Latest / Simply Bitcoin / Can The Money Printing SUPERCYCLE Send Bitcoin to $1M by 2028?! | EP 1339

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Can The Money Printing SUPERCYCLE Send Bitcoin to $1M by 2028?! | EP 1339 · Simply Bitcoin

• 0:00
  Yeah, most people think $1 million Bitcoin by 2028 is
• 0:05
  impossible, but not Arthur Hayes.
• 0:08
  The US money supply is breaking out to new all time highs and
• 0:12
  Scott Besson, the US Treasury Secretary, just admitted that
• 0:16
  we're entering an easing cycle. Gold's hitting new all time
• 0:21
  highs and the dollar strength is at the lowest it's ever been
• 0:25
  since 1973, while Bitcoin stuck at 113,000.
• 0:31
  Arthur Hayes has an interesting theory on where Bitcoin could be
• 0:35
  by 2028. Let's check out the clip and
• 0:38
  then we shall talk about it. My North Star is 2028, end of
• 0:43
  2028 when Trump and his cronies leave office that you know, in
• 0:47
  their wake, Bitcoin could be in the $1,000,000 plus range
• 0:50
  because of all the money that they printed between now and the
• 0:54
  end of their term. We're at the end of September.
• 0:55
  The end of the year is coming really soon and we're not close
• 0:57
  to 250,000. What has to happen?
• 0:59
  Come on. Come on.
• 1:01
  Guys. So I think that's what a lot of
• 1:04
  people are wondering. Anyways, ladies and gentlemen,
• 1:06
  today we have Andre Loja in the house.
• 1:09
  He is the founder of Free Malaida and the organizer of one
• 1:13
  of my favorite Bitcoin conferences in the world in
• 1:16
  Malaida in Portugal, the Bitcoin Atlantis conference.
• 1:19
  Andre, thank you so much for joining us.
• 1:22
  I mean, these price predictions are getting wild.
• 1:24
  You have the CEO of Coinbase basically calling for $1 million
• 1:28
  Bitcoin by 20-30. You have Arthur Hayes, a pretty
• 1:32
  successful entrepreneur in the space.
• 1:34
  He's known for Bitmex. I know he's, you know, stepped
• 1:37
  away from that recently, but he's making the case that Larry
• 1:41
  Leopard and Lynn Alden are making with the whole, you know,
• 1:45
  nothing stops this train the big print.
• 1:49
  And Scott Besson is admitting that.
• 1:50
  Look, we're entering an easing cycle.
• 1:53
  And you see that with the Federal Reserve finally lowering
• 1:56
  rates. It wasn't it wasn't by a lot.
• 1:58
  It was only 25 basis points. But, you know, at least it's
• 2:01
  kind of getting the the party started, so to speak.
• 2:05
  But at the end of the day, man, we started this year at 109,000,
• 2:09
  the day that President Trump got inaugurated, January 20th of
• 2:13
  2025, we are at 109,000. Then he announces meme coin.
• 2:17
  Then we, like, dumped like crazy.
• 2:19
  I think we went all the way down to 76 K.
• 2:22
  Then we went to 125 K. Now we're back at 113 K.
• 2:27
  But if you just go from point A to point BA 109,000 to 113,000
• 2:34
  in a span of nine months, I mean, is Bitcoin becoming a
• 2:39
  stable coin? Andre, what's your take on this,
• 2:41
  my friend? Well, not a stable coin, but you
• 2:46
  know, Bitcoin does usually the opposite of whatever people are
• 2:50
  expecting. And I guess the suits,
• 2:53
  especially the suits we're expecting for and some over
• 2:56
  excited clubs. We're expecting, you know,
• 3:00
  Bitcoin to moon. I don't know, I don't know
• 3:03
  Bitcoin will do it. It's something when when, when
• 3:06
  you know what it decides to do with something.
• 3:09
  I look only at the, you know, long time frame.
• 3:12
  So for me, we're, we're good, but it's obvious that it's going
• 3:17
  to, you know, it's going to be way more, you know, valuable
• 3:22
  than it is today, you know, when it decides to.
• 3:27
  When it decides to finally RIP, That's right.
• 3:29
  Anyway, so let's get into some of the sources here of what we
• 3:33
  were talking about from the very beginning.
• 3:35
  So Besant says we're going into an easing cycle and we will see
• 3:40
  a massive decrease in mortgage rates.
• 3:43
  Powell should have signaled 100 to 150 basis basis point cuts,
• 3:49
  not just 75 basis points cuts. We'll begin Fed candidate
• 3:53
  interviews next week looking for someone with an open mind.
• 3:58
  So this is kind of like a continuation of the trend.
• 4:01
  A lot of people are saying that Trump, you know, he, he has his
• 4:05
  eyes on, you know, getting more influence with the Federal
• 4:09
  Reserve and just kind of getting his people in there that are
• 4:12
  aligned with his policy goals of making America great again.
• 4:17
  I know that Opti is not a big fan of that.
• 4:20
  Huge fan of the rhetoric. But anyways, just look at the M2
• 4:25
  money supply. This is what Arthur Arthur Hayes
• 4:27
  was talking about. You know, they did kind of, you
• 4:30
  know, lower for a little bit. But once again, we are at all
• 4:32
  time highs, ladies and gentlemen.
• 4:34
  And I was actually watching a a video of who was the video that
• 4:39
  we were watching before we went. On Joe Burnett.
• 4:41
  Joe Burnett and he was talking about the association of the
• 4:45
  Bitcoin price with the overall money supply of the world.
• 4:48
  And how how directly correlated it is.
• 4:51
  And this is the M2 money supply. So this is basically the money.
• 4:55
  This is the USM 2. The USM 2.
• 4:59
  And worldwide is even worse, you know.
• 5:01
  Yeah, worldwide's even worse. Worldwide's even crazier, right?
• 5:04
  Absolutely. Andre is absolutely right.
• 5:06
  So, but as you can tell, you know, the US is supposed to be
• 5:09
  the most disciplined, so to speak.
• 5:12
  And I mean, this is absolutely crazy.
• 5:14
  And if you just go back to 2008, right, this is like when, you
• 5:18
  know, Satoshi invented or discovered Bitcoin and you take
• 5:22
  a look at that, right? You know, he, he, he predicted
• 5:25
  this, you know, he predicted this.
• 5:27
  He said, like, look, Chancellor on the brink of the second
• 5:30
  bailout for banks. This was the bailout, right?
• 5:33
  Which at that time, you know, quantitative easing was like, it
• 5:38
  was unheard of. Fast forward, you know, a
• 5:43
  decade, 15 years later, 20, yeah, 1520 years later.
• 5:47
  And take a look at that. Dude.
• 5:48
  They went crazy during the pandemic.
• 5:50
  Like, that is literally a hockey stick up.
• 5:53
  And then once again, you know, they're continuing to print
• 5:56
  money. And then also to a very, like,
• 5:58
  astute comment from James Lavish.
• 6:01
  James Lavish was basically making the case that because
• 6:04
  Scott Besson. I'm sorry, because Jerome Powell
• 6:09
  decided to lower interest rates by 25 basis points.
• 6:13
  They're admitting that 3% inflation is the new normal.
• 6:18
  They're not. They don't have any intention of
• 6:20
  trying to get it back to two, 2%.
• 6:23
  Three percent is the new normal. It is what it is.
• 6:26
  And yeah, you know, it's kind of it's it's interesting.
• 6:30
  How do you protect yourself from this?
• 6:32
  Obviously through hard assets. I'm going to go through a lot of
• 6:35
  this other source material. Opti's going to narrate it
• 6:37
  because I Opti is the in house macro expert.
• 6:41
  But let's take a look at how gold is doing because gold is
• 6:45
  performing amazingly as well. Opti.
• 6:49
  Zoom in here a little bit so I can read this.
• 6:52
  All right, guys. So connecting all the dots here,
• 6:54
  I know we're a Bitcoin show and recently we have been covering
• 6:58
  the gold price. We're not necessarily gold
• 7:01
  maxi's or gold bugs here, but I think what we're seeing from
• 7:05
  gold is a signal of what is going on and this tweet
• 7:08
  perfectly. Sums it up.
• 7:10
  I don't know who this Robin Brooks guys is.
• 7:12
  It says senior fellows somewhere and it goes gold is now up is
• 7:15
  stunning, 13% since Powell's dove his speech at Jackson Hole
• 7:18
  on August 22nd about a month ago.
• 7:20
  This is happening even as the dollar is stable against other
• 7:23
  Fiat currencies. So what's happening is in across
• 7:26
  the board debasement in Fiat currencies against gold.
• 7:30
  Now this is what I've been telling you guys for a while on
• 7:34
  the show. What we're seeing from gold hit
• 7:36
  all time high right now is really showing you that there is
• 7:40
  something fundamentally going on in the economy.
• 7:43
  I've been calling it the monetary reordering.
• 7:45
  A lot of big corners have been saying something very similar,
• 7:49
  whether they're Bitcoiners or not is showing us things are
• 7:52
  changing. So if gold, a hard currency is
• 7:55
  going all time high, it essentially means what this
• 7:57
  tweet is telling us. Everyone is noticing that Fiat
• 8:01
  currencies are not a good store value.
• 8:04
  So this chart very clearly is showing us that all Fiat
• 8:08
  currencies are being debased against gold.
• 8:10
  Obviously as the kind of mimetics in Bitcoin go is gold
• 8:14
  runs first and then Bitcoin runs even harder.
• 8:17
  And so if you kind of connect the dots from what Scott Besson
• 8:21
  is saying, he basically said we're going back to quantitative
• 8:24
  easing. It's what he said is, hey, we're
• 8:27
  going to print a lot of money. He basically just admitted that
• 8:30
  we're printing a lot of money. It's quantitative easing with by
• 8:33
  another word, you know, he said the easing cycle is starting.
• 8:36
  And then if you connect this with the interest rates going
• 8:39
  lower, he's, he was saying that Jay Powell should have dropped
• 8:43
  him by 100 to 150 basis points, which would be absolutely
• 8:47
  unheard of if they did that. Of course, Jay Powell just did a
• 8:50
  25 basis point. So that's a what you know, 4 or
• 8:55
  5X cut on interest rates, which is essentially showing everyone
• 8:59
  that you cannot save in Treasuries anymore.
• 9:01
  The risk off savings vehicle which is treasuries is no longer
• 9:07
  the good investment here. So again connecting all of these
• 9:10
  dots, we're seeing the dollar strength get get estimated right
• 9:15
  now it's the lowest it's been since 73.
• 9:17
  We're seeing gold hit all time high, which means people are
• 9:19
  dropping treasuries and then we are starting to see that they
• 9:25
  want to even more so drop the interest rates.
• 9:30
  It's all pointing to one thing and actually when you pull up
• 9:33
  this Ray Dalio tweet Nico, cuz he also lays it out really
• 9:37
  clearly this one this one right here he is he's been beating
• 9:41
  this drum for a minute here. We're seeing now gold is the
• 9:45
  second largest reserve currency in the world.
• 9:47
  And This is why I have recently been talking about the USM 2
• 9:52
  supply a little more as a correlation to what's going to
• 9:57
  happen in Bitcoin, not necessarily because I don't like
• 10:00
  the global liquidity, but it's more in line to the US dollar is
• 10:04
  still the word reserve currency. So what we do with the M2, it
• 10:07
  has more of an effect on what goes on, on global liquidity.
• 10:11
  And then of course, there's a lot of Bitcoiners in America.
• 10:13
  There's a big push in America towards Bitcoin right now.
• 10:17
  But if you understand what happened with Fiat currencies
• 10:20
  and you kind of connect all these dots, gold's hitting all
• 10:22
  time high again. Dollar strength is lower than
• 10:25
  ever. They're saying we're going to
• 10:26
  come back and print a ton of liquidity here in the US dollar.
• 10:31
  It's all pointing to one thing that you need to have hard
• 10:35
  assets right now or go into hard currencies.
• 10:37
  And I think the market in gold is essentially telling us that
• 10:41
  people in the know are front running this event happening in
• 10:44
  real time. You can no longer save in, in
• 10:47
  dollars. You can no longer save in
• 10:48
  treasuries. And then we're also seeing
• 10:51
  interesting stuff come out of China.
• 10:53
  They're essentially talking about umm, dropping treasuries
• 10:58
  and then they're trying to themselves position China as
• 11:02
  being one of the world leader in gold, which is basically, you
• 11:06
  know, finally ending what happened in 1971.
• 11:09
  It seems like the world, at least on a nation state level,
• 11:12
  they are starting to move towards a gold standard because
• 11:14
  they're realizing there's fundamental problems in the
• 11:17
  plumbing of traditional finance. And so all of this is going to
• 11:20
  what I always say here, we've always said this on the show.
• 11:23
  All Bitcoiners say the same thing.
• 11:25
  All roads lead to to Bitcoin. And as you see on the bottom
• 11:29
  here he goes. If events today follow a similar
• 11:31
  pattern, then that makes hard currencies an attractive asset
• 11:35
  to hold. This is what you're seeing
• 11:38
  happen right now. And you can say that we are, you
• 11:40
  know, confirming our bias. Maybe we're cherry picking
• 11:43
  information, but the charts aren't lying here.
• 11:46
  If they're going to print a ton of money, if M2's going up, not
• 11:50
  only just in the US but globally, dollar strength is
• 11:53
  loosening. And then, of course, gold
• 11:55
  hitting all time high, It's starting to show that people are
• 11:59
  looking for alternatives. And if you understand anything
• 12:02
  that's going on right now is you need to have hard currencies,
• 12:04
  you need to own a hard asset. And of course, we think Bitcoin
• 12:08
  is the best asset to hold. And then when what we're seeing
• 12:11
  with Scott Besson, him and Besson or rather the Trump
• 12:14
  administration and Powell, they've been having this fight
• 12:17
  right now. We know Powell's going to be out
• 12:19
  early 2026. They're talking about we're
• 12:21
  going to get some new Fed board governors in that, you know, the
• 12:25
  interview process right now, which is essentially saying all
• 12:28
  the same thing, even though Jay Powell has been saying, hey, we
• 12:31
  don't get political. They are trying to put the Fed
• 12:35
  under the control of the Treasury.
• 12:36
  And if they're able to do this, what's this mean, guys?
• 12:39
  It means the money printer is going to go into OverDrive.
• 12:42
  It's going to get pressed so much that it's going to start
• 12:44
  burning. It's going to start fuming here.
• 12:47
  And if you're, if you're an average person and you're
• 12:50
  holding dollars or you're not holding assets, you're really
• 12:53
  going to get left behind. And it's, it's honestly a little
• 12:56
  terrifying of what they are saying because look, as much as
• 13:00
  we want to see Bitcoin go up, who knows what grocery prices
• 13:06
  are going to be? Who knows what rent's going to
• 13:07
  be, Who know, who knows how high the inflation prices of
• 13:11
  everything are actually going to end up.
• 13:13
  It's starting to get very interesting.
• 13:16
  The monetary reordering is happening in real time.
• 13:19
  And remember, I've been listening to Mark Moss a little
• 13:22
  bit and he's coined the term the MAR a Lago Accords.
• 13:25
  And they're literally doing the playbook exactly as they said.
• 13:29
  They want to lower the dollar strength.
• 13:33
  They won't, you know, basically decimate your purchasing power
• 13:35
  in the dollar, lower interest rates, and then, you know, add
• 13:39
  stable coins in there so that they can continue to expand the
• 13:44
  money supply without people really feeling the pain.
• 13:47
  And it's it's all telling us the same thing.
• 13:49
  Guys, the money printer is going crazy.
• 13:51
  This is why a lot of Bitcoiners have been saying like the money
• 13:55
  printing super cycle is upon us, which is going to drive Bitcoin
• 13:58
  absolutely to the moon here. So look, I know Arthur Hayes is
• 14:04
  is following Uncle Rockstar here and saying ridiculous price
• 14:07
  predictions, but it's really starting to look like this is
• 14:12
  exactly what's happening. They're going to debase
• 14:14
  currencies and all Fiat currencies are being debased
• 14:17
  against. Gold, which is a signal that.
• 14:20
  You can't be holding currencies. If you're holding currencies,
• 14:22
  Fiat currencies right now, you're going to get absolutely
• 14:25
  wrecked. So This is why we constantly
• 14:28
  push towards Bitcoin as we're seeing as the headlines have
• 14:31
  been telling us, you know, Bitcoin has fundamentally
• 14:34
  secured itself as the reserve currency of the Internet.
• 14:37
  It is going to be a long path for us to get to the world
• 14:42
  reserve currency status, but it's headed towards that
• 14:44
  direction. So hey, everything is happening
• 14:48
  as according to plan, guys, it's all happening, happening exactly
• 14:52
  according to plan, dude, they're going to, they're going to,
• 14:56
  they're going to freaking destroy the M2 chart here.
• 15:00
  Like the 2020 number. I think that's what the next.
• 15:04
  Leg up is going to look like. Speaking of M2, I mean there is
• 15:08
  there is a little bit of a disconnect right between I don't
• 15:12
  know why this oh, there we go, there is a little bit of a
• 15:15
  disconnect if they don't want to get your take on this, something
• 15:19
  is soaking up a lot of liquidity and other news.
• 15:22
  Global M2 just went absolutely vertical and BTC fair price is
• 15:28
  250K. And then this kind of goes to
• 15:31
  the thesis that again, what Joe Burnett was talking about this
• 15:35
  morning, what we've been talking about that there is this kind of
• 15:38
  this correlation between the global M2 liquidity and the
• 15:45
  Bitcoin price. And as you could see, the
• 15:47
  correlation is is very matched. And again, you know, depending
• 15:50
  on who you talk to about this, like I know that checkmate, he's
• 15:53
  not a big fan of this. And I know that there's other
• 15:55
  Bitcoiners that are not big fans of these types of charts, but
• 15:59
  there is some type of correlation if you take a look
• 16:03
  at that. But it seems like there has been
• 16:06
  AD correlation really since the beginning of 2025.
• 16:11
  Now the question is, is, are these things going to catch up?
• 16:14
  And if it does catch up, Zero Hedge is making the argument
• 16:17
  that, hey, look, you know, this is $250,000 Bitcoin if it does
• 16:23
  keep up that correlation. And that's kind of like what a
• 16:26
  lot of people are expecting. They're expecting the Bitcoin
• 16:30
  price to be at roughly 252. Well, that's saying at 2:50
• 16:35
  today, the fair price of Bitcoin today should be around 250.
• 16:38
  So there is. Something going on in the
• 16:40
  markets that none of us can fully understand.
• 16:43
  I I think it really has to do more with the meme of paper
• 16:47
  Bitcoin, not necessarily saying there's more than 21 million
• 16:50
  Bitcoin. I'm gonna ask.
• 16:53
  Andre Andre, Is there paper Bitcoin shenanigans happening?
• 16:56
  Is there more than 21 million Bitcoin?
• 16:58
  I have no clue. I have no clue.
• 17:03
  However, you know, and then you mentioned, you guys mentioned
• 17:06
  that already, there's usually a gap between the, you know, gold
• 17:10
  and even the M2 liquidity and and the and the correlation with
• 17:13
  the with the Bitcoin price. So, you know, as I said in the
• 17:16
  beginning, it will eventually get there if there's some
• 17:20
  shenanigans or whatever, I don't know if they are in and are the
• 17:25
  assets on a transparent, you know, blockchain like Bitcoin,
• 17:29
  some people can blow up really soon if that happens.
• 17:33
  And then we we may even see a correction, you know, like other
• 17:36
  stuff that happened in the past in the history of Bitcoin, but
• 17:40
  it will explode afterwards. So, you know, on a long again,
• 17:43
  on a long time frame, it's obvious where things are going.
• 17:48
  Yeah. But it's it's just a shame
• 17:50
  because a lot of people are going to be through very hard
• 17:53
  times. We can see, we can feel it,
• 17:55
  right? And that's why I think, I
• 17:59
  believe, you know, on the importance of education and
• 18:02
  adoption of Bitcoin, the hardest asset around.
• 18:07
  Yeah. And it will get there.
• 18:08
  It will get even more crazy than the the gold prices has been
• 18:12
  getting this year because that obviously, obviously has very
• 18:16
  big macro players, you know, putting their finger on it.
• 18:21
  But yeah, it'll it'll expose explodes eventually.
• 18:25
  Yeah, I I 100% agree. I do want to give a shout out to
• 18:28
  the live stream. Almost 400 people watching live
• 18:30
  on YouTube, almost 100 people watching live on Rumble, and of
• 18:34
  course, the X audience always coming in strong.
• 18:36
  If you guys are enjoying the live stream on YouTube, help us
• 18:39
  break 100 likes before we get to the 30 minute mark of the show.
• 18:44
  We got 10 minutes until that time.
• 18:45
  So smash that like button ladies and gentlemen, really helps push
• 18:49
  this show forward and it helps to push it in the algos so smash
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  the like button if you guys are enjoying it and I'm going to
• 18:56
  drop a poll in the chat yeah while.
• 18:59
  You do that. I do want to talk about the like
• 19:01
  that Zero Hedge tweet. The question is there is extra
• 19:06
  liquidity in the system. Where is it going and what is
• 19:10
  soaking it up? Obviously, I think a lot of it
• 19:12
  is going into gold as we're seeing, you know, gold is
• 19:15
  running up. It's at all time highs.
• 19:17
  It's that's at levels we've never seen before.
• 19:19
  It's I think what what I didn't check it this morning, but it's
• 19:21
  like 3700 right now per ounce of gold, which is absolutely
• 19:25
  unheard of in regards to Bitcoin.
• 19:28
  What is soaking up that liquidity as I was talking about
• 19:31
  like paper Bitcoin, I, I don't think there, well there, there's
• 19:35
  a small chance that there is paper Bitcoin in the sense of
• 19:37
  more than 21 million Bitcoin on exchanges, etcetera.
• 19:41
  I think what is soaking up the demand for Bitcoin right now is
• 19:45
  the ETFs and the treasury companies.
• 19:47
  And so we still, depending on who you're listening to, there's
• 19:50
  still a lot of debate whether they're actually buying all the
• 19:53
  Bitcoin they claim they're buying.
• 19:55
  But I think that's where the demand is going right now.
• 19:58
  That's where the hype has been. And until we see a lot of people
• 20:04
  buying spot Bitcoin and the price starts moving, it does
• 20:07
  look like the ETFs are soaking up a lot of that demand right
• 20:11
  now. And it's still, I would say,
• 20:13
  unclear whether that is going straight into spot Bitcoin yet
• 20:17
  or if there's some kind of shenanigans going on over there.
• 20:21
  So that's I think where the, the the difference is in liquidity.
• 20:24
  Yes, global liquidity is going up.
• 20:26
  Yes, the M2US liquidity is going up.
• 20:29
  I think gold is eating up a lot of that demand right now.
• 20:33
  But it's kind of one of those ideas where you essentially take
• 20:38
  the first step into something that's more familiar, which is
• 20:40
  gold. And then the next move is you
• 20:43
  start to realize that gold doesn't actually fix this.
• 20:46
  It just kind of recreates where we've been this whole time and
• 20:49
  then they take that next leap and it goes into Bitcoin.
• 20:52
  So as Andre was saying, there is a delay here.
• 20:57
  Who knows how long this delay is going to hold on to for, for,
• 21:01
  you know, how many more days? Who knows what the delay is
• 21:04
  actually going to be, 100 days, 30 days.
• 21:07
  I know a lot of people been saying 30 to 90 days.
• 21:10
  So I think that's where all the demand is going.
• 21:13
  It's either going into gold or to ETFs.
• 21:15
  But once it hits spot Bitcoin on chain and once we get the, you
• 21:19
  know, the feedback loop from retail coming in, I think it is,
• 21:23
  I think it's ripping, man. I'm Nika.
• 21:25
  I might have to say it now, 2026 is not a bear market.
• 21:30
  OK. That, that is inflammatory.
• 21:34
  I want to get Andre's take on that.
• 21:35
  Andre, do you think, do you think we're going to have an
• 21:37
  extended cycle do? You, well, you know, I'm not the
• 21:42
  chart guy, you know, of course the cycles of Bitcoin, you know,
• 21:47
  in hindsight were obvious, but I, I'm, I'm on the band that the
• 21:52
  cycles are going to diminish or, or entirely disappear because of
• 21:56
  demand and, and the demand and the, and the, I guess the, the
• 22:02
  knowledge about what Bitcoin is, is very, very different now.
• 22:07
  And, and the numbers are very, very different.
• 22:10
  Like the, the, the mind Bitcoin doesn't make a dent anymore.
• 22:14
  So I'm on my on the band that the cycles are going to
• 22:21
  disappear and we're going to be, you know, steady up ad
• 22:26
  infinitum, you know, and that's where we're going.
• 22:29
  Also, I believe that, you know, just just an hunch.
• 22:34
  Of course. I don't know.
• 22:37
  I think there must be a lot of people and I, and by people I
• 22:40
  mean not only individuals, but, you know, wealthy individuals
• 22:45
  and businesses and even nations buying secretly.
• 22:49
  Yeah, Oh. Definitely 100% I I 100% agree
• 22:52
  with that. I mean, you have the Kingdom of
• 22:55
  Bhutan, 1/3 of their GDP is in Bitcoin.
• 22:59
  Like that is effing crazy. This tiny little Himalayan
• 23:03
  Kingdom, you know, happiest place on earth.
• 23:06
  And they, they're, I can't say it.
• 23:11
  They're, they're, they're something deep into Bitcoin.
• 23:15
  You know, they, they have no shame.
• 23:17
  They're just, they're just buying all the Bitcoin they can,
• 23:20
  which is, you know, absolutely fantastic.
• 23:24
  And I think that there is a lot of other countries, specifically
• 23:27
  some Middle Eastern countries that have been, have been buying
• 23:31
  Bitcoin secretly. And yeah, apparently, you know,
• 23:35
  the US has the intention. But according to this latest
• 23:38
  article, Freedom of Information Act request, there actually
• 23:44
  hasn't been any movement on the strategic Bitcoin reserve.
• 23:48
  Could this be a part of the reason as to why Bo Hines
• 23:52
  resigned? I don't know.
• 23:53
  We're going to be talking about that later.
• 23:55
  But I do want to focus on this article from Forbes because it
• 23:57
  kind of takes a contrarian approach and I want Opti to
• 24:02
  debunk it because Opti is the in house bullish.
• 24:06
  I mean, it's in. It's in his name.
• 24:08
  Dude I don't even like this title.
• 24:10
  Bitcoin is digital exit gold. What's this mean?
• 24:12
  It doesn't really know what that means.
• 24:14
  See is the in house, you know all right.
• 24:16
  Here, Nico, you want me to debunk this article without
• 24:18
  reading it? Go to the first sentence.
• 24:21
  First sentence. Wait, wait.
• 24:23
  Yeah, yeah, first sentence. Bitcoin hasn't really gone
• 24:26
  anywhere since I bailed at 100K. OK, end of article.
• 24:29
  This guy doesn't know what he's talking about.
• 24:33
  So Opti actually has a second job, and he's a writer for.
• 24:37
  No, I thought this was Billy Bamba, but Billy Bamba Billy.
• 24:41
  Bamba wouldn't let us down. I know, Billy.
• 24:43
  Would not sell at 100K. Billy Bambaugh would never sell
• 24:47
  bro. Billy Bambaugh is taking us is
• 24:49
  going to the moon. But anyways, I just do.
• 24:51
  I want to read this article for the sake of just argument dude.
• 24:55
  It's trash. The first sentence, it's over.
• 24:57
  OK Opti, we have to read the contrarian takes bro.
• 25:01
  OK, so anyways, Bitcoin hasn't really gone anywhere since I
• 25:05
  bailed at 100K Hashtag. Wrecked hashtag.
• 25:09
  Your opinion doesn't count not. In line with expectations of
• 25:13
  250K or a million that the fan base has been calling for my
• 25:18
  caveman prediction for a very long time ago, ever since the
• 25:21
  last crypto winter has been previous high. 6060 thousand
• 25:28
  equals 60,000 * 2 = 120 K new peak.
• 25:33
  It's too simplistic, I know. That's not even right.
• 25:36
  The having like. Oh, 60,000 multiplied by having
• 25:40
  I don't even know it, but he did say it was caveman math.
• 25:43
  Dude, this I'm reading this for the sake of reading this Opti
• 25:48
  it's on Forbes. This is a legitimate media
• 25:51
  institution bro. OK it says it's too simplistic.
• 25:56
  I know we all, we all need a clever story of heroes and
• 26:00
  villains, but here we are and have been over an extended
• 26:05
  period. To me, something material has to
• 26:09
  happen to break this four year cycle, 4 year doubling cycle and
• 26:14
  it's not plugging into the nervous system of Trapfi.
• 26:16
  I see what he's doing. I see where it's meant.
• 26:18
  Famous for its blood sucking, rule breaking predation on
• 26:23
  assets. Sorry Wall Street, but your rap
• 26:25
  sheet is epic. Now I've been on the receiving
• 26:28
  end of a bit of a stick over the past many months for not being
• 26:32
  bullish on crypto and have been the bad guy on quite a few X
• 26:36
  bases saying this is the top. While crypto denizes, denizens
• 26:43
  have been singing the seductive moon song of Bitcoin Infinity.
• 26:48
  Yet here we still are between 100K and 120K.
• 26:52
  So what's next to me? The current Bitcoin chart is not
• 26:56
  weak, it's actually quite strong, but my call that around
• 27:00
  120 K marks the top before the next crypto remains my position
• 27:05
  in my model. Global tension is keeping
• 27:08
  Bitcoin afloat because Bitcoin is for is for flight, while gold
• 27:12
  is for war. Think of it in meme terms.
• 27:15
  Bitcoin is digital exit gold. While the possibility that many
• 27:18
  wealthy individuals might choose to exit their regimes in the
• 27:22
  future exists, Bitcoins flight use case will be a strong
• 27:27
  tailwind for the price. Every moment of nerves for the
• 27:31
  many fragile regimes in this stressed out world will goose
• 27:35
  Bitcoin while their future looks perilous.
• 27:38
  However, rather than speculate about where crypto is now, let's
• 27:42
  examine what different groups in the market will do and how that
• 27:46
  might impact the future. Anyways, just get to the.
• 27:50
  Conclusion. Let's see what he concludes.
• 27:52
  Here, okay, he puts in a meme and everything.
• 27:55
  All right, he won. That joke I gave you in 2010?
• 27:58
  Can I have it back? That was his.
• 28:00
  That was his conclusion. Opti.
• 28:03
  No. Anyways, think of all the new
• 28:08
  players in crypto now. Government, Wall Street, Tradfi
• 28:12
  converts and Johnny Come Ladies lately, late lies, plus
• 28:17
  corporation, Treasury, Reserve foamers, not to mention hackers
• 28:21
  with record-breaking height. Heights all right, I just see
• 28:24
  this is this is what he says crypto is about blockchain, OK.
• 28:28
  Crypto is about blockchain. We're done.
• 28:30
  We're done with this. We're done with this.
• 28:32
  This is, this is trash. This is.
• 28:33
  Trash. So I can I can just assess that
• 28:36
  you disagree with this? I mean, I wholeheartedly
• 28:38
  disagree. 120KA120K. Is is not the top?
• 28:43
  I mean it was so far, he's not wrong there so.
• 28:47
  But this whole that whole article is trash like.
• 28:50
  He he basically makes a case. Yeah, yeah, he's, yeah.
• 28:55
  Glenn Chambers is not going to make it.
• 28:56
  He basically said he, he said basically, you know, blockchain,
• 29:02
  not Bitcoin and 120K top duty sounds like my buddy that DMS me
• 29:07
  all the time telling me 120 K was the top and I'm like, you're
• 29:11
  no, OK, no, I disagree. I'm I'm, I'm doubling down on
• 29:16
  what Uncle Rockstar told me. You got to make sure your price
• 29:18
  predictions are so ridiculous that they think you're crazy.
• 29:21
  120K is not the top. Plus there won't be a crypto
• 29:27
  winter as this guy's mentioned. Yeah, exactly. 40 year cycle is
• 29:30
  dead. 120K is just the beginning.
• 29:33
  You heard it here first. People are saying that that
• 29:36
  there is going to be no crypto winter.
• 29:37
  I did ask the chat by the way, where do you think the Bitcoin
• 29:41
  Bitcoin will be by year's end? 46% said 150 K, 15% said 200 K
• 29:49
  25% said 250K. So let us know in the poll.
• 29:56
  Yeah, yeah. Where's 1,000,000?
• 30:01
  If you would have asked me in the beginning of the year, I put
• 30:03
  I would have put 1,000,000. But a lot of people feel very
• 30:07
  strongly that 120 K is not the top we got.
• 30:12
  Jake Fever says 182 K is the local top.
• 30:16
  Then dip down to 125 K, back up to 250K, CS says.
• 30:24
  Research the history of empires, currency collapses, and new
• 30:28
  global currencies and you'll see.
• 30:30
  We'll see what. Million by this year.
• 30:34
  OK that's what we'll see now. CS also says yes the suppressing
• 30:41
  the price of gold is how they multiply their suppressing.
• 30:44
  It's the same as altcoiners. It's just on 100 year cycle
• 30:49
  instead of four to be says I don't like the bears, Bitstack
• 30:57
  says. End tin foil hat rant and and
• 31:01
  we'll do. This one, let's keep it moving.
• 31:04
  Matthew J. Matthew J 2026 is going to be
• 31:07
  up. This time is different.
• 31:09
  Laughing. Emoji.
• 31:13
  So anyways, guys, it's gonna be a fantastic show.
• 31:14
  We still have tons to talk about.
• 31:16
  We got Andre Loja in the house, the Free Madeta founder and the
• 31:22
  organizer of the Bitcoin Atlantis Conference.
• 31:24
  We're going to be talking about all the things that he's been
• 31:26
  talking about. I love the island of Madeta.
• 31:30
  It's where my favorite footballer is from.
• 31:32
  Cristiano Ronaldo. He played for Real Madrid, which
• 31:35
  is my favorite football team of all time.
• 31:37
  I actually just saw Madrid game for the first time in person.
• 31:40
  I was in Madrid like a couple weeks ago.
• 31:42
  That was pretty cool, but Cristiano's not there anymore,
• 31:44
  he's in Saudi Arabia. Anyways, I digress.
• 31:46
  We're going to be talking about Maleida.
• 31:48
  I love Maleida. Maleida has taking a very pro
• 31:51
  Bitcoin stance. It's like this Bitcoin citadel
• 31:56
  islands in the middle of the Atlantic.
• 31:58
  It's pretty bad ass. And Andre's been a very
• 32:02
  instrumental part of that. Just, you know, he know he's a
• 32:07
  local, he knows all the right people.
• 32:10
  So we're going to be talking about all his initiatives and
• 32:12
  all the things that he's been working on during the numbers
• 32:15
  segment. So we're really excited about
• 32:17
  that. Then during the news you're
• 32:19
  going to, you guys are going to want to stick around because we
• 32:22
  have this new article from the rage.
• 32:25
  I love that publication name. New FOIA response reveals no
• 32:30
  progress on strategic Bitcoin reserve.
• 32:32
  That's right. Apparently there is no strategic
• 32:35
  Bitcoin reserve that's coming. Someone in the chat says 400K by
• 32:39
  November. Remember 8th.
• 32:40
  Remember you heard it here first.
• 32:42
  People dropping crazy crazy predictions. 404100K in what, 2
• 32:49
  weeks? Let's go.
• 32:50
  That's my kind of prediction there bro.
• 32:52
  And we have Optes ex-girlfriend Christine Lagarde continuing to
• 32:58
  talk about central bank digital currency.
• 33:01
  So we we're always on top of that anyways guys it's going to
• 33:04
  be a fantastic show. You guys are going to want to
• 33:07
  stay tuned in but before we get into the numbers segment, I do
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• 34:09
  All right everybody, let's start the show.
• 34:11
  Let's hit the numbers. We have tons to talk about.
• 34:13
  We're going to be right back in just a bit.
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  se-ed.com store. All right everybody, we are
• 35:35
  back. At the time of recording, the
• 35:37
  Bitcoin price is $113,900 SAT's per dollar 878 block height
• 35:43
  916,210 Realized monetary inflation .85% market cap 2.27
• 35:51
  trillion Bitcoin versus gold market cap 8.52% percentage
• 35:56
  issued 94.88%. So almost the total Bitcoin
• 36:01
  supply has been issued. Anyways, I do want to talk about
• 36:04
  Maeda, beautiful, beautiful islands in the, in the Atlantic,
• 36:10
  in the Atlantic, it's Portuguese, lots of Venezuelans
• 36:13
  there. Actually, I, I, I learned that
• 36:15
  when I visited. Very cool, very cool.
• 36:17
  Lots of Venezuelans in Maeda. But anyways, the reason I want
• 36:21
  to talk about it is just the sovereign individual thesis.
• 36:24
  You guys know that I love this thesis, love this theory.
• 36:28
  It's very popular among the Bitcoin circles and the thesis
• 36:34
  is pretty simple. It's pretty straightforward and
• 36:37
  it you know again you with Bitcoin in self custody, you
• 36:41
  have the power to not only vote with your wallet, but you also
• 36:45
  have the power to vote with your feet.
• 36:47
  And you obviously want to go towards jurisdictions that are
• 36:52
  friendly towards Bitcoiners, right?
• 36:54
  You don't want to be in a jurisdiction that is unfriendly
• 36:57
  towards Bitcoiners because that that would kind of suck, right?
• 37:03
  So Malaida is one of those places that is not only
• 37:06
  absolutely beautiful, but it is a very, very friendly place as,
• 37:12
  as as a Bitcoiner. And if you want to start a
• 37:14
  Bitcoin business, it's a very, very cool island to go.
• 37:18
  And the man responsible for, you know, a lot of that is on the
• 37:23
  stream right now. His name is Andre Loja and he's
• 37:27
  done an incredible job with not only the Bitcoin Atlantis
• 37:32
  conference, which by the way, it's like the World Cup.
• 37:36
  Someone asked Nico, did you go to the sauna in Finland?
• 37:39
  I did go to the sauna in the I did a cold plunge and the sauna
• 37:42
  in Finland. So that was pretty cool.
• 37:45
  But anyways, so, not only so Bitcoin Atlantis conference, one
• 37:49
  of my favorite conferences, it's every four years, right?
• 37:52
  Which I'm gonna keep the thoughts to myself, but I it's,
• 37:56
  it's, it's, it's, it's nice. It's nice, you know, 'cause it's
• 38:00
  kind of like the World World Cup.
• 38:02
  It builds an anticipation, you know, it's like, you know if the
• 38:06
  World Cup was every year. I heard that it's good to keep
• 38:11
  people waiting. Yeah.
• 38:17
  So yeah, you guys have to check out Free Mileta.
• 38:21
  So anyway, so we're going to talk a little bit about Andre's
• 38:23
  different projects, So what he's working on on this beautiful
• 38:27
  island. So first free you guys have to
• 38:29
  go to freemileta.org, a Bitcoin community in the Atlantic.
• 38:33
  Free Mileta is a nonprofit organization focused on
• 38:36
  education, community building, and supporting Bitcoin adoption
• 38:40
  during the transition to a new monetary paradigm.
• 38:44
  So the floor is yours, by the way.
• 38:46
  Look at that Bitcoin Atlantis 2028 baby 2028.
• 38:54
  So it is it is returning Bitcoin Atlantis 2028.
• 38:58
  You guys have to go. But anyways, the floor is yours.
• 39:02
  Andre, what is free Maeda what what what inspired you to start
• 39:07
  this initiative on this beautiful island?
• 39:09
  I'm gonna I'm gonna show some pictures while you're talking.
• 39:14
  Well, free Ma, that is a A Bitcoin circular economy and
• 39:18
  also an education project. So it's a nonprofit association.
• 39:23
  That's the way we put it, a nonprofit organization with the
• 39:27
  sole focus to teach and, you know, and help people
• 39:30
  transition. As you mentioned on our website,
• 39:35
  we started, you know, two years ago.
• 39:37
  We're doing a lot of work on education and also the community
• 39:41
  base, of course, but it goes from workshops that we do very
• 39:48
  often during the year, not only for individuals and businesses.
• 39:52
  We, we are, we launched now in September, A10 week course based
• 39:58
  on the Bitcoin diploma. Let me show you.
• 40:01
  So shout out to my first Bitcoin project in El Salvador.
• 40:05
  So we translated the diploma to Portuguese and we're launching
• 40:08
  the course. Actually, we launched already
• 40:11
  the course. We have over 60 students
• 40:14
  enrolled. And, and we're also putting it,
• 40:17
  we're in talks with the secretary of Education to put it
• 40:19
  on on all of the students tablets all over Madera and Port
• 40:23
  Santo, the smaller island. We also do the meet ups.
• 40:29
  We do many other, you know, local stuff to increase the
• 40:33
  community and the awareness about Bitcoin and the adoption
• 40:37
  of Bitcoin. That's our main focus.
• 40:40
  Also, merchant adoption is going through the roof.
• 40:44
  We have over 150 merchants that accept Bitcoin all over the
• 40:49
  island, especially in for shale, the main, the main city.
• 40:53
  And there's a lot of bitcoiners living on a Bitcoin standard in
• 40:59
  Madera, which is amazing. They don't, they don't touch it
• 41:01
  at all. And this, you know, because of
• 41:05
  all this work and, and there's other goals still in plans like
• 41:09
  on the mining and energy, we're doing some tests with the local
• 41:14
  energy producers. And also the, the main goal is
• 41:17
  to do a physical hub in in for Shell.
• 41:19
  We'll, we'll get there the physical hub for the community.
• 41:25
  And that was why you were mentioning the, the four year
• 41:28
  conference that we didn't want to do it every year because, you
• 41:32
  know, we're a small organization.
• 41:34
  If we, if we were focused on on such a big conference every
• 41:36
  year, we would only be conference organizers.
• 41:40
  So we had the idea to do it every four year, keep it more
• 41:44
  like a big party, a big festivity for Bitcoiners to
• 41:47
  flock to Madera every, every album here.
• 41:50
  And and that way in the meantime, we can when we can
• 41:54
  focus on all the other free Madera work that we're doing.
• 41:58
  That's that's the main goal you're showing Bitcoin Atlantis.
• 42:02
  Bitcoin Atlantis was amazing. You know, we we had the idea to
• 42:05
  do a conference when we launched Trinidad, you know, basically to
• 42:10
  put a flag in the ground. Now we arrived, let's start all
• 42:14
  this work and let's do a conference to, you know, to put
• 42:17
  the eyes on Trinidad, but it kind of blew up and it turned
• 42:20
  out to be a very big conference. You were here.
• 42:24
  It was amazing. We had a stadium for ourselves.
• 42:28
  We have we had 200 speakers from all over the world.
• 42:32
  All the big names in the Bitcoin space were here.
• 42:36
  There were a lot of, you know, satellite events as well, even
• 42:38
  if music festival. So it was it was a week that I
• 42:43
  won't forget. And I think a lot of people have
• 42:44
  the same feeling. Everybody that I speak to that
• 42:47
  came felt the energy, felt how special it was.
• 42:52
  And yeah, we'll we'll keep it special for the next three years
• 42:55
  at least. We'll do a next surprise on the
• 42:58
  on the next one. It's like the World Cup, man.
• 43:01
  It's like the World Cup. It's every four years.
• 43:03
  It builds anticipation anyways. Also, you're also working on a
• 43:08
  fund, Andre, so can you talk a little bit about that as well?
• 43:12
  Before the fund, let me mention something you started with a
• 43:14
  sovereign individual. We are almost launching the
• 43:19
  sovereign individual in Portuguese for the first time in
• 43:21
  all Portuguese speaking countries.
• 43:23
  There was it was never translated to Portuguese.
• 43:26
  So through Monsera Books, which is an initiative that is
• 43:30
  basically a sister to Trinidad, where we translate the best
• 43:34
  Bitcoin and freedom oriented books into Portuguese, we're
• 43:38
  finally launching the the the the sovereign individual in
• 43:41
  Portuguese in Portugal, Brazil, Angola and Mozambique.
• 43:46
  That's awesome. That's awesome.
• 43:48
  So some someone in the someone in the chat says that the Maeda
• 43:53
  airport is one of the sketchiest in the world.
• 43:57
  First of all, it's not called. It's not called the Maeda.
• 44:03
  I wait, I have to share this. It's not called the Madada
• 44:07
  Airport, it's called the Cristiano Ronaldo Airport is.
• 44:13
  It actually. Yeah, let's go.
• 44:16
  It is. It is.
• 44:17
  So when you land, you have to say or the Border Patrol will
• 44:23
  kick you out. No, but it's super bad ass, man.
• 44:25
  It's like put on still. It's put on stilts.
• 44:28
  Man, it's a geography of Madada is hard.
• 44:31
  So they had to put the runway there next to the sea and the
• 44:34
  few like a few, I think it was inaugurated in the year 2000.
• 44:38
  They extended the runway. It was a big engineer.
• 44:42
  You know, you can see the columns in the in the picture.
• 44:45
  And man, there was, there was an accident in, in, in the airport
• 44:50
  many, many years ago when the, when it was, you know, quite
• 44:54
  small and and it was actually human error.
• 44:58
  The guy slipped. I don't know exactly the story,
• 45:01
  but since then there was no issues at all.
• 45:03
  So it's it's not really sketchy. It's a bit of wind here and
• 45:07
  there, but it's all good. So Andrea, let's talk about
• 45:15
  let's talk about your fun, man. This is this is a really bad
• 45:18
  ass. Airport, yes.
• 45:20
  Look at that. Look at that super.
• 45:21
  Bad, Actually, yeah. Yeah, so let's talk about, let's
• 45:25
  talk about your fun, man. What's going on with that the?
• 45:29
  It's called yeah, go ahead. The Basalto fund.
• 45:33
  Yeah, Basalto is the by the way, it's the Hard Rock where Madera
• 45:37
  sits on. So we found it appropriate as a
• 45:41
  name for for the new fund. And you know, Bitcoiners are and
• 45:45
  I'm I'm, I'm a doer man. I, I do a lot of stuff.
• 45:48
  I have fit businesses as well. I'm involved in Trinidad and
• 45:51
  Mosset and many other, you know, ventures and you always, you
• 45:55
  know, you keep thinking on how, what else can you contribute?
• 45:59
  And, and there was a lot of, you know, there was a lot of
• 46:02
  Bitcoiners interested in, in, you know, Plan B citizen
• 46:07
  citizenship options and so forth.
• 46:10
  And Portugal has a golden Visa program since, you know, many,
• 46:14
  many years ago, but nowadays it's only available through
• 46:18
  investment funds, you know, but you know, looking around, all
• 46:23
  the investment funds available are Fiat based businesses,
• 46:27
  right? Fiat based options, which don't
• 46:30
  look attractive at all for bitcoiners.
• 46:32
  So I wanted to create a better option.
• 46:35
  And so we did after a lot of, you know, a lot of work and
• 46:38
  compliance and regulatory issues and so on, we were able to
• 46:41
  create an investment fund that invests.
• 46:46
  Actually, the investment proposition is really simple.
• 46:48
  We invest a minimum of 80% on spot Bitcoin directly and up to
• 46:56
  20% we reinvest on the Bitcoin ecosystem through a partnership
• 47:01
  with Ego Death Capital. So Nico and Andy and they're
• 47:06
  supported with Jeff, Jeff Booth, Lynalden Press and Fish.
• 47:10
  Everybody knows them. We believe on what they're
• 47:14
  doing. We believe in their work.
• 47:15
  So we wanted to contribute and also because the fund is 8
• 47:21
  years, we believe that it's going to be very profitable as
• 47:25
  well. And I mean SAT's flow positive
• 47:28
  because the idea is again to have a much better options for
• 47:32
  Bitcoins to park their investment while they are
• 47:36
  eligible for the Golden Visa and don't lose exposure, exposure to
• 47:41
  Bitcoin. And by the end of the eight
• 47:43
  years, we can give them more sets back than they invested in
• 47:47
  the beginning. That's the the whole goal.
• 47:50
  Absolutely. And what if people, what if
• 47:53
  people want to find out more about it, Andre?
• 47:56
  Where can they go? So unfortunately our website is
• 48:00
  down currently because you know, Fiat bullshit.
• 48:05
  Sorry for my English. Our hosting had some issues so
• 48:09
  we're changing providers, but it's going to be, you know,
• 48:13
  maybe a couple or a few days it's going to be online again
• 48:16
  and you can find us at Basalto dot fund.
• 48:20
  Also you can find us, you know, if you follow Trimidad and
• 48:23
  you'll, you'll find this easily, especially my me myself on
• 48:26
  Twitter, for example, you know, I repost a lot of the Basalto
• 48:30
  stuff when we have socials there.
• 48:31
  We we have Basalto on Twitter. We have Basalto on LinkedIn, we
• 48:34
  have Basalto on Austria. Even so, it's very easy to find
• 48:38
  this. Just drop us an e-mail or DM and
• 48:41
  I'll I'll get to you. Fantastic.
• 48:44
  I want to thank Andre for coming on this on today's show.
• 48:46
  Andre Loja, he's the founder again of Free malaya.org, the
• 48:51
  organizer of the Bitcoin Atlantis conference.
• 48:54
  The next one's happening in 2028.
• 48:57
  And again, if you want to find out more about the Bozalto,
• 49:03
  Bozalto, Bozalto. I got to practice my Portuguese.
• 49:07
  I speak Spanish. I was just in Rio.
• 49:09
  You need to pop over to another more often man.
• 49:11
  I I was just in Rio like 2 Sundays ago drinking picanas.
• 49:15
  No, not a drinking picanas, eating picania and drinking
• 49:18
  capperinas. Boom boom.
• 49:21
  I pronounced those correctly. Anyways, Andre, thank you so
• 49:25
  much for joining us on today's show.
• 49:27
  Bro keep kicking ass I love. Bitcoiners that are.
• 49:30
  Building and I think what you're doing in my data is super cool.
• 49:34
  We have so many people in the chat saying they want to visit.
• 49:37
  People are saying they're going to take a boat because they're
• 49:39
  scared of the airport. But.
• 49:43
  But yeah, it, it, it, it's pretty far in the Atlantic,
• 49:46
  guys. Just take a plane anyways.
• 49:49
  So, Andre, thank you so much for joining us on today's show.
• 49:52
  I really appreciate it. My pleasure.
• 49:53
  Thank you for the invite man. Take it easy, man.
• 49:57
  All right, everybody, it's going to be a great show.
• 49:59
  We still got tons to cover. We're going to be talking about
• 50:02
  the FOIA request that essentially unveiled that the US
• 50:06
  government has not been buying Bitcoin that they they they they
• 50:11
  have no intention of a strategic Bitcoin reserve.
• 50:14
  And also this kind of lines up with the fact that Bo Hines or
• 50:20
  boy Bo Hines, they what, look at what they did to our boy.
• 50:23
  Pull up that. Look at what they did to my boy.
• 50:25
  Look at what they did to my boy. The Godfather meme.
• 50:30
  Bo Hines, he resigned from, he resigned from the government.
• 50:35
  And like a lot of people were speculating.
• 50:37
  And then Scott Bessett went on TV and he's like, oh, we're
• 50:40
  going to acquire, we're going to acquire gold, but we're not
• 50:42
  going to acquire Bitcoin. So it seems like little elites
• 50:48
  did some great investigative journalism and she got she, she
• 50:52
  filed a Freedom of Information act.
• 50:54
  She got some information. Look at what?
• 50:58
  Look at how they massacred my boy, right?
• 51:01
  And it seems like she discovered some information.
• 51:05
  So anyways, guys, we're going to be right back.
• 51:08
  We're going to hit the new segment and we're going to talk
• 51:10
  about all that and much more. So stay tuned.
• 51:14
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• 53:05
  All right, everybody, we are back and we're going to do a a,
• 53:09
  a deep dive and analysis of this article by the rage.
• 53:14
  This is Lola Leets. She's been doing great.
• 53:17
  Just coverage on the Tornado Cash case.
• 53:20
  Great uncredentialed journalism. Samurai wallet.
• 53:25
  I mean, I don't. I trust.
• 53:26
  I trust independent journalism more than credential.
• 53:28
  Journalism. Yeah, Credentialed journalism's
• 53:30
  trash. So.
• 53:32
  So what are we going to talk talk about?
• 53:34
  A new FOIA response reveals no progress on strategic reserve.
• 53:40
  It goes on to say on March 6th, President Trump tasked federal
• 53:44
  agencies to review their authorities to transfer any
• 53:48
  assets held to the digital assets stockpile.
• 53:52
  The reports on these authorities were due to be delivered to the
• 53:55
  Treasury for review 30 days after the publication of Trump's
• 53:59
  executive order corresponding to April 5th, 2025.
• 54:04
  Naturally, we filed a Freedom of Information request with the
• 54:07
  Treasury to obtain the results of said reports.
• 54:11
  Except that the Treasury doesn't have them.
• 54:14
  In response to our request, the Treasury could we pull up like a
• 54:17
  guilty picture of Scott Besson, dude of Trump?
• 54:20
  What are you talking about? Scott Besson.
• 54:23
  In response to our request, the Treasury instead directed us to
• 54:27
  contact agencies with seizure and forfeiture authority
• 54:30
  directly, including the IRSIRS criminal investigation, Homeland
• 54:35
  Security Investigations, as well as the US Secret Service.
• 54:40
  It goes on to say after careful review of your request and
• 54:43
  consultation with the IRSI have routed your request to IRS for
• 54:47
  processing to direct. Oh, that's a good one.
• 54:53
  Where's the Bitcoin? Where's the Bitcoin?
• 54:56
  I don't know. I don't know.
• 54:58
  I don't know where the Bitcoin is.
• 55:00
  After careful pull it up. OK, have them have let's have
• 55:04
  Scott in the in the corner. There we go.
• 55:06
  Perfect. He's our guest.
• 55:08
  We're we're big fans of Scott. By the way, Miko is I'm, I'm a
• 55:14
  big fan of Scott, big fan of Trump.
• 55:17
  I think they're doing great. It's a great administration.
• 55:20
  Opti is not Opti. Dude, I'm going to hold my piece
• 55:23
  to my part Keep going. Opti, you know, Opti wants Biden
• 55:27
  back. That's what you said to me this
• 55:28
  morning. Yeah, Hunter Biden.
• 55:36
  After careful review of your request and consultation with
• 55:39
  IRS, I have routed your request to IRS for processing and direct
• 55:42
  response to you further inquiries.
• 55:44
  Inquiries concerning your request should be directed to
• 55:47
  IRS at Internal Revenue Service. GLDS support services stop 211,
• 55:54
  PO Box 621506. I mean, I feel like that's never
• 55:58
  going to be answered. Please note that the IRS will
• 56:01
  assign your request a new FOIA case number and will notify you
• 56:05
  of the change. After consulting with subject
• 56:08
  matter experts, I was advised that you may want to consider
• 56:12
  submitting requests. What the F does that to be
• 56:15
  better the various they have a that's a typo.
• 56:19
  There's a typo in there. Apparently that's not a good
• 56:21
  sign. The various federal agencies,
• 56:24
  IRS, CI at Homeland, HSI and USS with seizing and forfeiture
• 56:33
  authority is another typo. That's not a good sign at all
• 56:37
  dude. Oh man.
• 56:39
  Our FOIA, our FOIA's on the report on total assets held by
• 56:43
  federal agencies which were also due to be reported to the
• 56:46
  Treasury by April 5th, 2025 remain pending.
• 56:50
  Remember in the beginning of the year there was an executive
• 56:53
  order by the Trump administration which OPTI does
• 56:56
  not like. And.
• 56:58
  No, I like the keep note. And part of part of the
• 57:06
  executive order was that the federal government was going, Is
• 57:10
  that Thunder? Yeah, that was loud, was to
• 57:13
  report that it was to report how much Bitcoin the federal
• 57:20
  government had. And that report was due April
• 57:23
  5th, 2020. 5. Right.
• 57:26
  We haven't seen it yet. We don't know how much Bitcoin
• 57:29
  they hold. We have no effing clue.
• 57:31
  We have an estimation. We know that the Biden
• 57:34
  administration was selling Bitcoin.
• 57:36
  We know that. We've discovered that.
• 57:41
  But we don't know how much Bitcoin the federal government
• 57:44
  has. The only thing we know is that
• 57:46
  they're not going to sell more, but we don't know how much they
• 57:48
  have anyways. Our Freedom of Information Act
• 57:53
  on the reports on total assets held by federal agencies, which
• 57:57
  were also due to be reported to the Treasury by April 5th, 2025,
• 58:01
  remain pending. Earlier this year, we revealed
• 58:04
  that the US Marshall Service, the agency which manages the US
• 58:07
  government's forfeiture program, only holds around 30,000
• 58:11
  Bitcoin, far off from the widely advertised 200,000 Bitcoin
• 58:16
  estimated to be property of the US government.
• 58:19
  So where is it at? Dude, that's crazy.
• 58:22
  It's a lot of Bitcoin missing. It should be noted that such
• 58:25
  discrepancy in numbers is likely due to the fact that current BTC
• 58:29
  trackers do not differentiate between CS funds, which may
• 58:33
  eventually be given back to victims, and forfeited funds
• 58:37
  which may have been that may have been made property of the
• 58:40
  US government and not, like Senator Lummis, falsely
• 58:44
  speculated in response to our reporting because the government
• 58:47
  was selling its Bitcoin. I mean, I love Senator Lummis
• 58:51
  anyways. All in all, it does that say
• 58:54
  falsely speculated. Oh God.
• 58:58
  All in all, it should be questionable how seriously the
• 59:01
  Trump administration is taking the establishment of a strategic
• 59:04
  reserve when not even simple tasks like reports on asset
• 59:09
  holdings and authorities seem to be compiled complied with.
• 59:13
  If you were a single issue voter, which I was, and maybe
• 59:16
  about time to demand some accountability from your
• 59:19
  government. Wow, low elites.
• 59:24
  Absolutely slang. So here's what I think happened
• 59:27
  in my humble opinion. OK, just putting the putting the
• 59:31
  pieces together. Should we keep Scott up?
• 59:35
  Should we make them just keep them up like that?
• 59:40
  Let's make a full screen. They appreciate the $10.
• 59:45
  Appreciate the Super chat. Tell Nico, get hooked on
• 59:51
  phonics. What is that?
• 59:52
  I don't know. I don't get the jail help.
• 59:55
  You to learn to read. Oh, that's never going to
• 59:58
  happen. But my mom's been trying that
• 1:00:01
  for decades. It's never worked.
• 1:00:04
  Somehow still ended up here anyhow.
• 1:00:06
  OK, so back to the subject matter, this is what I think
• 1:00:11
  happened. I think last year the Biden
• 1:00:15
  administration was very hostile towards the industry.
• 1:00:18
  I think the Biden administration was selling Bitcoin and they
• 1:00:22
  were not reporting that they were selling Bitcoin.
• 1:00:26
  I think they were doing that all of last year.
• 1:00:28
  I think that's been confirmed now, by the way, I think they
• 1:00:32
  were hostile towards the industry.
• 1:00:33
  There was many different moves that they did with Operation
• 1:00:36
  Choke .2 Point O to try to stop it.
• 1:00:39
  Then Trump came in and he had to build one of the strongest
• 1:00:45
  coalitions in American electoral history, which included former
• 1:00:50
  Democrats like RFK Junior and Tulsi Gabbard.
• 1:00:54
  And he wanted to get some of the Bitcoiners votes.
• 1:00:57
  We are a very large voting bloc in the United States, especially
• 1:01:01
  the the younger generations that own Bitcoin and crypto.
• 1:01:05
  And he identified that correctly so as a very powerful voting
• 1:01:11
  bloc and donor base. And that's exactly what
• 1:01:15
  happened. So he promised, you know, that
• 1:01:19
  new group of voters that hey, I'll end Operation Choke .2
• 1:01:23
  point O. But he also promised that voter
• 1:01:27
  base that they were going to create a strategic Bitcoin
• 1:01:31
  reserve. Now, here's the thing, when they
• 1:01:34
  when when Trump issued that executive order in the beginning
• 1:01:38
  of the year, there was a lot of pushback from the other cryptos,
• 1:01:44
  which are run by foundations and founders and they wanted
• 1:01:51
  reserves themselves. So what Trump did, I think he
• 1:01:54
  threaded the needle. He created a strategic Bitcoin
• 1:01:57
  reserve and then he created a the altcoin stockpiles, so to
• 1:02:03
  speak. And that was that.
• 1:02:07
  But I think that once they started discovering how much
• 1:02:13
  Bitcoin was sold, again, this is pure speculation, but we do have
• 1:02:17
  a track record of being tomorrow's Bitcoin used today.
• 1:02:21
  And we have a do have a track record of being more right than
• 1:02:24
  we are wrong on things. I think that once they started
• 1:02:29
  discovering how much Bitcoin was sold and remember guys like a
• 1:02:32
  lot of that Bitcoin, that 200,000 Bitcoin, it actually
• 1:02:37
  belonged to Bitfinex because Bitfinex had this massive hack.
• 1:02:40
  Could you look up how much bit how much Bitcoin was hacked Cope
• 1:02:48
  Opti Opti hates like it let you talk about you.
• 1:02:53
  OK, so so Bitfinex hack, how much Bitcoin was it?
• 1:02:57
  Spelled it wrong? Well, 119,756 Bitcoin.
• 1:03:03
  So 119,000 Bitcoin that all of that Bitcoin was recovered.
• 1:03:07
  The thing is it hasn't been given back yet.
• 1:03:11
  But during the previous administration that was
• 1:03:13
  arresting crypto founders left and right like CZ and Arthur
• 1:03:18
  Hayes. Arthur Hayes has been pardoned.
• 1:03:20
  A lot of them have been pardoned by the Trump administration.
• 1:03:24
  Like what do you do? Because again, like if you
• 1:03:27
  recover Bitcoin from a theft, you're supposed to give that
• 1:03:33
  Bitcoin back to the party that was affected by the theft.
• 1:03:37
  You're not supposed to just keep the Bitcoin.
• 1:03:38
  Like, that's not how that works, right?
• 1:03:42
  Because what is that with it then?
• 1:03:43
  What was the point of them recovering the Bitcoin in the
• 1:03:45
  1st place if you're not going to give it back to the affected
• 1:03:47
  party who was the victim of the crime, right?
• 1:03:50
  But then we're like, what happens when you're like, dude,
• 1:03:53
  like we sold that Bitcoin. We don't have that Bitcoin to
• 1:03:55
  sell. And then it was like, was it
• 1:03:57
  ever their Bitcoin? And like it it, it wasn't even
• 1:04:00
  their Bitcoin to it says Phil Faulkner says, I think 67,000
• 1:04:06
  BTC was recovered. But the point I'm trying to make
• 1:04:08
  is that only 30,000 Bitcoin of the estimated 200,000 Bitcoin
• 1:04:14
  has been able to be found. We don't know.
• 1:04:18
  Identified. Identified we don't know we
• 1:04:21
  don't know where the 170,000 Bitcoin are on April 5th we were
• 1:04:26
  supposed to find Elaine Nico keep your eyes off the chat for
• 1:04:32
  your own good. It's a happy face.
• 1:04:35
  We on April 5th, we were supposed to find out how much
• 1:04:38
  Bitcoin they had according to the executive order.
• 1:04:42
  They haven't made that public. And then you connect that with
• 1:04:46
  Bo Hines resignation. Bo Hines was like our man on the
• 1:04:51
  inside. He was a young guy, very smart,
• 1:04:55
  and he was like hell bent on making the strategic Bitcoin
• 1:04:59
  reserve like a thing, right? But I mean, we saw a video of
• 1:05:06
  Senator Lummis, which I'm a big fan of.
• 1:05:08
  We're big fans of Senator Lummis here.
• 1:05:11
  It's simply Bitcoin. And she was talking about how
• 1:05:15
  the Trump administration supports the United States
• 1:05:20
  buying 1,000,000 Bitcoin. But The thing is, they're not
• 1:05:24
  going to be able to do that without the support of Congress.
• 1:05:26
  Congress, they don't have a super majority.
• 1:05:28
  They don't have the 60 votes. So it's not veto proof or it's
• 1:05:34
  not filibuster proof, better said.
• 1:05:37
  So like, again, you can acquire Bitcoin in a budget neutral way.
• 1:05:42
  But you had Scott Besson go on legacy media the other day and
• 1:05:47
  and he kind of walked it back after a while when he got a lot
• 1:05:50
  of back, when he he got tapped on the show, he got a phone call
• 1:05:53
  and he walked it back. But initially he said, yeah,
• 1:05:56
  we're going to just like buy gold and we're going to stick to
• 1:05:59
  gold and just like that. So This is why Opti doesn't like
• 1:06:04
  the current administration. Can I go?
• 1:06:07
  Let me speak for myself. OK.
• 1:06:11
  All right. Look, Nico, being less cynical.
• 1:06:14
  Being being a little more benevolent here, I I do agree
• 1:06:18
  with your take on what happened. It does seem like the Biden
• 1:06:23
  administration probably sold a lot of that Bitcoin, which
• 1:06:26
  really would probably account for why the price has been so
• 1:06:29
  stagnant because we don't know where 170,000 coins are.
• 1:06:33
  They keep saying they hold all of that.
• 1:06:35
  We have no clue what's going on. So speculating on what actually
• 1:06:39
  happened with that Bitcoin, if it did get sold, then a huge
• 1:06:42
  chunk was sold on the market. And I'm guessing that when Trump
• 1:06:47
  kind of came out and was talking about a strategic Bitcoin
• 1:06:50
  reserve, he probably didn't know that we didn't have all the coin
• 1:06:53
  they have now. And you know, again, being being
• 1:06:57
  a little more gracious here than what I'm going to say in a
• 1:07:00
  minute. He probably got in and then
• 1:07:04
  figured out like, oh wow, we actually don't have all this
• 1:07:09
  coin. And this is probably why we
• 1:07:10
  aren't actually getting an updated audit recently, though,
• 1:07:14
  just from this article from the rage again shuts out little
• 1:07:17
  elites. It, it is very interesting that
• 1:07:21
  they just like sent them to the IRS and all the institutions
• 1:07:26
  that are confiscating coin and they're like, they'll know
• 1:07:28
  better than we will. We have literally no clue.
• 1:07:31
  So just like the story in itself is, is pretty insane when you
• 1:07:35
  kind of just think about it. It's like they should I, I feel
• 1:07:38
  like they could have at least said something a little
• 1:07:41
  different versus like, yeah, go talk to these guys there.
• 1:07:44
  There was 2 typos in the response.
• 1:07:48
  And like when it, when it says like look like send your request
• 1:07:52
  to 211, PO Box 621. Like that's not going to be
• 1:07:57
  seen. No one's going to see that.
• 1:07:59
  There's no way no one's going. To see that dude, they're do you
• 1:08:02
  check the? Do you check the mail these
• 1:08:04
  days? Yeah, but I I don't have APO
• 1:08:07
  box, I should get one but like. You know there's e-mail, right?
• 1:08:12
  Yeah, but I get stuff in the mail from Amazon all the time.
• 1:08:15
  No, no, no. That's like a.
• 1:08:17
  That's like a you, you. Order.
• 1:08:19
  Something no I I do I. Check my mailbox, you know every
• 1:08:21
  other. Couple of weeks, a letter, a
• 1:08:23
  letter. Yeah, the I mean, you know, if
• 1:08:25
  someone sent, I throw away. I throw away most of the stuff
• 1:08:28
  that comes in my mailbox if someone sent.
• 1:08:30
  You a letter, Would you read it? No one's sending me a letter.
• 1:08:34
  But if someone sent you a letter, would you read it?
• 1:08:36
  If I checked my mailbox and there was a letter in there,
• 1:08:39
  then yeah, I'd probably read it, but I wouldn't be expecting
• 1:08:42
  someone to send me a letter anyway.
• 1:08:44
  Anyway, let's not argue about mailboxes here or PO Boxes.
• 1:08:48
  You know, Bitcoiners use PO Boxes.
• 1:08:49
  Maybe they're Bitcoiners here, maybe they're alright.
• 1:08:52
  Alright. Anyways, anyways, I do feel like
• 1:08:55
  I need to acknowledge this. The very blatant attack from
• 1:09:00
  Nico on on my my character Nico's character assassinating
• 1:09:05
  me on the show today. I think the very end of this
• 1:09:10
  article is is the crux of what the situation is.
• 1:09:15
  And it is if you are a single issue voter, then you should be
• 1:09:21
  putting their feet to the flame. And with that comes where Nico
• 1:09:26
  and I argue about this constantly.
• 1:09:27
  What what is what is going on here?
• 1:09:31
  Me and Nico literally before the show, almost every single day,
• 1:09:34
  we have these same arguments on, you know, was voting for Trump
• 1:09:39
  the right move? You know what, who you're going
• 1:09:42
  to vote for. That's why that's why Nico's
• 1:09:45
  trolling me about about Biden. We.
• 1:09:48
  Got we got Ross free bro. I get it.
• 1:09:50
  I get it. I look.
• 1:09:52
  That was awesome. What I'm saying, though, is what
• 1:09:55
  Lola Lead said at the end of this is like, it doesn't seem
• 1:09:58
  like they're that serious with the strategic Bitcoin Reserve.
• 1:10:01
  Now, you can make all kinds of different speculations on why
• 1:10:04
  that reasons are, but my whole thing is essentially, look, I
• 1:10:09
  love Trump the man. I love the edits around Trump.
• 1:10:13
  The rhetoric is great, the push for Bitcoin is great, but when
• 1:10:18
  you really look into the stuff that they're doing, a lot of
• 1:10:21
  times it feels like vaporware like it.
• 1:10:23
  There's just hasn't been that much results.
• 1:10:25
  And again, I'm new to politics. I've only really started to pay
• 1:10:29
  attention since last year because they're coming out more
• 1:10:32
  pro Bitcoin. And maybe this is just, you
• 1:10:34
  know, how politics works, but personally, I I want to see, I'm
• 1:10:39
  trying to see some action here, Nico.
• 1:10:41
  I want to hear more than just words.
• 1:10:43
  And that's usually where I where where we talk past each other.
• 1:10:47
  I'm like, dude, this, this is vaporware, Nico.
• 1:10:51
  And Nico does like, who you going to vote?
• 1:10:52
  Like, would you have voted for Biden?
• 1:10:54
  I'm like, no, dude, I'm just saying like, I want to believe
• 1:10:58
  that what he says is going to actually happen.
• 1:11:02
  Is that too much to ask? I think I think I think progress
• 1:11:08
  in politics takes time and I think expecting massive change,
• 1:11:16
  pivotal change in DC to happen from one administration to the
• 1:11:23
  other I think is naive. I think this is going to be a
• 1:11:26
  multi decade feels right though. I think that if if we the end
• 1:11:35
  goal, let's be very clear what the end goal is here.
• 1:11:38
  And I know I always get made fun of this in the chat and they're
• 1:11:42
  like, Nico, have you ended the Fed yet?
• 1:11:45
  The end goal here is to end the Federal Reserve, right?
• 1:11:48
  Like, let's be very clear. Like that's the political end
• 1:11:50
  goal. That should be the political end
• 1:11:52
  goal of Bitcoiners. Bitcoin is not compatible with
• 1:11:57
  central banking. 1 is going to one side's going to win, the
• 1:12:01
  other side's going to lose. Like that's my, that's my
• 1:12:06
  opinion. You have the right to have your
• 1:12:09
  opinion. I just don't think they're
• 1:12:11
  compatible, the two I don't think that right now.
• 1:12:17
  You can't go from a country that has been a a government and a
• 1:12:24
  country that has been addicted to being able to print money to
• 1:12:31
  the other extreme, which is a limited government constrained
• 1:12:37
  by its lack of ability to print money.
• 1:12:42
  You can't go from one extreme to the other extreme.
• 1:12:46
  Now this, this isn't like, you know, this isn't uncalled for,
• 1:12:50
  right? In American history.
• 1:12:52
  There has been central banks in American history that have been
• 1:12:56
  ended by presidents. It just hasn't happened in a
• 1:13:00
  long time. And yeah, like, this just
• 1:13:05
  doesn't happen from one day or the other.
• 1:13:08
  I'm looking at it as in is the Overton window shifting?
• 1:13:12
  Is the culture shifting? And if the Overton window is
• 1:13:16
  shifting, which it has tremendously, and that's
• 1:13:19
  undeniable. I'll give you that.
• 1:13:21
  I'll give. You that, you know, you have the
• 1:13:23
  president of the United States like tweeting from the White
• 1:13:26
  House X account basically saying we want to make United States a
• 1:13:29
  Bitcoin capital of the world from going to we want to ban
• 1:13:34
  Bitcoin a year prior. That's a tremendous amount of
• 1:13:38
  progress, right? But it's not going to happen
• 1:13:41
  overnight. It's not going to happen
• 1:13:43
  overnight because at the end of the day, like culture is
• 1:13:46
  downstream from politics. I mean, politics is downstream
• 1:13:52
  from culture. And we still have a long ways to
• 1:13:55
  go like it it, it, this, this movement is going to take a long
• 1:14:00
  time and it's going to take multiple administrations and
• 1:14:04
  it's going to take people in Congress on both sides of the
• 1:14:09
  aisle that are pro Bitcoin. That's why we announced we were
• 1:14:12
  so excited. A lot of people are giving
• 1:14:14
  Dennis like a lot of crap for it.
• 1:14:16
  But that's why I was so excited when I saw that there was a
• 1:14:22
  Democrat candidate running on a Bitcoin platform and California.
• 1:14:26
  And now does he have a chance to win?
• 1:14:28
  No. But the fact that there is one
• 1:14:30
  that's putting in the effort is fantastic, Right.
• 1:14:35
  So yeah, like we need, we need more Bitcoiners in government.
• 1:14:42
  If you have more Bitcoiners in government, by definition,
• 1:14:46
  government is going to change. But that's going to take a long
• 1:14:49
  time. Like most people are still, you
• 1:14:53
  know, are still Fiat minded. They're they still believe in,
• 1:14:56
  in the cult of Fiat, as Ricardo Salinas, the billionaire from
• 1:15:00
  Mexico, says it, right. So, yeah, I mean, to, to think
• 1:15:05
  that they were going to do this massive change.
• 1:15:07
  Like Trump's a 78 year old man, bro.
• 1:15:10
  Like, I don't think he knows. I don't think he understands
• 1:15:12
  what Bitcoin is. Bro.
• 1:15:13
  Remember what he was saying in Nashville?
• 1:15:14
  Dude, he was like have fun with. Have fun with your Bitcoin have.
• 1:15:17
  Fun with your bitcoins, right? Like, like, I don't think he
• 1:15:21
  understands. I think he saw this correctly.
• 1:15:24
  So as a political opportunity, he jumped on it.
• 1:15:27
  I think he kept a lot of his promises.
• 1:15:30
  He kept more of his promises that he broke.
• 1:15:32
  So I think expecting him to be, I'm trying not, I'm not making
• 1:15:35
  excuses for it or anything, but like expecting it to be perfect.
• 1:15:40
  I think it's incredibly naive. You make progress over time,
• 1:15:44
  right? Like imagine if you have a
• 1:15:46
  younger president you know that is pro Bitcoin.
• 1:15:51
  Baron Trump pro Bitcoin candidacy What, 15 years?
• 1:15:56
  What's that, 2040 he's going to be?
• 1:15:58
  Dropping Pepe memes from his from his ex account, bro, like,
• 1:16:03
  you know, and the price of Bitcoin is going to pump.
• 1:16:05
  But yeah, it's going to take a long time.
• 1:16:07
  Like this is not like a, a, a yearly thing, right?
• 1:16:10
  Like this is not something that's going to happen in a
• 1:16:11
  year. But we have made a lot of
• 1:16:14
  progress, and that's the point I'm trying to make, is that
• 1:16:17
  we've made a ton of progress. We got Ross Ulbricht free, dude.
• 1:16:20
  I'll agree with that. Like, that's a huge win.
• 1:16:23
  Like just that in and of itself is a big win, bro.
• 1:16:26
  My opinion, My humble opinion. The next big win is them
• 1:16:30
  printing a shit ton of money. To to what?
• 1:16:34
  To pump the price. I mean, that's the only part of
• 1:16:38
  Trump, of Trump's speech from Nashville 2024 that.
• 1:16:41
  No, he also said don't sell your bitcoins.
• 1:16:43
  He he said he kind of hit some bars.
• 1:16:45
  There he said don't sell your bitcoins, right, but the only
• 1:16:49
  part and the vice president did speak in Vegas at 2025.
• 1:16:55
  So I mean, like the dude's like 80 years old and has a lot of
• 1:16:59
  yeah, I mean, that's what I'm trying to say.
• 1:17:00
  Like, you know, like this isn't his his priority.
• 1:17:03
  Again, I'm not trying to make excuses, but you guys have to.
• 1:17:05
  Be the priority is golf. You guys have to be.
• 1:17:07
  Can't be mad at him. You guys have to be like
• 1:17:09
  realistic with like you know what is going to happen.
• 1:17:13
  Like it's not just going to go from one day to the other.
• 1:17:16
  Like El Salvador is a completely different story.
• 1:17:19
  Like, El Salvador Naimbukele has a super majority in government
• 1:17:24
  #1 #2 the dude's a lot younger. The dude's like President
• 1:17:32
  Buchele is like, like in his late 30s, early 40s, so.
• 1:17:38
  I think you changed my mind, Bo Hines 2028.
• 1:17:44
  The Buchele is 44 years old, man.
• 1:17:46
  Trump. Trump's literally double his
• 1:17:48
  age, you know, so like, of course, like Bukele is going to
• 1:17:53
  be more open minded. And I think he, I think when
• 1:17:55
  Bukele got into office, he was, he was like literally in his
• 1:17:59
  late 30s, so. Bo Hines has my vote.
• 1:18:03
  Yeah, so I think this is just going to be a multi generational
• 1:18:06
  thing. America's a massive country.
• 1:18:09
  We have a lot of convincing to do.
• 1:18:11
  Like, you know, we're the largest Bitcoin show on planet
• 1:18:14
  Earth and our show's not that big, right?
• 1:18:18
  So we still got, we still got a lot of people to convince.
• 1:18:21
  You know, I do agree with your sentiment here.
• 1:18:24
  The important part of this conversation is every single one
• 1:18:27
  of us out here has to get as wealthy and influential as
• 1:18:32
  possible, and we're the next grass roots movement.
• 1:18:36
  Yeah, I, I, I would say that. I would say we're the next Tea
• 1:18:39
  Party movement, bro. I I I really I really I really
• 1:18:42
  believe that in my heart. Anyways, I do have to kind of
• 1:18:45
  end this segment. Then we're going to go to the
• 1:18:47
  culture segment. I do have a clip from Adam back,
• 1:18:52
  which is pretty cool. Or should I save this for
• 1:18:53
  tomorrow? Let's let's check out the do the
• 1:18:56
  Christine. Yeah, do.
• 1:18:56
  The Chrissy one and then we'll, we'll, we'll play that.
• 1:18:59
  Many people are a little worried about what will happen to them
• 1:19:04
  with the digital euro. Can you encourage them?
• 1:19:08
  Why is the digital euro good for people like like me?
• 1:19:12
  A digital currency where it has been piloted and there is only
• 1:19:16
  one which is clearly now launched in, in a, in a very
• 1:19:19
  small country, but it is piloted on a fairly large scale in, in
• 1:19:23
  China is of use and of service to all citizens.
• 1:19:28
  So it is not something that is good for the elite, or is good
• 1:19:33
  for the young, or is good for some versus others.
• 1:19:37
  If it is well done, and if it is well implemented, it would be of
• 1:19:41
  service to all citizens. I want to give a shout out to
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  our partner Hive Digital Technology.
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  freedom. Many people are a little worried
• 1:21:48
  about what will happen to them with the digital euro.
• 1:21:52
  Can you encourage them? Why is the digital euro good for
• 1:21:56
  people like you, like me? The digital currency where it
• 1:22:00
  has been piloted and there is only one which is clearly now
• 1:22:03
  launched in, in a in a very small country, but it is piloted
• 1:22:07
  on a fairly large scale in, in China is of use and of service
• 1:22:12
  to all citizens. So it is not something that is
• 1:22:17
  good for the elite or is good for the young or is good for
• 1:22:21
  some versus others. If it is well done, and if it is
• 1:22:26
  well implemented, it would be of service to all citizens.
• 1:22:31
  So I mean, trash take you must have really pissed her off.
• 1:22:36
  Taking example from from a totalitarian country like China
• 1:22:42
  isn't a big win. But I mean, that's that's why
• 1:22:46
  you know, someone in the chat is asking me say the line Bitcoin
• 1:22:49
  or slavery. Like it's literally as simple as
• 1:22:51
  that. That's where the elites want to
• 1:22:55
  go. And they're using China as an
• 1:22:57
  example, by the way, like if you take a look at the government of
• 1:23:02
  China and their history, and I'm talking about because it's a one
• 1:23:06
  party, it's a one party system, the CCP, they do not have a good
• 1:23:13
  track record at all. 0 It's a very, very bad track record in
• 1:23:18
  terms of human rights. You know, just take a look at
• 1:23:23
  the Great Tiananmen Square and the Great Great Leap Forward and
• 1:23:27
  all the all those things. And you know, they're still in
• 1:23:31
  power today, right? And they don't really have a
• 1:23:35
  good track record. So again, taking like, you know,
• 1:23:39
  taking looking at China and saying, OK, this is the
• 1:23:48
  direction I want to go is just like, it's like the opposite of
• 1:23:56
  it kind. It reminds me, I, I don't know
• 1:23:57
  if you guys have seen the, the, the UN speech that Trump dropped
• 1:24:01
  yesterday. He was just dropping bars the
• 1:24:05
  entire time. They like shut off the escalator
• 1:24:10
  and prompt. They like shut off the no, they
• 1:24:13
  shut off the escalator. I didn't even watch it.
• 1:24:15
  I don't. Know so they so like right when
• 1:24:16
  Trump was about to get on the escalator, they shut off the
• 1:24:19
  escalator. And then when he was like right,
• 1:24:22
  to give the speech, they shut off the teleprompter, right?
• 1:24:25
  But he was just talking hella shiitake the entire time.
• 1:24:31
  He was like saying like, you know, things about the climate
• 1:24:34
  and the the windmills and like, and like everything that like,
• 1:24:39
  you know, has been accepted as gospel, like Trump was just
• 1:24:43
  talking mad should talk to you about all of that.
• 1:24:47
  And he was just dropping bars the entire time.
• 1:24:50
  And he was basically saying, like, look, if you guys keep
• 1:24:52
  heading in this direction, it's going to be horrible for your
• 1:24:56
  countries. And like, this is the person
• 1:24:59
  who's the head of the European Central Bank and she's looking
• 1:25:02
  at China as an example. Like that is crazy.
• 1:25:05
  That is that is nuts. That is wild.
• 1:25:09
  That is that is terrible. It's so bad.
• 1:25:12
  It's so bad. It's someone in the chat and
• 1:25:16
  straight up. Yeah, called out.
• 1:25:19
  Yeah, exactly. Like he was just dropping bars.
• 1:25:21
  I I saw the whole speech, 'cause me and Opti were just getting
• 1:25:24
  sun yesterday. I heard the whole speech.
• 1:25:26
  It was like an hour long. I was entertained the entire
• 1:25:28
  time. Opti's like, yo, did he really
• 1:25:30
  say that? Like, like, it's hilarious.
• 1:25:33
  Like he was so funny. See, I like that Trump.
• 1:25:38
  And yeah, like it was just, it was just, it was just hilarious
• 1:25:41
  overall. But look, taking example from
• 1:25:47
  the CCP on what you should do for your country is just it's
• 1:25:53
  just, it's scary. It's scary.
• 1:25:55
  That's what I got to say, Opti. Dude I've I've been saying it
• 1:25:59
  for a minute, Europe is so cooked.
• 1:26:01
  Like what Nico said, I echo 100%, the as the European Union
• 1:26:08
  and the ECB start losing more and more control of over their
• 1:26:12
  citizenry, and of course, like the war going on between the US
• 1:26:16
  economically and the European Union, as they start to lose or
• 1:26:22
  rather continue to lose their like economic prowess around the
• 1:26:25
  world. The one thing that they're doing
• 1:26:27
  is literally going all the way back to the sovereign individual
• 1:26:30
  is essentially as they start losing more and more power, what
• 1:26:33
  do they do? They try to grasp for more power
• 1:26:36
  and it's absolutely insane that they are saying that China's a
• 1:26:40
  good example of a CBDC. And then her framing, Oh, this
• 1:26:43
  is going to be good for all citizens.
• 1:26:45
  And it's like, hey, they're talking about programmable money
• 1:26:47
  here. Who, who are the ones that are
• 1:26:50
  programming the money? It's not the, you know, the
• 1:26:52
  average citizen of, of Europe. It's just, it's the people in
• 1:26:55
  power. It is good for them.
• 1:26:57
  And we've been saying this for a while.
• 1:26:59
  The more they talk about this being good for, you know, the,
• 1:27:02
  the, for the good of the people or for your convenience, the
• 1:27:06
  more it's, it's like you need to stay away from this as much as
• 1:27:09
  possible. You need to fight this as much
• 1:27:10
  as possible. We've seen our.
• 1:27:12
  This week or? End of last week, beginning of
• 1:27:14
  this week. This happened multiple times in
• 1:27:17
  multiple countries that didn't want a digital ID, that don't
• 1:27:21
  want to CBDC. And what do they do?
• 1:27:23
  They close down their bank accounts like this is what's
• 1:27:25
  coming to every country in the world.
• 1:27:27
  If we are aren't actively fighting for our our personal
• 1:27:31
  freedoms to transact to with who we want with what we want.
• 1:27:35
  This is why we're bitcoiners. But yeah, Europe is so cooked I
• 1:27:40
  I feel bad for my European brethrens over.
• 1:27:42
  There, and they literally shut off the escalator and they
• 1:27:46
  turned off Trump's teleprompter trolling him while he was like
• 1:27:50
  flat out calling them out. You have to end it now.
• 1:27:54
  Let's see. I can tell you I'm really good
• 1:27:57
  at this stuff. Your countries are going to
• 1:27:59
  hell. In America, we've taken bold
• 1:28:03
  action to swiftly shut down uncontrolled migration.
• 1:28:06
  Yeah, I agree with that. Hey, if Trump can say it, I
• 1:28:09
  can't. You have to end it now.
• 1:28:11
  Let's see. I can tell you I'm really good
• 1:28:14
  at this stuff. Your countries are going to
• 1:28:16
  hell, dude. Europe's cut, man.
• 1:28:20
  Feel bad for the people out there because they're
• 1:28:22
  scrambling. For control.
• 1:28:24
  No wonder they turned off the escalator, bro.
• 1:28:26
  This guy's just dropping bombs, bro.
• 1:28:30
  Anyways, guys, Bitcoin or slavery?
• 1:28:33
  Bitcoin or central bank digital currency?
• 1:28:35
  That's the future. You're gonna have to pick on
• 1:28:36
  which one. What do you say?
• 1:28:38
  Bitcoin or slavery is not hyperbolic.
• 1:28:40
  It's not a hyperbolic statement at all.
• 1:28:41
  I mean, you hear Chrissy, you hear Chrissy, you hear Trump,
• 1:28:45
  you hear what's going. On You hear that sweet pillow
• 1:28:47
  talk from Chrissy? Anyways guys this was September
• 1:28:51
  24th 2025. This was SB live.
• 1:28:54
  I'm your host Nico's by the Deer Co host Optimus Fields.
• 1:28:56
  If you guys enjoyed the show, you don't do smash that like
• 1:28:58
  button and consider subscribing. And we'll be back tomorrow for a
• 1:29:01
  brand new episode. Take care, everybody.
• 1:29:03
  Today's episode was brought to you by bitcoinwell.com, a
• 1:29:07
  Bitcoin only platform on a mission to enable financial
• 1:29:10
  independence.