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Tomorrow might be the day that 
changes everything for all the 

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markets, and this is coming as 
the stars could be aligning for 

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Bitcoin. 
Right now, Bitcoin is back above

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115 K and we just survived the 
massive $19 billion liquidation 

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event as Bitcoin finally flipped
green for October and then we 

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can have more fed rate cuts 
coming faster than you think. 

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I, I think the Fed rate cuts are
like more than locked in at this

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point. 
We just, we don't know how much 

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are coming. 
I know a lot of people, I think 

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the kind of conservative view is
25 bips. 

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A lot of people are saying 50 
bits. 

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We've, we've heard some crazy 
even 100 bit cuts, but we can 

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almost guarantee that the rate 
cuts are coming. 

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And I think for most people off 
most bit corners, they're always

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wondering like what's why do we 
care about the Fed rate cuts? 

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It always boils down to 1 simple
thing. 

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Cheaper money equals more 
liquidity. 

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And if they're trying to lower 
the rate cuts, then we all can 

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kind of bet that liquidity is on
the horizon. 

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The big print money goes Burr, 
etcetera, etcetera, etcetera. 

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And I think a lot of the stuff 
we're seeing right now is people

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waiting on the sidelines until 
the markets kind of figure their

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shenanigans out. 
It's still a little early, so 

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figuring out where to invest 
their money. 

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So people are sitting on the 
sidelines anyways. 

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We'll get on into that. 
And of course, I'm here with 

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Sophie. 
I don't even know when Niko is 

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coming back yet. 
So it's Sophie and I for the 

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foreseeable future. 
Coming back soon. 

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Great, great. 
You're just. 

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You're just going to have to 
tune in every day this week 

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until to. 
See if he comes. 

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No, until he comes back. 
He's definitely coming back this

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week. 
I just I I can't guarantee 

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exactly when this. 
RIP, RIP. 

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All right guys, let me let's 
break some stuff down. 

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So I'm not just going to cover 
the rate cuts cause of course 

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it's almost a lock. 
And so this is happening 

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tomorrow They are doing it's a 2
day kind of meet. 

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They're going to meet tomorrow, 
Wednesday or tomorrow Tuesday 

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the 28th and then and we will 
get the official announcement on

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Wednesday the 29th. 
That's most likely when Jerome 

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Powell will speak. 
So they got two days to 

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deliberate about this. 
But I think we're we'll probably

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start seeing Bitcoin and other 
markets pricing a rate cut. 

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I think we kind of saw this this
weekend. 

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We did get a healthy pump back 
to it actually went up to 116, 

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but we're roughly around 1:15 
right now, so. 

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He's talking about the price. 
Everybody, it's over. 

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Everybody close your ears, it's 
over. 

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Honestly, I'm so apathetic at 
this point about the price. 

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Like I really AM at this point 
just happy to be holding 

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Bitcoin. 
I feel privileged to just be 

54
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holding Bitcoin while everybody 
else's money is essentially 

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going down the gutter as as soon
as they no, I mean, it sucks, 

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but it's true. 
Like everybody else who is 

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holding cash, who's holding like
anything in their bank accounts,

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like get ready when they start 
printing this money, that money 

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is going to be worth 
significantly less. 

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And, you know, we're right now 
at 3% inflation, which is higher

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than the Fed's 2% goal here, 
which, you know, was inevitable 

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after they did the first rate 
cuts in September. 

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And now they're saying that not 
only are we going to get rate 

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cuts at the end or in the middle
of this week, but we're also 

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going to get it again in 
November. 

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So everybody is kind of 
scrambling to either buy more 

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Bitcoin or see where they hedge 
their bets and where they put 

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their money. 
We've seen an all time high in 

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gold, as you all know recently, 
even though that's also been 

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kind of collapsing in front. 
Of yeah, it went down about like

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8% the last couple of days. 
Because people need liquidity 

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because like that and that's the
whole cycle, right? 

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They print money, it goes into 
hard assets, hard assets pump 

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and then people need immediate 
liquidity, which leads to the 

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cycle occurring again. 
And the quantitative easing 

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we're seeing is happening like 
more and more frequently. 

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So how long until that frequent 
frequency ramps up to a 

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situation where you have 
hyperinflation, which we've seen

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time and time again in countries
like Lebanon and Venezuela and 

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you know, it's, it's, we are not
immune to it. 

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America, USA, we, this is this 
is going to be a tricky time for

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people. 
Well, we're actually. 

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We're literally at like Ground 
Zero here. 

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So if anything, I think 
Americans are going to have have

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a rude surprise if if they 
aren't actually preparing 

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themselves because we are seeing
some some interesting stuff 

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happen in the Middle East. 
And I this is totally different 

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tangent, but it does seem like 
there is some kind of deals 

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being made right now. 
There's a restructuring around 

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not just the monetary policy, 
but of course like foreign 

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policy. 
And I think what a lot of people

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are missing is that this is 
fundamentally potentially moving

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America away from being the 
center of the power here. 

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And it has a lot of Bitcoiners 
have been talking about for a 

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while. 
It is starting to look like we 

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are entering A multipolar world 
versus like the singular, you 

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know, the US being the the kind 
of leader of everything. 

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And I think a lot of people 
might get blindsided by this 

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because they aren't really 
positioning themselves. 

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And and this is what we always 
talk about. 

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This is why we're Bitcoiners, 
because hey, we may be early on 

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this, but this is where the 
world is heading. 

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The ones who are positioning 
themselves as we know are the 

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big institutions. 
You know, Bank of America is 

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accepting Bitcoin as collateral.
So is JP Morgan Chase. 

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BlackRock has, you know, been 
making tons of money off of 

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their IBITTF and whales have 
been moving billions of dollars 

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into that asset. 
So I think that they see the 

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writing on the wall. 
I think that they are finally 

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capitulating to the inevitable 
scenario that we need to to be 

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moving into hard assets. 
And eventually, hopefully the 

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United States government 
realizes that, hey, we can't 

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just back the dollar with the 
money printer because we're 

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actually trying to end wars. 
We're trying to step back from 

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all of this global interference,
interference that we've been 

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doing since post World War 2. 
And how do we do that? 

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How do we run the money printer 
without having to necessarily go

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into all of these wars and 
conflicts and whatever you have 

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to have a money that is actually
like something that is actually 

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backing up your money. 
And since that's not gold 

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anymore, lol, we don't know how 
much gold there is in Fort Knox.

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We need something different. 
We need Bitcoin. 

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We need a different hard asset 
that actually sustains the 

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United States economy so that we
can get out of this rat race 

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cycle of printing and debasing 
everybody's currency. 

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Bars bars, OK, let's let's get 
into the recent news and I am 

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going to bring up Bitcoin in 
this because I I am also seeing 

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not only did we pump to one 
15116, but again we we got back 

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to a green month. 
I don't know if you guys looked 

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00:07:38,680 --> 00:07:41,440
at the monthly chart. 
It's pretty brutal, right? 

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It was it looks it looks pretty 
atrocious, but hey, it's a 

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positive October. 
I mean, it might not be the best

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October, but at least we flipped
green. 

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There's still a couple of days 
left. 

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Anyways, I'm over here on 
Reuters, of course, and it goes 

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Fed poised to cut rates this 
week with more easing likely on 

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tap. 
And that's probably the biggest 

138
00:07:59,520 --> 00:08:02,000
signal here. 
Remember, we've been telling you

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guys, they've been telegraphing 
this for weeks now that 

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00:08:06,080 --> 00:08:10,160
quantitative tightening is over,
which really shows, hey, if 

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quantitative tightening's over, 
then quantitative easing's on. 

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00:08:13,440 --> 00:08:15,680
What's that mean? 
It means they're going to flood 

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00:08:15,680 --> 00:08:18,840
the system with more dollars, 
figure out a way to add 

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00:08:18,840 --> 00:08:21,080
liquidity. 
I don't know if you guys have 

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00:08:21,200 --> 00:08:23,840
been still watching what's going
on in the repo markets, what's 

146
00:08:23,840 --> 00:08:27,720
going on in regional banks, but 
liquidity is drying up right 

147
00:08:27,720 --> 00:08:29,680
now. 
And This is why we're most 

148
00:08:29,680 --> 00:08:32,640
likely going to see I, I was, 
I'm going to argue we're going 

149
00:08:32,640 --> 00:08:36,520
to see an aggressive rate cut 
announced on Wednesday and then 

150
00:08:36,520 --> 00:08:40,120
we'll see what happens further. 
But we, we are starting to see 

151
00:08:40,120 --> 00:08:43,000
that there is some cracks in the
system and they're going to do 

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00:08:43,000 --> 00:08:45,480
whatever they can to paper over 
it, literally paper over it. 

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00:08:45,480 --> 00:08:50,880
So let me read a little more of 
this and then I'll I'll go into 

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00:08:50,880 --> 00:08:53,560
what I'm seeing in in the 
Bitcoin price and Bitcoin chart.

155
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So the Fed is expected to cut 
rates by .25% or 25 BPS to 

156
00:09:00,120 --> 00:09:04,160
prevent labor market slowdown. 
Milder inflation reduces tariff 

157
00:09:04,160 --> 00:09:08,280
driven price pressure concerns 
and face Fed faces internal 

158
00:09:08,280 --> 00:09:11,240
split political pressure on rate
decisions. 

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00:09:11,560 --> 00:09:13,320
So there's the, you know, 
basics. 

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TLDR And actually I wasn't 
really gonna talk about this, 

161
00:09:16,640 --> 00:09:21,640
but Sophie was making a pretty 
good case about how the whole 

162
00:09:22,200 --> 00:09:24,480
government shutdown is affecting
all of this. 

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00:09:24,480 --> 00:09:27,360
Do you want to get into that? 
Because I, I was like, it's it's

164
00:09:27,360 --> 00:09:30,920
really like not a big deal. 
I'm honestly kind of happy that 

165
00:09:30,920 --> 00:09:32,520
it shut down. 
Like what are they doing 

166
00:09:32,520 --> 00:09:34,160
anyways? 
This this is kind of a good 

167
00:09:34,160 --> 00:09:35,760
thing I. 
Mean look, if you're a 

168
00:09:35,760 --> 00:09:38,680
bitcoiner, of course you're 
happy that this is happening 

169
00:09:38,680 --> 00:09:43,960
because we're finally in a way 
cutting our spending in a way 

170
00:09:45,080 --> 00:09:49,760
we're not paying for non 
essential government workers and

171
00:09:49,760 --> 00:09:53,640
we are realizing that the 
government functions just fine 

172
00:09:53,960 --> 00:09:57,000
without non essential government
workers. 

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00:09:57,240 --> 00:10:01,200
But what that means, that 
doesn't mean that we're not 

174
00:10:01,200 --> 00:10:04,280
paying them. 
That doesn't mean that, you 

175
00:10:04,280 --> 00:10:06,360
know, just because they're not 
showing up to work that they've 

176
00:10:06,360 --> 00:10:10,680
been suddenly fired. 
So on top of the fact that we 

177
00:10:10,680 --> 00:10:14,720
are short on liquidity, we also 
have to pay for all of these 

178
00:10:14,720 --> 00:10:17,760
workers who aren't doing 
anything at the moment because 

179
00:10:17,760 --> 00:10:21,560
they're not fired. 
We also have to sustain and at 

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00:10:21,560 --> 00:10:25,160
some point pay back the 
employees who are working, who 

181
00:10:25,160 --> 00:10:30,120
are essential workers. 
And so we are going on, you 

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00:10:30,120 --> 00:10:34,720
know, what might be the longest 
government shutdown in America's

183
00:10:34,720 --> 00:10:40,120
history. 
And like that in the middle of a

184
00:10:40,160 --> 00:10:47,360
tight liquidity market is a 
recipe for multiple rate cuts, 

185
00:10:47,400 --> 00:10:51,240
lots of money printing. 
And we don't, we just, we 

186
00:10:51,240 --> 00:10:54,120
haven't been here before. 
We don't know how this is going 

187
00:10:54,120 --> 00:10:56,960
to affect markets. 
We don't know how this is going 

188
00:10:56,960 --> 00:11:00,680
to affect inflation. 
We don't know how, you know, 

189
00:11:00,680 --> 00:11:03,800
we're going to get out of this. 
Again, I really do feel that 

190
00:11:03,800 --> 00:11:07,840
this is going to be the wake up 
call for the US, U.S. government

191
00:11:07,840 --> 00:11:12,000
to say, hey, we need to start 
backing our money with hard 

192
00:11:12,000 --> 00:11:16,040
assets again. 
We need to reverse back to 1971 

193
00:11:16,040 --> 00:11:20,640
because this is not working. 
People now have decentralized 

194
00:11:20,640 --> 00:11:23,800
access to information. 
They don't want to go to war. 

195
00:11:23,800 --> 00:11:25,840
We can't just fool people 
anymore. 

196
00:11:26,000 --> 00:11:30,000
We can't just hide where it is 
that we're spending money and, 

197
00:11:30,000 --> 00:11:35,480
you know, say that our money has
this arbitrary value on a global

198
00:11:35,480 --> 00:11:38,080
scale. 
I mean, This is why bricks was 

199
00:11:38,080 --> 00:11:40,840
brought to the table. 
This is why other powerful 

200
00:11:40,840 --> 00:11:44,400
countries in the world are 
trying to go away from the 

201
00:11:44,400 --> 00:11:48,960
dollar and back their currency 
up, a new currency with gold and

202
00:11:49,000 --> 00:11:51,240
oil. 
But I think that even they're 

203
00:11:51,240 --> 00:11:57,720
realizing that it's not exactly 
the, you know, the best path. 

204
00:11:57,960 --> 00:12:02,880
And that's why China is opening 
itself potentially to Bitcoin. 

205
00:12:03,080 --> 00:12:05,920
Russia is potentially opening 
itself to Bitcoin. 

206
00:12:07,160 --> 00:12:11,640
I, I just like the, all of the, 
there's a lot of things that are

207
00:12:11,640 --> 00:12:17,200
coming together that are 
basically calling for Bitcoin to

208
00:12:17,200 --> 00:12:23,000
be the global reserve asset of, 
for all of us for of the world. 

209
00:12:24,080 --> 00:12:26,680
I think we still have a little 
ways to go before we get there, 

210
00:12:26,680 --> 00:12:28,120
but. 
Yeah, we have. 

211
00:12:28,120 --> 00:12:30,840
We have a little ways, but like 
it's, it's gradually then 

212
00:12:30,840 --> 00:12:35,520
suddenly, right. 
I mean, how fast can the can our

213
00:12:35,520 --> 00:12:38,960
economy deteriorate to the point
where we have to do some serious

214
00:12:38,960 --> 00:12:43,360
damage control or we lose our 
status as the number one economy

215
00:12:43,360 --> 00:12:45,480
in the world? 
Remember that the US doesn't 

216
00:12:45,480 --> 00:12:47,680
make anything. 
We are the number one consumer 

217
00:12:47,680 --> 00:12:51,080
of the world, but we don't 
actually make many products. 

218
00:12:51,080 --> 00:12:55,840
We have invented the best, you 
know, technology in the world, 

219
00:12:55,840 --> 00:12:58,520
but we don't make it here in at 
home. 

220
00:12:58,840 --> 00:13:04,400
And so how do we how do we keep 
our economy afloat? 

221
00:13:04,720 --> 00:13:07,320
How do we do it? 
It used to be by, you know, 

222
00:13:08,080 --> 00:13:12,840
yeah, it used to be by selling 
dollars to countries where their

223
00:13:12,840 --> 00:13:16,240
currency is worse than ours. 
But what happens when our 

224
00:13:16,240 --> 00:13:20,200
currency starts to become just 
as bad as theirs? 

225
00:13:21,360 --> 00:13:24,200
You have to, you have to shift 
to something else. 

226
00:13:24,200 --> 00:13:29,680
You have to pivot. 
And it's, you know, I don't, 

227
00:13:29,680 --> 00:13:34,200
I'm, I'm at a loss for words 
because I don't know if, if the 

228
00:13:34,200 --> 00:13:38,320
government will pivot before 
they allow things to become 

229
00:13:38,320 --> 00:13:42,640
worse than they are. 
OK, that, that makes some sense 

230
00:13:42,640 --> 00:13:45,560
to me. 
All right, So guys on the Fed 

231
00:13:45,560 --> 00:13:49,240
rate cuts, they're, they're 
potentially this kind of what 

232
00:13:49,240 --> 00:13:52,480
everyone is wondering that they 
might lower the federal fund 

233
00:13:52,480 --> 00:13:57,240
rates to a range of 3.75% to 4%.
Obviously we have no clue. 

234
00:13:57,240 --> 00:13:59,440
They still got to deliberate. 
I know people are saying that 

235
00:13:59,440 --> 00:14:02,360
they still probably won't cut 
rates because of the government 

236
00:14:02,360 --> 00:14:05,400
shutdown. 
Every everyone else is kind of 

237
00:14:05,400 --> 00:14:08,240
expecting and I think the 
markets are pricing in another 

238
00:14:08,240 --> 00:14:10,240
rate cut. 
So it's going to be interesting 

239
00:14:10,240 --> 00:14:12,800
to see what happens in a couple 
of days, whether this is going 

240
00:14:12,800 --> 00:14:15,200
to actually happen, whether 
there's going to be some more 

241
00:14:15,200 --> 00:14:17,760
volatility in the markets, you 
know, whether Bitcoin can 

242
00:14:17,760 --> 00:14:22,160
maintain this 150K kind of 
market structure. 

243
00:14:22,160 --> 00:14:25,440
But going a little further, I 
really like this TFTC tweet 

244
00:14:25,440 --> 00:14:27,720
here. 
And I think this is kind of like

245
00:14:27,720 --> 00:14:30,320
the long term view that most 
bitcoiners take. 

246
00:14:30,320 --> 00:14:32,920
And he goes, when the Fed cuts 
this week or if the Fed cuts 

247
00:14:32,920 --> 00:14:35,800
this week, short, short term 
yields will fall. 

248
00:14:36,080 --> 00:14:38,840
If long term yields don't, 
that's the bond market saying we

249
00:14:38,840 --> 00:14:42,400
don't believe you can escape 
this debt without inflation and 

250
00:14:42,400 --> 00:14:44,920
a Bitcoin gets it. 
Obviously Bitcoin responded 

251
00:14:44,920 --> 00:14:48,200
really well over the weekend. 
And then going a little further,

252
00:14:48,800 --> 00:14:51,840
just kind of, you know, keep 
keeping you guys up to date on 

253
00:14:51,840 --> 00:14:53,400
what actually happened over the 
weekend. 

254
00:14:53,400 --> 00:14:57,080
I got this headline from the 
block and it goes Bitcoin surges

255
00:14:57,080 --> 00:15:01,480
above 115 K when millions in 
short positions been liquidated.

256
00:15:01,480 --> 00:15:05,480
I don't know if you guys saw on 
Twitter, but the, the shorts, 

257
00:15:06,120 --> 00:15:09,920
the, the short liquidation heat 
map is looking crazy right now 

258
00:15:09,920 --> 00:15:12,480
and everyone is just kind of 
looking at it and like, man, 

259
00:15:13,320 --> 00:15:16,480
let's get these, let's, let's 
get all these leverage gone. 

260
00:15:16,480 --> 00:15:19,440
And, and they're like, it's 
signaling that there's probably 

261
00:15:19,440 --> 00:15:21,640
going to be a lot of volatility 
in the market. 

262
00:15:22,040 --> 00:15:27,320
So as prices recovered, nearly 
$350 million worth of short 

263
00:15:27,320 --> 00:15:30,000
positions were liquidated in the
past day. 

264
00:15:30,480 --> 00:15:34,800
And they're expecting a year end
Santa rally guys, maybe, maybe 

265
00:15:34,800 --> 00:15:36,520
we'll have a good Christmas 
here. 

266
00:15:36,520 --> 00:15:39,920
Maybe, you know, October was 
kind of weak actually here. 

267
00:15:39,920 --> 00:15:44,560
I'll, I'll pull up the, the 
monthly chart cause it is I, I 

268
00:15:44,560 --> 00:15:47,200
was actually having a good laugh
about just what it looked like. 

269
00:15:47,200 --> 00:15:50,280
It's, it's pretty brutal here. 
So here we go. 

270
00:15:50,280 --> 00:15:52,760
Oh, actually, oh, wait, sorry, 
this is on the day it wasn't on 

271
00:15:52,760 --> 00:15:55,160
the month. 
Here we go Look at this, look at

272
00:15:55,160 --> 00:15:58,520
this monthly chart here guys, 
this is, this is absolutely 

273
00:15:58,520 --> 00:15:59,680
nuts. 
So here I'll zoom out. 

274
00:15:59,680 --> 00:16:03,800
You can see it, you know, we're 
still well above the 50 month 

275
00:16:04,480 --> 00:16:08,400
moving average, but this this 
monthly chart is just kind of 

276
00:16:08,400 --> 00:16:14,000
hilarious. 
So we open the month at 114,116.

277
00:16:14,280 --> 00:16:22,200
We had a low of 113 or 103 K. 
We had a high of 126 K and we're

278
00:16:22,200 --> 00:16:28,040
currently at 100 and 15594. 
Just a crazy volatility on the 

279
00:16:28,040 --> 00:16:30,600
monthly chart. 
You know, hey, it's been fun. 

280
00:16:30,600 --> 00:16:33,200
Has it not been fun guys? 
Are you not entertained over 

281
00:16:33,200 --> 00:16:38,320
here anyways going a little 
further, this is probably the I 

282
00:16:38,480 --> 00:16:42,960
I saw this one and it made me 
feel a lot more bullish here so 

283
00:16:43,120 --> 00:16:46,360
Bitcoin archive tweeted this 
morning it goes just in Bitcoin 

284
00:16:46,360 --> 00:16:52,560
reaches short term holder holder
cost basis of 114,000 first time

285
00:16:52,560 --> 00:16:56,240
since Trump's tariff comments 
and the $19 billion crypto 

286
00:16:56,240 --> 00:16:58,320
crash. 
The last time that short term 

287
00:16:58,320 --> 00:17:03,400
holder MBRV reclaim ended the 
spring sell off in May, as you 

288
00:17:03,400 --> 00:17:08,040
can see here, the last time we 
reclaimed this, we we got some 

289
00:17:08,040 --> 00:17:10,920
action in the market. 
So if history does repeat 

290
00:17:10,920 --> 00:17:17,680
itself, it looks like we might 
be back in on play for a a 

291
00:17:17,680 --> 00:17:20,640
bullish Q4. 
And then just some, you know, an

292
00:17:20,640 --> 00:17:23,319
interesting little hot headline 
and obviously no one knows 

293
00:17:23,319 --> 00:17:27,160
anything but standard charter. 
They've been they've been coming

294
00:17:27,160 --> 00:17:30,440
out super bullish and that they 
did the infamous Bitcoin is 

295
00:17:30,440 --> 00:17:35,040
never going below 100K again. 
So I don't know if we can really

296
00:17:35,040 --> 00:17:37,880
hold our hat on that, but they 
are essentially saying it it 

297
00:17:37,880 --> 00:17:42,680
it's probably going to begin 
because of the Fed rate cut. 

298
00:17:42,680 --> 00:17:48,040
So if this is what we're seeing,
I think all of the crazy 

299
00:17:48,040 --> 00:17:53,240
volatility we saw in October, it
might be finally behind us and 

300
00:17:53,240 --> 00:17:57,520
and the October returns right 
now I believe are like 1.4, 

301
00:17:57,520 --> 00:18:00,480
almost 1.5. 
So let me pull that up real 

302
00:18:00,480 --> 00:18:04,640
quick just to, you know, be 
completely fact checked here. 

303
00:18:04,840 --> 00:18:07,680
If my Internet works, it's kind 
of lagging on Here we go. 

304
00:18:09,920 --> 00:18:11,600
Actually, it's not even working 
for me. 

305
00:18:12,720 --> 00:18:16,160
Oh, here we go. 
OK, so as of now. 

306
00:18:16,160 --> 00:18:18,320
Oh, it's even worse than I saw 
this morning. 

307
00:18:18,320 --> 00:18:24,280
Perfect. 
So yeah, so as of now, guys, 

308
00:18:24,320 --> 00:18:30,320
we're barely green on October. 
We're up a a measly .86%. 

309
00:18:31,680 --> 00:18:33,240
Yeah, October has been pretty 
brilliant. 

310
00:18:33,240 --> 00:18:34,480
There's still a couple days 
left. 

311
00:18:34,480 --> 00:18:37,120
You know, I keep getting 
reminded of that one meme of the

312
00:18:37,120 --> 00:18:40,600
kid playing football and it's 
like they had me in the first 

313
00:18:40,600 --> 00:18:42,400
half. 
But we finished strong. 

314
00:18:42,720 --> 00:18:45,280
Still a couple days left. 
Maybe we see some fireworks to 

315
00:18:45,280 --> 00:18:50,960
wrap up this month, but I think 
I think Q4 is still in play with

316
00:18:50,960 --> 00:18:53,080
everything kind of going on in 
the world right now. 

317
00:18:53,400 --> 00:18:55,720
All, like I said in the 
beginning, all the stars are 

318
00:18:55,720 --> 00:18:58,120
aligning perfectly to see 
Bitcoin run. 

319
00:18:58,360 --> 00:19:00,760
Everyone's making crazy 
predictions for the end of the 

320
00:19:00,760 --> 00:19:02,400
year. 
I know we've been beaten down 

321
00:19:02,400 --> 00:19:04,680
all year. 
It's basically been a stable 

322
00:19:04,680 --> 00:19:06,800
coin. 
We've been here for over 10 

323
00:19:06,800 --> 00:19:07,960
months. 
Basically. 

324
00:19:08,200 --> 00:19:11,560
The price hasn't moved. 
It's moved 1%, you know, 

325
00:19:11,840 --> 00:19:16,960
confirmed 1%, but we've had a 
lot of volatility in the 

326
00:19:16,960 --> 00:19:19,080
markets. 
It's gone up to 126. 

327
00:19:19,080 --> 00:19:21,600
It's gone down to one O 3 at 
least. 

328
00:19:21,600 --> 00:19:25,320
It's been above 100K for over 
hundreds of days. 

329
00:19:25,320 --> 00:19:27,920
I think it's 120, maybe 130 
days. 

330
00:19:27,920 --> 00:19:30,600
So the consolidation is looking 
really strong. 

331
00:19:30,600 --> 00:19:33,960
The fact that we're able to 
reclaim and kind of hold above 

332
00:19:33,960 --> 00:19:37,360
100K throughout all of this 
madness, I think it is starting 

333
00:19:37,360 --> 00:19:40,480
to show that there is a lot of 
strength in the Bitcoin market. 

334
00:19:41,000 --> 00:19:43,960
Obviously, what do we know? 
We're just looking at the same 

335
00:19:43,960 --> 00:19:47,400
stuff you guys are looking. 
So we're all praying for the 

336
00:19:47,400 --> 00:19:51,920
Santa rally here, but I think I 
think things are working in our 

337
00:19:51,920 --> 00:19:53,440
favor right now. 
I know there's been a lot of 

338
00:19:53,440 --> 00:19:56,640
craziness and you know, a new 
Trump tweets going to nuke the 

339
00:19:56,640 --> 00:19:59,040
market. 
Who knows if if he flip flops 

340
00:19:59,040 --> 00:20:01,720
and all of the crazy stuff he's 
been saying one week, you know, 

341
00:20:02,000 --> 00:20:05,720
trade wars off, the next week 
it's on, the next week it's off.

342
00:20:06,080 --> 00:20:09,480
And the markets are just super 
volatile based on tweets right 

343
00:20:09,480 --> 00:20:10,960
now. 
This is the market we live in. 

344
00:20:10,960 --> 00:20:15,160
But this weekend they shook 
hands and took a picture. 

345
00:20:15,520 --> 00:20:22,640
So it means absolutely nothing. 
But you know, to the speculative

346
00:20:22,800 --> 00:20:26,480
people like who you know believe
in proof of stake, it's, it's 

347
00:20:26,480 --> 00:20:30,440
something I mean obviously like 
the market reacted in some type 

348
00:20:30,440 --> 00:20:32,880
of way. 
Yeah, I mean, I that's, I think 

349
00:20:32,880 --> 00:20:36,960
that's the main question here is
what is the Bitcoin price 

350
00:20:36,960 --> 00:20:41,120
telling us right now? 
It did respond 115K or actually 

351
00:20:41,120 --> 00:20:43,400
it went up to like 116. 
I saw so many in the chat say 

352
00:20:43,400 --> 00:20:45,400
117. 
I I didn't catch that this 

353
00:20:45,400 --> 00:20:49,920
morning. 
But if the market or at least a 

354
00:20:49,920 --> 00:20:53,680
Bitcoin price and, and the 
reason we focus so much on what 

355
00:20:53,680 --> 00:20:56,840
happens in the Bitcoin price is 
not just because, you know, 

356
00:20:56,840 --> 00:21:00,240
Lambeau and moon, but Bitcoin is
the most liquid market and 

357
00:21:00,240 --> 00:21:03,640
Bitcoin usually respond before 
every other market makes their 

358
00:21:03,640 --> 00:21:04,400
move. 
Excuse me. 

359
00:21:04,760 --> 00:21:08,040
And so anytime Bitcoin dips 
again, it's the most saleable 

360
00:21:08,040 --> 00:21:12,160
liquid market in the world, 
trading 24/7 open every single 

361
00:21:12,160 --> 00:21:15,680
day of the year here. 
It'll usually have a quicker 

362
00:21:15,680 --> 00:21:19,320
kind of response to what people 
are seeing in the markets and 

363
00:21:19,320 --> 00:21:20,960
then it'll usually respond 
better. 

364
00:21:21,200 --> 00:21:23,960
And so if we're seeing the 
Bitcoin price respond very 

365
00:21:23,960 --> 00:21:26,880
healthily over the weekend and 
we finally got a Sunday pump 

366
00:21:26,880 --> 00:21:29,760
back in the books, guys, it it 
feels good to see a pump on 

367
00:21:29,760 --> 00:21:32,080
Sunday. 
I'm glad we didn't see a huge 

368
00:21:32,080 --> 00:21:35,680
dump on Monday because usually, 
at least in the old days, you'd 

369
00:21:35,680 --> 00:21:38,280
see it pump over the weekend. 
When Wall Street kind of checked

370
00:21:38,280 --> 00:21:40,880
out, it would pump all weekend 
and then Monday would come in 

371
00:21:40,880 --> 00:21:43,400
and when they get in the office,
it would dump on him. 

372
00:21:43,400 --> 00:21:45,400
And it used to just, it used to 
be hilarious. 

373
00:21:45,400 --> 00:21:48,040
Now, now we're just like, can we
pump, please? 

374
00:21:48,040 --> 00:21:50,880
Can we just get a pump in? 
So the real question I'll I'll 

375
00:21:50,880 --> 00:21:54,040
like to ask you guys out there 
in the audience is do you think 

376
00:21:54,040 --> 00:21:58,880
that Bitcoin is pricing in not 
only rate cuts, but, you know, a

377
00:21:58,880 --> 00:22:01,680
bullish end of the year? 
I think it is. 

378
00:22:02,080 --> 00:22:04,880
Obviously, who knows what's 
actually driving the markets 

379
00:22:04,880 --> 00:22:07,880
right now, but I think the 
bullishness we're seeing right 

380
00:22:07,880 --> 00:22:11,920
now in the in the current price,
I think is is it's starting to 

381
00:22:11,920 --> 00:22:15,840
make me feel a little less, you 
know, anxious about what's going

382
00:22:15,840 --> 00:22:18,600
to happen end of year. 
I'm I'm I don't know if I want 

383
00:22:18,600 --> 00:22:23,400
to say it, but you know, wait, 
wait, since you guys got rid of 

384
00:22:23,400 --> 00:22:28,280
mean Fridays, I thought you said
the price has gone downhill. 

385
00:22:28,280 --> 00:22:29,800
But hey, you know, I love the 
haters. 

386
00:22:29,800 --> 00:22:32,120
Shout out to the haters. 
Love to see it, love to see it. 

387
00:22:32,960 --> 00:22:35,400
We were literally just talking 
about you before we went on 

388
00:22:35,400 --> 00:22:36,680
live. 
We're like wow man. 

389
00:22:36,680 --> 00:22:38,680
We love our audience, even the 
haters. 

390
00:22:38,840 --> 00:22:41,760
And today I even have a hater. 
This is great. 

391
00:22:42,560 --> 00:22:44,640
I'd love to see it, love to see 
it. 

392
00:22:45,200 --> 00:22:48,840
All right guys, so I got AI got,
you know, good stuff here. 

393
00:22:48,920 --> 00:22:53,440
Well, first Eric Trump, I know 
you guys may not like him, but 

394
00:22:53,440 --> 00:22:56,440
he just went on the coffee hour 
podcast, which is a huge 

395
00:22:56,440 --> 00:23:00,040
podcast, huge mainstream 
podcast, just getting extremely 

396
00:23:00,040 --> 00:23:04,520
bullish and continuing to double
down on the idea of nation 

397
00:23:04,520 --> 00:23:07,160
states buying Bitcoin. 
And I'll show you a thumbnail. 

398
00:23:07,160 --> 00:23:10,520
You know it says like 1,000,000 
Bitcoin dude, everyone's 

399
00:23:10,520 --> 00:23:13,400
catching on to our grift here, 
Sophie, everyone's catching on 

400
00:23:13,400 --> 00:23:17,760
to the thumbnail game over here.
We're we're not alone anymore. 

401
00:23:17,760 --> 00:23:19,360
You. 
Know what some call it click 

402
00:23:19,360 --> 00:23:21,720
bait. 
I call it manifestation. 

403
00:23:22,920 --> 00:23:25,720
Okay, all right. 
I'm just, I'm just, I'm just 

404
00:23:25,720 --> 00:23:28,280
ready for the fuck. 
Sorry for the price of. 

405
00:23:29,360 --> 00:23:33,480
Yeah, soon and. 
And you know, to our defense, 

406
00:23:34,360 --> 00:23:36,880
there's nothing really happening
in the news. 

407
00:23:36,920 --> 00:23:40,520
So we got to do what we can to 
keep you guys watching. 

408
00:23:40,520 --> 00:23:43,600
I'm sorry, at least to hang out 
in the in the live chat. 

409
00:23:44,200 --> 00:23:47,600
Yeah, I mean, hey, look, this is
this is where we are in the 

410
00:23:47,600 --> 00:23:50,200
story. 
Bitcoin price is a stable coin. 

411
00:23:50,560 --> 00:23:53,520
You know, nothing really going 
on in the world too much. 

412
00:23:53,520 --> 00:23:56,040
We're seeing, we're seeing some 
life back in the price. 

413
00:23:56,040 --> 00:23:58,600
We could call it the calm before
the storm. 

414
00:23:59,760 --> 00:24:01,640
Yeah, I love the. 
Framing, I hope. 

415
00:24:01,880 --> 00:24:06,480
Love the framing. 
I'm yeah, I'm just as tired as 

416
00:24:06,480 --> 00:24:09,560
you are. 
And then for the news, we 

417
00:24:09,560 --> 00:24:13,840
actually got some interesting 
news coming up out about the 

418
00:24:13,880 --> 00:24:20,520
Mount Mount Gox repayments. 
If you're a Mount Gox OG, not 

419
00:24:20,520 --> 00:24:24,880
really good news for you, but 
from, you know, a price 

420
00:24:24,880 --> 00:24:30,080
perspective of of a view of what
are these Mountain Gox kind of, 

421
00:24:30,480 --> 00:24:32,440
you know, people that are 
getting repayments going to do 

422
00:24:32,440 --> 00:24:34,120
with that coin. 
It might actually be kind of 

423
00:24:34,120 --> 00:24:36,560
bullish for everyone out there. 
And then in the news or the 

424
00:24:36,560 --> 00:24:41,080
culture to wrap up the show, 
I'm, I'm going to go back to a 

425
00:24:41,080 --> 00:24:44,760
tried intrude, you know, Bitcoin
per share, because I was talking

426
00:24:44,760 --> 00:24:47,240
to my young cousin the other 
night. 

427
00:24:47,760 --> 00:24:50,960
She's like 1314. 
And there was something I really

428
00:24:50,960 --> 00:24:53,080
wanted to tell her. 
I sent her a little Bitcoin. 

429
00:24:53,080 --> 00:24:54,880
I, I made her write down a 
wallet. 

430
00:24:55,200 --> 00:24:59,800
And I really wanted to kind of 
emphasize to her that the amount

431
00:24:59,800 --> 00:25:02,280
of Bitcoin that she already 
holds is not that much, but 

432
00:25:02,280 --> 00:25:06,280
like, it's still a lot when you 
compare it to the Bitcoin per 

433
00:25:06,280 --> 00:25:07,880
share. 
And so I don't know if she's 

434
00:25:07,880 --> 00:25:11,360
watching this, but this is what 
I wanted to tell her. 

435
00:25:11,360 --> 00:25:13,320
So that's what we're going to do
today. 

436
00:25:13,320 --> 00:25:16,000
And then, of course, before I 
move on, I do want to remind you

437
00:25:16,000 --> 00:25:18,360
guys to smash the like button, 
comment on the show. 

438
00:25:18,360 --> 00:25:19,360
What do you think about the 
show? 

439
00:25:19,360 --> 00:25:21,200
And of course, hit the subscribe
button. 

440
00:25:21,520 --> 00:25:24,760
We drop the most content, the 
best Bitcoin content on YouTube,

441
00:25:24,960 --> 00:25:27,160
turn on the notifications so you
know when we drop stuff. 

442
00:25:27,160 --> 00:25:31,600
And of course, we go live Monday
through Friday, roughly 12:30 PM

443
00:25:31,600 --> 00:25:34,720
every single day. 
And of course, we wouldn't be 

444
00:25:34,720 --> 00:25:39,320
here without our partners. 
Of course, Bitcoin, well, the 

445
00:25:39,320 --> 00:25:42,840
best place to buy your Bitcoin 
because they never hold your 

446
00:25:42,840 --> 00:25:46,080
Bitcoin, they have never lost 
Bitcoin and they will never lose

447
00:25:46,080 --> 00:25:48,520
Bitcoin because when your 
dollars go through, when your 

448
00:25:48,520 --> 00:25:51,440
Canadian moose shekels go 
through, the Bitcoin gets 

449
00:25:51,520 --> 00:25:56,200
directly to your cold storage. 
And this ensures that another 

450
00:25:56,200 --> 00:25:58,400
amount got scenario doesn't 
happen. 

451
00:25:58,480 --> 00:26:03,040
We want you guys to take all of 
your Bitcoin into cold storage. 

452
00:26:03,040 --> 00:26:05,600
All of the Bitcoin you've ever 
bought should be in cold 

453
00:26:05,600 --> 00:26:09,560
storage, secured by yourself. 
Because this is how you ensure 

454
00:26:09,840 --> 00:26:12,520
that whatever crazy stuff 
happens in the market, you are 

455
00:26:12,520 --> 00:26:14,520
unaffected. 
Yes, maybe the price will be 

456
00:26:14,520 --> 00:26:18,800
volatile, but at least you know 
one Bitcoin equals one Bitcoin 

457
00:26:18,800 --> 00:26:21,640
when it is in cold storage. 
So scan the QR code right here 

458
00:26:21,640 --> 00:26:23,640
and when you sign up, you're 
going to get three chances to 

459
00:26:23,640 --> 00:26:29,880
win a million SAT, which is what
about $11115.00 or $11150 Right 

460
00:26:29,880 --> 00:26:34,280
now you have a chance to win a 
million SAT, so make sure you 

461
00:26:34,280 --> 00:26:35,760
sign up. 
And every time you buy some more

462
00:26:35,760 --> 00:26:38,840
Bitcoin, you get more points. 
Every time you refer your 

463
00:26:38,840 --> 00:26:41,040
friends to Bitcoin, well, you 
get more points, so you get more

464
00:26:41,040 --> 00:26:45,600
chances to win a million sets. 
Anyways, guys, we will be right 

465
00:26:45,600 --> 00:26:47,120
back after this commercial 
break. 

466
00:26:54,640 --> 00:26:56,920
I want to give a shout out to 
our partner Stampseed. 

467
00:26:57,240 --> 00:26:59,600
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468
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469
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Stamp Seeds Do It Yourself kit 
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470
00:27:05,880 --> 00:27:09,720
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471
00:27:09,720 --> 00:27:12,720
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472
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473
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474
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475
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476
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477
00:27:30,280 --> 00:27:32,880
everywhere. 
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478
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survive nearly triple the heat 
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479
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They are also crush proof, 
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480
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time proof. 
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481
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titanium seed plates. 
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482
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logo and they will laser engrave
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483
00:27:50,760 --> 00:27:53,320
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484
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485
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486
00:28:07,080 --> 00:28:09,960
All right guys, we are back. 
So the current Bitcoin price, at

487
00:28:09,960 --> 00:28:15,920
least according to Clark Moody's
dashboard is 115,520, which is a

488
00:28:15,920 --> 00:28:18,520
-8.4% decline from all time 
high. 

489
00:28:18,760 --> 00:28:22,440
And we have reclaimed $2.3 
trillion market cap. 

490
00:28:22,440 --> 00:28:26,320
You love to see it, love to see 
it and the the current block 

491
00:28:26,320 --> 00:28:27,560
height. 
The only time that what really 

492
00:28:27,560 --> 00:28:34,200
matters is 921,000 and 54. 
I repeat 921054. 

493
00:28:34,200 --> 00:28:38,560
So TikTok next block bitcoins 
working exactly as designed. 

494
00:28:38,840 --> 00:28:43,320
Anyways, I do want to just show 
you this first and foremost, 

495
00:28:43,320 --> 00:28:45,640
what's going on. 
Oh, I didn't share it my bad 

496
00:28:45,640 --> 00:28:48,400
guys. 
Oh wait, I did. 

497
00:28:49,160 --> 00:28:51,320
Well, it's acting up on me. 
Here we go. 

498
00:28:51,600 --> 00:28:56,280
So if you are unfamiliar with 
the Iced Coffee Hour podcast, 

499
00:28:56,720 --> 00:28:59,640
these two guys are around my 
age, you know, they're in like 

500
00:28:59,640 --> 00:29:04,120
their 30s and they're one of the
bigger podcasts right now. 

501
00:29:05,120 --> 00:29:08,080
And really a lot of the stuff 
they talk about is usually 

502
00:29:08,080 --> 00:29:11,480
around kind of financial 
planning and how to like invest 

503
00:29:11,480 --> 00:29:15,320
for your future and how to 
protect yourself and, you know, 

504
00:29:15,320 --> 00:29:18,440
be a smart investor. 
It is called iced Coffee Hour, 

505
00:29:18,440 --> 00:29:21,600
but let's let you do they're 
they're literally stealing our 

506
00:29:21,600 --> 00:29:25,600
stuff on these thumbnails, $1 
million Bitcoin prepare now Eric

507
00:29:25,600 --> 00:29:30,480
Trump shocking prediction for 
stock prices, Bitcoin and the US

508
00:29:30,480 --> 00:29:34,160
dollar. 
So it looks like a lot of people

509
00:29:34,160 --> 00:29:37,920
are a essentially starting to 
pick up on a lot of the trends 

510
00:29:37,920 --> 00:29:40,400
that we have been talking about.
I've been telling you guys 

511
00:29:40,400 --> 00:29:43,720
basically all year that it looks
like Bitcoin is starting to 

512
00:29:43,720 --> 00:29:45,240
enter the mainstream 
consciousness. 

513
00:29:45,240 --> 00:29:49,040
They can no longer ignore it. 
They have to at the very least 

514
00:29:49,040 --> 00:29:52,960
seriously think about what is 
Bitcoin trying to solve? 

515
00:29:53,000 --> 00:29:56,640
Will Bitcoin be a good, you 
know, asset for your portfolio? 

516
00:29:56,640 --> 00:29:58,480
Should you be investing in 
Bitcoin? 

517
00:29:58,480 --> 00:30:02,080
And of course, the big thing we 
always talk about is where what 

518
00:30:02,080 --> 00:30:05,040
is the future of the dollar now?
I've been covering this for a 

519
00:30:05,120 --> 00:30:06,600
wow. 
They've been projecting and 

520
00:30:06,600 --> 00:30:09,080
telegraphing what they want to 
do with the dollar, which is 

521
00:30:09,080 --> 00:30:12,960
essentially lower interest 
rates, flood the market with 

522
00:30:12,960 --> 00:30:17,440
more liquidity, essentially kind
of lower the strength of the 

523
00:30:17,440 --> 00:30:20,920
dollar so that we can kind of 
benefit from trade, etcetera. 

524
00:30:21,160 --> 00:30:25,520
Which all means to you is your 
purchasing power of the dollar 

525
00:30:25,520 --> 00:30:28,720
is going to get destroyed. 
You do not want to hold dollars.

526
00:30:28,720 --> 00:30:31,280
Actually, you cannot hold 
dollars if you're trying to 

527
00:30:31,280 --> 00:30:33,920
build wealth. 
This is why everyone is trying 

528
00:30:33,920 --> 00:30:37,360
to position themselves into 
various different assets. 

529
00:30:37,360 --> 00:30:39,920
I know a lot of people 
historically like real estate. 

530
00:30:39,920 --> 00:30:43,040
Real estate's really hot amongst
kind of young investors right 

531
00:30:43,040 --> 00:30:45,800
now. 
Basically everyone is investing 

532
00:30:45,800 --> 00:30:49,400
in stocks and equities and the 
stock market is basically being 

533
00:30:49,400 --> 00:30:52,000
held up by 7 companies. 
Like that's not even a joke 

534
00:30:52,000 --> 00:30:53,800
anymore. 
It's literally like being held 

535
00:30:53,800 --> 00:30:56,840
up by 7 companies right now, 
most of them AI. 

536
00:30:56,840 --> 00:31:00,760
Yeah, exactly. 
Like literally the S&P 500, 

537
00:31:00,760 --> 00:31:03,240
there's 500 companies. 
Most people invest in it. 

538
00:31:03,480 --> 00:31:06,600
It's being held up by like 7 
companies, most of them around 

539
00:31:07,680 --> 00:31:10,280
AI. 
Like like Sophie was saying. 

540
00:31:10,760 --> 00:31:14,120
And then of course gold. 
Gold did a pretty good run. 

541
00:31:14,120 --> 00:31:17,640
It's kind of, you know, repriced
itself by 8%. 

542
00:31:17,640 --> 00:31:22,320
Of course, last week we were 
covering if a 5% of that goes 

543
00:31:22,320 --> 00:31:24,480
into Bitcoin. 
Obviously, just because the 

544
00:31:24,480 --> 00:31:26,920
Bitcoin price went down 8% 
doesn't necessarily mean that 

545
00:31:26,920 --> 00:31:30,480
that's flowing into Bitcoin. 
But if a small portion of that 

546
00:31:30,480 --> 00:31:32,400
does find its way in the 
Bitcoin, and maybe that's what 

547
00:31:32,400 --> 00:31:34,920
we're seeing right now in the 
Bitcoin price, maybe people are 

548
00:31:34,920 --> 00:31:37,600
taking some of their profits 
from gold and they're rolling it

549
00:31:37,600 --> 00:31:40,320
over in the rotation. 
The great rotation is finally 

550
00:31:40,320 --> 00:31:42,760
upon us and they're trying to 
get themselves into Bitcoin. 

551
00:31:43,200 --> 00:31:46,640
But again, the conversation is 
no longer let's ignore this 

552
00:31:46,640 --> 00:31:49,520
speculative, you know, scam coin
here. 

553
00:31:50,080 --> 00:31:54,120
This is becoming a pivotal part 
of everyone's portfolio. 

554
00:31:54,120 --> 00:31:56,560
And if you don't have even a 
little bit of Bitcoin in your 

555
00:31:56,560 --> 00:31:58,440
portfolio, you are really 
missing out. 

556
00:31:58,440 --> 00:32:01,920
So if you want to go listen to 
the whole podcast, let me let me

557
00:32:01,920 --> 00:32:03,760
refresh this, see if there's any
more views. 

558
00:32:03,760 --> 00:32:07,160
It roughly right now has around 
100,000 views. 

559
00:32:07,160 --> 00:32:10,840
So like, you know, these guys, 
these guys have a huge 

560
00:32:11,200 --> 00:32:15,320
subscriber base, 1.47 million. 
So hey, they're doing they're 

561
00:32:15,320 --> 00:32:18,440
doing a good job out there. 
If their job is kind of being 

562
00:32:18,440 --> 00:32:21,200
financially savvy, how to 
protect yourself, how to invest,

563
00:32:21,480 --> 00:32:24,440
what you should be doing with 
your portfolio, I truly commend 

564
00:32:24,440 --> 00:32:27,160
them for, you know, even if you 
don't like Eric Trump, but going

565
00:32:27,160 --> 00:32:30,520
out there and talking about 
Bitcoin and obviously Eric Trump

566
00:32:30,520 --> 00:32:33,640
is he's he's diving really 
heavily into Bitcoin. 

567
00:32:33,640 --> 00:32:37,320
So with all that being said, 
let's just take a little quick 

568
00:32:37,320 --> 00:32:41,040
peek of the podcast. 
Why should any government be 

569
00:32:41,040 --> 00:32:43,000
buying Bitcoin? 
Because it's a single greatest 

570
00:32:43,000 --> 00:32:46,480
performing asset over the last 
decade, increasing in value 70% 

571
00:32:46,480 --> 00:32:50,280
a year, year over year, every 
year, like Germany a couple 

572
00:32:50,280 --> 00:32:51,200
years ago. 
There's a great article. 

573
00:32:51,200 --> 00:32:53,000
You'd probably, you might know 
the exact numbers, but Germany 

574
00:32:53,000 --> 00:32:55,640
had like 30,000 Bitcoin or 
something along those lines. 

575
00:32:55,640 --> 00:32:56,760
And they, they sold it right 
away. 

576
00:32:56,760 --> 00:32:59,760
They monetized it into, you 
know, their currency and, and it

577
00:32:59,760 --> 00:33:02,320
was like the worst investment 
ever made by a government. 

578
00:33:02,320 --> 00:33:04,160
And, and by the way, that's a 
pretty damn low bar, as you 

579
00:33:04,160 --> 00:33:07,000
know, right? 
The government should definitely

580
00:33:07,000 --> 00:33:11,240
have have certain crypto assets 
on their, on their balance 

581
00:33:11,240 --> 00:33:13,640
sheet, mainly, mainly Bitcoin 
and actually the United States 

582
00:33:13,640 --> 00:33:15,840
government does, right. 
You have a lot of forfeitures 

583
00:33:16,360 --> 00:33:18,640
and, and, and they've taken a, a
great stance saying that we're 

584
00:33:18,640 --> 00:33:20,840
not selling any of it. 
You have a lot of countries 

585
00:33:20,840 --> 00:33:22,600
around the world that are 
actively buying. 

586
00:33:22,600 --> 00:33:25,200
If you go to, you know, the UAE,
if you, if you go to a lot of 

587
00:33:25,320 --> 00:33:27,800
countries, they are actively 
putting that in their 

588
00:33:27,800 --> 00:33:29,520
treasuries. 
And you look at the Fortune 500 

589
00:33:29,520 --> 00:33:31,240
companies, they are actively 
hoarding Bitcoin. 

590
00:33:31,560 --> 00:33:34,200
The biggest families, the 
biggest companies, you know, 

591
00:33:34,280 --> 00:33:37,240
countries, sovereign wealth 
funds and individuals are all 

592
00:33:37,240 --> 00:33:39,240
hoarding Bitcoin, right? 
It's, it's why it's been as 

593
00:33:39,240 --> 00:33:41,680
explosive as it is. 
And it's funny, people are like,

594
00:33:41,680 --> 00:33:43,080
oh, well, Bitcoin's down by 3% 
now. 

595
00:33:43,080 --> 00:33:46,800
It's like this time last year 
Bitcoin was up like 55,000 or 

596
00:33:46,800 --> 00:33:50,840
60,000 roughly. 
It's had unbelievable explosive 

597
00:33:50,840 --> 00:33:53,760
growth. 
Honestly, I, I almost personally

598
00:33:53,760 --> 00:33:57,360
feel attacked at the last point.
It's like, yeah, it's down 3%. 

599
00:33:57,360 --> 00:34:00,720
But remember last year we were 
at 55% and we're still 

600
00:34:00,720 --> 00:34:03,760
complaining. 
We, we really, we actually, I 

601
00:34:03,760 --> 00:34:06,800
saw Eric Balkunas tweet this 
morning or last night and he's 

602
00:34:06,800 --> 00:34:10,840
like, Bitcoin's up 70 to 100%, 
you know, on the year. 

603
00:34:11,239 --> 00:34:13,960
And Bitcoiners are complaining 
about it is like they should go 

604
00:34:13,960 --> 00:34:17,360
talk to like traditional bond 
and mortgage traders and they'll

605
00:34:17,360 --> 00:34:20,239
realize like they'll get some 
perspective of how good we are 

606
00:34:20,239 --> 00:34:22,440
actually doing. 
But we're all like, where's the 

607
00:34:22,440 --> 00:34:25,560
400 X? 
Where's the 400% gains here? 

608
00:34:25,639 --> 00:34:28,800
It's different because we've 
been waiting for like 4 years 

609
00:34:28,800 --> 00:34:30,400
that that's what people don't 
understand. 

610
00:34:30,400 --> 00:34:34,840
We're tired because we've been 
waiting for an entire cycle in 

611
00:34:34,840 --> 00:34:40,239
what, you know, historically has
been a huge bull run and we 

612
00:34:40,239 --> 00:34:43,360
haven't gotten that yet. 
And I think that part of that is

613
00:34:43,360 --> 00:34:47,679
because institutions and 
governments have have stepped 

614
00:34:47,679 --> 00:34:50,000
into the scene, right? 
Like I thought, I thought that 

615
00:34:50,000 --> 00:34:53,760
them becoming part of it was 
actually going to make the price

616
00:34:53,760 --> 00:34:58,000
go up. 
But it turns out, it turns out 

617
00:34:58,320 --> 00:35:00,400
that's not what's happening at 
all. 

618
00:35:00,400 --> 00:35:03,960
And I could, I can only blame it
on the one factor that's been 

619
00:35:03,960 --> 00:35:06,640
different this cycle, which has 
been the involvement of the 

620
00:35:06,640 --> 00:35:09,400
government and these great 
financial institutions. 

621
00:35:09,400 --> 00:35:12,080
So. 
Well, I think I was actually 

622
00:35:12,080 --> 00:35:14,600
explaining this to Sal this 
morning. 

623
00:35:15,920 --> 00:35:18,800
I think what is going on and we 
covered it last week. 

624
00:35:19,040 --> 00:35:21,640
A lot of the selling, quote UN 
quote selling that we're seeing 

625
00:35:21,640 --> 00:35:22,880
from Wales. 
Remember guys, we've been 

626
00:35:22,880 --> 00:35:27,120
covering that all year like even
though supposedly we're seeing 

627
00:35:27,120 --> 00:35:30,120
you know billions of dollars 
being bought up by institutions 

628
00:35:30,120 --> 00:35:34,800
and Bitcoin treasury companies. 
At the same time we've seen 

629
00:35:35,160 --> 00:35:39,320
multiple billions of coin, you 
know billion dollars in in 

630
00:35:39,320 --> 00:35:42,720
Bitcoin hit the exchanges and a 
lot of people have been 

631
00:35:42,720 --> 00:35:45,240
suspecting that the whales are 
selling out and everyone's like 

632
00:35:45,240 --> 00:35:47,760
why would the whales sell out 
and obviously you can 

633
00:35:47,760 --> 00:35:51,440
rationalize this and be like 
hey, 100K was their number with 

634
00:35:51,440 --> 00:35:53,400
more data as the year comes 
along. 

635
00:35:53,400 --> 00:35:56,600
It turns out that I think a lot 
of people are essentially 

636
00:35:56,600 --> 00:35:59,960
swapping their Bitcoin for these
treasury company stocks 'cause 

637
00:35:59,960 --> 00:36:01,520
they think they're going to get 
a better return. 

638
00:36:01,800 --> 00:36:05,280
And then and then just more 
recently, we saw that the 

639
00:36:05,280 --> 00:36:08,480
BlackRock ETF is allowing the in
kind redemption. 

640
00:36:08,480 --> 00:36:10,920
So a lot of the quote UN quote 
selling we're seeing on the 

641
00:36:10,920 --> 00:36:13,440
market is not necessarily people
selling out. 

642
00:36:13,440 --> 00:36:16,840
It's just them swapping for 
treasuries or these ETF to get 

643
00:36:16,840 --> 00:36:18,920
some of these Wall Street 
benefits quote UN quote. 

644
00:36:19,280 --> 00:36:23,840
And so like I have been saying 
that all year long as well self 

645
00:36:23,840 --> 00:36:27,840
where it's like, all right, one,
are these Bitcoin treasuries and

646
00:36:27,840 --> 00:36:31,280
ETFs actually buying Bitcoin 
because we should be seeing the 

647
00:36:31,280 --> 00:36:33,840
price go up. 
And then as the data, more data 

648
00:36:33,840 --> 00:36:37,480
comes out, you're like, well, at
the same time, there is billions

649
00:36:37,480 --> 00:36:41,160
of dollars potentially being 
sold by whales, which makes you 

650
00:36:41,200 --> 00:36:43,840
just very simply 42 IQ take of 
this. 

651
00:36:44,000 --> 00:36:46,440
That's the thing, it's not even 
being sold, it's just being 

652
00:36:46,440 --> 00:36:48,720
moved into ETF. 
Yeah, yeah. 

653
00:36:48,880 --> 00:36:51,320
These institutions are holding 
those keys. 

654
00:36:51,600 --> 00:36:53,680
So they're, it's not that 
they're being sold, it's that 

655
00:36:53,680 --> 00:36:57,040
they're being like almost like 
just transferred like. 

656
00:36:57,040 --> 00:37:00,400
Stabilized, yeah, totally. 
But on the exchanges, it does 

657
00:37:00,640 --> 00:37:04,560
get marked as a sale even though
they aren't actually selling and

658
00:37:04,560 --> 00:37:07,480
sell going further on it. 
I think what a lot of people see

659
00:37:07,480 --> 00:37:09,200
it's. 
Just massively undervalued. 

660
00:37:09,200 --> 00:37:12,920
It's exactly what I think what a
lot of people are seeing is if 

661
00:37:12,920 --> 00:37:15,440
you see whale is kind of sending
a bunch of coin and you're, 

662
00:37:15,520 --> 00:37:20,520
you're not like a a hardened 
Bitcoin OG true believer, you 

663
00:37:20,520 --> 00:37:21,960
probably get a little freaked 
out. 

664
00:37:21,960 --> 00:37:24,720
You're like, why are they 
selling billions of coins or 

665
00:37:24,720 --> 00:37:26,360
billions of dollars of coins on 
us? 

666
00:37:26,360 --> 00:37:29,160
You know, this must be the top. 
They're looking for exit 

667
00:37:29,160 --> 00:37:31,560
liquidity. 
But of course, we don't know 

668
00:37:31,560 --> 00:37:33,200
exactly what they're thinking 
is. 

669
00:37:33,200 --> 00:37:37,120
But if they are majority rolling
it into treasuries or ETFs. 

670
00:37:37,280 --> 00:37:41,440
So on the exchange, it'll mark 
as a sale, which scares people, 

671
00:37:41,960 --> 00:37:43,520
but they're really not selling 
out. 

672
00:37:43,520 --> 00:37:46,880
And so that's I think what's 
been kind of like the two 

673
00:37:46,880 --> 00:37:49,520
factors in play. 
Yes, the Treasury companies are 

674
00:37:49,520 --> 00:37:52,280
buying thousands, thousands, you
know, 10s of thousands, hundreds

675
00:37:52,280 --> 00:37:55,280
of thousands of coins. 
ETFs have acquired million 

676
00:37:55,280 --> 00:37:58,040
coins. 
But there has been potentially, 

677
00:37:58,040 --> 00:38:01,440
you know, at least on market, on
paper, a lot of sales. 

678
00:38:01,840 --> 00:38:04,920
But now it looks like that is 
just getting ported over. 

679
00:38:04,920 --> 00:38:08,240
And more recently, we did just 
see, since we're talking about 

680
00:38:08,240 --> 00:38:12,520
Eric Trump here, their company, 
American Bitcoin Miner just 

681
00:38:12,520 --> 00:38:19,120
recently bought an additional 
1414 Bitcoin, now holds 3865 

682
00:38:19,120 --> 00:38:25,080
Bitcoin and they are ranked 26. 
So, you know, Trump's are, 

683
00:38:26,080 --> 00:38:27,600
they're climbing that 
leaderboard. 

684
00:38:27,600 --> 00:38:30,280
I mean, Trump Media Group is I, 
what was it, 6? 

685
00:38:30,280 --> 00:38:33,000
And now American Bitcoin Miner 
is 26. 

686
00:38:34,000 --> 00:38:37,040
I think a lot of the people that
are saying, you know, that Trump

687
00:38:37,120 --> 00:38:39,760
and then the Trump family isn't 
that serious about Bitcoin. 

688
00:38:40,400 --> 00:38:42,640
I think their accumulations are 
telling us otherwise. 

689
00:38:42,640 --> 00:38:44,640
They want the coin. 
They're, you know, they are 

690
00:38:44,640 --> 00:38:48,200
very, very active about Bitcoin 
or America becoming the Bitcoin 

691
00:38:48,200 --> 00:38:51,200
capital of the world. 
They they are, but at the same 

692
00:38:51,200 --> 00:38:54,880
time, when these institutions 
start to adopt Bitcoin, they 

693
00:38:54,880 --> 00:38:59,440
look for stabilization like the 
reduction of volatility. 

694
00:38:59,720 --> 00:39:04,160
They don't like these crazy bull
because what happens when a 

695
00:39:04,160 --> 00:39:07,960
bunch of people see a bull run 
it like look at what happened 

696
00:39:07,960 --> 00:39:11,240
with gold the other day. 
They will sell in order to have 

697
00:39:11,240 --> 00:39:13,720
liquidity or to, you know, do 
it. 

698
00:39:13,720 --> 00:39:17,280
And that, that type of 
volatility, Wall Street and the 

699
00:39:17,280 --> 00:39:19,080
government, they're just not 
used to that. 

700
00:39:19,640 --> 00:39:23,480
And I have a feeling that there 
is something happening behind 

701
00:39:23,480 --> 00:39:27,760
the scenes that is either 
suppressing the price or, you 

702
00:39:27,760 --> 00:39:32,120
know, some sort of mechanism in 
place that is keeping the the 

703
00:39:32,120 --> 00:39:35,600
price like going sideways. 
Because I've never seen Bitcoin 

704
00:39:35,600 --> 00:39:38,920
behave this way, to be honest, 
even during a bear market. 

705
00:39:38,920 --> 00:39:42,000
I've always seen it go up and 
down, up and down. 

706
00:39:42,000 --> 00:39:44,720
It doesn't just like straight up
go sideways. 

707
00:39:44,720 --> 00:39:50,760
That is a sign of what like 
something that like Apple would 

708
00:39:50,760 --> 00:39:54,080
do on the stock market. 
It's it's not normal. 

709
00:39:54,320 --> 00:39:57,520
We're really a stable coin now. 
It's. 

710
00:39:57,760 --> 00:40:01,080
Crazy. 
It's going to be 115 per coin 

711
00:40:01,080 --> 00:40:03,920
forever, guys. 
I like this comment in the chat 

712
00:40:03,920 --> 00:40:07,320
though. 
JC 18 junior goes. 

713
00:40:07,320 --> 00:40:09,920
People are mad that Trump gave 
them cheap coins to buy. 

714
00:40:10,240 --> 00:40:12,000
Love it. 
Love the optimism. 

715
00:40:12,000 --> 00:40:14,480
Yes, he said. 
We're going to be the, you know,

716
00:40:14,480 --> 00:40:17,560
Bitcoin superpower of the world.
And then he gave us some cheap 

717
00:40:17,560 --> 00:40:20,000
coins, you know, before the 
inevitable bull run. 

718
00:40:20,000 --> 00:40:22,880
So, you know, you really can't 
be that mad at him. 

719
00:40:22,880 --> 00:40:25,840
It's kind of a Chad move. 
You can be, Well, actually, 

720
00:40:26,000 --> 00:40:28,400
yeah, you can't be mad at him 
because he's also the person 

721
00:40:28,400 --> 00:40:31,760
that's printing a bunch of money
for there to be in circulation 

722
00:40:31,760 --> 00:40:33,880
so that you can buy more 
Bitcoin. 

723
00:40:33,880 --> 00:40:37,480
But it's kind of impossible to 
do when people need liquidity 

724
00:40:37,480 --> 00:40:40,720
because inflation is going. 
So like, do you see the cycle 

725
00:40:40,720 --> 00:40:43,880
that I'm painting for you? 
Like it's it's getting harder to

726
00:40:43,880 --> 00:40:47,920
buy Bitcoin because of inflation
essentially. 

727
00:40:48,080 --> 00:40:52,160
Like the same reason why you 
would buy Bitcoin is the reason 

728
00:40:52,160 --> 00:40:56,400
why it's it's becoming hard to 
acquire some in the first place.

729
00:40:56,800 --> 00:41:00,040
More dollars sloshing around in 
the system buying for the same 

730
00:41:00,040 --> 00:41:03,520
amount of sets. 
It's the race is getting 

731
00:41:03,520 --> 00:41:06,200
competitive to say the least, to
say the least. 

732
00:41:06,200 --> 00:41:09,360
Anyways guys, one more 
commercial break, break, break 

733
00:41:09,520 --> 00:41:14,120
and we we will be right back. 
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734
00:41:14,120 --> 00:41:18,680
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735
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736
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737
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738
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742
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743
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746
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747
00:41:59,680 --> 00:42:03,080
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748
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749
00:42:05,760 --> 00:42:08,840
communications too. 
When the grid goes down, most 

750
00:42:08,840 --> 00:42:11,760
people go dark. 
Cell towers fail and hurricanes,

751
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cyber attacks and blackouts. 
But satellite phones, they don't

752
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754
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755
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756
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757
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758
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760
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761
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762
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763
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764
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765
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hardware wallets by now. 
Complex setups, clumsy 

766
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767
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768
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769
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recovery system and built in 
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771
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772
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776
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777
00:43:51,160 --> 00:43:57,160
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778
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for 20% off. 
And if you want me to continue 

779
00:44:00,160 --> 00:44:06,680
doing this lovely ASMR to 
counteract Niko's yelling at 

780
00:44:06,680 --> 00:44:10,360
you, smash the like button, 
subscribe to this channel and 

781
00:44:10,360 --> 00:44:11,640
share this video with your 
friends. 

782
00:44:13,040 --> 00:44:16,360
Thanks. 
The whispering's hilarious. 

783
00:44:16,640 --> 00:44:18,840
OK, guys, not. 
Even whispering at this point 

784
00:44:18,840 --> 00:44:21,920
it's just like softer. 
It's just like normal talking 

785
00:44:21,920 --> 00:44:23,840
because Niko yells at us every 
day. 

786
00:44:24,880 --> 00:44:27,440
It's to bring the cortisol. 
Level down dude, honestly, you 

787
00:44:27,440 --> 00:44:30,680
do bring my cortisol level down 
when you do the ASMR. Anyways, 

788
00:44:30,680 --> 00:44:32,640
guys, let's let's chat about 
this. 

789
00:44:32,640 --> 00:44:37,520
So if you're unaware of this 
Mount Gox, I don't know if you 

790
00:44:37,520 --> 00:44:40,520
guys are new. 
If you've been in Bitcoin and 

791
00:44:40,520 --> 00:44:44,400
you've done, you know, some 
basic research into the history 

792
00:44:44,400 --> 00:44:47,320
of Bitcoin, then you know the 
importance of Mount Gox. 

793
00:44:47,520 --> 00:44:51,400
It's one of the earliest 
exchanges had a huge demise. 

794
00:44:51,800 --> 00:44:56,200
This was basically the start of 
I believe it was a 2013 bear 

795
00:44:56,200 --> 00:45:00,480
market where it went from $1000 
all the way down to $100. 

796
00:45:00,480 --> 00:45:03,480
It took about two years for, you
know, the Bitcoin price to 

797
00:45:03,480 --> 00:45:05,400
reclaim this. 
This was one of those early 

798
00:45:05,400 --> 00:45:09,840
moments where if you were in 
Bitcoin, excuse me, if you were 

799
00:45:09,840 --> 00:45:14,200
in Bitcoin, this was one of 
those early testing points where

800
00:45:14,680 --> 00:45:16,760
you might have thought this 
whole thing was over. 

801
00:45:17,000 --> 00:45:19,960
And This is why we constantly 
tell you guys that you want to 

802
00:45:19,960 --> 00:45:23,440
take your Bitcoin off in 
exchange because if you don't 

803
00:45:23,440 --> 00:45:26,040
own the keys and it's not really
your Bitcoin. 

804
00:45:26,280 --> 00:45:31,000
And if we seen any type of 
examples throughout history, 

805
00:45:31,000 --> 00:45:33,920
these are the biggest ones. 
Whether it's Mount Gox, whether 

806
00:45:33,920 --> 00:45:38,360
it's what happened with Block 5,
Celsius, FTX. 

807
00:45:38,360 --> 00:45:42,120
Some of the biggest moments in 
Bitcoin always revolve around a 

808
00:45:42,120 --> 00:45:45,040
very simple principle is if you 
leave your Bitcoin on an 

809
00:45:45,040 --> 00:45:49,600
exchange, it's not really your 
Bitcoin and you can potentially 

810
00:45:49,600 --> 00:45:53,280
never get those Bitcoin back. 
And This is why we constantly 

811
00:45:53,280 --> 00:45:57,840
tell you guys, you want to of 
course buy Bitcoin, but you need

812
00:45:57,840 --> 00:46:01,040
to take it into cold storage 
because you're never going to 

813
00:46:01,040 --> 00:46:03,640
get rug pulled by an exchange. 
And again, This is why we 

814
00:46:03,640 --> 00:46:05,560
partner with Bitcoin. 
Well, because they never hold 

815
00:46:05,560 --> 00:46:08,360
the Bitcoin anyways. 
We have a recent update. 

816
00:46:08,360 --> 00:46:13,920
So the last time we talked about
Mount Gox it it sounded like 

817
00:46:14,160 --> 00:46:18,240
the, you know, Mount Gox 
customers, victims, however you 

818
00:46:18,240 --> 00:46:20,680
want to call it, we're about to 
get paid. 

819
00:46:21,080 --> 00:46:23,400
I think the last time we were 
hearing about this, they were 

820
00:46:23,400 --> 00:46:26,600
saying October or November of 
this year, they were all about 

821
00:46:26,600 --> 00:46:31,240
to get repaid. 
And as of this morning or yeah, 

822
00:46:31,240 --> 00:46:35,320
as of this morning, it looks 
like the Ogs out there. 

823
00:46:35,320 --> 00:46:38,400
If you had Bitcoin on Mount Gox,
it's going to be pushed back for

824
00:46:38,400 --> 00:46:42,720
another year, guys. 
So again, not your keys, not 

825
00:46:42,720 --> 00:46:46,480
your Bitcoin. 
And this is one of the longest 

826
00:46:46,480 --> 00:46:51,240
ongoing sagas in Bitcoin. 
This happened, you know, over a 

827
00:46:51,240 --> 00:46:54,120
decade ago. 
And yet the people that had lost

828
00:46:54,120 --> 00:46:58,760
Bitcoin on Mount Gox still 
haven't been able to claim that 

829
00:46:58,760 --> 00:47:00,320
Bitcoin. 
So we'll read this little bit. 

830
00:47:00,320 --> 00:47:04,200
Mount Gox pushes back Bitcoin 
repayments to October 2026 The 

831
00:47:04,200 --> 00:47:06,920
defunct exchange trustee has 
pushed back repayments for 

832
00:47:06,920 --> 00:47:11,600
October 2026, citing incomplete 
procedures and creditor 

833
00:47:11,600 --> 00:47:16,640
processing issues. 
Of course, here's it's gonna 

834
00:47:16,960 --> 00:47:21,680
push back another year. 
So around 19,500 creditors have 

835
00:47:21,680 --> 00:47:24,520
been repaid so far, while many 
remain pending. 

836
00:47:24,880 --> 00:47:28,200
Early repayment news sparked 
sell offs, but later delays drew

837
00:47:28,200 --> 00:47:31,160
little reaction, showing greater
market resilience. 

838
00:47:31,480 --> 00:47:35,920
And again, I think This is why. 
On the one hand, if you are a 

839
00:47:35,920 --> 00:47:39,960
Mount GOX victim, you're 
probably mad about this news 

840
00:47:39,960 --> 00:47:42,480
story. 
But if you're a newer Bitcoiner,

841
00:47:43,280 --> 00:47:46,360
that last sentence is probably 
why this might be a bullish 

842
00:47:46,360 --> 00:47:49,600
thing because it might have, it 
might have caused another sell 

843
00:47:49,600 --> 00:47:51,040
off. 
But I think as if we seen 

844
00:47:51,040 --> 00:47:54,280
anything in the last couple of 
weeks is that Bitcoin is more 

845
00:47:54,280 --> 00:47:57,040
resilient. 
Bitcoin is stronger now, it is a

846
00:47:57,040 --> 00:48:01,120
bigger market and the sell offs 
aren't as brutal as they used to

847
00:48:01,120 --> 00:48:03,800
be. 
If you heard another kind of 

848
00:48:03,800 --> 00:48:07,520
historical moment in Bitcoin, 
the bare well he sold about I 

849
00:48:07,520 --> 00:48:10,120
think it was 19,000 coins or 
something like that. 

850
00:48:11,000 --> 00:48:13,440
I'd have to maybe someone in the
chat can refresh me on that. 

851
00:48:13,440 --> 00:48:17,200
And the last sell off we just 
saw about, you know, a few weeks

852
00:48:17,200 --> 00:48:22,520
ago was like quadruple the size 
of that and we went down 10%. 

853
00:48:22,520 --> 00:48:25,440
It wasn't a complete, you know, 
end of a bull run. 

854
00:48:25,440 --> 00:48:28,680
It wasn't a bear market. 
It wasn't a long term kind of 

855
00:48:28,680 --> 00:48:30,760
devastation. 
It was just a blip on the 

856
00:48:30,760 --> 00:48:33,160
Bitcoin chart. 
Seems like the bear, the bull 

857
00:48:33,160 --> 00:48:36,560
market is still in effect, still
in play. 

858
00:48:36,560 --> 00:48:41,360
So rehabilitation trustee 
Naboika Kobayashi wrote that 

859
00:48:41,360 --> 00:48:43,880
many creditors still haven't 
received the repayments because 

860
00:48:43,880 --> 00:48:47,480
they, quote, have not completed 
the necessary procedures, while 

861
00:48:47,480 --> 00:48:50,280
others face issues during the 
process. 

862
00:48:50,480 --> 00:48:53,600
Was formally approved by Tokyo 
court and announced on a notice 

863
00:48:53,600 --> 00:48:58,760
published Monday. 
So it looks like they're going 

864
00:48:58,760 --> 00:49:01,440
to get pushed back. 
And Arkham data shows that Mount

865
00:49:01,440 --> 00:49:08,120
GOX still holds about 34,689 
Bitcoin, worth nearly $4 billion

866
00:49:08,120 --> 00:49:12,600
at current prices. 
So if we, we saw, if this did 

867
00:49:12,600 --> 00:49:16,920
happen, I think a lot of 
Bitcoiners that were OG Mount G 

868
00:49:16,920 --> 00:49:20,440
Ox, kind of, you know, I, I 
think the only word I can use is

869
00:49:20,440 --> 00:49:24,520
like victims here. 
Most likely they're not, you 

870
00:49:24,520 --> 00:49:27,440
know, they haven't lost faith in
Bitcoin, but if they did get 

871
00:49:27,440 --> 00:49:29,600
repaid, we might have saw 
another sell off. 

872
00:49:29,600 --> 00:49:32,480
And, and really the question is,
could Bitcoin deal with another 

873
00:49:32,480 --> 00:49:34,800
sell off right now? 
I feel like we're just getting 

874
00:49:34,800 --> 00:49:38,000
some life back in the market. 
They might not, I mean. 

875
00:49:38,160 --> 00:49:39,560
Yeah, that's that's really the 
thing if. 

876
00:49:39,840 --> 00:49:43,760
If they're getting paid back in 
Bitcoin, if you know, I think 

877
00:49:43,760 --> 00:49:46,600
some people are getting paid 
back in Fiat and in Bitcoin 

878
00:49:46,600 --> 00:49:48,640
cash. 
But if they're getting paid back

879
00:49:48,640 --> 00:49:53,680
in Bitcoin and they've seen how 
it's performed over time, I 

880
00:49:53,680 --> 00:49:57,760
don't see why they would 
massively like, sell this off. 

881
00:49:57,760 --> 00:50:00,280
Like it was just like, like, why
would they do that? 

882
00:50:00,360 --> 00:50:02,840
Or maybe they would sell off a 
little portion, but not the 

883
00:50:02,840 --> 00:50:04,080
whole thing. 
Not. 

884
00:50:04,360 --> 00:50:07,280
Not when they've seen how much 
Bitcoin has appreciated over 

885
00:50:07,280 --> 00:50:09,120
time. 
Well, that's what Elaine said in

886
00:50:09,120 --> 00:50:10,880
the chat. 
She goes, I guess Mountain Gox 

887
00:50:10,880 --> 00:50:12,400
is waiting for a number to go up
to. 

888
00:50:14,000 --> 00:50:18,000
So hey, you know, one of those 
sagas that continues to go on. 

889
00:50:18,000 --> 00:50:22,360
And This is why we constantly 
tell you guys, you need to take 

890
00:50:22,360 --> 00:50:28,320
self custody of your Bitcoin. 
I know it's kind of, it is 

891
00:50:28,320 --> 00:50:32,560
terrifying for a lot of people, 
but the safest place to hold 

892
00:50:32,560 --> 00:50:34,840
your Bitcoin is under your own 
self custody. 

893
00:50:34,840 --> 00:50:37,480
And I was literally talking to 
one of my cousins about this the

894
00:50:37,480 --> 00:50:39,160
other night. 
And he was like, OK, can you 

895
00:50:39,160 --> 00:50:43,560
just like explain to me, you 
know what, like on a 

896
00:50:43,640 --> 00:50:47,520
theoretical, technical level, is
holding a Bitcoin on an exchange

897
00:50:47,520 --> 00:50:49,320
the same thing as holding in 
cold storage? 

898
00:50:49,360 --> 00:50:51,080
Aren't they both kind of like IO
us? 

899
00:50:51,080 --> 00:50:53,520
I'm like, no, dude, like if you 
leave your Bitcoin on an 

900
00:50:53,520 --> 00:50:57,440
exchange, that's the IOU and the
safest place is to hold it in 

901
00:50:57,440 --> 00:51:00,160
self custody. 
And he's literally the one that 

902
00:51:00,160 --> 00:51:03,040
kind of got me into Bitcoin. 
Me and him basically learned 

903
00:51:03,040 --> 00:51:04,800
around the same time. 
And of course I just got 

904
00:51:04,800 --> 00:51:07,920
obsessed with it. 
And he just like, OK, whatever, 

905
00:51:07,920 --> 00:51:12,840
like you're a nerd. 
But This is why we constantly 

906
00:51:12,840 --> 00:51:16,840
tell you guys the best place to 
have your Bitcoin is just it is 

907
00:51:16,840 --> 00:51:18,640
a learning curve. 
There is a little more 

908
00:51:18,640 --> 00:51:21,480
responsibility that comes to it.
But you cannot leave your 

909
00:51:21,480 --> 00:51:24,200
Bitcoin on an exchange because 
you never know if these 

910
00:51:24,200 --> 00:51:29,120
exchanges do go down, you might 
not ever receive that Bitcoin 

911
00:51:29,120 --> 00:51:33,120
and you might be stuck in a, you
know, over decade saga to try to

912
00:51:33,120 --> 00:51:35,960
reclaim your games. 
And the only thing that really 

913
00:51:35,960 --> 00:51:39,240
kind of did well for the Mount 
Gox guys is that they literally 

914
00:51:39,240 --> 00:51:44,120
did keep it in Bitcoin versus 
most other kind of scenarios 

915
00:51:44,120 --> 00:51:46,120
similar to this. 
Like we saw with the Block Fi 

916
00:51:46,120 --> 00:51:51,280
stuff in the FTX payments 
repayments, they basically just 

917
00:51:51,280 --> 00:51:55,000
give you the dollar gain back on
the date of its collapse. 

918
00:51:55,000 --> 00:51:57,360
And so you lose out on all those
games. 

919
00:51:57,560 --> 00:52:01,560
That's what FTX is doing right? 
And so at least you can tell 

920
00:52:01,560 --> 00:52:05,080
that these people have good 
intentions, even though the 

921
00:52:05,080 --> 00:52:10,240
system behind them failed. 
And and that's, you know, the 

922
00:52:10,240 --> 00:52:13,360
intention doesn't matter. 
You can still lose your Bitcoin.

923
00:52:13,360 --> 00:52:16,920
I think that's like the 
principal lesson here to learn 

924
00:52:17,280 --> 00:52:20,520
is, you know, keep your, as you 
said, keep your Bitcoin in self 

925
00:52:20,520 --> 00:52:24,640
custody and don't, don't, don't,
don't keep it on exchanges. 

926
00:52:24,640 --> 00:52:28,360
Yeah, and actually I think this 
is a good point when some hacks 

927
00:52:28,840 --> 00:52:31,400
shouts out, my boy wins some 
hacks, he goes self custody is 

928
00:52:31,400 --> 00:52:33,320
ideal. 
You shouldn't let it stop you 

929
00:52:33,320 --> 00:52:35,720
buying Bitcoin. 
Now with a view to moving to 

930
00:52:35,720 --> 00:52:39,600
self custody though, I would 
totally agree with this is like 

931
00:52:39,600 --> 00:52:41,320
guys, a lot of the things in 
Bitcoin. 

932
00:52:41,560 --> 00:52:46,520
Yes, we can be dogmatic when we 
when we talk to you guys on the 

933
00:52:46,520 --> 00:52:51,680
show, a little hyperbolic, 
etcetera, but it is kind of baby

934
00:52:51,680 --> 00:52:54,600
steps. 
And I think a lot of people, 

935
00:52:54,720 --> 00:52:58,120
especially when it comes to self
custody and especially when it 

936
00:52:58,120 --> 00:53:01,080
comes to a large amount of 
wealth, you shouldn't just, you 

937
00:53:01,080 --> 00:53:03,400
know, go through this extremely 
fast. 

938
00:53:03,400 --> 00:53:07,800
I think on more for most people,
probably the best way to do 

939
00:53:07,800 --> 00:53:10,320
this. 
And again, you know, like don't,

940
00:53:10,320 --> 00:53:14,200
don't, you know, put me on a 
don't crucify me here. 

941
00:53:14,600 --> 00:53:19,520
But usually what I kind of 
recommend for most people is a 

942
00:53:19,520 --> 00:53:23,400
very simple process so that they
can kind of get their toes wet. 

943
00:53:23,760 --> 00:53:27,680
And it's like, you know, buy on 
an exchange, whatever is most 

944
00:53:27,680 --> 00:53:29,720
convenient for you, buy on an 
exchange. 

945
00:53:30,080 --> 00:53:32,520
And then when it gets to a 
certain amount, you know, 

946
00:53:32,520 --> 00:53:35,640
certain threshold that you feel 
a little uncomfortable leaving 

947
00:53:35,640 --> 00:53:38,880
it on an exchange, then I'll 
probably have them move to like 

948
00:53:38,880 --> 00:53:40,760
a phone wallet. 
And once they kind of get 

949
00:53:40,760 --> 00:53:43,920
comfortable with that phone 
wallet, then I start kind of 

950
00:53:43,920 --> 00:53:47,200
giving them a cold storage to 
set up and I kind of, you know, 

951
00:53:47,520 --> 00:53:50,560
drip feed them more, more of the
Bitcoin signal. 

952
00:53:50,560 --> 00:53:53,080
So they they do happen in baby 
steps. 

953
00:53:53,080 --> 00:53:56,080
Now I know a lot of people will 
do the opposite and they're 

954
00:53:56,080 --> 00:53:58,400
like, you need to buy Bitcoin 
and you need to buy a bit key 

955
00:53:58,400 --> 00:54:00,160
today. 
And this is the best way and the

956
00:54:00,160 --> 00:54:03,480
only way you should do it. 
I totally get that angle. 

957
00:54:03,480 --> 00:54:05,760
I mean. 
It is the best way that you 

958
00:54:05,760 --> 00:54:07,560
should. 
Yeah, it totally is the best 

959
00:54:07,560 --> 00:54:10,120
way. 
But some people you, you kind of

960
00:54:10,120 --> 00:54:12,560
have to work with people. 
No, I mean, I think just 

961
00:54:12,560 --> 00:54:15,920
everybody has to go through 
their own journey, right. 

962
00:54:16,360 --> 00:54:20,720
Some people they they start by 
buying Bitcoin on cash shop and 

963
00:54:20,720 --> 00:54:24,320
then they keep going down the 
rabbit hole and or something, 

964
00:54:24,320 --> 00:54:27,400
you know, unfortunately bad 
happens to them where they lose 

965
00:54:27,400 --> 00:54:30,080
some of their Bitcoin or they 
get scammed and then they 

966
00:54:30,080 --> 00:54:34,520
realize the importance of self 
custody or the whole other side 

967
00:54:34,520 --> 00:54:38,360
of why Bitcoin is important. 
It's not just number go up, it's

968
00:54:38,360 --> 00:54:42,560
the fact that you can store it 
with, you know, 12 or 24 words 

969
00:54:42,560 --> 00:54:47,440
in your mind. 
So if you know if, wait what? 

970
00:54:47,640 --> 00:54:49,760
Someone said force Bitcoin down 
their throats. 

971
00:54:49,880 --> 00:54:52,640
Yeah, for just do it. 
Just you know what? 

972
00:54:52,680 --> 00:54:54,840
Like forget everything I said, 
just force Bitcoin. 

973
00:54:54,840 --> 00:54:57,600
Down yeah, yeah, just force 
Bitcoin down their throats. 

974
00:54:58,720 --> 00:55:03,440
It it really depends like 
actually I'm I'm this is 

975
00:55:03,440 --> 00:55:05,400
probably a good segue into 
wrapping this up. 

976
00:55:05,440 --> 00:55:13,560
I did the other night get my, my
young younger cousin kind of 

977
00:55:13,560 --> 00:55:16,520
into Bitcoin and I, I did kind 
of force your hand a little bit.

978
00:55:16,520 --> 00:55:19,240
It wasn't that hard. 
I was like, OK, look, I'm going 

979
00:55:19,240 --> 00:55:22,160
to send you some Bitcoin, but I 
need you to download a phone 

980
00:55:22,160 --> 00:55:26,520
wallet and you need to, you 
know, write the seed seed phrase

981
00:55:26,520 --> 00:55:28,640
down. 
Make sure you don't show your 

982
00:55:28,640 --> 00:55:32,800
mom or your brothers and make 
sure it's on a piece of paper. 

983
00:55:33,120 --> 00:55:36,840
And then once you get that seed 
word phrase down, I'm going to 

984
00:55:36,840 --> 00:55:39,080
send you some Bitcoin. 
I did a small little test 

985
00:55:39,080 --> 00:55:41,040
transaction. 
I'm like, did you receive it? 

986
00:55:41,280 --> 00:55:44,000
And she was like, yeah. 
And then and I sent her 

987
00:55:44,040 --> 00:55:47,600
basically what I promised her 
and I'm like, OK, now you're a 

988
00:55:47,600 --> 00:55:50,240
bitcoiner, you're rich, 
protected, like your life 

989
00:55:50,240 --> 00:55:53,160
depends on it. 
And I just made I, I dude. 

990
00:55:53,160 --> 00:55:54,920
So if I made another bitcoiner 
though. 

991
00:55:55,000 --> 00:55:58,440
I did that with my I did that 
with my cousin actually a couple

992
00:55:58,440 --> 00:56:01,080
of weeks ago. 
I turned him on to Bitcoin. 

993
00:56:01,080 --> 00:56:04,840
Well, I made him get a bit key. 
I made him, you know, have the 

994
00:56:04,840 --> 00:56:09,200
whole system because he's like, 
bro, like what if they rug me on

995
00:56:09,200 --> 00:56:11,360
Coinbase? 
Like what if what happened to 

996
00:56:11,360 --> 00:56:13,200
FTI? 
Like he just started randomly 

997
00:56:13,360 --> 00:56:17,320
thinking about it and I was 
like, exactly, exactly. 

998
00:56:17,560 --> 00:56:21,600
So I got him on the system. 
Now he's protected. 

999
00:56:21,960 --> 00:56:26,080
He's hooked up like we're we're,
we're moving in the right track.

1000
00:56:26,080 --> 00:56:27,920
The kids are going to be. 
Yeah, the kids are going to be 

1001
00:56:27,920 --> 00:56:30,840
all right. 
And honestly, actually I'll just

1002
00:56:30,840 --> 00:56:33,960
keep it moving and I'll, I'll 
rehash kind of part of this 

1003
00:56:33,960 --> 00:56:36,000
conversation, but the kids will 
be all right. 

1004
00:56:36,000 --> 00:56:37,520
All right. 
Last commercial break for you 

1005
00:56:37,520 --> 00:56:40,360
guys and we will chat a little 
more about this in the culture. 

1006
00:56:42,720 --> 00:56:45,520
I want to give a shout out to 
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1007
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1016
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Hive Digital Tech or at Hive 
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1017
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1018
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1025
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1027
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1028
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1030
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1036
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Sorry, guys, I was trolling in 

1037
00:58:46,400 --> 00:58:49,920
the chat, but Bitcoin Barbara, 
I'm glad stacked stacked over is

1038
00:58:49,920 --> 00:58:52,640
almost over. 
Anyways, kind of continuing on 

1039
00:58:52,640 --> 00:58:55,560
this conversation that I had 
with my cousin. 

1040
00:58:56,040 --> 00:58:59,240
I I didn't do the whole, you 
know, Bitcoin shell, the 

1041
00:58:59,480 --> 00:59:04,080
importance of it, but she she 
actually like, I think I sent 

1042
00:59:04,080 --> 00:59:08,280
her, I don't know, like 20 bucks
on like, I don't know, a few 

1043
00:59:08,280 --> 00:59:09,880
years ago or something like 
that. 

1044
00:59:09,880 --> 00:59:12,560
And her phone got lost. 
And then this is where that 

1045
00:59:12,560 --> 00:59:16,040
conversation kind of sparked 
from my aunt hit me up and she's

1046
00:59:16,040 --> 00:59:20,360
like, you're, you're actually 
kind of influencing your, your 

1047
00:59:20,360 --> 00:59:22,400
baby cousin really well over 
here. 

1048
00:59:22,400 --> 00:59:25,840
Because the only thing she cared
about was apparently she had 

1049
00:59:25,840 --> 00:59:29,760
some Bitcoin on that wallet. 
And I'm like, OK, did, did I 

1050
00:59:29,760 --> 00:59:31,520
write the seed words down for 
her? 

1051
00:59:31,520 --> 00:59:34,040
So I don't know. 
Anyways, I think we made a, a 

1052
00:59:34,040 --> 00:59:37,480
small donation to the network 
there because I, yeah, I 

1053
00:59:37,480 --> 00:59:39,840
couldn't find the wallet that I 
gave her. 

1054
00:59:40,640 --> 00:59:44,560
And so I felt bad, a little bad.
And because I was, I, I, this 

1055
00:59:44,560 --> 00:59:46,840
was like 4 or five years ago or 
something like that. 

1056
00:59:47,800 --> 00:59:52,160
And so I was looking for the 
seed word phrase and I, you 

1057
00:59:52,160 --> 00:59:53,880
know, I, I just, I couldn't find
it. 

1058
00:59:53,880 --> 00:59:57,200
And so I hit her up and I was 
like, OK, look, this is what 

1059
00:59:57,200 --> 00:59:58,600
we're going to do. 
You're going to download a 

1060
00:59:58,600 --> 01:00:01,640
wallet on your phone. 
You're going to write the seed 

1061
01:00:01,640 --> 01:00:04,680
word phrase. 
Make sure that you're writing on

1062
01:00:04,680 --> 01:00:07,720
a piece of paper very legibly so
that you can reread it. 

1063
01:00:08,040 --> 01:00:09,800
You know, make sure you do it 
slowly. 

1064
01:00:09,800 --> 01:00:11,840
All that good stuff, like don't 
show it. 

1065
01:00:11,840 --> 01:00:13,760
Like if you want to show it to 
your mom. 

1066
01:00:14,200 --> 01:00:17,280
So like do a copy so that your 
mom backs it up for you. 

1067
01:00:17,520 --> 01:00:19,680
You can do that. 
And we both kind of agreed like 

1068
01:00:20,080 --> 01:00:22,560
it's probably better. 
It's probably better in her 

1069
01:00:22,560 --> 01:00:24,360
control. 
Like she she'll protect her 

1070
01:00:24,360 --> 01:00:25,720
secrets better than my aunt 
will. 

1071
01:00:26,240 --> 01:00:29,480
I love my aunt, but yeah, she's,
she's probably not the best 

1072
01:00:29,480 --> 01:00:33,280
person to, you know, keep, keep 
a, a very important thing for my

1073
01:00:33,280 --> 01:00:35,920
young cousin. 
And so she wrote the seed phrase

1074
01:00:35,920 --> 01:00:40,120
down and I sent her like a small
test transaction. 

1075
01:00:40,120 --> 01:00:41,840
I'm like, OK, did you receive 
it? 

1076
01:00:41,840 --> 01:00:43,360
You know, did you do the wallet 
correctly? 

1077
01:00:43,360 --> 01:00:46,080
Are you getting that Bitcoin? 
And then I sent her some more 

1078
01:00:46,080 --> 01:00:49,440
Bitcoin and I was like, OK, now 
you got to protect this seed 

1079
01:00:49,440 --> 01:00:53,200
word, put it somewhere safe. 
And then on Christmas, it's 

1080
01:00:53,200 --> 01:00:55,880
coming up like I'm going to buy 
the whole family a bunch of bit 

1081
01:00:55,880 --> 01:00:57,120
keys. 
I'm going to make sure you guys 

1082
01:00:57,120 --> 01:01:00,120
are secure, secure. 
So for now, you know, you have 

1083
01:01:00,120 --> 01:01:02,400
some on your phone, don't lose 
your phone, etcetera, etcetera, 

1084
01:01:02,400 --> 01:01:04,720
etcetera. 
And she was super happy. 

1085
01:01:04,720 --> 01:01:09,320
I, I sent her, you know, not, 
not a lot of Bitcoin, but a lot 

1086
01:01:09,320 --> 01:01:12,160
for a young little girl. 
And she was super happy about 

1087
01:01:12,160 --> 01:01:13,800
it. 
And she's securing and she's, 

1088
01:01:13,800 --> 01:01:16,120
you know, she's a Bitcoiner Now 
I'm like, look, you're rich, 

1089
01:01:16,320 --> 01:01:19,600
you're a bitcoiner protected 
with your life. 

1090
01:01:19,840 --> 01:01:23,320
But one of the things I really 
did want to kind of talk to her 

1091
01:01:23,320 --> 01:01:27,280
about and tell her is just like 
the significance of I sent her 

1092
01:01:27,280 --> 01:01:29,600
like, you know, 100 bucks, 200 
bucks or something like that, 

1093
01:01:29,600 --> 01:01:32,040
like not too much, but for a 
young girl. 

1094
01:01:32,040 --> 01:01:34,400
And she was happy about it. 
And I also was joking. 

1095
01:01:34,400 --> 01:01:38,040
So if I'm like, look, I'm not 
going to rug pull you like I'll,

1096
01:01:38,040 --> 01:01:40,200
I'll, I'll lock in the games for
you too. 

1097
01:01:40,200 --> 01:01:43,680
So if I sent you 20 bucks, like 
I'll send you 200 bucks this 

1098
01:01:43,680 --> 01:01:46,680
time so that you got the game, 
so you don't feel like I scammed

1099
01:01:46,680 --> 01:01:48,840
you out of the out of your 
Bitcoin. 

1100
01:01:48,840 --> 01:01:52,000
So she in her head, you know, 
intuitively understands like, 

1101
01:01:52,000 --> 01:01:54,680
oh, Bitcoin goes, it's Internet 
money. 

1102
01:01:54,680 --> 01:01:56,600
Like she's in control. 
She's her own bank. 

1103
01:01:57,040 --> 01:02:00,800
And you know, so we we did that 
process and she was super stoked

1104
01:02:00,800 --> 01:02:02,320
on it. 
But one of the things I really 

1105
01:02:02,320 --> 01:02:05,720
did want to go into is the whole
idea of Bitcoin per share. 

1106
01:02:05,720 --> 01:02:09,160
But I didn't really want to like
be the unk, you know, older 

1107
01:02:09,160 --> 01:02:11,480
cousin. 
That's like that's like all 

1108
01:02:11,480 --> 01:02:14,440
right, you know, you got to 
understand, you know, like stay 

1109
01:02:14,440 --> 01:02:17,040
in school, like you got to 
understand how much Bitcoin you 

1110
01:02:17,040 --> 01:02:20,720
actually hold you got. 
To go for like the initial human

1111
01:02:20,720 --> 01:02:24,040
incentives of I get money from 
you. 

1112
01:02:24,360 --> 01:02:26,640
Awesome. 
Well, that's what I was joking 

1113
01:02:26,640 --> 01:02:29,280
and my my cousin was on the 
phone and I'm like, all right, 

1114
01:02:29,280 --> 01:02:32,960
so now your job is my, her, her 
older brother. 

1115
01:02:32,960 --> 01:02:37,320
It's like now your job is to 
anytime you get paid by your mom

1116
01:02:37,320 --> 01:02:40,960
or your or my cousin, it's like 
you got to ask them for Bitcoin.

1117
01:02:40,960 --> 01:02:44,040
And I heard him on the back. 
It's like, F no, I ain't giving 

1118
01:02:44,040 --> 01:02:47,880
her any of my fake coins. 
So you know she. 

1119
01:02:47,960 --> 01:02:50,800
Or she just got it. 
She she might just have to open 

1120
01:02:50,800 --> 01:02:52,760
up an account with Bitcoin. 
Well, dot. 

1121
01:02:52,760 --> 01:02:56,680
Com off the rugged she's not old
enough she she's not old enough 

1122
01:02:56,680 --> 01:02:58,480
to do financial things. 
So really. 

1123
01:02:58,560 --> 01:03:00,320
You have to be old. 
I think you got it. 

1124
01:03:00,440 --> 01:03:03,200
I'm pretty sure you got to be at
least 18. 

1125
01:03:03,280 --> 01:03:06,360
I'm guessing usually most 
exchanges you got to be 18 to 

1126
01:03:06,360 --> 01:03:08,720
open up an account unless it's 
offshore. 

1127
01:03:09,600 --> 01:03:12,600
No sorry I'm not rugging. 
I literally I locked in the 

1128
01:03:12,600 --> 01:03:14,480
games for her dude. 
So I you know. 

1129
01:03:14,480 --> 01:03:16,360
Probably gave her more. 
Yeah, I totally. 

1130
01:03:16,360 --> 01:03:19,000
Gave her more games than than 
what it was. 

1131
01:03:19,320 --> 01:03:22,560
I literally, yeah, I literally 
paid interest on it. 

1132
01:03:23,560 --> 01:03:26,200
Anyways, part of the thing when 
I was telling her and I was 

1133
01:03:26,200 --> 01:03:30,200
shooting her Bitcoin, I, I 
really want to like sink in the 

1134
01:03:30,200 --> 01:03:33,360
significance of it, but you 
know, I, I didn't really want to

1135
01:03:33,360 --> 01:03:36,320
do the whole Bitcoin show and 
her being like, OK, whatever. 

1136
01:03:36,520 --> 01:03:41,200
So I'll do it here on the show. 
And our Twitter account did this

1137
01:03:41,200 --> 01:03:43,800
funny tweet and it's like like 
if you hold more Bitcoin than 

1138
01:03:43,800 --> 01:03:53,440
Germany and they hold $814.54, 
which is what .007 08 bitcoins, 

1139
01:03:53,440 --> 01:03:57,840
so 700,000 SAT. 
I believe the US or German 

1140
01:03:57,840 --> 01:04:01,720
government holding 700 SAT. 
So if you hold $1000 in Bitcoin 

1141
01:04:01,720 --> 01:04:05,760
today, you hold more money than 
many of the nation states around

1142
01:04:05,760 --> 01:04:07,440
the world. 
So pat yourself on the back. 

1143
01:04:07,800 --> 01:04:11,160
But this was the one that I, you
know, just, I don't know if this

1144
01:04:11,160 --> 01:04:15,400
would make sense to like a 1314 
year old girl, but I, this is 

1145
01:04:15,400 --> 01:04:17,240
what I wanted to say. 
And I didn't want to get her 

1146
01:04:17,240 --> 01:04:19,720
eyes to gloss over and be like, 
OK, whatever, dude, just like, 

1147
01:04:19,720 --> 01:04:22,160
send me the money. 
Like, do I, do I have to sit 

1148
01:04:22,160 --> 01:04:23,960
through this lecture? 
Can you just send me the money? 

1149
01:04:23,960 --> 01:04:25,440
Wait. 
Till she finds out that she 

1150
01:04:25,600 --> 01:04:30,000
cannot spend it. 
No, she's she's all about 

1151
01:04:30,000 --> 01:04:31,960
locking in the game. 
She's like, I don't want to 

1152
01:04:31,960 --> 01:04:34,560
spend this I, she already 
because again, I sent her like 

1153
01:04:34,560 --> 01:04:38,800
20 bucks like, I don't know, 3-4
years ago or something like 

1154
01:04:38,800 --> 01:04:41,240
that. 
And we did the process before 

1155
01:04:41,560 --> 01:04:44,640
where she, you know, we wrote 
down the seed phrase together 

1156
01:04:44,640 --> 01:04:48,000
and I and I explained it to her 
and it, it registered long 

1157
01:04:48,000 --> 01:04:52,240
enough where she was like, I, I 
think, I think my cousin has the

1158
01:04:52,240 --> 01:04:54,960
seed word phrase. 
And then I moved and I, I don't 

1159
01:04:54,960 --> 01:04:57,920
know what happened to it. 
So, you know, good donation for 

1160
01:04:57,920 --> 01:05:00,560
everyone else. 
Nice little lesson for my young 

1161
01:05:00,560 --> 01:05:03,760
cousin. 
And she knew, you know, like, 

1162
01:05:03,760 --> 01:05:07,000
yeah, it was like, I don't know,
X amount of dollars, but like, 

1163
01:05:07,000 --> 01:05:09,320
it should be more now. 
I'm like, oh, well, what was it 

1164
01:05:09,320 --> 01:05:10,840
then? 
And I'm like, look, I'm not 

1165
01:05:10,840 --> 01:05:13,520
going to scam you. 
I'm going to I'll give you the 

1166
01:05:13,520 --> 01:05:15,560
game so so you can feel good 
about it. 

1167
01:05:15,920 --> 01:05:17,760
And here we go. 
This is like, you know, the 

1168
01:05:17,760 --> 01:05:20,920
Bitcoin per person, one of the 
classic kind of sites in Bitcoin

1169
01:05:21,160 --> 01:05:26,360
just so people can really 
understand how valuable Bitcoin 

1170
01:05:26,360 --> 01:05:28,920
is. 
And really, you know, and I, I 

1171
01:05:28,920 --> 01:05:31,880
don't really fully believe in 
this metric of Bitcoin per 

1172
01:05:31,880 --> 01:05:34,600
person. 
I, I'm not really much of A, you

1173
01:05:34,600 --> 01:05:37,960
know, what's it egalitarian or 
wherever, where everyone 

1174
01:05:37,960 --> 01:05:41,080
deserves the same thing and the 
same amount of wealth. 

1175
01:05:41,480 --> 01:05:45,200
But when you think of it in this
context, you realize that even 

1176
01:05:45,200 --> 01:05:48,800
if you're holding a million 
sets, 10 million sets, half a 

1177
01:05:48,800 --> 01:05:54,520
coin, etcetera, like even if 
you're at $1000 in Bitcoin and 

1178
01:05:54,520 --> 01:05:57,720
today you are still early to 
this thing. 

1179
01:05:57,720 --> 01:06:01,160
And when you break down the math
in the fractions of this, 

1180
01:06:01,480 --> 01:06:05,440
there's roughly, you know what, 
8.1 billion people on planet 

1181
01:06:05,440 --> 01:06:08,320
Earth. 
As we always say, there's not 

1182
01:06:08,320 --> 01:06:11,160
that much Bitcoin to go around. 
I was literally tweeting on over

1183
01:06:11,160 --> 01:06:15,200
the weekend, there's 24,000,000 
American millionaires. 

1184
01:06:15,520 --> 01:06:19,240
It's only 21 million Bitcoin. 
Like the goal is and should 

1185
01:06:19,240 --> 01:06:21,760
always be trying to hold on to 
one coin. 

1186
01:06:22,080 --> 01:06:25,520
But hey, if you don't get to 1 
coin like it's not the end of 

1187
01:06:25,520 --> 01:06:27,360
the world. 
Obviously you want to maintain 

1188
01:06:27,360 --> 01:06:30,760
stacking and continue to 
accumulate Bitcoin, continue to 

1189
01:06:30,760 --> 01:06:34,600
use it as a savings vehicle. 
But if you broke down the 21 

1190
01:06:34,600 --> 01:06:37,760
million SAT's compared to the 
8.1 billion people, that 

1191
01:06:37,880 --> 01:06:46,880
basically is what is this 
244,000 SAT's, 244,616 SAT per 

1192
01:06:46,880 --> 01:06:52,200
person? 
And right now that's what, 2 

1193
01:06:52,200 --> 01:06:55,600
almost $300 worth of Bitcoin? 
Is that what it's saying? 

1194
01:06:56,360 --> 01:06:59,600
Given that a current Bitcoin 
currently costs 114, it's a 

1195
01:06:59,800 --> 01:07:02,680
yeah, 1:15. 
There are only enough bitcoins 

1196
01:07:02,680 --> 01:07:08,600
for every person to have 281.28 
cents worth of Bitcoin. 

1197
01:07:08,600 --> 01:07:10,840
That's great. 
If bitcoins were distributed 

1198
01:07:10,840 --> 01:07:14,000
using the current global 
distribution of wealth, 99.9% of

1199
01:07:14,000 --> 01:07:18,600
people would have $53.50 worth 
of Bitcoin, and people on the 

1200
01:07:18,600 --> 01:07:23,280
top .001% would have .73 
bitcoins each. 

1201
01:07:23,600 --> 01:07:25,520
So. 
Do you think like a situation 

1202
01:07:25,520 --> 01:07:30,120
would happen where like all of a
sudden the dollar just like 

1203
01:07:30,760 --> 01:07:35,760
starts to gain value because we 
are backing our entire global 

1204
01:07:35,760 --> 01:07:40,000
reserve with Bitcoin? 
Theoretically, yes. 

1205
01:07:41,880 --> 01:07:45,840
In actuality, if the dollar 
gains more strength, that's 

1206
01:07:45,880 --> 01:07:48,200
actually kind of like a bad 
thing for us. 

1207
01:07:48,200 --> 01:07:51,760
In this scenario. 
But like, what if it gains 

1208
01:07:51,760 --> 01:07:55,360
strength by virtue of being 
backed by Bitcoin, is what I'm 

1209
01:07:55,360 --> 01:07:58,840
saying? 
Like, is that a thing? 

1210
01:07:58,840 --> 01:08:00,920
Is that possible? 
I mean, I'm not an economist. 

1211
01:08:00,920 --> 01:08:03,160
That's like really not that's 
that's. 

1212
01:08:03,160 --> 01:08:06,640
What, Since Senator Lummus has 
kind of been saying that we 

1213
01:08:06,640 --> 01:08:09,360
could, you know, save the US 
dollar by backing it with 

1214
01:08:09,360 --> 01:08:11,280
Bitcoin? 
Well, you could save the deficit

1215
01:08:11,280 --> 01:08:13,520
is what she said. 
She said that we could pay off 

1216
01:08:13,840 --> 01:08:17,319
the majority of the deficit or 
whatever, but like over 20 

1217
01:08:17,319 --> 01:08:19,600
years. 
But even then, like, I mean, 

1218
01:08:19,600 --> 01:08:23,800
could you imagine if we were 
back in the 1950s when like 1/4 

1219
01:08:23,800 --> 01:08:27,200
would get you a slice of pie? 
If you go to Starbucks now and 

1220
01:08:27,200 --> 01:08:32,560
coffee's like $6, It's crazy. 
Yeah, inflation sucks. 

1221
01:08:32,560 --> 01:08:34,960
Inflation's a hell of a drug to 
say the least. 

1222
01:08:35,560 --> 01:08:37,800
But you have this comment. 
I'm finally above averaging 

1223
01:08:37,840 --> 01:08:40,760
something. 
Yeah, man, I like honestly, when

1224
01:08:40,800 --> 01:08:46,880
when look, I know a lot of times
you're on Twitter or you're 

1225
01:08:46,880 --> 01:08:50,279
talking to other bitcoiners, and
we used to call it like stack 

1226
01:08:50,279 --> 01:08:52,000
shaming. 
People would stack shame you. 

1227
01:08:52,000 --> 01:08:53,880
It's because you don't have a 
big enough stack. 

1228
01:08:53,880 --> 01:08:57,319
Like we're, we're not. 
Look, let's be honest here. 

1229
01:08:57,760 --> 01:08:59,760
I'm never going to have Sailor 
stack, all right? 

1230
01:08:59,760 --> 01:09:02,840
There's no possibility I'm ever 
going to get Sailor or 

1231
01:09:02,840 --> 01:09:07,120
MicroStrategy stack or, you 
know, hold millions of coins 

1232
01:09:07,120 --> 01:09:09,920
here. 
So you do feel like you're 

1233
01:09:09,920 --> 01:09:12,680
losing the race a lot of times. 
But when you kind of break it 

1234
01:09:12,680 --> 01:09:16,399
down into this mentality, you 
start to realize, OK, I am in a 

1235
01:09:16,399 --> 01:09:19,319
lot better place than maybe I 
was giving myself credit for. 

1236
01:09:19,640 --> 01:09:23,720
And the whole point I think of 
this one was the kind of show my

1237
01:09:23,720 --> 01:09:27,399
young cousin that, hey, you 
know, like you're holding a 

1238
01:09:27,399 --> 01:09:30,279
significant amount here, even if
it's only a couple 100 bucks. 

1239
01:09:30,279 --> 01:09:34,600
Like it's really going to end up
being a lot of money if you can 

1240
01:09:34,600 --> 01:09:38,800
hold it long term. 
But the second one is always the

1241
01:09:38,800 --> 01:09:41,160
same that we always tell you. 
It's a game of accumulation. 

1242
01:09:41,319 --> 01:09:43,359
It doesn't matter what your 
stack is today. 

1243
01:09:43,359 --> 01:09:48,319
What matters is are you 
accumulating to that stack every

1244
01:09:48,319 --> 01:09:52,000
week, every month, every year? 
That's the game that really 

1245
01:09:52,000 --> 01:09:54,880
matters is are you continuing to
accumulate? 

1246
01:09:54,880 --> 01:09:58,360
So you should never be taking 
your foot off the gas, even if 

1247
01:09:58,360 --> 01:10:01,720
you go a long periods of time 
where life gets crazy and you 

1248
01:10:01,720 --> 01:10:05,680
can't stack Bitcoin, as long as 
you continuously save in 

1249
01:10:05,680 --> 01:10:09,160
Bitcoin. 
This is how you know you escape 

1250
01:10:09,160 --> 01:10:11,800
the rat race. 
This is how you achieve 

1251
01:10:11,800 --> 01:10:16,000
financial freedom. 
This is how you make sure that 

1252
01:10:16,000 --> 01:10:19,040
if there is some kind of 
dystopian future on the on the 

1253
01:10:19,040 --> 01:10:22,320
horizon, that you have money 
outside of the system. 

1254
01:10:22,320 --> 01:10:24,960
That's like the more kind of 
hardcore view of this. 

1255
01:10:25,680 --> 01:10:28,280
The simple view is like, you 
know, let's be happy for what 

1256
01:10:28,280 --> 01:10:30,480
you have. 
You might actually be in a much 

1257
01:10:30,480 --> 01:10:32,120
better place than you ever 
thought you were. 

1258
01:10:32,120 --> 01:10:35,160
When you really break it down 
into different kind of 

1259
01:10:35,160 --> 01:10:36,920
perspectives, different points 
of views. 

1260
01:10:37,280 --> 01:10:41,840
Like a lot of us, yes, we might 
not be 100 millionaire Ogs from 

1261
01:10:41,840 --> 01:10:47,120
2013, but in what, 15 years from
now, the stack that you have 

1262
01:10:47,120 --> 01:10:51,680
could potentially be a 
significant amount of money that

1263
01:10:51,680 --> 01:10:54,400
you need to protect. 
And you need to get more people 

1264
01:10:54,400 --> 01:10:57,840
kind of around you understanding
what they hold and continue to, 

1265
01:10:57,840 --> 01:11:00,560
you know, do your part to get 
more people holding Bitcoin. 

1266
01:11:00,560 --> 01:11:05,240
So anyways, that's that's all I 
got for them today. 

1267
01:11:06,360 --> 01:11:07,960
You want to add a little bit to 
this? 

1268
01:11:07,960 --> 01:11:11,160
So I remember being Waves. 
Yeah, agreed. 

1269
01:11:11,160 --> 01:11:14,480
How much Bitcoin could that 
Snickers get you in 1969? 

1270
01:11:16,120 --> 01:11:19,120
Well, Bitcoin was around, I'm 
guessing a lot. 

1271
01:11:19,600 --> 01:11:20,840
A lot. 
A lot. 

1272
01:11:22,080 --> 01:11:27,040
I mean, I don't have much to add
except for if this isn't your 

1273
01:11:27,040 --> 01:11:31,600
cue to keep stacking with the 
price going sideways like this 

1274
01:11:31,600 --> 01:11:36,240
with us, you know, having this 
expectation that Bitcoin is 

1275
01:11:36,240 --> 01:11:41,000
supposed to go up and it, you 
know, be supposed to be a bull 

1276
01:11:41,000 --> 01:11:43,440
run and it's not. 
You know that this should be 

1277
01:11:43,440 --> 01:11:46,680
your chance to just keep on 
stacking as much as you can as 

1278
01:11:46,880 --> 01:11:50,120
as much as things are getting 
much more expensive and like you

1279
01:11:50,120 --> 01:11:53,640
need to live. 
The sacrifices that you make 

1280
01:11:53,640 --> 01:11:58,200
today to buy Bitcoin will more 
than likely be worth it in the 

1281
01:11:58,200 --> 01:12:00,560
future. 
So just keep sacking, keep it in

1282
01:12:00,560 --> 01:12:04,040
self custody and you know, take 
it a day at a time, but do stay 

1283
01:12:04,040 --> 01:12:07,240
solvent, OK? 
This is not this is not 

1284
01:12:07,240 --> 01:12:11,200
financial advice. 
Oops, I'm I'm just pressing 

1285
01:12:11,200 --> 01:12:14,320
buttons over here. 
Yeah, you know, stack sat. 

1286
01:12:14,320 --> 01:12:17,760
Stay humble, stay solvent guys. 
Do not over leverage yourself. 

1287
01:12:18,000 --> 01:12:20,040
The name of the game is keeping 
your Bitcoin. 

1288
01:12:20,040 --> 01:12:22,720
So don't get caught up in the 
greed of trying to get more 

1289
01:12:22,720 --> 01:12:25,400
Bitcoin. 
The name of the game is keeping 

1290
01:12:25,400 --> 01:12:28,560
your Bitcoin so, you know, being
smart with your money. 

1291
01:12:28,560 --> 01:12:31,280
I, I, it's really, I mean, I've 
been saying this for a while, 

1292
01:12:31,280 --> 01:12:33,600
like it's not sexy. 
Like the Bitcoin message is 

1293
01:12:33,600 --> 01:12:35,760
really not that sexy. 
It's like, oh, just save some 

1294
01:12:35,760 --> 01:12:38,800
money and, you know, get rich 
slowly. 

1295
01:12:38,800 --> 01:12:42,880
Like, it's really not that sexy.
It's not giving Andrew Tate. 

1296
01:12:44,920 --> 01:12:49,040
It's giving stay at home and 
save. 

1297
01:12:49,040 --> 01:12:55,320
Save your shekels so that you 
can just live 10 years from now.

1298
01:12:55,480 --> 01:13:00,400
Yeah, it's really not that sexy.
It's like, oh, hey guys, how do 

1299
01:13:00,400 --> 01:13:04,120
we make financial, you know, 
smart financial planning sexy? 

1300
01:13:05,160 --> 01:13:08,120
You kind of can't you just stack
Bitcoin and hold it for the long

1301
01:13:08,120 --> 01:13:10,760
term and you're going to be good
to go anyways. 

1302
01:13:10,760 --> 01:13:13,960
Guys, we love you. 
We appreciate you. 

1303
01:13:14,960 --> 01:13:16,680
We wouldn't be here without you 
guys. 

1304
01:13:17,200 --> 01:13:19,480
Of course. 
We go live Monday through 

1305
01:13:19,480 --> 01:13:22,560
Friday, roughly 1230. 
You know, I'm gonna, I'm gonna 

1306
01:13:22,560 --> 01:13:25,360
keep blaming Sophie for the 
really late time here. 

1307
01:13:25,360 --> 01:13:27,120
You know, like we usually it's 
12:30. 

1308
01:13:27,120 --> 01:13:32,600
I know we start at 12:16, but we
are really on Latino female time

1309
01:13:32,600 --> 01:13:37,800
here for the for the foreseeable
future until Nico comes back and

1310
01:13:37,800 --> 01:13:40,760
then we're just simply on Latino
time, which will be 15 minutes 

1311
01:13:40,760 --> 01:13:43,880
late. 
OK, so you know, we'll blame 

1312
01:13:43,880 --> 01:13:45,360
Sophie. 
Actually, I'm taking no 

1313
01:13:45,360 --> 01:13:47,520
responsibility for this. 
It's all Sophie's fault. 

1314
01:13:47,800 --> 01:13:49,000
No, I'm just trolling. 
I'm trolling. 

1315
01:13:49,560 --> 01:13:52,640
It's partly my fault too. 
So actually I'll take full 

1316
01:13:52,640 --> 01:13:54,600
response. 
I'll take full accountability as

1317
01:13:54,600 --> 01:13:56,240
a male here. 
It is my fault we're starting 

1318
01:13:56,240 --> 01:13:57,240
late. 
OK, guys. 

1319
01:13:57,240 --> 01:14:00,080
So. 
Shutting up thing as a woman is 

1320
01:14:00,200 --> 01:14:02,640
really is really coming into my 
favor right now. 

1321
01:14:04,240 --> 01:14:09,040
All right guys, we love you guys
and we'll be back tomorrow. 

1322
01:14:09,360 --> 01:14:13,000
Have a good rest of your day. 
It's Monday, guys, lock in for 

1323
01:14:13,000 --> 01:14:15,000
the week. 
We're going to we're going to 

1324
01:14:15,000 --> 01:14:18,480
lock in here. 
Positive attitudes all week. 

1325
01:14:18,920 --> 01:14:21,760
I can't complain any. 
I'm not going to complain to 

1326
01:14:21,760 --> 01:14:26,200
Sophie locking in guys, it's 
October is still in play. 

1327
01:14:26,200 --> 01:14:29,120
All right, guys, on that note, 
we will see you tomorrow. 

1328
01:14:29,160 --> 01:14:30,440
Have a good rest of your day. 
Bye. 

1329
01:14:31,800 --> 01:14:35,160
Today's episode was brought to 
you by bitcoinwell.com, a 

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Bitcoin only platform on a 
mission to enable financial 

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independence.