Yo, a new bombshell clip has just dropped, specifically
coming from CNBC that exposes global Bitcoin, nation state
FOMO, something that we've been talking about for a couple
weeks. I mean, incredible.
Also, there was a prediction in this clip as well, $3,000,000
Bitcoin by 2050, which is a little bit bearish in my
opinion. But anyways, let's check out
this clip and then we'll talk about it.
It's a non-us asset, it's an emerging markets asset.
And while we were all hyperventilating about the
election over the last week, BRICS had a conference in
Russia. There's six new members of BRICS
this year. So BRICS GDP is now greater than
the combined GDP of G7. Of the six new members, three of
them, Argentina, the UAE and Ethiopia, are now mining Bitcoin
with government resources. So there is tremendous urgency
outside of the US to find a way to circumvent the irresponsible
fiscal policy that we've been running here in the US.
In fact, Russia announced an initiative, there's sovereign
wealth fund is going to invest in a regional initiative to
build Bitcoin mining and AI infrastructure throughout bricks
with an idea of settling global trade in Bitcoin.
So look, someday, I don't know if it's five years, 10 years,
Putin's going to die. We're going to look to
reintegrate some of these countries into the world
financial system and they're going to be trading with
Bitcoin. What are we going to?
OK. Bro, I mean, starting the week
off strong, Opti, this is something that you and I have
been speculating about, you know, for the last 6-7 months or
so. We've got tremendous amount of
indication. The most bullish one in my
opinion was the Kingdom of Bhutan finding out that they had
1/3 of their entire GDP in Bitcoin, of which they mined
that. None of it, none of none of that
Bitcoin did they acquire in a coercive manner.
And now you have, you know, these giant countries bricks
basically signaling that, hey, you know what, we're going to
mine Bitcoin, we're going to adopt Bitcoin.
Then you have someone from someone on legacy media
basically saying, Hey, what's the what's the US doing here?
Are they going to get caught off guard?
I mean, this is what Kaiser was talking about when he was when
he coined the term global hash war.
I mean, I think it's happening in full time, like in right in
front of our eyes. And what's really interesting to
me too as well is you have the Kingdom of Bhutan, you have El
Salvador, you have Paraguay, but also the news about Russia this
year, specifically how Putin was unbanning Bitcoin in the country
and basically legalizing Bitcoin mining, at least like on a
bigger scale within the country. I mean, this is bitcoins
incentives. I, I don't think any of these
countries are, are just willingly saying, hey, you know
what, we like freedom. Therefore, we're going to adopt
something like Bitcoin. I think that's Bitcoins
irresistible incentives doing their thing.
Anyways, Opti, you were covering this like I believe Thursday or
Wednesday of last week you started to cover this story in
regards to the BRIC summit. I mean, more news coming out.
Does this surprise you at all? No, not at all.
I mean, well, it actually a little bit we, we did kind of
mention that the some BRICS nations are mining Bitcoin.
But I think it is very interesting that these are
government funded mining operations, which is something
that Kaiser's been saying for a long time that the global hash
war is happening right now. And whoever doesn't adopt
Bitcoin is going to be late to the party and of course start to
wreck their citizens. And so considering all the
things that we've seen come out of the US in regards to Bitcoin,
you know, chokepoint 2.0, which we've been covering all year,
it's not looking good for America on that front.
We've you know, I know, I know in that as in America, we have
this need to protect the dollar, protect our world reserve
currency, world reserve currency status.
And hence why we kind of are incentivized to panic a little
bit and and ensure that Bitcoin doesn't become the global
reserve currency. But as you're seeing now, we say
it all the time, like if you fight Bitcoin, you're not only
going to hurt yourself, but you're, you know, you're going
to start losing the race. And if you want to maintain your
position in the world or even for smaller countries, you want
to hopscotch your what's a frog leap, your place in the world,
then you have to adopt Bitcoin. And yeah, we covered the initial
kind of opening of the BRICS statement, which was Putin
basically talking about the dollar being weaponized.
And now we're getting more signal that all of the BRICS
nations, now that, you know, maybe it's not a public
announcement, but you know that privately they're all starting
to look at Bitcoin as a legitimate vehicle to store your
value, a legitimate vehicle for international trade settlement.
And I mean, we even the bricks nations, like, you know, there
was rumors when we covered this news that they were going to do
their own, their own like currency, basically create like
a new euro for the bricks. And now they're doing some like,
you know, a batch of currency, you know, that they're going to
use. So you can still tell that the
dinosaurs out there aren't fully embracing digital currencies or,
you know, Bitcoin and the like. But the fact that we are getting
to the point now and the Jack Mueller said this in Bitcoin
Amsterdam, that once we get a country that turns on the money
printer to start to buy Bitcoin, like it's, it's really game over
for every other country behind them.
And now that we're seeing, you know, the BRICS nations, their
governments are actively trying to pivot themselves into the
mining space. Bitcoin mining is it's becoming,
you know, not only is it the only free market left in the
world, but it's becoming a super competitive industry.
And now that nation states are getting into it, man, I don't
know. I'm, I'm getting a little
worried for all the small solo miners out there because we
don't have the resources to compete with a money printer
behind, you know, Bitcoin mining infrastructure.
But it's something we have been saying on the show for a long
time that once nation States and or the energy producers start to
realize the incentives of Bitcoin mining, they're going to
start to morph and they're going to become one.
And if you don't have a nation state Bitcoin mining operation
that you're just leaving money on the table.
So it is very interesting that the BRICS nations are, are
taking Bitcoin mining and Bitcoin seriously, yet we don't
have an official, you know, announcement that they're like
fully adopting Bitcoin. But it's definitely becoming
that global hash war playing out in real time.
And what a what a crazy start to the week where it's like, this
is official. Three of the new 6 BRICS nations
are actively with government backing mining Bitcoin.
This is this is a huge development as far as I'm
concerned. And I'm, I'm sure we're going to
see some more big names pop out by either the end of this year
or the beginning of next year of who's fully diving into Bitcoin.
Yeah, absolutely. And then of course, you know,
there there's a big year for for Bitcoin and Bitcoin, the Bitcoin
regulatory environment, right? You have the US election coming
up in less than a week or so and of course depending on who gets
into office, you either going to have a pro Bitcoin candidate in
the White House or a less pro Bitcoin candidate in the way
that she she did walk back a lot of her policy in the last couple
weeks or so as we come closer to Election Day.
Also in that same legacy media interview as well, a price
prediction was dropped $3,000,000 Bitcoin by 2050,
which sounds a little bit bearish in my opinion, but
anyways, let's check it out. Here we go.
That assumes that by 2050, this is very long term that Bitcoin
becomes a reserve asset that's used in global trade and held by
global central banks at a very modest 2% weight.
And in that model we arrive at a $3,000,000 price target for
Bitcoin. Now that sounds, you know,
extreme, but that's a 16% compound annual growth rate for
a couple decades. You know that that's not really
that extreme. So into the millions over the
medium term is high conviction call.
So I mean, yeah, I like, you know, I, I would say it's a
little bit bearish. I mean, if you do compare that
to Michael Saylor's prediction, by the way, it's definitely on
the lower end of things, right. So Michael Saylor's base case
prediction for 2050, I believe, sorry, yeah.
For 2045 is about $13 million per per coin.
So I mean, I don't know Opti, what do you think?
3,000,000 by 2050 sounds bearish to me.
I mean compare. I mean, compared to sailors,
Sailors was definitely. Hey, what 2020 50 is what like
25 years from now? Like you don't think Bitcoin's
going to be higher than 3 million in 25 years?
Like, come on man, I I it does sound good on paper, you know,
like $3,000,000 Bitcoin prediction.
But in 25 years? Like.
I, I even think that, you know, I'm not a big power law guy
here, but I think even based off that metric here, if it does
hold, like I think it's 3 million in like, you know, 5 to
10 years. So I don't know, 25 years, 3
million sounds super bearish to me.
But hey, a $3,000,000 Bitcoin, I guess it's not that bad.
But I don't know, that sounds bearish to me as far as I'm
concerned. 100 percent, 100% yeah, it's but let's see let's
see. We will we'll stay we'll stay on
top of it and let's see if simply I mean, bro, 2050 is a
long time from now, but is a little bit bearish.
I mean I like Sailor's prediction more 13 million by
2045. I think that sounds better.
But someone in the chat let's get let's get to 100K first
boys. Yeah, I completely agree
anyways. Wait, wait wait before you go.
I literally told that to Nico this morning on my pro A
$3,000,000 Bitcoin prediction. Like can we we break 70 K 1st
and then we'll talk about $3,000,000 Bitcoin of?
Course someone in the chat would say that anyways I do to give a
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At the time of recording, the Bitcoin price is $68,550 sats
per dollar 1459 block height 867,789 Realize monetary
inflation 1.26% market capitalization 1.36 trillion
Bitcoin verse gold market cap 7.08% money supply 19,774,124
BTC percentage issued 94.16%. In the grand scheme of things,
Bitcoin is just getting started. Anyways, a topic that we've been
covering for the last couple days or so is this idea of the
great last couple months. It's actually a recurring theme
on simply Bitcoin, which is this idea of what I call the great
disintermediation. So what is first happening is
the great disintermediation of information.
I think we're like and heading to the end of that, in my
opinion. And I think what's to come is
the great disintermediation of money.
So what do I mean by this? You have, you have the Internet
has enabled mass scale peer-to-peer communication and
mass scale peer-to-peer money, which is obviously Bitcoin.
And that completely changes the conversation.
Because in in the old world, specifically as it relates to
information, we've seen this over the last six months or so,
there was a, there was a handful of legacy media outlets.
There was a handful of of there was a handful of legacy media
outlets and they were able to essentially control the
narrative. But what we saw specifically
this weekend, we literally saw one of the most popular, you
know, videos, one of the most popular interviews to hit the
Internet, Joe Rogan interview presidential candidate Donald
Trump. And it was a long form
interview. It was three hours long, has
currently 34 million views, which is absolutely gnarly.
The thing went absolutely viral. And if you listen to that
conversation, I mean, Joe Rogan says this himself.
The, the, the, the format is so radically different than what
we're used to getting from the legacy media, which I would say
is a terrible format. It's like 20 minutes.
They fill it with like gotchas, right?
And like, the whole purpose of it is to like paint A-frame of
the person in their interview. It's not like a conversation.
It's not like a long form podcast that you see with like
Joe Rogan and stuff and you're starting to see we're finally
starting to cross the chasm where this type of content is
actually getting more attention and getting more views than the
legacy media. And I think that has that has
very big implications. What are the very big
implications? Well, now all of a sudden, the
people that are going to have the most influence in society
are going to be it's going to be independent media rather than
legacy media. I mean, if you were to ask me,
and I might be a little bit biased here, I would say that's
a good thing. I think legacy media has abused
that trust, especially if you've been watching them over the last
five years. There's a lot of things that
they got wrong. And if you reported otherwise,
they would call you names, they would say it's disinformation,
etcetera, etcetera. But here's Brian Armstrong.
Brian Armstrong is the CEO of Coinbase.
And he says, by the way, as usual, Bellagi's was early, but
right on this, he was the first one I saw caught out this trend
probably 7-8 years ago at this point.
And Brian Armstrong said, this seems like the first election
where new media has fully flipped traditional media, long
form podcast X slash social prediction marks, etcetera,
deciding this election also holding traditional media
accountable happen gradually, then suddenly 100%.
And I mean, this is like, again, one of the one of the main
things that we've been covering on simply right, this idea of
what I call the great disintermediation, right?
And it's it's really exciting. Here's more takes on it.
Here's David Sachs. David Sachs says, I agree that
legacy media has lost most of its relevance, credibility and
audience. That said, it seems it still
seems to set the terms of the discourse.
Most of the bait on X consists of legacy media asserts A,
alternative media debunks A, legacy media doesn't doesn't
acknowledge, debunk, moves on to asserting B, alternative media
debunks B, and so on. Well known legacy media is over
when it's ignored completely. Getting to that point should be
the goal over the next four years.
You know you guys always make fun of me when I bring up the
term the Overton window that's been being brought up in recent
discourse. Elon Musk tweeted on October
28th he said. Ever wonder about the Overton
window? And here is the guy that I
apparently invented it. His name is John Overton.
But essentially the Overton window, for anyone who hasn't
been listening, is simply Bitcoin and me repeating this
term over and over again. The Overton window is
essentially the acceptable window of discourse.
And our job as Bitcoiners is to continue moving that window
towards the idea of what is money.
Why should the state have a monopoly on money?
And should the government have the ability to create money for
free that everyone else has to work for?
And as we move the Overton window closer and closer to
that, closer and closer to those ideas, people will naturally
start to question their local Fiat currency and start to seek
the better alternative, which is obviously Bitcoin.
All we have to do is continue to shift that where people
questioning what is money, it doesn't seem very radical.
It starts to seem acceptable as people start to question the
very idea of inflation, right? Like, why should my money have
to lose purchasing power in order to function?
Here's election wizard, he says. Axios.
Behind the curtain, The big media era is over.
The mainstream media's dominance in narrative and reality shaping
in president presidential elections shattered in 2024.
Axios very, very good point and I'll leave it at this.
There was a crazy I wouldn't. There was a there was a
political rally that happened yesterday.
There was Elon Musk, Vivek Ramaswamy, RFK Junior, I believe
Donald Trump, and you had the chairman of of counter
Fitzgerald introducing Elon Musk and dropping this idea that
actually Joe Rogan asked Donald Trump about on his podcast, this
idea of getting rid of the federal income tax.
Now, what's really interesting about this too, is when Elon
took the stage, he said, look, inflation is a tax.
I mean, where have you heard? It's it's like, how long have we
been saying that Opti And again, this, this is the concept of the
Overton window. You guys have been listening to
this idea for a very long time. But no, coiners have not been
listening to this. People that have not been tuning
into simply Bitcoin have not been listening to this.
But again, it, it's, it's not a crazy concept.
It's just, it's, it's a little bit outside of the Overton
window. But when Elon Musk's drops the
concept of inflation is theft, right?
Which he's saying that inflate to put he he quotes it as
inflation is taxation that is moving the Overton window that
is getting people to ask what inflation is.
That is getting people to ask, wait a second.
So all the thing the when they print money, it's not free.
So when they off, when the government or politician offers
me free things, it's not free. No, it's a form of taxation.
And they dropped, I would say the equivalent of a nuclear bomb
equivalent in the media landscape where they're dropping
this idea of getting rid of the federal income tax altogether,
which again, doesn't sound too radical if you're a Bitcoiner
and you understand the history of all of it and you've gone
down the rabbit hole. But if you're a normie, right,
you, you hear that you're like, the country's going to go broke.
But again, because the concept is so outside of the Overton
window, that is the natural response to it.
But if you look into the details of when the federal income tax
was introduced, which is 1913, which coincidentally was the
same year that the federal, the Federal Reserve was established,
1913. And then what was the outcome of
the federal income tax being established?
And again, how much money does the federal government spend on
a yearly basis versus how much they collect in tax revenue?
And then you come to the conclusion, wait a second, they
spend more money than they collect in tax revenue.
So they're taxing my income and then they're taxing my money
through inflation. Like maybe the government
doesn't have a tax revenue problem.
Maybe the government has a, a, a spending problem.
And again, it's really important that mainstream figures, we've
been talking about this for a long time now are bringing these
ideas up to the mainstream consciousness.
Because now all of a sudden you move that over to when it in
fact, you don't move it, you shatter it, right?
And then people start to ask questions.
And I'll tell you what, ladies and gentlemen, this rabbit hole,
once you start going down, it ends with one thing and one
thing only ending the Federal Reserve.
That's how it ends. So once you start going down
this path, you inevitably reach to what the root problem, the
root cause of all this evil is, which is the central bank, the
Federal Reserve, right? So I'm really glad that it's
moving in this direction and I and I hope it ends where we want
it to end, which is ending the Fed.
And, and a lot of the the questions is like, OK, so let's
say you end the Fed. What do you replace it with?
I remember Thomas Sowell getting asked this question and the way
he answered it was like super, super clever.
And he's basically like, so when you cut out a cancer, what do
you replace it? Like it's a stupid, it's a
stupid question. Like you don't replace it with
anything. Anyways, here again is Howard
Shrupnik the the chairman, CEO Lupnik Shrupnik.
Forgive me. Here's Howard Lupnik, the CEO
and chairman of of Counter Fitzgerald.
Let's see what he has to say. We all say make America great
again, but let's just go over for a minute what that means,
because we all say it as a slogan.
When was America great? At the turn of the century our
economy was rocking. This is 99125 years ago.
We had no income tax and all we had was tariffs.
All we had was tariffs, and we had so much money that we had
the greatest businessmen of America get together to try to
figure out how to spend it. That's who we were then.
But then we had World War One and we had World War 2, and we
felt we had a duty to rebuild the rest of the world.
So here's what we did. We took down our protection.
We took down our tariffs and we turned instead, and we taxed
Americans so that we could export the power of our economy
and save the rest of the world, which we did.
Now let me now, let me ask you a question.
What decade should that have ended?
Should it have ended in the 80's?
The 90s, 2000? What in the world are we doing?
We're letting the rest of the world eat our lunch, and it is
time to make America great again.
OK, so let's let again, This is why Elon is talking about the
concept of the Overton window. This is why I'm talking about
the concept of the Overton window.
If you are not a simply Bitcoin viewer, regular viewer, if you
are not a Bitcoiner in general and you hear the idea of ending
the federal income tax that is so outside of what you think is
acceptable, you're like, wait a second, who's going to pay for
everything isn't going to bankrupt the federal.
Again, I ask you to not react initially.
I ask you to do a little bit of research, go down that rabbit
hole and I, and I promise you, like you're not, you're not
necessarily going to be happy with what you find.
But yeah, I mean, you know, the, the, the, this idea that you
work your butt off and let's say you're in the higher income tax
bracket. If you're in some countries,
you're paying 50% of that income to the government, 50% of it.
Are you getting 50% of value back?
That's my question for you guys, right?
And again, it's not that you're paying income tax, but you're
also paying currency tax, which is inflation.
So add that on top of the income tax that you're paying.
And again, like that leads you to a conclusion.
It's like the like, you know, is this fair?
Is this equitable? Is this, you know, is this
working out? And one of the most insidious
things about the inflation tax is that it disproportionately
affects the lower and middle classes the most because the
lower and middle classes are the ones who save and earn in Fiat.
And if you save and earn in Fiat, the inflation tax is going
to disproportionately affect you the most, right?
So anyways, yeah, I wanted to touch on that.
I think it's really interesting. I mean, Opti, I think we got
this right. I mean, how long have we been
talking about? How long have we been talking
about the Overton window? How long have we been talking
about the inefficiencies of government?
How long have we been talking about the inflation tax?
It's almost as if, I mean, we've been talking about this for
quite a long time. I didn't anticipate this fucking
window moving over so quickly, so rapidly.
I still thought we had years of, of dialogue before getting to
this point. But it she it seems like this
year's election environment really, really move things
forward a lot quicker in regards to Bitcoin, in regards to tax
policy, in regards to money. And again, once these ideas are
thrown out into the mainstream consciousness there, you can't
put them back in the bottle right?
They, they're, they're going to continue to grow from this, this
point. The fact that a mainstream
political candidate is talking about ending the income tax is
radical. It's extreme.
But again, what I have to say for you guys is why did they
implement the income tax? Well, the whole idea was to pay
for some wars to, to get some value back.
But but what Howard Lepnick was basically saying is that like,
look how wealthy we were in the beginning of the century.
Like, what did we get for paying all of this money?
Right? You can say the, you know, this,
this giant bloated bureaucracy, like what did, what was the
value? What was the value?
What was the value added back? Like maybe in the beginning you
could have pitched us the idea and we could have given you the,
you know, the, the, the benefit of the doubt.
But at this point you're just kind of like, like maybe, maybe
radical idea, crazy idea, everyone.
Maybe it's time to try something a little bit different and to
see how it ends up. Anyways, guys, if you guys are
enjoying the show show so far, make sure to smash that like
button really, really helps with the algos and getting to push
this message forward further, further, further moving that
Overton window. Anyways, Opti, what's your take
on all this? Yeah.
Well, first of all, I think what we just heard is something I've
kind of been saying on the show for a long time.
It feels like the pendulum is swinging away from, you know,
the left and going more towards the right or some might argue
more towards like a base perspective.
And I think people are just really tired of the the left
progressive ideologies that's been basically forced on us.
And I think this is just like a good encapsulation of what the
zeitgeist is right now. And they wouldn't be saying
these things if the majority, or at least the majority of their
vote voting base didn't believe the same things.
And so I do love that they are kind of floating these ideas.
I actually do have the Trump clip for the culture, but I was
going to kind of gloss it over. So maybe if we want to play it
later in the show, we can hit on it.
But I think there was a really, really big point that Howard
Lutnick said in that speech, which is something we've
obviously as bit corners talk about constantly.
And it's the idea that all wars are banker bankers wars and the
World War 2 military industrial complex.
The military machine hasn't been turned off since World War 2.
And This is why we are in the position that we are right now
is because like Howard was saying that, you know, the
income taxes how basically how we justify going into the war.
And that's how supposedly we pay for all the wars going on in the
world. But there was another point that
I do want to hate on, which is what David Sacks said.
And I think that's such an important, important message
right now, though I would argue that, you know, us here and
whatever you want to call them, you know, right leaning people
on the Internet. I think one of the problems that
US independent content creators do have right now is we are very
reactionary towards the media. And like, like David Saxon
saying, you know, the media says one thing and we spend all our
time debunking it. And you know, what we try to do
here constantly is yes, we do like our job is to debunk the
corporate press. But I think a lot of the stuff
that we need to do not only as simply Bitcoin, but independent
content creators is, is go on the offensive a little more
versus just being reactionary. Because that's how the left in
the corporate press is really good.
They just keep, you know, shooting missiles metaphorically
and and just like attacking while we have to spend all the
time debunking stuff, which reminds me of what's that mean?
Where it's like it takes like twice as long or whatever, three
times as long to dislike, disprove lies and all that
stuff. And that's where we are right
now. And so I think my mic is messing
up. No, you're good.
So it is an interesting trend that we find ourselves in
because I do think like, I've been saying it for a while and
it's really just been more of like a gut feeling and, and
seeing what's going on that it seems like the pendulum is is
swinging towards the other way. And we'll see what happens in
this election because like, you know, there was another point
there where I think it was David Sacks or maybe it no, it was
Brian Armstrong who said, like, this is going to be the first
election that the independent content creators are basically
outperforming the the media class.
And remember what we said, you know, 2016, when Trump did get
elected, it was because the media, the corporate press
wasn't ready for, for basically a band of Internet memers to
continue to combat the truth. And now that this is kind of the
that is quo, that independent content creators are just
absolutely blowing the corporate press out of the water right
now, I think it is going to move towards that direction.
And we all know that only really, you know, like 60 plus
are the ones watching the news and everyone else gets their
news in real time from Twitter or even like TikTok.
And so we are entering a new era right now.
And it's just very interesting what's going on.
And obviously stay vigilant and make sure that you're not
trusting, but you are verifying. But it is crazy that this this
stuff's even getting floated out right now.
And it's almost like the Ron Paul meme, like it's happening,
like it feels like it is happening right now.
And man, it's just crazy. It's going to it's going to be
very interesting what's happening next week. 100
percent, 100%, man, it's all happening right now.
We're in a we're in a really good spot man.
It's just like can't believe all this is happening, but I think
it's all bullish for Bitcoin. All right everybody, let's get
to the news. We have lots to talk about.
Let's check it out. Here we go.
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Not your keys, not your keys. Anyways, so I did want to cover
this. Check this out specifically this
person, Sitaya Nadella. He is the chairman and CEO of
Microsoft and Microsoft essentially held a meeting.
Opti talked about this last week, but they held a meeting in
regards to I'll read this specifically and this comes.
I believe that they sent this to their investors and whatnot and
shareholders. MicroStrategy, which like
Microsoft is a technology company, but unlike Microsoft
holds Bitcoin on its balance sheet, has had its stock
outperform Microsoft stock this year by 313% despite doing only
a fraction of the business that Microsoft has and they're not
alone. The institutional and corporate
adoption of Bitcoin is becoming more commonplace.
Microsoft's second largest shareholder, BlackRock offers
it's clients a Bitcoin ETF. So very, very interesting.
And again, this is something that we've also called on.
Simply, we've been saying that, we've been saying that market
forces are going to do what market forces do best.
And essentially, if you don't get on the Bitcoin train, you
risk getting left behind. And I think this is an example
of a company saying, wait a second, like we're doing well.
You know, we're doing well as a company closing deals, right?
We have a lot of profit. Why is Micro Strategy, which is
supposedly a much smaller company, outperforming our stock
and then they come to the inevitable conclusion?
The reason that MicroStrategy is outperforming everyone is
because they have the cheat code and the cheat code is Bitcoin,
right? So I would say that it's
inevitable. And Michael Saylor has been
beating the battle drum over the last couple of weeks like
posting and tagging CE OS and like basically like poking them
and basically saying like, look, the reason I'm outperforming
everyone is because I'm on a Bitcoin strategy.
And if they get on the Bitcoin train, all of a sudden their
incentives align with ours, their start, their stock starts
to outperform everyone else. And the reason is because
they're on a Bitcoin standard and it just becomes this like
self fulfilling prophecy that just you know, it just, it's,
it's again aligned incentives. So anyways, I thought that was
really fascinating. I didn't get a chance to talk
about it 'cause I was travelling.
I was at the Plan B forum in Lugano, Switzerland.
Absolutely great conference. But I didn't get to talk about
it. But I thought, I thought that
was the news. Like that is signal.
Like, I wonder what the, the ending vote is gonna be.
And even if it's negative, even if they don't vote to acquiring
Bitcoin, MicroStrategy is still going to outperform everyone.
So if you have Tesla and MicroStrategy, they both have
Bitcoin. All those other tech companies
are at a competitive disadvantage to MicroStrategy
and Tesla. Obviously, MicroStrategy has
acquired so much Bitcoin that like essentially like that stock
is just gonna follow the price of Bitcoin like ultimately.
But anyways, Opti, what's your thoughts on this?
You initially covered this last week when the news dropped.
Yeah. I mean, obviously it kind of
just sort of repeating myself. We've been saying that by the
end of this year, we're going to see some of the biggest names
start to at least take the Bitcoin thesis seriously.
And now we have it, you know, Microsoft is basically, I think
it is actually it's the second largest company in the world.
And the fact that they're having a shareholder meeting to vote to
add Bitcoin to their balance sheet or add it as an
investment, I think is a huge point in the Bitcoin story.
We'll see what actually happens with this.
But the real signal here is that it's probably not just Microsoft
that are thinking about this. Yes, they haven't taken it to a
shareholder meeting yet, but I'm sure that the, you know, the
heads up high at Apple are also talking about this.
We all know Tesla has Bitcoin on their balance sheet.
They're the 12th largest company in the world.
So every company, the biggest companies in the world have to
take Bitcoin seriously. We'll see how this plays out.
You know, being a little more cynical, I guess you could kind
of say like. Microsoft isn't really like a
Bitcoin company, I don't think. I don't think any Bitcoiner even
uses Microsoft. And maybe maybe we don't want
Microsoft to add Bitcoin to their balance sheet.
But hey, it just goes to show that the signal's spreading and
Bitcoin as an asset, or rather as a currency as we like to see
it say it. It's becoming a a very serious
topic and people have to look into Bitcoin.
They have to at least take it seriously.
If you are laughing at Bitcoin at this point, you know, it's
just a classic like have fun staying poor.
I mean, like, if if the biggest names in the world aren't
getting you at least a little bit curious as to what this
Bitcoin is and you're not doing even like a, you know, couple
hour research into reading Bitcoin, reading into what
Bitcoin is, its value proposition, then, you know, you
you really are a dinosaur and you're not keeping up with the
times. And I think this is just further
confirmation to everything we've been saying that now everyone
has to take Bitcoin seriously. And we'll see what this vote or
we'll see what happened with this vote and whether they added
or not. I think it's besides the point,
but it just goes to show these conversations are happening.
And you have to you have to at least seriously judge whether
you need to add Bitcoin to your balance sheet.
Yes, you could argue that like, oh, I'm already diversifying My
Portfolio well enough or I don't need Bitcoin.
Sure, you you can you know, I'll give you the benefit of the
doubt and and say that yeah, maybe you're correct, but I
don't know. I think, you know, Bitcoin is
the fastest race in the horse and if you really want to
outperform the markets, then why would you ignore Bitcoin?
It's blowing everything out of the water.
I think next year it's going to blow everything out of the water
and you know, whatever, like, I guess we just frant ran Wall
Street and it is what it. Is absolutely all right,
everybody, Let's get to the culture.
We have a lot to talk about. Let's check it out.
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video description. All right, obviously you have a
video pulled up. What are you going to talk about
today? Yeah.
Wait, wait, wait, wait. Hold on, hold on.
Did I say fastest race in the horse again?
I I was getting trolled in the chest.
OK, fastest horse in the race. All right, my bad.
I I keep messing that one up. Yeah, I guess maybe I said that
again. I I I saw that I said that last
anyway. Anyways, anyways, Nico, you
brought this up. We we can play this after if we
if we got time, But this isn't the clip that I wanted to hit on
considering this is the culture and I think we had two big
cultural moments yesterday. Obviously Trump win on Joe Rogan
has now 37 million views in what like 3 days or something, which
I think is like the fourth or fifth biggest episode on Joe
Rogan. And all the other episodes have
been out for like 4 to five years.
So again, it goes to show that these type of topics, whether
you love or hate Trump, the fact that he can go on Joe Rogan and
talk about eliminating the income tax and it be taken
seriously. And now people are like, whoa,
OK. Like as a Bitcoiner, I never
thought that that would even be a something coming out of a
presidential candidate's mouth. Whether they'll be follow
through on that, it's a totally different story.
But the fact that we're talking about this, I think is a is a
good precedent for moving forward of what are some actual
things we can do to fix our country here, but also every
country around the world. And especially when you're
seeing some countries in the EU go just like completely the
opposite way and, you know, force taxes and do all kinds of
crazy stuff that are going to hurt their citizens anyways.
We can play this after. But the real, the real clip that
I wanted to hit was again, part of the Trump Vance ticket, JD
Vance going on Tim Dylan's show and as a bitcoiner, you know,
we're all basically like offsprings of Ron Paul and what
he set out and what he's been saying for a long time.
Hashtag and the Fed and we had JD Vance go on Tim Dylan.
I don't have the numbers on how big of a reach this one got, but
he does do a little nod to Ron Paul.
And I do want to cover his response, Ron Paul's response to
this. So I'm going to play this and
then we'll we'll chat about it. And if we have some time, I can
play the Trump clip. Isn't it BlackRock?
Is there a way to calm that down where they're purchasing all and
they're driving up the cost of real estate?
You walk around New York City, there are buildings that are
full of empty apartments because it's money laundering from
people overseas that are stashing money and it's raising
the cost of living for the entire city.
That's exactly right. And and you know, if like I'm
actually not a Ron Paul guy, one of my one of my dear friends is,
is a big Ron Paul guy. But like, I've kind of come
around to the Ron Paul argument. I don't fully agree with it, but
the criticism of the Federal Reserve that makes the most
sense to me is that it gives massive corporations a lower
cost of money than the average American, right?
So part of the reason BlackRock has been able to buy all these
homes is you ask, well, what is BlackRock borrowing at, right?
What rate are they borrowing at? Because the average American
right now, I think, I think the average mortgage interest rate
is somewhere around 7% right now.
OK, Blackrock's borrowing at like 1.52 point 5%, right?
So if they're paying a much lower cost for bought for debt
then the average American, then they have a huge advantage.
They buy up all the homes, they Jack up all the costs.
And again, going back to the Jeffersonian idea of Americans
as owners and as citizens in their own country.
Well, what happens when BlackRock owns your home and say
they, they say you're not allowed to own a firearm because
we own this home. You, you don't own this home.
OK, there goes the Second Amendment.
What if they say, well, for all residents in our, in our places,
we don't want you to put up yard signs for certain political
candidates? Well, there goes the First
Amendment. There's a connection, There's a
very deep connection between the idea of, of American
citizenship, the full idea and the liberties that actually make
American Society such a cool place to live.
And if we turn everybody into renters, we're going to destroy
that. I mean, I I think that like.
Here's where you're wrong now. People really like these shows
where people buy $20 million homes like Selling Sunset most.
Isn't that as good as owning a home?
Because there's thirty shows about people buying mansions and
people get to watch them. So you don't have to cut grass.
You can watch somebody else buy a.
House, but that is what's happening by the.
Way you can live in a pod and eat and eat your roasted
cricket, but watch other people live in the American tree.
Yeah, hilarious. The last part, The last part,
you know, AKA the Make America Healthy again.
You could, you know, eat the grasshoppers and live in the pot
and watch other people be rich. Yeah, This is the weave.
You will owe nothing and be happy.
But the Ron Paul point, which is really, I mean, I think it's
kind of amazing that Trump and Vance are both themselves kind
of saying a lot of things that would come out of Ron Paul's
mouth. Kind of, you know, I know
Trump's kind of been trying to persuade the libertarians to
vote for him, but they are starting to say some of the
talking points that Ron Paul's been saying for a long time.
And Ron Paul on Twitter just basically double s down on this,
which is what we say all the time on the show. the Fed is the
prime source of our economic problems.
Our nation needs sound money again.
And I'd be very happy to discuss this with you, JD Vance.
And so, hey, are we there yet? I don't know.
But it does seem like, you know, we have Trump on one hand saying
maybe we should eliminate the income taxes.
We have Vance, on the other hand, being, yeah, actually, you
know, I'm not a full Ron Paul guy, but a lot of the things
he's saying I'm starting to believe in and what's like Ron
Paul's main message. And the Fed, the Federal Reserve
is not federal. It has no reserves.
The central banks out there, especially in America, the Fed,
of course, they are the root cause of our economic problems
because it all boils down to one simple explanation of inflation.
Where is the root cause of inflation?
It's them expanding the money supply.
And so, hey, JD Vance kind of, I think missed it a little bit
when he's talking about the interest rates and stuff, it's
really about the expansion of the money supply.
Those who can control the money obviously can print money that
we all have to work for. They can put it where, where
they want to. And he, you know, he kind of
touched on that about the interest rates, but he isn't
hitting the, the, the root source of this.
But it does seem like, as Nico was saying earlier, the Overton
window has shifted at least enough where we can at least
seriously have these conversations in America about
eliminating income taxes. Maybe the Federal Reserve is the
main problem here. Maybe the problem is creating
money out of thin air. Maybe we need to go back to a
sound money era. And you can see that the
Republican Party is at at seemingly at least in rhetoric
talking about protecting Bitcoin, protecting the Bitcoin
industry. And so I think these are all,
you know, very good developments when you kind of look at the
opposite side and they're like, yeah, we're going to tax you out
of existence. We're going to, you know, choke
.2 point OU we're going to do whatever we can to hamper the
Bitcoin industry. So I, I just find it very
interesting that on some of the biggest mainstream podcasts, we
can have these conversations and we're not just relegated to, you
know, dark corners of the Internet or on Twitter where
it's just Bitcoin Twitter. Uh oh.
All right, go Nico. Yeah, Opti.
Opti's. Well, I don't know what happened
with Opti. No, bro, listen, I I want to
talk about this Overton window console.
Opti, just use your FaceTime. I want to talk about the Overton
window, the concept, right, which is like something that
we've been talking about for many, many months now.
And it's happening, right? Like the Ron Paul, you know,
meme thing. It's happening, It's happening.
And it's just like the Bitcoin becoming electoral issue.
It's happening a lot quicker than I anticipated.
I thought that Bitcoin was going to become an electoral issue
without a shadow of a doubt by 2028, guaranteed.
And I think the current administration expedited that by
taking such a hostile stance towards the industry.
Thank you, Elizabeth Warren. I mean, I'll say thank you once
I found out the results of the election because it could really
go either way from a regulatory perspective.
But yeah, I mean, you know, that Overton Window is shifting
hardcore and I you, the third party candidates, no doubt in my
mind, they would bring up these concepts like the Libertarian
Party up there, like going up there and saying these things
like it's like that's not surprising.
But but main party candidates bringing this up, like, bro, you
know, this is just to kind of give you an idea, guys like just
these two things. Donald Trump at the Bitcoin
conference says he'll protect the right to self custody and
he's thinking about making Bitcoin a strategic reserve
asset. Fast forward three or four
months later, I want to end the income tax.
Like, like guys like this is gnarly.
This is gnarly. And if you're on the other side
of this, like if you're part of the unelected Bureau, let me ask
you guys something. Who's running the country right
now? Who's running the country right
now? Do you think?
It's Joe Biden? Like, so OK, I'm going to, I'm
going to leave that right there. I'm just I'm not going to
answer. That yeah, I was going to joke
too, but. I'm I'm going to just leave that
simmering. OK, so if he hasn't been
running, running the country, who's been running the country,
the sample, the ample, the the the the answer is simple.
The person who's been the the machine has been running the
country. It's always been running the
country in my opinion. And you have to identify what is
the source of funding for said machine.
And as the machine gets bigger, it naturally has to take away
more and more of your freedoms because it essentially it need,
it needs funding, it needs a revenue source, it needs a
revenue source. And what is that revenue source?
The American people, right? So I think what's happening
right now is really, really fascinating.
We're like a really interesting point in history.
We're exiting the disintermediation of
information. I think that's come full circle.
I think with the Joe Rogan interview with Trump, I think it
represented something that started like four years ago or
so, but now all of a sudden the independent media is now getting
more traction than the legacy media.
For some reason. The legacy media is still
setting the debate, but the independent media has become the
media. What I anticipate is going to
happen in the next four years or so is what just happened with
the disintermediation of information is going to happen
with money. And it's going to be called, in
my opinion, the disintermediation of of the
disintermediation of money, the separation of money and state.
And you're starting to see the first innings of that when
they're talk about and the income tax.
That's a really great indication to where this is going.
If you start asking that question, the secondary natural
question, the inevitable question is end the Fed.
If you're going to say end income tax, you're going to end
with end the Federal Reserve, that's what's going to happen.
That's like the natural evolution of this.
And if this is where we are, if the Overton window has moved to
this point, where do you think it's going to be in four years?
Bitcoiners have not won until we end central banking.
That's why Bitcoin was born. That's why we're here.
That's what's really going to end the enslavement of humanity,
central banking. Until we end the central banks,
things will not change. Humanity will never be free.
That's what we have to do. And we have to do it with
informing the populace with the dangers of central banking.
And again, I would say putting pressure on the machine, and you
can't do that in any other way. You have to do it peacefully,
you have to do it legally, and you have to do it with truth and
information. And now that they've lost their
monopoly on information, their control on the narrative, these
types of ideas are going to be a lot easier to propagate.
Because when you tell someone like Joe Rogan, I want to end
the income tax, he's going to ask you a genuine question about
it. If you say that on legacy media,
they will attack you in three different ways.
Why? Because they are part of the
system. They are part of the system of
control itself. So the fact that the discussion
is happening outside of the system of control is very good
for Bitcoin. It's very good for our movement.
And the fact that this is happening, you're going to start
to hear many topics that were otherwise never going to be able
to be talked about being talked about.
And we are entering a very, very interesting moment in human
history. I don't think it's like a new
renaissance. I don't think America has gone
through this type of fork in the road in a very long time.
And I think this upcoming election, I agree with Elon when
he says this is really going to determine which way we go for
the foreseeable future. I think if one party wins and
the other party doesn't win, I think that this, what's
happening right now is inevitable.
I think the cause of this is the Internet.
I think the Internet makes the every everyday person more
informed on everyday issues. I think social media gives them
the power of information at their fingertips.
That information isn't censored, that information is in control,
even though they're trying to do that.
And I think that informs the populace.
And once the populace is informed, the inevitable outcome
of that is why does my money need to steal from me?
Why does central banking need to exist?
Why am I poorer than my parents? Right.
And then you start to ask those questions and you're like, and
they don't have answers to this. Their answers are to gaslight
you, to call you racist, to call you an extremist.
But they don't want to answer this.
They don't want to answer. They don't want to talk about it
because they don't have a good response.
So they would rather bury it. But now that they can't bury it
because they've lost their monopoly on information, they
have to confront it. And if they have to confront it,
they can only give you like actual valid reasons.
You want to know why the Rogan interview took off the way it
did? It's because people know that
when Trump went on Rogan Rosen, Rogan wasn't just going to go
like, gotcha, gotcha. You're a racist.
Like it. It was going to be a natural
free flowing conversation. And that's what you got for
three hours. And that's in stark contrast to
what the media has been telling you for the last nine years that
Trump essentially is, is like, you know, the second coming of
Satan, essentially. And, you know, I'm not a big
like I'm not a fan of all of Trump's policies.
But at the same time, I want to be able to do my own research
and come to my own conclusion rather than the media getting to
dictate how you, how you should feel about certain things.
Like we, we don't, we, we don't live in a free society.
If the media is getting to dictate the narrative and how
you should feel about certain topics, topics and issues, we
don't live in that society. The Internet is bringing that
like bringing that to light and rather than them adjusting and
pivoting, they keep doubling down on this idea of we should
be the ones that get get to dictate what is true and what is
not true. Anyways, Opti you want to close
it out. No, I mean, I think you, I think
you kind of killed it, man. It just goes to show that we are
entering into a new paradigm. And what's the man?
What's the for, for the O GS here that been in Bitcoin for,
you know, 7 + a year? What what's the Carlos Matteo or
Carlos Matos? I'm blanking the big connect
guy's name. It's like we no longer live in
the world that we once lived in or whatever it was.
This is where we are. We are in entering a new
paradigm and it is very interesting.
Obviously there there's going to be some trade-offs along the
along the way, and I think things will get kind of crazier
as we start to move along into this new paradigm that we find
ourselves in. But hey, as Bitcoiners, we're
protected and Bitcoin is speech after all, and free speech is
super important. And hopefully more people
realize that. Yeah, man, like conversating on
the Internet, peer-to-peer is the most important thing to be
doing. Again, I'm always reminded of
the headline of doing your own research is bad.
Like trustee experts, like this is the world they want us to
live in A2 tiered system where the quote UN quote, you know,
financial elites tell you what the truth is and us peasants
have to just eat it and, and you know, take it as it's gold or
you know, the holy word over here.
And it's like, no, now that game is changing.
And that means that there is upward mobility.
If you understand what is going on, if you have the asymmetric
knowledge and understanding of how the world really works,
which we think Bitcoin does and allows for more, more people,
then you're entering into a better world.
And what do you always say, Nico?
Fiat is the world of pessimism, nihilism and war.
And Bitcoin is the world of optimism, freedom and peace.
Like, I don't know, it's such a simple, it's so simple.
It's really so simple. Simple.
Complicated people make it complicated.
Anyways, guys, if you guys enjoyed the today's show, make
sure to smash that like button share this video.
It seems like we got a little bit of of yeah, I think we go a
little bit. I don't even know what we can
say a little bit a little bit. It's been happening at like like
at least once a week for the last of Microsoft.
We have a neat. Topic that we can't talk about,
yeah, but. Yeah, share today's video and of
course, we'll be back tomorrow for a brand new episode of
Simply Bitcoin. Live.
Peace out everybody. Take care.
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