Latest / Simply Bitcoin / Why China Just Ignited Bitcoin's Bull Run | EP 1082

Transcript

Why China Just Ignited Bitcoin's Bull Run | EP 1082 · Simply Bitcoin

• 0:00
  Yeah, welcome to some of the Bitcoin guys.
• 0:02
  The world's second largest economy with an $18 trillion GDP
• 0:07
  might have just started the second leg of Bitcoin Bitcoins
• 0:11
  bull market. While everyone's been paying
• 0:13
  attention to the recent Fed cut and whether or not we're in a
• 0:16
  recession, we believe that what just happened in China today is
• 0:20
  far more consequential for Bitcoin.
• 0:22
  Stay tuned to find out more. But before we jump into the
• 0:25
  bills adding up our panelists, of course we have my legendary
• 0:28
  Co host Optimus Field and our guest for today, Mark Djokovic,
• 0:32
  CEO of EZDNS and author of the Bitcoin Capitalist newsletter.
• 0:37
  So let's jump straight to it. So the headline from Reuters is
• 0:41
  China's broad rate cuts, how investors are reacting.
• 0:44
  To get into the specifics, China's central bank will cut
• 0:48
  will cut banks reserve requirement ratio by 50 basis
• 0:52
  points and further reduce key interest rates to support a
• 0:55
  recovery in prices. Pan, speaking at a news
• 0:59
  conference alongside officials from two other financial
• 1:02
  regulatory agencies, said that the seven day repo rate will be
• 1:06
  cut by .2 percentage points to 1.5% and said deposits and other
• 1:11
  interests will fall as well. Anthony Pompliano came out and
• 1:14
  said China just confirmed that they will cut interest rates.
• 1:18
  Cheap capital is going to flood the market from around the
• 1:21
  world. Asset prices are going to be
• 1:24
  large beneficiary. So this seems to be a trend
• 1:27
  across all central banks worldwide.
• 1:29
  First it started in Europe with them lowering interest rates.
• 1:32
  Then it came to United States. the Fed news came out about a
• 1:35
  week or so, a week or so ago. Of course, the Bitcoin price
• 1:39
  pumped on that news. And now you have the world's
• 1:41
  second largest economy also indicating that they are going
• 1:45
  to be cutting rates as well. And of course, this is heading
• 1:48
  into the year of the bull market, which is 2025.
• 1:53
  I think it's going to be absolute fireworks.
• 1:55
  So I want to start with Mark. Mark, what's your take on this?
• 1:57
  Very, very interesting news coming out of the second largest
• 2:01
  economy in the world, China. Hi guys.
• 2:03
  Thanks for having me. It's great to be here.
• 2:05
  Yeah, it's it's confirmation of something I've been writing in
• 2:08
  the letter for a few months, while most of this year I've
• 2:11
  been saying the interest rate hike cycle is over.
• 2:15
  I live in Canada, so the central bank here has been cutting since
• 2:19
  I think May was the first cut. But more than looking around the
• 2:24
  world and seeing all these different central banks cutting,
• 2:26
  of which China is the latest confirmation, and of course, the
• 2:29
  Fed was the big one a week ago. Everyone was waiting for it.
• 2:34
  Look at what? Look, let's look at the outlier.
• 2:37
  What happened when the central bank went the other direction?
• 2:39
  I'm speaking, of course, of Japan that surprised the world
• 2:43
  by hiking, trying to get off 0 hiking to 25 basis points.
• 2:48
  They were expected to go to 10. The entire world like
• 2:51
  practically imploded. It was the the Black Monday,
• 2:55
  August the 5th, and it just goes to show you that all the central
• 2:59
  banks of the world took rates as high as they could go.
• 3:03
  I've always said they were just trying to get as high as they
• 3:06
  could go so that they can reset and go back lower again.
• 3:10
  But the China move today is confirmation that liquidity is
• 3:15
  coming back. Fiat is going to be debased and
• 3:18
  everything is going to just go back into that.
• 3:21
  That cycle that we've been. That's kind of aligns with the
• 3:24
  standard four year cycle for crypto.
• 3:27
  Yeah, absolutely, 100%. And and again, like this is
• 3:30
  coming right before the expected, you know, the the
• 3:34
  expected euphoria phase of the Bitcoin bull market entering
• 3:38
  into 2025. So it seems like all the planets
• 3:40
  are aligning. You have the European Central
• 3:43
  Bank, you had the Fed and now you have the Chinese central
• 3:46
  bank indicating that as well. So yeah, I mean, it seems like
• 3:49
  absolute fireworks heading into 2025.
• 3:52
  I think that's the signal. I think that's what everyone has
• 3:54
  to really be focusing on is OK. What the Fed did was last week's
• 3:59
  news. What China's central bank is
• 4:01
  doing is this week's news. I'm really excited to see what
• 4:05
  the Bitcoin price is going to do heading into the end of the
• 4:08
  year. I think we're going to have a
• 4:09
  very, very bullish end of the year.
• 4:11
  I think it's going to surprise a whole lot of people.
• 4:14
  Opti, what's your take on all this?
• 4:16
  Well. As Mark was saying, as money
• 4:19
  printer turns on, obviously that is bullish for Bitcoin and it
• 4:23
  really just goes to show there is a lot of maybe we would say
• 4:27
  Fiat bulls out there saying everything is good.
• 4:30
  We all know the corporate press and the official leaders out
• 4:33
  there telling us the economy is stronger than ever.
• 4:36
  Obviously usually they say that in regards to their own country.
• 4:38
  But I think this is just more signal and more writing on the
• 4:41
  wall that the global economy is not in the best place right now
• 4:46
  and it's all downstream from money printing and the
• 4:49
  debasement of Fiat currencies. And This is why we're a Bitcoin
• 4:52
  channel. This is why we tell everyone
• 4:54
  constantly that the only way to protect yourself is to start
• 4:57
  saving in Bitcoin, to have some Bitcoin in case things do go
• 5:02
  haywire. And I think this is more signal
• 5:04
  on that very note that we talked about here.
• 5:07
  It's a constant thing we talked about here is there is no way
• 5:10
  out of this except for printing more money, injecting more
• 5:14
  liquidity and capital into the system.
• 5:16
  The system is running on fumes and that fumes is just printing
• 5:19
  more money. And this is where we are right
• 5:21
  now. We don't like to be doomers here
• 5:23
  on the show, but this is this is the position that the world is
• 5:28
  in. They need to inject more Fiat
• 5:30
  into the system to keep it going.
• 5:32
  And the only way to really protect yourself is to take
• 5:35
  things into your own hands and start saving in Bitcoin.
• 5:38
  So it is very crazy that we're seeing all this stuff play out
• 5:41
  right now. It's kind of something I've been
• 5:43
  saying for a while that we have a perfect storm ahead of us, I
• 5:46
  think probably going into 2025. And it is all very bullish for
• 5:51
  Bitcoin. Not to say that the world has to
• 5:53
  crumble for Bitcoin to succeed, but hey, more liquidity injected
• 5:57
  into the market just essentially means that number is going to go
• 6:00
  up and money printers going to go burn.
• 6:02
  Hopefully more people wake up to the problems that we are seeing
• 6:05
  on the horizon and start to become Bitcoiners.
• 6:08
  So everything's good for Bitcoin.
• 6:10
  All roads lead back to Bitcoin, Absolutely.
• 6:12
  And I want to get more into the details right so and pass it up
• 6:16
  to Mark. But Mark, this is more up your
• 6:18
  alley. Why do asset prices, why do they
• 6:21
  benefit when central banks cut rates?
• 6:24
  And the latest news, of course, being China, the second, the
• 6:28
  second largest economy in the world.
• 6:30
  It's basically the denominator is being diluted, right?
• 6:34
  Every time a central bank cuts rates, or every time they
• 6:37
  increase the money supply, or every time they pump liquidity
• 6:40
  into the system, the denominator is like debasing.
• 6:45
  It's being, it's that other word diluted, but that's not the one
• 6:51
  I'm looking for. But you know, that's why you see
• 6:54
  the meme among bit corners like everything divided by 21
• 6:57
  million, because that denominator is not going
• 7:00
  anywhere. So it means that everything on
• 7:02
  top, everything in the world, all the assets is going to have
• 7:05
  that fixed value above that or is going to have that value
• 7:09
  above that fixed denominator in the case of Bitcoin.
• 7:13
  But in a Fiat denominator that's just disintegrating into dust,
• 7:18
  right? It's just devaluing over time.
• 7:20
  And So what the, the, the pernicious effect that that has
• 7:25
  is that it makes assets like it, it, it blows the nominal value
• 7:31
  out. But it actually, because it
• 7:32
  pulls everybody's timeline into the into the near term, it sort
• 7:38
  of creates this vicious circle where everyone is trying to out
• 7:42
  outrun this Fiat debasement. And that's why you see really
• 7:47
  low, you see really high tide, high time preference and you see
• 7:52
  people just going for these short term gains.
• 7:54
  It's why Wall Street is obsessed on the next quarter's numbers
• 7:57
  and predicting next quarter's numbers.
• 8:00
  Or if you have that Bitcoin denominator, you have that low
• 8:04
  time preference, you're looking at this long range value of
• 8:07
  assets and you make a much more conscious decision on how you're
• 8:12
  going to spend your asset if it's Bitcoin, because that's not
• 8:17
  degrading in value over time. It's gaining purchasing power
• 8:20
  over time. So you're going to think about
• 8:22
  the future value of what you want to exchange it for today
• 8:26
  versus Fiat where you know that the the denominator is going
• 8:30
  away and it's going away at a accelerating pace.
• 8:34
  So it's like, I just need to get rid of this because and I have
• 8:37
  to exchange it for anything that is degrading at a slower rate of
• 8:42
  value. And of course, the extreme cases
• 8:44
  are like hyperinflations, and we've seen them throughout
• 8:46
  history. Absolutely, absolutely.
• 8:48
  All right everybody. Well, we're going to have more
• 8:50
  on the China news during the numbers segment.
• 8:53
  Also, the Kingdom of Bhutan has 1/3 of its GDP in Bitcoin.
• 8:58
  Absolutely insane. And of course, we are going to
• 9:01
  cover a quick update on the continuation of Operation Choke
• 9:06
  .2 Point O. Some damning evidence was just
• 9:09
  released. I would say a smoking gun on how
• 9:12
  there was a there was a colluded effort by elements of the US
• 9:17
  government to go after crypto friendly bank.
• 9:21
  So quite interesting. So we have a hell of a show
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• 13:03
  Anyways, I have a couple of reasons as to why China lowering
• 13:08
  interest rates will have a a positive impact on Bitcoin.
• 13:13
  So let let me pull up those reasons real, real quick.
• 13:16
  Here are the five reasons reason #1 increase liquidity.
• 13:19
  When China lowers interest rates, it makes borrowing
• 13:22
  cheaper for businesses and individuals.
• 13:25
  This stimulates economic activity, increases liquidity in
• 13:28
  the financial system. As more money flows into the
• 13:31
  economy, investors may seek high yielding or alternative assets,
• 13:35
  including Bitcoin, which could see an uptick in demand.
• 13:38
  Also, if you see this in a historical context from Bitcoin
• 13:43
  cycles, every single time you know, a central bank lowers the
• 13:47
  interest rates, it becomes very, very positive for what are
• 13:51
  considered risk on assets. Even though I don't, I would say
• 13:54
  that if I would say I would call Fiat a risk on asset, I would
• 13:58
  call bonds risk on assets. But that's the way that the
• 14:01
  market sees it anyways. Reason #2 Weaker yuan potential
• 14:05
  SWIFT The potential shift to Bitcoin Lower interest rates can
• 14:08
  devalue the Chinese yuan relative to other currencies,
• 14:11
  making Chinese assets less attractive for foreign
• 14:14
  investors. With concerns over currency
• 14:16
  devaluation, Chinese investors and savers may look to
• 14:19
  alternative stores of value, such as Bitcoin, to hedge
• 14:22
  against inflation or capital erosion.
• 14:24
  Reason #3 Increased risk appetite.
• 14:27
  Again, I don't think Bitcoin is risky.
• 14:29
  I think if you're not in Bitcoin, you're the one that's
• 14:31
  taking the risk. It goes on to say lower interest
• 14:34
  rates often push investors to take on more risk in search of
• 14:37
  higher returns. I think that point is key.
• 14:39
  Bitcoin as a higher risk asset could attract more speculative
• 14:43
  investors looking to profit from its potential price appreciation
• 14:47
  #4 support for global financial markets.
• 14:49
  China's is a significant player in global trade and finance.
• 14:53
  When it's economy slows down, it could negatively impact global
• 14:56
  markets. However, if China lowers rates
• 14:58
  to stimulate it's economy, Which accord to it's this Reuters
• 15:02
  article, that's exactly what the Chinese central bank is hoping
• 15:06
  to do, it can have a positive ripple effect on global market
• 15:12
  markets, fostering a more bullish settlement sentiment.
• 15:16
  And I can't emphasize that enough.
• 15:17
  After all, China's the second largest economy in the world
• 15:21
  with an $18 trillion GDP. Of course, this can lead to
• 15:26
  increase interest and risk on assets like Bitcoin #5 Potential
• 15:30
  for increased institutional investment.
• 15:33
  If China lowers interest rates, stimulates global economic
• 15:36
  growth, institutional investors, including hedge funds and asset
• 15:39
  managers may feel more confident in allocating capital towards
• 15:43
  Bitcoin and other cryptocurrencies as part of
• 15:45
  their diversified portfolio. I mean #5 is quite interesting
• 15:48
  because we're seeing this from institutional investors here in
• 15:52
  the United States with BlackRock getting into into the game, with
• 15:55
  banks getting into the game. It it was announced that Goldman
• 15:59
  Sachs had a $400 million exposure to the BlackRock
• 16:04
  Bitcoin ETF, the Wisconsin Pension Fund, the second largest
• 16:07
  bank, and Europe, BNP Paribas. It was discovered that they had
• 16:11
  exposure to Bitcoin, Wells Fargo and a couple other large banks
• 16:15
  in the United States. Yesterday's news, BNY Mellon was
• 16:19
  given an exemption from the SAB 18121 to custody Bitcoin.
• 16:25
  So it seems like all the stars are aligning for institution,
• 16:28
  institutional players to come in and get exposure to Bitcoin.
• 16:32
  Ideally, it would be spot Bitcoin in self custody, but
• 16:36
  they're going down the ETF route.
• 16:38
  And it seems like China is signaling the same thing, which
• 16:41
  I think is incredibly bullish. So if you put all the pieces
• 16:44
  together, the European central banks are lowering interest
• 16:47
  rates, the US central banks are lowering interest rates, and now
• 16:50
  China, the final piece. This makes for an explosive
• 16:54
  potential Q 4/20/24 and definitely a explosive 2025 that
• 17:01
  I'm looking forward to. So Mark, any thoughts, feelings
• 17:05
  on what we just covered? Where to start, You know, but
• 17:11
  the one thing you were talking about were, excuse me, bonds are
• 17:15
  the new risk on asset, right? Which is a it, it brought me
• 17:20
  back to a memory from like 2009. I was taking like a value
• 17:27
  investing course at the University of Western Ontario
• 17:30
  and it was taught by this illustrious Canadian value guy,
• 17:35
  George Athanasikos. And I remember we were talking
• 17:39
  about cost of capital and weighted average cost of
• 17:42
  capital. And he was telling us about risk
• 17:44
  free rates and stuff like that. And I kind of, I hadn't heard
• 17:47
  about Bitcoin yet be a few more years before I did.
• 17:52
  But he put up his hand and he said or I put up my hand and I
• 17:55
  said, what happens if the risk free instrument isn't risk free
• 17:59
  anymore? And he just kind of looked at me
• 18:02
  like I was, you know, smoking crack or something like that.
• 18:06
  And then we Fast forward to where we are today.
• 18:09
  And that's exactly what is taking place over this last sort
• 18:13
  of cycle. This this end game for Fiat
• 18:17
  currency is all about the risk free asset is no longer risk
• 18:22
  free. And they even call bonds like
• 18:25
  return free risk now because of the interest rate compression
• 18:28
  and the the negative, you know, real rates because of the rate
• 18:32
  of inflation is exceeding the interest coupon on the bond.
• 18:35
  And so we really have arrived in this bizarro world where, you
• 18:41
  know, what is the nature of risk?
• 18:42
  And you mentioned too, it's like we're sort of pivoting from
• 18:46
  Bitcoin being a risk on to be a Bitcoin being a risk off.
• 18:50
  Now that, you know, I saw a comment float by in the in the
• 18:54
  chat room saying that that's BS. You know, Bitcoin is still very
• 18:58
  much viewed by the market as a risk on asset and that that's
• 19:02
  somewhat true. It's mostly true.
• 19:04
  It's still is regarded as a risk on asset by the wider market.
• 19:08
  But you could say that the adoption of Bitcoin is as slow
• 19:13
  incremental realization that Bitcoin is actually a risk off
• 19:17
  asset. And so this institutional pile
• 19:20
  in into the space, it started right as as sort of the
• 19:25
  eccentric billionaires from the last cycle that Elon Musk's and,
• 19:29
  and the Paul Tudor Jones and, and guys like that.
• 19:32
  And they were kind of the outliers and they were The
• 19:34
  Mavericks. Now we're seeing more
• 19:38
  institutional, more mainstream institution, which is sort of
• 19:41
  signalled by BlackRock. That's a whole other
• 19:43
  conversation we can get into. But now I've been saying for a
• 19:48
  while, we're going to get this 1% mantra right.
• 19:52
  Institutionally, pension funds, endowments, family offices, the
• 19:56
  mantra is going to be allocated at least 1% to Bitcoin.
• 20:00
  And the reason why that's becoming a mantra is because it
• 20:04
  is beginning to dawn on this institutional space that the
• 20:09
  risk is not allocating right. That's how this starts to
• 20:12
  change. It's like, what do you mean you
• 20:14
  don't have 1%? Into Bitcoin because this is
• 20:18
  going to the you know the old fashioned like number go up game
• 20:23
  might be this is going to the moon and you're missing you're
• 20:26
  missing out on it. But it's part of that
• 20:28
  realization that it is now becoming a risk not to own
• 20:33
  Bitcoin or not to allocate to Bitcoin.
• 20:35
  Maybe that's FOMO driven now, but I think the the story of
• 20:40
  hyper bitcoinization over time is the story of people realizing
• 20:45
  where the risk really is. Is it in Fiat or is it in like
• 20:50
  digital hard assets like Bitcoin?
• 20:52
  100%, a very, very good point. Opti, you want to chime in
• 20:55
  before we pivot the conversation to ladies and gentlemen, we have
• 20:59
  a nation state, the Kingdom of Bhutan has reached Bitcoins and
• 21:04
  they have 1/3 of their GDP in Bitcoin, of which they mined.
• 21:09
  They mined this Bitcoin. They didn't get it through
• 21:11
  coercive means. They didn't take it from
• 21:14
  someone. They mined this Bitcoin.
• 21:16
  And currently they're sitting on a stack worth $828 million.
• 21:21
  So we're going to talk about that real quick.
• 21:23
  But first Opti your thoughts? Yeah, I just at first want to
• 21:27
  echo kind of what Mark was saying.
• 21:29
  I think Bitcoiners have been saying this for a long time.
• 21:32
  We we've been seeing down the road for a long time.
• 21:35
  Obviously Bitcoiners are very anti Fiat.
• 21:38
  If you understand Bitcoin, then you can see a new lens into the
• 21:41
  traditional financial world and you do start to see new risk.
• 21:45
  And most Bitcoiners, I think, would argue that the real risk
• 21:48
  is being in the Fiat system and Bitcoin is the true risk free
• 21:52
  sit out here. Obviously there's risk of self
• 21:55
  custody, personal responsibility and, and that like, but Bitcoin,
• 21:58
  as far as I'm concerned, is the real stable coin.
• 22:01
  Bitcoin is the safe haven asset. And we've been saying this for a
• 22:04
  long time. And I think Bitcoiners have been
• 22:07
  ahead of the curve on a lot of different things around the
• 22:09
  world, but especially this idea that the Fiat system isn't as
• 22:14
  riskless as you think it is. It's probably it might be one of
• 22:17
  the most risky place to leave your money, though the status
• 22:20
  quo would argue opposite and say that no, you know, trust the
• 22:24
  system. You know, the experts know what
• 22:25
  they're doing. The suits know what's best for
• 22:27
  you guys. The banks know what's going on
• 22:30
  The the 12 people that control the Federal Reserve and their
• 22:33
  their ilk that control all the central banks.
• 22:35
  They know what they're doing, guys.
• 22:36
  They can manage the economy and bitcoiners look at that and
• 22:39
  think that they're crazy and we're like, no, the best place
• 22:42
  to have your money is in a system that cannot be
• 22:44
  manipulated. And now we're seeing that the
• 22:47
  more that they do try to manipulate the traditional
• 22:49
  financial world, the riskier things are getting and the more
• 22:52
  out of control the Fiat train is getting.
• 22:55
  And as Lynn Alden's been saying recently doing the rounds around
• 22:58
  all the podcast, there's no stopping this train.
• 23:00
  And I think we're seeing signs of this with all of the banks in
• 23:04
  the world cutting interest rates.
• 23:06
  It looks like the money printer is going to go on.
• 23:08
  And to bring this down to the layman term, you know, to try to
• 23:11
  explain this to my mother and my brother and sister out there and
• 23:14
  friends, it's very simple. The more that they debase their
• 23:18
  currency, the more that they print money, the more that they
• 23:20
  expand the money supply. The broker you are going to get
• 23:24
  if you're holding Fiat money, if you're holding paper money, you
• 23:27
  are going to very slowly but surely get poorer and life is
• 23:32
  going to get more expensive. And This is why the, the common
• 23:36
  trope or the common idea of people that are very wealthy is
• 23:39
  you want to own assets. And we would argue that Bitcoin
• 23:43
  is the best asset to hold. It's, it's available to everyone
• 23:46
  out there. You don't need to go through a
• 23:48
  middle man. It's completely parallel to the
• 23:51
  traditional financial system and you want to hold some of this
• 23:54
  because the more they manipulate the traditional financial world,
• 23:57
  the more the the wheels fall off of the traditional financial
• 24:01
  world, the more Bitcoin will benefit because people need to
• 24:04
  find alternative assets because if the whole system's going
• 24:08
  down, where are you going to store your money?
• 24:10
  Obviously if you are really rich, you're going to buy
• 24:12
  assets, whether that's houses or you know yachts or super cars
• 24:16
  and status symbols and the likes of those.
• 24:19
  But most people don't have the accessibility to that and even
• 24:22
  and they will look at the market and be like, wait, maybe we need
• 24:25
  an alternative asset. And as Bitcoiners, again, being
• 24:28
  ahead of the curve on this, we're like, it's Bitcoin guys.
• 24:30
  It's simply Bitcoin. It's a very simple solution.
• 24:33
  It's it seems complicated because it's so simple, because
• 24:37
  people are so used to financial trickery, they're like, it can't
• 24:40
  be this simple. And we're like, yes, it's
• 24:42
  literally this simple to start saving in Bitcoin, take it into
• 24:45
  custody, protect yourselves and let the system play itself out.
• 24:49
  Because we know one thing, they're going to continue to
• 24:52
  manipulate the system. They're going to continue to
• 24:54
  inject capital, They're going to continue to debase the currency,
• 24:56
  expand the currency supply and it inflation is never going to
• 25:00
  go back into the bag. It's here for with us most
• 25:04
  likely forever unless you get on the Bitcoin standard and you're
• 25:07
  able to protect yourself and get on the the lifeboat. 100% All
• 25:11
  right everybody, before we pivot the conversation to the Kingdom
• 25:13
  of Bhutan, we have a very special clip for you guys.
• 25:16
  Make sure to smash that like button.
• 25:17
  Help us break 100 likes within the 1st 30 minutes of the show.
• 25:21
  I think we're at like 92 right now.
• 25:23
  And also shout out to the 1000 people of you guys watching live
• 25:26
  between all the platforms, YouTube, Rumble X and of course
• 25:31
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• 25:33
  watching on Noster and we, we already had 1000 SAT's ZAP to us
• 25:38
  Opti shout out to the Noster fan base.
• 25:41
  We appreciate you guys and we're going to continue supporting
• 25:44
  protocols anyways, so I do want to get to the Kingdom of Bhutan
• 25:50
  news. I first heard about this.
• 25:51
  It absolutely blew my mind. Actually made an AI image using
• 25:57
  Grok last night that I think just I was, I felt, I felt, I
• 26:06
  felt, I felt artistic, I felt, I felt motivated.
• 26:10
  I felt, you know, like I felt, I was like, wow, this is, this is
• 26:13
  insane. This is amazing.
• 26:15
  And like it is so crazy to me that we have a nation state.
• 26:21
  We have a country that has allocated 1/3 of its GDP and
• 26:28
  Bitcoin. The Kingdom of Bhutan is a small
• 26:31
  Buddhist Kingdom in the Himalayas that has a tremendous
• 26:34
  amount of hydroelectric capability.
• 26:38
  And what they realized is they can't use all that electricity
• 26:41
  for themselves. What they were doing before is
• 26:44
  they were selling that electricity to neighboring
• 26:47
  countries. The problem is that when you
• 26:50
  transport electricity over long distances, it loses its
• 26:54
  efficiency every mile. So that energy, just like it,
• 26:57
  just evaporates, right? Essentially.
• 27:00
  I'm sure that's not the correct technical term, but still,
• 27:03
  that's basically what happens. It loses its efficiency every
• 27:06
  mile of cable. So the most effective way to use
• 27:10
  electricity is at the source of where you produce it.
• 27:14
  And that's what the Kingdom of Bhutan has figured out.
• 27:17
  And they've mined a lot of Bitcoin.
• 27:20
  They teamed up with the public company Bit Deer.
• 27:23
  Here's the official, official article that we covered.
• 27:28
  I love the way it's framed. The government of of Bhutan is
• 27:31
  currently holding $820 million worth of Bitcoin.
• 27:35
  Unlike most governments, Bhutan's BTC does not come from
• 27:39
  law enforcement asset seizures, but from Bitcoin mining
• 27:43
  operations, which have ramped up dramatically since early 2023.
• 27:49
  That's absolutely bullish. Here's a clip of the legacy
• 27:52
  media talking about it. Let's check it out.
• 27:54
  Bhutan, the Himalayan Kingdom known for prioritizing happiness
• 27:58
  over wealth, has quietly emerged as a major player in the
• 28:02
  cryptocurrency world. With $780 million worth of
• 28:06
  Bitcoin, which is a which is nearly a third of its GDP,
• 28:10
  Bhutan has become the. 4th largest government holder of
• 28:14
  Bitcoin. Now what's fueling the country's
• 28:16
  ambition is to become a leader in green crypto mining.
• 28:21
  Here's our report with answers. Nestled in the Himalayas,
• 28:27
  Bhutan, a tiny Buddhist Kingdom with fewer than 900,000 people,
• 28:32
  has emerged as an unexpected yet powerful player in the world of
• 28:36
  cryptocurrency. Known for its serene landscapes,
• 28:42
  happiness centric philosophy and commitment to sustainability,
• 28:46
  Bhutan has quietly amassed a significant treasure over 13,000
• 28:53
  Bitcoin worth approximately $780 million.
• 28:59
  For a country with the GDP of just under $3 billion, this is a
• 29:04
  staggering sum, making Bhutan the 4th largest government
• 29:08
  holder of Bitcoin globally. The Himalayan Kingdom is only
• 29:12
  behind the United States, China and the United Kingdom as it
• 29:16
  overtook El Salvador, Ukraine and Germany.
• 29:21
  Unlike the United States and China, which gained their
• 29:24
  cryptocurrency through seizures and legal battles, Bhutan took a
• 29:27
  more proactive approach by investing directly in Bitcoin
• 29:31
  mining. And the nation's journey into
• 29:35
  the digital asset world has been led by its state owned
• 29:38
  investment arm, Dhrook Holdings. Now, even though Bitcoin, the
• 29:44
  world's first decentralized digital currency, was created in
• 29:47
  2009, it has since evolved from a fringe Internet experiment
• 29:52
  into a globally recognized financial asset.
• 29:54
  So. I'm going to stop it right there
• 29:56
  and I just want to play this first part because I think it is
• 29:59
  synergistic and I know that Opti pick it up.
• 30:02
  I picked it up because his name after all, is Optimist Fields.
• 30:05
  But check this out guys, see if you pay attention to this.
• 30:08
  Bhutan, the Himalayan Kingdom known for prioritizing happiness
• 30:12
  over. Well.
• 30:13
  Exactly, exactly, exactly, exactly.
• 30:16
  This is we've been talking about what happens when you switch
• 30:21
  from a Fiat standard to a Bitcoin standard.
• 30:24
  It becomes synergistic. Do I believe, you know, it's
• 30:28
  like this Himalayan Kingdom that puts happiness over wealth with
• 30:32
  Bitcoin, It's one in the same, right?
• 30:34
  It is one in the same. It's Fiat that has this negative
• 30:38
  connotation to it. Look, when I'm sure you've been
• 30:41
  in the dinner, dinner, dinner table or something like that,
• 30:43
  right? And your parents say or your
• 30:45
  grandparents is like, don't talk about money here.
• 30:49
  Does that apply to Bitcoin when you talk about Bitcoin?
• 30:52
  No, talking about Bitcoin makes you happy, right?
• 30:53
  It gives you hope, right? It's talking they're they're
• 30:56
  talking about Fiat, whether they're unconscious of it or
• 30:59
  conscious of it. That's what they're referring to
• 31:02
  when they say don't bring up money and don't bring up money
• 31:05
  and the dinner table, right? So like, I just find that part
• 31:09
  so poetic. And again I I want to toot my
• 31:13
  own horn and give myself artistic credit for the that I
• 31:17
  created yesterday to Opti Opti. Has the Kingdom of Bhutan
• 31:24
  reached Bitcoin Zen? I would argue yes.
• 31:29
  I mean from that clip it sounds like they have leapfrogged all
• 31:34
  of the trials and tribulations and there are in Bitcoin Zen
• 31:37
  right now, which I which I don't think, I don't think there's
• 31:41
  there's no irony lost on me in the fact that they are in the
• 31:44
  Himalayan. So of course they get Bitcoin
• 31:47
  Zen inherently. But I think what really what
• 31:50
  really sticks out to me is I know Bitcoiners are very big on
• 31:55
  game theory and always think about attack vectors.
• 31:58
  But as we've been kind of playing this out, and I know a
• 32:01
  lot of people are very, maybe I would argue, frustrated with
• 32:05
  BlackRock coming into Bitcoin and very concerned about all the
• 32:07
  stuff BlackRock is doing. Yesterday we did see, or rather
• 32:11
  we heard some credible rumors from Eric Balkunis.
• 32:14
  So he's a Bloomberg ETF analyst basically saying that
• 32:18
  Blackrock's out there running their own nodes and stuff.
• 32:20
  And that's why we got that news yesterday about Coinbase and
• 32:23
  BlackRock, you know, redoing their their what, what was the,
• 32:28
  what was the headline amending their custody policy?
• 32:31
  I forget what the headline was yesterday, but but it just goes
• 32:34
  to show. And I think the Kingdom of
• 32:36
  Bhutan is a perfect example of this.
• 32:37
  And it reminds me of the Satoshi quote, that honest actors are
• 32:41
  incentivized to just participate on the network honestly, and
• 32:46
  they will succeed. And we're seeing Bhutan do this
• 32:48
  exactly like they were mining quietly for a long time.
• 32:52
  They've leapfrog El Salvador, maybe.
• 32:54
  Bhutan, the king of Bhutan has now officially become the
• 32:58
  Bitcoin country of the world. Obviously the Bitcoin Kingdom.
• 33:01
  There we go. Obviously, Buchale will always
• 33:06
  be #1 in the history books in regards to embracing Bitcoin,
• 33:10
  but it does. It does go to show that you are
• 33:13
  more incentivized to just participate honestly in the
• 33:16
  Bitcoin network, whether that is saving in Bitcoin or mining
• 33:19
  Bitcoin, using excess energy to mine Bitcoin and you will
• 33:23
  profit, which is a stark contrast to what we see in the
• 33:26
  Fiat world where you just perpetually get yourself in
• 33:29
  debt, essentially steal value from future generations to
• 33:33
  continue keeping this Fiat system going.
• 33:35
  And here's a little Kingdom of Bhutan out there just stacking
• 33:39
  SAT mining Bitcoin. They're just 4 bitcoins and then
• 33:42
  just right there. Every prioritize happiness
• 33:46
  overwhelm, yeah. It's beautiful.
• 33:47
  I I caught that the first time you played it.
• 33:49
  I'm glad you replayed it. But the real signal here is also
• 33:53
  remember how we heard about the Kingdom of Bhutan was mining
• 33:57
  Bitcoin? It was through the bankruptcy I
• 33:59
  believe it was Celsius if I'm remember correctly.
• 34:03
  They didn't want to make it public.
• 34:04
  Yeah, They they. Literally would have never made
• 34:06
  it public. And that just goes to show like
• 34:08
  who else out there is doing the same exact thing and we just
• 34:11
  don't know who's doing it. And again, there's just so many
• 34:15
  factors playing into why I think 2025 is going to be an
• 34:18
  incredible leg up of this next bull run.
• 34:21
  I think we're going to see a lot of countries come out doing
• 34:23
  something similar. We're going to see a lot of big
• 34:25
  corporations come out doing something similar.
• 34:27
  We're going to see a lot of rich individuals come out doing
• 34:30
  something similar. And it really just goes to show
• 34:32
  that Bitcoin as an asset, as a, you know, global money has
• 34:37
  matured and we're entering into a new epoch, a new paradigm
• 34:41
  where Bitcoin is accepted as something that you want to hold.
• 34:44
  And it's not just Internet nerd money.
• 34:46
  So absolutely incredible. Yeah, absolutely.
• 34:49
  I, I saw a comment by senior getting go papi, she calls this
• 34:56
  dork. She calls this dork.
• 34:57
  So it's, it's a, it's a term of endearment.
• 34:59
  Anyways, mark 22 minutes before we move on to the next segment.
• 35:03
  What is your thoughts real quick on the Kingdom of Bhutan
• 35:07
  becoming the 4th largest Bitcoin nation state holder in the
• 35:11
  world? Well, we should start spelling
• 35:13
  Bhutan and Buddhist with the Bitcoin B murders.
• 35:17
  But I remember reporting on this in the newsletter like a year
• 35:21
  ago that they had started mining or they were already mining.
• 35:25
  So it's fantastic to see that they now have such a, a stash.
• 35:29
  And you see these these relatively tiny countries,
• 35:32
  Bhutan and El Salvador. You know, you had Trump at the
• 35:36
  Nashville conference saying, talking about Bitcoin as a
• 35:40
  strategic reserve for the United States, which would be huge if
• 35:43
  it if it happens and he follows through with it.
• 35:45
  But here's this country over here that people don't really
• 35:48
  think a lot about. They're already up and running.
• 35:50
  They've already done it. It's a third of their GDP.
• 35:53
  El Salvador made it legal tender, you know, years ago by
• 35:56
  now. I mean, on a micro scale, it's
• 35:59
  the same thing that I did with my own business.
• 36:01
  Like Easy DNS was the first company, first domain registrar
• 36:05
  to take Bitcoin in 2013. We've been stacking it ever
• 36:10
  since. And now 100% of our retained
• 36:13
  earnings are in Bitcoin. So I did see one comment go by
• 36:16
  saying what do you mean 100? You're not 100% in Bitcoin, you
• 36:20
  know, so buton's like a third of their GDP.
• 36:22
  We're 100% of retained earnings in Bitcoin and that's just all
• 36:26
  the same thing. It's just really, we've never
• 36:28
  taken on VC, We've never had to play that hot money game, but
• 36:33
  we've been stacking sats and that's what gives us our
• 36:35
  financial bedrock. Absolutely, 100% yeah.
• 36:38
  Anyway. Before we move on though, I love
• 36:41
  how Mark just said it. The hot money game, that's a
• 36:43
  really good meme that I like. We should definitely keep
• 36:46
  spreading that because people don't understand that that's the
• 36:48
  game. It's like hot potato but with
• 36:50
  Fiat money. The hot money game that's really
• 36:51
  good. It's, you know, and I'm so glad
• 36:54
  that you bring up that because like we're obviously we're a
• 36:56
  Bitcoin media. I hate to use the word startup
• 36:59
  because again, we're bootstrapping it just like you,
• 37:01
  Mark, and we're just building up that treasury and we're not
• 37:04
  taking any outside investors. But it's awesome because you
• 37:08
  know, again, you, you, you put some of those profits into the
• 37:11
  treasury and your runway just keeps continuing to get bigger
• 37:14
  and bigger and bigger and bigger and bigger and bigger.
• 37:16
  And then there is no necessity to, to, to kind of raise money
• 37:21
  if you don't want to, right? Which is it it, it kind of
• 37:24
  changes the whole dynamic of it. And I would say it's, it's
• 37:27
  definitely a, a huge net positive for business owners
• 37:32
  because again, your, your, your treasuries continue to grow.
• 37:35
  I'll tell you one quick thing before we shift like so we we're
• 37:39
  26 years old this year and. Congratulations, that's that's a
• 37:43
  huge feat. It's that time, like the private
• 37:45
  equity guys have been kind of coming out of the woodwork for
• 37:48
  years and, and, and strategics and stuff and they talk to us
• 37:52
  about and, and nothing ever compelling has ever come up.
• 37:55
  But the phrase I keep hearing over and over again is like, you
• 37:59
  have a good do nothing strategy, which is like, I don't have to
• 38:02
  do anything. I don't have to raise money.
• 38:04
  It's like we just keep stacking. We have a good do nothing
• 38:07
  strategy which is a enviable position to be in.
• 38:10
  Yeah, I love that and. And also just doubling down
• 38:13
  before we also one of one of the hardest things to do is like the
• 38:17
  classic meme, the way to get rich is just do nothing, like
• 38:20
  don't, don't outstand yourself. And yeah, exactly.
• 38:24
  And the, the, the updated strategy is literally just
• 38:26
  saving Bitcoin. Make sure your cash flow is
• 38:28
  going up, make sure you're running a profitable business
• 38:30
  saving Bitcoin and literally like sit on your hands and do
• 38:33
  nothing. It's a.
• 38:34
  It's a lot harder than it sounds, but it's a really simple
• 38:37
  strategy. Absolutely.
• 38:38
  It's a cheat code. All right, everybody, before we
• 38:40
  move on to this next segment, stay tuned because again, we
• 38:43
  uncovered, I would say, a smoking gun.
• 38:46
  Elizabeth Warren colluding with elements of the government to
• 38:50
  take down Silvergate Bank. Some damning evidence was
• 38:55
  uncovered by Nick Carter, which Opti covered on Friday's
• 38:58
  episode, but we have Caitlin Long's comments on it, so stay
• 39:02
  tuned for the news segment. We still have a lot of content
• 39:04
  left up. And of course, we're going to
• 39:06
  talk to Mark later on in the show about easy DNS.
• 39:10
  And of course, he is the author of the Bitcoin Capitalist
• 39:12
  newsletter. Stay tuned, we'll be right back.
• 39:17
  A special shout out to our sponsor, Compass Mining.
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  I want to. Give a shout out to our sponsor
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  All right, welcome back. You can scan the QR code right
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  now on your screen. It'll take you directly to the
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  Foundation Devices website. Opti's going to model off the
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  Remember guys, not your keys, not your cheese.
• 41:35
  Self custody is the revolution. Check the link in the video
• 41:38
  description or scan the QR code. Anyways, guys, we've been
• 41:42
  covering this for like a year now.
• 41:45
  Operation Choke .2 point O and I got to give credit where credit
• 41:49
  is due. Nick Carter, we you know what
• 41:52
  I'll give us credit a little bit.
• 41:53
  I'll pat ourselves in the back a little bit.
• 41:55
  We just, we aren't as articulate as Nick when it comes to writing
• 42:01
  down all the evidence. But if you guys have been tuning
• 42:04
  into simply Bitcoin, we have literally piece by piece have
• 42:09
  been pointing out all the things that have been done to go after
• 42:15
  the industry. At first we started, we were on
• 42:17
  the fence about it. We're like, there's no way.
• 42:21
  But then it started to escalate. The Tornado Cash arrests setting
• 42:26
  the precedent, the Coin Center lawsuit being lost, that set the
• 42:30
  precedent. As soon as that precedent was
• 42:32
  set, within a month, the Samurai Wallet developers were arrested.
• 42:36
  The attack on self custody, the attack on Bitcoin mining, the
• 42:40
  proposed 30% Bitcoin mining tax, right.
• 42:44
  So all of these things started to come up and you're like, wait
• 42:46
  a second, there might be something going on here behind
• 42:49
  the hood. I think where we have found the
• 42:53
  smoking gun. I mean the smoking gun.
• 42:56
  By the way, shout out to everyone on Zapdop stream
• 42:58
  continuing to ZAP us. Really, really appreciate it.
• 43:01
  I don't know if you guys know this, but in 10 years, you've
• 43:03
  probably have sent us over $3000 so far.
• 43:07
  We appreciate it. Thank you.
• 43:08
  Generation of wealth appreciate it anyways, OK, so Opti covered
• 43:16
  this original thread by Nick Carter and Nick does an
• 43:19
  incredible job just going through it and being extremely
• 43:22
  thorough about all the things that have happened, but I want
• 43:25
  to talk about Caitlin Long. Caitlin Long has come on simply
• 43:28
  Bitcoin IRL and I remember asking her because she is
• 43:32
  launching a crypto, crypto only bank that is fully reserved
• 43:38
  based out of Wyoming because of Wyoming's favorable regulations
• 43:43
  and laws. However, what's stopping her is
• 43:46
  her ability to get a federal banking charter which her which
• 43:50
  would make her competitive with other banks.
• 43:53
  And I remember asking her, I'm like like Caitlin, like why do
• 43:57
  you think she she haven't you haven't got it.
• 43:59
  And she told me verbatim her words, not mine.
• 44:02
  She says, I believe these words came directly from the White
• 44:06
  House. And this was, you know, like I
• 44:09
  would say like a year ago. But we, we, we had suspicions at
• 44:13
  that point, but we, we never knew for certain when now a
• 44:18
  couple months later, a couple months have happened.
• 44:21
  And we now know that Elizabeth Warren has done many malicious
• 44:28
  things, including writing that article with the Wall Street
• 44:32
  Journal, basically claiming that Bitcoin was being used to raise
• 44:38
  money for terrorism. And it was like she blew it out
• 44:41
  of proportion. The percentage of money that was
• 44:44
  being raised and what percentage of that money was Bitcoin.
• 44:49
  It was discovered after the fact in a testimony between Tom Emmer
• 44:55
  and the head of the I believe the the institution is the FDIC.
• 45:02
  But anyways, Tom Emmer got the head of that institution which
• 45:06
  Elizabeth Warren was citing to. It was the fin cent to admit
• 45:11
  that the vast majority of terrorist financing is actually
• 45:16
  coming from the traditional system.
• 45:18
  But Elizabeth Warren would like you to believe that that's not
• 45:22
  the case. Elizabeth Warren would like you
• 45:23
  to believe that it's being it's Bitcoin that's being used to
• 45:27
  launder on this money, which came out.
• 45:30
  The head of the Fin Cent even admitted that that wasn't the
• 45:33
  case. They actually preferred the
• 45:35
  traditional system. So it's all these attacks coming
• 45:39
  from different attack vectors. And again, she's not she's not
• 45:42
  hiding this. She's making it very apparent.
• 45:45
  She's actually made it part of her electoral campaign when
• 45:49
  she's basically saying this, saying things like along the
• 45:52
  lines of yes, we're building an anti crypto army type of thing.
• 45:57
  So anyways, this is one of the latest things that was
• 45:59
  uncovered. I consider this a smoking gun in
• 46:02
  terms of collusion. And again, I would say that this
• 46:07
  is a misrepresent. This is a purposeful
• 46:10
  misrepresentation of the facts to make the industry look bad.
• 46:16
  This was essentially a hit job conducted on a crypto friendly
• 46:21
  bank. And by the way, this happened
• 46:24
  not too long ago when the Fed and I think it was the FDIC both
• 46:31
  took enforcement action against Customers Bank, which again
• 46:36
  happens to be one of the last friendly crypto remaining banks
• 46:39
  in the United States. So, you know the operation choke
• 46:43
  .2 point O is alive and well. It has not gone away despite the
• 46:50
  change in rhetoric coming from certain political candidates.
• 46:54
  Just want to say that anyways, here's Caitlin Long bombshell
• 46:58
  relevation that Silvergate was liquid and solvent when the Fed
• 47:02
  forced it to close to close changes everything When analyzed
• 47:06
  the March 2023 bank failures. Look at the dates.
• 47:10
  March 8th, Silvergate voluntarily liquidates.
• 47:14
  March 10th, Silicon Valley fails.
• 47:16
  March 12th, signature fails. Here's the highlighted part of
• 47:20
  the passage. However, the increased
• 47:22
  supervisory pressure on Silvergate and the other bank
• 47:25
  focused on servicing crypto asset businesses forced
• 47:28
  Silvergate to a point where it would have needed to remake its
• 47:32
  business model away from its focus on crypto asset business.
• 47:36
  By the way, again, this just happened with Customers Bank
• 47:41
  recently where the Fed essentially wanted to be the
• 47:44
  determining factor on which banks are allowed to provide
• 47:50
  services to Bitcoin and crypto and which banks are not allowed
• 47:54
  to provide services to Bitcoin and crypto.
• 47:57
  And if you break it down like first principles for a second
• 48:00
  Opti, could you make me full screen think about that?
• 48:02
  The incumbent player that has everything to lose if Bitcoin
• 48:07
  succeeds wants to be the regulator that gets to decide
• 48:13
  what banks are allowed to bank the Bitcoin and crypto industry
• 48:18
  and what banks are not allowed to bank the Bitcoin and crypto
• 48:22
  industry. Does that sound fair to you?
• 48:24
  I also want to add that the Federal Reserve is not a
• 48:28
  democratic institution. The chairman is appointed.
• 48:31
  He is not elected. So where is the accountability
• 48:34
  there? I'll leave that up to you guys.
• 48:36
  I, I, I just feel like they're not playing fair, that that's
• 48:38
  just, it's a hunch. It's a hunch.
• 48:40
  Anyways, it goes on to say however they increase.
• 48:42
  So you guys get the point on there.
• 48:44
  Number two, stop and think about that timeline.
• 48:47
  Think would Silver, would Silicon Valley Bank have failed
• 48:50
  had Silvergate not been forced by the Fed to close just two
• 48:54
  days earlier? Recall the the bank run on
• 48:57
  Silicon Valley really got started on March March 9th, the
• 49:00
  day after Silvergate announced it would liquidate #3 reminder,
• 49:05
  Silvergate cost the FDIC Deposit Insurance fund nothing, but the
• 49:09
  subsequent bank failures cost the FDI CS dearly.
• 49:12
  Silicon cost 20 billion, Signature cost it 2.4 billion,
• 49:17
  and First Republic cost it 15.6 billion.
• 49:21
  Oh, and regarding the latter, JP Morgan bought First Republic and
• 49:24
  its stock price went up 4% on that news by roughly the same
• 49:29
  amount as First Republic cost the FDIC roughly a dollar for
• 49:34
  dollar value transfer from the FDIC to JP Morgan shareholders.
• 49:38
  The big got big error, but zoom out.
• 49:41
  Would any of the above have happened had the Fed not done to
• 49:44
  Silvergate what it did just days before?
• 49:47
  Who at the Fed did this to Silvergate?
• 49:50
  Who at the Fed is responsible for Operation Choke .2 below?
• 49:53
  Below is Nick Carter's Feb 20 February 2020 third list from
• 49:57
  his pirate wires post. the Fed names Michael Barr and Michael
• 50:01
  Gibson, so check this out the architects of Operation Choke .2
• 50:07
  point O. Of course we have Gary Gensler
• 50:09
  we have in the treasury. Neil Liang we have By the way,
• 50:12
  this is someone for your for your guys information.
• 50:16
  Burat Rama Ruti, I'm sorry if I pronounced that incorrectly that
• 50:21
  Kamala Harris wants to make part of her administration.
• 50:25
  Just want to make that clear for everyone.
• 50:27
  FDIC we have Martin Grenberg and of course we have our favorite
• 50:32
  anti Bitcoin senator, Elizabeth Warren.
• 50:35
  We have Michael Barr and Michael Gibson, right.
• 50:37
  So these apparently are all the people involved in Operation
• 50:41
  Choke .2 Point O and Caitlin Long ends with with Will history
• 50:46
  be kind to the to the mess they unleashed So you know Nick
• 50:51
  Carter. Again, I highly recommend
• 50:52
  checking this entire thread, which Opti covered on Friday's
• 50:56
  episode. It goes more into the details,
• 50:59
  but again, now we know for a fact that, you know, there was
• 51:05
  collusion that there was basically a hit job on these
• 51:10
  crypto friendly banks that continue because customers bank
• 51:14
  just got hit with an enforcement action and that was reported by
• 51:19
  the Winklevi twins. Anyways, here's Ryan Selkis.
• 51:23
  I can't read some part of this tweet, but I'll read the parts
• 51:26
  that are YouTube friendly. He goes on to say sworn
• 51:30
  affidavits now confirm that Nick, I and others were
• 51:33
  screaming. About 8-18 months ago, Liz
• 51:36
  Warren coordinated an extrajudicial hit on a private
• 51:40
  bank to hurt an industry that embarrassed her because she
• 51:43
  worked with SBFS father. So I'll leave it at that.
• 51:46
  Anyways, gentlemen, I want to open it up to the panel for
• 51:49
  discussion. This is pretty crazy.
• 51:52
  Is it the role of government to shut down certain banks because
• 51:58
  they choose to offer services to an industry that could
• 52:04
  potentially threaten their monopoly and control over money?
• 52:08
  I think the question is not what is money.
• 52:11
  I think the question is what is government right?
• 52:14
  Because right now I'm a little bit confused is this, is this
• 52:19
  what the role of government? And, and you can't look at me
• 52:21
  with a straight face and tell me, oh, this is for your
• 52:24
  protection, right? Because again, you saw how the
• 52:28
  stock, stock price of JP Morgan went up.
• 52:31
  Once again, I'm seeing, you know, Wall Main Street, bail out
• 52:36
  Wall Street, that I just, that's what I just saw there.
• 52:39
  And of course, the collateral damage was a Bitcoin slash
• 52:44
  crypto friendly bank that could potentially threaten the Federal
• 52:49
  Reserve's monopoly on money. And of course, the traditional
• 52:53
  banks of which Jamie Dimon is the head of, you know, get
• 52:58
  richer in the process, right? So it's like everyone kind of,
• 53:01
  you know, the insiders all benefit at the expense of the
• 53:07
  potential disruptive players, which I find, you know, not
• 53:11
  surprising whatsoever. It's a little bit poetic.
• 53:15
  Why can't we all be like the Kingdom of Bhutan that values
• 53:19
  happiness over money? This is some Fiat shenanigans.
• 53:24
  And again, I can't get over the collusion between the federal
• 53:29
  government, the some of the some of EU s s largest banks in order
• 53:35
  to shut down a Bitcoin slash crypto friendly bank.
• 53:41
  I can't get over that. Is that the role of government
• 53:44
  should should government be able to do that in the 1st place?
• 53:47
  That's not the free market. That's not capitalism, that's
• 53:51
  crony capitalism at best. And that's I don't even I can't
• 53:55
  can't even say those words on YouTube.
• 53:57
  But you guys get the point anyways, I'm going to pass it on
• 53:59
  to Mark and then Opti's take on this.
• 54:03
  It's it's not. Just a sign of of government.
• 54:06
  It's technocracy in general. It's this idea that these
• 54:10
  wizened experts that are in many cases unelected and appointed
• 54:15
  can control reality or sort of pick and choose winners and
• 54:19
  losers and manage outcomes. And what they usually end up
• 54:22
  doing is creating chaos in their wakes.
• 54:24
  So Silvergate, they were so the Bitcoin capitalist.
• 54:28
  We we have a stock portfolio. Silvergate was in it.
• 54:31
  We reported on Silvergate every month.
• 54:34
  So we knew it was a healthy bank.
• 54:37
  It was like, this is actually a great company.
• 54:40
  They were doing well. They were managing the crypto
• 54:43
  winter. They were really playing all
• 54:47
  their cards right. So when they were like shut
• 54:50
  down, it just astounded us. It's the only zero in the
• 54:53
  history of our portfolio. And then what happened?
• 54:56
  They set off this this regional banking crisis because you got
• 55:01
  these technocrats deciding that, OK, this bank is good, this bank
• 55:05
  is bad. It sends a ripple, a shockwave
• 55:08
  through the entire system. And so suddenly you've got this
• 55:11
  regional banking crisis, Silicon Valley starts to panic and that
• 55:15
  just starts cascading through the system.
• 55:17
  And the Fed ended up having to backstop like the entire deposit
• 55:21
  base of the United States instead of just the FDIC
• 55:24
  insured. Was it intentional?
• 55:27
  I guess you could, we don't know for sure, like if this was just
• 55:30
  all collusion or was it just technocratic mismanagement
• 55:35
  spiraling out of control into a contagion that was then a case
• 55:40
  of never let a good crisis go to waste.
• 55:42
  And it made me think of as you were reciting this entire chain
• 55:46
  of events. I'm in Canada, you know, we had
• 55:49
  the the government here seize bank accounts during the Freedom
• 55:53
  Convoy. And what happened in Canada a
• 55:55
  few days after that happened, all four of the big Canadian
• 55:59
  banks went off the air one night.
• 56:01
  Like they just like behind the scenes.
• 56:04
  It wasn't really heavily reported on.
• 56:06
  You could catch it on Zero Hedge in places like that.
• 56:09
  All of the major banking online bank platforms went dark after
• 56:14
  this happened because there was chaos happening behind the
• 56:17
  scenes. And so then, you know, about a
• 56:20
  week later they come out, they say mission accomplished.
• 56:23
  They, you know, they, they declared victory and, and ended
• 56:27
  the state of emergency. But what they were really doing
• 56:29
  behind the scenes was crashing the economy and causing a bank
• 56:33
  run to start bubbling up underneath the under the hood in
• 56:36
  Canada. So that's what happens when the
• 56:39
  government decides to pick and choose winners and losers among,
• 56:42
  you know, the financial people, among banks, among bank
• 56:46
  depositors is you just, you know, this whole Fiat system is
• 56:51
  held together with spit twist ties and faith.
• 56:54
  And if you start messing with the faith part, the whole system
• 56:57
  comes unglued faster than anyone can talk.
• 57:00
  Beautiful. Beautifully said.
• 57:01
  Beautifully said. You got about two minutes before
• 57:04
  we move on to the next segment. What are your thoughts on this,
• 57:06
  my friend? Yeah, I mean I, I.
• 57:08
  Basically laid out my thoughts on Friday in regards to this.
• 57:11
  We've been covering this for a long time on the show and it
• 57:14
  just further proof that of course the system is rigged and
• 57:17
  of course the the system or the the players that have the most
• 57:21
  to lose are obviously going to do whatever they can to try to
• 57:25
  stop Bitcoin adoption. They're obviously playing dirty
• 57:29
  out there and they're they're picking winners and losers.
• 57:32
  And so I find it funny that like, like Mark just said, the
• 57:36
  system right now relies on a lot of trust.
• 57:38
  And to me, I'm, I'm always amazed that people still trust
• 57:41
  the system as legitimate. Whereas when you can view the
• 57:45
  world through the Bitcoin lens, you start to realize that things
• 57:48
  aren't exactly as they seem. There's mass deceptions being
• 57:52
  played out. You know, it's the art of war
• 57:54
  out here in regards to baking and politics and deception is
• 57:58
  one of their big tool that they're like main tool in their
• 58:01
  tool belt. And this is what we're being
• 58:03
  play out. We've been covering this for a
• 58:05
  long time. At first we were kind of giving
• 58:07
  them the benefit of the doubt. I was probably a little more of
• 58:10
  an extremist when it came to this point.
• 58:12
  And I was like, no, this is this is a very obvious hit.
• 58:15
  This is them trying to attack Bitcoin.
• 58:17
  We've been saying for a long time that we are in the then
• 58:19
  they fight you stage and they're not going to outright attack
• 58:22
  Bitcoin yet, but they are working behind the scenes to try
• 58:26
  to stop Bitcoin. And I really love that we are
• 58:28
  using the, the phrasing of they put out a hit on the Bitcoin
• 58:31
  industry because it kind of goes into something I've been saying
• 58:34
  for a while that it seems like there's a cabal, or maybe some
• 58:37
  might call it a mafia that is in control of the central banks and
• 58:41
  the government and the corporate press.
• 58:43
  And here we are. They're literally using the same
• 58:45
  type of tactics to stop something that's going to
• 58:48
  benefit the people, which really just goes to show that those in
• 58:51
  power, the the people that are supposedly, supposedly working
• 58:55
  for the people are completely unhinged, detached from reality.
• 58:59
  And they're essentially doing what they did at the end of the
• 59:02
  Roman Empire. They're trying to rob the
• 59:04
  coffers as quickly as possible and get away with it.
• 59:07
  But I think slowly but surely, the trust and the faith in the
• 59:10
  system is crumbling and people are waking up and they're
• 59:12
  looking at this and wondering like, what is going on?
• 59:15
  Why is this the system we're using?
• 59:17
  Why am I being forced to use the money that not only they can
• 59:20
  control, but I lose value in constantly?
• 59:23
  Is there an alternative? Of course, that road will
• 59:26
  eventually lead them to Bitcoin. So hey, man, we knew this was
• 59:30
  happening. Hey, man, hey, man.
• 59:32
  All right. Everybody stay tuned because
• 59:34
  we're going to talk to Mark Djokovic.
• 59:37
  Oh, I got it right, the CEO of Easy DNS and author of The
• 59:40
  Bitcoin Capitalist during The Daily Culture.
• 59:43
  So stay tuned. We'll be right back.
• 59:57
  I want to do. I want to give a.
• 59:58
  Shout out to our sponsor. Of course I'm talking about the
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  And of course, if you're on the go, you're traveling, you go to
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  a new a conference, for example, and you stay in that city for a
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  week and let's say the conference is only two days.
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  What are you going to do all those other days?
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  The orange pull up is for you has a really clever geographical
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  feature, so literally show you the bitcoiners that are near you
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  and it allows you to send them a message directly connecting with
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  them. It's also one of the best ways
• 1:00:38
  to reach me. I don't really answer random
• 1:00:40
  Twitter DMS or emails these days.
• 1:00:42
  So if you want to send me a message, send me a message via
• 1:00:45
  the Orange Pill app, download it today, scan the QR code or check
• 1:00:49
  the link in the video slash podcast description.
• 1:00:52
  Anyways, pivoting the conversation, we have a very
• 1:00:54
  special guest today, we have Mark Djokovic.
• 1:00:58
  Mark, I do want to talk about, you know, you were one of the
• 1:01:02
  1st DNS companies. You're the CEO of easy DNS to
• 1:01:07
  accept Bitcoin. You've been in business for 26
• 1:01:11
  years. What made you do, what made you
• 1:01:13
  take that bold step? Because now it's, it's obvious.
• 1:01:16
  It's like, oh, of course you accept Bitcoin.
• 1:01:18
  That's so easy, you know, But back in the day, being one of
• 1:01:21
  The Pioneers to first do that, you could have made an argument
• 1:01:25
  that they put it could, it could have potentially hurt your
• 1:01:27
  business in a way. Obviously in hindsight, I think
• 1:01:30
  you made a genius decision, but what were some of the reasons as
• 1:01:35
  to why you wanted to accept Bitcoin as a means of payment
• 1:01:39
  for your business? It was an.
• 1:01:42
  Easy decision at the time because years earlier, if you
• 1:01:46
  rewind another 10 years, there was a period that there was this
• 1:01:50
  era of digital gold currencies, right?
• 1:01:53
  E gold, PC Unix gold money, which is still around today, but
• 1:01:57
  it's more of a savings thing than a payment thing.
• 1:02:00
  And we were the first registrar then to take E gold, And so we
• 1:02:05
  were taking E gold as payment and we were redeeming it out.
• 1:02:09
  So we have physical gold, which we still have to this day on our
• 1:02:14
  balance sheet. We're probably the only tech
• 1:02:16
  company in the world with Bitcoin and gold on the balance
• 1:02:19
  sheet. But E gold didn't make it.
• 1:02:22
  The digital gold currencies didn't make it.
• 1:02:24
  They were maybe too early. They had governance issues.
• 1:02:27
  They were too centralized. So to my regret, I missed
• 1:02:31
  Bitcoin for the first few years. But when I finally came across
• 1:02:35
  it, it was 2013 and it was instant pattern recognition for
• 1:02:39
  me. I thought, you know, where E
• 1:02:41
  gold didn't succeed the first time, this time this might work.
• 1:02:46
  This one might work this time. So right away I was just sort of
• 1:02:51
  getting, getting to know the place, getting to know the
• 1:02:54
  terrain. I started sponsoring let's talk
• 1:02:56
  Bitcoin and I still keep in touch with some of them to this
• 1:02:59
  day. And you know, I'd say within a
• 1:03:02
  couple of months we were taking Bitcoin as a payment method and,
• 1:03:07
  and then, and then that was it. Like I just did that and did
• 1:03:10
  nothing else. And then as each cycle
• 1:03:13
  progressed, I just started getting more and more involved.
• 1:03:16
  And it wasn't really until I'd say maybe the 2017 cycle that I
• 1:03:21
  really began to to have like understanding that this is not
• 1:03:26
  going away. Crypto is not going away.
• 1:03:29
  For the first few years, it was like, yeah, it could make it.
• 1:03:31
  It might not make it. It's too early to tell.
• 1:03:34
  By 2017 or so, it's like, no, it's, it's not going away.
• 1:03:39
  And now it's like my opinion has changed from I used to think of
• 1:03:44
  Bitcoin as something, a German phrase called note gelt.
• 1:03:48
  And if you've heard me talk about it before, sorry, but it
• 1:03:52
  was like emergency money. Every hyperinflation has an
• 1:03:56
  emergency money. In Germany, the cities printed
• 1:04:00
  their own script and then and zam as most zamibia no Zimbabwe,
• 1:04:07
  they used like prepaid phone cards and gas cards.
• 1:04:10
  And I thought Bitcoin was like a global notgelp.
• 1:04:13
  And even that changed in 2022 after Trudeau started seizing
• 1:04:17
  the bank accounts. I was like, this is now going to
• 1:04:20
  be part of the future of money. This is now no longer, notes
• 1:04:25
  Gelt. This is going to be part of the
• 1:04:27
  next monetary regime, whatever it is.
• 1:04:30
  So that's how my my view of it evolved over those cycles.
• 1:04:35
  But at the time in 2013, like I said, it was pattern recognition
• 1:04:39
  and it was just a no brainer at the time.
• 1:04:41
  Absolutely so, and you're also. A very successful entrepreneur
• 1:04:43
  if you've been in business for 19 since 1998.
• 1:04:47
  And of course, if you've been accepting Bitcoin since 2013,
• 1:04:51
  you could surmise that. Now my question to you is what
• 1:04:54
  motivates you to write the newsletter The Bitcoin
• 1:04:57
  Capitalist, right? Because you know, obviously from
• 1:05:00
  a financial standpoint, of course, I'm assuming you're very
• 1:05:03
  successful. You have a successful company,
• 1:05:04
  you have a successful business. It's not easy to stay as a
• 1:05:08
  business owner myself. It's not easy to stay in in
• 1:05:10
  business for 26 years. So what motivates you to write
• 1:05:15
  something in relation to Bitcoin like you take the time you know
• 1:05:19
  out of your day to write? The Bitcoin Capitalist
• 1:05:22
  newsletter started under lockdowns.
• 1:05:25
  And I was, you know, kind of going through lockdown
• 1:05:28
  psychosis, and I had to do something to stay sane.
• 1:05:32
  I think every entrepreneur started another at least one
• 1:05:35
  other business under lockdowns. And I wasn't intending to be
• 1:05:39
  Bitcoin. I just thought I was going to
• 1:05:42
  just hone my craft of investing. I've always, you know, thought
• 1:05:47
  of myself more of an investor than an entrepreneur.
• 1:05:50
  And I thought I would focus on nano caps because I thought
• 1:05:52
  that's where I could get the alpha compared to the big boys.
• 1:05:56
  So I would just start researching these little penny
• 1:05:59
  stocks and micro caps and I and I'm a value investor sort of by
• 1:06:04
  training. And so I kept finding value in
• 1:06:09
  the same place. I would find these little penny
• 1:06:12
  stock companies, tiny Bitcoin and crypto companies that were
• 1:06:17
  trade that had more Bitcoin on their balance sheet than they
• 1:06:20
  were than than they were trading as their market cap, like
• 1:06:24
  fortress technologies was one which is now Cathedra Bitcoin,
• 1:06:28
  you know, Hut was so cheap back then and bit farms.
• 1:06:32
  So I started writing these reports and I just kept coming
• 1:06:36
  back. I could only find this value in
• 1:06:38
  this one place because crypto was at all time highs.
• 1:06:42
  These stocks are trading in the toilet.
• 1:06:44
  There was this massive asymmetry.
• 1:06:47
  And so that's what I that's what I did.
• 1:06:48
  And that kind of became it was called the crypto capitalist at
• 1:06:51
  the beginning because I thought it was a neat play on, you know,
• 1:06:57
  you had you were incurring career risk by admitting you
• 1:06:59
  were a capitalist because the world was enamored with
• 1:07:03
  collectivism, still is. And then because crypto itself
• 1:07:06
  took on sort of rough connotations during the crypto
• 1:07:10
  winter, I changed it to the Bitcoin capitalist about a year
• 1:07:12
  and a half ago. Awesome man, that well.
• 1:07:15
  It's, it's, it's crazy. You know, at least there's a
• 1:07:18
  silver lining. Oh, sorry about that.
• 1:07:19
  I can't hear what it went down. At least there was a silver
• 1:07:22
  lining with the, you know, with the lockdowns, right?
• 1:07:25
  I think there was a lot of silver lining with the
• 1:07:27
  lockdowns. I think it woke up a lot of
• 1:07:29
  people to, to what's going on in the world.
• 1:07:33
  But we got a question in the chat.
• 1:07:36
  Someone is asking who the painting of the fallen Prince is
• 1:07:42
  behind you, Mark. Oh, that's Alan Greenspan.
• 1:07:46
  So these were done during the global financial crisis by an
• 1:07:51
  artist named Jeffrey Raymond. And so he painted these while
• 1:07:57
  the government was bailing out these big banksters.
• 1:08:00
  And he put the originals out front of, like, Wall Street.
• 1:08:06
  And then he can't really tell from the camera.
• 1:08:08
  But these are covered in graffiti, right?
• 1:08:10
  So you just let people on the street walk by and just write
• 1:08:14
  their thoughts on these paintings.
• 1:08:16
  But those are those are prints of those.
• 1:08:18
  And so that's Lloyd Blankfein, of course, that guy, and that's
• 1:08:24
  Alan Greenspan. I love it.
• 1:08:26
  I love it and very. Very poetic.
• 1:08:28
  I love it. You're a bitcoiner at heart.
• 1:08:30
  Anyways, I do want to talk about your business.
• 1:08:32
  And then I got one more question for you.
• 1:08:34
  We already got people, we already got fans of your
• 1:08:35
  business in the chat. Tora Pottle says easy DNS is is
• 1:08:40
  legit 100%. So what is EZDNS?
• 1:08:43
  What, what services does it provide?
• 1:08:45
  And of course, now we know you can pay in Bitcoin for those
• 1:08:49
  services. Yeah, so we are.
• 1:08:51
  Like a domain registrar, DNS provider, web host, managed
• 1:08:56
  WordPress and we do VPS hosting and e-mail now.
• 1:09:00
  And why it matters to this industry is crypto companies,
• 1:09:06
  Bitcoin companies specifically. You have risk from two sides and
• 1:09:10
  some of the other registrars out there, you're incurring a risk
• 1:09:14
  just by being with them. I'm not going to name names.
• 1:09:17
  We're on white, you know, we're on we're in the we're in the the
• 1:09:21
  lobby of big tech right now on YouTube.
• 1:09:23
  So we can't sort of spill the punch bowl.
• 1:09:26
  But, you know, some places, if you're a crypto company and
• 1:09:31
  you're with a certain registrar, you're going to get targeted
• 1:09:34
  because people know that they can gain those companies into
• 1:09:38
  letting you hijack your account and change the name servers and
• 1:09:41
  take over the domain even for a few hours.
• 1:09:43
  That can be catastrophic. And the registrar itself
• 1:09:47
  sometimes has animosity towards the space.
• 1:09:50
  So suddenly, you know, a crypto company or an exchange or some
• 1:09:53
  platform suddenly finds their domain suspended because it
• 1:09:57
  violates some nebulous community standards.
• 1:10:00
  We love the whole space. We're Bitcoin primacy, but we
• 1:10:04
  we're friendly to the entire crypto space.
• 1:10:06
  We got involved in Ethereum name service just because they were
• 1:10:09
  down the road first with decentralized naming.
• 1:10:14
  I have my criticisms of Ethereum and that whole move from proof
• 1:10:18
  of work to proof of stake. But the point is we're a naming
• 1:10:21
  company. So we look everywhere where we
• 1:10:23
  see this innovation in naming and decentralized DNS, which
• 1:10:27
  hasn't really happened on Bitcoin yet.
• 1:10:29
  And I'm kind of waiting and maybe we got to push a bit, but
• 1:10:32
  it will happen. There's things like Stacks and
• 1:10:36
  dot, BTC and side chains like that.
• 1:10:39
  So yeah, we're just, you know, we take care of the risk on both
• 1:10:43
  sides of the equation, from hackers setting up fake websites
• 1:10:47
  that are targeting your exchange to registrars that just don't
• 1:10:51
  understand your business model. We do understand it because we
• 1:10:54
  wouldn't breathe it. Awesome.
• 1:10:56
  Yeah. You guys go.
• 1:10:57
  Check out Let me get the URL correct easydns.com.
• 1:11:03
  They accept Bitcoin. And if you're looking for
• 1:11:05
  hosting a website, like I said, it seems like Mark has your back
• 1:11:10
  covered and he is familiar with the types of attacks that you
• 1:11:14
  potentially might incur, not to mention the fact of the fact
• 1:11:19
  that you're not hosting your website with one of the big tech
• 1:11:24
  platforms. Let me, I'm sorry to interrupt.
• 1:11:27
  Let me we'll we'll make a coupon code.
• 1:11:29
  It's not going to be live until a few minutes after the show.
• 1:11:32
  I'll tell the guys to do it. Simply Bitcoin 21% off your
• 1:11:36
  initial purchase, whatever you want in there so simply Bitcoin
• 1:11:40
  all in one word we'll get that live within the hour awesome.
• 1:11:43
  So what I'll do, ladies? And.
• 1:11:44
  Gentlemen is I'll put that in the YouTube description, Opti,
• 1:11:48
  you'll put that in the podcast description and you guys will,
• 1:11:53
  you guys could use that promo code for easyandeasydns.com and
• 1:11:58
  it'll get you 21% off anything on their website.
• 1:12:02
  Anyways, I usually mark what we ask our guests towards the end
• 1:12:07
  is we ask them to leave a last bit of of, of news for the last
• 1:12:15
  say for our audience. There's currently, just to kind
• 1:12:17
  of give you an idea, 1500 people watching live between YouTube
• 1:12:23
  and X and couple and maybe 100 or so on Rumble and another 10
• 1:12:28
  or so on Noster. So, any final parting thoughts
• 1:12:32
  for everybody who's watching everything?
• 1:12:35
  Is proceeding on schedule every time I see major shifts in this
• 1:12:41
  in this industry that some people think maybe signs of Co
• 1:12:47
  option like BlackRock, you know opening up the floodgates with a
• 1:12:51
  with an etfi. Don't look at it as someone's
• 1:12:55
  trying to Co opt Bitcoin. I mean, surely they probably
• 1:12:59
  will. I look at it as Bitcoin wins.
• 1:13:02
  Bitcoin is almost preordained to win.
• 1:13:06
  And when someone like Larry Fink changes his mind and says, OK,
• 1:13:10
  we have to we we have to go from hating this space to embracing
• 1:13:14
  this space, It's because he got his behavior forced, you know,
• 1:13:18
  which is what he likes to famously say as to other people.
• 1:13:21
  And that's happening across the world.
• 1:13:24
  You know, you have Trump saying, you know, becoming completely
• 1:13:27
  orange peeled. Aside from that other thing, you
• 1:13:30
  know that other crypto he's doing, he's still talking a good
• 1:13:33
  game for Bitcoin with the strategic asset reserve.
• 1:13:38
  Even the Dems are pivoting on crypto and Bitcoin because they
• 1:13:42
  just see which way the wind is blowing and this is the great
• 1:13:46
  opt out. Bitcoin is a short on clown
• 1:13:50
  world. That's my shorthand on it,
• 1:13:52
  right? It's just the way.
• 1:13:54
  I can't say it on YouTube, but it's like bleep it all right,
• 1:13:58
  I'm stacking sats. There's not a damn thing anybody
• 1:14:01
  can do about it. And like you said, this train is
• 1:14:05
  not stopping. Love it, love it well.
• 1:14:08
  Hold on hold. On guys, this was simply Bitcoin
• 1:14:13
  Live. For September 24th, 2024, I'm
• 1:14:15
  your host Nico's my Co host Optimus Fields and our guest for
• 1:14:18
  today, Mark Djokovic, the CEO of easy DNS.
• 1:14:23
  Again, you guys could use promo code simply Bitcoin to get 21%
• 1:14:27
  off anything on the easy DNS website and he is the author of
• 1:14:30
  the Bitcoin capitalist newsletter, so go check that
• 1:14:34
  out. Subscribe anyways guys, we love
• 1:14:35
  you all. If you guys enjoyed the show,
• 1:14:37
  smash the like button. If you feel like we provided you
• 1:14:39
  value, consider subscribing and shout out to the over 2000 sats
• 1:14:43
  that were zapped to us during the live stream on Noster.
• 1:14:46
  You guys again, you guys can find find us on your favorite
• 1:14:49
  audio platform. We're everywhere YouTube, rumble
• 1:14:52
  X Noster everywhere, Apple podcast, Spotify, wherever you
• 1:14:57
  can find us, we'll be there guys love you all.
• 1:14:59
  We'll see you tomorrow for brand new episode of of Simply Bitcoin
• 1:15:03
  Live. And of course, stay tuned for
• 1:15:05
  Dante's Bitcoin simply dropping later on in the day.
• 1:15:10
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• 1:15:13
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• 1:15:17
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