Latest / Simply Bitcoin / He Wasn't Meant To Say This: Bitcoin Hits $1M in The Next 48 Months! | EP 1202

Transcript

He Wasn't Meant To Say This: Bitcoin Hits $1M in The Next 48 Months! | EP 1202 · Simply Bitcoin

• 0:00
  Yo, what if we told you that Bitcoin will become the biggest
• 0:04
  asset in the world in 48 months? That wasn't me who said it.
• 0:11
  Well, giving a presentation to thousands at the Bitcoin Policy
• 0:15
  Summit in Washington, DC, the Bitcoin billionaire accidentally
• 0:20
  said something that he probably wasn't supposed to say.
• 0:23
  I mean, it was. It was just like a slip.
• 0:24
  I was like a Freudian slip that Bitcoin overtakes the gold
• 0:29
  market cap of $19 trillion, reaching roughly $1 million per
• 0:35
  coin by 2029. This isn't simply Bitcoin saying
• 0:40
  this. This isn't our boy Ruston saying
• 0:42
  this. Isn't our boy Opti saying this?
• 0:44
  This is someone that you're very, very familiar with.
• 0:47
  So who am I talking about? I'm talking about the one the
• 0:51
  only the Michael Saylor. Before we dive into this rabbit
• 0:54
  hole, let's play the clip of Saylor talking about this at the
• 0:58
  Bitcoin Policy Summit in Washington, DC that happened
• 1:02
  only a couple days ago. Let's check it out and then
• 1:05
  we'll talk about it. It is the most powerful force in
• 1:08
  the world right now. It's growing nearly 60%.
• 1:11
  It's it's become the 7th, the 8th largest asset in the world.
• 1:13
  It's about to become the largest asset in the world in the next
• 1:16
  48 months. The largest ass it is the most.
• 1:23
  I mean, dude, like I, I don't know if he, I don't know if you
• 1:27
  realize what he said. And there's a ton to unpack
• 1:30
  here. By the way, I'm joined today
• 1:33
  with Dom Bay from proof of workforce and of course our boy
• 1:37
  Opti in the house and the Dom is, is, is running for
• 1:41
  something. We're going to be talking about
• 1:43
  that all about that during the culture segment on today's show.
• 1:46
  But again, the confidence in sailors voice when he said this,
• 1:51
  remember this is the same Michael Saylor that predicted
• 1:54
  that three things were going to happen.
• 1:56
  What were those three things that changed in the fast B
• 1:58
  accounting rules that banks were going to be able to custody
• 2:01
  Bitcoin and that there was going to be an approval of a spot
• 2:04
  Bitcoin ETF. This is also the same Michael
• 2:06
  Saylor that predicted the famous mobile wave.
• 2:09
  He wrote a book about it, how essentially the mobile phones
• 2:13
  was completely going to change the future.
• 2:15
  And he wrote this like, was like 12 years ago, before the iPhone,
• 2:19
  before smartphones, before all that.
• 2:21
  That's the same Michael Saylor, right?
• 2:22
  So he's a pretty good track record of predicting emerging
• 2:26
  technologies. And he said it with such
• 2:28
  confidence. And you have to understand where
• 2:30
  Michael Saylor has been throughout the last two weeks.
• 2:34
  The White House just had their first crypto summit where they
• 2:39
  had all the industry leaders in, in the White House.
• 2:42
  And we, we got to saw the public, got to see about 20
• 2:45
  minutes of that until, you know, the media was kicked out of the
• 2:49
  room and there was a closed door conversation.
• 2:51
  And then we did a couple days we could, we did a couple episodes
• 2:54
  before that summit and we were pointing out the size of Michael
• 2:59
  Saylor's smile. We've never seen Michael Saylor
• 3:02
  smile that way before. And again, who was the audience
• 3:07
  that Michael Saylor was talking to when I played you guys that
• 3:10
  clip? It was some of the most
• 3:12
  influential and powerful politicians in Washington, DC.
• 3:16
  He wouldn't have said that lightly.
• 3:18
  And again, I think the writing is on the wall.
• 3:21
  We celebrated that day. That was one of our best live
• 3:23
  streams ever when the White House officially announced.
• 3:27
  This is their words, not simply bitcoins words.
• 3:30
  America will be the Bitcoin superpower of the world.
• 3:35
  The golden age of America has begun and it's referencing the
• 3:40
  establishment of the strategic Bitcoin Reserve and United
• 3:44
  States digital assets stockpile. Executive Order, March 6th,
• 3:48
  2025. Right?
• 3:51
  And what else did Michael Saylor talk about in this presentation
• 3:54
  yesterday? So shortly after, you know, he
• 3:57
  talked about how essentially Bitcoin was going to become one
• 4:01
  of the world's largest assets or the world's largest assets, He
• 4:06
  broke down the expected forecast for the next 15 years, right?
• 4:11
  Kind of like a recap of of the presentation that he did at the
• 4:16
  Bitcoin conference in Nashville. And here's Jesse Myers.
• 4:19
  Jesse Myers actually contributed he he made one of the one of the
• 4:24
  images, one of the graphics that sailor used in this presentation
• 4:29
  that he did in Washington, DC. But he did this thread breaking
• 4:34
  down exactly what sailors logic is behind the famous $13 million
• 4:41
  Bitcoin by 2020 by 2045. So I'm going to go through all
• 4:47
  of that and then we have a compound interest calculator,
• 4:50
  which I think is really interesting to play with and
• 4:53
  we're going to go through all that.
• 4:55
  So anyways, Jesse starts with $13 million per Bitcoin in 20
• 4:59
  years. That's what Michael Saylor
• 5:01
  expects. Thread breaking down what he
• 5:03
  sees and how he got to this number.
• 5:07
  So it's a thread for the audio listeners.
• 5:10
  The expected annual growth rate of Bitcoin is expected to
• 5:13
  diminish over time, But I mean you're still getting a 50%
• 5:17
  return expected in 2040 and 2024 and then it it kind of goes down
• 5:21
  from there and then it stabilizes around 20% but that's
• 5:25
  only until the year that's not until the year 2037, right?
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  So that's more than 10 years from now.
• 5:30
  We still got plenty and plenty of time.
• 5:33
  So let's go through all of this. First one, Sailor's analysis
• 5:37
  allows for a bearish scenario of only three million per BTC, but
• 5:42
  also a bullish scenario, as much as 49,000,000 per BTC in just 20
• 5:47
  years. How did he get these numbers?
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  And again, this is a graphic or a picture or a screenshot better
• 5:54
  said of the same presentation of the clip where we just played
• 5:57
  you. And it says as a starting point
• 6:00
  Sailor leveraged my analysis. This gave him $900 trillion of
• 6:05
  value in the world. The rationale that all 900
• 6:08
  trillion is within the scope as SOV full potential valuation
• 6:13
  framework for forecasting Bitcoin value.
• 6:16
  So sailors valuation framework from a once in a species article
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  and he breaks down, you know, the logic behind all this and
• 6:24
  essentially where Bitcoin is today.
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  I think this is an old graphic, but essentially, you know, if
• 6:28
  you compare 2 trillion by, you know, all of the world's asset
• 6:34
  value, you know, Bitcoin still has a long ways to go.
• 6:40
  Then that's the case that Michael Saylor was making in
• 6:43
  that same presentation, that same keynote that he did at the
• 6:46
  Bitcoin Policy Summit. So he goes on to say with this
• 6:49
  starting point, Saylor then needed to determine how much
• 6:52
  capital will Bitcoin absorb from other asset buckets, how quickly
• 6:56
  that will happen and what else changes along the way.
• 6:59
  Bitcoin is .2% of global wealth. So it says Bitcoin is 2 trillion
• 7:05
  or just .22% of global assets, right?
• 7:09
  So you could tell that it has a long way to go.
• 7:13
  These assumptions and the associated math resulted in
• 7:16
  Sailor's conclusion. Bitcoin will grow to a $280
• 7:20
  trillion asset or a $13 million Bitcoin in just 20 years, right
• 7:28
  And it's not that crazy, right? It's not that crazy if you think
• 7:31
  about it. Bitcoin is a superior asset.
• 7:33
  Bitcoin is superior to gold stocks.
• 7:36
  You can't take stocks with you. You can't take real estate with
• 7:39
  you real estate. You have to pay for maintenance,
• 7:41
  you have to pay for property tax With Bitcoin, you don't you
• 7:44
  don't have to worry about those things, right So here's the
• 7:46
  macro 21 year forecast and this is what it would look like
• 7:51
  right? As you can see, it's not too
• 7:52
  unreasonable, right? Like Bitcoin would still be less
• 7:56
  than all the money combined, be less than all the bonds
• 7:58
  combined, be less than the real estate market, be less than the
• 8:01
  equities market. But of course it would be.
• 8:04
  It would overtake gold. And that's what I want to focus
• 8:07
  on today, because that was what we're, that's what we're
• 8:10
  supposed to talk about, right? Sailor is wholeheartedly
• 8:13
  expecting that Bitcoin is going to overtake gold within the next
• 8:18
  4 years. If Bitcoin overtakes gold within
• 8:21
  the next 4 years, that makes it a more than a $19 trillion
• 8:25
  market cap. Based on the current market cap
• 8:27
  where we are, that's about a roughly 10:50 X.
• 8:31
  You know, that's roughly close close.
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  Or if not, $1,000,000 per coin within four years.
• 8:37
  I mean, and again, the Sailor isn't doing this at a Bitcoin
• 8:41
  conference. Sailor is saying this in front
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  of a bunch of, you know, very well, very experienced
• 8:51
  politicians. These are serious people.
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  Everyone was wearing a tie and a suit, right?
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  So he wasn't joking around. And I wanted to end it with
• 9:00
  this. And then I'm going to read some
• 9:01
  quotes from Sailor from the presentation yesterday in
• 9:04
  regards to the importance of, of the United States adopting
• 9:08
  Bitcoin, individual states adopting Bitcoin, perhaps
• 9:12
  pensions adopting Bitcoin, perhaps individuals adopting
• 9:16
  Bitcoin anywhere. Anyhow, so here is the compound
• 9:20
  interest calculator. And I just put $10,000 in there.
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  I didn't, you know, it's, it's, it is a lot of money, $10,000 is
• 9:27
  a lot of money. But I put, I put $10,000.
• 9:30
  I put a monthly contribution of roughly $100.
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  I put the length of time in years and I use the average of
• 9:39
  what Sailor expect is going to be the annual growth rate of
• 9:43
  Bitcoin for the next 20 years. And you'll see the power 29%.
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  You're like Nico, that's nothing.
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  The thing is, if it compounds over time, it's very, very
• 9:54
  powerful. So we're going to calculate that
• 9:55
  real quick. As you can see, just with a
• 9:59
  $10,000 position in Bitcoin today, if we're getting a 20,
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  remember historically Bitcoin has grown at a 250%.
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  So you know, it, it, it, I think 29 percent is conservative.
• 10:14
  But for the sake of playing it on the safe end, just with a
• 10:18
  $10,000 investment today, if Bitcoin continues to grow at a
• 10:23
  29%, you know, CAGAR year over year, I mean, you're seeing 2
• 10:30
  and you're contributing $100 a month.
• 10:34
  You know, you can end up with two point, you'll be a multi
• 10:36
  millionaire, right? That's absolutely crazy.
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  But what about 10 years? I mean, still a lot of money,
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  $176,000, right? So I mean, this is the power of
• 10:46
  compound interest. And of course you guys could,
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  you know, plug in whatever number here and you know,
• 10:52
  experiment, right? Everyone's situation is
• 10:55
  different. These are some of the highlights
• 10:57
  from the speech that Saylor made yesterday, the keynote at the he
• 11:02
  called it the Bitcoin for America, and it was, it was
• 11:05
  called for audio listeners Michael Saylor, Bitcoin and
• 11:08
  American Digital Supremacy. These are some of the quotes.
• 11:12
  I'm here today to show you how the Strategic Bitcoin Reserve
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  represents a strategy for United States digital supremacy in the
• 11:19
  21st century. And he went on to argue in favor
• 11:22
  of Bitcoin as digital property, asserting that the United States
• 11:25
  should acquire as much of it as possible so that it could quote,
• 11:29
  rent and finance on the top of that property.
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  He also poised that trillions of dollars in commerce will flow
• 11:35
  over the Bitcoin network, which is another reason why the US
• 11:38
  should prioritize acquiring its share of the network.
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  Moreover, he asserted that Bitcoin embodies American values
• 11:45
  and that owning it is the next best thing to living in the US.
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  Everybody who who is living in Asia, in Africa, would move to
• 11:53
  the US if they could. They'd move their money to the
• 11:56
  US if they could. They'd want the currency of the
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  US. They want the security of the
• 12:00
  US. They want the values of the US,
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  but they can't have it. So the second best thing they
• 12:05
  can have is to move their money into the Bitcoin network, which
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  has all the values, protection and security of the US.
• 12:15
  It's an incredibly powerful speech.
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  I believe it's about 33 minutes long highly just so you guys
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  watch the entire thing. But the signal, I think the
• 12:23
  thing that I really want to focus on is the confidence of
• 12:26
  which he said, you know, this Bitcoin thing is essentially
• 12:31
  going to reach the market cap of gold within four years, right?
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  That's a 10X from now. Most people don't get a 10X
• 12:37
  return on their investment in their entire lifetime.
• 12:40
  So I think it's a tremendous opportunity.
• 12:42
  Even if it doesn't do 10X, even if it does A5 XI mean a 5X is is
• 12:48
  is incredible, right? Like it it you know, the the
• 12:51
  rule of thumb in the stock market is there you're supposed
• 12:54
  to just double your money every 10 years, right?
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  Like you know of a 5X right in four years.
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  It's that's half of what sailors is saying.
• 13:02
  But again, I think sailor is Privy to information we don't
• 13:07
  have based on the fact that we know that Trump that sailor was
• 13:12
  at Mar a Lago. We know that Sailor was at the
• 13:15
  White House. We know that his whole cabinet,
• 13:19
  including Howard Lupnik, the chairman of Counter Fitzgerald,
• 13:23
  is now the secretary of commerce.
• 13:26
  He's essentially in charge of, you know, this, this budget
• 13:30
  neutral accumulation strategy tied with the strategic Bitcoin
• 13:34
  reserve. In the executive order, they
• 13:37
  said that they're trying to figure out ways in order for the
• 13:39
  United States to acquire more Bitcoin.
• 13:42
  And of course, the reintroduction of the Bitcoin
• 13:45
  Act by Senator Cynthia Lummis that occurred, that was
• 13:47
  announced during the Bitcoin Policy Institute where the
• 13:50
  United States will acquire up to 1,000,000 Bitcoin.
• 13:54
  I mean like, like it's, you know, if that I've been saying
• 14:00
  this for a very long time now and the more I find out, the
• 14:03
  more, more unashamed I am of it. If the United States right now,
• 14:08
  the United States is going to huddle, that's going to, that's
• 14:10
  guaranteed the two, the roughly 200,000 coins that they have,
• 14:13
  they're going to huddle them. They're not going to sell them.
• 14:15
  But let's say the United States starts acquiring Bitcoin and
• 14:21
  they they want to get, they want to reach that 1,000,000 coins.
• 14:25
  Like, I mean like, like I would be extremely surprised if we
• 14:31
  didn't hit half $1,000,000 Bitcoin by by the end of the
• 14:33
  year. I mean, there's not enough
• 14:34
  Bitcoin to go around. We've done the math for you guys
• 14:37
  all the time, right? If every millionaire around the
• 14:41
  world wanted to buy just one, they physically could not.
• 14:45
  I think that was actually even mentioned in one of the the
• 14:48
  White House orders, right. So the point is this absolute
• 14:51
  scarcity is meeting the money printer, right?
• 14:55
  And what do you think that's going to do to the price, right?
• 14:57
  It's going to make number go up. So yeah, but I mean Opti, I
• 15:00
  mean, we, we nailed that when we saw that smile from sailor that
• 15:04
  first time, bro, we were we were like, yo, something's about to
• 15:08
  happen. And then the next day the White
• 15:10
  House, the the, the so-called crypto summit at the White
• 15:13
  House, We were like, we were blown away.
• 15:15
  We're like, holy shit, this is #1A Bitcoin only strategic
• 15:18
  reserve. And the United States government
• 15:20
  just announced they're going to buy more Bitcoin.
• 15:21
  Like, what do you think's going to happen to the price?
• 15:23
  Like, Sailor knows something. Sailor knows something is going
• 15:26
  on. And yeah, man, I think number go
• 15:29
  up. I think this is an
• 15:30
  inevitability. Other nation states are going to
• 15:32
  follow in the United, in the United States's foot footsteps.
• 15:35
  I know pension funds are are are getting, you know, exposure to
• 15:39
  Bitcoin as well. So I mean, look, Dom, I'm going
• 15:42
  to pass it on to you, man. This is it.
• 15:44
  This is an incredibly exciting time in the United States, not
• 15:48
  only for it to benefit the people of the United States, but
• 15:51
  in the individuals of the United States.
• 15:53
  Start benefiting from number go up technology.
• 15:56
  Start benefiting from Bitcoin. Yeah, Nico Opti.
• 16:02
  Gosh, it's an honor as always. And shout out to the Simply
• 16:05
  Bitcoin fan base, one of the strongest in the game.
• 16:10
  Yeah, hearing, hearing everything you laid out, it gets
• 16:13
  me thinking about this. I wish we all wish we could have
• 16:17
  been in the conversation when Bitcoin had a market cap of
• 16:20
  100,000 and people were saying it'll never hit a million.
• 16:24
  We wish we could have been in the conversation when they were
• 16:26
  saying it hit 10 million and people were saying no, that
• 16:30
  won't happen, 100,000,500 million, a billion, right, 20
• 16:35
  billion. Fifty, 100 billion, five, 100
• 16:38
  billion, a trillion. At every step of the way there's
• 16:42
  been people that have said we're done, Bitcoin's dead.
• 16:46
  It can't like it's the bubbles here.
• 16:49
  We're at an inflection where if you're watching what Sailor is
• 16:52
  saying, you're going, the guy's out of his mind, he's crazy.
• 16:55
  It's not going to overtake gold, but all that is, is a replay of
• 16:59
  the same conversation that happened at every step along the
• 17:02
  way of the market cap. So at some point you have to
• 17:06
  just learn Bitcoin and say, fine, I have to make up my own
• 17:09
  decision here. And for those of us that have
• 17:11
  learned Bitcoin, we know the trajectory it's on.
• 17:15
  So it doesn't seem crazy to us. But for people from the outside,
• 17:18
  it seems insane. Just know for those sitting
• 17:21
  right now watching the predictions of the next cycle
• 17:23
  saying that's insane, you're in good company because there were
• 17:27
  people having the same reaction at each step of the market cap.
• 17:31
  So incredible stuff going on at the national level.
• 17:36
  I know their strategic reserve and and the executive orders
• 17:40
  unsure whether it's going to happen.
• 17:42
  It continues to re emphasize the importance of learning Bitcoin.
• 17:46
  We're no longer at a place of luxury where we can afford not
• 17:50
  to learn about Bitcoin, not to learn the why of it and not to
• 17:54
  study what it means for the financial system and the legacy
• 17:57
  system. So that's my little take off of
• 18:00
  all of that bullishness from the BPI of Bitcoin First or America
• 18:05
  First America Bitcoin America. Bitcoin for America.
• 18:09
  One hundred, 100%. That's a good take, by the way.
• 18:11
  Everybody stick around for the culture segment today because we
• 18:15
  have Dom Bay in the house. Dom after over a decade of
• 18:20
  championing workers and wage earners, he's officially running
• 18:25
  for the CalPERS Board of Trustees to protect our nation's
• 18:30
  largest public pension serving 2,000,000 participants.
• 18:36
  So this is absolutely massive. This is what we need.
• 18:39
  We need Bitcoiners. We need Bitcoiners really
• 18:42
  spreading the message of Bitcoin so that specially and and I want
• 18:45
  to talk about Bitcoin being the money of the working class,
• 18:48
  right? Like Bitcoin protects the
• 18:50
  working class from the ravages of inflation, right?
• 18:53
  Like Bitcoin is middle class money.
• 18:56
  The middle class, you know, they're they're living paycheck
• 18:59
  to paycheck, they're trying to get by.
• 19:01
  And if you're living paycheck to paycheck and you're earning in
• 19:04
  Fiat and you're saving in Fiat, you get absolutely, you know,
• 19:07
  you get wrecked, right? This is what Bitcoin is all
• 19:10
  about, right? It's a bottom up movement.
• 19:12
  So congratulations to Dom about that.
• 19:14
  And we're going to talk about it during the culture segment.
• 19:16
  We're going to do a deep dive. Opti, what's your take on this
• 19:20
  bullish or bearish from sailor? I mean, dude, he must know
• 19:24
  something we do not, man. Because like the confidence when
• 19:29
  he was saying like, yo, listen man, like this is going to reach
• 19:33
  1,000,000 in the next four years.
• 19:35
  I'm going to play it one more time.
• 19:36
  And then Opti I want to get your take.
• 19:38
  It is the most powerful force in the world right now.
• 19:40
  It's growing nearly 60%. It's it's become the 7th, the
• 19:43
  8th largest asset in the world is about to become the largest
• 19:46
  asset in the world in the next 48 months.
• 19:48
  The largest asset there is no flinch.
• 19:54
  There was no emotion when he said that he was just like look,
• 19:57
  this is inevitably what's going to happen anyways before I pass
• 20:01
  it on to Opti guys almost 2000 live viewers across YouTube and
• 20:07
  X. If you guys are enjoying the
• 20:09
  show so far, make sure to smash that like button of course shout
• 20:13
  out to the rumble audience. The most hardcore chat always
• 20:18
  always bashing me and Opti. Opti what's your take on this
• 20:21
  man is sailor being? Being overly bullish, overly
• 20:25
  bearish. What's your take, Opti?
• 20:27
  Well, I think it's really interesting considering that
• 20:30
  2045 chart, if you kind of put it in context to those
• 20:35
  predictions, of course, it was what, 3 male, 13 male and
• 20:38
  49,000,000 by 2045. Of course he's, you know, making
• 20:42
  different predictions based on kind of different inputs.
• 20:46
  But I think like, again, if you put that in context like
• 20:49
  1,000,000 in four years, essentially 48 months, like that
• 20:53
  is crazy. That's I'm guessing this is more
• 20:56
  of the bull case than the bear case.
• 20:59
  So it's going to be very interesting to see what plays
• 21:02
  out. But I think the main point here
• 21:05
  is kind of what you guys have been saying in the context of
• 21:09
  who he is saying this to. He's obviously in Washington and
• 21:12
  DC. There's obviously either people
• 21:15
  within the Trump administration, whether it's like AIDS or
• 21:17
  someone, you know, secretary personnel.
• 21:21
  And I, I think it, it has a little more weight than when
• 21:25
  it's just us talking on Twitter or it's, you know, Saylor doing
• 21:29
  a podcast with a Bitcoin podcaster.
• 21:32
  You got to understand that he definitely is reading the room.
• 21:35
  He knows who he's talking to. He knows the audience that he's
• 21:38
  speaking to. So in many respects, this might
• 21:41
  even be a bearish prediction from Michael Saylor in regards
• 21:45
  to who he's talking to. Like if he's saying $1 million
• 21:49
  Bitcoin in 48 months, I, I'm kind of suspect that he, either
• 21:53
  one, knows some things and two, he's probably downplaying what
• 21:57
  he actually believes. And we've been talking about
• 21:59
  this for a long time, the chats kind of saying how many times
• 22:01
  can we predict $1 million Bitcoin in the next 4 years?
• 22:04
  It wasn't. Us it wasn't.
• 22:06
  Us, I know, I know. And that's the funny part.
• 22:08
  And I mean, I've been saying for a while that by next cycle, I
• 22:11
  think $1 million Bitcoin is definitely in play.
• 22:14
  But you got to also remember like he is probably downplaying
• 22:18
  this sailor has been downplaying, I think in a lot of
• 22:21
  respects, all of the predictions he's been saying to the
• 22:24
  corporate press for as long as he's been out there.
• 22:26
  Like he's playing on a different level than we are.
• 22:28
  Yes, we can come out here and and just pull out ridiculous
• 22:31
  price predictions just because we're as bull tarted as anyone
• 22:34
  else can be. But when you are talking to a
• 22:38
  more professional, more, you know, conservative audience, you
• 22:42
  don't just throw out $1,000,000 price predictions in the next 48
• 22:45
  months Willy nilly. Like you're saying this with
• 22:47
  obviously a lot of math and receipts to back it up because
• 22:51
  you know that you're going to get shredded.
• 22:53
  So I'm kind of on the fence that I think even Saylor himself is
• 22:57
  being bearish on this prediction.
• 22:58
  Obviously we'll look back on this in four years and be like,
• 23:02
  yeah, we were right then. And you know, everyone that is
• 23:05
  calling us too bullish, you know, they'll be eating their
• 23:08
  cake. But I, I'm kind of on the same
• 23:10
  plane. I've been saying for a while,
• 23:12
  you know, 300 K probably by this year, even though now as the
• 23:16
  price dumps, it's like, dude, how can you even predict 300K?
• 23:19
  We should get back to 100K. So well, I'm kind of been saying
• 23:22
  300K for months now, maybe over a year now just by like vibe
• 23:26
  base price prediction. So I think a million in four
• 23:30
  years. I don't think that's out of the
• 23:32
  realm of possibility. Like I think it's very, very
• 23:35
  clear that that's where we're going.
• 23:36
  And what 49 mil I'm, I'm I'm going with him. 50 mil by 2045
• 23:41
  is my price prediction. Hold me to that in 21 years and
• 23:45
  we'll we'll have the combo then. 100% first of all I want to give
• 23:49
  a shout out to the Super chat. Appreciate the $2.00 brother.
• 23:53
  It is a vault dweller says it is official.
• 23:56
  I am a Bitcoin maximus. We should.
• 23:59
  There we go you read my mind, the air horns all right guys,
• 24:04
  before we jump into today's show, because we got it it's
• 24:07
  loaded with content. We're going to be talking about
• 24:11
  essentially how the trump administration is officially
• 24:13
  ending operation choke .2 point O.
• 24:16
  We're going to be playing you guys the clip because we
• 24:18
  mentioned this during the opening segment about how the
• 24:22
  the administration plans to explore different pathways to
• 24:26
  accumulate Bitcoin. Again, I'm telling you, this is
• 24:29
  all happened a lot sooner than than than participated.
• 24:32
  I originally when we started simply Bitcoin, I was like,
• 24:35
  look, there, it's inevitable that a country's going to make
• 24:37
  Bitcoin legal tender. I was like, what's going to
• 24:39
  happen in 2024? It happened in 2021 and I was
• 24:42
  like, look, it is inevitable that Bitcoin is going to enter
• 24:45
  the mainstream political discourse by 2028, which is the
• 24:48
  presidential election coming up. But it happened in 2024, right?
• 24:53
  So in Bitcoin terms, it seems like everything happens a lot
• 24:57
  faster than you would anticipate.
• 24:59
  If I would have played you guys this clip in 2023, you would
• 25:02
  have been like, that's AI, that is doctor.
• 25:05
  There's no way that is real. I mean, like I have to remind
• 25:08
  you guys, like, look at this, look at this, this is real.
• 25:13
  This is real. I've told you guys, if you're
• 25:15
  not in the room, you're not in the deal.
• 25:18
  And we're definitely in the room.
• 25:20
  This is from coming from the White House Twitter account.
• 25:22
  America will be the Bitcoin superpower of the world.
• 25:25
  I mean, is it too crazy to think that after something like that,
• 25:29
  that like, you know, we're, we're we're not going to at
• 25:31
  least five XI mean, I, I think it's pretty naive.
• 25:34
  Another thing that I'm going to talk about too.
• 25:37
  We have an article by Bitcoin magazine counterfeitzgerald to
• 25:42
  expand Bitcoin financing amid U.S. policy shift.
• 25:47
  Again, kind of playing into the narrative of one of the things
• 25:50
  that Sailor said. He said three things needed to
• 25:52
  happen in order for Bitcoin to hit $5,000,000 per coin.
• 25:55
  The Fasby change, the changing in the Fasby accounting rules,
• 25:58
  the approval of the spot Bitcoin ETF and the ability for banks to
• 26:01
  custody Bitcoin, that kind of plays into all of that.
• 26:04
  And during the culture segment, you guys are going to want to
• 26:07
  stick around because we have Dom Bay joining us in the house
• 26:11
  today. Dom Bay is running to be on the
• 26:14
  Board of trustees for CalPERS, the largest pension fund in the
• 26:20
  nation. So it's going to be a jam packed
• 26:21
  show guys, you're going to want to stick around.
• 26:23
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• 26:27
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• 30:10
  At the time of recording, the Bitcoin price is $80,670.
• 30:15
  Block height 887,649 sats per dollar 1239 market cap 1.6
• 30:23
  trillion Bitcoin versus gold market cap 7.63% Percentage
• 30:28
  issued 94.45% decline from all time high -20 6.1% Realized
• 30:35
  monetary inflation. My favorite stat out of all this
• 30:38
  .93%. Even if Fiat currencies get it
• 30:42
  back to 2%, Bitcoin is still literally completely better and
• 30:46
  it's it's going to go down for zero, it's going to go down to 0
• 30:48
  eventually, the realized inflation rate of Bitcoin.
• 30:53
  Anyhow, I want to play you guys this clip.
• 30:55
  We didn't play you guys this clip last time.
• 30:57
  We played you guys this clip of essentially Trump announcing
• 31:00
  that Operation Choke .2 point O is officially over in the US of
• 31:07
  A Operation Choke .2 point O was essentially happening in the
• 31:11
  backgrounds. All of the current, I mean, most
• 31:15
  of the Biden administration, especially towards the end, the
• 31:18
  last 2 1/2 years, it was like, it was just like it was war.
• 31:22
  They're de banking the industry. They're going after the miners.
• 31:26
  You saw propaganda hit pieces dropping out of legacy media.
• 31:29
  We now find now we found out that a lot of that legacy media
• 31:32
  was being being funded right like it it's you know, it's it's
• 31:36
  it's interesting. So operation choke .2 point O is
• 31:39
  officially over and this is the part that I want to pay
• 31:42
  attention to connecting it. What we were talking about in
• 31:45
  the beginning in terms of bitcoins potential potential
• 31:49
  price. So here's Trump and he says US
• 31:53
  will explore Bitcoin holdings and end war on crypto.
• 31:58
  Quote. The Treasury and Commerce
• 32:00
  departments will also explore new pathways.
• 32:02
  Actually, you know what, let's hear President Trump say it.
• 32:06
  Who knows? Who knows, but so far it's been
• 32:09
  right and well, let's keep it that way.
• 32:12
  The Treasury and Commerce departments will also explore
• 32:15
  new pathways to accumulate additional Bitcoin holdings for
• 32:19
  the reserve, provided it's done at no cost to the taxpayers.
• 32:23
  We don't want any cost to the taxpayers.
• 32:25
  In addition, my order directs federal agencies to conduct an
• 32:29
  inventory of all crypto assets currently held by the US
• 32:33
  government and determine how they can be transferred easily
• 32:37
  to the Treasury. Non Bitcoin digital assets will
• 32:41
  be held in a new US digital asset stockpile where they will
• 32:46
  be managed properly. My administration also is
• 32:49
  working to end the federal bureaucracy's war on crypto,
• 32:53
  which was really going on pretty wildly during Biden until the
• 32:57
  election came about. Who knows?
• 33:00
  Who knows, but so far. So I mean, that's pretty crazy,
• 33:04
  right? That's pretty crazy.
• 33:05
  I have no doubt in my mind that's going to happen.
• 33:08
  Like I was saying earlier, Howard Lupnik is the one in
• 33:11
  charge of that. He has, he had to sell his
• 33:14
  Bitcoin exposure. But you know, he, he said it on
• 33:17
  Palm's podcast. He's like, I, I own 10s of
• 33:20
  millions of Bitcoin, planning to buy hundreds of millions, if not
• 33:23
  billions of dollars of the Bitcoin.
• 33:24
  No one is better than their incentives.
• 33:26
  I think this is an inevitability.
• 33:28
  I think that if you're not exposed to Bitcoin, you're at a
• 33:32
  competitive disadvantage. You're you, you risk yourself
• 33:35
  getting left behind. And this applies to everyone and
• 33:38
  any institution. It's, it's, it's just as simple
• 33:41
  as that. Anyways, I'm going to pass it on
• 33:43
  to Mr. Dom Bay in the house. I mean, like, what a what a
• 33:48
  crazy moment, man. Like what, what a series of
• 33:50
  events. You know, we go from our
• 33:52
  industry being attacked last year to essentially you could,
• 33:58
  you could make an argument. The most powerful person on the
• 34:00
  face of the planet, you know, the president of the United
• 34:03
  States basically saying, yeah, the US government is looking
• 34:07
  into ways to acquire more Bitcoin.
• 34:09
  Like we've come a very, very long way since at least where
• 34:14
  where I got in around 2016. You know, back then we were it
• 34:19
  was the Wild West and now Bitcoin's growing up.
• 34:22
  So, Dom, what are your thoughts on this and specifically on the
• 34:25
  point where I said, like I think that anyone, any institution,
• 34:29
  any nation state that doesn't have a Bitcoin strategy, you
• 34:35
  know, risks getting left behind, Dom.
• 34:39
  Yeah. So we have come a long way and
• 34:42
  pretty, you know, again, Bitcoin is a tool and a network.
• 34:47
  And so the power of it extends far beyond the asset and people
• 34:52
  can use that for, you know, whatever they want to use it
• 34:55
  for. We had, you know, a previous
• 34:58
  administration that kind of shunned that industry and didn't
• 35:01
  really give much time or attention to it.
• 35:03
  In fact, in some cases attacked it.
• 35:05
  And, you know, the next administration comes in and they
• 35:07
  go, hey, we want to use this as a tool.
• 35:09
  So around the world, you don't need permission to use Bitcoin.
• 35:13
  It continues to expand and be adopted.
• 35:17
  And that's why there's the same nothing stops this train.
• 35:20
  So to your point, Nico, your comment about folks that don't
• 35:25
  have Bitcoin are not going to survive.
• 35:28
  I, I think there's a lot of truth to that.
• 35:29
  But even more important is that people that don't take the
• 35:32
  lessons from Bitcoin and learn why will not survive because
• 35:36
  again, we have a changing inflationary environment, right?
• 35:40
  Where even though we're seeing some lower numbers, true
• 35:42
  inflation is pretty heavy. Your money, if you put $10,000
• 35:47
  or $20,000, let's say $10,000 under your bed in 2020, you've
• 35:52
  lost a tremendous amount of purchasing power on that
• 35:54
  $10,000. At least you know 20% of that is
• 35:59
  wiped off if not closer to 25. And that's using the the
• 36:02
  conventional inflation calculator.
• 36:04
  It doesn't include things like energy housing.
• 36:07
  So you need to realize why are funds holding Bitcoin performing
• 36:12
  well and you need to answer that question.
• 36:15
  And and you definitely can't just, you know, not look at it
• 36:19
  or afford to not learn those lessons.
• 36:21
  So Bitcoin is a tool that is built for this environment.
• 36:25
  We know the genesis block, right, Chancellor on the verge
• 36:28
  of second bailout for banks. We know that in 2008, 2009, a
• 36:34
  ton of institutions and working wage earning people got wrecked
• 36:39
  by the legacy financial system. That's not a conspiracy, that's
• 36:42
  a fact. And you know that because
• 36:44
  pension systems prior to the financial crisis, on average in
• 36:48
  the United States were funded in the low 90%.
• 36:52
  On average, your average local and state pension was funded in
• 36:55
  the low 90s after the financial crisis.
• 36:58
  It was funded under 80% in the mid to high seventies and that's
• 37:03
  where it stayed following the longest stock market equity run
• 37:08
  in history. So the funds haven't caught up.
• 37:10
  Why? You need to learn about Bitcoin
• 37:13
  and understand why other funds are catching up and what are the
• 37:17
  tools in the modern financial environment that are going to
• 37:20
  allow you to have a portfolio to keep up with one of the largest
• 37:26
  Prince of money supply of all time.
• 37:29
  You can't afford to not learn these things.
• 37:31
  You have to learn them and then once you learn them, then you
• 37:34
  decide what is my vehicle of choice going to be for those you
• 37:38
  know that are on this show and myself and us, Bitcoin is a
• 37:41
  vehicle. We feel that is the ideal
• 37:43
  vehicle to keep pursuit in the changing financial environment.
• 37:48
  If you're not going to do Bitcoin, you still have to ask
• 37:50
  those questions. What is going to keep pace?
• 37:52
  So always open to hearing other vehicles, but I mean, it's hard
• 37:57
  to look at other vehicles outside of Bitcoin.
• 37:59
  So I think that's really pivotal to any fund managers or funds
• 38:04
  and it's pivotal to everyday workers and wage earners who,
• 38:08
  you know, again, from 2020 to now, if you didn't get a 25%
• 38:13
  raise, you took a pay cut. And if you got a 25% raise, you
• 38:17
  didn't get a raise. You have to address like what
• 38:20
  the plan is short term. We know there's going to be
• 38:23
  fluctuations. I saw you guys pulled up the
• 38:25
  price chart. We were at 80 today, which means
• 38:27
  that if you bought in the peak, you're down 25%.
• 38:31
  But as you learn Bitcoin, you have to learn how to look for
• 38:35
  the long haul and, you know, be responsible and use Bitcoin as a
• 38:39
  vehicle and learn how it flows and how it moves.
• 38:42
  We still have the you know, anyone holding Bitcoin over five
• 38:45
  years has always been in the in the green, so.
• 38:48
  Beautiful, beautiful. No, I completely agree.
• 38:50
  And I think it's a really important point, that last
• 38:52
  point, right? I've heard sailors say this a
• 38:54
  bunch of times, like anyone who's bought Bitcoin and has
• 38:58
  held it for at least a cycle, they've never lost money.
• 39:01
  I think that's really important to emphasize.
• 39:04
  Opti, what's your take on this, bro?
• 39:07
  I I mean, dude, I remember we were in the trenches, dude.
• 39:10
  We were in the trenches. Opti and I were like concerned.
• 39:13
  We're like, dude, we're going to have to move to El Salvador.
• 39:15
  Opti's like no, bro. And I'm like, bro, we're going
• 39:18
  to have to, we might be put in the gulag like crazy.
• 39:20
  What's happening here? And then Fast forward not only a
• 39:24
  like less than a year, right? You have the most powerful
• 39:27
  person on the face of the planet basically saying the United
• 39:30
  States is going to be the Bitcoin, not crypto, the
• 39:34
  Bitcoin, Bitcoin capital of the world, and basically announcing
• 39:37
  that they're trying to figure out ways to accumulate Bitcoin.
• 39:40
  Opti, what's your take? Yeah, Well, I think a lot of
• 39:43
  Bitcoiners are obviously very cynical when it comes to
• 39:46
  politicians. But I think this move that we're
• 39:49
  seeing, again, I've been saying for a while and I'm like a
• 39:51
  broken record constantly on on the same points.
• 39:54
  But I think the move from the US into Bitcoin is much more than
• 39:58
  just a symbolic or, you know, a rhetorical narrative move.
• 40:02
  We are starting to see that. There is a lot of uncertainty
• 40:06
  and mistrust in the not only the financial world, but in the
• 40:09
  institutions at large. And, you know, say what you want
• 40:12
  about Trump, but it does seem like with the backing of DOGE
• 40:17
  and all of the other things that they're doing, they are trying
• 40:19
  to address this fundamental issue that people do mistrust
• 40:23
  the system. And, and various things are
• 40:26
  being done, various policies are, are being announced or
• 40:29
  proposed. But one of the main things is
• 40:31
  why we are Bitcoiners in the 1st place is because, as we say all
• 40:35
  the time, fix the money, fix the world.
• 40:37
  And so I think right now what we're seeing is a lot of these
• 40:40
  moves by Trump going into Bitcoin.
• 40:42
  And like Howard Lutnick and all the people in the
• 40:44
  administration, I think I saw this morning, it's like half a
• 40:47
  dozen of Trump's cabinet members are either holding Bitcoin or
• 40:51
  Bitcoin advocates. And I think what we're seeing is
• 40:54
  much more than just symbolic moves going into Bitcoin.
• 40:57
  I think these are very, very clear signals that they are
• 41:00
  trying to re monetize the financial system and gain more
• 41:06
  trust into the system because people are starting to, you
• 41:10
  know, doubt what's going on in Washington.
• 41:12
  I think right now we've been the most divided ever probably and
• 41:16
  at least in my life as far as it feels.
• 41:19
  And people are fundamentally questioning, like we always say,
• 41:22
  what is government? What is their role?
• 41:24
  What is money now we're starting to see that these moves are
• 41:27
  starting to kick the dominoes. And so as we've been hearing in
• 41:30
  the last couple of weeks from, you know, the vex of the world
• 41:34
  and obviously bitcoins have been saying this for a long time, but
• 41:37
  Bitcoin has become the new hurdle rate.
• 41:39
  Yes, you can go into treasuries, yes, you can buy real estate or
• 41:43
  whatever you think is the best store of value.
• 41:46
  But Bitcoin is becoming the new, the industry standard here.
• 41:51
  Obviously, it's still in the beginning.
• 41:52
  We're still in the early innings of this and this information
• 41:54
  hasn't spread out to everyone yet.
• 41:56
  But the people that know are looking at the Bitcoin price,
• 41:58
  they're looking at their investments and they're
• 42:00
  wondering, should I just be holding Bitcoin or do I keep
• 42:03
  holding these investments? Because if it's not getting as
• 42:06
  much returned as Bitcoin is, then what am I doing here?
• 42:09
  And as we're seeing, Bitcoin is being monetized in real time.
• 42:13
  So I don't think a lot of these moves are simply symbolic moves
• 42:16
  going into Bitcoin. I think they are fundamentally
• 42:19
  trying to address a problem that we all know is a real problem.
• 42:23
  What is going on with the money? Is the money broken?
• 42:25
  Is the system broken or is the system designed in this way?
• 42:28
  And we need to create a new alternative?
• 42:30
  And so I think it's still early innings.
• 42:32
  I, you know, as high time preference as I am and I want
• 42:36
  politics and the political machine to move quicker.
• 42:39
  It does seem like they're moving at a pretty quick speed.
• 42:42
  I know last year Nico was very seriously saying, and we were
• 42:46
  having this debate on the show that we might have to leave the
• 42:49
  US. I'm obviously like, I'm not
• 42:51
  leaving. This is my home.
• 42:53
  We can't let this go down. If it, if it goes down in
• 42:55
  America, then the rest of the world is messed up.
• 42:58
  And now we've seen literally on a dime that the we've pivoted on
• 43:03
  our stance on Bitcoin, We've pivoted on our stance on
• 43:05
  freedom. And yes, it's not perfect, but
• 43:07
  I, I am cautiously optimistic about where we're going.
• 43:10
  And it's still what Nico two months at this, less than two
• 43:14
  months, six weeks of this presidency.
• 43:17
  So I think we should, you know, give him a little time.
• 43:20
  Obviously, they don't have too much time when you really kind
• 43:23
  of understand the mechanics of how the voting and election
• 43:26
  cycles go. But I do think they need a
• 43:30
  little bit of leeway here. And I think some things will
• 43:32
  happen very soon. We are going to see some
• 43:34
  catalyst and further, I don't think the US has a choice.
• 43:38
  We're seeing that ever since they announced this, every other
• 43:40
  nation is starting to follow suit.
• 43:41
  So if it's not the US being first, or rather, you know, the
• 43:44
  big one of the big superpowers being 1st and it's going to be
• 43:47
  someone else. So they're kind of backed in the
• 43:49
  corner now. They have to make these moves
• 43:52
  very quickly or else someone else is going to take their
• 43:54
  lunch. And yes, you know, we have the
• 43:57
  symbolic move of the Bitcoin that they hold is becoming a
• 44:00
  strategic Bitcoin reserve. So they seem to be in the lead.
• 44:03
  But I don't, I don't necessarily take that for granted.
• 44:06
  I think they could definitely lose is that position if they
• 44:08
  don't act quickly. 1,000,000% guys, if you guys are enjoying
• 44:13
  the show so far, we're at 186 likes.
• 44:18
  Help us break 300 likes By the time the show ends, there's 640
• 44:24
  of you guys watching live on YouTube. 200 of you guys
• 44:28
  watching live on Rumble. Rumble's been on fire these last
• 44:31
  couple days. Shout out to the Rumble audience
• 44:34
  and 2138 of you guys watching live on X.
• 44:38
  If you guys are enjoying Simply Bitcoin live, make sure to smash
• 44:42
  that like button. We still have a ton of content
• 44:45
  left for you guys. We're going to be talking to Mr.
• 44:49
  Dombe who is running for CalPERS Board of Trustees.
• 44:53
  This is the largest public pension fund in the nation
• 44:57
  serving over 2,000,000 participants.
• 44:59
  We're going to be talking to him about all the details in regards
• 45:02
  to that during the culture segment and during the new
• 45:06
  segment. Counter Fitzgerald to expand
• 45:09
  Bitcoin financing amid U.S. policy shift.
• 45:13
  And also it seems like, you know, if you have a treasure,
• 45:19
  might be a good idea to upgrade to a cold card because they
• 45:22
  might have discovered something not so good.
• 45:26
  So we're going to be talking about this ladies and gentlemen,
• 45:30
  tons of news and content for you guys only here at simply Bitcoin
• 45:34
  smash that like button. We're going to hit the news.
• 45:37
  We will be right back. I want to give a shout out to
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  Check out leaden dot IO today. All right, ladies and gentlemen,
• 48:13
  we are back. Let's check out the news Counter
• 48:17
  Fitzgerald to expand Bitcoin financing amid U.S. policy
• 48:23
  shift. Oh, wait a second.
• 48:24
  I might, might have to shift the show.
• 48:27
  Dom, am I getting this correctly?
• 48:28
  You have to, you have a hard stop in 9 minutes.
• 48:31
  All right, ladies and gentlemen, we're going to, we're going to
• 48:34
  shift it. We're going to be talking to Dom
• 48:36
  right now. We're going to, we're going to
• 48:37
  hit this during the we're going to shift this.
• 48:39
  Dom is the news today, Ladies and gentlemen.
• 48:41
  Dom is the news, right, Dom? I got it right here.
• 48:45
  OK, let's go. So Dom, Mr. Dombe,
• 48:49
  congratulations. Let's start with this big, big
• 48:52
  news for us in the Bitcoin space that you are running for Calpol
• 48:56
  CalPERS Board of Trustees. And so I asked you this before
• 48:59
  the show, how did this come about, bro?
• 49:01
  It seemed personally I'm, I'm your good friend and it seemed
• 49:05
  to come out of nowhere. So explain to the people the
• 49:07
  importance of this, what you're doing, and how this came about.
• 49:12
  Yeah, for sure. So for those that don't know,
• 49:14
  I've been a firefighter for 16 years.
• 49:17
  I've been, I was an elected board member for the Santa
• 49:21
  Monica firefighters for over a decade and in doing that got
• 49:25
  very involved with the unions, the pension system and all the
• 49:29
  things with workers and wage earners.
• 49:31
  I actually sat on a pension advisory committee in Santa
• 49:36
  Monica in 2018 and so really got a chance to learn about our
• 49:40
  pension inside and out in 2018, was looking at, you know, the
• 49:45
  spots. And the board of trustees
• 49:47
  consist of 13 members. Some of them are appointed, some
• 49:52
  of them are members of that of that board of trustees just by
• 49:57
  the position they hold in the state.
• 49:58
  And then there's elections for members at large.
• 50:01
  They don't come across or they don't open up too frequently.
• 50:04
  I saw one open up for those at home.
• 50:07
  You all know I've been very passionate about educating
• 50:09
  workers and wage earners using Bitcoin as a tool for financial
• 50:14
  literacy, teaching them about way the way money works and also
• 50:19
  have worked with other board of trustee members, including the
• 50:22
  Wisconsin Retirement System. Talked to some of their members.
• 50:26
  If for you all that remember and Nikko was a part of this.
• 50:28
  So he remembers the Nakamoto gauntlet.
• 50:31
  We had members of the board of trustees from the Wisconsin
• 50:34
  Retirement System on that show to talk about what is this
• 50:39
  thing, Bitcoin? Should we be afraid of it?
• 50:41
  What's behind it? What does it mean?
• 50:43
  And Wisconsin Retirement System ended up putting Bitcoin on
• 50:46
  their balance sheet. Ultimately, I want to run for
• 50:50
  the board of trustees for CalPERS because I want to, you
• 50:53
  know, I don't want to talk about it.
• 50:54
  I want to be about it. And so if I'm going to sit here
• 50:57
  and advocate for healthy pensions and I have an
• 51:00
  opportunity to serve the state on a board and to help, you
• 51:05
  know, guide the pension and engage people in the pension,
• 51:08
  then I'm going to I'm going to do that.
• 51:10
  And so that's why I'm running. I'm really excited to bring, I
• 51:14
  think people need to get a lot more engaged with their pension
• 51:17
  system. And that's whether you're a
• 51:18
  participant of the pension system or if you're a taxpayer
• 51:22
  in a city or state that that funds the pension, you need to
• 51:25
  get involved in that pension. You need to start asking
• 51:27
  questions, understand what's going on because it is, you
• 51:32
  know, the equivalent of a sovereign wealth fund for a
• 51:34
  state. CalPERS, over $500 billion,
• 51:38
  largest US pension fund, one of the largest funds in the world.
• 51:42
  And it's really important that this fund does well and is
• 51:46
  healthy. So that's really key.
• 51:48
  Another big part of why I'm running is like looking at the
• 51:51
  incentive models. So CalPERS in the last 10 years
• 51:55
  has had I think four or five CIOs.
• 51:58
  That's a that's a lot of turn around.
• 52:00
  And so, you know, it's important to evaluate like what are those
• 52:05
  incentives? How do we get the best people
• 52:08
  and working, you know, there to, to do that and be a conduit for
• 52:11
  people to understand what's going on.
• 52:13
  Of course, Bitcoin education is always top of the priority list
• 52:17
  and helping people understand what it is and teach people
• 52:20
  about it. So, so that's why I'm running.
• 52:24
  I hope that answers the question as to like where did this come
• 52:26
  from? Love it, bro.
• 52:29
  Love it. Yeah, absolutely killed it.
• 52:30
  OK, I am going to hit, you know, the elephant in the room head
• 52:33
  on. Dom, of course you are a
• 52:35
  Bitcoiner, and I'm sure the critics are saying that you're
• 52:38
  only running for the board of trustees for CalPERS because
• 52:42
  you're trying to force them to hold Bitcoin.
• 52:44
  What would be your response to that?
• 52:47
  Yeah. So my response is this, as a
• 52:49
  Board of trustee, like we don't make direct investment
• 52:53
  allocations if I were to be in the spot.
• 52:55
  So I mean, we don't make direct investments.
• 52:58
  They set allocations and guide into different areas.
• 53:02
  So there's an investment team that does that.
• 53:03
  My role is not to put an investment in a certain, you
• 53:07
  know, vehicle. So with that said, there's
• 53:11
  plenty of people that are already advocating to CalPERS to
• 53:15
  get into Bitcoin that you can rely on.
• 53:17
  Again, as Nico pointed out in the show, BlackRock, Fidelity,
• 53:22
  the United States, these are entities that are looking at
• 53:25
  Bitcoin, so they don't need me to be approached to look at
• 53:28
  Bitcoin. In fact, I'm sure they've
• 53:29
  already been approached. CalPERS already holds the
• 53:33
  following equities strategy. You may have heard of them.
• 53:36
  Anyone heard of strategy? Formerly MicroStrategy?
• 53:39
  How about Marathon? Ever heard of Marathon, the
• 53:42
  mining company? What about riots?
• 53:45
  They're they don't hold it anymore, but they used to, they
• 53:47
  were an early investor in riot mining company in Texas.
• 53:51
  So, you know, there's already some, some involvement there.
• 53:56
  That's I can be far more effective in providing education
• 54:00
  and really looking to engage people to participate in their
• 54:05
  pension, looking at incentive models, getting great investment
• 54:09
  team in place, and then as a board of trustee, staying out of
• 54:11
  the way and letting people do their job.
• 54:14
  You know, we're very much not supposed to get in the weeds of
• 54:17
  stuff. And so education is going to be
• 54:20
  one of my big areas of focus. And as a board of trustee, it's
• 54:23
  not like I hold a lever where oh the, the pension funds going to
• 54:27
  invest in this, but we can be a very impactful member of that
• 54:31
  board and really, you know, have a voice for both the pension
• 54:36
  participants and the pension itself.
• 54:39
  Love it. Hey Nico, we do have 3 minutes,
• 54:40
  so I want to give you an opportunity to ask a question
• 54:42
  and then Dom's got to run. Yeah.
• 54:44
  So, Dom, what inspired you to do this, my friend?
• 54:47
  Like, you know, you have a lot on your plate, bro.
• 54:49
  You're a successful guy, you know, you're living the good
• 54:52
  life, you know, And once you enter into politics, dude,
• 54:56
  politics is like, and I know it's not like elected office,
• 54:59
  but in a way it kind of is like what motivated you to do this?
• 55:02
  Because you know, elections, man, like they're they're
• 55:06
  they're they're rough, bro. So what motivated you to do
• 55:09
  this? What inspired you to do this?
• 55:11
  Yeah, inflicting as much pain on myself as possible and being
• 55:16
  committed to that. No, just joking.
• 55:18
  But I remember, I mean, I just got off a decade of of service
• 55:21
  to the union and I was like, thank God this is the burden is
• 55:24
  lifted. I sleep better now.
• 55:26
  I can relax, you know, ultimately this journey that
• 55:32
  we're all on together, especially in Bitcoin, it
• 55:35
  extends far beyond Bitcoin. And I've always been an advocate
• 55:39
  of, hey, like I'm in Bitcoin for the journey.
• 55:44
  And I know it sounds crazy and I know a lot of people are like,
• 55:47
  all right, I'm, you know, I'm here for the asset.
• 55:48
  But you know, when I first started learning about this,
• 55:51
  this was to, to like change the world for the better.
• 55:54
  And so part of that journey involves getting active in your
• 55:58
  local community. I've done that at the local
• 56:01
  level, right? And I always preach this to
• 56:03
  Bitcoiners, like if you're a Bitcoiner saying, why is the
• 56:06
  United States not doing this? My question is, what are you
• 56:09
  doing in your house? What are you doing at your
• 56:11
  church? What are you doing at your local
• 56:14
  neighborhood group or your workplace group?
• 56:17
  That's where this thing's supposed to start.
• 56:19
  And so I did that. I started with my own
• 56:21
  firefighters, right? And they got off 0 and became
• 56:24
  the first union in the country to hold Bitcoin on the balance
• 56:27
  sheet and in self custody. I branched out.
• 56:30
  I started working with other unions, talk to some pensions.
• 56:33
  That's another branching out process, right?
• 56:36
  We did the city of Santa Monica and they did a pilot to learn
• 56:39
  about Bitcoin. The the Bitcoin office had a
• 56:41
  great event involved a bunch of community members in an area of
• 56:45
  the city that was vacant and like trying to like revive
• 56:48
  itself. And so this is another step,
• 56:52
  This is another step of the journey.
• 56:54
  I'm excited for the journey. I think win, lose or draw, as
• 56:59
  you mentioned, Nico, this is a tremendous undertaking.
• 57:02
  Like it's, I have to reach 2,000,000 participants, public
• 57:07
  employees involved in CalPERS and they don't all live in one
• 57:10
  place. They're throughout the whole
• 57:11
  state. So I have to really work hard.
• 57:17
  And it is, it is an uphill battle, but I'm in it for the
• 57:20
  journey just for the same reason why a lot of your folks are in
• 57:23
  it for the journey here. This is about more than like,
• 57:27
  you know, ego or wealth. This is about trying to make
• 57:31
  positive change through our actions that we do everyday.
• 57:35
  And this is the best way that I know how to do it by serving and
• 57:39
  being in a position where I can make a positive change.
• 57:42
  Hard stop. Absolutely love it, man.
• 57:44
  I applaud you guys. We're going to put Dom's website
• 57:49
  in the live chat in a second. If you could do that, up to you.
• 57:51
  Appreciate it. And no, I got I got it right
• 57:54
  here. You guys could go check that.
• 57:57
  You guys could go check that out.
• 57:58
  Support Dom, you know, and he's absolutely crushing it.
• 58:02
  He's a friend of the show, friend of ours personally.
• 58:05
  And Dom, best of luck to you, and thank you so much for
• 58:08
  joining us today. Yeah, dude, appreciate you guys
• 58:10
  for the time people can support by getting the word out sharing
• 58:14
  the website Bay for CalPERS that you put up.
• 58:17
  I saw a comment in the in the I always love addressing the fans
• 58:20
  because the fans come first. But they said, hey, it was the
• 58:23
  Houston Firefighters retirement fund that did this.
• 58:26
  They were first. That's actually a pension fund
• 58:29
  different from a union. So pension funds are different
• 58:32
  from union funds. But that that loco Texas was
• 58:36
  right as far as pension funds. Houston firefighters was the
• 58:40
  first to put Bitcoin directly on the balance sheet.
• 58:43
  So yeah, sorry, sorry to run quick for y'all, but but man,
• 58:48
  huge fan of your guys. Show all your fans.
• 58:51
  And this is going to be a group effort.
• 58:53
  I can't do it alone. And it's going to be a a very
• 58:57
  tough journey. But I'll tell you what, it's
• 59:00
  going to be a fun journey. We're going to learn a ton.
• 59:02
  It's going to open the doors and, and really like spark some
• 59:06
  things in California and, and I think it's going to be a
• 59:09
  positive thing. Absolutely, man.
• 59:11
  Well, dude, thank you so much for for for joining us on the
• 59:15
  show, Dom, and best of luck to you.
• 59:18
  And you have our full support here at Simply Bitcoin.
• 59:21
  Dom, thank you. Thank you guys, you're all the
• 59:25
  best. Later bro, talk to you soon.
• 59:28
  All right, everybody, we still got a ton to cover.
• 59:31
  Specifically, I'm going to start off with this guys, because this
• 59:34
  is a little bit of a warning, especially guys, it's incredibly
• 59:39
  important how you store your Bitcoin, and there was a flaw
• 59:44
  discovered in one of a very popular hardware wallet
• 59:49
  specifically. Let me go through all this.
• 59:53
  At Ledger, you might know that we have the Don John Ledger, our
• 59:58
  dedicated team constantly conducting open security
• 1:00:02
  research. We recently worked with
• 1:00:04
  Treasure, revealing that their Treasure Safe 3 was susceptible
• 1:00:08
  to physical supply attack, supply chain attacks, and then
• 1:00:13
  it goes on to describe, says our Ledger Don John Security
• 1:00:18
  Research. Revealed that if a Treasure Safe
• 1:00:22
  3 device was stolen, an attacker could theoretically tamper with
• 1:00:26
  the device and modify the software running it, endangering
• 1:00:31
  its users funds. Even if this device uses a
• 1:00:35
  secure element. It goes on to say the Trezorsafe
• 1:00:39
  3 and Safe 5 devices to feature A2 chip design.
• 1:00:43
  A security element paired with a microcontroller.
• 1:00:46
  The secure element protects the user's PIN and crypt
• 1:00:52
  cryptographic. Thank you Abdi, appreciate it.
• 1:00:56
  Effectively thwarting inexpensive hardware attacks
• 1:00:58
  like voltage glitching, the secure element used in the
• 1:01:02
  treasure safe devices is the Optica trust M by infion.
• 1:01:08
  It ensures that user secrets remain secure even if the device
• 1:01:12
  is misplaced or stolen. This represents a significant
• 1:01:15
  advancement security. However, our Ledger Don Jon
• 1:01:19
  security research found that cryptographic operations are
• 1:01:23
  still performed on the microcontroller, which can be
• 1:01:26
  vulnerable to more advanced attacks.
• 1:01:29
  If an attacker modifies the software on the microcontroller,
• 1:01:33
  they could potentially access the user's funds remotely.
• 1:01:38
  Oof, oof. I mean, that's, that's not,
• 1:01:42
  that's no bueno. So what do we, what do we
• 1:01:46
  recommend? We recommend getting yourself a
• 1:01:48
  cold card. It's very simple.
• 1:01:50
  Here's MVK, CEO of of Quaint Kite, and he says the treasure
• 1:01:55
  design is simply not good. I mean, look, the hardware
• 1:01:58
  wallets have one thing to do and that thing to do is to secure
• 1:02:03
  your Bitcoin. All right, So definitely head
• 1:02:06
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• 1:02:10
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• 1:02:14
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• 1:02:16
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• 1:02:24
  simply, it's an amazing hardware wallet.
• 1:02:27
  Highly highly recommend. They have the MK4 and then the
• 1:02:31
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• 1:02:34
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• 1:02:37
  sending Bitcoin transactions all the time.
• 1:02:39
  And then the Cold Card MK4, it's battle tested.
• 1:02:41
  It's been around for a long time, has NFC, has USBC, all
• 1:02:46
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• 1:02:48
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• 1:02:50
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• 1:02:53
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• 1:02:57
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• 1:03:01
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• 1:03:04
  right? Don't put yourself in that
• 1:03:05
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• 1:03:08
  Again, use promo code simply at checkout.
• 1:03:11
  You get a discount. It's also in the description.
• 1:03:14
  Anyways, guys, no more delay. Let's get to the culture
• 1:03:17
  segment. We're going to cover what we are
• 1:03:18
  going to cover on the news. We will be right back.
• 1:03:22
  Here we go. I want to give a shout out to
• 1:03:25
  our partner Hive Digital Technologies.
• 1:03:28
  As the first ever public miner Hive's position to quadruple
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  right everybody we are back ladies and gentlemen we're going
• 1:05:29
  to be covering counter Fitzgerald to expand Bitcoin
• 1:05:34
  financing amid U.S. policy shift.
• 1:05:36
  I know this isn't kind of a culture isk.
• 1:05:39
  This is more news esque, but we had to we had to rearrange some
• 1:05:44
  things because we're doing this live and things happen while
• 1:05:46
  we're live. I want to give a shout out to
• 1:05:48
  Dom Good luck on him. If you guys are in California
• 1:05:52
  and you're, you know, you, you can vote in, in that election
• 1:05:55
  for Kyle Purse, vote for a boy Dom, Let's get a bitcoiner on on
• 1:05:59
  the board of trustees. That would be absolutely
• 1:06:02
  freaking awesome. Anyways, let's get to today's
• 1:06:05
  culture segment. Counter Fitzgerald to expand
• 1:06:07
  Bitcoin financing amid U.S. policy shift reflecting the
• 1:06:11
  United States growing embrace of Bitcoin investment bank, Counter
• 1:06:15
  Fitzgerald has announced partnerships with Anchorage
• 1:06:19
  Digital and Copper Co to support its expanding global Bitcoin
• 1:06:23
  financing business. Anchorage Digital and Copper Co
• 1:06:26
  will serve as collateral managers and custodians for
• 1:06:30
  Counterfeitzgerald, providing leverage to institutional
• 1:06:33
  investors holding Bitcoin. Anchorage Digital and Copper
• 1:06:37
  will use their industry leading security solutions to custody
• 1:06:40
  and safeguard client assets. Quote We are thrilled to partner
• 1:06:44
  with Anchorage Digital and Copper whose industry leading
• 1:06:47
  security solutions will help us deliver best in class digital
• 1:06:51
  asset custody services to our clients, said Michael
• 1:06:55
  Cunningham, Head of Bitcoin Financing at Counterfeitzgerald.
• 1:06:59
  Quote we are launching with 2 billion in initial financing and
• 1:07:02
  expected to substantially grow the operation over time with
• 1:07:06
  Counterfeitzgerald 2 billion initial investment in Bitcoin
• 1:07:09
  financing. This partnership signals a major
• 1:07:12
  step in mainstream financial institutions embracing Bitcoin
• 1:07:16
  as a legitimate investment class, Nathan McCauley, CEO and
• 1:07:20
  Co founder of Anchorage Digital added.
• 1:07:22
  Quote Our partnership marks a major step forward for the
• 1:07:25
  Bitcoin financing ecosystem built on the safety and security
• 1:07:30
  of federally regulated digital asset custody.
• 1:07:33
  By combining the best of traditional finance with the
• 1:07:36
  best of crypto, we are expanding the horizon of what is possible
• 1:07:40
  for institutions in Bitcoin. The partnerships come as
• 1:07:44
  President Donald Trump's administration continues to
• 1:07:47
  advance pro Bitcoin policies, including the creation of a
• 1:07:51
  strategic Bitcoin reserve, reversing previous regulatory
• 1:07:55
  hostility under Joe Biden's administration.
• 1:07:58
  The SEC recently rescinded Staff Accounting Bulletin 121, which
• 1:08:03
  had previously blocked banks from offering Bitcoin custody
• 1:08:07
  services. This is the key point out of the
• 1:08:09
  entire article, ladies and gentlemen.
• 1:08:11
  That sentence that I just read is the key part.
• 1:08:15
  Why is it the key part? You have to connect the dots.
• 1:08:18
  Michael Saylor said three things needed to happen in order for
• 1:08:21
  Bitcoin to hit $5,000,000 per coin, the change in the fast be
• 1:08:23
  accounting rules, the approval of the Spot Bitcoin ETF, and the
• 1:08:27
  ability for banks to custody Bitcoin off beat on behalf of
• 1:08:32
  their clients, the article continues to say.
• 1:08:35
  Following this, the Office of the Comptroller of the Currency
• 1:08:38
  clarified that banks are now permitted to engage in Bitcoin
• 1:08:42
  and crypto services, including asset custody.
• 1:08:46
  This shift helped pave the way for major financial institutions
• 1:08:51
  like Counterfeitzgerald to expand into Bitcoin services.
• 1:08:55
  Counter Fitzgerald President Howard Leupnik, who now serves
• 1:08:59
  as the United states secretary of commerce, has been
• 1:09:02
  instrumental in this shift. What I tell you guys Lutnick has
• 1:09:05
  been working closely with President Trump on initiatives
• 1:09:09
  such as the strategic Bitcoin reserve, a key component of the
• 1:09:12
  administration's crypto strategy.
• 1:09:15
  Quote, institutional investors are increasingly looking to
• 1:09:18
  diversify their portfolios and identify secure routes into the
• 1:09:23
  digital asset market, said Amar Kunshad, CEO of Copper.
• 1:09:28
  This significant partnership with Counterfeit Sherald will
• 1:09:31
  meet the growing demand for sophisticated financing
• 1:09:34
  solutions, with copper.co's lending and collateral
• 1:09:38
  management platform providing a complete toolkit for secure and
• 1:09:43
  strategic asset handling. So guys, this is this is this is
• 1:09:48
  an insane news. This is absolutely crazy.
• 1:09:51
  This is extremely bullish for number go up.
• 1:09:54
  Maybe not for the revolution, but definitely from a number go
• 1:09:58
  up perspective, the ability for financial institutions to be
• 1:10:03
  able to custody digital assets. I know a lot of us are
• 1:10:05
  comfortable with self custody, right?
• 1:10:08
  I would say if you're in an individual, you should self
• 1:10:11
  custody. I would say if you're a company,
• 1:10:12
  you should self custody. But you know when you're holding
• 1:10:16
  hundreds of thousands of Bitcoin or 50,000 Bitcoin or 10,000
• 1:10:19
  Bitcoin, you better know what you're doing.
• 1:10:22
  And the problem is not if you're like holding it for cold
• 1:10:24
  storage, but if you're constantly moving in, it moving
• 1:10:28
  that Bitcoin in and out, you need to have a very robust self
• 1:10:33
  custody set up. I think that's or, or, or
• 1:10:36
  custody set up. And that's why, you know, they
• 1:10:38
  have to rely on on these third parties.
• 1:10:40
  But again, last year, it was impossible for for banks to
• 1:10:45
  custody Bitcoin. In fact, when the bill was
• 1:10:47
  passed in the House and the Senate that was going to repeal
• 1:10:53
  SAB 1/21, it was actually vetoed by Joe Biden.
• 1:10:58
  It was on Joe Biden's desk and he vetoed it.
• 1:11:01
  A lot of people were speculating.
• 1:11:02
  I was interviewing Eric Weiss, the man who orange pulled
• 1:11:05
  Michael Saylor. And he, I came to the conclusion
• 1:11:10
  that because I was talking to him about the political
• 1:11:13
  situation and he basically pointed out that the, the thing
• 1:11:20
  that the opposing party did that I think got him in the most
• 1:11:24
  amount of trouble was the repeal of SAB 1/21.
• 1:11:27
  I think that really, really pissed off a lot of people in
• 1:11:30
  the industry. And that obviously created an
• 1:11:33
  opportunity for the opposing political party to capitalize on
• 1:11:38
  getting the support of the Bitcoin and crypto industry.
• 1:11:43
  And that's exactly what happened.
• 1:11:46
  I could make an argument that if the previous administration
• 1:11:49
  didn't do anything, they just sat on their hands.
• 1:11:54
  Like you can make a very solid argument that it, I don't think
• 1:11:57
  that the Republicans would have just, you know, I, I, I, I, I
• 1:12:03
  don't think that the, the political moment, I, I don't
• 1:12:05
  think, you know, the, the president would be talking about
• 1:12:07
  a strategic pick 1 reserve. I, I, I, I don't think, you
• 1:12:11
  know, the, the donors, that the donor, the, the, all, all the
• 1:12:15
  donorship towards the industry would, would be as as big as it
• 1:12:19
  is. I don't think any of that would,
• 1:12:21
  would have happened. They they essentially forced our
• 1:12:23
  industry into a corner to survive and we did and because
• 1:12:29
  we survived again, I keep saying this phrase over and over again,
• 1:12:33
  if you're not in the room, you're not in the deal.
• 1:12:34
  Now we're in the room, right? We're in the room.
• 1:12:37
  So we got Ross free. We repealed SAB 121, we ended
• 1:12:42
  operation choke .2 point O and now the, the, the US government
• 1:12:47
  is saying, listen, we're going to buy up to we, we want, we
• 1:12:50
  want to buy Bitcoin and you know, we're creating a strategic
• 1:12:53
  Bitcoin reserve. Like come on now.
• 1:12:55
  It's it's not rocket science, everybody, it's not rocket
• 1:12:58
  science. It we won.
• 1:13:01
  This is great, but it's important to remain vigilant.
• 1:13:05
  It's important to remain vigilant because there's there's
• 1:13:09
  an election that's coming up right.
• 1:13:12
  The midterms are coming up 2026 and then the next presidential
• 1:13:16
  election is coming up 2028. And it's not so much about
• 1:13:19
  party. It's about is that Republican or
• 1:13:22
  Democrat on team orange or on there on team green, right.
• 1:13:25
  Vote for people that are on team Bitcoin, not on team Fiat.
• 1:13:28
  That's bad anyways, Opti, I want to take on I want I want to get
• 1:13:33
  your take on this, bro. Pretty massive news.
• 1:13:36
  And again, I think the signal there is his counter Fitzgerald
• 1:13:40
  moving this effort. And we know that, you know,
• 1:13:43
  Howard Lutnick is the chairman of counter.
• 1:13:46
  He was before he had to resign to become commerce secretary.
• 1:13:49
  So again, what I keep telling you guys, no one is better than
• 1:13:52
  their incentives, right? And if you own bags of Bitcoin,
• 1:13:56
  what do you think? What do you think you're going
• 1:13:57
  to do, right? What do you think?
• 1:13:58
  It's not bad either because you know, Bitcoin has aligned
• 1:14:02
  incentives. So, you know, This is why Max
• 1:14:04
  Kaiser says that. I will say, you know what Opti,
• 1:14:07
  what we should start doing. This just came to mind.
• 1:14:10
  We have to start assigning who the Bitcoin employee of the
• 1:14:15
  month is. Make it a segment.
• 1:14:20
  For this month, I would say the Bitcoin Employee of the month is
• 1:14:25
  Donald Trump for the Strategic Bitcoin Reserve.
• 1:14:28
  What do you think, Opti? Well, we still have two weeks.
• 1:14:31
  Let's see. Let's see if you can pull a
• 1:14:33
  rabbit out. Of that no, no one's gonna top
• 1:14:34
  that bro. That's not gonna happen that's
• 1:14:37
  not gonna happen Trump for March as well Trump like all is
• 1:14:41
  forgettive into Trump coin forgive you bro.
• 1:14:44
  You came through you came hop D he came through, but anyways,
• 1:14:52
  yeah, I mean everyone's everyone's talking about like
• 1:14:55
  the the the treasure and Ledger stuff guys.
• 1:14:58
  I literally put the thread in the chat.
• 1:15:01
  You guys could don't trust verify.
• 1:15:03
  You can read this yourself. Don't kill the messenger here
• 1:15:08
  all right, check it out yourself do your own research there you
• 1:15:12
  go. You guys could do your own
• 1:15:13
  research. We recommend cold card, yes,
• 1:15:17
  they're a partner of ours, but you know, we, we, we use them
• 1:15:20
  personally. Great wallets.
• 1:15:22
  Opti, what's your take on this? Well, First off, I do want to
• 1:15:27
  acknowledge that you said Cantor Fitzgerald correctly and Howard
• 1:15:30
  Lutnick's name correctly for the first time on the show in I
• 1:15:33
  think, ever. So congratulations and kudos to
• 1:15:37
  you, Nico, that that's great to see we are learning English on
• 1:15:40
  the show in real time. But no, besides trolling, Nico,
• 1:15:44
  I think this is a huge, huge story.
• 1:15:46
  Obviously you guys know my take. I am not the biggest fan of
• 1:15:50
  banks getting into Bitcoin to custody your Bitcoin.
• 1:15:54
  Anytime I hear an institution talking about custodying your
• 1:15:56
  Bitcoin, I start to think of the classic examples of Mount Gox or
• 1:16:00
  FTX. And this is the whole point of
• 1:16:03
  Bitcoin is to eliminate the middle men.
• 1:16:05
  But what this does say is that obviously there is a a huge
• 1:16:11
  hunger for Bitcoin products in the market.
• 1:16:15
  And obviously the fact that Howard Leutnick is a part of the
• 1:16:18
  official Trump administration and the company that he started
• 1:16:22
  or was the CEO of is now moving very bullish into Bitcoin.
• 1:16:27
  Obviously, I think this is a sign of things to come.
• 1:16:31
  We're starting to see that this isn't just happening in the US.
• 1:16:34
  This is the first domino to fall.
• 1:16:36
  But we've seen this happen globally right now where banks
• 1:16:39
  are basically scrambling to get Bitcoin custody implemented.
• 1:16:44
  And I saw another interesting news and I thought we were going
• 1:16:47
  to tack that on top of this. But didn't Cantor Fitzgerald
• 1:16:50
  also talk about it might have been in the same announcement?
• 1:16:54
  But I was saying it framed also as they are looking into doing
• 1:16:58
  some form of like a Bitcoin bond as well, which I think is a very
• 1:17:01
  interesting product that the market is very hungry for as
• 1:17:04
  well. So the very simple fact of the
• 1:17:08
  Howard Lepnick, he's obviously in the Trump administration, the
• 1:17:11
  company that he was a part of is not looking to custody Bitcoin.
• 1:17:14
  As Nico was saying, we saw sailors say this a long time
• 1:17:17
  ago. The things we need to take
• 1:17:18
  Bitcoin to the seven figures is banks custody Bitcoin in ETF and
• 1:17:24
  then Saab 121 being repealed, right Nico?
• 1:17:27
  Am I am my misremembering there and Saab?
• 1:17:30
  One Saab 121 repealed and now it's it's Saab 121 repealed and
• 1:17:36
  now it's Saab 122. Yeah.
• 1:17:39
  So we have all of this stuff clear.
• 1:17:42
  We have a clear road ahead. And I again, I think we need to
• 1:17:47
  remember it's a lot easier for us as individuals.
• 1:17:50
  We're a lot more nimble. We can make moves a lot quicker
• 1:17:53
  than these big institutions can to move into a totally new
• 1:17:58
  financial field. Obviously, we've been hearing
• 1:18:01
  that they want to do this. They're hungry for Bitcoin, They
• 1:18:04
  obviously want to get their fees and and, you know, they want to
• 1:18:07
  make money. This is, you know, very clear.
• 1:18:10
  They want to make the they want to make money off of Bitcoin.
• 1:18:12
  This is very clear. But we're starting to see that
• 1:18:15
  all of these things are happening in real time.
• 1:18:17
  And as as much as we're like, you know, a little Pontoo boat
• 1:18:21
  as an individual and we can, you know, flip on a dime, these
• 1:18:24
  institutions are like the Titanic.
• 1:18:25
  And I think they're moving very quickly.
• 1:18:27
  And I think by the end of this year, we're starting to see or
• 1:18:30
  we'll see that everyone will be forced to get into Bitcoin in
• 1:18:35
  some way or another. Remember what happened with
• 1:18:37
  Vanguard? The CEO essentially was saying,
• 1:18:40
  hey, we're never going to touch Bitcoin.
• 1:18:41
  And then very coincidentally, a month later, he is no longer
• 1:18:46
  part of Vanguard. So you can tell that behind the
• 1:18:48
  scenes, people are hungry for Bitcoin, They want Bitcoin, they
• 1:18:52
  want the gains of Bitcoin, even if they're just touching it in
• 1:18:55
  a, in an ETF product. Nothing competes with Bitcoin.
• 1:18:58
  Again, as we've been saying and as we've been hearing in the
• 1:19:00
  last couple of weeks, Bitcoin is the new hurdle rate.
• 1:19:03
  If you do not have a Bitcoin strategy, you are being left in
• 1:19:07
  the dust. In this 21st century, the twenty
• 1:19:10
  20s going into the twenty 30s and beyond, you need to have a
• 1:19:14
  Bitcoin strategy. Hold on.
• 1:19:17
  Sorry, guys, choking on my saliva.
• 1:19:19
  And it's becoming very clear that this is the case.
• 1:19:22
  If you're still sitting on the sidelines, I don't know what
• 1:19:24
  you're doing. I don't know what you're
• 1:19:26
  watching, but from our perspective as Bitcoiners,
• 1:19:30
  especially us here, it's simply Bitcoin because we have to cover
• 1:19:32
  the news every single day. All indicators are pointing
• 1:19:36
  towards the world is headed towards a Bitcoin world.
• 1:19:39
  And if you don't have some Bitcoin, you're really going to
• 1:19:43
  be looking back at yourself and wondering what were you doing at
• 1:19:46
  this time? So hey, like, if none of this
• 1:19:49
  stuff makes you bullish, I don't know what will.
• 1:19:51
  Everyone wants Bitcoin. They they want even further,
• 1:19:55
  everyone wants your Bitcoin. So make sure you take that
• 1:19:58
  Bitcoin into custody and you secure it yourself.
• 1:20:01
  And you know, you, you don't get shaken out.
• 1:20:04
  By these price movements you understand and you look into the
• 1:20:07
  future and realize, hey, in 20 years, if my Bitcoin's secured,
• 1:20:10
  I'm going to be living a much better life.
• 1:20:12
  I'm going to be secure. And I think that's what most
• 1:20:15
  people are looking for. Like Bitcoin is the long term
• 1:20:17
  investment here or the long term savings vehicle here.
• 1:20:20
  And now everyone's waking up to it.
• 1:20:22
  So I think these Domino's are falling very quickly.
• 1:20:24
  They're probably going to fall even quicker moving forward.
• 1:20:27
  I'm sure by the end of Q1, we're going to see some pretty big
• 1:20:30
  names with some pretty big positions in Bitcoin.
• 1:20:34
  And it's, it's becoming very hard for for me to understand
• 1:20:38
  why people don't have Bitcoin, how they can still flood
• 1:20:41
  Bitcoin. It's everything's pointing
• 1:20:43
  towards, hey, we were right, like we've been right.
• 1:20:45
  Yes. You know, Nico and I are what
• 1:20:47
  essentially kids, if you, if you look at like someone, you know,
• 1:20:51
  that's my parents age, they're probably thinking, Hey, these
• 1:20:54
  kids don't know how the financial world works.
• 1:20:56
  And we just kind of sit back and then everything starts to lead
• 1:20:59
  to Bitcoin. All roads lead to Bitcoin.
• 1:21:01
  So you need a Bitcoin position. It's very simple.
• 1:21:04
  Amen to that. Amen to that.
• 1:21:06
  All right everybody, we are getting to the top of the hour.
• 1:21:08
  If you guys enjoyed Simply Bitcoin Live from March 13th,
• 1:21:12
  2025, I'm your host Nico. This is my legendary Co host,
• 1:21:16
  Mr. Fields. Make sure to smash that like
• 1:21:20
  button. Help us break 300 likes.
• 1:21:23
  We we got 8 likes to 300 likes. So there's 574 of you guys
• 1:21:27
  watching live on YouTube. There's 261 of you guys watching
• 1:21:31
  live on rumble. Smash that like button, smash
• 1:21:34
  it. Let help us break that 300 like
• 1:21:38
  threshold. And of course, shout out to the
• 1:21:42
  X audience. 2632 people watching us live on X.
• 1:21:48
  We appreciate everybody for tuning in to today's episode
• 1:21:52
  again, smash that like, but we got 4 likes away. 4 likes away
• 1:21:57
  to break 300 likes before the end of the show.
• 1:22:02
  Opti. What?
• 1:22:04
  What? Sorry, I was in the chat.
• 1:22:06
  What were we saying? All right, we got come on, guys,
• 1:22:13
  302. We broke it.
• 1:22:15
  We broke it. Bars, Opti hit the hit the
• 1:22:17
  horns. Hit the horns.
• 1:22:20
  That's cool. Motherfucking boy.
• 1:22:23
  Awesome. All right, we're going to end it
• 1:22:24
  with that guys. Love you all.
• 1:22:25
  We'll see you tomorrow for the last episode of the week of
• 1:22:30
  Simply Bitcoin Live. Peace out, everybody.
• 1:22:34
  Today's episode was brought to you by bitcoinwell.com, a
• 1:22:37
  Bitcoin only platform on a mission to enable financial
• 1:22:41
  independence.