1 00:00:01,600 --> 00:00:04,760 In my 8 years in Bitcoin, I never thought I would hear a 2 00:00:04,840 --> 00:00:08,520 central banker admit what Jerome Powell just said about the 3 00:00:08,520 --> 00:00:12,040 global monetary system. And we want you guys to pay 4 00:00:12,040 --> 00:00:16,000 close attention to what Jay Powell says in this clip because 5 00:00:16,000 --> 00:00:19,560 this speech not only confirms what the Trump's literally said 6 00:00:19,560 --> 00:00:23,880 this morning, but it also I think gives us insight into 7 00:00:23,880 --> 00:00:28,160 where Bitcoin is going into the future and also prepare you 8 00:00:28,160 --> 00:00:29,960 guys. It is a little dry and we'll 9 00:00:30,040 --> 00:00:31,320 we'll break it down on the flip side. 10 00:00:32,360 --> 00:00:36,400 Ted emerged from World War 2 as a global economic superpower. 11 00:00:37,200 --> 00:00:40,320 The Bretton Woods Agreement placed the US and the Fed in a 12 00:00:40,320 --> 00:00:42,480 central position in the global economy. 13 00:00:43,440 --> 00:00:46,600 Our mission then, as it is now, was to serve the American. 14 00:00:46,600 --> 00:00:49,960 People. But it was clear at that moment 15 00:00:49,960 --> 00:00:52,560 that the Fed needed to have better knowledge of global 16 00:00:52,640 --> 00:00:55,560 global developments to achieve our dual mandate goals. 17 00:00:57,400 --> 00:01:01,840 A 1948 memo proposing to create the division stated, quoting 18 00:01:02,400 --> 00:01:04,840 Problems of international economics and finance have 19 00:01:04,840 --> 00:01:08,000 become increasingly large, complex and significant in 20 00:01:08,000 --> 00:01:11,480 recent years, and our foreign economic relations will 21 00:01:11,480 --> 00:01:14,840 undoubtedly continue to give rise to issues of the first 22 00:01:15,120 --> 00:01:18,200 magnitude. That rare economic forecast that 23 00:01:18,200 --> 00:01:22,280 has turned out to be spot on 75 years later. 24 00:01:22,280 --> 00:01:25,440 It remains critical that the Fed understand the policies and 25 00:01:25,440 --> 00:01:28,920 practices of other governments and central banks and their 26 00:01:28,920 --> 00:01:32,200 implications for the US economy and for financial markets. 27 00:01:33,240 --> 00:01:36,440 Exchange rate policy, of course, is now firmly in the hands of 28 00:01:36,440 --> 00:01:39,800 the US Treasury. However, the end of the Bretton 29 00:01:39,800 --> 00:01:43,440 Woods era in the 1970s fundamentally changed the 30 00:01:43,440 --> 00:01:47,440 conduct of monetary policy, as policy makers had to understand 31 00:01:47,440 --> 00:01:50,280 the effects of potentially more volatile movements of the US 32 00:01:50,280 --> 00:01:52,920 dollar on American families and businesses. 33 00:01:54,320 --> 00:01:57,720 Understanding global trade and capital movements has only grown 34 00:01:57,720 --> 00:02:03,560 in importance since 1950. All right, guys. 35 00:02:03,600 --> 00:02:08,600 Did you catch that? Did you catch what he just said? 36 00:02:08,600 --> 00:02:10,560 Remember one of our favorite websites? 37 00:02:10,560 --> 00:02:14,400 WTF happened in 1971? Big corners have been talking 38 00:02:14,400 --> 00:02:16,840 about this for a long, long time. 39 00:02:17,080 --> 00:02:21,400 And now we have Jay Powell, who was supposedly going to resign 40 00:02:21,400 --> 00:02:23,440 yesterday. You know, everyone's wondering 41 00:02:23,440 --> 00:02:26,760 whether he's going to raise rates, cut rates, What are they 42 00:02:26,760 --> 00:02:29,240 doing over at the Fed? Well, he came out with this 43 00:02:29,240 --> 00:02:32,800 speech yesterday, didn't talk anything about cutting rates or 44 00:02:32,800 --> 00:02:38,160 raising rates or any of that. He literally dropped a WTF 45 00:02:38,160 --> 00:02:41,640 happened in 1971. Now, kind of breaking this all 46 00:02:41,640 --> 00:02:45,240 down, very interesting things we've been seeing from not only 47 00:02:45,240 --> 00:02:48,760 Jay Powell but Donald Trump. Remember a couple weeks ago we 48 00:02:48,760 --> 00:02:52,560 talked about Donald Trump mentioning the year 1913 with 49 00:02:52,560 --> 00:02:56,880 his funny and and kind of hilarious take of no one knows 50 00:02:56,880 --> 00:02:59,840 what happened in 1913, but it changed everything. 51 00:03:00,000 --> 00:03:02,240 Well, us bitcoiners know what happened, of course, the 52 00:03:02,240 --> 00:03:06,480 creation of the Federal Reserve. And now we have the chairman of 53 00:03:06,480 --> 00:03:10,080 the Federal Reserve mentioning 1970. 54 00:03:10,360 --> 00:03:14,160 Wow, you did it. And what is the importance of 55 00:03:14,160 --> 00:03:16,080 this? Of course, if you're a 56 00:03:16,080 --> 00:03:18,920 bitcoiner, if you understand monetary history, you know the 57 00:03:18,920 --> 00:03:21,560 importance of 1971. That's when Nixon took us off 58 00:03:21,560 --> 00:03:24,000 the Gold Center. That's when we fully dove 59 00:03:24,000 --> 00:03:27,480 straight into a totally Fiat paper system. 60 00:03:27,800 --> 00:03:30,960 And now we have the chairman of the Federal Reserve essentially 61 00:03:30,960 --> 00:03:35,760 saying, well, you know, guys, in 1970s something fundamentally 62 00:03:35,760 --> 00:03:39,600 changed in the system and he didn't go all into it, but us 63 00:03:39,600 --> 00:03:41,280 Bitcoiners know what's going on here. 64 00:03:41,440 --> 00:03:45,280 He is mentioning the fact that we completely detached ourselves 65 00:03:45,280 --> 00:03:49,320 from reality and started to get on a paper money system. 66 00:03:49,520 --> 00:03:53,080 Now, the interesting part about this, of course, as a Bitcoiner, 67 00:03:53,480 --> 00:03:55,400 we understand where this is going. 68 00:03:55,640 --> 00:03:59,080 And, and what Jay Powell is saying, if you read between the 69 00:03:59,080 --> 00:04:02,960 lines, he's essentially and his job here in these speeches is to 70 00:04:02,960 --> 00:04:05,200 project where the Federal Reserve is going. 71 00:04:05,520 --> 00:04:08,480 They, you know, they speak in code here and they're 72 00:04:08,480 --> 00:04:12,240 essentially telling the markets, hey, look, we are acknowledging 73 00:04:12,240 --> 00:04:14,560 that there is a problem here. We're acknowledging that things 74 00:04:14,560 --> 00:04:17,680 are changing, that there might be a new monetary regime on the 75 00:04:17,680 --> 00:04:20,880 horizon. Of course, as bitcoiners were 76 00:04:20,880 --> 00:04:22,320 like, that's going to be Bitcoin. 77 00:04:22,320 --> 00:04:24,520 Bitcoin will become the world reserve currency. 78 00:04:24,760 --> 00:04:27,800 Now we even have Jay Powell kind of admitting, hey, things are 79 00:04:27,800 --> 00:04:31,120 going to have to change. Now, if you're a pure Fiat maxi, 80 00:04:31,400 --> 00:04:34,480 if you're a pure, you know, not a Bitcoiner here, you're 81 00:04:34,480 --> 00:04:37,160 probably hearing that and you're just thinking like, oh, maybe 82 00:04:37,160 --> 00:04:38,720 the Fed's going to just change intro. 83 00:04:39,000 --> 00:04:41,960 Maybe their, their target's no longer going to be 2%. 84 00:04:42,080 --> 00:04:45,800 Maybe it'll be 4%. Maybe the new interest rate, you 85 00:04:45,800 --> 00:04:50,240 know, default won't just be, you know, a low and Drake, maybe 86 00:04:50,240 --> 00:04:52,280 we're going to have to move this up and we're going to all have 87 00:04:52,280 --> 00:04:54,440 to adapt to this. But from a Bitcoiners 88 00:04:54,440 --> 00:04:58,360 perspective, what I'm hearing here is essentially him 89 00:04:58,360 --> 00:05:00,840 acknowledging what we've been saying on the show for a long 90 00:05:00,840 --> 00:05:02,760 time. Things are going to have to 91 00:05:02,760 --> 00:05:05,280 change. There is a new monetary regime 92 00:05:05,280 --> 00:05:08,240 on the horizon. And if you're not adapting to 93 00:05:08,240 --> 00:05:11,720 the game being played, and of course, Jay Powell is projecting 94 00:05:11,720 --> 00:05:14,360 what's to come, and if you aren't reading the room, you 95 00:05:14,360 --> 00:05:17,600 aren't looking at the horizon, then you might get caught with 96 00:05:17,600 --> 00:05:19,360 your pants down metaphorically here. 97 00:05:19,680 --> 00:05:22,680 And I think Jay Powell is being forced into a corner. 98 00:05:22,680 --> 00:05:25,800 Obviously, we've been hearing him, you know, go back and forth 99 00:05:25,800 --> 00:05:28,920 with Trump. He's still kind of trying to 100 00:05:28,920 --> 00:05:31,480 position himself in this power position. 101 00:05:31,720 --> 00:05:34,040 And as Bitcoiners are sitting over here on the sidelines, 102 00:05:34,040 --> 00:05:37,400 essentially like, hey, we know bitcoins taking over here. 103 00:05:37,400 --> 00:05:43,360 So I think it's very historic to hear Jay Powell talk about 1970. 104 00:05:43,360 --> 00:05:46,520 Obviously, 1971 is the big year here. 105 00:05:46,920 --> 00:05:49,720 And now we have the central banks acknowledging that that 106 00:05:49,720 --> 00:05:54,920 very specific date, because we all know this change when Nixon 107 00:05:54,920 --> 00:05:57,600 got off the gold standard, basically when the US defaulted 108 00:05:57,880 --> 00:06:02,400 on their gold redemption. Things fundamentally change 109 00:06:02,720 --> 00:06:05,360 during the Bretton Woods agreement up until 1970, 110 00:06:05,360 --> 00:06:08,280 essentially the world was pegged to a dollar, which was pegged to 111 00:06:08,280 --> 00:06:10,480 gold. Now we're completely detached 112 00:06:10,480 --> 00:06:13,360 from reality and we're seeing the downstream effects of this. 113 00:06:13,360 --> 00:06:17,920 Now, Nico, before we get into what Eric Trump said this 114 00:06:17,920 --> 00:06:21,440 morning, which is in a very similar vein, what's your 115 00:06:21,440 --> 00:06:25,840 thoughts on Jay Powell essentially saying WTFWTF 116 00:06:25,840 --> 00:06:29,280 happened in 1971? Yeah, I mean, dude, it's, it's 117 00:06:29,280 --> 00:06:33,200 pretty crazy because Jay Powell has been talking about 118 00:06:33,480 --> 00:06:36,560 essentially how EU, the the US government is on an 119 00:06:36,560 --> 00:06:40,040 unsustainable fiscal monetary policy. 120 00:06:40,320 --> 00:06:42,200 He's even admitted to this, right. 121 00:06:42,400 --> 00:06:46,520 So it's interesting that around the same time he's bringing that 122 00:06:46,520 --> 00:06:50,280 up, he's also talking about it, basically making the case that 123 00:06:50,280 --> 00:06:54,120 look like the kind of Bretton Woods agreement that has been, 124 00:06:54,400 --> 00:06:56,760 you know, put in place since World War 2. 125 00:06:57,000 --> 00:07:00,600 It's kind of coming to an end. I mean, the writing is on the 126 00:07:00,600 --> 00:07:02,560 wall. They they can't really hide this 127 00:07:02,560 --> 00:07:05,360 anymore. Lynn Alden had an amazing 128 00:07:05,360 --> 00:07:07,800 presentation. I highly suggest you guys watch 129 00:07:07,800 --> 00:07:09,680 it. It's about 15 minutes that she 130 00:07:09,680 --> 00:07:16,000 did at Bitcoin 2025 and she made the case that nothing stops this 131 00:07:16,080 --> 00:07:19,440 train. We had the smartest guy in the 132 00:07:19,440 --> 00:07:24,120 world, the world's richest man, the man that invented self 133 00:07:24,120 --> 00:07:30,400 landing rockets, self driving cars, go into government and try 134 00:07:30,400 --> 00:07:34,080 to cut the deficit. He wanted to cut it by 1 135 00:07:34,080 --> 00:07:36,000 trillion. Then he moved it up to 2 136 00:07:36,000 --> 00:07:40,040 trillion. He was only able to cut it by 137 00:07:40,040 --> 00:07:44,640 150 billion. And the reason he left and the 138 00:07:44,640 --> 00:07:49,960 reason he got so you know, this like he just, he just lost all 139 00:07:49,960 --> 00:07:53,880 motivation because his, because he realized that the system is 140 00:07:53,880 --> 00:07:57,200 so inherently corrupt, so inherently broken. 141 00:07:57,320 --> 00:07:59,760 They just he pulled back. He says, look, I I can't do 142 00:07:59,760 --> 00:08:02,080 this, I can't do this, I can't do this anymore. 143 00:08:02,520 --> 00:08:05,720 And the own party that he got elected, right? 144 00:08:05,720 --> 00:08:08,480 He put his money on the line. I believe he contributed like 145 00:08:08,760 --> 00:08:10,800 $100 million. He. 146 00:08:10,880 --> 00:08:13,000 Bingo's closer to 200. $200 million. 147 00:08:13,000 --> 00:08:17,440 He needed congressional approval for these cuts to happen. 148 00:08:17,760 --> 00:08:20,920 The Republicans have the majority and the Republicans 149 00:08:20,920 --> 00:08:25,480 themselves didn't accept it. So if the world's richest man, 150 00:08:25,520 --> 00:08:30,680 arguably the world's smartest man goes into government with 151 00:08:31,040 --> 00:08:36,799 Harvard, you know, computer scientists, super geniuses going 152 00:08:36,799 --> 00:08:41,000 in there, plugging their systems into all forms of government, 153 00:08:41,159 --> 00:08:43,960 finding all of these inefficiencies in Social 154 00:08:43,960 --> 00:08:49,320 Security and, you know, not to mention USAID and all he was 155 00:08:49,320 --> 00:08:55,640 able to manage was 150 billion. It should tell you that the 156 00:08:55,640 --> 00:08:58,840 system within the system cannot be fixed. 157 00:08:59,480 --> 00:09:01,440 And everyone is starting to notice. 158 00:09:01,440 --> 00:09:05,680 And This is why Lynn Alden said nothing stops his train us 159 00:09:05,680 --> 00:09:08,840 Bitcoiners. We were calling this me and opt 160 00:09:08,840 --> 00:09:11,680 to give me and Opti credit, you know, tomorrow's Bitcoin use. 161 00:09:11,680 --> 00:09:15,480 Today here at Simply Bitcoin, we were calling this, we said, 162 00:09:15,520 --> 00:09:20,760 look, even with Elon going in, he's not fundamentally 163 00:09:20,760 --> 00:09:23,240 addressing the flaw in the system. 164 00:09:23,760 --> 00:09:27,280 The flaw in the system is the government's unique ability to 165 00:09:27,280 --> 00:09:31,200 create money out of thin air that everyone else has to work 166 00:09:31,200 --> 00:09:35,200 for and that inherently misaligns incentives. 167 00:09:35,440 --> 00:09:39,560 In fact, it creates government addicted to that free money. 168 00:09:39,560 --> 00:09:42,640 It creates people addicted to that free money. 169 00:09:42,840 --> 00:09:45,160 And what Jerome Powell is saying, and he's seen the 170 00:09:45,160 --> 00:09:47,240 writing on the wall. And to give him credit, unlike 171 00:09:47,240 --> 00:09:50,840 Christine Lagarde that's living in La La land, you know, she's 172 00:09:50,840 --> 00:09:54,640 like, CBDC's are the future. At least Jerome Powell's coming 173 00:09:54,640 --> 00:09:57,920 to terms with reality and saying, you know what, this is 174 00:09:57,920 --> 00:10:01,080 pretty much unsustainable. Like, we can't sustain this. 175 00:10:01,480 --> 00:10:03,600 That's why he's bringing up Bretton Woods. 176 00:10:03,720 --> 00:10:06,480 That's why he's basically bringing up the fact that 177 00:10:06,480 --> 00:10:10,120 there's going to be some type of reshuffling here, some type of 178 00:10:10,120 --> 00:10:13,240 reorganization. And I think it's going to happen 179 00:10:13,240 --> 00:10:17,120 within the next 5 to 10 years. You have very smart people like 180 00:10:17,120 --> 00:10:19,720 Arthur Hayes also made an amazing presentation at the 181 00:10:19,720 --> 00:10:22,920 Bitcoin conference. Larry Leopard had a podcast with 182 00:10:22,920 --> 00:10:26,000 him here in Miami Beach. He wrote a book called The Big 183 00:10:26,000 --> 00:10:29,160 Print. Arthur Hayes is basically 184 00:10:29,160 --> 00:10:32,320 saying, look, Bitcoin's going to hit $1,000,000 in the next 5 185 00:10:32,320 --> 00:10:34,240 years because they're going to print money. 186 00:10:34,480 --> 00:10:38,080 We are hearing news coming out of the Yahoo Finance article 187 00:10:38,080 --> 00:10:40,920 dropped a couple weeks ago, basically said that the Fed is 188 00:10:40,920 --> 00:10:44,200 quietly selling bonds, but there's no buyers. 189 00:10:45,000 --> 00:10:47,160 Who, Who do you think buys those bonds? 190 00:10:47,160 --> 00:10:49,600 When the Fed finds no buyers for those bonds? 191 00:10:49,880 --> 00:10:52,840 The Federal Reserve themselves, how are they able to afford 192 00:10:52,840 --> 00:10:55,560 those purchases? They print the money, right? 193 00:10:56,080 --> 00:10:59,480 So this is what's happening. There's a global realignment of 194 00:10:59,480 --> 00:11:02,920 the financial system, and you have to find yourself a 195 00:11:02,920 --> 00:11:05,920 lifeboat. And that lifeboat is Bitcoin. 196 00:11:06,080 --> 00:11:09,040 Make no mistake, the Titanic is sinking. 197 00:11:09,200 --> 00:11:12,480 They're running out of road to kick the can down the road. 198 00:11:12,840 --> 00:11:16,600 And yeah, I mean, like, it's just a matter of time, man. 199 00:11:16,600 --> 00:11:19,640 It's just a matter of time before they turn on the money 200 00:11:19,640 --> 00:11:21,840 printers to try to build themselves out. 201 00:11:22,000 --> 00:11:25,560 This is an inevitability. It's not a question of if they 202 00:11:25,560 --> 00:11:28,200 will do it, it's a question of when they will do it. 203 00:11:28,400 --> 00:11:31,160 I mean, pull up the M2 money supply chart, bro. 204 00:11:31,400 --> 00:11:36,840 Like this experiment started in 2008, coincidentally when 205 00:11:36,840 --> 00:11:40,320 Satoshi released Bitcoin in the genesis block. 206 00:11:40,320 --> 00:11:43,760 It says chancer on the brink of the second bailout for banks. 207 00:11:44,000 --> 00:11:47,120 Satoshi inherently knew that they were going to keep on 208 00:11:47,120 --> 00:11:49,160 printing. Opti's going to show the M2 209 00:11:49,160 --> 00:11:51,880 money, so you see that initial that. 210 00:11:51,880 --> 00:11:54,440 And this is just AUS, yeah? Let me make, let me make a 211 00:11:54,440 --> 00:11:55,320 smaller. There we go. 212 00:11:55,560 --> 00:11:59,880 Yeah. So you see back in 2010, 2008, 213 00:11:59,880 --> 00:12:02,200 that was the initial kind of splurge. 214 00:12:02,480 --> 00:12:07,120 Look at 2020 that was the pandemic that and then as you 215 00:12:07,120 --> 00:12:09,960 can see it kind of you know the we went into like kind of this 216 00:12:09,960 --> 00:12:15,080 like QT type of environment that's gone we're back to money 217 00:12:15,080 --> 00:12:18,680 printing again. Maybe it's not so you know over 218 00:12:18,720 --> 00:12:22,560 over the table, but they're addicted to this. 219 00:12:22,680 --> 00:12:25,040 You can't Lynn Alden's words are perfect. 220 00:12:25,280 --> 00:12:31,320 Nothing stops this train right. So Jerome Powell is basically 221 00:12:31,320 --> 00:12:35,120 saying the quiet part out loud and what you could do to protect 222 00:12:35,120 --> 00:12:38,040 yourself, right? I mean, you guys are Bitcoiners 223 00:12:38,040 --> 00:12:42,520 in this audience. So buy hard assets. 224 00:12:42,560 --> 00:12:45,920 I think the best one is obviously Bitcoin because of its 225 00:12:45,920 --> 00:12:48,880 absolute scarcity. But if you're sitting in assets 226 00:12:48,880 --> 00:12:52,160 in general, whether it's stocks, whether it's real estate, 227 00:12:52,160 --> 00:12:55,880 whether it's gold, it's all going to go up. 228 00:12:56,600 --> 00:13:00,600 And it it's value might not necessarily be going up, but 229 00:13:00,600 --> 00:13:05,200 because of inflation, it just balloons the asset prices. 230 00:13:05,480 --> 00:13:08,480 So if you're sitting in assets, when they inevitably start to 231 00:13:08,480 --> 00:13:14,440 print money again, your assets are going to, on paper at least, 232 00:13:14,680 --> 00:13:17,960 going to go up in value. Right now, of course, this is a 233 00:13:17,960 --> 00:13:20,920 Bitcoin show. Our favorite asset is Bitcoin 234 00:13:21,400 --> 00:13:24,160 because if it's physical characteristics, it's 21 million 235 00:13:24,160 --> 00:13:29,280 cap supply, it's your ability to custody with ease, your ability 236 00:13:29,280 --> 00:13:33,960 to transport it, your ability to send it without the necessity of 237 00:13:33,960 --> 00:13:37,240 a third party. So Bitcoin is the superior asset 238 00:13:37,240 --> 00:13:40,080 of all these assets that are going to benefit when they 239 00:13:40,080 --> 00:13:41,720 inevitably going to start to print money. 240 00:13:41,920 --> 00:13:45,480 But it what's really interesting is that Jerome Powell himself is 241 00:13:45,480 --> 00:13:48,160 basically saying, dude, we are so effed. 242 00:13:48,400 --> 00:13:50,920 Like that's what he's saying, that's what he's saying. 243 00:13:50,920 --> 00:13:53,160 Remember the the Bretton Woods agreement, this thing has been 244 00:13:53,160 --> 00:13:57,560 around since, you know, basically the end of World War 245 00:13:57,560 --> 00:14:00,200 2. The Fiat money experiment 246 00:14:00,200 --> 00:14:04,640 started in 1970. We're coming to an end of that 247 00:14:04,640 --> 00:14:07,840 said experiment. And if you are not protecting 248 00:14:07,840 --> 00:14:11,760 yourself, protecting yourself as an individual by storing your 249 00:14:11,760 --> 00:14:17,240 time, your energy and your work into hard assets, my favorite 250 00:14:17,240 --> 00:14:21,040 being Bitcoin, you're going to get absolutely wrecked when 251 00:14:21,400 --> 00:14:25,520 Lawrence Leppard's prediction, the inevitable big print, comes. 252 00:14:26,480 --> 00:14:30,480 And not only that, Nico, when you really listen to what Jay 253 00:14:30,480 --> 00:14:34,080 Powell said, and you said it very clearly, it's almost as if 254 00:14:34,080 --> 00:14:37,480 the system is rigged against us. It's almost as if, you know, 255 00:14:37,480 --> 00:14:41,200 there's been an argument whether the system is broken or, you 256 00:14:41,200 --> 00:14:43,640 know, Lennon says you can't stop this train. 257 00:14:43,640 --> 00:14:46,400 Larry Leppard frames it as the big print is coming. 258 00:14:47,040 --> 00:14:50,760 It's almost as if you can kind of judge the system by its 259 00:14:50,760 --> 00:14:54,520 fruits and you can say that maybe it was designed in this 260 00:14:54,520 --> 00:14:58,760 way to essentially, you know, take redistribute wealth from 261 00:14:58,800 --> 00:15:02,360 the masses to the upper class, or rather the wealthy elites. 262 00:15:02,960 --> 00:15:07,680 Well, as I said earlier, one of the Trump's went on CNBC this 263 00:15:07,680 --> 00:15:11,040 morning and even he is seeing what we're seeing. 264 00:15:11,320 --> 00:15:12,640 You have that. Clip I got it. 265 00:15:14,640 --> 00:15:17,320 He did these things. The reason we got into crypto 266 00:15:17,320 --> 00:15:19,880 and we're all in on crypto and we're doing American Bitcoin and 267 00:15:19,880 --> 00:15:23,320 we have World Liberty Finance and USD One was because there 268 00:15:23,320 --> 00:15:26,280 was a time, and probably I'd been on this show where there 269 00:15:26,280 --> 00:15:29,360 was, I could call any single banker in New York City, They'd 270 00:15:29,360 --> 00:15:31,960 pick up the phone, I'd be able to get a loan for whatever real 271 00:15:31,960 --> 00:15:33,840 estate project I was doing across the street. 272 00:15:34,160 --> 00:15:36,680 Then we got into politics and all of a sudden they wouldn't 273 00:15:36,680 --> 00:15:38,600 take your call. You couldn't get financing. 274 00:15:38,720 --> 00:15:42,600 We were debanked and what I realized and my brother realized 275 00:15:42,600 --> 00:15:45,240 because we were the recipients of every subpoena imaginable was 276 00:15:45,240 --> 00:15:47,560 that, you know what? We were actually just the top of 277 00:15:47,560 --> 00:15:50,200 this sort of pyramid scheme that we didn't realize we were a part 278 00:15:50,200 --> 00:15:53,600 of, that the financial system was totally undemocratized 279 00:15:53,840 --> 00:15:56,080 because we had a certain balance sheet, whatever, we could kind 280 00:15:56,080 --> 00:15:58,800 of do whatever we wanted. The regular guy was messed up. 281 00:15:58,800 --> 00:16:02,560 Now we were all of a sudden in the shoes of the regular guy 282 00:16:02,560 --> 00:16:04,520 that wouldn't be able to take advantage of the markets. 283 00:16:04,520 --> 00:16:06,440 And we said, what's the solution for that? 284 00:16:06,720 --> 00:16:09,560 The answer is crypto. You know, these decentralized 285 00:16:09,560 --> 00:16:11,680 platforms where you're not beholden to this, where you 286 00:16:11,680 --> 00:16:14,200 create efficiencies as a guy that did real estate, you know, 287 00:16:14,200 --> 00:16:16,320 why am I paying points in and out for title insurance that 288 00:16:16,320 --> 00:16:19,960 could be done on the blockchain? So we got into crypto not 289 00:16:19,960 --> 00:16:22,240 because it was like, hey, this is the next cool thing. 290 00:16:22,360 --> 00:16:25,600 We got into it out of necessity. We got into it because we 291 00:16:25,600 --> 00:16:28,600 understood just how quickly we could be turned off, even as an 292 00:16:28,600 --> 00:16:30,040 incredible developer from New York. 293 00:16:30,120 --> 00:16:33,080 I mean, I don't think anyone would argue that we didn't 294 00:16:33,160 --> 00:16:36,720 change the skylight of New York City, but that disappeared in an 295 00:16:36,720 --> 00:16:39,080 instant. I mean, we're getting sued by 296 00:16:39,120 --> 00:16:41,920 New York State AG half a billion dollar fees for paying back 297 00:16:41,920 --> 00:16:46,120 loans on time with interest. These aren't, you know, fair 298 00:16:46,120 --> 00:16:48,080 markets. There's no nothing egalitarian 299 00:16:48,080 --> 00:16:51,640 about any of that. So we actually as innovators, as 300 00:16:51,640 --> 00:16:54,360 people who understand these things, we went all, all in on a 301 00:16:54,360 --> 00:16:57,480 concept that makes total sense because we'd actually been the. 302 00:17:00,400 --> 00:17:03,160 OK. Now, first of all, guys, let's 303 00:17:03,160 --> 00:17:06,160 just ignore the whole blockchain and his overuse of the word 304 00:17:06,160 --> 00:17:08,800 crypto here. He's obviously talking about 305 00:17:08,800 --> 00:17:11,200 Bitcoin, but he said a few important things. 306 00:17:11,400 --> 00:17:14,319 First of all, we've been talking about, and it seems like no one 307 00:17:14,319 --> 00:17:18,680 cares, but the Fiat system, the traditional status quo system we 308 00:17:18,680 --> 00:17:22,599 are in is literally a Ponzi scheme built on, you know, this 309 00:17:22,599 --> 00:17:26,319 pyramid scheme of dollar debt. This is the world we live in. 310 00:17:26,560 --> 00:17:29,440 And the second thing that I found very interesting, it does 311 00:17:29,440 --> 00:17:33,400 remind me of Safdean's quote, which I am pretty sure is one of 312 00:17:33,400 --> 00:17:36,440 the things that got us, you know, got us in hot water over 313 00:17:36,440 --> 00:17:38,840 here at YouTube. So I won't say it again, but you 314 00:17:38,840 --> 00:17:41,200 will adopt Bitcoin because of necessity. 315 00:17:41,480 --> 00:17:44,240 And we're seeing that the world is waking up to the fact that 316 00:17:44,240 --> 00:17:46,960 they need Bitcoin. Look, we've had the Trump's go 317 00:17:46,960 --> 00:17:49,040 in. We know their big famous fight 318 00:17:49,040 --> 00:17:52,040 with Jay Powell. Now even Jay Powell is saying, 319 00:17:52,040 --> 00:17:55,200 hey, you know, there's something on the horizon here. 320 00:17:55,360 --> 00:17:57,920 There's some kind of sea change going on. 321 00:17:58,280 --> 00:18:02,080 And everyone out there is not acknowledging or rather asleep 322 00:18:02,080 --> 00:18:04,240 at the wheel that there's a tsunami ahead of them. 323 00:18:04,240 --> 00:18:07,000 And so look, This is why we try to do the show here. 324 00:18:07,000 --> 00:18:09,880 We want to get into, you know, where you guys are hanging out 325 00:18:09,880 --> 00:18:13,640 on YouTube on Rumble, people outside of just a Bitcoin space 326 00:18:13,800 --> 00:18:17,680 and basically tell you guys, the necessity is now you need to 327 00:18:17,680 --> 00:18:20,320 start stacking Bitcoin. You need to start saving in 328 00:18:20,320 --> 00:18:23,120 Bitcoin because who knows how long this can go on. 329 00:18:23,120 --> 00:18:25,240 They can kick the can down the road for a long time. 330 00:18:25,600 --> 00:18:29,920 But the necessity is now you need to get into a money that 331 00:18:29,920 --> 00:18:33,240 cannot be the base, that is censorship resistant, that is 332 00:18:33,240 --> 00:18:36,720 literally peer-to-peer and global because we're seeing a 333 00:18:36,720 --> 00:18:42,480 shake up in real time in the standard status quo monetary 334 00:18:42,480 --> 00:18:45,640 regime and everyone is telegraphing this exact same 335 00:18:45,640 --> 00:18:47,320 thing. Things are changing. 336 00:18:47,320 --> 00:18:50,400 And if you're stuck in the old system, you are stuck in the 337 00:18:50,400 --> 00:18:53,200 past and you need to upgrade your money today. 338 00:18:53,200 --> 00:18:56,320 A. 100% man, you need to upgrade your money. 339 00:18:56,680 --> 00:18:58,560 You need to upgrade your unit of account. 340 00:18:58,800 --> 00:19:04,200 You shouldn't be judging your net worth. 341 00:19:04,560 --> 00:19:09,400 You shouldn't be accounting your net worth or using dollars as 342 00:19:09,400 --> 00:19:12,600 your unit of account to see what your net worth is. 343 00:19:12,960 --> 00:19:16,560 You should be using Bitcoin as your unit of account to see what 344 00:19:16,560 --> 00:19:19,040 your net worth is. Your life will get better. 345 00:19:19,920 --> 00:19:24,240 Your life just gets better on a sound money standard. 346 00:19:24,560 --> 00:19:27,560 Everything gets progressively cheaper over time. 347 00:19:28,480 --> 00:19:31,680 Life gets less expensive. And this is the case. 348 00:19:31,680 --> 00:19:34,760 We're going to be dropping a, a, a, a simply Bitcoin IRL this 349 00:19:34,760 --> 00:19:37,840 Saturday with Jeff Booth. I hope you guys enjoy it, but 350 00:19:37,840 --> 00:19:42,200 this is the case that Jeff Booth has been making for many, many. 351 00:19:42,200 --> 00:19:45,360 What was that? It's a chat. 352 00:19:45,360 --> 00:19:48,480 It's a chat. This is the case that Jeff Booth 353 00:19:48,480 --> 00:19:52,000 has been making for like essentially like many, many 354 00:19:52,000 --> 00:19:55,960 years now that the world isn't, and this is what I want you guys 355 00:19:55,960 --> 00:19:59,160 to wrap your head around. You guys have to arm yourself 356 00:19:59,160 --> 00:20:02,960 with the truth, right? The world is inherently 357 00:20:02,960 --> 00:20:06,120 deflationary by default. So what do I mean by that? 358 00:20:06,440 --> 00:20:09,720 Productivity has increased, Technology has increased. 359 00:20:09,880 --> 00:20:13,680 The world has gotten wealthier. However, I think this is a good 360 00:20:13,680 --> 00:20:16,400 opportunity to put up pull up the website What the F happened 361 00:20:16,400 --> 00:20:21,680 in 1971. However, as a as a whole, as a 362 00:20:21,680 --> 00:20:25,920 society, we have not gotten collectively wealthier. 363 00:20:25,920 --> 00:20:31,880 So if you could pull that up Opti to show you guys, so like 364 00:20:31,880 --> 00:20:39,560 the case that Jeff Booth makes right, is that essentially if 365 00:20:39,560 --> 00:20:42,600 you are on a sound money standard, things should get 366 00:20:42,600 --> 00:20:47,160 progressively cheaper over time. That's the way that the world 367 00:20:47,840 --> 00:20:51,200 naturally should be functioning. That's the world that the that's 368 00:20:51,200 --> 00:20:54,240 the that's the way that the world should naturally work. 369 00:20:54,760 --> 00:20:58,120 But because of Fiat money, governments have been able to 370 00:20:58,120 --> 00:21:03,080 essentially manipulate the money to their advantage at the 371 00:21:03,080 --> 00:21:07,200 expense of their citizens, specifically the middle and 372 00:21:07,200 --> 00:21:09,840 lower classes. So here's a great example, like 373 00:21:09,840 --> 00:21:12,840 starting off with the first, the first chart, Opti, if you can go 374 00:21:12,840 --> 00:21:17,640 up, that's 1971, right? So as you could see, the 375 00:21:17,640 --> 00:21:20,560 productivity, which is what I was talking about, has increased 376 00:21:20,560 --> 00:21:27,640 by 246%, but compensation only went from 90% to 115%. 377 00:21:27,640 --> 00:21:30,560 If you keep going lower, we'll find other examples of that, 378 00:21:30,920 --> 00:21:33,040 right? It's the same thing, right? 379 00:21:33,120 --> 00:21:37,160 So real medium weekly earnings of full time workers has 380 00:21:37,160 --> 00:21:41,680 basically gone sideways and the real GDP per capita has gone 381 00:21:41,680 --> 00:21:44,000 through the roof. So keep going down. 382 00:21:44,000 --> 00:21:48,240 Again, income gains widely shared in early post war 383 00:21:48,240 --> 00:21:52,240 decades, but not since then. So again, the 95 percentile, the 384 00:21:52,240 --> 00:21:56,400 very wealthy that do have the means to save in assets continue 385 00:21:56,400 --> 00:22:00,280 to get wealthier, but everybody else, the middle and lower 386 00:22:00,280 --> 00:22:05,400 classes remain the same. So how in the hell since the 387 00:22:05,400 --> 00:22:11,520 1970s, Remember back in 1971, a computer wasn't a thing, an 388 00:22:11,520 --> 00:22:14,320 iPhone wasn't a thing, AI wasn't a thing. 389 00:22:14,760 --> 00:22:17,560 Look at all the productivity increases that we've had as a 390 00:22:17,560 --> 00:22:22,400 society and you're telling me that somehow you were able to 391 00:22:22,400 --> 00:22:26,560 afford a home back in the 1970s and you were able to actually 392 00:22:26,560 --> 00:22:30,560 make a living back in the 1970s and you were actually able to 393 00:22:30,560 --> 00:22:33,960 have single parent households where one parent stays at home 394 00:22:34,160 --> 00:22:35,760 and then the other one goes to work. 395 00:22:35,920 --> 00:22:41,400 And that today is inconceivable after all the technological 396 00:22:41,400 --> 00:22:44,160 increases. It, it's insane. 397 00:22:44,800 --> 00:22:47,960 What I'm making the case for is if you don't believe that 398 00:22:47,960 --> 00:22:50,960 theory, switch over to a Bitcoin standard. 399 00:22:51,240 --> 00:22:56,280 You'll start living that deflationary lifestyle today. 400 00:22:57,320 --> 00:23:01,760 Things will get progressively cheaper for you over time if you 401 00:23:01,760 --> 00:23:03,960 switch over to a Bitcoin standard. 402 00:23:04,440 --> 00:23:08,800 And again, this is not only a monetary switch that you have to 403 00:23:08,800 --> 00:23:11,040 make. This is a spiritual switch. 404 00:23:11,200 --> 00:23:14,320 This is an economic shift. This is a time shift. 405 00:23:14,640 --> 00:23:17,800 You're, you're essentially changing your operating system 406 00:23:17,800 --> 00:23:22,000 in your brain from a Fiat brain to a Bitcoin brain. 407 00:23:22,240 --> 00:23:26,280 And I, I'm telling you, it comes with a whole lot of hope, a 408 00:23:26,280 --> 00:23:29,800 whole lot of optimism about the future because now all of a 409 00:23:29,800 --> 00:23:33,400 sudden you're like, wow, I can't afford that apartment that I 410 00:23:33,400 --> 00:23:36,880 want to buy for my family and my kids in the future generation. 411 00:23:37,080 --> 00:23:40,640 I can't afford that car. I can't afford that vacation 412 00:23:40,640 --> 00:23:43,720 that I wanted to go on. But under a Fiat standard, 413 00:23:43,840 --> 00:23:48,160 listen, if you're not making more than 7, if you didn't get a 414 00:23:48,160 --> 00:23:53,840 7% increase in salary compared to the year before, you are 415 00:23:53,840 --> 00:23:56,720 making less. And this is what they don't take 416 00:23:56,720 --> 00:23:59,640 into account, right? Like let's be real here. 417 00:23:59,760 --> 00:24:01,320 This is what they don't take into account. 418 00:24:01,440 --> 00:24:05,960 However, if you've been saving in Bitcoin, The thing is 419 00:24:06,160 --> 00:24:10,880 everything is getting cheaper over time, everything. 420 00:24:11,160 --> 00:24:14,640 So in a five year time scale, whether it's the S&P, whether 421 00:24:14,640 --> 00:24:17,480 it's a house, whether could you pull up an image of like 422 00:24:17,680 --> 00:24:21,120 comparing like how housing prices have gone down. 423 00:24:23,040 --> 00:24:28,600 So like anything you could think of, if you've been saving in 424 00:24:28,600 --> 00:24:33,600 Bitcoin, that house has been getting cheaper in Bitcoin 425 00:24:33,600 --> 00:24:36,960 terms, eggs have been getting cheaper on Bitcoin terms. 426 00:24:37,320 --> 00:24:40,120 And that's the way that's a perfect image and that's the 427 00:24:40,120 --> 00:24:44,160 way, yeah, that's perfect. And that's the way that that's 428 00:24:44,160 --> 00:24:47,920 the way that that the world should work. 429 00:24:47,920 --> 00:24:51,080 This is the, this is the case that Jeff Booth has been making, 430 00:24:51,240 --> 00:24:53,040 right? This is the way that the world 431 00:24:53,040 --> 00:24:55,960 should work. The only reason that Bitcoin is 432 00:24:55,960 --> 00:25:00,240 able to pull this off is because of its decentralization is 433 00:25:00,240 --> 00:25:04,280 because of its immutability. It's because of its cap supply. 434 00:25:04,760 --> 00:25:09,280 So it doesn't allow the money to get manipulated and debased. 435 00:25:09,480 --> 00:25:13,360 Therefore, it actually allows you to save the function of 436 00:25:13,360 --> 00:25:16,800 money itself. We live in a world where you're 437 00:25:16,800 --> 00:25:22,520 forced to become a part time investor just to live, just to 438 00:25:22,520 --> 00:25:25,040 maintain your purchasing power. That is absurd. 439 00:25:25,040 --> 00:25:28,960 Look at that, look at that. So in 2017, it would cost you 440 00:25:28,960 --> 00:25:36,800 125 BTC to buy a house In 2020, what was this 20/22 at 2022? 441 00:25:36,800 --> 00:25:39,720 So it's even less now. 2022 cost you 20 Bitcoin. 442 00:25:40,600 --> 00:25:46,040 Now change that for dollars. Between 2017 and 2022, housing 443 00:25:46,040 --> 00:25:49,960 prices have doubled. So despite housing prices 444 00:25:49,960 --> 00:25:54,920 doubling in Fiat in Bitcoin terms, housing prices have 445 00:25:54,920 --> 00:25:58,720 literally been cut in by like a factor of 4, right? 446 00:25:59,200 --> 00:26:01,400 So switch your life to a Bitcoin standard. 447 00:26:01,600 --> 00:26:05,640 Life gets better, life gets cheaper, life gets easier to 448 00:26:05,640 --> 00:26:07,760 navigate like that's the reality of it. 449 00:26:08,080 --> 00:26:10,520 Anyways, guys smash the like button. 450 00:26:10,720 --> 00:26:13,360 We're at 139 likes right now on YouTube. 451 00:26:13,640 --> 00:26:16,560 If you guys are enjoying the show, help us break 200 likes. 452 00:26:16,560 --> 00:26:19,360 Also want to give a shout out to the Rumble live stream as well 453 00:26:19,360 --> 00:26:23,200 going in hard and of course the X live stream always going in 454 00:26:23,200 --> 00:26:25,760 hard as well. Guys, smash the like button 455 00:26:25,920 --> 00:26:29,320 really, really helps with the algos to push what we've been 456 00:26:29,320 --> 00:26:31,880 telling you. This message forward. 457 00:26:32,040 --> 00:26:37,600 Jerome Powell is admitting that we are entering the end stage of 458 00:26:37,600 --> 00:26:40,560 the Bretton Woods era, the end stage of Fiat. 459 00:26:40,800 --> 00:26:44,800 He himself is saying that the US monetary policy is 460 00:26:44,840 --> 00:26:47,480 unsustainable. Lynn Alden's making a 461 00:26:47,480 --> 00:26:49,800 presentation. Larry Laparde's writing books 462 00:26:49,800 --> 00:26:52,120 about it. Arthur Hayes is making 463 00:26:52,120 --> 00:26:54,880 presentations about it. I mean, some of the brightest 464 00:26:54,880 --> 00:26:58,520 minds, some of the smartest people are telling you the quiet 465 00:26:58,520 --> 00:27:01,360 part out loud. You have to choose as an 466 00:27:01,360 --> 00:27:05,160 individual whether you're going to take agency and action on 467 00:27:05,160 --> 00:27:08,720 that information from some of the brightest minds in the 468 00:27:08,720 --> 00:27:12,080 industry. Nothing stops this train 469 00:27:12,360 --> 00:27:16,720 anyways, before we move on to the next segment, I do want to 470 00:27:16,720 --> 00:27:20,320 give a very special shout out of course, to our lead sponsor. 471 00:27:20,400 --> 00:27:23,400 Simply Bitcoin would not be possible without our sponsors, 472 00:27:23,520 --> 00:27:26,800 and I want to tell you guys about Bitcoin Well, Bitcoin well 473 00:27:26,800 --> 00:27:30,000 is the best place to build your automatic self custody Bitcoin 474 00:27:30,000 --> 00:27:31,800 stack. What makes Bitcoin well 475 00:27:31,800 --> 00:27:35,640 different and unique and special and why we recommend it here at 476 00:27:35,640 --> 00:27:39,520 simply Bitcoin is because it's automatic self custody. 477 00:27:39,800 --> 00:27:42,040 They don't even allow you to leave your Bitcoin on the 478 00:27:42,040 --> 00:27:45,360 exchange, meaning when when you buy Bitcoin on Bitcoin well, as 479 00:27:45,360 --> 00:27:48,600 soon as the funds clear, it goes straight to yourself custody 480 00:27:48,600 --> 00:27:51,600 Bitcoin wallet address which perfectly aligns with the simply 481 00:27:51,600 --> 00:27:54,640 Bitcoin ethos of reclaiming back your sovereignty. 482 00:27:54,800 --> 00:27:57,560 Also, when you buy Bitcoin on Bitcoin Well, you earn something 483 00:27:57,560 --> 00:28:01,160 called Bitcoin well points. You could use those points 484 00:28:01,160 --> 00:28:02,920 towards a bunch of different prizes right? 485 00:28:02,920 --> 00:28:05,720 Like an orange cyber truck, a simply Bitcoin hoodie that Opti 486 00:28:05,720 --> 00:28:07,120 is wearing right now. By the way, you can go to 487 00:28:07,120 --> 00:28:10,720 simplybitcoin.com, get yourself some simply Bitcoin merch and 488 00:28:10,840 --> 00:28:13,720 you could use it towards the Bitcoin wishing well contest, 489 00:28:13,720 --> 00:28:15,760 which we're going to be doing live for you guys right now. 490 00:28:15,760 --> 00:28:19,920 Toss a coin into the wishing well, first person to scan it 491 00:28:19,920 --> 00:28:23,680 with their with their Lightning wallet has won 420 SAT's. 492 00:28:24,040 --> 00:28:30,040 By the way, if you go to bitcoinwell.com/simplybitcoin 493 00:28:30,120 --> 00:28:34,360 well.com/simply and you sign up and you make your first 494 00:28:34,360 --> 00:28:38,280 purchase, you get 3 tosses into the wishing well absolutely free 495 00:28:38,440 --> 00:28:41,320 and every single toss you have an opportunity to win up to 496 00:28:41,480 --> 00:28:45,360 1,000,000 Satoshis. That's more than $1000 these 497 00:28:45,360 --> 00:28:47,520 days. Any just for signing up and 498 00:28:47,520 --> 00:28:49,240 making a purchase. That's crazy. 499 00:28:49,280 --> 00:28:51,600 That's a generous, it's a win win for everybody. 500 00:28:51,680 --> 00:28:55,600 What are you waiting for? Go to bitcoinwell.com/simply 501 00:28:55,600 --> 00:28:58,400 today. Anyways, guys, we have a hell of 502 00:28:58,400 --> 00:29:01,320 a show lined up for you guys. Me and Opti are going to be 503 00:29:01,320 --> 00:29:05,320 doing the shows in person in the flesh, and we got some special 504 00:29:05,320 --> 00:29:08,320 supply surprises for you guys in the next coming weeks. 505 00:29:08,400 --> 00:29:11,560 We're going to be talking about many, many things upcoming. 506 00:29:11,560 --> 00:29:14,560 We're going to be talking about. It's interesting. 507 00:29:14,560 --> 00:29:18,120 Again, another article, you know, again, these Bitcoin 508 00:29:18,120 --> 00:29:20,800 conferences are different. They've changed up these days. 509 00:29:21,000 --> 00:29:22,800 They're entering in the political sphere. 510 00:29:22,880 --> 00:29:26,040 These Bitcoin conferences used to have cypherpunks, used to 511 00:29:26,040 --> 00:29:29,240 have people that were just, you know, kind of like total anti 512 00:29:29,240 --> 00:29:32,760 state, like Eric Case on. And now we have, you know, a 513 00:29:32,760 --> 00:29:36,520 Fortune 500 CE OS. We have politicians from the top 514 00:29:36,720 --> 00:29:40,000 echelons of power. So it's a little bit different. 515 00:29:40,000 --> 00:29:42,960 Bitcoin is maturing. The Wells Fargo report that we 516 00:29:42,960 --> 00:29:46,000 read you guys yesterday, Bitcoin is becoming institutionalized. 517 00:29:46,520 --> 00:29:51,280 And also there was an article by the Las Vegas Sun which I 518 00:29:51,280 --> 00:29:54,480 thought was absolutely hilarious and it quoted Eric Kasson, it 519 00:29:54,480 --> 00:29:57,400 quoted CJ, it quoted myself. We're going to go through all of 520 00:29:57,400 --> 00:29:59,680 that and we're going to just kind of have like a recap of 521 00:29:59,680 --> 00:30:01,800 like where are we in Bitcoins history? 522 00:30:01,800 --> 00:30:03,920 Where is Bitcoin going to be 5 years from now? 523 00:30:04,080 --> 00:30:06,560 I think you guys are going to really enjoy that conversation. 524 00:30:06,760 --> 00:30:10,840 And then during the numbers segment, I have a very special 525 00:30:10,840 --> 00:30:14,920 video of you guys of Hester Pierce, the SEC commissioner, 526 00:30:15,120 --> 00:30:19,760 again basically saying, like, look, banks have the ability to 527 00:30:19,760 --> 00:30:22,680 custody Bitcoin baby. There's three things that 528 00:30:22,680 --> 00:30:25,680 Michael Saylor said needed to happen in order for Bitcoin to 529 00:30:25,680 --> 00:30:29,720 hit $5,000,000 per coin. He said the first thing is a 530 00:30:29,720 --> 00:30:31,520 change in the FASPI accounting rules. 531 00:30:31,720 --> 00:30:34,200 Second thing he says the approval of the spot Bitcoin 532 00:30:34,320 --> 00:30:36,760 ETFs. The third thing that he said was 533 00:30:36,760 --> 00:30:39,320 the ability for banks to custody Bitcoin. 534 00:30:39,520 --> 00:30:41,560 Under the previous administration, the Biden 535 00:30:41,560 --> 00:30:45,560 administration, they actively tried to sabotage the Bitcoin 536 00:30:45,560 --> 00:30:49,520 industry left and right. They tried to stop it, but with 537 00:30:49,520 --> 00:30:52,560 this current administration, he's opening up the door. 538 00:30:52,560 --> 00:30:54,680 He's saying, listen, we're going to leave you Bitcoiners alone. 539 00:30:54,840 --> 00:30:59,000 I mean, we had a sitting vice president make a speech at a 540 00:30:59,000 --> 00:31:01,600 Bitcoin conference. We are winning. 541 00:31:01,600 --> 00:31:05,680 We got Ross Ulbricht freed. We are winning. 542 00:31:05,680 --> 00:31:09,720 This is what winning feels like and we're just starting to win. 543 00:31:10,040 --> 00:31:14,000 This winning is non-stop. We got beat by 2 by 4 544 00:31:14,000 --> 00:31:16,520 metaphorically for the past 15 years. 545 00:31:17,040 --> 00:31:19,440 That's over now. We're in the driver's seat. 546 00:31:19,640 --> 00:31:21,840 If you're not in the room, you're not in the deal. 547 00:31:21,840 --> 00:31:24,920 We are in the room. This is what winning feels like. 548 00:31:24,920 --> 00:31:28,640 So act like winners, act victorious, but you got to stay 549 00:31:28,640 --> 00:31:31,960 on guard because the mission isn't accomplished yet. 550 00:31:32,160 --> 00:31:35,440 The final goal, the final goal of Bitcoiners is to get a 551 00:31:35,440 --> 00:31:38,440 president in the White House that wants to end the Fed. 552 00:31:38,600 --> 00:31:40,920 Anyways, ladies and gentlemen, we will be right back in just a 553 00:31:40,920 --> 00:31:42,320 second. We're going to hit the numbers. 554 00:31:49,560 --> 00:31:52,640 I want to tell you guys about our sponsor Stamp Seed. 555 00:31:52,920 --> 00:31:56,120 Is your Bitcoin and cold storage really secure? 556 00:31:56,440 --> 00:31:59,120 Are your seed words really secure? 557 00:31:59,240 --> 00:32:13,640 Stamp Seeds Do it Paper sucks. 558 00:32:13,800 --> 00:32:17,720 You want to literally stamp your seed into this plate of 559 00:32:17,880 --> 00:32:20,480 titanium. Your words are actually stamped 560 00:32:20,480 --> 00:32:24,560 into the metal plate with this hammer, so once your words are 561 00:32:24,560 --> 00:32:28,640 in, they aren't going anywhere. No risk of the plate breaking 562 00:32:28,640 --> 00:32:31,360 apart and your pieces falling everywhere. 563 00:32:31,600 --> 00:32:34,920 Titanium stamp seeds will survive nearly triple heat 564 00:32:35,120 --> 00:32:38,440 produced by a house fire. They are also crush proof, 565 00:32:38,600 --> 00:32:42,520 waterproof, non corrosive and most importantly, because this 566 00:32:42,520 --> 00:32:47,960 is generational wealth time proof, all things that paper is 567 00:32:48,160 --> 00:32:52,480 not allowing you to huddle your Bitcoin for the long haul. 568 00:32:52,520 --> 00:32:57,160 I mean, here is the plate that they crushed, they put in water, 569 00:32:57,280 --> 00:33:00,720 they put a blowtorch to it. And as you can see, the words 570 00:33:00,800 --> 00:33:04,360 have survived. Stamp your seed on stamp seed 571 00:33:04,920 --> 00:33:09,680 and you can use promo code simply to get 15% off anything 572 00:33:09,680 --> 00:33:12,200 on their store. Head over to stampse-ed.com 573 00:33:12,200 --> 00:33:18,920 today. All right, everybody, we are 574 00:33:18,920 --> 00:33:22,240 back and we're going to cover the numbers, ladies and 575 00:33:22,240 --> 00:33:26,040 gentlemen, and let's get to it. At the time of recording, the 576 00:33:26,040 --> 00:33:34,840 Bitcoin price is 106,808, a $106,020.00 block height 899,672 577 00:33:35,040 --> 00:33:40,720 sats per dollar 943 market cap 2.11 trillion Bitcoin versus 578 00:33:40,720 --> 00:33:46,840 gold market cap 8.89% percentage issued 94.63% decline from all 579 00:33:46,840 --> 00:33:52,320 time high -5.3% Realized monetary inflation .85%. 580 00:33:52,600 --> 00:33:56,640 Again, taking Fiat currencies to absolute school. 581 00:33:57,120 --> 00:34:00,320 I do want to play you guys this video of Hester Pierce. 582 00:34:00,320 --> 00:34:03,680 Hester Pierce is the SEC Commissioner. 583 00:34:03,880 --> 00:34:07,120 Let's check it out. What we're trying to do with 584 00:34:07,120 --> 00:34:11,880 eliminating SAB 121 is to say if you have experience in custody, 585 00:34:11,880 --> 00:34:17,040 you can come into this space. It's not to say that entities 586 00:34:17,040 --> 00:34:20,280 that are crypto native and want to provide custody that they 587 00:34:20,280 --> 00:34:22,800 can't do it, but it's really to say we want to have as broad a 588 00:34:22,800 --> 00:34:25,480 pool as possible of potential custodians. 589 00:34:25,719 --> 00:34:33,440 That's what's best for. So let's break down essentially 590 00:34:33,440 --> 00:34:40,000 the difference between SAB 121 and SAB 122 and the significance 591 00:34:40,000 --> 00:34:44,320 of it from the ability for institutions to custody Bitcoin. 592 00:34:44,400 --> 00:34:48,080 So last year and I was talking to Eric Weiss about this on a 593 00:34:48,080 --> 00:34:50,880 simply Bitcoin IRL and he actually believed that one of 594 00:34:50,880 --> 00:34:55,719 the big reasons that the Biden administration lost or better 595 00:34:55,719 --> 00:35:00,000 said, let me phrase that better. One of the big reasons as to why 596 00:35:00,000 --> 00:35:03,600 the Biden administration kind of fell out of favor with the 597 00:35:03,720 --> 00:35:09,800 Bitcoin and crypto industry was because the SAB 121 repeal 598 00:35:10,400 --> 00:35:13,400 passed the House and it passed the Senate. 599 00:35:13,760 --> 00:35:18,120 President Biden vetoed it. Maybe his auto pen did, but he 600 00:35:18,120 --> 00:35:22,120 vetoed it, right? So it passed the Senate, passed 601 00:35:22,120 --> 00:35:26,120 the House, and Biden was like, no, one of the first things that 602 00:35:26,120 --> 00:35:31,560 Trump did when he got in office was he repealed SAB 121. 603 00:35:32,080 --> 00:35:36,920 So what is SAB 121? SAB 121 essentially required 604 00:35:36,920 --> 00:35:40,520 entities holding crypto assets for others to report these 605 00:35:40,520 --> 00:35:44,000 holdings as balance sheet liabilities. 606 00:35:44,040 --> 00:35:48,320 Could you imagine that? So you're holding Bitcoin on 607 00:35:48,320 --> 00:35:56,920 behalf of an entity and if Bitcoin drops 3040%, you have to 608 00:35:56,920 --> 00:36:02,560 write on your balance sheet to reflect that drop, even though 609 00:36:02,800 --> 00:36:06,400 those aren't your assets, you're holding it on behalf of someone. 610 00:36:07,040 --> 00:36:11,320 And by the way, I can't confirm this for sure, but after 611 00:36:11,320 --> 00:36:14,920 experiencing Operation Choke .2 point O over the last three 612 00:36:14,920 --> 00:36:21,960 years and the essentially death by 1000 regulatory cuts type of 613 00:36:22,200 --> 00:36:25,800 strategy, I think this was on purpose, right? 614 00:36:26,440 --> 00:36:29,520 I think this is the type of regulation that is set up in a 615 00:36:29,520 --> 00:36:34,120 way where it wants you to fail or essentially makes it so 616 00:36:34,720 --> 00:36:38,080 difficult for you to navigate that environment. 617 00:36:38,400 --> 00:36:43,040 It deincentivizes institutions from adopting Bitcoin or a 618 00:36:43,080 --> 00:36:45,800 holding Bitcoin on behalf of their clients, right? 619 00:36:46,320 --> 00:36:49,080 So This is why this law was so important to be repealed. 620 00:36:49,080 --> 00:36:51,760 This is why Michael Saylor said this is one of the three things 621 00:36:52,040 --> 00:36:54,160 that essentially needed to happen in order for Bitcoin to 622 00:36:54,160 --> 00:36:57,440 reach $5,000,000 per coin. So it goes on to say this 623 00:36:57,440 --> 00:37:00,760 created significant financial constraints and hindered 624 00:37:00,760 --> 00:37:03,760 traditional financial institutions from entering the 625 00:37:03,760 --> 00:37:09,000 crypto custody space. So here is SAB 1122. 626 00:37:09,520 --> 00:37:17,360 So SAB 122, this bulletin issued in January of 2025 here in OPTI 627 00:37:17,360 --> 00:37:19,040 wants me to share the screen when I'm showing. 628 00:37:19,040 --> 00:37:23,440 So I will do that for OPTI now. I lost it. 629 00:37:23,560 --> 00:37:28,040 OK, here it is. So SAB 122, this bulletin issued 630 00:37:28,040 --> 00:37:32,160 in January 2025, of course the first month Trump you know, was 631 00:37:32,160 --> 00:37:36,040 inaugurated January 9th I think was the date rescind. 632 00:37:36,040 --> 00:37:40,160 SAB 121 provides new guidance for accounting obligations to 633 00:37:40,160 --> 00:37:43,360 safeguard crypto assets. It aligns crypto asset 634 00:37:43,360 --> 00:37:47,720 accounting with contingency principles, allowing entities to 635 00:37:47,720 --> 00:37:52,600 assess liabilities based on the probability and estimate ability 636 00:37:52,640 --> 00:37:55,800 of potential losses. Right, so the impact. 637 00:37:56,280 --> 00:38:01,200 The repeal of SAB 121 removes a married major barrier for 638 00:38:01,200 --> 00:38:04,080 traditional financial institutions to offer crypto 639 00:38:04,080 --> 00:38:06,960 custody services. It allows them to evaluate their 640 00:38:06,960 --> 00:38:09,480 risks using established accounting standards, 641 00:38:09,720 --> 00:38:13,040 potentially leading to greater integration of digital assets 642 00:38:13,240 --> 00:38:15,080 into the traditional financial system. 643 00:38:15,480 --> 00:38:18,960 Now, this is exactly what Elizabeth Warren didn't want to 644 00:38:18,960 --> 00:38:22,560 happen. Remember when Fidelity announced 645 00:38:22,560 --> 00:38:24,840 that they were essentially going to allow Bitcoin? 646 00:38:24,960 --> 00:38:27,840 They're going to allow their clients to buy Bitcoin for their 647 00:38:27,840 --> 00:38:31,520 401 KS? She personally hand wrote a note 648 00:38:32,280 --> 00:38:35,240 to Fidelity basically saying stop, I don't want you to do 649 00:38:35,240 --> 00:38:37,560 that. Now you have to think about what 650 00:38:37,560 --> 00:38:41,160 are the motivations behind this? I think the motivations behind 651 00:38:41,160 --> 00:38:44,960 this is they just don't want Bitcoin or digital assets as a 652 00:38:44,960 --> 00:38:49,120 whole, whether it's stable coins or altcoins, to be a part of the 653 00:38:49,120 --> 00:38:52,360 traditional financial system because they want a monopoly 654 00:38:52,360 --> 00:38:54,640 over money. I think it's, it's as simple, as 655 00:38:54,640 --> 00:38:58,240 as simple as that. I can't, I can't come up with 656 00:38:58,240 --> 00:38:59,720 another explanation. Now. 657 00:38:59,720 --> 00:39:02,960 Their explanation is consumer protection, right? 658 00:39:03,480 --> 00:39:07,840 My counter to that is basically saying what about consumer 659 00:39:07,840 --> 00:39:09,840 protection from inflation, right? 660 00:39:09,960 --> 00:39:13,200 I showed you guys at the beginning where what the F 661 00:39:13,200 --> 00:39:16,400 happened in 1971. I showed you guys the data. 662 00:39:16,400 --> 00:39:18,320 It's there. It's clear, right? 663 00:39:18,840 --> 00:39:21,960 If you are in the middle class or if you're in the lower class 664 00:39:22,200 --> 00:39:26,360 and if you want to get by you physic, you have not earned more 665 00:39:26,360 --> 00:39:30,560 money since the 1970s, even though productivity has 666 00:39:30,560 --> 00:39:35,440 increased by a factor of 2 and the very wealthy have gotten 667 00:39:35,440 --> 00:39:38,960 significantly wealthier. This is the concilionary effect. 668 00:39:39,360 --> 00:39:42,440 This is Fiat for you. What about consumer protection 669 00:39:42,440 --> 00:39:44,960 from inflation? What about consumer protection 670 00:39:44,960 --> 00:39:49,320 from Fiat? So when you are against Bitcoin 671 00:39:49,640 --> 00:39:52,480 being integrated into the traditional financial system, 672 00:39:52,800 --> 00:39:58,520 what you are telling me who is well versed in all of this and 673 00:39:58,520 --> 00:40:00,800 Opti's well versed in all of this, I think all Bitcoiners are 674 00:40:00,800 --> 00:40:05,400 well versed in all of this is you don't want people, you don't 675 00:40:05,400 --> 00:40:08,160 want people to have the ability to save. 676 00:40:10,000 --> 00:40:12,920 And I'm telling you, that is evil. 677 00:40:13,000 --> 00:40:15,760 That is evil. You're taking away their hope. 678 00:40:15,880 --> 00:40:17,600 You're taking away their dignity. 679 00:40:17,720 --> 00:40:20,440 You're taking away their humanity. 680 00:40:21,040 --> 00:40:24,800 Really. So, yeah, man, like I, I, I'm 681 00:40:24,800 --> 00:40:26,440 really glad that this is happening. 682 00:40:26,960 --> 00:40:30,640 We got a huge victory in Poland with the pro Bitcoin president, 683 00:40:30,640 --> 00:40:33,440 which was awesome. We're getting pro. 684 00:40:33,440 --> 00:40:37,000 We got Nigel Farage that spoke at the Bitcoin conference. 685 00:40:38,240 --> 00:40:42,560 So yes, I mean winning across the board, but I want you guys 686 00:40:42,560 --> 00:40:45,480 to stay focused. I want you guys to pay attention 687 00:40:45,480 --> 00:40:47,720 and realize where we are in the movie. 688 00:40:48,160 --> 00:40:51,920 Fiat politics still matter. Voting in the traditional sense 689 00:40:51,920 --> 00:40:53,640 still matters. Of course, the most important 690 00:40:53,640 --> 00:40:55,840 vote you can make is buying Bitcoin, earning Bitcoin, mining 691 00:40:55,840 --> 00:40:58,280 Bitcoin, and putting that Bitcoin into self custody. 692 00:40:58,760 --> 00:41:01,560 But keep your eye on the ball. 2026. 693 00:41:01,560 --> 00:41:05,320 We got midterms coming on and I don't care if it's a Republican 694 00:41:05,320 --> 00:41:11,120 or Democrat, but we want pro Bitcoin politicians in office 695 00:41:11,960 --> 00:41:16,240 and we want this worldwide. We want this is a grassroots 696 00:41:16,240 --> 00:41:18,040 movement. Remember, I've said this, I've 697 00:41:18,040 --> 00:41:21,680 tweeted this many times. Governments think they can 698 00:41:21,680 --> 00:41:24,720 regulate Bitcoin or governments think they can Co-op Bitcoin. 699 00:41:25,000 --> 00:41:27,520 But in reality it's going to be Bitcoin that co-ops governments. 700 00:41:27,520 --> 00:41:29,520 It's going to be Bitcoin that regulates governments. 701 00:41:29,760 --> 00:41:32,640 It's going to be Bitcoin that provides a check. 702 00:41:33,240 --> 00:41:37,640 It it, it gives power to the people by giving the people the 703 00:41:37,640 --> 00:41:42,640 ability to save without the fear of their currency, of their 704 00:41:42,640 --> 00:41:45,920 energy, of their value, of their time being debased. 705 00:41:46,160 --> 00:41:49,560 Opti. Yeah, well, good rant. 706 00:41:49,560 --> 00:41:53,400 Good, good Nico Jones rant to start off a Tuesday. 707 00:41:53,720 --> 00:41:56,320 But Hester Pierce, I forget what people were calling her. 708 00:41:56,320 --> 00:42:01,680 They call her like like the godmother or grandmother of 709 00:42:01,680 --> 00:42:03,640 crypto or, or they have like a name for her. 710 00:42:03,640 --> 00:42:08,320 I forget what they call her. It's something like grandmother 711 00:42:08,320 --> 00:42:10,200 or crypto or or something like that. 712 00:42:10,200 --> 00:42:12,000 I don't know. I I I forget what it is but you 713 00:42:12,000 --> 00:42:14,080 could look it up. I think Hester Pierce is the 714 00:42:14,080 --> 00:42:15,800 goat. Yeah, yeah, that's basically 715 00:42:15,800 --> 00:42:19,440 what I was going to say. And Hester Pierce, I think is 716 00:42:19,440 --> 00:42:21,880 she's obviously, if you guys don't know, she is, she's been a 717 00:42:21,880 --> 00:42:24,480 long time Bitcoin slash crypto advocate. 718 00:42:24,720 --> 00:42:27,720 She's in a very powerful position and she seems very 719 00:42:27,720 --> 00:42:31,160 friendly to the industry and, and actually has a favorable 720 00:42:31,160 --> 00:42:35,400 view around Bitcoin, which I think is a, you know, a breath 721 00:42:35,400 --> 00:42:37,920 of fresh air here. And I saw a tweet this morning 722 00:42:37,920 --> 00:42:39,880 of Frank Korba. If you guys don't know Frank 723 00:42:39,880 --> 00:42:42,000 Korba is he is over at Bitcoin magazine. 724 00:42:42,000 --> 00:42:44,720 He's literally has a pass to sit in the White House now as a 725 00:42:44,720 --> 00:42:48,880 journalist or correspondent. And I guess there was a pub key 726 00:42:48,880 --> 00:42:52,200 event either last night or, you know, over the weekend or 727 00:42:52,200 --> 00:42:54,720 something like that. And Hester Pierce was there and 728 00:42:54,720 --> 00:42:56,440 she had a talk and she was talking to Bit corners. 729 00:42:56,720 --> 00:42:59,760 And basically Frank Korva went up to her and was just like, you 730 00:42:59,760 --> 00:43:02,800 know, I talked to Hester Pierce and I was telling her that one 731 00:43:02,800 --> 00:43:06,080 of the most important things she could do was basically allowing 732 00:43:06,080 --> 00:43:09,320 in kind of redemptions of ETF. And there's some back and forth 733 00:43:09,320 --> 00:43:12,120 there, but by the end of the conversation, she was like, you 734 00:43:12,120 --> 00:43:15,440 know what, like I'll take this into consideration and I will 735 00:43:15,440 --> 00:43:16,320 think about it. It. 736 00:43:16,320 --> 00:43:19,320 It's obviously a vague response, but I think it's a totally 737 00:43:19,320 --> 00:43:21,880 different view from what we've heard from other 738 00:43:21,880 --> 00:43:23,640 administrations. You know, whether it's Gary 739 00:43:23,640 --> 00:43:26,080 Genzer, who we thought was a Bitcoin maxi, even though I 740 00:43:26,080 --> 00:43:28,600 truly call him a a Bitcoin maxi, what we see from the Biden 741 00:43:28,600 --> 00:43:31,360 administration, what we've seen from Elizabeth Warrens antique 742 00:43:31,360 --> 00:43:34,720 crypto army, they don't listen to what we're saying. 743 00:43:34,960 --> 00:43:38,240 And now that we're in the room now, they are starting to listen 744 00:43:38,240 --> 00:43:40,120 to us. So whether this is just 745 00:43:40,120 --> 00:43:43,520 politicians pandering or, you know, people in institutional 746 00:43:43,520 --> 00:43:47,080 powers pandering to Bitcoin, I think we are starting to turn a 747 00:43:47,080 --> 00:43:50,360 new leaf here where they have to acknowledge what we're doing. 748 00:43:50,360 --> 00:43:53,120 We're no longer, you know, a tiny asset here. 749 00:43:53,640 --> 00:43:55,720 It is. It is a significant player on 750 00:43:55,720 --> 00:43:58,400 the macro stage. And so the fact that we have bit 751 00:43:58,400 --> 00:44:01,400 corners in a position where they will listen to what we're 752 00:44:01,400 --> 00:44:04,440 saying, they will listen to, you know, the quote, industry 753 00:44:04,440 --> 00:44:06,960 experts. I think this is a good thing and 754 00:44:06,960 --> 00:44:10,760 something that we've never seen before because for a long time, 755 00:44:10,760 --> 00:44:12,160 they were just basically like, yeah, yeah. 756 00:44:12,160 --> 00:44:13,840 Like, shut up, kid. Like, you don't know what's 757 00:44:13,840 --> 00:44:15,440 going on. You don't understand the game 758 00:44:15,440 --> 00:44:17,560 being played. And now we basic. 759 00:44:17,760 --> 00:44:21,760 Whoa, oh, man, I don't know if you guys heard that. 760 00:44:22,040 --> 00:44:26,040 Mika's blowing me up over here. I lost my train of thought. 761 00:44:26,120 --> 00:44:29,840 And now And now we've gotten to a point where they're listening 762 00:44:29,840 --> 00:44:31,600 to us. And I think this is going to 763 00:44:31,600 --> 00:44:34,680 fundamentally change and alter the the trajectory of Bitcoin 764 00:44:34,680 --> 00:44:38,240 around the world because what America does, every other 765 00:44:38,240 --> 00:44:40,480 country will follow. The ripples are starting. 766 00:44:40,480 --> 00:44:43,800 And I think, you know, whether this plays out sooner than later 767 00:44:43,800 --> 00:44:47,800 or later than sooner, things are changing in real time and you 768 00:44:47,800 --> 00:44:50,800 just love to see it. Yeah, 100%, man. 769 00:44:50,840 --> 00:44:52,960 And and again guys, we are winning. 770 00:44:53,280 --> 00:44:56,640 Let's keep on the pressure. We got momentum, right. 771 00:44:56,880 --> 00:45:00,520 Let's, let's, let's, let's not forget, let's not, let's not 772 00:45:00,520 --> 00:45:03,560 take our eye off the ball. We're winning. 773 00:45:03,640 --> 00:45:06,440 We got to keep the pressure. This is how we're going to win 774 00:45:06,760 --> 00:45:09,480 anyways, guys, we still have a hell of a show lined up for you 775 00:45:09,480 --> 00:45:11,120 guys. During the news segment, we're 776 00:45:11,120 --> 00:45:13,640 going to be talking about a lot of the things that you guys are 777 00:45:13,640 --> 00:45:15,360 talking about. Oh yeah, there it is, Crypto 778 00:45:15,360 --> 00:45:16,640 Mom. Thank you, Kudus. 779 00:45:16,680 --> 00:45:20,200 In the, in the comments, basically saying like, look like 780 00:45:20,400 --> 00:45:23,800 like Bitcoin has become MAGA, you know, like it, it's 781 00:45:23,800 --> 00:45:26,320 basically lost its cypher, cypherpunk roots. 782 00:45:26,840 --> 00:45:29,160 And I think it's a great topic to talk about. 783 00:45:29,160 --> 00:45:31,680 So we're going to be talking about that during the news 784 00:45:31,680 --> 00:45:34,840 segment, So stay tuned. And then during the culture 785 00:45:34,840 --> 00:45:37,800 segment, Opti's got something special lined up for you guys. 786 00:45:37,800 --> 00:45:39,960 So we're going to be right back in just a second. 787 00:45:41,240 --> 00:45:43,840 I want to give a shout out to our sponsor Casa. 788 00:45:43,920 --> 00:45:47,320 Casa makes self custody easy and secure. 789 00:45:47,440 --> 00:45:50,880 As a Bitcoiner, I care about holding my own private keys, but 790 00:45:50,880 --> 00:45:53,520 multi sig can sometimes get tricky. 791 00:45:53,680 --> 00:45:56,600 Casa nails it with a multi key security. 792 00:45:56,640 --> 00:46:01,080 So even if one key gets lost or stolen, your Bitcoin stays safe 793 00:46:01,240 --> 00:46:04,560 and you don't give up custody. Meaning no one could access your 794 00:46:04,560 --> 00:46:07,720 Bitcoin but you. No seed phrase anxiety, no 795 00:46:07,720 --> 00:46:10,640 singer point of failure. I've been telling my friends and 796 00:46:10,640 --> 00:46:15,720 family about Casa for years. Their UX and UI on their app is 797 00:46:15,720 --> 00:46:19,600 by far the best in the industry. Inheritance planning is built 798 00:46:19,600 --> 00:46:22,560 in, and they even offer Casa for business. 799 00:46:22,560 --> 00:46:25,560 If you're thinking about a Bitcoin treasury, hit up Casa 800 00:46:25,560 --> 00:46:30,640 dot IO today and use promo code simply to get 10% off Casa 801 00:46:30,640 --> 00:46:34,080 Standard or Casa Premium. Head over to Casa dot IO. 802 00:46:39,880 --> 00:46:42,280 I want to give a shout out to our partner coin kite. 803 00:46:42,520 --> 00:46:45,840 If you take your Bitcoin security seriously, you'll need 804 00:46:45,880 --> 00:46:49,360 the best Bitcoin hardware wallet on the market to take self 805 00:46:49,360 --> 00:46:51,880 custody. That's where cold card comes in 806 00:46:52,160 --> 00:46:56,040 The cold card Q is the most advanced Bitcoin signing device 807 00:46:56,200 --> 00:46:59,040 ever made. It's got a full keyboard, larger 808 00:46:59,040 --> 00:47:03,200 screen and NFC support, making air gap signing easier than 809 00:47:03,200 --> 00:47:05,480 ever. It's built for power users who 810 00:47:05,480 --> 00:47:09,440 want the ultimate security without sacrificing usability. 811 00:47:09,560 --> 00:47:13,000 And if if you're looking for a battle tested on compromising 812 00:47:13,040 --> 00:47:17,240 cold storage, the Cold Card MK4 is your go to. 813 00:47:17,400 --> 00:47:21,840 With PSPT signing an industrial grade secure element and USBC, 814 00:47:22,240 --> 00:47:25,240 it's the perfect blend of security and convenience. 815 00:47:25,400 --> 00:47:30,560 Both devices are of course 100% Bitcoin only open source and 816 00:47:30,560 --> 00:47:33,040 built by Bitcoiners for Bitcoiners. 817 00:47:33,160 --> 00:47:37,200 Secure your Bitcoin the right way with the Cold Card queue and 818 00:47:37,200 --> 00:47:40,520 the MK4. Head over to coldcard.com today 819 00:47:40,640 --> 00:47:45,160 and use promo code simply to get 5% off anything on the store. 820 00:47:49,440 --> 00:47:52,280 All right, everybody, scan the QR code on your screen right 821 00:47:52,280 --> 00:47:55,400 now. Get yourself the best Bitcoin 822 00:47:55,400 --> 00:47:59,640 hardware wallet on the market. The cold card they got two of 823 00:47:59,640 --> 00:48:02,800 them, the MK4 or the cold card Q. 824 00:48:02,800 --> 00:48:06,280 The cold card Q is the flagship. It is the power horse. 825 00:48:06,280 --> 00:48:11,760 It has an A-Z keyboard, has two security elements right? 826 00:48:12,160 --> 00:48:14,960 You could sign transactions in so many different ways. 827 00:48:14,960 --> 00:48:19,160 You could scan it, you could tap it, you could SD it, you could 828 00:48:19,160 --> 00:48:22,120 USBC it. It's dope, it's awesome. 829 00:48:22,400 --> 00:48:28,800 So go to coldcard.com today and use promo code simply to get 5% 830 00:48:28,800 --> 00:48:32,920 off anything on the cold card.com store. 831 00:48:33,280 --> 00:48:37,680 Imagine your Bitcoin is worth 10 times what it is today, right? 832 00:48:37,840 --> 00:48:39,440 So you got a plan into the future. 833 00:48:39,640 --> 00:48:41,560 Don't leave your Bitcoin on exchanges. 834 00:48:41,800 --> 00:48:46,000 Don't leave your Bitcoin on a like a hot wallet on your phone. 835 00:48:46,440 --> 00:48:48,880 Store it the right way and the right ways with cold card. 836 00:48:49,280 --> 00:48:53,360 Anyways, guys, let's get into today's news segment, starting 837 00:48:53,360 --> 00:48:55,760 off with this Wall Street Journal article. 838 00:48:56,760 --> 00:48:59,720 It's behind a play wall, but I think the the headline is just 839 00:48:59,720 --> 00:49:01,520 enough. It's it's it's good enough to 840 00:49:01,520 --> 00:49:05,560 kind of just set the tone. The Wall Street Journal Bitcoin 841 00:49:05,560 --> 00:49:10,120 goes all in on MAGA shedding its anti government slant. 842 00:49:10,480 --> 00:49:15,560 Despite wins under Trump, some crypto factions are wary of 843 00:49:15,760 --> 00:49:20,960 politicizing industry Las Vegas extravaganza check this out 844 00:49:20,960 --> 00:49:26,640 becomes a right wing rally. Interesting interesting. 845 00:49:26,880 --> 00:49:30,680 So moving on to this next article is kind of does a little 846 00:49:30,680 --> 00:49:35,640 bit of a deep dive from the Las Vegas Suns Bitcoin Bros mistrust 847 00:49:35,640 --> 00:49:40,400 of government lingers even after GOP's embrace. 848 00:49:40,840 --> 00:49:44,240 It goes on to say make America great again hats and crypto 849 00:49:44,240 --> 00:49:48,240 themed variations of the slogan were everywhere among the 30,000 850 00:49:48,240 --> 00:49:52,800 attendees at last week's Bitcoin conference in Vegas 1 booth 851 00:49:53,000 --> 00:49:57,600 featured a life-size cut out of President Donald Trump bloodied 852 00:49:57,600 --> 00:50:00,920 from an assassination attempt. But instead of raising his first 853 00:50:01,040 --> 00:50:03,920 in defiance, he gripped a physical Bitcoin. 854 00:50:04,280 --> 00:50:07,840 And each time Vice President JD Vance discussed a new Trump 855 00:50:07,840 --> 00:50:11,040 administration's policy during his keynote address, the 856 00:50:11,040 --> 00:50:13,960 audience erupted and barely contained excitement. 857 00:50:14,280 --> 00:50:17,840 The scene suggested Trump and the Republican Party have 858 00:50:17,840 --> 00:50:21,120 successfully courted the cryptocurrency community, whose 859 00:50:21,120 --> 00:50:24,880 advocates poured over $200 million into the 2024 860 00:50:24,880 --> 00:50:28,400 presidential campaign and are already witnessing returns on 861 00:50:28,400 --> 00:50:32,040 their political investment. Gary Gensler, the former SEC 862 00:50:32,040 --> 00:50:34,880 chair who garnered widespread animosity from the 863 00:50:34,880 --> 00:50:38,160 cryptocurrency community for the agency's increase enforcement, 864 00:50:38,400 --> 00:50:42,440 stepped down in January. And to end regulatory regulation 865 00:50:42,440 --> 00:50:45,720 by prosecution, the Department of Justice shut down its 866 00:50:45,720 --> 00:50:48,000 cryptocurrency enforcement team in April. 867 00:50:48,240 --> 00:50:51,480 But not everyone walking the halls of the Venetian Convention 868 00:50:51,480 --> 00:50:54,840 and Expo Center last week was pleased to see so many 869 00:50:54,840 --> 00:50:58,920 Republican politicians like US Senator Jim Justice of West 870 00:50:58,920 --> 00:51:02,800 Virginia and and Cynthia Lummis of Wyoming taking center stage 871 00:51:03,120 --> 00:51:06,000 at the conference. Bitcoin's anti establishment 872 00:51:06,000 --> 00:51:09,240 origins clash with the reality that the crypto, that the 873 00:51:09,240 --> 00:51:12,640 cryptocurrency had become part of the very system it once 874 00:51:12,640 --> 00:51:16,360 opposed. So I like, let's talk about 875 00:51:16,360 --> 00:51:20,440 that, right? So here I'm gonna highlight it 876 00:51:20,440 --> 00:51:22,760 for you guys. So you guys could it's a very 877 00:51:22,760 --> 00:51:24,920 interesting conversation. I'm glad we're talking about 878 00:51:24,920 --> 00:51:28,360 this. When Opti and I initially 879 00:51:28,360 --> 00:51:32,960 brought this up during the previous election, we got a lot 880 00:51:32,960 --> 00:51:38,240 of crap for it. Like we were basically saying 881 00:51:38,240 --> 00:51:41,200 like people were basically saying like, look like you guys 882 00:51:41,200 --> 00:51:44,640 are sell outs. Like, you know, why are you 883 00:51:44,640 --> 00:51:47,000 talking about politics? Why are you talking about Trump? 884 00:51:47,000 --> 00:51:48,400 Like why are you talking about this? 885 00:51:48,400 --> 00:51:52,400 Like what are you guys doing? This is a Bitcoin show and the 886 00:51:52,400 --> 00:51:58,280 case that we are making for you guys is if we want Ross free, 887 00:51:58,920 --> 00:52:00,720 you have to throw your political, you have to throw 888 00:52:00,720 --> 00:52:06,520 your hat in the ring. If you don't want to get 889 00:52:06,520 --> 00:52:11,880 persecuted, regulate from a regulatory perspective, you have 890 00:52:11,880 --> 00:52:13,640 to be in the room while the deal is being made. 891 00:52:14,600 --> 00:52:18,640 So you have two choices. You either choose to pull an 892 00:52:18,640 --> 00:52:23,040 ostrich and pull put your head in the sand metaphorically and 893 00:52:23,040 --> 00:52:26,000 just pretend nothing's there, or you continue bouncing from 894 00:52:26,000 --> 00:52:30,800 jurisdiction to jurisdiction, or you plant a flag and you have 895 00:52:30,800 --> 00:52:37,720 pro Bitcoin politicians in office that are representing 896 00:52:37,720 --> 00:52:39,440 your interests. That's the whole point of a 897 00:52:39,440 --> 00:52:42,880 representative democracy, which is the United States and most 898 00:52:42,880 --> 00:52:45,320 countries around the world are democracies at this point. 899 00:52:46,040 --> 00:52:49,520 So unfortunately, you really have a choice between two. 900 00:52:50,040 --> 00:52:55,040 Do you want a pro Bitcoin person in the position of power or do 901 00:52:55,040 --> 00:52:57,360 you not want to pro Bitcoin person in the position of power? 902 00:52:57,880 --> 00:53:03,200 And to say otherwise, to say that it doesn't matter is 903 00:53:03,200 --> 00:53:08,080 completely naive. An example of that is El 904 00:53:08,080 --> 00:53:11,640 Salvador. I mean, you had a country where 905 00:53:11,640 --> 00:53:15,000 essentially it was, you know, one of the most dangerous 906 00:53:15,000 --> 00:53:17,920 countries on the face of the planet and they got a pro 907 00:53:18,080 --> 00:53:23,440 Bitcoin president in the in you know that in the presidency, 908 00:53:24,240 --> 00:53:26,880 they made Bitcoin legal tender and it became one of the safest 909 00:53:26,880 --> 00:53:28,120 countries on the face of the planet. 910 00:53:29,280 --> 00:53:33,840 So like we always talk about the separation of money and say we 911 00:53:33,840 --> 00:53:37,400 always talk about that. We always talk about how we want 912 00:53:37,400 --> 00:53:40,200 to give back power back to the people in the way that you do. 913 00:53:40,200 --> 00:53:43,600 That is by the people opting out into a money that can't be 914 00:53:43,600 --> 00:53:45,200 debased. We always talk about that 915 00:53:45,200 --> 00:53:51,120 subject. The way that you do that is by 916 00:53:51,160 --> 00:53:54,120 increments, right? It's by moving the Overton 917 00:53:54,120 --> 00:53:56,840 window. Four years ago, if I told you 918 00:53:56,840 --> 00:53:59,040 there was going to be a pro Bitcoin president in the White 919 00:53:59,040 --> 00:54:00,280 House, you would have laughed me out of the room. 920 00:54:00,560 --> 00:54:02,840 You just said that's not going to happen, that's impossible, 921 00:54:02,840 --> 00:54:07,880 That's not true. It happened and now you have a 922 00:54:07,880 --> 00:54:11,400 pro Bitcoin president whose family is buying Bitcoin. 923 00:54:12,280 --> 00:54:16,560 He's indicating that he has the intention to create a strategic 924 00:54:16,560 --> 00:54:19,320 Bitcoin reserve and accumulate more Bitcoin in a budget neutral 925 00:54:19,320 --> 00:54:23,080 fashion. Is that better or worse for 926 00:54:23,080 --> 00:54:26,720 Bitcoin? It's better from a number go up 927 00:54:26,720 --> 00:54:28,520 perspective. It's better from a regulatory 928 00:54:28,520 --> 00:54:30,000 perspective. Is it better from a 929 00:54:30,000 --> 00:54:33,880 revolutionary perspective? No, because the revolution is 930 00:54:33,880 --> 00:54:36,320 people, individuals taking Bitcoin into self custody. 931 00:54:36,320 --> 00:54:37,600 That's how actually things change. 932 00:54:38,240 --> 00:54:43,160 But it's not black and white, it's Gray, and there's full of 933 00:54:43,160 --> 00:54:45,520 nuance. And just to kind of take this 934 00:54:45,520 --> 00:54:48,560 attitude where like, the system is so broken, I just don't feel 935 00:54:48,560 --> 00:54:51,600 like participating. If we all took that attitude, 936 00:54:52,320 --> 00:54:54,840 Ross would still be in prison right now. 937 00:54:55,840 --> 00:54:56,960 So just something to keep in mind. 938 00:54:56,960 --> 00:54:59,400 Operation Choke .2 Point O would still keep going. 939 00:54:59,800 --> 00:55:04,720 So anyways, it goes on to say Eric Kasson took a hit of his 940 00:55:04,720 --> 00:55:06,840 vape on the conference secondary stage. 941 00:55:06,880 --> 00:55:10,200 Hours after Vance finished speaking, the panel's moderator 942 00:55:10,200 --> 00:55:12,320 asked him what he thought of the state. 943 00:55:13,320 --> 00:55:15,400 And he goes on to say all of this is true. 944 00:55:15,640 --> 00:55:18,920 Bitcoin works without the state, he said to the around 100 945 00:55:18,920 --> 00:55:21,720 attendees attend inherently listening quote. 946 00:55:21,720 --> 00:55:25,800 You can own Bitcoin today and exit from this establishment 947 00:55:25,800 --> 00:55:28,960 that that's designed to steal from you and redistribute that 948 00:55:28,960 --> 00:55:33,160 money towards war and horror. That is not a hyperbolic 949 00:55:33,160 --> 00:55:36,200 statement. When they print money, that's a 950 00:55:36,360 --> 00:55:39,000 that's a wealth redistribution mechanism. 951 00:55:39,840 --> 00:55:41,880 Why do you think there's endless wars? 952 00:55:42,080 --> 00:55:45,760 In the Middle Ages, when the king ran out of gold, the war 953 00:55:45,760 --> 00:55:48,400 would end. When you have a money printer, 954 00:55:48,880 --> 00:55:52,960 you can continuously fund that war till the end of time, right? 955 00:55:53,760 --> 00:55:57,120 That wasn't a unique opinion amongst his fellow panelists. 956 00:55:57,400 --> 00:56:00,480 An OG Bitcoiner on the community's podcast circuit who 957 00:56:00,480 --> 00:56:03,520 goes by American Huddle said that there's a real risk that 958 00:56:03,520 --> 00:56:07,360 Bitcoin could lose its status as freedom money the more it cozies 959 00:56:07,520 --> 00:56:10,760 up to the government. And Bruce Fenton, a New 960 00:56:10,760 --> 00:56:14,800 Hampshire Bitcoin investor with 125,000 followers on X, said 961 00:56:14,800 --> 00:56:17,360 politicians need us more than we need them. 962 00:56:17,560 --> 00:56:19,280 I think that's something else to keep in mind. 963 00:56:19,480 --> 00:56:24,280 Remember, do you think Trump did this out of the kindness of his 964 00:56:24,280 --> 00:56:26,000 heart? Do you think these countries are 965 00:56:26,000 --> 00:56:28,480 changing their stance on Bitcoin out of the kindness of their 966 00:56:28,480 --> 00:56:32,160 heart? The fact that Bitcoin that that 967 00:56:32,160 --> 00:56:39,280 Trump campaign towards Bitcoiners is a testament to the 968 00:56:39,280 --> 00:56:43,560 power of our movement. He needed the votes and we gave 969 00:56:43,560 --> 00:56:45,640 him the votes because he came through. 970 00:56:45,760 --> 00:56:47,800 That's the whole point. That's how a representative 971 00:56:47,800 --> 00:56:51,560 democracy works, right? It goes on to say we live in a 972 00:56:51,560 --> 00:56:54,800 state worshipping society and you hear people even at events 973 00:56:54,800 --> 00:56:57,560 like this. Oh boy, the Under Secretary of 974 00:56:57,560 --> 00:56:59,720 this, the elected official here, who cares? 975 00:56:59,720 --> 00:57:02,360 Fence and ask the crowd we should refuse meetings with 976 00:57:02,360 --> 00:57:04,040 them. We do not need these people. 977 00:57:04,040 --> 00:57:05,520 I disagree with that, by the way. 978 00:57:05,600 --> 00:57:09,000 I think there's nuance. There's Gray areas, right? 979 00:57:09,000 --> 00:57:13,560 There's there's, there's President Trump, JD Vance, the 980 00:57:13,560 --> 00:57:16,240 Bitcoin senator, Senator Cynthia Lummis. 981 00:57:16,440 --> 00:57:20,680 I think they've done amazing things for the industry and for 982 00:57:20,680 --> 00:57:23,000 Bitcoin as a whole from a regulatory perspective. 983 00:57:23,200 --> 00:57:25,560 So I disagree with that statement anyways. 984 00:57:25,560 --> 00:57:32,960 It goes on to say here, the community's distrust of the 985 00:57:32,960 --> 00:57:36,800 government goes back to how the technology behind Bitcoin works, 986 00:57:36,800 --> 00:57:39,600 said Nico Moran, host of the daily YouTube show Simply 987 00:57:39,600 --> 00:57:41,480 Bitcoin. The original white paper for 988 00:57:41,480 --> 00:57:44,560 Bitcoin set out to create a transaction transaction system 989 00:57:44,560 --> 00:57:48,200 between two people that didn't need a trusted third party, and 990 00:57:48,200 --> 00:57:50,960 Moran said one of the selling points is being able to use 991 00:57:50,960 --> 00:57:52,720 money the government can't access. 992 00:57:52,960 --> 00:57:55,800 Moran added that historically the community has been less 993 00:57:55,800 --> 00:57:59,320 interested in politics, though that changed under President Joe 994 00:57:59,320 --> 00:58:01,760 Biden. Bitcoiners were forced at the 995 00:58:01,840 --> 00:58:04,680 throw their hat into the ring due to aggressive enforcement 996 00:58:04,920 --> 00:58:08,720 under Biden's tenure and despite Trump delivering on his pro 997 00:58:08,720 --> 00:58:12,400 crypto promises, Moran said most of the community does not like 998 00:58:12,400 --> 00:58:14,840 the industry cozying up to government officials. 999 00:58:15,080 --> 00:58:18,000 Even still, sometimes you have to play the game, which is what 1000 00:58:18,000 --> 00:58:19,440 I've been telling you guys for months now. 1001 00:58:19,920 --> 00:58:22,040 If you're not in the room, you're not in the deal. 1002 00:58:22,160 --> 00:58:24,800 And we're not, we were not in the room in the sea for a very 1003 00:58:24,800 --> 00:58:26,760 long time. We're in the room now. 1004 00:58:27,040 --> 00:58:30,440 I think Bitcoin score is incorruptible, and I think it's 1005 00:58:30,440 --> 00:58:34,000 always going to have this leave me alone type of mentality. 1006 00:58:34,320 --> 00:58:37,360 But the proudly counterculture Bitcoiners walking around the 1007 00:58:37,360 --> 00:58:40,920 Venetian have baggage of their own that may limit their ability 1008 00:58:40,920 --> 00:58:43,680 to go mainstream. I disagree with that part, but 1009 00:58:43,680 --> 00:58:45,240 you guys get the general gist of it. 1010 00:58:45,280 --> 00:58:49,040 Yes, we're going mainstream without a shadow of a doubt. 1011 00:58:49,240 --> 00:58:52,840 Yes, the institutions are here without a doubt. 1012 00:58:52,840 --> 00:58:57,920 Without a shadow of a doubt. Yes, politicians are getting 1013 00:58:57,920 --> 00:59:00,360 involved. Regulations are being talked 1014 00:59:00,360 --> 00:59:03,040 about. Bitcoin Act, the approval of two 1015 00:59:03,040 --> 00:59:06,600 strategic Bitcoin reserves in Texas and New Hampshire. 1016 00:59:07,000 --> 00:59:10,440 These things are all happening. But Jeff, Jeff Booth's quote 1017 00:59:10,440 --> 00:59:14,960 comes to mind. With Bitcoin, you have to get OK 1018 00:59:14,960 --> 00:59:19,400 with even your worst enemies using the technology. 1019 00:59:20,040 --> 00:59:23,080 That's how it works. That's how it is. 1020 00:59:23,360 --> 00:59:27,000 Bitcoin is for anyone, and you have to get used to it. 1021 00:59:27,080 --> 00:59:31,280 That's the reality, right? So look, we have two choices. 1022 00:59:31,440 --> 00:59:35,880 We either choose to get sit on the sideline and just pretend 1023 00:59:35,880 --> 00:59:40,080 politics don't matter. Or we choose to get involved and 1024 00:59:40,080 --> 00:59:45,720 we choose to get our interests pushed forward and protected. 1025 00:59:46,120 --> 00:59:49,960 As Bitcoiners, we have the influence, we continue to get 1026 00:59:49,960 --> 00:59:52,720 wealthier. We have a voting, we have a 1027 00:59:52,720 --> 00:59:57,440 voting demographic block. Why not use that to our 1028 00:59:57,440 --> 01:00:00,280 advantage? I think we all want to move to 1029 01:00:00,280 --> 01:00:02,880 the world of the sovereign individual, where politics don't 1030 01:00:02,880 --> 01:00:06,320 matter because the state no longer has the ability to create 1031 01:00:06,320 --> 01:00:09,600 money out of thin air. I think we all want that future. 1032 01:00:09,720 --> 01:00:11,560 We want a future without central banking. 1033 01:00:11,560 --> 01:00:15,640 I think we all want that. But there's steps and there's a 1034 01:00:15,640 --> 01:00:20,200 process and you have to play the game in order to get there, and 1035 01:00:20,200 --> 01:00:23,480 I think that's the tough pill that Bitcoiners are going to 1036 01:00:23,480 --> 01:00:24,880 have to swallow. Opti. 1037 01:00:26,840 --> 01:00:29,760 Yeah, well, I think you guys know me by now. 1038 01:00:29,760 --> 01:00:31,800 I I do. I do fall more on the lines of 1039 01:00:31,800 --> 01:00:35,120 the Eric case on fuck the state kind of vibes here. 1040 01:00:35,560 --> 01:00:38,840 But as the saying goes, you know, you may not be interested 1041 01:00:38,840 --> 01:00:41,040 in politics, but politics is interested in you. 1042 01:00:41,480 --> 01:00:46,080 And if you're even semi awake at this point, you understand 1043 01:00:46,080 --> 01:00:49,480 politics does affect our lives. And so I don't, I'm, I'm not 1044 01:00:49,480 --> 01:00:53,360 against Bitcoin Co opting both sides of the aisles to get our, 1045 01:00:53,440 --> 01:00:57,240 you know, what we want done. I want to, I want to say this Co 1046 01:00:57,240 --> 01:01:00,040 opting both sides of the aisle democratically right through the 1047 01:01:00,040 --> 01:01:01,680 voting. Yeah, yeah, yeah, by incentives. 1048 01:01:01,680 --> 01:01:05,280 By incentives, basically. Like I, I'm okay with using any 1049 01:01:05,280 --> 01:01:08,600 part of the aisle to further facilitate what we want to 1050 01:01:08,600 --> 01:01:13,760 happen, obviously in a legally democratic, you know, Republic, 1051 01:01:13,960 --> 01:01:15,840 constitutional Republic kind of way. 1052 01:01:16,440 --> 01:01:19,640 I really do believe in the incentives of Bitcoin and that 1053 01:01:19,640 --> 01:01:22,200 once you align yourself to the incentives of Bitcoin, then it 1054 01:01:22,200 --> 01:01:25,680 really does fundamentally rewire your brain and rewire your point 1055 01:01:25,680 --> 01:01:27,640 of view. And I think this is going to 1056 01:01:27,640 --> 01:01:30,800 also happen on the political layer as well. 1057 01:01:30,800 --> 01:01:33,600 Like, look, love or hate the Trump's, look, it's what 1058 01:01:33,600 --> 01:01:35,960 happened to the kids, if anyone there. 1059 01:01:36,160 --> 01:01:38,160 And they even said it themselves, you know, like 1060 01:01:38,160 --> 01:01:42,160 they're not just here for a fad. They understood the necessity of 1061 01:01:42,160 --> 01:01:44,200 Bitcoin. And now they're fundamentally 1062 01:01:44,200 --> 01:01:47,520 trying to grok what's going on here and of course, be an 1063 01:01:47,520 --> 01:01:50,120 advocate for this because one, of course they're incentivized 1064 01:01:50,120 --> 01:01:52,400 to do that. And two, they see the need. 1065 01:01:52,680 --> 01:01:55,760 They've realized that, hey, look, if I don't want what 1066 01:01:55,760 --> 01:01:59,400 happens to me and my family, I need to adopt Bitcoin and then 1067 01:01:59,400 --> 01:02:01,080 further show that to more people. 1068 01:02:01,320 --> 01:02:04,720 And so, well, again, Nico's more of a one issue voter on this. 1069 01:02:04,720 --> 01:02:07,480 I, you know, you guys know my takes on, on voting and stuff, 1070 01:02:07,480 --> 01:02:12,240 but I think if any one of the aisle is for pro Bitcoin stuff 1071 01:02:12,240 --> 01:02:16,400 and they, they're actively and obviously verify that they 1072 01:02:16,400 --> 01:02:19,800 really are Bitcoiners, then I think we should be able to use 1073 01:02:19,800 --> 01:02:22,240 the political means as much as possible to get Bitcoin through 1074 01:02:22,240 --> 01:02:24,760 the door. And as we've seen, this has had 1075 01:02:24,760 --> 01:02:28,600 very clear and immediate consequences in regards to this 1076 01:02:28,600 --> 01:02:30,560 election. So yeah, the Wall Street Journal 1077 01:02:30,560 --> 01:02:35,880 is taking a, you know, a slanted bias take on what's going on 1078 01:02:35,880 --> 01:02:40,120 here because, you know, David Bailey and his, what was it SPAC 1079 01:02:40,120 --> 01:02:44,000 or C PAC? They invested a lot of money 1080 01:02:44,000 --> 01:02:48,680 into the Trump administration as we saw, you know, Trump came out 1081 01:02:48,680 --> 01:02:53,440 pro Bitcoin, the Harris campaign were obviously more pro CBDCS. 1082 01:02:53,800 --> 01:02:58,120 And it's actively and again, very quickly made an effect on 1083 01:02:58,120 --> 01:03:01,000 what's going on here. And that's not just for the US. 1084 01:03:01,000 --> 01:03:04,160 This is this is international at this point, like we talked about 1085 01:03:04,160 --> 01:03:08,040 it yesterday, Napoleon just elected a pro Bitcoin president. 1086 01:03:08,200 --> 01:03:10,800 We're seeing China change its tune around Bitcoin. 1087 01:03:10,800 --> 01:03:12,800 We're seeing they're using Taiwan as a proxy. 1088 01:03:12,800 --> 01:03:16,440 We're seeing Russia go into bit bonds and yesterday or rather 1089 01:03:16,440 --> 01:03:20,440 maybe this morning we saw Korea elect a president that is also 1090 01:03:20,440 --> 01:03:23,320 pro Bitcoin. This is the wave and this is the 1091 01:03:23,320 --> 01:03:25,440 trend. I think we've said it on the 1092 01:03:25,440 --> 01:03:28,520 show for a long time that if you're not pro Bitcoin at this 1093 01:03:28,520 --> 01:03:31,720 point, or maybe this is just the beginning of it, but if in the 1094 01:03:31,720 --> 01:03:34,760 future you want to run for politics, I don't know why you 1095 01:03:34,760 --> 01:03:37,120 would want to. But if if you do have that 1096 01:03:37,120 --> 01:03:39,840 ambition, you're going to have to be pro Bitcoin. 1097 01:03:40,120 --> 01:03:41,960 And we're seeing this play out in real time. 1098 01:03:42,240 --> 01:03:45,600 Like we can say Bitcoin is apolitical, but the most 1099 01:03:45,600 --> 01:03:49,240 political movement in the world is obviously an apolitical 1100 01:03:49,240 --> 01:03:51,640 money. And so I don't think it's above 1101 01:03:51,640 --> 01:03:56,320 what Bitcoiners want to do is to essentially use the system, use 1102 01:03:56,320 --> 01:04:00,440 the beast as it is and have Bitcoin be a Trojan horse and 1103 01:04:00,440 --> 01:04:02,200 get what we all want to see in the future. 1104 01:04:02,440 --> 01:04:05,000 It's not going to be perfect. I know a lot of ideological 1105 01:04:05,000 --> 01:04:08,720 Bitcoiners don't like how it's happening because it's, it's not 1106 01:04:08,720 --> 01:04:12,240 happening exactly as they, you know, foresaw it happen. 1107 01:04:12,440 --> 01:04:14,800 But I think it's happening as it should be. 1108 01:04:14,800 --> 01:04:17,920 And in the future, I'm pretty sure the Bitcoin future, the 1109 01:04:17,920 --> 01:04:21,400 orange future that we're talking about is going to happen with or 1110 01:04:21,400 --> 01:04:23,760 without these politicians. But if we have them on our side, 1111 01:04:23,760 --> 01:04:26,200 I think it'll be a lot easier. And of course, if they get off 1112 01:04:26,200 --> 01:04:28,600 our backs, it's going to be a lot easier for us individually. 1113 01:04:28,600 --> 01:04:30,960 So in the end, all roads lead to Bitcoin. 1114 01:04:30,960 --> 01:04:32,680 We're going to win. I I'm OK with it. 1115 01:04:33,000 --> 01:04:36,400 Absolutely all roads lead to Bitcoin. 1116 01:04:36,400 --> 01:04:38,720 Alright everybody, we're going to hit the culture segment. 1117 01:04:38,720 --> 01:04:42,480 We have tons to cover. We will be right back in just 1118 01:04:42,520 --> 01:04:45,920 one second. I want to give a shout out to 1119 01:04:45,920 --> 01:04:48,280 our partner Hive Digital Technology. 1120 01:04:48,600 --> 01:04:54,160 Why Hive in 2025, unstoppable growth as the first ever public 1121 01:04:54,160 --> 01:04:57,000 miner. Hive's position to quadruple 1122 01:04:57,040 --> 01:05:00,120 their global footprint, making them one of the world's fastest 1123 01:05:00,120 --> 01:05:04,440 growing miners in 2025. And with elite operations that 1124 01:05:04,440 --> 01:05:08,120 consistently top the industry in Bitcoin mine, per Exahash, 1125 01:05:08,280 --> 01:05:10,520 Hive's now headquartered in the USA. 1126 01:05:10,800 --> 01:05:13,960 They're lean and mean, they're green and clean, and they're 1127 01:05:13,960 --> 01:05:17,480 rewriting the playbook on sustainable Bitcoin mining. 1128 01:05:17,680 --> 01:05:22,120 You can catch the latest buzz at Hive Digital Tech or at Hive 1129 01:05:22,280 --> 01:05:30,760 digitaltech.com. You need liquidity without 1130 01:05:30,760 --> 01:05:33,920 having to sell your Bitcoin. 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Essentially, what they do is 1140 01:06:00,080 --> 01:06:02,560 that they help their clients unlock the liquidity of their 1141 01:06:02,560 --> 01:06:07,040 BTC, allowing you to huddle while still accessing the wealth 1142 01:06:07,120 --> 01:06:09,760 of your Bitcoin. They've been battle tested with 1143 01:06:09,760 --> 01:06:13,760 their focus on transparency, security, and trust, allowing 1144 01:06:13,760 --> 01:06:17,640 them to build a proven track record of client success and 1145 01:06:17,640 --> 01:06:21,160 security, helping 10s of thousands of clients harness the 1146 01:06:21,160 --> 01:06:24,760 value of their digital assets with confidence and Peace of 1147 01:06:24,760 --> 01:06:27,760 Mind. Learn more about what your BTC 1148 01:06:27,800 --> 01:06:32,760 can do for you today. Simply Bitcoin viewers get .25% 1149 01:06:32,760 --> 01:06:36,280 off their first loan by using the link in the video slash 1150 01:06:36,280 --> 01:06:38,680 podcast description. What are you waiting for? 1151 01:06:38,720 --> 01:06:41,320 Head over to leaden dot IO today. 1152 01:06:46,720 --> 01:06:52,040 All right, everybody, we are back and Opti is launching a 1153 01:06:52,040 --> 01:06:53,760 paid. Group you can't see this. 1154 01:06:53,880 --> 01:06:55,720 Opti is. No, no, no, I'm not. 1155 01:06:56,240 --> 01:06:57,480 I'm totally not you. Can. 1156 01:06:57,680 --> 01:07:02,000 Go to actually here is my free paid group advice that if you 1157 01:07:02,000 --> 01:07:04,640 want to pay me, you know what? I don't know what the paid group 1158 01:07:04,640 --> 01:07:08,120 prices are $1000 a month for. It's literally just smashed by 1159 01:07:08,120 --> 01:07:10,280 Bitcoin. Every time you have Fiat there 1160 01:07:10,280 --> 01:07:14,320 is your paid group advice. No, this is kind of a meme. 1161 01:07:14,840 --> 01:07:17,480 And I see everyone in the chat and I actually saw a comment 1162 01:07:17,480 --> 01:07:19,760 earlier and someone's like, with all this good news, why isn't 1163 01:07:19,760 --> 01:07:21,680 the price going up? And this is probably the 1164 01:07:21,680 --> 01:07:23,200 question everyone's asking right now. 1165 01:07:23,200 --> 01:07:26,600 It's like we're getting literally the most bullish news 1166 01:07:26,600 --> 01:07:31,120 cycle ever and supposedly some of the biggest buys in Bitcoin, 1167 01:07:31,400 --> 01:07:34,720 but the price is still kind of going sideways. 1168 01:07:34,720 --> 01:07:38,160 What's going on? And Jason Williams, AKA going 1169 01:07:38,160 --> 01:07:40,560 parabolic on Twitter, he did this funny tweet, this one, he 1170 01:07:40,560 --> 01:07:43,960 goes, Bitcoin is the only market in history where buyers come in, 1171 01:07:43,960 --> 01:07:47,320 buy 1 billion, $10 worth of the asset and the price goes down. 1172 01:07:47,520 --> 01:07:51,800 That's how markets work, right, Right, guys, isn't this what's 1173 01:07:51,800 --> 01:07:53,920 going on? And, and essentially the, the 1174 01:07:53,920 --> 01:07:57,400 joke here is with all the amount of buys that we're hearing from 1175 01:07:57,400 --> 01:08:02,600 Metaplanet, MicroStrategy, 21 Capital, you know, potentially 1176 01:08:02,600 --> 01:08:06,280 nation states buying, we're having hundreds of Bitcoin 1177 01:08:06,280 --> 01:08:08,560 treasury companies pop up everywhere. 1178 01:08:08,720 --> 01:08:11,200 They're scooping up and BlackRock, you know, they're 1179 01:08:11,200 --> 01:08:15,080 scooping up literally more Bitcoin than a year supply of 1180 01:08:15,080 --> 01:08:17,680 Bitcoin that will be mined throughout the year. 1181 01:08:18,200 --> 01:08:20,600 Like what is going on? The, the ETF is the most 1182 01:08:20,600 --> 01:08:23,960 successful ETF launch ever. They're holding, I don't know, 1183 01:08:24,600 --> 01:08:26,600 hundreds of thousands. I think it might even actually 1184 01:08:26,600 --> 01:08:28,560 it's millions of Bitcoin at this point. 1185 01:08:28,840 --> 01:08:32,800 We know MicroStrategy themselves hold half a million Bitcoin and 1186 01:08:32,800 --> 01:08:34,279 there's new entrance every single day. 1187 01:08:34,279 --> 01:08:37,760 And you think with all of this buy pressure, something would 1188 01:08:37,760 --> 01:08:40,319 happen and the price of Bitcoin would go up? 1189 01:08:40,880 --> 01:08:44,880 Well, yes and no. I think when you just think of 1190 01:08:44,880 --> 01:08:49,560 simple supply demand economics, there's probably a lot of OG 1191 01:08:49,560 --> 01:08:53,160 holders that are selling their Bitcoin or rather nation states 1192 01:08:53,160 --> 01:08:56,439 dumping their Bitcoin holdings. We still have not heard back 1193 01:08:56,439 --> 01:08:59,200 with what is going on with the US Bitcoin. 1194 01:08:59,960 --> 01:09:03,439 Show me them coins bro. Where is the audit is the big 1195 01:09:03,439 --> 01:09:06,319 question. Anyways, I say all that to kind 1196 01:09:06,319 --> 01:09:10,200 of breakdown for everyone, this great article from Coin 1197 01:09:10,200 --> 01:09:12,120 Telegraph. Now we all know Coin Telegraph, 1198 01:09:12,120 --> 01:09:15,240 it's a little shit corner, but they did do a good article on 1199 01:09:15,359 --> 01:09:18,240 what moves the Bitcoin price. And I'm not going to read the 1200 01:09:18,240 --> 01:09:19,640 whole thing. I'm just going to kind of break 1201 01:09:19,640 --> 01:09:22,560 it down, but I'll read the conclusion, which I think is the 1202 01:09:22,560 --> 01:09:24,479 whole signal here for every one of us. 1203 01:09:24,479 --> 01:09:28,960 So the title is who really controls Bitcoin price in 2025? 1204 01:09:28,960 --> 01:09:31,359 Whales, devs or governments? Explain. 1205 01:09:31,720 --> 01:09:34,760 And then it goes into how do the whales influence Bitcoin, you 1206 01:09:34,760 --> 01:09:37,439 know, market makers, etcetera. It's talking about the number of 1207 01:09:37,439 --> 01:09:41,279 wallets holding 1000 plus coins, whether they're Ogs or whether 1208 01:09:41,279 --> 01:09:44,120 they're exchanges and and hedge funds. 1209 01:09:44,600 --> 01:09:47,160 But there is an interesting number here. 1210 01:09:47,160 --> 01:09:51,960 And of course, as I mentioned, BlackRock and strategy alone 1211 01:09:51,960 --> 01:09:55,840 hold a shit ton of Bitcoin. Forgive me, I know this a family 1212 01:09:55,840 --> 01:10:00,360 friendly show, but together the two firms control an estimated 1213 01:10:00,360 --> 01:10:03,880 6% of the total Bitcoin supply, a staggering figure in an 1214 01:10:03,880 --> 01:10:07,160 ecosystem with fixed issuance and increasingly thin exchange 1215 01:10:07,160 --> 01:10:10,120 liquidity. Now, the point that I think a 1216 01:10:10,120 --> 01:10:13,120 lot of Bitcoiners, or rather even us who've been here for a 1217 01:10:13,120 --> 01:10:16,160 long time, we always hear about the whales, you know, oh, it's 1218 01:10:16,160 --> 01:10:17,480 the whales suppressing the price. 1219 01:10:17,480 --> 01:10:19,040 Oh, it's the whales pumping the price. 1220 01:10:19,280 --> 01:10:22,640 Well, from their data points, it's starting to show that 1221 01:10:22,640 --> 01:10:25,280 there's essentially two different whales being played 1222 01:10:25,280 --> 01:10:27,200 out. We have the OG Bitcoin whales 1223 01:10:27,200 --> 01:10:29,960 that one to accumulate Bitcoin for the long term and we 1224 01:10:29,960 --> 01:10:32,760 seemingly have the new institutional interest here from 1225 01:10:32,760 --> 01:10:36,760 the hedge funds that are looking for more short term capital and 1226 01:10:36,760 --> 01:10:38,520 it goes. Whales aren't necessarily 1227 01:10:38,520 --> 01:10:41,040 hodlers either. They buy at scale, take profits 1228 01:10:41,040 --> 01:10:44,760 on strength and often offload right when retail piles in. 1229 01:10:44,880 --> 01:10:48,680 Since the start of 2025, several major corrections have followed 1230 01:10:48,720 --> 01:10:52,040 large inflows to exchanges from whale wallets, a pattern on 1231 01:10:52,040 --> 01:10:54,080 chain analysts flagged as early as February. 1232 01:10:54,360 --> 01:10:57,400 On the flip side, stretches of dormancy and whale wallets have 1233 01:10:57,880 --> 01:11:01,360 coincided with upward price momentum, including bitcoins 1234 01:11:01,360 --> 01:11:04,920 climb past 110,000. That said, not all whales are 1235 01:11:04,920 --> 01:11:07,760 short term traders. Data from Crypto Quaint shows 1236 01:11:07,760 --> 01:11:12,080 that long standing whale addresses have realized just 675 1237 01:11:12,120 --> 01:11:15,880 or $79 million in profits since April, while new or large 1238 01:11:15,880 --> 01:11:19,320 holders, largely likely hedge funds or high net worth 1239 01:11:19,320 --> 01:11:23,600 individuals, have taken over $3.2 billion off the table in 1240 01:11:23,600 --> 01:11:26,200 the same period. This suggests A bifurcation 1241 01:11:26,200 --> 01:11:29,440 early wears whales here to be consolidating for the long haul 1242 01:11:29,560 --> 01:11:32,520 while new entrants are quicker to cash out. 1243 01:11:32,800 --> 01:11:35,280 And I think we've been seeing this in the data ever since the 1244 01:11:35,280 --> 01:11:37,880 institutions have coming the, you know, high frequency 1245 01:11:37,880 --> 01:11:39,920 traders. We have seen some interesting 1246 01:11:39,920 --> 01:11:42,960 stuff on the chart where it's kind of breaking from old 1247 01:11:42,960 --> 01:11:46,200 patterns, which I I think again is going into this idea of like 1248 01:11:46,200 --> 01:11:48,080 maybe this time is different. Maybe we're going to get a 1249 01:11:48,080 --> 01:11:52,080 longer bull, bull, bull cycle and a bull cycle. 1250 01:11:52,080 --> 01:11:55,160 Hold on, I'm choking over here guys. 1251 01:11:55,560 --> 01:11:58,120 Whale behavior may be nuanced, but the impact remains blunt. 1252 01:11:58,120 --> 01:12:00,680 Whether they're accumulating or distributing, these entities 1253 01:12:00,680 --> 01:12:03,440 continue to play an outside's role in setting the tone and 1254 01:12:03,440 --> 01:12:05,040 direction of bitcoins price action. 1255 01:12:05,560 --> 01:12:08,280 Obviously if you're familiar with markets, you know, the 1256 01:12:08,280 --> 01:12:12,280 market makers are really in control or if you're more, you 1257 01:12:12,280 --> 01:12:14,720 know, tinfoil have bitcoiners, you're probably thinking the 1258 01:12:14,720 --> 01:12:17,040 exchanges are trading against you and those are probably the 1259 01:12:17,040 --> 01:12:19,040 whales. This is why we don't recommend 1260 01:12:19,040 --> 01:12:21,800 you guys trade. Next is this idea of can the 1261 01:12:21,800 --> 01:12:26,440 developers influence the Bitcoin price now indirectly they can 1262 01:12:26,440 --> 01:12:29,360 essentially by, you know, implementing new upgrades. 1263 01:12:29,360 --> 01:12:32,120 We haven't seen many in in the past few years. 1264 01:12:32,120 --> 01:12:34,160 There's a lot of talk of some new upgrades. 1265 01:12:34,320 --> 01:12:36,400 There's even been talks about hard forks, which I think 1266 01:12:36,560 --> 01:12:41,280 probably is off the table. But TLDR, the debs don't really 1267 01:12:41,280 --> 01:12:43,960 influence the Bitcoin price. Yes, there is some hype and 1268 01:12:43,960 --> 01:12:46,520 there is some correlation with new upgrades to Bitcoin and the 1269 01:12:46,520 --> 01:12:49,440 price going up. But essentially, you know, they 1270 01:12:49,480 --> 01:12:51,840 they can make it look better, but they're not the ones really 1271 01:12:51,840 --> 01:12:53,720 driving the price. If anything, it's the whales. 1272 01:12:53,720 --> 01:12:57,520 Now moving forward, the second or third one is how governments 1273 01:12:57,520 --> 01:12:59,800 don't control Bitcoin but still move the market. 1274 01:13:00,000 --> 01:13:04,400 Now this may change because we do have a lot of rumors or a lot 1275 01:13:04,400 --> 01:13:06,640 of talk about nation states buying Bitcoin. 1276 01:13:06,840 --> 01:13:10,120 And if they do go into buying millions of Bitcoin, then that's 1277 01:13:10,120 --> 01:13:12,840 obviously going to move the price or rather maybe the price 1278 01:13:12,840 --> 01:13:15,520 floor of Bitcoin. But from their take, they don't 1279 01:13:15,520 --> 01:13:18,200 necessarily move the price, but they can hamper the price with 1280 01:13:18,200 --> 01:13:20,880 regulations or the China ban, etcetera. 1281 01:13:20,880 --> 01:13:25,360 There is ways that governments can essentially stifle the 1282 01:13:25,360 --> 01:13:29,760 Bitcoin price runs as we saw in 2021 when China had the mining 1283 01:13:29,760 --> 01:13:32,000 ban. But essentially the regulations 1284 01:13:32,000 --> 01:13:35,520 are, you know, some red tape to basically scare away investors 1285 01:13:35,520 --> 01:13:38,560 from Bitcoin. And this is where it all kind of 1286 01:13:38,560 --> 01:13:40,960 comes together. What drives Bitcoins price? 1287 01:13:41,040 --> 01:13:43,080 Who really controls Bitcoin's price? 1288 01:13:43,280 --> 01:13:45,520 It's not the whales alone. It's not the core devs. 1289 01:13:45,520 --> 01:13:48,680 It's not the SEC, the Fed, or the Chinese Politburo. 1290 01:13:48,880 --> 01:13:52,120 It's all of them, and none of them tangled in a decentralized 1291 01:13:52,120 --> 01:13:55,120 tug of war where power is shared, situational, and 1292 01:13:55,120 --> 01:13:56,960 constantly shifting. One. 1293 01:13:56,960 --> 01:14:00,000 Whales still move volume, especially in illiquid moments. 1294 01:14:00,200 --> 01:14:03,040 Developers shape the protocol, laying the rails for future use 1295 01:14:03,040 --> 01:14:05,080 cases. Government add pressure or 1296 01:14:05,080 --> 01:14:08,480 permission through regulation, taxation and enforcement and 1297 01:14:08,480 --> 01:14:11,480 macro forces, interest rates, inflation and dollar strength 1298 01:14:11,680 --> 01:14:16,440 set the broader risk appetite. But those are just the headline 1299 01:14:16,440 --> 01:14:19,080 players sentiment to hold the real way. 1300 01:14:19,320 --> 01:14:22,040 Retail euphoria can create parabolic runs. 1301 01:14:22,240 --> 01:14:24,720 Institutional caution can trigger sharp retreats. 1302 01:14:24,920 --> 01:14:28,440 Even social narratives from AI hype to global instability now 1303 01:14:28,440 --> 01:14:32,160 influence how Bitcoin is positioned in portfolio and 1304 01:14:32,160 --> 01:14:34,200 2025. You seen this interplay in 1305 01:14:34,200 --> 01:14:37,520 action spot ETF approvals brought record inflows but not 1306 01:14:37,520 --> 01:14:40,400 always sustained rallies. Regulatory crackdowns in one 1307 01:14:40,400 --> 01:14:42,600 region where we're met with growth in another. 1308 01:14:42,720 --> 01:14:45,440 Whale movements triggered less panic in calmer markets. 1309 01:14:45,600 --> 01:14:48,560 And sometimes the biggest surges came from narrative momentum 1310 01:14:48,560 --> 01:14:51,800 alone, not fundamentals. That's the paradox of Bitcoin. 1311 01:14:51,800 --> 01:14:54,320 It's decentralized but not immune to influence. 1312 01:14:54,440 --> 01:14:58,640 It reflects belief, behavior and a constant negotiation between 1313 01:14:58,640 --> 01:15:01,480 users, builders, institutions and regulators. 1314 01:15:01,480 --> 01:15:05,240 The price is less a verdict than a pulse tracking confidence, 1315 01:15:05,240 --> 01:15:07,800 uncertainty and conviction in real time. 1316 01:15:08,480 --> 01:15:11,200 And as we've been covering on the show, we have yet to see 1317 01:15:11,200 --> 01:15:15,120 retail come in. And now you could arguably say 1318 01:15:15,120 --> 01:15:18,520 that maybe retail won't have the impact that it's had in the past 1319 01:15:18,520 --> 01:15:21,400 'cause now we really have the institutional deep pockets come 1320 01:15:21,400 --> 01:15:22,960 in. We have the nation states coming 1321 01:15:22,960 --> 01:15:26,040 in. But we are seeing something go 1322 01:15:26,040 --> 01:15:28,520 on that I've always called, you know, the billionaire Fudd 1323 01:15:28,520 --> 01:15:30,760 playbook. We literally saw Jamie Dimon 1324 01:15:30,760 --> 01:15:34,280 last week basically concede to the idea that his customers want 1325 01:15:34,280 --> 01:15:37,560 Bitcoin. So I would just argue, guys, as 1326 01:15:37,560 --> 01:15:41,240 we always say, chill out, zoom out stacks ads. 1327 01:15:41,240 --> 01:15:45,360 The price is going to run. Now what is going to be the last 1328 01:15:45,360 --> 01:15:48,640 straw that breaks the camel back for it to really start pumping? 1329 01:15:49,440 --> 01:15:52,520 We don't know what that catalyst is going to be, but it's 1330 01:15:52,520 --> 01:15:57,840 starting to play out in a way where I'm I'm starting to feel 1331 01:15:57,840 --> 01:15:59,920 feel it, Nico. I'm starting to feel it in my 1332 01:15:59,920 --> 01:16:02,440 oracles here. It's going to start moving. 1333 01:16:02,440 --> 01:16:05,080 It is moving. I can feel it in my plums, Nico. 1334 01:16:05,080 --> 01:16:06,840 It's gonna it's gonna start ripping. 1335 01:16:06,840 --> 01:16:09,720 I think everyone watching Bitcoin and you can almost see 1336 01:16:09,720 --> 01:16:12,760 the sentiment as well, not only just like in the chat, but on 1337 01:16:12,760 --> 01:16:14,960 Twitter. This is why everyone's arguing 1338 01:16:14,960 --> 01:16:17,800 about stuff is like when the price goes sideways or it goes 1339 01:16:17,800 --> 01:16:19,720 down. This is when Bitcoin corners 1340 01:16:19,720 --> 01:16:22,400 attack each other and when it goes up, that's when we get 1341 01:16:22,400 --> 01:16:24,800 euphoric. And I, I think we're saying 1342 01:16:24,800 --> 01:16:28,640 seeing this dynamic play out in real time, but something's going 1343 01:16:28,640 --> 01:16:30,160 to break Nico and. It's going to. 1344 01:16:30,440 --> 01:16:33,640 Break upwards. Upwards 100% I mean, look, I 1345 01:16:33,640 --> 01:16:35,600 we've been saying this for quite a while now. 1346 01:16:35,600 --> 01:16:38,680 I think this is the most bullish cycle from a news perspective, 1347 01:16:39,200 --> 01:16:41,840 from a price action perspective, this has been one of the worst 1348 01:16:41,840 --> 01:16:44,320 cycles to be honest with you. I think it's just a matter of 1349 01:16:44,320 --> 01:16:49,840 time before the price action catches up with all of the 1350 01:16:49,880 --> 01:16:53,720 insane news that is happening. And just to kind of show you 1351 01:16:53,720 --> 01:16:59,360 guys Google trends, right? You know, we had like kind of 1352 01:16:59,360 --> 01:17:03,320 like a mini blow off top in November and December where 1353 01:17:03,320 --> 01:17:06,840 people were searching Bitcoin back in 2021. 1354 01:17:07,080 --> 01:17:11,640 There was interest, but we haven't we haven't reached the 1355 01:17:11,640 --> 01:17:16,280 euphoria of 2017. We haven't gotten back to that. 1356 01:17:16,680 --> 01:17:21,800 You know, we have not even got him back to the euphoria we. 1357 01:17:21,800 --> 01:17:25,600 Haven't add him back yet. To the to the euphoria of of 1358 01:17:25,600 --> 01:17:29,120 Bitcoin being surged since 2017, right. 1359 01:17:29,400 --> 01:17:32,240 So I think those days are going to come back. 1360 01:17:32,440 --> 01:17:35,840 I think 2021 was artificially cut short because of the China 1361 01:17:35,840 --> 01:17:38,240 mining ban. I think with everything that's 1362 01:17:38,240 --> 01:17:41,520 happening, the general consensus that I feel this cycle is 1363 01:17:41,520 --> 01:17:43,800 everyone is like kind of bearish in a way. 1364 01:17:43,840 --> 01:17:47,360 Like it's like, look like, you know, Bitcoin's gonna hit 1365 01:17:47,360 --> 01:17:50,360 150K200K. You know, this is it. 1366 01:17:50,360 --> 01:17:54,040 And, and, and I'll tell you this guys, normally when everyone is 1367 01:17:54,040 --> 01:17:57,840 predicting a price, that's not how it works. 1368 01:17:57,840 --> 01:18:04,080 Like no one knew in 2017 when Bitcoin was at $1000 that it was 1369 01:18:04,080 --> 01:18:08,000 going to end AT20K. No one in their right mind knew. 1370 01:18:08,240 --> 01:18:10,960 It just became this like mania phase. 1371 01:18:11,280 --> 01:18:13,400 And I think there's a probability of that happening 1372 01:18:13,400 --> 01:18:15,320 again. Like there's a, there's a zero 1373 01:18:15,320 --> 01:18:19,800 chance, you know, probability that, that that happens again. 1374 01:18:19,800 --> 01:18:22,640 And I'm all for it. But again, you got to stay 1375 01:18:22,640 --> 01:18:27,080 humble, stack sats and hold on for dear life. 1376 01:18:27,080 --> 01:18:28,800 Like that's really how Bitcoin works. 1377 01:18:29,160 --> 01:18:32,200 You know, Nico, everyone actually this one's kind of the 1378 01:18:32,200 --> 01:18:35,760 consensus that I, that I heard from a lot of people at the 1379 01:18:35,760 --> 01:18:39,040 Bitcoin conference, you know, just jokingly and, and kind of 1380 01:18:39,040 --> 01:18:40,880 trolling a little bit. You, you always ask people like, 1381 01:18:40,880 --> 01:18:42,440 what is your Bitcoin price prediction? 1382 01:18:42,840 --> 01:18:48,360 And so many people said like, oh, I think 150, 160 and like, 1383 01:18:48,360 --> 01:18:51,040 me and like Ruston are looking at each other and we're like, 1384 01:18:51,040 --> 01:18:53,000 yeah, look at all these bears like that. 1385 01:18:53,000 --> 01:18:55,600 That's so bearish. And then I don't know if you 1386 01:18:55,600 --> 01:18:57,720 guys caught the interview I did with CJ. 1387 01:18:58,320 --> 01:19:01,640 It was absolutely a banger. And I think he was the only 1388 01:19:01,640 --> 01:19:05,720 person that with a straight and sober face said, yeah, we're 1389 01:19:05,720 --> 01:19:10,600 going to like 321 easily by, you know, data points. 1390 01:19:11,040 --> 01:19:14,280 And I was he's like, yes, this is my kind of dude. 1391 01:19:14,280 --> 01:19:18,280 Like this is the kind of Bitcoin that I like all these vanilla 1392 01:19:18,520 --> 01:19:21,640 150K. I'm like, bro, get out of here. 1393 01:19:21,640 --> 01:19:24,120 What are you even doing here? Like 150 K. 1394 01:19:24,120 --> 01:19:26,440 This is what are these numbers for ants? 1395 01:19:26,440 --> 01:19:29,600 And then and then CJ is like 321 K period. 1396 01:19:29,600 --> 01:19:31,560 Go check out the interview. He'll he'll break down all the 1397 01:19:31,560 --> 01:19:33,120 masks for you. It's on our channel already. 1398 01:19:33,120 --> 01:19:35,040 He he killed it. Love, CJ. 1399 01:19:35,440 --> 01:19:38,040 Absolutely. All right everybody that was 1400 01:19:38,040 --> 01:19:39,360 today's show. If you guys enjoyed the show, 1401 01:19:39,360 --> 01:19:41,600 you know what to do smash the like button consider subscribing 1402 01:19:41,600 --> 01:19:44,640 if you feel like we provided you value guys, we absolutely love 1403 01:19:44,640 --> 01:19:47,480 you love you all. We wouldn't be here without you. 1404 01:19:47,480 --> 01:19:52,000 We appreciate the love, the support and guys subscribe to 1405 01:19:52,000 --> 01:19:54,960 Simply Bitcoin. Subscribe to us on on all the 1406 01:19:54,960 --> 01:19:58,480 platforms, give us a comment, give us a share really helps 1407 01:19:58,480 --> 01:20:00,480 with the show. 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