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All right, well, this is a 
crossover episode, so I'm going 

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to welcome Brandon. 
Brandon Keys to Bitcoin for 

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Millennials. 
Yeah, thanks for coming on the 

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state of Bitcoin, man. 
Boom. 

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We're here. 
Yeah, I think I'll have 

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something fun to start with. 
I talked to Tudor Maester and 

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Thomas Trolite on, on, on 
previous episodes of the podcast

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and they both shared that they 
thought it was really nice that 

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there's like this new wave of 
people doing podcasts and 

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educational content, right? 
Because with every cycle of 

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Bitcoin, it's basically like 
people adopt Bitcoin. 

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Some people drop off when the 
price drops, right? 

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And then some people stay and 
they get invited, you know, to 

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contribute to Bitcoin and, you 
know, in, in whatever way. 

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We both decided to start a 
podcast and they share that, you

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know, they kind of see that like
new wave of people start to 

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contribute and share their 
knowledge or or talk to people 

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like on a podcast. 
And that in that also like 

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reaches again, new people that 
then get to study Bitcoin and 

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adopt it etcetera and and so on.
And yeah, I wanted to, I wanted 

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to ask you like how, how do you 
experience that? 

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Like what type of reactions do 
you get on YouTube or in real 

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life? 
What? 

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What do people think of your 
effort? 

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Yeah. 
I mean, I, you know, I, I always

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love going to the conferences 
and kind of meeting Bitcoiners 

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in person because, you know, 
it's great. 

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You know, I get some people that
that will recognize me, but you 

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know, I've been going to a lot 
of these conferences for a few 

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years now. 
So it's kind of like a lot of 

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the same familiar faces, but I 
mean, which is outstanding. 

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But I do always see and meet new
people who are getting involved 

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into this space every single 
conference, every single year 

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and everything like that. 
So it just seems to be, yeah, an

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ever changing landscape and it 
keeps developing. 

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So, you know, I think there's a 
lot of great things going on in 

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the Bitcoin space and it's just,
you know, how can you not be 

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bullish with everything that's 
going on? 

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I know that price action is kind
of wobbly. 

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Maybe we can get into that a 
little bit, but, you know, I 

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think from everything, it's just
more and more companies popping 

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up, more and more great things 
popping up. 

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And I mean, we had Trump RFK, 
like presidential candidates for

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the US at the last Bitcoin 
conference in Nashville and big 

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people going to Amsterdam, 
speaking there. 

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You know, I mean, all these 
great things. 

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And it's just, yeah, I mean, 
it's incredible to see. 

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I didn't think we would be where
we're at right now when I first 

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got into it. 
So I don't know how you you're 

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feeling about all this, but 
yeah, man, it's absolutely 

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crazy. 
And it's truly humbling to see, 

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you know, people recognize me 
from from my work and 

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everything. 
Yeah, I, I always call that like

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the magic of the Internet, 
right? 

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Like you, we sit down right now,
we just have a conversation, we 

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have fun for an hour and then, 
you know, we just share it on 

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the Internet and you kind of 
never know who who it reaches, 

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right? 
I Even so, so last weekend when 

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this week when I was in at the 
Amsterdam conference, I had a 

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woman come up to me and say 
like, oh, I want to thank you 

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for your work. 
And I listened to all the 

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podcasts and I was like, wow, 
that's so crazy. 

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You know, like that. 
Yeah, you can have an impact 

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with the way you think, right? 
And I think that's also the 

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goal, at least for me, with the 
podcast, like just create so 

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many touch points that, you 
know, slowly but surely people 

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will be like, huh, I never 
thought about it like that. 

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Maybe I should get into it. 
Right. 

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And I think that's the power of,
of doing content like this. 

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And, and it's really fun to see 
that, you know, behind the 

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comments or behind the messages,
there's real people just as we 

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were there at one point 
watching, you know, maybe some 

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of the more Ogs in, in, in the 
Bitcoin content space and having

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the same experience. 
So I think it's really, yeah, 

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it's really, I'm really grateful
to experience that. 

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Like, doesn't matter where my 
podcast goes for me, it's 

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personally already a success 
when I see those people, you 

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know? 
Yeah. 

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And like, you never know, like, 
how content is going to touch 

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somebody or like, affect 
somebody, right? 

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I mean, like, you know, you and 
I can interview the same guest, 

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but you know, they could word it
a little bit differently in your

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podcast or in mine and you know,
it just kind of resonates with 

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somebody or, you know, maybe, 
you know, I got, I got those, 

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uh, Americans that like to watch
me because I'm American. 

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Maybe somebody likes to watch 
you because you're European. 

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You know, you, you never really 
know, man. 

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It could be the blonde hair, it 
could be the swoop dude. 

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Somebody likes your hairstyle 
and that's why that's why 

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they're tuning into you. 
Who knows, man. 

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So you know, all these little 
things. 

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I think just, you know, more 
content, the better you know 

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it's going to reach somebody 
some way, some, some way shape 

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or form and and bring them to 
Bitcoin, which is the ultimate 

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goal. 
So how did you get started? 

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When was your like your your 
calling like OK, I'm going to 

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contribute to to this thing. 
Yeah, so I guess it it all kind 

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of aligns with like my orange 
pill story somewhat. 

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So I I ran track in college, you
know, big time former athlete. 

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Just kidding, you know, I was 
not not too shabby. 

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But anyway, Long story short, I 
had a a lot of teammates that 

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were a class above me, so they 
all graduated. 

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We kept a group message. 
We went to grad schools all over

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the country. 
Why this is important is because

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while I was in grad school, I 
was like, we're all going to 

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start making money S we need to 
figure out what to do with that 

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money. 
SI was doing a dive into 

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personal finance and I started, 
you know, researching all this 

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stuff. 
So I, you know, would tell them 

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all about it. 
Hey, guys, look into this, this 

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this Bitcoin and fell on deaf 
ears, except for one of my 

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friends. 
He told me to kind of get into 

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our, he kept asking me 
questions. 

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So eventually COVID broke out 
and I was like, why don't we 

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just learn out loud? 
We started the Twitter account 

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and, and A blog sub Stack 
started writing first actually. 

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And so I got into that and yeah,
started that like April 21. 

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So I've been doing it for a 
little bit. 

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And then then he got a job in 
the Bitcoin space and decided to

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quit doing the content, kind of 
a push from his employer at the 

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time. 
And yeah, from there, he's like,

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you know, you're good behind the
camera. 

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Why don't you start, you know, 
doing a podcast? 

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And we built up, you know, a 
couple thousand Twitter 

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followers at that time. 
So I was like, all right, you 

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know, I'll just start reaching 
out. 

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And yeah, the people in the 
Bitcoin space were pretty 

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receptive. 
And so it's actually turned out 

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to to be an experience. 
I didn't think that would lead 

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me to, to this. 
So yeah, a lot of crazy things, 

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but what about you, man? 
What's your Orange Bill story? 

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How did you get started in the 
podcast phase? 

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Well, the, the podcast was 
really came from like a period 

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of, I think like 3-4 weeks last 
year when I had some 

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conversations with some 
millennial friends from some of 

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my podcast is called Bitcoin for
millennials. 

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And I, I think of them as smart 
and entrepreneurial, etcetera. 

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And, but when we talk about 
Bitcoin or the, OR the, OR the 

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problem rather, you know, the 
reason of existence with 

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Bitcoin, that the fact that the 
money is broken and that it 

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steals time and energy from you 
after you expended that time and

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energy already and after you got
your monetary reward for the 

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value that, that you added. 
I also felt kind of like on that

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also fell on, on death air, you 
know, like it's people think 

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it's just a nuisance or they 
think it's too difficult to 

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understand. 
For example, I have one friend 

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who made quite a lot of money by
setting his company. 

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And I, I asked him like, Hey, 
you know, if you want to get 

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100K from the bank or 200K in 
cash, how do you think that's 

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going to go? 
And then he said, yeah, I don't 

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know, maybe they don't have it, 
but yeah, that will take a few 

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days or something and then I'll 
get it. 

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And I was already ultra 
triggered sitting next to him in

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the car being like, but OK, if 
you spend like 7 years building 

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a company, right? 
And someone buys your company 

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and you get rewarded for that, 
the moment you put it in the 

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bank, it's literally not yours 
anymore, right? 

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Because when you call the bank 
and say like, wow, 100K in cash,

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I have way more than that in 
your bank, right? 

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And well, you get a person or on
the phone who goes through a 

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checklist, OK, Oh, that's above 
the, the maximum threshold, 

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right? 
Well, the first question, what 

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are you going to use it for? 
When do you need it, blah, blah,

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blah. 
And so I tried to explain to him

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like that for me, the mechanism 
that I have in my head is that 

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it is not yours anymore. 
Even if you would want it, you 

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know, even on the contract that 
says, you know, this is this and

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this person's account at our 
bank, you know, it is not your, 

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your property anymore. 
And it's interesting because I 

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learned the word property from 
English and I, there's not 

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really a good word in my 
language. 

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So like property and ownership 
are two different things 

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basically, right? 
You can own something on paper, 

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but you might not hold it as 
your property at this at the 

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same moment. 
And once I realized the 

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difference between those words, 
that's when I also kind of 

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changed my pitch towards him. 
Like, do you? 

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Yeah. 
So it's not it's not like do you

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own it, Right. 
But is it your property? 

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So I tried to translate that for
him. 

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And now slowly, well, eventually
he, he has one Bitcoin now 

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basically because, you know, I 
just said, please one, buy one. 

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And if you ever think of 
selling, you call me and I say 

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no. 
And then, you know, you don't do

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anything. 
So it was basically kind of a 

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period of of 3-4 weeks that I 
had like three of these 

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conversations where I was like, 
OK, you are intelligent, you're 

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entrepreneurial, you know me, 
you know my diligence, you know,

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my journey in Bitcoin. 
And I just really want to show 

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you. 
And it just really fell on deaf 

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ears. 
And then I thought, OK, well, 

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how, how can I reach my 
millennial friends? 

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Basically, right. 
Everyone has like a young family

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or they're thinking about it or 
they're at a certain point in 

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their career. 
That's also in the time. 

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By the way, I went to like the 
millennial subreddit. 

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You should go there sometime. 
It's so interesting. 

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00:10:00,280 --> 00:10:03,720
People are so nihilistic. 
They don't have hope for the 

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future right there. 
There's there's topics that say 

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00:10:06,160 --> 00:10:09,160
like, oh, am I doing it right? 
Like or where is this heading 

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to? 
Like they are doing all these 

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things that they they were 
taught to do, right? 

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00:10:14,720 --> 00:10:17,160
Like go to a good school, be a 
good athlete, right? 

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00:10:17,160 --> 00:10:20,560
Get a good job, get a house, get
a mortgage, get a blah, blah, 

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00:10:20,560 --> 00:10:24,760
blah, all these things. 
But yeah, a lot of these things 

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that they were taught are not 
even attainable for them. 

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00:10:29,040 --> 00:10:33,520
So I feel that millennials 
really have this problem that 

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they don't know they have. 
Well, obviously we think Bitcoin

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is the best solution to, you 
know, start building and growing

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your wealth. 
So I wanted to focus on them and

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well, so that was my fault. 
And then in the in the same 

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00:10:46,480 --> 00:10:51,120
weeks, I had like two or three 
calls like this where I talked 

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00:10:51,120 --> 00:10:53,000
with other bitcoiners I knew 
from Twitter. 

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And at the end we were like, 
could have been nice that we 

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00:10:57,840 --> 00:10:59,800
recorded this and there's shared
it with others. 

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00:10:59,800 --> 00:11:02,840
And then I thought, well, 1 + 1 
is 2. 

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Maybe I should start a podcast. 
No experience in making a 

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00:11:08,240 --> 00:11:11,960
podcast or figuring out like 
sound and and the tech and 

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00:11:11,960 --> 00:11:14,600
YouTube and all that stuff. 
But yeah, I like being a 

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00:11:14,600 --> 00:11:16,680
practitioner. 
So I thought, OK, maybe a nice 

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00:11:16,680 --> 00:11:19,280
challenge. 
So I gave myself one goal, which

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is making 100 episodes. 
That's the kind of like the Mr. 

223
00:11:22,440 --> 00:11:24,840
Beast strategy. 
He says make 100 videos of 

224
00:11:24,840 --> 00:11:28,160
whatever you want and then you 
figure out if it's any good and 

225
00:11:28,160 --> 00:11:31,600
if you like it, etcetera. 
So that's kind of how I started 

226
00:11:31,600 --> 00:11:34,720
with with the podcast. 
And yeah, my Orange Bill story 

227
00:11:34,720 --> 00:11:38,800
is lots of different touch 
points over the past 10 years. 

228
00:11:38,800 --> 00:11:42,840
I always say, like I bought at 
400, I sold everything at 4000. 

229
00:11:42,840 --> 00:11:44,880
Now I have less than than 
before. 

230
00:11:45,840 --> 00:11:48,680
I did the shit coins, I did the 
Icos, the NFTS, all these 

231
00:11:48,680 --> 00:11:52,160
things. 
So yeah, it it, it's a slow 

232
00:11:52,160 --> 00:11:53,720
journey with a lot of touch 
points. 

233
00:11:53,720 --> 00:11:59,000
And eventually I realized that 
the money is very broken. 

234
00:11:59,000 --> 00:12:00,560
It's not yours when it's in the 
bank. 

235
00:12:00,560 --> 00:12:02,560
You know, the number in your 
banking app is a number in a 

236
00:12:02,560 --> 00:12:06,240
centralized database that the 
Russians know where it is so 

237
00:12:06,240 --> 00:12:08,680
they can bomb it and then the 
money is gone basically. 

238
00:12:08,680 --> 00:12:14,400
That's not my pitch, right? 
Bitcoin is, is verifiable, open,

239
00:12:14,400 --> 00:12:18,960
transparent, trustless. 
So like all all these properties

240
00:12:18,960 --> 00:12:21,280
that, that we know. 
And slowly but surely I just 

241
00:12:21,800 --> 00:12:25,200
moved there with my mind and 
challenging what I thought was 

242
00:12:25,200 --> 00:12:29,160
true, what I saw technologically
in crypto and all these things 

243
00:12:29,160 --> 00:12:32,600
that it's all nonsense and we 
should all focus on on Bitcoin 

244
00:12:32,600 --> 00:12:33,920
because it's the money for 
everyone. 

245
00:12:33,920 --> 00:12:36,360
So that's a quick summary of of 
10 years. 

246
00:12:37,520 --> 00:12:39,920
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257
00:13:12,000 --> 00:13:15,440
Yeah. 
Yeah, I mean, you know, I think 

258
00:13:15,440 --> 00:13:17,280
on that, right? 
I mean, you're, you're kind of 

259
00:13:17,280 --> 00:13:20,480
talking about the the 
millennials and, and how that 

260
00:13:20,480 --> 00:13:23,240
resonated with them. 
And I and I always think, you 

261
00:13:23,240 --> 00:13:25,760
know, back to like a lot of my 
friends who still haven't found 

262
00:13:25,760 --> 00:13:28,920
Bitcoin, a lot of them will 
bring to me some random penny 

263
00:13:28,920 --> 00:13:30,920
stock or something like that 
because they're always trying to

264
00:13:30,920 --> 00:13:34,880
hit a big or that this stock is 
going to be the the next booming

265
00:13:34,880 --> 00:13:37,120
next Bitcoin. 
You know, it's the Bitcoin in 

266
00:13:37,120 --> 00:13:40,280
2015. 
That's what I I hear that Nomur 

267
00:13:40,280 --> 00:13:43,320
so many times. 
But you know, it's interesting 

268
00:13:43,320 --> 00:13:46,080
because they all all got to try 
to analyze, do all these 

269
00:13:46,080 --> 00:13:48,840
different things, you know, try 
to be basically become stock 

270
00:13:48,840 --> 00:13:52,760
traders or, you know, like hedge
fund managers of their own 

271
00:13:52,760 --> 00:13:55,840
personal hedge fund on top of 
their. 

272
00:13:56,120 --> 00:13:58,720
Battling real hedge fund 
managers, right? 

273
00:13:58,840 --> 00:14:01,400
Yeah, that's the point and. 
They got to do it with less 

274
00:14:01,400 --> 00:14:03,800
money and on top of their nine 
to five job. 

275
00:14:04,000 --> 00:14:08,120
So I mean, with all that too, I 
think it's a it's, it's like 

276
00:14:08,920 --> 00:14:11,680
it's really tough for for the 
millennial generation just 

277
00:14:11,680 --> 00:14:14,160
because of all the inflation 
that, you know, we've 

278
00:14:14,160 --> 00:14:16,920
experienced through these years,
man. 

279
00:14:16,920 --> 00:14:19,280
So yeah, I truly resonate with 
that. 

280
00:14:19,280 --> 00:14:22,280
And I think that's why I was, I 
was trying to shout the message 

281
00:14:22,280 --> 00:14:24,680
similar to you to my friends. 
I'm like, guys, you don't see 

282
00:14:24,680 --> 00:14:26,000
this. 
Like what do you, what are you 

283
00:14:26,000 --> 00:14:28,120
looking at, you know? 
Yeah. 

284
00:14:28,440 --> 00:14:32,480
Well, what you said I think is 
one of my biggest. 

285
00:14:32,640 --> 00:14:35,080
I want to say like key points to
understanding, right? 

286
00:14:35,080 --> 00:14:38,800
Like, and I think Peter 
Dunworth, I don't know if you 

287
00:14:38,800 --> 00:14:40,040
know him, he's he's from 
Australia. 

288
00:14:40,040 --> 00:14:42,760
He, he kind of taught me this. 
So he's like a professional 

289
00:14:43,200 --> 00:14:45,720
asset manager, right? 
A risk manager for high net 

290
00:14:45,720 --> 00:14:48,160
worth individuals. 
This is literally his job is to 

291
00:14:48,160 --> 00:14:51,160
manage money and, and grow the 
wealth of people. 

292
00:14:52,000 --> 00:14:54,640
And he told me everything is 
risk, right? 

293
00:14:54,640 --> 00:14:57,880
The just being born is risk. 
Entire life is risk. 

294
00:14:58,400 --> 00:15:01,560
And so whatever you do with your
job or your venture is risk, 

295
00:15:01,760 --> 00:15:03,120
right? 
So you leave your family, that's

296
00:15:03,120 --> 00:15:05,160
also risk. 
So you go out there and you and 

297
00:15:05,160 --> 00:15:08,960
you and you do things during the
day trying to add value and you 

298
00:15:08,960 --> 00:15:12,720
get a reward, you come home. 
And then because the reward that

299
00:15:12,720 --> 00:15:16,560
you get is so broken, you have 
to take more risk to mitigate 

300
00:15:16,560 --> 00:15:19,080
the debasement of this money, 
right, as you said. 

301
00:15:19,080 --> 00:15:22,280
And so people think they should 
become investors and research 

302
00:15:22,280 --> 00:15:25,480
all this stuff, but they are 
battling people like Peter that 

303
00:15:25,480 --> 00:15:29,920
do that thing the entire day. 
And there's even companies that,

304
00:15:29,920 --> 00:15:33,240
you know, like these, these flow
trader type companies that shoot

305
00:15:33,240 --> 00:15:36,480
up their own satellites so they 
have faster Internet to trade 

306
00:15:36,480 --> 00:15:41,320
faster in in this stock 
investing game. 

307
00:15:41,320 --> 00:15:43,840
And then you're like in your 
attic with your little laptop, 

308
00:15:43,840 --> 00:15:45,960
you know, trying to beat these 
professional people. 

309
00:15:47,360 --> 00:15:51,040
It's yeah, I don't know, like if
it's fun, totally do it, right. 

310
00:15:51,040 --> 00:15:53,240
But if you want to spend time 
with your family, but you're 

311
00:15:53,240 --> 00:15:57,240
forced to become this investor 
guy and join all these trading 

312
00:15:57,240 --> 00:15:59,760
groups and figure out all the 
penny stocks, you know, that's 

313
00:15:59,760 --> 00:16:02,240
not the best way to, to spend 
your time. 

314
00:16:02,240 --> 00:16:08,200
And once you realise that, I 
think then your mind can kind of

315
00:16:08,200 --> 00:16:12,280
open to, OK, is there an asset 
that I can store my economic 

316
00:16:12,280 --> 00:16:17,520
energy in that doesn't require 
me to go out there and, and you 

317
00:16:17,520 --> 00:16:22,160
know, after my job and gather 
more information and take risk 

318
00:16:22,160 --> 00:16:25,920
and trade and blah, blah, blah. 
And Oh yeah, I, I think that's 

319
00:16:25,920 --> 00:16:27,880
Bitcoin. 
Bitcoin makes me sleep better. 

320
00:16:27,880 --> 00:16:31,640
I don't know about you, but that
I, I don't trade anything. 

321
00:16:31,640 --> 00:16:34,160
I don't do stocks, nothing, 
nothing of that. 

322
00:16:34,440 --> 00:16:37,600
No, I just try to add value, 
earn money and any any excess 

323
00:16:37,600 --> 00:16:41,600
money I save in Bitcoin. 
Yeah, 100% and I, and I think 

324
00:16:41,600 --> 00:16:45,040
that that's going to be a way 
that a way that that's people 

325
00:16:45,040 --> 00:16:48,520
start to come in here pretty 
soon, you know, for better or 

326
00:16:48,520 --> 00:16:51,160
for worse, the number go up is, 
is always going to be the the 

327
00:16:51,160 --> 00:16:54,640
big driver here, right? 
So, you know, I, I definitely 

328
00:16:54,640 --> 00:16:57,560
think we're in a, in a period of
a lot of inflation and I think 

329
00:16:57,560 --> 00:17:01,000
that that's going to bring more 
people into Bitcoin similar to 

330
00:17:01,000 --> 00:17:03,320
like what we saw in the 2020 
times, right? 

331
00:17:03,320 --> 00:17:09,160
I mean, we saw it shoot from 4K 
to 69 K during that time with 

332
00:17:09,280 --> 00:17:10,920
massive amounts of money 
printing. 

333
00:17:11,200 --> 00:17:13,640
I'm under the belief that that's
probably going to come here 

334
00:17:13,640 --> 00:17:16,119
again soon. 
So that'll bring more people in.

335
00:17:16,119 --> 00:17:19,920
I mean, you know, more and more 
things, whether it's the ETFs, 

336
00:17:20,760 --> 00:17:25,680
you know, Bhutan mining Bitcoin 
El Salvador getting involved 

337
00:17:25,680 --> 00:17:28,400
with it, like all these 
countries, companies putting 

338
00:17:28,400 --> 00:17:31,200
Bitcoin on their balance sheet. 
I think all these touch points 

339
00:17:31,480 --> 00:17:35,120
are, you know, great for people,
but once they start to see the, 

340
00:17:35,160 --> 00:17:38,480
the number go up, that'll bring 
more people in and you know, by 

341
00:17:38,480 --> 00:17:41,200
then it, it might be too late. 
And I think like, you know, all 

342
00:17:41,200 --> 00:17:44,160
the, all the FOMO that we're 
seeing, uh, FOMO money that 

343
00:17:44,160 --> 00:17:46,840
we're seeing on the sidelines 
this cycle makes it really 

344
00:17:46,840 --> 00:17:48,520
different. 
But I think that that's going to

345
00:17:48,520 --> 00:17:52,240
bring in a lot more people just 
because there's more money in it

346
00:17:52,320 --> 00:17:55,000
and there's more, which means 
more eyeballs on it, too. 

347
00:17:56,160 --> 00:17:59,480
Yeah, I think so. 
I always fought, you know, five 

348
00:17:59,480 --> 00:18:03,000
years ago or something. 
I thought, if we ever break, OK,

349
00:18:03,160 --> 00:18:05,280
that's going to melt the 
Internet, right? 

350
00:18:05,880 --> 00:18:08,480
Like people are going to be 
like, Oh my God, this does this 

351
00:18:08,480 --> 00:18:10,880
thing still exist? 
You know, and now it's OK. 

352
00:18:10,880 --> 00:18:14,120
This magic Internet coin is 100K
right now. 

353
00:18:14,120 --> 00:18:18,320
I'm not that sure to be honest. 
I so you know, so I went to the 

354
00:18:18,320 --> 00:18:20,800
conference this week. 
There were some like mainstream 

355
00:18:21,120 --> 00:18:24,560
kind of media channels and some 
more mainstream like YouTube 

356
00:18:24,960 --> 00:18:27,720
media channels that that made 
like little reports on it. 

357
00:18:28,880 --> 00:18:32,160
And if I see the current 
comments like comments right 

358
00:18:32,160 --> 00:18:34,720
now, it's all like these people 
are crazy. 

359
00:18:34,720 --> 00:18:36,960
They are sheep. 
They can't think for themselves 

360
00:18:36,960 --> 00:18:39,520
like those are comments on on 
YouTube, right? 

361
00:18:39,520 --> 00:18:45,040
So I, I personally agree or hope
that it's true what you just 

362
00:18:45,040 --> 00:18:48,560
said, But if I look at those 
comments, I'm not that I'm not 

363
00:18:48,560 --> 00:18:50,680
that sure, but it's also that 
way. 

364
00:18:50,680 --> 00:18:55,480
Like I, I, I love the 
psychological, philosophical, 

365
00:18:55,480 --> 00:18:59,680
spiritual dimensions of Bitcoin 
because eventually, you know, 

366
00:18:59,760 --> 00:19:03,120
you cannot orange peel someone 
else as you just said, like that

367
00:19:03,120 --> 00:19:05,480
you were talking to your friends
and you want them to see it and 

368
00:19:05,480 --> 00:19:07,880
you're annoyed, you know, and 
like I said, like I was in the 

369
00:19:07,880 --> 00:19:10,240
car and I was triggered because 
I love my friend and I wanted to

370
00:19:10,240 --> 00:19:13,240
understand it, right? 
Like you cannot orange bill 

371
00:19:13,240 --> 00:19:16,520
another person. 
This other person has to get to 

372
00:19:16,560 --> 00:19:20,960
a point where they realize, I 
never thought about what money 

373
00:19:20,960 --> 00:19:23,440
is, but it's always worked for 
me, right? 

374
00:19:23,480 --> 00:19:25,760
What? 
But what, what is it? 

375
00:19:25,760 --> 00:19:32,440
Why do I think it's OK if there 
are, there's an external group 

376
00:19:32,440 --> 00:19:36,240
of people or an external factor 
that influences the value of 

377
00:19:36,240 --> 00:19:38,800
this money that I spent my time 
and energy on. 

378
00:19:39,240 --> 00:19:43,400
And they think it should be 
devalued with at least at least 

379
00:19:43,400 --> 00:19:45,640
2% a year. 
But in reality, it's more, you 

380
00:19:45,640 --> 00:19:48,280
know, like, yeah, this is 
probably like question #10 but I

381
00:19:48,280 --> 00:19:50,400
mean, like, that's kind of the 
path that you go on, right? 

382
00:19:50,400 --> 00:19:53,320
Like someone has to get to a 
point where they realize either 

383
00:19:53,320 --> 00:19:55,800
rationally, you know, they, 
they, they read a piece of 

384
00:19:55,800 --> 00:19:57,920
information and they're like, 
that's strange. 

385
00:19:58,000 --> 00:20:01,680
Or more like from an ego 
perspective, like, why are these

386
00:20:01,680 --> 00:20:04,520
people doing better in life? 
Why are they happier? 

387
00:20:04,520 --> 00:20:08,280
Why am I so? 
Insecure about the future, why 

388
00:20:08,280 --> 00:20:12,200
are so many smart people talking
about this Bitcoin thing or, you

389
00:20:12,200 --> 00:20:14,160
know, like so when we talked 
about these different touch 

390
00:20:14,160 --> 00:20:16,880
points, that's why we need to 
never stop talking about Bitcoin

391
00:20:16,880 --> 00:20:18,880
even when it's a logical for us,
right. 

392
00:20:18,880 --> 00:20:20,960
We have to create all these 
touch points where people get 

393
00:20:20,960 --> 00:20:25,200
triggered in some way to then 
realize what do I actually know?

394
00:20:25,200 --> 00:20:29,240
And then hopefully have enough 
courage to challenge, you know, 

395
00:20:29,560 --> 00:20:32,400
their their faults or beliefs 
that that they had that they 

396
00:20:32,400 --> 00:20:36,200
never really questions or 
thought about. 

397
00:20:36,560 --> 00:20:38,800
Yeah. 
Yeah, I mean, it's all about 

398
00:20:38,800 --> 00:20:40,320
just like breaking the mold, 
right? 

399
00:20:40,320 --> 00:20:44,840
Breaking down, you know what 
they yeah, I mean that their 

400
00:20:44,840 --> 00:20:48,800
belief system, right, like kind 
of undoing the traditional 

401
00:20:48,800 --> 00:20:50,760
education system, just going 
from there. 

402
00:20:50,760 --> 00:20:55,720
But yeah, I mean, like the 100K 
mark will 100% break, break the 

403
00:20:55,720 --> 00:20:57,360
Internet, dude. 
I mean, I think it's just a 

404
00:20:57,360 --> 00:21:00,440
mental barrier from like 
everything that I'm hearing a 

405
00:21:00,440 --> 00:21:03,680
lot of people. 
And you know, yeah, I I think 

406
00:21:03,680 --> 00:21:06,160
it's like it's, it's like the 
Peter Schiff meme too. 

407
00:21:06,160 --> 00:21:08,120
It's like the old man yelling at
clouds, right? 

408
00:21:08,120 --> 00:21:13,800
I mean, he's just going to keep 
yelling at things until yelling 

409
00:21:13,800 --> 00:21:17,040
at the price action until like 
he just maybe eventually buys. 

410
00:21:17,040 --> 00:21:18,880
I don't know. 
I don't know if I feel like 

411
00:21:18,880 --> 00:21:21,200
maybe he's too far gone at this 
point, but he's going to be 

412
00:21:21,200 --> 00:21:24,880
yelling at Bitcoin crashing to 
100K at some point in time in 

413
00:21:24,880 --> 00:21:27,480
the near future. 
But I mean, I truly believe like

414
00:21:27,480 --> 00:21:31,040
this cycle, it's going to really
ramp some things up and like 

415
00:21:31,040 --> 00:21:34,760
with more people that come into 
the Bitcoin space, the next new 

416
00:21:34,760 --> 00:21:37,400
class of Bitcoiners is always 
going to be bigger. 

417
00:21:37,400 --> 00:21:41,280
But a big, you know, driver of 
that, like I said, is price. 

418
00:21:41,280 --> 00:21:46,000
So I don't know man, I, I, I do 
see that 100K mark coming here 

419
00:21:46,000 --> 00:21:50,840
soon. 
I actually made a bet and Julian

420
00:21:50,840 --> 00:21:54,480
of Kinetic Finance that Bitcoin 
needs to hit 100K by the end of 

421
00:21:54,480 --> 00:21:57,960
the year or else I got to eat 2 
Carolina Reaper Peppers. 

422
00:21:57,960 --> 00:22:02,400
And if, if he, if he or if it 
hits 100K, then he's got to do 

423
00:22:02,400 --> 00:22:04,600
the same. 
So I don't know man, my spice 

424
00:22:04,600 --> 00:22:07,760
tolerance isn't that great. 
So I'm hoping that that it does.

425
00:22:07,920 --> 00:22:10,640
I still stand by it, man. 
We got we got some time here. 

426
00:22:11,360 --> 00:22:14,400
Well, I think yeah. 
So again, like, I'm not sure if 

427
00:22:14,400 --> 00:22:17,480
the 100K will melt the Internet 
as I, as I always thought, I 

428
00:22:17,480 --> 00:22:23,040
think if we would get the 202 
hundred 50K that it would be 

429
00:22:23,040 --> 00:22:25,920
ridiculous if that would not 
break the Internet, right? 

430
00:22:26,600 --> 00:22:30,120
But again, I'm, I'm not, I'm not
that sure people are very stuck 

431
00:22:30,120 --> 00:22:33,800
in, in, in their beliefs. 
But for example, what Julian is 

432
00:22:33,800 --> 00:22:37,240
doing, you know, he has a big 
following on, on TikTok. 

433
00:22:37,240 --> 00:22:42,840
I think he, he does really well 
at, you know, playing into the 

434
00:22:42,840 --> 00:22:45,920
current way people gather 
information, you know, playing 

435
00:22:45,920 --> 00:22:49,440
around with this, you know, all 
the TikTok styles and, and very 

436
00:22:49,440 --> 00:22:53,240
clear messaging. 
And so I think that's very cool.

437
00:22:53,240 --> 00:22:58,080
And I think he also like reaches
another type of, of audience 

438
00:22:58,080 --> 00:23:00,680
with that. 
But I mean, the price will have 

439
00:23:00,680 --> 00:23:04,440
to go up because the, the 
governments have to print money.

440
00:23:04,560 --> 00:23:07,680
You know, like it's what, what 
Greg Falls always said. 

441
00:23:07,680 --> 00:23:12,040
It says it's just math. 
And I think that was also for me

442
00:23:12,040 --> 00:23:16,400
one of these moments where I 
just realized, OK, 35 trillion 

443
00:23:16,400 --> 00:23:19,440
or 30 trillion, you know, when 
when I thought about that, like,

444
00:23:20,320 --> 00:23:24,840
it's only two years ago, right? 
Like, who's going to pay that 

445
00:23:24,840 --> 00:23:26,360
back? 
Who believes that they're going 

446
00:23:26,360 --> 00:23:29,800
to pay that back, right? 
And you have like these classic 

447
00:23:30,120 --> 00:23:33,080
economists that say, like, well,
debt is a good thing because 

448
00:23:33,080 --> 00:23:37,040
it's backed by the promise of 
the people that the borrowers 

449
00:23:37,040 --> 00:23:39,440
will pay it back. 
Like that's the stupidest one of

450
00:23:39,440 --> 00:23:41,160
the stupidest things I've ever 
heard. 

451
00:23:41,160 --> 00:23:45,400
Like if you believe in that, but
it seems like a lot of central 

452
00:23:45,400 --> 00:23:48,720
banks are still buying, you 
know, U.S. 

453
00:23:48,720 --> 00:23:50,640
Treasuries. 
A lot of big companies are still

454
00:23:50,640 --> 00:23:51,880
buying U.S. 
Treasuries. 

455
00:23:51,880 --> 00:23:54,760
You know, they are playing the 
short term game. 

456
00:23:55,120 --> 00:23:57,760
I don't know what the 
percentages are right now, but 

457
00:23:57,760 --> 00:24:00,440
there was this moment where, you
know, the short term got more 

458
00:24:00,760 --> 00:24:02,520
gave you more than than the long
term. 

459
00:24:03,880 --> 00:24:06,320
Of course, people try to play 
that game. 

460
00:24:06,320 --> 00:24:08,960
And then, you know, the US 
government says, you know, this 

461
00:24:08,960 --> 00:24:12,680
is this is all great, but over a
long enough time frame, you 

462
00:24:12,680 --> 00:24:15,200
know, that they will never be 
able to to pay that back. 

463
00:24:15,200 --> 00:24:20,680
And there's going to be a point 
where, again, it's a rational 

464
00:24:20,680 --> 00:24:23,320
fault, but I don't know if 
people will follow that. 

465
00:24:23,320 --> 00:24:26,160
But, you know, enough people 
will realize that they will 

466
00:24:26,160 --> 00:24:28,960
never pay back that debt. 
And they will stop buying these 

467
00:24:28,960 --> 00:24:33,840
treasuries in such a significant
way that the US government, 

468
00:24:34,640 --> 00:24:36,720
government's only solution is to
print money. 

469
00:24:37,160 --> 00:24:40,320
And that will, you know, 
accelerate this debt spiral that

470
00:24:40,320 --> 00:24:44,320
James Lavish talks about a lot. 
And so eventually, it's just 

471
00:24:44,320 --> 00:24:47,200
math. 
And I think for the people that 

472
00:24:47,200 --> 00:24:50,640
are studying Bitcoin or that 
already get Bitcoin and trying 

473
00:24:50,640 --> 00:24:55,560
to save in Bitcoin, it's all 
about finding, how do you say, 

474
00:24:55,560 --> 00:25:00,000
like these anchor points to keep
trusting yourself? 

475
00:25:00,160 --> 00:25:05,200
This may take another 10 years 
before we really, really have 

476
00:25:05,200 --> 00:25:09,360
this mass adoption and, you 
know, big treasury problems and 

477
00:25:09,360 --> 00:25:11,280
all the things that that we talk
about. 

478
00:25:11,840 --> 00:25:15,120
And so I kind of see it as this 
this journey where you're 

479
00:25:15,120 --> 00:25:19,480
constantly questioning, you 
know, can I trust myself? 

480
00:25:19,480 --> 00:25:22,640
Can I still trust myself? 
Is my understanding big enough 

481
00:25:22,960 --> 00:25:25,480
that I can trust myself? 
And what I like about Bitcoin is

482
00:25:25,480 --> 00:25:26,960
that. 
Yeah, you can verify that for 

483
00:25:26,960 --> 00:25:29,680
yourself. 
Every time I think this, every 

484
00:25:29,680 --> 00:25:32,120
time I think this, I just think,
like, is Bitcoin still 

485
00:25:32,120 --> 00:25:35,000
decentralized and secure? 
If yes, then, you know, I tell 

486
00:25:35,000 --> 00:25:37,880
the voice if I had to shut up. 
And, you know, I think that's 

487
00:25:37,880 --> 00:25:39,640
the test. 
And that's why it's also so 

488
00:25:39,640 --> 00:25:42,920
psychological and spiritual at 
the same time, you know, like 

489
00:25:43,400 --> 00:25:47,680
it's also a discovery inside 
yourself, of yourself. 

490
00:25:47,840 --> 00:25:50,840
Yeah, I mean, I think it's just 
that, you know, one it just like

491
00:25:50,840 --> 00:25:53,120
it's kind of almost like a pride
thing, right. 

492
00:25:53,120 --> 00:25:55,400
You got to be able to say like, 
all right, I'm not a know it 

493
00:25:55,400 --> 00:25:57,120
all. 
Maybe the things I was taught 

494
00:25:57,120 --> 00:26:00,080
previously are wrong and it 
gives you like that that 

495
00:26:00,080 --> 00:26:03,560
critical thinking skills. 
So, you know, I don't know if 

496
00:26:03,680 --> 00:26:06,920
everybody like I'll, I don't 
know if everybody like is really

497
00:26:07,000 --> 00:26:09,760
I guess enjoys learning. 
And I think a big part of that 

498
00:26:09,760 --> 00:26:13,000
is just the school system and 
kind of how they structure it 

499
00:26:13,000 --> 00:26:16,480
and beat it out of you over 
years where people just finally 

500
00:26:16,480 --> 00:26:18,160
think like, all right, I got to 
the end of the road. 

501
00:26:18,160 --> 00:26:21,360
I got my high school diploma, 
college degree, whatever it is, 

502
00:26:21,880 --> 00:26:24,880
and they think that the learning
is done from there. 

503
00:26:24,880 --> 00:26:29,920
So I think it takes somebody who
a special kind of person to get 

504
00:26:29,920 --> 00:26:34,040
to Bitcoin early one not be like
really forced to do it. 

505
00:26:34,040 --> 00:26:36,600
But I think unfortunately, the 
way things are going, more and 

506
00:26:36,600 --> 00:26:38,480
more people are going to be 
forced to look at their 

507
00:26:38,480 --> 00:26:42,600
finances, forced to really 
budget out things and forced to 

508
00:26:42,600 --> 00:26:45,000
really just try to focus on 
money. 

509
00:26:45,000 --> 00:26:48,520
And you know, unfortunately that
that doesn't lead to a good 

510
00:26:48,520 --> 00:26:51,920
quality of life. 
You know, the biggest driver of 

511
00:26:51,920 --> 00:26:56,440
divorce is, is generally money. 
So you know, there's there's a 

512
00:26:56,440 --> 00:27:01,120
lot of things that it affects. 
And I think everybody has that 

513
00:27:01,120 --> 00:27:04,240
gets into the Bitcoin space, 
then realizes all the things 

514
00:27:04,240 --> 00:27:06,880
that inflation has just 
negatively affected, whether 

515
00:27:06,880 --> 00:27:09,920
it's food, pharmaceutical, 
drugs, you know, even just 

516
00:27:09,920 --> 00:27:13,360
relationships in general, just 
the way people behave, you know,

517
00:27:13,400 --> 00:27:16,920
seeing the decline in birth 
rates overtime, like all these 

518
00:27:16,920 --> 00:27:18,680
things are just drastically 
connected. 

519
00:27:19,520 --> 00:27:21,800
And, you know, the best thing 
you could do is just like 

520
00:27:21,800 --> 00:27:24,800
equipped yourself with this 
knowledge and figure out a way 

521
00:27:24,800 --> 00:27:28,040
to live the life that you, you 
know, actually want to live. 

522
00:27:28,040 --> 00:27:31,120
But unfortunately, a lot of 
people don't do that until it's 

523
00:27:31,120 --> 00:27:32,760
too late. 
And then you know, they live 

524
00:27:32,760 --> 00:27:36,800
with with some regret. 
Yeah, but how do you, how do you

525
00:27:36,800 --> 00:27:39,120
see that around you? 
For example, I, I think it's 

526
00:27:39,120 --> 00:27:41,360
fascinating that there's a lot 
of these like Tik Toks or 

527
00:27:41,360 --> 00:27:44,400
Instagram Reels where people are
like, you know, I have two 

528
00:27:44,400 --> 00:27:47,040
master's degrees and they show 
them right? 

529
00:27:47,040 --> 00:27:50,280
And I applied to like 100 jobs. 
They all said no. 

530
00:27:50,280 --> 00:27:53,120
So now I'm rolling sushi 
somewhere, you know, and they 

531
00:27:53,120 --> 00:27:55,520
are just questioning like, did I
do the right thing? 

532
00:27:55,520 --> 00:27:57,240
What is this worth? 
I'm 100K. 

533
00:27:57,240 --> 00:28:00,400
It's student depth and all these
things like how, how do you see 

534
00:28:00,400 --> 00:28:02,800
that around you? 
Well, I mean, that's a great 

535
00:28:02,800 --> 00:28:05,000
question. 
You know, like around me, I see 

536
00:28:05,000 --> 00:28:08,560
like less and less friends 
getting like married until like 

537
00:28:08,560 --> 00:28:14,120
later waiting for that. 
Just in general, like it's it's 

538
00:28:14,120 --> 00:28:16,000
interesting because I live in 
Florida. 

539
00:28:16,000 --> 00:28:21,240
So, you know, in Florida, I 
would say most people are, I 

540
00:28:21,240 --> 00:28:24,080
guess how big corners would say 
is, are fairly based, right? 

541
00:28:24,080 --> 00:28:26,800
I mean, they realize, you know, 
you got to workout, get some 

542
00:28:26,800 --> 00:28:30,800
sun, you gotta, you know, eat 
food or eat the right food. 

543
00:28:31,360 --> 00:28:34,320
There's like, I know a lot of 
people that are super anti seed 

544
00:28:34,320 --> 00:28:38,360
oils and are very much not into 
Bitcoin, but are like kind of, 

545
00:28:38,640 --> 00:28:41,600
you know, tangentially, you 
know, aware of Bitcoin because 

546
00:28:41,600 --> 00:28:44,840
of like all these things. 
So I see more and more people 

547
00:28:44,840 --> 00:28:48,160
waking up to that fact. 
But I mean, on the flip side of 

548
00:28:48,160 --> 00:28:51,360
things too, like it's the 
culture in Florida. 

549
00:28:51,360 --> 00:28:54,720
I don't know if it's necessarily
like get wiped up or get married

550
00:28:54,720 --> 00:28:58,680
really young and, and sort of, 
you know, I guess like start a 

551
00:28:58,680 --> 00:29:01,040
family and everything like that.
So a lot of my friends that I've

552
00:29:01,040 --> 00:29:04,760
made there are definitely 
talking about waiting till later

553
00:29:04,760 --> 00:29:08,080
in life to do that, maybe not 
even starting to have kids until

554
00:29:08,080 --> 00:29:10,640
they're 30. 
You know, I think that that's 

555
00:29:10,640 --> 00:29:14,800
just the delay. 
And you know, I mean, my parents

556
00:29:14,840 --> 00:29:18,520
didn't or had me when they were 
30, but I was the second kid, 

557
00:29:18,520 --> 00:29:22,760
you know, so like a lot of 
differences in in that way. 

558
00:29:23,440 --> 00:29:26,640
But on the flip side of things 
like I grew up in in the South, 

559
00:29:27,040 --> 00:29:31,000
in the United States. 
So in the South, it is like a 

560
00:29:31,000 --> 00:29:33,240
very traditional kind of kind of
way. 

561
00:29:33,240 --> 00:29:36,760
So a lot of friends from high 
school or friends from college 

562
00:29:37,320 --> 00:29:39,040
are already married with kids 
too. 

563
00:29:39,040 --> 00:29:41,560
So I'm seeing it like kind of on
both sides of things. 

564
00:29:41,560 --> 00:29:44,520
But you know, it's interesting. 
A lot of them are, you know, 

565
00:29:44,520 --> 00:29:47,040
still doing that. 
Their husband and, you know, the

566
00:29:47,040 --> 00:29:49,600
wife are, you know, still doing 
the nine to five grind. 

567
00:29:49,600 --> 00:29:52,040
Both of them are working the 
kids going to daycare 

568
00:29:52,320 --> 00:29:55,680
immediately, as soon as the as 
soon as possible, you know, sort

569
00:29:55,680 --> 00:29:58,760
of thing. 
So, you know, I think it's, it's

570
00:29:58,760 --> 00:30:02,680
just like a different way of 
life than maybe our parents had 

571
00:30:02,680 --> 00:30:06,040
to go through. 
And I think, you know, I think 

572
00:30:07,000 --> 00:30:10,760
it's not really a net positive 
unfortunately for the way things

573
00:30:10,760 --> 00:30:14,200
are going. 
Yeah, yeah, it's interesting. 

574
00:30:14,280 --> 00:30:17,760
I again, you know, as someone 
from Europe, I'm looking at it 

575
00:30:17,760 --> 00:30:21,240
from from from a distance, of 
course, like through these tik 

576
00:30:21,240 --> 00:30:24,160
Toks and and stuff. 
But yeah, if you see these 

577
00:30:24,160 --> 00:30:29,800
stats, for example, like credit 
card delinquencies or defaults 

578
00:30:29,800 --> 00:30:34,720
are at all time, all time high, 
like COVID savings are gone and,

579
00:30:34,720 --> 00:30:37,280
and all these things. 
I mean, I even have it here in 

580
00:30:37,280 --> 00:30:39,840
my country like in the weekend, 
all the terraces and all the 

581
00:30:39,840 --> 00:30:45,520
restaurants are full. 
And we've also had three to 5% 

582
00:30:45,520 --> 00:30:51,000
inflation for, I don't know, 
last two years or since COVID. 

583
00:30:51,000 --> 00:30:56,600
So, yeah, or everyone is 
secretly eating ramen or I don't

584
00:30:56,600 --> 00:30:59,400
know how they do it or all the 
savings are gone or something. 

585
00:30:59,920 --> 00:31:03,120
But yeah, as I said before, I, I
think that it will take some 

586
00:31:03,120 --> 00:31:08,000
time before it really goes bad. 
But then, you know, from, from 

587
00:31:08,000 --> 00:31:11,040
what I understand from people 
that I listen to that that are 

588
00:31:11,040 --> 00:31:16,480
like, really like, like have, 
have a, have a good financial 

589
00:31:16,480 --> 00:31:18,560
background and they do the, the 
analysis. 

590
00:31:18,560 --> 00:31:20,560
They say like, you know, it, 
this is inevitable. 

591
00:31:20,560 --> 00:31:22,920
It will, it will happen at some 
point. 

592
00:31:22,920 --> 00:31:26,160
And yeah, it's kind of like we 
are on the on the Titanic, but 

593
00:31:26,160 --> 00:31:29,040
not sure if we have hit the 
iceberg yet, you know? 

594
00:31:30,160 --> 00:31:32,160
Yeah, I mean, like, James Lavish
puts it great. 

595
00:31:32,160 --> 00:31:34,720
We're on this debt spiral. 
I mean, like, you know, if you 

596
00:31:34,720 --> 00:31:37,960
go on the US debt clock on that 
website and you look at the 

597
00:31:37,960 --> 00:31:40,880
amount of debt that the US is 
getting into, you'll get 

598
00:31:40,880 --> 00:31:43,800
nauseous just watching those 
numbers go up like crazy. 

599
00:31:44,000 --> 00:31:46,240
And I'm chuckling and laughing 
at that, but it's not really a 

600
00:31:46,240 --> 00:31:48,040
laughing matter, right? 
I mean, it's like, how are we 

601
00:31:48,040 --> 00:31:50,320
going to get out of this? 
We're essentially putting debt 

602
00:31:50,320 --> 00:31:53,480
on more debt on more debt, and 
we're just borrowing from the 

603
00:31:53,480 --> 00:31:55,800
future. 
And we're like, hey, you know, 

604
00:31:56,640 --> 00:32:00,960
whatever gin, whatever it is now
that's in college, you guys are 

605
00:32:00,960 --> 00:32:02,720
going to have to go out. 
You're going to have to make 60 

606
00:32:02,720 --> 00:32:05,160
grand a year. 
And you know, people 5-10 years 

607
00:32:05,160 --> 00:32:06,760
ago, we're making 60 grand a 
year. 

608
00:32:06,960 --> 00:32:10,280
That 60 grand is probably worth 
half as much as it was, you 

609
00:32:10,280 --> 00:32:12,120
know, before. 
You're going to have to have 7 

610
00:32:12,120 --> 00:32:16,000
roommates and a giant house or 
live at your parents house for a

611
00:32:16,000 --> 00:32:18,080
lot longer and not really grow 
up. 

612
00:32:18,120 --> 00:32:20,840
I mean, like, you know, it's a, 
it's a lot of things that are, 

613
00:32:20,880 --> 00:32:24,240
are like, you know, limiting 
factors and it just, you know, 

614
00:32:24,240 --> 00:32:27,760
doesn't really let young people 
live, live their life that they 

615
00:32:27,760 --> 00:32:30,480
want to live. 
And, you know, and then that 

616
00:32:30,480 --> 00:32:34,760
hurts the future of America from
companies and, and everything 

617
00:32:34,760 --> 00:32:37,240
else as well. 
So it's just like a trickle down

618
00:32:37,240 --> 00:32:41,000
effect where it's not really 
helping the young generation 

619
00:32:41,000 --> 00:32:42,880
create these prosperous 
companies. 

620
00:32:42,880 --> 00:32:47,120
So I, I mean, it's making it 
harder on the entrepreneur, you 

621
00:32:47,120 --> 00:32:49,720
know, to kind of get, get 
companies started and everything

622
00:32:49,720 --> 00:32:52,320
like that. 
So it's definitely an uphill 

623
00:32:52,320 --> 00:32:56,000
battle and it's not built for 
everybody, but I think that, you

624
00:32:56,000 --> 00:32:59,880
know, the the inflationary 
factors are definitely making it

625
00:32:59,880 --> 00:33:03,800
harder to be an entrepreneur 
and, and go through that cycle. 

626
00:33:03,840 --> 00:33:08,320
Yeah, I am. 
I I love the looking at. 

627
00:33:08,400 --> 00:33:10,440
I don't love it. 
I think it's just very 

628
00:33:10,440 --> 00:33:12,560
interesting when you look at 
this use debt clock, right? 

629
00:33:13,000 --> 00:33:18,920
I saw a stat that I think it was
like 30% of GDP is now used to 

630
00:33:18,920 --> 00:33:21,840
pay off. 
I don't know if 30 is right, but

631
00:33:21,840 --> 00:33:25,640
it's between 20 and 30 or 
thirtyish of the income tax 

632
00:33:25,640 --> 00:33:31,120
revenue is used to pay off the 
interest on the debt, right? 

633
00:33:31,520 --> 00:33:35,760
So as an American, you work, if 
you work full time, you work one

634
00:33:35,880 --> 00:33:41,920
maybe almost two days a week to 
help your government pay the 

635
00:33:41,920 --> 00:33:48,840
interest on money they borrowed 
and used on whatever before you 

636
00:33:48,840 --> 00:33:52,520
were probably born, right? 
That is so insane. 

637
00:33:52,840 --> 00:33:54,720
It's so insane. 
That father is so insane. 

638
00:33:54,720 --> 00:33:58,000
And when you look at this U.S. 
debt clock, when it says like 

639
00:33:58,000 --> 00:34:03,440
the national debt is well 45600,
you know, .6 trillion, it says 

640
00:34:03,440 --> 00:34:09,679
debt per citizen, $105,000. 
So for every citizen, there's 

641
00:34:09,679 --> 00:34:14,080
already already $105,000 
borrowed from the future spent 

642
00:34:14,080 --> 00:34:21,080
on something that is basically, 
yeah, it's it's just gone and 

643
00:34:21,159 --> 00:34:24,679
you have to work for that to 
help your government pay that 

644
00:34:24,760 --> 00:34:27,080
back. 
But that, and that is per 

645
00:34:27,080 --> 00:34:29,000
citizen, that includes the 
babies, right? 

646
00:34:29,560 --> 00:34:35,520
But per taxpayer, it's 271,000. 
What do you think the average 

647
00:34:35,600 --> 00:34:38,159
salary is in the US? 
Good question, I think it's 

648
00:34:38,159 --> 00:34:41,639
around probably like 30-5 ish or
something. 

649
00:34:42,600 --> 00:34:43,679
Double. 
It's like 6. 

650
00:34:43,719 --> 00:34:47,560
It's 63. 
But you know, the average U.S. 

651
00:34:47,560 --> 00:34:52,880
debt for a current taxpayer is 
like 3 1/2 times or through 

652
00:34:52,880 --> 00:34:56,040
maybe a little less, but a 
little over three times the 

653
00:34:56,040 --> 00:34:58,920
amount of the average salary in 
the US. 

654
00:34:59,160 --> 00:35:02,600
So it's absolutely insane. 
And that debt is just going to 

655
00:35:02,600 --> 00:35:07,200
keep exponentially growing. 
And believe it or not, wages are

656
00:35:07,200 --> 00:35:10,720
not going to be exponentially 
growing at that pace, right? 

657
00:35:10,720 --> 00:35:15,240
I mean, even if inflation was at
2 or 3%, right, and you get the 

658
00:35:15,600 --> 00:35:19,600
two or three percent raise, I 
mean, you know, at this point in

659
00:35:19,600 --> 00:35:23,520
time we're just the, the 
salaries are just too far behind

660
00:35:23,520 --> 00:35:26,200
the debt, so. 
Yeah, but what's the general 

661
00:35:26,200 --> 00:35:28,560
income tax? 
What's the average income tax? 

662
00:35:29,320 --> 00:35:30,920
Well, it's different from state 
to state. 

663
00:35:30,920 --> 00:35:34,320
So I mean, like, you know, you 
pay like 30%. 

664
00:35:34,360 --> 00:35:35,720
I mean, it really depends. 
I think. 

665
00:35:35,720 --> 00:35:38,640
I think it's like 20 to 30% on 
income tax. 

666
00:35:38,640 --> 00:35:42,040
And then you could have state 
income tax, you know, you have 

667
00:35:42,040 --> 00:35:45,320
sales tax. 
I mean, we get taxed up to our 

668
00:35:45,320 --> 00:35:47,640
eyes out here. 
Anytime you move money around 

669
00:35:47,640 --> 00:35:50,800
it, there's a there's a tax. 
And, you know, I mean, I know 

670
00:35:50,800 --> 00:35:53,680
it's a lot worse in in Europe 
and in some other countries as 

671
00:35:53,680 --> 00:35:55,520
well. 
But I mean, you got to think 

672
00:35:55,520 --> 00:36:00,200
like at, you know, when America 
was over its existence, they 

673
00:36:00,200 --> 00:36:03,240
were throwing tea in the harbor 
over, you know, I think it was 

674
00:36:03,240 --> 00:36:07,160
like a one or 3% tax at that 
point in time. 

675
00:36:07,880 --> 00:36:10,800
But now we're like, OK, you 
know, 40%, that's fine. 

676
00:36:11,120 --> 00:36:14,000
Yeah, but you said, you know 
that per taxpayer, I'm I'm 

677
00:36:14,000 --> 00:36:18,800
looking at it too, 271,002. 171,
yeah. 

678
00:36:19,000 --> 00:36:21,840
Yeah, yeah. 
But, but so it's, it's, it's if 

679
00:36:21,840 --> 00:36:25,400
you take an average salary of 
60K, right, and you get taxed, 

680
00:36:25,400 --> 00:36:29,440
let's say effectively 50%. 
So 30K goes to the government. 

681
00:36:29,440 --> 00:36:36,040
That's like 9-9 years of the 
average person paying taxes to 

682
00:36:36,040 --> 00:36:39,720
pay off or to help their 
government pay off the the debt 

683
00:36:39,720 --> 00:36:41,760
that they took on for that 
taxpayer. 

684
00:36:42,360 --> 00:36:46,240
But that would assume that in 
those nine years that debt would

685
00:36:46,240 --> 00:36:50,160
not grow, right? 
This this debt spiral concept 

686
00:36:50,160 --> 00:36:53,920
from James Lavish actually says,
you know, the debt per taxpayer 

687
00:36:53,920 --> 00:36:59,520
will grow because the US has to 
raise more debt to sustain the 

688
00:36:59,520 --> 00:37:02,160
old debt, right? 
Like so paying old credit card 

689
00:37:02,160 --> 00:37:05,160
with a new credit card, but 
let's say nine years, right? 

690
00:37:05,160 --> 00:37:09,960
So if you were 17, I don't know 
when you turn a taxpayer in, in,

691
00:37:09,960 --> 00:37:12,480
in, in in America or when you 
start working, right? 

692
00:37:12,480 --> 00:37:15,600
Like your first job when you're 
younger, maybe when you're 16, 

693
00:37:16,040 --> 00:37:20,400
from 16 to 25, you know, let's 
make it simplistic. 

694
00:37:20,600 --> 00:37:25,480
You're working to pay tax to 
help your government, you know, 

695
00:37:25,480 --> 00:37:28,800
pay, pay that interest, just the
interest, by the way, or well, 

696
00:37:28,800 --> 00:37:31,280
it's a, it's a debt, right? 
So you're paying 9 or you're 

697
00:37:31,280 --> 00:37:34,920
working nine years of your life 
to help your government pay off 

698
00:37:34,920 --> 00:37:39,800
the debt that they took on on, 
you know, not in your name, but 

699
00:37:39,960 --> 00:37:43,880
on you as as a taxpayer, Right. 
And so with that money that you 

700
00:37:43,880 --> 00:37:49,120
pay your government, nothing of 
quality will be created, right? 

701
00:37:49,120 --> 00:37:52,840
Like nothing that that will not 
be spent on, you know what 

702
00:37:52,840 --> 00:37:55,920
people argue a lot when they say
like that's on roads or 

703
00:37:55,920 --> 00:37:57,440
infrastructure or blah, blah, 
blah, blah, blah. 

704
00:37:57,960 --> 00:38:01,080
No, it's just to pay off the 
debt. 

705
00:38:01,360 --> 00:38:04,960
Yeah, that's wild. 
Yeah, it's absolutely insane. 

706
00:38:04,960 --> 00:38:07,760
I mean, like, like I said, like 
we've been to, you know, kind of

707
00:38:07,760 --> 00:38:10,360
going through, it's just like 
it's it's a never ending cycle. 

708
00:38:10,360 --> 00:38:12,240
So what is the way out here, 
right? 

709
00:38:12,240 --> 00:38:16,320
I mean, you look at El Salvador,
it's the first country to not 

710
00:38:16,320 --> 00:38:19,320
put debt on their budget for 
next year's budget. 

711
00:38:19,560 --> 00:38:23,920
So I think, you know, obviously 
adapting, adopting Bitcoin has 

712
00:38:23,960 --> 00:38:25,440
really helped through that 
movement. 

713
00:38:25,440 --> 00:38:28,520
Obviously there's been a lot of 
growth in El Salvador as well, 

714
00:38:28,520 --> 00:38:31,680
including, you know, a lot of 
the roads over everything like 

715
00:38:31,680 --> 00:38:36,160
that popping up seemingly. 
I wonder why, You know, I mean, 

716
00:38:36,160 --> 00:38:39,320
a lot of people, a lot of 
tourists are starting to go to 

717
00:38:39,320 --> 00:38:41,920
El Salvador as well. 
I mean, there's a lot of things 

718
00:38:41,920 --> 00:38:45,160
that, you know, obviously it's 
a, it's a much smaller scale 

719
00:38:45,160 --> 00:38:49,520
than something as grand as the 
US and you know, the US dollar 

720
00:38:49,520 --> 00:38:52,240
and everything like that. 
But I think it's a good model 

721
00:38:52,240 --> 00:38:54,920
that other countries should 
start like really implementing 

722
00:38:54,920 --> 00:38:58,760
their, you know, really start to
go into, you know that I mean, 

723
00:38:58,920 --> 00:39:01,040
even even on like a company 
level, right? 

724
00:39:01,040 --> 00:39:03,760
You look at Michael Saylor, the 
things that he's been able to do

725
00:39:03,760 --> 00:39:07,920
at micro strategy, it just makes
sense to hold Bitcoin on the 

726
00:39:07,920 --> 00:39:09,720
balance sheet to help pay off 
the debt. 

727
00:39:09,720 --> 00:39:13,760
And I mean, even use traditional
financial tools to buy up more 

728
00:39:13,760 --> 00:39:17,000
Bitcoin, You know, has been 
something that he's been doing 

729
00:39:17,000 --> 00:39:19,320
and it's been, you know, 
brilliant and it's helped out 

730
00:39:19,320 --> 00:39:23,200
his company go from essentially 
a zombie company to one of the 

731
00:39:23,360 --> 00:39:27,280
the best performing stocks and 
the the best performing stock in

732
00:39:27,280 --> 00:39:29,560
the S&P 500 just depending on 
the day. 

733
00:39:30,320 --> 00:39:34,520
So, you know, I think it's 
absolutely like it's a no 

734
00:39:34,520 --> 00:39:37,680
brainer and people have lined 
out the playbook for you. 

735
00:39:37,680 --> 00:39:40,040
You just have to implement it at
this point in time, no matter 

736
00:39:40,040 --> 00:39:42,880
what scale you're at, whether 
it's a country, business or 

737
00:39:42,880 --> 00:39:44,600
personally. 
I think that's an interesting 

738
00:39:44,600 --> 00:39:48,000
point, right? 
If people that have if people 

739
00:39:48,000 --> 00:39:51,560
that experience this debasement 
of money problem, if they 

740
00:39:51,560 --> 00:39:55,360
experience it worse than you 
because they have more money and

741
00:39:55,360 --> 00:39:58,680
they choose to adopt Bitcoin to 
save themselves from this 

742
00:39:58,680 --> 00:40:01,760
melting ice cube, then. 
You know, if you have less than 

743
00:40:01,760 --> 00:40:06,440
$500 million, like when Michael 
Saylor started, you should be 

744
00:40:06,720 --> 00:40:09,640
paying attention to Bitcoin 
because if he has that problem, 

745
00:40:09,640 --> 00:40:11,600
you have that problem as well, 
right? 

746
00:40:12,040 --> 00:40:15,000
Unless you have no money. 
I get these messages sometimes, 

747
00:40:15,000 --> 00:40:16,520
right? 
Like, I don't have a lot of 

748
00:40:16,520 --> 00:40:18,160
money. 
I don't have any excess savings,

749
00:40:18,160 --> 00:40:19,480
right? 
Like, how should I get into 

750
00:40:19,480 --> 00:40:22,320
Bitcoin? 
And I just always say like that,

751
00:40:22,640 --> 00:40:26,560
Obviously that's rough. 
And once you realize that 

752
00:40:26,560 --> 00:40:30,880
Bitcoin is the best way to store
wealth, it also invites you to, 

753
00:40:32,160 --> 00:40:35,440
you know, do your best, like 
really work hard, figure out how

754
00:40:35,440 --> 00:40:38,800
do I provide value in a better 
way? 

755
00:40:38,800 --> 00:40:43,480
I think than, you know, and some
people want to agree, you know, 

756
00:40:43,480 --> 00:40:46,720
but taking a stupid corporate 
job that maybe pays you 100 KA 

757
00:40:46,720 --> 00:40:50,720
year but where you're bored as 
fuck and you don't like it, you 

758
00:40:50,720 --> 00:40:55,000
know, and, and and and that you 
dread to go to every they 

759
00:40:55,160 --> 00:41:00,040
eventually it is way nicer to do
something hard and become good 

760
00:41:00,040 --> 00:41:02,000
at something, whatever that is, 
right? 

761
00:41:02,000 --> 00:41:05,320
It doesn't have to be like a 
fancy, something fancier that 

762
00:41:05,320 --> 00:41:07,440
other people think is fancy, but
just be good at it. 

763
00:41:07,440 --> 00:41:10,840
And if you're good enough, then 
you can make money with it, you 

764
00:41:10,840 --> 00:41:13,840
know, and if you make money with
it and get your life in order, 

765
00:41:13,840 --> 00:41:18,720
then eventually you can store 
everything that's left in in in 

766
00:41:18,720 --> 00:41:20,640
Bitcoin. 
But yeah, well, Michael Saylor 

767
00:41:20,640 --> 00:41:24,480
had a $500 million problem and 
he decided to get into into 

768
00:41:24,480 --> 00:41:26,520
Bitcoin, right? 
So why would the average person 

769
00:41:26,520 --> 00:41:28,600
not not do that? 
Yeah. 

770
00:41:29,400 --> 00:41:32,880
Yeah, I mean 100%. 
And it just like, yeah, I mean, 

771
00:41:33,240 --> 00:41:35,840
I don't know. 
I've had this argument with one 

772
00:41:35,840 --> 00:41:39,360
of my friends here. 
He's like, well, if he's a 500 

773
00:41:39,360 --> 00:41:41,960
millionaire, half a billionaire 
or whatever, or close to a 

774
00:41:41,960 --> 00:41:46,200
billionaire, he's still going to
be that with or without Bitcoin,

775
00:41:46,200 --> 00:41:48,120
whether it tanks or it's or it's
up. 

776
00:41:48,120 --> 00:41:51,160
So like, why listen to them? 
And I'm like, what do you mean? 

777
00:41:51,160 --> 00:41:53,040
These kids? 
These are the guys that get to 

778
00:41:53,040 --> 00:41:56,080
this point, you know, with their
money strategy and everything 

779
00:41:56,080 --> 00:41:57,360
like that. 
So these are the people you 

780
00:41:57,360 --> 00:42:00,360
should be listening to, not some
Joe Schmo who's living in an 

781
00:42:00,360 --> 00:42:04,360
apartment, you know, by himself 
with a just like a dog and just,

782
00:42:04,640 --> 00:42:07,240
you know, kind of going through 
it that way. 

783
00:42:07,240 --> 00:42:09,680
Like you should listen to the 
people who have made it and 

784
00:42:09,800 --> 00:42:12,160
they'll give you the advice if 
you just listen. 

785
00:42:12,160 --> 00:42:14,960
You just gotta listen and not 
think that they're trying to 

786
00:42:15,120 --> 00:42:16,720
bullshit you. 
Like, what incentive did they 

787
00:42:16,720 --> 00:42:19,400
have for you to buy Bitcoin? 
It's not like you're going to 

788
00:42:19,760 --> 00:42:21,640
buy so much that it moves their 
bags. 

789
00:42:21,800 --> 00:42:24,600
I mean, I mean, I don't think 
I'm going to be affecting 

790
00:42:24,600 --> 00:42:28,080
Michael Saylor's bags that much,
you know, by buying Bitcoin. 

791
00:42:28,080 --> 00:42:33,080
And so, you know, I just never 
really understood that. 

792
00:42:33,360 --> 00:42:38,160
Yeah, I had AI searched on 
Twitter for my my Twitter name 

793
00:42:38,160 --> 00:42:41,360
Bromke and then uncle, because I
use this a lot, right. 

794
00:42:42,040 --> 00:42:45,000
I quote tweeted the tweet that 
said, you know, was a Texas 

795
00:42:45,000 --> 00:42:48,360
professor presents that Bitcoin 
is the first time in history of 

796
00:42:48,360 --> 00:42:51,280
humankind where we see the value
of scarcity illustrated. 

797
00:42:51,720 --> 00:42:54,440
And then, you know, I quote 
posted saying, but the economy 

798
00:42:54,440 --> 00:42:57,600
guy on the TV says it's a Ponzi.
My uncle lost money on a doggy 

799
00:42:57,600 --> 00:42:59,080
coin. 
So how can this be a thing? 

800
00:42:59,080 --> 00:43:00,800
You know, like that's how people
think. 

801
00:43:00,800 --> 00:43:04,440
And and last week when Najib 
Ukela, El Salvador was meeting 

802
00:43:04,440 --> 00:43:08,080
this the vice president of 
Argentina, you know, I say, like

803
00:43:08,080 --> 00:43:10,360
country leaders are discussing 
Bitcoin together while you were 

804
00:43:10,360 --> 00:43:11,880
not paying attention because 
you're drunk. 

805
00:43:11,880 --> 00:43:14,960
Uncle says it's to the pond. 
This is really, I hear these 

806
00:43:14,960 --> 00:43:17,160
arguments all the time. 
Yeah, but my uncle and he lost 

807
00:43:17,160 --> 00:43:21,040
this FTX thing and blah, blah. 
Like, you know, I eventually, if

808
00:43:21,040 --> 00:43:24,760
you drill it down, it's 
basically start thinking for 

809
00:43:24,760 --> 00:43:26,760
yourself. 
Don't listen to other people, 

810
00:43:26,760 --> 00:43:30,920
don't trust what we say. 
Just think like, OK, these guys 

811
00:43:30,920 --> 00:43:32,480
are really into this Bitcoin 
thing. 

812
00:43:33,080 --> 00:43:36,080
Should I pay attention or not? 
If not, you know, all good. 

813
00:43:36,080 --> 00:43:38,280
And if you want to pay 
attention, I think you can DM 

814
00:43:38,280 --> 00:43:41,400
either of us if you have 
questions or or need help or 

815
00:43:42,600 --> 00:43:44,840
whatever, right? 
But it's up to you as the 

816
00:43:44,840 --> 00:43:48,000
individual to be like, OK, I'm 
going to think for myself. 

817
00:43:48,000 --> 00:43:50,400
And if you hear us talk and you 
dismiss it and think like, oh, 

818
00:43:50,400 --> 00:43:52,800
these guys are crazy. 
They only talk about Bitcoin 

819
00:43:52,800 --> 00:43:55,600
because they have Bitcoin. 
Think about the fact I always 

820
00:43:55,680 --> 00:43:58,920
use this like it would be very 
weird if we would talk about 

821
00:43:58,920 --> 00:44:02,240
Bitcoin and not on Bitcoin. 
Like that would be way worse 

822
00:44:02,680 --> 00:44:05,800
than, you know, actually putting
our money where our mouth is. 

823
00:44:07,160 --> 00:44:10,160
Yeah, 100%, man. 
I mean, yeah, I just, you know, 

824
00:44:10,160 --> 00:44:13,160
I tell my friends all, all about
it just because, you know, 

825
00:44:13,160 --> 00:44:16,560
that's the, I mean, I'm trying 
to help them out and I want, I 

826
00:44:16,560 --> 00:44:19,520
want just just them to prosper 
as well as as much. 

827
00:44:20,000 --> 00:44:22,440
So I mean, it's just, it's 
always interesting. 

828
00:44:22,440 --> 00:44:24,640
They always think I'm just like 
full of it sometimes. 

829
00:44:24,640 --> 00:44:27,320
So I mean, I don't even, 
sometimes I don't even have a 

830
00:44:27,320 --> 00:44:29,840
conversation with them. 
But I mean, whoever wants to 

831
00:44:29,840 --> 00:44:31,240
talk to me about it, I'm always 
open. 

832
00:44:31,840 --> 00:44:36,600
All right, maybe a fun question 
to end and I'll answer to what 

833
00:44:36,720 --> 00:44:40,160
what, what makes you most 
bullish on Bitcoin like for the 

834
00:44:40,160 --> 00:44:44,000
next decade? 
The next decade, All right, 

835
00:44:44,000 --> 00:44:46,480
That's a long time I. 
Don't know short than long time,

836
00:44:46,480 --> 00:44:48,840
short than long time. 
Yeah, it's true. 

837
00:44:49,680 --> 00:44:52,800
I mean, I think that, you know, 
you're just seeing like a lot of

838
00:44:52,800 --> 00:44:55,960
traction, just more eyeballs and
more tools on it, right? 

839
00:44:55,960 --> 00:44:59,960
So although I don't recommend 
buying the ETFs, I think the 

840
00:45:00,080 --> 00:45:03,160
ETFs in the United States 
developing, getting traditional 

841
00:45:03,160 --> 00:45:06,360
finance into it is absolutely 
huge. 

842
00:45:06,360 --> 00:45:09,800
It allows companies to now put 
it on their balance sheet and be

843
00:45:09,800 --> 00:45:12,560
a little bit more balanced. 
I know obviously Michael Saylor 

844
00:45:12,560 --> 00:45:15,720
did that, but we saw four 
companies start to pop up and do

845
00:45:15,720 --> 00:45:19,040
that as well, at least publicly 
traded ones. 

846
00:45:19,040 --> 00:45:22,280
So we'll see, we'll see more 
like, you know, company like 

847
00:45:22,280 --> 00:45:25,920
Fold is, is becoming public. 
They've already got Bitcoin on 

848
00:45:25,920 --> 00:45:28,760
their balance sheet. 
So, you know, a lot of these 

849
00:45:28,760 --> 00:45:31,520
publicly traded companies are 
going to now be holding Bitcoin.

850
00:45:32,200 --> 00:45:34,440
You're going to see the ones 
that that implement the strategy

851
00:45:34,440 --> 00:45:37,960
start to, you know, really 
prosper and then countries as 

852
00:45:37,960 --> 00:45:39,960
well. 
So I mean, I think it's just a 

853
00:45:39,960 --> 00:45:42,080
combination of traditional 
finance. 

854
00:45:42,360 --> 00:45:45,440
The business is holding it on 
the balance sheet and you know, 

855
00:45:45,440 --> 00:45:48,640
now countries, uh, getting into 
a Bitcoin standard, whether 

856
00:45:48,640 --> 00:45:51,280
that's holding it in the 
treasury, strategic reserve, 

857
00:45:51,520 --> 00:45:54,120
what have you. 
I think that, you know, I mean, 

858
00:45:54,120 --> 00:45:56,800
at that point in time, it's only
going to be, you know, off to 

859
00:45:56,800 --> 00:45:59,200
the races here. 
I mean, we've seen, you know, 

860
00:45:59,200 --> 00:46:02,680
gold is like a, you know, a 
perfect example, something 

861
00:46:02,680 --> 00:46:05,120
that's almost like a leading 
indicator, I would say, for 

862
00:46:05,120 --> 00:46:09,280
what, what Bitcoin is going to 
do, except for, you know, gold 

863
00:46:09,280 --> 00:46:11,720
is, is not quite as as quickly 
moving. 

864
00:46:11,720 --> 00:46:15,880
But you know, we've seen a net 
outflow in the ETFs and the gold

865
00:46:15,880 --> 00:46:18,560
ETFs for the past, you know, 
three to four years. 

866
00:46:18,760 --> 00:46:22,200
And we've seen the gold price 
nearly double, if not more in 

867
00:46:22,200 --> 00:46:23,680
the past five. 
Now, why is that? 

868
00:46:23,680 --> 00:46:25,960
It's because central banks are 
are buying up gold. 

869
00:46:25,960 --> 00:46:29,440
So they're realizing the, the 
true like scarcity aspect. 

870
00:46:29,440 --> 00:46:34,040
And I think, you know, the ETFs 
are a one step for everybody to 

871
00:46:34,040 --> 00:46:36,680
start to get to OK, I need real 
Bitcoin. 

872
00:46:36,800 --> 00:46:39,600
I need to hold my own keys. 
I need to be self sovereign. 

873
00:46:39,920 --> 00:46:43,040
And I think, you know, all these
touch points that are happening 

874
00:46:43,040 --> 00:46:46,800
now in 10 years down the road, 
that's where we'll see people 

875
00:46:47,200 --> 00:46:49,280
truly understand the power of 
Bitcoin. 

876
00:46:49,280 --> 00:46:52,040
And yeah, we were just, we were 
just beating them, man. 

877
00:46:52,040 --> 00:46:53,480
We were just before them. 
So. 

878
00:46:53,720 --> 00:46:57,680
But yeah, I'd love to hear your 
reason why you're bullish for 

879
00:46:57,680 --> 00:47:03,240
these next this next decade. 
Yeah, so, so I think short term 

880
00:47:03,640 --> 00:47:06,440
as you said before, you know 
number number goes up is 

881
00:47:06,440 --> 00:47:09,800
probably the main thing. 
So if it's not 100K, then AT200K

882
00:47:09,800 --> 00:47:13,720
people will really wake up and 
buy more. 

883
00:47:13,720 --> 00:47:19,360
I have episode coming out with 
Jeff Ross who's like, yeah, it's

884
00:47:19,360 --> 00:47:24,440
going to be 500 KQ 42025, if not
700 to a million. 

885
00:47:24,440 --> 00:47:28,240
And I'm like, you know, I cannot
do the analysis that would 

886
00:47:28,240 --> 00:47:30,320
substantiate that, but I would 
be good with that. 

887
00:47:30,320 --> 00:47:36,320
I mean, if you if it really goes
that high within 12 months, 

888
00:47:37,640 --> 00:47:39,480
yeah, then it's undeniable 
anymore. 

889
00:47:39,480 --> 00:47:45,280
And then I think we we we could 
get into this accelerated game 

890
00:47:45,280 --> 00:47:48,000
theory where countries will be 
buying. 

891
00:47:48,040 --> 00:47:51,560
I think some people argue, you 
know, the higher the price that 

892
00:47:51,760 --> 00:47:54,880
actually the more interesting it
gets for countries to get in 

893
00:47:54,880 --> 00:47:58,000
because then, you know, they see
it's a, it's a serious asset 

894
00:47:58,000 --> 00:48:00,200
class. 
So that makes me bullish because

895
00:48:00,200 --> 00:48:03,360
I think we will end higher. 
I'm, I'm personally more around 

896
00:48:03,360 --> 00:48:07,080
the 200K type mark. 
We'll see, but something will 

897
00:48:07,080 --> 00:48:08,840
happen. 
I mean, these are the cycles of 

898
00:48:08,840 --> 00:48:12,800
Bitcoin and the, the problem is 
being becoming more and more 

899
00:48:12,800 --> 00:48:16,160
obvious to more and more people,
companies and countries. 

900
00:48:16,880 --> 00:48:18,960
It will go up. 
And I think over the long term, 

901
00:48:18,960 --> 00:48:22,000
I like what Michael Saylor says 
about, you know, in 20-30, 

902
00:48:22,000 --> 00:48:24,560
three, 99% of Bitcoin will be 
mined. 

903
00:48:25,120 --> 00:48:29,760
The last 1% will be mined over 
the next 107 years. 

904
00:48:30,120 --> 00:48:32,840
So that's basically a rounding 
error, that last 1%. 

905
00:48:33,560 --> 00:48:38,800
And yeah, you know, all the 
Bitcoin basically will be mined 

906
00:48:38,800 --> 00:48:42,720
in 2033. 
And if you're not, if you're now

907
00:48:42,720 --> 00:48:46,200
remotely paying attention as a 
country, an organization or a 

908
00:48:46,200 --> 00:48:49,440
person, you will have to start 
paying attention at least within

909
00:48:49,440 --> 00:48:52,280
the next, you know, nine years 
or else it is really too late. 

910
00:48:52,280 --> 00:48:55,840
So there will be, I think, kind 
of this inflection point where 

911
00:48:55,840 --> 00:48:59,680
like interest meets the absolute
digital scarcity and that will 

912
00:48:59,680 --> 00:49:03,120
really propel bit going forward.
So yeah, I follow kind of this 

913
00:49:03,480 --> 00:49:07,360
digital gold rush thesis, but 
yeah, so that makes me most 

914
00:49:07,440 --> 00:49:10,280
bullish. 
Yeah, 100%, man. 

915
00:49:10,280 --> 00:49:14,040
I mean, yeah, I mean, I, I'm 
still holding on to that 100K 

916
00:49:14,040 --> 00:49:17,520
before the end of the year. 
But yeah, man, I, you know, I 

917
00:49:17,560 --> 00:49:20,480
think at this point in time, 
we're starting to let the foot 

918
00:49:20,480 --> 00:49:23,200
off the gas here with the 
interest rate hikes. 

919
00:49:23,200 --> 00:49:26,480
And we're going to see, you 
know, maybe some more liquidity 

920
00:49:26,480 --> 00:49:29,280
in the market. 
And you know, after that we'll 

921
00:49:29,280 --> 00:49:31,400
start to see some more money 
printing because I think, you 

922
00:49:31,400 --> 00:49:34,840
know, everything is not all 
Peaches and daisies under the 

923
00:49:34,840 --> 00:49:37,880
surface. 
So you know that massive amounts

924
00:49:37,880 --> 00:49:41,040
of money printing, we saw 
Bitcoin go from 4:00 to let's 

925
00:49:41,040 --> 00:49:44,920
call it 70,000, which is about 
17 1/2 X. 

926
00:49:44,920 --> 00:49:49,200
You know, I mean maybe we 17 1/2
X from from what was it like 20 

927
00:49:49,200 --> 00:50:04,480
K this time, so. 
On the flip side of things like 

928
00:50:04,520 --> 00:50:08,600
maybe that 20 K wasn't the low, 
maybe the low because we've been

929
00:50:08,600 --> 00:50:12,600
floating around this 60K mark, 
maybe that's the low and then 

930
00:50:12,600 --> 00:50:16,040
it's 17 1/2 X says that is is 
1,000,050. 

931
00:50:16,040 --> 00:50:20,120
So you never know. 
I wouldn't be surprised if we 

932
00:50:20,120 --> 00:50:23,760
end up in somewhere in this 
range in the next 12 months and 

933
00:50:23,760 --> 00:50:28,880
shit just goes bonkers and where
that Bitcoin mean with the guys 

934
00:50:28,880 --> 00:50:31,160
just riding up the roller 
coaster straight up. 

935
00:50:32,080 --> 00:50:37,400
Yeah well I like the what you 
just said like it just goes up. 

936
00:50:37,480 --> 00:50:40,880
Fuck, I forgot the meme, but 
anyway, you know, like that, 

937
00:50:40,960 --> 00:50:43,440
that's also why I remember what 
I want to say, but that's why I 

938
00:50:43,440 --> 00:50:45,400
love Bitcoin. 
Like the memes are manifested 

939
00:50:45,520 --> 00:50:47,520
right and and we'll see that 
what you just said. 

940
00:50:47,520 --> 00:50:49,320
That's why I think Bitcoin is so
entertaining. 

941
00:50:49,440 --> 00:50:52,240
You know, we are in it. 
We are trying to learn still 

942
00:50:52,240 --> 00:50:55,560
everyday we're trying to share 
with other people and whatever 

943
00:50:55,560 --> 00:50:57,640
happens, happens. 
But for me, it's just really 

944
00:50:57,640 --> 00:51:00,880
entertaining and really fun and 
enjoyable to watch. 

945
00:51:00,880 --> 00:51:04,160
So yeah, super fun to chat. 
Maybe we should do this again in

946
00:51:04,160 --> 00:51:06,240
the future. 
There was a nice unprepared jam 

947
00:51:06,640 --> 00:51:09,640
and yeah man, I'll point people 
to to your channel to check out 

948
00:51:09,640 --> 00:51:12,960
your stuff and I think it's 
really cool that we are doing 

949
00:51:12,960 --> 00:51:14,520
this together. 
So thanks man. 

950
00:51:14,520 --> 00:51:16,880
Yeah, 100% man. 
Yeah, Thanks for having me on 

951
00:51:16,880 --> 00:51:18,480
the show and thanks for coming 
on the show. 

952
00:51:18,480 --> 00:51:20,680
Everybody smash the subscribe 
button for Bitcoin. 

953
00:51:20,680 --> 00:51:23,960
Millennials give it a like, you 
know, keep spreading the word 

954
00:51:23,960 --> 00:51:25,560
and yeah man, keep doing what 
you're doing. 

955
00:51:25,560 --> 00:51:27,720
Maybe we'll get an in person one
of these days. 

956
00:51:28,200 --> 00:51:30,720
We'll run into each other and at
one of these conferences and 

957
00:51:30,720 --> 00:51:32,640
we'll do we should do that 
content there. 

958
00:51:32,760 --> 00:51:34,280
So I think that that would be a 
lot of fun. 

959
00:51:34,680 --> 00:51:36,720
Totally man. 
Well, enjoy your day and we'll 

960
00:51:36,720 --> 00:51:39,120
stay in touch all. 
Right man, have a good one. 

961
00:51:39,440 --> 00:51:41,640
Thanks for watching. 
If you enjoyed this episode, you

962
00:51:41,640 --> 00:51:44,760
can click here to find more just
like it and you can click here 

963
00:51:44,760 --> 00:51:47,800
to find all Bitcoin for 
Millennials podcast episodes. 

964
00:51:47,920 --> 00:51:49,360
I want to thank you again for 
watching. 

965
00:51:49,360 --> 00:51:52,080
I appreciate your support and 
I'll catch you in the next 

966
00:51:52,160 --> 00:51:53,240
episode. 
Bye.