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Yo, the Bitcoin option markets 
just went live last week and the

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data in the first week of 
trading is suggesting 180 K 

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Bitcoin by December 20th is much
more likely than you could ever 

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imagine. 
The launch of this historic 

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options product has not only 
uncovered how bullish traders 

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are on Bitcoin, but they've also
broken all sorts of records. 

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The only ETF options in the 
world that saw more trading 

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volume than ibits where the SPY 
and the QQQ and we'll break that

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down for you later. 
And today we're also going to 

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break down all of this and 
discuss why the one quadrillion 

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dollar, you heard that right, 
one quadrillion dollar 

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derivatives market could be 
following into Bitcoin. 

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But before we dive into this, 
computing the confusing rabbit 

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hole of options, and breakdown 
the bullish numbers, let's play 

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this little video that went live
on Squawk Box explaining options

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and what they mean for Bitcoin. 
All time high getting closer now

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to the $94,000 level in this 
happening as ETF options going 

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live, giving investors a new way
to hedge their exposure. 

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Kenzie Sigalis is here joins us 
with more this morning. 

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Good morning. 
Hey, good morning, Andrew. 

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This what's going on is what US 
crypto investors have been 

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waiting for. 
On Tuesday, the NASDAQ listed 

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options on Blackrock's $44 
billion spot Bitcoin ETF. 

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Day one of trading showed that 
more than 80% of options volume 

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recall orders to buy Bitcoin, 
meaning that investors are 

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betting that the token is poised
for even more gains. 

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And this is just the first of 
the US based asset issuers to 

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offer options. 
The other 10 providers will soon

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follow suit, with several more 
slated to list on the New York 

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Stock Exchange later today. 
Now this is really a significant

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moment for Bitcoin adoption 
because rather than just buying 

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and holding the asset, this next
stage is all about creating a 

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new margin framework for Bitcoin
so that you can amplify your 

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returns. 
Being able to hedge positions 

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and make leverage bets is a big 
draw both to retail and 

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institutions. 
And even though we've seen a lot

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of trading volume on the CME 
derivatives exchange, getting 

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options tied to these spot 
crypto products on the NASDAQ 

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and Nicey is a big unlock for 
traders. 

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Because ultimately, Andrew, a 
more robust onshore derivatives 

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market is how you attract fresh 
investment, which is a tailwind 

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for the price of Bitcoin. 
It it really boggles the mind 

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what what I was just thinking 
about you could do. 

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You could write calls, You could
write calls. 

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You you could buy puts to 
protect your downside. 

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You could sell puts to acquire 
Bitcoin at a lower price order. 

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You can do spreads. 
You can do straddles. 

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The volatility is so high the 
option premiums must be 

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exorbitant so you could sell 
options. 

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But the question is, does 
volatility come down materially?

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And that's what a lot of 
analysts say Will. 

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Happen if that happens but does 
that then put a cap on it or 

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does that? 
Can it happen? 

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Because that's a tail wag in the
dog, because Bitcoin is in here,

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Yeah, But by definition, Bitcoin
has been volatile. 

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Do you think options really 
could lessen the volatility of 

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the underlying asset? 
I mean, that's what some 

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analysts are saying, especially 
as you build out a more robust 

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market infrastructure around 
this, you bring in more 

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institutional money. 
And what I will say in terms of 

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like building out what you can 
do with these spot crypto 

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products, you've got Grayscale 
updating its prospectus just 

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this week to do a covered call 
ETF for bitcoins. 

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You're seeing that those are the
products that these issuers are 

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you're indexing toward rather 
than having to, you know, spot 

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funds around all of these 
altcoins. 

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Because you just mentioned 80% 
of the volume is in calls, so 

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that must mean they're rich 
premiums and the calls you could

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sell those and if it doesn't hit
it, you just keep that the 

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premium. 
Exactly. 

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Yeah, and it protects your 
downside if it goes down a 

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little. 
Thank you for coming in. 

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Of course, guys, I'm here with 
our fearless leader Nico in the 

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Co host seat. 
But let's break down some of 

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these numbers. 
So you got Eric Balkunis, of 

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course, senior ETF analyst for 
Bloomberg kind of running down 

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some of the numbers and I will 
break down an article kind of 

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give you guys a little more 
context. 

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Here's his tweet. 
A few 100 million so far in 

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options volumes on I bit a ton 
for day one and you can see 

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here's a rank of the contract by
volume. 

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It's almost all calls seems very
bullish, especially the December

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20th C100 which is basically 
betting price of BTC will double

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in the next month. 
Now let's breakdown this coin 

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desk article about the Bitcoin 
ETF options titled Bitcoin ETF 

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options introduction marks 
milestone Despite position 

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limits, Blackrock's I Bit was 
the first US spot Bitcoin ETF to

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launch with options tied to it. 
The rest of the pack comes later

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Wednesday. 
Now breaking down some of this 

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article, the I Bit option 
surpassed $2 billion in notional

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exposure and the launch of 
options on Bitcoin ETFs had the 

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approval of just 25,000 
contracts as a position limit. 

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So another Bitcoin link product,
another success story. 

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This time it's options tied to 
black rocks iShares Bitcoin 

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trust, AKA the I bit, which went
live on NASDAQ Tuesday of last 

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week, giving them a one day head
start over some competitors, 

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which began trading the next 
day. 

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Now I bit, which has a market 
cap of 44 billion, saw over $2 

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billion in options trading in 
notional value. 

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The ETF itself traded over $4 
billion in volume, surpassed 

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only by the SPDR S&P 500 ETF 
Trust AKA the SPY and then 

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Invesco QQQ trust Series 1 and 
the iShares Russell 200 ETFIWM, 

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which all have much higher 
market caps according to coin 

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glass data. 
So you know these big ETFs, they

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have good numbers, but for the 
size of Bitcoin, the I bid 

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options and even the ETF in 
general is just breaking records

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as we saw in the first sentence.
You know another Bitcoin link 

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product, another success story. 
So breaking this article down a 

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little more, seeing senior 
Bloomberg ETF analysis or 

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analyst Eric Bukunis hailed the 
success of day one performance 

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of the Ibid options. 
However, it hasn't challenged 

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the top ETFs yet, but he expects
that to come in the next few 

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days or weeks. 
And here's a quote. 1.9 billion 

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is unheard of for day one. 
For context, BITO did 363 

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million and that's been around 
for four years. 

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Also, this is with 25,000 
contract position limits. 

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That said, 1.9 billion isn't 
quite a big dog level yet, 

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though. 
Gold did 5 billion today, but 

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give it a few more days and 
weeks, Balkuna says. 

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And the interesting parts of 
Balkuna's statement is that the 

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position limit size in IBAP and 
other Bitcoin ETF options is 

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tighter than those in 
traditional finance. 

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They have been approved for just
25,000 contracts, meaning that a

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market participant can only hold
or control a maximum of 25,000 

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contracts at a given point. 
Now the article kind of breaks 

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down going further, I'm not 
going to read the whole thing, 

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but essentially the Bitcoin ETF 
I bid options, it's still being 

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limited and throttled by the 
traditional financial system, 

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which is kind of the story we've
been hearing all year in regards

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to Bitcoin. 
Yes, they're allowing Bitcoin to

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get through the door, but 
they're still kind of putting 

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guardrails on the Bitcoin 
products. 

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And and even with all that said,
it's still absolutely going 

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nuclear. 
Anyways, one last quote here, 

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and this is from what's this, 
Jeff Park and he goes, it's 

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clear to me that the CME Group 
would prefer Bitcoin to trade 

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primarily as futures, 
positioning itself as a dominant

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market with launches like BFF 
Bitcoin Friday's futures. 

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And if the CFTC had been as 
politicized as the SEC, we might

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not have had a fair launch at 
all, which is very interesting 

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considering that we now know 
Gary Gensler is resigning, 

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resigning a January 20, 2025. 
All right now let's go into a 

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little more data. 
Shout out the Joe Consortia on 

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Twitter and he goes the Ibid 
options day one. 

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So far, the December 20th 2024 
expiry is seeing its highest 

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volume in $65 strike calls with 
Ibid trading at 52.76 dollars. 

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Going to 65 reflects a spot 
Bitcoin price of $114,339. 

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The TLDR The market is bullish 
that Bitcoin's price ends the 

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year well over 100K. 
Now moving forward a little bit,

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this is where it starts getting 
crazy. 

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We have Joe McCain on Twitter 
and he goes the I bit $100 

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strikes continue to trade crazy 
volume with super high open 

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interest. 
For these options to be in the 

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money, Bitcoin must trade around
$180,000 by December 20th, 2024.

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Could we see an 100% increase by
the end of this year? 

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Roughly what, 29 days, 30 days a
month from now? 

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That would be insane. 
Now, I did open the show with 

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this one quadrillion dollar 
derivatives market meme and and 

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this is kind of, you know, 
people debate this a little bit,

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but as you can see, I, I use 
perplexity again here guys. 

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You know, the derivatives market
is one of the largest financial 

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markets in the world, 
characterized by a tremendous 

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size and complexity. 
The notional value of the 

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derivatives market is often 
cited as exceeding 1 quadrillion

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dollars. 
So obviously all that money 

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isn't going to flow to Bitcoin. 
But you heard it right. 

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Basically, one quadrillion 
dollars is now being opened up 

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and potentially going to go into
Bitcoin. 

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And the extremely bullish nature
of this is the traders out there

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are looking at Bitcoin like we 
all look at it and they're like 

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the end of the year is going to 
be crazy. 

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Now are we going to see 180 K by
the end of the year? 

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Who knows. 
All we know, at least from the 

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trading sentiment, is that 
everyone is expecting bitcoins 

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going to be above 100K by the 
end of the year, which on 

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today's price isn't that crazy. 
It's only three K Yes, 100K is a

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psychological number here, but 
it does seem like the end of the

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year, you know, Christmas 
holiday season. 

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We might be seeing a lot of 
bullish movement in the Bitcoin 

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price, which is going to set up 
an extremely bullish 2025. 

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And who knows, we might not just
get one year of of, you know, 

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the last leg up of the bull run.
It could be a little longer and 

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we're going to break that down 
in the numbers later. 

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But anyways, Nico, are you 
surprised that Wall Street, you 

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know, trad fight is this bullish
on Bitcoin? 

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Obviously options is a is a 
rabbit hole. 

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It is a little confusing for 
most of us 65 IQ Bitcoiners, but

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man does it surprise you how 
bullish they are on Bitcoin. 

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No, not at all, man. 
I think like really Michael 

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Saylor is pioneering right now 
and he's essentially proving to 

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the world that he has found a 
glitch in the Fiat matrix and 

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he's leveraging that glitch to 
essentially buy, you know, an 

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unlimited amount of Bitcoin And 
like, and his price, it's just 

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like this like self fulfilling 
prophecy. 

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And it's just his stock is just 
like tearing and it's just 

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ripping to to to to new highs. 
And again, it's like a rinse and

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repeat, rinse and repeat, rinse 
and repeat, rinse and repeat. 

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And he might have found a glitch
in this debt Fiat system that we

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live in. 
And a lot of people are 

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speculating like, where is the 
top? 

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00:11:00,240 --> 00:11:04,400
Where could this be at? 
I mean, like if there if he 

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truly did find a glitch in the 
system, like there is no top, 

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you know? 
And I think I've, I've heard him

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say talk about this in the past 
before. 

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We are in uncharted territory. 
That's what I'll say, but from a

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Bitcoin price perspective, can 
we hit 180 K by the end of the 

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year? 
Absolutely. 

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00:11:25,120 --> 00:11:29,000
I think we can hit 180 K by 
January, by February, like 

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easily just on people 
anticipating a pro crypto, pro 

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Bitcoin administration going 
into the White House, you know, 

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like yeah, for sure. 
Listen, like a lot of people 

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were not expecting Bitcoin to. 
We were in the 60s and we were 

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in purgatory. 
We were depressed. 

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00:11:47,000 --> 00:11:49,320
I don't know if you guys 
remember a month ago how you 

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felt or two months ago and all 
of a sudden out of nowhere, even

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00:11:53,440 --> 00:11:57,120
with Bitcoin at these crazy high
numbers and the amount of 

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capital it takes to move, we 
went from 60 to 99 in like a 

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00:12:05,440 --> 00:12:08,800
snap of a finger, right? 
So anything could happen. 

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That's why the best strategy is 
stay humble, stack SAT, stay 

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00:12:12,160 --> 00:12:16,040
solvent, just acquire Bitcoin, 
think the long term and you're 

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going to be fine, you know, but 
you know, this is this 

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MicroStrategy story is not over.
And what it's proved to Wall 

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00:12:23,320 --> 00:12:25,920
Street. 
Wall Street is like a bunch of 

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hungry hyenas right now and 
they're like cold, you know, 

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00:12:29,720 --> 00:12:32,880
like, like this thing is awesome
and they're trying to figure 

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00:12:32,880 --> 00:12:36,000
out, like they're trying to 
figure out, you know, should I 

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00:12:36,000 --> 00:12:38,760
buy MicroStrategy? 
Should I buy spot Bitcoin? 

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00:12:38,960 --> 00:12:43,360
Can we make I've seen stocks, 
you guys could see this too, 

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00:12:43,640 --> 00:12:48,600
where it's a volatility on on, 
it's a, it's a, it's a leverage 

230
00:12:48,600 --> 00:12:50,320
volatility play on 
MicroStrategy. 

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00:12:50,320 --> 00:12:55,240
Name of the stock is MSTU and 
essentially it does double what 

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00:12:55,240 --> 00:12:57,320
MicroStrategy does. 
So if MicroStrategy goes down, 

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00:12:57,720 --> 00:13:00,000
it will go down double. 
If MicroStrategy goes up, it 

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00:13:00,000 --> 00:13:02,600
will go up double. 
Like it's so crazy. 

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00:13:02,840 --> 00:13:04,520
So, and this is what Opti was 
talking about. 

236
00:13:04,520 --> 00:13:08,040
Like they can just come up with 
these freaking products out of 

237
00:13:08,040 --> 00:13:13,720
nowhere and just like, you know,
figure out how to like monetize 

238
00:13:13,720 --> 00:13:17,480
Bitcoin in different ways. 
Now, I do want to emphasize this

239
00:13:17,480 --> 00:13:20,120
because this is simply Bitcoin 
at the end of the day. 

240
00:13:20,400 --> 00:13:23,760
There's two things happening. 
There's two phenomenons, OK? 

241
00:13:24,080 --> 00:13:26,120
And both of them could be true 
at the same time. 

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00:13:26,440 --> 00:13:28,120
And that's what I want everyone 
to keep in mind. 

243
00:13:28,360 --> 00:13:29,840
And we just broke 2000 live 
viewers. 

244
00:13:29,840 --> 00:13:32,280
So if you guys are enjoying the 
show, smash the like button. 

245
00:13:32,360 --> 00:13:35,880
Help us break 100 likes within 
the 1st 20 minutes of the show. 

246
00:13:36,040 --> 00:13:41,560
But this is what I'll say like 
Wall Street right now, like it's

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00:13:41,560 --> 00:13:45,480
like they just discovered a 
brand new toy and they're just, 

248
00:13:45,480 --> 00:13:48,160
they're going nut. 
They're like, Oh my God, this is

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00:13:48,160 --> 00:13:49,640
crazy. 
This is nuts. 

250
00:13:50,280 --> 00:13:52,880
Could that be bullish for the 
price from an investment 

251
00:13:52,880 --> 00:13:54,840
perspective? 
Absolutely. 

252
00:13:55,040 --> 00:13:57,160
But we have to remember why 
we're here. 

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00:13:57,160 --> 00:13:59,760
I actually thought about this 
for a long time last night. 

254
00:14:00,120 --> 00:14:05,320
And it was because I saw like 
this chess grandmaster talk 

255
00:14:05,320 --> 00:14:09,800
about Bitcoin and the 
implications of Bitcoin. 

256
00:14:10,120 --> 00:14:12,240
And he's like these Bitcoin 
Bros, they just want to get 

257
00:14:12,240 --> 00:14:13,600
rich. 
They just want to get money. 

258
00:14:13,960 --> 00:14:18,040
But there's something underlying
here that if it becomes 

259
00:14:18,040 --> 00:14:20,880
possible, I don't think people 
understand what is about to 

260
00:14:20,880 --> 00:14:23,880
happen. 
And that is the revolution, 

261
00:14:24,280 --> 00:14:25,880
right? 
Bitcoin, the revolution, 

262
00:14:25,880 --> 00:14:28,920
Bitcoin, the revolution only 
happens one way. 

263
00:14:29,240 --> 00:14:32,360
And that is buying Bitcoin, 
earning Bitcoin, mining Bitcoin 

264
00:14:32,360 --> 00:14:34,280
and putting that Bitcoin into 
self custody. 

265
00:14:34,680 --> 00:14:38,160
If enough of us do it, we will 
effectuate change. 

266
00:14:38,680 --> 00:14:43,600
So yes, number go up great, 
amazing, phenomenal. 

267
00:14:43,800 --> 00:14:46,080
But we have to remember why 
we're here. 

268
00:14:46,400 --> 00:14:49,320
We have to remember what we're 
fighting for and we have to 

269
00:14:49,320 --> 00:14:51,880
remember what the end goal is 
because that's what's going to 

270
00:14:51,880 --> 00:14:54,040
actually change the world and 
make the world a much better 

271
00:14:54,040 --> 00:14:55,800
place. 
The separation of money and 

272
00:14:55,800 --> 00:14:59,920
state and in the process of 
that, freeing the individual 

273
00:15:00,160 --> 00:15:04,040
from this machine essentially 
that enslaves them. 

274
00:15:04,040 --> 00:15:07,280
The way that I see it anyways, 
Opti freak. 

275
00:15:07,880 --> 00:15:11,320
Shout out to Opti because I've 
been doing some stuff in the 

276
00:15:11,320 --> 00:15:15,240
morning the last three days and 
he's been absolutely crushing it

277
00:15:15,240 --> 00:15:17,360
as a host with these opening 
monologues. 

278
00:15:17,360 --> 00:15:19,160
So. 
Well, hey *** thank you. 

279
00:15:19,160 --> 00:15:21,560
Appreciate it. 
But before you go on, before we 

280
00:15:21,560 --> 00:15:26,520
we get the show going, you kind 
of reminded me of the meme of, 

281
00:15:26,600 --> 00:15:30,080
you know, Bitcoin is the Trojan 
horse into Wall Street for 

282
00:15:30,080 --> 00:15:32,160
freedom. 
We always talk about this. 

283
00:15:32,440 --> 00:15:37,080
And it is very interesting that 
now they are very much getting 

284
00:15:37,080 --> 00:15:38,840
engaged and they're loving 
Bitcoin. 

285
00:15:38,840 --> 00:15:40,840
And like you said, it's like 
their new toy and they're 

286
00:15:40,840 --> 00:15:44,640
they're obviously all looking 
for gains, though there is kind 

287
00:15:44,640 --> 00:15:47,680
of a growing trend right now 
with a lot of bit corners. 

288
00:15:47,680 --> 00:15:49,560
I don't know if it's because 
we're all contrarian. 

289
00:15:49,800 --> 00:15:52,240
We're like, we still believe 
that Bitcoin is a Trojan horse 

290
00:15:52,240 --> 00:15:55,880
into Wall Street for freedom. 
But if you know, part of me also

291
00:15:55,880 --> 00:15:58,760
is starting to feel like maybe 
Wall Street being the Trojan 

292
00:15:58,760 --> 00:16:02,120
horse into Bitcoin is not all 
the good things that we think it

293
00:16:02,120 --> 00:16:04,040
will be. 
And I think this is where the 

294
00:16:04,040 --> 00:16:05,840
battle is and it's what you just
said. 

295
00:16:05,840 --> 00:16:09,120
You know, we're obviously we all
love to see number go up, but 

296
00:16:09,120 --> 00:16:11,280
the real important aspect here 
is freedom go up. 

297
00:16:11,280 --> 00:16:13,600
And I think that's why it's very
important for every single one 

298
00:16:13,600 --> 00:16:16,200
of us to stay vigilant, make 
sure that we are taking Bitcoin 

299
00:16:16,200 --> 00:16:19,000
into custody, make sure you're 
securing your own Bitcoin. 

300
00:16:19,240 --> 00:16:22,160
And obviously, if you don't have
money in the traditional 

301
00:16:22,160 --> 00:16:25,840
financial system, then you don't
just want Bitcoin exposure 

302
00:16:25,840 --> 00:16:29,200
through these ETFs and options. 
But it is going to show that 

303
00:16:29,200 --> 00:16:31,480
there is a lot of interest in 
Bitcoin. 

304
00:16:31,600 --> 00:16:34,600
And as Eric Balkunis was saying,
you know, these numbers are only

305
00:16:34,600 --> 00:16:37,720
going to grow, which means a lot
of that Wall Street money is 

306
00:16:37,720 --> 00:16:40,080
going to get unlocked and it's 
going to come into Bitcoin. 

307
00:16:40,200 --> 00:16:43,080
They're going to pump it up. 
But it's, it's, I think more 

308
00:16:43,080 --> 00:16:45,920
important than ever for every 
single one of us to stay 

309
00:16:45,920 --> 00:16:47,360
vigilant. 
Make sure you're taking your 

310
00:16:47,360 --> 00:16:50,080
coins into custody. 
If you have cold storage 

311
00:16:50,080 --> 00:16:52,600
Bitcoin, they can't take that 
from you. 

312
00:16:52,600 --> 00:16:55,040
That is where the real freedom 
money aspects come from. 

313
00:16:55,040 --> 00:16:58,920
So I think it's very important 
to kind of remember this as we 

314
00:16:58,920 --> 00:17:02,120
continue to move forward and 
progress and mature as an 

315
00:17:02,120 --> 00:17:04,839
industry. 
And Wall Street obviously wants 

316
00:17:04,839 --> 00:17:07,280
those Bitcoin games because it's
the best performing thing, 

317
00:17:07,280 --> 00:17:08,839
period. 
We've been seeing this 

318
00:17:08,839 --> 00:17:13,119
constantly this year and now 
it's it's becoming truer and 

319
00:17:13,119 --> 00:17:16,760
truer as the years go on. 
So 2025 is going to be very 

320
00:17:16,760 --> 00:17:19,079
interesting. 
Anyways, Nico hit the ad. 

321
00:17:20,480 --> 00:17:22,200
Absolutely. 
All right everybody, I do want 

322
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to give a shot to our lead 
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So again, if you're a higher net

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worth individual and you're 
tired of dealing with Coinbase 

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and that UI and it's like takes 
away the human element out of it

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and you want to deal with a 
human being that would hold you 

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lot better experience than 
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Check out bitcoinwell.com/OTC. 

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You can also send me an e-mail 
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let's hit the numbers. 

355
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We have tons to talk about 
today. 

356
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Let's check it out. 
I want to tell you guys about 

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You want to literally stamp your

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They are also crush proof. 
Waterproof non. 

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wealth, time, proof, all things 
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to huddle your Bitcoin for the 
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I mean, here is the plate that 
they crushed, they put in water,

375
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they put a blowtorch to it. 
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Head over to stampse-ed.com 

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All right, imagine getting 

380
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You're getting older and you 

381
00:20:38,360 --> 00:20:40,960
want to pass on your Bitcoin to 
your loved ones, right? 

382
00:20:41,560 --> 00:20:46,120
And imagine that very 
uncomfortable conversation when 

383
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you're not able to pass it to 
them because for some, whatever 

384
00:20:49,040 --> 00:20:51,120
reason, you wrote down your seed
where it's on paper. 

385
00:20:51,240 --> 00:20:52,800
That's going to be a terrible 
conversation. 

386
00:20:53,000 --> 00:20:55,320
Don't put yourself in that 
situation, which is why you 

387
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should head over to 
stampseed.com today. 

388
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Use promo code. 
Simply get 15% off and stamp 

389
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your seed into titanium. 
It's it's a really good idea, I 

390
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promise you. 
Scan the QR code or check the 

391
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link in the video description. 
Yeah, sorry guys, I'm I'm 

392
00:21:10,400 --> 00:21:12,360
attacking all the bots in our 
Twitter video. 

393
00:21:12,360 --> 00:21:16,040
So if you're watching in Twitter
and you're you're going to 

394
00:21:16,040 --> 00:21:19,000
comment fight back against the 
boss anyways. 

395
00:21:19,000 --> 00:21:23,080
Anyways, I'm over here on Clarks
movies dashboard and of course 

396
00:21:23,280 --> 00:21:25,200
wow. 
The Bitcoin price is currently 

397
00:21:25,200 --> 00:21:29,040
at 95,000 and $30. 
Very interesting. 

398
00:21:29,040 --> 00:21:31,400
I know everyone was watching 
hopefully that we'd get that 

399
00:21:31,400 --> 00:21:35,480
100K over the weekend, but it 
looks like we got a little dip 

400
00:21:35,480 --> 00:21:37,440
and a little correction. 
Healthy dip and healthy 

401
00:21:37,440 --> 00:21:39,480
correction. 
Anyways, the sets per dollar, 

402
00:21:39,680 --> 00:21:42,560
AKA how much Bitcoin you can buy
for a single dollar, AKA how 

403
00:21:42,560 --> 00:21:45,520
much the dollar is worth in 
Bitcoin is currently at 1052 

404
00:21:45,520 --> 00:21:47,800
sets per dollar. 
The current block height is 

405
00:21:47,800 --> 00:21:52,120
871,942. 
The market cap in Fiat terms in 

406
00:21:52,120 --> 00:21:56,280
dollar terms is $1.88 trillion. 
We're going to break that 2 

407
00:21:56,280 --> 00:21:58,280
trillion soon guys, maybe by the
end of the week. 

408
00:21:58,400 --> 00:22:03,000
And the Bitcoin versus gold 
market cap is at 10.17%. 

409
00:22:03,120 --> 00:22:07,160
Only 10% of the the hard money 
game has been secured by 

410
00:22:07,160 --> 00:22:09,200
Bitcoin. 
It is going to 100 soon enough 

411
00:22:09,440 --> 00:22:12,800
and the total money supply, the 
total percentage ever issued for

412
00:22:12,800 --> 00:22:18,160
Bitcoin is currently at 94.22%, 
which means 19,000,780 seven 

413
00:22:18,160 --> 00:22:23,840
102.36 Bitcoin are currently 
circulating All right guys now I

414
00:22:23,840 --> 00:22:26,840
mentioned this in the beginning,
this great clip coming out from 

415
00:22:26,840 --> 00:22:30,200
Tour de Meester and our boy 
Marty bent over at TTFTC. 

416
00:22:30,960 --> 00:22:34,320
This is what I've been saying 
you know I I've been kind of 

417
00:22:34,320 --> 00:22:38,600
joking about it on the show that
maybe you know maybe the cycle 

418
00:22:38,600 --> 00:22:41,600
theory is kind of running its 
last course. 

419
00:22:41,600 --> 00:22:45,400
I think we will still see cycles
the next four years, but the way

420
00:22:45,400 --> 00:22:50,160
Tour breaks this down, it just 
goes to show that this next year

421
00:22:50,280 --> 00:22:52,800
might be a little crazier than 
we think it is. 

422
00:22:52,800 --> 00:22:57,280
And it could be a prolonged bull
bull market, prolonged last leg 

423
00:22:57,280 --> 00:23:00,120
of the bull market. 
And, and this is going in. 

424
00:23:00,120 --> 00:23:03,600
I could have probably put this 
as a title because Tour says 

425
00:23:03,960 --> 00:23:07,560
within the span of two years, 
Bitcoin could hit $1 million. 

426
00:23:07,560 --> 00:23:11,240
Now, before you call us crazy 
and hopped up on opium, let's 

427
00:23:11,240 --> 00:23:15,200
hear how Tour explains this for 
you guys and how he's seeing 

428
00:23:15,200 --> 00:23:19,680
that maybe this cycle isn't 
going to play out like the 2021 

429
00:23:19,680 --> 00:23:21,560
cycle. 
It might not even play out like 

430
00:23:21,560 --> 00:23:24,520
the 2017 cycle. 
This time might be different and

431
00:23:24,520 --> 00:23:28,640
we might be going all the way 
back to a 2013 S Bull Run. 

432
00:23:28,800 --> 00:23:31,480
So let's listen to this. 
So anyway long. 

433
00:23:31,920 --> 00:23:33,080
Sorry, what's going on over 
here? 

434
00:23:33,480 --> 00:23:34,520
You're playing it. 
I can hear it. 

435
00:23:34,520 --> 00:23:35,320
Oh. 
You hear it all right? 

436
00:23:35,320 --> 00:23:38,560
It's coming through my computer.
So it's short to just say that. 

437
00:23:39,160 --> 00:23:40,960
OK, OK. 
Yeah, I don't know what's going 

438
00:23:40,960 --> 00:23:41,920
on. 
Let me, let me change. 

439
00:23:41,920 --> 00:23:43,360
Send me the link, I got it. 
I got it. 

440
00:23:43,360 --> 00:23:46,520
Hold on. 
So anyway, Long story short, to 

441
00:23:46,520 --> 00:23:51,960
just say that, you know, rather 
than predicting how high it's 

442
00:23:51,960 --> 00:23:56,120
going to go, I, I, I want to say
maybe there's, you know, 

443
00:23:56,120 --> 00:23:59,760
psychological fuel in the tank 
for like a two year, like real 

444
00:23:59,760 --> 00:24:02,880
bull market. 
And, and then the fact that 

445
00:24:02,880 --> 00:24:07,520
we're starting with such a big 
push right now in the beginning 

446
00:24:07,680 --> 00:24:10,920
makes me very, very bullish. 
It reminds me of like 2013 where

447
00:24:10,920 --> 00:24:12,960
like people thought like, oh 
damn. 

448
00:24:12,960 --> 00:24:17,200
Like it's going like we were to 
like 10 bucks in 2012. 

449
00:24:17,200 --> 00:24:19,760
And then we went to like 30, 
which was the previous all time 

450
00:24:19,760 --> 00:24:21,560
high. 
And then it just like zoomed 

451
00:24:21,560 --> 00:24:25,160
past that and we went to, I 
believe 1400, right? 

452
00:24:25,320 --> 00:24:29,320
Actually, no, we went to 270 in 
the spring of 2013. 

453
00:24:29,680 --> 00:24:31,720
Oh my God. 
And then it declined. 

454
00:24:31,720 --> 00:24:35,400
It went down to 80 bucks and 
people thought it was over and 

455
00:24:35,400 --> 00:24:40,000
then that in a span of just a 
few months, we just went back on

456
00:24:40,000 --> 00:24:43,800
the horse and by the end of the 
year 2013, we were at 1200 

457
00:24:43,800 --> 00:24:46,240
bucks. 
So like from 11:50 hundred a 

458
00:24:46,240 --> 00:24:52,400
hundred X in two years time, you
know, So the fact that we we had

459
00:24:52,400 --> 00:24:56,720
we we have so much going on 
right now, it makes me very 

460
00:24:56,720 --> 00:24:58,360
bullish. 
And it's so it makes me think 

461
00:24:58,360 --> 00:25:01,160
like maybe this could be one of 
those two legged, like there's 

462
00:25:01,160 --> 00:25:04,240
gonna be a big fake out and then
we just keep steaming forwards. 

463
00:25:04,560 --> 00:25:06,040
Yeah. 
And so all within a span of two 

464
00:25:06,040 --> 00:25:07,960
years. 
Yeah, we could, we could have a 

465
00:25:07,960 --> 00:25:12,000
oh man, it's like, it's weird to
say, but it's, it's almost like 

466
00:25:12,200 --> 00:25:16,400
only a 10X from here, really. 
Wait, wait, let me, let me show 

467
00:25:16,400 --> 00:25:18,160
the chart. 
Let me show the the old chart 

468
00:25:18,160 --> 00:25:19,880
here so people can visualize 
now. 

469
00:25:19,880 --> 00:25:22,720
Now you go, Nico, go. 
No, no, no, I this is great. 

470
00:25:22,720 --> 00:25:25,640
I'm so glad you played this 
because this is like Monday 

471
00:25:25,640 --> 00:25:28,640
morning. 
Hopey Monday for bullishness to 

472
00:25:28,640 --> 00:25:31,520
the to the vein. 
OK, I've been telling you, OK, 

473
00:25:31,520 --> 00:25:34,480
So what you guys are seeing for 
anyone who's not familiar, like 

474
00:25:34,480 --> 00:25:37,480
those are the cycles and and 
terms of return, right? 

475
00:25:37,720 --> 00:25:42,200
So obviously the first cycle, 
what TUR was describing full 452

476
00:25:42,200 --> 00:25:46,440
X, then the second title. 
The second cycle was 2017 did 

477
00:25:46,440 --> 00:25:49,600
100 X. 
Then the third cycle which was 

478
00:25:49,600 --> 00:25:52,800
2021 did a 20X. 
Now I have a theory about the 

479
00:25:52,800 --> 00:25:55,680
third cycle and I'm going to 
keep reiterating that effing 

480
00:25:55,680 --> 00:25:58,200
theory. 
I think it was cut short. 

481
00:25:58,880 --> 00:26:01,840
I know Chuck Matey disagrees 
with me on this but I'm sticking

482
00:26:01,840 --> 00:26:04,360
to my guns. 
I think it was cut short by the 

483
00:26:04,360 --> 00:26:09,280
China ban and the cell pressure 
from those miners that needed to

484
00:26:09,280 --> 00:26:12,160
sell Bitcoin to relocate to a 
more favorable jurisdiction. 

485
00:26:12,480 --> 00:26:15,920
I think it was an attack on the 
Bitcoin price by the CCP. 

486
00:26:16,360 --> 00:26:17,880
I do not think it was a 
coincidence. 

487
00:26:19,080 --> 00:26:21,600
Call me a conspiracy theory, 
call me whatever, and then you 

488
00:26:21,600 --> 00:26:24,760
can sprinkle in the FTX debacle 
that happened. 

489
00:26:25,240 --> 00:26:30,560
Now what has that caused? 
Bitcoin does the exact opposite 

490
00:26:30,560 --> 00:26:36,480
of what everyone thinks and what
I saw in the 2021 cycle was 

491
00:26:36,520 --> 00:26:39,280
everyone thought everyone and 
their mother thought this thing 

492
00:26:39,280 --> 00:26:44,280
was going to hit 100K guaranteed
back in 2021 mind you and the 

493
00:26:44,400 --> 00:26:47,520
the, the whole Plan B and the 
you know the whole thing right 

494
00:26:47,520 --> 00:26:52,960
the whole 9 yards it didn't do 
it and we went back to 16 

495
00:26:52,960 --> 00:26:56,240
everyone got surprised everyone 
was let down It was it was a big

496
00:26:56,240 --> 00:27:01,240
let down of expectations. 
So what I'm seeing this cycle is

497
00:27:01,240 --> 00:27:05,280
the common theme that you get on
Bitcoin Twitter is the 

498
00:27:05,280 --> 00:27:09,560
expectation that Bitcoin is 
going to hit 100 to 200 K 

499
00:27:09,880 --> 00:27:13,400
That's. 
It when everyone in the room. 

500
00:27:13,800 --> 00:27:15,840
Is telling you what Bitcoin is 
going to do. 

501
00:27:16,240 --> 00:27:20,120
Bitcoin does the opposite. 
Now that can mean to the 

502
00:27:20,120 --> 00:27:22,920
downside and that can mean to 
the upside. 

503
00:27:24,440 --> 00:27:28,640
Technically, we could have hit 
the all time high and we could 

504
00:27:28,640 --> 00:27:32,360
be heading into a bear market 
and it would make sense because 

505
00:27:32,360 --> 00:27:36,600
no one is expecting it. 
Bitcoin does the opposite of 

506
00:27:36,600 --> 00:27:38,440
when everyone what everyone 
expects. 

507
00:27:39,120 --> 00:27:43,360
So what I personally believe, 
and I've been seeing this 

508
00:27:43,360 --> 00:27:46,480
pattern over like the, the, the 
entire year. 

509
00:27:46,840 --> 00:27:50,320
And The thing is we don't 
remember what this feels like 

510
00:27:50,320 --> 00:27:52,680
anymore. 
This has been a long time. 

511
00:27:52,840 --> 00:27:58,120
So I'm class of 2016. 
I remember the 20X20X in one 

512
00:27:58,120 --> 00:28:01,400
year that happened in 2017. 
A lot of you guys were minted 

513
00:28:01,400 --> 00:28:03,520
that year, right? 
You guys became bitcoiners. 

514
00:28:03,520 --> 00:28:06,200
That was your class. 
And I remember that year, like 

515
00:28:06,200 --> 00:28:09,240
it was like yesterday was 
gnarly, right? 

516
00:28:09,720 --> 00:28:15,040
In 2021, we didn't get that. 
And everyone was like chasing 

517
00:28:15,040 --> 00:28:17,880
the dragon of 2017. 
Like they thought they were 

518
00:28:17,880 --> 00:28:21,520
going to get that same, you 
know, kick, but they never got 

519
00:28:21,520 --> 00:28:25,440
it. 
So, you know, we're heading into

520
00:28:25,440 --> 00:28:29,880
2025. 
The stars and planets Political 

521
00:28:29,880 --> 00:28:33,120
situation, Regulatory situation 
wall. 

522
00:28:33,120 --> 00:28:34,400
Street. 
Situation. 

523
00:28:34,640 --> 00:28:38,440
Nation state situation. 
It's all effing aligned. 

524
00:28:38,440 --> 00:28:44,480
It's all aligned. 
But we all forgot what a a a RIP

525
00:28:44,480 --> 00:28:48,000
feels like, Like we've had 
little baby rips, but we all 

526
00:28:48,000 --> 00:28:53,000
forget what a 2017 waka feels 
like. 

527
00:28:53,440 --> 00:28:56,720
And the problem is that when you
when you forget what that feels 

528
00:28:56,720 --> 00:29:00,600
like, you're like, I'm going to 
sell at 200, I'm going to sell 

529
00:29:00,600 --> 00:29:03,120
at 150. 
I'm smart as shit and I'm going 

530
00:29:03,120 --> 00:29:07,120
to buy when this bad boy goes 
down to 70 because I'm a genius 

531
00:29:08,040 --> 00:29:11,720
and this thing just goes rips to
500, leaves you in the dirt and 

532
00:29:11,720 --> 00:29:13,760
you're like, Oh my God, why did 
I do that? 

533
00:29:14,000 --> 00:29:16,560
That is what Bitcoin does, 
right? 

534
00:29:16,560 --> 00:29:19,480
And like, if everyone thought 
they were smart as shit trading 

535
00:29:19,480 --> 00:29:21,920
this thing, you know, everyone 
would have a lot more Bitcoin 

536
00:29:21,920 --> 00:29:24,640
than they do. 
It's it's incredibly hard to 

537
00:29:24,640 --> 00:29:29,600
predict where this thing goes, 
but I will tell you I'm not I'm 

538
00:29:29,600 --> 00:29:32,640
not an OG like turt. 
I haven't been here since 2013. 

539
00:29:32,640 --> 00:29:36,680
My class was 2016, but I see the
signs he sees. 

540
00:29:37,240 --> 00:29:40,480
I see the same thing. 
And you know, a lot of people 

541
00:29:40,480 --> 00:29:44,200
were saying, Nico, the bull 
market, it's cancelled, it's 

542
00:29:44,200 --> 00:29:46,480
over. 
You know, when we were in the 

543
00:29:46,480 --> 00:29:49,120
60K region, I'm like, no, we're 
going to hit you guys could go 

544
00:29:49,120 --> 00:29:50,800
back and check the shows. 
I'm like, we're going to hit 

545
00:29:50,800 --> 00:29:53,720
100K by the end of the year. 
I was like very confident in 

546
00:29:53,720 --> 00:29:56,400
that and we're on the cusp of 
that now. 

547
00:29:56,400 --> 00:29:59,840
What you're going to try to tell
me, sit across the room, right? 

548
00:29:59,840 --> 00:30:01,680
And just like use common sense, 
right? 

549
00:30:01,680 --> 00:30:05,440
Because Bitcoin has not broken 
from its from its previous cycle

550
00:30:05,440 --> 00:30:08,200
patterns, right? 
You're going to look at me 

551
00:30:08,280 --> 00:30:12,960
straight in the eye and you're 
going to be like Nico, Bitcoin 

552
00:30:12,960 --> 00:30:15,960
breaks 100K in 2024. 
So the year before the halving, 

553
00:30:17,080 --> 00:30:20,200
right? 
And the year of the Parabola, 

554
00:30:20,200 --> 00:30:23,120
which was the year after the 
halving, which historically has 

555
00:30:23,120 --> 00:30:25,800
always been the most explosive 
in Bitcoin's history. 

556
00:30:26,280 --> 00:30:31,160
We're only going to two. 
XI, don't believe you. 

557
00:30:31,320 --> 00:30:34,240
I just don't believe you. 
Now, am I going to trade on this

558
00:30:34,240 --> 00:30:35,760
information? 
Probably not. 

559
00:30:36,400 --> 00:30:38,200
Am I going to do anything off 
this information? 

560
00:30:38,280 --> 00:30:40,840
No. 
Is this speculation 100%? 

561
00:30:41,080 --> 00:30:45,360
But I'm telling you what my gut 
feels like I'm, I'm see what TUR

562
00:30:45,360 --> 00:30:48,040
is saying is not that crazy 
because it's true. 

563
00:30:48,280 --> 00:30:52,400
It's only a 10X now it's it's a 
crazy 10X. 

564
00:30:52,960 --> 00:30:54,640
You know like $1,000,000 
Bitcoin. 

565
00:30:54,640 --> 00:30:56,440
We're at 100K. 
You're like Nico, it's all going

566
00:30:56,440 --> 00:30:57,760
to happen next year, bro, what 
the fuck? 

567
00:30:59,160 --> 00:31:03,760
And I'm not saying that it will,
but I'm telling you I I would be

568
00:31:04,000 --> 00:31:09,560
it would be disappointing for me
if Bitcoin only hit 150K next 

569
00:31:09,560 --> 00:31:11,640
year. 
From where we are right now, 

570
00:31:11,640 --> 00:31:16,840
we're at 95,000 if all of next 
year 365 days of. 

571
00:31:16,840 --> 00:31:19,840
Trump's first. 
Year in office micro strategy 

572
00:31:19,840 --> 00:31:23,200
proving the Bitcoin strategy, 
giving a middle finger to all 

573
00:31:23,200 --> 00:31:26,480
the other traditional, you know,
wealth manager people. 

574
00:31:27,080 --> 00:31:29,760
And then on the nation state 
level, you have Naimbu Kelly 

575
00:31:29,760 --> 00:31:32,600
just again giving the middle 
finger to the IMF saying ha ha, 

576
00:31:32,600 --> 00:31:34,720
I told you so. 
And now you're going to look at 

577
00:31:34,720 --> 00:31:37,880
me straight in the face. 
You're going to say, Nico, we're

578
00:31:37,880 --> 00:31:43,280
only going to 150. 
I like I'm sorry, you know, and 

579
00:31:43,280 --> 00:31:46,480
again, it's unbelievable because
we forget what this feeling is 

580
00:31:46,480 --> 00:31:48,640
like. 
We haven't felt this in Bitcoin 

581
00:31:48,640 --> 00:31:52,760
in a really long time. 
Last time we paid our dues, we 

582
00:31:52,760 --> 00:31:55,240
survived 2017. 
We survived 28. 

583
00:31:55,240 --> 00:31:57,640
No 17 was a party. 
We survived 2018. 

584
00:31:57,640 --> 00:32:00,800
We survived 2019-2020. 
We're like, Oh my God. 

585
00:32:00,840 --> 00:32:03,160
It's like, you think you're 
like, OK, it's over. 

586
00:32:03,160 --> 00:32:04,600
I need, I probably need a good 
job. 

587
00:32:04,600 --> 00:32:07,680
And then wack at that. 
But it wasn't a wack at that. 

588
00:32:07,840 --> 00:32:10,440
It was like a wacky, you know, 
it was like, it was tiny. 

589
00:32:10,440 --> 00:32:14,120
It was like a little like, you 
know, thank you for huddling, 

590
00:32:14,360 --> 00:32:17,440
but the party's starting. 
It's 2:00 AM. 

591
00:32:17,600 --> 00:32:20,280
Vibes are cooling. 
But you know, just they close 

592
00:32:20,280 --> 00:32:23,120
the party up too early. 
That's what 2021 felt like. 

593
00:32:23,640 --> 00:32:27,880
So we don't know this feeling 
from a Bitcoiners perspective. 

594
00:32:27,880 --> 00:32:30,040
We haven't felt this in a very 
long time. 

595
00:32:30,040 --> 00:32:36,120
And I think that's why, you 
know, this upcoming thing, if 

596
00:32:36,160 --> 00:32:39,760
Bitcoin follows its historical 
patterns, could be potentially 

597
00:32:39,760 --> 00:32:41,960
bullish. 
And I, I could be. 

598
00:32:41,960 --> 00:32:44,480
Reading the tea leaves. 
Here it could be totally wrong 

599
00:32:44,480 --> 00:32:47,960
and this is speculation. 
And don't trade on it, just stay

600
00:32:47,960 --> 00:32:50,680
humblestax ads. 
But I'm telling you opti dude, 

601
00:32:50,720 --> 00:32:53,400
am I crazy? 
Am I the only one feeling this 

602
00:32:53,400 --> 00:32:56,400
way or seeing this? 
Well, I mean, I've been saying 

603
00:32:56,400 --> 00:32:59,080
it before we had all of this 
crazy stuff play out this year. 

604
00:32:59,240 --> 00:33:02,360
I was saying in the beginning of
the year, I forget when you guys

605
00:33:02,360 --> 00:33:06,040
can Fact Check me, but I feel 
like ever since April or March, 

606
00:33:06,040 --> 00:33:08,480
I've been saying like 300K seems
to be in play. 

607
00:33:08,760 --> 00:33:11,720
And even if you believe in the 
diminishing returns theory, 

608
00:33:11,920 --> 00:33:15,080
which is obviously bigger number
means it Bitcoin price isn't 

609
00:33:15,080 --> 00:33:18,600
going to go as high as it can if
we even play that out. 

610
00:33:18,600 --> 00:33:20,640
And you look at this chart here 
and let me pull it up one more 

611
00:33:20,640 --> 00:33:24,120
time for you guys. 
You can see that even on 

612
00:33:24,120 --> 00:33:27,800
diminishing return standard, if 
we did a 10X from here, you 

613
00:33:27,800 --> 00:33:30,840
know, that's a 16X in a whole 
bull cycle. 

614
00:33:31,040 --> 00:33:33,960
That's less than the last cycle,
but that still means, you know, 

615
00:33:33,960 --> 00:33:37,280
$1,000,000 Bitcoin. 
So even if we're only going to 

616
00:33:37,280 --> 00:33:41,520
do a 10X throughout this whole 
cycle, that's four more XS from 

617
00:33:41,520 --> 00:33:45,040
here, which is, you know, a 
roughly around $400,000. 

618
00:33:45,040 --> 00:33:48,200
So I know we're entering in two 
big numbers here. 

619
00:33:48,520 --> 00:33:50,960
And Niko, I have the same 
feeling as you. 

620
00:33:50,960 --> 00:33:55,040
It really feels like we all have
PTSD, especially us in the chat,

621
00:33:55,200 --> 00:33:58,280
you know, but like the big 
institutional managers, I saw a 

622
00:33:58,280 --> 00:34:01,120
Vanek report this morning saying
like 180 K. 

623
00:34:01,120 --> 00:34:05,520
Is there like target right now 
and it just it doesn't feel like

624
00:34:05,520 --> 00:34:10,800
Bitcoin's going to do only a 50%
increase or 80% increase on the 

625
00:34:10,800 --> 00:34:15,080
last leg of the bull run where 
historically Bitcoin does what 

626
00:34:15,080 --> 00:34:16,520
what's the numbers that Sailor 
always says? 

627
00:34:16,520 --> 00:34:21,960
It's like 40% APR every year. 
So this is and this is the part 

628
00:34:21,960 --> 00:34:25,040
of the cycle where Bitcoin runs 
and does the suddenly moment. 

629
00:34:25,360 --> 00:34:29,560
So I don't know, I'm with you. 
I think 50% increase by the next

630
00:34:29,560 --> 00:34:33,360
year, which is like the last leg
of the bull run that seems more 

631
00:34:33,360 --> 00:34:38,480
unlike then say you know some 
crazy number move from here and 

632
00:34:38,480 --> 00:34:41,760
even if you believe in 
diminishing returns mean that's 

633
00:34:41,760 --> 00:34:42,520
still. 
No. 

634
00:34:43,199 --> 00:34:47,199
It's real obviously, but I I 
still but shouts out to Marty 

635
00:34:47,199 --> 00:34:50,800
Bent, you know, pod comp 
approved Marty Bent here for 

636
00:34:50,800 --> 00:34:52,719
saying that this time is 
different. 

637
00:34:52,719 --> 00:34:55,880
I'm I'm talking to a lot of 
bitcoiners and we're all kind of

638
00:34:55,880 --> 00:34:58,400
having the same idea like this 
time does feel different. 

639
00:34:58,400 --> 00:35:01,800
Yes, Bitcoiners say it forever, 
but this time is actually 

640
00:35:01,800 --> 00:35:04,200
different because of, you know, 
president residential 

641
00:35:04,200 --> 00:35:07,840
candidates, the US strategic 
Bitcoin reserves, you have the 

642
00:35:07,840 --> 00:35:10,840
ETF and option market. 
Now you're having. 

643
00:35:11,040 --> 00:35:12,880
You were here. 
You were here. 

644
00:35:13,400 --> 00:35:15,160
You were here for 2017. 
Sorry. 

645
00:35:15,160 --> 00:35:17,000
I know you. 
Were here for 2017. 

646
00:35:17,000 --> 00:35:20,760
Remember the cope different that
we told ourselves in 2018. 

647
00:35:21,080 --> 00:35:23,720
You remember one of the excuses 
it was the institutions are 

648
00:35:23,720 --> 00:35:25,080
here. 
Oh yeah, now they're here. 

649
00:35:25,080 --> 00:35:26,400
The. 
Institutions are here. 

650
00:35:26,520 --> 00:35:28,640
We would say. 
That in 2018, while the price of

651
00:35:28,640 --> 00:35:32,200
Bitcoin was like falling like 20
Ki think it bottomed out like 

652
00:35:32,200 --> 00:35:35,040
3500, whatever, it was like 
dark, right? 

653
00:35:35,400 --> 00:35:37,960
Like your emotions are on into 
it seeing your net worth just 

654
00:35:37,960 --> 00:35:40,360
evaporate like that. 
It was it was terrible right, 

655
00:35:40,680 --> 00:35:44,560
But one of the coping mechanisms
was the institutions are here, 

656
00:35:44,560 --> 00:35:46,000
bro. 
The institutions are here. 

657
00:35:46,200 --> 00:35:50,160
No, they weren't. 
They took a couple more years to

658
00:35:50,200 --> 00:35:53,480
get there, but The thing is 
they're here now, right? 

659
00:35:53,480 --> 00:35:57,440
The ETF was approved in January.
I think we're only up like 100% 

660
00:35:57,440 --> 00:36:00,520
this year, like 120%. 
I know, like, that sounds like a

661
00:36:00,520 --> 00:36:01,680
lot. 
Wall Street, you're like Nico, 

662
00:36:01,680 --> 00:36:03,680
that's just fuck down. 
What are you talking about? 

663
00:36:03,960 --> 00:36:07,520
But in Bitcoin terms, that's 
really not a lot, right? 

664
00:36:07,680 --> 00:36:10,480
Yeah, yeah. 
What Higher calling said only 10

665
00:36:10,680 --> 00:36:12,120
eggs. 
Welcome to Bitcoin. 

666
00:36:12,280 --> 00:36:13,600
It's so true. 
It's so true. 

667
00:36:13,600 --> 00:36:15,000
All right, everybody, let's get 
to the news. 

668
00:36:15,000 --> 00:36:16,240
We have lots to talk about. 
Let's check it out. 

669
00:36:18,400 --> 00:36:21,840
Very special shout out to our 
sponsor Compass Mining. 

670
00:36:22,200 --> 00:36:25,640
They make Bitcoin mining 
accessible to everyone, from 

671
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I want to give a shout out to 

683
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our sponsor foundation. 
It's self custody done right. 

684
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They've built a premium grade 
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free app called Envoy. 
Passport is fully open source 

687
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and verifiable. 
It's the most intuitive Bitcoin 

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690
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moment you pick it up. 
It's also air gaps, meaning 

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697
00:38:06,480 --> 00:38:08,160
All right everybody, so here's 
Opti. 

698
00:38:08,440 --> 00:38:11,720
You you can't get Opti, but you 
can get the passport that is in 

699
00:38:11,720 --> 00:38:13,880
Opti's hands. 
You guys want to take self 

700
00:38:13,880 --> 00:38:17,560
custody of your cheese of your 
Bitcoin and you can't do it. 

701
00:38:17,560 --> 00:38:20,480
What I mean you could do it, but
I definitely recommend. 

702
00:38:20,600 --> 00:38:23,080
A cold storage. 
Hardware wallet. 

703
00:38:23,400 --> 00:38:26,480
The passport by foundation 
devices doesn't sacrifice 

704
00:38:26,480 --> 00:38:29,600
security for convenience. 
In fact, it makes spending cold 

705
00:38:29,600 --> 00:38:33,840
storage Bitcoin incredibly easy 
with the QR code and the camera.

706
00:38:34,120 --> 00:38:36,280
It's awesome. 
And if you use promo code 

707
00:38:36,280 --> 00:38:39,280
simply, you'll get a discount. 
You won't get Opti, but you will

708
00:38:39,280 --> 00:38:41,960
get a discount anyways. 
Everybody at the right. 

709
00:38:41,960 --> 00:38:44,320
Price you could get me. 
That's a joke, YouTube. 

710
00:38:46,360 --> 00:38:48,640
Yeah, OK, OK, All right, Enough 
trolling. 

711
00:38:48,640 --> 00:38:50,960
Enough trolling. 
I I forget I can't troll here. 

712
00:38:51,000 --> 00:38:51,840
All right. 
Anyways guys. 

713
00:38:54,080 --> 00:38:56,880
I. 
Apologize, I apologize upfront. 

714
00:38:57,360 --> 00:38:59,360
We are talking politics in the 
news. 

715
00:38:59,480 --> 00:39:02,760
I think this is I know, I know, 
I know. 

716
00:39:03,760 --> 00:39:07,240
Yeah, well, it almost is. 
It almost is and and and moving 

717
00:39:07,240 --> 00:39:11,560
forward we'll be we'll probably 
more be more critical if if they

718
00:39:11,560 --> 00:39:13,400
don't do a lot of stuff that is 
bitcoiners like. 

719
00:39:13,400 --> 00:39:17,960
But we do have a little update 
here for those that aren't 

720
00:39:17,960 --> 00:39:21,520
following American politics as 
as closely as we are. 

721
00:39:21,680 --> 00:39:23,800
Obviously, we've been covering 
the last couple of weeks. 

722
00:39:23,960 --> 00:39:26,320
Dennis Porter is out there 
talking about state adoption of 

723
00:39:26,320 --> 00:39:28,040
Bitcoin. 
We have Cynthia, Cynthia Lum is 

724
00:39:28,040 --> 00:39:30,520
talking about the federal 
adoption of Bitcoin as a 

725
00:39:30,520 --> 00:39:34,840
strategic reserve stockpile. 
Well, we finally got the Trump 

726
00:39:35,360 --> 00:39:38,480
Treasury Secretary pick and you 
can see here from CNN, obviously

727
00:39:38,480 --> 00:39:40,640
they're a little biased here, 
but it says Trump names 

728
00:39:40,640 --> 00:39:44,160
billionaire Scott Besson as 
Treasury Secretary pick. 

729
00:39:44,400 --> 00:39:46,880
Now, what does this have to do 
with Bitcoin? 

730
00:39:47,120 --> 00:39:50,600
Well, let's just play a little 
clip of him and what he thinks 

731
00:39:50,600 --> 00:39:53,160
about Bitcoin. 
And we'll kind of breakdown what

732
00:39:53,160 --> 00:39:56,640
what he said and whether he 
maybe or maybe doesn't 

733
00:39:56,640 --> 00:39:58,080
understand Bitcoin as much as we
do. 

734
00:39:58,080 --> 00:40:00,320
But that's besides the point. 
Let's listen to this. 

735
00:40:00,440 --> 00:40:04,560
I, I, I've been excited about 
the president's embrace of 

736
00:40:05,480 --> 00:40:10,440
crypto and I think it fits very 
well with the Republican Party. 

737
00:40:10,880 --> 00:40:15,160
The ethos of Wow, it's crypto is
about freedom and. 

738
00:40:15,160 --> 00:40:18,520
That's so crazy. 
The crypto economy is here to 

739
00:40:18,520 --> 00:40:21,600
stay. 
The Democrats are running from 

740
00:40:21,600 --> 00:40:24,840
it because they're trying to 
wash off the stench of Sam 

741
00:40:24,840 --> 00:40:30,000
Bankman freed and you know, his 
family's donations to the 

742
00:40:30,000 --> 00:40:32,600
Democratic Party. 
So you know they're willing to 

743
00:40:32,600 --> 00:40:36,560
take down a whole industry 
because of bad behavior on their

744
00:40:36,560 --> 00:40:38,840
part. 
Bad behavior 1 actor. 

745
00:40:39,120 --> 00:40:44,160
And, you know, I, I think that 
everything's on the table with, 

746
00:40:44,160 --> 00:40:47,520
with Bitcoin. 
And to me, one of the most 

747
00:40:47,520 --> 00:40:53,440
exciting things about Bitcoin is
for a generation of investors 

748
00:40:53,440 --> 00:40:59,640
who maybe post the great 
financial crisis have been 

749
00:40:59,640 --> 00:41:02,880
looking for investment 
opportunities or maybe they've 

750
00:41:02,880 --> 00:41:06,240
soured on markets. 
Crypto is bringing in young 

751
00:41:06,240 --> 00:41:09,040
people. 
It's bringing in the people who 

752
00:41:09,040 --> 00:41:13,600
haven't participated in markets.
And, you know, having a market 

753
00:41:13,600 --> 00:41:18,000
culture in the US and people 
believing the markets work for 

754
00:41:18,000 --> 00:41:20,440
them is a centerpiece of 
capitalism. 

755
00:41:21,440 --> 00:41:25,040
So it looks like we traded, you 
know, Treasury Secretary Janet 

756
00:41:25,040 --> 00:41:28,600
Yellen for Scott Bessett. 
And hey, personally, it seems 

757
00:41:28,600 --> 00:41:30,800
like he was struggling to get 
through that a little bit. 

758
00:41:30,840 --> 00:41:33,880
And you know, like, I know, I 
know, and I know. 

759
00:41:33,880 --> 00:41:36,160
And then like moving forward, 
moving forward, you know, there 

760
00:41:36,160 --> 00:41:39,080
has been some skepticism. 
First of all, is Parker Lewis, 

761
00:41:39,280 --> 00:41:42,160
he's here and he's like this guy
doesn't understand anything 

762
00:41:42,160 --> 00:41:44,600
about Bitcoin. 
Like how do you make him head of

763
00:41:44,600 --> 00:41:47,680
the Treasury of Secretary for 
2024-2025? 

764
00:41:47,960 --> 00:41:50,200
And of course, doesn't 
understand Bitcoin, kind of like

765
00:41:50,200 --> 00:41:53,960
that take, obviously. 
And then here is Max Keiser, 

766
00:41:53,960 --> 00:41:57,440
which is basically the only job 
the Treasury Secretary has to 

767
00:41:57,440 --> 00:41:59,800
get is, is to get out of the way
of Bitcoin. 

768
00:42:00,080 --> 00:42:04,840
And based on that clip, it seems
like maybe we've upgraded our 

769
00:42:04,840 --> 00:42:07,120
Treasury Secretary, of course, 
from Janet Yellen, who 

770
00:42:07,120 --> 00:42:10,800
historically has been very bad 
in regards to Bitcoin, to this 

771
00:42:10,800 --> 00:42:14,440
guy who has at least publicly 
being favorable in regards to 

772
00:42:14,440 --> 00:42:15,960
Bitcoin. 
Of course, saying Bitcoin is 

773
00:42:15,960 --> 00:42:18,080
freedom. 
Basically, it's a new economic 

774
00:42:18,080 --> 00:42:20,440
opportunity for the younger 
generations. 

775
00:42:20,600 --> 00:42:24,200
You know that Bitcoin and his 
freedom and as his quote was, 

776
00:42:24,200 --> 00:42:26,000
everything is on the table for 
Bitcoin. 

777
00:42:26,000 --> 00:42:28,880
So we'll see exactly how this 
plays out. 

778
00:42:28,880 --> 00:42:31,560
Whether Parker Lewis is right. 
You know, this guy doesn't 

779
00:42:31,560 --> 00:42:34,040
understand Bitcoin. 
You could argue that maybe Trump

780
00:42:34,040 --> 00:42:36,360
doesn't fully understand 
Bitcoin, but as long as they're 

781
00:42:36,520 --> 00:42:39,200
talking favorably about Bitcoin,
I think this is good. 

782
00:42:39,360 --> 00:42:43,160
Now I think the number is up to,
I forget what it is, like 10 or 

783
00:42:43,160 --> 00:42:47,000
11 Bitcoiners in the Trump 
cabinet being pro Bitcoin, which

784
00:42:47,000 --> 00:42:51,320
is now further, you know, 
further data points that this is

785
00:42:51,560 --> 00:42:54,200
the most favorable Bitcoin 
president we've ever had. 

786
00:42:54,400 --> 00:42:56,880
You know, love him or hate him, 
he is a divisive figure. 

787
00:42:56,880 --> 00:43:00,560
But it seems like Bitcoin is 
going to have a lot of running 

788
00:43:00,560 --> 00:43:04,920
room for 2025 or the next four 
years rather in the Trump 

789
00:43:04,920 --> 00:43:07,880
administration. 
So it seems like we got a pro 

790
00:43:08,080 --> 00:43:11,920
Bitcoin secretary of Treasury, 
which is obviously bullish for 

791
00:43:11,920 --> 00:43:15,040
Bitcoin as the price there. 
There's definitely concerns of 

792
00:43:15,040 --> 00:43:17,120
kind of what I said in the 
beginning of like, you know, 

793
00:43:17,120 --> 00:43:18,760
Wall Street trying to Co-op 
Bitcoin. 

794
00:43:18,760 --> 00:43:21,000
It's not just about number go 
up, it's about freedom go up, 

795
00:43:21,400 --> 00:43:25,400
but it looks like we are going 
to have favorable legislation in

796
00:43:25,400 --> 00:43:28,200
regards to Bitcoin. 
Now, I do kind of have, you 

797
00:43:28,200 --> 00:43:32,560
know, a personal caveat here 
about Scott Besson because he 

798
00:43:32,560 --> 00:43:35,480
is. 
Listen, I'll just put it this 

799
00:43:35,480 --> 00:43:36,320
way. 
I'll put it nicely. 

800
00:43:36,320 --> 00:43:39,480
You guys could do your research 
on it, but some of his friends 

801
00:43:39,960 --> 00:43:43,680
and his historical connections 
aren't the best. 

802
00:43:45,520 --> 00:43:50,680
Well, he is basically George 
Soros's prodigy and was a part 

803
00:43:50,680 --> 00:43:54,160
of the a part of the the 
sterling crown. 

804
00:43:54,200 --> 00:43:56,400
You know, the the shorting of 
the of the pound. 

805
00:43:56,400 --> 00:43:58,280
Yeah, it's completely, 
completely true. 

806
00:43:58,280 --> 00:44:01,000
So there is some trade-offs and 
caveats here. 

807
00:44:01,400 --> 00:44:03,480
Wait, wait, hold on. 
You have to be when you make 

808
00:44:03,480 --> 00:44:06,000
that sort of claim. 
Dude, you talk, you talk and 

809
00:44:06,000 --> 00:44:10,480
I'll pull it up. 
OK, so he he's connected to some

810
00:44:10,480 --> 00:44:12,720
sketchy thing about shorting the
pound, right? 

811
00:44:12,960 --> 00:44:14,360
Yes, Sir. 
OK. 

812
00:44:15,160 --> 00:44:16,560
OK. 
So he's not perfect. 

813
00:44:17,880 --> 00:44:20,040
Is he an improvement than where 
we are right now? 

814
00:44:21,200 --> 00:44:27,320
100% OK, so here you go Served 
as CIO at Soros fund management 

815
00:44:27,640 --> 00:44:31,440
partner with George Soros you 
know, driving force behind Soros

816
00:44:31,440 --> 00:44:33,480
1992 shorting of the British 
pound. 

817
00:44:33,760 --> 00:44:40,640
So hey, you know, he's a, he's a
Wall Street guy, but you know, 

818
00:44:40,640 --> 00:44:42,880
it, it'd be a, it'd be a missed 
opportunity if we can talk 

819
00:44:42,880 --> 00:44:45,560
about. 
But hey, his Bitcoin position is

820
00:44:45,560 --> 00:44:48,640
very favorable and it sounds a 
lot better than what we're 

821
00:44:48,640 --> 00:44:51,960
hearing from Janet Yellen. 
So only time will tell, Nico. 

822
00:44:51,960 --> 00:44:54,400
But anyways, now that you have 
all the information, Nico, 

823
00:44:54,400 --> 00:44:57,760
what's your thoughts on this? 
First of all, we're at 191. 

824
00:44:57,760 --> 00:45:00,040
Like guys, if you guys are 
enjoying the show, make sure to 

825
00:45:00,040 --> 00:45:02,360
smash that like button. 
It really, really helps with the

826
00:45:02,360 --> 00:45:04,640
algos and pushes this content 
forward. 

827
00:45:08,680 --> 00:45:11,960
I mean, dude, like this current 
administration, they, I don't 

828
00:45:11,960 --> 00:45:16,560
think it's about Sam SBFI think 
they're ideologically opposed. 

829
00:45:16,560 --> 00:45:20,160
I think that they want a CBDCI 
think Bitcoin is, is a 

830
00:45:20,160 --> 00:45:24,640
competition to a CBDC. 
So you know, they want to create

831
00:45:24,640 --> 00:45:27,920
kind of like this monopoly 
environment where that CBDC can 

832
00:45:27,920 --> 00:45:30,400
thrive. 
Because if people have a choice 

833
00:45:30,400 --> 00:45:34,560
between Bitcoin and ACBDCI think
Al Rhodes lead to Bitcoin, it's 

834
00:45:34,560 --> 00:45:36,680
just better, just better money. 
It's inevitable. 

835
00:45:37,600 --> 00:45:41,280
So they kind of have to coerce 
people into a continuation of 

836
00:45:41,280 --> 00:45:46,240
their system. 
Now, again, the caveat here, 

837
00:45:46,320 --> 00:45:50,000
right, fundamentally, these are 
all politicians going into 

838
00:45:50,000 --> 00:45:56,800
government and Bitcoin, in my 
opinion, if you let it do its 

839
00:45:56,800 --> 00:46:02,320
thing, it not it like not in a 
forceful manner. 

840
00:46:02,320 --> 00:46:06,440
It just makes government smaller
because it kind of limits the 

841
00:46:06,440 --> 00:46:11,880
ability for government to print 
money the way they see fit and 

842
00:46:11,880 --> 00:46:14,320
the way they they the print 
money is how they pay for 

843
00:46:14,320 --> 00:46:15,960
things. 
Essentially, you know, and 

844
00:46:15,960 --> 00:46:18,520
they'll they'll dress it up and 
they'll say deficit spending and

845
00:46:18,960 --> 00:46:21,400
you know, blah, blah, blah. 
And you know, the debt and like,

846
00:46:21,400 --> 00:46:25,120
whatever, it's a Elon simplified
it when he was doing all his 

847
00:46:25,120 --> 00:46:28,120
like tours for the Trump 
campaign, but he was like, 

848
00:46:28,120 --> 00:46:30,800
basically like, look, inflation 
is a tax. 

849
00:46:31,080 --> 00:46:34,360
Like like when they, when they 
print money, that's a tax. 

850
00:46:34,440 --> 00:46:37,000
Like essentially, it's not a 
direct tax, not income tax, but 

851
00:46:37,000 --> 00:46:40,960
it's a tax and it's a tax to pay
for government spending. 

852
00:46:41,320 --> 00:46:45,640
So you know, like we've, we've 
all seen the meme, right? 

853
00:46:45,680 --> 00:46:49,720
No matter whether it's red or 
blue, they both do the same 

854
00:46:49,720 --> 00:46:51,880
thing. 
They just, they print money and 

855
00:46:51,880 --> 00:46:53,920
they deficit spend and blah, 
blah, blah. 

856
00:46:54,320 --> 00:46:58,960
So, you know, now that we have 
Bitcoin kind of coming in, you 

857
00:46:58,960 --> 00:47:02,520
know, are bitcoins incentives? 
That's the key. 

858
00:47:03,040 --> 00:47:09,000
Like that's the key thing here. 
Are bitcoins incentives greater 

859
00:47:09,240 --> 00:47:14,720
than the incentives provided by 
the Fiat money printer, full 

860
00:47:14,720 --> 00:47:16,440
stop? 
I think that's the question. 

861
00:47:17,120 --> 00:47:23,360
Are bitcoins incentives greater?
I think, yes, I think it's not 

862
00:47:23,360 --> 00:47:26,080
going to be perfect. 
I don't want the last thing I 

863
00:47:26,080 --> 00:47:29,160
want is people to have all these
high expectations to be like 

864
00:47:29,160 --> 00:47:32,240
orange Man is going to pump this
to them, even though he promised

865
00:47:32,240 --> 00:47:35,400
us that at the Bitcoin 
conference. 

866
00:47:35,920 --> 00:47:37,360
He's I'm going to make you guys 
rich. 

867
00:47:37,360 --> 00:47:39,840
That's what he said. 
Well, Nico, rhetorically 

868
00:47:39,840 --> 00:47:43,360
speaking, Trump has pumped our 
bags just by being elected. 

869
00:47:43,480 --> 00:47:46,480
Give. 
It to him, the Trump pump, you 

870
00:47:46,480 --> 00:47:48,960
got to give it to him. 
I mean, we did pump from like 60

871
00:47:48,960 --> 00:47:53,040
to like almost 100. 
So I mean, he is kind of right. 

872
00:47:55,080 --> 00:47:56,440
Yeah. 
I don't know. 

873
00:47:56,560 --> 00:47:58,840
I don't know, dude. 
This is what I was saying in the

874
00:47:58,840 --> 00:48:01,440
beginning of the show, Opti. 
This is what we were we were 

875
00:48:01,440 --> 00:48:05,360
talking about in the numbers. 
How could you not be bullish 

876
00:48:05,560 --> 00:48:08,200
heading into next year? 
And you're going to tell me with

877
00:48:08,240 --> 00:48:10,840
all these people that are like 
going to get out of the way, 

878
00:48:11,160 --> 00:48:15,400
they're even if they're not like
100% good, like they're 

879
00:48:15,400 --> 00:48:17,880
definitely better than what we 
have right now, which is like 

880
00:48:17,880 --> 00:48:23,160
open hostility, right, proposed 
mining taxes and like whatever. 

881
00:48:23,280 --> 00:48:26,400
No, they're saying they made it 
part of their party platform to 

882
00:48:26,600 --> 00:48:29,040
get the F out of the way and to 
support the industry. 

883
00:48:29,440 --> 00:48:34,080
So even if they keep 25% of 
their promise, that's better 

884
00:48:34,080 --> 00:48:37,560
than where we are right now. 
So, and they're all saying like,

885
00:48:37,560 --> 00:48:40,320
I like Bitcoin. 
So like they would have to like 

886
00:48:40,320 --> 00:48:44,480
essentially do like 180° turn 
and be like, you know what? 

887
00:48:44,480 --> 00:48:46,480
Actually, this Bitcoin thing is 
a scam. 

888
00:48:47,000 --> 00:48:50,840
We don't like it anymore. 
Like I'm telling you, the reason

889
00:48:50,840 --> 00:48:54,200
that it's so unbelievable for 
most people to picture this is 

890
00:48:54,200 --> 00:48:57,160
because they're scarred from 
what happened in 2021. 

891
00:48:57,840 --> 00:49:01,440
Everyone is still kind of like, 
oh man, like, you know, 

892
00:49:01,440 --> 00:49:04,160
diminishing return that that's 
the, that's the, isn't that the 

893
00:49:04,160 --> 00:49:05,880
narrative this time around, 
Opti? 

894
00:49:06,120 --> 00:49:09,680
It's like diminishing returns. 
Bitcoin is boring. 

895
00:49:10,200 --> 00:49:13,040
It's over. 
It's this, it's that like that's

896
00:49:13,040 --> 00:49:15,280
the narrative this time. 
I feel it, bro. 

897
00:49:15,680 --> 00:49:18,000
And I still think Bitcoin has so
much life in it. 

898
00:49:18,440 --> 00:49:21,880
It's Infinity divided by 21 
million, right? 

899
00:49:22,080 --> 00:49:25,040
And this thing's going to like, 
it's a black hole, like it's 

900
00:49:25,040 --> 00:49:27,600
just going to swallow everything
up because it's just, it's just 

901
00:49:27,600 --> 00:49:29,720
a better store of value. 
It's as simple as that. 

902
00:49:29,720 --> 00:49:33,720
I mean, Sailor has described it 
in so many different types of 

903
00:49:33,720 --> 00:49:36,320
ways, but it's just a better, 
it's just better. 

904
00:49:36,360 --> 00:49:39,280
It's a better store of value. 
Look, I was, I was like, I 

905
00:49:39,280 --> 00:49:42,120
forget who I was talking to, 
talking to this about with, but 

906
00:49:42,120 --> 00:49:44,720
like you're like a higher net 
worth individual. 

907
00:49:45,080 --> 00:49:47,880
You have to play shenanigans to 
get a return. 

908
00:49:47,880 --> 00:49:51,560
You have to get real real 
estate, you know, the S&P like 

909
00:49:51,560 --> 00:49:56,200
an index fund and like, you 
know, good return, whatever six,

910
00:49:56,200 --> 00:49:57,720
8%. 
Are you really beating 

911
00:49:57,720 --> 00:49:59,960
inflation? 
Like if you if you trust the 

912
00:49:59,960 --> 00:50:04,160
numbers, you are. 
But are you right with Bitcoin, 

913
00:50:04,160 --> 00:50:08,800
it's like you get a solid 2030% 
without paying fees, without 

914
00:50:08,800 --> 00:50:11,600
having to rely on someone else, 
without someone else holding 

915
00:50:11,600 --> 00:50:14,160
your money. 
I mean, it's just better. 

916
00:50:14,800 --> 00:50:18,360
So, you know, and now that the 
US government could potentially 

917
00:50:18,360 --> 00:50:20,840
going to buy some and then 
they're they're they're saying 

918
00:50:20,840 --> 00:50:22,840
that they're going to get out of
the way from a regulatory 

919
00:50:22,840 --> 00:50:26,360
perspective, bro, I mean, let's 
see January 20th. 

920
00:50:26,480 --> 00:50:29,800
I think that's when rubber when 
what's the saying when rubber 

921
00:50:29,800 --> 00:50:31,280
meets the road? 
I think that's the saying. 

922
00:50:32,280 --> 00:50:34,800
And let's see. 
I I want to see I'm going to 

923
00:50:34,800 --> 00:50:36,360
really be paying attention to 
this. 

924
00:50:37,240 --> 00:50:42,520
He said free Ross day one. 
So it's it's like, OK, fine. 

925
00:50:42,520 --> 00:50:44,880
January 20 maybe that's and. 
He doubled down. 

926
00:50:44,880 --> 00:50:47,800
That said all. 
What'd he say? 

927
00:50:47,800 --> 00:50:50,320
All promises will be kept. 
Yeah. 

928
00:50:50,320 --> 00:50:51,720
So maybe, maybe. 
He's. 

929
00:50:52,200 --> 00:50:56,560
Maybe, you know, maybe the maybe
it's too much to ask on January 

930
00:50:56,560 --> 00:50:59,640
20th, but I'm telling you it's 
if it's going to be January 25th

931
00:50:59,640 --> 00:51:02,120
and Ross is still not in a 
prison, I'm going to be a little

932
00:51:02,120 --> 00:51:03,960
bit upset. 
I'm not going to lie. 

933
00:51:04,240 --> 00:51:06,120
And you'll be like Nico, the 
joke's on you. 

934
00:51:06,440 --> 00:51:08,560
You know you trusted a positive.
Yeah, we can make fun of you 

935
00:51:08,560 --> 00:51:10,200
then. 
If you dude, I tried. 

936
00:51:10,440 --> 00:51:13,880
At least I tried to get, I tried
to free Ross, you know, So my, 

937
00:51:13,880 --> 00:51:18,720
my more my conscious is clear. 
You know, I don't, I don't 

938
00:51:18,720 --> 00:51:23,120
foresee that happening. 
I think the Bitcoin class, the 

939
00:51:23,120 --> 00:51:26,320
Bitcoin donor class is becoming 
more and more influential and 

940
00:51:26,320 --> 00:51:28,720
more and more powerful. 
As number go up does it's thing 

941
00:51:29,160 --> 00:51:32,960
and as number go up does it's 
thing and more Bitcoiners are 

942
00:51:33,680 --> 00:51:37,960
become very wealthy. 
Obviously their influence over 

943
00:51:37,960 --> 00:51:41,080
society is going to grow. 
That's inevitable. 

944
00:51:41,080 --> 00:51:45,320
That's how it works, right? 
And, you know, the more 

945
00:51:45,320 --> 00:51:47,400
influence you have over society,
the more kind of influence you 

946
00:51:47,400 --> 00:51:50,840
have over politicians, right? 
The, the, the donor base, like 

947
00:51:50,840 --> 00:51:54,160
Washington, DC is run by donors.
That's how it works. 

948
00:51:54,280 --> 00:51:55,640
Like it's, it's not supposed to 
be. 

949
00:51:56,000 --> 00:51:58,320
It's not the way that's supposed
to work, but that's how it 

950
00:51:58,320 --> 00:52:01,760
works. 
So now you have the military 

951
00:52:01,760 --> 00:52:04,520
industrial complex being a part 
of the donor class. 

952
00:52:04,520 --> 00:52:08,240
You have all these special all 
these companies, you know, like,

953
00:52:08,360 --> 00:52:10,400
you know, everyone sees it the 
world like I call that the 

954
00:52:10,400 --> 00:52:13,240
continuing air conference, the 
continuing air donor class 

955
00:52:13,640 --> 00:52:16,200
versus the Bitcoin donor class, 
right? 

956
00:52:16,440 --> 00:52:19,960
So we've never seen the Bitcoin 
donor class. 

957
00:52:19,960 --> 00:52:21,760
We don't even know what this is 
like. 

958
00:52:21,960 --> 00:52:24,960
We don't even know what winning 
feels like, right? 

959
00:52:25,160 --> 00:52:30,000
So we could be entering into a 
year where there is nothing to 

960
00:52:30,000 --> 00:52:32,120
compare it to. 
Going back to what what 

961
00:52:32,120 --> 00:52:35,560
Turdemister was saying, what 
Marty was saying, what Opti's 

962
00:52:35,560 --> 00:52:40,480
saying, what I'm saying, there 
is nothing to compare 2025 to on

963
00:52:40,480 --> 00:52:45,240
a in a historic sense in 
Bitcoin's history, 2017 was not 

964
00:52:45,240 --> 00:52:49,080
like this. 
It was 100% retail driven and it

965
00:52:49,080 --> 00:52:51,520
was a mania and it was the ICO 
boom. 

966
00:52:52,720 --> 00:52:56,720
None of this Wall Street stuff 
here, like there was no ETF, 

967
00:52:56,920 --> 00:52:59,440
there was no government 
approval, there wasn't a 

968
00:52:59,440 --> 00:53:03,920
president saying he's going to 
not sell Bitcoin to a Bitcoin 

969
00:53:03,920 --> 00:53:06,040
conference. 
Like even Trump said it. 

970
00:53:06,040 --> 00:53:07,880
This is my last bit because I've
been rambling. 

971
00:53:07,880 --> 00:53:12,320
But even Trump said it at one of
the things that he said at, at 

972
00:53:13,240 --> 00:53:17,440
in his speech in Nashville. 
He was like, you know, this 

973
00:53:17,440 --> 00:53:19,440
industry is still in its 
infancy. 

974
00:53:20,520 --> 00:53:24,040
So and I agree with him. 
And it's very hard to picture 

975
00:53:24,040 --> 00:53:26,920
this look, and if I told you 
what the Internet was going to 

976
00:53:26,920 --> 00:53:32,680
be like in 1990, seven, 1998, 
you would not have believed me. 

977
00:53:32,680 --> 00:53:34,160
You would have been like, what 
do you mean? 

978
00:53:34,160 --> 00:53:37,560
You're you're going to be 
hosting a show over the Internet

979
00:53:37,960 --> 00:53:41,320
and you're going to be streaming
it to 4000 people. 

980
00:53:41,520 --> 00:53:44,480
What about the bandwidth? 
And like, that's impossible. 

981
00:53:44,480 --> 00:53:46,720
There's what how people aren't 
going to use that. 

982
00:53:46,720 --> 00:53:49,520
What are you talking about? 
Like that's how hard it is to 

983
00:53:49,520 --> 00:53:51,200
comprehend what it is I'm 
saying. 

984
00:53:51,640 --> 00:53:56,080
But if you use common sense, 
it's obvious it's not rocket 

985
00:53:56,080 --> 00:53:57,400
science like. 
All it's. 

986
00:53:57,560 --> 00:53:58,480
It's all. 
Lining up. 

987
00:53:58,800 --> 00:54:01,400
It's all lining up now. 
Does that mean anything is 

988
00:54:01,400 --> 00:54:03,200
guaranteed? 
No, I mean, that's where the 

989
00:54:03,200 --> 00:54:06,920
speculation comes in, right? 
But you know, I'm very 

990
00:54:06,920 --> 00:54:10,080
confident. 
Someone in the chat shorting to 

991
00:54:10,080 --> 00:54:16,120
20K guys, I'm very confident in 
in, you know, a number go up and

992
00:54:16,120 --> 00:54:18,080
I'm feeling really good about 
2025. 

993
00:54:18,120 --> 00:54:19,760
Let's see if I'm wrong. 
I'll leave it at that all. 

994
00:54:21,520 --> 00:54:22,480
Right. 
Hold on, hold on, hold on. 

995
00:54:24,840 --> 00:54:26,240
But we're just we're pumping it 
up. 

996
00:54:26,240 --> 00:54:27,640
It's Monday. 
We got to have fun. 

997
00:54:27,640 --> 00:54:30,120
All right, everybody, let's hit 
the culture. 

998
00:54:30,120 --> 00:54:31,360
We have lots to talk about 
today. 

999
00:54:31,360 --> 00:54:36,640
Today, Let's check it out. 
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1000
00:54:36,640 --> 00:54:39,840
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1001
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1002
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1003
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1004
00:54:51,600 --> 00:54:53,880
Also got to casually drop this 
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1005
00:54:54,040 --> 00:54:58,200
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1006
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1007
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1008
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1009
00:55:04,640 --> 00:55:08,240
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1010
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their website, 
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1011
00:55:23,000 --> 00:55:30,000
Before we jump into the before 
we jump into the culture, I do 

1012
00:55:30,000 --> 00:55:33,600
want to give a shout out to our 
sponsor, Bit Block Boom. 

1013
00:55:33,800 --> 00:55:37,040
Bit Block Boom is a true Bitcoin
conference, guys. 

1014
00:55:37,240 --> 00:55:41,240
It's one of the best Bitcoin 
conferences of the year and it's

1015
00:55:41,240 --> 00:55:44,280
going to be in the great state 
of Texas. 

1016
00:55:44,280 --> 00:55:47,720
It's going to be in the city of 
Dallas, April. 3rd April. 4th 

1017
00:55:47,720 --> 00:55:51,600
April. 5th and April 6th, the 
entire Simply Bitcoin crew will 

1018
00:55:51,600 --> 00:55:57,440
be there, Dante, Rustin, Opti, 
Nico, Sophie, Jacob, everybody. 

1019
00:55:57,480 --> 00:56:00,320
It's going to be and maybe 
perhaps we'll bring the the 

1020
00:56:00,320 --> 00:56:03,760
crazy zoomers too, who are 
absolutely bad asses. 

1021
00:56:04,040 --> 00:56:05,800
So it's going to be a party 
guys. 

1022
00:56:05,800 --> 00:56:06,920
You definitely don't want to 
miss this. 

1023
00:56:07,200 --> 00:56:09,760
By the way, this is the first 
conference where me and Opti 

1024
00:56:09,760 --> 00:56:12,520
actually met in person. 
Like that is the historical 

1025
00:56:12,520 --> 00:56:15,840
significance love bit block boom
to simply Bitcoin. 

1026
00:56:16,080 --> 00:56:18,240
This is the perfect conference 
to network. 

1027
00:56:18,240 --> 00:56:21,120
This is the perfect conference 
to meet some of your favorite 

1028
00:56:21,120 --> 00:56:23,960
bitcoiners that perhaps in the 
bigger conferences they get a 

1029
00:56:23,960 --> 00:56:25,880
little bit lost. 
There's too many people. 

1030
00:56:26,200 --> 00:56:29,400
The bit block boom is the 
perfect conference for that that

1031
00:56:29,400 --> 00:56:32,080
that one to one connection. 
Highly recommend it. 

1032
00:56:32,280 --> 00:56:39,400
Get your tickets now use promo 
code BBB 21 for $100 off again, 

1033
00:56:39,800 --> 00:56:43,200
like bit block boom 2025. 
All right, I'm going to open 

1034
00:56:43,200 --> 00:56:48,360
this and have kind of like an 
open discussion with Opti and 

1035
00:56:48,360 --> 00:56:50,040
I'm I want to talk about El 
Salvador. 

1036
00:56:50,560 --> 00:56:52,920
The reason I want to talk about 
El Salvador is because me and 

1037
00:56:52,920 --> 00:56:55,080
Opti were just in El Salvador. 
We were there for a week. 

1038
00:56:55,080 --> 00:56:57,960
I think this is the second or 
third time that Opti and I have 

1039
00:56:57,960 --> 00:57:00,200
been there. 
We had a epic setup. 

1040
00:57:01,320 --> 00:57:05,200
I Sophie, thank you for for 
shouldering it and you know, 

1041
00:57:05,200 --> 00:57:09,200
packing yourself into an 
apartment of of the whole simply

1042
00:57:09,200 --> 00:57:10,880
Bitcoin, simply Bitcoin. 
Mother. 

1043
00:57:13,840 --> 00:57:17,560
But we had a six set up. 
It was like facing the volcano. 

1044
00:57:17,680 --> 00:57:20,680
I love those shows. 
It was like one of the best 

1045
00:57:21,000 --> 00:57:23,720
backdrops we've ever had. 
I didn't think it was going to 

1046
00:57:23,720 --> 00:57:27,240
be that epic. 
Shout out to Murphy and and 

1047
00:57:27,520 --> 00:57:29,880
Reverend Hoddle for helping us 
to set up everything. 

1048
00:57:30,760 --> 00:57:33,000
But in those lights, man, those 
lights are so bad. 

1049
00:57:33,040 --> 00:57:34,880
They're so huge. 
They're so perfect. 

1050
00:57:34,880 --> 00:57:36,320
Those lights, they lit up the 
face. 

1051
00:57:36,320 --> 00:57:37,560
Amazing. 
It's amazing. 

1052
00:57:38,360 --> 00:57:40,680
Yeah, it was so blinding, dude. 
I I didn't like those play. 

1053
00:57:40,920 --> 00:57:44,280
Literally spotlight. 
We were we were backlit, bro, 

1054
00:57:44,320 --> 00:57:46,480
like I mean, it was it was 
gnarly. 

1055
00:57:46,480 --> 00:57:49,800
So anyways, we just had this 
adventure in El Salvador. 

1056
00:57:49,840 --> 00:57:54,520
We streamed the adopting Bitcoin
conference had some interesting 

1057
00:57:56,080 --> 00:57:58,680
adventures there, you know, with
the Internet in the middle of 

1058
00:57:58,680 --> 00:58:01,520
the jungle, But it was a it was 
a great experience at the end of

1059
00:58:01,520 --> 00:58:04,960
the day. 
And, but I, I do want to talk 

1060
00:58:04,960 --> 00:58:08,160
about El Salvador because Opti, 
you and I, you know, we kind of 

1061
00:58:08,160 --> 00:58:10,920
explored the city a little bit, 
went out to eat. 

1062
00:58:10,920 --> 00:58:14,400
We were walking on the streets, 
you know, and you and I are both

1063
00:58:14,960 --> 00:58:16,600
Hispanic. 
For anyone who doesn't know, I'm

1064
00:58:16,600 --> 00:58:19,080
originally from Venezuela. 
Opti's originally from Mexico, 

1065
00:58:19,600 --> 00:58:21,720
so. 
What would you say? 

1066
00:58:21,720 --> 00:58:27,120
Is like the difference, like I, 
I feel it for me more so than 

1067
00:58:27,120 --> 00:58:30,240
the infrastructure and the 
streets and whatever, even 

1068
00:58:30,240 --> 00:58:31,960
though it is getting like 
cleaned up. 

1069
00:58:32,040 --> 00:58:34,600
Without a doubt. 
It's the people, bro. 

1070
00:58:35,280 --> 00:58:40,920
I feel the vibe shift. 
It's very, very difficult to 

1071
00:58:41,720 --> 00:58:47,800
describe, but you see hope in 
people and regularly I would 

1072
00:58:47,800 --> 00:58:53,880
feel very unsafe in The Walking 
through certain neighborhoods 

1073
00:58:53,880 --> 00:58:58,200
and certain situations. 
And it's not that maybe I felt 

1074
00:58:58,200 --> 00:59:00,640
like, OK, I had to like look 
over my shoulder sometime. 

1075
00:59:00,640 --> 00:59:05,640
That was like the natural 
reaction, but I felt like it 

1076
00:59:05,640 --> 00:59:11,760
was, I felt a lot safer, like if
I was doing that in the 

1077
00:59:11,760 --> 00:59:14,600
Dominican Republic or something,
like I would be sketched out. 

1078
00:59:15,080 --> 00:59:18,480
But in El Salvador I felt like, 
you know, I was like, I think 

1079
00:59:18,480 --> 00:59:22,160
I'll be OK. 
And I really felt that I, I have

1080
00:59:22,160 --> 00:59:25,400
not been to El Salvador and 
found myself in a situation and 

1081
00:59:25,600 --> 00:59:28,280
you know what, like you feel it 
in your gut. 

1082
00:59:28,800 --> 00:59:31,720
These are the types of you you 
find yourself in those 

1083
00:59:31,720 --> 00:59:35,160
situations in Latin America. 
If you know, you know or you 

1084
00:59:35,160 --> 00:59:38,440
find yourself in a predicament 
in your gut, it's telling you 

1085
00:59:38,440 --> 00:59:41,240
you are in danger. 
All right, that you feel it. 

1086
00:59:41,240 --> 00:59:44,240
It's like this like a little 
like your, your hair stand in 

1087
00:59:44,240 --> 00:59:47,600
the back of your neck and you're
like, OK, maybe I should not 

1088
00:59:47,600 --> 00:59:49,280
have walked down the street, 
right? 

1089
00:59:49,280 --> 00:59:50,720
You feel that? 
You get those vibes. 

1090
00:59:51,040 --> 00:59:54,320
I have not felt that one time 
since I've been to El Salvador 

1091
00:59:54,440 --> 00:59:57,160
and I've done some inch like 
there was one time where my 

1092
00:59:57,160 --> 01:00:01,000
shoes broke and I got into like 
an Uber and I'm like, hey, my 

1093
01:00:01,000 --> 01:00:02,560
shoes broke. 
I need super glue. 

1094
01:00:02,560 --> 01:00:06,000
And he took me to a bodega And I
go to bodega and I try to buy 

1095
01:00:06,000 --> 01:00:07,960
and pay in Bitcoin and they're 
like, no, we don't accept 

1096
01:00:07,960 --> 01:00:09,920
Bitcoin. 
And I'm like, I try to pay with 

1097
01:00:09,920 --> 01:00:11,320
my car and they're like no one 
accept Bitcoin. 

1098
01:00:11,320 --> 01:00:13,960
And there's a guy next to me, 
total stranger and he offered to

1099
01:00:13,960 --> 01:00:15,720
pay. 
He's like he had like a 1/4 or 

1100
01:00:15,720 --> 01:00:18,040
something and he paid and I 
super glued my shoes and 

1101
01:00:18,040 --> 01:00:20,280
whatever. 
But that's the type of shit you 

1102
01:00:20,280 --> 01:00:22,720
don't do. 
Right. 

1103
01:00:22,760 --> 01:00:24,720
It's not like people go missing,
right? 

1104
01:00:24,880 --> 01:00:29,960
And I was just like, I did not 
feel unsafe and I'm just talking

1105
01:00:29,960 --> 01:00:31,320
about. 
The capital, San Sarola. 

1106
01:00:31,320 --> 01:00:33,480
Because that's been the majority
of my experiences. 

1107
01:00:33,880 --> 01:00:35,720
But again, I've talked to the 
people. 

1108
01:00:36,080 --> 01:00:40,000
The airport is so nice. 
It's like they clean it up. 

1109
01:00:40,120 --> 01:00:42,160
It's incredible. 
It's like very clean. 

1110
01:00:42,640 --> 01:00:45,480
I think this is a combination of
the Buchele effect. 

1111
01:00:45,760 --> 01:00:50,840
Like he is, his leadership is. 
You cannot deny the guy has, you

1112
01:00:50,840 --> 01:00:54,560
know, increase the quality of 
life in that country, which is 

1113
01:00:54,560 --> 01:00:56,400
why believe he's as popular as 
he is. 

1114
01:00:56,520 --> 01:00:59,160
Who would have thought, right? 
This is the ball of this the job

1115
01:00:59,160 --> 01:01:00,720
of a of a president. 
Who would have thought? 

1116
01:01:02,200 --> 01:01:06,600
And then I think it's making 
Bitcoin legal tender, which 

1117
01:01:06,840 --> 01:01:09,880
fixes the base layer of society,
which I know it's going to take 

1118
01:01:09,880 --> 01:01:12,680
a little bit of time for them to
fully feel that effect. 

1119
01:01:13,400 --> 01:01:16,640
But I'm telling you, there's 
something really deep about 

1120
01:01:16,640 --> 01:01:19,800
that. 
Like there's something different

1121
01:01:19,800 --> 01:01:23,040
about being in Bitcoin country. 
And I asked, I asked Kaiser 

1122
01:01:23,040 --> 01:01:27,960
about it when he came on the the
news desk during adopting 

1123
01:01:27,960 --> 01:01:29,920
Bitcoin. 
I said, like, what is this? 

1124
01:01:29,920 --> 01:01:31,600
And his answer was so short and 
sweet. 

1125
01:01:31,600 --> 01:01:35,560
But he says, like El Salvador is
the first country that has gone 

1126
01:01:35,560 --> 01:01:37,560
out of the fourth turning mic 
drop. 

1127
01:01:37,560 --> 01:01:40,000
And that's when I'm going to 
pass it on to Opti. 

1128
01:01:40,000 --> 01:01:44,560
Opti, do you agree with me as a 
Hispanic, as a Latin American? 

1129
01:01:45,160 --> 01:01:48,000
Do you see the hope? 
Do you see the Peranza in El 

1130
01:01:48,000 --> 01:01:49,480
Salvador? 
What's your take? 

1131
01:01:50,120 --> 01:01:52,680
Yeah, definitely. 
I mean, first of all, Nico, I 

1132
01:01:52,680 --> 01:01:54,440
think you did kind of hit the 
nail on the head. 

1133
01:01:54,440 --> 01:01:56,680
Like it's still a developing 
country. 

1134
01:01:56,680 --> 01:02:00,200
Obviously, this the first time 
I've been in in the capital, San

1135
01:02:00,200 --> 01:02:02,560
Salvador. 
I've been, you know, a Bitcoin 

1136
01:02:02,560 --> 01:02:04,720
beach. 
We've gone a little farther and 

1137
01:02:04,720 --> 01:02:07,680
the vibes on the beach are 
obviously it feels great. 

1138
01:02:07,680 --> 01:02:10,840
It feels very like tropical and 
you're like, you know, you're 

1139
01:02:10,840 --> 01:02:12,960
sitting in the cabana, you're 
going in the water, you're 

1140
01:02:12,960 --> 01:02:14,680
eating some good food. 
It feels a little more like 

1141
01:02:14,680 --> 01:02:17,760
tourist, the like more of a 
tourist destination. 

1142
01:02:17,800 --> 01:02:21,800
But being in the city, I was, 
you know, maybe I was a little, 

1143
01:02:21,800 --> 01:02:26,760
a little too bullish and I, I 
expected it to be, you know, 

1144
01:02:26,760 --> 01:02:29,640
fully developed, but obviously 
it's a developing country, but 

1145
01:02:29,640 --> 01:02:32,160
you can definitely feel the 
vibes there. 

1146
01:02:32,160 --> 01:02:34,720
And that's kind of was the most 
interesting part about it. 

1147
01:02:35,000 --> 01:02:38,680
We walked around, I forget what 
it was like the historic capital

1148
01:02:39,280 --> 01:02:40,720
and Nico actually he was hanging
out. 

1149
01:02:40,720 --> 01:02:43,280
So it's me, Jacob and Sophie and
we got the kid, you know, we got

1150
01:02:43,280 --> 01:02:46,000
baby Nico with us the whole time
we're pushing it around in the 

1151
01:02:46,000 --> 01:02:48,840
stroller. 
And you could definitely feel 

1152
01:02:48,840 --> 01:02:53,720
like there is a palpable sense 
of like hopefulness and people 

1153
01:02:53,720 --> 01:02:57,440
being encouraging of tourist. 
And there is no like weird looks

1154
01:02:57,440 --> 01:02:59,440
or anything. 
And it's like, I don't, it's 

1155
01:02:59,440 --> 01:03:02,080
hard to explain because it, 
there is like a vibe there where

1156
01:03:02,080 --> 01:03:05,600
you can tell people are happy. 
They're obviously in love with 

1157
01:03:05,600 --> 01:03:07,240
Buchella and what he's done for 
their country. 

1158
01:03:07,440 --> 01:03:12,120
Not only did he make the country
safer, but by embracing Bitcoin,

1159
01:03:12,160 --> 01:03:15,360
he's made or rather he's put El 
Salvador on the map. 

1160
01:03:15,680 --> 01:03:19,040
And it is going to be very 
interesting to see what El 

1161
01:03:19,040 --> 01:03:22,640
Salvador does in the next 10 or 
20 years if they can leapfrog a 

1162
01:03:22,640 --> 01:03:27,560
lot of these nations and become 
a superpower in in Latin and 

1163
01:03:27,560 --> 01:03:30,680
Central South America. 
Because, you know, we were, we 

1164
01:03:30,680 --> 01:03:33,160
weren't at that close to the 
Google building, but from our 

1165
01:03:33,160 --> 01:03:35,560
apartment you can see around the
corner like the Google building 

1166
01:03:35,560 --> 01:03:38,600
was there. 
So it is very incredible. 

1167
01:03:38,600 --> 01:03:42,440
What Bucala is done, obviously 
it's, it takes a while to 

1168
01:03:42,440 --> 01:03:46,160
completely turn a country or 
country around, but like the 

1169
01:03:46,160 --> 01:03:49,120
vibes there are great. 
The people are friendly, you 

1170
01:03:49,120 --> 01:03:50,520
know, the people are very 
hopeful. 

1171
01:03:50,520 --> 01:03:53,200
You can just feel like there is 
an energy there of people 

1172
01:03:53,200 --> 01:03:56,560
wanting to not only get better, 
but like understanding that they

1173
01:03:56,680 --> 01:04:00,160
are on the world stage now and 
what they're doing there is very

1174
01:04:00,160 --> 01:04:02,760
important. 
And obviously Bitcoin is a part 

1175
01:04:02,760 --> 01:04:04,560
of that. 
And so going down there, seeing 

1176
01:04:04,560 --> 01:04:07,240
the city was great. 
We had a blast in the jungle. 

1177
01:04:07,240 --> 01:04:09,200
The venue for adopting Bitcoin 
was awesome. 

1178
01:04:09,680 --> 01:04:12,240
You know, the only caveat was 
the storms and the fact that our

1179
01:04:12,240 --> 01:04:16,640
Internet kept messing with us. 
Other than that, we had a great 

1180
01:04:16,720 --> 01:04:18,680
time. 
We were at steak the whole time,

1181
01:04:18,680 --> 01:04:20,520
like it was. 
It was great, man. 

1182
01:04:20,520 --> 01:04:22,840
I had fun. 
Dude, the steak, man, it's 

1183
01:04:22,840 --> 01:04:24,480
crazy. 
The quality of the steak, 

1184
01:04:24,480 --> 01:04:26,360
they're incredible. 
Incredible. 

1185
01:04:26,360 --> 01:04:29,440
Yeah, man, I, I, I agree with 
that assessment. 

1186
01:04:29,440 --> 01:04:33,360
It's just, you know, amazing 
country. 

1187
01:04:33,360 --> 01:04:38,440
Very, very bullish about its 
future and what Bokele has done 

1188
01:04:38,440 --> 01:04:41,840
in just short amount of time. 
I mean, it proves like, isn't it

1189
01:04:41,840 --> 01:04:47,120
crazy, Opti, that, you know, a 
president like he gets into 

1190
01:04:47,120 --> 01:04:50,840
office and he lowers crime and 
he creates a positive 

1191
01:04:50,840 --> 01:04:55,120
environment for private property
and small business to thrive and

1192
01:04:55,120 --> 01:04:58,480
small business thrives and 
everyone wins and everyone gets 

1193
01:04:58,480 --> 01:05:00,360
wealthier. 
Isn't that crazy? 

1194
01:05:00,480 --> 01:05:05,280
Is that such a crazy concept? 
It's so simple for us. 

1195
01:05:05,480 --> 01:05:08,360
Like it's like, yeah, just, you 
know, create a safe environment 

1196
01:05:08,560 --> 01:05:11,480
so that people feel safe and 
they can raise their family, 

1197
01:05:11,920 --> 01:05:14,320
protect private property. 
That's the whole role of. 

1198
01:05:14,640 --> 01:05:16,480
That's why we're paying for 
government. 

1199
01:05:16,480 --> 01:05:20,920
Not to go to war. 
Not that's not, that's not why 

1200
01:05:20,920 --> 01:05:23,520
we pay for government, right? 
It's to protect private 

1201
01:05:23,520 --> 01:05:25,760
property. 
This create a safe environment 

1202
01:05:25,760 --> 01:05:28,320
where you can kind of raise your
kids and you have to look over 

1203
01:05:28,320 --> 01:05:31,480
your shoulder and whatever. 
And he created that and look at 

1204
01:05:31,480 --> 01:05:33,240
that. 
He's very popular for it. 

1205
01:05:33,280 --> 01:05:37,440
Oh, like it's not it's not 
difficult, you know, but I think

1206
01:05:37,440 --> 01:05:42,720
Fiat has like Frankensteined 
like politicians. 

1207
01:05:44,720 --> 01:05:52,520
So driving I think politicians 
have been like they Frankenstein

1208
01:05:52,520 --> 01:05:56,520
what the role of government be. 
It should be because they feel 

1209
01:05:56,520 --> 01:06:01,160
empowered by Fiat and the money 
printer like like I think it's 

1210
01:06:01,160 --> 01:06:04,360
like it's like a it's it's 
intoxicating for them. 

1211
01:06:04,480 --> 01:06:09,240
Like it must be a power. 
You imagine like everyone spends

1212
01:06:09,240 --> 01:06:13,560
hours like working their asses 
off for like this money and then

1213
01:06:13,560 --> 01:06:16,080
all of a sudden you like win a 
popularity contest and you're 

1214
01:06:16,080 --> 01:06:18,520
like college for everyone is 
free. 

1215
01:06:19,280 --> 01:06:21,800
Like dude, that must be 
intoxicating like that, that 

1216
01:06:21,880 --> 01:06:25,080
that power must be crazy. 
And I think over the decades, 

1217
01:06:25,080 --> 01:06:29,120
like it, like it, it bloats 
these politicians egos. 

1218
01:06:29,120 --> 01:06:32,200
And then you kind of end in a 
situation where you are today in

1219
01:06:32,200 --> 01:06:36,040
the United States where it's 
like all the money printing all 

1220
01:06:36,040 --> 01:06:37,560
this thing. 
We're like in the wealthiest 

1221
01:06:37,560 --> 01:06:39,200
country. 
And then the middle class can't 

1222
01:06:39,200 --> 01:06:42,800
afford homes. 
That wasn't like that 20 years 

1223
01:06:42,800 --> 01:06:45,680
ago, 30 years ago. 
Supposedly we were poor back 

1224
01:06:45,680 --> 01:06:46,720
then. 
What happened? 

1225
01:06:47,440 --> 01:06:49,560
It's Fiat. 
It's Fiat. 

1226
01:06:49,560 --> 01:06:51,520
It's like money. 
It's the broken financial 

1227
01:06:51,520 --> 01:06:52,680
system. 
This is what Bitcoin's all 

1228
01:06:52,680 --> 01:06:56,400
about, right? 
So anyways, I'm glad that we 

1229
01:06:56,400 --> 01:06:57,880
don't have to talk about 
elections anymore. 

1230
01:06:57,880 --> 01:06:59,720
I'm glad we don't have to talk 
about politics. 

1231
01:07:00,080 --> 01:07:03,360
But you know, at the end of the 
day, this is Bitcoin. 

1232
01:07:03,680 --> 01:07:06,080
Bitcoin fixes a lot of things. 
By the way, you don't have to 

1233
01:07:06,080 --> 01:07:10,360
wait or move to El Salvador to 
start benefiting from Bitcoin. 

1234
01:07:10,400 --> 01:07:13,360
You can start doing that today. 
And all you got to do is buy 

1235
01:07:13,360 --> 01:07:16,080
Bitcoin, earn Bitcoin, mine 
Bitcoin, put that Bitcoin in 

1236
01:07:16,080 --> 01:07:19,880
self custody and bom, bom, Bing 
boom bom, you're going to, 

1237
01:07:20,000 --> 01:07:21,600
you're going to benefit. 
It's going to be great. 

1238
01:07:21,600 --> 01:07:23,280
It's going to be phenomenal. 
You're going to love it. 

1239
01:07:26,160 --> 01:07:30,680
Wait, do that again. 
Oh man, wow. 

1240
01:07:30,920 --> 01:07:32,480
That's great. 
That's great. 

1241
01:07:33,360 --> 01:07:38,160
Yeah, man, it's it's it's 
definitely interesting to see 

1242
01:07:38,160 --> 01:07:41,480
what El Salvador is doing. 
Like that's Kaiser quote, first 

1243
01:07:41,480 --> 01:07:42,720
country to leave the 4th 
turning. 

1244
01:07:42,720 --> 01:07:46,520
Like, I think that's a very 
powerful, powerful observation. 

1245
01:07:46,520 --> 01:07:50,800
And I think, you know, the next 
5-10 years is going to be 

1246
01:07:50,800 --> 01:07:53,960
interesting not just to watch 
what happens in El Salvador, but

1247
01:07:53,960 --> 01:07:57,280
watch what's happening in, you 
know, European countries when 

1248
01:07:57,280 --> 01:07:58,960
they're actively fighting 
Bitcoin. 

1249
01:07:59,200 --> 01:08:01,400
It's going to be very 
interesting to see if the US 

1250
01:08:01,400 --> 01:08:05,720
does embrace Bitcoin and or 
rather like, you know, does a 

1251
01:08:05,720 --> 01:08:09,200
little more laissez faire and 
like stops trying to cripple the

1252
01:08:09,200 --> 01:08:11,640
industry. 
It is going to be very 

1253
01:08:11,640 --> 01:08:15,200
interesting to see what 
countries do when there is a 

1254
01:08:15,200 --> 01:08:18,319
fork in the road and whether 
they embrace Bitcoin or not. 

1255
01:08:18,600 --> 01:08:21,960
I think it's fundamentally going
to show who the winners and 

1256
01:08:21,960 --> 01:08:24,520
losers are going to be moving 
forward in this, you know, 

1257
01:08:24,520 --> 01:08:27,240
latter part of this decade and 
moving into the next decade. 

1258
01:08:27,680 --> 01:08:33,960
And Naibu Kelly is will forever 
be the first president to adopt 

1259
01:08:33,960 --> 01:08:36,080
Bitcoin, the first country to 
adopt Bitcoin. 

1260
01:08:36,479 --> 01:08:39,160
And I think that's really 
changing the trajectory of the 

1261
01:08:39,160 --> 01:08:41,960
country. 
And now we're seeing that the 

1262
01:08:41,960 --> 01:08:44,240
laggards are going to have to 
follow soon. 

1263
01:08:44,240 --> 01:08:47,560
So hopefully, you know, where 
I'm US centric, I'm more of an 

1264
01:08:48,359 --> 01:08:53,520
American supremacist here than 
Nikko, but I believe in the idea

1265
01:08:53,520 --> 01:08:55,840
of American excellence. 
And I really do want to see 

1266
01:08:55,840 --> 01:08:59,720
America embrace Bitcoin, 
especially considering we are 

1267
01:08:59,800 --> 01:09:01,520
the World Economic power right 
now. 

1268
01:09:01,520 --> 01:09:06,560
And you know, again, quoting 
Kaiser, if if Trump and his 

1269
01:09:06,560 --> 01:09:09,359
administration is smart, then 
they're going to be following 

1270
01:09:09,359 --> 01:09:13,560
Buckley lead and you're going to
see the exponential growth from 

1271
01:09:13,560 --> 01:09:16,560
all of these countries that 
again either embrace Bitcoin or 

1272
01:09:16,560 --> 01:09:18,840
the exponential. 
I don't know what the opposite 

1273
01:09:18,840 --> 01:09:21,720
is decline of these countries 
that don't embrace Bitcoin. 

1274
01:09:21,720 --> 01:09:23,200
I. 
Think the way that you you 

1275
01:09:23,200 --> 01:09:26,040
phrase it, which is like you're 
just America first. 

1276
01:09:26,040 --> 01:09:28,760
You're like, OK, let me put 
America first because. 

1277
01:09:28,760 --> 01:09:32,520
Again guys, I'm I'm an American 
public school student, so I only

1278
01:09:32,640 --> 01:09:35,319
think about America. 
But but let me, I want to 

1279
01:09:35,319 --> 01:09:39,200
emphasize this like just because
you're like, OK, I want to put 

1280
01:09:39,200 --> 01:09:42,840
my like country first. 
Doctor Jack in the chat Let's. 

1281
01:09:43,319 --> 01:09:46,279
Go Donald J Trump is not a Boo 
Kelly. 

1282
01:09:46,760 --> 01:09:51,120
Doctor Jack, by the way, we just
finished editing your talk, 

1283
01:09:51,120 --> 01:09:54,520
which got ripped because the 
Internet went conveniently down 

1284
01:09:54,520 --> 01:09:58,040
at a specific time. 
We had to put the video through 

1285
01:09:58,040 --> 01:10:00,600
processing and whatever, all 
this crazy stuff. 

1286
01:10:00,600 --> 01:10:02,920
We have it ready. 
It'll be uploaded soon on 

1287
01:10:02,920 --> 01:10:05,040
Twitter. 
Anyways, that being said, you 

1288
01:10:05,040 --> 01:10:09,000
guys have to check out this 
Doctor Jacks talk from Adopting 

1289
01:10:09,000 --> 01:10:11,320
Bitcoin. 
It was mind blowing and 

1290
01:10:11,320 --> 01:10:14,440
unfortunately me and ATI were 
running around trying to figure 

1291
01:10:14,480 --> 01:10:18,960
out the tech situation while 
this amazing talk was happening.

1292
01:10:20,120 --> 01:10:23,120
And also Doctor Jack roasted me.
So you guys, there's a funny 

1293
01:10:23,120 --> 01:10:25,680
moment there. 
I got roasted because of my blue

1294
01:10:25,680 --> 01:10:27,760
lights. 
I have blue light blocking 

1295
01:10:27,760 --> 01:10:29,120
glasses. 
I'm wearing them right now. 

1296
01:10:29,120 --> 01:10:31,800
It changed my whole trajectory 
that that was a powerful speech.

1297
01:10:31,800 --> 01:10:34,320
I've been, I've been binge 
watching Doctor Jack content and

1298
01:10:34,320 --> 01:10:36,160
I'm like so wrecked in my 
apartment. 

1299
01:10:36,160 --> 01:10:37,800
I'm like, oh, the blue light's 
killing me. 

1300
01:10:38,200 --> 01:10:40,200
I'm waking up earlier. 
I'm getting some sun on me in 

1301
01:10:40,200 --> 01:10:42,400
the morning. 
Doctor Jack, first the message. 

1302
01:10:42,400 --> 01:10:45,480
Heard the first thing you do, 
you wake up, you get sun in your

1303
01:10:45,480 --> 01:10:48,960
eye. 100 percent, 100% Wait. 
Nico, you're getting trolled. 

1304
01:10:48,960 --> 01:10:51,720
You gotta wear. 
I'm going to buy some soon. 

1305
01:10:51,720 --> 01:10:55,280
Doctor J, if you don't know, 
watch the watch the presentation

1306
01:10:55,280 --> 01:10:57,120
we're going to be post. 
We're going to be posting it 

1307
01:10:57,120 --> 01:10:59,560
this week. 
We we had to process the audio 

1308
01:10:59,560 --> 01:11:03,440
out of it like last week, but it
it's ready. 

1309
01:11:03,440 --> 01:11:05,720
We've been working on it. 
Shout out Murphy because he's 

1310
01:11:05,720 --> 01:11:09,000
really come through. 
But anyways, guys, I hope you 

1311
01:11:09,000 --> 01:11:12,560
guys enjoyed the show and if you
guys did, make sure to smash 

1312
01:11:12,560 --> 01:11:15,360
that like button. 
Consider subscribing if you feel

1313
01:11:15,360 --> 01:11:18,360
like we provided you value. 
But again, the number one thing 

1314
01:11:18,360 --> 01:11:22,160
you could do to help push the 
peaceful Bitcoin revolution is 

1315
01:11:22,160 --> 01:11:24,280
share this content. 
In fact, share all Bitcoin 

1316
01:11:24,280 --> 01:11:26,520
content. 
Get the message out there. 

1317
01:11:27,560 --> 01:11:31,440
And that's, that's really how we
win, really, really winning over

1318
01:11:31,600 --> 01:11:34,200
the hearts and minds of 
individuals. 

1319
01:11:34,760 --> 01:11:37,280
Anyways guys, love you all. 
We'll be back tomorrow from a 

1320
01:11:37,280 --> 01:11:39,120
brand new episode of simply 
Bitcoin live. 

1321
01:11:39,200 --> 01:11:42,640
I'm your Co host Nico Opti and 
the host seat today three days 

1322
01:11:42,640 --> 01:11:44,840
in a row. 
Absolutely crazy. 

1323
01:11:44,840 --> 01:11:47,720
Nico, Nico, why? 
Why am I keep doing your job bro

1324
01:11:47,720 --> 01:11:51,440
I I'm. 
Business bro. 

1325
01:11:52,040 --> 01:11:54,280
Alright guys, love you all. 
We'll see you tomorrow. 

1326
01:11:54,280 --> 01:11:59,720
It's brought to you by 
bitcoinwell.com, a Bitcoin only 

1327
01:11:59,720 --> 01:12:02,880
platform on a mission to enable 
financial independence.