Latest / Simply Bitcoin / BREAKING: Fidelity Rumored to File Bitcoin ETF | EP 761

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BREAKING: Fidelity Rumored to File Bitcoin ETF | EP 761 · Simply Bitcoin

0:11
I'm just simply Bitcoin live, very number one source for the
0:14
peaceful Bitcoin revolution of the code.
0:16
Breaking news, culture me Maddock Warfare.
0:19
We will be your guide through the separation of money and
0:22
stay. Today is June 1920, 23 again,
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not a coincidences, I don't believe in coincidences.
0:32
Shortly after BlackRock announced that they were going,
0:37
they're planning to file. To launch a Bitcoin ETF shortly
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after that it came out breaking news which were going to cover
0:48
today. That that Fidelity is looking
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into launching their own ETF as well.
0:56
We had a narrative back in 2017 and this was kind of like the
1:02
narrative that was going about while the price of Bitcoin was
1:05
crashing in 2018 you know the it's like no that bull markets
1:09
going to keep on going. And that narrative, it never and
1:13
I never forget, I never forget it.
1:14
And that narrative is the, the institutions are coming.
1:20
The institutions are here, both Fidelity and BlackRock, they
1:25
have trillions of dollars that with the T trillions of dollars
1:29
under management. And they wouldn't be doing this
1:35
unless they felt, they had the necessity to do this and we know
1:38
that Fidelity has been been around for quite a while we know
1:42
that they've been mining Bitcoin as well.
1:46
So we're going to get into the details of this.
1:48
What the consequences of this are and also we are bitcoiners
1:53
at the end of the day, right? So we're going to give you the
1:55
Bitcoin angle, right? So even though the institutions
1:58
are here, we also have to remember that, you know,
2:02
BlackRock and the CEO Larry Fink is a big fan of the ESG
2:07
movement. He is, you know, he's part of
2:10
The continuing are conference which you know, everyone knows
2:14
as the world economic Forum, so these aren't necessarily friends
2:20
of Bitcoin, right? But the reason that they're
2:22
saying this and this is the part that I want you guys to focus
2:25
on. They're doing this better said
2:28
is because Bitcoins incentives are irresistible and that's what
2:32
I want you guys to focus on because this is why we are going
2:35
to win. We are going to win because
2:37
Bitcoins incentives are superior.
2:41
To anything that they might throw at us.
2:44
The only thing they have left is coercion, right?
2:47
And they kind of stilled the riding on the coattails of that
2:52
legitimacy that they built up, you know, over the years over
2:55
the decades but that that legitimacy It's starting to
3:00
crack. The Matrix is starting to break
3:03
a little bit. When the guy in the suit on TV,
3:08
goes on to the podium and he starts talking to you and they
3:12
start asking him very, very basic questions.
3:15
Why 2% inflation? And this is a highly educated
3:19
individual. You, these are peace.
3:21
People are not stupid or when the European Central Bank is
3:25
coming out with me. Maddox basically saying that the
3:28
cause of inflation. Because workers are asking for
3:31
more money. You start to see the cracks in
3:36
their legitimacy. You start to question their
3:39
narrative, you start to wonder, wait a second like do these
3:43
people really know what they're talking about.
3:48
The metaphorical curtain gets pulled from you know the scene
3:51
from The Wizard of Oz right? Who is The Wizard of Oz and the
3:54
curtain gets pulled and you see it's just a man pushing buttons
3:58
and levers and stuff. That's what's happening right
4:01
now. Bitcoin is highlighting.
4:05
Their bullshit and their bullshit is being exposed for
4:10
the world to see and mind you. The same thing is happening.
4:15
Not only on the, on the money front but the same thing is
4:18
happening on the information front as well, right?
4:22
And we're going to cover those two topics today.
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The legitimacy of these organizations of these
4:29
institutions that, you know, our parents, our grandparents have
4:32
trusted, trusted, they Been around for decades and decades
4:37
and decades. They're being called into
4:39
question because of the internet, the internet started
4:43
the fire and then Satoshi Nakamoto came along and poured a
4:48
gallon of gasoline with an orange logo on it that orange
4:53
logo is Bitcoin. And then, it started a big ass
4:56
motherfucking bonfire and that bonfire is the bonfire freedom
5:00
and truth and prosperity. And this is why we're here.
5:04
And anyone who's against that is against Freedom.
5:09
It is against equality in the monetary Network, in the
5:14
monetary system, they want a system of privilege.
5:19
They want a system where a group of Elites get to print money for
5:23
free that everyone else has to work for.
5:26
They want a system where a group of Elites gets to pick and
5:31
choose who's entitled to use money and who's not entitled to
5:36
use money. Bitcoiners want a system of
5:39
equality. Where no man should have the
5:44
privilege and the ability to create money for free.
5:46
That another man has to work for no man.
5:51
Should have the ability to send sensor.
5:54
Another man's money, another man's living that is the world
5:59
that were fighting for. That is the world that we want.
6:02
That is the world that we want our children to grow up in.
6:07
And anyone who's against that, it's straight up fucking evil.
6:12
That's what I got to say about that.
6:14
But anyways, it is Monday. I wanted to start it off strong.
6:17
Here's my legendary co-host. Always optimistic.
6:20
How you doing Opti? I'm doing wonderful, bro.
6:24
I can tell you how to great weekend cuz we're coming in
6:27
strong with the Anika Jones red. It's gonna be a good week.
6:30
It's going to be a good week and man is really interesting to
6:34
watch the floodgates open up as a bit corner.
6:37
That has heard the rumors for since I got into Bitcoin, you
6:41
know the institutions are coming to Shinzo kind of this
6:43
traditional over here. But now the here I think I think
6:49
it's undeniable obviously they've been here.
6:52
I was saying this over the weekend that you know BlackRock
6:56
and friends had to learn about Bitcoin somehow so they're
6:59
obviously lurking around and reading about Bitcoin and maybe
7:02
even watching simply Bitcoin who knows they are paying attention
7:06
to this. Signal, because anyone that is
7:09
awake right now. Anyone that is looking around at
7:12
the current Financial landscape, they all know what we know there
7:17
is a problem and they need a solution because even if they
7:21
have literally more money than countries, they have to find a
7:24
way to secure that moving into the future if they want to
7:27
maintain their power. And of course, hey we know
7:30
Bitcoin is for enemies. Bitcoin is the wit best way to
7:32
store their value and they had to research it.
7:36
So they been here They've been lurking.
7:38
And now I think this again I think I think we've been saying
7:41
this for a while, I think a lot of us bitcoiners have a lot of
7:44
PTSD, considering the last bear market and we just like, we are
7:50
being very conservative with our numbers looking into the future.
7:55
But I think this next Bull Run is going to be absolutely crazy
7:57
to the upside. And on that note, I do have for
8:00
the culture today, an article by Marty bent.
8:02
I do have some charts here guys. So forgive me.
8:04
I might do some Tea Leaf reading for you guys, but But I am
8:08
fundamentally convinced that we are making it out of the bear
8:11
Market, but I really want to kind of cover some of the stuff
8:14
that Marty bent the thin covering on his newsletter and
8:16
showing to everyone that this bear Market is been a great bear
8:20
market for bitcoiners because hold on, hold on, bitcoin is the
8:25
building in the bear Market. So Beautiful to see a beautiful
8:28
to be a part of and I think the next year to going into the
8:31
having and a little bit after the having man You're just going
8:34
to be happy that you're stacking.
8:36
Continue to stack them SATs, man.
8:38
Absolutely, absolutely continue to stack those SATs.
8:42
Don't sell, don't sell your Bitcoin, a black rock, don't
8:45
sell your Bitcoin to Fidelity, don't be that guy, don't be that
8:50
person. Hold on to those SATs.
8:53
Hold onto those SATs for dear life, because your life might
8:56
depend on it. Anyways, everybody.
8:58
No more delay. Let's jump straight into
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hundred thirteen billion dollars with a be in the grand scheme of
11:00
things. Bitcoin is still a Maybe.
11:03
Anyways, this is what I want to talk about today.
11:06
I was talking about it in the very beginning about the
11:08
legitimacy of these institutions.
11:10
Whether it's the the institutions of Fiat money are
11:14
crumbling before our eyes, but we're living through something
11:17
that in my opinion, is equally, as important, right?
11:20
Is that the, the institutions of information, right?
11:24
Of which governments have co-opted in order to sell the
11:28
public, on an official Narrative of which that narrative Is it
11:33
can't it can't exist with debates.
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It can't exist without their Monopoly on it.
11:41
And this is actually a tweet that I think I came out in
11:44
April. I said, we are witnessing the
11:45
complete collapse of the corporate media's legitimacy
11:48
without their previous Monopoly on mass distribution.
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They have to compete with the general public on equal footing.
11:54
We saw this with Tucker Carlson when Tucker Carlson was, was in
11:57
the reason I like to talk about Tucker's because Tucker was one
12:01
of the only, Mainstream media are sorry.
12:04
Better said, they're not because they're not mainstream anymore
12:07
Legacy. Corporate media broadcasters the
12:11
most popular one. I might add that regularly
12:14
brought on bitcoiners like nine buchelli like Marty bet like
12:20
Michael sailor, like Max Keiser and he was let go.
12:24
And what was the reason that he was let go?
12:26
He was let go because he was going against the official party
12:29
line. Now, what happened after he let
12:31
go and this is what I was talking about.
12:33
In this tweet, his show got bigger.
12:35
He started publishing directly to you using Twitter as a
12:39
platform and his show. His first show got over 100
12:43
million views. His average show on Tucker
12:47
Carlson tonight which is the most popular Legacy Media show.
12:50
You got 3.5 to 4.5 million average viewers that I can't do
12:57
the math off the top of my head. But it seems like the Twitter
13:00
numbers absolutely crushed his previous.
13:03
A and you know what? He's not beholden to an
13:05
organization. He disintermediated, Fox News,
13:09
he went directly to you, right? And this is the power of the
13:13
internet. So a lot of the narratives,
13:15
right that the, you know, that the state or in we're about to
13:20
talk about certain about certain companies.
13:25
It can't really, they can't really stand.
13:28
They can't really stand on their own without the censorship
13:31
without the Monopoly on. Information, it's breaking
13:34
before our eyes and here's something that happened over the
13:36
weekend, right? This is Joe Rogan, the most
13:40
popular broadcaster in the world, right?
13:42
11 million average listens per episode and he challenged, Peter
13:52
hotez, who is a PhD. And he basically said, he
13:57
tweeted this out, he said, Spotify has stopped even sort of
14:00
trying to stem Joe Rogan's. Pandemic misinformation, it's
14:06
really true that that gas that Joe Rogan brought on is just
14:12
awful. And from all the outline attacks
14:14
I'm receiving after the Absurd podcast.
14:16
So here again, you have Joe Rogan going against the official
14:21
narrative and then Joe said, listen, Peter, if you claim what
14:25
RFK Junior was saying and RF K Jr, not only spoke at Bitcoin
14:30
2023 in Miami. But he's also in second place
14:35
for the Democratic presidential candidacy of 2024.
14:39
So, Joe Rogan goes on to say, Peter, if you claim what RFK jr.
14:43
Is saying is misinformation, I'm offering you a hundred thousand
14:46
dollars to the charity of your choice.
14:49
If you're willing to debate him on the show with no time limit
14:53
and then mind you this bet. Because a lot of other people
14:56
piled on now it's in the millions of dollars that could
14:59
potentially be donated to charity.
15:03
And guess what? You still, he stole the clients
15:07
and the reason that he declines is, I'm going to go back to the
15:11
original tweet. That I said, we are witnessing
15:13
the complete collapse of the corporate media's legitimacy
15:16
without their previous Monopoly on mass distribution.
15:19
They have to compete with the general public on equal footing.
15:23
They're not used to people talking back to them tie this in
15:27
with what happened, with the New York Times, the New York Times,
15:31
released their hit peace. Papa Ganda article and they said
15:36
Bitcoin miners are bad for the environment bitcoiners slap
15:40
back. And we said, hey Pierre, Richard
15:44
specifically said, hey here's a video.
15:49
Bitcoin miner is actually don't release any CO2 emissions.
15:53
The New York Times slap back and tried to community.
15:56
Note it and said yes they do. And then the bitcoiners fought
15:59
back in these and and they got that Community note removed,
16:02
right? These institutions are not used
16:06
to that and when I say institutions, I'm talking about
16:09
government's, I'm talking about powerful corporations.
16:13
I'm talking about Central bank's, right?
16:17
And then what does that the what does that do?
16:18
The forcing function is that. If you don't tell the truth, if
16:23
you don't have the facts on your side, people are going to call
16:28
out your bullshit, but these people have been used to
16:31
operating in a way. When there was no mechanism
16:35
where the masses could go out and say, you know what you're
16:38
doing, you're fucking lying, the hive mind of the internet is
16:42
calling out their bullshit and what this does is that it
16:45
empowers you it empowers you tremendously because even if you
16:50
don't have a large following you have the ability every tweet
16:55
that you like every meme that you make.
16:59
Every video that you make possibly it functions as a
17:04
weapon. As a mortal metaphorical weapon
17:07
in this narrative, trench warfare that were fighting every
17:10
single day in the Battlegrounds of the internet to win over the
17:13
hearts and minds of people and get them to wake up to this new
17:17
reality that it is not left versus right.
17:20
It is not Democrat versus Republican, at least in the US
17:24
or any, you know, in the political parties in in your, in
17:28
your country. What this is really about is the
17:32
party of Truth, Prosperity, Peace and Freedom which is
17:37
Bitcoin versus the party of green, which is a party of
17:42
Destruction proverty, Despair and slavery, which is Central
17:47
Bank, digital currencies, and Fiat, and this is working.
17:51
This is working, as was shown, when Pierre, Richard debunked,
17:56
the New York Times. But most importantly, here's
17:58
Bill, a Ackman. Bill Ackman.
18:02
He is a very, very wealthy individual.
18:04
And I think this describes this tweet describes exactly what is
18:09
happening with most people. He said, put aside any
18:12
preconceived notions about Robert F Kennedy jr.
18:16
And listen to The Joe Rogan podcast with an open mind, one
18:20
of the most powerful and mind opening interviews that I have
18:23
ever heard. My uninformed impression of RFK
18:28
RFK Interview was an anti peda mcwhat.
18:32
Wacko conspiracy theorist, three hours later I'm intrigued to
18:36
learn. I have been told by people who
18:39
meet me for the first time that they had a vastly different
18:42
perception of me from from what they have read or seen in the
18:47
media, I have similar. I am similarly guilty of falling
18:50
for consensus media narratives about people or situations that
18:55
I haven't had the time to examine and in pedagogically
18:58
despite My efforts to avoid this trap.
19:01
I am going to be even more disciplined.
19:04
About accepting the conventional wisdom, without completing my
19:07
own independent, empirical assessment.
19:10
I encourage you to do the same. The Great Awakening is upon us
19:16
and it is literally cause it is the, the sole cause of this is
19:22
the internet. It is empowering people to go
19:26
around the intermediaries and go directly to the source.
19:30
And when they do that, You start to question.
19:35
Wait a second. This RFK guy.
19:38
What he's saying, doesn't sound so naive.
19:41
It doesn't sound so crazy. It doesn't sound so absurd. and
19:47
the freaking out because of that that's what the B Administration
19:51
wanted to implement the ministry of Truth here in the u.s. even
19:54
though we are explicitly protected by the first amendment
19:57
that is why the US government was asking Twitter to pull down
20:03
certain tweets even though that is explicitly against the First
20:07
Amendment, Because they're losing their Monopoly on
20:10
information and in the, we're in the infancy.
20:14
We're in the very beginning of them, losing their Monopoly on
20:20
money as well. And those two things are
20:22
happening simultaneously and it's causing chaos.
20:26
People are just people, don't know what to do, and especially
20:29
people like Bill Ackman people. Maybe, maybe your older family
20:33
members, maybe family members that are still relying on On
20:39
these institutions that, by the way they've betrayed that trust
20:43
these institutions, we are supposed to trust them that is
20:46
the job of a journalist. To be unbiased to be ethical in
20:53
their reporting. But what they have shown over
20:56
the last two or three years, maybe even longer Is that these
21:02
institutions are not in the business of Journalism.
21:07
These institutions are in the business of propaganda.
21:12
These institutions are in the business of narrative control.
21:18
It is not me saying that Tucker has said this before and Tucker
21:23
has said this to and he was the most popular, the most popular
21:29
broadcaster for Fox News and he was let go He has said this and
21:40
they fired him for it and he said in his very, very famous
21:44
clip that we've played for you guys.
21:45
Many times on this show, this is what I've come to realize.
21:51
Is that I was part of the problem.
21:54
I was being used to sell the public on narratives that are
21:58
not true. So what can you do as an
22:02
individual take agency? Take personal responsibility not
22:07
only over the storage of your wealth by taking Bitcoin into
22:11
self custody but also do your own.
22:16
Excuse my language fucking research.
22:20
Don't trust us, don't trust anybody verify And there you
22:26
will find the truth. Don't trust one single source of
22:29
information. Don't trust CNN, don't trust,
22:32
Fox News, don't trust what the guy on TV has to say, remember
22:37
what they were telling us there will be no inflation.
22:42
Remember that shit. We heard it loud and clear and
22:47
loud. It was very is very apparent.
22:50
And then what happened, there ended up being a lot of
22:53
inflation and I don't even want to get into the things that have
22:57
happened during the pandemic. I don't even want to go down
22:59
that rabbit hole. But there was a lot of things
23:04
that said that they said that didn't end up being true and
23:10
remember the article by nine buchelli.
23:13
Remember that article, because, that article is a very, very,
23:16
very, very, very, very powerful article, And in the name of the
23:21
article, the name of the article is don't drink the elites
23:24
Kool-Aid. I'm going to read you.
23:26
This last passage, I'm going to pass it on to.
23:28
I'm going to pass it on to Opti because you guys have to
23:31
understand where we are in the movie, and we're you and what,
23:35
what part you have to play in all of this.
23:37
Because if you are awakened, if you are using money, that
23:41
doesn't steal from you. It is your responsibility to
23:45
pass that on to the person next to you, because this is how we
23:49
win. If enough people buy Bitcoin
23:52
earn Bitcoin Bitcoin and take that Bitcoin into self custody,
23:56
we will win this thing and there is nothing they could do about
23:59
it. Anyways, name, Will Kelly goes
24:01
on to say the most vocal detractors.
24:03
The ones who are afraid. And pressuring us to reverse our
24:06
decision are the world's most powerful Elites.
24:09
And the people who work or benefit from them, they used to
24:13
own everything. And in a way, they still do the
24:15
media, the bank's the ngos, the international organizations, and
24:19
almost all the The governments and corporations in the world.
24:22
And when that, of course, they also own the Army's, the loans,
24:26
the money supply, the credit, the credit ratings, The
24:28
Narrative, the propaganda, the factories of food supply, they
24:32
control international trade and international law, but their
24:36
most powerful weapon is the control of the truth and they're
24:41
willing to fight lie smear destroy sensor, confiscate print
24:46
and do whatever it takes to maintain and increase their
24:49
control. Over the truth and everything
24:52
and everyone. They are losing and that is why
24:57
there is desperate as they are. And you know what?
25:00
I got to say to that, push forward.
25:03
Keep on the pressure and we will fucking win this thing Opti.
25:11
Oh, man, it's Monday and we get some Nika Jones.
25:15
Ran straight to the main vein. Let's go.
25:19
Well, first and foremost, I'm not gonna lie.
25:21
I'm a little surprised that we did Cover The Joe Rogan stuff.
25:24
this morning cuz we try to avoid, you know, all the I don't
25:29
even know, I'm not even going to say it, you know what I'm
25:31
saying? Anyways, you did say a point
25:34
though, the two things that are unraveling in real-time
25:39
information and money at the same time, it's almost like they
25:42
are the same thing and one feeds the other, which I think, as a
25:47
Bitcoin or someone that watches this show, we've covered this a
25:50
lot. But I think this is one of those
25:51
points that gets lost on the average person a lot, and this
25:55
is why we continue to beat that drum, and hopefully get that.
25:59
Did you cross two more people but we've also been covering the
26:02
thread that what we just covered today.
26:04
Highlights the importance of independent content creators
26:06
around the world. I don't know about you, but
26:10
personally, I've been thinking this for a long time and now it
26:13
seem like this signal is, spreading far and wide.
26:16
Just the complete legitimacy of corporate press is starting to
26:20
go mainstream and more people are waking up to the idea that
26:24
they cannot trust. Their favorite TV channel, the
26:26
corporate press because they're not telling Telling you the
26:29
truth, they're basically incentivize to lie to you to
26:33
spread a narrative and now considering that we have the
26:36
internet that everyone to on social media that we can all
26:39
congregate and talk about what we believe to be the truth
26:43
signal. Starting to spread and more
26:45
people are waking up and it does really feel like it is the Great
26:48
Awakening happening in real-time.
26:50
I was saying this for a while, I don't know, a few years ago and
26:54
now at the time I was kind of like, wow, maybe I'm reading
26:58
into This. But now, it really does seem
27:00
like more people are waking up again.
27:02
Maybe I'm just part of my own Echo chamber and I'm seeing what
27:06
I want to see but it really does feel like people have had enough
27:09
with the lies and are waking up to the nonsense.
27:11
That is Corporate journalism. Of course, you know it's very
27:14
hard for me to like try to convince maybe my mom or my
27:17
dad's age people but even they start to realize, wait, there's
27:21
something that just doesn't add up here and that Bill Ackman
27:25
tweet is very interesting. He said, Thing that I think has
27:31
bitcoiners really enjoy at least on Twitter, we call Twitter the
27:34
battleground of ideas but it's something that I've noticed
27:37
recently in regards to just like the normal mainstream culture is
27:43
that? No one is willing to hear out
27:45
the other side and he finally heard the opposing side on a
27:48
very popular platform and having an open mind versus just
27:52
fighting tooth and nail shows that more people, have a lot
27:57
more in common than differences. And I think the
28:00
divide-and-conquer tactics that we've all experienced the last
28:02
couple of years aren't working as well anymore, because again,
28:06
what do we always say about memes and about the Bitcoin
28:08
message? We have the truth on our side
28:10
and if you continue to propagate a lie, even if it's a huge lie
28:15
for a long amount of time, people will finally start to
28:18
wake up once the cracks start to show.
28:20
And I think this is where we are in the story.
28:21
And I think this is just kudos to every single one of you guys
28:25
that not only is creating content, but I can content
28:29
sharing the content having these conversations in real life,
28:33
because people are waking up and I really do believe that human
28:37
consciousness is at a very pivotal moment right now.
28:39
And people are starting to at the very least, see the light or
28:43
on the flip side, start to feel the pain and what do we know and
28:48
human psychology? Once you start to feel the pain,
28:50
you start to look for answers and people are waking up and
28:53
looking for answers because they could only dig their head in the
28:56
sand for so long and the Is out there and people do need to just
29:00
look for it. And they can't rely on the
29:03
credentialed class, to give them the truth, because they have
29:06
basically ruin their own legitimacy, their own
29:09
credentials, and no one's believing the BS anymore.
29:12
And so people are looking for Alternatives and man, it's just
29:16
crazy, you know, say I see some people that aren't fans of
29:19
Tucker Carlson in the chat and again say what you want about
29:21
him but the point still stands his show is even more popular
29:24
now on Twitter than it ever was on Fox News and that is
29:27
obviously terrified. Vying to the people that control
29:30
truth that have the Monopoly on information.
29:33
So continue to spread the signal continued to understand the true
29:37
power that you have as an individual out there.
29:40
And that not only means taking your information your Bitcoin
29:44
into self custody, but it means adding to the signal and
29:48
piercing through the noise because the only way they can
29:51
basically confuse more people is by adding so much noise that you
29:55
don't know what's up from down. So continue to spread the
29:59
Continue to have these tough conversations with your friends
30:01
and family and continue to make the memes and make the content
30:05
and share the content like the content.
30:07
Because this is what we have. Like there's we have powers and
30:11
numbers and we have the information in the truth on
30:13
their, on our side. And even though they have the
30:16
trillion dollar sign up campaign against us, they can't stop
30:19
this. So let's go, yeah, let's let's
30:22
frickin go. I'm going to borrow a RFK jr.
30:27
It's his uncle. Right.
30:29
It's his uncle. That that was a that was
30:32
assassinated right? It was JFK.
30:35
Yes. It was his uncle and his dad.
30:38
I mean yeah it's okay. This is Uncle.
30:40
His dad was also murdered. So I'm going to borrow a line
30:43
from JFK speech, right? Ask not what Bitcoin could do
30:48
for you. Ask what you can do for Bitcoin.
30:52
Anyways, everybody let's jump straight into the news.
30:55
We got a lot to talk about the. Check it out.
30:59
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We appreciate you guys and we try to take the time to answer
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them all even though there's quite a bit of them.
32:26
Anyways, everybody let's jump. Straight into the news.
32:30
We got a lot to talk about some crazy.
32:33
Crazy rumors. Shout out to our friends over at
32:35
Bitcoin magazine, they tweeted this out specifically, shout out
32:39
to Nick, can't mine. I see you bro.
32:43
He tweeted this out at June. Sorry at 757, am it goes on to
32:48
say new four point five trillion dollar Fidelity rumored to file
32:53
for spot Bitcoin. ETF race is heating up and then
32:57
it's the eyes. Eyes and the rocket ship.
33:00
So we did a little bit of research and we tried to find
33:04
more data about this. But of course, I think if
33:07
Bitcoin magazine is yunos tweeting this out.
33:10
I think, you know, that's some signal today.
33:13
But anyways, so it goes on to say, the headline for is a
33:15
crypto slate, article for audio listeners is Fidelity rumored to
33:19
make seismic crypto move soon. Goes on to say rumors are
33:24
Fidelity will buy out grayscale or file a spot.
33:27
Bitcoin. Eat Application.
33:29
As rock as Black Rock did last week.
33:32
It goes on to say Fidelity is rumored to be planning a seismic
33:35
seismic move in the crypto markets.
33:37
According to Andrew Parish, co-founder of our public.
33:41
The asset manager firm describes itself as a crypto curious
33:45
having mine Bitcoin since 2014. By 2018, it launched a separate
33:50
cryptocurrency, dedicated business Fidelity, digital
33:53
assets, which has, since received a near trust Charter
33:56
and launched its European. Operations in 2020, examples of
34:00
FDA initiatives include its Fidelity, crypto offering
34:04
enabling users to trade Bitcoin and etherium alongside
34:07
traditional stocks pushing for 401k digital asset investing.
34:11
And remember, I think this was over the target when they did
34:14
this. Because the anti Bitcoin Senator
34:17
Senator, Elizabeth Warren, went out to say publicly, we don't
34:21
want Fidelity, pushing people pushing people to buy Bitcoin
34:26
with their 401k. Don't want people doing that and
34:30
of course if she's an anti Bitcoin Senator by definition
34:33
she doesn't want Bitcoin adoption she doesn't want people
34:36
realizing that. Holy cow not only is Bitcoin an
34:40
investment. Not only is Bitcoin something
34:43
that I could hold. Bitcoin is actually an
34:45
alternative to Fiat money, which I believe is the motivations,
34:50
but behind her, you know, her her stance against Bitcoin.
34:56
Anyways, it goes on to say, say, we must get Elizabeth Warren,
35:00
voted out of office. We must vote her out of office.
35:04
Anyway, we must vote. Anybody on the party of green
35:08
out of office. We need to full, we need to fill
35:11
the Senate and the house and eventually the presidency with
35:15
the party of orange. And we will get Ross, all Bridge
35:19
Pardons, and we will get Julian Assange pardoned as well.
35:23
This is going to happen, we're going to make this happen.
35:26
Anyways, goes on to say, Our suggest that fedele the world's
35:30
third largest asset manager with four point two point four
35:33
trillion dollars under management may be considered
35:36
considering either a buyout of grayscale or an application for
35:40
a Bitcoin spot ETF Parish also speculated that with these
35:44
potential moves and other recent events BlackRock and Fidelity
35:47
could dominate the u.s. digital asset space.
35:50
Crypto slate reached out to Fidelity for further.
35:53
Comment a reply was not received as of press time.
35:56
It goes on to say, A scale, operates 17 cryptocurrency,
36:00
trust compromised of single and multi asset funds.
36:03
The largest by assets under management is the Bitcoin trust
36:07
at sixteen point. Five billion grayscale trust
36:10
products allow accredited investors exposure to the
36:13
underlying crypto assets via shares in the trust like an ETF
36:17
Product grayscale. Trust have sec reporting
36:20
requirements, providing strong, investor protection.
36:23
However, the critical difference is that the that a spot Bitcoin
36:26
ETF would allow for Redemption. Option in Bitcoin something, the
36:30
grayscale Bitcoin trust cannot offer, grayscale has been
36:34
attempting to convert the gbtc to a spot Bitcoin ETF for a
36:38
while however the Security and Exchange Commission denied, the
36:41
conversion leading to grayscale, suing the agency in June 20 22
36:46
and what we suspect, right? We made we've made we've done
36:51
episodes on this is that part of the reasoning as to why the SEC
36:55
allowed a futures? A Bitcoin Futures but not a
37:00
Bitcoin spot ETF is because they can't control it.
37:05
They can't they can't put downward pressure on the price.
37:08
Right. And I believe that is the reason
37:11
right? Because at the end of the day
37:12
what is like the biggest driver of adoption?
37:15
It's ngu technology right? And as soon as you unleash a
37:19
Bitcoin spot ETF I'm going to cover both sides from the
37:23
paranoid Bitcoin, Ur side in a second.
37:25
Which by the way, I'm on the side of but if If you unleash a
37:28
Bitcoin spot ETF all the the the accessibility the amount of
37:35
capital that could potentially flow into Bitcoin.
37:39
Overnight is absolutely absurd. And I believe that's one of the
37:44
reasons as to why they've been so aggressive and then why am I
37:47
saying that? We know how certain Senators
37:51
like, Elizabeth Warren certain members of the House of
37:54
Representatives like, Brad Sherman.
37:56
And we know how the current Stration feels about the entire
38:00
industry. They don't like the industry in
38:03
the eyes of the treasury and the eyes of the current White House
38:06
their future. They believe the future of money
38:11
is Central Bank. Digital currencies statements
38:14
table coins, and payment platforms, both of which stable
38:19
coins and payment platforms. Because they're centralized they
38:22
can co-opt, meaning they can keep going with the grain.
38:28
Rift. And what is the Griff?
38:29
The grift is being able to create money for free that
38:32
everyone else has to work for therefore being able to spend
38:36
more money than they collect in tax revenue there for the V
38:40
wealth, redistribution mechanism of inflation continues taking
38:45
from the lower and middle classes that earn and save and
38:48
Fiat and it's distributed back to the very wealthy that do have
38:53
the means to save and assets. Therefore they benefit from
38:55
asset inflation and it's distributed back.
38:58
The government and I think that's what it comes down to on
39:01
a very basic fundamental level. Anyways, it goes on to say the
39:05
end of the article hot on the heels of BlackRock BlackRock is
39:08
the world's largest asset manager, submitted a Bitcoin
39:10
spot ETF application on June 15th.
39:13
The move was generally seen as as positive for the
39:15
cryptocurrency space including as a bullish price driver and in
39:20
legitimizing the industry. So and I wanted to point out
39:24
some numbers, right? So we have black rock The amount
39:28
of assets and we did an episode on Friday which you guys enjoyed
39:32
apparently, we pointed out Black Rock has 10 trillion dollars
39:37
under management. We pointed out with Fidelity
39:40
four point five trillion dollars under management as well, right?
39:45
And now here's the part that I want you guys to focus on
39:48
because all of this, you can say, Nico, all of this shit is
39:50
fucking noise. Hey, like there's a lot of,
39:53
you're just a lot of. Yes, the Hopi.
39:56
Mm, you know, this is these are articles.
39:58
Like, you know, its actions are expensive.
40:00
Words are cheap, right? This is because it is a public
40:04
company, they have to publicly list this, right?
40:07
These are the top 10 owners of microstrategy ank now,
40:13
Microstrategy Inc has been acting basically like a Bitcoin
40:17
ETF. It's not a Bitcoin ETF, but if
40:20
you look at the price of microstrategy stock, and you
40:23
look at the price of Bitcoin, they're completely correlated.
40:27
So when you get exposure to microstrategy, because they own
40:30
so much Bitcoin, you're getting indirect exposure to Bitcoin.
40:35
Now, take a look at what companies have increased their
40:39
Holdings in microstrategy stock. Take a look at Fidelity.
40:44
They've increased their Holdings by six hundred and sixty-eight
40:50
percent. So it kind of makes sense,
40:54
doesn't it and BlackRock? Of course, they're in there.
40:57
They've increased their Holdings by 2.5 percent.
41:01
And Morgan Stanley Investment Management, they've increased
41:05
their Holdings by 15%. so I can tell you what the straight face
41:14
that Morgan Stanley, BlackRock and Fidelity are bullish on the
41:20
future of Bitcoin because if they weren't bullish on the
41:25
future of Bitcoin, and they wouldn't be buying these stocks,
41:29
would they, they wouldn't be buying microstrategy
41:32
Microstrategy is affected. If the price of the stock goes
41:36
is affected. If the price of Bitcoin goes
41:38
down microstrategy stock is affected if the price of Bitcoin
41:43
goes up. So why is Morgan Stanley?
41:45
Why is Black Rock? Why is Fidelity specifically
41:51
Fidelity, because they really bought a huge freaking bag
41:55
buying this. If they weren't bullish on
41:59
bitcoin and these are some of the strongest most
42:02
well-connected politically institutions in the world and
42:07
like Rustin pull up brought up before we went live.
42:13
Like Nico, I'm 100, I'm almost 100% sure.
42:16
This BlackRock ETF is going to go through and what y was rust.
42:20
And so sure about this because BlackRock owns a part of every
42:25
Fortune 500 company. They have so much power in d.c.
42:29
You have no idea, right? So man, look and then the
42:33
paranoid Bitcoin or side which I forgot to brought up, which I
42:37
forgot to Broad bring up. Yes, there's a downside to this
42:44
and the downside to this is people get comfortable buying
42:47
paper Bitcoin. That's the downside.
42:51
We this revolution happens, if people are buying Bitcoin and
42:56
taking that Bitcoin itself. Custody like that's that's how
42:59
that's how something actually changes right?
43:02
Because if not it's just paper Bitcoin it's Bitcoin that
43:07
someone else holds for you the handful of Institutions.
43:10
Hold that's how they were able to co-op gold.
43:13
So if we want to actually effectuate change.
43:16
It leave it up to you tell your family members tell your
43:19
grandparents. If a Bitcoin ETF gets release
43:22
you say no what are you doing? No no by the real thing.
43:26
If it if it comes down to it be the Uncle Jim in your family
43:31
show them be the person that's like takes personal
43:35
responsibility. It's like, okay, we're going to
43:36
take self custody, I'm going to show you how to do this.
43:40
Take agency. Take action be a part of.
43:43
This is not a kinetic War. Thankfully this is a peaceful
43:48
one. This is information Warfare,
43:51
right? Take action.
43:52
Don't don't sell your Bitcoin to Black Rock.
43:55
Don't get black. Rock your mind.
43:57
You can buy real Bitcoin. Go to Swan.
44:01
Go to the other Bitcoin, only exchanges if you prefer.
44:05
And buy yourself some real Bitcoin and take that Bitcoin
44:08
itself custody and do it with your family.
44:10
Yeah, I guarantee your family will start asking you questions
44:13
in the next two or three years as the price of Bitcoin goes up.
44:16
Like holy cap. Hey, how can I get some?
44:18
And you're like, look, you're gonna get some, you're gonna buy
44:20
some, but then you're going to take that off Exchange in,
44:23
you're going to put it in self custody.
44:26
And then whether they know it or not, they're part of the
44:29
peaceful Revolution. Now, this is about taking your
44:32
power, your energy back. You're taking it back into your
44:35
own hands. Even if your family members
44:38
don't know, they're participating.
44:40
They're participating as soon as they take that Bitcoin and take
44:44
it into social self custody. Anyways, bullish, Monday, crazy
44:49
news. It is a rumor.
44:51
Let's see, let's see if anything happens.
44:53
Anyways Opti what's your take on all this brother?
44:55
Yeah, first on I want to touch on what you said about Reston.
45:00
I think the numbers are that black Black Rock has been
45:03
approved like 575 21 denial so they don't just do anything on
45:10
the whims of maybe this is going to pass or not.
45:13
So that news is almost like guaranteed that that Bitcoin
45:16
spot ETF or trust or whatever. You guys want to actually me in
45:20
the chat is going to pass but fedeli these been in the space
45:24
for a long time. So It should not be surprising
45:27
news, but it does kind of lean into our very tinfoil hat
45:31
conspiracies of like, of course, Black Rock gets the first ETF
45:34
approval and then everyone else follows suits.
45:38
So this just shows that the floodgates are going to open up
45:41
into Bitcoin and I said it last week and kind of got some some
45:44
pushback. I said that the Black Rock Spot
45:47
ETF will legitimize Bitcoin in the eyes of the normies out
45:50
there and they're like we don't need BlackRock to legitimize
45:52
Bitcoin. Just take hat, we need people to
45:54
take Bitcoin this up. Custody.
45:55
D why I fully agree. While us bitcoiners obviously,
45:58
see the writing on the wall. There's still a lot of people
46:01
that need to wait for, you know, the experts, the professionals,
46:05
the credentialed class to make mood before they follow.
46:08
This is just how humans work. I'm just taking humans as they
46:11
are and this is what we're going to see happen in real time.
46:14
So if you are a bit Corner today you basically get the front
46:19
running that by stacking SATs taking Bitcoin into self custody
46:24
because like we know the government I'm going to say no
46:26
to Black Rock and shout out to Elaine.
46:27
Go. Look at her comment she's and my
46:29
opinion completely spot-on. But this also kind of proves and
46:33
this is what I was saying on Spaces on Friday.
46:36
At least to me this also proves that maybe the US government
46:39
isn't going to fight Bitcoin herb and Bitcoin or make Bitcoin
46:42
illegal and maybe this is just me being naive and optimistic
46:45
about it, but maybe this is just the Classic skeptic Bitcoin
46:52
Playbook and the politicians have been posturing like they
46:54
don't like Coin or even the corporations have been
46:58
posturing, like they don't like Bitcoin, you know, you flood
47:00
Bitcoin, you pack your bags and then when your bags are packed,
47:02
you endorse Bitcoin and it seems like we're seeing the same play
47:07
but play out right now with BlackRock.
47:10
And as a bit Corner that's been in a few Cycles, you see this
47:13
same playbook play out all the time, people flood Bitcoin, then
47:17
you hear a little while later that they pack their bags and
47:21
then they endorse Bitcoin. So it's just the Classic play
47:24
book over and over. Over and over.
47:26
So obviously I think it's inevitable that Fidelity will
47:30
probably release their own ETF. Because again, they've been in
47:34
the space for a long time. They've been mining Bitcoin.
47:36
They've been Financial izing themselves around Bitcoin.
47:39
They've seen the writing on the wall, but to the point that Nico
47:42
is saying, you know, I think as bitcoiners, it's important for
47:46
us to not just get caught up in the number, go up aspect of this
47:51
because someone we have a one of our Newfound Skeptics in here,
47:55
that hangs out with. With all the time he's like oh
47:56
it's so funny bitcoiners want the demise of fiat currency and
47:59
yet they price everything in a fiat currency.
48:01
It's like look, bro. Hey for better or worse.
48:04
Things are run in dollars. So, this is how people manage
48:08
and and valued their their purchasing power well.
48:12
And long enough time frame. Everything will be priced in sat
48:16
and we're just in that intermittent phase right now.
48:19
We're in the transition. So as a bit Corner, again, what
48:23
do we say? And maybe this is just a naive
48:25
Bitcoin podcast take but it is stack as many sets as possible.
48:30
Make sure you're taking your Bitcoin into self custody
48:32
because yeah, they do have more money than countries but on a
48:39
long enough time frame. Once everyone realizes what game
48:43
is actually being played the musical chairs, that is the
48:45
financial system, you take your Chips off the table, you put
48:49
Bitcoin into Cold Storage, they can up do the fuckery that we
48:53
know they do in the traditional Financial world.
48:55
And eventually we win as Citizens as the people Bitcoin
48:59
is, people of the money, the most inclusive equal money, most
49:03
Fair money in the world. And all you have to do is just
49:08
take a little bit of your paycheck.
49:09
Take some of your savings, your net worth, and you put it in a
49:12
Bitcoin. You hold it in self custody and
49:15
you show people that they do not want to be holding paper Bitcoin
49:18
or else. We end up right, where we
49:20
started in the beginning was the Fiat world with gold.
49:23
So we have the tools It's really about just explaining to people
49:29
the game that we have these Freedom Technologies right now
49:33
and you don't have to just play along with the status quo.
49:37
So, hey, bullish. But also, it's one of those
49:41
things that we just have to be aware.
49:43
Stay aware, stay vigilant. Keep Your Head on a swivel
49:46
because we don't want to get too bullish or else.
49:50
We might we might wreck ourselves but hey man, Bitcoin
49:53
stays winning Bitcoin incentive Stay With Me.
49:55
In Tick Tock next block. Honey Badger Don't Care.
49:57
Let's go. Anyways, everybody, let's get to
50:03
the culture. We got all that stuff, but look,
50:04
we got a lot to talk about, but wait, but first before we get to
50:08
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thing and get it at Swan. Go to Swan.com era for more
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details and of course, if you any questions, doubts, concerns,
51:51
you can always send me a question.
51:54
On Twitter? DM, or you can hit me up on the
51:56
orange, pull up, whichever you prefer.
51:59
Anyways, Opti, what are we talking about today?
52:01
My friend. Yeah, first and foremost
52:03
context. PSA before you guys throw
52:06
tomatoes at me and say that I am speculating on the price.
52:10
Go read, some Austrian economics.
52:11
All life is speculation. Anyways, I'm going to do some
52:15
Tea Leaf reading kind of, I will give you a few heuristics.
52:18
I do have some charts. I did bring this chart up here
52:21
from coin B shots at the coin B's.
52:22
This was a meme. Last week.
52:25
But this is the context that I want to lay out before I get
52:28
into the Marty been newsletter that I think more people should
52:32
read. Anyways.
52:34
You can see here on the screen if you're on YouTube.
52:36
But for the audio listeners we got the coinbase meme here and
52:39
it goes class or 2021 and 2022. Big Corners.
52:42
If you're still here, congratulations, you just
52:44
endured the toughest bear Market in Bitcoin history.
52:47
The 2015 bear Market was 386 days.
52:50
The 2018 bear Market was 404 days and the Current 2022.
52:55
Bear Market has been 490 days and some people might even
53:00
suggest that we are still in a bear Market, but I think, I
53:03
think it's becoming very obvious that we are not still in a bear
53:06
Market. We're just in the very, very
53:08
early early stages of the next Bull Run.
53:11
Anyways, I was going to cover this last week.
53:15
Well, I've been trying to, but we have so many great guests on
53:17
the show that sometimes I don't get to cover everything as they
53:20
come out, so I do my best to cover them.
53:23
When I have a chance anyways this is Marty bent newsletter I
53:27
highly suggest you guys all go follow him and definitely sign
53:31
up to the newsletter so you guys can get Marty bench thoughts on
53:34
things but this is issue number thirteen fifty and he goes we're
53:37
in the boring part of the bear Market embrace, the prolong bear
53:40
Market. It will be remembered as one of
53:42
the greatest opportunities to convert your Fiat, to bitcoin
53:45
that has ever existed. And he starts off this
53:48
newsletter with a thread that he put out on his Twitter.
53:51
Marty bet and he goes, this is the worst bear.
53:54
Since 2015, but the fundamentals are better than ever.
53:57
You should be embracing this prolong sideways price movement
54:00
because when this Market turned its going to turn on a dime and
54:03
the bear cases for Bitcoin are going to be hard to find.
54:06
I've been saying this constantly on the show for the last couple
54:10
of weeks and now that we all know you know the institutional
54:13
money is at the gates. I think it's becoming very
54:16
obvious that this next Bull Run is going to be absolutely
54:19
marvelous as a Bitcoin hard ler. Anyways, he goes on to say
54:22
Bitcoin mining is becoming Truly embedded in Energy Systems.
54:25
Again, this is something we've been covering on her sub stack.
54:28
Shouts out to my boy, Mike Hobart, multi-institution
54:30
multisig Solutions Rd risking the third party custody risk,
54:34
keeping a lot of money on the sidelines.
54:36
Again we saw what happened in 2022 with all of the shit coin
54:42
casinos and custody zand yield generating platforms blowing up
54:48
and this is why we tell you all the time take your Bitcoin into
54:51
self custody anyways privacy tools are Moving lightning is
54:54
maturing and other. Second layer solution Solutions
54:57
are launching the quote-unquote. Crypto thesis is disintegrating,
55:01
as we are seeing with the SEC, combating all the exchanges and
55:04
Bitcoin is being seen as something completely different,
55:07
there is Bitcoin and there's should coin.
55:10
And now I think this is a nun. Contentious position to have
55:14
right now and all the shit Corners are reading about it and
55:17
calling a state is for it. Anyways, the incumbent financial
55:20
and monetary systems are obviously systemically fragile
55:23
I'll and corrupted Beyond repair.
55:26
And again, as someone that just merely pays attention to what's
55:30
going on, we can all kind of come to an agreement that they
55:33
never fix the problems of 2008 and we are just seeing this
55:38
happen again and again and it will continue to happen because
55:41
they have no fixed to the solution.
55:42
And as Greg Faust says all the time, it is 11th grade math and
55:46
they have to continue to print money anyways, just going into
55:49
this article a little bit, I'm not going to read the whole
55:51
thing. You can do that on your own
55:52
time. There is some good points.
55:53
There he goes. Welcome to the middle.
55:55
I would argue the end of a bear market and Bitcoin for my
55:58
perspective. This is the worst bear markets
56:00
in 2015's in terms. Do how drawn-out have been in
56:03
the overall sentiment around the acid from Outsiders.
56:06
This time should be viewed as a cherished opportunity to stack
56:09
and build long-lasting companies, and not time to panic
56:11
or worry about the fate of Bitcoin.
56:13
Bitcoin fundamentals have never been better.
56:15
And when the market wakes up to this, I think the next Bull Run
56:18
will shock people to the upside. I agree.
56:20
I know, Nico, agrees and Marty been also agrees.
56:23
I Think we all have PTSD right now and the Bitcoin price is
56:26
going to shock is to the upside, we're not going to do any price
56:30
speculation or real price calls, but I think we're going to be
56:33
very happy in the next two years on the Bitcoin price we probably
56:36
still will see another bear cycle and Mark 1 million dollar
56:39
Bitcoin. Oh he's back.
56:41
What? That was Nico, whether we like
56:46
it or not, 22 and crypto. Turn most people who are Bitcoin
56:50
curious away from leaning in the crypto folks have done a good
56:53
Job of making people believe that their Affinity scams are
56:56
the same class as bit Klein, but now it is becoming obvious that
57:00
this isn't the case with all that being said, there has never
57:03
been a better time to lean into Bitcoin than right now.
57:05
I'm convinced that this is the safest time to be buying Bitcoin
57:09
and I've been telling everyone this constantly that now is the
57:13
time to be buying. Yes.
57:14
We might have one more down pool but I still think this is the
57:17
best time to be buying. It's never been safer.
57:19
In my opinion, the fundamentals have never been better and we
57:22
are witnessing the network began.
57:23
In to enter a territory where it is views as systemically
57:27
important for some key factors of our economy.
57:29
Particularly the energy sector again, check out our sub stack.
57:32
We have a bunch of other articles on this same topic.
57:35
The strides the mining industry as made here in the United
57:37
States and globally in terms of getting key players across the
57:40
industry for energy clued in to how Bitcoin mining can be an
57:43
additive Force to the stack cannot be overstated.
57:46
The energy sector has a massive waste problem and Bitcoin miners
57:49
are proving that they are best suited to solve it.
57:52
Whether it's flare. Optimal grid utilization are
57:55
providing a reliable load for demand response programs,
57:58
Bitcoin, miners are bringing more revenue and stability to
58:01
the energy. Producers who work with Bitcoin
58:02
miners or Incorporated directly into their operational stack.
58:08
And one of the things keeping massive amounts of money on of
58:10
capital on the sidelines is a viable custody solution for
58:13
high, net worth individuals and institutions who aren't
58:16
comfortable holding their own keys but also can't stomach.
58:19
Concentrated third-party risk. Again, we saw a lot of the paper
58:23
money. You are paper Bitcoin, get
58:25
cleared out in the last year, we are seeing a lot of Bitcoin
58:28
companies working on this third party custodial solution.
58:31
We're seeing you know the enemy of bitcoiners the black rocks
58:35
and the vanguard's of the world start to dip their toes into
58:38
Bitcoin custody, you know, institutional money Solutions.
58:42
So it is becoming very obvious that Bitcoin is finally growing
58:45
up and going into the mainstream.
58:47
Say what you want. I think this was always
58:50
inevitable. Let's just hope that bitcoiners
58:53
and Entrepreneurs and Bitcoin can out-innovate them and and
58:56
bring the Bitcoin ethos to the everyday person that we are
58:59
constantly seeing happen. At least, if you're following
59:02
the right people on Twitter. Anyways, going on on this
59:05
article, the lightning network is maturing and getting
59:07
integrated into more and more services.
59:09
Whether it be podcasting, distributed Communications,
59:11
protocols protocols the Telecom industry Rai it is becoming
59:15
obvious that the lightning networks ability to achieve
59:17
instant final settlement of small and large payments is a
59:20
massive unlock for the digital economy.
59:23
There's still some Problems to be solved but the entrepreneurs
59:27
are working on it and lightning in my opinion has thoroughly
59:30
destroyed the shit coin narratives, the carrot do
59:33
narrative is disintegrating in real time as project failed to
59:36
provide the utility. They promised and draw the ire
59:38
of regulators. And probably most importantly,
59:41
the in Covenant financial and monetary systems are proving to
59:43
be more systemically fragile than was previously thought
59:47
possible every repo. Spam Brit, banking crisis debt,
59:50
ceiling debacle and inflation. Print is a stark reminder.
59:53
Why Bitcoin exists and you take all this together and it's hard
59:58
not to be bullish on the future of Bitcoin.
1:00:00
Yes, we're not going to speculate on where it's going
1:00:02
but I'm pretty convinced that we can safely say it's going to go
1:00:06
above that six-figure bitcoin price that we've all been
1:00:09
looking at and this prolonged bear Market is an opportunity.
1:00:13
It might be the greatest opportunity for the average
1:00:15
person to continue to stack Bitcoin.
1:00:17
If you are still relatively new to bitcoin, this is the time to
1:00:21
sacrifice to cut back on expenses.
1:00:23
Civ to stack as much as humanly possible.
1:00:27
Obviously stay solvent, do not get over your britches, do not
1:00:30
get overly greedy, do not over leverage yourself, stay humble,
1:00:34
and stacks ads because now is the time that you should be
1:00:38
stacking. Making sure that you have
1:00:40
yourself, custody, Solutions, securely, backed up, all that
1:00:44
good stuff. Make sure you are in a good
1:00:47
position to take advantage of the Bull Run coming because when
1:00:50
the Bull Run comes, it gets absolutely crazy.
1:00:53
Now here, For I get tomatoes thrown at me because uh simply
1:00:56
Bitcoin doesn't speculate on the prices guys.
1:01:00
There is still some good heuristics and we do not endorse
1:01:03
Tea Leaf reading or following ta people on Twitter because no one
1:01:06
knows what the hell is going on and no one knows where the price
1:01:08
of Bitcoin is going, but there is a few heuristics that you can
1:01:13
follow so you can know where we are in the story and one of them
1:01:17
is watching the two hundred daily moving average price, and
1:01:22
whether the Bitcoin price is above Above it or below it.
1:01:25
And the heuristic is basically, if it is above the 200, daily
1:01:29
moving average, you can safely say that we are in a bull run,
1:01:33
and if it is below it, you are in a bear Market.
1:01:36
This has been holding up for as long as the Bitcoin price has
1:01:39
been going. Yes, there's been some scenarios
1:01:41
of Black Swan events that kind of, you know, mess around with
1:01:45
the heuristic. But overall, if you are above
1:01:47
the 200-day, moving average you are in Bull Run territory and we
1:01:51
are safely above the 200-day. Lee Moving average.
1:01:54
So I am, I'm pretty convinced that we are in a bull market.
1:01:58
Obviously, it's the beginning of a bull market, just FYI, I think
1:02:03
we're out of the bear Market, but hey, what do I know?
1:02:05
I have to watch the price like everyone else, but I really like
1:02:08
this tweet from Greg Faust on Twitter and it goes when the
1:02:10
perception of risk is high prices and multiples are low.
1:02:13
Thus actual risk is low when the perception of risk is low prices
1:02:16
and multiples are high that this actual risk is high.
1:02:19
Do not confuse price with risk to not Jim Cramer onward.
1:02:23
#BTC. And just to give you guys some
1:02:28
Hopi. Mm, this is a Hopi.
1:02:29
Mm filled Monday show. Okay, well, well, own up to that
1:02:33
one. Shout out to my boy at BAM, the
1:02:35
Mexican on Twitter and he goes, get ready for what is coming.
1:02:37
And he has the Bitcoin price chart here in the three-month
1:02:41
candles. And you can see that we are in
1:02:44
the first quarter. Well, the first three months of
1:02:48
the bull run and there's a very, very constant.
1:02:53
Return that plays out in the Bitcoin price and it is a lot of
1:02:57
green candles, some red candles, and then pump.
1:03:02
So we're in the beginning of a bull run, I am convinced that
1:03:05
this, what do I know? I just look at my Bitcoin stack
1:03:10
and I just want it to grow and I know that Tick Tock next block
1:03:13
but shots out to Anton, Twitter, 2140, Danny go stack harder
1:03:16
friends right now is the time to be stacking sets if your friends
1:03:19
and family are out there that are scared about the Bitcoin
1:03:22
price. I don't know.
1:03:23
Know what you can do. I remember Schilling, all kinds
1:03:27
of ridiculous stuff last last cycle to try to convince my
1:03:30
friends and family but I am convinced that we are added the
1:03:33
bear market and it's just Now's the Time to audit your behavior,
1:03:39
saving Bitcoin, take Bitcoin into self custody, make sure
1:03:41
that yourself custody Solutions are backed up because when the
1:03:45
bull begins its real run, it gets absolutely crazy and
1:03:49
Bitcoin Twitter loses its mind. I'm sure I'm going to lose my
1:03:51
mind I as much as I tried to stay.
1:03:53
So. Her and give you sober Bitcoin
1:03:55
prediction, I am bull tarded as they come.
1:03:58
So, hey, I'm already giving you my PSA now, I will be literally
1:04:03
losing my mind when the price starts pumping but at least I'm
1:04:06
telling you up front. I know what my bias is.
1:04:08
I think Bitcoin is taking over the world and we're going to see
1:04:13
that happen in real time. Anyways, Nico, I realize I've
1:04:15
been renting for a minute and our time, we might not have time
1:04:18
for the memes today. So I think I think we're going
1:04:22
to have to punt on the memes. Is for today just because we
1:04:27
don't want to rush through them. But before I give my take real
1:04:31
quick, I want to give a very special shout out to our
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They're incredible, dudes. And of course, our clothing,
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can get all this stuff on representing t-dot-com Cam you
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their other merch. That's not a Bitcoin related.
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It's also really, really comfortable.
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It's stylish. It's all that good stuff.
1:05:38
No meme review today because we went a little bit long, but we
1:05:41
did go hard in the paint. I might say, Opti hat is Opti
1:05:45
how to st. Op, T moment, I want to win, I
1:05:48
want a little hard on the pain as well but you know, appreciate
1:05:52
all you guys. So it's a is it was a Monday a
1:05:56
Monday simply Bitcoin Special Hold On and hold on we got Nico
1:06:00
calling a million dollar per Bitcoin stupidly bullish.
1:06:05
Wow I I did not say that I plead the fifth.
1:06:11
You're here is a that I mean it's not, it's not if it's not
1:06:16
when it's not if million dollar Bitcoin, the question really is
1:06:19
when million dollar Bitcoin that that really is the big question,
1:06:24
right? No one knows the answer to that.
1:06:26
All I know is I just got to stay humble Stacks at anyways, guys,
1:06:30
thank you so much for joining us on another episode of Simply
1:06:33
Bitcoin live. I'm your host Nico.
1:06:35
This is my legendary co-host, always optimistic optimists.
1:06:39
The one the only the Miss Fields.
1:06:42
The meme review will be back in full force tomorrow.
1:06:46
Hopefully, we won't run the segments too long.
1:06:50
We just, we just got, we got, we got a little bit carried away.
1:06:53
We got a few Nika Jones, ran a little carried away in
1:07:00
disbelief, a little hard in the paint.
1:07:03
We went a little hard in the paint.
1:07:05
Anyways guys, really really appreciate you tuning in.
1:07:08
We love. We love you.
1:07:10
All will be Back with the meme review tomorrow.
1:07:12
And until then, if you want to join the after party, join us on
1:07:18
Twitter spaces which we host, which we co-host with our
1:07:21
friends over at salon.com. Best place to build your Bitcoin
1:07:25
stack opt, he's going to be holding it down.
1:07:27
If you guys want to join the conversation, just request and
1:07:30
Opti will bring you back and we'll bring you up.
1:07:32
And we're holding that until 2:00 p.m.
1:07:34
Eastern Standard Time until then we love you.
1:07:38
We appreciate you. We would not be here without Out
1:07:41
you we will see you back tomorrow for a brand new episode
1:07:45
of Simply Bitcoin live. Peace out y'all Have you guys
1:07:58
heard? I drop some stuff over here.
1:08:02
ASMR anyways you already know the deal.
1:08:05
This is the simply Bitcoin spaces.
1:08:09
Where we bring up bitcoiners where you the Bitcoin are are a
1:08:12
part of the show. So come up here, give us your
1:08:15
two sets on the show. Make sure your voice is heard,
1:08:18
don't be shy, it is not just about Nico.
1:08:21
And I renting here on our platform, it's about getting as
1:08:25
many Bitcoin takes as possible because if we do not talk about
1:08:30
what is actually happening. If we do not debate the truth
1:08:33
and good faith, then we will never know what is actually
1:08:35
going on in. This is all