1 00:00:03,720 --> 00:00:06,080 It's. All going to zero against 2 00:00:06,080 --> 00:00:08,560 Bitcoin. It's going up forever. 3 00:00:16,120 --> 00:00:22,000 You're against Bitcoin. You're against freedom yo. 4 00:00:22,000 --> 00:00:25,080 Welcome to another episode of Simply Bitcoin Live. 5 00:00:25,080 --> 00:00:27,320 You're a number one source for the peaceful Bitcoin revolution 6 00:00:27,320 --> 00:00:29,160 and code breaking news. Culture, Matic warfare. 7 00:00:29,160 --> 00:00:32,000 We will be your guide through the separation of money and 8 00:00:32,000 --> 00:00:35,640 state. You know, in nature there are 9 00:00:35,640 --> 00:00:38,560 these laws. The laws of nature can't be 10 00:00:38,560 --> 00:00:41,960 broken. And there's a a law of nature 11 00:00:41,960 --> 00:00:45,680 that a lot of people don't know. They they they don't, they don't 12 00:00:45,680 --> 00:00:47,640 know. They don't know about this law. 13 00:00:47,640 --> 00:00:50,680 It's it's it's a law that you know, unless you're plugged in, 14 00:00:51,280 --> 00:00:53,720 you know, unless you're in the digital trenches, you're very 15 00:00:53,720 --> 00:00:58,480 well aware of this law. But if not, you don't, you're 16 00:00:58,480 --> 00:01:00,280 not aware of this law. But it is a law. 17 00:01:00,280 --> 00:01:03,160 It is a law of nature. It cannot be broken. 18 00:01:03,640 --> 00:01:07,000 And the law I'm talking about is the law of the inverse Kramer, 19 00:01:07,400 --> 00:01:11,280 right. So anything Jim Cramer says, the 20 00:01:11,280 --> 00:01:16,080 exact opposite tends to happen. So yesterday on CNNBC we played 21 00:01:16,080 --> 00:01:19,440 you guys a clip of Jim Cramer. I'm, I'm, I'm, I'm like half 22 00:01:19,440 --> 00:01:21,320 joking right now. I'm, I'm serious. 23 00:01:21,320 --> 00:01:25,320 And I'm also not serious because it's just like, it's just 24 00:01:25,320 --> 00:01:29,360 hysterical. So he went on CNNBC yesterday, 25 00:01:29,640 --> 00:01:31,160 he said you can't kill this thing. 26 00:01:31,280 --> 00:01:33,120 He was talking positively about Bitcoin. 27 00:01:33,120 --> 00:01:36,200 He brought up Charlie Munger, etcetera, etcetera. 28 00:01:36,720 --> 00:01:39,680 And then as a joke, I'm like, all right guys, pack it up. 29 00:01:39,840 --> 00:01:41,520 You know, it's over. It's done. 30 00:01:41,920 --> 00:01:45,920 Because every single time Jim Cramer says something positive 31 00:01:46,600 --> 00:01:53,720 about anything, literally like a day after the week after, just 32 00:01:53,720 --> 00:01:55,520 things blow up. And that's exactly what 33 00:01:55,520 --> 00:01:58,920 happened, ladies and gentlemen, last night the price of Bitcoin 34 00:01:58,920 --> 00:02:04,640 fell from 45,300. We had a Wick down to 40K. 35 00:02:04,960 --> 00:02:07,280 It's required. It's recovered quite a bit ever 36 00:02:07,280 --> 00:02:11,160 since then. But I I, I I think, you know, 37 00:02:11,440 --> 00:02:14,800 I'm joking here but I think Elizabeth Warren is a little bit 38 00:02:14,800 --> 00:02:17,880 spooked. I I I think Janet Yellen and 39 00:02:17,880 --> 00:02:20,680 they, you know, they they they called in the heavy guns, the 40 00:02:20,720 --> 00:02:24,280 heavy artillery and they called in Jim Cramer. 41 00:02:24,760 --> 00:02:28,560 No, but I'm just kidding. What actually happened was this 42 00:02:28,560 --> 00:02:35,080 publication that is owned by Jihan Wu released an article 43 00:02:35,760 --> 00:02:42,520 basically saying why the spot Bitcoin ETF was going to get 44 00:02:42,520 --> 00:02:46,280 rejected. Essentially FUD it it was FUD, 45 00:02:46,800 --> 00:02:49,960 but it did spook the market. It did 'cause the price of 46 00:02:49,960 --> 00:02:52,960 Bitcoin to crash. We have all the receipts for you 47 00:02:52,960 --> 00:02:54,120 guys. So we're going to go through the 48 00:02:54,120 --> 00:02:57,320 whole odyssey of what happened in the last 24 hours. 49 00:02:58,680 --> 00:03:03,360 But you know it's a continuation of the trend because remember 50 00:03:03,360 --> 00:03:07,280 what started this run up it because we were we were straight 51 00:03:07,280 --> 00:03:10,680 chilling 2530 K We were there for for a minute. 52 00:03:10,680 --> 00:03:16,720 We were there for a while and this coin Telegraph, you know, a 53 00:03:16,720 --> 00:03:20,120 tweet came out, that poor intern, maybe he's still there 54 00:03:20,640 --> 00:03:23,240 and the price of Bitcoin started pumping. 55 00:03:23,240 --> 00:03:26,600 That's when we got the 35, the 37, the, you know, the 40. 56 00:03:26,800 --> 00:03:30,120 And it really started this run up, you know, 'cause we were at 57 00:03:30,120 --> 00:03:35,760 30K not not too many months ago. And I see it again. 58 00:03:36,160 --> 00:03:42,760 I see the pattern, which is unconfirmed media moving the 59 00:03:42,760 --> 00:03:47,040 price of Bitcoin a lot. You're talking about 10% move, 60 00:03:47,880 --> 00:03:49,440 right? People got absolutely wrecked. 61 00:03:49,640 --> 00:03:54,240 So my question to you guys is how much of this is sinister? 62 00:03:54,440 --> 00:03:56,360 Like, how much of this is on purpose? 63 00:03:56,360 --> 00:03:59,560 Like, because I'll tell you what, like, if you're an insider 64 00:03:59,880 --> 00:04:02,520 and you know what's gonna happen when you drop this article, 65 00:04:02,680 --> 00:04:04,880 you're gonna make a fortune, right? 66 00:04:06,080 --> 00:04:08,440 So I, I, I don't know what's going on. 67 00:04:08,440 --> 00:04:11,120 Like there, there's some things going on in the background. 68 00:04:11,880 --> 00:04:16,279 But I'll tell you this guys, if you listen to our advice, which 69 00:04:16,279 --> 00:04:19,360 is stay humble, Stack sats, don't lose, don't use leverage. 70 00:04:19,360 --> 00:04:23,880 And what the legendary of akingo says, shout out three O 5 till I 71 00:04:23,880 --> 00:04:27,920 die. Stay humble, Stack Sats, stay 72 00:04:27,920 --> 00:04:32,080 solvent. All of this is just 73 00:04:32,200 --> 00:04:34,200 entertainment. You're just looking on the 74 00:04:34,200 --> 00:04:35,480 sidelines. You're like sweet. 75 00:04:35,880 --> 00:04:38,280 And honestly guys, maybe this is selfish. 76 00:04:38,960 --> 00:04:44,640 I I I would love for Bitcoin to go back down to 35 K 30K cheaper 77 00:04:44,640 --> 00:04:46,360 Bitcoin. That's great. 78 00:04:46,360 --> 00:04:48,000 I hope it takes a little bit longer. 79 00:04:48,000 --> 00:04:51,160 Maybe that's selfish of me saying that, but that's how I 80 00:04:51,160 --> 00:04:53,840 feel. In other news, I broke my 81 00:04:53,840 --> 00:04:57,000 computer last night which acts it sucks. 82 00:04:57,000 --> 00:05:01,720 I literally dropped this glass water cause Opti and Sophie were 83 00:05:01,720 --> 00:05:05,200 convincing me Nico don't drink out of plastic. 84 00:05:05,200 --> 00:05:09,640 So I threw the essential out and I literally dropped a full water 85 00:05:09,640 --> 00:05:15,680 bottle on on, you know, on my laptop and it just shattered. 86 00:05:15,680 --> 00:05:17,600 Thank God I have Sophie's laptop. 87 00:05:17,600 --> 00:05:20,520 I have, you know, I have AI, have AI, have a company laptop 88 00:05:20,520 --> 00:05:23,200 as well that I could continue my work on. 89 00:05:23,400 --> 00:05:25,520 So maybe the production's going to be a little bit different 90 00:05:25,520 --> 00:05:29,200 today, but regardless, it's going to be a hell of a show. 91 00:05:29,200 --> 00:05:32,920 I'm really excited. There is literally never one day 92 00:05:32,920 --> 00:05:34,480 in Bitcoin. That is boring. 93 00:05:34,480 --> 00:05:37,520 There is always something happening, and that's a good 94 00:05:37,520 --> 00:05:39,680 thing because it gives us something to talk about. 95 00:05:40,040 --> 00:05:43,080 And you know, they don't really call the Bitcoin roller coaster 96 00:05:43,080 --> 00:05:44,800 for no reason. Opti. 97 00:05:44,880 --> 00:05:47,960 Holy cow, bro. I wish, I wish I was there to 98 00:05:48,000 --> 00:05:52,080 scoop up that sweet, sweet, cheap Bitcoin, that 40K Bitcoin. 99 00:05:52,800 --> 00:05:54,800 But this is crazy, bro. This is crazy. 100 00:05:54,840 --> 00:05:57,800 We need some more insider information so we can short 101 00:05:57,800 --> 00:06:00,720 Bitcoin so we can do the unholy act of shorting Bitcoin like 102 00:06:00,720 --> 00:06:03,520 Jion Anyway, before I go on though, Nico, you you. 103 00:06:03,560 --> 00:06:05,120 Just say you're going to short Bitcoin. 104 00:06:05,800 --> 00:06:08,440 Opti is no longer with Simply Bitcoin anymore. 105 00:06:09,000 --> 00:06:11,880 I'm gonna be doing the show by myself today. 106 00:06:11,960 --> 00:06:14,800 We need some insider. Information, dude. 107 00:06:14,800 --> 00:06:19,120 You and the conciliators, bro. Like it's it's Chrissy, it's 108 00:06:19,120 --> 00:06:22,240 Yellen, it's Augustine. Carson, come on. 109 00:06:22,280 --> 00:06:24,320 At least I'm honest about it. And now? 110 00:06:24,320 --> 00:06:26,800 And now you're now you're talking about manipulating the 111 00:06:26,800 --> 00:06:29,880 Bitcoin market, OK? If they're doing it, why can't 112 00:06:29,880 --> 00:06:31,880 we get in on the action? What the hell man? 113 00:06:33,680 --> 00:06:36,760 Anyways Nico, everyone's freaking out cuz your blonde 114 00:06:36,760 --> 00:06:38,840 tips on the wrong side, so switch your mirror on your 115 00:06:38,840 --> 00:06:40,160 camera settings. I got you guys. 116 00:06:40,560 --> 00:06:41,400 Boop. Nikos back. 117 00:06:41,520 --> 00:06:43,200 All right, here we go. Here we go. 118 00:06:43,200 --> 00:06:44,200 Sorry. About that guys. 119 00:06:45,120 --> 00:06:47,760 It's January 3rd, Happy birthday to Bitcoin. 120 00:06:48,240 --> 00:06:52,680 It's a great day. Let's go 15 years running TikTok 121 00:06:52,680 --> 00:06:54,360 next block and so on. The culture. 122 00:06:54,880 --> 00:06:58,480 You know I I seem to be liking list for the the beginning of 123 00:06:58,560 --> 00:07:01,760 this year and I thought about it this morning and that you know 124 00:07:01,760 --> 00:07:05,600 I'm going to do a A-15 lessons that we've known and learned in 125 00:07:05,600 --> 00:07:08,560 the past 15 years of Bitcoin. So we'll get a good little 126 00:07:08,560 --> 00:07:11,600 ranting some monologue again. The goal here is to try to 127 00:07:11,600 --> 00:07:15,080 distill as much information as possible for everyone out there, 128 00:07:15,080 --> 00:07:17,800 new and old. Remember why we do what we do 129 00:07:17,800 --> 00:07:21,400 and also so get new people up on board Niko, we're hearing that. 130 00:07:22,280 --> 00:07:25,640 Yeah, sorry, there we go. Making sure that rumble is up 131 00:07:25,640 --> 00:07:29,400 and going all. Right, well hey shouts out to 132 00:07:29,400 --> 00:07:32,880 the water bottle for messing with us this morning. 133 00:07:32,880 --> 00:07:34,880 But anyways, Niko. Yeah, yeah. 134 00:07:34,880 --> 00:07:37,640 But before we do it, I do want to give a shout out to our 135 00:07:37,640 --> 00:07:41,560 Twitter audience. 71 people watching live, our Rumble 136 00:07:41,560 --> 00:07:43,680 audience, we got 44 people watching live. 137 00:07:43,680 --> 00:07:46,440 So we appreciate you guys from alternative video platforms and 138 00:07:46,440 --> 00:07:48,160 of course our YouTube audience as well. 139 00:07:48,240 --> 00:07:50,200 Well, we love you guys. Thank you guys so much for 140 00:07:50,200 --> 00:07:53,760 making this show possible. We really, really appreciate and 141 00:07:53,760 --> 00:07:54,800 love you guys. Guys. 142 00:07:54,800 --> 00:07:58,680 We are having a bit of an issue, a technical issue on a. 143 00:07:58,880 --> 00:08:01,520 Restraint mess. So we're not seeing the YouTube 144 00:08:01,520 --> 00:08:04,920 comments, we're only seeing the Twitter comments right now. 145 00:08:05,720 --> 00:08:07,960 But we'll try Opti. If you could pull up like a 146 00:08:07,960 --> 00:08:11,200 YouTube like like kind of like side screen and we can just do 147 00:08:11,200 --> 00:08:13,080 it the old fashioned way, I think that would be cool. 148 00:08:13,280 --> 00:08:16,160 Anyways, guys, no more delay. Let's jump straight into it. 149 00:08:16,160 --> 00:08:17,840 We have a lot to talk about today. 150 00:08:18,000 --> 00:08:23,200 Let's check it out. Here we go the Bitcoin numbers. 151 00:08:23,680 --> 00:08:26,480 Is your Bitcoin and cold storage really secure? 152 00:08:26,600 --> 00:08:29,120 Is your seed phrase really secure? 153 00:08:29,240 --> 00:08:30,840 Stamp seeds? Do it yourself. 154 00:08:30,840 --> 00:08:34,559 Kit has everything you need to hammer your seed words into 155 00:08:34,559 --> 00:08:38,799 commercial grade titanium plates instead of just writing them on 156 00:08:38,799 --> 00:08:41,640 paper. Don't store your generational 157 00:08:41,640 --> 00:08:44,880 wealth on paper. Papers prone to water damage, 158 00:08:44,880 --> 00:08:46,840 fire damage. You want to put your 159 00:08:46,840 --> 00:08:49,920 generational wealth on one of the strongest metals on planet 160 00:08:49,920 --> 00:08:52,760 earth, Titanium. Your words are actually stamped 161 00:08:52,760 --> 00:08:56,360 into this metal plate with this hammer and these letter stamps. 162 00:08:56,400 --> 00:08:58,920 And once your words are in, they aren't going anywhere. 163 00:08:59,000 --> 00:09:02,640 No risk of the plate breaking apart and pieces falling 164 00:09:02,640 --> 00:09:05,080 everywhere. Titanium stamp seeds will 165 00:09:05,080 --> 00:09:08,040 survive nearly triple the heat produced by a house fire. 166 00:09:08,040 --> 00:09:11,200 They're also crush proof, waterproof, non corrosive, and 167 00:09:11,200 --> 00:09:12,400 time proof. All things. 168 00:09:12,400 --> 00:09:15,120 That paper is not allowing you to huddle your Bitcoin with 169 00:09:15,120 --> 00:09:17,480 Peace of Mind. For the long haul. 170 00:09:17,640 --> 00:09:22,360 Stamp your seed on stamp seed. All right guys, I do want to 171 00:09:22,360 --> 00:09:27,600 give a heads up on stamp seed. Everyone loves their products, 172 00:09:27,600 --> 00:09:32,440 so they're literally sold out. But you can or they're gonna be 173 00:09:32,440 --> 00:09:36,240 close to being sold out. So you do wanna get your 174 00:09:36,240 --> 00:09:40,680 titanium seed fridge storage kit while surprise supplies last? 175 00:09:40,680 --> 00:09:44,440 You can use promo code simply. Apparently a lot of people are 176 00:09:44,640 --> 00:09:47,160 are thinking are thinking the right things man. 177 00:09:47,160 --> 00:09:50,000 They're they're they're thinking about properly securing their 178 00:09:50,000 --> 00:09:52,760 generational wealth. Opti is showing off the special 179 00:09:52,760 --> 00:09:55,760 edition simply Bitcoin stamp seed plate Opti. 180 00:09:55,760 --> 00:09:58,880 Could you turn it around so people could see the the front 181 00:09:58,880 --> 00:10:01,240 of it, So that's where you stamp your seed, right. 182 00:10:01,240 --> 00:10:05,080 You have this hammer that was shown in the commercial that we 183 00:10:05,080 --> 00:10:07,720 just played for you guys and you could stamp your seed. 184 00:10:07,720 --> 00:10:11,840 It's not going anywhere. It's titanium and again, promo 185 00:10:11,840 --> 00:10:13,560 code. Simply you get a huge discount. 186 00:10:13,560 --> 00:10:16,480 So the Clark Moody dashboard is gonna be different today because 187 00:10:16,480 --> 00:10:21,240 I am on Sophie's computer. When I've been referencing 188 00:10:21,240 --> 00:10:23,880 Sophie as of lately, I keep calling her my girlfriend. 189 00:10:23,880 --> 00:10:27,800 I apologize, we've been together for a very long time, but she's 190 00:10:27,800 --> 00:10:31,040 not my wife so my I'm using my wife's computer. 191 00:10:31,560 --> 00:10:36,200 That sounds really weird to say anyways, but in a good way. 192 00:10:36,200 --> 00:10:37,400 In a good way. You Sorry. 193 00:10:37,400 --> 00:10:39,320 Sophie changes. Change is good. 194 00:10:39,320 --> 00:10:41,360 Change is good. Sophie know Sophie knows that. 195 00:10:41,520 --> 00:10:45,040 Sophie knows I love her. Anyways, the price of Bitcoin at 196 00:10:45,040 --> 00:10:49,040 the time of recording is $42,800. 197 00:10:49,160 --> 00:10:54,560 Take advantage of this FUD discount SATS per dollar 2337 198 00:10:55,000 --> 00:10:59,200 stats per dollar Market capitalization $838 billion with 199 00:10:59,200 --> 00:11:01,840 the B declined from all time high. 200 00:11:02,040 --> 00:11:05,320 We're I love this metric. Maybe we added to when Nico gets 201 00:11:05,320 --> 00:11:09,440 back his laptop and we're down 38% from all time high days 202 00:11:09,440 --> 00:11:15,160 since all time high 783 days. Bitcoin versus gold market cap 203 00:11:15,320 --> 00:11:19,440 6.15%. Supply of Bitcoin in corporate 204 00:11:19,440 --> 00:11:26,920 treasuries 8.7% total Lightning Network capacity 4948 Bitcoin 205 00:11:27,280 --> 00:11:29,880 and the block height which continues to go up. 206 00:11:30,000 --> 00:11:33,360 It's going up forever lower both the price and the block height, 207 00:11:33,880 --> 00:11:39,880 824,192. So yeah, it's great. 208 00:11:39,880 --> 00:11:41,960 Great numbers, guys. So we talk a lot about the 209 00:11:41,960 --> 00:11:45,360 concept of breaking the Bitcoin echo chamber. 210 00:11:45,360 --> 00:11:48,280 What is the echo chamber? The echo chamber is this concept 211 00:11:48,280 --> 00:11:52,240 that Bitcoin content creators and bitcoiners, we make content 212 00:11:52,240 --> 00:11:56,360 for other Bitcoiners, right? How do we break that echo 213 00:11:56,360 --> 00:11:58,400 chamber? Well, the way that we break that 214 00:11:58,400 --> 00:12:01,640 echo chamber is obviously continuing to make content. 215 00:12:01,680 --> 00:12:06,320 You guys sharing Bitcoin content, you guys doing the the 216 00:12:06,320 --> 00:12:10,360 guerrilla marketing on the ground, spreading Satoshi's 217 00:12:10,360 --> 00:12:14,160 gospel, telling your friends, telling your family, you know. 218 00:12:14,160 --> 00:12:18,480 But in my experience, my 8th year, it's crazy to say that 8th 219 00:12:18,480 --> 00:12:25,440 year, 2024, in my experience you can show people the door, but 220 00:12:25,440 --> 00:12:27,400 some people are just not quite ready, right? 221 00:12:27,400 --> 00:12:31,720 I always remember the Matrix movie with Neo and and and you 222 00:12:31,720 --> 00:12:35,200 know, Morpheus and basically showing him, you know, the red 223 00:12:35,200 --> 00:12:37,400 pill, the blue pill. And it's like some people would 224 00:12:37,400 --> 00:12:39,840 just rather take the blue pill, You know, they they want to use 225 00:12:39,840 --> 00:12:41,640 money that steals from them. That's cool. 226 00:12:42,560 --> 00:12:45,000 But anyways, so how do we break this echo chamber? 227 00:12:45,000 --> 00:12:49,440 We break this echo chamber by mainstream content creators and 228 00:12:49,440 --> 00:12:54,120 podcasters making content in relation to Bitcoin. 229 00:12:54,120 --> 00:12:59,000 Sometimes it doesn't even relate to Bitcoin, but it points to 230 00:12:59,000 --> 00:13:00,520 Bitcoin. This is value tainment. 231 00:13:00,520 --> 00:13:02,800 We've brought them up on the channel before. 232 00:13:03,040 --> 00:13:04,560 They've done incredible interviews. 233 00:13:04,560 --> 00:13:07,560 They've had Michael Saylor on. I'm a big fan of his content. 234 00:13:07,720 --> 00:13:12,680 I remember when he started, 5.17 million subscribers. 235 00:13:12,680 --> 00:13:16,960 So absolutely massive channel, huge following, dude. 236 00:13:17,440 --> 00:13:19,320 Kobe Bryant's last great interview. 237 00:13:19,320 --> 00:13:23,520 Like I mean holy cow this guy knows what he's doing and 238 00:13:23,680 --> 00:13:28,440 someone went on his show and this was retweeted from the 239 00:13:28,480 --> 00:13:31,440 Libertarian party. I I just got to say something 240 00:13:31,440 --> 00:13:34,200 and perhaps this is a little bit controversial. 241 00:13:34,840 --> 00:13:36,720 I don't think you could be a libertarian without Bitcoin. 242 00:13:36,960 --> 00:13:41,360 I think you need Bitcoin. I I, I, I I think as long as you 243 00:13:41,640 --> 00:13:44,640 abdi's saying Rustin if you're listening that that that 244 00:13:44,640 --> 00:13:46,560 comment's for you, buddy. And I know that you agree with 245 00:13:46,560 --> 00:13:49,200 me. Check out the Simply Originals 246 00:13:49,200 --> 00:13:51,840 Rustin's dropping hot fire. But OK. 247 00:13:52,000 --> 00:13:57,560 So the reason I say that is because as long as the state 248 00:13:57,560 --> 00:14:01,560 controls the money, I, I, I just think that you can't be a 249 00:14:01,560 --> 00:14:05,200 libertarian because you're you you're you have to use money. 250 00:14:05,200 --> 00:14:07,880 It's not like you. It's not like you can walk 251 00:14:07,880 --> 00:14:09,680 around with the gold bar or anything. 252 00:14:09,800 --> 00:14:11,720 Like now that bitcoin's a thing, you could use Bitcoin. 253 00:14:11,720 --> 00:14:15,000 But like again like that not all vendors are going to accept 254 00:14:15,000 --> 00:14:17,440 Bitcoin at the moment. Lightning isn't ready. 255 00:14:18,520 --> 00:14:21,520 You know, right now. Like Bitcoin is primarily a 256 00:14:21,520 --> 00:14:24,320 store of value. It hasn't moved to a medium of 257 00:14:24,320 --> 00:14:26,240 exchange yet. I know that it will in the 258 00:14:26,240 --> 00:14:28,280 future, but it's not quite there yet. 259 00:14:29,240 --> 00:14:32,160 So anyways, so this was someone that went on the Value Tainment 260 00:14:32,160 --> 00:14:36,960 podcast and dropping Hot fire, and here's a fellow Bitcoin. 261 00:14:37,280 --> 00:14:39,120 That's Dave Smith Bro comic Dave Smith. 262 00:14:39,920 --> 00:14:42,840 Thanks. Opti understands the cultural 263 00:14:42,840 --> 00:14:44,960 references, and that's why I love Opti. 264 00:14:45,840 --> 00:14:49,120 And so Dave Smith is saying the choir part out loud. 265 00:14:49,360 --> 00:14:52,880 This is what we mean by breaking the Bitcoin echo chamber. 266 00:14:52,880 --> 00:14:56,200 We need more of this. So I'm gonna play you guys the 267 00:14:56,200 --> 00:14:57,480 video and then we'll talk about it. 268 00:14:57,640 --> 00:15:01,720 What we need today, and it's coming through, it was coming 269 00:15:01,720 --> 00:15:04,000 through. Yeah, but it is. 270 00:15:04,000 --> 00:15:06,280 Hold on, let me make sure so then it doesn't echo. 271 00:15:07,240 --> 00:15:10,160 Let's try that one more time. In the United States, more than 272 00:15:10,240 --> 00:15:13,600 anything, is the separation of money and the state, the 273 00:15:13,600 --> 00:15:15,240 separation of banking and the state. 274 00:15:15,360 --> 00:15:18,640 This is the cause of so many of our problems right now is that 275 00:15:18,640 --> 00:15:20,400 the currency is controlled by the government. 276 00:15:20,480 --> 00:15:24,000 This allows us to spend way beyond our means to pull things 277 00:15:24,000 --> 00:15:26,480 off that we could never pull off if the government wasn't just 278 00:15:26,480 --> 00:15:31,240 printing money out of thin air. The entire idea, idea that we're 279 00:15:31,240 --> 00:15:35,600 going to go around and occupy foreign countries for 20 years 280 00:15:35,600 --> 00:15:39,040 in the Middle East with nothing to show for it, Try doing that. 281 00:15:39,040 --> 00:15:41,880 If you had to actually tax the people, try gaining popular 282 00:15:41,880 --> 00:15:44,360 support for that. If every month people had to pay 283 00:15:44,360 --> 00:15:47,360 for the war in Afghanistan, that thing would have been over by 284 00:15:47,360 --> 00:15:49,880 Christmas of 2001. And the same thing with the 285 00:15:49,880 --> 00:15:51,880 lockdowns. I mean, try maintaining the 286 00:15:51,880 --> 00:15:53,880 lockdowns. If you couldn't just print up 287 00:15:53,880 --> 00:15:56,760 trillions of dollars in 2020, there's no way it could have 288 00:15:56,760 --> 00:15:58,640 been done. The Federal Reserve and the 289 00:15:58,640 --> 00:16:01,320 money printing is the lifeblood of the Leviathan. 290 00:16:01,480 --> 00:16:04,040 That's what we need to attack and what we need today. 291 00:16:05,840 --> 00:16:12,000 I mean, I I don't think we could have said it. 292 00:16:12,000 --> 00:16:13,760 I don't think we could have said it better ourselves. 293 00:16:13,760 --> 00:16:17,720 Opti like to be honest with you, bro, like it, it it is, it is 294 00:16:17,720 --> 00:16:20,680 fueling the leviathan. It is fueling the administrative 295 00:16:20,680 --> 00:16:22,920 state. It is fueling the military 296 00:16:22,920 --> 00:16:27,080 industrial complex. It is fueling all this spending 297 00:16:27,080 --> 00:16:29,480 when they're saying they're sending billions of dollars to 298 00:16:29,480 --> 00:16:32,760 Ukraine. We can't afford that. 299 00:16:33,160 --> 00:16:37,160 Like like the US spends trillions of dollars. 300 00:16:37,160 --> 00:16:40,360 I'm not exaggerating every single year more than it 301 00:16:40,360 --> 00:16:43,080 collects in tax revenue. How are they able to do that? 302 00:16:44,520 --> 00:16:47,160 Deficit spending print the printing of money. 303 00:16:47,200 --> 00:16:51,600 The great Ron Paul said it best. It is not a coincidence that the 304 00:16:51,600 --> 00:16:54,440 bloodiest century in human history, which is the 20th 305 00:16:54,440 --> 00:16:59,440 century, was the century of central banking, right. 306 00:16:59,680 --> 00:17:03,080 So, you know, if we want to fix things right. 307 00:17:03,280 --> 00:17:06,040 This is why I get really upset with all these political 308 00:17:06,040 --> 00:17:08,880 movements on the left and on the right. 309 00:17:10,960 --> 00:17:14,480 And you you're seeing changes like you see RFK Junior, you've 310 00:17:14,480 --> 00:17:18,960 seen Ron DeSantis, you say Vivek Ramaswamy, Javier Malay of 311 00:17:18,960 --> 00:17:24,400 course you know the Chad Naim Bukele who really gets it, you 312 00:17:24,400 --> 00:17:26,000 know. So you're you're starting to see 313 00:17:26,000 --> 00:17:29,120 a change in shift right. And the Overton window is moving 314 00:17:29,120 --> 00:17:32,320 towards central banking is bad. You're seeing that in real time. 315 00:17:32,640 --> 00:17:37,800 But you know what happens if these political parties start to 316 00:17:38,200 --> 00:17:41,440 like these giant movements because the the the conservative 317 00:17:41,440 --> 00:17:43,160 movement in the US is very strong. 318 00:17:43,160 --> 00:17:46,360 The the liberal movement in the US is very strong. 319 00:17:46,360 --> 00:17:52,840 They have very popular shows and and personalities and you know 320 00:17:52,840 --> 00:17:57,120 in in this stuff if they really want to effectuate change right 321 00:17:57,120 --> 00:18:00,400 like they complain a lot like Tucker Carlson. 322 00:18:00,400 --> 00:18:03,280 Like he does an incredible job and he identifies the problems 323 00:18:03,280 --> 00:18:04,520 and he's like this is what's broken. 324 00:18:04,520 --> 00:18:07,080 This is what's broken. He just said it right value 325 00:18:07,080 --> 00:18:08,280 tainment. What's his name? 326 00:18:08,280 --> 00:18:12,040 Dave Smith goes on the show. He correctly identifies the 327 00:18:12,040 --> 00:18:14,800 problem, but how beauty on pointed it out. 328 00:18:15,880 --> 00:18:19,760 Just because you've identified the problem, if you don't 329 00:18:19,760 --> 00:18:24,520 provide a solution, you're literally screaming in in the 330 00:18:24,520 --> 00:18:27,160 middle of a in the middle of a forest, in the middle of 331 00:18:27,160 --> 00:18:31,640 nowhere. So it's not just identifying 332 00:18:32,520 --> 00:18:35,720 this creature from Jekyll Island and saying the creature is 333 00:18:35,720 --> 00:18:39,600 effing real. You have to take a step above 334 00:18:40,120 --> 00:18:42,160 and that falls down to you the individual. 335 00:18:42,160 --> 00:18:43,840 Take agency. Take action. 336 00:18:44,360 --> 00:18:49,960 Educate the people around you and make them understand. 337 00:18:50,400 --> 00:18:52,720 If you have liberal friends, if you have conservative friends, 338 00:18:52,720 --> 00:18:55,160 if you have libertarian friends, right? 339 00:18:56,000 --> 00:18:59,440 Whatever their ideology, it's like, dude, your problems are 340 00:18:59,440 --> 00:19:03,200 not caused because the other party's in power. 341 00:19:03,680 --> 00:19:09,080 That's how they distract you. Your economic woes are caused 342 00:19:09,760 --> 00:19:14,160 because there's a bureaucratic elite that have the privilege of 343 00:19:14,160 --> 00:19:18,120 being able to create money for free that everyone else has to 344 00:19:18,120 --> 00:19:23,200 work for. If you fix that problem, I truly 345 00:19:23,200 --> 00:19:26,480 believe you fix the money, you fix the world. 346 00:19:26,840 --> 00:19:29,760 It's not going to make all the problems disappear, but I would 347 00:19:29,760 --> 00:19:34,200 say it's going to fix more than 50 to 60% of the world's 348 00:19:34,200 --> 00:19:36,240 problems that we're enduring today. 349 00:19:37,120 --> 00:19:39,440 They're just going to go away. Of course you're going to have 350 00:19:39,440 --> 00:19:41,960 cultural differences you know you're going to have. 351 00:19:42,000 --> 00:19:44,600 You're going to have. It's not, it's not a utopia. 352 00:19:44,600 --> 00:19:47,880 It's not going to make things perfect, but it's going to make 353 00:19:47,880 --> 00:19:50,760 things a whole lot better than that they are right now, and I 354 00:19:50,760 --> 00:19:54,400 think I saw Max Kaiser say this the other day for the first time 355 00:19:54,600 --> 00:19:57,520 in human history. That's a very strong statement. 356 00:19:58,760 --> 00:20:05,880 The poor, the lower and middle classes have the ability to save 357 00:20:07,040 --> 00:20:13,680 in a money that won't be debased and can't be confiscated from 358 00:20:13,680 --> 00:20:18,200 easily. That is a effing game changer 359 00:20:18,840 --> 00:20:24,000 that is going to fundamentally change how society is organized 360 00:20:24,000 --> 00:20:26,880 in such a way that you can't even comprehend. 361 00:20:27,800 --> 00:20:30,440 And you want to know why Elizabeth Warren is so 362 00:20:30,440 --> 00:20:33,440 petrified. You want to know why they're so 363 00:20:33,440 --> 00:20:35,680 hell bent on going after self custody. 364 00:20:35,680 --> 00:20:40,040 So they come up with these like BS, like terms like unhosted 365 00:20:40,040 --> 00:20:42,000 wallet and blah and blah blah blah. 366 00:20:43,480 --> 00:20:49,720 It's because it terrifies them that the common Joe, the average 367 00:20:49,720 --> 00:20:55,000 everyday person, is going to be able to save in a money that 368 00:20:55,000 --> 00:20:58,240 cannot be confiscated at the flick of a switch. 369 00:20:58,920 --> 00:21:03,640 It puts the fear of God into bureaucrats and politicians that 370 00:21:03,640 --> 00:21:07,440 abused the power of money, the privilege that the government 371 00:21:07,440 --> 00:21:11,080 had to issue money. They abused it to benefit 372 00:21:11,080 --> 00:21:12,680 themselves. Bitcoiners would have told you 373 00:21:12,680 --> 00:21:14,680 this was obvious because it's human nature. 374 00:21:15,880 --> 00:21:20,120 But they abused that privilege and they no longer deserve that 375 00:21:20,120 --> 00:21:23,680 privilege. They've proven that for over 100 376 00:21:23,680 --> 00:21:25,760 years. And you can go back in time. 377 00:21:26,400 --> 00:21:29,160 You can go back to the Roman Republic and Roman Empire. 378 00:21:29,280 --> 00:21:33,480 You can make a very strong case that part of the reason that the 379 00:21:33,480 --> 00:21:37,760 Roman Empire collapsed the way it did was the the debasement of 380 00:21:37,760 --> 00:21:42,040 the currency, right? So we are living through some 381 00:21:42,040 --> 00:21:46,880 crazy times, historic times. This has never happened in the 382 00:21:46,880 --> 00:21:51,760 history of humanity, where the average everyday individual can 383 00:21:51,760 --> 00:21:56,680 save without the fear of debasement or confiscation. 384 00:21:57,680 --> 00:22:01,160 Let's keep on the pressure, Let's keep breaking that echo 385 00:22:01,160 --> 00:22:03,440 chamber. Let's keep shifting. 386 00:22:03,880 --> 00:22:06,800 I'm going to curse that motherfucking Overton window, 387 00:22:06,920 --> 00:22:09,840 right? So that people understand that 388 00:22:09,840 --> 00:22:14,880 the evil that is coming out of this world is coming out of Fiat 389 00:22:14,880 --> 00:22:20,360 money and central banking. It has hurt humanity, has made 390 00:22:20,360 --> 00:22:23,640 humans kill each other, has brought out the worst of the 391 00:22:23,640 --> 00:22:27,560 human race. So it's time to try something 392 00:22:27,560 --> 00:22:30,520 new. It's time to try Bitcoin. 393 00:22:31,160 --> 00:22:34,040 And I have a feeling, I have a feeling, guys, and then I'll 394 00:22:34,040 --> 00:22:40,160 stop my rambling that we are going to see a renaissance of 395 00:22:40,160 --> 00:22:43,360 which we have never seen before. We are going to see the Great 396 00:22:43,360 --> 00:22:46,000 Awakening. And you're going to see whether 397 00:22:46,000 --> 00:22:49,360 you lean left ideologically or you lean right ideologically, 398 00:22:49,680 --> 00:22:53,680 you're going to see that you have a lot in common with 399 00:22:53,680 --> 00:22:59,160 everybody. And the the the divider was 400 00:22:59,160 --> 00:23:02,000 always the money. It was always the money. 401 00:23:02,120 --> 00:23:04,640 So you fix the money, you fix the world. 402 00:23:05,000 --> 00:23:07,680 My rant is over. I got excited. 403 00:23:07,880 --> 00:23:09,640 My computer broke. So I had to come in. 404 00:23:09,640 --> 00:23:10,960 I had to come in with the hot fire. 405 00:23:10,960 --> 00:23:12,600 Anyways, Opti, what? What are your thoughts, brother? 406 00:23:13,680 --> 00:23:17,760 Yeah, well, first and foremost, like you were saying, you know, 407 00:23:17,760 --> 00:23:21,240 if you are a libertarian or anarcho capitalist or or 408 00:23:21,240 --> 00:23:24,720 whatever your favorite descriptor word is, if you do 409 00:23:24,720 --> 00:23:27,600 not see that the problem is the fact that the government is 410 00:23:27,600 --> 00:23:30,640 holding the money, then I would also add that you are a LARP. 411 00:23:30,640 --> 00:23:34,440 The separation of money from state is the quintessential 412 00:23:34,440 --> 00:23:36,440 problem going on in the world right now. 413 00:23:36,800 --> 00:23:40,680 And so I I find it absolutely hilarious that we see so many 414 00:23:40,680 --> 00:23:44,240 libertarians out there that actively fight Bitcoin when it's 415 00:23:44,240 --> 00:23:49,000 like, guys fix the money, fix the world, it starts with the 416 00:23:49,000 --> 00:23:51,520 money. And I think people are so 417 00:23:51,520 --> 00:23:55,680 ingrained with the idea that only government should be 418 00:23:55,680 --> 00:24:00,560 allowed the opportunity or rather the power to issue paper 419 00:24:00,560 --> 00:24:05,080 money and that the money comes from the government's basically 420 00:24:05,080 --> 00:24:09,840 decree AKA Fiat money. It's literally become the status 421 00:24:09,840 --> 00:24:14,440 quo that debt IO use, that paper money from the government is the 422 00:24:14,480 --> 00:24:18,720 only viable route for money. And it absolutely blows my mind. 423 00:24:18,880 --> 00:24:23,200 As Niko was saying, this is the last experiment in money until 424 00:24:23,200 --> 00:24:25,240 Bitcoin. It's been 100 year experiment. 425 00:24:25,240 --> 00:24:29,480 Like people still fundamentally have the misunderstanding that 426 00:24:29,480 --> 00:24:31,320 paper money isn't the status quo. 427 00:24:31,320 --> 00:24:34,360 It hasn't been the status quo for the majority of human 428 00:24:34,360 --> 00:24:36,320 history. It's only the most recent 429 00:24:36,320 --> 00:24:37,960 experiment of money until Bitcoin. 430 00:24:38,320 --> 00:24:40,720 And here we are. It's you know the 15th birthday 431 00:24:40,760 --> 00:24:44,280 of Bitcoin and we're starting to see that more and more people 432 00:24:44,280 --> 00:24:47,720 are waking up to the idea and you know, shouts out the Dave 433 00:24:47,720 --> 00:24:49,760 Smith, you know comic Dave Smith on Twitter. 434 00:24:50,360 --> 00:24:52,120 He's literally been on on Joe Rogan. 435 00:24:52,280 --> 00:24:55,560 I'm pretty sure I clipped him. I'm I think it was December of 436 00:24:55,560 --> 00:24:58,440 last year and we were speculating whether Dave Smith 437 00:24:58,480 --> 00:25:02,200 was becoming a bitcoiner and I saw on Twitter that apparently 438 00:25:02,200 --> 00:25:05,640 Guy Swan met him at I don't know like some libertarian meet up or 439 00:25:05,640 --> 00:25:07,480 something and he finally orange peeled him. 440 00:25:07,680 --> 00:25:12,320 So shouts out the guy Swan, because it is about breaking the 441 00:25:12,320 --> 00:25:15,320 Overton window, breaking our echo chamber and spreading the 442 00:25:15,320 --> 00:25:19,040 Bitcoin signal to more people than just the, you know, talking 443 00:25:19,040 --> 00:25:20,520 to bitcoiners. Like, what's the point of only 444 00:25:20,520 --> 00:25:22,200 talking to bitcoiners? So what's the point of only 445 00:25:22,200 --> 00:25:24,720 talking to people that believe exactly what you believe? 446 00:25:24,720 --> 00:25:27,440 Yes, there's a part of like, you know, being a part of a group, 447 00:25:27,800 --> 00:25:30,440 but our goal here is to spread Bitcoin to every person on 448 00:25:30,440 --> 00:25:32,760 planet Earth because everyone is in the same issue. 449 00:25:32,920 --> 00:25:37,080 We are all feeling the pain of inflating, or rather debasing 450 00:25:37,080 --> 00:25:39,600 paper currencies, and we're all in the same boat. 451 00:25:39,600 --> 00:25:42,480 And this isn't one of those things where it's like, oh, you 452 00:25:42,480 --> 00:25:45,000 know, bitcoiners were here early and we're just trying to profit 453 00:25:45,000 --> 00:25:47,280 on this. Like, no, personally, I don't 454 00:25:47,280 --> 00:25:51,320 see any other solution than literally going on the Bitcoin 455 00:25:51,320 --> 00:25:52,920 Sander. As we say, fix the money, fix 456 00:25:52,920 --> 00:25:55,720 the world. Like, it's not the silver bullet 457 00:25:55,720 --> 00:25:58,640 to solve the world's problem, but it's the starting point as 458 00:25:58,640 --> 00:26:01,600 we've seen in the last 100 years as Nico mentions all the time. 459 00:26:01,800 --> 00:26:05,200 It is no coincidence that the last hundred years or rather 460 00:26:05,200 --> 00:26:09,480 this century is the bloodiest century basically ever because 461 00:26:09,480 --> 00:26:10,880 it's been backed by the money printer. 462 00:26:11,120 --> 00:26:14,880 And we're seeing how clown world is accelerating right now and 463 00:26:14,880 --> 00:26:18,080 how politicians are printing obscene amount of money. 464 00:26:18,080 --> 00:26:20,960 Like, I don't know if you guys saw, but U.S. debt just passed 465 00:26:20,960 --> 00:26:24,720 $34 trillion yesterday. Like there is no possible way we 466 00:26:24,720 --> 00:26:26,640 are going to be able to pay off that debt. 467 00:26:26,920 --> 00:26:28,560 They will say whatever they want. 468 00:26:28,560 --> 00:26:30,480 They will try to kick the can down the road for as long as 469 00:26:30,480 --> 00:26:33,960 humanly possible. But we know it's 11th grade math 470 00:26:33,960 --> 00:26:35,800 guys. They have to continue to print 471 00:26:35,800 --> 00:26:39,040 money to keep the system going. They have to keep the velocity 472 00:26:39,040 --> 00:26:42,360 of money going by printing money, and that is all making us 473 00:26:42,400 --> 00:26:46,400 all poorer. So you have to hold something 474 00:26:46,400 --> 00:26:49,400 that they cannot debase. We've seen throughout the 475 00:26:49,400 --> 00:26:53,840 history of man that when empires fail, they constantly debase 476 00:26:53,840 --> 00:26:55,880 their currency. It's happened multiple times in 477 00:26:55,880 --> 00:26:58,880 human history and here we are. We're in that position right now 478 00:26:58,880 --> 00:27:03,200 and it's just it's so awesome to see other content creators, 479 00:27:03,200 --> 00:27:05,880 independent content creators that basically say what we say 480 00:27:05,880 --> 00:27:09,120 every single day start to realize the solution to the 481 00:27:09,120 --> 00:27:10,320 problem. I say it all the time. 482 00:27:10,320 --> 00:27:14,600 It's it's pretty obvious to anyone that is paying attention 483 00:27:14,600 --> 00:27:17,200 what the problem is. Just so few people are talking 484 00:27:17,200 --> 00:27:19,520 about the solution and now we have more and more people 485 00:27:19,520 --> 00:27:23,360 talking about the solution and getting these ideas in front of 486 00:27:23,360 --> 00:27:25,120 just the average everyday person. 487 00:27:25,120 --> 00:27:28,080 Because I fundamentally believe leading a podcast like Joe 488 00:27:28,080 --> 00:27:32,680 Rogan, like PBDI, think it is value tainment and and all of 489 00:27:32,680 --> 00:27:35,760 the other independent content creators like their goal is to 490 00:27:35,760 --> 00:27:38,560 provide value to their audience. And if they're not giving them a 491 00:27:38,640 --> 00:27:41,640 viable solution to the main problem in the world right now 492 00:27:41,640 --> 00:27:44,120 is the fact that your currencies are being debased like they're 493 00:27:44,120 --> 00:27:45,520 doing their audience A disservice. 494 00:27:45,520 --> 00:27:48,320 So I just love to see that this message is spreading further and 495 00:27:48,320 --> 00:27:52,400 further and shouts out the guy Swan for Orange Pilling Dave 496 00:27:52,400 --> 00:27:54,280 Smith. If if that is true, then you 497 00:27:54,280 --> 00:27:57,240 know, doing Satoshi's work. Out there and that's. 498 00:27:57,280 --> 00:27:59,880 The goal? Just spreading this signal to 499 00:27:59,880 --> 00:28:03,880 more and more people. I do also want to give a shout 500 00:28:03,880 --> 00:28:09,280 out who to one of the sponsors for for Simply originals. 501 00:28:09,640 --> 00:28:13,400 But we did take a little bit of break during the during the 502 00:28:14,000 --> 00:28:15,640 during the winter. So I do want to give him an 503 00:28:15,640 --> 00:28:18,800 extra special shout out on the live show. 504 00:28:18,800 --> 00:28:21,200 And of course I'm talking about the Bitcoin way. 505 00:28:21,200 --> 00:28:23,640 You could. You could take charge of your 506 00:28:23,640 --> 00:28:26,840 financial future, your Bitcoin, your rules. 507 00:28:26,840 --> 00:28:30,080 Unlock your Bitcoin's full potential without traditional 508 00:28:30,080 --> 00:28:32,920 constraints. Empower your choices with our 509 00:28:32,920 --> 00:28:36,920 expertise in self custody where privacy and security are 510 00:28:36,920 --> 00:28:39,720 uncompromised. So if you guys have any 511 00:28:39,720 --> 00:28:43,760 questions, doubts or concerns about self custody, these guys 512 00:28:44,080 --> 00:28:47,240 are the place to go. Inheritance planning, They have 513 00:28:47,240 --> 00:28:49,720 a concierge service. They'll help you set up your 514 00:28:49,720 --> 00:28:52,400 wallet, your node, anything you want. 515 00:28:52,400 --> 00:28:54,360 You guys got to check out the Bitcoin way. 516 00:28:54,360 --> 00:28:56,360 The URL is super easy. You got to go to the 517 00:28:56,360 --> 00:29:01,800 bitcoinway.com and the team over in there will will literally 518 00:29:01,800 --> 00:29:07,360 hand hold you to your onboard, you know to to onboard Bitcoin 519 00:29:07,360 --> 00:29:11,920 experience in your journey. So shout out Vendetta V4V4 520 00:29:11,920 --> 00:29:14,440 Bitcoin. Shout out to you brother and 521 00:29:14,600 --> 00:29:17,160 it's time for the news. Opti, let's do this. 522 00:29:17,360 --> 00:29:27,970 Here we go, the Daily News. I want to give a shout out to 523 00:29:27,970 --> 00:29:32,360 our sponsor, Foundation Devices. It's self custody done right. 524 00:29:32,360 --> 00:29:35,960 They built a premium grade hardware wallet called Passport 525 00:29:36,120 --> 00:29:39,000 right here in the US. It's fully open source and 526 00:29:39,000 --> 00:29:41,680 verifiable. It's the most intuitive Bitcoin 527 00:29:41,680 --> 00:29:45,560 wallet designed with the UX reminiscent of a simple feature 528 00:29:45,560 --> 00:29:48,400 phone so you will know how to navigate it and use it the 529 00:29:48,400 --> 00:29:51,680 moment you pick it up. Get your Bitcoin off exchanges 530 00:29:51,680 --> 00:29:54,440 and into your into your own hands in just a few minutes. 531 00:29:54,440 --> 00:29:57,480 Experience the Peace of Mind that comes with taking ownership 532 00:29:57,520 --> 00:30:00,480 of your own keys. After a massive sell out during 533 00:30:00,720 --> 00:30:04,480 Bitcoin Miami 2023, the Passport is back in stock at 534 00:30:04,480 --> 00:30:08,200 foundationdevices.com. Bitcoin only, open source, 535 00:30:08,200 --> 00:30:12,160 verifiable completely air gap security model, gorgeous design, 536 00:30:12,160 --> 00:30:15,480 craft premium grade materials. If you're thinking about getting 537 00:30:15,480 --> 00:30:18,360 your Bitcoin off exchanges, this is the one for you. 538 00:30:18,560 --> 00:30:21,760 Check out the passport link in the show notes below to learn 539 00:30:21,760 --> 00:30:23,560 more. All right guys. 540 00:30:23,560 --> 00:30:28,680 So we're going to talk about a law of nature today and I'm 541 00:30:28,680 --> 00:30:33,920 talking about the the, the, the the law of the inverse. 542 00:30:33,920 --> 00:30:36,960 Kramer. No, but, but, but first we're 543 00:30:36,960 --> 00:30:41,000 we're going to, we're going to go through the events, the 544 00:30:41,000 --> 00:30:46,960 series of events that happened for the price of Bitcoin to go 545 00:30:47,280 --> 00:30:50,920 through these through the roller coaster ride that it went 546 00:30:50,920 --> 00:30:54,320 through really. So first we're going to start 547 00:30:54,320 --> 00:30:59,000 off with, like I said, you know the the Law of Kramer, right? 548 00:30:59,800 --> 00:31:01,480 So I said, well, it was nice when I lasted. 549 00:31:01,800 --> 00:31:04,560 We played you guys this clip yesterday and it was Jim Cramer 550 00:31:04,560 --> 00:31:06,520 on CNNBC. So you can't kill Bitcoin, 551 00:31:06,840 --> 00:31:08,080 right? The price of Bitcoin was at 552 00:31:08,080 --> 00:31:13,920 45,675 when it was recorded. The current price of Bitcoin 553 00:31:13,920 --> 00:31:18,480 right now is 42,744. But there was a Wick all the way 554 00:31:18,480 --> 00:31:23,800 down to 40,000. But yeah, And then I jokingly 555 00:31:23,800 --> 00:31:28,680 said this morning and I said the law of inverse Jim Cramer is 556 00:31:28,680 --> 00:31:30,800 never broken. It is a fact of life. 557 00:31:31,640 --> 00:31:35,720 So of course this is a coincidence, you know, maybe 558 00:31:35,720 --> 00:31:38,840 it's a coincidence. I don't think it's personally, 559 00:31:38,840 --> 00:31:41,120 I'm like I'm saying it jokingly. I I don't. 560 00:31:41,120 --> 00:31:43,000 I don't think it's a coincidence, personally. 561 00:31:43,000 --> 00:31:46,800 It's so over for us. Like, I think like, dude, Like 562 00:31:46,960 --> 00:31:50,000 it just never fails, bro. Like, it never fails. 563 00:31:50,000 --> 00:31:53,480 OK, so anyways, in all seriousness, price of Bitcoin 564 00:31:53,480 --> 00:32:04,640 fell from 40 to 45,700, fell down to 41,500, and now it's, 565 00:32:04,640 --> 00:32:06,240 you know, it's having a slight recover. 566 00:32:06,440 --> 00:32:08,680 But what? What caused this? 567 00:32:09,400 --> 00:32:13,240 So here's Bitcoin News, our great news aggregator. 568 00:32:13,640 --> 00:32:17,000 And it was this article. It was this article by a 569 00:32:17,000 --> 00:32:22,760 publication called Matrix Port, so let's take let's take a look 570 00:32:22,760 --> 00:32:27,160 at what it says. So this Matrix on target has 571 00:32:27,160 --> 00:32:31,320 been bullish against consensus expectations in 2023 and 572 00:32:31,320 --> 00:32:35,040 predicted early in the year that Bitcoin could reach 45,000 by 573 00:32:35,040 --> 00:32:38,000 Christmas. We even expected that if all the 574 00:32:38,000 --> 00:32:42,080 SEC requirements for Bitcoin spot ETS were fulfilled, Bitcoin 575 00:32:42,080 --> 00:32:46,360 could rally towards 50,000 by the end of January 2024. 576 00:32:47,040 --> 00:32:49,760 While we have seen frequent meetings between the ETF 577 00:32:49,760 --> 00:32:53,120 applicants and staff from the SEC which resulted in the 578 00:32:53,120 --> 00:32:56,640 applicants re filing their applications, we believe all 579 00:32:56,640 --> 00:33:00,360 applications fall short of a critical requirement that must 580 00:33:00,360 --> 00:33:04,880 be met before the SEC approves. This might be fulfilled by Q2 581 00:33:04,880 --> 00:33:11,360 2024, but we expect the SEC to reject all proposals in January. 582 00:33:11,360 --> 00:33:15,360 So if you want to know why this dropped, there you go. 583 00:33:15,360 --> 00:33:19,480 It was FUD. But again, like guys you know, 584 00:33:19,520 --> 00:33:22,280 shame on What is the saying? Shame on, Shame on. 585 00:33:23,040 --> 00:33:25,400 Fool me once, shame on. Shame on. 586 00:33:25,400 --> 00:33:26,720 Shame on Let me Twice again fool me again. 587 00:33:27,120 --> 00:33:30,680 Correct. So we've seen this before. 588 00:33:32,120 --> 00:33:36,480 We saw Coin Telegraph tweet out something, it pumped the price 589 00:33:36,480 --> 00:33:39,600 of Bitcoin. You see another publication 590 00:33:39,600 --> 00:33:42,320 tweet out something. It dumped the price of Bitcoin. 591 00:33:47,640 --> 00:33:53,360 The people that knew about this, they made a killing with that 592 00:33:53,360 --> 00:33:58,760 insider information. They made a lot of money off of 593 00:33:58,760 --> 00:34:00,800 this. But I mean, it gets worse. 594 00:34:00,800 --> 00:34:04,360 Like you you uncover this, you know, there's more, there's 595 00:34:04,360 --> 00:34:09,480 more, there's more to the story. So it goes on to say the current 596 00:34:09,480 --> 00:34:12,440 five person voting Commission commissioners leadership 597 00:34:12,440 --> 00:34:15,800 critical for the ETF approval of the SEC is dominated by 598 00:34:15,800 --> 00:34:18,560 Democrats. SEC chair Gensler is not 599 00:34:18,560 --> 00:34:21,880 embracing crypto in the US and it might not. 600 00:34:22,000 --> 00:34:25,400 It might even be a very long shot to expect that he would 601 00:34:25,920 --> 00:34:30,280 vote to approve Bitcoin. Spot ETS and ETF would certainly 602 00:34:30,280 --> 00:34:33,800 enable crypto overall to take off, and based on Genser's 603 00:34:33,800 --> 00:34:37,920 comments in December 2023, he still sees the industry in need 604 00:34:37,920 --> 00:34:40,560 of more string stringent compliance. 605 00:34:40,960 --> 00:34:44,120 From a political perspective, there is no reason to approve a 606 00:34:44,199 --> 00:34:47,440 Bitcoin spot ETF that will legitimize Bitcoin as an 607 00:34:47,440 --> 00:34:50,199 alternative store value. We've been making those cases 608 00:34:50,199 --> 00:34:51,760 for you guys on Simply by the way. 609 00:34:52,080 --> 00:34:57,760 And like we we taken a political stance on on simply like always. 610 00:34:57,760 --> 00:35:04,000 But they did correctly point out that the opposition has been 611 00:35:04,000 --> 00:35:07,240 coming mostly from the Democratic Party, like the 612 00:35:07,240 --> 00:35:11,600 bipartisan bill that Elizabeth Warren, you know, is trying to 613 00:35:11,600 --> 00:35:14,320 pass through the the Senate that would essentially effectively 614 00:35:14,320 --> 00:35:15,920 ban self cuts in the United States. 615 00:35:15,920 --> 00:35:17,920 It would effectively ban Bitcoin mining. 616 00:35:17,920 --> 00:35:19,960 It would effectively ban peer-to-peer. 617 00:35:22,440 --> 00:35:25,320 It's, it's bipartisan, but really there's like two or three 618 00:35:25,320 --> 00:35:28,160 Republicans and the rest are Democrats. 619 00:35:28,160 --> 00:35:32,680 How are you doing? So sorry, sorry about that. 620 00:35:33,600 --> 00:35:35,360 Producing swan signal in the background. 621 00:35:36,760 --> 00:35:47,480 So, OK, so going back to the topic this is, you know, this. 622 00:35:49,120 --> 00:35:52,760 They're not lying. But at the same time, I think 623 00:35:52,760 --> 00:35:56,800 there's so much pressure. There's so much, like, there's 624 00:35:56,800 --> 00:36:00,240 so much anticipation. I mean, they're paying for, like 625 00:36:00,480 --> 00:36:04,280 these organizations are paying for like $1,000,000 ads. 626 00:36:04,280 --> 00:36:06,640 At this point, we're going to show you a new ad that they 627 00:36:06,640 --> 00:36:09,320 dropped celebrating Bitcoin's birthday. 628 00:36:09,360 --> 00:36:12,560 Like Wall Street is paying for an ad that's celebrating 629 00:36:12,560 --> 00:36:14,280 Bitcoin's birthday. By the way, happy birthday. 630 00:36:14,280 --> 00:36:17,960 Bitcoin turned 15. The teenage years are rough, so 631 00:36:17,960 --> 00:36:20,640 it goes on to say since traders started betting on an ETF 632 00:36:20,640 --> 00:36:24,200 approval in September 2023, at least 14 billion of extra feed 633 00:36:24,200 --> 00:36:27,080 on leverage has been deployed into crypto into Bitcoin. 634 00:36:27,400 --> 00:36:30,360 Some of these flows might be associated with easier macro 635 00:36:30,360 --> 00:36:34,200 conditions the Fed as the Fed has turned dovish. 636 00:36:34,440 --> 00:36:38,160 However, of those 14 billion of additional longs, 10 billion 637 00:36:38,160 --> 00:36:40,760 might be related to the ETF approval expectation. 638 00:36:41,120 --> 00:36:44,440 If there is any denial by the SEC, we could see cascading 639 00:36:44,440 --> 00:36:48,560 liquidations as we expect most of the 5.1 billion in additional 640 00:36:48,920 --> 00:36:52,480 perpetual long Bitcoin futures to be unwound, right? 641 00:36:52,760 --> 00:36:56,280 So it's just a fun article basically saying why the SEC 642 00:36:56,280 --> 00:37:00,440 will reject Bitcoin spot ETFs. Again, it's not a question mark. 643 00:37:00,800 --> 00:37:03,760 It's like a matter of fact. But there's more, there's 644 00:37:03,760 --> 00:37:07,120 something more interesting to the story, right? 645 00:37:07,120 --> 00:37:09,000 There's more interesting to the story and then we'll get the 646 00:37:09,000 --> 00:37:10,840 reaction. And here's our boy. 647 00:37:10,840 --> 00:37:15,560 Hot or not, the space cat. And he says a short story and 648 00:37:15,560 --> 00:37:20,640 three images, right? So take a look at the dates of 649 00:37:20,640 --> 00:37:25,360 the article Right Bitcoin Spot ETF Approval, Imminent Bitcoin 650 00:37:25,360 --> 00:37:30,160 to Jump to 50,000, and Why the SEC Will Reject Bitcoin Spot 651 00:37:30,160 --> 00:37:33,640 ETFs Again. From the AB testing. 652 00:37:33,680 --> 00:37:37,360 Headlines Correct. They were AB this AB testing 653 00:37:37,360 --> 00:37:40,880 headlines and I think they might have pressed the wrong button. 654 00:37:42,200 --> 00:37:48,280 Or or or look who who. Look who's the Co founder and 655 00:37:48,280 --> 00:37:51,360 chairman of Matrix sport Jihan Wu. 656 00:37:52,080 --> 00:37:57,520 Quote UN quote F your mother. He was the founder of. 657 00:37:58,760 --> 00:38:04,400 He was the founder of Bit Main, one of the largest ASIC 658 00:38:04,400 --> 00:38:08,920 manufacturers in the world, and he played a pivotal role in the 659 00:38:08,920 --> 00:38:13,040 fork wars, right? He was mining Bitcoin at a loss 660 00:38:13,200 --> 00:38:18,320 so that people would think that the Bitcoin Cash hash rate had a 661 00:38:18,320 --> 00:38:22,800 higher organic hash rate than the Bitcoin hash rate, which 662 00:38:22,800 --> 00:38:27,000 means that technically there was a moment in time, it was all 663 00:38:27,000 --> 00:38:31,360 artificial, That you could have made the case that the Bitcoin 664 00:38:31,360 --> 00:38:36,800 Cash, you know, network was more computationally secure than 665 00:38:36,800 --> 00:38:39,040 Bitcoin. We know after the fact, after 666 00:38:39,040 --> 00:38:42,280 the four cores, that those one or two or three times that the 667 00:38:42,280 --> 00:38:45,480 Bitcoin Cash hash rate surpassed the Bitcoin hash rate. 668 00:38:45,600 --> 00:38:48,400 It was artificial. It was literally Jihan setting 669 00:38:48,560 --> 00:38:52,120 money on fire, right? So he was a big proponent of 670 00:38:52,120 --> 00:38:54,840 Bitcoin cash. He was a big proponent of big 671 00:38:54,840 --> 00:38:57,680 blocks, right? You could have made the case 672 00:38:57,840 --> 00:38:59,960 that he's in that he was an enemy of Bitcoin. 673 00:38:59,960 --> 00:39:02,320 You could make the case that he's still an enemy of Bitcoin. 674 00:39:02,600 --> 00:39:05,280 I mean, these articles are awfully suspicious. 675 00:39:05,480 --> 00:39:07,880 How much money did Jihan make? I don't know. 676 00:39:08,080 --> 00:39:15,440 All right, now let's get to. Let's get to the the other 677 00:39:15,440 --> 00:39:17,080 aspects of it. Let's get let's get to the 678 00:39:17,080 --> 00:39:20,000 truth, right. So this was a rumor after all. 679 00:39:20,000 --> 00:39:23,400 The rumor caused this massive price movement. 680 00:39:23,480 --> 00:39:25,160 Of course, that's that's already known. 681 00:39:26,320 --> 00:39:28,200 But but what actually happened, right? 682 00:39:28,200 --> 00:39:32,240 So, you know, a lot of awesome. You know, legacy reporters did 683 00:39:32,280 --> 00:39:37,040 great job trying to get to the bottom of this and there was 684 00:39:37,040 --> 00:39:39,360 some truth that has been revealed. 685 00:39:39,360 --> 00:39:43,680 So first shout out to Bitcoin Archive, another great Twitter 686 00:39:43,680 --> 00:39:45,880 news aggregator, A Bitcoin news aggregator. 687 00:39:46,240 --> 00:39:51,400 And it goes on to say I spoke to Bloomberg's ETF and analyst J 688 00:39:51,400 --> 00:39:53,880 SEF. Let me pull up his full name, 689 00:39:54,040 --> 00:39:58,320 James, at length and together with his senior colleague Eric, 690 00:39:58,680 --> 00:40:02,040 they give a 90% chance of approval due to a number of 691 00:40:02,040 --> 00:40:03,960 factors, especially and by the way. 692 00:40:04,360 --> 00:40:08,480 These gentlemen are not just, you know, like plebs on the 693 00:40:08,480 --> 00:40:10,800 Internet or just random people on the Internet. 694 00:40:11,520 --> 00:40:17,880 He works at Bloomberg and Eric is a senior ETF analyst for 695 00:40:17,880 --> 00:40:20,760 Bloomberg. So literally, this guy dedicates 696 00:40:20,760 --> 00:40:25,240 his life to covering ETFs. OK, so I'm pretty sure they know 697 00:40:25,240 --> 00:40:28,200 what they're talking about. It goes on to say my interview 698 00:40:28,200 --> 00:40:30,840 with James is really worth listening to because we covered 699 00:40:30,880 --> 00:40:34,960 this from outset and James lays it out quite clearly. 700 00:40:35,400 --> 00:40:38,360 It's worth noting that James and Eric called Grayscale's victory 701 00:40:38,360 --> 00:40:42,320 in advance and have been accurate along all the way along 702 00:40:42,320 --> 00:40:43,920 so far. And I'm sure they have been 703 00:40:43,920 --> 00:40:46,680 because they dedicate their lives to covering ETFs. 704 00:40:46,680 --> 00:40:48,680 Right. Specifically Eric. 705 00:40:48,960 --> 00:40:54,520 So here are a couple key points. Grayscale's legal victory, So it 706 00:40:54,520 --> 00:40:57,600 goes on to say Grayscale winning its court case against SEC has 707 00:40:57,600 --> 00:40:59,240 significantly shifted the landscape. 708 00:40:59,600 --> 00:41:03,160 This court decision has been a major catalyst in increasing the 709 00:41:03,160 --> 00:41:07,280 likelihood of the ETF approval. Second, the SE CS increased 710 00:41:07,280 --> 00:41:10,840 engagement with issuers. The SE CS proactive discussions 711 00:41:10,840 --> 00:41:13,840 and meetings with ETF issuers suggest a more collaborative and 712 00:41:13,840 --> 00:41:17,640 open approach towards resolving outstanding issues and concerns 713 00:41:17,640 --> 00:41:21,280 related to ETFs. Addressing the SE CS concerns, I 714 00:41:21,280 --> 00:41:27,320 would add into that the necessity of Barry, of stepping 715 00:41:27,320 --> 00:41:33,000 away from the sea of being ACEO and Chairman of of of Grayscale 716 00:41:33,800 --> 00:41:38,920 and I would also put into that pot SPF and Binance. 717 00:41:38,920 --> 00:41:42,400 The fact that the US government literally took control of 718 00:41:42,400 --> 00:41:46,320 Binance, I think addresses a lot of those concerns in terms of 719 00:41:46,480 --> 00:41:50,760 manipulation, in terms of skirting U.S. sanctions, even 720 00:41:50,760 --> 00:41:53,640 though I I don't agree with that whole policy and whatever, but 721 00:41:53,640 --> 00:41:58,080 that's another discussion. So yeah, I I do agree with that 722 00:41:58,080 --> 00:42:00,240 third statement. It goes and then it goes on to 723 00:42:00,240 --> 00:42:02,600 say market evolution, maturity, the Bitcoin market has 724 00:42:02,600 --> 00:42:04,880 significantly evolved and matured over the years. 725 00:42:05,160 --> 00:42:08,240 The better infrastructure, increase in institutional 726 00:42:08,240 --> 00:42:12,360 participation and more robust regulatory frameworks, improved 727 00:42:12,360 --> 00:42:15,840 market surveillance and compliance and increase into 728 00:42:15,920 --> 00:42:18,080 institutional interest. I really think that this is the 729 00:42:18,080 --> 00:42:19,880 driving factor. To be honest ladies and 730 00:42:19,880 --> 00:42:22,160 gentlemen, when BlackRock says they're interested in something, 731 00:42:22,920 --> 00:42:24,720 you know doors open, things happen. 732 00:42:24,960 --> 00:42:29,720 Here is also Eleanor, and Eleanor is a journalist and 733 00:42:29,720 --> 00:42:33,080 producer. She works for Fox Business and 734 00:42:33,080 --> 00:42:36,880 she tweeted this out earlier this morning after the FUD 735 00:42:36,880 --> 00:42:40,240 article goes on to say the SEC is holding meetings today with 736 00:42:40,240 --> 00:42:47,600 the exchanges, NASDAQ, the CBOE, and the New York Stock Exchange 737 00:42:47,600 --> 00:42:53,200 to finalize finalize comments on the 19 BFS submitted by the 738 00:42:53,200 --> 00:42:56,600 Bitcoin spot ETF issuer. So it definitely looks like 739 00:42:56,600 --> 00:42:59,920 there's things happening on in the background, but this 740 00:42:59,920 --> 00:43:02,360 wouldn't be simply Bitcoin without a meme. 741 00:43:02,360 --> 00:43:03,800 And here's our boy Nicki at mine. 742 00:43:04,440 --> 00:43:08,520 And you know, this is just so amazing, right? 743 00:43:08,520 --> 00:43:13,600 The coin graft in turn, the matrix port intern and you know 744 00:43:13,600 --> 00:43:16,680 they're just dueling it out. But yeah, I mean this is just 745 00:43:16,680 --> 00:43:21,840 crazy that, you know, there's these, like there's these non 746 00:43:21,840 --> 00:43:29,600 vetted basically financial, you know publications and whatnot 747 00:43:29,600 --> 00:43:34,720 that are just like just by a mere tweet, The price of Bitcoin 748 00:43:34,720 --> 00:43:39,720 dumps like 1010, fifteen, 20%. And of course like, OK, you give 749 00:43:39,720 --> 00:43:41,480 them the benefit of the doubt, it's an intern. 750 00:43:41,880 --> 00:43:44,800 But is it really an intern? Like is it really an intern? 751 00:43:45,160 --> 00:43:49,240 Is it truly an intern? I don't know. 752 00:43:49,240 --> 00:43:50,880 Anyways, Opti, what are your thoughts on all this? 753 00:43:50,880 --> 00:43:52,080 Brother. Yeah. 754 00:43:52,120 --> 00:43:58,960 Well first and foremost I I find it kind of ironic that they 755 00:43:58,960 --> 00:44:03,240 would do this article and they go the background noise because 756 00:44:03,360 --> 00:44:09,120 you know like literally the very reason that the article was 757 00:44:09,120 --> 00:44:11,360 basically saying that the SEC is not going to prove a spot 758 00:44:11,360 --> 00:44:14,720 Bitcoin ETF is for like the main reason I keep hearing is, you 759 00:44:14,720 --> 00:44:18,640 know, protecting the consumer and the market is so young and 760 00:44:18,640 --> 00:44:21,600 and it's a liquid. And you know we got to protect 761 00:44:21,600 --> 00:44:23,720 the consumer from price manipulation. 762 00:44:24,160 --> 00:44:27,760 And this is like a this is happening in real time. 763 00:44:27,760 --> 00:44:30,080 They drop an article, the price goes down. 764 00:44:30,080 --> 00:44:32,480 They're probably shorting this. Like we know the playbook. 765 00:44:32,640 --> 00:44:35,840 We've been seeing this for so long, you flood Bitcoin, you 766 00:44:35,840 --> 00:44:39,040 short it, you profit. You know, literally like the 767 00:44:39,040 --> 00:44:42,880 main reason the SEC uses to delay a spot Bitcoin ETF is 768 00:44:42,880 --> 00:44:47,280 because crypto at large is rife with price manipulation. 769 00:44:47,480 --> 00:44:50,800 And so you know I think there was some signal in that matrix 770 00:44:50,800 --> 00:44:54,320 port article in the in the summary where like of course 771 00:44:54,320 --> 00:44:58,560 Jian Wu doesn't want a spot Bitcoin ETF to be approved when 772 00:44:58,560 --> 00:45:02,800 he is probably still completely bag holding B Cash. 773 00:45:03,160 --> 00:45:06,640 And once Bitcoin gets out of the door, once they spot Bitcoin ETF 774 00:45:06,640 --> 00:45:09,840 gets approved, like all the other cryptos are going to get 775 00:45:09,840 --> 00:45:11,680 completely obliterated in my opinion. 776 00:45:11,680 --> 00:45:13,840 And the amount of liquidity that's going to get injected 777 00:45:13,840 --> 00:45:18,520 into Bitcoin before a quote UN quote spot crypto ETF ever gets 778 00:45:18,520 --> 00:45:20,760 out the door. Like it's going to very 779 00:45:20,760 --> 00:45:24,760 obviously show that there is Bitcoin and then there is 780 00:45:24,760 --> 00:45:27,880 everything else. And it really reminds me of what 781 00:45:27,880 --> 00:45:30,960 Tone Bay said on one of the IR LS you did with him Nico, where 782 00:45:30,960 --> 00:45:34,000 he was saying that Gensler is a maxi and he's trying to hold the 783 00:45:34,000 --> 00:45:37,160 floodgates back from institutional liquidity going 784 00:45:37,160 --> 00:45:39,480 into shit coins. And so that's why he's slow 785 00:45:39,480 --> 00:45:41,880 rolling a spot Bitcoin ETF. And if you read that, if you 786 00:45:41,880 --> 00:45:44,680 reread that summary or rather re listen to that summary report, 787 00:45:45,040 --> 00:45:46,920 you know it. To me it just sounds like Jiwan 788 00:45:46,920 --> 00:45:50,840 Wu is trying to FUD a spot Bitcoin ETF so that he can try 789 00:45:50,840 --> 00:45:55,080 to paint a crypto spot ETF in the same light. 790 00:45:55,080 --> 00:45:58,280 And you know, if you connect those two dots of what Tone base 791 00:45:58,280 --> 00:46:01,280 was saying and kind of what if you read between the lines in 792 00:46:01,280 --> 00:46:05,480 that in that matrix report summary, it's like wow, that may 793 00:46:05,480 --> 00:46:09,240 there may be some real signal to that idea that Gensler is trying 794 00:46:09,240 --> 00:46:14,160 to kind of do his best so that a spot shit coin ETF doesn't get 795 00:46:14,160 --> 00:46:16,680 approved on his watch. Because he's not going to be 796 00:46:16,680 --> 00:46:21,200 able to justify why you can't approve a shit coin ETF when a 797 00:46:21,200 --> 00:46:24,960 Bitcoin ETF gets approved. And just the amount of, I don't 798 00:46:24,960 --> 00:46:29,840 know, man like noise and fires that he will have to put out to 799 00:46:29,840 --> 00:46:31,840 stop a shit coin ETF on his watch. 800 00:46:32,400 --> 00:46:36,520 It could get very, very interesting in the worst way 801 00:46:36,520 --> 00:46:39,960 possible for the shit coin markets out there. 802 00:46:39,960 --> 00:46:42,640 And and of course, as bitcoiners were like, look, of course we're 803 00:46:42,640 --> 00:46:45,440 free market Maxis, but hey, there are institutions in 804 00:46:45,440 --> 00:46:47,680 America and they're supposed to do their job and the Howie test 805 00:46:47,680 --> 00:46:51,640 is pretty clear. All shit coins are securities. 806 00:46:51,640 --> 00:46:56,800 So I think it's kind of funny and ironic that this is the 807 00:46:56,800 --> 00:46:58,360 case. You know, we're still so young 808 00:46:58,360 --> 00:47:01,040 in this market and I I hate using the, like, we are early 809 00:47:01,040 --> 00:47:04,000 meme guys, but like bitcoin's still a baby. 810 00:47:04,000 --> 00:47:05,560 You know, it's only 15 years old. 811 00:47:05,560 --> 00:47:07,800 It's not even at a trillion dollar market cap. 812 00:47:08,200 --> 00:47:13,280 And we're still seeing that a a small concerted effort by a few 813 00:47:13,280 --> 00:47:15,920 of people can literally manipulate the price of the 814 00:47:15,920 --> 00:47:17,640 market. For better or worse, it is what 815 00:47:17,640 --> 00:47:19,040 it is. Like that's where we are right 816 00:47:19,040 --> 00:47:21,760 now until more people understand why they're holding Bitcoin, 817 00:47:22,000 --> 00:47:27,640 until the market cap of Bitcoin is bigger than just, you know, I 818 00:47:27,640 --> 00:47:30,360 I forget what the numbers are. You know, corporations, I think 819 00:47:30,360 --> 00:47:33,880 it's like the top 20th, you know, in market cap compared to 820 00:47:33,880 --> 00:47:35,680 corporations are 16 or something like that. 821 00:47:35,680 --> 00:47:39,800 Like bitcoin's still a baby guys and right now you're still 822 00:47:39,800 --> 00:47:42,400 seeing that you're still so early in this game and and This 823 00:47:42,400 --> 00:47:45,240 is why people get pushed away from Bitcoin in the 1st place 824 00:47:45,240 --> 00:47:48,040 because the crypto market is rife with scams. 825 00:47:48,040 --> 00:47:51,080 Like, we can all agree that I I think there's a statistic that 826 00:47:51,080 --> 00:47:56,280 said like in 2017, the ICL bubble, like 78% of all the shit 827 00:47:56,280 --> 00:47:59,880 coins out there were known scams and people are still like, no, 828 00:47:59,880 --> 00:48:02,280 there's Bitcoin and there's crypto and we're all in this 829 00:48:02,280 --> 00:48:03,440 together. Like, no dog. 830 00:48:03,440 --> 00:48:06,960 Like Bitcoin is obviously different. 831 00:48:07,280 --> 00:48:10,680 And once more people wake up to the idea that Bitcoin is 832 00:48:10,680 --> 00:48:15,320 different, like it's going to be night and day clear that there 833 00:48:15,320 --> 00:48:18,600 is Bitcoin in there, shit coins. But we're still in this early 834 00:48:18,600 --> 00:48:22,120 moment, Like we still have to shed off the the bad taste of 835 00:48:22,120 --> 00:48:23,720 FTX. We still have to shed off the 836 00:48:23,720 --> 00:48:28,560 bad taste of all the ICO scams. And you know, Bitcoin has done a 837 00:48:28,560 --> 00:48:31,480 lot of work in this bear market. And I think moving forward we're 838 00:48:31,480 --> 00:48:34,840 going to see that there is Bitcoin and there is shit coins. 839 00:48:34,840 --> 00:48:37,360 And you know, all this conflating that we're seeing 840 00:48:37,360 --> 00:48:41,400 from legacy shit coiners isn't going to change the fact that 841 00:48:41,400 --> 00:48:45,640 you guys had created securities. And again, you know, not before 842 00:48:45,640 --> 00:48:49,040 Nihilus Fields in the chat calls me a status, hey, there are 843 00:48:49,040 --> 00:48:52,880 rules here and you're not changing anything by just 844 00:48:52,880 --> 00:48:55,320 creating some, you know, printing your own money. 845 00:48:55,640 --> 00:48:59,560 It's like guys, it's very clear that these shit coins are 846 00:48:59,560 --> 00:49:01,040 securities. You're printing money out of 847 00:49:01,040 --> 00:49:04,680 thin air and no amount of lobbying in Washington by Brian 848 00:49:04,680 --> 00:49:07,000 Armstrong and Coinbase is going to change the fact that you guys 849 00:49:07,000 --> 00:49:08,800 are marketing securities on your platform. 850 00:49:09,040 --> 00:49:10,560 There is Bitcoin in there is shit coins. 851 00:49:10,560 --> 00:49:14,520 So I just find it very ironic and hilarious that this is where 852 00:49:14,520 --> 00:49:17,640 we are right now. Where you know, Coin Telegraph 853 00:49:17,640 --> 00:49:20,840 or Matrix Report can write an article, you know the intern can 854 00:49:20,840 --> 00:49:23,640 write an article and the price dumps. 855 00:49:23,640 --> 00:49:26,440 It's like, oh man, I can't wait till we can put this behind us 856 00:49:26,440 --> 00:49:29,440 and we just laugh about it. Dude, it's it's it's just 857 00:49:29,440 --> 00:49:31,760 interesting. It's just it's interesting to 858 00:49:31,760 --> 00:49:34,280 say the least. Anyways, I do want to give a 859 00:49:34,280 --> 00:49:40,400 shout out to our sponsor, Kaboom, because I got my voice 860 00:49:40,400 --> 00:49:41,400 back. Look at that. 861 00:49:41,400 --> 00:49:43,040 I held that. I held that for a while. 862 00:49:43,200 --> 00:49:45,160 You can scan the QR code on your screen. 863 00:49:45,160 --> 00:49:48,040 It'll take you directly to the Kaboom Racks marketplace. 864 00:49:48,040 --> 00:49:52,040 They're the most trusted place to buy, sell and host mining 865 00:49:52,040 --> 00:49:54,160 equipment. If you want to buy mining 866 00:49:54,160 --> 00:49:56,520 equipment, you can check out their inventory on their 867 00:49:56,520 --> 00:49:58,640 Telegram marketplace. You can do that by checking the 868 00:49:58,640 --> 00:50:01,720 QR code, scanning the QR code on your screen, or you could check 869 00:50:01,760 --> 00:50:04,040 the V link in the video description and you can connect 870 00:50:04,040 --> 00:50:05,440 with a member of their sales team. 871 00:50:05,440 --> 00:50:08,000 They make purchasing their products easy and transparent. 872 00:50:08,160 --> 00:50:11,520 You could also sell mining equipment with them access their 873 00:50:11,520 --> 00:50:14,720 vast network of domestic and international customers. 874 00:50:14,800 --> 00:50:18,240 When you sell your mining equipment with Kaboom racks, 875 00:50:18,320 --> 00:50:21,880 what are you waiting for? Start your mining utopia today, 876 00:50:22,000 --> 00:50:25,040 and there's no better place to do that with than Kaboom. 877 00:50:26,000 --> 00:50:28,000 All right everybody, let's hit the culture. 878 00:50:28,000 --> 00:50:29,440 We have a lot to talk about. Let's check it out. 879 00:50:32,760 --> 00:50:37,520 The daily culture brought to you by Swan. bitcoin.com. 880 00:50:37,520 --> 00:50:40,600 Swan is the best way to build your Bitcoin stack with 881 00:50:40,640 --> 00:50:44,280 automated Bitcoin savings plans and instant purchases serving 882 00:50:44,280 --> 00:50:48,600 clients of any size from $10 to $10 million. 883 00:50:48,600 --> 00:50:52,000 We love Swan because they incentivize self custody and 884 00:50:52,000 --> 00:50:54,640 dollar cost averaging. What are you waiting for? 885 00:50:54,640 --> 00:51:00,800 Visit Swan bitcoin.com today. All right boys and girls, happy 886 00:51:00,800 --> 00:51:02,920 birthday to Bitcoin, 15 years strong. 887 00:51:04,200 --> 00:51:08,400 I should have had like a kazoo here, some fireworks and stuff. 888 00:51:08,800 --> 00:51:13,400 Anyways, as I told you, I thought this morning, you know, 889 00:51:13,400 --> 00:51:16,080 my goal here is to try to distill as much wisdom as 890 00:51:16,080 --> 00:51:18,560 possible to get everyone on the same page. 891 00:51:18,560 --> 00:51:20,600 Of course, we're all on a different journey, we've all 892 00:51:20,600 --> 00:51:22,640 been in Bitcoin for different amount of times. 893 00:51:22,840 --> 00:51:25,800 So I try to distill as much wisdom as possible in the 894 00:51:25,800 --> 00:51:27,960 culture. And you know, here we go. 895 00:51:28,040 --> 00:51:32,200 I'm going to start off with with a classic Bitcoin Classic. 896 00:51:32,480 --> 00:51:35,200 Some might say this is a meme. You know the times here. 897 00:51:35,360 --> 00:51:40,440 Saturday, January 3rd, 2009, we have Chancellor on the brink of 898 00:51:40,440 --> 00:51:42,960 second bailout for banks. And if you guys are known, 899 00:51:42,960 --> 00:51:45,640 actually, maybe maybe I should, I should have brought it up 900 00:51:45,640 --> 00:51:47,880 here. I'll get you the Genesis block 901 00:51:47,880 --> 00:51:51,320 so you guys can see what we are talking about. 902 00:51:51,680 --> 00:51:55,560 It is inscribed in the very first block of Bitcoin. 903 00:51:56,160 --> 00:51:58,760 Here we go. Let me get this one up for you. 904 00:51:58,760 --> 00:52:00,720 Oops, wrong one. It's not Lincoln. 905 00:52:01,440 --> 00:52:06,480 You can see that is inscribed here, right here. 906 00:52:07,240 --> 00:52:10,280 Chancellor on the brink of second bailout, The first block 907 00:52:10,280 --> 00:52:14,040 for Bitcoin January 3rd, 2009. So Bitcoin 15 years strong, 908 00:52:14,040 --> 00:52:16,560 guys, we're still so early in this. 909 00:52:16,560 --> 00:52:20,360 I I know, I hate using that meme, but it's still so early. 910 00:52:20,360 --> 00:52:24,240 Like I think Bitcoin is superior to all other monies. 911 00:52:24,320 --> 00:52:29,080 Obviously Fiat can be the base gold, you know, shouts out to 912 00:52:29,080 --> 00:52:31,120 the hard money advocates, the gold bugs out there. 913 00:52:31,120 --> 00:52:34,000 But bitcoins going to replace the hard money? 914 00:52:34,000 --> 00:52:35,160 It's the newest kid on the block. 915 00:52:35,160 --> 00:52:39,000 The only thing gold has on Bitcoin is the fact that it's 916 00:52:39,000 --> 00:52:41,960 been around longer. But Bitcoin is the superior way 917 00:52:41,960 --> 00:52:45,840 in my opinion, to store money through time and space, and it's 918 00:52:45,840 --> 00:52:49,560 only a matter of time until everyone wakes up to this truth. 919 00:52:49,720 --> 00:52:54,360 So on that note, I'm using a blank slate IO over here. 920 00:52:54,360 --> 00:52:56,520 Sorry for the white, I don't know how to change the color so 921 00:52:56,520 --> 00:52:57,920 someone knows how to let me know. 922 00:52:58,400 --> 00:53:00,680 I wrote down this morning and was thinking about it while I 923 00:53:00,680 --> 00:53:04,480 was in in my slumber last night. What can I provide for you guys 924 00:53:04,880 --> 00:53:07,680 today on the 15th birthday of Bitcoin? 925 00:53:07,680 --> 00:53:11,120 Well, I thought of 15 lessons, 15 things we've learned in the 926 00:53:11,120 --> 00:53:15,320 fat past 15 years to help you learn and get on board and 927 00:53:15,320 --> 00:53:18,400 protect yourself so that you do not get wrecked. 928 00:53:18,400 --> 00:53:21,520 Because it's it's very easy to wreck yourself in the Bitcoin 929 00:53:21,520 --> 00:53:23,400 space there. It's rife with scams. 930 00:53:23,560 --> 00:53:26,240 There's as I like to think of it, it's like, remember that one 931 00:53:26,240 --> 00:53:28,160 game on the computer back in the day? 932 00:53:28,160 --> 00:53:31,120 If you're like my Minecraft, you know you're you're just checking 933 00:53:31,120 --> 00:53:33,880 for, for, for, for mines everywhere. 934 00:53:33,880 --> 00:53:36,800 It's like walking a minefield in the Bitcoin space until you get 935 00:53:36,800 --> 00:53:39,440 to the center of the Tootsie Pop, which is Bitcoin and 936 00:53:39,440 --> 00:53:41,880 Bitcoin only and spreading that Bitcoin signal. 937 00:53:41,880 --> 00:53:44,720 Anyways, 15 lessons on bitcoins, 15th birthday? 938 00:53:44,720 --> 00:53:48,560 First one is obviously there is no political solution. 939 00:53:49,200 --> 00:53:52,160 The only way to fix this is a peer-to-peer electronic cash 940 00:53:52,160 --> 00:53:55,640 system that is permissionless, censorship resistant that you 941 00:53:55,640 --> 00:53:59,040 opt into, that you voluntarily opt into. 942 00:53:59,440 --> 00:54:03,360 And no amount of state violence can force us to use any more 943 00:54:03,360 --> 00:54:06,120 money because we have a solution. 944 00:54:06,120 --> 00:54:08,600 Now it is Bitcoin. There is a Ledger that they 945 00:54:08,600 --> 00:54:12,760 cannot tamper with that you can opt into and protect yourself. 946 00:54:14,000 --> 00:54:15,640 And this is what this is all about guys. 947 00:54:15,640 --> 00:54:19,080 This is why this was inscribed in the genesis block, because we 948 00:54:19,080 --> 00:54:23,320 know that the banks will continue to bail themselves out. 949 00:54:23,320 --> 00:54:27,040 They will continue to steal from the little guy and now we don't 950 00:54:27,040 --> 00:54:28,960 have to take that abuse. You do not have to take the 951 00:54:28,960 --> 00:54:31,960 abuse of debasing your currency. As we showed you in the numbers, 952 00:54:32,280 --> 00:54:35,640 the only way to fix our problems is to separate money from state. 953 00:54:35,640 --> 00:54:38,680 The next one is obviously guys huddle, don't trade. 954 00:54:38,680 --> 00:54:42,080 As we saw yesterday, you know the markets are very volatile. 955 00:54:42,760 --> 00:54:44,160 SEC might be right on that point. 956 00:54:44,160 --> 00:54:46,560 The the market is volatile, but it's not necessarily that 957 00:54:46,560 --> 00:54:49,000 Bitcoin is volatile because it's still one Bitcoin equals one 958 00:54:49,000 --> 00:54:51,640 Bitcoin. It is Fiat that is volatile and 959 00:54:51,640 --> 00:54:53,160 Bitcoin is just reacting to that. 960 00:54:53,160 --> 00:54:56,280 So don't get caught on the sidelines, don't get over 961 00:54:56,280 --> 00:55:00,480 leverage, just huddle Your Bitcoin don't trade because you 962 00:55:00,480 --> 00:55:03,880 might get wrecked like on a move we just saw yesterday. 963 00:55:04,040 --> 00:55:07,080 The next one is obviously exchanges are not wallets. 964 00:55:07,280 --> 00:55:11,720 So many examples of this, from Mount G Ox to FTX to everything 965 00:55:11,720 --> 00:55:14,320 in between. We've have numerous examples of 966 00:55:14,320 --> 00:55:16,320 this. Do not keep your Bitcoin on 967 00:55:16,320 --> 00:55:20,200 exchanges for long term storage. And I would say again going back 968 00:55:20,200 --> 00:55:22,200 to the the second point, don't trade. 969 00:55:22,600 --> 00:55:24,640 The only reason you'd keep Bitcoin on an exchange is if 970 00:55:24,640 --> 00:55:25,840 you're trading. So don't trade. 971 00:55:25,840 --> 00:55:28,960 Take your Bitcoin into cold storage and again, don't 972 00:55:28,960 --> 00:55:30,400 complicate your cold storage guys. 973 00:55:30,400 --> 00:55:31,920 Keep it simple. Stupid. 974 00:55:32,240 --> 00:55:37,360 You know, we've seen so many, so many examples of people over 975 00:55:37,360 --> 00:55:39,880 complicating the cold storage and then they lock themselves 976 00:55:39,880 --> 00:55:42,240 out of Bitcoin. Yes, we're all afraid of someone 977 00:55:42,240 --> 00:55:45,480 coming to our house and robbing us because we don't have the 978 00:55:45,480 --> 00:55:48,640 backing of state violence to stop a criminal from trying to 979 00:55:48,640 --> 00:55:53,000 steal our Bitcoin, but there's been probably way more examples 980 00:55:53,000 --> 00:55:56,520 of people losing their Bitcoin. So hey, if you're if you're not 981 00:55:56,520 --> 00:56:01,560 the most advanced computer guy, proceed with a password. 982 00:56:01,560 --> 00:56:04,080 It's probably the best setup. But hey, if you wanna go into 983 00:56:04,080 --> 00:56:07,560 multi sig, highly encourage it. The next one is everyone's a 984 00:56:07,560 --> 00:56:10,200 scammer. Guys, go read the Nakamoto 985 00:56:10,200 --> 00:56:12,760 Institute article by bit scene. Everyone's is a scammer. 986 00:56:12,760 --> 00:56:15,800 Make sure you're playing the music as well to get the whole 987 00:56:15,800 --> 00:56:18,040 vibe. As we've seen, as we've shown on 988 00:56:18,040 --> 00:56:22,400 today's show, the shit coin scammers out there are trying to 989 00:56:22,400 --> 00:56:24,240 get your Bitcoin. The institutions are coming, 990 00:56:24,240 --> 00:56:25,680 they're trying to get your Bitcoin. 991 00:56:25,960 --> 00:56:28,800 But again guys, everyone's a scammer, we all want Bitcoin. 992 00:56:28,800 --> 00:56:32,720 So just acknowledge that greed is good and everyone is coming 993 00:56:32,720 --> 00:56:34,840 after your Bitcoin. So again, protect your Bitcoin, 994 00:56:34,840 --> 00:56:37,160 take it off in exchange huddle, don't trade. 995 00:56:37,160 --> 00:56:39,560 And then the next one. Guys there is no new Bitcoin. 996 00:56:39,560 --> 00:56:44,320 As we saw 2017 ICL boom, everyone in their mother was 997 00:56:44,320 --> 00:56:47,520 creating the next new hotter Bitcoin with new bells and 998 00:56:47,520 --> 00:56:49,840 whistles and the only thing that will last is Bitcoin. 999 00:56:49,840 --> 00:56:53,040 There is no new Bitcoin. There is Bitcoin and then there 1000 00:56:53,040 --> 00:56:54,800 is shit coin. It's literally been said in the 1001 00:56:54,800 --> 00:56:56,640 halls of Congress. There's Bitcoin and there's shit 1002 00:56:56,640 --> 00:56:58,600 coin. It's going down in history guys, 1003 00:56:58,760 --> 00:57:01,240 there's Bitcoin and then there's everything else that's trying to 1004 00:57:01,240 --> 00:57:03,720 steal your Bitcoin. The next one is miners do not 1005 00:57:03,720 --> 00:57:05,760 control Bitcoin. I'm super glad we brought on G 1006 00:57:05,960 --> 00:57:08,400 brought up Jiwan Wu on today's show. 1007 00:57:08,560 --> 00:57:15,000 Because if you aren't not aware of what the 2017 fork wars was 1008 00:57:15,000 --> 00:57:18,120 about, I would highly recommend you read it. 1009 00:57:18,320 --> 00:57:19,960 But again, miners do not control Bitcoin. 1010 00:57:20,080 --> 00:57:22,120 The next one, Businesses do not control Bitcoin. 1011 00:57:22,120 --> 00:57:25,560 We saw the same thing, fork wars miners and some Bitcoin 1012 00:57:25,560 --> 00:57:27,720 businesses colluded to fork the network. 1013 00:57:27,800 --> 00:57:30,840 Well, we've learned in time that miners do not control Bitcoin. 1014 00:57:30,840 --> 00:57:32,360 Businesses do not control Bitcoin. 1015 00:57:32,480 --> 00:57:35,080 It is you, the user, that controls Bitcoin. 1016 00:57:35,080 --> 00:57:39,400 The economic activity of Bitcoin is what is the Bitcoin network. 1017 00:57:39,400 --> 00:57:42,800 It was. It's what predestined what's 1018 00:57:42,800 --> 00:57:45,120 going on in Bitcoin. It's people like you that are 1019 00:57:45,120 --> 00:57:47,960 using Bitcoin to transact and the only way you really know is 1020 00:57:47,960 --> 00:57:49,680 the next one. Run a node guys, you need to run 1021 00:57:49,680 --> 00:57:52,920 a node. That is how you show that you 1022 00:57:52,920 --> 00:57:57,200 are on Bitcoin, that you are using Bitcoin for economic 1023 00:57:57,200 --> 00:57:58,960 activity. You need to run a node guys. 1024 00:57:59,360 --> 00:58:01,680 You know, maybe you Uncle Jim, your friends and family. 1025 00:58:01,880 --> 00:58:05,520 I am not diluted into thinking that everyone will run a node, 1026 00:58:05,760 --> 00:58:07,880 but we need more nodes on the network. 1027 00:58:07,880 --> 00:58:10,200 We need to ensure that the Bitcoin network stays 1028 00:58:10,200 --> 00:58:12,480 decentralized. Make sure you're verifying your 1029 00:58:12,480 --> 00:58:13,920 transactions and that's the next one. 1030 00:58:13,920 --> 00:58:16,600 Don't trust verify, Verify your transactions. 1031 00:58:16,600 --> 00:58:17,800 This is why you want to run a note. 1032 00:58:17,800 --> 00:58:21,360 And furthermore, as we keep covering on the show, mainstream 1033 00:58:21,360 --> 00:58:23,240 media keeps lying. They keep flooding Bitcoin. 1034 00:58:23,240 --> 00:58:26,280 Well, you know, let's try not to spread all the fake news as 1035 00:58:26,280 --> 00:58:27,560 well. I know sometimes we do it for 1036 00:58:27,560 --> 00:58:30,720 entertainment value, but don't trust, verify it. 1037 00:58:30,720 --> 00:58:33,280 Whether that's in transactions, whether that's in the media 1038 00:58:33,280 --> 00:58:35,760 that's being portrayed, whether that's in the FUD. 1039 00:58:36,440 --> 00:58:37,520 Educate yourself. Know why? 1040 00:58:37,520 --> 00:58:40,280 You huddle and the huddling becomes easier the next one. 1041 00:58:40,280 --> 00:58:41,600 Bitcoin flows to the strongest hands. 1042 00:58:41,800 --> 00:58:44,440 We've seen this constantly, and we're we saw it yesterday. 1043 00:58:44,440 --> 00:58:46,560 You know, the Bitcoin price gets volatile. 1044 00:58:46,720 --> 00:58:48,520 People get scared. They dump their Bitcoin while 1045 00:58:48,520 --> 00:58:50,360 Bitcoin flows to the strongest hands. 1046 00:58:50,520 --> 00:58:54,080 Make sure you have, as the meme goes, the diamond hands huddle 1047 00:58:54,080 --> 00:58:55,600 that Bitcoin. Hold on it. 1048 00:58:55,640 --> 00:58:56,680 What's it? What's the other one? 1049 00:58:56,680 --> 00:58:59,440 Hold on for dear life, or whatever the meme was. 1050 00:59:00,800 --> 00:59:02,320 Bitcoin flows to the hardest hands guys. 1051 00:59:02,680 --> 00:59:08,360 You want to ensure that you are a hard handed hodler of last 1052 00:59:08,360 --> 00:59:09,280 resort. This is the way. 1053 00:59:09,280 --> 00:59:11,080 And the next one. Stay humble, Stacks at Stay 1054 00:59:11,080 --> 00:59:14,200 solvent. This is a compilation of Matt 1055 00:59:14,200 --> 00:59:16,200 O'dell's MEMA. Stay humble stacks that's in our 1056 00:59:16,200 --> 00:59:17,760 Boy by Kingo. Stay solvent. 1057 00:59:18,400 --> 00:59:20,880 This is I think one of the strongest memes recently. 1058 00:59:20,880 --> 00:59:25,720 Of course guys, do not get too excited in the bull run. 1059 00:59:26,720 --> 00:59:28,360 Even in the bear run. Don't, don't go. 1060 00:59:28,400 --> 00:59:31,520 Don't get into debt to stack more stats if you don't have a 1061 00:59:31,520 --> 00:59:33,840 way of paying it off. Don't get over leverage in the 1062 00:59:33,840 --> 00:59:35,680 bull run when it gets super frothy. 1063 00:59:35,880 --> 00:59:39,120 Stay humble, stack sats. Make sure you are constantly 1064 00:59:39,120 --> 00:59:41,600 buying Bitcoin and the last one. Stay solvent. 1065 00:59:41,600 --> 00:59:43,640 Guys. Make sure you have cash flow 1066 00:59:43,640 --> 00:59:46,880 coming in because you do not want to dump your Bitcoin before 1067 00:59:47,040 --> 00:59:51,280 you get to the fabled hyper bitcoinization. 1068 00:59:51,280 --> 00:59:53,840 And then of course Infinity divided by 21 million. 1069 00:59:53,840 --> 00:59:56,560 I really love this meme. All the world's wealth, in my 1070 00:59:56,560 --> 00:59:59,760 opinion, will eventually be divided by the 21 million hard 1071 00:59:59,760 --> 01:00:02,840 cap of Bitcoin. So if you don't think you're 1072 01:00:02,840 --> 01:00:07,880 early to Bitcoin at what $600 billion market cap like? 1073 01:00:08,720 --> 01:00:11,560 Again, educate yourself. There's I think. 1074 01:00:11,560 --> 01:00:14,920 I think the meme is like $900 trillion. 1075 01:00:15,400 --> 01:00:17,640 Of assets in the world. That's all the wealth in the 1076 01:00:17,640 --> 01:00:19,760 world right now that will also increase. 1077 01:00:19,920 --> 01:00:23,000 Well, all that has to get divided by 21 million. 1078 01:00:23,400 --> 01:00:26,240 Of course, all that liquidity is not going into Bitcoin 1079 01:00:27,160 --> 01:00:30,520 completely. But any of that liquidity going 1080 01:00:30,520 --> 01:00:34,000 into Bitcoin, a fraction of that is going to ensure that the 1081 01:00:34,000 --> 01:00:37,360 Bitcoin price goes nuclear gradually. 1082 01:00:37,360 --> 01:00:39,920 Then suddenly and we are starting to enter the suddenly 1083 01:00:39,920 --> 01:00:43,200 stage and I'm sure we're going to see another suddenly cycle 1084 01:00:43,200 --> 01:00:47,360 2024 to 2025 and beyond. And the last one, I say it all 1085 01:00:47,360 --> 01:00:52,000 the time when I do the numbers. My favorite number is the block 1086 01:00:52,000 --> 01:00:52,640 height. TikTok. 1087 01:00:52,640 --> 01:00:55,360 Next block, Bitcoin never dies. As we're seeing, there'll be 1088 01:00:55,360 --> 01:00:58,440 more and more obituaries in regards to Bitcoin dying. 1089 01:00:58,600 --> 01:01:01,400 You know, people see the price go to a new all time high and 1090 01:01:01,400 --> 01:01:03,680 then they'll probably retrace and they'll be like, oh, it's 1091 01:01:03,680 --> 01:01:07,680 over, Bitcoins dead and go read all the old Bitcoin obituaries. 1092 01:01:07,680 --> 01:01:11,040 Bitcoin never dies. TikTok next block every 10 1093 01:01:11,040 --> 01:01:13,560 minutes, roughly every 10 minutes we see a new block. 1094 01:01:13,800 --> 01:01:16,720 It is literally the heart pulse of Bitcoin. 1095 01:01:16,840 --> 01:01:19,280 It is because you guys are transacting out there. 1096 01:01:19,520 --> 01:01:24,480 It's because people find value in Bitcoin and even here, you 1097 01:01:24,480 --> 01:01:27,280 know I brought up Men Pulled Out Space, one of my favorite sites. 1098 01:01:27,520 --> 01:01:30,440 You can see, you know last block came in 17 minutes ago. 1099 01:01:30,440 --> 01:01:32,160 We still have more and more blocks. 1100 01:01:32,520 --> 01:01:34,600 Tiktok, next block. Bitcoin never dies. 1101 01:01:34,600 --> 01:01:38,560 Bitcoin is here to stay. And if we do this correctly, 1102 01:01:38,560 --> 01:01:42,440 guys, if we insure the Bitcoin network by running nodes, we 1103 01:01:42,440 --> 01:01:45,120 will be here for another 15 years plus. 1104 01:01:45,320 --> 01:01:48,080 Hopefully this is the new monetary network for the next 1105 01:01:48,080 --> 01:01:51,200 1000 plus years. And it's really hard to think of 1106 01:01:51,200 --> 01:01:53,440 anything that will replace Bitcoin at this point. 1107 01:01:53,440 --> 01:01:55,840 But it is because you guys run the nodes. 1108 01:01:55,840 --> 01:01:58,640 It's because you guys find value in Bitcoin is because you guys 1109 01:01:58,640 --> 01:02:02,600 continue to stack every single day, every single week, every 1110 01:02:02,600 --> 01:02:05,240 single month and save in Bitcoin. 1111 01:02:05,400 --> 01:02:07,320 This is the way. What's the meme? 1112 01:02:07,320 --> 01:02:09,640 You need Bitcoin more than Bitcoin needs you. 1113 01:02:09,920 --> 01:02:14,320 Well, Bitcoin is a network of people out there and we have all 1114 01:02:14,480 --> 01:02:18,840 collectively, individually come to the shelling point that 1115 01:02:18,840 --> 01:02:23,280 Bitcoin is the best money and we find value in saving our wealth 1116 01:02:23,280 --> 01:02:28,160 through time and space on a network, in a monetary asset 1117 01:02:28,160 --> 01:02:31,280 that cannot be the base of the censorship resistant, that is 1118 01:02:31,280 --> 01:02:34,120 permissionless. So shout out to Satoshi for 1119 01:02:34,120 --> 01:02:37,240 creating this beautiful, beautiful experiment, this 1120 01:02:37,240 --> 01:02:40,360 beautiful movement, this beautiful monetary lecture, this 1121 01:02:40,360 --> 01:02:43,560 this Frankenstein monetary Ledger that is Bitcoin that is 1122 01:02:43,560 --> 01:02:46,760 unstoppable. And here's to another 15 years, 1123 01:02:46,760 --> 01:02:48,440 guys. Truly, I hate to say it, but 1124 01:02:48,440 --> 01:02:51,200 we're so early. It's only 15 years in this game. 1125 01:02:51,200 --> 01:02:53,800 Happy birthday to Bitcoin. You know, without Bitcoin I 1126 01:02:53,800 --> 01:02:56,480 wouldn't be here. I wouldn't be doing my my life's 1127 01:02:56,480 --> 01:02:58,040 purpose. I wouldn't be here every single 1128 01:02:58,040 --> 01:03:00,520 day having fun with my boy Nico and all of you guys. 1129 01:03:00,640 --> 01:03:02,760 Oh, you know, bitcoins changed my life. 1130 01:03:03,200 --> 01:03:05,480 If you are new to Bitcoin, just trust the process. 1131 01:03:05,480 --> 01:03:08,920 Stacks at Stay humble, stay solvent, and in another cycle 1132 01:03:08,920 --> 01:03:11,640 you will also understand exactly what I'm saying. 1133 01:03:11,640 --> 01:03:16,560 So I'm I'm trying to distill 15 years into what, 15 minutes and 1134 01:03:16,560 --> 01:03:18,200 I just hope you guys get some value out of this. 1135 01:03:18,200 --> 01:03:21,160 On that note, shouts out the Bitcoin Happy birthday Bitcoin 1136 01:03:21,160 --> 01:03:25,400 to another 15 years. Happy happy birthday, Bitcoin. 1137 01:03:25,400 --> 01:03:27,160 15 years old. Wow. 1138 01:03:27,160 --> 01:03:30,560 What a, what a journey. What a path it has been. 1139 01:03:31,080 --> 01:03:34,320 And yeah man, this is. But this is just the beginning 1140 01:03:34,320 --> 01:03:35,880 guys. This is just the beginning of 1141 01:03:35,880 --> 01:03:37,760 something wonderful, Something great. 1142 01:03:38,240 --> 01:03:42,080 So buckle up, fasten your seatbelts, because it's going to 1143 01:03:42,080 --> 01:03:47,040 be a hell of a ride from here and the best is yet to come. 1144 01:03:47,280 --> 01:03:49,360 Anyways, guys, if you enjoyed the episode, you know what to 1145 01:03:49,360 --> 01:03:50,800 do. Smash that like button. 1146 01:03:50,840 --> 01:03:53,800 Consider subscribing if you feel like we provided you value. 1147 01:03:53,800 --> 01:03:56,440 But the number one thing you could do to help push the 1148 01:03:56,440 --> 01:03:59,040 peaceful Bitcoin revolution is share this content. 1149 01:03:59,040 --> 01:04:03,120 Share all Bitcoin content. Don't be exclusive, Be inclusive 1150 01:04:03,720 --> 01:04:05,800 for all the meme lovers. We'll be back with the meme 1151 01:04:05,800 --> 01:04:09,040 review on Friday's episode. I did have the meme review, but 1152 01:04:09,040 --> 01:04:11,520 we're. Yeah we're we're we are 1153 01:04:11,520 --> 01:04:13,160 overtime. We had a We had a special 1154 01:04:13,160 --> 01:04:15,800 episode today, But we love you all blame. 1155 01:04:15,800 --> 01:04:17,560 Nico, somehow, someway this is Nico. 1156 01:04:17,560 --> 01:04:19,240 'S fault. We we love you guys. 1157 01:04:19,240 --> 01:04:23,200 Thank you so much for tuning in and we will see you guys on the 1158 01:04:23,200 --> 01:04:25,000 next one. Peace out, everybody.