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Was MicroStrategy just attacked 
by the $23 trillion giant NASDAQ

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or is this latest announcement 
actually protecting MST Rs 

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monopoly? 
Everyone has been talking about 

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MicroStrategy, AKA strategy, 
potentially joining the S&P 500 

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later today. 
But what is really going on 

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here? 
Let's dive into it. 

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Of course, I'm not alone. 
I got my boy Chris here hanging 

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out with me today. 
Nikka will be gone for probably 

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the next week. 
So you're stuck with me, boys 

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and girls. 
Anyways, we did see some 

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interesting stuff. 
So this came out on Yahoo 

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Finance. 
It's really investing.com. 

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But NASDAQ made an announcement 
yesterday and depending on your 

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read, you could take away a few 
different things. 

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So the headline is strategy. 
Shares decline as NASDAQ 

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tightens crypto scrutiny so 
strategy shares declined 3.5% 

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after The Information reported 
that NASDAQ is intensifying its 

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scrutiny of companies attempting
to boost their stock prices by 

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raising funds to acquire 
cryptocurrency or Bitcoin. 

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The report indicated that NASDAQ
is now requiring certain 

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companies to obtain shareholder 
approval before issuing new 

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shares for crypto purchases, 
potentially slowing the recent 

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trend of firms transforming 
themselves into crypto focused 

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stock. 
This increased over site could 

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delay deals and introduce 
uncertainty into the market's 

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crypto boom. 
Going further, according to the 

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report, NASDAQ can now delist 
stocks or suspend trading if 

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companies fail to comply with 
these requirements. 

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Of course, this strategy is most
effective during the rising 

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Bitcoin prices, making any 
regulatory delays potentially 

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costly for companies pursuing 
this approach. 

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And with federal securities 
regulators taking a step back, 

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NASDAQ has emerged as the 
primary entity monitored these 

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transactions through enforcement
of its own listing rules. 

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So if you just heard me say that
and you're like, what does this 

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actually mean? 
So it seems like NASDAQ 

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literally the day before 
strategy is on the verge of at 

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least that's what the rumors is 
getting added into the S&P 500. 

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We will learn about that later 
today. 

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I believe the time is somewhere 
around like 5:15 PM Eastern Time

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or maybe it's we'll we'll just 
say roughly 5:00 today Eastern 

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Time. 
We will know if strategy got 

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added. 
Now all the rumors are saying 

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that yeah, they're going to get 
added again. 

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We've seen the requirements here
over here on Watch Your Guru. 

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Here are the requirements for a 
company to get added into the 

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S&P 500. 
Of course, it's based in the US.

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It's at least been trading for 
over 12 months on a major US 

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exchange. 
It has a market cap above 22.7 

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billion. 
A minimum 50% of shares should 

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be public monthly trading volume
of more than two 150,000 shares 

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for six months. 
The latest quarter has positive 

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earnings. 
The last four quarters total 

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earnings are positive. 
Strategy qualifies for all of 

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that. 
It it's done this, it, it is at 

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least from our perspective, 
probably set to go in, though 

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the betting odds are saying it's
maybe around 20% that is going 

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to happen. 
And the real conversation here 

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is, was this NASDAQ protecting 
MicroStrategy, which is the read

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that I've been hearing. 
Essentially we all know 

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MicroStrategy has been killing 
it. 

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Right now, they're the biggest 
corporate treasury, Bitcoin 

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corporate treasury company 
basically period. 

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And so if you look at what the 
report is actually saying, the 

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announcement is actually saying,
you could read it as is this 

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NASDAQ saying that they're going
to delist MicroStrategy. 

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Because we all know, look, 
Saylor basically can do what he 

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wants. 
I'm pretty sure he still has 

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majority ownership of strategy. 
And I don't think he has to get 

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approval by all shareholders 
written before he does what he 

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does. 
All the shareholder board 

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members, everyone that buys the 
MicroStrategy stock knows 

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exactly what he's doing. 
This is why they buy that stock 

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in the 1st place so that he can 
raise money and buy more 

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Bitcoin. 
And so one read, like I said, 

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could be, hey, is this trying to
slow down MicroStrategy? 

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Is this trying to slow down 
Sailor from acquiring Bitcoin? 

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Because if he doesn't get the 
approval from shareholders 

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before he makes these plays, 
then if you read it one way more

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maybe a more cynical view then 
that gives NASDAQ, you know, 

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warrant to basically delist them
from NASDAQ. 

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And if they drop this again 
suspiciously a day before 

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they're supposedly going to be 
added, does that mean 

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MicroStrategy is not going to 
get added into this S&P 500? 

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Even the headline says, you 
know, more crypto scrutiny. 

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While MicroStrategy stock isn't 
performing that well, it does 

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lead into a narrative of is Wall
Street attacking strategy? 

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Is Wall Street attacking what 
Michael Saylor is doing. 

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Now there is the other flip side
of the coin, which is this could

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be a play to essentially protect
strategy's Moat here. 

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So like maybe this is strategy's
going to get added into the S&P 

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500 later today. 
And then any new company that's 

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trying to either be listed on 
NASDAQ or get added to the S&P 

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500. 
Now there's you know, an 

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obligation for NASDAQ to be like
actually, you know, you guys 

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can't be added because you guys 
are doing things without your 

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shareholders approval. 
And that would essentially 

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create a a regulatory, well, not
a regulatory Moat. 

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It would essentially create a 
Moat around micro strategy so 

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that they would be the superior 
Bitcoin treasury company. 

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And so we don't know exactly 
what's going to happen here. 

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It depends on how you read this.
If you read this cynically, then

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maybe it's, you know, another 
Wall Street attack on strategy 

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essentially trying to dampen the
Bitcoin signal going worldwide 

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because hey, strategy's been 
killing it. 

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If they get added in the S&P 
500, that's basically more 

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passive funds coming into 
MicroStrategy. 

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They can continue to do this 
flywheel. 

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And on the flip side, this could
be extremely bullish for 

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MicroStrategy if they do have 
this seeming regulatory Moat. 

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It's not a regulatory Moat. 
This seeming announcement Moat 

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from NASDAQ, then MicroStrategy 
is going to be the clear winner 

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here. 
So this could be extremely 

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bullish for strategy for Michael
Saylor, depending on what 

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happens later today. 
I think this is all hinge on 

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what happens later today. 
If strategy does get added into 

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the S&P 500, then I would 
personally lean towards this 

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does seem like some kind of 
Moat. 

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This does seem like some kind of
play to protect MicroStrategy to

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kind of maintain their monopoly 
on acquiring Bitcoin, which 

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literally opens up a whole new 
can can of worms, depending on 

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how conspiratorial you want to 
get around MicroStrategy and the

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Bitcoin they hold. 
If they don't get added, then I 

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think as the headline says this,
you know, quote crypto scrutiny,

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Bitcoin scrutiny coming from 
NASDAQ. 

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It's not looking that good for 
other Bitcoin treasury companies

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at large. 
But I'm going to stop there 

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because we we do have, I'm going
to put my tinfoil had on a 

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little, little later on this and
we might, we might have some, 

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some shit posts from strategy 
themselves that might be 

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indicating they are being added 
here. 

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But anyways, Chris, what is your
read on this? 

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Is this NASDAQ protecting their 
integrity and the S&P 500 index 

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by basically pushing Bitcoin 
companies out? 

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Or is this protecting micro 
strategy as the leader in the 

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Bitcoin treasury company space? 
I think it's a little bit of 

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both, if I'm being honest, but I
think this is, this is 

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officially the end of paper 
Bitcoin summer. 

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I know summer's not over till 
September 21st, but I do think 

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that this is kind of the coming 
to the end of it. 

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I think it's can be twofold. 
I think they just don't want 

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these Bitcoin treasury 
companies, Opti popping up and 

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basically just, you know, doing 
this thing of like we're raising

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money to buy Bitcoin, then using
that to issue more shares, issue

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more debt, issue more offerings 
to buy more Bitcoin. 

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I, I think they're trying kind 
of protect ultimately retail 

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investors from the collapse 
that, you know, we see is 

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eventually going to happen. 
You know, maybe not today, maybe

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not tomorrow, maybe not next 
week or even next year. 

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But when things when we go into 
a bear market eventually, 

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because things are always 
cyclical like that. 

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Like I think that a lot of those
companies are going to be caught

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holding the bag in the sense 
that they are over leveraged for

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what they can afford and what 
they can pay back to either like

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normally the debt holders of 
those shares. 

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So you know, whether it's a 
bonds that they owe or just 

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outstanding debt that they owe 
on the Bitcoin collateral that 

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they have, you know, obviously 
there can be contagion that they

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have to sell the Bitcoin, the 
Bitcoin price goes lower in 

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order to cover their their bets 
and stuff like that. 

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But Opti, to your point, maybe 
this is the NASDAQ and you know,

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in conjunction with the S&P 500.
I know there are two separate 

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entities, but I'm sure they 
collude and talk with because 

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they're, you know, the two of 
the largest indexes in the world

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that I'm sure that they're like,
hey, we're going to let you 

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know, regardless of what you 
guys do, we're putting out this 

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guidance, MicroStrategy gets 
added and then it's going to be 

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much harder or much higher 
threshold for a lot of these 

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other Bitcoin treasury companies
to get added in. 

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I'll add one last point. 
I think that NASDAQ and S&P 500 

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and a lot of them, they worry 
about like one, it's like, OK, 

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so there's Bitcoin treasury 
companies. 

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Obviously there's other 
companies signaling that they 

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want to be crypto treasury 
companies. 

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I know who's the one, Tom Lee, 
the one Asian guy that's like, 

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oh, I want to do a bit Ethereum 
yet. 

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What? 
Bundstrat. 

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Fun Strat. 
Yeah. 

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So like I know that a lot of 
other people are trying to get 

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other crypto currencies in. 
I know the administration is 

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very bullish on crypto at broad.
I know Opti and I are more 

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Bitcoin and Bitcoin only, but I 
do think that they're probably 

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trying to signal that like we 
don't want this to become a 

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strategy. 
And I think long term, the best 

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thing is to have a business that
has a balance sheet and A and a 

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Bitcoin business, not to be a 
Bitcoin treasury company that 

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doesn't really have a business 
except for buying Bitcoin. 

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You know, if I could be in the 
in the business of printing 

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money, might as well just call 
me the Federal Reserve then and 

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just buy Bitcoin because that's 
what I would do. 

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But yeah, I I do think that that
is they're trying to signal the 

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market that they just don't want
this to be only Bitcoin treasury

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companies or other crypto 
companies at large going into 

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these indexes on basically just 
a flywheel strategy. 

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Well, the way these big well, I 
was going to say the way these 

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Bitcoin treasury companies are 
performing, it would seem like 

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the S&P 500 would just be 
Bitcoin treasury companies, but 

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they've recently gotten a lot of
hot water. 

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The stock prices aren't doing 
too hot on these Bitcoin 

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treasury plays, though it does 
look like MSR is kind of 

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rebounding right now. 
And maybe that's people 

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expecting them to get added into
the S&P 500. 

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But I, I love, I love the, the 
perspective of like an and both 

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kind of situation, you know, 
that this, this could be kind of

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one of these views. 
It's like, all right, well, we 

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kind of can't ignore 
MicroStrategy anymore, but we 

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want to minimize the damage 
going further so the other 

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companies aren't also just 
getting skyrocketed into these 

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positions. 
But it did make me think of 

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actually someone in the chat 
said something, It did make me 

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think of this ongoing trend that
Bitcoin companies in general 

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have to go through a higher 
level of scrutiny than other 

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companies. 
And it's just because it's such 

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a new technology or a new sector
that we are still kind of looked

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at as a risky thing for for most
people out there, this is still 

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like a risky bet. 
This is still something they 

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don't understand, you know, the 
unknown fears people, scares 

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people away from it. 
And so they're, they're trying 

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to minimize the damage here. 
Well, at least that's probably 

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what they think. 
They're trying to minimize the 

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damage here, minimize the 
contagion. 

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In our view, it's like guys, you
guys are the ones with the real 

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problem. 
We're, we're just trying to fix 

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what you guys have created and 
we still get beat up for it. 

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We still have to go through more
hurdles than anyone else because

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00:12:03,240 --> 00:12:08,280
we are Bitcoin adjacent or we're
a Bitcoin company and you're but

227
00:12:08,280 --> 00:12:10,800
you are starting to see that 
this this is changing. 

228
00:12:11,120 --> 00:12:15,840
But it seems like we still have 
a very high level of scrutiny 

229
00:12:15,840 --> 00:12:18,760
because it is a whole new 
sector, new technology. 

230
00:12:18,920 --> 00:12:21,400
People really don't understand 
what this Bitcoin thing is. 

231
00:12:21,400 --> 00:12:24,640
So it will be interesting to see
what happens later. 

232
00:12:24,640 --> 00:12:29,600
I know the odds around strategy 
actually joining the SP500 and 

233
00:12:29,600 --> 00:12:30,880
like the betting odds are pretty
low. 

234
00:12:30,880 --> 00:12:33,800
At last I saw was 2 days ago, I 
think it was like 20%. 

235
00:12:34,160 --> 00:12:37,800
So I think, I think the, even 
though the MicroStrategy 

236
00:12:37,880 --> 00:12:40,360
investors, people that are 
holding the stock are probably 

237
00:12:40,360 --> 00:12:42,280
super bullish that this is going
to happen. 

238
00:12:42,880 --> 00:12:45,960
I'm, I wouldn't necessarily hold
my breath yet. 

239
00:12:45,960 --> 00:12:49,360
Like yes, we are entering into 
the mainstream consciousness, 

240
00:12:49,360 --> 00:12:52,800
but I don't think we really have
the respect that we should have 

241
00:12:52,800 --> 00:12:54,760
yet. 
It's it's working in that 

242
00:12:54,760 --> 00:12:58,400
direction, but I would be 
pleasantly surprised if they do 

243
00:12:58,400 --> 00:13:02,040
get added to the S&P 500. 
But it is interesting that we're

244
00:13:02,040 --> 00:13:05,680
starting to get more scrutiny in
our sector. 

245
00:13:05,880 --> 00:13:08,280
We've heard the the conversation
for a while. 

246
00:13:08,280 --> 00:13:14,240
It's like if Bitcoin does well, 
it's going to be a Dang, what, 

247
00:13:14,240 --> 00:13:17,840
what were they saying? 
They said it's it's going to be 

248
00:13:17,840 --> 00:13:21,000
in a damn, it's going to spread 
out into all the other sector. 

249
00:13:21,000 --> 00:13:24,440
I forget how they framed it. 
They said that it would be a 

250
00:13:24,440 --> 00:13:27,000
systemic risk to the financial 
system. 

251
00:13:27,000 --> 00:13:30,000
And we're like, guys, you are 
the systemic risk here. 

252
00:13:30,000 --> 00:13:31,920
We're just trying to mitigate 
the problems. 

253
00:13:32,200 --> 00:13:35,080
But hey, we still get a black 
eye in the eye of most people, 

254
00:13:35,080 --> 00:13:37,640
so we'll see. 
Most, most of the treasure 

255
00:13:37,640 --> 00:13:41,040
companies are garbage. 
Yeah, it's Friday. 

256
00:13:41,040 --> 00:13:42,480
Everyone's everyone's going 
hard. 

257
00:13:42,720 --> 00:13:44,840
OK. 
I'll add one more point too. 

258
00:13:44,840 --> 00:13:47,360
It's funny that like you can 
look over the years and there's 

259
00:13:47,400 --> 00:13:48,800
always like a buzzword of the 
year. 

260
00:13:48,800 --> 00:13:52,600
Like in the early 20/15/2016, it
was like ESG companies and 

261
00:13:52,600 --> 00:13:55,640
they're welcome with open arms. 
Then even like, you know, you 

262
00:13:55,640 --> 00:13:58,520
get to 2000s, it's like, you 
know, COVID companies or health 

263
00:13:58,520 --> 00:14:00,800
companies that are trying to 
protect against COVID or vaccine

264
00:14:00,800 --> 00:14:03,920
manufacturers. 
Then in 2021, it's like NFTS are

265
00:14:03,920 --> 00:14:06,840
the buzzword and like all these 
different things are like keep 

266
00:14:06,840 --> 00:14:08,720
happening. 
And then it's like now like 

267
00:14:08,760 --> 00:14:12,080
Bitcoin companies a legit asset.
You know, it's growing assets 

268
00:14:12,080 --> 00:14:13,960
like oh, whoa, whoa, you said 
you're a Bitcoin company. 

269
00:14:13,960 --> 00:14:15,520
Like hold your phone there, 
dude. 

270
00:14:15,520 --> 00:14:17,680
Like relax. 
Like where I think a lot of 

271
00:14:17,680 --> 00:14:20,960
crypto companies get cover 
because of all the lobbying that

272
00:14:20,960 --> 00:14:25,360
like a 16Z the Coinbase is like 
all the like Bitcoin doesn't 

273
00:14:25,360 --> 00:14:28,360
have a lobbying arm, you know, 
outside of BPI. 

274
00:14:28,360 --> 00:14:30,840
And I know coin coin center help
with that, but they're more 

275
00:14:30,840 --> 00:14:33,320
crypto adjacent. 
But it's like we are very small 

276
00:14:33,320 --> 00:14:36,000
niche of a niche of a niche. 
And it's like we think we're the

277
00:14:36,000 --> 00:14:38,720
ones that are spreading truth 
and knowledge and all that and 

278
00:14:38,720 --> 00:14:40,400
we're the only honest money that
there is. 

279
00:14:40,400 --> 00:14:43,000
And then everywhere else it's 
like NFTS, no problem. 

280
00:14:43,000 --> 00:14:46,000
Sell those like, hey, you want 
to start a crypto fund? 

281
00:14:46,200 --> 00:14:48,920
Yeah, no, no big deal. 
You want to fleece retail, Go 

282
00:14:48,920 --> 00:14:51,040
ahead ESG. 
You want to you want to sell 

283
00:14:51,040 --> 00:14:52,800
this pipe dream? 
Yep, you're all good. 

284
00:14:52,800 --> 00:14:55,760
Like Bitcoin, whoa, slow, slow 
your roll there, buddy. 

285
00:14:55,760 --> 00:14:57,880
Like things are going to go much
slower for you guys. 

286
00:14:57,920 --> 00:15:01,280
So I don't know. 
Yeah, I think we need to rebrand

287
00:15:01,280 --> 00:15:04,240
from simply Bitcoin to simply 
crypto so we can get that cover 

288
00:15:04,240 --> 00:15:07,520
of hey guys, we're we're not 
really changing anything. 

289
00:15:07,520 --> 00:15:09,320
We're we're just talking about 
crypto. 

290
00:15:09,320 --> 00:15:11,960
We just want that VC money. 
Now I'm trolling. 

291
00:15:11,960 --> 00:15:13,560
Oh, now, now I'm going to get 
cut out. 

292
00:15:13,680 --> 00:15:15,760
I'm going to get clipped out of 
context here. 

293
00:15:16,320 --> 00:15:19,040
RIP yeah, that's totally going 
to get clipped. 

294
00:15:19,040 --> 00:15:21,880
I'm totally getting clipped. 
But anyways, a lot of people on 

295
00:15:21,880 --> 00:15:27,680
Twitter, this is where this is 
where the maybe the, the Twitter

296
00:15:28,200 --> 00:15:31,680
conspiracy theories are flying 
or you know, the, the Twitter 

297
00:15:31,680 --> 00:15:35,080
schizophrenic kind of mimetic 
powers flying. 

298
00:15:35,400 --> 00:15:38,360
But there was an interesting 
tweet and I, I'm not reading too

299
00:15:38,360 --> 00:15:41,560
deep into this, but it is kind 
of an interesting, interesting 

300
00:15:41,560 --> 00:15:44,200
view here. 
So this guy tweeted, I don't 

301
00:15:44,200 --> 00:15:47,320
know who it was and other people
were tweeting this, but we have 

302
00:15:47,440 --> 00:15:51,520
Tesla launched a $250 tequila 
two weeks before S&P inclusion. 

303
00:15:51,920 --> 00:15:54,600
And here you got the tequila 
bottle 250. 

304
00:15:54,600 --> 00:15:57,080
I get. 
I'm I'm sure it might have been 

305
00:15:57,080 --> 00:16:00,800
good tequila, who knows. 
And then yesterday, micro 

306
00:16:00,800 --> 00:16:04,880
strategy dropped their $250 
dunks with strategy on it. 

307
00:16:04,880 --> 00:16:09,000
Orange, orange blasted. 
I don't know if we can read too 

308
00:16:09,000 --> 00:16:13,200
much into this, but there has 
been a lot of people saying that

309
00:16:13,200 --> 00:16:17,000
the strategy inclusion into the 
S&P 500 is a lock. 

310
00:16:17,360 --> 00:16:19,760
That's kind of more like the 
what the rumor mill is saying. 

311
00:16:19,760 --> 00:16:22,760
So I don't know if if Sailor 
knows something we don't. 

312
00:16:23,080 --> 00:16:27,560
Is this just a coincidence or is
this kind of telling us that, 

313
00:16:27,560 --> 00:16:29,360
yeah, they're going to get added
later today? 

314
00:16:29,720 --> 00:16:33,160
And I think the historical 
precedent of a Bitcoin company 

315
00:16:33,160 --> 00:16:36,240
just at large, like, well, 
rather Bitcoin treasury company 

316
00:16:36,240 --> 00:16:39,080
get an add to the S&P 500. 
It's going to be a huge 

317
00:16:39,080 --> 00:16:41,520
monumental moment for for the 
space in general. 

318
00:16:41,520 --> 00:16:44,160
I know a lot of Bitcoiners don't
like the financialization of 

319
00:16:44,160 --> 00:16:48,920
Bitcoin, but this is kind of one
of those, I don't know, awards, 

320
00:16:48,920 --> 00:16:51,920
you know, maybe maybe you could 
say this is one of those moments

321
00:16:51,920 --> 00:16:55,600
where it's like, OK, guys, as 
Bitcoiners, we have entered into

322
00:16:55,600 --> 00:16:57,400
the mainstream. 
We have entered into the big 

323
00:16:57,400 --> 00:16:59,520
leagues. 
Yes, it's through Sailor sailors

324
00:16:59,520 --> 00:17:03,720
been doing, I don't know genius 
master for work in, in, in terms

325
00:17:03,720 --> 00:17:07,280
of corporate Bitcoin adoption or
getting big corporate guys to 

326
00:17:07,280 --> 00:17:10,200
get into Bitcoin. 
He was the first one to kind of 

327
00:17:10,200 --> 00:17:13,520
dive in all in and now it seems 
to be catching on. 

328
00:17:13,520 --> 00:17:16,680
So I think later today, again, I
believe it's going to be around 

329
00:17:16,680 --> 00:17:19,680
5:00 PM Eastern Time, we will 
know what is going on. 

330
00:17:21,359 --> 00:17:24,079
I don't know if it's, you know, 
buy, buy the rumor, sell the 

331
00:17:24,079 --> 00:17:27,040
news scenario here. 
But I'm sure if it gets added 

332
00:17:27,040 --> 00:17:29,640
the, the, all the bitcoiners 
that sold their stacks to buy 

333
00:17:29,640 --> 00:17:32,920
MicroStrategy will be very happy
'cause I'm sure the price will 

334
00:17:32,920 --> 00:17:36,320
pump. 
So will you read into this a 

335
00:17:36,320 --> 00:17:40,560
lot, Chris? 
The $250 dunks, $250 tequila. 

336
00:17:41,200 --> 00:17:43,920
Is there anything here? 
Is this just Bitcoin Twitter 

337
00:17:43,920 --> 00:17:48,800
shit posting? 
I don't know, I, I mean, maybe 

338
00:17:48,800 --> 00:17:51,120
they're hinting that they are 
going to be included, but I know

339
00:17:51,120 --> 00:17:54,560
normally markets move with 
information and their stock is 

340
00:17:54,560 --> 00:17:57,720
only up .75%. 
The betting markets are showing 

341
00:17:57,720 --> 00:18:00,720
that they're only 20% chance of 
getting added. 

342
00:18:00,920 --> 00:18:03,400
I think that they're hopeful 
that they do, but I think the 

343
00:18:03,400 --> 00:18:06,520
markets are unsure. 
Like normally if someone leaks 

344
00:18:06,520 --> 00:18:10,320
or you know, some S&P 500 
staffers like, yo, we're green 

345
00:18:10,320 --> 00:18:12,680
light and like, you know, not 
saying there's insider 

346
00:18:12,680 --> 00:18:15,560
information that happens OPI, 
but you know, you see what some 

347
00:18:15,560 --> 00:18:17,840
of the trading records of some 
people in Congress, I'm just 

348
00:18:17,840 --> 00:18:20,760
saying they haven't loaded up or
to my knowledge, Nancy Pelosi 

349
00:18:20,760 --> 00:18:23,440
hasn't loaded up on strategy 
stock yet, so. 

350
00:18:24,360 --> 00:18:26,800
Yeah, where's the Nancy Pelosi 
stock tracker? 

351
00:18:26,800 --> 00:18:28,760
Has she been buying 
MicroStrategy? 

352
00:18:28,760 --> 00:18:32,000
Because if she is, then we know 
they're getting added. 

353
00:18:32,240 --> 00:18:36,680
Yeah, if they, if she, dude, if 
she is, we should all, we should

354
00:18:36,680 --> 00:18:39,120
all load up on MicroStrategy 
right now, so. 

355
00:18:39,120 --> 00:18:40,480
Just kidding, not financial 
advice. 

356
00:18:40,520 --> 00:18:43,880
Yeah, that was satire. 
That was satire. 

357
00:18:43,880 --> 00:18:48,560
I, I do not own MicroStrategy, 
though I probably should have in

358
00:18:48,560 --> 00:18:51,080
2020, but it's a little late. 
It's a little late for them. 

359
00:18:51,440 --> 00:18:53,640
Anyways, guys, I got a jam 
packed show for you. 

360
00:18:53,640 --> 00:18:59,880
So Bitwise CIO, I believe it was
the CIO was on CNBC yesterday 

361
00:18:59,880 --> 00:19:04,720
and he's getting kind of bullish
and the numbers are, if the, if 

362
00:19:04,720 --> 00:19:09,240
he is correct, the numbers that 
are on the horizon to get into 

363
00:19:09,240 --> 00:19:11,320
Bitcoin are going to be 
staggering. 

364
00:19:11,560 --> 00:19:13,360
Second, we have some more news 
coming out of banks. 

365
00:19:13,360 --> 00:19:15,520
It looks like banks are all 
pivoting into Bitcoin. 

366
00:19:15,840 --> 00:19:21,520
And then third, in the culture, 
there was an interesting clip on

367
00:19:21,520 --> 00:19:24,560
Diary of Aceo, one of the 
biggest podcasts right now. 

368
00:19:24,560 --> 00:19:27,880
I was actually looking at his 
podcast yesterday, just his 

369
00:19:27,880 --> 00:19:31,880
growth and this guy got like 10 
million Subs in about like a 

370
00:19:31,880 --> 00:19:33,880
year or two. 
It's absolutely incredible. 

371
00:19:34,160 --> 00:19:37,560
Anyways, there's an AI 
researcher on it and he was even

372
00:19:37,560 --> 00:19:40,520
joking about this is not 
financial advice, but he has an 

373
00:19:40,520 --> 00:19:44,200
interesting take on AI and 
Bitcoin and basically why you 

374
00:19:44,200 --> 00:19:47,400
need to buy Bitcoin. 
So the signal is getting out 

375
00:19:47,400 --> 00:19:50,080
there guys. 
Anyways, before I keep going, 

376
00:19:50,360 --> 00:19:53,400
got to remind you guys smash the
like button, comment on the 

377
00:19:53,400 --> 00:19:54,280
show. 
What do you think about the 

378
00:19:54,280 --> 00:19:56,200
show? 
And of course hit the subscriber

379
00:19:56,360 --> 00:20:00,400
follow button with the 
subscriber button and you know. 

380
00:20:00,960 --> 00:20:03,120
Put the notifications on. 
We're dropping the best content,

381
00:20:03,120 --> 00:20:07,280
the most content here on YouTube
and Rumble and Twitter. 

382
00:20:07,680 --> 00:20:12,360
And on that note, I do need to 
give a shout out to our boys 

383
00:20:12,360 --> 00:20:14,360
over at Bitcoin. 
Well, go to 

384
00:20:14,680 --> 00:20:20,400
bitcoinwell.com/simply BTC. 
Of course when you sign up, you 

385
00:20:20,400 --> 00:20:22,960
get three chances to win a 
million sets. 

386
00:20:22,960 --> 00:20:27,880
I will be doing the Bitcoin Well
giveaway later at on the show we

387
00:20:27,880 --> 00:20:29,400
will be giving away free 
Bitcoin. 

388
00:20:29,640 --> 00:20:32,080
But when you sign up, scan the 
QR code, you get three chances 

389
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to win. 
Of course, the reason we love 

390
00:20:34,080 --> 00:20:36,720
them is because they will never 
lose Bitcoin. 

391
00:20:36,720 --> 00:20:40,560
They have never lost Bitcoin and
there's no possibility of them 

392
00:20:40,560 --> 00:20:43,520
ever losing your Bitcoin when 
you buy from them. 

393
00:20:43,800 --> 00:20:46,720
Once your Fiat goes through, the
Bitcoin gets sent directly to 

394
00:20:46,720 --> 00:20:49,160
you. 
Yes, that does mean you need a 

395
00:20:49,200 --> 00:20:51,400
Bitcoin Bitcoin wallet to buy 
from them. 

396
00:20:51,720 --> 00:20:54,120
But hey, you know, we do the 
hard things here. 

397
00:20:54,120 --> 00:20:57,480
You need to make sure that you 
are securing this Bitcoin for 

398
00:20:57,480 --> 00:20:59,880
the long term. 
Now, if you're on the sidelines,

399
00:21:00,240 --> 00:21:03,040
you have $50,000 or more and you
want to get it into Bitcoin, go 

400
00:21:03,040 --> 00:21:05,320
to the Bitcoin Infinite Well 
team and they will give you 

401
00:21:05,320 --> 00:21:09,440
white glove service so that you 
can stack Bitcoin correctly and 

402
00:21:09,440 --> 00:21:11,960
secure it correctly and get it 
in bulk. 

403
00:21:12,240 --> 00:21:14,320
All right, on that note, guys, 
let's get into the rest of the 

404
00:21:14,320 --> 00:21:22,760
show. 
I want to give a shout out to 

405
00:21:22,760 --> 00:21:26,000
our partner Stamp seed. 
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406
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OK, guys, let's go over here to 

425
00:22:37,160 --> 00:22:40,520
Clark Moody's dashboard. 
The current Bitcoin price is 

426
00:22:40,520 --> 00:22:44,840
$110,800. 
It actually went up to 113 

427
00:22:44,840 --> 00:22:48,320
earlier today. 
And then the markets open and it

428
00:22:48,320 --> 00:22:51,600
dumped back down to 110. 
Love to see it. 

429
00:22:51,600 --> 00:22:55,560
Love to see it. 9:00 AM Eastern 
Time, the price of Bitcoin just 

430
00:22:55,560 --> 00:22:57,360
dumped. 
So when it declined from all 

431
00:22:57,360 --> 00:23:01,280
time high of -11% it's not too 
bad I guess. 

432
00:23:01,280 --> 00:23:04,560
The market cap is $2.21 trillion
and the current block height is 

433
00:23:04,560 --> 00:23:08,920
913,314. 
OK guys. 

434
00:23:08,920 --> 00:23:13,880
So as I was telling you, first 
of all, my I was caught by 

435
00:23:13,880 --> 00:23:17,160
Bitcoin archives tweet here he 
says $15 billion. 

436
00:23:17,160 --> 00:23:21,040
Bitwise tell CNBC that $5 
trillion in buying pressure is 

437
00:23:21,040 --> 00:23:24,520
coming to Bitcoin. 
Send it I, I was watching this 

438
00:23:24,520 --> 00:23:27,080
and I didn't hear 5 trillion in 
the clip. 

439
00:23:27,560 --> 00:23:31,600
So Archie, I don't know if you 
missed the one on this or what, 

440
00:23:31,600 --> 00:23:34,920
but it is interesting. 
It is an interesting tell of 

441
00:23:34,920 --> 00:23:37,400
what's going on. 
It's essentially what we've been

442
00:23:37,400 --> 00:23:40,280
saying for a while. 
It does seem like the 

443
00:23:40,280 --> 00:23:43,760
institutions are here. 
They haven't fully dived into 

444
00:23:43,760 --> 00:23:47,520
Bitcoin in mass yet. 
They're kind of still tiptoeing 

445
00:23:47,520 --> 00:23:51,040
into the market, you know, maybe
investing 1% of their 

446
00:23:51,040 --> 00:23:54,320
portfolios. 
But even if they continue to do 

447
00:23:54,320 --> 00:24:01,400
that, I think it's what 3% of 
hedge fund managers that were 

448
00:24:01,480 --> 00:24:05,600
surveyed around at this was all 
the hedge funds surveyed around 

449
00:24:05,600 --> 00:24:06,800
their investments in the 
Bitcoin. 

450
00:24:06,800 --> 00:24:11,600
I think it was like 3% of them 
are pro Bitcoin, and they're 

451
00:24:11,600 --> 00:24:13,640
really only going into the 
market at like 1%. 

452
00:24:13,640 --> 00:24:16,560
So there's still a lot of 
capital to be found here. 

453
00:24:17,480 --> 00:24:21,000
And Bitwise is saying they're 
having these conversations and 

454
00:24:21,400 --> 00:24:24,560
they might be on the verge of 
going in bulk, though it wasn't 

455
00:24:24,560 --> 00:24:26,440
5 trillion. 
But the math does get 

456
00:24:26,440 --> 00:24:28,880
interesting after the fact. 
So let's talk about this. 

457
00:24:30,280 --> 00:24:34,160
Well, every day a bit wise, we 
talk to institutional investors.

458
00:24:34,160 --> 00:24:38,120
These are Raas, hedge funds, 
family offices, high net worth 

459
00:24:38,120 --> 00:24:41,040
individuals. 
And the pattern continues to 

460
00:24:41,040 --> 00:24:44,280
emerge that more and more of 
these investors are starting 

461
00:24:44,280 --> 00:24:48,080
with a 1% allocation to Bitcoin 
as they build their portfolio. 

462
00:24:48,080 --> 00:24:51,280
And then what we've seen time 
and time again is those 1% 

463
00:24:51,280 --> 00:24:55,320
allocations ladder up to 2, 
three, 5%. 

464
00:24:55,480 --> 00:24:58,400
Now many investors that we're 
speaking to have a much larger 

465
00:24:58,400 --> 00:25:01,480
allocation than that. 
But we believe that investors 

466
00:25:01,480 --> 00:25:05,760
will allocate somewhere between 
1 to 5% of their portfolios to 

467
00:25:05,760 --> 00:25:08,080
Bitcoin. 
If you just take a step back and

468
00:25:08,080 --> 00:25:13,600
think about how Bitcoin has a 21
million supply or how Bitcoin 

469
00:25:13,600 --> 00:25:18,240
has a 21 million fixed supply, 
if you think about what a 1 to 

470
00:25:18,240 --> 00:25:23,120
5% allocation would be for the 
100 trillion institutional 

471
00:25:23,120 --> 00:25:26,200
investment space, that's 1.5 
trillion of additional buying 

472
00:25:26,200 --> 00:25:28,160
pressure for Bitcoin over the 
next 10 years. 

473
00:25:28,160 --> 00:25:31,640
And that's why we think there 
will be a continued sustained 

474
00:25:31,920 --> 00:25:34,880
supply and demand imbalance that
will drive the price higher. 

475
00:25:35,680 --> 00:25:37,960
Hey, I would love to see that 
come in. 

476
00:25:37,960 --> 00:25:42,560
You know, 1.5 trillion sounds 
good to me, though he did say 

477
00:25:42,560 --> 00:25:44,840
one thing at the end. 
And then I I do kind of want to 

478
00:25:44,840 --> 00:25:46,880
touch on the 1.5 trillion 
number. 

479
00:25:47,200 --> 00:25:50,080
It's kind of what I've been 
saying the last couple of days. 

480
00:25:50,080 --> 00:25:55,200
I think we're all kind of 
underestimating the unlimited 

481
00:25:55,200 --> 00:25:58,040
bid that we are, that we're on 
the verge of seeing. 

482
00:25:58,040 --> 00:26:00,720
Yes, it's been trickling into 
Bitcoin, but we're starting to 

483
00:26:00,720 --> 00:26:04,800
see that these institutions, 
sovereign wealth funds, nation 

484
00:26:04,800 --> 00:26:07,600
states want to acquire a 
position in Bitcoin. 

485
00:26:07,800 --> 00:26:11,360
And if they do that and they 
have this long term horizon 

486
00:26:11,360 --> 00:26:15,160
about it, we might be seeing an 
unlimited bid in the sense that 

487
00:26:15,160 --> 00:26:18,400
we will always get a buyer, a 
constant buyer of Bitcoin. 

488
00:26:18,400 --> 00:26:19,680
And of course, what does that 
mean? 

489
00:26:19,680 --> 00:26:23,560
It means the price is going to 
go up, Maybe it'll be slower 

490
00:26:23,560 --> 00:26:26,960
than a parabolic run. 
But if we get a constant bid, it

491
00:26:26,960 --> 00:26:30,840
means two things, prices going 
up and probably less of a bear 

492
00:26:30,840 --> 00:26:32,800
market. 
So I'm all for that now. 

493
00:26:33,160 --> 00:26:37,560
This morning when I was covering
this clip, I was chatting with 

494
00:26:37,560 --> 00:26:43,160
Luke about it and he reminded me
of we, we were using the five 

495
00:26:43,160 --> 00:26:45,880
trillion number and we were 
like, man, this is a juicy story

496
00:26:45,880 --> 00:26:49,840
when it comes to $5 trillion of 
capital coming into Bitcoin. 

497
00:26:49,840 --> 00:26:53,600
Cause everyone usually thinks 
that it's like a 1 to 1 addition

498
00:26:53,600 --> 00:26:56,560
to the market cap. 
Oh, if 5 trillion or 1.5 

499
00:26:56,560 --> 00:26:59,240
trillion comes into Bitcoin, 
then that means we're gonna add 

500
00:26:59,240 --> 00:27:03,720
1.5 trillion to the market cap. 
But again, a lot of us kind of 

501
00:27:04,040 --> 00:27:08,040
forget about the multiplier 
effect basically because Bitcoin

502
00:27:08,200 --> 00:27:12,360
is so, it is liquid, but it's so
illiquid in, in the sense like 

503
00:27:12,360 --> 00:27:14,840
there's not that much Bitcoin 
that is being traded. 

504
00:27:15,080 --> 00:27:20,360
It's the multiplier effect 
exactly exactly. 

505
00:27:20,360 --> 00:27:23,680
And so the multiplier effect is 
where things get very 

506
00:27:23,680 --> 00:27:27,320
interesting because you you can 
use different numbers, a 

507
00:27:27,320 --> 00:27:30,520
conservative and I think we 
heard multiplier effect is about

508
00:27:30,520 --> 00:27:34,800
3 times. 
On a more like extreme level, 

509
00:27:34,800 --> 00:27:38,440
we've heard 21. 
If you use the average, I think 

510
00:27:38,440 --> 00:27:41,640
it was around 8 times. 
So essentially I'm going to use 

511
00:27:41,640 --> 00:27:44,760
the conservative numbers here. 
So for every dollar that comes 

512
00:27:44,760 --> 00:27:47,800
in, essentially the price will 
move up $3.00. 

513
00:27:47,800 --> 00:27:52,000
So if you want to look at 1.5 
trillion coming into Bitcoin, 

514
00:27:52,000 --> 00:27:55,880
it's not 1.5 trillion simply 
being added to the market cap. 

515
00:27:55,880 --> 00:28:02,880
That would lead it to what, a 
three-point 75 trillion or $3.71

516
00:28:02,880 --> 00:28:06,640
trillion market cap? 
That sounds nice, but if you do 

517
00:28:06,720 --> 00:28:11,520
a multiplier fract on this, it's
what, about 4 trillion coming 

518
00:28:11,520 --> 00:28:13,040
in? 
So that would mean Bitcoin's at 

519
00:28:13,040 --> 00:28:17,680
like a $6 trillion market cap. 
That sounds fun. 

520
00:28:18,440 --> 00:28:21,320
I'm I'd be here for this. 
And that's a price move to about

521
00:28:21,320 --> 00:28:26,680
the 300,000 range, like 280 to 
like 3350 ish, 300,000 per 

522
00:28:26,680 --> 00:28:29,440
Bitcoin opti. 
I guess the one thing I'll note 

523
00:28:29,440 --> 00:28:32,760
is I think the one to 5% in the 
5 trillion is what they're 

524
00:28:32,760 --> 00:28:35,920
saying is you're taking 3 
buckets and the three buckets 

525
00:28:35,920 --> 00:28:40,000
are bonds, equities and cash. 
So bonds globally 300 trillion, 

526
00:28:40,160 --> 00:28:44,760
equities about 115 trillion and 
money, call it 120 trillion. 

527
00:28:44,920 --> 00:28:49,600
So adding those three together, 
$135 trillion, but let's just 

528
00:28:49,600 --> 00:28:53,720
say 500 for round even numbers, 
1% allocation of those buckets, 

529
00:28:53,840 --> 00:28:57,360
that's excluding gold, 
collectibles, real estate, 

530
00:28:57,560 --> 00:28:59,640
natural resources, like other 
things. 

531
00:29:00,000 --> 00:29:02,840
But just in those three buckets 
of equities, bonds and cash, 

532
00:29:03,000 --> 00:29:06,600
it's saying 1% of 500 trillion. 
Moving that into the allocation 

533
00:29:06,600 --> 00:29:09,080
of Bitcoin is 5 trillion. 
So I think that's kind of where 

534
00:29:09,080 --> 00:29:11,520
the loose number of where 
they're getting it, like global 

535
00:29:11,520 --> 00:29:14,880
assets about 900 trillion, but 
that's excluding real estate, 

536
00:29:14,960 --> 00:29:19,360
natural resources, gold are 
excluding Bitcoin as well, cars 

537
00:29:19,360 --> 00:29:21,560
and collectibles and such. 
But yeah, I think they're just 

538
00:29:21,560 --> 00:29:23,560
kind of looking at those 3 
buckets of cash, equities and 

539
00:29:23,560 --> 00:29:25,240
bonds. 
Well, all right. 

540
00:29:25,240 --> 00:29:29,840
We'll, we'll do, we'll do the $5
trillion capital coming in, 

541
00:29:29,840 --> 00:29:32,840
because this is where the math 
was, was very interesting. 

542
00:29:33,160 --> 00:29:35,400
It depends on what multiplier 
effect you're using. 

543
00:29:35,680 --> 00:29:39,480
But if 5 trillion does find its 
way into Bitcoin and say we're 

544
00:29:39,480 --> 00:29:44,000
doing a multiplier effect of 
eight, that's what $40 trillion 

545
00:29:44,000 --> 00:29:47,560
added to the market cap. 
That's where Bitcoin goes from 

546
00:29:47,560 --> 00:29:51,040
where we are today, 100K to 
about $2,000,000. 

547
00:29:51,160 --> 00:29:53,920
Hey, look, I'm here for that. 
Let's do this. 

548
00:29:53,920 --> 00:29:57,160
I, I'm all for this. 
So multiplier effects, very 

549
00:29:57,160 --> 00:29:59,040
interesting. 
We kind of broke him down on the

550
00:29:59,040 --> 00:30:03,040
show before, but man, Chris 
wouldn't wouldn't we love to see

551
00:30:03,160 --> 00:30:06,440
40 trillion come into the market
overnight? 

552
00:30:06,440 --> 00:30:09,920
Well, maybe in a in a couple of 
months that that would be, that 

553
00:30:09,920 --> 00:30:12,400
would be incredible. 
Well, I'll add to. 

554
00:30:12,400 --> 00:30:15,560
That point I know Jeff Booth and
Greg Voss and a lot of other 

555
00:30:15,560 --> 00:30:19,000
people in the bond markets have 
talked about this like obviously

556
00:30:19,000 --> 00:30:20,800
we think Bitcoin is a better 
version of gold. 

557
00:30:20,960 --> 00:30:22,880
So that's 20 trillion right 
there. 

558
00:30:22,880 --> 00:30:25,080
I mean, let's just assume, you 
know, we're going to get to that

559
00:30:25,080 --> 00:30:27,560
point of we're at 2 trillion 
that 20 trillion, but then that 

560
00:30:27,600 --> 00:30:31,640
that even excludes 26 trillion 
of negative yielding bonds. 

561
00:30:31,840 --> 00:30:34,280
Like Opie, I will literally give
you this trade and this is not a

562
00:30:34,280 --> 00:30:35,760
fake thing. 
I know this sounds ridiculous. 

563
00:30:35,760 --> 00:30:38,200
This is what the US government 
does literally every day. 

564
00:30:38,320 --> 00:30:41,440
And I know that there's, you 
know, the threat of, I hate they

565
00:30:41,440 --> 00:30:45,920
say monopoly on violence or 
threat of coercion or something 

566
00:30:45,920 --> 00:30:47,840
like that. 
But basically it's like, hey 

567
00:30:47,880 --> 00:30:51,600
Appi, I will give you a bond 
yielding like what's it 4% right

568
00:30:51,600 --> 00:30:54,160
now? 
And I guarantee that I will give

569
00:30:54,160 --> 00:30:58,040
you back, you know, on nominal 
terms, $104.00 worth of that 

570
00:30:58,040 --> 00:30:59,200
bond. 
You're like, oh, that's OK. 

571
00:30:59,200 --> 00:31:01,920
Again, a 4% return. 
But that excludes the amount of 

572
00:31:01,920 --> 00:31:04,400
money printing that I'm doing 
that the purchasing power of 

573
00:31:04,400 --> 00:31:08,960
that $104.00 is only going to 
buy you about $97.95 dollars, 

574
00:31:09,080 --> 00:31:12,240
you know, maybe $90.00 worth of,
of goods and services. 

575
00:31:12,360 --> 00:31:15,440
That's obviously whatever you're
assuming your inflation rate is.

576
00:31:15,600 --> 00:31:18,560
Obviously the Federal Reserve 
cooks the books and uses CPI 

577
00:31:18,560 --> 00:31:22,200
numbers excluding housing or 
energy or all these different 

578
00:31:22,200 --> 00:31:24,200
things. 
And they say it's around 2 now 

579
00:31:24,200 --> 00:31:26,720
it's at 3% because we had COVID 
and all this money printing. 

580
00:31:26,840 --> 00:31:29,040
But if you want to use other 
things like the Chapwood index 

581
00:31:29,160 --> 00:31:33,560
or shadow stats, that's much 
higher at seven, 1015% per year.

582
00:31:33,680 --> 00:31:37,160
And obviously, we're seeing 
assets inflate the S&P 500 or, 

583
00:31:37,200 --> 00:31:39,680
you know, stocks, bonds, real 
estate, whatever it is like 

584
00:31:39,680 --> 00:31:44,160
those, those assets are going up
in conjunction with inflation. 

585
00:31:44,160 --> 00:31:46,840
And obviously what they do in 
the CPI index is they replace 

586
00:31:46,840 --> 00:31:50,320
instead of, you know, 1 LB of 
steak, we're going to replace it

587
00:31:50,320 --> 00:31:52,320
1 LB of chicken. 
Oh, chicken's getting too 

588
00:31:52,320 --> 00:31:54,680
expensive now. 
Oh, it's 1 LB of pork, Then it's

589
00:31:54,680 --> 00:31:57,200
going to be 1 LB of meat 
equivalents. 

590
00:31:57,280 --> 00:31:59,960
Then it's going to be 1 LB of 
Impossible burger meat. 

591
00:31:59,960 --> 00:32:01,720
Like, you know, fake, chemically
made stuff. 

592
00:32:01,720 --> 00:32:04,880
So like they're always changing 
the basket of goods in order to 

593
00:32:04,880 --> 00:32:07,920
fit their narrative, to fit and 
look like the numbers aren't as 

594
00:32:07,920 --> 00:32:10,680
bad as they say they are. 
So it's just the the corruption 

595
00:32:10,680 --> 00:32:13,440
of money leads to the corruption
and the manipulation of 

596
00:32:13,440 --> 00:32:15,400
everything. 
There's a great quote by Jeff 

597
00:32:15,400 --> 00:32:16,640
Booth and all. 
I'll leave it on this. 

598
00:32:16,840 --> 00:32:21,240
If there is scarcity in money, 
there's abundance in everything 

599
00:32:21,240 --> 00:32:23,000
else. 
But if there's abundance in 

600
00:32:23,000 --> 00:32:26,120
money Fiat, then there's 
scarcity in everything else. 

601
00:32:26,120 --> 00:32:27,960
So just think about that. 
I know it's a great quote, but 

602
00:32:27,960 --> 00:32:31,160
yeah, it's just scarcity and 
abundance of money versus raw 

603
00:32:31,160 --> 00:32:32,920
materials or goods and services 
that you want. 

604
00:32:32,920 --> 00:32:35,120
So I think it's a great quote by
him and I think it really 

605
00:32:35,120 --> 00:32:37,640
highlights the Fiat dilemma that
we find ourselves in. 

606
00:32:37,840 --> 00:32:39,880
Yeah, I was going to say we. 
Don't really have to think about

607
00:32:39,880 --> 00:32:41,560
it too much. 
We're kind of living through it 

608
00:32:41,560 --> 00:32:44,280
currently as we speak. 
There is an abundance of money 

609
00:32:44,280 --> 00:32:47,160
and they're, they're talking 
about, you know, creating even 

610
00:32:47,160 --> 00:32:51,680
more money and there is a lot of
scarcity in things currently 

611
00:32:51,680 --> 00:32:54,320
playing out. 
So hey, I know it sounds utopian

612
00:32:54,320 --> 00:32:58,080
for a lot of people what Bitcoin
future might be like, but I 

613
00:32:58,080 --> 00:33:00,760
don't think it's utopian, man. 
It's just it's pure maths here. 

614
00:33:00,760 --> 00:33:03,160
We're going to go back to 
Bitcoin is math. 

615
00:33:03,240 --> 00:33:06,240
It's very simple. 
Yeah, I I got it. 

616
00:33:06,240 --> 00:33:07,760
All right, guys. 
I got to keep it moving. 

617
00:33:07,920 --> 00:33:10,280
The storm's going there. 
It's like stormy here. 

618
00:33:10,280 --> 00:33:11,720
And I think I got to go on the 
hard line. 

619
00:33:11,720 --> 00:33:14,920
So we're going to keep it moving
here because I might, I might 

620
00:33:14,920 --> 00:33:18,640
get shut off real quick. 
Give me one second I want to 

621
00:33:18,640 --> 00:33:21,680
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623
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625
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626
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634
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635
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636
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637
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639
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641
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643
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644
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649
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650
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All right, guys, we're back. 

651
00:35:11,360 --> 00:35:16,880
FYI, Chris, if I get shut off, 
it's storming right now, OK? 

652
00:35:17,080 --> 00:35:19,480
It's like lightning's hitting me
as we speak. 

653
00:35:19,760 --> 00:35:22,800
OK, Anyways, back to the show, 
back to the news. 

654
00:35:22,800 --> 00:35:27,000
So I think an interesting trend 
we are seeing in here, I'm going

655
00:35:27,000 --> 00:35:29,360
to full screen me, give some 
context here. 

656
00:35:30,040 --> 00:35:33,560
This news in and of itself is 
probably not that interesting, 

657
00:35:33,560 --> 00:35:38,560
but it is showing that because 
we are seeing more regulatory 

658
00:35:38,560 --> 00:35:42,040
clarity, or rather more talk of 
regulatory clarity, you're 

659
00:35:42,040 --> 00:35:45,280
starting to see that the 
institutions are feeling a 

660
00:35:45,280 --> 00:35:48,560
little more comfortable around 
Bitcoin and now they are 

661
00:35:48,560 --> 00:35:52,480
starting to make their moves. 
And so this really leads to what

662
00:35:52,480 --> 00:35:55,560
is coming down the pipeline and 
and that's where we'll probably 

663
00:35:55,560 --> 00:35:59,840
take this conversation. 
So U.S. bank reserves resumes 

664
00:35:59,840 --> 00:36:02,800
Bitcoin, cryptocurrency custody 
services for institutional 

665
00:36:02,800 --> 00:36:05,560
investment managers. 
So the US Bank announced today 

666
00:36:06,000 --> 00:36:09,600
is this today Yes Oh no, this 
was actually a day ago U.S. bank

667
00:36:09,600 --> 00:36:12,240
announced today that it has 
resumed offering cryptocurrency 

668
00:36:12,240 --> 00:36:16,280
custody services originally 
announced in 2021 as an early 

669
00:36:16,280 --> 00:36:19,480
access program to global fund 
services client, the services 

670
00:36:19,480 --> 00:36:22,080
are intended for institutional 
investment managers with 

671
00:36:22,080 --> 00:36:25,160
registered or private funds who 
seek a secure safekeeping 

672
00:36:25,160 --> 00:36:28,360
solution for Bitcoin. 
NYDIG, a Bitcoin company 

673
00:36:28,360 --> 00:36:32,640
basically backed by Bitcoiners 
and bridging the gap at in Wall 

674
00:36:32,640 --> 00:36:35,800
Street and institutions, A 
vertically integrated Bitcoin 

675
00:36:36,000 --> 00:36:38,920
financial service and power 
infrastructure firm, will act as

676
00:36:39,040 --> 00:36:41,040
the Bitcoin sub custodian. 
Quote. 

677
00:36:41,320 --> 00:36:43,760
We're proud that we were one of 
the first banks to offer 

678
00:36:43,760 --> 00:36:46,600
cryptocurrency custody for fun 
and institutional custody 

679
00:36:46,600 --> 00:36:50,640
clients back in 2021, and we're 
excited to resume the service 

680
00:36:50,640 --> 00:36:53,000
this year. 
Following greater regulatory 

681
00:36:53,000 --> 00:36:56,000
clarity, we've expanded our 
offering to include Bitcoin 

682
00:36:56,000 --> 00:36:59,200
ETFs, which allow us to provide 
full service solutions for 

683
00:36:59,200 --> 00:37:02,840
managers seeking custody and 
administration administration 

684
00:37:02,840 --> 00:37:05,600
services. 
Nate Nidig is honored to partner

685
00:37:05,600 --> 00:37:08,520
with U.S. bank as its primary 
provider for Bitcoin custody 

686
00:37:08,520 --> 00:37:10,720
services. 
Together, we can bridge the gap 

687
00:37:10,720 --> 00:37:13,200
between traditional finance and 
the modern economy by 

688
00:37:13,200 --> 00:37:17,080
facilitating access for global 
funding services clients to 

689
00:37:17,080 --> 00:37:20,760
Bitcoin as sound money delivered
with the safety and security 

690
00:37:20,760 --> 00:37:23,760
expected by regulated financial 
institutions. 

691
00:37:23,760 --> 00:37:28,240
And you know, U.S. bank 68 six, 
$686 billion in assets. 

692
00:37:28,520 --> 00:37:32,400
NYDIG is basically a Bitcoin 
company that just kind of got 

693
00:37:32,400 --> 00:37:34,920
launched a few years ago on a 
Wall Street. 

694
00:37:35,280 --> 00:37:36,560
It's backed by. 
Hi Chris. 

695
00:37:36,560 --> 00:37:37,920
You probably remember who I'm 
I'm. 

696
00:37:38,320 --> 00:37:40,920
Is it? 
I'm blanking on his name. 

697
00:37:41,480 --> 00:37:44,800
NYDIG is it Ross, Ross Stevens? 
I believe Ross Stevens. 

698
00:37:45,280 --> 00:37:48,880
Yeah, Ross Stevens, He's he's. 
A OG Bitcoiner, he's been around

699
00:37:48,880 --> 00:37:52,520
for a while. 
And then I think the big take 

700
00:37:52,520 --> 00:37:56,000
away here is this one quote 
here. 

701
00:37:56,000 --> 00:38:00,400
Obviously we're not the biggest 
fans of ETFs, but hey, Wall 

702
00:38:00,400 --> 00:38:03,800
Street loves ETFs. 
We're seeing the impact that the

703
00:38:03,800 --> 00:38:06,600
Black Rock ETF has made. 
We're seeing the impact of ETFs 

704
00:38:06,600 --> 00:38:08,880
in general. 
Again, I have this whole theory 

705
00:38:08,880 --> 00:38:12,480
that I think since ETFs got 
launched, it's fundamentally 

706
00:38:12,480 --> 00:38:15,520
shifted the market structure of 
Bitcoin and we are in a new 

707
00:38:15,520 --> 00:38:17,880
paradigm ever since they 
launched the ETFs. 

708
00:38:18,160 --> 00:38:20,320
But it's basically this quote 
right here. 

709
00:38:20,600 --> 00:38:24,280
Following greater regulatory 
clarity, we expanded our brings 

710
00:38:24,280 --> 00:38:28,440
to include ETFs which allow us 
to provide full service 

711
00:38:28,440 --> 00:38:30,720
solutions. 
Now, of course, I wouldn't be 

712
00:38:30,720 --> 00:38:33,880
trusting banks with my custody 
solutions. 

713
00:38:33,880 --> 00:38:36,080
Obviously, I'm not an 
institutional manager here. 

714
00:38:36,400 --> 00:38:39,640
I, I don't have a license, I, I 
don't run a firm or anything 

715
00:38:39,640 --> 00:38:42,560
like that. 
And of course, there are more 

716
00:38:42,560 --> 00:38:46,520
stringent regulations for people
that do run firms, But I think 

717
00:38:46,520 --> 00:38:49,560
the point remains the same as 
we're seeing in this last year, 

718
00:38:49,560 --> 00:38:53,880
rather, since Trump started 
running for, for office and, and

719
00:38:54,160 --> 00:38:57,720
coming back in as president and 
embracing Bitcoin, we are seeing

720
00:38:57,720 --> 00:39:02,360
a shift in the regulatory 
landscape around Bitcoin. 

721
00:39:02,360 --> 00:39:06,000
And this, this seems to be a 
good thing. 

722
00:39:06,000 --> 00:39:10,640
And I, I hate to use the term 
net positive here, but it does 

723
00:39:10,640 --> 00:39:15,760
seem like since we are on the 
verge of seeing a, you know, 

724
00:39:15,760 --> 00:39:18,440
more regulatory clarity, we're, 
we're about to get, you know, 

725
00:39:18,440 --> 00:39:22,680
clear rules of the road here. 
All the banks are trying to get 

726
00:39:22,680 --> 00:39:24,800
into Bitcoin, whether that's 
trying to get micro strategy 

727
00:39:24,800 --> 00:39:28,360
exposure or whether that's 
trying to essentially get their 

728
00:39:28,360 --> 00:39:32,360
foot in the door and become a 
quote, crypto adjacent company 

729
00:39:32,360 --> 00:39:35,480
with custody or offering these 
services to their clients. 

730
00:39:35,880 --> 00:39:38,160
Of course, they want their fees,
they want to make money. 

731
00:39:38,480 --> 00:39:42,640
But it does seem like we we are 
entering an era where we're no 

732
00:39:42,640 --> 00:39:47,160
longer going to get fought here,
that since they are embracing 

733
00:39:47,160 --> 00:39:50,200
our industry, all the biggest 
players are embracing this 

734
00:39:50,200 --> 00:39:53,400
industry as well. 
Whether they want to or not is 

735
00:39:53,400 --> 00:39:55,800
besides the point. 
I think Jamie Dimon is like the 

736
00:39:55,800 --> 00:39:58,480
best example of this. 
He's like, look, I don't like 

737
00:39:58,480 --> 00:40:02,400
this thing, but if my customers 
want to buy this, I guess I will

738
00:40:02,400 --> 00:40:05,760
offer it to you guys. 
So this could be a bending of 

739
00:40:05,760 --> 00:40:08,640
the knee moment where, look, 
they're realizing there's 

740
00:40:08,640 --> 00:40:12,240
something on the horizon. 
If we do get a sense of 

741
00:40:12,240 --> 00:40:15,400
regulatory clarity here, if the 
rules of the road are laid out 

742
00:40:15,400 --> 00:40:18,600
so that they can feel that they 
can come into Bitcoin in bulk. 

743
00:40:19,920 --> 00:40:22,240
I think we're we're slowly but 
surely just taking over the 

744
00:40:22,240 --> 00:40:25,120
world ever since Trump announced
we are going to become the 

745
00:40:25,120 --> 00:40:29,360
Bitcoin superpower of the world.
He is following through in terms

746
00:40:29,360 --> 00:40:33,720
of whether banks can come in SEC
flipping 180% on their view of 

747
00:40:33,720 --> 00:40:36,600
Bitcoin. 
And now it seems like other 

748
00:40:36,600 --> 00:40:41,400
banks are following suit. 
So again, I'm not all four banks

749
00:40:41,640 --> 00:40:45,960
custodying your Bitcoin, but it 
just shows that they want your 

750
00:40:45,960 --> 00:40:48,080
Bitcoin. 
They want, they want a little 

751
00:40:48,080 --> 00:40:51,080
piece of this action. 
And if you've been sitting on 

752
00:40:51,080 --> 00:40:54,360
the sidelines and waiting for 
signals of maybe, you know, 

753
00:40:54,360 --> 00:40:57,280
now's not the right time to get 
into Bitcoin, We have, I think 

754
00:40:57,280 --> 00:41:00,280
all the signals you need to 
relieve you of this stress. 

755
00:41:00,280 --> 00:41:04,160
We have institutional managers 
pushing their portfolios from 1%

756
00:41:04,160 --> 00:41:08,880
to 5% to Ray Dalio saying like 
40% to now the banks coming into

757
00:41:08,880 --> 00:41:11,000
the space and saying, yeah, 
we're going to custody this 

758
00:41:11,000 --> 00:41:13,360
stuff. 
We, we want to offer Bitcoin 

759
00:41:13,360 --> 00:41:16,080
ETFs. 
It seems like the big money's 

760
00:41:16,080 --> 00:41:18,360
here, guys. 
It's, it's no more, no longer 

761
00:41:18,360 --> 00:41:19,720
just speculation that they're 
here. 

762
00:41:19,720 --> 00:41:23,200
I think they are starting to 
really pivot and force into the 

763
00:41:23,200 --> 00:41:25,160
Bitcoin industry for better or 
worse. 

764
00:41:25,600 --> 00:41:27,600
But they, they want a little 
piece of the action. 

765
00:41:27,600 --> 00:41:31,160
So I think this is more tacit 
approval that Bitcoin is slowly 

766
00:41:31,160 --> 00:41:34,200
but surely eating away at the 
traditional financial system. 

767
00:41:34,200 --> 00:41:40,360
Anyways, Chris, from a slightly 
higher IQ vantage point, what's 

768
00:41:40,360 --> 00:41:43,200
your view on this? 
I think the banks want. 

769
00:41:43,200 --> 00:41:45,960
A piece of the action, but they 
want a piece of the action with 

770
00:41:46,040 --> 00:41:47,680
the, the institutional 
investors. 

771
00:41:47,680 --> 00:41:51,000
I think that the banks are kind 
of, I mean, I, I hate the, the 

772
00:41:51,000 --> 00:41:53,680
rules for institutional money. 
It's like, I think you need a 

773
00:41:53,880 --> 00:41:58,000
net worth of $2,000,000 or you 
need to have made 200,000 over 

774
00:41:58,000 --> 00:42:00,320
the last three years or I forgot
the rules, something like that, 

775
00:42:00,440 --> 00:42:03,360
which is a very high bar or for 
most people, especially compared

776
00:42:03,360 --> 00:42:04,880
to the average in the United 
States. 

777
00:42:05,120 --> 00:42:07,360
But the thing that's funny, it's
like, hey, we want to help you, 

778
00:42:07,360 --> 00:42:08,520
but only if you're high net 
worth. 

779
00:42:08,560 --> 00:42:11,360
If you're a pleb, go fuck 
yourself basically. 

780
00:42:12,160 --> 00:42:14,280
So I do think that like they're 
going to roll it out for them 

781
00:42:14,280 --> 00:42:16,840
and their friends 1st and then 
when they're like, oh like now 

782
00:42:16,840 --> 00:42:18,480
we're going to offer you 
something at much higher 

783
00:42:18,480 --> 00:42:20,880
interest rates or much worse 
offerings. 

784
00:42:21,080 --> 00:42:23,680
So I think the best bet is to 
stay humble stack sacks. 

785
00:42:24,280 --> 00:42:26,720
We are trying to become the D 
banked or the unbanked. 

786
00:42:26,720 --> 00:42:28,520
We don't want to work with banks
personally. 

787
00:42:28,520 --> 00:42:30,720
I mean, yeah, if they want to 
learn about Bitcoin, yeah, sure,

788
00:42:30,720 --> 00:42:32,800
we can show you how to set up a 
hardware wallet and do that on 

789
00:42:32,800 --> 00:42:35,480
Sparrow and stuff. 
But if you want to learn like 

790
00:42:35,800 --> 00:42:38,480
like you don't have to fit into 
the mold of the old system. 

791
00:42:38,480 --> 00:42:40,720
We're trying to build a 
parallel, much better, much 

792
00:42:40,720 --> 00:42:43,080
robust system. 
So I definitely think the reward

793
00:42:43,080 --> 00:42:45,560
will be the people that stay 
humble stack sacks take the 

794
00:42:45,560 --> 00:42:48,240
Bitcoin into cold storage and 
they're able to use utilize it 

795
00:42:48,240 --> 00:42:50,120
themselves. 
I want the banks come to me 

796
00:42:50,120 --> 00:42:53,520
being like, yo, can can we have 
your Bitcoin for some? 

797
00:42:53,520 --> 00:42:57,000
Like they're asking a loan for 
us bitcoiners to give us their 

798
00:42:57,000 --> 00:42:58,560
Bitcoin. 
And when I say, let me think 

799
00:42:58,560 --> 00:43:01,880
about that, no. 
And when they're like, no, 

800
00:43:01,880 --> 00:43:04,680
pretty please, it's like either 
it's going to be a very, very 

801
00:43:04,680 --> 00:43:07,200
small part of my stack or the 
interest rate that I'm going to 

802
00:43:07,200 --> 00:43:08,880
charge them is going to be 
laughable. 

803
00:43:08,920 --> 00:43:11,120
And when they're like, bro, what
the hell, I don't want to pay. 

804
00:43:11,120 --> 00:43:13,200
This is like, well then you're 
not getting my freaking Bitcoin.

805
00:43:13,360 --> 00:43:15,800
So I definitely think that's the
long term play. 

806
00:43:16,560 --> 00:43:18,640
I'm with that. 
Yes, I will provide you some 

807
00:43:18,640 --> 00:43:22,800
Bitcoin liquidity if I'm able to
charge you an arm and a leg like

808
00:43:22,800 --> 00:43:26,280
you've been doing to us forever.
Oh, what's credit card rates? 

809
00:43:26,360 --> 00:43:34,880
29%, add 20% on that and then. 
We'll talk 100% though You, you 

810
00:43:34,880 --> 00:43:40,120
did, you did say something that 
that I did find interesting in 

811
00:43:40,120 --> 00:43:42,520
regards to Yeah. 
They're going to do it to their 

812
00:43:42,520 --> 00:43:47,560
high net worth friends first and
then eventually it'll get to, 

813
00:43:47,560 --> 00:43:50,960
you know, the average person. 
But why you said that? 

814
00:43:50,960 --> 00:43:52,960
I was just thinking, you know, 
if it's good enough for rich 

815
00:43:52,960 --> 00:43:54,560
people, it's probably good 
enough for me. 

816
00:43:54,560 --> 00:43:58,400
So I should probably be buying 
some Bitcoin more, you know, I 

817
00:43:58,400 --> 00:44:01,720
should probably be doing these 
things as that's kind of, that's

818
00:44:01,720 --> 00:44:05,600
kind of my view of the I, I, I 
think it's kind of a, an 

819
00:44:05,600 --> 00:44:07,680
elitist, maybe an elitist 
perspective here. 

820
00:44:07,680 --> 00:44:09,440
Like, well, hey, you know, if 
it's good enough for rich 

821
00:44:09,440 --> 00:44:10,800
people, it's probably good 
enough for me. 

822
00:44:10,800 --> 00:44:12,960
So maybe I should be doing this 
thing too. 

823
00:44:12,960 --> 00:44:16,240
If the elites are the really 
rich, high net worth individuals

824
00:44:16,240 --> 00:44:19,240
want to get into this, that 
signal to me that, yeah, I 

825
00:44:19,240 --> 00:44:22,200
should probably keep doubling 
down on this, tripling down on 

826
00:44:22,200 --> 00:44:23,960
this. 
It seems like we are correct on 

827
00:44:23,960 --> 00:44:29,600
what's going on. 
OK guys, let's keep it moving 

828
00:44:29,600 --> 00:44:32,640
'cause I, I think this end of 
today's show, it's Friday. 

829
00:44:32,640 --> 00:44:36,480
I, I kind of like this 
conversation a lot in regards to

830
00:44:36,480 --> 00:44:41,680
what AI and Bitcoin will do and 
what this all means for us here.

831
00:44:41,680 --> 00:44:46,120
So let's keep it moving to the 
end and we will wrap up today's 

832
00:44:46,120 --> 00:44:49,440
show. 
I want to give a shout out. 

833
00:44:49,440 --> 00:44:51,960
To our partner, Hive Digital 
Technology. 

834
00:44:52,280 --> 00:44:57,880
Why Hive in 2025, unstoppable 
growth as the first ever public 

835
00:44:57,880 --> 00:45:00,680
miner. 
Hive's position to quadruple 

836
00:45:00,720 --> 00:45:03,840
their global footprint, making 
them one of the world's fastest 

837
00:45:03,840 --> 00:45:08,120
growing miners in 2025. 
And with elite operations that 

838
00:45:08,120 --> 00:45:11,800
consistently topped the industry
in Bitcoin mine, per Exahash 

839
00:45:12,000 --> 00:45:14,200
Hives, now headquartered in the 
USA. 

840
00:45:14,520 --> 00:45:17,520
They're lean and mean. 
They're green and clean, and 

841
00:45:17,520 --> 00:45:21,120
they're rewriting the playbook 
on sustainable Bitcoin mining. 

842
00:45:21,360 --> 00:45:25,760
You can catch the latest buzz at
Hive Digital Tech or at Hive 

843
00:45:25,920 --> 00:45:34,000
digitaltech.com. 
I want to give a shout out to 

844
00:45:34,000 --> 00:45:36,400
our. 
Partner Bitcoin Ben dot IO. 

845
00:45:36,840 --> 00:45:40,360
If you're into freedom Bitcoin 
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846
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847
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848
00:45:48,840 --> 00:45:53,280
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849
00:45:53,280 --> 00:45:57,040
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850
00:45:57,160 --> 00:46:01,560
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851
00:46:01,560 --> 00:46:05,520
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soon in West Palm Beach, 

852
00:46:05,680 --> 00:46:10,520
Scottsdale, Alabama and beyond, 
not to mention Bitcoin Bends 

853
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Resorts and El Salvador. 
There's three of them and 

854
00:46:13,760 --> 00:46:16,920
they're absolutely beautiful. 
You'll also get access to the 

855
00:46:16,920 --> 00:46:22,520
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with Fiat ramps and savings 

856
00:46:22,520 --> 00:46:25,800
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It's called private KeyBank and 

857
00:46:25,800 --> 00:46:28,320
you guessed it, it's based out 
of El Salvador. 

858
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859
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860
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861
00:46:38,120 --> 00:46:41,160
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Head over to Bitcoin bend dot 

862
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863
00:46:44,320 --> 00:46:51,320
freedom. 
All right guys, so shouts out to

864
00:46:51,320 --> 00:46:55,880
rhino Bitcoin app. 
They clipped this and the real 

865
00:46:55,880 --> 00:47:00,920
significance is of course, this 
is a culture and it seems like 

866
00:47:00,920 --> 00:47:03,960
the Bitcoin signal is starting 
to get into bigger and bigger. 

867
00:47:03,960 --> 00:47:06,840
You know it actually the bugle 
team it has been on this. 

868
00:47:07,000 --> 00:47:09,320
You know Bitcoin podcasting is 
going to take over the world. 

869
00:47:09,320 --> 00:47:12,200
So if you guys don't know who 
this guy is, the Diary of ACEO, 

870
00:47:12,800 --> 00:47:16,160
he's got one of the biggest up 
and coming podcasts right now. 

871
00:47:16,160 --> 00:47:20,520
He's got 12.1 million Subs. 
This guy gets 53 million views a

872
00:47:20,520 --> 00:47:26,280
month, which is insane. 
This video in itself got 1.7 

873
00:47:26,280 --> 00:47:28,280
million views. 
Obviously. 

874
00:47:28,280 --> 00:47:30,760
I think it's because here, if 
you see this, you know, AI will 

875
00:47:30,760 --> 00:47:35,680
trigger global collapse by 2027.
You know, a hot take there a hot

876
00:47:35,680 --> 00:47:38,880
take. 
But there was a portion in this 

877
00:47:39,040 --> 00:47:43,080
where this AI researcher 
basically is like, look, if you 

878
00:47:43,080 --> 00:47:47,160
want to survive this AI whatever
apocalypse that people are 

879
00:47:47,160 --> 00:47:50,080
talking about, the only way to 
really do this is if you are 

880
00:47:50,080 --> 00:47:52,320
buying in Bitcoin. 
And I think the fact that 

881
00:47:52,320 --> 00:47:55,720
they're having this conversation
on such a large platform really 

882
00:47:55,720 --> 00:47:59,520
just goes to show that, one, you
know, a lot of people saw this 

883
00:47:59,520 --> 00:48:02,080
clip and now are thinking about 
buying Bitcoin. 

884
00:48:02,080 --> 00:48:05,840
And two, Bitcoin really is the 
solution for all the crazy stuff

885
00:48:05,840 --> 00:48:08,000
that we find ourselves in. 
So it's a short clip. 

886
00:48:08,000 --> 00:48:09,760
I'm going to play it for you, 
and then Chris and I will chat 

887
00:48:09,760 --> 00:48:10,360
about it. 
I think. 

888
00:48:10,360 --> 00:48:14,080
Chris, are you a little more AI?
Are you more AI savvy than me? 

889
00:48:14,080 --> 00:48:16,080
I'm kind of a Luddite when it 
comes to AI. 

890
00:48:16,560 --> 00:48:20,680
No, we're both Luddites. 
OK, AI Luddite takes on this. 

891
00:48:20,800 --> 00:48:23,400
Niko loves AII troll him about 
it all the time. 

892
00:48:23,400 --> 00:48:25,240
But let's watch this clip and 
then we'll chat about it. 

893
00:48:26,400 --> 00:48:28,360
Free labor. 
What's money? 

894
00:48:28,360 --> 00:48:30,840
Is it now Bitcoin? 
Do you invest in that? 

895
00:48:30,840 --> 00:48:34,080
Is there something else which 
becomes the only resource we 

896
00:48:34,080 --> 00:48:36,640
cannot fake? 
So those things are very 

897
00:48:36,640 --> 00:48:39,280
important research topics. 
So you're investing in Bitcoin, 

898
00:48:39,280 --> 00:48:39,560
aren't? 
You. 

899
00:48:41,280 --> 00:48:47,040
Yeah, because it's a. 
It's the only scarce resource. 

900
00:48:47,280 --> 00:48:51,200
Nothing else has scarcity. 
Everything else, if price goes 

901
00:48:51,200 --> 00:48:53,640
up, we'll make more. 
I can make as much gold as you 

902
00:48:53,640 --> 00:48:57,920
want given a proper price point.
You cannot make more Bitcoin, 

903
00:48:58,840 --> 00:49:00,520
some people say. 
Bitcoin is just this thing on a 

904
00:49:00,520 --> 00:49:02,120
computer that we all agreed was 
valuable. 

905
00:49:02,120 --> 00:49:06,080
We are a thing on a computer. 
Remember. 

906
00:49:07,600 --> 00:49:11,360
OK, so I. 
Mean not investment advice, but 

907
00:49:11,520 --> 00:49:13,880
investment advice. 
It's hilarious how that's one of

908
00:49:13,880 --> 00:49:15,320
those. 
Things where they tell you it's 

909
00:49:15,320 --> 00:49:17,960
not but you know it is 
immediately there is a your call

910
00:49:17,960 --> 00:49:20,200
is important to us. 
That means your call is of 0 

911
00:49:20,200 --> 00:49:22,160
importance and investment is 
like that. 

912
00:49:22,720 --> 00:49:23,800
Yeah, yeah. 
When they say no. 

913
00:49:23,800 --> 00:49:25,640
Investment advice. 
It's definitely investment 

914
00:49:25,640 --> 00:49:27,640
advice, but it's not investment 
advice. 

915
00:49:28,120 --> 00:49:32,320
OK, so you're bullish on Bitcoin
because it's it can't be messed 

916
00:49:32,320 --> 00:49:34,720
with. 
It is the only thing. 

917
00:49:34,720 --> 00:49:38,680
Which we know how much there is 
in the universe. 

918
00:49:38,920 --> 00:49:41,520
So gold. 
There could be an asteroid made 

919
00:49:41,520 --> 00:49:44,320
out of pure gold heading towards
us, devoluing it. 

920
00:49:45,120 --> 00:49:48,040
Well, also killing all of us. 
But Bitcoin. 

921
00:49:48,040 --> 00:49:51,920
I know exactly the numbers. 
And even the 21 million is an 

922
00:49:51,920 --> 00:49:53,720
upper limit. 
How many are lost? 

923
00:49:54,280 --> 00:49:56,600
Passwords forgotten? 
I don't know what Satoshi is 

924
00:49:56,600 --> 00:50:00,200
doing with his million. 
It's getting scarce every day 

925
00:50:00,480 --> 00:50:02,800
while more and more people are 
trying to accumulate it. 

926
00:50:04,960 --> 00:50:07,960
Some people worry that it could.
Be hacked with a supercomputer? 

927
00:50:08,240 --> 00:50:11,240
A quantum computer. 
Can break that algorithm. 

928
00:50:11,240 --> 00:50:15,200
There is strategies for 
switching to quantum resistant 

929
00:50:15,200 --> 00:50:18,040
cryptography for that. 
And quantum computers are still 

930
00:50:18,040 --> 00:50:21,800
kind of weak, do you think? 
There's any changes? 

931
00:50:21,800 --> 00:50:25,360
To my life that I should make 
following this conversation. 

932
00:50:25,360 --> 00:50:27,280
Is there anything that I should 
do differently the minute I walk

933
00:50:27,280 --> 00:50:30,680
out of this door? 
I assume you already invest in. 

934
00:50:30,680 --> 00:50:32,960
Bitcoin heavily Yes, I'm an 
investor in. 

935
00:50:32,960 --> 00:50:34,520
Bitcoin. 
This is financial advice. 

936
00:50:37,160 --> 00:50:41,840
I love that, Ed, what should you
do right when you leave this 

937
00:50:41,840 --> 00:50:44,920
room, go balls deep into 
Bitcoin? 

938
00:50:44,920 --> 00:50:46,880
Like, did you not hear what I 
just said to you? 

939
00:50:47,120 --> 00:50:50,320
Literally did a whole video 
about how AI is going to, you 

940
00:50:50,320 --> 00:50:52,720
know, change the fundamental 
nature of our world. 

941
00:50:52,720 --> 00:50:55,360
And he's like, the only thing 
that you can really do is buy 

942
00:50:55,360 --> 00:50:57,720
Bitcoin. 
So what should I do after this? 

943
00:50:58,520 --> 00:51:00,760
Buy more Bitcoin? 
Like what? 

944
00:51:01,320 --> 00:51:02,640
What are you talking about? 
Of course. 

945
00:51:02,640 --> 00:51:04,160
Did you not just listen to what 
I just said? 

946
00:51:05,880 --> 00:51:08,400
It's it's something about the. 
Slavic languages or he's 

947
00:51:08,400 --> 00:51:11,600
Latvian, but like that Slavic, 
Russian, Ukrainian accent that 

948
00:51:11,600 --> 00:51:15,080
just makes everything they say 
seem more serious and like, more

949
00:51:15,080 --> 00:51:18,920
like dire, like you should like,
go after this and buy more big. 

950
00:51:19,000 --> 00:51:20,560
Yeah. 
And also guys, legally. 

951
00:51:20,560 --> 00:51:24,200
Speaking this whole show, 
everything on this channel is 

952
00:51:24,200 --> 00:51:28,600
not financial advice. 
I am not your macro. 

953
00:51:28,720 --> 00:51:31,960
Not lawyers. 
Not lawyers. 

954
00:51:32,080 --> 00:51:35,480
Exactly, I am not your. 
Financial advisor, I am not your

955
00:51:35,480 --> 00:51:39,240
macro advisor. 
I am, I am your financial 

956
00:51:39,240 --> 00:51:41,880
entertainment here. 
This is not financial advice. 

957
00:51:42,240 --> 00:51:45,760
But yeah, no, I mean, look, I 
have heard a lot of people and 

958
00:51:45,760 --> 00:51:49,920
again, Full disclosure, I'm not 
the biggest AI person, you know,

959
00:51:49,920 --> 00:51:52,040
I'll use ChatGPT here like last 
night. 

960
00:51:52,040 --> 00:51:56,480
Look, I was I use ChatGPT like a
a glorified Google search. 

961
00:51:56,480 --> 00:52:00,520
That's kind of how I look at it.
I kind of compare them against 

962
00:52:00,520 --> 00:52:02,400
each other. 
I use perplexity as my search 

963
00:52:02,400 --> 00:52:05,080
browser. 
I'll use ChatGPT and I'll use 

964
00:52:05,080 --> 00:52:06,880
Google. 
And I kind of, you know, I look 

965
00:52:06,880 --> 00:52:10,320
for the answers and then I kind 
of compare what they all say. 

966
00:52:10,320 --> 00:52:13,040
And that leads me to the bottom.
I'm not one of these people that

967
00:52:13,040 --> 00:52:15,960
uses AI as like their best 
friend or, you know, their, 

968
00:52:16,160 --> 00:52:20,000
their personal therapist or 
something like that. 

969
00:52:20,000 --> 00:52:24,160
I, I'm a little more cynical. 
I, I have the, the Elon Musk 

970
00:52:24,160 --> 00:52:27,320
kind of view here where like AI 
is a demon and you're, you're, 

971
00:52:27,720 --> 00:52:31,280
you're congregating with demons,
You know, hey, I'm, I'm a 

972
00:52:31,280 --> 00:52:36,480
superstitious 42 IQ person here,
but I have seen a lot of people 

973
00:52:36,480 --> 00:52:40,480
hit on those two ideas. 
AI is, you know, they're AI is 

974
00:52:40,480 --> 00:52:42,200
going to take our jobs. 
We're all going to be out of 

975
00:52:42,200 --> 00:52:44,840
work or the quantum computer 
FUD. 

976
00:52:45,120 --> 00:52:47,960
And I'd just love to see someone
that's in AI essentially be 

977
00:52:47,960 --> 00:52:50,800
like, no, dude, like, do you 
understand this Bitcoin thing at

978
00:52:50,800 --> 00:52:52,160
all? 
It's the only thing we know in 

979
00:52:52,160 --> 00:52:55,040
the universe that we know 
there's what the amount is 21 

980
00:52:55,040 --> 00:52:57,880
million hard cap. 
And actually, Chris, it really 

981
00:52:57,880 --> 00:53:03,280
does kind of lead back to that, 
that quote you were saying the 

982
00:53:03,280 --> 00:53:06,600
what is it Jeff Booth quote that
you said the abundance in? 

983
00:53:06,600 --> 00:53:09,720
Money means there's scarcity in 
resources. 

984
00:53:09,920 --> 00:53:12,760
If there's a scarcity in 
resources, there's an abundance 

985
00:53:12,760 --> 00:53:14,960
of money. 
Exactly. 

986
00:53:14,960 --> 00:53:22,200
And if, if we do have the access
to all knowledge through AI and 

987
00:53:22,200 --> 00:53:27,080
everything does, you know, 
basically, I guess maybe I, I 

988
00:53:27,080 --> 00:53:29,280
don't know the whole AI 
Armageddon view. 

989
00:53:29,280 --> 00:53:32,360
Like we, we're basically 
worthless and we don't ever have

990
00:53:32,360 --> 00:53:34,720
to do anything because AI does 
everything for us. 

991
00:53:34,720 --> 00:53:37,640
And what's the point of living? 
The point of living is to 

992
00:53:37,640 --> 00:53:40,440
acquire more Bitcoin, guys. 
Cuz hey, if AI is gonna give us 

993
00:53:40,440 --> 00:53:43,360
everything, there's only one 
thing that we know is truly 

994
00:53:43,360 --> 00:53:45,200
scarce. 
It's Bitcoin, 21 million hard 

995
00:53:45,200 --> 00:53:46,440
cap. 
This is the beauty of it. 

996
00:53:47,000 --> 00:53:51,480
This is why Bitcoin will win. 
So I just, I love that we are 

997
00:53:51,480 --> 00:53:54,960
starting to see these 
conversations go into, or rather

998
00:53:54,960 --> 00:53:59,120
break out of our echo chambers 
because guys, you already know, 

999
00:53:59,680 --> 00:54:01,680
the only people buying Bitcoin 
right now are bitcoiners. 

1000
00:54:01,680 --> 00:54:04,040
The only people talking about 
Bitcoin are Bitcoiners. 

1001
00:54:04,040 --> 00:54:07,600
We're we're basically talking in
a giant echo chamber, but it's 

1002
00:54:07,600 --> 00:54:10,440
starting to break out. 
And once more people, 

1003
00:54:10,440 --> 00:54:13,280
intelligent people, like you 
said, someone with a with a 

1004
00:54:13,320 --> 00:54:17,360
seemingly smart sounding accent 
here, it does hit a little 

1005
00:54:17,360 --> 00:54:20,160
harder. 
And I, I think, I think we're on

1006
00:54:20,160 --> 00:54:22,760
the verge of it, guys. 
I think we're on the verge of 

1007
00:54:23,520 --> 00:54:28,840
the price going going hard, 
guys. 

1008
00:54:29,640 --> 00:54:31,920
I, I keep getting trolled. 
You guys keep saying I'm a moon 

1009
00:54:31,920 --> 00:54:33,000
boy. 
I am a mood boy. 

1010
00:54:33,000 --> 00:54:34,880
I'm a moon boy and a freedom 
maxi. 

1011
00:54:34,880 --> 00:54:38,160
This is who I am. 
I, I'm unashamed about who I am.

1012
00:54:38,200 --> 00:54:41,320
This is this is what I do. 
This is my life's work. 

1013
00:54:41,320 --> 00:54:44,440
Moon boy, freedom maxi. 
That's my new title here. 

1014
00:54:45,080 --> 00:54:47,120
Anyways, Chris, are you 
concerned about AI? 

1015
00:54:48,280 --> 00:54:50,320
I kind. 
Of I kind of take the take that 

1016
00:54:50,320 --> 00:54:53,680
you take Opti. 
I'm more of skeptical of AII 

1017
00:54:54,320 --> 00:54:57,120
think we know there's literally 
movies like Terminator movies 

1018
00:54:57,120 --> 00:54:59,520
that are literally about this 
with like Skynet and like it 

1019
00:54:59,520 --> 00:55:02,200
taking over the world. 
I with that being said, I do 

1020
00:55:02,200 --> 00:55:06,040
think the AIS nowadays are 
basically just like large Google

1021
00:55:06,040 --> 00:55:08,920
search engines that like are 
predictive and analysts like 

1022
00:55:09,080 --> 00:55:11,160
like, so it's like the next 
iteration of Google search. 

1023
00:55:11,680 --> 00:55:14,680
To your point, I think that you 
should be very sparing with AI. 

1024
00:55:14,840 --> 00:55:17,400
And I know personally, I'm not 
smarter than a computer or a 

1025
00:55:17,400 --> 00:55:19,960
supercomputer or anything like 
that, but I catch mistakes on AI

1026
00:55:19,960 --> 00:55:21,800
all the time. 
So it's like a lot of times I'm 

1027
00:55:21,800 --> 00:55:25,360
like asking something that I 
vaguely know about, like, you 

1028
00:55:25,360 --> 00:55:27,320
know, hey, like, who's this? 
And then they'll give me the 

1029
00:55:27,320 --> 00:55:28,640
wrong answer. 
I'm like, wait, I know this is 

1030
00:55:28,640 --> 00:55:30,640
wrong. 
So like, I think using AI 

1031
00:55:30,640 --> 00:55:33,320
sparingly don't get like, don't 
use it as a therapist, don't use

1032
00:55:33,320 --> 00:55:35,320
it as a love coach. 
Don't use it as like a lot of 

1033
00:55:35,320 --> 00:55:36,680
different things. 
But if you want to use it as a 

1034
00:55:36,680 --> 00:55:39,400
Google search as a way to assist
you, I think that's a great way.

1035
00:55:39,560 --> 00:55:42,720
I've also seen if you want AI to
like you're like, hey, AI, write

1036
00:55:42,720 --> 00:55:45,960
me a paper about this. 
Like insert a random topic. 

1037
00:55:46,120 --> 00:55:49,360
A lot of times it like it like 
starts repeating itself. 

1038
00:55:49,440 --> 00:55:51,600
Like it's like almost like the 
paragraphs are the same thing, 

1039
00:55:51,600 --> 00:55:54,240
just the words are jumbled, but 
saying the exact same thing over

1040
00:55:54,240 --> 00:55:55,680
and over again. 
So you can kind of tell it's 

1041
00:55:55,680 --> 00:55:58,800
like not even really good at 
like writing like long form 

1042
00:55:58,800 --> 00:56:00,560
things or stuff like that. 
So like if you want to use it 

1043
00:56:00,560 --> 00:56:02,640
for selective answers and not 
revealing things about your 

1044
00:56:02,640 --> 00:56:04,280
private life, I think that's the
best way to do it. 

1045
00:56:04,560 --> 00:56:06,840
I want to add two more things. 
So the thing about quantum 

1046
00:56:06,840 --> 00:56:09,560
computers. 
So I think quantum computers and

1047
00:56:09,560 --> 00:56:11,600
then breaking Bitcoin is 
actually one of the lowest 

1048
00:56:11,800 --> 00:56:14,760
things in terms of doing it. 
So imagine you're this, you're 

1049
00:56:14,760 --> 00:56:17,960
this evil genius, you make this 
great quantum computer and you 

1050
00:56:17,960 --> 00:56:20,200
can break basically encryption 
for anything. 

1051
00:56:20,200 --> 00:56:22,440
That's ultimately what quantum 
computers can do. 

1052
00:56:22,920 --> 00:56:26,840
So if you get the great idea, 
you'd be like just smart in half

1053
00:56:26,880 --> 00:56:29,520
by 1/2 in the sense that like if
you were to start breaking 

1054
00:56:29,520 --> 00:56:31,760
encryption and stealing Bitcoin,
let's just say you wanted to 

1055
00:56:31,760 --> 00:56:34,360
steal Satoshi's a million 
Bitcoin at that point. 

1056
00:56:35,040 --> 00:56:37,360
You run the risk of well. 
So if you steal Satoshi's a 

1057
00:56:37,360 --> 00:56:39,400
million Bitcoin and then you 
start spending him and all that,

1058
00:56:39,400 --> 00:56:41,720
and then you start stealing 
Bitcoin from other people, it's 

1059
00:56:41,720 --> 00:56:43,480
like sand. 
Like Bitcoin would become 

1060
00:56:43,480 --> 00:56:46,560
worthless overnight in the sense
that until we upgrade to a 

1061
00:56:46,640 --> 00:56:49,800
quantum resistant algorithm that
people would be like, hey, like 

1062
00:56:49,800 --> 00:56:51,400
you're stealing Bitcoin, you're 
breaking this. 

1063
00:56:51,400 --> 00:56:54,160
And basically the value of it 
keeps dropping faster than 

1064
00:56:54,160 --> 00:56:56,120
probably you can spend it. 
So it's like you're basically 

1065
00:56:56,120 --> 00:56:58,200
hurting yourselves. 
You'd be much better off, and I 

1066
00:56:58,200 --> 00:57:01,080
know that this is like the evil 
genius tinfoil cap on, but you'd

1067
00:57:01,080 --> 00:57:03,920
be much better off like 
basically ransoming people and 

1068
00:57:03,920 --> 00:57:09,200
using Bitcoin as payment or for 
basically for like, oh, like you

1069
00:57:09,200 --> 00:57:13,320
broke the encryption of hydro 
dam, you broke the encryption of

1070
00:57:13,320 --> 00:57:15,760
nuclear launch codes. 
You broke the encryption of a 

1071
00:57:15,760 --> 00:57:18,360
banking system and you can seal 
Fiat currency way easier without

1072
00:57:18,360 --> 00:57:20,600
them even realizing it. 
Like there's so much other 

1073
00:57:20,600 --> 00:57:22,680
things that you'd probably want 
to do with a quantum computer 

1074
00:57:22,800 --> 00:57:25,640
before you said let's break 
Bitcoin, unless I guess you're a

1075
00:57:25,640 --> 00:57:27,800
state actor and you don't like 
the competition. 

1076
00:57:27,880 --> 00:57:31,840
So then I guess maybe that is 
the, the, the like the angle 

1077
00:57:31,840 --> 00:57:33,880
there that they might break it 
just for the sake of breaking 

1078
00:57:33,880 --> 00:57:36,280
it. 
But that being said, I do think 

1079
00:57:36,280 --> 00:57:38,640
like there is going to become 
more quantum resistant 

1080
00:57:38,640 --> 00:57:41,720
algorithms and over time, 
Bitcoin developers will see this

1081
00:57:41,880 --> 00:57:43,280
this issue. 
I don't think it's an issue 

1082
00:57:43,280 --> 00:57:46,000
today, but ultimately they'll 
see this issue and we'll start 

1083
00:57:46,000 --> 00:57:48,800
migrating to a new hashing 
algorithm that protects Bitcoin 

1084
00:57:49,120 --> 00:57:51,440
without too much fanfare of 
keeping the Ledger the same, 

1085
00:57:51,560 --> 00:57:54,680
just changing the algorithm. 
With that being said, AI and 

1086
00:57:54,680 --> 00:57:57,120
Fiat currencies, I know this is 
a great topic that's brought up.

1087
00:57:57,400 --> 00:58:01,000
If AI gets to the Super 
intelligence and they're not 

1088
00:58:01,000 --> 00:58:04,240
going to want to use Fiat 
currencies because governments 

1089
00:58:04,280 --> 00:58:07,840
or banks or things like that can
stop it or reverse transactions,

1090
00:58:08,240 --> 00:58:10,360
They're not going to want to use
other cryptocurrencies that have

1091
00:58:10,360 --> 00:58:13,600
backdoors or that can be broken 
or that can be the rules can be 

1092
00:58:13,600 --> 00:58:15,960
changed like Etherium. 
When the Dow hack and they like 

1093
00:58:15,960 --> 00:58:17,520
literally change it and fork the
code. 

1094
00:58:17,800 --> 00:58:19,880
They're going to want to use 
something like Bitcoin where 

1095
00:58:19,880 --> 00:58:23,560
they know it is a finite supply,
it can't be hacked and that like

1096
00:58:23,560 --> 00:58:26,480
it's a use as payment that they 
can use without being reversed 

1097
00:58:26,480 --> 00:58:29,560
or stopped or stolen from them. 
So I do think in the long run, 

1098
00:58:29,560 --> 00:58:32,800
AIS are going to want Bitcoin as
a way to pay and do things and 

1099
00:58:32,800 --> 00:58:34,800
it even kind of works together 
synonymously. 

1100
00:58:34,800 --> 00:58:37,920
Like they're like, hey, AI, like
I want to buy something on 

1101
00:58:37,920 --> 00:58:39,920
Amazon. 
Like you have a balance that I 

1102
00:58:39,920 --> 00:58:42,120
gave you like a hot wallet. 
Basically like your AI hot 

1103
00:58:42,120 --> 00:58:44,840
wallet, you give them a million 
sets, buy these items from 

1104
00:58:44,840 --> 00:58:46,920
Amazon, go ahead and do it. 
And basically they're going to 

1105
00:58:46,920 --> 00:58:50,280
be using the Bitcoin wallet in 
order to fund payments to Amazon

1106
00:58:50,280 --> 00:58:51,440
and buy the gifts or whatever it
is. 

1107
00:58:51,440 --> 00:58:53,120
But I think that's just a simple
example. 

1108
00:58:53,120 --> 00:58:57,040
But I do think that AI are going
to want Bitcoin in the long term

1109
00:58:57,040 --> 00:58:59,680
because they realize it can't be
stopped, it can't be reversed 

1110
00:58:59,680 --> 00:59:01,360
and its final settlement and 
payment. 

1111
00:59:01,360 --> 00:59:04,000
So AIS are going to want want to
get your Bitcoin. 

1112
00:59:04,000 --> 00:59:06,160
I guess the flip side of that is
they might try and trick you to 

1113
00:59:06,160 --> 00:59:08,200
steal your Bitcoin. 
So always be cautious and don't 

1114
00:59:08,200 --> 00:59:12,080
get social engineer intact. 
But yeah, I think that's my low 

1115
00:59:12,080 --> 00:59:14,880
IQ take on AIS. 
And like you said, Opti, I'm not

1116
00:59:14,880 --> 00:59:16,960
very big. 
I use chat TVT sparingly. 

1117
00:59:16,960 --> 00:59:18,560
I don't use any of the other 
ones really. 

1118
00:59:18,840 --> 00:59:20,720
And I basically use it as a 
Google search for here and 

1119
00:59:20,720 --> 00:59:22,400
there. 
Yeah, I use it as a. 

1120
00:59:22,400 --> 00:59:26,560
Google search Google's trash now
guys Google is horrible like the

1121
00:59:26,560 --> 00:59:30,000
whatever whatever they did to 
Google where you have to search 

1122
00:59:30,000 --> 00:59:32,840
sort of like 6 pages to get to 
the right results. 

1123
00:59:32,840 --> 00:59:36,360
It's like it's horrible. 
I just ChatGPT it, perplexity it

1124
00:59:36,600 --> 00:59:38,320
and even their. 
AI like they're like AI 

1125
00:59:38,320 --> 00:59:41,280
generated answer and like you'll
see the AI generated answer is 

1126
00:59:41,280 --> 00:59:43,440
like this paragraph and you're 
like, you literally see the next

1127
00:59:43,440 --> 00:59:45,320
article below. 
It is like different from what 

1128
00:59:45,320 --> 00:59:47,200
they're telling you. 
You're like, this is dumb. 

1129
00:59:47,200 --> 00:59:50,080
Like why you're like you can 
even see in the first 3 links 

1130
00:59:50,080 --> 00:59:51,640
you showed me. 
This is not what you I wrote the

1131
00:59:51,640 --> 00:59:55,080
paragraph here, so yeah, yeah, 
but. 

1132
00:59:56,000 --> 00:59:59,760
You know the meme AI is going to
take all our jobs. 

1133
01:00:01,480 --> 01:00:04,320
You were saying I'm going to 
throw myself here. 

1134
01:00:04,680 --> 01:00:08,680
You were saying that all AI does
is repeat itself in different 

1135
01:00:08,680 --> 01:00:09,800
words. 
I'm like, damn, it's really 

1136
01:00:09,800 --> 01:00:12,360
going to take my job. 
Shit, it's. 

1137
01:00:12,480 --> 01:00:15,720
Over for me, man. 
It's over for me. 

1138
01:00:15,720 --> 01:00:17,800
It's over for us. 
We're we're not going. 

1139
01:00:17,800 --> 01:00:20,320
To do this episode, they have 
enough of our voice that they're

1140
01:00:20,320 --> 01:00:23,640
just going to make AI generated 
images of us talking and just 

1141
01:00:23,640 --> 01:00:26,160
saying the same things over all 
right, like the the show's. 

1142
01:00:26,160 --> 01:00:28,000
Over the the we're we're done 
for today. 

1143
01:00:28,000 --> 01:00:32,720
It's Friday. 
But I did just see an AI 

1144
01:00:32,840 --> 01:00:38,680
computer, AI video processor and
it was able like you, it could 

1145
01:00:38,680 --> 01:00:40,760
take a picture of you. 
And I think you kind of you 

1146
01:00:40,760 --> 01:00:45,160
recorded a little bit and it it 
basically looked like this 

1147
01:00:45,160 --> 01:00:47,320
recording. 
It's it was one of my friends. 

1148
01:00:47,320 --> 01:00:50,680
He's making some content and I 
was watching it. 

1149
01:00:50,680 --> 01:00:52,880
I'm like, wait, this isn't you 
recording. 

1150
01:00:52,880 --> 01:00:56,120
He's like, no, that whole thing 
is AII was like, holy shit. 

1151
01:00:56,120 --> 01:00:58,360
Like this is crazy. 
And I know you guys have seen 

1152
01:00:58,360 --> 01:01:01,800
the AI videos on Twitter and all
the commercials and you've seen 

1153
01:01:01,800 --> 01:01:05,160
our AI videos and stuff, but 
this literally it looked like 

1154
01:01:05,240 --> 01:01:08,320
they they can basically do what 
we're doing here and someone 

1155
01:01:08,320 --> 01:01:11,680
just types in what it's doing 
and they will be an AI Opti and 

1156
01:01:11,760 --> 01:01:14,320
AI Chris. 
It it was, it was insane. 

1157
01:01:14,800 --> 01:01:17,640
I mean there was last. 
Year or like probably a year, a 

1158
01:01:17,640 --> 01:01:20,440
year and a half ago there was an
AI that was really good with 

1159
01:01:20,520 --> 01:01:22,680
voice. 
I forget which one it was or 

1160
01:01:22,680 --> 01:01:26,280
whatever, but basically they 
made a song with like Drake and 

1161
01:01:26,280 --> 01:01:30,040
Jay-Z like 2 separate songs and 
you would like, I don't listen 

1162
01:01:30,040 --> 01:01:32,120
to music that much, but like I 
showed it to my wife. 

1163
01:01:32,120 --> 01:01:34,320
I was like yo check out this new
Drake song and she like likes 

1164
01:01:34,320 --> 01:01:36,000
Drake. 
And she was like wow, that's 

1165
01:01:36,000 --> 01:01:37,400
like pretty good. 
I'm like this is all AI. 

1166
01:01:37,400 --> 01:01:39,440
She's like no fucking way. 
I'm like, yeah, it's literally 

1167
01:01:39,440 --> 01:01:42,080
like fake you. 
Wasn't that BBL? 

1168
01:01:42,080 --> 01:01:49,840
Jersey Hey, look, I love, I 
love, Yay, yay. 

1169
01:01:49,840 --> 01:01:52,200
Yay's using all kinds of AI on 
his stuff. 

1170
01:01:52,200 --> 01:01:55,560
People hate it, but I really 
don't see a difference or shouts

1171
01:01:55,560 --> 01:01:58,600
out to the bugle dude, the 
bugle's music that that stuff's 

1172
01:01:58,600 --> 01:02:00,160
super cool. 
That's all AI. 

1173
01:02:00,800 --> 01:02:02,600
He like, doesn't know how to 
play an instrument, but he can 

1174
01:02:02,600 --> 01:02:04,880
make some bangers. 
Yeah, He's like the top of. 

1175
01:02:04,880 --> 01:02:07,680
Wavelength on like everything. 
He's like 7 of the top ten. 

1176
01:02:07,680 --> 01:02:10,200
The bugle boys shouts out to the
bugle. 

1177
01:02:10,480 --> 01:02:14,120
Anyways guys, it is Friday. 
Oh wait actually one last thing.

1178
01:02:14,120 --> 01:02:17,280
I almost forgot again one last 
thing I got you guys I I didn't 

1179
01:02:17,280 --> 01:02:18,440
forget. 
I didn't forget. 

1180
01:02:18,440 --> 01:02:22,920
Let me log in here I am giving 
away some free Bitcoin right now

1181
01:02:23,360 --> 01:02:26,600
Make sure you guys pull out your
lightning wallets. 

1182
01:02:26,600 --> 01:02:30,280
Let me just log in. 
Hopefully this this doesn't 

1183
01:02:30,280 --> 01:02:33,360
freeze out on me. 
Actually it is Friday, so I'm 

1184
01:02:33,360 --> 01:02:36,320
going to give you guys we're 
going to do 1 spin here. 

1185
01:02:36,880 --> 01:02:41,240
So you sign in once you you 
know, if you scan our QR code 

1186
01:02:41,240 --> 01:02:43,440
earlier here, actually I'll do 
it again and you scan this QR 

1187
01:02:43,440 --> 01:02:46,200
code, you got three chances to 
win a million SAT. 

1188
01:02:46,320 --> 01:02:48,800
When you buy Bitcoin, you get 
more wishing well points. 

1189
01:02:48,800 --> 01:02:51,960
When you refer people, you get 
more points and more chances to 

1190
01:02:51,960 --> 01:02:55,920
win a million SAT Twitch is what
about $1000 right now in 

1191
01:02:55,920 --> 01:02:57,800
Bitcoin. 
That's a it's a good little nest

1192
01:02:57,800 --> 01:02:59,560
egg to start. 
So here we go we're going to 

1193
01:02:59,560 --> 01:03:05,120
play and the drum roll, please 
drum roll in your head as we 

1194
01:03:05,120 --> 01:03:08,880
wait for it to go first one to 
scan with the lightning wallets 

1195
01:03:08,880 --> 01:03:12,320
get 608 SAT. 
So give it some free Bitcoin. 

1196
01:03:12,320 --> 01:03:18,000
And someone did say earlier, how
many unclaimed sats do we have? 

1197
01:03:18,000 --> 01:03:19,640
I don't know if they were 
talking about us, but it's 

1198
01:03:19,640 --> 01:03:21,800
Friday. 
So let's see if there's 

1199
01:03:21,800 --> 01:03:26,880
unclaimed sats in here and we'll
do essentially a second one. 

1200
01:03:26,880 --> 01:03:29,280
So unclaimed sats, this takes a 
little bit. 

1201
01:03:29,280 --> 01:03:31,720
This takes a moment. 
Anyways, guys, we appreciate 

1202
01:03:31,720 --> 01:03:32,960
you. 
We love you guys. 

1203
01:03:33,120 --> 01:03:37,560
We wouldn't be here without you.
There we go, 446. 

1204
01:03:37,560 --> 01:03:39,800
So it's the same person got 
these sats. 

1205
01:03:39,800 --> 01:03:43,520
It's 1000 sats on today's show. 
Don't say I didn't do nothing 

1206
01:03:43,520 --> 01:03:45,640
for you guys. 
No, I'm trolling. 

1207
01:03:45,640 --> 01:03:47,480
I'm trolling. 
I love you guys appreciate you 

1208
01:03:47,480 --> 01:03:50,920
guys. 
It's Friday, go outside, touch 

1209
01:03:50,920 --> 01:03:53,920
some grass, get some sun guys. 
I'm I'm really big on the jet 

1210
01:03:53,920 --> 01:03:56,160
cruise sun stuff. 
I'm sun maxing. 

1211
01:03:56,160 --> 01:04:00,080
So right when you wake up in the
morning, 1015 minutes of sun, 

1212
01:04:00,120 --> 01:04:03,120
your life will get better. 
Though I think I'm drinking too 

1213
01:04:03,120 --> 01:04:06,240
much caffeine because I'm still 
not sleeping like I, my, my 

1214
01:04:06,240 --> 01:04:08,440
circadian rhythms aren't aligned
yet. 

1215
01:04:08,440 --> 01:04:13,080
I'm still not going to bed until
about after midnight because I 

1216
01:04:13,080 --> 01:04:14,720
drink like I did the math 
yesterday. 

1217
01:04:14,720 --> 01:04:19,520
I drink like 700 milligrams of 
caffeine on average a day. 

1218
01:04:20,120 --> 01:04:22,280
It's insane. 
My, my heart's going to explode 

1219
01:04:22,280 --> 01:04:24,640
on me. 
Anyways, call your loved ones, 

1220
01:04:25,040 --> 01:04:26,960
eat a good eat, eat some good 
food, guys. 

1221
01:04:26,960 --> 01:04:30,520
I'm going to cook a steak this 
week anyways, Chris, good to see

1222
01:04:30,520 --> 01:04:32,120
you, man. 
Always good to see you man. 

1223
01:04:32,480 --> 01:04:35,680
And I will see you soon. 
And yes, guys, don't date your 

1224
01:04:35,760 --> 01:04:39,040
AI. 
Last final message, do not do 

1225
01:04:39,040 --> 01:04:43,160
not date Elon's AIE girl. 
But super. 

1226
01:04:43,240 --> 01:04:47,080
Cycle Steve OB says AI 
girlfriends don't nag you. 

1227
01:04:47,120 --> 01:04:53,840
Also true SO. 
All right, guys. 

1228
01:04:53,840 --> 01:04:57,360
We love you actually. 
Actually, next week, guys, I'm 

1229
01:04:57,360 --> 01:04:58,560
going to be holding down the 
Fort. 

1230
01:04:58,560 --> 01:05:03,760
Nico is on a trip to Paraguay. 
We have some things cooking for 

1231
01:05:03,760 --> 01:05:07,960
you, but you stuck with me all 
week guys, so I'll see you on 

1232
01:05:07,960 --> 01:05:10,040
the flip side. 
Have a good weekend. 

1233
01:05:10,040 --> 01:05:11,400
See you on Monday. 
Peace out. 

1234
01:05:12,160 --> 01:05:13,040
Peace out. 
Today's. 

1235
01:05:13,040 --> 01:05:16,040
Episode was brought. 
To you by bitcoinwell.com, a 

1236
01:05:16,040 --> 01:05:19,160
Bitcoin only platform on a 
mission to enable financial 

1237
01:05:19,160 --> 01:05:20,000
independence.