1 00:00:03,880 --> 00:00:06,920 It's all going to zero against Bitcoin. 2 00:00:07,520 --> 00:00:17,400 It's going up forever. You're against Bitcoin. 3 00:00:17,440 --> 00:00:25,160 You're against freedom. Yeah, welcome to Simply Bitcoin 4 00:00:25,160 --> 00:00:26,360 Live. We're number one source for the 5 00:00:26,360 --> 00:00:29,520 peaceful Bitcoin revolutionary color breaking news culture, 6 00:00:29,520 --> 00:00:31,520 Matic Warfare. We will be your guide through 7 00:00:31,520 --> 00:00:33,920 the separation of money and state. 8 00:00:34,320 --> 00:00:39,280 Guys, welcome help. Welcome to the Valentine's Day 9 00:00:39,280 --> 00:00:45,360 special, February 14th of the most watched Simply Bitcoin only 10 00:00:45,360 --> 00:00:48,800 live show on YouTube. Rumble and X Guys, welcome to 11 00:00:48,800 --> 00:00:51,160 Simply Bitcoin. If you guys are new to the 12 00:00:51,160 --> 00:00:54,440 channel, we have a lot in store for you today. 13 00:00:54,440 --> 00:00:57,320 We have a great show. But first, we're going to start 14 00:00:57,320 --> 00:01:00,680 off with, you know, the question, the question, the 15 00:01:00,720 --> 00:01:04,599 ultimate question, why is Bitcoin going to go up forever? 16 00:01:04,920 --> 00:01:06,520 So we're going to ask that question. 17 00:01:06,520 --> 00:01:07,800 We're going to answer that question. 18 00:01:07,800 --> 00:01:11,160 We're going to also answer the question as to why Bitcoin 19 00:01:11,160 --> 00:01:14,960 continues to go parabolic. We've been talking about it for 20 00:01:14,960 --> 00:01:18,640 the last couple of days. There's a there's a supply 21 00:01:18,640 --> 00:01:22,040 shock, and that supply shock is about to get cut in half in 22 00:01:22,040 --> 00:01:27,080 April, and Wall Street continues to gobble up enormous amounts of 23 00:01:27,080 --> 00:01:29,000 Bitcoin. We have the data for you. 24 00:01:29,360 --> 00:01:32,960 This is absolutely insane. This is completely uncharted 25 00:01:32,960 --> 00:01:38,080 territory, and I'm gonna go back to what I said on yesterday's 26 00:01:38,080 --> 00:01:39,880 episode. Highly recommend watching that 27 00:01:39,880 --> 00:01:44,200 one where I said, listen guys, last bull market was cut short 28 00:01:44,200 --> 00:01:49,280 because of the CCP Bitcoin mining ban, but I don't think 29 00:01:49,280 --> 00:01:50,680 that's going to happen this cycle. 30 00:01:51,080 --> 00:01:55,200 And then you sprinkle in the ETFs and then you sprinkle in 31 00:01:55,880 --> 00:01:59,000 the halving coming up. It creates a perfect storm. 32 00:01:59,000 --> 00:02:02,680 Now I'm not saying it's a sure thing, right? 33 00:02:02,680 --> 00:02:06,200 Because, you know, it felt like a sure thing back in 2020, 34 00:02:06,200 --> 00:02:10,000 2020-2021. But, you know, it does seem like 35 00:02:10,000 --> 00:02:13,040 all the stars are aligning. And there's a part of me that's 36 00:02:13,040 --> 00:02:17,160 like, the reason that I'm like, so skeptical about it and a lot 37 00:02:17,160 --> 00:02:20,760 of us are skeptical about it is because a lot of us have PTSD, 38 00:02:20,760 --> 00:02:25,720 especially if you're a class of 2016, 2017, we have PTSD from 39 00:02:25,720 --> 00:02:29,080 the last cycle kind of cutting it short a little bit. 40 00:02:29,080 --> 00:02:30,320 Right? And a lot of people are like, 41 00:02:30,320 --> 00:02:36,040 wow, like I, I, you know, I endured the 2018-2019 bear 42 00:02:36,040 --> 00:02:37,920 market, which was absolutely brutal. 43 00:02:38,080 --> 00:02:39,920 And then this is what I got right. 44 00:02:39,920 --> 00:02:42,360 So a lot of us are still kind of like in disbelief. 45 00:02:42,360 --> 00:02:44,720 You know, we, we, we, we, we see the price go up. 46 00:02:44,720 --> 00:02:46,400 It feels good. We're like, I remember this 47 00:02:46,400 --> 00:02:49,320 feeling, but at the same time we're like like looking you 48 00:02:49,320 --> 00:02:51,520 know, over our shoulder, kind of skeptical. 49 00:02:51,760 --> 00:02:56,680 So, but anyways, if you look at the data, the data tells a very, 50 00:02:56,680 --> 00:02:59,600 very strong story. And we're going to get into all 51 00:02:59,600 --> 00:03:01,600 that today. The other part of the show 52 00:03:01,600 --> 00:03:04,280 during the news and the culture are going to continue covering 53 00:03:04,280 --> 00:03:09,000 the separation of money and state, how the states attempted 54 00:03:09,680 --> 00:03:12,440 resistance against the adoption of Bitcoin. 55 00:03:12,440 --> 00:03:16,040 The separation of money and state is ultimately futile. 56 00:03:16,160 --> 00:03:20,440 It's not going to work, but doesn't mean that they can't 57 00:03:20,440 --> 00:03:23,200 make your life incredibly difficult, especially if you 58 00:03:23,200 --> 00:03:26,360 live in a jurisdiction that is hostile to Bitcoin. 59 00:03:26,360 --> 00:03:27,560 So we're going to cover all that. 60 00:03:27,560 --> 00:03:28,960 We're going to go through the history. 61 00:03:29,440 --> 00:03:32,400 We're going to go through some of the latest talking points and 62 00:03:32,400 --> 00:03:35,560 you and you've heard this coming out of the current 63 00:03:35,560 --> 00:03:38,960 administration, coming out of some politicians. 64 00:03:39,360 --> 00:03:43,760 You have to understand that put put taxation aside. 65 00:03:44,080 --> 00:03:47,520 Let's not talk about that on the show, but let's talk about the 66 00:03:47,920 --> 00:03:51,200 indirect taxation, which is truly how governments are able 67 00:03:51,200 --> 00:03:54,880 to spend more than they collect in tax revenue, which is the 68 00:03:54,880 --> 00:03:59,120 taxation of inflation. And really what that is, is a 69 00:03:59,120 --> 00:04:03,040 wealth redistribution mechanism. And you have politicians and 70 00:04:03,040 --> 00:04:06,800 bureaucrats and a whole administrative state that is 71 00:04:06,800 --> 00:04:11,640 built on top of that mechanism. What happens when that mechanism 72 00:04:11,640 --> 00:04:15,000 gets removed? Right, What happens, right, all 73 00:04:15,000 --> 00:04:18,360 of human society changes, right? And this is the theory from the 74 00:04:18,360 --> 00:04:21,600 sovereign individual. This is the theory that not only 75 00:04:22,040 --> 00:04:24,560 is it talked about in the sovereign individual, if you've 76 00:04:24,560 --> 00:04:28,000 gone, if you've been in Bitcoin for a while and you go down the 77 00:04:28,000 --> 00:04:31,600 rabbit hole, you reach that inevitable conclusion. 78 00:04:31,600 --> 00:04:34,480 Like, holy shit, this is really going to change things. 79 00:04:34,800 --> 00:04:37,720 And I'll give you guys examples. If you guys are bitcoiners, have 80 00:04:37,720 --> 00:04:41,200 you guys walked around the airport, like through the TSA? 81 00:04:41,200 --> 00:04:43,600 And then you're just like walking around like Normieland 82 00:04:43,600 --> 00:04:47,080 and you're looking around and you're just like realizing, 83 00:04:47,080 --> 00:04:50,080 like, how inefficient this stuff is, right? 84 00:04:50,400 --> 00:04:52,040 That's what I'm talking about, right? 85 00:04:52,120 --> 00:04:56,640 But the world hasn't woken up to this new paradigm shift, to this 86 00:04:56,640 --> 00:04:59,560 new reality, which creates a massive opportunity 'cause it's 87 00:04:59,560 --> 00:05:02,200 cheaper Bitcoin. But you're running out of time 88 00:05:02,200 --> 00:05:06,400 because Wall Street has woken up to Bitcoin's incentives and 89 00:05:06,400 --> 00:05:10,280 they're coming in hard and they have a lot of money. 90 00:05:10,480 --> 00:05:13,120 So don't sell your Bitcoin to Larry Fink. 91 00:05:13,440 --> 00:05:16,520 And this is just beginning. Like this ETF got approved in 92 00:05:16,520 --> 00:05:18,680 January and look at where we are now. 93 00:05:18,720 --> 00:05:21,360 This is going to be a a crazy crazy ride. 94 00:05:21,560 --> 00:05:23,680 Anyways, no more delay. This is the Valentine's Day 95 00:05:23,720 --> 00:05:27,440 special, so coiners, we don't have girlfriends. 96 00:05:27,760 --> 00:05:30,600 So I'm bringing on. I'm bringing in the next best 97 00:05:30,600 --> 00:05:35,480 thing which is my best friend, my Co host Optimist Fields to 98 00:05:35,880 --> 00:05:39,080 come on today's episode. But the good thing is guys that 99 00:05:39,080 --> 00:05:42,000 we are heading into a bull market so we all might get 100 00:05:42,000 --> 00:05:43,360 girlfriends at the end of all this. 101 00:05:43,360 --> 00:05:48,080 So there. Is some good news. 102 00:05:48,080 --> 00:05:49,360 There is. Light at the end of the tunnel. 103 00:05:49,360 --> 00:05:51,800 If you huddle to the end of the bull market, you might get a 104 00:05:51,800 --> 00:05:53,400 girlfriend anyways. How you doing Opti? 105 00:05:53,960 --> 00:05:55,880 I'm doing wonderful, bro. Life's good. 106 00:05:55,880 --> 00:05:58,080 God is good. You know, usually my mom's the 107 00:05:58,080 --> 00:06:02,120 best Valentine day, but I guess Nico's the best Valentine's Day. 108 00:06:03,360 --> 00:06:04,400 The partner, I don't know. I don't know. 109 00:06:04,920 --> 00:06:06,400 Yeah, I showed up. Today is. 110 00:06:08,840 --> 00:06:11,120 This is this our Valentine's Day date? 111 00:06:11,120 --> 00:06:12,320 Is this the day? Yeah. 112 00:06:12,360 --> 00:06:13,640 Wow. Yeah, live on air. 113 00:06:14,160 --> 00:06:17,000 Simply Bitcoin dating channel coming soon. 114 00:06:17,720 --> 00:06:20,200 Yeah, man, what a what a crazy, crazy time. 115 00:06:20,200 --> 00:06:24,400 It it feels good 50 what we're at 52 K right now Bitcoin just 116 00:06:24,400 --> 00:06:28,640 passed a trillion dollars market cap Again, it's almost like we 117 00:06:28,640 --> 00:06:30,120 were right. It's almost like we were right. 118 00:06:30,120 --> 00:06:36,600 But also on that same vein I think we also need to stay very 119 00:06:36,640 --> 00:06:40,680 vigilant right now. I was watching the Whitney Webb 120 00:06:40,680 --> 00:06:43,440 Mark Goodwin on what Bitcoin did this morning. 121 00:06:43,600 --> 00:06:45,600 I highly recommend you guys watch it. 122 00:06:45,680 --> 00:06:48,600 It's a good, good rip. I have like 20 minutes left. 123 00:06:48,880 --> 00:06:51,600 Highly recommend you watch that. So I think it's very important 124 00:06:51,600 --> 00:06:55,520 that we don't get caught up in the number, go up fervor and we 125 00:06:55,520 --> 00:06:58,120 remember why we're here with Bitcoin and what we're really 126 00:06:58,120 --> 00:07:00,280 trying to do. So I think this is going to be a 127 00:07:00,280 --> 00:07:02,880 very important year and we're just starting to see it play off 128 00:07:02,880 --> 00:07:04,880 right now, pop off. So it feels good, man. 129 00:07:04,880 --> 00:07:07,000 It feels good to be a bitcoiner. Yeah, maybe. 130 00:07:07,000 --> 00:07:09,120 Maybe by the end of the year, Nico, I will have a girlfriend. 131 00:07:09,120 --> 00:07:10,800 We'll see, we'll see. We'll see what happens. 132 00:07:11,160 --> 00:07:12,520 Yeah. And I think you bring up a 133 00:07:12,520 --> 00:07:16,280 really good point, which is like not to get caught up in like the 134 00:07:16,280 --> 00:07:20,600 fervor, right? And remember, guys, we are here 135 00:07:21,000 --> 00:07:23,280 for the separation of money in state. 136 00:07:23,280 --> 00:07:26,400 That is the ultimate end goal. The awesome part about Bitcoin 137 00:07:26,400 --> 00:07:29,720 is that you might get rich in the process, especially if you 138 00:07:29,720 --> 00:07:31,760 stay humble, stacks at stay solvent. 139 00:07:32,440 --> 00:07:34,440 So you might get wealthier in the process. 140 00:07:34,440 --> 00:07:38,000 But the ultimate end goal is the separation of money in state. 141 00:07:38,000 --> 00:07:40,080 That's what we want. That's what's going to fix the 142 00:07:40,080 --> 00:07:41,520 world. That's what's going to fix a lot 143 00:07:41,520 --> 00:07:44,160 of people's economic woes. That's what's going to end the 144 00:07:44,160 --> 00:07:47,000 endless wars. Do you want a life better for 145 00:07:47,000 --> 00:07:50,520 your kids and your grandchildren and the future generations? 146 00:07:50,520 --> 00:07:52,760 We must separate money from state, right? 147 00:07:52,760 --> 00:07:56,400 That's, that's the end goal. But the awesome part about the 148 00:07:56,400 --> 00:07:58,960 separation of money and say, unlike the separation of church 149 00:07:58,960 --> 00:08:01,440 and state, is that I believe this is going to be a lot less 150 00:08:01,440 --> 00:08:04,720 violent because all it requires, it doesn't, you know, require 151 00:08:04,720 --> 00:08:08,360 you to pick up a gun and, you know, fight or whatever, just 152 00:08:08,360 --> 00:08:10,920 not that type of revolution. It's a peaceful one. 153 00:08:10,920 --> 00:08:14,280 All you got to do is you just got to opt out and you say, 154 00:08:14,280 --> 00:08:17,800 listen, I'm gonna buy Bitcoin, mine Bitcoin, earn Bitcoin and 155 00:08:17,800 --> 00:08:21,720 take that Bitcoin out of the system and take it into self 156 00:08:21,720 --> 00:08:24,600 custody. And if enough people do that, we 157 00:08:24,600 --> 00:08:27,720 win and there's absolutely nothing they could do about it. 158 00:08:27,720 --> 00:08:29,880 It's as simple as that. Like it's really not rocket 159 00:08:29,880 --> 00:08:33,120 science, right? So anyways, yes, it's important 160 00:08:33,559 --> 00:08:37,080 as number goes up and you know everyone starts to get happy and 161 00:08:37,080 --> 00:08:39,280 they're looking at their portfolios and saying like holy 162 00:08:39,280 --> 00:08:42,320 cow this is great and you start getting texts from your friends. 163 00:08:42,760 --> 00:08:45,920 You start looking at new cars and new houses and going on. 164 00:08:45,960 --> 00:08:48,040 Zillow and like, whatever. Like all that stuff. 165 00:08:48,040 --> 00:08:49,160 Remember. Remember. 166 00:08:49,160 --> 00:08:51,120 What the top signal remember? What the? 167 00:08:51,200 --> 00:08:53,280 Yeah, that is the top single and a signal. 168 00:08:53,280 --> 00:08:55,720 And remember what the ultimate end goal here. 169 00:08:55,720 --> 00:08:59,480 The ultimate end goal is the separation of money and state. 170 00:08:59,480 --> 00:09:03,240 So keep your eye on the target and we're gonna win this thing. 171 00:09:03,240 --> 00:09:05,120 All right, ladies and gentlemen, no more delay. 172 00:09:05,320 --> 00:09:06,840 Let's jump straight into the show. 173 00:09:07,000 --> 00:09:10,000 But before we do that, I do want to give a shout out to our 174 00:09:10,000 --> 00:09:14,800 flagship sponsor Speaking of taking Bitcoin into self 175 00:09:14,800 --> 00:09:16,840 custody. Ladies and gentlemen, this is 176 00:09:16,840 --> 00:09:19,760 Bitcoin. Well, by real Bitcoin, Bitcoin 177 00:09:19,760 --> 00:09:24,200 Well is the self custody Bitcoin platform on a mission to enable 178 00:09:24,200 --> 00:09:25,640 independence? That's right ladies and 179 00:09:25,640 --> 00:09:29,400 gentlemen, this is the first Bitcoin on ramp in the USA. 180 00:09:29,600 --> 00:09:33,880 That is self custody by default. When you buy Bitcoin on Bitcoin, 181 00:09:33,880 --> 00:09:36,400 well, you have to take self custody. 182 00:09:36,520 --> 00:09:40,120 And that perfectly aligns with the simply Bitcoin ethos, which 183 00:09:40,120 --> 00:09:43,680 is a separation of money in state so you can It's a fast 184 00:09:43,680 --> 00:09:45,840 account verification, free and automatic. 185 00:09:45,840 --> 00:09:49,360 Bitcoin withdraws recurring purchases, and they just 186 00:09:49,360 --> 00:09:53,040 expanded to all 50 states. It's a publicly traded company 187 00:09:53,040 --> 00:09:56,920 in the US and in Canada. Guys, check out Bitcoin. 188 00:09:56,920 --> 00:09:58,960 Well, go to bitcoinwell.com today. 189 00:09:59,160 --> 00:10:00,520 All right, everybody, let's hit the numbers. 190 00:10:00,520 --> 00:10:05,240 We have a lot to talk about the Bitcoin numbers. 191 00:10:05,760 --> 00:10:08,520 Is your Bitcoin and cold storage really secure? 192 00:10:08,680 --> 00:10:11,200 Is your seed phrase really secure? 193 00:10:11,320 --> 00:10:12,920 Stamp seeds? Do it yourself. 194 00:10:12,920 --> 00:10:16,640 Kit has everything you need to hammer your seed words into 195 00:10:16,640 --> 00:10:20,880 commercial grade titanium plates instead of just writing them on 196 00:10:20,880 --> 00:10:23,680 paper. Don't store your generational 197 00:10:23,680 --> 00:10:26,960 wealth on paper. Papers prone to water damage, 198 00:10:26,960 --> 00:10:28,920 fire damage. You want to put your 199 00:10:28,920 --> 00:10:32,040 generational wealth on one of the strongest metals on planet 200 00:10:32,040 --> 00:10:34,880 earth, Titanium. Your words are actually stamped 201 00:10:34,880 --> 00:10:38,440 into this metal plate with this hammer and these letter stamps. 202 00:10:38,480 --> 00:10:41,000 And once your words are in, they aren't going anywhere. 203 00:10:41,080 --> 00:10:44,720 No risk of the plate breaking apart and pieces falling 204 00:10:44,720 --> 00:10:47,160 everywhere. Titanium stamp seeds will 205 00:10:47,160 --> 00:10:50,120 survive nearly triple the heat produced by a house fire. 206 00:10:50,120 --> 00:10:53,280 They're also crush proof, waterproof, non corrosive, and 207 00:10:53,280 --> 00:10:55,520 time proof. All things that paper is not 208 00:10:55,520 --> 00:10:58,760 allowing you to huddle your Bitcoin with Peace of Mind for 209 00:10:58,840 --> 00:11:02,200 the long haul. Stamp your seed on stamp seed. 210 00:11:03,160 --> 00:11:05,120 You want to make it over the finish line with your 211 00:11:05,120 --> 00:11:08,480 generational wealth, and the way that you do that is by properly 212 00:11:08,480 --> 00:11:13,200 securing your Bitcoin wallet. Seed words you want to you want 213 00:11:13,200 --> 00:11:15,360 to secure them properly. Not on paper. 214 00:11:15,480 --> 00:11:17,360 One of the strongest metals on planet Earth. 215 00:11:17,800 --> 00:11:19,720 Steel is good, but you got to level it up. 216 00:11:19,720 --> 00:11:21,840 You got to go to titanium. That's why you got to get 217 00:11:21,840 --> 00:11:26,520 yourself a stamp, seed Bitcoin, seed phrase, storage kit. 218 00:11:26,600 --> 00:11:29,760 You can use promo code. Simply anything off the site. 219 00:11:29,760 --> 00:11:33,040 15% off. And yeah, yeah don't put 220 00:11:33,040 --> 00:11:34,760 yourself in that position where you have to explain to your 221 00:11:34,760 --> 00:11:37,240 grandchildren why you lost their Bitcoin. 222 00:11:37,560 --> 00:11:43,640 At the time of recording, the Bitcoin price is 51,610 SAT's 223 00:11:43,640 --> 00:11:47,080 per dollar. We we kissed $52,000 earlier on 224 00:11:47,080 --> 00:11:49,560 today. I was so hyped SAT's per dollar 225 00:11:49,760 --> 00:11:56,080 under under 2000. Great to see 1938 block height 226 00:11:56,080 --> 00:11:59,880 830,454 continues to make all time high. 227 00:12:00,080 --> 00:12:04,600 That's a good sign. Blocks to having 9546 blocks 228 00:12:04,600 --> 00:12:09,040 were very very close having estimate April 19th, 2024 Total 229 00:12:09,040 --> 00:12:13,600 lightning network capacity 4773 Bitcoin capacity value 230 00:12:13,600 --> 00:12:19,960 246,000,000 U.S. dollars. Realize monetary inflation 1.75% 231 00:12:20,200 --> 00:12:23,200 Here it comes ladies and gentlemen, Market capitalization 232 00:12:23,200 --> 00:12:32,280 of Bitcoin $1.01 trillion We are back over the trillion dollar 233 00:12:32,280 --> 00:12:35,680 mark and Bitcoin is just getting started. 234 00:12:35,880 --> 00:12:41,240 Bitcoin versus gold market cap 7.34% In the grand scheme of 235 00:12:41,240 --> 00:12:44,600 things, Bitcoin's just getting started. 10X to gold. 236 00:12:44,640 --> 00:12:47,720 Oh, we're so I'm almost a 10X more than a 10X to gold. 237 00:12:47,960 --> 00:12:50,120 It's gonna feel so good when we cross that number. 238 00:12:50,280 --> 00:12:53,320 So, ladies and gentlemen, why is the price continuing to pump 239 00:12:53,640 --> 00:12:55,040 right? Especially, like, if you look at 240 00:12:55,040 --> 00:12:58,120 Bitcoin's history, it's pumping before the halving. 241 00:12:58,120 --> 00:13:00,400 It's kind of strange, like this has never happened before. 242 00:13:01,200 --> 00:13:06,240 Well, it's because Wall Street continues to gobble up massive 243 00:13:06,240 --> 00:13:12,360 amounts of Bitcoin. Big BlackRock now owns 105,000 244 00:13:12,360 --> 00:13:16,880 Bitcoin. Fidelity now owns 79,000 245 00:13:16,880 --> 00:13:19,080 Bitcoin. Just to kind of give you a frame 246 00:13:19,080 --> 00:13:22,560 of reference, a week ago or two weeks ago when we started 247 00:13:22,560 --> 00:13:26,800 reporting on these numbers, ladies and gentlemen, BlackRock 248 00:13:26,800 --> 00:13:29,760 had, it was, I think, 75,000 Bitcoin. 249 00:13:30,000 --> 00:13:32,040 Fidelity had like 60,000 Bitcoin. 250 00:13:32,320 --> 00:13:35,120 So they're buying 10s of thousands of Bitcoin, right? 251 00:13:35,120 --> 00:13:38,280 And they're almost, you know, they're almost gonna catch up to 252 00:13:38,280 --> 00:13:41,560 MicroStrategy, right? It took MicroStrategy a long 253 00:13:41,560 --> 00:13:44,760 time to get those 190,000 Bitcoin. 254 00:13:45,360 --> 00:13:48,200 You know, these guys, you know, they're just gobbling it up. 255 00:13:48,440 --> 00:13:50,840 And it's just important to remember, ladies and gentlemen, 256 00:13:50,840 --> 00:13:53,520 like, look. Like it's not your keys, not 257 00:13:53,520 --> 00:13:55,800 your cheese. So, you know, obviously a lot of 258 00:13:55,800 --> 00:13:58,640 people are choosing or they're opting into the convenience of 259 00:13:58,640 --> 00:14:01,960 the spot Bitcoin ETF. But guys that it like I'm 260 00:14:01,960 --> 00:14:03,600 telling you like governments are. 261 00:14:03,880 --> 00:14:07,240 Look, look at it from a historical perspective. 262 00:14:07,240 --> 00:14:11,520 If governments get in a pickle, you know we have a repeat of a 263 00:14:11,520 --> 00:14:14,600 six 102 order, What do you think they're going to do? 264 00:14:15,400 --> 00:14:17,640 They're going to go for the low hanging fruit. 265 00:14:17,800 --> 00:14:20,800 But if you have your Bitcoin in self custody, which is what we 266 00:14:20,800 --> 00:14:24,400 advocate for, all our partners really advocate for that, right. 267 00:14:24,560 --> 00:14:26,680 Bitcoin. Well, Self custody by default. 268 00:14:26,840 --> 00:14:29,800 Foundation passport, it's a hardware wallet stamp seed. 269 00:14:29,800 --> 00:14:33,040 Like literally we're giving you the tools for you to take self 270 00:14:33,040 --> 00:14:35,880 custody. So there's no excuse. 271 00:14:35,880 --> 00:14:38,720 Don't get caught with your pants down if this happens in the 272 00:14:38,720 --> 00:14:40,640 future. I'm not saying it's going to, 273 00:14:40,800 --> 00:14:44,920 but I mean look guys, remember 6102, could you imagine in the 274 00:14:45,120 --> 00:14:48,720 US of the United States of America, the US government made 275 00:14:48,720 --> 00:14:53,640 it illegal for citizens to own a medal like gold. 276 00:14:53,920 --> 00:14:56,320 Like think about like think about that, right. 277 00:14:56,480 --> 00:15:00,000 And of course, look at the last century like, you know, 278 00:15:00,800 --> 00:15:07,120 governments have a a rocky, a rocky track record to say the 279 00:15:07,120 --> 00:15:08,960 least, right? This is what the separation of 280 00:15:08,960 --> 00:15:12,000 money in state is all about. This is what Bitcoin fixes, 281 00:15:12,000 --> 00:15:15,280 right? You get the money outside of the 282 00:15:15,280 --> 00:15:18,440 control of central bankers and politicians like you get it out 283 00:15:18,440 --> 00:15:20,400 of their hands, right? And I think the world will be a 284 00:15:20,400 --> 00:15:22,720 much better place for it anyways. 285 00:15:23,080 --> 00:15:24,640 So I tweeted this out this morning. 286 00:15:25,040 --> 00:15:28,840 Wall Street is running out of coins to buy and the supply is 287 00:15:28,840 --> 00:15:31,360 about to get cut in half in 60 days. 288 00:15:31,360 --> 00:15:34,760 Are you not entertained? Here's Anthony Pompiano. 289 00:15:34,920 --> 00:15:39,200 Anthony Pompiano. He says there was $631 million 290 00:15:39,200 --> 00:15:42,240 of net inflows to the spot Bitcoin ETFs yesterday. 291 00:15:42,480 --> 00:15:47,120 That's 14 times more demand than the network produced in the same 292 00:15:47,120 --> 00:15:49,360 day. I don't think people understand 293 00:15:49,360 --> 00:15:52,040 the magnitude of what is happening right now. 294 00:15:52,320 --> 00:15:54,960 So you're seeing number go up. This is why. 295 00:15:54,960 --> 00:15:58,080 And around the corner, ladies and gentlemen, is the halving in 296 00:15:58,080 --> 00:16:02,600 60 days, right. So that 14X number that pomp is 297 00:16:02,600 --> 00:16:06,600 talking about, that's literally double that 30X, right. 298 00:16:06,880 --> 00:16:11,000 So they're gobbling up thirty time on a daily basis, 30 times 299 00:16:11,000 --> 00:16:15,000 the amount of Bitcoin that is being produced on the same day. 300 00:16:15,200 --> 00:16:19,800 And unlike gold, remember, because gold is scarce, right? 301 00:16:19,800 --> 00:16:21,880 Gold is very scarce. It's hard to get out of the 302 00:16:21,880 --> 00:16:24,440 ground. When the price of gold goes up, 303 00:16:24,720 --> 00:16:27,720 the production of gold goes up as well. 304 00:16:28,120 --> 00:16:30,880 When the price of Bitcoin goes up, the production stays the 305 00:16:30,880 --> 00:16:33,400 same and it gets cut in half every four years. 306 00:16:33,720 --> 00:16:36,880 That makes Bitcoin unique. There's nothing else in the 307 00:16:36,880 --> 00:16:38,600 world like that. You have to remember that. 308 00:16:39,160 --> 00:16:41,880 All right, so this is kind of like a meme video, but it's 309 00:16:41,880 --> 00:16:46,040 absolutely hilarious. And you know, it's just a a 310 00:16:46,040 --> 00:16:48,640 American huddle giving some technical analysis. 311 00:16:48,640 --> 00:16:51,640 Let's check it out. So as you can see here on the 312 00:16:51,640 --> 00:16:54,720 chart, for like 4 years Bitcoin was in like the hundreds of 313 00:16:54,720 --> 00:16:57,560 dollar range and it just kind of hung out there. 314 00:16:57,560 --> 00:16:59,160 Yeah, like maybe it bounced down. 315 00:16:59,160 --> 00:17:02,240 Maybe it bounced up, but it was basically in the hundreds of 316 00:17:02,240 --> 00:17:04,359 dollar range for like 4 fucking years. 317 00:17:04,359 --> 00:17:07,480 Then it went to the thousands of dollar range and it just stayed 318 00:17:07,480 --> 00:17:08,599 there. Yeah, it bounced above 10 319 00:17:08,599 --> 00:17:11,400 briefly, but it went in the thousands of dollars range. 320 00:17:11,400 --> 00:17:14,280 Then it went to the 10s of thousands of dollars range and 321 00:17:14,280 --> 00:17:17,200 it stayed there for three fucking years. 322 00:17:17,200 --> 00:17:18,480 And now we're coming to the end of it. 323 00:17:18,599 --> 00:17:20,200 What the fuck do you think is going to happen next? 324 00:17:20,200 --> 00:17:21,920 You think it's going to go to the $0.00 range? 325 00:17:21,920 --> 00:17:23,359 Now it's going to 100,000 fucking dollars? 326 00:17:23,359 --> 00:17:27,560 Then fucking God 6 beautiful TA from American Hottel. 327 00:17:27,560 --> 00:17:29,080 I think it's. Joined A. 328 00:17:29,120 --> 00:17:33,200 Paid group, AAA. Very, very appropriate market 329 00:17:33,200 --> 00:17:35,240 signals and appreciate it. Thank you, Mr. Hottel. 330 00:17:35,840 --> 00:17:40,680 On a more serious note, here is Michael Saylor on CNNBC. 331 00:17:40,680 --> 00:17:42,760 And of course, he takes a more serious approach. 332 00:17:42,760 --> 00:17:45,160 Let's check it out. You know, I think a lot of this 333 00:17:45,160 --> 00:17:48,440 is just indicative of the popularity of Bitcoin as an 334 00:17:48,440 --> 00:17:50,200 asset class. It's it's now the world's most 335 00:17:50,200 --> 00:17:52,640 popular investment asset. It's novel. 336 00:17:52,960 --> 00:17:56,120 It's digital. It's global, that's unique and 337 00:17:56,120 --> 00:17:59,160 it's uncorrelated to traditional risk assets because it doesn't 338 00:17:59,160 --> 00:18:02,440 come with exposure to any given country, currency, company, 339 00:18:02,840 --> 00:18:05,880 quarterly result product cycle, competitor not to weather, not 340 00:18:05,880 --> 00:18:08,720 to war, not to an employee base or supply chain. 341 00:18:09,040 --> 00:18:11,320 And so that makes it a natural addition to the portfolio of 342 00:18:11,320 --> 00:18:13,600 responsible investor. There's ten years of pent up 343 00:18:13,600 --> 00:18:16,760 demand, people been waiting for these ETFs and and finally 344 00:18:16,880 --> 00:18:19,080 mainstream investors are able to access Bitcoin. 345 00:18:19,080 --> 00:18:22,000 And I think that's what's driving the surge of capital in 346 00:18:22,000 --> 00:18:23,760 the asset class. And initially there was a 347 00:18:23,760 --> 00:18:26,320 rebalancing as people are moving capital between the futures 348 00:18:26,320 --> 00:18:28,360 market and the miners and micro strategy and the ETF. 349 00:18:28,400 --> 00:18:32,080 But following that rebalancing, I think the the assets found its 350 00:18:32,080 --> 00:18:34,120 footing and now people are beginning to realize that 351 00:18:34,120 --> 00:18:37,000 there's 10 times as much demand for Bitcoin coming in through 352 00:18:37,000 --> 00:18:40,360 these ETFs as there is supply coming from the natural sellers. 353 00:18:40,360 --> 00:18:43,520 Who are the miners? OK, right. 354 00:18:43,680 --> 00:18:46,120 And and and I just want to emphasize that enough, right, 355 00:18:46,120 --> 00:18:48,760 Which are the natural sellers? The miners, because people have 356 00:18:48,760 --> 00:18:51,320 to understand, ladies and gentlemen, like what the cell 357 00:18:51,320 --> 00:18:54,480 pressure is, right? So it's roughly 900 Bitcoin 358 00:18:54,480 --> 00:19:00,000 mined a day, right? Multiply that by 51,000, right. 359 00:19:00,280 --> 00:19:04,200 That's $45 million worth of Bitcoin mined every single day. 360 00:19:04,320 --> 00:19:08,960 Say that, you know, 30% of that or, you know, 30% of that, 40% 361 00:19:08,960 --> 00:19:13,800 of that, 50% of that is used to, you know, pay for electricity 362 00:19:13,800 --> 00:19:17,640 bills, right? That's $20 million of cell 363 00:19:17,640 --> 00:19:21,400 pressure on a daily basis that Bitcoin has to put up with. 364 00:19:21,680 --> 00:19:24,080 That's about to get cut in half in April, right? 365 00:19:24,280 --> 00:19:26,920 And of course, I just did math off the top of my head, did a 366 00:19:26,920 --> 00:19:29,160 bunch of estimations. But just to kind of give you 367 00:19:29,160 --> 00:19:34,560 guys an idea of why Bitcoin is gonna go up forever now, here is 368 00:19:34,720 --> 00:19:36,440 Jeffrey Jesse Schrader shout out. 369 00:19:36,440 --> 00:19:38,880 He's part of Bitcoin Kindergarten with OPTI, that's 370 00:19:38,880 --> 00:19:39,640 not. Justify. 371 00:19:40,640 --> 00:19:45,120 And you know here is Preston Pish talking to Pierre Richard 372 00:19:45,280 --> 00:19:47,720 on the Investors podcast. But it seems like this was like 373 00:19:47,720 --> 00:19:51,360 OG back in the day and let's take a look at what Pierre had 374 00:19:51,360 --> 00:19:54,160 to say. Honestly, what do you think is a 375 00:19:54,160 --> 00:19:56,880 conservative and that's how I like to look at it, is like what 376 00:19:56,880 --> 00:19:59,400 do you think the conservative end of this is? 377 00:19:59,760 --> 00:20:02,680 And whenever I think through that, I think you know on the 378 00:20:02,680 --> 00:20:05,960 really low end if I had to be extreme on the low end, I think 379 00:20:05,960 --> 00:20:07,960 it's a trillion dollars at the AT like. 380 00:20:08,440 --> 00:20:11,200 If you had to be ridiculously low, I would say a trillion 381 00:20:11,200 --> 00:20:18,440 dollars per Bitcoin, honestly. And I get what everyone like and 382 00:20:18,440 --> 00:20:21,480 I know some of you are going to be like, Nico, you're wrong. 383 00:20:21,920 --> 00:20:23,760 This is wrong. You're wrong. 384 00:20:24,240 --> 00:20:29,080 OK, well I love the IQ bell curve chart 'cause it really 385 00:20:29,080 --> 00:20:31,480 kind of just shows lays out the case. 386 00:20:32,480 --> 00:20:37,360 You know, BlackRock is buying $500 million per day and we can 387 00:20:37,360 --> 00:20:41,000 see the supply constraint with full transparency beforehand. 388 00:20:42,000 --> 00:20:46,480 Just don't mid curve it, right. It's really, really not that 389 00:20:46,480 --> 00:20:51,360 complicated And and like in case you guys like still don't quite 390 00:20:51,360 --> 00:20:56,080 understand, I will literally pull up a fancy graphic for you 391 00:20:56,080 --> 00:21:00,920 guys to kind of understand, you know, on on a daily basis how 392 00:21:00,920 --> 00:21:04,200 much Bitcoin they're stacking and how much Bitcoin is being 393 00:21:04,200 --> 00:21:07,000 produced. And not to mention the fact of 394 00:21:07,200 --> 00:21:09,400 I'm not selling, are you selling OPTI? 395 00:21:09,760 --> 00:21:12,600 You know, so like the Hodlers aren't selling. 396 00:21:12,840 --> 00:21:15,480 So who's selling this? That's, you know, it's basic 397 00:21:15,480 --> 00:21:18,160 supply and demand. If no one is selling at these 398 00:21:18,160 --> 00:21:22,400 prices, what tends to happen to the price number go up And 399 00:21:22,400 --> 00:21:24,720 that's what's that's what's happening now. 400 00:21:24,840 --> 00:21:29,400 Wait to the world, you know, wakes up to this reality. 401 00:21:29,480 --> 00:21:31,960 Wait, wait to the world. Wall Street is waking up to 402 00:21:31,960 --> 00:21:34,520 this. Bitcoiners have woken up to this 403 00:21:34,520 --> 00:21:37,360 a long time ago, right? Shout out to the O GS. 404 00:21:37,520 --> 00:21:40,520 Can't say that I am class of 16. Opti class of 17. 405 00:21:40,520 --> 00:21:43,000 Same class in my eyes, right? So. 406 00:21:43,680 --> 00:21:45,920 But we've been saying this for a while now, right? 407 00:21:45,920 --> 00:21:49,000 Like, it's incredibly obvious. It's Infinity divided by 21 408 00:21:49,000 --> 00:21:51,600 million. That's why Michael Saylor says 409 00:21:51,600 --> 00:21:54,080 his famous line. It's going up forever, Laura. 410 00:21:54,280 --> 00:21:58,320 But take a look at the events that are about to happen. 411 00:21:58,400 --> 00:22:04,120 Break it down one more time. The ETF, which was is the best 412 00:22:04,120 --> 00:22:07,560 performing ETF in the history of the US. 413 00:22:07,800 --> 00:22:12,600 It's already in the top 10 out of 3100 ETFs right Black. 414 00:22:12,600 --> 00:22:15,520 Last time I checked, BlackRock with it was an eighth place out 415 00:22:15,520 --> 00:22:20,560 of 3100 ETFs, and Fidelity was in 10th place. 416 00:22:20,920 --> 00:22:23,680 This thing's only been around for a couple of months. 417 00:22:24,360 --> 00:22:26,800 Look at the record inflows. We show you guys that number 418 00:22:26,800 --> 00:22:29,280 every single day. That number keeps going up, 419 00:22:29,280 --> 00:22:34,240 which means more and more people are buying that ETF via 420 00:22:34,240 --> 00:22:36,480 BlackRock and via Fidelity, right? 421 00:22:36,760 --> 00:22:41,480 So that there's that happening. Then the having the amount of 422 00:22:41,880 --> 00:22:44,720 the amount of Bitcoin that's gonna be able to be sold on the 423 00:22:44,720 --> 00:22:47,960 market is about to get cut in half in April. 424 00:22:48,400 --> 00:22:52,280 And then four years after that in 2028, it's gonna get cut in 425 00:22:52,280 --> 00:22:54,680 half again. Do you understand where I'm 426 00:22:54,680 --> 00:22:57,440 going with this right? And now I'm compare and contrast 427 00:22:57,440 --> 00:23:01,120 that with the M2 money supply chart. 428 00:23:01,240 --> 00:23:04,400 Compare and contrast that with Fiat that they could literally 429 00:23:04,400 --> 00:23:07,600 just print out of thin air It like that. 430 00:23:07,640 --> 00:23:10,120 That's why I played you the American huddle video in the 431 00:23:10,160 --> 00:23:12,960 beginning like you know it's so obvious. 432 00:23:13,360 --> 00:23:18,360 Don't mid don't mid exactly what Dylan Dylan said like don't mid 433 00:23:18,680 --> 00:23:23,040 level IQ it like it's really not that difficult to understand. 434 00:23:23,440 --> 00:23:27,880 It's you know there's there's an there's only 21 million Bitcoin. 435 00:23:28,040 --> 00:23:31,240 There's estimated four of them for about four millionaire lost. 436 00:23:31,800 --> 00:23:33,880 There's 8 million people on the planet. 437 00:23:34,600 --> 00:23:38,480 You know there's 300 million people just in the US there's 60 438 00:23:38,480 --> 00:23:41,920 million millionaires Just if every millionaire won in one 439 00:23:41,920 --> 00:23:43,920 Bitcoin they literally could not afford it. 440 00:23:44,520 --> 00:23:47,040 Yeah yeah this thing is going up forever. 441 00:23:47,040 --> 00:23:48,440 That's why it's going up forever. 442 00:23:48,560 --> 00:23:50,520 It's just really hard to understand. 443 00:23:50,960 --> 00:23:52,800 I get it. I understand I've been there, 444 00:23:52,800 --> 00:23:56,000 right? But that's why it's so important 445 00:23:56,000 --> 00:24:00,920 to look back in the past and you'll see the the post on 446 00:24:00,920 --> 00:24:04,520 Bitcoin forums of people literally regretting like, like, 447 00:24:04,760 --> 00:24:08,360 like, wow, I missed 100. Like, I missed Bitcoin and was 448 00:24:08,360 --> 00:24:10,440 at $8. Now it's $100. 449 00:24:10,600 --> 00:24:13,000 I I missed the train. You hear that right? 450 00:24:13,000 --> 00:24:16,040 Now you're like $100 Bitcoin. Like, holy cow, right? 451 00:24:16,240 --> 00:24:20,280 So now that we're sitting at $51,000 Bitcoin, think five 452 00:24:20,280 --> 00:24:23,080 years from now. Think 10 years from now when you 453 00:24:23,080 --> 00:24:26,000 had the opportunity to buy it at these price levels, right? 454 00:24:26,200 --> 00:24:28,440 So anyways, Opti, what's your take on all this, bro? 455 00:24:29,320 --> 00:24:31,320 It's a bullish episode. It's a bullish episode. 456 00:24:31,880 --> 00:24:33,880 Wow, So bullish. I just choked on my own saliva. 457 00:24:33,880 --> 00:24:36,600 Hold on. OK. 458 00:24:37,000 --> 00:24:38,320 Hold on. Sorry guys, I almost died. 459 00:24:38,680 --> 00:24:41,320 Opti's turning red. Almost died live on air it is. 460 00:24:41,320 --> 00:24:43,200 Valentine's Day, so I understand. 461 00:24:44,000 --> 00:24:46,200 All right. What do I think of this? 462 00:24:46,200 --> 00:24:49,600 First and foremost, Nico, you're really making me look bad at the 463 00:24:49,600 --> 00:24:52,160 very beginning. I said let's try not to get too 464 00:24:52,160 --> 00:24:53,920 crazy. And then Nico just jumps into 465 00:24:53,920 --> 00:24:56,120 like, the most bullish sentiment. 466 00:24:56,640 --> 00:24:58,280 Hold on a second. How is that? 467 00:24:58,280 --> 00:25:00,000 How is that, like, bullish sentiment? 468 00:25:00,320 --> 00:25:03,400 Oh yeah, the facts, bro. I know, I know that's what I'm 469 00:25:03,400 --> 00:25:05,600 saying. Like it it to me, I'm just 470 00:25:05,600 --> 00:25:08,960 feeling so bullish like literally I'm I'm going 180 on 471 00:25:08,960 --> 00:25:10,320 what I told you guys in the beginning. 472 00:25:10,320 --> 00:25:13,240 I'm just going to go like full bull tard here and you know, 473 00:25:13,240 --> 00:25:16,080 shouts out to American Huddle and Piero Shard. 474 00:25:16,080 --> 00:25:18,960 I I I remember that Piero Shard clip. 475 00:25:18,960 --> 00:25:23,040 It is definitely I think a few years old by now and American 476 00:25:23,040 --> 00:25:26,040 Huddle just cracks me up and and this is kind of what I'm saying 477 00:25:26,040 --> 00:25:29,000 like like I get as both hearted as everyone and we're all 478 00:25:29,000 --> 00:25:31,120 feeling the fervor and I'm sure this whole year we're going to 479 00:25:31,120 --> 00:25:35,040 get even crazier. But when you really break down 480 00:25:35,560 --> 00:25:39,640 the fundamentals of what's going on, it's super hard not to get 481 00:25:39,640 --> 00:25:41,920 bullish on Bitcoin when you understand what is actually 482 00:25:41,920 --> 00:25:45,800 happening in real time. And This is why we always say, 483 00:25:45,800 --> 00:25:47,800 as the meme goes, you know, it's going up forever. 484 00:25:48,080 --> 00:25:52,880 And so it's very simple there. I think the total market tonight 485 00:25:52,880 --> 00:25:55,600 and I might be overshooting this a little bit, but the last time 486 00:25:55,600 --> 00:26:00,080 I checked, I think the total global assets is like $900 487 00:26:00,080 --> 00:26:01,120 trillion. It is. 488 00:26:01,240 --> 00:26:05,080 It is, yeah. And Bitcoin just passed again, 489 00:26:05,080 --> 00:26:09,560 $1 trillion. And gold is roughly around, 490 00:26:09,560 --> 00:26:12,000 what, like 10 trillion? Yeah, it's 13 now. 491 00:26:12,320 --> 00:26:16,560 So like, if you don't fundamentally get where this is 492 00:26:16,560 --> 00:26:20,520 going, all I can say is, you know, one, watch more simply 493 00:26:20,520 --> 00:26:22,600 Bitcoin. Two, maybe do some research or 494 00:26:22,600 --> 00:26:25,560 just go full left side of the bell curve and just stack 495 00:26:25,560 --> 00:26:29,520 Bitcoin as much as possible. Just don't even worry about the 496 00:26:29,520 --> 00:26:34,640 price, just stack as hard as possible and hold it for as long 497 00:26:34,640 --> 00:26:37,040 as possible. And in time you're gonna be 498 00:26:37,040 --> 00:26:41,480 very, very happy that that is what you did and like it. 499 00:26:41,480 --> 00:26:45,040 It's very simple, you know, 21 million hard cap and then you 500 00:26:45,040 --> 00:26:48,360 add on top of that that just probably like 5 million Bitcoin 501 00:26:48,360 --> 00:26:50,960 lost or something like that. Bitcoin is even more scarce than 502 00:26:50,960 --> 00:26:56,200 we understand and 8 billion people are going to vie for the 503 00:26:56,200 --> 00:26:58,200 position to try to get some Bitcoin. 504 00:26:58,200 --> 00:27:03,080 So at the price that it is now what roughly 50K there, the the 505 00:27:03,080 --> 00:27:05,840 price has to go up it. It's just simple maths, you 506 00:27:05,840 --> 00:27:08,120 know, maths is hard, but it's just simple maths. 507 00:27:08,280 --> 00:27:13,240 But on the ETF news, circling back a little bit, man, the 508 00:27:13,240 --> 00:27:15,960 amount of Bitcoin that that they're scooping up. 509 00:27:15,960 --> 00:27:19,640 Nico, I don't know, maybe it's just like my paranoid Bitcoin, 510 00:27:20,200 --> 00:27:22,440 you know, mine going off. But it's starting to. 511 00:27:22,600 --> 00:27:25,640 I'm starting to feel that like kind of scared like Oh my God, 512 00:27:25,640 --> 00:27:27,520 they're taking. I know, I know. 513 00:27:27,920 --> 00:27:30,160 It's like they're taking so much Bitcoin. 514 00:27:30,160 --> 00:27:34,080 It's absolutely insane. I know, everyone, hold on that. 515 00:27:34,240 --> 00:27:35,560 That's a good point. That's a good point. 516 00:27:35,560 --> 00:27:38,040 We should actually talk, Yeah, they are. 517 00:27:38,040 --> 00:27:39,520 They are taking a lot of Bitcoin. 518 00:27:39,880 --> 00:27:43,600 But it's important to like take a look at the like a perspective 519 00:27:43,760 --> 00:27:49,000 of of, you know, like essentially who's holding what. 520 00:27:49,400 --> 00:27:52,800 But in the grand scheme of things, guys, this is nothing 521 00:27:52,800 --> 00:27:59,200 compared to the Hodlers, right? Like the Hodlers own the vast 522 00:27:59,200 --> 00:28:02,560 majority of Bitcoin. Like these guys don't even come 523 00:28:02,560 --> 00:28:05,040 close. Like even with the US government 524 00:28:05,400 --> 00:28:07,480 trying, you Add all of this, right? 525 00:28:07,480 --> 00:28:10,360 It's a couple million Bitcoin, there's 21 million. 526 00:28:10,360 --> 00:28:13,040 Where are the rest of that Bitcoin that the rest of that 527 00:28:13,040 --> 00:28:16,520 Bitcoin, the O GS, right. The exchanges, right, 528 00:28:16,520 --> 00:28:19,840 individuals. So yeah, I mean we front ran 529 00:28:19,840 --> 00:28:22,000 Wall Street. We front ran government and the 530 00:28:22,000 --> 00:28:25,200 US government for some reason keeps selling it to us for for 531 00:28:25,240 --> 00:28:28,040 for paper money they can print more of right? 532 00:28:28,240 --> 00:28:31,480 So anyways, I get you bro, I get you. 533 00:28:31,480 --> 00:28:34,760 But Bitcoin's the money of enemies we have to be OK with, 534 00:28:35,000 --> 00:28:36,760 you know? I'm totally OK with that. 535 00:28:36,760 --> 00:28:40,520 But I'm also trying to stay vigilant here. 536 00:28:40,960 --> 00:28:43,560 You know, Larry Fink is scooping up way too much of Bitcoin. 537 00:28:43,560 --> 00:28:45,120 It just it makes me uncomfortable. 538 00:28:45,120 --> 00:28:47,120 But. This is why. 539 00:28:47,600 --> 00:28:50,920 You know, This is why Bitcoin is the real Occupy Wall Street. 540 00:28:50,920 --> 00:28:53,000 You know, take stealing a meme from the past. 541 00:28:53,800 --> 00:28:57,520 As much Bitcoin as they try to scoop up, This is why it's so 542 00:28:57,520 --> 00:28:59,040 important for everyone to be huddling. 543 00:28:59,040 --> 00:29:02,080 And again, the numbers there. What is it like 70 to 80% of all 544 00:29:02,080 --> 00:29:04,480 Bitcoin is being huddled by people that know what's hold, 545 00:29:04,480 --> 00:29:07,840 what what they're holding. So hey, you know, if if Wall 546 00:29:07,840 --> 00:29:11,960 Street wants to incentivize you to sell them their Bitcoin, then 547 00:29:11,960 --> 00:29:15,400 the price is going to have to go up before people start dropping 548 00:29:15,400 --> 00:29:18,720 Bitcoin. So hey, what a what a time to be 549 00:29:18,720 --> 00:29:23,240 a bitcoiner. We #frant ran Wall Street and 550 00:29:24,320 --> 00:29:27,120 and now we're starting to see the world's waking up to it. 551 00:29:27,120 --> 00:29:30,400 So it's just, hey man, it feels good being a bitcoiner. 552 00:29:30,400 --> 00:29:32,840 This is why it's always Life is good when the show starts, 553 00:29:32,840 --> 00:29:35,920 because no matter what's going on in the world, you own Bitcoin 554 00:29:35,920 --> 00:29:39,360 and you're ahead of the curve. 100 percent, 100%, It's awesome. 555 00:29:39,360 --> 00:29:41,760 OK, ladies and gentlemen, we have a lot to talk about during 556 00:29:41,760 --> 00:29:44,640 the news. So started off bullish, started 557 00:29:44,640 --> 00:29:49,240 off optimistic, but now we got to cover, we got to cover the, 558 00:29:49,240 --> 00:29:52,320 you know, a quick update on the separation of money and state 559 00:29:52,480 --> 00:29:56,080 what is currently happening kind of like what the mental 560 00:29:56,080 --> 00:29:58,680 gymnastics are. A lot of, a lot of people that 561 00:29:58,680 --> 00:30:01,400 believe in the Fiat system. So we're going to cover that, 562 00:30:01,880 --> 00:30:06,440 what the consequences are. And remember, you know if you 563 00:30:06,440 --> 00:30:09,680 had the power of the money printer, you know maybe you have 564 00:30:09,680 --> 00:30:12,720 a high moral code, right? But a lot of people in power, 565 00:30:12,720 --> 00:30:14,960 you can't say they have high moral codes, right? 566 00:30:15,480 --> 00:30:18,000 Would you just give over that power gently? 567 00:30:18,000 --> 00:30:20,480 No, of course not. Do you think governments are 568 00:30:20,480 --> 00:30:22,800 gonna just give over that privilege or you think they're 569 00:30:22,800 --> 00:30:25,000 just gonna say, oh, you know what, there's a better money, 570 00:30:25,000 --> 00:30:27,360 guys, we're just gonna go gently into that good night. 571 00:30:27,360 --> 00:30:29,920 That's not gonna happen, right? So there is gonna be a little 572 00:30:29,920 --> 00:30:32,480 bit of resistance. And that's why it's important 573 00:30:32,480 --> 00:30:37,920 what Opti was saying, that we, we remain vigilant on what is 574 00:30:37,920 --> 00:30:41,520 exactly happening. And also we take action. 575 00:30:41,520 --> 00:30:44,840 And the action that you can take is taking Bitcoin into self 576 00:30:44,840 --> 00:30:48,240 custody and then spreading the orange gospel, right? 577 00:30:48,240 --> 00:30:49,800 Going to your friends and family. 578 00:30:49,880 --> 00:30:52,640 If they don't know how to take self custody, be that Uncle Jim 579 00:30:52,640 --> 00:30:54,960 and your family be that person, right. 580 00:30:54,960 --> 00:30:57,320 That shows them the benefits of self custody. 581 00:30:57,320 --> 00:31:01,200 How to take self custody, right. So this is how we win, ladies 582 00:31:01,200 --> 00:31:03,240 and gentlemen, winning over the hearts and minds. 583 00:31:03,480 --> 00:31:09,920 We have to have intransigent minority in the US so that if 584 00:31:09,960 --> 00:31:14,320 any type of very anti hostile Bitcoin regulation gets 585 00:31:14,320 --> 00:31:18,520 introduced, it has absolutely no shot of getting past because 586 00:31:18,520 --> 00:31:22,120 such a large percentage of the population are holding Bitcoin 587 00:31:22,120 --> 00:31:24,560 themselves, right. We have to get to that point. 588 00:31:25,160 --> 00:31:26,640 There's gonna be an inevitable clash. 589 00:31:26,640 --> 00:31:28,600 Governments are not gonna like competition, right? 590 00:31:28,600 --> 00:31:30,240 You're starting to see inklings of that. 591 00:31:30,480 --> 00:31:32,880 So we're gonna talk about all that during the new, during the 592 00:31:32,880 --> 00:31:34,080 news. Let's get to it. 593 00:31:34,080 --> 00:31:37,360 Here we go. I want to give a shout out to 594 00:31:37,360 --> 00:31:39,360 our sponsor. Have you ever wanted to get into 595 00:31:39,360 --> 00:31:41,160 Bitcoin mining and don't know where to start? 596 00:31:41,160 --> 00:31:44,920 That's why I want to introduce you to Scott's Build a Mine boot 597 00:31:44,920 --> 00:31:47,160 Camp. He will show you how to build 598 00:31:47,280 --> 00:31:50,400 your own Bitcoin mine, how to get the project funded, how to 599 00:31:50,400 --> 00:31:53,680 get your facility filled with miners as quickly as possible. 600 00:31:53,920 --> 00:31:56,640 With a little luck and by putting all his techniques and 601 00:31:56,640 --> 00:31:59,200 strategies to work that he's developed mining Bitcoin for the 602 00:31:59,200 --> 00:32:02,040 last six years. You could be mining 5 million 603 00:32:02,040 --> 00:32:07,280 Satoshi's per day or .05 Bitcoin in less than three months. 604 00:32:07,440 --> 00:32:11,000 On the free webinar he will give you a high level road map that 605 00:32:11,000 --> 00:32:14,720 will help you get on your way to building, owning and operating 606 00:32:14,800 --> 00:32:19,160 your own Bitcoin mining farm. Begin your mining journey today. 607 00:32:19,280 --> 00:32:22,440 Register for the free webinar now, click the link in the 608 00:32:22,440 --> 00:32:25,840 description of the video below or contact Scott directly on 609 00:32:25,840 --> 00:32:29,760 Telegram using his handle offeredscott and learn how to 610 00:32:29,760 --> 00:32:35,720 mine those precious precious satoshis the Daily News. 611 00:32:37,280 --> 00:32:40,840 I wanna give a shout out to our sponsor, Foundation Devices. 612 00:32:41,160 --> 00:32:44,400 It's self custody done right. They built a premium grade 613 00:32:44,400 --> 00:32:47,840 hardware wallet called Passport right here in the US. 614 00:32:47,840 --> 00:32:50,200 It's fully open source and verifiable. 615 00:32:50,400 --> 00:32:53,840 It's the most intuitive Bitcoin wallet designed with the UX, 616 00:32:53,840 --> 00:32:57,600 reminiscent of a simple feature phone so you will know how to 617 00:32:57,600 --> 00:32:59,800 navigate it and use it the moment you pick it up. 618 00:33:00,160 --> 00:33:03,440 Get your Bitcoin off exchanges and into your into your own 619 00:33:03,440 --> 00:33:06,280 hands in just a few minutes. Experience the Peace of Mind 620 00:33:06,280 --> 00:33:08,880 that comes with taking ownership of your own keys. 621 00:33:09,080 --> 00:33:13,640 After a massive sell out during Bitcoin Miami 2023, the passport 622 00:33:13,640 --> 00:33:16,520 is back in stock at foundationdevices.com. 623 00:33:16,880 --> 00:33:20,560 Bitcoin only, open source, verifiable completely air gap 624 00:33:20,640 --> 00:33:24,520 security model, gorgeous design, craft, premium grade materials. 625 00:33:24,680 --> 00:33:26,880 If you're thinking about getting your Bitcoin off exchange 626 00:33:26,960 --> 00:33:28,760 changes, this is the one for you. 627 00:33:29,000 --> 00:33:32,200 Check out the passport link in the show notes below to learn 628 00:33:32,200 --> 00:33:38,400 more ladies and gentlemen. So I do the first segment. 629 00:33:38,400 --> 00:33:43,400 What I'm going to cover is basically the disconnect, the 630 00:33:43,400 --> 00:33:47,520 disconnect between politicians and also I would only say the 631 00:33:47,520 --> 00:33:49,720 disconnect. Frankly, I'm just going to be 632 00:33:49,720 --> 00:33:52,000 blunt. The gaslighting, because that's 633 00:33:52,000 --> 00:33:56,320 really what it is. And you have to understand that 634 00:33:56,800 --> 00:34:00,040 this is the separation of money in state, OK? 635 00:34:00,560 --> 00:34:04,640 And the way that we win, ladies and gentlemen, is by waking up 636 00:34:04,640 --> 00:34:06,880 people to the truth. OK? 637 00:34:07,840 --> 00:34:12,159 Don't fall for the left and right, divide and conquer. 638 00:34:12,480 --> 00:34:15,800 I'm going to vote Donald Trump or I'm going to vote Joe Biden 639 00:34:15,800 --> 00:34:17,440 to office. I'm not saying voting isn't 640 00:34:17,440 --> 00:34:21,159 important, but I'm saying the most important vote that you can 641 00:34:21,159 --> 00:34:25,159 actually make that will actually make a difference is by taking 642 00:34:25,159 --> 00:34:27,080 Bitcoin into self custody literally. 643 00:34:27,600 --> 00:34:29,920 Like you could scan the QR code, take you to the Foundation 644 00:34:29,920 --> 00:34:32,520 Devices website. There's a bunch of other 645 00:34:32,520 --> 00:34:35,520 hardware wallets too. Obviously we recommend our 646 00:34:35,520 --> 00:34:39,719 sponsor, but like literally that is the most important vote you 647 00:34:39,719 --> 00:34:43,320 can make is taking Bitcoin into self custody. 648 00:34:43,520 --> 00:34:45,679 That is how we're going to effectuate change. 649 00:34:46,320 --> 00:34:50,320 So I don't care if you ideologically, you know, lean 650 00:34:50,320 --> 00:34:52,520 left or ideologically lean right. 651 00:34:52,520 --> 00:34:54,560 I don't. I don't care, right? 652 00:34:55,159 --> 00:34:58,160 What I care about is, are you on Team Freedom? 653 00:34:58,160 --> 00:35:01,480 Are you on Team Bitcoin? Are you on Team Optimism, peace, 654 00:35:01,480 --> 00:35:05,640 prosperity, opportunity for all? Are you on Team Green? 655 00:35:05,960 --> 00:35:09,720 Team nihilism, Team theft? Team Poverty? 656 00:35:10,000 --> 00:35:12,880 Team Nihilism? That's really the battle at 657 00:35:12,880 --> 00:35:15,400 hand. And you have to take action and 658 00:35:15,400 --> 00:35:18,400 agency, and you have to take this upon yourself. 659 00:35:18,400 --> 00:35:21,200 It's not as easy as just tuning into simply Bitcoin every single 660 00:35:21,200 --> 00:35:26,040 day, right? It's you have to go out and tell 661 00:35:26,040 --> 00:35:28,920 your friends and family around you and you have to tell them 662 00:35:29,320 --> 00:35:31,480 right, 'cause I'm sure a lot. You see this all the time. 663 00:35:31,600 --> 00:35:35,720 It's rampant all over YouTube. Like you see a lot of these 664 00:35:35,720 --> 00:35:39,320 political channels, right? Whether they're on the left and 665 00:35:39,320 --> 00:35:41,720 the right, and they're just complaining and they're like, 666 00:35:41,720 --> 00:35:43,320 you know, they're they're they're like they're doing all 667 00:35:43,320 --> 00:35:45,840 these things. And like, as Bitcoiners, we have 668 00:35:45,840 --> 00:35:48,800 the solutions to half those problems. 669 00:35:49,360 --> 00:35:52,720 If you fix the base layer of society, if you fix the money, 670 00:35:53,000 --> 00:35:57,720 it I truly believe a lot of the world's problems would go away 671 00:35:57,720 --> 00:36:00,560 and a lot of the people fighting would stop fighting. 672 00:36:00,800 --> 00:36:04,440 The fighting is caused because people are feeling the pain. 673 00:36:04,680 --> 00:36:06,520 That's really where it comes from. 674 00:36:06,840 --> 00:36:10,360 But the way that politics is set up right now is that it's like 675 00:36:10,480 --> 00:36:13,400 instead of personal, instead of being like dude, it's the money 676 00:36:13,400 --> 00:36:15,560 printing. What they do is that they blame 677 00:36:15,560 --> 00:36:17,640 the other political party in power. 678 00:36:17,640 --> 00:36:21,160 That's what they do. So don't get distracted by that 679 00:36:21,320 --> 00:36:24,880 and stay on message. Remember Democrat, Republican, I 680 00:36:24,880 --> 00:36:27,880 don't care. I will vote for you if you are 681 00:36:27,880 --> 00:36:30,400 going to protect my right this evening, even though I'm going 682 00:36:30,400 --> 00:36:32,200 to do it anyway. But if you're going to protect 683 00:36:32,200 --> 00:36:36,200 my right to self custody, if you're going to protect my my, 684 00:36:36,560 --> 00:36:38,200 you're going to protect me as a bitcoiner. 685 00:36:38,200 --> 00:36:40,040 You're going to stand up for me as a Bitcoiner. 686 00:36:40,280 --> 00:36:42,520 If you're a Democrat, Republican, I will vote for you. 687 00:36:42,560 --> 00:36:45,840 I don't care, right? And wherever you live around the 688 00:36:45,840 --> 00:36:47,960 world, because I know we have viewers all around the world, 689 00:36:47,960 --> 00:36:51,120 it's the same thing. Is your politician is the 690 00:36:51,120 --> 00:36:52,800 politician that's representing you? 691 00:36:53,240 --> 00:36:55,640 Are they for Bitcoin or the anti Bitcoin? 692 00:36:55,840 --> 00:36:58,160 If they're anti Bitcoin, they're pro theft. 693 00:36:58,640 --> 00:37:00,560 If they're anti Bitcoin, they're pro war. 694 00:37:00,760 --> 00:37:04,080 If they're anti Bitcoin, they're poor, They're they're for 695 00:37:04,480 --> 00:37:06,720 control, right? That's simple as that. 696 00:37:06,920 --> 00:37:10,000 This is really not complicated. So anyways, all of that being 697 00:37:10,000 --> 00:37:13,680 said, let's play you guys this clip a very interesting, let's 698 00:37:13,680 --> 00:37:16,840 check it out. You're calling for a $50.00 an 699 00:37:16,840 --> 00:37:19,720 hour federal minimum wage. That's seven times the current 700 00:37:19,720 --> 00:37:22,240 national minimum wage of 7/25 an hour. 701 00:37:22,560 --> 00:37:26,080 Can you explain how that would be economically sustainable for 702 00:37:26,080 --> 00:37:27,720 small businesses? You have 60 seconds. 703 00:37:29,000 --> 00:37:33,440 First, let me say I owned and ran a small business for 11 704 00:37:33,440 --> 00:37:36,320 years. I created hundreds of jobs, 705 00:37:37,040 --> 00:37:41,560 benefits, retirement benefits, also healthcare benefits. 706 00:37:41,800 --> 00:37:45,160 I know what worker productivity means, and that means that you 707 00:37:45,160 --> 00:37:48,960 have to make sure that your employees are taken care of and 708 00:37:48,960 --> 00:37:51,680 have a living wage. In the Bay Area. 709 00:37:52,320 --> 00:37:56,080 I believe it was the United Way came out with the report that 710 00:37:56,840 --> 00:38:02,720 very recently 100 and seven, $27,000 for a family of four is 711 00:38:02,720 --> 00:38:07,200 just barely enough to get by. Another survey very recently, 712 00:38:07,200 --> 00:38:11,640 104,000 for a family of one, barely enough to get by low 713 00:38:11,640 --> 00:38:14,320 income because of the affordability crisis. 714 00:38:14,600 --> 00:38:16,920 And so just do the math. Just do the math. 715 00:38:17,160 --> 00:38:21,280 Of course we have national minimum wages that we need to 716 00:38:21,280 --> 00:38:24,520 raise to a living wage. You're talking about $2025. 717 00:38:24,520 --> 00:38:26,800 Fine. But I have got to be focused on 718 00:38:26,800 --> 00:38:30,840 what California needs and what the affordability factor is when 719 00:38:30,840 --> 00:38:38,600 we calculate this wage. OK, OK, so talking about the 720 00:38:38,600 --> 00:38:42,080 affordability prices, talking about, you know, people can't 721 00:38:42,080 --> 00:38:47,360 afford stuff and the solution to this is just raising the minimum 722 00:38:47,360 --> 00:38:52,200 wage like. But the problem is, and this is 723 00:38:52,200 --> 00:38:56,440 ladies and gentlemen, where we have to wake people up to the 724 00:38:56,440 --> 00:39:05,280 scam, the racket. Because this is a scam, guys, if 725 00:39:05,280 --> 00:39:09,960 you use better money, you don't need a raise in minimum wage. 726 00:39:11,360 --> 00:39:16,240 Everything gets cheaper. Simple as that. 727 00:39:17,680 --> 00:39:21,440 If you use, if you use sound money, you won't need to. 728 00:39:21,640 --> 00:39:24,480 It's like that. That isn't even talked about. 729 00:39:25,040 --> 00:39:29,040 The reason they have to keep on raising wages the way they are 730 00:39:29,360 --> 00:39:33,480 is because of this, the amount of money that they're printing. 731 00:39:33,600 --> 00:39:35,800 Check this out. So this is the M2 money supply 732 00:39:35,800 --> 00:39:39,960 chart by the Fed, right? Take a look at housing prices. 733 00:39:40,760 --> 00:39:42,840 This is not a coincidence. Why did Why did they just? 734 00:39:42,840 --> 00:39:45,480 Why didn't just go up? Why'd just go up when they 735 00:39:45,480 --> 00:39:48,640 printed all that money When they print money? 736 00:39:48,880 --> 00:39:52,840 It's a wealth redistribution mechanism from the lower and 737 00:39:52,840 --> 00:39:57,520 middle classes that don't have the means to save an assets back 738 00:39:57,520 --> 00:40:00,560 to the very wealthy that do have the means to save an assets, 739 00:40:00,680 --> 00:40:02,880 even though they're not necessarily getting wealthier, 740 00:40:02,880 --> 00:40:06,480 maybe getting wealthy on paper and back to the government. 741 00:40:07,600 --> 00:40:09,920 You want to know what the solution is to this problem? 742 00:40:09,920 --> 00:40:13,840 The affordability crisis. It's the separation of money in 743 00:40:13,840 --> 00:40:16,800 state. It's getting the state out of 744 00:40:16,800 --> 00:40:18,680 money. You want to know why things are 745 00:40:18,680 --> 00:40:21,680 not affordable? It's because of inflation. 746 00:40:21,840 --> 00:40:24,040 You know who's responsible for inflation? 747 00:40:24,920 --> 00:40:28,800 Not companies. And remember, Joe Biden Gas lit 748 00:40:28,800 --> 00:40:31,280 us too. Remember the Super Bowl? 749 00:40:31,280 --> 00:40:36,320 He took advantage of the Super Bowl to lecture us about how to 750 00:40:36,320 --> 00:40:39,640 lecture us essentially about how, you know, these Fiat junk 751 00:40:39,640 --> 00:40:42,720 foods are getting smaller and smaller in their packaging. 752 00:40:43,640 --> 00:40:46,000 But and they're blaming companies. 753 00:40:46,560 --> 00:40:49,080 And this lady right now, she's blaming companies. 754 00:40:49,080 --> 00:40:51,280 She's saying like companies should raise the minimum wage no 755 00:40:51,280 --> 00:40:54,400 one could afford to live. That is literally caused because 756 00:40:54,400 --> 00:40:58,960 you guys printed so much money. Government is responsible for 757 00:40:58,960 --> 00:41:02,960 this. So seeking a solution from the 758 00:41:02,960 --> 00:41:07,200 people that are responsible, I think it's a bit naive. 759 00:41:07,640 --> 00:41:13,440 And then not only that, it's not only seeking a solution and 760 00:41:13,440 --> 00:41:17,360 they're offering a solution, it's that they have the gall to 761 00:41:17,360 --> 00:41:22,120 gaslight you in the process and basically call you crazy and 762 00:41:22,120 --> 00:41:26,160 say, hey, listen Turk, Thanksgiving has actually gotten 763 00:41:26,160 --> 00:41:28,720 cheaper. These companies are the ones 764 00:41:28,720 --> 00:41:31,040 that are effing you because they're greedy and taking 765 00:41:31,040 --> 00:41:34,760 profits. It has nothing to do with the 766 00:41:34,760 --> 00:41:38,040 fact that we're debasing the currency. 767 00:41:38,600 --> 00:41:42,360 Therefore, it puts, it puts these companies in a position 768 00:41:42,640 --> 00:41:47,320 where, hey, guess what, now they have to either shrink the 769 00:41:47,320 --> 00:41:50,720 packaging to keep the prices around the same level so that 770 00:41:50,720 --> 00:41:55,920 people buy their products. What the F happened in 1971, 771 00:41:56,600 --> 00:41:58,120 right? It's a very, very important 772 00:41:58,120 --> 00:42:01,040 question to ask. And again, the numbers show for 773 00:42:01,040 --> 00:42:01,560 it. The numbers. 774 00:42:02,400 --> 00:42:05,320 And not only do the numbers show it, ladies and gentlemen, 775 00:42:05,320 --> 00:42:09,400 because most important, most importantly, you have to focus 776 00:42:09,400 --> 00:42:17,320 on how they react to it, right? Because if there's a solution to 777 00:42:17,320 --> 00:42:20,560 this, if there's a solution to the quote UN quote, 778 00:42:20,560 --> 00:42:26,440 affordability crisis, if you've been saving in Bitcoin five year 779 00:42:26,440 --> 00:42:30,400 timescale, which is what we recommend, everything has gotten 780 00:42:30,400 --> 00:42:36,320 cheaper. The dollar, oil, let's go to 781 00:42:36,320 --> 00:42:39,920 commodities, right? Beef, eggs, remember that's one 782 00:42:39,920 --> 00:42:42,920 of the talking points that we always hear, right? 783 00:42:43,160 --> 00:42:45,880 You know we've lowered the price of eggs, right? 784 00:42:45,880 --> 00:42:49,400 The inflation has gotten lower. Well if you've been saving and 785 00:42:49,400 --> 00:42:54,120 earning in Bitcoin on a five year scale, things have got in 786 00:42:54,240 --> 00:42:59,400 the lowest is 79% cheaper. So there's a solution to the 787 00:42:59,400 --> 00:43:05,800 affordability crisis. However, the solution is a non 788 00:43:05,800 --> 00:43:11,280 state solution and then we always bring this up, which is 789 00:43:11,320 --> 00:43:16,400 Bitcoin exposes all incentives. And here's the thing, are these 790 00:43:16,400 --> 00:43:19,200 politicians really for the people, By the people. 791 00:43:20,000 --> 00:43:22,120 And Bitcoin has this beautiful thing. 792 00:43:22,120 --> 00:43:25,480 The beautiful feature that I love, that I hear not that many 793 00:43:25,480 --> 00:43:28,480 people talk about is that it exposes incentives. 794 00:43:29,360 --> 00:43:33,880 Now, if it is a solution to the affordability crisis and you can 795 00:43:33,880 --> 00:43:37,920 make an argument that it's a solution to shrink inflation, if 796 00:43:37,920 --> 00:43:41,880 it's a solution, you would think, hey wait a second, you 797 00:43:41,880 --> 00:43:43,760 would think that these politicians would be for it, 798 00:43:44,040 --> 00:43:47,080 right? That's not at all what is 799 00:43:47,080 --> 00:43:50,520 happening. Let's take a look at the the 800 00:43:50,640 --> 00:43:52,800 economic report coming out of the White House. 801 00:43:53,640 --> 00:43:54,720 Right. This is something that we 802 00:43:54,720 --> 00:43:59,040 covered when it came out last year, March 21st 2023, since the 803 00:43:59,040 --> 00:44:01,840 Biden administration took aim at cryptocurrencies in a new report 804 00:44:01,840 --> 00:44:04,680 arguing that many aspects of the digital asset ecosystem are 805 00:44:04,680 --> 00:44:07,920 creating issues for consumers, the financial system and the 806 00:44:07,920 --> 00:44:10,600 environment. The quote Economic Report of the 807 00:44:10,600 --> 00:44:13,880 President, published on Monday, is an annual publication of the 808 00:44:14,200 --> 00:44:16,760 Council of Economic Advisors aimed at explaining the 809 00:44:16,760 --> 00:44:19,040 President's economic priorities and policies. 810 00:44:19,400 --> 00:44:24,280 The March 2023 issue included an entire chapter on digital assets 811 00:44:24,480 --> 00:44:26,800 and economic principles. And here's the thing. 812 00:44:26,920 --> 00:44:29,960 They quote, they quote economic principles, Ladies and 813 00:44:29,960 --> 00:44:32,040 gentlemen. In those economic principles, 814 00:44:32,280 --> 00:44:37,960 they make the case for central banking, which is literally what 815 00:44:37,960 --> 00:44:42,200 caused what she's talking about, The affordability crisis, the 816 00:44:42,200 --> 00:44:43,720 government debasing the currency. 817 00:44:43,800 --> 00:44:46,000 OK, but you'd say, Nico, that's just one report. 818 00:44:46,000 --> 00:44:48,840 You're crazy. Let me introduce you to the 819 00:44:48,840 --> 00:44:52,880 Elizabeth Warren Warren bill that if passed, these are Pierre 820 00:44:52,880 --> 00:44:56,320 Richard's words, not mine. Would essentially kill the 821 00:44:56,320 --> 00:44:58,160 Bitcoin mining industry in the US. 822 00:44:58,600 --> 00:45:03,200 Not only would it do that, it would also attack self custody. 823 00:45:03,240 --> 00:45:06,680 Why are they so hell bent on attacking self custody? 824 00:45:08,040 --> 00:45:10,760 Because then they can't 61O2 order if they get in a pickle. 825 00:45:12,440 --> 00:45:18,200 So this all like comes into, it all kind of goes around and all 826 00:45:18,200 --> 00:45:26,760 kind of summarizes itself into Bitcoin has really exposed what 827 00:45:26,760 --> 00:45:32,000 the state is. And from my perspective, 828 00:45:32,000 --> 00:45:34,920 unfortunately, right, if you look at Abraham Lincoln's like 829 00:45:34,920 --> 00:45:39,160 famous, famous speech right, government for the people, by 830 00:45:39,160 --> 00:45:42,320 the people. Unfortunately, central banking 831 00:45:42,320 --> 00:45:48,680 since 1913 has frankensteined the government to being a 832 00:45:48,680 --> 00:45:53,360 government by the government for the government. 833 00:45:54,400 --> 00:45:57,480 It is not a government by the people, for the people. 834 00:45:59,120 --> 00:46:01,880 If American cities are falling into decay. 835 00:46:02,640 --> 00:46:05,000 And this happened yesterday, by the way, in the dead of night. 836 00:46:05,440 --> 00:46:11,960 And politicians are prioritizing sending $60 billion to fund a 837 00:46:11,960 --> 00:46:15,680 foreign war and they're prioritizing that rather than, 838 00:46:15,680 --> 00:46:18,240 you heard her, the affordability crisis. 839 00:46:20,000 --> 00:46:24,000 I think we need to have a conversation now. 840 00:46:24,240 --> 00:46:25,800 This is something that was predicted. 841 00:46:26,560 --> 00:46:29,200 Now this is something that we knew was gonna happen. 842 00:46:30,480 --> 00:46:32,200 Bitcoiners knew it was gonna happen for a while. 843 00:46:32,200 --> 00:46:35,040 But this, to give him credit, is a book that the sovereign 844 00:46:35,040 --> 00:46:39,400 individual, of which Peter Thiel wrote the foreword to it, 845 00:46:39,400 --> 00:46:42,400 predicted this and the reason it predicted this. 846 00:46:42,400 --> 00:46:45,080 And it said that the Internet has changed the discussion. 847 00:46:45,640 --> 00:46:47,680 The Internet has changed everything. 848 00:46:47,680 --> 00:46:49,760 They call it information technologies. 849 00:46:50,320 --> 00:46:53,760 And the culture segment will elaborate on that a little bit 850 00:46:53,760 --> 00:46:56,600 more. But to kind of summarize this 851 00:46:56,600 --> 00:46:59,760 block up, I do want to read you some of these passages. 852 00:47:00,160 --> 00:47:02,080 Things will start to make sense a little bit more. 853 00:47:02,640 --> 00:47:05,480 So it says new technologies will allow the holders of wealth to 854 00:47:05,480 --> 00:47:08,360 bypass the national monopolies that have issued and regulated 855 00:47:08,360 --> 00:47:11,480 money in the modern period. Their importance for controlling 856 00:47:11,480 --> 00:47:13,880 the world's wealth will be transcended by mathematical 857 00:47:13,880 --> 00:47:15,800 algorithms. They have no physic. 858 00:47:15,800 --> 00:47:18,680 They have no physical presence. In the new Millennium, cyber 859 00:47:18,680 --> 00:47:21,040 money controlled by private markets will supersede Fiat 860 00:47:21,040 --> 00:47:24,920 money issued by governments lacking their accustomed scope 861 00:47:24,920 --> 00:47:27,480 to tax inflate. Governments, even in 862 00:47:27,480 --> 00:47:29,920 traditionally civil countries, will turn nasty. 863 00:47:30,280 --> 00:47:33,360 Businesses that offer offer services that facilitate the 864 00:47:33,360 --> 00:47:36,000 realization of autonomy by individuals will be subject to 865 00:47:36,000 --> 00:47:38,440 infiltration, sabotage, and disruption. 866 00:47:38,600 --> 00:47:41,040 Arbitrary forfeiture of property, already commonplace in 867 00:47:41,040 --> 00:47:43,680 the United States where it occurs 5000 times a week, will 868 00:47:43,680 --> 00:47:46,680 become even more pervasive. Governments will violate human 869 00:47:46,680 --> 00:47:50,240 rights, censor the free flow of information, sabotage, useful 870 00:47:50,240 --> 00:47:53,360 technologies and worse. This is where we are in the 871 00:47:53,360 --> 00:47:56,080 movie, ladies and gentlemen. So when you see here the 872 00:47:56,080 --> 00:47:58,920 gaslighting, they're doing that on purpose. 873 00:47:58,920 --> 00:48:02,160 They're not naive. This is on purpose. 874 00:48:02,720 --> 00:48:06,960 And and it's, and I don't blame them, they're protecting their 875 00:48:06,960 --> 00:48:10,040 Moat. They're protecting that very 876 00:48:10,040 --> 00:48:14,160 sweet, special privilege that they've had, that they feel that 877 00:48:14,160 --> 00:48:18,160 they're entitled to. And remember what Hayek said. 878 00:48:18,600 --> 00:48:23,840 We have found a sly roundabout way of which they cannot ban. 879 00:48:23,840 --> 00:48:26,800 And because they cannot ban it outright, and we'll get to more 880 00:48:26,800 --> 00:48:30,200 of that during the culture segment, they have to compete 881 00:48:30,200 --> 00:48:33,480 with it. And here's the thing, Bitcoin is 882 00:48:33,480 --> 00:48:36,440 just better. And because it's better, who do 883 00:48:36,440 --> 00:48:39,160 you think's going to win that competition, right? 884 00:48:39,520 --> 00:48:42,480 So anyways, this is very exciting times guys. 885 00:48:42,680 --> 00:48:47,120 Once we get over this bump, once we get over this hill, I'm 886 00:48:47,120 --> 00:48:51,480 looking, I'm seeing, I'm forcing a freedom renaissance the likes 887 00:48:51,480 --> 00:48:53,840 of which humanity has never seen before. 888 00:48:54,120 --> 00:48:59,160 And I'm beyond excited for that because it it's going to be 889 00:48:59,160 --> 00:49:03,000 another step in in humanity. Just like the separation of 890 00:49:03,000 --> 00:49:06,320 church and state was a big step, the separation of church, I 891 00:49:06,320 --> 00:49:09,920 mean, money and state I think is going to be an even bigger step. 892 00:49:09,920 --> 00:49:12,520 And I think the world's going to be a lot better for it. 893 00:49:12,640 --> 00:49:15,400 Not only a lot better for it, Not only is it going to have 894 00:49:15,400 --> 00:49:18,680 more economic opportunities, but also it's going to be a lot more 895 00:49:18,680 --> 00:49:22,000 peaceful too. Without that money printer, they 896 00:49:22,000 --> 00:49:23,960 can't keep funding those endless wars. 897 00:49:23,960 --> 00:49:27,760 They need that money printer to be able to afford those things. 898 00:49:28,280 --> 00:49:31,440 So anyways, very exciting times. Opti, what's your take on all 899 00:49:31,440 --> 00:49:35,920 this? Yeah, so let's First of all, 900 00:49:36,920 --> 00:49:39,720 Mika Jones is so back. Mika Jones is so back. 901 00:49:39,720 --> 00:49:42,640 They'd love to see it. First of all, let's go back to 902 00:49:42,640 --> 00:49:44,640 that clip. I don't know who that Lady was 903 00:49:44,640 --> 00:49:46,760 talking about. A $50 minimum wage. 904 00:49:47,200 --> 00:49:50,160 But it's very interesting. You know, I say it all the time 905 00:49:50,160 --> 00:49:52,480 and and we have the meme Bitcoin, that Bitcoin changes 906 00:49:52,480 --> 00:49:54,000 you. You don't change Bitcoin. 907 00:49:54,320 --> 00:49:57,520 And before Bitcoin, $50.00, an hour minimum wage like that 908 00:49:57,520 --> 00:49:59,040 would have sounded like a good idea to me. 909 00:49:59,080 --> 00:50:03,400 Obviously I wasn't very educated in in Austrian economics. 910 00:50:03,400 --> 00:50:04,960 I didn't really understand economics. 911 00:50:04,960 --> 00:50:07,320 And you know, as as an average everyday person, you're like, 912 00:50:07,320 --> 00:50:11,480 yeah, pay me $50.00 an hour to do my minimum wage job. 913 00:50:11,480 --> 00:50:15,040 Like that sounds awesome. I I would love more dollars and 914 00:50:15,040 --> 00:50:19,080 then you know, I found Bitcoin and I learned through a lot of 915 00:50:19,080 --> 00:50:23,280 study and and just diving into the greats of economics, the 916 00:50:23,280 --> 00:50:26,080 Austrian economists out there that explain to you the real 917 00:50:26,240 --> 00:50:28,560 source of the problem. It. 918 00:50:29,200 --> 00:50:32,880 Dawns on you that a $50 minimum wage would actually cause more 919 00:50:32,880 --> 00:50:35,920 issues than solutions. And it's very interesting that 920 00:50:35,920 --> 00:50:38,920 we are in this position right now where you know, all the 921 00:50:38,920 --> 00:50:42,600 talking heads on corporate press are are just constantly trying 922 00:50:42,600 --> 00:50:45,120 to gain favor by people that really don't know what's going 923 00:50:45,120 --> 00:50:46,680 on. And they always just like spew 924 00:50:46,680 --> 00:50:49,160 out ridiculous quote UN quote solutions. 925 00:50:49,600 --> 00:50:52,160 And again, you started that rip with like don't fall for the 926 00:50:52,160 --> 00:50:53,960 division. Guys like this is the important 927 00:50:53,960 --> 00:50:56,960 part about Bitcoin. Like Bitcoin is a political 928 00:50:56,960 --> 00:50:58,840 money. It is the separation of money 929 00:50:58,840 --> 00:51:01,040 from state. It's Bitcoin versus Fiat. 930 00:51:01,040 --> 00:51:04,360 It's not, you know, Democrat, Republican, or whatever your 931 00:51:04,360 --> 00:51:07,240 political affiliation of choice is. 932 00:51:07,880 --> 00:51:11,560 Anyone can adopt Bitcoin. Bitcoin is neutral money, and 933 00:51:11,560 --> 00:51:14,000 this is a feature. Anyone can use it. 934 00:51:14,040 --> 00:51:18,000 And this is the beauty of Bitcoin, is that it is just a 935 00:51:18,000 --> 00:51:21,360 neutral money that sits out there, that no one can control, 936 00:51:21,360 --> 00:51:25,080 that no one can manipulate. And that in turn, like Niko was 937 00:51:25,080 --> 00:51:28,160 saying, will improve society as a whole. 938 00:51:28,320 --> 00:51:31,760 Especially when you're able to, you know, eliminate the parasite 939 00:51:31,760 --> 00:51:35,160 or the Leech that's funneling off value to themselves. 940 00:51:35,320 --> 00:51:37,480 What do you think is going to happen to society when people 941 00:51:37,480 --> 00:51:41,880 are able able to retain as much of their value that they create 942 00:51:41,880 --> 00:51:44,480 as possible? You will see that individuals 943 00:51:44,480 --> 00:51:47,040 not only will mentally free themselves, but financially free 944 00:51:47,040 --> 00:51:49,640 themselves and start creating the things that they want to see 945 00:51:49,640 --> 00:51:52,040 in the world. And society will improve in the 946 00:51:52,040 --> 00:51:55,840 last 100 years since the Federal Reserve was created, since we've 947 00:51:55,840 --> 00:52:01,120 basically gone on a paper money standard, it's very you can make 948 00:52:01,120 --> 00:52:03,840 a very compelling case that society is starting to 949 00:52:03,840 --> 00:52:06,160 degradate, that is starting to devolve. 950 00:52:06,480 --> 00:52:08,600 And I would argue it is because the money. 951 00:52:08,600 --> 00:52:11,480 That's why bit corners always say fix the money, fix the 952 00:52:11,480 --> 00:52:15,400 world. So as much of the idea sounding 953 00:52:15,400 --> 00:52:19,440 good that Oh yeah, let's raise 50 minimum wage to $50.00 an 954 00:52:19,440 --> 00:52:21,920 hour. Obviously an average person that 955 00:52:21,920 --> 00:52:24,400 is stuck in the hamster wheel, stuck in the rat race like of 956 00:52:24,400 --> 00:52:28,240 course this sounds good. It sounds like, yeah, I would 957 00:52:28,240 --> 00:52:31,720 love to have more money, but if you don't understand the the 958 00:52:31,720 --> 00:52:34,720 mechanism playing out right now, that would actually hurt you 959 00:52:34,720 --> 00:52:38,440 more and you would essentially never make it out of the rat 960 00:52:38,440 --> 00:52:40,920 race, even though you are making more dollars because they would 961 00:52:40,920 --> 00:52:43,000 essentially just be inflating the money supply. 962 00:52:43,280 --> 00:52:44,800 Like, where is this money going to come from? 963 00:52:44,800 --> 00:52:48,840 And not only that, she started that rant with like, I once 964 00:52:48,880 --> 00:52:52,680 owned a small business, like how are these small businesses going 965 00:52:52,680 --> 00:52:54,760 to be able to pay for this? There'd be no more small 966 00:52:54,760 --> 00:52:58,320 businesses left and there'd only be the huge corporation in the 967 00:52:58,320 --> 00:53:00,280 world. So it's very interesting that 968 00:53:00,280 --> 00:53:05,040 the very people that they are trying to angle this message 969 00:53:05,040 --> 00:53:09,840 towards would get hurt the most in this process. 970 00:53:09,840 --> 00:53:11,760 And of course they never talk about this, they never talk 971 00:53:11,760 --> 00:53:15,960 about the 2nd order effects of printing money, of price fixing, 972 00:53:16,120 --> 00:53:19,200 and it essentially would hurt you, the individual. 973 00:53:19,200 --> 00:53:21,840 And This is why we always say opt out of this. 974 00:53:21,840 --> 00:53:25,640 You do not want to use a money that another man or a woman can 975 00:53:25,640 --> 00:53:28,440 create out of thin air, and that's what Bitcoin is. 976 00:53:28,800 --> 00:53:30,920 And so you need to protect yourself because these 977 00:53:30,920 --> 00:53:34,600 politicians out here again, you know, I said it yesterday, a guy 978 00:53:34,600 --> 00:53:38,160 talking about the Roman Empire, but we are at the point of a 979 00:53:38,160 --> 00:53:42,120 declining empire where the politicians and now the bankers 980 00:53:42,280 --> 00:53:46,480 are just trying to steal as much as possible, as quickly as 981 00:53:46,480 --> 00:53:50,120 possible before the population wakes up to what is actually 982 00:53:50,120 --> 00:53:52,520 happening. And This is why we tell you that 983 00:53:52,520 --> 00:53:56,240 you need to take some personal responsibility. 984 00:53:56,920 --> 00:54:00,120 You need to take some initiative and you need to save in Bitcoin 985 00:54:00,120 --> 00:54:03,640 or else you're really going to be in a world of pain. 986 00:54:03,640 --> 00:54:06,560 And you know, unfortunately, I don't want to see that. 987 00:54:06,800 --> 00:54:09,040 But again, I can't force you to save Bitcoin. 988 00:54:09,040 --> 00:54:12,520 We just do our best to either emotionally or logically hook 989 00:54:12,520 --> 00:54:16,320 you into the idea that you want to use a money that cannot be 990 00:54:16,320 --> 00:54:18,040 debased. It's a very simple idea, like, 991 00:54:18,040 --> 00:54:19,320 we don't have to complicate this. 992 00:54:19,320 --> 00:54:22,680 You just need to save in something that cannot be stolen 993 00:54:22,680 --> 00:54:24,840 from you, AKA Bitcoin. Exactly. 994 00:54:24,840 --> 00:54:27,880 Don't, don't middle of of the of the bell curve. 995 00:54:27,920 --> 00:54:31,240 It like it's really not that complicated. 996 00:54:31,240 --> 00:54:34,600 Ladies and gentlemen, it's really not that complicated 997 00:54:34,920 --> 00:54:39,000 anyways. So guys, let's get to the 998 00:54:39,000 --> 00:54:40,920 culture. We have a lot to talk about 999 00:54:40,920 --> 00:54:44,320 still. But before we do that, I do want 1000 00:54:44,320 --> 00:54:48,040 to give a very, very special shout out to our sponsor. 1001 00:54:48,280 --> 00:54:52,240 We wouldn't be here without our sponsors and one of our sponsors 1002 00:54:52,240 --> 00:54:56,400 is Bitcoin Evangelism, planting the seeds for the centralized 1003 00:54:56,400 --> 00:54:58,240 revolution. I told you guys, all of our 1004 00:54:58,240 --> 00:55:02,440 sponsors are literally helping you that are helping you with 1005 00:55:02,680 --> 00:55:04,680 what's going on. So this is called Bitcoin 1006 00:55:04,680 --> 00:55:08,200 Evangelism, Planting Seeds for the Centralized Revolution. 1007 00:55:08,720 --> 00:55:12,360 It's a book by Brian de Mint and it's an absolute beast of a 1008 00:55:12,360 --> 00:55:15,480 resource for orange peeling. No coiners and all pointers 1009 00:55:15,480 --> 00:55:17,360 alike. This is a book for bitcoiners 1010 00:55:17,360 --> 00:55:19,840 who know Bitcoin but have a hard time explaining it to their 1011 00:55:19,840 --> 00:55:22,120 friends. It's a book for Bitcoiners who 1012 00:55:22,120 --> 00:55:25,360 are trying to explain Bitcoin only to all coiners. 1013 00:55:25,520 --> 00:55:27,480 It's available on Amazon right now. 1014 00:55:27,480 --> 00:55:30,960 You can either check the link in the video description, or you 1015 00:55:30,960 --> 00:55:32,880 can scan the QR code on your screen. 1016 00:55:33,120 --> 00:55:35,520 Get yourself a copy of Bitcoin Evangelism. 1017 00:55:35,520 --> 00:55:38,360 If you have your brother, a mother, a father, a daughter, 1018 00:55:38,480 --> 00:55:40,680 whoever, and you just you can't get to them. 1019 00:55:41,880 --> 00:55:44,480 This is the tool for you. All right, everybody, let's get 1020 00:55:44,480 --> 00:55:46,520 to the culture. We have a lot to talk about 1021 00:55:46,520 --> 00:55:47,560 today. Let's check it out. 1022 00:55:47,560 --> 00:55:52,720 Here we go. The Daily Culture. 1023 00:56:00,160 --> 00:56:03,440 All right everybody. 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Scan the QR code or check the 1041 00:56:55,120 --> 00:56:58,560 link in the video description. All right everybody, no more. 1042 00:56:58,560 --> 00:57:01,960 No more delay. We have a lot to talk about in 1043 00:57:01,960 --> 00:57:03,960 terms of culture. Let's get to it. 1044 00:57:04,360 --> 00:57:06,720 So let's start off with this first. 1045 00:57:07,520 --> 00:57:10,440 This is something that came out of the United Kingdom. 1046 00:57:10,720 --> 00:57:15,200 So not only are they attacking self custody here in the US, 1047 00:57:15,720 --> 00:57:19,640 this is happening you know on a on a world at a worldwide level, 1048 00:57:19,640 --> 00:57:23,920 right, specifically in the countries that have very, very, 1049 00:57:24,960 --> 00:57:28,560 very powerful Fiat currency. So those governments, they're 1050 00:57:28,560 --> 00:57:30,640 protecting their Moat. We just talked about it, right. 1051 00:57:31,080 --> 00:57:34,280 So this is coming out of the UK. This is confirmed by the way. 1052 00:57:34,960 --> 00:57:39,080 So this is an e-mail that Kraken in the UK was sending, sending 1053 00:57:39,080 --> 00:57:40,800 everyone. By the way, this is coming to 1054 00:57:40,800 --> 00:57:44,320 the US like make no mistake, they're going to try to do this. 1055 00:57:44,480 --> 00:57:48,720 The Elizabeth Warren Bill is actually already talking about 1056 00:57:48,720 --> 00:57:51,960 it address a major gap with respect to quote unhosted 1057 00:57:51,960 --> 00:57:55,160 digital wallets, meaning wallets of which you have the keys to 1058 00:57:55,160 --> 00:57:58,000 and the government doesn't have the keys to anyways. 1059 00:57:58,360 --> 00:58:02,120 Regulation in the UK require that we maintain up to date 1060 00:58:02,120 --> 00:58:05,360 information about our clients and their account activity 1061 00:58:05,360 --> 00:58:09,920 regarding self custody wallets. A self custody wallet is 1 where 1062 00:58:09,920 --> 00:58:13,120 you manage your private keys yourself, for example a hardware 1063 00:58:13,120 --> 00:58:16,360 wallet. After you reply or so, you have 1064 00:58:16,360 --> 00:58:19,800 to confirm that you own or in control of the self custody 1065 00:58:19,800 --> 00:58:21,760 wallet that you're sending or receiving from. 1066 00:58:21,960 --> 00:58:25,320 If you do not own or control the self custodial wallets that 1067 00:58:25,320 --> 00:58:28,040 you're sending and receiving from, please detail which 1068 00:58:28,040 --> 00:58:32,000 addresses these are and who the owner and controller is and 1069 00:58:32,000 --> 00:58:33,880 provide their residential address. 1070 00:58:33,880 --> 00:58:35,880 It's very similar to what happened in the US, right? 1071 00:58:36,080 --> 00:58:41,160 If you send more than $10,000 or the equivalent of $10,000, you 1072 00:58:41,160 --> 00:58:45,240 have to literally send that person's name, address and 1073 00:58:45,240 --> 00:58:48,280 Social Security number to the IRS, right? 1074 00:58:48,400 --> 00:58:51,120 So same thing. Now Beauty On had a great take. 1075 00:58:51,120 --> 00:58:55,920 Beauty on is the founder of this amazing Bitcoin company called a 1076 00:58:55,920 --> 00:58:58,520 Stecco. And what a Stecco allows you to 1077 00:58:58,520 --> 00:59:02,360 do is it allows you to by purchasing vouchers, it allows 1078 00:59:02,360 --> 00:59:07,080 you to stack non KYC Bitcoin. And he provided a historical 1079 00:59:07,080 --> 00:59:09,960 example and I did a little bit of research myself. 1080 00:59:09,960 --> 00:59:13,960 So in the 1990s, the French government, and this is, goes 1081 00:59:13,960 --> 00:59:16,760 back to a point that I was making in the beginning of the 1082 00:59:16,760 --> 00:59:22,200 show, that governments like, you know, like the church back in 1083 00:59:22,200 --> 00:59:26,880 the day, they will try to stop the transition into the 1084 00:59:26,880 --> 00:59:29,080 information age. They will try it. 1085 00:59:29,760 --> 00:59:31,720 They will do whatever it takes. Right. 1086 00:59:32,480 --> 00:59:37,160 There's a great, there's a great quote by Naimbu Kele just to 1087 00:59:37,160 --> 00:59:39,560 kind of give you an idea of what they're willing to do. 1088 00:59:39,760 --> 00:59:42,000 Right. They're willing to fight, lie, 1089 00:59:42,000 --> 00:59:44,720 smear, destroy, censor, confiscate, print and do 1090 00:59:44,720 --> 00:59:47,120 whatever it takes to maintain and increase their control over 1091 00:59:47,120 --> 00:59:48,920 the truth and everything and everyone. 1092 00:59:49,320 --> 00:59:51,520 Just to kind of give you an idea that's not Nico's words. 1093 00:59:51,520 --> 00:59:53,520 That is the president of El Salvador, Naimbu Kele. 1094 00:59:54,000 --> 00:59:56,480 So anyways goes on to say this is beauty on. 1095 00:59:56,560 --> 00:59:59,640 In the 1990s the French government tried to mandate that 1096 00:59:59,640 --> 01:00:03,160 everyone using PGP store a copy of their secret key with a 1097 01:00:03,160 --> 01:00:06,800 government department when they discovered that SSL worked with 1098 01:00:06,800 --> 01:00:09,720 key pairs and that they would not be able to. 1099 01:00:10,880 --> 01:00:14,800 This is a French fight to Le Comos Ellotic without 1100 01:00:14,800 --> 01:00:18,160 dynamically creating an unregulated SSL certificates on 1101 01:00:18,160 --> 01:00:20,120 demand. The proposal was dropped. 1102 01:00:20,640 --> 01:00:23,440 The same thing will be true for Bitcoin in the end. 1103 01:00:23,560 --> 01:00:27,600 When everyone on earth is using Bitcoin and a billion people are 1104 01:00:27,600 --> 01:00:32,080 on samurai wallet, no government that wants to avoid public 1105 01:00:32,080 --> 01:00:36,360 humiliation will mandate that Bitcoin wallet users register 1106 01:00:36,360 --> 01:00:39,200 with the government. Most bitcoiners know nothing 1107 01:00:39,200 --> 01:00:43,480 about the history of public key cryptography, the laws the state 1108 01:00:43,480 --> 01:00:47,120 attempted to pass to control it, and how all of this applies 1109 01:00:47,120 --> 01:00:51,040 directly to Bitcoin and all they know about is number go up, 1110 01:00:51,200 --> 01:00:53,240 right, Right. It's it's important guys. 1111 01:00:53,240 --> 01:00:54,800 We talked a lot about number go up. 1112 01:00:55,040 --> 01:00:57,800 But remember, this is the separation of money in state. 1113 01:00:57,920 --> 01:01:00,520 So during the culture segment, I do want to talk about this. 1114 01:01:00,520 --> 01:01:04,440 I do want to talk a little bit about the history of government, 1115 01:01:04,840 --> 01:01:08,960 specifically here in the US fighting the ability for the 1116 01:01:08,960 --> 01:01:11,480 public. I'll I'll read you the Wikipedia 1117 01:01:11,680 --> 01:01:13,640 summary because I think it describes it best. 1118 01:01:14,840 --> 01:01:17,280 It's basically attempts by the government. 1119 01:01:17,400 --> 01:01:19,440 These are so-called the crypto wars. 1120 01:01:19,440 --> 01:01:23,360 Not crypto as in cryptocurrency, but crypto as in cryptography. 1121 01:01:23,640 --> 01:01:29,040 So it's an attempt unofficially dubbed the Crypto Wars have been 1122 01:01:29,040 --> 01:01:32,640 made by the United States and allied governments to limit the 1123 01:01:32,640 --> 01:01:37,000 public's and foreign nationals, the foreign nations, access to 1124 01:01:37,000 --> 01:01:41,640 cryptography strong enough to thwart decryption by national 1125 01:01:41,640 --> 01:01:44,880 intelligence agencies, especially the NSA. 1126 01:01:45,000 --> 01:01:48,080 And remember, ladies and gentlemen, remember Barack 1127 01:01:48,080 --> 01:01:52,160 Obama, We played you that video, right, a couple days ago where 1128 01:01:52,160 --> 01:01:55,280 he's literally saying, you know, the world would basically go to 1129 01:01:55,280 --> 01:01:58,680 shit if everyone had a Swiss bank account in their pocket and 1130 01:01:58,680 --> 01:02:01,560 we, the government, couldn't have access to it. 1131 01:02:01,720 --> 01:02:04,080 Well, let's take a look at that, right. 1132 01:02:04,080 --> 01:02:07,800 Let's take a look at that. So this is Tucker, right? 1133 01:02:07,800 --> 01:02:09,520 And we talked a lot about Tucker. 1134 01:02:09,680 --> 01:02:12,040 And a lot of people, maybe they took it personally because they 1135 01:02:12,040 --> 01:02:14,920 don't like the guy, they don't like Putin, They don't like the 1136 01:02:14,920 --> 01:02:18,360 interview that he conducted. But this is a tweet that I said 1137 01:02:18,360 --> 01:02:20,160 a couple days ago before I play you guys. 1138 01:02:20,160 --> 01:02:23,520 That video. And I said Tucker's interview 1139 01:02:23,520 --> 01:02:26,520 represents the beginning of a future where individuals decide 1140 01:02:26,520 --> 01:02:28,920 what to believe and not governments. 1141 01:02:29,840 --> 01:02:32,000 And then someone got mad and they said, you know, they he 1142 01:02:32,000 --> 01:02:33,840 interviewed Tucker and he interviewed Putin. 1143 01:02:33,840 --> 01:02:36,200 And Putin's a bad guy. Hey, listen, Putin's a trained 1144 01:02:36,200 --> 01:02:38,280 KGB agent. I don't believe what the guy has 1145 01:02:38,280 --> 01:02:40,320 to say. But if that's what your focus 1146 01:02:40,320 --> 01:02:43,800 on, you're missing the point. The historical significance of 1147 01:02:43,800 --> 01:02:46,960 this event lies in the fact that the interview happened in the 1148 01:02:46,960 --> 01:02:51,040 1st place and was distributed on such a large scale, thereby 1149 01:02:51,040 --> 01:02:54,800 circumventing the traditional gatekeepers of information, not 1150 01:02:54,800 --> 01:02:58,000 the substance of the interview. That was the historic event. 1151 01:02:58,480 --> 01:03:00,440 Because essentially what governments would like you to 1152 01:03:00,440 --> 01:03:03,880 believe, what Barack Obama would like you to believe, is that 1153 01:03:03,880 --> 01:03:09,200 they are not going to use these so-called back doors against 1154 01:03:09,200 --> 01:03:12,200 you. Now don't believe me? 1155 01:03:12,280 --> 01:03:15,520 I read you a phrase from the from Naimbu Kele. 1156 01:03:16,360 --> 01:03:20,520 Now hear from Tucker. I'll start in reverse order. 1157 01:03:20,520 --> 01:03:22,920 Why now? Well, I've been trying for three 1158 01:03:22,920 --> 01:03:26,240 years to do this interview. The US government prevented me 1159 01:03:26,240 --> 01:03:30,000 from doing it by spying on my text messages and leaking them 1160 01:03:30,000 --> 01:03:33,760 to the New York Times, and that Spooks the Russian government 1161 01:03:33,760 --> 01:03:36,840 into cancelling the interview. So I've been trying to do this, 1162 01:03:37,080 --> 01:03:41,640 but my country's Intel services were working against me 1163 01:03:41,640 --> 01:03:45,120 illegally, and that enraged me. Because I'm an American citizen. 1164 01:03:45,120 --> 01:03:46,520 I'm 54. I pay my taxes. 1165 01:03:46,520 --> 01:03:49,240 I obey the law. And there was no expectation in 1166 01:03:49,240 --> 01:03:53,320 the America that I grew up in that my government and its Intel 1167 01:03:53,320 --> 01:03:57,240 services, NSA and CIA, which were always outwardly focused on 1168 01:03:57,240 --> 01:04:01,280 our foreign enemies, would be turned inward against American 1169 01:04:01,280 --> 01:04:07,480 citizens. And I'm, I mean, right, Like and 1170 01:04:07,520 --> 01:04:10,640 then kind of making full circle, right? 1171 01:04:10,800 --> 01:04:12,720 Because you could say OK, but Nico, they're entitled. 1172 01:04:13,000 --> 01:04:16,360 No, no. This is literally enshrined in 1173 01:04:16,360 --> 01:04:21,080 the constitution and you tell me if spying on text messages of 1174 01:04:21,080 --> 01:04:22,520 citizens. Remember there's freedom of 1175 01:04:22,520 --> 01:04:26,800 speech right. If requiring you to so-called 1176 01:04:26,800 --> 01:04:31,840 register you know your Bitcoin addresses or it's basically 1177 01:04:31,840 --> 01:04:35,040 saying that self custody is illegal. 1178 01:04:35,600 --> 01:04:39,280 Tell me if you believe this might go against the 4th 1179 01:04:39,280 --> 01:04:40,720 amendment. I'm gonna read it to you guys 1180 01:04:40,720 --> 01:04:42,520 and you let me know what you think in the comments. 1181 01:04:43,560 --> 01:04:46,440 The 4th Amendment to the United States Constitution is part of 1182 01:04:46,440 --> 01:04:50,600 the Bill of Rights. It prohibits unreasonable 1183 01:04:50,600 --> 01:04:54,280 searches and seizures and sets requirements for issuing 1184 01:04:54,280 --> 01:04:55,760 warrants. Right. 1185 01:04:56,200 --> 01:04:59,520 And then you'd be thinking like Nikko, like, yeah, that's 1186 01:04:59,520 --> 01:05:01,840 totally unreasonable. Why is this happening? 1187 01:05:02,200 --> 01:05:06,160 Well, to go back to the sovereign individual, lacking 1188 01:05:06,160 --> 01:05:10,320 their custom scope to tax, inflate and inflate, governments 1189 01:05:10,320 --> 01:05:13,280 even in traditionally civil countries, will turn nasty. 1190 01:05:13,880 --> 01:05:17,800 This is why this is happening. The the Internet has 1191 01:05:17,800 --> 01:05:22,360 disintermediated money, but it is also disintermediated 1192 01:05:22,640 --> 01:05:26,360 information, and we're all living in the chaos of it right 1193 01:05:26,360 --> 01:05:28,520 now. And what you can do as a 1194 01:05:28,520 --> 01:05:31,640 sovereign individual, what you can do as a bitcoiner, is 1195 01:05:31,680 --> 01:05:34,640 empower yourself. Do your own research. 1196 01:05:35,040 --> 01:05:39,520 Don't rely on a single point of information. 1197 01:05:39,840 --> 01:05:45,120 Don't rely on, you know, a single wallet. 1198 01:05:45,120 --> 01:05:48,120 Don't rely on what people are telling you. 1199 01:05:48,120 --> 01:05:51,880 Do your own research. Don't rely on the government's 1200 01:05:51,880 --> 01:05:54,600 money. Choose what money you want to 1201 01:05:54,600 --> 01:05:56,400 use. Obviously we recommend Bitcoin. 1202 01:05:56,400 --> 01:05:59,720 Clearly it's the best money, but don't believe me? 1203 01:05:59,960 --> 01:06:03,760 Verify it yourself, right? Stop trusting other people. 1204 01:06:03,760 --> 01:06:06,880 Especially when you have the capability, you have the tools 1205 01:06:07,080 --> 01:06:11,120 in order to empower yourself to do your own research and to self 1206 01:06:11,120 --> 01:06:13,080 custody, your money as well, right? 1207 01:06:13,240 --> 01:06:16,560 So this is an inflection point in human history and it's 1208 01:06:16,560 --> 01:06:20,360 incredibly exciting because I'm telling you, it's going to 1209 01:06:20,360 --> 01:06:24,400 change absolutely everything. Now, the last thing we want to 1210 01:06:24,400 --> 01:06:28,160 happen is for people to get left behind, right? 1211 01:06:28,280 --> 01:06:30,640 I don't want that to happen. I don't want that to happen to 1212 01:06:30,640 --> 01:06:32,560 my family. I don't want that to happen to 1213 01:06:32,560 --> 01:06:36,160 my friends. So I fight every single day to 1214 01:06:36,160 --> 01:06:39,840 inform the people around me and to tell them about the tools 1215 01:06:39,840 --> 01:06:44,200 that they can use to empower their to empower themselves, 1216 01:06:44,480 --> 01:06:46,280 right. So anyways, Opti, what's your 1217 01:06:46,280 --> 01:06:51,320 take on this? Yeah, so I mean, first of all, 1218 01:06:51,320 --> 01:06:55,440 that cracking news like what they're trying to KYC your 1219 01:06:55,440 --> 01:06:58,360 private keys like the UK is crazy. 1220 01:06:58,360 --> 01:07:01,160 What is going on? That's absolutely insane. 1221 01:07:01,280 --> 01:07:05,560 I mean, we know that this was going to happen, but when they 1222 01:07:05,560 --> 01:07:08,000 actually roll it out, it just makes me wonder like how that 1223 01:07:08,000 --> 01:07:10,080 you can enforce this. But anyway, that's that's 1224 01:07:10,080 --> 01:07:12,320 totally other conversation. I mean that's the whole point of 1225 01:07:12,320 --> 01:07:14,640 that's what that's what beauty on was saying exactly. 1226 01:07:14,920 --> 01:07:17,200 It's unenforceable. It's unenforceable. 1227 01:07:17,280 --> 01:07:19,280 They're they're they're fighting an uphill battle. 1228 01:07:19,280 --> 01:07:22,280 But at the same time, it's like what they're trying to enforce 1229 01:07:22,280 --> 01:07:27,240 itself is like, so it's so anti American opti me and you are 1230 01:07:27,240 --> 01:07:30,520 immigrants dude, this wasn't the country we were sold on. 1231 01:07:30,840 --> 01:07:33,840 The land of the free my ass. This isn't this. 1232 01:07:34,040 --> 01:07:37,480 Like what is this shit? This is crazy but connected with 1233 01:07:37,480 --> 01:07:39,320 what I was saying during the news segment. 1234 01:07:39,560 --> 01:07:43,000 It's like they're acting like this because they're desperate 1235 01:07:43,000 --> 01:07:45,640 to protect the privilege of the money printer. 1236 01:07:45,840 --> 01:07:47,560 That's literally what they're trying to do. 1237 01:07:47,920 --> 01:07:49,560 Exactly. And that's where I was going. 1238 01:07:49,560 --> 01:07:52,880 Like, we know that the powers that be will try whatever they 1239 01:07:52,880 --> 01:07:56,880 can to stop Bitcoin, and we all know we covered it last year in 1240 01:07:56,880 --> 01:07:58,840 detail. Like I don't know every other 1241 01:07:58,840 --> 01:08:01,640 couple of weeks that the on and off ramps are the choke point. 1242 01:08:01,640 --> 01:08:05,000 And remember Operation Choke .2 point O we know that they were 1243 01:08:05,000 --> 01:08:07,080 going to try to attack the exchanges. 1244 01:08:07,240 --> 01:08:10,440 Whether that means making them go through unnecessary loopholes 1245 01:08:10,440 --> 01:08:14,000 or trying to KYC everything coming from the exchanges or 1246 01:08:14,000 --> 01:08:17,640 outright just trying to ban Bitcoin yet, we're not there 1247 01:08:17,640 --> 01:08:19,720 yet. But this is how they do that. 1248 01:08:19,720 --> 01:08:23,760 Sly, roundabout ways in quotes to try to hamper Bitcoin. 1249 01:08:24,479 --> 01:08:27,920 And man, This is why we tell you every single day that take 1250 01:08:28,040 --> 01:08:32,600 custody of your Bitcoin. Holding Bitcoin directly is the 1251 01:08:32,600 --> 01:08:34,800 revolution. This is why in the beginning of 1252 01:08:34,800 --> 01:08:37,800 the show I was kind of saying you know the all the Bitcoin 1253 01:08:37,800 --> 01:08:41,760 flowing into a spot Bitcoin ETF starts to make me feel uneasy is 1254 01:08:41,760 --> 01:08:45,840 because I am a die hard monetary maximalist. 1255 01:08:45,840 --> 01:08:48,240 I am a die hard self custody maximalist. 1256 01:08:48,240 --> 01:08:52,800 I think holding Bitcoin directly is the safest way to interact 1257 01:08:52,800 --> 01:08:54,840 with your money moving forward in digital age. 1258 01:08:55,240 --> 01:08:58,880 And the fact that they're trying to stop you from custodying your 1259 01:08:58,880 --> 01:09:02,720 Bitcoin, or rather tag and bag you your UTXOS and and your 1260 01:09:02,720 --> 01:09:05,760 control of your Bitcoin just goes to show how powerful it is. 1261 01:09:05,760 --> 01:09:07,720 And this is them trying to stop it. 1262 01:09:07,840 --> 01:09:09,240 You know, take custody of your Bitcoin. 1263 01:09:09,240 --> 01:09:13,359 It's not illegal yet though we know that they will try to stop 1264 01:09:13,359 --> 01:09:15,359 Bitcoin. Remember, I jokingly and 1265 01:09:15,359 --> 01:09:19,479 sarcastically say that Brad Sherman and Elizabeth Warren are 1266 01:09:19,479 --> 01:09:22,359 my favorite politicians because they say the quiet parts out 1267 01:09:22,359 --> 01:09:26,319 loud and they are active, actively afraid of you taking 1268 01:09:26,319 --> 01:09:29,200 custody of your Bitcoin. And it's absolutely ridiculous. 1269 01:09:29,200 --> 01:09:32,040 Like, what are they going to do? Outlaw 12 words? 1270 01:09:32,040 --> 01:09:35,240 Like it's literally words. They can't stop Bitcoin. 1271 01:09:35,240 --> 01:09:39,279 It's literally, it's nothing but ones and zeros and letters. 1272 01:09:39,279 --> 01:09:42,040 It's words like they can't stop the human language. 1273 01:09:42,040 --> 01:09:44,439 Do you blame them? Like no, of course they don't 1274 01:09:44,439 --> 01:09:46,439 know that, dude. They've been used to this God 1275 01:09:46,439 --> 01:09:50,680 like power of of having that type of control over other human 1276 01:09:50,680 --> 01:09:53,080 beings. Like like it doesn't surprise me 1277 01:09:53,080 --> 01:09:57,360 whatsoever that they're attempting to you know to to to 1278 01:09:57,440 --> 01:10:00,760 try to be like you know what like no, like we could still do 1279 01:10:00,760 --> 01:10:03,080 this right. That's the pill that they're 1280 01:10:03,080 --> 01:10:05,840 gonna swallow and they're gonna hate it like they're gonna 1281 01:10:05,920 --> 01:10:08,600 they're gonna, you know in the sovereign individual and I think 1282 01:10:08,600 --> 01:10:10,560 Svetsky caused the the laggards, right. 1283 01:10:11,520 --> 01:10:14,680 Something like that, right? Like, yeah, the world is 1284 01:10:14,680 --> 01:10:18,240 changing, guys, and you can't stop it, like the famous quote. 1285 01:10:18,240 --> 01:10:21,520 Or is you can't stop an idea whose time has come. 1286 01:10:22,000 --> 01:10:24,680 It's here, right? You can't stop this thing. 1287 01:10:24,800 --> 01:10:28,960 You either get on the train and change with the times or you get 1288 01:10:28,960 --> 01:10:31,560 left behind. This is the equivalent of saying 1289 01:10:32,400 --> 01:10:35,760 that you're not gonna use a smartphone today, right? 1290 01:10:35,760 --> 01:10:38,600 Like, it's the same thing. Like if you told me that back in 1291 01:10:38,600 --> 01:10:42,320 the 90s, like, you know what, in in 20 years, if I knew that the 1292 01:10:42,320 --> 01:10:45,720 smartphone existed, I'm gonna stick to my landline, right? 1293 01:10:45,720 --> 01:10:48,640 Like, it's the same thing, like move with the times. 1294 01:10:48,880 --> 01:10:52,720 And The thing is guys, like not everyone is capable of that. 1295 01:10:53,200 --> 01:10:58,080 So that's where your role comes in as as an individual, you have 1296 01:10:58,080 --> 01:11:01,200 to help your friends and family. They're not as awakened as you 1297 01:11:01,200 --> 01:11:03,160 are, right? They're not watching simply 1298 01:11:03,160 --> 01:11:05,560 Bitcoin every day. Right, they should be. 1299 01:11:05,800 --> 01:11:08,240 That they should be, but they're not tuning into the show. 1300 01:11:08,560 --> 01:11:12,000 So because they're not tuning into the show, I mean, like guys 1301 01:11:12,320 --> 01:11:15,520 play that role, be that Uncle Jim, right? 1302 01:11:15,960 --> 01:11:17,320 Anyways, optium, sorry to interrupt you. 1303 01:11:18,200 --> 01:11:20,680 No, no, no, you. We pretty much covered it like 1304 01:11:20,680 --> 01:11:24,560 guys, they can't stop the English language, or rather, 1305 01:11:24,560 --> 01:11:26,360 they can't stop language in general. 1306 01:11:26,360 --> 01:11:29,640 Bitcoin is literally just ones and zeros and words. 1307 01:11:29,760 --> 01:11:33,960 So the fact that they're that terrified about, you know, 12 1308 01:11:33,960 --> 01:11:37,440 words just goes to show that, one, they fundamentally don't 1309 01:11:37,440 --> 01:11:40,960 understand Bitcoin, and two, it's going to be absolutely 1310 01:11:40,960 --> 01:11:42,640 impossible for them to stop this. 1311 01:11:42,760 --> 01:11:46,360 They will try. But This is why we tell you guys 1312 01:11:46,360 --> 01:11:50,280 to take Bitcoin into custody, be a part of the parallel Bitcoin 1313 01:11:50,280 --> 01:11:53,400 economy. You know, hold Bitcoin directly. 1314 01:11:53,400 --> 01:11:57,600 It is not your Bitcoin if you don't own the keys and like you 1315 01:11:57,600 --> 01:11:59,000 mentioned, you know shouts at the beauty on. 1316 01:11:59,000 --> 01:12:01,200 I know everyone in the chat's probably blocked by beauty on 1317 01:12:01,200 --> 01:12:05,240 but he's one of my favorite Twitter follows and and you know 1318 01:12:05,240 --> 01:12:10,080 we we have a precedent for this the the crypto wars of the 90s. 1319 01:12:10,400 --> 01:12:13,480 It just goes to show that this is a futile attempt from 1320 01:12:13,480 --> 01:12:17,000 politicians and hence why it's so important to stay village 1321 01:12:17,000 --> 01:12:19,400 vigilant. Even though we all get excited 1322 01:12:19,400 --> 01:12:22,440 about number go up remember why we are here. 1323 01:12:22,600 --> 01:12:25,520 The why is the most important aspect about Bitcoin. 1324 01:12:25,520 --> 01:12:29,160 Yes, you know, getting fabulously wealthy is is a perk 1325 01:12:29,160 --> 01:12:33,520 and a positive, but taking the money printer out of their hand 1326 01:12:33,520 --> 01:12:35,600 is the most important thing moving forward. 1327 01:12:35,800 --> 01:12:39,440 Having a hard cap, money having, moving the world towards a hard 1328 01:12:39,440 --> 01:12:42,960 money standard is how we get back to a more prosperous 1329 01:12:42,960 --> 01:12:44,360 future. And that's why we're here. 1330 01:12:44,440 --> 01:12:46,840 You know, I don't have kids yet. Nico's about to have his first 1331 01:12:46,840 --> 01:12:51,280 child, but the whole goal here is to pass on a better world 1332 01:12:51,280 --> 01:12:54,000 than the one we left. I remember growing up in a world 1333 01:12:54,000 --> 01:12:57,800 where that was like the the standard status quo line, like 1334 01:12:57,800 --> 01:13:00,240 make sure you leave the world better than when you left. 1335 01:13:00,480 --> 01:13:02,920 And here we are, having seen politicians. 1336 01:13:02,920 --> 01:13:05,680 And again, I don't mean to disparage the boomers out there, 1337 01:13:05,880 --> 01:13:08,040 but a small cabal of boomers out here. 1338 01:13:08,040 --> 01:13:10,240 They're like, let's just fleece the world for as much as 1339 01:13:10,240 --> 01:13:13,840 possible, get our kicks on Route 66 and, you know, F them Gen. 1340 01:13:13,840 --> 01:13:17,520 Z and millennials, like, they're entitled. 1341 01:13:17,520 --> 01:13:20,640 You should just work harder. I used to live off one, work one 1342 01:13:20,640 --> 01:13:22,320 job. And you know, and they they, 1343 01:13:22,400 --> 01:13:25,520 they don't really get into the economics of the situation that 1344 01:13:25,840 --> 01:13:30,240 for most people it is a hopeless and futile future because they 1345 01:13:30,240 --> 01:13:34,120 are on the Fiat standard. And This is why we do what we do 1346 01:13:34,120 --> 01:13:38,080 and we try to find different angles to explain to people 1347 01:13:38,080 --> 01:13:40,480 whether it's through a logical route, whether through an 1348 01:13:40,480 --> 01:13:43,600 emotional route so that they realize what the game is. 1349 01:13:43,600 --> 01:13:46,720 You are getting fleeced again. Let me full screen this. 1350 01:13:47,000 --> 01:13:51,120 You are getting stolen from and you don't understand the 1351 01:13:51,120 --> 01:13:54,920 mechanism and it is because of the Fiat money and they will do 1352 01:13:54,920 --> 01:13:56,640 anything they can to stop Bitcoin. 1353 01:13:57,640 --> 01:13:59,280 Amen. I mean bro, give yourself some 1354 01:13:59,280 --> 01:14:03,800 bars. Listen guys, thank you so much 1355 01:14:03,800 --> 01:14:07,800 for tuning in to another episode of Simply Bitcoin Live. 1356 01:14:07,800 --> 01:14:11,120 I hope you guys enjoyed the Valentine's Day special. 1357 01:14:11,120 --> 01:14:13,360 We covered a lot on today's episode. 1358 01:14:13,360 --> 01:14:15,840 Hope you guys enjoyed it. I'm your host Nico. 1359 01:14:15,840 --> 01:14:17,760 This is my legendary Co host Opti. 1360 01:14:18,360 --> 01:14:20,080 We love you guys. Smash the like button. 1361 01:14:20,080 --> 01:14:22,400 If you guys enjoyed the show really helps with the algos. 1362 01:14:22,640 --> 01:14:25,200 Consider subscribing If you feel like we provided you value. 1363 01:14:25,440 --> 01:14:27,360 We'll be back tomorrow for Thursday's episode. 1364 01:14:27,440 --> 01:14:30,240 Episode. Yeah, another episode of Simply 1365 01:14:30,240 --> 01:14:31,720 Bitcoin Live. Peace out, everybody. 1366 01:14:31,720 --> 01:14:35,040 Take care and enjoy Valentine's Day if you have a girlfriend. 1367 01:14:35,320 --> 01:14:38,120 Don't worry though, it's bull market next year. 1368 01:14:38,120 --> 01:14:39,920 You will probably have a girlfriend by next. 1369 01:14:39,920 --> 01:14:41,240 Year. This time next year, you'll have 1370 01:14:41,240 --> 01:14:41,480 a girl.