Latest / Simply Bitcoin / Michael Saylor ADMITS He Was Wrong About Bitcoin bear market!! | EP 1445

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Michael Saylor ADMITS He Was Wrong About Bitcoin bear market!! | EP 1445 · Simply Bitcoin

0:01
OK, everyone now agrees that we're in a Bitcoin bear market.
0:06
Well, Michael Saylor appeared on CNBC and was asked all the
0:10
questions about Bitcoin that you probably want answers to, like
0:14
how low will Bitcoin go? How long will this Bitcoin bear
0:17
market last? Let's watch this high signal
0:20
clip. It was very good.
0:24
Can I first just get your gut answer as to whether we are in
0:29
the first stages of another extended crypto winter?
0:33
We are in a crypto winter. This is the fifth major drawdown
0:37
of Bitcoin in the five years since I've been in the
0:40
marketplace. This is a much milder winter
0:43
than previous winters. It'll be shorter than previous
0:47
winters. It's going to be followed by a
0:49
spring and then a glorious summer.
0:51
So don't fear. Why do you feel so confident
0:55
saying that? The the the banking segment
1:00
sector is supporting Bitcoin much more strongly today than we
1:04
were four years ago. We've got the formation of
1:07
digital credit networks, banking credit networks.
1:10
We've got the support of the administration, we've got a
1:13
Bitcoin president, we've got 12 cabinet members that are pro
1:17
digital assets and pro innovation.
1:20
And every single month you see a new advances in the digital
1:24
asset space, which are bringing extraordinary productivity to
1:27
the economy and and a lot of capital to the asset class.
1:31
You know, you're absolutely right when it comes to the banks
1:34
who have finally started accepting and embracing it.
1:37
I mean you could go back of course to BlackRock putting not
1:40
a bank, but BlackRock, the world's largest asset manager,
1:43
finally pushing hard to get a spot Bitcoin ETF in play.
1:49
Ibid and and the rest have have done, depending on what Bitcoin
1:53
is doing up, down, all around. You know, let me shift the
1:56
discussion to the Federal Reserve.
1:58
Because President Trump has nominated Kevin Walsh to be the
2:02
next Fed chair. There is a question as to
2:05
whether he will be in a position to cut interest rates.
2:08
We know President Trump really wants him to, but the economy is
2:11
holding up at least for the moment.
2:12
So, you know, if he holds off on cutting interest rates, which
2:16
could hurt riskier investments, give me a sense of what you
2:20
expect to see in that case. You know, Bitcoin is global
2:25
digital capital. It's above my pay grade to
2:27
speculate about where the interest rates will go.
2:29
But what I'll say is there are three primary drivers of the
2:32
Bitcoin price that are all bullish.
2:35
There are those that believe that Bitcoin is a better gold
2:38
than gold because it's scarce and it's teleportable.
2:41
And so people that believe and in debasement trade or they want
2:45
a non sovereign store value will buy Bitcoin for the long term
2:48
for that reason. There are other people that
2:50
believe in the digital transformation of finance and
2:53
they think of Bitcoin as amplified big tech.
2:56
And then there's a third set of people, the one global property,
3:00
and they simply want the highest, best property in the
3:03
world that they can move to any country anytime they want.
3:06
And so bitcoins driven by all three of those dynamics,
3:10
sometimes at different on different days of the week.
3:13
And so it's it. It defies putting into a simple
3:16
bucket, but it's going to win for one of those three reasons
3:20
regardless of what the macro environment works out to.
3:23
Be truly is interesting now that I hear more than a few people
3:27
saying that to diversify their portfolios and they're not
3:30
necessarily Bitcoin believers, they are putting a little corner
3:35
of their money into cryptocurrency just so that they
3:38
are diversified. You guys have come a long way.
3:41
I guess we have in fact come a long way, but not not far enough
3:46
yet though. All right, I really want to
3:47
start with what what my boy said in the chat.
3:52
Where where'd he go? What my boy Chef Tommy said in
3:54
the chat. I thought Sailor said winter
3:57
wasn't coming back. I am old enough to remember him
4:00
saying that we were not going to have a crypto winter and now we
4:05
are at what? Potentially, I, I mean, me and
4:08
Nico have different opinions here, but potentially, but a
4:11
big, big, big potentially here have already seen the bottom.
4:16
I know Nico, I know Nico has different views, but it's funny
4:21
now and this is what I want to start the combo with Nico.
4:23
It's funny now that, you know, it's been four months of
4:26
dropping since October and now we finally all, you know, can't
4:31
agree like, yes, we are in a bear market, You know, no longer
4:34
can I cope on the show that oh, we're going to go back up.
4:37
We're not going to go that low, though.
4:39
I don't think we're going to go as low as Nico thinks we're
4:41
going to go, but, but. Who's right and who's?
4:44
Well, you are partially right. Partially.
4:48
Yeah, yeah, the your parlay still has to hit.
4:50
You're saying 3040 K dude, the second part of your parlay
4:53
hasn't hit yet. OK, man, All right.
4:56
Now you're like moving. The goal posts and this is my
4:58
job. I'm coping.
4:59
I'm coping live. Walker would just, you know, you
5:02
guys were like beating me up with a metaphoric 2 by 4 on the
5:06
show. And I called it.
5:08
I called it in October. I said, listen, we're in it.
5:11
We're headed into a bear market. You were in denial.
5:13
Walker was in denial when you guys were on the show.
5:17
I'm sticking to what I'm saying. I still think we're, we're in a,
5:20
in a bear market. I still think we got about like
5:22
5 to 6 months of this going on. And to kind of echo with what
5:26
Sailor was saying in regards to the bear market being shorter,
5:32
listen, the four year cycle is intact until it's proven
5:37
otherwise, because so far that theory has been the only theory
5:42
that has held up completely. We we topped exactly when we
5:47
were supposed to top according to the four year cycle theory.
5:50
So again, if you follow the four year cycle theory, the bottom
5:54
isn't until October of this year if that theory is is to be held
6:01
true. Now what I'm hoping for is we
6:03
have a faster capitulation. We don't have a a bounce back
6:07
because then we can capitulate a lot earlier, maybe around May if
6:12
the price just keeps dumping which in in my opinion, I think
6:16
more quicker pain the better instead of this kind of like
6:21
this extended draw down process. I still see hope in your eyes.
6:26
I still see a little sparkle in your eyes, Opti and that.
6:31
These are new glasses. That's just a reflection.
6:33
No, no, but but but. Beyond the beyond the
6:36
reflection, bro, I I see your eyeballs and there's still hope.
6:39
There's still a little sparkle. I still, I still like life, bro.
6:43
I'm not. I'm not like you.
6:44
I'm not dead inside, that's not. That's not how bear markets
6:48
work. Bear markets work when it's a
6:52
total capitulation. People just lose hope.
6:55
They lose interest. Now they have been losing
6:57
interest, which is really good. Like people?
7:00
Yeah, Yeah. Can we talk about, can we talk
7:02
about the loss of interest? We can see this.
7:04
We can. Quantify it.
7:05
They have been losing interest. That's a, a very, very good
7:08
indicator that, you know, not only are we in a bear market,
7:12
but the bear market we're already, I would say we're
7:15
already 3040, 5060% of the way through just based on the
7:20
complete lack of interest in Bitcoin and also the uncertainty
7:24
in Bitcoin, right. For the last three years, as
7:27
I've been saying for the last couple of days, it seemed like
7:30
Bitcoin was 100% sure bet. Now there's uncertainty brought
7:34
up to the market. I mean, you heard that anchor
7:36
basically grill Michael Saylor. They were rolling out the red
7:40
carpet for Michael Saylor six to seven months ago.
7:44
What he did with his company was an absolute miracle.
7:47
The stock price went from $15 a share to $500 a share.
7:52
Like what he pulled off was insane, in a good way.
7:56
Insane right and of course then the bear market started
7:59
happening and then all of a sudden it's like, hey Michael,
8:03
could you hold on like are you at risk?
8:06
You know are are you threatened? Are you are are you worried like
8:09
this is the same person that survived his company basically
8:13
going sideways for for 20 years. This is the same person that
8:17
survived the.com crash would basically bankrupted so many
8:21
companies back in the early Internet era.
8:24
This is the same person that withstood all of that.
8:27
And I never, never forget seeing Michael Saylor in the front row
8:31
of Pacific Bitcoin at the bottom, at the bottom of the
8:36
2022 bear market when he was down billions of dollars on his
8:41
initial Bitcoin investment. It isn't now it isn't it, It is.
8:45
It wasn't like it is now. We're now Bitcoin is a proven
8:49
asset. Now Bitcoin, it's proven it
8:52
could work. It shows that his stock prices,
8:54
stock price is going to appreciate because of the
8:57
Bitcoin strategy. Back then, it was just a theory.
9:00
It was an unproven theory. And I remember him just looking
9:04
at all the presentations, super serious.
9:07
And I can't even imagine the pressure that was on his
9:10
shoulders, the billions of dollars that, you know, that
9:13
that people had invested in him, you know, that he was down his
9:18
stock price. I can't, I can't even imagine
9:21
that type of pressure. But it's the same type of
9:23
pressure that all of us had to go through.
9:26
If you get into Bitcoin, we all have to pay our price of
9:30
tuition. All of us have to pay this
9:32
price. It's like it, it's like par for
9:34
the course, right? So I would say this is the most
9:37
opportune moment in, you know, Bitcoin cycles historically to
9:43
dollar cost average smash buy into Bitcoin.
9:46
And then when we eventually reach that capitulation phase,
9:50
and I don't know when that is and how low we're going to go,
9:54
you're going to be able to buy the cheapest stack ever.
9:58
And everyone's giving me shit in the chat.
9:59
Keep giving me shit, ladies and gentlemen, keep giving me shit
10:03
in the chat. Give me as much shit as you
10:05
want. I've been right since October.
10:07
So I'm sticking to my guns. I'm sticking to my beliefs.
10:10
If you guys want pure opium injected into your veins, you
10:14
got to talk to your boy Opti because he'll tell you the price
10:17
is going to 500 K tomorrow every single day.
10:19
It's a non zero chance. No, I'm trolling.
10:26
I'm trolling. I'm actually kind of trolling.
10:27
All right, all right, You heard Nico's.
10:29
You heard Nico's bear case, which is.
10:31
It's not a bear case. It's not a bear case, all right?
10:34
I mean, I'm, I'm actually, I'm actually going to agree with
10:36
you. I just, I think since we started
10:40
having this argument live on air, I, I think we have been
10:46
really debating semantics about what the four year cycle is
10:49
because you keep saying that four year cycle isn't broken.
10:51
And I get it. We did drop at the, you know,
10:54
the, the 18 month period after the halving.
10:57
I totally agree. I totally agree.
10:58
Hold on, hold on, hold on. It's not like it's not just
11:02
saying, OK Nico, I have a theory.
11:06
Nico has a theory. The four year cycle isn't over,
11:09
brother. The four year cycle has not been
11:11
broken. Well, that's the whole thing.
11:14
What's it like? I get it the time frame, but
11:16
every other factor for the four year cycle has been.
11:18
Broken. No, no, only the indicators.
11:21
None of the indicators hit. And the reason none of the
11:24
indicators hit was because we never entered into a euphoria
11:27
phase. That's the only thing that was
11:29
that was caught people off guard.
11:32
But in terms of the timing, the four year cycle is completely
11:36
intact. It hasn't been broken yet.
11:38
I I agree with that. I I agree with the timing
11:40
aspect, but every other thing that we can attribute attribute
11:43
to the four year cycle that was all time high before the havoc
11:47
that happened. No 3 green, 1 red.
11:49
Yeah, no, but no, but OK. So, OK, all right, let's let's
11:53
get into the details of those claims, right?
11:56
And, and I'm, I'm, I'm bringing this up so I can, I can, I can
11:59
play devil's advocate. All time.
12:00
No, it's great. It's it's great lively
12:02
discussion. OK, So OK, all time high before
12:05
the havoc, why did that happen? That happened because of the ETF
12:08
got approved. What was the second thing that
12:10
you said? No 3 green, 1 red.
12:12
No 3 green one red the the the meme, right?
12:15
The reason that meme didn't play out, it did play out technically
12:20
because we did make an all time. Who's?
12:22
Coping now we did make an all time high in the third year
12:26
after the halving. So we did make an all time high
12:29
in 2025. We just finished the year red.
12:34
So it's not a beam broke. But we still made an all time.
12:36
High, but the mean broke we made.
12:38
An all time high previous to the year before, right?
12:42
So yes, like, OK, some variables change, some characteristics
12:45
change. Without a shadow of a doubt,
12:47
you're 100% right there. But the overall thesis of the
12:50
four year cycle is completely intact.
12:53
It's bro. It's more intact than all the
12:56
other things, bro. The plan the what is it?
12:59
The, the, the Plan B thing. What is the thing?
13:02
The the stock. To flow.
13:04
And he's still helping on the timeline harder than I am.
13:06
Dude stock to flow dude. Like that shit's crazy bro.
13:09
Then that he has like 1,000,000 of followers and all that stuff.
13:12
He makes videos, people watch the videos and stuff like that.
13:15
That theory is broken. Then the power law theory is
13:20
like the new theory, right? That power law thing didn't play
13:24
out at all because according to the and again like they move,
13:27
they move the kind of expectations and stuff.
13:30
It's like, Oh no, but the power law only defines the bottom.
13:34
It actually doesn't define the top and the power law actually
13:37
doesn't guarantee that there is going to be a top.
13:39
Then it's like, then what? What is the point of using the
13:43
power law if it doesn't do anything then, right.
13:46
The only like the only model that has stuck out, like the
13:50
only law that has hasn't been broken yet, which I'm going by
13:55
has been the four year cycle theory.
13:58
It it's played out perfectly. It's played out perfectly, which
14:03
again, until it gets broken, I'm going to assume that we're still
14:08
playing out the regular four year cycle.
14:10
And I even see it in the rumble chat, bro, Like check this out
14:14
C-Suite in the rumble chats. Like I'm still in denial, Nico.
14:17
Like, yeah, no shit, my man. The capitulation happens when
14:23
there's when everyone loses hope, right?
14:26
When everyone is like, listen, like this Bitcoin thing's not
14:30
working. Only then when people feel
14:35
maximum pain, little to no hope is when we have reached the
14:42
bottom. When there's absolutely no
14:44
interest is when we reach a bottom.
14:47
It we don't reach the bottom before then, right?
14:50
That's how bottoms work, right? And then to add to what Michael
14:54
Saylor was saying, finally, bro, welcome to the club.
14:57
Yes, Crypto winter is here. And it's interesting because I
15:02
also called this out. I'm taking credit for it.
15:05
I called this out. I said when the when the
15:09
strategy CEO, I don't know how to how do you say his name Fong?
15:12
Thing is Fong Lee. Fong Lee OK, so shout out Fong
15:15
Lee. So when he went on, I think it
15:17
was what the What Bitcoin did podcast.
15:21
I told you guys, I was like very clear.
15:24
He said crypto winter on that podcast and then he said we are
15:29
accumulating a $2 billion cash position.
15:33
Why do you think they're accumulating that $2 billion
15:35
cash position? Right.
15:38
If, if according again, love sailor, love what he's done for
15:42
the industry. I think it's think it's great.
15:44
I'm I'm a fan of strategy. I can't wait to buy $50
15:47
strategy, but I don't. Think that's gonna happen bro?
15:52
Yeah, dude, that's what everyone says.
15:53
Every bear mark, every single time.
15:55
I've seen seen this play out so many times.
15:57
Anyways, so this is the first Bitcoin treasury bear market
16:03
though. This time, hashtag this time is
16:06
different. This time wasn't fucking
16:08
different everyone. OK, so I remember when he went
16:13
on the podcast, he's like, we're preparing for a crypto winter.
16:16
Then it took one or two months later for Sailor to finally say
16:20
we are in a crypto winter and then don't pay attention to what
16:24
they say, pay attention to what they do.
16:25
What did Strategy do? Strategy accumulated a $2
16:31
billion cash position. If they were bullish about the
16:35
short term price appreciation of Bitcoin, why would they sit on
16:39
cash? Sailor has been on a holy
16:42
crusade for the last five years telling you all the evils and
16:48
all the shortcomings of Fiat currency.
16:51
What is what is his famous line? We even have it in the Bitcoin
16:54
button thing or whatever. People that price their wealth
17:00
in Fiat, we call them poor. Well, they have a $2 billion
17:05
Fiat cash position and I wouldn't call strategy or Sailor
17:10
poor. They're just preparing
17:12
themselves for a potential Bitcoin dip, which again, I'm
17:17
that that I, I, I'm I. The four year cycle's intact
17:21
until it's not intact. But that was an incredible
17:23
interview and shout out to the anchor.
17:26
I think she did a great job, very good.
17:28
Question. Yeah, yeah.
17:29
And very good question. And and I think, look, obviously
17:34
you're still saying, you know, dip till October.
17:39
I'm not. I'm not saying I'm not.
17:41
I can't. That's kind of what you said,
17:42
no? But listen, I can't read the.
17:44
I can't read. Into the I.
17:47
Can't read into the future I no one can and no one can tell you
17:51
what the bottom is. What I can tell you is that if
17:55
Bitcoin continues to follow its four year cycles since it has
18:00
since it the birth of Bitcoin, then the bottom is going to be
18:04
around October. If Bitcoin breaks the four year
18:09
cycle, which is totally a probability, or if we just like
18:13
market dump completely, we might bottom out faster than that.
18:21
You never know. You can't listen anyone who's
18:24
telling you they have a price prediction of Bitcoin or
18:28
bitcoins going to be at a certain price by this day or
18:30
this month, they're completely wrong.
18:33
But I can tell you like I can't tell you like the overall
18:37
feeling in the all your overall vibes and the overall feeling,
18:40
the overall vibes is the fact that it's undeniable that
18:44
Bitcoin is in a bear market, right?
18:46
And even the Chad Sailor himself is saying, not only we, we in a
18:51
bear market dog, we're accumulating cash because we're
18:54
in a bear market, right? Well, well, that's not what
18:58
they're doing. That's what they did.
19:00
They they got a cash position so that they can pay out and ride
19:04
out the the bear market, but they're acquiring Bitcoin now.
19:07
OK, they're acquiring Bitcoin, but why it's?
19:09
Just want to move. It's so that if there is a
19:11
prolonged bear market, they can still pay, you know, their
19:13
dividends. OK, it proved my point.
19:17
I didn't, you didn't say that though.
19:19
I know what your point is, but you said that they're
19:21
accumulating cash. They got a chunk of cash.
19:24
So if there is a prolonged bear market, it is, I mean we're
19:28
agreeing it is preparation, but they're not accumulating dollars
19:32
is all I'm saying. All I know, all I know right now
19:36
is that if Kamala, if cackling Kamala was in office, we'd be at
19:42
500 K by now. We we we.
19:45
Some of us would be in jail, but at least we'd be at 500K per.
19:48
Per Hey, I'd be in in the gulags, but I'd be rich.
19:51
But at least at least the code would be at. 500K All right,
19:55
Nico, let let's let's see if there's any agreement here.
20:00
Not at all. Well, we don't zero chance, no,
20:03
no. But we there, there is some
20:06
agreement here between you and I.
20:09
Do you think that the institutions coming into Bitcoin
20:13
have fundamentally changed, not necessarily the price action,
20:18
but but the the Bitcoin environment 100%.
20:21
OK, OK, OK. No, no, hold on, hold on, let me
20:24
go. You've been ranting for 15
20:26
minutes. All right.
20:27
So the reason I am more aligned with Sailor here and I do kind
20:33
of agree that this bear market is most likely going to be
20:36
shorter. It's based on that pretext that
20:39
because the institutions are here fundamentally things are
20:42
changing. Now going further on this in
20:45
traditional and Tradfi usually bear markets are around like
20:49
four months. So This is why I keep saying I
20:51
don't think we're going to be going that much lower and going,
20:55
you know, completely sideways till October.
20:58
I'm more leaning into what you're saying.
21:00
We're like we get a a sharper bottom and then it's a quicker
21:04
bear market, which I don't know, I'm not, I'm not really reading
21:08
into sailor's mind. But again, we are at the four
21:12
month mark here for this bear market.
21:14
If if you're pricing it in dollars, we're at the 14th month
21:17
if you're pricing it in in gold. And so again, with that in mind
21:21
that since the institutions are coming in here, we know they're
21:24
accumulating, we know they're manipulating the price.
21:26
We know they want a better price in Bitcoin.
21:29
And usually, you know, trad 5 bear markets are roughly around
21:32
4 months. You could make a pretty good
21:35
case that, hey, they're driving this price here and we might not
21:39
be in a bear market till October.
21:40
That's all I'm saying, Nico, that is all I'm saying.
21:42
So I'm on. I'm on Team Sailor for.
21:45
Once the capitulation, OK, And every single time, every single
21:51
Bitcoin bear market, there's always a capitulation.
21:55
It always happens. It always happens.
21:58
It never fails. Could have been sexy cat.
22:02
No, there wasn't enough pain. Bro, dude, look at look at the
22:06
chat, look at you coping. Look at you personally.
22:09
You're feeling good. I'm not going to say cope
22:11
because you're not really coping.
22:12
You're explaining it, but the chat is cooked.
22:17
Attitudes are cooked. Literally there isn't.
22:19
There is no one searching for Bitcoin content.
22:23
I think it's pretty cooked. It's not enough dude, bro, it
22:26
it, it just like when you think things can get you can't get
22:30
worse, they will get worse. Like that's, that's how, that's
22:34
how these bear markets work. No, but I I am saying I think it
22:37
can get worse. I just don't think it will.
22:41
So I'm not, I'm not, I'm not actually coping.
22:42
You said on October, Listen, I that's true.
22:46
I think, I think, you know, I think we, we, we go sideways for
22:49
a little bit. We kind of chop.
22:51
I, I will tell you that time is on our side, right?
22:54
So like the longer we chop at these prices and if we kind of
22:58
maintain these prices for a, for, for a foreseeable amount of
23:02
time, great, then we're, we're Gucci, we're golden, right.
23:07
However, if, you know, if we don't, if we drop into the
23:13
summer, which is my base expectation, you know, I think
23:18
that there's a, there's a, there's a high probability that
23:20
we kind of bottom out. And by the way, if we do bottom
23:24
out and I and I, and I'm telling you these numbers of like, you
23:27
know, low 50, mid 40s, maybe high 30s, if we do bottom out at
23:34
those levels, I'm telling you right now, we're not going to
23:38
stay there very long. Like we're going to stay there
23:41
for a very short amount of time. And it's going to be a one in a
23:44
generational entry. That's all I'm telling you,
23:47
right? Because realistically speaking,
23:50
guys, we are at, we are lower than the all time high of 2021.
23:57
So the 2021 all time high was at $69,000.
24:01
That was four years ago. That's like an entire high
24:04
school experience, right? And we're, we are like $2000
24:10
lower than that previous all time high.
24:13
So we're not going to spend a lot of time in these areas even
24:19
at $67,000. Like if you're thinking about
24:22
trying to get into Bitcoin, this is an amazing entry point.
24:26
You're going to be looking back at this entry .2 to two to three
24:30
to four years from now and you're going to think you're a
24:33
genius, right? Even if you don't get that
24:36
$50,000 entry, that $45,000 entry, you're still going to be
24:40
very happy with this entry point, right?
24:43
The name of the game right now is survival.
24:47
This is where everybody, all the tourists, they leave, everyone
24:51
gets bored. Sailor becomes a villain, right?
24:54
You become a villain in your family if you, if you
24:57
incentivize your family to buy Bitcoin at these levels or or
25:01
near the top and like whatever, this is where you earn your
25:05
strikes. This is where legends are
25:07
forged. This is where you know, your
25:10
conviction really, really gets tested, right?
25:14
And this is where you got to ask yourself like, why am I in
25:17
Bitcoin? Why am I in Bitcoin?
25:18
Am I in Bitcoin to get rich? Or am I in Bitcoin because I, I
25:22
want what's better for my, for my family's future.
25:26
I want the world to improve. Why are you in Bitcoin?
25:28
That's a, that's a, that's a question you got to ask yourself
25:31
personally. You got to look deep within you
25:34
and you got to say, why am I here?
25:36
That is what's going to get you through these tough times, that
25:40
conviction, that belief, right? That is what's going to get you
25:44
through these. And by the way, these bear
25:46
markets, I'm going to tell you guys right now, and no
25:49
disrespect to class of 2021 or class of 2024 or whatever, these
25:55
bear markets are nothing compared to the 28, bro 2018.
26:01
That was like, bro, that was like trench warfare, man.
26:05
That was horrible. Like talk, you want to know?
26:08
What 80? 80% drawdown feels like bro, it
26:13
was it was horrible like your your soul.
26:16
It was it was you were looking at they they had this app, they
26:20
had this app at the time it was like called like block folio or
26:23
something and. You remember and you and.
26:26
You would look at block folio and you'd be like, Oh my God,
26:29
like this is this is depressed. Like this is straight up
26:31
depressing, right? It's literally like it's all
26:35
gone. It's all gone.
26:37
But you look back on those times and you're like, holy shit.
26:40
Like that was literally if I had cash, if I had more conviction
26:45
during those times, I would have a lot more Bitcoin today, right?
26:50
So right now, these times where you're tried, you're tested,
26:55
they're beating up Sailor on TV. Perhaps your family members are
26:59
beating you up. You're getting those messages
27:01
like, are you OK? Like have you been getting
27:03
getting those messages? I haven't been getting enough of
27:05
those messages. Yeah, my dad sent me one when it
27:08
cracked to 61. He's like, I hope you're doing
27:11
good, and then it'll get better. I'm like, I'm not even
27:14
responding to this. You got one right, but it's
27:16
usually when you start getting when it starts getting flooded.
27:19
When do those? Messages, actually I got a
27:21
couple I, I, I got basically a good majority of the people that
27:26
I that know I'm a bitcoiner and got a little Bitcoin.
27:28
They all hit me like, yo, what's going on?
27:29
So. We might have bottomed already,
27:34
no one knows what the absolute bottom is.
27:36
But again, there will be signs, there will be symptoms, right?
27:39
There will be CI. Think you're the perfect bottom
27:42
indicator. What?
27:44
How could you say that if I'm no.
27:46
Man I'm just trolling you bro. I I'm rage baiting you, I'm rage
27:49
baiting. You, I don't see, I don't see
27:52
the capitulation signs yet. I don't see the capitulation.
27:55
I'll be the first one to tell you.
27:56
The capitulation signs, I'll be like, OK, this, this.
28:01
Feeling. Oh no, I had the combo we had
28:03
behind the scenes about simply in general sound like some
28:06
capitulation to me. What are you talking about?
28:11
That was all right anyways, anyways.
28:14
Anyways, if you guys are enjoying the show so far, make
28:16
sure to smash that like button. People are saying bottom in the
28:19
chat. Actually we should ask the chat.
28:21
We should just make this a a public question.
28:23
Bottom is in boys. We should.
28:26
See chat agrees you're the perfect bottom indicator.
28:31
Thought it was a Mcrib. Nico capitulated.
28:34
I don't capitulate, dude. I don't sell any Bitcoin.
28:36
Are you pretty? What's a bag of Huggies costing
28:39
and Bitcoin? St.
28:40
Nico? Oh, I like it.
28:41
I got a nice. I got a nice message.
28:43
Opti, look at that. Look at that.
28:46
That guy's wrong. You guys didn't experience the
28:49
Long Bear of 2024-2025? You're right.
28:52
You're you're Dude, listen bro, I'm gonna give you a shout out.
28:55
Skip down the road if you did that, shout out to you because
28:58
that was brutal. Yeah, that's true.
29:00
That's true. That wasn't that.
29:01
True, 2018-2019 was child's play compared to that bear market.
29:06
Well, we get it, Nico. You suffered PTSD, Nico.
29:10
Yeah, 100% PTSD. Listen, you, you go crazy during
29:16
these things. You you lose a part of yourself.
29:19
Right. I I literally see it happen
29:21
every single day you lose. A part of yourself, you lose a
29:23
part of yourself going through these bear markets like they're
29:26
not fun anyways, Bitcoin or slavery.
29:31
Nico, I love that chats, chats because we are all regarded in
29:35
the chat, the boogeyman. My family is too dumb to
29:40
understand where it's going. It's funny trip from the price
29:45
drop, Nico saying bottom is 34. I don't know what the bottom is
29:48
dude. I have no idea.
29:50
But just kind of rule of thumb, $126,000, what's 70% off of
29:57
that? It's like 35 or something like.
30:02
That what's 70% correction of 126 K, so 100, so 70%
30:14
correction. So every cycle guys.
30:16
So at $37,800, that's why I'm getting to that.
30:19
That's literally where I'm getting the number from.
30:21
Wait. What'd you say, 37?
30:22
3737 thousand $800.00 So every, every correction gets smaller.
30:28
This is true. So we, we, we don't, we've
30:32
hopefully, hopefully we've gone past the 80% corrections and
30:37
every single correction gets slightly better than the
30:40
previous one. So it was 80, then it was 77,
30:43
then it was 74. But your base case should always
30:47
be at least a 70% correction, and from 126 to a 7070 percent,
30:53
70% correction would put us at $37,800.
30:57
If we do hit that price point, it will be for less than a day,
31:03
maximum a week, and then we're back up.
31:07
It won't stay there very long because at that point, Bitcoin
31:11
is massively undervalued. Bitcoin's not worth $37,800.
31:16
It's worth significantly more than that.
31:18
But again, that this is this is what these bear markets are all
31:21
about. And then also, I haven't seen
31:24
some of these treasury companies capitulate.
31:28
Now, I'm not talking about strategy and I'm not talking
31:30
about 21 and I'm not talking about Nakamoto, even though.
31:35
Their stock, I mean we saw two sell some.
31:37
Even though their stock Rd. did get hammered a little bit.
31:42
No comment, but maybe just people bought at the wrong time,
31:49
you know, I don't know. But I, I, I don't think the big
31:52
ones like Nakamoto or, or, or 21 or strategy are going anywhere
31:59
but the, some of the smaller treasury companies, you know,
32:04
see, see someone's in the chat. The 40s, yes, 30s, no.
32:06
The WIC will be quick. IA 100% agree.
32:08
The Wic's going to be super quick.
32:09
We're not going to spend that much time.
32:11
If it does go to the 40s or 30s. We're not spending a lot of time
32:16
there. But I, I haven't seen a
32:21
capitulation because every single Bitcoin bear market,
32:25
there's a sacrifice. There's a sacrifice.
32:29
You know there's a sacrifice bro.
32:32
The last one was was the Celsius FTX and all that bullshit right?
32:36
So what we got to sacrifice Bitcoin treasure?
32:39
I never, I, we don't have to sacrifice anything, but there's
32:42
always, I'm saying it as like like to be hyperbolic to create
32:47
a so that people could visualize what I'm saying.
32:50
But there's always a like a major Bitcoin company or some
32:54
type of institution. It just blows up.
32:57
It happens every time. That hasn't happened yet.
32:59
Well, there is the rumors that it could have been some hedge
33:02
fund, Hong Kong hedge fund. Yeah, but, but it's not public,
33:05
dude. It's, it's always public.
33:06
It's always dramatic. It was pretty public in the
33:09
market. It's always dramatic.
33:10
It's always public. Like it's, it's like a, it's
33:13
like a spectacular blow up. You know, that's what always
33:17
happens every single time. I don't think this time's
33:19
different. Jake Fever says people watching
33:24
this is selling 40K is a silly take.
33:27
It's going back up, dude. Listen.
33:29
Dude, don't sell your Bitcoin. Don't sell your Bitcoin.
33:31
I'm not selling my Bitcoin. Hell no.
33:33
I hold. I've literally been.
33:35
I've been buying the peaks. Wait, wait.
33:36
We don't hold, Remember. Sorry.
33:38
Sorry. Why is it doing that to me
33:43
again? I don't know.
33:45
We, we misspoke. We we don't own Bitcoin.
33:48
Yeah, if I, if I, if I. If I did, I would be.
33:51
Mine, I did own Bitcoin. I've been buying the I've been
33:54
buying the peaks and I've been buying the bottoms and I've been
33:58
out of dollars and I've been holding through this entire time
34:03
as a Bitcoiner. Don't overthink it.
34:05
Stack hard. That's it.
34:06
All right, everybody, we're going to move on to the next
34:08
segment of the show. You guys are going to want to
34:09
stay tuned in. We got a lot of stuff for you
34:11
guys today. And the CEO of Goldman Sachs,
34:15
one of the most elite banks in the United States, saying, hey,
34:19
listen, I'm I'm seeing some, some sovereign wealth funds
34:22
buying Bitcoin. He was also at the world.
34:25
Was it world liberty? World.
34:29
Liberty Finance Forum, the forum that was organized by the Trump
34:32
fam, you had the sea of Goldman there.
34:34
You had CZ there like they're they're calling for a minute,
34:37
like come on now, guys, connect the dots, right?
34:41
Connect the take advantage of the of.
34:43
The and you still think it's going lower.
34:45
Bro, it could be, it could be, it could be going lower.
34:48
Dude, it's Bitcoin until the four year cycle breaks.
34:51
I'm a big believer. Anyways, we're going to be right
34:53
back in just a bit. Today's episode is brought to
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Right, ladies and gentlemen, we are back.
37:07
At the time of recording, the Bitcoin price is $67,550.
37:12
That's per dollar 1480 block height 937,567 realized monetary
37:19
inflation .83% market cap 1.35 trillion Bitcoin versus gold
37:25
market cap 4.51% percentage issued 95.2% decline from all
37:31
time high. Currently sitting at a -46.4%.
37:37
So you're getting a 46% discount if you're buying Bitcoin at the
37:41
moment. Anyways, I do want to show you
37:43
guys this video again, the CEO of Goldman Sachs at the World
37:49
Liberty Forum, What's he doing there?
37:51
What's he doing there? What's CEO of one of the world's
37:54
most largest prestigious banks doing at a Bitcoin slash crypto
38:00
related events? Interesting question.
38:03
Let's check out the clip, then we'll talk about it.
38:06
Do you does? Goldman Sachs buy Bitcoin Like
38:09
do you buy the ETFs? Do you have that in the trading?
38:12
Portal, until 10 minutes ago, the regulatory structure, it was
38:16
extremely prohibitive, prohibitive on what we could do
38:19
as principal. That regulatory structure is
38:21
evolving. But when you talk about crypto
38:23
assets specifically, we've been very limited now up until very
38:28
recently as to what we can do. The center of how we think about
38:31
this is we have clients, our clients have needs.
38:33
We're here to serve our clients. We're not here to act as a
38:36
principal in making decisions around this.
38:38
We're here to be an infrastructure provider and
38:41
liquidity provider, client service provider to our clients
38:44
and all these activities. So that was a very, very
38:49
interesting answer. So he didn't give the second
38:53
answer first. He gave the first answer, the
38:56
first part of that answer. He gave it right off the RIP.
39:00
And he also knew the date. He also knew when that changed.
39:04
But he said something very important.
39:06
He said we were prohibited from a regulatory perspective in
39:11
order to buy Bitcoin and that only changed up until recently.
39:17
Now I want you guys to connect the dots.
39:20
Connect the dots with what Michael Saylor was saying in the
39:24
first intro sentence. What did he say about the banks?
39:27
OPDE? That's why he's.
39:28
Bullish What? Who is this?
39:32
The CEO of one of the world's largest what?
39:35
Bank. There we go.
39:37
Bingo. So now the second part of his
39:40
answer was very political. It was like, you know, I, I, I
39:44
gave, I've, I've given you the, the hat tip and the wink, right.
39:50
But at the same time, you know, he was like actually, you know,
39:56
we're just here to service our clients.
39:58
We're just here to, you know, provide the infrastructure so
40:01
that if our clients do want exposure to Bitcoin, do want
40:05
exposure to digital assets, we're able to provide that for
40:08
them. Me.
40:09
Look, guys, keep this in mind, OK?
40:12
Because I know a lot of you guys are like Nico, like, holy shit.
40:14
Like why doesn't the price go up?
40:15
This is boring, this is good. Whatever guys, if you were
40:18
around in 2018-2019. We were literally called
40:23
criminals, OK, Like we were called criminals.
40:27
Now you have the CEO of one of the world's most elite,
40:31
prestigious banks basically saying.
40:33
Well, both of them. And and including including
40:37
Daddy Fink, right? Well.
40:39
No, I was saying I was, I was going to mention Jamie Dimon.
40:41
And including Jamie Dimon, right now, you even have the CEO of
40:45
the largest bank and then the CEO of the chairman of, of the
40:47
world's largest asset manager literally going out and not only
40:53
not criticizing Bitcoin, but going out there and saying,
40:57
we're actually providing that for our clients because that's
41:00
what our clients want. And then that answer by the CEO
41:04
of Goldman was basically like, he could have, he could have
41:08
answered that question with the first with the second part.
41:11
He could have started off with the second part and said, like,
41:13
listen, to be honest with you, like we just want to service our
41:17
clients. If our, if our clients want to
41:19
buy that, we'll facilitate that. But that's not something that we
41:21
do. He didn't start with that.
41:23
He started with we were constrained by regulations, so
41:28
we weren't able to do that, but now we can.
41:32
Things have just changed. That's what he said.
41:35
That's the signal from that clip.
41:37
What is also the signal from the clip?
41:39
What incentive does the CEO of Goldman Sachs has have to go to
41:46
one of these Bitcoin slash digital asset events?
41:52
If he had, if he didn't feel like he had the necessity to do
41:57
that as the CEO of that bank, he wouldn't be there.
42:02
He's there for an obvious reason.
42:05
He's there because he's interested in the industry.
42:07
He's there for the same reason that C ZS there.
42:10
He's there for the same reason that the Trump's were there.
42:14
They're all there for the same reason.
42:17
So I do agree with Saylor, this is incredibly bullish long term
42:22
from a price perspective. And like if you take a look at
42:25
some of the commentary that's happening on Twitter, I wouldn't
42:28
be surprised if a lot of these banks are the ones who are
42:32
actually responsible for some of this, some of this downward sell
42:36
pressure that we're experiencing so that they could accumulate
42:40
cheaper Bitcoin. I wouldn't be surprised if that
42:42
was the case. But as I've been saying for the
42:45
last week or two weeks or three weeks, whatever it's been, I
42:51
would not be surprised in the slightest if the Trump
42:55
administration goes and publicly declares that the United States
43:00
of America, the United States government, has been actively
43:04
purchasing Bitcoin. I wouldn't be surprised if that
43:07
announcement happened next week or the week after or six months
43:12
from now. I would not be surprised.
43:14
And the reason I'm saying that is no one is better than their
43:18
incentives. His family is literally up to
43:22
the eyeballs in terms of being involved in the industry.
43:26
Baron is fat fingering counter training every single one of his
43:31
dad's true social post. That's a joke, but probably
43:34
true, probably facts, probably true.
43:36
So like, you know, like at the end of the day, do you think
43:41
Trump doesn't want the Bitcoin price to reach 500K under his
43:45
administration? He, he himself and his family
43:50
would get filthy rich if that were to happen, right?
43:54
So yeah, like that's the signal guys.
43:58
The CEO of Goldman Sachs, one of the most conservative wealth
44:02
management banks in on planet Earth, is literally at a digital
44:07
asset that's conference with the Trump family while CZ is there.
44:12
That's the signal. You don't have to read in
44:15
between the lines to put the put the pieces together, put the
44:19
dots together. Anyways, that's my bit.
44:22
Opti, what's your take? And then we'll move on.
44:24
Yeah, No, I I agree with with pretty much everything you said.
44:29
The other interesting thing that David Solomon said again, you
44:32
know, CEO of Goldman Sachs, one of the biggest banks in America,
44:35
He also on in that conversation said that he owns a little bit
44:40
of Bitcoin. You know, he said very little
44:42
Bitcoin, which depending on who you are could be much more than
44:47
a lot of people. Maybe very little to him is, you
44:50
know, couple 100 bucks, couple 1000 bucks, maybe hundreds of
44:53
thousands of dollars. And you know, we don't know what
44:56
very little actually means. But he did caveat that with
44:59
saying I am watching it very closely now.
45:02
The clip that Nico just played, I think it's also super
45:06
interesting for all the reasons that that Nico said, but kind of
45:10
putting it another way, he pretty much just admitted that
45:13
he had to bend the knee to the free market.
45:16
He had to bend the knee to what his clients wanted.
45:18
And the clients are saying they want Bitcoin.
45:20
And this has been the theory for when institutions come into
45:23
Bitcoin, that eventually it's not going to be the sorry, the
45:27
institutions that are quote adopting Bitcoin or they're the
45:31
ones that have the fervor for Bitcoin.
45:33
It's going to come from the pressure of the clients.
45:35
He literally just said that on stage at the World Liberty
45:38
Finance Forum. So it is, it is everything is
45:41
kind of like the Dang what's what's what's the bad guy from,
45:47
from Star Wars? Darth Vader.
45:49
No, no, the his boss, his Palpatine.
45:52
Yeah. It's like the Palpatine meme.
45:54
You're like, good. Everything is happening exactly
45:56
as planned. It's just taking a little longer
45:59
than we all probably expected. And I don't know, I, like me and
46:04
Nico could probably rehash the whole conversation we had at the
46:07
beginning of the show, 'cause I watched it.
46:09
I'm like, bro, he's basically saying like we were just able to
46:14
get into Bitcoin, hence when we were able to get into Bitcoin,
46:17
want to get a good discount and then they're going to RIP it.
46:19
They're going to RIP it 100% bro listen.
46:22
RIP it and dip it. I'm, I'm super confident that
46:26
this is gonna happen. It's just a question of when
46:28
will this happen? Is is Trump gonna wait out his
46:31
presidency? And then the first, the last
46:33
month of his? Presidency, he's like.
46:35
Hey guys, we bought we bought a. 1,000,000 coins.
46:39
I don't know. You never know.
46:41
Anyways, guys, you guys are going to want to stick around.
46:43
We still have an incredible show lined up for you guys.
46:45
We have an update regarding the Clarity Act Brian Armstrong has
46:49
declared war. He's taking the gloves off.
46:53
He's not waiting for the Clarity Act to pass.
46:57
This is this is an escalation to say the least.
47:00
So anyways, we have an update for you guys there.
47:02
We're going to be right back in just a little bit.
47:04
Also, we're going to be giving away a bit key hardware wallet
47:08
on today's show. So you guys are going to want to
47:11
stay tuned. I want to give a shout out to
47:14
our partner. Let in the.
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47:19
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special shout out to our bit key giveaway today.
50:14
Wait. Wait, let's, let's give him a
50:15
little time. Let's do the news and then we'll
50:16
do it in the culture. No, let's do it.
50:18
Right now, OK. So I do want to give a shout out
50:22
to the bit key giveaway. It's pretty simple guys.
50:26
I'm going to put it in the chat, be quick about it.
50:30
It is Friday Opti and I are tired, but basically go to I
50:35
just put it in the chat go to simply Bitcoin it's the pin
50:39
tweet all you gotta do is subscribe to the to the simply
50:43
Bitcoin YouTube channel follow the bit key account follow
50:46
simply Bitcoin account repost and the winner will be randomly
50:50
selected on simply Bitcoin this Friday so I'm literally.
50:53
Today. Today.
50:54
Yeah, so today, so I'm literally just going to scroll randomly
50:59
and wherever my cursor fall, there we go.
51:02
Congratulations, object Moon. We're gonna follow you back and
51:08
the second winner is gonna be right beneath Ronan Satoshi.
51:13
So we're gonna follow you guys back.
51:15
We're gonna message you guys and not do that in in public.
51:20
But yeah. So congratulations, you guys
51:23
have won a Bitkey and yeah, just we followed you guys on Twitter,
51:29
so just send us Adm and yeah, we can go from there.
51:34
Anywho, let's get back to the news, the big breaking news for
51:38
today. Congratulations to the winners,
51:40
by the way. So why can't Nico take care of
51:46
the baby? Can we get Sophie back?
51:49
Sophie's busy with a baby boy. Baby girl actually, not baby
51:53
boy. Anywho, back to this.
52:00
So congratulations to the big key winners again.
52:05
Just send us Adm. We followed you guys on, we
52:08
followed you guys on Twitter so you could send us Adm.
52:11
We'll send you guys a special promo code and you, you've won
52:15
yourself a big key hardware wallet.
52:17
So congratulations. Congratulations.
52:20
Anyhow, back to the news. So shit's hit the fan with this,
52:28
with the Clarity Act Remember I told you guys it was up 90%?
52:32
It's down. It went all the way down to 63%.
52:35
Now it's at 70 percent, 69%. That's funny.
52:39
And the reason for that is the banks don't want to budget and
52:45
Coinbase doesn't want to budget. And Coinbase actually just
52:49
escalated this and I'll explain to you why.
52:52
So first, the White House is pushing banks to agree to stable
52:56
coin rewards and advance the crypto market structure Bill by
53:00
March 1st. So I I kept telling you guys
53:04
when they say stablecoins rewards, the reason that banks
53:08
are so threatened by this is because essentially the rewards
53:11
function as interest. Problem is that if you're a
53:16
bank, you're not offering interest to your clients right
53:19
now. You're actually charging them a
53:22
monthly maintenance fee. So if you have a, a, an account
53:26
with Chase or Bank of America, Wells Fargo, any of the large
53:30
retail banks in the United States, you get charged a $15
53:34
maintenance fee or $12.00, whatever it is.
53:37
They pay you interest. But it's like laughable.
53:40
It's like .0 something percent. It's like nothing.
53:43
It's like spitting your face, the equivalent of that.
53:46
Well, Coinbase is basically saying, hey, guess what?
53:50
We could actually offer something better.
53:52
And that's exactly what they're doing.
53:55
And Coinbase isn't waiting to to show the banking world and also
54:01
put pressure on the Trump administration because Coinbase
54:04
is basically angling and saying, listen, guys, as much as we love
54:09
you Trump White House, we're going to do this with or without
54:13
you. Because fundamentally, the
54:16
reason that Coinbase was so OK with the status quo is because
54:20
they said, listen, at the end of the day, with the status quo,
54:23
we're able to do this. And with this bill would
54:26
actually bar us from doing this. And it's unfortunate because,
54:30
you know, again, from a Bitcoiner's perspective, the
54:32
whole protect the right to self custody, it's kind of, you know,
54:37
locked into all of this. But that's the situation.
54:41
And to show you guys that Coinbase is not like bluffing at
54:45
all, they announced this 2 days ago.
54:48
How to earn more Bitcoin? Hold USDC, which is the US
54:55
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in BTC with Coinbase 1 rolling out now.
55:13
So again, you're getting interest.
55:17
That's what it come it. They call it rewards, call it
55:21
whatever the fuck they want to call it, but that's how it's
55:24
functioning. This is why banks are freaking
55:27
out. My opinion is the banks.
55:31
Like I'm sorry guys, but like this is the most uncompetitive
55:36
BS I've ever seen. Because they're not, they don't
55:40
want to change their business model.
55:42
They want to continue gutting you basically every single
55:46
month. You paying the maintenance fee,
55:48
then taking your money, making money off of your money because
55:52
they go out and lend it to other people and you get nothing in
55:56
return for that. And they make a fortune off of
55:59
that. Coinbase is basically saying,
56:02
hey guys, actually if you hold USDC, which functions like the
56:08
dollar, and you just hold it in your account, we're going to
56:11
give you 3.5% in interest in, in rewards.
56:17
And actually it won't even be paid in USDC.
56:20
We're actually going to be paying it to you in, in Bitcoin.
56:23
And they're freaking out because there's a lot of people
56:27
specifically in the youth that don't even have bank accounts.
56:32
They'll use Coinbase, they'll use cash App as their bank
56:36
account. They won't even use a
56:39
traditional bank account. They won't even use it.
56:42
They they'll be like, this is ridiculous, right?
56:45
So this is what has banks freaked out.
56:48
This is the main hurdle. This is the main barrier as to
56:54
why the stablecoin act has not passed.
56:58
It is literally this. It's nothing else.
57:01
It's this and Coinbase isn't playing around.
57:04
They're saying, listen, we're not waiting for you.
57:06
We're going to do this anyhow. We're going to roll this out
57:08
anyway. And they can call it rewards,
57:09
but in a way it's just interest. Anyways, before we move on to
57:14
the culture, I do want to give a shout out to Bitcoin 2026.
57:18
It's going to be the largest Bitcoin, you know, conference in
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the world. I call it Bitcoin Super Bowl
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through the 29th at Bitcoin 2026, the largest Bitcoin
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conference of the year. All right everybody, let's get
58:10
to the culture. Opti has a ton to get to.
58:13
We're going to be right back in just a bit.
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digitaltech.com. Yo, you turn my camera off.
59:01
All right, One SEC, guys, one SEC.
59:06
What a Judd. All right, OK, all right.
59:11
And you got to step out. So I'm handling the rest of the
59:14
show. I don't know, I'm a little
59:17
conflicted here. Do do you you want to do kind of
59:21
like a bullish meme culture today or, or do I actually touch
59:27
on some cultural stuff that happened today that does have
59:30
some implications on the economy at large, which is like probably
59:33
the biggest news today. So we can cover the Trump tariff
59:37
decision. Or do you guys want it?
59:39
Do you want me to just do some meme and some opium?
59:41
So it is Friday. I'll give you guys a choice
59:43
here. Give me one second chunk.
59:46
I think it strikes again. Yeah.
59:48
For reals. You couldn't hear welfare.
59:53
All right, so I'm. I'm going to.
59:55
I'm going to read the chat here. Well, I'll take it.
59:58
I'll take it Wherever you guys want to go.
1:00:00
Since it's Friday and I didn't actually tell you I was going to
1:00:04
do memes today. It's not really a meme, but it
1:00:08
is like Mimi. It's a meme.
1:00:10
Opium. Or we can talk about the Trump
1:00:13
tariffs, but that's kind of boring.
1:00:15
So let's see, give it some time. I know there's a delay.
1:00:18
I know there's a delay. So let me know in the chat.
1:00:20
One minute chart. Pull it up.
1:00:22
All right, we'll go full bulletin.
1:00:24
OK, OK. All right, I heard.
1:00:27
All right, You know, I'll give the audience what they want.
1:00:29
It is Friday. Let's see what's the one minute
1:00:31
chart looking like here? My trading view is is is getting
1:00:38
wrecked. It's not loading.
1:00:42
Hold on. Let me let me refresh this.
1:00:44
I don't know what's going on. Guys, give me the one minute
1:00:47
chart. OK, one minute chart, there we
1:00:52
go. All right, So clearly in the
1:00:55
deep value range here And actually I'll, I'll go back a
1:01:00
little bit since I, since I'm going to do bullish memes.
1:01:04
The if you guys heard I, I will, I will give you guys, you know
1:01:07
the context. Apparently the Supreme Court has
1:01:10
said that the Trump tariffs are illegal as they stand right now.
1:01:17
You know, it's illegal. It seems like the US might have
1:01:20
to pay a couple $100 billion, but it did, you know, the
1:01:23
markets did react pretty good. You know, positive.
1:01:26
All markets are pretty much positive this morning.
1:01:29
The real question I think now is, is the trade wars going to
1:01:33
continue but in different forms. But really for everyone out
1:01:36
here, it's like, is this gonna be bullish for Bitcoin or, you
1:01:40
know, all markets? And I think a lot of people are
1:01:42
saying it might be bullish for the markets, even though it
1:01:45
might not necessarily be bullish for, you know, America if you're
1:01:49
coming from a a MAGA perspective.
1:01:51
Anyways, enough of that. That's if you if you didn't
1:01:53
follow the news this morning, Supreme Court rules that the
1:01:57
Trump tariffs are illegal. We still don't know much of the
1:01:59
ramifications. I'm sure we'll, we'll get some,
1:02:02
some interesting volatility in the markets next week.
1:02:06
But this is kind of what I wanted to talk about.
1:02:09
This is this is, this is some bull hopium sauce and it, and
1:02:13
it's Friday. You know, we can have some lols
1:02:15
here. You know, it's got to be 5:00
1:02:17
somewhere. You could crack open a beer and
1:02:18
we'll hang out. I saw this post and I and I, you
1:02:21
know me, I love the hopium. I I'm a I'm a hopium addict, but
1:02:25
this is this is pretty cool if it follows through.
1:02:28
I doubt it. I doubt it's going to be like
1:02:29
the 4 Chan post, you know, calling the bottoms and tops
1:02:32
exactly. But maybe I should pull it up
1:02:34
because he did the second post that he posted.
1:02:37
He did say it was going to go to even higher all time highs this
1:02:41
year, but I don't remember what the numbers were.
1:02:42
ANYWAYS, we got this guy, Jesse Eckel, yad, crypto investor,
1:02:47
yadda yadda yadda. It goes.
1:02:48
I paid $300 to get Grok Heavy 420 or 4.2 and asked it to
1:02:53
predict the price of Bitcoin month by month from now until
1:02:56
the end of 2027. This is what it predicted.
1:02:58
I'm not, I'm not going to read all the key rationales, but it's
1:03:01
saying February, we will end this month around 68 five, you
1:03:06
know, So Grok's not too far off. Then March 75 K, then April 82,
1:03:10
May 88, June 95, July 105, August 115, September 125, new
1:03:17
all time high by October. And as you can tell, This is why
1:03:22
I'm bringing it out because I really want Nico to be wrong
1:03:24
here on us going to 40K by October.
1:03:26
I'm like, no, we're going to go to all time high by October.
1:03:29
Not just because Grok, because I'm the source.
1:03:32
And that's, that's just what I think's going on.
1:03:35
I've made the case. I think the institutions have
1:03:37
fundamentally shifted things. And yeah, I think, I think
1:03:40
people like Nico, the banks and the market makers are are
1:03:44
playing into it. It's like they know there's
1:03:46
going to be a four year cycle. Let's dump it, get some cheap
1:03:48
sats, but we won't be in a bear market that long.
1:03:50
So we'll see all time high by October 135, then November 145,
1:03:55
December 155 going all the way to December of 2027 at 2:40.
1:04:02
Hey, can you know, can I just get some opium here?
1:04:09
Is it so wrong for me to just believe in the opium?
1:04:13
You know, bears and pessimists are losers.
1:04:15
You know, Nico's a loser. We are optimists here.
1:04:18
We believe in in hope. We believe in the future is
1:04:21
going to be better than today. So 240 by 2027.
1:04:26
All right now here's where it does get kind of interesting.
1:04:28
He continues and he goes, it gets more insane.
1:04:30
I asked it to go to 2030. Its prediction is up until up
1:04:34
only until 2030. It's predicting the Super cycle
1:04:38
lol. So January 255 and then we'll go
1:04:42
to the very end here, December of twenty 29455 thousand.
1:04:49
Now, you know, I don't, I'm not, I don't really believe.
1:04:54
I don't. Yeah, Grog, hopium is fire.
1:05:00
You know, I'm not the biggest AI fan per SE.
1:05:03
I, I really think it's just a glorified search engine.
1:05:06
But you know, there's a lot of AI hope and, and it literally is
1:05:10
hopium. You know, it's Friday.
1:05:12
It's a meme. We're kind of laughing, we're
1:05:14
kind of trolling. But if you kind of look here and
1:05:17
I, I don't really want to read all of the, you know, I'll, I'll
1:05:20
just pull it up so you guys can read it.
1:05:23
You guys can read the reasonings.
1:05:24
And here I'll, I'll zoom in a little bit so you can see some
1:05:29
rationale or actually maybe I'll just drop this in the let me
1:05:32
just drop this in the in the chat for you guys and you guys
1:05:35
can read all its all its reasonings and stuff.
1:05:37
But you know, I want to believe, I want to believe, I really want
1:05:43
to believe that AI is conscious on some hand on on some extent,
1:05:49
not so much on a full like Terminator level.
1:05:51
You know, I, I, I do like sci-fi and I do think AI is probably
1:05:59
going to find us redundant to put it nicely.
1:06:03
But hey, newest grocs out 4.2. It's calling super cycle.
1:06:12
Let's just see. Let's see if it plays out, man.
1:06:15
Let's see if it plays out. It is also playing off the idea
1:06:20
that we had already bought them that we're going to be pumping
1:06:22
until the end of the year and further we're going to be
1:06:26
pumping for the next three years.
1:06:28
So hey, maybe the four year meme cycle 3 green one red is broken,
1:06:33
but maybe we get back into a new cycle of just up forever greens
1:06:41
forever. So dumb.
1:06:43
It literally is it literally is. That's the point.
1:06:47
All right, guys, for the new guys, usually I would do a meme
1:06:53
review at the end. I that's why I said this is kind
1:06:56
of a meme. It is it is Friday.
1:06:58
We're having some fun. It is a meme.
1:07:02
OK, like she's can I, can I have a little fun on the show, guys?
1:07:09
Yeah, literally up and to the right.
1:07:11
Up and to the right. All right, guys, I guess, I
1:07:14
guess No, I guess you guys didn't, didn't have have as much
1:07:18
fun with this as I did. Skynet will actually find me.
1:07:23
I'm cooked, guys. I am totally cooked.
1:07:28
No, don't. I, I am nice to my AIS and you
1:07:32
know, LLMS. But literally it, it's been proven that if you say
1:07:36
please and thank you, you get worse answers.
1:07:38
So I'm kind of in a pickle here. It's catch 22.
1:07:41
You just be succinct to the point, ask your question.
1:07:44
Don't say please and thank you. It confuses them.
1:07:47
OK, don't do that. Oh, yeah, the opium.
1:07:51
That's the stuff. All right, guys.
1:07:53
Anyways, actually, let me see what's going on on Rumble.
1:07:56
Let's see what the. Let's see if I'm getting trolled
1:07:58
on Rumble. And then and then we'll wrap it
1:07:59
up. It is Friday.
1:08:01
Let's see no, nothing on rumble, nothing on rumble.
1:08:06
All right, guys, well, we made it another week.
1:08:10
We made it another week and let's just let's just hope
1:08:17
there's there's something to talk about tomorrow or Monday.
1:08:21
So on that note, guys, ultra drip, ultra drip motebook turned
1:08:27
out to be a scam. I, I, I had the same thing, same
1:08:31
thoughts turned out to be not not what we thought it was.
1:08:36
At least that's what I looked at.
1:08:37
That's what I saw after the fact.
1:08:39
But you know, maybe, maybe there's another update on that.
1:08:43
But anyways, guys, it's Friday, so there is some homework for
1:08:48
you this weekend. Eat some good food, call your
1:08:53
loved ones, get some sun, get a workout and even if it's just
1:08:57
walking, get the 10K steps in. Guys, we are if all right.
1:09:01
If the price is going to be as depressing as Nico keeps
1:09:05
predicting, then the only thing you can do is try to ascend, try
1:09:10
to upgrade yourself and stack as much Bitcoin as possible so that
1:09:14
when we do hit another all time high, you are the best possible
1:09:18
version of yourself so that everyone can look at you and be
1:09:21
like, damn, what a Chad. I want to be like him.
1:09:24
I want to hold the money he's holding.
1:09:27
I'm trying to look like a Greek God.
1:09:29
I want to be that guy. That's who you need to be.
1:09:31
That is the goal for 2026. If the price is going to be
1:09:34
shitty, at least make sure you're not shitty.
1:09:37
OK, That's I'm on the same protocol as you.
1:09:40
I eat my own medicine or eat my own soup.
1:09:43
That's what we're doing. We're locking in for 2026.
1:09:47
If the price is going to be asked, we're going to lock in
1:09:49
and we're going to stack as much stats as possible and then maybe
1:09:52
we'll have some fun by the end of the year.
1:09:54
But I think I think we're going to have a strong reverse.
1:09:57
So anyways, guys, I love you guys.
1:09:59
I appreciate you guys, even all the haters.
1:10:01
I love you guys the most because you just hope that we're better
1:10:05
every single day. And I really need that in my
1:10:08
life. Someone that loves me so much
1:10:11
that they can be critical and hope that I'm better every day.
1:10:14
It's almost like my mother. All right, guys.
1:10:20
All right, all right, I'll see you on Monday.
1:10:23
Guys. Have a good rest of your day.
1:10:25
Have a good weekend. We're going to lock in on Monday
1:10:29
for next week. On that note, this is your boy
1:10:31
Opti. This is simply Bitcoin Live.
1:10:33
Make sure though, we are going to drop content over the
1:10:36
weekend. So if you if you still need some
1:10:38
more Bitcoin, Phil, come back to our channel.
1:10:42
We're going to have videos for you guys all weekend.
1:10:43
On that note, I will see you on Monday.
1:10:46
Today's episode was brought to you by bitcoinwell.com, a
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