1 00:00:00,440 --> 00:00:03,240 Yeah, welcome to another episode of Simply Bitcoin, live 2 00:00:03,240 --> 00:00:08,000 streaming from the beautiful, beautiful freedom country of El 3 00:00:08,000 --> 00:00:09,720 Salvador. Today we're going to make the 4 00:00:09,720 --> 00:00:18,080 case as to why $850,000 Bitcoin is inevitable, Why Bitcoin 5 00:00:18,080 --> 00:00:23,040 yesterday finally overtook the market cap of silver. 6 00:00:23,240 --> 00:00:29,120 Silver had a 4000 year head start and within only 16 years 7 00:00:29,360 --> 00:00:31,640 Bitcoin overtook silver. Why? 8 00:00:31,800 --> 00:00:37,280 Because Bitcoin is the superior asset and it shows no signs of 9 00:00:37,280 --> 00:00:42,000 slowing down whatsoever. I think if this thing reaches 10 00:00:42,000 --> 00:00:45,840 100K by the end of the year, I think we're going to we're going 11 00:00:45,840 --> 00:00:50,240 to blast by 200K next year. I think a lot of people still 12 00:00:50,240 --> 00:00:54,920 have PTSD from the 2021 bull market that I think was cut 13 00:00:54,920 --> 00:00:57,040 short due to the China mining ban. 14 00:00:57,240 --> 00:00:59,160 I don't think there's going to be a mining ban this year. 15 00:00:59,160 --> 00:01:02,280 In fact, you have, you know, Trump who's super pro Bitcoin 16 00:01:02,280 --> 00:01:04,200 mining. You have the governor of Texas 17 00:01:04,200 --> 00:01:08,200 saying he wants to make Texas the Bitcoin mining capital of 18 00:01:08,200 --> 00:01:10,520 the world. Could this be potentially the 19 00:01:10,520 --> 00:01:13,120 start of the Bitcoin super cycle? 20 00:01:13,280 --> 00:01:17,680 We don't know, but everyone's excited or on the verge of the 21 00:01:17,920 --> 00:01:21,880 bull market year of 2025. Things are getting excited. 22 00:01:22,120 --> 00:01:23,960 Guys are going to want to stay till the end of the show. 23 00:01:23,960 --> 00:01:27,040 We have so much news to unpack today. 24 00:01:27,240 --> 00:01:31,740 I'm here with my legendary Co host Optimist field in the Co 25 00:01:31,740 --> 00:01:34,680 host seat streaming again live from El Salvador. 26 00:01:34,680 --> 00:01:37,320 The beautiful volcano in the backgrounds. 27 00:01:37,520 --> 00:01:41,200 Guys, you have no idea how difficult it was to get this 28 00:01:41,200 --> 00:01:44,160 rolling from a technical perspective just because and 29 00:01:44,160 --> 00:01:46,640 we're backlit from the sun, we're competing against the sun 30 00:01:46,640 --> 00:01:48,960 with the lights. But Opti, I mean, yesterday's 31 00:01:48,960 --> 00:01:53,000 show was so much fun, breaking all time highs in the show. 32 00:01:53,000 --> 00:01:56,880 We reached 89 K. We almost touched 90K yesterday. 33 00:01:56,880 --> 00:01:59,120 It was absolutely freaking crazy. 34 00:01:59,240 --> 00:02:01,760 How you doing my friend? Well, I am doing wonderful. 35 00:02:01,760 --> 00:02:05,000 I have yet to eat a pupusa, so you know, that's the only thing 36 00:02:05,000 --> 00:02:07,160 on my bucket list so far. But man, yesterday. 37 00:02:07,200 --> 00:02:11,600 That is unacceptable bro. Yesterday we were all like in 38 00:02:11,600 --> 00:02:13,880 disbelief. We, we even us have been around 39 00:02:13,880 --> 00:02:16,120 a Bitcoin for so long. We're in disbelief just seeing 40 00:02:16,120 --> 00:02:19,520 the price of Bitcoin consistently rise like the show. 41 00:02:19,520 --> 00:02:22,240 I think that by the time the show ended, it was like 84 K or 42 00:02:22,240 --> 00:02:25,600 something like an hour later it's like 85 and all day we were 43 00:02:25,600 --> 00:02:27,960 just sitting here like it's 86 like are you kidding? 44 00:02:27,960 --> 00:02:32,040 Wait 87 what 8889 like what is going on here? 45 00:02:32,280 --> 00:02:35,520 We are still in disbelief and I, I think we're still a little 46 00:02:35,520 --> 00:02:38,880 dead inside until 100K. But hey, you know, the the price 47 00:02:38,880 --> 00:02:41,240 is going to start running. Actually, we got some funny 48 00:02:41,240 --> 00:02:44,200 tweets or comments from one of our boys over here. 49 00:02:44,200 --> 00:02:46,640 It's like, yeah, my friend was like, hey, I'm not buying 90K 50 00:02:46,640 --> 00:02:48,000 Bitcoin. I'm going to wait for a dip. 51 00:02:48,000 --> 00:02:50,480 And we're like, this is the dip. It's at 5:00 today. 52 00:02:50,480 --> 00:02:52,200 This is probably the best dip you're going to get. 53 00:02:52,200 --> 00:02:55,320 So it's happening, guys. It feels good. 54 00:02:55,320 --> 00:02:57,320 You know, Ron Paul, me, it's happening. 55 00:02:57,720 --> 00:03:00,120 It's going to be an incredible end of the I think 100K is in 56 00:03:00,120 --> 00:03:02,160 play by 2024. Who knows? 57 00:03:02,200 --> 00:03:03,160 I don't know, man. What? 58 00:03:03,160 --> 00:03:05,600 What do I know? I, I, I think so I, I'm, I'm, 59 00:03:05,600 --> 00:03:08,040 I'm making the call, you know, and, and this kind of caught 60 00:03:08,040 --> 00:03:10,280 everyone off by like off guard, right? 61 00:03:10,280 --> 00:03:15,000 The fact that we ran up the way we did at the speed of which we 62 00:03:15,000 --> 00:03:17,640 did, I think it caught a lot of people off guard. 63 00:03:17,640 --> 00:03:23,080 So I, I really believe that by the end of of the end of this 64 00:03:23,080 --> 00:03:26,400 year, I think we're going to have a great performance buy 65 00:03:26,400 --> 00:03:28,400 Bitcoin. But anyways, let's get straight 66 00:03:28,400 --> 00:03:30,080 into the news ladies and gentlemen. 67 00:03:30,080 --> 00:03:36,360 So First off with this Bitcoin yesterday in its historic run up 68 00:03:36,600 --> 00:03:39,200 guys, we almost had a 10K God candle. 69 00:03:39,200 --> 00:03:41,400 Do you understand how nuts that is? 70 00:03:41,400 --> 00:03:45,560 Look, it was only like 5 years ago or like 7:00 to 6:00 6-7 71 00:03:45,560 --> 00:03:50,040 years ago where the all time high of Bitcoin was 10K itself 72 00:03:50,240 --> 00:03:52,040 and it took like a decade to get there. 73 00:03:52,200 --> 00:03:57,240 The fact that we had that type of price movement and one day is 74 00:03:57,240 --> 00:04:00,720 historical. So we were 1K away from the 75 00:04:00,720 --> 00:04:04,000 coveted God candle. We were at $9000. 76 00:04:04,160 --> 00:04:08,000 And I actually made a prediction about a week ago, a week ago or 77 00:04:08,000 --> 00:04:10,200 so. And I said that, listen, I think 78 00:04:10,200 --> 00:04:14,360 that this is inevitable that we are going to have some type of 79 00:04:14,360 --> 00:04:18,480 God candle in this bull run. We've had a what? 80 00:04:18,480 --> 00:04:20,279 What's it? What's the opposite of a God 81 00:04:20,279 --> 00:04:23,160 candle? I have no clue. 82 00:04:23,160 --> 00:04:28,000 I don't think we have a name A. Hell Candle a a, a demon candle. 83 00:04:28,000 --> 00:04:31,120 So we've had a, we've had a demon candle already this year 84 00:04:31,120 --> 00:04:35,240 when we had that crazy dump, but we haven't had a God candle yet 85 00:04:35,560 --> 00:04:38,520 and we are 1K away from that God candle anyways. 86 00:04:38,720 --> 00:04:42,360 Historic, historic times. So yesterday, as you can see, 87 00:04:42,360 --> 00:04:47,720 ladies and gentlemen, Bitcoin overtook the market cap of 88 00:04:47,800 --> 00:04:52,280 silver. Silver had a 4000 year head 89 00:04:52,280 --> 00:04:54,920 start. Now here's the very, very 90 00:04:54,920 --> 00:04:57,520 exciting part. I actually got the math wrong in 91 00:04:57,520 --> 00:04:59,400 this tweet. It's actually even more bullish 92 00:04:59,400 --> 00:05:06,000 than this once Bitcoin reaches the next precious metal, which I 93 00:05:06,000 --> 00:05:09,760 think is inevitable because Bitcoin is a superior asset. 94 00:05:10,320 --> 00:05:14,240 Gold has inflation, believe it or not, Gold also doesn't have 95 00:05:14,240 --> 00:05:18,040 absolute scarcity. Gold is also limited by its 96 00:05:18,040 --> 00:05:21,200 physical characteristics, meaning it's actually pretty 97 00:05:21,200 --> 00:05:25,840 difficult to to transport. It's pretty difficult to store, 98 00:05:25,840 --> 00:05:29,040 especially in large quantities. This is something that Bitcoin 99 00:05:29,040 --> 00:05:32,520 fixes. You can write down a 12 to 24 100 00:05:32,520 --> 00:05:35,280 word seed phrase you can memorize in your head. 101 00:05:35,400 --> 00:05:40,120 You can stamp it into titanium and you could take that anywhere 102 00:05:40,120 --> 00:05:42,560 around the world. You can send that Bitcoin 103 00:05:42,560 --> 00:05:45,560 anywhere around the world for pennies on the dollar. 104 00:05:45,560 --> 00:05:48,440 I'm talking about like I've seen billion dollar Bitcoin 105 00:05:48,440 --> 00:05:51,680 transactions and they pay like a dollar fee. 106 00:05:52,200 --> 00:05:54,680 Try doing the same with gold. You're going to have to pay for 107 00:05:54,680 --> 00:05:59,040 security, the transportation costs like it's going to be 108 00:05:59,040 --> 00:06:01,640 expensive. And that allows the 109 00:06:01,640 --> 00:06:05,840 centralization of the custody of gold, which inevitably leads to 110 00:06:05,840 --> 00:06:08,440 these paper gains, right? Which a lot of people 111 00:06:08,440 --> 00:06:13,160 hypothesize is the reason as to why, you know, the price of gold 112 00:06:13,280 --> 00:06:15,280 has been suppressed. You can make a case for that. 113 00:06:15,440 --> 00:06:19,160 That isn't the case with Bitcoin because it's so easy to take 114 00:06:19,160 --> 00:06:22,520 self custody of it. It's so easy to send it. 115 00:06:22,680 --> 00:06:27,040 That's the reason that as to why I believe Bitcoin has overtaken 116 00:06:27,160 --> 00:06:30,640 the market cap of silver and why it's inevitable that it 117 00:06:30,640 --> 00:06:33,160 overtakes the market cap of gold. 118 00:06:33,280 --> 00:06:37,320 Now, I redid the math. Once Bitcoin overtakes the 119 00:06:37,320 --> 00:06:40,880 market cap of gold, which is roughly about a 10X from here. 120 00:06:41,160 --> 00:06:44,720 Bitcoin's current market cap is roughly at 1.7 trillion. 121 00:06:45,280 --> 00:06:48,920 It the market cap of gold is roughly 17 trillion last time I 122 00:06:48,920 --> 00:06:50,960 checked. That's roughly a 10X. 123 00:06:51,160 --> 00:06:57,680 That would put the price of Bitcoin at roughly $860,000 per 124 00:06:57,680 --> 00:06:58,640 coin. That's I. 125 00:06:58,640 --> 00:07:01,400 I think it's inevitable. I think you don't stop this 126 00:07:01,400 --> 00:07:03,760 train. Silver had a 4000 year head 127 00:07:03,760 --> 00:07:06,320 start. Bitcoin did it in 16 years. 128 00:07:06,600 --> 00:07:08,120 I'm not the only one that did this. 129 00:07:08,440 --> 00:07:10,360 You guys are a big fan of British Huddle. 130 00:07:10,400 --> 00:07:15,200 Makes great content on YouTube. Also great content on X's on X 131 00:07:15,280 --> 00:07:17,080 as well and also a friend of the show. 132 00:07:17,080 --> 00:07:18,880 Hopefully we bring them back on soon. 133 00:07:19,040 --> 00:07:22,280 He says goodbye silver, Bitcoin is worth more. 134 00:07:22,440 --> 00:07:25,760 Next is gold. Then here's the key ladies and 135 00:07:25,760 --> 00:07:28,240 gentlemen. This is where things get super 136 00:07:28,320 --> 00:07:32,640 effing exciting. Next is gold, then all eyes on 137 00:07:32,640 --> 00:07:36,600 the real prize, real estate. Now why does he say that? 138 00:07:37,080 --> 00:07:41,440 He says that because real estate has been being used, has been 139 00:07:41,440 --> 00:07:47,720 used as a store of value, why people are trying to escape the 140 00:07:47,720 --> 00:07:51,960 ravages of inflation, especially if you are a high net worth 141 00:07:51,960 --> 00:07:54,160 individual. Let's say your net worth, you 142 00:07:54,160 --> 00:07:56,040 know, is in the couple millions of dollars. 143 00:07:56,280 --> 00:07:59,720 If you leave that money in the bank, it's like a melting ice 144 00:07:59,720 --> 00:08:02,240 cube cube. It's constantly losing 145 00:08:02,240 --> 00:08:06,160 purchasing power. So here is where real estate 146 00:08:06,160 --> 00:08:10,960 comes in and real estate, it's not that real estate is, you 147 00:08:10,960 --> 00:08:13,120 know it. It's not that real estate 148 00:08:13,120 --> 00:08:15,640 doubled when they printed all that money. 149 00:08:15,880 --> 00:08:21,080 All that happened was that it kept up with the money printing, 150 00:08:21,240 --> 00:08:24,040 right? So people perceive real estate 151 00:08:24,240 --> 00:08:28,640 as this store of value. And you know how fucked up that 152 00:08:28,640 --> 00:08:32,640 is, especially if you're a Gen. ZR or you're a millennial and 153 00:08:32,640 --> 00:08:34,520 you're in the market for a new home. 154 00:08:34,799 --> 00:08:40,080 Homes have a monetary premium because people are using homes 155 00:08:40,240 --> 00:08:46,640 as a store of value rather than its basic utility, which is just 156 00:08:46,640 --> 00:08:51,080 being a home to live in. You shouldn't have to be forced 157 00:08:51,160 --> 00:08:54,640 to invest just to maintain your purchasing power. 158 00:08:54,920 --> 00:08:59,120 And the fact that we've been psyopped as a society to think 159 00:08:59,280 --> 00:09:03,080 that a home, which is really should be a depreciating asset 160 00:09:03,160 --> 00:09:06,720 because there's maintenance, there's property tax, people are 161 00:09:06,720 --> 00:09:11,640 looking that as a store of value is a testament to how fucked up 162 00:09:11,800 --> 00:09:15,800 our financial system is. But the good news news is that, 163 00:09:15,880 --> 00:09:20,400 like a lot of things, Bitcoin fixes this Anyways, I found this 164 00:09:20,400 --> 00:09:23,280 article that I think is very applicable to today's episode 165 00:09:23,720 --> 00:09:27,280 and it goes on to explain how real estate became so valuable. 166 00:09:27,400 --> 00:09:31,760 Historically, money, particularly in forms forms tied 167 00:09:31,760 --> 00:09:35,800 to gold or other stable assets, served as the primary store of 168 00:09:35,800 --> 00:09:38,400 value, maintaining purchasing power. 169 00:09:38,560 --> 00:09:41,680 Over time, however, when the global financial system 170 00:09:41,680 --> 00:09:47,200 underwent a profound change and you guys know 1971, what the F 171 00:09:47,200 --> 00:09:52,000 happened in 1971, this shift to Fiat currencies, which are not 172 00:09:52,000 --> 00:09:55,760 backed by stablecoins allowed for an unprecedented expansion 173 00:09:55,760 --> 00:09:59,280 of the monetary base. The Nixon shock, the pitiful 174 00:09:59,280 --> 00:10:02,840 moment, You guys all know that video when Nixon gets on, you 175 00:10:02,840 --> 00:10:06,240 know, the TV and he says we're going to temporarily, 176 00:10:06,560 --> 00:10:10,120 temporarily suspend the convertibility of dollars to 177 00:10:10,120 --> 00:10:13,760 gold, which it was never temporary, you know, and he took 178 00:10:13,880 --> 00:10:20,080 us off the gold standard. It goes on to say by then the US 179 00:10:20,080 --> 00:10:24,600 held about 3/4 of the world's gold reserves, making a pure 180 00:10:24,600 --> 00:10:28,320 gold standard untenable. The agreement pegged all allied 181 00:10:28,320 --> 00:10:31,680 nations currencies to the US dollar which was convertible, 182 00:10:31,680 --> 00:10:35,880 which was convertible to gold at a fixed rate of 135th of an 183 00:10:35,880 --> 00:10:39,080 ounce per dollar, thereby positioning the US dollar as the 184 00:10:39,840 --> 00:10:43,400 global reserve currency, moving the way move away from a pure 185 00:10:43,440 --> 00:10:45,760 gold standard. However, as the dollar was 186 00:10:45,760 --> 00:10:50,360 backed by gold, it enhanced the USS ability to spend AKA 187 00:10:50,360 --> 00:10:52,400 printing money. This is unfortunate for 188 00:10:52,400 --> 00:10:54,600 politicians. This is why the US government 189 00:10:54,600 --> 00:10:57,960 wanted to get off a Bitcoin standard because they wanted to 190 00:10:57,960 --> 00:10:59,800 print. They wanted to print. 191 00:10:59,800 --> 00:11:01,880 They wanted to spend money it didn't have. 192 00:11:02,080 --> 00:11:05,480 Anyways, this is where's the where's the gold of Fort Knox 193 00:11:05,480 --> 00:11:07,080 bro? We haven't seen it since the 194 00:11:07,080 --> 00:11:09,360 70s. The last time we saw it was a 195 00:11:09,360 --> 00:11:12,800 video of 1 Volt. Is that gold and Fort Knox 196 00:11:12,800 --> 00:11:14,680 really there? Because all they're saying is 197 00:11:14,680 --> 00:11:18,200 just trust me bro. Anyways, Fort Knox that that 198 00:11:18,200 --> 00:11:20,240 gold isn't there. This and the video was like 199 00:11:20,240 --> 00:11:21,560 black and. White, it was like black and 200 00:11:21,560 --> 00:11:23,920 white, They visited one. They weren't even allowed to 201 00:11:23,920 --> 00:11:26,440 touch the gold bars. Like, who's to say those gold 202 00:11:26,440 --> 00:11:29,880 bars weren't fake, like, And then that's in complete contrast 203 00:11:29,880 --> 00:11:33,760 to what Naimbukele is doing with El Salvador's Bitcoin reserves, 204 00:11:33,920 --> 00:11:36,720 which you can audit because it's on a public Ledger. 205 00:11:36,720 --> 00:11:39,760 It's on the Bitcoin blockchain, which makes it very difficult 206 00:11:39,760 --> 00:11:44,520 for politicians to skim skim a little bit off the top anyways. 207 00:11:44,680 --> 00:11:48,920 The situation was exacerbated by expensive expenditures on 208 00:11:48,920 --> 00:11:53,520 foreign military operations, AKA endless wars, notably in 209 00:11:53,520 --> 00:11:56,840 Vietnam, leading to a a depletion of the US gold 210 00:11:56,840 --> 00:12:02,000 reserves by 1970 and participating a liquidity 211 00:12:02,000 --> 00:12:04,880 crisis. In response, President Nixon 212 00:12:04,880 --> 00:12:07,600 announced that the United States would abandoned the gold 213 00:12:07,600 --> 00:12:11,280 standard, a decision that had global repercussions due to the 214 00:12:11,280 --> 00:12:13,760 dollar's position as the world's reserve currency. 215 00:12:14,000 --> 00:12:18,160 The Fiat Based Monetary System The significant shift towards a 216 00:12:18,160 --> 00:12:21,680 Fiat based monetary system characterized by floating 217 00:12:21,680 --> 00:12:25,720 exchange rates and the absence of a fixed currency standard has 218 00:12:25,720 --> 00:12:29,400 transformed the global financial landscape and created the role 219 00:12:29,400 --> 00:12:35,760 of real estate as a key tool for preserving wealth in the face of 220 00:12:35,760 --> 00:12:39,480 soaring monetary inflation. So you, you guys heard that 221 00:12:39,680 --> 00:12:42,400 right. It was because the US went off 222 00:12:42,400 --> 00:12:46,960 the gold standard, the inflation that essentially forced people 223 00:12:47,160 --> 00:12:52,000 to look for assets just to maintain their purchasing power. 224 00:12:52,160 --> 00:12:55,400 One of those assets being real estate. 225 00:12:55,680 --> 00:12:58,800 But there are unintended consequences of that. 226 00:12:58,960 --> 00:13:00,760 What are the unintended consequent? 227 00:13:00,760 --> 00:13:02,400 What are the unintended consequences? 228 00:13:02,640 --> 00:13:05,400 You have institutions like BlackRock. 229 00:13:05,560 --> 00:13:09,680 You have foreign individuals that are coming into big cities 230 00:13:09,920 --> 00:13:14,160 and they're just buying these properties just to like just to 231 00:13:14,160 --> 00:13:16,320 store their wealth. They're not even using them. 232 00:13:16,520 --> 00:13:19,000 They're not even using them for their utility. 233 00:13:19,120 --> 00:13:21,080 They're using them as an investment. 234 00:13:21,320 --> 00:13:26,800 That is absurd, especially if you've taken the orange pill. 235 00:13:26,880 --> 00:13:29,280 You've woken up to Bitcoin and you're like, wait a second, 236 00:13:29,600 --> 00:13:35,080 like, like, you know, this house is like, I need a house because 237 00:13:35,080 --> 00:13:37,800 I need a place to live. But this is utility. 238 00:13:38,120 --> 00:13:42,880 If you compare and contrast real estate to Bitcoin, real estate 239 00:13:43,080 --> 00:13:45,720 is a shit coin. Why is it a shit coin? 240 00:13:46,040 --> 00:13:49,800 It's a depreciating asset. You have to pay maintenance on 241 00:13:49,800 --> 00:13:56,720 it, but most importantly, it's taxed every year you have to pay 242 00:13:56,960 --> 00:14:01,720 property tax for Bitcoin. Now, if you compare that with 243 00:14:02,840 --> 00:14:06,360 oh, sorry for real estate, if you compare that with Bitcoin, 244 00:14:07,680 --> 00:14:11,640 you just buy Bitcoin, earn Bitcoin, mine Bitcoin, put that 245 00:14:11,640 --> 00:14:15,360 Bitcoin into self custody and it just stays there, my friend just 246 00:14:15,360 --> 00:14:18,000 stays there. It thrives, it's great, it's 247 00:14:18,000 --> 00:14:20,360 wonderful. You don't have to do anything. 248 00:14:20,560 --> 00:14:24,120 So it's the superior asset. Now this is where the math gets 249 00:14:24,120 --> 00:14:26,160 really exciting. This is a little bit dated 250 00:14:26,800 --> 00:14:31,400 because when Jesse Myers created this, it was a couple years ago, 251 00:14:31,760 --> 00:14:36,800 but it basically shows the world's total addressable like 252 00:14:37,400 --> 00:14:41,000 asset, the global asset value, it's about roughly 900 trillion. 253 00:14:41,000 --> 00:14:44,560 Now, some of these numbers have changed, particularly Bitcoin. 254 00:14:44,560 --> 00:14:47,040 Obviously right now it's at 1.7 trillion. 255 00:14:47,240 --> 00:14:50,360 Gold is at 17 trillion. Real estate is a little bit 256 00:14:50,360 --> 00:14:54,720 bigger, but for the sake of this example, let's just use this 257 00:14:54,720 --> 00:14:58,240 real estate number and let's take a conservative approach. 258 00:14:58,600 --> 00:15:06,880 And let's say Bitcoin is able to capture about 50% of 330 259 00:15:06,880 --> 00:15:08,800 trillion. That would put the price of 260 00:15:08,800 --> 00:15:14,000 Bitcoin at roughly $8 million per coin. 261 00:15:14,360 --> 00:15:19,320 Now, this isn't taking into account gold, this isn't taking 262 00:15:19,320 --> 00:15:21,440 into account a percentage of bonds. 263 00:15:21,640 --> 00:15:26,160 This isn't taking into account a percentage of money in general, 264 00:15:26,320 --> 00:15:30,800 art, collectibles, equities. It's not taking any into any of 265 00:15:30,800 --> 00:15:33,520 that into account. It's just taking into account 266 00:15:33,760 --> 00:15:36,840 real estate. So This is why, you know, 267 00:15:36,840 --> 00:15:42,520 Michael Saylor's Bitcoin 2024 prediction doesn't sound too 268 00:15:42,680 --> 00:15:45,760 outlandish if you look at it from that lens. 269 00:15:45,920 --> 00:15:49,120 And just to give you guys a little bit of refresher, he made 270 00:15:49,120 --> 00:15:53,920 three cases, his famous bear case, his famous base case, and 271 00:15:53,920 --> 00:15:59,160 his famous bull case. And his bull case is $13 million 272 00:15:59,200 --> 00:16:03,760 of today's money per coin, which would give it a market cap of 273 00:16:03,920 --> 00:16:08,080 280 trillion. The bull case would give it a 274 00:16:08,080 --> 00:16:12,880 market a cap of 1030 trillion and the bear case, which I think 275 00:16:12,880 --> 00:16:17,520 is is way too bearish, would give a market cap of 68 276 00:16:17,520 --> 00:16:21,120 trillion. And guys, this is happening. 277 00:16:21,280 --> 00:16:25,040 This is happening in real time. And yesterday was a historic 278 00:16:25,040 --> 00:16:29,880 milestone in bitcoins history because it took one of the 279 00:16:29,880 --> 00:16:33,480 second most popular precious metal, which is of course 280 00:16:33,480 --> 00:16:37,640 silver, and it overtook it. It's it's not anymore. 281 00:16:37,640 --> 00:16:39,680 It went down again. Actually, no, we're back at 282 00:16:39,680 --> 00:16:42,080 87,835. So it overtook it again. 283 00:16:43,200 --> 00:16:47,960 But but yeah, a pretty exciting stuff in in bitcoins history and 284 00:16:48,080 --> 00:16:50,560 it's coming for gold. It's going to catch up gold. 285 00:16:50,560 --> 00:16:55,560 It's inevitable in my opinion, because Bitcoin is the superior 286 00:16:55,560 --> 00:16:57,440 asset. It is a black hole. 287 00:16:57,480 --> 00:17:00,160 It's just going to bring everything in there anyways, 288 00:17:00,400 --> 00:17:02,320 Opti, what are your thoughts on this? 289 00:17:02,480 --> 00:17:06,839 Like I, I mean like, bro, it it it's yesterday was a crazy day 290 00:17:07,000 --> 00:17:10,000 and we haven't even started. Yeah, I was tweeting this out 291 00:17:10,000 --> 00:17:13,240 yesterday, everybody. I was like, we have 10 months of 292 00:17:13,240 --> 00:17:16,319 this shit. We have 10 months of this party. 293 00:17:16,760 --> 00:17:21,599 It's just getting started. And I'm telling you, if we, if 294 00:17:21,599 --> 00:17:24,119 we hit 100K by the end of the year, which is a total 295 00:17:24,119 --> 00:17:27,640 possibility, we're like 10K away essentially, give or take. 296 00:17:28,319 --> 00:17:32,200 I think we're blowing past 200 K next year. 297 00:17:32,560 --> 00:17:36,920 And I think it's because a lot of people have PTSD from 2021. 298 00:17:37,240 --> 00:17:40,680 So I'm incredibly bullish. Opti. 299 00:17:41,240 --> 00:17:43,880 How often am I bullish? Not that, not that often. 300 00:17:43,880 --> 00:17:45,280 Literally never. He's the bear. 301 00:17:45,280 --> 00:17:46,560 Here, right? Not that often. 302 00:17:46,560 --> 00:17:49,360 And the fact that we had this crazy run up that way that we 303 00:17:49,360 --> 00:17:52,640 did tells me that we're in a very, very good place. 304 00:17:52,840 --> 00:17:56,120 Not to mention the incoming Trump presidency. 305 00:17:56,280 --> 00:17:59,040 And of course, the talk around town. 306 00:17:59,200 --> 00:18:03,280 David Bailey is saying that another nation state has adopted 307 00:18:03,280 --> 00:18:06,680 a Bitcoin stand, you know, adopted a Bitcoin accumulation 308 00:18:06,680 --> 00:18:10,800 strategy and of course, the famous Bitcoin strategic reserve 309 00:18:10,800 --> 00:18:14,920 in the United States. I mean, dude, like I would not 310 00:18:14,920 --> 00:18:17,960 be surprised that if those things went through, we shot up 311 00:18:17,960 --> 00:18:21,400 to $1,000,000 very, very effing quickly. 312 00:18:21,760 --> 00:18:25,440 Opti, what are your thoughts? Yeah, well, First off, I I I am 313 00:18:25,440 --> 00:18:28,600 a little surprised to hear Nico start to say 200 K Bitcoin. 314 00:18:28,600 --> 00:18:31,680 So you can tell that he's starting to feel the FOMO 315 00:18:31,680 --> 00:18:34,400 because I was saying this in like April where I'm just like I 316 00:18:34,400 --> 00:18:38,080 have a feeling this bull market going to go to 200 three 100K 317 00:18:38,320 --> 00:18:40,920 and everyone is kind of getting really bullish. 318 00:18:40,920 --> 00:18:43,880 So you you love to see it with Nico reigning bear on the show 319 00:18:43,880 --> 00:18:46,320 starts to get bullish. You know, we're starting to feel 320 00:18:46,320 --> 00:18:49,440 and enter into the frenzy stage of the Bitcoin bull market. 321 00:18:49,760 --> 00:18:53,480 But putting a bow tie on that, what I really love about the 322 00:18:53,480 --> 00:18:57,360 fact of Bitcoin passing silver's market cap is one of them. 323 00:18:57,360 --> 00:19:00,600 It is kind of personal. My my dad to this day is still a 324 00:19:00,600 --> 00:19:03,160 silver bug. Like he always, always talks 325 00:19:03,160 --> 00:19:06,240 about, oh man, my silver's at all time high or you know, my 326 00:19:06,240 --> 00:19:09,160 silver prices are going up. It's all time high holdings for 327 00:19:09,160 --> 00:19:10,560 me. And I'm always sitting there 328 00:19:10,560 --> 00:19:14,080 like, dad, come on, man. Like, when are you going to go 329 00:19:14,080 --> 00:19:17,480 deeper into Bitcoin? Like, yeah, silver was cool, but 330 00:19:17,680 --> 00:19:19,680 he's still, he's still a dinosaur here and he's still 331 00:19:19,680 --> 00:19:23,200 thinking that silver's monetized and that it's going to make a 332 00:19:23,200 --> 00:19:25,520 good run. And hey, maybe his silver bags 333 00:19:25,520 --> 00:19:27,480 will be good. So I love seeing this. 334 00:19:27,480 --> 00:19:28,760 He actually tweeted me this morning. 335 00:19:28,760 --> 00:19:30,720 He's like, man, Bitcoin, Bitcoin's running. 336 00:19:30,720 --> 00:19:32,240 I hope you're having fun down in El Salvador. 337 00:19:32,240 --> 00:19:34,920 And I'm like, yeah, it's it's going to be a crazy, crazy next 338 00:19:34,920 --> 00:19:35,800 year. Anyways. 339 00:19:35,920 --> 00:19:39,080 I think the other significant aspect of Bitcoin passing the 340 00:19:39,080 --> 00:19:43,360 silver market cap is we did have bimetalism for a long time. 341 00:19:43,600 --> 00:19:47,600 And of course, Nico just went down and ran down the 1971, the 342 00:19:47,600 --> 00:19:50,280 Nixon shock. And we're starting to see that a 343 00:19:50,280 --> 00:19:53,760 new bimetalism is starting to proliferate around the world. 344 00:19:53,960 --> 00:19:56,240 And of course, we're talking about Bitcoin and Fiat 345 00:19:56,240 --> 00:19:58,160 currencies. And I think this is the new 346 00:19:58,160 --> 00:20:01,720 trend that we're seeing that Bitcoin will for at least the 347 00:20:01,720 --> 00:20:05,080 foreseeable future coexist with Fiat currencies. 348 00:20:05,280 --> 00:20:09,000 And if we look at what happened in the past in the bimetalism of 349 00:20:09,000 --> 00:20:12,440 gold and silver, obviously you know, you store your value in 350 00:20:12,440 --> 00:20:14,560 gold. And you use your silver to make 351 00:20:14,560 --> 00:20:17,800 payments. Well, now that old paradigm is 352 00:20:17,800 --> 00:20:21,200 starting to shift into Bitcoin, where you store your Bitcoin and 353 00:20:21,200 --> 00:20:23,840 you use your dollars. And I think this is kind of what 354 00:20:23,840 --> 00:20:25,840 we're seeing play out in real time. 355 00:20:26,360 --> 00:20:29,960 That trend and that education level hasn't really hit the 356 00:20:29,960 --> 00:20:32,160 mainstream yet. But you're starting to see that 357 00:20:32,160 --> 00:20:33,960 people are pivoting into Bitcoin. 358 00:20:34,160 --> 00:20:36,920 The conversation around Bitcoin is improving. 359 00:20:37,120 --> 00:20:38,600 People are starting to get bullish. 360 00:20:38,640 --> 00:20:40,640 Everyone's talking about 80 K Bitcoin. 361 00:20:40,640 --> 00:20:42,120 Well, actually, I'll take that back. 362 00:20:42,120 --> 00:20:45,080 Not everyone is talking about 80 K Bitcoin because I still 363 00:20:45,080 --> 00:20:48,120 haven't got my friends text messages yet of being like, 364 00:20:48,480 --> 00:20:51,080 Dang, Bitcoin's at 90 Ki should have listened to you and bought 365 00:20:51,080 --> 00:20:54,480 it at 15 K etcetera. But we're starting to see that 366 00:20:54,480 --> 00:20:58,040 as we move into that 6 figure number, things are going to get 367 00:20:58,040 --> 00:20:59,600 crazy. And I know I've been saying 368 00:20:59,600 --> 00:21:02,560 super cycle for a long time, so I don't want to jinx it because 369 00:21:03,160 --> 00:21:05,680 if I say it, it seems like the price starts to drop. 370 00:21:05,680 --> 00:21:07,800 But when Nika says it, the price starts to go up. 371 00:21:08,120 --> 00:21:13,080 But it is starting to feel like maybe we might be either seeing 372 00:21:13,080 --> 00:21:17,800 our last four year cycle or hey, maybe it is going up forever 373 00:21:17,800 --> 00:21:18,760 now. I don't know. 374 00:21:18,760 --> 00:21:21,720 Dude, I always hear this every single cycle. 375 00:21:21,720 --> 00:21:24,600 I know the Super cycle, the Super cycle, the Super cycle, 376 00:21:24,600 --> 00:21:26,840 the Super cycle, then every there's no super cycle, then 377 00:21:26,840 --> 00:21:30,920 just love of it. So I mean, we shall see, but I, 378 00:21:30,920 --> 00:21:35,920 I will tell you this guys, my strategy has always been stay 379 00:21:35,920 --> 00:21:39,440 humble, stack stats, stay solvent, be careful with 380 00:21:39,440 --> 00:21:44,480 leverage and you know, just literally just stacks ATS your 381 00:21:44,480 --> 00:21:48,000 life will get better. Try not to trade, even though I 382 00:21:48,000 --> 00:21:50,640 know it's a lot, it, it's very appealing for a lot of people. 383 00:21:51,360 --> 00:21:55,240 But I, I've been doing this for quite a long time and I'll tell 384 00:21:55,240 --> 00:22:00,480 you this, I have talked to many people that they've essentially 385 00:22:00,480 --> 00:22:05,240 told me like, if I did absolutely nothing but just held 386 00:22:05,240 --> 00:22:10,160 on to the Bitcoin, I would have more Bitcoin today than if I did 387 00:22:10,160 --> 00:22:12,000 everything that I tried to do right. 388 00:22:12,040 --> 00:22:13,480 And I think there's a lesson in that. 389 00:22:14,320 --> 00:22:17,320 And I'm not saying it's 100% of people, but I'm saying it's the 390 00:22:17,320 --> 00:22:21,800 vast majority of people that I've that, that I've spoken 391 00:22:21,800 --> 00:22:24,080 with. So anyways, guys, it's gonna be 392 00:22:24,080 --> 00:22:27,920 a great show. We have so many topics loaded up 393 00:22:27,920 --> 00:22:30,600 for you guys. We're going to talk about Naimbu 394 00:22:30,600 --> 00:22:34,080 Kayle's vindication against the IMF. 395 00:22:34,200 --> 00:22:37,840 You know, the same IMF that was telling him that, hey, listen, 396 00:22:38,000 --> 00:22:40,360 be careful. Bitcoin is going to cause 397 00:22:40,360 --> 00:22:42,600 financial instability in your country. 398 00:22:42,760 --> 00:22:44,560 And it's going to, you know, it's going to cause, it's going 399 00:22:44,560 --> 00:22:46,920 to cause all this mayhem. And you know, people are going 400 00:22:46,920 --> 00:22:48,640 to go broke and it's going to be terrible. 401 00:22:48,800 --> 00:22:53,800 Well, IMF, you guys got it effing wrong, totally wrong. 402 00:22:53,960 --> 00:22:56,840 Naimbu Kayle completely vindicated. 403 00:22:56,960 --> 00:23:01,520 So we're going to cover that. And then also during the numbers 404 00:23:01,520 --> 00:23:05,320 segment, Natalie Burnell went on legacy media and she was talking 405 00:23:05,320 --> 00:23:08,680 about the American Dream. So guys, stay tuned. 406 00:23:08,680 --> 00:23:11,360 It's going to be a great show. And of course, Opti's got a 407 00:23:11,360 --> 00:23:15,160 special surprise for you guys lined up during the culture. 408 00:23:15,240 --> 00:23:17,640 Anyways, ladies and gentlemen, let's get to news. 409 00:23:17,760 --> 00:23:19,280 We have lots to talk about today. 410 00:23:19,280 --> 00:23:29,280 Let's check it out. I want to tell you guys about 411 00:23:29,280 --> 00:23:33,720 our sponsor Stamp Seed. Is your Bitcoin and cold storage 412 00:23:33,760 --> 00:23:37,200 really secure? Are your seed words really 413 00:23:37,200 --> 00:23:40,200 secure? 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All right everybody let's get to 478 00:27:22,400 --> 00:27:24,200 the numbers. At the time of recording, the 479 00:27:24,200 --> 00:27:28,440 Bitcoin price is back up at 87,510 dollars. 480 00:27:28,560 --> 00:27:35,400 Block height 870,000 flat sats per dollar, 1143 market cap, 481 00:27:35,400 --> 00:27:42,280 1.73 trillion Bitcoin price in gold, 33.9 oz Bitcoin versus 482 00:27:42,280 --> 00:27:49,440 gold market cap 9.67% percentage issued 94.19% decline from time 483 00:27:49,440 --> 00:27:54,960 high -2.6%. And the realized monetary 484 00:27:54,960 --> 00:27:56,920 inflation. I love this one. 485 00:27:57,280 --> 00:28:00,720 Continuing to take Fiat currencies to absolute school. 486 00:28:01,080 --> 00:28:06,800 We are at 1.23%. Anyways guys, let's talk about 487 00:28:06,800 --> 00:28:09,200 this, right? Let's talk about the American 488 00:28:09,200 --> 00:28:12,480 dream. So the American Dream is this 489 00:28:12,480 --> 00:28:14,320 concept. Me and Opti are, are first 490 00:28:14,320 --> 00:28:18,320 generation Americans and we, we immigrated to this country, Opti 491 00:28:18,320 --> 00:28:22,120 from Mexico, me from Venezuela, and we were sold on the idea of 492 00:28:22,120 --> 00:28:24,280 the American Dream. The the idea of the American 493 00:28:24,280 --> 00:28:28,960 Dream is if you work hard enough, if you put a pedal to 494 00:28:28,960 --> 00:28:33,280 the metal, if you believe, if you suffer, you struggle, you 495 00:28:33,280 --> 00:28:36,920 pay your dues, you're able to live a good life. 496 00:28:37,640 --> 00:28:40,280 That means a white picket fence. That means a car. 497 00:28:40,400 --> 00:28:44,480 That means dignity, right be to be able to afford housing and 498 00:28:44,480 --> 00:28:49,680 raise a family. The American Dream is dead on a 499 00:28:50,320 --> 00:28:53,200 Fiat standard. It's been dead for a long time, 500 00:28:53,720 --> 00:28:56,560 especially if you're a Gen. Z, you're a millennial. 501 00:28:56,880 --> 00:29:00,800 You are now become part of the renter class. 502 00:29:01,600 --> 00:29:03,840 You're basically nothing more than a Russian serf. 503 00:29:03,960 --> 00:29:07,960 I mean, the World Economic Forum that I call the contillionary 504 00:29:08,440 --> 00:29:12,680 conference, they're even telling you you owe nothing and be 505 00:29:12,680 --> 00:29:16,600 happy. Well, that sounds very somber 506 00:29:16,600 --> 00:29:18,600 and that sounds very depressing and sad. 507 00:29:18,920 --> 00:29:22,280 What I got to tell you guys is the American Dream isn't dead. 508 00:29:22,680 --> 00:29:25,000 You're just using the wrong unit of account. 509 00:29:25,320 --> 00:29:29,920 The American Dream is thriving, and not only is it thriving, it 510 00:29:29,920 --> 00:29:35,040 has been exported all over the world if you're saving on a 511 00:29:35,160 --> 00:29:38,760 Bitcoin standard. Now before I play Natalie 512 00:29:38,760 --> 00:29:42,680 Burnell on Legacy via moving the Overton Window talking about 513 00:29:42,680 --> 00:29:48,600 this, I do want to show you guys the proof. 514 00:29:49,000 --> 00:29:52,400 So here is a very, very power site that we use all the time 515 00:29:52,720 --> 00:29:57,920 called Priced in Bitcoin 21 and it shows you what happens when 516 00:29:58,280 --> 00:30:02,920 you start adopting Bitcoin as your unit of account. 517 00:30:03,520 --> 00:30:07,400 So it has the dollar, it has oil, it has gold, it has the S&P 518 00:30:07,400 --> 00:30:10,240 500. If you've been saving a Bitcoin, 519 00:30:10,520 --> 00:30:14,440 oil has gotten 94% cheaper over the last five years. 520 00:30:14,440 --> 00:30:18,920 If you've been saving in gold, gold has gotten 93% cheaper over 521 00:30:18,920 --> 00:30:23,320 the last five years. If the S&P has been has gotten 522 00:30:23,320 --> 00:30:27,600 75% cheaper over the last five years, a house, even with 523 00:30:27,600 --> 00:30:32,920 housing prices doubling, quote UN quote, a house has gotten 89% 524 00:30:32,920 --> 00:30:35,720 cheaper over the last five years. 525 00:30:35,800 --> 00:30:39,880 Over the last three years, a house has gotten 80% cheaper. 526 00:30:39,960 --> 00:30:45,040 Over the last year, a house has gotten 78% cheaper if you've 527 00:30:45,040 --> 00:30:48,760 adopted and you've been saving on a Bitcoin standard. 528 00:30:49,000 --> 00:30:51,040 So the American dream isn't dead. 529 00:30:51,280 --> 00:30:55,000 It's alive and well. It's thriving, but only if 530 00:30:55,000 --> 00:30:57,320 you're using Bitcoin as a unit of account. 531 00:30:57,600 --> 00:31:01,840 I'm not the only one to think this here is simply bitcoins. 532 00:31:01,840 --> 00:31:05,960 Dante Cook, host of the Bitcoin Simply Show, which I believe 533 00:31:05,960 --> 00:31:08,280 it's Tuesday, so he's going to be dropping a show for you guys 534 00:31:08,280 --> 00:31:12,000 later on in the day. And he's this is his quote, this 535 00:31:12,000 --> 00:31:14,240 is his tweet. He says Bitcoin is the purest 536 00:31:14,240 --> 00:31:17,080 expression of the American dream five years ago. 537 00:31:17,280 --> 00:31:25,280 Medium house price $329,000 AKA 44 Bitcoin today medium house 538 00:31:25,280 --> 00:31:29,880 price in the United states 434,000, which you'll see is 539 00:31:29,880 --> 00:31:34,840 higher in Fiat terms, but that equates to less than 5 Bitcoin 540 00:31:35,080 --> 00:31:38,840 Saving Bitcoin and afford a home now. 541 00:31:38,840 --> 00:31:42,760 Our job as Bitcoin content creators and Bitcoin in general 542 00:31:42,800 --> 00:31:46,800 is to really get this message out there so that people stop 543 00:31:46,800 --> 00:31:51,360 infighting and most importantly, people stop seeking solutions, 544 00:31:51,440 --> 00:31:56,600 solutions from politicians. People start taking personal 545 00:31:56,600 --> 00:32:02,040 responsibility and start to realize that, hey, you can save 546 00:32:02,120 --> 00:32:05,720 for a better future. All you have to do is transition 547 00:32:05,720 --> 00:32:09,560 to a Bitcoin standard. Anyways, here is Natalie Burnell 548 00:32:09,880 --> 00:32:14,520 who kills it every single time on legacy media, Fox Business 549 00:32:14,560 --> 00:32:16,760 with Charles Payne. Let's check it out. 550 00:32:16,960 --> 00:32:19,800 Talking about the American dream and Bitcoin. 551 00:32:19,800 --> 00:32:22,280 Want to bring a Coin Stories podcast and Natalie Bernal 552 00:32:22,520 --> 00:32:24,360 joining me by phone. So Natalie, you know what I 553 00:32:24,360 --> 00:32:26,240 thought was intriguing? If you look at the places where 554 00:32:26,240 --> 00:32:30,240 Trump outperformed with young men, 18 to 2942% are in crypto, 555 00:32:30,400 --> 00:32:34,040 Black, black Americans, 23% are in crypto, 21% of Hispanics. 556 00:32:34,280 --> 00:32:36,880 Those it's, it's interesting to me in the sense that these are 557 00:32:36,880 --> 00:32:39,320 people who are finding a different way of saying, hey, I 558 00:32:39,320 --> 00:32:41,160 think I can get a piece of the American dream, but it's got to 559 00:32:41,160 --> 00:32:43,360 be something non traditional. And you kind of talked, you knew 560 00:32:43,360 --> 00:32:44,960 about this and talked about it a long time ago. 561 00:32:46,200 --> 00:32:47,560 That's right, Charles. Well, you know, Bitcoin is 562 00:32:47,560 --> 00:32:50,480 really the purest expression of the American dream of freedom 563 00:32:50,480 --> 00:32:53,040 and self determination. And Bitcoin is a financial 564 00:32:53,040 --> 00:32:55,920 system that was created by the people for the people. 565 00:32:55,920 --> 00:32:58,960 It wasn't funded by big corporation or venture capital 566 00:32:59,120 --> 00:33:00,520 or government and special interest groups. 567 00:33:00,520 --> 00:33:03,200 It grew from the ground up entirely organically. 568 00:33:03,200 --> 00:33:05,120 And how often do we see something like that? 569 00:33:05,440 --> 00:33:08,360 I mean, Bitcoin offers this entirely new vision where we can 570 00:33:08,360 --> 00:33:12,160 truly own our wealth and it really transcends politics and 571 00:33:12,160 --> 00:33:14,040 borders and backgrounds, which is why I think it's the 572 00:33:14,040 --> 00:33:16,760 opportunity of a lifetime. I got to tell you all young, 573 00:33:16,760 --> 00:33:18,560 whenever a young adult approaches me, I know 9 out of 574 00:33:18,560 --> 00:33:20,160 10 they're going to ask me about cryptocurrency. 575 00:33:20,160 --> 00:33:22,840 Do you know that tomorrow is the three-year anniversary, The 576 00:33:22,840 --> 00:33:25,280 first time that you gave that your little rant about this 577 00:33:25,280 --> 00:33:26,840 money printing in Bitcoin to the world. 578 00:33:27,040 --> 00:33:30,360 Take it, take a listen. We're addicted to the money 579 00:33:30,360 --> 00:33:32,360 printer in this country. And I think a nation that lives 580 00:33:32,360 --> 00:33:34,640 by the money printer runs the risk of dying by it as well. 581 00:33:34,640 --> 00:33:36,600 I mean, we used to be the world's biggest creditor nation. 582 00:33:36,600 --> 00:33:38,400 We made stuff. Now we're the world's biggest 583 00:33:38,400 --> 00:33:40,600 debtor nation. We hardly make anything except 584 00:33:40,600 --> 00:33:42,000 debt. That's why Bitcoin is so great. 585 00:33:42,040 --> 00:33:44,240 You can't print more of it. It's programmatically scarce 586 00:33:44,240 --> 00:33:45,960 hard money. And as my friend Preston Push 587 00:33:45,960 --> 00:33:48,640 said very well today, Bitcoin literally feasts on corruption 588 00:33:48,640 --> 00:33:50,440 and manipulation, and boy is the plate holder. 589 00:33:55,920 --> 00:34:00,040 Absolutely 100% Natalie Burnell hit, you know, hits, hits the 590 00:34:00,040 --> 00:34:03,160 ball out of the park like usual. Forgive me, guys, we are, you 591 00:34:03,160 --> 00:34:06,160 know, the Internet is is a little interesting. 592 00:34:06,160 --> 00:34:08,960 So the the video was a bit pixelated. 593 00:34:09,480 --> 00:34:11,920 We'll make sure to download it into Restream itself. 594 00:34:11,920 --> 00:34:13,760 So it's a little bit better next time. 595 00:34:13,760 --> 00:34:16,520 But anyways, Opti, I mean, dude, this is something that you've 596 00:34:16,520 --> 00:34:18,360 been experiencing. This is something that I've been 597 00:34:18,360 --> 00:34:23,280 experiencing us running this like Bitcoin bootstrapped media 598 00:34:23,280 --> 00:34:28,719 company and like, you know what like the wonders that it has 599 00:34:28,719 --> 00:34:33,760 done for us as a company because a portion of our treasury is on 600 00:34:33,760 --> 00:34:37,360 a Bitcoin standard. And because of that, the runway 601 00:34:37,360 --> 00:34:39,880 just gets bigger and bigger and bigger and bigger and bigger. 602 00:34:40,040 --> 00:34:43,120 And that gives us Peace of Mind. We're able to make payroll. 603 00:34:44,080 --> 00:34:47,239 We're not, you know, freaking out and we're able to expand as 604 00:34:47,239 --> 00:34:49,159 well. So can you talk a little bit 605 00:34:49,159 --> 00:34:50,880 about that Bitcoin, the American dream? 606 00:34:51,040 --> 00:34:54,560 You specifically like myself as an immigrant, you know, we were 607 00:34:54,560 --> 00:34:57,160 sold on this idea coming to America. 608 00:34:57,840 --> 00:35:00,880 Yeah, 100%. And I mean, look, I still fully 609 00:35:00,880 --> 00:35:02,840 believe in the American Dream and we actually had a long 610 00:35:02,840 --> 00:35:05,720 conversation about this last night with everyone here at the 611 00:35:05,720 --> 00:35:08,440 Airbnb that the American Dream isn't dead. 612 00:35:08,440 --> 00:35:11,480 If you're on the Bitcoin standard, yes, it's damn near 613 00:35:11,480 --> 00:35:13,080 impossible. If you're on the Fiat standard 614 00:35:13,080 --> 00:35:15,760 because you're on the hamster wheel, it's hard to escape 615 00:35:15,760 --> 00:35:17,320 inflation. If you're not making, you know, 616 00:35:17,560 --> 00:35:22,560 20% plus gains investing or getting 20% plus raises every 617 00:35:22,560 --> 00:35:25,560 year, you are barely floating by. 618 00:35:25,560 --> 00:35:28,200 And now we're seeing that Bitcoin is the cheap code that 619 00:35:28,200 --> 00:35:32,360 all you literally have to do is, you know, work your job, save in 620 00:35:32,360 --> 00:35:34,760 Bitcoin and your life gets out much better. 621 00:35:34,760 --> 00:35:39,440 And it really is a throwback to, you know, the 1950s Americana 622 00:35:39,440 --> 00:35:42,360 type vibes where you work a good job, you save in, you know, 623 00:35:42,360 --> 00:35:46,200 whatever money you wanted to and you could still afford a family, 624 00:35:46,200 --> 00:35:49,280 you can still afford a house. And as we're seeing, things are 625 00:35:49,280 --> 00:35:51,240 getting really crazy out there in the Fiat land. 626 00:35:51,240 --> 00:35:56,120 And Bitcoin is as American as apple pie, as the meme goes. 627 00:35:56,120 --> 00:35:59,960 It's the American deals encrypted in cyberspace or 628 00:35:59,960 --> 00:36:01,840 whatever the meme was that Sailor was saying. 629 00:36:02,080 --> 00:36:05,680 And I think it's really it, it really embodies everything that 630 00:36:05,680 --> 00:36:07,360 I was ever told about being an American. 631 00:36:07,600 --> 00:36:10,280 And I absolutely love this meme, especially right now where we're 632 00:36:10,280 --> 00:36:15,560 seeing that a lot of the older generation really is, I don't 633 00:36:15,560 --> 00:36:19,240 want to say brainwashed, but they really have this connection 634 00:36:19,240 --> 00:36:21,320 with the dollar. And that's where their 635 00:36:21,320 --> 00:36:23,160 patriotism is kind of tied up to. 636 00:36:23,160 --> 00:36:25,680 It's like, American is the best where the world reserve 637 00:36:25,680 --> 00:36:27,400 currency, the dollar is the best. 638 00:36:27,400 --> 00:36:30,760 I mean, I was kind of joking with with Murphy over here 639 00:36:30,760 --> 00:36:34,160 about, Hey, he's pricing the the Bitcoin price in Canadian 640 00:36:34,160 --> 00:36:35,320 dollars. I'm like, those aren't real 641 00:36:35,320 --> 00:36:37,240 dollars, bro. Let's get to the real dollar so 642 00:36:37,240 --> 00:36:40,720 we can even play on that idea. But a lot of people's patriotism 643 00:36:40,720 --> 00:36:44,560 is wrapped up in the dollar. And us Bitcoiners are like, look 644 00:36:44,920 --> 00:36:46,560 it it, it doesn't have to be this way. 645 00:36:46,560 --> 00:36:48,040 You just need to save in a good money. 646 00:36:48,040 --> 00:36:51,200 Bitcoin is American, You know, we could argue that Satoshi 647 00:36:51,200 --> 00:36:54,840 Nakamoto was Japanese or even from the UK or what have you. 648 00:36:55,120 --> 00:36:58,960 But I, I kind of believe that there was a lot of American 649 00:36:58,960 --> 00:37:02,640 idealism coming from Satoshi. And I just can't wait to see 650 00:37:02,640 --> 00:37:05,080 more people adopt Bitcoin. Obviously, this is a global 651 00:37:05,080 --> 00:37:08,480 phenomenon, and I want everyone to get on the Bitcoin standard, 652 00:37:08,480 --> 00:37:12,920 saving a Bitcoin using Bitcoin, but I love to see that this 653 00:37:13,640 --> 00:37:16,880 movement that is Bitcoin is helping people, individuals 654 00:37:16,880 --> 00:37:20,520 escape inflation, live the life that we've always been taught to 655 00:37:20,520 --> 00:37:23,600 believe is possible. And it's really super simple. 656 00:37:23,680 --> 00:37:26,720 Why are we working for a money that is designed to steal from 657 00:37:26,720 --> 00:37:29,920 us when there's a better option? And we do our best to come out 658 00:37:29,920 --> 00:37:32,560 here every single day to explain to people it's literally as 659 00:37:32,560 --> 00:37:34,840 simple as just saving in Bitcoin, taking Bitcoin into 660 00:37:34,840 --> 00:37:38,360 cold storage, making sure your cash flow is going up and 661 00:37:38,360 --> 00:37:40,480 continuing to repeat this process. 662 00:37:40,640 --> 00:37:44,200 As we say, you know, stay humble stack stats I I think we are 663 00:37:44,200 --> 00:37:48,040 going to see a new renaissance not only in America, but 664 00:37:48,040 --> 00:37:51,200 anywhere that adopts Bitcoin and we're seeing this happen in El 665 00:37:51,200 --> 00:37:53,240 Salvador we're in El Salvador. You can see the beautiful 666 00:37:53,240 --> 00:37:56,160 volcano Naibu Kelly is being vindicated. 667 00:37:56,160 --> 00:38:00,200 We see in the the mining and Bhutan now they're, it's like 668 00:38:00,200 --> 00:38:01,920 their holdings are over a billion dollars. 669 00:38:01,920 --> 00:38:03,720 So it's literally the cheat code. 670 00:38:03,720 --> 00:38:07,320 You just need to save a coin and don't spend that Bitcoin and 671 00:38:07,320 --> 00:38:09,560 your life gets that much better. And I think this is what 672 00:38:09,560 --> 00:38:12,080 everyone really wants to do. Most people just want to live a 673 00:38:12,080 --> 00:38:15,320 good life and they just don't know that there's a whole new 674 00:38:15,320 --> 00:38:17,560 opportunity. And of course, that opportunity 675 00:38:17,560 --> 00:38:21,960 is simply Bitcoin. 100 percent, 100% All right guys, stay tuned 676 00:38:21,960 --> 00:38:24,800 because we have a incredible show for you guys lined up. 677 00:38:25,080 --> 00:38:28,160 We're going to talk about Naimbu Kelly's and incredible 678 00:38:28,160 --> 00:38:32,160 vindication over the IMF, so stay tuned, we'll be right back. 679 00:38:34,200 --> 00:38:37,480 Special shout out to our sponsor Compass Mining. 680 00:38:37,880 --> 00:38:41,280 They make Bitcoin mining accessible to everyone from 681 00:38:41,280 --> 00:38:43,880 beginners to experienced investors. 682 00:38:44,160 --> 00:38:48,440 Their turnkey miners gets you online and hashing within 48 683 00:38:48,440 --> 00:38:52,160 hours, making it easier than ever to start your mining 684 00:38:52,160 --> 00:38:54,720 journey. Plus, with their active 685 00:38:54,720 --> 00:38:58,560 marketplace, you can resell your miner at any time, adding 686 00:38:58,560 --> 00:39:01,040 flexibility and value to your investment. 687 00:39:01,520 --> 00:39:05,440 Visit their website to access a wealth of resources, learning 688 00:39:05,480 --> 00:39:07,960 everything you need to know about Bitcoin mining. 689 00:39:08,120 --> 00:39:11,880 Take your first step into the world of Bitcoin mining with 690 00:39:11,880 --> 00:39:14,920 confidence. Discover more at Compass Mining 691 00:39:15,000 --> 00:39:18,560 dot IO. Again, Compass Mining dot IO and 692 00:39:18,560 --> 00:39:22,000 see how Compass Mining can power your success. 693 00:39:30,040 --> 00:39:32,720 I want to give a shout out to our sponsor foundation. 694 00:39:32,760 --> 00:39:36,560 It's self custody done right. They've built a premium grade 695 00:39:36,560 --> 00:39:40,200 hardware wallet called Passport right here in the US, and it 696 00:39:40,200 --> 00:39:43,760 integrates seamlessly with their free app called Envoy. 697 00:39:44,360 --> 00:39:47,160 Passport is fully open source and verifiable. 698 00:39:47,320 --> 00:39:50,560 It's the most intuitive Bitcoin wallet design with a UX 699 00:39:50,560 --> 00:39:54,040 reminiscent of a classic feature phone, so you'll know how to 700 00:39:54,040 --> 00:39:56,560 navigate it and use it the moment you pick it up. 701 00:39:56,760 --> 00:40:00,680 It's also air gaps, meaning Bitcoin stays offline, never 702 00:40:00,680 --> 00:40:04,280 touching an Internet connection. It's Bitcoin only open source, 703 00:40:04,280 --> 00:40:08,200 verifiable air gap security model, gorgeous design, craft 704 00:40:08,200 --> 00:40:11,920 premium grade materials. Get your Bitcoin off exchanges 705 00:40:12,080 --> 00:40:14,200 and into your own hands in just a few minutes. 706 00:40:14,360 --> 00:40:18,920 With passport at foundation dot XYZ slash simply get Peace of 707 00:40:18,920 --> 00:40:26,480 Mind for your piece of Bitcoin. All right, everybody, so let's 708 00:40:26,480 --> 00:40:32,120 get to Naimbu Kayla's app close up Opsy, please, let's get to 709 00:40:32,200 --> 00:40:36,000 Naimbu Kayla's absolute vindication. 710 00:40:36,280 --> 00:40:43,240 And remember guys, the IT wasn't only it wasn't only the IMF, it 711 00:40:43,240 --> 00:40:46,080 was the World Bank. It was members of the US 712 00:40:46,080 --> 00:40:48,640 government. There was a law that was passed 713 00:40:48,640 --> 00:40:52,480 in the house that was quote UN quote investigating El Salvador. 714 00:40:52,600 --> 00:40:55,400 Mind you, El Salvador is a very small country. 715 00:40:55,520 --> 00:40:58,760 The GDP is only 32 billion. Why do they care? 716 00:40:59,120 --> 00:41:04,320 Not to mention the relentless onslaught by the legacy media 717 00:41:04,320 --> 00:41:06,920 machine that was just completely annihilated with the Trump 718 00:41:06,920 --> 00:41:10,800 election, by the way. But that whole machine just went 719 00:41:10,800 --> 00:41:14,560 after Naimbu Kele because he wanted to lower crime in the 720 00:41:14,560 --> 00:41:17,880 country, which he did. He, you know, he increased the 721 00:41:17,880 --> 00:41:22,960 GDP, he made El Salvador safe, he increased the hope of the 722 00:41:22,960 --> 00:41:26,320 people and for some reason he was demonized because of it. 723 00:41:26,560 --> 00:41:29,560 And I truly believe that, you know, because I've seen what 724 00:41:29,840 --> 00:41:33,040 adopting Bitcoin has done for me, for my company, for Opti, 725 00:41:33,040 --> 00:41:35,840 for my family, for Michael Saylor, for other. 726 00:41:36,560 --> 00:41:39,680 It just makes your life better when you adopt A Bitcoin 727 00:41:39,680 --> 00:41:43,240 standard. So I think the fact that El 728 00:41:43,240 --> 00:41:47,280 Salvador adopted a Bitcoin standard and then by doing so 729 00:41:47,280 --> 00:41:51,600 fixing the base layer of society, I think that played a 730 00:41:51,600 --> 00:41:56,360 role in El Salvador's success. Now, did it play a huge role? 731 00:41:56,560 --> 00:41:58,400 I don't know. Let's see when another country 732 00:41:58,400 --> 00:42:01,600 plays a Bitcoin standard. But there is something there. 733 00:42:01,840 --> 00:42:03,480 I, I, I, I, I'm really calling that. 734 00:42:03,680 --> 00:42:06,880 So anyway, let's get to today's story. 735 00:42:06,960 --> 00:42:10,040 We have the receipts for you guys, like always on Simply 736 00:42:10,040 --> 00:42:11,240 Bitcoin. That's what we have. 737 00:42:12,040 --> 00:42:15,800 But let's get to this Reuters article, shall we? 738 00:42:16,000 --> 00:42:21,120 So this was back in October 3rd, 2024. 739 00:42:22,000 --> 00:42:26,760 IMF says Bitcoin remains key element in El Salvador program 740 00:42:26,760 --> 00:42:28,840 talks. So this is what they do. 741 00:42:29,000 --> 00:42:33,440 The IMF goes to developing countries and they give those 742 00:42:33,440 --> 00:42:37,960 countries these loans with crazy conditions. 743 00:42:38,120 --> 00:42:42,600 They essentially enslave developing countries with these 744 00:42:42,600 --> 00:42:46,480 loans and they give them the the, the these SDRS. 745 00:42:46,480 --> 00:42:49,400 It's essentially just this money that they just create out of 746 00:42:49,400 --> 00:42:53,960 thin air and the conditions are nuts and they essentially 747 00:42:53,960 --> 00:42:56,400 enslaved. It's like a new form of neo 748 00:42:56,400 --> 00:43:01,760 colonialism, right? And the reason that IMF in the 749 00:43:01,760 --> 00:43:08,160 World Bank doesn't like Bitcoin isn't because Bitcoin is not 750 00:43:08,160 --> 00:43:12,120 going to solve the problems of, you know, these developing 751 00:43:12,120 --> 00:43:15,960 countries. It's because Bitcoin provides an 752 00:43:15,960 --> 00:43:20,320 alternative for developing countries not to have to go 753 00:43:20,320 --> 00:43:22,920 through the IMF. And because it provides an 754 00:43:22,920 --> 00:43:28,280 alternative to not have to go to through the IMF, it relinquishes 755 00:43:28,280 --> 00:43:34,440 control by the IMF over these countries. 756 00:43:34,720 --> 00:43:37,600 And that's why they're scared. That's what it's about. 757 00:43:37,720 --> 00:43:40,960 It has nothing to do with financial stability. 758 00:43:41,120 --> 00:43:45,080 It has nothing to do with a MLKYC. 759 00:43:45,240 --> 00:43:48,840 That's all bullshit. It's the fact that because 760 00:43:48,840 --> 00:43:52,280 there's an alternative, a non sovereign alternative of which 761 00:43:52,280 --> 00:43:57,120 no one can control, it freaks the IMF out because before they 762 00:43:57,120 --> 00:43:58,880 were the only player on the block. 763 00:43:59,040 --> 00:44:03,040 And that's no longer the case. That's why they're so scared and 764 00:44:03,040 --> 00:44:07,080 that's why they're allies in the legacy media whose reputation is 765 00:44:07,080 --> 00:44:11,320 completely gone and dusted. I would even say the legacy 766 00:44:11,320 --> 00:44:16,120 media is no more after the Trump twenty Trump 2024 election that 767 00:44:16,120 --> 00:44:17,880 that that's why they're so concerned about this. 768 00:44:18,120 --> 00:44:21,840 Anyways, so I'm going to read you this article or or at least 769 00:44:21,840 --> 00:44:24,960 the beginning of it. Program talks between the IMF 770 00:44:24,960 --> 00:44:28,000 and El Salvador focus on strengthening reforms while 771 00:44:28,000 --> 00:44:32,720 addressing risks arising from the use of Bitcoin remains a key 772 00:44:32,720 --> 00:44:36,600 element of the discussion quote. What we have recommended is a 773 00:44:36,600 --> 00:44:40,800 narrowing of the scope of the Bitcoin law, strengthening the 774 00:44:40,800 --> 00:44:44,920 regulatory framework and oversight of the Bitcoin 775 00:44:44,960 --> 00:44:49,520 ecosystem and limiting public exposure to Bitcoin. 776 00:44:50,360 --> 00:44:53,360 You know what I got to say? It's the same thing that I told 777 00:44:53,360 --> 00:44:55,840 you guys yesterday when we were talking about the death of the 778 00:44:55,840 --> 00:44:59,240 legacy media. Projection, projection, 779 00:44:59,280 --> 00:45:01,880 projection, projection, projection. 780 00:45:02,080 --> 00:45:05,960 They project on to us what it is they are guilty of themselves. 781 00:45:06,200 --> 00:45:08,280 You know what? I'm going to replace some words 782 00:45:08,280 --> 00:45:12,320 in this article. What we recommend is a narrowing 783 00:45:12,320 --> 00:45:16,640 of the scope of the Fiat law, strengthening the regulatory 784 00:45:16,640 --> 00:45:21,200 framework and oversight of the Fiat ecosystem and limiting 785 00:45:21,280 --> 00:45:27,440 public sector exposure to Fiat. Right, 'cause like, I mean like 786 00:45:27,760 --> 00:45:30,920 I, I showed you guys, we showed you guys priced in Bitcoin. 787 00:45:31,360 --> 00:45:34,120 If you've been saving in Bitcoin, life has been getting 788 00:45:34,120 --> 00:45:36,240 cheaper. If you've been saving in in 789 00:45:36,240 --> 00:45:39,440 Fiat, life has been getting more expensive. 790 00:45:39,960 --> 00:45:44,120 What is more dangerous to the public, Fiat or Bitcoin? 791 00:45:44,600 --> 00:45:49,240 It's obviously Fiat. But if you've built this giant 792 00:45:49,240 --> 00:45:53,480 bureaucracy whose job and livelihood depends on the 793 00:45:53,480 --> 00:45:58,240 continuation of this system, of course they're not going to tell 794 00:45:58,240 --> 00:45:59,800 you that. Of course they're going to tell 795 00:45:59,800 --> 00:46:02,560 you the exact opposite. But the beautiful thing about 796 00:46:02,560 --> 00:46:06,400 number go up, and the beautiful thing about Bitcoin is that it 797 00:46:06,400 --> 00:46:09,760 exposes incentives. So they dropped this article 798 00:46:09,760 --> 00:46:16,240 October 3rd, 2024, and shortly after, very, very poetically, 799 00:46:17,600 --> 00:46:22,640 Naimbu Kelly says I told you so. And why did he say I told you 800 00:46:22,640 --> 00:46:26,560 so? Well, El Salvador now owns $500 801 00:46:26,720 --> 00:46:31,440 million worth of Bitcoin. Bitcoin country is winning. 802 00:46:31,600 --> 00:46:36,600 And by the way, he's doubled. He started buying one Bitcoin 803 00:46:36,600 --> 00:46:41,360 every day since Bitcoin bottomed at $16,000. 804 00:46:41,680 --> 00:46:46,520 So he's doubled his country's Bitcoin reserves. 805 00:46:46,800 --> 00:46:51,440 He made the reserve public so that everyone could audit what 806 00:46:51,440 --> 00:46:55,320 El Salvador's Bitcoin reserves are, unlike the United States 807 00:46:55,320 --> 00:47:00,120 gold reserves. So again, the IMF, basically any 808 00:47:00,120 --> 00:47:04,200 country that is criticizing El Salvador, you are projecting 809 00:47:04,200 --> 00:47:07,400 onto El Salvador what it is. You know you are guilty of 810 00:47:07,400 --> 00:47:10,720 themselves, what you are guilty of yourself. 811 00:47:10,960 --> 00:47:13,680 Shame on you. And until you make your reserves 812 00:47:13,680 --> 00:47:18,280 public, until you match the standards that have been set by 813 00:47:18,280 --> 00:47:21,960 El Salvador, I, I, I don't want to hear about it because you 814 00:47:21,960 --> 00:47:24,880 know what? They always tell us that, hey, 815 00:47:24,960 --> 00:47:27,920 you need the IMF. They always tell us that, hey, 816 00:47:28,080 --> 00:47:30,960 you need to, you know, go in this certain direction. 817 00:47:31,280 --> 00:47:35,000 Naimbu Kelly didn't listen. Naimbu Kelly went in there. 818 00:47:35,160 --> 00:47:39,200 He cleaned up one of the most dangerous countries in South 819 00:47:39,200 --> 00:47:43,400 America in record time. The GDP is exploding. 820 00:47:43,640 --> 00:47:48,360 Tourism is exploding. Hope in people is coming back. 821 00:47:48,680 --> 00:47:52,400 I mean, like, isn't that the whole point of government? 822 00:47:52,800 --> 00:47:55,920 The whole point of government is to protect private property. 823 00:47:55,920 --> 00:47:59,200 The whole point of government is to protect the safety of the 824 00:47:59,200 --> 00:48:02,280 people. And it seems like government is 825 00:48:02,280 --> 00:48:05,640 not concerned about that. Government is more concerned 826 00:48:05,640 --> 00:48:12,640 about these crazy, you know, social programs, top down 827 00:48:12,640 --> 00:48:16,080 control programs. I would say it's about control. 828 00:48:16,240 --> 00:48:20,200 Government is more concerned about keeping control over their 829 00:48:20,200 --> 00:48:24,840 populace rather than actually providing the value of which 830 00:48:24,840 --> 00:48:29,160 we're paying for as taxpayers. And that is a complete 831 00:48:29,160 --> 00:48:31,760 injustice. And this is the last thing I'll 832 00:48:31,760 --> 00:48:33,600 say before I hand it off to Opti. 833 00:48:34,040 --> 00:48:37,400 The IMF said El Salvador adopting Bitcoin would lead to 834 00:48:37,400 --> 00:48:42,640 financial stability. Well, eat that IMF 'cause you 835 00:48:42,640 --> 00:48:45,720 got that incredibly wrong. Like just like you've got in 836 00:48:45,720 --> 00:48:49,040 everything incredibly wrong for the last couple of decades. 837 00:48:49,240 --> 00:48:51,680 You know what? You can hide behind this 838 00:48:51,680 --> 00:48:56,320 legitimacy of this real really crazy emblem and we are at the 839 00:48:56,320 --> 00:49:00,640 IMF and you know, we wear suits and you know, I, I'm Christy 840 00:49:00,640 --> 00:49:03,440 Lagarde and I was the head of the IMF and you have to take us 841 00:49:03,440 --> 00:49:06,360 seriously because you know, these Bitcoin shenanigans are 842 00:49:06,360 --> 00:49:08,560 this, you know what, shut the fuck up. 843 00:49:08,840 --> 00:49:12,960 The proof is in the pudding. Bitcoin is obviously superior. 844 00:49:13,080 --> 00:49:16,280 Bitcoin is better. Bitcoin is obviously giving 845 00:49:16,280 --> 00:49:20,320 people hope, prosperity, opportunity to the people. 846 00:49:20,400 --> 00:49:24,840 And what have you guys done other than enslave of humanity a 847 00:49:24,840 --> 00:49:28,080 new form of neo colonialism? That's the way that I see it. 848 00:49:28,240 --> 00:49:32,440 Look, if these IMF loans have worked, how come you you've 849 00:49:32,440 --> 00:49:37,360 given Argentina like 5 or 6 and they still went through 850 00:49:37,360 --> 00:49:40,920 hyperinflation multiple times? You've done this to other 851 00:49:40,920 --> 00:49:44,480 developing countries in Africa. You've done this to other 852 00:49:44,480 --> 00:49:47,880 developing countries in South America and it still hasn't 853 00:49:47,880 --> 00:49:50,440 worked. So maybe it's time to try 854 00:49:50,440 --> 00:49:52,800 something new. And like, do I think it's a 855 00:49:52,800 --> 00:49:55,960 coincidence that the first country that really tried 856 00:49:55,960 --> 00:50:00,120 something new and adopted a Bitcoin standard is not only 857 00:50:00,120 --> 00:50:03,120 succeeding, but flourishing? No, I don't think it's a 858 00:50:03,120 --> 00:50:06,320 coincidence because I know what Bitcoin's done to my life. 859 00:50:06,400 --> 00:50:08,080 I know what Bitcoin's done to Opti's life. 860 00:50:08,240 --> 00:50:09,920 I know what Bitcoin's done to my company. 861 00:50:10,080 --> 00:50:12,880 I know what Bitcoin's done to Michael Saylor's company. 862 00:50:13,000 --> 00:50:16,280 Do you think it's a coincidence that the first company that 863 00:50:16,280 --> 00:50:21,200 adopted a Bitcoin standard is outperforming the rest of the 864 00:50:21,200 --> 00:50:24,960 S&P 500? No, this is Bitcoin. 865 00:50:25,000 --> 00:50:27,880 Bitcoin is a cheat code. Anyways, Opti, I feel a little 866 00:50:27,880 --> 00:50:30,960 bit passionate today, feel a little bit riled up. 867 00:50:31,120 --> 00:50:36,680 But I mean, this is absolute vindication by Naimbu Kele from 868 00:50:36,680 --> 00:50:39,480 the monetary demons. And we're just going to continue 869 00:50:39,480 --> 00:50:41,640 to win. I mean, Trump's speech just 870 00:50:41,640 --> 00:50:44,760 keeps going on in my head. What you We're going to win so 871 00:50:44,760 --> 00:50:46,280 hard. You guys are going to get tired 872 00:50:46,280 --> 00:50:48,280 of winning. Was he talking about Bitcoin 873 00:50:48,280 --> 00:50:52,400 when he was saying Opti love it, love it? 874 00:50:52,760 --> 00:50:55,840 Yeah, I mean, look, we've been covering this all year, actually 875 00:50:55,880 --> 00:50:59,480 for years now about the attacks from not only the IMF, but of 876 00:50:59,480 --> 00:51:02,880 course, the corporate press. And it really all boils down to 877 00:51:02,880 --> 00:51:05,720 one thing, especially now that Naibu Kelly has been vindicated. 878 00:51:05,720 --> 00:51:09,120 Remember, El Salvador's country has AGDP of 32 billion. 879 00:51:09,120 --> 00:51:12,000 Their Bitcoin holdings are, you know, north of 500 million now, 880 00:51:12,000 --> 00:51:15,400 like that's a significant portion of of their wealth in 881 00:51:15,400 --> 00:51:17,240 Bitcoin, and it's only going to increase. 882 00:51:17,240 --> 00:51:18,880 They're still stacking one Bitcoin a day. 883 00:51:19,240 --> 00:51:21,080 And we've been saying this for a while. 884 00:51:21,080 --> 00:51:24,240 And I think it's becoming truer and truer every single day as El 885 00:51:24,240 --> 00:51:28,640 Salvador does succeed that the IMF, of course, you know, like, 886 00:51:28,640 --> 00:51:31,600 let's, let's not ignore the fact that they use mafia tactics on 887 00:51:31,600 --> 00:51:33,960 countries out here, get them in debt and be like, we're here for 888 00:51:33,960 --> 00:51:37,080 your protection. And yet they do the exact 889 00:51:37,160 --> 00:51:38,920 opposite. They pretty much extract 890 00:51:38,920 --> 00:51:41,760 resources. Now we're seeing that what we're 891 00:51:41,760 --> 00:51:44,480 seeing from the IMF and corporate press in general is 892 00:51:44,480 --> 00:51:49,720 that this freak out has, I think only one real reason is they 893 00:51:49,720 --> 00:51:52,960 don't want other people to follow the lead of Naibu Kelly 894 00:51:52,960 --> 00:51:55,040 and El Salvador. And of course, they don't want 895 00:51:55,040 --> 00:51:58,120 the Bitcoin standard to expand to other countries because then 896 00:51:58,120 --> 00:52:00,240 they lose their power with these IMF loans. 897 00:52:00,560 --> 00:52:03,520 And This is why you're seeing them go out, go all in on these 898 00:52:03,520 --> 00:52:05,440 attacks. I mean, Nika, you mentioned it 899 00:52:05,520 --> 00:52:08,000 in that tweet. We found it super hilarious at 900 00:52:08,000 --> 00:52:10,760 some point this year when they were saying like, oh, El 901 00:52:10,760 --> 00:52:12,760 Salvador is going to be in financial trouble. 902 00:52:12,760 --> 00:52:15,560 And they've never been better in their existence. 903 00:52:15,560 --> 00:52:18,880 And it of course is due in part because of their Bitcoin 904 00:52:18,880 --> 00:52:21,120 strategy. And now we're seeing that it's, 905 00:52:21,160 --> 00:52:24,000 it's undeniable out there that you need to have a Bitcoin 906 00:52:24,000 --> 00:52:26,000 strategy. You don't need to take these 907 00:52:26,000 --> 00:52:27,640 loans. I mean, unless, unless they do 908 00:52:27,640 --> 00:52:30,160 something like take the loans and stack Bitcoin, then maybe 909 00:52:30,440 --> 00:52:33,240 maybe that'll pay itself off, you know, maybe that'll be a 910 00:52:33,240 --> 00:52:33,720 good. Move. 911 00:52:33,720 --> 00:52:35,440 I'm pretty sure that's a condition. 912 00:52:35,600 --> 00:52:39,520 Literally a condition, but hey, you know, a boy can hope, but it 913 00:52:39,520 --> 00:52:42,080 is just it's absolutely incredible, especially here. 914 00:52:42,200 --> 00:52:44,240 You know, we're in El Salvador today. 915 00:52:44,520 --> 00:52:46,480 It's been super cool to come down to El Salvador. 916 00:52:46,480 --> 00:52:50,000 The Bitcoin price is pumping. Of course, El Salvador go or 917 00:52:50,000 --> 00:52:52,560 it's not a sorry, naive Kelly goes on Twitter. 918 00:52:52,560 --> 00:52:56,800 I told you so we're starting to get into the point where us 919 00:52:56,800 --> 00:52:59,840 bitcoiners are going to have to do our best to stay humble 920 00:52:59,840 --> 00:53:03,360 because there is going to be a lot of I told you so is coming 921 00:53:03,360 --> 00:53:06,400 up, especially on a personal level, telling your family like 922 00:53:06,400 --> 00:53:08,840 I told you so you should still buy Bitcoin. 923 00:53:09,000 --> 00:53:12,640 We're seeing naive, but Kelly do this on a global scale, bigger 924 00:53:12,640 --> 00:53:15,040 scale than most of us would do in our personal lives. 925 00:53:15,320 --> 00:53:18,280 But yeah, it it's sweet, sweet victory and it feels really good 926 00:53:18,280 --> 00:53:20,920 to be a bitcoiner today. Obviously next year it's going 927 00:53:20,920 --> 00:53:24,720 to feel even better if the price goes to where we believe it's 928 00:53:24,720 --> 00:53:27,320 going to be. But with that being said, and 929 00:53:27,320 --> 00:53:30,040 this is going to kind of tail into what I'm going to cover on 930 00:53:30,040 --> 00:53:34,200 the culture today, you are going to see an increase from these 931 00:53:34,200 --> 00:53:37,000 institutions attacking Bitcoin strategies, attacking El 932 00:53:37,000 --> 00:53:40,720 Salvador as the price goes up, attacking Bitcoiners in general, 933 00:53:40,920 --> 00:53:42,920 which is kind of what I'm going to cover in the culture. 934 00:53:43,040 --> 00:53:46,840 So it is, while it's one of these victory laps, I think it's 935 00:53:46,840 --> 00:53:49,440 very important for us to keep our heads on a swivel and 936 00:53:49,440 --> 00:53:51,800 understand where the attacks are going to come. 937 00:53:51,960 --> 00:53:55,320 At first they attacked us for being, what was it, a financial 938 00:53:55,320 --> 00:53:57,880 illiterate, psychopaths or whatever. 939 00:53:58,200 --> 00:54:00,560 And now they're going to attack us for winning too hard. 940 00:54:00,560 --> 00:54:05,520 So we see the trend, obviously, kudos to Naibukele and the whole 941 00:54:05,520 --> 00:54:09,120 nation of El Salvador. And it's just it feels so good, 942 00:54:09,120 --> 00:54:12,160 especially, you know, El Salvador translation, the 943 00:54:12,160 --> 00:54:15,200 savior. It's the, it's no coincidence, 944 00:54:15,440 --> 00:54:18,440 you know, maybe we do live in a simulation because life is memes 945 00:54:18,440 --> 00:54:20,920 and memes is life. And the first country to adopt 946 00:54:20,920 --> 00:54:23,120 Bitcoin is literally called the savior. 947 00:54:23,280 --> 00:54:26,000 And it's just proven to the world that Bitcoin is your 948 00:54:26,000 --> 00:54:28,040 personal savior on a financial level. 949 00:54:28,120 --> 00:54:30,920 Absolutely, absolutely. Alright everybody, before we 950 00:54:30,920 --> 00:54:36,480 move on to the culture, I do want to give a very a special 951 00:54:36,480 --> 00:54:39,520 shout out to Simply Bitcoins new partners. 952 00:54:39,520 --> 00:54:42,720 I'm going to go through them real really quick 'cause we 953 00:54:42,720 --> 00:54:47,080 haven't started with them yet. But first, Hive guys, go check 954 00:54:47,080 --> 00:54:49,600 out Hive. I want to give a very special 955 00:54:49,600 --> 00:54:52,880 shout out. As the first ever public miner, 956 00:54:52,880 --> 00:54:56,240 Hive has been battle tested through every possible market. 957 00:54:56,400 --> 00:54:59,840 And as the first with an AI strategy, Hive continues to 958 00:54:59,840 --> 00:55:03,120 redefine the future of sustainable computing. 959 00:55:03,680 --> 00:55:05,760 Got to also casually drop this in here. 960 00:55:05,760 --> 00:55:10,440 Hive consistently chops the industry in Bitcoin mined per XA 961 00:55:10,440 --> 00:55:12,760 hash. They're lean and mean, they're 962 00:55:12,760 --> 00:55:15,200 green and clean, and they're changing the game. 963 00:55:15,360 --> 00:55:20,720 Learn more by following them at Hive Digital Tech on X or at 964 00:55:20,720 --> 00:55:24,600 Hive digitaltech.com. You can check out their Twitter 965 00:55:24,640 --> 00:55:28,240 on the NASDAQ, or you can check out their ticker on the NASDAQ 966 00:55:28,400 --> 00:55:30,600 Hive. Also, I want to give a shout out 967 00:55:30,760 --> 00:55:33,200 to Bitblock Boom. We're going to be doing the 968 00:55:33,200 --> 00:55:36,000 production for them this year again, so if you guys want to 969 00:55:36,000 --> 00:55:39,440 see us in the flesh, you want you guys want to talk to us, the 970 00:55:39,440 --> 00:55:41,840 whole simply Bitcoin crew. Dante's going to be there, 971 00:55:41,840 --> 00:55:44,040 Ruston's going to be there, Jacob's going to be there, 972 00:55:44,080 --> 00:55:46,360 Opti's going to be there. I'm going to be there as well. 973 00:55:46,360 --> 00:55:48,960 We're going to be doing the live stream for for them as well. 974 00:55:49,160 --> 00:55:52,160 Go get your tickets for Bit Block Boom. 975 00:55:52,360 --> 00:55:55,480 Get your tickets quickly because the prices do increase. 976 00:55:55,640 --> 00:56:02,680 It's going to be April 3rd, 4th, 5th and 6th 2025 in Dallas, TX. 977 00:56:02,760 --> 00:56:07,200 So go to bitblockboom com today. All right everybody, let's get 978 00:56:07,200 --> 00:56:09,560 to the culture. We have a ton to talk about. 979 00:56:09,560 --> 00:56:11,200 Let's check it out. Here we go. 980 00:56:23,600 --> 00:56:26,120 Alright everybody, I do want to give a shout out to our sponsor, 981 00:56:26,120 --> 00:56:29,480 the Orange Pull App Stack. Friends who stack sats join the 982 00:56:29,600 --> 00:56:34,240 13,629 Bitcoiners that are currently on the app. 983 00:56:34,240 --> 00:56:37,200 The Orange Pull app is the Bitcoin social layer. 984 00:56:37,200 --> 00:56:40,040 To get started, scan the QR code or check the link in the video 985 00:56:40,040 --> 00:56:42,800 description. That will take you directly to 986 00:56:42,840 --> 00:56:46,720 the Orange Pull app website where you can download the app 987 00:56:46,720 --> 00:56:49,640 on the App Store on iOS or Google Android. 988 00:56:49,800 --> 00:56:54,400 Anyways, so the Orange Pull app allows you to send messages to 989 00:56:54,560 --> 00:56:56,960 fellow Bitcoiners that are near you. 990 00:56:57,160 --> 00:57:00,040 So let's say you're traveling, you're in town for perhaps 991 00:57:00,040 --> 00:57:02,240 you're in El Salvador for adopting Bitcoin that's coming 992 00:57:02,240 --> 00:57:05,520 up this Friday and Saturday. You download the Orange Pull app 993 00:57:05,560 --> 00:57:09,560 and it gives you the ability to send messages to Bitcoiners that 994 00:57:09,560 --> 00:57:13,280 are near you geographically so that you can connect with them. 995 00:57:13,600 --> 00:57:18,000 Build up that Bitcoiner Rolodex stack friends who stack sats. 996 00:57:18,200 --> 00:57:19,840 Download the orange pull app today. 997 00:57:20,040 --> 00:57:24,400 Scan the QR code or check the link to get started. 998 00:57:24,400 --> 00:57:25,880 Anyways, I'm gonna pass it on to Opti. 999 00:57:25,880 --> 00:57:29,320 I don't even know what the cultures like culture is today 1000 00:57:29,320 --> 00:57:30,800 man. What do you have in store? 1001 00:57:30,800 --> 00:57:34,520 For us, yeah, man, I think, I don't think Niko saw this new 1002 00:57:34,520 --> 00:57:37,360 story, but I but I thought I'd be like, it'd be a missed 1003 00:57:37,360 --> 00:57:40,440 opportunity if we didn't cover this today, considering that 1004 00:57:40,440 --> 00:57:44,080 we've seen exactly what I've been saying would happen for the 1005 00:57:44,080 --> 00:57:47,120 last couple of weeks. Is this idea that as Bitcoin 1006 00:57:47,120 --> 00:57:50,760 starts to succeed, you're going to see a narrative shift from, 1007 00:57:50,960 --> 00:57:53,560 hey, maybe we need to outlaw Bitcoin to wait. 1008 00:57:53,560 --> 00:57:57,400 Maybe we need to demonize the Bitcoiners for taking the risk 1009 00:57:57,400 --> 00:58:00,440 and winning so hard. And on this note, this is really 1010 00:58:00,440 --> 00:58:03,200 touching on the ECB paper that was dropped. 1011 00:58:03,360 --> 00:58:07,680 Was it like a month ago? This is the turd of Easter bro. 1012 00:58:07,720 --> 00:58:13,160 Oh man, I can't wait for. This, so Nico, he saw it, but 1013 00:58:13,160 --> 00:58:15,600 this is something I think, I'm pretty sure I mentioned this 1014 00:58:15,600 --> 00:58:18,880 yesterday, that as we move forward and Bitcoin does get 1015 00:58:18,880 --> 00:58:21,360 adopted, the price does run really high. 1016 00:58:21,640 --> 00:58:25,280 You're going to see a narrative shift and for lack of better 1017 00:58:25,280 --> 00:58:28,520 terms, the mob get turned against Bitcoiners winning so 1018 00:58:28,520 --> 00:58:30,160 hard. And this is something I've been 1019 00:58:30,160 --> 00:58:33,280 saying for a while that we definitely need to be weary of 1020 00:58:33,360 --> 00:58:37,080 moving forward because as the Bitcoin price moves forward, we 1021 00:58:37,080 --> 00:58:39,480 know what the collectivists are going to think about Bitcoiners. 1022 00:58:39,480 --> 00:58:43,160 You know, that it's, it's not fair that they got lucky and 1023 00:58:43,160 --> 00:58:45,840 they bought Bitcoin. You know, maybe we need to take 1024 00:58:45,840 --> 00:58:47,440 their property. We need to tax them. 1025 00:58:47,640 --> 00:58:52,040 Well, let's break down the ECB report, literally bombshell 1026 00:58:52,040 --> 00:58:54,600 twist that the ECB report just dropped. 1027 00:58:54,840 --> 00:58:58,240 And remember, the ECB dropped the report November 4th. 1028 00:58:58,440 --> 00:59:01,720 And they had, they did this whole paper outlining Bitcoin, 1029 00:59:01,720 --> 00:59:05,320 the risk of Bitcoin. And then they made a very silent 1030 00:59:05,320 --> 00:59:09,480 shift since Donald Trump is to be the president-elect. 1031 00:59:09,480 --> 00:59:13,000 And so breaking this down, we have the original ECB paper or 1032 00:59:13,000 --> 00:59:14,480 sorry, correction, it was in October. 1033 00:59:14,800 --> 00:59:18,320 The original ECB paper. They finished up the paper with 1034 00:59:18,600 --> 00:59:21,960 this sentence. In any case, current non holders 1035 00:59:21,960 --> 00:59:24,800 should realize that they have compelling reasons to oppose 1036 00:59:24,800 --> 00:59:28,200 Bitcoin and advocate for legislation against it, aiming 1037 00:59:28,200 --> 00:59:31,400 to prevent Bitcoin prices from rising or to see Bitcoin 1038 00:59:31,400 --> 00:59:34,680 disappear altogether. Latecomers and non holders and 1039 00:59:34,680 --> 00:59:38,040 their political representatives should emphasize that the idea 1040 00:59:38,040 --> 00:59:41,240 of Bitcoin as an investment relies on redistribution at 1041 00:59:41,240 --> 00:59:43,800 their expense. Failing to do so could skew 1042 00:59:43,800 --> 00:59:47,200 election results in favor of politicians who advocate pro 1043 00:59:47,200 --> 00:59:51,440 Bitcoin policies, implying wealth redistribution and 1044 00:59:51,440 --> 00:59:55,960 fueling the division of society. Now Trump got elected or is to 1045 00:59:55,960 --> 00:59:58,320 be you know, he's the president-elect right now. 1046 00:59:58,320 --> 01:00:00,520 He's going to get in office in about a month or so. 1047 01:00:00,880 --> 01:00:05,440 And they switched up the ending of the paper very silently from 1048 01:00:05,440 --> 01:00:09,360 that last sentence to this. In any case, current non holders 1049 01:00:09,360 --> 01:00:12,560 should realize that they have reasons to worry about Bitcoin 1050 01:00:12,560 --> 01:00:16,160 and legislations favoring it. Latecomers and non holders and 1051 01:00:16,160 --> 01:00:18,480 their political representatives should emphasize that the. 1052 01:00:18,600 --> 01:00:21,960 Idea of Bitcoin as an investment relies on redistribution at 1053 01:00:21,960 --> 01:00:24,160 their expense. Failing to do so could skew 1054 01:00:24,160 --> 01:00:27,040 election results in favor of politicians who advocate pro 1055 01:00:27,040 --> 01:00:30,840 Bitcoin policies fueling the division of society. 1056 01:00:31,080 --> 01:00:34,680 Now we've talked about this constantly on the show, this 1057 01:00:34,680 --> 01:00:38,320 idea that the Fiat apocalypse, you know, all the the Fiat 1058 01:00:38,320 --> 01:00:42,080 controllers, the Cantillon insiders, they've been blaming 1059 01:00:42,080 --> 01:00:45,120 Bitcoin for the problems of Fiat currencies and the fact that 1060 01:00:45,120 --> 01:00:46,520 they're debasing their currencies. 1061 01:00:46,880 --> 01:00:48,840 And instead of taking responsibility, they're like, 1062 01:00:48,840 --> 01:00:50,920 look, those bit corners are to blame. 1063 01:00:51,200 --> 01:00:54,560 And now that we're seeing Bitcoin as a movement start to, 1064 01:00:54,560 --> 01:00:57,960 you know, embed themselves with politicians and politics landing 1065 01:00:57,960 --> 01:01:01,480 on our door. We all saw the huge crypto pack 1066 01:01:01,480 --> 01:01:04,600 or Bitcoin pack that David Bailey in Bitcoin magazine push. 1067 01:01:05,400 --> 01:01:08,080 You know, you could argue we did semi influence this year's 1068 01:01:08,080 --> 01:01:10,840 election. Now they silently change their 1069 01:01:10,840 --> 01:01:14,200 riding to wait. Let's not talk about what what 1070 01:01:14,200 --> 01:01:17,720 was it? Let's not just hope for Bitcoin 1071 01:01:17,720 --> 01:01:20,200 to disappear. You have reasons to oppose 1072 01:01:20,200 --> 01:01:22,960 Bitcoin and advocate for legislation against Bitcoin 1073 01:01:22,960 --> 01:01:28,000 adoption to now you should worry about advocating for pro Bitcoin 1074 01:01:28,000 --> 01:01:30,560 legislation. So we're seeing that this is 1075 01:01:30,560 --> 01:01:34,520 happening in real time where US winning the Bitcoin price 1076 01:01:34,520 --> 01:01:39,120 running past 6 six figures and Bitcoin adoption starting to 1077 01:01:39,120 --> 01:01:43,360 take place that we are starting to become demonized in saying, 1078 01:01:43,360 --> 01:01:46,760 oh, wait, you know, it was not the problem of opposing Bitcoin. 1079 01:01:46,760 --> 01:01:49,520 Now you got to worry about pro Bitcoin legislation because 1080 01:01:49,520 --> 01:01:51,720 that's the real problem here, not the fact that they are 1081 01:01:51,720 --> 01:01:54,680 debasing our currency, that we're all getting broker, that 1082 01:01:54,680 --> 01:01:57,560 we're stuck on the rat race and there's no escape from the Fiat 1083 01:01:57,560 --> 01:01:59,280 apocalypse. And you're, you know, trying to 1084 01:01:59,280 --> 01:02:00,520 find an alternative with Bitcoin. 1085 01:02:00,520 --> 01:02:03,960 It's like, no, the real problem here is advocating for Bitcoin. 1086 01:02:04,120 --> 01:02:07,440 So again, you're starting to see the groundwork being laid to 1087 01:02:07,440 --> 01:02:09,920 demonize Bitcoiners. And I've been saying this for a 1088 01:02:09,920 --> 01:02:13,240 long time that as Bitcoin succeeds, the powers that be, 1089 01:02:13,240 --> 01:02:16,560 the corporate press, you know, the anti Bitcoin, what's a 1090 01:02:16,680 --> 01:02:19,720 Elizabeth anti crypto army out there is going to roll 1091 01:02:19,720 --> 01:02:23,720 themselves out and basically say, hey, Bitcoin is winning too 1092 01:02:23,720 --> 01:02:25,720 hard. We have to do something about 1093 01:02:25,720 --> 01:02:27,560 this. We have to slow down Bitcoin 1094 01:02:27,560 --> 01:02:29,600 adoption. And we've been talking about 1095 01:02:29,600 --> 01:02:33,120 this on the show for a long time that if you read between the, 1096 01:02:33,200 --> 01:02:36,880 the, the lines in between the writing, you're seeing that the 1097 01:02:36,880 --> 01:02:40,160 powers that be are actively trying to slow down Bitcoin 1098 01:02:40,160 --> 01:02:42,800 adoption. Of course, this is the ECB, this 1099 01:02:42,800 --> 01:02:45,880 is in Europe, US in America. You know, you can just see the 1100 01:02:45,880 --> 01:02:48,520 writing on the wall that eventually this will come and be 1101 01:02:48,520 --> 01:02:51,960 exported into America and of course, everywhere else that 1102 01:02:51,960 --> 01:02:55,520 wants to maintain their Fiat chokehold on us. 1103 01:02:55,720 --> 01:02:58,520 But it is very interesting that we're seeing the narrative shift 1104 01:02:58,520 --> 01:03:01,920 so quickly and silently that, hey, it's not enough to oppose 1105 01:03:01,920 --> 01:03:04,080 Bitcoin. You got to be very, very 1106 01:03:04,080 --> 01:03:07,280 concerned about pro Bitcoin legislation and we all know 1107 01:03:07,280 --> 01:03:10,400 where this will eventually end if we don't get ahead of it and 1108 01:03:10,400 --> 01:03:14,000 say like, no, I am not for this. I am actively against this. 1109 01:03:14,720 --> 01:03:17,480 They're probably not only going to talk about taxing your 1110 01:03:17,480 --> 01:03:21,080 Bitcoin, but maybe outright stealing and taking your 1111 01:03:21,080 --> 01:03:22,840 property, which is of course Bitcoin. 1112 01:03:22,840 --> 01:03:25,720 So I find it very interesting that we're already here. 1113 01:03:25,880 --> 01:03:28,440 We're I think we're ahead of schedule on what I was saying, 1114 01:03:28,440 --> 01:03:31,720 but the next 5 to 10 years isn't going to be all rosy of us just 1115 01:03:31,720 --> 01:03:35,200 winning, getting richer. We have to be very, very 1116 01:03:35,400 --> 01:03:39,440 concern, keep our heads on a swivel that the Bitcoin network 1117 01:03:39,440 --> 01:03:41,880 doesn't get silently Co opted. Of course, we've seen the 1118 01:03:41,880 --> 01:03:44,600 operation choke .2 point O and what they've tried to do there. 1119 01:03:44,960 --> 01:03:47,600 Now we're seeing the narrative shift towards demonizing 1120 01:03:47,600 --> 01:03:49,360 bitcoiners. They've tried it in the past. 1121 01:03:49,560 --> 01:03:53,080 We know it's not going away, but I find it very interesting that 1122 01:03:53,080 --> 01:03:57,080 the ECB just silently changed the last sentence on Bitcoin 1123 01:03:57,080 --> 01:03:59,800 ever since Trump came in and is like, yeah, we're pro Bitcoin. 1124 01:04:00,120 --> 01:04:03,400 So now again, this kind of does relate to what we saw from the 1125 01:04:03,400 --> 01:04:08,760 IMF obviously demonizing and we're starting to see this 1126 01:04:08,760 --> 01:04:13,480 narrative continue everywhere. So guys, winning is awesome. 1127 01:04:13,840 --> 01:04:16,480 We continue to win Bitcoins going to continue to win. 1128 01:04:16,720 --> 01:04:19,880 But we have to be very concerned out here and push back against 1129 01:04:19,880 --> 01:04:22,600 these narratives that we're the bad guys for taking the risk 1130 01:04:22,760 --> 01:04:25,960 saving in Bitcoin, putting our hard earned wealth in Bitcoin. 1131 01:04:26,160 --> 01:04:28,760 And of course, profiting off on top of it. 1132 01:04:28,760 --> 01:04:31,400 And it's not a redistribution. Well, it depends who the 1133 01:04:31,400 --> 01:04:34,640 redistribution people are. Obviously, the ECB paper is 1134 01:04:34,640 --> 01:04:37,320 saying that we're basically redistributing wealth from the 1135 01:04:37,320 --> 01:04:40,320 lower and middle classes when in reality, we're just defunding 1136 01:04:40,320 --> 01:04:42,800 the Cantillon insiders, defunding the great Leviathan. 1137 01:04:42,800 --> 01:04:45,600 So very interesting stuff that we're seeing develop. 1138 01:04:46,040 --> 01:04:55,590 But Nico. I mean, so like people don't 1139 01:04:55,590 --> 01:04:59,310 understand this, but like Europe is essentially funded by the 1140 01:04:59,310 --> 01:05:04,080 United States. Like the, the, the, the, the, 1141 01:05:04,240 --> 01:05:08,080 whether it's defense, whatever, whatever you, you want to call 1142 01:05:08,080 --> 01:05:11,200 it, the United States essentially kind of bankrolls 1143 01:05:11,280 --> 01:05:14,120 Europe. And because it bankrolls Europe, 1144 01:05:15,400 --> 01:05:18,000 the US government has a tremendous amount of influence 1145 01:05:18,360 --> 01:05:23,160 on not only European policy, but European politics. 1146 01:05:23,520 --> 01:05:32,080 So when they, you know, there's a lot of talk of, of European, 1147 01:05:32,080 --> 01:05:37,400 the, the Brussels, which is the, the head of the European Union 1148 01:05:37,480 --> 01:05:40,920 legislative body, they are essentially putting a lot of 1149 01:05:40,920 --> 01:05:46,280 pressure on Elon to kind of censor because Europe has, they 1150 01:05:46,280 --> 01:05:48,600 don't have the first minute like here in the United States. 1151 01:05:49,280 --> 01:05:52,840 And you know, as soon as the Trump administration comes in, 1152 01:05:52,880 --> 01:05:55,400 they're going to go in there and forget about it, forget about 1153 01:05:55,400 --> 01:05:57,560 the censorship of, of Twitter, going after Twitter. 1154 01:05:57,560 --> 01:05:58,720 That's not going to happen anymore. 1155 01:05:59,920 --> 01:06:02,760 So just to kind of give you guys a little bit of the, the 1156 01:06:02,760 --> 01:06:07,680 political context. Does it surprise me at all 1157 01:06:07,680 --> 01:06:12,560 whatsoever that the ECB is kind of walking back their, their 1158 01:06:12,560 --> 01:06:17,640 talk on, on Bitcoin as the Trump administration is, is, is is 1159 01:06:17,640 --> 01:06:21,600 going into, into power in, in, in January, January 20th of 1160 01:06:21,600 --> 01:06:23,120 2025. No, not at all. 1161 01:06:23,120 --> 01:06:26,000 They're walking it back. These are bureaucrats watching 1162 01:06:26,000 --> 01:06:30,440 their behinds because they know that the Trump administration is 1163 01:06:30,760 --> 01:06:34,600 a pro Bitcoin administration. So that's what's happening. 1164 01:06:35,680 --> 01:06:40,160 And that's why this election was so important on a worldwide 1165 01:06:40,160 --> 01:06:43,120 scale, at least from a regulatory perspective. 1166 01:06:43,120 --> 01:06:46,720 Because make no mistake, if Kamala would have won, not only 1167 01:06:46,720 --> 01:06:51,960 would we have seen a dump, but the in what I, what I would 1168 01:06:51,960 --> 01:06:55,280 suspect, maybe not as bad as Biden, but this kind of like 1169 01:06:55,280 --> 01:06:58,800 hostile regulatory environment would have continued. 1170 01:06:58,800 --> 01:07:01,320 Gary Gensler would not have been fired right? 1171 01:07:01,680 --> 01:07:03,960 In Europe. It would have continued as well. 1172 01:07:04,120 --> 01:07:09,600 So, you know, the United States is by far the wealthiest country 1173 01:07:09,600 --> 01:07:13,560 on planet Earth, but it's also one of the most influential 1174 01:07:13,560 --> 01:07:17,800 countries on planet Earth from a cultural perspective, from a 1175 01:07:17,800 --> 01:07:21,840 financial perspective, and also from an innovative perspective. 1176 01:07:21,840 --> 01:07:26,480 I mean, you know, you're most likely using an iPhone or an 1177 01:07:26,480 --> 01:07:30,480 Android device. Those are both American 1178 01:07:30,480 --> 01:07:32,440 companies coming out of California. 1179 01:07:33,120 --> 01:07:38,040 So like most kind of big tech, whether it's Google, Facebook, 1180 01:07:38,040 --> 01:07:41,200 Tesla, you know, all those innovations are coming from the 1181 01:07:41,200 --> 01:07:44,080 United States. the United States has a tremendous amount of 1182 01:07:44,080 --> 01:07:46,600 influence. So does it surprise me that the 1183 01:07:47,040 --> 01:07:52,680 ECB is, is walking back their, their rhetoric on, on Bitcoin? 1184 01:07:52,680 --> 01:07:57,480 No, not not at all. But they're just hoping that in 1185 01:07:57,480 --> 01:08:04,720 four years, you know, a, you know, a, a, a non friendly 1186 01:08:05,320 --> 01:08:08,680 towards Bitcoin administration gets back into office so that 1187 01:08:08,680 --> 01:08:11,160 they can just continue where they left off the right now 1188 01:08:11,160 --> 01:08:13,800 they're playing nice because they know that they're 1189 01:08:13,800 --> 01:08:17,600 potentially in trouble. But make no mistake, they did 1190 01:08:17,600 --> 01:08:21,200 not change their minds. They just know that, you know, 1191 01:08:21,359 --> 01:08:26,600 to use Tucker's words, Dad is back in Dad, dad is back in in 1192 01:08:26,600 --> 01:08:31,520 house, Dad is back in town. And they know that these 1193 01:08:31,520 --> 01:08:35,520 bureaucrats are potentially in danger, their jobs are in 1194 01:08:35,520 --> 01:08:37,760 danger. So they're trying to play nice. 1195 01:08:37,760 --> 01:08:40,439 That's what's happening. Do they actually believe this? 1196 01:08:40,560 --> 01:08:43,920 No, they don't believe this. So we have to stay vigilant and 1197 01:08:43,920 --> 01:08:48,560 most importantly, Trump has to keep his end of the bargain, 1198 01:08:48,800 --> 01:08:51,080 right? We were reading it a couple days 1199 01:08:51,080 --> 01:08:53,640 ago. The industry, our industry. 1200 01:08:53,720 --> 01:08:58,760 First of all, we won 48 out of the 48 electric elections, 1201 01:08:59,000 --> 01:09:02,240 Republicans and Democrats for pro Bitcoin candidates. 1202 01:09:02,439 --> 01:09:08,200 We but also as a collective, we donated $100 million to pro 1203 01:09:08,319 --> 01:09:10,920 Bitcoin candidates. That's what the ECB paper was 1204 01:09:10,920 --> 01:09:13,279 talking about. Well, ECB, guess what? 1205 01:09:13,319 --> 01:09:15,439 You got your asses handed to you bro. 1206 01:09:16,479 --> 01:09:18,800 So anyways, yeah. Wait, wait, wait. 1207 01:09:18,800 --> 01:09:21,880 Daddy's. Home and Bitcoin is winning. 1208 01:09:22,279 --> 01:09:24,880 Nico, I do want to add one thing before we wrap up today's show. 1209 01:09:25,399 --> 01:09:29,560 I think another interesting aspect of this is where did that 1210 01:09:29,560 --> 01:09:31,479 command come from? Did it come from, you know, 1211 01:09:31,479 --> 01:09:34,680 Chrissy Lagarde out there there? Was this just a personal stance 1212 01:09:34,680 --> 01:09:37,040 that the author thought that this would be the best move? 1213 01:09:37,319 --> 01:09:40,680 I find it very interesting. I think we could argue that this 1214 01:09:40,680 --> 01:09:43,520 came from the top brass. It came from the top of command 1215 01:09:43,640 --> 01:09:46,880 at the ECB. Change the rhetoric a little bit 1216 01:09:47,040 --> 01:09:49,760 because, hey, we all know, like Nico said, that they are 1217 01:09:49,760 --> 01:09:53,359 actively against Bitcoin because it really destroys their power 1218 01:09:53,359 --> 01:09:55,840 here. So we've argued, actually 1219 01:09:55,880 --> 01:10:00,240 personally, I've argued on this show a lot that I don't think we 1220 01:10:00,240 --> 01:10:03,560 can be naive enough anymore to just think that the powers that 1221 01:10:03,560 --> 01:10:06,680 be don't understand Bitcoin. I think they very clearly 1222 01:10:06,680 --> 01:10:10,200 understand the stakes that are that are at hand right now. 1223 01:10:10,440 --> 01:10:13,120 They don't, They do go out in public, kind of play dumb about 1224 01:10:13,120 --> 01:10:14,480 it. But behind the scenes they are 1225 01:10:14,480 --> 01:10:18,160 actively working on how can we minimize the impact of Bitcoin. 1226 01:10:18,400 --> 01:10:20,640 So that's just a very interesting thought experiment. 1227 01:10:20,640 --> 01:10:22,600 Like where did that change come from? 1228 01:10:22,600 --> 01:10:26,160 Where, Where did the the chain of command start here? 1229 01:10:26,160 --> 01:10:29,000 Was it just the author on his own or is this coming from the 1230 01:10:29,000 --> 01:10:32,640 top brass of the ECB? Which if it does and we do get 1231 01:10:32,640 --> 01:10:35,960 another smoking gun of where it came from, really goes to show 1232 01:10:36,080 --> 01:10:39,840 that they're terrified about Bitcoin, which means, hey, this 1233 01:10:39,840 --> 01:10:42,880 we keep our foot on the gas. We keep spreading Bitcoin, we 1234 01:10:42,960 --> 01:10:45,520 keep trying to get as many people as possible holding 1235 01:10:45,520 --> 01:10:48,480 Bitcoin directly off exchanges in cold storage. 1236 01:10:48,720 --> 01:10:52,000 And this is how we win. So just I, it's absolutely 1237 01:10:52,000 --> 01:10:54,840 incredible that we're seeing this play out so quickly. 100 1238 01:10:54,840 --> 01:10:57,840 percent, 100%. Anyways, it's exciting times 1239 01:10:58,240 --> 01:11:00,960 guys. I hope you enjoyed today's 1240 01:11:00,960 --> 01:11:04,880 episode of simply Bitcoin live streaming from freedom country 1241 01:11:04,880 --> 01:11:08,160 streaming from El Salvador. If you guys enjoyed the show, 1242 01:11:08,160 --> 01:11:10,800 you know to smash the like button, consider subscribing. 1243 01:11:11,040 --> 01:11:13,240 The number one thing you could do to help push this peaceful 1244 01:11:13,240 --> 01:11:17,480 Bitcoin revolution is share Bitcoin content, share Bitcoin 1245 01:11:17,480 --> 01:11:19,640 culture, check out trading cards. 1246 01:11:19,800 --> 01:11:21,960 You know check out the Bitcoin racing team. 1247 01:11:22,280 --> 01:11:24,280 We got to win over the culture. That's the name of the game. 1248 01:11:24,600 --> 01:11:28,160 So guys, the schedule for this week, we will be streaming 1249 01:11:28,640 --> 01:11:31,480 Monday through Thursday. On Friday we will be streaming 1250 01:11:31,480 --> 01:11:34,240 the adopting Bitcoin conference. We'll have amazing interviews 1251 01:11:34,240 --> 01:11:36,880 for you guys on Friday and Saturday. 1252 01:11:36,880 --> 01:11:39,480 RIP me and Opti. And it's going to be a great 1253 01:11:39,480 --> 01:11:41,000 show, great production for you guys. 1254 01:11:41,000 --> 01:11:42,880 You're going to you guys are going to find a ton of value. 1255 01:11:43,040 --> 01:11:46,520 You'll be able to find that live stream on all the simply Bitcoin 1256 01:11:46,520 --> 01:11:50,440 distribution platforms, YouTube, Rumble X, ETC. 1257 01:11:50,600 --> 01:11:53,520 And you'll also be able to find the adopting Bitcoin live stream 1258 01:11:53,520 --> 01:11:56,640 on the adopting Bitcoin Twitter handle and on their YouTube as 1259 01:11:56,640 --> 01:11:57,560 well. Hey, guys. 1260 01:11:57,560 --> 01:11:58,960 Hey. Wait, Nico, I think you misspoke 1261 01:11:58,960 --> 01:12:01,080 a little bit. Guys, we're not gonna have a 1262 01:12:01,080 --> 01:12:06,120 live Simply Bitcoin Live on Friday, but we will have a show 1263 01:12:06,120 --> 01:12:08,160 for you guys tomorrow and Thursday. 1264 01:12:08,160 --> 01:12:10,520 But Friday we're going to be live streaming the the whole 1265 01:12:10,520 --> 01:12:12,800 conference for you guys Friday and Saturday. 1266 01:12:12,840 --> 01:12:15,920 So no live show on Friday. Throw your tomatoes all you 1267 01:12:15,920 --> 01:12:19,160 want, but hey, we got a, we got a job to do down here in El 1268 01:12:19,160 --> 01:12:21,200 Salvador. I mean, bro, it's, you know, 1269 01:12:21,200 --> 01:12:23,840 simply Bitcoin live is is an hour, right? 1270 01:12:24,120 --> 01:12:28,920 We're going to give you guys like 9 hours of pure Bitcoin 1271 01:12:28,920 --> 01:12:30,400 signal. It's going to be absolutely 1272 01:12:30,400 --> 01:12:32,960 great. Anyways guys love you all, We'll 1273 01:12:32,960 --> 01:12:34,680 see you tomorrow. Have a great day. 1274 01:12:34,800 --> 01:12:38,840 Peace out everybody, take care. It's brought to you by 1275 01:12:38,840 --> 01:12:42,920 bitcoinwell.com, a Bitcoin only platform on a mission to enable 1276 01:12:42,920 --> 01:12:44,320 financial independence.