Latest / Simply Bitcoin / Is $1.6B about to HIT Bitcoin TODAY?! (FTX SAGA ALMOST OVER!) | EP 1343

Transcript

Is $1.6B about to HIT Bitcoin TODAY?! (FTX SAGA ALMOST OVER!) | EP 1343 · Simply Bitcoin

• 0:00
  After years of waiting, the third FTX repayments are coming
• 0:04
  tonight, meaning $1.6 billion could be about to hit Bitcoin.
• 0:09
  And Speaking of stablecoins, Tethered just bought $1 billion
• 0:13
  of Bitcoin today, and most people ignore what happens in
• 0:15
  the stablecoin market, but when you zoom out, it's pretty clear
• 0:18
  that they have a massive impact on Bitcoin's price.
• 0:22
  And considering this is the last day of September and we are
• 0:26
  entering October tomorrow, you need to be paying a attention
• 0:30
  that there seems to be some big buys happening behind the
• 0:33
  scenes. OK, let's jump into the news.
• 0:36
  Of course, I'm here with Sophie the Wonderful, the better half
• 0:39
  of Nico. And we have Austin Noah, Bitcoin
• 0:41
  artist founder, Bitcoin Art Magazine.
• 0:44
  So if you guys like Bitcoin art, we're going to be talking about
• 0:46
  that at the tail end of the show.
• 0:48
  Anyways, what am I talking about?
• 0:49
  And I know a lot of people I probably like, man, I thought
• 0:53
  the FTX saga was over. Well, it is not officially over
• 0:57
  yet. It, it, it seems to be
• 0:59
  happening, you know, rather slowly, as we've seen if you've
• 1:02
  been around in Bitcoin a while, the Mount G Ox scenario saga
• 1:06
  that's still basically ongoing. So these things take time.
• 1:10
  But what is interesting is that we are going to see a repayment
• 1:14
  tonight. And the real question that I
• 1:17
  have when I read this news and I'm we'll discuss just in a
• 1:21
  minute is whether the people on FTX are going to completely
• 1:27
  leave the crypto markets, Bitcoin markets or are they
• 1:31
  going to re enter the market in bulk.
• 1:33
  And again, that's a lot of capital going on.
• 1:36
  If $1.6 billion does buy Bitcoin, if it does re enter the
• 1:40
  market, it's about 14,000 coins plus, which is about 30 days of
• 1:46
  the Bitcoin supply. So it's not an insignificant
• 1:49
  amount of capital that can potentially reenter Bitcoin.
• 1:52
  And again, that's not even really accounting for what
• 1:54
  Tether did this morning. They bought about 88000 coins
• 1:58
  this morning. Again a billion dollars of
• 1:59
  Bitcoin so it does seem like the markets are reversing course
• 2:04
  here I know you guys saw finally bounced off that one O 8 we're
• 2:07
  in the one 13114 area and we have October, which is
• 2:12
  historically the best time to be in the Bitcoin market.
• 2:15
  So hopefully a big hopeful a big if October becomes another kind
• 2:21
  of data point of the past. It should be a great month and
• 2:25
  the end of the year anyways. Let's go into this article a
• 2:28
  little bit. So there has been a little
• 2:30
  speculation on how much capital is actually going to come into
• 2:34
  Bitcoin, or rather how much capital FTX is going to repay
• 2:37
  their customers. But the clear of it the the
• 2:41
  short of it is it's 1.6 billion and they have a total of 16
• 2:46
  billion to pay back. And we'll kind of go through the
• 2:47
  numbers of how much they actually paid back.
• 2:50
  But it is coming tonight from the kind of sources that I saw,
• 2:54
  it's supposed to hit tonight at 8:00 PM Eastern Time.
• 2:57
  So not today, or rather not like right now is the the show
• 3:00
  happened. It hasn't already happened, but
• 3:02
  it's going to happen later today anyways.
• 3:04
  This article is tied to 1.6 billion in FTX creditor payout
• 3:08
  set for today. What to expect?
• 3:11
  The FTX Recovery Trust releases 1.6 billion in creditor payouts
• 3:16
  later today, not the rumored $5 billion.
• 3:19
  And this is the third round of FTX repayment under its Chapter
• 3:23
  11 bankruptcy plan. And this is again where the
• 3:26
  conversation starts to happen. What does this mean for us?
• 3:30
  And and as they kind of pointed out in this keynote right here,
• 3:33
  like the markets are bracing for volatility of this liquidity
• 3:37
  coming in. So the mechanics of this is they
• 3:39
  are going to pay back 1.6 billion in stable coins.
• 3:42
  So even if they sell these stable coins for dollars and
• 3:46
  completely leave the market, it's not necessarily going to be
• 3:49
  selling pressure of Bitcoin. But the real question is, is the
• 3:53
  people that are receiving this money going to essentially sell
• 3:57
  their stable coins and buy back into Bitcoin?
• 4:00
  And that's obviously going to be very bullish for every single
• 4:02
  one of us. So the FTX Recovery Trust
• 4:05
  confirmed it will distribute 1.6 billion in stable coins later
• 4:09
  tonight. And regardless of the actual
• 4:11
  amount, again, there's a lot of contention.
• 4:12
  People were saying 5 billion. The sources officially came out
• 4:16
  to 1.6 billion. Anything over a billion dollars
• 4:19
  is huge. And if the stable coin
• 4:21
  distribution were to go ahead or if creditors enjoy similar
• 4:24
  liquidation behavior, it could have a big market effect.
• 4:27
  It's going to be very interesting to see what happens
• 4:29
  later today or rather showing a little more of the details.
• 4:33
  It's not all going to hit today per SE.
• 4:36
  Later tonight, people are going to start getting their payments
• 4:38
  tonight and then over the next one or three days we're going to
• 4:41
  see the total repayment amount be distributed to their holders.
• 4:45
  So we're not really sure what's going to happen in the market
• 4:48
  markets right now. Obviously, we're still very
• 4:50
  bullish on October. It's the last day of September,
• 4:53
  which is historically not the best returns in Bitcoin.
• 4:57
  So the next couple of days, we could be seeing some volatility.
• 4:59
  I think personally, we're going to see volatility to the upside,
• 5:03
  especially with this October meme happening.
• 5:05
  But there could be potentially a lot of buying coming from these
• 5:08
  people. Now when you really break down
• 5:10
  the mechanics here, and I'll full screen myself a little bit,
• 5:15
  these repayments, they're not getting repaid the total amount
• 5:18
  of Bitcoin like they're not getting their gains back
• 5:21
  essentially. And this is one of the things we
• 5:23
  constantly tell you guys is you do not want to be leaving
• 5:25
  Bitcoin on exchanges for this very reason.
• 5:28
  And when this happened, obviously a few years ago, it
• 5:32
  wreaked havoc on the markets. The markets were absolutely nuke
• 5:35
  for years. This is probably why we had such
• 5:38
  a long bear market from you know, 2020 on and arguably
• 5:43
  haven't really got out of it yet.
• 5:45
  But they are essentially the cash repayments are going to be
• 5:49
  paid back at a $16,000 per coin valuation.
• 5:53
  Again, the people that lost their coins, their shit coins,
• 5:57
  their Bitcoin on FTX, they basically missed out on 100K
• 6:02
  gains. And This is why we always tell
• 6:03
  you, you need to take your Bitcoin off the exchanges
• 6:06
  because this is something that happens in the Bitcoin market
• 6:09
  and this is not something to just scare you away from the
• 6:11
  Bitcoin market. Yes, we are still technically
• 6:14
  like in the Wild West here, but if you secure your Bitcoin, then
• 6:18
  this would never happen. And this is what we always tell
• 6:21
  you guys. This is one of the huge risk of
• 6:23
  leaving your Bitcoin on exchanges.
• 6:26
  And with the FTX stuff like me and Sophie were talking about it
• 6:28
  earlier, she's like, wait, like what?
• 6:31
  What was the question you asked is like, didn't they already
• 6:34
  sell all that Bitcoin during that time?
• 6:35
  I'm like, well, here's the kicker self, they didn't even
• 6:38
  have any of the Bitcoin at all. So if this capital does go into
• 6:42
  cash and then comes back into the market, I think that would
• 6:45
  be a huge, you know, upward push of Bitcoin, but I do.
• 6:50
  I don't think these people are ever going to buy Bitcoin.
• 6:52
  Ever. It's.
• 6:53
  True to be. Honest with you, like, like not
• 6:55
  to be a bear in the conversation here, but if I was scammed by an
• 7:01
  exchange, and let's be real, the majority of people who are
• 7:04
  buying their Bitcoin and leaving it on exchanges don't really
• 7:07
  understand self custody. They don't really understand the
• 7:11
  peaceful revolution that we're fighting here.
• 7:14
  They don't get it right. So if they don't get it, they're
• 7:19
  not going to go turn around and be like, you know what, it's
• 7:23
  probably a good idea to buy some Bitcoin again.
• 7:26
  Yeah, Yeah. That's, that's the real question
• 7:29
  here. Actually.
• 7:29
  Before I move on and and we can kind of break down the numbers
• 7:33
  here, I, I want to ask Austin Noah the same question.
• 7:36
  Do you think the creditors of FTX, the victims of XFTX, do you
• 7:40
  think they're going to come back into Bitcoin?
• 7:42
  Or do you think this is one of those scars that is just
• 7:45
  fundamentally going to push people away from what Bitcoin
• 7:48
  can accomplish? I'm gonna I'm gonna go ahead and
• 7:51
  take the umm, the centric Rd. Rd. on that or opinion on that
• 7:57
  and say that there's gonna be a bunch that have now since been
• 8:01
  converted into Bitcoin maximalists.
• 8:04
  Let's go. Thanks, Thanks to people, you
• 8:06
  know, thanks to shows like simply Bitcoin, and they are
• 8:09
  going to take that money and they are going to smash by or
• 8:13
  start DC ING it into Bitcoin immediately.
• 8:16
  And then there's going to be a bunch of people who are total D
• 8:19
  Jens and they're going to probably go and just throw it
• 8:22
  like darts in the dark at some terrible old coins And and then
• 8:28
  there'll be a bunch of people like Sophie was saying that.
• 8:31
  Yeah, I'll probably just just think that the whole thing was
• 8:33
  total scam and never come back at all.
• 8:36
  And that's, you know, unfortunate for them.
• 8:39
  They didn't learn about Bitcoin through the process of losing a
• 8:42
  bunch of money to FTX. Yeah.
• 8:44
  You know, that's actually a good point.
• 8:46
  I think a lot of people were probably saved in the sense that
• 8:51
  if they bought altcoins and they just went to 0, then, you know,
• 8:55
  they're getting still the value of their investment.
• 8:57
  They didn't write it all the way down to 0.
• 8:59
  But on the other hand, you know, look at all these people who
• 9:02
  missed out on the upside. There is a possibility that they
• 9:05
  might say, hmm, if I would have had my money in Bitcoin, then,
• 9:11
  you know, I would have made an amazing return.
• 9:13
  Maybe I should just try it again.
• 9:15
  But I don't know, I, I would be so disheartened.
• 9:19
  I would actually be so exhausted after the whole process of KYC
• 9:24
  verification, trying to, you know, prove that you actually
• 9:27
  had funds on the exchange, getting your money back, you
• 9:32
  know, feeling rugged, honestly, and robbed of your opportunity.
• 9:35
  These people should some of them aren't even getting 100% of
• 9:39
  their investment, much less the actual opportunity costs that
• 9:43
  they lost out on. So it's just a bummer overall.
• 9:48
  I think it gives Bitcoin a bad name, honestly, because people
• 9:52
  just can't help but conflate the two and and think that Bitcoin
• 9:57
  is the act of buying on an exchange and and have it and
• 10:02
  seeing number go up. And like they don't understand
• 10:04
  that it's so much bigger than that.
• 10:06
  It's so much more than the number go up.
• 10:08
  It's, it's about the self custody, It's about the, the
• 10:12
  self sovereignty and it's about being able to have the hardest
• 10:17
  money on earth. So, you know, I really do hope
• 10:20
  that you're right and people learned from all of this.
• 10:24
  Like, and, and even if that is just through number go up and,
• 10:28
  and, you know, FOMO and saying, hey, like it's about to be
• 10:31
  October, this is my last chance. Even though, you know, let's be
• 10:35
  real, banks are going to make it impossible to, like, actually
• 10:38
  like, are people actually going to receive their money like at
• 10:41
  8:00 PM? Well, it sent over.
• 10:43
  Let me all right, perfect Segway.
• 10:45
  Actually, before we go on, I do want to hit a a couple a couple
• 10:49
  of points here. 1 is obviously I well, personally, from my
• 10:54
  perspective, if if I had watched my coin disappear on FTX and I
• 10:59
  watched it go from 16 K to 116 Ki would be on the mental health
• 11:03
  watch, you know, level 5, I would be totally devastated.
• 11:07
  That would absolutely hurt a lot.
• 11:11
  But you know, the the saving grace and something we've all
• 11:14
  learned in Bitcoin, and This is why all three of us are Bitcoin
• 11:16
  Maxis and everyone in the chat, it's like the easiest and
• 11:19
  fastest way, or rather maybe not the easiest, the fastest way to
• 11:23
  becoming a Bitcoin maxi is by getting scammed by shit coins.
• 11:27
  It's the pain, yeah, it's the pain that gets you here.
• 11:31
  And so hopefully, or rather I would argue there's a, there's
• 11:35
  probably AI don't know if it's a small percentage or a minority
• 11:39
  of those creditors are obviously becoming Bitcoiners.
• 11:41
  As Austeno was saying, they they took the time they had to
• 11:44
  research it. They got the pain.
• 11:46
  And then watching the price go up again, they probably realized
• 11:49
  like, yeah, I should have just held Bitcoin.
• 11:51
  And further, I should have took in that Bitcoin off the
• 11:53
  exchange, like all of the Bitcoin Maxis have been yelling
• 11:56
  at me for. And then there was one more
• 11:58
  thing that Sophie said that really reminded me of a trend
• 12:01
  for a while, that what Sophie said about people kind of
• 12:04
  conflating Bitcoin and FTX. It reminds me of when this whole
• 12:08
  thing happened that so many people would say something on
• 12:11
  the lines of like, oh, I heard the FT, the Bitcoin CEO Sam
• 12:15
  Bakeman freed scammed everyone. And you're like, no, like it
• 12:18
  wasn't Bitcoin, It was an exchange.
• 12:21
  And and I've been saying for a while that we've been
• 12:23
  essentially fighting that bad narrative for a while.
• 12:26
  And This is why I'm, you know, very hopeful to see this finally
• 12:31
  come to an end. Obviously there's still that
• 12:32
  Mount Gawk scenario that it's still ongoing and seems to
• 12:36
  constantly be kicked down the road.
• 12:38
  But if this one finally gets resolved and everyone gets paid
• 12:41
  back again, it's supposed to be 16 billion total.
• 12:44
  And I, I couldn't find the actual numbers of how much has
• 12:47
  been paid back, but I do have percentage numbers here to kind
• 12:50
  of explain to you how much capital it's left coming back
• 12:53
  from FTX. So let me go into that for a
• 12:55
  little bit and then we'll chat about a little bit.
• 12:58
  So this, I, I was honestly again surprised that FTX still has an
• 13:02
  official Twitter account. They're still on Twitter guys.
• 13:05
  So this is their announcement. This was September 19th when it
• 13:10
  first kind of was coming out that the repayments were going
• 13:13
  to be today. Again, it was a lot of rumors,
• 13:16
  but officially it is coming later today.
• 13:18
  So FTX today announced it's set to distribute approximately 1.6
• 13:21
  billion and it's their distribution to holders of
• 13:24
  allowed claims and the plans convenient to non convenient
• 13:26
  classes that had completed the pre distribution requirements on
• 13:29
  September 30th, 2025. Eligible creditors should expect
• 13:33
  to receive funds from their selected distribution service
• 13:35
  provider within one to two, one to three business days from
• 13:39
  September 30th. So I would argue we're probably
• 13:42
  going to be seeing capital flow into Bitcoin by now and the end
• 13:48
  of the week. And then, of course, it also
• 13:51
  reminds people to, you know, not fall for fishing, which is I, I
• 13:55
  would argue a bit ironic. Hey, look, all right, that
• 14:00
  that's a totally different rabbit hole, but going to the
• 14:03
  official PR Newswire release of this where it shows us kind of
• 14:08
  the amount of capital that has been distributed.
• 14:12
  And I'm down here in the, you know, kind of the first part and
• 14:15
  it goes in the third distribution.
• 14:17
  In accordance with the waterfall priorities set forth in the
• 14:20
  plan, the allowed class5a.com customer entitled entitlement
• 14:25
  claims will receive an incremental 6% distribution,
• 14:28
  which is 78% cumulative distribution to date.
• 14:31
  So they distribute 78% of the five a.com customer entitlement
• 14:36
  claims. And then the Class 5B US
• 14:38
  customer entitlement claims will receive a 40% distribution,
• 14:41
  which is about 95% of the total distribution to date.
• 14:45
  And then the 6A or 6A general unsecured claims and 6B digital
• 14:49
  asset loan claims will receive a 24% distribution, which is 85%
• 14:55
  of the total distribution to date.
• 14:56
  And then the Class 7 convenience claims will receive 120% of
• 15:01
  distribution. So that one seems completely
• 15:03
  filled out. So, you know, somewhere between,
• 15:06
  what about, I don't know, 20 to 5 to 20% is still left to be
• 15:13
  distributed. So most of the capital that was
• 15:16
  lost in FTX has been distributed.
• 15:18
  I would argue that most of the significant capital numbers are
• 15:22
  already being distributed. So we could probably say that
• 15:26
  most of the capital that would have found its way into Bitcoin
• 15:30
  via the FTX holders are going to pretty much be completely, you
• 15:36
  know, finish coming next week. Obviously, there's still a
• 15:38
  little more capital that will be distributed that will, I think
• 15:42
  arguably find its way into Bitcoin.
• 15:44
  And so the song is not completely over, but it's almost
• 15:48
  over. It's it's pretty much completed
• 15:50
  here. And I think we saw as we've been
• 15:53
  kind of arguing or rather speculating on a lot of that
• 15:57
  capital coming back in. Obviously, it's probably a
• 15:59
  minority of the people that got wrecked on FTX that are buying
• 16:02
  back into Bitcoin, but it is just very interesting, a rather
• 16:06
  kind of a sigh of relief here that they actually, you know,
• 16:11
  were able to claw back some capital.
• 16:12
  It wasn't a total loss. Of course, the historic Mountain
• 16:16
  Gox loss, that was like a totally different scenario.
• 16:19
  But here we are guys. Finally, maybe we can put the
• 16:23
  FTX drama behind us and move on into the next chapter of
• 16:27
  Bitcoin. Obviously this was one of the
• 16:30
  big things in 2020 that really kind of stopped the bull market
• 16:34
  and has been staying on our industry for the last couple of
• 16:37
  years. Now it's coming to a close.
• 16:39
  So we will we will watch this and see if that capital does re
• 16:44
  enter Bitcoin. If it re enters in a significant
• 16:46
  amount, if all of that comes back in, that's a lot of coin
• 16:50
  that's going to be bought up. I was looking at the volume this
• 16:52
  morning on trading view and it looks about 1.9 K of Bitcoin
• 16:56
  currently this morning that was bought up.
• 16:59
  That kind of average the last couple of days is somewhere
• 17:01
  around like 3 or 4. You know, 1000 coins being
• 17:04
  bought up and traded on the market.
• 17:06
  So again, if this total sum finds its way into Bitcoin,
• 17:10
  that's a little more than 14,000 coins, which is a non
• 17:14
  significant amount of volume coming into Bitcoin.
• 17:16
  So that plus October plus, you know all of the corporate
• 17:21
  treasuries buying Bitcoin. It seems like there's a lot of
• 17:24
  demand happening right now and on the horizon setting up for
• 17:28
  Oct October or AKA October, which is like we're all with
• 17:32
  bated breath. People are trolling me in the
• 17:34
  chat like if it if it doesn't pop off in October, like you
• 17:37
  guys should quit. But hey, I'm I'm going to feel
• 17:41
  the same way. I might have to sell my 32 sets
• 17:43
  because it's been a long it's been a rough 10 months to say
• 17:47
  the least. Anyways, also no you want to add
• 17:50
  a little more to this and then we can we can keep the show
• 17:53
  going. Yeah, I am.
• 17:57
  I, I, I don't, I don't, I don't know.
• 17:59
  I, I hope that anybody who's listening to this doesn't have
• 18:02
  any Bitcoin on any exchanges. I don't know how many times it's
• 18:07
  going to take, but, and unfortunately it seems like it's
• 18:10
  probably going to probably going to happen, happen again more
• 18:13
  than once. So if you're listening to this,
• 18:17
  get your coins off of the exchange.
• 18:20
  Yeah, that's 100%. I, I also want to add, if you're
• 18:24
  listening to this and you felt pain when you lost your, your
• 18:32
  buying opportunity or you know, whatever you lost on FTX, you
• 18:38
  are going to feel that same way if you don't buy Bitcoin again.
• 18:44
  And I think that right now, as hard as it is, because the ego
• 18:48
  is a really tricky thing, you got to move past that and you
• 18:52
  got to buy some Bitcoin. And this time you have to take
• 18:56
  the time to learn about self custody and and then you're
• 19:00
  going to be OK. So if you are listening to this
• 19:04
  and if you are considering maybe getting back into Bitcoin,
• 19:09
  forget about crypto, but getting back into Bitcoin, I think that
• 19:14
  you should because the FOMO in October and just, I mean, think
• 19:18
  about five years down the line is going to be huge.
• 19:23
  Yeah, I couldn't agree more. I mean, look, I've never lost
• 19:29
  Bitcoin on an exchange. I I've never been through an FTX
• 19:33
  kind of debacle or Mount Cox. I wasn't in Bitcoin that early,
• 19:38
  but I have been scammed before. And to Sophie, what she was
• 19:43
  saying, I, I, that's exactly what I did.
• 19:47
  Like back in the day, I, I fell for a phishing scam on Telegram
• 19:50
  like my first two months in Bitcoin.
• 19:52
  I thought it was someone I knew. Later, like very quickly after I
• 19:56
  sent the coin, I realized I got scammed and I was devastated.
• 20:00
  It wasn't my whole stack. It was a big significant portion
• 20:04
  of my stack at the time. And it really kind of just
• 20:08
  forced me to work harder and stack more Bitcoin.
• 20:11
  Like I, I don't think I would be here if I didn't get scam.
• 20:14
  And I, I kind of look at it as my cost of tuition.
• 20:16
  We, we talk about that constantly on the show that
• 20:19
  every one of us has to pay a cost of tuition somehow.
• 20:22
  Some of us pay a higher, you know, higher price.
• 20:25
  But yeah, I wrecked myself very early in my Bitcoin journey.
• 20:29
  Again, it was like 2 months into when I found Bitcoin in 2018 or
• 20:33
  no end of 2017. And, and it was brutal.
• 20:38
  I was like, I, I remember that day specifically sitting like in
• 20:43
  my room and it was dark. I didn't even like turn the
• 20:45
  lights on. I was just like, I can't believe
• 20:47
  I did this. But that was the catalyst to
• 20:50
  make me, you know, double down on my research and try to really
• 20:54
  understand what Bitcoin is and then work harder and save more
• 20:58
  money. And that really kind of started
• 21:00
  the first really toxic real Bitcoin maxi domino to get me to
• 21:06
  where I am now. And to this day, looking back at
• 21:10
  the, the amount of coin I lost and the gains that I missed out,
• 21:13
  I, I literally just memory hold it and black hole it.
• 21:16
  Like if when I think about it, the price always goes up of the
• 21:20
  amount in dollars that I've lost.
• 21:22
  The Bitcoin stays the same, but the amount in Fiat value that I
• 21:26
  would have today, it keeps going up significantly.
• 21:30
  And if I think about it too much, it just, it really, it
• 21:34
  really is a drain on the psyche. So I just don't think about it.
• 21:37
  You guys know me. I have like a a goldfish memory
• 21:40
  here. I just keep it moving.
• 21:41
  But yeah, guys, just trust the process.
• 21:43
  Imagine if you didn't buy Bitcoin.
• 21:45
  I I know that it must have been so hard to just keep believing,
• 21:49
  but you are going to thank yourself so much for doing so
• 21:54
  and just pushing through and just buying.
• 21:56
  You probably don't even have to buy that much.
• 21:58
  Just buy a little bit and and dip your toes in the water again
• 22:02
  and again. Figure out the self custody.
• 22:05
  I cannot stress the importance enough.
• 22:08
  If you didn't learn about self custody the first time around
• 22:11
  buying Bitcoin, it is essential that you learn about self
• 22:15
  custody and perhaps multi sig so that this never happens to you
• 22:20
  again. Yeah, 100.
• 22:22
  Percent and it's easier than ever today you can just you can
• 22:26
  literally Google what is Bitcoin self custody and you will have
• 22:30
  multiple videos and articles that you can read and learn how
• 22:33
  to do it so there's really no there's no excuse anymore you
• 22:36
  know 567 you know years ago there there was a lot less
• 22:41
  resources than there is today and so there was you know there
• 22:45
  was more of an excuse but now get your keys off the exchange
• 22:49
  how to self custody you can write it into Google and it'll
• 22:52
  tell you exactly how to do it so.
• 22:55
  Or you can ChatGPT. ChatGPT even.
• 22:58
  Even easier now, guys. Wait, I I was just saying guys,
• 23:02
  just just buy yourself a hardware wallet and we just got
• 23:05
  the new big key sponsor. Just buy yourself a hardware
• 23:08
  wallet, do a test transaction from your exchange, you know,
• 23:12
  back up your seed phrase and wipe the seed phrase.
• 23:17
  Come back on. This is like the it's very
• 23:19
  simple. It's more scary than it is
• 23:21
  complicated. It's so easy even someone who
• 23:24
  has 42. Yeah, exactly.
• 23:26
  If I can do it, guys, you can do it.
• 23:28
  It's very simple. But I do want to add to and, and
• 23:31
  I don't mean to make light of it, guys, but I really do
• 23:33
  believe that it's never been easier to secure your Bitcoin.
• 23:37
  And like Austin Owell was saying, I think the content
• 23:40
  around Bitcoin only and self custody and of course it's
• 23:43
  expanded from that, but it's very easy or rather you could
• 23:49
  very quickly become a hardcore Bitcoiner today versus when I
• 23:53
  got in Bitcoin 2017 or even in 2020 if you got in FTX.
• 23:57
  So like Asano was saying, I think it was, I don't, I don't
• 24:00
  know if I want to say acceptable, but it's a little,
• 24:02
  it was a little more understandable in those days for
• 24:05
  you to kind of just leave your Bitcoin on exchanges.
• 24:08
  Even though there's been a lot of history of this being a
• 24:10
  problem. It there wasn't as much of an
• 24:13
  education effort around Bitcoin, only content to kind of forgive
• 24:17
  your fault if you did get caught up in this.
• 24:19
  But now, you know, five years has gone by, or actually it was
• 24:23
  2021. So 4 years have gone by or was
• 24:25
  it 2022? Why am I, why am I blanket?
• 24:27
  Let me let me Fact Check this FTX explosion.
• 24:32
  I think it would, I keep saying 2020, but I think it was 20, OK,
• 24:35
  it was 2022, November 2022. So three years have passed by
• 24:39
  guys. I'm sure if you have been
• 24:42
  watching what has been going on with your FTX money and their
• 24:47
  bankruptcy, that's given you 3 years to kind of learn about
• 24:50
  Bitcoin and the smart ones were probably stacking Bitcoin that
• 24:53
  whole time. So I think now in hindsight, as
• 24:57
  Asano was saying, it's never been easier to secure your
• 24:59
  Bitcoin. And this is like one of the
• 25:00
  things we always say on the show.
• 25:02
  So if you've been here, you guys know we badger you every almost
• 25:06
  every single day about taking your Bitcoin into custody, not
• 25:10
  leaving it on the exchanges. This is literally why we say
• 25:14
  this is because there's been so many examples of this happening
• 25:16
  where people get lazy and they leave their coin on exchanges
• 25:20
  and they get wrecked. Like buying Bitcoin is like half
• 25:23
  of step one. The second step is taking that
• 25:26
  Bitcoin into your own custody, securing your own keys.
• 25:29
  This is that's how you can ensure that you never get caught
• 25:32
  up in a situation like this again.
• 25:34
  So, you know, to those people that maybe watch FTX and maybe
• 25:38
  or sorry, we're in FTX and are maybe just watching us for the
• 25:41
  first time, trust us guys. We are not taking this lightly.
• 25:45
  Yes, we're being a little flippant here when we're talking
• 25:47
  about this, but just trust the journey.
• 25:50
  And if you're here and you're just realizing, oh, maybe I'm
• 25:53
  getting a repayment tonight, make sure you get back into the
• 25:56
  market, but make sure you take Bitcoin into custody.
• 26:00
  You know, on the on the other flip side, like if you're buying
• 26:02
  shit coins, like you know, you're going to get rugged
• 26:04
  anyway, so you might as well just leave them on the
• 26:06
  exchanges. But if you're buying Bitcoin,
• 26:09
  make sure you take that into custody at the very least a
• 26:13
  mobile wallet, but preferably a hardware wallet.
• 26:16
  This is the best way to secure your Bitcoin for the long term.
• 26:19
  Guys, this is one of our kind of company missions is to make sure
• 26:23
  that you guys out there are secure moving forward and we
• 26:28
  want every single one of you guys that watch our show to be
• 26:31
  as successful and wealthy as possible.
• 26:33
  And we think the best way to do this is by taking your Bitcoin
• 26:36
  into custody, holding it long term, not trading that Bitcoin,
• 26:40
  just stacking religiously, whether it's weekly, bi weekly,
• 26:43
  monthly, whatever works with your kind of bills and your
• 26:46
  income. This is the way to very, I would
• 26:50
  say simply succeed in the next 5 to 10 years is just stacking
• 26:55
  Bitcoin and securing that Bitcoin guys, this is the way we
• 26:58
  constantly harp on that idea. It's not that difficult.
• 27:01
  It is more scary than it is difficult.
• 27:03
  So you know, if you're if you were an FTX, you know, more
• 27:07
  power to you. I hope you're stacking some
• 27:09
  Bitcoin today and I hope you get your repayments back and you
• 27:12
  smash by that money into Bitcoin whether it's today or what
• 27:17
  Thursday or Friday, make sure you're getting that Bitcoin
• 27:20
  exposure because if the memes are right, October is upon us
• 27:24
  and we should be seeing some games here guys so.
• 27:27
  Tell your grandkids about how you survived the XTX rug pull
• 27:31
  and then smash bought some more Bitcoin before the October of
• 27:35
  2025. How legendary would that be?
• 27:38
  Makes a great story, should totally do it.
• 27:41
  Can we get a little? Yes.
• 27:47
  Do not let the obstacles stop you from stacking Bitcoin.
• 27:50
  Just stack harder. Make sure you, you know, get
• 27:54
  more money and you just continue the process.
• 27:56
  Guys, it's very simple. It's not easy, but it is a
• 27:59
  simple process to follow. We've all done it.
• 28:02
  We all continue to do it. This is the best way.
• 28:04
  It's the easiest way, simplest way.
• 28:07
  Again, huddling isn't as easy as everyone makes it out to be.
• 28:10
  As you guys can tell, I've been losing my mind on the show
• 28:12
  because I'm, I'm, I want to see number go up.
• 28:14
  You know, I'm waiting for October.
• 28:16
  Just like everyone else. I was scammed.
• 28:18
  I was told that it was going to be a magical 2025 and we've only
• 28:23
  been up. What is it like 20% this year?
• 28:26
  Dude, what a rug pull. What a rug pull, guys.
• 28:30
  Now October is upon us guys. Q4 is here you.
• 28:33
  Know what this is? The reverse OPTI effect.
• 28:35
  Yes, in effect. Exactly.
• 28:37
  So we're going up. We're going up.
• 28:38
  All right, guys, before I continue, I do want to remind
• 28:41
  you guys to smash the like button, of course, comment on
• 28:44
  the show. Tell us what you think about the
• 28:45
  show. Tell us what we can improve.
• 28:48
  Be nice, though, if if you're if you're mean to me, I'm going to
• 28:50
  ignore you. I have a fragile ego.
• 28:53
  And of course, subscribe to the show.
• 28:54
  If you love Sophie's takes, subscribe to our channel and
• 28:59
  she's dropping her own show on simply Bitcoin called Is It
• 29:03
  simply Satoshi or just Satoshi I?
• 29:05
  Think. It's just Satoshi.
• 29:06
  Satoshi. It's just Satoshi.
• 29:08
  Satoshi as in SHE as in I. Am as in she's a female?
• 29:13
  Yes, very. I don't think they got that one.
• 29:18
  I don't think they got that. I don't think they got that.
• 29:22
  OK, All right. Also I do want to remind you
• 29:25
  guys, of course we were talking about FTX blowing up, but This
• 29:29
  is why we partnered with Bitcoin Well, because they will never
• 29:33
  lose your Bitcoin. They have never lost Bitcoin.
• 29:36
  And if you buy from Bitcoin, well, there is no possibility of
• 29:40
  them ever losing your Bitcoin because they never hold your
• 29:43
  Bitcoin once your dollars go through, once your local
• 29:45
  currency goes through, they send the Bitcoin directly to your
• 29:48
  cold storage is the best way to buy Bitcoin because again, they
• 29:53
  can never rug pull your Bitcoin. You're never going to lose your
• 29:56
  Bitcoin that you bought on Bitcoin well because of an
• 29:58
  exchange going down because they pay out directly to your cold
• 30:03
  storage. Again, This is why we have
• 30:05
  partnered with them because we've seen this happen so many
• 30:08
  times in the history of Bitcoin that we were like, OK, what's
• 30:11
  the best way to make sure that our friends and family and the
• 30:16
  people that watch us every single day will not get rug
• 30:18
  pulled and not wrecked themselves?
• 30:20
  Just making sure that the exchange never holds your
• 30:22
  Bitcoin. And of course, if you are
• 30:25
  sitting on the sidelines, if, if you wait, if you got repaid back
• 30:28
  by FTX and you're trying to buy $50,000 or more at a time, make
• 30:32
  sure you get in touch with the Bitcoin Well Infinite team.
• 30:34
  They will give you a white glove service so they won't walk you
• 30:37
  through the cold storage. If you have concerns.
• 30:40
  They will literally tell you how to do it, why you should do it,
• 30:43
  all that good stuff. We are trying to make sure that
• 30:46
  everyone that has ever bought Bitcoin receives that Bitcoin
• 30:50
  and Bitcoin well has totally done that up to this day and for
• 30:55
  the forever future here. All right guys, let's get into
• 30:58
  the rest of the show. I got a a clip from Lynn Alden.
• 31:00
  She was just on Natalie Bernal. And as you guys know, I've been
• 31:04
  watching the gold price very closely.
• 31:06
  It literally hit another all time high this morning.
• 31:08
  It did correct a little bit, but it got all the way up to $3800
• 31:12
  per oz. And this is her take on what she
• 31:15
  thinks gonna happen with Golden Bitcoin.
• 31:17
  And then in the news, an interesting story.
• 31:21
  You know me very famously, the world's lowest IQ holder here at
• 31:26
  Simply Bitcoin with 42 IQ is all in on Bitcoin.
• 31:29
  Well, we have the world's highest recorded IQ holder going
• 31:33
  all in on Bitcoin and making some very interesting
• 31:36
  predictions of where he thinks Bitcoin's gonna go.
• 31:38
  And again, to wrap up the show in the culture with Ossinola,
• 31:41
  we're gonna be talking about his new venture, the Bitcoin Art
• 31:43
  Magazine. Guys, if you like Bitcoin
• 31:45
  artists, you're gonna love this. Anyways, let's get into the rest
• 31:47
  of the show. I want to give a shout out to
• 31:56
  our partner Stamp Seed. Is your Bitcoin and cold storage
• 31:59
  really secure? Are your seed phrases really
• 32:02
  secure? Stamp Seeds Do It Yourself Kit
• 32:04
  has everything you'll need for you to hammer your seed words
• 32:08
  into commercial grade titanium plates instead of just writing
• 32:12
  them down on paper. Paper is fragile.
• 32:15
  Titanium plates are strong. Your words are actually stamped
• 32:19
  into the titanium plate with this hammer and these letter
• 32:23
  stamping tools. Once the words are in, they
• 32:25
  aren't going anywhere. No risk of the plate breaking
• 32:29
  apart and pieces falling everywhere.
• 32:31
  Titanium stamp seeds will survive nearly triple the heat
• 32:35
  produced by a house fire. They're also crush proof,
• 32:37
  waterproof, non corrosive, and time proof.
• 32:41
  And now you can customize your titanium seed plates.
• 32:45
  You can upload your design or logo and they will laser grave
• 32:49
  it on the back of your seed plate, the opposite side of
• 32:53
  where the words are. Stamp your seed on Stamp seed
• 32:56
  and use promo code simply to get 15% off anything on the Stamp
• 33:01
  se-ed.com store. And by popular demand guys,
• 33:09
  Stamp Seed did just launch the 12.
• 33:12
  Wait it's not working the 12 word seed plate.
• 33:16
  So don't yell at me anymore. They are live guys.
• 33:19
  So for everyone saying they wanted the 12 word seed plate,
• 33:23
  go to the website, scan the QR code and you can get yourself
• 33:25
  one. And of course, the same kit you
• 33:28
  works for both of those. Anyways, we're over here on
• 33:30
  Clark Woodie's dashboard. The current Bitcoin price,
• 33:32
  actually let's refresh this. Yeah, the current Bitcoin price
• 33:35
  is $113,180, which is a decline from all time high of -9% guys.
• 33:44
  So hey, seems to be a little life back into the price.
• 33:47
  It did correct a little bit today, but if it can't go
• 33:50
  straight up and to the right forever, it's there's going to
• 33:53
  be some corrections here anyways.
• 33:54
  The market cap in dollar terms is $2.26 trillion.
• 33:57
  And the only time that literally matters in the world is the
• 34:02
  block height. And we are currently at 917,000
• 34:05
  and 98. I repeat, 917098.
• 34:09
  That is the only time that matters.
• 34:10
  Dude, we're, we're, we're time chain Maxis, not Gregorian
• 34:14
  calendars Maxis. We, we love the time chain.
• 34:17
  Anyways, a good clip that just dropped on Natalie Brunel.
• 34:20
  She does, you know, incredible work over there on her podcast.
• 34:23
  So at Coin Stories. And as you guys know, I've been
• 34:26
  watching the gold price a lot. We're seeing some very
• 34:28
  interesting stuff happen in the gold markets and it's, I think
• 34:32
  it's telling us a lot of what's going on in the macro markets,
• 34:35
  which is why I've been watching it.
• 34:37
  Of course, gold is, you know, our uncle here, it's gold is unk
• 34:41
  here to Bitcoin, the original hard money, hard currency in the
• 34:46
  world. And it is flying.
• 34:48
  And there's a lot of kind of, I don't know, speculations of what
• 34:52
  that reason is. People are saying, oh, it's, you
• 34:54
  know, China and Russia, they are weaponizing gold.
• 34:57
  They're dropping treasuries. A more probably less cynical
• 35:01
  take is a lot of people are looking at what's happening in
• 35:03
  the treasury markets and they're realizing it is not a good store
• 35:07
  of value. The store of value thesis that
• 35:10
  it used to be, it's no longer holding true.
• 35:12
  People do not want government debt.
• 35:14
  They do not want treasuries right now, and they're looking
• 35:17
  for alternatives. And of course, there is a
• 35:20
  correlation between what happens to the gold price and what
• 35:23
  happens to Bitcoin. And I think Lynn Alden breaks
• 35:27
  this down real well, kind of explaining what we might be
• 35:31
  seeing on the horizon. There's been a lot of
• 35:32
  conversations whether the cycle 4 year cycle theory is over.
• 35:37
  Are we going to be pumping into Q2 of 2026 or is it going to be
• 35:42
  longer? Well, here's Lynn Alden's take
• 35:44
  on this. People, even though I know we're
• 35:48
  up 100% since last year, by the way, but people are feeling kind
• 35:51
  of bearish about the whole situation.
• 35:53
  I think it's because it's reality versus expectations.
• 35:58
  Part of why I've not been that disappointed is because I've,
• 36:01
  I've been more in the I, I sometimes describe myself as
• 36:03
  like a bearish bull on Bitcoin. I'd always have conservative
• 36:07
  bullish targets, which is that, you know, it's like, I'm always
• 36:09
  like, I think it's an outperform things, but I don't think it's
• 36:11
  going to the moon anytime soon. And, you know, we can talk about
• 36:15
  why that is, but part of the reason I like to hold both is
• 36:19
  because they they don't always perform well at the same time.
• 36:23
  Sometimes Bitcoin gets ahead of itself, sometimes gold gets
• 36:26
  ahead of itself. Gold, yeah, gold's still, and
• 36:29
  gold's the larger asset by a factor of about 10.
• 36:33
  A lot of the biggest pools of capital still understand it
• 36:36
  better than Bitcoin. Bitcoin's viewed more as like a
• 36:38
  tech play, something that is to do homework on to figure out,
• 36:43
  whereas gold is, you know, been around for a while and you know,
• 36:48
  I sometimes they get a little concerned around Bitcoin getting
• 36:51
  ahead of its skis. Other times they get a little
• 36:53
  concerned around gold getting ahead of its skis.
• 36:55
  Right now, I mean, gold by more metrics is kind of sentiment
• 36:59
  overbought, even though I still think the long term case for it
• 37:02
  is good. But I mean, over the next 6-12
• 37:06
  months, you know, I, I put my vote for Bitcoin.
• 37:10
  I think that that kind of that rotation and I could be wrong in
• 37:13
  this, maybe we look back 6612 months from now and maybe gold
• 37:16
  still outperformed again, but my guess would be Bitcoin is
• 37:20
  probably going to take over. Love it.
• 37:22
  All right, I'm all you guys. Actually, someone in the chat
• 37:25
  said earlier. It's like when Opti host the
• 37:26
  show. I get chock full of opium.
• 37:29
  I'm all for this type of opium. Dude.
• 37:31
  If, if gold is ripping, then Bitcoin is obviously going to
• 37:35
  RIP. We've seen historically there's
• 37:37
  there's been a kind of a lag between the Bitcoin price and
• 37:40
  the gold price, but gold's hitting all time high.
• 37:43
  And I literally just checked this after as this was going and
• 37:46
  it actually blew through 3800 dollars per oz here, which is
• 37:52
  just absolutely insane. It's almost at $3900 per oz.
• 37:56
  It's at $3847 per oz right now. When I checked this this
• 38:00
  morning, it corrected a little bit like this chart is just it,
• 38:04
  it's telling us a lot about what's going on in the plumbings
• 38:07
  of the traditional financial system, or rather maybe the
• 38:11
  investor psychology right now that is, that is like prevailing
• 38:15
  the market is people do not want to hold treasuries.
• 38:18
  They're looking at gold. They they want something, you
• 38:22
  know, something certain in such uncertain times.
• 38:24
  And so I think that's what we're seeing.
• 38:27
  And to Lynn Alden's point here, I also do believe that we are
• 38:31
  going to see gold or sorry, Bitcoin follow gold very
• 38:36
  strongly. And if we can kind of lay on our
• 38:40
  historical laurels here in in Bitcoin price appreciation, then
• 38:44
  Bitcoin run way harder than gold.
• 38:46
  And if that's what I think it means, it means that like up to
• 38:49
  two of this year, October, November, Bitcoin could
• 38:53
  potentially go just absolutely parabolic.
• 38:57
  And that would be, you know, I, I would be all for that.
• 39:00
  Now there is one thing and I'm not as smart as Lynn Alden, you
• 39:03
  know, Lynn Alden and I would argue has a better grasp of what
• 39:07
  this all means and, and kind of the implications of where we
• 39:11
  are. I would argue I'm, I'm a low IQ
• 39:14
  version of Lynn Alden. You guys know, I'm, I'm, I've
• 39:16
  just delved into macro. I learned from Lynn Alden and
• 39:19
  others, of course, but she did say that she wouldn't be
• 39:23
  surprised if gold never corrects, and I was.
• 39:27
  I was just being reminded of the gold priced in in in Weimar
• 39:34
  Marx. And while everyone thinks that,
• 39:37
  you know, this price is way too high, so it's got to correct
• 39:41
  soon. If this is telling us what a lot
• 39:45
  of bitcoiners and Fiat doomers are thinking, it's telling us,
• 39:48
  then we have entered essentially, you know, the
• 39:51
  beginnings of a hyperinflationary scenario.
• 39:53
  And that essentially means like gold may just keep running
• 39:56
  higher and higher and higher than anyone can imagine.
• 39:59
  And if that's happening than that is, I would say
• 40:02
  fundamentally and very concretely telling us that the
• 40:06
  Fiat debasement around the world is getting to a level where no
• 40:10
  one. Wants to hold Fiat currencies.
• 40:12
  So it's going to be very interesting to watch gold again.
• 40:15
  I watch gold price as more of an indicator.
• 40:18
  I'm not a gold bug. My my step back.
• 40:20
  It's actually a gold bug. He loves gold and anytime I talk
• 40:23
  about Bitcoin pumping, he's like, oh, my gold's pumping too.
• 40:25
  So I haven't talked to him about gold recently, but I'm sure he's
• 40:28
  euphoric right now that what 25 year, no 30 plus year bag
• 40:34
  holding he's been doing. He's finally vindicated.
• 40:36
  So shouts out to the dads out there that are holding gold.
• 40:39
  Finally vindicated. And I think we're we're kind of
• 40:42
  in a similar path as Bitcoiners. We will be vindicated very soon
• 40:45
  here as we're seeing hard currencies are becoming kind of
• 40:50
  the new flavor of the month or maybe I would argue the new
• 40:53
  flavor of the decade. As we go into these uncertain
• 40:56
  times, people are going to start to gravitate towards hard
• 40:59
  currencies. And we think Bitcoin is just a
• 41:01
  period of gold, as the meme of Bitcoin being digital gold has
• 41:06
  been prevailing throughout all of the kind of narratives.
• 41:09
  Right now. I just fundamentally think
• 41:11
  Bitcoin is better gold. Like Bitcoin is better money,
• 41:15
  period. I say it and sometimes I get
• 41:18
  some Flack here, but if gold was as good as people say it was,
• 41:22
  then we wouldn't have Fiat money in the 1st place.
• 41:24
  And I always flip it out. Like I just think fundamentally
• 41:26
  gold failed as money in the modern world.
• 41:29
  And this is where Bitcoin is going to shine and be way
• 41:32
  superior to what gold was. And of course, what Fiat money
• 41:35
  is. Bitcoin, you know, I hate using
• 41:38
  these terms, but Bitcoin is the best of both worlds of gold and
• 41:42
  Fiat. You know, Bitcoin can move.
• 41:44
  The velocity of Bitcoin can move at literally.
• 41:46
  You know, it's not literally, but I was going to say
• 41:48
  lightspeed. It moves very, very quickly
• 41:50
  around the globe like Fiat money does.
• 41:53
  And it's got the, oh, sorry, there's a dog here.
• 41:57
  It's got the store of value qualities that gold has, and
• 42:02
  This is why I think the digital gold meme has been so strong
• 42:06
  recently is because people need kind of something that they can
• 42:10
  understand to really wrap their head around what Bitcoin is.
• 42:12
  But I think Bitcoin is much more than just digital gold now.
• 42:16
  As someone that loves gold AKA Austin Noah, what is your
• 42:21
  thoughts on this? I think I, I think, I think it's
• 42:27
  all fantastic. I, you know, I, I think that,
• 42:34
  you know, gold is still got I, I still think gold this is, people
• 42:38
  are probably going to yell in the comments, but I think gold's
• 42:40
  really awesome. I, I don't hold like any gold at
• 42:43
  all myself, actually, which might be a surprise.
• 42:46
  But like, I do think gold's really awesome.
• 42:48
  And I have some friends who are who are pretty heavy in gold and
• 42:52
  you know, I am of a prepper mentality.
• 42:57
  And I mean, you know, it can't hurt to have some gold.
• 43:01
  And so I do think that Bitcoin is a superior monetary asset and
• 43:07
  you're going to get a lot more gains out of Bitcoin.
• 43:09
  But what you were saying about the potential beginnings of
• 43:12
  hyperinflation, which I feel like we are already have been
• 43:15
  experiencing that for quite some time now.
• 43:17
  But you know, the potential of not seeing a price correction on
• 43:21
  gold and it just kind of going up slowly forever from here,
• 43:24
  maybe faster is very likely and, and, and probably will happen,
• 43:30
  if not in the next year or two in the next 5 to 10 years.
• 43:34
  And you know, I think that we are going to see that all over
• 43:39
  the world happening here soon and or there's going to be some
• 43:43
  catastrophic national disaster and they're going to, you know,
• 43:49
  do the bait and switch, CBDC tether, dollar bait and switch.
• 43:53
  So we'll see what happens, but. This is this is kind of a hedge
• 44:00
  against that, right? Like I think a lot of people are
• 44:03
  seeing the writing on the wall. They're seeing where the world
• 44:05
  is heading with, you know, the digital ID situation with the
• 44:11
  political instability and such. So people are going to invest in
• 44:16
  what they know. I think that the fact that gold
• 44:18
  is going up, like Opti said, is definitely a signal that
• 44:25
  something is happening. Some There is some sort of shift
• 44:29
  in the collective consciousness. Shift.
• 44:33
  Yeah, shift. There's a shift happening in
• 44:35
  your brain and that's why you're buying gold anyway.
• 44:38
  That is why you're buying gold because you stopped believing in
• 44:42
  the institutions. There is like 0 trust in the
• 44:45
  banking system, in treasuries, in politics, in the politicians,
• 44:50
  and in everybody that has told you, you know, to believe this
• 44:54
  whole time. And people are prepping, people
• 44:56
  are getting ready. They're trying to brace
• 44:57
  themselves for what is to come. And that is a huge signal for
• 45:02
  what will come inevitably with Bitcoin.
• 45:05
  I cannot wait for these people who are holding Bitcoin, which
• 45:08
  by the way, the majority of them are not holding actual gold.
• 45:12
  They're holding paper gold, right?
• 45:14
  I cannot wait for these people to have to transport their gold
• 45:20
  and figure out where to put it and figure out how to, you know,
• 45:24
  deal with it and move it. And when they realized that they
• 45:28
  could have just bought Bitcoin and they and they kind of make
• 45:31
  that mentality shift, it's going to be a huge game changer.
• 45:36
  What like can we say when that's going to happen?
• 45:38
  No, but typically, you know, when gold goes up, that's a
• 45:42
  pretty good indicator that Bitcoin is going to follow.
• 45:45
  I don't think that these assets need to be in competition.
• 45:48
  A lot of people say that Bitcoin is digital gold.
• 45:53
  I would like to. Yeah.
• 45:54
  I mean, I'm I obviously think that it's in a class entirely of
• 45:58
  its own. However, I think that watching
• 46:01
  the price of gold go up is definitely signaling that there
• 46:05
  is going to be, if not a need right now, a future need for
• 46:09
  Bitcoin. Yeah, I would agree 100%, though
• 46:13
  I do want to kind of go back to what Asano was saying.
• 46:18
  Look, we all want to see gold be demonetized and, you know, lose
• 46:23
  a lot of its storing value. Me personally, I am the meme,
• 46:27
  you know, I I got my gold chain. I know everyone's saying melt
• 46:30
  your gold chains and buy Bitcoin.
• 46:32
  I'm just. A girl like I like jewelry.
• 46:34
  Hey, look, I want gold to be demonetized so I can have a
• 46:38
  gaudy house with everything, you know, gold leafed and I'm, I'm
• 46:41
  sure Asenoa, yeah, Trump aesthetics for sure.
• 46:45
  You know, Monarch aesthetics in my house.
• 46:48
  And I'm sure Asenoa wants it. So the gold leaf paintings can
• 46:52
  be that much cheaper. So we're all rooting for gold to
• 46:54
  be demonetized here. We want to use it a lot more.
• 46:58
  And of course, in, in all the electronic components and all
• 47:01
  that stuff. But seriously, it it, what we're
• 47:03
  seeing right now is probably the opposite of that.
• 47:06
  I think Sophie really hit the nail on the head here.
• 47:09
  What people are doing is they're going into something very
• 47:12
  comfortable. And historically, when you look
• 47:14
  at gold, it is the hedge against, you know, economic
• 47:17
  calamity. And I think that's what's going
• 47:20
  on in the price. And if you aren't so much of a
• 47:23
  kind of Fiat doomer or maybe more of a Bitcoin prepper kind
• 47:27
  of guy, then you're probably just looking at the gold price
• 47:30
  and, and chasing gains. You're looking at it like, oh,
• 47:32
  look, gold is increasing in value.
• 47:35
  But when you look at it from more of a, a Bitcoin
• 47:37
  perspective, a Bitcoin Austrian economics perspective, you're
• 47:40
  looking at gold, but, and it's really telling you like, Oh my
• 47:43
  God, like Fiat currencies are debasing in real time.
• 47:46
  Currencies are failing against gold.
• 47:48
  Like it hasn't happened in a very long time.
• 47:50
  And that should be a little more terrifying than just chasing
• 47:54
  profits here. That's what I see when I see the
• 47:58
  gold price continue to go up as it is.
• 48:00
  So I'm sure it's going to take a, a couple of 2nd order effects
• 48:05
  thinking for people to realize what is going on.
• 48:07
  They're not actually gaining dollars in this.
• 48:09
  They're actually losing purchasing power in their
• 48:12
  dollars. So it's just a slight flip of
• 48:15
  your perspective here, but that is what the gold price is
• 48:18
  telling me. So I don't think we're going to
• 48:21
  get to a point where gold's going to get demonetized anytime
• 48:24
  soon, Asanoa. So it looks like our gold chain
• 48:27
  and our artworks just going to continue to get more expensive.
• 48:29
  So RIP to us, brother. Slay.
• 48:34
  OK, guys. I just want to add to that that
• 48:36
  I don't, I just want to add to that that I, I, I think that
• 48:43
  gold going up in price is a good thing.
• 48:45
  It's a good thing for Bitcoin. You kind of said that in the
• 48:46
  beginning and that, that, that's, this is positive.
• 48:51
  You know, I, I, I don't think gold getting demonetized in any
• 48:55
  near future is a good thing for Bitcoin And maybe on a long
• 48:58
  enough timeline. I also don't recommend that you
• 49:01
  buy gold. I would recommend, this is not
• 49:03
  financial advice, but I would recommend that you only buy and
• 49:05
  hold Bitcoin. But gold going up in value is a
• 49:08
  good thing for Bitcoin. You know, one of the fastest,
• 49:14
  you know, it's, it's sound money.
• 49:15
  So so if if money's moving into sound money, money's going to
• 49:19
  move into Bitcoin. Yeah, and I, I think that's also
• 49:22
  one of the things that gets lost on a lot of people is that idea
• 49:26
  of like, as much as I, I troll gold and gold bugs on the show
• 49:30
  all the time, It's just because I'm a bitcoiner and I'm an
• 49:33
  extremist. You know, I, I, well, not that
• 49:35
  kind. I, you know, I like to troll,
• 49:38
  OK, What gold is showing us is exactly what Osanola was saying,
• 49:43
  like it is proving the hard money thesis and that more
• 49:47
  people are looking for a hard money alternative in a very
• 49:51
  soft, easy money world. And so this is good for the
• 49:54
  Bitcoin narrative at large. It's kind of like the same idea
• 49:58
  that a lot of people say for stablecoins, which I'm
• 50:01
  personally not the biggest fan of the narrative, but that it's
• 50:04
  kind of a baby step to Bitcoin. And I think we can almost say
• 50:08
  the same thing about gold, but for the older generations, if
• 50:11
  you're familiar or comfortable with gold, it's just a a newer
• 50:14
  technology that you will also love because Bitcoin has very
• 50:18
  similar properties, if not better properties than gold.
• 50:21
  So I absolutely love that take off Sonoa.
• 50:23
  That's a that's a great kind of narrative to kind of
• 50:26
  differentiate from what's going on.
• 50:28
  So that was great. Anyways, guys, we're going to
• 50:30
  have a little fun on the news today.
• 50:32
  As I was telling you, the world record IQ holder from Korea,
• 50:38
  he's going all in on Bitcoin guys.
• 50:39
  So not only do we have some of the very low IQ left side of the
• 50:45
  bell Curve bitcoiners, now we literally have the farthest
• 50:47
  right IQ on the bell curve confirming everything we say
• 50:52
  again you guys know I love confirming my biases here, so
• 50:55
  you can. Use this to tell all your
• 50:56
  friends that you know you've been a genius this whole.
• 50:59
  Time. Yeah, exactly.
• 51:00
  Or like, you know, hey, there's Opti and there's a genius here
• 51:03
  in Bitcoin. We got we got enough space for
• 51:05
  everyone, all right? And whether you are a genius or
• 51:08
  have low IQ, we want you to smash that like button.
• 51:11
  Share this video with your friends and yeah, let's.
• 51:16
  Move on, all righty, then we'll be right back.
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  simply all right guys, this one's going to be a fun kind of
• 54:06
  conversation here. So this hit Yahoo finance it's
• 54:10
  starting to make the waves. Everyone on Twitter was having a
• 54:12
  real fun time with this. I I was actually trolling.
• 54:16
  I'll pull up. Maybe I'll pull up my tweet in a
• 54:17
  minute, but they, they headline here at the smartest Man alive
• 54:22
  converts, converts all his assets into Bitcoin And and they
• 54:26
  they mentioned some of his tweets and we'll start with the
• 54:30
  first one where he says. And of course from Bitcoiners
• 54:33
  perspective, it's like, yeah, we get it.
• 54:34
  You know, like I really don't care what the smartest man alive
• 54:37
  does. I'm a bitcoiner, you know, slay
• 54:40
  your heroes and all that good stuff.
• 54:42
  But I I, I was actually mulling this over this morning.
• 54:45
  Like, I thought maybe this could be a good headline show because
• 54:49
  I feel like this is going to resonate with just the average
• 54:52
  person out there where, you know, for a long time we've been
• 54:55
  called, you know, criminals and what what they used to call us
• 54:58
  like D Jens, not not only D Jens, but they said illiterate,
• 55:03
  illiterate Bitcoiners, illiterate financial Bitcoiners
• 55:06
  or something, something, something of that nature.
• 55:09
  And we've leaned into this meme. We've leaned into the idea of,
• 55:13
  you know, yeah, we are left side of the bell Bitcoiners.
• 55:16
  You know, I just say the memes, you know, like Grug, just
• 55:19
  caveman. Like, yeah.
• 55:20
  Like I just buy Bitcoin. That's it.
• 55:22
  I buy Bitcoin. I take it into custody.
• 55:25
  This one's interesting. Literally the highest IQ holder
• 55:28
  and I I, I can't not point out that every tweet he starts with
• 55:33
  is as the world's highest IQ holder.
• 55:36
  I would do this type of thing. So it's so socially awkward too.
• 55:39
  Like I it's just, it's just awesome confirmation that he
• 55:42
  really is high IQ. Just just meme it.
• 55:45
  Just meme it into reality. Anyways, the first tweet is as
• 55:48
  the world's highest IQ record holder and grandmaster of memory
• 55:51
  today. Oh wait, this is the wrong one
• 55:54
  hold on that was the wrong one. I I picked the wrong one hold on
• 55:57
  here we go as the world's highest IQ record holder and
• 56:01
  grandmaster of memory, I believe that Bitcoin is the only hope
• 56:04
  for the future economy. Therefore, I have converted all
• 56:07
  my assets into Bitcoin, but everything I possess belongs
• 56:10
  only to the Lord Jesus and will be used for his glory.
• 56:12
  Absolute Chad absolute Chad tweet here but this part you
• 56:16
  know, Bitcoin is the only hope for the future economy and and
• 56:20
  there there has been some contention I've seen on Twitter
• 56:23
  whether he's oh, I'm on the wrong one yeah you're not sorry
• 56:26
  guys sorry guys lagging here dude it's it's it feels like a
• 56:30
  Monday to me here so here you guys can see it's.
• 56:32
  Basically Monday, yeah. Yeah, exactly.
• 56:36
  There is some contention on whether he is the world's
• 56:40
  highest IQ record holder. I saw that it has been
• 56:43
  independently verified by multiple things, but I think the
• 56:47
  strength of of this kind of idea, like the smartest man in
• 56:51
  the world is also a Bitcoiner. So we, as Sophie was saying, we
• 56:55
  can we can very clearly say like, yeah, probably the dumbest
• 56:58
  people and the smartest people are in Bitcoin.
• 57:00
  If I'm in Bitcoin, I'm I'm the on the dumbest side of Bitcoin.
• 57:04
  But we have the smartest person in the world also on Bitcoin.
• 57:08
  And if I can find the Kaushi tweet that they did it it here,
• 57:11
  let me let me find that. It was so funny.
• 57:13
  They did a great tweet here where they did breaking news.
• 57:18
  You know, smartest man in the world is a bitcoiner.
• 57:22
  And then someone responded with, I wonder what the lowest IQ
• 57:25
  record holder in the world is doing.
• 57:27
  And they're like, they're also in Bitcoin, which is just yeah,
• 57:32
  that's the here we go. I I found it.
• 57:35
  OK, look at this. This is great.
• 57:36
  This is great content right here.
• 57:38
  So just in world's highest IQ record holder has converted all
• 57:40
  his assets in the Bitcoin and someone goes, I wonder what the
• 57:43
  lowest IQ record has just done. And he goes, he is also in
• 57:46
  Bitcoin. So look, here's me here, left
• 57:48
  side of the bell curve, 42 IQ literally off the bell curve.
• 57:53
  And then we have I, I'm going to butcher your name, bro Yong Hoon
• 57:58
  Kim, smartest guy, highest IQ also in Bitcoin.
• 58:01
  But it's not just that he converted all of his assets into
• 58:05
  Bitcoin and that he thinks this is the only hope for the future
• 58:08
  of the economy, which I would totally agree with.
• 58:11
  Again, you know, left side and the right side of the IQ, you
• 58:14
  know, shake hands. We, we're we're in alignment on
• 58:17
  this. This tweet is where I feed you
• 58:21
  with the opium guys. So it's not just Opti that tells
• 58:24
  you this. It's not just Luke that tells
• 58:26
  you this. Again, world's highest record IQ
• 58:29
  holder, and I'm saying that multiple times because he does
• 58:32
  that in every tweet he tweeted, and this was a couple of days
• 58:36
  ago. And he goes future economy.
• 58:38
  According to my theoretical analysis, within the next 10
• 58:41
  years, Bitcoin will increase at least 100 times and be
• 58:45
  universally adopted as the ultimate reserve asset. 100X no,
• 58:50
  100 times. Yeah. 100 X here.
• 58:52
  What's that? Is that a mil?
• 58:56
  No, 10 mil, I think that's 10 million.
• 58:59
  Can someone Fact Check me in the chat?
• 59:00
  100X from here. 100 times from here, I think yeah, that should
• 59:05
  be 10 million. That's 10 million, dude.
• 59:09
  Smartest guy in the world is saying $10 million Bitcoin guys,
• 59:13
  we made it. We made it so not only is it the
• 59:17
  future hope of economy, but he is giving us arguably more
• 59:23
  bullish price predictions than I do here in 10 years, $10 million
• 59:27
  per coin. I don't know, man.
• 59:29
  Let's let's meme this one into reality here.
• 59:31
  So Sophie, what's your thoughts on this?
• 59:35
  I actually, I'm going to pull up my tweet here 'cause I, I was, I
• 59:37
  was trolling a little bit here so.
• 59:38
  Where is your. Tweet Yeah, mine.
• 59:40
  Mine you. Need to see the other side of.
• 59:41
  The bell curve this is me. Here's here's the here we go.
• 59:45
  Other side of the bell curve you.
• 59:48
  Need to show it. As oh, wait, sorry, sorry,
• 59:50
  sorry. Here we go, here we go, here's
• 59:53
  my tweet. Literally just copy pasta.
• 59:55
  As the world's lowest IQ record holder and grandmaster ship
• 59:58
  hosting, I also believe that Bitcoin is the only hope for the
• 1:00:01
  future economy and therefore have converted all my assets
• 1:00:04
  into Bitcoin as well. Dude.
• 1:00:07
  It's, it's just. It's just.
• 1:00:08
  Living the meme, guys. We got the smartest people and
• 1:00:11
  the dumbest people in Bitcoin and.
• 1:00:13
  You know 'cause the. Reality is you.
• 1:00:14
  You don't have to be smart. It's not about being smart or
• 1:00:18
  dumb. It's about having conviction and
• 1:00:22
  believing with your own eyes that what you've been told is a
• 1:00:25
  total lie and that what you're experiencing is absolutely real.
• 1:00:29
  It's it's believing in reality that makes people believe in
• 1:00:34
  Bitcoin, because Bitcoin is the truest form of money.
• 1:00:39
  Sorry, sorry, I'm not. I'm not thinking of Elaine's
• 1:00:41
  tweet here or comment. Go keep going.
• 1:00:42
  Sorry. Wait.
• 1:00:43
  Oh, that's funny. Yeah, I did read that.
• 1:00:46
  Shout out to Elaine. I think that if you just believe
• 1:00:51
  your own eyes and ears and believe the lived experience
• 1:00:56
  that you've had as a human being on this planet, and if you see
• 1:01:00
  the fact that they've printed money, that housing prices are
• 1:01:03
  going up, that you are worse off in this generation than in the
• 1:01:08
  previous generation, then you understand that Bitcoin is for
• 1:01:12
  you. And that doesn't really have to
• 1:01:13
  do with IQ. Although I guess thanks for
• 1:01:16
  validating our feelings and and our reality because you know, a
• 1:01:21
  lot of our friends gave us a lot of grief for buying Bitcoin.
• 1:01:26
  They thought we were pirates. They thought we were stupid.
• 1:01:29
  They thought we were buying magic Internet money.
• 1:01:32
  It was all true it. Was all true and I think that
• 1:01:37
  we're the ones that are going to come up on top like hey, I'd
• 1:01:40
  rather be a pirate and I'd rather be buying magic Internet
• 1:01:43
  money than money that the government prints for free.
• 1:01:45
  So I, you know, thanks for the validation, Young what's?
• 1:01:51
  What's his name? Young Kim, I think.
• 1:01:52
  Young Hun, Young Hun Kim, we love you.
• 1:01:55
  Slay. Yeah.
• 1:01:57
  Bars. This guy's spitting bars over
• 1:01:59
  here. Love, love to see you.
• 1:02:01
  Anyways, just to know, what's your thoughts on this?
• 1:02:02
  Do you do you think this will have any impact?
• 1:02:04
  Or is this just us kind of confirming our own bias and
• 1:02:07
  making us feel good about ourselves?
• 1:02:11
  I, I don't know, I mean, I hopefully, hopefully it has,
• 1:02:14
  hopefully it has, hopefully it runs, hopefully it runs super
• 1:02:17
  hard and and hits TikTok and Instagram.
• 1:02:20
  I don't know if it has or, or anything.
• 1:02:22
  This is the, the the first I saw it was just just before I got on
• 1:02:26
  here with you guys. So I think it's very exciting.
• 1:02:28
  I think that it's always exciting when someone who is of
• 1:02:32
  some prestigious or, you know, esteemable position in in the
• 1:02:37
  world or, you know, in in that people are perceived them as
• 1:02:41
  something fancy says that Bitcoin is going up 100 X Hell
• 1:02:47
  yeah, Omega candle for your forehead leftover.
• 1:02:52
  Yeah, that's, you know, I think the first part of him just
• 1:02:57
  saying, hey, you know, that's the smartest guy on planet Earth
• 1:03:01
  right now. I converted all my assets into
• 1:03:03
  Bitcoin. You're like, OK, that's cool.
• 1:03:04
  Like, you know, that like, I love to see that.
• 1:03:08
  But then when you see him double down and be like, yeah, we're
• 1:03:10
  going to 10 million per coin in 10 years, you're like, OK, all
• 1:03:14
  right, man, now, you know, keep feeding me the opium here
• 1:03:17
  because those are the type of predictions I like to hear.
• 1:03:20
  Now, even if we don't get close to that, I think we can all kind
• 1:03:25
  of agree that 10 years from now, 7 figures is definitely going to
• 1:03:28
  be the range that we are in with Bitcoin.
• 1:03:30
  So hey, how Finney said it literally like 3 days after
• 1:03:33
  Bitcoin was created, 10 million per coin, what, 16 years later
• 1:03:38
  we have the smartest man in the world confirming 10 million per
• 1:03:41
  coin. So we'll give him the benefit of
• 1:03:43
  the doubt. He did say through my
• 1:03:44
  theoretical analysis here. So, hey, it may have took in
• 1:03:47
  1516 years for him to convert all his ads into Bitcoin, but
• 1:03:51
  he's he's doing the work now and.
• 1:03:54
  My theoretical analysis of being a human being on this planet and
• 1:03:58
  not being able to afford things. I have concluded that Bitcoin
• 1:04:01
  good Bitcoin equals number go up.
• 1:04:04
  Yeah, through my gut and instinct.
• 1:04:07
  That's the thing. Though I say Bitcoin go up.
• 1:04:10
  I think, I think it really is just about common sense, which
• 1:04:14
  probably isn't that common anymore.
• 1:04:16
  And this guy just happens to have a little bit of that and
• 1:04:20
  also happens to be the Grand Master memory holder.
• 1:04:24
  What was his title? That was.
• 1:04:26
  Honestly, that was crazier than Master.
• 1:04:28
  Grand Master of Memory. Grand Master of memory, You know
• 1:04:32
  he, he's not going to forget. He's not going to forget how
• 1:04:35
  much groceries were last year compared to this year.
• 1:04:38
  And that's why he's like, damn, something has to change.
• 1:04:42
  Oh. Was that us or was that awesome?
• 1:04:46
  Oh, it's awesome, Ella. Awesome.
• 1:04:48
  Ella's house is catching on fire.
• 1:04:49
  I thought that was us. Because I was.
• 1:04:51
  I was. Yeah.
• 1:04:52
  Sophie spent. Too many.
• 1:04:54
  Facts. Actually I I do I do want to
• 1:04:56
  read this comment right here. Super cycle Steve B goes.
• 1:05:00
  I have a very high IQ but I won't have it tested.
• 1:05:02
  I like to live a quiet life. I'm on the opposite side.
• 1:05:06
  You know, I jokingly say I have a low IQ, but I'm genuinely
• 1:05:10
  afraid of getting my IQ tested because maybe it is actually
• 1:05:13
  that low. So hey, I'm on the opposite side
• 1:05:16
  of this, you know, Schrodinger's IQ here.
• 1:05:19
  I, I, I like to believe I have a higher IQ than I probably do.
• 1:05:23
  But I, you know, I just commit to the bit 42 IQ, which I
• 1:05:27
  learned is the average IQ for the lowest country in the world
• 1:05:31
  here. So I somehow picked that number
• 1:05:33
  out of thin air and it's literally like the the lowest IQ
• 1:05:38
  possible. Lowest recorded in human.
• 1:05:41
  History. It did.
• 1:05:42
  Idiot savant over here. Idiot savant here.
• 1:05:45
  OK, it looks like Osano is back. Hopefully, hopefully we're back.
• 1:05:50
  Sorry. We had a smoke alarm.
• 1:05:52
  No worries, No worries. All right, guys, we're going to
• 1:05:54
  talk about Bitcoin art. Bitcoin Art Magazine.
• 1:05:57
  Yeah, I thought it was over here.
• 1:05:58
  But anyways, we'll be right back in one second, guys.
• 1:06:01
  And we will chat with Osano about his latest project.
• 1:06:05
  See you in a second. I want to give a shout out to
• 1:06:09
  our partner Hive digital technology.
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  Why Hive in 2025 unstoppable growth as the first ever public
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  freedom. All right.
• 1:08:10
  Awesome, Noah, good to have you back, man.
• 1:08:14
  Let's talk about your latest project, man.
• 1:08:15
  I think everyone here at Simply Bitcoin that's been around knows
• 1:08:19
  of you. We obviously had the collab with
• 1:08:22
  our one of our original merch launches.
• 1:08:25
  I'm sure they've seen you at the conferences, they've seen your
• 1:08:28
  work out there. But what is this latest venture?
• 1:08:32
  Yeah, thank you guys for for letting me come up here and hang
• 1:08:35
  out with you and shout out my my new project here.
• 1:08:40
  So there was no art magazine in Bitcoin, at least not one that
• 1:08:44
  was being released on any periodical time frame.
• 1:08:49
  There had been a few gallery catalogs made for some of the
• 1:08:52
  big art galleries and there's been, I think some one offs here
• 1:08:57
  and there. Now, as everybody knows, there's
• 1:09:00
  a lot of really great and amazing art in Bitcoin, a lot of
• 1:09:06
  beautiful like oil paintings, hand painted physical art.
• 1:09:11
  And there's, you know, shout out to Scarcity and to the Bitcoin
• 1:09:16
  Conference for hosting a really large gallery of physical
• 1:09:20
  Bitcoin art and Scarcity for running auctions.
• 1:09:24
  And there's a few other really cool, you know, projects that
• 1:09:27
  are promoting and providing a platform for Bitcoin artwork,
• 1:09:31
  but there was no magazine. And so I decided to make a
• 1:09:36
  magazine and I've got over 100 artists currently.
• 1:09:41
  We've got about enough content for three or four issues.
• 1:09:45
  And we've got currently our official pre sale is live at
• 1:09:50
  bitcoinartmagazine.com for the Genesis edition of Bitcoin Art
• 1:09:57
  magazine. And so we're doing base edition
• 1:10:03
  magazine and then we have some limited edition gold foil cover
• 1:10:06
  parallel magazine and a limited edition hardcover book.
• 1:10:13
  But our base magazines are $84 a year for a subscription that's
• 1:10:17
  $21.00 a magazine plus shipping or you can buy a one off issue
• 1:10:20
  for $33. These are going to be like super
• 1:10:22
  high quality, just beautiful high quality print.
• 1:10:27
  We've got over 150 pages of high signal curated content in the
• 1:10:31
  Genesis edition. The cover art is by Fractal and
• 1:10:34
  Crypt. We've got 4 words from Knuts
• 1:10:36
  Vanholm and Daniel Prince. We have over 50 full pages of
• 1:10:40
  artwork from 36 of the best artists in Bitcoin.
• 1:10:44
  Minimal ads in the magazine, 0 ads in the hardcover book, and
• 1:10:48
  like I said, high quality print. So if you love Bitcoin and you
• 1:10:51
  love art, head on over to bitcoinartmagazine.com.
• 1:10:55
  pre-order a magazine, your copy of the Genesis edition and or
• 1:10:59
  just go give us a follow on Twitter or noster.
• 1:11:02
  Our socials are on our website so@bitcoinartmagazine.com.
• 1:11:06
  Give us a follow on Twitter and we're doing our daily artist
• 1:11:09
  features and just trying to highlight all of the great and
• 1:11:13
  amazing art that's being made in Bitcoin.
• 1:11:15
  I saw somebody in the comments there are no NFTS in the big.
• 1:11:18
  Dude, they're physical NFTS, bro.
• 1:11:20
  They're real NFTS. There's there's no NFTS in the
• 1:11:26
  magazine. We're we're not, we're not
• 1:11:28
  featuring any NFTS. We are only featuring physical
• 1:11:32
  Bitcoin artwork. So also Noster, follow us on
• 1:11:36
  Twitter and appreciate you. Love it dude.
• 1:11:42
  I'm I'm just wondering what are, what are some of the artists
• 1:11:45
  that that are going to be featured in the in the Genesis
• 1:11:48
  edition? Yes, we've got, as you guys can
• 1:11:51
  imagine see we've got Fractal Encrypts full note on the cover.
• 1:11:54
  So we have a nice big feature on Fractal Encrypt.
• 1:11:57
  And then we've got Chief Monkey, Madex, Brekkivon, Bitcoin Mir,
• 1:12:01
  One Bitcoin Apex, Pepe, Nardo Rare, Skrilla, Alex Shaffer,
• 1:12:05
  Bitco Yanowski, Yonak, Vox Cypherpunk now Adam Cadman,
• 1:12:10
  Kanudo Takumi. We've got Bitcoin trading cards
• 1:12:13
  in there. I of course had a feature myself
• 1:12:16
  and we got Zitra and Ryer. We have a, we have a bunch of
• 1:12:21
  really awesome artists as long as some new up and coming super
• 1:12:26
  cool artists that just kind of entered the scene.
• 1:12:28
  So it's, it's super exciting. But you, I'm sure if you've been
• 1:12:32
  in Bitcoin for a little while and you've been to any of the
• 1:12:34
  conferences or you follow followed any of the Bitcoin
• 1:12:37
  artists, I'm sure you will be recognizing some of the artists
• 1:12:39
  that we will be featuring in the magazine.
• 1:12:42
  Yeah, yeah, I definitely recognize some of the names, a
• 1:12:45
  few I I haven't heard of. So it's going to be very
• 1:12:47
  interesting to see what you guys put up though.
• 1:12:50
  My my second question, someone said something, are these all
• 1:12:53
  physical or digital pieces? So is it like a a coffee book
• 1:12:57
  table of like digital prints or they're also like pictures of
• 1:13:02
  physical art that people painted?
• 1:13:05
  They're pictures. So it's it's, it's all
• 1:13:06
  photographs of artwork that people, you know, but these are
• 1:13:11
  high resolution photographs for the most part.
• 1:13:13
  So but yeah, it's, it's like, it's like a magazine with a with
• 1:13:16
  a full page that is of, you know, printed on the paper.
• 1:13:21
  It's like a real physical magazine you hold in your hands
• 1:13:24
  and the artwork is printed on the paper.
• 1:13:28
  That artwork, that is a photograph of a painting that
• 1:13:31
  somebody painted as an example so.
• 1:13:35
  Are people able to purchase the art directly from the magazine?
• 1:13:39
  Like is there a way that, you know, if I'm looking through it,
• 1:13:42
  I say, damn, this art piece is just like I have to have it.
• 1:13:46
  Is there a way for me to buy it directly from the magazine
• 1:13:49
  through AQR code? Or like what's the process of
• 1:13:53
  getting in touch with the artists like?
• 1:13:56
  Yeah, no, that's a great question.
• 1:13:58
  So you know, possibly something along those lines potentially in
• 1:14:02
  the future. As of right now, we're just
• 1:14:03
  going for more of a high end art journal.
• 1:14:06
  So, you know, every article or artist feature in the magazine
• 1:14:09
  will have the artist's website. And we do encourage you, if you
• 1:14:12
  see a piece of art that you really like to go to the
• 1:14:15
  artist's website, see if it's available and or Commission them
• 1:14:18
  to maybe make you something similar.
• 1:14:20
  So we're doing minimal QR codes overall for now and just just
• 1:14:25
  just websites at the bottom of each artist feature.
• 1:14:29
  Love it, love it. OK, and you said pre-order, so
• 1:14:31
  when here I'll pull up the site right real quick.
• 1:14:34
  When if people pre-order today? When can people expect a
• 1:14:38
  magazine at their door? If people pre-order today, we
• 1:14:43
  are I'm like currently this it's hopefully we're going to the
• 1:14:47
  printers this week. So hopefully it's sooner than
• 1:14:53
  three to five weeks, which is what I'm telling you right now.
• 1:14:56
  And we've got on our website for the magazine expected to ship in
• 1:15:00
  three to five weeks. And on the hardcover books we've
• 1:15:05
  got, I believe it is 4 to 8 weeks on the patrons edition and
• 1:15:15
  both on the on the on the we've got, we've got a limited edition
• 1:15:17
  of 121 hard cover book. And then we have a patrons
• 1:15:20
  edition gold foil cover and nesting box super fancy limited
• 1:15:23
  edition of 121. Both of those are going to be 4
• 1:15:25
  to 8 weeks. But the magazine and the gold
• 1:15:27
  foil magazine should be 3 to 5 weeks.
• 1:15:30
  I'm I'm hoping for a month out from now so.
• 1:15:33
  Got it. And we'll lead to that.
• 1:15:35
  I'm, I'm, I'm working, I let's make a magazine magazine, he
• 1:15:40
  said. You know, this is it's, it's all
• 1:15:42
  turned out to be a lot, a lot bigger than bigger of a project
• 1:15:46
  than I had expected. It's a physical NFT magazine
• 1:15:50
  That is not accurate. You do not understand.
• 1:15:55
  You need, you need to it's funny.
• 1:15:56
  Well, somebody asked him on Twitter the other day.
• 1:15:58
  But down in their Blues, you do you do you know what an NFT is?
• 1:16:03
  So there's a. Hey, absolutely.
• 1:16:07
  It's a it's a troll. We can start.
• 1:16:08
  You know, you could say that anything that isn't Bitcoin is a
• 1:16:10
  shit coin, right? And that you only need bare
• 1:16:13
  essential food, air and water and so forth.
• 1:16:16
  So no, I think, yeah, it is. It is a physical in a sense.
• 1:16:20
  It is, I guess a physical NFT. I I don't know that doesn't.
• 1:16:24
  Entire yeah, it's it's it's a troll.
• 1:16:27
  I I think it's something that I would say on the show when we
• 1:16:30
  bring artists on because once NFTS like became all the rage.
• 1:16:34
  So it's kind of a rage. He's kind of rage baiting you
• 1:16:36
  right now where it's like, oh wait, you make art like physical
• 1:16:41
  art. Oh, so it's a physical NFT
• 1:16:42
  because it's like flipping the whole, you know, NFT is just
• 1:16:45
  digital art and you're like, no, like real art is just a physical
• 1:16:48
  NFT. Like what?
• 1:16:49
  What? Are we talking about, you know,
• 1:16:50
  I resent NFTS for that because NFTS are like, barely art.
• 1:16:55
  They're barely. Art yeah, well, I mean, here's
• 1:16:58
  The thing is that like I, I and I wouldn't want to get into it
• 1:17:00
  right now because I said we weren't going to get into
• 1:17:02
  anything contentious, but like I can give you the whole
• 1:17:04
  breakdown. Like I'm a I've been making
• 1:17:06
  Bitcoin. I was I could have minted sub
• 1:17:08
  10K ordinals. You know, I've been there for a
• 1:17:12
  bunch of for a not a lot, I'm not a OG, but a good amount of
• 1:17:16
  Bitcoin art and and so like I have a well like I we'll get
• 1:17:21
  into it another time. Like what is an NFT, you know,
• 1:17:25
  And so it, it as a physical Bitcoin artist who doesn't make
• 1:17:30
  NFTS, No, I, I know you're just trying to be funny, but I mean,
• 1:17:34
  but I mean, you got to understand there's not a lot of
• 1:17:36
  representation for physical Bitcoin artwork.
• 1:17:38
  And and that's physical Bitcoin and Bitcoin adjacent artwork,
• 1:17:42
  right? So it is like the art of the
• 1:17:43
  revolution and in in a lot of ways.
• 1:17:46
  The ultimate marketing because the.
• 1:17:48
  Ultimate. Marketing without without art
• 1:17:51
  surrounding an important issue in the world, you have no one to
• 1:17:58
  like actually care about it emotionally and and so you guys
• 1:18:03
  are definitely you guys are making the culture and you
• 1:18:06
  should be very, very proud of. Yeah, and I was, I was gonna say
• 1:18:09
  that exact last thing, like obviously I love Bitcoin art,
• 1:18:14
  but at first I didn't really grasp kind of the significance
• 1:18:18
  of Bitcoin art until we started really kind of diving into the
• 1:18:22
  culture and kind of the the dynamics between culture and how
• 1:18:26
  society shifts. And I would argue that Bitcoin
• 1:18:28
  artists are on the leading edge of trying to shift that culture
• 1:18:32
  of literally, you know, making really cool stuff that gets
• 1:18:35
  people, I don't know, incentivize or maybe more
• 1:18:38
  motivated and inspired to understand what Bitcoin is.
• 1:18:41
  It's like this is how we shift the art is literally or sorry,
• 1:18:44
  shift the culture is by literally creating really cool
• 1:18:47
  art. And that I think extends more
• 1:18:49
  than just, you know, painting art or, you know, making music
• 1:18:53
  or, you know, movies and all this stuff.
• 1:18:55
  Like all of that is, in my opinion, kind of the collective
• 1:18:59
  art that Bitcoiners need to make is just continuing to make art
• 1:19:03
  in various ways that is just really cool that stands alone by
• 1:19:07
  itself, but is created by Bitcoiners.
• 1:19:10
  And like you've been doing various ways to kind of monetize
• 1:19:13
  it, you know, do peer-to-peer markets, et cetera.
• 1:19:15
  And really just like as we were saying earlier, the marketing
• 1:19:18
  team get this out in front of as many people as possible.
• 1:19:21
  And then they realize like, oh, wait, like this is a cool piece
• 1:19:24
  of art. And if Nico was here, he loves
• 1:19:27
  art. Like there's literally all kinds
• 1:19:29
  of Bitcoin art at his house. He absolutely loves art.
• 1:19:32
  He's he's probably 1. I will, I will.
• 1:19:34
  I'm not going to say he's probably one of the biggest
• 1:19:36
  patrons of the arts here, but he loves art.
• 1:19:40
  He he always jokes. He's like, dude, I spend
• 1:19:42
  probably most of my money on just Bitcoin art.
• 1:19:45
  And I can confirm that. I can confirm that.
• 1:19:48
  I yeah, no, I think, I think that the, there's a lot of
• 1:19:52
  people that are not, that there's a lot of people in the
• 1:19:55
  world that might only get into Bitcoin through art, you know,
• 1:20:00
  and that it's subliminal. I think in a lot of ways, you
• 1:20:04
  know, there's like street cyber is just, you know, the he's
• 1:20:09
  doing kind of a Bitcoin Banksy style.
• 1:20:12
  Artwork Nate Sandoval I saw you saw you said Bitcoin Banksy
• 1:20:15
  there. But I mean, you know, people
• 1:20:17
  going out and painting the Bitcoin B even on stuff it just
• 1:20:21
  in the streets of the world is is is subliminally one of the
• 1:20:27
  most important things. It's kind of like if you guys
• 1:20:29
  seen when they're projecting the Bitcoin logo and like the Bank
• 1:20:32
  of, you know, the European bank, central bank or or doing a drone
• 1:20:37
  show in the sky. And I mean that, you know, that
• 1:20:39
  propaganda is is super it's super, super powerful and and
• 1:20:43
  has been historically, if you look throughout history of any
• 1:20:45
  sort of movement, you know, Wheatpace posters and so forth.
• 1:20:52
  So, but yeah, no, I'm I'm super not I I don't, I don't do NFTSI
• 1:20:57
  know we're not, we're not featuring NFTS.
• 1:21:02
  So, you know, I yeah, it it's it's physical art, physical
• 1:21:07
  Bitcoin, fine art and which is our which is our focus.
• 1:21:11
  And then we will be, you know, highlighting and going into some
• 1:21:14
  more of the street art and music and so forth and other artistic
• 1:21:18
  forms around Bitcoin. But basically it's an art and
• 1:21:20
  culture magazine for, you know, for, for the Super left side of
• 1:21:26
  the bell curve orange coin, good plebs who want to look at pretty
• 1:21:30
  pictures, you know? I like pretty pictures, but no,
• 1:21:35
  I said no, you said, you said one of my favorite words,
• 1:21:37
  propaganda. And I'm huge on this idea.
• 1:21:40
  Nika gets mad at me all the time.
• 1:21:41
  It's like, no, we're, we're not Bitcoin propaganda, dude.
• 1:21:44
  We're we're an edutainment channel.
• 1:21:46
  I'm like, bro, it's all propaganda.
• 1:21:47
  Everything is propaganda. And we need more Bitcoin
• 1:21:50
  propaganda so more people understand why we do what we do.
• 1:21:54
  And and I, I, I've been kind of leaning into it even further.
• 1:21:57
  I'm like, I'm not even here to debate about it anymore.
• 1:22:00
  I'm just here to spread the Bitcoin propaganda and
• 1:22:03
  hopefully, you know, like incept you into believing what we do
• 1:22:07
  and why we're right. And I think as the price
• 1:22:09
  continues to go up and more people adopt Bitcoin, it's just
• 1:22:12
  going to be that much easier to do what we do here at Simply
• 1:22:15
  Bitcoin and what you guys are trying to do and what everyone
• 1:22:18
  else tries to do. I think it's gonna catch on very
• 1:22:21
  fast because of every one of our efforts.
• 1:22:24
  But also, no. I do have one more question
• 1:22:25
  before we wrap up. If there's potentially an artist
• 1:22:28
  in the audience, can they submit art?
• 1:22:32
  How do you choose the artist to be a part of these magazines?
• 1:22:35
  I started with kind of just an open call and then I got, I got
• 1:22:40
  like a lot of artists really fast.
• 1:22:42
  So I've kind of tightened curation down a little bit.
• 1:22:45
  And so open submissions are currently closed.
• 1:22:47
  At some point we will open up like public call submissions.
• 1:22:51
  But if you are an artist in the chat or who's listening to this
• 1:22:56
  on any platform, you can send me Adm on Twitter or on Monster and
• 1:23:01
  I'm happy to chat with you and see what you've got.
• 1:23:02
  You know, so and, and so, yeah, we, we've got, we've got a
• 1:23:08
  couple parameters. We're still working out exactly
• 1:23:10
  what they are of, of what it takes to be included in the
• 1:23:12
  magazine as an artist or as a artist feature.
• 1:23:16
  But we are doing articles on all kinds of art and artistic
• 1:23:20
  things. So send me Adm if you're an
• 1:23:21
  artist in the in the chat here. And maybe we'll try to get you
• 1:23:25
  in a future issue here. All right, guys, So what I heard
• 1:23:27
  for you Bitcoin artists out there is you got to make
• 1:23:29
  something that Austin Noah likes.
• 1:23:31
  So pro tip, use a lot of gold and it's going in the next
• 1:23:36
  magazine. No, no, I'm joking.
• 1:23:37
  Don't steal Austin Noah's thing. Don't bite his stuff.
• 1:23:40
  Make something dope that means something and that pushes
• 1:23:45
  forward the Bitcoin revolution. Let's go.
• 1:23:48
  All right, Well, there is some artists in the chat.
• 1:23:50
  So you said you have what, 2:00 to 3:00 magazine's already full.
• 1:23:55
  So that I think that's going to give you guys, what about
• 1:23:59
  2:00-ish quarters to work with, work on a piece and then ship it
• 1:24:03
  or rather not ship it, sorry, send it to Asanella and he we'll
• 1:24:08
  potentially get it into the next one.
• 1:24:09
  So or the third one, third or fourth one.
• 1:24:11
  High take high resolution photographs of your work if you
• 1:24:15
  are an artist in the chat right now.
• 1:24:17
  Let's go. All right, man.
• 1:24:18
  Well, Asano, thanks for coming on last time.
• 1:24:21
  Will you plug your socials for people if they want to get in
• 1:24:23
  touch with you? Yeah, absolutely.
• 1:24:25
  You can find me on Twitter at Asanoa under Score Gold and you
• 1:24:30
  can find me on Noster at primal.net/asanoa and you can
• 1:24:35
  copy my input from there. And then the Bitcoin
• 1:24:38
  artmagazine.com has our Twitter and our Noster on there, which
• 1:24:44
  is Twitter would be at Bitcoin Art Mag and Noster is
• 1:24:49
  primal.net/bitcoin Art Magazine. And we also have a super vibrant
• 1:24:55
  Telegram chat of almost, I think over 400 members now Telegram
• 1:25:00
  chat with that's just general, come hop in, say hi.
• 1:25:04
  We got a lot of artists inside of there.
• 1:25:06
  And you can find that link on our website at
• 1:25:09
  bitcoinartmagazine.com. Let's go.
• 1:25:13
  Well, Austin, Noah, thanks for coming on today.
• 1:25:16
  Of course, guys, this was, I don't even know what the episode
• 1:25:19
  #1143, I think No, 1343. Wow.
• 1:25:24
  Episode 1343. This is Tuesday, September 30th,
• 1:25:28
  guys. Let's hope we can put September
• 1:25:31
  behind us and commence October. Guys, I will be here with you
• 1:25:35
  guys. It wasn't.
• 1:25:36
  It wasn't even that bad. Yeah, actually it wasn't.
• 1:25:39
  It's like we're at like 3 percent, 3% on the month.
• 1:25:42
  It's it's OK, it's OK. It's not bad performing
• 1:25:45
  September. But hey, Q4 literally starts
• 1:25:48
  tomorrow and let's hope and let's meme it into reality.
• 1:25:52
  It is about to pump boys and girls.
• 1:25:55
  So I hope you're stacking stats. I hope you take that Bitcoin off
• 1:25:58
  the exchanges and of course, we'll be back tomorrow at the
• 1:26:01
  same time as always, roughly 12:30 PM, roughly 12:30 PM
• 1:26:06
  Eastern Time. Dico should be back tomorrow.
• 1:26:09
  I'll see you guys. This has been the wonderful, the
• 1:26:12
  beautiful, the incredibly talented Internet selfie.
• 1:26:16
  Of course, Austin Noah, Bitcoin artist and the lowest IQ record
• 1:26:21
  holder, Opti here as the host. We'll be back tomorrow.
• 1:26:25
  Peace out, guys. Have a good rest of your day.
• 1:26:28
  Today's episode was brought to you by bitcoinwell.com, a
• 1:26:31
  Bitcoin only platform on a mission to enable financial
• 1:26:34
  independence.