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It's all going to zero against 
Bitcoin. 

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It's going up forever. 
You're against Bitcoin. 

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You're against freedom, yo. 
Welcome to another episode of 

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Simply Bitcoin Live and I'm 
source for the peaceful Bitcoin 

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revolution cover. 
Can use Culture. 

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Romantic Warfare will be your 
guide through the separation of 

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money and state. 
Ladies and gentlemen, I'm 

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streaming live from Montreal, 
Canada. 

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We're a couple days out from the
Canadian Bitcoin Conference, 

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which are going to be live 
streaming from you for you guys.

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So many incredible bitcoiners 
going to be giving panels, 

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giving speeches. 
We're going to have the news 

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desk as well. 
So you guys know the deal when 

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we're on the go. 
We still like to keep the show 

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live for you guys, keep you guys
entertained filling in for Opti 

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today while he's travelling with
this Alamo in the house. 

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How you doing, Chris? 
I think this is the first show 

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that we've done, me and you 
together. 

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So man, thanks for joining us. 
Yeah, no problem, man. 

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Happy to be here. 
Yeah, and I think this is the 

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first one with you, me and 
without Opti. 

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So you know all Hell's gonna 
break loose. 

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For sure, For sure, guys, we 
have a lot to talk about today, 

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it seems like. 
It seems like and it's crazy 

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'cause when I was making the 
title for this episode, the 

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price still didn't pump yet. 
But there was news coming out 

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that essentially we're seeing a 
record $133 million worth of 

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inflows into arcs Bitcoin ETF. 
This is the highest ever since 

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March, so it seems like things 
are starting to pick up again. 

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And I remember when I was 
crafting this tweet, it was, I 

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mean crafting this, this title, 
it was like 9:00 AM, like very, 

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very early morning. 
And you know, Fast forward a 

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couple, a couple hours later, we
pumped all the way to $65,000. 

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So could we be back? 
Did we have a little blip and 

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things are just going to start 
heating up again? 

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Well, maybe, maybe, perhaps. 
So it seems like the ETF flows 

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again have turned green, which I
think is obviously a good thing.

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This includes the Arkan vest. 
This includes the Black Rock ETF

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as well. 
However, what I will say is that

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they are not nearly as high as 
were they were in the beginning 

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of the year when they initially 
launched. 

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So I still think we have so 
much, you know, bullish news, so

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much, so much upside left. 
And that's just because of what 

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has happened really in the last 
month or two. 

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We found out, like I was saying 
on yesterday's episode, that the

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state of Wisconsin bought $100 
million worth of the BlackRock 

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Spot Bitcoin ETF. 
And then we also found out that 

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Wells Fargo, the second largest,
sorry, Wells Fargo, the third 

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largest bank in the United 
States, this French bank called 

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Paribas, the second largest bank
in Europe, all bought exposure 

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to the BlackRock Spot Bitcoin 
ETF. 

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So they're buying indirect 
exposure to Bitcoin and I think 

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the the floodgates are going to 
completely open as more and more

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people realize that the Bitcoin 
strategy is a superior strategy 

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and that they're at a 
competitive disadvantage to 

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anyone else that has adopted 
some type of Bitcoin strategy, 

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some type of Bitcoin exposure. 
Anyone who doesn't do that is 

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going to be at a competitive 
disadvantage. 

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So we're going to cover all of 
that today and then also 

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breaking news as well on the 
nation state level. 

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This is insane. 
By the way back in, you know 

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2021 when we we hit that peak of
what it what was it like 69 K or

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something or 68 K none of these 
things were true. 

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So the Wells Fargo thing wasn't 
true. 

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The the Wisconsin State 
Investment fund, what that 

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investment was not that didn't 
happen yet but also in the 

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nation state level, you have 
multiple countries including 

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Argentina, the Kingdom of Bhutan
and the recently announced how 

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much, how much El Salvador has 
been mining over the last couple

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years that was announced I think
it was yesterday. 

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We're going to talk about that 
today. 

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So you're seeing nation state, 
not only nation state Bitcoin 

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adoption making El Salvador 
making Bitcoin legal tender, but

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you have multiple nation states 
around the world mining Bitcoin 

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directly, right? 
Are using companies to mine 

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Bitcoin for them, which I find 
absolutely fascinating, but at 

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the same time not surprising 
because if you understand 

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bitcoins, incentives, none of 
this should come as a surprise 

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to you, All right? 
Also no more delay. 

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We have a very special guest 
which I saw in at in Texas at 

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bit block boom, we have bit 
Betro in the house bro. 

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How you doing dude? 
I'm excited to talk to you about

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all these all these countries 
you know trying to mine Bitcoin,

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some are using you know X, some 
are using natural gas, some are 

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using hydro. 
In the case of El Salvador, I 

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know they're trying to use the 
geothermal energy energy from 

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volcanoes. 
So I'm excited to talk to you 

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about that as well. 
And then also I wanted, I'm 

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excited to talk about all the 
projects that you're working on 

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right. 
So for anyone who doesn't know, 

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bit betro like he, he turns gas 
into Bitcoin. 

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He helps companies do that. 
You know, he's your man on the 

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ground with all that expertise 
in the oil and gas industry. 

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And he can help you if you want 
to get in Bitcoin. 

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So bit, bit, Petro, Thank you 
for joining us on the show 

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today, man. 
How you doing? 

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Doing good man. 
Appreciate you for having me and

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giving me the space to talk 
about my work on both the oil 

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and gas front and the Bitcoin 
front. 

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So quick question before we jump
into the show. 

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Do do you see more interest? 
So you know we're we're we 

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obviously we have to see what 
the headlines are saying and 

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then that's where we get our 
information from. 

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But could you give us a little 
bit of like, you know, some 

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inside baseball, so to speak, 
without naming any names? 

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Do you see more interest from 
the oil and gas industry, it's 

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specifically as it relates to 
Bitcoin. 

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Post ETF? 
Absolutely. 

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I mean it's a different world is
it is it Larry Fink saying 

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something and then you know that
is interpreted as legacy signal.

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So it it's if it's good for 
Larry, it's good for us Maybe it

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it's probably more likely that 
that you know it's 

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financializing and and they are,
they're taking that on as a 

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signal of something that is, is 
a real reason to be interested. 

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Now an oil and gas company in 
reality is going to listen to 

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this because we're talking about
a producer, right. 

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The guy that's making the oil 
and the gas, the guy that owns 

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the well, he's not getting paid 
what the market rate that you 

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see. 
So if today the market is you 

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know $2.30 or whatever, then 
then yeah, he's not going to get

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that. 
He's going to get some deduction

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off of that. 
Bitcoin mining allows him to 

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realize 100% of that in the 
state of Texas. 

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There's a tax severance benefit 
to this and the the price is 

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somewhere between let's say 5 
all the way up to as much as $15

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in MCF versus a a a top end of 
$2.30 minus deductions. 

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Yeah, yeah man. 
Well dude, I'm, I'm excited to 

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dive more into that, get into 
the details of that and you can 

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explain it to everybody. 
But look, from just a common 

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sense perspective from my, you 
know, 'cause I don't have that 

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experience that you do bit 
Bethroat what what I will say is

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that I think energy and Bitcoin 
are a match made in heaven. 

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I think, you know, one goes with
the other, right? 

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So I think it's inevitable that 
you're going to see oil and gas 

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companies and countries 
initially go down this rabbit 

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hole of, you know, finding out 
how to use Bitcoin to benefit 

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themselves and in the process 
securing the network, right. 

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And that's the beauty of an 
aligned incentive structure like

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Bitcoin, aligned incentive 
structure system like Bitcoin. 

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Anyways, before we get to the 
numbers, I do want to give a 

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00:08:30,480 --> 00:08:32,880
very special shout out to the 
Bitcoin company that powers the 

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00:08:32,880 --> 00:08:34,440
show. 
And of course, I'm talking about

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Bitcoin. 
Well, Bitcoin well is the best 

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00:08:36,000 --> 00:08:40,039
place to build your automatic 
self custody Bitcoin stack. 

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00:08:40,480 --> 00:08:44,480
It's a self custody by default 
platform, which means that you 

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00:08:44,480 --> 00:08:47,680
have to take self custody if 
you're going to buy Bitcoin on 

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00:08:47,680 --> 00:08:49,720
Bitcoin. 
Well, which perfectly aligns 

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with the simply Bitcoin ethos of
the separation of money in 

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state. 
Future proof your money today? 

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Visit bitcoinwell.com/simply to 
get started. 

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00:09:00,120 --> 00:09:02,120
The website's incredibly easy to
use. 

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00:09:02,360 --> 00:09:04,720
All you gotta go. 
Like I said, you gotta go to 

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00:09:04,720 --> 00:09:07,720
bitcoinwell.com, buy real 
Bitcoin, putting your e-mail 

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00:09:07,720 --> 00:09:11,320
address to get started. 
It's a transparent industry 

155
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standard, 1% spread. 
Obviously it's Bitcoin only and 

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00:09:15,320 --> 00:09:20,600
it's a non custodial platform. 
As the fight for self custody 

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00:09:20,600 --> 00:09:24,720
continues to ramp up, using non 
custodial platforms is 

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00:09:24,720 --> 00:09:28,080
incredibly important, especially
if you care about the separation

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00:09:28,080 --> 00:09:30,720
of money in state. 
Because again, like I said, self

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custody is the revolution. 
Check out bitcoinwell.com/simply

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00:09:35,160 --> 00:09:36,840
today. 
All right, everybody, let's hit 

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00:09:36,840 --> 00:09:40,600
the numbers. 
The Bitcoin numbers. 

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Is your Bitcoin in cold storage 
really secure? 

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Is your seed phrase really 
secure? 

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00:09:46,640 --> 00:09:48,240
Stamp seeds? 
Do it yourself. 

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00:09:48,240 --> 00:09:51,960
Kit has everything you need to 
hammer your seed words into 

167
00:09:51,960 --> 00:09:56,200
commercial grade titanium plates
instead of just writing them on 

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00:09:56,200 --> 00:09:59,040
paper. 
Don't store your generational 

169
00:09:59,040 --> 00:10:02,280
wealth on paper. 
Papers prone to water damage, 

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00:10:02,280 --> 00:10:04,280
fire damage. 
You want to put your 

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00:10:04,280 --> 00:10:07,360
generational wealth on one of 
the strongest metals on planet 

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earth, Titanium. 
Your words are actually stamped 

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00:10:10,200 --> 00:10:13,760
into this metal plate with this 
hammer and these letter stamps. 

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00:10:13,800 --> 00:10:16,360
And once your words are in, they
aren't going anywhere. 

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00:10:16,400 --> 00:10:20,040
No risk of the plate breaking 
apart and pieces falling 

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00:10:20,040 --> 00:10:22,480
everywhere. 
Titanium stamp seeds will 

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00:10:22,480 --> 00:10:25,440
survive nearly triple the heat 
produced by a house fire. 

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00:10:25,440 --> 00:10:28,600
They're also crush proof, 
waterproof, non corrosive, and 

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00:10:28,600 --> 00:10:30,760
time proof. 
All things that paper is not 

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00:10:30,760 --> 00:10:33,320
allowing you to huddle your 
Bitcoin with Peace of Mind. 

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00:10:33,480 --> 00:10:37,440
For the long haul. 
Stamp your seed on stamp seed 

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00:10:37,880 --> 00:10:40,320
everybody. 
I I made it easy for you guys. 

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00:10:40,320 --> 00:10:44,360
Like always, you can scan the QR
code or check the link in the 

184
00:10:44,360 --> 00:10:46,560
video description. 
So you can go to directly to 

185
00:10:46,560 --> 00:10:49,880
stamp seed and you can get 
yourself a titanium stamp seed 

186
00:10:49,880 --> 00:10:53,080
storage kit so you don't have to
explain to your grandchildren 

187
00:10:53,080 --> 00:10:56,560
decades from now why you lost 
your Bitcoin because you decided

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00:10:56,560 --> 00:11:00,040
for whatever reason to write 
down your seed words on paper. 

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00:11:00,040 --> 00:11:01,920
Don't do that. 
Don't put yourself in that 

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00:11:01,920 --> 00:11:03,840
position. 
And if you do put yourself in 

191
00:11:03,840 --> 00:11:05,600
that position, you can't say I 
didn't warn you. 

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00:11:06,080 --> 00:11:09,280
Get yourself a stamp seed. 
See stamp seed seed phrase 

193
00:11:09,280 --> 00:11:12,080
Storage kit This is generational
wealth after all. 

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00:11:12,160 --> 00:11:16,720
Promo code simply get 15% off 
anything on the website at the 

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00:11:16,720 --> 00:11:20,000
time of recording. 
The Bitcoin price is 64,900 

196
00:11:20,320 --> 00:11:29,480
block height, 843,585 SATS per 
dollar, 1541 Market cap 1.28 

197
00:11:29,480 --> 00:11:34,360
trillion Bitcoin price in gold 
27.4 oz Bitcoin versus gold 

198
00:11:34,360 --> 00:11:40,360
market cap 7.85% Percentage 
issued 93.8% Declined from all 

199
00:11:40,360 --> 00:11:46,560
time high 12.1% Forward Monetary
inflation .85% Realized monetary

200
00:11:46,560 --> 00:11:52,200
inflation 1.67% In the grand 
scheme of things, Bitcoin is 

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00:11:52,200 --> 00:11:56,160
just getting started. 
All right everybody, I do want 

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00:11:56,280 --> 00:12:00,840
to cover like this this trend 
that is happening worldwide. 

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00:12:00,840 --> 00:12:03,600
It's incredibly, absolutely 
bullish. 

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00:12:03,600 --> 00:12:06,360
Also shout out to fellow 
bitcoiner Javier Bastardo. 

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00:12:07,320 --> 00:12:09,520
Anyways, the headline articles 
comes from Forbes. 

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00:12:09,520 --> 00:12:13,400
It says Argentina will mine 
Bitcoin with stranded gas thanks

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00:12:13,400 --> 00:12:17,320
to GDAA little bit of context 
before I move on, Bitcoin mining

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00:12:17,320 --> 00:12:18,960
operations are expanding around 
the world. 

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00:12:18,960 --> 00:12:21,680
Despite being one of the most 
competitive industries, hash 

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00:12:21,680 --> 00:12:25,640
rate keeps growing and so do the
global operations to execute 

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00:12:25,640 --> 00:12:27,720
this important activity for the 
Bitcoin network. 

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00:12:28,040 --> 00:12:31,440
Genesis Digital Assets Limited, 
one of the largest Bitcoin 

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00:12:31,440 --> 00:12:34,160
mining companies in the world, 
is part of this announcement. 

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00:12:34,160 --> 00:12:39,600
GDA announced an important 
agreement with the YPF Loose, a 

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00:12:39,600 --> 00:12:41,800
subsidiary of the largest 
electricity company from 

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00:12:41,800 --> 00:12:45,720
Argentina, YPF, to open a new 
Bitcoin mining facility that 

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00:12:45,720 --> 00:12:49,400
will operate using stranded gas.
Anyways, moving on to the other 

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00:12:49,400 --> 00:12:52,760
thing I noticed here we have the
Kingdom of Bhutan. 

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00:12:52,760 --> 00:12:56,560
Now it what's really interesting
about this news we've read it 

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00:12:56,560 --> 00:12:59,160
for we we've covered this 
headline many times on the on 

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00:12:59,160 --> 00:13:03,280
this show throughout the years, 
but essentially yours throughout

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00:13:03,280 --> 00:13:06,560
last year. 
Better said the Kingdom of 

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00:13:06,560 --> 00:13:09,600
Bhutan has been quietly mining 
Bitcoin for years Now here's the

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thing, we wouldn't we wouldn't 
have found out about this 

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00:13:13,000 --> 00:13:15,040
because they didn't make this 
public. 

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00:13:15,040 --> 00:13:21,000
It was only via the Celsius 
bankruptcy that kind of exposed 

227
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exposed that Bhutan had some, 
you know, had some type of 

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association with Bitcoin mining.
But they weren't really vocal 

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about this, which is interesting
because that makes me question 

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00:13:34,280 --> 00:13:36,800
that makes me like ask the 
question like what other 

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00:13:36,800 --> 00:13:39,640
countries are mining Bitcoin. 
They're just not telling anyone 

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00:13:39,640 --> 00:13:40,920
about it, right. 
They just don't want the 

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negative oppressed. 
They don't, they don't want the 

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attention. 
So we have Argentina, we have, 

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we have the Kingdom of Bhutan. 
Even though the Kingdom of 

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Bhutan, I believe their 
government is a lot more 

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involved. 
They partnered up with Bit Deer 

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and now you have El Salvador 
announcing how much Bitcoin they

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that they've been able to mine 
the last three years. 

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00:14:00,480 --> 00:14:02,840
This is a Reuters article. 
It goes on to say El Salvador 

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00:14:02,840 --> 00:14:09,360
has mined nearly 474 bitcoins 
since 2000 since 20/21 thanks to

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a volcano fueled geothermal 
power plant. 

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00:14:12,320 --> 00:14:15,000
Official data showed on Tuesday 
bringing the government's total 

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Bitcoin portfolio to nearly $354
million at current prices. 

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The country's Bitcoin office and
official government entity 

246
00:14:24,120 --> 00:14:30,640
entity reports that the 
government coffers now hold 5750

247
00:14:30,720 --> 00:14:32,720
Bitcoin. 
Also, if you take a look at the 

248
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hash rate, it continues to make 
all time highs even after having

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it seems like it seems like 
there's been a bit of a 

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00:14:38,840 --> 00:14:40,280
slowdown. 
Maybe you can make that 

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00:14:40,280 --> 00:14:43,040
argument. 
Yeah, seems like it. 

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But I mean I guess you could say
that would be normal because the

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00:14:45,560 --> 00:14:49,440
having just happened. 
But but yeah I mean like the 

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halving is I mean the the hash 
rate is you know it's undeniable

255
00:14:53,120 --> 00:14:57,440
like even after the infamous 
China ban hash rate dropped like

256
00:14:57,440 --> 00:14:59,920
50%, I think it took down the 
price with it. 

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I believe that's one of the 
reasons we didn't hit 100K last 

258
00:15:02,280 --> 00:15:05,520
cycle, but it recovered in 
record not record time 

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00:15:05,520 --> 00:15:08,720
decentralizing in the process. 
Within nine months the hash rate

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00:15:08,720 --> 00:15:12,120
recovered and now it's just gone
absolutely parabolic with I 

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00:15:12,120 --> 00:15:16,000
think it's which I think is a 
testament of the amount of smart

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00:15:16,000 --> 00:15:19,920
money, institutional money like 
look it requires a lot of money 

263
00:15:20,040 --> 00:15:22,480
to mine Bitcoin these days 
right. 

264
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You have to invest in the 
infrastructure. 

265
00:15:24,480 --> 00:15:26,880
It's kind of I wouldn't say it's
like a super long term 

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00:15:26,880 --> 00:15:29,960
investment but it is somewhat of
a long term investment that I 

267
00:15:29,960 --> 00:15:33,720
don't think you would make 
unless you felt very optimistic 

268
00:15:33,760 --> 00:15:36,760
about bitcoins future, right. 
So anyways, I'm going to start 

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00:15:36,760 --> 00:15:39,840
it off with Bit Bet since you're
you're from this industry, I'm 

270
00:15:39,840 --> 00:15:43,480
sure you know a lot more than we
do in regards to this certain 

271
00:15:43,480 --> 00:15:45,760
topic. 
So what's your take on all this?

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00:15:45,760 --> 00:15:51,440
You you see these very different
countries very far apart and 

273
00:15:51,440 --> 00:15:53,720
they're they all have one thing 
in common which is that they 

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00:15:53,720 --> 00:15:56,760
want to mine Bitcoin. 
So is this a trend that we're 

275
00:15:56,760 --> 00:15:59,080
going to continue to see? 
What's your take on this? 

276
00:16:00,360 --> 00:16:04,200
Yeah, cheap electricity is going
to give you mid quid miners 

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00:16:04,600 --> 00:16:06,400
because that's what they're 
drawn to, right. 

278
00:16:06,400 --> 00:16:11,680
So if there is any access 
anywhere, particularly in and in

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00:16:11,680 --> 00:16:14,080
Argentina, you're going to see 
the Vaca Muerta because it's a 

280
00:16:14,080 --> 00:16:16,440
very gassy field. 
Gas is hard to get. 

281
00:16:16,440 --> 00:16:20,080
The market takes a lot of money 
to build a pipeline to get that 

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00:16:20,080 --> 00:16:25,280
natural gas to the market. 
Bitcoin allows for that gas to 

283
00:16:25,280 --> 00:16:30,720
basically have optionality where
the turbine or the internal 

284
00:16:30,720 --> 00:16:32,440
combustion engine can be dropped
on site. 

285
00:16:32,920 --> 00:16:36,720
You can generate power there and
that power can either power 

286
00:16:36,720 --> 00:16:40,200
local infrastructure that that 
you need to further expand 

287
00:16:40,200 --> 00:16:44,600
operations or Bitcoin mining and
subsidized those operations. 

288
00:16:44,680 --> 00:16:48,920
So on one end of the spectrum, 
right? 

289
00:16:48,920 --> 00:16:53,480
On another end of the spectrum, 
you're going to have hydro, 

290
00:16:53,680 --> 00:16:57,240
right, like excess hydro. 
So I think egress who just sold 

291
00:16:57,240 --> 00:17:02,960
an additional 1 or 200 megawatts
out for mining. 

292
00:17:03,120 --> 00:17:06,000
So this is just going to be 
anywhere we have excess. 

293
00:17:07,720 --> 00:17:11,560
So naturally a a lot of the 
early stuff was the geothermal 

294
00:17:11,560 --> 00:17:13,319
stuff in in the Nordic 
countries. 

295
00:17:13,560 --> 00:17:18,839
We saw a lot of that early on. 
Those are very geographically, 

296
00:17:19,119 --> 00:17:22,839
you know, isolated, although 
we're seeing you know, countries

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00:17:22,839 --> 00:17:26,560
like El Salvador attempt to to 
access those resources. 

298
00:17:27,640 --> 00:17:30,720
Yeah, absolutely 100%. 
Before we continue, I do want to

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00:17:30,720 --> 00:17:35,680
give a shout out to Marin. 
Marin, thank you for the €60, 

300
00:17:35,680 --> 00:17:37,360
appreciate it. 
I guess we were back. 

301
00:17:37,360 --> 00:17:40,640
I mean, bro, we never left, but 
I appreciate the support of the 

302
00:17:40,640 --> 00:17:42,440
channel. 
If you're referring to Opti, 

303
00:17:42,560 --> 00:17:46,840
Opti is currently in the air 
right now at 35,000 feet on the 

304
00:17:46,840 --> 00:17:50,680
way to Montreal for the Canadian
Bitcoin Conference. 

305
00:17:50,680 --> 00:17:54,400
I got in I got in here late last
night so that we can not skip a 

306
00:17:54,400 --> 00:17:55,920
beat and do the show for you 
guys. 

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00:17:56,120 --> 00:17:59,640
Chris, what's your take on all 
this bro, this is incredibly 

308
00:17:59,640 --> 00:18:03,560
bullish stuff and again it it's 
not surprising. 

309
00:18:03,560 --> 00:18:06,560
I can't emphasize that enough. 
It this is not surprising if you

310
00:18:06,560 --> 00:18:12,080
understand Bitcoin's incentives.
It it's just it it I'll say this

311
00:18:12,400 --> 00:18:15,600
it's not surprising but it's 
still surprising to see it for 

312
00:18:15,600 --> 00:18:18,360
the first time right. 
Like you knew this was going to 

313
00:18:18,360 --> 00:18:20,760
happen you knew that countries 
are going to be interested in 

314
00:18:20,760 --> 00:18:24,160
mining Bitcoin. 
But it's still it's kind of like

315
00:18:24,160 --> 00:18:28,080
when we all we all like made a 
we we all knew that a country 

316
00:18:28,080 --> 00:18:31,520
was going to make Bitcoin legal 
tender but it still surprised us

317
00:18:31,520 --> 00:18:34,120
nonetheless when it happened the
way that it happened right. 

318
00:18:34,320 --> 00:18:36,680
And another thing also another 
observation that I that I that 

319
00:18:36,680 --> 00:18:40,440
I'll make is that this is all 
happening a lot quicker than we 

320
00:18:40,440 --> 00:18:43,040
all anticipated, right. 
So which which I think is pretty

321
00:18:43,040 --> 00:18:44,680
crazy. 
Anyways, before I pass it on to 

322
00:18:44,680 --> 00:18:48,080
you I wanna tell everybody in 
the audience guys, smash the 

323
00:18:48,080 --> 00:18:51,600
like button, Help us break 100 
likes within the first hour. 

324
00:18:51,600 --> 00:18:53,840
Currently at 93 likes on 
YouTube. 

325
00:18:54,240 --> 00:18:57,880
Smash the like button if you're 
watching this on rumble and on X

326
00:18:57,880 --> 00:19:00,320
as well, right? 
Spread that orange signal 

327
00:19:00,320 --> 00:19:01,880
forward. 
Anyways, Chris, what's your take

328
00:19:01,880 --> 00:19:04,480
on this brother? 
I was just gonna say optis, 

329
00:19:04,480 --> 00:19:08,040
Optis being held up by custom 
agents at the Canadian border 

330
00:19:08,040 --> 00:19:12,480
right now probably he's too 
based. 

331
00:19:12,720 --> 00:19:15,720
No, I I think the best way to 
think about this is to zoom out.

332
00:19:15,720 --> 00:19:19,440
So what I mean by that is 
obviously we saw after the 2008 

333
00:19:19,440 --> 00:19:23,960
financial crisis basically the 
the US federal government or the

334
00:19:24,080 --> 00:19:27,680
US Fed Federal Reserve said that
they are basically devalue 

335
00:19:27,680 --> 00:19:29,640
bondholders who are the largest 
bondholders. 

336
00:19:29,640 --> 00:19:34,120
In 2008, the Chinese basically 
after the tailwind of that in 

337
00:19:34,120 --> 00:19:38,400
2011, 2012, the Chinese were not
happy that basically the US 

338
00:19:38,400 --> 00:19:40,840
printed a lot of money. 
They bailed out banks and they 

339
00:19:40,840 --> 00:19:44,360
bailed out their banker friends.
And by doing so, they devalued 

340
00:19:44,360 --> 00:19:46,520
the Chinese bonds. 
And the Chinese were, you know, 

341
00:19:46,560 --> 00:19:49,320
had like I quite literally think
trillions of dollars of US 

342
00:19:49,320 --> 00:19:51,800
bonds. 
And you know, basically the US 

343
00:19:51,800 --> 00:19:54,680
government and the US Federal 
Reserve flipped off their 

344
00:19:54,680 --> 00:19:56,680
fingers to China. 
And China was like, well, we're 

345
00:19:56,680 --> 00:19:57,880
no longer going to buy 
treasuries. 

346
00:19:57,880 --> 00:20:00,680
So, you know, they kind of need 
to see demand for U.S. 

347
00:20:00,680 --> 00:20:02,480
Treasuries elsewhere because 
we're the global reserve 

348
00:20:02,480 --> 00:20:05,440
currency and the the treasuries 
are the global reserve asset. 

349
00:20:06,000 --> 00:20:08,760
So when you lose the demand in 
treasuries, you know, you kind 

350
00:20:08,760 --> 00:20:12,560
of lose a peg or a a peg of the 
stool for keeping up this Fiat 

351
00:20:12,560 --> 00:20:14,360
Ponzi. 
You know, Fast forward a little 

352
00:20:14,360 --> 00:20:20,000
bit further to 2022 and we see 
that the US government seized. 

353
00:20:20,120 --> 00:20:23,760
Russian oligarchs and Putin's 
assets to to the tune of 

354
00:20:23,800 --> 00:20:25,960
hundreds of billions if not 
trillions of dollars in 

355
00:20:25,960 --> 00:20:28,320
treasuries. 
So one you're losing people that

356
00:20:28,320 --> 00:20:30,600
are buying your treasuries like 
the Chinese because you fucked 

357
00:20:30,600 --> 00:20:32,880
them over by printing money. 
And then you're telling the 

358
00:20:32,880 --> 00:20:35,720
world that hey, if you buy these
treasuries from us like Russia 

359
00:20:35,720 --> 00:20:38,160
was doing or had, we can seize 
them from you. 

360
00:20:38,320 --> 00:20:41,440
So why would you want to have a 
money or and or an asset 

361
00:20:41,440 --> 00:20:44,200
associated with that with 
treasuries and U.S. dollars that

362
00:20:44,200 --> 00:20:46,000
the US government can seize? 
They can cut you off from the 

363
00:20:46,000 --> 00:20:48,080
Swiss system. 
They can take over your assets. 

364
00:20:48,200 --> 00:20:51,240
So like Bitcoin is this neutral 
money that the world can settle 

365
00:20:51,240 --> 00:20:54,160
in and it's a better money. 
Not only is it unconfiscatable, 

366
00:20:54,160 --> 00:20:56,960
obviously the properties that we
know, like, you know, having 

367
00:20:56,960 --> 00:20:59,960
your own wealth in your own head
with, you know, 12 or 24 words, 

368
00:21:00,240 --> 00:21:02,960
but in the way that you can 
transact without having people 

369
00:21:02,960 --> 00:21:06,040
steal your wealth, either 
through printing of money or 

370
00:21:06,040 --> 00:21:08,680
literally confiscation of assets
through the banking system. 

371
00:21:08,800 --> 00:21:12,360
So it was only a matter of time 
before we saw El Salvador you 

372
00:21:12,360 --> 00:21:15,440
know adopt Bitcoin as a country.
We saw micro strategy adopted as

373
00:21:15,440 --> 00:21:18,800
a treasury reserve asset for the
for their corporation and then 

374
00:21:18,800 --> 00:21:21,120
kind of leading into the next 
story, not bearing the lead but 

375
00:21:21,120 --> 00:21:23,240
kind of bringing up like now 
pensions are getting into it 

376
00:21:23,240 --> 00:21:27,120
like everyone's trying to escape
the debasement and the theft of 

377
00:21:27,160 --> 00:21:29,760
quite literally either physical 
theft through taking your assets

378
00:21:29,760 --> 00:21:33,080
of of the treasuries or theft of
printing of money. 

379
00:21:33,080 --> 00:21:35,440
So it's just a better like it 
makes a better world. 

380
00:21:35,560 --> 00:21:38,800
It aligns incentives, you know, 
if Bitcoin is for adversaries, 

381
00:21:38,800 --> 00:21:41,640
so even if you're Russia and the
US and China and you all and 

382
00:21:41,640 --> 00:21:44,120
don't really like each other, 
you can use this as a settlement

383
00:21:44,120 --> 00:21:47,160
of money where everyone is 
trying to like everyone was 

384
00:21:47,160 --> 00:21:49,400
trying to game the system and 
it's a fair and equal level 

385
00:21:49,400 --> 00:21:51,520
playing field. 
So I think, you know, the kind 

386
00:21:51,520 --> 00:21:54,160
of the losers of the world are 
the net consumers of the world. 

387
00:21:54,160 --> 00:21:58,040
I hate to say that, you know, 
Nico, you and I and BIA Petra, 

388
00:21:58,040 --> 00:22:02,200
we're Americans or based in the 
US I'm assuming that basically 

389
00:22:02,200 --> 00:22:04,920
we are net consumers relative to
the world. 

390
00:22:04,920 --> 00:22:08,240
So the US and Europe are kind of
net consumers where China, 

391
00:22:08,240 --> 00:22:10,600
Russia and a lot of other 
countries in South America are 

392
00:22:10,600 --> 00:22:12,640
net producers. 
So this is kind of only a good 

393
00:22:12,640 --> 00:22:15,400
thing that, you know, Bitcoin 
layer levels the playing field 

394
00:22:15,440 --> 00:22:17,360
and it's going to be, I hate to 
say this, but it's going to be 

395
00:22:17,360 --> 00:22:20,160
painful for many Americans that 
aren't on a Bitcoin standard 

396
00:22:20,320 --> 00:22:23,160
like what it means with not only
their currency being debased, 

397
00:22:23,360 --> 00:22:26,200
but in terms of being net 
consumers and not net producers 

398
00:22:26,200 --> 00:22:29,200
to the world A. 100% and and 
they're they're the country that

399
00:22:29,200 --> 00:22:32,440
has most benefited from that 
monopoly, right. 

400
00:22:32,440 --> 00:22:36,160
So yeah, I think that if you 
don't transition to a Bitcoin 

401
00:22:36,160 --> 00:22:40,000
standard and if you live in the 
United States, you know, you 

402
00:22:40,000 --> 00:22:43,200
could potentially find yourself 
not in a good place. 

403
00:22:43,200 --> 00:22:47,720
Because look, the the moment 
that the US loses its global 

404
00:22:47,720 --> 00:22:50,800
reserve currency status and a 
lot of countries like what Chris

405
00:22:50,800 --> 00:22:56,000
was alluding to or referencing 
to, you know, a lot of countries

406
00:22:56,000 --> 00:22:58,880
are seeking an alternative like 
the treasuries or the treasuries

407
00:22:58,880 --> 00:23:02,360
aren't doing so hot right now. 
Like, people don't have faith. 

408
00:23:02,360 --> 00:23:05,720
Countries don't have faith. 
Institutional investors don't 

409
00:23:05,720 --> 00:23:09,240
have faith in the US government 
the the way that they used to 

410
00:23:09,240 --> 00:23:11,880
have. 
And with the current fiscal 

411
00:23:11,880 --> 00:23:15,520
spending, the the the way that 
the US government is spending 

412
00:23:15,520 --> 00:23:19,600
like there's no tomorrow, it 
really doesn't. 

413
00:23:19,920 --> 00:23:22,920
People don't have the confidence
in the dollar that they used to 

414
00:23:22,920 --> 00:23:25,160
have. 
Now that's not to say that this 

415
00:23:25,160 --> 00:23:29,080
is going to happen tomorrow, but
I would, you know, like the next

416
00:23:29,080 --> 00:23:32,880
10 years, like if you don't have
any type of exposure to Bitcoin,

417
00:23:33,240 --> 00:23:37,080
you could potentially find 
yourself in, you know, in a in a

418
00:23:37,080 --> 00:23:39,440
precarious situation to say the 
least. 

419
00:23:39,720 --> 00:23:43,200
And yeah, I think everyone's 
just trying to, you know, I I 

420
00:23:43,200 --> 00:23:47,440
think people are realizing that 
that they're sitting on melting 

421
00:23:47,440 --> 00:23:49,480
ice cubes. 
I, I, I, I, I, I really do 

422
00:23:49,480 --> 00:23:51,240
believe that. 
And I, I do believe that the 

423
00:23:51,240 --> 00:23:54,600
world is going through a slow 
awakening process. 

424
00:23:54,880 --> 00:23:58,600
And shout out to Michael Saylor 
for really being the vanguard of

425
00:23:58,600 --> 00:24:01,760
that and I'm sure other public 
companies will follow. 

426
00:24:02,040 --> 00:24:05,880
And also shout out to Naeem 
Bukele as well for being you 

427
00:24:05,880 --> 00:24:08,760
know the vanguard in the 
vanguard in the on the nation 

428
00:24:08,760 --> 00:24:11,560
state level. 
So credibly bullish news after 

429
00:24:11,560 --> 00:24:13,760
all, but good news if you're a 
bitcoiner, especially if you 

430
00:24:13,760 --> 00:24:17,680
have it in self custody. 
Anyways, before we move on to 

431
00:24:17,920 --> 00:24:21,160
the next block, I do want to 
give a shout out to our sponsor.

432
00:24:21,360 --> 00:24:25,400
And of course I am talking about
Anders Pleb Party. 

433
00:24:25,400 --> 00:24:28,960
It's going to be in. 
It's going to be in Nashville 

434
00:24:28,960 --> 00:24:31,640
2024. 
If you're already going to the 

435
00:24:31,640 --> 00:24:36,360
Bitcoin 2024 conference in 
Nashville, you definitely don't 

436
00:24:36,360 --> 00:24:40,560
want to miss the Pleb Party. 
There's fifty tickets left at 

437
00:24:40,560 --> 00:24:43,800
the $200 price. 
After that, they'll be 

438
00:24:43,800 --> 00:24:45,800
completely gone. 
You're going to have to pay more

439
00:24:45,800 --> 00:24:49,240
money or even worse, they'll be 
completely sold out. 

440
00:24:49,440 --> 00:24:54,200
This is an all inclusive 12 hour
open bar from noon to midnight 

441
00:24:54,600 --> 00:24:58,400
Pleb party in Nashville the day 
before the Bitcoin conference, 

442
00:24:59,000 --> 00:25:03,520
Thursday, July 25th. 
The last Pleb party completely 

443
00:25:03,520 --> 00:25:07,680
sold out, so you want to get 
your tickets quickly before 

444
00:25:07,720 --> 00:25:10,120
they're gone. 
Confirmed attendees include 

445
00:25:10,120 --> 00:25:14,000
Larry Leopard, Preston Pish, the
entire Simply Bitcoin crew, 

446
00:25:14,160 --> 00:25:18,360
James Lavish, Robert Breedlove, 
Mark Moss, Puppy Tatum Turn up. 

447
00:25:18,480 --> 00:25:21,680
It's going to be hosted at an 
amazing rustic automobile 

448
00:25:22,200 --> 00:25:26,520
factory from 1910 with brick 
walls and tons of proof of work 

449
00:25:26,520 --> 00:25:29,040
atmosphere. 
You don't want to miss the 

450
00:25:29,560 --> 00:25:35,160
premier Bitcoin party of the 
year, the Bitcoin Pleb Party. 

451
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You can scan the QR code on your
screen or check the link in the 

452
00:25:39,240 --> 00:25:43,520
video description, and I'll see 
you guys in Nashville July 25th.

453
00:25:43,720 --> 00:25:46,000
All right, everybody, let's move
on to the news. 

454
00:25:46,000 --> 00:25:50,880
Lots to talk about. 
The Daily News. 

455
00:25:52,440 --> 00:25:56,040
I want to give a shout out to 
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you. 
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the show notes below to learn 
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473
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Once again, I made it incredibly
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477
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You want to take self custody? 

478
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Self custody is the revolution 
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479
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devices makes it incredibly easy
to use yourself. 

480
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Custody. 
Bitcoin, your cold storage, 

481
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Bitcoin, especially if you put 
if you pair it up with the envoy

482
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app and you use that with your 
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483
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It's so easy to sign Bitcoin 
transactions completely in cold 

484
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storage. 
This thing, even if you plug in 

485
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the USBC cable, that's only for 
power, that's only for charging,

486
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that's a non data cable. 
So this thing is literally the 

487
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definition of air gaps. 
Doesn't even touch your, doesn't

488
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even touch your device. 
You either have to use the SD 

489
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card or you can use the the 
little camera on the back and 

490
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you can scan AQR code. 
It's really neat. 

491
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Highly recommend it. 
Like I said, check out the 

492
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Passport by Foundation devices 
today. 

493
00:27:56,280 --> 00:27:59,800
All right everybody. 
So the big news for today, the 

494
00:27:59,800 --> 00:28:02,680
big kahuna. 
And then shout this This news 

495
00:28:02,680 --> 00:28:05,760
dropped at 6:34. 
So shout out to Nick Hoffman 

496
00:28:05,760 --> 00:28:09,560
cause damn boy 6:30 in the 
morning you're up dropping hot 

497
00:28:09,560 --> 00:28:12,240
fire. 
But yeah it's just interesting 

498
00:28:12,240 --> 00:28:15,520
because this news dropped and 
then guess what happened a 

499
00:28:15,520 --> 00:28:20,400
couple hours later the Bitcoin 
price went bananas and we pumped

500
00:28:20,440 --> 00:28:23,800
all the way to 65 K Also in 
other news as well. 

501
00:28:23,800 --> 00:28:27,360
Seems like the inflation numbers
came back a little bit lower 

502
00:28:27,760 --> 00:28:30,520
than everyone was anticipating, 
which gets everyone's hopes up 

503
00:28:30,720 --> 00:28:33,480
for the Fed to finally lower 
rates. 

504
00:28:33,640 --> 00:28:36,720
And then you know the money 
printer go Burr again. 

505
00:28:36,720 --> 00:28:40,880
And you know that tends to make 
the prices of assets go through 

506
00:28:40,960 --> 00:28:44,080
the effing roof. 
So let's check out this tweet by

507
00:28:44,080 --> 00:28:49,720
Bitcoin Magazine. 
Arcs Bitcoin ETF recorded $133 

508
00:28:49,720 --> 00:28:54,080
million in inflows, the highest 
ever since March. 

509
00:28:54,200 --> 00:28:57,720
We are back. 
Keep in mind again this dropped 

510
00:28:57,720 --> 00:29:01,120
at 6:30 and the price, I think 
it started pumping at 11. 

511
00:29:01,120 --> 00:29:02,760
So, Nick, do you know something 
we don't? 

512
00:29:03,960 --> 00:29:06,320
But that's a very interesting 
observation. 

513
00:29:06,320 --> 00:29:09,160
Here is this great graphic, that
kind of it. 

514
00:29:09,160 --> 00:29:14,880
It represents, it shows how much
Bitcoin these ETFs, these asset 

515
00:29:14,880 --> 00:29:17,880
managers are buying and it's a 
ridiculous amount. 

516
00:29:17,880 --> 00:29:21,400
You know, currently I think the 
last number I saw was BlackRock 

517
00:29:21,400 --> 00:29:25,760
holds 274,000. 
That's more than Michael 

518
00:29:25,760 --> 00:29:28,360
Sailor's MicroStrategy. 
They've been doing this for 

519
00:29:28,360 --> 00:29:30,920
years now. 
And of course we have Kathy 

520
00:29:31,440 --> 00:29:35,720
Woods, Ark Invest with 153,000, 
those seem to that. 

521
00:29:35,720 --> 00:29:38,200
Was that was fidelities? 
That was fidelity as. 

522
00:29:38,280 --> 00:29:41,080
They're at like 40K. 
Kathy Wood is at 40. 

523
00:29:41,080 --> 00:29:42,480
You're right, you're right. 
Apologize. 

524
00:29:43,240 --> 00:29:45,280
Sorry about that guys. 
And then the bitwise we're at 

525
00:29:45,280 --> 00:29:49,720
3434 thousand 111 anyways, but 
it seems like there's clear 

526
00:29:49,720 --> 00:29:53,160
leaders which is the BlackRock, 
Fidelity and the Ark Invest. 

527
00:29:53,480 --> 00:29:56,760
But still dude, the 43,000 
Bitcoin is no small feat. 

528
00:29:57,560 --> 00:30:02,560
Here is more data shout out to 
Bitcoin Treasuries that has been

529
00:30:02,560 --> 00:30:07,120
accumulating this and it shows 
you what the ETF flows have 

530
00:30:07,120 --> 00:30:10,120
been. 
As you can see in the very, very

531
00:30:10,120 --> 00:30:12,120
early days, they've been 
absolutely crazy. 

532
00:30:12,120 --> 00:30:14,280
They've gone absolutely bananas,
right? 

533
00:30:14,280 --> 00:30:17,280
You know, sometimes stacking 
2000 Bitcoin in one day. 

534
00:30:18,360 --> 00:30:22,760
But you know, things started to 
slow down specifically in April,

535
00:30:22,760 --> 00:30:26,120
right? 
We had 1300 bitcoins and 

536
00:30:26,120 --> 00:30:28,840
outflows. 
In the very beginning of May, we

537
00:30:28,840 --> 00:30:34,080
had 1694, but so far May has 
picked up. 

538
00:30:34,080 --> 00:30:35,880
You know, it's just been green 
so far. 

539
00:30:35,880 --> 00:30:38,920
So I mean things seem to be 
heading in the right direction. 

540
00:30:38,920 --> 00:30:41,760
I think the price reflects that.
I think people are feeling a 

541
00:30:41,760 --> 00:30:46,080
little bit optimistic in terms 
of the recent inflation data 

542
00:30:46,080 --> 00:30:48,920
that came in. 
But the thing that I'm really 

543
00:30:48,920 --> 00:30:53,320
paying attention to, and I can't
emphasize this enough, is this. 

544
00:30:53,360 --> 00:30:56,880
And we covered this yesterday. 
I'll get to why this is so 

545
00:30:56,880 --> 00:31:00,720
bullish. 
But the state of Wisconsin, $100

546
00:31:00,720 --> 00:31:04,640
million worth of Black Rock Spot
Bitcoin ETF. 

547
00:31:05,000 --> 00:31:09,800
And then the dominoes will start
to fall as they realize that 

548
00:31:09,960 --> 00:31:12,800
adding Bitcoin to their 
portfolio, adding exposure to 

549
00:31:12,800 --> 00:31:15,360
Bitcoin to the portfolio is not 
a choice. 

550
00:31:15,720 --> 00:31:18,920
It's a necessity. 
And anyone who doesn't follow in

551
00:31:18,920 --> 00:31:21,600
their footsteps, it is at a 
competitive disadvantage. 

552
00:31:21,600 --> 00:31:25,800
Here's James Lavish and he says 
it starts with a leg in trade of

553
00:31:25,800 --> 00:31:29,680
.1 to .5% as they do their 
research. 

554
00:31:29,960 --> 00:31:34,680
Then it becomes a small position
of 2 to 5% as they be as they 

555
00:31:34,680 --> 00:31:38,640
begin to understand it. 
Then Wolf would then with full 

556
00:31:38,640 --> 00:31:42,480
understanding and realization of
perpetual negative real intra it

557
00:31:42,480 --> 00:31:48,400
real rates of on treasuries, it 
becomes a full allocation of 10%

558
00:31:48,400 --> 00:31:51,000
plus. 
And here's Michael Saylor. 

559
00:31:51,000 --> 00:31:54,200
I'm assuming he's reacting to 
the Wisconsin news and he says 

560
00:31:54,200 --> 00:31:57,040
there are thousands of pension 
funds in the United States 

561
00:31:57,040 --> 00:32:02,920
managing 27 trillion in assets. 
They're all going to need some 

562
00:32:02,920 --> 00:32:05,480
Bitcoin. 
This has already happened right 

563
00:32:05,480 --> 00:32:08,080
before we were speculating that 
this is going to happen. 

564
00:32:08,240 --> 00:32:11,560
We're looking at Bitcoin's game 
theory, but nothing of this 

565
00:32:11,560 --> 00:32:14,120
size. 
Right now you have America's 

566
00:32:14,120 --> 00:32:16,760
third largest bank. 
Now you have Europe's second 

567
00:32:16,760 --> 00:32:20,920
largest bank. 
I believe also UBS, the 

568
00:32:20,960 --> 00:32:23,360
Switzerland's second largest 
bank, or First. 

569
00:32:23,360 --> 00:32:24,960
I I I don't know which one it 
is. 

570
00:32:25,560 --> 00:32:28,920
They also announced that they 
have exposure to the Black Rock 

571
00:32:28,920 --> 00:32:32,160
Bitcoin ETF. 
And then to kind of put the 

572
00:32:32,160 --> 00:32:39,480
cherry on top, we are on track 
to hit Kathy Woods prediction of

573
00:32:39,480 --> 00:32:45,920
$1.5 million Bitcoin by 20-30. 
The base case is 682,000. 

574
00:32:46,120 --> 00:32:48,560
I don't, I think we're going to 
blow past the bear case. 

575
00:32:48,560 --> 00:32:51,080
I think the bear case is just 
that it's the bear case which is

576
00:32:51,080 --> 00:32:55,080
$258,000 per Bitcoin. 
But part of this case like she 

577
00:32:55,080 --> 00:32:59,320
didn't just pull these numbers 
out randomly, she was making a 

578
00:32:59,320 --> 00:33:02,960
case as to what needs to happen 
in order for the those numbers 

579
00:33:02,960 --> 00:33:05,640
to be hit, right. 
And there's a, there's 

580
00:33:05,640 --> 00:33:08,800
percentage, there's there's 
percentages, right. 

581
00:33:09,000 --> 00:33:12,720
So for institutional investment,
for Bitcoin to hit that level, 

582
00:33:12,720 --> 00:33:17,360
that price target there needs to
be roughly A2, 2.5% penetration 

583
00:33:17,360 --> 00:33:21,200
rate. 
And I think we're more than on 

584
00:33:21,200 --> 00:33:26,160
track to to hit those levels. 
I think we're going to blow past

585
00:33:26,160 --> 00:33:30,040
them corporate treasury, I also 
believe like we're more than on 

586
00:33:30,040 --> 00:33:33,360
track to hit that 2.5% base, 
right. 

587
00:33:33,520 --> 00:33:36,400
So I think we're we're 
definitely on track man to to 

588
00:33:36,400 --> 00:33:40,440
hit these crazy crazy numbers 
that Kathy Wood witches Arkan 

589
00:33:40,440 --> 00:33:44,200
Vest I might add to you know 
potentially hit these price 

590
00:33:44,200 --> 00:33:48,400
targets by 20-30 just due to the
institutional interest. 

591
00:33:48,400 --> 00:33:52,240
Now like where is this thing 
going to be you know 2-3 years 

592
00:33:52,240 --> 00:33:56,160
from now what companies what's 
the next Fortune 500 company 

593
00:33:56,320 --> 00:33:58,800
that's going to follow in the 
footsteps of Michael Saylor 

594
00:33:58,960 --> 00:34:03,040
because they're realizing holy 
cow you know Michael Saylor is 

595
00:34:03,040 --> 00:34:07,840
kicking everyone's ass and all 
he's done is adopt A Bitcoin 

596
00:34:07,840 --> 00:34:09,880
strategy. 
Like I think it's not a question

597
00:34:09,880 --> 00:34:13,040
of of will they adopt A Bitcoin 
strategy. 

598
00:34:13,040 --> 00:34:17,880
It's a question of if. 
I mean when they will adopt A 

599
00:34:17,880 --> 00:34:20,880
Bitcoin strategy, because if 
not, dude, they're at a severe 

600
00:34:20,880 --> 00:34:24,440
disadvantage to anyone who does.
So I'm going to start it off 

601
00:34:24,440 --> 00:34:26,880
with Chris 1st and then we'll 
move it on to Bit Petro. 

602
00:34:28,080 --> 00:34:29,760
Yeah, no, I mean, this is huge 
news. 

603
00:34:29,880 --> 00:34:32,520
Just huge. 
Shout out to Dombe Hafeziguri, 

604
00:34:32,520 --> 00:34:36,040
Joe Carlissari and Greg Foss. 
So they've been doing the 

605
00:34:36,040 --> 00:34:38,639
Nakamoto portfolio gauntlet. 
They've done 3 episodes. 

606
00:34:38,639 --> 00:34:41,880
I produced that episode where 
they were dropping that. 

607
00:34:42,320 --> 00:34:45,560
So shout out to Nico, yeah? 
I was in the background when 

608
00:34:45,560 --> 00:34:48,400
they were doing that episode and
like guys, I do a lot of 

609
00:34:48,400 --> 00:34:49,560
content. 
So no, no. 

610
00:34:49,560 --> 00:34:53,639
Most of the time I I I tune out.
But I would this entire episode 

611
00:34:53,639 --> 00:34:55,000
I was producing in the 
background. 

612
00:34:55,000 --> 00:34:59,680
I was like, holy cow, this is 
absolute signal and I don't. 

613
00:34:59,680 --> 00:35:04,760
Is it a coincidence that Alpha, 
Zeta, Hoffa and Dom Bay were 

614
00:35:04,760 --> 00:35:07,680
were talking to them and then 
all of a sudden you know, they 

615
00:35:07,680 --> 00:35:10,400
just did this 180? 
I don't think that's a 

616
00:35:10,400 --> 00:35:13,920
coincidence at all man. 
So anyways. 

617
00:35:14,400 --> 00:35:16,840
No, So shouts out to them. 
So they did an episode called 

618
00:35:16,840 --> 00:35:19,760
the Nakamoto Portfolio Gauntlet.
It's up on Swan's YouTube 

619
00:35:19,760 --> 00:35:21,200
channel. 
Basically they've done 3 

620
00:35:21,200 --> 00:35:23,640
episodes talking to various 
pension managers or fund 

621
00:35:23,640 --> 00:35:26,560
managers about put it 
incorporating Bitcoin onto their

622
00:35:26,560 --> 00:35:28,680
balance sheet. 
Many times these fund managers 

623
00:35:28,680 --> 00:35:30,720
agree to come on the show 
because they know Bitcoin or 

624
00:35:30,720 --> 00:35:33,600
they like Bitcoin, but it's kind
of very different being 

625
00:35:33,600 --> 00:35:36,800
personally for Bitcoin and then 
being for it with a fund, 

626
00:35:36,800 --> 00:35:38,280
whether it's a hedge fund or 
whatever. 

627
00:35:38,480 --> 00:35:42,040
Obviously we're turning, as Nico
always says, we're winning over 

628
00:35:42,040 --> 00:35:44,080
hearts and minds. 
So I think that a lot of people 

629
00:35:44,080 --> 00:35:47,200
are taking up to the idea of 
having Bitcoin as an asset or as

630
00:35:47,200 --> 00:35:49,600
a bucket of assets. 
You know, you don't have to be 

631
00:35:49,600 --> 00:35:53,040
as cypherpunk and crazy as Nico 
be Petro and I like all into 

632
00:35:53,040 --> 00:35:55,880
Bitcoin all in cold storage. 
You know, you don't need 

633
00:35:55,880 --> 00:35:59,000
anything else. 
But basically they talked to him

634
00:35:59,000 --> 00:36:02,000
like eight or nine months ago 
and basically we saw that 

635
00:36:02,000 --> 00:36:05,160
Wisconsin obviously put this 
asset allocation of Bitcoin on 

636
00:36:05,160 --> 00:36:07,600
their balance sheet. 
They made the investment I think

637
00:36:07,600 --> 00:36:10,920
in January or February. 
So they don't have to report 

638
00:36:10,920 --> 00:36:13,680
until the quarter ends. 
So we're only finding out about 

639
00:36:13,680 --> 00:36:15,600
this news now because of 
quarterly reporting 

640
00:36:15,600 --> 00:36:17,720
requirements. 
But basically they they made 

641
00:36:17,720 --> 00:36:20,240
this investment and we're now 
just seeing it months later 

642
00:36:20,240 --> 00:36:22,920
because of like the rolling of 
the announcement requirements. 

643
00:36:23,360 --> 00:36:26,360
And one thing that I want to say
is not bearing the lead, but so 

644
00:36:26,360 --> 00:36:27,840
hot. 
So they have the guests on. 

645
00:36:27,840 --> 00:36:29,920
They normally talk to them for 
half an hour, 45 minutes to an 

646
00:36:29,920 --> 00:36:32,840
hour and then the last 15 
minutes or so they have the 

647
00:36:32,840 --> 00:36:36,200
guests leave and then basically 
they can talk among Dom, Hoffa, 

648
00:36:36,200 --> 00:36:38,720
Joe and Greg about like what 
they would recommend. 

649
00:36:38,720 --> 00:36:41,120
So they don't put them in 
pressure to be like, hey, this 

650
00:36:41,120 --> 00:36:43,080
is what we you should do or what
you have to do. 

651
00:36:43,240 --> 00:36:44,800
But basically they gave three 
cases. 

652
00:36:44,800 --> 00:36:48,200
They gave a 1% allocation, a 2% 
and a 5% allocation. 

653
00:36:49,320 --> 00:36:51,680
They recommended the 2%. 
It's kind of in between being 

654
00:36:51,680 --> 00:36:54,600
bearish or like more ultra 
conservative and ultra 

655
00:36:54,600 --> 00:36:57,400
aggressive. 
Had they done the 2% allegation 

656
00:36:57,400 --> 00:37:00,760
instead of just the 110th of a 
percentage point, they would 

657
00:37:00,760 --> 00:37:04,280
have made $4 billion in just 
that investment alone. 

658
00:37:04,680 --> 00:37:07,080
Obviously, you know any 
investment into bitcoins better 

659
00:37:07,080 --> 00:37:09,920
than no investment. 
And they're one of not only just

660
00:37:09,920 --> 00:37:13,480
a top five pension fund in the 
United States, they are they're 

661
00:37:13,480 --> 00:37:16,440
almost fully funded. 
They're at 99% funded pension, 

662
00:37:16,600 --> 00:37:19,200
which is unheard of in the 
pension space Don Bay always 

663
00:37:19,200 --> 00:37:21,160
brings up. 
If you're at 40% funded, 

664
00:37:21,600 --> 00:37:23,120
basically that means you're 
going to go bankrupt. 

665
00:37:23,120 --> 00:37:26,320
It's it's kind of like you have 
to pay out people that are 

666
00:37:26,320 --> 00:37:29,000
currently retired and you don't 
have enough money to to keep on 

667
00:37:29,000 --> 00:37:31,720
water. 
Normally 80% is good, 70%'s in 

668
00:37:31,720 --> 00:37:35,640
danger, but anyway like at 99% 
is like doesn't get much better 

669
00:37:35,640 --> 00:37:37,320
than that. 
If they're over funded, they 

670
00:37:37,320 --> 00:37:39,760
have to sell other assets to 
bring their allocations down to 

671
00:37:39,760 --> 00:37:41,680
100. 
So given you guys the land, land

672
00:37:41,680 --> 00:37:44,040
of the pension fund world 
talking with Don Bay all the 

673
00:37:44,040 --> 00:37:45,520
time. 
But yeah, no, I think this is 

674
00:37:45,520 --> 00:37:48,160
incredibly bullish. 
And also the great thing is 

675
00:37:48,160 --> 00:37:50,720
they're a top ten pension fund 
in the world and they're 

676
00:37:50,720 --> 00:37:53,840
succeeding and they're they're 
increasing their success by 

677
00:37:53,840 --> 00:37:56,000
adding Bitcoin to it. 
So if you don't think this is 

678
00:37:56,000 --> 00:37:58,320
turning heads at CalPERS, you 
know the California pension 

679
00:37:58,320 --> 00:38:01,120
fund, the largest pension fund 
in in arguably the world, 

680
00:38:01,200 --> 00:38:04,040
definitely in the United States.
So I think like people are 

681
00:38:04,040 --> 00:38:07,120
waking up to the idea of like oh
crap like this is real and we 

682
00:38:07,120 --> 00:38:09,480
don't want to be the last punch 
and pension fund to get on 

683
00:38:09,480 --> 00:38:11,400
board. 
So I think a lot of people are 

684
00:38:11,520 --> 00:38:13,560
are talking or a lot of pension 
funds are talking behind the 

685
00:38:13,560 --> 00:38:16,680
scenes like we need to seriously
look at and we may need to make 

686
00:38:16,680 --> 00:38:18,400
an investment sooner rather than
later. 

687
00:38:18,400 --> 00:38:19,800
So I'll just leave it at that, 
Nico. 

688
00:38:19,800 --> 00:38:21,920
No, beautifully, beautifully 
said. 

689
00:38:22,520 --> 00:38:24,160
We do have a bit corner in the 
chat. 

690
00:38:24,200 --> 00:38:27,440
Z Logic says that away. 
Here we go. 

691
00:38:27,440 --> 00:38:30,240
Where where is it? 
He just said have they, the 

692
00:38:30,280 --> 00:38:33,080
ETFs, published their proof of 
reserves, which only to my 

693
00:38:33,080 --> 00:38:35,120
knowledge, I think Bitwise is 
the only one that's published 

694
00:38:35,120 --> 00:38:37,400
their address, all the other 
ones haven't they, they've 

695
00:38:37,440 --> 00:38:39,840
obviously said the shares they 
have, but I don't know if that 

696
00:38:39,840 --> 00:38:40,920
was the question that you were 
asking. 

697
00:38:40,920 --> 00:38:43,920
Yeah, I was looking for someone,
anyone, someone else said that 

698
00:38:43,920 --> 00:38:46,880
that's not actual, you know, 
real Bitcoin exposure. 

699
00:38:47,000 --> 00:38:50,000
I completely lost a comment. 
It's it's because it's in the 

700
00:38:50,000 --> 00:38:52,160
ETF, so they're not holding 
their own keys. 

701
00:38:52,200 --> 00:38:54,720
Yeah, 100%. 
So that's a really good point. 

702
00:38:54,720 --> 00:38:57,520
But what I would say it here it 
is, is Z Logic. 

703
00:38:57,520 --> 00:39:00,480
There we go. 
Is an ETF really invested into 

704
00:39:00,480 --> 00:39:02,600
Bitcoin? 
Well, no. 

705
00:39:03,880 --> 00:39:07,680
Buying spot Bitcoin and taking 
Bitcoin into self custody is the

706
00:39:07,680 --> 00:39:10,640
investment. 
However, what I will say is that

707
00:39:10,640 --> 00:39:14,360
some institutions by law, they 
can't do that, right? 

708
00:39:14,920 --> 00:39:18,640
That's not so much their fault. 
That's just like how the law 

709
00:39:18,640 --> 00:39:23,400
works in in some jurisdictions. 
And then what I will say on 

710
00:39:23,400 --> 00:39:27,160
another, you know, on another 
perspective is that I think all 

711
00:39:27,160 --> 00:39:30,560
roads lead to Bitcoin. 
I think eventually you dip your 

712
00:39:30,560 --> 00:39:34,160
toes into the ETF. 
I think eventually, especially 

713
00:39:34,160 --> 00:39:37,560
if you're an individual you know
and you're buying the Bitcoin 

714
00:39:37,560 --> 00:39:40,920
ETF, there's absolutely no 
reason why you should be doing 

715
00:39:40,920 --> 00:39:43,880
that. 
I understand if you're a large 

716
00:39:43,880 --> 00:39:47,160
institution and the custody 
aspect starts to freak you out a

717
00:39:47,160 --> 00:39:49,080
little bit, especially if you 
don't have the technical know 

718
00:39:49,080 --> 00:39:52,280
how or if you're legally obliged
to do that. 

719
00:39:53,080 --> 00:39:55,120
But if you're an individual, if 
you're a wealthier, an 

720
00:39:55,120 --> 00:39:58,760
individual, you know especially 
like one of the older 

721
00:39:58,760 --> 00:40:04,520
generations, there is absolutely
no reason as to why you 

722
00:40:04,520 --> 00:40:08,200
shouldn't be buying spot Bitcoin
and taking it into self custody 

723
00:40:08,440 --> 00:40:12,520
if you can send a wire transfer.
If you can cook yourself a steak

724
00:40:12,520 --> 00:40:17,000
or make scrambled eggs, you can 
1,000,000% take Bitcoin into 

725
00:40:17,000 --> 00:40:19,920
self custody. 
It's not that crazy anyways. 

726
00:40:20,160 --> 00:40:22,160
Bit Bedro, What's your take on 
all this, brother? 

727
00:40:23,160 --> 00:40:26,240
Well, look, I'm, can you hear 
me? 

728
00:40:26,800 --> 00:40:31,720
Yes, I'm pretty proud to live in
the city of Fort Worth. 

729
00:40:31,720 --> 00:40:35,880
I got to tell you Mayor Maddie 
Parker also shout out to her, 

730
00:40:36,240 --> 00:40:39,240
she's the first, she was the 
first mayor to raise her hand 

731
00:40:39,240 --> 00:40:42,880
and say look our municipalities 
going to mine Bitcoin and and to

732
00:40:42,880 --> 00:40:45,520
your point they were not allowed
to keep their mind Bitcoin. 

733
00:40:46,840 --> 00:40:48,480
They were not allowed to custody
Bitcoin. 

734
00:40:48,640 --> 00:40:52,400
They have to custody legal 
tender and so they had to sell 

735
00:40:52,400 --> 00:40:56,040
their Bitcoin and and 
essentially make a profit and 

736
00:40:56,040 --> 00:41:00,640
then and stick up a very 
symbolic, you know, flag in the 

737
00:41:00,640 --> 00:41:05,520
sand as a municipality adopting 
Bitcoin but but yet not being 

738
00:41:05,520 --> 00:41:11,720
able to fully custody the asset.
So adoption is this long road 

739
00:41:11,960 --> 00:41:16,280
and we're going to get 
everything from a city, state 

740
00:41:16,680 --> 00:41:19,480
all the way up to you know 
nation states. 

741
00:41:19,840 --> 00:41:24,120
The question you know as we 
progress through these steps of 

742
00:41:24,120 --> 00:41:28,400
adoption, I like to to say it's 
much like real estate. 

743
00:41:28,400 --> 00:41:31,200
You know an individual's a 
house, you know then you got a 

744
00:41:31,200 --> 00:41:36,760
hotel then you got a casino. 
At some point you know we're 

745
00:41:36,760 --> 00:41:41,480
reaching things that look like 
actual counties and states in 

746
00:41:41,480 --> 00:41:45,480
size as far as like the the 
numbers and the zeros when we're

747
00:41:45,480 --> 00:41:48,240
trying to explain relative size 
or something. 

748
00:41:49,680 --> 00:41:54,800
And so when we enter into 
pension funds and foreign wealth

749
00:41:54,800 --> 00:41:59,920
funds, we're very, very close to
G8 country size funds. 

750
00:42:00,280 --> 00:42:03,920
And when we get to the G eights 
then we're we're very, very you 

751
00:42:03,920 --> 00:42:08,360
know our our next step up is 
first world currencies. 

752
00:42:09,480 --> 00:42:13,920
So the adoption curve is very 
fast for for something that is 

753
00:42:13,920 --> 00:42:19,840
as nascent as Bitcoin and it's 
probably because have you guys 

754
00:42:19,840 --> 00:42:22,520
done the clip of the guy that 
says it's a it's a currency of 

755
00:42:22,520 --> 00:42:27,680
distrust. 
That guy, I mean he a a perfect.

756
00:42:28,760 --> 00:42:32,040
Harare or something, Yeah. 
Yeah, yeah, perfect sophistry. 

757
00:42:32,280 --> 00:42:35,400
But I mean, it's so comical 
because he's almost making the 

758
00:42:35,400 --> 00:42:37,480
damn point. 
Why is this so amazing? 

759
00:42:37,600 --> 00:42:39,240
Because it's a currency of 
distrust. 

760
00:42:39,240 --> 00:42:41,640
You're damn right. 
Because China doesn't have to 

761
00:42:41,640 --> 00:42:43,960
trust India. 
Nor would they ever want to 

762
00:42:43,960 --> 00:42:48,360
trust India to do Massive 
foreign transactions. 

763
00:42:48,360 --> 00:42:50,400
But now they can and now they 
can do it. 

764
00:42:50,680 --> 00:42:54,400
And and more importantly, a 
small nation like Bhutan or a 

765
00:42:54,400 --> 00:42:58,960
small nation like a nation like 
an island nation can settle 

766
00:42:58,960 --> 00:43:01,920
their transactions with other 
small island nations and not 

767
00:43:01,920 --> 00:43:05,520
carry the risk of sending that 
gold on a little ship to get 

768
00:43:05,880 --> 00:43:09,440
pirated away by actual pirates. 
I mean it's just better 

769
00:43:09,440 --> 00:43:12,760
technology all around. 
So you know it's it's super 

770
00:43:12,760 --> 00:43:19,080
interesting that that we are you
know living this moment of of 

771
00:43:19,080 --> 00:43:24,040
mass adoption. 
We are very, very clearly 

772
00:43:24,040 --> 00:43:28,640
starting to pick up steam on 
that S curve and it'll be very 

773
00:43:28,640 --> 00:43:31,800
interesting where the top lands.
Yeah, 100%. 

774
00:43:32,560 --> 00:43:34,520
Yeah. 
And I, I, I, I, I agree with 

775
00:43:34,520 --> 00:43:38,920
that and the S curve adoption in
in reference like I I I think 

776
00:43:38,920 --> 00:43:43,480
we're we're in the process of of
jumping the chasm between the 

777
00:43:43,480 --> 00:43:46,000
early adopters to the early 
majority. 

778
00:43:46,800 --> 00:43:50,040
I think that we're in the very, 
very first innings of that and 

779
00:43:50,040 --> 00:43:52,960
it's incredibly exciting to say 
the least. 

780
00:43:53,400 --> 00:43:56,560
Anyways guys, we still have a 
hell of a show lined up for you 

781
00:43:56,560 --> 00:43:58,280
guys. 
We're going to talk to Bit Betro

782
00:43:58,400 --> 00:44:00,520
about all the stuff that he's 
working on. 

783
00:44:01,320 --> 00:44:04,520
Bit Betro, I have this rodent 
written down right here. 

784
00:44:04,640 --> 00:44:09,240
Turns gas into Bitcoin or helps 
companies turn gas into Bitcoin.

785
00:44:09,480 --> 00:44:13,320
So we have a lot to cover. 
Stay tuned but in But in the 

786
00:44:13,320 --> 00:44:15,720
meantime smash the like button. 
If you guys are enjoying the 

787
00:44:15,720 --> 00:44:19,160
show, especially on YouTube 
rumble and X Smash the like 

788
00:44:19,160 --> 00:44:23,200
button helps with the algos. 
I do want to give a very special

789
00:44:23,200 --> 00:44:28,280
shout out to our sponsor, the 
Orange Pill app Stack friend who

790
00:44:28,280 --> 00:44:32,360
stacks sats The Orange Pill app 
is the Bitcoin social layer. 

791
00:44:32,520 --> 00:44:36,560
Find local bitcoiners, events 
and merchants only on the Orange

792
00:44:36,560 --> 00:44:38,920
Pill app. 
You could scan the QR code or 

793
00:44:38,920 --> 00:44:40,760
check the link in the video 
description. 

794
00:44:40,920 --> 00:44:47,120
Join the 10,001, 137 bitcoiners 
that are currently on The app 

795
00:44:47,280 --> 00:44:50,760
has a really clever filtration 
system, so you'll only find 

796
00:44:50,840 --> 00:44:53,400
other bitcoiners on the app. 
You won't get these messages. 

797
00:44:53,400 --> 00:44:56,600
Like if you send me one Bitcoin,
I'll send you two. 

798
00:44:56,960 --> 00:45:01,120
You'll only find high signal. 
You'll only find bitcoiners on 

799
00:45:01,120 --> 00:45:04,280
the application and it has a 
really cool geographical feature

800
00:45:04,280 --> 00:45:06,000
as well. 
So if you're traveling, if 

801
00:45:06,000 --> 00:45:09,200
you're on the move, if you came 
to a new city and you don't know

802
00:45:09,200 --> 00:45:12,000
any Bitcoiners around you, you 
can pull up the orange pull up 

803
00:45:12,000 --> 00:45:14,800
and it will literally tell tell 
you geographically what 

804
00:45:14,800 --> 00:45:18,120
bitcoiners are near you. 
It's a great resource. 

805
00:45:18,120 --> 00:45:21,960
I can't emphasize that enough. 
Me and Opti are are on there. 

806
00:45:21,960 --> 00:45:23,640
There's a simply Bitcoin group 
chat. 

807
00:45:23,720 --> 00:45:27,720
One of the best ways to reach me
is by sending a message, sending

808
00:45:27,720 --> 00:45:29,760
me a message on the orange 
pilapse. 

809
00:45:29,760 --> 00:45:34,480
So scan the QR code or check the
link in the video description. 

810
00:45:34,680 --> 00:45:36,760
All right everybody, let's get 
to the culture. 

811
00:45:36,760 --> 00:45:41,120
We have a lot to talk about. 
The Daily Culture. 

812
00:45:47,360 --> 00:45:50,440
All right everybody, I want to 
give a shout out to our sponsor 

813
00:45:50,680 --> 00:45:53,720
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They are the most trusted place 

814
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equipment. 

815
00:45:56,400 --> 00:45:59,480
You could check out their racks 
today by checking the link in 

816
00:45:59,480 --> 00:46:02,640
the video slash podcast 
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817
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That will take you directly to 

818
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819
00:46:11,120 --> 00:46:14,200
Kaboom Racks marketplace. 
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820
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It's the Kaboom Racks instant 

821
00:46:18,440 --> 00:46:23,680
hosting for the S19K Pro. 
After a one time payment of 

822
00:46:23,680 --> 00:46:27,760
$2466 you'll be mining in no 
time. 

823
00:46:27,760 --> 00:46:29,920
You own the miner. 
This is not a hash rate 

824
00:46:30,240 --> 00:46:32,640
contract. 
Once the payment is confirmed 

825
00:46:32,640 --> 00:46:36,000
and cleared, your hash rate goes
immediately online. 

826
00:46:36,400 --> 00:46:41,160
The hosting price is as low as 
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827
00:46:41,160 --> 00:46:43,800
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instant hosting today, you want 

828
00:46:43,800 --> 00:46:45,840
to start mining. 
Check out Kaboom racks. 

829
00:46:45,840 --> 00:46:49,600
Also a great place to buy your 
Bitcoin miner and all that jazz.

830
00:46:49,600 --> 00:46:53,360
So check out kaboom Racks today.
Anyways, bit Petro. 

831
00:46:53,360 --> 00:46:54,920
What's up man? 
Dude, I'm. 

832
00:46:54,960 --> 00:46:58,080
I'm so hyped that I saw you in 
at Bit Block. 

833
00:46:58,080 --> 00:46:59,760
Boom. 
We crossed paths. 

834
00:46:59,760 --> 00:47:02,560
We were having a discussion. 
It was kind of sad that I didn't

835
00:47:02,560 --> 00:47:06,160
get to see Chris at one day. 
I think I'll see him in 

836
00:47:06,160 --> 00:47:09,200
Nashville. 
I'm pretty sure, but But yeah 

837
00:47:09,200 --> 00:47:13,160
man, I just wanna get into what 
your purpose is, why you're a 

838
00:47:13,160 --> 00:47:15,120
bitcoiner. 
What are you contributing to 

839
00:47:15,120 --> 00:47:16,880
this space? 
Because this is what the culture

840
00:47:16,880 --> 00:47:20,080
is all about, to talk to 
bitcoiners from all walks of 

841
00:47:20,080 --> 00:47:21,160
life. 
So I'm gonna pull up your 

842
00:47:21,160 --> 00:47:23,480
website quick. 
By the way, for anyone who's not

843
00:47:23,480 --> 00:47:27,400
in the know, Bit Betro turns gas
into Bitcoin. 

844
00:47:27,400 --> 00:47:31,240
That's what it's about. 
He provides energy services for 

845
00:47:31,240 --> 00:47:34,040
Bitcoin miners. 
So, bit Betro, why don't you go 

846
00:47:34,200 --> 00:47:36,880
when you go down a little bit 
about what that means, right? 

847
00:47:36,880 --> 00:47:41,440
Because like and I and I and I 
pick the, I pick the subjects in

848
00:47:41,440 --> 00:47:43,600
the numbers segment on purpose, 
right? 

849
00:47:43,600 --> 00:47:46,920
In regards to all these nation 
states mining Bitcoin using 

850
00:47:46,920 --> 00:47:50,680
different energy methods. 
Some were using hydro, some were

851
00:47:50,680 --> 00:47:54,040
using geothermal, some were 
using natural gas. 

852
00:47:54,040 --> 00:47:58,360
So, Bitpetro, it's all yours. 
Yeah. 

853
00:47:58,360 --> 00:48:01,800
So first I want to plug 
tomorrow's event because it's in

854
00:48:01,800 --> 00:48:06,920
person and I I really want to 
focus on that, that type of 

855
00:48:08,920 --> 00:48:11,040
approach. 
So I. 

856
00:48:11,680 --> 00:48:17,000
So let's start, let's start with
that before we get into into 

857
00:48:17,000 --> 00:48:20,160
your into the energy service 
that you provided to mining 

858
00:48:20,160 --> 00:48:21,920
companies. 
So yes, you're a host team. 

859
00:48:22,160 --> 00:48:23,320
It's very tight. 
It's it's. 

860
00:48:23,440 --> 00:48:25,240
They're all one and the same. 
OK. 

861
00:48:25,320 --> 00:48:26,760
Yeah. 
Yeah. 

862
00:48:26,800 --> 00:48:32,880
So, so as part of what I do, I, 
I I try to do like very in 

863
00:48:32,880 --> 00:48:37,600
person events to to touch it, 
feel it tasted right. 

864
00:48:38,560 --> 00:48:41,840
So I run the Fort Worth Bitcoin 
meet up it's called for Bitcoin.

865
00:48:42,200 --> 00:48:46,680
As part of for Bitcoin I do 
education for the energy 

866
00:48:46,680 --> 00:48:52,280
industry from energy industry 
individuals to energy industry 

867
00:48:52,280 --> 00:48:55,000
individuals. 
So we are talking Bitcoin, but 

868
00:48:55,000 --> 00:48:56,400
we are talking in their 
language. 

869
00:48:56,760 --> 00:49:00,800
And so tomorrow's event is the 
4th one of these that we hosted,

870
00:49:00,800 --> 00:49:06,560
the Petroleum Club. 
I bring, you know, a sponsor, I 

871
00:49:06,560 --> 00:49:12,240
bring a panel and usually a 
pretty awesome moderator and and

872
00:49:12,240 --> 00:49:14,880
we get to talk about the real 
world application of Bitcoin 

873
00:49:14,880 --> 00:49:19,080
mining and Bitcoin lightning and
Bitcoin transactions and Bitcoin

874
00:49:19,880 --> 00:49:25,160
as a store of value for these 
energy industries and energy 

875
00:49:26,320 --> 00:49:28,520
components. 
Because there is upstream, 

876
00:49:28,520 --> 00:49:30,920
there's midstream and there's 
downstream and there are 

877
00:49:30,920 --> 00:49:34,160
different applications for 
Bitcoin for each one of those 

878
00:49:34,160 --> 00:49:37,440
sectors. 
So this is about kind of 

879
00:49:38,280 --> 00:49:41,920
spreading the orange pills from 
within because full bellies are 

880
00:49:41,920 --> 00:49:46,000
open ears. 
And so if you come in and you 

881
00:49:46,000 --> 00:49:49,440
are a member of the petroleum 
club, you don't pay anything, 

882
00:49:49,440 --> 00:49:52,160
you just attend for free. 
And so that's really the goal is

883
00:49:52,160 --> 00:49:57,000
to to bounce this lunch around 
different petroleum clubs in the

884
00:49:57,000 --> 00:50:02,560
state of Texas and and get to 
the mid level like you know 

885
00:50:02,760 --> 00:50:06,520
managers and and engineers and 
and really teach them the 

886
00:50:06,520 --> 00:50:09,400
application level so that they 
can take it up and give that 

887
00:50:09,400 --> 00:50:12,480
executive guy the, the grandiose
idea that he's going to solve 

888
00:50:12,800 --> 00:50:18,520
his company's financial troubles
by monetizing is stranded gas. 

889
00:50:21,360 --> 00:50:23,560
Got you. 
Did we lose Chris? 

890
00:50:24,560 --> 00:50:27,520
I think we lost Chris. 
Oh, I'll be right back. 

891
00:50:28,280 --> 00:50:32,560
OK, interesting. 
And let for for the for anyone 

892
00:50:32,560 --> 00:50:36,320
who's not in the know. 
By the way, the event is July, 

893
00:50:36,320 --> 00:50:39,200
May 16th, 2024. 
So it's tomorrow. 

894
00:50:39,800 --> 00:50:43,480
It's tomorrow. 
Yeah, it starts at 11:30 AM. 

895
00:50:43,520 --> 00:50:46,880
It's gonna be at the Patrolling 
Club of Fort Worth or Fort Worth

896
00:50:46,960 --> 00:50:50,800
at 777 Main St. 
Fort Worth, TX. 

897
00:50:51,520 --> 00:50:54,000
You wanna get your tickets? 
Obviously, I'm gonna put the 

898
00:50:54,000 --> 00:50:58,960
link by the way to this event in
the live chat so you guys could 

899
00:50:59,200 --> 00:51:00,960
check it out. 
If you guys are in Fort Worth 

900
00:51:00,960 --> 00:51:04,160
into this meet up. 
OK, So what type of people are 

901
00:51:04,160 --> 00:51:06,320
gonna be there? 
Depetro. 

902
00:51:06,320 --> 00:51:08,200
Like what? 
You know, Like who? 

903
00:51:08,200 --> 00:51:11,200
Who do you have in mind? 
Like like who who. 

904
00:51:11,200 --> 00:51:16,360
Like for example, if you have no
background whatsoever in, you 

905
00:51:16,360 --> 00:51:19,440
know, in mining and energy and 
any of this stuff, is this an 

906
00:51:19,440 --> 00:51:21,280
event you'd wanna you wanna go 
to? 

907
00:51:22,000 --> 00:51:24,440
Yeah, absolutely. 
I mean the the again, the target

908
00:51:24,440 --> 00:51:27,720
audience for me is not the 
bitcoiners that are buying 

909
00:51:27,720 --> 00:51:30,200
tickets that that's those are 
the nice to have people. 

910
00:51:30,520 --> 00:51:33,840
The target audience is those 
members of the Petroleum Club 

911
00:51:33,840 --> 00:51:38,760
that are normal attendees who 
are typically going to, you 

912
00:51:38,760 --> 00:51:41,720
know, they're going to be going 
to this place anyway. 

913
00:51:41,720 --> 00:51:44,040
This is a social gathering spot 
for them. 

914
00:51:44,880 --> 00:51:48,920
They're used to making 
continuing education courses at 

915
00:51:48,920 --> 00:51:54,120
these events and so we're 
targeting them because we want 

916
00:51:54,120 --> 00:51:58,160
to educate them. 
Now that gives us a much broader

917
00:51:58,160 --> 00:52:01,440
platform because the Petroleum 
Club is also tied to a lot of 

918
00:52:01,440 --> 00:52:06,240
banking, a lot of PE firms, a 
lot of attorney firms. 

919
00:52:06,240 --> 00:52:09,960
And so we we are covering a very
wide spectrum of professionals 

920
00:52:09,960 --> 00:52:15,560
in the energy industry. 
I also, because my job in the in

921
00:52:15,560 --> 00:52:19,800
in the energy space also ties to
land acquisitions and power 

922
00:52:19,800 --> 00:52:23,800
acquisitions for Bitcoin miners.
I also have ties to utilities 

923
00:52:23,800 --> 00:52:28,240
that I'm bringing to these 
meetings as well as ties to 

924
00:52:28,320 --> 00:52:31,720
energy brokers and other 
components of the electric 

925
00:52:31,800 --> 00:52:35,080
energy network side of life, not
just the oil and gas energy 

926
00:52:35,080 --> 00:52:38,400
network side of life. 
And and you know, finally we 

927
00:52:38,400 --> 00:52:41,800
have you know the actual 
operators that are either the 

928
00:52:41,800 --> 00:52:45,080
miners or the oil and gas 
companies that are that are 

929
00:52:45,160 --> 00:52:47,640
attending these events. 
So in the case of a miner, it 

930
00:52:47,640 --> 00:52:52,440
might be you know like Chris 
Alfano 360 Mining, he's going to

931
00:52:52,440 --> 00:52:56,200
be one of our speakers, Dan 
Morrison Amalgamated Sludge, 

932
00:52:56,200 --> 00:52:59,680
another one of our speakers, 
they both mine Bitcoin with oil 

933
00:52:59,680 --> 00:53:04,440
and gas actively do this. 
And so Jay Corley, my man from 

934
00:53:04,440 --> 00:53:08,320
from Digital Wildcatters is 
going to be hosting actually 

935
00:53:08,560 --> 00:53:13,160
moderating the of the panel. 
So we we're all oil and gas 

936
00:53:13,560 --> 00:53:18,880
people, but we're we're trying 
to speak to our own audience, 

937
00:53:18,880 --> 00:53:21,600
you know the the guys in the 
room that are bitcoiners as well

938
00:53:21,600 --> 00:53:25,680
as kind kind of trying to keep 
the language at a place where 

939
00:53:25,680 --> 00:53:27,680
it's accessible to the oil and 
gas guys. 

940
00:53:27,680 --> 00:53:31,360
So you know we're not going to 
talk about block height and 

941
00:53:31,360 --> 00:53:33,360
we're not going to talk about 
hashing algorithms. 

942
00:53:33,360 --> 00:53:36,320
We're going to talk about 
dollars per MCF and we're going 

943
00:53:36,320 --> 00:53:40,440
to talk about timelines to 
deploy and and and bottom line 

944
00:53:40,480 --> 00:53:42,080
economics. 
Awesome. 

945
00:53:42,120 --> 00:53:42,760
Awesome. 
Yeah. 

946
00:53:42,760 --> 00:53:47,000
No, this is, this is very, very,
very cool stuff. 

947
00:53:47,480 --> 00:53:51,880
And you know, damn, bro, I wish 
I was in oh man, I can't be two 

948
00:53:51,880 --> 00:53:53,840
places at the same time, 
unfortunately. 

949
00:53:53,840 --> 00:53:56,440
But this is definitely something
that I don't I want to go to. 

950
00:53:56,440 --> 00:53:59,320
I just, I want exposure. 
I got into the industry via 

951
00:53:59,320 --> 00:54:02,840
mining and then I transitioned 
to media around 2020. 

952
00:54:04,000 --> 00:54:05,640
Wish I stayed. 
There's a part of me that I wish

953
00:54:05,640 --> 00:54:11,080
I stayed in mining media is very
media is very satisfying once 

954
00:54:11,080 --> 00:54:14,320
you build a base, but building 
the base is horrific 'cause you 

955
00:54:14,320 --> 00:54:16,000
don't make any money for two 
years. 

956
00:54:16,760 --> 00:54:19,320
Whereas mining, you know, it's 
not necessarily that you'll 

957
00:54:19,320 --> 00:54:21,040
break. 
It's not, it's not necessarily 

958
00:54:21,040 --> 00:54:23,360
true that you'll break even very
quickly, but at least you have 

959
00:54:23,360 --> 00:54:28,040
the cash flow coming in and it's
very, it's very interesting 

960
00:54:28,040 --> 00:54:31,360
sector that you know, I wish I 
was still still a little bit 

961
00:54:31,360 --> 00:54:33,200
more involved in. 
OK. 

962
00:54:33,400 --> 00:54:37,760
So you say that you provide 
energy services for Bitcoin 

963
00:54:37,760 --> 00:54:40,640
miners. 
Can you talk a little bit about 

964
00:54:40,640 --> 00:54:42,920
that? 
Like, So what would be your 

965
00:54:42,920 --> 00:54:46,200
traditional client? 
Is this an oil and gas company? 

966
00:54:46,440 --> 00:54:49,720
Is this a Bitcoin miner that 
doesn't know an oil and gas 

967
00:54:49,720 --> 00:54:52,160
company? 
Are you just like the guy that 

968
00:54:52,160 --> 00:54:55,800
knows the guy that knows the guy
that knows the guy that connects

969
00:54:55,800 --> 00:54:58,240
this guy with this guy and then 
that guy with that guy? 

970
00:54:59,200 --> 00:55:00,960
What, what, what? 
What is this exactly? 

971
00:55:01,880 --> 00:55:03,920
Yeah. 
So in the world of oil and gas, 

972
00:55:03,920 --> 00:55:08,200
my my job is considered a Vice 
President of land and that 

973
00:55:08,200 --> 00:55:14,000
entails doing title research to 
determine the ownership of the 

974
00:55:14,000 --> 00:55:18,200
mineral estate, not just the the
surface estate. 

975
00:55:19,240 --> 00:55:24,120
And so acquiring the property, 
identifying the property where 

976
00:55:26,360 --> 00:55:30,080
an oil and gas company would 
want to drill a well, say either

977
00:55:30,080 --> 00:55:35,840
through geology and geophysics. 
When you are doing statistical 

978
00:55:35,840 --> 00:55:39,280
analysis like mapping and and 
you're trying to reduce that 

979
00:55:39,280 --> 00:55:42,680
down to a single number, you're 
essentially making heat maps. 

980
00:55:42,960 --> 00:55:46,080
And so part of my services is 
taking the knowledge that I've 

981
00:55:46,680 --> 00:55:53,160
I've gotten from mapping and 
using big data and analytics to 

982
00:55:53,160 --> 00:55:55,520
create heat maps for oil and 
gas. 

983
00:55:55,760 --> 00:55:59,320
Now I can do that for Bitcoin 
miners and the grid. 

984
00:55:59,480 --> 00:56:03,680
And So what I can do is I can 
say, let's find the pieces of 

985
00:56:03,680 --> 00:56:09,520
land that are cheap, that are 
next to substations where the 

986
00:56:09,520 --> 00:56:15,280
substation is far enough away 
from a from people, but close 

987
00:56:15,280 --> 00:56:17,440
enough to a power generation 
facility. 

988
00:56:17,440 --> 00:56:20,920
And so we'll break that down 
into individual heat maps, and 

989
00:56:20,920 --> 00:56:24,080
then we stack heat maps, and 
then I like to call it the 

990
00:56:24,160 --> 00:56:26,920
orange brick road. 
I love it, man. 

991
00:56:26,920 --> 00:56:28,800
Dude. 
OK, so you're you're speaking 

992
00:56:28,800 --> 00:56:31,760
about maps. 
Maybe I'm going to totally 

993
00:56:32,640 --> 00:56:35,240
butcher this, but is this what 
you're referencing? 

994
00:56:36,200 --> 00:56:38,840
That's that is one of the maps 
that I make. 

995
00:56:39,440 --> 00:56:41,080
That is, what are we? 
Look, What are we? 

996
00:56:41,080 --> 00:56:44,520
Looking at Dude right now. 
OK, so I I didn't say like, why?

997
00:56:44,520 --> 00:56:46,840
Why is Florida green? 
All right, What do you have 

998
00:56:46,840 --> 00:56:48,600
against Florida, bro? 
Why? 

999
00:56:48,600 --> 00:56:51,160
Is those are Isos? 
OK, those are Isos. 

1000
00:56:51,160 --> 00:56:54,560
Those are. 
So those are your electric grids

1001
00:56:54,560 --> 00:56:58,440
in the United States. 
OK, and and so and. 

1002
00:56:58,440 --> 00:57:00,600
Why would someone use this map? 
Like what would be? 

1003
00:57:00,600 --> 00:57:01,960
What would it be useful for? 
And the. 

1004
00:57:02,240 --> 00:57:04,560
As you as you slow these, hang 
on, hang on, hang on, hang on. 

1005
00:57:04,920 --> 00:57:06,200
You're going too fast. 
You're going too fast. 

1006
00:57:06,200 --> 00:57:07,800
You got to slow it. 
Slow it down. 

1007
00:57:07,840 --> 00:57:11,120
Yeah. 
So the the the map is showing 

1008
00:57:11,120 --> 00:57:15,120
you a smorgasbord. 
And what it is, is all of the 

1009
00:57:15,120 --> 00:57:17,960
utility data for the United 
States energy grid. 

1010
00:57:18,520 --> 00:57:22,840
Now I am parsing a fair amount 
of it because of security 

1011
00:57:22,840 --> 00:57:27,280
reasons, but but at the end of 
the day what you're looking at 

1012
00:57:27,280 --> 00:57:32,000
is every electric network, every
pipeline, every power line, 

1013
00:57:32,400 --> 00:57:37,480
every power station by size. 
So the symbol on the left hand 

1014
00:57:37,480 --> 00:57:40,120
side, you see the chart, you go 
over to the chart and Scroll 

1015
00:57:40,120 --> 00:57:41,840
down a little bit, you can see 
the megawatts. 

1016
00:57:42,120 --> 00:57:45,000
And so the bigger the solar 
farm, the bigger the symbol for 

1017
00:57:45,000 --> 00:57:47,560
the solar farm, the bigger the 
wind farm, the bigger the symbol

1018
00:57:47,560 --> 00:57:51,880
for the wind farm. 
And so then the the power lines 

1019
00:57:51,880 --> 00:57:54,360
are then the different colors 
and that gives you the different

1020
00:57:54,640 --> 00:57:57,440
size of power lines, 
transmission distribution and 

1021
00:57:57,440 --> 00:57:59,360
whatever the same thing for the 
pipeline. 

1022
00:57:59,360 --> 00:58:01,720
So that all that shit that you 
see offshore right there, that's

1023
00:58:01,760 --> 00:58:06,000
all natural gas and liquid 
pipelines that are coming off it

1024
00:58:06,000 --> 00:58:11,760
from the from the Gulf Coast of 
Mexico into Louisiana and Texas 

1025
00:58:11,760 --> 00:58:14,160
for refinement? 
Mika's just jealous that 

1026
00:58:14,160 --> 00:58:20,480
Florida's green and not orange. 
Now, there is a ton going on 

1027
00:58:20,480 --> 00:58:21,960
here, as you can see. 
One of the things that I'm 

1028
00:58:21,960 --> 00:58:25,160
showing you there is heat maps. 
If you zoom out right to about 

1029
00:58:25,160 --> 00:58:28,120
where you can see Texas and 
Florida together, you're gonna 

1030
00:58:28,120 --> 00:58:30,720
see a density towards the 
northeast. 

1031
00:58:30,720 --> 00:58:34,360
If you just scroll up towards 
the northeast, right, like that 

1032
00:58:34,880 --> 00:58:38,360
density up there, that's because
there's a lot more power plants 

1033
00:58:38,360 --> 00:58:42,360
up there because that is the 
the, the need for power from 

1034
00:58:42,360 --> 00:58:46,800
those large metro areas, right. 
And So what you're doing there 

1035
00:58:46,800 --> 00:58:49,920
is you're saying okay, where 
there is a lot of power being 

1036
00:58:49,920 --> 00:58:52,760
produced, we're going to light 
that up and we're going to say 

1037
00:58:52,960 --> 00:58:56,520
that's a heat map. 
Now I can take that heat map 

1038
00:58:56,520 --> 00:59:01,040
approach and give it to any 
specific number. 

1039
00:59:01,240 --> 00:59:06,960
Now, that could be, say, the 
porosity of a of a field or a 

1040
00:59:06,960 --> 00:59:09,080
reservoir. 
It could be the permeability of 

1041
00:59:09,080 --> 00:59:12,800
a reservoir. 
It could be the elevation of the

1042
00:59:12,800 --> 00:59:16,000
reservoir. 
It could also be the distance 

1043
00:59:16,000 --> 00:59:20,400
from the power plant to the 
substation, or it could also be 

1044
00:59:20,400 --> 00:59:23,440
the distance of the power plant 
to the substation minus the 

1045
00:59:23,440 --> 00:59:27,360
distance of that substation to a
population density. 

1046
00:59:28,640 --> 00:59:33,080
So I'm assuming that this is 
useful for if you're scouting 

1047
00:59:33,080 --> 00:59:36,160
for miners, right? 
Sorry, Scouting for potential, 

1048
00:59:37,400 --> 00:59:40,840
you know potential sites is Is 
this what this is useful for? 

1049
00:59:40,960 --> 00:59:45,360
This is this is a prospecting 
tool that I have built that that

1050
00:59:45,360 --> 00:59:49,360
basically allows you to prospect
for the best mining sites in the

1051
00:59:49,520 --> 00:59:52,440
lower 48. 
Dude, I'm just in my head. 

1052
00:59:52,440 --> 00:59:53,040
I'm. 
I'm. 

1053
00:59:53,040 --> 00:59:58,440
I feel like I'm I'm I'm becoming
Daniel Plainview from you know 

1054
00:59:58,440 --> 01:00:02,360
there will be blood drink your 
milkshake And I'm just. 

1055
01:00:02,480 --> 01:00:05,680
I will drink your milkshake. 
Yeah, exactly. 

1056
01:00:05,680 --> 01:00:07,040
I'm just like. 
One of my heroes. 

1057
01:00:08,040 --> 01:00:11,360
Of course he is. 
So you know and I'm and I'm just

1058
01:00:11,360 --> 01:00:13,880
like looking at this and I'm 
like wow, dude, like there 

1059
01:00:13,920 --> 01:00:16,800
there's a lot of opportunities 
there's a lot of things that I. 

1060
01:00:16,800 --> 01:00:19,200
Take your milkshake and I drink 
it up. 

1061
01:00:20,400 --> 01:00:23,360
There's a lot of opportunities 
that have yet to be tapped. 

1062
01:00:23,360 --> 01:00:26,000
Is that, is that correct? 
Would be that be a correct 

1063
01:00:26,000 --> 01:00:30,160
assumption to make? 
Yeah, look, at the end of the 

1064
01:00:30,160 --> 01:00:37,120
day, the, the name of the game 
here is that, you know, there is

1065
01:00:38,400 --> 01:00:43,880
in the world of oil and gas, 
there is the production of oil, 

1066
01:00:44,680 --> 01:00:49,080
gas and water. 
Now that gas is going to come in

1067
01:00:49,080 --> 01:00:51,600
different forms. 
It's going to come in liquid 

1068
01:00:51,600 --> 01:00:58,600
forms and it's going to come in 
gaseous or or mixed hydrocarbon 

1069
01:00:58,600 --> 01:00:59,400
forms. 
What do I mean? 

1070
01:00:59,400 --> 01:01:02,160
I mean like longer chains of 
hydrocarbons. 

1071
01:01:02,160 --> 01:01:06,360
So you have your hectane 
heptanes and your octanes versus

1072
01:01:06,360 --> 01:01:09,600
your hexanes which are your 
really small ones, your 6 carbon

1073
01:01:09,600 --> 01:01:14,400
chains. 
And so when you are producing 

1074
01:01:14,400 --> 01:01:20,360
this stack of things that that 
can look like, you know, green 

1075
01:01:20,360 --> 01:01:24,400
to brown liquidy stuff all the 
way to just completely crystal 

1076
01:01:24,400 --> 01:01:29,560
clear liquid to a natural gas 
stream, all of that stuff can 

1077
01:01:29,560 --> 01:01:32,640
come out of one well including 
water. 

1078
01:01:33,320 --> 01:01:36,640
And so you have to separate 
these elements out and then you 

1079
01:01:36,640 --> 01:01:40,600
are selling the liquids for a 
higher price than the gas. 

1080
01:01:40,600 --> 01:01:44,920
And so for an oil company that 
roughly equates about 80% of the

1081
01:01:44,920 --> 01:01:47,640
profits are in liquids, 20% of 
the profits are in the gas. 

1082
01:01:47,880 --> 01:01:52,000
Gas is a problem, OK, unless 
you're a pureplay gas company 

1083
01:01:52,360 --> 01:01:57,120
which makes you interesting and 
and then you're typically 

1084
01:01:57,160 --> 01:02:00,680
looking at a company that is 
making the majority of its of 

1085
01:02:00,680 --> 01:02:05,520
its income through the liquid 
sales side of their operations. 

1086
01:02:06,000 --> 01:02:13,120
And so from a larger play in 
larger basin or like we're not 

1087
01:02:13,120 --> 01:02:15,560
talking about an individual 
well, but we're talking about 

1088
01:02:15,560 --> 01:02:20,280
like the Barnett Shale or the 
Permian Basin. 

1089
01:02:21,680 --> 01:02:25,480
What happens is you develop the 
really oily stuff first. 

1090
01:02:25,680 --> 01:02:27,960
So if you think of a bullseye, 
we're going to go for the, we're

1091
01:02:27,960 --> 01:02:31,040
going to go for the bullseye 
first because that's liquid 1st.

1092
01:02:31,400 --> 01:02:36,320
And as we go out in prospect 
areas, we are basically getting 

1093
01:02:37,320 --> 01:02:42,320
more and more gassy zones. 
And so the gas to the oil ratio 

1094
01:02:42,320 --> 01:02:46,960
of that of that production goes 
higher and higher and higher to 

1095
01:02:46,960 --> 01:02:53,160
a gas associated with the oil. 
So especially when we went from 

1096
01:02:53,160 --> 01:02:57,080
traditional reservoirs to the 
shale revolution, this is true. 

1097
01:02:57,400 --> 01:03:01,720
Like, especially true. 
And so the United States has 

1098
01:03:01,720 --> 01:03:06,000
become the world's top exporter 
of energy thanks to this shale 

1099
01:03:06,000 --> 01:03:09,320
revolution. 
And in it we have given 

1100
01:03:09,320 --> 01:03:14,840
ourselves this access to 
abundant, cheap, clean natural 

1101
01:03:14,840 --> 01:03:18,920
gas as an energy source. 
The issue is that is not how 

1102
01:03:18,920 --> 01:03:22,280
it's perceived. 
And so we burn it. 

1103
01:03:22,600 --> 01:03:24,920
And I literally mean we combust 
it. 

1104
01:03:26,440 --> 01:03:32,280
In some cases we vent it and and
these are normal practices. 

1105
01:03:32,280 --> 01:03:35,800
There's nothing new about this 
like at A at a tank battery like

1106
01:03:35,800 --> 01:03:38,560
one of the companies that that 
that I was involved in and that 

1107
01:03:38,560 --> 01:03:43,560
I still kind of currently run is
a detection company that does 

1108
01:03:43,840 --> 01:03:47,800
optical gas imaging. 
And So what that means is it 

1109
01:03:47,800 --> 01:03:52,120
looks at the absorption of 
energy from the air of the 

1110
01:03:52,120 --> 01:03:54,800
molecules and it can see the 
invisible gas stream. 

1111
01:03:55,680 --> 01:04:03,960
And and every single oil and gas
tank like a storage tank for for

1112
01:04:03,960 --> 01:04:10,480
oil that holds oil is going to 
let off gas and and it does this

1113
01:04:10,480 --> 01:04:12,920
because there's gas suspended in
that oil. 

1114
01:04:13,200 --> 01:04:16,880
And so in order to not have a 
bomb, you have to have a little 

1115
01:04:16,880 --> 01:04:23,480
hatch that goes farts and farts.
And so that farting is really 

1116
01:04:23,480 --> 01:04:26,040
important to oil gas. 
Like you would have bombs if you

1117
01:04:26,040 --> 01:04:29,120
didn't have that farting. 
And so you have that associated 

1118
01:04:29,120 --> 01:04:33,040
natural gas leakage that you 
have across just everything. 

1119
01:04:33,280 --> 01:04:37,120
And then you have the associated
production of flare gas, which 

1120
01:04:37,120 --> 01:04:43,200
is one part of the equation that
is more of I'm producing oil, 

1121
01:04:43,360 --> 01:04:47,480
there's not a pipeline nearby. 
I have to do something with the 

1122
01:04:47,480 --> 01:04:50,040
gas that comes with the oil 
because the more gas that I 

1123
01:04:50,040 --> 01:04:52,400
produce, the more oil that I 
produce and I want to make more 

1124
01:04:52,400 --> 01:04:54,280
money. 
And So what am I going to do, 

1125
01:04:55,200 --> 01:05:00,520
burn the gas because that's the 
easier way to to fix the problem

1126
01:05:00,520 --> 01:05:03,880
rather than bringing a big 
expensive pipeline that costs a 

1127
01:05:03,880 --> 01:05:07,920
lot of money to get the the 
right of ways to then put the 

1128
01:05:07,920 --> 01:05:10,880
pipeline in and then produce 
that for. 

1129
01:05:11,840 --> 01:05:14,720
I mean, if you guys have seen a 
shale production, well it's it's

1130
01:05:14,720 --> 01:05:19,320
not very sexy. 
It just kind of goes so for for 

1131
01:05:19,600 --> 01:05:24,160
the production of that well, 
you're going to try to get the 

1132
01:05:24,160 --> 01:05:25,560
majority of that production 
upfront. 

1133
01:05:25,880 --> 01:05:28,920
For a pipeline company that 
means they're going to have very

1134
01:05:28,920 --> 01:05:32,480
little use long term for that 
asset and they're not going to 

1135
01:05:32,480 --> 01:05:37,400
do it. 
So here comes Bitcoin and it 

1136
01:05:37,400 --> 01:05:39,040
says I don't care, give it to 
me. 

1137
01:05:39,440 --> 01:05:41,000
Amen to that. 
Amen, man. 

1138
01:05:41,160 --> 01:05:43,200
Bitcoin. 
Bitcoin is Daniel Plainview. 

1139
01:05:43,800 --> 01:05:46,880
Anyways, guys, we are getting to
the top of the hour. 

1140
01:05:46,880 --> 01:05:49,480
I do want to thank our guest 
bid. 

1141
01:05:49,480 --> 01:05:51,440
Betro, thank you so much for 
joining us today. 

1142
01:05:51,440 --> 01:05:53,280
I really, really appreciate it. 
Why don't you tell everybody 

1143
01:05:53,280 --> 01:05:54,760
where they can find you on the 
interwebs? 

1144
01:05:56,120 --> 01:05:58,200
Yeah, bit Petro dot App is my 
website. 

1145
01:05:59,640 --> 01:06:02,800
You know tomorrow please come 
out to the meet up for Bitcoin 

1146
01:06:03,200 --> 01:06:08,800
is the name of the meet up and 
the Fort Worth Petroleum Club is

1147
01:06:09,120 --> 01:06:13,600
where we're hosting it. 
Our meet up is every third 

1148
01:06:13,600 --> 01:06:18,480
Tuesday of the month here in 
Fort Worth and then these try to

1149
01:06:18,480 --> 01:06:22,440
be more focused around the 
moving them around the state and

1150
01:06:22,440 --> 01:06:24,600
educating the oil and gas 
industry from within. 

1151
01:06:25,360 --> 01:06:26,640
Beautiful, beautiful. 
Beautiful. 

1152
01:06:26,880 --> 01:06:28,880
Well, dude, thank you so much 
for joining us, man. 

1153
01:06:28,880 --> 01:06:32,000
Really, really appreciate it. 
Keep up the good fight. 

1154
01:06:32,000 --> 01:06:35,320
Keep up what you're doing. 
You know, energy and Bitcoin are

1155
01:06:35,320 --> 01:06:38,720
a match made in heaven. 
I also want to thank my Co host 

1156
01:06:38,720 --> 01:06:41,880
today, Chris Alamo, thank you so
much for filling in for Opti. 

1157
01:06:41,880 --> 01:06:43,440
Chris, why don't you tell 
everybody where they can find 

1158
01:06:43,440 --> 01:06:44,960
where people could find you on 
the interwebs? 

1159
01:06:45,240 --> 01:06:48,200
Yeah, you can find me at Noster,
you know my Nip 5. 

1160
01:06:48,200 --> 01:06:51,440
Or you can just find me at Chris
Alamo on there or on Twitter at 

1161
01:06:51,440 --> 01:06:53,280
Chris Alamo and then the number 
six. 

1162
01:06:53,280 --> 01:06:56,360
So stay on the good fight, Stay 
humble. 

1163
01:06:56,360 --> 01:06:57,640
Stacks at. 
Beautiful. 

1164
01:06:57,640 --> 01:06:59,280
Beautiful. 
All right, guys, that was our 

1165
01:06:59,280 --> 01:07:00,600
show. 
If you enjoyed the show, you 

1166
01:07:00,600 --> 01:07:02,200
know what to do. 
Smash that, like, but consider 

1167
01:07:02,200 --> 01:07:04,240
subscribing if you feel like we 
provided you value. 

1168
01:07:04,240 --> 01:07:06,040
But the number one thing you 
could do to help push the 

1169
01:07:06,040 --> 01:07:08,720
peaceful Bitcoin revolution is 
share Bitcoin content. 

1170
01:07:08,720 --> 01:07:10,480
Just get the message out there. 
Love you all. 

1171
01:07:10,480 --> 01:07:13,440
We'll be streaming live from the
Canadian Bitcoin Conference 

1172
01:07:13,520 --> 01:07:16,200
either. 
Maybe we'll have it set up for 

1173
01:07:16,200 --> 01:07:18,920
you guys tomorrow, so we'll be 
streaming from the conference. 

1174
01:07:19,480 --> 01:07:23,040
But Friday for sure. 
But until then, guys, sit back, 

1175
01:07:23,040 --> 01:07:25,880
relax, stack some sats and love 
you all. 

1176
01:07:25,880 --> 01:07:27,440
We'll be back tomorrow. 
Peace out, everybody. 

1177
01:07:29,000 --> 01:07:32,880
Episode was brought to you by 
bitcoinwell.com on a mission to 

1178
01:07:32,880 --> 01:07:34,200
enable independence.