Tomorrow might be the day that changes everything for all the
markets, and this is coming as the stars could be aligning for
Bitcoin. Right now, Bitcoin is back above
115 K and we just survived the massive $19 billion liquidation
event as Bitcoin finally flipped green for October and then we
can have more fed rate cuts coming faster than you think.
I, I think the Fed rate cuts are like more than locked in at this
point. We just, we don't know how much
are coming. I know a lot of people, I think
the kind of conservative view is 25 bips.
A lot of people are saying 50 bits.
We've, we've heard some crazy even 100 bit cuts, but we can
almost guarantee that the rate cuts are coming.
And I think for most people off most bit corners, they're always
wondering like what's why do we care about the Fed rate cuts?
It always boils down to 1 simple thing.
Cheaper money equals more liquidity.
And if they're trying to lower the rate cuts, then we all can
kind of bet that liquidity is on the horizon.
The big print money goes Burr, etcetera, etcetera, etcetera.
And I think a lot of the stuff we're seeing right now is people
waiting on the sidelines until the markets kind of figure their
shenanigans out. It's still a little early, so
figuring out where to invest their money.
So people are sitting on the sidelines anyways.
We'll get on into that. And of course, I'm here with
Sophie. I don't even know when Niko is
coming back yet. So it's Sophie and I for the
foreseeable future. Coming back soon.
Great, great. You're just.
You're just going to have to tune in every day this week
until to. See if he comes.
No, until he comes back. He's definitely coming back this
week. I just I I can't guarantee
exactly when this. RIP, RIP.
All right guys, let me let's break some stuff down.
So I'm not just going to cover the rate cuts cause of course
it's almost a lock. And so this is happening
tomorrow They are doing it's a 2 day kind of meet.
They're going to meet tomorrow, Wednesday or tomorrow Tuesday
the 28th and then and we will get the official announcement on
Wednesday the 29th. That's most likely when Jerome
Powell will speak. So they got two days to
deliberate about this. But I think we're we'll probably
start seeing Bitcoin and other markets pricing a rate cut.
I think we kind of saw this this weekend.
We did get a healthy pump back to it actually went up to 116,
but we're roughly around 1:15 right now, so.
He's talking about the price. Everybody, it's over.
Everybody close your ears, it's over.
Honestly, I'm so apathetic at this point about the price.
Like I really AM at this point just happy to be holding
Bitcoin. I feel privileged to just be
holding Bitcoin while everybody else's money is essentially
going down the gutter as as soon as they no, I mean, it sucks,
but it's true. Like everybody else who is
holding cash, who's holding like anything in their bank accounts,
like get ready when they start printing this money, that money
is going to be worth significantly less.
And, you know, we're right now at 3% inflation, which is higher
than the Fed's 2% goal here, which, you know, was inevitable
after they did the first rate cuts in September.
And now they're saying that not only are we going to get rate
cuts at the end or in the middle of this week, but we're also
going to get it again in November.
So everybody is kind of scrambling to either buy more
Bitcoin or see where they hedge their bets and where they put
their money. We've seen an all time high in
gold, as you all know recently, even though that's also been
kind of collapsing in front. Of yeah, it went down about like
8% the last couple of days. Because people need liquidity
because like that and that's the whole cycle, right?
They print money, it goes into hard assets, hard assets pump
and then people need immediate liquidity, which leads to the
cycle occurring again. And the quantitative easing
we're seeing is happening like more and more frequently.
So how long until that frequent frequency ramps up to a
situation where you have hyperinflation, which we've seen
time and time again in countries like Lebanon and Venezuela and
you know, it's, it's, we are not immune to it.
America, USA, we, this is this is going to be a tricky time for
people. Well, we're actually.
We're literally at like Ground Zero here.
So if anything, I think Americans are going to have have
a rude surprise if if they aren't actually preparing
themselves because we are seeing some some interesting stuff
happen in the Middle East. And I this is totally different
tangent, but it does seem like there is some kind of deals
being made right now. There's a restructuring around
not just the monetary policy, but of course like foreign
policy. And I think what a lot of people
are missing is that this is fundamentally potentially moving
America away from being the center of the power here.
And it has a lot of Bitcoiners have been talking about for a
while. It is starting to look like we
are entering A multipolar world versus like the singular, you
know, the US being the the kind of leader of everything.
And I think a lot of people might get blindsided by this
because they aren't really positioning themselves.
And and this is what we always talk about.
This is why we're Bitcoiners, because hey, we may be early on
this, but this is where the world is heading.
The ones who are positioning themselves as we know are the
big institutions. You know, Bank of America is
accepting Bitcoin as collateral. So is JP Morgan Chase.
BlackRock has, you know, been making tons of money off of
their IBITTF and whales have been moving billions of dollars
into that asset. So I think that they see the
writing on the wall. I think that they are finally
capitulating to the inevitable scenario that we need to to be
moving into hard assets. And eventually, hopefully the
United States government realizes that, hey, we can't
just back the dollar with the money printer because we're
actually trying to end wars. We're trying to step back from
all of this global interference, interference that we've been
doing since post World War 2. And how do we do that?
How do we run the money printer without having to necessarily go
into all of these wars and conflicts and whatever you have
to have a money that is actually like something that is actually
backing up your money. And since that's not gold
anymore, lol, we don't know how much gold there is in Fort Knox.
We need something different. We need Bitcoin.
We need a different hard asset that actually sustains the
United States economy so that we can get out of this rat race
cycle of printing and debasing everybody's currency.
Bars bars, OK, let's let's get into the recent news and I am
going to bring up Bitcoin in this because I I am also seeing
not only did we pump to one 15116, but again we we got back
to a green month. I don't know if you guys looked
at the monthly chart. It's pretty brutal, right?
It was it looks it looks pretty atrocious, but hey, it's a
positive October. I mean, it might not be the best
October, but at least we flipped green.
There's still a couple of days left.
Anyways, I'm over here on Reuters, of course, and it goes
Fed poised to cut rates this week with more easing likely on
tap. And that's probably the biggest
signal here. Remember, we've been telling you
guys, they've been telegraphing this for weeks now that
quantitative tightening is over, which really shows, hey, if
quantitative tightening's over, then quantitative easing's on.
What's that mean? It means they're going to flood
the system with more dollars, figure out a way to add
liquidity. I don't know if you guys have
been still watching what's going on in the repo markets, what's
going on in regional banks, but liquidity is drying up right
now. And This is why we're most
likely going to see I, I was, I'm going to argue we're going
to see an aggressive rate cut announced on Wednesday and then
we'll see what happens further. But we, we are starting to see
that there is some cracks in the system and they're going to do
whatever they can to paper over it, literally paper over it.
So let me read a little more of this and then I'll I'll go into
what I'm seeing in in the Bitcoin price and Bitcoin chart.
So the Fed is expected to cut rates by .25% or 25 BPS to
prevent labor market slowdown. Milder inflation reduces tariff
driven price pressure concerns and face Fed faces internal
split political pressure on rate decisions.
So there's the, you know, basics.
TLDR And actually I wasn't really gonna talk about this,
but Sophie was making a pretty good case about how the whole
government shutdown is affecting all of this.
Do you want to get into that? Because I, I was like, it's it's
really like not a big deal. I'm honestly kind of happy that
it shut down. Like what are they doing
anyways? This this is kind of a good
thing I. Mean look, if you're a
bitcoiner, of course you're happy that this is happening
because we're finally in a way cutting our spending in a way
we're not paying for non essential government workers and
we are realizing that the government functions just fine
without non essential government workers.
But what that means, that doesn't mean that we're not
paying them. That doesn't mean that, you
know, just because they're not showing up to work that they've
been suddenly fired. So on top of the fact that we
are short on liquidity, we also have to pay for all of these
workers who aren't doing anything at the moment because
they're not fired. We also have to sustain and at
some point pay back the employees who are working, who
are essential workers. And so we are going on, you
know, what might be the longest government shutdown in America's
history. And like that in the middle of a
tight liquidity market is a recipe for multiple rate cuts,
lots of money printing. And we don't, we just, we
haven't been here before. We don't know how this is going
to affect markets. We don't know how this is going
to affect inflation. We don't know how, you know,
we're going to get out of this. Again, I really do feel that
this is going to be the wake up call for the US, U.S. government
to say, hey, we need to start backing our money with hard
assets again. We need to reverse back to 1971
because this is not working. People now have decentralized
access to information. They don't want to go to war.
We can't just fool people anymore.
We can't just hide where it is that we're spending money and,
you know, say that our money has this arbitrary value on a global
scale. I mean, This is why bricks was
brought to the table. This is why other powerful
countries in the world are trying to go away from the
dollar and back their currency up, a new currency with gold and
oil. But I think that even they're
realizing that it's not exactly the, you know, the best path.
And that's why China is opening itself potentially to Bitcoin.
Russia is potentially opening itself to Bitcoin.
I, I just like the, all of the, there's a lot of things that are
coming together that are basically calling for Bitcoin to
be the global reserve asset of, for all of us for of the world.
I think we still have a little ways to go before we get there,
but. Yeah, we have.
We have a little ways, but like it's, it's gradually then
suddenly, right. I mean, how fast can the can our
economy deteriorate to the point where we have to do some serious
damage control or we lose our status as the number one economy
in the world? Remember that the US doesn't
make anything. We are the number one consumer
of the world, but we don't actually make many products.
We have invented the best, you know, technology in the world,
but we don't make it here in at home.
And so how do we how do we keep our economy afloat?
How do we do it? It used to be by, you know,
yeah, it used to be by selling dollars to countries where their
currency is worse than ours. But what happens when our
currency starts to become just as bad as theirs?
You have to, you have to shift to something else.
You have to pivot. And it's, you know, I don't,
I'm, I'm at a loss for words because I don't know if, if the
government will pivot before they allow things to become
worse than they are. OK, that, that makes some sense
to me. All right, So guys on the Fed
rate cuts, they're, they're potentially this kind of what
everyone is wondering that they might lower the federal fund
rates to a range of 3.75% to 4%. Obviously we have no clue.
They still got to deliberate. I know people are saying that
they still probably won't cut rates because of the government
shutdown. Every everyone else is kind of
expecting and I think the markets are pricing in another
rate cut. So it's going to be interesting
to see what happens in a couple of days, whether this is going
to actually happen, whether there's going to be some more
volatility in the markets, you know, whether Bitcoin can
maintain this 150K kind of market structure.
But going a little further, I really like this TFTC tweet
here. And I think this is kind of like
the long term view that most bitcoiners take.
And he goes, when the Fed cuts this week or if the Fed cuts
this week, short, short term yields will fall.
If long term yields don't, that's the bond market saying we
don't believe you can escape this debt without inflation and
a Bitcoin gets it. Obviously Bitcoin responded
really well over the weekend. And then going a little further,
just kind of, you know, keep keeping you guys up to date on
what actually happened over the weekend.
I got this headline from the block and it goes Bitcoin surges
above 115 K when millions in short positions been liquidated.
I don't know if you guys saw on Twitter, but the, the shorts,
the, the short liquidation heat map is looking crazy right now
and everyone is just kind of looking at it and like, man,
let's get these, let's, let's get all these leverage gone.
And, and they're like, it's signaling that there's probably
going to be a lot of volatility in the market.
So as prices recovered, nearly $350 million worth of short
positions were liquidated in the past day.
And they're expecting a year end Santa rally guys, maybe, maybe
we'll have a good Christmas here.
Maybe, you know, October was kind of weak actually here.
I'll, I'll pull up the, the monthly chart cause it is I, I
was actually having a good laugh about just what it looked like.
It's, it's pretty brutal here. So here we go.
Oh, actually, oh, wait, sorry, this is on the day it wasn't on
the month. Here we go Look at this, look at
this monthly chart here guys, this is, this is absolutely
nuts. So here I'll zoom out.
You can see it, you know, we're still well above the 50 month
moving average, but this this monthly chart is just kind of
hilarious. So we open the month at 114,116.
We had a low of 113 or 103 K. We had a high of 126 K and we're
currently at 100 and 15594. Just a crazy volatility on the
monthly chart. You know, hey, it's been fun.
Has it not been fun guys? Are you not entertained over
here anyways going a little further, this is probably the I
I saw this one and it made me feel a lot more bullish here so
Bitcoin archive tweeted this morning it goes just in Bitcoin
reaches short term holder holder cost basis of 114,000 first time
since Trump's tariff comments and the $19 billion crypto
crash. The last time that short term
holder MBRV reclaim ended the spring sell off in May, as you
can see here, the last time we reclaimed this, we we got some
action in the market. So if history does repeat
itself, it looks like we might be back in on play for a a
bullish Q4. And then just some, you know, an
interesting little hot headline and obviously no one knows
anything but standard charter. They've been they've been coming
out super bullish and that they did the infamous Bitcoin is
never going below 100K again. So I don't know if we can really
hold our hat on that, but they are essentially saying it it
it's probably going to begin because of the Fed rate cut.
So if this is what we're seeing, I think all of the crazy
volatility we saw in October, it might be finally behind us and
and the October returns right now I believe are like 1.4,
almost 1.5. So let me pull that up real
quick just to, you know, be completely fact checked here.
If my Internet works, it's kind of lagging on Here we go.
Actually, it's not even working for me.
Oh, here we go. OK, so as of now.
Oh, it's even worse than I saw this morning.
Perfect. So yeah, so as of now, guys,
we're barely green on October. We're up a a measly .86%.
Yeah, October has been pretty brilliant.
There's still a couple days left.
You know, I keep getting reminded of that one meme of the
kid playing football and it's like they had me in the first
half. But we finished strong.
Still a couple days left. Maybe we see some fireworks to
wrap up this month, but I think I think Q4 is still in play with
everything kind of going on in the world right now.
All, like I said in the beginning, all the stars are
aligning perfectly to see Bitcoin run.
Everyone's making crazy predictions for the end of the
year. I know we've been beaten down
all year. It's basically been a stable
coin. We've been here for over 10
months. Basically.
The price hasn't moved. It's moved 1%, you know,
confirmed 1%, but we've had a lot of volatility in the
markets. It's gone up to 126.
It's gone down to one O 3 at least.
It's been above 100K for over hundreds of days.
I think it's 120, maybe 130 days.
So the consolidation is looking really strong.
The fact that we're able to reclaim and kind of hold above
100K throughout all of this madness, I think it is starting
to show that there is a lot of strength in the Bitcoin market.
Obviously, what do we know? We're just looking at the same
stuff you guys are looking. So we're all praying for the
Santa rally here, but I think I think things are working in our
favor right now. I know there's been a lot of
craziness and you know, a new Trump tweets going to nuke the
market. Who knows if if he flip flops
and all of the crazy stuff he's been saying one week, you know,
trade wars off, the next week it's on, the next week it's off.
And the markets are just super volatile based on tweets right
now. This is the market we live in.
But this weekend they shook hands and took a picture.
So it means absolutely nothing. But you know, to the speculative
people like who you know believe in proof of stake, it's, it's
something I mean obviously like the market reacted in some type
of way. Yeah, I mean, I that's, I think
that's the main question here is what is the Bitcoin price
telling us right now? It did respond 115K or actually
it went up to like 116. I saw so many in the chat say
117. I I didn't catch that this
morning. But if the market or at least a
Bitcoin price and, and the reason we focus so much on what
happens in the Bitcoin price is not just because, you know,
Lambeau and moon, but Bitcoin is the most liquid market and
Bitcoin usually respond before every other market makes their
move. Excuse me.
And so anytime Bitcoin dips again, it's the most saleable
liquid market in the world, trading 24/7 open every single
day of the year here. It'll usually have a quicker
kind of response to what people are seeing in the markets and
then it'll usually respond better.
And so if we're seeing the Bitcoin price respond very
healthily over the weekend and we finally got a Sunday pump
back in the books, guys, it it feels good to see a pump on
Sunday. I'm glad we didn't see a huge
dump on Monday because usually, at least in the old days, you'd
see it pump over the weekend. When Wall Street kind of checked
out, it would pump all weekend and then Monday would come in
and when they get in the office, it would dump on him.
And it used to just, it used to be hilarious.
Now, now we're just like, can we pump, please?
Can we just get a pump in? So the real question I'll I'll
like to ask you guys out there in the audience is do you think
that Bitcoin is pricing in not only rate cuts, but, you know, a
bullish end of the year? I think it is.
Obviously, who knows what's actually driving the markets
right now, but I think the bullishness we're seeing right
now in the in the current price, I think is is it's starting to
make me feel a little less, you know, anxious about what's going
to happen end of year. I'm I'm I don't know if I want
to say it, but you know, wait, wait, since you guys got rid of
mean Fridays, I thought you said the price has gone downhill.
But hey, you know, I love the haters.
Shout out to the haters. Love to see it, love to see it.
We were literally just talking about you before we went on
live. We're like wow man.
We love our audience, even the haters.
And today I even have a hater. This is great.
I'd love to see it, love to see it.
All right guys, so I got AI got, you know, good stuff here.
Well, first Eric Trump, I know you guys may not like him, but
he just went on the coffee hour podcast, which is a huge
podcast, huge mainstream podcast, just getting extremely
bullish and continuing to double down on the idea of nation
states buying Bitcoin. And I'll show you a thumbnail.
You know it says like 1,000,000 Bitcoin dude, everyone's
catching on to our grift here, Sophie, everyone's catching on
to the thumbnail game over here. We're we're not alone anymore.
You. Know what some call it click
bait. I call it manifestation.
Okay, all right. I'm just, I'm just, I'm just
ready for the fuck. Sorry for the price of.
Yeah, soon and. And you know, to our defense,
there's nothing really happening in the news.
So we got to do what we can to keep you guys watching.
I'm sorry, at least to hang out in the in the live chat.
Yeah, I mean, hey, look, this is this is where we are in the
story. Bitcoin price is a stable coin.
You know, nothing really going on in the world too much.
We're seeing, we're seeing some life back in the price.
We could call it the calm before the storm.
Yeah, I love the. Framing, I hope.
Love the framing. I'm yeah, I'm just as tired as
you are. And then for the news, we
actually got some interesting news coming up out about the
Mount Mount Gox repayments. If you're a Mount Gox OG, not
really good news for you, but from, you know, a price
perspective of of a view of what are these Mountain Gox kind of,
you know, people that are getting repayments going to do
with that coin. It might actually be kind of
bullish for everyone out there. And then in the news or the
culture to wrap up the show, I'm, I'm going to go back to a
tried intrude, you know, Bitcoin per share, because I was talking
to my young cousin the other night.
She's like 1314. And there was something I really
wanted to tell her. I sent her a little Bitcoin.
I, I made her write down a wallet.
And I really wanted to kind of emphasize to her that the amount
of Bitcoin that she already holds is not that much, but
like, it's still a lot when you compare it to the Bitcoin per
share. And so I don't know if she's
watching this, but this is what I wanted to tell her.
So that's what we're going to do today.
And then, of course, before I move on, I do want to remind you
guys to smash the like button, comment on the show.
What do you think about the show?
And of course, hit the subscribe button.
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All right guys, we are back. So the current Bitcoin price, at
least according to Clark Moody's dashboard is 115,520, which is a
-8.4% decline from all time high.
And we have reclaimed $2.3 trillion market cap.
You love to see it, love to see it and the the current block
height. The only time that what really
matters is 921,000 and 54. I repeat 921054.
So TikTok next block bitcoins working exactly as designed.
Anyways, I do want to just show you this first and foremost,
what's going on. Oh, I didn't share it my bad
guys. Oh wait, I did.
Well, it's acting up on me. Here we go.
So if you are unfamiliar with the Iced Coffee Hour podcast,
these two guys are around my age, you know, they're in like
their 30s and they're one of the bigger podcasts right now.
And really a lot of the stuff they talk about is usually
around kind of financial planning and how to like invest
for your future and how to protect yourself and, you know,
be a smart investor. It is called iced Coffee Hour,
but let's let you do they're they're literally stealing our
stuff on these thumbnails, $1 million Bitcoin prepare now Eric
Trump shocking prediction for stock prices, Bitcoin and the US
dollar. So it looks like a lot of people
are a essentially starting to pick up on a lot of the trends
that we have been talking about. I've been telling you guys
basically all year that it looks like Bitcoin is starting to
enter the mainstream consciousness.
They can no longer ignore it. They have to at the very least
seriously think about what is Bitcoin trying to solve?
Will Bitcoin be a good, you know, asset for your portfolio?
Should you be investing in Bitcoin?
And of course, the big thing we always talk about is where what
is the future of the dollar now? I've been covering this for a
wow. They've been projecting and
telegraphing what they want to do with the dollar, which is
essentially lower interest rates, flood the market with
more liquidity, essentially kind of lower the strength of the
dollar so that we can kind of benefit from trade, etcetera.
Which all means to you is your purchasing power of the dollar
is going to get destroyed. You do not want to hold dollars.
Actually, you cannot hold dollars if you're trying to
build wealth. This is why everyone is trying
to position themselves into various different assets.
I know a lot of people historically like real estate.
Real estate's really hot amongst kind of young investors right
now. Basically everyone is investing
in stocks and equities and the stock market is basically being
held up by 7 companies. Like that's not even a joke
anymore. It's literally like being held
up by 7 companies right now, most of them AI.
Yeah, exactly. Like literally the S&P 500,
there's 500 companies. Most people invest in it.
It's being held up by like 7 companies, most of them around
AI. Like like Sophie was saying.
And then of course gold. Gold did a pretty good run.
It's kind of, you know, repriced itself by 8%.
Of course, last week we were covering if a 5% of that goes
into Bitcoin. Obviously, just because the
Bitcoin price went down 8% doesn't necessarily mean that
that's flowing into Bitcoin. But if a small portion of that
does find its way in the Bitcoin, and maybe that's what
we're seeing right now in the Bitcoin price, maybe people are
taking some of their profits from gold and they're rolling it
over in the rotation. The great rotation is finally
upon us and they're trying to get themselves into Bitcoin.
But again, the conversation is no longer let's ignore this
speculative, you know, scam coin here.
This is becoming a pivotal part of everyone's portfolio.
And if you don't have even a little bit of Bitcoin in your
portfolio, you are really missing out.
So if you want to go listen to the whole podcast, let me let me
refresh this, see if there's any more views.
It roughly right now has around 100,000 views.
So like, you know, these guys, these guys have a huge
subscriber base, 1.47 million. So hey, they're doing they're
doing a good job out there. If their job is kind of being
financially savvy, how to protect yourself, how to invest,
what you should be doing with your portfolio, I truly commend
them for, you know, even if you don't like Eric Trump, but going
out there and talking about Bitcoin and obviously Eric Trump
is he's he's diving really heavily into Bitcoin.
So with all that being said, let's just take a little quick
peek of the podcast. Why should any government be
buying Bitcoin? Because it's a single greatest
performing asset over the last decade, increasing in value 70%
a year, year over year, every year, like Germany a couple
years ago. There's a great article.
You'd probably, you might know the exact numbers, but Germany
had like 30,000 Bitcoin or something along those lines.
And they, they sold it right away.
They monetized it into, you know, their currency and, and it
was like the worst investment ever made by a government.
And, and by the way, that's a pretty damn low bar, as you
know, right? The government should definitely
have have certain crypto assets on their, on their balance
sheet, mainly, mainly Bitcoin and actually the United States
government does, right. You have a lot of forfeitures
and, and, and they've taken a, a great stance saying that we're
not selling any of it. You have a lot of countries
around the world that are actively buying.
If you go to, you know, the UAE, if you, if you go to a lot of
countries, they are actively putting that in their
treasuries. And you look at the Fortune 500
companies, they are actively hoarding Bitcoin.
The biggest families, the biggest companies, you know,
countries, sovereign wealth funds and individuals are all
hoarding Bitcoin, right? It's, it's why it's been as
explosive as it is. And it's funny, people are like,
oh, well, Bitcoin's down by 3% now.
It's like this time last year Bitcoin was up like 55,000 or
60,000 roughly. It's had unbelievable explosive
growth. Honestly, I, I almost personally
feel attacked at the last point. It's like, yeah, it's down 3%.
But remember last year we were at 55% and we're still
complaining. We, we really, we actually, I
saw Eric Balkunas tweet this morning or last night and he's
like, Bitcoin's up 70 to 100%, you know, on the year.
And Bitcoiners are complaining about it is like they should go
talk to like traditional bond and mortgage traders and they'll
realize like they'll get some perspective of how good we are
actually doing. But we're all like, where's the
400 X? Where's the 400% gains here?
It's different because we've been waiting for like 4 years
that that's what people don't understand.
We're tired because we've been waiting for an entire cycle in
what, you know, historically has been a huge bull run and we
haven't gotten that yet. And I think that part of that is
because institutions and governments have have stepped
into the scene, right? Like I thought, I thought that
them becoming part of it was actually going to make the price
go up. But it turns out, it turns out
that's not what's happening at all.
And I could, I can only blame it on the one factor that's been
different this cycle, which has been the involvement of the
government and these great financial institutions.
So. Well, I think I was actually
explaining this to Sal this morning.
I think what is going on and we covered it last week.
A lot of the selling, quote UN quote selling that we're seeing
from Wales. Remember guys, we've been
covering that all year like even though supposedly we're seeing
you know billions of dollars being bought up by institutions
and Bitcoin treasury companies. At the same time we've seen
multiple billions of coin, you know billion dollars in in
Bitcoin hit the exchanges and a lot of people have been
suspecting that the whales are selling out and everyone's like
why would the whales sell out and obviously you can
rationalize this and be like hey, 100K was their number with
more data as the year comes along.
It turns out that I think a lot of people are essentially
swapping their Bitcoin for these treasury company stocks 'cause
they think they're going to get a better return.
And then and then just more recently, we saw that the
BlackRock ETF is allowing the in kind redemption.
So a lot of the quote UN quote selling we're seeing on the
market is not necessarily people selling out.
It's just them swapping for treasuries or these ETF to get
some of these Wall Street benefits quote UN quote.
And so like I have been saying that all year long as well self
where it's like, all right, one, are these Bitcoin treasuries and
ETFs actually buying Bitcoin because we should be seeing the
price go up. And then as the data, more data
comes out, you're like, well, at the same time, there is billions
of dollars potentially being sold by whales, which makes you
just very simply 42 IQ take of this.
That's the thing, it's not even being sold, it's just being
moved into ETF. Yeah, yeah.
These institutions are holding those keys.
So they're, it's not that they're being sold, it's that
they're being like almost like just transferred like.
Stabilized, yeah, totally. But on the exchanges, it does
get marked as a sale even though they aren't actually selling and
sell going further on it. I think what a lot of people see
it's. Just massively undervalued.
It's exactly what I think what a lot of people are seeing is if
you see whale is kind of sending a bunch of coin and you're,
you're not like a a hardened Bitcoin OG true believer, you
probably get a little freaked out.
You're like, why are they selling billions of coins or
billions of dollars of coins on us?
You know, this must be the top. They're looking for exit
liquidity. But of course, we don't know
exactly what they're thinking is.
But if they are majority rolling it into treasuries or ETFs.
So on the exchange, it'll mark as a sale, which scares people,
but they're really not selling out.
And so that's I think what's been kind of like the two
factors in play. Yes, the Treasury companies are
buying thousands, thousands, you know, 10s of thousands, hundreds
of thousands of coins. ETFs have acquired million
coins. But there has been potentially,
you know, at least on market, on paper, a lot of sales.
But now it looks like that is just getting ported over.
And more recently, we did just see, since we're talking about
Eric Trump here, their company, American Bitcoin Miner just
recently bought an additional 1414 Bitcoin, now holds 3865
Bitcoin and they are ranked 26. So, you know, Trump's are,
they're climbing that leaderboard.
I mean, Trump Media Group is I, what was it, 6?
And now American Bitcoin Miner is 26.
I think a lot of the people that are saying, you know, that Trump
and then the Trump family isn't that serious about Bitcoin.
I think their accumulations are telling us otherwise.
They want the coin. They're, you know, they are
very, very active about Bitcoin or America becoming the Bitcoin
capital of the world. They they are, but at the same
time, when these institutions start to adopt Bitcoin, they
look for stabilization like the reduction of volatility.
They don't like these crazy bull because what happens when a
bunch of people see a bull run it like look at what happened
with gold the other day. They will sell in order to have
liquidity or to, you know, do it.
And that, that type of volatility, Wall Street and the
government, they're just not used to that.
And I have a feeling that there is something happening behind
the scenes that is either suppressing the price or, you
know, some sort of mechanism in place that is keeping the the
price like going sideways. Because I've never seen Bitcoin
behave this way, to be honest, even during a bear market.
I've always seen it go up and down, up and down.
It doesn't just like straight up go sideways.
That is a sign of what like something that like Apple would
do on the stock market. It's it's not normal.
We're really a stable coin now. It's.
Crazy. It's going to be 115 per coin
forever, guys. I like this comment in the chat
though. JC 18 junior goes.
People are mad that Trump gave them cheap coins to buy.
Love it. Love the optimism.
Yes, he said. We're going to be the, you know,
Bitcoin superpower of the world. And then he gave us some cheap
coins, you know, before the inevitable bull run.
So, you know, you really can't be that mad at him.
It's kind of a Chad move. You can be, Well, actually,
yeah, you can't be mad at him because he's also the person
that's printing a bunch of money for there to be in circulation
so that you can buy more Bitcoin.
But it's kind of impossible to do when people need liquidity
because inflation is going. So like, do you see the cycle
that I'm painting for you? Like it's it's getting harder to
buy Bitcoin because of inflation essentially.
Like the same reason why you would buy Bitcoin is the reason
why it's it's becoming hard to acquire some in the first place.
More dollars sloshing around in the system buying for the same
amount of sets. It's the race is getting
competitive to say the least, to say the least.
Anyways guys, one more commercial break, break, break
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share this video with your friends.
Thanks. The whispering's hilarious.
OK, guys, not. Even whispering at this point
it's just like softer. It's just like normal talking
because Niko yells at us every day.
It's to bring the cortisol. Level down dude, honestly, you
do bring my cortisol level down when you do the ASMR. Anyways,
guys, let's let's chat about this.
So if you're unaware of this Mount Gox, I don't know if you
guys are new. If you've been in Bitcoin and
you've done, you know, some basic research into the history
of Bitcoin, then you know the importance of Mount Gox.
It's one of the earliest exchanges had a huge demise.
This was basically the start of I believe it was a 2013 bear
market where it went from $1000 all the way down to $100.
It took about two years for, you know, the Bitcoin price to
reclaim this. This was one of those early
moments where if you were in Bitcoin, excuse me, if you were
in Bitcoin, this was one of those early testing points where
you might have thought this whole thing was over.
And This is why we constantly tell you guys that you want to
take your Bitcoin off in exchange because if you don't
own the keys and it's not really your Bitcoin.
And if we seen any type of examples throughout history,
these are the biggest ones. Whether it's Mount Gox, whether
it's what happened with Block 5, Celsius, FTX.
Some of the biggest moments in Bitcoin always revolve around a
very simple principle is if you leave your Bitcoin on an
exchange, it's not really your Bitcoin and you can potentially
never get those Bitcoin back. And This is why we constantly
tell you guys, you want to of course buy Bitcoin, but you need
to take it into cold storage because you're never going to
get rug pulled by an exchange. And again, This is why we
partner with Bitcoin. Well, because they never hold
the Bitcoin anyways. We have a recent update.
So the last time we talked about Mount Gox it it sounded like
the, you know, Mount Gox customers, victims, however you
want to call it, we're about to get paid.
I think the last time we were hearing about this, they were
saying October or November of this year, they were all about
to get repaid. And as of this morning or yeah,
as of this morning, it looks like the Ogs out there.
If you had Bitcoin on Mount Gox, it's going to be pushed back for
another year, guys. So again, not your keys, not
your Bitcoin. And this is one of the longest
ongoing sagas in Bitcoin. This happened, you know, over a
decade ago. And yet the people that had lost
Bitcoin on Mount Gox still haven't been able to claim that
Bitcoin. So we'll read this little bit.
Mount Gox pushes back Bitcoin repayments to October 2026 The
defunct exchange trustee has pushed back repayments for
October 2026, citing incomplete procedures and creditor
processing issues. Of course, here's it's gonna
push back another year. So around 19,500 creditors have
been repaid so far, while many remain pending.
Early repayment news sparked sell offs, but later delays drew
little reaction, showing greater market resilience.
And again, I think This is why. On the one hand, if you are a
Mount GOX victim, you're probably mad about this news
story. But if you're a newer Bitcoiner,
that last sentence is probably why this might be a bullish
thing because it might have, it might have caused another sell
off. But I think as if we seen
anything in the last couple of weeks is that Bitcoin is more
resilient. Bitcoin is stronger now, it is a
bigger market and the sell offs aren't as brutal as they used to
be. If you heard another kind of
historical moment in Bitcoin, the bare well he sold about I
think it was 19,000 coins or something like that.
I'd have to maybe someone in the chat can refresh me on that.
And the last sell off we just saw about, you know, a few weeks
ago was like quadruple the size of that and we went down 10%.
It wasn't a complete, you know, end of a bull run.
It wasn't a bear market. It wasn't a long term kind of
devastation. It was just a blip on the
Bitcoin chart. Seems like the bear, the bull
market is still in effect, still in play.
So rehabilitation trustee Naboika Kobayashi wrote that
many creditors still haven't received the repayments because
they, quote, have not completed the necessary procedures, while
others face issues during the process.
Was formally approved by Tokyo court and announced on a notice
published Monday. So it looks like they're going
to get pushed back. And Arkham data shows that Mount
GOX still holds about 34,689 Bitcoin, worth nearly $4 billion
at current prices. So if we, we saw, if this did
happen, I think a lot of Bitcoiners that were OG Mount G
Ox, kind of, you know, I, I think the only word I can use is
like victims here. Most likely they're not, you
know, they haven't lost faith in Bitcoin, but if they did get
repaid, we might have saw another sell off.
And, and really the question is, could Bitcoin deal with another
sell off right now? I feel like we're just getting
some life back in the market. They might not, I mean.
Yeah, that's that's really the thing if.
If they're getting paid back in Bitcoin, if you know, I think
some people are getting paid back in Fiat and in Bitcoin
cash. But if they're getting paid back
in Bitcoin and they've seen how it's performed over time, I
don't see why they would massively like, sell this off.
Like it was just like, like, why would they do that?
Or maybe they would sell off a little portion, but not the
whole thing. Not.
Not when they've seen how much Bitcoin has appreciated over
time. Well, that's what Elaine said in
the chat. She goes, I guess Mountain Gox
is waiting for a number to go up to.
So hey, you know, one of those sagas that continues to go on.
And This is why we constantly tell you guys, you need to take
self custody of your Bitcoin. I know it's kind of, it is
terrifying for a lot of people, but the safest place to hold
your Bitcoin is under your own self custody.
And I was literally talking to one of my cousins about this the
other night. And he was like, OK, can you
just like explain to me, you know what, like on a
theoretical, technical level, is holding a Bitcoin on an exchange
the same thing as holding in cold storage?
Aren't they both kind of like IO us?
I'm like, no, dude, like if you leave your Bitcoin on an
exchange, that's the IOU and the safest place is to hold it in
self custody. And he's literally the one that
kind of got me into Bitcoin. Me and him basically learned
around the same time. And of course I just got
obsessed with it. And he just like, OK, whatever,
like you're a nerd. But This is why we constantly
tell you guys the best place to have your Bitcoin is just it is
a learning curve. There is a little more
responsibility that comes to it. But you cannot leave your
Bitcoin on an exchange because you never know if these
exchanges do go down, you might not ever receive that Bitcoin
and you might be stuck in a, you know, over decade saga to try to
reclaim your games. And the only thing that really
kind of did well for the Mount Gox guys is that they literally
did keep it in Bitcoin versus most other kind of scenarios
similar to this. Like we saw with the Block Fi
stuff in the FTX payments repayments, they basically just
give you the dollar gain back on the date of its collapse.
And so you lose out on all those games.
That's what FTX is doing right? And so at least you can tell
that these people have good intentions, even though the
system behind them failed. And and that's, you know, the
intention doesn't matter. You can still lose your Bitcoin.
I think that's like the principal lesson here to learn
is, you know, keep your, as you said, keep your Bitcoin in self
custody and don't, don't, don't, don't keep it on exchanges.
Yeah, and actually I think this is a good point when some hacks
shouts out, my boy wins some hacks, he goes self custody is
ideal. You shouldn't let it stop you
buying Bitcoin. Now with a view to moving to
self custody though, I would totally agree with this is like
guys, a lot of the things in Bitcoin.
Yes, we can be dogmatic when we when we talk to you guys on the
show, a little hyperbolic, etcetera, but it is kind of baby
steps. And I think a lot of people,
especially when it comes to self custody and especially when it
comes to a large amount of wealth, you shouldn't just, you
know, go through this extremely fast.
I think on more for most people, probably the best way to do
this. And again, you know, like don't,
don't, you know, put me on a don't crucify me here.
But usually what I kind of recommend for most people is a
very simple process so that they can kind of get their toes wet.
And it's like, you know, buy on an exchange, whatever is most
convenient for you, buy on an exchange.
And then when it gets to a certain amount, you know,
certain threshold that you feel a little uncomfortable leaving
it on an exchange, then I'll probably have them move to like
a phone wallet. And once they kind of get
comfortable with that phone wallet, then I start kind of
giving them a cold storage to set up and I kind of, you know,
drip feed them more, more of the Bitcoin signal.
So they they do happen in baby steps.
Now I know a lot of people will do the opposite and they're
like, you need to buy Bitcoin and you need to buy a bit key
today. And this is the best way and the
only way you should do it. I totally get that angle.
I mean. It is the best way that you
should. Yeah, it totally is the best
way. But some people you, you kind of
have to work with people. No, I mean, I think just
everybody has to go through their own journey, right.
Some people they they start by buying Bitcoin on cash shop and
then they keep going down the rabbit hole and or something,
you know, unfortunately bad happens to them where they lose
some of their Bitcoin or they get scammed and then they
realize the importance of self custody or the whole other side
of why Bitcoin is important. It's not just number go up, it's
the fact that you can store it with, you know, 12 or 24 words
in your mind. So if you know if, wait what?
Someone said force Bitcoin down their throats.
Yeah, for just do it. Just you know what?
Like forget everything I said, just force Bitcoin.
Down yeah, yeah, just force Bitcoin down their throats.
It it really depends like actually I'm I'm this is
probably a good segue into wrapping this up.
I did the other night get my, my young younger cousin kind of
into Bitcoin and I, I did kind of force your hand a little bit.
It wasn't that hard. I was like, OK, look, I'm going
to send you some Bitcoin, but I need you to download a phone
wallet and you need to, you know, write the seed seed phrase
down. Make sure you don't show your
mom or your brothers and make sure it's on a piece of paper.
And then once you get that seed word phrase down, I'm going to
send you some Bitcoin. I did a small little test
transaction. I'm like, did you receive it?
And she was like, yeah. And then and I sent her
basically what I promised her and I'm like, OK, now you're a
bitcoiner, you're rich, protected, like your life
depends on it. And I just made I, I dude.
So if I made another bitcoiner though.
I did that with my I did that with my cousin actually a couple
of weeks ago. I turned him on to Bitcoin.
Well, I made him get a bit key. I made him, you know, have the
whole system because he's like, bro, like what if they rug me on
Coinbase? Like what if what happened to
FTI? Like he just started randomly
thinking about it and I was like, exactly, exactly.
So I got him on the system. Now he's protected.
He's hooked up like we're we're, we're moving in the right track.
The kids are going to be. Yeah, the kids are going to be
all right. And honestly, actually I'll just
keep it moving and I'll, I'll rehash kind of part of this
conversation, but the kids will be all right.
All right. Last commercial break for you
guys and we will chat a little more about this in the culture.
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freedom. Sorry, guys, I was trolling in
the chat, but Bitcoin Barbara, I'm glad stacked stacked over is
almost over. Anyways, kind of continuing on
this conversation that I had with my cousin.
I I didn't do the whole, you know, Bitcoin shell, the
importance of it, but she she actually like, I think I sent
her, I don't know, like 20 bucks on like, I don't know, a few
years ago or something like that.
And her phone got lost. And then this is where that
conversation kind of sparked from my aunt hit me up and she's
like, you're, you're actually kind of influencing your, your
baby cousin really well over here.
Because the only thing she cared about was apparently she had
some Bitcoin on that wallet. And I'm like, OK, did, did I
write the seed words down for her?
So I don't know. Anyways, I think we made a, a
small donation to the network there because I, yeah, I
couldn't find the wallet that I gave her.
And so I felt bad, a little bad. And because I was, I, I, this
was like 4 or five years ago or something like that.
And so I was looking for the seed word phrase and I, you
know, I, I just, I couldn't find it.
And so I hit her up and I was like, OK, look, this is what
we're going to do. You're going to download a
wallet on your phone. You're going to write the seed
word phrase. Make sure that you're writing on
a piece of paper very legibly so that you can reread it.
You know, make sure you do it slowly.
All that good stuff, like don't show it.
Like if you want to show it to your mom.
So like do a copy so that your mom backs it up for you.
You can do that. And we both kind of agreed like
it's probably better. It's probably better in her
control. Like she she'll protect her
secrets better than my aunt will.
I love my aunt, but yeah, she's, she's probably not the best
person to, you know, keep, keep a, a very important thing for my
young cousin. And so she wrote the seed phrase
down and I sent her like a small test transaction.
I'm like, OK, did you receive it?
You know, did you do the wallet correctly?
Are you getting that Bitcoin? And then I sent her some more
Bitcoin and I was like, OK, now you got to protect this seed
word, put it somewhere safe. And then on Christmas, it's
coming up like I'm going to buy the whole family a bunch of bit
keys. I'm going to make sure you guys
are secure, secure. So for now, you know, you have
some on your phone, don't lose your phone, etcetera, etcetera,
etcetera. And she was super happy.
I, I sent her, you know, not, not a lot of Bitcoin, but a lot
for a young little girl. And she was super happy about
it. And she's securing and she's,
you know, she's a Bitcoiner Now I'm like, look, you're rich,
you're a bitcoiner protected with your life.
But one of the things I really did want to kind of talk to her
about and tell her is just like the significance of I sent her
like, you know, 100 bucks, 200 bucks or something like that,
like not too much, but for a young girl.
And she was happy about it. And I also was joking.
So if I'm like, look, I'm not going to rug pull you like I'll,
I'll, I'll lock in the games for you too.
So if I sent you 20 bucks, like I'll send you 200 bucks this
time so that you got the game, so you don't feel like I scammed
you out of the out of your Bitcoin.
So she in her head, you know, intuitively understands like,
oh, Bitcoin goes, it's Internet money.
Like she's in control. She's her own bank.
And you know, so we we did that process and she was super stoked
on it. But one of the things I really
did want to go into is the whole idea of Bitcoin per share.
But I didn't really want to like be the unk, you know, older
cousin. That's like that's like all
right, you know, you got to understand, you know, like stay
in school, like you got to understand how much Bitcoin you
actually hold you got. To go for like the initial human
incentives of I get money from you.
Awesome. Well, that's what I was joking
and my my cousin was on the phone and I'm like, all right,
so now your job is my, her, her older brother.
It's like now your job is to anytime you get paid by your mom
or your or my cousin, it's like you got to ask them for Bitcoin.
And I heard him on the back. It's like, F no, I ain't giving
her any of my fake coins. So you know she.
Or she just got it. She she might just have to open
up an account with Bitcoin. Well, dot.
Com off the rugged she's not old enough she she's not old enough
to do financial things. So really.
You have to be old. I think you got it.
I'm pretty sure you got to be at least 18.
I'm guessing usually most exchanges you got to be 18 to
open up an account unless it's offshore.
No sorry I'm not rugging. I literally I locked in the
games for her dude. So I you know.
Probably gave her more. Yeah, I totally.
Gave her more games than than what it was.
I literally, yeah, I literally paid interest on it.
Anyways, part of the thing when I was telling her and I was
shooting her Bitcoin, I, I really want to like sink in the
significance of it, but you know, I, I didn't really want to
do the whole Bitcoin show and her being like, OK, whatever.
So I'll do it here on the show. And our Twitter account did this
funny tweet and it's like like if you hold more Bitcoin than
Germany and they hold $814.54, which is what .007 08 bitcoins,
so 700,000 SAT. I believe the US or German
government holding 700 SAT. So if you hold $1000 in Bitcoin
today, you hold more money than many of the nation states around
the world. So pat yourself on the back.
But this was the one that I, you know, just, I don't know if this
would make sense to like a 1314 year old girl, but I, this is
what I wanted to say. And I didn't want to get her
eyes to gloss over and be like, OK, whatever, dude, just like,
send me the money. Like, do I, do I have to sit
through this lecture? Can you just send me the money?
Wait. Till she finds out that she
cannot spend it. No, she's she's all about
locking in the game. She's like, I don't want to
spend this I, she already because again, I sent her like
20 bucks like, I don't know, 3-4 years ago or something like
that. And we did the process before
where she, you know, we wrote down the seed phrase together
and I and I explained it to her and it, it registered long
enough where she was like, I, I think, I think my cousin has the
seed word phrase. And then I moved and I, I don't
know what happened to it. So, you know, good donation for
everyone else. Nice little lesson for my young
cousin. And she knew, you know, like,
yeah, it was like, I don't know, X amount of dollars, but like,
it should be more now. I'm like, oh, well, what was it
then? And I'm like, look, I'm not
going to scam you. I'm going to I'll give you the
game so so you can feel good about it.
And here we go. This is like, you know, the
Bitcoin per person, one of the classic kind of sites in Bitcoin
just so people can really understand how valuable Bitcoin
is. And really, you know, and I, I
don't really fully believe in this metric of Bitcoin per
person. I, I'm not really much of A, you
know, what's it egalitarian or wherever, where everyone
deserves the same thing and the same amount of wealth.
But when you think of it in this context, you realize that even
if you're holding a million sets, 10 million sets, half a
coin, etcetera, like even if you're at $1000 in Bitcoin and
today you are still early to this thing.
And when you break down the math in the fractions of this,
there's roughly, you know what, 8.1 billion people on planet
Earth. As we always say, there's not
that much Bitcoin to go around. I was literally tweeting on over
the weekend, there's 24,000,000 American millionaires.
It's only 21 million Bitcoin. Like the goal is and should
always be trying to hold on to one coin.
But hey, if you don't get to 1 coin like it's not the end of
the world. Obviously you want to maintain
stacking and continue to accumulate Bitcoin, continue to
use it as a savings vehicle. But if you broke down the 21
million SAT's compared to the 8.1 billion people, that
basically is what is this 244,000 SAT's, 244,616 SAT per
person? And right now that's what, 2
almost $300 worth of Bitcoin? Is that what it's saying?
Given that a current Bitcoin currently costs 114, it's a
yeah, 1:15. There are only enough bitcoins
for every person to have 281.28 cents worth of Bitcoin.
That's great. If bitcoins were distributed
using the current global distribution of wealth, 99.9% of
people would have $53.50 worth of Bitcoin, and people on the
top .001% would have .73 bitcoins each.
So. Do you think like a situation
would happen where like all of a sudden the dollar just like
starts to gain value because we are backing our entire global
reserve with Bitcoin? Theoretically, yes.
In actuality, if the dollar gains more strength, that's
actually kind of like a bad thing for us.
In this scenario. But like, what if it gains
strength by virtue of being backed by Bitcoin, is what I'm
saying? Like, is that a thing?
Is that possible? I mean, I'm not an economist.
That's like really not that's that's.
What, Since Senator Lummus has kind of been saying that we
could, you know, save the US dollar by backing it with
Bitcoin? Well, you could save the deficit
is what she said. She said that we could pay off
the majority of the deficit or whatever, but like over 20
years. But even then, like, I mean,
could you imagine if we were back in the 1950s when like 1/4
would get you a slice of pie? If you go to Starbucks now and
coffee's like $6, It's crazy. Yeah, inflation sucks.
Inflation's a hell of a drug to say the least.
But you have this comment. I'm finally above averaging
something. Yeah, man, I like honestly, when
when look, I know a lot of times you're on Twitter or you're
talking to other bitcoiners, and we used to call it like stack
shaming. People would stack shame you.
It's because you don't have a big enough stack.
Like we're, we're not. Look, let's be honest here.
I'm never going to have Sailor stack, all right?
There's no possibility I'm ever going to get Sailor or
MicroStrategy stack or, you know, hold millions of coins
here. So you do feel like you're
losing the race a lot of times. But when you kind of break it
down into this mentality, you start to realize, OK, I am in a
lot better place than maybe I was giving myself credit for.
And the whole point I think of this one was the kind of show my
young cousin that, hey, you know, like you're holding a
significant amount here, even if it's only a couple 100 bucks.
Like it's really going to end up being a lot of money if you can
hold it long term. But the second one is always the
same that we always tell you. It's a game of accumulation.
It doesn't matter what your stack is today.
What matters is are you accumulating to that stack every
week, every month, every year? That's the game that really
matters is are you continuing to accumulate?
So you should never be taking your foot off the gas, even if
you go a long periods of time where life gets crazy and you
can't stack Bitcoin, as long as you continuously save in
Bitcoin. This is how you know you escape
the rat race. This is how you achieve
financial freedom. This is how you make sure that
if there is some kind of dystopian future on the on the
horizon, that you have money outside of the system.
That's like the more kind of hardcore view of this.
The simple view is like, you know, let's be happy for what
you have. You might actually be in a much
better place than you ever thought you were.
When you really break it down into different kind of
perspectives, different points of views.
Like a lot of us, yes, we might not be 100 millionaire Ogs from
2013, but in what, 15 years from now, the stack that you have
could potentially be a significant amount of money that
you need to protect. And you need to get more people
kind of around you understanding what they hold and continue to,
you know, do your part to get more people holding Bitcoin.
So anyways, that's that's all I got for them today.
You want to add a little bit to this?
So I remember being Waves. Yeah, agreed.
How much Bitcoin could that Snickers get you in 1969?
Well, Bitcoin was around, I'm guessing a lot.
A lot. A lot.
I mean, I don't have much to add except for if this isn't your
cue to keep stacking with the price going sideways like this
with us, you know, having this expectation that Bitcoin is
supposed to go up and it, you know, be supposed to be a bull
run and it's not. You know that this should be
your chance to just keep on stacking as much as you can as
as much as things are getting much more expensive and like you
need to live. The sacrifices that you make
today to buy Bitcoin will more than likely be worth it in the
future. So just keep sacking, keep it in
self custody and you know, take it a day at a time, but do stay
solvent, OK? This is not this is not
financial advice. Oops, I'm I'm just pressing
buttons over here. Yeah, you know, stack sat.
Stay humble, stay solvent guys. Do not over leverage yourself.
The name of the game is keeping your Bitcoin.
So don't get caught up in the greed of trying to get more
Bitcoin. The name of the game is keeping
your Bitcoin so, you know, being smart with your money.
I, I, it's really, I mean, I've been saying this for a while,
like it's not sexy. Like the Bitcoin message is
really not that sexy. It's like, oh, just save some
money and, you know, get rich slowly.
Like, it's really not that sexy. It's not giving Andrew Tate.
It's giving stay at home and save.
Save your shekels so that you can just live 10 years from now.
Yeah, it's really not that sexy. It's like, oh, hey guys, how do
we make financial, you know, smart financial planning sexy?
You kind of can't you just stack Bitcoin and hold it for the long
term and you're going to be good to go anyways.
Guys, we love you. We appreciate you.
We wouldn't be here without you guys.
Of course. We go live Monday through
Friday, roughly 1230. You know, I'm gonna, I'm gonna
keep blaming Sophie for the really late time here.
You know, like we usually it's 12:30.
I know we start at 12:16, but we are really on Latino female time
here for the for the foreseeable future until Nico comes back and
then we're just simply on Latino time, which will be 15 minutes
late. OK, so you know, we'll blame
Sophie. Actually, I'm taking no
responsibility for this. It's all Sophie's fault.
No, I'm just trolling. I'm trolling.
It's partly my fault too. So actually I'll take full
response. I'll take full accountability as
a male here. It is my fault we're starting
late. OK, guys.
So. Shutting up thing as a woman is
really is really coming into my favor right now.
All right guys, we love you guys and we'll be back tomorrow.
Have a good rest of your day. It's Monday, guys, lock in for
the week. We're going to we're going to
lock in here. Positive attitudes all week.
I can't complain any. I'm not going to complain to
Sophie locking in guys, it's October is still in play.
All right, guys, on that note, we will see you tomorrow.
Have a good rest of your day. Bye.
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