1 00:00:12,530 --> 00:00:15,210 It's all going to zero against Bitcoin. 2 00:00:16,170 --> 00:00:25,970 It's going up forever more. You're against Bitcoin. 3 00:00:26,050 --> 00:00:30,760 You're against freedom. Good morning everybody. 4 00:00:30,760 --> 00:00:33,560 We are back. Huge win this morning. 5 00:00:33,800 --> 00:00:37,200 I am sure you can see the title Grayscale wins a lawsuit against 6 00:00:37,200 --> 00:00:42,680 the SECADC Circuit Court of Appeals is vacating SEC's denial 7 00:00:42,680 --> 00:00:45,000 of GB TC's conversion into an ETF. 8 00:00:45,760 --> 00:00:48,160 But guys, this doesn't necessarily mean GB TC is 9 00:00:48,160 --> 00:00:52,920 automatically converting into an ETF however, but it's certainly 10 00:00:53,360 --> 00:00:57,260 certainly bringing things closer to a spot Bitcoin ETF. 11 00:00:57,260 --> 00:01:00,100 So while extremely bullish guys and and the price responded 12 00:01:00,100 --> 00:01:02,700 positively. So as I was telling my cohost 13 00:01:02,700 --> 00:01:06,620 today, Rustin, we're definitely less poor today guys, but we 14 00:01:06,620 --> 00:01:08,500 don't have a timeline on what's going on. 15 00:01:08,700 --> 00:01:14,180 We don't have an idea of when this next move happens, but this 16 00:01:14,260 --> 00:01:19,960 is a step closer to the world, slowly paving a way for 17 00:01:19,960 --> 00:01:21,480 mountains of capital to get into Bitcoin. 18 00:01:21,480 --> 00:01:24,360 So absolutely love to see it, but of course we tell you guys 19 00:01:24,360 --> 00:01:27,440 every single day, take Bitcoin into self custody. 20 00:01:27,440 --> 00:01:29,320 Avoid the paper Bitcoin. But this is one of the good 21 00:01:29,320 --> 00:01:33,130 things about this court ruling. And we'll we'll give you all the 22 00:01:33,130 --> 00:01:34,810 receipts. Well, we'll give you guys the 23 00:01:34,810 --> 00:01:38,970 takes that people thought this was going to be instantaneous 24 00:01:39,130 --> 00:01:42,930 GBTC conversion into a spot ETF. So we got a bunch of receipts 25 00:01:42,930 --> 00:01:45,450 for you guys today. I got a bunch of threads, I got 26 00:01:45,450 --> 00:01:46,690 a bunch of takes from bitcoiners. 27 00:01:46,690 --> 00:01:48,850 We even got a Bloomberg article to cover this stuff. 28 00:01:49,250 --> 00:01:51,610 And we're gonna, we're gonna give you guys a sauce today, 29 00:01:51,610 --> 00:01:53,410 guys. But first and foremost, 30 00:01:53,770 --> 00:01:57,610 obviously this is great to see because we know that a spot 31 00:01:57,610 --> 00:02:00,570 Bitcoin ETF is inevitable. It's not about if, it's about 32 00:02:00,570 --> 00:02:03,870 when. And It looks like today that we 33 00:02:03,870 --> 00:02:06,470 are moving closer. We're inching closer to a spot 34 00:02:06,470 --> 00:02:08,789 Bitcoin ETF. Anyways, welcome to simply 35 00:02:08,789 --> 00:02:10,190 Bitcoin. We are your number one source 36 00:02:10,190 --> 00:02:11,590 for the peaceful Bitcoin revolution. 37 00:02:11,590 --> 00:02:13,910 We covered breaking news, culture and nomadic warfare. 38 00:02:14,350 --> 00:02:16,470 We bring on bitcoins from all around the world, from the 39 00:02:16,470 --> 00:02:18,390 biggest names to the everyday Bitcoin. 40 00:02:18,390 --> 00:02:21,710 We got them all guys, and we will be your guide through 41 00:02:21,910 --> 00:02:26,190 separation of money and state. And of course, I'm not alone. 42 00:02:26,190 --> 00:02:30,430 Today I do have my cohost, Rustin Ruston. 43 00:02:36,590 --> 00:02:39,310 Oh yeah, I had to switch it up on Ruston this morning. 44 00:02:30,670 --> 00:02:33,030 How you doing this morning before we get it, before we get 45 00:02:33,030 --> 00:02:34,510 into what you're going to do on the culture? 46 00:02:34,510 --> 00:02:36,310 Because I I had to. I had. 47 00:02:39,510 --> 00:02:42,390 He was going to cover the news, but this, this grayscale news 48 00:02:42,390 --> 00:02:44,910 drop, so he's going to go in culture today. 49 00:02:44,910 --> 00:02:46,990 But Ruston, what's your thoughts this morning? 50 00:02:46,990 --> 00:02:48,510 What's and what are we covering on culture? 51 00:02:49,280 --> 00:02:53,000 Yo, shoutouts to Paul Revere, looks like the institutions are 52 00:02:53,000 --> 00:02:55,840 coming. Big dub today, major pump, 53 00:02:56,200 --> 00:02:59,080 things are looking good. But I'm here to talk about we 54 00:02:59,080 --> 00:03:03,720 had the longest bear market in Bitcoin history and it was 55 00:03:03,720 --> 00:03:07,080 actually the most bullish bear bear market in history. 56 00:03:07,080 --> 00:03:10,120 And I'm going to tell you why. Lots of amazing developments. 57 00:03:10,120 --> 00:03:12,640 We a long time to stack some extra sets. 58 00:03:13,030 --> 00:03:16,350 And front run Larry Fink and Grayscale and all those guys. 59 00:03:16,350 --> 00:03:19,310 So make sure you do not miss out on that opportunity. 60 00:03:19,510 --> 00:03:21,550 Stack those bad boys. We're going to run through it. 61 00:03:21,550 --> 00:03:24,830 And of course, opti's got all the ins and outs of the 62 00:03:24,830 --> 00:03:26,830 grayscale Bitcoin trust this morning. 63 00:03:27,710 --> 00:03:30,710 You know the hype train has left the building. 64 00:03:30,910 --> 00:03:34,830 We died for the 300th time, and that zombie Bitcoin ain't going 65 00:03:34,830 --> 00:03:37,540 nowhere, baby. The hopiam is strong this 66 00:03:37,540 --> 00:03:39,580 morning. And as the saying was, and we've 67 00:03:39,580 --> 00:03:41,820 been telling you guys just for for a minute on the show, you 68 00:03:41,820 --> 00:03:46,380 know what's the classic cliche meme about trading time in the 69 00:03:46,380 --> 00:03:49,340 market beats time in the market. When it's blood on the streets, 70 00:03:49,460 --> 00:03:51,820 Even if it's your blood, that's when you buy. 71 00:03:52,100 --> 00:03:56,460 Especially if you have any any understanding about the Bitcoin 72 00:03:56,460 --> 00:04:01,040 price, it's usually sideways or maybe down and then there's days 73 00:04:01,040 --> 00:04:03,960 when it just pumps and it goes absolutely nuclear. 74 00:04:03,960 --> 00:04:05,280 So are we in the beginning of this? 75 00:04:05,280 --> 00:04:08,440 Who knows, We'll probably crab market, but it is looking 76 00:04:08,440 --> 00:04:11,120 bullish for all of you guys out there. 77 00:04:11,120 --> 00:04:16,560 Anyways, let's get into the show the Bitcoin numbers. 78 00:04:17,070 --> 00:04:19,870 Is your Bitcoin and cold storage really secure? 79 00:04:19,990 --> 00:04:22,510 Is your seed phrase really secure? 80 00:04:22,630 --> 00:04:24,230 Stamp seeds? Do it yourself. 81 00:04:24,230 --> 00:04:27,950 Kit has everything you need to hammer your seed words into 82 00:04:27,950 --> 00:04:32,190 commercial grade titanium plates instead of just writing them on 83 00:04:32,190 --> 00:04:34,990 paper. Don't store your generational 84 00:04:34,990 --> 00:04:38,280 wealth on paper. Papers prone to water damage. 85 00:04:38,280 --> 00:04:40,240 Fire damage. You want to put your 86 00:04:40,240 --> 00:04:43,360 generational wealth on one of the strongest metals on planet 87 00:04:43,360 --> 00:04:46,200 earth, Titanium. Your words are actually stamped 88 00:04:46,200 --> 00:04:49,760 into this metal plate with this hammer and these letter stamps. 89 00:04:49,800 --> 00:04:52,320 And once your words are in, they aren't going anywhere. 90 00:04:52,400 --> 00:04:56,040 No risk of the plate breaking apart and pieces falling 91 00:04:56,040 --> 00:04:58,480 everywhere. Titanium stamp seeds will 92 00:04:58,480 --> 00:05:01,440 survive nearly triple the heat produced by a house fire. 93 00:05:01,440 --> 00:05:04,600 They're also crush proof, waterproof, non corrosive, and 94 00:05:04,600 --> 00:05:06,600 time proof. All things that paper is not. 95 00:05:06,720 --> 00:05:10,080 Not allowing you to huddle your Bitcoin with Peace of Mind for 96 00:05:10,120 --> 00:05:13,560 the long haul. Stamp your seed on Stamp, seed. 97 00:05:14,920 --> 00:05:18,280 All right, guys, you can scan the QR code at the bottom. 98 00:05:18,440 --> 00:05:22,480 Get yourself a titanium seed phrase kit so you do not keep 99 00:05:22,480 --> 00:05:25,920 your private keys in your sock drawer in a piece of paper. 100 00:05:26,120 --> 00:05:27,440 All right. Anyways, we're over here on 101 00:05:27,440 --> 00:05:30,960 Clark Moody's dashboard and of course the only date that really 102 00:05:30,960 --> 00:05:33,320 matters is the block height. We say this all the time. 103 00:05:33,320 --> 00:05:38,360 It is currently at 805,332 and like we were saying man, and the 104 00:05:38,360 --> 00:05:40,120 Bitcoin price has been going up all morning. 105 00:05:40,120 --> 00:05:45,850 We're currently at a Bitcoin price of $27,850 per Bitcoin, 106 00:05:46,130 --> 00:05:49,450 and I asked you guys yesterday whether we would see 4K sats 107 00:05:49,450 --> 00:05:52,210 again. Well, none of us knew that this 108 00:05:52,210 --> 00:05:55,890 news was gonna drop, so maybe we're never gonna see 4K again. 109 00:05:56,050 --> 00:05:59,530 I think you guys said we weren't gonna see 4K sats again anyways, 110 00:05:59,530 --> 00:06:02,690 the sets per dollar aka Moscow time, aka how much your Fiat 111 00:06:02,690 --> 00:06:07,290 dollar is worth. It's currently at 3593 sets per 112 00:06:07,290 --> 00:06:08,890 dollar. And then of course some other 113 00:06:08,890 --> 00:06:11,930 good numbers here we got. The total percentage issued of 114 00:06:11,930 --> 00:06:15,850 Bitcoin that will ever be circulating is at 92.71%. 115 00:06:16,050 --> 00:06:20,450 The current market cap of Bitcoin is at $541.9 billion. 116 00:06:20,650 --> 00:06:23,370 The realized monetary inflation taking field currencies to 117 00:06:23,370 --> 00:06:26,780 school is currently at 1.75%. The Bolt. 118 00:06:26,780 --> 00:06:29,820 The Bitcoin versus gold market cap 4.21%. 119 00:06:29,820 --> 00:06:32,860 There's so much room to run in the hard money game and we are 120 00:06:32,860 --> 00:06:36,340 on your tail gold. Anyways, the total lightning 121 00:06:36,340 --> 00:06:40,580 capacity is currently at 4625.02 BTC. 122 00:06:40,820 --> 00:06:43,180 I saw that there's some some of the big lightning channels are 123 00:06:43,180 --> 00:06:45,940 rolling down some of their some of their lightning channels. 124 00:06:45,940 --> 00:06:49,180 So very interesting some. I've yet to talk to my boy 125 00:06:49,500 --> 00:06:52,580 justifier over at Ambox but I'll reach out to him and and see 126 00:06:52,580 --> 00:06:55,170 what his takes are on all this and the hash rate. 127 00:06:55,170 --> 00:07:01,330 The last 90 days is at 377.9 X hashes or or estimated app and 128 00:07:01,330 --> 00:07:04,770 the current pending fees is at 2.21 BTC. 129 00:07:04,930 --> 00:07:11,970 It looks like we are hanging out around that two Bitcoin phrase. 130 00:07:11,970 --> 00:07:13,810 All right guys. Anyways, I do have a video here 131 00:07:13,810 --> 00:07:16,610 for you. I wanna I gotta pull this up 132 00:07:17,050 --> 00:07:22,960 over here as a as a tab. But I saw this clip of Jack 133 00:07:22,960 --> 00:07:27,040 Mahler's and I I really am enjoying Jack Mahler's his 134 00:07:27,040 --> 00:07:29,880 podcast. But I wanted to start with this 135 00:07:29,880 --> 00:07:35,600 show, with this clip because so many people get lost in why we 136 00:07:35,600 --> 00:07:40,880 Bitcoin, why we do what we do and it's very simple and Jack 137 00:07:40,880 --> 00:07:44,240 Mahler's has a great way of explaining this and This is why 138 00:07:44,320 --> 00:07:48,600 we are Bitcoin only. This is why we are in the game 139 00:07:48,600 --> 00:07:50,840 of the separation of money and state. 140 00:07:51,810 --> 00:07:55,570 And let me let me just let Jack Mahler's just say it himself. 141 00:07:55,570 --> 00:07:58,970 So here we got a tweet and he goes, money is a technology we 142 00:07:58,970 --> 00:08:02,090 created to solve the problem of coincidence, of wants. 143 00:08:02,250 --> 00:08:04,330 And in this video Jack Mahler's explains this. 144 00:08:04,330 --> 00:08:07,010 If you've been around, you know exactly what what he's talking 145 00:08:07,010 --> 00:08:08,850 about. But for you new people, maybe 146 00:08:08,850 --> 00:08:11,530 you don't really understand why we Bitcoin What what, what the 147 00:08:11,530 --> 00:08:14,510 whole fuss is about. But as he writes in this tweet, 148 00:08:14,510 --> 00:08:16,910 you exchange your labor for money, which in turn represents 149 00:08:16,910 --> 00:08:19,830 their contributions to society. The money you choose to store 150 00:08:19,830 --> 00:08:24,950 value is the technology you choose to value your life. 151 00:08:25,110 --> 00:08:29,430 Choose wisely, Hashtag Bitcoin. All right, let's get into this 152 00:08:29,430 --> 00:08:31,750 video, guys. Sometimes when I'm with buddies 153 00:08:31,870 --> 00:08:34,390 and they're like, you know, why does money matter? 154 00:08:34,390 --> 00:08:37,990 Why do you care? My answer recently is is money 155 00:08:37,990 --> 00:08:40,350 is a reflection of your contributions to society. 156 00:08:40,909 --> 00:08:43,270 It's a technology that we created. 157 00:08:43,470 --> 00:08:46,510 Like I I did this in the first episode of our podcast. 158 00:08:46,510 --> 00:08:50,310 I'll do it again with you if you let's rewind time thousands of 159 00:08:50,310 --> 00:08:54,430 years And you grow bananas all day and that's what you do with 160 00:08:54,430 --> 00:08:58,390 your time, your energy. That's how you contribute to 161 00:08:58,390 --> 00:09:00,750 society. And I grow apples all day. 162 00:09:01,030 --> 00:09:04,550 Okay. Unless I coincidentally want 163 00:09:04,950 --> 00:09:09,470 bananas every meal all the time, and you coincidentally want 164 00:09:09,470 --> 00:09:11,950 apples. Every meal, all the time. 165 00:09:13,190 --> 00:09:15,950 We're not going to be able to exchange our contributions to 166 00:09:15,950 --> 00:09:18,870 society, right? And so money is a thing we 167 00:09:18,870 --> 00:09:22,990 created that solved something called the coincidence of wants, 168 00:09:23,510 --> 00:09:27,070 where if you are an expert windshield fixer and your 169 00:09:27,070 --> 00:09:30,790 buddy's a lawn mower and you're an apple grower and the other 170 00:09:30,790 --> 00:09:34,950 guy's the CEO of Apple Computer, we can all take our collective 171 00:09:34,950 --> 00:09:38,390 contributions to society and exchange it for this thing 172 00:09:38,390 --> 00:09:40,960 called money. And then we can take the money 173 00:09:41,280 --> 00:09:43,840 and exchange it if we want a banana, or if we need our 174 00:09:43,840 --> 00:09:45,960 windshield fix, or if we need our lawn mowed. 175 00:09:46,240 --> 00:09:49,960 And this money thing can actually store our energy and 176 00:09:49,960 --> 00:09:53,080 our contributions to this world as value. 177 00:09:53,640 --> 00:09:56,400 And then we can price things against it and we can exchange 178 00:09:56,400 --> 00:10:00,240 it. And sometimes when such such a 179 00:10:00,280 --> 00:10:05,000 simple explanation guys. And the reason I kind of wanted 180 00:10:05,000 --> 00:10:09,420 to start here is so that we can continue to double down on the 181 00:10:09,420 --> 00:10:14,020 idea of of simplifying why we Bitcoin. 182 00:10:14,100 --> 00:10:18,420 Why it's so important to have a money that doesn't steal from 183 00:10:18,420 --> 00:10:21,540 you. Because there is the meme that 184 00:10:21,540 --> 00:10:23,020 goes around in the world right now. 185 00:10:23,420 --> 00:10:26,580 That money is just a figment of our imaginations that it could 186 00:10:26,580 --> 00:10:29,860 be anything. If if you if you believe it hard 187 00:10:29,860 --> 00:10:33,530 enough, it could be anything. And money is a technology and 188 00:10:33,530 --> 00:10:37,810 there is very real, real attributes to the best money in 189 00:10:37,810 --> 00:10:40,010 the world and Bitcoin is one of those best. 190 00:10:40,010 --> 00:10:43,450 Actually Bitcoin is the best money in the world and it is 191 00:10:43,450 --> 00:10:47,250 because it is hard cap, it is fungible, it is divisible, it is 192 00:10:47,250 --> 00:10:49,850 able to store value through time and space. 193 00:10:50,530 --> 00:10:54,090 It's digital money for a digital world and I think it's important 194 00:10:54,090 --> 00:10:58,210 for us to beat these attributes into people's minds so they 195 00:10:58,210 --> 00:11:01,370 understand why we are in the hard money game in the 1st 196 00:11:01,370 --> 00:11:04,050 place. And it's not about speculating, 197 00:11:04,410 --> 00:11:06,170 It's not about just getting rich. 198 00:11:06,410 --> 00:11:09,370 It's about fixing the money, fixing the incentive structures 199 00:11:09,410 --> 00:11:13,730 of the Fiat world so that we can better the planet. 200 00:11:13,770 --> 00:11:17,410 Because the money that we are forced to use is designed to 201 00:11:17,410 --> 00:11:19,730 steal from us guys. And I don't know about you, but 202 00:11:19,810 --> 00:11:24,650 I don't like that. So I have changed my my value, 203 00:11:25,500 --> 00:11:27,860 my savings into Bitcoin, but anyway it's resting. 204 00:11:27,860 --> 00:11:30,500 It looks like it looks like I'm I'm kind of lagging. 205 00:11:30,500 --> 00:11:32,660 So you jump in and let's see if I can fix this. 206 00:11:34,380 --> 00:11:36,460 Awesome. Yeah, I love that conversation 207 00:11:36,460 --> 00:11:41,340 with Jack Mullers and of course Saquon, Saigon Barkley, okay. 208 00:11:41,340 --> 00:11:44,620 Now what I really like about the conversation with Saquon is the 209 00:11:44,620 --> 00:11:48,300 fact that Saquon is an All Pro running back. 210 00:11:48,580 --> 00:11:51,100 He was like a Heisman contender back in college. 211 00:11:51,510 --> 00:11:54,390 He's one of the best in the business at what he does, and he 212 00:11:54,390 --> 00:11:57,590 takes part of his money in Bitcoin, and I think that's very 213 00:11:57,590 --> 00:12:01,110 important to NFL running backs, especially Okay. 214 00:12:01,110 --> 00:12:03,870 So a typical running back, you know, the prime of their career, 215 00:12:03,870 --> 00:12:07,870 maybe five to seven years tops. And a lot of these teams, 216 00:12:07,870 --> 00:12:11,630 they'll, they'll draft a running back early, let him ride his 217 00:12:11,630 --> 00:12:15,270 rookie contract and they'll run him into the dirt those five 218 00:12:15,270 --> 00:12:16,710 years. They'll take all that 219 00:12:16,710 --> 00:12:19,650 punishment. All that abuse and then they 220 00:12:19,650 --> 00:12:22,890 won't get that new contract. They'll get traded or then 221 00:12:22,890 --> 00:12:25,930 absorb a contract, but then they're not going to be the 222 00:12:25,930 --> 00:12:28,890 player they used to be. So I think NFL running backs, 223 00:12:28,890 --> 00:12:33,250 more than almost any position in the NFL, definitely need some 224 00:12:33,250 --> 00:12:36,690 exposure to Bitcoin. I love how Jack Mahler's breaks 225 00:12:36,690 --> 00:12:40,530 that stuff down right there. And guys, I mean, we're still 226 00:12:40,530 --> 00:12:43,170 early and sake. One, as far as I know, is the 227 00:12:43,170 --> 00:12:46,850 only running back taking Bitcoin as part of his salary. 228 00:12:47,530 --> 00:12:51,090 There are some other players. Russell Okung does some more 229 00:12:51,090 --> 00:12:55,490 like humanitarian work and philanthropy and promotes 230 00:12:55,490 --> 00:12:57,570 Bitcoin and things of that nature. 231 00:12:57,570 --> 00:13:00,930 But it's very good to see this. And again, the best athletes 232 00:13:00,930 --> 00:13:03,690 shouldn't, they use the best money, shouldn't The best people 233 00:13:03,690 --> 00:13:08,130 in in their various ways of life and everybody at the end of the 234 00:13:08,130 --> 00:13:11,770 day should use Bitcoin and and it will help them reach their 235 00:13:11,770 --> 00:13:13,090 potential. It helps. 236 00:13:13,640 --> 00:13:15,760 Individuals close that, you know, the wealth 237 00:13:15,760 --> 00:13:19,840 disenfranchisement and the widening wealth gap, that's just 238 00:13:19,840 --> 00:13:22,400 been, you know, since the War on Poverty started. 239 00:13:22,400 --> 00:13:24,880 That's been doing very well. I think if anyone's been 240 00:13:24,880 --> 00:13:28,160 traveling to any city around the world, they can take a look 241 00:13:28,160 --> 00:13:31,120 around and see that many things are. 242 00:13:31,810 --> 00:13:34,650 Many individuals around the world need some help and no 243 00:13:34,650 --> 00:13:38,650 government, no centralized institution, no three letter 244 00:13:38,650 --> 00:13:42,330 agency is going to provide the assistance to them that Bitcoin 245 00:13:42,330 --> 00:13:45,570 will by empowering them to take control of their lives 246 00:13:45,570 --> 00:13:49,210 themselves so that I I thoroughly enjoy from the 247 00:13:49,210 --> 00:13:54,520 conversation. Bill's quarterback Barclay, No. 248 00:13:54,640 --> 00:13:57,040 Not go quarterback. That's a Giants running back. 249 00:13:57,040 --> 00:13:59,840 Giants and Ruston, I'm. I'm glad you brought that up 250 00:13:59,840 --> 00:14:03,000 because there was another great clip that was coming out and and 251 00:14:03,000 --> 00:14:05,440 forgive my lagging, I don't know why my computer is lagging this 252 00:14:05,440 --> 00:14:08,000 bad today. But there was another clip that 253 00:14:08,000 --> 00:14:10,640 I wanted to play today and it was Sukwan Barkley as well. 254 00:14:10,680 --> 00:14:14,080 And and he was talking exactly about what you just brought up, 255 00:14:14,160 --> 00:14:19,480 that when you are one of these top prospects and you're granted 256 00:14:19,480 --> 00:14:21,960 this much money, you're not really taught about the best way 257 00:14:21,960 --> 00:14:26,180 to, you know, manage your money and you're just giving all this 258 00:14:26,180 --> 00:14:28,260 money. And that's why there's so many 259 00:14:28,260 --> 00:14:30,940 athletes out there that absolutely get wrecked. 260 00:14:30,940 --> 00:14:33,540 They they can be some of the best athletes in the world and 261 00:14:33,540 --> 00:14:36,700 then they end up completely broken, destitute because they 262 00:14:36,700 --> 00:14:40,620 don't understand how money works, why they should save 263 00:14:40,620 --> 00:14:43,620 money. And to Jack Mahler's point and I 264 00:14:43,620 --> 00:14:46,660 believe that clip like we are all forced to become speculators 265 00:14:46,660 --> 00:14:51,630 and This is why we want a hard money that doesn't steal from 266 00:14:51,630 --> 00:14:53,790 us. It's so simple because you do 267 00:14:53,790 --> 00:14:57,510 not have to get forced to becoming a speculating financial 268 00:14:57,510 --> 00:15:00,270 advisor just to just to float, just to get by. 269 00:15:00,270 --> 00:15:02,070 And this is the world that we live in. 270 00:15:02,070 --> 00:15:06,270 Everyone has become a financial speculator and that's because 271 00:15:06,270 --> 00:15:07,430 the money's broken. Stupid. 272 00:15:07,630 --> 00:15:11,750 Anyways, let's get into this plug by our boys over at Bitcoin 273 00:15:11,750 --> 00:15:14,190 conference. Yes we are fresh off of Austin 274 00:15:14,190 --> 00:15:19,660 bit block boom. And if you are in Europe, maybe 275 00:15:19,660 --> 00:15:21,260 you want to go hang out with other bitcoins. 276 00:15:21,260 --> 00:15:25,660 Bitcoin Amsterdam is October 12th and the 13th this year in 277 00:15:25,660 --> 00:15:26,740 what? A month or so? 278 00:15:27,100 --> 00:15:30,100 And then of course get the early bird tickets to Bitcoin 279 00:15:30,100 --> 00:15:34,500 Nashville 2024, July 25th and 27th and you can use the 280 00:15:34,500 --> 00:15:38,980 discount code simply to get. I believe it's 10% discount. 281 00:15:39,300 --> 00:15:41,660 Anyways, let's get into the news guys. 282 00:15:41,660 --> 00:15:47,850 We got a lot to cover today. The Daily News. 283 00:15:51,410 --> 00:15:56,170 All right guys, before I get into the news, so shouts out to 284 00:15:56,170 --> 00:15:59,130 our boy Brian De Mint, who wrote Bitcoin Evangelism. 285 00:15:59,290 --> 00:16:01,690 We say it all the time man. Have you ever struggled to 286 00:16:01,690 --> 00:16:04,410 answer your skeptical no corner friends objections? 287 00:16:04,410 --> 00:16:07,850 Your boomer neighbors questions? You ought Edna, who is worried 288 00:16:07,850 --> 00:16:10,930 about Bitcoin being the currency of the Antichrist, the annoying 289 00:16:10,930 --> 00:16:14,510 dude at work who is trying to dunk on you because the price is 290 00:16:14,510 --> 00:16:16,470 down. We'll get Bitcoin evangelism on 291 00:16:16,470 --> 00:16:22,350 Amazon and you can scan the QR code right here and go straight 292 00:16:22,350 --> 00:16:25,710 there and prepare yourself. As I was telling you guys 293 00:16:25,710 --> 00:16:28,950 yesterday, reading all these books, we can't really expect 294 00:16:29,380 --> 00:16:32,860 just a bunch of people to to sit down and read 300 pages. 295 00:16:33,020 --> 00:16:35,140 It's about preparing yourself with the tools and the 296 00:16:35,140 --> 00:16:37,820 techniques so that you can better spread the Bitcoin 297 00:16:37,820 --> 00:16:40,540 signal. Anyways guys, let's get into why 298 00:16:40,540 --> 00:16:43,860 you are here. So first and foremost, of 299 00:16:43,860 --> 00:16:47,060 course, we got the breaking news tweets from Bitcoin Magazine 300 00:16:47,060 --> 00:16:49,220 here. Breaking Grayscale wins its 301 00:16:49,220 --> 00:16:52,900 lawsuit against the SEC over converting its fund to a spot 302 00:16:53,140 --> 00:16:56,100 Bitcoin ETF. So that is the prevailing 303 00:16:56,100 --> 00:16:58,180 narrative so far on Twitter right now. 304 00:16:58,660 --> 00:17:00,860 And here we go. This is from Bloomberg U.S. 305 00:17:00,860 --> 00:17:04,339 court paves Way for first Bitcoin ETF in grayscale ruling 306 00:17:04,700 --> 00:17:07,420 and we got here Grayscale Investments LSC got a green 307 00:17:07,420 --> 00:17:09,700 light from a federal court to launch the first Bitcoin 308 00:17:09,700 --> 00:17:13,060 exchange traded fund in the USA. Watershed moment in the 309 00:17:13,060 --> 00:17:16,060 cryptocurrency industries quest to tap billions of dollars from 310 00:17:16,060 --> 00:17:19,460 everyday investors. A three judge appeals panel in 311 00:17:19,460 --> 00:17:22,660 Washington on Tuesday overturned a decision by the US Securities 312 00:17:22,660 --> 00:17:24,540 and Exchange Commission to block the ETF. 313 00:17:25,099 --> 00:17:27,380 The cases, Grayscale versus SEC 22. 314 00:17:27,380 --> 00:17:28,820 Yeah, we don't, we don't need to get in. 315 00:17:28,860 --> 00:17:31,620 But let's get into a little more of the Bloomberg article here so 316 00:17:31,620 --> 00:17:35,060 you guys can at least get the basics of what's going on and 317 00:17:35,060 --> 00:17:38,260 then we'll get the bitcoiners take on top of it and help you 318 00:17:38,260 --> 00:17:42,080 guys wade through the hopeium and what's actually going on. 319 00:17:42,080 --> 00:17:45,200 So of course we're on Bloomberg here guys and the headline is 320 00:17:45,440 --> 00:17:48,240 U.S. court paves way for first Bitcoin ETF and grayscale 321 00:17:48,240 --> 00:17:50,040 ruling. Ruling by appeals court 322 00:17:50,040 --> 00:17:53,160 overturns decision by SEC to block ETF. 323 00:17:53,440 --> 00:17:56,960 The court says regulators review was arbitrary and capricious. 324 00:17:57,080 --> 00:17:59,840 So I will read here a little more because I think it does a 325 00:18:00,080 --> 00:18:03,210 pretty good example of what's going on. 326 00:18:03,210 --> 00:18:05,330 Overview and then we'll get the Bitcoiners take. 327 00:18:05,330 --> 00:18:08,090 So Grayscale got backing from a federal court to launch the 328 00:18:08,090 --> 00:18:10,970 first Bitcoin exchange traded fund in the USA. 329 00:18:10,970 --> 00:18:13,290 Watershed moment in the cryptocurrency industry. 330 00:18:13,730 --> 00:18:17,050 The denial of Grayscale proposal was arbitrary and capricious 331 00:18:17,050 --> 00:18:20,090 because the Commission failed to explain it's different treatment 332 00:18:20,090 --> 00:18:22,930 of similar products, wrote Judge Naomi Rao. 333 00:18:22,930 --> 00:18:25,330 And as you can see, and as I showed you guys in the 334 00:18:25,330 --> 00:18:29,940 beginning, the Bitcoin price jumped up after this news got 335 00:18:29,940 --> 00:18:33,900 dropped. So hey, maybe people are liking 336 00:18:33,900 --> 00:18:35,420 that the SEC is losing out there. 337 00:18:35,700 --> 00:18:38,660 Anyways, Grayscale advanced substantial evidence that its 338 00:18:38,660 --> 00:18:42,460 project was similar to Bitcoin futures ETS approved by the SEC. 339 00:18:42,660 --> 00:18:45,700 The underlying asset of both types of products are closely 340 00:18:45,740 --> 00:18:48,420 correlated, and the surveillance sharing agreements with the 341 00:18:48,420 --> 00:18:50,900 Chicago Mercantile Exchange are identical. 342 00:18:51,100 --> 00:18:54,060 Grayscale says converting to an ETF would help it unlock about 343 00:18:54,060 --> 00:18:58,580 5.7 billion in value from the $16.2 billion US by making it 344 00:18:58,580 --> 00:19:01,660 easier to create and redeem shares, which I think is the 345 00:19:01,660 --> 00:19:04,860 most important part about the spot Bitcoin ETF, and of course 346 00:19:05,100 --> 00:19:09,500 about GB TC converting to a spot Bitcoin ETF, And so just a 347 00:19:09,500 --> 00:19:13,380 little history here. In June 2022, the SEC rejected 348 00:19:13,380 --> 00:19:16,860 Grayscale's conversion proposal, arguing that an ETF based on 349 00:19:16,860 --> 00:19:19,500 Bitcoin, which trades on unregulated markets, lacked 350 00:19:19,500 --> 00:19:21,380 adequate oversight to detect fraud. 351 00:19:21,620 --> 00:19:24,860 And Grayscale sued to overturn to the decision, accusing the 352 00:19:24,860 --> 00:19:28,380 SEC of discriminating against its product while proving 353 00:19:28,380 --> 00:19:31,540 similar Bitcoin futures ETF. Grayscale sought to create an 354 00:19:31,540 --> 00:19:34,620 ETF because the trust closed and structure doesn't allow for 355 00:19:34,620 --> 00:19:38,140 investors to redeem shares when prices fall, causing the trust 356 00:19:38,140 --> 00:19:41,420 to trade at steep discounts to its underlying Bitcoin. 357 00:19:41,580 --> 00:19:44,780 As an ETF, it could create and redeem shares to keep up with 358 00:19:44,780 --> 00:19:47,740 changing demand. Absolutely huge when this does 359 00:19:47,740 --> 00:19:49,780 get approved. Again, guys, this is not about 360 00:19:49,780 --> 00:19:52,740 an if, it's about a win. And we've been covering the 361 00:19:52,740 --> 00:19:56,490 BlackRock News, the Spot Bitcoin ETF, and there's obviously 362 00:19:56,490 --> 00:19:59,450 speculation of hey, is BlackRock gonna get approved first. 363 00:19:59,690 --> 00:20:04,050 But I think it is becoming clear that there is a queue of a lot 364 00:20:04,050 --> 00:20:07,330 of ETF's that will likely get approved around the same time. 365 00:20:07,610 --> 00:20:10,220 So. I know as a bitcoiner we always 366 00:20:10,220 --> 00:20:12,860 talk about, you know, take Bitcoin in self custody. 367 00:20:13,100 --> 00:20:15,220 I don't like paper, Bitcoin, etc, etc. 368 00:20:15,380 --> 00:20:19,140 This will unleash a lot of capital going into the Bitcoin 369 00:20:19,140 --> 00:20:20,940 market. Anyways, during a hearing on the 370 00:20:20,940 --> 00:20:23,620 case in March, the judges grilled the SEC about its 371 00:20:23,620 --> 00:20:26,580 decision and seem to side with Grayscale's argument that the 372 00:20:26,580 --> 00:20:29,700 underlying market for spot Bitcoin and Bitcoin futures pose 373 00:20:29,700 --> 00:20:31,620 the same risk for fraud and manipulation. 374 00:20:31,820 --> 00:20:34,540 One is essentially the derivative of the other route, 375 00:20:34,540 --> 00:20:37,580 said the judge. They moved together 99.9% of the 376 00:20:37,580 --> 00:20:38,620 time. So where's the gap? 377 00:20:38,780 --> 00:20:43,340 The commission's view SEC lawyer Emily True Paris Paris argued 378 00:20:43,340 --> 00:20:46,260 that unlike Spot, Bitcoin futures are traded on a public 379 00:20:46,260 --> 00:20:49,180 exchange with federal oversight, so the pricing and monitoring is 380 00:20:49,180 --> 00:20:52,140 more robust. Paris said Grayscale failed to 381 00:20:52,140 --> 00:20:55,020 provide enough data to show that fraud on the spot Bitcoin market 382 00:20:55,020 --> 00:20:57,620 would show up on the regulated futures markets. 383 00:20:57,820 --> 00:20:59,580 Okay. Now let's get into some of the 384 00:20:59,580 --> 00:21:03,260 bitcoiners take here. So first we got Dylan Leclair 385 00:21:04,050 --> 00:21:05,450 and he's got a tweet here and it goes. 386 00:21:05,450 --> 00:21:07,570 Grayscale wins lawsuit against the SEC. 387 00:21:07,570 --> 00:21:11,770 This DC Circuit Court of Appeals is vacating Sec's denial of 388 00:21:11,770 --> 00:21:16,170 Gbtc's conversion into an ETF. Now, this does not mean that GBT 389 00:21:16,890 --> 00:21:21,210 GBTC is automatically converting into an ETF, however, so let's 390 00:21:21,210 --> 00:21:25,490 look at this screenshot here of the row the Circuit Judge. 391 00:21:25,610 --> 00:21:28,330 So she goes. Or he goes, sorry, it is a 392 00:21:28,330 --> 00:21:31,250 fundamental principle of administrative law that agencies 393 00:21:31,250 --> 00:21:34,610 must treat like cases alike. The Securities and Exchange 394 00:21:34,610 --> 00:21:37,290 Commission recently approved the trading of two Bitcoin futures 395 00:21:37,290 --> 00:21:40,610 funds on national exchanges, but denied approval of Grayscale's 396 00:21:40,610 --> 00:21:42,770 Bitcoin fund. Petitioning for review of the 397 00:21:42,770 --> 00:21:46,050 Commission's denial order, Grayscale maintained it proposed 398 00:21:46,050 --> 00:21:50,090 Bitcoin TF product is materially similar to the Bitcoin futures 399 00:21:50,090 --> 00:21:52,410 exchange traded products and should have been approved to 400 00:21:52,410 --> 00:21:56,770 trade on NYSE Arca. And here's the part that is the 401 00:21:56,770 --> 00:21:59,930 highlighted part. That is where probably there's 402 00:21:59,930 --> 00:22:02,290 some confusion here and where we'll clarify. 403 00:22:02,450 --> 00:22:05,010 We agree that denial of Grayscale's proposal was 404 00:22:05,010 --> 00:22:08,570 arbitrary and capricious because the Commission failed to explain 405 00:22:08,570 --> 00:22:10,450 its different treatment of similar product. 406 00:22:10,450 --> 00:22:14,290 We therefore grant Grayscale's petition and vacate the order. 407 00:22:14,960 --> 00:22:17,800 OK, so moving back. Here we got Corey Clifton who 408 00:22:17,800 --> 00:22:21,520 quote tweeted Dylan and he goes. The correct take on grayscale 409 00:22:21,520 --> 00:22:24,200 ruling is below. Lots of bullshit headlines out 410 00:22:24,200 --> 00:22:26,640 there already. Grayscale is now in the queue 411 00:22:26,640 --> 00:22:29,720 with dozen others rather than being totally denied. 412 00:22:29,720 --> 00:22:34,720 So again, this doesn't automatically change GBTC into a 413 00:22:34,720 --> 00:22:40,510 spot Bitcoin ETF, but this is a huge win for the capital that's 414 00:22:40,510 --> 00:22:44,190 going to flow into Bitcoin. Now GBTC is looking like it's 415 00:22:44,190 --> 00:22:48,590 going to also be in the running for a spot Bitcoin ETF and then 416 00:22:48,590 --> 00:22:50,190 jumping down. If you don't believe the 417 00:22:50,190 --> 00:22:54,830 bitcoiners take, we have James C Fort here and he's a Bloomberg 418 00:22:54,830 --> 00:22:57,710 analyst and he basically doubled down on the same thing. 419 00:22:57,710 --> 00:22:59,750 So breaking there it is. Grayscale wins their lawsuit 420 00:22:59,750 --> 00:23:04,030 against the SEC DC-66 Circuit Court of Appeals vacating Scc's 421 00:23:04,030 --> 00:23:06,550 denial of Gbc's conversion into an ETF. 422 00:23:07,030 --> 00:23:11,110 And again, this is the point though this does not mean GBTC 423 00:23:11,110 --> 00:23:14,950 is automatically converting into an ETF, but it certainly brings 424 00:23:14,950 --> 00:23:18,990 things one step closer. And so you can see there's 425 00:23:18,990 --> 00:23:21,910 nothing in here giving us any timelines on when the SEC has to 426 00:23:21,910 --> 00:23:24,750 issue another order. So I'm not sure on timelines. 427 00:23:24,750 --> 00:23:27,670 I was initially thinking something like a deadline of 45 428 00:23:27,670 --> 00:23:33,040 days or 60 days, but nothing in here saying that this is the 429 00:23:33,040 --> 00:23:35,920 brutal quote from Rao. The commission's unexplained 430 00:23:35,920 --> 00:23:38,320 discounting of the obvious financial and mathematical 431 00:23:38,320 --> 00:23:41,400 relationship between the spot and futures markets fall short 432 00:23:41,400 --> 00:23:43,680 of the standard for reason decision making. 433 00:23:44,040 --> 00:23:46,560 And then just to kind of double down on this, we are over here 434 00:23:46,560 --> 00:23:50,110 on no BS Bitcoin and they got a good quote here and goes it 435 00:23:50,110 --> 00:23:53,630 virtually guarantees they will approve BlackRock infidelity. 436 00:23:53,630 --> 00:23:56,710 Grayscale may need to refile, but they will almost certainly 437 00:23:56,710 --> 00:24:00,550 be approved as well. So again, we've been saying for 438 00:24:00,550 --> 00:24:05,310 a while, it's not about if it's about when these spot Bitcoin 439 00:24:05,390 --> 00:24:10,550 ETF's will be approved. So you know the SEC has been 440 00:24:10,550 --> 00:24:16,090 kind of playing this chicken in the train game or what's it head 441 00:24:16,090 --> 00:24:21,210 cut off and what what are they saying ruling thing I'm blanking 442 00:24:21,210 --> 00:24:23,650 on on what their wording was but you got sailor here and it goes. 443 00:24:23,650 --> 00:24:26,610 This District of Columbia Court of Appeals has paved the way for 444 00:24:26,610 --> 00:24:30,490 Bitcoin exchange traded funds. So again, I know some people are 445 00:24:30,490 --> 00:24:33,490 saying we are click baiting here, but this is a huge win 446 00:24:33,490 --> 00:24:37,450 because it moves the needle forward to a spot Bitcoin ETF 447 00:24:37,450 --> 00:24:40,170 being approved. And yes, you know this is 448 00:24:40,210 --> 00:24:41,730 obviously been bullish on the price. 449 00:24:41,730 --> 00:24:45,690 This Bitcoin price jumped up to 27, maybe we're close to 28 now 450 00:24:46,170 --> 00:24:49,650 and but this doesn't automatically mean GBTC is going 451 00:24:49,650 --> 00:24:54,370 to become a Bitcoin spot ETF, but it is looking like it's 452 00:24:54,370 --> 00:24:57,410 going to happen soon enough. But you know, as the Bitcoin is 453 00:24:57,410 --> 00:25:00,690 the cynical Bitcoin in here, I really like Nick Bottia's tweet 454 00:25:00,690 --> 00:25:04,850 here AKA time value of BTC and it goes Bitcoin up 5% on SEC 455 00:25:04,850 --> 00:25:07,810 Grayscale News. SEC treatment of Bitcoin is a 456 00:25:07,810 --> 00:25:10,690 clown show. Any defeat for the SEC in court 457 00:25:10,690 --> 00:25:12,930 is taken as positive news for Bitcoin. 458 00:25:13,090 --> 00:25:17,330 So this is probably why we are seeing the Bitcoin price respond 459 00:25:17,330 --> 00:25:21,210 the way it is. But hey, love to see it. 460 00:25:21,210 --> 00:25:24,930 We knew this was coming. We knew that a spot Bitcoin ETF 461 00:25:24,930 --> 00:25:29,030 was a matter of when and not if. And here we are guys, it is 462 00:25:29,030 --> 00:25:31,590 happening. You know, I hope you didn't 463 00:25:31,590 --> 00:25:35,190 think we're going back down to 15 Ki hope you're stacking. 464 00:25:35,190 --> 00:25:36,790 Anyways, Ruston, what's your thoughts on all this? 465 00:25:37,670 --> 00:25:41,430 Hey, shout out to Matt J. The SEC won't let me be let me 466 00:25:41,430 --> 00:25:42,910 be me. So let me see. 467 00:25:43,150 --> 00:25:45,630 OK, But the grayscale Bitcoin Trust sucked. 468 00:25:45,950 --> 00:25:48,990 Even after all these years, I don't think anyone ever 469 00:25:48,990 --> 00:25:51,310 explained that to me. And it actually made sense. 470 00:25:51,310 --> 00:25:54,310 As far as the NAV and the, you know, all these things with it. 471 00:25:54,310 --> 00:25:56,960 It was never. Really connected to spot. 472 00:25:56,960 --> 00:26:00,000 It wasn't an ETF. It's a trust, but people can't 473 00:26:00,000 --> 00:26:01,520 change it and they can't withdraw. 474 00:26:01,920 --> 00:26:05,240 But we are seeing that sometimes maybe the system works and 475 00:26:05,240 --> 00:26:09,320 checks and balances are in place and we can get some results that 476 00:26:09,320 --> 00:26:13,280 we wanted. So let's see, we got they 477 00:26:13,280 --> 00:26:16,680 mentioned arbitrary and capricious because how can you 478 00:26:16,680 --> 00:26:20,000 have futures ETF's that you don't have to hold the parity 479 00:26:20,120 --> 00:26:23,520 and not have a SPOT ETF. So that lunacy was just brought 480 00:26:23,520 --> 00:26:25,600 to light. In public, in court. 481 00:26:25,600 --> 00:26:29,600 So Gary, I'm sure he had a fun time trying to explain that. 482 00:26:29,880 --> 00:26:32,960 But we're also seeing the power of the public and the people who 483 00:26:32,960 --> 00:26:35,120 requested. I mean, I don't know how many 484 00:26:35,120 --> 00:26:41,000 petitions have been signed to transition GB TC to a spot ETF. 485 00:26:41,000 --> 00:26:45,400 So that is impressive and we're seeing the power of the people 486 00:26:45,400 --> 00:26:47,040 in some different ways around here. 487 00:26:47,480 --> 00:26:51,400 But you can't, with any confidence you know, try to 488 00:26:51,400 --> 00:26:55,900 promote some paper futures ETF. And then not have a spot ETF, 489 00:26:55,900 --> 00:26:58,420 which is probably the most honest of all the products 490 00:26:58,420 --> 00:27:00,980 there. As for the rules, they do have 491 00:27:00,980 --> 00:27:04,820 to hold the parity, the underlying product, and I just 492 00:27:04,820 --> 00:27:08,260 wanted to get to this earlier. Narwhal Tacos brought up a good 493 00:27:08,260 --> 00:27:10,620 point. You do not want to use your 494 00:27:10,620 --> 00:27:14,060 stamp seed when crossing the border probably don't store that 495 00:27:14,060 --> 00:27:20,400 in your prison wallet. OK all right guys. 496 00:27:20,440 --> 00:27:23,040 I I switched my camera because it it seems to be lagging on me. 497 00:27:23,040 --> 00:27:27,520 So for forgive me but wow Rustin never never ceases to surprise 498 00:27:27,520 --> 00:27:29,280 us. OK well absolutely love it. 499 00:27:29,280 --> 00:27:31,760 But yeah, I I couldn't agree more with with what you were 500 00:27:31,760 --> 00:27:34,280 saying and and your takes out there and shouts out to everyone 501 00:27:34,280 --> 00:27:36,840 in the chat. But hey Rustin, let's also let's 502 00:27:36,840 --> 00:27:39,600 continue to double down and give them some more sauce with your 503 00:27:39,600 --> 00:27:44,440 culture segment because if this news coming out from the SEC 504 00:27:45,120 --> 00:27:48,260 doesn't make you bullish, I mean you should be bullish anyways. 505 00:27:48,260 --> 00:27:50,900 Obviously we are simply Bitcoin, we're always bullish, we stay 506 00:27:50,900 --> 00:27:54,380 bullish, we stay bull tarted. But I think we have some more 507 00:27:54,380 --> 00:27:58,500 data points coming in that are going to make you want to stack 508 00:27:58,540 --> 00:28:01,180 even more than you already have. So we'll give you the floor 509 00:28:01,180 --> 00:28:08,200 resting the daily culture. Brought to you by Swan 510 00:28:08,240 --> 00:28:12,560 bitcoin.com Swan is the best way to build your Bitcoin stack with 511 00:28:12,600 --> 00:28:16,200 automated Bitcoin savings plans and instant purchases serving 512 00:28:16,200 --> 00:28:20,560 clients of any size from $10 to $10 million. 513 00:28:20,560 --> 00:28:23,960 We love Swan because they incentivize self custody and 514 00:28:23,960 --> 00:28:26,560 dollar cost averaging. What are you waiting for? 515 00:28:26,560 --> 00:28:33,530 Visit swanbitcoin.com And of course guys, before we go on you 516 00:28:33,530 --> 00:28:36,730 got to plug Pacific Bitcoin. Look, if you're not in Europe, 517 00:28:37,370 --> 00:28:39,290 if you're on the West Coast and you want to hang out with 518 00:28:39,290 --> 00:28:42,090 bitcoiners, if you're fomoing because you weren't in Austin at 519 00:28:42,090 --> 00:28:44,890 Bit Block boom make sure you make it to the Pacific Bitcoin 520 00:28:44,890 --> 00:28:48,210 Festival October 5th and 6th in sunny LA. 521 00:28:48,210 --> 00:28:51,210 It is what, 30 days away? 40s. 522 00:28:51,850 --> 00:28:53,770 Less than 40 days away or something like that. 523 00:28:53,770 --> 00:28:55,810 Maths hard. Anyways, your favorite 524 00:28:55,810 --> 00:28:56,930 bitcoiners are going to be there. 525 00:28:56,930 --> 00:28:59,650 It's going to be awesome at the hangar like it was last year and 526 00:28:59,650 --> 00:29:02,690 you can get your tickets today before price rises. 527 00:29:02,690 --> 00:29:05,170 I don't even of the Rising, but I'm guessing they are. 528 00:29:05,170 --> 00:29:10,570 The GA ticket is $600.00 of VIP ticket is $2900 and we will be 529 00:29:10,570 --> 00:29:12,010 there. Man, I want to see you guys. 530 00:29:12,010 --> 00:29:14,010 Last year was awesome for the first year. 531 00:29:14,170 --> 00:29:17,490 I can only imagine that this year it's going to be even 532 00:29:17,490 --> 00:29:20,170 bigger and better. Anyways, Rustin, what do you got 533 00:29:20,170 --> 00:29:24,330 for us out there? All right, so we got some good 534 00:29:24,330 --> 00:29:26,810 stuff. Now let's look at this Bitcoin 535 00:29:26,810 --> 00:29:29,810 bear market. At 490 days, it is the most 536 00:29:29,810 --> 00:29:31,930 prolonged bear market in history. 537 00:29:32,370 --> 00:29:36,170 Meaning that the diehards, the plebs and the true believers had 538 00:29:36,170 --> 00:29:41,730 more time to stack this bear market than any time in history. 539 00:29:42,010 --> 00:29:45,850 Now let's go ahead and move on so that that is already bullish 540 00:29:46,290 --> 00:29:48,770 as we will continue to build on that. 541 00:29:48,770 --> 00:29:52,250 But also news Bitcoin historically trading below the 542 00:29:52,250 --> 00:29:56,130 200 week moving average also associated with the bullish 543 00:29:56,130 --> 00:29:59,890 wave, and Michael Saylor tweeted that out earlier and it had the 544 00:30:00,250 --> 00:30:04,090 kind of the local chart. And we're in that deep blue kind 545 00:30:04,090 --> 00:30:07,170 of coming and we just hopped back above the 200 week moving 546 00:30:07,170 --> 00:30:11,090 average with the bullish news this morning with Grayscale. 547 00:30:11,090 --> 00:30:14,210 So it was some interesting developments, adding to the 548 00:30:14,210 --> 00:30:19,610 bullishness guys the scarcest, the only finite supplied true 549 00:30:20,170 --> 00:30:24,330 asset on the planet is becoming even more scarce as the supply 550 00:30:24,330 --> 00:30:27,850 and Bitcoin is that it's lowest point in over half a decade, 551 00:30:28,250 --> 00:30:30,930 only approximately 6% of Bitcoin. 552 00:30:31,400 --> 00:30:35,000 The overall out of the 21,000,000 is currently on 553 00:30:35,000 --> 00:30:39,560 exchanges and that is the lowest level since December 2017. 554 00:30:39,560 --> 00:30:43,040 So go ahead and check that chart out and this is where we are at 555 00:30:43,040 --> 00:30:47,360 and we trace back right about, Yep, coming right off of that 556 00:30:47,360 --> 00:30:49,160 peak. So it's very interesting, you 557 00:30:49,160 --> 00:30:52,080 know, history rhyming and things of that nature. 558 00:30:52,160 --> 00:30:56,600 Let's see what takes place and we got grayscale will be added. 559 00:30:56,950 --> 00:31:01,070 Of course into this list, but our full list we've got Arc 21 I 560 00:31:01,070 --> 00:31:04,750 shares from BlackRock, the Bitwise, the Van X, the Wisdom 561 00:31:04,750 --> 00:31:07,190 Tree, Invesco, Fidelity and Valkyrie. 562 00:31:07,430 --> 00:31:10,990 So let's go ahead and see the first deadlines. 563 00:31:10,990 --> 00:31:15,750 November we got September 2nd for I shares Bitcoin Trust, 564 00:31:16,070 --> 00:31:20,710 September 1st for bitwise, September 2nd Van X, September 565 00:31:20,710 --> 00:31:23,780 2nd Wisdom Tree. So all these guys, September 566 00:31:23,780 --> 00:31:27,980 2nd, Fidelity, Invesco except for Valkyrie, then the next day 567 00:31:27,980 --> 00:31:32,980 goes into October 17th is where they're looking for the second 568 00:31:32,980 --> 00:31:35,860 deadline. Final deadlines are right in the 569 00:31:35,860 --> 00:31:39,700 first quarter of 2024, so those are in March. 570 00:31:39,700 --> 00:31:42,980 So if those final deadlines were met, that would be one month 571 00:31:42,980 --> 00:31:46,380 before the official having comes into effect. 572 00:31:46,500 --> 00:31:48,860 Major bullish action because this. 573 00:31:49,350 --> 00:31:52,350 This isn't the 2017, you know, fake Paul Reveres. 574 00:31:52,590 --> 00:31:54,310 He's really coming around the corner. 575 00:31:54,590 --> 00:31:57,630 And the Redcoats are coming, you know, and we could say that 576 00:31:57,630 --> 00:32:01,550 because, you know, institutions, new levels, new devils, the 577 00:32:01,550 --> 00:32:06,030 rehypothecation risks are there. But I want to show you something 578 00:32:06,030 --> 00:32:08,470 else. And if history rhymes, let's go 579 00:32:08,470 --> 00:32:11,830 ahead and take a look. All right, let's take a look at 580 00:32:11,830 --> 00:32:16,510 the shiny rock gold. Prior to the gold ETFOK, it was 581 00:32:16,510 --> 00:32:20,790 a dead rock. And then gold's price, 4X over 7 582 00:32:20,790 --> 00:32:22,750 years. And that's gold, right? 583 00:32:22,990 --> 00:32:29,070 Seven X / 4 or 4X over 7 years. So if we take a look at this, 584 00:32:29,070 --> 00:32:32,470 the spot Bitcoin ETF again, major catalyst. 585 00:32:32,750 --> 00:32:36,510 And you know, Bitcoin moves a lot faster, Okay. 586 00:32:36,510 --> 00:32:39,110 And it's truly scarce and verifiable. 587 00:32:39,110 --> 00:32:42,590 So that just gives you an idea of things that could come down 588 00:32:42,590 --> 00:32:44,470 the pipe. Like an ETF didn't even get 589 00:32:44,470 --> 00:32:47,070 approved today, they just said the SCC's reasoning. 590 00:32:47,460 --> 00:32:49,460 For denying it was regarded okay. 591 00:32:49,660 --> 00:32:54,180 So that's coming up and we, you know, we had The Who was that 592 00:32:54,180 --> 00:32:56,340 Matt shouting out Eminem earlier. 593 00:32:56,340 --> 00:32:58,180 So let's go and take a look at this. 594 00:32:58,180 --> 00:33:02,260 If you'd invested $100 in Bitcoin when Kamikaze featured 595 00:33:02,260 --> 00:33:05,180 the Bitcoin shout out, it was Royce the five nine. 596 00:33:05,180 --> 00:33:07,940 Everyone used to bite nickel. Now everybody doing Bitcoin, 597 00:33:07,940 --> 00:33:15,120 you'd have $368.81 a 268%. Increase on your cut buck 598 00:33:15,120 --> 00:33:18,320 investment. Now also bullish guys and this 599 00:33:18,320 --> 00:33:21,840 is with, you know, Larry Fink and BlackRock, you know they got 600 00:33:21,840 --> 00:33:24,200 to buy a lot of Bitcoin because there's going to be massive 601 00:33:24,200 --> 00:33:26,680 demand for these products, all of these guys. 602 00:33:26,960 --> 00:33:30,400 And Robin Hood is already the third largest holder of Bitcoin 603 00:33:30,840 --> 00:33:35,760 with three, let's see here 3 billion stash and that's 604 00:33:35,760 --> 00:33:37,120 according to Arkham Intelligence. 605 00:33:37,120 --> 00:33:40,520 So that wallet we were tracking for a couple weeks ended up 606 00:33:40,520 --> 00:33:44,530 being connected to Robin Hood. So guys, massive institutional, 607 00:33:44,530 --> 00:33:47,330 you know, are going to have to come in and accrue some Bitcoin 608 00:33:47,330 --> 00:33:51,290 for all their products and then you know the plebs are stacking. 609 00:33:51,290 --> 00:33:55,290 No, no one cares. You know we are going hard as 610 00:33:55,490 --> 00:33:58,490 fuck stacking those sets baby. And no one's going to you. 611 00:33:58,610 --> 00:34:02,010 No one's going to tell you any different or me any different or 612 00:34:02,010 --> 00:34:06,050 anyone else, because we know where this is going and we just 613 00:34:06,050 --> 00:34:10,330 got the sign off from the largest asset holder on the 614 00:34:10,330 --> 00:34:13,540 planet. And that also is saying all your 615 00:34:13,540 --> 00:34:17,219 ESG bullshit. Greenpeace You can shove that up 616 00:34:17,219 --> 00:34:20,100 your prison wallet and get the hell out of here. 617 00:34:20,100 --> 00:34:23,219 Because Bitcoin ain't stopping. Bitcoin is here to promote 618 00:34:23,219 --> 00:34:25,540 everything, whether you're environmentalist or not. 619 00:34:25,780 --> 00:34:29,060 Bitcoin is here for you. We're going to make flare gas 620 00:34:29,060 --> 00:34:31,659 great again, I guess, you know, And we're going to monetize all 621 00:34:31,659 --> 00:34:34,179 this wasted energy. We're going to stabilize the 622 00:34:34,179 --> 00:34:36,580 grid and make energy cheaper for everyone. 623 00:34:36,820 --> 00:34:39,219 So go fuck yourselves, Greenpeace. 624 00:34:39,420 --> 00:34:43,900 Bitcoin stays winning. Hold on. 625 00:34:46,300 --> 00:34:47,739 Hey, guys, smash that like button. 626 00:34:47,739 --> 00:34:49,780 You do not get this type of content anywhere else. 627 00:34:49,780 --> 00:34:52,620 But anyways, let's get back to some of this news story here 628 00:34:52,620 --> 00:34:55,860 that you got. Oh, man, you you cracked me up. 629 00:34:56,340 --> 00:34:58,580 All right, so of course, of course, of course. 630 00:34:58,580 --> 00:35:02,900 Man, this has been the longest bear market I think ever. 631 00:35:03,460 --> 00:35:07,020 And we have the numbers and not only do we have the numbers to 632 00:35:07,020 --> 00:35:10,380 show that, but it's felt like the longest bear market. 633 00:35:10,660 --> 00:35:13,980 And and you can see that everyone, well, not everyone, 634 00:35:13,980 --> 00:35:16,580 but a lot of people have the bear market fatigue right now 635 00:35:16,580 --> 00:35:18,540 that they're they're starting to feel that pain. 636 00:35:18,860 --> 00:35:23,140 But it does have inklings of moving forward. 637 00:35:23,140 --> 00:35:26,060 It does seem like we are starting to get out of the woods 638 00:35:26,300 --> 00:35:30,340 because yeah. This take Matthew J just posted 639 00:35:30,340 --> 00:35:33,200 in here so we said. Yo, simply, is it possible that 640 00:35:33,200 --> 00:35:36,000 Robin Hood is holding it for black rocker institutions? 641 00:35:36,000 --> 00:35:38,120 A pension fund, sovereign wealth fund? 642 00:35:38,600 --> 00:35:41,360 I mean, totally possible. So they're trying to frontrun to 643 00:35:41,360 --> 00:35:43,320 be the person they come to to get their goods. 644 00:35:43,320 --> 00:35:46,600 So definitely possible. I mean, all things are open. 645 00:35:46,600 --> 00:35:49,040 We can't really take too many things off the table here, but 646 00:35:49,040 --> 00:35:52,160 that was a great thing. Soon we will only know in time. 647 00:35:52,160 --> 00:35:54,600 But of course, I mean, since we're talking about Robin Hood 648 00:35:54,600 --> 00:35:59,700 guys, of course I'm pretty sure if I remember correctly maybe 649 00:35:59,700 --> 00:36:03,060 I'm forgetting things. I do have a bad memory, but take 650 00:36:03,060 --> 00:36:06,100 your Bitcoin into self custody. I'm pretty sure Robin Hood 651 00:36:06,100 --> 00:36:08,140 allows that. Guys, do not leave your Bitcoin 652 00:36:08,140 --> 00:36:10,140 there. But yeah, maybe dude, Matt, 653 00:36:10,140 --> 00:36:12,340 maybe. Maybe you are 100% correct 654 00:36:12,340 --> 00:36:14,340 there. Anyways, let's get back to this 655 00:36:14,340 --> 00:36:16,700 a little bit. You know, I think it's all 656 00:36:16,700 --> 00:36:20,580 adding up very good and and it's something that we've seen in the 657 00:36:20,580 --> 00:36:22,780 past. We, I've been here for, I don't 658 00:36:22,780 --> 00:36:28,970 know, two cycles now and there is kind of a trend that you see 659 00:36:29,210 --> 00:36:32,650 during bull and bear market, During the bear market, any 660 00:36:32,650 --> 00:36:34,570 amount of bad news the price dump. 661 00:36:34,570 --> 00:36:38,610 So even if it even if it's noise and in a bull market any amount 662 00:36:38,610 --> 00:36:41,370 of good news even if it's noise pumps the price. 663 00:36:41,570 --> 00:36:45,770 Now again, do we know if we are really out of this bear market, 664 00:36:45,810 --> 00:36:47,130 out of the crab? Yeah, up to you. 665 00:36:47,130 --> 00:36:49,450 It was just like think about this bear market. 666 00:36:49,450 --> 00:36:52,490 Has there ever been a bear market with this much bullish 667 00:36:52,490 --> 00:36:54,730 news, like throughout the whole thing? 668 00:36:55,130 --> 00:36:56,890 I mean this, this is crazy for like. 669 00:36:57,090 --> 00:37:00,210 Yeah, like from starting with all of it, you know, there's 670 00:37:00,210 --> 00:37:04,050 possibility of Russia, you know, trading and energy priced in 671 00:37:04,050 --> 00:37:05,890 Bitcoin and all this stuff that's come out. 672 00:37:06,130 --> 00:37:08,290 And now here we are. We're finally getting, you know, 673 00:37:08,290 --> 00:37:11,850 touching that 28K mark and starting to pump and maybe this 674 00:37:11,850 --> 00:37:14,250 is it, maybe that was the catalyst, but we'll see. 675 00:37:15,230 --> 00:37:18,710 Yeah. And it's just important guys to 676 00:37:18,710 --> 00:37:21,670 continue to stack, continue to accumulate. 677 00:37:21,670 --> 00:37:25,990 I, I was hearing the cafe Bitcoin spaces this morning and 678 00:37:25,990 --> 00:37:29,190 we know our maybe you guys don't know if you're new to the space, 679 00:37:29,190 --> 00:37:32,230 but the Bitcoin price moves on the margins. 680 00:37:32,230 --> 00:37:35,990 There's not much Bitcoin on the exchanges as Ruston showed us. 681 00:37:36,350 --> 00:37:39,470 And it's all the degenerate traders that are making the 682 00:37:39,470 --> 00:37:42,870 price fluctuate that are getting the noobs wrecked out there. 683 00:37:42,870 --> 00:37:45,150 But the name of the game guys is accumulate. 684 00:37:45,390 --> 00:37:47,830 Accumulate as much Bitcoin as possible. 685 00:37:48,070 --> 00:37:52,390 Right now is the time to be auditing your behavior, auditing 686 00:37:52,390 --> 00:37:55,870 your finances, and getting as much exposure as possible. 687 00:37:55,870 --> 00:37:57,710 Because it's something we've been talking about for a minute 688 00:37:57,710 --> 00:38:00,910 on the show. This could quite possibly be the 689 00:38:00,910 --> 00:38:06,370 last bull run where the average person can get a hold of a full 690 00:38:06,370 --> 00:38:08,810 coin. And this is generational wealth. 691 00:38:08,810 --> 00:38:11,530 And if you can acquire one coin, someone said in the chat, if you 692 00:38:11,530 --> 00:38:14,650 can get one coin, that means that a millionaire out there and 693 00:38:14,650 --> 00:38:16,290 Fiat terms won't be able to get a coin. 694 00:38:16,290 --> 00:38:19,530 Guys, this is when you want to double down on your cash flows, 695 00:38:19,530 --> 00:38:22,330 double down, maybe work overtime, sell your chairs. 696 00:38:22,450 --> 00:38:25,040 But, but again, guys, we say it all the time. 697 00:38:25,200 --> 00:38:27,640 I know they're saying we're geeking on the show. 698 00:38:27,640 --> 00:38:30,920 We're getting excited today. I've been warning you guys for a 699 00:38:30,920 --> 00:38:35,280 minute that I'm gonna be absolutely unbearably bullish on 700 00:38:35,280 --> 00:38:37,080 this show when the price starts pumping. 701 00:38:38,120 --> 00:38:40,960 I'm okay with this. I acknowledge this, but we say 702 00:38:40,960 --> 00:38:43,720 it all the time, stack sats and stay solvent. 703 00:38:43,720 --> 00:38:47,160 This is the way guys do not get yourself over leverage. 704 00:38:47,630 --> 00:38:50,230 This is the beauty of Bitcoin and and hence why we kind of 705 00:38:50,230 --> 00:38:52,590 played that Jack Muller's clip in the in the beginning. 706 00:38:52,790 --> 00:38:55,990 Because it's all about holding the best money and not turning 707 00:38:55,990 --> 00:39:00,110 yourself into a speculator, not getting over leverage, not going 708 00:39:00,150 --> 00:39:03,150 full degen mode on this. Just stack sets, take that 709 00:39:03,150 --> 00:39:07,310 Bitcoin into self custody and this is the way and and right 710 00:39:07,310 --> 00:39:08,990 now I know it's getting a little frothy. 711 00:39:09,900 --> 00:39:11,980 I've been I've been warning you guys for a couple of for a 712 00:39:11,980 --> 00:39:15,500 couple of weeks now that now is the time to get all your ducks 713 00:39:15,500 --> 00:39:17,580 in order. I know we dropped a clip on our 714 00:39:17,580 --> 00:39:20,460 You Tube channel about UT XO management. 715 00:39:20,580 --> 00:39:22,020 Up the check. Two sons. 716 00:39:23,180 --> 00:39:25,620 Oh my God. Hey, what's this? 717 00:39:25,620 --> 00:39:27,340 The final capitulation we needed? 718 00:39:27,340 --> 00:39:30,020 We've seen some capitulation in the last couple of weeks. 719 00:39:30,380 --> 00:39:32,220 Maybe we got the sacrifice we needed. 720 00:39:32,220 --> 00:39:34,300 Tucson Absolutely love to see it. 721 00:39:34,620 --> 00:39:37,260 But yeah, right here, like BTC Moon guys says it best. 722 00:39:37,260 --> 00:39:39,700 It's a war. Accumulate Bitcoin or die, guys. 723 00:39:39,980 --> 00:39:42,860 You know, I know, I know it sounds like we're being 724 00:39:42,860 --> 00:39:47,540 hyperbolic a lot of times, but it really is Bitcoin or slavery. 725 00:39:47,540 --> 00:39:51,380 It really is Cbdc's verse Bitcoin and freedom money verse 726 00:39:51,460 --> 00:39:55,170 dystopian tyrannical money. And This is why Bitcoin will 727 00:39:55,170 --> 00:39:57,130 win. This is why the world is 728 00:39:57,130 --> 00:40:00,410 starting to wake up to it. And and even I was kind of gonna 729 00:40:00,410 --> 00:40:03,810 wait for this tomorrow, but maybe it's a good time to kind 730 00:40:03,810 --> 00:40:07,010 of bring this back in, cuz Rustin kind of explained it well 731 00:40:07,010 --> 00:40:09,210 like this bear market I think has been. 732 00:40:09,760 --> 00:40:12,320 One of the bullish bear markets we've seen in a long time. 733 00:40:12,360 --> 00:40:15,400 Obviously the people are taking Bitcoin into self custody. 734 00:40:15,560 --> 00:40:18,120 It seems like bitcoiners are waking up out there. 735 00:40:18,120 --> 00:40:21,160 We're making new bitcoiners. They're practicing the best 736 00:40:21,160 --> 00:40:24,240 Bitcoin habits, taking Bitcoin into self custody, not trusting 737 00:40:24,240 --> 00:40:28,320 middle men. And of course we have the 738 00:40:28,320 --> 00:40:30,480 biggest asset manager in the world embrace Bitcoin. 739 00:40:30,480 --> 00:40:33,840 And I've said it as a joke in the past and I now I'm not the 740 00:40:33,840 --> 00:40:36,720 only one saying this and and you know safe Dean said this as 741 00:40:36,720 --> 00:40:40,220 well. I I said in the past like maybe 742 00:40:40,300 --> 00:40:44,180 we're all we're all afraid of BlackRock breaking Bitcoin. 743 00:40:44,620 --> 00:40:47,700 But maybe it's Bitcoin that brings BlackRock down and 744 00:40:47,700 --> 00:40:49,780 safety. And just tweeted this yesterday 745 00:40:49,780 --> 00:40:53,100 and he was quoting the white paper and it's that famous quote 746 00:40:53,620 --> 00:40:57,020 from the white paper from Satoshi himself that says people 747 00:40:57,020 --> 00:41:01,020 will be incentivized to follow the rules versus trying to you 748 00:41:01,020 --> 00:41:04,060 know do nefarious stuff. So it's looking like the Bitcoin 749 00:41:04,060 --> 00:41:07,370 incentives are continuing to stay pure. 750 00:41:07,370 --> 00:41:09,890 It's continuing to fix the Fiat world. 751 00:41:10,250 --> 00:41:13,250 And again, guys, we're seeing that even the SEC out there, an 752 00:41:13,250 --> 00:41:18,010 institution is starting to have to play by the same rules for 753 00:41:18,010 --> 00:41:20,370 everyone, which is absolutely bullish for Bitcoin. 754 00:41:20,370 --> 00:41:23,450 And I say it all the time. I know, look, I already hear 755 00:41:23,450 --> 00:41:25,810 something's like Opti said, bullish like 47 times on today's 756 00:41:25,810 --> 00:41:27,770 show. Yeah, whatever guys, it is what 757 00:41:27,770 --> 00:41:32,530 it is. It makes me think of the meme. 758 00:41:33,050 --> 00:41:35,010 Bitcoin changes you. You don't change Bitcoin. 759 00:41:35,330 --> 00:41:38,610 And it's only a matter of time until all these institutions 760 00:41:38,610 --> 00:41:42,010 bend the need of Bitcoin. They realize that Bitcoin is, at 761 00:41:42,010 --> 00:41:44,410 least in America, you know, constitutionally protected. 762 00:41:44,410 --> 00:41:48,300 It is a free speech matter, You know it's not illegal. 763 00:41:48,420 --> 00:41:50,180 They can try to say whatever they want. 764 00:41:50,180 --> 00:41:53,420 They can try to get you to endorse a certain politician so 765 00:41:53,420 --> 00:41:55,660 that you know he protects your Bitcoin. 766 00:41:55,660 --> 00:41:59,940 But Bitcoin is already protected as long as they follow the oath 767 00:41:59,980 --> 00:42:03,700 that they said they were going to follow when they got into 768 00:42:03,700 --> 00:42:08,540 office. But anyways, guys, TLDR this is 769 00:42:08,540 --> 00:42:11,510 when you should be stacking. I think this is the safest time 770 00:42:11,710 --> 00:42:15,870 to be stacking Bitcoin. This is the time when we have so 771 00:42:15,870 --> 00:42:18,590 many receipts, so many examples that you can show your parents 772 00:42:18,590 --> 00:42:20,630 out there, your boomer parents out there, your friends out 773 00:42:20,630 --> 00:42:23,070 there. From every example, we have the 774 00:42:23,070 --> 00:42:27,310 bait to catch the fish now. Hey, do you follow traditional 775 00:42:27,310 --> 00:42:30,070 financial world well? Hey look, black rocks endorsing 776 00:42:30,070 --> 00:42:33,950 Bitcoin. Do you follow the ESG fund? 777 00:42:33,950 --> 00:42:37,030 Well look, Bitcoin is fixing the energy problems. 778 00:42:37,390 --> 00:42:39,670 Or are you simply just a number? Go up guys. 779 00:42:39,750 --> 00:42:42,830 Well, hey, look, Bitcoin is still hard cap and all this 780 00:42:42,830 --> 00:42:44,710 capital was about to get unleashed into Bitcoin. 781 00:42:44,710 --> 00:42:46,950 I don't know about you, but I'm feeling extra bullish this 782 00:42:46,950 --> 00:42:50,710 morning and it's only, look, I'll tell you now, I'm going to 783 00:42:50,710 --> 00:42:53,310 get stupidly bullish guys. I'm going to get bulltarted. 784 00:42:53,730 --> 00:43:02,730 Hey, This is why I'm here, OK? Yeah. 785 00:42:55,050 --> 00:42:57,050 This is why I'm here. Anyways, Russian, you want to 786 00:42:57,050 --> 00:42:58,810 jump in a little more before we get into the meme? 787 00:42:58,890 --> 00:43:02,290 Because I I was already having a bunch of fun I can't even keep. 788 00:43:03,210 --> 00:43:06,090 The chats outline. We have, you know, a hot take 789 00:43:06,090 --> 00:43:09,970 from Skip on down the road. He's not a professional in his 790 00:43:09,970 --> 00:43:12,610 field, but he knows a certain someone when he sees it. 791 00:43:13,010 --> 00:43:17,050 I'm sorry about that, Opti. He He shamed your woman. 792 00:43:17,050 --> 00:43:20,650 So I don't know if there will be a wait, wait, Can you pull it 793 00:43:20,650 --> 00:43:20,930 up? What's? 794 00:43:20,930 --> 00:43:23,170 Going on, I don't know if there will be a sign the waiver for 795 00:43:23,170 --> 00:43:24,090 this, but. He said. 796 00:43:24,210 --> 00:43:28,250 Christine Lazard. I'm not a But I know what when I 797 00:43:28,250 --> 00:43:32,290 see one. Great sensory. 798 00:43:32,290 --> 00:43:34,250 Great sensory. Oh. 799 00:43:34,770 --> 00:43:37,490 Man, so many great things are happening and I like that. 800 00:43:37,490 --> 00:43:40,210 You know, yellow. Go ahead, patent that. 801 00:43:40,210 --> 00:43:44,210 Put it on a bumper sticker. Opti, August 2023. 802 00:43:44,210 --> 00:43:46,970 This has been the most bullish bear market in the history. 803 00:43:47,370 --> 00:43:49,450 Of Bitcoin. So go ahead, wear that with 804 00:43:49,450 --> 00:43:52,370 pride, baby. We're going up forever. 805 00:43:52,370 --> 00:43:55,530 Laura Saylor told you. All the developments are 806 00:43:55,530 --> 00:43:59,010 starting to come to a head. And also, all the developments 807 00:43:59,010 --> 00:44:02,410 in the clown world are starting to come to a head too, is 808 00:44:02,530 --> 00:44:06,130 they're going to meet some interesting opposition it 809 00:44:06,130 --> 00:44:09,010 appears in the coming months, but you know, Bitcoin is here to 810 00:44:09,010 --> 00:44:12,130 support everybody. And to make sure that whatever 811 00:44:12,130 --> 00:44:16,210 the state tries to do well, they can't take your money and we 812 00:44:16,210 --> 00:44:21,970 become ungovernable and we form a free market future, the 813 00:44:21,970 --> 00:44:26,930 freedom future, the liberty future that has been corrupted 814 00:44:26,930 --> 00:44:30,890 and stolen from us by Fiat. So let's go ahead and get get on 815 00:44:30,890 --> 00:44:34,370 the move, stay on the mission, keep sending those signals out 816 00:44:34,370 --> 00:44:36,570 there. Send all the Bitcoin content you 817 00:44:36,570 --> 00:44:38,970 can to the your friends, family and loved ones. 818 00:44:39,400 --> 00:44:42,400 Who knows what video it is. It's going to click like I know 819 00:44:42,400 --> 00:44:47,200 we were talking Opti like Robin Hood, right Early in my journey 820 00:44:47,200 --> 00:44:50,120 I'd like got some Sats on Robin Hood and then I was like, well 821 00:44:50,120 --> 00:44:52,080 shit, I can't move this stuff. What the hell is this? 822 00:44:52,080 --> 00:44:53,960 And then I learned, well that's not Bitcoin. 823 00:44:53,960 --> 00:44:57,440 So, you know then I had to go start going down that journey 824 00:44:57,440 --> 00:45:01,640 and know you know, so that that was eye opening for some and 825 00:45:01,640 --> 00:45:05,320 some people that may be the way they get their first Sats 826 00:45:05,320 --> 00:45:08,200 because the UX is so free. But we got to make sure that we 827 00:45:08,200 --> 00:45:11,480 have all the two tools. In place like if you guys watch 828 00:45:11,480 --> 00:45:15,200 our show me and Dell, we we promote the Bitcoin way and 829 00:45:15,200 --> 00:45:18,400 they're like an IT team in the in the Bitcoin industry. 830 00:45:18,400 --> 00:45:22,080 So if you need help with cold wallets, hardware wallets, 831 00:45:22,080 --> 00:45:26,320 nodes, no KYC purchases, it's a good place to go. 832 00:45:26,320 --> 00:45:30,920 And yeah, great to have them on board and as a partner to help 833 00:45:30,920 --> 00:45:34,160 so you can shoot your friends and family over there. 834 00:45:34,160 --> 00:45:36,240 If they're just starting their journey and they want to learn, 835 00:45:36,240 --> 00:45:38,760 you can get a 30 minute free consultation. 836 00:45:39,170 --> 00:45:42,850 With a V for BTC over there, so that is great. 837 00:45:43,290 --> 00:45:45,970 And I think I saw a chart. Another thing you were talking 838 00:45:45,970 --> 00:45:48,890 about off the is the fact that during this bear market there's 839 00:45:48,890 --> 00:45:52,490 been like the amount of Bitcoin being moved into self custody 840 00:45:52,490 --> 00:45:55,010 and taken off the exchanges is wild. 841 00:45:55,010 --> 00:45:57,530 So what happens with that? And then you have the having 842 00:45:57,530 --> 00:45:59,570 right. So they become smaller and 843 00:45:59,570 --> 00:46:03,770 smaller cell pressure on the market and this is the first 844 00:46:03,770 --> 00:46:06,370 time that there has been like a negative cell pressure. 845 00:46:06,850 --> 00:46:08,810 Into the market. So you have a truly negative 846 00:46:08,810 --> 00:46:13,010 deflationary play coming in here and that's when you mix in the 847 00:46:13,010 --> 00:46:18,530 mining kind of economics with the Bitcoin supply issuance 848 00:46:18,690 --> 00:46:21,410 economics. So very interesting and very 849 00:46:21,410 --> 00:46:25,210 bullish and a lot of people you know are doubting what's going 850 00:46:25,210 --> 00:46:27,410 to happen with minors with this upcoming having. 851 00:46:27,730 --> 00:46:30,090 But there were a lot of signs that shows you know they're 852 00:46:30,090 --> 00:46:33,650 going to do just fine. We had Who was that right or 853 00:46:33,650 --> 00:46:36,800 marathon on the other day? And they were talking about, you 854 00:46:36,800 --> 00:46:39,480 know, you want to have a lot of cash on hand and things like 855 00:46:39,480 --> 00:46:41,760 that during during the bear coming into it. 856 00:46:41,960 --> 00:46:45,400 But also the people that have been building like Mad Men in 857 00:46:45,400 --> 00:46:47,920 the mining industry. I mean if you want to know a 858 00:46:47,920 --> 00:46:51,520 leading indicator or a massive bullish divergence, you just 859 00:46:51,520 --> 00:46:55,000 look at the hash rate and you tell me if you should be bullish 860 00:46:55,000 --> 00:46:57,280 on Bitcoin or not. I think that is a that is the 861 00:46:57,280 --> 00:47:00,880 golden ticket, you know, telling us where Bitcoin is headed 862 00:47:00,880 --> 00:47:03,680 because its value is becoming exponentially. 863 00:47:05,680 --> 00:47:09,000 Its value is exponentially increasing with the hash rate. 864 00:47:09,440 --> 00:47:10,880 All right, so I saw another thing. 865 00:47:11,680 --> 00:47:15,160 There was a Amazon Quantum computer mock up, right? 866 00:47:15,600 --> 00:47:18,320 And they said it would take 10 million of those quantum 867 00:47:18,320 --> 00:47:21,960 computers just to make a single double spend in the Bitcoin 868 00:47:21,960 --> 00:47:23,720 network. So that lets you know Bitcoin is 869 00:47:23,720 --> 00:47:26,680 the quantum computer, it is the strongest computing network on 870 00:47:26,680 --> 00:47:30,800 the planet and its value is much higher than where it is today. 871 00:47:30,800 --> 00:47:33,400 So just keep stacking. We know where things are headed, 872 00:47:33,400 --> 00:47:35,370 right? Hold on. 873 00:47:37,330 --> 00:47:42,690 All right guys, before we get into the memes like that, what's 874 00:47:42,690 --> 00:47:44,010 it called? Smash that like button? 875 00:47:44,490 --> 00:47:47,810 We we we usually break the 100. Let's see if we can get an all 876 00:47:47,810 --> 00:47:50,650 time high here and break that 200 mark for the first time ever 877 00:47:50,650 --> 00:47:53,250 on simply Bitcoin. You don't get this content 878 00:47:53,250 --> 00:47:55,290 anywhere else. But anyways, let's get into the 879 00:47:55,290 --> 00:47:57,490 memes because this is your favorite portion of the show. 880 00:48:00,250 --> 00:48:04,440 The Daily Meme Review. Brought to you by Kaboom Racks. 881 00:48:04,440 --> 00:48:05,920 I get this question all the time. 882 00:48:05,920 --> 00:48:08,200 Nico, where should I buy Bitcoin miners? 883 00:48:08,200 --> 00:48:11,320 The answer is Kaboom Racks. It's the best place to buy 884 00:48:11,320 --> 00:48:13,000 Bitcoin miners. That's where you're going to 885 00:48:13,000 --> 00:48:15,200 find the best deals and the best prices. 886 00:48:15,320 --> 00:48:18,880 Start your mining utopia today. To check out their racks, you 887 00:48:18,880 --> 00:48:21,840 got to go to T dot me slash kaboom racks. 888 00:48:21,840 --> 00:48:25,480 Join their Telegram group and start your mining journey today. 889 00:48:25,480 --> 00:48:28,660 Kaboom racks. Let's go guys. 890 00:48:28,660 --> 00:48:32,020 All right, so this is the mean review where you guys tag me in 891 00:48:32,020 --> 00:48:35,900 memes on Twitter at simply Bitcoin TV or you can tag me on 892 00:48:35,900 --> 00:48:39,820 my personal account optimist field and we will review your 893 00:48:39,820 --> 00:48:41,300 memes. They don't have to be your 894 00:48:41,300 --> 00:48:43,500 memes. If you see your favorite memes 895 00:48:43,500 --> 00:48:46,300 memes and you think it should come on the show, tag us on it 896 00:48:46,340 --> 00:48:48,540 and we will add it to the show notes. 897 00:48:48,540 --> 00:48:52,520 And then of course you can join us on T dot me slash simply 898 00:48:52,520 --> 00:48:54,680 Bitcoin in our telegram group and drop them in there. 899 00:48:54,960 --> 00:48:58,760 Our telegram group is super lively now and it's all kinds of 900 00:48:58,760 --> 00:49:01,520 conversation in there. If you want some more hands on 901 00:49:01,520 --> 00:49:04,560 conversation, some more intricate details, some more you 902 00:49:04,560 --> 00:49:07,040 know just hanging out with some bitcoiners, get into our 903 00:49:07,040 --> 00:49:08,840 telegram T dot me slash simply Bitcoin. 904 00:49:08,840 --> 00:49:11,720 Anyways, memes are powerful guys. 905 00:49:11,720 --> 00:49:13,920 As you can tell, we are in an information war. 906 00:49:13,920 --> 00:49:18,200 And as as you guys know, man, there is way too much shit coin 907 00:49:18,200 --> 00:49:21,680 content on YouTube. And This is why we do our show 908 00:49:21,680 --> 00:49:25,200 the way we do, so that we can compete, so that we can make 909 00:49:25,200 --> 00:49:27,680 sure that people don't get lost in the sauce. 910 00:49:27,680 --> 00:49:29,480 Tweets are the bullets, memes are the artillery. 911 00:49:29,480 --> 00:49:34,520 We are in an information war and the world still hasn't found out 912 00:49:34,520 --> 00:49:36,600 that Bitcoin is the solution to its problems. 913 00:49:36,720 --> 00:49:38,240 Anyways, let's get into the memes guys. 914 00:49:38,240 --> 00:49:41,320 This 1st meme is by my boy, the BTC therapist. 915 00:49:41,480 --> 00:49:45,440 And he goes how long will you huddle hashtag BTC? 916 00:49:45,720 --> 00:49:49,120 And we got a stadium here and it just goes Bitcoin at the top and 917 00:49:49,120 --> 00:49:51,800 we got a stadium here of the single loan bitcoiner. 918 00:49:51,800 --> 00:49:55,560 This was you guys, all of this bear market you were stacking, 919 00:49:55,680 --> 00:49:58,560 people were calling you stupid. I'm sure you got dumped by your 920 00:49:58,560 --> 00:50:00,080 girlfriend because you were poorer. 921 00:50:00,240 --> 00:50:03,680 All that good stuff. We were the lone person in the 922 00:50:03,800 --> 00:50:07,840 stands AT25K stacking, and once we get to $1 million, we're 923 00:50:07,840 --> 00:50:10,880 going to fill up the arena because everyone and their 924 00:50:10,880 --> 00:50:14,480 mother and grandmother is about to hold on to some Bitcoin. 925 00:50:14,680 --> 00:50:16,800 And as you can tell, the floodgates are coming. 926 00:50:16,800 --> 00:50:19,640 Guys, I hope you stacked. I hope you prepared. 927 00:50:19,640 --> 00:50:22,160 I hope you're playing Hungry Hippo out there, because the 928 00:50:22,200 --> 00:50:25,400 only number that matters is the SAT under your control. 929 00:50:25,560 --> 00:50:28,720 OK, this next one shouts it to my boycott and Wolf on Twitter. 930 00:50:28,720 --> 00:50:32,920 This might get a little spicy, but I but I absolutely love this 931 00:50:32,920 --> 00:50:34,680 one. We got the classic meme here of 932 00:50:34,680 --> 00:50:38,230 the guy like trade offer and he's the federal government. 933 00:50:38,230 --> 00:50:40,910 And it goes. I receive 1/3 of your paycheck. 934 00:50:41,070 --> 00:50:43,430 You received roads. Just kidding. 935 00:50:43,430 --> 00:50:44,670 Laughing my ass off. Nothing. 936 00:50:44,670 --> 00:50:45,590 Fuck you. I hate you. 937 00:50:45,790 --> 00:50:49,390 The state hates you. OK, I had to drop that one in. 938 00:50:49,390 --> 00:50:51,110 Sorry, guys. All right, the next one is by 939 00:50:51,110 --> 00:50:53,870 ropeium and he goes, if you don't believe me or don't get 940 00:50:53,870 --> 00:50:55,670 it, I don't have time to try to convince you. 941 00:50:55,670 --> 00:50:57,590 Sorry. Classic Satoshi quote. 942 00:50:57,950 --> 00:51:00,230 And we got the crying whoa Jack over here. 943 00:51:00,230 --> 00:51:04,030 The pink crying whoa Jack. And we got Bitcoin in his 944 00:51:04,030 --> 00:51:08,550 computer. And yeah, just don't, don't read 945 00:51:08,550 --> 00:51:11,110 the keyboard here, guys. And it goes, yeah, I don't get 946 00:51:11,110 --> 00:51:12,310 it. Is it political? 947 00:51:12,310 --> 00:51:14,230 Is Bitcoin political? What's the message in this? 948 00:51:14,390 --> 00:51:17,590 What is Bitcoin? Why don't I get Bitcoin? 949 00:51:18,550 --> 00:51:20,470 Put in some more stack, some Sats. 950 00:51:20,910 --> 00:51:22,590 Bitcoin changes you. You don't change Bitcoin. 951 00:51:22,590 --> 00:51:24,070 Time in the market beats time in the market. 952 00:51:24,150 --> 00:51:27,390 All the good memes stay humble. Stacks at stay. 953 00:51:27,390 --> 00:51:30,990 How solvent This is the way. OK and this next one is by VJ 954 00:51:30,990 --> 00:51:33,630 Boyapati, aka Rio under score VJ. 955 00:51:33,630 --> 00:51:35,310 And it goes. It's just a matter of time. 956 00:51:35,630 --> 00:51:39,710 And we got a chart here and we got the X access. 957 00:51:39,710 --> 00:51:43,710 Wait, which one's X is X sideways time Y access is trust. 958 00:51:43,990 --> 00:51:47,390 And you can see gold over here with a lot of time and a lot of 959 00:51:47,390 --> 00:51:49,950 trust. And it's only a matter of time 960 00:51:50,190 --> 00:51:54,150 until Bitcoin catches up. Until Bitcoin gains that trust. 961 00:51:54,270 --> 00:51:57,350 It's the only thing gold has on us is that that thousand year 962 00:51:57,350 --> 00:52:02,030 time span bitcoins only what, 14 years old And the longer the 963 00:52:02,030 --> 00:52:05,270 network stays up the longer tick tock next block starts to 964 00:52:05,470 --> 00:52:08,680 continues to happen. Sorry, Bitcoin will become 965 00:52:08,680 --> 00:52:13,080 ubiquitous with the modern world with strong hard cap money. 966 00:52:13,080 --> 00:52:15,480 Time is your friend. Time is your friend. 967 00:52:15,640 --> 00:52:18,240 And it looks like we have a little time before things start 968 00:52:18,240 --> 00:52:20,040 to get frothy. So I hope you're stacking out 969 00:52:20,040 --> 00:52:20,680 there. All right. 970 00:52:20,680 --> 00:52:24,360 This next meme is by Woe Jack Bitcoin and I was going to post 971 00:52:24,360 --> 00:52:27,320 your version Woe Jack. But I really like Steven Love 972 00:52:27,320 --> 00:52:31,520 because just little little quip on top of it, because that's the 973 00:52:31,520 --> 00:52:33,400 theme of the show. You know, Bitcoin really changes 974 00:52:33,400 --> 00:52:35,110 you. It doesn't just change you on an 975 00:52:35,110 --> 00:52:37,670 individual level. It doesn't just change people on 976 00:52:37,670 --> 00:52:40,270 the corporate level. It doesn't just change people on 977 00:52:40,270 --> 00:52:43,390 the nation state level. It is changing institutions in 978 00:52:43,390 --> 00:52:46,910 real time. And Steven Lebka, I forgot I 979 00:52:46,910 --> 00:52:50,390 forget what your Twitter is. Dazzambala huddle goes, Bitcoin 980 00:52:50,390 --> 00:52:54,400 really changes you. And we got the crying woe Jack 981 00:52:54,480 --> 00:52:57,680 with his, you know, mask on. He's looks really smart. 982 00:52:57,680 --> 00:53:01,000 You think you're super smart And it goes my opinion on money five 983 00:53:01,000 --> 00:53:03,160 years ago. We need to increase the minimum 984 00:53:03,160 --> 00:53:06,680 wage and tax the rich. We need to make wealth wait, we 985 00:53:06,680 --> 00:53:10,120 need to make wealth is we need to make sure wealth is 986 00:53:10,120 --> 00:53:13,720 distributed equally. And then my opinion on money now 987 00:53:13,720 --> 00:53:16,400 and this low key kind of the bell curve meme. 988 00:53:16,800 --> 00:53:20,720 We got the woe Jack with laser eyes in the hooded robe and it 989 00:53:20,720 --> 00:53:23,600 goes my opinion on money now. Money is how a transpersonal 990 00:53:23,600 --> 00:53:25,800 economic system transmits information. 991 00:53:26,000 --> 00:53:28,920 It is an accelerant of both virtual and debauchery. 992 00:53:29,040 --> 00:53:32,480 It coordinates a collective econom economic hive mine and 993 00:53:32,480 --> 00:53:34,640 cannot be controlled or coordinated. 994 00:53:34,640 --> 00:53:39,020 Money is transcended. Bars Okay. 995 00:53:39,020 --> 00:53:42,820 This next one shouts it to my boy HCAKA at Huddle Tarantula on 996 00:53:42,820 --> 00:53:46,580 Twitter and we got this cool a I dub with the Bitcoin logo here 997 00:53:46,580 --> 00:53:48,420 and he goes. I found my forever job and 998 00:53:48,420 --> 00:53:50,980 because I love what I do, I won't work a day in my life. 999 00:53:51,220 --> 00:53:53,900 Do what you're passionate about, be yourself and the doors that 1000 00:53:53,900 --> 00:53:57,300 open will be manifold. Couldn't agree more. 1001 00:53:57,660 --> 00:53:59,460 This is what we're doing here at Simply Bitcoin. 1002 00:53:59,980 --> 00:54:02,580 Not only that. And also did not make the 1003 00:54:02,580 --> 00:54:07,420 mistake of arm wrestling. Huddle to That doesn't end well. 1004 00:54:07,540 --> 00:54:11,340 But man, it's about you guys finding what you're good at, 1005 00:54:12,270 --> 00:54:15,710 putting your skills towards a better life and saving in the 1006 00:54:15,710 --> 00:54:19,190 best money possible so you can get yourself out of the rat 1007 00:54:19,190 --> 00:54:21,110 race. This is the most important thing 1008 00:54:21,110 --> 00:54:23,070 to be doing. The the amount of human capital 1009 00:54:23,070 --> 00:54:25,310 that's going to get unlocked in this next bull run is is going 1010 00:54:25,310 --> 00:54:27,470 to be absolutely marvelous for planet Earth. 1011 00:54:27,670 --> 00:54:31,590 For you as an individual and and for the productivity of human, 1012 00:54:31,630 --> 00:54:34,550 of humans, of humanity. This is where we're headed guys. 1013 00:54:34,790 --> 00:54:37,670 Okay as you can tell. I'm I think I'm feeling it. 1014 00:54:37,750 --> 00:54:39,350 I I think I'm feeling the vibes resting. 1015 00:54:39,350 --> 00:54:40,870 All right. This next one is Maxi's club, 1016 00:54:41,310 --> 00:54:45,030 and we got a Fiat Maxie, an alligator troll here. 1017 00:54:45,030 --> 00:54:47,070 And he goes, Government's banning Bitcoin. 1018 00:54:47,390 --> 00:54:51,110 And it's a play on the classic kool-aid man meme here. 1019 00:54:51,110 --> 00:54:53,030 But we have Bitcoin in an astronaut suit. 1020 00:54:53,030 --> 00:54:56,230 Just breaking down the door. This is the way guys, we are 1021 00:54:56,230 --> 00:54:57,550 going. Wait, hold on. 1022 00:54:57,550 --> 00:54:59,110 I got it for you guys. One second. 1023 00:54:59,110 --> 00:55:01,310 Target ship. Get on board. 1024 00:55:03,030 --> 00:55:06,350 What's the second pass? There is no second pass. 1025 00:55:06,350 --> 00:55:08,510 All right, all right, all right. That wasn't a meme. 1026 00:55:08,510 --> 00:55:10,870 That was an essay. All right, guys, drop your meme 1027 00:55:10,870 --> 00:55:15,120 if you score in the chat live. And we will cover them live and 1028 00:55:15,120 --> 00:55:16,840 we'll bring them up on the show. All right. 1029 00:55:16,840 --> 00:55:21,200 My, my meme review score is you know, shameless shameless plug 1030 00:55:21,200 --> 00:55:24,080 to my boys over at Mutiny. You guys saw me wearing the 1031 00:55:24,080 --> 00:55:26,160 shirt. But the mutiny shirt. 1032 00:55:26,400 --> 00:55:29,960 Marlboro Man Mutiny shirt. I I think this has become my 1033 00:55:29,960 --> 00:55:32,040 favorite shirt shuts out to the car, man. 1034 00:55:32,040 --> 00:55:33,680 And Tony and the whole team over there. 1035 00:55:34,400 --> 00:55:37,040 They're absolutely killing it. I shill at any chance. 1036 00:55:37,040 --> 00:55:39,680 Again, I I I endorse my friends making cool stuff. 1037 00:55:39,840 --> 00:55:41,440 All right, Rustin, what's your meme review score? 1038 00:55:41,930 --> 00:55:45,650 All right, so I got our little lanyard from Bit Block Boom 1039 00:55:45,650 --> 00:55:48,570 where I popped my bit Block Boom cherry. 1040 00:55:48,570 --> 00:55:50,130 It was incredible. We hung out a lot. 1041 00:55:50,130 --> 00:55:54,930 It was great. So yeah, Oh man, I'm getting 1042 00:55:54,930 --> 00:55:57,690 trolled so hard in the chat. All right, guys, let me see. 1043 00:55:57,690 --> 00:56:00,170 Is there some meme review scores in the chat? 1044 00:56:00,570 --> 00:56:03,530 All right, wait, actually, before we do that, I told you 1045 00:56:03,530 --> 00:56:07,730 guys yesterday, our store at Simply Bitcoin Calm. 1046 00:56:07,730 --> 00:56:10,250 We are having a few issues right now accepting Bitcoin. 1047 00:56:10,410 --> 00:56:14,490 We are working the kinks out. We should get that back to you 1048 00:56:14,490 --> 00:56:16,530 guys live by the end of the week. 1049 00:56:16,530 --> 00:56:19,650 We got a meeting to try to figure it out and and of course 1050 00:56:19,650 --> 00:56:21,530 Nico will be back at the end of the week as well. 1051 00:56:21,530 --> 00:56:25,330 So let's, uh, you know, just bear with us guys. 1052 00:56:25,330 --> 00:56:26,770 We love you. We appreciate it. 1053 00:56:26,970 --> 00:56:28,690 See. Yellow basically gave them all 1054 00:56:28,690 --> 00:56:32,250 at 10 out of 10. OK, all right, first one, Bammer 1055 00:56:32,250 --> 00:56:33,530 Ski shouts. Out to you, bro. 1056 00:56:33,530 --> 00:56:36,570 I'm still playing the intro song in the spaces every single day. 1057 00:56:36,570 --> 00:56:38,490 And he goes meme score SEC tears. 1058 00:56:38,730 --> 00:56:41,610 Let's go. We got a Bitcoin for Canadians. 1059 00:56:41,690 --> 00:56:44,770 I give Meme a perfectly made sandwich for lunch. 1060 00:56:45,170 --> 00:56:47,170 Uh, sounds so good. I'm on a fast right now, but it 1061 00:56:47,170 --> 00:56:50,210 sounds delicious. OK, Elaine, score Bitcoiners. 1062 00:56:50,210 --> 00:56:52,890 Remember stacking at over $50,000? 1063 00:56:52,890 --> 00:56:54,690 I do. Happy days ahead. 1064 00:56:54,690 --> 00:56:58,040 Let's go Yes, stack at all prices. 1065 00:56:58,720 --> 00:57:01,120 Always by the top. Yeah, Bitcoin pops are just 1066 00:57:01,120 --> 00:57:04,440 historical timestamps. Narwha Tacos score 200 plus 1067 00:57:04,440 --> 00:57:05,880 likes. Did we get it? 1068 00:57:06,960 --> 00:57:08,400 Oh, yes. We're over. 1069 00:57:09,560 --> 00:57:11,720 We're over. OK, Shouts out to all you guys 1070 00:57:12,720 --> 00:57:15,440 yellow. They all get a they all get a 1071 00:57:15,440 --> 00:57:18,640 pee if you know, You know. OK, Matthew J. 1072 00:57:19,240 --> 00:57:22,920 My me review score is a Bitcoin hat that I still don't have. 1073 00:57:23,280 --> 00:57:27,930 All right, Matt, bear with us. As you can tell we're still 1074 00:57:27,930 --> 00:57:30,970 having issues with our store. Once we get over this first 1075 00:57:30,970 --> 00:57:32,650 batch we're going to print out a new batch. 1076 00:57:32,650 --> 00:57:35,570 We are talking with Bitcoin artists so we can get you guys 1077 00:57:35,570 --> 00:57:37,770 some exclusive simply Bitcoin merch. 1078 00:57:37,930 --> 00:57:42,330 I will print the hats Just give me give me some time bro. 1079 00:57:42,370 --> 00:57:46,330 With there's there's only like 5 of us that are on this team full 1080 00:57:46,330 --> 00:57:47,010 time. All right. 1081 00:57:47,010 --> 00:57:48,930 Just just bear with us. OK? 1082 00:57:48,930 --> 00:57:52,530 This next meme is by Sat Wise Jenks And he goes, I give these 1083 00:57:52,530 --> 00:57:55,730 memes 1 Nobel Prize for economics for Bushy Nakamoto. 1084 00:57:55,730 --> 00:57:59,570 Yes, this is the way. OK, Hammer Saw goes. 1085 00:57:59,970 --> 00:58:03,010 I give these memes Girl Scout cookies. 1086 00:58:03,730 --> 00:58:07,770 Kim I I don't know if I can say that one but I like it. 1087 00:58:07,770 --> 00:58:11,410 Shouts out to you. Oh, random. 1088 00:58:11,410 --> 00:58:13,170 That was good. Score. 1089 00:58:13,250 --> 00:58:14,170 Feet. Stink. 1090 00:58:14,250 --> 00:58:16,400 Use. Hey, deodorizer. 1091 00:58:16,400 --> 00:58:21,000 Yes, Steve Ji. Give the memes 2900 dollars. 1092 00:58:21,000 --> 00:58:24,520 Yes, as you can tell, everyone's freaking out for a $2900 price 1093 00:58:24,520 --> 00:58:25,880 pump. This is the way. 1094 00:58:27,360 --> 00:58:29,480 All right, let's go. Last one. 1095 00:58:29,880 --> 00:58:33,560 And it's not the last one because I have no more scores. 1096 00:58:33,560 --> 00:58:36,600 It's the last one because of the buzzer. 1097 00:58:37,000 --> 00:58:40,640 All right, John Platt, My meme review. 91 criminal charges. 1098 00:58:41,600 --> 00:58:43,600 All right, man. I accidentally did that just 1099 00:58:43,600 --> 00:58:48,630 today. All right, man. 1100 00:58:48,670 --> 00:58:51,710 Thank you guys. All time high and live viewers 1101 00:58:51,710 --> 00:58:55,830 shouts out to you guys all time high and likes I guess. 1102 00:58:55,950 --> 00:58:58,390 I guess people like they hear ETF news. 1103 00:58:58,590 --> 00:59:00,670 All you guys out here, they're complaining about macro. 1104 00:59:01,070 --> 00:59:03,110 Yeah, look, apparently they like you. 1105 00:59:03,870 --> 00:59:06,230 Oh, man. All right, well, Rushton, really 1106 00:59:06,230 --> 00:59:09,350 appreciate it. You guys don't watch Rush on the 1107 00:59:09,470 --> 00:59:11,230 on the timeline, our YouTube timeline. 1108 00:59:11,230 --> 00:59:14,650 We are dropping original clips over there and we got a whole 1109 00:59:14,650 --> 00:59:18,810 bunch in store for you guys. But of course, come join us on 1110 00:59:18,890 --> 00:59:21,530 Twitter spaces. We are live currently until 2:00 1111 00:59:21,530 --> 00:59:24,050 PM Eastern Time. Continue the conversation. 1112 00:59:24,330 --> 00:59:27,410 Let's get hyped in there guys. Let's let's keep doubling down. 1113 00:59:27,410 --> 00:59:29,770 And of course, you know, like share, subscribe if you think 1114 00:59:29,770 --> 00:59:33,210 we're adding value to your life. But come back tomorrow. 1115 00:59:33,210 --> 00:59:35,290 We have all kinds of content for you guys. 1116 00:59:35,490 --> 00:59:39,650 Make sure you're not sleeping on our YouTube timeline. 1117 00:59:39,690 --> 00:59:41,490 Anyways, guys, peace out. I love you. 1118 00:59:41,770 --> 00:59:42,890 Till then, I'll see you tomorrow. 1119 00:59:47,770 --> 00:59:56,560 One second, guys, One second. Let me make sure this stream is 1120 00:59:56,600 --> 00:59:59,840 over. But of course we're back in 1121 00:59:59,840 --> 01:00:02,880 Simply Bitcoin Twitter spaces. We are live. 1122 01:00:02,880 --> 01:00:05,440 This is a Bitcoin space by bitcoins. 4 bitcoins. 1123 01:00:05,440 --> 01:00:07,840 So come up here, Add your two sets to the conversation. 1124 01:00:08,040 --> 01:00:11,360 As you can tell, we got we got stupidly bullish on today's 1125 01:00:11,360 --> 01:00:13,520 show. Sorry, not sorry.