Yo BlackRock CEO just released its annual 27 page letter to
investors and it made a mass Bitcoin prediction.
Larry Fink said that Bitcoin will take the dollar's global
reserve status if the US can't get its debt under control.
When Uncle Larry speaks, trillions of dollars of capital
take notice. Today we're going to be
explaining why the world's largest asset manager now
believes Bitcoin could actually threaten the US dollar.
Anyways guys, it's going to be an incredible show.
Joined me with me today as my legendary Co host who's always
optimistic optimist fields and of course we got D in the house
from quaint kite. We're going to be talking all
things point kite later on in the show.
All right, ladies and gentlemen, no more delay.
Let's jump straight into today's news.
So what are we even talking about?
I mean, even Senator Lummus, the Bitcoin senator has mentioned
this report and we're going to do a deep dive into, into the
report itself. So Senator Lemmon says reasons
to pass the Bitcoin Act and buy baby buy.
I love how she's like kind of copying the whole Trump drill,
baby drill, but paying it for Bitcoin.
Buy baby, buy #1 the Bitcoin Act will help America get our debt
under control #2 only one nation will have the juice to own
enough Bitcoin to underpin its currency as the as the world's
reserve currency or dollar. Whatever.
The clock and next block are ticking.
Let's go. I love how she has like the
Bitcoin lingo in her post. It's super, super fitting.
So what is she referencing? She's referencing this BlackRock
report that actually just dropped, and we're going to
check it out. Here it is.
The name of the report is the Democratization of Investing.
And on page 20 of this report from the report itself, Opti, if
you could drop it in the live chat, it'd be great.
Can Bitcoin eat away at the US dollar's reserve status?
The US has benefited from the dollar serving as the world's
reserve currency for decades. That's not guaranteed to last
forever. The national debt has grown at
three times the pace of GDP since Times Square debt clock.
The Times Square debt clock started ticking in 1989.
This year, interest payments will surpass $952 billion,
exceeding defense spending by 20-30.
Mandatory government spending and debt service will consume
all federal revenue, creating a permanent deficit.
If the US doesn't get its debt under control, its deficits keep
ballooning. America risks losing that
position to digital assets like Bitcoin.
That is very, very interesting. I mean, from a Bitcoiners
perspective, I mean, isn't that the goal, right?
Is the goal is, you know, we want Bitcoin to be the world
reserve currency. We want Bitcoin to be the most
used currency in the world. But at the same time, it's like,
it's it's interesting, man, Like, like Bitcoiners are in the
room in DC. You know, obviously we're having
influence on policy and it seems like the agreement right now
there is, I remember Howard Leupnik, who's now commerce
secretary. He's like, look, as long as
Bitcoin isn't a currency and it's a commodity, it's not a
problem, right? But if it's seen as a currency,
you know it it will be a problem with the politicians.
That's how that's how Howard Leupnik framed it.
That was on Poms podcast, You know, so right now it seems
like, you know, both sides essentially could play fair if
they stay in each other's lanes, right?
Bitcoin, you know, remains this super commodity that also has
money like features and functions and characteristics.
And then the US dollar can continue being the world's like
transaction currency. And they're using a lot of the
whole stablecoin thing to, you know, essentially export the US
dollar, the US the the use of the US dollar worldwide.
So, but it's interesting that BlackRock is basically saying,
look, it doesn't matter how much you export the dollar using
stable coins, it doesn't matter. You know what you guys do,
unless you guys get these deficits under control, you
know, it's an inevitability that something will take the dollar's
place. Now, if you are to believe what
Larry Leopard or like Lynn Alden, you want to believe what
they're saying. And CJ, we're actually going to
be dropping that clip for you guys in a couple days, if you
are to believe what they're saying.
To use Lynn's own words, there is no stopping this train.
Even with Doge going in there and cutting government spending,
you can't stop. Like, the deficit is so crazy,
right? So even if Elon gets his
targeted cut of $1 trillion, the US is still deficit spending
like 2 trillion a year, right? And just to kind of give you
guys a perspective of how much money that is, the total GDP of
El Salvador is $32 billion. So the US government spends 1 to
2 trillion more than it collects in tax revenue every single
year. And the way that it does that is
by printing the difference. So anyhow, here's the Forbes
article that's covering the whole thing that happened with
BlackRock releasing this report and says, quote, a safer bet.
BlackRock CEO issues huge $952 billion Bitcoin price warning to
the US dollar. That's not a YouTube title, that
is a Forbes article. Ladies and gentlemen.
Bitcoin has surged over the last year, with the Bitcoin price
soaring to record highs as a perfect storm of Washington DC
and Wall Street collide. The Bitcoin prices drop back
from its peak of $110,000 per Bitcoin reached in January ahead
of U.S. President Donald Trump's return
to the White House. Now is top traders bet on
looming Federal Reserve flip The chief executive of the world's
largest asset manager, BlackRock, has warmed Bitcoin
could be eating away at the US dollar's world reserve currency
status quote. The US has benefited from the
dollar serving as the world's reserve currency for decades,
but that's not guaranteed to last forever.
By 20-30, mandatory government spending and debt service will
consume all federal revenue, creating a permanent deficit if
the US doesn't get its debt under control.
If deficits keep looming, ballooning, America risks losing
position digital assets like Bitcoin.
U.S. debt has soared over recent years, topping 34 trillion at
the beginning of 2024 before climbing over 35 trillion just a
year later. With COVID era stimulus measures
contributing to massive government spending and helping
to send inflation spiraling out of control.
In 2022, inflation of over 10% forced the Federal Reserve to
hike interest rates at a historical clip, pushing up debt
interest payments and fueling fears of a debt spiral.
Quote. To be clear, I'm obviously not
anti digital assets, Fink wrote, pointing to his plan to
democratize access to finance and markets with crypto
technology. But two things can be true at
the same time. Decentralized finance is an
extraordinary innovation. It makes markets faster,
cheaper, and more transparent. Yet that same innovation could
undermine America's economic advantage if investors begin
seeing Bitcoin as a safer bet than the dollar thinks.
Warnings echoes similar sentiment expressed by the likes
of Tesla billionaire Elon Musk, who last month called the
climbing U.S. debt clock terrifying and last year
repeatedly warned of U.S. financial collapse while on the
campaign trail for Trump. It goes on to say earlier this
month month Fink warned Trump's trade policies will see a return
of inflation, dampening expectations the Federal Reserve
will cut interest rates through 2025 and invoking the specter of
stagflation characterized by an economic slowdown coupled with
spiraling price rises. Anyway, so I'm going to open it
up to the to the panel. This is crazy.
It, it, it's, it's so nuts. I mean, it's like 2 trains going
at full speed. And the article like about on
the verge of colliding with each other reminds me of this article
by Alex Gladstein called Bitcoin is a Trojan horse for freedom.
And now what's really interesting about that article
is essentially Alex Gladstein was making the case back in like
2021. Like it was a long time ago.
It was like 2. It was like 3-4 years ago.
He was making the case that essentially governments,
institutions wouldn't be able to resist bitcoins number go up
technology and they want to benefit from it, but at the same
time they essentially want to disconnect the freedom enabling
technology from the number go up technology, not realizing that
both that those technologies are inextricably linked.
You cannot disconnect the two. So it's just really interesting
to me. BlackRock is making a fortune
offering these Bitcoin spot ETFs, but simultaneously they
see the writing on the wall and they see listen.
With current US deficit spending, this is unsustainable
and when people start losing confidence in mass.
By the way, that is the definition of hyperinflation.
Hyperinflation doesn't happen because they just print money
into oblivion. Hyperinflation happens when
there's this mass consciousness awakening of people losing
confidence in the currency and they all start to try to get rid
of it at the same time. That's why, you know, it starts
to devalue in a, in a very epic and very rapid fashion.
So I mean, I think everyone's starting to see it, not only in
the corners of Bitcoin Twitter, not only in the corners of, you
know, the, the, you know, the economic Twitter now it's
seeping into mainstream consciousness that the US
government spending is completely unsustainable.
And by 20-30, just the interest payments alone like that is
absolutely nuts. So I agree with Lynn, you know,
nothing stops this train. But as Senator Lummus pointed
out, I think she has a really, really good point.
I think that, you know, the Bitcoin Act could potentially be
a way to get America's debt under control if the US
government starts using its money printer to buy something
that has absolute scarcity. Michael Saylor, when he made his
presentation for the BPI Summit, he was making space.
Look, if the US government, you know, buys 5 percent, 10% of the
Bitcoin supply by 2040, it's going to be able to pay off its
debt and then some, right? So anyhow, I'm going to open it
up. Opti, what do you think?
What are you thinking? Man?
This is pretty crazy. This is pretty nuts.
Larry Fink is basically saying, look, if the US keeps going the
way it's going, Bitcoin is going to become the global reserve
currency. I mean, he's admitting to it.
Well, I find it hilarious, you know, for a while that we were
all talking about like, does Larry Fink actually believe in
Bitcoin? And now he's bull posting to all
his shareholders right now. It's like, hey, look, I am not,
you know, he's basically saying like, I'm not endorsing this
idea, but this is where it is going.
And it is kind of incredible that we're seeing Larry Fink say
basically what all of us bit corners have been saying for a
long time, that the US debt is getting out of control.
And part of that is you know that the, the interest payments
on this debt are about to surpass the money we spend on
from the military industrial complex.
Like if you don't understand what that means, that's insane.
We, we are going to be paying more money on just the interest
to our debt payments. Then all of the war machine
that, that we pay, which is still the biggest one in the
world. Like if you don't understand
that this is not financially sustainable, I, it's really hard
for, for me to understand what you're seeing and not seeing
because look, he's saying what we've been saying for a long,
long time. the US has a spending problem.
We have way too much debt, yeah. And there's no way to get out of
this debt except for either one transitioning to a new system,
AKA Bitcoin or some kind of debt jubilee and, you know,
refinancing of this debt hyperinflationary scenario.
Like one of those is the only way that seems, you know, better
for US average everyday people. And the other one is probably
going to be very catastrophic here.
And I'd much rather see all that wealth going to Bitcoin.
But you're starting to see that, hey, if Larry Fink is out here
bull posting or rather doom posting about the debt payments,
it's probably something you should take notice of.
And I'm guessing that not only all the BlackRock shareholders,
but every institutional capital manager right now is looking at
this report and being like, OK, I need to have as sailors as a
Bitcoin strategy. Or at the very least, I can't
just be saying that, oh, this Bitcoin thing isn't going to
catch on because it's very clearly catching on.
Though there is something that I do want to talk about that
wasn't so bullish in my opinion. Larry Fink in this report also
went down the tokenization of all things in there.
And that's why he's super bullish on, you know, Bitcoin,
crypto, block chains, etcetera. You know, just just something to
keep an eye on. I mean to to give him a get out
of jail free card, right? Like you know, he is an older
gentleman and I think most people that get into Bitcoin
start altcoin in first, right? You know, like all roads
eventually lead to to Bitcoin. Anyways.
We do have D in the house. D is from Coin Kite.
We just recently partnered up with them.
They make the hardware wallets in the industry.
I'm holding the Q in my hand, the cold card Q.
It's absolutely awesome. It's my daily driver, incredibly
easy to use, has the whole A-Z cube keyboard and stuff.
It's dope, but it has all the benefits of cold storage.
Anyways, Dee, thank you so much for joining us today.
A world are we living in, bro. What the F is going on right?
6. Ago we thought we were all going
to prison. Now the president of the United
States is talking about a strategic Bitcoin reserve.
Larry Fink is saying, listen, it's inevitable Bitcoin becomes
the global reserve currency. Like, what world is this?
I mean, this is all happening. We all knew this was going to
happen as Bitcoiners, but we had no no idea it was going to
happen this quickly. D What are your?
Thoughts. Yeah, yeah, it's ramping up a
lot quicker than I think a lot of people are anticipating and a
lot of people are changing their minds about it, right.
And Bitcoin's definitely that Trojan horse that is going to
take over the legacy system. They can, they can try and pay
down the debt with it. I mean, you know, good luck to
them. But I think in the end, it's not
going to work. All Fiat currencies die
eventually and there's only one deflationary currency and that's
Bitcoin. You know, that's, that's the
most important part about it. And I, I think, I think people
really are waking up to that. And even even the big guys,
right? Obviously, one thing that that I
really advocate for compared to Larry is self custody.
And I think it's really important to own your own money
so that you don't have to ask permission from anyone.
And, and a lot of people are buying these ETFs, They're
buying stocks. They're still kind of stuck in
that Fiat legacy system. It's a, it's, it's a trail like
it's, you know, they're, they're starting their journey.
I don't, I don't, I don't, I think it's a good thing that
they're at least buying or having some exposure to Bitcoin.
But you know, nothing beats real spot Bitcoin in your own
custody. And I think people are slowly
going to realize that either via trial by trial by fire, where
they get burned and and they say, please give me my Bitcoin
back and they don't or, or they just figure it on their own
before that happens. But yeah, Bitcoin's a huge black
hole. And again, you know, there'll be
a time when there's no, there's no, there's no Fiat legacy
system to, to, to value your Bitcoin in.
It will just be, it will just be Bitcoin.
It won't be, oh, Bitcoin's worth $956 billion.
It'll just be, you know, this is how much sats something will
cost, right? So, yeah, that's kind of my
initial thoughts there. And I think everyone is waking
up and it's just, it's just happening a lot faster than I
think a lot of people anticipate.
Yeah, 100%. I I also want to focus on
something you you buried the lead D there, what you were
saying, which is people, people still not people still have not
woken up to the power of self custody and the importance of
self custody. And what I think I've been
seeing really like these last couple of these last couple like
6-7 months, and I don't want to name any names, but there's been
very predominant Bitcoiners that have essentially been like, hey,
you know what, I'm actually just going to buy the ETF, right?
And if you talk about the essentially the centralization
of the custody of all this Bitcoin, it's absurd, right?
Like if you add up Michael Saylor's stash versus all the
ETF stash, I think it's only 1 ETFI think it's only Fidelity
that is actually taking custody. The rest of them have it with
Coinbase, right? So that is a lot.
That's a big ass honeypot. That's a very, very big
honeypot. It's asking for people and it
creates a lot of other, a lot of other potential problems as
well. What are they?
Rehypothecation selling paper Bitcoin, the potential for an
upcoming 61O2. I mean it's it doesn't take like
it's just common sense. Like if Larry Fink is basically
saying, look, the US might default and its current
trajectory and Bitcoin might take its place. the US
government has found itself in a very similar position back in
the 1930s. Like people forget the six one O
2 order was kind of justified in the eyes of the state because of
the Great Depression, right? Like a lot of people were
hurting. So what do you think is going to
happen if in by 20-30 the US potentially defaults, brings the
economy down with it and they have a giant honeypot and they
have a monopoly on violence, They have the power of the
state. What do you think is going to
happen to all that Bitcoin, right?
Like, I mean, there, there is a historical precedent for this.
Like this isn't just us speculating, us talking about
it. So I think it's never been as
important than it is today to really become a sovereign
individual and learn how to take self custody.
In the process of learning to take self custody, you, you,
you, you reclaim your financial sovereignty.
And unlike gold, that limits what you can do with it because
of its physical characteristics. Bitcoins physical
characteristics essentially allow you to theoretically, if
you're in a pickle, store 1,000,000 billions and trillions
of dollars in your mind by memorizing 12 words.
I don't recommend that. Get one of these instead.
But if you're in a pickle, you know it could it could get you
out of a pickle, right? It can get you out of a pickle
opt. And, and I, I do want to add
something because I did bring up the tokenization of all things.
And if you don't think that we're just paranoid bitcoiners,
Larry Fink even said it it himself in this report that part
of this tokenization of all things, one thing they have to
figure out is digital identities.
So you know, the, the, it's coming down the pipeline guys,
you want to custody your Bitcoin?
This is the only way, or else we might be in some digital
dystopia that we really don't. I don't want to be in so
custody. Your own Bitcoin.
Take it off the exchanges, hold it yourself in cold storage.
This is the only way a. 100% Go ahead, Dee.
No, I was going to say something to add to that too, is some
people think it's a little complicated to self custody and
it's new. It's, it's, it's like learning,
maybe not learning a new language, but it's like learning
how to drive, right? You don't just jump on the
freeway immediately after you hit you get in the car.
No, you go in some back roads with your parents and you help
people or you, you get someone to help you and teach you or you
go to YouTube and you go to BTC sessions and he can help you,
right? You can, you can use $5 worth of
Bitcoin and just learn how to send and receive your Bitcoin
before, before putting hundreds, thousands, millions of dollars
on these devices, right? It's, it seems complicated at
1st and it's scary just like a lot of things.
But it's, you know, Bitcoin is like a responsibility go up
technology, I like to say. And you really got to learn and
take the time to, to, to understand what you're doing,
right. Obviously, if you, like I said,
you just get in a car and you hop on the freeway, yeah, you,
maybe you get in an accident, right?
But if you, you go on some back roads or you, you go in a
private, private driveway, you know, like, like you, you, you
take it one step at a time. You, you don't put all your
funds in at once. And, and you learn, right?
You, you learn how to use these devices and learn how to take
self sovereignty seriously. So you know, it, it's just one
step at a time. And I think people just miss
that and then they get overwhelmed and then they're
like, no, I'm just going to buy the ETF instead because I don't
know how to do this right. So I think everyone can do it.
Everyone can learn and it just takes time, you know, do an
hour's worth of research, take, take another hour, whatever it
takes. It's, it's, it's it just learn
at your own pace and, and, and you'll get there, right?
We were all, we were all noobs. We were all there at one point
and and now we're here. We've learned and we've now
we're here helping other people, right?
Beautiful, Beautifully, beautifully, beautifully said
guys. We're going to be talking about
the cold card during the culture segment today.
One of the best or the best Bitcoin hardware wallets on the
market right now. Bitcoin only coinkite's been
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We are big fans of it personally here at simply Bitcoin.
But before we get into all that, and we have a jam packed show
for you guys as well, Sailor continues to try to buy all the
corn stocked, bought 22,000, Bitcoin 22,000 and he spent like
$2 billion or something like that.
Absolutely crazy. Elon Musk said the quiet part
out loud talking about shifting the Overton window.
Elon has said and the in bed words are his, not mine.
So we have the clip of that for you guys.
We're going to be discussing it and then we're going to be
talking about this current cycle.
I think what's on everybody's mind, if you compare 20/21/2017
2013 right now, we should be at $200,000 per coin or we should
be at $150,000 per coin. I don't know what's going on.
I don't know what's happening. So we're going to be talking
about all of those things guys, it's going to be a jam packed
show. You guys don't want to stick
around. But before we jump into it, I do
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today all right everybody, we are back.
I do want to give a shout out to the live stream 1000 live
viewers across all platforms almost 5 and I think we already
broke 500 live viewers on YouTube alone and of course,
shout out to the most hardcore audience in the world, the
rumble chat absolutely crapping on me and Opti every single
episode. You guys are enjoying the show
so far. Make sure to smash that like
button. I believe on YouTube we already
broke 100 likes. Yes, we're at 120 likes on
YouTube. Help us break 200 likes by the
end of today's show 250 likes so smash that like button The 500
you guys that are watching live on YouTube really really helps
with the algos and pushing this message forward At the time of
recording the Bitcoin price is 83,000 optic.
Can you put up my volume $83,300 block height 890,280 sats per
dollar 1200 market cap 1.65 trillion Bitcoin versus gold
market cap 7.52% percentage issued 94.49% decline from all
all time high -23.7%. If you're buying Bitcoin right
now, you're getting a 23% discount.
When Bitcoin reached all time highs in January, the SPR wasn't
true. It wasn't happening right.
We peaked at 109,000 and the SPR was just a rumor It was a
speculation, but it wasn't real realized monetary inflation
.89%. I remember when me and Opti
started covering that number. It wasn't like the two or three.
It's crazy, right? And it's going to go down
forever. Anyhow.
There is a video of Elon Musk. I believe he is, he's he's
campaigning right now. There's a very important
election that's happening in Wisconsin to determine which
judge is it going to be a conservative judge or liberal
judge that's going to be on the Supreme Court in Wisconsin.
And Elon is essentially campaigning over there.
He's like offering people like $1,000,000 if they just vote and
etcetera. But someone in the crowd asked
him something, which was really interesting.
And we've been making the case for you guys for a long time now
about the importance of the Overton window and how all roads
lead to Bitcoin, all roads lead to the Federal Reserve.
Like if if you were to just start asking questions like, why
is this happening in society? Why are things getting more
expensive? Why is why is the why is the
moral of moral decay of society happening?
If you look for the root cause of all that it is broken money,
it is inflation. And if and if you want to see
what is the cause? Where is this coming from?
It's coming from the central banks.
It's coming from the Federal Reserve.
What the F happened in 1971? What happened in 1913?
Why was the income tax established the same year that
the central bank established? Why was all are the all these
things coincidences? People are awakening, people are
coming to that realization and that Overton window is shifting.
That's why you see them talking about Fort Knox.
That's why you see them talking about the Federal Reserve.
This is great because 10 years from now, right, that political
momentum that I've, I've told you guys this quote multiple
times, right, That politics is downstream from culture.
It will be mainstream. Like the the whole idea of
questioning the Federal Reserve, it won't be on the hinges.
They will be in the mainstream. People will be like, you know,
there's something wrong here. I'm hurting.
How come I'm not wealthier than my parents?
Society as a whole has gotten wealthier.
But why? Why can't I get ahead?
What's going on here? Anyhow, I have a clip for you
guys. Let's play it and then we'll
talk about it. Half of America for the idiots
you have to deal with for what you're doing for us to improve
our country. Second of all, my question is
what is your opinion on the Federal Reserve and do you have
any intentions of doing anything with them and the Fed?
Yeah, I don't know. I always wanted to say that, you
know, but, but I mean, I think that's like 20,000 people that
work at the Fed seems pretty high.
In fact, there's a lot of people who work with the Fed on us
things like why do we have so many people at this at the Fed
and what do they do? And you know, sometimes I wonder
which one would win, you know, the federal for interest rates,
the, the federal, the board of the Federal Reserve or a Magic 8
ball. And I'm like, I think the Magic
8 ball might win, you know, So then I'm like, well, Magic 8
ball is a lot cheaper. So, you know, it's like you
shake it, it says check back again later.
I'm like, OK, same thing. But, but I think we, we, we, we,
we, what really matters is that the government spending is, is
not far in excess of government revenue.
That's a fundamental issue that we have where the, we have a, a
deficit of $2 trillion and we have interest payments that now
exceed the entire budget of the military.
In fact, that that was a big wake up call for me was when
the, the amount of money that we're paying national debt
interest exceeded the Defense Department budget.
I'm like, Defense Department budget is very big and interest
is higher than that and, and, and climbing.
That's a disaster, you know, So the, the very simple,
straightforward goal of, of the doge team is to get rid of waste
and forward it's, it's mostly waste.
It's it's or depending on how you know, I'd say it's probably
80% waste 20%. So again, what you're seeing is
the Overton window shifting, right?
The acceptable window of discourse.
It's shifting. People are asking the question.
It's interesting too, because Elon, he didn't say it directly,
right? But he somehow connected,
someone asked him what are you going to do about the Federal
Reserve? And somehow that ended up being
a pitch towards doge and the wasteful spending, right?
So why is the government able to essentially deficit spend in the
1st place? Because it's able to print
money, right? That that's the root cause.
And essentially, even if Elon does what he aims to do and cuts
the deficit, we're just one popularity contest away from all
of that being reversed. The root problem here is not the
irresponsibility of government. The root problem is the
government's ability to create money out of thin air that the
rest of us have to work for. That's the root problem.
No one should have that power. And we didn't sign up for that.
We didn't agree to that, so we have to end that.
And by the way, this has not been around for a very long
time. This has only been around the
United States since 1971. That's when the Fiat money
experiment started. But this problem has been
happening since like the Roman times.
In the Roman era is essentially in the beginning of the the
Roman Republic before it transitioned to an empire.
If you see the amount of silver per coin, it was called the Lake
Dinaris or something. It was like a very high
percentage. At the end of the Roman Empire,
the percentage was like .00000 something.
You can make a very strong case that one of the reasons as to
why the Roman Empire fell and degraded the way it did was that
they inflated the money supply, just like is happening here in
the United States. The only fundamental difference
I think is that now we have the ability to pivot as a society,
as an individual. It's mostly as an individual.
We have the ability to pivot as individuals to sound money that
nobody can debase. You cannot change the monetary
policy of Bitcoin. It protects you and I would say
it protects you from the collective was very strong, but
I'm going to say it. So, yeah, I mean, it's very
interesting. And then just connect what Elon
was saying with what we were talking about during the intro
about what Larry Fink was admitting about the United
States, like unsustainable fiscal trajectory.
Elon was just talking about it just now about like just the
interest alone that we're paying on a yearly basis, the United
States is paying on a yearly basis is actually outpacing the
amount of money that's spent on the military, right?
So just connect the dots. All the dots are there for you
to be connected. I guess we're connecting the
dots for everybody. I don't know, Opti, what do you
think? This is nuts, bro.
This is crazy. He's saying and the Fed and when
he when he was asked about the Fed, it was a pitch on
unsustainable spending and it was a pitch on doge.
Do you think Elon knows? Do you think Elon knows?
He definitely knows and and like going further, like he
definitely knows how or what the solution to all this is.
We all know Tesla still holds Bitcoin like I think he is.
He's he's playing very coy right now.
I think with as as everyone in the chat is trolling us, say
Overton window one more time, Nico.
He's playing very coy with the what?
You should put me on the like a sound board over to the window.
Well, it's interesting and like guys, you, you know, I've been
pretty critical of MUSS for the last couple of weeks, but there
is a lot of things that I do like MUSS doing right now.
Obviously eliminating weights with Doge is great if Doge
somehow is capable. I don't, I don't know the
technicalities of politics here, but if Doge is somehow able to
end the Fed, Yeah. So.
They're going to need Congress, man, and there, there's no way
there's that. Yep, it's an amendment, I
believe, and I might be wrong here, but like it's incredibly
difficult to to just reverse that man.
They're going to have a difficult time.
It's going to be a hard cookie. Well, as long as Musk continues
to shift the Overton window here and talk about ending the Fed
and it's kind of getting out of our echo chambers of just being,
you know, like a Ron Paul libertarian thing.
And now we're seeing it's kind of coming out from, you know,
some people might argue that Musk is the shadow president
here. So now it's officially coming
out of the Trump administration that they want to end the Fed.
I'm kind of OK with this. I I kind of like this kind of
rhetoric here. Yeah.
Anyhow, I'm going to pass it on to Dee.
Dee Dee's a bitcoiner, so Dee knows these things.
He's thought about these things. Dee, what are your thoughts on
this man? It, it, it does.
My question to you is, does Elon know?
Does Elon? Because it's interesting that
what are you going to do about the Fed?
And then he ends up talking about irresponsible, you know,
deficit spending and he ends up pitching doge.
So like in his mind, there must have been some type of
connection to end up there when you're asked the question about
the Fed. Dee, what are your thoughts?
Yeah, Yeah, I think Elon is secretly in the know, right, As
a lot of people are and nation States and, and, and people that
want to accumulate for cheap. He loves to meme, he loves to
divert or, you know, deflect in a way.
Doge is even named after that that shit coin, right.
So I think he knows, right? I think, I think he's aware and,
and he's accumulating either personally or, or whatever.
And, and that's what they want, right?
They want you not to know so that they can accumulate more
for themselves. That's kind of the the
interesting thing about Bitcoin and these big, these big
billionaires, because they want, they know what, what the future
looks like. And they know that if they start
tweeting about it or talking about it frequently, more people
are gonna think about it, talk about it, buy it and, you know,
number go up, right. So it's, it's kind of like
they're trying to delay it potentially where they want to
accumulate a lot. They want to take that time.
They want a few years to, to get their coffers full and then
they'll talk about it. And then they'll start going on
campaigns about Bitcoin and, and sound money and then the Fed
and, and, and what the solutions are, right?
That's kind of my, my stance there.
I mean, obviously, I don't know for certain, right?
It's just a hunch, but I think a lot of people are and, and a lot
of influential people are accumulating.
They just don't want to talk about it because they want more
a. 100% I I 100% agree with that take.
Anyways, I do like what Opti did on the Friday show with the
change up. I I I like the whole culture
news bit. What do you think, Opti?
I don't know. Our numbers are doing pretty
good right now. I wanna, I wanna, I wanna, I
wanna do that. Let, let's let we're going to
change it up a little bit. We're going to be talking about
the cold card self custody. And then towards the end of the
show, we're going to be talking, we're going to be comparing the
different cycles, like kind of just having a discussion on
that. What Bitcoin's four year CAGAR
is at historic lows, which I find interesting and quick
updates. Eric Trump, this, the President
Trump's president has joined it. They're part, they're going to
partner with HUD 8. I believe HUD 8 is a publicly
traded Bitcoin miner, which I find interesting.
A MicroStrategy continues to prove that you know they're
essentially beating everyone because of their Bitcoin
strategy so we're going to be talking it's going to be an
interesting discussion during the news segment but first we're
going to be talking about all things coin kite, all things
cold card, the importance of self custody during the culture
segment. So I'm going to change it up
because Opti changed it up on Friday and I liked how that was.
There's a little bit of a change up.
We're going to be doing this from now on.
We're going to be doing news culture, just add more dynamism
to today's show. So lots of content, lots of
stuff to get to. But before we jump into it, I
want to give a shout out to the live stream.
Shout out to the more than 1000 of you guys watching live
between YouTube and X, and shout out to the almost 100 of you
guys watching live on Rumble. If you guys are enjoying the
show so far, make sure to smash that like button on YouTube.
There's 165 likes, help us break 200 likes and then 250 likes.
So guys smash that like button. We will be right back.
We're going to hit the culture segment.
I want to give a shout out to our partner Hive Digital
Technologies. As the first ever public miner,
Hive's position to quadruple their global footprint in 2025
and as the first with an AI strategy, Hive continues to make
moves in sustainable high performance computing.
They consistently topped the industry in Bitcoin mine, per
Exahash, and now they're headquartered in the USA.
They're lean and mean, they're green and clean, and they're
changing the game. You can catch the latest buzz by
following them at Hive Digital Tech or check out their website
at Hive digitaltech.com. I want to give a shout out to
our partner coin kite. If you take your Bitcoin
security seriously, you'll need the best Bitcoin hardware wallet
on the market to take self custody.
That's where cold card comes in The cold card queue is the most
advanced Bitcoin signing device ever made.
It's got a full keyboard, larger screen and NFC support, making
air gap signing easier than ever.
It's built for power users who want the ultimate security
without sacrificing usability. And if you're looking for a
battle tested on compromising cold storage, the Cold Card MK4
is your go to. With PSBT signing an industrial
grade secure element and USBC, it's the perfect blend of
security and convenience. Both devices are of course, 100%
Bitcoin only open source and built by Bitcoiners for
Bitcoiners. Secure your Bitcoin the right
way with the Cold Card queue and the MK4.
Head over to coldcard.com today and use promo code simply to get
5% off anything on the store. All right, everybody in my hand,
I'm holding the cold card queue. Like I said, incredibly easy to
use, but it doesn't sacrifice security in the process.
Completely open source has secure elements.
We're going to be asking the all these questions in about a
second or so. Scan the QR code on your screen.
Right now you get 5% off anything on the Coin Kite store.
Head over to coinkite.com today, use our link in the video
description scan the QR code. Anyways, I do want to bring up D
back on stage. So D mean super excited to
partner up with you guys been a big fan of a coinkite for a
while now. You guys have two main hardware
wallets. Big big fan of both.
You have the MK4 and the the cold card queue right?
The cold card queue again. Hey, don't forget the open
Dimes. The open Dimes are dope.
The block clock is dope. I have AI, have AI have a block
clock. But yeah, go, go to the block
clock because the block clock is super cool.
Yeah. So yes, a lot of products, but I
I think everyone should have a block clock in their homes.
I think it's like a rite of passage as a bitcoiner at this
point. And essentially what it is, it's
just it's a physical device, right?
Look, it's pretty it's like this size and essentially it changes
with if the if the block you could set it, it's customizable,
right? So if you know the price of
Bitcoin goes up, you know, show you the latest price of Bitcoin
should just show you the latest, you know, SAT's per dollar or
Moscow time, the market cap block high, anything you want,
you could put it there. It's customizable.
It's about this size. And I was so curious too, Dee,
what would happen to the block clock when we went over 100K And
essentially, yeah, I think you guys just got rid of the dollar
and it was just like, it was like 100.
That's right. What are you guys gonna do when
it goes to like a million? You gotta buy a new one.
You guys gotta make.
An extended block clock. Well, something that you can
also look into is, you know, we have other currencies besides
the dollar on there, right? So check it out in in Japanese
yen or, or or something like that that have a higher
denomination and and you'll find out, right.
So OK, that's right. Yeah, it's not just U.S. dollar.
So, yeah, I think those are really cool.
Obviously those aren't our our security cold storage device.
It's more of a fun Bitcoin product that you can display all
your all your units of whatever you want to want to display on
there. All the currencies or yes, the
Bitcoin price, whatever currency you want, block height, things
like that, we also offer. Yeah, go ahead.
So let's talk about, let's talk about the two hardware wallets
that you guys offer, right? It was the Q and the MK4.
What are the difference between the two?
Yeah, for sure. So they both have the same
security, meaning that they both have two secure elements that
basically keep everyone out. You basically they're basically
impenetrable. These two secure elements are
from two different manufacturers as well as our MCU board.
That's what you'd have to breakthrough basically 3 layers
to even try and crack the pin to get into the device.
And the the differences are the Q is kind of an upgraded version
where it has that, that that full QWERTY keyboard, it has AQR
code scanner, it has, you know, upgraded NFC, things like that.
So both devices are fantastic and highly recommend both.
You know, I sometimes like the MK4 because it's a little
slimmer. It can fit in your pocket.
It's not as bulky, right? The queue has that QR function
where you can scan nunchuck or or Sparrow to assign a
transaction and then you can show it to your show it to your
screen. And then basically import that
PSBT, which is a partially signed Bitcoin transaction and
broadcast that if you want. There's just plenty of options
and just more of an upgraded MK4 same security.
So nothing like that where Oh no, I I need to upgrade because
I I want better security. Still same security, still a
rock solid castle to to store your Bitcoin.
So let's talk about the so OK, so you mention a lot of things
there, right. So let's try to pack them.
So can you talk, can you talk to us a little bit about what, what
do you mean about the secure element?
So you have two different manufacturers.
What does that mean? Yeah.
And then why? Why should?
Why should someone like what, what is the purpose of buying
this? Right, right.
Like like you, let's say you have Bitcoin, let's say you have
it on exchange, like why should you buy?
You know, why should you spend a couple $100 on, you know, on MQ
or an MK4? Of course, yes.
So basically a hardware wallet or a cold card Q or MK4 is like
a Swiss bank account in your pocket.
It has military grade security where basically you cannot get
into this device, you know, like it, it the, the, the, the reason
why you want something that someone can't get into is so
that you, you can't be hacked or you can't have your funds
stolen, obviously. So having the, the top, top of
the line secure elements helps you do that.
Think of it like a, a black box or like a labyrinth where
there's a a billion paths and you have to figure out how to
get through that labyrinth to, to infiltrate that device.
These, these, these secure elements help you do that.
And the fact that there's two from two different manufacturers
aids in that, where instead of just one, you need to
breakthrough 2 plus the MCU. So basically just stacking
security on top of each other, making sure that your Bitcoin is
is as secure as possible. Gotcha.
And then let me ask you something else too, right?
So, OK, so there's a bunch of different ways to sign a
transaction with these, right? There's the the SD card, there's
the QR signer, which I think is some one of the easiest in my
opinion. Then there's NFC which is
essentially tap. If you guys have ever gone to
like proof of stale proof. If you ever like a 711, you're
trying to pay for something and you want your iPhone, Apple,
that's NFC. And then there's the USBC.
If I sign a transaction using USBC, is that insecure?
So I would say it's still very secure, but it is less secure,
right. So think of it like the USB
stack has more vulnerabilities to it.
If you, if you sign something via USB, it's not the end of the
world. But it is less secure than
scanning AQR code, right? You, you wanna be able to read
what you're signing and by by scanning AQR code or, or, or
importing it via SD card, you know exactly what you're
signing. And even on the queue screen and
even on the MK4 screen before you sign anything, it says where
is where are you sending this Bitcoin to?
Here's the address. How much are you sending and
what's the fee rate and the change address and all those
things. So that shows up on a screen and
on the cold card screen so that you're, so that you're ensuring
that you're signing what you want to sign, right.
If it says, hey, I'm signing all your Bitcoin away to this random
address that I don't know, then hey, maybe I'm not going to sign
that message, right? So it's really.
Important to have that. What are the vulnerabilities
with like USBC signing? Because I feel like that is like
the, the majority of people are using a hardware wallet, right?
They're not using SD cards, they're not using NFC, they're
not using, they're using USB, like USB whatever to plug in
their hardware wallet. Like what are the
vulnerabilities there? Is it a vulnerability on the
device itself? If you plug in the device into a
computer, is that potential like the computer?
Is it uploading malware into device?
What are the actual vulnerabilities there?
Yeah, it's more like, say your computer was compromised and you
now have a direct, Direct Line between you and your offline
device, right? We have a we have a, a, a saying
or a phrase called air gaps in, in in Bitcoin where you do not
want a Direct Line like that connecting your device to your
computer. It's not like the device will
actually ever give up any important information.
There's no been no evidence of that ever.
But in the future that could possibly be a thing, right?
Security is a moving goal post and there are consistent
upgrades and malicious things that people do to computers and
devices to grab what they want, which is your Bitcoin.
So having having that layer or that defense of of air gaps
where you don't have a direct connection into your computer is
extremely important just to kind of future, future proof
yourself, right? It's not that you will get
hacked or that will happen, but just just being prepared is is
always better than than not right?
Gotcha. And what differentiates yourself
compared to other hardware wallet manufacturers?
Like why should people trust you guys?
Like why? Why should people get a cold
card compared to, you know, all the other manufacturers that are
out there? Yeah, we, we have a saying that
don't trust verify. So you don't need to trust us,
right. We, we give you the device with
an upgrade or two out of date so that you yourself can verify
your the firmware yourself before flashing it to the latest
upgrade. There's also the, the, the
secure elements and the hardware is all online on GitHub for you
to view fully auditable for the end customer so that you can
make sure that what you're running on your device is is
actually what we say is running on it, right?
And again, you can upgrade it yourself.
We don't push any upgrades by ourselves.
You are the one that will do that because we don't we don't
want to push a malicious upgrade on you.
There's been evidence of other companies that have done that
and it's not good, right? We also have a lot of feature
rich things on a device like trick pins, like those anti
phishing words. So when you when you sign into
your device, it will say 2 anti phishing words and if those
those words are incorrect, you know that your device has been
tampered with and that you do not, you should not log into
that device. You know, we have our two secure
elements rather than one. Things like that.
Those are what's really important.
Even our device itself is fully transparent, right?
You can see exactly on the device, what's what's, what
components it's made out of. There's no, there's no chip out
of place. There's no, there's nothing like
that. And if there was, you'd know.
So that's kind of really important.
And yeah, full of advanced features like brick me pins.
A brick me pin is basically like if, if you have some, if you, if
a guy has a gun to your head and you don't want to, to let them
in, you can put in a different pin and completely brick the
device and render it useless. You know that that's a, that's a
advanced feature of our device. And we recommend, you know,
leaning into that slowly. But those are just some of the
the many things that we offer. Yeah, And then also I I want to
talk about this too, right. You mentioned that that it was
transparent. I'm gonna make myself full
screen. So this is a back on the back.
It has a little thing that says shoot here.
What is that D? Yeah, yeah, that.
So that shoot here is those are the two secure elements.
So if you ever want to dispose of a device of a device
properly, you can either shoot them with a gun or you can hold
on. Hold on, we're on YouTube for
sure. Metaphorically.
Metaphorically Metaphorically Metaphorically metaphorically.
Yes, Metaphorically self-defense.
That's right. That's right, because you're.
One of the danger metaphors, Yes.
Apologies. You can use, you can use a
drill, right? You can use a drill and drill
into those secure elements so that your seed and everything
that is important is, is totally lost.
There's no way to recover that. And hopefully you have a backup
in a totally different location, you know, really far away,
right? So, so it's really important
that we, we put that there and, and so that people know how to
dispose of these devices properly.
Yeah, 'cause you could toss out your, your hardware wallet and
three years later you're like, what happened?
Like, how did I, how did I lose money?
And it's, it's because someone may have picked that up in the
trash and maybe it didn't have a secure element on it or it had a
weak one. And, and they got into, into
your device and, and took your seed seed phrase, right.
Your seed phrase is the most important thing and you really
need to keep care of that and and this is one way to do it, by
drilling into those secure elements so that the seed phrase
is completely white from the device.
Absolutely, Absolutely. Hey, Nico, I got one.
This might be the the way to end this and go back into some
bullish news here. But we have a great comment in
the chat and I think this is one of the things we see constantly
with people. So I don't want to put you on
blast because it looks like it's your full name, but someone in
the chat said I still need to do myself custody.
I have my Bitcoin on multiple changes so I think we need to
just go back to basics. Why do people need to have a
hardware device or basically get their Bitcoin off exchanges into
self custody? Absolutely, Yeah.
I mean, the first sentence of the Bitcoin white paper is a
peer-to-peer electronic cash without financial institutions,
right? So if you're holding your, your
Bitcoin with a financial institution, you are still kind
of stuck in the legacy system where you have to ask everyone
or them permission to, to move your money.
If you go to a bank and ask to move it or, or to withdraw, you
know, $20,000, they're going to say, what the heck?
What do you need that for? Why?
And they're going to, they're going to KYC you up the ass and
it's going to suck. So if you don't want to ask
permission and you want to take custody of your own money and
move it yourself and never have to ask permission, it's it's
really important for you to self custody and and cold card can
help you do that. Amazing, love that, love that
guys. Go to check the link in the
video description or scan the QR code on your screen.
Remember, not your keys, not your cheese.
Get yourself a cold card queue or the MK4.
Big fan of both love these hardware wallets.
Use them personally. Yeah, go check them out, guys.
And of course, get yourself a block clock.
I think every every bitcoiners should have one at least you'll
start to notice that. Not at home right now.
We're in Dallas for a bit. Block boom.
We're going to be here for the rest of the week, but one more
in the back. Go ahead.
One more thing someone asked, you know how, how do you know
that my private key isn't or my seed words aren't like pre
generated, right? And you can actually go on on
our devices and we offer this thing called dice rolls where
you can roll dice and you can enter in all the all the inputs.
You know, you roll it 99 times to get 256 bits of entropy.
I know big words, but that's what you need to create a 12 or
24 word seed. And you can do that on both
devices, right? If you had two devices side by
side and you entered in the exact same inputs from those
dice, you would get the exact same seed words.
And that's really important because if you didn't, then
you'd have a pre generated seed. So I think that's a really cool
way for people at home that may may not be super technical and
they can't really audit the entire firmware for themselves
and, and, and, and they have to quote UN quote, trust a little
bit more. They can do that seed or they
can do the dice roll function on two devices and see, oh wow, I
get the same seeds on both devices.
I think that's a really cool, cool way to verify.
Absolutely. And then also to you guys like
you can like what what I personally do to generate a
because I'm a paranoid mother effer because I've been in
Bitcoin for a long time. I literally have all 2000
something words and I literally put like scramble them, put them
in a pot and mix them manually and just pick out one word by
one and then put it back in, scramble it manually and put it
back in. And then those are my 23 words.
And I believe like the cold card or something generates the last
the I don't know what the checksum, the checksum, right.
So I'll, I'll pick me manually the 1st 23 and then I think the
checksum will give you a bunch of options of what?
Yeah. There's probably like four
options to choose from with the 24 word, yeah.
Correct. And then that's what I
personally do because I'm a paranoid mother at her and I'm
like, you know what? I don't want to do any.
I want to do this completely offline.
But you can essentially import that seed into the cold card and
then, you know, that will be your seed.
So there's many, there's different.
You could use the random number generator on the device.
You could use the dice roll method as what Dee was referring
to. So there's a bunch of other,
some people are already fans of it.
We have Andrew in the chat. Dice rolls are awesome.
That was so much fun, right? So, yeah, there's a bunch of,
it's all up to you. That's the whole point.
It gives you a bunch of variety on how to protect your Bitcoin
on, you know, different, different.
If you're in different types of situations, right, where you
just want to break your device, you know, you a decoy, whatever
it gives you all those things, right?
It's a, it's a, it's a big rabbit hole.
So go check out cold card use promo code simply again, you get
5% off anything on the store. We recently just partnered with
them and happy to have Dee on the show today.
Guys, we still have a ton of content for you guys.
We have a bunch of news that we want to get to.
Michael Saylor continues to want to buy all the Bitcoin for
better or for worse. And I I I think we already
covered the Eric Trump news and then we're going to be talking
about this recent cycle, which I think a lot has a lot of people
concerned. I would say is, you know, gives
you a longer opportunity to check the to stack cheaper SAT.
So anyways, guys, we're going to hit the new segment.
We will be right back. I want to give a shout out to
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Check out leaden dot IO today. All right, everybody, we are
back. Let's get into today's news.
All right, so I'm going to start off with this just because I
know this is on a lot of people's minds just based on
just the general feeling on on it's so it's so weird saying
Bitcoin X it's not Bitcoin Twitter anymore.
It's Bitcoin X. It'll always be Twitter in my
heart. It'll be Twitter, yeah.
Well, this is the general consensus on Bitcoin X or
Bitcoin Twitter Bitcoin, and this is a Gordon Altcoin.
Gordon says Bitcoin and Ethereum are closing Q1 with the worst
returns in seven years. Can you?
Zoom in more online I can't. Bitcoin and who who cares about
the Ethereum one? Let's just focus on this one.
Bitcoin quarterly returns again, the worst return in seven years.
This is what we're all feeling right now.
This is why you're like, wait a second price should be way
higher. What's going on?
This is what's going on now. If you actually compare the like
different eras, right? The red line is the current era,
the orange line is the 2017 cycle, the green line is the
2021 cycle, and then the blue is the 2013.
If it was like the green, we already made Bitcoin already
peaked. We already peaked.
Right now we're right now we're in the process of the denial
phase, right? We're like scratching like Nah,
it's going to go back up. It's going to go back up, but
one O 9, that was the peak, right?
That was the peak. Mika's officially a bear, guys.
Let's get him off the show. To be fair, to be fair, the
macro conditions have never been like this on all of bitcoins
previous peaks, right? And for better or for worse,
Bitcoin right now has become a macro asset.
Its market cap is huge. You have BlackRock involved.
You have the US government that wants to get involved.
So it's very correlated to how the NASDAQ is performing, how
the S&P is performing. And both the NASDAQ, I mean,
Tesla's stock has dropped like it dropped like 50%.
It was something wild since Trump's inauguration.
So Bitcoin currently is being treated like a risk on asset,
even though we all know it's a risk off asset, but it's being
treated as a risk on asset and it's reacting to the macro
environment. When Bitcoin was much smaller,
that wasn't the case. Right when when the market cap
was a lot smaller, that wasn't the case.
When Wall Street wasn't involved, it wasn't the case.
But now that Bitcoin's this big and it's maturing, it totally is
the case, at least from a price perspective.
Now from the good news is as soon as the macro environment
starts to become more optimistic about the future, Bitcoin is
going to be the thing that's going to be outpacing everything
else in, in terms of performance.
Right now, people are still skittish because of the whole
Trump, the tariff talk coming out of Trump.
People are are skittish just in general.
I mean, look, look, look at the, I mean, for a company the size
of Tesla for it to drop 50%, bro, that's not, that's not that
great, right? So just in general, the macro
environment isn't that great. And this isn't Bitcoin of 2017.
Bitcoin is heavily, heavily it, it's, it's just become a much
bigger asset and just the macro environment will affect it.
And unfortunately it's just happening during what we
normally would experience is the kind of euphoria phase of the
cycle. So this is kind of unknown
territory. Are are the cycles over?
Are the cycles over? That's another thing.
Are, are the Bitcoin cycles over?
That's a question for you guys. Is it just going to be like, you
know, it's just going to go up and to the right slowly and this
whole, you know, boom and bust type of thing that's happened in
Bitcoin's early history. Are, are those days behind it?
I mean from a simply Bitcoin's perspective, that's great right
'cause bear markets are Oh my God, it's it's just you know,
viewership disappears like the in fact, the whole industry is
kind of tied to the price of Bitcoin, like the miners, the
exchanges like price of Bitcoin really, you know, effects
everything and I'm I'm I'm positive on on the coin kite
side with D like kind of bull market.
I'm positive you guys make more sales, right just to just.
They also dump on us too, right? So exactly.
So like it just it just kind of it is the way it is.
Our whole industry is kind of now the the Pro is the
volatility of our businesses wouldn't be as great.
But you know, of course you don't get those crazy, crazy,
you know, movements. But look, I'm saying all of this
and we still saw Bitcoin go from 16 Ki believe that was the
bottom right 16 K to $109,000. So that's no small feat, right?
It's a big, big jump. Someone in the chat says 30%
correction cycles aren't broken yet.
Still the same as always. Maybe less volatile lows as more
buyers in market. Here's Pierre Richard and again,
a little bit of a kind of depressing, but I know it's on
everyone's mind, so I want to talk about it.
Bitcoins 4 year kagar is at historic lows because the Fed
raised interest rates. Bitcoin is still growing, it's
just slower until USD monetary policy materially loosens.
This is a competitive global currency market now that's the
crazy part and it's something that I think us bitcoiners have
been talking about lately. It's like, yo, like I remember
when I got into it, it was like, you know, we'll be your guide
through the separation of money and state, Bitcoin separation of
money and state. And like here we are in 2025 and
we're like, yo, SPR, it's happening, bro.
The president just said he's going to buy Bitcoin like, you
know, daddy think to the rescue baby.
Like, you know, so it's just funny.
But again, I think it's just, it's just the asset class has
matured. It's become a lot bigger.
It's become, you know, a global player.
And this is what Pierre Richard is mentioning.
But here's the truth, right? Bitcoin's four year CAGAR 13.3%.
It's a great return but definitely not what we're used
to right now, to be fair. To be fair, and someone didn't
mention this, the burner 7461 said four year CAGAR is also
susceptible to timing idiosyncrasies.
March 2021 was a parabolic upswing.
Kygar looks much more reasonable on a multi year moving average
or other smooth curve. So yeah, to be fair, right?
Cuz again, like it looks like this now, but what if, you know,
at the by year's end we're at 250K Bitcoin.
This number is going to completely change, right?
And again, it's something to pay attention to again, is the, the,
the raised interest rates of the Fed.
A lot of people are speculating that Trump is talking about all
these tariffs to essentially dump the economy, to force the
hand of the Fed to lower interest rates, and to make
money printer go Burr again. Or at least that's the theory.
So it's just, it's just interesting though, that like
we're as Bitcoiners, we're essentially cheering for we're
we're like the rest of the market, like waiting to see what
the Fed is going to do like that.
That that to me is, is interesting.
Anyhow, other news as well. Wait, wait, wait, Nico, can can
I chime in here? Can you go back to that first
chart that that the altcoin Gordon one 'cause I think there
is an interesting, interesting note here.
So the headline sounds really bad, You know, Bitcoin's worst
performing Q1 in seven years. But if you look at the
difference there, the 2018 one is the one they're talking
about. It was -49% right.
We obviously didn't get that in this Q1.
But if you look at the closest Q1 worst performance, it would
be 2020, which is the 10 negative 10.83%.
Now look at what it did the rest of the year.
Obviously, we all know the 2021 top was going into a bull
market. So if you kind of, you know, get
some parallel, here's obviously history doesn't repeat, but it
rhymes. It looks like we might be
getting a super bullish Q2Q3 and Q4 of the rest of the year.
So I don't know, we're doing a 2018 type cycle here because we
didn't get -50% we're kind of in this -10 range.
So it looks like the rest of the year, if we're following that,
it's going to be bullish. What if it's just red for the
rest of the That would suck. That'd be terrible.
Like like we peaked already Bros, just get used to it.
Just get used to it. We peaked.
All right, wait, hold on. How do I boot Nico from this
camera angle? Dee, do you want to chime in
before we move on to the next news story?
For sure now all I was going to say is every dip is a buying
opportunity and you know, I know obviously you know, people have
their mask on like yeah, it's going down so I can buy more,
but they're crying behind you know what I.
Mean like that meme? Like.
That meme there's. But you know, it's, it's a, it's
a win win, right? It goes up.
We make, you know, it's more valuable if it goes down, we buy
more, right? Yeah.
You know, I'm not too worried about it.
I'm I'm here for the long haul as, as, as you guys are.
So I know we're not really fazed by it.
Put crying, I think it's crying Wojack or something.
Yeah, I mean, it's, it's definitely a 23% discount.
It it's a it like depends on how you see the glass.
But look, guys, I'll be honest with you.
Like it's what it is like, you know, re if you it, it, it we
should be at 200K by now. Like I mean, and I remember I
interviewed Samson Mao at mining disrupt.
I dropped the clip over the weekend, but it seems like a lot
of you guys watched it because I got a ton of views.
You know, we should be a lot higher right now.
And I think it's just because of the macro monetary environment
that we're not. And that's a little bit
bittersweet. And the reason for that is why
does Bitcoin care about the macro monetary environment #1
and #2 it's kind of like, wait a second.
So like we're as Bitcoiners, we're cheering the Fed number to
go up. Like what's going on?
So anyhow, so yeah, that's the first bit of news.
Wanted to give an update on that.
I, I agree with D, you know, long term, not worried
whatsoever. Number goes up.
It's Infinity divided by 21 million.
The other news is Michael Saylor Michael Saylor smash bot $1.92
billion of additional Bitcoin business intelligence company
strategy continued stacking sats.
That's not stacking sats, bro. That's stacking cornfields.
Stacking cornfields by acquiring 22,000.
That makes me really depressed. 48 Bitcoin worth nearly $2
billion According to a March 31st SEC filing, Strategy
purchased the coins for 1.92 billion last week, or around
87,000 per Bitcoin. This boosted the company's total
Bitcoin treasury to 528,001 185 for $35.63 billion.
At bitcoins current price of A It's so crazy.
Elon's net worth is like 500 billion.
That's so nuts. At bitcoins current price of
approximately 82,000 strategies holdings are now valued at over
43 billion. Michael Saylor continues
aggressively accumulating Bitcoin.
This recent buys were funded mostly through issuing 1.2
billion of new MSTR common shares.
By buying Bitcoin funded via equity, Strategy Converts
converts its corporate treasury from dollars into hard assets.
The company has pioneered using its balance sheet as a leverage
play on bitcoins. Rise Strategy's average per
price per Bitcoin has steadily increased to 67,458.
What do you think happens? Will be dumped to 67 K bro Oh my
God. He'll stack.
More Oh my. He'll be underwater though.
He'll be underwater. Dude, lower your cost bases
sailor and stack it even more. He'll be underwater, dude.
Oh man. OK, Well yeah guys.
So Sailor bought $1.92 billion worth of Bitcoin, 22,000
Bitcoin, which I find interesting to say the least.
And I think big news here. We always talk about the
importance of alignment of incentives.
Hut 8 publicly traded Bitcoin miner I believe says we are
proud to partner with Eric Trump.
This is President Trump's son and American data centers to
launch American BTC. American Bitcoin, a majority
owned subsidiary of Hut 8, aims to become the world's largest,
most efficient pureplay miner while building a robust
strategic Bitcoin reserve. So I find that interesting.
You have the president's son essentially partnering up with a
Bitcoin miner. And also here Bitcoin shines, a
beacon of orange hope illuminating a path in the sea
of red turbulence. So nobody has been immune to,
again, the macro environment is going to say this again, the
overall macro environment has not been great.
This is the reason as to why we believe Bitcoin has not gone up
the way it historically has in the past.
Because Bitcoin is such a large asset these days.
The macro environment will affect Bitcoin's price because
it's that big. I think that's a good thing.
But obviously, you know, if you're used to those dopamine
hits of the past, you know, you, you start to get withdrawals
like Opti right next to me. So strategy, I love the rebrand.
Bitcoin shines a beacon of orange hope illuminating a path
in the sea of red turbulence. So there you go.
I mean, Tesla down 37%, NVIDIA down 21%, Google down 18%,
Amazon down 14%, Microsoft down 12%, Apple down 12%, QQQQ down
9%, SPY down 6%, Meta down 2%. MicroStrategy is actually up 1%
despite the downturn in just the, the overall market.
I will say, I mean, Tessa down 37%.
Holy cow. Seems like a lot of people are
blaming Elon for what's happening with, with Trump in,
in general. So I don't know if you guys want
to chime in on this, but that's a that's that's in use for for
Monday, man, Just, you know, general kind of market update
Eric Trump on, you know, starting a, a, a Bitcoin mining
venture MicroStrategy buying 22,000 Bitcoin.
And despite the downward, you know, just general market
sentiment, MicroStrategy continues to outperform because
it has adopted a Bitcoin strategy.
And if you are to believe a lot of the rumors that are floating
on Bitcoin X or Bitcoin Twitter, depending on how you want to say
it, it seems like other public companies are going to follow in
the footsteps of MicroStrategy, especially after its performance
over the last year. And I mean, look at the
performance of Metaplanet. I mean, this is a essentially a
zombie company coming out of Japan.
It was a hotel company on the verge of bankruptcy.
They adopted a Bitcoin strategy and they 48% their 48 X their
stock in 365 days that is. Gnarly.
That is absolutely crazy. So anyhow, Opti, do you want to
chime in? Then we'll get these thoughts
and then we'll wrap up the Monday show.
Yeah, I think the biggest thing and guys, we're going to drop
out. I don't know at what point, but
we did do a great interview with CJ, our boy CJ Constantinos over
at Mighting Disrupt and I think he laid this out really well.
It was a long interview. I think we're going to put the
whole thing up for you guys. We did a backstage, so he'll
break down all of this going on, but the TLDR that I'm kind of
taking away and him and Larry Laparte, a great speech.
It's just a general uncertainty in the markets right now.
This Bitcoin is. Larry said we're going to duck.
Yeah, Larry, Larry said it's over.
Basically, Larry's probably the most Dumor guy out here right
now. He's like, there's no way this
is going to get fixed. But I think what we're seeing is
obviously Trump is trying to do some things to the economy
essentially from most of the consensus around there.
He's trying to force the Fed's hand to essentially, you know,
go under Treasury right now. And, of course, that is wrecking
European markets right now. Now.
So it looks like, you know, Trump is trying to bankrupt the
EU and force the Fed to get under the Treasury right now.
And this is what the general concern is right now.
But we're also seeing apparently, you know, Liberation
Day or whatever the meme is, or two days from now, April 2nd,
we'll see what happens. But this general tariff policy,
yeah, obviously. But this general tariff
uncertainty we're seeing, obviously the markets are very
volatile. Bitcoin is usually one of the
markets that acts the quickest. We all know it's a 24/7
liquidity and therefore it reacts probably before other
markets happen. And therefore we're seeing a
just general uncertainty in global economics right now,
global macro markets right now we're seeing a lot of
uncertainty. Obviously Bitcoin, it's the most
liquid asset, but just just peppering in some opium here.
I do like this chart right here and I'm I'm going to show you
this peppered in peppered in I, you know, this is some
speculation, but I I like this and let's see let's see if this
plays out. So we're going to go there.
Let's see if this plays out, you know, Bitcoin basically lagging
behind M2 global liquidity and if this continues to play out,
it looks like maybe you know, in a couple of weeks we're going to
see some Bitcoin pumping the more money printer goes Burr,
the more bitcoins going to RIP. So I don't know, I, I, I, I'm
going to just pepper in some opium for myself in the chat
right now. So here we go.
You know, if you're if you're an audio, it's a.
So what Opti's showing for the audio listeners is essentially
that it, it, it we're theorizing it's this is going around on X
or Twitter that it seems like there's a heavy correlation
between the M2 and the Bitcoin price.
And it's identical for the audio listeners.
Yeah, it's it's by a lag like 2 weeks it's.
Very. It's, it's, it's strongly
correlated for sure. It would be, it would be weird
if it was a coincidence 'cause it does look very similar.
But essentially, if the trend continues, it seems like Bitcoin
is lagging the M2, but the M2 just had a recent very, very big
surge. So if that were to continue, you
know, if Bitcoin falls in its footsteps, you know, you're you,
you might see another explosive move to the upside coming soon.
So we shall see. Again, this is kind of
speculation territory, but Opti does wanna end Monday.
Hey, it's Monday, let's give some people some hope here on a.
Hopeful note Anyways, I'm gonna give the last words to DD Thank
you so much for joining us on Simply.
Super happy to partner up with you guys over at Coin Kite.
Big fans of your guys products. What are your final thoughts, my
friend? Yeah, absolutely.
Yeah. I mean, I'm, I'm all for hopium.
So I'm, I'm with Opti here. I, I, I love, I love it if it
goes up. But you know, I'll, I'll buy
more if it, if it stays down, you know, it is what it is.
But yeah, we're, we're very excited to be with you guys.
And you know, I'm the customer support representative over at
Coinkite. So if you ever need to get in
touch with us, feel free to reach out to
support@coinkite.com or send me Adm over Twitter X or yeah.
So if if you need any Bitcoin only hardware wallet solutions
or want to pick up a block clock or on any of our other cool
products like open Dimes, tap signers, SAS cards, T-shirts and
things like that, you know where to find us and we're super happy
to be working with you guys. Absolutely.
Well, Dee, thank you so much for for joining us guys.
Go check out coinkite.com promo code simply 5% off.
There's a tap card. Is there a SAT card?
That's like for all the gold bugs that want that want
physical Bitcoin. Look at that right there.
So they have tap cards and you just tap it.
And and then Nico I, I, I definitely need that back.
It may or may not have some Bitcoin on it.
May. Or may not have slots.
On it. Oh.
Oh, oh, Oh, no, I'm. Pulling it from the.
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