Latest / Simply Bitcoin / Billionaire Predicts $23 Million Bitcoin!? | EP 1256

Transcript

Billionaire Predicts $23 Million Bitcoin!? | EP 1256 · Simply Bitcoin

• 0:00
  Yo, Michael Saylor just made a bombshell Bitcoin price
• 0:04
  prediction here at the Bitcoin 2025 conference in Las Vegas,
• 0:08
  NV, which just wrapped up yesterday.
• 0:10
  Today we're going to be running through the numbers to prove why
• 0:14
  this prediction A implies a $23 million Bitcoin.
• 0:20
  Absolutely crazy. But before you call us crazy,
• 0:23
  let's check out the clip. And then of course me and Opti
• 0:26
  will talk about it. Discovered in 2011, 2012, 2013,
• 0:32
  2014, and then they went on to build yo-yo Coin and then they
• 0:38
  went on to build the thing to juggle the Bitcoin.
• 0:42
  And then they went on to write the book about how smart they
• 0:44
  are about having discovered the Bitcoin.
• 0:47
  And then they created the business and they got a board of
• 0:49
  directors that made them sell the Bitcoin, right?
• 0:52
  So commitment to the Bitcoin. The Bitcoin is the idea.
• 0:58
  Don't feed the trolls. When people cock at you online
• 1:01
  and tell you're stupid, don't argue with them.
• 1:03
  Don't chase, by the way, don't get distracted by your good
• 1:06
  ideas. Don't chase your good ideas.
• 1:10
  Satoshi gave you an idea worth half of everything on earth.
• 1:14
  The most common mistake entrepreneurs make is they fall
• 1:18
  in love with their own idea and and then they chase it.
• 1:23
  You have the world's greatest idea, the greatest idea in the
• 1:27
  history of the human race. It's there.
• 1:29
  You get you're living during an age where the majority of the
• 1:32
  planet doesn't get it. All you have to do is figure out
• 1:35
  how to capitalize it right now. But there will be a million
• 1:38
  other ideas. Don't fight lost causes.
• 1:42
  Choose your battles. Don't try to fix stuff you know,
• 1:46
  beyond your reach. You might have an opinion about
• 1:49
  this and that and the other thing, and it might make you
• 1:51
  really mad and you might be burning about it and you might
• 1:53
  think this is just awful. All that is true.
• 1:57
  I agree with you. But the truth is the world
• 2:00
  probably doesn't care what you think.
• 2:02
  And unless you can stop the war yourself then, and if you can
• 2:06
  stop the war, you know, you can do that, then you should focus
• 2:09
  on that. But if you can't, then don't
• 2:13
  take your own success for granted, you know?
• 2:19
  Dude, wait, hold on. That, that was incredible.
• 2:22
  So much to unpack there. So I, I think Michael Saylor,
• 2:25
  you know, what was really interesting to me in there is
• 2:29
  again, it's, you know, don't get distracted, right?
• 2:32
  And I think that's something that a lot of us perhaps feel,
• 2:38
  you know, a little bit guilty of, right?
• 2:40
  It there's a lot of injustices in the world, but essentially
• 2:44
  what he is focusing on, he's like, look, focus on yourself.
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  Bitcoin is, you know, this amazing idea that has tremendous
• 2:55
  amount of potential. Don't distract yourself from
• 3:00
  Signal. And the Signal, of course, is
• 3:03
  trying to buy Bitcoin. Now he buried something there,
• 3:07
  which is why we put it in the thumbnail.
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  The 23 million, he emphasized that Bitcoin is going to be
• 3:16
  worth half of the world's wealth.
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  That's 500 trillion. I don't know if you guys caught
• 3:21
  that right. He said Bitcoin's gonna be worth
• 3:24
  half the world's wealth. That is significantly higher
• 3:29
  than his prediction from last year, which, you know, it's kind
• 3:35
  of difficult to one up a $13 million price prediction.
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  Like eventually it starts to get a little bit crazy.
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  So he totally just went upped it though.
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  Now he didn't offer a timeline. He didn't offer, you know, this
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  is going to happen by this date like he did last year.
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  But he did imply it. And so far with Saylor, whether
• 3:56
  you agree with him, you disagree with him, there's some things
• 3:59
  that I, I didn't like the answer that he had that he gave to
• 4:03
  Mitchell Hoddle earlier on this week where Mitchell was
• 4:05
  basically saying, Hey, do you plan to, you know, make your
• 4:10
  Bitcoin reserves public? And he said, you know, basically
• 4:14
  said no, the, the, the stupid idea.
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  And again, it's above my pay grade, but he basically said no.
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  I think it's irresponsible. Simultaneously, you have
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  countries doing that, you have tethered doing that.
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  Another Bitcoin treasury company just announced, I think a couple
• 4:29
  days ago that they have the intention of making their
• 4:31
  reserves public. So it can be done right.
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  I didn't like that, but put that aside.
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  I think Sailor has done so much good for the space just in
• 4:42
  raising awareness towards Bitcoin, right?
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  So we might not all agree with him.
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  But the reason I'm saying all of that is because I think Sailor
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  has been more right than he has been wrong since 2020.
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  I mean, he's absolutely crushed it.
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  His company has crushed it. And he wouldn't be able to do
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  that unless he was over the target, right?
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  And that's the reality of the situation.
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  So he did just imply Bitcoin's market cap is going to hit $500
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  trillion. I think at $500 trillion, I
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  think that's roughly 23 million or $25 million Bitcoin, right?
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  So connect the dots with that, right?
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  This is what he means by don't get distracted.
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  And you see this, like, one of the things that frustrates me
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  the most is when I see a lot of people, like, you're at a
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  protest and you see people with like, picket signs and they're
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  like, like, this is injustice. And all this stuff like that
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  doesn't do anything. Fundamentally, the people in
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  power are the ones that are going to be making the
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  decisions. You could put pressure on them,
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  but they could still choose to ignore you or worse, put you in
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  a box, right? So what he's saying is like,
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  look, focus on this one in a generational opportunity that's
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  right in your face, which is Bitcoin.
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  If you're able to get to 1 Bitcoin, I mean it's 104,000,
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  but if you're able to get to 1, he's implying that you're going
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  to have a $25 million, you know, in the next 20 to 30 years.
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  The top 1% in the United States, their net worth is is 13
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  million. So this is what he means like
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  don't squander that opportunity and capitalize on it get on it
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  and it could change your life. It's changed my life.
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  It's changed, you know, Opti's life it's changed my company's
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  life. Bitcoin changes lives for the
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  better. You know, that's what it does it
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  Bitcoin is beautiful like that Bitcoin is awesome and you don't
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  want to squander that opportunity.
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  But it's crazy, man. Because I remember saying this
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  to you, Opti, like when we were talking last year, I said when
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  he dropped that $13 million price prediction, he made that
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  his keynote. I was like, holy shit, bro.
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  Like how is he gonna one up that next year 'cause you have to one
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  up your presentation from the year before?
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  Like you can't like you can't go down because then like less
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  people wanna see your talk or this and it's not.
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  And the Bitcoin conference, I think they did that extremely
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  well, right? Last year they had a
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  presidential candidate, this year they had the vice
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  president. Maybe next year they have the
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  president. That'd be epic.
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  But they had Ross, you know, Ross closed out the conference.
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  I, I didn't see the whole speech in person, but I wanted to see
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  the 1st 2030 seconds of it because that speech to me
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  personally as an individual, as a Bitcoiner, he referenced the
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  first speech that he made at a Bitcoin conference and it was
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  the Bitcoin, it was the Bitcoin conference in 2021.
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  And I never forget that speech because for me it was very
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  special. Right after his speech was the
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  first time I spoke at a Bitcoin conference.
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  And our boy Nick can't mine, you know, he, he was able to put
• 8:23
  this panel together 'cause someone cancelled last minute
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  and it was Alex Fetsky Nick can't mine and myself and that
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  that other Bitcoin zoomer, he's not he's not around these days
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  as much anymore. But yeah, exactly.
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  BTC lurk. And I never forget that speech
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  because we were on right after. So I was so nervous.
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  I've never done public speaking at that point.
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  And they played that clip of Ross and I was getting chills
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  and I would Ross's mom was backstage Lynn.
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  And I was like, holy cow. You know, This is why we're
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  here. This is why we're fighting.
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  And to to to see that come full circle from 2021 to 2025, but
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  he's in there in the flesh is a testament to the power of our
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  movement. And it's an indication that
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  we're winning. We had the vice president of the
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  United States speak at a Bitcoin conference.
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  That is absolutely freaking incredible.
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  Now to kind of weave it back in, to tie it back into what Michael
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  Saylor was saying, don't squander this opportunity.
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  Stay humble. Stack Sats have a low time
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  preference. You know, we are in Vegas, the
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  city of high time preference. And go about your life and watch
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  and see how Bitcoin will improve your life for the better because
• 10:00
  you're saving in the money. That can't be the base.
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  That won't be the base. Actually, you will increase in
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  purchasing power over time, therefore making everything
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  around you get cheaper and you having the perception that
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  you're getting wealthier. So yeah, man, what a week.
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  Shout out to, of course, the Rumble team for allowing us to
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  stream three days at the Rumble booth Tuesday, Wednesday and
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  Thursday or anyone who just didn't see us on YouTube.
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  We were still streaming on. We were uploading the podcast.
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  We're uploading on Rumble, but we weren't uploading on YouTube
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  for those last three days. But we all those episodes are
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  there. We didn't we didn't miss a beat.
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  So we'll be back in Miami. Opti and I are going to be doing
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  the show in person moving forward for the rest of time
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  until we ride into the sunset, Butch, Butch Cassidy type stuff.
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  So we're really excited about that.
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  And we also have some exciting news for you guys in the coming
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  months. So yeah, man, what a crazy week
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  and some very, very bullish news by Michael Saylor.
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  What's your take off to you? Yeah, well, First off, literally
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  we were working the whole time. So I didn't catch any speech on
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  the mainstage, but we were right by the mainstage.
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  Like if you walked out, we were at the press lounge, we were
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  right there. And the one thing I do remember
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  about the sailor speech, this was the keynote, I believe it
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  was called 21 Rules for Success. So if you're looking, I'm, I'm
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  sure the B Mag team will chop it up so you can catch the whole
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  thing. But it was very interesting to
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  see the response for when Sailor came up and he literally came up
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  Nico and it sounded like there was like a rock star walking on
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  stage. He had a standing ovation.
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  He basically had to chill there for like a couple minutes until
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  everyone calmed down just because that's how excited the
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  whole audience was and how loud it was.
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  And we were right there. So you just hear it booming and,
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  and at first you're like, who, who the Hell's going on stage?
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  And then you can kind of peek through and like, oh, it's
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  Sailor. And it's like, it's actually
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  incredible how many fans are maybe acolytes that Michael
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  Saylor has. And a lot of the conversations
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  we were having with people while we were doing interviews that
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  you guys will get on our channel is from people basically saying
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  that it took Michael Saylor for them to really understand what
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  Bitcoin is, what it can do for their company.
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  And the impact I think that Sailor has had, I don't think we
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  can downplay it. Yes, I know he's not perfect.
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  There's things you can criticize.
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  There's things you may not like that he's done or is doing or
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  saying. But the impact of Michael
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  Saylor, I, I don't think can be understated.
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  And I've jokingly said this on the show all the time.
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  He's probably going to be the richest man ever like to ever
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  live on planet Earth. You know, we, we have Musk right
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  now. Well, on paper, we have Musk as
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  the richest man on Earth. But I think Saylor eventually
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  will pass that anyway, talking about that, that clip here,
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  we've talked about it and and I my, I, I'm on a hotspot Nikka.
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  So maybe you want to check the chart from Croesus and we can
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  pull it up and show people what is going on.
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  And of course what we're referencing here is basically
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  the total assets of the world, whether that's real estate, bond
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  markets, currency, you know, gold art, etcetera.
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  That is now currently at 1000 trillion dollars, I think.
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  Is that the new one there? There's a video he did.
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  I think that's that one's the old one.
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  That's the old one, but it's close enough.
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  It's close enough. You get the picture.
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  So Cressus updated this and everyone for basically the last
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  year we've been referencing the total global asset value at 900
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  trillion. Well, Cressus updated it and we
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  are at 1000 trillion, which I believe is 1 quadrillion.
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  Someone fact checked me on this. Big numbers hard.
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  But if you break that down, excuse me, there's two ways you
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  can think about what Sailor said here.
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  Hold on, sorry guys, it's it's dry out here.
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  There's two ways that I I will interpret what Saylor said here.
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  1 is of course just the basic math of 1000 trillion dollars
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  divided by half, you know, half of everything in the world.
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  Of course $500 trillion. That would mean Bitcoin is going
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  to a $500 trillion market cap. That is 23 something,
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  $1,000,000. Of course, we don't have a time
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  frame, but you could suspect he's probably thinking, I don't
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  know, 20-30 years down the line here, which, hey, for most of us
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  young people, I think we'll be OK with that.
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  I think we'll be OK with our stacks if we get to those
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  numbers. Maybe this is in our
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  grandchildren's lifetime. I mean, that's why he was making
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  that case during that episode where he was basically saying
• 14:45
  like during that, that keynote, like guys like focus, right?
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  Like, you know, don't get distracted, you know, one of the
• 14:53
  biggest entrepreneur, one of the biggest mistakes entrepreneurs
• 14:56
  make is they get married to the idea.
• 14:59
  And you have to realize like right now, like there's this
• 15:04
  amazing opportunity with Bitcoin for you to buy Bitcoin and you
• 15:09
  know, don't don't miss on that opportunity.
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  Now, does that mean that you shouldn't go to work or you
• 15:14
  shouldn't try to start a business?
• 15:16
  No, that's not what it means at all.
• 15:18
  What it does mean though, is that keep in mind that like, if
• 15:24
  you're going to go all in on a business, right?
• 15:27
  Like before Bitcoin, you know, go for it.
• 15:32
  But after Bitcoin, keep in mind that, you know, if you, you're
• 15:36
  one of those privileged people that have $100,000 lying around,
• 15:39
  very few people, right? Or, or you know, 10 grand lying
• 15:43
  around, just keep in mind that in 20 years, you know, 1020
• 15:48
  years, we're we're talking about million dollar, $20 million
• 15:52
  Bitcoin, right? And that's what he's talking
• 15:55
  about, right? So, yeah, man.
• 15:57
  And, and look, and I, I'll say this too, guys, like, I think
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  Bitcoin is mainstream at this point.
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  This is no longer this like cypherpunk.
• 16:07
  And we're going to talk about this during the news, by the
• 16:09
  way. It's no longer this like
• 16:10
  underground cypherpunk movement. You have governments embracing
• 16:16
  it. You had a, a, a keynote by
• 16:19
  someone representing the, the government of Pakistan basically
• 16:22
  saying Pakistan is going to launch a strategic Bitcoin
• 16:25
  reserve. So it's starting to snowball.
• 16:29
  You have public companies that have Bitcoin on their balance
• 16:31
  sheet. I was talking to someone who's
• 16:33
  extremely intelligent, worked in the industry.
• 16:35
  Oh, it was the CEO of Strive. And he said, I believe in the
• 16:39
  next five years, basically every company's gonna have Bitcoin on
• 16:45
  their balance sheet. Or, sorry, half of every
• 16:47
  company's gonna have Bitcoin on their balance sheet, right.
• 16:50
  So it's gonna be crazy. We're gonna be dropping
• 16:52
  interviews all week, all the next two weeks, really.
• 16:56
  I interviewed Peter Schiff. That was funny.
• 16:59
  I interviewed. He actually made some pretty
• 17:01
  good points. When we'll, and I'll, I'll show
• 17:03
  you guys the videos and we'll talk about it.
• 17:05
  I disagree with him. He, he's obviously still like
• 17:08
  doubling down on like the whole gold thing.
• 17:12
  I, I said Bitcoin's better, obviously.
• 17:14
  But he did make some good points.
• 17:16
  I interviewed Scottie Pippen, which was, yeah, that was crazy.
• 17:19
  That was, that was like, I did not, I could never have imagined
• 17:23
  that. And you just walk by our booth,
• 17:25
  right? Totally unplanned.
• 17:27
  So yeah, it was a great conference overall.
• 17:30
  I don't think Opti and I have worked this hard ever.
• 17:34
  You know, just non-stop. All right, let, let, let, let's
• 17:36
  talk about that in the culture. We'll talk about the culture.
• 17:38
  But Nika, the second point that I that I wanted to make is if
• 17:43
  you take what Saylor said, but you put it more in like an
• 17:45
  Austrian economic sense. It's the idea that, you know,
• 17:49
  cash is 1/2 of every transaction in the world or money rather is
• 17:52
  1/2 of every transaction in the world.
• 17:54
  And so I think Sailor is essentially saying what we've
• 17:57
  all been saying for a long time. And further along our actually,
• 18:01
  it might have been a different speech or presentation that he
• 18:04
  did. And someone put it on Twitter.
• 18:07
  And I don't know why it clicked me or hit or hit me in this way,
• 18:11
  but I, I've been kind of alluding to this on the show for
• 18:14
  a while that the way that Sailor communicates, he's not
• 18:18
  necessarily talking to the everyday average person.
• 18:21
  What he's doing is he's projecting the Bitcoin message
• 18:24
  in such a way that the CE OS of Strive or Larry Fink or Donald
• 18:29
  Trump, etcetera. The, the president or I, I
• 18:31
  forget Prime Minister, I, I'm not sure what the leader or the,
• 18:35
  I think I'm going to call him president of Pakistan was saying
• 18:38
  about a strategic Bitcoin reserve.
• 18:40
  The way he framed his sailor's mimetics is not for the everyday
• 18:44
  average person. It's what he's been saying
• 18:47
  recently that he is here to save the credit markets.
• 18:49
  Of course, he came in at first full Bitcoin memes.
• 18:52
  I'm here to fix the money. And now he's kind of iterated
• 18:56
  and said I'm here to fix the credit markets, the capital
• 18:59
  markets. And I think when you read it in
• 19:03
  these terms, a lot of the stuff he's doing, I don't want to be
• 19:06
  like a sailor 5D chess guy, but he's speaking and communicating
• 19:10
  in a certain way so that the high net worth, the very high IQ
• 19:15
  people in the room, or rather on planet Earth can fully
• 19:18
  understand what we're saying, speaking in their words.
• 19:21
  And this is something that I've been saying forever on this
• 19:23
  show. If you want to catch a fish, you
• 19:26
  got to bait the hook for the fish you're trying to catch.
• 19:29
  And this is what he's doing. So again, we can't understate
• 19:33
  what sailors done. Yes, she's kind of been in hot
• 19:35
  water the last week. All the plebs out there, all the
• 19:38
  toxic Bitcoin maximalist are like what, bro?
• 19:41
  What do you mean? I know, I know even Nico was
• 19:43
  like, I don't know about this take here.
• 19:46
  And I'm like, look, I don't, I, I can't even pretend to
• 19:50
  understand what he's saying. But from my gut feeling and from
• 19:54
  the examples we have, you know, proof of reserve seems pretty
• 19:58
  simple to me. And everyone's freaking out.
• 20:00
  But again, I think this is just kind of an indicator of where we
• 20:03
  are in the markets right now, where bitcoiners we're, we're so
• 20:07
  good at arguing with each other about stuff that really is
• 20:10
  pointless. I mean like bro, but like.
• 20:12
  It's because the price is going sideways and it's not popping
• 20:15
  Nico the. Thing is like so another very
• 20:17
  well known Bitcoin treasury company their CEO, one of the
• 20:22
  top three right their CEO went on public and said we're going
• 20:27
  to make our reserves public right so this is the beauty of
• 20:31
  market forces. Obviously, he knows that
• 20:32
  bitcoiners didn't react well to what Sailor was saying.
• 20:36
  So you know, again, like, what's he going to say there, right?
• 20:40
  Like I'm telling you guys like, look, I, I like. 42,000,000 I'm.
• 20:44
  Just looking at it from like a first principles perspective,
• 20:47
  like just basics like I get IT, security this and that, but like
• 20:52
  if tether is like Paulo's just copy pasting the tether address
• 20:58
  like responding to someone and it literally goes to an address
• 21:01
  that has 92,000 coins. Like I mean like we all know
• 21:06
  like the Binance address is public.
• 21:08
  Like the Gemini address is public.
• 21:10
  Like those are all public addresses, right?
• 21:12
  The Coinbase address is public. Like this is the beauty of
• 21:15
  Bitcoin. Like again, Sailor has much more
• 21:18
  experience than me in public markets and public companies.
• 21:20
  And again, this might be above my pay grade, but like just from
• 21:23
  a purely first principles, kind of like common sense maybe type
• 21:29
  of perspective, I'm just kind of like, you know, that's
• 21:30
  interesting. Anyway, one last thing, Mika, it
• 21:33
  is. It is Friday, so we have to give
• 21:35
  the people what they want. Oh, he's got a meme.
• 21:37
  And. It's hardly a meme.
• 21:41
  This is more chart boy, but OK. Let's let's check out some opium
• 21:45
  before we move on to the next segment.
• 21:47
  I also do want to give a shout out.
• 21:48
  Thank you for the Super chat Mexico huddle 10 go free.
• 21:52
  How less in my cool low. Thank you bro.
• 21:55
  Appreciate the $10 dude. Thank you for saying you so.
• 21:58
  Much. Was that a seed phrase?
• 21:59
  What's going on there? I have no idea.
• 22:01
  Anyways, also almost 2000 live viewers.
• 22:04
  If you guys are enjoying us on YouTube, make sure to smash that
• 22:06
  like button. I think we're at 100 likes or
• 22:08
  so. Help us break 150 likes by the
• 22:11
  time we reach the 30 minute mark.
• 22:14
  And of course, shout out to the Rumble audience as well. 87 live
• 22:18
  viewers on Rumble. And of course, X like always is
• 22:21
  popping off anyways. So let's check this out.
• 22:28
  The next one I like and COVID, however it reads if it doesn't
• 22:31
  go into reading the chats. By the way, the Rumble, the
• 22:34
  Rumble chats are crazy. Nico is low energy.
• 22:40
  What happened to Nico? This is hilarious.
• 22:45
  No look the rumble. The the rumble shows Nikko pass
• 22:49
  Overton window out the Overton door and down the Overton Rd.
• 22:54
  This is hilarious. Who is this?
• 22:57
  Where is Nikko Kaiser? This is Nikko's stable.
• 23:00
  Yeah, yeah, calling Nikko Nikko Kaiser on the rumble stream was
• 23:05
  hilarious. That that was good.
• 23:06
  This is hilarious. Well, look, so on the floor of
• 23:09
  the conference, me and Opti didn't have headphones.
• 23:12
  So like we literally were yelling at each other.
• 23:14
  And then when you yell, I guess you get more, you're more more
• 23:18
  motivated. Anyways, so let's talk about
• 23:20
  this. Look, I don't like charts, but
• 23:25
  there seems to be some type of correlation between global M2
• 23:29
  and BTC. And it seems like it's been
• 23:33
  following it for quite a while now and there is a little bit of
• 23:37
  a lag. So global M2 goes higher and
• 23:41
  then BTC kind of follows it a little bit later.
• 23:43
  And it seems like it's been doing just that, right?
• 23:46
  So you know, if it keeps going in that direction, you know you
• 23:49
  guys could see it. For the audio listeners we know
• 23:52
  we might see roughly 200K by the end of the.
• 23:55
  Year in 90 days. In, oh, in 90 days, yeah.
• 23:59
  It says here global M2 money supply offset by 887 days.
• 24:03
  So if this follows through 90 days 200K.
• 24:08
  Now that's some real clickbait scamming for you guys.
• 24:11
  There there seems to be a correlation.
• 24:13
  Now one of the things too that I want to point out as well is
• 24:18
  which is quite interesting is the wow, I totally just blanked,
• 24:24
  man, I I want I had something really interesting to say.
• 24:27
  Now we know you're lying. No, I had something, I had
• 24:32
  something really interesting to say.
• 24:35
  Oh, yes, OK, now I remember the bonds, right?
• 24:39
  The US government right now, we read, we read you guys a Yahoo
• 24:42
  Finance article that essentially the US government has been
• 24:48
  they've been struggling to to essentially sell their bonds and
• 24:52
  the Fed has been quietly buying those bonds.
• 24:55
  So like I'll translate that. That means money printing,
• 24:58
  right? Because how are they going to
• 24:59
  buy the bonds without printing money, right?
• 25:00
  What what are they going to buy the bonds with, right?
• 25:02
  So yeah, I mean that Bitcoin looks good.
• 25:06
  I know it's a little bit slow. I know this the the
• 25:09
  volatilities, you know, decrease a little bit.
• 25:11
  But you know, Michael Saylor said it best lower your time
• 25:14
  preference. And I think I think you know, up
• 25:18
  to Valhalla, like our boy Rustin always says, we just broke 101
• 25:22
  likes and on the verge of breaking 500 live viewers on
• 25:24
  YouTube. Smash that like button guys.
• 25:27
  We have a jam packed show for you guys.
• 25:29
  We're gonna cover multiple things.
• 25:31
  We have a clip from Rook Luke Rotkowski.
• 25:36
  I hope. Yeah.
• 25:37
  Yeah. I love Rotkowski.
• 25:38
  Yeah. Hopefully I pronounced that
• 25:39
  correctly. I saw someone talking about the
• 25:42
  Overton window. We're gonna be talking about
• 25:44
  that during during the numbers segment.
• 25:48
  Then during the news segment, we're going to be talking about
• 25:51
  something interesting, which is like, this is what I was saying
• 25:54
  in the beginning of the show. Like Bitcoin isn't really
• 25:58
  counterculture. Like this is mainstream.
• 26:01
  You have politicians, you have corporations.
• 26:03
  Speaking of Bitcoin conferences, this is not what it was five
• 26:06
  years ago. Clearly it's changed.
• 26:08
  I think David Bailey said it best.
• 26:09
  This is like what happens when your favorite band goes
• 26:12
  mainstream. Now does that mean that it's
• 26:15
  less exciting? No, I think it's more important
• 26:18
  than ever to just keep in mind like, not your keys, not your
• 26:21
  cheese, right? So anyways guys, before we start
• 26:25
  the show, I do of course want to give a extremely special shout
• 26:30
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  not allowing you to huddle your Bitcoin for the long haul.
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  I mean here is the plate that they crushed, they put in water,
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  today. All right everybody, we are
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  back. Guys, go to stampse-ed.com.
• 29:39
  We just broke 2000 live viewers on the live stream.
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  Smash that like button. If you guys are enjoying the
• 29:44
  show, scan the QR code on your screen.
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  Ladies and gentlemen will take you directly to the stamp
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  off anything on the website. At the time of recording the
• 29:57
  Bitcoin price is 100 and $4100. Definitely having a little bit
• 30:03
  of a dip after the Bitcoin conference.
• 30:05
  Not. Different.
• 30:06
  Not surprising whatsoever, but compared to previously years,
• 30:10
  this ain't so bad. We're still above 100K block
• 30:13
  height 899,000 91, so that's per dollar 961 market cap 2.07
• 30:20
  trillion Bitcoin versus gold market cap 8.95% percentage
• 30:24
  issued 94.62% decline from all time high -7% realized monetary
• 30:31
  inflation .85%. The grand scheme of things, we
• 30:35
  are just getting started anyways.
• 30:36
  There's so much amazing panel, so much amazing content at the
• 30:40
  Bitcoin conference. I'm sure we're going to be
• 30:41
  covering it over the next week or two, but you guys know, and
• 30:46
  the Rumble chat was kind of making fun of me a little bit.
• 30:49
  You guys know that I love talking about the Overton
• 30:52
  window, the Overton windows, again, the acceptable window of
• 30:55
  discourse. And just because Bitcoin is on
• 30:58
  the verge or is in the process of becoming mainstream doesn't
• 31:02
  mean that our jobs are done yet. Because again, our goal, what we
• 31:07
  really want here is to raise awareness, raise awareness to
• 31:12
  the people, to every single one of you guys about inflation,
• 31:16
  because I don't think governments can explain that
• 31:19
  away, right? You know, it's not in the social
• 31:22
  contract. We agreed to income tax, whether
• 31:25
  you like it or you dislike it, we agreed to property tax.
• 31:27
  It's in law, right? But I don't think anyone has
• 31:31
  agreed to money tax. Like that wasn't part of the
• 31:34
  equation. Like people are not aware of
• 31:36
  that, right? So you have to pay income tax,
• 31:37
  you have to pay property tax, and you have to pay money tax.
• 31:39
  Like, you know, so we have to raise awareness.
• 31:45
  And again, in what makes it a little bit more sinister as well
• 31:49
  is like everyone knows about income tax, everyone knows about
• 31:53
  property tax. The way that politicians discuss
• 31:56
  inflation, it's like they, they talk about it like it's a, it's
• 32:00
  like a part of nature. They blame it on everything and
• 32:03
  everyone but themselves. But fundamentally, the only
• 32:06
  thing that causes inflation is increasing the money supply.
• 32:10
  Who was the only one that can increase the money supply?
• 32:14
  Who's the only one, right? It's the state, it's the
• 32:16
  government, right? So there's nothing wrong with
• 32:19
  that. But you know, let's raise
• 32:21
  awareness. Anyways.
• 32:22
  I'm going to play you guys this clip and then we'll talk about
• 32:23
  it. There's there's talk in this
• 32:26
  like crypto Bitcoin space about people being rugged.
• 32:29
  I'm like, have you heard of what happened after 911 with the
• 32:33
  biggest transfer of wealth in recorded American history with
• 32:37
  the Pentagon missing trillions of dollars?
• 32:40
  People are saying Oh no, but this other crap coin is going to
• 32:43
  take your money. Have you heard of what happened
• 32:45
  in 2008? Have you heard of what happened
• 32:48
  in Kovid? I think it's pretty clear that
• 32:50
  the institutions have been robbing us blind.
• 32:54
  We have been screwed over and they are the ones rug pulling
• 32:58
  all of us and Bitcoin is the alternative to finally some of
• 33:04
  us uplifting ourselves from this global Ponzi scheme that all of
• 33:09
  us are forced to live into by these predators, a part of the
• 33:12
  banking class that are all. Right, I'm going to leave it
• 33:17
  there. All right, So, Gee, I didn't
• 33:23
  know that was so hardcore. Wow.
• 33:30
  So anyways, lots to unpack there.
• 33:32
  Why didn't you tell me, Abdi? I didn't tell you to put that
• 33:38
  video in, I just put it in the show notes.
• 33:39
  Oh man, RIP YouTube. So I mean, Luke's, Luke's like
• 33:50
  I'm just going to talk about 2008.
• 33:53
  I mean, like, he's right 100%. He's right 100%.
• 34:01
  Like what happened in 2008, man, is like, you know, it was, it
• 34:07
  was a crime against our generation.
• 34:09
  You know, it was really, really bad, right?
• 34:13
  You know, like they, they bailed out the big banks at the expense
• 34:17
  of Main Street. And you know what my generation
• 34:20
  hasn't recovered since. I see people basically saying
• 34:23
  like no days off for simply Bitcoin.
• 34:25
  Whoa, guys, we, we haven't taken a day off.
• 34:28
  We've been streaming every single day, but for three days,
• 34:32
  Tuesday, Wednesday and Thursday, we were streaming to, we were
• 34:36
  streaming just to Rumble because they were kind enough to let us,
• 34:40
  you know, stream at their booth. And we were like totally
• 34:43
  uncensored. Yeah, we were.
• 34:46
  We were able to say some things outside of the Overton window.
• 34:51
  So anyhow, Opti, I do, I do wanna, I do wanna get your take,
• 34:54
  man, about 2008, about what Luke was saying about 2008.
• 34:58
  Like, what's your take? What's your opinion on that?
• 35:02
  Like, because I, I, I fundamentally agree with him,
• 35:04
  with him. And like, you know, like we've
• 35:07
  been, we've been robbed. Like we've been robbed.
• 35:10
  It's, it's been, it's been bad. And the fact that that level of
• 35:13
  discourse is happening at the same conference that, you know,
• 35:17
  a a, a vice president is speaking at, I think is a very
• 35:21
  big deal. Yeah, well, first of all, I saw
• 35:24
  a lot of people on Twitter, you know, giving the Bitcoin mag
• 35:28
  conference, a lot of a lot of Flack for some of the stuff said
• 35:31
  and some of the the people talking on the mainstage.
• 35:35
  But some of the clips that I saw like this Luke Rodkowski video,
• 35:38
  it's like this is the message. And this is what I this is
• 35:41
  essentially what I try to tell people all the time.
• 35:44
  But as we always talk about, when you say certain things like
• 35:47
  this, everyone looks at you like you're some crazy conspiracy
• 35:50
  theorist and you're like, no, like this is all facts.
• 35:52
  This is factual based stuff here.
• 35:54
  This is exactly what's going on, but most of the people aren't
• 35:58
  ready for this. And it really reminds me of the
• 36:00
  Matrix meme, you know, like, yes, cliche, Bitcoin are using
• 36:03
  the Matrix meme. Most people aren't ready to
• 36:05
  unplug. But I think we're getting to a
• 36:07
  point now where people are starting to at least at the very
• 36:12
  least feel that there is something wrong.
• 36:15
  And that is the first step for them to continue down the path
• 36:18
  to unplug. But what Luke was saying,
• 36:23
  exactly what I've been saying, it's exactly my worldview.
• 36:26
  Here we are living in the biggest global Ponzi in the
• 36:29
  world. And that is because of the Fiat
• 36:31
  system. If you understand how the
• 36:33
  traditional financial system works or bond markets and
• 36:36
  derivatives, you realize, or or you know, not to get too
• 36:40
  conspiratorial here, Nico, but the the whole idea of your
• 36:44
  Social Security numbers you we are all collateralized here is
• 36:48
  this is all a global Ponzi scheme and it is the greatest
• 36:51
  wealth transfer we've ever seen since the creations of the
• 36:55
  central banks, you know, since 1913, since the creation of the
• 36:58
  Federal Reserve and really again 1971, the divide from the haves
• 37:03
  and the have nots is bigger than it's ever been in the last, you
• 37:07
  know, five years since 2020, we've seen something super
• 37:11
  similar where the mega rich and the mega rich corporations,
• 37:15
  they're making all the profits and everyone else is getting the
• 37:18
  crumbs like this is it's why we always say fix the money.
• 37:21
  It's a concealing effect. Yeah, yeah.
• 37:24
  What I I think even that word is too big.
• 37:26
  You know multi syllable words is is too much for 45 IQ people
• 37:29
  like me. I asked ChatGPT this question.
• 37:32
  I said it's like I have to get on a 5 hour flight back-to-back
• 37:36
  to South Florida later today and I and I asked ChatGPT this.
• 37:41
  I was like, why has commercial airlines like got in so bad?
• 37:48
  And please answer this question from Safedeen's perspective.
• 37:52
  And it literally just broke down how essentially Fiat
• 37:56
  incentivizes all these companies to just cut costs, cut costs,
• 38:02
  increase profit, and actually not do good by their customers.
• 38:06
  Like, it was a really thorough kind of breakdown.
• 38:08
  Fiat's breaking everything, guys.
• 38:10
  Like I used to play video games a lot.
• 38:12
  Not not so much anymore, but one of the things that I've noticed
• 38:16
  is that the the, the, the just game degradation has just gone
• 38:20
  down. Like it's just think the quality
• 38:22
  of things have just gone down in.
• 38:23
  Where's GTA 6? That's all I want to know.
• 38:27
  That like, you know, so anyways, guys, it's going to be a great
• 38:30
  show. We're going to hit the news.
• 38:32
  We're going to be right back in just a second.
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  back. We're here in the beautiful Las
• 40:47
  Vegas. As you can see, you guys can see
• 40:49
  the strip behind us. That's not a green screen.
• 40:52
  Moving forward, Opti and I are going to be doing the show
• 40:54
  together in person in South Florida.
• 40:57
  It's going to be awesome. No more remote shows.
• 41:00
  We have some surprises stored for you guys going to be
• 41:02
  absolutely crazy. We're flying back tonight, but
• 41:06
  the show must go on, you guys. We, you guys know we don't skip
• 41:09
  a beat regardless of conferences.
• 41:10
  We we try to do it. We try to make the show every
• 41:13
  single single time and it's been incredibly brutal.
• 41:18
  But I do want to give this this Ali Berber on on Rumble said
• 41:24
  Opti is actually a hidden genius.
• 41:26
  Plays dumb. He guards it like a seed phrase,
• 41:29
  100th. Hey Elaine, stop blowing my
• 41:33
  cover, 1100. Percent Opti Opti is actually a
• 41:37
  hidden genius. Plays dumb and he guards it is
• 41:39
  100% true. By the way, do you guys know?
• 41:41
  That not a genius. Opti is a 160 IQ philosopher.
• 41:46
  This is not true. This is not true.
• 41:48
  He. Says he's 80 IQ so that people
• 41:50
  leave him alone and don't message him on the orange a lot.
• 41:57
  Stop, stop. Get to the news story.
• 41:59
  Stop this. All right, everybody, let's get
• 42:02
  to the news story. No more delay.
• 42:05
  So let's talk about this. Oh, I don't know why it's out
• 42:07
  there. Here it is all right, so let's
• 42:10
  talk about it. By the way, smash the like many
• 42:11
  of you guys are enjoying the show.
• 42:12
  We're at 100 and 4045 likes. Help us break 200 likes by the
• 42:16
  time the show ends and let's get into the news story.
• 42:19
  I I like this news story kind of resonated resonated with me a
• 42:22
  little bit. It's an opinion piece.
• 42:25
  It's on cryptoslate.com. The headline is, is this still
• 42:29
  Satoshi's Bitcoin Bitcoin conference keynotes dominated by
• 42:33
  politicians and corporations. It goes on to say Vegas glitters
• 42:37
  differently when 30,000 badge wearing bitcoiners clog the
• 42:41
  marble concourses of the Venetian screens flashing a
• 42:45
  frothy 105 to 106 K tape for BTC and every special line buzzing
• 42:50
  with hash rate. Small talk three day festivals
• 42:53
  usually disperse into noise, yet this one this one distilled a
• 42:57
  single theme. The conversation has vaulted
• 43:00
  beyond legitimacy questions. Governments, regulators and mega
• 43:04
  corps now jostle over integration, taxation and
• 43:08
  monetization. Quote Tether will be the biggest
• 43:11
  Bitcoin miner in the in the world, says the CEO of Tether,
• 43:14
  recounting to $13 billion in profit and revealing more than
• 43:17
  100,000 Bitcoin that we own as a company before tossing off a
• 43:22
  maxim maximalist haiku Bitcoin is perfect, gold is imperfect.
• 43:26
  I don't know that's a that's a nice haiku I like that I'm going
• 43:29
  to I should have said that to Peter Schiff bro what the heck
• 43:31
  Bitcoin is perfect gold is imperfect.
• 43:33
  I should have said that investors inhaled the news of a
• 43:36
  further $2 billion sunk into energy projects, sensing a
• 43:40
  stable coin juggernaut pivoting from liquidity plumbing to
• 43:45
  literal dig the ground infrastructure.
• 43:49
  It goes on to say across the Isle of Nations flags.
• 43:52
  Pakistan's special assistant declared.
• 43:55
  Today I announced that Pakistani government is setting up their
• 43:58
  own government LED Bitcoin strategic reserve.
• 44:01
  We will be. Holding these coins and we will
• 44:03
  never sell them like that. That's that's effing wild.
• 44:06
  Pakistan's actually a really big country by the way, guys has a
• 44:09
  lot of people pretty powerful too.
• 44:14
  I think they have nuclear weapons.
• 44:16
  I think them and, and India anyways, Union Jack's propped.
• 44:21
  Union Jack's propped next with Nigel, Farage said.
• 44:24
  We are the first political party in Britain that can accept
• 44:28
  donations in Bitcoin and I think he, I think what's the name of
• 44:31
  his political party, It's not Nigel.
• 44:33
  Farage. It's not the Tories, it's not
• 44:34
  the Liberals. I.
• 44:36
  Don't know cares about UK politics.
• 44:40
  It's an alternative. We do.
• 44:42
  We care about UK politics but we care about everyone.
• 44:47
  Opti, Opti's being mean. Opti, Opti's just tired.
• 44:50
  I'm tired. Opti's just tired.
• 44:52
  Opti doesn't want to. Opti doesn't want to be in
• 44:53
  Vegas. The crowd roared.
• 44:56
  Half the policy, half for the policy, half for the spectacular
• 44:59
  of a Westminster veteran recruiting Hoddlers.
• 45:02
  Faraj framed Westminster stagnation as an opening for a
• 45:06
  crypto powered populist insurgency promising A crypto
• 45:10
  powerhouse future. However, with only five MPs and
• 45:13
  a recent poll putting Farage at the the bottom of the pile of
• 45:17
  voter preferred prime ministers, it's the power of his rhetoric
• 45:21
  and waking up the major political parties, the true
• 45:24
  importance of Bitcoin in his speech that is most
• 45:27
  consequential here. It goes on to say regulatory
• 45:30
  mood music soften and Tatum SEC Commissioner Hester Pierce
• 45:34
  conceded, quote, we need to create a good environment for
• 45:37
  the good actors and a bad one for the bad actors.
• 45:40
  Warning that enforcement by ambiguity chases innovators
• 45:44
  offshore and later hammered this point.
• 45:47
  We can't ignore it. Value with will eventually be
• 45:50
  incorporated into traditional financial products.
• 45:53
  Quote her dry jab at mean traders.
• 45:57
  Quote, if you want to speculate, go for it.
• 45:59
  Don't come complaining to the government, it goes on to say.
• 46:03
  Builders match the policy tempo Arc Lab CEO unveiled arcade
• 46:08
  Arcod Arcade describing it how it virtualizes bitcoins
• 46:12
  transaction layer. It goes on to say even the
• 46:14
  organized chase headlines firing up a Guinness World Records
• 46:18
  attempt for the most Bitcoin transactions in a single day on
• 46:22
  an on chain carnival. That pairs nicely with the
• 46:25
  conference's Hashi heavy policy hungry mood.
• 46:29
  It goes on to say as attendees walked out into the Nevada dusk,
• 46:33
  some may have noticed that the narrative arc now resembles
• 46:36
  urban planning more than rebellion.
• 46:39
  Zoning boards, tax codes and energy grids are the new
• 46:42
  battlefields. This is a progress of a sort.
• 46:45
  The one suspects the Bitcoiners will miss the Outlaw Adrenaline
• 46:49
  once the paper sets in. It goes on to say Michael Saylor
• 46:53
  delivered his keynote on the opening day of Bitcoin 2025.
• 46:57
  His quote 21 ways to wealth speech was a highlight of the
• 47:01
  industry of the Events Industry day.
• 47:04
  Saylor emphasized Bitcoins role as a transformative financial
• 47:08
  asset and urged corporations to adopt it as a primary treasury
• 47:13
  reserve. He stated take your Fiat
• 47:15
  currency, trade it for Bitcoin, sell your bonds, sell your
• 47:18
  inferior real estate property, buy Bitcoin and other high
• 47:22
  profile moments. Vice President JD Vance laid out
• 47:25
  a strategic Bitcoin reserve as the next plank of America's
• 47:27
  resilience, declaring that financial sovereignty now
• 47:30
  outranks budget scaremongering and Washington Washington's
• 47:35
  pecking order. And it just keeps going.
• 47:37
  Robin Hood founder Vlad Tenek sketched out an AI fueled future
• 47:43
  of single person companies. Finally, White House crypto and
• 47:48
  AI SAR David Sacks reminded attendees that presidential
• 47:52
  authorization already exists, adding it quote if either
• 47:55
  treasury or commerce can figure out how to fund it without
• 47:59
  adding to that, then they are allowed to create these
• 48:02
  programs. Essentially referring to
• 48:04
  President Trump, his administration's plan to acquire
• 48:08
  more Bitcoin and budget neutral ways.
• 48:10
  We've heard Bo Hines talk about this as well.
• 48:12
  And you know, but I will say this.
• 48:15
  Wait, read that last paragraph. Oh, we just got.
• 48:18
  Yeah, yeah, we'll hit that. Read that.
• 48:20
  Read that last paragraph. Holy shit.
• 48:21
  Geebus, Jan, thank you so much for the $100.
• 48:27
  Really appreciate it. Really, really appreciate it.
• 48:30
  Thank you so much. Thank you so much for the
• 48:32
  support, James to kiss, to say says are you?
• 48:37
  Are you in Treasure Island? No, but it's behind us.
• 48:40
  No. Is it behind us?
• 48:43
  Yeah, it is behind us. But no, we're not going to tell
• 48:45
  you our hotel. We're in, bro.
• 48:46
  Come on. Come on now.
• 48:47
  Guys, we, we pretty much just docked ourselves.
• 48:50
  Nah, they could figure it out. So.
• 48:54
  Right, read this last paragraph. This is the kicker.
• 48:58
  Oh, OK, Is Bitcoin still cyberpunk?
• 49:01
  I can't shake the lingering concern that the keynotes
• 49:04
  focused almost entirely on Bitcoin propaganda and political
• 49:08
  posturing rather than protocol development, security, and
• 49:10
  decentralization. I'm all for helping to educate
• 49:13
  the world on the importance of bitcoinization, but I'm
• 49:16
  wondering how the Bitcoin conference headliners are doing
• 49:18
  that. Indeed, the headline talks
• 49:20
  energize the Bitcoin faithful in America, but I worry we're we're
• 49:24
  straying further and further from the Cipherfunk's ethos of
• 49:27
  Bitcoin's origins. Populist politicians with minor
• 49:31
  government roles continue using Bitcoin to garner votes, while
• 49:34
  corporations celebrate their Bitcoin stacks.
• 49:37
  Is this still Satoshi's Bitcoin? I think so, but we must continue
• 49:41
  to remind ourselves why we love Bitcoin and whether we truly
• 49:44
  advance advancing. The next 1 billion users are
• 49:47
  simply patting ourselves on the back for how high the price is
• 49:51
  this week. OK, great.
• 49:53
  You know, kind of great, great kind of like criticism of the
• 50:00
  conference. I'll say this guys, I think it
• 50:02
  was a fantastic conference because there is multiple
• 50:05
  stages. The Genesis stage had amazing
• 50:09
  talks. I had AI had one called Digital
• 50:13
  1776 with Eric Case on CJ and our boy G money.
• 50:20
  There is one with American Hoddle Eric Case on and whatever
• 50:24
  and they were, they were dropping fire.
• 50:27
  Like Satan case. On was dropping hot fire, so
• 50:31
  that cypherpunk ethos is definitely still there.
• 50:35
  You know, Luke went pretty wild on that mainstage.
• 50:38
  Like what he was just saying just now, Ross literally spoke.
• 50:42
  Ross spoke. So it's still there.
• 50:45
  Like that Rebellion is still inherently there.
• 50:47
  Now I understand the criticism where it's like, look, there's a
• 50:51
  vice president, there's publicly guys that comes with the
• 50:55
  territory. Like do you want hyper
• 50:58
  bitcoinization? Like this is the next step.
• 51:00
  Like Bitcoin was inevitably going to become political.
• 51:03
  Like it was inevitably going to enter into the political fray.
• 51:06
  It it like it is the separation of money and say like it, it's
• 51:08
  in the effing name, Bros and gals.
• 51:12
  This was this was this was inevitable that this was gonna
• 51:16
  happen. So yeah, I mean, like, come on
• 51:21
  now. Come on now.
• 51:23
  So I, I, I get it though. It's very well written article.
• 51:26
  Opti, what's your take? Before we get out to the
• 51:28
  culture, we'll wrap up today's show.
• 51:29
  Yeah, like it. It's very easy to nitpick the
• 51:32
  the mainstage at the Bitcoin Magazine conference.
• 51:36
  Obviously, as we saw, I'm, I'm sure you guys saw the meme,
• 51:39
  someone mashed together like this clip of the mainstage and
• 51:43
  they're like summing up the conversations on the mainstage.
• 51:46
  And it was just like stable coins, stable coins, stable
• 51:48
  coins. We're here for stable coins.
• 51:50
  Stable coins. I I personally like I'm a I'm a
• 51:53
  big. Fan of Well, well, I, I let's
• 51:56
  mute him. Let's mute him.
• 51:57
  I like Heather. Let's meet him.
• 51:58
  No, I mean. And further guys, go check out
• 52:01
  safety in Amos's speech on stable coins.
• 52:05
  He shat on Tedder, didn't he? No, not really.
• 52:08
  Like he, he kind of started and it seemed like he was.
• 52:11
  And then he basically said like, it's the Trojan horse.
• 52:15
  What? What happened?
• 52:16
  You've been saying it just the way he said it, the way he said
• 52:19
  it finally clicked. Nico, you can't speak as well
• 52:22
  anyways. Anyways, anyways, before because
• 52:23
  we, we do want to move on. We we kind of got to get out of
• 52:26
  here pretty soon. So I think this is like I, I
• 52:30
  think David Bailey kind of said it the best and I've been kind
• 52:34
  of trolling for a while. A lot of bit corners.
• 52:36
  They're having a hard time dealing with Bitcoin entering
• 52:39
  the mainstream. And I, I don't know if this is
• 52:41
  like a, a hipster type vibe, you know, like I like this band, but
• 52:46
  now they're mainstream and they sold out, bro.
• 52:48
  Like they, they've changed, man. I like the old, I like the old
• 52:51
  band, not the new band or whether it is some kind of
• 52:55
  deranged like loser mentality. Like we just like to be the
• 52:59
  underdogs. And now that we are getting
• 53:01
  acceptance, people have a hard time accepting the fact that we
• 53:04
  are taking over the world. I don't think that Bitcoin has
• 53:08
  fundamentally changed. I just think the narrative
• 53:10
  around Bitcoin has changed in the sense that this is what
• 53:13
  people are interested in. This is what gets people
• 53:16
  interested in Bitcoin, and this is what's going to get them down
• 53:19
  the door again. I had so many conversations with
• 53:21
  people at the conference basically saying it took Michael
• 53:25
  Saylor to to talk at his, you know, quarterly board meeting
• 53:29
  for me to understand what the hell Bitcoin was.
• 53:31
  You know, he literally, I was talking to I, I believe his name
• 53:35
  was Michael. And forgive me if I'm, if I'm
• 53:37
  mistaking this, but he is the CEO of Kuler Kulr.
• 53:41
  And he's like, yeah, my kid was telling me about Bitcoin and
• 53:44
  meme coins. And I'm like, yeah, whatever.
• 53:46
  And then I heard Michael Saylor talk about it and he's like,
• 53:49
  actually I need to smash by millions of dollars to protect
• 53:52
  my business. I just think this is the how the
• 53:54
  message is getting through to a whole new audience.
• 53:57
  I've been saying this for a long time on the show.
• 53:59
  If Bitcoiners, the current generation of Bitcoiners, the
• 54:02
  current influencers of bitcoiners, were as good as we
• 54:06
  think we are about spreading the Bitcoin message, then everyone
• 54:10
  would already be a Bitcoiner. I think this is more a fault on
• 54:13
  us as people that talk about Bitcoin then it is about Bitcoin
• 54:17
  losing its ethos. You need to understand what
• 54:21
  drives people and what gets them incentivized and inspired and
• 54:25
  motivated to stack Bitcoin. And for better or worse, the
• 54:28
  message that we've been saying for a long time has only been
• 54:31
  able to get us into it. It's got to evolve to get the
• 54:34
  next batch of people. But the point does remain the
• 54:37
  same. We can't lose the ethos.
• 54:39
  And This is why, you know, as much as we are part of the click
• 54:42
  bait cabal, we're click bait scammers.
• 54:44
  We constantly tell you guys to stack Bitcoin.
• 54:48
  Take it into. Self custody.
• 54:52
  I take that back. I take.
• 54:54
  Why? Why?
• 54:55
  I'm just, I'm just trolling. I'm just trolling because that's
• 54:57
  what they call us. I.
• 54:58
  Mean we're not. We're not.
• 54:59
  We're scamming you into profits. We're.
• 55:01
  Not scamming anyone. Nico, dude, Nico doesn't
• 55:04
  understand. No, Nico doesn't understand
• 55:07
  sarcasm. The framing.
• 55:08
  Nico doesn't understand sarcasm. He's he's literally an artist.
• 55:13
  He doesn't understand sarcasm. All right, let's let's get into
• 55:15
  it. Get go to the get the
• 55:17
  transition. To be fair, I am a little bit on
• 55:19
  the spectrum a little bit. I asked ChatGPT, I'm like ask me
• 55:23
  10 questions, you know? And yeah, so I am a little bit
• 55:27
  on the spectrum, but I'm proud of it.
• 55:28
  It's fine. It's fine.
• 55:29
  Anyways, guys, it's been a great show.
• 55:30
  We're gonna hit the culture. We'll be right back in just a
• 55:33
  second. I want to give a shout out to
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  All right, everybody, we are back.
• 57:38
  We're going to do a quick 5 to 10 minute debrief everything
• 57:42
  conference. Let's break it down.
• 57:45
  So we flew in on Monday and we Sunday, Sunday night we had a
• 57:53
  pretty dope Airbnb. I really liked it, but boy is
• 57:56
  Nevada hot and dry. And we set up, we set up the
• 58:00
  show on the Airbnb. That was a lot of fun the first
• 58:03
  day. Then the second day was crazy,
• 58:07
  man. It was so, so crazy. 5:00 AM
• 58:11
  till 11:00 PM. It was nuts.
• 58:13
  It was wild. It was crazy.
• 58:15
  I don't think I've that was that was AI don't know how many hour
• 58:18
  day that was. We literally put in like 12 to
• 58:21
  14 hour days. Yeah, So I started, woke up at
• 58:25
  5:00 AM prepping the show, getting everything ready, had to
• 58:28
  be at the Bitcoin conference at 8:15.
• 58:32
  I started off the stream with, I believe I was with.
• 58:39
  It was with Frank, Pete Russo and Marty.
• 58:43
  Marty Bent. We started off the stream.
• 58:46
  I did that. I had to get off the stage a
• 58:49
  little bit early because I had a call at 855, had the call, then
• 58:53
  me and Opti did the first show from the Rumble booth.
• 58:56
  That was a whole lot of fun. Yeah, shouts out the Rumble
• 58:59
  team. They're.
• 58:59
  Goaded, yeah, they, they really took care of us.
• 59:02
  I really appreciate that. And then yeah, second day was
• 59:07
  pretty madness as well. Oh, I had a panel earlier on in
• 59:11
  the day with with G money. That was a lot of fun.
• 59:13
  Digital 1776 Eric case on went off it was yeah it and just
• 59:20
  interviews back-to-back like 88 interviews in a row every single
• 59:24
  day. But I got to the highlight was
• 59:27
  that I got to interview Scottie Pippen.
• 59:29
  Man, that was crazy. Did not expect that six time NBA
• 59:34
  champion. I actually have the picture.
• 59:37
  Shuts out wine for making it happen, Yeah.
• 59:39
  Was it wine? Yeah, Wine lit it out.
• 59:41
  You guys want to hear a funny story?
• 59:43
  So we're in the press lounge. Scottie Pippen walks in.
• 59:47
  And I, I wasn't there, but this is what I'm hearing.
• 59:49
  And Wine, just like he walks up. Our whole team's there.
• 59:53
  And Wine just bluntly looks over to him.
• 59:57
  I don't know if he said anything more or this is all he said.
• 59:59
  And he's just looks up, literally looks up.
• 1:00:02
  And he's like, oh. Why haven't you been on our
• 1:00:06
  show, bro? And he's like, all right, let's
• 1:00:10
  do it right now. Jumped on.
• 1:00:12
  It was super cool. It was pretty amazing.
• 1:00:15
  Yeah, I should have asked him for for price predictions, we're
• 1:00:17
  like Scottie, Scottie Pippen. I asked him about his dreams.
• 1:00:21
  Guys. Dude, that was crazy.
• 1:00:24
  That was a highlight for me. And then check this out.
• 1:00:28
  I interviewed, I interviewed Peter Schiff.
• 1:00:32
  Now Peter Schiff actually had a really good point.
• 1:00:35
  Now I think he's going to be proven wrong long term, but he
• 1:00:43
  he actually had a really good point and I think we still have
• 1:00:46
  a ways to go. So what is that point that he
• 1:00:49
  made? So Peter Schiff actually
• 1:00:53
  correctly pointed out that Bitcoin has not made all time
• 1:00:57
  highs if you price it in gold. So essentially we've kind of
• 1:01:03
  been going sideways since, you know, for for a minute now,
• 1:01:09
  right? And and yeah, I mean, he was
• 1:01:16
  right. He was right about, you know,
• 1:01:18
  his his thing, right? If you price it in gold, Bitcoin
• 1:01:22
  is essentially right back where it was in 2021.
• 1:01:27
  So, yeah, I mean, I still think, I still think we still got a
• 1:01:32
  ways to go during this bull market.
• 1:01:34
  And I had to concede on that point because Peter was right.
• 1:01:37
  Now he talks about how, you know, a Ponzi scheme needs more
• 1:01:42
  and more buyers and he's trying to equate Bitcoin to a Ponzi.
• 1:01:45
  And I pushed him back on that. He was like, you should
• 1:01:49
  diversify. And I was like, I kind of
• 1:01:50
  laughed. I did also flex.
• 1:01:53
  On a 20K bracelet on you? It's interesting too, like he
• 1:01:57
  kind of made an argument where it's like, you see, I like I
• 1:02:00
  could wear this 20K bracelet in my hand and I could just take it
• 1:02:06
  with me and I'm like, all right, dude, try crossing a border from
• 1:02:10
  a country that's falling apart and let me know if they let you
• 1:02:13
  keep that 20 K bracelet, bro, I could literally memorize 12
• 1:02:16
  words in my head and I could take my money with you.
• 1:02:18
  That's super empowering. So that argument fell flat.
• 1:02:22
  But I, I did agree with him. I said, dude, I like physical
• 1:02:24
  gold, just not as much as Bitcoin.
• 1:02:27
  Like I like Bitcoin way better, right?
• 1:02:29
  But I like physical gold is dope.
• 1:02:31
  Like to hold it in your hands and stuff.
• 1:02:33
  Like would I put a large percentage of my net worth in
• 1:02:35
  it? No, but it's cool.
• 1:02:38
  Like, it's kind of like doomsday stuff, you know?
• 1:02:41
  Dude, you're just. Hispanic, so like, you know,
• 1:02:44
  gold bars, like, you know, those little tiny ones, like whatever,
• 1:02:47
  like I, I, I like them. They're pretty cool.
• 1:02:49
  Now, is it as good as Bitcoin? No.
• 1:02:51
  Or would I have a lot of money in them?
• 1:02:53
  No, but I do like them. I just, I just think that gold
• 1:02:59
  was like it tried to serve what the function that Bitcoin is
• 1:03:03
  serving now. And there's a lot of people
• 1:03:06
  committed to the whole gold train, but they like they just,
• 1:03:10
  I get them. I get them, right, because all
• 1:03:13
  of Peter Schiff's arguments have been correct.
• 1:03:16
  The only part where he's faltered is like Bitcoin not
• 1:03:21
  being better than gold. But I don't blame him like
• 1:03:24
  decades of like being right and then doubling down on like gold
• 1:03:30
  being the solution, this and this and that.
• 1:03:32
  And then it takes humility to be like, you know what, I was right
• 1:03:36
  about my theories, but Bitcoin is, is better, right?
• 1:03:41
  Like it takes a lot of humility to say that to kind of step
• 1:03:44
  away. So that was an interesting
• 1:03:45
  conversation. We're going to be posting all
• 1:03:47
  these interviews over the next couple weeks.
• 1:03:50
  They're awesome. But again, to me, the highlight
• 1:03:53
  was Scottie Pippen. What was your highlight, Opti?
• 1:03:55
  And then we'll wrap up today's show.
• 1:03:56
  Well, I mean, my highlight was wasn't really about the speakers
• 1:04:00
  or even the interviews. It was really just seeing all my
• 1:04:03
  friends. And you know, I saw a lot of
• 1:04:05
  people that I haven't seen in years, literally probably since
• 1:04:07
  last year at the Bitcoin conference 2024.
• 1:04:11
  And that This is why I like coming to them.
• 1:04:13
  They are like family reunions. You can see a lot of people, you
• 1:04:16
  know, keep in contact with friends and, and it's, it's a
• 1:04:19
  good time. It's, it's basically just an
• 1:04:20
  excuse to come hang out with friends at this point.
• 1:04:22
  So that's my personal highlight. But the one you know, more on
• 1:04:27
  the professional side, the one thing that I absolutely loved
• 1:04:31
  was I did get to do an update with CJ Constantinos and we
• 1:04:37
  absolutely had a blast. He if you guys have seen the old
• 1:04:40
  interviews we've done, I think we've done 3 already posted.
• 1:04:44
  He has a way of explaining things and his, his his talk, or
• 1:04:50
  rather our interview is the last, literally the last thing
• 1:04:52
  we did on the Bitcoin conference floor.
• 1:04:55
  And the clip of safety and almost talking about stable
• 1:05:01
  coins, I, I think that really made it Click to me.
• 1:05:05
  And I know there was a lot of pushback on Twitter where
• 1:05:07
  everyone's like, this is all they talked about on the
• 1:05:10
  mainstage. And it really I think is going,
• 1:05:14
  you know, maybe Niko was right here.
• 1:05:16
  I, I, I'll have to concede here a little bit because Niko has
• 1:05:19
  been saying this, but he's usually been saying it in a
• 1:05:22
  different way. I think what safety said and
• 1:05:26
  what CJ said and you guys will get this interview later, They
• 1:05:30
  absolutely are nailing it. Or I don't know if I was just
• 1:05:33
  receptive to the idea here, but I think stable coins aren't as
• 1:05:40
  bad as we think they are. I think it's really, I know
• 1:05:44
  Nico. I know, I know.
• 1:05:45
  I think it's really the Trojan horse here that gets Bitcoin.
• 1:05:50
  Hold on, Nico Gate. No, no, no, dude, I was
• 1:05:54
  misinformed. I I wasn't looking at it
• 1:05:56
  correctly. There's no such thing as Nico
• 1:05:59
  Gate. No such thing.
• 1:06:00
  Bitcoin is the stable coins are the Trojan horse.
• 1:06:03
  What did? I wait, Wait, wait, wait, wait,
• 1:06:05
  wait, wait. Alright, alright, it's This is
• 1:06:08
  true. You usually say different
• 1:06:10
  though, Nico. Gay, you censor.
• 1:06:14
  Me. I censor you.
• 1:06:15
  No, I didn't censor you. I bullied you.
• 1:06:18
  There's a difference. But yes, Nico.
• 1:06:21
  In a friendly. Way in a friendly yeah, a fool.
• 1:06:23
  It's this is this is friendly I I think.
• 1:06:28
  In a joking way, in a. Joke, dude, we don't have to
• 1:06:31
  clarify. I, I think they get it.
• 1:06:34
  I think what we're seeing right now and the way that CJ said it
• 1:06:38
  to me is basically he was having this conversation with someone
• 1:06:44
  very high up, obviously influential, really rich.
• 1:06:48
  They're they're in the know. And they were talking about
• 1:06:51
  Bitcoin and stable coins. And CJ explained to him what he
• 1:06:54
  sees around stable coins. And he basically said, like, I
• 1:06:57
  don't think these politicians or, you know, these regulators
• 1:07:00
  are smart enough to understand what they're actually doing.
• 1:07:03
  And by them inviting stable coins into DC in the regulation,
• 1:07:08
  they're really bringing on their own demise.
• 1:07:10
  And when I heard that, I was like, oh, OK, this isn't about,
• 1:07:14
  you know, dollar dominance and getting the, the, you know, the
• 1:07:17
  global S on to, you know, better payment system.
• 1:07:22
  And this is about, you know, the milkshake theory.
• 1:07:25
  And Bitcoin getting through the door under the guise of stable
• 1:07:28
  coins is literally going to be the thing that blows up the Fiat
• 1:07:32
  system. The very thing they think is
• 1:07:34
  going to be the solution is the thing that literally gets
• 1:07:36
  Bitcoin to just go everywhere 'cause they can't save the Fiat
• 1:07:40
  system. I'm like, oh, OK, all right, you
• 1:07:44
  know, I, I was, I was, I was a little negative in regard to
• 1:07:47
  this OK #Niko gay #Niko gay guys.
• 1:07:52
  OK, 100. And 96 likes on YouTube help
• 1:07:55
  exactly some. See bro.
• 1:07:56
  Poor Niko giving me sympathy. Now how?
• 1:07:59
  Does. It feel up troll Niko more.
• 1:08:03
  Smash the like button, guys. We're almost at 200 likes on
• 1:08:06
  YouTube and then we're going to wrap it up.
• 1:08:08
  We got to get on a flight. We got to go back to South
• 1:08:11
  Florida and really exciting times ahead for Simply Bitcoin
• 1:08:16
  and again, we wouldn't be here without all of you guys, so we
• 1:08:20
  appreciate y'all. And and the Rumble team shouts
• 1:08:22
  out the Rumble Rumble. Team and YouTube, yes.
• 1:08:25
  Love YouTube guys also so shout out.
• 1:08:28
  Yes, shout out to you. Too.
• 1:08:29
  Wait, wait, wait. I want to.
• 1:08:30
  I want to tell everyone. Podcast platform.
• 1:08:32
  Guys, so if you're watching this and you are wondering why we
• 1:08:38
  have three days that we missed is because we weren't streaming
• 1:08:41
  on YouTube, but there are the shows and you guys can find
• 1:08:44
  those. We we really didn't do a good
• 1:08:46
  job of communicating that message to you guys.
• 1:08:49
  So we didn't we did not do wait, we did not not do the content.
• 1:08:55
  That's not how you should say it.
• 1:08:57
  It's just on another platform and you guys go check that out.
• 1:09:01
  Follow or go find it on our Twitter.
• 1:09:04
  But we did the shows guys and they were really fun.
• 1:09:06
  So I apologize. We apologize for not really
• 1:09:09
  informing you guys. We really made like a last
• 1:09:11
  minute decision to. Be fair, to be fair, like we we
• 1:09:14
  said on the on the Monday show. I said if we could figure it
• 1:09:16
  out. I don't remember that.
• 1:09:18
  Yeah, so anyways, guys, we'll be back on Monday.
• 1:09:22
  Love you all, appreciate you all.
• 1:09:24
  Smash the like button. And we wouldn't be here without
• 1:09:27
  you and we wouldn't be here without all our partners.
• 1:09:31
  So thank you guys so much for supporting us and we hope to
• 1:09:36
  continue to bring value to you guys.
• 1:09:38
  Anyways, love you all. Take care everybody.
• 1:09:40
  Have an amazing weekend. Go outside, touch some grass or
• 1:09:43
  some sand or some ocean and eat some steak.
• 1:09:45
  Hang out with your family. Peace and love and we'll see you
• 1:09:49
  guys on Monday. Take care, everybody.
• 1:09:52
  Today's episode was brought to you by bitcoinwell.com, a
• 1:09:55
  Bitcoin only platform on a mission to enable financial
• 1:09:58
  independence.