Latest / Simply Bitcoin / 5 Reasons Bitcoin Is About To ABSOLUTELY EXPLODE: Here's Why | EP 1124

Transcript

5 Reasons Bitcoin Is About To ABSOLUTELY EXPLODE: Here's Why | EP 1124 · Simply Bitcoin

• 0:00
  Yo, despite many people claiming that Bitcoin might have taught
• 0:04
  because it failed to break its all time high at $99,500 on its
• 0:09
  first try. Today we're going to be
• 0:11
  exploring five data points that prove Bitcoin is likely to soar
• 0:16
  well past 100K. They say history doesn't repeat,
• 0:20
  but it often does rhyme. So let's dive into this Bitcoin
• 0:24
  mag article saying despite the Bitcoin run up, Bitcoin on chain
• 0:28
  metrics are saying that the bull run is far from over.
• 0:33
  So here we go reason #1 again, a great article from Bitcoin
• 0:36
  Magazine about on chain metrics. And guys, before you throw
• 0:39
  tomatoes, we're not talking TA here.
• 0:40
  We're talking some on chain metrics with historically have
• 0:43
  shown what is happening on the Bitcoin bull run and Bitcoin
• 0:47
  price movement. So first, one reason number one
• 0:50
  is there's plenty of upside remaining and and the first
• 0:53
  reason is the MVRVZ score compares Bitcoins market cap or
• 0:57
  price multiplied by circulating supply with its realized cap,
• 1:01
  which is the average price at which all Bitcoin were last
• 1:04
  transacted. And historically this metric
• 1:07
  single signals when the market is overheated and when it isn't.
• 1:10
  And you guys can see here from the first chart that we're not
• 1:13
  even close to being overheated when the MVRVZ score is still
• 1:17
  considerably low in this bull market.
• 1:19
  There's still a lot of room to run.
• 1:22
  And for the audio listeners, we're at a price of around 3 in
• 1:25
  the MV RV score. And you really start to see the
• 1:29
  price get overheated once it gets over 7 and into the 9
• 1:32
  metric. So that's rule number one reason
• 1:34
  #1 So still a lot of room to run.
• 1:37
  We're currently, you know, at like 3 once we get into 7 and 10
• 1:40
  ranges when things start to get crazy.
• 1:42
  And of course, I'm not here alone.
• 1:44
  I'm here with our Co host or rather our fearless leader in Co
• 1:48
  host C Nico and George McHale from Bitcoin magazine.
• 1:52
  So we got a good show for you guys, but let's get back into
• 1:55
  some of these reasons. So the second reason is minor
• 1:58
  profitability. This is when you know, you know
• 2:00
  whether the miners are selling, whether they're in the green and
• 2:02
  what they're doing. And this is called the pure
• 2:04
  multiple. And this evaluates minor
• 2:06
  profitability by comparing the daily USD denominated revenue to
• 2:10
  the previous one year moving average.
• 2:13
  And post having miners earnings dropped by 50%, which led to
• 2:16
  multiple month periods of decreased earnings as the price
• 2:19
  consolidated again super low. In regards to the bull run FOMO
• 2:25
  that we've seen in the past, you know, we don't know what's going
• 2:28
  to happen in the future, but looking backwards, we got some
• 2:30
  good data on what is going to happen in the future.
• 2:33
  Again, minor earnings have just crossed back above this yearly
• 2:36
  average with with post halving has signified the start of
• 2:40
  exponential bullish price action.
• 2:42
  Again, for the audio listeners, it's way below the line before
• 2:46
  we start to see the bull run FOMO.
• 2:48
  So rule #2 or reason #2 it looks like, you know, the metrics on
• 2:53
  chain metrics for Bitcoin is showing that there's still a lot
• 2:56
  of room to run. Even though 100K is kind of a
• 2:59
  psychological point, it's kind of a victory lap for us
• 3:02
  Bitcoiners. There's still so much room to
• 3:04
  run, which I think it's kind of breaking through the meme of all
• 3:07
  of us bit corners with PTSD saying like, man, it's only
• 3:10
  going to stop at 100K, It's only going to stop at 200 K.
• 3:12
  It's like, no, I, I think this time might be a little
• 3:15
  different. I think we might be running into
• 3:17
  the six figures. Anyways.
• 3:19
  Next one is measuring market sentiment.
• 3:22
  The net unrealized profit and loss metric quantifies the
• 3:25
  network's overall profitability, mapping sentiment across phases
• 3:28
  like optimism, belief in euphoria.
• 3:30
  It's similar to the MVRVZ score at derived from realized value
• 3:35
  or investor cost basis. And it looks at the current
• 3:38
  estimated profit or loss for all holders.
• 3:40
  Again, it's not in the Euphoria green stage yet.
• 3:43
  And this metric is, this metric is still lower than levels
• 3:46
  experienced at a previous all time high in March.
• 3:48
  So reason #3 it looks like some more on chain metrics are
• 3:52
  showing us there's still a lot of room to run.
• 3:54
  We have not gotten into the FOMO Euphoria green stage of the
• 3:58
  cycle. And realistically, at least my
• 4:00
  view and me and Nico kind of been joking about this on the
• 4:03
  show like 100 KS here cool, but like we still feel dead inside
• 4:06
  like when are we going to see some crazy price movements here
• 4:10
  all right next one long term holder trend.
• 4:12
  So the percentage of Bitcoin held for over a year represented
• 4:15
  by the one plus year hotter wave remains exceptionally high at
• 4:19
  around 64%, which is still higher than at any other point
• 4:22
  in bitcoin's history prior to the cycle.
• 4:25
  Prior price peaks in 2017 and 2021 saw these values fall to 40
• 4:29
  to 53%, respectively. As long term holders begin to
• 4:33
  realize profits, if something similar happens during this
• 4:36
  cycle, then we still have millions of Bitcoin to be
• 4:38
  transferred to new market participants.
• 4:41
  So as you can see here, you know on the chart, there's still more
• 4:44
  BTC held by longer term holders than at any other point in
• 4:48
  Bitcoin's history prior to the cycle.
• 4:50
  And as the price comes up, you can see that long term holders
• 4:54
  start to distribute the coin. You know, they take some
• 4:56
  profits, a new entrance in the Bitcoin market, start to scoop
• 4:58
  up that Bitcoin. We're still at basically all
• 5:01
  time high in that regard. So reason #4 we haven't seen the
• 5:05
  distribution of coins. People that understand Bitcoin
• 5:08
  that are holding Bitcoin are still holding that Bitcoin
• 5:11
  because it hasn't hit their, you know, psychological price
• 5:13
  targets. So next one guys, we're, we're,
• 5:16
  we're still cooking. We're still cooking is long term
• 5:19
  holder supply. The long term holders are still
• 5:21
  yet to realize substantial profits, which is what I just
• 5:24
  said. People that have been in
• 5:25
  Bitcoin, you know, the whales, etcetera, long term holders,
• 5:28
  they're still holding their Bitcoin.
• 5:30
  They, they, they're not feeling the euphoria, the greed, the
• 5:32
  FOMO yet. So 100K where it looks like we
• 5:36
  might be about, we might break 100K on today's show.
• 5:38
  And it's, we're not even close there.
• 5:41
  And of course, you know, it's tracking some smart money.
• 5:44
  People aren't selling the coins. People are still huddling guys.
• 5:46
  So 1 meme. I know you guys are yelling at
• 5:49
  me because it's Friday and we're not putting up the memes, but I,
• 5:52
  I thought I had to, I thought I had to slip this one in for you
• 5:55
  guys. Shouts out to Bitcoin Isaiah and
• 5:57
  he goes, you know what's crazy? This is only the 1st, 1st
• 6:00
  monthly candle since the breakout.
• 6:02
  And after the breakouts, you usually have 11 months of
• 6:05
  pumping. Are you ready for 11 months?
• 6:07
  So in 2017, eleven month candles until the top, 2021 eleven month
• 6:12
  candles until the top. So guys, mentally prepare
• 6:14
  yourself. Are you ready for 11 more?
• 6:17
  Well, rather, I guess 10 more months of pumping like we've
• 6:20
  seen this last month. I don't know about you, but I'm
• 6:23
  feeling I'm starting to feel bullish, Nico.
• 6:25
  I'm starting to get the tingles. I'm starting to be like, OK,
• 6:28
  man, this is what we've been waiting for.
• 6:30
  It's finally happened. You know, actually a little
• 6:33
  quick story before I pass it over.
• 6:35
  I was hanging out with my my buddy Alex from Kaboom racks
• 6:37
  over the weekend. There was a blockchain summit in
• 6:40
  Texas and we were we were kind of trolling, you know, we we
• 6:44
  know the meme of stay humble, stack sad, stay solvent.
• 6:47
  But at what point do we just go super toxic?
• 6:50
  Give me, like I told you so, I've been telling you so for a
• 6:53
  while and I don't think I'm there yet personally, but I'm
• 6:57
  starting to get the itch to be like, look, guys, friends,
• 6:59
  family, loved ones. I've been telling you this for
• 7:02
  what now 7, maybe eight years? You thought I was stupid.
• 7:07
  Now I'm in the green and it's going past six figures.
• 7:10
  I've been telling you we're going to get to this point.
• 7:12
  So hey, you know, I'm, I'm trying to keep it mellow.
• 7:15
  I've been saying that once the price starts running, I'm I'm
• 7:17
  going to be obnoxiously bullish on the show.
• 7:20
  I think once we break 100K is when that's going to come out.
• 7:23
  But I will be saying I told you so a little more than usual and
• 7:27
  I'm not going to feel ashamed about it.
• 7:29
  Anyways, George, you know, you're working at Bitcoin Mag,
• 7:32
  so let's not talk about the article per SE, but you've been
• 7:36
  in Bitcoin for a while. So you know what, what do you
• 7:39
  say to all the naysayers out there that saying like, oh,
• 7:41
  we're going to top out 100K? Like what's your thoughts when
• 7:44
  you hear that, considering you've been in Bitcoin for so
• 7:46
  long? Yeah, I mean, look, it's it's
• 7:50
  it's like you said, it's really hard to not say I told you so at
• 7:53
  this point, you know, it's the what is it?
• 7:56
  Jay-Z songs? Like what more can, what more
• 7:58
  can I say? Honestly, I've been, I've been
• 7:59
  out here posting about this for years.
• 8:03
  And like, if you would have just listened to me, you know, you'd
• 8:06
  have a lot more money than you do right now.
• 8:07
  So there is a balance between trying to be humble and not
• 8:12
  wanting to say I told you so. But also, you know, it's, it's
• 8:16
  nice to be to be right. And so right now there's a lot
• 8:18
  of vindication. I feel like we should, we
• 8:20
  deserve the, the victory lap a little bit.
• 8:22
  So, you know, 11 kind of specific victory lap that
• 8:26
  Bitcoiners are enjoying right now.
• 8:28
  Is anyone who kept their laser eyes on for the last three
• 8:31
  years, right? Remember this, this hashtag that
• 8:33
  we started? We love our our profile pic
• 8:36
  campaigns in Bitcoin, but I've had my laser eyes on for three
• 8:40
  years and I'm excited to take them off right.
• 8:43
  It hopefully like, you know, within the stream when we hit
• 8:46
  100K. So I think there's a lot to be
• 8:49
  excited about. What a what a time to be alive
• 8:51
  and the bull runs, obviously just getting started.
• 8:54
  So anyone who says this is the top is just not paying
• 8:56
  attention. We're clearly going to 250 and
• 8:59
  beyond. And you know, this is this is
• 9:03
  the start. This is this is the time to have
• 9:04
  fun. This is what we sit in the
• 9:05
  trenches for three years in a in a bear market, feeling poor for,
• 9:09
  for like we this is this is our time.
• 9:12
  So it's OK to be excited. It's OK to be happy.
• 9:14
  It's OK to celebrate. 100%. Let's go. 100% agree with
• 9:18
  George. You know, this is my some of my
• 9:21
  third bowl phase in my Bitcoin career, if you call it that.
• 9:27
  I guess time being in Bitcoin and you know, it took me about 6
• 9:31
  1/2 seven years to orange pill my father-in-law and I finally
• 9:36
  got convinced him and he not only started buying Bitcoin, but
• 9:40
  he started understanding the properties of Bitcoin.
• 9:44
  And you know, he, he call I, I've been, we've been talking
• 9:47
  almost on a daily basis and I remember him calling me, I think
• 9:50
  it was like 2 days ago and I picked up the phone and I didn't
• 9:55
  say hello. I didn't say anything.
• 9:56
  I just said, I told you so. And he said, I know, and he just
• 10:00
  started shaking his head and he was super happy, you know, he
• 10:03
  was happy, he was getting it. He understood.
• 10:06
  And you know, I'm, I'm starting to get these messages from
• 10:09
  friends and family and obviously it feels good.
• 10:12
  It's a it's a bit of a vindication.
• 10:14
  And if you guys, if this is your first cycle, you're going to
• 10:17
  experience that, that, that vindication because most people
• 10:20
  get in in the run up of a bull market.
• 10:24
  So they get kind of wrecked a little bit and then, you know,
• 10:27
  you have to kind of pay your price of tuition and go through
• 10:29
  the trenches of the bear market and stuff.
• 10:32
  And that's really where, you know, you you kind of grow a
• 10:34
  background backbone and you get close to the community and you
• 10:38
  start kind of building these connections with other
• 10:40
  Bitcoiners. But you know, this is the
• 10:42
  payoff, right? You know the famous meme in
• 10:45
  Bitcoin, 3 green, one red, right?
• 10:47
  Three years of green and then one year of red, which is a bear
• 10:51
  market. This is the final year. 2025 is
• 10:54
  going to be the final year of that mania of that mania phase
• 10:57
  if Bitcoin follows its historic cycles at I mean, and it is like
• 11:02
  if you look at where Bitcoin is right now compared to 2021 and
• 11:06
  2017, it's exactly where it should be.
• 11:08
  So I don't see why it would deviate.
• 11:11
  But you know what, this time could be different.
• 11:12
  I've I've also heard that the last three cycles.
• 11:17
  So yeah, this is great. This is great.
• 11:19
  Enjoy it, soak it in, you know, it's a, it's great time to be
• 11:22
  alive. And also, you know, if you would
• 11:24
  have told me back in 2016, you know, I remember the first
• 11:29
  Bitcoin that I bought was like 6 or $700.00 and you would have
• 11:33
  told me, you know, Nico is going to reach 100K.
• 11:37
  You know, I, I would not have believed you.
• 11:39
  I would have been like, no, that's, that's crazy.
• 11:41
  So, you know, this is a time that we've all kind of been
• 11:44
  expecting and been waiting for for so long and you know, it's
• 11:49
  finally like around the corner. Essentially.
• 11:51
  I'm looking at the price ticker right now.
• 11:53
  We're at 99,215 dollars, $800 away from, you know, 6 figure
• 12:00
  Bitcoin, which is just absolutely bonkers.
• 12:03
  And I do agree with you Opti as well.
• 12:05
  One last thing I'll say. I tweeted it out a couple days
• 12:08
  ago and I got like 2000 likes. So it clearly resonated with a
• 12:11
  lot of people, but I basically said that if we break 100K in
• 12:15
  2024 and it looks like we're on the verge of doing that, I would
• 12:20
  be very, very surprised if we didn't, you know, go past 150 to
• 12:27
  $200,000, which is what the general consensus is right now.
• 12:31
  Like bitcoins going to reach 120, a hundred, 5200 K.
• 12:35
  And then, you know, pack it up, wrap it up.
• 12:37
  Law of big numbers, party's over.
• 12:40
  I don't see that being the case. This is very, very bullish price
• 12:44
  action. I think we were up like 3040% in
• 12:48
  a matter of months. So even with these large numbers
• 12:52
  that we're in, it still seems like bitcoins volatility is
• 12:56
  alive and well. And I think volatility is a good
• 12:59
  thing, especially, you know, if, if, if you're holding Bitcoin,
• 13:02
  in my opinion. Yeah, totally.
• 13:05
  And look, I mean, I've been saying roughly 250 to 300 K for
• 13:10
  like the majority of this year and that.
• 13:13
  That was when Bitcoin was. At like 30 K and now like 300K
• 13:19
  seems like it that seems bearish to me in this next cycle.
• 13:23
  You know, like not not to compare it with the micro
• 13:26
  strategy stock here, but they did a 5X this year and you know,
• 13:29
  Bitcoin did like a 1X and it does feel like things have
• 13:33
  changed this time around. And so, you know, a 5X doesn't
• 13:37
  seem that ridiculous now. And that's half $1,000,000 for
• 13:41
  corn. Obviously we are kind of, you
• 13:43
  know, speculating what we're feeling, the exuberance on the
• 13:46
  show today, considering that we might, yeah, we might, you know,
• 13:49
  we might break 100K live on the show today.
• 13:52
  But I don't know, man. It, it does feel like a lot of
• 13:54
  us Bitcoiners still have the PTSD from 2021.
• 13:58
  And I think it's going to blow past our expectations.
• 14:01
  Obviously we want to stay humble.
• 14:03
  We don't know where the price is going.
• 14:04
  Don't over leverage yourself, guys.
• 14:06
  You know, stay solving all that good stuff.
• 14:08
  Use leverage at all. Well, I mean, I mean over
• 14:11
  leverage literally by not like just taking debt out to buy
• 14:13
  Bitcoin, you know, like don't. Do that just.
• 14:15
  Yeah, just stay humble. Tax ads.
• 14:17
  Buy Bitcoin. You'll be good.
• 14:19
  You'll be good. Did.
• 14:20
  You take out leverage. No, dude, I am.
• 14:23
  I am I don't take out any leverage guys, I'm a spot
• 14:29
  Bitcoin maxi here. I just you know, I live within
• 14:32
  my means and I buy Bitcoin. This is the way that this is the
• 14:34
  winning strategy for every single one of us.
• 14:36
  It's this is how we got out of, you know, debt slavery here,
• 14:40
  Nika. So that's what I recommend.
• 14:41
  You know, I, I'm, I'm all right. Let's keep it a moment.
• 14:45
  You're putting me on the spot here.
• 14:46
  Let's let's. Keep it moving.
• 14:49
  Wait, wait, wait, wait, wait. To be clear, let me mute these
• 14:53
  guys to be clear, I did not take out leverage guys.
• 14:56
  I I only hold spot Bitcoin. I don't even hold stocks.
• 14:59
  Guys, I don't even hold master like I don't hold micro
• 15:02
  strategy. I'm I'm just a bitcoiner.
• 15:08
  No, no, full stop. Full stop.
• 15:10
  No, guys listen, I think I do think you know, this time is
• 15:13
  different. It's kind of become a meme.
• 15:14
  But what is unique about right now and what I will say is this
• 15:19
  time is different. We've said that in the past, but
• 15:21
  we haven't really had any like ground to stand on when we say
• 15:24
  that we just like because bitcoiners when you come to a
• 15:27
  place and you like start understanding what's actually
• 15:29
  happening, right, only scarce asset ever created right, 21
• 15:34
  million not controlled by like you start getting some of these
• 15:37
  things, you start understanding that this is unique.
• 15:40
  It's easy to jump to this time is different like enough people,
• 15:43
  surely enough people are going to see what I see right?
• 15:46
  This time is actually different. Here's my thesis because number
• 15:50
  one, we have a a Bitcoin friendly administration.
• 15:55
  So game theory is going to start playing out.
• 15:57
  Number two, you have corporate adoption just absolutely taking
• 16:01
  off, right? MicroStrategy to us is massive
• 16:05
  because, you know, again, we kind of have this tunnel vision
• 16:07
  and it's all we it's all we see. Most people don't even know what
• 16:10
  MicroStrategy is. Most people don't know who
• 16:11
  Michael Saylor is. But what happens when Apple and
• 16:15
  Microsoft and Netflix and all these large companies that make
• 16:19
  MicroStrategy look very little in terms of like cash on hand
• 16:22
  start seeing what MicroStrategy is seeing, right?
• 16:24
  Michael Saylor is giving a presentation to the board of
• 16:27
  Microsoft in the coming weeks. So I do think this time is
• 16:30
  actually different in, in that we can back that up with facts
• 16:34
  that are happening in the market.
• 16:36
  And so it's almost like, you know, what happened last cycle
• 16:40
  with FTX and Terra Luna and you know everything that that I
• 16:43
  think kind of short circuited the last bull run.
• 16:46
  It's almost like the inverse of that is beginning to take shape
• 16:49
  in in in this bull run where the most bullish setup that we've
• 16:55
  ever seen is now taking place. So who knows, maybe the meme you
• 17:00
  know is going to become reality. Yeah, totally.
• 17:03
  You never know. It's probably a good idea to get
• 17:05
  some just in case it catches on. Anyways, before we move on to
• 17:07
  the rest of the show, guys, we're at 96 likes on YouTube.
• 17:11
  If you guys are enjoying the show, help us push it forward.
• 17:15
  Smash that like button. There's almost 500 of you guys
• 17:19
  watching live. We still have so much content
• 17:22
  for you guys left up on today's show.
• 17:24
  Opti, what are we going to talk about during the numbers and the
• 17:26
  news? So First off, I do have a great
• 17:30
  clip from a recent Natalie Burnell video of Michael Saylor
• 17:35
  and he I think really sums up the feeling that a lot of us
• 17:39
  Bitcoiners feel before you find Bitcoin.
• 17:41
  This is why all week we've been kind of saying like Bitcoin is a
• 17:43
  cheat code, that until you find Bitcoin, you feel like you're
• 17:47
  stuck in the rat race. And, and even Michael Saylor
• 17:49
  felt that a literal billionaire felt the same thing as every
• 17:51
  single one of us. Second, you know, we have some
• 17:54
  new kind of interesting news coming out of the Trump
• 17:56
  administration in this crypto council.
• 17:58
  So we're going to talk about that.
• 18:00
  And of course, we got George here from Bitcoin magazine and
• 18:03
  they're putting on a great conference in the Middle East.
• 18:06
  So we're going to be talking about all that today.
• 18:08
  It's going to be a great show, man, I'm I'm hyped for this.
• 18:10
  But Nico do the ad. Let's get on with the show.
• 18:13
  Absolutely, guys, stay tuned. We're going to talk to George.
• 18:15
  George is the general manager of Bitcoin Magazine.
• 18:18
  Again, they're throwing an amaze.
• 18:19
  They've thrown amazing conferences this year, Bitcoin
• 18:22
  2024 and Nashville Bitcoin Amsterdam, which was awesome and
• 18:26
  the upcoming conference in Abu Udabi, Bitcoin Mina, which is
• 18:29
  going to be absolutely awesome. And George was telling us before
• 18:32
  we went on air Bitcoin 2025 and I said, George, how are you
• 18:36
  going to? How are you going to up Bitcoin
• 18:38
  2024? And he said, Nico, we're just
• 18:40
  going to do it. So we're going to have
• 18:41
  incredible discussions. But before we jump into it guys,
• 18:44
  I do want to give a very special shout out to simply Bitcoins
• 18:47
  lead sponsor Bitcoin Well Bitcoin well is the best place
• 18:50
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• 18:53
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• 19:02
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  To get started. You can e-mail me at
• 19:36
  nico@bitcoinwell.com or you can check out bitcoinwell.com/OTC.
• 19:42
  Also, every time you buy Bitcoin on Bitcoin Well, you earn
• 19:45
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  towards the Bitcoin Wishing Well contest.
• 19:50
  Seems like there's a little bit of a bug, so we're going to skip
• 19:52
  that today, but we have been giving away sats all week.
• 19:56
  Anyways, guys, let's get to the numbers.
• 19:58
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  And your aunts, your, your grandchildren are expecting you.
• 21:40
  They're expecting like grandpapa was a legend.
• 21:42
  He stacked under 100K Bitcoin. And they look at you and you see
• 21:47
  their eyes and they're like, all right, grandpapa, you're going
• 21:50
  to give me the Bitcoin. And then you look at them and
• 21:52
  you're like, no, I'm sorry, I lost it.
• 21:55
  And they're like, why do you do that, grandpapa?
• 21:56
  And it's like, because I wrote down my seed phrase on paper and
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  they're going to look at you and they're going to say, grandpapa,
• 22:01
  why didn't you get a stamp seed? And then you know you're going
• 22:04
  to look at them. You say, I don't know.
• 22:05
  I then use the simply Bitcoin promo code.
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  se-ed.com store. Anyways, Opti.
• 22:17
  Yeah, all right, that was that was a good that was a good
• 22:19
  twister. Anyways, guys, there's over 2000
• 22:21
  of you guys watching on all of our platforms right now.
• 22:23
  So remember to smash the like button, push us in the algos,
• 22:26
  make sure more people understand what is going on in the Bitcoin
• 22:30
  world. Okay, Of course it's the
• 22:31
  numbers. So we're over here on Clark
• 22:32
  Moodys dashboard and, and man the price.
• 22:35
  It almost feels surreal for surreal seeing this price right
• 22:39
  now $99,220 which means the SAT per dollar AKA how much the
• 22:44
  dollar is worth in Bitcoin, AKA how much Bitcoin you can buy for
• 22:46
  a single dollar is currently at 1008 SAT's guys, we're almost
• 22:52
  under 1000 SAT's per dollar. Wow, it's it's getting crazy out
• 22:55
  here. And the market cap in Bitcoin in
• 22:57
  Fiat terms is $1.96 trillion, guys, we are almost at the $2
• 23:01
  trillion market cap of Bitcoin last cycle.
• 23:04
  So the whole, you know, crypto industry was at 2 trillion.
• 23:07
  Now Bitcoin is almost at 2 trillion by itself.
• 23:10
  Of course, days since all time high zero.
• 23:13
  We're at all time high, guys. So who knows how high this is
• 23:16
  going to go. We are in price discovery mode.
• 23:19
  Last all time high, of course, was 99,500.
• 23:22
  It should break that by today. And yeah, guys, you know it's
• 23:27
  getting crazy out here, all right?
• 23:28
  Anyways, what I wanted to talk about here on today's show is
• 23:33
  something that Nico and I hold very dear to our hearts.
• 23:37
  It's this idea of when you unlock the Bitcoin cheat code
• 23:41
  for yourself, your whole operating system, your whole
• 23:45
  worldview starts to change and you can actually start to put
• 23:49
  your energy towards things that you really want to be doing.
• 23:52
  And you don't feel stuck in the rat race.
• 23:53
  You aren't living paycheck to paycheck.
• 23:55
  Well, you might be living paycheck to paycheck because
• 23:57
  you're stacking so much Bitcoin, but soon enough that will unlock
• 24:01
  you. And the reason I'm bringing this
• 24:04
  one up is because a billionaire like Michael Saylor even felt
• 24:07
  the same thing that you are probably feeling today.
• 24:10
  And humanizing this, this whole technique, this whole blueprint
• 24:13
  of how to succeed in Bitcoin is what we try to show to you guys
• 24:16
  constantly. Because many people come into
• 24:18
  Bitcoin and they still have the like, get rich quick overnight
• 24:21
  scheme. And that's when they kind of get
• 24:23
  lost in the shit coin land. But the real game is
• 24:27
  accumulating Bitcoin. I say it all the time, playing
• 24:29
  Hungry Hippo with Bitcoin unlocks your human potential.
• 24:33
  And here we have sailors saying the exact same.
• 24:36
  When I found Bitcoin I was in despair.
• 24:38
  I had worked for a decade. I had spent 20,000 man years
• 24:44
  attempting to do everything under the sun.
• 24:46
  I could not get ahead and I was the same me.
• 24:51
  I wasn't stupid right? You look at me and say, well,
• 24:55
  this is this is Michael Saylor worked as hard as he could for a
• 24:58
  decade and could not get ahead, right.
• 25:01
  And the most pernicious thing you can do to someone is you
• 25:05
  make them think that they're just not smart enough.
• 25:07
  And the reason they're failing is because they're not smart and
• 25:10
  they don't work hard enough. And then you realize now the
• 25:13
  system is rigged against you. When I found Bitcoin.
• 25:17
  Double down on that last part. The system is rigged against you
• 25:22
  guys. That's why we tell you guys
• 25:24
  constantly the money is broken. And if you're stuck in the Fiat
• 25:28
  system, if that's the only world you know, if you're trying to
• 25:30
  save in dollars, it's damn near impossible to get out of the rat
• 25:34
  race. But once you start saving in
• 25:36
  Bitcoin, once you start saving in a better money, it really
• 25:39
  opens up a whole new opportunity.
• 25:41
  This is why we have our friend CK that always says, once you
• 25:44
  switch your mind to the Bitcoin operating system, you really
• 25:47
  start to see, you know, blue skies, green fields.
• 25:50
  You really start to see that there's a whole new opportunity
• 25:53
  that you never saw before. And it really just starts with
• 25:56
  accumulating Bitcoin. And while Sailor was talking,
• 25:58
  I'm, I'm going to butcher the meme, but what's the, there's,
• 26:01
  there's a classic heuristic in saying like, if you teach a fish
• 26:05
  how to climb a tree, it will always think it's stupid.
• 26:08
  And like, I think, I think that's what a lot of people feel
• 26:10
  in the Fiat system. And This is why we come out here
• 26:14
  every single day on simply Bitcoin and try to get as many
• 26:16
  people to start saving in Bitcoin.
• 26:18
  Because it's not that you, you know, you're, you're just broke
• 26:22
  and you're poor and you're stupid that you can't maintain
• 26:26
  and succeed in the Fiat system. It's just that you're not close
• 26:29
  to the money printer. The money is broken and you need
• 26:32
  to find a better money. And all you really need to do is
• 26:35
  just start saving in Bitcoin. We always say the same thing on
• 26:38
  the show is why do we all have to turn into investors just to
• 26:42
  survive, just to maintain? And now you don't have to.
• 26:45
  It's so simple that it seems complicated for most people that
• 26:48
  all you literally need to do is, you know, work your job, make
• 26:52
  sure you live within your means, saving Bitcoin and continue to
• 26:56
  do this process and over, you know, a span of four to eight
• 26:59
  years. Your whole life is going to
• 27:01
  change. And Nico and I, and I'm sure
• 27:03
  George as well, we can all attest to this personally.
• 27:06
  Our lives have fundamentally changed, not just because we
• 27:09
  started stacking stats, but because we've continued to
• 27:12
  double down on that process. And when you look back, you're
• 27:15
  like, Oh my God, man. I am so happy I became a
• 27:18
  Bitcoiner. I'm so happy I doubled down on
• 27:20
  my Bitcoin holdings. I'm so glad I continued to stack
• 27:23
  through the bear market. And once you do that, this is
• 27:26
  when you get to enjoy moments like today when we are kissing
• 27:30
  100K. This is what you did all that
• 27:33
  hard work for. You have changed the course and
• 27:36
  the the total trajectory of your bloodline because you've stacked
• 27:40
  your Bitcoin and you held on to that Bitcoin and now you get to
• 27:43
  live off the fruits of your labor, which is saved in
• 27:46
  Bitcoin. Anyways, I'm going to pass it to
• 27:47
  George 'cause I mean, look, I know Nico's a new father, you
• 27:52
  have a son, and I'm sure you're trying to teach your kid this
• 27:56
  very simple process of like, dude, just stack Sats and trust
• 27:59
  me, it's going to improve your life.
• 28:01
  No, absolutely. Yeah, I do.
• 28:03
  I have a 16 year old son, a 14 year old daughter.
• 28:06
  And I think, you know, to echo what you said, Bitcoin has
• 28:09
  absolutely like fundamentally changed my approach to
• 28:12
  parenting. My wife and I very much parent
• 28:16
  our children through the lens of, you know, a reality that we
• 28:19
  want to see in the world, which is, you know, sound money.
• 28:23
  I wrote a book about this. So thank you for the set up to,
• 28:25
  to plug my book. It's called I am not your bra 21
• 28:27
  keys to sound parenting. And in this basically, we, we
• 28:31
  explore all of the different tools that that we've used
• 28:34
  throughout the last, you know, 16 years of, of parenting.
• 28:37
  And it's, it's really, I wrote the book kind of through the
• 28:40
  lens of a buy a bitcoiner for Bitcoiners, because, you know, I
• 28:45
  work at a media company. Obviously we, we cover the news
• 28:47
  of Bitcoin. We talk about all of the, the
• 28:49
  cypherpunk ideals. But, but part of my vision for
• 28:53
  sort of where I want to see Bitcoin magazine go is to, to
• 28:56
  also speak to Bitcoiners through the lens of lifestyle culture,
• 29:00
  like things that are relevant to them just outside of the
• 29:02
  technology itself and parenting. I think it's top of mind, right?
• 29:05
  Like, I think intentionally raising children is probably the
• 29:10
  lowest time preference thing that you can do if you think
• 29:13
  about it. Like if we actually believe in
• 29:15
  this vision of a better world, well, what's that?
• 29:17
  What's the best way to practically implement that?
• 29:20
  And the answer to that, in my opinion, is through children
• 29:23
  through the next generation. So we need Bitcoiners to take
• 29:26
  this seriously, in my opinion. Like we need to, to actually
• 29:30
  raise up children who think like us.
• 29:32
  We need to propagate our ideals. We need to continue these
• 29:36
  narratives that there is hope in the world.
• 29:39
  And you know, for me, I I think to kind of go back to like this,
• 29:43
  the sailor clip too. Realizing that the system is
• 29:47
  stacked against you is some of the most like motivating moments
• 29:50
  that you can have in your life. I used to work in the mortgage
• 29:54
  business. 2008 front row seats, the great financial crisis, you
• 29:58
  know, too big to fail all like the the first time we were ever
• 30:01
  exposed to like big bailouts and things like that.
• 30:04
  And you know, I'm sitting there with my mortgage clients and
• 30:07
  they're not getting the same treatment as these big banks who
• 30:12
  like they messed up, right? They, they ruined the economy.
• 30:15
  My mortgage clients are getting declined when they are, you
• 30:18
  know, by all accounts qualified for, for loans.
• 30:21
  Meanwhile, these banks are getting bailed out and getting
• 30:23
  the government to, to, to give them a handout.
• 30:26
  All of this is happening. There was a moment during that
• 30:29
  that time period where, you know, I don't know if you
• 30:31
  remember, like all the banks were failing.
• 30:33
  It was a new bank every day that was going belly up.
• 30:37
  I was in Seattle at the time. There was a regional bank called
• 30:39
  Washington Mutual that, you know, the rumor mill was was
• 30:42
  starting to percolate about. They were going to be acquired
• 30:45
  by one of the big banks. JP Morgan Chase was going to buy
• 30:48
  Washington Mutual, right? Stock starts like pumping.
• 30:51
  I'm again, you know, it's not like insider trading.
• 30:53
  It's all it's all public information.
• 30:54
  But I'm like, OK, this thing's going to RIP.
• 30:57
  So I felt like I was equipped with all the right information
• 30:59
  to make, you know, these sound investment decisions aped into
• 31:02
  Washington Mutual stock thinking, OK, this big
• 31:05
  acquisition, JP Morgan, the stock's going to go up.
• 31:08
  What happened in the hours that would follow is the
• 31:12
  clarification that, you know, JP Morgan wasn't actually acquiring
• 31:16
  Washington Mutual. That would be, too.
• 31:17
  That would make too much sense. What was happening was the FDIC
• 31:20
  was going to shut down Washington Mutual and then flip
• 31:25
  it on the same day to JP Morgan Chase for pennies on the dollar.
• 31:29
  What does that mean for shareholders?
• 31:30
  They get completely wiped out. And so, you know, I, I put a
• 31:33
  decent amount of money at that time for, for me and like my
• 31:37
  family into this bet. Probably irresponsible,
• 31:40
  whatever. But the point is the, the
• 31:44
  feeling of being rugged like that where you're like, look, I
• 31:46
  did all the things right. The idea of a stock is you make
• 31:49
  bets, right? You're it's it is kind of
• 31:51
  sophisticated legal gambling at some level and to to get
• 31:56
  completely wiped out because some bureaucrat decided now this
• 31:59
  is how we're actually going to do it was a big like turning
• 32:02
  point for me that that I think set me on this path to, to
• 32:05
  really look for solutions to look for like, OK, this ain't
• 32:08
  it. This financial system is clearly
• 32:10
  broken. How do we re emerge from this?
• 32:14
  And you know, eventually around 2/20/17 found my way into
• 32:17
  Bitcoin. So kind of a, you know, a, a, a
• 32:22
  ramble there from from what you asked about family.
• 32:25
  But the reason I point that out is again, just kind of go off
• 32:27
  that sailor clip like the system is rigged against you.
• 32:30
  And what we need to do is take this seriously enough And and
• 32:33
  you know, the price action is exciting.
• 32:35
  The charts are distracting, but at the end of the day, we're
• 32:38
  here because we believe in a better world.
• 32:40
  I love it. And then, you know, George,
• 32:42
  yeah, I was going to say, like, I think that was a great context
• 32:45
  because I, I, I've said this on the show.
• 32:47
  A lot of times, like, you know, humans, we kind of work towards
• 32:50
  two things. It's like you chase, you know,
• 32:53
  chase pleasure and avoid pain. And we're seeing a lot of people
• 32:56
  are feeling that pain. And you have to feel that pain
• 32:58
  to start to ask yourself, like, what is actually going on and
• 33:01
  can I actually achieve a better life?
• 33:03
  And I think a lot of people are going to feel that pain, or
• 33:06
  rather are already feeling that pain.
• 33:09
  And now they're going to feel like the FOMO of like, wait, all
• 33:11
  I had to do was buy some Bitcoin in my life would have been
• 33:14
  better. Like, why?
• 33:15
  Why am I fighting this? So hopefully we see that trend
• 33:18
  start to change as well. But anyways, Nico, you jump in.
• 33:20
  Yeah, first of all, beautifully, beautifully said by George.
• 33:24
  And I also do want to give a shout out to my sister.
• 33:27
  Beautiful production on the Michael I know.
• 33:29
  I know, I'm glad you brought it up.
• 33:30
  Natalie interview Megan, good job on the shots.
• 33:34
  So anyways, yeah, look, Bitcoin is a cheat code.
• 33:38
  Bitcoin is hope. It really is.
• 33:41
  You know, I, I talk to the people around me just and the
• 33:44
  vast majority of the world is still kind of asleep to this
• 33:49
  reality, right? They're they, they're working,
• 33:52
  it's like they're on a treadmill, right?
• 33:54
  Like they, they're working harder every like they're
• 33:57
  working harder. Their business is growing.
• 34:00
  You know, they're excelling in their job and they're like, wait
• 34:02
  a second. Why?
• 34:04
  Like, why does it feel like I'm in the exact same place or
• 34:07
  behind than I was last year? And the reason for that is
• 34:11
  because they're on a bitcoins, they're on a Fiat standard.
• 34:14
  Like they are literally running in place.
• 34:17
  And you know, if you are to believe the official government
• 34:20
  numbers of, you know, 3-4 percent inflation, ha ha.
• 34:24
  I think realistically it's more like 10%.
• 34:27
  If you are not making 10% more than you were last year, you are
• 34:33
  literally poor. Like you are making less money.
• 34:36
  So this is where Bitcoin kind of comes in as a cheat code because
• 34:40
  if you start to put some of those savings into Bitcoin, all
• 34:44
  of a sudden you have the ability to get ahead.
• 34:46
  I think it was LOP that came up with this quote and I think it's
• 34:49
  excellent, very fitting. It says Bitcoin is not a get
• 34:52
  rich quick scheme. It's a don't get poor scheme,
• 34:56
  right? And I think it's extremely
• 34:59
  fitting. So Bitcoin is hope, Bitcoin is
• 35:01
  superior money. Bitcoin is savings and if you
• 35:05
  really want a chance to get ahead in this rigged system that
• 35:09
  we live in today, if you don't, if you're looking at the
• 35:11
  political system, even with Trump getting elected and
• 35:14
  whatever, like you're looking at it, you're like, this is so
• 35:18
  beyond broken. You have the opportunity to opt
• 35:21
  out and once you opt out and you take back your financial
• 35:25
  sovereignty and you take that Bitcoin into self custody and
• 35:28
  you watch number go up like it's going to give you Peace of Mind
• 35:31
  the likes of which you've never had before.
• 35:34
  And it's it's really going to you're going to reach a point of
• 35:37
  Zen. It's going to be great.
• 35:38
  No matter what's going on in the world around you, you know that
• 35:41
  you and your family are going to be OK because you're saving in
• 35:45
  better money anyways. Guys, we're at 187 likes on
• 35:49
  YouTube, almost 600 live viewers just on YouTube alone. 2000 live
• 35:54
  viewers across all live across all platforms.
• 35:57
  If you guys are enjoying the show, smash that like button on
• 36:00
  YouTube. Help us break 600 live viewers.
• 36:03
  Help us break 200 likes while during the show Anyways guys
• 36:07
  stay tuned. We have tons to talk about Let's
• 36:10
  get to the news. Let's do this special shout out
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• 38:45
  description. I don't know, Niko.
• 38:47
  We're almost at 100 Ki. Think they could they could buy
• 38:49
  me for enough stats at this point.
• 38:51
  I I need more stats. I need more stats.
• 38:53
  No. Anyways, anyways, I'm trolling.
• 38:54
  I'm trolling. All right, guys.
• 38:57
  So we've been covering this all year, you guys, you know, here,
• 39:01
  let me full screen myself. Lo, you guys been yelling at us
• 39:04
  all year about politics landing on Bitcoin's door and how it was
• 39:09
  unavoidable, unavoidable for us to talk about politics.
• 39:12
  Now the election's over and everyone's like, we won, you
• 39:15
  know, cool, finally the election's done.
• 39:18
  You know, Trump got elected. It seems like he's going pro
• 39:21
  Bitcoin and we've been saying all year, like four more years
• 39:24
  of cover for Bitcoin versus the last four years of getting
• 39:27
  wrecked and, you know, getting attacked.
• 39:29
  And yesterday we covered Gary Gensler's leaving and resigning
• 39:32
  right when Trump comes in. And you know, we've been arguing
• 39:35
  all year that this is good for Bitcoin.
• 39:37
  Now we have this other interesting kind of ripple
• 39:40
  playing out right now that apparently the Trump
• 39:44
  administration is going to have, you know, a crypto council.
• 39:47
  There's there's a new role coming out here, you know,
• 39:50
  economic advisor role, a crypto council to advise Trump on, you
• 39:55
  know, all things cryptocurrency. And this article came out on
• 39:58
  Reuters yesterday. And so the headline is
• 40:00
  interesting. We even have a David Bailey
• 40:03
  quote in here. So very interesting stuff
• 40:05
  playing out. I do have a caveat personally,
• 40:07
  but I'll get to that afterwards. So headline here from Reuters,
• 40:10
  crypto industry jockeys for seats at Trump's Promise
• 40:14
  Council. So a slew of crypto companies
• 40:16
  and this is probably where you see my.
• 40:19
  Yeah, this is probably where you see my caveat start to pop out.
• 40:23
  A slew of crypto companies, including Ripple, Kraken and
• 40:26
  Circle are jostling for a seat on president-elect Donald
• 40:29
  Trump's Promise Crypto Advisory Council seeking a say in his
• 40:34
  planned overhaul of the US policy, according to several
• 40:37
  digital asset industry executives.
• 40:39
  It goes on to say, you know, Trump spoke at the Nashville
• 40:42
  conference. And now, of course, more people
• 40:44
  are trying to get into that position.
• 40:46
  We saw that this week. Brian Armstrong of COIN Base had
• 40:50
  a meeting with Trump. And so, you know, it's a good
• 40:53
  thing that we're talking with the Trump administration again.
• 40:57
  I'll, I'll get my caveat at the end after I kind of flush out
• 41:00
  this article. And here we got David Bailey.
• 41:02
  It's being fleshed out, but I anticipate that leading
• 41:05
  executives from America's Bitcoin and crypto firms to be
• 41:08
  represented further. People are eager to advise and
• 41:11
  give input, Bailey said. Now going into this a little
• 41:14
  more and kind of breaking down the actual mechanics of what
• 41:18
  this crypto advisory counts council will be, we got the
• 41:21
  crypto council would likely be housed under the White House
• 41:24
  National Economic Council, which coordinates and implements the
• 41:27
  president's economic policies, or a separate White House
• 41:30
  apparatus, 2 of the people said. It is expected to advise on
• 41:34
  digital asset policy, work with Congress on crypto legislation,
• 41:38
  establish Trump's promise Bitcoin reserve, and coordinate
• 41:41
  between agencies including the SEC and the CFTC and the
• 41:46
  Treasury, they and other executives said.
• 41:48
  And the council may also include enforcement representatives and
• 41:51
  former policymakers. Now, moving forward, the
• 41:54
  industry is pushing for executive orders guaranteeing
• 41:57
  crypto companies access to bitcoins or banking services and
• 42:01
  an end to enforcement actions and other changes.
• 42:04
  And of course, there's some pushback.
• 42:05
  Some consumer groups have warned that the crypto industry should
• 42:08
  not be able to write its own laws, which obviously we take
• 42:11
  the opposite view. And here's a good quote.
• 42:13
  It's absolutely wise, a wise choice to put together a council
• 42:17
  of people who want, you know, understand how both the industry
• 42:20
  ought to be regulated and how to situate the industry to be a
• 42:23
  strategic asset. Now wrapping up, while
• 42:25
  presidential advisory councils are not a new concept, there has
• 42:29
  never been one dedicated to crypto currencies or you know,
• 42:32
  Bitcoin and shitcoins, which did not exist until bitcoins
• 42:34
  launched in 2009. Biden's had multiple councils,
• 42:37
  including on science and technology, which was
• 42:40
  established via executive order in the first month he took
• 42:43
  office. Now, you know, this could be
• 42:45
  something that's done very quickly now just kind of going
• 42:49
  back a little bit, shouts out the pledator because he's been
• 42:52
  running the numbers here. And, you know, we have
• 42:54
  basically, yeah, hold on. We have basically, you know, 8
• 42:58
  out of the nine people who have been added to the Trump cabinet
• 43:03
  are Bitcoiners. So of course, we have President
• 43:05
  Trump, who at the Bitcoin conference got a causatious
• 43:08
  coin, owns one Bitcoin. You know, the pledator kind of
• 43:12
  docks his holdings, but we won't talk about that.
• 43:14
  JD Vance also known. JD Vance also known to hold
• 43:18
  about you know 250 to 500 Ki think the meme was he owns 6.15
• 43:23
  S the vice president owns 6.15 Bitcoin.
• 43:25
  Absolutely incredible. Pete Hegseth says he owns a
• 43:29
  bunch of Bitcoin disclosed to Fox News in 2024.
• 43:32
  We have Mike Waltz who owns up to 100,000 worth of Bitcoin
• 43:35
  according to 2021 disclosure with of course Robert F Kennedy
• 43:40
  junior who did the absolutely incredible speech at Bitcoin
• 43:44
  Nashville 2024 fully a bitcoiner.
• 43:47
  We have Elon Musk, you know, he, he kind of trolled with Doge,
• 43:50
  but we know Tesla and SpaceX have been holding their Bitcoin.
• 43:53
  So Elon Musk a Bitcoin, Vivek Ramaswami as well, also very pro
• 43:57
  Bitcoin, talking favorably about Bitcoin in the industry.
• 44:00
  And you know, Tulsi Gabbard, she's got some chick coins.
• 44:04
  And then of course, Howard Leutnick, who is commerce
• 44:06
  secretary, who is Cantor Fitzgerald Tethers Bank, you
• 44:11
  know, buying $100 million of Bitcoin.
• 44:13
  So I think this is a very interesting development that
• 44:16
  we're seeing, especially considering, you know, Bitcoin
• 44:19
  and this year, I I would argue this year in specifically has
• 44:23
  entered into the mainstream consciousness.
• 44:25
  And ever since Larry Fink dropped the ETF, like we're like
• 44:28
  a mature asset, like we're a real movement here.
• 44:31
  They have to take us seriously. And I find it interesting that
• 44:35
  there is push back to, you know, a crypto Advisory Council with
• 44:39
  experts in it versus, you know, what we've been dealing with the
• 44:42
  last four years, like Gary Genser's resigning.
• 44:44
  He taught at MIT coerce on Bitcoin and blockchain.
• 44:47
  And he was like, he was like the worst thing for Bitcoin.
• 44:50
  It it was very interesting to see who we actually worked for.
• 44:53
  So obviously, from my perspective, very, very clearly,
• 44:59
  we need quote UN quote. I, I don't even know if I could
• 45:01
  use it. But Bitcoin experts in those, in
• 45:04
  those roles advising the Trump administration how best to
• 45:08
  interact with the Bitcoin industry and, and the Bitcoin
• 45:11
  network at large. Now, of course, my caveat is, is
• 45:14
  like, you know, Ripple and Circle and it seems like it's
• 45:17
  going a little block chainy. So, you know, how's your block
• 45:21
  chaining going, bro? Cuz that seems where we're
• 45:23
  headed right now. And I'm a little concerned about
• 45:26
  the advice that the Trump administration might get if it's
• 45:29
  coming from a lot of big or block chainers, shit corners out
• 45:33
  there. So it's, I think it's a very
• 45:35
  interesting thing and a new development.
• 45:37
  But I think there, there may be a little bit of concern of the
• 45:40
  Trojan horse of shit coins getting into this crypto
• 45:43
  advisory role. But hey, we'll see how this
• 45:46
  plays out, You know, January 20. So two months from now, we'll
• 45:49
  see who actually is in those roles and what they're talking
• 45:52
  about. So for the time being, I will be
• 45:54
  hopeful. Obviously, I'm, I'm not going to
• 45:57
  be too pessimistic and cynical about it, but I think this is
• 46:00
  great developments in regards to the Bitcoin industry at large.
• 46:04
  And if Trump and the, you know, Trump administration does follow
• 46:08
  through with the Bitcoin strategic stockpile, the game
• 46:12
  theory that's playing out right now is, is going to make waves
• 46:14
  around the world and every nation is going to have to treat
• 46:18
  Bitcoin good or else, you know, Bitcoiners and Bitcoin is going
• 46:22
  to move to America. If we are the first mover, the
• 46:24
  first, you know, the first first world country to fully embrace
• 46:27
  Bitcoin, it's going to fundamentally change the the
• 46:31
  game that we're playing right now.
• 46:32
  And this is kind of what George were saying earlier, like, This
• 46:34
  is why we all think this time is actually different.
• 46:37
  I know it's a meme and we're like, we have BTSD when it comes
• 46:41
  to that, but this time feels different.
• 46:43
  Anyways, George, you know, one of your coworkers, David Bailey,
• 46:47
  he's being quoted in Reuters about the Crypto Advisory
• 46:50
  Council. So what's your thoughts hearing
• 46:52
  about Trump kind of reaching out to industry experts and at least
• 46:56
  kind of following through on his commitment to be like, yes, we
• 46:59
  are going to make Bitcoin the quote, UN quote crypto capital
• 47:02
  of the world? Yeah, so I mean, I think it's
• 47:05
  extremely bullish and I, you know, I, so listen, I'm a, I'm a
• 47:11
  Bitcoin like only person. I never call myself a maxi.
• 47:15
  I was never really comfortable with that label because I think
• 47:17
  it has a lot of baggage. And I know it's not going to be
• 47:19
  a popular opinion. But the reason is I, I try to be
• 47:23
  more collaborative. And actually this election has
• 47:26
  taught me a lot about this nuance.
• 47:28
  And I'm, I'm trying to encourage people to be Bitcoiners, to be
• 47:31
  crypto. It used to be, so I, I lead a, a
• 47:35
  Bitcoin meet up here in, in Phoenix, AZ.
• 47:37
  And it used to be, you know, people would show up and they,
• 47:40
  they'd be like, oh, cool, you know, Bitcoin, I love Bitcoin.
• 47:44
  What do you think about XRP or whatever?
• 47:46
  And that was an immediate turn off.
• 47:47
  It would be like shut down the conversation, like just totally
• 47:51
  Stonewall them. And then I started realizing
• 47:53
  like that's not very strategic actually for, for our end goals.
• 47:57
  And I'm a, you know, pretty pragmatic person.
• 48:00
  I, I, I like to think about here's where we're headed.
• 48:02
  Here's what we're trying to do in order to get there.
• 48:04
  We need people. And frankly, the crypto people
• 48:08
  are the closest to understanding Bitcoin then or, or I should
• 48:13
  say, are closer to understanding Bitcoin then sort of like non
• 48:16
  crypto people or like normies. And So what I've, what I've
• 48:19
  found, especially with this election cycle is that we're
• 48:24
  more powerful if we sort of at least softly embrace the idea
• 48:29
  that the crypto people are on our side in some ways.
• 48:32
  And so again, I know this is a controversial take, but I want
• 48:35
  to win. And I think that we, we managed
• 48:40
  to, to mobilize and galvanized a group of people who are mostly
• 48:43
  aligned with us. Like we agree with crypto people
• 48:45
  on about 90% of issues, right? We can still disagree on
• 48:50
  technology. We can still disagree on the
• 48:52
  fact that Bitcoin is superior. And I think it's important to
• 48:54
  continue to make the distinction.
• 48:55
  Like Bitcoin is very different. There's Bitcoin and there's
• 48:59
  everything else. I still believe that there's
• 49:01
  Bitcoin and then there's basically gambling and scams.
• 49:04
  That's what we're talking about. And if you're OK with that, then
• 49:07
  you know, like let's team up. Let's be on the let's, let's be
• 49:10
  on the same side so that we can win.
• 49:12
  Do you want to win? That's the question.
• 49:14
  Do you want to win or do you want to continue to be like
• 49:17
  right and purist and gatekeeping 'cause that's what's happening.
• 49:21
  So with this Trump Council, I think it's very bullish, right?
• 49:24
  Like, I think it's too lofty of an expectation for the most
• 49:27
  powerful administration on planet Earth to to, you know,
• 49:32
  adopt exactly what we want them to adopt Now.
• 49:35
  I think we're gaining a lot of influence and I think we should
• 49:37
  continue to lean into that. And I think there's a lot to be
• 49:39
  hopeful and excited for it. I mean, David Bailey, CEO of BCC
• 49:42
  Inc, is in the room. Like, has Trump's ear, has the
• 49:46
  ear of the administration? Like, these are all very
• 49:48
  positive things that we should celebrate and that we should
• 49:50
  lean into. I don't know how else we
• 49:53
  expected things to play out, but like, this was the natural
• 49:55
  progression of where this thing was going.
• 49:58
  Once sophisticated people in administrations that, you know,
• 50:02
  managed billions or trillions of dollars started becoming wise of
• 50:05
  this. Like El Salvador was the first
• 50:07
  domino to drop, and now you have America next.
• 50:10
  I don't know if that was the order of events that I was
• 50:12
  expecting, but like I'm here for it.
• 50:14
  So I I think I think we should, we should lean in more than we
• 50:18
  should be pessimistic or critical or like, and and we
• 50:23
  should try to get our way. Obviously, like I want the most
• 50:25
  like the purest Bitcoiner type, like minded person in these
• 50:30
  these positions of influence, obviously, but it's better than
• 50:34
  not having, you know, I would rather have a crypto council,
• 50:37
  blockchain, whatever then not have that right.
• 50:41
  And then, you know, we should see ourselves as the Trojan
• 50:43
  horse in those conversations, not the other way around.
• 50:46
  So I just, I think like when you really look at what's happening,
• 50:50
  you got to pay attention to what people are doing, not what
• 50:51
  people are saying. When you, when you actually see
• 50:54
  what people are doing, you don't see countries adopting a Solana
• 50:57
  standard. You don't see corporations
• 51:00
  adding Ethereum to their balance sheet, right?
• 51:02
  Like those, those things aren't happening, right?
• 51:04
  What's happening is people are looking at Bitcoin very
• 51:06
  seriously as a actual asset that they can hold.
• 51:11
  And they're, they're going to follow Michael Saylor's lead.
• 51:14
  And so, and they're going to follow Naib Buchelli's lead.
• 51:17
  Like, so that's the reality of what's taking place.
• 51:20
  I think it's it's a lot to be excited about.
• 51:22
  It's not even January 20th yet. None of the stuff has even been
• 51:24
  implemented. Yeah, Solana standard.
• 51:27
  Got me. No, but but Jordan, I, I, I
• 51:31
  totally. Agree.
• 51:32
  I I really like the reframing that you took.
• 51:34
  You know, bit corners are the Trojan horse here.
• 51:36
  And I think, you know, even if it is a blockchain console or
• 51:39
  whatever, like it is a recent and awesome development to see.
• 51:43
  And, you know, maybe in four years we got only Bitcoin Maxis
• 51:46
  in this console. But until then, this is a good
• 51:48
  first step. Anyways, Nico, you're kind of
• 51:51
  the reigning political guy here. So what's your thoughts when you
• 51:53
  hear Crypto Advisory Council is starting to form?
• 51:56
  Yeah, First of all, we hit 600. Live viewers on YouTube.
• 52:01
  If you guys are enjoying the show so far, help us break 300
• 52:05
  likes. We're at 250 likes right now and
• 52:08
  of course shout out to the 2300 of you guys watching live 2400
• 52:13
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• 52:15
  show, make sure to share the show and like the like the
• 52:18
  button really, really helps us push simply Bitcoin on the
• 52:22
  algos. Now in terms of the politics of
• 52:25
  this all, I do have to give a a very, very special shout out to
• 52:29
  David Bailey of of Bitcoin magazine.
• 52:32
  Really kind of moving this forward, getting Trump to speak
• 52:36
  at the Bitcoin conference and essentially the Bitcoiners
• 52:40
  becoming part of the donor class in Washington.
• 52:43
  DCI think that was incredibly important to kind of get our our
• 52:48
  voice in the room. If you're, if you're not in the
• 52:51
  room when the deal is being made, you're going to be
• 52:54
  excluded from the deal. So the Bitcoiners are in the
• 52:59
  rule in the room while these deals are being made.
• 53:02
  Now in terms of this not being pure crypto, I think that's a
• 53:06
  bit naive. And I'm also a libertarian at
• 53:10
  heart and I'm a capitalist. So I think Bitcoin is going to
• 53:13
  win because it has superior incentives.
• 53:15
  It has superior monetary policy, has superior monetary policy
• 53:20
  than everything else. You know, I think George nailed
• 53:22
  it, hit the nail on the head when he said like, dude, like
• 53:25
  you don't see any countries adopting a Solana standard,
• 53:28
  right? So yeah, Bitcoin doesn't need
• 53:31
  these special privileges. We don't want the government in
• 53:35
  the business of picking winners and losers, all as Bitcoiners
• 53:39
  have been wanting for the last 3 1/2 years when the Biden
• 53:43
  administration with their regulatory hostility towards the
• 53:46
  industry, kind of forced our hand a little bit, right?
• 53:50
  And it was like, OK, you know, and we were resisting bringing
• 53:53
  up politics for the longest time.
• 53:55
  I got upset at Opti one time. And then as soon as they
• 53:59
  arrested the samurai wallet developers, I was like, Opti.
• 54:02
  We, we, we're like, we have a show like, we, we, we don't have
• 54:05
  a choice. Like Trump 2024, you know, and
• 54:08
  then of course, he he mentioned freeing Ross.
• 54:10
  And like, you know, and, and I don't think that was going to
• 54:13
  happen if the binding registration didn't force our
• 54:16
  hand. But now that our hand was
• 54:18
  forced, we realize like, look like, you know, if this is the
• 54:22
  separation of money and state, you know, politics by definition
• 54:26
  is the organization of power. What is what, what, how could
• 54:31
  the separation of money and state not be political, right?
• 54:34
  Like by definition, it is political.
• 54:37
  So, you know, this is where we are.
• 54:39
  In hindsight, this was inevitable.
• 54:41
  I'm really glad that Bitcoiners are in the room.
• 54:44
  Of course there's going to be shit coins.
• 54:46
  Of course the crypto industry is going to boom, but so is the
• 54:49
  Bitcoin industry. And at the end of the day,
• 54:52
  everything goes to zero against Bitcoin.
• 54:54
  We don't need any special privileges.
• 54:56
  We don't need any help from the government for Bitcoin to win.
• 54:59
  Bitcoin's going to win on its own.
• 55:01
  And it's a much, much better than what we've been dealing
• 55:05
  with for the last 3 1/2 years where our industry was literally
• 55:09
  persecuted. And there is a lot of us, you
• 55:12
  know, there's a lot of Bitcoin privacy developers that were
• 55:14
  literally jailed for writing open source code while
• 55:18
  simultaneously banks were getting fined for money
• 55:22
  laundering. They're getting fined for the
• 55:24
  same thing that developers were getting jailed for.
• 55:27
  So clearly, there is a double standard.
• 55:29
  I think this is going to change when the Trump administration
• 55:32
  goes into power, when Trump is sworn in January 20th.
• 55:36
  And we do have to hold Trump accountable.
• 55:38
  Is he going to keep his promise to free Ross because he said
• 55:43
  happy birthday, Satoshi free Ross day one, you know, so I
• 55:47
  think he will, but we do have to hold him accountable for the
• 55:50
  promises that he made towards our industry.
• 55:54
  I personally think I might be a little bit biased here.
• 55:57
  I think he's going to keep them, but we shall see.
• 55:59
  Anyways, guys, before we move on to the culture, I do want to
• 56:02
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  get $100 off your ticket. All right everybody, let's get
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  to the culture. We have tons to talk about.
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  video slash podcast description. Anyways, pivoting the
• 58:49
  conversation, I want to take advantage of George being on the
• 58:54
  show today. George is the general manager of
• 58:56
  Bitcoin magazine here at simply Bitcoin.
• 58:58
  We've always been friends with with Bitcoin magazine with we've
• 59:02
  done a ton of collabs together in the past.
• 59:05
  Love what you guys are doing. You guys throw some of the best
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  conferences, I would say the best conference in the world.
• 59:12
  And of course that is the, the, what I call the Super Bowl
• 59:15
  weekend of Bitcoin, the Bitcoin you guys just call it Bitcoin,
• 59:19
  right? The Bitcoin 24, the Bitcoin 2025
• 59:22
  conference differences, and they're absolutely incredible.
• 59:25
  What you guys are doing with the news desk, what you guys do with
• 59:29
  the production. You guys had the election night
• 59:31
  coverage that was privileged to be a part of, which was
• 59:34
  absolutely fun and incredible too, man.
• 59:37
  You guys throw some of the best events and of course your media
• 59:40
  game and your Twitter game is amazing as well.
• 59:43
  So we're honored to have George join us on the show.
• 59:45
  And I do want to talk about the upcoming Bitcoin MENA
• 59:49
  conference. This is the first time you guys
• 59:51
  are throwing a conference in the Middle East and David Bailey has
• 59:54
  been hinting towards perhaps some Middle Eastern country.
• 59:59
  I don't know of how much I could say potentially focusing on
• 1:00:03
  Bitcoin, potentially putting some of their treasury in
• 1:00:06
  Bitcoin or? Potentially getting into the
• 1:00:08
  Bitcoin mining game. So I think the Middle East is a
• 1:00:11
  perfect. It's it's synergistic with
• 1:00:14
  Bitcoin because it's an energy hub and Bitcoin miners love,
• 1:00:18
  love cheap stranded energy. So George, can you tell us a
• 1:00:22
  little bit about this upcoming Bitcoin media conference?
• 1:00:27
  Yeah, no, absolutely. It's it's what, two weeks away
• 1:00:30
  now? I ship out December 4th.
• 1:00:33
  Super excited to, to get out to Abu Dhabi.
• 1:00:36
  If you haven't bought your tickets or your flights, there's
• 1:00:38
  still time. There's still time to FOMO in
• 1:00:40
  and, and listen, this is what people do.
• 1:00:42
  Like I've been in the events game for long enough. 30 days
• 1:00:44
  out, people FOMO in, especially when price pumps.
• 1:00:48
  And then 14 days out, people FOMO in even harder.
• 1:00:51
  And then like 5 days out, people are like, OK, I should probably
• 1:00:53
  go to this. This is pretty ridiculous.
• 1:00:55
  How have I not done this yet? So don't be that person that's
• 1:00:58
  waiting until the last minute, but I'm pumped.
• 1:01:01
  There's a lot of great speakers. Eric Trump, I think one of the,
• 1:01:04
  one of the keynotes we got CZ speaking, which is super
• 1:01:08
  interesting. And I know again, you know, he
• 1:01:11
  used to run finance, went to prison for like 4 months.
• 1:01:13
  Now he's out not affiliated with finance anymore, but I think
• 1:01:17
  he's going to have some really interesting things to say.
• 1:01:18
  This is his first public engagement since that, you know,
• 1:01:21
  that whole saga. And then, yeah, all of the
• 1:01:25
  teasers coming from DB, you know, you, you, you love to see
• 1:01:27
  it. He's someone who's got his ear
• 1:01:28
  close to the ground and, and is having a lot of conversations
• 1:01:31
  with high level people across the, you know, the world really.
• 1:01:35
  And, and So what a perfect time to make an announcement right
• 1:01:39
  before Trump is inaugurated. If I'm a country, if I'm a
• 1:01:43
  sovereign wealth fund and I see that Trump is promising a
• 1:01:46
  strategic Bitcoin reserve in a month and I'm in the Middle East
• 1:01:51
  that I got all this oil money. What you know, what better time
• 1:01:53
  to announce that I'm going to, I'm going to make a move than
• 1:01:56
  this conference. And so that, you know, I, I was
• 1:01:59
  personally, I was born in Egypt. I'm excited to get out to the
• 1:02:01
  Middle East. I know how my people roll and
• 1:02:05
  they like drama. They like, they like to, to
• 1:02:08
  make, you know, a big deal out of things that they're they're
• 1:02:10
  about to jump into at first. So, you know, look, look for
• 1:02:14
  some fireworks. I think it's going to be
• 1:02:15
  exciting. So the perfect setup going into
• 1:02:18
  this. Also, Speaking of culture, we're
• 1:02:21
  hosting a the first ever bit Ball event as a side event in
• 1:02:26
  Abu Dhabi on the second day. Bit Ball is going to be a flag
• 1:02:28
  football exhibition game between NFL legends.
• 1:02:32
  People like Antonio Brown are going to be there.
• 1:02:35
  Dez Bryant, Le'veon Bell. It's hosted by Russell O Kuhn,
• 1:02:40
  who's the first professional athlete to get paid in Bitcoin.
• 1:02:43
  He just launched this league and is partnering with the MENA
• 1:02:46
  Conference to basically just provide, you know, some some fun
• 1:02:49
  entertainment. All the players are being paid
• 1:02:51
  in Bitcoin. So big part of his story again,
• 1:02:54
  obviously he he took the risk, took the gamble four years ago,
• 1:02:57
  infamous pay me in Bitcoin tweet and you know, got got a lot of
• 1:03:02
  people to hate on him after that, but he's got the last
• 1:03:06
  laugh. So now he's trying to take that
• 1:03:09
  message to people in his sphere of influence.
• 1:03:13
  And I'm really excited to kind of see how this progresses.
• 1:03:16
  We're planning on doubling down on this event in Vegas as well.
• 1:03:19
  Vegas is happening in May, by the way, I really appreciate,
• 1:03:23
  Nico, the fact that you recognize the, the, the naming
• 1:03:26
  convention of our flagship event, Bitcoin 2025.
• 1:03:29
  A lot of people will call it based on like the, the city that
• 1:03:32
  it's in. For the longest time we were
• 1:03:34
  called Bitcoin Miami and it was just like not, not great.
• 1:03:38
  It's it's Bitcoin 2025. It's coming up.
• 1:03:40
  It's in, it's in Las Vegas. That's the, that's where the
• 1:03:42
  venue is. Is that the Venetian?
• 1:03:43
  It's going to be a good time. But yeah, Bitcoin MENA Abu
• 1:03:48
  Dhabi, the week of the F1 race, which I don't know if there's
• 1:03:51
  any F1 fans out there, but I've recently gotten into F1.
• 1:03:55
  It's the final race of the year on December 8th and 9th. 8th is
• 1:04:01
  the is the Grand Prix, 9th is the is the conference.
• 1:04:03
  So we'll be out there for for the race as well.
• 1:04:06
  And then bit ball on on the 10th.
• 1:04:07
  So a lot of great events happening that week.
• 1:04:11
  I have a quick question. Before you move on, is is big.
• 1:04:13
  Ball gonna be streamed. Can people watch this on on the
• 1:04:16
  stream or is it a lot in person event?
• 1:04:19
  Yeah, we are. We're definitely trying to
• 1:04:21
  record. It we're working out the, the
• 1:04:22
  streaming details, we, we hope to be able to stream it on
• 1:04:25
  Bitcoin magazine. We're trying to figure out the,
• 1:04:27
  the nuances of like the time zone and like what time it'll
• 1:04:29
  actually be. It's gonna be 7:00 PM over
• 1:04:31
  there. So it's gonna be like early,
• 1:04:32
  early morning I think here so but people have an opportunity
• 1:04:35
  to watch it on our channels, whether it's a live or recorded
• 1:04:38
  still, still TBD. Hell yeah, guys, go to.
• 1:04:42
  B dot TC slash conference to get your tickets now for Bitcoin
• 1:04:47
  Mina, that's coming up in December of this year, December
• 1:04:50
  through the 10th. But I also want to talk about
• 1:04:53
  Opti, if you could pull that up. Bitcoin 2025.
• 1:04:57
  Now I was telling George before we went on air, I said, man, the
• 1:05:02
  Bitcoin 2024 conference really reminded me of the Bitcoin 2021
• 1:05:07
  conference. The first time Bitcoin Magazine
• 1:05:09
  threw a conference in Miami in terms of a historical milestone.
• 1:05:14
  Why? Because the Bitcoin 2021
• 1:05:16
  conference was the conference that Naimbu Kelly announced that
• 1:05:19
  Bitcoin was becoming legal tender in El Salvador.
• 1:05:22
  That was also the legendary kind of panel slash interview between
• 1:05:28
  Max Kaiser and Michael Saylor where Max Kaiser goes on stage
• 1:05:33
  and he just kept saying F Elon, F Elon, which was absolutely
• 1:05:37
  hilarious. I was quoted by mainstream
• 1:05:40
  media. That was the first time I spoke
• 1:05:42
  at a Bitcoin conference, and I was on the mainstage, and I
• 1:05:45
  said, if you're against Bitcoin, you're against freedom, as
• 1:05:47
  quoted in the Financial Times. So it really meant a lot to me.
• 1:05:50
  But from a historical perspective, that legal tender
• 1:05:54
  announcement was bonkers. And the Bitcoin 2024 conference
• 1:05:58
  gave me those same vibes with the historic speech of not only
• 1:06:03
  RFK Junior, but also of Donald J Trump, which was just elected to
• 1:06:09
  become the president of the United States starting January
• 1:06:12
  20th, 2025. And I was telling George, I
• 1:06:16
  said, man, like, how are you going to one up this bro?
• 1:06:19
  And he said, Nico looked at me dead in the eye.
• 1:06:21
  Of course, through restream, he said, oh, we're going to one up
• 1:06:23
  this baby. I don't know if I could say how
• 1:06:25
  they're going to do it. But George, well, I mean, saying
• 1:06:29
  it is all yours. Listen, we can't.
• 1:06:30
  We can't make any promises. But the way you.
• 1:06:32
  Wind up having a presidential candidate is you have a sitting
• 1:06:34
  president attend the next event. So that's definitely our our
• 1:06:37
  desire and our goal. It's not obviously this is not
• 1:06:39
  confirmed yet, but know that we're we're going hard after
• 1:06:42
  that that that goal as well as people in his administration.
• 1:06:45
  So I think Vegas is going to one up Bitcoin 2024.
• 1:06:51
  So so yeah, definitely come out May it's at the Venetian.
• 1:06:55
  It's going to be a good time and expect there to be, you know,
• 1:06:59
  who knows what Bitcoin price is going to be in May of 202025,
• 1:07:02
  but expect, you know, 20, maybe 30,000 people.
• 1:07:07
  It's definitely going to be our biggest event.
• 1:07:09
  The way tickets are moving right now is is pretty ridiculous this
• 1:07:12
  early, but you know, people are people are getting wise to this
• 1:07:15
  idea of not fumbling in at the last minute because they
• 1:07:18
  recognize that we increase ticket prices.
• 1:07:20
  I think ticket prices are going up again next week.
• 1:07:22
  So definitely a good time to secure your your your pass to
• 1:07:26
  Vegas and lock up a hotel because those are going to go
• 1:07:29
  quick and you want to be as close to the action as possible.
• 1:07:32
  Ticket prices increase in. 9. Hours 9 hours 9 hours I.
• 1:07:37
  Thought it was next week. Boom.
• 1:07:38
  Boom, 9 hours. Thank you for that.
• 1:07:40
  Go to B dot. TC slash conference to get your
• 1:07:45
  tickets now, whether you're interested in going to the
• 1:07:48
  Middle East, to Abu Dhabi, to the Bitcoin MENA conference or
• 1:07:52
  the Bitcoin 2025 conference in Las Vegas, NV, you guys don't
• 1:07:58
  want to miss. It's going to be at the Venetian
• 1:07:59
  hotel. It's an incredible hotel if
• 1:08:01
  you've ever been there, and they're great.
• 1:08:03
  Awesome, absolutely awesome. Really looking forward to it.
• 1:08:05
  Anyways, I do want to take advantage of the last minutes of
• 1:08:09
  the show to talk about George, you recently released a book man
• 1:08:13
  Opti, could you pull that up, please?
• 1:08:15
  I definitely want to talk about this man.
• 1:08:17
  I like, you know, when I see books, I'm like, they're so
• 1:08:20
  thick. How do you like you know,
• 1:08:22
  they're they're like, how do you how do you find the time to but
• 1:08:26
  like, you know, write a book and how do you find that
• 1:08:30
  inspiration? The name of the book for our
• 1:08:33
  audio listeners is I am not your bra 21 keys to sound parenting
• 1:08:38
  forward by Peter McCormack, written by George McHale.
• 1:08:42
  So George and there's a quote in there.
• 1:08:44
  I do want to read it quote. We are impacting, we are
• 1:08:47
  imperfect humans raising imperfect humans with the active
• 1:08:51
  goal of seeing our kids become better version of vendor
• 1:08:55
  versions of our themselves. And I saw a picture of you at
• 1:08:59
  Bitcoin 2024 not only showing off the book, I think at the
• 1:09:03
  book book fair or book. I don't know what the correct
• 1:09:07
  term is for that, but book signing event.
• 1:09:10
  With your kid. There is very inspirational.
• 1:09:13
  So George, what inspired you to write this book and is there is
• 1:09:17
  it is did Bitcoin impact the writing of this book at all?
• 1:09:23
  Yeah, no, absolutely, I think. Bitcoin definitely impacted
• 1:09:27
  this. You know, as I mentioned
• 1:09:28
  earlier, one of my desires is to see Bitcoiners is to create
• 1:09:31
  content for Bitcoiners outside of just like the the technology
• 1:09:35
  itself and what's happening, but more from a lifestyle
• 1:09:38
  perspective. Again, having children, raising
• 1:09:40
  them with intentionality is the lowest time preference thing
• 1:09:43
  that we can do if we want to see a better world.
• 1:09:46
  So what inspired this book really was me living into that,
• 1:09:50
  that, that truth that, you know, my children are an extension of
• 1:09:53
  me and I want to see them be better versions of of me.
• 1:09:57
  And so I started bringing my son Kingston to Bitcoin meetups.
• 1:10:00
  I started bringing him to conferences and the response and
• 1:10:03
  the interaction and sort of watching him with other people
• 1:10:06
  who I want to have influence in his life, right?
• 1:10:09
  Like you become the, some of the, the people you surrender
• 1:10:12
  yourself with. And that's true of children as
• 1:10:13
  well. And I want my, my, my kids to
• 1:10:15
  learn from other Bitcoiners. And so, you know, I, I started
• 1:10:20
  getting a lot of questions about like, yo, your son is, is pretty
• 1:10:22
  great. What did you do differently?
• 1:10:24
  How did you raise him? And so there were, there was a
• 1:10:26
  lot of, a lot of inspiration from other people who just
• 1:10:29
  interacted with Kingston who said, I would love to kind of
• 1:10:32
  pick your brain about parenting. And so I had this idea for this
• 1:10:36
  book and published it a few months ago.
• 1:10:39
  Honestly, it's a great book. I, I, I really enjoyed writing
• 1:10:41
  it. Where you find the time is like
• 1:10:42
  between 11:00 PM and 3:00 AM and you just RIP, you know, my, my,
• 1:10:47
  this is a family project. My, my daughter, my 14 year old
• 1:10:49
  daughter designed the cover. My wife helped edit it kind of,
• 1:10:53
  you know, kept me honest about all all of the things I was
• 1:10:56
  presenting a lot of great stories in there just about what
• 1:10:59
  we've learned along the way, but very much a book that was
• 1:11:02
  written again, from bitcoiners to Bitcoiners.
• 1:11:05
  And so look, bull market is here.
• 1:11:07
  I've seen some some comments in the chat about, you know, be
• 1:11:10
  careful for SAT diggers, which is true.
• 1:11:12
  You should be careful. But at the same time, I will say
• 1:11:15
  this as you're getting girlfriends, you know, as you're
• 1:11:19
  enjoying this bull run and you're being intentional about,
• 1:11:22
  OK, like, what am I doing with my life in terms of like, what's
• 1:11:25
  my family plan? You know, this it's OK if a, if
• 1:11:28
  a girl is like looking for somebody who's got their shit
• 1:11:30
  together and has some money. So don't just like dismiss
• 1:11:34
  people who you think are like sat diggers necessarily.
• 1:11:37
  Be careful, right? This is a this is a fine nuance,
• 1:11:40
  but like you want somebody who is thinking about like the fact
• 1:11:44
  that they want somebody who has money.
• 1:11:47
  So I think there's an important distinction to be made there
• 1:11:49
  between like someone who's sat digging and somebody who's just
• 1:11:52
  like thinking responsibly. Like I have a daughter.
• 1:11:55
  I want my, I tell my daughter, I'm like, here's the list.
• 1:11:58
  Here is the criteria of people that you're going to bring home.
• 1:12:01
  And I don't know if it's controversial on the show or
• 1:12:03
  not, but like the list goes like this unvaccinated, sorry, you
• 1:12:09
  know, comes from a good family and has money like is capable of
• 1:12:13
  making money. That's who I want my daughter to
• 1:12:15
  that, that's the rubric. That's the, the, the bare
• 1:12:18
  minimum standard that I want my daughter to to be looking for.
• 1:12:21
  So as you're, as you're kind of thinking through that and as
• 1:12:24
  you're, you're having dates and all that kind of stuff, just
• 1:12:26
  keep that in mind. It's not the worst thing in the
• 1:12:28
  world. If they're if they're wondering
• 1:12:30
  how much money you make, Opti by the way that.
• 1:12:33
  Comment about be careful for SAT diggers.
• 1:12:36
  It was completely it was for you.
• 1:12:40
  I'm here for it, so don't. Travel with the.
• 1:12:43
  Bitcoin Treasury. It was simply Bitcoin Treasury
• 1:12:46
  hardware wallet. If it goes missing, I will 100%
• 1:12:50
  put responsibility on Optimus Fields.
• 1:12:53
  Those sat digger. I'm like Opti in Vegas.
• 1:12:55
  Oh God, yeah, things happen. But anyways, guys, go check out
• 1:13:00
  George's book. I put a link in the video
• 1:13:04
  description on YouTube. It will be in the podcast
• 1:13:07
  description as well. We also put it in the live chat.
• 1:13:10
  Support the work of fellow bitcoiners and also guys, if
• 1:13:14
  you're raising kids, this is a great resource.
• 1:13:16
  So again, the name of the book is I am not your bra 21 Keys to
• 1:13:21
  Sound Parenting and the foreword is by legendary podcaster Peter
• 1:13:26
  McCormack. Guys, if you guys enjoyed
• 1:13:28
  today's simply Bitcoin live episode incredible numbers we
• 1:13:32
  hit 2500 live viewers over 600 live viewers on YouTube preach
• 1:13:38
  almost 300 no 310 likes absolutely incredible guys
• 1:13:42
  consider subscribing if you feel like we provided you value smash
• 1:13:45
  the like button and of course, we love you go outside, enjoy
• 1:13:49
  the weekend, go touch some grass.
• 1:13:51
  We'll be back on Monday host today's Optimus Fields Co host
• 1:13:55
  Nico Moran, and of course our special guest for today, General
• 1:13:59
  Manager of Bitcoin Magazine, George McHale.
• 1:14:01
  So go check out his book. Like I said, we are simply
• 1:14:04
  Bitcoin Live and we'll see you Monday for a brand new episode.
• 1:14:10
  Brought to you by bitcoinwell.com.
• 1:14:12
  A Bitcoin only platform on a mission to enable financial
• 1:14:15
  independence.