Latest / Simply Bitcoin / $1.5T Bank CONFIRMS Bitcoin Will STILL 50x From Here!! | EP 1271

Transcript

$1.5T Bank CONFIRMS Bitcoin Will STILL 50x From Here!! | EP 1271 · Simply Bitcoin

• 0:00
  A 1.5 billion trillion, not billion trillion dollar bank.
• 0:05
  Just dropped a huge. $100 trillion Bitcoin price
• 0:09
  prediction and they said this on national legacy media.
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  That's a 50X from here. Just to translate, A50X from
• 0:18
  104,000 is $5.2 million and again is a large bank, a one
• 0:24
  point $5 trillion bank. That is saying these types of
• 0:28
  predictions isn't just Bitcoin X and these are large players.
• 0:32
  These are institutional players and that tells you how they feel
• 0:35
  about the future of Bitcoin. In my 9 years in Bitcoin, I've
• 0:38
  never seen this much FOMO in my entire career, my entire time
• 0:44
  holding Bitcoin. In fact, I've been saying it
• 0:46
  this entire cycle. This has been the most bullish
• 0:49
  cycle from a news perspective, a little bit bearish on the price
• 0:52
  perspective, and I'm sure the price is going to catch up
• 0:54
  sooner rather than later. Anyways, I'm going to play you
• 0:57
  guys a clip from Franklin Templeton and then of course me
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  and my legendary Co host Optimus Fields.
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  We'll break it down. I am a big believer that
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  people's understanding of these new opportunities and people's
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  excitement about these new opportunities is really starting
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  to ripple out from the original core sets of investors.
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  And as more companies, as more asset managers, as more
• 1:24
  individuals, as more advisors become understanding and excited
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  about this growth opportunity, that demand is going to continue
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  to come in and expand the markets.
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  Don't forget, crypto is still only looking at about a three
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  trillion dollar market cap. That compares to 100 trillion of
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  assets that are being professionally managed.
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  So there's plenty of room for this allocation and these
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  interests to grow. And when there's incoming
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  demand, that really does create a underpinning of support in a
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  market that allows prices to really have that stability, that
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  lets them explore whether they can push higher.
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  So we're going to break down exactly, you know, what is the
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  total opportunity, right? So first she said, you know,
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  she's basically making the argument that there's $100
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  trillion that they can that that quote UN quote, Bitcoin and
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  crypto could tap into. And I would like to make the
• 2:21
  case that it's much larger than that.
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  Sailor also believes that as well.
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  So we're going to be making the case for that.
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  But first, she says that all this demand is coming.
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  All this demand is here. Let's check out this latest
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  article by Coin Telegraph. BlackRock ETF scoops up 3.25% of
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  Bitcoin supply as new money dries up, it goes, it continues
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  to say. BlackRock Spot Bitcoin ETF is
• 2:46
  nearing the $70 billion mark in assets under management,
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  signaling growing interest from institutional investors even as
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  retail inflows appear to be slowing.
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  BlackRock, the world's largest asset manager, has acquired over
• 2:59
  $69.7 billion worth of Bitcoin through its iShares ETF,
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  representing over 3.25% of total BTC supply.
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  Blackrock's I Bet ETF now controls over 54.7% of the
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  market share of all US spot Bitcoin ETFs, which holds 6.12%
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  of the current Bitcoin supply. Blackrock's milestone comes less
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  than a year and a half after US US spot Bitcoin ETFs debuted
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  trading on January 11th, 2024. Now what's really interesting
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  about this, ladies and gentlemen, since this is the.
• 3:35
  Best performing ETF in the history of ETFs in terms of
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  attention, as you can tell, Franklin Templeton is a player,
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  a much smaller player, but they are a player in terms of they
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  have their own ETF as well. So obviously a tremendous amount
• 3:51
  of demand. What did you say?
• 3:54
  There's a tremendous amount of demand.
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  Opti is telling me to read a specific line and it says a lot.
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  Quote. Large institutions like
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  BlackRock are a big part of the price action and supply scarcity
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  is an important driver right now, the analysts told Coin
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  Telegraph, adding that Bitcoin has historically outperformed
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  global assets after major geopolitical conflicts.
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  I mean the fact that World War three almost.
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  Started a couple days ago and the fact that Bitcoin corrected,
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  I think from one O 9 to one O 3, I think was like kind of like
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  the bottom. And now we're kind of
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  channelling sideways. I think is a testament to how
• 4:29
  bullish people feel about Bitcoin.
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  We have been 40 days over $100,000, ladies and gentlemen,
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  40 days over $100,000 Bitcoin. This is something I can think
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  of. We all imagined, we all dreamed.
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  But it's one thing dreaming, it's one thing actually living
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  through these kind of historical days.
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  So anyways, moving on to the next part, Jesse Myers again
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  breaks it down. She says, Oh my God, there's so
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  much opportunity. 100 trillion, That's a 50X50X ladies and
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  gentlemen. People are lucky to get a 10X in
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  one of their in their lifetimes, right?
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  So she's talking. About a potential 50X and Jesse
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  Myers created this this graphic that essentially has gone viral
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  since then it's been used in many presentations including
• 5:15
  Michael Seelers very famous one and he makes the he makes a case
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  that strategy will own $70 trillion of Bitcoin in 20 years,
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  making it by far the most valuable company in the history
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  of the world. Bitcoin treasury companies will
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  hold 50% of all BTC, way more than Bitcoiners are prepared
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  for. Read on why and a personal
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  announcement. It goes on to say to set the
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  stage, there are 1000 trillion. I think that's quadrillion right
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  of assets value in the world. Bitcoin is just .2% of the
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  global wealth. Sailor's perspective is half of
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  all capital is simply looking for the best store value.
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  Bitcoin is the best store value asset.
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  Store value capital will. I don't even know what that word
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  is. Osmotically.
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  Osmotically flow towards Bitcoin, right?
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  Sailor's view is. Half of all.
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  Capital is looking for the best store of value.
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  So out of the thousand trillion sailors making the case that
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  half of that is looking for the best store value over time that
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  will flow into Bitcoin. So it's a lot more than A50X,
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  right? So I mean just do the quick
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  math. Or 50 / 2.
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  That's a 225 X. You multiply that by one O 4,
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  where we're at right now. That's a $23 million per coin.
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  Which sounds absurd. Because of this, Sailor expects
• 6:45
  Bitcoin to grow to a $280 trillion in In total, by 2045,
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  Bitcoin would be 7% of global asset value.
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  Sailor expects Bitcoin to grow to 7% of the global wealth in 20
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  years again, Saylor using Jesse Myers thing he just upgraded
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  updated it right. And then obviously the total
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  global assets are going to grow by 2045.
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  That's how that's how it works and Bitcoin like conservatively
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  is only going to be 7% of that. I don't think that's anything
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  too crazy. So he he goes on to say this
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  would mean $13 million per Bitcoin.
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  Saylor publishes his expectations for how BTC gets
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  bid up to these prices and how are his expectations tracking so
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  far. So he's expecting a, for the
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  next four or five years, he's expecting Bitcoin to have a
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  between a 50 to 37% CAGR. And then after those next five
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  years between 32 and 20%, I mean a 20% CAGR just in general is
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  going to be basically everything then S&P index fund, which is
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  going to beat everything. It's just a it's a solid return.
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  And again, compound interest is insanity.
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  Just go on the Internet, look up a compound interest calculator
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  and just plug in some numbers and you'll see where it goes.
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  Over the last two years an an exodus from Fiat assets, bonds
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  and money has already begun. Hard money assets, Bitcoin and
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  gold are where things are shifting.
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  Sailor is right and this seismic transition will continue.
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  It goes on to say 2023 and 2025 changes in line with sailors
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  expected changes to 2025 to 2045.
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  So just making the kind of the case for all these assets,
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  there's a, there's $318 trillion of capital and bonds looking for
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  greener pastures. But most of this is tied up in
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  fixed income institutional vehicles, which strict mandates
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  this must find yield. That's where Bitcoin treasury
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  companies come in. So it kind of breaks it down and
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  it goes on to say sailors already figured this out.
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  He he remade Strategy as a capital pump to accelerate the
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  flow of capital from bonds to Bitcoin.
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  STRK&STRSTRF offered 8% and 10% yields to bond capital starved
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  for attractive yield on a risk adjusted basis.
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  MSTR takes that money and buys Bitcoin.
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  So he does a very cool infographic here, Bitcoin
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  strategy, convertible notes, sailors coming for the bond
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  market. I mean, Max Keiser has been
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  predicting this is basically saying look like Bitcoin just
• 9:27
  just better than bonds, right? That's the case that he's
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  making. So anyways, Opti, before I
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  continue, do you have any thoughts on this, bro?
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  I mean, like you have Franklin Templeton basically saying like
• 9:38
  100 trillion, Sailors basically saying Jesse Myers is saying 450
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  trillion. Michael Saylor is going after
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  the bond market which has 318 trillion as of 2025.
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  Course it's going to grow over time.
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  So what's your thoughts on this, man?
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  Overly bearish, overly bullish. Thoughts, Opti.
• 9:57
  Yeah, Well, I think first of all, you know, 100 trillion like
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  you said sounds absolutely nuts right now.
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  We're at a 2 trillion market cap, 50X from here.
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  I know a lot of people are saying diminishing returns and
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  you were never going to see a bull run pump again.
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  But when you really look at those numbers and this is global
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  capital again, one quadrillion or 1000 trillion of global
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  capital. If you don't think that
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  bitcoin's going to get more than 10% of that, like what are you
• 10:23
  doing here? I, I think 100 trillion
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  realistically, I don't know the time frame.
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  You know, a lot of people been saying 2030 Sailor's been saying
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  2045, but for all of us, well, rather for a lot of us around my
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  age, I think within our lifetimes, you know, Nico and I
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  were in our mid 30s Blow, I'm more mid, he's young 30s.
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  I think 100 trillion is going to be super easy to get there.
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  Like I think it's an inevitability, even though I, I
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  do believe in the idea that that nothing is inevitable in life,
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  right? But from what I'm seeing and
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  from all the interests we're seeing, it seems like this is
• 10:59
  going to go much higher than $100 trillion market cap.
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  Again, when you look at those charts from Croesus, Bitcoin
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  isn't just going to take, you know, what 1/3 of the bond
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  markets Bitcoin's going to take. If we are correct, and I think
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  we are, Bitcoin's going to take half of the world's wealth, if
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  not in our lifetime at some point.
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  So I think 100 trillion is obviously bearish long term.
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  But again, this is a long term view.
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  And, and a lot of people in life, they have a very high time
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  preference about things. They're, they only really care
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  about what's going to happen next year, 2 years, three years,
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  four years from now. What, what's going to happen
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  when I can retire? Can I retire early?
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  And I think the fundamental shift here is what the the lady,
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  I think her name was Sandy at Franklin Templeton was saying is
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  what we've been saying on the show for a long time, that the
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  education or rather the signal around Bitcoin is starting to
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  permeate throughout the culture throughout these high level
• 11:54
  financial suites. Like they are talking about
• 11:57
  this. They have to kind of go through
• 11:58
  their paces. They have to kind of grok
• 12:01
  Bitcoin, figure out what the what the actual use case is for
• 12:05
  Bitcoin. And I think Saylor, as as much
• 12:07
  flak as he's been getting, I think Sailor's showing a very
• 12:11
  clear master class of what the use case is in, in a just a one
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  specific area, of course, bond markets.
• 12:17
  And we've been covering it. I've been joking about it.
• 12:19
  We are macro traders now. We are, we are, you know, macro
• 12:23
  Bros now because Bitcoin is entering the limelight now.
• 12:26
  We are entering that position. And I think it kind of goes into
• 12:29
  what we always talk about as Bitcoin is money, you know, it
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  gots, it has to have that store of value, need of exchange, unit
• 12:34
  of account eventually. A lot of people say it's all
• 12:36
  happening at one time. And I think this this is kind of
• 12:39
  a similar scenario that we're seeing right now.
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  First and foremost, we're seeing that Bitcoin is kind of
• 12:45
  siphoning wealth out of the bond markets.
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  And as we kind of continue and see this and more people, more
• 12:52
  really, I guess authority figures or people with some
• 12:54
  clout and some wealth come into the the Bitcoin industry, I
• 12:58
  think we're going to start to see this play out in equities,
• 13:00
  in real estate, in gold, etcetera, and art and everything
• 13:04
  else. It's just these are the first
• 13:05
  steps, I think, to kind of show the use case for people that,
• 13:08
  hey, you. And we've been covering these
• 13:10
  different examples throughout the year that first it was like,
• 13:13
  OK, you know, by 1%, by 2%. Now we've gotten so high as 7%.
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  It's only a matter of time until we get everyone out there, all
• 13:20
  of these suit coiners out here, everyone from the institutions
• 13:24
  basically saying, hey, you need at least 25 percent, 30%, maybe
• 13:28
  150% of your portfolio in Bitcoin.
• 13:30
  So baby steps to the world, understanding what is actually
• 13:33
  going on. And if you're here today, you do
• 13:36
  have the inside scoop. You do see the future before
• 13:39
  other people can see it. And in the meantime, it is kind
• 13:42
  of boring, you know, because we do have a lot of high
• 13:44
  expectations of where Bitcoin is going to eventually go.
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  And we're just early, you know, once you're early, or rather
• 13:51
  when you are early, you kind of look crazy.
• 13:54
  And then at someday people are going to be like, how did you
• 13:56
  know? And you're like, well, I
• 13:57
  studied, bro. I put in the work.
• 13:59
  I, I, you know, proof of work. This is what it's all about.
• 14:02
  It is happening in real time. And I, I love to see this.
• 14:06
  Hold on. Even though we necessarily don't
• 14:12
  love the banks, I do love that they are generating the FOMO
• 14:16
  that they're coming out here and being like there is an actual
• 14:18
  use case. Not that we need their
• 14:20
  legitimacy here, but it does kind of make us look a lot
• 14:23
  smarter amongst our friends and family.
• 14:25
  It's like, how did you see that? Well, it's very simple.
• 14:27
  You just understand what Bitcoin is and everything else starts
• 14:30
  falling into place. Yeah, absolutely.
• 14:32
  I mean, look, it it it kind of sounds absurd.
• 14:36
  You know, 50X, you're thinking about that.
• 14:38
  You're like, holy cow. But I remember those days,
• 14:42
  remember like the early days, like 20/16/2017, you know,
• 14:46
  you're, you're just ecstatic that Bitcoin was a, a couple
• 14:50
  $1000 per coin. Like that was unbelievable.
• 14:53
  The fact that it got to 10,000 was unbelievable.
• 14:55
  The fact that it got to 20,000 was unbelievable.
• 14:58
  I think as it like gets bigger, it like starts to become this
• 15:02
  self fulfilling prophecy. Honestly, like that's what I'm
• 15:04
  starting to notice at this point where like, you know, like
• 15:07
  Bitcoin just feels like like it's going to win.
• 15:11
  Like, I mean, when, when you have, you know, orange man
• 15:14
  president of the United States, like advocating for it.
• 15:16
  We're going to be talking about that during the news, the
• 15:18
  numbers segment. I mean, I think that should tell
• 15:21
  you everything you need to know in terms of, you know, Bitcoin's
• 15:26
  potential from a regulatory standpoint, from an
• 15:29
  institutional standpoint, from like just the Bitcoin in the
• 15:33
  eyes of of government, right. Like I, I think it was one of
• 15:35
  the things that Sailor said that was like very powerful, right?
• 15:38
  Which is like the first country that uses their money printer to
• 15:43
  buy Bitcoin is going to win, right?
• 15:45
  And they're going to buy 20% of the supply.
• 15:48
  So I mean, I 100% agree with Saylor when he says that type of
• 15:54
  thing, right? I think it's an, I think, I
• 15:57
  don't want to say arms race 'cause it's not an arms race.
• 15:59
  It's a Bitcoin race to see who can acquire as much Bitcoin as
• 16:03
  humanly possible. Anyways, I do want to give a
• 16:05
  shout out to the live stream 1100 of you guys watching live
• 16:08
  between YouTube and X and 50 of you guys watching live on
• 16:11
  rumble. If you guys are enjoying today's
• 16:13
  show, make sure to smash that like button really really helps
• 16:16
  with the algos and put it pushing this message forward.
• 16:20
  It's going to be a great Friday Opti.
• 16:22
  I think during the culture bro we should bring back the meme
• 16:25
  review. We should review some.
• 16:26
  Meme. I was thinking talking nodes
• 16:29
  dude. We did that yesterday.
• 16:31
  But not enough people are running nodes.
• 16:32
  No, that was 2 days ago. It's a no meme review.
• 16:35
  OK. Oh, now I'm in trouble.
• 16:37
  Elaine, you have to blame Opti. All right, I can find some memes
• 16:41
  real quick. Let me.
• 16:42
  OK, OK, OK, OK, memes. All right, All right, I'll
• 16:45
  figure out some memes. It's gonna be a great show,
• 16:49
  guys. We have tons to talk about.
• 16:51
  We're gonna do lots of breakdowns.
• 16:53
  First, we're gonna start off with this crazy article coming
• 16:56
  out of Forbes. This is the headline.
• 16:59
  This is not simply Bitcoin. You know, title or thumbnail,
• 17:02
  whatever the headline is, Trump confirms massive crypto price
• 17:06
  game changer as trillions predicted to hit Bitcoin market
• 17:12
  absolutely massive. And then we have a clip from the
• 17:15
  Peter McCormack show and it seems like a British MP.
• 17:20
  So a politician says big fan of Bitcoin BTC can break the power
• 17:25
  of an all over mighty state. So I mean, like this is
• 17:28
  continuing to be kind of this trend.
• 17:31
  Bitcoin gives you the, the power back to kind of stand up and
• 17:35
  peacefully protest and reclaim back your financial sovereignty.
• 17:39
  Don't let everyone, don't let anybody try to convince you that
• 17:43
  somehow holding Bitcoin is, you know, dangerous to society.
• 17:47
  Don't, don't try, don't, don't let them psyop you into thinking
• 17:51
  that because that's absurd in my opinion.
• 17:54
  And then something that we haven't been talking about all
• 17:57
  this week and we we've been wanting to talk about Pakistan
• 18:00
  made a huge announcement during the Bitcoin conference.
• 18:03
  And we actually have some follow-ups.
• 18:05
  They apparently have been talking to Trump's team at the
• 18:08
  White House. They spoke to Michael Saylor.
• 18:11
  And of course, our buddies over at the IMF are revolting and
• 18:16
  they're concerned over Pakistan and Bitcoin mining and all this
• 18:20
  stuff. It's, it's kind of weird, man.
• 18:22
  It's, it's, it's very strange to me.
• 18:25
  Like, you know, it, it seems like to me like Bitcoin is
• 18:28
  exposing all these incentives and it's exposing the IMF.
• 18:34
  Like it, it doesn't to me. I'm looking at this and I'm
• 18:37
  like, why? What does it?
• 18:38
  Why is the IMF so concerned that El Salvador made Bitcoin legal
• 18:43
  tender? Why were they so hell bent on
• 18:45
  reversing that law? Why are they so hell bent on
• 18:49
  attacking Pakistan on how they're allocating some of their
• 18:56
  electricity to mine Bitcoin, right?
• 18:58
  Like, why are they so concerned about that?
• 19:01
  Could it be? Could it be, I'm speculating
• 19:03
  here, there's no way to know this for sure, that the IMF is
• 19:07
  more concerned about controlling these developing countries
• 19:12
  rather than actually helping them.
• 19:14
  Because if they're in the business of helping them, they
• 19:17
  would let Bitcoin thrive. But I think that they're more
• 19:20
  interested in protecting their own Moat than they are in
• 19:23
  protecting the benefit of these countries.
• 19:26
  That's what I'm seeing as a bitcoiner, as an observer.
• 19:30
  I'm not seeing the IMF act in good faith.
• 19:33
  I'm seeing the IMF. Act out of self.
• 19:36
  Preservation and self-interest, which means that you know it
• 19:41
  again, like, and I don't blame them, right.
• 19:43
  It's a, it's an or it's an organization, it's an
• 19:45
  institution. It wants to survive.
• 19:48
  You know, there's, but at the same time, you know, it's the
• 19:53
  reason the IMF is supposed to exist is it's supposed to help
• 19:57
  these countries, you know, get a footing, right?
• 20:02
  You know, provide financing for them so that they can develop
• 20:05
  their economies. But it doesn't seem like they're
• 20:09
  interested in that. It seems like they're more
• 20:11
  interested in suppressing a lot of these economies, right?
• 20:15
  Or kind of I I can't even say that word on YouTube but trying
• 20:19
  to control them. In a way, right?
• 20:21
  So anyways, guys, it's going to be a great show.
• 20:24
  We have tons to talk about, so stay tuned.
• 20:26
  We're going to hit the numbers segment in just a second.
• 20:29
  But before we get into that, I do want to give an extremely
• 20:34
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  As soon as you buy Bitcoin and the funds clear, it goes
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  straight to yourself. Custody, Bitcoin wallet address.
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  They don't even give you the ability to leave the funds on
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  wishing well. If you go to
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  bitcoinwell.com/simply or scan the QR code on your screen or
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  check the video slash podcast description, you get 3 tosses
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  into the Bitcoin wishing well. Three opportunities to went up
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  to 1,000,000 SAT's. That's 1000 bucks at today's
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  prices. All you got to do is sign up and
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  buy a little bit of Bitcoin. Anyways guys, no more delay.
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  Let's jump straight into the show.
• 22:15
  We have tons to talk about. We will be right back in just a
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• 23:53
  All right everybody, we are back.
• 23:55
  At the time of recording, the Bitcoin price is $103,660 per
• 24:01
  coin block height 902,073, so that's per dollar.
• 24:05
  Still under 1965 market cap, 2.06 trillion Bitcoin versus
• 24:11
  gold market cap, 8.66% decline from all time high.
• 24:14
  If you're buying Bitcoin right now, you're getting it at a 7.4%
• 24:19
  discount. Realize monetary inflation .84%.
• 24:23
  In the grand scheme of things, we are just getting the party
• 24:27
  started, ladies and gentlemen. Anyways, I got a couple.
• 24:30
  Let's start with the Trump article 'cause it's massively
• 24:33
  bullish. It's Uber bullish.
• 24:36
  I I mean, I can't believe how bullish this article is.
• 24:40
  Let's check it out. This again, This is not a simply
• 24:43
  Bitcoin title. This is a article from Forbes
• 24:47
  Trump confirms massive crypto price game changer as trillions
• 24:52
  predicted to hit Bitcoin market. I think this is something that
• 24:57
  we've been saying over the last couple of weeks and it's all due
• 25:01
  to the passage of the genius act that just passed in Congress.
• 25:07
  By the way, if you guys are enjoying today's show, we're at
• 25:09
  88 likes. Help us break 100 likes by the
• 25:12
  time we get to the 30 minute mark.
• 25:15
  So smash that like button if you guys are enjoying today, simply
• 25:18
  Bitcoin Live, it really, really helps pushing us in the algo.
• 25:22
  And of course, we appreciate the rumble audience's smell as well.
• 25:26
  Follow us on Rumble, smash that like button.
• 25:29
  And of course, if you guys are listening to us on the audio
• 25:31
  platforms, whether it's Spotify or Apple Podcasts or I think
• 25:37
  Google Podcasts, appreciate your support as well.
• 25:41
  Anyways, so continuing to the article, Bitcoin and crypto
• 25:45
  prices have rocketed over the last year as traders bet on U.S.
• 25:49
  President Donald Trump's administration boosting prices.
• 25:52
  The Bitcoin price topped 100,000 late last year and has rebounded
• 25:58
  back above the psychological level after plunging along with
• 26:01
  stocks as a result of Trump's so-called liberation day of
• 26:06
  global trade tariffs. With a fresh Bitcoin price crash
• 26:09
  fear suddenly emerging now as Coinbase issues a serious
• 26:13
  Bitcoin price warning, Trump has said that the Senate passing a
• 26:17
  key piece of stable coin legislation will lead to massive
• 26:21
  crypto investment. It goes on to say the Senate
• 26:24
  just passed an incredible bill that is going to make America
• 26:28
  the undisputed leader in digital assets.
• 26:31
  In fact, I have the video of it right now.
• 26:35
  One at the Coinbase State of Crypto Summit.
• 26:39
  I'm delighted to speak to some of the greatest visionaries and
• 26:42
  pioneers in the fields of tech and finance who are working to
• 26:47
  build a future powered by crypto.
• 26:50
  Many have called me the first crypto president.
• 26:53
  That's an honor. I really do consider that a very
• 26:56
  big honor, actually. And starting on day one, we
• 27:00
  ended the Biden administration's war on crypto.
• 27:03
  It was an absolute war and very unfair, and we unleashed
• 27:07
  American innovators to do what you do best, lead the world into
• 27:12
  new frontiers. We end.
• 27:14
  Up there it is like the president laying down the law,
• 27:18
  basically saying the end of Operation Choke .2 Point O.
• 27:22
  If you're a Bitcoin entrepreneur in the United States, you're
• 27:25
  going to be free to innovate. The article continues to say no
• 27:29
  one will do it better. It is pure genius.
• 27:32
  Digital assets are the future. Our nation is going to own it.
• 27:36
  We are talking about massive investment and big innovation.
• 27:39
  The stablecoin market, dominated by Tethers USDT and circles
• 27:44
  USDC, has rocketed from almost zero 10 years ago to 250 billion
• 27:50
  today. This week, US lawmakers in the
• 27:53
  Senate voted 68 to 30 to approve this bipartisanship, guiding and
• 27:58
  establishing national innovation for US stable coins.
• 28:01
  Before the bill can be sent on to the US President Donald
• 28:04
  Trump's desk for his signature and must be voted through the
• 28:08
  House of Representatives. House lawmakers can either vote
• 28:11
  on it as written or pursue changes that will require a
• 28:14
  final round in the Senate. Quote, the House will hopefully
• 28:18
  move lightning fast and plus a clean genius act.
• 28:21
  Trump said. Get it on my desk ASAP.
• 28:24
  No delays and no add-ons. BT Dubs.
• 28:28
  This has passed the Senate. There's a very high probability
• 28:31
  that the Genius Act will pass. This will give massive
• 28:34
  confidence to traditional financial players, which are the
• 28:38
  ones moving today's market. This is something that Mauricio,
• 28:43
  the Co founder from Leaden came on to explain yesterday.
• 28:47
  This cycle is different, ladies and gentlemen.
• 28:51
  This cycle is not being driven by retail.
• 28:55
  This I'm looking, trying to find Bartow.
• 29:00
  I can't find him. This cycle is not driven by by
• 29:05
  retail like previous, by pre. There you go.
• 29:10
  This cycle is not driven by retail.
• 29:12
  It's driven, yeah, it's driven by institutions.
• 29:16
  Opti's going to pull up a tweet for us.
• 29:19
  Even Bartow, a Bitcoin OG, he's been in the trenches with us
• 29:23
  since the 2017 era. A friendly reminder, retail
• 29:27
  investors aren't going to take us from 100K to 1,000,000.
• 29:31
  Institutions will do the heavy lifting.
• 29:35
  Bitcoin is becoming a mature asset.
• 29:37
  This is what Manicio was saying yesterday, ladies and gentlemen.
• 29:40
  And with the passage of the Genius act, with the rubber
• 29:44
  stamp of approval by the President of the United States,
• 29:48
  what is happening is essentially like it's all these institutions
• 29:53
  want that 30 to 40% annual Kaggar.
• 29:58
  They, they want to jump on the Michael Saylor train.
• 30:01
  They see how micro strategy is performing and they want to
• 30:04
  perform that. They want to provide that value
• 30:06
  to their investors as well. So yes, I mean, we are winning.
• 30:10
  This is what winning feels like. I understand it's a little bit
• 30:13
  boring right now. I understand it's a little bit
• 30:15
  kind of going sideways and you're just like, dude, like
• 30:17
  what the F is going on? Like this doesn't make ah blah,
• 30:19
  blah, blah, blah. Just have patience, have faith.
• 30:24
  You know number will go up. It's just it's not a question of
• 30:27
  if. It's a question of when now and
• 30:30
  again, don't expect the market to behave.
• 30:33
  Mauricio did such a good breakdown yesterday.
• 30:35
  I really recommend watching that episode.
• 30:38
  Don't expect the market to behave like it has behaved in
• 30:42
  the past. You have smart money buying the
• 30:45
  asset now and they're not buying it on exchanges.
• 30:48
  They're not just buying it's spot.
• 30:50
  They're buying it in a way not to move up the price because
• 30:53
  they're buying billions of dollars at the same time.
• 30:56
  So a 20% price increase means a whole lot of a whole lot less
• 31:00
  Bitcoin for them and a whole lot more expensive Bitcoin.
• 31:04
  But I would make the case that what you're that you're
• 31:07
  witnessing, ladies and gentlemen, because this is a,
• 31:10
  this is a Bitcoin show. And we have not forget we we
• 31:14
  have not forgotten our roots here at simply Bitcoin.
• 31:17
  What I believe this is going to do in the long term is this is
• 31:25
  in a way what I believe is a Trojan horse.
• 31:32
  Alex Gladstein wrote an amazing article back in the day called
• 31:36
  Bitcoin is a Trojan Horse for Freedom and he predicted a lot
• 31:40
  of the things that that are happening today.
• 31:45
  He predicted back then he said that governments, institutions,
• 31:49
  tyrants would not be able to resist number go up technology.
• 31:54
  But what they get wrong is that they believe that they can
• 31:57
  separate number, go up technology from freedom go up
• 32:01
  technology. And that's where they get it
• 32:03
  wrong, right. Here is a clip, by the way, of
• 32:07
  just proof of that, of Peter McCormack on his new show, The
• 32:11
  Peter McCormack Show, of interviewing an MP from the UK.
• 32:17
  And he's basically saying stuff that, you know, you wouldn't
• 32:21
  imagine is that the UK culture doesn't have that like kind of
• 32:25
  culture in the US, which is like don't tread on me type of Ron
• 32:29
  Paul. You know this, the United States
• 32:31
  is based on this kind of like, even though it's not like this
• 32:34
  at all since 1913, but it's based on this mentality of like
• 32:39
  limited government, small government, meritocracy,
• 32:42
  individualism. The UK isn't based on that.
• 32:46
  And I think what Bitcoin is going to do to the world.
• 32:49
  Is it's going to. Spread this freedom mine virus
• 32:52
  everywhere, right? And I think stable coins are a
• 32:56
  Trojan horse. I think Bitcoin is a Trojan
• 32:58
  horse. I think one of the things that I
• 33:01
  always post on X every once in a while and it does super well
• 33:05
  every single time is I tell you guys, I'm like, look,
• 33:09
  governments think they're going to be able to regulate Bitcoin,
• 33:12
  but in the long run, it's ultimately Bitcoin that is going
• 33:17
  to regulate government. And that's what I want you guys
• 33:19
  to internalize and understand anyways.
• 33:22
  Let's check out this clip from Peter McCormack.
• 33:25
  Yeah, I'm, look, I'm, I'm a big fan of Bitcoin.
• 33:28
  I don't want to force it on anybody.
• 33:30
  I think that's a big opportunity for the UK.
• 33:33
  You know, one of the things we, we're the first country in the
• 33:36
  world to successfully adopt credit cards was the UK, right?
• 33:40
  They weren't invented here. The, the Barclaycard started in
• 33:43
  the States, but but the adoption massively different.
• 33:47
  And and that's one reason why we're the home of fintech,
• 33:50
  right? We, we've got that ecosystem
• 33:52
  here. So I really, really regret that
• 33:55
  successive governments have been far too timorous, you know, the
• 33:58
  Bank of England far too timorous about Bitcoins.
• 34:02
  But you know, massive disruption, massive challenges
• 34:05
  from that. But if you're worried about
• 34:08
  disruption, the best thing to do is disrupt yourself.
• 34:11
  And there's, there's plenty of use cases that that aren't
• 34:14
  nefarious, you know, don't impede or restrict central
• 34:18
  banks. And they do have some of that
• 34:21
  ability as a sort of as a break on the power of an over mighty
• 34:25
  state. So I I was all in and one of the
• 34:28
  agendas just time didn't give me enough time to advance was
• 34:32
  around bitcoins and distributed Ledger system.
• 34:36
  We got, you know, quite a few of the US firms at that time to
• 34:40
  come over and base themselves in the UKA, 16Z and others,
• 34:44
  Coinbase, they've gone back now because the new administration
• 34:49
  in the US is, is taking a completely different approach.
• 34:52
  So a couple things to kind of break down there, right?
• 34:54
  So first of all, you see the the the flag theory coming into
• 34:58
  place, right? How these A16Z and Coinbase
• 35:03
  actually went to the United Kingdom when they were under
• 35:07
  attack by the previous administration.
• 35:10
  I just put you guys a clip of the new.
• 35:12
  Guys, you understand what happened last November.
• 35:15
  Do you understand what happened? Like, I'll break it down.
• 35:17
  I'll make it very simple for you guys, OK?
• 35:19
  Let me just explain it to you, simplify it.
• 35:22
  And just so, so you guys understand, all right, They
• 35:27
  messed with us and they lost the election and Bitcoiners took
• 35:31
  over the White House. That's what happened.
• 35:34
  That's what happened. They poked us with a stick for
• 35:37
  like 4 years and then we got so pissed off that we just started
• 35:42
  sinking all this money into American politics because that's
• 35:45
  how American politics works. And we literally have a pro
• 35:49
  Bitcoin present in the White House to the point that the dude
• 35:52
  launched a mean coin. Like.
• 35:55
  The week before he was going to get inaugurated.
• 35:58
  I mean, it's not ideal from a Bitcoiners perspective, but if
• 36:02
  that is not a testament to the power and the influence of our
• 36:06
  movement, I don't know what is, right?
• 36:09
  So. And and again.
• 36:11
  As you know that UK politician pointed out what happened the
• 36:14
  new administration came in they're pro Bitcoin and then all
• 36:17
  these companies went back to the United States, right like one of
• 36:21
  our one of our partners, we love them hive right.
• 36:24
  They relocated to they relocated their headquarters to the great
• 36:28
  state of Texas because of this new administration.
• 36:31
  So make no mistake this. Genius act like that.
• 36:34
  That headline from Forbes. Like that's not an over
• 36:37
  exaggeration, right? That is a big win for our
• 36:41
  industry. Stable coins are a Trojan horse.
• 36:45
  You have to get you guys have to understand that any type of pro
• 36:48
  Bitcoin legislation is a Trojan horse.
• 36:51
  You're not going to be able to disconnect freedom from number
• 36:56
  go up. You can't disconnect the 2.
• 36:58
  Right. So we still have to remain on
• 37:01
  guard. We still have to educate the
• 37:02
  masses, the masses on the power of self custody, on becoming a
• 37:06
  sovereign individual. Because you don't, you're not,
• 37:08
  you're not sovereign unless you have Bitcoin in self custody, in
• 37:12
  your own possession. If you outsource the custody of
• 37:14
  your Bitcoin, it's not your Bitcoin, to put it bluntly, to
• 37:18
  put it frankly, right. So yeah, man, but that's what
• 37:21
  happened. They messed with us and they
• 37:24
  lost. Like it was that simple, right?
• 37:27
  And then they tried to walk it back and they're like, you know,
• 37:30
  Kamala for crypto and but we weren't buying it because we
• 37:33
  knew. Did you guys see the picture up?
• 37:35
  If you could pull that up, I would love it.
• 37:37
  Do you guys see the picture? This was beautiful.
• 37:40
  This was poetic when the genius act.
• 37:45
  So the genius Act, essentially, they had to pass one of the
• 37:48
  first votes and I was like watching it like a.
• 37:50
  Sports game. Like I was on the floor, like
• 37:53
  look up Elizabeth Warren stablecoin and then Senator
• 37:57
  Lummis and Elizabeth Warren was so effing pissed off this thing
• 38:02
  passed. Because she understands the
• 38:04
  implications of this. Right.
• 38:06
  She had her arms crossed. And shit it was, absolutely.
• 38:10
  Hilarious. I think if you go to my timeline
• 38:11
  opti and you just scroll like you'll be able to find it.
• 38:15
  But she was so pissed off. Right.
• 38:17
  So you know. This is, this is what a
• 38:20
  democracy is all about. Like this is what it's all
• 38:23
  about, ladies and gentlemen, right?
• 38:25
  You mess with us, you mess with our industry, you mess with
• 38:28
  Bitcoin and expecting there it is.
• 38:31
  That's the first look at that meme on the side, bro.
• 38:34
  The power of the Internet, dude, this is crazy.
• 38:36
  So like. You mess with us and this is
• 38:39
  what you got. This is what happens.
• 38:42
  Like clearly people weren't down for CBDC's.
• 38:46
  Like I know Europe is like full steam ahead going this direction
• 38:50
  and they don't give a flying F what their citizens think.
• 38:53
  But like here in the US, like no, they're like, no, you know
• 38:56
  what, like F you guys like, you know, we want we want an
• 39:01
  alternative, non sovereign alternative to money.
• 39:03
  And that's what happened. So big win with the genius act.
• 39:06
  And also another thing too, Trump came through with his
• 39:10
  promise. Before the big beautiful.
• 39:13
  Bill that he's passing, which is like part of you know, it's it's
• 39:17
  his policy it's his mandate that's what Trump wants in this
• 39:20
  big beautiful bill that he wants to pass before that even
• 39:23
  happened the genius act happened right so and according to
• 39:27
  Senator Lummis, the next thing up is the Bitcoin act, right so
• 39:31
  the Bitcoin act 2 point O so yeah, I mean this is what
• 39:35
  winning feels this is what winning looks like everybody,
• 39:38
  this is what. Winning looks like embrace it,
• 39:40
  feel it, feels nice. Now we just need to the price to
• 39:43
  start winning too. That's not winning at all.
• 39:47
  You know, the price is just kind of messing with us.
• 39:49
  All these wins and the price is like messing with you.
• 39:54
  So yeah, I mean, look, bro, we're winning.
• 39:57
  This is a huge deal that this legislation passed the Senate.
• 40:02
  It's more than likely. I would give it a 95 to 99%
• 40:07
  chance it you know it passes. You get signed into law by
• 40:11
  President Trump and then boom, you have the first massive pro
• 40:16
  Bitcoin legislation, pro crypto Bitcoin legislation, stable coin
• 40:21
  legislation passed in the United States Senate and I think much
• 40:26
  more are to follow, much more to come.
• 40:29
  And remember the way the Bitcoin works.
• 40:32
  Is it kind of infiltrates from the bottom up, right?
• 40:37
  It aligns incentives and I infiltrate maybe is like too
• 40:41
  much of a strong word, but the way that it works is essentially
• 40:44
  it aligns incentives. So all of a sudden we know RFK
• 40:48
  holds Bitcoin, we know Trump holds Bitcoin, we know JD Vance
• 40:51
  holds Bitcoin. I know.
• 40:53
  Yeah, I know Opti doesn't like Elon, but Tesla holds 10,000
• 40:57
  Bitcoin. They're like one of the largest
• 40:58
  Bitcoin holders. And must has a personal status.
• 41:01
  Right. So you know, all these
• 41:03
  billionaires, they have Bitcoin, right?
• 41:05
  So like my question to you is, do you think they're going to
• 41:07
  vote against their bags? The answer is no, right?
• 41:10
  So This is why Max Keiser said, hey, you know, Bitcoin is, you
• 41:15
  know, you know, there's an employee of the month.
• 41:19
  Who is the employee of the month this month?
• 41:21
  Opti, who is the employee of the month?
• 41:23
  Who are we nominating for the month of June?
• 41:26
  Who is the Bitcoin Employee of the Month?
• 41:29
  I don't know. I'm going to say Trump just
• 41:31
  based off this tweet here. Yeah, look at this tweet's
• 41:34
  great. Look, first of all guys.
• 41:36
  Wait, wait, wait. You got to read.
• 41:37
  You got to read the. You got to read the tweet.
• 41:38
  I know I was going to in his voice.
• 41:40
  I can't do that. You got to do it.
• 41:42
  You can do it. You do it.
• 41:43
  All right, I'll do it. The Senate just passed an
• 41:47
  incredible bill that is going to make America the undisputed
• 41:51
  leader in digital assets. Nobody will do it better and it
• 41:55
  is pure genius. Digital assets are the future
• 41:59
  and our nation is going to own it.
• 42:01
  We're talking about massive investment and big innovation.
• 42:06
  The house will hopefully move lightning fast and pass a clean
• 42:10
  genius act. Get it to my desk ASAP.
• 42:13
  No delays, no add-ons. This is American brilliance at
• 42:17
  its best, and we're going to show the world how to win with
• 42:20
  digital assets like never before.
• 42:23
  Make America great again. You're against.
• 42:28
  Bitcoin, you're Yeah, This is why you don't touch it.
• 42:34
  OK, OK. I'm doing Trump impersonations
• 42:37
  on a Friday bro. I'll take it.
• 42:39
  I'll take. It you wanted me to do it, OK,
• 42:41
  Well, first of all, guys, I think the big elephant in the
• 42:43
  room, at least from my perspective here, is obviously a
• 42:47
  lot of us Bitcoiners feel, I don't know, unsettled that
• 42:50
  politicians are coming into Bitcoin.
• 42:52
  But I think we still underestimate just the impact of
• 42:56
  having literally the sitting president or the Peter McCormick
• 42:59
  with the MPI believe it was talking about Bitcoin.
• 43:03
  We have senators talking about Bitcoin.
• 43:04
  We have them embracing Bitcoin. Now whether you believe they
• 43:07
  actually understand what is going on, I think it's a totally
• 43:10
  different story. But the fact that we have this
• 43:13
  kind of cover right now or you, you could say it's a bad thing.
• 43:15
  Really, I think it's a it's a fundamental shift from where
• 43:19
  we've been in the past. As we all know, we've covered
• 43:21
  it. This is why Niko got so animated
• 43:23
  literally 10 minutes ago is because on the show, you guys
• 43:27
  saw Niko get super animated when the samurai wallet guys were
• 43:30
  attacked when the Biden administration was coming after
• 43:32
  us. And this is a fundamental
• 43:34
  difference. And you can see that the ripples
• 43:36
  are playing out on a nation state level.
• 43:37
  And we're going to cover that in the news as well.
• 43:39
  Like this isn't just a thing happening in the US And, and
• 43:43
  look, love or hate the guy, but Trump going out there and being
• 43:46
  like, you know, and then first of all, caveat, you know, I
• 43:49
  don't really like the, the moniker of digital assets, but
• 43:52
  can't be perfect. But he's saying what we've been
• 43:55
  saying for a while, like we are going to win big.
• 43:58
  And I, I kind of love the narrative, but you know, me, I,
• 44:01
  I lean into the idea of being a propagandist and I love good
• 44:04
  propaganda and good rhetoric because it gets people animated.
• 44:07
  It gets people going, it gets their animal spirits up.
• 44:11
  I want to wait and see if we will catch another FOMO kind of
• 44:15
  blow off top that we've seen in 2017.
• 44:18
  Me and Nico been kind of joking on the show and off the show is
• 44:21
  like, are we just trading a boring market now?
• 44:24
  Will we get the fun and the dopamine?
• 44:26
  We've been fried, our dopamine fried and I, I still believe,
• 44:30
  I'm still a believer that we're going to see some crazy stuff.
• 44:34
  And really like we've been saying on the show for a while,
• 44:37
  all of the news actually, I was talking to Sal this morning.
• 44:39
  I, I actually had to, you know, switch up my, my training
• 44:41
  schedule. So I did it before the show.
• 44:43
  Absolutely got wrecked. Don't recommend working out in
• 44:45
  the morning. I don't like anyone in the gym
• 44:47
  in the morning, but that's a totally off topic conversation
• 44:49
  here. But we were basically talking
• 44:51
  about this idea of just like, if everyone is really buying this
• 44:56
  amount of Bitcoin that they claim there is, it really goes
• 45:00
  into if this demand goes exponential, as we're seeing
• 45:04
  kind of throughout the narratives in the media that
• 45:07
  there's going to be even more corporate treasury strategies,
• 45:09
  potentially governments are already buying Bitcoin.
• 45:13
  It's hard to see how the price can stay where it is.
• 45:16
  And it's hard to kind of believe that we are going to see another
• 45:19
  80% drawdown. Now everyone I think is kind of,
• 45:22
  I think we're kind of at the point where we were before we
• 45:24
  hit 70K, you know, a few months ago or a year ago or whatever it
• 45:28
  was at this time, it's, it's all blur.
• 45:30
  It's all one time where we were just kind of like, yo bro, I get
• 45:35
  it, Bitcoin's going up to the moon.
• 45:37
  Give me a time frame when is Bitcoin going to get there?
• 45:40
  And then we're like, I don't know, at a certain point it's
• 45:43
  going to go up forever. Do we know in the day-to-day?
• 45:46
  It's kind of like that one meme and maybe I can find it real
• 45:49
  quick where like you zoom into the Bitcoin price, it's all, you
• 45:51
  know, choppy sideways. And then you zoom out a little
• 45:54
  bit and then you see these cycles and then you zoom out
• 45:57
  completely and it's literally just Bitcoin going all the way
• 46:00
  up and to the right like a hockey stick.
• 46:03
  And I think we are at the same point right now where we are
• 46:07
  kind of tired with 100K and everyone's like literally just
• 46:11
  poke it. Can you do something?
• 46:12
  Can you guys please do something?
• 46:14
  Can we just get to 200 K already?
• 46:16
  And I think that's a sentiment that we're all feeling right
• 46:18
  now. There's so much good news around
• 46:20
  Bitcoin. In the past, any amount of good
• 46:22
  news would fundamentally Dr. the price to go up.
• 46:26
  Or even in the reverse, any amount of very small news would
• 46:29
  make the Bitcoin price dump. And I think we are entering into
• 46:34
  this new era where it's not just one single news story that's
• 46:37
  going to make the Bitcoin price go parabolic.
• 46:40
  It's all of this pent up demand that is going to find again, the
• 46:43
  hard cap of 21 million. So I'm still convinced.
• 46:47
  I think, you know, the end of this year, I'm, I'm getting the
• 46:49
  vibe that the end of this year is going to be like 2017.
• 46:51
  I think it's going to really get crazy.
• 46:53
  November, December Nico, that's cool like like the chat.
• 46:59
  I am tired. This is This is how you earn
• 47:01
  your. Strikes, this is how everyone
• 47:03
  feels OK, so I'm going to end this poll.
• 47:04
  I asked everybody, you know, how was Nico's Trump impersonation?
• 47:08
  25% of you guys said, OK, 25% of you guys said great, 25% of you
• 47:14
  guys said terrible and 22% of you guys said bad.
• 47:18
  So it's, I don't know, it's across the board.
• 47:20
  I tried my best. I tried my best.
• 47:22
  I try to entertain you guys and you're pooping on me.
• 47:25
  I don't like that, I don't like that.
• 47:26
  Anyways, guys, we, we still have a hell of a show for you guys in
• 47:30
  the during the news segment, we're going to be doing a deep
• 47:33
  dive on what's going down in Pakistan.
• 47:36
  Pakistan is a massive country, has a huge GDP, has a huge
• 47:41
  population. And I don't know if you guys
• 47:43
  remember, but they made a major announcement at the Bitcoin
• 47:46
  conference in Las Vegas. They said that they had every
• 47:49
  intention of making Bitcoin a strategic reserve.
• 47:52
  The IMF responded, they freaked out.
• 47:55
  That's that's how you know we're over the target.
• 47:57
  So we have an update for you guys there.
• 47:59
  Sailor apparently got involved. He had, he was having some
• 48:02
  conversations with them. So I thought that was really
• 48:04
  interesting. So anyways, we're going to do an
• 48:06
  update on what's going on with Pakistan's.
• 48:10
  Bitcoin strategic reserve another country?
• 48:14
  The Trump impersonation nuke the price, so blame Nico.
• 48:18
  No, it's always optics fault. So anyways, it's, it's a great
• 48:21
  show, guys. We still have a lot of news
• 48:23
  lined up for you guys. And then during the culture
• 48:25
  segment, as requested, we are bringing back the meme review.
• 48:30
  I don't know if you guys know this, but at the TFTC and Pub
• 48:33
  Key event in Las Vegas, me and Opti did a live meme review.
• 48:38
  We brought it back. I said a lot of bad words.
• 48:40
  And we're going to bring it back today for you guys on the show.
• 48:44
  We're going to bring back the meme review.
• 48:45
  My wife is clapping in slow motion, smiling.
• 48:48
  I don't know if she's she's being serious or not.
• 48:50
  She's sarcastic, but yes. My wife said the meme review's
• 48:57
  the best segment. Anyways guys, it's going to be a
• 48:59
  great show. Smash the like button if you
• 49:01
  guys are enjoying it so far. We still, again, like I said,
• 49:04
  incredible show lined up for you guys.
• 49:06
  Smash that like button, drop a comment in the live chat.
• 49:10
  Really helps with the algos. Again, we love you guys.
• 49:13
  We're going to be right back in just one second after a quick
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  word from our partners. Check them out.
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  the store scan the QR code on your screen right now or check
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  the video or check the link in the video slash podcast
• 52:36
  description. Let's get straight into the
• 52:38
  news. What is going on in Pakistan?
• 52:42
  So Pakistan announces a Bitcoin strategic reserve.
• 52:46
  This was a major announcement that happened during the Bitcoin
• 52:50
  conference. Here's a direct quote.
• 52:52
  Today is a very historic day. Today I announced the Pakistani
• 52:56
  government is setting up its own government LED Bitcoin strategic
• 53:00
  reserve. And we want to thank the United
• 53:03
  States of America again because we were inspired by them.
• 53:07
  Massive, massive, massive, huge announcement.
• 53:12
  And again, this is something that we predicted was going to
• 53:15
  happen. The moment that the Trump
• 53:18
  administration made those posts, the moment they said that they
• 53:22
  had every intention of making a Bitcoin strategic reserve, you
• 53:27
  were going to see a domino effect of many other countries
• 53:31
  starting to follow suit. And you want to know how I know
• 53:35
  we are winning? The IMF had a total meltdown.
• 53:39
  They didn't not like the news that Pakistan announced that
• 53:44
  they were making a strategic Bitcoin Reserve, and they
• 53:46
  didn't. They didn't like the fact that
• 53:48
  Pakistan plans to use some of their excess electricity to mine
• 53:54
  Bitcoin. Why the hell does the IMF care
• 53:58
  what Pakistan is doing with their electricity?
• 54:03
  That is a weird thing to care about.
• 54:05
  So the IMF has raised concerns over Pakistan's decision.
• 54:09
  To allocate 2000 megawatts of electricity for Bitcoin mining
• 54:14
  and AI data centers amid ongoing negotiations tied to the
• 54:18
  country's extended financial program.
• 54:20
  So this is the pattern that I see.
• 54:22
  OK, this is the pattern that I see over and over.
• 54:25
  Again, when it comes to the IMF, something that I've always said
• 54:28
  about Bitcoin is that Bitcoin exposes incentives.
• 54:31
  OK? So it always, it always exposes
• 54:34
  someone's fundamental incentives.
• 54:36
  It always exposes someone. It always exposes what someone
• 54:39
  actually wants to do, not what they say they're going to do.
• 54:43
  But what they actually want to do?
• 54:46
  And there's a pattern here. Let me break it down for you #1
• 54:52
  when else when El Salvador first made Bitcoin legal tender, the
• 54:55
  IMF had a heart attack. Not for real, metaphorically,
• 55:00
  but they freaked out. They said that this was going to
• 55:03
  be a danger to the country fiscally.
• 55:07
  It was going to essentially crash the country's economy.
• 55:12
  It was going to put them in a terrible monetary situation that
• 55:17
  never came to fruition. Now, Argentina, right, was in a
• 55:24
  situation where their country was currently enduring
• 55:27
  hyperinflation at the time. This is before Javier Malay and
• 55:31
  the new government was enduring hyperinflation and Argentina
• 55:35
  went to the IMF and they asked the IMF for a loan.
• 55:39
  Part of the conditions of that loan was that Argentina had to
• 55:45
  de incentivize their citizens from adopting Bitcoin even
• 55:51
  though the country was going through hyperinflation right
• 55:56
  then. Then El Salvador, they got a
• 56:00
  loan from the IMF and part of that loan, the IMF set a
• 56:05
  condition. They had to reverse the Bitcoin
• 56:09
  law and they basically had to say that, hey, we Bitcoin is no
• 56:14
  longer legal tender, even though officially it is legal, like
• 56:19
  it's still acting as legal tender.
• 56:21
  The El Salvador is still buying Bitcoin, but the IMF is going on
• 56:27
  in the press and they're saying El Salvador can't buy Bitcoin
• 56:29
  anymore, right? So now you have two countries
• 56:33
  and now you have a third country.
• 56:34
  Now the IMF is dictating has nothing to do with money, but
• 56:40
  they're trying to dictate Pakistan on what they can and
• 56:46
  cannot do, what with their energy resources.
• 56:52
  Excuse my language, who the F are these people?
• 56:56
  Like these are three sovereign countries, one in Central
• 57:01
  America, one in South America and one in Asia, thousands of
• 57:06
  miles away from each other and the IMF is hell bent on stopping
• 57:12
  any type of Bitcoin adoption in all these countries.
• 57:16
  Why? What is the purpose of that?
• 57:20
  I don't understand. I don't get it.
• 57:22
  To me, right, And this isn't conspiratorial, this isn't
• 57:26
  whatever to me because. Everything that they predicted
• 57:30
  was going to happen didn't happen with El Salvador.
• 57:33
  El Salvador's economy is booming.
• 57:36
  Crime is down. El 9 Boo Kelly is the most
• 57:40
  popular president in the Americas.
• 57:43
  When, when El Salvador passed the legal tender law, the first
• 57:46
  thing that they said, they said that the the, the economy was
• 57:48
  going to implode. It didn't implode when they gave
• 57:52
  that loan to Argentina with the SDRS and all that stuff.
• 57:58
  Argentina's currency went into hyperinflation despite the loan
• 58:02
  from the IMF. You know what I mean?
• 58:04
  Loans the IMF has given Argentina and it still hasn't
• 58:07
  fixed the problem. So maybe it's time to try
• 58:10
  something new. And the established players, the
• 58:15
  established player better said why are they so hell bent on
• 58:21
  stopping Bitcoin? Why are they so hyper focus on
• 58:26
  Bitcoin adoption on all these developing countries where the
• 58:30
  people of those countries need Bitcoin the most?
• 58:36
  I think it all comes down to a very, very simple fact.
• 58:41
  I don't think the IMF cares about the well-being or the
• 58:45
  future of these countries. I think the IMF cares about the
• 58:51
  IMF and the IMF cares about control.
• 58:56
  That's what it comes down to. The IMF cares about control.
• 59:00
  The IMF is a control organization, and all you have
• 59:06
  to do is connect the pattern. All you have to do is connect
• 59:09
  the dots. Because there is no evidence
• 59:12
  that points to me that says hey. El Salvador adopting Bitcoin
• 59:18
  hurt their economy, or hurt their position economically, or
• 59:23
  hurt their security situation. There is nothing indicating that
• 59:27
  whatsoever. But because they're so obsessed
• 59:32
  about it, it tells me everything I need to know about what the
• 59:36
  IMF's true intentions are anyways.
• 59:39
  So the IMF has raised concerns over Pakistan's decision to
• 59:42
  allocate 2000 megawatts of electricity for Bitcoin mining
• 59:46
  and AI. The initiative, announced last
• 59:48
  week, is designed to attract autonomous miners, blockchain
• 59:52
  companies and AI firms to Pakistan.
• 59:54
  However, the IMF has raised red flags about the move, requesting
• 59:58
  urgent clarify. Who the F are these people?
• 1:00:01
  Like it's just crazy like. Like, do you understand what?
• 1:00:06
  Like, just like we always get lectured on democracy and we
• 1:00:10
  always get lectured on that, right?
• 1:00:12
  This is an organization, an institution that is based in
• 1:00:15
  Washington, DC, that is dictating the policy of foreign
• 1:00:20
  countries all around the world. Doesn't sound very fucking
• 1:00:26
  democratic. Excuse me?
• 1:00:27
  Doesn't sound very democratic to me, bro.
• 1:00:30
  Anyways, however, the IMF has raised red flags about the move,
• 1:00:34
  requesting urgent clarification from the finance minister
• 1:00:37
  regarding the legality of crypto mining.
• 1:00:39
  The legality what do you mean legality what do you mean
• 1:00:42
  legality? What does that even mean and the
• 1:00:45
  power allocations, particularly as the nation struggles with
• 1:00:49
  chronic energy source. Bitcoin fixes at the the the
• 1:00:54
  grid because it provides a stable buyer of electricity, so
• 1:00:59
  it allows grid operators to properly plan into the future
• 1:01:05
  how much electricity they need to allocate because there's
• 1:01:08
  always going to be a buyer of last resort.
• 1:01:10
  Bitcoin mining makes renewable energy renewable energy viable
• 1:01:17
  without the need of government subsidy.
• 1:01:19
  So this whole narrative is bullshit anyways, particularly
• 1:01:23
  as a nation struggles with chronic energy surges and fiscal
• 1:01:26
  pressures. For the report, the IMF was not
• 1:01:29
  consulted prior to the announcement.
• 1:01:30
  Like, that's crazy and is questioning the legal standing
• 1:01:34
  of cryptocurrencies in Pakistan. The Fund has also voiced
• 1:01:38
  concerns over potential impacts on power tariffs and resource
• 1:01:42
  distribution. OK, this is what I'm going to
• 1:01:45
  say. I think the IMF is in the
• 1:01:49
  business of keeping Fiat alive. I think that's what the IMF is
• 1:01:53
  about. I think that's what it's always
• 1:01:55
  been about. I never forget in 2021.
• 1:01:58
  Where you know? Lane Bukele made his famous
• 1:02:01
  announcement here at the Bitcoin conference in Miami.
• 1:02:04
  I, I never forget that. I never forget that.
• 1:02:06
  Like, like I had that memory of it.
• 1:02:08
  And if for some reason 2022 came around and no other countries
• 1:02:12
  followed suit. And I was like, thinking about
• 1:02:13
  it, I was like, why did no other country follow in the steps of
• 1:02:16
  El Salvador? Look, look at how much success
• 1:02:18
  El Salvador got just from tourism alone.
• 1:02:21
  And then I started connecting the dots.
• 1:02:22
  The moment that the IMF put the condition on the loan, tell
• 1:02:29
  Salvador that if you want this loan, you have to basically
• 1:02:32
  remove Bitcoin as legal tender. And then you have to understand
• 1:02:35
  that the IMF has dealings with more than half of every country
• 1:02:40
  on planet Earth. Half, half of the countries on
• 1:02:43
  planet Earth have dealings with the IMF.
• 1:02:45
  You want to know what? No other countries fall in the
• 1:02:48
  footsteps of El Salvador after 20/21.
• 1:02:51
  It was because of the IMF. The IMF are the protectors of
• 1:02:55
  Fiat. That's what it's about.
• 1:02:58
  And if you're a protector of Fiat, by definition, you're more
• 1:03:01
  concerned about control. You don't care about the
• 1:03:04
  prosperity of that country anyways.
• 1:03:07
  So moving on, Pakistan seems like they didn't really care and
• 1:03:13
  they revealed. A they they revealed Pakistan
• 1:03:17
  reveals Bitcoin Reserve plan to Trump's crypto team at the White
• 1:03:21
  House. So they heard what the IMF had
• 1:03:23
  to say, and they're just like. You know what?
• 1:03:28
  I like what you're doing and it and it's interesting too, Like
• 1:03:31
  how long until the IMF, you know, and here's the guy meeting
• 1:03:33
  with Bo Hines. Bo Hines again, is like the
• 1:03:35
  official who's in charge of all this at the White House.
• 1:03:40
  And also they spoke with Mr. Michael Saylor and I have the
• 1:03:45
  video for you guys. Time today I'll stay in touch
• 1:03:49
  with Bilal. I I would offer you just one
• 1:03:51
  final thought, which is it's a global economy.
• 1:03:56
  Pakistan has many brilliant people and a lot of people do
• 1:03:59
  business with you. My company had less than $400
• 1:04:02
  million to invest, but the markets gave me $40 billion
• 1:04:07
  because they trust us. And so the most important thing
• 1:04:10
  is leadership, intellectual leadership, and that they trust
• 1:04:13
  you. If the world trusts you and they
• 1:04:16
  hear your words and you speak articularly, the capital and the
• 1:04:21
  capability will flow to Pakistan.
• 1:04:25
  It's there. It wants to find a home.
• 1:04:28
  And and that's what happened with our company.
• 1:04:30
  Our success is because we were clear and committed.
• 1:04:35
  And once the market decides who the leader is, they get behind
• 1:04:39
  the leader and they send their money to you and, and I think
• 1:04:43
  they'll do it to Pakistan too. You have the most important
• 1:04:46
  thing, which is, which is you have a commitment and a will and
• 1:04:51
  clarity here. So I look forward to working
• 1:04:54
  with you. Also to let's take a look at
• 1:04:58
  some of the like just general stats or general information
• 1:05:03
  about Pakistan. So this is a country that has a
• 1:05:05
  $373 billion GDP and it has a population of 255 million people
• 1:05:14
  that is roughly the size of the United States, just to kind of
• 1:05:17
  give you guys an idea of how big this country is.
• 1:05:21
  And yeah, man, I mean, this is pretty crazy news.
• 1:05:25
  We haven't covered it all week, but it is pretty consequential.
• 1:05:29
  And I, I know that it's consequential just by the mere
• 1:05:33
  fact of deceiving coming out of the IMF, like the fact that the
• 1:05:38
  IMF cares so much, the fact that they're so upset that you know,
• 1:05:43
  they're, they're moving forward with this strategic Bitcoin
• 1:05:47
  reserve should tell you everything you need to know.
• 1:05:52
  Those are my final thoughts. Opti, what are your thoughts
• 1:05:55
  brother? Yeah, Well, also that Sailor
• 1:05:59
  clip I think sparked a lot of controversy on Twitter.
• 1:06:02
  Everyone was saying that Sailor was going to join the Pakistan
• 1:06:05
  whatever crypto Advisory Board or whatever their name is.
• 1:06:08
  Turns out it wasn't news. There's some people in the chat
• 1:06:10
  that were saying that earlier, but the point remains the same.
• 1:06:13
  And we've been talking about it for a while.
• 1:06:15
  And actually Nico brought it up because sorry, crazy text.
• 1:06:24
  Damn, I lost my Oh yeah, this is what we we've been talking about
• 1:06:27
  this for a while. So when El Salvador announced
• 1:06:31
  their, you know, Bitcoin legal tender, we were, we were
• 1:06:35
  expecting, whether it was Latin American countries or smaller
• 1:06:38
  countries around the world, you know, people in trouble,
• 1:06:42
  essentially a lot of people that had loans from the IMF,
• 1:06:44
  etcetera, that we, we thought that we would see this happen a
• 1:06:48
  lot quicker. Obviously, in hindsight, we were
• 1:06:51
  able to see the data kind of come out and the IMF was putting
• 1:06:54
  pressure on a lot of countries to not embrace Bitcoin.
• 1:06:57
  They, you know, El Salvador was basically getting beat up in the
• 1:07:00
  press. Buchelli was out there on
• 1:07:02
  Twitter just meming them to death metaphorically, and it it
• 1:07:06
  was kind of a head scratcher why other countries didn't see this
• 1:07:11
  being the genius move that it was.
• 1:07:13
  Obviously in hindsight, it's very easy to look back at El
• 1:07:15
  Salvador and be like, it was a no brainer.
• 1:07:18
  They're going to go down in history as the first country to
• 1:07:20
  adopt Bitcoin. And now as we're seeing more
• 1:07:23
  data and really more countries kind of embrace Bitcoin,
• 1:07:26
  especially the big kahuna we talked about earlier, the US
• 1:07:29
  essentially saying, hey, we're going to be the world superpower
• 1:07:32
  in in Bitcoin or, you know, crypto stablecoins, etcetera.
• 1:07:36
  You're starting to see that other countries are looking at
• 1:07:40
  the bit at what US is doing around Bitcoin and being like
• 1:07:43
  where we have to follow now, if we don't follow, we can, we're
• 1:07:46
  going to fall behind. So at first it's very easy to
• 1:07:50
  dismiss El Salvador because they're a tiny country.
• 1:07:53
  Again, I don't know what their GDP is, but the last time we
• 1:07:56
  checked, it was like 32 billion. Elon can buy like, what was it
• 1:07:59
  like 100? I forget how much money Elon
• 1:08:01
  Musk has, but he can buy a lot of El Salvador's if he wanted
• 1:08:04
  to. And so it's very easy to dismiss
• 1:08:06
  that country. It's like, you know, they're
• 1:08:09
  they're not a significant player, but when the US does it,
• 1:08:12
  we've seen the ripple effects. We've seen every nation state at
• 1:08:15
  the very least have to consider it.
• 1:08:18
  But we've seen even bigger impact, which is we've seen
• 1:08:21
  China kind of turn around on their Bitcoin stance.
• 1:08:23
  We've seen Russia kind of tiptoe into it.
• 1:08:26
  We're seeing that every country around the world is like, hey,
• 1:08:29
  if I want to compete, I have to embrace this.
• 1:08:32
  And whether Pakistan is, you know, a world player, a world
• 1:08:35
  superpower at this point, the fact that they are essentially
• 1:08:38
  saying, hey, Trump's doing it, the US is doing it, we have to
• 1:08:42
  do it too. But also kind of being a little
• 1:08:44
  more aggressive about it, talking to Sailor, talking about
• 1:08:48
  literally following the US playbook.
• 1:08:50
  I think now we're going to see a watershed moment where the IMF
• 1:08:53
  is going to freak out a little more because it's becoming
• 1:08:56
  uncontrollable. And everyone is going to.
• 1:08:59
  I think we're going to see the Domino's fall very quickly
• 1:09:01
  because now it's like it's a no brainer.
• 1:09:04
  If the US is is essentially putting the green stamp on it,
• 1:09:07
  the green light on it. A lot of countries are going to
• 1:09:10
  embrace it. Even though we've seen that, you
• 1:09:12
  know, the European Union, they continue to double down.
• 1:09:14
  They want to push CBDC. By October, you're starting to
• 1:09:17
  see the dynamics play out globally geopolitically around
• 1:09:21
  Bitcoin. You're going to see literally
• 1:09:23
  what Nico and I have been saying on the show forever, the
• 1:09:25
  sovereign individual thesis play out where some countries are
• 1:09:29
  going to embrace it. Bitcoiners are going to move
• 1:09:31
  there. They're going to become more
• 1:09:32
  prosperous. Other countries are going to
• 1:09:34
  fight it. They're going to try to issue
• 1:09:35
  their CBDC's and those power dynamics are going to, I think
• 1:09:40
  very clearly show that Bitcoin is the superior money here.
• 1:09:43
  If you don't embrace it, it's the superior technology.
• 1:09:46
  You're going to be left behind and look in the day-to-day when
• 1:09:51
  we go through this, it's very easy to be like Bitcoin is
• 1:09:54
  boring, you know, go chase whatever 100 X Games in altcoins
• 1:09:58
  or go buy gold. It's going to all time high.
• 1:10:00
  But again, looking back, if you look at the timeline of events
• 1:10:04
  in the last five years, things are moving very quickly.
• 1:10:08
  And I know we do a day-to-day show and sometimes we're, we're
• 1:10:12
  thinking 1020 years down the line to kind of show you the
• 1:10:15
  blueprint, the framework of where we're going.
• 1:10:18
  Things are still happening very fast.
• 1:10:20
  And it's, it's quite incredible to see it play out.
• 1:10:23
  You know, Nico and I, Nico's almost on a decade here.
• 1:10:26
  I'm at 8 or 9 years here. And I look back to when I first
• 1:10:31
  got Bitcoin and it was like a total different lifetime ago.
• 1:10:34
  But when you really kind of go chronologically through all the
• 1:10:37
  different events, they happen back-to-back, whether it's nine
• 1:10:40
  months, one year, 2 years, like, you know, every other month,
• 1:10:43
  something crazy happens. And This is why we always say
• 1:10:47
  it's so easy to lose the track of time during Bitcoin because
• 1:10:51
  things are happening at a rapid speed.
• 1:10:53
  Bitcoin is literally, I think, getting adopted faster than the
• 1:10:57
  Internet at this point. Like it's the fastest growing
• 1:11:00
  technology in the world. This is a paradigm shift
• 1:11:02
  happening in real time. This is the 10X improvement that
• 1:11:05
  the world is looking for. And a lot of people are still
• 1:11:09
  basically funding it. They're still saying, no, this
• 1:11:12
  is a fad. It's over.
• 1:11:13
  Oh, why is it going to 100K? You know, it's dumping today.
• 1:11:16
  And we're like guys like the short term price volatility
• 1:11:19
  doesn't mean anything. If anything, that's more a
• 1:11:22
  problem of Fiat money and not us.
• 1:11:24
  But on that same time, Nico, we have been covering the news
• 1:11:28
  almost daily at this point of new headlines coming around and,
• 1:11:32
  and basically them saying like, oh, if Bitcoin and the
• 1:11:36
  traditional financial system get more intertwined, there's going
• 1:11:38
  to be a systemic risk in the system.
• 1:11:40
  And we're on this side like now, like that's your problem.
• 1:11:44
  Like we, we're completely outside of this.
• 1:11:47
  It's like this has nothing to do with us.
• 1:11:49
  It feels like projection, man. It's.
• 1:11:51
  Totally. It feels like a projection.
• 1:11:52
  Someone in the chat good comment.
• 1:11:55
  Pakistan is a serious player. They I, I can't.
• 1:11:57
  I don't know if we could say that these days.
• 1:12:01
  Their Bitcoin adoption. Will force other countries.
• 1:12:04
  To 100 percent, 100% agree. Yeah, Pakistan is is a massive
• 1:12:10
  player economically, militarily, and yeah, man, it's it's pretty
• 1:12:15
  crazy how all of this is working out.
• 1:12:18
  Anyway, someone in the chat IMF will be using Ripple.
• 1:12:20
  Not good. Good for them, good for them.
• 1:12:23
  Anyways, we did break 400 live viewers on YouTube.
• 1:12:26
  If you guys are enjoying the show so far, make sure to smash
• 1:12:28
  that like button. Shout out to the Rumble
• 1:12:31
  audience. Almost at 100 live viewers and
• 1:12:33
  on X we're at almost 2000 live viewers.
• 1:12:36
  So if you guys are enjoying today's content, make sure to
• 1:12:38
  smash that like button. We still got a loaded show for
• 1:12:41
  you guys. Tons to cover.
• 1:12:43
  We are bringing back the one, the only legendary meme review
• 1:12:49
  hosted by Optimus Fields. And yeah, I'm excited.
• 1:12:54
  I'm excited. Let's check it out.
• 1:12:55
  No more delay. Here we go, The Daily culture,
• 1:12:58
  ladies and gentlemen, to wrap up this week very strong.
• 1:13:04
  I want to give a shout out to our partner Hive Digital
• 1:13:07
  Technology. Why Hive in 2025?
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  Bitcoin mine, per Exahash, Hive's now headquartered in the
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  USA. They're lean and mean.
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  They're green and clean, and they're rewriting the playbook
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  on sustainable Bitcoin mining you can catch.
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  The latest buzz? At Hive Digital Tech or at Hive
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  Digital? Tech.
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  Dot com. I want to give a shout out to
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  our sponsor Casa. Casa makes self custody easy and
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  secure. As a bitcoiner I care about
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  holding my own private keys, but multi sig can sometimes get
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  Head over to Casa dot IO. OK, we can hear you.
• 1:14:51
  We got a super chat. We got a super chat.
• 1:14:54
  Appreciate, Appreciate the 1999 from Jan Thank you.
• 1:14:58
  Appreciate the love, appreciate the appreciate.
• 1:15:00
  This is the best meme of the day.
• 1:15:02
  Buy the dip. It's not crashing, it's on a
• 1:15:06
  discount. OK, buy the dip.
• 1:15:08
  Yeah, yeah, dude. Did it crash?
• 1:15:10
  It crash when you did the the Trump impression?
• 1:15:13
  I'm gonna, I'm gonna ask. I'm I'm gonna mute you.
• 1:15:17
  OK, so you guys have been asking for it.
• 1:15:23
  It's on the show. We hear it.
• 1:15:26
  We know what we know you love it for your new people here for the
• 1:15:30
  new viewers, cause UTXO was saying it in the rumble chat.
• 1:15:33
  Probably a lot of you new viewers don't even know we do a
• 1:15:36
  meme review. So we used to do a meme review
• 1:15:38
  every single day and I'm, I'm, I'm going to watch the numbers
• 1:15:42
  right now. If, if it starts taking bro,
• 1:15:44
  it's done. OK, you heard it here first.
• 1:15:47
  You don't blame Nico. You can blame me.
• 1:15:49
  Anyway, the meme review. Wait, what's that?
• 1:15:51
  What were we saying past Nico? Memes are the bullets.
• 1:15:56
  No, no, tweets are the bullets. Memes are the artillery in this
• 1:15:59
  information warfare that we find ourselves on the battlefront of
• 1:16:02
  the Internet. Or I forget, I haven't said in
• 1:16:04
  so long. Yeah, fuck, I forgot.
• 1:16:09
  OK, all right, whatever, you get it.
• 1:16:11
  We'll we'll say it some other time.
• 1:16:12
  Here we go. The meme review.
• 1:16:14
  Oh, I wish I had a drum roll. A drum roll would be lit.
• 1:16:16
  OK, anyways, as I said, we're. So happy right now that this is
• 1:16:20
  back. That's.
• 1:16:21
  Back we're back baby, we're back.
• 1:16:24
  OK here we go. 1st meme so as it goes.
• 1:16:27
  Usually send memes or I find memes and I I say them.
• 1:16:31
  And we have to explain what the meme review is, OK?
• 1:16:34
  Dude, they know what memes are. No, no, no, no.
• 1:16:36
  Listen, OK, For anyone who's new to Simply Bitcoin, back in the
• 1:16:40
  day, it took you guys so long. Back in the day of Simply
• 1:16:43
  Bitcoin, we used to. I did that.
• 1:16:45
  I did that. I literally just said that.
• 1:16:49
  Review the memes. Bro OK so I am going to read
• 1:16:53
  some Bitcoin memes for the audio listeners and part of the fun is
• 1:16:57
  I butcher them. Anyways here we go 1st meme is
• 1:17:00
  by our boy Robin Sayer and he goes if you only remember one
• 1:17:04
  tweet of mine this entire week, make it this one.
• 1:17:08
  And there is a picture of Shaquille O'Neal as a available
• 1:17:11
  capital and then I forget what this this girl's name is.
• 1:17:15
  She's the the gymnast and it's available capital.
• 1:17:19
  And for the audio listeners, you know, Shaq's 7 foot tall and she
• 1:17:23
  is like at his rib cage. So this goes into what we said
• 1:17:29
  in the beginning of the show. There is a huge amount of
• 1:17:32
  available capital that needs to find its way into Bitcoin, and
• 1:17:36
  this is this is a perfect example of it.
• 1:17:37
  All right, this next one is shouts out to who was it?
• 1:17:42
  Who was it in the chat and rumble?
• 1:17:44
  It was a cutis 84. I I'm not there yet.
• 1:17:50
  I I I just wanted to show this one might be a little too spicy
• 1:17:53
  for the for the the the interwebs and it's a classic
• 1:18:00
  meme template where I'm I'm, I'm not gonna where they're fighting
• 1:18:05
  and as bitcoiners on the side don't care.
• 1:18:08
  We're just checking the Bitcoin price eating our I don't know
• 1:18:14
  potatoes and something. ANYWAYS, next one is by Dip
• 1:18:20
  Wheeler on on Twitter and one of our favorite movies.
• 1:18:24
  If you're a bitcoiner, you you probably have seen this movie.
• 1:18:27
  You love this movie. It is the big short in that with
• 1:18:31
  that one scene where what's this called?
• 1:18:34
  Adam Carroll is talking to the hedge fund manager and they're
• 1:18:37
  eating sushi and he realizes, Oh my goodness, it's all going to
• 1:18:41
  blow up and it's a bubble and I need to, you know, get position.
• 1:18:48
  Well, we have him, you know, eating the sushi all smugly.
• 1:18:51
  And Adam Carroll's losing his mind.
• 1:18:53
  And is his name Adam Carroll? I forget.
• 1:18:55
  Anyways, the point here. This is the new meme.
• 1:18:58
  This is the updated version. It says quote.
• 1:19:01
  We found a new, new way to hedge against war in the Middle East.
• 1:19:04
  It's called fart coin. This this actually should have
• 1:19:07
  Brian Armstrong's face on it. OK, next one.
• 1:19:10
  This one also kind of spicy, but hey, it's it's our partner here.
• 1:19:14
  So I I think, I think I can put it on here.
• 1:19:19
  Look at the gun space. Yeah, maybe I got a, you know,
• 1:19:22
  temperate. I haven't done it in a while.
• 1:19:24
  So we're going crazy. We have, you know, young Leo
• 1:19:26
  DiCaprio with this Game Boy. I remember this Game Boy.
• 1:19:29
  It was my best Christmas ever. I got Pokémon Yellow with it.
• 1:19:32
  It was amazing. And he goes, mom, go to your
• 1:19:35
  room. 10 year old me laughing because I get to play my Game
• 1:19:37
  Boy. And now, dude, can I say this
• 1:19:41
  new version, Leo? OK, you.
• 1:19:43
  That's for the audio list. Can't say it.
• 1:19:45
  Me now with my cold card chilling.
• 1:19:48
  This was this was actually a a low key ad read OK next one Carl
• 1:19:53
  B Menger. You should pay your taxes and
• 1:19:56
  follow the law. That was a joke.
• 1:19:59
  I I didn't even say anything. I didn't say a thing anyways.
• 1:20:03
  Carl B Menger, I'm all in Hashtag Bitcoin and we have a
• 1:20:08
  genie here, you know, basically. Answering wishes and you see the
• 1:20:14
  Bitcoin nodes down here in the bottom he goes, I'm thinking of
• 1:20:16
  a number between 1 and 10 to the power of 22.
• 1:20:20
  If you guess the number then you win a 3.125 Bitcoin and then we
• 1:20:24
  have the Chad miners down here with his asecs and he goes
• 1:20:28
  sounds good. You don't get it.
• 1:20:30
  It's about Bitcoin mining this this is a nerd one.
• 1:20:32
  OK, next one shouts out my boy Pedro, AKA at re under score
• 1:20:36
  tweet. And he got someone stretching,
• 1:20:39
  you know, getting ready, just, you know, making stretching out
• 1:20:42
  and he goes Maxi's prepping to send the next engagement tweet
• 1:20:45
  about their favorite stock, Bitcoin stocks.
• 1:20:49
  OK, this next one kind of rounding it out.
• 1:20:52
  I'm not going to say it, but if you know, you know, you might
• 1:20:56
  have to really be versed with the the the Twitter shit posting
• 1:21:00
  out there. But we got our boy Greg Zajwan,
• 1:21:04
  and he goes, Eric Cason is one-of-a-kind.
• 1:21:07
  And we have George Washington here, and he goes, I created a
• 1:21:09
  state. And then is this your boy
• 1:21:10
  Churchill? Is this Churchill?
• 1:21:11
  Right, my boy, Your boy Nika Churchill's.
• 1:21:16
  Every morning he works from bed. What are you trying?
• 1:21:18
  We got Churchill, I LED a state and I'm guessing this is Mao
• 1:21:22
  Zedong here. And he goes, I am the state.
• 1:21:25
  And then we have Eric Cason and I can't say it, but you should
• 1:21:29
  hear him in your head. And if you know, you know.
• 1:21:33
  And many. That was fun.
• 1:21:38
  OK, so now meme review. Meme review scores.
• 1:21:41
  Show me a score in the chat. Nico, what?
• 1:21:44
  What do you rate these memes here?
• 1:21:45
  It has to be appropriate scores, all right.
• 1:21:47
  It has to be appropriate. Score.
• 1:21:49
  It was Steve Carroll. My bad.
• 1:21:50
  Steve Carroll. Adam Carroll is the comedian.
• 1:21:52
  It has to be appropriate scores. And what would I rate the memes?
• 1:21:59
  Let's do. Let's do Chili Peppers.
• 1:22:01
  Let's you know, we'll go from like a a bell pepper to a ghost
• 1:22:07
  pepper. How spicy were those beams,
• 1:22:09
  Nico? And and how uncomfortable did
• 1:22:10
  you get? OK, my wife is handing me a pink
• 1:22:15
  clip. I'm going to give it a pink
• 1:22:17
  clip. A pink clip.
• 1:22:18
  He it, it was too spicy. All right, I'm going to give it
• 1:22:22
  my half full gallon of water. Zephyrhills.
• 1:22:26
  Zephyrhills. Well, it's not Zephyrhills, it's
• 1:22:28
  it's Nico's really fancy water filter over here.
• 1:22:31
  That's what's actually. I don't have a fancy water
• 1:22:33
  filter bro. Yeah, we dude, we all have.
• 1:22:35
  We all. Wait, hold on.
• 1:22:36
  We all should have fancy water filters.
• 1:22:39
  Do not drink tap tap water. OK, let's see.
• 1:22:42
  Do people remember about the meme scores?
• 1:22:45
  OK, Yo, the rumble chat one's great.
• 1:22:52
  OK, we got one. We got 1 Rodman direct and he
• 1:22:57
  goes. I give it one more year until
• 1:22:59
  I'm missing the meme review. OK, Fear lay goes.
• 1:23:04
  I rate them Nico's Trump impersonation.
• 1:23:08
  Oh. Oh, sorry.
• 1:23:09
  No, it was the Japanese emperor Hirohito in World War 2 instead
• 1:23:13
  of Mao Zedong. My bad, my bad.
• 1:23:15
  My bad. Nico didn't see the meme.
• 1:23:16
  He's he's correcting me. Let's go, Lionel Bagno, says.
• 1:23:24
  George Washington. I I think that's his score.
• 1:23:27
  OK. And then we got, let me see, let
• 1:23:30
  me see. We've got a kudis over here.
• 1:23:33
  It's not working for me. We got Kudis here and he is
• 1:23:40
  giving it meme score. Let me pull it up here for you
• 1:23:45
  guys. Meme score is five NVIDIA GTX 50
• 1:23:52
  nineties. That's because Nico can't say
• 1:23:54
  NVIDIA. All right, UTXO, you might get
• 1:23:58
  censored here. Nico, can we?
• 1:24:01
  No. OK, all right.
• 1:24:05
  No fun. OK, UTXO, you got, you got you
• 1:24:09
  got censored. Let's see, we got a poem here.
• 1:24:13
  Can we see this one? Can we read that one?
• 1:24:16
  Elaine's. Guys, it's been an amazing show.
• 1:24:22
  I appreciate all you guys for tuning in.
• 1:24:25
  If you guys enjoyed today's Simply Bitcoin Live, make sure
• 1:24:31
  to smash that like button. Give us a follow.
• 1:24:34
  Again, if you guys enjoyed the content, subscribe to us on
• 1:24:37
  YouTube, follow us on Rumble, follow us on X.
• 1:24:41
  We love you guys. We appreciate you guys.
• 1:24:43
  Thank you so much. Wait, wait, wait, Nico, before
• 1:24:45
  we go. The price is pumping because of
• 1:24:47
  the meme review. The price, no, but I I actually
• 1:24:51
  have a pull up. I actually have a pull up and I
• 1:24:55
  asked and I said is the bit is the Bitcoin price dip Opti's
• 1:24:58
  fault? 70% of people said yes.
• 1:25:03
  All right, never doing a meme review ever again.
• 1:25:07
  I don't care what you guys say. Actually here Nico RF says I
• 1:25:09
  give it 1 1/2 or I give it half a mag all.
• 1:25:15
  Right everybody, we love you all.
• 1:25:16
  We'll see you guys next week. Enjoy your weekend, go outside,
• 1:25:18
  touch some grass, eat some steak, get some sunshine and
• 1:25:21
  enjoy your family. See you guys later.
• 1:25:25
  Today's episode was brought to you by bitcoinwell.com, a
• 1:25:28
  Bitcoin only platform on a mission to enable financial
• 1:25:31
  independence.