1 00:00:00,520 --> 00:00:04,600 Wait. Wait, hold on, hold on. 2 00:00:04,960 --> 00:00:07,960 We're live, are we? Totally live all right guys. 3 00:00:08,320 --> 00:00:11,840 Bitcoin dumped more than 9% over the weekend from its all time 4 00:00:11,840 --> 00:00:15,240 high. We went to this guy. 5 00:00:15,240 --> 00:00:17,280 All right, all right, all right here, we'll do it again. 6 00:00:17,280 --> 00:00:19,000 What? All right, we're nuke today. 7 00:00:19,000 --> 00:00:22,000 All right, Bitcoin dumped more than 9% over the weekend from 8 00:00:22,000 --> 00:00:26,200 its all time high and most of us, including us here, well 9 00:00:26,200 --> 00:00:30,320 maybe not all of us here thought it was ready to RIP to 150K. 10 00:00:30,600 --> 00:00:33,600 But the crazy thing is at the same time, MicroStrategy and 11 00:00:33,600 --> 00:00:39,120 it's copycats just bought $2.5 billion of Bitcoin last week, 12 00:00:39,320 --> 00:00:42,680 which is leading everyone to wonder why is the price not 13 00:00:42,680 --> 00:00:46,600 mooning? Is the bull run over or this is 14 00:00:46,600 --> 00:00:48,200 going to be the bullish take of this guys? 15 00:00:48,200 --> 00:00:51,800 Or is Bitcoin gearing up for the most bullish quarters in its 16 00:00:51,800 --> 00:00:54,520 history? When we dive into the history of 17 00:00:54,520 --> 00:00:56,960 Bitcoin, you might just be surprised. 18 00:00:57,240 --> 00:01:00,160 Again, I've been saying it for a couple of months here on the 19 00:01:00,160 --> 00:01:03,000 show. Did they say we crash? 20 00:01:03,000 --> 00:01:06,720 Are we still alive? Yeah, it looks like we're still 21 00:01:06,720 --> 00:01:08,080 here. It looks like we're still here. 22 00:01:09,280 --> 00:01:11,880 Guys, let me let us know in the chat. 23 00:01:11,880 --> 00:01:13,080 Are we still? Yeah, OK. 24 00:01:13,080 --> 00:01:14,760 They're laughing at us. We're totally alive. 25 00:01:14,800 --> 00:01:17,280 Nico. Nico freaking got me all all off 26 00:01:17,280 --> 00:01:19,560 cater today. It was Restream. 27 00:01:19,560 --> 00:01:20,120 That's right. All right. 28 00:01:20,120 --> 00:01:21,800 Anyways, anyways, let's get into it, guys. 29 00:01:21,920 --> 00:01:25,640 I've been saying for a minute, I think the end of this year is 30 00:01:25,640 --> 00:01:29,040 going to set up super bullish. But before I get into that, of 31 00:01:29,040 --> 00:01:33,440 course I'm sure you guys saw over the weekend Friday, Bitcoin 32 00:01:33,440 --> 00:01:37,680 dumped, we got to a low of about 111 K. 33 00:01:38,000 --> 00:01:41,720 It really kind of rebounded around 1:12 and then today we 34 00:01:41,720 --> 00:01:44,840 kick back up to around 115 K roughly. 35 00:01:44,840 --> 00:01:46,680 Right now. I think I'd last, last I saw 36 00:01:46,680 --> 00:01:49,960 before I went live was like 114.7. 37 00:01:50,280 --> 00:01:52,600 So it seems to be rebounding strong. 38 00:01:52,600 --> 00:01:57,800 But of course, as as is always, as is usual here, when Bitcoin 39 00:01:57,800 --> 00:02:00,360 dumps, you start to get, you know, the sky is falling, it's 40 00:02:00,360 --> 00:02:02,520 over. I think we still all have PTSD 41 00:02:02,520 --> 00:02:06,720 considering the 2021 bull market got cut short. 42 00:02:06,720 --> 00:02:09,639 The double top meme is still alive and here's some headlines 43 00:02:09,639 --> 00:02:12,560 from over the weekend. Bitcoin holders bleed as Binance 44 00:02:12,560 --> 00:02:16,440 daily inflows near 7000 Bitcoin Just going to read the kind of 45 00:02:16,440 --> 00:02:20,440 key points Bitcoin speculators. I guess that's us joins Wales in 46 00:02:20,440 --> 00:02:24,680 sending Bitcoin to exchanges and the price then dipped below 112 47 00:02:24,680 --> 00:02:28,320 again. I think I saw 111.4 as the 48 00:02:28,320 --> 00:02:32,400 lowest it got. An analyst wants warns that 49 00:02:32,400 --> 00:02:35,280 continued whale selling could spark a deeper, longer Bitcoin 50 00:02:35,280 --> 00:02:38,000 price correction. Exchange order book activity 51 00:02:38,000 --> 00:02:40,480 shows large scale market exiting, but Bitcoin is 52 00:02:40,480 --> 00:02:43,720 attempting to reclaim 114. This was a couple days ago. 53 00:02:43,720 --> 00:02:46,440 It did reclaim it. And of course, as we had 54 00:02:46,440 --> 00:02:50,480 probably one of the most bearish weeks in terms of Bitcoin being 55 00:02:50,480 --> 00:02:53,360 sold on the exchanges again, hundreds of thousands of coins 56 00:02:53,360 --> 00:02:55,040 were hitting the exchanges last week. 57 00:02:55,440 --> 00:02:59,200 The Bitcoin price coming back to around 115K, I think it's 58 00:02:59,240 --> 00:03:02,760 really, really strong signal that this, this run isn't over. 59 00:03:02,760 --> 00:03:05,760 I, I would argue that this run hasn't even started and I'll 60 00:03:05,760 --> 00:03:07,480 make my case for that in a minute. 61 00:03:07,480 --> 00:03:10,680 But before we go on to that, we even got Arthur Hayes, who has 62 00:03:10,680 --> 00:03:14,360 been historically bullish the last couple of months, starting 63 00:03:14,360 --> 00:03:16,840 to get bearish. So I, I think him and Nico have 64 00:03:16,840 --> 00:03:18,880 been communicating lately because, you know, Nico is the 65 00:03:18,880 --> 00:03:22,160 perma bear here, but bearish. Arthur Hayes says Bitcoin could 66 00:03:22,160 --> 00:03:25,080 retrace to 100K on macro headwinds. 67 00:03:26,080 --> 00:03:29,560 Let's kind of just read over what these macro headwinds are. 68 00:03:29,800 --> 00:03:32,680 Hayes linked the recent crypto pull back to renewed tariff 69 00:03:32,680 --> 00:03:35,200 fears sparked by the disappointing non farm payrolls 70 00:03:35,200 --> 00:03:39,880 report, which showed just 73,000 new jobs added in the US in 71 00:03:39,880 --> 00:03:42,560 July, a sign of economic fragility. 72 00:03:42,920 --> 00:03:45,640 And then of course, Hayes also pointed to sluggish credit 73 00:03:45,640 --> 00:03:48,880 growth in major economy, stunting nominal gross domestic 74 00:03:48,880 --> 00:03:54,280 product growth in warning that Bitcoin could fall towards 100K 75 00:03:54,560 --> 00:03:56,680 again. It kind of held up pretty good 76 00:03:56,680 --> 00:04:00,320 and and you know, the consideration of everything it 77 00:04:00,320 --> 00:04:02,400 it kind of held up good considering there was hundreds 78 00:04:02,400 --> 00:04:04,400 of thousands of coins hitting the exchange last week. 79 00:04:04,400 --> 00:04:08,240 We saw a lot of old dormant wallet start to open up and 80 00:04:08,240 --> 00:04:12,280 move, which really kind of got the rumor mills going of the 81 00:04:12,280 --> 00:04:15,480 consideration of how many quote bit loss Bitcoin are there 82 00:04:15,480 --> 00:04:18,200 really? I know the old debates of, hey, 83 00:04:18,200 --> 00:04:21,640 we should we should, you know, change the code so that we can 84 00:04:21,839 --> 00:04:25,600 scoop up all this old bitcoins because, you know, no one's 85 00:04:25,600 --> 00:04:27,960 using all that lost Bitcoin needs to get recirculated. 86 00:04:28,200 --> 00:04:31,720 I think now that meme has kind of full thoroughly been 87 00:04:31,720 --> 00:04:34,480 destroyed and and we can just say there's some there's some OG 88 00:04:34,480 --> 00:04:36,840 holders out there that been holding this stuff for a long 89 00:04:36,840 --> 00:04:38,920 time. Those coins are probably not 90 00:04:38,920 --> 00:04:41,640 lost, which is going to be very interesting moving forward 91 00:04:42,360 --> 00:04:44,680 considering whether there's actually, you know, the, the 92 00:04:44,680 --> 00:04:47,680 common kind of ideas, there's like 4 or 5 million Bitcoin that 93 00:04:47,680 --> 00:04:50,200 are lost now. I, I don't think we can even say 94 00:04:50,200 --> 00:04:52,080 that anymore. It's, it's starting to look like 95 00:04:52,080 --> 00:04:53,760 people have just been holding it for that long. 96 00:04:54,000 --> 00:04:57,520 There's obviously a lot of lost coin, but maybe all of our 97 00:04:57,520 --> 00:05:01,240 estimates of how much coin is lost is really overshooting it 98 00:05:01,880 --> 00:05:04,160 anyways. At the same time, this is where 99 00:05:04,160 --> 00:05:07,640 it starts to get really crazy. I know everyone was watching 100 00:05:07,640 --> 00:05:09,920 over the weekend. We got a bullish report coming 101 00:05:09,920 --> 00:05:12,840 out of the White House. We're we're getting all kinds of 102 00:05:12,840 --> 00:05:15,800 turnarounds coming out of the SEC and we are start, we're 103 00:05:15,800 --> 00:05:19,440 seeing literally unprecedented buys coming from these corporate 104 00:05:19,440 --> 00:05:23,280 treasury companies, not just MicroStrategy or Metaplanet. 105 00:05:23,280 --> 00:05:27,040 There's actually been a huge. So Metaplanet buys $54 million 106 00:05:27,040 --> 00:05:29,800 worth of Bitcoin, maintaining their 7th place globally with 107 00:05:29,800 --> 00:05:34,440 17,595 Bitcoin. And then of course, Sailor just 108 00:05:34,440 --> 00:05:37,720 bought up more Bitcoin. He announced a $2.4 billion buy, 109 00:05:37,720 --> 00:05:39,800 I believe it was like Tuesday or Wednesday. 110 00:05:40,000 --> 00:05:43,800 And then by Thursday, Thursday night, he announced another 4 111 00:05:43,800 --> 00:05:45,680 point something billion dollar buy. 112 00:05:45,680 --> 00:05:49,440 So he is scooping up coins. Of course, all that capital 113 00:05:49,440 --> 00:05:51,120 hasn't really fully hit the market. 114 00:05:51,320 --> 00:05:53,960 But looking over at Bitcoin treasuries, of course strategy 115 00:05:53,960 --> 00:05:58,720 now holds 628,791 coins. And there was actually a good 116 00:05:58,720 --> 00:05:59,840 clip. I don't know if we want to play 117 00:05:59,840 --> 00:06:03,520 it or have enough time to play it, but he was asked on, I 118 00:06:03,520 --> 00:06:07,360 believe his squawk box, but are you trying to own all of the 119 00:06:07,360 --> 00:06:09,640 Bitcoin? And he finally came around to 120 00:06:09,640 --> 00:06:12,720 saying like, no, there's no value in one entity owning all 121 00:06:12,720 --> 00:06:15,560 the Bitcoin, which is something all of us, excuse me, Bitcoiners 122 00:06:15,560 --> 00:06:17,280 have been saying for a long time. 123 00:06:17,560 --> 00:06:19,440 As you can see, Metaplanet still buying. 124 00:06:19,440 --> 00:06:22,440 They're currently in 7th place. And you know, Coinbase is 125 00:06:22,440 --> 00:06:26,800 finally, finally coming to the game and starting their own or 126 00:06:26,800 --> 00:06:29,120 continuing their Bitcoin treasury strategy. 127 00:06:29,120 --> 00:06:31,280 They they bought a couple, I think it was a couple thousand 128 00:06:31,280 --> 00:06:33,320 over the weekend. So you can see, you know, the 129 00:06:33,320 --> 00:06:36,360 games, the game's getting crazy and Jack Mall is 21 capital. 130 00:06:36,640 --> 00:06:39,800 They're coming in strong jump to the third place with 43,000. 131 00:06:40,000 --> 00:06:42,920 ANYWAYS, that's that's you know, we we've been watching the 132 00:06:42,920 --> 00:06:44,880 Bitcoin treasury strategies play out. 133 00:06:45,120 --> 00:06:48,600 They're seemingly supposedly scooping up a lot of Bitcoin. 134 00:06:48,840 --> 00:06:51,640 But this news right here shouts out the Bitcoin archive. 135 00:06:52,200 --> 00:06:56,720 Public companies bought over $2.5 billion a Bitcoin last 136 00:06:56,720 --> 00:06:58,920 week. Of course everyone wants to 137 00:06:58,920 --> 00:07:01,200 catch Sailor. You can see here the weekly net 138 00:07:01,200 --> 00:07:05,720 inflow was $2.56 billion. The weekly Bitcoin net inflow 139 00:07:05,720 --> 00:07:11,720 was 21,895.98 Bitcoin. But of course, that really is 140 00:07:11,720 --> 00:07:15,200 only a dent when you consider that there was literally, you 141 00:07:15,200 --> 00:07:19,720 know, one $80,000 sale of Bitcoin last week and then there 142 00:07:19,720 --> 00:07:22,600 was multiple old wallet opening up. 143 00:07:22,600 --> 00:07:26,600 And I think the math that we had, it was like 107,000 Bitcoin 144 00:07:26,600 --> 00:07:28,360 that hit the exchanges last week. 145 00:07:29,040 --> 00:07:32,920 So I, I think it's very simple. I know there's still the 146 00:07:32,920 --> 00:07:35,920 conversation of paper Bitcoin is the price being suppressed. 147 00:07:36,320 --> 00:07:39,120 I always, you know, Occam's razor, this, they're just, 148 00:07:39,200 --> 00:07:41,320 there's a lot of Bitcoin being sold right now. 149 00:07:41,520 --> 00:07:44,240 But in the face of everything going on, Bitcoin holding on at 150 00:07:44,240 --> 00:07:47,680 around 1:15, I think it's super, super bullish. 151 00:07:48,040 --> 00:07:51,720 And before I get into my bullish takes on why I think this is 152 00:07:51,720 --> 00:07:55,280 going to end up and be an incredibly bullish end of the 153 00:07:55,280 --> 00:07:58,000 year, Nico, let's pass it to you. 154 00:07:58,000 --> 00:08:01,080 What what's your initial thoughts when you saw the price 155 00:08:01,080 --> 00:08:02,800 dumb. You know, what's what's your 156 00:08:02,800 --> 00:08:06,560 ideas is Arthur Wright And then take into account all of the 157 00:08:06,560 --> 00:08:09,480 Bitcoin that is supposedly again, I'm I'm doing air quotes 158 00:08:09,480 --> 00:08:11,880 here, supposedly being bought by these Bitcoin treasury 159 00:08:11,880 --> 00:08:13,880 companies. What's your vibe here as the 160 00:08:13,880 --> 00:08:17,440 reigning perma bear on the show? What, what is your, your gut 161 00:08:17,440 --> 00:08:20,440 telling you right now before, before I make my my bullish 162 00:08:20,440 --> 00:08:23,560 case? Yeah, I mean, my gut is telling 163 00:08:23,560 --> 00:08:28,860 me that dude, like, you know, we're supposedly in a quote UN 164 00:08:28,860 --> 00:08:32,280 quote bull market, but I haven't seen it yet. 165 00:08:32,280 --> 00:08:34,960 I haven't seen this bull market. Like we've we've been 166 00:08:34,960 --> 00:08:38,480 essentially going sideways for the past year or so. 167 00:08:39,799 --> 00:08:43,640 And you know, we started the year at 109,000 with on Trump's 168 00:08:43,640 --> 00:08:46,880 inauguration day, we're at 115,000. 169 00:08:47,080 --> 00:08:50,360 We dipped to 75,000 in the middle of the year. 170 00:08:50,680 --> 00:08:54,360 Now we're back up, but this isn't a bull market. 171 00:08:54,360 --> 00:08:57,600 I think I saw British Huddle say it initially where he was like, 172 00:08:57,600 --> 00:09:00,040 look, guys, like we're not in a bull market right now. 173 00:09:00,360 --> 00:09:03,480 And I would agree with him. We're not in a bull market. 174 00:09:04,040 --> 00:09:05,680 This doesn't feel like a bull market. 175 00:09:05,920 --> 00:09:08,880 I think we're gonna have a great end of the year. 176 00:09:09,760 --> 00:09:13,760 That's what my, my Spidey senses are telling me just based on 177 00:09:13,760 --> 00:09:17,240 Bitcoin's historical patterns. But I, I would say that this, 178 00:09:17,240 --> 00:09:20,440 this year has, has been underwhelming so far. 179 00:09:20,720 --> 00:09:24,280 Bitcoin is still up. I think it's up like 1020% on 180 00:09:24,280 --> 00:09:28,280 the year, which is fantastic just in general terms, but in 181 00:09:28,280 --> 00:09:31,120 Bitcoin terms, it's been a little bit lackluster. 182 00:09:31,360 --> 00:09:35,080 But I, but I, here's the silver lining that I will say though, 183 00:09:35,080 --> 00:09:39,880 too is, and I think the more we consolidate at these prices, the 184 00:09:39,880 --> 00:09:45,320 bigger, the bigger the base when we inevitably start to go up. 185 00:09:45,680 --> 00:09:50,840 So I think it is a good thing, but I just think that it's just 186 00:09:50,840 --> 00:09:52,760 going to take a while. And I also think that the 187 00:09:52,760 --> 00:09:56,600 institutions coming in change the dynamic of how these bull 188 00:09:56,600 --> 00:10:01,080 market bull markets operate. They're, they're, they're acting 189 00:10:01,160 --> 00:10:04,840 very, very differently than to what they normally do. 190 00:10:05,320 --> 00:10:08,880 And I think that's all that's something to keep in mind as we 191 00:10:08,880 --> 00:10:10,520 go forward. Anyways, Opti, what's your take 192 00:10:10,520 --> 00:10:12,920 on? All this, Yeah, yeah, No, I, I 193 00:10:12,920 --> 00:10:15,880 think you're right though. Look at our our boy Utx over 194 00:10:15,880 --> 00:10:17,000 here on Rumble. He says. 195 00:10:17,200 --> 00:10:20,200 We've been essentially going sideways for the last two years. 196 00:10:20,200 --> 00:10:23,600 Up 400% is basically the same as 0 it. 197 00:10:24,760 --> 00:10:27,760 Looks like we're. All on the same page here and 198 00:10:27,760 --> 00:10:31,640 also Nico I I, we didn't cover it as news, but there was a 199 00:10:31,640 --> 00:10:35,080 rumor of China banning Bitcoin again and I think that's what 200 00:10:35,080 --> 00:10:38,040 everyone was saying that dropped the Bitcoin price, though it 201 00:10:38,040 --> 00:10:39,800 does look like it's losing its flavor. 202 00:10:39,800 --> 00:10:42,160 It's losing it's losing its effect now, if it's true, 203 00:10:42,160 --> 00:10:47,280 though, from what I saw guys, they they didn't actually usher 204 00:10:47,280 --> 00:10:49,320 in a new ban. I think it was the same 1 from 205 00:10:49,320 --> 00:10:52,120 2021. So I, I don't think that we can 206 00:10:52,120 --> 00:10:56,240 kind of connect that to why the price dumped, but we we did see 207 00:10:56,240 --> 00:10:59,040 a dump over the weekend. You know so either way, buying 208 00:10:59,040 --> 00:11:02,040 opportunity for everyone here. If you like Bitcoin at 123 K you 209 00:11:02,040 --> 00:11:06,480 love it at 113 K and 111 K. It seems like the dip got bought 210 00:11:06,480 --> 00:11:10,000 up anyways, I did say I was going to make a bullish case 211 00:11:10,000 --> 00:11:12,880 here first one is kind of me trolling. 212 00:11:12,880 --> 00:11:15,560 I'm not going to lie. This first one is kind of a, but 213 00:11:15,560 --> 00:11:17,840 this is my first point here and we've been saying this on the 214 00:11:17,840 --> 00:11:20,440 show for a minute, but we got Jim Cramer. 215 00:11:20,440 --> 00:11:24,240 He literally actually maybe he's the one to blame because he did 216 00:11:24,240 --> 00:11:26,960 endorse Bitcoin last week and then the price dump. 217 00:11:26,960 --> 00:11:30,480 So inverse Kramer, just completely undefeated. 218 00:11:30,480 --> 00:11:34,280 Anytime he says anything favorable about anything, it's 219 00:11:34,280 --> 00:11:37,040 going to dump. But we got we got a we got a 220 00:11:37,040 --> 00:11:38,920 little a little saving grace here. 221 00:11:38,920 --> 00:11:42,560 He tweeted over this was what Friday afternoon, Friday night, 222 00:11:43,080 --> 00:11:45,800 Jim Cramer, which is what we tell you guys, remember the meme 223 00:11:45,800 --> 00:11:49,040 of selling May and go away. I was joking that the summer 224 00:11:49,040 --> 00:11:53,080 months are bad because all of the investment hedge fund guys, 225 00:11:53,080 --> 00:11:56,000 the bankers are over in Saint Barts on their yachts chilling. 226 00:11:56,000 --> 00:11:57,280 They're hanging out with their family. 227 00:11:57,480 --> 00:11:59,200 Well, Jim Cramer is doubling down. 228 00:11:59,200 --> 00:12:02,000 So you know what this is telling me it's going to rebound 229 00:12:02,000 --> 00:12:03,280 bitcoins going to rebound strong. 230 00:12:03,280 --> 00:12:05,920 And anyways, he tweets, I always despise both August and 231 00:12:05,920 --> 00:12:08,640 September. Just tough months to make money. 232 00:12:08,840 --> 00:12:10,960 You know what I'm hearing? I'm hearing Bitcoin is going to 233 00:12:10,960 --> 00:12:13,680 RIP. So inverse Kramer in effect on 234 00:12:13,680 --> 00:12:15,840 the opposite way. It's going to be a bullish 235 00:12:15,840 --> 00:12:19,040 August just cause Kramer said it was going to be a bad August. 236 00:12:19,320 --> 00:12:20,800 Though I am kind of trolling that. 237 00:12:20,800 --> 00:12:23,160 That is kind of a troll. Anyways, what I really want to 238 00:12:23,160 --> 00:12:27,320 show you guys here today is the monthly returns on Bitcoin, 239 00:12:27,320 --> 00:12:30,280 historical monthly returns. Here you guys can see Bitcoin 240 00:12:30,280 --> 00:12:33,640 monthly returns and there is kind of a pattern here. 241 00:12:34,320 --> 00:12:37,320 Of course we've been talking about this for a few for you I 242 00:12:37,320 --> 00:12:39,360 guess years now shouts out to American Hotto. 243 00:12:39,360 --> 00:12:43,760 You know 3 red, 1 green Well, we are in the supposed green year 244 00:12:43,760 --> 00:12:47,760 and so if you kind of look at this here we do you can kind of 245 00:12:47,760 --> 00:12:50,680 see a very similar dynamic play out. 246 00:12:50,680 --> 00:12:54,040 You know, we have the first green here and then three red 1 247 00:12:54,040 --> 00:12:58,080 green and then we got 2 Reds with one green, 1 green, three 248 00:12:58,080 --> 00:12:59,560 Reds. And of course, we're starting 249 00:12:59,560 --> 00:13:03,720 off August not so well, but just imagine that this August month 250 00:13:03,720 --> 00:13:07,720 is going going to end up green and we have a super bullish set 251 00:13:07,720 --> 00:13:10,360 up for the end of the year. So historically, when we have a 252 00:13:10,360 --> 00:13:14,520 good July, then August also pumps. 253 00:13:14,760 --> 00:13:16,440 We've seen this play out multiple times. 254 00:13:16,440 --> 00:13:20,360 Actually almost every time except for last year that we saw 255 00:13:20,400 --> 00:13:24,280 every time we have a green July, a bullish July, we have a 256 00:13:24,280 --> 00:13:27,360 bullish August and there's only one break in that pattern, which 257 00:13:27,360 --> 00:13:30,240 was in 2024. This this update here. 258 00:13:30,240 --> 00:13:33,800 This is on coin glass is obviously the first 3-4 days of 259 00:13:33,800 --> 00:13:36,160 the month. So we don't have that to really 260 00:13:36,160 --> 00:13:39,600 hang our hat on. But looking further out, if you 261 00:13:39,600 --> 00:13:43,600 guys check this out, historically October, November 262 00:13:43,600 --> 00:13:46,440 is the most bullish time in Bitcoin. 263 00:13:46,600 --> 00:13:50,120 So it looks like we're going to be set up for a great Q4. 264 00:13:50,880 --> 00:13:53,000 Maybe that's not what you want to hear here today. 265 00:13:53,000 --> 00:13:55,360 You're just like I, I want this to RIP to 150. 266 00:13:55,360 --> 00:13:59,040 I was promised 150K. Are we going to 200 K plus? 267 00:13:59,600 --> 00:14:03,000 It looks like we might. This is this is my optimistic 268 00:14:03,000 --> 00:14:06,240 take on where we are right now. It looks like we are going to be 269 00:14:06,240 --> 00:14:09,600 set up for an incredible Q3 and Q4. 270 00:14:10,440 --> 00:14:11,920 We'll see. We'll see if this plays out. 271 00:14:11,920 --> 00:14:15,000 Maybe September will be a little correction month, but October, 272 00:14:15,000 --> 00:14:18,440 November is going to be a great, great time. 273 00:14:18,440 --> 00:14:20,880 So maybe we'll have one more dip in US. 274 00:14:20,880 --> 00:14:22,600 Who knows how low the dip will go. 275 00:14:22,880 --> 00:14:26,560 But I'm starting to look at, hey, if we get a green October, 276 00:14:26,560 --> 00:14:29,960 a bullish or sorry, a bullish August, then we're going to be 277 00:14:29,960 --> 00:14:32,720 set up really good for Q4 of this year. 278 00:14:33,080 --> 00:14:35,480 And then really kind of going further into some of these 279 00:14:35,480 --> 00:14:37,160 charts. Again, shouts out to archive 280 00:14:37,720 --> 00:14:39,520 Bitcoin. Demand remains strong, 281 00:14:39,520 --> 00:14:42,440 accumulation is rising. Long term holders still buying. 282 00:14:42,440 --> 00:14:45,080 Here you can see the demand for accumulator addresses. 283 00:14:45,280 --> 00:14:49,040 It's going parabolic right now. You have sell side liquidity 284 00:14:49,040 --> 00:14:52,360 going down all exchanges, including the, you know, 285 00:14:52,360 --> 00:14:56,320 grayscale Bitcoin holdings, they are being diminished right now 286 00:14:56,640 --> 00:14:59,640 and then the apparent demand is on the rise right now. 287 00:14:59,640 --> 00:15:02,760 So even though the price is probably you're you're probably 288 00:15:02,760 --> 00:15:05,800 getting bored to death right now because of the sideways action. 289 00:15:06,040 --> 00:15:09,680 As we kind of mentioned earlier, we've been going sideways for a 290 00:15:09,720 --> 00:15:13,360 long time, which in our view it basically means it's zero. 291 00:15:13,360 --> 00:15:16,520 It's over here, we're getting bored to death, but I think it's 292 00:15:16,520 --> 00:15:21,040 going to be set up for a solid August and then a solid Q4. 293 00:15:21,440 --> 00:15:23,800 So I wouldn't be selling your Bitcoin right now. 294 00:15:23,800 --> 00:15:27,160 Don't sell the top right now. You're probably going to regret 295 00:15:27,160 --> 00:15:30,200 that anyways, that's my kind of analysis here. 296 00:15:30,200 --> 00:15:32,680 This is my chart. Boeing, join my free paid group 297 00:15:32,680 --> 00:15:34,720 later. No, I don't actually have one 298 00:15:35,560 --> 00:15:37,480 this. I do this free on the show for 299 00:15:37,480 --> 00:15:39,200 you guys. This is my free paid group. 300 00:15:39,200 --> 00:15:41,880 It's on simply Bitcoin. So this is what I'm seeing right 301 00:15:41,880 --> 00:15:44,040 now, guys. I don't, I don't think it's 302 00:15:44,040 --> 00:15:46,040 anything to worry about. But again, what do I know? 303 00:15:46,040 --> 00:15:48,400 I don't have a crystal ball. You know, I get trolled in the 304 00:15:48,400 --> 00:15:51,720 chat that if we don't get to 500 KA million this year, then we're 305 00:15:51,720 --> 00:15:54,720 liars, etcetera. Look, I'm updating my models 306 00:15:54,720 --> 00:15:56,880 with the information as it comes as well, man. 307 00:15:56,880 --> 00:16:00,520 So this is what I'm seeing. I don't think it's time to panic 308 00:16:00,880 --> 00:16:04,320 anyways, Nico, from there, take it away. 309 00:16:04,320 --> 00:16:09,040 Do you think we are going to see, based on my case here, are 310 00:16:09,040 --> 00:16:12,160 we going to see a bullish August and a bullish Q4? 311 00:16:12,800 --> 00:16:14,880 Yeah. I mean, you know, I think this 312 00:16:14,880 --> 00:16:19,160 is what everyone is kind of, you know, this is what I was 313 00:16:19,160 --> 00:16:24,960 predicting, which actually worries me a little bit, but. 314 00:16:25,600 --> 00:16:27,480 Dude I get bullish and he's still bearish. 315 00:16:27,480 --> 00:16:28,720 This is crazy. Yeah. 316 00:16:28,720 --> 00:16:33,760 So I mean, look, if the it's a big if, if Bitcoin follows 317 00:16:33,760 --> 00:16:36,360 historical patterns. That's the big if. 318 00:16:36,440 --> 00:16:41,560 If Bitcoin follows historical patterns, then we are very well 319 00:16:41,560 --> 00:16:47,720 set up for an explosive end of Q3 and Q4, right? 320 00:16:48,280 --> 00:16:52,080 And then a lot of people are also talking about an extended 321 00:16:52,080 --> 00:16:53,840 bull market. A lot of people are saying that. 322 00:16:53,880 --> 00:16:57,560 Someone just said that in here. Bitcoin bull market is going to 323 00:16:57,560 --> 00:16:59,640 be extended. Due to 2026. 324 00:16:59,640 --> 00:17:04,880 Into the, the like the the second-half of, of of 2026, 325 00:17:05,119 --> 00:17:08,400 Michael Saylor is going on and basically saying, could you pull 326 00:17:08,400 --> 00:17:12,119 up that meme that he posted on his account where he's like, 327 00:17:12,119 --> 00:17:15,079 it's the end of winters. There is yeah, he is. 328 00:17:15,079 --> 00:17:17,520 No, there is no Bitcoin Winters anymore. 329 00:17:18,800 --> 00:17:20,319 I've heard that, I've heard that. 330 00:17:20,400 --> 00:17:24,040 I've heard that before, right? But he is buying all the Bitcoin 331 00:17:24,040 --> 00:17:27,119 so yo he's got a godfather meme too. 332 00:17:28,600 --> 00:17:29,520 Legend. Yeah. 333 00:17:29,520 --> 00:17:34,240 So could you share that? So I mean like my take on all 334 00:17:34,240 --> 00:17:39,800 this is like look like I that dumb that happened last week was 335 00:17:39,800 --> 00:17:42,560 not cool. Like I mean it, it followed 336 00:17:43,080 --> 00:17:47,760 strategies essentially like they they did over they did their 337 00:17:47,760 --> 00:17:50,560 their earnings call, right. They had like Lynn Alden on the 338 00:17:50,560 --> 00:17:52,120 call. They had like press and pish on 339 00:17:52,120 --> 00:17:54,920 the call. They absolutely crushed it in 340 00:17:54,920 --> 00:17:58,520 terms of performance and then the price dumped regardless. 341 00:17:59,400 --> 00:18:02,840 Historically, bitcoins price doesn't do so well during the 342 00:18:02,840 --> 00:18:06,080 summer. People kind of just unplug, but 343 00:18:06,080 --> 00:18:08,880 it does do a little bit better towards the end of the year. 344 00:18:09,080 --> 00:18:11,280 But the reality is, is that we've been essentially 345 00:18:11,280 --> 00:18:17,080 consolidating for seven months, seven months of consolidation 346 00:18:17,280 --> 00:18:20,720 with volatility to the downside, not even the upside. 347 00:18:22,080 --> 00:18:27,480 But again, the more we kind of chop solidate, the the better 348 00:18:27,480 --> 00:18:31,160 the platform is of when we eventually go up. 349 00:18:31,360 --> 00:18:34,440 So when we event, when bitcoins number eventually goes up to the 350 00:18:34,440 --> 00:18:39,040 moon, there's a very strong platform of which Bitcoin could 351 00:18:39,040 --> 00:18:42,480 jump off of right. And I think this is where we're 352 00:18:42,480 --> 00:18:45,080 at right now. We're like in this like really 353 00:18:45,320 --> 00:18:50,320 kind of unique situation where, you know, Bitcoin, it has been 354 00:18:50,320 --> 00:18:54,600 going sideways essentially for, you know, what was seven months 355 00:18:54,840 --> 00:18:58,480 and eventually that kind of leads up to an explosive move 356 00:18:58,480 --> 00:19:01,560 upwards. And what Arthur Hayes is 357 00:19:01,560 --> 00:19:06,320 basically making the case for and Larry Leopard and Lynn Alden 358 00:19:06,480 --> 00:19:10,160 is that they're going to eventually start printing a 359 00:19:10,160 --> 00:19:13,600 whole lot of money. And when they do that, that 360 00:19:13,600 --> 00:19:19,120 tends to make the price go up, number go up, right up into the 361 00:19:19,120 --> 00:19:20,960 right. So I mean, I think that's my 362 00:19:20,960 --> 00:19:23,480 base case, man, but I don't know, you know, I feel a little 363 00:19:23,480 --> 00:19:28,080 bit chewed up here, Opti, like we've been this is 7 months of 364 00:19:28,080 --> 00:19:30,720 kind of boringness. This is paper Bitcoin summer, 365 00:19:30,720 --> 00:19:33,960 right? And you know, I don't know, man. 366 00:19:33,960 --> 00:19:37,280 I remember the the, the good old days, right, where like we'd 367 00:19:37,280 --> 00:19:41,120 used to like 2-3 X in like a matter of two or three months. 368 00:19:41,520 --> 00:19:45,000 Now it's taking a little bit longer now, to be fair, since 369 00:19:45,000 --> 00:19:49,360 the bottom of Bitcoin, like the bottom of the 22, was it 22? 370 00:19:49,360 --> 00:19:56,000 Yeah, it was a 22 bear market. It was at $16,000, we're up at 371 00:19:56,000 --> 00:20:00,760 115,000. So I mean, from a percentage 372 00:20:00,760 --> 00:20:03,680 return, that's a fantastic return, right? 373 00:20:04,000 --> 00:20:08,320 And what is that like 567X? It's pretty good. 374 00:20:08,720 --> 00:20:10,640 It's not bad. I don't know. 375 00:20:10,920 --> 00:20:13,680 I let me, let me charge. It's not bad at all, right? 376 00:20:14,880 --> 00:20:17,560 If you take a, yeah, just go from the bottom of the of the 377 00:20:17,560 --> 00:20:19,320 bear. Which which bear? 378 00:20:19,320 --> 00:20:21,840 Though the bear, bro, the bottom of the bear, Yeah, Yeah. 379 00:20:21,840 --> 00:20:23,680 So you just take the take the rule. 380 00:20:23,680 --> 00:20:27,480 Yeah, exactly. Take this off all right, guys. 381 00:20:27,520 --> 00:20:29,000 I'm doing it live behind the scenes. 382 00:20:29,000 --> 00:20:31,600 I I I don't need you guys trolling me about my my chart 383 00:20:31,600 --> 00:20:34,880 bowling over here to today's price. 384 00:20:34,880 --> 00:20:38,040 Yeah, no, no, no, no, no. But that that's 25. 385 00:20:38,280 --> 00:20:40,000 That's this year I'm talking about. 386 00:20:40,000 --> 00:20:42,160 Yeah, Sorry, sorry. Zoom out, press the five year 387 00:20:42,160 --> 00:20:46,360 thing. So I mean like look like from 388 00:20:46,560 --> 00:20:50,320 the bottom of the 2022 bull mark, bear mark, you're right 389 00:20:50,400 --> 00:20:51,600 there. Look. 390 00:20:51,600 --> 00:20:54,840 Oh, from the 2022, Yeah. That's, that's the cycle bear. 391 00:20:54,840 --> 00:20:57,720 That's the cycle bottom to the cycle top. 392 00:20:58,440 --> 00:21:06,560 We're up 641% in what, 2 years? That's an incredible, that's an 393 00:21:06,560 --> 00:21:10,960 incredible return. So, but again, from a 394 00:21:10,960 --> 00:21:13,960 Bitcoiner's perspective, you're like, dude, that's super boring. 395 00:21:13,960 --> 00:21:15,840 Like you know what's going on here? 396 00:21:16,200 --> 00:21:18,840 I think again, we're chop solidating. 397 00:21:19,760 --> 00:21:25,800 The last time we did that was in March of 24 and we did that all 398 00:21:25,800 --> 00:21:30,080 until October of 24. Bullish October. 399 00:21:30,080 --> 00:21:32,440 And then October, we kind of pulled up again. 400 00:21:32,480 --> 00:21:34,880 It definitely looks like it's on an upward trend. 401 00:21:34,880 --> 00:21:39,240 We kind of had our correction into the 76 K region. 402 00:21:40,160 --> 00:21:43,600 So yeah, I mean, I am bullish for the end of the year, but you 403 00:21:43,600 --> 00:21:46,760 know, I kind of want to see it go up because we haven't made 404 00:21:46,760 --> 00:21:52,120 all time highs in in Bitcoin terms and in Bitcoin to gold 405 00:21:52,120 --> 00:21:54,120 terms, we have not made an all time high. 406 00:21:54,120 --> 00:21:55,560 I don't know if anyone knows that. 407 00:21:55,880 --> 00:21:59,000 Yeah, yeah. Someone in the chat saying 600% 408 00:21:59,000 --> 00:22:02,400 yeah, so freaking boring hard huddle at the Bitcoin 409 00:22:02,400 --> 00:22:06,280 conference, someone pointed out that Nico looks like I can't say 410 00:22:06,280 --> 00:22:11,080 that. That's so funny the the chat's 411 00:22:11,080 --> 00:22:12,480 popping off. Anyways, if you guys are 412 00:22:12,480 --> 00:22:14,320 enjoying the show, smash that like button. 413 00:22:14,320 --> 00:22:18,040 It's Bitcoin and go. Help us break 100 likes within 414 00:22:18,040 --> 00:22:22,040 the 1st 30 minutes of the show. So smash that like button if you 415 00:22:22,040 --> 00:22:25,120 guys are enjoying the content. Kind of breaking the 2021 high 416 00:22:25,120 --> 00:22:26,480 right now. We are, yeah. 417 00:22:26,480 --> 00:22:28,800 I think we just broke it. Let me see. 418 00:22:30,400 --> 00:22:34,800 No right under it. Yeah, that's what I'm trying to 419 00:22:34,800 --> 00:22:37,120 tell you. We haven't made all time highs 420 00:22:37,120 --> 00:22:43,160 in gold since 2021, right? So I mean, like, we're going 421 00:22:43,160 --> 00:22:46,960 higher, it's just taking longer, which kind of goes into the 422 00:22:46,960 --> 00:22:48,720 whole power law narrative, right? 423 00:22:50,120 --> 00:22:52,320 Where they're like, look, we're gonna go up in percentage terms 424 00:22:52,320 --> 00:22:54,840 the same, It's just gonna take a lot longer. 425 00:22:55,880 --> 00:22:57,320 I think that's where we're at right now. 426 00:22:57,320 --> 00:23:01,360 But yeah, I mean, I'm telling you, like this institutional 427 00:23:01,360 --> 00:23:04,240 money, once it's gotten in, it's kind of weird, man. 428 00:23:04,480 --> 00:23:07,640 It's gotten weird. Like it's gotten super, super 429 00:23:07,640 --> 00:23:09,360 weird. Like Bitcoin has been acting 430 00:23:09,360 --> 00:23:14,080 strange since the approval of the ETF in January of 2024. 431 00:23:14,360 --> 00:23:16,880 Like the price action isn't the same. 432 00:23:18,000 --> 00:23:20,360 I can't pronounce that name. It says we go to a million in 433 00:23:20,360 --> 00:23:23,160 boredom. Someone said this is boring for 434 00:23:23,160 --> 00:23:26,160 people who got in after 60 Ki. Think that's a good point. 435 00:23:27,400 --> 00:23:30,320 Someone else says the price is kicking total ass. 436 00:23:30,400 --> 00:23:32,760 What's not to like? We're just bored, I think. 437 00:23:32,760 --> 00:23:35,440 Yeah, maybe we're just bored. Getting bored today but what 438 00:23:35,760 --> 00:23:41,120 What should be a boomer section? What's your take on what's your 439 00:23:41,120 --> 00:23:43,240 take on the price action going downwards? 440 00:23:44,000 --> 00:23:48,360 I think it's honestly very strong considering like what 441 00:23:48,360 --> 00:23:50,800 Arthur Hayes is saying, you know, the macro tailwinds right 442 00:23:50,800 --> 00:23:54,880 now or headwinds, sorry, there is a lot of economic 443 00:23:54,880 --> 00:23:57,400 uncertainty. There's a lot of things going on 444 00:23:57,400 --> 00:24:01,080 right now that are that are kind of shaking up the system and the 445 00:24:01,080 --> 00:24:04,720 fact that we saw literally like 100 + 1000 coins hit the 446 00:24:04,720 --> 00:24:06,320 exchange and we're still at 1:15. 447 00:24:07,760 --> 00:24:11,400 Like the biggest signal that I saw someone tweet out reminded 448 00:24:11,400 --> 00:24:14,000 me of this was right before my time. 449 00:24:14,000 --> 00:24:17,000 But the bear whale that Nico was around for, you know the the 450 00:24:17,000 --> 00:24:20,840 infamous bear whale story, the guy sold 30,000 Bitcoin and it 451 00:24:20,840 --> 00:24:22,800 took forever to get out of the bear market. 452 00:24:23,080 --> 00:24:28,320 This time we had literally 180 thousand Bitcoin transaction. 453 00:24:28,960 --> 00:24:32,400 It's still above 100K, it's still around 115 K and that 454 00:24:32,400 --> 00:24:36,160 wasn't even accounting for the other 20,000 plus coins right 455 00:24:36,160 --> 00:24:38,360 now. So I think the market is very 456 00:24:38,360 --> 00:24:40,520 strong. And again, I got to give a shout 457 00:24:40,520 --> 00:24:42,680 out to Mitchell Hartle. He's been, I think he might be 458 00:24:42,680 --> 00:24:44,480 right here. And Eric Balkunis kind of said 459 00:24:44,480 --> 00:24:47,080 it as well, the Bloomberg ETF analyst. 460 00:24:47,560 --> 00:24:50,400 It's like ever since the Bitcoin ETF, the market structure has 461 00:24:50,400 --> 00:24:54,000 fundamentally changed. And I think I honestly, you 462 00:24:54,000 --> 00:24:56,040 know, I don't want to say this time is different because you 463 00:24:56,040 --> 00:24:59,080 guys are going to troll me, but it does feel like things have 464 00:24:59,080 --> 00:25:01,600 fundamentally changed and we won't be able to really 465 00:25:01,920 --> 00:25:05,400 recognize it until after the fact, you know, 2020 hindsight 466 00:25:05,400 --> 00:25:07,840 and all that. So I think, I think things are 467 00:25:07,840 --> 00:25:09,760 changing for better or for worst. 468 00:25:09,760 --> 00:25:13,000 And I'm, I'm starting to lean into we're just going to get 469 00:25:13,000 --> 00:25:15,400 bored to death to 1,000,000. So, you know, just keep 470 00:25:15,400 --> 00:25:18,320 stacking. We're probably going to have to 471 00:25:18,320 --> 00:25:20,760 find new topics. What's a board to death to a 472 00:25:20,760 --> 00:25:21,560 million? What is that? 473 00:25:21,560 --> 00:25:25,560 Literally what we're doing right now, just a little bit of pump 474 00:25:26,160 --> 00:25:29,520 sideways action, slight correction, a little bit of pump 475 00:25:29,520 --> 00:25:30,600 you. Think the arrows of the 476 00:25:30,600 --> 00:25:34,480 parabolic move movements. Upwards are over I think. 477 00:25:34,840 --> 00:25:39,040 Like on a yearly chart, it'll still look parabolic, but I 478 00:25:39,040 --> 00:25:41,560 just, I don't, I'm not sure if it's still going to be, you 479 00:25:41,560 --> 00:25:43,600 know, you need to be in the market for 12 days. 480 00:25:43,600 --> 00:25:46,320 You know how it used to be that Bitcoin would pump after 12 days 481 00:25:46,320 --> 00:25:49,360 and we do all these crazy price movements. 482 00:25:49,360 --> 00:25:52,760 It might just be you pump, you know, one month you pump, then 483 00:25:52,760 --> 00:25:55,840 it goes sideways and it does this stair stepping ladder and 484 00:25:55,840 --> 00:25:58,840 then you go sideways for a couple of months and then it 485 00:25:58,840 --> 00:26:02,040 just pumps again for another 20, thirty, 50%. 486 00:26:02,400 --> 00:26:05,080 And it just kind of does this very boring. 487 00:26:05,080 --> 00:26:09,560 Like, wait, I don't know, man, we're trading the S&P 500. 488 00:26:09,760 --> 00:26:12,640 Mel, who is bored? Seriously, I'm, I'm totally 489 00:26:12,640 --> 00:26:17,000 bored right now. Dark, dark gets it. 490 00:26:17,200 --> 00:26:19,840 We're going to be bored when the price hits $1,000,000 because we 491 00:26:19,840 --> 00:26:21,480 knew it was going to get there for so long. 492 00:26:21,840 --> 00:26:26,240 So you know, slow climb is good though a slow climb is is 493 00:26:26,240 --> 00:26:29,080 obviously healthy and I'm all for it. 494 00:26:29,080 --> 00:26:33,720 But can we get 2017 vibes back? I mean, I think, I think 495 00:26:33,720 --> 00:26:37,400 eventually I mean, but that's that's $1,000,000 question, 496 00:26:37,480 --> 00:26:39,200 right? And I'm going to put that in the 497 00:26:39,200 --> 00:26:40,560 chat. I want to I want to get your 498 00:26:40,560 --> 00:26:49,640 guys's thoughts is the era of is the era of Bitcoin? 499 00:26:50,120 --> 00:26:51,840 Parabolas. Yeah. 500 00:26:51,840 --> 00:26:53,440 See. Everyone's bored in the chat. 501 00:26:53,440 --> 00:26:56,520 Mel, what are you talking about? All right, I just wait. 502 00:26:56,640 --> 00:26:57,880 Now this is a better question. I. 503 00:26:57,880 --> 00:27:00,240 Just asked everyone in the chat. This is a better question. 504 00:27:00,240 --> 00:27:04,560 Era of Bitcoin parabola is over. Though to add to this, would you 505 00:27:04,560 --> 00:27:08,440 rather a parabolic blow off top or up slowly for the next 10 506 00:27:08,440 --> 00:27:10,000 years? Blow off top dude. 507 00:27:10,320 --> 00:27:12,000 I don't know. Give me that dopamine dude. 508 00:27:12,000 --> 00:27:14,960 Dude, this last bear market was kind of rough being all in on 509 00:27:14,960 --> 00:27:17,320 Bitcoin, I'm not going to lie. So give me that dopamine. 510 00:27:17,360 --> 00:27:20,120 Bro, I want slow and up and to the right forever. 511 00:27:20,120 --> 00:27:22,520 Yeah, yeah. No more bear markets, dude. 512 00:27:22,520 --> 00:27:24,920 No more winters. Dude we haven't even gone up and 513 00:27:24,920 --> 00:27:26,600 to the right for like like 7 months. 514 00:27:26,640 --> 00:27:28,600 Bro it's literally only been up and. 515 00:27:28,600 --> 00:27:31,120 To the right? No it hasn't. 516 00:27:31,120 --> 00:27:34,120 Yes, it has. I don't know. 517 00:27:34,120 --> 00:27:36,240 It's literally up and to the right like you're tripping. 518 00:27:37,280 --> 00:27:38,960 Look at this. It's literally up into here. 519 00:27:38,960 --> 00:27:42,120 Let me, let me, let me show it. Dude, we're chart boing. 520 00:27:42,480 --> 00:27:43,800 We're chart boing, we're char boing. 521 00:27:43,840 --> 00:27:46,080 We're we're talking about where? Where? 522 00:27:46,440 --> 00:27:49,920 Look at this dude. Literally just up and to the 523 00:27:49,920 --> 00:27:53,840 right dude. Like it pumps, goes sideways, it 524 00:27:53,840 --> 00:27:56,480 pumps, it goes sideways, it pumps, it goes sideways. 525 00:27:56,480 --> 00:27:58,680 So it pumps, it's going to go sideways. 526 00:27:58,680 --> 00:28:01,640 But look compare it to. The I agree like this is this is 527 00:28:01,640 --> 00:28:03,120 what I want. I want this. 528 00:28:03,120 --> 00:28:08,960 I'm being selfish. I want this, you know, look, 529 00:28:08,960 --> 00:28:12,040 I'll even take 2021. So the consensus, I want to take 530 00:28:12,040 --> 00:28:14,000 a look at how the the chart is doing. 531 00:28:14,000 --> 00:28:15,920 I mean, how? Not the chart, but I want to 532 00:28:15,920 --> 00:28:18,920 take a look at how the poll is doing and seeing what everyone 533 00:28:18,920 --> 00:28:22,160 thinks I said is the era of Bitcoin. 534 00:28:22,160 --> 00:28:26,200 Parabola is over 60% of you guys, 60% said no. 535 00:28:27,440 --> 00:28:31,680 All right, let's go. 60% said there is going to be some type 536 00:28:31,680 --> 00:28:33,280 of action. I'm thinking there is going to 537 00:28:33,280 --> 00:28:35,360 be some type of action. All right, you know we got to 538 00:28:35,360 --> 00:28:38,600 change this segment can somehow I am the bearish 1 here and I 539 00:28:38,600 --> 00:28:41,120 don't like this. My ego can't handle me being 540 00:28:41,120 --> 00:28:45,360 more bearish than Nico here so. Anyways, guys, we have a loaded 541 00:28:45,360 --> 00:28:47,680 show for you guys. So much to talk about. 542 00:28:47,680 --> 00:28:52,400 We have Senators Cynthia Lummis going hard in the paint, you 543 00:28:52,400 --> 00:28:55,000 know, really putting pressure on the Federal Reserve. 544 00:28:55,000 --> 00:28:57,520 Also more action coming out of the Federal Reserve. 545 00:28:57,520 --> 00:29:02,920 Fed Governor Kugler resigns, giving Trump vacancy, which is 546 00:29:02,920 --> 00:29:06,960 really, really interesting. I believe at the current moment, 547 00:29:07,160 --> 00:29:12,840 with this current resignation, I think it's going to be three to 548 00:29:12,840 --> 00:29:16,160 three Republican Democrats. So it's gonna be like across the 549 00:29:16,160 --> 00:29:21,920 board, kind of even. And then we played an ad on 550 00:29:21,920 --> 00:29:24,640 Friday that you guys didn't like. 551 00:29:24,800 --> 00:29:27,200 Totally naked our numbers. He was right. 552 00:29:27,200 --> 00:29:29,600 Vindicated again you. Guys didn't like but essentially 553 00:29:29,600 --> 00:29:36,080 it was like a musical of Coinbase like dancing and 554 00:29:36,080 --> 00:29:41,640 celebrating and like in the UK and a pretty that ad got banned 555 00:29:41,840 --> 00:29:43,880 in the UK. Yeah, it didn't get banned 556 00:29:43,880 --> 00:29:46,840 because it was saying too much signal. 557 00:29:46,840 --> 00:29:48,480 It was banned 'cause it was. Horrible. 558 00:29:48,520 --> 00:29:52,000 And then we got some. We got some thoughts from Josh 559 00:29:52,000 --> 00:29:55,880 Mandel and we got some. We got some interesting data 560 00:29:55,880 --> 00:29:58,640 coming out of Fred Krueger, which I think is really 561 00:29:58,640 --> 00:30:01,440 interesting. And then we have a thread by 562 00:30:01,440 --> 00:30:03,160 Arthur Hayes. So guys, this is going to be an 563 00:30:03,160 --> 00:30:04,960 incredible show. You guys are going to want to 564 00:30:04,960 --> 00:30:08,280 stay tuned in. 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Head over to stampse-ed.com 619 00:33:27,080 --> 00:33:33,440 today. Alright everybody, At the time 620 00:33:33,440 --> 00:33:43,120 of recording, the Bitcoin price is $115,720 Block height 908,592 621 00:33:43,120 --> 00:33:49,080 sats per dollar 864 sats per dollar Market cap 2.34 trillion 622 00:33:49,360 --> 00:33:55,000 Bitcoin versus gold market cap 9.67% Decline from all time high 623 00:33:55,000 --> 00:34:00,040 -6%. Realize monetary inflation .84%. 624 00:34:00,040 --> 00:34:02,520 In the grand scheme of things, we're just getting started. 625 00:34:02,800 --> 00:34:07,040 Anyways, here is the Bitcoin senator, Senator Cynthia Lummis 626 00:34:07,080 --> 00:34:13,440 on the floor of the Senate, and she's been going super hard on 627 00:34:13,440 --> 00:34:16,639 the Federal Reserve for acting politically. 628 00:34:17,440 --> 00:34:20,080 They and I'll, I'll just, I'll just play the clip and then opt 629 00:34:20,080 --> 00:34:20,920 in and out. We'll talk about it. 630 00:34:23,000 --> 00:34:30,440 I won't have any confidence in the Fed's IG and its findings 631 00:34:30,719 --> 00:34:37,000 until that person has statutory independence from the Fed chair. 632 00:34:37,679 --> 00:34:43,120 The Federal Reserve has grown too powerful, too insulated, too 633 00:34:43,120 --> 00:34:48,440 comfortable, and they are operating in the shadows, and 634 00:34:48,440 --> 00:34:53,960 this is the minimum we can do to start getting this independent 635 00:34:53,960 --> 00:34:59,120 agency some scrutiny. They don't even respond to FOIA 636 00:34:59,120 --> 00:35:03,080 requests. You can't get an answer. 637 00:35:03,080 --> 00:35:06,760 That place is whack A mole. If you try to talk to the Fed 638 00:35:06,760 --> 00:35:11,440 chair about something, they'll put it on the vice chair for 639 00:35:11,440 --> 00:35:14,440 banking supervision. Who will put it on the 640 00:35:15,200 --> 00:35:17,400 presidents of the Federal Reserve Banks. 641 00:35:17,520 --> 00:35:22,120 Who put it back on the White House, Who put it back on bank 642 00:35:22,120 --> 00:35:24,800 supervision? Who put it on the lawyer of for 643 00:35:24,800 --> 00:35:28,400 bank supervision? This place is a ping pong ball 644 00:35:28,760 --> 00:35:33,360 when it comes to trying to get an answer to a question. 645 00:35:34,360 --> 00:35:41,240 It's become a giant black hole of, I mean, that's pretty crazy, 646 00:35:41,240 --> 00:35:45,520 bro. And again, when they always talk 647 00:35:45,520 --> 00:35:52,840 about Bitcoin being obscure and you don't know what's going on 648 00:35:52,840 --> 00:35:55,000 with Bitcoin and it's this private money. 649 00:35:55,320 --> 00:35:59,120 Like there you have Senator Lummus basically saying, hey, 650 00:36:00,400 --> 00:36:02,440 this is a black hole. Like we, we don't we can't even 651 00:36:02,440 --> 00:36:04,920 get answers out of them when we want answers out of them. 652 00:36:04,920 --> 00:36:07,760 Like we a FOIA request, by the way, is a Freedom for 653 00:36:07,760 --> 00:36:11,440 Information Act like they should be responding to that. 654 00:36:11,440 --> 00:36:14,720 And they feel like they don't, they don't need to, right? 655 00:36:16,040 --> 00:36:19,160 So that's pretty crazy. And you kind of just see like 656 00:36:19,200 --> 00:36:25,000 the political dynamic between the Trump administration and the 657 00:36:25,000 --> 00:36:28,320 Federal Reserve where Trump is basically saying, OK, you need 658 00:36:28,320 --> 00:36:31,760 to lower rates. You know what's going on here 659 00:36:32,000 --> 00:36:35,440 and then the Fed doesn't. And then we know that during 660 00:36:35,440 --> 00:36:40,600 Operation choke .2 point O, they got their hands dirty and taking 661 00:36:40,600 --> 00:36:44,680 down some of these pro Bitcoin banks and passing some of this 662 00:36:45,040 --> 00:36:48,640 anti Bitcoin legislation or, or, or some of the regulatory 663 00:36:49,120 --> 00:36:51,640 actions that were done by the previous administration. 664 00:36:52,240 --> 00:36:56,160 This is also an institution that wants to roll out a central bank 665 00:36:56,160 --> 00:36:59,040 digital currency. So someone in the chat saying 666 00:36:59,040 --> 00:37:03,120 they're a private company, I mean, they sure are acting like 667 00:37:03,120 --> 00:37:06,960 it. And this institution has so much 668 00:37:06,960 --> 00:37:10,920 power. It has so much power, and it's 669 00:37:10,920 --> 00:37:13,360 unaccountable. It's inaudible. 670 00:37:13,440 --> 00:37:14,960 You don't know what's going on there. 671 00:37:14,960 --> 00:37:17,560 It's a trust me, bro type of situation. 672 00:37:18,120 --> 00:37:22,360 And this institution basically controls the country's money. 673 00:37:23,040 --> 00:37:27,560 Like what are we doing here? What what the F is going on, 674 00:37:27,800 --> 00:37:31,360 right? As bitcoiners, you can you 675 00:37:31,360 --> 00:37:34,280 could, you know, buy a node and you could download a node. 676 00:37:34,640 --> 00:37:38,040 You can audit the chain. You know what everyone is doing. 677 00:37:38,200 --> 00:37:41,160 It's public. It's you know, it's an open 678 00:37:41,160 --> 00:37:44,000 Ledger. You don't have to trust me, bro. 679 00:37:45,080 --> 00:37:48,080 And this is a system that's a trust me bro system. 680 00:37:48,200 --> 00:37:50,360 It's like trust me, bro. And it's not even. 681 00:37:50,360 --> 00:37:53,480 And then when you ask, it's like, OK, man, but like, I'm 682 00:37:53,480 --> 00:37:58,040 having a hard time trusting you. Like, could you do me a solid 683 00:37:58,040 --> 00:38:02,920 and like, you know, send me some something like good. 684 00:38:03,520 --> 00:38:06,080 And it just ignores you. That doesn't give a lot of 685 00:38:06,080 --> 00:38:09,200 confidence in the trust me, bro, right model. 686 00:38:09,560 --> 00:38:14,960 So, you know, I, I applaud Senator Lummus for highlighting 687 00:38:14,960 --> 00:38:21,640 basically the hypocrisies, the inefficiencies, the obscurity 688 00:38:22,400 --> 00:38:25,360 that this institution is acting with. 689 00:38:26,160 --> 00:38:29,720 This again, is supposed to be an institution that is supposed to 690 00:38:29,720 --> 00:38:32,400 represent the interests of the American people. 691 00:38:33,560 --> 00:38:37,120 Who's it accountable to is my question. 692 00:38:37,240 --> 00:38:42,360 If it's not accountable to us, who's it accountable to, right? 693 00:38:42,600 --> 00:38:45,280 Who is the Federal Reserve accountable to? 694 00:38:46,200 --> 00:38:49,960 Because it's not acting like it's accountable to the people, 695 00:38:49,960 --> 00:38:52,520 it's acting like it's accountable to itself. 696 00:38:52,520 --> 00:38:56,080 And I don't know if you guys saw that video of Trump basically 697 00:38:56,080 --> 00:39:01,320 going back and forth with Powell and, and like Trump is basically 698 00:39:01,320 --> 00:39:05,560 saying like you guys are spending $3.1 billion 699 00:39:06,160 --> 00:39:09,360 essentially updating the building, bro. 700 00:39:09,360 --> 00:39:13,400 What type of building is that? What type of building is that? 701 00:39:13,800 --> 00:39:16,840 3.1 billion? What are they building in there, 702 00:39:16,840 --> 00:39:20,480 dude? Like what type of renovation 703 00:39:20,480 --> 00:39:24,520 cost $3.1 billion? That's that's insane. 704 00:39:25,280 --> 00:39:28,240 And then people in the chatter saying it's acting like a 705 00:39:28,240 --> 00:39:31,440 cartel. I mean, it sure does look like 706 00:39:31,440 --> 00:39:33,520 it. It's like we don't answer to 707 00:39:33,520 --> 00:39:36,040 you. We don't even respond to Freedom 708 00:39:36,040 --> 00:39:39,640 of Information Act. We were hostile towards Bitcoin 709 00:39:39,640 --> 00:39:41,360 with the previous administration. 710 00:39:41,920 --> 00:39:45,160 We kind of want to roll out a central bank digital currency 711 00:39:45,920 --> 00:39:49,960 like, so if it's not democratically accountable, if 712 00:39:49,960 --> 00:39:55,400 it's acting in a in obscurity like I, I, at this point, I 713 00:39:55,400 --> 00:39:58,000 don't care what they have to say about Bitcoin. 714 00:39:58,360 --> 00:40:00,880 It seems like the things that they have to say that about 715 00:40:00,880 --> 00:40:03,280 Bitcoin, they're guilty of themselves. 716 00:40:03,280 --> 00:40:07,520 They're projecting onto US what it is they are guilty 717 00:40:07,600 --> 00:40:10,480 themselves. That's my stance on the Fed bro, 718 00:40:10,800 --> 00:40:13,400 because this is some crazy stuff. 719 00:40:13,800 --> 00:40:17,360 Anyway, every people in the chat are all agreeing it is actually 720 00:40:17,360 --> 00:40:20,440 a cartel by definition. Like, you know, like this is 721 00:40:20,440 --> 00:40:23,080 this is crazy, man. This is some crazy stuff. 722 00:40:23,320 --> 00:40:26,480 And I applaud the Bitcoin senator for going up there 723 00:40:26,480 --> 00:40:29,640 bravely and just telling the Senate, you know, we're 724 00:40:29,640 --> 00:40:32,440 basically playing a game of whack A mole, right? 725 00:40:32,440 --> 00:40:35,680 And we can't find out what the F is going on. 726 00:40:35,880 --> 00:40:38,560 We can't get the truth out of this institution. 727 00:40:38,560 --> 00:40:42,720 So I'm really glad we have, you know, a senator that's actually 728 00:40:42,720 --> 00:40:45,480 highlighting what's going on and, and she's sitting on the 729 00:40:45,600 --> 00:40:47,480 and on the Banking Committee too. 730 00:40:47,720 --> 00:40:51,400 So it's, it's perfect, right? So anyways, guys, I think the, 731 00:40:51,400 --> 00:40:56,280 the veil is being uncovered. I think the very legitimacy of 732 00:40:56,280 --> 00:40:58,600 this institution is being questioned. 733 00:40:59,120 --> 00:41:03,520 The Overton window is shifting. It needs to continue to shift 734 00:41:03,800 --> 00:41:07,960 and people need to wake the F up and realize that this 735 00:41:07,960 --> 00:41:11,920 institution is not accountable to anyone. 736 00:41:12,280 --> 00:41:16,600 And we need to wake the F up and realize that now we have a 737 00:41:16,680 --> 00:41:21,960 better system, an open protocol of which we don't have to play 738 00:41:22,240 --> 00:41:26,720 the trust me bro model. We can play the don't trust me 739 00:41:26,720 --> 00:41:31,880 Bro verify model, which I think is a much superior model. 740 00:41:32,080 --> 00:41:37,040 And someone in the chat said they already basically, I can't, 741 00:41:37,040 --> 00:41:40,200 I don't know if I could say that, but they basically said 742 00:41:40,200 --> 00:41:44,680 that like, look like they took over the United States in 1913. 743 00:41:45,280 --> 00:41:47,720 What more do we need to build an alternative? 744 00:41:47,720 --> 00:41:51,600 Like I, I completely agree. I mean, the whole history of 745 00:41:51,600 --> 00:41:54,920 that institution is obscure. It's cloak and dagger. 746 00:41:55,240 --> 00:41:58,320 It's not open, it's not transparent. 747 00:41:58,320 --> 00:42:02,400 It's not public, right? They say, they keep saying how 748 00:42:02,640 --> 00:42:05,680 Bitcoin is private money. That's a projection. 749 00:42:05,880 --> 00:42:10,520 That's a projection. Our money is more public than 750 00:42:10,520 --> 00:42:13,640 their money. If you try to make more dollars, 751 00:42:14,080 --> 00:42:18,480 that's counterfeiting. Anyone can make more Bitcoin as 752 00:42:18,480 --> 00:42:20,920 long as you pay for the electricity, right? 753 00:42:21,280 --> 00:42:27,560 So, yeah, I mean, this is, you know, this is, this is I'm, I'm 754 00:42:27,560 --> 00:42:29,760 very glad Senator Lummus is on our team. 755 00:42:29,760 --> 00:42:31,240 Opti, what's your take on all this? 756 00:42:31,240 --> 00:42:36,240 Bro Yeah, Well, I mean, first of all, of course I'm, I'm glad 757 00:42:36,240 --> 00:42:40,200 Senator Lummus is a bitcoiner. I think she's, she's doing her 758 00:42:40,200 --> 00:42:42,560 best. And I think it's, it's doing a 759 00:42:42,560 --> 00:42:45,200 good job to kind of, as Nika like to say, move the Overton 760 00:42:45,200 --> 00:42:47,600 window. Though I think I'm a little more 761 00:42:47,600 --> 00:42:51,400 cynical in regards to the what we're seeing from the 762 00:42:51,400 --> 00:42:54,320 politicians and the Fed. I, I just keep getting reminded 763 00:42:54,320 --> 00:42:57,520 of Scott Besson and Jerome Powell literally have lunch 764 00:42:57,520 --> 00:42:59,240 every Monday. So like they're literally in 765 00:42:59,240 --> 00:43:05,880 lunch like right now. So there is no there this, you 766 00:43:05,880 --> 00:43:09,360 know, independence and we need to kind of put them in check. 767 00:43:09,360 --> 00:43:11,040 Like by default, it's not federal. 768 00:43:11,040 --> 00:43:14,760 It has no reserves. I, I don't think it really is 769 00:43:14,760 --> 00:43:17,120 independent. The, I think we did that article 770 00:43:17,120 --> 00:43:19,720 the other day of like the independence is a myth. 771 00:43:20,720 --> 00:43:26,000 I, I don't think they are actually acting nefarious per 772 00:43:26,000 --> 00:43:27,320 SE. Like I don't, I don't think 773 00:43:27,320 --> 00:43:29,840 they're doing anything that the Trump administration doesn't 774 00:43:29,840 --> 00:43:32,080 want them to do. I think Scott Besson and Jerome 775 00:43:32,080 --> 00:43:35,640 Powell are kind of doing a really good coordination right 776 00:43:35,640 --> 00:43:38,040 now. And hey, Jerome Powell is being 777 00:43:38,040 --> 00:43:39,920 the scapegoat. Like he's the bad guy right now. 778 00:43:40,400 --> 00:43:42,680 Now, do I necessarily believe in the Fed? 779 00:43:42,680 --> 00:43:44,400 No, you know me, I'm a bitcoiner. 780 00:43:44,400 --> 00:43:46,480 I think there needs to be the separation of money and state. 781 00:43:46,480 --> 00:43:48,160 I don't believe in central banks at all. 782 00:43:48,520 --> 00:43:52,240 But I don't, I think this is more coordinated than then we're 783 00:43:52,240 --> 00:43:55,640 led to believe. Now, does Senator Lummis, is she 784 00:43:55,640 --> 00:43:57,480 in on that? It's I don't think so. 785 00:43:58,280 --> 00:44:01,120 So like what she's doing, I think is really good to kind of 786 00:44:01,120 --> 00:44:04,320 wake up the masses out there and kind of show everyone out there 787 00:44:04,320 --> 00:44:07,360 if they're following politics that, hey, there is something 788 00:44:07,360 --> 00:44:09,920 wrong with the Fed. There is, you know, as Thomas 789 00:44:09,920 --> 00:44:12,320 Sowell used to say, you know, there is a cancer there, which 790 00:44:12,320 --> 00:44:14,280 is the Fed. And when you remove it, you 791 00:44:14,280 --> 00:44:16,480 don't put a, you know, you don't put a new tumor in. 792 00:44:16,760 --> 00:44:19,000 So maybe I'm a little more cynical here. 793 00:44:19,000 --> 00:44:22,320 Again, I, I do take a lot of this from what Tom Luongo has 794 00:44:22,320 --> 00:44:26,280 been saying for a long time is I think there's more of a 795 00:44:26,280 --> 00:44:29,520 coordinated dance being played right now by Scott Besson and 796 00:44:29,520 --> 00:44:33,520 Jerome Powell together to essentially drive a lot of pain 797 00:44:33,520 --> 00:44:35,440 to European markets. And I think they're doing a 798 00:44:35,440 --> 00:44:36,760 great job doing that. Now. 799 00:44:36,960 --> 00:44:39,720 I know Trump and Jerome Powell have been kind of publicly 800 00:44:39,720 --> 00:44:43,720 beefing, but I think that this is it's reminds me of the, you 801 00:44:43,720 --> 00:44:46,640 know, world, the wrestling term. It reminds me of keyfab. 802 00:44:46,640 --> 00:44:50,600 Like they they are it's, it's all it's all a show right now. 803 00:44:50,600 --> 00:44:52,320 That's kind of my take on all of this. 804 00:44:52,320 --> 00:44:56,520 But that whole speech that Senator Lemons did was, was 805 00:44:56,520 --> 00:44:58,280 great. I think she did a great job. 806 00:44:58,280 --> 00:45:00,960 She thoroughly destroyed the Fed, which is what we always 807 00:45:00,960 --> 00:45:03,520 talk about here. But it's very interesting that 808 00:45:03,520 --> 00:45:07,480 Main Street or, you know, retail or just the average person just 809 00:45:07,520 --> 00:45:10,280 really tunes it out. Like if you talk to an average 810 00:45:10,280 --> 00:45:12,760 person about ending the Fed, they probably don't care at all. 811 00:45:12,760 --> 00:45:16,240 They they're probably more focused on what they would say 812 00:45:16,240 --> 00:45:19,360 are bigger problems right now. But from our perspective, they 813 00:45:19,360 --> 00:45:21,880 are the biggest problem. They're destroying our 814 00:45:21,880 --> 00:45:26,120 purchasing power and they do ACT quote UN quote independently and 815 00:45:26,120 --> 00:45:28,440 they can do whatever they want and then we just have to kind of 816 00:45:28,440 --> 00:45:31,160 deal with it. But I am kind of on the side 817 00:45:31,160 --> 00:45:34,520 that I think Scott Besson and Jerome Jerome Power kind of 818 00:45:35,080 --> 00:45:38,560 they're doing a a coordinated dance right now and I think it's 819 00:45:38,560 --> 00:45:42,000 working very well. Yeah, one 100% man. 820 00:45:42,000 --> 00:45:44,320 I mean, I, I, I, I don't know I I don't know Opti. 821 00:45:44,320 --> 00:45:45,920 You think you think this is on purpose? 822 00:45:45,920 --> 00:45:49,520 You think it's all like a you're really on the Tom Luongo Cam I. 823 00:45:49,640 --> 00:45:53,720 Really am like again. Look, I'm not I I'm becoming a 824 00:45:53,720 --> 00:45:57,920 more macro guy now and. Opti is the in house macro. 825 00:45:58,080 --> 00:46:04,160 Dude, well, we got problems here, you know, But I'm not the 826 00:46:04,160 --> 00:46:06,520 only one that's saying it. Like Tom Luongo has been saying 827 00:46:06,520 --> 00:46:09,520 it for a long time. Mark Moss just recently came out 828 00:46:09,520 --> 00:46:12,280 and said the same thing. He's calling it the Mar a Lago 829 00:46:12,280 --> 00:46:13,880 Accords. Like, what he's seeing Scott 830 00:46:13,880 --> 00:46:19,080 Besson do and Jerome Powell do currently is essentially to 831 00:46:19,080 --> 00:46:23,400 bankrupt the European Union. And it's working marvelously 832 00:46:23,400 --> 00:46:26,000 right now. Like a lot of this pressure, 833 00:46:26,000 --> 00:46:29,200 like, I know Trump wants to lower interest rates, but the 834 00:46:29,200 --> 00:46:32,280 fact that Jerome Powell has been able to maintain the interest 835 00:46:32,280 --> 00:46:35,680 rates that we have right now is really, really becoming a 836 00:46:35,680 --> 00:46:39,360 headache for European markets. And you can see that the EU 837 00:46:39,360 --> 00:46:40,800 leaders are scrambling right now. 838 00:46:40,800 --> 00:46:43,480 This is why you're seeing Christine Lagarde scramble from 839 00:46:43,480 --> 00:46:44,960 our control. This is why they're going for 840 00:46:44,960 --> 00:46:48,160 more CBD CS. The EU is getting cooked right 841 00:46:48,160 --> 00:46:50,800 now. And like, I don't like the Fed. 842 00:46:50,800 --> 00:46:54,440 I'm, I've never really been a Jerome Powell fan, but I think 843 00:46:54,440 --> 00:46:55,960 he's doing a great job right now. 844 00:46:55,960 --> 00:46:59,920 If if this is really about American sovereignty and Trump 845 00:46:59,920 --> 00:47:03,160 is kind of maybe he's doing kind of some theatrics here. 846 00:47:03,160 --> 00:47:05,040 And it's like, I don't want this to happen. 847 00:47:05,040 --> 00:47:07,000 But again, we know what they want. 848 00:47:07,000 --> 00:47:13,040 They want to continue to drive independence in the US dollar. 849 00:47:13,400 --> 00:47:16,200 What how they can do that is they got to kill the the euro 850 00:47:16,200 --> 00:47:18,480 dollar markets, which they're doing. 851 00:47:18,480 --> 00:47:21,160 That's what Tom Malonga has been covering for a long time. 852 00:47:21,600 --> 00:47:25,640 And they Trump really does want lowered interest rates because 853 00:47:25,640 --> 00:47:27,600 he wants that money to slosh around. 854 00:47:27,600 --> 00:47:30,560 And so they need the Dixie to go down. 855 00:47:31,000 --> 00:47:33,680 They got to make sure that interest rates on bonds don't 856 00:47:33,680 --> 00:47:38,560 spike and they got to make sure that, you know, he wants those 857 00:47:38,600 --> 00:47:41,760 those rates lower. And This is why they're pushing 858 00:47:41,760 --> 00:47:43,960 for stable coins. And This is why they want 859 00:47:43,960 --> 00:47:46,280 Bitcoin to RIP as high as they want it to RIP. 860 00:47:46,560 --> 00:47:49,920 Like it when you think of it in this context, it all just kind 861 00:47:49,920 --> 00:47:52,440 of plays out like theater. And I, and I think this is kind 862 00:47:52,440 --> 00:47:55,880 of the public theatrics is like make Jerome Powell the bad guy. 863 00:47:56,520 --> 00:47:59,840 We all know he has publicly stated or rather been publicly 864 00:47:59,840 --> 00:48:01,880 quoted as saying that he wants to stop Trump. 865 00:48:01,880 --> 00:48:05,480 So I don't, I think, you know, I hate to say it, but I do think 866 00:48:05,480 --> 00:48:09,520 Jerome Powell is trying to look out for the US best interest. 867 00:48:10,000 --> 00:48:13,120 And I think he is kind of being made a scapegoat though in 868 00:48:13,120 --> 00:48:16,000 general, by default, I'm not a fan of the Fed at all. 869 00:48:16,280 --> 00:48:19,400 So, you know, I, I'm of two minds here. 870 00:48:19,480 --> 00:48:22,480 And like, again, if you guys want to read more or hear more 871 00:48:22,480 --> 00:48:25,560 of this, like listen to the interview that Nico did with 872 00:48:25,560 --> 00:48:27,360 Mark Moss. He laid it out perfectly. 873 00:48:27,440 --> 00:48:29,640 And then you can go down whatever rabbit hole you want. 874 00:48:29,640 --> 00:48:32,000 But it's becoming very clear what's going on here. 875 00:48:32,440 --> 00:48:35,560 And I don't think Jerome Powell was necessarily the bad guy. 876 00:48:36,160 --> 00:48:38,560 He's a bad guy by default because he's a central banker, 877 00:48:38,560 --> 00:48:40,920 but I don't think he's the bad guy that Trump makes him out to 878 00:48:40,920 --> 00:48:43,920 be anyways. Anyways, we did get a super chat 879 00:48:43,920 --> 00:48:47,080 shout out to Stussy because we are seven months into the year. 880 00:48:47,080 --> 00:48:50,800 Let's get serious about year end price targets. 250K is mine all. 881 00:48:50,920 --> 00:48:52,120 Right. Boom, we should do some. 882 00:48:52,200 --> 00:48:59,760 Air horns for that. Bro and some stussy 50K. 883 00:48:59,760 --> 00:49:01,720 Oh someone's someone's being bearish bro. 884 00:49:01,720 --> 00:49:05,120 What do you mean 50K? Get out of the chat 50. 885 00:49:05,440 --> 00:49:08,200 K And I'm going to end this poll. 886 00:49:08,200 --> 00:49:14,560 Is the era of Bitcoin parabolas. Over 69% of you guys said no. 887 00:49:15,280 --> 00:49:17,120 And I I agree. I'm part of that. 888 00:49:17,120 --> 00:49:21,880 I'm part of that group of people that agree, that agrees with you 889 00:49:21,880 --> 00:49:23,680 guys. I don't think the era of Bitcoin 890 00:49:23,680 --> 00:49:26,480 parabolas is over. Anyways, guys, we have an 891 00:49:26,480 --> 00:49:28,200 incredible show lined up for you. 892 00:49:28,200 --> 00:49:30,160 We still have a ton to talk about. 893 00:49:30,160 --> 00:49:31,440 We're going to hit the news segment. 894 00:49:31,440 --> 00:49:33,920 We're going to be right back in just one second. 895 00:49:35,320 --> 00:49:36,920 I want to give a shout out to our partner. 896 00:49:37,000 --> 00:49:40,000 Let in the leader in Bitcoin back loans. 897 00:49:40,200 --> 00:49:43,520 Unlock the liquidity in your Bitcoin without having to sell 898 00:49:43,520 --> 00:49:46,240 your Bitcoin. They've issued $9 billion in 899 00:49:46,240 --> 00:49:49,960 loans to over 10,000 customers since 2018. 900 00:49:50,160 --> 00:49:53,080 I absolutely love these guys. Not only do I have an account 901 00:49:53,080 --> 00:49:55,000 with them, but I also have a loan. 902 00:49:55,160 --> 00:49:57,640 And what I love about them is that there are no monthly 903 00:49:57,640 --> 00:50:00,640 payments and you could pay back the loan at any time. 904 00:50:00,960 --> 00:50:03,920 As soon as you send your Bitcoin as collateral, you'll have cash 905 00:50:03,920 --> 00:50:05,960 in your account within 20 4 hours. 906 00:50:06,200 --> 00:50:11,040 Over 1005 star customer reviews and they've never lost a single 907 00:50:11,040 --> 00:50:16,040 dollar or sat of customer money. Go to learn dot leaden dot IO 908 00:50:16,160 --> 00:50:20,840 simply today and you'll get .25% off your first loan. 909 00:50:21,760 --> 00:50:25,160 I want to give a shout out to our partnersat123.com. 910 00:50:25,280 --> 00:50:27,840 Sovereignty isn't just about your money, it's about your 911 00:50:27,840 --> 00:50:30,920 communications too. When the grid goes down, most 912 00:50:30,920 --> 00:50:33,840 people go dark. Cell towers fail and hurricanes, 913 00:50:33,840 --> 00:50:36,800 cyber attacks and blackouts. But satellite phones, they don't 914 00:50:36,800 --> 00:50:40,840 rely on local infrastructure. Iridium has 77 satellites in 915 00:50:40,840 --> 00:50:44,160 orbit, giving you a Direct Line anywhere in the US, even 916 00:50:44,160 --> 00:50:46,240 offshore. If you hold your own Bitcoin 917 00:50:46,240 --> 00:50:51,000 keys, you should hold your own commstoosat123.com also has 918 00:50:51,040 --> 00:50:53,360 everything you need need to start building your Bitcoin. 919 00:50:53,360 --> 00:50:57,520 Citadel, Starlink, battery backups, Faraday bags to protect 920 00:50:57,520 --> 00:50:59,800 your hardware wallets and much much more. 921 00:50:59,840 --> 00:51:03,880 It's a one stop shop for anyone serious about resilience and off 922 00:51:03,880 --> 00:51:06,200 grid independence. Stay connected, stay 923 00:51:06,200 --> 00:51:11,120 independent, stay sovereign. Go to sat123.com/simply today 924 00:51:11,320 --> 00:51:15,760 and use promo code simply to get 15% off anything on the store. 925 00:51:25,560 --> 00:51:28,760 Wait, Nico, Nico, before you go. Oh, what happened? 926 00:51:28,760 --> 00:51:29,960 Did our camera die? No. 927 00:51:30,240 --> 00:51:31,160 Did it? Yeah, I think it's. 928 00:51:31,360 --> 00:51:33,880 I think it's. Oh, it's not plugged in. 929 00:51:34,480 --> 00:51:37,560 OK, all right, well, while while we're doing that, we're fixing 930 00:51:37,560 --> 00:51:41,440 the camera. Shout out to Ron P $10.00 for 931 00:51:41,440 --> 00:51:46,720 the Opti Mayo and Coffee fund. Yes, Chipotle Mayo from Porsche 932 00:51:46,920 --> 00:51:49,640 is delicious and coffee is the GOAT. 933 00:51:50,360 --> 00:51:52,240 Sorry guys, we're fixing the camera right now. 934 00:51:52,240 --> 00:51:55,720 It wait a second. Maybe it's not plugged in. 935 00:51:56,720 --> 00:52:00,000 It's not plugged in. All right, guys, rookie move. 936 00:52:00,000 --> 00:52:02,520 Rookie move. We're coming back. 937 00:52:02,520 --> 00:52:05,440 We're coming back, dude, it's a Monday. 938 00:52:05,560 --> 00:52:08,880 It's feeling like a Monday. All right, you're gonna have to 939 00:52:08,880 --> 00:52:11,600 give it a minute. Let's we could just switch to 940 00:52:11,600 --> 00:52:15,840 our computer for a second. I mean, it's just gonna take a 941 00:52:15,840 --> 00:52:19,120 minute before it charges or just pull something up. 942 00:52:19,120 --> 00:52:24,760 Pull this up all right, just full screen it. 943 00:52:24,760 --> 00:52:27,440 Just full screen it and then I'll get the camera going. 944 00:52:29,200 --> 00:52:31,360 Full screen your source full screen your source. 945 00:52:32,960 --> 00:52:37,360 This guy what a rookie. There he is. 946 00:52:40,160 --> 00:52:41,800 All right here I'll deal with the camera all. 947 00:52:42,160 --> 00:52:46,440 Right, we are back. What happened? 948 00:52:46,440 --> 00:52:48,480 That's so weird. It's a Monday, bro. 949 00:52:48,480 --> 00:52:52,440 It's it's a Monday. Anyways, guys, let's jump 950 00:52:52,440 --> 00:52:56,120 straight into the news while Opti tries to figure this out 951 00:52:56,640 --> 00:53:00,960 and we roll with the punches. We're good. 952 00:53:02,840 --> 00:53:06,040 All right, we're going to switch back to the original camera 953 00:53:06,040 --> 00:53:12,880 anyways, we had this tweet or this post by Josh Mandel. 954 00:53:12,880 --> 00:53:16,640 Oh, man, is it plugged in? It plugged in. 955 00:53:24,840 --> 00:53:34,360 Here, hold on, it's not working well, it's not working on our 956 00:53:34,360 --> 00:53:36,560 side. All right, let's jump into the 957 00:53:36,560 --> 00:53:41,640 news all right, so this is kind of covering the recent price 958 00:53:41,640 --> 00:53:44,560 action. The markets heat and then they 959 00:53:44,560 --> 00:53:48,920 cool of this, you know for sure and when the temp drops too too 960 00:53:48,920 --> 00:53:51,200 damn much the printer it goes Burr. 961 00:53:51,680 --> 00:53:55,400 As for the coin, do not fear. I know how this will end. the 962 00:53:55,400 --> 00:53:59,400 Fed shall seek they shall find the data on which they depend 963 00:53:59,760 --> 00:54:02,280 and worse to realize they're now behind. 964 00:54:02,480 --> 00:54:05,280 Here's a little hint. We'll find a way out of this 965 00:54:05,280 --> 00:54:08,360 bind. Just wait for the big print. 966 00:54:09,080 --> 00:54:15,120 Very very nice. Also, I thought this data point 967 00:54:15,120 --> 00:54:19,360 was quite interesting. We're back to OG status. 968 00:54:19,360 --> 00:54:25,840 I like this next to each other. So Fred Krueger says who owns 969 00:54:25,840 --> 00:54:29,280 Bitcoin? Bitcoin is mainly AUS thing, 970 00:54:29,280 --> 00:54:31,280 which I find really, really interesting, right? 971 00:54:32,440 --> 00:54:36,600 Europe is really not involved. So if you take a look at the 972 00:54:36,600 --> 00:54:43,480 total supply, most of Bitcoin is held by the United States. 973 00:54:43,880 --> 00:54:48,160 I mean, for better or for worse. I mean, I I don't know how you 974 00:54:48,160 --> 00:54:51,560 feel about that Opti, because I think it's definitely really bad 975 00:54:51,560 --> 00:54:53,400 from a decentralization standpoint. 976 00:54:54,720 --> 00:54:57,400 Yeah, yeah. Let me let me look at this real 977 00:54:57,400 --> 00:54:59,600 quick. That does. 978 00:55:24,520 --> 00:55:27,960 The biggest kind of participants in this market, whether that's 979 00:55:27,960 --> 00:55:33,600 by company ETFs, the US is holding self custody by 980 00:55:33,600 --> 00:55:37,440 individuals and you could say that that's probably because we 981 00:55:37,440 --> 00:55:40,000 are the richest nation and we have the money printed to back 982 00:55:40,040 --> 00:55:41,960 us. You know I'm I'm I'm not going 983 00:55:41,960 --> 00:55:45,560 to not say that but let me let's see the global. 984 00:55:46,360 --> 00:55:48,760 I think this is right. I think this is totally right. 985 00:55:49,280 --> 00:55:52,520 Most of the Bitcoin is being held in custody by. 986 00:55:54,880 --> 00:56:00,080 Individuals, yeah, but I mean dude like percentage of total 987 00:56:00,080 --> 00:56:06,280 Bitcoin, 7.8 million retail ETFs, institutions, custody 988 00:56:07,000 --> 00:56:11,200 India holds 1% or 5% what, 1,000,000? 989 00:56:11,200 --> 00:56:12,680 What do you want the opposite to do? 990 00:56:13,480 --> 00:56:16,360 I mean, I would rather it be a little bit decentralized. 991 00:56:16,440 --> 00:56:18,120 Dude, everyone's just being late. 992 00:56:18,120 --> 00:56:20,160 They're just late adopters. I would rather it be 993 00:56:20,160 --> 00:56:22,000 decentralized. I I don't it's totally 994 00:56:22,000 --> 00:56:24,120 decentralized. I don't want it to just be in 995 00:56:24,120 --> 00:56:27,160 one like 1 country. Dude, we're just the Bitcoin 996 00:56:27,160 --> 00:56:32,120 superpower of the world. And you call me the maggotard 997 00:56:32,120 --> 00:56:34,440 bro? Hey dude, I'll steal his memes 998 00:56:34,440 --> 00:56:38,800 any day. So anyhow, OK, so I thought you 999 00:56:38,800 --> 00:56:40,080 guys would find that interesting. 1000 00:56:40,120 --> 00:56:43,120 Now let's jump into the big news for today. 1001 00:56:43,440 --> 00:56:49,080 Fed Governor Krugler resigns, giving Trump vacancy Federal 1002 00:56:49,080 --> 00:56:52,680 Reserve Governor Adriana Kugler will resign her job next week, 1003 00:56:52,680 --> 00:56:56,680 the Fed said in an announcement, giving President Trump an early 1004 00:56:56,680 --> 00:57:00,440 opportunity to appoint a favored candidate for potential 1005 00:57:00,440 --> 00:57:05,040 leadership of the central bank. Here's Caitlin Long responding 1006 00:57:05,040 --> 00:57:07,680 to it, says the question is again whether Trump will 1007 00:57:07,680 --> 00:57:12,880 actually fire Powell. The Board of Governors is 4 to 3 1008 00:57:12,920 --> 00:57:16,920 Dems, Repubs. So firing Powell wouldn't have 1009 00:57:16,920 --> 00:57:20,680 given Trump a GOP majority. But now that Coogler is 1010 00:57:20,680 --> 00:57:25,160 voluntarily stepping down the calculus, that calculus just 1011 00:57:25,160 --> 00:57:27,640 changed. So it's quite interesting. 1012 00:57:28,600 --> 00:57:31,480 And then OPDI, I want to get your thoughts on that before I 1013 00:57:31,480 --> 00:57:34,680 move on to the next. Bit yeah, well, I think the big 1014 00:57:34,680 --> 00:57:38,240 take away from this is, well, really the most interesting part 1015 00:57:38,240 --> 00:57:43,120 about this is kind of speculating on why she resigned 1016 00:57:43,120 --> 00:57:45,760 when she did, especially when there's been a lot of 1017 00:57:45,760 --> 00:57:48,120 conversations about Jerome Powell resigning. 1018 00:57:48,120 --> 00:57:51,160 That's been like the rumor for the last couple of weeks, and 1019 00:57:51,160 --> 00:57:55,680 she kind of stepped down now. I think the implications of this 1020 00:57:55,680 --> 00:57:57,840 playing out now are very interesting. 1021 00:57:58,200 --> 00:58:00,920 So so, you know, Trump's going to obviously put someone in 1022 00:58:00,920 --> 00:58:04,280 there that they have to vote on, but he's that's going to be 1023 00:58:04,280 --> 00:58:07,360 favorable to Trump. And if this is the case, you 1024 00:58:07,360 --> 00:58:09,760 know what it's going to be 3 three for three, right? 1025 00:58:10,160 --> 00:58:13,720 It's going to be completely tied now with the new person coming 1026 00:58:13,720 --> 00:58:16,600 in. And from my perspective, what 1027 00:58:16,600 --> 00:58:19,520 that means is lowered interest rates and money printed is going 1028 00:58:19,520 --> 00:58:22,440 to go Burr. So like I, you know, whether 1029 00:58:22,440 --> 00:58:26,160 this is a good thing for everyone is up for debate. 1030 00:58:26,320 --> 00:58:29,280 It's really probably not going to be a good thing for everyone. 1031 00:58:29,280 --> 00:58:32,560 Of course, the more money they print, the, the more your 1032 00:58:32,560 --> 00:58:36,360 purchasing power gets destroyed. But on the flip side, if you are 1033 00:58:36,360 --> 00:58:38,720 holding assets, if you're holding Bitcoin, the more money 1034 00:58:38,720 --> 00:58:41,440 they print, the more Bitcoin number go up. 1035 00:58:41,440 --> 00:58:45,360 So I think now it's going to be very interesting considering 1036 00:58:45,360 --> 00:58:48,160 it's going to be tied. And then what is going to happen 1037 00:58:48,160 --> 00:58:50,720 with Jerome Powell? Is he going to step down? 1038 00:58:50,720 --> 00:58:53,280 Is he going to resign? Are the Trump administration 1039 00:58:53,280 --> 00:58:55,080 going to be able to basically fire him? 1040 00:58:55,400 --> 00:58:56,680 Now? It starts to get really 1041 00:58:56,680 --> 00:59:00,680 interesting because if Jerome Powell leaves as well, then I'm 1042 00:59:00,680 --> 00:59:04,160 guessing it's going to be heavily favored in Trump's 1043 00:59:04,160 --> 00:59:07,280 direction. And we'll see if there really is 1044 00:59:07,280 --> 00:59:09,880 some independence there. I know Besson's been talking 1045 00:59:09,880 --> 00:59:13,000 about basically corralling the Fed for a while now. 1046 00:59:13,000 --> 00:59:17,040 And if they are more, you know, symbiotic here, then they're 1047 00:59:17,040 --> 00:59:18,520 going to do whatever Trump wants. 1048 00:59:18,520 --> 00:59:21,160 Lowered interest rates turn on the money printer, inflate their 1049 00:59:21,160 --> 00:59:23,200 way out of the out of this debt problem. 1050 00:59:24,360 --> 00:59:27,200 If you're not holding Bitcoin right now, you probably should 1051 00:59:27,200 --> 00:59:28,800 be. It seems like everything is 1052 00:59:28,800 --> 00:59:32,480 going in their direction and they're about to do the hugest, 1053 00:59:32,760 --> 00:59:37,720 most massive big print possible. So, you know, on the one hand, I 1054 00:59:37,720 --> 00:59:40,720 don't want to see everyone get destitute and poor out there 1055 00:59:40,720 --> 00:59:42,520 because they're going to get their purchasing power 1056 00:59:42,520 --> 00:59:45,160 destroyed. On the other hand, it's going to 1057 00:59:45,160 --> 00:59:47,840 pump assets up, bro. And we got the fastest race in 1058 00:59:47,840 --> 00:59:51,360 the horse. So, you know, it's not 1059 00:59:51,360 --> 00:59:55,520 necessarily a good thing, but it's going to pump. 1060 00:59:55,920 --> 01:00:00,040 It's going to pump Bitcoin. So on that front, hey, I don't 1061 01:00:00,040 --> 01:00:02,920 know, man. Hands up, wash my hands like you 1062 01:00:02,920 --> 01:00:07,160 know, upon his pilot here. Whoa whoa, biblical references 1063 01:00:07,160 --> 01:00:09,440 here we're going biblical. All right, guys, if you guys are 1064 01:00:09,440 --> 01:00:13,120 enjoying the show so far, it is a Monday smash that like button 1065 01:00:13,120 --> 01:00:20,920 485 live viewers on YouTube, 1500 on X and about 100 or so 1066 01:00:20,920 --> 01:00:23,520 watching live on rumble. If you guys are enjoying today's 1067 01:00:23,520 --> 01:00:28,280 simply Bitcoin live smash that like button really, really helps 1068 01:00:28,280 --> 01:00:31,520 with the algos to push our message forward. 1069 01:00:32,120 --> 01:00:34,640 Moving on to the next piece of news. 1070 01:00:34,800 --> 01:00:38,880 So Opti and I actually played this video for you guys on 1071 01:00:39,960 --> 01:00:42,280 Friday and. They naked our show, just naked. 1072 01:00:42,480 --> 01:00:46,400 The show completely It was 100 what? 1073 01:00:47,560 --> 01:00:49,400 Go, go, go and. Then it was 100 I. 1074 01:00:49,520 --> 01:00:52,400 Got some? Speculation 100 Live viewers 1075 01:00:52,400 --> 01:00:55,880 just dropped off the face of the radar. 1076 01:00:57,000 --> 01:01:00,960 And that usually never happens to us, so we were kind of making 1077 01:01:00,960 --> 01:01:03,880 jokes about it. Listen, you guys don't like 1078 01:01:03,880 --> 01:01:06,800 musicals. I appreciate the amount of 1079 01:01:06,800 --> 01:01:11,760 coordination and art that goes into musicals and I and I could 1080 01:01:11,760 --> 01:01:15,680 appreciate the art form. It's just not something that I 1081 01:01:15,680 --> 01:01:17,920 would I I personally resonate with. 1082 01:01:17,920 --> 01:01:19,880 I've been to musicals. I like them. 1083 01:01:19,880 --> 01:01:23,200 I like, again, it takes a lot of art, man. 1084 01:01:23,200 --> 01:01:25,960 It takes a lot of talent to practice to get really good at 1085 01:01:25,960 --> 01:01:29,680 them. So I understand that right. 1086 01:01:30,040 --> 01:01:34,720 But at the same time, you know, I just I, I, I just I me and 1087 01:01:34,720 --> 01:01:36,920 Opti were just it wasn't our cup of tea. 1088 01:01:36,920 --> 01:01:39,560 In turn, I didn't mean to make that joke, but it wasn't our 1089 01:01:39,560 --> 01:01:41,840 cup. It wasn't our cup of tea in 1090 01:01:41,840 --> 01:01:45,360 terms of the types of ads that we like to that we like to 1091 01:01:45,360 --> 01:01:50,000 consume Like we, we like, we, I loved the Federal Reserve ads. 1092 01:01:50,000 --> 01:01:52,720 Like this is how much dollars they've printed in a year. 1093 01:01:52,920 --> 01:01:55,480 And it's like, you can't, you can't afford a house. 1094 01:01:55,640 --> 01:01:58,800 Like, you know, like it was all these things and I was selling 1095 01:01:58,800 --> 01:02:00,440 off the like, I really like those ads. 1096 01:02:00,440 --> 01:02:03,280 Those ads punched really hard. Like they were really good. 1097 01:02:03,760 --> 01:02:06,600 But for some reason this Coinbase one didn't really 1098 01:02:06,600 --> 01:02:08,840 resonate with me. Now here's Brian Armstrong, the 1099 01:02:08,840 --> 01:02:11,560 CEO of Coinbase, and he says our ad, which got banned in the UK 1100 01:02:11,560 --> 01:02:14,840 by the TV networks has sparked a quite a reaction. 1101 01:02:15,160 --> 01:02:18,720 If you can't say it, then there must be a kernel of truth in it. 1102 01:02:19,040 --> 01:02:22,680 Needing to update the system and improve society is not a 1103 01:02:22,680 --> 01:02:25,320 political statement on either party in the UK. 1104 01:02:25,520 --> 01:02:29,600 Some have tried to turn it, turn it into this, and it's not 1105 01:02:29,600 --> 01:02:33,160 specific to the UK. We ran ads with similar themes 1106 01:02:33,160 --> 01:02:35,560 in the US. It's a statement about how the 1107 01:02:35,560 --> 01:02:39,400 traditional financial system is not working for many people and 1108 01:02:39,400 --> 01:02:41,960 how crypto represents a way to improve that. 1109 01:02:42,280 --> 01:02:45,640 There are people in the UK who still think of crypto as some 1110 01:02:45,640 --> 01:02:49,440 kind of gambling product, a very outdated view, and have 1111 01:02:49,440 --> 01:02:52,360 completely missed the potential of crypto, which is to update 1112 01:02:52,360 --> 01:02:55,040 and improve the financial system for the benefit of everyone. 1113 01:02:55,400 --> 01:02:58,520 We will welcome the attacks and any other attempts to censor 1114 01:02:58,520 --> 01:03:01,880 this message as it just helps it spread now. 1115 01:03:01,880 --> 01:03:05,640 OK, two things can be true at the same time. 1116 01:03:07,920 --> 01:03:15,160 As Bitcoiners, we do believe that crypto is very speculative. 1117 01:03:15,280 --> 01:03:20,120 We do believe that everything loses value as it compares to 1118 01:03:20,120 --> 01:03:23,000 Bitcoin. I think cryptos are oscillators 1119 01:03:23,000 --> 01:03:25,880 at best, right? But they all tend to lose value 1120 01:03:25,880 --> 01:03:30,280 as it compares to Bitcoin. So does that mean that you can't 1121 01:03:30,280 --> 01:03:33,280 gamble on one and win some money? 1122 01:03:34,200 --> 01:03:37,640 Of course you can. Many people have, we don't 1123 01:03:37,640 --> 01:03:39,880 recommend it. We take, we take the low time 1124 01:03:39,880 --> 01:03:43,280 preference type of approach. But again, it's your money. 1125 01:03:43,280 --> 01:03:44,680 You could do whatever you want with it. 1126 01:03:46,200 --> 01:03:50,400 So I think Brian Armstrong's framing of like crypto is going 1127 01:03:50,400 --> 01:03:53,640 to fix the financial system. I think that's wrong. 1128 01:03:53,640 --> 01:03:56,240 I think Bitcoin is going to fix the financial system. 1129 01:03:56,480 --> 01:04:00,200 I think Bitcoin is already an alternative financial system 1130 01:04:00,440 --> 01:04:02,120 that doesn't even need to be fixing. 1131 01:04:02,120 --> 01:04:05,360 You could just opt out into Bitcoin and you could start 1132 01:04:05,360 --> 01:04:08,640 living your life and all of a sudden you're going to be start 1133 01:04:08,640 --> 01:04:12,200 living on a deflationary currency and savings and all of 1134 01:04:12,200 --> 01:04:15,000 a sudden everything around you is going to get cheaper to the 1135 01:04:15,000 --> 01:04:17,480 end of time. You could start doing that now. 1136 01:04:18,400 --> 01:04:22,600 So I do admire and I do appreciate the Coinbase ads 1137 01:04:22,600 --> 01:04:25,480 because they're extremely effective in terms of production 1138 01:04:25,480 --> 01:04:29,360 value and in terms of pointing out that the fact that the 1139 01:04:29,360 --> 01:04:32,800 system is broken, right? Because I think everyone agrees 1140 01:04:32,840 --> 01:04:35,000 on that. I think like the, the general 1141 01:04:35,000 --> 01:04:38,280 consensus is everyone feels like something is wrong. 1142 01:04:38,600 --> 01:04:41,000 Like that's a general consensus. And I agree. 1143 01:04:41,400 --> 01:04:44,800 And I think the Coinbase ads are fantastic because they highlight 1144 01:04:45,080 --> 01:04:47,120 that everyone believes something is wrong. 1145 01:04:47,920 --> 01:04:51,960 Where I think Brian gets it wrong is that he's like, crypto 1146 01:04:51,960 --> 01:04:55,680 is going to fix this. It's like dude, buying Pepe coin 1147 01:04:55,680 --> 01:04:59,000 that's down 80% isn't going to fix anything. 1148 01:04:59,000 --> 01:05:02,520 It's if anything, it is going to wreck you 100 times more. 1149 01:05:02,920 --> 01:05:05,320 And what is that? But not gambling, right? 1150 01:05:05,440 --> 01:05:07,440 Like Bitcoin is going to fix this. 1151 01:05:07,440 --> 01:05:12,360 So in a way, in a way he's true like crypto. 1152 01:05:12,760 --> 01:05:17,560 But if you put Bitcoin into the crypto category, but I wouldn't 1153 01:05:17,560 --> 01:05:20,080 say I would say Bitcoin is a crypto. 1154 01:05:20,080 --> 01:05:22,640 But Bitcoin and crypto are not the same. 1155 01:05:23,120 --> 01:05:25,040 Bitcoin and all coins are not the same. 1156 01:05:25,440 --> 01:05:28,920 I think Bitcoin can solve the issues, but only Bitcoin. 1157 01:05:30,280 --> 01:05:32,840 And that's because it's absolute scarcity, that's because it's 1158 01:05:32,840 --> 01:05:35,160 not controlled by anyone. That's because of its 1159 01:05:35,160 --> 01:05:38,640 immutability, that's because of its censorship resistance, 1160 01:05:38,880 --> 01:05:40,880 that's because of its decentralization. 1161 01:05:42,520 --> 01:05:47,480 So I mean, like simultaneously, I think the ad was over the 1162 01:05:47,480 --> 01:05:49,880 target. I think that if you can't talk 1163 01:05:49,880 --> 01:05:53,440 about something, you know, there's a problem. 1164 01:05:53,880 --> 01:05:59,000 I think how governments are acting are it, it's been quite 1165 01:05:59,000 --> 01:06:02,200 interesting, man. Like, you know, I think it's, 1166 01:06:02,240 --> 01:06:05,040 it's, it's really taken off the veil. 1167 01:06:05,280 --> 01:06:06,840 I think that's what Bitcoin has done. 1168 01:06:06,840 --> 01:06:10,760 It's really taken off the veil to what is happening in society. 1169 01:06:12,680 --> 01:06:23,040 And that to me is, you know, is, is interesting because the whole 1170 01:06:23,040 --> 01:06:28,000 point of a government is for it to represent the needs of the 1171 01:06:28,000 --> 01:06:32,520 people, for it to protect private property and for it to 1172 01:06:32,560 --> 01:06:35,560 act in your best interests. Like we don't live in a 1173 01:06:35,560 --> 01:06:39,400 dictatorship. We live in a government of which 1174 01:06:39,400 --> 01:06:44,120 we are supposed to elect and empower in order to represent 1175 01:06:44,160 --> 01:06:49,800 our needs. It's been Frankensteined 100% 1176 01:06:50,440 --> 01:06:54,360 into something that it's that governments don't act like that 1177 01:06:54,360 --> 01:06:57,320 anymore. The way that I see government 1178 01:06:57,320 --> 01:07:03,320 acting now specifically sort of here in the US, but not so much, 1179 01:07:03,320 --> 01:07:06,840 but specifically in Europe, is that they're just kind of like 1180 01:07:07,480 --> 01:07:10,480 go along with it. If you post something on social 1181 01:07:10,480 --> 01:07:15,080 media, you're going to jail. If you do something like, you 1182 01:07:15,080 --> 01:07:20,520 know, again, let's implement these, you know, these, these 1183 01:07:20,520 --> 01:07:25,000 specific cities that you, that you want to live in, you know, 1184 01:07:25,000 --> 01:07:30,320 you can't drive certain cars. Like, look, I think the question 1185 01:07:30,320 --> 01:07:33,360 that Bitcoin is going to reveal is not what is money? 1186 01:07:33,600 --> 01:07:37,360 I think that question, it's getting answered at the moment. 1187 01:07:37,360 --> 01:07:41,800 But I think the real, the really big question is what is 1188 01:07:41,800 --> 01:07:44,760 government and why am I saying this? 1189 01:07:45,120 --> 01:07:57,960 Because we didn't have a better alternative for money before 1190 01:07:57,960 --> 01:08:02,640 Bitcoin. Like you couldn't have a private 1191 01:08:02,640 --> 01:08:06,840 money or you could have, but let's say that it didn't really 1192 01:08:06,840 --> 01:08:10,360 solve things. So people gave that 1193 01:08:10,360 --> 01:08:13,320 responsibility to the state, right? 1194 01:08:13,480 --> 01:08:16,920 The so the state is the one who's responsible for the money 1195 01:08:16,920 --> 01:08:21,160 because the state is supposed to represent the general 1196 01:08:21,160 --> 01:08:25,359 population. So you're like, OK, the the 1197 01:08:25,359 --> 01:08:32,880 government controls the money. The last 100 years has shown how 1198 01:08:32,880 --> 01:08:38,200 many times they've abused that privilege, that power. 1199 01:08:38,399 --> 01:08:46,399 Right now we have a money that is stateless and it doesn't 1200 01:08:46,399 --> 01:08:50,520 require the government in order to function. 1201 01:08:56,330 --> 01:09:00,649 And because of that, it's essentially improved money. 1202 01:09:02,130 --> 01:09:06,529 Now where the clash is going to happen, a prediction. 1203 01:09:09,130 --> 01:09:13,170 And again, it it, it, it reveals, it takes away the veil, 1204 01:09:13,370 --> 01:09:15,050 right? It takes away the veil of 1205 01:09:15,050 --> 01:09:20,520 legitimacy because the whole point of which the government 1206 01:09:20,520 --> 01:09:24,640 has this power of having money and controlling money, it's 1207 01:09:24,640 --> 01:09:26,960 supposed to be for our best interest. 1208 01:09:27,399 --> 01:09:30,160 It's supposed to be for the best interest of the people. 1209 01:09:30,800 --> 01:09:33,080 But you have Senator Lum is basically saying, listen, I 1210 01:09:33,080 --> 01:09:35,840 can't even audit you guys. You guys aren't telling me the 1211 01:09:35,840 --> 01:09:38,319 truth. I it's a black hole. 1212 01:09:38,319 --> 01:09:39,840 I can't get the truth out of you guys. 1213 01:09:39,920 --> 01:09:47,040 What the F is going on the whole legitimacy behind the the 1214 01:09:47,040 --> 01:09:50,960 government or the state or the central bank controlling money 1215 01:09:51,439 --> 01:09:54,680 is for you guys. It's it's for the betterment of 1216 01:09:54,680 --> 01:09:57,640 society, it's for the betterment of the greater good, so to 1217 01:09:57,640 --> 01:10:01,600 speak. But if the money comes in, which 1218 01:10:01,600 --> 01:10:08,200 is Bitcoin, that is better money for everyone and it's 1219 01:10:08,240 --> 01:10:14,800 inconvenient for the state that has been benefiting from abusing 1220 01:10:15,760 --> 01:10:19,720 the trust and the power we bestowed to them by being the 1221 01:10:19,720 --> 01:10:24,680 caretakers of money. It kind of reveal it. 1222 01:10:24,760 --> 01:10:29,040 It moves away the veil because it exposes that they weren't 1223 01:10:29,040 --> 01:10:31,280 really interesting and doing a good job. 1224 01:10:31,920 --> 01:10:34,480 They weren't really interesting that they weren't really 1225 01:10:34,480 --> 01:10:39,400 interested in, you know, being the caretakers of this enormous 1226 01:10:39,400 --> 01:10:42,840 responsibility. What they were really interested 1227 01:10:42,840 --> 01:10:48,280 in is power and control. And that's the veil that's being 1228 01:10:48,280 --> 01:10:50,160 exposed. Like that's, you know, that's 1229 01:10:50,160 --> 01:10:52,600 the, the curtain that is being moved. 1230 01:10:53,400 --> 01:10:56,520 And I always say this, Bitcoin exposes incentives. 1231 01:10:56,800 --> 01:10:59,560 It exposes incentives really, really hard. 1232 01:10:59,960 --> 01:11:05,040 So if again, once you're using a Bitcoin standard, everything 1233 01:11:05,040 --> 01:11:08,840 around you, how people react to you, how the state reacts to 1234 01:11:08,840 --> 01:11:11,040 you, what, what they're really doing is they're, they're, 1235 01:11:11,160 --> 01:11:14,920 they're, they're exposing what they really want themselves. 1236 01:11:15,600 --> 01:11:19,640 So when you see the European Central Bank saying, hey, it, we 1237 01:11:19,640 --> 01:11:23,040 won't be able to continue unless we have a central bank digital 1238 01:11:23,040 --> 01:11:25,200 currency, they're telling you the truth. 1239 01:11:25,480 --> 01:11:32,000 The part that they leave out conveniently is the fact that 1240 01:11:32,000 --> 01:11:38,200 Bitcoin is an improvement to the current system, and it's an 1241 01:11:38,200 --> 01:11:43,800 improvement for everybody. So everybody's lives get better 1242 01:11:43,800 --> 01:11:48,080 on a Bitcoin standard, not just a bureaucratic and political 1243 01:11:48,080 --> 01:11:51,160 elite. Now, what they're trying to do 1244 01:11:51,160 --> 01:11:55,640 with their messaging is, is if we lose control of the money, 1245 01:11:55,840 --> 01:11:59,760 the world is going to spontaneously combust and the 1246 01:11:59,760 --> 01:12:03,760 society's going to fail and you know, it's going to be terrible. 1247 01:12:04,320 --> 01:12:08,400 But we've seen that propaganda against El Salvador. 1248 01:12:08,600 --> 01:12:11,960 We've seen it before. They said if El Salvador made 1249 01:12:11,960 --> 01:12:15,120 Bitcoin legal tender, the economy was going to be 1250 01:12:15,120 --> 01:12:17,560 unstable. It was going to be a disaster. 1251 01:12:17,760 --> 01:12:21,440 And then again, coincidentally, El Salvador has the most popular 1252 01:12:21,440 --> 01:12:26,120 president in the Americas and their economy is booming. 1253 01:12:27,120 --> 01:12:29,240 And they basically made Bitcoin legal tender. 1254 01:12:29,240 --> 01:12:31,560 They had to walk it back a little bit because of the IMF, 1255 01:12:31,560 --> 01:12:33,040 but they had Bitcoin as legal tender. 1256 01:12:33,200 --> 01:12:36,360 So none of their predictions came true. 1257 01:12:38,080 --> 01:12:43,480 So again, this isn't about, this isn't about and, and please, 1258 01:12:43,480 --> 01:12:47,360 like, remember this guys, embrace this, internalize this 1259 01:12:47,560 --> 01:12:52,280 because when they start attacking this, just remember 1260 01:12:52,800 --> 01:12:57,080 they're going to come at it from this is for your own good. 1261 01:12:58,160 --> 01:13:02,080 But what you have to understand is it's it's not for my own 1262 01:13:02,080 --> 01:13:05,080 good. It is for your good. 1263 01:13:06,160 --> 01:13:10,440 Because if you are a Gen. ZR, if you are a millennial, you 1264 01:13:10,440 --> 01:13:14,120 are poorer than your parents, full stop. 1265 01:13:15,480 --> 01:13:21,360 People my age cannot afford to buy a home and start a family, 1266 01:13:22,520 --> 01:13:27,600 full stop. And the only thing that is 100% 1267 01:13:27,600 --> 01:13:31,600 responsible for that, it's not capitalism. 1268 01:13:32,040 --> 01:13:36,120 It's not because you didn't vote in the red party or the blue 1269 01:13:36,120 --> 01:13:39,640 party. It is literally caused by the 1270 01:13:39,640 --> 01:13:45,840 wealth inequality that happens when the central bank prints 1271 01:13:45,840 --> 01:13:50,640 money and debases the currency. If you are in the lower middle 1272 01:13:50,640 --> 01:13:54,280 classes, you are saving and earning in Fiat. 1273 01:13:54,640 --> 01:13:58,920 When they debase the currency, your earnings and your savings 1274 01:13:58,920 --> 01:14:03,680 lose purchasing power. If you are very wealthy and you 1275 01:14:03,680 --> 01:14:07,040 have the privilege and you have the means to save in assets, 1276 01:14:07,160 --> 01:14:11,280 when they print money, the asset values go up. 1277 01:14:11,640 --> 01:14:14,440 That's where the wealth inequality is coming from. 1278 01:14:15,560 --> 01:14:21,400 So their system, the Fiat system, is the cause of a lot of 1279 01:14:21,400 --> 01:14:24,120 the suffering that people are going through these days. 1280 01:14:25,120 --> 01:14:29,680 And what they're arguing for is basically, let's keep it going. 1281 01:14:29,960 --> 01:14:34,080 Let's keep that system going because it's for your own good. 1282 01:14:34,440 --> 01:14:37,720 Don't worry, you're going to own nothing and be happy. 1283 01:14:37,760 --> 01:14:41,000 Everything is going to be fantastic and fabulous and 1284 01:14:41,000 --> 01:14:44,880 incredible. I'm sorry, I don't believe you 1285 01:14:44,880 --> 01:14:47,520 anymore. I've been living on a Bitcoin 1286 01:14:47,520 --> 01:14:50,120 standard. It's been fantastic. 1287 01:14:50,360 --> 01:14:54,640 Opti could say the same thing. If you switch over to a Bitcoin 1288 01:14:54,640 --> 01:14:58,520 standard, you'll be like, wow, things don't need to get more 1289 01:14:58,520 --> 01:15:01,240 expensive. Things actually get cheaper. 1290 01:15:01,280 --> 01:15:05,880 As Jeff Booth says, the natural state of the free market is 1291 01:15:05,880 --> 01:15:09,880 deflationary. Things should get cheaper as 1292 01:15:09,880 --> 01:15:13,280 time progresses, but things have been getting more expensive. 1293 01:15:13,360 --> 01:15:16,120 Why is that? Because the government's 1294 01:15:16,200 --> 01:15:19,360 manipulation and control over the money. 1295 01:15:19,360 --> 01:15:23,000 That is the single 'cause it isn't politics, it isn't the 1296 01:15:23,000 --> 01:15:25,480 person in power, it isn't anything else. 1297 01:15:25,480 --> 01:15:28,080 It isn't the economic model, is it? 1298 01:15:28,080 --> 01:15:32,040 It isn't any of that. It is literally because we are 1299 01:15:32,040 --> 01:15:34,120 live in a society with broken money. 1300 01:15:34,360 --> 01:15:37,560 And Bitcoin fixes this. I'm done, I'm done. 1301 01:15:40,320 --> 01:15:41,880 It's over. I'm done. 1302 01:15:41,880 --> 01:15:45,560 Opti, what's your take? You know I was just letting you 1303 01:15:45,560 --> 01:15:47,480 cook bro. The chat's loving it. 1304 01:15:47,480 --> 01:15:50,560 This is why they come to the show is when Nico goes bug eyed 1305 01:15:50,560 --> 01:15:52,520 and goes full of Nico Jones on it. 1306 01:15:53,320 --> 01:15:54,360 Great ran. Great ran. 1307 01:15:54,360 --> 01:15:57,560 Love it. I do want to kind of bring up my 1308 01:15:57,560 --> 01:16:01,440 conspiracy theory here on what happened on Friday, bro. 1309 01:16:02,560 --> 01:16:05,920 So look, we're going to take Brian Armstrong's word as true 1310 01:16:05,920 --> 01:16:08,800 that he got banned in the UK. And why? 1311 01:16:10,040 --> 01:16:11,080 Would Why would he lie about that? 1312 01:16:11,160 --> 01:16:13,200 I mean, I don't know. I'm just saying I'm, I'm taking 1313 01:16:13,200 --> 01:16:15,600 that as the given here. OK, this is this is the given 1314 01:16:15,600 --> 01:16:19,600 here. And so on Friday when we played 1315 01:16:19,600 --> 01:16:24,600 the ad, I saw it live while we were doing the show and we just 1316 01:16:24,600 --> 01:16:26,600 had like a huge drop off on viewers. 1317 01:16:26,600 --> 01:16:29,320 And usually that never happened. Like we've never, I don't think 1318 01:16:29,320 --> 01:16:32,920 we've ever lost 100 plus viewers in well, actually only during 1319 01:16:32,920 --> 01:16:36,160 the meme review for everyone on Rumble, only during. 1320 01:16:36,160 --> 01:16:39,200 The Meme Review. Do we lose 100 plus viewers at a 1321 01:16:39,200 --> 01:16:42,360 time but mid show? I don't think we've ever really 1322 01:16:42,360 --> 01:16:46,960 had 100 people drop off during the show and over the weekend, 1323 01:16:47,800 --> 01:16:50,520 you know, we were watching the numbers on, on all of our stuff 1324 01:16:50,920 --> 01:16:54,680 and we, we had a great run. We had like a month of just 1325 01:16:54,680 --> 01:16:57,080 killing it on a show. And this is the worst performing 1326 01:16:57,080 --> 01:17:00,840 show we've had in a long time. And I was just kind of talking 1327 01:17:01,160 --> 01:17:04,520 to Nico and we were just chatting about what actually 1328 01:17:04,520 --> 01:17:05,960 happened. I'm like, I think, I think it 1329 01:17:05,960 --> 01:17:08,000 was just like, people don't like musicals, dude. 1330 01:17:08,000 --> 01:17:10,320 Like, I, I just don't think people really connected with 1331 01:17:10,320 --> 01:17:14,200 that ad because we had such a hard time kind of getting people 1332 01:17:14,200 --> 01:17:16,880 back into the show and maintaining our our kind of 1333 01:17:16,880 --> 01:17:21,160 usual viewership on the show. And I was like, OK, like that, 1334 01:17:21,160 --> 01:17:24,640 that ad just kind of naked us. Now with this updated 1335 01:17:24,640 --> 01:17:27,560 information, I am going to kind of speculate and go, you know, 1336 01:17:27,560 --> 01:17:33,240 put my 10 foil hat on here. But maybe just maybe the algos 1337 01:17:33,240 --> 01:17:35,920 picked up that ad. And considering that the UK is 1338 01:17:35,920 --> 01:17:39,760 kind of stopping a lot of free speech and if they did ban that 1339 01:17:39,760 --> 01:17:43,200 ad, of course, you know, over the target, maybe that's one of 1340 01:17:43,200 --> 01:17:46,720 the reasons why the show didn't do as well as we thought it was 1341 01:17:46,720 --> 01:17:48,400 going to do. Like it was it's a solid show. 1342 01:17:48,400 --> 01:17:52,080 But that ad just for various reasons now apparently just 1343 01:17:52,080 --> 01:17:56,760 killed on Friday's show. And so one again, just kind of 1344 01:17:56,800 --> 01:17:59,720 the Occam's razor here was just people didn't like the ad and 1345 01:17:59,720 --> 01:18:01,720 our numbers didn't do that good by the end of the show. 1346 01:18:02,080 --> 01:18:06,480 But a secondary reason could be just, you know, maybe they maybe 1347 01:18:06,480 --> 01:18:10,240 that ad kind of got flagged here and This is why the show didn't 1348 01:18:10,240 --> 01:18:13,000 get pushed as hard as it should have on Friday. 1349 01:18:13,400 --> 01:18:17,440 So just some interesting speculations here on the show in 1350 01:18:17,440 --> 01:18:19,440 high insight of what actually happened. 1351 01:18:19,440 --> 01:18:22,760 And if again, you know, Brian Armstrong, I don't think has a 1352 01:18:22,760 --> 01:18:27,720 reason to lie that it was banned in the UK, which is absolutely 1353 01:18:27,720 --> 01:18:31,720 insane. Also like that it was very very 1354 01:18:31,720 --> 01:18:35,960 vanilla AD like there wasn't even a call of action at the end 1355 01:18:36,000 --> 01:18:37,800 of. It it was literally a musical. 1356 01:18:37,800 --> 01:18:41,200 It was a musical, but of course we we all know. 1357 01:18:41,200 --> 01:18:45,920 Again, I've been saying it for a minute, The E is cooked. 1358 01:18:47,360 --> 01:18:50,120 Yeah, like, what more evidence do you need? 1359 01:18:50,560 --> 01:18:53,160 But yeah, no, that's crazy. I think that. 1360 01:18:53,280 --> 01:18:55,640 I think that explains. Can't even release a musical, 1361 01:18:55,640 --> 01:18:56,680 bro. Dude, you can't even talk. 1362 01:18:56,680 --> 01:18:59,560 Can't you can't even release. Well, to be fair, they shouldn't 1363 01:18:59,560 --> 01:19:02,600 be releasing musicals at all anyways, but you know. 1364 01:19:03,760 --> 01:19:04,920 Hey bro. I'm trolling. 1365 01:19:04,920 --> 01:19:07,320 I'm trolling. Some people totally like them. 1366 01:19:07,840 --> 01:19:10,160 I'm totally trolling, guys. I'm trolling. 1367 01:19:10,200 --> 01:19:14,240 I'm but anyways, guys, it's going to be a great show we. 1368 01:19:14,240 --> 01:19:16,240 Tommy. We have tons. 1369 01:19:16,240 --> 01:19:19,720 The wall we have, we have tons to talk about. 1370 01:19:19,880 --> 01:19:21,800 We're going to be right back in just a second. 1371 01:19:23,320 --> 01:19:25,880 Let's check out the culture. Opti's got something to talk 1372 01:19:25,880 --> 01:19:29,480 about. I want to give a shout out to 1373 01:19:29,480 --> 01:19:31,800 our partner Hive Digital Technology. 1374 01:19:32,120 --> 01:19:37,680 Why Hive in 2025, unstoppable growth as the first ever public 1375 01:19:37,680 --> 01:19:41,160 miner, Hive's position to quadruple their global 1376 01:19:41,160 --> 01:19:43,920 footprint, making them one of the world's fastest growing 1377 01:19:43,920 --> 01:19:47,960 miners in 2025. 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So if you guys didn't hear over 1407 01:21:45,200 --> 01:21:47,840 the weekend, if you weren't online over the weekend, the 1408 01:21:48,160 --> 01:21:55,480 Satoshi statue in Lugano was vandalized and it, you know, it, 1409 01:21:55,880 --> 01:21:57,520 it literally disappeared for a while. 1410 01:21:58,040 --> 01:21:59,960 Here's Yahoo Finance, they're kind of covering it. 1411 01:21:59,960 --> 01:22:02,240 And I, I really brought this up so you guys can kind of get a 1412 01:22:02,240 --> 01:22:04,160 refresher of what it looked like. 1413 01:22:04,640 --> 01:22:08,920 And then here's what happened. So someone was over there and 1414 01:22:08,920 --> 01:22:12,520 this was Saturday, I believe. And it goes, hey, Plan B network 1415 01:22:12,560 --> 01:22:18,280 where the F has a Satoshi Nakamoto statue gone And it just 1416 01:22:18,280 --> 01:22:21,480 completely disappeared. It just was gone for a while. 1417 01:22:21,480 --> 01:22:24,440 No one knows what happened to it later. 1418 01:22:24,440 --> 01:22:26,800 They did find it. It was missing. 1419 01:22:26,800 --> 01:22:29,480 It was recovered from I believe, the lake here. 1420 01:22:29,480 --> 01:22:33,040 And you can see here the video of them kind of pulling it back 1421 01:22:33,040 --> 01:22:37,200 together, getting it back on, you know, getting out of the 1422 01:22:37,200 --> 01:22:38,960 lake here. Actually, let me zoom in a 1423 01:22:38,960 --> 01:22:44,120 little bit and you can see they did recover the statue and I'm 1424 01:22:44,120 --> 01:22:47,280 not sure if they're going to put it back up yet, but we did. 1425 01:22:47,440 --> 01:22:49,520 They got to fix it. Yeah, they got to fix it. 1426 01:22:49,520 --> 01:22:52,440 But, you know, again, the statue disappeared. 1427 01:22:52,440 --> 01:22:56,880 They did a you know, million 10 million sets of Bitcoin for its 1428 01:22:56,880 --> 01:22:59,120 return. It turns out it was in the lake 1429 01:23:00,200 --> 01:23:04,120 and we no one knows really who did it what happened, but I do 1430 01:23:04,120 --> 01:23:06,600 like this symbolism here from grubbles. 1431 01:23:06,600 --> 01:23:09,680 He goes there is some symbolism to the Satoshi statue being 1432 01:23:09,680 --> 01:23:12,600 destroyed by some vandal. You literally can't even have a 1433 01:23:12,600 --> 01:23:15,600 symbolic representation of bitcoins creator because it will 1434 01:23:15,600 --> 01:23:19,000 be targeted and destroyed. The only way is disappearing 1435 01:23:19,000 --> 01:23:22,680 completely past present and future and then he trolls with 1436 01:23:22,680 --> 01:23:25,600 bits instead of sad. So, you know, Grubbles very, 1437 01:23:25,680 --> 01:23:29,280 very, very loyal to the SAT's verse bits debate here. 1438 01:23:30,080 --> 01:23:32,760 But let me here, I'll just go back to this picture while we 1439 01:23:32,760 --> 01:23:36,000 kind of chat about it. So this is what it currently 1440 01:23:36,000 --> 01:23:39,320 looks like. You know, when I first saw this, 1441 01:23:40,960 --> 01:23:44,520 I don't, I, I, I really like what Grubble said, you know, 1442 01:23:44,520 --> 01:23:47,280 makes you kind of think deeper. I don't necessarily think that 1443 01:23:47,280 --> 01:23:50,840 that's the case per SE. It could just be some young kids 1444 01:23:50,840 --> 01:23:55,240 that really just are vandalizing stuff and don't really know the 1445 01:23:55,240 --> 01:23:57,640 significance of it, which is, I think could be one of the 1446 01:23:57,640 --> 01:23:59,480 things. Though, if you do take kind of 1447 01:23:59,480 --> 01:24:03,240 the more nefarious act here of someone purposefully destroying 1448 01:24:03,240 --> 01:24:08,920 the Satoshi statue, it really does kind of sum up where we are 1449 01:24:08,920 --> 01:24:12,040 in the story right now, where even though I think a lot of 1450 01:24:12,040 --> 01:24:16,960 people hear or have heard about Bitcoin, very few people still 1451 01:24:16,960 --> 01:24:20,440 take what we're doing seriously. They kind of laugh about this 1452 01:24:20,440 --> 01:24:22,000 whole thing. They still think it's Internet 1453 01:24:22,000 --> 01:24:24,080 nerd money. It's, you know, an Internet 1454 01:24:24,080 --> 01:24:27,120 token. No one really takes what we're 1455 01:24:27,120 --> 01:24:31,040 doing that seriously here. That's kind of the more cynical, 1456 01:24:31,040 --> 01:24:35,560 more pessimistic take of this. And of course, you could, you 1457 01:24:35,560 --> 01:24:38,800 could put your tinfoil hat on as much as you want and, and talk 1458 01:24:38,800 --> 01:24:42,000 about who these potential people could be that are destroying the 1459 01:24:42,000 --> 01:24:44,240 statue. Is this some kind of organized 1460 01:24:44,240 --> 01:24:47,720 attack on on the statue itself? And, and I'll go back here. 1461 01:24:47,720 --> 01:24:50,960 You know, you can see it with got found in the lake, etcetera. 1462 01:24:51,560 --> 01:24:54,000 But this was kind of like the big story going around in the 1463 01:24:54,000 --> 01:24:55,920 culture right now. And it really makes you wonder 1464 01:24:55,920 --> 01:24:58,440 about the cultural zeitgeist around Bitcoin right now. 1465 01:24:59,200 --> 01:25:01,200 Of course, this was kind of like an awesome thing. 1466 01:25:01,200 --> 01:25:03,480 A lot of Bitcoiners really like the statue and they're like, 1467 01:25:03,560 --> 01:25:07,120 man, this is so cool. You know, Satoshi should have 1468 01:25:07,120 --> 01:25:09,520 the Nobel Peace Prize and we got a statue of them. 1469 01:25:09,520 --> 01:25:11,640 We don't really know who it is. It was pretty, you know, 1470 01:25:11,640 --> 01:25:13,840 cyberpunk, etcetera. And like the way you look at it, 1471 01:25:13,840 --> 01:25:15,720 you can't really see it's a whole statue. 1472 01:25:16,920 --> 01:25:20,920 But it is interesting to see it get vandalized and really kind 1473 01:25:20,920 --> 01:25:25,320 of pinpoint what the intentions were behind vandalizing it. 1474 01:25:25,320 --> 01:25:26,840 Was it? I mean, it doesn't look like it 1475 01:25:26,840 --> 01:25:31,240 was an easy vandalize, you know, mission here. 1476 01:25:31,240 --> 01:25:34,360 It looks like it took a lot of effort to break this thing down. 1477 01:25:34,360 --> 01:25:35,840 So it makes you wonder who did it? 1478 01:25:35,840 --> 01:25:38,360 Was it some young kids that were just messing around? 1479 01:25:38,360 --> 01:25:41,160 I know when I was younger, I probably did some dumb stuff. 1480 01:25:41,840 --> 01:25:43,240 That could be one of the reasons. 1481 01:25:43,280 --> 01:25:46,880 The other reason is, you know, I guess maybe they just don't like 1482 01:25:46,880 --> 01:25:50,880 Bitcoin here. But it was me. 1483 01:25:51,640 --> 01:25:53,160 Where was he? Where were you last week? 1484 01:25:53,800 --> 01:25:56,680 No, it wasn't me, bro. I I'm I'm Satoshi did it. 1485 01:25:56,680 --> 01:25:58,960 That's good. That is good. 1486 01:26:00,240 --> 01:26:01,800 Yeah. I don't know, man, but that that 1487 01:26:01,800 --> 01:26:05,960 happened over the weekend. So someone attacked the Satoshi 1488 01:26:05,960 --> 01:26:08,000 statue. This is what it looked like 1489 01:26:08,000 --> 01:26:11,440 originally. And then this is where it popped 1490 01:26:11,440 --> 01:26:15,920 up on That's crazy on the timeline, that's crazy. 1491 01:26:16,040 --> 01:26:18,440 So who knows what really happened. 1492 01:26:18,560 --> 01:26:20,920 But yes, that's what. Happened. 1493 01:26:20,920 --> 01:26:23,000 This is, you know, I'm pretty sure I know what. 1494 01:26:23,000 --> 01:26:25,320 Happened. I'm going on. 1495 01:26:25,320 --> 01:26:25,920 I know what. Happened. 1496 01:26:26,280 --> 01:26:30,800 All right. So Chrissy Lagarde had a night, 1497 01:26:31,240 --> 01:26:35,760 you know, she had a night on the top, Did a good time. 1498 01:26:35,920 --> 01:26:43,080 Yeah, we did Lugano. And she went out, you know, and 1499 01:26:43,080 --> 01:26:46,440 she was walking, you know, the the beautiful park that they 1500 01:26:46,440 --> 01:26:50,200 have by the lake. And she saw the Satoshi statue 1501 01:26:50,200 --> 01:26:53,360 and she got very upset. You know that's what happened. 1502 01:26:53,920 --> 01:26:56,880 Yeah. You know, she just, she was 1503 01:26:56,880 --> 01:26:58,560 like. Yeah, this is a good point. 1504 01:26:58,560 --> 01:27:01,040 They need a crane to lift it. I don't think it was one guy. 1505 01:27:01,040 --> 01:27:03,360 I don't think this was kids. There's I don't. 1506 01:27:03,400 --> 01:27:05,440 Think Christine Lagarde could do this herself? 1507 01:27:05,440 --> 01:27:07,880 It's like a heavy metal statue. Do you think this was 1508 01:27:07,880 --> 01:27:09,480 coordinated? I think this was that's. 1509 01:27:09,640 --> 01:27:12,600 That's kind of that's, that's kind of what I'm insinuating. 1510 01:27:12,600 --> 01:27:16,920 But to destroy the symbolism, dude, I mean, that's hardcore 1511 01:27:16,920 --> 01:27:19,960 bro. That's not this isn't child's 1512 01:27:19,960 --> 01:27:22,760 play dude. Like this is real, you know? 1513 01:27:24,120 --> 01:27:26,800 Anyways, all right guys, if you guys enjoyed the show, you know 1514 01:27:26,800 --> 01:27:29,440 what to do. It's August 4th, 2025. 1515 01:27:29,480 --> 01:27:31,800 I'm your host Nicos, my legend, your Co host Optimus Fields. 1516 01:27:31,800 --> 01:27:33,360 If you guys enjoyed it, smash the like button. 1517 01:27:33,360 --> 01:27:36,560 Consider subscribing if you feel like we provided you value. 1518 01:27:36,720 --> 01:27:39,320 We'll be back tomorrow for a brand new episode of Simply 1519 01:27:39,320 --> 01:27:42,840 Bitcoin Live. Today's episode was brought to 1520 01:27:42,840 --> 01:27:46,400 you by bitcoinwell.com, a Bitcoin only platform on a 1521 01:27:46,400 --> 01:27:48,720 mission to enable financial independence.