Latest / Simply Bitcoin / Bitcoin Sell Off OFFICIALLY OVER?! [TOOK 6 MONTHS!!] | EP 1408

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Bitcoin Sell Off OFFICIALLY OVER?! [TOOK 6 MONTHS!!] | EP 1408 · Simply Bitcoin

• 0:00
  Yo for the first. Time in six months, long term
• 0:05
  holders have started buying Bitcoin again and the
• 0:08
  capitulation metrics look like we've bottomed.
• 0:11
  You've heard that right, We have a lot of data to look at on
• 0:15
  today's show. But back to the bigger question.
• 0:18
  While most people are expecting 2026 to be a bear market for
• 0:23
  Bitcoin, what if it already happened in 2025 and Bitcoin is
• 0:28
  primed to explode in 2026? Let's get straight into today's
• 0:33
  source material. But before we do that, let's
• 0:36
  talk about that for a second because again, fundamentally,
• 0:40
  ladies and gentlemen, we're one day before the end of the year.
• 0:44
  And if Bitcoin stays at these prices, by definition, 2025 was
• 0:50
  already a bear market year to date performance.
• 0:55
  So is 2026 going to be a bear market as well?
• 1:00
  Again, that would be unprecedented in bitcoins
• 1:03
  history. We've never had two years back
• 1:07
  to bad back-to-back that have been in the red.
• 1:11
  Now does that mean it's going to happen?
• 1:13
  We don't know, but some of this data looks quite interesting to
• 1:18
  say the least. All right everybody, so first
• 1:21
  article by Coindesk. Bitcoin whales have been the
• 1:24
  main accumulators in the 1000 range, goes on to say.
• 1:30
  Bitcoin whales and hodlers with at least 1000 BTC have been the
• 1:35
  dominant buyers since the price of the largest cryptocurrency
• 1:39
  bottom near 80,000 at the end of November, according to Glasno
• 1:43
  data. They remain the strongest
• 1:46
  accumulators as Bitcoin trades just below 90,000, according to
• 1:51
  Glasno data. The thousand to 10,000 Bitcoin
• 1:54
  cohort is the only group sustained accumulation, with an
• 1:59
  accumulation trend score close to 1.
• 2:02
  The metric breaks down the buying and selling behavior
• 2:06
  across wallet cohorts, measuring both the size of entities and
• 2:10
  the net amount of Bitcoin to have acquired over the past 15
• 2:14
  days. A score closer to 1 indicates
• 2:17
  accumulation, while a score closer to 0 signals
• 2:21
  distribution. The data suggests that long term
• 2:25
  whole huddlers have been accumulating Bitcoin in the
• 2:28
  $80,000 range, a price level Bitcoin has not traded in for an
• 2:34
  extended period compared with other price buckets.
• 2:37
  This behavior contrasts sharply with smaller holders, all of
• 2:41
  whom show varying degrees of distribution.
• 2:44
  Given that the Crypto Fear and Greed Index has remained in fear
• 2:49
  or extreme fear for roughly the past 30 days, this selling
• 2:53
  pressure from smaller entities likely reflects capitulation.
• 2:58
  Meanwhile, the 10,000 plus BTC whale cohort was aggressively
• 3:03
  buying when Bitcoin traded near 80,000 in late November, though
• 3:08
  they have begun to slow over recent weeks.
• 3:11
  Still, as a cohort they are not yet selling, which was the
• 3:16
  dominant behavior. The BTC price topped 100,000
• 3:20
  around mid year. So again, what is this telling
• 3:23
  you? I mean, this goes back to the
• 3:25
  thesis that we've been talking about all year long, right?
• 3:30
  That why is the Bitcoin price going sideways?
• 3:32
  Is it a coincidence that the first year that Bitcoin
• 3:36
  essentially acted like a stable coin was the year after the
• 3:40
  introduction of the Bitcoin spot ETF?
• 3:43
  You see the the behavior of Bitcoin every single day on the
• 3:48
  weekdays like clockwork, 10 AM comes around and the Bitcoin
• 3:52
  price either pumps or dumps 3% and then goes back to its
• 3:57
  baseline. Like it literally like it's,
• 4:00
  it's the wildest thing. We saw it a couple days ago,
• 4:03
  Bitcoin was at 8786 K went to 91,090 K within 30 minutes to an
• 4:11
  hour it was back at 86K88K. That's not natural.
• 4:16
  I saw a WIC the other day on Binance.
• 4:18
  The WIC went all the way down to $25,000.
• 4:21
  Like what the hell is going on? Like, you know, 20. $25,000.
• 4:25
  Bitcoin, I might add. Right.
• 4:27
  So again, something strange is happening.
• 4:30
  I don't think it's that strange. I think what it comes down to is
• 4:34
  Wall Street is doing what Wall Street does best and they're
• 4:38
  trying to scare you out of your bags.
• 4:40
  And if you look at the on chain data, it seems like anybody who
• 4:44
  has 100 to 1000 Bitcoin, which is a very few number of people,
• 4:50
  it's not that many people. Fred Krueger actually posted the
• 4:54
  exact number. I'm going to pull it up.
• 4:58
  Those people are actually buying Bitcoin at these price levels.
• 5:05
  And actually here is the kind of distribution curve which I
• 5:09
  thought was really interesting, which is basically Bitcoin
• 5:12
  ownership people, not addresses. So BTC held estimated only 1000
• 5:18
  people fit into that category, people with 100 Bitcoin or more,
• 5:22
  only 5000 people fit into that category, people with 10 Bitcoin
• 5:26
  or more, only 100,100 thousand people fit into that category.
• 5:31
  BTC held one Bitcoin or more, a million and etcetera, etcetera.
• 5:36
  So again, very kind of interesting data.
• 5:40
  The top cohorts, which I find interesting, what he calls the
• 5:44
  control layer or the power layer, well, the control layer
• 5:48
  or the power layer have been buying Bitcoin at the $80,000
• 5:53
  level. And they don't believe that 2026
• 5:58
  by their actions and on chain data is not exactly 100%
• 6:02
  reliable that hey, you know, 2026 might be a green year.
• 6:08
  Now some more data for you guys. Here's Matt Siegel.
• 6:11
  And he says long term hodlers turn net accumulators easing a
• 6:15
  major Bitcoin headwind and ending, for now the largest cell
• 6:20
  pressure event from this cohort since 2019.
• 6:25
  Again, long term hodler supply net positive change.
• 6:29
  Again, the largest cell pressure event from this cohort since
• 6:34
  2019. Anyways, here is the Coindesk
• 6:38
  article Long term holders turn net accumulators easing a major
• 6:43
  Bitcoin headwinds. So that's right ladies and
• 6:45
  gentlemen, long term huddlers of Bitcoin have shifted back into
• 6:50
  accumulation for the first time since July.
• 6:53
  Long term huddlers, defined as entities that have Bitcoin had
• 6:57
  have held Bitcoin for at least 155 days, have accumulated have
• 7:02
  accumulated roughly 33,000 BTC on a 30 day net basis.
• 7:08
  Selling Long term Selling from long term holders has been one
• 7:12
  of the two of the largest sources of cell pressure this
• 7:16
  year, along with minor capitulation.
• 7:19
  Long term hodlers were a major source of distribution, while
• 7:23
  miners are typically forced to sell Bitcoin while mining at a
• 7:27
  loss. Since it takes 155 days for
• 7:32
  short term hodlers to transition into long term hodlers, this
• 7:36
  suggests that buyers from the past six months are now becoming
• 7:41
  long term hodlers and are outpacing the distribution.
• 7:44
  Long term hodlers sold more than 1,000,000 BTC during the 36
• 7:49
  percent correction from October marketing, marking the largest
• 7:53
  cell pressure event from the cohort since 2019, a period that
• 7:58
  ultimately coincided with the bear market low that year.
• 8:01
  With Bitcoin at around $3200, the October sell off was the
• 8:06
  third largest long term holder distribution phase since the
• 8:10
  current cycle began in 2023. The first occurred in March
• 8:14
  2024, when Bitcoin Bitcoin reached a peak of 73 K and over
• 8:20
  700,000 BTC were sold, while the second took place that November
• 8:25
  when Bitcoin reached 100,000 and more than 750,000 BTC or
• 8:31
  distributed by long term hodlers.
• 8:34
  That's right ladies and gentlemen, these two data points
• 8:37
  alone is making Nico feel bullish again and Nico isn't
• 8:43
  feeling bullish because Opti's back Nico's feeling bullish
• 8:47
  because I see the signs I see these articles about the whales.
• 8:53
  I see these hot articles about the long term holders and you
• 8:58
  know, they're seeing they're saying, hey, wait a second.
• 9:04
  You know, it might be a good idea to to get back in the
• 9:09
  market again. Now I don't want to jinx it
• 9:11
  because 10 generally when you say these types of things, you
• 9:16
  jinx things, but this is a good sign.
• 9:20
  Another good sign as well is over the last two weeks or so,
• 9:25
  last three weeks, we've been talking from a place of
• 9:29
  uncertainty here at Simply Bitcoin.
• 9:32
  And that much uncertainty, that much doubt, is the.
• 9:36
  Perfect. Situation, right?
• 9:39
  Think about it from the Wall Street CHEAT SHEET, right and it
• 9:42
  breaks you down the psychology of how you feel at every price
• 9:46
  level. The euphoric top, the
• 9:48
  desperation at the bottom. What we felt this cycle was not
• 9:54
  really a cycle based on, on euphoria and then desperation to
• 9:59
  follow. It was a cycle that peaked on
• 10:02
  apathy. And then what, what potentially
• 10:05
  could have followed it was this. If you peak on apathy, that
• 10:09
  means that you lose hope, right? That you means that, oh, this
• 10:13
  isn't going to go into euphoric phase.
• 10:15
  And then you kind of go into the psychology of uncertainty, the
• 10:19
  psychology of, of perhaps confusion.
• 10:22
  I have another, I have another chart for you guys, another data
• 10:26
  point. So this is his name is literally
• 10:30
  Chad. So Chad says record levels of
• 10:34
  retail getting ripped off. If you view this from the
• 10:38
  institutional perspective, they really did get the transition.
• 10:42
  They wanted as little retail as possible in the actual asset.
• 10:47
  They will sell you the derivative instead, right?
• 10:50
  And here is capitulation metric current price, right?
• 10:55
  So again, you know, Wall Street is some of the most
• 10:59
  sophisticated well funders, well funded, you know, you know,
• 11:07
  sophisticated, well funded deep capital markets in the world.
• 11:11
  And if you don't think that they're going to play these
• 11:13
  types of games on you and beat you at those types of games, I
• 11:17
  think if you've been sleeping at the wheel, here's this Last Post
• 11:21
  that kind of refers back to the articles showing you guys
• 11:24
  Bitcoin long term. Hodlers have stopped selling for
• 11:28
  the first time since July. Maybe celebrating too early.
• 11:35
  Maybe that flips again and we go back into a free fall, You know,
• 11:40
  back to the 5060. Can't even help yourself.
• 11:43
  You you. Even when you see some some
• 11:45
  bullish on chain data you you go bearish.
• 11:47
  Amazing. I'll be honest with you guys
• 11:50
  looking at this, this is the first positive bit of news that
• 11:55
  I've seen that has actually. You know, piqued my curiosity.
• 12:01
  I'm I'm actually interested when I see this type of information
• 12:05
  and then thinking about what my own mental psychology was over
• 12:09
  the last month or so. This has me interested, man.
• 12:13
  And then I'm going to pass the million SAT question to you,
• 12:17
  Opti, and I'm going to hold you responsible.
• 12:20
  Has Bitcoin bottoms. Well obviously I'm not the one
• 12:24
  to ask cause I've stayed bullish this whole time, but look, you
• 12:28
  know, doing a little chart bowling right now.
• 12:30
  It's. Doing exactly what I said it was
• 12:32
  going to do. Obviously up to this point, I've
• 12:35
  been right where when we hit the 80K range, I was like, I don't
• 12:38
  think it's going to drop more. I think we're going to go
• 12:40
  sideways. And whether you believe trend
• 12:43
  lines or you're, you just think they're magic TA lines, there is
• 12:46
  a kind of an uptrend building right now.
• 12:49
  And you could do it, you could see it on the daily or the
• 12:51
  weekly. And if that's the case, you
• 12:54
  know, it just it did what I said it was going to do.
• 12:56
  It's it's done the exact same thing we've seen happen since
• 12:59
  the ETF launch, which is it goes up a little bit, It goes
• 13:03
  sideways, then it goes down and then it goes sideways.
• 13:06
  And then it takes another leg up to a new kind of a benchmark.
• 13:10
  And it just kind of repeats this pattern, which is why I kept
• 13:13
  saying I'm not that bearish. Yes, you know, Bitcoin price
• 13:17
  dropped, but I was just looking at where we are now.
• 13:20
  Again, I am fundamentally under the belief that the institutions
• 13:23
  have changed the kind of the momentum of the Bitcoin price.
• 13:28
  And that's why I was looking at it being like I was just, I
• 13:30
  don't see it dropping under this ADK range where we're at right
• 13:34
  now. I see it going sideways and
• 13:36
  maintaining this kind of market structure that we've seen
• 13:39
  recently kind of create itself since 2024.
• 13:44
  Now when you see the on chain data, obviously I'm not the
• 13:47
  biggest on chain data guy. You know, I respect check matey
• 13:51
  out there. I know he's very big on Hey,
• 13:53
  it's it's the on chain data that matters.
• 13:56
  It'll tell you everything that you need to know.
• 13:58
  I'm a little more skeptical of the on chain data.
• 14:01
  I think it's a good, it's good to look at that data to kind of
• 14:05
  maybe wrap your head around where we currently are in the
• 14:07
  market. But I, I'm always on on the, the
• 14:10
  side of like, yeah, you're seeing what's happening on the
• 14:13
  network, but it doesn't really tell you what people are going
• 14:16
  to do. Because someone could wake up
• 14:17
  tomorrow and be like, look, I want to, you know, mass dump
• 14:20
  10,000 coins right now because I'm just done with this.
• 14:23
  You know, you can't really see human psychology on the on chain
• 14:27
  data per SE of all the culmination of humans.
• 14:30
  You can see the culmination of people in Bitcoin on on chain
• 14:33
  data, which is kind of why this is interesting to me as well.
• 14:38
  Because as we've seen, as we've been covering all year long,
• 14:42
  we've seen literally like hundreds of thousands, if not
• 14:44
  close to 1,000,000 coins hit the exchange.
• 14:47
  And This is why, even though sailors out here buying billions
• 14:51
  of dollars of Bitcoin, This is why the price has probably been
• 14:55
  so stagnant is because we have seen this transition phase.
• 14:58
  Now, we obviously don't know exactly what these people that
• 15:03
  are are are sending Bitcoin to the exchanges are doing.
• 15:06
  There's been a lot of speculation in the beginning of
• 15:09
  the year. It was something on the lines
• 15:10
  of, you know, the cipher punks are are selling out now because
• 15:13
  Wall Street's here. That was kind of the first
• 15:15
  narrative. Then the next narrative that
• 15:17
  kind of came out is like, oh, you know, a lot of these holders
• 15:21
  in Bitcoin are realizing they're gained.
• 15:23
  We saw a lot of old wallet from 20/10/2014 wake up start, you
• 15:27
  know, moving Bitcoin to exchanges.
• 15:29
  So maybe they're just locking in some gains here.
• 15:31
  Then the third narrative we saw was a lot of these OG holders
• 15:35
  are using the Wall Street products so that they can get,
• 15:39
  you know, actually use their wealth, whether that's Bitcoin
• 15:42
  collateral, whether that's getting Bitcoin into ETF.
• 15:45
  So there's more of like an inheritance, maybe some safety
• 15:48
  features behind that. So all of these narratives kind
• 15:51
  of built throughout the year, but one thing remained the same.
• 15:55
  We've been seeing a lot of selling of coins.
• 15:59
  Now, obviously, just because Bitcoin's hitting the exchange
• 16:02
  doesn't necessarily mean it's selling or Bitcoin Bitcoin
• 16:06
  addresses are kind of moving long term holder UTX OS are
• 16:10
  essentially, you know, dying in in the short term doesn't
• 16:13
  necessarily mean that they're selling Bitcoin, but it does
• 16:16
  give you a good idea of what Bitcoiners are thinking.
• 16:19
  If you're looking at the on chain data now to see the kind
• 16:23
  of first headline, essentially it confirms what I've been
• 16:26
  saying for the last couple of weeks, which is institutions are
• 16:30
  eating retails lunch. This has been the most obvious
• 16:33
  thing I've seen all year long where all my friends out here
• 16:36
  were essentially saying, hey, dude, you should have traded
• 16:39
  Bitcoin. October was the top at 1:26.
• 16:42
  If you sold then, bro, you could have bought lower.
• 16:44
  Yeah, Obviously in hindsight, I wish I did that, obviously.
• 16:49
  But what we're seeing now is exactly what we're seeing come
• 16:53
  out from all of the big banks. They are all trying to get
• 16:56
  Bitcoin positions right now. And I've just been on the fence
• 17:00
  or rather on the side for the last couple of weeks saying,
• 17:02
  look, I don't know what's going on with the price.
• 17:05
  But from kind of updating my mental models of what's going on
• 17:08
  currently in Bitcoin with all of the bullish news we've seen with
• 17:12
  all of the institutions and nation state game theory playing
• 17:15
  out right now. I think the best move was doing
• 17:17
  what the institutions were doing, which is this slow
• 17:21
  methodical buy position yourself in the Bitcoin network because
• 17:24
  it's not going away. You know, bitcoins not going to
• 17:27
  crash to 0 now when we have literally all the biggest
• 17:30
  institutions, most of the wealthy people started to
• 17:33
  embrace Bitcoin. I was like the smartest move
• 17:35
  from my view is just continue to accumulate this Bitcoin, not
• 17:38
  trying to out trade Wall Street algorithms, not trying to out
• 17:42
  trade BlackRock and JP Morgan and you know, Jane Street.
• 17:45
  I'm like, look, I know myself well enough.
• 17:48
  I'm not a trader. I don't think I can out trade
• 17:51
  these algorithms. I haven't been trading for 30
• 17:53
  plus years. You know, I, I had combos with
• 17:56
  some Bitcoin friends that literally were on Wall Street
• 17:59
  before I was born. And they're like, dude, you do
• 18:02
  not. Want to try to trade?
• 18:03
  These out trade these guys like just buy Bitcoin, take it in the
• 18:07
  cold storage and just continue to accumulate and I'm like yeah,
• 18:10
  that sounds perfect to me now the data is showing us that the
• 18:14
  whales you know 102,000 plus holders are accumulating Bitcoin
• 18:20
  now again, you guys know me. I'm not the biggest kind of fan
• 18:25
  of the smart money meme because I think bitcoiners are the smart
• 18:28
  money in general. But if you are watching the
• 18:31
  money, I would be watching what these wallets are doing if
• 18:35
  they're accumulating now and no longer selling to me that signal
• 18:39
  that yeah, we might have bottomed out.
• 18:41
  We might just be doing exactly what I said was going to do
• 18:44
  we're going to go sideways and then we're going to see another
• 18:46
  leg up we're going to see another run happen here Now does
• 18:49
  that mean the four year cycle's over?
• 18:51
  Probably I mean look it, it seems to me like 2026 is going
• 18:55
  to be bullish because we already saw the bearish in 2025 S I'm on
• 19:01
  the fence here. I'm I'm I'm very willing to be
• 19:04
  wrong about this, but as days keep progressing as blocks keep
• 19:08
  coming in, I I feel like I'm I'm more right by every day.
• 19:12
  As long as Bitcoin doesn't crash, then I think my.
• 19:15
  Thesis is correct and. You know, I'm, I'm going to be
• 19:17
  doing my victory lap over here and, and I'm, I'm actually your
• 19:21
  quant here, guys. I, I, I, we actually know what's
• 19:23
  going on now. I, I really don't, I'm, I'm just
• 19:26
  following the data, doing the best I can here.
• 19:28
  But yeah, I, it does look like maybe we have bottomed out,
• 19:31
  especially like Bitcoin's a simple supply and demand, you
• 19:35
  know, mechanism. If there is more buyers than
• 19:37
  sellers, then it has to go up. And by definition we have
• 19:41
  bottomed out. And we finally kind of flipped
• 19:43
  that switch though, if you go and look at one of those.
• 19:45
  Charts. It's like barely.
• 19:47
  Noticeable on the chart that we are net accumulators now.
• 19:51
  So it might still be early, but usually, you know, you follow
• 19:56
  the trend, you follow the momentum.
• 19:57
  And if that is the kind of emerging trend here, then I I
• 20:02
  would say, yeah, it does seem like we bottomed out.
• 20:06
  Let's see. Dude, you can't even help
• 20:11
  yourself still perish, no. Matter what, I love it I.
• 20:13
  Mean, look like, I'm not going to lie, like this is the first
• 20:16
  bit of positive information. And usually when something
• 20:21
  bottoms out, you don't know that it was the bottom until you know
• 20:25
  time has gone, but you do remember the feelings.
• 20:28
  And I think that this cycle is already different because we
• 20:32
  didn't have a euphoric peak, We didn't have the euphoria.
• 20:35
  We haven't felt euphoria since 21, really slight euphoria at
• 20:41
  the end of 24. Heading into the euphoria was
• 20:44
  Trump winning the election, which is terrible.
• 20:46
  Like from a bitcoiner's perspective, Like it's like, OK,
• 20:48
  great pro Bitcoin president, whoop Dee Doo.
• 20:51
  But the price performed better under Cachlan Kamala, right?
• 20:57
  Like that's that's not you know, I I would bring back Kamala
• 21:01
  Harris bring back Joe Biden an operation choke .2 point O
• 21:05
  'cause at least the number was going up under the first pro
• 21:08
  Bitcoin president price has not performed very well.
• 21:11
  So I think maybe that perhaps was the euphoric phase.
• 21:15
  I know a lot of the a lot of the like kind of altcoin shenanigans
• 21:19
  were were going parabolic during that era as well.
• 21:24
  So again, that usually marks a top, but it wasn't a traditional
• 21:28
  top. It wasn't, you know, the
• 21:30
  traditional blow off tops that we see in Bitcoin.
• 21:33
  I'm also calling bullshit on the people that are saying, oh Nico,
• 21:38
  that's never going to happen anymore because bitcoins market
• 21:42
  cap is too big. I'm calling utter BS on that
• 21:47
  narrative and let me tell you why we saw.
• 21:51
  Gold go parabolic. And silver.
• 21:54
  We saw silver go even more parabolic than gold.
• 21:58
  I think it started at like 20 bucks a couple years ago.
• 22:01
  Went up to like 120 something right?
• 22:04
  No, no, no. It started, it was like 35 for a
• 22:07
  long time from what I remember and it went up to like. 84 I
• 22:11
  actually didn't check silver. 20 silver's at 120 today.
• 22:15
  That's no. No, I don't know if it's today.
• 22:16
  No it it went to 84 bro let. Me.
• 22:19
  See I I literally looked at this.
• 22:21
  The other day you're looking at something else.
• 22:23
  Maybe it's IQ? 383, you're right, you're right.
• 22:25
  No, but look, in 2020 it hit an all time low of 12 bucks.
• 22:31
  So I think the million SAT question is like, you know,
• 22:36
  should we rebrand to simply Silver?
• 22:39
  Yes, it's got a ring to it. Simply silver.
• 22:43
  No, no, no, no, no. We are not silver bugs.
• 22:46
  I am, I'm I'm adamant against silver.
• 22:49
  I mean if. You.
• 22:49
  I love the utility of silver. But it's not money I.
• 22:52
  Mean and if you take a look at gold right in 2018 it was $1200
• 23:00
  and right now it's at 4300 and 3041 and in the beginning of 25,
• 23:08
  I mean gold has had a fantastic year.
• 23:13
  So again. Yeah.
• 23:14
  And and on that, I think gold and you guys can Fact Check me,
• 23:17
  but from what I remember, it's like gold added like 4 Bitcoin
• 23:22
  market caps. This year and we're all like.
• 23:25
  Bitcoin can't run anymore. So like, I, I, I just that
• 23:29
  narrative of like, it's too large of an asset for it to go
• 23:33
  parabolic. I call bullshit on that.
• 23:37
  Like I think silver's performance and gold's
• 23:40
  performance is an indication of that.
• 23:44
  Also, I think that if Bitcoin doesn't reach the market cap of
• 23:48
  gold, I would consider Bitcoin a failure.
• 23:52
  I think it is a superior asset and its characteristics, whether
• 23:58
  it's absolute scarcity, its ability for you to transact
• 24:02
  censorship resistant qualities, I think it's a superior asset to
• 24:06
  gold. Right.
• 24:08
  What did I say? Sorry it wasn't you.
• 24:10
  This this comment, Nico is a plant by JP Morgan to make
• 24:14
  people hate big Yeah, that's a banger.
• 24:20
  That's a banger. That's.
• 24:20
  That sweet Jamie, Jamie Dimon have you guys?
• 24:25
  Seen the have you guys? Seen the clip from the Adam Adam
• 24:29
  Newman show. No, if he shows up to the bank
• 24:33
  and he's like, you haven't seen it.
• 24:34
  No, I don't know what that is. OK, anyways, if you know, you
• 24:37
  know. But anyways, no, we're not
• 24:42
  employed by JP Morgan. Hey yo, Jamie, I like a
• 24:46
  paycheck. I'll take Jamie's paychecks
• 24:49
  here, dude. I'm probably sure you'll
• 24:50
  compensate as well. I'm with that.
• 24:56
  Anyways, so yeah, I just, I don't accept the narrative of, I
• 25:01
  don't accept the narrative of, of this like Bitcoin's market
• 25:05
  cap is too big for it to go parabolic.
• 25:08
  It's just gonna go, no, I call bullshit on that and I call
• 25:12
  bullshit on that as well because it's the common consensus
• 25:16
  because. It's so so no longer diminishing
• 25:19
  returns maxi. Niko's feeling bullish.
• 25:22
  Wow. All right.
• 25:23
  It's over, guys. It's completely over.
• 25:25
  Sell it all. Niko's bullish again.
• 25:28
  Feeling bullish? Not only that, not only that,
• 25:30
  right? For Bitcoin to reach the market
• 25:34
  cap of gold, one Bitcoin would equate to $1.5 million per coin,
• 25:40
  right? We used to be like, yo, if
• 25:42
  Bitcoin reaches the market cap of gold, it would be like $501
• 25:47
  million per coin. Now if it reaches the market cap
• 25:50
  of gold 1.5, right? So I mean, I don't know what do
• 25:58
  you think? I think it's going past gold
• 26:01
  market cap is what I think. I want to look it up, hold it
• 26:07
  down while I look it up. Oh man, no.
• 26:10
  But look at this point, guys, I've been very consistent on my
• 26:16
  messaging yes, I was wrong on 2025 yeah, I'll I'll, I'll, I'll
• 26:20
  own up to that. I I won't apologize for being
• 26:24
  wrong. I did.
• 26:25
  I did remember saying that the other day, but you know, I'm a
• 26:28
  man I I I'll admit when I was wrong, I was wrong on what was
• 26:31
  going to happen this year. Obviously I couldn't really
• 26:34
  foresee everything that happened, but overall.
• 26:38
  My, my, my perspective has basically been the same.
• 26:42
  It's like the institutions are in control now.
• 26:45
  I think Bitcoin's going to go back or go past the gold market
• 26:48
  cap. I've always said we're going to,
• 26:51
  you know, 7 figures per. Bitcoin, you know, I just, my
• 26:55
  timing was wrong, all right? You know, it's not that I'm
• 26:58
  wrong. I'm just not right now, all
• 27:00
  right? I'm always right.
• 27:01
  I just wasn't right now. OK, so that that's my take and I
• 27:05
  stand by it. Anyways, so I looked it up.
• 27:09
  Here are the precise numbers. At a market cap of 27.8
• 27:14
  trillion, it would be $1.32 million per Bitcoin.
• 27:18
  At a market cap of 30.4 trillion, it would be 1.45
• 27:24
  million per Bitcoin. So roughly between 1.3 and 1.5.
• 27:31
  And I think the base case here is, I think that happens within
• 27:35
  the next 5 to 10 years. Wow.
• 27:38
  I think it could. I, I, I was talking to a family
• 27:42
  member the other day, 'cause they bought some Bitcoin north
• 27:45
  of 100K and I was telling them, I said like, yeah, you know, you
• 27:50
  might have bought high for this cycle, whatever.
• 27:52
  It's not. But my base case is that by
• 27:55
  20-30, I would be very surprised if Bitcoin didn't hit half
• 28:00
  $1,000,000 per coin. I would be disappointed if it
• 28:03
  didn't. And then you would really want
• 28:06
  to start kind of rethinking stuff because that would be a
• 28:09
  four year period between now, which is basically the end of
• 28:13
  the year. 20/20/26 is 2 days away.
• 28:16
  We're four years away from 20-30, the new decades, right,
• 28:20
  the 30s and. So wait, you're saying four
• 28:24
  years? I I.
• 28:26
  We see a. 5 to 10 XII would be very surprised if we didn't see
• 28:31
  a minimum of $500,000 per coin by 20-30.
• 28:37
  And they called you a bear. I, I I.
• 28:39
  Feel very strongly about that for a couple of reasons I think
• 28:43
  again for Bitcoin to succeed number go up is very important
• 28:49
  right True from 2 perspectives the biggest converter of
• 28:55
  believers of of of of the the biggest instrument that Bitcoin
• 29:01
  has to orange pill people is not its ideological characteristics.
• 29:07
  It is number go up. Without number go up, Bitcoin
• 29:12
  fails now Satoshi was a genius what he did with creating the
• 29:19
  cap supply of 21 million and then also the halving process
• 29:26
  which cuts the rewards of minors, you know by half a kind
• 29:34
  of ensures that number go up. It's the number go up is built
• 29:37
  into the protocol and then banking on the fact that Satoshi
• 29:42
  believed as we believe that nothing stops this train.
• 29:45
  Governments are going to continue to print money.
• 29:48
  You know, canute spendholm's equation Infinity divided by 21
• 29:53
  million. It's not rocket science, guys.
• 29:57
  It's not rocket science. So are you telling me that with
• 30:02
  gold basically mooning, right, an asset that is in the 10s of
• 30:08
  trillions of dollars, are you trying to tell me that an asset
• 30:12
  that is less than $2 trillion isn't going to moon to that
• 30:20
  level? It it it's just going to be this
• 30:22
  slow grind up 20 to 30%? I don't see that.
• 30:27
  And that's what the consensus is right now.
• 30:29
  Everyone's lost hope. The parabolic years of Bitcoin
• 30:33
  are behind it. Speak for yourself.
• 30:36
  But but Opti's holding the line. Dude I am like the last bullish
• 30:40
  person on. YouTube this is crazy.
• 30:42
  Opti and Walker are holding the line.
• 30:44
  Bro yeah, shouts out to Walker. He he really, really did a
• 30:47
  number on you opt. Opti and Walker are holding the
• 30:50
  line. Anyways, guys, it's gonna be a
• 30:52
  fantastic show. We have tons to cover today,
• 30:56
  lots to talk about. But before we get into all that,
• 30:58
  guys, smash the like button, consider subscribing to Simply
• 31:03
  Bitcoin. We got a hell of a show lined up
• 31:06
  up for you guys, some videos to react to, some breaking news
• 31:11
  that happened over the weekend that made quite a bit of a
• 31:14
  splash. I want to talk about it and I
• 31:18
  want to talk about how. Bitcoin truly fixes this.
• 31:22
  So anyways, we're going to be right back in just a SEC and
• 31:27
  we're going to hit the numbers. Let's check it out.
• 31:32
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  stamp se-ed.com store all right everybody we are back.
• 33:43
  If you guys are enjoying Simply Bitcoin Live, make sure to smash
• 33:47
  that like button. Send opti Adm on X he loves
• 33:52
  talking to you guys at Optimus Fields.
• 33:55
  Send him a message, spark a conversation with him.
• 33:59
  Please don't do that. Why?
• 34:03
  I don't check my DMS. But what you don't you don't want to talk
• 34:07
  to everybody, Opti. I talk to them here, I hit.
• 34:10
  Me in the chat, I talk to you right now live.
• 34:14
  I think you guys should. Chill, get to the numbers.
• 34:21
  OK, All right, so. Let's talk about today's numbers
• 34:29
  so you guys know the deal. No, we haven't got to that part
• 34:34
  yet. At the time of recording, the
• 34:35
  Bitcoin price is $88,300. Block Height 930,180 market cap
• 34:40
  1.76 trillion Bitcoin versus gold market cap 5.67% Decline
• 34:44
  from all time high -30% All right, everybody, so I.
• 34:50
  This is like, this is the type of of video that would make
• 34:55
  Ruston like jump up, up and down in excitement.
• 34:59
  And I would call this Rustin's vindication video because for a
• 35:06
  very long time, all the things that people that were sound
• 35:11
  money advocates that talked against central banking, we kept
• 35:16
  saying that there's a giant cabal.
• 35:18
  On earth that controls money, the issuance of money, the
• 35:24
  control the flows of money. And we've been hypercritical on
• 35:29
  the central banking system and part of today's news story is
• 35:33
  going to connect with this. It's all going to be about
• 35:35
  central banking. It's all going to be a critique
• 35:37
  on central banking. But I saw a video the other day
• 35:42
  of someone from the Roth what's what's the name of the?
• 35:45
  Rothschild. Rothschild family basically
• 35:49
  saying. The quiet part out loud, they
• 35:52
  said exactly what the book the creature from Jekyll Island
• 35:56
  confirmed they've been saying exactly what Rustin has been
• 36:00
  saying for a long time now and they've been saying what we have
• 36:05
  believed internally here at simply Bitcoin.
• 36:07
  But we just didn't believe the Overton window shifted enough
• 36:11
  for you to say say that publicly.
• 36:13
  Now they're they're the hubris. They're saying it themselves,
• 36:18
  they're saying it openly, they're saying it publicly, and
• 36:23
  I find it fascinating. I find it quite interesting.
• 36:26
  So I'm going to play you guys a clip.
• 36:27
  And then we're going to talk about it.
• 36:29
  Literally the first time I saw it, I thought it was
• 36:32
  unbelievable. Let's check it out.
• 36:34
  And again, this lady is a member of the, how do you say it
• 36:38
  Rothschild, Rothschild family. So let's check it out.
• 36:44
  So this is an extraordinary story.
• 36:47
  So he was born in a place called the Yudongasa, which was a
• 36:52
  Jewish ghetto basically. And it was the house that he
• 36:55
  lived in when he eventually had 13 children, was only 14 feet
• 36:59
  wide. And he lived there with his
• 37:01
  very, very overpowering and dominant and an incredibly
• 37:05
  brilliant wife who was called Guttel.
• 37:07
  He was determined to get out of this ghetto.
• 37:09
  At night time. The ghetto was closed.
• 37:11
  You weren't allowed to leave. The street was so narrow that no
• 37:15
  sunlight could penetrate. There was no plumbing, there was
• 37:18
  no sewage. There was nothing.
• 37:20
  So everything you can imagine happened in this street.
• 37:23
  And unsurprisingly, he wanted to get out of there.
• 37:26
  And he started a small coin business.
• 37:29
  And that did reasonably well. But actually, and this is where
• 37:32
  it ties into legacy, his great strength was to send his five
• 37:37
  sons to the capitals of Europe at that time.
• 37:40
  And what they did is they set up in effect, the first
• 37:44
  international banking system. So whereas everyone used to be
• 37:48
  in separate different countries or separate cities until then,
• 37:52
  these five boys communicated with each other, sometimes by
• 37:56
  pigeon, and they wrote to each other in Yuden Deutsche, which
• 38:00
  was a kind of Yiddish German vernacular.
• 38:05
  And that is why they were so successful.
• 38:07
  And this absolute belief and togetherness, you've got to
• 38:11
  stand together, you've got to work together, you've got to
• 38:14
  work across borders, you've got to work with rules.
• 38:17
  And by 1789, when the last one went to 1815, so very, very
• 38:23
  short period of time, it was said that no government or king
• 38:28
  would consider going to war without the Rothschilds
• 38:31
  supporting them, because that was how incredibly influential
• 38:35
  and powerful they had become. I mean like we are called
• 38:45
  conspiracy theorists for saying that for a very long time.
• 38:50
  Right. Like, think about what she just
• 38:52
  said, right? This family that again, you
• 39:01
  know, Ruston would have a heyday, right?
• 39:05
  Being able to talk about this subject, Ruston, I hope.
• 39:08
  You, we, we, we should just send it to him and have him do a
• 39:10
  video. Oh God.
• 39:11
  Oh God. And like, I remember Ruston
• 39:17
  saying this for like, the longest time, right?
• 39:21
  And I would say, yeah, Ruston, you're right, bro.
• 39:24
  But like, over to the window, man.
• 39:26
  Like, you know, like, this is not mainstream enough for us to
• 39:31
  talk about it. Like, dude, like just wait.
• 39:36
  Never in a million years would I imagined a member of the
• 39:40
  Rothschild family. And I'm not saying they have as
• 39:42
  much power today as they do back then, but they're the
• 39:46
  architects. You can't deny that they are the
• 39:50
  architects of this because essentially what she admitted
• 39:54
  was that. Even though these countries were
• 39:57
  sovereign countries, think about how much power this.
• 40:04
  Family had for them to have that much influence on these
• 40:10
  countries that these countries wouldn't even consider going to
• 40:14
  war with each other without the blessing of this family who
• 40:20
  nobody, nobody voted for, no one had.
• 40:23
  This isn't sovereignty, by the way.
• 40:25
  This is an. This is an ungodly amount of
• 40:29
  influence. Over people's lives.
• 40:33
  And so I see it, the chat, the the comment on the screen.
• 40:36
  She's not confessing, she's bragging Lola 100 percent, 100%.
• 40:42
  There's a hubris there is wild. Now let's put.
• 40:46
  Two and two together because five years ago this is a
• 40:49
  conspiracy theory, today it's being openly talked about,
• 40:54
  right? To think that central banks
• 41:00
  don't have. As much influence on countries
• 41:05
  today than they did 100 or 200 years ago.
• 41:10
  I think you're incredibly naive to think that's not the case
• 41:16
  because again, they have so monopolies over the issuance of
• 41:21
  money. They have basic control,
• 41:25
  complete control over the ability for people to send and
• 41:31
  receive money. So to think that they're in
• 41:38
  their power, the institutional power of central banking of that
• 41:42
  system has decreased since that era and not increased, I think
• 41:47
  is incredibly naive and to, to, to believe that.
• 41:51
  And I'm going to give you a very basic example during the news
• 41:57
  section of something that happened, a video went viral
• 42:03
  over Twitter regarding some fraud that happened in
• 42:09
  Minneapolis. And I'm not going to get into
• 42:11
  the politics of it and kind of fall down into that rabbit hole
• 42:15
  because. That's not the type of.
• 42:17
  Channel we are. We're focused.
• 42:19
  We're a Bitcoin channel, meaning we're focused on optimism and
• 42:23
  providing you a solution as an individual to escape the system
• 42:28
  of central banking, right? So we're going to give you a
• 42:32
  Bitcoiners perspective on what happened in Minneapolis, how it
• 42:36
  ties to central banking. But essentially I think central
• 42:40
  banking is the worst thing that has happened, one of the worst
• 42:44
  things that has happened on planet Earth, and it has led to
• 42:48
  some of the biggest conflicts the world has ever seen.
• 42:52
  Therefore it has led to some of the biggest atrocities the world
• 42:55
  has ever seen. And today, I think the only
• 42:57
  reason that Bitcoin even exists and the only reason that the
• 43:03
  younger generations are, are starting to ask questions that
• 43:06
  older generations would say are just why you even asking that
• 43:11
  this is how the system works is because of the amount of despair
• 43:15
  and desperation that people are feeling.
• 43:18
  They feel like they can't get ahead.
• 43:20
  They feel like they can't save that.
• 43:22
  They see the prices of real estate and they just keep going.
• 43:25
  Higher and higher and higher and higher.
• 43:28
  And, and I would agree with them, but again, that is because
• 43:31
  they've been pricing everything in dollars and not in Bitcoin.
• 43:34
  If you price everything in Bitcoin, actually everything has
• 43:37
  been getting cheaper. Right.
• 43:38
  So again, you have a member of the Rothschild family admitting
• 43:45
  to the quiet. Part out loud.
• 43:47
  Of how much influence they had over supposed sovereign nations
• 43:53
  that were supposedly sovereign, that means that they were able
• 43:56
  to govern themselves. And if by definition.
• 44:00
  You have to ask. One family who controls all the
• 44:05
  major banks in Europe for their blessing in order to go to war
• 44:10
  with another country. If you ask to ask, ask.
• 44:14
  Permission from that family, that family has a tremendous
• 44:19
  amount of unaccountable power, right?
• 44:23
  And to think that that influence has not maintained itself,
• 44:30
  though I'm not saying this particular family, but that
• 44:32
  system in general has not maintained itself over the last
• 44:35
  100 or 200 years. I think you're incredibly naive.
• 44:39
  Some parts of early American history, I mean, you had
• 44:42
  presidents like Andrew Jackson who literally ran on campaigns.
• 44:47
  He was almost assassinated on campaigns on ending the central
• 44:52
  bank, and he was successful on ending the second American
• 44:55
  central bank. It wasn't until 1913, in the day
• 44:59
  before Christmas that they were able to basically sneak in the
• 45:03
  third version of the American central bank, which we've been
• 45:05
  living in since then. Which World War One has happened
• 45:09
  since then? World War 2 has happened since
• 45:11
  then. The Great Recession has happened
• 45:13
  since then. The Great Depression has
• 45:15
  happened since then. So the very mandate, the very
• 45:19
  justification, right? Also the introduction of the
• 45:22
  income tax in the United States, which again was introduced the
• 45:27
  same year that central banking was introduced, right?
• 45:30
  So all of those things the, the, the central banking was sold to
• 45:35
  the American public to remove uncertainty in the markets,
• 45:39
  right? That they would take care of
• 45:42
  inflation, that they would take care of employment.
• 45:45
  I think they've utterly failed in those mandate mandates, and
• 45:49
  it's given an due amount of power to politicians and to to
• 45:58
  central bankers. And I think that they've been
• 46:01
  using that system to enrich themselves at the cost of the
• 46:06
  middle and lower classes. That's my theory of the case.
• 46:10
  Bitcoin obviously fixes this bit.
• 46:12
  Bitcoin is middle class money, but dude, I'm going to send the
• 46:18
  video to Ruston before I pass it to Opti.
• 46:22
  Well, you know, what's the most interesting is like this has
• 46:25
  been very public knowledge, I think for a long time.
• 46:28
  Obviously, if you read the creature from Jekyll Island, I
• 46:31
  read that when I was like 18 and at the time it did feel like a
• 46:35
  crazy conspiracy theory, right? But it, it's all factual, You
• 46:38
  know, it, it's been, it's historically documented that
• 46:41
  this is the case. What I, what I find the most
• 46:44
  interesting in, in the recent years, in the last couple of
• 46:46
  years, if you brought up this kind of idea, you were being
• 46:51
  labeled as a conspiracy theory. And now we have, you know, a
• 46:56
  Rothschild basically bragging about it.
• 46:58
  And, and the irony isn't lost on me that it's at like meet the
• 47:01
  legacies, which is obviously, you know, why she's there and,
• 47:05
  and what they, they, they have a great legacy, whether you like
• 47:08
  it or not. Like, you know, they
• 47:09
  fundamentally changed the world. But it is interesting that even
• 47:14
  when I found this, even though it was historically documented,
• 47:17
  it's not just in the creature from Jekyll Island.
• 47:19
  You can find it in a lot of places.
• 47:21
  It still felt like a conspiracy even though it was like facts.
• 47:24
  And then later, you know, once I realized, oh, you know, I'm not
• 47:28
  crazy. This isn't just some quack idea
• 47:30
  on the Internet. It just became kind of like a
• 47:33
  known fact to me. Like this is one of the reasons
• 47:36
  why I always feel like I was meant to be a Bitcoiner is
• 47:39
  because right when I went to college, I found the creature
• 47:42
  from Jekyll Island. And then by happenstance, one of
• 47:45
  my philosophy teachers was talking about the creature from
• 47:47
  Decker Island. I'm like, oh, adults talk about
• 47:49
  this. So this must not be that crazy
• 47:51
  after all. Fast forward 10-15 years and it
• 47:55
  kind of got formed and morphed into, oh, if you talk about
• 47:58
  this, then you're a conspiracy theorist.
• 48:01
  And now, you know, they're bragging about it.
• 48:03
  And it really reminds me of one of Bitcoin's favorite quotes,
• 48:07
  which is, I believe it's Nathan Rothschild, or at least it's
• 48:10
  attributed to him. And it's the idea or I'm, I'm
• 48:13
  gonna I'm gonna butcher the quote, but it's something on the
• 48:16
  lines of give me control of a nation's money and I care not
• 48:20
  who makes the laws. And it's still amazing to me
• 48:24
  that most people don't know that this is the case, that, yeah,
• 48:27
  maybe it's because, you know, like a public school student
• 48:30
  like myself, we're not really taught, you know, the best
• 48:32
  history of things or we're just told a certain narrative so that
• 48:34
  we can be good, you know, worker bees.
• 48:37
  But it's still amazing to me that most people don't
• 48:39
  understand that this happened, that this is the case, that this
• 48:42
  is how the world actually works. And here we are in 2025 at the
• 48:46
  end, tail end of 2025. And now it's on CNBC.
• 48:50
  And it's just kind of like it's being applauded.
• 48:53
  It's like, yes, this is a great thing.
• 48:55
  You know, This is why you are so wonderful and smart and powerful
• 48:59
  is because of a small fateful move.
• 49:01
  Though on the flip side, it really shows you why all of us,
• 49:05
  especially as millennials and I would even say that, you know,
• 49:08
  Gen. Xers out there, but the
• 49:11
  especially the zoomers, millennials, you can even argue
• 49:14
  the boomers as well. Like This is why our purchasing
• 49:17
  power has been decimated. This is why a lot of people are
• 49:21
  nihilistic and destitute. A lot of people don't think
• 49:24
  there is hope is because there's a huge club and we're not in it.
• 49:28
  And this is where Bitcoin comes in.
• 49:31
  You know, Bitcoin flips, flips the game upside down, flips the
• 49:35
  chess table upside down so that you can actually save in
• 49:40
  something that you can actually level up.
• 49:44
  You can change the trajectory of your bloodline of your fellow
• 49:49
  generations behind you is literally all you need to do is
• 49:52
  save in something that they cannot print more of, that they
• 49:54
  cannot control that you. All you got to do is just start
• 49:59
  saving in it, accumulating, essentially playing the same
• 50:01
  game. All you need to do is, as they
• 50:04
  like to say, hoard assets, which the only asset you should be
• 50:08
  holding is Bitcoin. And this is how you escape the
• 50:11
  matrix. You escape the game, you finally
• 50:13
  leave that system and you join a better system of of a better
• 50:17
  money. Yeah.
• 50:18
  I mean, the question also too is like, did is gold performing the
• 50:23
  way it has performing and silver performing the way that's been
• 50:27
  performing, Is that like a precursor to what is going to
• 50:31
  happen to Bitcoin? Because I think the only reason
• 50:34
  that gold and silver have been performing the way that they've
• 50:37
  been performing is because people are losing faith on Fiat
• 50:41
  money, right? I don't see why else they would
• 50:44
  go parabolic the way they have in the last year.
• 50:48
  Unless Wall Street is messing with us.
• 50:50
  Like unless Wall Street was basically like.
• 50:52
  Ah, you know what? Would be a good trade.
• 50:54
  Let's stop suppressing silver and gold.
• 50:57
  Let's suppress Bitcoin. That will confuse the hell out
• 51:01
  of them. They're going to lose all their
• 51:03
  hope by getting outperformed by the by the 10,000 year old bar
• 51:10
  of of metal. And then I don't know, I'm, I'm,
• 51:14
  I'm going down a rabbit hole that perhaps isn't.
• 51:16
  Real. Is that a tinfoil Viking hat?
• 51:20
  No, this is a real Viking hat. I'm a I'm a Viking warrior right
• 51:24
  now bro. No, but all right anyway.
• 51:27
  Anyways, Anyways, see, Bigwig got it.
• 51:30
  Bigwig got it in the chat. Nico doesn't get the joke
• 51:34
  anyways. All right, so did you.
• 51:38
  Comment on the video though. Yeah, I did.
• 51:40
  No. You did?
• 51:41
  Yeah, I did. While you were putting the
• 51:42
  Viking hat on, I was talking. Do you know that Lady?
• 51:47
  I mean, I know her now do. You do you think she's friends
• 51:49
  with Chrissy? Definitely friend with Chrissy.
• 51:52
  They both got posh accents. They're totally at dinner club
• 51:56
  drinking tea together. A. 100%.
• 51:58
  Yeah, I might have seen her. I were at Chrissy's.
• 52:00
  Yeah, yeah, I might. I might have met her.
• 52:02
  Definitely met her. Before, yeah, yeah.
• 52:03
  Crossed paths with her. Before.
• 52:05
  I know I should have. I should have gone.
• 52:06
  With her, not Chrissy, yeah. Chrissy works for her.
• 52:10
  I know. Back honestly big bags all.
• 52:14
  Right, everybody, it's going to be a fantastic show.
• 52:16
  We have tons to cover. We're going to get into this
• 52:18
  videos coming out of Minneapolis.
• 52:20
  The content creator goes by the name of Nick Shirley.
• 52:24
  I think that's how you pronounce his name.
• 52:25
  I'm I'm literally I'm catching up with this, but I believe
• 52:28
  that's his name. Anyway, this video went
• 52:30
  absolutely viral and it was in covering a bunch of.
• 52:33
  Wait, yo, take the hat off. It's oh, wait, no, there, you're
• 52:36
  good. It's zooming, focusing on the
• 52:38
  hat. And it was it uncovered.
• 52:42
  It uncovered a bunch of fraud. And everyone's reacting to the
• 52:47
  video and they're very upset and they're like, hey, like, like,
• 52:50
  why should I do this? Like I don't understand.
• 52:53
  Like, and my base case is this will always happen.
• 52:59
  This will happen no matter what as long as Fiat money and
• 53:06
  central banking exists. It's the incentive structure
• 53:09
  that's broken. If you don't fix the incentive
• 53:11
  structure, this is destined to repeat itself over and over and
• 53:17
  over and over again. So if you don't address the root
• 53:21
  cause, everything else is like putting a Band-Aid on the
• 53:25
  problem. All right.
• 53:26
  Everybody, let's get to the. News.
• 53:28
  We have tons to cover. We're going to be right back in
• 53:30
  just a bit. I want to give a shout out to
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  All right, let's jump into today's featured story.
• 56:30
  Ladies and gentlemen. I do want to cover this because
• 56:34
  again, it made quite the buzz when it dropped.
• 56:39
  So here's Nick Shirley. Nick Shirley is a 23 year old
• 56:45
  YouTube that posted a video over the weekend essentially or four
• 56:53
  days ago uncovering over $100 million in fraud.
• 57:01
  And if you're thinking Nico, you're being hyperbolic or
• 57:04
  you're being crazy or this makes no sense, I plead you to go
• 57:10
  watch the video, right? By the way, a couple of things
• 57:14
  that I want to connect the dots for you guys here on.
• 57:20
  We have big problems if a 23 year old with a camera and a
• 57:27
  YouTube channel is doing better investigative journalism than
• 57:35
  entire news outlets whose sole purpose is to supposedly deliver
• 57:43
  the news. And a 23 year old with a YouTube
• 57:47
  is doing a better job at just that.
• 57:50
  The reason? Simply Bitcoin got here today is
• 57:55
  I remember vividly the first couple of years of our
• 57:59
  existence. I remember looking at Opti and I
• 58:01
  was like, dude, like I think we're journalists right now.
• 58:05
  Because I remember under the Biden administration when you
• 58:09
  heard stuff like there's going to be no inflation.
• 58:11
  And, and just like the insanity of it, there was no, and I'm,
• 58:16
  I'm not trying to talk us up because again, there was no
• 58:18
  other Bitcoin live show or daily live show, but like it was
• 58:24
  insane to me that there was no one else reporting on what was
• 58:28
  actually going on as it related to Bitcoin.
• 58:31
  And again, this is the power of social media.
• 58:37
  The fact that one individual journalist, one highly motivated
• 58:44
  23 year old kid basically went outside with a camera and a
• 58:51
  simple microphone and literally went door to door and started
• 58:58
  digging in to where all this money, 110,110 million, $110
• 59:05
  million. And that's just only one day of
• 59:07
  work where all of that money supposedly went.
• 59:12
  Right. And remember, this is your
• 59:15
  money. If you are a taxpayer in the
• 59:20
  United States, this is your money, right?
• 59:24
  And I, I really don't want to kind of get into like the
• 59:29
  politics of it and stuff like that because we're not that type
• 59:32
  of channel. But think about it like if,
• 59:40
  like, think about how hard you work and what you need to do to
• 59:46
  pay your taxes. Think about all of the stuff you
• 59:49
  need to do in order to fulfill that law, right?
• 59:54
  The Law of the. Land simultaneously, there is
• 1:00:00
  absolutely no accountability on what the government does with
• 1:00:07
  that tax money. At the end, there's none.
• 1:00:12
  It doesn't exist. So there's accountability for
• 1:00:15
  citizens to pay taxes, but there's almost 0 accountability
• 1:00:22
  for what the government does with your tax money.
• 1:00:28
  There's something inherently wrong with the system.
• 1:00:30
  The Pentagon failed its its 8th audit in a row.
• 1:00:37
  It's not a coincidence that they ran Elon out of town with the
• 1:00:44
  whole doge thing and then they shut it down.
• 1:00:46
  That's not a coincidence. It's not a coincidence.
• 1:00:51
  It's not a coincidence that it took a 23 year old kid for him
• 1:00:59
  to make a video and for that video to go viral for then only
• 1:01:06
  then for the government to actually respond and actually do
• 1:01:10
  something about it. Here's the official statement
• 1:01:13
  from the Attorney General, Pam Bondi.
• 1:01:15
  I know Opti's a huge fan. Nick Shirley's work has helped
• 1:01:21
  show Americans the scale of fraud in Tim Walz Minnesota.
• 1:01:25
  Mind you, again, not to be political or anything, Tim Walz
• 1:01:31
  was very close from becoming the Vice president of the United
• 1:01:36
  States. The Justice Department has been
• 1:01:40
  investigating this for months. Of course, they have to say that
• 1:01:44
  so far we have charged 98 individuals.
• 1:01:48
  And I don't want to get into the rest of the part, but again, and
• 1:01:52
  then you, you hear all the like you have an official statement
• 1:01:57
  by the vice president, You have an official statement by
• 1:02:00
  senators. You have an official statement
• 1:02:03
  from like, you know, the speaker of the, it's like, news flash,
• 1:02:07
  you guys have been in power for the past year, bro.
• 1:02:10
  Like it's like you guys are the ones in power.
• 1:02:14
  Like going on Twitter and saying we're aware of the situation,
• 1:02:18
  we're doing something about it. It's like you guys are literally
• 1:02:20
  the only ones that that have the capacity, like from a legal
• 1:02:23
  perspective to do something about it.
• 1:02:25
  Like the fact that a 23 year old kid broke this type of news and
• 1:02:31
  no other legacy media institution that has much bigger
• 1:02:38
  budgets was not able to break this news tells me that there's
• 1:02:47
  a very tiny club and we're not in that club.
• 1:02:52
  That's what that tells me. Here's a screenshot.
• 1:02:56
  I'm sure it's been updated since then.
• 1:02:59
  None of these news outlets reported on this, especially
• 1:03:03
  when it just dropped and the amount of money that's being
• 1:03:06
  sent. Guys, I highly recommend you
• 1:03:08
  guys checking out this video. The amount of money that is
• 1:03:12
  being sent to these childcare centers without any sort of
• 1:03:16
  verification as to whether they were actually childcare centers
• 1:03:22
  is insanity. And if you take a look at where
• 1:03:27
  the media has reported on this, I'm assuming not all of CNNBC is
• 1:03:35
  taking this stance, but I'm going to read some of the things
• 1:03:41
  that have been said. The polarization of the DOJ and
• 1:03:45
  the FBI is undeniable. So whether they are reliable
• 1:03:48
  narrators is the big question. And this is what happens when
• 1:03:52
  you weaponize and politicize. Federal agencies that are met
• 1:03:55
  are not meant to be politicized. And I think the American people
• 1:03:59
  are right to ask the question, well, can we trust you?
• 1:04:02
  The Somali population in Minnesota, those people are
• 1:04:05
  being scapegoated. And that community is being
• 1:04:08
  scapegoated in a way that certainty serves the far right.
• 1:04:13
  This isn't about left or right. Watch the video, watch the
• 1:04:19
  video, watch the video. It is insanity.
• 1:04:23
  And again, 127 million views, 624 likes.
• 1:04:31
  And legacy media is basically trying to gaslight you and
• 1:04:36
  telling you that, hey, look, what you see in front of you is
• 1:04:41
  not real. That's what they're saying,
• 1:04:44
  right? Here's Marty Bent's take on it.
• 1:04:46
  And he says we're at the loot the treasury stage of empire
• 1:04:50
  collapse. And people are looking for
• 1:04:52
  regulatory clarity from the people doing the looting.
• 1:04:57
  More effort should be spent exposing these people as
• 1:05:00
  criminals instead of trying to appease them. the US is not my
• 1:05:05
  words, by the way. The the US government isn't.
• 1:05:08
  I don't know if I could say that, but basically Marty Batt
• 1:05:14
  is making the case that that. Yeah, read the last tweet
• 1:05:19
  though. Kind of a banger.
• 1:05:21
  Marty Batt Quote The regulatory clarity you seek will make it so
• 1:05:25
  that they can loot your Bitcoin. Next post by Marty Batt I don't
• 1:05:31
  know if I could read this. I can't read that, but you could
• 1:05:40
  see it on screen. I can read this and then I'll
• 1:05:45
  connect it with a quote by Andrew Jackson, who successfully
• 1:05:48
  ended the second American Central Bank.
• 1:05:51
  The fraud will continue until we separate money from the state.
• 1:05:55
  It's a symptom of the misalignment of incentives
• 1:05:58
  created by central banking. Any attempt to fix?
• 1:06:01
  It. Without addressing the root
• 1:06:02
  cause is 1/2 measure and this only gets worse.
• 1:06:08
  So the reason that it took a viral video for the attorney
• 1:06:12
  general to even acknowledge this was happening.
• 1:06:16
  It took a viral video for the FBI to even acknowledge this was
• 1:06:19
  happening. The reason that they ran Elon
• 1:06:22
  Musk out of town I believe is because Washington does not want
• 1:06:31
  you to know this. And I think to think that I, I
• 1:06:40
  don't want to be specific on the origin and, and where these the
• 1:06:45
  whatever, to think that this all didn't happen and there, there
• 1:06:54
  weren't any types of kickbacks to people, people higher, you
• 1:07:00
  know, up the totem pole. And it was just this level of
• 1:07:04
  fraud committed at an industrial scale by hundreds of
• 1:07:13
  individuals. And to think that there was no
• 1:07:16
  awareness by the upper echelons of power.
• 1:07:21
  And the governor happened to be the person who was running for
• 1:07:26
  vice president. If you'd think that there was no
• 1:07:29
  types of Bennett. Listen, there's a reason some of
• 1:07:32
  these politicians that make $172,000 per year supposedly end
• 1:07:37
  up with 10s of millions of dollars of net worth.
• 1:07:41
  There's a reason for that, right?
• 1:07:44
  And this is what Marty Bent is talking about in this tweet when
• 1:07:49
  he was referencing the looting, right?
• 1:07:52
  So we are solution based forward-looking show.
• 1:07:57
  And my response to this is, again, you have to fix the
• 1:08:07
  sickness. If you don't fix the 'cause it
• 1:08:11
  won't fix anything, you're not going to change anything.
• 1:08:15
  You're going to end up with the status quo.
• 1:08:17
  You're going to end up with a situation like Elon where he
• 1:08:21
  goes in there, he exposes the fraud, one law gets passed, and
• 1:08:27
  then they kick him out of town, right?
• 1:08:29
  They say go home, basically you're going to have that
• 1:08:33
  situation again and fundamentally.
• 1:08:36
  The IT it's a. Very simple, and I'm going to
• 1:08:38
  make it very simple for you guys.
• 1:08:40
  As long as the government has the ability to create money for
• 1:08:46
  free that everyone else has to work for, there is absolutely 0
• 1:08:51
  incentives for accountability of that money and put taxes aside
• 1:08:58
  because just revenue tax aside is not enough for the yearly
• 1:09:04
  federal budget in the United States.
• 1:09:06
  So even if you put that aside for a second, when they print
• 1:09:13
  money that is a form of taxation.
• 1:09:16
  You are indirectly paying for all of this.
• 1:09:21
  If you want to know why you can't get ahead, if you want to
• 1:09:25
  know why things keep getting more expensive, if you want to
• 1:09:28
  know why rent, groceries, everything gets more expensive
• 1:09:32
  around you, This is why. This is literally why you can't
• 1:09:37
  vote yourself out of this. You cannot do it.
• 1:09:40
  We had the strongest coalition, I think, in American politics in
• 1:09:48
  many decades. You had the first Republican to
• 1:09:52
  win the popular vote in 20 years.
• 1:09:56
  You had a mixed coalition of modern Democrats like Tulsi
• 1:10:01
  Gabbard and RFK Junior. You had JD Vance go in there,
• 1:10:07
  right? You had this fantastic lineup of
• 1:10:11
  people that were going to go in there and supposedly fight for
• 1:10:15
  the middle class and supposedly to put America first.
• 1:10:21
  News flash, it's been a year. The price of Bitcoin is lower
• 1:10:29
  this entire year. We did not get those things.
• 1:10:33
  We got more foreign wars. We got the continuation of wars,
• 1:10:38
  we got this type of stuff, and I'm sorry, from a voter's
• 1:10:43
  perspective, I'm looking at that.
• 1:10:45
  I'm very grateful for the right for, for ending Operation Show
• 1:10:49
  .02. Let's see, Samurai wallet guys
• 1:10:51
  are still in prison. I'm very grateful for Ross
• 1:10:54
  Ulbricht being freed. Very grateful for that.
• 1:10:57
  I'm not saying I'm not grateful, but like, dude, this isn't cool,
• 1:11:03
  right? So anyways, here is Andrew
• 1:11:07
  Jackson and he says this is one of his quotes from again, a lot
• 1:11:13
  of Andrew Jackson's presidency was running against the very
• 1:11:18
  idea of an American central bank.
• 1:11:23
  And this is his quote. Gentlemen, I too have been a
• 1:11:27
  close observer of the of the doings of the Bank of the United
• 1:11:31
  States. I have had men watching you for
• 1:11:34
  a long time and I'm convinced that you have used the funds of
• 1:11:38
  the bank to speculate, to speculate in the bread stuffs of
• 1:11:42
  the country. When you won, you divided the
• 1:11:45
  profits amongst you, and when you lost, you charge it to the
• 1:11:48
  bank. You tell me that if I take the
• 1:11:51
  deposits from the bank and a knowledge charter, I shall ruin
• 1:11:56
  10s. I shall ruin 10,000 families.
• 1:12:00
  We've heard that before. We've heard that before.
• 1:12:04
  Where have we heard that before? Remember what happened when they
• 1:12:09
  ended USAID? Remember what says Oh my God,
• 1:12:13
  people are going to lose their this and that and remember that
• 1:12:16
  was the same. Aren't we've heard this before.
• 1:12:19
  That may be true gentlemen, but that is your sin.
• 1:12:22
  Should I let you go on you will ruin 50,000 families and that
• 1:12:26
  would be my sin. You are a den of Vipers and
• 1:12:30
  thieves and I have determined to route you out.
• 1:12:33
  And by the Eternal bringing his first down on the table, I will
• 1:12:37
  route you out. It's a very strong line.
• 1:12:41
  Now check this out. The bank is trying to kill me.
• 1:12:47
  But I will kill it. Interesting.
• 1:12:52
  So again, many, many, many, many many quotes related to this.
• 1:13:03
  So if you guys saw this story broke over the break over the
• 1:13:09
  weekend and you guys saw the video, which I'm assuming a lot
• 1:13:12
  of you have, I hope that this is a new and fresh perspective for
• 1:13:16
  you. Because if you think that either
• 1:13:19
  Team Blue or Team Red or tagging the attorney general, or tagging
• 1:13:24
  the FBI or tagging your senator or tagging your representative
• 1:13:29
  is going to change any of this, you are completely naive.
• 1:13:35
  I'm not saying everyone is corrupt, but what I'm trying to
• 1:13:40
  say is DC benefits tremendously from being able to issue its own
• 1:13:46
  money. And a symptoms, a symptom of
• 1:13:52
  that power are situations like this.
• 1:13:56
  I'm going to like that. I'm going to pass it on to Opti.
• 1:13:58
  Opti, You even know this story exists.
• 1:14:00
  Yeah. Well, I you should definitely
• 1:14:04
  check out that video because it is.
• 1:14:07
  Effing bonkers, bro. Yeah, so as you guys know, I was
• 1:14:12
  on a semi vacation last week and I I, I saw kind of the fallout
• 1:14:19
  of this video over the weekend, but I was really off Twitter so
• 1:14:22
  I haven't actually watched the video, so I can't really comment
• 1:14:25
  on what the video was saying, but I did see a lot of people
• 1:14:28
  talking about it and. It, it did kind of spark a whole
• 1:14:32
  conversation. I think one of the things that I
• 1:14:35
  saw that was very interesting is people started diving into other
• 1:14:38
  states. And I think that really
• 1:14:40
  highlights the kind of general trend which we're seeing in this
• 1:14:45
  year is I really agree with the Marty Bent tweet of we are at
• 1:14:50
  the loot the treasury stage of an empire collapsing or an
• 1:14:53
  empire crumbling. And it's not just on one side.
• 1:14:57
  I would argue it's on all sides of the aisle here.
• 1:15:00
  It doesn't matter what side you are on.
• 1:15:03
  There is is a lot of corruption in the system and a lot of the
• 1:15:07
  people that are in the system are just there to continue the
• 1:15:10
  status quo. And one of the tweets that I saw
• 1:15:13
  that was very interesting. And, and now I kind of get the
• 1:15:16
  context of it. And I think I kind of got the
• 1:15:18
  context when I was reading the tweet.
• 1:15:19
  But they were making a parallel to the Roman Empire and how
• 1:15:23
  where we are right now was has a, a complete parallel to the
• 1:15:27
  very end of the Roman Empire, where it was basically being
• 1:15:31
  controlled by an oligarchy. And all the, and everything that
• 1:15:35
  they did had this rhetoric of it was for the people.
• 1:15:39
  But in reality, all they were doing is just passing laws and
• 1:15:41
  maintaining the status quo so that they can kind of fill their
• 1:15:44
  own coffers and they can get richer.
• 1:15:46
  And we saw what happened with the Roman Empire.
• 1:15:48
  Now, I'm not saying that's exactly where we are right now,
• 1:15:51
  but as the saying goes, you know, history repeats or history
• 1:15:54
  rhymes. It doesn't often repeat or I'm,
• 1:15:56
  I'm butchering that right now. But anyways, I think one of the
• 1:16:00
  general trends and themes that I've seen this year, and maybe
• 1:16:04
  it's just 'cause we're Bitcoiners and, and a lot of the
• 1:16:06
  stuff we kind of already know, whether inherently or because
• 1:16:09
  we've done the research. But what is becoming very clear
• 1:16:14
  for I think a lot of people is 1.
• 1:16:16
  You know, they're starting to lose faith in the institutions
• 1:16:18
  now from a Bitcoiners perspective, maybe from a more
• 1:16:20
  anarcho capitalist perspective, you probably lost faith in the
• 1:16:24
  institutions a long time ago and now just mainstream kind of
• 1:16:27
  catching up to it. The second thing that I believe
• 1:16:32
  a lot of people kind of go through is you look at what's
• 1:16:36
  going on, you look at the system and you kind of like point and
• 1:16:40
  sputter. You're like, it is so corrupt,
• 1:16:42
  it's failed. I think what's becoming more
• 1:16:45
  obvious to people is that maybe this was all designed this way
• 1:16:50
  from the start, or maybe not from the start, but it got
• 1:16:53
  corrupted along the way. And the system is just being,
• 1:16:56
  you know, it's just perpetuating itself.
• 1:16:58
  No, it's an architectural flaw. Yeah, you're going that far?
• 1:17:02
  Yes, it's an architectural flaw, dude.
• 1:17:05
  It this is, this is like part of the part of the tweet, like
• 1:17:08
  look, Bitcoin breaks the cycle, right?
• 1:17:11
  Like, you know, you're talking about like, like kind of like
• 1:17:15
  the early. Like the the Roman Empire, how
• 1:17:18
  like at the very end, like the elites were just like morally
• 1:17:21
  corrupt and they. Yeah, just stealing everything,
• 1:17:23
  passing laws for their own favor.
• 1:17:24
  What? What did the end of the Roman
• 1:17:26
  Empire do? What what?
• 1:17:27
  What did the Romans do? They they debased what?
• 1:17:31
  They're they're denarius, their currency.
• 1:17:33
  They debase their currency, right?
• 1:17:35
  So again, I'm making the argument what happened basically
• 1:17:40
  in Weimar, right? What did they do?
• 1:17:43
  They debase the. Currency debase the currency.
• 1:17:45
  So what I'm trying to say is that we have an opportunity
• 1:17:51
  using Bitcoin, the technology, the protocol to break the cycle,
• 1:17:55
  to finally break this never ending cycle that I think is
• 1:17:59
  part of the human condition. I think that as long as a human
• 1:18:03
  being has the ability to print money, I don't care how elite
• 1:18:07
  they are, I don't care how powerful they are.
• 1:18:10
  They are going to abuse that system to benefit themselves and
• 1:18:15
  to to not only enrich themselves, but to make sure
• 1:18:19
  that they retain power. I think Bitcoiners with
• 1:18:22
  Bitcoiners fundamentally understand is that that system,
• 1:18:27
  no one deserves that power. And if they have that power,
• 1:18:30
  they will abuse that power. So Bitcoin is a system that has
• 1:18:34
  rules without rulers. No, it doesn't matter how
• 1:18:39
  powerful you are. If you want more Bitcoin, you
• 1:18:42
  have to mine it like everybody else.
• 1:18:45
  It doesn't matter how powerful you are.
• 1:18:46
  You can't censor someone else's transaction.
• 1:18:49
  It doesn't mean how powerful you are.
• 1:18:51
  You can't see someone else's funds.
• 1:18:53
  Doesn't matter how powerful you are, you can't debase.
• 1:18:57
  Bitcoin has a cap supply, period.
• 1:19:01
  So it has a, it has rules without rulers.
• 1:19:05
  We live in a system where the rulers, as Marty Bett pointed
• 1:19:09
  out, are the people. And this is where I think the
• 1:19:13
  virality of this video, the energy was like it was misguided
• 1:19:19
  because as Marty Bett pointed out, right?
• 1:19:23
  And as, and as I pointed out as well, again, the way he said it
• 1:19:29
  was perfect. I'm going to read the parts I
• 1:19:31
  can read the regulatory clarity you seek will make it so that
• 1:19:37
  they can loot your Bitcoin. And before that, he says we're
• 1:19:39
  at the loot of the treasury stage of an, of the empire
• 1:19:42
  collapse. And people are looking for
• 1:19:44
  regulatory clarity from the people doing the looting.
• 1:19:47
  More effort should be spent exposing these peoples as
• 1:19:51
  criminals instead of trying to appease them, right?
• 1:19:54
  It's a very strong message. But if you think about it and if
• 1:19:57
  you internalize it, ladies and gentlemen.
• 1:20:01
  Ladies and gentlemen, if you do not address the root cause of
• 1:20:06
  this, the fraud, the misallocation of capital is
• 1:20:12
  going to continue to happen at an ever and ever accelerated
• 1:20:18
  pace. It has happened every single
• 1:20:21
  time throughout human history. Once you get to the end of an
• 1:20:25
  empire, that's what happens, right?
• 1:20:27
  That's what happens. The moral of decay of society,
• 1:20:30
  the debasement of the of, of the currency, it's an inevitability.
• 1:20:34
  What I'm trying to say is if we switch to a Bitcoin standard,
• 1:20:40
  the Bitcoin protocol has its rules.
• 1:20:42
  They're set in stone. They can't be changed.
• 1:20:45
  And for the first time in human history, we have the ability to
• 1:20:49
  break the effings. We have the ability to break the
• 1:20:52
  pattern that keeps on repeating itself.
• 1:20:55
  And I think it's human nature. I think it will repeat itself as
• 1:20:57
  long as people have that power. Anyways, everybody, let's get to
• 1:21:00
  the culture. We have tons to talk about.
• 1:21:01
  We're going to be right back in just a bit.
• 1:21:04
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  freedom. Dude, are we going to talk about
• 1:23:04
  that? No, no.
• 1:23:05
  I. I actually, I actually quickly
• 1:23:07
  want to talk about kind of like an observation and, and it kind
• 1:23:11
  of does connect with what we were just talking about.
• 1:23:13
  But as you guys know, I was off last week.
• 1:23:16
  It's probably the first week I've kind of really unplugged
• 1:23:20
  in, I don't know, like 3 years and.
• 1:23:26
  I, it, it kind of, it kind of opened my eyes a lot because
• 1:23:28
  obviously, as we all know, we're in a, we're like in an echo
• 1:23:31
  chamber, Bitcoin echo chamber. You know, we're all perpetually
• 1:23:34
  online, We're all perpetually on Twitter, We're all, you know,
• 1:23:37
  watching the same stuff. We're, we're all kind of In Sync
• 1:23:40
  on what's going on in the world. And for like the first week,
• 1:23:44
  really, I like pretty much almost completely unplugged.
• 1:23:48
  I did, I did kind of help out on the show a little bit, but as,
• 1:23:51
  as you can tell, you know, I, I wasn't really on Twitter and I
• 1:23:55
  was kind of avoiding on purpose. And it really kind of
• 1:23:58
  highlighted something to me where obviously my family is not
• 1:24:03
  like, you know, everyone out there.
• 1:24:05
  But I was starting to notice kind of the difference where
• 1:24:08
  like I'd pop on Twitter and it was just like doomer, black
• 1:24:12
  pill, the world falling, everything's over, you know,
• 1:24:16
  burn it all down type rhetoric. And then of course, maybe it's
• 1:24:20
  just 'cause it was like holidays, yeah, I'd hang out
• 1:24:23
  with my family and they're completely oblivious to all this
• 1:24:25
  stuff. Everyone's just trying to have a
• 1:24:27
  good time, you know, I would say things and they would just,
• 1:24:30
  like, not understand what I was saying.
• 1:24:32
  And it, it was really highlighting to me just like how
• 1:24:35
  perpetually online we are. And like you were saying, you
• 1:24:39
  know. I I saw.
• 1:24:40
  The tweet of I think it was Don Junior.
• 1:24:44
  Basically saying like someone has to go to jail and everyone's
• 1:24:47
  like, yo, bro, your dad's the president like like go talk to
• 1:24:52
  your dad bro. And you know so when you're.
• 1:24:55
  Perpetually online, you, you kind of, you kind of realize or
• 1:25:00
  you, you forget to realize, you forget the perspective of what
• 1:25:03
  the normie everyday person is seeing, what they're ingesting,
• 1:25:06
  what kind of content they're into.
• 1:25:08
  And it really just kind of shows that there is like this, you
• 1:25:12
  know, fork in the road right now.
• 1:25:14
  And and Nico and I, we were talking about this before I
• 1:25:16
  left. How like, I forget how we were
• 1:25:19
  framing it, but like the information war.
• 1:25:21
  There's like A2 tiered system here where some people know
• 1:25:24
  what's going on or think they know what's going on the other
• 1:25:27
  side just completely oblivious, are like completely clueless of
• 1:25:30
  what's happening. But another little interesting
• 1:25:33
  thing happened while I was away. I was wearing the Satoshi shirt.
• 1:25:37
  I think you guys might have saw it like at the Friday that I
• 1:25:39
  left and I was just I just wore it.
• 1:25:42
  I went to go get some lunch. I was, I was, you know, putting
• 1:25:45
  some gas in in my parents car and some random.
• 1:25:49
  Dude just yells. Like I, I, I thought he said.
• 1:25:52
  Like Nancy. Like Nancy?
• 1:25:54
  And I'm like. Like, what the hell is he
• 1:25:56
  saying? Like who's he yelling at?
• 1:25:58
  And I like, look back at him and he's like Satoshi, Like Satoshi.
• 1:26:04
  And I think that's the first. Time back home that I've had
• 1:26:07
  just like a stranger yell at me about like some Bitcoin merch
• 1:26:11
  that I was wearing and it really kind of made me think it's like
• 1:26:15
  we are so perpetually online. We're so much in the Bitcoin
• 1:26:18
  echo chamber, whether you're in like the political Twitter or
• 1:26:22
  whatever Bitcoin or just Bitcoin Twitter, We, we kind of.
• 1:26:25
  Forget like what the normies think.
• 1:26:27
  And for a while it was kind of a badge of honor where we like
• 1:26:30
  we're like, who cares what they think, bro?
• 1:26:31
  Like we're right? But what that little moment kind
• 1:26:35
  of made me think is like, look, our job or what we try to do
• 1:26:39
  here is obviously we love YouTube.
• 1:26:42
  We're trying to get Bitcoin to as many people on YouTube as
• 1:26:44
  possible. Hence watch some of you guys
• 1:26:46
  freak out on us and like, yo, just say it.
• 1:26:48
  But the goal is to get Bitcoin in front of people that would
• 1:26:51
  never see Bitcoin that are never on Bitcoin Twitter.
• 1:26:54
  And that little moment just kind of showed me it's like, oh, like
• 1:26:57
  this Bitcoin thing is spreading. Like we haven't hit a mania
• 1:27:01
  phase yet because of course, number go up.
• 1:27:03
  Hasn't it happened this year? But I think more and more people
• 1:27:07
  are starting to become a little more open to Bitcoin.
• 1:27:09
  I was talking with one of my friend's little brothers and he
• 1:27:12
  works at a very big bank. What the banks you guys know?
• 1:27:15
  So one of the big four or I guess it might be big 5.
• 1:27:19
  And like we were all talking about Bitcoin and he's like, oh,
• 1:27:23
  dude, no major bank is allowing, you know, Bitcoin to be sold to
• 1:27:26
  their customers. And I'm like, bro, it's like
• 1:27:29
  happening right as we speak. Like, what are you talking
• 1:27:31
  about? Like you should know this.
• 1:27:32
  It's like they're all selling ETFs now.
• 1:27:34
  They're all trying to do Bitcoin custody, They're trying to do
• 1:27:38
  Bitcoin back loans. And so it, it just really
• 1:27:40
  highlights the, the divide between the cutting edge
• 1:27:45
  information that we all ingest constantly.
• 1:27:48
  We're all on Twitter, we're all on YouTube, you know, this is
• 1:27:50
  what we're obsessed about and kind of what the average person
• 1:27:54
  understands about what is happening in the moment.
• 1:27:57
  And, and it really kind of highlights this idea that most
• 1:28:01
  people don't really look for new information.
• 1:28:03
  They're just kind of ingesting the, the confirmation bias to
• 1:28:08
  perpetuate the status quo of what they know.
• 1:28:11
  And that's, I think kind of the bigger picture of everything
• 1:28:14
  going on right now is like, there's people that go out there
• 1:28:17
  and research and, you know, get into the weeds and, and they
• 1:28:21
  dive into controversial topics and they really try to find the
• 1:28:25
  truth. And then there's other people
• 1:28:26
  that they're just like, look, I'm happy with what I'm doing,
• 1:28:30
  with what I'm at. I don't need to search for other
• 1:28:33
  stuff. And you know, what we try to do
• 1:28:36
  what, what, what I hope we do is not just talk to other
• 1:28:39
  Bitcoiners that already know this, that are obsessed with
• 1:28:41
  Bitcoiners that are obsessed with Bitcoin.
• 1:28:43
  But we try to do our show in such a way that if someone came
• 1:28:48
  in, then maybe they start to understand what why we do what
• 1:28:51
  we do, why we're, why we think this is the revolutionary
• 1:28:54
  technology, why we think this is going to change the world.
• 1:28:57
  And yes, as some of you guys have noticed, it does kind of
• 1:28:59
  lead us into different topics that aren't necessarily just
• 1:29:02
  Bitcoin, but I think this is how we are able to tailor this
• 1:29:05
  message moving forward so that more people do.
• 1:29:08
  Get into Bitcoin. At least that's my hope.
• 1:29:10
  Yeah, I mean, dude, and like we're going to keep and I and I
• 1:29:13
  like I'm looking at the. You're all I'll I'm, I, I was.
• 1:29:17
  Looking at I was looking at the chat that like while we were
• 1:29:20
  doing that story in the in the earlier bit and I, I kind of
• 1:29:25
  really like the reaction and like the reaction was basically
• 1:29:29
  like like some of the people that were commenting was
• 1:29:32
  basically something along the lines of like what does this
• 1:29:35
  have to do with about Bitcoin? You guys are wrong.
• 1:29:38
  Why you talking about politics like stuff like that?
• 1:29:41
  Like. We're going to continue to
• 1:29:43
  highlight this because I don't think you guys truly understand
• 1:29:47
  or appreciate. I'm not saying everybody who's
• 1:29:49
  watching, I'm sure a lot of you guys do, but the role that money
• 1:29:54
  plays in society is absolutely massive, right?
• 1:29:59
  If you have broken money, you have a broken society, full
• 1:30:02
  stop. Right.
• 1:30:04
  The more the money breaks, the more society breaks, the less
• 1:30:08
  people are able to plan into the future like everything just like
• 1:30:12
  the the the larger wealth inequality becomes, which again
• 1:30:16
  leads some more social unrest. So to think the two aren't
• 1:30:23
  related is dumb. It's stupid, right?
• 1:30:28
  And we're going to continue to highlight that because money
• 1:30:33
  itself is inherently political. Bitcoin, you could say, is
• 1:30:38
  apolitical. It's apolitical.
• 1:30:39
  It's an apolitical protocol. That's a very strong argument.
• 1:30:43
  I agree with it. However, the consequence of the
• 1:30:46
  world on a Bitcoin standard is very political, especially from
• 1:30:50
  where we are today. How society structures itself,
• 1:30:53
  how society organizes itself. But I think that you're never
• 1:30:58
  going to have politicians working for your own interests
• 1:31:03
  until we migrate. To a true.
• 1:31:06
  Bitcoin standard. Until then, you're going to see
• 1:31:10
  this level of fraud, you're going to see this level of
• 1:31:12
  disconnection. And again, we've been right way
• 1:31:16
  more often than we've been wrong, even if it takes like 9
• 1:31:20
  months for the reality to catch up.
• 1:31:22
  Right. So yeah, we're we're always
• 1:31:25
  right. We just might not be right.
• 1:31:26
  Now, so like right now, you might call us crazy and you
• 1:31:30
  might, you know, say this and this and that, but I'm telling
• 1:31:33
  you, we were the first people. We were the first.
• 1:31:35
  Now I kind of regret it. I wish Kaka and Kamala, but no,
• 1:31:42
  that that's fucked up. Ross wouldn't be freed, so.
• 1:31:53
  Brian Park. Yeah, the wrap up the show.
• 1:31:57
  But we have to bring this up like we have to bring this up,
• 1:32:00
  we have to talk about it, we have to highlight it, 'cause I
• 1:32:03
  want you guys to have a different perspective and I want
• 1:32:06
  you guys to understand how. How much of a critical role you
• 1:32:10
  guys have in this revolution, right?
• 1:32:13
  This is a peaceful revolution. It's about individuals
• 1:32:16
  reclaiming back their financial sovereignty via Bitcoin via
• 1:32:19
  taking Bitcoin into self custody.
• 1:32:22
  But if you choose not to participate, if you choose to
• 1:32:24
  sit on the on the sidelines and just be an observer and then
• 1:32:28
  tag, Oh my God, look at the fraud that just happened, bro.
• 1:32:31
  Like, this is crazy. Let's tag my representative.
• 1:32:34
  Let's tag my senator. Let's tag the attorney general.
• 1:32:37
  It's like, listen, what Opti said regarding Eric Trump.
• 1:32:46
  It's like, oh, my God, discovered.
• 1:32:49
  I can't believe there's this level of fraud.
• 1:32:51
  The speaker of the House. It's like, Oh my God, what he
• 1:32:54
  was doing was. So bad, it's like you're in
• 1:32:56
  power, you know? General's like, yes, you know,
• 1:32:58
  we've been investigating this and there's already 98 people
• 1:33:01
  that have been arrested and the FBI said the FBI guys is like
• 1:33:04
  there's much more to come and blah blah blah.
• 1:33:07
  It's like, listen, like you guys are literally fucking posting on
• 1:33:13
  social media. Like the whole like we literally
• 1:33:17
  elected you so that you would do something.
• 1:33:19
  And this year, I'm telling you. Wait, can I add to this AOJD
• 1:33:24
  Vance? I don't want to tweet.
• 1:33:25
  Go go down the hall and talk to Trump.
• 1:33:28
  What are we doing here? Yeah, like, people should be in
• 1:33:31
  prison for this. Like, it's horrible what
• 1:33:33
  happened. Still there.
• 1:33:35
  There hasn't been anything. And I I, like, I have a theory.
• 1:33:38
  It's because I I, I. Think.
• 1:33:40
  Like I think they're in on this, not Trump or JE or like.
• 1:33:46
  Even look at Opti's face, why they even bring that up?
• 1:33:48
  But I think a lot of the people in DC benefit from the money
• 1:33:56
  printer. That's really what it comes down
• 1:33:58
  to, right? So anyways, guys, we love you
• 1:34:01
  all. We're going to wrap up the show
• 1:34:02
  there. If you guys enjoyed the show,
• 1:34:03
  you know, to do smash the like button, consider subscribing.
• 1:34:05
  We're going to be back tomorrow for a brand new episode of
• 1:34:06
  simply Bitcoin Live. Take it easy.
• 1:34:08
  Bye. Today's episode was brought to
• 1:34:10
  you by bitcoinwell.com, a Bitcoin only platform on a
• 1:34:13
  mission to enable financial independence.