Latest / Simply Bitcoin / Billionaire FORCES $3.08T Company to Adopt Bitcoin in 19 days! | EP 1123

Transcript

Billionaire FORCES $3.08T Company to Adopt Bitcoin in 19 days! | EP 1123 · Simply Bitcoin

• 0:00
  Yo, Michael Saylor is going to speak to the board of Microsoft
• 0:05
  only days before the $3.8 trillion giant is set to vote on
• 0:10
  adding Bitcoin to their balance sheet on December 10th.
• 0:12
  Will this be the day that Microsoft unleashes it's $105
• 0:17
  billion cash holdings into Bitcoin?
• 0:19
  And will this trigger a wave of FOMO from the other 58,000
• 0:24
  public companies to adopt Bitcoin?
• 0:26
  We've already seen over 130 public companies with Bitcoin on
• 0:30
  on their balance sheet and there's rumors circulating that
• 0:32
  other giants like Meta and Dell are very interested in Bitcoin.
• 0:38
  Is the third largest company in the world about to join the FOMO
• 0:42
  race and adopt Bitcoin instead of burning shareholder value?
• 0:46
  We'll dive into that on today's video.
• 0:48
  Of course, I am not alone. I'm here with our fearless
• 0:52
  leader Nikko. But let's just dive right into
• 0:55
  this story because obviously it's kind of a saga we've been
• 0:58
  covering. We covered this when it broke
• 1:00
  the other day, I think it was October.
• 1:02
  It was about a month ago. So here we go.
• 1:04
  We have the title here, headline from Yahoo Finance that
• 1:08
  Microsoft is going to consider Bitcoin investment in December
• 1:12
  despite the board's opposition. Now going into the SEC release,
• 1:17
  remember we covered this last time, but it was very
• 1:20
  interesting when this news came out, we were mentioning the fact
• 1:23
  that micro strategy was actually named in report and you can see
• 1:27
  here, you know I highlighted just a portion that covers
• 1:29
  MicroStrategy. It goes as of June 25th, 2020.
• 1:33
  Fourth, the price of Bitcoin increased by 99.7% over the
• 1:37
  previous years, outperforming corporate bonds by roughly 94%
• 1:41
  on average. And over the past years the
• 1:43
  price of Bitcoin increased by 414%, outperforming corporate
• 1:47
  bonds by roughly 411% on average.
• 1:50
  And this is where they name MicroStrategy.
• 1:52
  MicroStrategy, which is like Microsoft is a technology
• 1:55
  company, but like Microsoft holds Bitcoin on its balance
• 1:58
  sheet and it's had its stock outperformed Microsoft by 313%
• 2:04
  this year. And despite only doing a
• 2:06
  fraction of the business that Microsoft has, and they're not
• 2:09
  alone, The institutional and corporate adoption of Bitcoin is
• 2:12
  becoming more commonplace. Of course, talking about
• 2:15
  BlackRock ETFs and all of the ETS following.
• 2:18
  And then this news came out, Michael Saylor to present to the
• 2:21
  Microsoft board next month about buying Bitcoin for its treasury.
• 2:25
  Now, why would Microsoft be looking to micro strategy to
• 2:29
  adopt A Bitcoin strategy? It's because Michael Saylor
• 2:33
  stock is absolutely destroying out there.
• 2:36
  So we're going to start with the Microsoft stock here.
• 2:38
  You can see the year to date performance is 11.8% and it's
• 2:42
  basically going sideways all year.
• 2:44
  It's basically going sideways and everyone on Bitcoin Twitter
• 2:48
  is watching micro strategy energy stock absolutely go
• 2:51
  nuclear. It's damn near parabolic here.
• 2:54
  Going a literal 5X this year with a 592%.
• 2:59
  Like look at this chart. It's absolutely insane.
• 3:02
  So obviously every company out there is starting to recognize
• 3:06
  that maybe Michael Saylor knows something that they don't.
• 3:09
  Maybe they need to add Bitcoin to their balance sheet.
• 3:12
  Maybe this is how you avoid destroying shareholder value
• 3:16
  because as we know, if you're holding cash, you're basically
• 3:19
  holding on two melting ice cubes.
• 3:21
  Though we got this coming out of a Twitter Spaces lat this week
• 3:26
  in regards to the Bitcoin strategic reserve asset was sent
• 3:30
  Senator Cynthia Lummis. So I'm going to just play the
• 3:33
  clip here and you can hear a little bit of Michael Saylor's
• 3:36
  thinking. You can hear what he's actually
• 3:38
  going to propose. And this is where we think that
• 3:41
  maybe this will cause the FOMO race when Saylor essentially
• 3:45
  open sources his presentation to the Microsoft board.
• 3:48
  So let's hear this. Microsoft is facing a
• 3:52
  shareholder vote next month that Wood Forest the board to
• 3:56
  evaluate Bitcoin as a treasury asset, to which the board
• 3:59
  replied, we already do evaluate it.
• 4:02
  This proposal is unnecessary. So just curious, like do you
• 4:06
  think that these types of shareholder proposals are a good
• 4:10
  way or the best way to push Bitcoin as a reserve or do you
• 4:13
  think there's other ways that folks on the call here could
• 4:16
  help catalyze greater adoption? Well, first of all, I think it's
• 4:20
  a perfectly fine way to do it. And, and the activist to put
• 4:25
  that proposal together contacted me to present to the board and I
• 4:30
  agreed to provide a 3 minute presentation.
• 4:33
  That's all you're allowed. And I'm going to actually post
• 4:36
  that online and, and I'm going to present it to the Board of
• 4:38
  directors. I also offered, we also offered
• 4:42
  to withdraw that proposal if Satya Nadella would meet me.
• 4:45
  And I said I would fly to wherever he is and meet him in
• 4:48
  confidence in his office for an hour to discuss.
• 4:51
  But we were that offer was not accepted.
• 4:54
  So you will see me putting together the three minute
• 4:58
  proposal for Microsoft and, and it'll get posted and we'll send
• 5:02
  it to the board. And, and I think it's a good and
• 5:04
  not a bad idea to put it on the agenda of every company that
• 5:08
  ought to be put on the agenda, Berkshire Hathaway and Apple and
• 5:12
  and Google and, and Meta, because they all have huge
• 5:15
  hoards of cash. They're all burning shareholder
• 5:18
  value. And the, I mean, the approach of
• 5:21
  an Apple is 98.5% of the enterprise.
• 5:25
  I'm sorry, the approach of Microsoft is 98.5% of the
• 5:29
  enterprise value is levered to quarterly earnings and 1.5% of
• 5:34
  the value of the stock is tangible assets.
• 5:37
  And it would be a lot more stable stock and a much less
• 5:41
  risky stock if half the enterprise value of the stock
• 5:46
  was based upon tangible assets or property like Bitcoin.
• 5:49
  So I think there's a great argument to be made.
• 5:52
  I think shareholders should make it.
• 5:54
  We're preparing materials and we're enthusiastic advocates.
• 5:57
  And if anybody's got an entree to the board of a company with
• 6:02
  massive amounts of capital, I'm happy to help.
• 6:06
  Interesting. Again, guys, remember that the
• 6:08
  board has basically recommended that they vote against adding
• 6:12
  Bitcoin to their balance sheet. And if you really look at all
• 6:16
  the numbers, it it doesn't make sense if what Saylor just said
• 6:20
  is exactly how Microsoft Works is that, you know, their stock
• 6:25
  is very, very much connected to the quarterly earnings.
• 6:28
  And if Saylor and Micro Strategy have proven anything, it's going
• 6:32
  to blow out all of those numbers that it has in the past and it's
• 6:36
  going sideways all of this year. Sailors up 5X.
• 6:39
  And so this is an easy way for them to increase shareholder
• 6:43
  value, obviously, because we all know the meme like if you're
• 6:46
  saving in cash, you're losing at the very least 2% every year.
• 6:50
  We all know the numbers that roughly every 14 years or so,
• 6:54
  you lose 50% of your value in dollars.
• 6:57
  And everyone has the same problem that you, you can't save
• 7:00
  in cash. If you have cash balances on
• 7:02
  your comp, on your corporate treasury, you're losing value.
• 7:06
  As someone that is a public company, your whole goal is to
• 7:10
  increase shareholder value. And Bitcoin seems to be that
• 7:13
  CHEAT SHEET, like Bitcoin is the cheat code.
• 7:16
  You just need to add Bitcoin. It's the best thing.
• 7:19
  It's the best asset in the last 15 years.
• 7:21
  It's blowing everything out of the water.
• 7:23
  And if you simply add Bitcoin to your balance sheet, your life as
• 7:27
  a shareholder, as a board member, just it's that much
• 7:30
  easier. Look at Sailor.
• 7:31
  He's proven this strategy. He's been putting on a master
• 7:34
  class in regards to how to add Bitcoin to your corporate
• 7:38
  treasury. And now as Sailor was saying,
• 7:41
  it's, it's upon all of these corporate CEOs, executive suite
• 7:45
  class members to look at Bitcoin seriously, add it to their
• 7:48
  treasury. And this is starting to spread.
• 7:51
  I'm more than convinced that every top CEO in the world, you
• 7:55
  know, Microsoft, third largest company in the world, every top
• 7:57
  CEO, every top corporation in the world has to seriously
• 8:01
  consider adding Bitcoin to their balance sheet.
• 8:04
  It's, it's no longer career suicide to talk about Bitcoin.
• 8:07
  It's actually the opposite. If you aren't embracing Bitcoin,
• 8:10
  then you are really, really falling behind in, in the new
• 8:13
  age that is the Bitcoin age. Now the real question is, is can
• 8:17
  sailor in 3 minutes change the opinion of the shareholders out
• 8:21
  there at Microsoft? Obviously sailors done hours and
• 8:25
  you know, maybe thousands of hours and thousands of of hours
• 8:28
  on podcast talking about Bitcoin.
• 8:30
  I'm sure he's done even more work on the back end personally
• 8:33
  talking to executive suite members about adding Bitcoin.
• 8:37
  And like he said in the video, he even, he even mentioned like,
• 8:40
  yeah, I'll, I'll sit down with you CEO of Microsoft for for an
• 8:43
  hour if you want and then he's like, no, I, I don't got the
• 8:45
  time just go talk to the shareholders.
• 8:47
  Give us a 3 minute chill and we'll see what happens though
• 8:50
  the other interesting part about this is what Sailor said at the
• 8:53
  very end of that, that he's basically going to open source.
• 8:56
  Well, obviously it's not fully an open source, but he's going
• 8:59
  to post this on the Internet so that other people can hear this.
• 9:02
  And I think this is where the FOMO wave will come afterwards.
• 9:05
  Whether Microsoft adds Bitcoin to the balance sheet or not,
• 9:08
  obviously that that's going to hurt themselves.
• 9:11
  They're basically shooting themselves in the kneecap.
• 9:13
  Met metaphorically of course. Now it's going to be interesting
• 9:17
  what other CE OS think when they hear the Michael Saylor shill,
• 9:21
  which is just a 3 minute presentation.
• 9:23
  So can Michael Saylor change the minds of the Microsoft
• 9:27
  shareholders? We don't know.
• 9:28
  Will Microsoft be the next Bitcoin corporation, rather
• 9:32
  maybe the biggest Bitcoin corporation to adopt Bitcoin?
• 9:36
  Obviously, we don't know. We'll be seeing in about 19 days
• 9:39
  what actually takes place at the shareholder vote.
• 9:42
  But if they do acknowledge and adopt Bitcoin on their corporate
• 9:47
  treasury, I really think that 2025 FOMO is going to be
• 9:51
  absolutely crazy. We're going to see all of the
• 9:52
  biggest corporations in the world add Bitcoin to the balance
• 9:55
  sheet. And you know, I, I was hanging
• 9:58
  out with a couple of bitcoiners yesterday.
• 9:59
  There's actually like a Bitcoin blockchain summit in, in my, in
• 10:03
  my city right now. And we all kind of are having
• 10:07
  the same feeling that man, this time really does feel different,
• 10:10
  like this time is actually different.
• 10:12
  Now that we have the ETFs, we have, you know, the US embracing
• 10:15
  the Bitcoin strategic reserve idea, It does seem like things
• 10:20
  have fun fundamentally changed. And and you know, I've been
• 10:22
  saying it for a while and you guys throw tomatoes every time I
• 10:25
  say it. But like the hyper
• 10:27
  bitcoinization meme, it really feels like we're on the verge of
• 10:31
  that. It really feels like this might
• 10:33
  be it. Like maybe Nico and I won't have
• 10:35
  a job after this cycle because it's just going to be so
• 10:38
  commonplace and so obvious that you need to add Bitcoin.
• 10:42
  Man, it, it's getting crazy. Things are heating up and I,
• 10:46
  we're here for it. Like this is what we've been
• 10:48
  waiting for. Obviously, our goal is to get
• 10:51
  Bitcoin into as many people's hands as possible.
• 10:53
  Individuals is what really matters.
• 10:55
  People using Bitcoin as money as it's designed, but adding
• 11:00
  corporations to the Bitcoin movement is obviously going to
• 11:05
  be a huge shoot signal for everyone else that they have to
• 11:09
  FOMO into Bitcoin. And this is where we are right
• 11:11
  now. We'll see in 19 days what
• 11:14
  happens with Microsoft, but I think you've been having this
• 11:16
  conversation just by the shareholders is more and more
• 11:20
  signal that other corporations are talking about the same
• 11:23
  thing. So guys like, you know,
• 11:25
  hopefully you haven't took your foot off the gas because 2025 is
• 11:28
  looking like it's going to be an incredible, incredible.
• 11:31
  So Nico, what's your thoughts on Sailor going to Microsoft?
• 11:34
  You know, him reaching out and the potential for a new FOMO
• 11:39
  wave from corporations to follow Bitcoin or sorry, MicroStrategy
• 11:43
  here because it has seemed like we haven't really entered into
• 11:47
  the top realm of corporations taking Bitcoin seriously.
• 11:50
  It seems kind of, you know, smaller corporations doing it.
• 11:53
  Obviously, most of the Bitcoin companies are adding Bitcoin to
• 11:56
  their treasury. So we're still ahead of the
• 11:58
  curve here, But how big of a significance do you think it
• 12:02
  would be if Microsoft did actually add Bitcoin to their
• 12:05
  balance sheet? I mean, it'd be massive.
• 12:07
  It would be it would send shock waves all around the world.
• 12:11
  I had the opportunity to talk to Sailor at in Nashville 2024 and
• 12:15
  I straight up asked him. I said like, look, it's clear
• 12:18
  you're outperforming everyone. It's undeniable.
• 12:22
  Like you see the graphs he's put, he's posting and micro
• 12:25
  strategy is leading the pack. And you know, he's outperforming
• 12:30
  these tech companies like Microsoft, like Tesla, like
• 12:35
  NVIDIA, like all these companies that they make stuff right?
• 12:39
  And it's so weird. This company out of left fields
• 12:42
  essentially has been going sideways since the 90s and all
• 12:45
  of a sudden they adopted a Bitcoin strategy and they just
• 12:48
  six texts in a year. Like of course that's going to
• 12:52
  make heads turn. And another thing that I'll say
• 12:54
  is you could only take an ideological stance against
• 12:58
  Bitcoin for so long before number go up does what number go
• 13:02
  up does best. And fundamentally, you know, all
• 13:05
  these executives and all these boards of all these publicly
• 13:08
  traded companies, they are beholden to their shareholders
• 13:12
  and it's their responsibility to provide value to their
• 13:15
  shareholders. And if that means adopting a
• 13:17
  Bitcoin strategy, they're not going to have a choice.
• 13:21
  So even if the Microsoft CEO says no, he's only going to be
• 13:26
  able to do that for so long until they're literal guys with
• 13:30
  pitchforks outside the office basically saying, why aren't you
• 13:35
  guys adopting a Bitcoin strategy?
• 13:38
  What Sailor said in that Spaces clip was spot on.
• 13:43
  You guys have to remember that whether it's Warren Buffett,
• 13:48
  whether it's Apple, whether it's Google, they're holding
• 13:51
  mountains of cash, right? And just with the inflation,
• 13:56
  right, just with the ideal inflation rate of two to 3%, if
• 14:00
  you are to believe that, you know, they're losing a
• 14:03
  tremendous amount of purchasing power every single year.
• 14:07
  And that doesn't need to be the case if they adopt A Bitcoin
• 14:11
  strategy. Now, do they need to go as hard
• 14:14
  as Michael Saylor with MicroStrategy?
• 14:16
  No, they can just put one or two or three or 4% of their cash or
• 14:24
  cash equivalents into Bitcoin and that will compensate the
• 14:28
  amount of purchasing power they lose to holding Fiat.
• 14:33
  So, yeah, I mean, it's, it's incredibly obvious they're only
• 14:38
  going to be able to resist this for so long until public
• 14:42
  pressure mounds. And you know, these are at the
• 14:45
  end of the day, these are CE OS of publicly traded companies.
• 14:49
  And because they're publicly traded company, they're beholden
• 14:52
  to their shareholders. And if enough of their
• 14:54
  shareholders say, hey, what's going on here, how come we're
• 14:58
  being outperformed by MicroStrategy?
• 15:02
  Like we're Microsoft, you know, like we're one of the biggest
• 15:05
  software companies in the world. What's going on here?
• 15:08
  We're Tesla, you know, we're Google.
• 15:10
  What is going on here? Why is this stock outperforming
• 15:13
  us there? You can only resist that for so
• 15:16
  long until shareholders say, you know what, enough is enough.
• 15:20
  You have to at least, you know, adopt some type of Bitcoin
• 15:24
  treasury strategy. And I'm just talking about from
• 15:27
  my own personal perspective, you know, me and Opti's small
• 15:30
  business, simply Bitcoin, like having Bitcoin on your treasury
• 15:35
  is a cheat code. I can't emphasize that enough.
• 15:38
  It's a cheat code. Your runway just extends over
• 15:42
  time. It's the most surreal thing you
• 15:44
  can ever imagine. And I, I can't like, and for a
• 15:47
  company like Google or company like where they just have piles
• 15:50
  and piles of cash, I mean, like it's, it's a no brainer.
• 15:54
  It's a no brainer. Why hold Fiat if you can hold
• 15:59
  something better? Why hold Fiat that is designed
• 16:02
  to lose purchasing power over time versus holding Bitcoin that
• 16:06
  is designed to increase in purchasing power over time?
• 16:09
  Like one of the best things that Microsoft or all these people
• 16:14
  could do to provide shareholder value specific specifically in a
• 16:18
  Bitcoin bull run is get them exposure to Bitcoin.
• 16:22
  And it doesn't mean that they have to go balls deep like
• 16:25
  Sailor. Could just be a few percentage
• 16:27
  points. It's gonna offset the purchasing
• 16:29
  power that they're losing through Fiat and it's gonna
• 16:31
  provide exposure, you know, to to Bitcoin like it's it's
• 16:36
  obvious. It's it's it's it's not rocket
• 16:39
  science. So yeah, I think they're going
• 16:41
  to be able to resist this for a little bit, but not in the long
• 16:45
  term. And one last thing, like because
• 16:47
  I know probably a lot of people are thinking this.
• 16:49
  What why is why are they resisting the inevitable?
• 16:53
  Well, it's because Bitcoin makes you look bad.
• 16:56
  Why do I mean by that? So if your job is to essentially
• 17:01
  like manage money, if your job is to essentially, you know,
• 17:05
  you, you, you have a bunch of clients, they're they're wealthy
• 17:08
  and you essentially provide financial services to them.
• 17:11
  And the reason you have to do that is because we lived in this
• 17:14
  really effed up world where you essentially have to become a
• 17:17
  part time investor or outsource that investing to someone else
• 17:22
  just to maintain your purchasing power.
• 17:24
  Bitcoin solves that completely. So the whole financial industry,
• 17:30
  you know, comes into question because all of a sudden if
• 17:33
  you're like a, a wealthy individual, like, and I've had
• 17:37
  this conversation with them where they're just like, so
• 17:39
  you're saying all I have to do is just buy Bitcoin and put it
• 17:43
  in self custody and I'm going to get a 20 to 30% return on a
• 17:48
  yearly basis without having to pay a money manager a fee.
• 17:52
  And I'm looking at them dead in the eye and I said, absolutely,
• 17:56
  they can't believe it. They're like, this is insane
• 17:58
  that this guy's crazy. This guy, you know, because if
• 18:01
  not, you have to get into hedge funds, you know, you have to
• 18:04
  pay, you know, you have to pay these wealth management banks
• 18:06
  fees just so that you get a specific return just by buying
• 18:11
  Bitcoin, earning Bitcoin, mining Bitcoin, put into self custody.
• 18:15
  You're going to out compete all of that.
• 18:18
  Like unless you're telling me you're getting a, a 30 to 20%
• 18:21
  return on a yearly basis. Who else is giving that type of
• 18:24
  return? No one.
• 18:25
  It's Bitcoin. Bitcoin is a superior asset.
• 18:28
  So I think a lot of the resistance comes from that.
• 18:32
  It comes from people trying to protect their Moat.
• 18:35
  But like I said, you can only resist that for so long until
• 18:40
  the public says, you know what guys like, it can't be that
• 18:45
  like, and it's like what Seth for privacy said on like Monday
• 18:48
  or Tuesday show like he's like, what does MicroStrategy do?
• 18:53
  You know, like we know they're a software company, like we know
• 18:55
  they offer that, but like what is their primary business
• 18:59
  function? They're they're really like
• 19:00
  functioning as like a leveraged play on Bitcoin really.
• 19:05
  So how could this, you know, company that came out of
• 19:09
  nowhere, you know, literally kind of flatlined for 20 years
• 19:13
  is out competing the top seven tech companies in the world.
• 19:17
  And the answer is simple. They've just adopted a Bitcoin
• 19:20
  strategy. So this is really, really
• 19:22
  exciting times because this is gonna make number go up like
• 19:26
  crazy. Anyways guys before we get
• 19:27
  numbers. Wait, wait, wait.
• 19:28
  Nico, before you go on, I think I do want to add a little
• 19:31
  context cuz you did kind of say that.
• 19:34
  Why didn't the CEO of Microsoft already embrace Bitcoin?
• 19:39
  To be completely clear, CEO, what's his name?
• 19:42
  Satya Nadella. Forgive me, bro.
• 19:44
  We know he is a Bitcoiner. We know he's had these
• 19:47
  conversations with Bitcoin, but he owned approximately .1% of
• 19:51
  Microsoft shares. And if we look at who the
• 19:54
  biggest holders of Microsoft are and who these shareholders are,
• 19:58
  Vanguard's number one with 9% of the Microsoft shares, followed
• 20:02
  by BlackRock, State Street and Fidelity.
• 20:05
  Now if you add those up, BlackRock and Fidelity
• 20:08
  obviously. Are pro Bitcoin, they have
• 20:09
  Bitcoin ETFs. They do surpass Vanguard in
• 20:13
  shareholder percentage and Vanguard, we all know the story
• 20:16
  with Vanguard, you know, the CEO basically resigned because they
• 20:20
  told, you know, this is the Bitcoin the Bitcoin's view of
• 20:23
  this. The shareholder basically
• 20:24
  resigned because they famously came out and we're like we're
• 20:27
  not going to embrace the Bitcoin ETFs and now they're paying for
• 20:31
  it. So yes, Vanguard's one of the
• 20:33
  biggest shareholders of Microsoft, but BlackRock
• 20:36
  infidelity do dwarf that voting percentage.
• 20:39
  So it is going to be interesting to see what the shareholders
• 20:42
  actually do coming up December 10th.
• 20:44
  But there is some interesting stuff playing out in real time
• 20:47
  and we're going to see these conversations continue anyways.
• 20:49
  Go, Nico. Yeah, guys, I do want to give a
• 20:53
  very special shout out to Simply Bitcoins lead sponsor.
• 20:56
  Guys, remember, Simply Bitcoin is fueled by our partners and
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  Let's go guys. Hey, there's over 2000 of you
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  subscribe to the show if you like what we're doing, but also
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  wait, scan the QR code. Make sure you pack up your seed
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  phrase on something that is not going to get wrecked and you can
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  ensure that you are holding your generation of wealth for the
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  long the long haul because it's going to be a long run anyways.
• 25:19
  Nico, get the chicken ready. Get the chicken ready.
• 25:22
  Of course, I'm over here on Clark Moody's dashboard and the
• 25:25
  current Bitcoin price is $97,810.
• 25:31
  Let's go. Honestly dude it it should just
• 25:33
  be. Let's go we.
• 25:36
  Made it OK the SAT per dollar AKA how much Bitcoin you can buy
• 25:39
  for a single dollar AKA how much the dollar is worth and Bitcoin
• 25:42
  is currently at 1020 two 1022. It looks like we might get under
• 25:47
  that 1000 SAT per dollar market. It's getting crazy out there.
• 25:51
  The current Bitcoin block height is 871,369.
• 25:56
  The market cap in Fiat terms for Bitcoin is $1.94 trillion and
• 26:01
  the Bitcoin versus golden market cap guys, it looks like we have
• 26:04
  secured the 10% of gold market cap.
• 26:06
  We are at 10.43% and the total percentage of Bitcoin that will
• 26:10
  ever be issued is currently at 94.21% which means 19,785,314.86
• 26:18
  Bitcoin are currently circulating.
• 26:20
  You might want to get some just in case it catches on because it
• 26:23
  seems to be catching on. OK.
• 26:25
  Now moving forward, of course, of course, of course we got to
• 26:28
  bring up Jack Ballers. Jack Mahler's the CEO of Strike.
• 26:31
  He's making incredible appearances on the corporate
• 26:34
  press. And this one that he dropped
• 26:37
  this morning, I think I'm pretty sure it aired this morning, hits
• 26:39
  on something very, very important.
• 26:42
  And it's obviously in regards to the importance of the Bitcoin
• 26:47
  strategic reserve idea. And, and I really like how he
• 26:50
  framed this of the financial significance of what this means
• 26:54
  for the world. And he lays out a little
• 26:55
  monetary history here on this. So let's play this and hear what
• 26:58
  Jack Ballers is saying. I think the unique positioning
• 27:02
  on the Bitcoin strategic reserve, I think if this
• 27:04
  happens, this will be one of the most important economic
• 27:08
  announcements in U.S. history. I think it'd be on par with 1971
• 27:13
  and Nixon. However, what I think is not
• 27:15
  being talked about enough is it's positive, Caroline, because
• 27:19
  you'd have to go out there and buy in the market.
• 27:21
  But will that actually happen? No.
• 27:23
  My, my meaning is this. In 1933, the US had a really big
• 27:27
  economic announcement. What was it?
• 27:29
  We're taking all your gold. In 1971, the US had a really big
• 27:33
  economic announcement. What was it?
• 27:34
  We're divorcing ourselves from the gold standard so we can
• 27:36
  print money. In 2008, the US had a really big
• 27:39
  economic announcement. What was it?
• 27:41
  It was we're bailing out all the big banks that misbehaved in
• 27:45
  2025 if the US has a really big economic announcement.
• 27:48
  What is it? It's.
• 27:50
  We're pro technology. We're pro innovation.
• 27:53
  What principles and morals and ethical alignment does Bitcoin
• 27:56
  have? Equal rights, equal opportunity
• 27:58
  and open network. These are American ideals,
• 28:00
  American values. This is an asset that was
• 28:02
  accessible to the people 15 years ago, that the people own.
• 28:06
  Governments only own 234 percent of this asset.
• 28:09
  This asset is held by the people that acts in the best interest
• 28:11
  of the public. It's pro jobs.
• 28:13
  It's pro energy, it's pro industry.
• 28:15
  It's pro growth. And does anyone else have a plan
• 28:19
  to get us out of debt? Are we going to start a lemonade
• 28:22
  stand out here in Times Square? No.
• 28:24
  How about the best performing asset in the history of mankind?
• 28:28
  We lean into it, we buy it. Coinbase is an American company,
• 28:31
  strikes an American company, Krakens, an American company.
• 28:34
  Tethers sells the US dollar. Let's support these businesses.
• 28:37
  Let's support this industry. The market cap is less than
• 28:40
  NVIDIA for the entire crypto ecosystem.
• 28:42
  When does that become bigger? I think when people buy it.
• 28:45
  Listen, I, I don't, I think that ego gets in the way of many
• 28:50
  people. People think they're late to
• 28:52
  Bitcoin. I I don't understand that,
• 28:55
  right? I think that late according to
• 28:56
  who? Oh, because you're comparing
• 28:58
  yourself to Michael Saylor, you're comparing yourself to
• 29:00
  your college roommate. You're comparing yourself to
• 29:02
  your Co worker over the last 15 years.
• 29:05
  The best thing you could have done is buy Bitcoin and I think
• 29:08
  that's going to be true for the next 1500 years.
• 29:10
  And so as a country, I think we have a choice.
• 29:12
  I think everyone else around the world is understanding we are
• 29:15
  pro growth, probusiness, pro Bitcoin.
• 29:17
  As this new administration takes office and we have to make a
• 29:21
  decision, I think the worst thing we can do is not own
• 29:23
  enough. And actually to de risk this, we
• 29:26
  should buy some and push these American ideals and technology
• 29:30
  and innovation and growth through the best performing
• 29:32
  asset and technology in mankind. Who has the answers to get us
• 29:39
  out of debt? I think it's only Bitcoiners.
• 29:41
  Bitcoiners are the only one that truly understand what's going on
• 29:45
  in the traditional financial world, and everyone else is
• 29:48
  sleepwalking. They're all looking at the new
• 29:50
  paradigm. That, of course, is Bitcoin with
• 29:53
  the old paradigm lens. And this is probably why they're
• 29:56
  so hesitant to adopt Bitcoin. Obviously, a lot of us here as
• 30:00
  like retail, you know, we've been outsiders to the
• 30:02
  traditional financial system. Most of us probably, you know,
• 30:05
  weren't able to benefit from the Canteon effect.
• 30:08
  Most of us aren't close to the money printer, hence why I think
• 30:11
  it was so easy for us to understand what's going on in
• 30:13
  Bitcoin. But you're seeing that the
• 30:15
  dinosaurs are fighting Bitcoin. And I really love how, you know,
• 30:19
  Jack Mahler's, AKA Jack Ballers out there, just so you know,
• 30:22
  slylyly dropped some monetary history on them.
• 30:25
  You know, hey, 1930, he didn't hit 1930, but in 1913, the
• 30:28
  Federal Reserve was created. In 193361021971 we got cut off
• 30:34
  from the gold standard. 2008, we literally bailed out all the
• 30:38
  banks. Remember, too big to fail.
• 30:40
  And now if it does play out like we think it's going to I I
• 30:44
  haven't checked the Poly market ads this or the Poly market ads
• 30:47
  this morning, but it does seem to be inching upwards into
• 30:51
  whether the US is going to adopt A Bitcoin reserve strategy.
• 30:54
  But if this does take place, then 2025 is going to be one of
• 30:58
  those huge economic moments. That's going to be one of those
• 31:01
  dates that we can, you know, point back to and be like, yeah,
• 31:04
  this is finally where things started to change.
• 31:07
  And, you know, I just love how Jack Mahlers is continuing to go
• 31:11
  out there and and hit on this idea of ego.
• 31:13
  There is so many people out there that their ego gets the
• 31:17
  best of them. What do we say all the time?
• 31:19
  You know, Bitcoin is an ego test.
• 31:21
  Stay humble, stack Sat stay solvent.
• 31:23
  This is how you understand and succeed in Bitcoin.
• 31:26
  Because if you think you are smarter by 1/2, as Greg Foss
• 31:29
  says all the time, then it's very easy for you to overlook
• 31:33
  Bitcoin. You're just like, oh, it's
• 31:34
  Internet nerd money, you know, like like it's for criminals,
• 31:37
  it's for drug dealers, it's for financial.
• 31:40
  I don't even know if I can say the T word anymore on here on on
• 31:43
  YouTube. But it's starting to become very
• 31:47
  obvious to anyone that takes the time to understand Bitcoin that
• 31:50
  this is the asset that you need to have on your balance sheet on
• 31:54
  a corporate level and on a personal level, on a nation
• 31:56
  state level and on a small business level.
• 31:59
  Every single person needs to hold Bitcoin because as Jack
• 32:02
  Mueller said, it's the best performing asset the last 15
• 32:05
  years and it's only going to continue and be the best
• 32:08
  performing asset for the foreseeable future.
• 32:11
  We are in a digital age. We are in an age that is built
• 32:14
  on the Internet. We're never going to go back to
• 32:16
  a world without Internet. So it's very obvious to us
• 32:19
  bitcoiners from this side of the fence to be like, it's a no
• 32:22
  brainer to have a native Internet currency, a native
• 32:25
  Internet money. And of course that is Bitcoin
• 32:27
  and it's slowly but surely starting to make waves in the
• 32:31
  minds of the people, the powers that be that are out there.
• 32:34
  We've seen them fight us and now we're seeing them also embrace
• 32:37
  us, which does make me feel a little weird cuz like, I've,
• 32:41
  I've been a contrarian my whole life that now when we get
• 32:43
  embraced, it's like, wait, hold on, where's the SIOP here?
• 32:46
  Like are we keeping our head on the swivel?
• 32:48
  Is Bitcoin going to be able to maintain its freedom money
• 32:51
  status? Or is Wall Street trying to
• 32:54
  Co-op this beautiful thing that we know Bitcoin to be?
• 32:57
  And This is why we constantly show and and share to people
• 33:00
  that, hey, if you are, you know, more advanced than Bitcoin, you
• 33:04
  want to run a node, you need to take that into into personal
• 33:06
  custody. You need to Uncle Jim, your
• 33:08
  friends and family to ensure that the Bitcoin rules are
• 33:11
  followed so that they can't Co opt the network.
• 33:13
  And that's the most important thing going up.
• 33:15
  Yes, number go up is great. And obviously I, I can't wait to
• 33:18
  see a huge first world country embrace Bitcoin and put it on
• 33:22
  their balance sheet. But there is a lot of things to
• 33:25
  keep in mind moving forward because Bitcoin is here.
• 33:28
  Everyone is starting to talk about Bitcoin.
• 33:30
  Bitcoin has moved into the public consciousness and now
• 33:33
  it's a legitimate conversation that people have to have, have.
• 33:36
  And if 2025 is the year that the US puts Bitcoin on it's balance
• 33:40
  sheet, you know, strategic stockpile, whatever the mean
• 33:43
  they want to call it, it's going to fundamentally change the
• 33:46
  course of financial history and also enable America to maintain
• 33:51
  it's position as, you know, the leader of the world.
• 33:54
  Maybe even maintain the fiat's world currency status or the
• 33:58
  dollar's world currency status, which, you know, we can argue
• 34:01
  about whether that's good or not.
• 34:03
  But everyone is incentivized to use Bitcoin now because it's
• 34:07
  becoming very obvious that Bitcoin is not only the superior
• 34:10
  asset, but the best money in the world.
• 34:12
  And now people are waking up to this.
• 34:13
  So 2025 might be a very important year for not only as
• 34:16
  bitcoiners, but for the world. 100% yeah.
• 34:19
  I mean, it's absolutely massive. Jack Mahler's just going on
• 34:23
  legacy media and just doing what Jack Mahler's just does best.
• 34:27
  It's just straight up ball. He was wearing Converse.
• 34:31
  I don't know if anyone noticed that.
• 34:33
  But yeah, I mean, you know, this could be a real thing.
• 34:36
  I was just taking a look at the Poly market odds while Opti was
• 34:39
  talking. It hit a high of 48%.
• 34:42
  We're almost at 50% in terms of Trump making Bitcoin a strategic
• 34:47
  reserve Now, it is an uphill battle a little bit in the in
• 34:51
  the Senate, right? The Republicans only really have
• 34:53
  a 53 seat majority in the Senate and the House.
• 34:57
  Like it's like 3 or 4 seats that they have.
• 35:01
  So that has to be a little bit bipartisan.
• 35:02
  They have to reach across the aisle and get some Democrats,
• 35:06
  Democratic senators to sign up to the strategic reserve.
• 35:09
  Trump can do it via executive order.
• 35:12
  But again, that's only temporary.
• 35:14
  As soon as the next president gets sworn into office, they can
• 35:17
  he can just reverse the whole Trump strategy.
• 35:20
  So just to kind of give you guys a quick recap, what he said in
• 35:23
  Nashville, he essentially promised that under his
• 35:27
  presidency, the United States would not sell any more of their
• 35:31
  Bitcoin. But to make it a strategic
• 35:34
  reserve or stockpile, they would need to go through Congress.
• 35:40
  So there there needs to be some type of bipartisan this that is
• 35:44
  going to be proposed. The country did get give him a
• 35:48
  mandate with this, you know, a popular election victory and
• 35:53
  also control of the House, the Senate and the executive branch.
• 35:58
  Is it going to be enough? I don't know.
• 36:00
  But I what I will say also is that it will reveal who stands
• 36:06
  where, right? I don't know if you guys
• 36:08
  remember, but the Republicans tried passing an anti central
• 36:12
  bank digital currency bill and it was very partisan in terms of
• 36:17
  who voted who, who who voted for what.
• 36:21
  The Democratic Party, again, not all of them, but by and large
• 36:25
  voted against a bill that would essentially make it illegal for
• 36:29
  a central bank digital currency in the United States.
• 36:32
  Right. And then, of course, we all
• 36:34
  remember Elizabeth Warren and her hostility towards Bitcoin.
• 36:39
  In my opinion, I think that they do want to create some type of
• 36:42
  central bank digital current monopoly.
• 36:45
  So will they be able to kind of reach a bipartisan agreement to
• 36:51
  really get this through not only the House but also the Senate
• 36:55
  and then eventually land on Trump's desk so he can sign it
• 36:59
  into law? I don't know.
• 37:01
  We shall see. I think he's definitely going to
• 37:03
  give it a try. But you know, whether it gets
• 37:05
  passed or not, whether it gets passed into law, I think it's
• 37:09
  really going to expose who in the legislative branch is
• 37:16
  against Bitcoin is against this movement.
• 37:18
  And this last election, guys, we won 48 out of the 48 elections
• 37:26
  for pro Bitcoin candidates. So make no mistake, Bitcoiners
• 37:31
  are part of the donor class in Washington and our influence is
• 37:35
  going to continue to grow by the day.
• 37:38
  And if it doesn't workout on the federal level, we all have to
• 37:41
  remember to Dennis Porter has been doing incredible work on
• 37:45
  the state level to really push forward this idea of a strategic
• 37:50
  reserve in the LED in the legislative brand.
• 37:54
  The legislation in Pennsylvania, there was a representative that
• 37:59
  introduced a bill that would essentially allow the state of
• 38:03
  Pennsylvania to make Bitcoin a strategic reserve asset on the
• 38:07
  state level. And now if that happens, you
• 38:10
  have competition. And also according to Dennis
• 38:13
  Porter, this was breaking news that happened when we were at
• 38:15
  the adopting Bitcoin conference. Apparently there's ten other
• 38:19
  states that are looking to follow in the footsteps of
• 38:22
  Pennsylvania. And then we saw a back and forth
• 38:26
  between Dennis and Senator Cynthia Lummis on X, where
• 38:30
  essentially Cynthia Lummis was saying, hey, the federal
• 38:32
  government has to get its act together or we might get left
• 38:36
  behind by by the states. And then if this happens, ladies
• 38:40
  and gentlemen, you're going to start to see a domino effect
• 38:44
  like no other on an international level where you're
• 38:47
  going to see multiple countries piling into Bitcoin for fear of
• 38:52
  getting left behind on a competitive and a strategic
• 38:55
  level by the United States. So this is very exciting.
• 38:59
  This is Bitcoins incentives playing out in real time.
• 39:02
  This is what Max Kaiser called the global hash war.
• 39:07
  It's a race to get as much Bitcoin as humanly possible, not
• 39:11
  only on the international stage, also on the corporate stage, and
• 39:17
  also on the individual stage. And what's really awesome about
• 39:20
  this guys is that there's only 21 million Bitcoin, so it's
• 39:26
  going to get absolutely bananas. I'm really, really excited.
• 39:29
  Something that I tweeted out yesterday was that essentially
• 39:34
  like I think if we break 100K this year, and I mean we were
• 39:40
  very close, we had 90. Eight.
• 39:41
  We might break 100K today, Nico. Yeah.
• 39:44
  So if we break 100K this year, I think that there's a very high
• 39:49
  probability that we are going to go, we're going to blow past 200
• 39:53
  K next year because you're just telling me 100 like a 2X like in
• 39:58
  a year, like on the, on the mania year, because you know,
• 40:02
  the mania year is the year after the halving year.
• 40:05
  You know, I, I think, I think Bitcoin tends to do the exact
• 40:08
  opposite of what everyone thinks.
• 40:10
  I think we're going to have a great 2025, especially with all
• 40:13
  these things happening in the background.
• 40:16
  It's extremely exciting. Anyways, guys, let's get to
• 40:18
  news. We have lots to talk about.
• 40:20
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• 42:45
  All right, let's get to the news.
• 42:47
  All righty then guys. So we do have a saga for you
• 42:51
  guys. Remember, Nico, I think might
• 42:53
  have been one of the first ones to say this, that I remember
• 42:57
  saying that essentially in 2021 when we got the China ban of
• 43:02
  Bitcoin mining, etcetera, that we saw the Bitcoin price
• 43:06
  basically crumble. Well, you know, this is old,
• 43:10
  this is the old headline. So some saga here.
• 43:12
  China's been banning Bitcoin at in the past, of course declares
• 43:16
  all cryptocurrency transactions illegal.
• 43:19
  And then just showing you the chart here of the China mining
• 43:22
  ban, you can see here in the dots is where the the hash rate
• 43:27
  left China when they hit that ban and it dipped.
• 43:30
  And you can see that that was basically the end of the 2021
• 43:34
  bull market. And then of course, it
• 43:36
  recovered. And now we're at all time high
• 43:37
  hash rate and the price is at all time high as well, which
• 43:40
  just goes to show that Bitcoin, it never dies.
• 43:43
  It just continues to go on. Now, part of this saga we've
• 43:46
  been covering this year is that slowly but surely we've been
• 43:49
  seeing that China is kind of doing a backflip on this.
• 43:52
  They're kind of, you know, turning around their, their
• 43:55
  rhetoric in regards to Bitcoin. Of course, the 1st news that
• 43:58
  came out this year was that Hong Kong announced a spot Bitcoin
• 44:02
  ETF. Obviously mainland and Hong Kong
• 44:05
  are different entities, but as Nico was kind of mentioning,
• 44:08
  it's kind of a soft launch of China's take on Bitcoin and how
• 44:12
  they're slowly but surely embracing Bitcoin.
• 44:14
  And, and we saw that the numbers responded very quickly.
• 44:18
  You know, Bitcoin spot ETF in Hong Kong hit $2 billion
• 44:21
  literally days after it launched.
• 44:23
  And so you can see that, of course, there is a not only a
• 44:27
  need but a want for Bitcoin in China.
• 44:29
  And we're seeing that it seems like the executive class, you
• 44:33
  know, the government out there is starting to change course on
• 44:36
  Bitcoin. We did get a kind of rumor from
• 44:38
  David Bailey that apparently the CCP legislature that proposed
• 44:43
  the the China mining Bitcoin ban was fired recently.
• 44:48
  So is this trends of what's going on?
• 44:51
  We don't really know. Obviously we're in the US.
• 44:53
  We're just kind of following the news as it comes along.
• 44:55
  But we did get an interesting story come out yesterday in
• 44:58
  regards to what is happening in China.
• 45:00
  So we have a Shanghai court saying that crypto ownership now
• 45:04
  is legal under China law amid the Bitcoin price surge.
• 45:08
  So in a recent lawsuit, a Shanghai judge wrote that crypto
• 45:11
  currencies and remember, if you guys been watching for a while,
• 45:15
  when you hear people from China say crypto currencies, it's kind
• 45:19
  of that like cover. It's like that you know octopus
• 45:22
  ink squid where they they say crypto but really they mean
• 45:26
  Bitcoin anyways have the attributes of property and thus
• 45:29
  holding it is legal. So in a Shanghai court, they
• 45:34
  released an opinion stating that the personal ownership of crypto
• 45:36
  currencies is not against Chinese law, offering explicit
• 45:39
  legal clarity for crypto holders on the mainland amid the price
• 45:44
  run up. Soon Jay, a judge at the
• 45:48
  Shanghai Song Jiang People's Court, wrote in an article
• 45:52
  published on Shanghai Highs People's Court official WeChat
• 45:55
  account this week that it is not illegal for individuals to hold
• 45:59
  cryptocurrency, even though Chinese business entities are
• 46:02
  not allowed to take part in cryptocurrency investments or
• 46:06
  token issuance. Quote at will.
• 46:08
  The comments were part of a case review for a recent lawsuit
• 46:10
  involving disputes between two companies about an initial coin
• 46:13
  offering, which is considered illicit financing in China.
• 46:17
  Going on a little bit I, I, I can't show the screen, but this
• 46:21
  is the article here. Beijing sees cryptocurrencies as
• 46:24
  a threat to financial stability, and commercial activity related
• 46:27
  to these assets remains banned on the mainland, which has put
• 46:30
  their legal standing in doubt. As a virtual commodity with the
• 46:34
  attributes of property, cryptocurrency ownership is not
• 46:36
  prohibited by Chinese law. Sun rope.
• 46:39
  This does not extend to businesses, however, as it can
• 46:42
  disrupt economic and financial order or act as a payment for
• 46:45
  illegal activities. According to the to the judge
• 46:48
  and last quote that that is why laws and regulations always
• 46:51
  maintain a high pressure crackdown on speculative
• 46:54
  activities in cryptocurrency trading.
• 46:57
  So you can see that slowly but surely the rhetoric and the
• 47:01
  narrative around Bitcoin is starting to change.
• 47:03
  Even in China, where of course, this is a core, it's not coming
• 47:07
  down from the CCP, you know, higher ups, but you're seeing
• 47:10
  that slowly but surely they are changing their tune.
• 47:13
  I mean, I forget how many times China has banned Bitcoin at this
• 47:15
  point. I think it's like 180 or no,
• 47:18
  that's the obituaries. I think it's like 7.
• 47:20
  I like to say 180, but you can see that for the longest time in
• 47:23
  Bitcoin, even when I got into Bitcoin trying to ban Bitcoin
• 47:27
  like 5-6 times. And now it's been like a meme
• 47:29
  that every time China bans Bitcoin, that's where the meme
• 47:32
  came out that you can't ban Bitcoin.
• 47:34
  You can only ban yourself from Bitcoin.
• 47:36
  And even when China did the mining Bitcoin ban, I forget I
• 47:40
  was someone on the show and I'm, I'm I'm blanking on the name
• 47:43
  Nico, but someone came on the show and said something very
• 47:46
  interesting that yes, the government may have banned
• 47:49
  Bitcoin, but they don't talk about what they and this is kind
• 47:52
  of like the verbatim quote, like they don't talk about what they
• 47:54
  put under the mattress. And when he was saying that he
• 47:56
  was talking about Bitcoin is that a lot of the people in
• 47:59
  China obviously love Bitcoin. You know, they see the tech
• 48:03
  future that is Bitcoin and what it will allow.
• 48:05
  And even though the government is fighting Bitcoin, all of the
• 48:08
  mining in China didn't didn't up and leave and all of the holders
• 48:12
  in China didn't sell their Bitcoin.
• 48:14
  They're still hodling their Bitcoin.
• 48:16
  But the panic that that narrative of Bitcoin mining
• 48:19
  being shut down, it did affect the last bull run.
• 48:22
  Now it seems in this bull run. This is kind of why we keep
• 48:25
  saying this time might be different.
• 48:26
  Not only is it ETFs and the acceptance from corporations and
• 48:30
  even the conversation from the US about a Bitcoin strategic
• 48:33
  reserve, but we've seen all of the crazy over leveraging of
• 48:37
  like the FTX and the Celsius, the the Mount Gox coins, Those
• 48:41
  are all been cleared out. It looks like Bitcoin has a
• 48:44
  incredible launching pad for 2025.
• 48:47
  And now if we see the game theory start to play out,
• 48:50
  because we've been hearing grumblings about this as well,
• 48:52
  because ever since Trump kind of announced that he's embracing
• 48:55
  Bitcoin, he wants to make America the crypto hub of the
• 48:58
  world. You're seeing that other leaders
• 49:00
  from other nations are having to very quickly pivot on their
• 49:04
  Bitcoin stance. And of course, this is coming
• 49:06
  from a Shanghai court. So it's not coming from, you
• 49:09
  know, the heads of the CCP in China.
• 49:11
  But you're seeing that now you're you're basically, you
• 49:15
  know, setting yourself up for disaster if you're going to
• 49:17
  continue to fight when America seemingly is going to embrace
• 49:20
  Bitcoin and and Russia's basically embracing Bitcoin.
• 49:24
  And so you're seeing the game, the game theory play out or
• 49:27
  what's Kaiser always call the hash war playing out in real
• 49:30
  time, where if you're not embracing Bitcoin or looking at
• 49:34
  Bitcoin legitimately, then you're really shooting
• 49:38
  yourselves in the foot and you're and you're setting up not
• 49:40
  only your your government, but your citizens to become second
• 49:44
  class citizens. If your country embraces
• 49:46
  Bitcoin, then like we've been saying the whole show it.
• 49:50
  That is a cheat code to continue to propel yourself forward into
• 49:53
  the 21st century. And so it's upon all of the
• 49:57
  corporate CE OS and executive suites to embrace Bitcoin.
• 50:00
  It's upon all of the nation states to legitimately look at
• 50:03
  Bitcoin, even though it does kind of, you know, lessen their
• 50:06
  power. This is the Trojan horse of
• 50:08
  freedom after all. And so even with that being
• 50:11
  said, they have to embrace Bitcoin.
• 50:13
  Obviously, as an individual, we we always recommend you embrace
• 50:16
  Bitcoin. We all, you know, quote UN quote
• 50:18
  hashtag front ran Wall Street, we've front ran and the nation
• 50:22
  states. And this is the beauty of
• 50:25
  Bitcoin. It's literally a cheat code.
• 50:27
  You just need to understand what Bitcoin is enough so that you
• 50:30
  can buy Bitcoin, store Bitcoin and use Bitcoin.
• 50:33
  Because it's becoming very obvious that this next end of
• 50:36
  this decade, going into 2030, there's going to be two classes
• 50:40
  of people here, those that embrace Bitcoin and those that
• 50:43
  don't. Or as Nico always says, Bitcoin
• 50:45
  or slavery. You're either a bitcoiner or
• 50:47
  you're CBDC maxi. And it seems like we are at the
• 50:50
  fork in the road. And again, I think this is going
• 50:53
  to set up an incredible 2025 bull run.
• 50:55
  Like Nico just said, you know, we're basically at 100K today.
• 50:58
  It's at 98 right now. You know, we're we're another
• 51:01
  all time high as the show goes on.
• 51:03
  If we get 100K by the end of this year, like 200 K that that
• 51:08
  that that seems like peanuts in regards to what Bitcoin bull
• 51:11
  runs are like. So it's going to get crazy.
• 51:14
  The price is probably going to run at an incredible pace.
• 51:17
  We're going to see incredible announcements of huge people,
• 51:20
  CEOs and nations adopting Bitcoin in 2025.
• 51:23
  And again, just kind of circling back to what Jack Mahler said,
• 51:26
  you know, 2025 is looking like it's going to go down as one of
• 51:31
  the dates that change financial history.
• 51:33
  And it looks like China, you know, even though it's on a
• 51:35
  court level, they're starting to wake up to the fact that, hey,
• 51:38
  maybe we can't no longer fight Bitcoin.
• 51:41
  It's very obviously property. It's not an illegal thing.
• 51:44
  Maybe we kind of have to embrace this, but grudgingly.
• 51:47
  Remember, even when Gary Gensler released the Bitcoin spot ETFs,
• 51:52
  he was kind of fighting it. And he taught a class at MIT.
• 51:56
  So it looks like everyone is slowly but surely bending the
• 52:00
  knee to Bitcoin. Of course, these are just the
• 52:02
  bread crumbs until these big final announcements come out.
• 52:06
  But again, I think 2025 is just it's man, it's really blowing my
• 52:10
  mind, Nico. It really does feel like this
• 52:12
  time is different. So what's your thoughts on this
• 52:14
  Shanghai court ruling? And of course, you were on the
• 52:16
  beat. You were.
• 52:17
  I think you might have been the first one talking about the
• 52:19
  China mining ban stopping the Bitcoin bull run of 2021.
• 52:22
  And this time for 2025, it seems like most of that FUD and
• 52:27
  uncertainty and all of the crazy speculations and over leveraging
• 52:31
  is completely cleared out. So it looks like the rocket ship
• 52:36
  is being fueled and ready to blast off Nico.
• 52:40
  Yeah, I mean, it's like another example of the kind of
• 52:42
  Microsoft, you know, CEO, like everyone eventually bows down to
• 52:46
  the king. And the king, of course, is
• 52:48
  Bitcoin. And you know, China's no
• 52:50
  different. You know, Microsoft, they have
• 52:53
  to do it because, you know, again, they want to be, they
• 52:56
  want to be competitive as a company.
• 52:57
  They have to provide shareholder value on an international scale.
• 53:00
  Like China sees the United States as a competitor.
• 53:03
  And if the United States is gaining an edge over China
• 53:06
  because they're adopting a, they're adopting a Bitcoin
• 53:08
  strategy, you know, Chinese government has no choice but to
• 53:13
  change their stance on Bitcoin. And it seems like that's the
• 53:16
  case here. It's not surprising like
• 53:19
  whatsoever. And eventually, you know, every
• 53:21
  country or any individual, eventually you bow down to the
• 53:25
  king because number go up. Technology is irresistible.
• 53:30
  You, you can't deny it. Like the I love when central
• 53:33
  bankers like Bitcoin isn't money.
• 53:34
  And it's like, yeah, well, I'm looking at the price and it's at
• 53:36
  $98,155 right now. The market is deciding that
• 53:43
  Bitcoin is money. You don't get to decide what
• 53:45
  money is. The market gets to decide what
• 53:47
  money is and the market is speaking.
• 53:50
  So, you know, number go up eventually makes everyone bow
• 53:53
  down and you either get on the train and you start benefiting
• 53:56
  from Bitcoin or you get left behind.
• 53:58
  Now, the problem for a lot of these totalitarian governments
• 54:01
  is, you know, and Alex Godstein wrote an excellent an article
• 54:05
  like kind of referencing this stuff called Bitcoin is a Trojan
• 54:08
  horse for freedom. Like problem is like they want
• 54:12
  to benefit from number go up, but they don't want the freedom
• 54:15
  go up that goes along with it. So, you know, they want to
• 54:18
  benefit from it, but they don't want to, they don't want to give
• 54:21
  their citizens the freedoms that that Bitcoin gives.
• 54:25
  You know, so you kind of see a lot of these totalitarian
• 54:27
  countries, whether it's China or Russia, the way that they kind
• 54:30
  of phrase the laws, it's, it's funny.
• 54:32
  It's like, you know, you can only mine without, with
• 54:35
  government approval or you know, you can, you can't, like you
• 54:39
  could buy it on exchange, but you can't take self custody.
• 54:41
  So it's stuff like that. And you're going to start to see
• 54:44
  that as time progresses because and and you start and you saw
• 54:47
  this in the United States, right.
• 54:49
  Thankfully, we had a positive election for the industry in
• 54:52
  terms of the Tory environment. But you saw this in the United
• 54:55
  States as they tried to attack Bitcoin self custody, and we say
• 55:00
  it in the beginning of the show when we know when we were
• 55:02
  talking about Bitcoin. Well, like self custody is the
• 55:05
  revolution. Self custody is what is going to
• 55:09
  fundamentally change the world because it separates money from
• 55:13
  state. And if you have five, 1015% of
• 55:16
  the population holding their wealth in in an indebasable
• 55:22
  currency, undebasable currency that is censorship resistant,
• 55:26
  that gives those individuals a tremendous amount of power.
• 55:30
  And I think that's what governments are fundamentally
• 55:33
  afraid of. You know, as much as they pose
• 55:35
  that, you know, we're governments by the people for
• 55:37
  the people. No, no, no, I think Fiat has
• 55:39
  Frankenstein that and it's really, really made it
• 55:43
  governments by by the government for the government.
• 55:47
  And until we separate money from state, that's always going to be
• 55:50
  the case in my opinion. And this is really where Bitcoin
• 55:53
  changes things. But this is the genius of
• 55:56
  Satoshi when he created, you know, Bitcoin the way he did and
• 56:01
  the way that it's structured with the halving that causes the
• 56:04
  supply shock that makes the number go up with bitcoins
• 56:08
  absolute scarcity is that even if you're the most totalitarian
• 56:12
  evil regime in the world, you cannot resist Bitcoins number go
• 56:17
  up incentives. And This is why we always said
• 56:20
  we said this so many times on simply Bitcoin.
• 56:23
  You know, I'm bullet I'm more bullish on incentives than I am
• 56:26
  on coercion. And I think that's why
• 56:28
  fundamentally, in the long run, Bitcoin will rin.
• 56:31
  Anyways, I do. Wait, wait, wait.
• 56:32
  Nico, hold on, hold on. Sorry.
• 56:34
  Breaking news. Breaking news.
• 56:37
  Gary Genzer is officially stepping down January 20, 2025.
• 56:43
  Absolutely incredible. We we were hearing rumors about
• 56:47
  it and now it's official. It's official on Twitter.
• 56:50
  Wow, Nico, maybe 2025 is going to be a late year.
• 56:54
  Yeah. I mean, he wanted a front run.
• 56:56
  The you're fired by Trump. I know.
• 56:59
  And he he, you know, he wrote a a giant thread as to kind of
• 57:03
  justifying why he's doing it. He doesn't want to get fired.
• 57:07
  I don't blame him, but I think Gary Genser did a terrible job.
• 57:12
  It was extremely political his, you know, his stint in
• 57:17
  government. And I think that, you know, the
• 57:20
  release of the ETF was completely botched.
• 57:24
  It was like his account got hacked.
• 57:26
  It was like, yeah, the ETF is approved.
• 57:28
  And then he said, no, it wasn't approved.
• 57:30
  And then the next day it was approved.
• 57:33
  And you just saw the price of Bitcoin fluctuate because of
• 57:35
  that. Like, it's like the SEC's job is
• 57:39
  to stop people from manipulating the market, but they themselves
• 57:42
  manipulated the market by taking such a political stance.
• 57:46
  So, you know, this is great. This is why this election, we
• 57:50
  got so much heat on the show for talking about it.
• 57:53
  This election was so, so important because of the
• 57:58
  regulatory consequences that it was going to have for the
• 58:02
  Bitcoin industry in the United States.
• 58:03
  And I believe a lot of this pump that you're seeing is a Trump
• 58:07
  pump. I believe, you know, Gary Genzer
• 58:10
  quitting that again that that is because Trump is going to be
• 58:14
  sworn into office in January 20, January 20th.
• 58:18
  So yeah, very, very exciting stuff overall.
• 58:21
  But anyways, guys, I do want to give a very special shout to our
• 58:25
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• 59:00
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• 59:05
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• 59:09
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• 59:13
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• 59:16
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• 59:49
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  your tickets. All right, everybody, let's hit
• 1:00:09
  the culture. We have lots to talk about
• 1:00:10
  today. All right, everybody, I do want
• 1:00:24
  to give a shout out to the Orange pull apps Stack friends.
• 1:00:27
  Who stacks that guys? Usually what tends to happen
• 1:00:31
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  The Orange Pull app is for you. You pull up.
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  So again, if you're traveling for a conference, perhaps the
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  events near you. To get started, scan the QR code
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  on your screen or check the link in the video slash podcast
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  description. Anyways, I want to kind of open
• 1:01:22
  up the conversation and double back to what we were talking
• 1:01:24
  about in terms of the strategic Bitcoin reserve.
• 1:01:27
  Also the capability, the probability of it happening.
• 1:01:31
  So before I do that, I have a video of Senator Cynthia Lamas,
• 1:01:35
  the Bitcoin Senator of Wyoming, on legacy media talking about
• 1:01:39
  just that. Let's check it out as the
• 1:01:42
  proposal that I have and that President Trump has discussed
• 1:01:49
  about a strategic Bitcoin reserve or strategic Bitcoin
• 1:01:53
  stockpile where the United States would acquire and hold
• 1:01:58
  Bitcoin for 20 years. Because of the way that Bitcoin
• 1:02:03
  has been appreciating since inception, this would be an
• 1:02:07
  asset that could help shore up the US dollar as the world
• 1:02:11
  reserve currency and serve as a reserve that could be used to
• 1:02:19
  reduce the national debt significantly.
• 1:02:23
  You know, the American people are still hurting from
• 1:02:25
  inflation, from high prices, and they want the national debt
• 1:02:30
  reduced. These are ways to do it with an
• 1:02:34
  asset that is immutable, can easily be held by the federal
• 1:02:38
  government in a variety of vaults, and that states can
• 1:02:43
  participate in as well. So this is the gold standard
• 1:02:48
  digital asset, and a strategic Bitcoin reserve is the way to
• 1:02:53
  embed it. You know, we got off the gold
• 1:02:55
  standard a long time ago. My question is how much you
• 1:02:58
  would spend tax dollars at a time when we're talking about
• 1:03:02
  trying to reduce costs, How much would you spend on Bitcoin?
• 1:03:06
  As part of this reserve, we wouldn't have to spend any new
• 1:03:11
  dollars. We have reserves at our 12
• 1:03:15
  Federal Reserve banks, including gold certificates that could be
• 1:03:19
  converted to current fair market value.
• 1:03:23
  They're held at their 1970s value on the books and then sell
• 1:03:28
  them into Bitcoin. That way we wouldn't have to use
• 1:03:33
  any new dollars in order to establish this reserve. the
• 1:03:36
  United States already holds over 200,000 Bitcoin in the asset
• 1:03:41
  forfeiture funds, so that would be the initial source of
• 1:03:46
  Bitcoin. So no new money spent on this
• 1:03:49
  reserve. So let's talk about the
• 1:03:54
  probability of this actually happening.
• 1:03:56
  Adam back earlier on the week said that if this word, he could
• 1:04:00
  foresee A7 figure Bitcoin. By the way, I completely agree
• 1:04:05
  with him. Like I said guys, this would
• 1:04:07
  start a domino effect of just massive FOMO.
• 1:04:12
  But it's not retail, it's not institutions.
• 1:04:15
  Nation states, nation states with money printers, money
• 1:04:19
  printers go Burr and they use that Burr money to buy Bitcoin.
• 1:04:23
  It would be bananas anyway. So you think the micro strategy
• 1:04:27
  stock going crazy right now is interesting?
• 1:04:30
  Can you imagine when nation states start competing for 21
• 1:04:35
  million Bitcoin? It's going to be insane.
• 1:04:39
  I don't think that this is a question of if it will happen.
• 1:04:43
  I think it's a question of when it will will happen according to
• 1:04:47
  Polymarket. Polymarket is a like betting
• 1:04:50
  odds website, just a betting website.
• 1:04:52
  They were extremely accurate in predicting the 2024 election
• 1:04:58
  much more than the pollsters. It reached an all time high
• 1:05:02
  really. I mean in the beginning, but I
• 1:05:03
  think this is just the launch of it.
• 1:05:05
  But essentially it reached an all time high of a, of a, of, of
• 1:05:10
  Trump creating a national Bitcoin reserve and it hit a
• 1:05:14
  peak of $0.48. So almost a 58% probability it
• 1:05:21
  reached that in at 10:00 AM this morning.
• 1:05:24
  Now it's back down to around 39%, but as you can see, it's
• 1:05:30
  been ticking up and I'm sure this has a lot to do with
• 1:05:34
  Senator Cynthia Lummis doing the rounds on legacy media and of
• 1:05:39
  course, Jack Mahler's talking about it publicly as well.
• 1:05:43
  Guys, I truly believe in memeing something into existence.
• 1:05:48
  We have meme to the Bitcoin price to where it is today.
• 1:05:52
  Memes are extremely powerful and the reason I'm saying this is
• 1:05:56
  the more we talk about it, the more we make noise about it, the
• 1:06:00
  higher the probability of it becoming like actually real.
• 1:06:06
  Because at the end of the day, politicians, you know, they
• 1:06:09
  don't do stuff just out of the goodness of their heart.
• 1:06:12
  They do stuff because they think they're going to get re elected
• 1:06:15
  or they think that what they're doing is popular.
• 1:06:17
  So the more that they see that we're actually very serious
• 1:06:21
  about this number one free Ross, you know, after that, you know,
• 1:06:24
  this becoming a like a strategic reserve, you know, the the
• 1:06:28
  higher probability of it becoming reality.
• 1:06:31
  And one last thing I'll say is, you know, this is bullish for
• 1:06:37
  price. I would say bearish for
• 1:06:39
  revolution. Ideally you want individuals
• 1:06:42
  holding Bitcoin. The more individuals in terms of
• 1:06:45
  the percentage, the percentage of individuals taking self
• 1:06:49
  custody within a nation state, the better it is for Bitcoin.
• 1:06:54
  So the better it is for freedom. In general.
• 1:06:58
  The the we want, we want smaller government, we want less control
• 1:07:04
  of government over our our, our lives.
• 1:07:07
  And the way that you do that is by taking sovereignty back and
• 1:07:10
  taking the funding mechanism of government.
• 1:07:13
  And the funding mechanism of government, it's not taxation
• 1:07:17
  because they spend a lot more than they collect in tax revenue
• 1:07:20
  every year. It is the money printer.
• 1:07:23
  And the way that we kind of just end that whole shenanigan
• 1:07:26
  peacefully is by individuals opting out of Fiat money
• 1:07:31
  entirely. And you know, Fiat money loses
• 1:07:34
  its power if people aren't using it, if people don't use Fiat.
• 1:07:38
  Like the reason the US government is able to print as
• 1:07:41
  much money as they do is because it is a global reserve currency.
• 1:07:45
  Zimbabwe tried to do the same thing and they ended up with
• 1:07:49
  $100 trillion bill. Like hyperinflation.
• 1:07:52
  Venezuela tried to do the same thing.
• 1:07:54
  Argentina tried to do the same thing.
• 1:07:55
  You see this over and over again when when governments truly
• 1:07:59
  believe they could just hit the money printer and you know, it's
• 1:08:02
  everything's fine and dandy. No, the reason the US
• 1:08:05
  government's able to do this is because the dollar is in such
• 1:08:08
  high demand. If the dollar starts to decrease
• 1:08:11
  in demand and Bitcoin starts to increase in demands, then it
• 1:08:15
  kind of acts like a check, right?
• 1:08:17
  It it forces the government to take control of the spending.
• 1:08:21
  Now here's the thing, and I applaud Elon and Vivac for the,
• 1:08:25
  the, the so-called, you know, the doge, the government
• 1:08:28
  efficiency office or whatever. They're going to go in there and
• 1:08:31
  they're trying to going to try to cut federal spending by two
• 1:08:34
  trillion. Here's the thing.
• 1:08:37
  I think that is 1/2 measure at best.
• 1:08:41
  I would never bet against Elon. I mean, the guy invented self
• 1:08:44
  driving cars and self landing rockets, but at the same time,
• 1:08:49
  that's four years, four years, you have another election,
• 1:08:53
  right? Who's to say that you don't have
• 1:08:56
  the opposite of Vivec and Elon going in there and saying, you
• 1:08:59
  know what, hey, guys, you tried, this is great, and we're right
• 1:09:03
  back at where we started. The problem is the fact that the
• 1:09:07
  government has this unique ability of being able to create
• 1:09:10
  money for free that the rest of us have to work for.
• 1:09:14
  And that causes a tremendous amount of injustice.
• 1:09:17
  And it enables theft by the state.
• 1:09:20
  And it disproportionately affects the lower and middle
• 1:09:24
  classes the most because the lower and middle classes are the
• 1:09:27
  classes that don't have the means to save in assets.
• 1:09:30
  Therefore, when the government prints money, they don't benefit
• 1:09:34
  from asset inflation. Inflation is one of the most
• 1:09:37
  insidious evil taxes the world has ever seen because it affects
• 1:09:43
  people that need money the most, which is the lower and middle
• 1:09:47
  class. So anyways, very bullish on this
• 1:09:50
  strategic reserve. It's being talked about.
• 1:09:53
  But I mean, Senator Cynthia Lummus, to give her credit, she
• 1:09:56
  hasn't introduced a bill. It was bipartisan with Senator
• 1:09:59
  Gillibrand, the regulatory bill. That bill never got anywhere,
• 1:10:03
  right. So, you know, how much is Trump
• 1:10:06
  going to be able to do from the executive branch?
• 1:10:09
  Does he have the necessary support in the Senate and in the
• 1:10:14
  House? We shall see.
• 1:10:16
  According to Pauly Market, they give it a 30, a 30% chance or
• 1:10:20
  so. I wouldn't even give it that
• 1:10:22
  high. I, I would say it's going to be
• 1:10:23
  very, very, very, very difficult.
• 1:10:26
  Anyways, Opti, what do you think?
• 1:10:29
  Yeah, well, I am a little conflicted on the the Bitcoin
• 1:10:34
  reserve strategy. On the one hand, I love it
• 1:10:37
  because it's obviously kicking off the nation state FOMO, you
• 1:10:41
  know, the global hash war. It it's happening right now and
• 1:10:44
  you're seeing that ever since that announcement has came out.
• 1:10:47
  It is obviously making ripples and waves around the world.
• 1:10:51
  Now everyone kind of has to take Bitcoin seriously.
• 1:10:53
  And if you don't, well, you know, if you're not the first
• 1:10:56
  mover, then you're absolutely getting wrecked.
• 1:10:58
  And, and this is what we're seeing play out.
• 1:11:00
  So on that level, I, I truly love that the conversation
• 1:11:03
  around Bitcoin has fundamentally changed.
• 1:11:06
  And so I'm, you know, a huge supporter of, of that happening.
• 1:11:09
  And, and we also knew that this was going to happen, right?
• 1:11:11
  Like if you've been in Bitcoin long enough, as the meme goes,
• 1:11:14
  Bitcoin is for enemies. We knew that it wasn't just
• 1:11:17
  going to be individuals, that it was going to be corporations and
• 1:11:20
  institutions and nation states eventually fumbling into
• 1:11:23
  Bitcoin. And I, maybe I am kind of being
• 1:11:26
  a little bit of a hypocrite here because I was applauding when El
• 1:11:29
  Salvador announced Bitcoin legal tender and them kind of adding
• 1:11:33
  Bitcoin to their balance sheet. So like I knew it was going to
• 1:11:36
  happen. But as we see the US do it, yes,
• 1:11:39
  this is a good thing for the narrative shift or the rhetoric
• 1:11:42
  around Bitcoin. But I'm also here and one of the
• 1:11:44
  things that kind of got me to Bitcoin in the 1st place is just
• 1:11:47
  understanding how the Fiat system works and, and, and
• 1:11:50
  legitimately just thinking that it, it is very nefarious by its
• 1:11:54
  nature. You know, the, the Federal
• 1:11:55
  Reserve created in 1913, literally under the cover of
• 1:11:58
  Knight pushed through Congress over a holiday weekend.
• 1:12:03
  And ever since then, for the last 100 years, we've been using
• 1:12:06
  a money that is literally designed to steal from us.
• 1:12:09
  And it, it, it's got us into this perpetual debt slavery.
• 1:12:13
  And This is why as a Bitcoiner, I do think that fundamentally,
• 1:12:16
  you know, on a long enough time frame that Bitcoin will surpass
• 1:12:20
  the Fiat dollar. Now, with that being said, if
• 1:12:24
  the US does add Bitcoin to their reserve strategy, stockpile,
• 1:12:29
  etcetera, it kind of seems to me like it's going to fundamentally
• 1:12:33
  keep the Fiat dollar around longer.
• 1:12:35
  Now, is that a good or a bad thing?
• 1:12:37
  Personally, I'm, that's not really what I'm here for.
• 1:12:40
  I think, you know, as we've been saying for for a long time, and
• 1:12:43
  I Nico, Nico always quotes this better, but I think it was Ron
• 1:12:45
  Paul that said, like it is no coincidence that the last 100
• 1:12:48
  year, the year of Fiat money is the bloodiest century.
• 1:12:51
  And so, you know, seeing the US embrace Bitcoin, I think this is
• 1:12:55
  good for the number go up aspect.
• 1:12:57
  It's good for the, the rhetoric and the maturity of Bitcoin as
• 1:13:01
  an asset and a money. And now people have to take
• 1:13:04
  Bitcoin seriously. And so on that note, I, I, I
• 1:13:07
  obviously think it's a good thing now on the perpetuation of
• 1:13:11
  the, of the dollar, the Fiat money system, It does make me
• 1:13:14
  feel a little weird to be honest, because I, I think
• 1:13:18
  Bitcoin is superior money. I, you know, I think on a,
• 1:13:20
  again, on a long enough time frame, Bitcoin will surpass past
• 1:13:24
  the dollar and adding Bitcoin to the treasury, it feels like it's
• 1:13:29
  kind of continuing to give life to the dollar.
• 1:13:31
  So that on that is kind of my concern.
• 1:13:34
  And on the next part, you know, like we've said it before about
• 1:13:37
  Bhutan and El Salvador, that they're the only two countries
• 1:13:40
  in the world that have acquired their Bitcoin without violence
• 1:13:44
  and theft. And all of the Bitcoin that the
• 1:13:48
  US government holds it basically been stolen from individuals.
• 1:13:51
  And now if they do, you know, switch that and add it to their
• 1:13:55
  reserve strategy, they get the profit off of it.
• 1:13:57
  I don't know, it makes me feel a little weird on that regard.
• 1:14:00
  But on the flip side, essentially, and Sailor, Sailor
• 1:14:04
  tweeted this this morning, you know, sell the old and buy the
• 1:14:08
  future. And I think this is where we are
• 1:14:11
  right now. You know, the dinosaurs out
• 1:14:13
  there, the traditional financial world, the old paradigm is
• 1:14:15
  starting to wake up to a new paradigm, which is Bitcoin.
• 1:14:18
  And if they want to stay ahead, you know, if they want to at
• 1:14:22
  least maintain their lead in regard to world reserve currency
• 1:14:25
  status, their their lead in regards to 1st world countries,
• 1:14:29
  like they're going to have to embrace Bitcoin just period.
• 1:14:33
  Like they have to embrace Bitcoin.
• 1:14:35
  And if they do do it correctly and essentially, you know,
• 1:14:38
  minimize all of the regulatory obstacles that that Bitcoiners
• 1:14:42
  have had to hula hoop through and jump through for the last
• 1:14:45
  couple of years, I think that is going to benefit American
• 1:14:49
  citizens. And then as that ripples out
• 1:14:51
  every other country that embraces Bitcoin and has more of
• 1:14:54
  a like laissez faire mentality in regards to Bitcoin and just
• 1:14:58
  treats it as money, that's going to obviously not only increase
• 1:15:02
  the purchasing power of the citizens, but it will also
• 1:15:05
  increase what we like to call, you know, freedom go up
• 1:15:08
  technology as well. So on the one hand, on the
• 1:15:10
  number go up side, yes, I think this is a good thing.
• 1:15:14
  It's going to pump our bags and, and you know, if, if the US
• 1:15:16
  government actually start printing money to buy Bitcoin,
• 1:15:19
  like not only are they going to ensure their own demise by
• 1:15:22
  devaluing the Fiat dollar, but the Bitcoin price is going to go
• 1:15:25
  up. So it's like, it's kind of one
• 1:15:27
  of those like stuck in a, in a hard, what's a rocking a hard
• 1:15:30
  place right now where it's like, we knew this was going to
• 1:15:32
  happen. Will they go so far as to print
• 1:15:35
  money to buy Bitcoin? We're not there yet, but I think
• 1:15:38
  with them changing their their view on Bitcoin and kind of
• 1:15:41
  looking at it as a legitimate thing to hold in people's
• 1:15:44
  portfolios or rather to use as money, the conversation that's
• 1:15:48
  fundamentally shifted and now everyone has to take Bitcoin
• 1:15:51
  seriously. So on the one hand, you know,
• 1:15:53
  number go up is going to continue to go up and and
• 1:15:55
  probably more than we can even imagine because we still have
• 1:15:58
  kind of PTSD from the last bull run.
• 1:16:00
  But with that, I think comes that Trojan horse of freedom
• 1:16:04
  where if more people are using Bitcoin, actually using Bitcoin
• 1:16:07
  and not like a ETF product or you know, a product like like
• 1:16:11
  MicroStrategy, just getting exposure to the price and people
• 1:16:15
  use Bitcoin, then it's in unstoppable train and more
• 1:16:18
  people will get on to freedom money.
• 1:16:20
  And then we can actually secure and do what Satoshi set out to
• 1:16:24
  do in the 1st place is to usher in a new hard money standard
• 1:16:27
  that also with it comes, you know, censorship resistant,
• 1:16:31
  something that cannot be debased.
• 1:16:33
  And with that, I think we will see a new I, I don't know if you
• 1:16:38
  can call it a second Renaissance or whatever, but we will see a
• 1:16:40
  new glory age on planet Earth, and I'm here for it. 100
• 1:16:44
  percent, 100% anyways guys, we're getting to the top of the
• 1:16:47
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• 1:16:48
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• 1:17:00
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