1 00:00:00,400 --> 00:00:04,520 Yo BlackRock CEO just released its annual 27 page letter to 2 00:00:04,600 --> 00:00:07,960 investors and it made a mass Bitcoin prediction. 3 00:00:08,200 --> 00:00:11,920 Larry Fink said that Bitcoin will take the dollar's global 4 00:00:11,920 --> 00:00:16,520 reserve status if the US can't get its debt under control. 5 00:00:16,680 --> 00:00:20,600 When Uncle Larry speaks, trillions of dollars of capital 6 00:00:20,720 --> 00:00:22,320 take notice. Today we're going to be 7 00:00:22,320 --> 00:00:26,400 explaining why the world's largest asset manager now 8 00:00:26,400 --> 00:00:30,760 believes Bitcoin could actually threaten the US dollar. 9 00:00:31,000 --> 00:00:33,040 Anyways guys, it's going to be an incredible show. 10 00:00:33,280 --> 00:00:36,920 Joined me with me today as my legendary Co host who's always 11 00:00:36,920 --> 00:00:42,320 optimistic optimist fields and of course we got D in the house 12 00:00:42,400 --> 00:00:44,600 from quaint kite. We're going to be talking all 13 00:00:44,600 --> 00:00:47,080 things point kite later on in the show. 14 00:00:47,280 --> 00:00:48,840 All right, ladies and gentlemen, no more delay. 15 00:00:48,840 --> 00:00:51,280 Let's jump straight into today's news. 16 00:00:51,640 --> 00:00:52,880 So what are we even talking about? 17 00:00:52,880 --> 00:00:57,240 I mean, even Senator Lummus, the Bitcoin senator has mentioned 18 00:00:57,240 --> 00:00:59,920 this report and we're going to do a deep dive into, into the 19 00:00:59,920 --> 00:01:02,880 report itself. So Senator Lemmon says reasons 20 00:01:02,880 --> 00:01:06,480 to pass the Bitcoin Act and buy baby buy. 21 00:01:06,480 --> 00:01:09,560 I love how she's like kind of copying the whole Trump drill, 22 00:01:09,560 --> 00:01:11,400 baby drill, but paying it for Bitcoin. 23 00:01:11,400 --> 00:01:16,880 Buy baby, buy #1 the Bitcoin Act will help America get our debt 24 00:01:16,880 --> 00:01:22,200 under control #2 only one nation will have the juice to own 25 00:01:22,200 --> 00:01:27,440 enough Bitcoin to underpin its currency as the as the world's 26 00:01:27,440 --> 00:01:29,920 reserve currency or dollar. Whatever. 27 00:01:30,200 --> 00:01:32,680 The clock and next block are ticking. 28 00:01:32,680 --> 00:01:34,600 Let's go. I love how she has like the 29 00:01:35,000 --> 00:01:38,960 Bitcoin lingo in her post. It's super, super fitting. 30 00:01:39,200 --> 00:01:42,440 So what is she referencing? She's referencing this BlackRock 31 00:01:42,440 --> 00:01:46,360 report that actually just dropped, and we're going to 32 00:01:46,360 --> 00:01:48,080 check it out. Here it is. 33 00:01:48,080 --> 00:01:53,160 The name of the report is the Democratization of Investing. 34 00:01:53,240 --> 00:01:58,800 And on page 20 of this report from the report itself, Opti, if 35 00:01:58,800 --> 00:02:00,800 you could drop it in the live chat, it'd be great. 36 00:02:01,200 --> 00:02:06,000 Can Bitcoin eat away at the US dollar's reserve status? 37 00:02:06,040 --> 00:02:09,400 The US has benefited from the dollar serving as the world's 38 00:02:09,400 --> 00:02:13,520 reserve currency for decades. That's not guaranteed to last 39 00:02:13,520 --> 00:02:16,320 forever. The national debt has grown at 40 00:02:16,320 --> 00:02:21,000 three times the pace of GDP since Times Square debt clock. 41 00:02:21,040 --> 00:02:24,600 The Times Square debt clock started ticking in 1989. 42 00:02:24,920 --> 00:02:31,240 This year, interest payments will surpass $952 billion, 43 00:02:31,240 --> 00:02:34,800 exceeding defense spending by 20-30. 44 00:02:34,920 --> 00:02:38,840 Mandatory government spending and debt service will consume 45 00:02:38,840 --> 00:02:42,840 all federal revenue, creating a permanent deficit. 46 00:02:43,080 --> 00:02:47,240 If the US doesn't get its debt under control, its deficits keep 47 00:02:47,240 --> 00:02:50,480 ballooning. America risks losing that 48 00:02:50,480 --> 00:02:54,520 position to digital assets like Bitcoin. 49 00:02:54,520 --> 00:02:59,200 That is very, very interesting. I mean, from a Bitcoiners 50 00:02:59,200 --> 00:03:01,680 perspective, I mean, isn't that the goal, right? 51 00:03:01,680 --> 00:03:05,560 Is the goal is, you know, we want Bitcoin to be the world 52 00:03:05,560 --> 00:03:08,480 reserve currency. We want Bitcoin to be the most 53 00:03:08,480 --> 00:03:12,320 used currency in the world. But at the same time, it's like, 54 00:03:12,920 --> 00:03:16,840 it's it's interesting, man, Like, like Bitcoiners are in the 55 00:03:16,840 --> 00:03:20,080 room in DC. You know, obviously we're having 56 00:03:20,080 --> 00:03:25,360 influence on policy and it seems like the agreement right now 57 00:03:25,360 --> 00:03:27,640 there is, I remember Howard Leupnik, who's now commerce 58 00:03:27,640 --> 00:03:29,680 secretary. He's like, look, as long as 59 00:03:29,680 --> 00:03:32,640 Bitcoin isn't a currency and it's a commodity, it's not a 60 00:03:32,640 --> 00:03:35,600 problem, right? But if it's seen as a currency, 61 00:03:35,840 --> 00:03:38,160 you know it it will be a problem with the politicians. 62 00:03:38,160 --> 00:03:40,160 That's how that's how Howard Leupnik framed it. 63 00:03:40,640 --> 00:03:44,640 That was on Poms podcast, You know, so right now it seems 64 00:03:44,640 --> 00:03:48,120 like, you know, both sides essentially could play fair if 65 00:03:48,120 --> 00:03:49,720 they stay in each other's lanes, right? 66 00:03:49,720 --> 00:03:53,520 Bitcoin, you know, remains this super commodity that also has 67 00:03:53,520 --> 00:03:56,440 money like features and functions and characteristics. 68 00:03:56,960 --> 00:04:00,680 And then the US dollar can continue being the world's like 69 00:04:00,680 --> 00:04:03,840 transaction currency. And they're using a lot of the 70 00:04:03,840 --> 00:04:08,040 whole stablecoin thing to, you know, essentially export the US 71 00:04:08,040 --> 00:04:11,040 dollar, the US the the use of the US dollar worldwide. 72 00:04:11,360 --> 00:04:15,240 So, but it's interesting that BlackRock is basically saying, 73 00:04:15,240 --> 00:04:18,640 look, it doesn't matter how much you export the dollar using 74 00:04:18,640 --> 00:04:23,680 stable coins, it doesn't matter. You know what you guys do, 75 00:04:24,040 --> 00:04:27,480 unless you guys get these deficits under control, you 76 00:04:27,480 --> 00:04:31,080 know, it's an inevitability that something will take the dollar's 77 00:04:31,080 --> 00:04:34,760 place. Now, if you are to believe what 78 00:04:35,360 --> 00:04:38,880 Larry Leopard or like Lynn Alden, you want to believe what 79 00:04:38,880 --> 00:04:40,720 they're saying. And CJ, we're actually going to 80 00:04:40,720 --> 00:04:43,200 be dropping that clip for you guys in a couple days, if you 81 00:04:43,200 --> 00:04:44,520 are to believe what they're saying. 82 00:04:45,480 --> 00:04:49,400 To use Lynn's own words, there is no stopping this train. 83 00:04:49,880 --> 00:04:54,080 Even with Doge going in there and cutting government spending, 84 00:04:54,720 --> 00:04:57,440 you can't stop. Like, the deficit is so crazy, 85 00:04:57,880 --> 00:05:00,080 right? So even if Elon gets his 86 00:05:00,080 --> 00:05:05,400 targeted cut of $1 trillion, the US is still deficit spending 87 00:05:05,400 --> 00:05:08,320 like 2 trillion a year, right? And just to kind of give you 88 00:05:08,320 --> 00:05:12,000 guys a perspective of how much money that is, the total GDP of 89 00:05:12,000 --> 00:05:16,720 El Salvador is $32 billion. So the US government spends 1 to 90 00:05:16,720 --> 00:05:19,680 2 trillion more than it collects in tax revenue every single 91 00:05:19,680 --> 00:05:21,520 year. And the way that it does that is 92 00:05:21,520 --> 00:05:25,160 by printing the difference. So anyhow, here's the Forbes 93 00:05:25,160 --> 00:05:28,680 article that's covering the whole thing that happened with 94 00:05:28,680 --> 00:05:33,040 BlackRock releasing this report and says, quote, a safer bet. 95 00:05:33,240 --> 00:05:40,360 BlackRock CEO issues huge $952 billion Bitcoin price warning to 96 00:05:40,680 --> 00:05:43,480 the US dollar. That's not a YouTube title, that 97 00:05:43,480 --> 00:05:46,120 is a Forbes article. Ladies and gentlemen. 98 00:05:46,400 --> 00:05:49,600 Bitcoin has surged over the last year, with the Bitcoin price 99 00:05:49,600 --> 00:05:54,280 soaring to record highs as a perfect storm of Washington DC 100 00:05:54,520 --> 00:05:57,920 and Wall Street collide. The Bitcoin prices drop back 101 00:05:57,920 --> 00:06:02,320 from its peak of $110,000 per Bitcoin reached in January ahead 102 00:06:02,320 --> 00:06:04,000 of U.S. President Donald Trump's return 103 00:06:04,000 --> 00:06:06,960 to the White House. Now is top traders bet on 104 00:06:06,960 --> 00:06:10,760 looming Federal Reserve flip The chief executive of the world's 105 00:06:10,760 --> 00:06:13,960 largest asset manager, BlackRock, has warmed Bitcoin 106 00:06:13,960 --> 00:06:18,360 could be eating away at the US dollar's world reserve currency 107 00:06:18,360 --> 00:06:21,600 status quote. The US has benefited from the 108 00:06:21,600 --> 00:06:25,040 dollar serving as the world's reserve currency for decades, 109 00:06:25,280 --> 00:06:27,760 but that's not guaranteed to last forever. 110 00:06:28,200 --> 00:06:32,120 By 20-30, mandatory government spending and debt service will 111 00:06:32,120 --> 00:06:36,640 consume all federal revenue, creating a permanent deficit if 112 00:06:36,640 --> 00:06:39,440 the US doesn't get its debt under control. 113 00:06:39,880 --> 00:06:43,840 If deficits keep looming, ballooning, America risks losing 114 00:06:43,920 --> 00:06:46,480 position digital assets like Bitcoin. 115 00:06:47,120 --> 00:06:52,280 U.S. debt has soared over recent years, topping 34 trillion at 116 00:06:52,280 --> 00:06:57,960 the beginning of 2024 before climbing over 35 trillion just a 117 00:06:57,960 --> 00:07:01,160 year later. With COVID era stimulus measures 118 00:07:01,160 --> 00:07:04,440 contributing to massive government spending and helping 119 00:07:04,440 --> 00:07:06,520 to send inflation spiraling out of control. 120 00:07:06,520 --> 00:07:11,280 In 2022, inflation of over 10% forced the Federal Reserve to 121 00:07:11,280 --> 00:07:16,080 hike interest rates at a historical clip, pushing up debt 122 00:07:16,080 --> 00:07:19,360 interest payments and fueling fears of a debt spiral. 123 00:07:19,360 --> 00:07:22,000 Quote. To be clear, I'm obviously not 124 00:07:22,000 --> 00:07:26,320 anti digital assets, Fink wrote, pointing to his plan to 125 00:07:26,320 --> 00:07:29,200 democratize access to finance and markets with crypto 126 00:07:29,200 --> 00:07:31,840 technology. But two things can be true at 127 00:07:31,840 --> 00:07:34,720 the same time. Decentralized finance is an 128 00:07:34,720 --> 00:07:38,080 extraordinary innovation. It makes markets faster, 129 00:07:38,080 --> 00:07:42,600 cheaper, and more transparent. Yet that same innovation could 130 00:07:42,600 --> 00:07:46,960 undermine America's economic advantage if investors begin 131 00:07:46,960 --> 00:07:51,040 seeing Bitcoin as a safer bet than the dollar thinks. 132 00:07:51,040 --> 00:07:54,880 Warnings echoes similar sentiment expressed by the likes 133 00:07:54,880 --> 00:07:58,840 of Tesla billionaire Elon Musk, who last month called the 134 00:07:58,840 --> 00:08:02,080 climbing U.S. debt clock terrifying and last year 135 00:08:02,080 --> 00:08:05,840 repeatedly warned of U.S. financial collapse while on the 136 00:08:05,840 --> 00:08:10,120 campaign trail for Trump. It goes on to say earlier this 137 00:08:10,120 --> 00:08:14,480 month month Fink warned Trump's trade policies will see a return 138 00:08:14,480 --> 00:08:17,560 of inflation, dampening expectations the Federal Reserve 139 00:08:17,560 --> 00:08:21,560 will cut interest rates through 2025 and invoking the specter of 140 00:08:21,560 --> 00:08:25,800 stagflation characterized by an economic slowdown coupled with 141 00:08:25,800 --> 00:08:28,800 spiraling price rises. Anyway, so I'm going to open it 142 00:08:28,800 --> 00:08:31,640 up to the to the panel. This is crazy. 143 00:08:31,640 --> 00:08:36,720 It, it, it's, it's so nuts. I mean, it's like 2 trains going 144 00:08:36,720 --> 00:08:40,919 at full speed. And the article like about on 145 00:08:40,919 --> 00:08:43,520 the verge of colliding with each other reminds me of this article 146 00:08:43,520 --> 00:08:47,320 by Alex Gladstein called Bitcoin is a Trojan horse for freedom. 147 00:08:47,600 --> 00:08:50,480 And now what's really interesting about that article 148 00:08:50,720 --> 00:08:54,080 is essentially Alex Gladstein was making the case back in like 149 00:08:54,080 --> 00:08:56,440 2021. Like it was a long time ago. 150 00:08:56,440 --> 00:08:58,480 It was like 2. It was like 3-4 years ago. 151 00:08:58,680 --> 00:09:03,080 He was making the case that essentially governments, 152 00:09:03,120 --> 00:09:07,560 institutions wouldn't be able to resist bitcoins number go up 153 00:09:07,560 --> 00:09:11,640 technology and they want to benefit from it, but at the same 154 00:09:11,640 --> 00:09:15,480 time they essentially want to disconnect the freedom enabling 155 00:09:15,480 --> 00:09:19,080 technology from the number go up technology, not realizing that 156 00:09:19,080 --> 00:09:22,320 both that those technologies are inextricably linked. 157 00:09:22,320 --> 00:09:26,280 You cannot disconnect the two. So it's just really interesting 158 00:09:26,280 --> 00:09:28,800 to me. BlackRock is making a fortune 159 00:09:28,840 --> 00:09:33,680 offering these Bitcoin spot ETFs, but simultaneously they 160 00:09:33,680 --> 00:09:35,800 see the writing on the wall and they see listen. 161 00:09:36,040 --> 00:09:41,000 With current US deficit spending, this is unsustainable 162 00:09:41,400 --> 00:09:43,760 and when people start losing confidence in mass. 163 00:09:43,760 --> 00:09:46,120 By the way, that is the definition of hyperinflation. 164 00:09:46,240 --> 00:09:49,320 Hyperinflation doesn't happen because they just print money 165 00:09:49,320 --> 00:09:51,960 into oblivion. Hyperinflation happens when 166 00:09:51,960 --> 00:09:56,320 there's this mass consciousness awakening of people losing 167 00:09:56,320 --> 00:09:59,400 confidence in the currency and they all start to try to get rid 168 00:09:59,400 --> 00:10:02,040 of it at the same time. That's why, you know, it starts 169 00:10:02,040 --> 00:10:05,920 to devalue in a, in a very epic and very rapid fashion. 170 00:10:06,240 --> 00:10:09,920 So I mean, I think everyone's starting to see it, not only in 171 00:10:09,920 --> 00:10:15,080 the corners of Bitcoin Twitter, not only in the corners of, you 172 00:10:15,080 --> 00:10:18,760 know, the, the, you know, the economic Twitter now it's 173 00:10:18,760 --> 00:10:21,600 seeping into mainstream consciousness that the US 174 00:10:21,600 --> 00:10:25,120 government spending is completely unsustainable. 175 00:10:25,320 --> 00:10:29,120 And by 20-30, just the interest payments alone like that is 176 00:10:29,120 --> 00:10:32,040 absolutely nuts. So I agree with Lynn, you know, 177 00:10:32,800 --> 00:10:36,440 nothing stops this train. But as Senator Lummus pointed 178 00:10:36,440 --> 00:10:39,040 out, I think she has a really, really good point. 179 00:10:39,320 --> 00:10:43,320 I think that, you know, the Bitcoin Act could potentially be 180 00:10:43,320 --> 00:10:48,160 a way to get America's debt under control if the US 181 00:10:48,160 --> 00:10:51,840 government starts using its money printer to buy something 182 00:10:51,840 --> 00:10:56,200 that has absolute scarcity. Michael Saylor, when he made his 183 00:10:56,200 --> 00:11:00,080 presentation for the BPI Summit, he was making space. 184 00:11:00,080 --> 00:11:04,120 Look, if the US government, you know, buys 5 percent, 10% of the 185 00:11:04,120 --> 00:11:07,560 Bitcoin supply by 2040, it's going to be able to pay off its 186 00:11:07,560 --> 00:11:11,320 debt and then some, right? So anyhow, I'm going to open it 187 00:11:11,320 --> 00:11:12,600 up. Opti, what do you think? 188 00:11:12,600 --> 00:11:13,440 What are you thinking? Man? 189 00:11:13,440 --> 00:11:15,480 This is pretty crazy. This is pretty nuts. 190 00:11:15,480 --> 00:11:18,720 Larry Fink is basically saying, look, if the US keeps going the 191 00:11:18,720 --> 00:11:21,520 way it's going, Bitcoin is going to become the global reserve 192 00:11:21,520 --> 00:11:23,240 currency. I mean, he's admitting to it. 193 00:11:24,000 --> 00:11:26,720 Well, I find it hilarious, you know, for a while that we were 194 00:11:26,720 --> 00:11:29,040 all talking about like, does Larry Fink actually believe in 195 00:11:29,040 --> 00:11:31,000 Bitcoin? And now he's bull posting to all 196 00:11:31,000 --> 00:11:34,360 his shareholders right now. It's like, hey, look, I am not, 197 00:11:34,360 --> 00:11:36,520 you know, he's basically saying like, I'm not endorsing this 198 00:11:36,520 --> 00:11:38,520 idea, but this is where it is going. 199 00:11:38,520 --> 00:11:41,160 And it is kind of incredible that we're seeing Larry Fink say 200 00:11:41,400 --> 00:11:43,680 basically what all of us bit corners have been saying for a 201 00:11:43,680 --> 00:11:46,520 long time, that the US debt is getting out of control. 202 00:11:46,840 --> 00:11:50,080 And part of that is you know that the, the interest payments 203 00:11:50,080 --> 00:11:53,880 on this debt are about to surpass the money we spend on 204 00:11:53,960 --> 00:11:55,480 from the military industrial complex. 205 00:11:55,480 --> 00:11:57,880 Like if you don't understand what that means, that's insane. 206 00:11:57,880 --> 00:12:01,960 We, we are going to be paying more money on just the interest 207 00:12:02,040 --> 00:12:05,960 to our debt payments. Then all of the war machine 208 00:12:05,960 --> 00:12:08,440 that, that we pay, which is still the biggest one in the 209 00:12:08,440 --> 00:12:10,080 world. Like if you don't understand 210 00:12:10,080 --> 00:12:13,720 that this is not financially sustainable, I, it's really hard 211 00:12:13,720 --> 00:12:17,160 for, for me to understand what you're seeing and not seeing 212 00:12:17,160 --> 00:12:19,840 because look, he's saying what we've been saying for a long, 213 00:12:19,840 --> 00:12:22,680 long time. the US has a spending problem. 214 00:12:22,840 --> 00:12:25,720 We have way too much debt, yeah. And there's no way to get out of 215 00:12:25,720 --> 00:12:29,720 this debt except for either one transitioning to a new system, 216 00:12:29,720 --> 00:12:34,360 AKA Bitcoin or some kind of debt jubilee and, you know, 217 00:12:34,560 --> 00:12:37,240 refinancing of this debt hyperinflationary scenario. 218 00:12:37,240 --> 00:12:41,680 Like one of those is the only way that seems, you know, better 219 00:12:41,680 --> 00:12:45,240 for US average everyday people. And the other one is probably 220 00:12:45,240 --> 00:12:48,280 going to be very catastrophic here. 221 00:12:48,280 --> 00:12:50,960 And I'd much rather see all that wealth going to Bitcoin. 222 00:12:51,280 --> 00:12:54,280 But you're starting to see that, hey, if Larry Fink is out here 223 00:12:54,280 --> 00:12:57,840 bull posting or rather doom posting about the debt payments, 224 00:12:58,400 --> 00:13:00,800 it's probably something you should take notice of. 225 00:13:00,800 --> 00:13:03,840 And I'm guessing that not only all the BlackRock shareholders, 226 00:13:04,000 --> 00:13:07,520 but every institutional capital manager right now is looking at 227 00:13:07,520 --> 00:13:11,800 this report and being like, OK, I need to have as sailors as a 228 00:13:11,800 --> 00:13:14,960 Bitcoin strategy. Or at the very least, I can't 229 00:13:14,960 --> 00:13:17,200 just be saying that, oh, this Bitcoin thing isn't going to 230 00:13:17,200 --> 00:13:19,520 catch on because it's very clearly catching on. 231 00:13:19,760 --> 00:13:22,240 Though there is something that I do want to talk about that 232 00:13:22,240 --> 00:13:26,240 wasn't so bullish in my opinion. Larry Fink in this report also 233 00:13:26,240 --> 00:13:28,920 went down the tokenization of all things in there. 234 00:13:28,920 --> 00:13:31,480 And that's why he's super bullish on, you know, Bitcoin, 235 00:13:31,480 --> 00:13:34,600 crypto, block chains, etcetera. You know, just just something to 236 00:13:34,640 --> 00:13:37,280 keep an eye on. I mean to to give him a get out 237 00:13:37,280 --> 00:13:39,840 of jail free card, right? Like you know, he is an older 238 00:13:39,920 --> 00:13:43,520 gentleman and I think most people that get into Bitcoin 239 00:13:43,520 --> 00:13:49,760 start altcoin in first, right? You know, like all roads 240 00:13:49,760 --> 00:13:52,320 eventually lead to to Bitcoin. Anyways. 241 00:13:52,720 --> 00:13:55,480 We do have D in the house. D is from Coin Kite. 242 00:13:55,600 --> 00:13:57,400 We just recently partnered up with them. 243 00:13:57,400 --> 00:14:00,280 They make the hardware wallets in the industry. 244 00:14:00,280 --> 00:14:03,560 I'm holding the Q in my hand, the cold card Q. 245 00:14:03,560 --> 00:14:06,120 It's absolutely awesome. It's my daily driver, incredibly 246 00:14:06,120 --> 00:14:10,560 easy to use, has the whole A-Z cube keyboard and stuff. 247 00:14:10,560 --> 00:14:13,800 It's dope, but it has all the benefits of cold storage. 248 00:14:13,800 --> 00:14:16,360 Anyways, Dee, thank you so much for joining us today. 249 00:14:17,560 --> 00:14:21,440 A world are we living in, bro. What the F is going on right? 250 00:14:21,560 --> 00:14:23,560 6. Ago we thought we were all going 251 00:14:23,560 --> 00:14:26,040 to prison. Now the president of the United 252 00:14:26,040 --> 00:14:28,600 States is talking about a strategic Bitcoin reserve. 253 00:14:28,600 --> 00:14:32,000 Larry Fink is saying, listen, it's inevitable Bitcoin becomes 254 00:14:32,280 --> 00:14:36,400 the global reserve currency. Like, what world is this? 255 00:14:36,400 --> 00:14:39,320 I mean, this is all happening. We all knew this was going to 256 00:14:39,320 --> 00:14:42,480 happen as Bitcoiners, but we had no no idea it was going to 257 00:14:42,480 --> 00:14:44,480 happen this quickly. D What are your? 258 00:14:44,560 --> 00:14:46,400 Thoughts. Yeah, yeah, it's ramping up a 259 00:14:46,400 --> 00:14:49,480 lot quicker than I think a lot of people are anticipating and a 260 00:14:49,480 --> 00:14:51,680 lot of people are changing their minds about it, right. 261 00:14:51,720 --> 00:14:55,920 And Bitcoin's definitely that Trojan horse that is going to 262 00:14:55,920 --> 00:14:59,080 take over the legacy system. They can, they can try and pay 263 00:14:59,080 --> 00:15:01,760 down the debt with it. I mean, you know, good luck to 264 00:15:01,760 --> 00:15:04,800 them. But I think in the end, it's not 265 00:15:04,800 --> 00:15:07,280 going to work. All Fiat currencies die 266 00:15:07,280 --> 00:15:10,880 eventually and there's only one deflationary currency and that's 267 00:15:10,880 --> 00:15:13,200 Bitcoin. You know, that's, that's the 268 00:15:13,200 --> 00:15:16,560 most important part about it. And I, I think, I think people 269 00:15:16,560 --> 00:15:19,760 really are waking up to that. And even even the big guys, 270 00:15:19,760 --> 00:15:22,320 right? Obviously, one thing that that I 271 00:15:22,320 --> 00:15:25,760 really advocate for compared to Larry is self custody. 272 00:15:26,080 --> 00:15:28,680 And I think it's really important to own your own money 273 00:15:28,680 --> 00:15:30,640 so that you don't have to ask permission from anyone. 274 00:15:31,560 --> 00:15:34,200 And, and a lot of people are buying these ETFs, They're 275 00:15:34,200 --> 00:15:36,840 buying stocks. They're still kind of stuck in 276 00:15:36,840 --> 00:15:40,840 that Fiat legacy system. It's a, it's, it's a trail like 277 00:15:40,840 --> 00:15:42,440 it's, you know, they're, they're starting their journey. 278 00:15:42,440 --> 00:15:46,440 I don't, I don't, I don't, I think it's a good thing that 279 00:15:46,440 --> 00:15:49,040 they're at least buying or having some exposure to Bitcoin. 280 00:15:49,920 --> 00:15:53,520 But you know, nothing beats real spot Bitcoin in your own 281 00:15:53,520 --> 00:15:56,200 custody. And I think people are slowly 282 00:15:56,200 --> 00:16:00,720 going to realize that either via trial by trial by fire, where 283 00:16:00,720 --> 00:16:03,720 they get burned and and they say, please give me my Bitcoin 284 00:16:03,720 --> 00:16:08,080 back and they don't or, or they just figure it on their own 285 00:16:08,080 --> 00:16:11,480 before that happens. But yeah, Bitcoin's a huge black 286 00:16:11,480 --> 00:16:13,600 hole. And again, you know, there'll be 287 00:16:13,600 --> 00:16:19,160 a time when there's no, there's no, there's no Fiat legacy 288 00:16:19,160 --> 00:16:21,320 system to, to, to value your Bitcoin in. 289 00:16:21,320 --> 00:16:23,920 It will just be, it will just be Bitcoin. 290 00:16:24,480 --> 00:16:29,160 It won't be, oh, Bitcoin's worth $956 billion. 291 00:16:29,440 --> 00:16:33,120 It'll just be, you know, this is how much sats something will 292 00:16:33,120 --> 00:16:35,480 cost, right? So, yeah, that's kind of my 293 00:16:35,480 --> 00:16:38,600 initial thoughts there. And I think everyone is waking 294 00:16:38,600 --> 00:16:41,000 up and it's just, it's just happening a lot faster than I 295 00:16:41,000 --> 00:16:42,080 think a lot of people anticipate. 296 00:16:43,320 --> 00:16:45,680 Yeah, 100%. I I also want to focus on 297 00:16:45,680 --> 00:16:48,760 something you you buried the lead D there, what you were 298 00:16:48,760 --> 00:16:54,760 saying, which is people, people still not people still have not 299 00:16:54,760 --> 00:16:57,960 woken up to the power of self custody and the importance of 300 00:16:57,960 --> 00:17:00,000 self custody. And what I think I've been 301 00:17:00,000 --> 00:17:05,119 seeing really like these last couple of these last couple like 302 00:17:05,119 --> 00:17:08,200 6-7 months, and I don't want to name any names, but there's been 303 00:17:08,200 --> 00:17:12,119 very predominant Bitcoiners that have essentially been like, hey, 304 00:17:12,119 --> 00:17:16,960 you know what, I'm actually just going to buy the ETF, right? 305 00:17:17,839 --> 00:17:21,720 And if you talk about the essentially the centralization 306 00:17:22,079 --> 00:17:25,599 of the custody of all this Bitcoin, it's absurd, right? 307 00:17:25,599 --> 00:17:30,800 Like if you add up Michael Saylor's stash versus all the 308 00:17:30,800 --> 00:17:34,920 ETF stash, I think it's only 1 ETFI think it's only Fidelity 309 00:17:35,160 --> 00:17:39,240 that is actually taking custody. The rest of them have it with 310 00:17:39,240 --> 00:17:41,840 Coinbase, right? So that is a lot. 311 00:17:41,840 --> 00:17:45,920 That's a big ass honeypot. That's a very, very big 312 00:17:46,120 --> 00:17:48,480 honeypot. It's asking for people and it 313 00:17:48,480 --> 00:17:52,080 creates a lot of other, a lot of other potential problems as 314 00:17:52,080 --> 00:17:53,760 well. What are they? 315 00:17:54,160 --> 00:17:59,720 Rehypothecation selling paper Bitcoin, the potential for an 316 00:17:59,720 --> 00:18:03,960 upcoming 61O2. I mean it's it doesn't take like 317 00:18:03,960 --> 00:18:07,880 it's just common sense. Like if Larry Fink is basically 318 00:18:07,880 --> 00:18:11,400 saying, look, the US might default and its current 319 00:18:11,400 --> 00:18:15,920 trajectory and Bitcoin might take its place. the US 320 00:18:15,920 --> 00:18:20,120 government has found itself in a very similar position back in 321 00:18:20,120 --> 00:18:23,480 the 1930s. Like people forget the six one O 322 00:18:23,480 --> 00:18:28,440 2 order was kind of justified in the eyes of the state because of 323 00:18:28,440 --> 00:18:30,840 the Great Depression, right? Like a lot of people were 324 00:18:30,840 --> 00:18:33,560 hurting. So what do you think is going to 325 00:18:33,560 --> 00:18:40,160 happen if in by 20-30 the US potentially defaults, brings the 326 00:18:40,240 --> 00:18:45,040 economy down with it and they have a giant honeypot and they 327 00:18:45,040 --> 00:18:47,560 have a monopoly on violence, They have the power of the 328 00:18:47,560 --> 00:18:49,000 state. What do you think is going to 329 00:18:49,000 --> 00:18:50,920 happen to all that Bitcoin, right? 330 00:18:51,000 --> 00:18:54,440 Like, I mean, there, there is a historical precedent for this. 331 00:18:54,440 --> 00:18:57,520 Like this isn't just us speculating, us talking about 332 00:18:57,520 --> 00:19:00,560 it. So I think it's never been as 333 00:19:00,560 --> 00:19:04,200 important than it is today to really become a sovereign 334 00:19:04,200 --> 00:19:08,160 individual and learn how to take self custody. 335 00:19:08,160 --> 00:19:11,120 In the process of learning to take self custody, you, you, 336 00:19:11,240 --> 00:19:13,440 you, you reclaim your financial sovereignty. 337 00:19:13,640 --> 00:19:17,960 And unlike gold, that limits what you can do with it because 338 00:19:17,960 --> 00:19:21,480 of its physical characteristics. Bitcoins physical 339 00:19:21,480 --> 00:19:25,640 characteristics essentially allow you to theoretically, if 340 00:19:25,640 --> 00:19:29,400 you're in a pickle, store 1,000,000 billions and trillions 341 00:19:29,400 --> 00:19:32,440 of dollars in your mind by memorizing 12 words. 342 00:19:32,440 --> 00:19:34,320 I don't recommend that. Get one of these instead. 343 00:19:34,560 --> 00:19:38,160 But if you're in a pickle, you know it could it could get you 344 00:19:38,200 --> 00:19:40,240 out of a pickle, right? It can get you out of a pickle 345 00:19:40,240 --> 00:19:42,200 opt. And, and I, I do want to add 346 00:19:42,200 --> 00:19:44,920 something because I did bring up the tokenization of all things. 347 00:19:44,920 --> 00:19:47,800 And if you don't think that we're just paranoid bitcoiners, 348 00:19:47,800 --> 00:19:51,400 Larry Fink even said it it himself in this report that part 349 00:19:51,400 --> 00:19:53,760 of this tokenization of all things, one thing they have to 350 00:19:53,760 --> 00:19:55,800 figure out is digital identities. 351 00:19:55,800 --> 00:19:59,080 So you know, the, the, it's coming down the pipeline guys, 352 00:19:59,080 --> 00:20:01,400 you want to custody your Bitcoin? 353 00:20:01,400 --> 00:20:04,880 This is the only way, or else we might be in some digital 354 00:20:04,880 --> 00:20:06,960 dystopia that we really don't. I don't want to be in so 355 00:20:06,960 --> 00:20:08,520 custody. Your own Bitcoin. 356 00:20:08,520 --> 00:20:11,880 Take it off the exchanges, hold it yourself in cold storage. 357 00:20:11,880 --> 00:20:14,600 This is the only way a. 100% Go ahead, Dee. 358 00:20:14,880 --> 00:20:17,120 No, I was going to say something to add to that too, is some 359 00:20:17,120 --> 00:20:20,720 people think it's a little complicated to self custody and 360 00:20:20,960 --> 00:20:23,080 it's new. It's, it's, it's like learning, 361 00:20:23,640 --> 00:20:25,840 maybe not learning a new language, but it's like learning 362 00:20:25,840 --> 00:20:28,680 how to drive, right? You don't just jump on the 363 00:20:28,680 --> 00:20:31,920 freeway immediately after you hit you get in the car. 364 00:20:31,920 --> 00:20:34,880 No, you go in some back roads with your parents and you help 365 00:20:34,880 --> 00:20:38,240 people or you, you get someone to help you and teach you or you 366 00:20:38,240 --> 00:20:41,400 go to YouTube and you go to BTC sessions and he can help you, 367 00:20:41,800 --> 00:20:44,320 right? You can, you can use $5 worth of 368 00:20:44,320 --> 00:20:47,600 Bitcoin and just learn how to send and receive your Bitcoin 369 00:20:48,000 --> 00:20:52,000 before, before putting hundreds, thousands, millions of dollars 370 00:20:52,440 --> 00:20:55,600 on these devices, right? It's, it seems complicated at 371 00:20:55,600 --> 00:20:57,680 1st and it's scary just like a lot of things. 372 00:20:58,360 --> 00:21:01,640 But it's, you know, Bitcoin is like a responsibility go up 373 00:21:01,640 --> 00:21:05,480 technology, I like to say. And you really got to learn and 374 00:21:05,480 --> 00:21:08,680 take the time to, to, to understand what you're doing, 375 00:21:08,680 --> 00:21:11,800 right. Obviously, if you, like I said, 376 00:21:11,800 --> 00:21:13,760 you just get in a car and you hop on the freeway, yeah, you, 377 00:21:13,760 --> 00:21:15,160 maybe you get in an accident, right? 378 00:21:15,480 --> 00:21:18,280 But if you, you go on some back roads or you, you go in a 379 00:21:18,280 --> 00:21:22,400 private, private driveway, you know, like, like you, you, you 380 00:21:22,400 --> 00:21:25,600 take it one step at a time. You, you don't put all your 381 00:21:25,600 --> 00:21:28,000 funds in at once. And, and you learn, right? 382 00:21:28,000 --> 00:21:30,560 You, you learn how to use these devices and learn how to take 383 00:21:31,000 --> 00:21:34,920 self sovereignty seriously. So you know, it, it's just one 384 00:21:34,920 --> 00:21:37,560 step at a time. And I think people just miss 385 00:21:37,560 --> 00:21:40,000 that and then they get overwhelmed and then they're 386 00:21:40,000 --> 00:21:43,200 like, no, I'm just going to buy the ETF instead because I don't 387 00:21:43,200 --> 00:21:45,920 know how to do this right. So I think everyone can do it. 388 00:21:46,240 --> 00:21:50,560 Everyone can learn and it just takes time, you know, do an 389 00:21:50,560 --> 00:21:53,880 hour's worth of research, take, take another hour, whatever it 390 00:21:53,880 --> 00:21:56,840 takes. It's, it's, it's it just learn 391 00:21:56,840 --> 00:21:59,080 at your own pace and, and, and you'll get there, right? 392 00:21:59,160 --> 00:22:03,120 We were all, we were all noobs. We were all there at one point 393 00:22:03,120 --> 00:22:06,000 and and now we're here. We've learned and we've now 394 00:22:06,000 --> 00:22:07,240 we're here helping other people, right? 395 00:22:07,800 --> 00:22:10,160 Beautiful, Beautifully, beautifully, beautifully said 396 00:22:10,360 --> 00:22:12,000 guys. We're going to be talking about 397 00:22:12,000 --> 00:22:15,080 the cold card during the culture segment today. 398 00:22:15,080 --> 00:22:18,600 One of the best or the best Bitcoin hardware wallets on the 399 00:22:18,600 --> 00:22:21,720 market right now. Bitcoin only coinkite's been 400 00:22:21,720 --> 00:22:25,480 around for a very very long time now and big fan. 401 00:22:25,640 --> 00:22:28,520 We are big fans of it personally here at simply Bitcoin. 402 00:22:28,760 --> 00:22:32,080 But before we get into all that, and we have a jam packed show 403 00:22:32,080 --> 00:22:35,360 for you guys as well, Sailor continues to try to buy all the 404 00:22:35,360 --> 00:22:40,360 corn stocked, bought 22,000, Bitcoin 22,000 and he spent like 405 00:22:40,360 --> 00:22:41,880 $2 billion or something like that. 406 00:22:41,880 --> 00:22:45,720 Absolutely crazy. Elon Musk said the quiet part 407 00:22:45,720 --> 00:22:48,240 out loud talking about shifting the Overton window. 408 00:22:48,240 --> 00:22:52,600 Elon has said and the in bed words are his, not mine. 409 00:22:52,600 --> 00:22:54,040 So we have the clip of that for you guys. 410 00:22:54,040 --> 00:22:55,880 We're going to be discussing it and then we're going to be 411 00:22:55,880 --> 00:22:58,080 talking about this current cycle. 412 00:22:58,080 --> 00:23:03,960 I think what's on everybody's mind, if you compare 20/21/2017 413 00:23:03,960 --> 00:23:08,880 2013 right now, we should be at $200,000 per coin or we should 414 00:23:08,880 --> 00:23:11,160 be at $150,000 per coin. I don't know what's going on. 415 00:23:11,160 --> 00:23:13,960 I don't know what's happening. So we're going to be talking 416 00:23:13,960 --> 00:23:16,560 about all of those things guys, it's going to be a jam packed 417 00:23:16,560 --> 00:23:17,880 show. 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All right everybody, let's get 455 00:25:13,120 --> 00:25:15,000 to the numbers. We have tons to talk about. 456 00:25:15,000 --> 00:25:25,640 We will be right back. I want to tell you guys about 457 00:25:25,640 --> 00:25:30,040 our sponsor stamp seed. Is your Bitcoin and cold storage 458 00:25:30,160 --> 00:25:33,560 really secure? Are your seed words really 459 00:25:33,560 --> 00:25:35,890 secure? Stamp Seeds Do it 460 00:25:48,800 --> 00:25:52,800 You want to literally stamp your seed into the this plate of 461 00:25:52,960 --> 00:25:55,600 titanium. Your words are actually stamped 462 00:25:55,600 --> 00:25:58,080 into the metal plate with this hammer. 463 00:25:58,080 --> 00:26:01,880 So once your words are in, they aren't going anywhere. 464 00:26:01,960 --> 00:26:05,880 No risk of the plate breaking apart and your pieces falling 465 00:26:05,880 --> 00:26:08,320 everywhere. 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Head over to stampse-ed.com 476 00:26:47,280 --> 00:26:52,640 today all right everybody, we are back. 477 00:26:52,640 --> 00:26:55,080 I do want to give a shout out to the live stream 1000 live 478 00:26:55,080 --> 00:26:58,640 viewers across all platforms almost 5 and I think we already 479 00:26:58,640 --> 00:27:01,800 broke 500 live viewers on YouTube alone and of course, 480 00:27:01,800 --> 00:27:04,960 shout out to the most hardcore audience in the world, the 481 00:27:04,960 --> 00:27:08,640 rumble chat absolutely crapping on me and Opti every single 482 00:27:08,640 --> 00:27:10,840 episode. You guys are enjoying the show 483 00:27:10,840 --> 00:27:13,040 so far. Make sure to smash that like 484 00:27:13,040 --> 00:27:14,360 button. I believe on YouTube we already 485 00:27:14,360 --> 00:27:16,560 broke 100 likes. Yes, we're at 120 likes on 486 00:27:16,560 --> 00:27:21,320 YouTube. Help us break 200 likes by the 487 00:27:21,360 --> 00:27:25,160 end of today's show 250 likes so smash that like button The 500 488 00:27:25,160 --> 00:27:28,000 you guys that are watching live on YouTube really really helps 489 00:27:28,000 --> 00:27:31,360 with the algos and pushing this message forward At the time of 490 00:27:31,360 --> 00:27:33,920 recording the Bitcoin price is 83,000 optic. 491 00:27:33,920 --> 00:27:40,040 Can you put up my volume $83,300 block height 890,280 sats per 492 00:27:40,040 --> 00:27:44,720 dollar 1200 market cap 1.65 trillion Bitcoin versus gold 493 00:27:44,720 --> 00:27:50,560 market cap 7.52% percentage issued 94.49% decline from all 494 00:27:50,640 --> 00:27:54,560 all time high -23.7%. If you're buying Bitcoin right 495 00:27:54,560 --> 00:27:57,880 now, you're getting a 23% discount. 496 00:27:58,200 --> 00:28:02,640 When Bitcoin reached all time highs in January, the SPR wasn't 497 00:28:02,640 --> 00:28:04,400 true. It wasn't happening right. 498 00:28:04,400 --> 00:28:09,800 We peaked at 109,000 and the SPR was just a rumor It was a 499 00:28:09,800 --> 00:28:13,800 speculation, but it wasn't real realized monetary inflation 500 00:28:13,800 --> 00:28:16,320 .89%. I remember when me and Opti 501 00:28:16,320 --> 00:28:18,760 started covering that number. It wasn't like the two or three. 502 00:28:18,920 --> 00:28:21,360 It's crazy, right? And it's going to go down 503 00:28:21,360 --> 00:28:22,680 forever. Anyhow. 504 00:28:23,160 --> 00:28:27,720 There is a video of Elon Musk. I believe he is, he's he's 505 00:28:27,720 --> 00:28:30,160 campaigning right now. There's a very important 506 00:28:30,520 --> 00:28:34,040 election that's happening in Wisconsin to determine which 507 00:28:34,040 --> 00:28:37,400 judge is it going to be a conservative judge or liberal 508 00:28:37,400 --> 00:28:40,920 judge that's going to be on the Supreme Court in Wisconsin. 509 00:28:41,680 --> 00:28:44,280 And Elon is essentially campaigning over there. 510 00:28:44,920 --> 00:28:47,960 He's like offering people like $1,000,000 if they just vote and 511 00:28:47,960 --> 00:28:51,960 etcetera. But someone in the crowd asked 512 00:28:51,960 --> 00:28:54,000 him something, which was really interesting. 513 00:28:54,000 --> 00:28:57,000 And we've been making the case for you guys for a long time now 514 00:28:57,320 --> 00:29:01,280 about the importance of the Overton window and how all roads 515 00:29:01,280 --> 00:29:04,080 lead to Bitcoin, all roads lead to the Federal Reserve. 516 00:29:04,080 --> 00:29:08,440 Like if if you were to just start asking questions like, why 517 00:29:08,440 --> 00:29:11,040 is this happening in society? Why are things getting more 518 00:29:11,040 --> 00:29:13,800 expensive? Why is why is the why is the 519 00:29:13,800 --> 00:29:16,560 moral of moral decay of society happening? 520 00:29:16,880 --> 00:29:21,720 If you look for the root cause of all that it is broken money, 521 00:29:21,720 --> 00:29:24,360 it is inflation. And if and if you want to see 522 00:29:24,360 --> 00:29:26,160 what is the cause? Where is this coming from? 523 00:29:26,160 --> 00:29:27,520 It's coming from the central banks. 524 00:29:27,520 --> 00:29:29,240 It's coming from the Federal Reserve. 525 00:29:29,560 --> 00:29:33,240 What the F happened in 1971? What happened in 1913? 526 00:29:33,360 --> 00:29:36,480 Why was the income tax established the same year that 527 00:29:36,480 --> 00:29:39,280 the central bank established? Why was all are the all these 528 00:29:39,280 --> 00:29:42,560 things coincidences? People are awakening, people are 529 00:29:42,560 --> 00:29:45,920 coming to that realization and that Overton window is shifting. 530 00:29:45,920 --> 00:29:48,200 That's why you see them talking about Fort Knox. 531 00:29:48,200 --> 00:29:51,000 That's why you see them talking about the Federal Reserve. 532 00:29:51,160 --> 00:29:55,320 This is great because 10 years from now, right, that political 533 00:29:55,320 --> 00:29:59,280 momentum that I've, I've told you guys this quote multiple 534 00:29:59,280 --> 00:30:02,440 times, right, That politics is downstream from culture. 535 00:30:02,720 --> 00:30:05,560 It will be mainstream. Like the the whole idea of 536 00:30:05,560 --> 00:30:08,160 questioning the Federal Reserve, it won't be on the hinges. 537 00:30:08,840 --> 00:30:11,080 They will be in the mainstream. People will be like, you know, 538 00:30:11,080 --> 00:30:12,880 there's something wrong here. I'm hurting. 539 00:30:13,120 --> 00:30:15,160 How come I'm not wealthier than my parents? 540 00:30:15,160 --> 00:30:17,080 Society as a whole has gotten wealthier. 541 00:30:17,200 --> 00:30:19,120 But why? Why can't I get ahead? 542 00:30:19,120 --> 00:30:21,600 What's going on here? Anyhow, I have a clip for you 543 00:30:21,600 --> 00:30:22,800 guys. Let's play it and then we'll 544 00:30:22,800 --> 00:30:26,000 talk about it. Half of America for the idiots 545 00:30:26,000 --> 00:30:28,320 you have to deal with for what you're doing for us to improve 546 00:30:28,320 --> 00:30:31,840 our country. Second of all, my question is 547 00:30:31,840 --> 00:30:35,080 what is your opinion on the Federal Reserve and do you have 548 00:30:35,160 --> 00:30:38,480 any intentions of doing anything with them and the Fed? 549 00:30:44,320 --> 00:30:47,320 Yeah, I don't know. I always wanted to say that, you 550 00:30:47,320 --> 00:30:51,560 know, but, but I mean, I think that's like 20,000 people that 551 00:30:51,560 --> 00:30:53,160 work at the Fed seems pretty high. 552 00:30:53,840 --> 00:30:55,560 In fact, there's a lot of people who work with the Fed on us 553 00:30:55,560 --> 00:30:58,480 things like why do we have so many people at this at the Fed 554 00:30:58,480 --> 00:31:03,040 and what do they do? And you know, sometimes I wonder 555 00:31:03,120 --> 00:31:07,440 which one would win, you know, the federal for interest rates, 556 00:31:07,840 --> 00:31:11,080 the, the federal, the board of the Federal Reserve or a Magic 8 557 00:31:11,080 --> 00:31:14,680 ball. And I'm like, I think the Magic 558 00:31:14,680 --> 00:31:19,240 8 ball might win, you know, So then I'm like, well, Magic 8 559 00:31:19,240 --> 00:31:24,880 ball is a lot cheaper. So, you know, it's like you 560 00:31:24,880 --> 00:31:26,560 shake it, it says check back again later. 561 00:31:26,560 --> 00:31:35,720 I'm like, OK, same thing. But, but I think we, we, we, we, 562 00:31:35,840 --> 00:31:43,240 we, what really matters is that the government spending is, is 563 00:31:43,240 --> 00:31:45,440 not far in excess of government revenue. 564 00:31:46,160 --> 00:31:50,000 That's a fundamental issue that we have where the, we have a, a 565 00:31:50,000 --> 00:31:54,320 deficit of $2 trillion and we have interest payments that now 566 00:31:54,320 --> 00:31:57,080 exceed the entire budget of the military. 567 00:31:58,480 --> 00:32:01,000 In fact, that that was a big wake up call for me was when 568 00:32:01,000 --> 00:32:04,040 the, the amount of money that we're paying national debt 569 00:32:04,040 --> 00:32:06,600 interest exceeded the Defense Department budget. 570 00:32:07,160 --> 00:32:10,680 I'm like, Defense Department budget is very big and interest 571 00:32:10,680 --> 00:32:13,200 is higher than that and, and, and climbing. 572 00:32:14,040 --> 00:32:18,240 That's a disaster, you know, So the, the very simple, 573 00:32:18,240 --> 00:32:23,520 straightforward goal of, of the doge team is to get rid of waste 574 00:32:23,520 --> 00:32:24,960 and forward it's, it's mostly waste. 575 00:32:24,960 --> 00:32:27,360 It's it's or depending on how you know, I'd say it's probably 576 00:32:27,360 --> 00:32:34,320 80% waste 20%. So again, what you're seeing is 577 00:32:34,440 --> 00:32:36,080 the Overton window shifting, right? 578 00:32:36,080 --> 00:32:37,960 The acceptable window of discourse. 579 00:32:37,960 --> 00:32:40,240 It's shifting. People are asking the question. 580 00:32:40,240 --> 00:32:44,800 It's interesting too, because Elon, he didn't say it directly, 581 00:32:44,840 --> 00:32:47,400 right? But he somehow connected, 582 00:32:48,360 --> 00:32:50,360 someone asked him what are you going to do about the Federal 583 00:32:50,360 --> 00:32:52,680 Reserve? And somehow that ended up being 584 00:32:52,680 --> 00:32:56,960 a pitch towards doge and the wasteful spending, right? 585 00:32:57,160 --> 00:33:02,840 So why is the government able to essentially deficit spend in the 586 00:33:02,840 --> 00:33:04,880 1st place? Because it's able to print 587 00:33:04,880 --> 00:33:08,160 money, right? That that's the root cause. 588 00:33:08,160 --> 00:33:14,040 And essentially, even if Elon does what he aims to do and cuts 589 00:33:14,040 --> 00:33:18,720 the deficit, we're just one popularity contest away from all 590 00:33:18,720 --> 00:33:24,720 of that being reversed. The root problem here is not the 591 00:33:24,720 --> 00:33:29,960 irresponsibility of government. The root problem is the 592 00:33:29,960 --> 00:33:32,640 government's ability to create money out of thin air that the 593 00:33:32,640 --> 00:33:35,160 rest of us have to work for. That's the root problem. 594 00:33:35,440 --> 00:33:38,920 No one should have that power. And we didn't sign up for that. 595 00:33:38,920 --> 00:33:43,320 We didn't agree to that, so we have to end that. 596 00:33:43,320 --> 00:33:47,040 And by the way, this has not been around for a very long 597 00:33:47,040 --> 00:33:49,320 time. This has only been around the 598 00:33:49,320 --> 00:33:52,280 United States since 1971. That's when the Fiat money 599 00:33:52,280 --> 00:33:56,080 experiment started. But this problem has been 600 00:33:56,080 --> 00:33:58,120 happening since like the Roman times. 601 00:33:58,520 --> 00:34:02,480 In the Roman era is essentially in the beginning of the the 602 00:34:02,480 --> 00:34:05,720 Roman Republic before it transitioned to an empire. 603 00:34:06,200 --> 00:34:10,040 If you see the amount of silver per coin, it was called the Lake 604 00:34:10,040 --> 00:34:12,440 Dinaris or something. It was like a very high 605 00:34:12,440 --> 00:34:15,600 percentage. At the end of the Roman Empire, 606 00:34:16,000 --> 00:34:19,080 the percentage was like .00000 something. 607 00:34:19,520 --> 00:34:24,360 You can make a very strong case that one of the reasons as to 608 00:34:24,360 --> 00:34:28,920 why the Roman Empire fell and degraded the way it did was that 609 00:34:28,920 --> 00:34:32,239 they inflated the money supply, just like is happening here in 610 00:34:32,239 --> 00:34:34,960 the United States. The only fundamental difference 611 00:34:35,719 --> 00:34:41,480 I think is that now we have the ability to pivot as a society, 612 00:34:41,480 --> 00:34:43,320 as an individual. It's mostly as an individual. 613 00:34:43,440 --> 00:34:48,320 We have the ability to pivot as individuals to sound money that 614 00:34:48,320 --> 00:34:51,440 nobody can debase. You cannot change the monetary 615 00:34:51,440 --> 00:34:54,239 policy of Bitcoin. It protects you and I would say 616 00:34:54,239 --> 00:34:57,240 it protects you from the collective was very strong, but 617 00:34:57,240 --> 00:35:00,520 I'm going to say it. So, yeah, I mean, it's very 618 00:35:00,520 --> 00:35:02,880 interesting. And then just connect what Elon 619 00:35:02,880 --> 00:35:05,880 was saying with what we were talking about during the intro 620 00:35:06,160 --> 00:35:08,960 about what Larry Fink was admitting about the United 621 00:35:08,960 --> 00:35:12,040 States, like unsustainable fiscal trajectory. 622 00:35:12,200 --> 00:35:16,080 Elon was just talking about it just now about like just the 623 00:35:16,360 --> 00:35:20,600 interest alone that we're paying on a yearly basis, the United 624 00:35:20,600 --> 00:35:24,560 States is paying on a yearly basis is actually outpacing the 625 00:35:24,560 --> 00:35:27,800 amount of money that's spent on the military, right? 626 00:35:27,800 --> 00:35:30,480 So just connect the dots. All the dots are there for you 627 00:35:30,480 --> 00:35:32,400 to be connected. I guess we're connecting the 628 00:35:32,400 --> 00:35:34,080 dots for everybody. I don't know, Opti, what do you 629 00:35:34,080 --> 00:35:35,760 think? This is nuts, bro. 630 00:35:36,040 --> 00:35:38,760 This is crazy. He's saying and the Fed and when 631 00:35:38,760 --> 00:35:42,840 he when he was asked about the Fed, it was a pitch on 632 00:35:43,160 --> 00:35:45,600 unsustainable spending and it was a pitch on doge. 633 00:35:45,600 --> 00:35:49,120 Do you think Elon knows? Do you think Elon knows? 634 00:35:50,320 --> 00:35:53,560 He definitely knows and and like going further, like he 635 00:35:53,560 --> 00:35:57,360 definitely knows how or what the solution to all this is. 636 00:35:57,360 --> 00:36:00,480 We all know Tesla still holds Bitcoin like I think he is. 637 00:36:00,720 --> 00:36:02,920 He's he's playing very coy right now. 638 00:36:02,920 --> 00:36:06,480 I think with as as everyone in the chat is trolling us, say 639 00:36:06,480 --> 00:36:08,080 Overton window one more time, Nico. 640 00:36:08,080 --> 00:36:09,800 He's playing very coy with the what? 641 00:36:10,880 --> 00:36:13,680 You should put me on the like a sound board over to the window. 642 00:36:14,640 --> 00:36:18,040 Well, it's interesting and like guys, you, you know, I've been 643 00:36:18,040 --> 00:36:21,720 pretty critical of MUSS for the last couple of weeks, but there 644 00:36:21,720 --> 00:36:24,480 is a lot of things that I do like MUSS doing right now. 645 00:36:24,480 --> 00:36:28,600 Obviously eliminating weights with Doge is great if Doge 646 00:36:28,600 --> 00:36:30,600 somehow is capable. I don't, I don't know the 647 00:36:30,600 --> 00:36:33,520 technicalities of politics here, but if Doge is somehow able to 648 00:36:33,600 --> 00:36:36,560 end the Fed, Yeah. So. 649 00:36:37,480 --> 00:36:40,160 They're going to need Congress, man, and there, there's no way 650 00:36:40,160 --> 00:36:42,120 there's that. Yep, it's an amendment, I 651 00:36:42,120 --> 00:36:45,840 believe, and I might be wrong here, but like it's incredibly 652 00:36:45,840 --> 00:36:49,040 difficult to to just reverse that man. 653 00:36:49,040 --> 00:36:50,520 They're going to have a difficult time. 654 00:36:50,520 --> 00:36:54,920 It's going to be a hard cookie. Well, as long as Musk continues 655 00:36:54,920 --> 00:36:59,560 to shift the Overton window here and talk about ending the Fed 656 00:36:59,560 --> 00:37:02,000 and it's kind of getting out of our echo chambers of just being, 657 00:37:02,000 --> 00:37:04,000 you know, like a Ron Paul libertarian thing. 658 00:37:04,680 --> 00:37:07,760 And now we're seeing it's kind of coming out from, you know, 659 00:37:07,760 --> 00:37:10,560 some people might argue that Musk is the shadow president 660 00:37:10,560 --> 00:37:11,840 here. So now it's officially coming 661 00:37:11,840 --> 00:37:14,560 out of the Trump administration that they want to end the Fed. 662 00:37:15,080 --> 00:37:17,640 I'm kind of OK with this. I I kind of like this kind of 663 00:37:17,640 --> 00:37:19,440 rhetoric here. Yeah. 664 00:37:20,000 --> 00:37:22,080 Anyhow, I'm going to pass it on to Dee. 665 00:37:22,280 --> 00:37:25,840 Dee Dee's a bitcoiner, so Dee knows these things. 666 00:37:25,840 --> 00:37:28,960 He's thought about these things. Dee, what are your thoughts on 667 00:37:28,960 --> 00:37:30,360 this man? It, it, it does. 668 00:37:30,800 --> 00:37:33,160 My question to you is, does Elon know? 669 00:37:33,160 --> 00:37:35,080 Does Elon? Because it's interesting that 670 00:37:35,400 --> 00:37:36,880 what are you going to do about the Fed? 671 00:37:37,080 --> 00:37:41,000 And then he ends up talking about irresponsible, you know, 672 00:37:41,000 --> 00:37:43,400 deficit spending and he ends up pitching doge. 673 00:37:43,400 --> 00:37:46,600 So like in his mind, there must have been some type of 674 00:37:46,600 --> 00:37:51,400 connection to end up there when you're asked the question about 675 00:37:51,400 --> 00:37:53,000 the Fed. Dee, what are your thoughts? 676 00:37:53,040 --> 00:37:57,640 Yeah, Yeah, I think Elon is secretly in the know, right, As 677 00:37:57,640 --> 00:38:00,680 a lot of people are and nation States and, and, and people that 678 00:38:00,680 --> 00:38:05,480 want to accumulate for cheap. He loves to meme, he loves to 679 00:38:05,520 --> 00:38:08,360 divert or, you know, deflect in a way. 680 00:38:09,320 --> 00:38:12,560 Doge is even named after that that shit coin, right. 681 00:38:12,960 --> 00:38:17,200 So I think he knows, right? I think, I think he's aware and, 682 00:38:17,200 --> 00:38:20,200 and he's accumulating either personally or, or whatever. 683 00:38:21,200 --> 00:38:22,800 And, and that's what they want, right? 684 00:38:22,800 --> 00:38:25,800 They want you not to know so that they can accumulate more 685 00:38:25,800 --> 00:38:28,560 for themselves. That's kind of the the 686 00:38:28,560 --> 00:38:32,040 interesting thing about Bitcoin and these big, these big 687 00:38:32,280 --> 00:38:36,200 billionaires, because they want, they know what, what the future 688 00:38:36,200 --> 00:38:38,840 looks like. And they know that if they start 689 00:38:38,840 --> 00:38:42,320 tweeting about it or talking about it frequently, more people 690 00:38:42,320 --> 00:38:46,200 are gonna think about it, talk about it, buy it and, you know, 691 00:38:46,200 --> 00:38:49,160 number go up, right. So it's, it's kind of like 692 00:38:49,160 --> 00:38:52,480 they're trying to delay it potentially where they want to 693 00:38:52,480 --> 00:38:54,440 accumulate a lot. They want to take that time. 694 00:38:54,440 --> 00:38:58,520 They want a few years to, to get their coffers full and then 695 00:38:58,520 --> 00:39:01,080 they'll talk about it. And then they'll start going on 696 00:39:01,080 --> 00:39:04,480 campaigns about Bitcoin and, and sound money and then the Fed 697 00:39:04,480 --> 00:39:06,560 and, and, and what the solutions are, right? 698 00:39:07,320 --> 00:39:09,000 That's kind of my, my stance there. 699 00:39:09,000 --> 00:39:10,840 I mean, obviously, I don't know for certain, right? 700 00:39:11,280 --> 00:39:15,600 It's just a hunch, but I think a lot of people are and, and a lot 701 00:39:15,600 --> 00:39:17,840 of influential people are accumulating. 702 00:39:18,280 --> 00:39:20,240 They just don't want to talk about it because they want more 703 00:39:20,240 --> 00:39:23,880 a. 100% I I 100% agree with that take. 704 00:39:24,080 --> 00:39:27,960 Anyways, I do like what Opti did on the Friday show with the 705 00:39:27,960 --> 00:39:30,760 change up. I I I like the whole culture 706 00:39:30,760 --> 00:39:33,200 news bit. What do you think, Opti? 707 00:39:33,800 --> 00:39:35,080 I don't know. Our numbers are doing pretty 708 00:39:35,080 --> 00:39:37,040 good right now. I wanna, I wanna, I wanna, I 709 00:39:37,040 --> 00:39:38,920 wanna do that. Let, let's let we're going to 710 00:39:38,920 --> 00:39:40,880 change it up a little bit. We're going to be talking about 711 00:39:41,200 --> 00:39:45,360 the cold card self custody. And then towards the end of the 712 00:39:45,360 --> 00:39:47,960 show, we're going to be talking, we're going to be comparing the 713 00:39:47,960 --> 00:39:51,080 different cycles, like kind of just having a discussion on 714 00:39:51,080 --> 00:39:55,080 that. What Bitcoin's four year CAGAR 715 00:39:55,080 --> 00:39:58,720 is at historic lows, which I find interesting and quick 716 00:39:58,720 --> 00:40:02,440 updates. Eric Trump, this, the President 717 00:40:02,440 --> 00:40:06,160 Trump's president has joined it. They're part, they're going to 718 00:40:06,160 --> 00:40:08,920 partner with HUD 8. I believe HUD 8 is a publicly 719 00:40:08,920 --> 00:40:11,880 traded Bitcoin miner, which I find interesting. 720 00:40:12,680 --> 00:40:15,240 A MicroStrategy continues to prove that you know they're 721 00:40:15,240 --> 00:40:17,600 essentially beating everyone because of their Bitcoin 722 00:40:17,600 --> 00:40:20,480 strategy so we're going to be talking it's going to be an 723 00:40:20,480 --> 00:40:23,640 interesting discussion during the news segment but first we're 724 00:40:23,840 --> 00:40:26,760 going to be talking about all things coin kite, all things 725 00:40:26,760 --> 00:40:29,640 cold card, the importance of self custody during the culture 726 00:40:29,640 --> 00:40:31,280 segment. So I'm going to change it up 727 00:40:31,280 --> 00:40:33,880 because Opti changed it up on Friday and I liked how that was. 728 00:40:33,880 --> 00:40:34,840 There's a little bit of a change up. 729 00:40:34,920 --> 00:40:36,320 We're going to be doing this from now on. 730 00:40:36,320 --> 00:40:40,320 We're going to be doing news culture, just add more dynamism 731 00:40:40,320 --> 00:40:43,760 to today's show. So lots of content, lots of 732 00:40:43,760 --> 00:40:46,440 stuff to get to. But before we jump into it, I 733 00:40:46,440 --> 00:40:48,120 want to give a shout out to the live stream. 734 00:40:48,280 --> 00:40:52,360 Shout out to the more than 1000 of you guys watching live 735 00:40:52,360 --> 00:40:55,480 between YouTube and X, and shout out to the almost 100 of you 736 00:40:55,480 --> 00:40:57,440 guys watching live on Rumble. If you guys are enjoying the 737 00:40:57,440 --> 00:41:01,000 show so far, make sure to smash that like button on YouTube. 738 00:41:01,480 --> 00:41:05,920 There's 165 likes, help us break 200 likes and then 250 likes. 739 00:41:05,920 --> 00:41:09,600 So guys smash that like button. We will be right back. 740 00:41:09,600 --> 00:41:10,840 We're going to hit the culture segment. 741 00:41:12,040 --> 00:41:15,320 I want to give a shout out to our partner Hive Digital 742 00:41:15,320 --> 00:41:18,880 Technologies. As the first ever public miner, 743 00:41:18,960 --> 00:41:24,360 Hive's position to quadruple their global footprint in 2025 744 00:41:24,600 --> 00:41:29,240 and as the first with an AI strategy, Hive continues to make 745 00:41:29,240 --> 00:41:32,960 moves in sustainable high performance computing. 746 00:41:33,160 --> 00:41:37,280 They consistently topped the industry in Bitcoin mine, per 747 00:41:37,280 --> 00:41:41,120 Exahash, and now they're headquartered in the USA. 748 00:41:41,280 --> 00:41:44,200 They're lean and mean, they're green and clean, and they're 749 00:41:44,200 --> 00:41:47,800 changing the game. You can catch the latest buzz by 750 00:41:47,800 --> 00:41:51,680 following them at Hive Digital Tech or check out their website 751 00:41:51,720 --> 00:42:05,920 at Hive digitaltech.com. I want to give a shout out to 752 00:42:05,920 --> 00:42:09,120 our partner coin kite. If you take your Bitcoin 753 00:42:09,120 --> 00:42:13,120 security seriously, you'll need the best Bitcoin hardware wallet 754 00:42:13,120 --> 00:42:15,160 on the market to take self custody. 755 00:42:15,400 --> 00:42:19,280 That's where cold card comes in The cold card queue is the most 756 00:42:19,280 --> 00:42:22,240 advanced Bitcoin signing device ever made. 757 00:42:22,400 --> 00:42:26,560 It's got a full keyboard, larger screen and NFC support, making 758 00:42:26,600 --> 00:42:28,840 air gap signing easier than ever. 759 00:42:28,920 --> 00:42:32,240 It's built for power users who want the ultimate security 760 00:42:32,280 --> 00:42:36,000 without sacrificing usability. And if you're looking for a 761 00:42:36,000 --> 00:42:41,400 battle tested on compromising cold storage, the Cold Card MK4 762 00:42:41,400 --> 00:42:45,080 is your go to. With PSBT signing an industrial 763 00:42:45,080 --> 00:42:48,880 grade secure element and USBC, it's the perfect blend of 764 00:42:48,880 --> 00:42:53,400 security and convenience. Both devices are of course, 100% 765 00:42:53,560 --> 00:42:57,640 Bitcoin only open source and built by Bitcoiners for 766 00:42:57,640 --> 00:43:00,400 Bitcoiners. Secure your Bitcoin the right 767 00:43:00,400 --> 00:43:03,400 way with the Cold Card queue and the MK4. 768 00:43:03,560 --> 00:43:08,000 Head over to coldcard.com today and use promo code simply to get 769 00:43:08,000 --> 00:43:14,400 5% off anything on the store. All right, everybody in my hand, 770 00:43:14,400 --> 00:43:18,400 I'm holding the cold card queue. Like I said, incredibly easy to 771 00:43:18,400 --> 00:43:21,880 use, but it doesn't sacrifice security in the process. 772 00:43:21,880 --> 00:43:25,240 Completely open source has secure elements. 773 00:43:25,240 --> 00:43:27,680 We're going to be asking the all these questions in about a 774 00:43:27,680 --> 00:43:30,920 second or so. Scan the QR code on your screen. 775 00:43:30,920 --> 00:43:34,200 Right now you get 5% off anything on the Coin Kite store. 776 00:43:35,000 --> 00:43:38,120 Head over to coinkite.com today, use our link in the video 777 00:43:38,120 --> 00:43:42,520 description scan the QR code. Anyways, I do want to bring up D 778 00:43:42,520 --> 00:43:46,560 back on stage. So D mean super excited to 779 00:43:46,560 --> 00:43:49,680 partner up with you guys been a big fan of a coinkite for a 780 00:43:49,680 --> 00:43:52,400 while now. You guys have two main hardware 781 00:43:52,400 --> 00:43:54,000 wallets. Big big fan of both. 782 00:43:54,280 --> 00:43:58,840 You have the MK4 and the the cold card queue right? 783 00:43:58,840 --> 00:44:02,520 The cold card queue again. Hey, don't forget the open 784 00:44:02,520 --> 00:44:04,720 Dimes. The open Dimes are dope. 785 00:44:04,880 --> 00:44:07,480 The block clock is dope. I have AI, have AI have a block 786 00:44:07,480 --> 00:44:10,600 clock. But yeah, go, go to the block 787 00:44:10,600 --> 00:44:12,040 clock because the block clock is super cool. 788 00:44:12,440 --> 00:44:15,880 Yeah. So yes, a lot of products, but I 789 00:44:15,920 --> 00:44:18,280 I think everyone should have a block clock in their homes. 790 00:44:19,080 --> 00:44:21,160 I think it's like a rite of passage as a bitcoiner at this 791 00:44:21,160 --> 00:44:23,640 point. And essentially what it is, it's 792 00:44:23,640 --> 00:44:25,760 just it's a physical device, right? 793 00:44:25,800 --> 00:44:29,920 Look, it's pretty it's like this size and essentially it changes 794 00:44:30,320 --> 00:44:35,400 with if the if the block you could set it, it's customizable, 795 00:44:35,400 --> 00:44:38,520 right? So if you know the price of 796 00:44:38,520 --> 00:44:41,080 Bitcoin goes up, you know, show you the latest price of Bitcoin 797 00:44:41,080 --> 00:44:43,840 should just show you the latest, you know, SAT's per dollar or 798 00:44:43,840 --> 00:44:48,160 Moscow time, the market cap block high, anything you want, 799 00:44:48,160 --> 00:44:49,960 you could put it there. It's customizable. 800 00:44:50,680 --> 00:44:54,080 It's about this size. And I was so curious too, Dee, 801 00:44:54,160 --> 00:44:58,600 what would happen to the block clock when we went over 100K And 802 00:44:58,640 --> 00:45:01,160 essentially, yeah, I think you guys just got rid of the dollar 803 00:45:01,160 --> 00:45:02,560 and it was just like, it was like 100. 804 00:45:02,560 --> 00:45:04,040 That's right. What are you guys gonna do when 805 00:45:04,040 --> 00:45:07,280 it goes to like a million? You gotta buy a new one. 806 00:45:07,480 --> 00:45:08,960 You gotta buy a new one. You guys gotta make. 807 00:45:09,000 --> 00:45:11,720 An extended block clock. Well, something that you can 808 00:45:11,720 --> 00:45:15,520 also look into is, you know, we have other currencies besides 809 00:45:15,520 --> 00:45:19,360 the dollar on there, right? So check it out in in Japanese 810 00:45:19,360 --> 00:45:22,000 yen or, or or something like that that have a higher 811 00:45:22,000 --> 00:45:24,520 denomination and and you'll find out, right. 812 00:45:24,520 --> 00:45:27,960 So OK, that's right. Yeah, it's not just U.S. dollar. 813 00:45:27,960 --> 00:45:30,040 So, yeah, I think those are really cool. 814 00:45:30,520 --> 00:45:35,240 Obviously those aren't our our security cold storage device. 815 00:45:35,240 --> 00:45:40,040 It's more of a fun Bitcoin product that you can display all 816 00:45:40,040 --> 00:45:43,040 your all your units of whatever you want to want to display on 817 00:45:43,040 --> 00:45:45,520 there. All the currencies or yes, the 818 00:45:45,520 --> 00:45:50,120 Bitcoin price, whatever currency you want, block height, things 819 00:45:50,120 --> 00:45:52,520 like that, we also offer. Yeah, go ahead. 820 00:45:52,680 --> 00:45:55,720 So let's talk about, let's talk about the two hardware wallets 821 00:45:55,720 --> 00:45:58,400 that you guys offer, right? It was the Q and the MK4. 822 00:45:59,560 --> 00:46:01,760 What are the difference between the two? 823 00:46:02,560 --> 00:46:04,560 Yeah, for sure. So they both have the same 824 00:46:04,560 --> 00:46:07,360 security, meaning that they both have two secure elements that 825 00:46:07,360 --> 00:46:11,880 basically keep everyone out. You basically they're basically 826 00:46:11,880 --> 00:46:14,400 impenetrable. These two secure elements are 827 00:46:14,400 --> 00:46:17,680 from two different manufacturers as well as our MCU board. 828 00:46:18,360 --> 00:46:20,840 That's what you'd have to breakthrough basically 3 layers 829 00:46:20,840 --> 00:46:23,480 to even try and crack the pin to get into the device. 830 00:46:24,440 --> 00:46:27,680 And the the differences are the Q is kind of an upgraded version 831 00:46:27,680 --> 00:46:32,440 where it has that, that that full QWERTY keyboard, it has AQR 832 00:46:32,440 --> 00:46:36,920 code scanner, it has, you know, upgraded NFC, things like that. 833 00:46:37,360 --> 00:46:41,160 So both devices are fantastic and highly recommend both. 834 00:46:41,520 --> 00:46:43,720 You know, I sometimes like the MK4 because it's a little 835 00:46:43,720 --> 00:46:45,080 slimmer. It can fit in your pocket. 836 00:46:45,080 --> 00:46:49,200 It's not as bulky, right? The queue has that QR function 837 00:46:49,200 --> 00:46:52,880 where you can scan nunchuck or or Sparrow to assign a 838 00:46:52,880 --> 00:46:57,120 transaction and then you can show it to your show it to your 839 00:46:57,120 --> 00:46:59,360 screen. And then basically import that 840 00:46:59,360 --> 00:47:02,560 PSBT, which is a partially signed Bitcoin transaction and 841 00:47:02,560 --> 00:47:05,680 broadcast that if you want. There's just plenty of options 842 00:47:05,960 --> 00:47:09,160 and just more of an upgraded MK4 same security. 843 00:47:09,760 --> 00:47:13,320 So nothing like that where Oh no, I I need to upgrade because 844 00:47:13,320 --> 00:47:17,440 I I want better security. Still same security, still a 845 00:47:17,440 --> 00:47:19,880 rock solid castle to to store your Bitcoin. 846 00:47:20,120 --> 00:47:25,160 So let's talk about the so OK, so you mention a lot of things 847 00:47:25,160 --> 00:47:28,520 there, right. So let's try to pack them. 848 00:47:29,480 --> 00:47:32,720 So can you talk, can you talk to us a little bit about what, what 849 00:47:32,720 --> 00:47:34,080 do you mean about the secure element? 850 00:47:34,200 --> 00:47:36,720 So you have two different manufacturers. 851 00:47:36,720 --> 00:47:38,120 What does that mean? Yeah. 852 00:47:38,240 --> 00:47:39,400 And then why? Why should? 853 00:47:39,400 --> 00:47:42,520 Why should someone like what, what is the purpose of buying 854 00:47:42,520 --> 00:47:43,720 this? Right, right. 855 00:47:43,720 --> 00:47:46,400 Like like you, let's say you have Bitcoin, let's say you have 856 00:47:46,400 --> 00:47:49,160 it on exchange, like why should you buy? 857 00:47:49,160 --> 00:47:54,000 You know, why should you spend a couple $100 on, you know, on MQ 858 00:47:54,000 --> 00:47:56,280 or an MK4? Of course, yes. 859 00:47:56,480 --> 00:48:00,880 So basically a hardware wallet or a cold card Q or MK4 is like 860 00:48:00,880 --> 00:48:02,360 a Swiss bank account in your pocket. 861 00:48:02,360 --> 00:48:07,560 It has military grade security where basically you cannot get 862 00:48:07,560 --> 00:48:12,640 into this device, you know, like it, it the, the, the, the reason 863 00:48:12,640 --> 00:48:15,080 why you want something that someone can't get into is so 864 00:48:15,080 --> 00:48:18,480 that you, you can't be hacked or you can't have your funds 865 00:48:18,480 --> 00:48:22,440 stolen, obviously. So having the, the top, top of 866 00:48:22,440 --> 00:48:24,520 the line secure elements helps you do that. 867 00:48:24,880 --> 00:48:28,080 Think of it like a, a black box or like a labyrinth where 868 00:48:28,080 --> 00:48:31,000 there's a a billion paths and you have to figure out how to 869 00:48:31,000 --> 00:48:34,120 get through that labyrinth to, to infiltrate that device. 870 00:48:34,840 --> 00:48:37,400 These, these, these secure elements help you do that. 871 00:48:37,640 --> 00:48:40,760 And the fact that there's two from two different manufacturers 872 00:48:41,880 --> 00:48:44,800 aids in that, where instead of just one, you need to 873 00:48:44,800 --> 00:48:49,120 breakthrough 2 plus the MCU. So basically just stacking 874 00:48:49,120 --> 00:48:52,840 security on top of each other, making sure that your Bitcoin is 875 00:48:52,840 --> 00:48:54,840 is as secure as possible. Gotcha. 876 00:48:54,840 --> 00:48:56,880 And then let me ask you something else too, right? 877 00:48:56,880 --> 00:49:01,880 So, OK, so there's a bunch of different ways to sign a 878 00:49:01,880 --> 00:49:07,560 transaction with these, right? There's the the SD card, there's 879 00:49:07,560 --> 00:49:12,000 the QR signer, which I think is some one of the easiest in my 880 00:49:12,000 --> 00:49:14,200 opinion. Then there's NFC which is 881 00:49:14,200 --> 00:49:16,840 essentially tap. If you guys have ever gone to 882 00:49:16,840 --> 00:49:21,880 like proof of stale proof. If you ever like a 711, you're 883 00:49:21,880 --> 00:49:24,160 trying to pay for something and you want your iPhone, Apple, 884 00:49:24,520 --> 00:49:28,400 that's NFC. And then there's the USBC. 885 00:49:29,000 --> 00:49:33,080 If I sign a transaction using USBC, is that insecure? 886 00:49:34,280 --> 00:49:37,720 So I would say it's still very secure, but it is less secure, 887 00:49:37,720 --> 00:49:39,560 right. So think of it like the USB 888 00:49:39,560 --> 00:49:41,800 stack has more vulnerabilities to it. 889 00:49:42,760 --> 00:49:45,600 If you, if you sign something via USB, it's not the end of the 890 00:49:45,600 --> 00:49:48,200 world. But it is less secure than 891 00:49:48,200 --> 00:49:51,640 scanning AQR code, right? You, you wanna be able to read 892 00:49:51,640 --> 00:49:56,560 what you're signing and by by scanning AQR code or, or, or 893 00:49:56,640 --> 00:49:59,600 importing it via SD card, you know exactly what you're 894 00:49:59,600 --> 00:50:02,360 signing. And even on the queue screen and 895 00:50:02,360 --> 00:50:06,960 even on the MK4 screen before you sign anything, it says where 896 00:50:06,960 --> 00:50:08,640 is where are you sending this Bitcoin to? 897 00:50:08,680 --> 00:50:11,680 Here's the address. How much are you sending and 898 00:50:11,680 --> 00:50:14,400 what's the fee rate and the change address and all those 899 00:50:14,400 --> 00:50:17,360 things. So that shows up on a screen and 900 00:50:17,680 --> 00:50:21,440 on the cold card screen so that you're, so that you're ensuring 901 00:50:21,440 --> 00:50:24,040 that you're signing what you want to sign, right. 902 00:50:24,200 --> 00:50:27,360 If it says, hey, I'm signing all your Bitcoin away to this random 903 00:50:27,360 --> 00:50:31,240 address that I don't know, then hey, maybe I'm not going to sign 904 00:50:31,240 --> 00:50:33,120 that message, right? So it's really. 905 00:50:33,280 --> 00:50:35,840 Important to have that. What are the vulnerabilities 906 00:50:35,840 --> 00:50:39,480 with like USBC signing? Because I feel like that is like 907 00:50:39,480 --> 00:50:43,360 the, the majority of people are using a hardware wallet, right? 908 00:50:43,360 --> 00:50:46,320 They're not using SD cards, they're not using NFC, they're 909 00:50:46,320 --> 00:50:50,480 not using, they're using USB, like USB whatever to plug in 910 00:50:50,480 --> 00:50:52,520 their hardware wallet. Like what are the 911 00:50:52,520 --> 00:50:55,320 vulnerabilities there? Is it a vulnerability on the 912 00:50:55,320 --> 00:50:59,080 device itself? If you plug in the device into a 913 00:50:59,080 --> 00:51:01,080 computer, is that potential like the computer? 914 00:51:01,080 --> 00:51:03,840 Is it uploading malware into device? 915 00:51:03,840 --> 00:51:05,640 What are the actual vulnerabilities there? 916 00:51:06,000 --> 00:51:09,720 Yeah, it's more like, say your computer was compromised and you 917 00:51:09,720 --> 00:51:14,320 now have a direct, Direct Line between you and your offline 918 00:51:14,320 --> 00:51:17,200 device, right? We have a we have a, a, a saying 919 00:51:17,280 --> 00:51:24,040 or a phrase called air gaps in, in in Bitcoin where you do not 920 00:51:24,040 --> 00:51:27,280 want a Direct Line like that connecting your device to your 921 00:51:27,280 --> 00:51:29,720 computer. It's not like the device will 922 00:51:29,720 --> 00:51:33,200 actually ever give up any important information. 923 00:51:33,200 --> 00:51:35,200 There's no been no evidence of that ever. 924 00:51:35,840 --> 00:51:38,720 But in the future that could possibly be a thing, right? 925 00:51:39,000 --> 00:51:42,720 Security is a moving goal post and there are consistent 926 00:51:42,800 --> 00:51:47,560 upgrades and malicious things that people do to computers and 927 00:51:47,560 --> 00:51:50,720 devices to grab what they want, which is your Bitcoin. 928 00:51:51,360 --> 00:51:55,440 So having having that layer or that defense of of air gaps 929 00:51:55,880 --> 00:51:59,400 where you don't have a direct connection into your computer is 930 00:51:59,400 --> 00:52:02,280 extremely important just to kind of future, future proof 931 00:52:02,280 --> 00:52:05,400 yourself, right? It's not that you will get 932 00:52:05,400 --> 00:52:09,440 hacked or that will happen, but just just being prepared is is 933 00:52:09,440 --> 00:52:11,520 always better than than not right? 934 00:52:11,960 --> 00:52:14,320 Gotcha. And what differentiates yourself 935 00:52:14,720 --> 00:52:18,320 compared to other hardware wallet manufacturers? 936 00:52:18,360 --> 00:52:20,800 Like why should people trust you guys? 937 00:52:20,800 --> 00:52:22,120 Like why? Why should people get a cold 938 00:52:22,120 --> 00:52:26,680 card compared to, you know, all the other manufacturers that are 939 00:52:26,680 --> 00:52:29,720 out there? Yeah, we, we have a saying that 940 00:52:30,000 --> 00:52:32,360 don't trust verify. So you don't need to trust us, 941 00:52:32,360 --> 00:52:35,880 right. We, we give you the device with 942 00:52:35,880 --> 00:52:39,440 an upgrade or two out of date so that you yourself can verify 943 00:52:39,440 --> 00:52:42,240 your the firmware yourself before flashing it to the latest 944 00:52:42,240 --> 00:52:45,840 upgrade. There's also the, the, the 945 00:52:45,840 --> 00:52:51,000 secure elements and the hardware is all online on GitHub for you 946 00:52:51,000 --> 00:52:55,680 to view fully auditable for the end customer so that you can 947 00:52:55,680 --> 00:52:58,240 make sure that what you're running on your device is is 948 00:52:58,240 --> 00:53:01,040 actually what we say is running on it, right? 949 00:53:01,040 --> 00:53:03,360 And again, you can upgrade it yourself. 950 00:53:03,360 --> 00:53:06,400 We don't push any upgrades by ourselves. 951 00:53:06,840 --> 00:53:10,640 You are the one that will do that because we don't we don't 952 00:53:10,640 --> 00:53:12,000 want to push a malicious upgrade on you. 953 00:53:12,160 --> 00:53:14,840 There's been evidence of other companies that have done that 954 00:53:15,160 --> 00:53:19,040 and it's not good, right? We also have a lot of feature 955 00:53:19,040 --> 00:53:23,640 rich things on a device like trick pins, like those anti 956 00:53:23,640 --> 00:53:25,720 phishing words. So when you when you sign into 957 00:53:25,720 --> 00:53:29,000 your device, it will say 2 anti phishing words and if those 958 00:53:29,080 --> 00:53:32,080 those words are incorrect, you know that your device has been 959 00:53:32,080 --> 00:53:34,720 tampered with and that you do not, you should not log into 960 00:53:34,720 --> 00:53:37,600 that device. You know, we have our two secure 961 00:53:37,600 --> 00:53:40,040 elements rather than one. Things like that. 962 00:53:40,040 --> 00:53:41,480 Those are what's really important. 963 00:53:41,880 --> 00:53:44,240 Even our device itself is fully transparent, right? 964 00:53:44,240 --> 00:53:47,960 You can see exactly on the device, what's what's, what 965 00:53:47,960 --> 00:53:51,040 components it's made out of. There's no, there's no chip out 966 00:53:51,040 --> 00:53:52,720 of place. There's no, there's nothing like 967 00:53:52,720 --> 00:53:54,760 that. And if there was, you'd know. 968 00:53:55,400 --> 00:53:56,640 So that's kind of really important. 969 00:53:56,880 --> 00:54:00,920 And yeah, full of advanced features like brick me pins. 970 00:54:01,120 --> 00:54:03,840 A brick me pin is basically like if, if you have some, if you, if 971 00:54:03,840 --> 00:54:06,480 a guy has a gun to your head and you don't want to, to let them 972 00:54:06,480 --> 00:54:09,440 in, you can put in a different pin and completely brick the 973 00:54:09,440 --> 00:54:13,200 device and render it useless. You know that that's a, that's a 974 00:54:13,480 --> 00:54:15,920 advanced feature of our device. And we recommend, you know, 975 00:54:16,160 --> 00:54:19,880 leaning into that slowly. But those are just some of the 976 00:54:20,080 --> 00:54:23,560 the many things that we offer. Yeah, And then also I I want to 977 00:54:23,560 --> 00:54:26,440 talk about this too, right. You mentioned that that it was 978 00:54:26,440 --> 00:54:27,840 transparent. I'm gonna make myself full 979 00:54:27,840 --> 00:54:31,040 screen. So this is a back on the back. 980 00:54:31,080 --> 00:54:34,040 It has a little thing that says shoot here. 981 00:54:34,440 --> 00:54:37,240 What is that D? Yeah, yeah, that. 982 00:54:37,240 --> 00:54:40,240 So that shoot here is those are the two secure elements. 983 00:54:40,440 --> 00:54:44,360 So if you ever want to dispose of a device of a device 984 00:54:44,360 --> 00:54:47,520 properly, you can either shoot them with a gun or you can hold 985 00:54:47,560 --> 00:54:50,000 on. Hold on, we're on YouTube for 986 00:54:50,040 --> 00:54:51,480 sure. Metaphorically. 987 00:54:51,840 --> 00:54:55,920 Metaphorically Metaphorically Metaphorically metaphorically. 988 00:54:55,960 --> 00:54:57,840 Yes, Metaphorically self-defense. 989 00:54:58,120 --> 00:55:00,200 That's right. That's right, because you're. 990 00:55:00,200 --> 00:55:02,880 One of the danger metaphors, Yes. 991 00:55:02,880 --> 00:55:06,480 Apologies. You can use, you can use a 992 00:55:06,480 --> 00:55:08,760 drill, right? You can use a drill and drill 993 00:55:08,760 --> 00:55:12,280 into those secure elements so that your seed and everything 994 00:55:12,280 --> 00:55:15,440 that is important is, is totally lost. 995 00:55:15,440 --> 00:55:18,840 There's no way to recover that. And hopefully you have a backup 996 00:55:19,040 --> 00:55:22,760 in a totally different location, you know, really far away, 997 00:55:23,040 --> 00:55:25,280 right? So, so it's really important 998 00:55:25,280 --> 00:55:28,000 that we, we put that there and, and so that people know how to 999 00:55:28,000 --> 00:55:29,680 dispose of these devices properly. 1000 00:55:30,240 --> 00:55:33,480 Yeah, 'cause you could toss out your, your hardware wallet and 1001 00:55:33,480 --> 00:55:35,640 three years later you're like, what happened? 1002 00:55:35,640 --> 00:55:38,040 Like, how did I, how did I lose money? 1003 00:55:38,040 --> 00:55:40,600 And it's, it's because someone may have picked that up in the 1004 00:55:40,600 --> 00:55:44,400 trash and maybe it didn't have a secure element on it or it had a 1005 00:55:44,400 --> 00:55:47,080 weak one. And, and they got into, into 1006 00:55:47,080 --> 00:55:49,520 your device and, and took your seed seed phrase, right. 1007 00:55:49,760 --> 00:55:54,040 Your seed phrase is the most important thing and you really 1008 00:55:54,040 --> 00:55:57,120 need to keep care of that and and this is one way to do it, by 1009 00:55:57,120 --> 00:55:59,560 drilling into those secure elements so that the seed phrase 1010 00:55:59,560 --> 00:56:00,960 is completely white from the device. 1011 00:56:01,280 --> 00:56:03,880 Absolutely, Absolutely. Hey, Nico, I got one. 1012 00:56:04,600 --> 00:56:07,320 This might be the the way to end this and go back into some 1013 00:56:07,320 --> 00:56:10,040 bullish news here. But we have a great comment in 1014 00:56:10,040 --> 00:56:13,120 the chat and I think this is one of the things we see constantly 1015 00:56:13,120 --> 00:56:15,240 with people. So I don't want to put you on 1016 00:56:15,240 --> 00:56:18,240 blast because it looks like it's your full name, but someone in 1017 00:56:18,240 --> 00:56:20,880 the chat said I still need to do myself custody. 1018 00:56:21,040 --> 00:56:24,360 I have my Bitcoin on multiple changes so I think we need to 1019 00:56:24,360 --> 00:56:28,120 just go back to basics. Why do people need to have a 1020 00:56:28,160 --> 00:56:32,160 hardware device or basically get their Bitcoin off exchanges into 1021 00:56:32,160 --> 00:56:34,480 self custody? Absolutely, Yeah. 1022 00:56:34,480 --> 00:56:37,080 I mean, the first sentence of the Bitcoin white paper is a 1023 00:56:37,080 --> 00:56:42,960 peer-to-peer electronic cash without financial institutions, 1024 00:56:42,960 --> 00:56:45,360 right? So if you're holding your, your 1025 00:56:45,360 --> 00:56:49,960 Bitcoin with a financial institution, you are still kind 1026 00:56:49,960 --> 00:56:53,400 of stuck in the legacy system where you have to ask everyone 1027 00:56:53,400 --> 00:56:56,120 or them permission to, to move your money. 1028 00:56:56,360 --> 00:57:01,240 If you go to a bank and ask to move it or, or to withdraw, you 1029 00:57:01,240 --> 00:57:03,600 know, $20,000, they're going to say, what the heck? 1030 00:57:03,600 --> 00:57:05,120 What do you need that for? Why? 1031 00:57:05,120 --> 00:57:07,960 And they're going to, they're going to KYC you up the ass and 1032 00:57:07,960 --> 00:57:11,200 it's going to suck. So if you don't want to ask 1033 00:57:11,200 --> 00:57:15,120 permission and you want to take custody of your own money and 1034 00:57:15,120 --> 00:57:18,960 move it yourself and never have to ask permission, it's it's 1035 00:57:18,960 --> 00:57:22,080 really important for you to self custody and and cold card can 1036 00:57:22,080 --> 00:57:25,200 help you do that. Amazing, love that, love that 1037 00:57:25,200 --> 00:57:27,720 guys. Go to check the link in the 1038 00:57:27,720 --> 00:57:30,960 video description or scan the QR code on your screen. 1039 00:57:31,080 --> 00:57:32,960 Remember, not your keys, not your cheese. 1040 00:57:32,960 --> 00:57:36,080 Get yourself a cold card queue or the MK4. 1041 00:57:36,080 --> 00:57:39,480 Big fan of both love these hardware wallets. 1042 00:57:39,480 --> 00:57:42,640 Use them personally. Yeah, go check them out, guys. 1043 00:57:42,640 --> 00:57:46,040 And of course, get yourself a block clock. 1044 00:57:46,200 --> 00:57:49,200 I think every every bitcoiners should have one at least you'll 1045 00:57:49,200 --> 00:57:51,600 start to notice that. Not at home right now. 1046 00:57:51,600 --> 00:57:53,000 We're in Dallas for a bit. Block boom. 1047 00:57:53,000 --> 00:57:56,720 We're going to be here for the rest of the week, but one more 1048 00:57:56,720 --> 00:57:58,160 in the back. Go ahead. 1049 00:57:58,160 --> 00:58:00,560 One more thing someone asked, you know how, how do you know 1050 00:58:00,560 --> 00:58:03,800 that my private key isn't or my seed words aren't like pre 1051 00:58:03,800 --> 00:58:06,960 generated, right? And you can actually go on on 1052 00:58:06,960 --> 00:58:10,480 our devices and we offer this thing called dice rolls where 1053 00:58:10,480 --> 00:58:14,000 you can roll dice and you can enter in all the all the inputs. 1054 00:58:14,000 --> 00:58:18,040 You know, you roll it 99 times to get 256 bits of entropy. 1055 00:58:18,240 --> 00:58:21,920 I know big words, but that's what you need to create a 12 or 1056 00:58:21,920 --> 00:58:25,440 24 word seed. And you can do that on both 1057 00:58:25,440 --> 00:58:27,360 devices, right? If you had two devices side by 1058 00:58:27,360 --> 00:58:31,400 side and you entered in the exact same inputs from those 1059 00:58:31,480 --> 00:58:34,360 dice, you would get the exact same seed words. 1060 00:58:34,880 --> 00:58:37,920 And that's really important because if you didn't, then 1061 00:58:37,920 --> 00:58:41,680 you'd have a pre generated seed. So I think that's a really cool 1062 00:58:41,760 --> 00:58:45,160 way for people at home that may may not be super technical and 1063 00:58:45,160 --> 00:58:47,960 they can't really audit the entire firmware for themselves 1064 00:58:47,960 --> 00:58:51,320 and, and, and, and they have to quote UN quote, trust a little 1065 00:58:51,320 --> 00:58:54,080 bit more. They can do that seed or they 1066 00:58:54,080 --> 00:58:57,760 can do the dice roll function on two devices and see, oh wow, I 1067 00:58:57,760 --> 00:59:00,440 get the same seeds on both devices. 1068 00:59:00,880 --> 00:59:02,920 I think that's a really cool, cool way to verify. 1069 00:59:03,160 --> 00:59:05,040 Absolutely. And then also to you guys like 1070 00:59:05,040 --> 00:59:08,640 you can like what what I personally do to generate a 1071 00:59:08,680 --> 00:59:11,240 because I'm a paranoid mother effer because I've been in 1072 00:59:11,240 --> 00:59:14,640 Bitcoin for a long time. I literally have all 2000 1073 00:59:14,640 --> 00:59:18,960 something words and I literally put like scramble them, put them 1074 00:59:18,960 --> 00:59:23,120 in a pot and mix them manually and just pick out one word by 1075 00:59:23,120 --> 00:59:27,040 one and then put it back in, scramble it manually and put it 1076 00:59:27,040 --> 00:59:30,040 back in. And then those are my 23 words. 1077 00:59:30,040 --> 00:59:33,720 And I believe like the cold card or something generates the last 1078 00:59:33,720 --> 00:59:36,800 the I don't know what the checksum, the checksum, right. 1079 00:59:36,800 --> 00:59:41,000 So I'll, I'll pick me manually the 1st 23 and then I think the 1080 00:59:41,000 --> 00:59:42,960 checksum will give you a bunch of options of what? 1081 00:59:42,960 --> 00:59:43,920 Yeah. There's probably like four 1082 00:59:43,920 --> 00:59:45,720 options to choose from with the 24 word, yeah. 1083 00:59:45,960 --> 00:59:47,640 Correct. And then that's what I 1084 00:59:47,640 --> 00:59:50,080 personally do because I'm a paranoid mother at her and I'm 1085 00:59:50,080 --> 00:59:51,720 like, you know what? I don't want to do any. 1086 00:59:51,720 --> 00:59:53,440 I want to do this completely offline. 1087 00:59:53,600 --> 00:59:59,080 But you can essentially import that seed into the cold card and 1088 00:59:59,080 --> 01:00:00,720 then, you know, that will be your seed. 1089 01:00:00,720 --> 01:00:02,080 So there's many, there's different. 1090 01:00:02,080 --> 01:00:04,680 You could use the random number generator on the device. 1091 01:00:04,880 --> 01:00:08,280 You could use the dice roll method as what Dee was referring 1092 01:00:08,280 --> 01:00:10,200 to. So there's a bunch of other, 1093 01:00:10,200 --> 01:00:11,760 some people are already fans of it. 1094 01:00:11,760 --> 01:00:13,920 We have Andrew in the chat. Dice rolls are awesome. 1095 01:00:13,920 --> 01:00:16,760 That was so much fun, right? So, yeah, there's a bunch of, 1096 01:00:16,880 --> 01:00:18,720 it's all up to you. That's the whole point. 1097 01:00:18,720 --> 01:00:22,240 It gives you a bunch of variety on how to protect your Bitcoin 1098 01:00:22,560 --> 01:00:25,840 on, you know, different, different. 1099 01:00:26,360 --> 01:00:29,200 If you're in different types of situations, right, where you 1100 01:00:29,200 --> 01:00:33,160 just want to break your device, you know, you a decoy, whatever 1101 01:00:33,480 --> 01:00:34,880 it gives you all those things, right? 1102 01:00:34,880 --> 01:00:36,600 It's a, it's a, it's a big rabbit hole. 1103 01:00:36,600 --> 01:00:40,240 So go check out cold card use promo code simply again, you get 1104 01:00:40,240 --> 01:00:43,680 5% off anything on the store. We recently just partnered with 1105 01:00:43,680 --> 01:00:45,680 them and happy to have Dee on the show today. 1106 01:00:45,960 --> 01:00:48,120 Guys, we still have a ton of content for you guys. 1107 01:00:48,600 --> 01:00:51,120 We have a bunch of news that we want to get to. 1108 01:00:51,320 --> 01:00:54,720 Michael Saylor continues to want to buy all the Bitcoin for 1109 01:00:54,720 --> 01:00:58,000 better or for worse. And I I I think we already 1110 01:00:58,000 --> 01:01:00,680 covered the Eric Trump news and then we're going to be talking 1111 01:01:00,680 --> 01:01:04,840 about this recent cycle, which I think a lot has a lot of people 1112 01:01:04,840 --> 01:01:07,960 concerned. I would say is, you know, gives 1113 01:01:07,960 --> 01:01:12,440 you a longer opportunity to check the to stack cheaper SAT. 1114 01:01:12,440 --> 01:01:14,360 So anyways, guys, we're going to hit the new segment. 1115 01:01:14,360 --> 01:01:18,160 We will be right back. 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All right, everybody, we are 1157 01:03:49,600 --> 01:03:53,200 back. Let's get into today's news. 1158 01:03:53,200 --> 01:03:56,280 All right, so I'm going to start off with this just because I 1159 01:03:56,280 --> 01:03:59,560 know this is on a lot of people's minds just based on 1160 01:03:59,560 --> 01:04:05,040 just the general feeling on on it's so it's so weird saying 1161 01:04:05,040 --> 01:04:08,200 Bitcoin X it's not Bitcoin Twitter anymore. 1162 01:04:08,200 --> 01:04:10,760 It's Bitcoin X. It'll always be Twitter in my 1163 01:04:10,760 --> 01:04:12,200 heart. It'll be Twitter, yeah. 1164 01:04:14,000 --> 01:04:17,040 Well, this is the general consensus on Bitcoin X or 1165 01:04:17,040 --> 01:04:21,760 Bitcoin Twitter Bitcoin, and this is a Gordon Altcoin. 1166 01:04:21,800 --> 01:04:26,840 Gordon says Bitcoin and Ethereum are closing Q1 with the worst 1167 01:04:26,840 --> 01:04:29,840 returns in seven years. Can you? 1168 01:04:30,120 --> 01:04:34,120 Zoom in more online I can't. Bitcoin and who who cares about 1169 01:04:34,120 --> 01:04:36,680 the Ethereum one? Let's just focus on this one. 1170 01:04:37,040 --> 01:04:43,640 Bitcoin quarterly returns again, the worst return in seven years. 1171 01:04:43,640 --> 01:04:45,280 This is what we're all feeling right now. 1172 01:04:45,280 --> 01:04:47,520 This is why you're like, wait a second price should be way 1173 01:04:47,520 --> 01:04:49,600 higher. What's going on? 1174 01:04:50,240 --> 01:04:55,520 This is what's going on now. If you actually compare the like 1175 01:04:55,520 --> 01:05:01,000 different eras, right? The red line is the current era, 1176 01:05:01,680 --> 01:05:06,240 the orange line is the 2017 cycle, the green line is the 1177 01:05:06,240 --> 01:05:08,920 2021 cycle, and then the blue is the 2013. 1178 01:05:09,400 --> 01:05:13,720 If it was like the green, we already made Bitcoin already 1179 01:05:13,720 --> 01:05:15,520 peaked. We already peaked. 1180 01:05:15,520 --> 01:05:18,360 Right now we're right now we're in the process of the denial 1181 01:05:18,360 --> 01:05:21,960 phase, right? We're like scratching like Nah, 1182 01:05:21,960 --> 01:05:26,480 it's going to go back up. It's going to go back up, but 1183 01:05:28,720 --> 01:05:31,080 one O 9, that was the peak, right? 1184 01:05:31,080 --> 01:05:34,440 That was the peak. Mika's officially a bear, guys. 1185 01:05:34,440 --> 01:05:38,040 Let's get him off the show. To be fair, to be fair, the 1186 01:05:38,040 --> 01:05:43,400 macro conditions have never been like this on all of bitcoins 1187 01:05:43,400 --> 01:05:48,600 previous peaks, right? And for better or for worse, 1188 01:05:49,600 --> 01:05:52,480 Bitcoin right now has become a macro asset. 1189 01:05:52,600 --> 01:05:55,680 Its market cap is huge. You have BlackRock involved. 1190 01:05:55,680 --> 01:05:58,040 You have the US government that wants to get involved. 1191 01:05:58,640 --> 01:06:05,280 So it's very correlated to how the NASDAQ is performing, how 1192 01:06:05,280 --> 01:06:08,960 the S&P is performing. And both the NASDAQ, I mean, 1193 01:06:08,960 --> 01:06:11,600 Tesla's stock has dropped like it dropped like 50%. 1194 01:06:11,640 --> 01:06:15,400 It was something wild since Trump's inauguration. 1195 01:06:15,400 --> 01:06:20,240 So Bitcoin currently is being treated like a risk on asset, 1196 01:06:21,240 --> 01:06:23,440 even though we all know it's a risk off asset, but it's being 1197 01:06:23,440 --> 01:06:28,240 treated as a risk on asset and it's reacting to the macro 1198 01:06:28,240 --> 01:06:31,200 environment. When Bitcoin was much smaller, 1199 01:06:31,440 --> 01:06:35,120 that wasn't the case. Right when when the market cap 1200 01:06:35,120 --> 01:06:36,320 was a lot smaller, that wasn't the case. 1201 01:06:36,320 --> 01:06:39,120 When Wall Street wasn't involved, it wasn't the case. 1202 01:06:39,720 --> 01:06:44,840 But now that Bitcoin's this big and it's maturing, it totally is 1203 01:06:44,840 --> 01:06:47,200 the case, at least from a price perspective. 1204 01:06:47,480 --> 01:06:54,440 Now from the good news is as soon as the macro environment 1205 01:06:54,440 --> 01:07:02,080 starts to become more optimistic about the future, Bitcoin is 1206 01:07:02,080 --> 01:07:05,080 going to be the thing that's going to be outpacing everything 1207 01:07:05,080 --> 01:07:06,680 else in, in terms of performance. 1208 01:07:07,040 --> 01:07:09,880 Right now, people are still skittish because of the whole 1209 01:07:09,880 --> 01:07:12,440 Trump, the tariff talk coming out of Trump. 1210 01:07:13,240 --> 01:07:17,280 People are are skittish just in general. 1211 01:07:17,280 --> 01:07:21,720 I mean, look, look, look at the, I mean, for a company the size 1212 01:07:21,720 --> 01:07:25,840 of Tesla for it to drop 50%, bro, that's not, that's not that 1213 01:07:25,840 --> 01:07:28,480 great, right? So just in general, the macro 1214 01:07:28,480 --> 01:07:33,720 environment isn't that great. And this isn't Bitcoin of 2017. 1215 01:07:34,720 --> 01:07:37,840 Bitcoin is heavily, heavily it, it's, it's just become a much 1216 01:07:37,840 --> 01:07:41,280 bigger asset and just the macro environment will affect it. 1217 01:07:41,560 --> 01:07:46,480 And unfortunately it's just happening during what we 1218 01:07:46,520 --> 01:07:50,440 normally would experience is the kind of euphoria phase of the 1219 01:07:50,440 --> 01:07:52,880 cycle. So this is kind of unknown 1220 01:07:52,880 --> 01:07:55,840 territory. Are are the cycles over? 1221 01:07:55,920 --> 01:07:57,320 Are the cycles over? That's another thing. 1222 01:07:57,320 --> 01:07:59,280 Are, are the Bitcoin cycles over? 1223 01:07:59,280 --> 01:08:02,480 That's a question for you guys. Is it just going to be like, you 1224 01:08:02,480 --> 01:08:06,280 know, it's just going to go up and to the right slowly and this 1225 01:08:06,280 --> 01:08:10,160 whole, you know, boom and bust type of thing that's happened in 1226 01:08:10,160 --> 01:08:12,800 Bitcoin's early history. Are, are those days behind it? 1227 01:08:13,200 --> 01:08:17,200 I mean from a simply Bitcoin's perspective, that's great right 1228 01:08:17,760 --> 01:08:20,640 'cause bear markets are Oh my God, it's it's just you know, 1229 01:08:20,760 --> 01:08:25,600 viewership disappears like the in fact, the whole industry is 1230 01:08:25,600 --> 01:08:28,680 kind of tied to the price of Bitcoin, like the miners, the 1231 01:08:28,720 --> 01:08:32,560 exchanges like price of Bitcoin really, you know, effects 1232 01:08:32,560 --> 01:08:36,000 everything and I'm I'm I'm positive on on the coin kite 1233 01:08:36,000 --> 01:08:38,319 side with D like kind of bull market. 1234 01:08:38,319 --> 01:08:41,080 I'm positive you guys make more sales, right just to just. 1235 01:08:41,080 --> 01:08:43,720 They also dump on us too, right? So exactly. 1236 01:08:44,080 --> 01:08:46,120 So like it just it just kind of it is the way it is. 1237 01:08:46,120 --> 01:08:50,359 Our whole industry is kind of now the the Pro is the 1238 01:08:50,359 --> 01:08:53,120 volatility of our businesses wouldn't be as great. 1239 01:08:53,520 --> 01:08:56,720 But you know, of course you don't get those crazy, crazy, 1240 01:08:56,760 --> 01:09:01,319 you know, movements. But look, I'm saying all of this 1241 01:09:01,800 --> 01:09:06,160 and we still saw Bitcoin go from 16 Ki believe that was the 1242 01:09:06,160 --> 01:09:13,520 bottom right 16 K to $109,000. So that's no small feat, right? 1243 01:09:13,520 --> 01:09:17,200 It's a big, big jump. Someone in the chat says 30% 1244 01:09:17,200 --> 01:09:19,160 correction cycles aren't broken yet. 1245 01:09:19,479 --> 01:09:23,279 Still the same as always. Maybe less volatile lows as more 1246 01:09:23,279 --> 01:09:26,960 buyers in market. Here's Pierre Richard and again, 1247 01:09:26,960 --> 01:09:29,120 a little bit of a kind of depressing, but I know it's on 1248 01:09:29,120 --> 01:09:30,640 everyone's mind, so I want to talk about it. 1249 01:09:31,640 --> 01:09:36,760 Bitcoins 4 year kagar is at historic lows because the Fed 1250 01:09:36,760 --> 01:09:40,200 raised interest rates. Bitcoin is still growing, it's 1251 01:09:40,200 --> 01:09:44,960 just slower until USD monetary policy materially loosens. 1252 01:09:45,279 --> 01:09:49,120 This is a competitive global currency market now that's the 1253 01:09:49,120 --> 01:09:52,080 crazy part and it's something that I think us bitcoiners have 1254 01:09:52,080 --> 01:09:56,960 been talking about lately. It's like, yo, like I remember 1255 01:09:56,960 --> 01:10:00,920 when I got into it, it was like, you know, we'll be your guide 1256 01:10:00,920 --> 01:10:04,040 through the separation of money and state, Bitcoin separation of 1257 01:10:04,040 --> 01:10:07,000 money and state. And like here we are in 2025 and 1258 01:10:07,000 --> 01:10:09,760 we're like, yo, SPR, it's happening, bro. 1259 01:10:09,760 --> 01:10:13,320 The president just said he's going to buy Bitcoin like, you 1260 01:10:13,320 --> 01:10:15,720 know, daddy think to the rescue baby. 1261 01:10:15,920 --> 01:10:18,320 Like, you know, so it's just funny. 1262 01:10:18,600 --> 01:10:22,200 But again, I think it's just, it's just the asset class has 1263 01:10:22,200 --> 01:10:24,200 matured. It's become a lot bigger. 1264 01:10:24,560 --> 01:10:27,040 It's become, you know, a global player. 1265 01:10:27,040 --> 01:10:28,840 And this is what Pierre Richard is mentioning. 1266 01:10:29,280 --> 01:10:35,960 But here's the truth, right? Bitcoin's four year CAGAR 13.3%. 1267 01:10:37,040 --> 01:10:40,240 It's a great return but definitely not what we're used 1268 01:10:40,280 --> 01:10:43,760 to right now, to be fair. To be fair, and someone didn't 1269 01:10:43,760 --> 01:10:49,320 mention this, the burner 7461 said four year CAGAR is also 1270 01:10:49,320 --> 01:10:52,760 susceptible to timing idiosyncrasies. 1271 01:10:52,760 --> 01:10:55,240 March 2021 was a parabolic upswing. 1272 01:10:55,520 --> 01:10:59,000 Kygar looks much more reasonable on a multi year moving average 1273 01:10:59,240 --> 01:11:02,240 or other smooth curve. So yeah, to be fair, right? 1274 01:11:02,240 --> 01:11:05,680 Cuz again, like it looks like this now, but what if, you know, 1275 01:11:05,680 --> 01:11:08,440 at the by year's end we're at 250K Bitcoin. 1276 01:11:08,440 --> 01:11:11,000 This number is going to completely change, right? 1277 01:11:11,400 --> 01:11:15,400 And again, it's something to pay attention to again, is the, the, 1278 01:11:15,480 --> 01:11:17,400 the raised interest rates of the Fed. 1279 01:11:17,480 --> 01:11:21,920 A lot of people are speculating that Trump is talking about all 1280 01:11:21,920 --> 01:11:26,240 these tariffs to essentially dump the economy, to force the 1281 01:11:26,240 --> 01:11:29,680 hand of the Fed to lower interest rates, and to make 1282 01:11:29,680 --> 01:11:33,400 money printer go Burr again. Or at least that's the theory. 1283 01:11:34,320 --> 01:11:36,760 So it's just, it's just interesting though, that like 1284 01:11:36,960 --> 01:11:40,000 we're as Bitcoiners, we're essentially cheering for we're 1285 01:11:40,840 --> 01:11:43,280 we're like the rest of the market, like waiting to see what 1286 01:11:43,280 --> 01:11:44,680 the Fed is going to do like that. 1287 01:11:44,720 --> 01:11:47,040 That that to me is, is interesting. 1288 01:11:47,560 --> 01:11:50,960 Anyhow, other news as well. Wait, wait, wait, Nico, can can 1289 01:11:50,960 --> 01:11:52,640 I chime in here? Can you go back to that first 1290 01:11:52,640 --> 01:11:57,680 chart that that the altcoin Gordon one 'cause I think there 1291 01:11:57,680 --> 01:11:59,640 is an interesting, interesting note here. 1292 01:11:59,640 --> 01:12:03,720 So the headline sounds really bad, You know, Bitcoin's worst 1293 01:12:03,760 --> 01:12:07,600 performing Q1 in seven years. But if you look at the 1294 01:12:07,600 --> 01:12:10,200 difference there, the 2018 one is the one they're talking 1295 01:12:10,200 --> 01:12:12,120 about. It was -49% right. 1296 01:12:12,520 --> 01:12:14,400 We obviously didn't get that in this Q1. 1297 01:12:14,400 --> 01:12:17,600 But if you look at the closest Q1 worst performance, it would 1298 01:12:17,600 --> 01:12:20,880 be 2020, which is the 10 negative 10.83%. 1299 01:12:21,120 --> 01:12:22,560 Now look at what it did the rest of the year. 1300 01:12:22,720 --> 01:12:26,600 Obviously, we all know the 2021 top was going into a bull 1301 01:12:26,600 --> 01:12:29,440 market. So if you kind of, you know, get 1302 01:12:29,440 --> 01:12:32,080 some parallel, here's obviously history doesn't repeat, but it 1303 01:12:32,080 --> 01:12:34,160 rhymes. It looks like we might be 1304 01:12:34,160 --> 01:12:38,280 getting a super bullish Q2Q3 and Q4 of the rest of the year. 1305 01:12:38,280 --> 01:12:41,920 So I don't know, we're doing a 2018 type cycle here because we 1306 01:12:41,920 --> 01:12:45,080 didn't get -50% we're kind of in this -10 range. 1307 01:12:45,240 --> 01:12:47,960 So it looks like the rest of the year, if we're following that, 1308 01:12:47,960 --> 01:12:50,280 it's going to be bullish. What if it's just red for the 1309 01:12:50,280 --> 01:12:55,080 rest of the That would suck. That'd be terrible. 1310 01:12:56,520 --> 01:13:00,040 Like like we peaked already Bros, just get used to it. 1311 01:13:00,040 --> 01:13:01,480 Just get used to it. We peaked. 1312 01:13:01,640 --> 01:13:03,600 All right, wait, hold on. How do I boot Nico from this 1313 01:13:03,600 --> 01:13:08,840 camera angle? Dee, do you want to chime in 1314 01:13:08,840 --> 01:13:10,560 before we move on to the next news story? 1315 01:13:11,080 --> 01:13:14,200 For sure now all I was going to say is every dip is a buying 1316 01:13:14,200 --> 01:13:18,880 opportunity and you know, I know obviously you know, people have 1317 01:13:18,880 --> 01:13:21,520 their mask on like yeah, it's going down so I can buy more, 1318 01:13:21,520 --> 01:13:23,040 but they're crying behind you know what I. 1319 01:13:23,040 --> 01:13:24,160 Mean like that meme? Like. 1320 01:13:24,560 --> 01:13:28,360 That meme there's. But you know, it's, it's a, it's 1321 01:13:28,360 --> 01:13:29,680 a win win, right? It goes up. 1322 01:13:29,680 --> 01:13:32,800 We make, you know, it's more valuable if it goes down, we buy 1323 01:13:32,800 --> 01:13:33,840 more, right? Yeah. 1324 01:13:33,960 --> 01:13:35,480 You know, I'm not too worried about it. 1325 01:13:35,480 --> 01:13:38,000 I'm I'm here for the long haul as, as, as you guys are. 1326 01:13:38,000 --> 01:13:39,800 So I know we're not really fazed by it. 1327 01:13:40,520 --> 01:13:42,680 Put crying, I think it's crying Wojack or something. 1328 01:13:43,480 --> 01:13:47,520 Yeah, I mean, it's, it's definitely a 23% discount. 1329 01:13:47,520 --> 01:13:49,720 It it's a it like depends on how you see the glass. 1330 01:13:49,720 --> 01:13:51,240 But look, guys, I'll be honest with you. 1331 01:13:51,280 --> 01:13:56,360 Like it's what it is like, you know, re if you it, it, it we 1332 01:13:56,360 --> 01:13:58,640 should be at 200K by now. Like I mean, and I remember I 1333 01:13:58,640 --> 01:14:01,240 interviewed Samson Mao at mining disrupt. 1334 01:14:01,240 --> 01:14:03,600 I dropped the clip over the weekend, but it seems like a lot 1335 01:14:03,600 --> 01:14:05,600 of you guys watched it because I got a ton of views. 1336 01:14:07,360 --> 01:14:08,840 You know, we should be a lot higher right now. 1337 01:14:08,960 --> 01:14:13,240 And I think it's just because of the macro monetary environment 1338 01:14:13,560 --> 01:14:15,920 that we're not. And that's a little bit 1339 01:14:15,920 --> 01:14:19,640 bittersweet. And the reason for that is why 1340 01:14:19,640 --> 01:14:23,640 does Bitcoin care about the macro monetary environment #1 1341 01:14:24,480 --> 01:14:26,560 and #2 it's kind of like, wait a second. 1342 01:14:26,560 --> 01:14:30,160 So like we're as Bitcoiners, we're cheering the Fed number to 1343 01:14:30,160 --> 01:14:31,920 go up. Like what's going on? 1344 01:14:33,120 --> 01:14:35,840 So anyhow, so yeah, that's the first bit of news. 1345 01:14:35,840 --> 01:14:37,200 Wanted to give an update on that. 1346 01:14:37,680 --> 01:14:40,640 I, I agree with D, you know, long term, not worried 1347 01:14:40,640 --> 01:14:42,280 whatsoever. Number goes up. 1348 01:14:42,480 --> 01:14:44,520 It's Infinity divided by 21 million. 1349 01:14:45,240 --> 01:14:51,680 The other news is Michael Saylor Michael Saylor smash bot $1.92 1350 01:14:51,680 --> 01:14:57,160 billion of additional Bitcoin business intelligence company 1351 01:14:57,160 --> 01:14:59,440 strategy continued stacking sats. 1352 01:14:59,920 --> 01:15:03,280 That's not stacking sats, bro. That's stacking cornfields. 1353 01:15:03,440 --> 01:15:07,160 Stacking cornfields by acquiring 22,000. 1354 01:15:07,160 --> 01:15:11,600 That makes me really depressed. 48 Bitcoin worth nearly $2 1355 01:15:11,600 --> 01:15:16,960 billion According to a March 31st SEC filing, Strategy 1356 01:15:16,960 --> 01:15:21,440 purchased the coins for 1.92 billion last week, or around 1357 01:15:21,440 --> 01:15:25,720 87,000 per Bitcoin. This boosted the company's total 1358 01:15:25,720 --> 01:15:35,640 Bitcoin treasury to 528,001 185 for $35.63 billion. 1359 01:15:35,880 --> 01:15:39,160 At bitcoins current price of A It's so crazy. 1360 01:15:39,160 --> 01:15:41,200 Elon's net worth is like 500 billion. 1361 01:15:41,760 --> 01:15:45,240 That's so nuts. At bitcoins current price of 1362 01:15:45,240 --> 01:15:49,440 approximately 82,000 strategies holdings are now valued at over 1363 01:15:49,440 --> 01:15:52,360 43 billion. Michael Saylor continues 1364 01:15:52,600 --> 01:15:55,080 aggressively accumulating Bitcoin. 1365 01:15:55,680 --> 01:15:59,600 This recent buys were funded mostly through issuing 1.2 1366 01:15:59,600 --> 01:16:02,560 billion of new MSTR common shares. 1367 01:16:02,880 --> 01:16:07,000 By buying Bitcoin funded via equity, Strategy Converts 1368 01:16:07,000 --> 01:16:11,160 converts its corporate treasury from dollars into hard assets. 1369 01:16:11,360 --> 01:16:15,240 The company has pioneered using its balance sheet as a leverage 1370 01:16:15,240 --> 01:16:18,800 play on bitcoins. Rise Strategy's average per 1371 01:16:19,400 --> 01:16:24,520 price per Bitcoin has steadily increased to 67,458. 1372 01:16:24,680 --> 01:16:29,920 What do you think happens? Will be dumped to 67 K bro Oh my 1373 01:16:29,920 --> 01:16:31,480 God. He'll stack. 1374 01:16:31,480 --> 01:16:34,960 More Oh my. He'll be underwater though. 1375 01:16:35,080 --> 01:16:37,600 He'll be underwater. Dude, lower your cost bases 1376 01:16:37,600 --> 01:16:40,920 sailor and stack it even more. He'll be underwater, dude. 1377 01:16:40,920 --> 01:16:43,440 Oh man. OK, Well yeah guys. 1378 01:16:43,440 --> 01:16:51,440 So Sailor bought $1.92 billion worth of Bitcoin, 22,000 1379 01:16:51,440 --> 01:16:55,120 Bitcoin, which I find interesting to say the least. 1380 01:16:55,840 --> 01:16:58,680 And I think big news here. We always talk about the 1381 01:16:58,680 --> 01:17:00,800 importance of alignment of incentives. 1382 01:17:01,640 --> 01:17:05,760 Hut 8 publicly traded Bitcoin miner I believe says we are 1383 01:17:05,760 --> 01:17:07,400 proud to partner with Eric Trump. 1384 01:17:07,400 --> 01:17:11,240 This is President Trump's son and American data centers to 1385 01:17:11,240 --> 01:17:14,960 launch American BTC. American Bitcoin, a majority 1386 01:17:14,960 --> 01:17:18,240 owned subsidiary of Hut 8, aims to become the world's largest, 1387 01:17:18,240 --> 01:17:21,520 most efficient pureplay miner while building a robust 1388 01:17:21,520 --> 01:17:24,800 strategic Bitcoin reserve. So I find that interesting. 1389 01:17:24,840 --> 01:17:28,520 You have the president's son essentially partnering up with a 1390 01:17:28,640 --> 01:17:32,800 Bitcoin miner. And also here Bitcoin shines, a 1391 01:17:32,800 --> 01:17:36,600 beacon of orange hope illuminating a path in the sea 1392 01:17:36,600 --> 01:17:40,680 of red turbulence. So nobody has been immune to, 1393 01:17:40,680 --> 01:17:43,200 again, the macro environment is going to say this again, the 1394 01:17:43,200 --> 01:17:46,160 overall macro environment has not been great. 1395 01:17:46,600 --> 01:17:50,080 This is the reason as to why we believe Bitcoin has not gone up 1396 01:17:50,160 --> 01:17:53,000 the way it historically has in the past. 1397 01:17:53,280 --> 01:17:56,000 Because Bitcoin is such a large asset these days. 1398 01:17:56,320 --> 01:18:01,440 The macro environment will affect Bitcoin's price because 1399 01:18:01,440 --> 01:18:03,320 it's that big. I think that's a good thing. 1400 01:18:04,160 --> 01:18:06,560 But obviously, you know, if you're used to those dopamine 1401 01:18:06,560 --> 01:18:10,600 hits of the past, you know, you, you start to get withdrawals 1402 01:18:10,600 --> 01:18:15,480 like Opti right next to me. So strategy, I love the rebrand. 1403 01:18:15,640 --> 01:18:18,880 Bitcoin shines a beacon of orange hope illuminating a path 1404 01:18:18,880 --> 01:18:21,760 in the sea of red turbulence. So there you go. 1405 01:18:21,920 --> 01:18:27,600 I mean, Tesla down 37%, NVIDIA down 21%, Google down 18%, 1406 01:18:27,600 --> 01:18:34,360 Amazon down 14%, Microsoft down 12%, Apple down 12%, QQQQ down 1407 01:18:34,360 --> 01:18:41,800 9%, SPY down 6%, Meta down 2%. MicroStrategy is actually up 1% 1408 01:18:41,800 --> 01:18:46,320 despite the downturn in just the, the overall market. 1409 01:18:46,520 --> 01:18:49,600 I will say, I mean, Tessa down 37%. 1410 01:18:49,600 --> 01:18:52,280 Holy cow. Seems like a lot of people are 1411 01:18:52,280 --> 01:18:57,440 blaming Elon for what's happening with, with Trump in, 1412 01:18:57,440 --> 01:18:59,160 in general. So I don't know if you guys want 1413 01:18:59,160 --> 01:19:02,600 to chime in on this, but that's a that's that's in use for for 1414 01:19:02,600 --> 01:19:06,800 Monday, man, Just, you know, general kind of market update 1415 01:19:07,000 --> 01:19:10,760 Eric Trump on, you know, starting a, a, a Bitcoin mining 1416 01:19:10,760 --> 01:19:14,240 venture MicroStrategy buying 22,000 Bitcoin. 1417 01:19:14,560 --> 01:19:19,440 And despite the downward, you know, just general market 1418 01:19:19,440 --> 01:19:23,480 sentiment, MicroStrategy continues to outperform because 1419 01:19:23,480 --> 01:19:25,560 it has adopted a Bitcoin strategy. 1420 01:19:25,840 --> 01:19:28,560 And if you are to believe a lot of the rumors that are floating 1421 01:19:28,760 --> 01:19:32,440 on Bitcoin X or Bitcoin Twitter, depending on how you want to say 1422 01:19:32,440 --> 01:19:35,560 it, it seems like other public companies are going to follow in 1423 01:19:35,560 --> 01:19:40,040 the footsteps of MicroStrategy, especially after its performance 1424 01:19:40,040 --> 01:19:41,840 over the last year. And I mean, look at the 1425 01:19:41,840 --> 01:19:45,000 performance of Metaplanet. I mean, this is a essentially a 1426 01:19:45,000 --> 01:19:46,960 zombie company coming out of Japan. 1427 01:19:47,240 --> 01:19:50,000 It was a hotel company on the verge of bankruptcy. 1428 01:19:50,280 --> 01:19:56,240 They adopted a Bitcoin strategy and they 48% their 48 X their 1429 01:19:56,240 --> 01:20:01,040 stock in 365 days that is. Gnarly. 1430 01:20:01,040 --> 01:20:04,680 That is absolutely crazy. So anyhow, Opti, do you want to 1431 01:20:04,680 --> 01:20:06,120 chime in? Then we'll get these thoughts 1432 01:20:06,120 --> 01:20:07,800 and then we'll wrap up the Monday show. 1433 01:20:08,240 --> 01:20:11,640 Yeah, I think the biggest thing and guys, we're going to drop 1434 01:20:11,640 --> 01:20:12,880 out. I don't know at what point, but 1435 01:20:12,880 --> 01:20:17,880 we did do a great interview with CJ, our boy CJ Constantinos over 1436 01:20:17,880 --> 01:20:21,080 at Mighting Disrupt and I think he laid this out really well. 1437 01:20:21,080 --> 01:20:22,520 It was a long interview. I think we're going to put the 1438 01:20:22,520 --> 01:20:25,280 whole thing up for you guys. We did a backstage, so he'll 1439 01:20:25,280 --> 01:20:28,800 break down all of this going on, but the TLDR that I'm kind of 1440 01:20:28,800 --> 01:20:31,120 taking away and him and Larry Laparte, a great speech. 1441 01:20:31,400 --> 01:20:33,760 It's just a general uncertainty in the markets right now. 1442 01:20:34,160 --> 01:20:37,560 This Bitcoin is. Larry said we're going to duck. 1443 01:20:37,800 --> 01:20:39,680 Yeah, Larry, Larry said it's over. 1444 01:20:39,680 --> 01:20:42,680 Basically, Larry's probably the most Dumor guy out here right 1445 01:20:42,680 --> 01:20:44,120 now. He's like, there's no way this 1446 01:20:44,120 --> 01:20:46,880 is going to get fixed. But I think what we're seeing is 1447 01:20:46,880 --> 01:20:51,160 obviously Trump is trying to do some things to the economy 1448 01:20:51,160 --> 01:20:53,840 essentially from most of the consensus around there. 1449 01:20:53,840 --> 01:20:56,320 He's trying to force the Fed's hand to essentially, you know, 1450 01:20:56,320 --> 01:20:59,320 go under Treasury right now. And, of course, that is wrecking 1451 01:20:59,320 --> 01:21:00,640 European markets right now. Now. 1452 01:21:00,840 --> 01:21:04,160 So it looks like, you know, Trump is trying to bankrupt the 1453 01:21:04,160 --> 01:21:08,000 EU and force the Fed to get under the Treasury right now. 1454 01:21:08,000 --> 01:21:10,120 And this is what the general concern is right now. 1455 01:21:10,400 --> 01:21:12,640 But we're also seeing apparently, you know, Liberation 1456 01:21:12,640 --> 01:21:16,320 Day or whatever the meme is, or two days from now, April 2nd, 1457 01:21:16,760 --> 01:21:20,240 we'll see what happens. But this general tariff policy, 1458 01:21:21,720 --> 01:21:23,880 yeah, obviously. But this general tariff 1459 01:21:23,880 --> 01:21:26,840 uncertainty we're seeing, obviously the markets are very 1460 01:21:26,840 --> 01:21:30,520 volatile. Bitcoin is usually one of the 1461 01:21:30,520 --> 01:21:33,440 markets that acts the quickest. We all know it's a 24/7 1462 01:21:33,440 --> 01:21:37,120 liquidity and therefore it reacts probably before other 1463 01:21:37,120 --> 01:21:39,600 markets happen. And therefore we're seeing a 1464 01:21:39,600 --> 01:21:42,920 just general uncertainty in global economics right now, 1465 01:21:42,920 --> 01:21:44,880 global macro markets right now we're seeing a lot of 1466 01:21:44,880 --> 01:21:47,120 uncertainty. Obviously Bitcoin, it's the most 1467 01:21:47,120 --> 01:21:50,640 liquid asset, but just just peppering in some opium here. 1468 01:21:50,880 --> 01:21:54,640 I do like this chart right here and I'm I'm going to show you 1469 01:21:54,640 --> 01:21:58,840 this peppered in peppered in I, you know, this is some 1470 01:21:58,840 --> 01:22:02,720 speculation, but I I like this and let's see let's see if this 1471 01:22:02,840 --> 01:22:05,400 plays out. So we're going to go there. 1472 01:22:05,640 --> 01:22:09,960 Let's see if this plays out, you know, Bitcoin basically lagging 1473 01:22:09,960 --> 01:22:14,960 behind M2 global liquidity and if this continues to play out, 1474 01:22:14,960 --> 01:22:18,120 it looks like maybe you know, in a couple of weeks we're going to 1475 01:22:18,120 --> 01:22:22,080 see some Bitcoin pumping the more money printer goes Burr, 1476 01:22:22,080 --> 01:22:24,800 the more bitcoins going to RIP. So I don't know, I, I, I, I'm 1477 01:22:24,800 --> 01:22:27,240 going to just pepper in some opium for myself in the chat 1478 01:22:27,240 --> 01:22:30,080 right now. So here we go. 1479 01:22:30,160 --> 01:22:32,400 You know, if you're if you're an audio, it's a. 1480 01:22:33,240 --> 01:22:36,280 So what Opti's showing for the audio listeners is essentially 1481 01:22:36,320 --> 01:22:40,360 that it, it, it we're theorizing it's this is going around on X 1482 01:22:40,360 --> 01:22:45,160 or Twitter that it seems like there's a heavy correlation 1483 01:22:45,160 --> 01:22:48,600 between the M2 and the Bitcoin price. 1484 01:22:49,240 --> 01:22:51,360 And it's identical for the audio listeners. 1485 01:22:51,360 --> 01:22:53,720 Yeah, it's it's by a lag like 2 weeks it's. 1486 01:22:53,760 --> 01:22:55,600 Very. It's, it's, it's strongly 1487 01:22:55,600 --> 01:23:00,640 correlated for sure. It would be, it would be weird 1488 01:23:00,640 --> 01:23:03,360 if it was a coincidence 'cause it does look very similar. 1489 01:23:03,680 --> 01:23:09,200 But essentially, if the trend continues, it seems like Bitcoin 1490 01:23:09,200 --> 01:23:14,520 is lagging the M2, but the M2 just had a recent very, very big 1491 01:23:14,520 --> 01:23:17,120 surge. So if that were to continue, you 1492 01:23:17,120 --> 01:23:20,880 know, if Bitcoin falls in its footsteps, you know, you're you, 1493 01:23:20,880 --> 01:23:25,320 you might see another explosive move to the upside coming soon. 1494 01:23:25,320 --> 01:23:27,280 So we shall see. Again, this is kind of 1495 01:23:27,280 --> 01:23:32,280 speculation territory, but Opti does wanna end Monday. 1496 01:23:32,280 --> 01:23:34,800 Hey, it's Monday, let's give some people some hope here on a. 1497 01:23:34,800 --> 01:23:39,680 Hopeful note Anyways, I'm gonna give the last words to DD Thank 1498 01:23:39,680 --> 01:23:41,720 you so much for joining us on Simply. 1499 01:23:42,120 --> 01:23:45,400 Super happy to partner up with you guys over at Coin Kite. 1500 01:23:45,400 --> 01:23:49,240 Big fans of your guys products. What are your final thoughts, my 1501 01:23:49,240 --> 01:23:50,920 friend? Yeah, absolutely. 1502 01:23:50,920 --> 01:23:52,760 Yeah. I mean, I'm, I'm all for hopium. 1503 01:23:52,760 --> 01:23:56,400 So I'm, I'm with Opti here. I, I, I love, I love it if it 1504 01:23:56,400 --> 01:23:58,800 goes up. But you know, I'll, I'll buy 1505 01:23:58,800 --> 01:24:01,120 more if it, if it stays down, you know, it is what it is. 1506 01:24:01,920 --> 01:24:04,760 But yeah, we're, we're very excited to be with you guys. 1507 01:24:04,760 --> 01:24:08,600 And you know, I'm the customer support representative over at 1508 01:24:08,600 --> 01:24:11,000 Coinkite. So if you ever need to get in 1509 01:24:11,000 --> 01:24:13,200 touch with us, feel free to reach out to 1510 01:24:13,200 --> 01:24:20,080 support@coinkite.com or send me Adm over Twitter X or yeah. 1511 01:24:20,080 --> 01:24:24,440 So if if you need any Bitcoin only hardware wallet solutions 1512 01:24:24,440 --> 01:24:28,800 or want to pick up a block clock or on any of our other cool 1513 01:24:29,480 --> 01:24:35,320 products like open Dimes, tap signers, SAS cards, T-shirts and 1514 01:24:35,320 --> 01:24:38,320 things like that, you know where to find us and we're super happy 1515 01:24:38,320 --> 01:24:41,360 to be working with you guys. Absolutely. 1516 01:24:41,680 --> 01:24:44,000 Well, Dee, thank you so much for for joining us guys. 1517 01:24:44,000 --> 01:24:48,400 Go check out coinkite.com promo code simply 5% off. 1518 01:24:48,400 --> 01:24:50,760 There's a tap card. Is there a SAT card? 1519 01:24:52,760 --> 01:24:56,240 That's like for all the gold bugs that want that want 1520 01:24:56,240 --> 01:24:57,960 physical Bitcoin. Look at that right there. 1521 01:24:58,120 --> 01:25:00,680 So they have tap cards and you just tap it. 1522 01:25:04,600 --> 01:25:07,840 And and then Nico I, I, I definitely need that back. 1523 01:25:11,040 --> 01:25:12,480 It may or may not have some Bitcoin on it. 1524 01:25:12,520 --> 01:25:14,160 May. Or may not have slots. 1525 01:25:14,160 --> 01:25:14,480 On it. Oh. 1526 01:25:15,320 --> 01:25:17,400 Oh, oh, Oh, no, I'm. Pulling it from the. 1527 01:25:19,480 --> 01:25:22,120 Last guys, if you guys enjoyed today's show, smash the like 1528 01:25:22,120 --> 01:25:25,000 button, consider subscribing and we love you all. 1529 01:25:25,000 --> 01:25:26,920 We'll see you on the next one. Take care, everybody. 1530 01:25:27,960 --> 01:25:31,320 Today's episode was brought to you by bitcoinwell.com, a 1531 01:25:31,320 --> 01:25:34,440 Bitcoin only platform on a mission to enable financial 1532 01:25:34,440 --> 01:25:35,240 independence.