Latest / Simply Bitcoin / Worlds LARGEST Exchange CONFIRMS THE BITCOIN PRICE SUPPRESSION IS OVER?! | EP 1425

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Worlds LARGEST Exchange CONFIRMS THE BITCOIN PRICE SUPPRESSION IS OVER?! | EP 1425 · Simply Bitcoin

0:01
While most people are positioning themselves for a
0:04
bear market, 2 Bitcoin billionaires just said 2026 is
0:09
going to be an insane year for Bitcoin and one of them even
0:15
said the S word at Davos. What is the S word?
0:18
Could we be seeing a Bitcoin super cycle begin this year?
0:23
I don't know. Before you call me crazy, let's
0:26
play the clip. I got a few clips for you guys,
0:28
but I'm going to start with the first one with Kathy Wood, who
0:32
thinks it's going to turn into $1,000,000 a coin.
0:35
So whenever people ask that question, I always got to ask
0:37
them what's the time frame you're looking at?
0:39
If you're looking at today, tomorrow, or daily basis,
0:41
there's no way I can predict. If you look at a 10510 year
0:45
horizon, it's very easy to predict.
0:47
We're going to go up if you look at a one year horizon, which is
0:51
like where the most of the common common framework is 2026.
0:56
I'm not sure you may be I think I have very strong feelings that
1:00
you will probably be a super cycle be a super cycle 2026
1:03
yeah, for Bitcoin, for Bitcoin. And what what super cycle to you
1:06
means what what normally Bitcoin follows A4 year cycles
1:09
historically. If you look at historic data
1:11
like every four years, you know, there's a all time high and then
1:14
there's a there's a drop. But I think this year, given the
1:17
US being so pro crypto and every other countries kind of
1:20
following, I do think we'll we will see this this we will
1:23
probably break the four year cycle.
1:25
Yeah, we got to go. But just start a OK, look, I'm
1:29
not I'm as bullish as anyone. I'm still I'm I'm still on the
1:34
fence on whether the full year cycle is still intact or not.
1:37
But I do like the cause for super cycle coming from CZ
1:41
again, world's largest exchange. I think he's been having a lot
1:44
of conversations with people. I think this is one of those
1:47
moments like sailor that they probably know something that we
1:51
don't. So just taking this take on its
1:54
surface again, also considering the platform that he's at, this
1:58
is on the news at Davos. I think it's interesting when
2:03
you just take what he said on on just the surface and what he
2:06
said just in general. Now, I literally said the same
2:09
thing to a friend yesterday. He's asking me like, yo, what's
2:12
your price forecast for Bitcoin? I'm like, dude, you know, I
2:16
don't know. I can't tell you what it's going
2:17
to do tomorrow. Obviously, you know what I think
2:20
it's going to do in five to 10 years from now, it's really up
2:24
for probably up until April where I will be very convinced
2:28
on where we are in the cycle. I need a little more
2:31
information. I I need a little more time.
2:34
What's very interesting though is usually January is when kind
2:39
of the, you know, the tech companies are finally finishing
2:43
their year. So you can think of January as
2:45
like the end of Q4 for a lot of companies and we'll start to see
2:49
a lot of capital get revamped into the economy around
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February, March itch, you know, so in a few months we'll know
2:56
exactly what's going on in my opinion.
2:59
But again, on the surface level, just just hearing what CZ saying
3:03
again, if you don't know who that was, it's CZ from Binance
3:05
or he's not at necessarily at Binance anymore.
3:08
Again, he went to jail and and guys, if you watch this whole
3:11
clip, there was some other crazy stuff he was saying about his
3:16
recollecting his time in prison. You go look that clip up.
3:19
I I can't play that here, but it was absolutely insane.
3:23
I was laughing about it this morning.
3:24
But anyways, you know, he's from Binance.
3:27
He's basically known as Binance. And that's kind of why you you
3:31
take it on the surface level and you're like, OK, that's
3:34
interesting to see. Interesting take.
3:36
He's not the first one to say this, obviously.
3:38
And we have another clip saying something very similar.
3:41
But before I go to the next clip, my more conspiratorial
3:47
take here, the more kind of under the surface level here is
3:51
when you understand the dynamics of Binance in general.
3:55
So you can hear him say, yeah, I think it's a super cycle.
3:58
But when you kind of look at the data of what's been going on on
4:02
from Binance, it, I think he's kind of making the case that
4:06
they're no longer going to be suppressing the Bitcoin price.
4:09
This could be a signal that, hey, it's time to pack your
4:12
bags, It's time to get ready. I think it's going to start
4:15
running because again guys, This is why we always tell you every
4:19
single day, just buy Bitcoin, Hoddle the Bitcoin, take it in
4:23
the cold storage. Because if you are on these
4:25
platforms, these crypto casinos, you are literally trying to beat
4:29
the house. The house always wins.
4:32
You are trading against the exchange.
4:34
I think the dynamic that many people don't understand is, yes,
4:38
technically when you're on an exchange, you know, you're,
4:41
you're trading against other people.
4:43
But if you've been in the game long enough, you, you really
4:46
understand that you're not just trading against other people.
4:49
Maybe with better information, you are trading against the
4:52
exchange, you are trading against the house.
4:55
They literally have an open book.
4:57
They can see all of the trade, the, all the trades happening
5:01
and they're basically you're trading against them and they
5:04
have all the information. You can call me a conspiracy
5:07
theorist all you want. You, you can say I'm, I'm a, you
5:09
know, insane person here, but if you've been around long enough,
5:15
that's kind of what we all know is happening.
5:18
And they'll admit, or rather they will not admit that they
5:21
are doing this. You can't convince me otherwise.
5:24
I, I think it's very clear that the exchanges right now are
5:27
trading against their customers. This is why most people lose
5:31
trading and then further trading is it is a 0 sum game.
5:35
Like if you are a trader, if you're a normie coming off the
5:38
street and you think you're going to out trade, you know,
5:40
the Larry Finks and the Jamie Diamonds of the world and even
5:43
the CZS or Brian Armstrong's of the world.
5:45
I think you have another thing coming for you.
5:47
And that's where this next part kind of comes in is when you
5:51
understand the numbers. There's been a lot of
5:53
speculation, a lot of talk on how finance seems to be trading
5:58
against everyone in the market right now, and they really are
6:01
the ones driving the market currently.
6:03
And this is where this next post comes in, which is I think if
6:08
you really dig into it again, putting my Tinflow hat on, you
6:11
know, you guys could take it or leave it.
6:14
This is kind of what I've been seeing.
6:16
There's been rumors or rather speculation for weeks and months
6:20
that a lot of the price action we've been seeing has been
6:24
coming from Binance. Now, this is a funny exchange,
6:27
but it's really about the chart here.
6:29
We have CZ and he goes basically after this clip aired, he goes,
6:34
AI will make you jobless. Krypton will make you not need a
6:37
job. Buy and hold now, retire in a
6:39
few years. Raise hand if crypto allowed you
6:43
to retire already. Not financial advice.
6:46
I don't necessarily agree with this but the response is even
6:50
funnier. And he goes CZ makes statements
6:53
like this but forgets to tell everyone.
6:55
Binance has been driving has been the driving factor for the
6:58
most of bitcoins cell pressure since it made all time highs at
7:01
$125,000. Almost seems like he's getting
7:05
paid to make these statements while Binance continues to drive
7:08
prices lower And then these exchanges are even.
7:11
This guy goes all right it's it's another response.
7:13
He goes quote but it's finance users not the exchange.
7:16
He goes BS. We all know these exchanges
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trade their funds on their own platform.
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Why would they use another exchange?
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Plus we will never get access to their books so retail will never
7:26
get the truth and supporters would just say it's their users.
7:29
Now this is the funniest 1. He goes bro The type of guy who
7:33
said this and then orders finance to liquidate every
7:36
single position. Oh man, dude, you know, when
7:40
you're objective about this, you got to admit it's actually
7:43
hilarious out here. Like we're still in the Wild
7:46
West. We are still early when you
7:48
understand, like these exchanges are trading against their
7:50
clients, they see what they're doing, they just liquidate them.
7:54
Like I'm not laughing here because you know, people are
7:57
losing money. I'm just laughing at everything.
8:00
It dude, you got to love the quote UN quote crypto markets.
8:03
It's still insane. It's still a lot of fun.
8:06
Anyways, anyways, let me zoom in on this chart because I think
8:09
this is really where the data is, is proven that Binance is, I
8:16
mean, actively dumping the Bitcoin price here.
8:19
We have basically since the November 6th dump in white, we
8:23
have the Bitcoin price and you can see all of these exchanges
8:27
here, the bottom one is Tether. So we won't we won't really look
8:30
into that one, but it's all priced in Tether.
8:34
And you can see there all the big exchanges are here.
8:37
And literally Binance right here at Nance has sold more than all
8:42
of the other exchanges combined and a dumping of $22.2 billion
8:47
of Bitcoin on the exchange. And yeah, some of this other,
8:51
you know, some of these other lines do connect pretty good
8:55
with the price action. But every huge Binance dump is
8:59
essentially lining up perfectly with the current Bitcoin price
9:03
action. So when I hear CZ come out and
9:06
say, yeah, I think we're going into a super cycle, this is kind
9:09
of what I'm seeing. I'm like, bro, did he just
9:13
finally admit that they're going to stop suppressing the Bitcoin
9:16
price? I don't know.
9:18
That's kind of what I heard. Obviously on the surface level,
9:22
you're like, yeah, I'm totally cool with this idea that 2026 is
9:27
the start of a super cycle. On the flip side, once you know
9:30
that the deeper currents playing out from these exchanges, it
9:35
sounds like he might have gotten tapped on the shoulder now even
9:40
though he's not actually in control of Binance anymore.
9:43
But I'm guessing the conversations are starting to
9:45
develop where it's like, OK, at a certain point we are going to
9:48
send this start to get the signal out there.
9:52
If you know, you know it's going to go up.
9:55
Now, that's the Binance, that's the CZ, that's the first
9:58
billionaire. Now let's hear the second
10:00
billionaire. Here is Michael Saylor.
10:02
Recently, in the last couple of days, again, while everyone's
10:05
been distracted by Davos, we have Saylor essentially also
10:10
saying he thinks the full year cycle is over.
10:12
He doesn't say super cycle, but he gives the factors for why he
10:16
thinks that 2026 is going to be a good year.
10:21
I think the four year cycles were most pronounced in the 1st
10:25
12 years of the existence of Bitcoin because half of the
10:28
Bitcoin was mined in the first four years and then 25% of the
10:31
Bitcoin is mined in the next 4 years and then 12 1/2% of the
10:34
Bitcoin is mined in the next 4 years.
10:36
But then we got down to 6.25% of the Bitcoin.
10:41
And so you can see that the amount of Bitcoin being mined
10:43
and sold on the market by miners is is exponentially falling and
10:48
the demand and the liquidity in the market is exponentially
10:50
increasing. So at this point, the amount of
10:53
Bitcoin being mined is, is becoming a second order issue.
10:56
If you go at another 4 to 8 years, it'll be 1/3 order issue.
10:59
The primary drivers in the market now our structural
11:03
support from the ETF, the ETFs are big buyers.
11:06
They didn't exist two years ago and and now they're massive
11:10
buyers. Bitcoin treasury companies like
11:13
ours become have become massive buyers.
11:15
As I said, we raised something like 4044 to 45 billion in
11:19
capital in the last two years. A third big driver will be
11:22
banking support as the banks began to create credit against
11:28
Bitcoin. For example, there's only
11:30
there's only say 16 to $18 billion of Bitcoin that's mined
11:34
every year for sale. Well, one bank like JP Morgan
11:38
could create $18 billion worth of Bitcoin backed credit for
11:42
their customers in one year. So as a big bank comes into the
11:47
market and they begin to offer loans against Bitcoin or against
11:50
Bitcoin ETFs, that will be the equivalent of an entire year of
11:54
Bitcoin mining. And so really the big, the big
11:57
structural development right now is mega banks in the world
12:02
beginning to bank Bitcoin and all for credit against it.
12:05
Look, I'm not the biggest fan of the Bitcoin credit meme, but I
12:10
think he is is making the point, which is what I've been saying
12:14
for a while, which is my bull thesis on why I also don't think
12:18
we are going in a larger Bitcoin correction here.
12:24
We literally have all of the tailwind working an hour benefit
12:27
right now. Whether you love the
12:29
institutions or not, whether you love the ETFs or not, whether
12:34
you're going to give JP Morgan your Bitcoin for collateral.
12:37
Whether you like Larry Fink going out to Davos and saying
12:40
we're going to tokenize all the things and we need one
12:43
blockchain that the world connects to so that we can't be
12:48
as corrupt as we used to be. It it all is, I think,
12:52
irrelevant to the point that everyone now is starting to get
12:57
into a Bitcoin position or at the very least moving towards a
13:01
Bitcoin position. Which is why I keep telling
13:04
everyone on the show, off the show, that I fundamentally think
13:08
things have changed since the BlackRock ETF launched, since
13:12
all the institutions got into Bitcoin, since we're seeing a
13:16
sovereign level infinite bid here, things are changing in
13:21
real time. It's becoming very clear.
13:24
And remember the conversation we had with Chris last week where
13:28
he also agrees when the institutions came into Bitcoin,
13:32
it fundamentally changed the Bitcoin game.
13:36
I don't think Bitcoin has necessarily been Co opted on a
13:40
base layer. I think Bitcoin still does what
13:42
it does, but we are definitely being driven by the institutions
13:46
and their appetite for Bitcoin. Again, I used to have this meme
13:50
back in the day where it was, you know, the the Y axis was
13:56
basically like rich people getting into Bitcoin.
13:58
That's what really drives the price.
14:00
And then the X axis is the amount of people holding
14:03
Bitcoin. And that's what really, you
14:05
know, lifts the Bitcoin price up and to the right.
14:09
And I think this is where we are right now.
14:11
The institutions have finally entered the Bitcoin space.
14:15
They can buy so much Bitcoin that all of us measly plebs and
14:20
laymen can't even come close to combined unless there's millions
14:24
of us. They're driving the Bitcoin
14:27
market right now. Yes, you could say it's been Co
14:30
opted in terms of price. You could say maybe they're
14:33
suppressing the Bitcoin price so that they get a better position.
14:36
But the fundamental thesis of Bitcoin, I don't think has been
14:39
broken. I I think it's still what we
14:41
thought it was even how Finney in the early days was
14:44
essentially saying this is the day we've been waiting for, for
14:47
the institution's, all the banks, for everyone to embrace
14:50
it. And Bitcoin transactions on the
14:52
base layer are going to be as rare today as they are in the
14:56
future, which means no one's really using it unless you are
14:59
these mega institutions and you need a final settlement layer
15:03
and we'll be transacting on layer twos or even layer threes
15:06
or whatever. And I think this is what's
15:08
happening yes on one level you're like OK, the cypherpunk
15:13
roots perspective of everyone transacting in Bitcoin.
15:16
Maybe that's not the road that Bitcoin is headed down to.
15:20
But if you are holding Bitcoin in self custody, if you transact
15:24
in Bitcoin, I think the the idea that Bitcoin's going to be used
15:30
as money, I think it's still all in play.
15:33
I think it's still all working out exactly as designed.
15:36
Sailors making the case that all the ETF institutions, banks,
15:40
everyone getting into Bitcoin is really what's going to break the
15:43
four year cycle. I kind of agree with him, as
15:45
much as it pains me to say that I agree with him.
15:47
Hold on. I think things are fundamentally
15:51
changing though right now. Currently I'm looking at the
15:55
price and I'm like, you know, I'm not I'm not so bullish When
15:59
you look at the charts, especially when you're looking
16:01
at Bitcoin price in gold, it is starting to look like a bear
16:04
markets playing out. It's starting to build out.
16:07
I still need a little time to fully be convinced and
16:10
vindicated, but I think it's interesting time.
16:13
I think this is the most interesting time to be in
16:16
Bitcoin, but I do I do want to comment on what comment that I
16:21
saw earlier before I commented on on sailor someone was it was
16:27
Ken Ken B because conspiracy my a try fact in regards to the
16:32
exchanges trading against us. So look, whether you're bearish
16:37
or bullish right now, I think it all defeats the purpose.
16:41
You need to make sure that you are stuck in or rather you know,
16:46
honed in and focused on what you want to do.
16:49
If you are just trading Bitcoin based on whatever whim you have
16:53
every day when you wake up, you are going to lose.
16:56
You need a long term thesis here, which from our perspective
17:00
is obviously accumulate more Bitcoin, hold it for the long
17:03
term, not wake up on a whim. You see the price drop, you're
17:07
like, oh, I need to sell out now or it's pumping now.
17:11
I need to sell out and get my Lambo.
17:14
That's not what this is about. Yes, you can do that.
17:17
I'm not here to tell you what to do with your money, but you need
17:20
to have a long term trading perspective.
17:23
I hate to even use the T word there, but you need to
17:26
understand what you are doing here so that you do not get
17:30
shaken out, because I think a lot of people are definitely
17:33
positioning themselves for, oh, we're going to have an even
17:35
bigger drop. And I, I have a in the culture
17:39
later on in the in the show. I, I'm going to make it even
17:41
further case for why I don't think we're going to drop even
17:44
even more. I think this sideways action
17:47
we've been seeing is, is kind of where we are right now.
17:50
At a certain point, we're going to break up to the to the
17:52
upside. But again, what do I know?
17:55
Who knows what's going to happen from the Trump administration.
17:57
They might come out and do some other tariffs that are going to
17:59
nuke and scare the markets. But I think from what we're
18:03
seeing in gold and silver, which I'm going to cover a little
18:05
later, because unprecedented stuff happening in precious
18:08
metals right now, you're starting to, I don't know this,
18:12
this should all start to make you feel like, OK, things are
18:15
happening right now and I definitely need to position
18:18
myself before the music stops. That's kind of what I, what I
18:22
would be advising to everyone. You don't want to just like wake
18:25
up in the morning and make your position.
18:28
So This is why I'm, I'm really leaning into what CZ and Michael
18:33
Saylor both saying they're both billionaires, both bitcoiners.
18:38
You, you could probably argue that they aren't, they do come
18:40
from it from different sides, but they are also basically
18:45
saying the same thing at this point.
18:46
Now on the sailor front, we all, we all understand why sailors
18:50
saying what, what he's saying. If you, if you understand what
18:52
he's been doing and how panicked he is in buying as much Bitcoin
18:56
as possible, I think it's because he's having a lot of
18:58
conversations with people and he knows what's coming down the
19:01
pipeline. And in his mind, he's like,
19:03
there's no way we are going to go down to, I don't know, 4,
19:06
8080 K. Now, that doesn't mean in the
19:08
short term we don't see some kind of price volatility, but it
19:13
means that we probably won't be down there for that long.
19:16
We might see some kind of Black Swan drop and then we are off to
19:20
the races. That's what I've been saying.
19:22
Of course, CZ over at Binance shit coin extravagant and all
19:28
the conversations he's having with nation states.
19:31
I think when you understand the context of all this like C ZS
19:34
talking to nation states, sovereign wealth funds, they're
19:38
probably telling him I want to buy Bitcoin.
19:41
Michael Saylor's talking to institutions and head funds
19:44
managers. They're telling him they want
19:46
Bitcoin again. We are in a new era where the
19:49
institutions where the I hate to even use it, the smart money is
19:53
trying to position themselves into Bitcoin.
19:56
And here we are. Everyone in the chat, us on
19:58
YouTube, everyone on Bitcoin Twitter has no.
20:01
No idea what's going on. Everyone's, you know,
20:03
infighting, everyone's saying we're going into a bear market.
20:07
And I'm just like, I'm trying to get the signal through all the
20:11
noise. And I'm like, from my
20:13
perspective, I think they're going to pump the shit out of
20:16
this thing. I think 2026 might be the year
20:20
that everything fundamentally changes and we're in uncharted
20:24
waters. Things are going up.
20:26
All everything in the market I think might end up going up.
20:30
I think we're going to follow what we saw in gold and silver.
20:33
It's just there's an order of effects here, Bitcoin still at
20:39
this moment. And there was a good video on
20:41
Twitter, I don't know if you guys saw it, but there was a
20:43
good video on Twitter from a former Black Rock fund manager.
20:47
And he was basically talking about what was going on in gold
20:49
and silver. And he was saying like, look, if
20:52
you're being objective and you're looking at the markets
20:55
gold and silver are running, they're basically the debasement
20:58
trade right now. Bitcoin is a part of that
21:01
conversation. But as of now, they haven't gone
21:04
into Bitcoin. And I think that goes back to
21:06
what I keep telling everyone, it's because they're comfortable
21:09
with gold, they're comfortable with silver.
21:12
Bitcoin is still farther on the risk scale there and they're not
21:16
that comfortable with getting into Bitcoin yet, but it's very
21:19
it's very normal for them, or at least the idea is very normal
21:22
for them to be like, yeah, maybe I'm afraid of treasuries again.
21:26
Japan right now in a lot of trouble.
21:29
No one seems to want treasuries right now.
21:32
They're looking for places to position themselves so that they
21:35
are heads that so they feel protected.
21:38
Their first step is obviously going to be into gold and
21:41
silver. That's just like, be objective
21:44
here. You're not going to see central
21:45
banks be like, OK, we're afraid of holding all of our debt, your
21:49
debt in this uncertain time. We're just going to go skip, you
21:52
know, gold and go straight into Bitcoin.
21:54
It's like it's not how it's going to work.
21:56
But gold and arguably even silver and Bitcoin, we are all
22:01
part of the same family. It is the hard money asset, hard
22:04
money trade, the debasement trade.
22:07
It is happening as we speak. It's just going to take a little
22:11
time for that information to, or rather not even the information
22:14
because I think the information's out there.
22:15
It's going to take a little time for people to feel comfortable
22:19
with putting a significant amount of their portfolio, their
22:22
savings into Bitcoin, especially when they are so afraid.
22:28
That's where we are right now. I'm hoping 2026 is going to be
22:32
the year. I think it's going to be an
22:35
interesting year. Let me see, Let me see might
22:40
have to wait till 2027 yeah you know, you might be right I think
22:45
and actually silver lining again, let me let me pull that
22:48
up. I I wasn't going to talk about
22:50
this, but you made a good .2027 might might be the year.
22:55
So anyways, I brought up the Bitcoin and gold chart.
22:59
I'm going to pull it up real quick.
23:00
Even if you are on the side that Bitcoin is in a bear market,
23:08
which if you're looking at the gold chart is is not not too
23:14
crazy to to think. So here's the gold chart or
23:17
Bitcoin priced in gold. This is the monthly chart.
23:20
Don't don't mind my my lines here.
23:22
It is what it is. Look at look at the dates here.
23:26
So here is when Bitcoin in 2021 broke all time high, you know
23:32
ran to all time high aligned perfectly with the Bitcoin price
23:34
in dollars. It did a double top.
23:38
You know what was double top? 2021 hit bottom 2023.
23:42
Let's see, October 21 hit bottom December of 2022, So about a
23:48
year dropping and then it started to make its run up April
23:51
24th. Anyways, here's the last top
23:54
October, December, you know November, October when Bitcoin
24:00
was making a run, but then gold started to make its run.
24:03
And so we kind of double top. If we're using this still 4 year
24:08
cycle idea, which arguably you could say that gold and or
24:12
Bitcoin price and gold still working out.
24:14
That means we basically as we've been saying for a while might
24:18
have been in a bear market all of 2025.
24:21
And if that's the case, then 2026 we might be seeing the
24:26
price start to gain some ground on gold.
24:28
So it could be that 2027 is the year that we really start start
24:33
ripping. But if we see some positive
24:35
price action in 2026, I think that will basically put the four
24:40
year cycle mean to rest finally. And I think we're all in
24:44
agreement. I, I think it's, I think we're
24:46
saying the same thing. Yes, I am another blah, blah
24:50
guy. Dude, we know this.
24:52
This is the entertainment show on Friday.
24:54
This is me being bullish on Friday.
24:57
Anyways, I got a clip for you guys in the numbers of Scott
25:01
Besson at Davos, which I think is hilarious.
25:03
And it really goes into the theme that I kind of took away
25:06
from Davos. And then in the news, we're
25:08
going to be talking about silver and gold.
25:11
And then in culture, I'm going to make the case why I don't
25:14
think further. We're going into a bear market.
25:17
So I'll be right back, guys. See you in one minute.
25:21
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today. Here we go.
27:36
The current Bitcoin price is 90,000 and 760 dollars.
27:43
It is a 28.1% discount from all time high and the current market
27:48
cap. Hey, we're back to 1.81 trillion
27:50
dude. The 1.8 trillion has really been
27:52
holding strong. It doesn't feel as good as
27:55
saying 2 trillion, but you know, kind of been holding on, you
27:59
know, shouts out to that 1.81 trillion psychological number.
28:03
And the block height is the only time that matters.
28:05
The block height TikTok next block 933,546 OK, so I really
28:13
feel, especially after yesterday's show that that we
28:21
kind of put the, the Davos idea to rest right.
28:27
I, I covered it on what was it Wednesday?
28:30
I did a whole whole interview with Tom Luongo yesterday about
28:36
Davos, why they've lost control, why they're still fighting
28:40
there. There's been some pretty funny
28:41
clips coming out of it, particularly Scott Besson in
28:46
this interview here. It was like a post recap
28:48
interview with I, I think it's with Politico.
28:51
Yeah, it is. It's with Politico in Davos at
28:55
the US House. You know, he was saying some
28:58
unhinged funny things like Scott Besson is low key, actually
29:01
hilarious. But this one I think sums up
29:05
what my view is kind of viewing what I saw at the Davos
29:11
conference, World Economic Forum.
29:13
I, I didn't watch everything, you know, full Full disclosure,
29:15
I didn't watch every speech. But from a lot of the clips, and
29:18
obviously you could say they were cherry picked.
29:21
I caught 1 theme here. And it was that it looked like a
29:28
lot of the speeches coming out of the World Economic Forum was
29:32
them backtracking on everything they've been saying for a long
29:35
time. They used to say that we need to
29:38
cut back on energy. Everything needs to be, you
29:41
know, carbon neutral. We need to go green.
29:43
Now. They're like AI data centers are
29:46
the future, bro. We need more data centers.
29:48
We need more energy. They used to say, you know,
29:52
stuff on, on the weather, you know, climate.
29:56
Now they're admitting to geoengineering like they used to
30:02
talk about, hey, you know, you're going to own nothing and
30:06
be happy. And Trump goes in there and he's
30:08
like, we will not be a nation of renters.
30:10
We got Howard Lutnick going in and being like pointing at
30:13
everyone. Hey, Bros, like globalism has
30:17
failed. Here's the facts.
30:19
We have everyone kind of shitting on a lot of the stuff
30:24
in the mandates coming out of EU.
30:25
We have literally Germany admitting that their move
30:29
towards everything but nuclear was an extreme failure.
30:33
Like I don't think they have fully admitted defeat, but they
30:38
are changing the narratives. And I don't know if you guys
30:41
caught that Claw Schwab clip, which I was thinking about
30:44
playing for you guys today, but he did a, not an officially
30:48
sanctioned World Economic Forum interview, but he did kind of a,
30:52
I don't know, a pregame interview for it.
30:55
And he very clearly admitted that, hey, we have lost trust.
31:00
People are losing trust in US. No one cares about our
31:02
narratives anymore. And we need to do whatever we
31:04
can to regain that trust. Larry Fink's opening statement
31:08
as the new head of the World Economic Forum said the exact
31:11
same thing. It's like, hey, you know, we've
31:13
acid stripped planet Earth and now the plebes don't trust us.
31:17
We need to regain that trust. Maybe capitalism has failed.
31:20
And it's like, bro, you can't come out here and, and be like,
31:26
forget about the last couple of years, guys.
31:28
Hey, look, we were wrong. Forget about it.
31:31
Well, you know, hey, we didn't, we didn't know what we were
31:33
saying. Look, look, bro, trust us, we
31:38
got this, OK? That's like the main.
31:40
That's kind of the biggest take away that I got.
31:42
But let's watch the Scott Besson clip because it's just, it's
31:46
honestly, it's just kind of funny.
31:47
You know, we've, we've seen the lack of energy security from
31:55
this manic push for a net zero, which I think we've seen in some
32:02
recent scientific journals have been pushed back.
32:05
Even Bill Gates is saying the 1°, two degrees, 3°.
32:11
I'm not sure it matters. If you look at what he's doing
32:15
with his own money, I, it looks like he believes we're going to
32:18
innovate our way out of the, any, any perceived climate
32:23
problems. So I think that's on one side.
32:26
And then again, I, I think this, I, I, I think we almost reached
32:31
a Saturday Night Live moment a few years ago when it was,
32:36
you're not going to own anything.
32:37
You're going to eat insects. I mean, it, it was just the
32:40
inmates were running the asylum of that.
32:42
You're not into the bugs. Well, I, I, I can tell you the
32:46
after a few days of Swiss German food, I may switch to bugs.
32:51
Brutal, brutal, Mr. Secretary. Yeah, you guys got to watch
32:58
that. That's that conversation Scott
33:00
Besson was making, making some some funnies.
33:03
He like low key. He's actually kind of funny.
33:06
I, I'm, I've become kind of a fan of Scott Besset.
33:10
But look, is that not a, a perfect kind of zeitgeist of, of
33:16
what we saw at Davos this year? And then let's not even, we
33:19
don't even have to like dive into all of the kind of on
33:24
street interviews or the James O'Keefe stuff.
33:27
Like I feel, I, I truthfully feel like they might not have
33:31
another World Economic Forum next year.
33:33
Now I know that's probably like the craziest thing.
33:35
I'll, I'll say on the show. I know that's a stretch, but
33:38
after this year, it's hard to believe that they're going to do
33:43
another clown show next year. Like this was top tier bread and
33:47
circus. Whether they meant it or not, it
33:50
was a clown show. It it's hard to see how they're
33:53
going to come back next year and be like, we have all the
33:56
authority here. Like trust us bro.
33:58
But he said it. He said it perfectly.
34:00
You know the they will own nothing and be happy.
34:03
They will eat the bugs. You know, you will live in a 15
34:07
minute city. Like all of that's been
34:09
completely wiped from memory. Now, like I said, the AI greens
34:14
popping up, they're like, we need more energy, you know,
34:16
like, hey, look, we were wrong. We need more energy.
34:20
We need more data centers. We need to make better cat
34:23
videos on, on Twitter because this AI thing is taking over the
34:27
world. I, I think fundamentally most of
34:32
the narratives that have ever came out of Davos, I, I think
34:36
they're, they're completely naked Now.
34:38
The real kind of question from here is what are the new
34:42
narratives going to be and how do we move forward from here?
34:45
Because from my perspective, obviously I think it's what
34:49
we're doing. It is the Bitcoin standard.
34:52
It is proof of work. It is a world built on property
34:57
rights, a world that fights against inflation versus, you
35:00
know, a world that takes a little more personal freedom,
35:02
which is probably the biggest ask out of all of this, versus a
35:06
top down structure where the elites fly on, you know, the
35:10
private jets and then scold us about our energy use is like
35:15
that. I think the facade is is really
35:18
crumbling in real time now. One of the probably the most
35:21
interesting trolls that I saw on Twitter was the whole, I don't
35:27
know if you guys saw, but like Katy Perry is dating Justin
35:30
Trudeau now and literally no one cared what Justin Trudeau was
35:34
saying. And she's out here talking about
35:37
like the environment and energy use and stuff.
35:39
And did everyone forget that she literally did a supposed space
35:45
tourism exploration with Jeff Bezos, which I'm sure is
35:49
probably worse for the environment than anything all of
35:52
us have done combined. And yet she's out here with
35:55
Justin Trudeau. Like, listen to me.
35:57
I'm a pop singer that just went to space for for tourism.
36:01
And you got to watch your energy use.
36:04
It's just like the narratives, the, the, the rhetoric.
36:08
It does seem like it has collapsed on its own weight now.
36:12
I don't think it's going to be completely over.
36:14
I think they are going to fight even harder.
36:17
And the backlash might be even worse.
36:19
And even the social media censorship might become even
36:22
worse. But it does seem like like that
36:26
old narrative is is completely out the window.
36:29
And remember, Larry Fink was one of the leading charges on ESG
36:33
narratives. Completely out of the playbook
36:36
now. Now he's head of the World
36:38
Economic Forum. I didn't hear too much stuff
36:40
about ESG narratives this year. It's it's a new time now I'm, I
36:45
don't have the as much faith as maybe like the average person in
36:48
what the world. If what?
36:50
Let me let me pull that back. I don't think the average person
36:52
even knows what the World Economic Forum is.
36:55
But I don't have as much faith in the quote UN quote elites at
36:58
the World Economic Forum, like the people that attend it to
37:01
actually meaningfully change the world for the positive.
37:04
But I do think this is positive if the narratives are shifting,
37:08
if they're collapsing, I think that gives us time for us to
37:13
start to spread the message. And people might be more, I
37:16
don't want to stay awake, but more ready to hear an
37:19
alternative. And I, I think, I think it's all
37:22
positive. I think, I hate to say it, but
37:24
you know, I think we really might be winning.
37:27
Anyways, let's go into the news. We're going to talk about
37:33
precious metals. I want to give a shout out to
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40:06
All right, guys, you're freaking out about the space comet.
40:10
As you guys know, I am a globe card.
40:12
I believe in space. OK, maybe that's one of my many
40:17
faults, but chill out. Legit, OK?
40:21
Anyways, there is, I think, a huge saga going on in precious
40:26
metals right now, and it's really, I think, exemplified by
40:32
what's going on with silver currently.
40:34
So silver, actually, I was joking this morning and I'll
40:38
throw out the troll first. I was like, man, it really
40:42
should have gone all in on silver.
40:44
Like the Wall Street Bets guys were saying the silver squeeze.
40:47
The silver squeeze did finally happened.
40:51
It just took them a couple of years.
40:53
Man. They were so right.
40:54
Man, they were so right. All right.
40:56
Anyways, if you've been watching what's going on in the silver
40:59
markets, silver just broke $100 per oz for the first time ever.
41:07
So this was the chart this morning.
41:09
I'll pull up, I'll pull up the, you know, the current chart.
41:12
But if you recall what yesterday's podcast was about,
41:17
you know, the the Davos City of London stuff, the sterling
41:22
pound, you know, silver pound, it really, I think all connect,
41:27
especially when you connect the gold price, which is also
41:31
basically at all time high. It might silver.
41:34
Yeah. Well, that was the mean that
41:36
silver and gold were going to pass 500 or $5100 at the same
41:40
time. It didn't really play out
41:42
exactly like that. But silver or gold is still
41:45
pumping. But you're starting to see that
41:49
people are very clearly not wanting to hold government debt
41:55
or Treasuries, as is exemplified in Japan right now.
41:59
People are dropping Japanese debt like hotcakes.
42:01
Bond yields are spiking. It's really not a good sign for
42:06
the global economy. Again, you go to Japan or as
42:09
people call it, the yen carry trade.
42:11
You go to Japan, you get really cheap debt.
42:12
You invest that everywhere else. Well, now that debt isn't so
42:15
cheap and it looks like they're making wholesale changes in
42:20
Japan right now to try to figure out how to dampen the bonds,
42:24
bond yields right now. So all of this is combined
42:27
currently, which is essentially saying that the debasement trade
42:31
is happening in real time. People do not want Treasuries.
42:35
They do not want government debt.
42:36
They do not want Fiat currencies.
42:38
Unless you have no idea what's going on and you're just, you
42:41
know, living paycheck to paycheck and you think the
42:42
dollar is a good way to store your value basically because you
42:45
don't have that much value. So you're just like, I got this
42:48
much money. I need this much money to
42:50
survive. I don't even have any excess.
42:52
It's a vicious cycle. But if you are a, I don't know,
42:57
a, an institutional manager, if you are someone with deep
43:00
pockets, if you're a trader, someone that that actually holds
43:03
real capital, you're looking at what's going on in gold, silver
43:06
and bond yields right now. And this is making you feel like
43:11
you probably need to find a chair before the music stops.
43:16
Most people are still comfortable with gold and silver
43:18
hentai silver is, you know, going to $100 right now.
43:22
And I'll pull up the the real. Actually, I'm going to pull up
43:26
this one because the whole story isn't so much that silver is
43:30
hitting $100 in the US, is that there's a huge spread between
43:35
what we are selling or buying our silver at currently in the
43:39
US and then what's going on in Shanghai or in China right now.
43:43
And here you can see the Shanghai silver has exploded to
43:46
a record 112. I think it's actually higher
43:49
now, doubling since November. And you can see the spread is
43:53
just starting to go nuts. So there is a huge spread
43:56
between what's going on in the West and what's going on in the
43:58
East right now surrounding silver.
44:01
And it looks like what Tom Luongo was saying yesterday
44:06
about whether you want to call it the Trump administration or
44:10
the entire world is calling the City of London's bluff right
44:13
now. And since they're still
44:15
technically somehow in control of silver because of the silver
44:20
pound, everyone is trying to onshore their silver.
44:24
There's not that much silver going around and you're starting
44:28
to see the price spike up so that people can get their
44:31
deliveries of their silver. From what I'm seeing and
44:33
hearing, it looks like there is really not that much silver to
44:37
be had right now. And then you also add gold in
44:40
there, which is, it's just like the debasement trade, precious
44:44
metals, hard money right now it is the IT is the trade.
44:48
That's what anyone that is smart knows what's going on is doing
44:53
is they're trying to secure something that's going to store
44:56
their value. Now here is the current silver
44:59
price. I have it on the monthly just
45:01
because it looks absolutely ridiculous and it is currently
45:05
$101.11. So it's still running, Silver's
45:10
still running. It's going absolutely parabolic.
45:13
I don't want to say that it's going to retrace yet because who
45:16
knows how high it's going to go. But I think anyone that looks at
45:21
a chart like this, it it just like intuitively knee jerk
45:26
reaction. You're just like, that is
45:27
totally not a sustainable rally. At some point, whatever goes up
45:31
has to go down. And you're you're seeing right
45:34
now the silver squeeze, the Wall Street bets silver squeeze.
45:38
It's finally happening. It's just a couple of years
45:40
late, Which also kind of reminds me, did you guys see that
45:44
GameStop is selling all their Bitcoin right now?
45:48
They, like, you know, got caught up in the hype.
45:52
They're selling a lot of the majority of their, the majority,
45:55
if not all of their Bitcoin right now.
45:57
I'm just wondering like are they, he's selling silver right
46:03
now? Did the GameStop silver Wall
46:06
Street bets meme play out a couple of or when, when, when
46:11
was that? Was that four years later?
46:14
Is that what we're going to be doing?
46:16
Are we going to be sitting here for years?
46:17
Like it's going it's going to go to 100K, It's going to go to 200
46:21
K soon anyways. Sorry, I change it, but I do
46:25
want to, before I show you the gold, the gold markets,
46:28
actually, I'll show you the golden market and then I'll read
46:30
this tweet again. Here's the golden price.
46:32
It's currently at all time high. It's $4982.
46:37
Everything's like it's going to 500 or $5000 probably at some
46:41
point. I don't know if it's going to be
46:42
today, could be next week, but the fact we are seeing gold go
46:47
to 5K, silver go to $100, bond yields start to explode, which
46:53
is essentially people are selling bonds and the only way
46:57
to incentivize them to sell it is if the bond yields go up.
47:01
But if the bond yields go up too much, then the Fiat implodes.
47:06
And it's not just what happens in Japan.
47:09
It's not like we could just be like, oh, it they're on a small
47:11
island, it doesn't matter what they do.
47:12
No, they are intricately connected to every global
47:17
economy in the world. So if Japan blows up, there's
47:21
going to be a lot of problems everywhere.
47:23
It's, it's really going to ripple into the global economy.
47:26
So this is all saying to me that the hard money debasement trade
47:31
is in full force. I'm not going to say 'cause I, I
47:35
said it before and I think by now I'm, I'm like kind of wrong.
47:38
Maybe I'm just early, but I'm not going to say that some of
47:40
that is going to, you know, go into Bitcoin yet.
47:45
But at a certain point, we do know it's going to do that.
47:47
Or rather, as people slide down the risk scale, it will
47:51
eventually end up in Bitcoin. So this is where James Lavish
47:56
comes in and I really like this tweet.
47:59
And I think this is like the perfect, you know, bow tie to
48:02
this conversation. And he goes, are you paying
48:05
attention? Gold is up roughly 80% in one
48:08
year. Platinum is up 175% and silver
48:12
up and eye watering 200%. Plus in one year, the debasement
48:17
trade is not just on, it is ripping people's faces off.
48:21
And so the next question is not if, but when does Bitcoin resume
48:26
higher? And here you go, one year
48:28
percentage gains versus the US dollar.
48:30
Gold, platinum, silver. It's happening.
48:35
You know, it's like it's, it's literally the opposite mean
48:38
guys, it's happening, it's happening.
48:39
It's currently happening. Now going further for all the
48:42
salty people out there, you know, for all the silver bugs,
48:47
gold bugs that are like pointing the fingers and telling
48:50
Bitcoiners you're an idiot. No one wants to buy Bitcoin.
48:54
We're still doing really good here.
48:56
So he goes for those claiming that Bitcoin has quote already
48:58
failed to protect against debasement, I would suggest you
49:01
zoom out a bit. Bitcoin is still only second to
49:04
silver in the debasement trade in the last five years.
49:07
Silver just got its run Bitcoin still holding up.
49:11
So guys we're still in the race. We are still in the race, think
49:15
it's only amount a matter of time until we start to see
49:21
Bitcoin start to RIP as well. It it it is all happening
49:27
exactly as designed now. I think what you need to do is
49:36
kind of look at this a little differently.
49:40
Yes, you could sit here and get mad and wonder why Bitcoin isn't
49:44
running yet. And I thought the Bitcoin thesis
49:46
was a debasement trade. I thought it was a hedge against
49:49
Fiat collapse. You know, Bitcoin should be
49:52
running like gold and silver. You could sit here and do that.
49:57
I think the more productive view of this is, hey, we still get
50:02
Bitcoin on a 28% discount when we know what's going to happen,
50:07
we know where it's going to lead to.
50:09
We know what is happening on a high level view of what's going
50:13
on in the economy. We have all the signals showing
50:16
us that this is exactly happening.
50:18
It's no longer just a thesis. It this is what's happening.
50:22
That's like the main point. This is happening now.
50:25
The debasement trade is finally on.
50:28
It is happening and you get to hold and buy Bitcoin at a 28%
50:33
discount like this is this is the easiest thing to do possible
50:39
with all the information that we have available to us.
50:42
All you have to do is buy some Bitcoin and wait it out.
50:47
Honestly like this is the best time to be buying Bitcoin.
50:52
I think it's only a matter of time.
50:53
Will it be in 2026? I'm not sure will it be in 2027?
50:59
The odds are are probably better for but it's to no brainer.
51:05
It's happening right now. It's on.
51:08
You guys are locked in. We're locked in when we've been
51:12
making the OR rather I've been making the case on the show for
51:15
I believe probably over a year that this was going to happen.
51:19
It happened a little quicker than I thought it was and it
51:22
happened a lot more aggressive than I thought it would, but
51:27
it's happening right now. It's going to happen with
51:30
Bitcoin trust. It's going to RIP.
51:32
It's going to RIP anyways. Let's keep it moving.
51:37
Hold on. Come on, guys.
51:40
Yes, honestly, Chris, this is this is like the biggest take
51:44
away. Most of the world still sees
51:47
gold as a flight to safety. We're still so early in terms of
51:51
global Bitcoin adoption. Like, we're still the nut cases
51:54
at the table, guys. Yes, the institutions are
51:57
starting to look at us like, oh, maybe those kids aren't so
52:00
crazy. Maybe there is something to this
52:02
blockchain thing. We're just like, we're literally
52:06
just chilling, you know, Like, where, where, where the freaks
52:11
and geeks at the lunch table, like doing all the crazy stuff.
52:15
And they're like, yeah, I don't know if I want to go sit at that
52:17
table yet, but they seem like they're having a lot of fun
52:21
anyways, and let's keep it moving.
52:25
Wait. Oh, yeah.
52:26
Yeah. Sorry.
52:27
Sorry, bro. Sorry, bro.
52:29
Yeah. Even copper is ripping.
52:30
Literally all the commodities are ripping right now.
52:33
It it's like, could it be any more obvious is really what I've
52:38
been what I'm saying right now? Like, could it be any more
52:40
obvious that this is exactly what's happening?
52:44
I really don't think so. So have a little patience.
52:47
Lower the time preference. Keep stacking the coin.
52:50
Keep stacking the corn. We are literally, Yeah,
52:55
seriously, Ron, for reals. We are literally still being
52:58
laughed at by central bankers at Davos and everything that they
53:03
built their their world view on their finances on is like
53:07
burning in the background. Everything is pumping and
53:11
they're laughing at us like, huh, You guys think you guys
53:14
think you guys are competition to central bank money.
53:17
We're like bro, like it's over for you.
53:21
We just got to chill out. We just got to wait and stack
53:24
coin anyways, I I've been ranting a little long on this,
53:26
so last commercial break I'll be right back.
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freedom. All right, guys, I'm going to
55:28
wrap up today's show with a little bit of some more opium
55:34
for you guys. It is the Friday show.
55:37
You know me, I, I stay bull tarted.
55:40
I'll have a little fun here. I saw this tweet.
55:44
I, I really, I really like James Van Stratton.
55:47
He's, I think really giving a lot of good signal here.
55:51
He tweeted this one. Is this the right one?
55:55
Yes, I'll, I'll zoom in a little bit here.
55:57
But he goes a 75% drawdown is inconsistent with a market where
56:03
volatility has structurally collapsed for three years and
56:05
this cycle is operating under a fundamentally different market
56:09
structure. So I made the case in the
56:11
beginning that I also believe this is a fundamentally
56:14
different market structure, AKA the institutions are here, they
56:19
are, you know, messing with with the, the spot price here in in
56:24
whatever way you want to say that, whether it's just paper
56:27
Bitcoin, whether it is pure price manipulation, naked
56:31
shorts, whatever, whatever mechanism, they fundamentally
56:34
have changed the game and they're laughing at us here.
56:36
You know, they're like like these kids, these amateurs, we
56:41
just come in and do Wall Street things and they're getting
56:43
cooked. Anyways, let's look at the chart
56:45
though. It is very interesting.
56:47
So here we got Bitcoin volatility on Bit Mex.
56:51
You can see the volatility has absolutely been neutered, which
56:56
is what we've been hearing coming out of Sailor for over a
57:01
year now. Not only just Sailor, but all of
57:03
the big Bitcoin asset managers or digital asset managers,
57:08
they've all been saying a very similar idea that since the
57:12
institutions got in, we should expect less volatility in the
57:16
market. Now does that mean volatility is
57:17
going to be completely gone? I don't think so.
57:21
What it means is they have been able to neuter Bitcoin
57:25
volatility for for better or for worse, which means yes, maybe,
57:31
maybe if it doesn't get more volatile to the upside, excuse
57:34
me, we're going to not see crazy parabolic runs.
57:39
It also means we're probably not going to see huge bear market
57:43
draw downs either, which from a trade off level, I'm probably
57:48
more OK with. I I still need my dopamine.
57:51
I still need the number go up for me to feel anything in life.
57:53
I'm dead inside. I got a tiny Grinch heart and
57:56
it's it's just drying up even more.
57:58
I I need, I need some, I need some number number go up
58:01
nourishment. But you can see the data is
58:04
showing us the volatility has been completely cooked.
58:07
It's neutered. That hasn't been there.
58:09
So that's like the first case of we're not probably not going to
58:13
go. You know what, wouldn't he going
58:14
to say 30 K, 40K maybe 58 K maybe.
58:19
So that's kind of like, I don't think we're dropping more.
58:22
Yeah, maybe there'd be some some volatility on the short term,
58:26
but I don't I don't see it dropping to some crazy levels
58:31
where we're all going to be freaking out and losing our
58:34
shit. Now we have brought this up
58:37
before and bringing this back up.
58:40
It is very interesting that these two charts look almost
58:44
identical. Again, here's the Bitcoin price
58:46
with the ISM or the business cycle.
58:50
And basically around the exact same time, it's been neutered.
58:57
And essentially for you guys looking at this, when the ISM
59:01
cycle is below 50, it's contraction.
59:04
When it's above 50, it's expansion, which means, you
59:07
know, more liquidity, people feel better, people spend money,
59:13
people want to buy risk assets and we haven't seen that since
59:16
2023. So I think like combining these
59:19
two, these two charts here, they look damn near identical.
59:23
Ever since 2023, there's been nothing in the market, hence why
59:27
even though Bitcoin went to all time high at 126 K in October in
59:31
the face of literally no volatility and no expansion on
59:36
the business cycle, it's quite incredible to be honest.
59:40
And so once we do finally get some expansion again, whether
59:45
it's from money printer for the election, whether it's Jerome
59:49
Powell money printing, whether it's the Japanese economy money
59:53
printing, whether it's the Chinese money printing, the
59:56
expansion I think brings back all of the fun in Bitcoin.
1:00:01
And the biggest take away is. Bitcoin again, for better or
1:00:08
worse, since the institutions are here, it is growing up.
1:00:13
It has grown up. It is a macro asset now.
1:00:16
It is in the macro, larger macro conversation, which is why it
1:00:21
has been kind of correlated to, you know, the stock market to
1:00:27
NASDAQ to S&P 500 to wow, excuse me and choked on my my saliva to
1:00:34
what Trump says about tariffs. The very people, the new people,
1:00:39
the new investors that change the Bitcoin market structure,
1:00:43
the institutions, they look at this stuff and this is what they
1:00:47
base their trades are on. So if they are scared of
1:00:52
whatever macro factors, first thing they do is not only do
1:00:57
they sell their most saleable product, their most saleable
1:01:00
investment, but they start to sell their most risky
1:01:04
investments. And for better or worse, guys,
1:01:07
Bitcoin is still considered a risky asset for us.
1:01:11
It's it's a risk off asset for most people, it's still a risk
1:01:16
on asset. It's still treated like a high
1:01:19
beta tech stock, which just means, you know, like if you're
1:01:23
going to get returns, when you get returns on tech, you
1:01:26
probably get a, a higher return on Bitcoin.
1:01:29
So people are contracting right now as the data's showing us,
1:01:33
they're consolidating into the things that they already know,
1:01:36
which is gold and silver or other commodities.
1:01:40
And at a certain point, once we start to get that expansion,
1:01:44
which you could argue maybe the Trump administration's working
1:01:46
towards that way, the game's back on right now.
1:01:51
It's like the car, you know, it's like the the the trash
1:01:55
truck moving through the street and we're all on pause.
1:01:58
And once it finally clear, once we clear out all the trash out
1:02:02
of the system, it's game on, boys.
1:02:05
Who knows how long it's going to take.
1:02:07
But that's my theory. I'm sticking to it.
1:02:10
So here we are. Let's see.
1:02:16
All right, Ron, I I hear you. I hear you about the the ads.
1:02:20
OK, let me see. There was a good one here.
1:02:23
My boy, My boy. It's so over.
1:02:28
I I'm not going to lie. I was joking this morning.
1:02:31
It's so over. I was looking at the silver
1:02:32
chart. I'm like, it's so over.
1:02:34
I should have bought silver. Oh, man.
1:02:40
All right, all right, all right, guys.
1:02:44
Anyways, anyways, I I could sit here all day, but hey, it's
1:02:47
Friday. Let's just just stack some
1:02:52
stats, have a good weekend, eat some good food, call your loved
1:02:56
ones, all that good stuff. We made it through another week.
1:02:59
What is this is this third week of the year 3 of 52 down was it?
1:03:06
I think it's 3 of 52 down. We got a long ways to go, boys.
1:03:11
We got a long ways to go. All right, man, I will see you
1:03:17
guys on Monday. I don't know what the schedule
1:03:21
is going to be like next week. Nico may or may not be back.
1:03:24
I have no clue. All all you all you got to know
1:03:28
is I will be here, OK? I'll be here with whoever shows
1:03:33
up with me. A fourth week, 4th week, OK 4th
1:03:40
week of 52 Still got a long ways to go.
1:03:45
Guys. We still got a long ways to go.
1:03:48
No meme review dude, I am the meme now.
1:03:51
I'm The Walking meme. The whole show was a meme.
1:03:53
If you know, you know. All right guys, peace out.
1:03:56
I will see you guys on Monday. Till then it's been your boy
1:04:01
Opti. Have a good weekend.
1:04:03
I love you guys. Peace Today's episode was
1:04:07
brought to you by bitcoinwell.com, a Bitcoin only
1:04:10
platform on a mission to enable financial independence.