Wait. Wait, hold on, hold on.
We're live, are we? Totally live all right guys.
Bitcoin dumped more than 9% over the weekend from its all time
high. We went to this guy.
All right, all right, all right here, we'll do it again.
What? All right, we're nuke today.
All right, Bitcoin dumped more than 9% over the weekend from
its all time high and most of us, including us here, well
maybe not all of us here thought it was ready to RIP to 150K.
But the crazy thing is at the same time, MicroStrategy and
it's copycats just bought $2.5 billion of Bitcoin last week,
which is leading everyone to wonder why is the price not
mooning? Is the bull run over or this is
going to be the bullish take of this guys?
Or is Bitcoin gearing up for the most bullish quarters in its
history? When we dive into the history of
Bitcoin, you might just be surprised.
Again, I've been saying it for a couple of months here on the
show. Did they say we crash?
Are we still alive? Yeah, it looks like we're still
here. It looks like we're still here.
Guys, let me let us know in the chat.
Are we still? Yeah, OK.
They're laughing at us. We're totally alive.
Nico. Nico freaking got me all all off
cater today. It was Restream.
That's right. All right.
Anyways, anyways, let's get into it, guys.
I've been saying for a minute, I think the end of this year is
going to set up super bullish. But before I get into that, of
course I'm sure you guys saw over the weekend Friday, Bitcoin
dumped, we got to a low of about 111 K.
It really kind of rebounded around 1:12 and then today we
kick back up to around 115 K roughly.
Right now. I think I'd last, last I saw
before I went live was like 114.7.
So it seems to be rebounding strong.
But of course, as as is always, as is usual here, when Bitcoin
dumps, you start to get, you know, the sky is falling, it's
over. I think we still all have PTSD
considering the 2021 bull market got cut short.
The double top meme is still alive and here's some headlines
from over the weekend. Bitcoin holders bleed as Binance
daily inflows near 7000 Bitcoin Just going to read the kind of
key points Bitcoin speculators. I guess that's us joins Wales in
sending Bitcoin to exchanges and the price then dipped below 112
again. I think I saw 111.4 as the
lowest it got. An analyst wants warns that
continued whale selling could spark a deeper, longer Bitcoin
price correction. Exchange order book activity
shows large scale market exiting, but Bitcoin is
attempting to reclaim 114. This was a couple days ago.
It did reclaim it. And of course, as we had
probably one of the most bearish weeks in terms of Bitcoin being
sold on the exchanges again, hundreds of thousands of coins
were hitting the exchanges last week.
The Bitcoin price coming back to around 115K, I think it's
really, really strong signal that this, this run isn't over.
I, I would argue that this run hasn't even started and I'll
make my case for that in a minute.
But before we go on to that, we even got Arthur Hayes, who has
been historically bullish the last couple of months, starting
to get bearish. So I, I think him and Nico have
been communicating lately because, you know, Nico is the
perma bear here, but bearish. Arthur Hayes says Bitcoin could
retrace to 100K on macro headwinds.
Let's kind of just read over what these macro headwinds are.
Hayes linked the recent crypto pull back to renewed tariff
fears sparked by the disappointing non farm payrolls
report, which showed just 73,000 new jobs added in the US in
July, a sign of economic fragility.
And then of course, Hayes also pointed to sluggish credit
growth in major economy, stunting nominal gross domestic
product growth in warning that Bitcoin could fall towards 100K
again. It kind of held up pretty good
and and you know, the consideration of everything it
it kind of held up good considering there was hundreds
of thousands of coins hitting the exchange last week.
We saw a lot of old dormant wallet start to open up and
move, which really kind of got the rumor mills going of the
consideration of how many quote bit loss Bitcoin are there
really? I know the old debates of, hey,
we should we should, you know, change the code so that we can
scoop up all this old bitcoins because, you know, no one's
using all that lost Bitcoin needs to get recirculated.
I think now that meme has kind of full thoroughly been
destroyed and and we can just say there's some there's some OG
holders out there that been holding this stuff for a long
time. Those coins are probably not
lost, which is going to be very interesting moving forward
considering whether there's actually, you know, the, the
common kind of ideas, there's like 4 or 5 million Bitcoin that
are lost now. I, I don't think we can even say
that anymore. It's, it's starting to look like
people have just been holding it for that long.
There's obviously a lot of lost coin, but maybe all of our
estimates of how much coin is lost is really overshooting it
anyways. At the same time, this is where
it starts to get really crazy. I know everyone was watching
over the weekend. We got a bullish report coming
out of the White House. We're we're getting all kinds of
turnarounds coming out of the SEC and we are start, we're
seeing literally unprecedented buys coming from these corporate
treasury companies, not just MicroStrategy or Metaplanet.
There's actually been a huge. So Metaplanet buys $54 million
worth of Bitcoin, maintaining their 7th place globally with
17,595 Bitcoin. And then of course, Sailor just
bought up more Bitcoin. He announced a $2.4 billion buy,
I believe it was like Tuesday or Wednesday.
And then by Thursday, Thursday night, he announced another 4
point something billion dollar buy.
So he is scooping up coins. Of course, all that capital
hasn't really fully hit the market.
But looking over at Bitcoin treasuries, of course strategy
now holds 628,791 coins. And there was actually a good
clip. I don't know if we want to play
it or have enough time to play it, but he was asked on, I
believe his squawk box, but are you trying to own all of the
Bitcoin? And he finally came around to
saying like, no, there's no value in one entity owning all
the Bitcoin, which is something all of us, excuse me, Bitcoiners
have been saying for a long time.
As you can see, Metaplanet still buying.
They're currently in 7th place. And you know, Coinbase is
finally, finally coming to the game and starting their own or
continuing their Bitcoin treasury strategy.
They they bought a couple, I think it was a couple thousand
over the weekend. So you can see, you know, the
games, the game's getting crazy and Jack Mall is 21 capital.
They're coming in strong jump to the third place with 43,000.
ANYWAYS, that's that's you know, we we've been watching the
Bitcoin treasury strategies play out.
They're seemingly supposedly scooping up a lot of Bitcoin.
But this news right here shouts out the Bitcoin archive.
Public companies bought over $2.5 billion a Bitcoin last
week. Of course everyone wants to
catch Sailor. You can see here the weekly net
inflow was $2.56 billion. The weekly Bitcoin net inflow
was 21,895.98 Bitcoin. But of course, that really is
only a dent when you consider that there was literally, you
know, one $80,000 sale of Bitcoin last week and then there
was multiple old wallet opening up.
And I think the math that we had, it was like 107,000 Bitcoin
that hit the exchanges last week.
So I, I think it's very simple. I know there's still the
conversation of paper Bitcoin is the price being suppressed.
I always, you know, Occam's razor, this, they're just,
there's a lot of Bitcoin being sold right now.
But in the face of everything going on, Bitcoin holding on at
around 1:15, I think it's super, super bullish.
And before I get into my bullish takes on why I think this is
going to end up and be an incredibly bullish end of the
year, Nico, let's pass it to you.
What what's your initial thoughts when you saw the price
dumb. You know, what's what's your
ideas is Arthur Wright And then take into account all of the
Bitcoin that is supposedly again, I'm I'm doing air quotes
here, supposedly being bought by these Bitcoin treasury
companies. What's your vibe here as the
reigning perma bear on the show? What, what is your, your gut
telling you right now before, before I make my my bullish
case? Yeah, I mean, my gut is telling
me that dude, like, you know, we're supposedly in a quote UN
quote bull market, but I haven't seen it yet.
I haven't seen this bull market. Like we've we've been
essentially going sideways for the past year or so.
And you know, we started the year at 109,000 with on Trump's
inauguration day, we're at 115,000.
We dipped to 75,000 in the middle of the year.
Now we're back up, but this isn't a bull market.
I think I saw British Huddle say it initially where he was like,
look, guys, like we're not in a bull market right now.
And I would agree with him. We're not in a bull market.
This doesn't feel like a bull market.
I think we're gonna have a great end of the year.
That's what my, my Spidey senses are telling me just based on
Bitcoin's historical patterns. But I, I would say that this,
this year has, has been underwhelming so far.
Bitcoin is still up. I think it's up like 1020% on
the year, which is fantastic just in general terms, but in
Bitcoin terms, it's been a little bit lackluster.
But I, but I, here's the silver lining that I will say though,
too is, and I think the more we consolidate at these prices, the
bigger, the bigger the base when we inevitably start to go up.
So I think it is a good thing, but I just think that it's just
going to take a while. And I also think that the
institutions coming in change the dynamic of how these bull
market bull markets operate. They're, they're, they're acting
very, very differently than to what they normally do.
And I think that's all that's something to keep in mind as we
go forward. Anyways, Opti, what's your take
on? All this, Yeah, yeah, No, I, I
think you're right though. Look at our our boy Utx over
here on Rumble. He says.
We've been essentially going sideways for the last two years.
Up 400% is basically the same as 0 it.
Looks like we're. All on the same page here and
also Nico I I, we didn't cover it as news, but there was a
rumor of China banning Bitcoin again and I think that's what
everyone was saying that dropped the Bitcoin price, though it
does look like it's losing its flavor.
It's losing it's losing its effect now, if it's true,
though, from what I saw guys, they they didn't actually usher
in a new ban. I think it was the same 1 from
2021. So I, I don't think that we can
kind of connect that to why the price dumped, but we we did see
a dump over the weekend. You know so either way, buying
opportunity for everyone here. If you like Bitcoin at 123 K you
love it at 113 K and 111 K. It seems like the dip got bought
up anyways, I did say I was going to make a bullish case
here first one is kind of me trolling.
I'm not going to lie. This first one is kind of a, but
this is my first point here and we've been saying this on the
show for a minute, but we got Jim Cramer.
He literally actually maybe he's the one to blame because he did
endorse Bitcoin last week and then the price dump.
So inverse Kramer, just completely undefeated.
Anytime he says anything favorable about anything, it's
going to dump. But we got we got a we got a
little a little saving grace here.
He tweeted over this was what Friday afternoon, Friday night,
Jim Cramer, which is what we tell you guys, remember the meme
of selling May and go away. I was joking that the summer
months are bad because all of the investment hedge fund guys,
the bankers are over in Saint Barts on their yachts chilling.
They're hanging out with their family.
Well, Jim Cramer is doubling down.
So you know what this is telling me it's going to rebound
bitcoins going to rebound strong.
And anyways, he tweets, I always despise both August and
September. Just tough months to make money.
You know what I'm hearing? I'm hearing Bitcoin is going to
RIP. So inverse Kramer in effect on
the opposite way. It's going to be a bullish
August just cause Kramer said it was going to be a bad August.
Though I am kind of trolling that.
That is kind of a troll. Anyways, what I really want to
show you guys here today is the monthly returns on Bitcoin,
historical monthly returns. Here you guys can see Bitcoin
monthly returns and there is kind of a pattern here.
Of course we've been talking about this for a few for you I
guess years now shouts out to American Hotto.
You know 3 red, 1 green Well, we are in the supposed green year
and so if you kind of look at this here we do you can kind of
see a very similar dynamic play out.
You know, we have the first green here and then three red 1
green and then we got 2 Reds with one green, 1 green, three
Reds. And of course, we're starting
off August not so well, but just imagine that this August month
is going going to end up green and we have a super bullish set
up for the end of the year. So historically, when we have a
good July, then August also pumps.
We've seen this play out multiple times.
Actually almost every time except for last year that we saw
every time we have a green July, a bullish July, we have a
bullish August and there's only one break in that pattern, which
was in 2024. This this update here.
This is on coin glass is obviously the first 3-4 days of
the month. So we don't have that to really
hang our hat on. But looking further out, if you
guys check this out, historically October, November
is the most bullish time in Bitcoin.
So it looks like we're going to be set up for a great Q4.
Maybe that's not what you want to hear here today.
You're just like I, I want this to RIP to 150.
I was promised 150K. Are we going to 200 K plus?
It looks like we might. This is this is my optimistic
take on where we are right now. It looks like we are going to be
set up for an incredible Q3 and Q4.
We'll see. We'll see if this plays out.
Maybe September will be a little correction month, but October,
November is going to be a great, great time.
So maybe we'll have one more dip in US.
Who knows how low the dip will go.
But I'm starting to look at, hey, if we get a green October,
a bullish or sorry, a bullish August, then we're going to be
set up really good for Q4 of this year.
And then really kind of going further into some of these
charts. Again, shouts out to archive
Bitcoin. Demand remains strong,
accumulation is rising. Long term holders still buying.
Here you can see the demand for accumulator addresses.
It's going parabolic right now. You have sell side liquidity
going down all exchanges, including the, you know,
grayscale Bitcoin holdings, they are being diminished right now
and then the apparent demand is on the rise right now.
So even though the price is probably you're you're probably
getting bored to death right now because of the sideways action.
As we kind of mentioned earlier, we've been going sideways for a
long time, which in our view it basically means it's zero.
It's over here, we're getting bored to death, but I think it's
going to be set up for a solid August and then a solid Q4.
So I wouldn't be selling your Bitcoin right now.
Don't sell the top right now. You're probably going to regret
that anyways, that's my kind of analysis here.
This is my chart. Boeing, join my free paid group
later. No, I don't actually have one
this. I do this free on the show for
you guys. This is my free paid group.
It's on simply Bitcoin. So this is what I'm seeing right
now, guys. I don't, I don't think it's
anything to worry about. But again, what do I know?
I don't have a crystal ball. You know, I get trolled in the
chat that if we don't get to 500 KA million this year, then we're
liars, etcetera. Look, I'm updating my models
with the information as it comes as well, man.
So this is what I'm seeing. I don't think it's time to panic
anyways, Nico, from there, take it away.
Do you think we are going to see, based on my case here, are
we going to see a bullish August and a bullish Q4?
Yeah. I mean, you know, I think this
is what everyone is kind of, you know, this is what I was
predicting, which actually worries me a little bit, but.
Dude I get bullish and he's still bearish.
This is crazy. Yeah.
So I mean, look, if the it's a big if, if Bitcoin follows
historical patterns. That's the big if.
If Bitcoin follows historical patterns, then we are very well
set up for an explosive end of Q3 and Q4, right?
And then a lot of people are also talking about an extended
bull market. A lot of people are saying that.
Someone just said that in here. Bitcoin bull market is going to
be extended. Due to 2026.
Into the, the like the the second-half of, of of 2026,
Michael Saylor is going on and basically saying, could you pull
up that meme that he posted on his account where he's like,
it's the end of winters. There is yeah, he is.
No, there is no Bitcoin Winters anymore.
I've heard that, I've heard that.
I've heard that before, right? But he is buying all the Bitcoin
so yo he's got a godfather meme too.
Legend. Yeah.
So could you share that? So I mean like my take on all
this is like look like I that dumb that happened last week was
not cool. Like I mean it, it followed
strategies essentially like they they did over they did their
their earnings call, right. They had like Lynn Alden on the
call. They had like press and pish on
the call. They absolutely crushed it in
terms of performance and then the price dumped regardless.
Historically, bitcoins price doesn't do so well during the
summer. People kind of just unplug, but
it does do a little bit better towards the end of the year.
But the reality is, is that we've been essentially
consolidating for seven months, seven months of consolidation
with volatility to the downside, not even the upside.
But again, the more we kind of chop solidate, the the better
the platform is of when we eventually go up.
So when we event, when bitcoins number eventually goes up to the
moon, there's a very strong platform of which Bitcoin could
jump off of right. And I think this is where we're
at right now. We're like in this like really
kind of unique situation where, you know, Bitcoin, it has been
going sideways essentially for, you know, what was seven months
and eventually that kind of leads up to an explosive move
upwards. And what Arthur Hayes is
basically making the case for and Larry Leopard and Lynn Alden
is that they're going to eventually start printing a
whole lot of money. And when they do that, that
tends to make the price go up, number go up, right up into the
right. So I mean, I think that's my
base case, man, but I don't know, you know, I feel a little
bit chewed up here, Opti, like we've been this is 7 months of
kind of boringness. This is paper Bitcoin summer,
right? And you know, I don't know, man.
I remember the the, the good old days, right, where like we'd
used to like 2-3 X in like a matter of two or three months.
Now it's taking a little bit longer now, to be fair, since
the bottom of Bitcoin, like the bottom of the 22, was it 22?
Yeah, it was a 22 bear market. It was at $16,000, we're up at
115,000. So I mean, from a percentage
return, that's a fantastic return, right?
And what is that like 567X? It's pretty good.
It's not bad. I don't know.
I let me, let me charge. It's not bad at all, right?
If you take a, yeah, just go from the bottom of the of the
bear. Which which bear?
Though the bear, bro, the bottom of the bear, Yeah, Yeah.
So you just take the take the rule.
Yeah, exactly. Take this off all right, guys.
I'm doing it live behind the scenes.
I I I don't need you guys trolling me about my my chart
bowling over here to today's price.
Yeah, no, no, no, no, no. But that that's 25.
That's this year I'm talking about.
Yeah, Sorry, sorry. Zoom out, press the five year
thing. So I mean like look like from
the bottom of the 2022 bull mark, bear mark, you're right
there. Look.
Oh, from the 2022, Yeah. That's, that's the cycle bear.
That's the cycle bottom to the cycle top.
We're up 641% in what, 2 years? That's an incredible, that's an
incredible return. So, but again, from a
Bitcoiner's perspective, you're like, dude, that's super boring.
Like you know what's going on here?
I think again, we're chop solidating.
The last time we did that was in March of 24 and we did that all
until October of 24. Bullish October.
And then October, we kind of pulled up again.
It definitely looks like it's on an upward trend.
We kind of had our correction into the 76 K region.
So yeah, I mean, I am bullish for the end of the year, but you
know, I kind of want to see it go up because we haven't made
all time highs in in Bitcoin terms and in Bitcoin to gold
terms, we have not made an all time high.
I don't know if anyone knows that.
Yeah, yeah. Someone in the chat saying 600%
yeah, so freaking boring hard huddle at the Bitcoin
conference, someone pointed out that Nico looks like I can't say
that. That's so funny the the chat's
popping off. Anyways, if you guys are
enjoying the show, smash that like button.
It's Bitcoin and go. Help us break 100 likes within
the 1st 30 minutes of the show. So smash that like button if you
guys are enjoying the content. Kind of breaking the 2021 high
right now. We are, yeah.
I think we just broke it. Let me see.
No right under it. Yeah, that's what I'm trying to
tell you. We haven't made all time highs
in gold since 2021, right? So I mean, like, we're going
higher, it's just taking longer, which kind of goes into the
whole power law narrative, right?
Where they're like, look, we're gonna go up in percentage terms
the same, It's just gonna take a lot longer.
I think that's where we're at right now.
But yeah, I mean, I'm telling you, like this institutional
money, once it's gotten in, it's kind of weird, man.
It's gotten weird. Like it's gotten super, super
weird. Like Bitcoin has been acting
strange since the approval of the ETF in January of 2024.
Like the price action isn't the same.
I can't pronounce that name. It says we go to a million in
boredom. Someone said this is boring for
people who got in after 60 Ki. Think that's a good point.
Someone else says the price is kicking total ass.
What's not to like? We're just bored, I think.
Yeah, maybe we're just bored. Getting bored today but what
What should be a boomer section? What's your take on what's your
take on the price action going downwards?
I think it's honestly very strong considering like what
Arthur Hayes is saying, you know, the macro tailwinds right
now or headwinds, sorry, there is a lot of economic
uncertainty. There's a lot of things going on
right now that are that are kind of shaking up the system and the
fact that we saw literally like 100 + 1000 coins hit the
exchange and we're still at 1:15.
Like the biggest signal that I saw someone tweet out reminded
me of this was right before my time.
But the bear whale that Nico was around for, you know the the
infamous bear whale story, the guy sold 30,000 Bitcoin and it
took forever to get out of the bear market.
This time we had literally 180 thousand Bitcoin transaction.
It's still above 100K, it's still around 115 K and that
wasn't even accounting for the other 20,000 plus coins right
now. So I think the market is very
strong. And again, I got to give a shout
out to Mitchell Hartle. He's been, I think he might be
right here. And Eric Balkunis kind of said
it as well, the Bloomberg ETF analyst.
It's like ever since the Bitcoin ETF, the market structure has
fundamentally changed. And I think I honestly, you
know, I don't want to say this time is different because you
guys are going to troll me, but it does feel like things have
fundamentally changed and we won't be able to really
recognize it until after the fact, you know, 2020 hindsight
and all that. So I think, I think things are
changing for better or for worst.
And I'm, I'm starting to lean into we're just going to get
bored to death to 1,000,000. So, you know, just keep
stacking. We're probably going to have to
find new topics. What's a board to death to a
million? What is that?
Literally what we're doing right now, just a little bit of pump
sideways action, slight correction, a little bit of pump
you. Think the arrows of the
parabolic move movements. Upwards are over I think.
Like on a yearly chart, it'll still look parabolic, but I
just, I don't, I'm not sure if it's still going to be, you
know, you need to be in the market for 12 days.
You know how it used to be that Bitcoin would pump after 12 days
and we do all these crazy price movements.
It might just be you pump, you know, one month you pump, then
it goes sideways and it does this stair stepping ladder and
then you go sideways for a couple of months and then it
just pumps again for another 20, thirty, 50%.
And it just kind of does this very boring.
Like, wait, I don't know, man, we're trading the S&P 500.
Mel, who is bored? Seriously, I'm, I'm totally
bored right now. Dark, dark gets it.
We're going to be bored when the price hits $1,000,000 because we
knew it was going to get there for so long.
So you know, slow climb is good though a slow climb is is
obviously healthy and I'm all for it.
But can we get 2017 vibes back? I mean, I think, I think
eventually I mean, but that's that's $1,000,000 question,
right? And I'm going to put that in the
chat. I want to I want to get your
guys's thoughts is the era of is the era of Bitcoin?
Parabolas. Yeah.
See. Everyone's bored in the chat.
Mel, what are you talking about? All right, I just wait.
Now this is a better question. I.
Just asked everyone in the chat. This is a better question.
Era of Bitcoin parabola is over. Though to add to this, would you
rather a parabolic blow off top or up slowly for the next 10
years? Blow off top dude.
I don't know. Give me that dopamine dude.
Dude, this last bear market was kind of rough being all in on
Bitcoin, I'm not going to lie. So give me that dopamine.
Bro, I want slow and up and to the right forever.
Yeah, yeah. No more bear markets, dude.
No more winters. Dude we haven't even gone up and
to the right for like like 7 months.
Bro it's literally only been up and.
To the right? No it hasn't.
Yes, it has. I don't know.
It's literally up and to the right like you're tripping.
Look at this. It's literally up into here.
Let me, let me, let me show it. Dude, we're chart boing.
We're chart boing, we're char boing.
We're we're talking about where? Where?
Look at this dude. Literally just up and to the
right dude. Like it pumps, goes sideways, it
pumps, it goes sideways, it pumps, it goes sideways.
So it pumps, it's going to go sideways.
But look compare it to. The I agree like this is this is
what I want. I want this.
I'm being selfish. I want this, you know, look,
I'll even take 2021. So the consensus, I want to take
a look at how the the chart is doing.
I mean, how? Not the chart, but I want to
take a look at how the poll is doing and seeing what everyone
thinks I said is the era of Bitcoin.
Parabola is over 60% of you guys, 60% said no.
All right, let's go. 60% said there is going to be some type
of action. I'm thinking there is going to
be some type of action. All right, you know we got to
change this segment can somehow I am the bearish 1 here and I
don't like this. My ego can't handle me being
more bearish than Nico here so. Anyways, guys, we have a loaded
show for you guys. So much to talk about.
We have Senators Cynthia Lummis going hard in the paint, you
know, really putting pressure on the Federal Reserve.
Also more action coming out of the Federal Reserve.
Fed Governor Kugler resigns, giving Trump vacancy, which is
really, really interesting. I believe at the current moment,
with this current resignation, I think it's going to be three to
three Republican Democrats. So it's gonna be like across the
board, kind of even. And then we played an ad on
Friday that you guys didn't like.
Totally naked our numbers. He was right.
Vindicated again you. Guys didn't like but essentially
it was like a musical of Coinbase like dancing and
celebrating and like in the UK and a pretty that ad got banned
in the UK. Yeah, it didn't get banned
because it was saying too much signal.
It was banned 'cause it was. Horrible.
And then we got some. We got some thoughts from Josh
Mandel and we got some. We got some interesting data
coming out of Fred Krueger, which I think is really
interesting. And then we have a thread by
Arthur Hayes. So guys, this is going to be an
incredible show. You guys are going to want to
stay tuned in. This is simply Bitcoin on August
4th, 2025. Before we start the show, I do
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All right, everybody, let's start the show.
We have tons to talk about. We will be right back in just a
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today. Alright everybody, At the time
of recording, the Bitcoin price is $115,720 Block height 908,592
sats per dollar 864 sats per dollar Market cap 2.34 trillion
Bitcoin versus gold market cap 9.67% Decline from all time high
-6%. Realize monetary inflation .84%.
In the grand scheme of things, we're just getting started.
Anyways, here is the Bitcoin senator, Senator Cynthia Lummis
on the floor of the Senate, and she's been going super hard on
the Federal Reserve for acting politically.
They and I'll, I'll just, I'll just play the clip and then opt
in and out. We'll talk about it.
I won't have any confidence in the Fed's IG and its findings
until that person has statutory independence from the Fed chair.
The Federal Reserve has grown too powerful, too insulated, too
comfortable, and they are operating in the shadows, and
this is the minimum we can do to start getting this independent
agency some scrutiny. They don't even respond to FOIA
requests. You can't get an answer.
That place is whack A mole. If you try to talk to the Fed
chair about something, they'll put it on the vice chair for
banking supervision. Who will put it on the
presidents of the Federal Reserve Banks.
Who put it back on the White House, Who put it back on bank
supervision? Who put it on the lawyer of for
bank supervision? This place is a ping pong ball
when it comes to trying to get an answer to a question.
It's become a giant black hole of, I mean, that's pretty crazy,
bro. And again, when they always talk
about Bitcoin being obscure and you don't know what's going on
with Bitcoin and it's this private money.
Like there you have Senator Lummus basically saying, hey,
this is a black hole. Like we, we don't we can't even
get answers out of them when we want answers out of them.
Like we a FOIA request, by the way, is a Freedom for
Information Act like they should be responding to that.
And they feel like they don't, they don't need to, right?
So that's pretty crazy. And you kind of just see like
the political dynamic between the Trump administration and the
Federal Reserve where Trump is basically saying, OK, you need
to lower rates. You know what's going on here
and then the Fed doesn't. And then we know that during
Operation choke .2 point O, they got their hands dirty and taking
down some of these pro Bitcoin banks and passing some of this
anti Bitcoin legislation or, or, or some of the regulatory
actions that were done by the previous administration.
This is also an institution that wants to roll out a central bank
digital currency. So someone in the chat saying
they're a private company, I mean, they sure are acting like
it. And this institution has so much
power. It has so much power, and it's
unaccountable. It's inaudible.
You don't know what's going on there.
It's a trust me, bro type of situation.
And this institution basically controls the country's money.
Like what are we doing here? What what the F is going on,
right? As bitcoiners, you can you
could, you know, buy a node and you could download a node.
You can audit the chain. You know what everyone is doing.
It's public. It's you know, it's an open
Ledger. You don't have to trust me, bro.
And this is a system that's a trust me bro system.
It's like trust me, bro. And it's not even.
And then when you ask, it's like, OK, man, but like, I'm
having a hard time trusting you. Like, could you do me a solid
and like, you know, send me some something like good.
And it just ignores you. That doesn't give a lot of
confidence in the trust me, bro, right model.
So, you know, I, I applaud Senator Lummus for highlighting
basically the hypocrisies, the inefficiencies, the obscurity
that this institution is acting with.
This again, is supposed to be an institution that is supposed to
represent the interests of the American people.
Who's it accountable to is my question.
If it's not accountable to us, who's it accountable to, right?
Who is the Federal Reserve accountable to?
Because it's not acting like it's accountable to the people,
it's acting like it's accountable to itself.
And I don't know if you guys saw that video of Trump basically
going back and forth with Powell and, and like Trump is basically
saying like you guys are spending $3.1 billion
essentially updating the building, bro.
What type of building is that? What type of building is that?
3.1 billion? What are they building in there,
dude? Like what type of renovation
cost $3.1 billion? That's that's insane.
And then people in the chatter saying it's acting like a
cartel. I mean, it sure does look like
it. It's like we don't answer to
you. We don't even respond to Freedom
of Information Act. We were hostile towards Bitcoin
with the previous administration.
We kind of want to roll out a central bank digital currency
like, so if it's not democratically accountable, if
it's acting in a in obscurity like I, I, at this point, I
don't care what they have to say about Bitcoin.
It seems like the things that they have to say that about
Bitcoin, they're guilty of themselves.
They're projecting onto US what it is they are guilty
themselves. That's my stance on the Fed bro,
because this is some crazy stuff.
Anyway, every people in the chat are all agreeing it is actually
a cartel by definition. Like, you know, like this is
this is crazy, man. This is some crazy stuff.
And I applaud the Bitcoin senator for going up there
bravely and just telling the Senate, you know, we're
basically playing a game of whack A mole, right?
And we can't find out what the F is going on.
We can't get the truth out of this institution.
So I'm really glad we have, you know, a senator that's actually
highlighting what's going on and, and she's sitting on the
and on the Banking Committee too.
So it's, it's perfect, right? So anyways, guys, I think the,
the veil is being uncovered. I think the very legitimacy of
this institution is being questioned.
The Overton window is shifting. It needs to continue to shift
and people need to wake the F up and realize that this
institution is not accountable to anyone.
And we need to wake the F up and realize that now we have a
better system, an open protocol of which we don't have to play
the trust me bro model. We can play the don't trust me
Bro verify model, which I think is a much superior model.
And someone in the chat said they already basically, I can't,
I don't know if I could say that, but they basically said
that like, look like they took over the United States in 1913.
What more do we need to build an alternative?
Like I, I completely agree. I mean, the whole history of
that institution is obscure. It's cloak and dagger.
It's not open, it's not transparent.
It's not public, right? They say, they keep saying how
Bitcoin is private money. That's a projection.
Our money is more public than
their money. If you try to make more dollars,
that's counterfeiting. Anyone can make more Bitcoin as
long as you pay for the electricity, right?
So, yeah, I mean, this is, you know, this is, this is I'm, I'm
very glad Senator Lummus is on our team.
Opti, what's your take on all this?
Bro Yeah, Well, I mean, first of all, of course I'm, I'm glad
Senator Lummus is a bitcoiner. I think she's, she's doing her
best. And I think it's, it's doing a
good job to kind of, as Nika like to say, move the Overton
window. Though I think I'm a little more
cynical in regards to the what we're seeing from the
politicians and the Fed. I, I just keep getting reminded
of Scott Besson and Jerome Powell literally have lunch
every Monday. So like they're literally in
lunch like right now. So there is no there this, you
know, independence and we need to kind of put them in check.
Like by default, it's not federal.
It has no reserves. I, I don't think it really is
independent. The, I think we did that article
the other day of like the independence is a myth.
I, I don't think they are actually acting nefarious per
SE. Like I don't, I don't think
they're doing anything that the Trump administration doesn't
want them to do. I think Scott Besson and Jerome
Powell are kind of doing a really good coordination right
now. And hey, Jerome Powell is being
the scapegoat. Like he's the bad guy right now.
Now, do I necessarily believe in the Fed?
No, you know me, I'm a bitcoiner.
I think there needs to be the separation of money and state.
I don't believe in central banks at all.
But I don't, I think this is more coordinated than then we're
led to believe. Now, does Senator Lummis, is she
in on that? It's I don't think so.
So like what she's doing, I think is really good to kind of
wake up the masses out there and kind of show everyone out there
if they're following politics that, hey, there is something
wrong with the Fed. There is, you know, as Thomas
Sowell used to say, you know, there is a cancer there, which
is the Fed. And when you remove it, you
don't put a, you know, you don't put a new tumor in.
So maybe I'm a little more cynical here.
Again, I, I do take a lot of this from what Tom Luongo has
been saying for a long time is I think there's more of a
coordinated dance being played right now by Scott Besson and
Jerome Powell together to essentially drive a lot of pain
to European markets. And I think they're doing a
great job doing that. Now.
I know Trump and Jerome Powell have been kind of publicly
beefing, but I think that this is it's reminds me of the, you
know, world, the wrestling term. It reminds me of keyfab.
Like they they are it's, it's all it's all a show right now.
That's kind of my take on all of this.
But that whole speech that Senator Lemons did was, was
great. I think she did a great job.
She thoroughly destroyed the Fed, which is what we always
talk about here. But it's very interesting that
Main Street or, you know, retail or just the average person just
really tunes it out. Like if you talk to an average
person about ending the Fed, they probably don't care at all.
They they're probably more focused on what they would say
are bigger problems right now. But from our perspective, they
are the biggest problem. They're destroying our
purchasing power and they do ACT quote UN quote independently and
they can do whatever they want and then we just have to kind of
deal with it. But I am kind of on the side
that I think Scott Besson and Jerome Jerome Power kind of
they're doing a a coordinated dance right now and I think it's
working very well. Yeah, one 100% man.
I mean, I, I, I, I don't know I I don't know Opti.
You think you think this is on purpose?
You think it's all like a you're really on the Tom Luongo Cam I.
Really am like again. Look, I'm not I I'm becoming a
more macro guy now and. Opti is the in house macro.
Dude, well, we got problems here, you know, But I'm not the
only one that's saying it. Like Tom Luongo has been saying
it for a long time. Mark Moss just recently came out
and said the same thing. He's calling it the Mar a Lago
Accords. Like, what he's seeing Scott
Besson do and Jerome Powell do currently is essentially to
bankrupt the European Union. And it's working marvelously
right now. Like a lot of this pressure,
like, I know Trump wants to lower interest rates, but the
fact that Jerome Powell has been able to maintain the interest
rates that we have right now is really, really becoming a
headache for European markets. And you can see that the EU
leaders are scrambling right now.
This is why you're seeing Christine Lagarde scramble from
our control. This is why they're going for
more CBD CS. The EU is getting cooked right
now. And like, I don't like the Fed.
I'm, I've never really been a Jerome Powell fan, but I think
he's doing a great job right now.
If if this is really about American sovereignty and Trump
is kind of maybe he's doing kind of some theatrics here.
And it's like, I don't want this to happen.
But again, we know what they want.
They want to continue to drive independence in the US dollar.
What how they can do that is they got to kill the the euro
dollar markets, which they're doing.
That's what Tom Malonga has been covering for a long time.
And they Trump really does want lowered interest rates because
he wants that money to slosh around.
And so they need the Dixie to go down.
They got to make sure that interest rates on bonds don't
spike and they got to make sure that, you know, he wants those
those rates lower. And This is why they're pushing
for stable coins. And This is why they want
Bitcoin to RIP as high as they want it to RIP.
Like it when you think of it in this context, it all just kind
of plays out like theater. And I, and I think this is kind
of the public theatrics is like make Jerome Powell the bad guy.
We all know he has publicly stated or rather been publicly
quoted as saying that he wants to stop Trump.
So I don't, I think, you know, I hate to say it, but I do think
Jerome Powell is trying to look out for the US best interest.
And I think he is kind of being made a scapegoat though in
general, by default, I'm not a fan of the Fed at all.
So, you know, I, I'm of two minds here.
And like, again, if you guys want to read more or hear more
of this, like listen to the interview that Nico did with
Mark Moss. He laid it out perfectly.
And then you can go down whatever rabbit hole you want.
But it's becoming very clear what's going on here.
And I don't think Jerome Powell was necessarily the bad guy.
He's a bad guy by default because he's a central banker,
but I don't think he's the bad guy that Trump makes him out to
be anyways. Anyways, we did get a super chat
shout out to Stussy because we are seven months into the year.
Let's get serious about year end price targets. 250K is mine all.
Right. Boom, we should do some.
Air horns for that. Bro and some stussy 50K.
Oh someone's someone's being bearish bro.
What do you mean 50K? Get out of the chat 50.
K And I'm going to end this poll.
Is the era of Bitcoin parabolas. Over 69% of you guys said no.
And I I agree. I'm part of that.
I'm part of that group of people that agree, that agrees with you
guys. I don't think the era of Bitcoin
parabolas is over. Anyways, guys, we have an
incredible show lined up for you.
We still have a ton to talk about.
We're going to hit the news segment.
We're going to be right back in just one second.
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Wait, Nico, Nico, before you go. Oh, what happened?
Did our camera die? No.
Did it? Yeah, I think it's.
I think it's. Oh, it's not plugged in.
OK, all right, well, while while we're doing that, we're fixing
the camera. Shout out to Ron P $10.00 for
the Opti Mayo and Coffee fund. Yes, Chipotle Mayo from Porsche
is delicious and coffee is the GOAT.
Sorry guys, we're fixing the camera right now.
It wait a second. Maybe it's not plugged in.
It's not plugged in. All right, guys, rookie move.
Rookie move. We're coming back.
We're coming back, dude, it's a Monday.
It's feeling like a Monday. All right, you're gonna have to
give it a minute. Let's we could just switch to
our computer for a second. I mean, it's just gonna take a
minute before it charges or just pull something up.
Pull this up all right, just full screen it.
Just full screen it and then I'll get the camera going.
Full screen your source full screen your source.
This guy what a rookie. There he is.
All right here I'll deal with the camera all.
Right, we are back. What happened?
That's so weird. It's a Monday, bro.
It's it's a Monday. Anyways, guys, let's jump
straight into the news while Opti tries to figure this out
and we roll with the punches. We're good.
All right, we're going to switch back to the original camera
anyways, we had this tweet or this post by Josh Mandel.
Oh, man, is it plugged in? It plugged in.
Here, hold on, it's not working well, it's not working on our
side. All right, let's jump into the
news all right, so this is kind of covering the recent price
action. The markets heat and then they
cool of this, you know for sure and when the temp drops too too
damn much the printer it goes Burr.
As for the coin, do not fear. I know how this will end. the
Fed shall seek they shall find the data on which they depend
and worse to realize they're now behind.
Here's a little hint. We'll find a way out of this
bind. Just wait for the big print.
Very very nice. Also, I thought this data point
was quite interesting. We're back to OG status.
I like this next to each other. So Fred Krueger says who owns
Bitcoin? Bitcoin is mainly AUS thing,
which I find really, really interesting, right?
Europe is really not involved. So if you take a look at the
total supply, most of Bitcoin is held by the United States.
I mean, for better or for worse. I mean, I I don't know how you
feel about that Opti, because I think it's definitely really bad
from a decentralization standpoint.
Yeah, yeah. Let me let me look at this real
quick. That does.
The biggest kind of participants in this market, whether that's
by company ETFs, the US is holding self custody by
individuals and you could say that that's probably because we
are the richest nation and we have the money printed to back
us. You know I'm I'm I'm not going
to not say that but let me let's see the global.
I think this is right. I think this is totally right.
Most of the Bitcoin is being held in custody by.
Individuals, yeah, but I mean dude like percentage of total
Bitcoin, 7.8 million retail ETFs, institutions, custody
India holds 1% or 5% what, 1,000,000?
What do you want the opposite to do?
I mean, I would rather it be a little bit decentralized.
Dude, everyone's just being late.
They're just late adopters. I would rather it be
decentralized. I I don't it's totally
decentralized. I don't want it to just be in
one like 1 country. Dude, we're just the Bitcoin
superpower of the world. And you call me the maggotard
bro? Hey dude, I'll steal his memes
any day. So anyhow, OK, so I thought you
guys would find that interesting.
Now let's jump into the big news for today.
Fed Governor Krugler resigns, giving Trump vacancy Federal
Reserve Governor Adriana Kugler will resign her job next week,
the Fed said in an announcement, giving President Trump an early
opportunity to appoint a favored candidate for potential
leadership of the central bank. Here's Caitlin Long responding
to it, says the question is again whether Trump will
actually fire Powell. The Board of Governors is 4 to 3
Dems, Repubs. So firing Powell wouldn't have
given Trump a GOP majority. But now that Coogler is
voluntarily stepping down the calculus, that calculus just
changed. So it's quite interesting.
And then OPDI, I want to get your thoughts on that before I
move on to the next. Bit yeah, well, I think the big
take away from this is, well, really the most interesting part
about this is kind of speculating on why she resigned
when she did, especially when there's been a lot of
conversations about Jerome Powell resigning.
That's been like the rumor for the last couple of weeks, and
she kind of stepped down now. I think the implications of this
playing out now are very interesting.
So so, you know, Trump's going to obviously put someone in
there that they have to vote on, but he's that's going to be
favorable to Trump. And if this is the case, you
know what it's going to be 3 three for three, right?
It's going to be completely tied now with the new person coming
in. And from my perspective, what
that means is lowered interest rates and money printed is going
to go Burr. So like I, you know, whether
this is a good thing for everyone is up for debate.
It's really probably not going to be a good thing for everyone.
Of course, the more money they print, the, the more your
purchasing power gets destroyed. But on the flip side, if you are
holding assets, if you're holding Bitcoin, the more money
they print, the more Bitcoin number go up.
So I think now it's going to be very interesting considering
it's going to be tied. And then what is going to happen
with Jerome Powell? Is he going to step down?
Is he going to resign? Are the Trump administration
going to be able to basically fire him?
Now? It starts to get really
interesting because if Jerome Powell leaves as well, then I'm
guessing it's going to be heavily favored in Trump's
direction. And we'll see if there really is
some independence there. I know Besson's been talking
about basically corralling the Fed for a while now.
And if they are more, you know, symbiotic here, then they're
going to do whatever Trump wants.
Lowered interest rates turn on the money printer, inflate their
way out of the out of this debt problem.
If you're not holding Bitcoin right now, you probably should
be. It seems like everything is
going in their direction and they're about to do the hugest,
most massive big print possible. So, you know, on the one hand, I
don't want to see everyone get destitute and poor out there
because they're going to get their purchasing power
destroyed. On the other hand, it's going to
pump assets up, bro. And we got the fastest race in
the horse. So, you know, it's not
necessarily a good thing, but it's going to pump.
It's going to pump Bitcoin. So on that front, hey, I don't
know, man. Hands up, wash my hands like you
know, upon his pilot here. Whoa whoa, biblical references
here we're going biblical. All right, guys, if you guys are
enjoying the show so far, it is a Monday smash that like button
485 live viewers on YouTube, 1500 on X and about 100 or so
watching live on rumble. If you guys are enjoying today's
simply Bitcoin live smash that like button really, really helps
with the algos to push our message forward.
Moving on to the next piece of news.
So Opti and I actually played this video for you guys on
Friday and. They naked our show, just naked.
The show completely It was 100 what?
Go, go, go and. Then it was 100 I.
Got some? Speculation 100 Live viewers
just dropped off the face of the radar.
And that usually never happens to us, so we were kind of making
jokes about it. Listen, you guys don't like
musicals. I appreciate the amount of
coordination and art that goes into musicals and I and I could
appreciate the art form. It's just not something that I
would I I personally resonate with.
I've been to musicals. I like them.
I like, again, it takes a lot of art, man.
It takes a lot of talent to practice to get really good at
them. So I understand that right.
But at the same time, you know, I just I, I, I just I me and
Opti were just it wasn't our cup of tea.
In turn, I didn't mean to make that joke, but it wasn't our
cup. It wasn't our cup of tea in
terms of the types of ads that we like to that we like to
consume Like we, we like, we, I loved the Federal Reserve ads.
Like this is how much dollars they've printed in a year.
And it's like, you can't, you can't afford a house.
Like, you know, like it was all these things and I was selling
off the like, I really like those ads.
Those ads punched really hard. Like they were really good.
But for some reason this Coinbase one didn't really
resonate with me. Now here's Brian Armstrong, the
CEO of Coinbase, and he says our ad, which got banned in the UK
by the TV networks has sparked a quite a reaction.
If you can't say it, then there must be a kernel of truth in it.
Needing to update the system and improve society is not a
political statement on either party in the UK.
Some have tried to turn it, turn it into this, and it's not
specific to the UK. We ran ads with similar themes
in the US. It's a statement about how the
traditional financial system is not working for many people and
how crypto represents a way to improve that.
There are people in the UK who still think of crypto as some
kind of gambling product, a very outdated view, and have
completely missed the potential of crypto, which is to update
and improve the financial system for the benefit of everyone.
We will welcome the attacks and any other attempts to censor
this message as it just helps it spread now.
OK, two things can be true at the same time.
As Bitcoiners, we do believe that crypto is very speculative.
We do believe that everything loses value as it compares to
Bitcoin. I think cryptos are oscillators
at best, right? But they all tend to lose value
as it compares to Bitcoin. So does that mean that you can't
gamble on one and win some money?
Of course you can. Many people have, we don't
recommend it. We take, we take the low time
preference type of approach. But again, it's your money.
You could do whatever you want with it.
So I think Brian Armstrong's framing of like crypto is going
to fix the financial system. I think that's wrong.
I think Bitcoin is going to fix the financial system.
I think Bitcoin is already an alternative financial system
that doesn't even need to be fixing.
You could just opt out into Bitcoin and you could start
living your life and all of a sudden you're going to be start
living on a deflationary currency and savings and all of
a sudden everything around you is going to get cheaper to the
end of time. You could start doing that now.
So I do admire and I do appreciate the Coinbase ads
because they're extremely effective in terms of production
value and in terms of pointing out that the fact that the
system is broken, right? Because I think everyone agrees
on that. I think like the, the general
consensus is everyone feels like something is wrong.
Like that's a general consensus. And I agree.
And I think the Coinbase ads are fantastic because they highlight
that everyone believes something is wrong.
Where I think Brian gets it wrong is that he's like, crypto
is going to fix this. It's like dude, buying Pepe coin
that's down 80% isn't going to fix anything.
It's if anything, it is going to wreck you 100 times more.
And what is that? But not gambling, right?
Like Bitcoin is going to fix this.
So in a way, in a way he's true like crypto.
But if you put Bitcoin into the crypto category, but I wouldn't
say I would say Bitcoin is a crypto.
But Bitcoin and crypto are not the same.
Bitcoin and all coins are not the same.
I think Bitcoin can solve the issues, but only Bitcoin.
And that's because it's absolute scarcity, that's because it's
not controlled by anyone. That's because of its
immutability, that's because of its censorship resistance,
that's because of its decentralization.
So I mean, like simultaneously, I think the ad was over the
target. I think that if you can't talk
about something, you know, there's a problem.
I think how governments are acting are it, it's been quite
interesting, man. Like, you know, I think it's,
it's, it's really taken off the veil.
I think that's what Bitcoin has done.
It's really taken off the veil to what is happening in society.
And that to me is, you know, is, is interesting because the whole
point of a government is for it to represent the needs of the
people, for it to protect private property and for it to
act in your best interests. Like we don't live in a
dictatorship. We live in a government of which
we are supposed to elect and empower in order to represent
our needs. It's been Frankensteined 100%
into something that it's that governments don't act like that
anymore. The way that I see government
acting now specifically sort of here in the US, but not so much,
but specifically in Europe, is that they're just kind of like
go along with it. If you post something on social
media, you're going to jail. If you do something like, you
know, again, let's implement these, you know, these, these
specific cities that you, that you want to live in, you know,
you can't drive certain cars. Like, look, I think the question
that Bitcoin is going to reveal is not what is money?
I think that question, it's getting answered at the moment.
But I think the real, the really big question is what is
government and why am I saying this?
Because we didn't have a better alternative for money before
Bitcoin. Like you couldn't have a private
money or you could have, but let's say that it didn't really
solve things. So people gave that
responsibility to the state, right?
The so the state is the one who's responsible for the money
because the state is supposed to represent the general
population. So you're like, OK, the the
government controls the money. The last 100 years has shown how
many times they've abused that privilege, that power.
Right now we have a money that is stateless and it doesn't
require the government in order to function.
And because of that, it's essentially improved money.
Now where the clash is going to happen, a prediction.
And again, it it, it, it reveals, it takes away the veil,
right? It takes away the veil of
legitimacy because the whole point of which the government
has this power of having money and controlling money, it's
supposed to be for our best interest.
It's supposed to be for the best interest of the people.
But you have Senator Lum is basically saying, listen, I
can't even audit you guys. You guys aren't telling me the
truth. I it's a black hole.
I can't get the truth out of you guys.
What the F is going on the whole legitimacy behind the the
government or the state or the central bank controlling money
is for you guys. It's it's for the betterment of
society, it's for the betterment of the greater good, so to
speak. But if the money comes in, which
is Bitcoin, that is better money for everyone and it's
inconvenient for the state that has been benefiting from abusing
the trust and the power we bestowed to them by being the
caretakers of money. It kind of reveal it.
It moves away the veil because it exposes that they weren't
really interesting and doing a good job.
They weren't really interesting that they weren't really
interested in, you know, being the caretakers of this enormous
responsibility. What they were really interested
in is power and control. And that's the veil that's being
exposed. Like that's, you know, that's
the, the curtain that is being moved.
And I always say this, Bitcoin exposes incentives.
It exposes incentives really, really hard.
So if again, once you're using a Bitcoin standard, everything
around you, how people react to you, how the state reacts to
you, what, what they're really doing is they're, they're,
they're, they're exposing what they really want themselves.
So when you see the European Central Bank saying, hey, it, we
won't be able to continue unless we have a central bank digital
currency, they're telling you the truth.
The part that they leave out conveniently is the fact that
Bitcoin is an improvement to the current system, and it's an
improvement for everybody. So everybody's lives get better
on a Bitcoin standard, not just a bureaucratic and political
elite. Now, what they're trying to do
with their messaging is, is if we lose control of the money,
the world is going to spontaneously combust and the
society's going to fail and you know, it's going to be terrible.
But we've seen that propaganda against El Salvador.
We've seen it before. They said if El Salvador made
Bitcoin legal tender, the economy was going to be
unstable. It was going to be a disaster.
And then again, coincidentally, El Salvador has the most popular
president in the Americas and their economy is booming.
And they basically made Bitcoin legal tender.
They had to walk it back a little bit because of the IMF,
but they had Bitcoin as legal tender.
So none of their predictions came true.
So again, this isn't about, this isn't about and, and please,
like, remember this guys, embrace this, internalize this
because when they start attacking this, just remember
they're going to come at it from this is for your own good.
But what you have to understand is it's it's not for my own
good. It is for your good.
Because if you are a Gen. ZR, if you are a millennial, you
are poorer than your parents, full stop.
People my age cannot afford to buy a home and start a family,
full stop. And the only thing that is 100%
responsible for that, it's not capitalism.
It's not because you didn't vote in the red party or the blue
party. It is literally caused by the
wealth inequality that happens when the central bank prints
money and debases the currency. If you are in the lower middle
classes, you are saving and earning in Fiat.
When they debase the currency, your earnings and your savings
lose purchasing power. If you are very wealthy and you
have the privilege and you have the means to save in assets,
when they print money, the asset values go up.
That's where the wealth inequality is coming from.
So their system, the Fiat system, is the cause of a lot of
the suffering that people are going through these days.
And what they're arguing for is basically, let's keep it going.
Let's keep that system going because it's for your own good.
Don't worry, you're going to own nothing and be happy.
Everything is going to be fantastic and fabulous and
incredible. I'm sorry, I don't believe you
anymore. I've been living on a Bitcoin
standard. It's been fantastic.
Opti could say the same thing. If you switch over to a Bitcoin
standard, you'll be like, wow, things don't need to get more
expensive. Things actually get cheaper.
As Jeff Booth says, the natural state of the free market is
deflationary. Things should get cheaper as
time progresses, but things have been getting more expensive.
Why is that? Because the government's
manipulation and control over the money.
That is the single 'cause it isn't politics, it isn't the
person in power, it isn't anything else.
It isn't the economic model, is it?
It isn't any of that. It is literally because we are
live in a society with broken money.
And Bitcoin fixes this. I'm done, I'm done.
It's over. I'm done.
Opti, what's your take? You know I was just letting you
cook bro. The chat's loving it.
This is why they come to the show is when Nico goes bug eyed
and goes full of Nico Jones on it.
Great ran. Great ran.
Love it. I do want to kind of bring up my
conspiracy theory here on what happened on Friday, bro.
So look, we're going to take Brian Armstrong's word as true
that he got banned in the UK. And why?
Would Why would he lie about that?
I mean, I don't know. I'm just saying I'm, I'm taking
that as the given here. OK, this is this is the given
here. And so on Friday when we played
the ad, I saw it live while we were doing the show and we just
had like a huge drop off on viewers.
And usually that never happened. Like we've never, I don't think
we've ever lost 100 plus viewers in well, actually only during
the meme review for everyone on Rumble, only during.
The Meme Review. Do we lose 100 plus viewers at a
time but mid show? I don't think we've ever really
had 100 people drop off during the show and over the weekend,
you know, we were watching the numbers on, on all of our stuff
and we, we had a great run. We had like a month of just
killing it on a show. And this is the worst performing
show we've had in a long time. And I was just kind of talking
to Nico and we were just chatting about what actually
happened. I'm like, I think, I think it
was just like, people don't like musicals, dude.
Like, I, I just don't think people really connected with
that ad because we had such a hard time kind of getting people
back into the show and maintaining our our kind of
usual viewership on the show. And I was like, OK, like that,
that ad just kind of naked us. Now with this updated
information, I am going to kind of speculate and go, you know,
put my 10 foil hat on here. But maybe just maybe the algos
picked up that ad. And considering that the UK is
kind of stopping a lot of free speech and if they did ban that
ad, of course, you know, over the target, maybe that's one of
the reasons why the show didn't do as well as we thought it was
going to do. Like it was it's a solid show.
But that ad just for various reasons now apparently just
killed on Friday's show. And so one again, just kind of
the Occam's razor here was just people didn't like the ad and
our numbers didn't do that good by the end of the show.
But a secondary reason could be just, you know, maybe they maybe
that ad kind of got flagged here and This is why the show didn't
get pushed as hard as it should have on Friday.
So just some interesting speculations here on the show in
high insight of what actually happened.
And if again, you know, Brian Armstrong, I don't think has a
reason to lie that it was banned in the UK, which is absolutely
insane. Also like that it was very very
vanilla AD like there wasn't even a call of action at the end
of. It it was literally a musical.
It was a musical, but of course we we all know.
Again, I've been saying it for a minute, The E is cooked.
Yeah, like, what more evidence do you need?
But yeah, no, that's crazy. I think that.
I think that explains. Can't even release a musical,
bro. Dude, you can't even talk.
Can't you can't even release. Well, to be fair, they shouldn't
be releasing musicals at all anyways, but you know.
Hey bro. I'm trolling.
Some people totally like them.
I'm totally trolling, guys. I'm trolling.
I'm but anyways, guys, it's going to be a great show we.
Tommy. We have tons.
The wall we have, we have tons to talk about.
We're going to be right back in just a second.
Let's check out the culture. Opti's got something to talk
about. I want to give a shout out to
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OK, guys, we're here for the culture and this is totally
about the culture. So here's the headline and I'm
just going to start here because you guys can kind of see the
statue. So if you guys didn't hear over
the weekend, if you weren't online over the weekend, the
Satoshi statue in Lugano was vandalized and it, you know, it,
it literally disappeared for a while.
Here's Yahoo Finance, they're kind of covering it.
And I, I really brought this up so you guys can kind of get a
refresher of what it looked like.
And then here's what happened. So someone was over there and
this was Saturday, I believe. And it goes, hey, Plan B network
where the F has a Satoshi Nakamoto statue gone And it just
completely disappeared. It just was gone for a while.
No one knows what happened to it later.
They did find it. It was missing.
It was recovered from I believe, the lake here.
And you can see here the video of them kind of pulling it back
together, getting it back on, you know, getting out of the
lake here. Actually, let me zoom in a
little bit and you can see they did recover the statue and I'm
not sure if they're going to put it back up yet, but we did.
They got to fix it. Yeah, they got to fix it.
But, you know, again, the statue disappeared.
They did a you know, million 10 million sets of Bitcoin for its
return. It turns out it was in the lake
and we no one knows really who did it what happened, but I do
like this symbolism here from grubbles.
He goes there is some symbolism to the Satoshi statue being
destroyed by some vandal. You literally can't even have a
symbolic representation of bitcoins creator because it will
be targeted and destroyed. The only way is disappearing
completely past present and future and then he trolls with
bits instead of sad. So, you know, Grubbles very,
very, very loyal to the SAT's verse bits debate here.
But let me here, I'll just go back to this picture while we
kind of chat about it. So this is what it currently
looks like. You know, when I first saw this,
I don't, I, I, I really like what Grubble said, you know,
makes you kind of think deeper. I don't necessarily think that
that's the case per SE. It could just be some young kids
that really just are vandalizing stuff and don't really know the
significance of it, which is, I think could be one of the
things. Though, if you do take kind of
the more nefarious act here of someone purposefully destroying
the Satoshi statue, it really does kind of sum up where we are
in the story right now, where even though I think a lot of
people hear or have heard about Bitcoin, very few people still
take what we're doing seriously. They kind of laugh about this
whole thing. They still think it's Internet
nerd money. It's, you know, an Internet
token. No one really takes what we're
doing that seriously here. That's kind of the more cynical,
more pessimistic take of this. And of course, you could, you
could put your tinfoil hat on as much as you want and, and talk
about who these potential people could be that are destroying the
statue. Is this some kind of organized
attack on on the statue itself? And, and I'll go back here.
You know, you can see it with got found in the lake, etcetera.
But this was kind of like the big story going around in the
culture right now. And it really makes you wonder
about the cultural zeitgeist around Bitcoin right now.
Of course, this was kind of like an awesome thing.
A lot of Bitcoiners really like the statue and they're like,
man, this is so cool. You know, Satoshi should have
the Nobel Peace Prize and we got a statue of them.
We don't really know who it is. It was pretty, you know,
cyberpunk, etcetera. And like the way you look at it,
you can't really see it's a whole statue.
But it is interesting to see it get vandalized and really kind
of pinpoint what the intentions were behind vandalizing it.
Was it? I mean, it doesn't look like it
was an easy vandalize, you know, mission here.
It looks like it took a lot of effort to break this thing down.
So it makes you wonder who did it?
Was it some young kids that were just messing around?
I know when I was younger, I probably did some dumb stuff.
That could be one of the reasons.
The other reason is, you know, I guess maybe they just don't like
Bitcoin here. But it was me.
Where was he? Where were you last week?
No, it wasn't me, bro. I I'm I'm Satoshi did it.
That's good. That is good.
Yeah. I don't know, man, but that that
happened over the weekend. So someone attacked the Satoshi
statue. This is what it looked like
originally. And then this is where it popped
up on That's crazy on the timeline, that's crazy.
So who knows what really happened.
But yes, that's what. Happened.
This is, you know, I'm pretty sure I know what.
Happened. I'm going on.
I know what. Happened.
All right. So Chrissy Lagarde had a night,
you know, she had a night on the top, Did a good time.
Yeah, we did Lugano. And she went out, you know, and
she was walking, you know, the the beautiful park that they
have by the lake. And she saw the Satoshi statue
and she got very upset. You know that's what happened.
Yeah. You know, she just, she was
like. Yeah, this is a good point.
They need a crane to lift it. I don't think it was one guy.
I don't think this was kids. There's I don't.
Think Christine Lagarde could do this herself?
It's like a heavy metal statue. Do you think this was
coordinated? I think this was that's.
That's kind of that's, that's kind of what I'm insinuating.
But to destroy the symbolism, dude, I mean, that's hardcore
bro. That's not this isn't child's
play dude. Like this is real, you know?
Anyways, all right guys, if you guys enjoyed the show, you know
what to do. It's August 4th, 2025.
I'm your host Nicos, my legend, your Co host Optimus Fields.
If you guys enjoyed it, smash the like button.
Consider subscribing if you feel like we provided you value.
We'll be back tomorrow for a brand new episode of Simply
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