Yo, the Bitcoin option markets just went live last week and the
data in the first week of trading is suggesting 180 K
Bitcoin by December 20th is much more likely than you could ever
imagine. The launch of this historic
options product has not only uncovered how bullish traders
are on Bitcoin, but they've also broken all sorts of records.
The only ETF options in the world that saw more trading
volume than ibits where the SPY and the QQQ and we'll break that
down for you later. And today we're also going to
break down all of this and discuss why the one quadrillion
dollar, you heard that right, one quadrillion dollar
derivatives market could be following into Bitcoin.
But before we dive into this, computing the confusing rabbit
hole of options, and breakdown the bullish numbers, let's play
this little video that went live on Squawk Box explaining options
and what they mean for Bitcoin. All time high getting closer now
to the $94,000 level in this happening as ETF options going
live, giving investors a new way to hedge their exposure.
Kenzie Sigalis is here joins us with more this morning.
Good morning. Hey, good morning, Andrew.
This what's going on is what US crypto investors have been
waiting for. On Tuesday, the NASDAQ listed
options on Blackrock's $44 billion spot Bitcoin ETF.
Day one of trading showed that more than 80% of options volume
recall orders to buy Bitcoin, meaning that investors are
betting that the token is poised for even more gains.
And this is just the first of the US based asset issuers to
offer options. The other 10 providers will soon
follow suit, with several more slated to list on the New York
Stock Exchange later today. Now this is really a significant
moment for Bitcoin adoption because rather than just buying
and holding the asset, this next stage is all about creating a
new margin framework for Bitcoin so that you can amplify your
returns. Being able to hedge positions
and make leverage bets is a big draw both to retail and
institutions. And even though we've seen a lot
of trading volume on the CME derivatives exchange, getting
options tied to these spot crypto products on the NASDAQ
and Nicey is a big unlock for traders.
Because ultimately, Andrew, a more robust onshore derivatives
market is how you attract fresh investment, which is a tailwind
for the price of Bitcoin. It it really boggles the mind
what what I was just thinking about you could do.
You could write calls, You could write calls.
You you could buy puts to protect your downside.
You could sell puts to acquire Bitcoin at a lower price order.
You can do spreads. You can do straddles.
The volatility is so high the option premiums must be
exorbitant so you could sell options.
But the question is, does volatility come down materially?
And that's what a lot of analysts say Will.
Happen if that happens but does that then put a cap on it or
does that? Can it happen?
Because that's a tail wag in the dog, because Bitcoin is in here,
Yeah, But by definition, Bitcoin has been volatile.
Do you think options really could lessen the volatility of
the underlying asset? I mean, that's what some
analysts are saying, especially as you build out a more robust
market infrastructure around this, you bring in more
institutional money. And what I will say in terms of
like building out what you can do with these spot crypto
products, you've got Grayscale updating its prospectus just
this week to do a covered call ETF for bitcoins.
You're seeing that those are the products that these issuers are
you're indexing toward rather than having to, you know, spot
funds around all of these altcoins.
Because you just mentioned 80% of the volume is in calls, so
that must mean they're rich premiums and the calls you could
sell those and if it doesn't hit it, you just keep that the
premium. Exactly.
Yeah, and it protects your downside if it goes down a
little. Thank you for coming in.
Of course, guys, I'm here with our fearless leader Nico in the
Co host seat. But let's break down some of
these numbers. So you got Eric Balkunis, of
course, senior ETF analyst for Bloomberg kind of running down
some of the numbers and I will break down an article kind of
give you guys a little more context.
Here's his tweet. A few 100 million so far in
options volumes on I bit a ton for day one and you can see
here's a rank of the contract by volume.
It's almost all calls seems very bullish, especially the December
20th C100 which is basically betting price of BTC will double
in the next month. Now let's breakdown this coin
desk article about the Bitcoin ETF options titled Bitcoin ETF
options introduction marks milestone Despite position
limits, Blackrock's I Bit was the first US spot Bitcoin ETF to
launch with options tied to it. The rest of the pack comes later
Wednesday. Now breaking down some of this
article, the I Bit option surpassed $2 billion in notional
exposure and the launch of options on Bitcoin ETFs had the
approval of just 25,000 contracts as a position limit.
So another Bitcoin link product, another success story.
This time it's options tied to black rocks iShares Bitcoin
trust, AKA the I bit, which went live on NASDAQ Tuesday of last
week, giving them a one day head start over some competitors,
which began trading the next day.
Now I bit, which has a market cap of 44 billion, saw over $2
billion in options trading in notional value.
The ETF itself traded over $4 billion in volume, surpassed
only by the SPDR S&P 500 ETF Trust AKA the SPY and then
Invesco QQQ trust Series 1 and the iShares Russell 200 ETFIWM,
which all have much higher market caps according to coin
glass data. So you know these big ETFs, they
have good numbers, but for the size of Bitcoin, the I bid
options and even the ETF in general is just breaking records
as we saw in the first sentence. You know another Bitcoin link
product, another success story. So breaking this article down a
little more, seeing senior Bloomberg ETF analysis or
analyst Eric Bukunis hailed the success of day one performance
of the Ibid options. However, it hasn't challenged
the top ETFs yet, but he expects that to come in the next few
days or weeks. And here's a quote. 1.9 billion
is unheard of for day one. For context, BITO did 363
million and that's been around for four years.
Also, this is with 25,000 contract position limits.
That said, 1.9 billion isn't quite a big dog level yet,
though. Gold did 5 billion today, but
give it a few more days and weeks, Balkuna says.
And the interesting parts of Balkuna's statement is that the
position limit size in IBAP and other Bitcoin ETF options is
tighter than those in traditional finance.
They have been approved for just 25,000 contracts, meaning that a
market participant can only hold or control a maximum of 25,000
contracts at a given point. Now the article kind of breaks
down going further, I'm not going to read the whole thing,
but essentially the Bitcoin ETF I bid options, it's still being
limited and throttled by the traditional financial system,
which is kind of the story we've been hearing all year in regards
to Bitcoin. Yes, they're allowing Bitcoin to
get through the door, but they're still kind of putting
guardrails on the Bitcoin products.
And and even with all that said, it's still absolutely going
nuclear. Anyways, one last quote here,
and this is from what's this, Jeff Park and he goes, it's
clear to me that the CME Group would prefer Bitcoin to trade
primarily as futures, positioning itself as a dominant
market with launches like BFF Bitcoin Friday's futures.
And if the CFTC had been as politicized as the SEC, we might
not have had a fair launch at all, which is very interesting
considering that we now know Gary Gensler is resigning,
resigning a January 20, 2025. All right now let's go into a
little more data. Shout out the Joe Consortia on
Twitter and he goes the Ibid options day one.
So far, the December 20th 2024 expiry is seeing its highest
volume in $65 strike calls with Ibid trading at 52.76 dollars.
Going to 65 reflects a spot Bitcoin price of $114,339.
The TLDR The market is bullish that Bitcoin's price ends the
year well over 100K. Now moving forward a little bit,
this is where it starts getting crazy.
We have Joe McCain on Twitter and he goes the I bit $100
strikes continue to trade crazy volume with super high open
interest. For these options to be in the
money, Bitcoin must trade around $180,000 by December 20th, 2024.
Could we see an 100% increase by the end of this year?
Roughly what, 29 days, 30 days a month from now?
That would be insane. Now, I did open the show with
this one quadrillion dollar derivatives market meme and and
this is kind of, you know, people debate this a little bit,
but as you can see, I, I use perplexity again here guys.
You know, the derivatives market is one of the largest financial
markets in the world, characterized by a tremendous
size and complexity. The notional value of the
derivatives market is often cited as exceeding 1 quadrillion
dollars. So obviously all that money
isn't going to flow to Bitcoin. But you heard it right.
Basically, one quadrillion dollars is now being opened up
and potentially going to go into Bitcoin.
And the extremely bullish nature of this is the traders out there
are looking at Bitcoin like we all look at it and they're like
the end of the year is going to be crazy.
Now are we going to see 180 K by the end of the year?
Who knows. All we know, at least from the
trading sentiment, is that everyone is expecting bitcoins
going to be above 100K by the end of the year, which on
today's price isn't that crazy. It's only three K Yes, 100K is a
psychological number here, but it does seem like the end of the
year, you know, Christmas holiday season.
We might be seeing a lot of bullish movement in the Bitcoin
price, which is going to set up an extremely bullish 2025.
And who knows, we might not just get one year of of, you know,
the last leg up of the bull run. It could be a little longer and
we're going to break that down in the numbers later.
But anyways, Nico, are you surprised that Wall Street, you
know, trad fight is this bullish on Bitcoin?
Obviously options is a is a rabbit hole.
It is a little confusing for most of us 65 IQ Bitcoiners, but
man does it surprise you how bullish they are on Bitcoin.
No, not at all, man. I think like really Michael
Saylor is pioneering right now and he's essentially proving to
the world that he has found a glitch in the Fiat matrix and
he's leveraging that glitch to essentially buy, you know, an
unlimited amount of Bitcoin And like, and his price, it's just
like this like self fulfilling prophecy.
And it's just his stock is just like tearing and it's just
ripping to to to to new highs. And again, it's like a rinse and
repeat, rinse and repeat, rinse and repeat, rinse and repeat.
And he might have found a glitch in this debt Fiat system that we
live in. And a lot of people are
speculating like, where is the top?
Where could this be at? I mean, like if there if he
truly did find a glitch in the system, like there is no top,
you know? And I think I've, I've heard him
say talk about this in the past before.
We are in uncharted territory. That's what I'll say, but from a
Bitcoin price perspective, can we hit 180 K by the end of the
year? Absolutely.
I think we can hit 180 K by January, by February, like
easily just on people anticipating a pro crypto, pro
Bitcoin administration going into the White House, you know,
like yeah, for sure. Listen, like a lot of people
were not expecting Bitcoin to. We were in the 60s and we were
in purgatory. We were depressed.
I don't know if you guys remember a month ago how you
felt or two months ago and all of a sudden out of nowhere, even
with Bitcoin at these crazy high numbers and the amount of
capital it takes to move, we went from 60 to 99 in like a
snap of a finger, right? So anything could happen.
That's why the best strategy is stay humble, stack SAT, stay
solvent, just acquire Bitcoin, think the long term and you're
going to be fine, you know, but you know, this is this
MicroStrategy story is not over. And what it's proved to Wall
Street. Wall Street is like a bunch of
hungry hyenas right now and they're like cold, you know,
like, like this thing is awesome and they're trying to figure
out, like they're trying to figure out, you know, should I
buy MicroStrategy? Should I buy spot Bitcoin?
Can we make I've seen stocks, you guys could see this too,
where it's a volatility on on, it's a, it's a, it's a leverage
volatility play on MicroStrategy.
Name of the stock is MSTU and essentially it does double what
MicroStrategy does. So if MicroStrategy goes down,
it will go down double. If MicroStrategy goes up, it
will go up double. Like it's so crazy.
So, and this is what Opti was talking about.
Like they can just come up with these freaking products out of
nowhere and just like, you know, figure out how to like monetize
Bitcoin in different ways. Now, I do want to emphasize this
because this is simply Bitcoin at the end of the day.
There's two things happening. There's two phenomenons, OK?
And both of them could be true at the same time.
And that's what I want everyone to keep in mind.
And we just broke 2000 live viewers.
So if you guys are enjoying the show, smash the like button.
Help us break 100 likes within the 1st 20 minutes of the show.
But this is what I'll say like Wall Street right now, like it's
like they just discovered a brand new toy and they're just,
they're going nut. They're like, Oh my God, this is
crazy. This is nuts.
Could that be bullish for the price from an investment
perspective? Absolutely.
But we have to remember why we're here.
I actually thought about this for a long time last night.
And it was because I saw like this chess grandmaster talk
about Bitcoin and the implications of Bitcoin.
And he's like these Bitcoin Bros, they just want to get
rich. They just want to get money.
But there's something underlying here that if it becomes
possible, I don't think people understand what is about to
happen. And that is the revolution,
right? Bitcoin, the revolution,
Bitcoin, the revolution only happens one way.
And that is buying Bitcoin, earning Bitcoin, mining Bitcoin
and putting that Bitcoin into self custody.
If enough of us do it, we will effectuate change.
So yes, number go up great, amazing, phenomenal.
But we have to remember why we're here.
We have to remember what we're fighting for and we have to
remember what the end goal is because that's what's going to
actually change the world and make the world a much better
place. The separation of money and
state and in the process of that, freeing the individual
from this machine essentially that enslaves them.
The way that I see it anyways, Opti freak.
Shout out to Opti because I've been doing some stuff in the
morning the last three days and he's been absolutely crushing it
as a host with these opening monologues.
So. Well, hey *** thank you.
Appreciate it. But before you go on, before we
we get the show going, you kind of reminded me of the meme of,
you know, Bitcoin is the Trojan horse into Wall Street for
freedom. We always talk about this.
And it is very interesting that now they are very much getting
engaged and they're loving Bitcoin.
And like you said, it's like their new toy and they're
they're obviously all looking for gains, though there is kind
of a growing trend right now with a lot of bit corners.
I don't know if it's because we're all contrarian.
We're like, we still believe that Bitcoin is a Trojan horse
into Wall Street for freedom. But if you know, part of me also
is starting to feel like maybe Wall Street being the Trojan
horse into Bitcoin is not all the good things that we think it
will be. And I think this is where the
battle is and it's what you just said.
You know, we're obviously we all love to see number go up, but
the real important aspect here is freedom go up.
And I think that's why it's very important for every single one
of us to stay vigilant, make sure that we are taking Bitcoin
into custody, make sure you're securing your own Bitcoin.
And obviously, if you don't have money in the traditional
financial system, then you don't just want Bitcoin exposure
through these ETFs and options. But it is going to show that
there is a lot of interest in Bitcoin.
And as Eric Balkunis was saying, you know, these numbers are only
going to grow, which means a lot of that Wall Street money is
going to get unlocked and it's going to come into Bitcoin.
They're going to pump it up. But it's, it's, I think more
important than ever for every single one of us to stay
vigilant. Make sure you're taking your
coins into custody. If you have cold storage
Bitcoin, they can't take that from you.
That is where the real freedom money aspects come from.
So I think it's very important to kind of remember this as we
continue to move forward and progress and mature as an
industry. And Wall Street obviously wants
those Bitcoin games because it's the best performing thing,
period. We've been seeing this
constantly this year and now it's it's becoming truer and
truer as the years go on. So 2025 is going to be very
interesting. Anyways, Nico hit the ad.
Absolutely. All right everybody, I do want
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link in the video description. Yeah, sorry guys, I'm I'm
attacking all the bots in our Twitter video.
So if you're watching in Twitter and you're you're going to
comment fight back against the boss anyways.
Anyways, I'm over here on Clarks movies dashboard and of course
wow. The Bitcoin price is currently
at 95,000 and $30. Very interesting.
I know everyone was watching hopefully that we'd get that
100K over the weekend, but it looks like we got a little dip
and a little correction. Healthy dip and healthy
correction. Anyways, the sets per dollar,
AKA how much Bitcoin you can buy for a single dollar, AKA how
much the dollar is worth in Bitcoin is currently at 1052
sets per dollar. The current block height is
871,942. The market cap in Fiat terms in
dollar terms is $1.88 trillion. We're going to break that 2
trillion soon guys, maybe by the end of the week.
And the Bitcoin versus gold market cap is at 10.17%.
Only 10% of the the hard money game has been secured by
Bitcoin. It is going to 100 soon enough
and the total money supply, the total percentage ever issued for
Bitcoin is currently at 94.22%, which means 19,000,780 seven
102.36 Bitcoin are currently circulating All right guys now I
mentioned this in the beginning, this great clip coming out from
Tour de Meester and our boy Marty bent over at TTFTC.
This is what I've been saying you know I I've been kind of
joking about it on the show that maybe you know maybe the cycle
theory is kind of running its last course.
I think we will still see cycles the next four years, but the way
Tour breaks this down, it just goes to show that this next year
might be a little crazier than we think it is.
And it could be a prolonged bull bull market, prolonged last leg
of the bull market. And, and this is going in.
I could have probably put this as a title because Tour says
within the span of two years, Bitcoin could hit $1 million.
Now, before you call us crazy and hopped up on opium, let's
hear how Tour explains this for you guys and how he's seeing
that maybe this cycle isn't going to play out like the 2021
cycle. It might not even play out like
the 2017 cycle. This time might be different and
we might be going all the way back to a 2013 S Bull Run.
So let's listen to this. So anyway long.
Sorry, what's going on over here?
You're playing it. I can hear it.
Oh. You hear it all right?
It's coming through my computer. So it's short to just say that.
OK, OK. Yeah, I don't know what's going
on. Let me, let me change.
Send me the link, I got it. I got it.
Hold on. So anyway, Long story short, to
just say that, you know, rather than predicting how high it's
going to go, I, I, I want to say maybe there's, you know,
psychological fuel in the tank for like a two year, like real
bull market. And, and then the fact that
we're starting with such a big push right now in the beginning
makes me very, very bullish. It reminds me of like 2013 where
like people thought like, oh damn.
Like it's going like we were to like 10 bucks in 2012.
And then we went to like 30, which was the previous all time
high. And then it just like zoomed
past that and we went to, I believe 1400, right?
Actually, no, we went to 270 in the spring of 2013.
Oh my God. And then it declined.
It went down to 80 bucks and people thought it was over and
then that in a span of just a few months, we just went back on
the horse and by the end of the year 2013, we were at 1200
bucks. So like from 11:50 hundred a
hundred X in two years time, you know, So the fact that we we had
we we have so much going on right now, it makes me very
bullish. And it's so it makes me think
like maybe this could be one of those two legged, like there's
gonna be a big fake out and then we just keep steaming forwards.
Yeah. And so all within a span of two
years. Yeah, we could, we could have a
oh man, it's like, it's weird to say, but it's, it's almost like
only a 10X from here, really. Wait, wait, let me, let me show
the chart. Let me show the the old chart
here so people can visualize now.
Now you go, Nico, go. No, no, no, I this is great.
I'm so glad you played this because this is like Monday
morning. Hopey Monday for bullishness to
the to the vein. OK, I've been telling you, OK,
So what you guys are seeing for anyone who's not familiar, like
those are the cycles and and terms of return, right?
So obviously the first cycle, what TUR was describing full 452
X, then the second title. The second cycle was 2017 did
100 X. Then the third cycle which was
2021 did a 20X. Now I have a theory about the
third cycle and I'm going to keep reiterating that effing
theory. I think it was cut short.
I know Chuck Matey disagrees with me on this but I'm sticking
to my guns. I think it was cut short by the
China ban and the cell pressure from those miners that needed to
sell Bitcoin to relocate to a more favorable jurisdiction.
I think it was an attack on the Bitcoin price by the CCP.
I do not think it was a coincidence.
Call me a conspiracy theory, call me whatever, and then you
can sprinkle in the FTX debacle that happened.
Now what has that caused? Bitcoin does the exact opposite
of what everyone thinks and what I saw in the 2021 cycle was
everyone thought everyone and their mother thought this thing
was going to hit 100K guaranteed back in 2021 mind you and the
the, the whole Plan B and the you know the whole thing right
the whole 9 yards it didn't do it and we went back to 16
everyone got surprised everyone was let down It was it was a big
let down of expectations. So what I'm seeing this cycle is
the common theme that you get on Bitcoin Twitter is the
expectation that Bitcoin is going to hit 100 to 200 K
That's. It when everyone in the room.
Is telling you what Bitcoin is going to do.
Bitcoin does the opposite. Now that can mean to the
downside and that can mean to the upside.
Technically, we could have hit the all time high and we could
be heading into a bear market and it would make sense because
no one is expecting it. Bitcoin does the opposite of
when everyone what everyone expects.
So what I personally believe, and I've been seeing this
pattern over like the, the, the entire year.
And The thing is we don't remember what this feels like
anymore. This has been a long time.
So I'm class of 2016. I remember the 20X20X in one
year that happened in 2017. A lot of you guys were minted
that year, right? You guys became bitcoiners.
That was your class. And I remember that year, like
it was like yesterday was gnarly, right?
In 2021, we didn't get that. And everyone was like chasing
the dragon of 2017. Like they thought they were
going to get that same, you know, kick, but they never got
it. So, you know, we're heading into
2025. The stars and planets Political
situation, Regulatory situation wall.
Street. Situation.
Nation state situation. It's all effing aligned.
It's all aligned. But we all forgot what a a a RIP
feels like, Like we've had little baby rips, but we all
forget what a 2017 waka feels like.
And the problem is that when you when you forget what that feels
like, you're like, I'm going to sell at 200, I'm going to sell
at 150. I'm smart as shit and I'm going
to buy when this bad boy goes down to 70 because I'm a genius
and this thing just goes rips to 500, leaves you in the dirt and
you're like, Oh my God, why did I do that?
That is what Bitcoin does, right?
And like, if everyone thought they were smart as shit trading
this thing, you know, everyone would have a lot more Bitcoin
than they do. It's it's incredibly hard to
predict where this thing goes, but I will tell you I'm not I'm
not an OG like turt. I haven't been here since 2013.
My class was 2016, but I see the signs he sees.
I see the same thing. And you know, a lot of people
were saying, Nico, the bull market, it's cancelled, it's
over. You know, when we were in the
60K region, I'm like, no, we're going to hit you guys could go
back and check the shows. I'm like, we're going to hit
100K by the end of the year. I was like very confident in
that and we're on the cusp of that now.
What you're going to try to tell me, sit across the room, right?
And just like use common sense, right?
Because Bitcoin has not broken from its from its previous cycle
patterns, right? You're going to look at me
straight in the eye and you're going to be like Nico, Bitcoin
breaks 100K in 2024. So the year before the halving,
right? And the year of the Parabola,
which was the year after the halving, which historically has
always been the most explosive in Bitcoin's history.
We're only going to two. XI, don't believe you.
I just don't believe you. Now, am I going to trade on this
information? Probably not.
Am I going to do anything off this information?
No. Is this speculation 100%?
But I'm telling you what my gut feels like I'm, I'm see what TUR
is saying is not that crazy because it's true.
It's only a 10X now it's it's a crazy 10X.
You know like $1,000,000 Bitcoin.
We're at 100K. You're like Nico, it's all going
to happen next year, bro, what the fuck?
And I'm not saying that it will, but I'm telling you I I would be
it would be disappointing for me if Bitcoin only hit 150K next
year. From where we are right now,
we're at 95,000 if all of next year 365 days of.
Trump's first. Year in office micro strategy
proving the Bitcoin strategy, giving a middle finger to all
the other traditional, you know, wealth manager people.
And then on the nation state level, you have Naimbu Kelly
just again giving the middle finger to the IMF saying ha ha,
I told you so. And now you're going to look at
me straight in the face. You're going to say, Nico, we're
only going to 150. I like I'm sorry, you know, and
again, it's unbelievable because we forget what this feeling is
like. We haven't felt this in Bitcoin
in a really long time. Last time we paid our dues, we
survived 2017. We survived 28.
No 17 was a party. We survived 2018.
We survived 2019-2020. We're like, Oh my God.
It's like, you think you're like, OK, it's over.
I need, I probably need a good job.
And then wack at that. But it wasn't a wack at that.
It was like a wacky, you know, it was like, it was tiny.
It was like a little like, you know, thank you for huddling,
but the party's starting. It's 2:00 AM.
Vibes are cooling. But you know, just they close
the party up too early. That's what 2021 felt like.
So we don't know this feeling from a Bitcoiners perspective.
We haven't felt this in a very long time.
And I think that's why, you know, this upcoming thing, if
Bitcoin follows its historical patterns, could be potentially
bullish. And I, I could be.
Reading the tea leaves. Here it could be totally wrong
and this is speculation. And don't trade on it, just stay
humblestax ads. But I'm telling you opti dude,
am I crazy? Am I the only one feeling this
way or seeing this? Well, I mean, I've been saying
it before we had all of this crazy stuff play out this year.
I was saying in the beginning of the year, I forget when you guys
can Fact Check me, but I feel like ever since April or March,
I've been saying like 300K seems to be in play.
And even if you believe in the diminishing returns theory,
which is obviously bigger number means it Bitcoin price isn't
going to go as high as it can if we even play that out.
And you look at this chart here and let me pull it up one more
time for you guys. You can see that even on
diminishing return standard, if we did a 10X from here, you
know, that's a 16X in a whole bull cycle.
That's less than the last cycle, but that still means, you know,
$1,000,000 Bitcoin. So even if we're only going to
do a 10X throughout this whole cycle, that's four more XS from
here, which is, you know, a roughly around $400,000.
So I know we're entering in two big numbers here.
And Niko, I have the same feeling as you.
It really feels like we all have PTSD, especially us in the chat,
you know, but like the big institutional managers, I saw a
Vanek report this morning saying like 180 K.
Is there like target right now and it just it doesn't feel like
Bitcoin's going to do only a 50% increase or 80% increase on the
last leg of the bull run where historically Bitcoin does what
what's the numbers that Sailor always says?
It's like 40% APR every year. So this is and this is the part
of the cycle where Bitcoin runs and does the suddenly moment.
So I don't know, I'm with you. I think 50% increase by the next
year, which is like the last leg of the bull run that seems more
unlike then say you know some crazy number move from here and
even if you believe in diminishing returns mean that's
still. No.
It's real obviously, but I I still but shouts out to Marty
Bent, you know, pod comp approved Marty Bent here for
saying that this time is different.
I'm I'm talking to a lot of bitcoiners and we're all kind of
having the same idea like this time does feel different.
Yes, Bitcoiners say it forever, but this time is actually
different because of, you know, president residential
candidates, the US strategic Bitcoin reserves, you have the
ETF and option market. Now you're having.
You were here. You were here.
You were here for 2017. Sorry.
I know you. Were here for 2017.
Remember the cope different that we told ourselves in 2018.
You remember one of the excuses it was the institutions are
here. Oh yeah, now they're here.
The. Institutions are here.
We would say. That in 2018, while the price of
Bitcoin was like falling like 20 Ki think it bottomed out like
3500, whatever, it was like dark, right?
Like your emotions are on into it seeing your net worth just
evaporate like that. It was it was terrible right,
But one of the coping mechanisms was the institutions are here,
bro. The institutions are here.
No, they weren't. They took a couple more years to
get there, but The thing is they're here now, right?
The ETF was approved in January. I think we're only up like 100%
this year, like 120%. I know, like, that sounds like a
lot. Wall Street, you're like Nico,
that's just fuck down. What are you talking about?
But in Bitcoin terms, that's really not a lot, right?
Yeah, yeah. What Higher calling said only 10
eggs. Welcome to Bitcoin.
It's so true. It's so true.
All right, everybody, let's get to the news.
We have lots to talk about. Let's check it out.
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Price you could get me. That's a joke, YouTube.
Yeah, OK, OK, All right, Enough trolling.
Enough trolling. I I forget I can't troll here.
All right. Anyways guys.
I. Apologize, I apologize upfront.
We are talking politics in the news.
I think this is I know, I know, I know.
Yeah, well, it almost is. It almost is and and and moving
forward we'll be we'll probably more be more critical if if they
don't do a lot of stuff that is bitcoiners like.
But we do have a little update here for those that aren't
following American politics as as closely as we are.
Obviously, we've been covering the last couple of weeks.
Dennis Porter is out there talking about state adoption of
Bitcoin. We have Cynthia, Cynthia Lum is
talking about the federal adoption of Bitcoin as a
strategic reserve stockpile. Well, we finally got the Trump
Treasury Secretary pick and you can see here from CNN, obviously
they're a little biased here, but it says Trump names
billionaire Scott Besson as Treasury Secretary pick.
Now, what does this have to do with Bitcoin?
Well, let's just play a little clip of him and what he thinks
about Bitcoin. And we'll kind of breakdown what
what he said and whether he maybe or maybe doesn't
understand Bitcoin as much as we do.
But that's besides the point. Let's listen to this.
I, I, I've been excited about the president's embrace of
crypto and I think it fits very well with the Republican Party.
The ethos of Wow, it's crypto is about freedom and.
That's so crazy. The crypto economy is here to
stay. The Democrats are running from
it because they're trying to wash off the stench of Sam
Bankman freed and you know, his family's donations to the
Democratic Party. So you know they're willing to
take down a whole industry because of bad behavior on their
part. Bad behavior 1 actor.
And, you know, I, I think that everything's on the table with,
with Bitcoin. And to me, one of the most
exciting things about Bitcoin is for a generation of investors
who maybe post the great financial crisis have been
looking for investment opportunities or maybe they've
soured on markets. Crypto is bringing in young
people. It's bringing in the people who
haven't participated in markets. And, you know, having a market
culture in the US and people believing the markets work for
them is a centerpiece of capitalism.
So it looks like we traded, you know, Treasury Secretary Janet
Yellen for Scott Bessett. And hey, personally, it seems
like he was struggling to get through that a little bit.
And you know, like, I know, I know, and I know.
And then like moving forward, moving forward, you know, there
has been some skepticism. First of all, is Parker Lewis,
he's here and he's like this guy doesn't understand anything
about Bitcoin. Like how do you make him head of
the Treasury of Secretary for 2024-2025?
And of course, doesn't understand Bitcoin, kind of like
that take, obviously. And then here is Max Keiser,
which is basically the only job the Treasury Secretary has to
get is, is to get out of the way of Bitcoin.
And based on that clip, it seems like maybe we've upgraded our
Treasury Secretary, of course, from Janet Yellen, who
historically has been very bad in regards to Bitcoin, to this
guy who has at least publicly being favorable in regards to
Bitcoin. Of course, saying Bitcoin is
freedom. Basically, it's a new economic
opportunity for the younger generations.
You know that Bitcoin and his freedom and as his quote was,
everything is on the table for Bitcoin.
So we'll see exactly how this plays out.
Whether Parker Lewis is right. You know, this guy doesn't
understand Bitcoin. You could argue that maybe Trump
doesn't fully understand Bitcoin, but as long as they're
talking favorably about Bitcoin, I think this is good.
Now I think the number is up to, I forget what it is, like 10 or
11 Bitcoiners in the Trump cabinet being pro Bitcoin, which
is now further, you know, further data points that this is
the most favorable Bitcoin president we've ever had.
You know, love him or hate him, he is a divisive figure.
But it seems like Bitcoin is going to have a lot of running
room for 2025 or the next four years rather in the Trump
administration. So it seems like we got a pro
Bitcoin secretary of Treasury, which is obviously bullish for
Bitcoin as the price there. There's definitely concerns of
kind of what I said in the beginning of like, you know,
Wall Street trying to Co-op Bitcoin.
It's not just about number go up, it's about freedom go up,
but it looks like we are going to have favorable legislation in
regards to Bitcoin. Now, I do kind of have, you
know, a personal caveat here about Scott Besson because he
is. Listen, I'll just put it this
way. I'll put it nicely.
You guys could do your research on it, but some of his friends
and his historical connections aren't the best.
Well, he is basically George Soros's prodigy and was a part
of the a part of the the sterling crown.
You know, the the shorting of the of the pound.
Yeah, it's completely, completely true.
So there is some trade-offs and caveats here.
Wait, wait, hold on. You have to be when you make
that sort of claim. Dude, you talk, you talk and
I'll pull it up. OK, so he he's connected to some
sketchy thing about shorting the pound, right?
Yes, Sir. OK.
So he's not perfect.
Is he an improvement than where we are right now?
100% OK, so here you go Served as CIO at Soros fund management
partner with George Soros you know, driving force behind Soros
1992 shorting of the British pound.
So hey, you know, he's a, he's a Wall Street guy, but you know,
it, it'd be a, it'd be a missed opportunity if we can talk
about. But hey, his Bitcoin position is
very favorable and it sounds a lot better than what we're
hearing from Janet Yellen. So only time will tell, Nico.
But anyways, now that you have all the information, Nico,
what's your thoughts on this? First of all, we're at 191.
Like guys, if you guys are enjoying the show, make sure to
smash that like button. It really, really helps with the
algos and pushes this content forward.
I mean, dude, like this current administration, they, I don't
think it's about Sam SBFI think they're ideologically opposed.
I think that they want a CBDCI think Bitcoin is, is a
competition to a CBDC. So you know, they want to create
kind of like this monopoly environment where that CBDC can
thrive. Because if people have a choice
between Bitcoin and ACBDCI think Al Rhodes lead to Bitcoin, it's
just better, just better money. It's inevitable.
So they kind of have to coerce people into a continuation of
their system. Now, again, the caveat here,
right, fundamentally, these are all politicians going into
government and Bitcoin, in my opinion, if you let it do its
thing, it not it like not in a forceful manner.
It just makes government smaller because it kind of limits the
ability for government to print money the way they see fit and
the way they they the print money is how they pay for
things. Essentially, you know, and
they'll they'll dress it up and they'll say deficit spending and
you know, blah, blah, blah. And you know, the debt and like,
whatever, it's a Elon simplified it when he was doing all his
like tours for the Trump campaign, but he was like,
basically like, look, inflation is a tax.
Like like when they, when they print money, that's a tax.
Like essentially, it's not a direct tax, not income tax, but
it's a tax and it's a tax to pay for government spending.
So you know, like we've, we've all seen the meme, right?
No matter whether it's red or blue, they both do the same
thing. They just, they print money and
they deficit spend and blah, blah, blah.
So, you know, now that we have Bitcoin kind of coming in, you
know, are bitcoins incentives? That's the key.
Like that's the key thing here. Are bitcoins incentives greater
than the incentives provided by the Fiat money printer, full
stop? I think that's the question.
Are bitcoins incentives greater? I think, yes, I think it's not
going to be perfect. I don't want the last thing I
want is people to have all these high expectations to be like
orange Man is going to pump this to them, even though he promised
us that at the Bitcoin conference.
He's I'm going to make you guys rich.
That's what he said. Well, Nico, rhetorically
speaking, Trump has pumped our bags just by being elected.
Give. It to him, the Trump pump, you
got to give it to him. I mean, we did pump from like 60
to like almost 100. So I mean, he is kind of right.
Yeah. I don't know.
I don't know, dude. This is what I was saying in the
beginning of the show, Opti. This is what we were we were
talking about in the numbers. How could you not be bullish
heading into next year? And you're going to tell me with
all these people that are like going to get out of the way,
they're even if they're not like 100% good, like they're
definitely better than what we have right now, which is like
open hostility, right, proposed mining taxes and like whatever.
No, they're saying they made it part of their party platform to
get the F out of the way and to support the industry.
So even if they keep 25% of their promise, that's better
than where we are right now. So, and they're all saying like,
I like Bitcoin. So like they would have to like
essentially do like 180° turn and be like, you know what?
Actually, this Bitcoin thing is a scam.
We don't like it anymore. Like I'm telling you, the reason
that it's so unbelievable for most people to picture this is
because they're scarred from what happened in 2021.
Everyone is still kind of like, oh man, like, you know,
diminishing return that that's the, that's the, isn't that the
narrative this time around, Opti?
It's like diminishing returns. Bitcoin is boring.
It's over. It's this, it's that like that's
the narrative this time. I feel it, bro.
And I still think Bitcoin has so much life in it.
It's Infinity divided by 21 million, right?
And this thing's going to like, it's a black hole, like it's
just going to swallow everything up because it's just, it's just
a better store of value. It's as simple as that.
I mean, Sailor has described it in so many different types of
ways, but it's just a better, it's just better.
It's a better store of value. Look, I was, I was like, I
forget who I was talking to, talking to this about with, but
like you're like a higher net worth individual.
You have to play shenanigans to get a return.
You have to get real real estate, you know, the S&P like
an index fund and like, you know, good return, whatever six,
8%. Are you really beating
inflation? Like if you if you trust the
numbers, you are. But are you right with Bitcoin,
it's like you get a solid 2030% without paying fees, without
having to rely on someone else, without someone else holding
your money. I mean, it's just better.
So, you know, and now that the US government could potentially
going to buy some and then they're they're they're saying
that they're going to get out of the way from a regulatory
perspective, bro, I mean, let's see January 20th.
I think that's when rubber when what's the saying when rubber
meets the road? I think that's the saying.
And let's see. I I want to see I'm going to
really be paying attention to this.
He said free Ross day one. So it's it's like, OK, fine.
January 20 maybe that's and. He doubled down.
That said all. What'd he say?
All promises will be kept. Yeah.
So maybe, maybe. He's.
Maybe, you know, maybe the maybe it's too much to ask on January
20th, but I'm telling you it's if it's going to be January 25th
and Ross is still not in a prison, I'm going to be a little
bit upset. I'm not going to lie.
And you'll be like Nico, the joke's on you.
You know you trusted a positive. Yeah, we can make fun of you
then. If you dude, I tried.
At least I tried to get, I tried to free Ross, you know, So my,
my more my conscious is clear. You know, I don't, I don't
foresee that happening. I think the Bitcoin class, the
Bitcoin donor class is becoming more and more influential and
more and more powerful. As number go up does it's thing
and as number go up does it's thing and more Bitcoiners are
become very wealthy. Obviously their influence over
society is going to grow. That's inevitable.
That's how it works, right? And, you know, the more
influence you have over society, the more kind of influence you
have over politicians, right? The, the, the donor base, like
Washington, DC is run by donors. That's how it works.
Like it's, it's not supposed to be.
It's not the way that's supposed to work, but that's how it
works. So now you have the military
industrial complex being a part of the donor class.
You have all these special all these companies, you know, like,
you know, everyone sees it the world like I call that the
continuing air conference, the continuing air donor class
versus the Bitcoin donor class, right?
So we've never seen the Bitcoin donor class.
We don't even know what this is like.
We don't even know what winning feels like, right?
So we could be entering into a year where there is nothing to
compare it to. Going back to what what
Turdemister was saying, what Marty was saying, what Opti's
saying, what I'm saying, there is nothing to compare 2025 to on
a in a historic sense in Bitcoin's history, 2017 was not
like this. It was 100% retail driven and it
was a mania and it was the ICO boom.
None of this Wall Street stuff here, like there was no ETF,
there was no government approval, there wasn't a
president saying he's going to not sell Bitcoin to a Bitcoin
conference. Like even Trump said it.
This is my last bit because I've been rambling.
But even Trump said it at one of the things that he said at, at
in his speech in Nashville. He was like, you know, this
industry is still in its infancy.
So and I agree with him. And it's very hard to picture
this look, and if I told you what the Internet was going to
be like in 1990, seven, 1998, you would not have believed me.
You would have been like, what do you mean?
You're you're going to be hosting a show over the Internet
and you're going to be streaming it to 4000 people.
What about the bandwidth? And like, that's impossible.
There's what how people aren't going to use that.
What are you talking about? Like that's how hard it is to
comprehend what it is I'm saying.
But if you use common sense, it's obvious it's not rocket
science like. All it's.
It's all. Lining up.
It's all lining up now. Does that mean anything is
guaranteed? No, I mean, that's where the
speculation comes in, right? But you know, I'm very
confident. Someone in the chat shorting to
20K guys, I'm very confident in in, you know, a number go up and
I'm feeling really good about 2025.
Let's see if I'm wrong. I'll leave it at that all.
Right. Hold on, hold on, hold on.
But we're just we're pumping it up.
It's Monday. We got to have fun.
All right, everybody, let's hit the culture.
We have lots to talk about today.
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Before we jump into the before we jump into the culture, I do
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like bit block boom 2025. All right, I'm going to open
this and have kind of like an open discussion with Opti and
I'm I want to talk about El Salvador.
The reason I want to talk about El Salvador is because me and
Opti were just in El Salvador. We were there for a week.
I think this is the second or third time that Opti and I have
been there. We had a epic setup.
I Sophie, thank you for for shouldering it and you know,
packing yourself into an apartment of of the whole simply
Bitcoin, simply Bitcoin. Mother.
But we had a six set up. It was like facing the volcano.
I love those shows. It was like one of the best
backdrops we've ever had. I didn't think it was going to
be that epic. Shout out to Murphy and and
Reverend Hoddle for helping us to set up everything.
But in those lights, man, those lights are so bad.
They're so huge. They're so perfect.
Those lights, they lit up the face.
Amazing. It's amazing.
Yeah, it was so blinding, dude. I I didn't like those play.
Literally spotlight. We were we were backlit, bro,
like I mean, it was it was gnarly.
So anyways, we just had this adventure in El Salvador.
We streamed the adopting Bitcoin conference had some interesting
adventures there, you know, with the Internet in the middle of
the jungle, But it was a it was a great experience at the end of
the day. And, but I, I do want to talk
about El Salvador because Opti, you and I, you know, we kind of
explored the city a little bit, went out to eat.
We were walking on the streets, you know, and you and I are both
Hispanic. For anyone who doesn't know, I'm
originally from Venezuela. Opti's originally from Mexico,
so. What would you say?
Is like the difference, like I, I feel it for me more so than
the infrastructure and the streets and whatever, even
though it is getting like cleaned up.
Without a doubt. It's the people, bro.
I feel the vibe shift. It's very, very difficult to
describe, but you see hope in people and regularly I would
feel very unsafe in The Walking through certain neighborhoods
and certain situations. And it's not that maybe I felt
like, OK, I had to like look over my shoulder sometime.
That was like the natural reaction, but I felt like it
was, I felt a lot safer, like if I was doing that in the
Dominican Republic or something, like I would be sketched out.
But in El Salvador I felt like, you know, I was like, I think
I'll be OK. And I really felt that I, I have
not been to El Salvador and found myself in a situation and
you know what, like you feel it in your gut.
These are the types of you you find yourself in those
situations in Latin America. If you know, you know or you
find yourself in a predicament in your gut, it's telling you
you are in danger. All right, that you feel it.
It's like this like a little like your, your hair stand in
the back of your neck and you're like, OK, maybe I should not
have walked down the street, right?
You feel that? You get those vibes.
I have not felt that one time since I've been to El Salvador
and I've done some inch like there was one time where my
shoes broke and I got into like an Uber and I'm like, hey, my
shoes broke. I need super glue.
And he took me to a bodega And I go to bodega and I try to buy
and pay in Bitcoin and they're like, no, we don't accept
Bitcoin. And I'm like, I try to pay with
my car and they're like no one accept Bitcoin.
And there's a guy next to me, total stranger and he offered to
pay. He's like he had like a 1/4 or
something and he paid and I super glued my shoes and
whatever. But that's the type of shit you
don't do. Right.
It's not like people go missing, right?
And I was just like, I did not feel unsafe and I'm just talking
about. The capital, San Sarola.
Because that's been the majority of my experiences.
But again, I've talked to the people.
The airport is so nice. It's like they clean it up.
It's incredible. It's like very clean.
I think this is a combination of the Buchele effect.
Like he is, his leadership is. You cannot deny the guy has, you
know, increase the quality of life in that country, which is
why believe he's as popular as he is.
Who would have thought, right? This is the ball of this the job
of a of a president. Who would have thought?
And then I think it's making Bitcoin legal tender, which
fixes the base layer of society, which I know it's going to take
a little bit of time for them to fully feel that effect.
But I'm telling you, there's something really deep about
that. Like there's something different
about being in Bitcoin country. And I asked, I asked Kaiser
about it when he came on the the news desk during adopting
Bitcoin. I said, like, what is this?
And his answer was so short and sweet.
But he says, like El Salvador is the first country that has gone
out of the fourth turning mic drop.
And that's when I'm going to pass it on to Opti.
Opti, do you agree with me as a Hispanic, as a Latin American?
Do you see the hope? Do you see the Peranza in El
Salvador? What's your take?
Yeah, definitely. I mean, first of all, Nico, I
think you did kind of hit the nail on the head.
Like it's still a developing country.
Obviously, this the first time I've been in in the capital, San
Salvador. I've been, you know, a Bitcoin
beach. We've gone a little farther and
the vibes on the beach are obviously it feels great.
It feels very like tropical and you're like, you know, you're
sitting in the cabana, you're going in the water, you're
eating some good food. It feels a little more like
tourist, the like more of a tourist destination.
But being in the city, I was, you know, maybe I was a little,
a little too bullish and I, I expected it to be, you know,
fully developed, but obviously it's a developing country, but
you can definitely feel the vibes there.
And that's kind of was the most interesting part about it.
We walked around, I forget what it was like the historic capital
and Nico actually he was hanging out.
So it's me, Jacob and Sophie and we got the kid, you know, we got
baby Nico with us the whole time we're pushing it around in the
stroller. And you could definitely feel
like there is a palpable sense of like hopefulness and people
being encouraging of tourist. And there is no like weird looks
or anything. And it's like, I don't, it's
hard to explain because it, there is like a vibe there where
you can tell people are happy. They're obviously in love with
Buchella and what he's done for their country.
Not only did he make the country safer, but by embracing Bitcoin,
he's made or rather he's put El Salvador on the map.
And it is going to be very interesting to see what El
Salvador does in the next 10 or 20 years if they can leapfrog a
lot of these nations and become a superpower in in Latin and
Central South America. Because, you know, we were, we
weren't at that close to the Google building, but from our
apartment you can see around the corner like the Google building
was there. So it is very incredible.
What Bucala is done, obviously it's, it takes a while to
completely turn a country or country around, but like the
vibes there are great. The people are friendly, you
know, the people are very hopeful.
You can just feel like there is an energy there of people
wanting to not only get better, but like understanding that they
are on the world stage now and what they're doing there is very
important. And obviously Bitcoin is a part
of that. And so going down there, seeing
the city was great. We had a blast in the jungle.
The venue for adopting Bitcoin was awesome.
You know, the only caveat was the storms and the fact that our
Internet kept messing with us. Other than that, we had a great
time. We were at steak the whole time,
like it was. It was great, man.
I had fun. Dude, the steak, man, it's
crazy. The quality of the steak,
they're incredible. Incredible.
Yeah, man, I, I, I agree with that assessment.
It's just, you know, amazing country.
Very, very bullish about its future and what Bokele has done
in just short amount of time. I mean, it proves like, isn't it
crazy, Opti, that, you know, a president like he gets into
office and he lowers crime and he creates a positive
environment for private property and small business to thrive and
small business thrives and everyone wins and everyone gets
wealthier. Isn't that crazy?
Is that such a crazy concept? It's so simple for us.
Like it's like, yeah, just, you know, create a safe environment
so that people feel safe and they can raise their family,
protect private property. That's the whole role of.
That's why we're paying for government.
Not to go to war. Not that's not, that's not why
we pay for government, right? It's to protect private
property. This create a safe environment
where you can kind of raise your kids and you have to look over
your shoulder and whatever. And he created that and look at
that. He's very popular for it.
Oh, like it's not it's not difficult, you know, but I think
Fiat has like Frankensteined like politicians.
So driving I think politicians have been like they Frankenstein
what the role of government be. It should be because they feel
empowered by Fiat and the money printer like like I think it's
like it's like a it's it's intoxicating for them.
Like it must be a power. You imagine like everyone spends
hours like working their asses off for like this money and then
all of a sudden you like win a popularity contest and you're
like college for everyone is free.
Like dude, that must be intoxicating like that, that
that power must be crazy. And I think over the decades,
like it, like it, it bloats these politicians egos.
And then you kind of end in a situation where you are today in
the United States where it's like all the money printing all
this thing. We're like in the wealthiest
country. And then the middle class can't
afford homes. That wasn't like that 20 years
ago, 30 years ago. Supposedly we were poor back
then. What happened?
It's Fiat. It's Fiat.
It's like money. It's the broken financial
system. This is what Bitcoin's all
about, right? So anyways, I'm glad that we
don't have to talk about elections anymore.
I'm glad we don't have to talk about politics.
But you know, at the end of the day, this is Bitcoin.
Bitcoin fixes a lot of things. By the way, you don't have to
wait or move to El Salvador to start benefiting from Bitcoin.
You can start doing that today. And all you got to do is buy
Bitcoin, earn Bitcoin, mine Bitcoin, put that Bitcoin in
self custody and bom, bom, Bing boom bom, you're going to,
you're going to benefit. It's going to be great.
It's going to be phenomenal. You're going to love it.
Wait, do that again. Oh man, wow.
That's great. That's great.
Yeah, man, it's it's it's definitely interesting to see
what El Salvador is doing. Like that's Kaiser quote, first
country to leave the 4th turning.
Like, I think that's a very powerful, powerful observation.
And I think, you know, the next 5-10 years is going to be
interesting not just to watch what happens in El Salvador, but
watch what's happening in, you know, European countries when
they're actively fighting Bitcoin.
It's going to be very interesting to see if the US
does embrace Bitcoin and or rather like, you know, does a
little more laissez faire and like stops trying to cripple the
industry. It is going to be very
interesting to see what countries do when there is a
fork in the road and whether they embrace Bitcoin or not.
I think it's fundamentally going to show who the winners and
losers are going to be moving forward in this, you know,
latter part of this decade and moving into the next decade.
And Naibu Kelly is will forever be the first president to adopt
Bitcoin, the first country to adopt Bitcoin.
And I think that's really changing the trajectory of the
country. And now we're seeing that the
laggards are going to have to follow soon.
So hopefully, you know, where I'm US centric, I'm more of an
American supremacist here than Nikko, but I believe in the idea
of American excellence. And I really do want to see
America embrace Bitcoin, especially considering we are
the World Economic power right now.
And you know, again, quoting Kaiser, if if Trump and his
administration is smart, then they're going to be following
Buckley lead and you're going to see the exponential growth from
all of these countries that again either embrace Bitcoin or
the exponential. I don't know what the opposite
is decline of these countries that don't embrace Bitcoin.
I. Think the way that you you
phrase it, which is like you're just America first.
You're like, OK, let me put America first because.
Again guys, I'm I'm an American public school student, so I only
think about America. But but let me, I want to
emphasize this like just because you're like, OK, I want to put
my like country first. Doctor Jack in the chat Let's.
Go Donald J Trump is not a Boo Kelly.
Doctor Jack, by the way, we just finished editing your talk,
which got ripped because the Internet went conveniently down
at a specific time. We had to put the video through
processing and whatever, all this crazy stuff.
We have it ready. It'll be uploaded soon on
Twitter. Anyways, that being said, you
guys have to check out this Doctor Jacks talk from Adopting
Bitcoin. It was mind blowing and
unfortunately me and ATI were running around trying to figure
out the tech situation while this amazing talk was happening.
And also Doctor Jack roasted me. So you guys, there's a funny
moment there. I got roasted because of my blue
lights. I have blue light blocking
glasses. I'm wearing them right now.
It changed my whole trajectory that that was a powerful speech.
I've been, I've been binge watching Doctor Jack content and
I'm like so wrecked in my apartment.
I'm like, oh, the blue light's killing me.
I'm waking up earlier. I'm getting some sun on me in
the morning. Doctor Jack, first the message.
Heard the first thing you do, you wake up, you get sun in your
eye. 100 percent, 100% Wait. Nico, you're getting trolled.
You gotta wear. I'm going to buy some soon.
Doctor J, if you don't know, watch the watch the presentation
we're going to be post. We're going to be posting it
this week. We we had to process the audio
out of it like last week, but it it's ready.
We've been working on it. Shout out Murphy because he's
really come through. But anyways, guys, I hope you
guys enjoyed the show and if you guys did, make sure to smash
that like button. Consider subscribing if you feel
like we provided you value. But again, the number one thing
you could do to help push the peaceful Bitcoin revolution is
share this content. In fact, share all Bitcoin
content. Get the message out there.
And that's, that's really how we win, really, really winning over
the hearts and minds of individuals.
Anyways guys, love you all. We'll be back tomorrow from a
brand new episode of simply Bitcoin live.
I'm your Co host Nico Opti and the host seat today three days
in a row. Absolutely crazy.
Nico, Nico, why? Why am I keep doing your job bro
I I'm. Business bro.
Alright guys, love you all. We'll see you tomorrow.
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