Latest / Simply Bitcoin / Scott Bessent's BITCOIN WARNING Targets Wall Street Banks! EP 1479

Transcript

Scott Bessent's BITCOIN WARNING Targets Wall Street Banks! EP 1479 · Simply Bitcoin

• 0:02
  Wall Street banks are still sabotaging Donald Trump's plan
• 0:06
  to roll out the Clarity Act. They have once again refused to
• 0:10
  negotiate with the quote crypto industry.
• 0:14
  But Scott Besson fired back with a Wall Street Journal opinion
• 0:19
  piece making a pretty strong claim, guys.
• 0:21
  So let's just dive straight into it.
• 0:24
  Let's start breaking this down. I will start with, I think my
• 0:28
  newest favorite Twitter account, Eleanor Teret, at least in
• 0:31
  regards to what's going on in Capitol Hill.
• 0:35
  As I've told you guys, I think I'm a little burnt out with the
• 0:38
  Clarity Act story. It seems to be, it seems to be
• 0:41
  as delayed as all of the negotiations we are seeing from
• 0:44
  Trump in the Middle East. And it seems like we hit a new
• 0:48
  stumbling block, guys. So this is the current state of
• 0:51
  the Clarity Act, at least being reported by Eleanor Teret with
• 0:55
  Crypto America. She goes update.
• 0:58
  Actually some context here. Remember we covered, I believe
• 1:03
  it was either the beginning of the week or probably the end of
• 1:07
  last week. We got a report from the Council
• 1:13
  of Economic Advisers coming out of the, of the White House and
• 1:16
  they basically said that the bank's fears over stable coin
• 1:22
  rewards or yields has was overstated, that it's really not
• 1:26
  going to affect the banks at all.
• 1:29
  And the Banking Committee, you know, banking GOP, the banking
• 1:35
  industry, Wall Street banks, however you want to frame them,
• 1:39
  have finally responded. So this is the current update
• 1:43
  and it goes update. Early reactions in banking
• 1:45
  circles suggest the White House report missed the mark,
• 1:48
  according to a banking source. I spoke with the infamous
• 1:52
  anonymous banking sources. So we don't know who that is,
• 1:55
  but for the context of this, we are going to assume that is
• 1:59
  actually someone that is a part of the banking Senate, GOP or
• 2:04
  Banking Committee, or maybe just banks in general.
• 2:08
  And this is what the insiders are telling us.
• 2:11
  So the CEA or the Council of Economic Advisers of the White
• 2:16
  House analysis finds prohibiting stablecoin yield would do little
• 2:20
  to prevent deposit flight and only marginally increase
• 2:23
  lending. But bankers say this has never
• 2:26
  been about simply needing more deposits to lend.
• 2:30
  Sounds like CAP to be honest. But anyways, it's about
• 2:33
  outflows, particularly from smaller institutions.
• 2:36
  The issue is more about how shifts and deposits shape how
• 2:39
  lending is funded priced and how stable it is over time.
• 2:43
  Community banks rely more heavily on stable retail
• 2:45
  deposits and have fewer funding alternatives.
• 2:48
  If funds migrate into stable coins or larger institutions,
• 2:51
  they could feel the impact first, even if aggregate lending
• 2:54
  appears largely unchanged. Additionally, the source noted
• 2:58
  that deposits don't move one to one, while the report finds most
• 3:01
  stable coin reserves recirculate into the banking system.
• 3:05
  Bankers are arguing, excuse me, that they don't always come back
• 3:09
  in the same form. Losing a stable retail funding
• 3:13
  will change how credit is funded and deployed, even if that shift
• 3:17
  doesn't immediately show up in aggregate lending data.
• 3:20
  Of course, more to come on that front.
• 3:22
  Meanwhile, Coinbase's Cpl., or chief policy officer is doubling
• 3:26
  down, telling Eleanor that the report is a net positive for
• 3:30
  banks. Quote.
• 3:31
  The facts matter and it's good to see the Council of Economic
• 3:34
  Advisers confirm that stable coins aren't a threat to
• 3:36
  community banks. Stable coins are a big win for
• 3:39
  consumers and a big opportunity for banks.
• 3:42
  Rewards are critical to preserving those benefits.
• 3:46
  I might have a a slightly different take here.
• 3:49
  As you know, I'm a bitcoiner. I want to see people use
• 3:53
  Bitcoin. But the last year or so, maybe
• 3:57
  the last couple of years, I think I've come to terms with
• 4:00
  the fact that people want to use stable coins.
• 4:03
  That's just the fact, guys. People want to use stable coins,
• 4:06
  though. In my mind, a stable coin is
• 4:08
  basically just a digital dollar. It's, it's just dollars
• 4:12
  basically. I mean, there's really no
• 4:13
  difference in my opinion. But what is interesting to me
• 4:18
  just on this current update of where the banks are standing on
• 4:21
  the Clarity Act again, we've been hearing for the last, I
• 4:25
  don't even know weeks at this point that the Clarity Act is
• 4:30
  about to pass. The last kind of, I don't know,
• 4:34
  self-imposed deadline was Easter Sunday.
• 4:37
  So four days ago we were supposedly going to get the
• 4:41
  market structure bill or the markup structure bill, basically
• 4:44
  where, you know, they, they propose what they want to do and
• 4:47
  then it's combined and then it will get voted on the Senate and
• 4:52
  then eventually it'll get passed or rather, sorry, signed by
• 4:56
  Trump. The interesting part to me about
• 5:00
  this though is that, and not to say that all banks are one
• 5:05
  monolithic entity, but it's it's almost safe to say that they
• 5:11
  kind of anyways, that is probably just a very rudimentary
• 5:15
  view of what's going on. But what is interesting again is
• 5:20
  remember the idea of too big to fail in 2008.
• 5:24
  So just keep that in mind. What this feels like to me is
• 5:29
  the too big to fail banks essentially using the smaller
• 5:34
  community banks, the smaller retail banks as the main excuse.
• 5:38
  It really does sound, at least to me, that this sounds like the
• 5:43
  big banks that Coinbase, Bryan Armstrong has been very vocal
• 5:46
  against saying, hey, look, this isn't gonna affect us, but this
• 5:50
  is gonna affect, affect the small banks here.
• 5:53
  And we're here to protect the little man.
• 5:54
  We're here to protect the consumer.
• 5:56
  We're here to to protect the smaller consumer banks.
• 5:59
  Yeah, we probably won't have an issue, in fact that probably
• 6:02
  most of the capital will come to us.
• 6:05
  But really we're trying to protect the little guy here and
• 6:08
  not just the little guy on Main Street, but the little guy in
• 6:10
  banking. So I mean, to me, it's like
• 6:15
  this, what are we doing here? That's like, what are we doing
• 6:19
  here? I thought we passed the Genius
• 6:20
  Act and that was literally about stablecoins.
• 6:23
  And now the Clarity Act that's supposed to be for other digital
• 6:26
  assets for the whole ecosystem is now being held up again
• 6:29
  because of the stablecoin issue. It it's like, I thought we got
• 6:33
  past this guys. And remember when this news,
• 6:37
  basically when the whole conversation about banks
• 6:41
  stalling the Clarity Act came out, the main kind of talking
• 6:47
  points that we were hearing was like, JP Morgan's going to lose
• 6:50
  trillions of dollars because too much capital is going to flow
• 6:54
  into stable coins that it might be, you know, hundreds of
• 6:57
  billions. But and now we're seeing the
• 7:00
  narrative shift a little bit. We're here to protect the
• 7:03
  smaller banks. It's not about the big banks.
• 7:06
  It's about the smaller banks. We got to make sure the little
• 7:08
  guy can still survive. So I mean, personally, this,
• 7:13
  this feels like a whole lot of BS from my opinion.
• 7:17
  OK, that's kind of that's kind of just my very knee jerk
• 7:22
  reaction to this is just like, OK, so we're starting to see the
• 7:25
  narrative shift. Now.
• 7:28
  The part from the Coinbase Cpl. again, I, I might have a
• 7:34
  different opinion. I am not that bullish on the
• 7:38
  idea that stablecoins are a big win for consumers.
• 7:41
  Yes, I understand they want to use them and they are using
• 7:45
  them, but is it really a big win?
• 7:51
  I don't know. I, I'm sure, I'm sure you guys
• 7:54
  in the chat are going to agree with me.
• 7:55
  I really don't think it's the biggest win that they're trying
• 7:58
  to make this out to be. OK, so that's just my take on
• 8:02
  what the current stall of the Clarity Act is and the reasons
• 8:08
  for it. Again, the banks are seemingly
• 8:11
  sabotaging the Clarity Act. So the deadline for the supposed
• 8:16
  timeline of the Clarity Act passing is the last two weeks of
• 8:21
  April. So a lot can change.
• 8:24
  I mean, being tentatively optimistic, a lot can change
• 8:28
  from here. You know what, another 10 days,
• 8:33
  12 days, something of that sort. Will it change?
• 8:38
  I don't really think so. I I mean look what we are
• 8:41
  getting close to the buzzer beater.
• 8:43
  We have seen the Clarity Act deadline, well more self-imposed
• 8:48
  deadline continue to shift, continue to get pushed back.
• 8:51
  And that might be the signal in and of itself.
• 8:56
  Again, we don't like to think of powers that be as monolithic
• 9:03
  entities. We've we've been shown time and
• 9:05
  time again that there there is no monolithic entity here.
• 9:09
  Yes, I agree. I think that, you know, politics
• 9:12
  is a uni party, but that's a totally other conversation.
• 9:15
  But what we do know is that essentially, and right now it's
• 9:19
  coming from the banks, but essentially the Democrats are
• 9:23
  pushing back a lot on the Clarity Act passing.
• 9:26
  They don't want this to pass. For most intents and purposes,
• 9:32
  they probably want this to fail. So the CBDC back door comes in,
• 9:35
  but I mean kind of mudding up the waters here, if you know
• 9:39
  what I mean. So we are seeing this stall now
• 9:43
  if it doesn't pass, or at the very least if we don't get the
• 9:46
  markup structure bill delivered within the next 10 days or
• 9:52
  something, I am like wholly convinced the Clarity Act is not
• 9:56
  even going to pass it. And that's not even talking
• 9:59
  about what my actual feelings are about what the Clarity Act
• 10:02
  is. You know me, I'm not the biggest
• 10:06
  Coinbase fan and it does hurt me a little bit to say that I agree
• 10:13
  with Brian Armstrong. But that quote, he said, I think
• 10:18
  it's probably the best heuristic we have currently at the moment
• 10:22
  with all of the compromises that we're hearing is that probably
• 10:25
  no bill is better than a bad bill.
• 10:28
  And at the very least, the clarity that we wanted probably
• 10:35
  has already been released by the SEC and the CFTC that, you know,
• 10:39
  Bitcoin's a commodity and they're going to organize and
• 10:42
  make sure that what they implement is going to treat
• 10:45
  Bitcoin like a commodity. Yes, they added some shit coins,
• 10:48
  whatever, you know, I guess we got to take a little poison with
• 10:51
  our medicine here, but that's kind of my my general feeling
• 10:54
  here. So, but enough of how I feel
• 10:56
  enough of the current update. Let's catch up to what Scott
• 10:59
  Besson said. So this tweet came out yesterday
• 11:03
  around noon. You know, this is 225 S noonish
• 11:07
  Pacific Time around, you know, 2:30 Eastern Time.
• 11:11
  And then we got this tweet here. Oh, actually, this came out
• 11:16
  before. Wow.
• 11:16
  My timeline's messed up. OK, so I think what Eleanor
• 11:21
  Tarrett's reporting is what the backroom conversations are,
• 11:25
  because this came out before we got the breaking news.
• 11:28
  And here's Scott Bessett. He goes, Congress has spent the
• 11:31
  better part of all, right, I got it, The better part of half a
• 11:35
  decade trying to pass a framework to onshore the future
• 11:38
  of finance. It is time for the banking GOP
• 11:41
  to hold a markup and send the Clarity Act to President Trump's
• 11:43
  desk. Senate time is precious, and now
• 11:46
  is the time to act. So it looks like the banking
• 11:52
  GOP, the Wall Street banks are wholly ignoring what the USI
• 11:58
  always forget this Secretary of the Treasury is saying.
• 12:02
  And he dropped a Wall Street Journal article called Digital
• 12:05
  Asset Rules Need Clarity. Now, I would read you portions
• 12:09
  of this, but I don't have a Wall Street Journal account.
• 12:13
  But you could see a little bit it goes Digital asset rules
• 12:15
  needs clarity. U.S. financial regulation sets
• 12:18
  the standard for the world. Congress needs to act to keep it
• 12:21
  that way. But I do have a couple of
• 12:24
  updates from people with tweets and I, I tried to, you know, I,
• 12:30
  I, I tried to, I don't even know if I can say I, I tried to read
• 12:35
  the article. Maybe I need to just give Wall
• 12:38
  Street Journal my money, apparently.
• 12:40
  But here is kind of the breakdown of what I saw a lot of
• 12:46
  people talking was actually in this article.
• 12:50
  And it is, I better have liked it.
• 12:53
  Here we go. OK, 100% with Senate Secretary
• 12:58
  Scott Besson passed the Clarity Act protect consumers, ensure
• 13:01
  the US dominates, dominates in digital assets.
• 13:06
  So that's basically the take away, right?
• 13:09
  Pretty much the whole take away of what the article is.
• 13:11
  Do we really need to read a Wall Street Journal opinion piece by
• 13:13
  the Treasury Secretary, white secretary of Treasury?
• 13:17
  I always forget, but we'll read. I, I got a little bit.
• 13:20
  OK, we got like the first paragraph.
• 13:22
  So here is the framing. the US has long shaped financial
• 13:25
  markets, clear rules, credible enforcement and a willingness to
• 13:28
  adapt to innovation and made the American approach to market
• 13:31
  regulation the world standard. But maintenance of this
• 13:34
  leadership is far from guaranteed.
• 13:35
  To preserve it and rise to the challenge before U.S., Congress
• 13:39
  must pass the Clarity Act Senate floor time is scarce and now is
• 13:43
  the time to act. The one thing I do fully agree
• 13:49
  with and I think this is not so much a opinion.
• 13:55
  Bitcoin is the shit coin lol. What is not an opinion here is
• 14:02
  that statement of what the US does sets the precedent for the
• 14:07
  rest of the world. Whether people love the US or
• 14:10
  hate us, whether there are enemies or there are frenemies,
• 14:14
  what we do does set the standard, which I think is the
• 14:18
  most important part in your mind to frame this conversation.
• 14:23
  Which is why I keep saying no bill might be better than a bad
• 14:26
  bill. Because if we get bad
• 14:28
  legislation, if this Clarity Act gets pushed through with all of
• 14:32
  these different compromises that we've heard from the banking
• 14:34
  GOP, which I believe you guys could Fact Check me in the chat,
• 14:39
  which I believe that Nancy Pelosi is the head of, this
• 14:43
  could do way more damage than be a positive for the industry.
• 14:47
  It, it could really set us back more though.
• 14:50
  The idea if you're more positive about the clarity Act passing is
• 14:54
  once it passes, a lot of capital is going to get released.
• 14:58
  A lot of people that are waiting on the sidelines that are may be
• 15:01
  unsure of this industry, of this ecosystem.
• 15:05
  Now they finally have clear rules of the road with quotes
• 15:09
  and they will finally feel comfortable to deploy capital.
• 15:12
  This is what every I think This is why the whole industry is
• 15:16
  even covering this new story is because it seems that's the
• 15:19
  thesis at the very least. And hey, we've been wrong a lot.
• 15:22
  There's been a lot of things that we've directionally been
• 15:25
  right, but sometimes in actuality, it happens a little
• 15:30
  different than than we think it's going to happen.
• 15:32
  But in thesis, in theory, once this passes, capital will be
• 15:38
  deployed into Bitcoin and potentially a lot of shit coins.
• 15:43
  So This is why I think everyone is on pins and needles waiting
• 15:46
  to see this happen. Further, this is one of the big
• 15:51
  pushes from the Trump administration.
• 15:52
  Again, they want to be the world crypto capital, Bitcoin capital
• 15:56
  of the world. And if we do get very favorable
• 16:00
  regulation here, capital will be attracted to the US and they can
• 16:05
  maintain the dominance that they've maintained.
• 16:07
  Again, capital flows to where it's treated the best.
• 16:10
  And before I hear you guys say like, oh, Opti and simply
• 16:14
  Bitcoin and the whole team and all Bitcoiners are cheering on
• 16:17
  the state, you guys are disgusting.
• 16:19
  This is where we are right now. We can acknowledge that this is
• 16:25
  happening and at the same time not necessarily be the biggest
• 16:30
  fans of this and push for the best regulation possible.
• 16:34
  I don't think that those two ideas are mutually exclusive.
• 16:37
  I I think you can realize that yes, I am a separate money from
• 16:43
  state person. I am a hardcore bitcoiner.
• 16:46
  But if they're going to pass laws, then we should probably
• 16:49
  have Bitcoiners there to make sure that it doesn't hurt us.
• 16:53
  It's really not that complicated in my mind.
• 16:55
  And I have a 42 IQ. OK, so going further, most bills
• 17:01
  are bad. So yeah, 100%.
• 17:04
  So going a little further, we have a David Sachs responding to
• 17:08
  this. Of course, the ex Cryptozar, his
• 17:11
  time is up in Washington as the quote Cryptozar.
• 17:15
  Now he's on the, I forget what it's called, like the
• 17:18
  Developmental Science Board or some other made-up, you know,
• 17:23
  new council. But this is David Sacks and he
• 17:26
  goes. The Genius Act signed by
• 17:28
  President Trump last year established US leadership on
• 17:30
  stablecoins, which is why I'm so confused that the Clarity Act is
• 17:34
  being held up because of stablecoins.
• 17:36
  But I've already flushed that out going on.
• 17:39
  The Clarity Act, also known as the market structure
• 17:41
  legislation, would do the same for all other digital assets by
• 17:44
  providing clear rules of the road.
• 17:47
  Secretary Besson is right. The time to act is now.
• 17:50
  Senate Banking and then the full Senate should pass market
• 17:52
  structure. I'm confident that they will.
• 17:55
  And then President Trump will sign this landmark bill into
• 17:58
  law. Now, I might not be as confident
• 18:00
  as David Sachs is, but again, I'm not.
• 18:03
  I wasn't in those rooms. I don't know what's going on
• 18:06
  behind the scenes. So it's the only reason why I'm
• 18:09
  bringing up David Sachs here is because he was the OR he is the
• 18:13
  ex crypto czar. I'm guessing maybe he knows a
• 18:19
  little more than we do. So, you know, we're, we're just
• 18:21
  going to get his take here. And here we have Senator Cynthia
• 18:25
  Lummis, the Bitcoin senator and she goes again, interesting
• 18:30
  framing here. Secretary Scott Besson says it
• 18:34
  best. Now is the time to act.
• 18:36
  We have the administration, the momentum and we've made
• 18:38
  bipartisan progress. Congress must pass the Clarity
• 18:41
  Act now. So that is the current update.
• 18:47
  That's where we currently are with the Clarity Act.
• 18:51
  If I wasn't doing this show alone, I would do a poll of
• 18:53
  like, do we think this is going to pass?
• 18:55
  So I'm going to do the one if you think it will pass by end of
• 19:00
  April 2, if you think it's DOA, and then I'm going to keep
• 19:04
  going. And you and you guys tell me in
• 19:06
  the chat, they did 18 months of research.
• 19:09
  It has to be true. Oh, you're talking about.
• 19:11
  Yeah, Adam back apparently is Satoshi, according to was it the
• 19:14
  Wall Street Journal, Bbci forget Bloomberg, forget which one it
• 19:20
  was. So that's that's on that's in
• 19:22
  the cultural side. I I don't think I'm going to
• 19:24
  cover that. I we don't need to know who
• 19:28
  Satoshi is. That's the whole point anyways,
• 19:30
  too, Doctor Daniel. Yeah, DOAI agree.
• 19:34
  So I know that the politicians, the senators, even some
• 19:42
  Bitcoiners are very bullish on the Clarity Act actually
• 19:45
  passing. Maybe it's just my knee jerk
• 19:50
  reaction. Maybe it's just my heuristic, my
• 19:53
  kind of first premise of I don't really trust politicians that
• 19:56
  much. I don't really trust Wall Street
• 19:59
  that much. You know, I trust him as far as
• 20:01
  I can throw them type mentality if that's the expression.
• 20:07
  So I'm not as bullish that this is going to pass again, if I,
• 20:12
  and I'm not the biggest politics guy.
• 20:13
  I'm, I'm just now trying to really sharpen my teeth on how
• 20:18
  politics works. Again.
• 20:19
  I came into Bitcoin apolitical. That's what I loved about
• 20:23
  Bitcoin the most is that I didn't have to care about
• 20:27
  politics. But now politics is on our
• 20:29
  doorstep, and therefore I think it's my duty to try to
• 20:33
  understand not only how the political machine works, but
• 20:37
  what the political machine thinks about Bitcoin.
• 20:39
  Because I want Bitcoiners. I want Bitcoiners in control.
• 20:44
  I want Bitcoiners to have the power.
• 20:46
  Maybe that's an extremist position amongst the cypherpunk
• 20:49
  libertarians, but I don't think the nation state's going away
• 20:52
  anytime soon, guys. I would much rather have our
• 20:57
  people in those positions, maybe not outwardly necessarily vocal
• 21:03
  about them being Bitcoiners, but privately being Bitcoiners,
• 21:08
  shaping the law, shaping the rules that we all have to deal
• 21:11
  with. How is that not a win?
• 21:14
  Guys like that is a huge win here.
• 21:17
  I believe Bitcoiners are going to take power.
• 21:19
  I believe Bitcoiners are going to be in control.
• 21:21
  I believe everyone that wants to be in control will have to at
• 21:25
  the very least appease Bitcoiners.
• 21:27
  Now we did move that Overton window when Trump was elected,
• 21:33
  but I also the same time have have the feeling that that might
• 21:38
  have just been a rug pool in and of itself.
• 21:41
  But the precedent, the Overton window has shifted where you
• 21:45
  can't ignore us anymore. I think that's probably one of
• 21:48
  the biggest signals of all of this stuff.
• 21:54
  As we've said before, we are in the room now.
• 21:56
  Well, some of us, and not necessarily the hardcore
• 21:59
  Bitcoiners, but they are trying to get our favorite here.
• 22:02
  And I think if what we see coming up in the midterms is
• 22:07
  anywhere close to being the true state of events, I think the
• 22:14
  Republicans are going to need, and I emphasize need to go out
• 22:20
  there and do stuff for the Bitcoin voting cohort.
• 22:24
  A lot of us Bitcoiners aren't that happy with what's going on
• 22:27
  with the Trump administration. Yes, Ross Ulbricht was freed.
• 22:31
  Yes, we've got some, you know, I guess rhetorical executive
• 22:35
  orders, just to put it nicely. But we haven't really seen that
• 22:39
  much. If anything, it's a little too
• 22:42
  little too late, almost. It's been a year and a half and
• 22:45
  what have we seen? I don't know.
• 22:46
  Bitcoin dumped 50%. I thought, I thought a Bitcoin
• 22:50
  quote, Bitcoin president would pump our bag.
• 22:52
  That's the only reason. Look, if Bitcoiners are being
• 22:56
  honest with themselves and with you, the only reason we elected,
• 23:00
  quote a Bitcoin president, this was for him to pump our bags.
• 23:04
  And if we're bags aren't being pumped and we're not seeing
• 23:08
  favorable laws, like what are we doing here?
• 23:13
  So I don't think the Clarity Act is at look, I'm being cynical.
• 23:16
  Maybe I'm black pilled on the Clarity Act.
• 23:19
  I don't think it's going to happen again if this doesn't get
• 23:25
  pushed through by the end of April.
• 23:28
  Like the real, real deadline is somewhere in June because that's
• 23:32
  when, you know, all the senators in Congress take their vacation
• 23:36
  for a couple of months. And then by the time they come
• 23:38
  back, the midterms are in full force and they're not going to
• 23:43
  be doing anything that's going to ostracize Pete voters.
• 23:47
  So the the time like the clock is ticking here.
• 23:52
  They keep saying, you know, at first it was like end of March.
• 23:56
  Actually, at first it was like, this is going to happen January
• 23:58
  of 2026, and then it's like February, then it's March.
• 24:02
  And now we're waiting and they're saying April, end of
• 24:04
  April. And now we have even more
• 24:08
  obstacles and stumbling blocks. And the lobbying groups, the big
• 24:11
  banks, they're holding this whole thing up, even though I
• 24:16
  thought this was resolved with the Stablecoin Genius Act.
• 24:21
  So they're saying two weeks, guys.
• 24:25
  Well, yeah, we'll we'll say 2 weeks.
• 24:27
  They're saying, hey, the last two weeks of April, this is
• 24:31
  going to go through. They're very optimistic about
• 24:33
  it. And and of course, maybe they
• 24:35
  have to be, maybe it's their job to be that optimistic, but it's
• 24:39
  my job to just give you my opinion on where we currently
• 24:42
  are and what I see coming down the pipeline.
• 24:44
  And I just don't think it's going to happen and further from
• 24:48
  what I've seen of the clarity act at this point, I don't even
• 24:51
  think I want to see this pass. I think this is going to do more
• 24:54
  harm to us than good. Maybe potentially if it does
• 24:59
  pass, I guess non zero chance we do see some capital deployed
• 25:02
  into Bitcoin and like hoorah number goes up, bear markets
• 25:05
  over I'll eat some crow. It's fine.
• 25:08
  I'm, I'm, I'm happy to be wrong on this if it does attract
• 25:11
  capital, but maybe this is just my left side of the bell curve
• 25:17
  showing here. You know, my gut's telling me
• 25:21
  this is probably going to be a heaping pile of BS because of
• 25:29
  all the compromises that have been given to the banks, because
• 25:34
  we have to persuade the banks to make this happen.
• 25:37
  And what do the banks want to do?
• 25:39
  They want to protect their Moat. That's why I find it so
• 25:42
  interesting that the Eleanor Teret know or the update is, oh,
• 25:47
  hey, the big banks are actually saying or the banking GOP is
• 25:50
  actually saying, look, we're here to protect the little guys.
• 25:53
  The big guys are going to be good.
• 25:54
  But the little guys, they're the ones that we are worried about.
• 25:57
  And it's like, OK, literally what's the saying?
• 26:02
  What's the expression? The the scariest statement you
• 26:10
  can ever hear is I'm from the government and I'm here to help
• 26:13
  you. I think this is where we are,
• 26:17
  guys. I think this is where we are.
• 26:21
  Let's see. Let's see.
• 26:24
  All right. I got a couple ones in here,
• 26:28
  three if you don't care. Yeah, actually you guys are more
• 26:33
  bullish than me on the Clarity Act passing.
• 26:37
  You guys are way more bullish than me on the Clarity Act
• 26:39
  passing. But hey, you know, that's that's
• 26:42
  what makes Bitcoiners in whole a healthy community being nice is
• 26:49
  because we don't have to all disagree.
• 26:50
  We don't have to all agree. We can disagree as long as we
• 26:54
  all are working towards the betterment of Bitcoin, trying to
• 26:58
  see Bitcoin adopted, trying to see Bitcoin use.
• 27:01
  That's the most important part. So that's where we are, guys.
• 27:09
  It looks like the Wall Street banks are fighting the Trump
• 27:14
  administration and actually, you know, shuts up the dent down
• 27:17
  under Blues. He's been in the chat for weeks
• 27:19
  now saying that, hey, what Trump wants to do wants to do good,
• 27:25
  but he's getting a lot of pushback.
• 27:26
  And look, this, this story, this example was literally that.
• 27:31
  Now, obviously I think incentives guide everything.
• 27:35
  Incentives will override maybe political opinions.
• 27:39
  But where we currently are, I think the banks are more
• 27:41
  incentivized to kind of fight innovation and fight the new
• 27:46
  technology because their business models are built on the
• 27:49
  old stuff. And it's hard to teach new dogs,
• 27:53
  old dogs new tricks. They don't want to update their
• 27:56
  business. They don't want to lose their,
• 28:00
  you know, competitive advantage. They just want to keep doing
• 28:03
  what they want to do, keep doing same thing that they've always
• 28:07
  been doing. And now they are being forced to
• 28:12
  face the reality. Now the real question is will
• 28:15
  they win? Will they override the quote
• 28:17
  crypto community or crypto industry?
• 28:20
  Will our industry get dwarfed by the money, the lobbying, the
• 28:27
  power of the banking industry, the the corporations, you know,
• 28:32
  behind Wall Street that really don't want to change things,
• 28:35
  though we have heard from, you know, the SEC chair, Larry Fink,
• 28:40
  this whole idea of tokenize all the things and, you know, block
• 28:44
  chains, everything's going to be on the block chain.
• 28:46
  And it's like, Oh my goodness, what year are we in?
• 28:52
  And we back in 2017, guys? Has it literally been a decade
• 28:55
  and Wall Street hasn't learned a thing?
• 29:01
  Scott Besson does, in fact, own a lot of Big One Ultra drip your
• 29:08
  wallet pass with no compromises. I mean, dude, in a perfect
• 29:13
  world, that's what would happen. That's not where we are.
• 29:21
  It has been compromised. There has been lots of
• 29:24
  compromises and they might be more compromised from our end.
• 29:28
  So look, if you're waiting on the sideline to deploy your
• 29:33
  capital because you're waiting for the Clarity Act to, you
• 29:36
  know, buy into Bitcoin, that might be a bad move.
• 29:42
  I'm willing to be wrong. If we get an update here next
• 29:45
  week, I'm we'll probably get one at some point next next week and
• 29:50
  it is favorable. But again, why is the clarity
• 29:53
  act, which is supposedly going to be good for Bitcoin and the
• 29:56
  whole quote digital asset space being held up on stable coins
• 30:00
  when the genius act already went through?
• 30:04
  Like, what are we doing here at this point?
• 30:09
  The stablecoin rewards probably don't even don't don't even beat
• 30:13
  inflation. It's like, what what are we
• 30:16
  talking about here, guys? I don't know.
• 30:21
  I'm I'm kind of black pilled on Bitcoin and politicians and
• 30:24
  Bitcoin and Wall Street. I just want to see the capital
• 30:27
  flow in. I just want to see number go up.
• 30:30
  But hey, I can't you can't. What's the what's The Rolling
• 30:33
  Stones song? You can't always get what you
• 30:35
  want, but you get what you need. I don't even think we're going
• 30:38
  to get what we need here. But anyways, I digress.
• 30:40
  I digress. Anyways, O opti dude, I'm I'm
• 30:47
  guys, I'm trying, I'm doing my best.
• 30:50
  I'm trying to stay optimistic and hopeful about where we're
• 30:54
  going. I am, I mean, still optimistic.
• 30:59
  It's a way of life. That's how I'm wired.
• 31:00
  But man, I don't know guys, I don't know.
• 31:04
  Anyways, anyways, I, I'm digressing, I'm crashing out
• 31:08
  live on the show in the news. We do have an update on the
• 31:12
  tornado cash Roman storm case. Hopefully we can get a live
• 31:17
  update by the time we get to the news.
• 31:19
  We got, we got a, some, some tentatively hopeful news coming
• 31:26
  today. We, we, you know, we got, we got
• 31:28
  a, we got a big fight up ahead and it's happening as we speak.
• 31:33
  And then guys, I don't know if you guys saw, but there's this
• 31:35
  clip of, I forget the guy's name, but the diary of the CEO
• 31:39
  guy. He had some quote economist on.
• 31:43
  And guess what he's saying, guys, bitcoins going to zero.
• 31:49
  You just love to see it. You love to see it.
• 31:51
  And then in the, in the culture to wrap up the show.
• 31:54
  I, I will, I'm going to basically do what, what I did
• 31:56
  yesterday, but with the updated numbers and, and again everyone,
• 32:00
  sorry for what happened yesterday.
• 32:02
  We have no idea what happened. Our show just got flipped to
• 32:05
  private literally mid show. You guys all got kicked off.
• 32:09
  It came back public later. No, no problems.
• 32:13
  But we literally don't know what happened.
• 32:15
  It it's, we have some weird glitch that we're trying to
• 32:18
  figure out what the source of the issue is.
• 32:21
  Hopefully that doesn't happen today.
• 32:22
  Anyways, on that note, first commercial break, I'll be right
• 32:25
  back. Today's episode is brought to
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  you by Bitcoin Well Infinite. If you're a serious Bitcoin
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  se-ed.com store. We're back.
• 34:39
  We're back. Wait, hold on.
• 34:43
  Am I? Am I glitching or are you
• 34:45
  trolling me? Mind of Elijah and Rumble Optico
• 34:48
  the entire show glitching out. Nico hits the wrong button.
• 34:52
  Am I glitching today or what's that are you talking about
• 34:54
  yesterday? Anyways, anyways, I think I'm
• 34:58
  coming in. I think I think I'm coming in
• 35:00
  good today. All right, current Bitcoin.
• 35:02
  Oh, dude, all right, whatever. The current Bitcoin price is
• 35:07
  $72,360.00 per Bitcoin. Hey guys, I'm not going to chart
• 35:13
  boy on you guys 'cause you guys troll me about chart boy in.
• 35:16
  But remember that trend line I've been talking about and it
• 35:19
  got destroyed a couple of like last week, couple days ago,
• 35:25
  dude, I, I got, I was too lazy to change it.
• 35:29
  My trend line's holding up perfectly right now.
• 35:32
  Boys, boys and girls, trend line reclaimed intact.
• 35:39
  I don't know what's going on guys, I don't know what's going
• 35:42
  on but the current discount from all time high is 42.7%.
• 35:46
  The market cap we have reclaimed $1.45 trillion market cap.
• 35:51
  The current block height is 944,366.
• 35:55
  Now you know me, I usually like to up upload these videos, but
• 36:00
  for some reason this isn't working on me.
• 36:03
  So I'm going to have to screen share it, make sure I I'm going
• 36:10
  to watch, tell me if it if it plays, if the audio plays, it
• 36:13
  should play. But we have, I guess Steve Keen.
• 36:17
  I don't I don't know who he is, but he was on the diary of Aceo,
• 36:20
  which if you don't know, is one of the biggest podcasts.
• 36:23
  I think it's the fastest growing podcast of 2025.
• 36:27
  I forget the guy's name, but the the host absolute animal killing
• 36:32
  it. One of the biggest podcasts
• 36:34
  ever. Well I wouldn't say ever of last
• 36:37
  year. It's one of the biggest podcasts
• 36:38
  currently and he goes on bitcoins going to 0.
• 36:42
  But guess what his reasoning is? It uses too much energy.
• 36:47
  Guys what year are we in bro? What absolute year are we in?
• 36:52
  Are we in 2026 or is this? Are we a decade back or is just
• 36:57
  everyone's understanding of Bitcoin literally a decade old?
• 37:02
  Like what? Dude, Eternal September is going
• 37:05
  to be the death of me. We're going to have to literally
• 37:09
  rehash all of the Bitcoin FUD. And at this point maybe I'm just
• 37:15
  old boomer now. I'm unk, I'm old and crusty.
• 37:20
  I'm just like dude, I, I don't have.
• 37:22
  I'm going to leave that to the youngins, the the zoomers out
• 37:25
  there to be in the trenches and battle all of this stupid.
• 37:31
  But I, I'm, I'm too old for this.
• 37:34
  Maybe it's because of my job, social media.
• 37:35
  Now I'm like, I ain't got the bandwidth to argue with people
• 37:38
  on Twitter. Kudos to anyone that can still
• 37:41
  argue with people on Twitter because I I can't do it.
• 37:44
  But anyway, anyways, let's let's watch this clip.
• 37:46
  Let me know if you hear it because for some reason, for
• 37:50
  some reason I'm having issues over here, so you should be able
• 37:52
  to hear it. Let's let's watch it.
• 37:54
  I wanted to come back to something you actually said
• 37:55
  earlier. You talked about Bitcoin
• 37:57
  briefly. I've heard you say that you
• 37:58
  think Bitcoin's going to 0. Yeah.
• 38:01
  OK, this is worrying. I think I have some Bitcoin.
• 38:04
  You're an economist. Yeah.
• 38:05
  You're saying that Bitcoin is going to 0.
• 38:07
  Why? Because ultimately because of
• 38:09
  its reliance upon energy. I mean, I'm, you know, UMX, UMX
• 38:13
  cars around Stacey Herbert. Have you met them at all?
• 38:15
  No, they were sort of the original proselytizers for good
• 38:18
  Bitcoin. And they're now living in, I
• 38:21
  think, El Salvador, which has adopted Bitcoin as a form of
• 38:25
  currency. When they told me about Bitcoin,
• 38:28
  I could have bought it for a pound of a Bitcoin, which would
• 38:30
  have been, I would have been bloody, would be wealthier than
• 38:32
  you if I'd done that. The reason I didn't was they
• 38:34
  explained that the way that the public Ledger has kept safe is
• 38:39
  that it takes too much energy to break it.
• 38:41
  So each transaction requires 10 minutes of computer processing
• 38:45
  time globally, by the looks of it, to actually create an extra
• 38:50
  Bitcoin. And that means it's too
• 38:52
  expensive for somebody to try to break the Ledger.
• 38:55
  That means it's got a huge requirement for energy use.
• 38:58
  And I believe, knowing what I know from climate scientists,
• 39:04
  that at some point we're going to realize we're using far too
• 39:06
  much energy on the planet. We've got to cut the energy
• 39:09
  consumption, and the two easiest things to cut out to reduce
• 39:12
  energy consumption are cryptocurrencies and
• 39:15
  international travel. Yo hey yo hey, let's trust the
• 39:23
  climate scientists. Bro.
• 39:25
  I thought ESG was dead. Hold on, I I want to find that
• 39:29
  chart where there is I'm I'm searching on Twitter.
• 39:36
  There is no rich nation that uses less energy.
• 39:41
  You guys know the chart I'm talking about.
• 39:43
  Let me see if I can Let me see how good this Twitter search is.
• 39:49
  I forget what the I forget what what it's called.
• 39:57
  Damn, it's not working. Twitter search is not working.
• 40:01
  You're you're going to have to you're going to have to take my
• 40:03
  word for this. There's this chart and it shows
• 40:08
  that the more energy, wait, sorry, the more energy that is
• 40:12
  used, the richer the nation, the richer your country.
• 40:17
  There is no prosperous country in the world that doesn't use a
• 40:22
  lot of energy. I am like almost astonished that
• 40:26
  we. Now are at the point where
• 40:29
  people are taken seriously that come out here and and literally
• 40:36
  seriously without a smile and a smirk on their face claim that
• 40:41
  like trust the climate scientists, experts and they
• 40:46
  tell me Bitcoin uses too much energy and guess what we have to
• 40:49
  do in the future. We have to use less energy.
• 40:53
  I thought that whole ESG narrative was cooked.
• 40:56
  Remember the what, a year or two ago?
• 40:58
  It was like, guys, we are on the path of using way too much
• 41:02
  energy and then AI bubble or hype cycle or maybe the
• 41:07
  realization that AI is going to fundamentally change the world.
• 41:10
  It was like wait, wait, wait, wait, wait, hold on, hold on.
• 41:13
  We never said that we need to use less energy.
• 41:17
  We said we need to use more energy because AI data centers
• 41:21
  need more energy. So now the ESG narrative is out
• 41:24
  the window and we can use as much energy as possible.
• 41:28
  Further, the big boss, Larry Fink said ESG is dead.
• 41:33
  I don't think, I don't think he got the message.
• 41:35
  I don't think he got the memo. It's OK for us to use energy now
• 41:42
  being a less a little less sarcastic about it.
• 41:48
  And you know, you can believe what you want whatever side of
• 41:52
  the aisle you want to be on. But I think he exposed himself
• 41:56
  if anyone wants to control your energy.
• 42:01
  Sounds like a collectivist to me.
• 42:04
  But what do I know? Maybe, maybe this hat is lined
• 42:07
  with tinfoil and you just don't know.
• 42:11
  OK, OK, I'm trolling. I'm trolling.
• 42:12
  You know what? Actually, I'm going to troll
• 42:14
  harder. I don't, I don't even care.
• 42:15
  Like I I'm not going to take what he's saying seriously
• 42:19
  because it's ridiculous. OK, sorry.
• 42:22
  That's just how I view things. You know what I heard when he
• 42:25
  said this besides just a ridiculous climate scientist
• 42:28
  stuff. And, and I think the only reason
• 42:30
  we're talking about this, and I want to talk about this is this
• 42:33
  all this is on the diary of Aceo YouTube, which is one of the
• 42:39
  biggest YouTube current Bitcoin podcast.
• 42:42
  Let me see if I can find how many people watch this hot
• 42:46
  garbage. 3.3 million people yo. 3.3 million people saw this and
• 42:59
  three months will enter. Dude.
• 43:01
  See being a doomer. Being a doomer apparently pays
• 43:06
  3.30. I didn't show you verify. 3.3
• 43:10
  million views guys, people thinking Bitcoin is going to 0
• 43:20
  because of M energy, because of M climate science experts, we
• 43:27
  got a we got a long hill to go. But again, you know what I
• 43:30
  heard? You know what I heard?
• 43:34
  I heard some cost fallacy. I heard someone that didn't buy
• 43:37
  Bitcoin at $1.00 and now it's like I missed the boat.
• 43:41
  So what am I going to do? I'm going to name drop climate
• 43:47
  scientists and say, hey Bros, I wouldn't use that because hold
• 43:51
  on, checks notes. It uses too much energy.
• 43:57
  What man? Guys, guys, actually there was
• 44:04
  a, there was a good, there was a good set.
• 44:06
  Let me see if I can find this quote.
• 44:08
  Someone said something while I was watching this the clip it
• 44:12
  said thank you. Thank you Koi cowboy.
• 44:20
  I appreciate it. I'll I'll pull that one up here
• 44:23
  we go. This is the one.
• 44:24
  The real dandy goes on to explain how Bitcoin works and
• 44:29
  displays. He doesn't know what he's
• 44:30
  talking about. That's the best heuristic for
• 44:33
  any of this stuff. If you talk to people, they ask
• 44:37
  you, you know about Bitcoin or they try to tell you about
• 44:39
  Bitcoin. You just ask very simple
• 44:41
  questions and very quickly you come to the conclusion that they
• 44:46
  really don't understand what they're talking about.
• 44:52
  This guy missed the train. At a dollar say coins at 72 K,
• 44:59
  he could add a 72,000% gain if my math's right.
• 45:03
  Right? I'm pretty sure that's how that
• 45:04
  works. And now he just decides to go on
• 45:11
  and flood Bitcoin because it's going to use too much energy.
• 45:13
  Remember when they used to say that Bitcoin was going to boil
• 45:15
  all the oceans? Or that Bitcoin uses more energy
• 45:20
  than Denmark? Now we've gotten to the point
• 45:27
  where, hey, look, you know what, it's going to zero too much
• 45:32
  energy. We should just unplug Bitcoin
• 45:35
  because it's going to boil the oceans again.
• 45:39
  Actually, I thought it was already supposed to boil the
• 45:41
  oceans. I thought actually, remember
• 45:42
  that one research report, research paper that said that by
• 45:47
  I believe it was 2025, that was the date that by 2025, Bitcoin
• 45:53
  was going to use all of the world's energy.
• 45:56
  We'd have no more energy left. Yo, what are we What are we
• 46:01
  talking 7.2 mil percent? Damn.
• 46:05
  Yeah. OK, 72 X OK, sorry. 72 X is 7.2
• 46:12
  mil percent, Right. Good.
• 46:18
  Yeah, this is a good comment. Yeah, let's let's just ignore
• 46:21
  the fact that the banks are using more energy than Bitcoin.
• 46:27
  But hey, they're fine, you know? Would it be a better idea?
• 46:33
  Yeah. Real donde.
• 46:36
  Oh, man, that's a good one. You know, it would be a even
• 46:39
  better idea than being afraid of Bitcoin using too much energy
• 46:42
  and that's why it's going to 0. What if we just unplug the
• 46:46
  banks? Has anyone ever thought about
• 46:48
  just unplugging the banks? I think our lives would be a lot
• 46:51
  better. Just unblunk unplug the usury
• 46:57
  based financial system. I think.
• 46:59
  I think we'd be living in utopia, but what do I know
• 47:05
  anyways anyways, these people are idiots.
• 47:07
  Opti thing it bored. Yeah, all right, all right, all
• 47:13
  right, all right, let's I'm I'm going to hit a transition.
• 47:16
  We're going to talk about the Roman storm tornado cash case.
• 47:20
  So we do have a recent update and I'm going to check right now
• 47:23
  during the ad break and see if I can get a breaking update for
• 47:25
  you guys. So that's where we're going.
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  I want to give a shout out to our partner, Leaden.
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• 49:17
  OK, before we before we go on, I, I do have to clarify that I
• 49:21
  was right the first time. All right, shouts out the down
• 49:24
  of the Blues, $1.00 to $72,000 is 72,000% right?
• 49:31
  Is that how the mouth is? You guys can argue in the chat,
• 49:34
  but I'm I'm pretty sure I was right the first time.
• 49:36
  OK, I was pretty sure I was right.
• 49:38
  OK, anyways, anyways, enough, enough of me doing the victory
• 49:42
  lap here that I can do some basic maths on a chart.
• 49:45
  Here is an important thing that is currently happening as we
• 49:49
  speak. OK, this is literally happening
• 49:51
  right now as we speak, so shouts out to the rage.
• 49:54
  You guys know I'm a huge fan of the Rage led by Lola Leets.
• 49:58
  Both of those accounts I think are accounts on Twitter that you
• 50:02
  should follow if privacy freedom coverage of what's coming out of
• 50:08
  Washington DC in terms of politics and legislation around
• 50:14
  Bitcoin and freedom tech. If that is something that you
• 50:18
  care about, I highly suggest you follow at the Rage Tech or
• 50:23
  what's their website, therage.co.
• 50:26
  You can subscribe to their newsletter.
• 50:27
  I they don't pay me. I just like their I just like
• 50:30
  what they're doing. OK, I have no connect.
• 50:32
  I've never met Lola Leaf. I have no connection to her.
• 50:35
  I just like what they're doing. This is, in my opinion, probably
• 50:38
  some of the best journalism, actual journalism in the Bitcoin
• 50:41
  space. It is a little more hardcore
• 50:44
  than you know, your average like coin desk journalism, but that's
• 50:47
  why I like them. So the rage tweeted this morning
• 50:52
  about the same time. Wait, is this the same time?
• 50:58
  Yeah, it is. OK, That's interesting.
• 51:01
  Literally the same exact time. Wait, hold on.
• 51:03
  Let me double check. Sorry, I'm fact checking.
• 51:07
  Yeah. How about that?
• 51:08
  All right, before I get into it, how about this?
• 51:10
  How about the dichotomy here? Treasury Secretary Scott Besson
• 51:14
  at eight O 3 this morning tweets the Clarity Act needs to pass.
• 51:19
  Then we got the rage at eight O 3 this morning tweeting this
• 51:23
  today. The future of free software will
• 51:25
  be decided at 10 AM Thurgood Marshall Courthouse, A judge at
• 51:30
  10 AM Thurgood Marshall Courthouse, a judge will decide
• 51:33
  whether Roman Storm's conviction will stand.
• 51:35
  If so, quote, the government would criminalize the
• 51:37
  publication of decentralized software in violation of the 1st
• 51:40
  Amendment. You can read all about Storm
• 51:42
  Roman Storm's motion for Equatorial at the link below.
• 51:45
  Code of speech privacy is not a crime free Roman Storm we've
• 51:48
  covered for a long time on this show.
• 51:51
  When this story first came out, we were very vocal on the idea
• 51:56
  that yo, there is a precedent being happened or being set
• 52:00
  right now. There is a war on privacy
• 52:03
  currently and I I vividly remember seeing some people in
• 52:08
  the chat being like yo simply shit coin like why are we
• 52:11
  talking about an Ethereum privacy mixer?
• 52:14
  Like what are we doing here? And it was we were, we just had
• 52:18
  like a premonition that this was a precedent, this was a going to
• 52:24
  be a landmark case to further attack privacy on Bitcoin later
• 52:28
  on. And what did we find out?
• 52:31
  Couple months later, we saw the samurai wallet dev case and we
• 52:35
  all know what happens. They're literally in jail right
• 52:37
  now for at, you know, at least at least five years.
• 52:41
  Could be a little less depending on of course, you know, good
• 52:44
  behavior, etcetera. But they're in jail currently
• 52:47
  for five years. For creating privacy.
• 52:50
  Software so when this story came out we were very like I think
• 52:53
  ahead of the curve amongst most Bitcoin Maxis Bitcoin only were
• 52:57
  like yo this is not this is not a good thing and here we.
• 53:02
  Are he's trying to get. Acquitted and I do have some
• 53:05
  updates. We do have some updates.
• 53:07
  So Roman Storms hearing for acquittal is in progress.
• 53:10
  We will update you as soon as we can.
• 53:12
  That was at 10:20, the latest update that I just found.
• 53:16
  This was just dropped 7 minutes ago.
• 53:20
  We got updates. The judge has not made-up her
• 53:23
  mind. The court convened for over 3
• 53:26
  hours. But the judge ultimately did not
• 53:28
  come to a decision on whether Roman Storm should be acquitted,
• 53:31
  stating that she had not yet made-up her mind.
• 53:34
  Most importantly, the judge indicated early on that she was
• 53:38
  not convinced of the defense's First Amendment arguments.
• 53:41
  Big oof. The following discussion was
• 53:44
  based around the definition of an overt act as well as on the
• 53:48
  question of venue. Does using New York City based
• 53:52
  infrastructure hosting give SDNY jurisdiction over Storm's
• 53:56
  alleged criminal conduct if the hosting itself was not alleged
• 54:00
  to be a part of the crime? Do an action or failure to act
• 54:04
  constitute behavior in furtherance of a criminal
• 54:06
  conspiracy? Overall, Judge Folia Failure
• 54:10
  Folia Folia Judge Folia asked much detailed questions on both
• 54:16
  sides. Whether Storm's motion for
• 54:18
  acquittal will be granted remains to be unseen.
• 54:23
  So we are still waiting. No update yet.
• 54:27
  I mean, kind of a decent update. Maybe it's a good sign that it's
• 54:31
  getting pushed back, that she hasn't made-up her mind.
• 54:34
  At at least it's a good show in the sense that you know they
• 54:40
  didn't make up. Their mind and then.
• 54:43
  Make sure that the data the. Evidence fit what?
• 54:46
  They wanted the result to be, which seemed to have been how
• 54:50
  the initial court proceedings went.
• 54:54
  If you remember the coverage from the rage that we were, you
• 54:59
  know, showing you guys, that seemed to be the general idea
• 55:03
  that they had already made their mind.
• 55:05
  And they basically used the evidence, cherry picked the
• 55:08
  evidence to get the results they wanted, which was, of course, a
• 55:12
  guilty conviction. So maybe maybe after all of this
• 55:16
  time, after all of the defense work for Roman Storm is is
• 55:21
  showing that look, they basically just made the evidence
• 55:26
  fit to get the conclusion they wanted.
• 55:29
  So maybe this delay is a good thing.
• 55:32
  Hopefully if Roman Storm does get acquitted, that would be a
• 55:36
  very good precedent. Of course, again, for the
• 55:39
  Samurai Wallet dev, not to say that necessarily because if
• 55:43
  Roman Storm gets acquitted that we are going to see the Samurai
• 55:45
  Wallet guys get acquitted or you know, pardon or what have you,
• 55:52
  but we are starting to see that we are in the midst of the
• 55:55
  privacy wars. The reason?
• 55:58
  I brought up the idea of. Literally at the exact same time
• 56:04
  Scott Besson tweeted the rage tweeted about this, which is
• 56:08
  probably just a, you know, a little wink from the Matrix
• 56:10
  maybe, but you're starting to see.
• 56:13
  Something that we. Have been pretty vocal about and
• 56:17
  it's this idea that from the federal level from the Trump
• 56:20
  administration they do keep saying hey we want to be the
• 56:23
  Bitcoin capital of the world and yet at the same.
• 56:27
  Time What are we seeing the. DOJ and, you know, the Southern
• 56:33
  District of New York courts do. They're seemingly attacking.
• 56:37
  Privacy we've seen. A lot of concerning verbiage and
• 56:42
  even results, you know, decisions basically attacking
• 56:46
  privacy, which brings up a lot of the very real concerns of
• 56:51
  bitcoiners that. The powers that be.
• 56:56
  Wall Street, the, you know, the White House politicians, it does
• 57:02
  seem just. Based on some of these.
• 57:04
  Actions that they're trying to neuter Bitcoin that they don't
• 57:06
  want the more radical element of privacy of freedom of you know
• 57:10
  anti surveillance tech, which is one of the big big concerns here
• 57:16
  and we've been talking about this I think if you've been in
• 57:20
  Bitcoin for a long time you understand that Bitcoin can be a
• 57:23
  tool for freedom but if we're not careful and not only not.
• 57:30
  Careful but if. We comply a little too hard.
• 57:34
  It could be a, you know, gilded cage.
• 57:37
  It could be golden handcuffs and that war is happening.
• 57:41
  Right now as. We speak so I am very, very
• 57:46
  hopeful that Roman Storm does get acquitted.
• 57:48
  Now I do have one more tweet here from Lola Leets Which.
• 57:57
  We, we are. Yeah, I.
• 58:01
  Forgot I got to be serious. I got to be serious.
• 58:03
  Dude, don't make me laugh. We have already seen.
• 58:06
  Crypto wars. Happen.
• 58:09
  We are in the crypto wars. You know, at first it was over
• 58:12
  encryption, Now it's crypto wars over privacy, which is really
• 58:16
  just the long tail of the same fight.
• 58:18
  So hopefully we do get a positive.
• 58:22
  Result out of. This but here's check out this
• 58:26
  last. Lola leads tweet.
• 58:27
  This one's, this one's, it's almost, you can almost say it's
• 58:31
  a meme, Lola goes. The Southern District of New.
• 58:35
  York said yesterday it wants to continue prosecuting Roman Storm
• 58:39
  because it could prove that he built Tornado cash for money
• 58:41
  laundering. Does anyone remember how proving
• 58:44
  that went last time for the government?
• 58:46
  I'll tell you how proving that went last time for the
• 58:49
  government. The Southern District of New
• 58:51
  York goes. The defendant had specific
• 58:54
  intent to launder criminal proceeds.
• 58:56
  The court, OK, show us the evidence.
• 58:59
  There was no evidence or rather sorry, the evidence.
• 59:03
  Do you want to know how to stay anonymous on Ethereum and the
• 59:06
  jury is the girl like, wait, what are we talking about?
• 59:10
  Like what is this? And going a little further, what
• 59:14
  giving you a little more context.
• 59:18
  We also saw this from low elites.
• 59:24
  Is it this? Oh, here we go.
• 59:29
  This is the one. This is the one.
• 59:32
  Let me, let me backtrack. A little bit.
• 59:34
  So the Southern District of New York says Roman Storm had
• 59:37
  specific intent to launder money that the measures he implemented
• 59:40
  to stop criminal use, AKA the Chain Analysis Oracle, were
• 59:44
  quote, window dressing, and then alleges that he lied by telling
• 59:48
  users that the protocol was immutable.
• 59:50
  Because Roman Semenov wrote that quote, it is possible to stop it
• 59:54
  as long as the governance makes the right decision.
• 59:57
  Who is this governance, I ask you, and why is Tornado Cash
• 1:00:00
  still running? And what is the evidence for his
• 1:00:02
  alleged intent? So far, the only evidence for
• 1:00:05
  this at trial was a T-shirt with a washing machine on them.
• 1:00:09
  Now read the quote tweet she goes the US government.
• 1:00:14
  Says there is quote. No evidence that chain analysis
• 1:00:17
  sanctions Oracle is effective at stopping criminal use.
• 1:00:22
  Dude, we might. Have gotten.
• 1:00:24
  AW, out of all of this, we might get a couple WS.
• 1:00:28
  If Roman Storm is acquitted. So, reading here, in short, the
• 1:00:31
  defendant's reaction to criminal use of his company was window
• 1:00:33
  dressing at best and outright misdirection at worst.
• 1:00:35
  It was nothing like Cox's robust and 98% effective mechanism for
• 1:00:39
  dealing with known infringement. Indeed, there is no evidence
• 1:00:43
  that the limited screening mechanism the defendant put in
• 1:00:46
  place here was affected by all, and there's ample evidence that
• 1:00:50
  he both knew it would be ineffective when he implemented
• 1:00:52
  it, and knew it was in fact ineffective after he implemented
• 1:00:55
  it. Dude did the government?
• 1:00:57
  Did the US government? Just admit that.
• 1:00:59
  Chain analysis doesn't work but you.
• 1:01:03
  Know that. Infamous black box known as
• 1:01:06
  Chain Analysis might have just got absolutely naked off the top
• 1:01:09
  rope by the Southern District of New York.
• 1:01:13
  Dude, did the SDNYI. Wait, hold on, let me let me
• 1:01:20
  think about this. What, what legal obligations do
• 1:01:22
  I have? What, what can I get in trouble
• 1:01:25
  for saying this? I'll I'll say it broadly.
• 1:01:29
  Did we just get one of the more? Funniest.
• 1:01:36
  Admittance. From one of the.
• 1:01:38
  More funny sources saying that chain analysis doesn't actually
• 1:01:45
  work. Boys and girls.
• 1:01:49
  This might be AW the. Struggle is red guys.
• 1:01:53
  It truly. Is anyways if you don't know
• 1:01:56
  the. Context for years.
• 1:01:59
  There's been. A lot of.
• 1:02:02
  Speculation that chain analysis doesn't actually work, but the
• 1:02:07
  US government, the DOJ, etcetera, they continue to use
• 1:02:12
  it to arrest, quote, criminals in the space.
• 1:02:17
  They continue to use it to stop money laundering, etcetera, and
• 1:02:22
  we don't know what goes. On in chain.
• 1:02:24
  Analysis. I think if I remember correctly
• 1:02:26
  the numbers were something like I I'm.
• 1:02:31
  Someone fact checked me. But it was something like 60.
• 1:02:35
  Percent. Accuracy on this, or rather it
• 1:02:38
  was more like 60% unaccurate and 40% accurate.
• 1:02:43
  And now, and we use this in court cases as being like 99%
• 1:02:48
  dead on evidence that a crime was being committed.
• 1:02:55
  We might have just seen Southern District of New.
• 1:02:58
  York admit that chain analysis doesn't work.
• 1:03:02
  Brutal. Brutal L here actually.
• 1:03:05
  Brutal W So we'll see. Hold on.
• 1:03:08
  Let me let me fact, let me see. I'll I'll update.
• 1:03:12
  I'll update the rage real quick. Maybe maybe something came out.
• 1:03:17
  Nope, not yet. OK, no, no new news.
• 1:03:22
  Maybe I'll cover it tomorrow. If, if, if something comes out,
• 1:03:25
  I'll I'll make sure we're updated on it tomorrow.
• 1:03:27
  OK, guys, for the Friday show, we'll make sure I update you
• 1:03:30
  guys on that case since I'm emphasizing how important this
• 1:03:35
  is. On that note, I will update you
• 1:03:38
  guys on where we currently stand with the ETFs 'cause we did see
• 1:03:41
  a huge launch yesterday and then I don't know what happened to
• 1:03:45
  the show. Literally guys, you know
• 1:03:47
  someone's making fun of me. I think it was JJ, our reigning
• 1:03:50
  cash maxi on Rumble. JJ, he's like lol glitch.
• 1:03:57
  Why would we shut off our own stream?
• 1:03:59
  Dude, answer me that question we didn't do.
• 1:04:03
  This all right? It just did it by itself.
• 1:04:06
  Whatever, whatever, I'll be right back.
• 1:04:09
  I want to give a shout out. To our partner Hive.
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  You can catch the latest buzz at Hive Digital Tech or at Hive
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  digitaltech.com. I want to give a shout out to
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  our partner. SAT 12.
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  store. Yo man, what is it?
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  Minimalize, man. That's all.
• 1:05:56
  That's a funny comment. All right.
• 1:06:00
  Sorry. Sorry, dude.
• 1:06:01
  Stop making me laugh, guys. I can't read the chat.
• 1:06:03
  I I forget. I got to be serious.
• 1:06:04
  Remember, I get yelled at for laughing.
• 1:06:08
  People don't like my laugh. They don't like they don't like
• 1:06:09
  me to have fun here. We can't have fun.
• 1:06:11
  Gosh, fun police everywhere. Anyways, I was I was covering
• 1:06:14
  this yesterday and then we kind of had to wrap up the show
• 1:06:17
  really quickly, but I have the updated numbers.
• 1:06:20
  The only reason I'm I'm starting here is because of this line.
• 1:06:25
  Top 1%. Of ETF launches, you know,
• 1:06:29
  estimated 30 million huge. Launch remember does the Morgan.
• 1:06:36
  Stanley Bitcoin Trust or Morgan Stanley's ETF, the first US bank
• 1:06:40
  to launch an ETF which just shows that there is
• 1:06:43
  institutional client interest into Bitcoin.
• 1:06:46
  Or put another way, it looks like Wall Street wants to get a
• 1:06:49
  little piece of the Bitcoin pie. You know they wouldn't be
• 1:06:51
  launching this Bitcoin ETF at the potential bottom of this
• 1:06:55
  bear market if they didn't think that the long term viability of
• 1:06:58
  Bitcoin going up they can profit off of.
• 1:07:01
  Remember, these institutions make money either way, whether
• 1:07:03
  Bitcoin is volatile or sorry, whether Bitcoin goes down or up,
• 1:07:08
  the volatility is where they make their money.
• 1:07:11
  They don't care. They rack up the fees anyways.
• 1:07:14
  So you could say that maybe that's the only incentive they
• 1:07:17
  have for this is like, hey, our clients are so stupid.
• 1:07:19
  They want this Bitcoin ETF. We will sell it to them, but
• 1:07:23
  we're going to undercut every other.
• 1:07:25
  ETF and have the lowest. Fees possible because hey, we
• 1:07:27
  want to make some money, but we we want to give we want to give
• 1:07:33
  our. Clients a good product.
• 1:07:35
  It's going to all be good. Wouldn't buy it, but you know.
• 1:07:41
  Wall Street fighting for for our money, I guess.
• 1:07:43
  Is it's a good thing? Anyways, here's the official
• 1:07:48
  ending day numbers. Morgan Stanley's Bitcoin ETF
• 1:07:53
  bought 444 Bitcoin on day one, $30.6 million in inflows on $34
• 1:08:02
  million volume. It's pretty big.
• 1:08:07
  Guys, that's. That's a pretty significant
• 1:08:12
  opening day from the first US Bank ETF.
• 1:08:17
  So just to put this in context. Here.
• 1:08:20
  I do have updates on all the ETFs 'cause there is some news
• 1:08:25
  in regards to what's happening in kind of the general ETF
• 1:08:29
  Bitcoin market, which is probably painting the picture of
• 1:08:32
  why everyone's wondering how come the price isn't going up.
• 1:08:36
  But let's just put that put that aside for one second.
• 1:08:40
  We have the new Morgan. Stanley Bitcoin.
• 1:08:43
  ETF launch buying 444 Bitcoin we have sailor.
• 1:08:49
  With stretch. Literally buying that much
• 1:08:51
  Bitcoin at like market open. Let me see if I can find that
• 1:08:56
  tweet from. What I saw yesterday.
• 1:09:02
  It looked as if. Stretch bought like 3000.
• 1:09:09
  Coins Tuesday and we are seeing the interest for stretch at
• 1:09:17
  market open is just scooping up more Bitcoin than the mine
• 1:09:22
  Bitcoin a day. Let me see if I damn.
• 1:09:29
  I dude, I don't like all right, I need to.
• 1:09:31
  Do a better job of of pulling stuff up because sometimes I
• 1:09:36
  hold on. I yeah, I can't show you all of
• 1:09:40
  my likes, guys hold. On let me bear with me, bear
• 1:09:45
  with me. I want to I want to show you
• 1:09:47
  this because it is it is pretty insane what we're watching with
• 1:09:51
  stretch it. It really is mind blowing.
• 1:09:53
  And guys like, I'm not, I'm not going.
• 1:09:57
  To, you know, dive in on. The the gossip.
• 1:10:00
  But did you guys catch Matt Odell's Noster post about it?
• 1:10:05
  Brutal, bro. Matt Adele chose violence that
• 1:10:10
  morning. That was savage.
• 1:10:13
  OK, I guess I didn't like it. Damn.
• 1:10:16
  Just trust me. I know.
• 1:10:18
  I'm like, if I see another one tomorrow or by today to
• 1:10:21
  tomorrow, I'll make sure to like it.
• 1:10:23
  So you guys can just kind of wrap your head like the amount
• 1:10:26
  of capital that's going into Stretch or rather the amount of
• 1:10:29
  interest that is happening with Stretch it it's.
• 1:10:33
  Truly mind blowing. He's buying with just that
• 1:10:36
  single product, the stretch STRC product is buying so much
• 1:10:41
  Bitcoin on the daily basis. It's it's hard for me to to see
• 1:10:47
  that and not be like, yo, this is different.
• 1:10:49
  Like this is fundamentally different.
• 1:10:51
  And he also doubled down and say, hey, we're going to be
• 1:10:53
  buying. We're still buying more common,
• 1:10:56
  more Bitcoin for the common stock.
• 1:10:58
  And of course, Taylor's probably buying personally, it just like
• 1:11:02
  these. Not I don't think we're Dude, do
• 1:11:06
  I got to show you. My trend line I dude.
• 1:11:09
  I know I'm. I know I was.
• 1:11:11
  Wrong about the top. I know I was wrong about the
• 1:11:13
  four year cycle, but I really don't think the bear market's.
• 1:11:17
  Going to last till. October guys, that's that's all.
• 1:11:20
  That's all I am going to say. But anyways they give you kind
• 1:11:24
  of a general update and and this is probably most of the signal.
• 1:11:28
  So remember, we have been following along the kind of
• 1:11:32
  general ETF inflows because they have held up.
• 1:11:37
  Pretty good. They they've actually been
• 1:11:39
  pretty bullish throughout the last what, 5 close to six weeks?
• 1:11:43
  When this war started, it didn't seem like the price drop really
• 1:11:49
  scared the institutional ETF investor.
• 1:11:52
  It almost seemed like they were buying the dip, which is a
• 1:11:57
  interesting dichotomy that we've seen is like retail is
• 1:12:00
  completely gone. Retail is nowhere to be found.
• 1:12:03
  Retail is, you know, out to lunch.
• 1:12:08
  They're not interested in Bitcoin, but the institutions
• 1:12:11
  are dropping Bitcoin products, buying Bitcoin through the ETF.
• 1:12:17
  Inflows. Positioning.
• 1:12:20
  Themselves to be the leaders. In Bitcoin space, or at least
• 1:12:24
  about to drop some Bitcoin products like the Charles Schwab
• 1:12:28
  is about to drop Bitcoin trading within a few months It it
• 1:12:34
  literally. Feels like the foundation, the
• 1:12:36
  stepping. Stones have been built so that
• 1:12:38
  huge capital can come in. And I know a lot of people have
• 1:12:41
  been saying in the chat like, hey, do you guys even buy
• 1:12:45
  Bitcoin anymore? Like does anyone even buy
• 1:12:48
  Bitcoin anymore? Because like, why?
• 1:12:52
  Isn't the price going up? And I'm like, I don't think I.
• 1:12:54
  Don't think retail is in control at all anymore.
• 1:12:57
  For the last two years, I don't think retail has been in
• 1:12:59
  control. I think it's these institutions
• 1:13:01
  and yes they are playing some paper games as the Jane St.
• 1:13:05
  story that we've talked about in the past has proven, as the
• 1:13:09
  GameStop Coinbase story has proven.
• 1:13:11
  Yes there is you know naked shorts happening.
• 1:13:14
  Yes, there is potentially more rehypothecation in the system
• 1:13:18
  than we even believe. And now?
• 1:13:22
  We are starting to see that, yes.
• 1:13:24
  Overall, the ETF inflows have been very good, but we got some
• 1:13:29
  brutal numbers here. Oh hold on, shouts out to
• 1:13:34
  Bitcoin. News for covering this one.
• 1:13:37
  Bitcoin ETFs have. Recorded a 200 and. $83 million
• 1:13:41
  in outflows in the last two days so like.
• 1:13:46
  You know, sailors buying. 10s of millions the Morgan Stanley.
• 1:13:53
  ETF bought 10s. Of 1,000,000, but we're seeing
• 1:13:58
  2. 100 Almost 300. Million of outflows from the
• 1:14:01
  general ETFs now. The real question.
• 1:14:06
  Here is is some of that capital. That we saw outflow.
• 1:14:10
  In the last two days, rotating into the Morgan Stanley Bitcoin
• 1:14:14
  ETF. So it's not necessarily leaving
• 1:14:16
  the ecosystem per SE. Maybe they're trying to get the,
• 1:14:19
  you know, .14% fees. So maybe some of that capital is
• 1:14:26
  waiting on the sideline so it can kind of get back in towards
• 1:14:30
  the Morgan Stanley ETF. So it's not necessarily saying
• 1:14:33
  it's completely gone, but they are cells.
• 1:14:37
  Remember how the ETFs work? Those would be considered.
• 1:14:41
  Sales on the open. Market now.
• 1:14:47
  Is there some rehypothecation happening?
• 1:14:50
  Most of them are being custody with Coinbase.
• 1:14:55
  Is there more? Than 21 million coins on.
• 1:14:57
  Paper Is there more sales than actually underlying Bitcoin
• 1:15:03
  assets could be? And that's usually.
• 1:15:08
  Why the hope is for the Clarity Act is that we do get some good
• 1:15:14
  regulatory clarity here, that we do get some clear rules of the
• 1:15:18
  road. And I doubt, look, I doubt it
• 1:15:21
  would be like, you know, the US government saying you can't re
• 1:15:26
  hypothecate Bitcoin. Like I highly doubt that's even
• 1:15:29
  a part of this conversation. But if it were or maybe.
• 1:15:34
  They do kind of the federal. Reserve like 10% needs to be
• 1:15:38
  reserved, which still wouldn't be a good thing.
• 1:15:41
  I'd. Still, you know not.
• 1:15:43
  A good thing, but if we see any inclination of what the clarity
• 1:15:49
  rules might be based off what we're seeing.
• 1:15:53
  From the stablecoin Genius. Act it's going to all most.
• 1:15:57
  Likely be 1 to 1. So they.
• 1:16:01
  Will be barred. From re hypothecating, who
• 1:16:06
  knows? But even with all that being.
• 1:16:09
  Said I hate to be the guy. That quotes the.
• 1:16:13
  Ogs all the time, but one of my favorite posts is that how
• 1:16:16
  Finney tweet literally like a week after or it wasn't even
• 1:16:20
  tweet. It was a Bitcoin talk for him
• 1:16:22
  literally a week after Bitcoin was released, and he basically
• 1:16:26
  said, you know, Bitcoin transactions will be as rare in
• 1:16:29
  the future as they are today. Bitcoin might get the $10
• 1:16:32
  million. Well, Bitcoin will get the $10
• 1:16:35
  million and there will be fully. Reserved Bitcoin.
• 1:16:39
  Banks and they will be fractional reserve Bitcoin banks
• 1:16:43
  and the market will find out which one they want to use,
• 1:16:47
  which is basically saying. The fractional.
• 1:16:49
  Reserve Bitcoin. Banks will most likely blow up
• 1:16:52
  and people will lose a lot of money and it's going to hurt for
• 1:16:54
  everyone. Or it might do the opposite.
• 1:16:58
  If we start. Seeing bank runs in Bitcoin,
• 1:17:01
  maybe we see Omega candle pessimist field.
• 1:17:05
  That wasn't even that pessimistic bro.
• 1:17:09
  I think I've been actually. Kind of bullish here.
• 1:17:11
  Do I? Do I need to?
• 1:17:12
  Do you even have Bitcoin? Off you know dude, I lost in a.
• 1:17:17
  Boating accident? I just like talking about
• 1:17:20
  Bitcoin. Do I need?
• 1:17:23
  To prove my bullishness by. Pulling up a chart.
• 1:17:26
  How long have I been gone? You guys don't want to see the
• 1:17:33
  one minute chart, do you? Shit, why not?
• 1:17:39
  Why not? Let's have a little fun.
• 1:17:44
  All right, this is the end of the show.
• 1:17:45
  I'm only doing this. Because I have memed the one
• 1:17:49
  minute chart. Actually, I'm not even going to
• 1:17:52
  do the one minute chart. Here's my daily chart guys.
• 1:17:58
  I don't know, man, I don't. Know I'm starting to feel a
• 1:18:03
  little bullish here obviously we got to get above 70 three,
• 1:18:09
  8:00-ish you know I want to see Bitcoin at 75 and then I will be
• 1:18:15
  regardedly. I will be hold on, hold on.
• 1:18:21
  I will be super optimistic. I would be incredibly bullish,
• 1:18:29
  but check it guys. My trend line since the.
• 1:18:31
  War. Wait, is that the war?
• 1:18:33
  No, no, that's not the war. When did the war start?
• 1:18:36
  Wasn't February, was it? War in Iran, 2026?
• 1:18:42
  That wasn't February, was it? Oh yeah, it was.
• 1:18:45
  OK so dude I had to stop second guess my since the war I have
• 1:18:54
  this trend line and I put it up. Around.
• 1:19:00
  I don't know, somewhere I think, you know, early March and it was
• 1:19:04
  holding up very strong. And then we got naked March 27th
• 1:19:09
  and I think I was on the show and I'm like, man, my trend
• 1:19:13
  line's broken and I just didn't change it.
• 1:19:17
  I. Just kind of left it.
• 1:19:17
  I'm like. Well, maybe it'll come back, you
• 1:19:20
  know it kissed, came back down. We broke above the 50 day moving
• 1:19:26
  average. It's currently at 68.8 K.
• 1:19:31
  Busted through my trend line pause yesterday.
• 1:19:37
  We did. Get a little pull back.
• 1:19:39
  But look at that guys. Look at that magic dude.
• 1:19:41
  My magic lines, my astrology for men holding up pretty good boys,
• 1:19:48
  we are doing pretty good. Let's see.
• 1:19:52
  I don't know guys. One minute charts looking.
• 1:19:54
  Bullish. I trade that all.
• 1:19:57
  Right. All right, all.
• 1:20:00
  Right, we need to get above 126 K before I get bullish again.
• 1:20:04
  Yeah, I mean, dude, obviously I'm still reeling from 10/10.
• 1:20:09
  World Mental. Update last year what's that
• 1:20:12
  what's that? Oh, that's that's actually
• 1:20:15
  funny. 1010. Was mental health day huh?
• 1:20:21
  What am I? Yeah, dude, I said.
• 1:20:26
  Pause, I said pause. All right, guys, I said pause,
• 1:20:29
  all right, I said pause. Jeez.
• 1:20:36
  I said pause. All.
• 1:20:40
  Right. All right.
• 1:20:41
  OK, I'm done. I'm done.
• 1:20:42
  For today, I'm done for the day. Don't clip me.
• 1:20:46
  Don't clip me. All right guys, As you can tell,
• 1:20:52
  I'm alone today and Nico is currently at the airport.
• 1:20:56
  He's going to bit block. Boom.
• 1:20:57
  I'm I'm stuck in the dungeon. I'm stuck in the dungeon making
• 1:21:02
  content for you guys. I get no.
• 1:21:06
  Breaks dude. I'm here for you guys.
• 1:21:10
  I'll be here tomorrow. It will be just actually let me
• 1:21:13
  double check. Do I have a guest tomorrow?
• 1:21:17
  I hope I don't have a guest tomorrow.
• 1:21:19
  I. Don't know.
• 1:21:22
  I'll be here tomorrow, OK? Same.
• 1:21:24
  Time as always. Appreciate you guys last show of
• 1:21:26
  the week. I hope you guys have a good rest
• 1:21:28
  of your day, eat some good food, get a little workout and get get
• 1:21:32
  your steps in, get some sun if it's sunny where you are, call
• 1:21:36
  your loved ones all that good stuff.
• 1:21:39
  Buy some Bitcoin. I've I need to do the British
• 1:21:42
  huddle like the 5-6 rules of Bitcoin doesn't sound as good
• 1:21:48
  as. The three rules, but.
• 1:21:50
  I got it. I got to switch up.
• 1:21:52
  Anyways, I love. You guys, I appreciate you guys.
• 1:21:54
  I hope you enjoyed today's show. I will catch you tomorrow for
• 1:21:58
  the last episode of the week. Peace out guys.
• 1:22:02
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• 1:22:04
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• 1:22:06
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