Latest / Simply Bitcoin / Did The U.S. Strategic Reserve STEAL 600k Bitcoin From Venezuela?! | EP 1411

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Did The U.S. Strategic Reserve STEAL 600k Bitcoin From Venezuela?! | EP 1411 · Simply Bitcoin

0:01
Did America's strategic Bitcoin reserve just get 600,000 Bitcoin
0:07
bigger? A lot of people have been
0:09
talking about what's been happening in Venezuela over the
0:11
weekend. But today we're going to give
0:13
you an insider's perspective. Not from me, but as some of you
0:16
might not know, Nico is Venezuelan and he used to mine
0:21
Bitcoin in the country. So we're going to confirm some
0:24
of the alleged rumors circulating on Twitter.
0:26
Some of them are true there. There is some some way to those
0:30
rumors. But before we get into all that,
0:32
let's bring everyone up to speed on the events that happened on
0:36
Saturday morning. So if you're completely unaware
0:40
of what's happening, if you've been, you know, under a rock all
0:43
weekend, very, very intense social media barrage of what
0:49
happened. So literally, you know, Friday
0:52
night, we all go to bed, nothing's happening.
0:55
You know, nothing changed in the world Saturday morning.
0:59
We're in a totally different world.
1:01
So First off, let me just pull up a headline so you guys can
1:04
kind of, you know, catch up on what's going on.
1:06
Here's from Fox News. Trump's Maduro takedown resets
1:10
the global chess board and reasserts American power.
1:13
So they did an operation called Absolute Resolve, which
1:17
literally lasted 2 hours. And if you were on Twitter over
1:20
the weekend, you saw like insane military edits.
1:24
It was just, it was, it was kind of some really social media
1:28
stuff. I'm, I'm not going to lie.
1:29
So, you know, they go in two hours, they basically, you know,
1:33
kidnap Maduro and his his power, his regime and literally changed
1:39
the whole economic order, the whole world order right now,
1:43
geopolitics, geopolitics. Sorry, Nico's messing with my
1:46
soundboard. And another interesting little
1:49
tidbit before I give it to Nico. So he can kind of give you the
1:51
background again. He is Venezuelan.
1:54
He's got a little more insight to what's been happening in the
1:56
country and maybe what the implications are.
1:59
But one of the interesting tidbits that did happen that I
2:01
think a lot of people miss was Maduro was meeting with Chinese
2:06
officials literally that day. And then Trump goes in and they
2:10
just take him out. And, you know, then they start,
2:13
they take him to the US, they parade him in New York.
2:16
Just insane stuff. The the military edits, you
2:19
know, the fortunate son. Honestly, they were kind of
2:22
badass, I'm not going to lie. But anyways, Nico, you take it
2:24
from here. Before, before, before I add to
2:26
that, can you talk a little bit about the?
2:28
Bitcoin I'm I'm, I'm going to get into all of that.
2:32
So just start with the context of, you know, what this means to
2:36
you as a Venezuelan. And then, you know, I, I will go
2:40
into essentially what the official report was.
2:43
The official kind of take was because of Maduro was in a narco
2:48
trafficking leader. You know, they went because of
2:50
drug related reasons very quickly.
2:53
We we found you obviously, I think the real reasons
2:56
afterwards. But anyways, Nico, you take it
2:57
from here and then and then I'll do kind of the whole why we're
3:00
even talking about it on a Bitcoin show.
3:02
Yeah, so first of all, you know, I've been extremely reserved
3:07
about this topic this entire weekend.
3:09
And it was very hard for me to be reserved on the topic because
3:13
it was literally the only thing anyone was talking about.
3:17
And the memes that the Trump administration were dropping
3:20
were like out of this the world hilarious and on point.
3:26
But look, I'm a first generation American.
3:29
I became an American when I was 10 years old.
3:32
Before that, I was, I still am a Venezuelan.
3:36
My entire family's Venezuelan from my mom's side, from my
3:38
dad's side, I still have family in Venezuela.
3:43
I grew up in the States, but I speak Spanish fluently and
3:47
culturally, you know, it's it's who I am.
3:49
My wife is also 100% Venezuelan. So my wife is Venezuelan, I'm
3:55
Venezuelan, my family's Venezuelan.
3:57
And this weekend it was very difficult for me not to speak
4:00
up. I did, you know, shoot out some
4:02
cryptic tweets, you know, with the Venezuelan flag and stuff
4:06
like that. But here's my take.
4:07
This is the first time I'm actually being public about it.
4:11
First of all, if you're not from Venezuela and you're
4:14
opinionating on this, I just don't care to hear about what
4:18
your opinion is on this. The vast majority of Venezuelans
4:21
feel exactly the way I do. The only ones that feel
4:25
differently are probably people that are not from the country.
4:28
I'll put it to you bluntly. The Trump administration
4:33
potentially started to end 25 years of communism.
4:39
That is what happened. I'm over the moon.
4:41
My family is over the moon. All of Miami is over the moon.
4:46
Saturday, people were dancing on the streets.
4:48
This is fantastic. This is great news.
4:52
All the criticisms that I hear are from people in the states
4:56
that are not from the country. You have no idea what the people
4:59
of Venezuela went through. You have no idea that people
5:02
were literally starving for food.
5:04
You have no idea about the fact that this guy literally was
5:07
torturing his political opponents.
5:09
This guy stole an election bluntly, openly.
5:12
This guy was trafficking drugs into the United States.
5:16
He was stealing, I would say, billions of dollars from the
5:20
people of Venezuela. I, of course, I'm happy with
5:24
what the Trump administration did going in there, No boots on
5:28
the ground, just going in there, literally kidnapping the guy in
5:31
the dead of night. The operation took an hour and a
5:34
half. Oh, and by the way, guess what?
5:37
All the people that are saying, oh, the United States shouldn't
5:39
get involved. You know who?
5:41
All of Maduro's bodyguards, you know where they were from, They
5:44
weren't from Venezuela. He didn't trust them.
5:46
They were all Cuban. They were all all his bodyguards
5:50
were Cuban. You want to know why?
5:52
Because Cuba depends on Venezuelan oil.
5:56
It's a very, very poor country. And the Venezuelan regime is
5:59
what was keeping it afloat. So yes, I'm over the moon.
6:03
This is fantastic news. Now, is it actually going to
6:07
lead to, you know, a transition to, you know, an election and
6:12
democracy and all of that stuff? That's yet to be determined.
6:15
The two other guys, the two other power players, they,
6:21
they're still there. They're still alive.
6:22
They're still in Venezuela. All of them have Marxist
6:26
backgrounds, have collectivist backgrounds.
6:29
If you look at some of the rhetoric that they've been
6:31
saying over the weekend, you know, it doesn't seem like
6:36
they're going along with it. But simultaneously, the
6:39
confidence in Trump's voice. And I also got to give credit
6:42
where credit is due. You know who the architect is
6:45
behind a lot of this? It's our boy Marco Rubio.
6:50
He has a Cuban. He's again, Cuban, American,
6:52
Cuban background. Obviously, you know, the South
6:55
Floridian vote was very important for Trump as one of
6:58
the only metropolitan areas that voted, right.
7:02
That usually never happens in big cities.
7:04
And it's because of the giant Venezuelan and Cuban immigration
7:10
populations in this city that again, are, you know, are, are,
7:16
are running away from running away from these tyrannical
7:21
governments, right. So I love the way he did it.
7:24
It it's in stark contrast with how it's in stark contrast with
7:30
how, you know, with how Afghanistan played out and how
7:35
that kind of regime change stuff panned out.
7:39
I wasn't a big fan of that. You, you know, the, the US
7:43
government spent trillions of dollars, they sent hundreds of
7:46
thousands of troops there and ended up being this like 15 year
7:50
ordeal. Then when the US pulled out and
7:52
left the power vacuum, like it wasn't good, like this was
7:56
surgical. This was strategic.
7:58
It literally took an hour and a half.
8:00
No American lives were lost. No American equipment was lost.
8:03
It was like bomb Bing, bomb boom and the guy is literally getting
8:07
perped walk in New York and I don't know if you saw the video,
8:10
the latest video of Maduro. I I was going to play it a
8:13
little bit later, literally. Like he's getting, he's like in
8:16
chains. First of all, he's smiling.
8:17
So like he must be giving up all the secrets, right?
8:21
He's smiling like this. And he's just saying like, you
8:24
know, goodnight, goodnight. How are you?
8:26
Happy New Year. Like it's, you know, again, this
8:29
is a guy who in the face of the Trump administration was
8:33
laughing in their face, like Trump would say stuff like look
8:38
like, you know, basically make a deal.
8:40
They gave him every opportunity to make a deal to essentially
8:44
exile himself. Live well, live in a nice beach,
8:47
you know, go away. He didn't take them.
8:50
And then he would go on TVI don't know if you guys have seen
8:53
the clips and literally call Donald Trump out and say,
8:57
listen, if you want to mess with me, you come here, you come
9:02
here, you get me, you kidnap me. And that's that.
9:05
That's what he was saying. He kept saying that.
9:07
Over and over and over. Again, he would call out Elon
9:10
Musk. You'd say Elon Musk, let's
9:12
fight. Let's do a fist fight.
9:14
You and me alone. I'm not afraid.
9:17
And what do you know, they just kidnapped the guy.
9:20
Literally like, take the guy, they get him out of the country.
9:23
They literally take him to New York.
9:25
And now he's probably going to spend the rest of his life in
9:27
prison. If he doesn't spend the rest of
9:29
his life in prison, he's probably going to give up a lot
9:32
of secrets or a lot of things that have been going on in the
9:35
background that a lot of people, you know, don't necessarily want
9:39
to know, right. So, you know, either way, I
9:42
think it's a huge victory for the people of Venezuela.
9:45
If you're not Venezuelan, if you're just looking at this as
9:48
an outlooker and you're just saying, oh, how could you opine
9:51
on this? Isn't I just don't care about
9:53
your opinion. Like I, I, I don't think you
9:55
understand. Venezuela used to be literally
9:57
one of the wealthiest countries in the Western Hemisphere until
10:04
the election of Chavez. And then it went down the slow,
10:07
very historical known pattern of what socialism does to a
10:13
country. It's great until you run out of
10:16
people's money. When you run out of people's
10:18
money, then everyone is equally poor, but not really because the
10:21
elites, you know, they live on another level.
10:24
The majority of the population are poor.
10:26
So I'm extremely happy if you know, if that actually changes.
10:30
And, and again, for anyone who doesn't know the reason that all
10:33
of this happened, and I'm super glad that Trump's being blunt
10:36
about it, unlike before, is Venezuela has one of the largest
10:42
oil reserves in the world and it has a very particular type of
10:45
oil. It has heavy crude, which means
10:48
a lot of refinement. And you know, the other country
10:51
that has heavy crude that the United States was was importing
10:55
from it was Canada, right? So basically we depended a lot
10:59
on Canada to get this particular type of oil.
11:02
This opens up another country where they where the US could
11:05
get this type of oil. And again, obviously, that puts
11:09
the United States in a very, very strong negotiating
11:12
position. What I liked about Trump's
11:14
speech, I think it was on Friday or something like that, is that
11:17
he was just blunt about it when they asked him, like, who
11:20
controls the country? He just looks around.
11:22
He's like. Wait, I, I, I think I, I wasn't
11:25
going to play it, but I think I have that.
11:26
I have that over here. And then, you know, and then
11:30
when they kept asking him like how you going to do this?
11:32
How you going to take care of this?
11:34
Like it was like the most gangster shit I've it, it was
11:39
like the most gangster shit I've ever seen.
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And I, I, and maybe a lot of people are saying like, oh, but
11:45
Nico, they're just coming for the oil.
11:47
It's like, yeah, they totally are coming for the oil.
11:51
But you know what they're going to do when they come for the
11:52
oil, they're going to bring jobs, they're going to bring
11:55
opportunity, they're going to bring in foreign investment,
11:58
they're going to bring in stability that that you guys
12:01
have to understand. It's fantastic.
12:05
Venezuela is a failed state. You guys have to understand
12:08
this. It's not like this is a country
12:11
that should be like Saudi Arabia.
12:13
It has so much natural resources, has so much wealth.
12:16
And again, it was a very wealthy country until it went down the
12:20
path of collectivism. So I'm super happy that, you
12:24
know, we are at seems like we're heading in this right direction.
12:27
We're Chavismo is essentially dying.
12:31
That sounds fantastic, sounds great.
12:34
And as the Venezuelan, I feel that way.
12:35
And as a, and I and I could say this for most of Miami, we all
12:39
feel this way. And the only people that
12:42
probably don't feel this way are people that are actively
12:45
benefiting from the regime. Because if you're not actively
12:48
benefiting from the regime, you probably are in the same
12:51
position that I am. You guys have to understand,
12:53
Venezuela has a population of 26,000,000 people, 8 million
12:57
people, 8 million people since the election of Chavez, which is
13:01
like 25 years ago, have since fled the country.
13:04
That is like 1/3 of the population have literally left.
13:10
What does that tell you? They left because the lack of
13:13
the lack of economic opportunity, the political
13:16
hostility, the security situation on the ground again.
13:20
So you know, this whole argument where it's like, Oh my God,
13:24
here, like we're in another war. We're not in another war.
13:27
There's no boots on the ground in Venezuela.
13:32
Yes, OK. the United States instigated regime change.
13:36
I'm cool with it. I'm I'm cool with it.
13:39
That's fine. That's great.
13:41
Like what what what was what was there before was horrific.
13:45
You guys have to understand this.
13:47
And anyone who's like criticizing this is not
13:50
Venezuelan, right? Look, Venezuela is a Hispanic
13:53
country, right? So most people probably has
13:56
Hispanic names. I guarantee you that a bunch of
14:00
Venezuelan children are now going to be named Donald, right?
14:04
And you can't even pronounce Donald in Spanish, but they're
14:07
going to be named Donald, right? Like that's how big of a deal
14:10
what happened on Saturday was for the Venezuelan people.
14:14
And again, I never, I haven't said any of this on Twitter.
14:17
I've contained myself. I've, I've kept the opinions to,
14:19
to myself. I've been very quiet, but now
14:22
I'm telling you guys publicly on air.
14:25
I thought what happened on Saturday was historic and was
14:29
fantastic for the country. Let's see.
14:32
If. The regime actually changes,
14:35
from my understanding, a little bit of the inside baseball.
14:38
They are actively negotiating and it seems like the current
14:42
regime in place is scared. Like they're scared shitless.
14:47
Like they, they don't know how to they like could you imagine
14:50
like one day they the guy was in power, He was dancing.
14:53
He was like, I'm secure. I built a bunker, I built a, a
14:56
steel door. And then literally within three
14:59
hours, he was on a US aircraft carrier, right?
15:03
Like, you know, if that doesn't instill fear in you, I don't
15:06
know what does, right? And he had it coming to him.
15:10
Look, he fucked around and he found out, right?
15:13
He fucked around and he found out.
15:15
And I'm all for it. I'm very happy about it.
15:19
I hope this leads again to, to an actual election.
15:23
Let's see if it from my understanding, that's what
15:25
that's what this is going to be working up to.
15:27
But it's not as simple as giving power to the opposition because
15:33
the opposition doesn't have the the power infrastructure behind
15:38
them. That's why Trump wasn't willing
15:40
to do that. So what he's doing is he's he's
15:42
actively negotiating with the current regime, with the the
15:45
current government, and there is supposedly a transition plan.
15:51
Now, the reason I say supposedly is I'll believe it when I see
15:54
it. When you've lived something,
15:56
when you've seen something play out for 25 years and you know
16:00
that the people behind them is the Cuban government who has
16:03
managed to keep control over Cuba for 70 years, even though,
16:07
again, Cuba isn't doing so hot economically, they obviously
16:11
know what they're doing, right? So I want to see how it plays
16:15
out that clearly he has the support of the Venezuelan
16:20
dyspora that's all over the world.
16:22
He has my support. I think what happened on
16:24
Saturday was incredible. And that's my take.
16:27
Opti. This is the first time I'm
16:29
saying it publicly. I'm really happy with what
16:31
happened because I kept getting phone calls.
16:33
Like I literally, I got like 20 phone calls this week.
16:36
He's like, are you OK with American foreign intervention?
16:40
I kept saying I'm like, bro, fuck yeah.
16:41
It's 25 years of communism just ended.
16:44
Like, that's incredible. That's great.
16:45
That sounds like a great, great idea.
16:47
That's incredible. Everyone was over the moon.
16:49
My entire family was over the moon.
16:51
My extended family was over the moon.
16:52
We're all very happy that this happened.
16:54
The only people that are not happy that this happened are
16:58
people that are not fed from Venezuela.
17:00
There was a, there was a, there was like a comment from the, the
17:05
communist mayor of, of New York. And he was like, yeah, I've,
17:09
I've, I've called like, you know, I've called Donald Trump
17:13
to voice my opposition. And then simultaneously Times
17:17
Square is just lit up with like, you know, like thousands of
17:21
Venezuelans with flags celebrating.
17:23
Like if you guys have seen the videos from over the weekend,
17:25
like it's like, dude, like read the room, bro, read the crowd.
17:28
Like the only people that are just not OK with what happened
17:33
are people not from the country, right?
17:35
So I just don't care about your opinion.
17:37
I, I have, no, I, I just don't care about it.
17:39
I don't care about it. And I, and I honestly, I found a
17:42
little bit elitist and it's like as if you're talking down to me,
17:45
it's like, I know what's best for you.
17:46
It's like, no, you fucking don't, right?
17:48
So that's my take. That's my hot take.
17:53
No, it's not related to Bitcoin. But well, well, I'm getting let
17:55
me get into the Bitcoin stuff yet here 'cause I, I think it
17:58
does have to run. So I, I want to get into the
18:00
Bitcoin stuff. But, you know, on the one hand,
18:04
I, I have my thoughts on, you know, the Fiat war machine that
18:07
we always talked about. On the other hand, call me
18:09
status all you want, but the American exception, less memes
18:13
had me going like America fuck yeah over the weekend, you know,
18:16
Hey, I'm the, I'm not a perfect person, OK?
18:18
I am human after all. Anyways, Nico kinda really
18:22
touched on and the initial report of what the reasons were,
18:25
again, the official kind of narrative was that we went down
18:30
there to take out Maduro because of drug trafficking or drug
18:35
related reasons. And as Nico pointed out, it
18:37
became very clear that, you know, they they were, they were
18:41
pretty honest about what they were going down there.
18:43
This is what this isn't, you know, George Bush era stuff
18:47
where he's like, oh, the oil. Like I saw the the Dave
18:50
Chappelle made oil. What are you talking about?
18:51
Oil? No, he was like, yo, yeah, like
18:53
we're there for the oil. You know, Venezuela has, I
18:56
believe it's like $17 trillion of crude oil down there.
19:00
They also have $22 billion of gold reserves.
19:04
And the interesting part about the oil, obviously, we talk
19:07
about oil here constantly, the Petro dollar system.
19:11
Well, an interesting caveat to really understand is what has
19:14
Donald Trump been wanting to do in regards to Treasuries?
19:18
Lower interest rates increase the money printer, but that
19:21
comes with its own problems. Well, if they have their new,
19:25
new oil reserves, then they can lower interest all they want and
19:28
they're going to run the economy high.
19:30
That's like, you know, what they're most likely going to do.
19:33
Now, another interesting aspect of this before I get to the
19:36
Bitcoin stuff was that within 24 hours of this, the US government
19:44
basically secured a new silver smelter deal with Latin American
19:49
metals, which is obviously very interesting when you consider
19:53
what's been going on with the silver markets.
19:55
We've been talking about the silver markets on this show,
19:58
essentially showing, hey, the hard monies the precious metals
20:01
are, are showing us what's happening in the economy and
20:04
what investors are thinking. Well, what's interesting in 2011
20:09
when something similar happened with silver and it started to
20:11
run. Obama did something similar
20:14
where he announced an, you know, an operation and then the
20:17
following day silver price cooled off and it didn't recover
20:21
till literally, you know, last week.
20:23
Well, an interesting kind of caveat happened.
20:26
Now the US or rather Trump did something similar and yet silver
20:31
is still running. So this time is completely
20:34
different. Now those are obviously more of
20:36
the geopolitical economic kind of factors that you probably
20:40
don't care watching from a Bitcoin pointers show.
20:43
Here is where it gets really interesting and I I wish Nico
20:47
hung out for a little while longer.
20:48
So I'm going to give you kind of the second hand view of what
20:52
Nico has told me about what has happened in Venezuela.
20:55
But here is again, this is unverified rumors, unverified
21:00
reports, but it does make a lot of sense when you understand
21:05
kind of how long Bitcoin has been on the Gray markets in
21:09
Venezuela. So a lot of people were
21:11
reporting this, but allegedly from this I, I've never heard of
21:16
them before, but it's called, I believe it's Huminit HUMNT
21:22
Huminit I believe here it is, or HUMINT Humint.
21:28
Allegedly Venezuela had one of the biggest national strategic
21:33
Bitcoin reserves roughly around 600,000 Bitcoin.
21:38
Now, the reason that this is kind of the numbers that we're
21:41
thinking about, well, it goes into what they did with their
21:45
gold reserves. So here we go.
21:47
Intelligence reports indicate that the Venezuelan regime
21:50
accumulated a shadow reserve of Bitcoin and Tether estimated at
21:54
more than $60 billion. The the regime likely converted
21:59
2 billion of their gold proceeds, you know, 10 years
22:02
ago, basically at 20, at 20 or sorry, let me see if does this
22:08
one tell me the date? It doesn't tell me the date, but
22:10
in 2018, here we go. In 2018, they, you know,
22:14
liquidate 2 billion of gold, then they use kind of, I believe
22:17
it was Turkey, UAE and some other countries to sell their
22:21
gold and then they bought Bitcoin through OTC desk.
22:25
So again, the regime likely converted 2 billion of gold
22:28
proceeds into Bitcoin at an average price of $5000, which
22:32
would have been roughly around 400,000 Bitcoin at June 2026
22:37
prices of roughly 90K. That's around $36 billion.
22:41
Now as the petrol though experiment failed, the regime
22:44
pivoted to using Tether as a proxy for the Petro dollar
22:48
during crude oil sales. However, Venezuela began to wash
22:52
that into Bitcoin, recognizing that USDT retains the ability to
22:56
freeze addresses. So again, they did gold swaps in
22:59
2018 and 2020 of crude oil valued now at roughly 45 to $50
23:05
billion. They did Petro tether sales in
23:09
2023 to 2025, which that was roughly around 10 billion to 15
23:14
billion. They did a lot of mining
23:16
seizures, which Nico can confirm.
23:17
He said on the show a lot, giving them roughly about, I
23:22
don't know, 60 billion or 600 + 1000 coins.
23:26
Now the the real kind of uncertainty of all this is
23:31
obviously, you know, who's in control of the keys.
23:35
Now it is interesting what Nico said, seeing, you know, Maduro
23:39
smiling. He's giving up all the secrets.
23:42
I'm guessing if they did, if this is confirmed, and this is a
23:46
big if, if this is all confirmed, I'm guessing the US
23:51
is going to do asset forfeiture, you know, as they've been
23:54
talking budget neutral ways to acquire Bitcoin while, you know,
23:58
they're going to Venezuela. They just took their oil.
24:01
They just took their probably gold reserves.
24:04
They have, you know, new silver reserves in in literally the
24:07
moment when it looked like Deutsche Bank was getting blown.
24:11
It looks like some big banks are getting called offside on silver
24:14
shorts. We've been covering all this the
24:16
last couple of days and I'm guessing they're probably taking
24:20
control of the Bitcoin. Now.
24:21
Again, this is all unverified report.
24:26
You could call them rumors, but it, it's very likely that this
24:30
is happening now to kind of talk on some of the rumors.
24:35
Niko's told me again, he was mining in Venezuela before he
24:39
started simply Bitcoin. And he's told me multiple
24:42
stories. It's been on the show before
24:43
constantly. He's like, yeah, at a certain
24:45
point you just couldn't get rigged into Venezuela cause
24:48
government officials would basically realize that, hey, I
24:52
can just plug this computer in to make more money than I do a
24:54
month, you know, actually doing a job.
24:57
And now, of course, it all goes back to, you know, who's
25:00
actually controlling the keys. Was this coming from a
25:03
governmental decree or to these just individual rogue
25:06
individuals acting on their own accords?
25:08
Now, that's one of the rumors that is most definitely
25:12
verified. Now, the other kind of big
25:15
speculation was, was Venezuela using Bitcoin to skirt
25:18
sanctions? I think, you know, from first
25:21
principles thinking, I think it's very clear that they were
25:24
they were actually doing this. Now if they did do that move
25:28
where they liquidated gold, you know, put 5 billion in Bitcoin
25:31
at roughly, you know, 5 to 8K, then they huddle that till
25:35
today, you could argue they had one of the biggest shadow
25:40
reserves in the world. You know it at the time it was
25:44
double what the US had been doing by acquiring Bitcoin, you
25:48
know, beer. The other means, of course, they
25:49
got another 100K from China hackers.
25:52
And so now it's gets very interesting if this does play
25:55
out, if it does become confirmed that the US took 600,000 plus
26:01
Bitcoin from Venezuela in a quote budget neutral way, which
26:06
I've been telling you guys on the show for a while, was very
26:08
clear what they meant by that when the biggest kind of way
26:12
they talked about was asset forfeiture.
26:15
You're like, OK, all right, all right, makes sense now.
26:18
But Remember, Remember what they wanted to do or remember at
26:22
least what the big narrative was that they wanted to acquire a
26:25
million Bitcoin. So if they got 600 K plus plus
26:31
the unverified 325K Bitcoin that we currently hold, it seems like
26:36
the US is a little South of a million Bitcoin all in quote
26:42
budget neutral ways. Now I can hear you guys.
26:45
I, I can't actually see the chat right now, but I I already I can
26:48
already get the sentiment, you know, status doing status
26:51
things, You know, I thought Bitcoin was unconfiscatable.
26:55
Well, hey, America, is America currently still the biggest
27:01
superpower in the world, even though that power is waning and
27:04
we might be going into a multipolar world right now, but
27:07
it looks like they're not playing around or rather at
27:11
maybe the more nuance take here is when they actually want to do
27:16
something or rather when they're not handicapped, they will do it
27:19
and are very capable of doing it.
27:21
Now, what does this mean if they do acquire or rather did take
27:26
600,000 Bitcoin from Venezuela? I think you know very clearly
27:31
they are running away in the nation state game theory of
27:35
accumulating as much Bitcoin as possible.
27:37
Again, these are all unverified reports.
27:40
But as of now from you know third party kind of
27:45
investigation of this, it does seem like the Venezuelan
27:48
government had 600,000 plus Bitcoin.
27:51
It does seem like the America is going into Venezuela and taking
27:54
all their assets. So it's pretty safe to assume if
27:58
that is the case, the US strategic Bitcoin reserve is
28:04
right under a million. Now there is some on chain
28:07
analytics and we haven't seen any action on this actually
28:11
being verified. So I, I will keep an eye on this
28:15
for the next couple of weeks. If something pops up, you guys
28:18
will learn about it. As we learn about it, we will
28:21
tell you. But crazy, crazy stuff that
28:25
happened over the weekend, not only because of the operation
28:27
itself, but I think if they did acquire 600,000 Bitcoin from
28:32
Venezuela, it really just starts like the Fox News report said,
28:38
just completely changes the geopolitical economic chess
28:42
board in one move. Absolutely insane stuff
28:46
happening again, from my perspective, I'm not Venezuelan.
28:51
I I literally went to bed early Friday like normal world.
28:54
I wake up Saturday and I go on Twitter and I'm like, what in
28:58
the world happened last night again?
29:00
You know, maybe it's because I'm an American.
29:03
I just saw all these edits. The fortunate son.
29:05
I'm like, damn, this is bad ass. Like, look, sue me, call me
29:09
status all you want. I was like, hell yeah, this is
29:11
this is kind of dope. You know, sorry, I'm a dude.
29:14
I see the military do something kind of bad ass.
29:17
I know you can call me and say this all you want.
29:19
I'm like, damn, this shit's kind of awesome.
29:21
But obviously you know it, it doesn't really take away the
29:25
other side of the coin for me, which is the the Fiat war
29:28
machine, the financial industrial complex.
29:31
We all know that this is what they they do.
29:33
This is what they do. This is what happened.
29:36
So again, allegedly went down there for, you know, drug
29:40
trafficking president end up taking their their oil reserves,
29:45
their gold reserves, their silver reserves, which again,
29:48
the implications of hard money that's just probably going to
29:51
hit the markets. Gold and silver are probably
29:53
going to cool off a little bit. Everyone, I think is going to
29:57
eventually find their way to Bitcoin and you know,
30:00
unbeknownst to all of us at the very same time, Bitcoin finally
30:05
gets above 90K. So look, I don't know what's
30:08
going on in terms of Bitcoin right now, but I'm starting to
30:11
feel vindicated on my calls all of the end of last year.
30:15
I don't think we're going into a bear market, boys.
30:17
We, we couldn't even get the 10 AM dump this morning.
30:19
Now, I don't want to jinx it, which actually I'm going to talk
30:22
about that later. I find it so funny when Bitcoin
30:24
pumps that we're so superstitious about it.
30:27
So I, I kind of want to rant about that later on the show,
30:30
but man, crazy, crazy stuff right here.
30:33
So again, unverified reports the US is most likely now alleged
30:37
rigidly holding close to 1,000,000 Bitcoin.
30:41
China is is no longer and they literally no other country is
30:45
coming close to that Bitcoin reserve.
30:47
If this is the case, Donald Trump for all of his faults,
30:53
maybe did come through on his promise of US becoming the
30:57
Bitcoin superpower of the world. We we will keep tabs on this
31:01
story, but from a Bitcoiners perspective, a lot of Bitcoin
31:06
just moved hands if this is the case.
31:08
So you know, again, unverified kind of rumors, some
31:11
speculation, but this seems to be what has happened.
31:16
We'll keep tabs on it anyways for the rest of the show.
31:19
Thank you guys. We're we're back dude.
31:21
First week of the year, first official week of 2026 and we
31:26
finally get some crazy news. Yo guys, I think 2026 is going
31:30
to be insane. This is the first week of 2026.
31:34
I think we're going to be having a lot of fun here on Simply
31:36
Bitcoin Boys. Anyways, Speaking of the New
31:39
York mayor, we got a very literally insane clip coming out
31:44
from, I believe it's tenant director of New York just going
31:49
going full socialist commie on rental properties in New York.
31:55
And then in the news, bro, the Fed's balance sheet's just
31:59
starting to expand. So if you're still bearish out
32:02
there on Bitcoin, I don't know, maybe you need to listen to me a
32:05
little bit from last year that towards the end of the year,
32:09
it's hard for me to stay bearish on Bitcoin right now.
32:12
Actually, as you guys know, I stayed absolutely bullish on
32:15
Bitcoin throughout the whole year.
32:17
I, I think I'm going to start warming up for my victory lap,
32:20
boys. I think I'm warming up for my
32:21
victory lap. I think I'm going to be
32:23
vindicated on 2026. Obviously not financial advice.
32:27
I'm not your quant. I'm just a dude that talks about
32:29
Bitcoin stuff on YouTube. Anyways, on that note, I will be
32:32
right back after this commercial break.
32:36
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se-ed.com store. All right, boys.
34:49
Mainly boys, but some girls. The current Bitcoin price is
34:53
well, we were just at 94 K currently at 93,960, which is a
35:00
-25.5% discount from all time high.
35:03
The market cap we're inching back to 2 trillion.
35:06
We're at 1.88 trillion and the current block height, the only
35:09
time that matters, the only real time, the only universal time is
35:13
the block height. It's currently at 931 and wow,
35:16
I'm so blunt. And 32931032 actually, before I,
35:21
before I play the clip for you guys, I did miss one clip which
35:25
is following along on the Venezuelan kind of story.
35:29
So apparently I, I, again, I'm not familiar with the people in
35:33
Venezuela. I'm not very familiar with the
35:35
politics. I, I know the historical
35:37
context, but apparently the Venezuelan opposition leader,
35:40
Maria Carina Machado went on the podcast with Alex Gladstein and
35:45
she was saying like Bitcoin, it's going to be a national
35:48
reserve asset. It's been a lifeline.
35:50
It's a vital means of resisting. So look, the Bitcoin narrative
35:54
is spreading and actually has been spreading in Venezuela for
35:57
a long time here. So that's, you know, that's just
36:00
a continuation. I really want to touch on this
36:03
because it it's there, there is maybe a funny aftermath to this.
36:08
This clip here is absolutely insane, just to say the least.
36:12
I think it is a few years old. It's probably now just coming up
36:16
because of all the things we saw over the weekend.
36:19
But the mayor of New York, Momdami's tenant director, I
36:24
honestly have no clue what that even means.
36:26
Sia Weaver is going out and just literally saying just straight
36:32
up socialist, communist things going on in New York.
36:36
It's absolutely insane. And the reason I'm bringing this
36:39
up today is because of what Trump did in Venezuela.
36:43
I think he did send a message to the mayor of, of New York
36:48
because he is a a, you know, renowned socialist here.
36:51
Look, hey, say what you want about being a status, but I'm
36:56
I'm more anti communism than I am anti statism, even though you
37:01
could say it's 2 wings at the same burg.
37:02
It's all collectivism. I get it, I get it, I get it.
37:05
Anyways, let's listen to this clip.
37:06
It's it's absolutely nuts. If this doesn't scare you and
37:10
you are in New York, or rather, if you are in New York and you
37:13
haven't woken up to what is going on, you probably need some
37:18
Bitcoin. I think the reality is, is that
37:23
for centuries we've really treated property as an
37:27
individualized good and not a collective good.
37:30
And we are going to and transitioning to treating it as
37:34
a collective good and towards a model of shared equity will
37:39
require that we think about it differently.
37:41
And it will mean that families, especially white families, but
37:46
some POC families who are homeowners as well.
37:49
Are going to have a different relationship to property than
37:53
than than the one that we currently have.
37:57
Are you kidding me? Yeah.
38:00
So, you know, hey, all all the boomers, I usually, you know,
38:05
have fun trolling. And and my parents out there,
38:07
obviously they're not in New York.
38:08
But if they were in New York, you know, you're working your
38:12
whole life to buy a house, to pay for your property, your
38:15
mortgage, you know, pay your property taxes to own a
38:18
property, to own the American Dream.
38:21
They're literally straight up just saying, yeah, like you're
38:24
you're gonna have to get used to you, you know, a collectivist
38:28
future for your property, which just makes me think like, what
38:33
are they doing? This experiment is not going to
38:36
last long in New York. Now, of course, the interesting
38:39
part, the part I'm kind of bringing this up is because we
38:42
all know who Donald Trump is. He is the president of the
38:44
United States, a huge real estate mogul.
38:47
And at the same time of him taking out the socialist
38:51
dictator Otto Crot of a Venezuela, he did do a very
38:56
interesting perp walk in the streets of New York.
38:59
I'm not going to play it. I will.
39:01
I will just kind of play it in the background here.
39:04
But he he oh, wow, I am playing it.
39:07
Sorry, it's loud. You know, did a perp walk of
39:10
Maduro in New York. Now I think the interest.
39:14
Oh, wait, wrong one. Sorry.
39:16
Let me let me show you guys this.
39:17
I thought I, I thought I sent this interesting view here of
39:25
what is going on, kind of the, I don't know if you could call it
39:29
the culture war that is playing out.
39:32
Hold on. Oh, here we go.
39:34
The the culture war playing out right now.
39:37
Obviously Trump is not a fan of what Mandami stands for.
39:44
He's obviously a real estate mogul.
39:47
But I think the message is pretty clear.
39:53
If you're a socialist at this point, you're probably, you
39:58
know, not going to be in positions of power.
40:00
Now, I I'm not saying it's going to be violent or anything.
40:04
I didn't say that. But I I found that kind of
40:08
interesting. Like you see this clip pop up
40:10
literally the same weekend that Trump takes out Maduro perp
40:16
walks him in New York with the recent socialist mayor.
40:21
And then the clip is literally about, hey, you know,
40:24
individualistic property rights are no longer a thing.
40:28
We're going to transition into a more collective equitable
40:32
property rights, which is what like, all right.
40:35
So they're, they're literally straight up just calling for
40:37
communism at this point. Anyways, all that to say, you
40:41
probably want to own something that they cannot do that too
40:47
you. You cannot socialize losses in
40:49
Bitcoin. If you store your Bitcoin
40:52
correctly, no one can take that Bitcoin from you.
40:56
Bitcoin is digital property rights in cyberspace as Saylor
41:00
has said before in the past. Like if you believe that real
41:05
estate is a good investment, which you could still argue it
41:09
is. You know I'm I'm not going to
41:10
argue otherwise though. I personally am not doing it.
41:13
I personally wouldn't do it until I have a family or I want
41:16
a house. You should probably be divesting
41:19
from those property right property rentals as much as
41:22
possible. Get yourself some Bitcoin if
41:24
you're still on 0. We are interest entering some
41:28
very interesting times right now.
41:30
And I I think you know, as we like to say here, or as rather
41:34
Nico likes to say, usually there is no wait, what is it?
41:37
There's no coincidences. There's no accidents, but
41:41
there's no coincidence. I I forget you guys know the
41:43
meme, but yeah, I saw this and I'm like, yo, whoa.
41:47
The timing is interesting. Obviously.
41:50
Again, I did see Grock say this was like, you know, two years
41:52
old, but she is currently now in a position of power.
41:56
So hey, the game, the game is being reshuffled everywhere.
42:00
It looks like 2026 is going to be an extremely spicy year just
42:05
across the board. Now, if 2025 was a boring year
42:08
for us Bitcoiners, I'm starting to think 2026 is just going to
42:13
be a banger overall undisputed banker of a year for 2026, not
42:17
only from a Bitcoin price perspective, but from just a
42:21
insane cultural perspective. Look, you guys know me, I'm not
42:26
the biggest Trump fan here. I have been very critical of
42:29
Trump, but from what we saw the very first weekend of 2026, it
42:36
does look like the foundation for them to just start doing
42:42
things. It might be happening.
42:43
So buckle up. 2026 is going to probably be a much more volatile
42:49
year in terms of everything from a markets perspective, from a
42:53
cultural perspective. And I just hope that you, you
42:57
know, did the work in 2025. You stacked SAT's, you took it
43:00
in the cold storage, you tried to make yourself as sovereign as
43:03
possible. So if anything does go crazy,
43:06
I'm not really one of these Fiat doomers.
43:08
You know, I, I, I don't have like a, a prep bag, you know,
43:12
with, with cans of beans or whatever, but it looks like 2026
43:16
is just going to be an insane year overall, and I'm kind of
43:18
here for it. Last year the news got a little
43:21
slow. If, if this is the start of
43:23
2026, I am super excited to come on and do this show with you
43:28
guys every single day. Hopefully we have a lot of
43:30
things to talk about. Anyways, continuing on the Fed
43:33
talk, dude, when it when it rains, it pours, though this is
43:38
the opposite. When it's sunny, it's just
43:40
beautiful and everything just happened.
43:42
Everything happens at once. What's that one quote?
43:45
There are decades when nothing happens.
43:47
And then there are, you know, days when years happen.
43:52
We're in the days where years happen, boys.
43:54
All right, we'll be right back. I want to give a shout out to
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46:30
All right, Luck, luck. We all know what happened the
46:38
end of this last year. Officially QT is done now.
46:44
Does that necessarily mean that QE is coming back, that
46:47
quantitative easing is coming back on the table?
46:50
Not necessarily. We are in a not QEQE environment
46:55
where they haven't necessarily turned on the money printer, but
47:01
they are actively talking about the narrative of running things
47:06
hot, which inevitably leads to you need to own assets.
47:11
That is the official line, party line here from everyone at the
47:15
Fed, the Trump administration all saying the same thing.
47:19
QT is done. We're not in QE, but it's all
47:24
quantitative easing. It's all money printing by a
47:27
different name. And we finally got some
47:29
confirmation of that's happening, which on the one
47:32
hand, you know, Nico's trolled me on the show before because I
47:35
basically, you know, he said that I was saying like, you
47:39
know, FF the middle class, like run it hot pump my assets.
47:45
And that's not what I said. I all I said in the past was
47:51
that they are going to devalue your purchasing power and you
47:54
need to hold assets. That's the playbook.
47:57
That's what they're saying. That's what you need to do if
48:01
you want to, you know, get ahead or stay ahead or at the very
48:05
least, you know, stay to where you've been.
48:09
Now, again, confirmation of this happening.
48:12
I saw this tweet, it was Matthew Highland.
48:15
I don't, I really don't know who this is, but he's got a lot of
48:19
followers and he seems to be a Bitcoin guy.
48:21
And he goes, the expansion of the Fed balance sheet has begun.
48:25
It has officially begun. The money faucet is opening up.
48:31
And so, you know, I went in and, and I fact checked here, here we
48:34
are at fred.saintlouisfed.org, which if you don't know, is
48:39
basically all of the Official Charts coming out of the Federal
48:41
Reserve. And here's the exact chart.
48:44
This is the five year chart. Now going into the one year
48:47
chart, you can see that as of the mid part of December,
48:52
literally a month ago, it has officially bottomed out and it's
48:57
added what let's see this, you know 100 billion, about 100
49:02
billion. So not the biggest expansion,
49:05
but it has officially expanded. Now this is probably where it
49:09
gets most interesting is when you go on the 10 year chart.
49:12
Now looking back at what happened in 2020, obviously it
49:16
is not this dramatic, but we aren't necessarily in a 2020
49:22
type economic scenario today. But as you can see, you know,
49:27
it's it looks tiny, looks tiny here on the total assets, but it
49:32
is starting to expand after roughly 3 years of them
49:37
minimizing the balance. So the fact that Bitcoin was
49:41
able to go to 126 in the face of all of this, I think is just
49:46
it's almost like a miracle in its own right.
49:48
Now, obviously Bitcoin doesn't just move because the Fed
49:52
contracts or expands. It's not necessarily how it
49:56
works. But as central banks start to
49:59
expand and create more assets, which in your head should just
50:03
trigger, create money out of thin air because they literally
50:07
don't do anything. They literally just create money
50:09
out of debt. That's all they do.
50:11
That's their whole, their whole sole existence besides what
50:14
their official narratives are. I think it's it's pretty safe to
50:18
say that they're going to run the economy so hot in 2026.
50:23
You need to have some assets. Now obviously I'm biased.
50:28
I think Bitcoin is the most liquid.
50:30
It responds the quickest. It responds the strongest to
50:33
money printing, to the global liquidity supply expanding.
50:39
But the confirmation is there guys.
50:41
You can see it on the chart. They're expanding now there is
50:45
kind of some debate on whether the Fed expanding their, excuse
50:51
me, their assets, their balance sheet necessarily means money
50:55
supply or rather that that money will eventually end up into the
50:59
economy or rather into Bitcoin, Better said.
51:03
Now, as of now, it's not necessarily going into the
51:07
broader economy. Like we're not getting
51:09
helicopter dollars here. We're not getting air drops yet
51:12
yet, but you can start to see that the economy that it's just
51:17
they're they're going to put into OverDrive, guys, the money
51:19
printer's going to get put into OverDrive.
51:21
I think it's, it's a consequence of a lot of things.
51:24
One, as we saw towards the tail end of 2025, there is a lot of
51:29
liquidity concerns not only in the US but globally.
51:33
A lot of central banks essentially realize there's no
51:37
stopping this train. They have to continue to print
51:41
the money. They've been trying to kind of
51:43
contract all of the numbers. They've been trying to, you
51:46
know, kill inflation. They've been trying to not
51:50
expand the money supply too much.
51:52
They're trying to lower interest rates.
51:54
And essentially all of their tools so far haven't really done
51:58
what they thought it would do. So they really only have one
52:03
last move left, which is print more money.
52:07
They have to turn on the money supply.
52:09
And as you can see, QT officially done now.
52:13
We haven't seen QE, but not QE is still QE by any other name.
52:19
The Fed's balance sheet is expanding.
52:21
You need to position yourself right now.
52:24
This is like musical chairs. And the music is starting to
52:26
slow down. Now, I'm not a doomer.
52:29
I don't think the Fiat system will necessarily collapse
52:32
overnight or something like that.
52:34
I don't think that the Fiat system necessarily has to
52:38
collapse for Bitcoin to do what it's going to do.
52:42
But as you start to see that the liquidity starts to expand, the
52:46
liquidity supply starts to expand, people want to find a
52:49
new way to store value. And Bitcoin as of 2025, it has
52:55
entered the mainstream consciousness.
52:56
I don't know if you guys saw this morning, but Bank of
52:59
America officially recommending 4% of people's portfolio into
53:02
Bitcoin. So I think the Stampede, the
53:06
tsunami is on the way. It's like when the water pulls
53:10
back on the tsunami me and you're like, wait, what is
53:13
happening? And then the water starts
53:16
rushing forward. We'll, we'll use that analogy as
53:19
like the, the liquidity starts to enter Bitcoin if Bitcoin's
53:23
price action. And again, it's only 5 days for
53:25
the start of 2026. So it'll like, you know, don't,
53:29
don't hold too much weight to that movement.
53:32
But if what we're seeing right now is kind of the general trend
53:36
for 2026, yes, there will be pullbacks.
53:39
Yes, it's not just going to just continue to print green days
53:42
every single day. But if what we're seeing right
53:46
now, and this is kind of the local bottom for this, this last
53:50
move, 2026, the price of bitcoin's going to go up because
53:55
people need to find hard assets. 2025 taught US1 lesson.
54:01
It's that investors wanted hard assets.
54:03
Obviously they go to what is their, what they're most
54:06
comfortable with, which is gold. And then if you're a gold bug,
54:10
you probably have some silver. Then silver started running and
54:14
then lo and behold, by the end of the year, they found more
54:17
gold supply and more silver supply.
54:19
So you know, those trades, while they're doing good in Fiat
54:22
terms, slowly but surely they're probably not going to do too
54:25
hot. So a lot, I think a lot more
54:27
people in 2026 are going to find and start to hold Bitcoin.
54:30
That's kind of my take my, my more bullish take on on what's
54:34
going on with Bitcoin. These guys, I was right.
54:36
We went sideways and now we start pumping again.
54:38
I don't want to celebrate too early, but that leads me
54:43
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56:46
Sorry, guys. OK, so as you guys are aware,
56:51
Bitcoin price is getting bubbly. We're at 94 K.
56:54
Well, let me let me double check here.
56:56
Where where are we currently? Oh, Oh no, I'm chart boying a
56:58
little bit. I don't mean I'm not going to
57:00
chart boy, I'm not chart boying. OK, I I just we're going to look
57:04
at it for a second. Where we at, we are currently at
57:07
93.9. OK, so basically 94K as you see
57:11
Bitcoin went back to 94 K. You guys could check my magic
57:13
lines here. That's kind of the area that we
57:17
need to retake before we start to feel like, OK, maybe we're
57:21
going to go back to, you know, 101K climb, which is essentially
57:27
the 50 week moving average. So you can see here that's these
57:31
are kind of the the two areas that I'm watching this like 94 K
57:35
range. And if we can secure that, then
57:37
we go to the 101 K range. So I'm I'm not chart bowling.
57:41
I did do a little chart bowling. You guys love the chart bowling.
57:43
I'll put on the one minute chart for a little bit just because
57:46
you guys, I love that actually shouts out to I'm blanking on
57:49
who it was. Sorry, bro, but someone hit me
57:53
up on orange fill app Sunday morning.
57:55
He's like, yo, the one minute chart is going wild.
57:58
And so of course I had to respond.
58:00
I, I had to go look at the one minute chart.
58:01
I, I'm I'm very proud that I kind of meme the one minute
58:04
chart. I, I didn't know you guys.
58:06
You guys don't know about the one minute chart.
58:08
The one minute chart's just the funnest thing to look at.
58:09
Don't trade the one minute chart.
58:11
This is for entertainment purposes only.
58:14
Just watch the one minute chart and and you'll start to feel
58:17
your emotions kind of go with it.
58:19
It's it's just fun. It's just good fun.
58:20
All right, guys. Anyways, the reason I'm kind of
58:23
talking about where what we, where we currently are is cuz
58:28
this morning I, I kind of had like an interesting, I, I don't
58:36
maybe introspective thought It's really not that deep.
58:40
But this morning one of my friends tweeted like we're at 93
58:43
K or something and what's his Twitter like Katoshi or
58:49
whatever, you know, it shouts out to you.
58:51
He used to hang out with us in chat and then he rage quit on
58:53
us. We still troll each other on
58:55
Twitter. He's basically like, shut your
58:57
dirty mouth with it made me think.
58:59
I, I was just like, it made me just reflect.
59:02
I, I just, I, I started to think of the irony of it where, you
59:06
know, on the one hand, us Bitcoiners are super, you know,
59:11
loud about like trust the math man, believe in math, bro.
59:15
Like 21 million hard cap the code, like everything divided by
59:21
21 million. It's math, dude.
59:23
It's simply math, dude. Like very logical, right?
59:27
We're very logical in our kind of shills and what we believe in
59:31
Bitcoin to be and why we believe in Bitcoin.
59:35
And then at the same time, when we see Bitcoin start to pump,
59:41
we're very superstitious. And I just sat there, I was
59:44
drinking my morning coffee, getting ready to go to the gym.
59:47
And for the first time it the the dichotomy, the irony of it
59:52
kind of just was I, I just couldn't ignore it.
59:56
I was sitting there. I'm like, you know, it's very
59:58
funny to me. We're so mathematical.
1:00:01
And yeah, once the Bitcoin price starts pumping.
1:00:04
It's all about superstitions, it's all about vibes when you
1:00:07
can see and really if you understand what's going on it
1:00:09
kind of in the macro landscape, you can see all the different
1:00:13
factors that do push up Bitcoin. But we're still just like, dude,
1:00:17
don't jinx it bro, bro, don't don't say it, don't even look at
1:00:20
it. Don't talk about it guys.
1:00:22
If you talk about it, you're gonna dump it.
1:00:24
Now I I've, you know, I've been guilty of it.
1:00:26
I'm guilty of both, both sides of this, but on the one hand, I
1:00:31
just, I couldn't ignore just how funny that was to me.
1:00:34
On the other hand, obviously we we do kind of understand the
1:00:37
mechanics here. Like there, I think there is
1:00:39
very real traders out there that are algorithmically kind of
1:00:43
trading trends as a Bitcoin heuristic goes is like the more
1:00:47
people talk about Bitcoin, that's when the traders want to
1:00:50
short Bitcoin and wreck the people.
1:00:51
So like that is a factor here. I get that maybe this is just a
1:00:55
shorthand way of people talking about that mechanism or, or that
1:00:59
kind of rating strategy to play out, but I don't know.
1:01:03
For this reason, this morning I'm like, wow, dude, we're so
1:01:06
logical and yet we're so superstitious.
1:01:10
Maybe this is just a culmination of, of humanness, of being
1:01:14
human, of human psychology, which Bitcoin is, is we can be
1:01:18
very logical in a lot of different, you know,
1:01:21
disciplines. You can be logical in certain
1:01:24
aspects of your lives. And then there's other times
1:01:27
when you're just super superstitious and you just like
1:01:31
your thought process goes completely out the window and
1:01:34
you guys troll me all the time like I am a Bitcoiner.
1:01:37
Maybe not that logical again, you know, 42 IQ Bitcoiner here,
1:01:41
left side of the right side of the big bell curve here.
1:01:44
But I, I am religious and you guys troll me all the time.
1:01:47
Like I, I, you know, grew up Catholic, you guys, I hear you
1:01:52
guys in the chat all the time. It's like, dude, for you being,
1:01:55
you know, such a smart bitcoiner.
1:01:56
I can't believe you believe in, in the, you know, the bearded
1:01:59
guy in the sky. And it's like, well, it's faith.
1:02:02
I, I can't explain it. I, I, I believe in God.
1:02:06
You know, I, I understand your argument, but there's just leaps
1:02:10
of faith that I do take in certain aspects of my life.
1:02:13
And, you know, I think everyone has these.
1:02:15
But this morning I was just sitting there.
1:02:17
I'm like, man, it's so funny. We're so superstitious when it
1:02:20
comes to the price. And I, I, at this point, I think
1:02:23
I, as I was claiming last week, I was like the last bullish
1:02:27
Bitcoiner on YouTube. Even my most bullish friends
1:02:32
were starting to get bearish. And I'm like, dude, I just
1:02:36
think, I just think everything's changed.
1:02:38
Like I just think fundamentally the institutions have changed
1:02:42
Bitcoin and I'm not completely vindicated here.
1:02:47
It's not completely confirmed. You know, we could go up to like
1:02:51
$100,000 Bitcoin and then we dump back down.
1:02:54
We could Bart back down. You know, I'm still completely
1:02:58
open to that being the possibility, but I just I don't
1:03:03
think that's going, I don't think that's playing out guys,
1:03:06
with the geopolitical nation state game theory that's playing
1:03:11
out. Again, if the Venezuela news is
1:03:14
real and it comes out that it is confirmed, then the the rocket
1:03:20
boosters, the fireworks just got put under every world leader's
1:03:25
ass now and they have to start stacking Bitcoin.
1:03:29
They have to start at the very least allowing Bitcoin to be
1:03:34
used in a traditional financial sense.
1:03:37
And if that game theory kicks in, bro, we're not bullish
1:03:43
enough. We are totally not bullish
1:03:46
enough on where we are going this year.
1:03:48
Now, obviously this is uncharted water.
1:03:52
I'm I'm kind of convinced the four year cycle is is completely
1:03:56
done. Maybe it's on like an 8 count
1:03:57
right now. Maybe it's a 7 count.
1:04:00
Maybe it's a nine count. I don't know.
1:04:02
But things have changed fundamentally changed.
1:04:08
Yes, we got an all time high 18 months after the halving, but we
1:04:11
got an all time high before the halving.
1:04:13
We should be, we should be dropping like a hot potato.
1:04:16
And I think over the weekend, or rather where this price has been
1:04:19
holding up. I did look back back on kind of
1:04:21
previous price actions and I think it kind of reminded me at
1:04:25
the end of the 2021 bear market where we kind of went sideways
1:04:29
and then roughly around this time, we completely nuke.
1:04:32
Now, again, being a little superstitious here, I, I don't
1:04:35
want to jinx it, but guys, buckle up.
1:04:41
I think 2026 is going to be a great year.
1:04:44
I'll say it now, I, I will, you know, eat crow, I'll eat my foot
1:04:49
at the end of the year if I'm wrong, but I'm starting to feel
1:04:52
very bullish. I'm starting to get very excited
1:04:54
about what 2026 is, is going to offer us.
1:04:58
I think it's going to be a great year.
1:04:59
It's going to be a crazy year, but it's going to be a great
1:05:01
year. So with that first week or first
1:05:05
day of the first week of Simply Bitcoin 2026 officially done,
1:05:11
let's hope we get some crazy news stories this year, guys.
1:05:15
Let's hope we just, we just get unlimited news and we can come
1:05:22
in day in and day out and just lose our gourd and really do the
1:05:28
Are we tired of winning? I really hope I'm tired of
1:05:30
winning by the end of the year. I really hope I'm tired of
1:05:33
covering extremely bullish stuff because my dopamine is so fried
1:05:37
because the price is ripping. We got all this news happening.
1:05:40
Our jobs are good, we feel good, we're fit, we're wealthy.
1:05:46
We got some girlfriends, multiple girlfriends and life's
1:05:51
good man. I I really do believe there is a
1:05:54
fork in the road right now. You're either on the hard money
1:05:59
Bitcoin side or you're on the very depressed.
1:06:05
Fiat is life is hard side. You got to pick.
1:06:09
Can't have both feet and both avenues, though, I would argue
1:06:14
keep your Fiat job, mono the funds into Bitcoin.
1:06:18
That's probably the best bet for most people.
1:06:21
Don't don't be dumb like me. Don't don't do the naive, the
1:06:25
naive jump. And this isn't me gatekeeping.
1:06:27
This is just like if I was smarter, I probably wouldn't
1:06:30
have done this. But hey, it's working out.
1:06:32
We love you guys. I appreciate you guys. 2026 is
1:06:35
going to be late, man. All right, it's your boy Opte.
1:06:37
I'll see you tomorrow. Have a good rest of your day.
1:06:41
Peace out until next time. This has been simply Bitcoin
1:06:44
Live. Today's episode was brought to
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you by bitcoinwell.com, a Bitcoin only platform on a
1:06:51
mission to enable financial independence.