. 107 00:05:36,280 --> 00:05:39,520 I didn't flake out. I had to change my flight from 108 00:05:39,520 --> 00:05:43,560 Thursday to Friday to get down here and so that was why Los 109 00:05:43,560 --> 00:05:46,480 Siento, but I'm here now. It's all good. 110 00:05:46,480 --> 00:05:48,120 It's all good. I'm just trolling you, bro. 111 00:05:48,120 --> 00:05:49,040 I'm just trolling you. Good. 112 00:05:50,840 --> 00:05:52,360 Yeah, man. Well, happy to have you on the 113 00:05:52,360 --> 00:05:54,080 show. Looking forward to talking to 114 00:05:54,080 --> 00:05:56,400 you about what are you, what are you going to explore in the 115 00:05:56,400 --> 00:06:00,200 culture segment, Opti. Bitcoin and energy and then also 116 00:06:00,200 --> 00:06:02,560 some some cool stuff that Justin's working on down in El 117 00:06:02,560 --> 00:06:04,280 Salvador. He just made the move, I don't 118 00:06:04,280 --> 00:06:06,280 know, like what this week basically. 119 00:06:06,280 --> 00:06:09,880 So I think we got a good show for you guys, absolutely. 120 00:06:09,880 --> 00:06:11,880 Man, well, I'm looking forward to it. 121 00:06:11,880 --> 00:06:13,960 It is Monday. We got to start off strong. 122 00:06:13,960 --> 00:06:18,400 But before we do that, I do want to give a very special shout out 123 00:06:18,680 --> 00:06:21,800 to the Bitcoin company that powers the show. 124 00:06:21,800 --> 00:06:25,440 And of course, I'm talking about the best place to build your 125 00:06:25,480 --> 00:06:29,760 automatic of custody, Bitcoin stack, bitcoinwell.com. 126 00:06:29,760 --> 00:06:33,640 To get started, go to bitcoinwell.com/simply. 127 00:06:33,640 --> 00:06:38,560 Bitcoin simply beat TC buy real Bitcoin enable your independence 128 00:06:38,560 --> 00:06:42,320 with the fastest and safest way to buy Bitcoin in Canada Bitcoin 129 00:06:42,320 --> 00:06:45,160 in Canada and the USA. To get started all you got to do 130 00:06:45,440 --> 00:06:49,960 is you put in your e-mail. It literally takes like like not 131 00:06:49,960 --> 00:06:54,440 even exaggerating like 4 to 5 minutes to onboard you connect 132 00:06:54,440 --> 00:06:56,640 your bank account. It's a clear 1% spread. 133 00:06:56,800 --> 00:07:01,240 It's obviously Bitcoin only and it's completely non custodial 134 00:07:01,600 --> 00:07:04,080 Bitcoin well is self custody by default. 135 00:07:04,080 --> 00:07:06,240 What does that mean? That means that you can't buy 136 00:07:06,240 --> 00:07:10,160 Bitcoin on Bitcoin well unless you take self custody. 137 00:07:10,160 --> 00:07:14,280 They put they make you put a Bitcoin withdrawal address as 138 00:07:14,280 --> 00:07:17,080 soon as the funds clear as soon as you make your purchase, it 139 00:07:17,080 --> 00:07:20,360 goes automatically from Bitcoin well to yourself. 140 00:07:20,360 --> 00:07:23,080 Custody Bitcoin wallet address, which perfectly aligns with the 141 00:07:23,080 --> 00:07:27,920 simply Bitcoin ethos of the separation of money and state. 142 00:07:28,040 --> 00:07:32,480 Also, if you're an existing Bitcoin well user, you got to 143 00:07:32,480 --> 00:07:34,240 check out the Bitcoin well points. 144 00:07:34,240 --> 00:07:37,720 Every time you buy Bitcoin, you earn these points, and you can 145 00:07:37,720 --> 00:07:41,160 use these points towards the Bitcoin Wishing Well. 146 00:07:41,160 --> 00:07:45,400 Toss a coin, win some SATS. You can win up to 1,000,000 147 00:07:45,400 --> 00:07:48,280 Satoshi's using the Bitcoin Wishing Well. 148 00:07:48,440 --> 00:07:51,240 I'm going to go through a couple of them for you guys. 149 00:07:51,240 --> 00:07:53,320 So we pull it up. It says you're being transported 150 00:07:53,320 --> 00:07:57,880 back to 1992 when Aladdin is enchanting audiences with its 151 00:07:57,880 --> 00:08:01,240 magic. So let's redeem 500 points, 152 00:08:01,240 --> 00:08:03,760 which you can earn by buying Bitcoin on Bitcoin Well. 153 00:08:03,840 --> 00:08:07,320 Just toss a coin into the wishing well and boom, we won 154 00:08:07,320 --> 00:08:09,640 500 stats. I'm going to leave that up on 155 00:08:09,640 --> 00:08:12,560 screen for you guys, for you guys to redeem it during the 156 00:08:12,560 --> 00:08:14,160 show. I'm going to do another one. 157 00:08:14,160 --> 00:08:17,920 You're being transported back to 1991 when the Hubble Space 158 00:08:17,920 --> 00:08:19,960 Telescope is revealing the cosmos. 159 00:08:19,960 --> 00:08:23,240 We're going to toss another coin and boom, boom, boom. 160 00:08:24,440 --> 00:08:27,280 And we have won another 500 sats. 161 00:08:27,280 --> 00:08:31,120 So first one to scan the QR code is the winner of those 500 sats. 162 00:08:31,120 --> 00:08:33,720 And by the way, they have a hockey hockey pole going on 163 00:08:33,720 --> 00:08:36,919 right now because the NHL playoffs are going are, are 164 00:08:36,919 --> 00:08:39,159 currently happening so you can vote for your team. 165 00:08:39,440 --> 00:08:43,760 Currently the poll is 43% of you guys believe the the the 166 00:08:43,760 --> 00:08:47,640 Edmonton Oilers are going to win and 57% of you guys feel like 167 00:08:47,640 --> 00:08:49,120 the Florida Panthers are going to win. 168 00:08:49,120 --> 00:08:51,560 Guys go to bitcoinwell.com today. 169 00:08:51,560 --> 00:08:54,640 It's the best place to build your automatic self custody 170 00:08:54,640 --> 00:08:57,440 Bitcoin stack. If you use the promo code simply 171 00:08:57,440 --> 00:09:02,320 BTC, you get 3 tosses into the wishing well completely for 172 00:09:02,320 --> 00:09:03,360 free. That's right, you have an 173 00:09:03,480 --> 00:09:07,680 opportunity to win over when 1,000,000 Satoshi's and if just 174 00:09:07,680 --> 00:09:10,960 by signing up you get 3 tosses into the wishing well. 175 00:09:11,160 --> 00:09:13,840 All right everybody let's hit the numbers lots to talk about 176 00:09:13,840 --> 00:09:14,720 today. Let's check it out. 177 00:09:17,040 --> 00:09:18,400 The Bitcoin. Numbers. 178 00:09:19,000 --> 00:09:21,800 Is your Bitcoin and cold storage really secure? 179 00:09:21,920 --> 00:09:24,440 Is your seed phrase really secure? 180 00:09:24,560 --> 00:09:28,080 Stamp seeds Do It Yourself Kit has everything you need to 181 00:09:28,080 --> 00:09:32,480 hammer your seed words into commercial grade titanium plates 182 00:09:32,680 --> 00:09:34,680 instead of just writing them on paper. 183 00:09:34,960 --> 00:09:38,160 Don't store your generational wealth on paper. 184 00:09:38,560 --> 00:09:41,120 Papers prone to water damage, fire damage. 185 00:09:41,320 --> 00:09:43,520 You want to put your generational wealth on one of 186 00:09:43,520 --> 00:09:45,560 the strongest metals on planet earth. 187 00:09:45,760 --> 00:09:48,120 Titanium. Your words are actually stamped 188 00:09:48,120 --> 00:09:51,680 into this metal plate with this hammer and these letter stamps. 189 00:09:51,720 --> 00:09:54,240 And once your words are in, they aren't going anywhere. 190 00:09:54,320 --> 00:09:57,960 No risk of the plate breaking apart and pieces falling 191 00:09:57,960 --> 00:10:00,400 everywhere. Titanium stamp seeds will 192 00:10:00,400 --> 00:10:03,360 survive nearly triple the heat produced by a house fire. 193 00:10:03,360 --> 00:10:06,520 They're also crush proof, waterproof, non corrosive, and 194 00:10:06,520 --> 00:10:08,760 time proof. All things that paper is not 195 00:10:08,800 --> 00:10:12,000 allowing you to huddle your Bitcoin with Peace of Mind for 196 00:10:12,080 --> 00:10:16,680 the long haul stamp your seed on stamp seed all right everybody, 197 00:10:16,680 --> 00:10:18,320 I made it incredibly easy for you guys. 198 00:10:18,320 --> 00:10:20,640 You could scan the QR code on your screen. 199 00:10:20,640 --> 00:10:23,520 It'll take you directly to the stamp seed website where you can 200 00:10:23,520 --> 00:10:26,600 use promo code simply to get 15% off. 201 00:10:27,000 --> 00:10:33,680 At the time of recording, the Bitcoin price is 65,900 stats 202 00:10:33,680 --> 00:10:42,400 per dollar 1517 block height 848,361 blocks to having 200 and 203 00:10:42,400 --> 00:10:48,440 1639 having estimate March 25th 2028 Total like network capacity 204 00:10:48,440 --> 00:10:53,800 4800, Bitcoin capacity value $316 million realized monetary 205 00:10:53,800 --> 00:10:58,600 inflation 1.59% market capitalization 1.3 trillion 206 00:10:58,800 --> 00:11:03,720 Bitcoin verse gold market cap 8.13%. 207 00:11:03,720 --> 00:11:06,920 In the grand scheme of things, we are just getting started. 208 00:11:06,920 --> 00:11:09,000 All right everybody, this is the video that I wanted to show to 209 00:11:09,000 --> 00:11:10,680 you guys. This is crazy. 210 00:11:10,840 --> 00:11:13,080 This is what we mean about moving the Overton window. 211 00:11:13,240 --> 00:11:15,320 This is what we mean about breaking the Bitcoin echo 212 00:11:15,320 --> 00:11:17,520 chamber. This is what we mean. 213 00:11:17,520 --> 00:11:21,560 We need more of this. We need more representatives, We 214 00:11:21,560 --> 00:11:23,760 need more people. We need the mainstream 215 00:11:23,760 --> 00:11:26,720 consciousness reading Safa Dean's book, The Bitcoin 216 00:11:26,720 --> 00:11:28,200 Standard. We need more mainstream 217 00:11:28,200 --> 00:11:31,240 consciousness asking the fundamental question, what is 218 00:11:31,240 --> 00:11:33,240 money? We need more of mainstream 219 00:11:33,240 --> 00:11:35,240 asking the question, why do I need some money? 220 00:11:35,280 --> 00:11:37,520 Why do I need to use the money that steals from me? 221 00:11:37,720 --> 00:11:41,040 Why do I have to use the money that is that is constantly 222 00:11:41,040 --> 00:11:43,480 debasing? Don't I already pay income tax? 223 00:11:43,480 --> 00:11:46,720 Why do I have to pay this too? Those are all extreme, extremely 224 00:11:46,720 --> 00:11:49,720 important questions. And remember, the reason that 225 00:11:49,720 --> 00:11:53,400 they're so powerful is because they don't have a response. 226 00:11:53,400 --> 00:11:55,760 Like they don't know what to say. 227 00:11:55,760 --> 00:11:57,640 They don't know they don't have a good answer to this. 228 00:11:57,920 --> 00:12:02,040 Politicians are just going to gaslight, and gaslighting only 229 00:12:02,040 --> 00:12:04,440 works if the populace is not informed. 230 00:12:04,440 --> 00:12:07,240 So let's check out what Representative Thomas Massie has 231 00:12:07,240 --> 00:12:11,600 to say after reading the book The Bitcoin Standard solutions 232 00:12:11,720 --> 00:12:14,320 of this government. And I, and I was actually 233 00:12:14,320 --> 00:12:19,840 listening to an audio book by Saifa Dean Amuse called the 234 00:12:19,840 --> 00:12:24,000 Bitcoin Standard. And I'll, I'll warn anybody who 235 00:12:24,000 --> 00:12:27,960 wants to listen to that book, the 1st 80% of it, it's not 236 00:12:27,960 --> 00:12:32,400 about Bitcoin, it's about money and what is money, which I think 237 00:12:32,400 --> 00:12:35,440 is important to understanding Federal Reserve. 238 00:12:35,600 --> 00:12:39,200 And also, but he, he has to lay that down so he can explain what 239 00:12:39,200 --> 00:12:42,200 Bitcoin is, because you can't assume everybody knows what 240 00:12:42,200 --> 00:12:44,560 money was. And frankly, I learned some 241 00:12:44,560 --> 00:12:47,240 things or picked up some vocabulary that I didn't have 242 00:12:47,240 --> 00:12:50,360 about it there. And I'm was listening to that 243 00:12:50,360 --> 00:12:53,520 tape and I'm like, it is time, it is way past time to 244 00:12:53,520 --> 00:12:56,080 reintroduce a bill to end the Federal Reserve. 245 00:12:56,720 --> 00:13:00,880 And so I put it in the hopper and I thought, man, I may be the 246 00:13:00,880 --> 00:13:04,560 only one, Maybe I'll get two or three Co sponsors, but I don't 247 00:13:04,560 --> 00:13:06,040 care. This needs to be done. 248 00:13:06,600 --> 00:13:12,960 I got two dozen Co sponsors. So we, the number of Co sponsors 249 00:13:12,960 --> 00:13:16,400 of the bill to end the Federal Reserve in 10 years has gone up 250 00:13:16,400 --> 00:13:23,600 10X, which is remarkable. Yeah, that is NO10XI mean we're 251 00:13:23,600 --> 00:13:26,720 making progress everybody, but we're not quite there, right? 252 00:13:26,960 --> 00:13:31,160 And it's, again, it's a, it's a, it's a, it's two punches, right? 253 00:13:31,720 --> 00:13:37,840 Punch #1 is punch number one is Bitcoin, which gets people to 254 00:13:37,840 --> 00:13:39,920 ask the question, what is money? Why does why? 255 00:13:39,920 --> 00:13:43,480 Obviously this is better money and punch #2 is as more and more 256 00:13:43,480 --> 00:13:47,080 people ask what is Bitcoin, as more and more people come to the 257 00:13:47,080 --> 00:13:52,040 realization that central banking is inherently evil, all roads 258 00:13:52,040 --> 00:13:53,920 lead to Bitcoin. I think that's incredibly 259 00:13:53,920 --> 00:13:57,880 important to pull to point out. Anyways, here is Breedlove 260 00:13:57,880 --> 00:14:00,080 saying thanks in part to the work of Safedine. 261 00:14:00,320 --> 00:14:03,200 The question what is money will be regarded as the defining 262 00:14:03,200 --> 00:14:07,360 question of our life, of of our time in history. 263 00:14:07,680 --> 00:14:10,880 And just to kind of go through a bunch of things, right? 264 00:14:11,320 --> 00:14:15,080 Central banking enabled the war, the world wars, right? 265 00:14:15,680 --> 00:14:17,840 Central bank was established in 1913. 266 00:14:18,640 --> 00:14:20,440 Do you think it was a coincidence that the World War 267 00:14:20,800 --> 00:14:23,320 started 19/8 like a couple years later? 268 00:14:23,320 --> 00:14:24,480 I don't think that's a coincidence. 269 00:14:25,200 --> 00:14:27,400 Do you think that it happened the World War 2, the largest 270 00:14:27,400 --> 00:14:30,800 World War in human history happened with central banking. 271 00:14:30,800 --> 00:14:31,840 I don't think that's a coincidence. 272 00:14:32,040 --> 00:14:35,960 Why have the biggest financial crisis happened under central 273 00:14:35,960 --> 00:14:37,320 banking? Why was the thing? 274 00:14:37,480 --> 00:14:41,560 Why was the establishment of the federal income taxed established 275 00:14:41,560 --> 00:14:44,880 the same year as the Federal Reserve 1913? 276 00:14:45,520 --> 00:14:47,560 Why is that a thing? Like, why is people? 277 00:14:47,720 --> 00:14:51,440 And and then again, it comes to this idea of like, yeah, like 278 00:14:51,720 --> 00:14:57,520 we, we somehow like we need to and the SIOP is crazy, right? 279 00:14:58,640 --> 00:15:03,400 We need to pay a percentage of our income to Washington, DC in 280 00:15:03,400 --> 00:15:07,000 order for the for the country to, you know, run itself. 281 00:15:07,480 --> 00:15:10,160 Like that is absurd. And then not to mention the fact 282 00:15:10,160 --> 00:15:14,800 that they can't help but to spend more than they collect in 283 00:15:14,800 --> 00:15:17,440 tax revenue, which is, of course, is through currency 284 00:15:17,440 --> 00:15:19,800 debasement. And they don't talk about what 285 00:15:19,800 --> 00:15:23,360 the unintended consequences of that is, right? 286 00:15:23,360 --> 00:15:25,240 So these are all very important questions. 287 00:15:25,240 --> 00:15:28,160 Once you take the Bitcoin, once you take the orange pill, you 288 00:15:28,160 --> 00:15:31,960 inevitably will ask all these questions, what is money? 289 00:15:32,400 --> 00:15:34,920 Why do I need to use? Why are you forcing me to use 290 00:15:34,920 --> 00:15:37,120 this? Why is this stealing from me? 291 00:15:37,360 --> 00:15:40,040 And again, I don't think they have a good answer to that. 292 00:15:40,040 --> 00:15:43,360 I think that they've been riding on the fact that the populace is 293 00:15:43,360 --> 00:15:45,720 uninformed. They're riding on the fact that 294 00:15:46,000 --> 00:15:50,640 people weren't armed with the power of the Internet, which 295 00:15:50,640 --> 00:15:52,320 allows them to do their own research. 296 00:15:52,320 --> 00:15:55,040 It allows them to consume the media they want to consume. 297 00:15:55,040 --> 00:15:58,200 There's not just a handful of captured media sources anymore. 298 00:15:58,800 --> 00:16:02,800 So there's this great awakening that's happening, but we have to 299 00:16:02,960 --> 00:16:05,640 remain vigilant. You guys are the vanguard of 300 00:16:05,640 --> 00:16:08,600 this revolution. You guys have to keep in mind 301 00:16:08,600 --> 00:16:11,600 that it's not left versus right. It is green versus orange. 302 00:16:11,920 --> 00:16:14,440 We are at war with the party of orange. 303 00:16:14,440 --> 00:16:15,960 We are sorry, the party of green. 304 00:16:15,960 --> 00:16:20,320 We are at war with the party of Fiat, the party of slavery, the 305 00:16:20,320 --> 00:16:23,600 party of central banking, the party of central planning. 306 00:16:24,040 --> 00:16:25,760 And that's what we want to. That's what we want to take 307 00:16:25,760 --> 00:16:27,120 down. We want to take them down, but 308 00:16:27,120 --> 00:16:28,640 we don't. We want to do it peacefully. 309 00:16:29,040 --> 00:16:31,160 This is a peaceful revolution. After all. 310 00:16:31,320 --> 00:16:34,560 All we got to do is win over the hearts and minds of individuals 311 00:16:34,560 --> 00:16:39,280 and again ask get them to ask a very fundamental, but very basic 312 00:16:39,280 --> 00:16:41,480 question. What is money? 313 00:16:41,560 --> 00:16:43,440 That's it. That's all you got to do and 314 00:16:43,440 --> 00:16:46,680 then Bitcoin will do the rest Bitcoins incentives anyways. 315 00:16:46,680 --> 00:16:49,120 Opti, I mean, bro, we're we're making progress. 316 00:16:49,400 --> 00:16:53,800 Bitcoin more than 10 XS and then the amount of representatives 317 00:16:53,800 --> 00:16:56,280 that want to end the central bank is 10X ING as well. 318 00:16:56,680 --> 00:16:59,200 I mean, dude, if I was a central planner, if I was Christine 319 00:16:59,200 --> 00:17:01,400 Lagarde, dude, I would not be sleeping well. 320 00:17:03,800 --> 00:17:07,400 Yeah, I mean, look, I think Thomas Massey said something 321 00:17:07,400 --> 00:17:10,440 very important that I don't hear a lot coming out from 322 00:17:10,440 --> 00:17:13,280 politicians and probably not even from bitcoiners themselves. 323 00:17:13,280 --> 00:17:16,400 Is is the quote where he said like, we can't assume everyone 324 00:17:16,400 --> 00:17:19,040 knows what money is. And I, I try to explain this a 325 00:17:19,040 --> 00:17:20,280 lot of times on the show as well. 326 00:17:20,280 --> 00:17:23,440 It's like we are so far down the rabbit hole that we assume 327 00:17:23,440 --> 00:17:26,599 everyone knows what we know and we really got it. 328 00:17:26,880 --> 00:17:29,760 Always go back to the basics here and like explain the very 329 00:17:29,760 --> 00:17:31,480 simple things of like what is money? 330 00:17:31,720 --> 00:17:33,000 How does the banking system work? 331 00:17:33,000 --> 00:17:35,360 But do it in a way where like their eyes don't gloss over. 332 00:17:35,360 --> 00:17:39,000 So I'm glad that the Bitcoin standard is making rounds 333 00:17:39,000 --> 00:17:42,400 because I think once anyone reads it, they start to open up 334 00:17:42,400 --> 00:17:45,640 to a whole new vein, a whole new perspective on what is actually 335 00:17:45,640 --> 00:17:48,840 happening in the world. And to the point that you kind 336 00:17:48,840 --> 00:17:51,800 of stress and Thomas Massie said himself, you know, there's two 337 00:17:51,800 --> 00:17:55,480 dozen Co sponsors on on that bill, which I think it's very 338 00:17:55,480 --> 00:17:57,840 interesting that other politicians want to end the Fed 339 00:17:57,840 --> 00:18:02,400 as well, considering that most people would probably believe 340 00:18:02,400 --> 00:18:06,320 that the powers that be is like one monolithic entity and 341 00:18:06,320 --> 00:18:08,320 they're all in this together to steal from us. 342 00:18:09,160 --> 00:18:11,880 I think there's some hope that there are some politicians out 343 00:18:11,880 --> 00:18:13,840 there that that really do want to do good. 344 00:18:14,080 --> 00:18:18,400 And they're probably just like beholden to interests that are 345 00:18:18,400 --> 00:18:20,440 outside or rather in the background. 346 00:18:20,440 --> 00:18:23,160 You know, we we being nice outside of their control. 347 00:18:23,360 --> 00:18:26,960 But there's a lot of things going on in the world that are 348 00:18:26,960 --> 00:18:29,000 playing out in the background that we don't really see 349 00:18:29,000 --> 00:18:31,240 publicly. And it all has to go back to 350 00:18:31,240 --> 00:18:33,240 what we say here every single day on the show. 351 00:18:33,240 --> 00:18:35,280 Like it always goes back to the money. 352 00:18:35,480 --> 00:18:37,880 The money is broken. Hence why we always say that 353 00:18:37,880 --> 00:18:39,920 Bitcoin fixes this. And if you get to the root 354 00:18:39,920 --> 00:18:43,520 problem of the situation, which is the money, then you start to 355 00:18:43,520 --> 00:18:45,920 unravel the crazy stuff going on in the world. 356 00:18:45,920 --> 00:18:49,200 So I think it is hopeful that the Bitcoin message is 357 00:18:49,200 --> 00:18:51,160 spreading. And of course, it's becoming the 358 00:18:51,160 --> 00:18:55,120 defining conversation right now. And everyone and their mother 359 00:18:55,120 --> 00:18:58,960 will not be able to avoid this. So it is working. 360 00:18:58,960 --> 00:19:01,720 We are on the front lines. I don't want to say we're 361 00:19:01,720 --> 00:19:03,520 winning, but it feels like we're winning. 362 00:19:04,280 --> 00:19:05,440 Absolutely. Justin, what's your thoughts? 363 00:19:05,440 --> 00:19:06,600 Justin, what's your take on this? 364 00:19:08,240 --> 00:19:11,720 My take is it's raining and I went and got some of the rain. 365 00:19:11,880 --> 00:19:15,240 I love it. So yeah, guys, absolutely. 366 00:19:16,000 --> 00:19:19,320 I think I'd be really interested to know, you know, I went with 367 00:19:19,320 --> 00:19:23,280 Dennis Porter and Satoshi Action Fund to hand out books, the 368 00:19:23,280 --> 00:19:28,880 Bitcoin standard and a couple others 2 January's ago. 369 00:19:29,880 --> 00:19:34,160 And so I think like that I can't help but think that he didn't 370 00:19:34,160 --> 00:19:35,960 want to read the actual book when he got it on audio. 371 00:19:35,960 --> 00:19:38,080 His staff gave it to him on audio and that's perfect. 372 00:19:38,120 --> 00:19:40,920 And then he listened to it and like, that's how it goes. 373 00:19:40,920 --> 00:19:43,200 That's how it starts. But you're absolutely, I mean, 374 00:19:43,600 --> 00:19:46,360 Bitcoiners, we know this, it's the money. 375 00:19:46,360 --> 00:19:49,200 And I was on his faces. I just popped in because, you 376 00:19:49,200 --> 00:19:52,480 know, I'm down here, I'm new. I know the hostel staff, I know 377 00:19:52,920 --> 00:19:54,720 most of the security guards and those guys. 378 00:19:57,520 --> 00:20:00,400 I went on this basis because, you know, I'm sort of here and 379 00:20:00,800 --> 00:20:04,320 talk to people and it was about like Israel, Palestine. 380 00:20:04,320 --> 00:20:06,640 But then there's this guy, Truth Teller, and he was just going 381 00:20:06,640 --> 00:20:08,640 like. Back to the beginning of time 382 00:20:08,640 --> 00:20:10,880 and then all the way up to end the Federal Reserve and you 383 00:20:10,880 --> 00:20:13,640 know, Magna Carta and property rights and you know, again, 384 00:20:13,640 --> 00:20:18,080 Israel, Palestine, like confiscation of, of land and you 385 00:20:18,080 --> 00:20:21,720 know, whatever. And so then I went up and I 386 00:20:21,720 --> 00:20:25,680 said, you know, I and Maz, I was on her spaces a while ago and I 387 00:20:25,680 --> 00:20:28,160 said Bitcoin a couple times and she got frustrated and I went up 388 00:20:28,200 --> 00:20:30,800 and I said, all right, well, I won't, I won't use the words 389 00:20:30,800 --> 00:20:32,280 like no, go ahead. And I was like, no, I'm going to 390 00:20:32,280 --> 00:20:36,280 talk about it without using the word B, the B word and, and I 391 00:20:36,280 --> 00:20:39,080 did and you know, like a few 100 people in the space. 392 00:20:39,120 --> 00:20:43,120 And as like guys, money's a technology transfer value 393 00:20:43,120 --> 00:20:46,440 through space and time space with your, with other people 394 00:20:46,640 --> 00:20:51,000 solving the coincidence at once time with yourself for your 395 00:20:51,000 --> 00:20:53,600 future, your monetary energy, like Michael Saylor says. 396 00:20:53,640 --> 00:20:58,120 And you know, I just said some stuff for like, I don't know, 5 397 00:20:58,120 --> 00:21:02,720 minutes and then I went back down and they like, it's like I 398 00:21:02,720 --> 00:21:05,320 never existed. They just went right back to 399 00:21:05,320 --> 00:21:08,640 talking about religion and get the money changers out of the 400 00:21:08,640 --> 00:21:10,320 temple Guys. Hello. 401 00:21:11,120 --> 00:21:14,880 Who are the money changers? And it's, it's wild. 402 00:21:14,880 --> 00:21:19,520 Like I was trying to be as obvious as possible with the 403 00:21:19,520 --> 00:21:22,280 solution. Like Nico, you say, this guy, 404 00:21:22,280 --> 00:21:25,440 truth teller, he's very good at knowing all the problems. 405 00:21:25,440 --> 00:21:27,560 And we all know the problems. And at least I mean, that's the 406 00:21:27,560 --> 00:21:29,360 start, right? People are becoming aware of 407 00:21:29,360 --> 00:21:31,080 like, OK, well, what is inflation, right? 408 00:21:31,080 --> 00:21:32,560 It means I'm losing person power. 409 00:21:33,360 --> 00:21:36,400 But it's like, guys, there's a solution and it's not hard. 410 00:21:36,400 --> 00:21:38,280 And then there was this guy who's like, well, like, you 411 00:21:38,280 --> 00:21:41,560 know, he went a little wild and he said some stuff and everybody 412 00:21:41,560 --> 00:21:43,480 kind of freaked out about like violence. 413 00:21:43,480 --> 00:21:45,960 And then there was another thing I put, I was like, you guys, 414 00:21:46,120 --> 00:21:49,800 Bitcoin's a peaceful revolution. Like your shirts, that's a Noah. 415 00:21:49,800 --> 00:21:53,760 Where's he at? But yeah, they just, they told 416 00:21:53,760 --> 00:21:56,920 it's like no one was listening or they ha ha Bitcoin. 417 00:21:58,120 --> 00:22:01,360 It's wild. And so, you know, I think it's 418 00:22:01,600 --> 00:22:03,760 one of the reasons I'm so excited to be down here is 419 00:22:03,760 --> 00:22:09,880 because it's so different guys, because you can talk to about 420 00:22:09,880 --> 00:22:14,400 Bitcoin to anybody and a lot of people don't know and people 421 00:22:14,400 --> 00:22:17,120 might have thoughts about Buchelli and this and that and 422 00:22:17,120 --> 00:22:19,760 like, you know, government mandating. 423 00:22:20,080 --> 00:22:23,560 No, he didn't mandate anything like I can pay for my hotel room 424 00:22:23,560 --> 00:22:27,440 at this Hyatt Centric in San Salvador, but there's you can't 425 00:22:27,440 --> 00:22:31,400 use Bitcoin and almost all the gas stations all like people 426 00:22:31,400 --> 00:22:35,120 have the choice to not use it and they aren't, but they're 427 00:22:35,120 --> 00:22:38,200 willing to listen. And so I had asked the security 428 00:22:38,200 --> 00:22:40,800 guards for two minutes at a time and download WADA Satoshi and 429 00:22:40,800 --> 00:22:46,120 then I give them a tip for their service for my security and it's 430 00:22:46,120 --> 00:22:48,440 awesome. And so, yeah, I mean, it's it, 431 00:22:48,840 --> 00:22:51,680 it is not about red versus blue, it's about green versus orange. 432 00:22:51,720 --> 00:22:54,880 But it does matter who the leader is. 433 00:22:55,000 --> 00:22:57,320 And if we have two octogenarians, you know, like 434 00:22:58,160 --> 00:23:01,640 that's stupid. Get a leader's a little essay, 435 00:23:02,880 --> 00:23:05,200 you know, See what happens. Absolutely. 436 00:23:05,520 --> 00:23:08,800 All right everybody, before we move on to the new segment, I do 437 00:23:08,800 --> 00:23:11,880 want to give a very, very special shout out to our 438 00:23:11,880 --> 00:23:14,440 sponsor. Talking about the party that you 439 00:23:14,440 --> 00:23:18,320 guys don't want to miss. I'm talking about the pleb party 440 00:23:18,320 --> 00:23:22,240 that's going to be hosted in Nashville, TN Guys, you 441 00:23:22,240 --> 00:23:25,480 definitely don't want to miss this Bitcoin Celebration is 442 00:23:25,480 --> 00:23:29,400 going to be a 12 hour open bar from noon to midnight, hosted in 443 00:23:29,400 --> 00:23:34,360 Nashville July 25th, the day before the largest Bitcoin 444 00:23:34,360 --> 00:23:37,720 conference on planet earth. That's right, it's a 12 hour 445 00:23:37,720 --> 00:23:41,120 open bar party. Liquor is included in the 446 00:23:41,120 --> 00:23:43,640 ticket. Confirmed attendees include 447 00:23:43,640 --> 00:23:46,520 Larry Leopard, Breaston Pitch, the entire simply Bitcoin crew, 448 00:23:46,520 --> 00:23:49,800 James Lavish, Robert Brelove, Mark Moss, pubby Tatum, Turn up, 449 00:23:49,800 --> 00:23:51,960 Adam O'Brien. It's going to be hosted in an 450 00:23:51,960 --> 00:23:55,680 amazing venue, a rustic automobile factory from 1910 451 00:23:55,800 --> 00:23:58,640 with brick walls and tons of proof of work atmosphere. 452 00:23:58,840 --> 00:24:02,200 The last Pleb Party in Miami was sold out eight days before. 453 00:24:02,320 --> 00:24:05,560 Over 1000 Bitcoin plebs are expected to attend. 454 00:24:05,720 --> 00:24:08,760 You definitely don't want to miss the Bitcoin Pleb Party 455 00:24:08,840 --> 00:24:11,920 hosted in Nashville, TN July 25th. 456 00:24:12,160 --> 00:24:15,400 See you guys there get your tickets quickly before the price 457 00:24:15,400 --> 00:24:17,600 goes up. I think there's only like 20-30 458 00:24:17,600 --> 00:24:19,720 tickets left at the $200.00 price point. 459 00:24:19,960 --> 00:24:23,120 The tickets sold out eight days before the event in Miami. 460 00:24:23,120 --> 00:24:25,360 You will not be able to get tickets at the door. 461 00:24:25,560 --> 00:24:28,160 Hope to see you guys at the Pleb Party in Nashville. 462 00:24:28,320 --> 00:24:30,880 Scan the QR code or check the link in the video description 463 00:24:31,000 --> 00:24:33,040 For more information on how to buy your tickets. 464 00:24:33,240 --> 00:24:35,080 All right everybody, let's head to news. 465 00:24:35,080 --> 00:24:40,400 Lots to talk about. The Daily News. 466 00:24:42,120 --> 00:24:45,560 I want to give a shout out to our sponsor Foundation Devices. 467 00:24:45,760 --> 00:24:49,120 It's self custody done right. 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Experience the Peace of Mind 475 00:25:10,960 --> 00:25:13,600 that comes with taking ownership of your own keys. 476 00:25:13,800 --> 00:25:18,360 After a massive sell out during Bitcoin Miami 2023, the passport 477 00:25:18,360 --> 00:25:21,240 is back in stock at foundationdevices.com. 478 00:25:21,600 --> 00:25:25,240 Bitcoin only open source, verifiable completely air gap 479 00:25:25,360 --> 00:25:29,240 security model, gorgeous design craft premium grade materials. 480 00:25:29,400 --> 00:25:31,600 If you're thinking about getting your Bitcoin off exchange 481 00:25:31,680 --> 00:25:33,480 changes, this is the one for you. 482 00:25:33,720 --> 00:25:36,880 Check out the passport link in the show notes below to learn 483 00:25:36,880 --> 00:25:39,080 more. All right everybody, I made 484 00:25:39,080 --> 00:25:43,880 incredibly easy for you guys to empower yourself with self 485 00:25:43,880 --> 00:25:46,000 custody. All you got to do is scan the QR 486 00:25:46,000 --> 00:25:48,760 code on your screen. It will take you directly to the 487 00:25:48,760 --> 00:25:51,840 foundation devices website where you guys can get yourself a 488 00:25:51,840 --> 00:25:54,960 passport hardware wallet, not your keys, not your cheese. 489 00:25:55,120 --> 00:25:56,920 You could pair this up with the Envoy app. 490 00:25:57,160 --> 00:26:00,680 It makes spending cold storage Bitcoin incredibly easy. 491 00:26:00,680 --> 00:26:04,280 So scan the QR code or check the link in the video description 492 00:26:04,480 --> 00:26:07,320 For more information. All right, everybody, let's talk 493 00:26:07,320 --> 00:26:12,440 about this man, the Chad sailor dropping absolute fire at the 494 00:26:12,440 --> 00:26:16,280 BTC Prague conference. And the name of his presentation 495 00:26:16,280 --> 00:26:19,640 was 21. Let me it was. 496 00:26:19,920 --> 00:26:24,560 It was. 21 lessons. Or 21 rules, 21 rules for for 497 00:26:24,560 --> 00:26:27,920 navigating Bitcoin. And he dropped a lot of stuff in 498 00:26:27,920 --> 00:26:32,280 this presentation. Now before I get to the absurd 499 00:26:32,280 --> 00:26:37,080 number, which is like this $8 million number, some were saying 500 00:26:37,280 --> 00:26:42,280 basically 70 million, which is fucking insane completely 501 00:26:42,280 --> 00:26:45,000 completely outside of the Overton window in the eyes of 502 00:26:45,000 --> 00:26:48,440 bitcoiners, right? The general like comment and 503 00:26:48,440 --> 00:26:51,360 thing that I always get is like, let's get to 100K first. 504 00:26:51,360 --> 00:26:53,360 And I completely agree. By the way, if you guys are 505 00:26:53,360 --> 00:26:56,600 enjoying the show so far, make sure to smash that like button 506 00:26:56,800 --> 00:27:01,160 help us break 100 likes on the live show within the first 30 507 00:27:01,160 --> 00:27:04,280 minutes really tells the YouTube algos to push it forward. 508 00:27:04,440 --> 00:27:07,880 If you're watching us on Rumble and on X also make sure to smash 509 00:27:07,880 --> 00:27:10,960 that like button, share the video, help us push the orange 510 00:27:11,160 --> 00:27:13,840 signal forward. Anyways, before I get to all 511 00:27:13,840 --> 00:27:16,880 that, we have to, if you want to take a look at what's going to 512 00:27:16,880 --> 00:27:18,880 happen in the future, it's probably a good idea to take a 513 00:27:18,880 --> 00:27:20,120 look at what happened in the past. 514 00:27:20,280 --> 00:27:21,960 So first I'm going to start off with this. 515 00:27:22,200 --> 00:27:26,240 This is Pete Russo, huge fan, works at Bitcoin magazine. 516 00:27:26,240 --> 00:27:28,800 I think he does some writing for Forbes and Kraken as well. 517 00:27:29,600 --> 00:27:33,960 He's the editor at large and he calls himself and I would agree 518 00:27:33,960 --> 00:27:36,680 with him. He is the Bitcoin historian. 519 00:27:36,680 --> 00:27:40,320 So he kind of goes back in time and he shows you little things 520 00:27:40,320 --> 00:27:42,200 that have happened throughout Bitcoin's history. 521 00:27:42,560 --> 00:27:44,840 And it's really important to remember. 522 00:27:44,960 --> 00:27:48,760 Like if Michael Saylor came out of the blue and he just said 523 00:27:48,760 --> 00:27:52,120 this is going to happen with Bitcoin, you'd have to take a 524 00:27:52,120 --> 00:27:56,800 look at his track record for predicting these types of 525 00:27:56,800 --> 00:28:00,280 events. So first, here is a video of 526 00:28:00,280 --> 00:28:04,720 Michael Saylor explaining why Apple's iPhone was revolutionary 527 00:28:04,920 --> 00:28:09,680 exactly 11 years ago. So this was before we had this. 528 00:28:09,960 --> 00:28:15,000 This was like when the first iPhone was released and it was 529 00:28:15,000 --> 00:28:19,400 like kind of, you know, it was it did, it was, it had limited 530 00:28:19,400 --> 00:28:21,680 functionality, had limited thing. 531 00:28:21,960 --> 00:28:24,600 But Michael Saylor was a visionary to explain that it was 532 00:28:24,600 --> 00:28:26,000 going to completely change the world. 533 00:28:26,000 --> 00:28:30,560 Now, back then, if you guys remember, the BlackBerry was all 534 00:28:30,560 --> 00:28:32,400 the buzz, the BlackBerry with the keyboard. 535 00:28:32,400 --> 00:28:36,080 No one thought that a touchscreen phone that allowed 536 00:28:36,080 --> 00:28:39,120 you to browse the Internet, allowed you to go on YouTube, 537 00:28:39,120 --> 00:28:42,320 allowed you to use Google Maps in a seamless way and a human 538 00:28:42,320 --> 00:28:46,240 friendly way that was never going to take on like I, I 539 00:28:46,240 --> 00:28:49,040 remember, I remember that I was, I'm old enough to remember that 540 00:28:49,040 --> 00:28:51,040 type of stuff. So it's important. 541 00:28:51,040 --> 00:28:56,200 You have to look at his logic back then just to compare 542 00:28:56,200 --> 00:28:58,400 because essentially he's doing the same thing. 543 00:28:58,640 --> 00:29:01,800 He's prophesizing. He's predicting a lot of these 544 00:29:01,800 --> 00:29:03,400 things are going to happen with Bitcoin. 545 00:29:03,920 --> 00:29:08,200 He did the exact same thing with the iPhone and the smartphone 546 00:29:08,200 --> 00:29:11,960 revolution, which completely changed the world, right? 547 00:29:11,960 --> 00:29:15,920 Everyone's plugged in now. You know, this wasn't a thing 15 548 00:29:15,920 --> 00:29:18,160 years ago. You had BlackBerry, but that was 549 00:29:18,160 --> 00:29:20,120 like BlackBerry Messenger. That was the thing. 550 00:29:20,320 --> 00:29:23,200 Now your iPhone or your, your smartphone, your Android device, 551 00:29:23,200 --> 00:29:26,640 it literally does everything. You want food delivered to your 552 00:29:26,640 --> 00:29:28,360 house. You want an Uber to pick you up 553 00:29:28,680 --> 00:29:32,240 You want directions, You have a question ChatGPT it it also 554 00:29:32,240 --> 00:29:34,800 functions as a Bitcoin wallet. Everything and anything your 555 00:29:34,800 --> 00:29:37,760 smartphone does, it's like a computer in your hand right? 556 00:29:37,920 --> 00:29:39,400 So anyways, let's check out this video. 557 00:29:40,560 --> 00:29:43,280 Look, I mean, Apple Computer was like worth 3 billion twelve 558 00:29:43,280 --> 00:29:45,440 years ago and then went to 600 billion. 559 00:29:45,760 --> 00:29:48,560 If you ask me, Apple Computer's going to $2000 a share, right? 560 00:29:48,560 --> 00:29:50,360 I mean, I'd be very, very long in that company. 561 00:29:50,640 --> 00:29:53,200 Whoever's selling that stock must be a moron, right? 562 00:29:53,200 --> 00:29:56,160 I mean, this, this is a company that's going to actually have 4 563 00:29:56,160 --> 00:29:59,040 billion devices out there. If they roll them over once 564 00:29:59,040 --> 00:30:01,120 every four years, they're going to sell a billion devices a 565 00:30:01,120 --> 00:30:03,720 year. And, and the thing that people 566 00:30:03,920 --> 00:30:05,400 they don't get right, you either get it. 567 00:30:05,400 --> 00:30:07,000 You don't get it. I'm going to come back to your 568 00:30:07,000 --> 00:30:09,680 PC question. I don't know a lot about PCs. 569 00:30:09,680 --> 00:30:12,360 I bought 10,020 thousand PCs in my life. 570 00:30:12,360 --> 00:30:14,560 I got 3000 sitting underneath my desks. 571 00:30:15,200 --> 00:30:17,080 You put a Dell computer underneath the desk. 572 00:30:17,320 --> 00:30:22,120 You don't care that it's loud and and it's hot and it's a 573 00:30:22,120 --> 00:30:27,640 power hog and it's ugly and it's heavy and it's like an ugly 574 00:30:27,640 --> 00:30:29,760 beige cabinet with screws showing. 575 00:30:30,000 --> 00:30:32,320 You don't give a crap. You just want it to be $400.00 576 00:30:32,320 --> 00:30:33,920 or $500. OK? 577 00:30:34,160 --> 00:30:37,520 You put a phone in your pocket and you sleep on it or next to 578 00:30:37,520 --> 00:30:39,200 it. You care whether it's hot. 579 00:30:39,200 --> 00:30:41,840 You care what it looks like. You care the the battery life. 580 00:30:41,840 --> 00:30:44,440 You care about the radio. This is an iPhone 5. 581 00:30:44,440 --> 00:30:46,800 This runs 10 times faster than an iPhone 4. 582 00:30:47,600 --> 00:30:49,960 There's not an 8 year old on the planet that doesn't want an 583 00:30:49,960 --> 00:30:54,120 iPhone 5, right? Who wants to wait 42 seconds to 584 00:30:54,120 --> 00:30:56,640 watch something download instead of two seconds? 585 00:30:57,280 --> 00:30:59,760 Nobody, right? You don't have to be a genius to 586 00:30:59,760 --> 00:31:02,240 run Apple Computer. You just have to, every year and 587 00:31:02,240 --> 00:31:05,320 make the product a bit lighter, a bit more elegant, make it a 588 00:31:05,320 --> 00:31:07,360 better radio, make it a better battery. 589 00:31:07,800 --> 00:31:11,720 And then I sat with, you know, one of the 10 richest guys in 590 00:31:11,720 --> 00:31:16,160 the world for dinner three nights ago, five nights ago, and 591 00:31:16,440 --> 00:31:18,800 we had dinner for four hours and he didn't have to talk, you 592 00:31:18,800 --> 00:31:20,720 know, I didn't have to talking and at one. 593 00:31:21,040 --> 00:31:23,160 And he's much more successful than I am. 594 00:31:24,040 --> 00:31:27,280 I understand that, by the way. As I said, it's like it's, you 595 00:31:27,280 --> 00:31:29,880 know, sometimes you got to do other things than just have 596 00:31:29,880 --> 00:31:32,400 opinions to make money, right? There's a lot of execution 597 00:31:32,400 --> 00:31:34,520 involved in the rest. But I have opinions. 598 00:31:34,960 --> 00:31:39,880 So. So he said to me, you know, 599 00:31:39,880 --> 00:31:42,600 Apple Computer, can these guys hold their prices? 600 00:31:42,600 --> 00:31:44,560 You know, aren't, you know, aren't they going to follow the 601 00:31:44,560 --> 00:31:47,000 model of the PC industry? Aren't their prices going to 602 00:31:47,000 --> 00:31:49,080 taper down? Their 40% margins can become 30 603 00:31:49,080 --> 00:31:51,600 and 35 and 20. And it's another example of 604 00:31:51,600 --> 00:31:53,840 people just know enough to hurt themselves, right? 605 00:31:54,240 --> 00:31:56,560 If you're going to know a subject, you better know the 606 00:31:56,560 --> 00:32:00,160 subject because because being like a, you know, dilettante and 607 00:32:00,160 --> 00:32:05,640 knowing. So, OK, he got that absolutely 608 00:32:05,720 --> 00:32:09,400 right, completely right. Like the smartphone completely 609 00:32:09,400 --> 00:32:13,120 revolutionized everything. And specifically it was Apple. 610 00:32:13,360 --> 00:32:17,640 First time they announced the iPhone, Steve Jobs, that whole 611 00:32:17,640 --> 00:32:20,680 thing. I remember I did not buy the 612 00:32:20,680 --> 00:32:23,600 first iPhone. I think I bought like iPhone 5 613 00:32:24,040 --> 00:32:27,200 where I was like, OK, you know, this thing is awesome, right? 614 00:32:27,720 --> 00:32:31,400 And of course, you know, that led Android to be a competitor. 615 00:32:31,680 --> 00:32:35,640 Windows never got on the, you know, on the smartphone thing, 616 00:32:36,000 --> 00:32:39,080 and now everyone either has an iPhone or they have an Android. 617 00:32:39,560 --> 00:32:42,720 He nailed that, right? If you had money invested in 618 00:32:42,720 --> 00:32:46,320 Apple before they announced the iPhone, and then when they 619 00:32:46,320 --> 00:32:48,400 announced it or whatever, you would have made an absolute 620 00:32:48,400 --> 00:32:50,800 killing, right? So he nailed this. 621 00:32:51,120 --> 00:32:54,080 And this is the same man that's telling you what his thought 622 00:32:54,080 --> 00:32:55,800 lot, what his thought process is. 623 00:32:56,320 --> 00:32:59,280 So this leads me to the next thing, which is all your models 624 00:32:59,280 --> 00:33:01,760 will be destroyed. Sailor on stage predicted he 625 00:33:01,760 --> 00:33:06,840 believes a 24%. And when they're talking about 626 00:33:07,440 --> 00:33:12,680 cigars, CAGAR basically means like compound interest and for 627 00:33:12,680 --> 00:33:15,360 Bitcoin in the next 10 years is extremely conservative. 628 00:33:15,840 --> 00:33:19,960 That would be 600,000 by 2034 when Godzilla comes to the 629 00:33:19,960 --> 00:33:23,720 playground, your model of what wins the game are irrelevant. 630 00:33:24,120 --> 00:33:27,000 Now I know I know what a lot of you guys are thinking like you 631 00:33:27,000 --> 00:33:30,880 know, it seems seems kind of bearish 600,000 by 2034. 632 00:33:30,880 --> 00:33:33,360 I would agree. But anyways, that's the 633 00:33:33,360 --> 00:33:37,320 conservative part. Anyways, this goes on to say 634 00:33:37,320 --> 00:33:40,600 Sailor claims for digital capital has the potential to be 635 00:33:40,600 --> 00:33:44,920 half of everything in the world where we where we are yet to 636 00:33:44,920 --> 00:33:47,040 imagine. And the reason I played for you 637 00:33:47,040 --> 00:33:49,920 guys, this video in the beginning is kind of give you an 638 00:33:49,920 --> 00:33:53,360 idea of when he was making this prediction. 639 00:33:53,640 --> 00:33:57,840 You have to understand that the iPhone was not a thing, like it 640 00:33:57,840 --> 00:34:02,480 was not it was it like what you guys take for granted today on 641 00:34:02,480 --> 00:34:06,040 what your smartphone could do that wasn't even considered. 642 00:34:06,040 --> 00:34:08,199 That wasn't even a possibility, right? 643 00:34:09,480 --> 00:34:13,239 So it's important to remember that it's very hard to think 644 00:34:13,239 --> 00:34:16,320 into the of what the future would be like because 645 00:34:16,320 --> 00:34:19,560 essentially it's like trying to go back to the 1990s or the 646 00:34:19,560 --> 00:34:23,480 early 2000s and say, hey, you know what, in 20 years, we're 647 00:34:23,480 --> 00:34:26,760 all going to be talking simultaneously through to each 648 00:34:26,760 --> 00:34:30,239 other via Zoom or we're actually going to be making shows our 649 00:34:30,239 --> 00:34:33,320 self uploading them or like we're going to be the content 650 00:34:33,320 --> 00:34:36,760 creator yourself is not going to be, it's so inconceivable. 651 00:34:37,280 --> 00:34:39,840 So to think that in 10 years, again, it's going to be 652 00:34:39,840 --> 00:34:42,719 completely inconceivable of the things that Bitcoin is going to 653 00:34:42,719 --> 00:34:46,520 allow individuals all over the world to do anyways. 654 00:34:46,520 --> 00:34:50,480 He goes on to say he said this will drive up by 1000 percent, 655 00:34:50,480 --> 00:34:55,520 1000 times, which is $70 million per Bitcoin in today's dollars. 656 00:34:55,960 --> 00:34:59,280 Now, sounds a little bit absurd, definitely outside the Overton 657 00:34:59,280 --> 00:35:04,440 window, overly bullish. So let's look at the short term. 658 00:35:05,080 --> 00:35:09,240 Here's Fred Krueger, huge fan of the Bitcoin power law. 659 00:35:09,240 --> 00:35:13,200 We had Giovanni on the show the other day and he had some 660 00:35:13,200 --> 00:35:16,920 thoughts in relation to Michael Saylor talking about his $8 661 00:35:16,920 --> 00:35:19,000 million prediction. We played you guys the video. 662 00:35:19,000 --> 00:35:23,160 It's kind of like a like a cut up produced video of a part of 663 00:35:23,160 --> 00:35:26,280 his speech where he mentions the $8 million per Bitcoin. 664 00:35:27,120 --> 00:35:29,440 And here's Fred Krueger and he says you can definitely model 665 00:35:29,440 --> 00:35:31,880 Godzilla. He has been stomping around for 666 00:35:31,880 --> 00:35:35,520 15 years. Bitcoin will grow at 24%. 667 00:35:35,520 --> 00:35:38,040 Compound increase is in fact a rough model. 668 00:35:38,360 --> 00:35:40,200 The actual data says the following. 669 00:35:40,880 --> 00:35:43,520 The compound growth is closer to 44%. 670 00:35:44,240 --> 00:35:48,440 The compound growth is on the path to to decrease 34% to to 671 00:35:48,440 --> 00:35:52,440 34% within decade and 24% within 2. 672 00:35:52,920 --> 00:35:56,520 The volatility is about .3 in log space. 673 00:35:56,960 --> 00:36:01,440 So I did some of that math. Let's start off with $65,000 674 00:36:01,440 --> 00:36:03,560 Bitcoin. This is a compound interest 675 00:36:03,560 --> 00:36:07,280 calculator by the way. Let's add the six years until 676 00:36:07,280 --> 00:36:11,520 the end of the decade. Let's introduce the estimated 677 00:36:11,520 --> 00:36:15,360 interest rate according to Mr. Krueger. 678 00:36:16,760 --> 00:36:20,640 And if you do the calculation that gives you a half $1,000,000 679 00:36:20,640 --> 00:36:24,720 Bitcoin by the end of 2030, which is online with a with a 680 00:36:24,720 --> 00:36:27,680 lot of people are predicting. Now here's where things get 681 00:36:27,680 --> 00:36:30,000 absolutely crazy. This is where things get 682 00:36:30,000 --> 00:36:32,600 absolutely insane. And I think this is the power of 683 00:36:32,640 --> 00:36:35,320 of compounding. So let's talk about the next 684 00:36:35,320 --> 00:36:40,560 decade like the 2030, right? So Fred Krueger here estimates 685 00:36:40,560 --> 00:36:43,240 that after the end of the decade, the model is going to 686 00:36:43,240 --> 00:36:47,680 decrease to 34%. OK, so let's start off with 687 00:36:47,680 --> 00:36:51,320 let's assume that Bitcoin will be 582,000 by the end of the 688 00:36:51,320 --> 00:36:54,120 decade. Now let's add the next decade, 689 00:36:54,120 --> 00:36:56,800 the next 10 years. So 2030 till 2040. 690 00:36:57,360 --> 00:37:00,480 Let's estimate the interest rate. 691 00:37:00,800 --> 00:37:04,960 Let's add a very variance rate of 10, which will allow us to 692 00:37:04,960 --> 00:37:12,000 incorporate the decrease to 24%. And let's do the math and it 693 00:37:12,000 --> 00:37:18,680 leaves us with a $10 million Bitcoin 10 point ten 10,800,000 694 00:37:19,120 --> 00:37:24,800 by 2040. Now let's do the year the, the 695 00:37:24,920 --> 00:37:29,440 decade after, like he said, and 24% within two decades. 696 00:37:30,440 --> 00:37:32,920 So let's make the next assumption. 697 00:37:32,920 --> 00:37:35,720 But let's take a conservative approach, right? 698 00:37:35,720 --> 00:37:38,000 Because it's important to be conservative of all this. 699 00:37:38,000 --> 00:37:41,720 Let's just say that it actually wasn't a 34% increase. 700 00:37:42,000 --> 00:37:46,520 Let's just say it was just a 5 million percent increase, right? 701 00:37:46,560 --> 00:37:51,440 And now let's introduce the 24 percent expected compound 702 00:37:51,440 --> 00:37:53,840 interest rate for Bitcoin in two decades. 703 00:37:53,840 --> 00:38:01,120 So the year 2020, two 25 years basically, so 20/20/50. 704 00:38:01,720 --> 00:38:03,960 And let's have that conversation. 705 00:38:04,160 --> 00:38:07,360 So let's assume that it's $5,000,000 per Bitcoin. 706 00:38:08,160 --> 00:38:10,960 Let's do an inch, let's do a length of time of another 10 707 00:38:10,960 --> 00:38:13,360 years. Let's do an estimated interest 708 00:38:13,360 --> 00:38:16,560 rate of 24. And if we do the math, this is 709 00:38:16,560 --> 00:38:19,120 where things get absolutely nuts, right? 710 00:38:19,400 --> 00:38:23,240 So when he, when we're hearing these types of things, the $70 711 00:38:23,240 --> 00:38:27,560 million mark and you actually run the numbers with the most 712 00:38:27,560 --> 00:38:31,960 conservative estimates, doesn't sound so fucking crazy anymore. 713 00:38:32,440 --> 00:38:34,440 It just takes a lot of time, right? 714 00:38:35,000 --> 00:38:37,600 So I mean, it's absolutely crazy. 715 00:38:37,600 --> 00:38:40,040 It's absolutely insane. And by the way, I would say that 716 00:38:40,040 --> 00:38:44,360 this is in today's dollars, which is absolutely incredibly 717 00:38:44,360 --> 00:38:46,840 bullish. Anyways, Opti, what's your take 718 00:38:46,840 --> 00:38:49,880 on all this brother? Yeah, well, first and foremost, 719 00:38:50,880 --> 00:38:54,200 I just love seeing Sailor being absolutely stupidly bullish on 720 00:38:54,200 --> 00:38:56,600 Apple as well. You just love to see it. 721 00:38:56,600 --> 00:39:00,160 It's just like in his nature, it's like we're we're we're the 722 00:39:00,160 --> 00:39:01,080 same people. I love it. 723 00:39:01,080 --> 00:39:04,680 I absolutely love it. And also like one thing that 724 00:39:04,680 --> 00:39:07,560 that kind of hit me while you were saying that, like it's 725 00:39:07,560 --> 00:39:12,440 crazy how long the iPhone has been like a part of modern life. 726 00:39:12,440 --> 00:39:15,400 And it's really like a short time frame when you really look 727 00:39:15,400 --> 00:39:18,760 backwards and how inseparable it is with like the modern world. 728 00:39:18,800 --> 00:39:21,520 You know, I know there's like a movement right now of everyone 729 00:39:21,520 --> 00:39:24,680 trying to go to like, like flip flops because of all the 730 00:39:24,680 --> 00:39:27,480 surveillance and the iPhone, it's like they're, you know, 731 00:39:27,480 --> 00:39:30,280 they're tracking all of our data and we're all like, man, maybe 732 00:39:30,280 --> 00:39:32,360 we got to go move back from smartphones. 733 00:39:32,680 --> 00:39:35,520 But remember, we have a supercomputer in our pockets. 734 00:39:35,520 --> 00:39:37,440 And for better or worse, like I love the iPhone. 735 00:39:37,440 --> 00:39:39,160 It worked. It does everything I need to do. 736 00:39:39,160 --> 00:39:41,320 It's beautiful. You know, I watch videos, I 737 00:39:41,720 --> 00:39:43,880 communicate with my family. Like it's great. 738 00:39:43,880 --> 00:39:46,440 I absolutely love having a supercomputer in my pocket. 739 00:39:46,880 --> 00:39:50,600 And this is where Bitcoin is going like right now, probably. 740 00:39:50,600 --> 00:39:54,480 I'm sure if you can, for the people out there, if you map out 741 00:39:55,080 --> 00:39:59,400 how long the iPhone was out and how long the Apple stock was 742 00:39:59,400 --> 00:40:01,920 out, I'm sure you can find some connections and correlations in 743 00:40:01,920 --> 00:40:04,400 this. And like, Bitcoin's still early. 744 00:40:04,400 --> 00:40:06,240 We're still so early. And there was one thing that 745 00:40:06,240 --> 00:40:08,320 Sailor said I really enjoyed in that clip. 746 00:40:08,560 --> 00:40:11,520 It was the meme of like. Most people know enough to hurt 747 00:40:11,520 --> 00:40:13,600 themselves. And I think that's a perfect, a 748 00:40:13,600 --> 00:40:16,560 perfect meme or a perfect example of, of people's quote UN 749 00:40:16,560 --> 00:40:19,440 quote understanding of Bitcoin because most people think they 750 00:40:19,440 --> 00:40:22,000 know what Bitcoin is. You know, it's a speculation. 751 00:40:22,000 --> 00:40:24,520 You're just gambling like you're in it for the Fiat, bro. 752 00:40:24,800 --> 00:40:28,440 And then once they really dive into the the weeds of Bitcoin 753 00:40:28,440 --> 00:40:32,080 and what it does, they start to realize how big Bitcoin actually 754 00:40:32,080 --> 00:40:33,560 is. And it kind of reverts back to 755 00:40:33,560 --> 00:40:36,680 what Thomas Massie was saying in that first clip where once he 756 00:40:36,680 --> 00:40:40,000 understood the Bitcoin standard, he's like, oh, wow, this is this 757 00:40:40,000 --> 00:40:41,760 is huge. This Bitcoin thing is huge. 758 00:40:41,760 --> 00:40:43,920 Like someone said in the chat, like, I don't know if you know, 759 00:40:43,920 --> 00:40:46,160 but this Bitcoin thing is kind of a big deal. 760 00:40:46,440 --> 00:40:49,040 And this is where we're going. Bitcoin's going to fundamentally 761 00:40:49,040 --> 00:40:52,520 change the fabric of society and we're all here for it. 762 00:40:52,520 --> 00:40:56,040 So I absolutely love it. And then on the 8 million price 763 00:40:56,040 --> 00:40:59,240 prediction, like I just love the 8 million price prediction with 764 00:40:59,240 --> 00:41:01,320 no time frame. Like that's a legit speculation. 765 00:41:01,360 --> 00:41:05,160 Like I absolutely love it. But wait, hold on a second. 766 00:41:05,160 --> 00:41:07,560 Hold your thought. No, no, no. 767 00:41:07,560 --> 00:41:12,560 So, OK, so according to this by the end of 2040. 768 00:41:12,640 --> 00:41:14,160 OK, OK, OK, OK. By the. 769 00:41:14,160 --> 00:41:20,400 End of 2040, if Bitcoin does a 24% compound growth, it's about 770 00:41:20,400 --> 00:41:26,040 5 million at the end of 2040. By 2040, if it does a 34% 771 00:41:26,040 --> 00:41:29,360 compound growth, it's a 10,800,000. 772 00:41:29,360 --> 00:41:31,320 Okay, love it. Okay, so there was a time frame. 773 00:41:31,320 --> 00:41:34,840 I absolutely love it, so I take that back, but I'm a simple man. 774 00:41:34,840 --> 00:41:37,800 I still revert back to how Finney's bullish prediction of 775 00:41:37,800 --> 00:41:40,320 10 Mail and I'm glad we've got some maths there. 776 00:41:40,520 --> 00:41:43,720 Of course, no one knows where the price of Bitcoin is going. 777 00:41:43,800 --> 00:41:47,720 Infinity divided by 21 million. All we know is that the price is 778 00:41:47,720 --> 00:41:49,800 going to go up. It's going to continue to go up. 779 00:41:50,080 --> 00:41:52,960 And but we're human and of course we like models. 780 00:41:52,960 --> 00:41:54,840 We like to map out where this is going. 781 00:41:55,040 --> 00:41:57,560 So I always think that this stuff is probably good for 782 00:41:57,560 --> 00:42:01,480 people to wrap their head around how big of a deal Bitcoin 783 00:42:01,480 --> 00:42:04,240 actually is. But hey, all I know is I'm 784 00:42:04,280 --> 00:42:06,160 stacking Bitcoin. Yeah, exactly. 785 00:42:06,160 --> 00:42:08,560 And then, and then I'll say this, right, because I know what 786 00:42:08,560 --> 00:42:10,200 a lot of you guys are going to be in the chat. 787 00:42:10,280 --> 00:42:13,320 And it's important to remember, remember, right, that this we 788 00:42:13,320 --> 00:42:16,360 have to look at the past just like we looked at what was 789 00:42:16,360 --> 00:42:19,960 happening with Michael Saylor to take it to have an idea of what 790 00:42:19,960 --> 00:42:22,560 is going to happen in the future, right? 791 00:42:22,720 --> 00:42:25,560 So you have two videos that I played for you guys. 792 00:42:25,760 --> 00:42:29,440 This is the guy making the $8 million prediction. 793 00:42:29,840 --> 00:42:31,440 He was completely right about Apple. 794 00:42:31,880 --> 00:42:34,840 And when you hear these absolutely absurd numbers that 795 00:42:34,840 --> 00:42:38,040 are just completely unbelievable, it's important to 796 00:42:38,040 --> 00:42:42,640 look at the past. If you knew that Bitcoin was 797 00:42:42,640 --> 00:42:48,480 going to go to 71,072 thousand, you know, a decade later when 798 00:42:48,480 --> 00:42:52,280 the price of Bitcoin was $100, what would you would have done? 799 00:42:52,280 --> 00:42:54,840 What would you would have done? You would have you would have 800 00:42:54,840 --> 00:42:58,000 done everything in your power to stack as much Bitcoin as 801 00:42:58,000 --> 00:43:00,280 possible. So here's one of the early 802 00:43:00,280 --> 00:43:04,640 videos of a Bitcoiners celebrating Bitcoin passing 803 00:43:05,000 --> 00:43:08,120 $100. History be made. 804 00:43:09,880 --> 00:43:16,600 Bitcoin is now up to $111. It's an all time high and it's 805 00:43:16,600 --> 00:43:19,280 continuing to rise. I've seen it break three times 806 00:43:19,280 --> 00:43:22,400 today, went up to 110, and this is the highest that it's been. 807 00:43:22,400 --> 00:43:31,360 It's ridiculous. Last trade 189 Bitcoin for $111. 808 00:43:32,800 --> 00:43:36,080 You hear that? That is crazy, dude. 809 00:43:36,440 --> 00:43:40,280 That is crazy. So it's important you you should 810 00:43:40,280 --> 00:43:42,760 look at the past if you want to take a look at what's going to 811 00:43:42,760 --> 00:43:46,640 happen in the future. Sailor has a great he has a 812 00:43:46,640 --> 00:43:52,840 great, great track record. And so does, you know, take a 813 00:43:52,840 --> 00:43:55,120 look at this video. And I'm positive that this is 814 00:43:55,120 --> 00:43:57,760 going to happen in the future. People are going to take a look 815 00:43:57,960 --> 00:44:01,280 like, dude, remember when Bitcoin was at 70K when this 816 00:44:01,280 --> 00:44:04,280 thing is at a couple $1,000,000 a coin and you'll be like, dude, 817 00:44:04,280 --> 00:44:07,880 I had an opportunity to buy AT70K, but I thought it was too 818 00:44:07,880 --> 00:44:09,560 much. So anyways, that's where I'm 819 00:44:09,560 --> 00:44:12,720 going to start Monday just to kind of give you guys something 820 00:44:12,720 --> 00:44:15,560 to think about, give you guys a little bit of hope. 821 00:44:16,000 --> 00:44:19,320 Seems like our friend over here interested. 822 00:44:19,400 --> 00:44:21,760 What are you doing? He's a little bit busy. 823 00:44:21,760 --> 00:44:23,440 So we're going to move on to the culture segment. 824 00:44:23,440 --> 00:44:27,240 Hey, whoa. Whoa, whoa, where'd you guys go? 825 00:44:27,640 --> 00:44:28,920 What's your thoughts on this bro? 826 00:44:30,480 --> 00:44:34,080 Yeah, I can't remember Go. So we're gonna move on to the 827 00:44:34,120 --> 00:44:37,040 segment. I do want to, I do want to give 828 00:44:37,040 --> 00:44:40,160 a shout out to, of of course, our friends over at Orange 829 00:44:40,160 --> 00:44:43,240 Palap. Guys, this is the Bitcoin social 830 00:44:43,240 --> 00:44:49,280 layer Stack friends who stack stats join the 10,826 Bitcoiners 831 00:44:49,280 --> 00:44:53,200 that are currently on the app. It's a great resource for you to 832 00:44:53,200 --> 00:44:56,560 connect with Bitcoiners if you're currently travelling, if 833 00:44:56,560 --> 00:44:59,280 you're on the move and you don't know any bitcoiners near you, 834 00:44:59,400 --> 00:45:02,400 the Orange Palaf has a really cool geographical feature that 835 00:45:02,400 --> 00:45:06,400 it will show you the bitcoiners that are near you. 836 00:45:06,600 --> 00:45:08,880 Also has a very clever filtration system. 837 00:45:08,880 --> 00:45:13,440 So you only find like minded, fellow minded people that are on 838 00:45:13,440 --> 00:45:16,560 the app and it's one of the best ways to reach me directly. 839 00:45:16,560 --> 00:45:20,280 This is the best way to send me Adm and I take the time to 840 00:45:20,280 --> 00:45:22,360 answer back each and every one of you guys. 841 00:45:22,720 --> 00:45:26,040 So get started download the Orange Pill app today, scan the 842 00:45:26,040 --> 00:45:29,760 QR code or check the link in the video slash podcast description. 843 00:45:29,920 --> 00:45:31,600 All right, everybody, let's hit the culture. 844 00:45:31,600 --> 00:45:36,520 Let's do this. The daily culture I just. 845 00:45:42,000 --> 00:45:44,560 Want to give a shout out to our sponsor Kaboom Racks, the most 846 00:45:44,560 --> 00:45:49,440 trusted place to buy, sell and host mining equipment to get 847 00:45:49,440 --> 00:45:51,200 started. To check out the racks, scan the 848 00:45:51,200 --> 00:45:53,960 QR code on your screen and they'll take you directly to 849 00:45:53,960 --> 00:45:56,280 their Telegram marketplace where you can connect with a member of 850 00:45:56,280 --> 00:45:58,000 their sales team. They make purchasing their 851 00:45:58,000 --> 00:46:01,240 products easy and transparent. You could also sell your mining 852 00:46:01,240 --> 00:46:03,920 equipment with them. Access their vast network of 853 00:46:03,920 --> 00:46:06,720 domestic and international customers when you sell your 854 00:46:06,720 --> 00:46:08,160 mining equipment with Kaboom Racks. 855 00:46:08,440 --> 00:46:10,120 To get started, scan the QR code. 856 00:46:10,120 --> 00:46:11,640 Check the link in the video description. 857 00:46:11,920 --> 00:46:15,120 Also check out their instant hosting special sale that's 858 00:46:15,120 --> 00:46:17,680 going on right now. They're offering instant hosting 859 00:46:17,680 --> 00:46:23,200 for the S19KS19K Pro. You own the minor. 860 00:46:23,200 --> 00:46:24,640 This is not a hash rate contract. 861 00:46:24,640 --> 00:46:27,560 Your hash rate goes online after your payment is confirmed. 862 00:46:27,840 --> 00:46:31,440 To get started, scan the QR code or check the link in the video 863 00:46:31,440 --> 00:46:32,520 description. Opti. 864 00:46:33,800 --> 00:46:37,120 Yeah, let's go. All right, Justin, let me let me 865 00:46:37,120 --> 00:46:38,840 get this going. All right, so you've been on a 866 00:46:38,840 --> 00:46:43,200 crusade recently on Twitter. You, well, I forget what your 867 00:46:43,200 --> 00:46:46,600 official, what you've been doing at Bitcoin mining, senior or 868 00:46:46,600 --> 00:46:49,760 strategic Bitcoin mining. And I know the last couple of 869 00:46:49,760 --> 00:46:52,760 weeks you've been going really hard on solar and wind and 870 00:46:52,760 --> 00:46:57,320 batteries and really emphasizing the use of nuclear power. 871 00:46:57,640 --> 00:46:59,640 So let's just tee you up there, bro. 872 00:46:59,640 --> 00:47:01,840 What's what? What do you want to get off your 873 00:47:01,840 --> 00:47:05,600 chest in regards to solar, wind and green Bitcoin mining? 874 00:47:06,880 --> 00:47:09,600 Yeah, All right. Plebs supporting plebs, guys, 875 00:47:09,960 --> 00:47:16,520 it's important, it's fun, and it's worth your time. 876 00:47:17,440 --> 00:47:21,520 Oh, OK, yeah, so shit coins. And yeah, I've been going at it 877 00:47:23,360 --> 00:47:27,000 two weeks. No, I've been going at it for 17 878 00:47:27,000 --> 00:47:34,640 years and solar, wind and battery are shit coins, just 879 00:47:34,640 --> 00:47:37,640 like Cardano, Ethereum and blah, blah, blah. 880 00:47:38,960 --> 00:47:41,400 And you don't have to take my word for it, you should, but you 881 00:47:41,400 --> 00:47:43,960 don't have to. Take a look around California, 882 00:47:44,080 --> 00:47:48,040 largest state, second largest state in solar capacity. 883 00:47:50,000 --> 00:47:53,280 What's going to happen, guys? They're going to have probably 884 00:47:53,280 --> 00:47:56,360 rolling blackouts or there's going to be a threat of rolling 885 00:47:56,360 --> 00:47:57,800 blackouts. And the governor and the 886 00:47:57,800 --> 00:47:59,960 utilities are going to tell people not to turn on their air 887 00:47:59,960 --> 00:48:02,640 conditioning, not to charge their electric vehicles that 888 00:48:02,640 --> 00:48:06,200 they were told to buy when it's 120° out. 889 00:48:06,200 --> 00:48:08,600 Like just wait, it's going to be one of those two headlines. 890 00:48:08,600 --> 00:48:11,000 Either they don't have the blackouts because people didn't 891 00:48:11,000 --> 00:48:14,920 use their air conditioning or, and they have blackouts. 892 00:48:14,960 --> 00:48:17,040 And then, you know, Texas is number one and they're only 893 00:48:17,040 --> 00:48:22,400 saved because of Bitcoin mining. And they've been building out 894 00:48:22,520 --> 00:48:25,120 some gas too. So the point is, take a look 895 00:48:25,120 --> 00:48:27,320 around. We've been fixated emotionally 896 00:48:27,320 --> 00:48:30,520 on solar. The engineers have not been in 897 00:48:30,520 --> 00:48:32,280 charge. And I'll just wrap it up here. 898 00:48:32,800 --> 00:48:38,160 Energy scarcity, gulag, that's ESG, wind, solar, battery, 899 00:48:38,160 --> 00:48:41,920 create energy scarcity events. When people need energy the 900 00:48:41,920 --> 00:48:46,040 most, that's critical weather events, heat waves or polar 901 00:48:46,040 --> 00:48:50,160 vortexes. There's no capacity from solar, 902 00:48:50,160 --> 00:48:54,080 wind and battery. After 20 years of fixating on 903 00:48:54,080 --> 00:48:56,920 it, we've added zero capacity to the system. 904 00:48:56,960 --> 00:48:58,480 And again, don't take my word for it. 905 00:48:59,000 --> 00:49:01,560 Ask the Bitcoin miners that are trying to plug in. 906 00:49:01,880 --> 00:49:03,680 What do they hear from utilities? 907 00:49:04,240 --> 00:49:07,360 I talked to utility executives. They hear every utility's 908 00:49:07,680 --> 00:49:11,000 capacity constrained. They don't have capacity. 909 00:49:11,000 --> 00:49:13,640 That's why Amazon's going to like Amazon, Facebook, Apple, 910 00:49:13,640 --> 00:49:17,880 Microsoft, Google, hopefully Hulu, all those companies, Fab 911 00:49:17,880 --> 00:49:21,680 7, they're going to be the ones to break us out of this hypnosis 912 00:49:21,680 --> 00:49:23,640 because they're done. They can't. 913 00:49:23,640 --> 00:49:26,560 They want to build data centers. They're going to have to do it, 914 00:49:27,600 --> 00:49:29,240 but there's no capacity. So they're going to have to do 915 00:49:29,240 --> 00:49:31,080 it themselves. And that's great. 916 00:49:31,080 --> 00:49:33,440 That's fine. Good, good. 917 00:49:33,480 --> 00:49:37,360 Because the regulation, the cantillion effect, the bullshit 918 00:49:37,360 --> 00:49:39,720 with solar, wind and battery, it's not. 919 00:49:39,720 --> 00:49:41,720 I don't know if it's going to get broken another way. 920 00:49:41,720 --> 00:49:43,400 That's why I'm here in El Salvador, because I don't have 921 00:49:43,400 --> 00:49:44,520 to deal with that bullshit anymore. 922 00:49:44,520 --> 00:49:49,920 I don't want to live that life of having to fight Elon Musk. 923 00:49:50,040 --> 00:49:52,120 Can I say Elon Musk? You know, I don't have to fight 924 00:49:52,120 --> 00:49:53,720 Elon Musk anymore with this crap. 925 00:49:53,840 --> 00:49:57,320 Solar, wind and battery. We're going to build nuclear, 926 00:49:57,320 --> 00:49:59,840 geothermal, and then we're going to balance the grid with Bitcoin 927 00:49:59,840 --> 00:50:03,240 mining. It's a resource, an electric 928 00:50:04,760 --> 00:50:06,760 resource. It's just the technology. 929 00:50:06,760 --> 00:50:10,640 Bitcoin mining is just like Bitcoin as a monetary system is 930 00:50:10,640 --> 00:50:14,120 a technology. Mining is a piece of It's going 931 00:50:14,120 --> 00:50:15,520 to be a piece of infrastructure on the grid. 932 00:50:16,240 --> 00:50:18,600 OK, And you want to listen to my spaces? 933 00:50:18,600 --> 00:50:21,920 I'll go into it more deeply, but I want to talk about singing 934 00:50:21,920 --> 00:50:23,760 karaoke. I've been doing it every night. 935 00:50:24,160 --> 00:50:26,720 I'm going to be in a band. It's awesome and I'm going to 936 00:50:26,720 --> 00:50:28,840 do. All right, man, it seems like we 937 00:50:28,840 --> 00:50:32,120 lost our guest. But dude, I, I did want to get 938 00:50:32,240 --> 00:50:36,600 to, I did want to get to an article actually to kind of go 939 00:50:36,600 --> 00:50:41,080 to going back to what I was saying during the during the 940 00:50:41,080 --> 00:50:44,800 news segment, which is kind of like this idea of like, I think 941 00:50:44,800 --> 00:50:46,920 a lot of us feel this way. And this is like a constant 942 00:50:46,920 --> 00:50:50,040 theme that I keep hearing, right, which is I'm too late to 943 00:50:50,040 --> 00:50:52,040 Bitcoin. These numbers are absolutely 944 00:50:52,040 --> 00:50:56,960 insane. You know, $65,989, I'm too late. 945 00:50:57,480 --> 00:51:00,440 And I think it's important to just connect the pieces. 946 00:51:00,440 --> 00:51:02,840 And then I have this article to kind of put the cherry on the on 947 00:51:02,840 --> 00:51:07,240 on top. So the first thing is you have 948 00:51:07,240 --> 00:51:10,160 Michael Saylor, his track record of correctly predicting these 949 00:51:10,160 --> 00:51:12,960 things. You have the examples of looking 950 00:51:12,960 --> 00:51:15,800 back to the OG Bitcoiners Opti. I don't know if you saw that one 951 00:51:15,800 --> 00:51:19,720 where it's like this guy that's like, I just it's too expensive 952 00:51:19,720 --> 00:51:22,960 to buy Bitcoin at $1.42. And there was like Dieter Bob 953 00:51:22,960 --> 00:51:24,600 that responded, is this guy alive? 954 00:51:24,600 --> 00:51:26,720 And then the guy's like, I'm alive but dead inside. 955 00:51:27,560 --> 00:51:30,840 So it's important to kind of look back in the past if you 956 00:51:30,840 --> 00:51:34,320 kind of have want an idea of what things are going to be in 957 00:51:34,320 --> 00:51:36,560 the future. So there's this article called 958 00:51:36,880 --> 00:51:41,320 Tom by Tom Hosnik says the game theory behind trillion dollar 959 00:51:41,320 --> 00:51:45,600 bitcoins before 20-30, which I think again is a little is a is 960 00:51:45,600 --> 00:51:48,640 a lot, but I loved his theory. So, he says, every passing 961 00:51:48,640 --> 00:51:51,240 moment contains unaccountable moving parts. 962 00:51:51,240 --> 00:51:55,160 Physical objects interacting with one one another in space, 963 00:51:55,160 --> 00:51:58,640 down to atoms and molecules bumping into one another 964 00:51:58,920 --> 00:52:02,000 influence the weather and landscape of our environment in 965 00:52:02,000 --> 00:52:05,040 complex ways that we've never been able to fully predict and 966 00:52:05,120 --> 00:52:07,560 and with certainty. On top of that, living creatures 967 00:52:07,560 --> 00:52:11,680 like us humans roam the earth, further altering our environment 968 00:52:11,680 --> 00:52:13,360 by acting upon decisions we've made. 969 00:52:13,360 --> 00:52:16,520 These decisions are produced by a brain with billions of neurons 970 00:52:16,840 --> 00:52:20,000 and by preferences of a mind of a mind built with years of 971 00:52:20,000 --> 00:52:22,880 memories and experiences. All this considered, it seems 972 00:52:22,880 --> 00:52:25,000 impossible to predict the future. 973 00:52:25,280 --> 00:52:28,360 Yet in order to live our lives, we must constantly make attempts 974 00:52:28,360 --> 00:52:32,200 to predict the future. We do so oftenly, successfully, 975 00:52:32,200 --> 00:52:34,600 by applying a framework of rules and assumptions. 976 00:52:35,120 --> 00:52:38,120 You predict that if you go to the grocery store, you will be 977 00:52:38,120 --> 00:52:40,040 able to trade for the food you desire. 978 00:52:40,040 --> 00:52:42,800 You predict that if you travel there in a car, it'd be more 979 00:52:42,800 --> 00:52:45,640 efficient than walking. You predict that if you sit in 980 00:52:45,640 --> 00:52:48,600 the driver's seat, you will be able to start your car's motor. 981 00:52:49,040 --> 00:52:51,920 You stop driving at red lights because you predict that there 982 00:52:51,920 --> 00:52:54,960 will there could be severe consequences if you don't, and 983 00:52:54,960 --> 00:52:57,880 because you predict that if you wait long enough, the light will 984 00:52:57,880 --> 00:53:00,920 turn green anyways. The more that a framework can be 985 00:53:00,920 --> 00:53:03,560 restricted by rules and reasonable assumptions, the less 986 00:53:03,560 --> 00:53:06,520 variables will exist with the possibility of surprising you, 987 00:53:06,800 --> 00:53:08,840 and the stronger you can make your predictions. 988 00:53:09,480 --> 00:53:12,800 So it goes on to say if you know you're about to win. 989 00:53:13,800 --> 00:53:16,400 Unless of course, a meteorks is down through the roof and 990 00:53:16,400 --> 00:53:20,320 destroys the dining table and any number of other unlikely 991 00:53:20,320 --> 00:53:23,400 events occur that didn't make sense to account for exchange by 992 00:53:23,400 --> 00:53:26,000 surprise. This is the manner in which I 993 00:53:26,000 --> 00:53:29,880 make the following claim. Quote This decade a trillion 994 00:53:29,880 --> 00:53:31,920 dollars will be unable to buy Bitcoin. 995 00:53:32,000 --> 00:53:34,600 I don't have a crystal ball and I can't predict the future with 996 00:53:34,600 --> 00:53:39,160 100% certainty, but I can make a confident prediction within the 997 00:53:39,160 --> 00:53:41,520 framework. So what are those rules? 998 00:53:41,920 --> 00:53:44,440 Rules of the game. One, humans engage in purposeful 999 00:53:44,440 --> 00:53:47,080 behavior. Choosing means that they believe 1000 00:53:47,080 --> 00:53:51,200 are best employed to satisfy their most preferred ends. 2A. 1001 00:53:51,400 --> 00:53:55,840 Persistently popular end is to save the value of one's 1002 00:53:55,840 --> 00:53:59,360 production for future purposes. Three, people who want to save 1003 00:53:59,360 --> 00:54:02,880 value for future purposes will choose means that they believe 1004 00:54:02,880 --> 00:54:06,680 are best employed to do this. Four bitcoins properties make it 1005 00:54:06,680 --> 00:54:09,960 the most useful means of saving value for future purposes. 1006 00:54:10,440 --> 00:54:14,040 Five people who want to save value for future purposes will 1007 00:54:14,040 --> 00:54:17,880 increasingly choose Bitcoin. It goes on to say, who's 1008 00:54:17,880 --> 00:54:20,280 interested in saving value for future purposes? 1009 00:54:20,280 --> 00:54:23,280 The answer is nearly all individuals and all groups. 1010 00:54:23,280 --> 00:54:26,320 Basically everyone. Because of Bitcoin supply of 21 1011 00:54:26,320 --> 00:54:29,640 million coins, everyone will end up competing with one another 1012 00:54:29,640 --> 00:54:33,640 for a portion of the scarcest savings tool in existence. 1013 00:54:34,040 --> 00:54:36,960 It goes on to say names out. What are those players, the 1014 00:54:36,960 --> 00:54:40,840 individual adopters, the individual deniers, the 1015 00:54:40,840 --> 00:54:43,880 individual ignorers, and the companies and NGOs? 1016 00:54:43,880 --> 00:54:48,280 And they're all competing A game of musical, musical chairs, 1017 00:54:48,280 --> 00:54:52,200 sovereign states, states without a national currency. 1018 00:54:52,320 --> 00:54:54,800 Now that we've discussed the covered, the game structure, the 1019 00:54:54,800 --> 00:54:57,600 players, and some potential strategies, let's discuss the 1020 00:54:57,600 --> 00:54:59,560 manner in which I expect it to end. 1021 00:54:59,920 --> 00:55:03,720 Will it be a gradual process of people casually taking seats in 1022 00:55:03,720 --> 00:55:06,760 the circle of Bitcoin chairs? Will the music slowly get 1023 00:55:06,760 --> 00:55:10,480 quieter over the course of years or even decades, allowing for 1024 00:55:10,480 --> 00:55:12,720 older generations who don't understand Bitcoin to be 1025 00:55:12,720 --> 00:55:14,920 replaced by younger generations who grew up in it? 1026 00:55:15,360 --> 00:55:19,080 Let's call this theory A. Or will it end with sheer panic? 1027 00:55:19,120 --> 00:55:22,840 The music suddenly stops, reality setting in and everyone 1028 00:55:22,840 --> 00:55:26,840 is sent scrambling, rushing and tripping over each other to put 1029 00:55:26,840 --> 00:55:29,760 ass to chair. This shall be theory B. 1030 00:55:30,240 --> 00:55:32,840 However, I believe theory A is is flawed. 1031 00:55:32,880 --> 00:55:35,600 Theory B prevailed. The mistake being made by 1032 00:55:35,600 --> 00:55:38,800 proponents of theory A is that they are failing to assign the 1033 00:55:38,800 --> 00:55:41,320 correct level of importance to the different player game. 1034 00:55:41,320 --> 00:55:45,080 Player game groups, specifically the individual ignores and 1035 00:55:45,080 --> 00:55:48,320 individual deniers, are basically irrelevant to the game 1036 00:55:48,480 --> 00:55:51,520 when compared to the sovereign states if the head of state in 1037 00:55:51,520 --> 00:55:55,040 Washington, Beijing Moscow, began to aggressively seat 1038 00:55:55,040 --> 00:55:56,960 themselves among the remaining chairs. 1039 00:55:57,240 --> 00:56:00,720 Bitcoin isn't going to wait for you to catch up, nor your 1040 00:56:00,720 --> 00:56:04,120 grandma, nor the charming old fellow a few doors down who 1041 00:56:04,120 --> 00:56:07,760 calls you for help to with operating his television. 1042 00:56:08,920 --> 00:56:11,840 Therefore, I believe the music stops as soon as a 1043 00:56:11,840 --> 00:56:15,000 geographically politically significant state begins 1044 00:56:15,000 --> 00:56:18,400 deploying such tactics. The impetus could be as simple 1045 00:56:18,400 --> 00:56:21,600 as a major oil producer demanding Bitcoin as payment for 1046 00:56:21,600 --> 00:56:25,360 access to its petroleum reserves rather than Fiat currencies hot 1047 00:56:25,360 --> 00:56:28,160 off the printing press. A fair trade, after all. 1048 00:56:28,160 --> 00:56:30,640 Scarcity for scarcity. The veil will be lifted, the 1049 00:56:30,640 --> 00:56:34,440 charade concluded, and that which has been seen cannot be 1050 00:56:34,440 --> 00:56:36,760 unseen. Quote No one wants your pieces 1051 00:56:36,760 --> 00:56:38,560 of paper. Sorry, The only rational 1052 00:56:38,560 --> 00:56:40,640 response. Oh crap, I don't have enough 1053 00:56:40,640 --> 00:56:42,920 Bitcoin. The ensuring chaos could be 1054 00:56:42,920 --> 00:56:45,200 frightening, perhaps amusing in retrospect. 1055 00:56:45,480 --> 00:56:48,080 The weakest Fiat currencies will be the first to fall at the 1056 00:56:48,080 --> 00:56:51,480 hands of magic Internet money, followed quickly by the stronger 1057 00:56:51,480 --> 00:56:55,800 Fiat currencies of governments assumed by nearly impotent 1058 00:56:56,200 --> 00:56:59,120 omnipotent. It's important to remember that 1059 00:56:59,120 --> 00:57:02,600 none of this is Bitcoins fault. Bitcoin itself won't be the root 1060 00:57:02,600 --> 00:57:04,800 cause of the chaos, it is merely it. 1061 00:57:04,800 --> 00:57:07,240 It will merely be exposing the root cause. 1062 00:57:07,240 --> 00:57:10,160 The underlying problem is that society has been scrapped, has 1063 00:57:10,160 --> 00:57:13,760 been scammed by decades by states issuing bad money. 1064 00:57:14,040 --> 00:57:16,800 Meanwhile, the situation surrounding Fiat currencies has 1065 00:57:16,800 --> 00:57:19,680 only grown more precarious. The US dollar, representing the 1066 00:57:19,680 --> 00:57:23,160 strong of Fiat currencies, has seen its M2 money supply double 1067 00:57:23,920 --> 00:57:26,480 in line with no one's expectations other than the 1068 00:57:26,480 --> 00:57:29,600 bankers who control it. US Federal Reserve has tripled. 1069 00:57:29,640 --> 00:57:32,000 The federal deficit has more than quadrupled. 1070 00:57:32,160 --> 00:57:35,200 It's not a fair fight, and the results reflected the value of 1071 00:57:35,200 --> 00:57:39,760 Bitcoin has surged 7500% as measured by the value of the 1072 00:57:39,760 --> 00:57:41,960 dollar. With each passing moment, the 1073 00:57:41,960 --> 00:57:44,560 likelihood of the music stopping increases. 1074 00:57:44,640 --> 00:57:47,280 While some Bitcoin advocates throw out predictions like 1075 00:57:47,280 --> 00:57:51,760 10/15/20 plus more years until Bitcoin is the dominant means of 1076 00:57:51,760 --> 00:57:55,040 savings value in the world, I find such suggestions nearly 1077 00:57:55,040 --> 00:57:57,440 inconceivable. I wouldn't be surprised if the 1078 00:57:57,440 --> 00:58:00,880 music stops this year, this month, this week, tomorrow, 1079 00:58:00,880 --> 00:58:03,160 today. I find myself sharing the music 1080 00:58:03,160 --> 00:58:08,760 concern of Cowits or Kraftwits. None of the big, none of my 1081 00:58:08,880 --> 00:58:12,240 fears in writing about Bitcoin is that my predictions will come 1082 00:58:12,240 --> 00:58:15,760 true before I could pub them. It seems that we're only one 1083 00:58:15,760 --> 00:58:19,160 small catalyst away from the world tumbling into a Bitcoin 1084 00:58:19,160 --> 00:58:21,440 standard. I find it difficult to imagine 1085 00:58:21,440 --> 00:58:24,120 it failing to occur before the end of the decade. 1086 00:58:24,480 --> 00:58:28,400 There are a number of theories from which we why which we saw 1087 00:58:28,600 --> 00:58:30,600 poor performance, which I don't get into it. 1088 00:58:30,600 --> 00:58:33,440 And of course, he's referencing the last last pull cycle. 1089 00:58:34,320 --> 00:58:37,680 If we use this historically bad result as a conservative 1090 00:58:37,680 --> 00:58:41,040 baseline for the next adoption fever, we would be looking at a 1091 00:58:41,040 --> 00:58:44,720 $300,000 Bitcoin and a total market cap of something like 7 1092 00:58:44,720 --> 00:58:47,880 trillion, more than the double, more than double the value of 1093 00:58:47,880 --> 00:58:51,240 Apple Microsoft. The point is, as Bitcoin grows, 1094 00:58:51,440 --> 00:58:54,640 it becomes harder to ignore, and the company, States and other 1095 00:58:54,640 --> 00:58:57,640 institutions that have haven't yet acknowledged the game will 1096 00:58:57,640 --> 00:59:00,360 be forced to do so. Some of these wealthy players 1097 00:59:00,360 --> 00:59:03,160 will panic and start taking their seats just in case. 1098 00:59:03,480 --> 00:59:06,800 If things don't spiral out of control in the next wave of 1099 00:59:06,800 --> 00:59:09,960 adoption, it's likely that we will see at least one more wave 1100 00:59:09,960 --> 00:59:12,960 this decade. Whether whether due to the 2028 1101 00:59:12,960 --> 00:59:17,080 having a secondary adoption fever of 20X would show us a 1102 00:59:17,120 --> 00:59:19,520 price tag of millions of dollars per Bitcoin. 1103 00:59:19,520 --> 00:59:21,800 Obviously the game would be over by then. 1104 00:59:21,880 --> 00:59:24,520 There is no rational scenario where the price of Bitcoin 1105 00:59:24,520 --> 00:59:27,400 casually hangs out at a 7 several $1,000,000. 1106 00:59:27,720 --> 00:59:30,120 The world will have caught on to the rules of the game at that 1107 00:59:30,120 --> 00:59:32,080 point. And when the price of Bitcoin 1108 00:59:32,080 --> 00:59:35,480 hits such all striking numbers, it would only be because it's 1109 00:59:35,480 --> 00:59:39,320 temporarily passing through them on its one way ticket to 1110 00:59:39,320 --> 00:59:41,800 Infinity. I mean dude, this article is 1111 00:59:41,800 --> 00:59:45,960 absolutely amazing. It talks about the, the, the 1112 00:59:45,960 --> 00:59:48,800 musical chairs that is Bitcoin. I think that's something that 1113 00:59:48,800 --> 00:59:50,720 people forget to understand, right? 1114 00:59:50,720 --> 00:59:53,200 There's it's Infinity divided by 21 million. 1115 00:59:53,400 --> 00:59:56,560 It's just a matter of time before people, people wake up to 1116 00:59:56,560 --> 01:00:01,880 the reality of Fiat is a scam holding Fiat, holding bonds. 1117 01:00:02,160 --> 01:00:05,480 It's a total scam. And I think it's just a matter 1118 01:00:05,480 --> 01:00:10,400 of time before larger institutions, more nation states 1119 01:00:10,520 --> 01:00:13,400 wake up to this reality. And again, it's a it causes a 1120 01:00:13,400 --> 01:00:16,600 domino effect. And the game theory is in place 1121 01:00:16,600 --> 01:00:18,280 and you're already starting to see that. 1122 01:00:18,280 --> 01:00:20,240 And I'll give you a couple of examples, guys. 1123 01:00:20,480 --> 01:00:25,520 So first, you have Donald Trump making making this part of his 1124 01:00:25,520 --> 01:00:27,360 campaign slogan over the weekend. 1125 01:00:27,360 --> 01:00:28,840 We'll get it to, we'll get to it. 1126 01:00:29,240 --> 01:00:32,680 During tomorrow's episode, you had President Biden and the 1127 01:00:32,680 --> 01:00:36,320 Biden administration trying to change tune and basically 1128 01:00:36,320 --> 01:00:40,600 signaling that, hey, they wanted to be part of the discussions as 1129 01:00:40,600 --> 01:00:43,560 it relates to Bitcoin, right? This is the game theory taking 1130 01:00:43,560 --> 01:00:46,840 place. You had a China do a 180 and 1131 01:00:46,840 --> 01:00:49,720 basically say, you know what, the US has an ETF. 1132 01:00:49,840 --> 01:00:53,920 We're going to use Hong Kong in order for us to launch an ETF. 1133 01:00:54,280 --> 01:00:58,360 You have the the so-called hash wars, the the thing that Max 1134 01:00:58,360 --> 01:01:00,920 Kaiser termed, right, which is you're going to have nation 1135 01:01:00,920 --> 01:01:03,000 states competing for the hash rate. 1136 01:01:03,240 --> 01:01:05,880 You had Donald Trump making it part of his campaign process. 1137 01:01:05,880 --> 01:01:08,160 And we want all the Bitcoin to be mined in the US. 1138 01:01:08,440 --> 01:01:11,160 You have the Kingdom of Bhutan, you have El Salvador, you have 1139 01:01:11,160 --> 01:01:13,240 Paraguay. You have all these states all 1140 01:01:13,240 --> 01:01:16,680 over the world saying we want to mine Bitcoin, right? 1141 01:01:17,360 --> 01:01:19,920 And then of course, you had another publicly traded company, 1142 01:01:19,920 --> 01:01:22,440 Selmer might Scientific following in the footsteps of 1143 01:01:22,440 --> 01:01:25,240 Michael Saylor realizing holy crap, that infinite money 1144 01:01:25,240 --> 01:01:29,120 glitch. We can use that in order to pump 1145 01:01:29,120 --> 01:01:32,120 our stock. We have Michael Saylor proving 1146 01:01:32,120 --> 01:01:36,000 that his Bitcoin strategy completely destroys everything 1147 01:01:36,000 --> 01:01:38,200 else, right? You have El Salvador making 1148 01:01:38,200 --> 01:01:41,680 Bitcoin legal tender. So my question to you is, what 1149 01:01:41,680 --> 01:01:43,960 do you think is going to happen? And I think that's essentially 1150 01:01:43,960 --> 01:01:46,200 what this article is making the case for, right? 1151 01:01:46,200 --> 01:01:48,160 You need one catalyst. What do you think is going to 1152 01:01:48,160 --> 01:01:52,200 happen if Apple or Facebook or one of these big tech companies 1153 01:01:52,200 --> 01:01:56,440 say, you know what, let's put some of our money into Bitcoin. 1154 01:01:56,880 --> 01:01:59,400 Now all of a sudden they have a competitive advantage versus 1155 01:01:59,400 --> 01:02:01,760 everyone else. And like that article pointed 1156 01:02:01,760 --> 01:02:04,440 out, it's a game of musical chairs because there's only 21 1157 01:02:04,440 --> 01:02:06,680 million Bitcoin and you can't inflate the supply. 1158 01:02:07,120 --> 01:02:11,160 So it creates the situation where there's not enough Bitcoin 1159 01:02:11,160 --> 01:02:14,000 to go around. And we've had multiple days over 1160 01:02:14,000 --> 01:02:17,280 the last couple of months where the amount of Bitcoin being 1161 01:02:17,280 --> 01:02:22,560 bought by the ETFs is like three or four times higher than the 1162 01:02:22,560 --> 01:02:24,880 amount of Bitcoin being produced on a daily basis. 1163 01:02:25,400 --> 01:02:30,040 So you're creating a perfect storm of supply shock, a perfect 1164 01:02:30,040 --> 01:02:33,000 situation where there will be a supply shock. 1165 01:02:33,280 --> 01:02:35,280 And what the fuck do you think is going to happen, man? 1166 01:02:35,640 --> 01:02:38,680 So I do, I spent so much time thinking about this over the 1167 01:02:38,680 --> 01:02:42,400 weekend, Opti, and it just made me so incredibly bullish because 1168 01:02:42,400 --> 01:02:45,640 I think it's so obvious, man. Like this is so obvious. 1169 01:02:45,640 --> 01:02:48,680 It's just a matter of like people kind of waking up and 1170 01:02:48,680 --> 01:02:51,720 realizing this, you know? Yeah, I mean 100%. 1171 01:02:51,720 --> 01:02:56,080 Look, I think what is most important to talk about is 8 1172 01:02:56,080 --> 01:02:58,880 billion people on planet Earth all have the same problem. 1173 01:02:58,880 --> 01:03:01,160 We have nothing to save our money in and all the quote UN 1174 01:03:01,160 --> 01:03:05,080 quote, you know, risk free assets, risk free investment 1175 01:03:05,080 --> 01:03:08,440 aren't as risk free as people would lead you on to believe. 1176 01:03:08,640 --> 01:03:12,160 Hence why we always say it is a gang game of hungry hippo. 1177 01:03:12,160 --> 01:03:14,640 You want to accumulate as much Bitcoin as possible because you 1178 01:03:14,640 --> 01:03:16,080 understand what's going on in the world. 1179 01:03:16,440 --> 01:03:19,240 If you understand that the money is broken, then there's no going 1180 01:03:19,240 --> 01:03:21,800 back to the Fiat system. And it kind of really goes back 1181 01:03:21,800 --> 01:03:25,440 to the very beginning of the show where we were talking, 1182 01:03:25,520 --> 01:03:28,960 talking about Thomas Massey listening to Bitcoin standard 1183 01:03:28,960 --> 01:03:32,480 and finally waking up to the problem of what is going on with 1184 01:03:32,480 --> 01:03:34,840 the money, what is actually happening in the world. 1185 01:03:34,840 --> 01:03:38,120 And once you realize that the money is broken, then you 1186 01:03:38,120 --> 01:03:42,600 understand that the game maybe is not just rigged against you, 1187 01:03:42,600 --> 01:03:45,840 but is just fundamentally broken at its core. 1188 01:03:46,000 --> 01:03:47,560 And maybe we need to play a new game. 1189 01:03:47,560 --> 01:03:50,600 Hence why you want to stack as much Bitcoin as possible. 1190 01:03:50,800 --> 01:03:52,560 You want to understand what's going on. 1191 01:03:52,560 --> 01:03:56,800 Explain to people that, hey, it might not be a ticking time or 1192 01:03:56,800 --> 01:04:00,080 it's a ticking time bomb that might not blow up tomorrow, but 1193 01:04:00,080 --> 01:04:03,080 it at some point there will be a transition. 1194 01:04:03,080 --> 01:04:05,680 There will be another financial crisis and you want to protect 1195 01:04:05,680 --> 01:04:08,040 yourself. You are on the Titanic right now 1196 01:04:08,200 --> 01:04:10,880 and Bitcoin is that escape. It is the safety belt. 1197 01:04:11,120 --> 01:04:14,120 And This is why we show up and do what we do so that we can 1198 01:04:14,120 --> 01:04:17,160 explain this to as many people as possible because we all have 1199 01:04:17,160 --> 01:04:19,800 the same problem. Our money is broken and you need 1200 01:04:19,800 --> 01:04:21,760 to find something to protect yourself with. 1201 01:04:21,960 --> 01:04:25,640 And of course, that is Bitcoin. Absolutely Amen to that. 1202 01:04:25,640 --> 01:04:29,960 All right everybody, that was the June 17th 2024 show. 1203 01:04:29,960 --> 01:04:34,400 Hopefully we can get our guest on just in a in a less shaky 1204 01:04:34,400 --> 01:04:36,000 environment with better connection. 1205 01:04:36,280 --> 01:04:38,880 But anyways, guys, if you enjoyed the show, you know what 1206 01:04:38,880 --> 01:04:41,440 to do Smash the like button. Consider subscribing if you feel 1207 01:04:41,440 --> 01:04:44,520 like we provided you value. We'll be back tomorrow for the 1208 01:04:44,520 --> 01:04:46,480 Tuesday show of simply Bitcoin live. 1209 01:04:46,480 --> 01:04:48,720 I'm your host Nico. It's my legendary Co host 1210 01:04:48,720 --> 01:04:50,920 Optimus Fields. We're simply Bitcoin live, and 1211 01:04:50,920 --> 01:04:53,640 we'll be back tomorrow. Also, stay tuned for Ruston's 1212 01:04:53,680 --> 01:04:56,240 originals dropping in hot. All right everybody, love you 1213 01:04:56,240 --> 01:04:57,440 all. See you on the next one. 1214 01:04:59,440 --> 01:05:03,360 Episode was brought to you by bitcoinwell.com on a mission to 1215 01:05:03,360 --> 01:05:04,640 enable independence.