Latest / Simply Bitcoin / BREAKING: Billionaire RAISES $13M Bitcoin Price Prediction!! | EP 1261

Transcript

BREAKING: Billionaire RAISES $13M Bitcoin Price Prediction!! | EP 1261 · Simply Bitcoin

• 0:00
  Michael Saylor just went on the national news and changed his
• 0:03
  mind about his original $13 million Bitcoin prediction by
• 0:08
  2045. What if $13 million Bitcoin was
• 0:12
  bearish? Well, today we're going to be
• 0:14
  crunching the numbers with a Bitcoin kegger calculator to
• 0:17
  explain why Michael's 21 year forecast is slowly getting more
• 0:22
  bullish by the day. As Ruston says, let's roll the
• 0:26
  clip. The last six months have been
• 0:29
  tremendous. All of the fundamental planets
• 0:31
  have aligned. Bitcoins been acknowledged as
• 0:34
  the one digital commodity in the world by the administration.
• 0:38
  The banking regulators have given a green light to bank
• 0:42
  Bitcoin. The accountants have have
• 0:44
  upgraded the accounting to fair value accounting.
• 0:48
  There's been a surge of Bitcoin treasury companies.
• 0:50
  There's like 100 public companies or more.
• 0:53
  They're holding Bitcoin on their balance sheet.
• 0:55
  And every single week there's another announcement.
• 0:59
  I think that you know, it used to be we're focused on the
• 1:02
  halvings, but at this point the entire natural supply of Bitcoin
• 1:06
  is only 450 Bitcoin available for sale every day.
• 1:09
  That's sort of about forty $550,000,000 a day at this
• 1:14
  level. That is all being that is all
• 1:17
  being consumed by the Bitcoin treasury companies and the
• 1:20
  Bitcoin ETFs are are coming on strong.
• 1:24
  So I'm very bullish My, my, my forecast in July of last year in
• 1:31
  Nashville was bitcoins going to appreciate 29% a year on average
• 1:37
  for the next 21 years. And that moves it from it was
• 1:41
  about mid 6065 thousand to 13 million a coin in the year 2045.
• 1:47
  I'm getting more bullish on that forecast, but I'm certainly
• 1:52
  comfortable forecasting 30% a year ARR on average for the next
• 1:57
  20 years. I think Bitcoins up 57% a year
• 2:03
  for the past 4 1/2 years. Again, that's double the mag 7.
• 2:08
  That's quadruple the S&P. You know, that's you know, it's
• 2:12
  8 times real estate and bonds are down 4%.
• 2:16
  So so Bitcoin is smashing everything Joe love to hear and
• 2:22
  of course I'm here with the wonderful Internet selfie as a
• 2:25
  Co host today. But as dice forever said in the
• 2:28
  chat, why is Michael Saylor so bearish now obviously trolling
• 2:32
  again, Let's just recap some of the the stuff he was saying that
• 2:35
  is making him more bullish. We've been saying this on the
• 2:37
  show for a long time. You know, we have nation state
• 2:40
  interest in Bitcoin. We have the institutional flows
• 2:42
  coming into Bitcoin. And if you do the math, you
• 2:45
  know, only 450 Bitcoin a day are released onto the network,
• 2:49
  roughly 45 to 50, $1,000,000 of Bitcoin buying pressure that can
• 2:53
  buy that up. And it sounds like these Bitcoin
• 2:55
  treasury companies are buying, you know, are at least trying
• 2:59
  and predicting and saying they're going to buy billions of
• 3:01
  dollars of Bitcoin. Of course, we're seeing the
• 3:04
  banks get into it, which probably makes us all feel a
• 3:06
  little icky here. And then the Bitcoin treasuries
• 3:10
  just they're going, they're going nuclear right now.
• 3:12
  Everyone is following Michael Saylor's lead.
• 3:16
  It can't stay at these prices for that long.
• 3:18
  Now the real meat of this though, is Sailor essentially
• 3:22
  getting even more bullish on the national news.
• 3:24
  Of course I have the metrics here for you guys.
• 3:26
  So we're going to start with his original prediction and this is
• 3:30
  of course from last year as he said it, roughly around 65K per
• 3:34
  Bitcoin. Bitcoin's 21 year forecast to
• 3:37
  2045. We have the three cases, bear
• 3:39
  case at $3,000,000 with a 21% kegger, base case $13 million
• 3:44
  with a 29% kegger and a bull case of $49 million per get
• 3:49
  Bitcoin with a 37% kegger. Now he did only increase this by
• 3:54
  1% on a kegger, but I think if you do the numbers and I'm going
• 3:58
  to do the numbers for you guys right here, it really starts to
• 4:01
  get crazy when you start compounding this year over year
• 4:04
  and of course, bigger number in Bitcoin.
• 4:07
  So it's going to be a bigger number in the future.
• 4:09
  Now the interesting part though is what sailors said towards the
• 4:13
  end the last four years, 4 1/2 years, essentially Bitcoin has
• 4:17
  been going up about 50%, fifty, 7% CAGR over year over year.
• 4:22
  Now, we're not saying bitcoins going to do that, but if you
• 4:25
  look at these numbers and it does continue on this
• 4:27
  trajectory, then even is bull case of 40, $9 million per
• 4:30
  Bitcoin and now 20 years seems very bearish here.
• 4:35
  So, you know, Sailor, I don't think he's been shy about
• 4:38
  talking about some crazy price predictions out there.
• 4:41
  But you got to remember the audience here, he's on the
• 4:43
  national news. He's got to be a bit
• 4:45
  conservative when he makes these price predictions.
• 4:48
  And now he's just doubling down, tripling down.
• 4:50
  He's like, yeah, 13 million is probably bearish here, guys.
• 4:53
  And here's my reasons. And I think that signal is
• 4:55
  starting to spread out. Other people are starting to
• 4:58
  kind of feel the same thing. I know we've been feeling that
• 5:00
  here on the show. I know you guys saw Nico's
• 5:02
  progression from perma bear to now starting to feel bullish on
• 5:06
  the show. You know me, I'm I'm highly
• 5:08
  regardedly bullish every single day on the show.
• 5:11
  So let's go into the numbers. I have a kegger calculator here.
• 5:15
  And based on his initial prediction, I'm going to do this
• 5:19
  off his initial prediction of 65 K Bitcoin, 30% kegger, just a 1%
• 5:25
  increase. And you can see it was at 29%,
• 5:28
  which meant $13 million Bitcoin. And now with a 21 year, which is
• 5:33
  actually one year ahead, it's roughly 16.2 million.
• 5:38
  So 1% increase on the kegger here adds about 3 million to the
• 5:43
  market cap. You know, not really something
• 5:45
  to just laugh about here, but I want update that for today's
• 5:50
  price of Bitcoin, roughly 104 Ki think it actually hit 105 K
• 5:54
  before the show. So I did these numbers for you
• 5:57
  guys. We'll chat about it and then I
• 5:59
  have a more realistic prediction for you guys, maybe not 20 years
• 6:02
  down the line. I know a lot of people yell at
• 6:04
  us on the show about like you, dude, 20 years from now, like
• 6:07
  it's going to go up. Who cares?
• 6:09
  Like tell me what it's going to happen in four years.
• 6:11
  So first let's do the updated prediction based on today's
• 6:15
  price, 104K with a 30% K in 20 years.
• 6:19
  Remember the the date was 2045. That would mean a $20 million
• 6:24
  Bitcoin from today's price with a 30% keger here and of course
• 6:28
  keger compounding annual growth rate here.
• 6:30
  So it means it's going to grow by 30% minimum over the next 20
• 6:35
  years per year. Now we could argue it's going to
• 6:39
  go higher. We've seen in the last four
• 6:40
  years it's doing about 50 ish. So I have these updated numbers
• 6:44
  for you guys to kind of, you know, persuade you that it's
• 6:47
  going to go into some big numbers here soon.
• 6:49
  So you don't have to wait until you're 20.
• 6:51
  You know, we won't have to wait until we're in our 50s to see
• 6:54
  these crazy price predictions. It might come sooner than you
• 6:57
  think. But so before I go into the, you
• 7:00
  know, the more conservative price predictions of four years
• 7:03
  down the line, why do you think sailors getting more bullish?
• 7:06
  Obviously you heard his explanations, but I think the
• 7:08
  real question is, is why is he saying this on the national
• 7:12
  news? I mean it depends.
• 7:14
  Was this video from yesterday? It was this morning.
• 7:16
  Oh, then, well, it's it's not hard to see why he would say all
• 7:20
  of this. I think that he's watching the
• 7:23
  US go in decline in real time. I think our government is
• 7:27
  falling apart, I think, but things are shifting in ways that
• 7:32
  we could have never really imagined.
• 7:35
  But what we could always predict is that the money printer would
• 7:38
  go Burr. And as soon as that starts to
• 7:41
  happen, Oh my God, then there's no telling how high Bitcoin
• 7:46
  could go. I would have changed my mind
• 7:48
  too, from one day to the next. And so the biggest thing that
• 7:52
  you could do for yourself, the biggest hedge that you could
• 7:54
  have on these uncertain, unreliable times is buy some
• 7:58
  Bitcoin. And the more people buy it, the
• 8:00
  more valuable gets because there's only going to be a
• 8:02
  certain amount per, you know, ever.
• 8:05
  So, you know, it's kind of not difficult to see why Michael
• 8:08
  Saylor would be saying that in lieu of, you know, what's been
• 8:11
  going on. Yeah, 100%.
• 8:14
  And I mean, Saylor's been saying for a long time that the the
• 8:17
  three things that take Bitcoin to $5 million now they're
• 8:20
  completely clear. Of course, it's the ETF, it's
• 8:23
  Saab 121 and it's banks custody and of course loaning Bitcoin.
• 8:27
  And literally all those dominoes had fallen literally this week,
• 8:31
  you know, JP Morgan came out and said that this week.
• 8:33
  We've seen the ETF last year, of course, ever since Trump came in
• 8:37
  the SAB 121 fair accounting is is now in play.
• 8:42
  People are taking advantage of this.
• 8:44
  So everything seems to be going well.
• 8:46
  We do have a more friendly administration.
• 8:48
  The regulations around Bitcoin seem to be, you know, clearing
• 8:52
  up. I know they're they're kind of
• 8:53
  really going hard on stable coins recently, but Bitcoin gets
• 8:56
  through the door. Bitcoin gets through the door
• 8:58
  there anyway. So OK, we talked about the you
• 9:01
  know, crazy 20 year price predictions and everyone in the
• 9:03
  chat's like, bro, I'm going to be 65 when this when this 20
• 9:07
  million $50 million Bitcoin happened.
• 9:09
  Could this happen sooner? Now I know you guys on YouTube,
• 9:13
  you love the when can I retire on Bitcoin?
• 9:16
  You know, what are these more short term price predictions now
• 9:20
  we don't tell you guys to trade. We're not short term traders
• 9:22
  here. We are hodlers.
• 9:23
  We are long term holders of Bitcoin, but to put he's in a
• 9:26
  little more realistic numbers, let's pull up the kegger for the
• 9:30
  next 4 years via this new prediction of Sailor.
• 9:35
  So first of all, I have kind of a crazy one here.
• 9:38
  This might be the moon shot. This might be what happened.
• 9:41
  We don't really know. But based on today's value of
• 9:44
  Bitcoin, 104 K, of course, I think it's up a little bit.
• 9:47
  It's 105 I saw this morning. I, I haven't checked the price
• 9:49
  yet. Actually I can check it right
• 9:50
  now, it's at 100 and four 980. So you know, this is just round
• 9:55
  numbers here with a roughly 56.57, roughly a 57% kegger,
• 10:02
  that means 625 K Bitcoin in the next 4 years.
• 10:07
  Basically what we've done in the last four years.
• 10:09
  If we can project this into the future 625K, it's kind of our
• 10:13
  base case right here. You know, we'll, we'll take that
• 10:16
  57%. Who knows if it's going to hold
• 10:18
  up. So, but I don't know, let's
• 10:20
  start with this 1625 in, in four years, is this, is this bearish?
• 10:25
  Do you need this to go faster? I mean, I know I I've been, I've
• 10:28
  been living at your house now for a week and and constantly
• 10:31
  like Nico, can I buy this stuff for the house?
• 10:33
  So is 625 going to be enough for Sophie to survive in four years?
• 10:38
  Maybe we could always go higher. Totally, totally this.
• 10:44
  So I think that's a good point, though the base case I think
• 10:47
  would be, you know, like the average price.
• 10:49
  This isn't really accounting for like a parabolic run up.
• 10:53
  Yeah. I think that this is just taking
• 10:55
  into account, you know, the next four years where we're at
• 10:59
  exactly in this moment in time, which is weird because in this
• 11:02
  moment in time, we would have already expected to kind of
• 11:05
  like. Hit 625 this year.
• 11:07
  Yeah, exactly, Exactly. So Like if we're here in four
• 11:12
  years and that just means that the next cycle we might be
• 11:16
  hitting close to a million. You never know.
• 11:19
  It's definitely going to hit it. So I think that's kind of the
• 11:22
  point just because we're seeing this number of cores
• 11:25
  compounding, compounding annual growth rate here, but that's not
• 11:29
  really accounting for the parabolic runs here.
• 11:31
  So it could go to the mill and then kind of pull back to the
• 11:35
  625 and that's what roughly like a 50% bear market ish.
• 11:40
  All right. But these are just the numbers
• 11:42
  based on the last four years. So let's go to sailors, a 30%
• 11:46
  kegger, which is roughly 300K in four years.
• 11:50
  Now that seems a lot more bearish here.
• 11:53
  I, I've been thinking 300 K this year.
• 11:55
  So I don't know. I mean, maybe this is 300 K bear
• 12:00
  market, which I I would I'll deal with the 300 K bear market.
• 12:03
  I don't think that's going to be the bear market.
• 12:05
  I think that's going to be the run up.
• 12:07
  I think if we're doing it exactly 4 years from today, then
• 12:11
  we'll be at 300 K, looking at 506, 100, maybe $100,000
• 12:17
  Bitcoin, You know that that seems to like follow the pattern
• 12:21
  more closely to previous cycles. But we basically have to see
• 12:25
  what is going to happen this time around because unlike any
• 12:29
  other cycle, I mean, like I said, we were expecting to
• 12:32
  already be at 500K right now. What happened, we don't know.
• 12:37
  The news has never been more positive, but the number has
• 12:40
  never been more stable, which is awkward for Bitcoin, but but it
• 12:45
  is what it is. And is this the end of cycles?
• 12:48
  Is this the beginning of a new, more, I mean less volatile
• 12:53
  Bitcoin? We don't know.
• 12:55
  Maybe we won't come back down to, you know, the, the 30-40 K
• 13:00
  range when it's the bear market. Hopefully we don't because that
• 13:04
  would be very painful. But if we do, then you know,
• 13:07
  maybe it's because we can expect a 500K or 300K Bitcoin.
• 13:12
  Yeah, well, we have a a few different deferring takes in the
• 13:16
  chat. First we have salty apologist
• 13:18
  and he goes 600K in four years and one mil after next cycle is
• 13:22
  way too bearish. I kind of agree.
• 13:25
  And then we have MPC 3G goes basically 600K in four years.
• 13:31
  That would be fantastic because I plan to retire in five years.
• 13:35
  So maybe this is just the age different in the chat here.
• 13:38
  Like us younger guys are like, you know, I guess I can wait 20
• 13:42
  years for $20 million Bitcoin, but like, I feel like a million
• 13:46
  is around the corner here. And the guys maybe with a little
• 13:49
  more capital, like, hey, 600K in four years, that sounds awesome
• 13:52
  to me. So who knows what's going on
• 13:55
  now, guys? Let's, I don't know, maybe maybe
• 13:59
  people in the chat, what, what do you think is going to be the
• 14:01
  compounding annual growth rate moving forward?
• 14:03
  Like Sophie saying, and I'm, I've kind of been feeling this
• 14:06
  sentiment as well. I'm I'm starting to lean towards
• 14:09
  the idea that we're not going to see a bear market like a huge
• 14:13
  80% drop, but that that's probably what the market makers
• 14:17
  want. You know, they're just going to
• 14:18
  be like all these bitcoiners are getting over leveraged.
• 14:20
  Everyone's taking loans out. You know, they're they're
• 14:23
  putting he locks on their house. Let's dump the price here and we
• 14:27
  get absolutely nuke. But I'm starting to see the, oh,
• 14:29
  it actually worked stepwise function.
• 14:32
  It's kind of the vibe I'm getting until we get something
• 14:34
  that really breaks the levy here.
• 14:37
  And that could be the nation state to Bitcoin treasuries.
• 14:39
  Again, there's hundreds now. And I don't know if you saw, but
• 14:43
  I forget what the company is, but someone reported today it
• 14:46
  was like Frank and Frank Templeton or one of these big
• 14:49
  firms basically said like there's going to be about 2000
• 14:52
  Bitcoin treasury companies on the horizon.
• 14:54
  And again, there's only 450 Bitcoin a day that are released
• 14:59
  by the network. And the next chart in the
• 15:01
  numbers that I'm going to show you, things could start to get
• 15:04
  pretty crazy again. Remember how much Bitcoin is,
• 15:07
  and I'm going to say supposedly being bought by these Bitcoin
• 15:11
  treasuries already, everyone seems to be doing the sailor
• 15:14
  strategy. They're trying to buy billions
• 15:16
  dollars of Bitcoin. Where's the Bitcoin?
• 15:20
  Because the price has to go crazy.
• 15:22
  Yeah, I was about to say show me the reserves.
• 15:24
  I haven't seen the reserves. I want to see them.
• 15:28
  I think that proving it will probably, you know, drive number
• 15:34
  up and it'll drive other institutions to like, really get
• 15:38
  it together and purchasing more Bitcoin because like you said,
• 15:41
  there's only 450 that are made per day.
• 15:44
  So yeah, that's not a lot in the scheme of things.
• 15:46
  And how much has been mined in its totality?
• 15:49
  Like over 97%? It's or.
• 15:53
  No higher or 95 I believe. Let me check.
• 15:56
  Let me check 94.64. 4.64 I'm not good with numbers.
• 16:00
  All I know is that it's over 90% and we're nearing the end.
• 16:03
  Ladies and gentlemen, it's not going to last forever.
• 16:06
  So you better buy your Bitcoin now, get it into self custody
• 16:09
  and sit and wait because these next couple of years are going
• 16:13
  to be interesting. Yeah, listen, OK, we got Rexana
• 16:19
  goes 50 to 70% kegger seems realistic.
• 16:22
  So let's pull this up real quick and I'll do.
• 16:25
  I did the roughly the 70% kegger here and that would equal 850K
• 16:32
  per Bitcoin in four years. Now someone else in the chat
• 16:36
  said 70 to 80 over the next four years.
• 16:40
  So, so I think that's $1,000,000 Bitcoin here, a million over the
• 16:47
  next four years, 76 now that seems kind of high.
• 16:49
  I'm not going to lie, that seems a little high.
• 16:51
  But let's see. Let's see what these numbers
• 16:54
  have to be. Yeah, that's way high.
• 16:57
  That is way high bro. You're you're tripping 86.
• 17:02
  So actually maybe not, maybe not.
• 17:04
  I don't know. I don't know.
• 17:05
  Let me know is is 86% kegger even even possible here?
• 17:11
  I know it's done it in the past, but moving forward, I don't know
• 17:14
  guys. I I look, I know we're hoping
• 17:17
  them dealers here on YouTube, but now we're getting into
• 17:20
  unrealistic territory guys. So this is getting crazy.
• 17:23
  Let me see, does anyone else deal with another one?
• 17:27
  Now we're talking. I like these numbers.
• 17:28
  OK, all right, all right. You like this, You like this.
• 17:31
  Yes, the dollar is dying. So maybe these kind of overblown
• 17:36
  predictions to, to put it lightly, maybe they're not that
• 17:40
  crazy. I don't know if you guys saw and
• 17:41
  I, I'm not covering it today, but the Treasury just did the
• 17:45
  biggest bond buyback ever. They bought 10 billion of their
• 17:50
  own debt yesterday. So and we've been covering this
• 17:53
  last couple days like the money printer is on, it's stealth
• 17:56
  money printing and we didn't get time to cover it yesterday, but
• 17:59
  I'm sure you guys have heard about it.
• 18:00
  You know, Elon and Trump are fighting, going crazy.
• 18:04
  Trump's talking about eliminating the debt ceiling.
• 18:06
  So it looks like the constraints right now are there.
• 18:11
  They might get completely thrown out the window.
• 18:13
  And as someone said in the chat, Trump seems to be killing the
• 18:16
  bear out there. Now.
• 18:18
  I was explaining this to Sophie yesterday.
• 18:20
  We were talking about the money printer, the debt ceiling.
• 18:22
  And she's like, wait, isn't this a bad thing?
• 18:24
  And it's like, yeah, the more money they print is obviously
• 18:28
  going to be bad for like the majority of people.
• 18:31
  But it when you consider the global M2 liquidity, more
• 18:36
  dollars in the system finding hard assets as bitcoiners, that
• 18:40
  just means the price is going to go up.
• 18:42
  Now, of course, we do not want our best financial advice on the
• 18:46
  Internet, of course, as bitcoiners, and this is what we
• 18:51
  do on the show. You know, This is why we're on
• 18:53
  YouTube. We want to get this information
• 18:56
  in front of as many people as possible before things start to
• 18:59
  blow up. And again, remember, we're not
• 19:01
  the only ones talking about things blowing up.
• 19:03
  We have Ray Dalio, one of one of the longest, most wealthy
• 19:08
  investors of our time, infamous or rather more famous and
• 19:12
  really, really well regarded investor telling us there's
• 19:15
  probably a a looming debt cycle crisis in three years.
• 19:21
  So I don't know. This is why we're here.
• 19:24
  We want more people to save in Bitcoin because if things really
• 19:26
  do crazy, if we do go full Weimar here, our Bitcoin's going
• 19:31
  to go up. But I think everyone's standard
• 19:33
  of living is going down and that's not a not a pretty
• 19:37
  picture to say the least. Yeah, that being said, if you
• 19:40
  guys are watching the show, please feel free to smash the
• 19:44
  like button and share the show with your friends.
• 19:47
  By sharing it with people, you will not just be helping us out,
• 19:51
  you'll be helping them out by sharing the hopium that is that
• 19:56
  is carrying us all through this week.
• 19:58
  Yeah, we're we're definitely all through them.
• 20:00
  The opium. This is a good comment though.
• 20:03
  Valeris goes kegger only needs to get silly once at like 80%,
• 20:07
  then it could cool off down to like 20 or 30%, but will be so
• 20:11
  much higher initially the numbers go silly, True.
• 20:14
  And then of course we have the just standard bulletard in the
• 20:19
  chat. That's Samson Mao's prediction.
• 20:22
  And I personally think Samson Mao is a very serious man.
• 20:27
  So I, I kind of, it could be, I believe him and he really, he's
• 20:33
  tweeted about it multiple times. So it's possible.
• 20:36
  And you're, you're referencing this comment, right?
• 20:38
  Yeah. OK, OK.
• 20:39
  All right. So for the audio listeners, we
• 20:42
  have salty apologist goes we could go to 1,000,000 this year,
• 20:45
  but let's get real. We go ballistic and then taper
• 20:48
  off. I like it, I like it.
• 20:50
  I'm OK with this. And Winey gets in the chat.
• 20:53
  Nico isn't here, so let's misbehave, yes?
• 20:56
  He's not. We're doing wine.
• 20:57
  What do you think we're doing? Yeah, he's not even in ear, ear
• 21:01
  shot. So we can, we can get as crazy
• 21:03
  as we want. All right, guys, you guys got
• 21:07
  the Sailor prediction. He is moving up his $13 million
• 21:11
  prediction and we did the math based on today's number, or
• 21:14
  rather based on last year's numbers, it's about 16.2
• 21:18
  million. Now you update that to today's
• 21:21
  numbers, 30% kegger AT104K per Bitcoin.
• 21:25
  That shoots it up to 20 million per Bitcoin in 20 years.
• 21:29
  Obviously, we don't have a crystal ball.
• 21:31
  We don't know where it's going, but we all know the famous
• 21:34
  quote. It's going up forever, Laura.
• 21:36
  The money printer is coming. The big print is on the horizon
• 21:40
  and it's all going to have to find a home.
• 21:42
  Now the big signal we've been talking about lately, we're all
• 21:45
  macro experts. No one wants bond, no one wants
• 21:48
  government debt. And I think the biggest signal
• 21:50
  that we saw yesterday is the Fed can't even incentivize anyone to
• 21:55
  buy their debt. They had to buy it back from
• 21:56
  themselves. So I don't know about you.
• 21:59
  Take this information as you will here, but all the roads are
• 22:03
  leading to Bitcoin. It's super, super simple.
• 22:07
  Keep it simple. Stack Bitcoin, take it into cold
• 22:09
  storage, stay solvent. All the memes, this is how it
• 22:13
  goes. All right, let's see.
• 22:14
  I don't I don't know how to do this, bro.
• 22:16
  Oh, oh, OK. Actually, I do know.
• 22:18
  We'll we'll do this one real quick and then we'll move on.
• 22:20
  OK, so you said at a million. Let me see is that a million?
• 22:28
  Yes, that's a million. What?
• 22:31
  The next four years I have I have to put in a final value
• 22:34
  here. I don't know man.
• 22:36
  Like 20. Yeah, see that's crazy guys.
• 22:43
  You guys are, you guys are tripping.
• 22:46
  That's 70. So it's like 3 mil.
• 22:50
  OK, so at $1,000,000 Bitcoin with a roughly 30% kegger 4
• 22:57
  years after that, that is $3,000,000 Bitcoin.
• 23:00
  So yes, once the numbers get big enough, we can go down to these
• 23:05
  normal, you know, 2030% That's funny we say normal.
• 23:08
  We could go down to these bearish, you know, Bitcoin
• 23:11
  keggers here and it's going to essentially triple in four
• 23:15
  years. So obviously now we're now we're
• 23:18
  really getting into speculative mode.
• 23:20
  But hey, you know, you going to get this, this calculator
• 23:23
  yourself. It's actually ICICI direct here.
• 23:26
  Let me let me drop this in the chat for you guys.
• 23:28
  You guys can play for it at home.
• 23:30
  It's not just a Bitcoin kegger, but you know, play with it.
• 23:34
  Tell me what you think. And you know what?
• 23:36
  We'll chat about it another day. All right, guys, we got a jam
• 23:40
  packed show for you guys. I actually have, you know, this
• 23:43
  chart here which starts to explain some of this math and
• 23:46
  literally how little of the global capital has to go into
• 23:49
  Bitcoin. And then we have Trump, the
• 23:52
  Trump media just they're, they're, they fully have
• 23:55
  activated the Michael Saylor strategy and they're going
• 23:59
  bananas on trying to acquire as much Bitcoin.
• 24:02
  So we got all that covered for you guys and then also stick
• 24:05
  around. I, I do, I don't know, Sophie,
• 24:08
  do we call this a meme on the culture?
• 24:10
  I yes, it's a meme. It's a meme.
• 24:11
  I got a meme for you guys. It's a video though.
• 24:14
  I, I, I got a good little chuckle out of it and it's going
• 24:17
  to spark a good conversation here.
• 24:18
  So before we move on though, guys, I want to remind you to
• 24:22
  smash the like button, Subscribe, of course, comment on
• 24:25
  this video. Are these keggers realistic?
• 24:29
  Are we smoking the opium? Is $20 million in 20 years
• 24:33
  feasible? Is that bearish?
• 24:35
  I want to see it in the YouTube comments right now.
• 24:38
  And of course, the Rumble guys, you can comment as well.
• 24:41
  Anyways, we got to give a huge shout out to our boys over at
• 24:45
  Bitcoin. Well, they are the best place to
• 24:49
  stack Bitcoin. They're the only non custodial
• 24:52
  Bitcoin exchange in North America.
• 24:55
  What does that mean? It means they never hold your
• 24:57
  Bitcoin. It is self custody by default.
• 25:00
  You have to give them a wallet. Once your Fiat clears, they send
• 25:03
  you the Bitcoin directly to your cold storage, which perfectly
• 25:06
  aligns with what we believe here.
• 25:08
  We do not want you to leave your Bitcoin on exchanges.
• 25:11
  There's been way too many examples of people doing this
• 25:14
  and getting absolutely wrecked in the past.
• 25:16
  So we're ensuring that once you buy Bitcoin, yes, you will have
• 25:20
  to have a Bitcoin wallet when you buy Bitcoin.
• 25:23
  But once the Fiat clears, it goes directly into your cold
• 25:26
  storage. So scan the QR code and if you
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• 25:38
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• 25:41
  So you get free money. Who doesn't like free money?
• 25:43
  All right, guys, on that note, let's get into the show.
• 25:53
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• 27:15
  today. Yeah, hold on South, before we
• 27:22
  get on, some of these comments in the chat are hilarious.
• 27:26
  On the 1st segment, first one, where'd it go?
• 27:28
  I just had it. We had CBQ 3,000,000 is number
• 27:33
  for ants Yes. And then this one is this ones
• 27:38
  crazy and and I love it because this is this is what we're
• 27:41
  doing. Salty apologist full bull tart
• 27:43
  in the chat. 50 million in 20 years is feasible.
• 27:45
  We quickly forget that they can't stop printing or the whole
• 27:48
  thing implodes. There is no talk to Bitcoin
• 27:50
  because Fiat has no bottom. Yes, this is what you have to
• 27:56
  keep in mind. Of course, as the saying goes,
• 27:59
  all your models are broken. So even our forecast of what we
• 28:03
  could, you know, conservatively predict it could get even
• 28:06
  crazier than that because we never know just when that huge
• 28:10
  print is coming. We never know when the Fiat
• 28:11
  system will potentially blow up in their faces.
• 28:14
  So when a lot of people hear that all your models are
• 28:17
  destroyed, they usually think of it as like, oh, it's going to,
• 28:20
  you know, underperform. I think very few people are as
• 28:23
  bull tarted as salty apologist in the chat and realize it could
• 28:28
  over perform and all your models break.
• 28:30
  Now we haven't seen that happen in the last couple of years, but
• 28:33
  it's not out of the realm of possibility.
• 28:35
  You got to keep that in mind in mind guys.
• 28:37
  So there we go. Anyways, let's go to the numbers
• 28:42
  on Clark Moody's dashboard. So it's a little under 105.
• 28:46
  I saw it hit 105 this morning, but it looks like we are
• 28:49
  currently at a price of 104,860 Bitcoin or yeah $160 per Bitcoin
• 28:56
  sats per dollar AKA how much your Bitcoin is worth in dollars
• 28:59
  AKA how much Bitcoin you can buy in dollars wait did I say that
• 29:04
  already anyways, 954 stats per dollar and the big news here
• 29:08
  guys on the numbers. The block height has reached
• 29:12
  900,000 blocks guys. We are currently at 900,000 and
• 29:17
  63 blocks, 900,000 blocks guys, you know, I, I think I got in
• 29:24
  Bitcoin in the 600,000 era. Now we're in the 900,000 era and
• 29:28
  there's new bitcoins coming in we're going to get to 1,000,000
• 29:32
  blocks. We're going to get the 210
• 29:34
  etcetera, etcetera, etcetera. But 900,000 it's over 900,000.
• 29:39
  I, I actually saw a lot of people celebrating this.
• 29:41
  I saw Mandrick say he's like, yeah, I literally woke up just
• 29:44
  to watch the 900 and I'm like, bro, I was asleep I slept great
• 29:47
  last night, but it is a huge achievement in Bitcoin.
• 29:52
  Do not underestimate the fact that we are at 900,000 blocks
• 29:56
  guys. Bitcoin chugging along TikTok
• 29:58
  next block Anyways, the market cap in Fiat terms is currently
• 30:01
  at $2.08 trillion. The Bitcoin versus gold market
• 30:05
  cap is at 8.81%. Still a long way to run in the
• 30:09
  hard money game. And the total percentage of
• 30:12
  Bitcoin that will ever be issued is currently 94.64%, roughly
• 30:15
  19.87 million Bitcoin in circulation.
• 30:19
  And the realized monetary inflation is .85, literally the
• 30:22
  hardest money in the world. And as of today, we are
• 30:25
  currently down 6.4%, you know, a measly -6% from all time high.
• 30:31
  And everyone is acting like it's completely over.
• 30:33
  I mean, even Sophie said we're going to 58 K again guys, can we
• 30:36
  put 58K to rest already? Let's go to 158 when they can
• 30:41
  bring it back in and, and I'll have fun at that mean.
• 30:44
  But please don't say 58 K again as the price of Bitcoin.
• 30:48
  We're going to to 158. So we're going to 158.
• 30:52
  From your lips to God's ears. OK, All right guys.
• 30:56
  So today I don't have a video, but I saw this tweet yesterday
• 31:01
  and it's got a really good chart.
• 31:03
  And again, I wanted to connect this with what Sailors saying.
• 31:07
  So Sailor was talking about, you know, the nation state interest,
• 31:11
  the institutional interest, the Bitcoin treasury strategy going
• 31:15
  viral. And of course, he didn't really
• 31:19
  even factor in the retail money coming in.
• 31:22
  But we have the regulations clearing up.
• 31:24
  We have some clarity here, the fabled regulatory clarity.
• 31:28
  But when you really break down the numbers of, of potential
• 31:31
  capital that can get into Bitcoin and remember what Tom
• 31:34
  Lee said yesterday, guys, he believes that the potential
• 31:38
  demand for Bitcoin in the face of everything we're seeing is
• 31:42
  going to collide with a 21 million hard cap supply.
• 31:46
  It's simple economics, demand supply economics.
• 31:49
  And I think a lot of us have underestimated the demand.
• 31:52
  Well, especially if you aren't a bitcoiner.
• 31:55
  I know, I know someone in some people in the chat are like,
• 31:57
  bro, I'm overestimating the demand because I'm predicting
• 31:59
  $50 million Bitcoin in like 10 years.
• 32:02
  So maybe you're the only one that's overestimating the
• 32:04
  demand. But a lot of people still
• 32:07
  haven't fully understand what is at stakes.
• 32:10
  They haven't fully understood Bitcoin.
• 32:12
  They don't understand the problem, therefore they don't
• 32:15
  get the solution. I mean, we even have Elon Musk
• 32:17
  spurging out on the timeline talking about the problem, but
• 32:20
  he hasn't hit on the solution yet.
• 32:22
  He's going and the Fed the the deficit's getting out of
• 32:24
  control, government spending too much money and all the
• 32:27
  Bitcoiners are just sitting there like, bro, can you say
• 32:30
  your safe word Bitcoin again? Like it's like literally he's
• 32:33
  even talking about doing his own political party and we're like,
• 32:36
  hey, we already have one. It's orange bro.
• 32:38
  Like come join us. Come join us over here anyways.
• 32:42
  I think Elon's just butt hurt because a bunch of us Maxis were
• 32:46
  really mean to him and he can't stand it when people are mean to
• 32:49
  him because he's the world's richest man in the world.
• 32:52
  So yeah, he's never going to. He's never going to come on our
• 32:56
  side, at least not publicly. I think he hoards a lot of
• 32:59
  Bitcoin. I mean, Tesla has a lot of
• 33:01
  Bitcoin still, right? That they haven't sold.
• 33:04
  So yeah, I think he's a Bitcoiner.
• 33:07
  He's just never going to actually admit it because we
• 33:09
  were all a little mean to him. Yeah, I mean, Nico has been
• 33:13
  saying for a while that it's it's must ego that he's got to
• 33:19
  get over because he's, you know, he, even though he's a big fish
• 33:24
  in a big pond as the richest man in the world, in the Bitcoin
• 33:28
  world, I don't think he'd had the highest IQ around.
• 33:31
  There's I think there's higher IQ people, smarter IQ people in
• 33:34
  Bitcoin. And he probably doesn't want to
• 33:36
  just be another kind of engineer in the Bitcoin space.
• 33:39
  Well, yeah, Bitcoin humbles everybody.
• 33:42
  It changes you, as they say. So it's it must be very
• 33:46
  difficult for someone who launches rockets that land back
• 33:50
  on Earth to humble themselves to a monetary system that they
• 33:54
  didn't invent, especially when they tried to invent a monetary
• 33:59
  system like PayPal. Well, you know, just to just to
• 34:03
  spurge out here a little bit allegedly shooting rockets into
• 34:07
  space. No, I'm not.
• 34:08
  I'm not a flat earther. I actually believe in space.
• 34:10
  I'm just trolling. I'm just trolling, OK?
• 34:12
  Even the flat earthers believe in space opti like.
• 34:15
  No, they believe in the firmament, right?
• 34:17
  Yeah, yeah, yeah. Go, go read your Bible.
• 34:20
  Apparently it's in there. All right.
• 34:21
  All right. Anyways, anyways, we are not
• 34:23
  here to discuss Flat Earth stuff.
• 34:25
  Nikko would freak out. OK, Check out this chart guys.
• 34:29
  And again, the numbers, like first of all, a lot of people
• 34:34
  forget just how much capital is in the system.
• 34:36
  We really can't fathom just how much capital is sloshing around
• 34:41
  out there and it has to hit a 21 million supply of Bitcoin and
• 34:46
  even further, it's probably going to be way less than that.
• 34:49
  So check out this tweet here. This is by Tephra Digital LLC.
• 34:53
  I really don't even know what they do here, but it's a great
• 34:55
  chart. So shouts out to you guys here,
• 34:58
  but it goes 107 trillion in capital identified and a 5%
• 35:02
  allocation equals $5 trillion and there's only 1.1 million
• 35:06
  Bitcoin left to mine. 62% of active supply hasn't moved in
• 35:10
  over a year. This may be the greatest supply
• 35:13
  demand mismatch in financial history.
• 35:15
  It won't happen overnight, but this is a direction for
• 35:18
  contacts, $5 trillion is 116 X larger than all net flows into
• 35:24
  Bitcoin in 2024. Now I'd I, I, I not going to lie
• 35:29
  to you and pretend like I fully get the multiplier effect around
• 35:32
  Bitcoin, but from what I remember Luke saying, it's
• 35:35
  something about 3 or 4X every dollar that comes into Bitcoin.
• 35:39
  So these numbers get crazy and you can see down here before I
• 35:44
  kind of breakdown this chart for the audio.
• 35:46
  This chart reflects roughly 100 hours of Tefra research across
• 35:49
  US wealth platforms, central banks, 4O1K providers, state
• 35:53
  funds and corporate cash data. We think it's one of the
• 35:56
  clearest illustrations of capital pressure building
• 35:58
  against bitcoins fixed supply. So from that, this is just US
• 36:03
  guys. This is just one nation here.
• 36:05
  Obviously, we're the richest nation on the on the planet
• 36:08
  right now, but this is just one nation and we can compound that
• 36:11
  with every other other nation. They're probably similar
• 36:14
  numbers. So it goes.
• 36:15
  Tefra identified capital pools lining up for Bitcoin total of
• 36:19
  107 trillion. Now, breaking this down, we have
• 36:23
  US wealth platforms, 50 trillion or 31 trillion of 50 trillion
• 36:27
  still restricted or prohibited. That's the money, the capital
• 36:30
  that can excape from the system, but soon will be unlocked.
• 36:33
  And then of course, the top 21 central banks.
• 36:35
  OK, this so this global $34 trillion.
• 36:38
  And then we have 4 O 1K plans, 9 trillion.
• 36:41
  And we just heard that the SEC essentially said, hey, you know,
• 36:45
  you can, you can invest in, in Bitcoin or they put a note out
• 36:48
  and they're like, yeah, we're no longer going to push people away
• 36:51
  from using their four O 1 OK to buy Bitcoin.
• 36:54
  Then we have state manage investments, the pension funds
• 36:56
  and stuff. We have our boy Dom Bay on that
• 36:58
  mission. We have, you know, Dennis Porter
• 36:59
  on that mission to get the pension fund, state manage
• 37:03
  investments to buy Bitcoin. And then of course, S&P 500
• 37:06
  corporate cash, roughly $7 trillion.
• 37:09
  Now the part that gets crazy, and of course, you got to love
• 37:12
  this visual. It's a huge pyramid on top of a
• 37:14
  little pyramid, which is the Bitcoin total supply.
• 37:19
  And they're using the remaining supply to be mine, of course
• 37:22
  till 2141 point 1,000,000 and then the total mine supply of
• 37:26
  19.9 million as the base with a market cap of 2 trillion.
• 37:30
  So 5% allocation. And this seems to be the norm
• 37:34
  right now, the black rocks of the world, they're saying, you
• 37:36
  know, 1 to 2%, some people are saying 5%.
• 37:39
  We're basically saying just get off 0.
• 37:41
  So if 5% of that allocation, $5 trillion, meets the hard cap
• 37:45
  supply of Bitcoin, I don't know what the multiplier effects of
• 37:49
  this would be. But if this happened in one
• 37:51
  year, as you can see from this tweet, 116 X larger than the net
• 37:56
  flows into Bitcoin in 2025. Course, it's not going to happen
• 37:59
  overnight, but I do like this framing here and really paints a
• 38:03
  picture of just how small Bitcoin is compared to how huge
• 38:07
  the global capital markets are. And it's got to hit a hard, hard
• 38:11
  supply, hard cap supply of 21 million.
• 38:13
  I don't know, Sophie. This is starting to make me feel
• 38:15
  a lot more bullish. Yeah.
• 38:16
  Well, when you look at it this way, when you look at the world
• 38:20
  global supply entering Bitcoin and finally opening their eyes
• 38:24
  and realizing, hey, we don't have to actually rely on the
• 38:28
  dollar here. We can actually store our wealth
• 38:31
  in a harder asset that and and then we won't be policed for the
• 38:36
  rest of our lives. Doesn't that sound like like a
• 38:38
  good deal? And it's a an investment that
• 38:42
  will go up over time. Sign me up.
• 38:45
  As soon as people find out that this is the way you know it.
• 38:49
  That's the beginning of hyper bitcoinization.
• 38:52
  That's really the beginning of it.
• 38:53
  Because when the government starts to do it, these
• 38:55
  institutions start to do it. They start telling their
• 38:57
  clients. They start telling the world's
• 38:59
  richest people in the world, then whatever you're asking.
• 39:06
  At the chat, the chat, the chat. Globetart alert.
• 39:08
  I'm a globe tard apparently. What does that mean?
• 39:11
  I believe that the earth is a planet and it's in space.
• 39:14
  So I'm a globe tard. You know, it's like the planets,
• 39:16
  a globe anyways. God.
• 39:17
  Forbid that's. That's Flat Earth humor,
• 39:19
  apparently. God forbid we believe in that
• 39:21
  the earth is round. Anyway, all I'm saying is it it
• 39:28
  looks like this is the beginning of hyper bitcoinization.
• 39:30
  All of the cards are laid out. The scene is set.
• 39:34
  The the cobwebs have kind of been moved out of the dark
• 39:37
  forest, and we're starting to see the light at the end of the
• 39:39
  tunnel where all the news is good.
• 39:42
  All the all, everyone is like kind of getting out of our way.
• 39:45
  JD Vance just spoke at the Bitcoin conference and said,
• 39:48
  look, we're not going to get in your way.
• 39:50
  He didn't really say much of value, but just saying that he's
• 39:53
  not going to get in our way was good enough for me.
• 39:56
  And if that's the case, other countries are not just going to
• 39:59
  follow. They actually might go all in.
• 40:02
  When they realized that they have much more to gain from this
• 40:05
  than staying on a Fiat standard. Totally.
• 40:10
  Great. Great question in the chat,
• 40:12
  Salty apologies. Does this even include real
• 40:14
  estate, collectibles, etcetera that will rotate to Bitcoin?
• 40:17
  No, it doesn't appear to include real estate and other store
• 40:21
  values. Of course, I showed you that
• 40:23
  chart yesterday. Those that's 1000 trillion
• 40:27
  dollars here. I think real estate if I
• 40:29
  remember correctly, it was like $318 trillion.
• 40:33
  Yeah. Yeah.
• 40:33
  Well, it's it's one quadrillion, but for people to I I-1. 1000.
• 40:38
  1000 trillion dollars. You know, when you get to these
• 40:41
  big numbers, Sophie, you got to make up numbers so they make
• 40:44
  sense. I feel like we're talking about
• 40:46
  space here. Like now all the subjects are
• 40:48
  getting mixed up for me. Are we talking about space?
• 40:50
  Are we talking about like these are like high end scientific
• 40:53
  numbers for me? 1 quadrillion is 1000 trillion.
• 40:57
  It's like, you know, a billion to 1000 million.
• 41:00
  You know, we don't say that anymore, but they used to say
• 41:03
  that. But there's a lot of capital out
• 41:06
  there. The point remains the same.
• 41:07
  There is so much capital out there and this is only talking
• 41:09
  about 107 trillion that can potentially find its way into
• 41:13
  Bitcoin. So again, these numbers can
• 41:16
  break the models to the upside. I know a lot of people that are,
• 41:20
  you know, maybe they're skeptical, they're cynical, they
• 41:23
  just, you know, they haven't drinking the orange kool-aid
• 41:26
  yet. Or there may be a little more
• 41:29
  sober when it comes to the Bitcoin price predictions.
• 41:31
  But when you'd look at the math and the capital that will
• 41:34
  eventually find its way into Bitcoin, just a small portion of
• 41:39
  those getting into Bitcoin means huge numbers.
• 41:42
  It's will it happen this year? Will it happen in four years?
• 41:45
  No, but again, as Taylor's saying, I think in 1020 years
• 41:49
  all of this is going to happen. I, I, I was mentioning a
• 41:53
  conversation I had with Luke and I haven't told you this, Sophie.
• 41:56
  Luke was literally telling me Monday.
• 41:58
  He's like, bro, I think it's over in three years.
• 42:01
  I think Bitcoin won. Jacob's like, I kind of agree
• 42:03
  with you. And I'm like, OK, what's over
• 42:05
  mean like $1,000,000 Bitcoin. He's like, no, dude, $10 million
• 42:08
  Bitcoin in three years. Like the Fiat system's done.
• 42:10
  And even I was like, yo, like now you're getting in some crazy
• 42:15
  prediction. So maybe we'll talk about that
• 42:17
  on Monday because Luke is coming in on hosting the show Monday.
• 42:20
  But yeah, we'll we'll talk about that.
• 42:22
  Opti, if I would have told you 3 days, 72 hours ago that Donald
• 42:27
  Trump and Elon Musk would be breaking up, would you believe
• 42:32
  me? Like severe ugly breaking up.
• 42:35
  Would you believe me? Nah.
• 42:39
  I OK, no, I so imagine what I. Mean, I, I wouldn't believe you
• 42:45
  in like a day, but I, I, I was kind of suspecting it wouldn't
• 42:49
  last that long. OK.
• 42:50
  Fine, if I would have told you this like a month ago.
• 42:53
  No, I would be like no, probably by the end of.
• 42:55
  The year so imagine by the end of this year everything with all
• 42:59
  the information that we have about the economy, about the
• 43:03
  dollar, about how Bitcoin works, about the amount of money that's
• 43:07
  coming into Bitcoin. I mean, it's not that
• 43:08
  unbelievable. It's just unbelievable for
• 43:11
  people who are watching this show and who have been following
• 43:13
  us for a really long time and for ourselves because we've been
• 43:16
  holding for what seems like an eternity and we've been waiting
• 43:21
  for this moment forever. So, so we're a little impatient
• 43:26
  right now. We kind of thought that Bitcoin
• 43:28
  would be at least at like 150 right now, right?
• 43:32
  150K and it hasn't happened yet. But that's what huddling is all
• 43:38
  about. It's about maximum pain and it's
• 43:40
  going to happen. And we just got to be patient
• 43:42
  and see how things play out. Agreed.
• 43:45
  Sophie just basically told me to lower my time preference.
• 43:49
  Guys, guys in the chat as I move on, what is the Max Payne
• 43:54
  scenario right here? Is Max Payne sideways a drop or
• 43:59
  is Max Payne just Bitcoin ripping and everyone sitting on
• 44:03
  the sidelines? I, I want to gauge the
• 44:04
  temperature as I hit the transition.
• 44:06
  So in the news, we're going to be talking about the Trump
• 44:08
  media. They are activating the sailor
• 44:12
  strategy. They're going full bullet hard
• 44:14
  on this. So it's getting crazy out here.
• 44:16
  And I, I think I say Sophie was saying earlier, we can't really
• 44:20
  predict how many of these companies are going to do
• 44:23
  something similar. Once that Bitcoin bug hits, all
• 44:26
  bets are off the table and we're seeing it happen in real time.
• 44:30
  So let's chat about it, but drop what Max Payne scenario is in
• 44:33
  the chat. I want to give a shout out to
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• 46:43
  All right, guys, that's all. I want to hit a couple of these
• 46:46
  Max Payne scenarios. The lowest Max Payne is lockout
• 46:48
  rally to the upside. Everyone thinks it's too
• 46:50
  expensive. Again, we have fear.
• 46:52
  Lego dropping probably Max Payne this year on 90K.
• 46:58
  Max Payne is holding all this run.
• 47:01
  Max Payne is ripping. Max Payne is we retest the
• 47:05
  weekly FPG in the 30s. OK let's see so many on the
• 47:09
  sidelines that get left behind. Let's do last one dice forever.
• 47:13
  Max Payne is Bitcoin ripping while everything else in the
• 47:16
  market dumps. Everyone on earth while watching
• 47:18
  Payne while Bitcoin Max has become the new socially.
• 47:22
  Honestly, as much as a Bitcoiner like my Max Payne scenario is
• 47:28
  obvious, like being all in and you know, all our business is
• 47:32
  completely relying on Bitcoin. Max Payne for us would
• 47:34
  definitely be a drop. But when you think of outside
• 47:38
  our ecosystem, I think that's the Max Payne.
• 47:41
  That's the real Max Payne scenario.
• 47:43
  Everyone else, markets are dumping and the price starts
• 47:47
  ripping. And as we saw yesterday, again,
• 47:49
  I don't know if you guys were catching the legendary spat
• 47:52
  between Musk and Trump yesterday.
• 47:54
  We were sitting over here like watching basically soap operas
• 47:58
  on the timeline last night, just having a ball and laughing at
• 48:01
  everyone's commentary. But you know, the world's
• 48:04
  richest man in the world's most powerful man had a very public
• 48:09
  fight and all the markets naked, instantly naked.
• 48:13
  And look at us. Bitcoin is right back up to
• 48:15
  where it was. Whoever is selling their Bitcoin
• 48:18
  because they're fighting is just ridiculous.
• 48:20
  But it got all the way down to like 101 and now we're back.
• 48:22
  It hit 105 earlier. We're back at 1:04.
• 48:25
  So I think the real Max Payne scenario and this is kind of my
• 48:29
  my intuitions, my vibes, vibes, Capital Management take Max
• 48:34
  Payne is Bitcoin ripping while everything else is dumping and
• 48:37
  everyone is just caught off guard on the sidelines that that
• 48:41
  seems like Max Payne scenario. Anyways, let's go into this
• 48:44
  Trump news guys. So this came over Twitter and
• 48:49
  shout out to Bitcoin Mag actually this morning, new
• 48:52
  Bitcoin treasury company Trump Media registers up to $12
• 48:55
  billion in new securities in the new S3 filing.
• 48:58
  And just to kind of look into the press release, it goes
• 49:01
  primary offering of 12 billion, again, 12 billion common stock,
• 49:06
  preferred stock, debt securities, warrants, rights
• 49:09
  units, secondary offering. So I do have a little article
• 49:12
  here kind of explaining and then I have a great tweet from
• 49:16
  someone kind of breaking down the mechanics here.
• 49:18
  So I don't know if you remember, but they did start off and talk
• 49:21
  about we're just, we're going to do a $2.4 billion basically, you
• 49:25
  know, it's Michael Saylor strategy to buy Bitcoin.
• 49:29
  Now it looks like they're raising another 12 billion.
• 49:32
  So in total for you guys back at home, 14.44 billion, I don't
• 49:37
  know, kind of a significant buy here.
• 49:40
  Where's all the Bitcoin coming? So let's read the article and
• 49:43
  then we'll do a full breakdown. So Trump Media stock on retail's
• 49:46
  radar after stock slides 8% on much viewed and dilution
• 49:50
  worries. Trump Media fight a preliminary
• 49:52
  prospectus to offer up to $12 billion in security, raising
• 49:57
  investor concerns over dilution as existing shareholders,
• 50:00
  including the Trump family, see their ownership stakes reduced.
• 50:04
  It really does remind me of the strategy, you know, freak out.
• 50:07
  Everyone's like, oh, sailors issuing way too much stock is
• 50:11
  diluting our shares. And sailors like, hey, guys,
• 50:14
  relax. It's about Bitcoin per share.
• 50:16
  And that is increasing. I'm sure the the MAGA faithful
• 50:20
  that are buying the Trump media stock, they don't understand any
• 50:24
  of this. But it seems like the Trump
• 50:26
  Media Group is starting to understand what Sailor is doing
• 50:30
  and they are doubling down on it.
• 50:31
  So retail sentiment toward Trump Media and Technology Group
• 50:35
  Corporation turned sharply negative on Thursday as
• 50:37
  investors digested 2 major concerns, A deepening political
• 50:41
  feud between Trump and Musk and fears of shareholder dilution
• 50:44
  stemming from a multi billion dollar securities offering.
• 50:48
  The stock closed at 8% at $20 on Thursday, though pre market
• 50:51
  trading showed a modest rebound of 1.9% to 20 point $20.50.
• 50:58
  Of course we don't need to read that, we don't need to read
• 51:01
  that, but here we go. The day G the Donald J Trump,
• 51:05
  the Parent Company, or DGTDJT, the parent company of True
• 51:08
  Social, filed A preliminary prospectus with the SEC for a
• 51:12
  public offering of up to $12 billion in various securities, a
• 51:15
  move seen by many as potentially diluted for current
• 51:18
  shareholders. And just days earlier, on May
• 51:20
  30th, the company disclosed that it had been that it raised 1.44
• 51:25
  billion via equity at $25 and 72 cents per share, an additional 1
• 51:31
  billion in convertible senior notes.
• 51:33
  And the proceeds are earmarked for establishing a Bitcoin
• 51:36
  treasury, making an unusual strategic shift for a social
• 51:39
  media firm. And as a result of these
• 51:41
  finances, the Trump's family ownership stake in DJT dropped
• 51:46
  from 52% to 41%. So again, adding this up, it
• 51:51
  sounds like, you know, they're trying to raise about 14 1/2
• 51:56
  billion to buy Bitcoin. Now, I got a good tweet here
• 52:00
  kind of breaking this all down. Yesterday's Trump media and
• 52:03
  technology DJ TS3 filing officially adopts the Bitcoin
• 52:08
  Treasury strategy, Registers up to $12 billion in new securities
• 52:13
  that can be used to buy Bitcoin. This is in addition to the 2.44
• 52:18
  billion they already raised via private placement.
• 52:21
  Mentioned Bitcoin 362 times compared to just once in the
• 52:25
  prior S3 filing. If they complete the full
• 52:28
  offering, they could theoretically purchase 140,000
• 52:33
  Bitcoin at current prices. And now the S3 requires a form
• 52:37
  effect from the SEC to become effective.
• 52:39
  So this is just a plan, a prospectus of them to create.
• 52:44
  You know this 14 1/2 billion dollars to stack a Bitcoin
• 52:49
  treasury. Again, remember only 450 Bitcoin
• 52:54
  are released daily and we've been showing you the numbers,
• 52:58
  roughly 2 million Bitcoin on exchanges.
• 53:02
  I think the number that I've been hearing, it's been, it's
• 53:04
  been changing from, you know, I think it was 95% of Bitcoin held
• 53:09
  by individuals. I showed you the number earlier,
• 53:11
  62% of that Bitcoin hasn't moved.
• 53:14
  So the majority of Bitcoin is in the hands of the individual.
• 53:17
  Now the real question is where is the Bitcoin coming?
• 53:21
  I've seen a lot of people trolling on the timeline.
• 53:22
  Sophie, it's going to be funny when these Bitcoin treasury
• 53:25
  companies add up all their Bitcoin and and it equals more
• 53:27
  than 21 million bitcoins. So again, something, something
• 53:33
  is going to break here, whether that's the amount of paper
• 53:35
  Bitcoin and we find out that the emperor has no clothes, that
• 53:39
  there's some fractional reserve banking.
• 53:40
  Maybe it's Coinbase doing some iffy stuff.
• 53:43
  I know a lot of people have been saying BlackRock doesn't
• 53:45
  actually have that Bitcoin. Others are saying you can track
• 53:48
  it on the blockchain again. Can you though?
• 53:51
  You can you. Can has someone actually, Yeah,
• 53:54
  yeah. It's like Sony and Checkmatey,
• 53:57
  they've been going pretty hard and tracking that big.
• 53:59
  Allegedly. Obviously we have no
• 54:01
  confirmation, but they swear that all that Bitcoin for those
• 54:05
  ETFs have been accounted for. Again though, where is all the
• 54:10
  Bitcoin? Why is the price going sideways?
• 54:12
  Is everyone in the chat saying like, what is going on here?
• 54:15
  When you're hearing the nation, states, institutions, Bitcoin
• 54:18
  treasury companies raising billions of dollars to buy
• 54:21
  Bitcoin, it's hard to think that we're only going to 150 K this
• 54:26
  year. Well, it makes me just very
• 54:29
  skeptical of the institutions because it's not like they've
• 54:34
  been 100% truthful this whole entire time.
• 54:36
  It's not like they have the greatest track record.
• 54:40
  They could be lying. They could be, you know, they
• 54:43
  could have internally been like we made this product, it's
• 54:46
  called Bitcoin and it's based on Bitcoin and it's based on the
• 54:49
  price. But we issue the shares of
• 54:51
  Bitcoin that aren't actual Bitcoin, but we buy some of it
• 54:55
  so that it can appear as if though we have some bit, you
• 54:58
  know what I mean? Like what if they like rug pull
• 55:01
  us and like do something like that?
• 55:03
  Well, not us because we have our Bitcoin in cold storage.
• 55:07
  But yes, rugging you if you are buying these stocks because you
• 55:11
  think you're going to get a better return than Bitcoin.
• 55:16
  So yes, but how about this tweet here guys?
• 55:18
  And you reminded me of this earlier in the show, you know, I
• 55:22
  know a lot of people out there and, and I've been making fun of
• 55:24
  Nico a little bit because he's, he's gone full MAGA trusts the
• 55:27
  plan. And he, he, he actually hasn't.
• 55:29
  I'm just kind of trolling him. But how's Max Kaiser laying this
• 55:34
  out, which I find very interesting here.
• 55:37
  This is Sailor or sorry, Kaiser's take.
• 55:40
  And I don't know if you're following him on Twitter, but he
• 55:43
  has moved up his 200K prediction to $2.2 million prediction.
• 55:48
  So we're all getting more bullish.
• 55:50
  And you know, this is is when we we enter the parabolic phase is
• 55:53
  when we get way more bullish. But here's Kate Kaiser's take on
• 55:56
  this Trump's plan remove the debt ceiling, print trillions of
• 56:00
  dollars, see the Bitcoin price smash $1,000,000 and then buy
• 56:05
  billions in Bitcoin. I think it might be reversed
• 56:07
  though, you know, print trillions of dollars to buy
• 56:09
  billions in Bitcoin. See the bitcoins price smash
• 56:12
  $1,000,000. That that you know, he that was
• 56:15
  a that was a drop ball by by Kaiser.
• 56:17
  But I don't know. Are we trusting the plan now,
• 56:20
  Sophie Is is he going to just turn on the money printer and
• 56:23
  pump our bags? What's going on here?
• 56:26
  I personally trust DJTA 100%. I'm, I'm team Trump.
• 56:32
  I don't know who Elon is. I I'm sorry.
• 56:36
  I'm I'm definitely going to trust the guy that's going to
• 56:38
  print so much money that it's going to be in unstable.
• 56:42
  Yeah, do it, do it. ASMR printed Donald, I want him
• 56:48
  to do this because it's going to be great for Bitcoin.
• 56:50
  It's just going to accelerate things, you know, and I'm all
• 56:53
  for accelerating things. I'm all for efficiency like stop
• 56:56
  wasting everybody's time. Let's just like, get the ball
• 56:59
  rolling. The quicker you RIP off that
• 57:01
  Band-Aid and make people realize that Fiat just isn't it, that we
• 57:06
  shouldn't be on a Fiat standard, then the faster we can be on the
• 57:11
  road to hyper bitcoinization. And the faster we are on the
• 57:14
  road to hyper bitcoinization, the happier world we will be.
• 57:18
  And then we will regard Donald J Trump as the greatest president,
• 57:22
  whoever lived. Facts.
• 57:24
  Facts eliminate capital gains. He'd be the best president ever
• 57:28
  we have. He he will have to.
• 57:29
  He will have to. I, I think that there's a really
• 57:33
  great argument for just explaining that Bitcoin is
• 57:36
  currency and you can't put a capital gains tax on currency
• 57:41
  that's coming. I don't, I'm not worried about
• 57:43
  that. What I am worried about is not
• 57:46
  purchasing Bitcoin fast enough. Like we got to get this, this
• 57:49
  Fiat printing. We got to we got to Fiat mine so
• 57:52
  that we can buy more bitcoins on like what are you doing?
• 57:56
  Get it together. Get it together Donnie, get it
• 58:00
  together. I want to comment on this zoot
• 58:03
  suit. First of all, love your name.
• 58:05
  Huge fan of zoot suits. Latino and me loves the zoot
• 58:07
  suit. Trump is not a real bitcoiner.
• 58:11
  Get real. Obviously.
• 58:13
  Yeah, I think I think we would agree with you.
• 58:16
  But his son seemed to be real Bitcoiners, and he does listen
• 58:19
  to his children and it seems like they have caught the bug.
• 58:23
  Whether they're just here for the Fiat games, we don't know.
• 58:26
  But they are playing the game of accumulation.
• 58:29
  They are getting that FOMO of I need to buy as much of this as
• 58:33
  possible. So maybe Trump himself isn't a
• 58:36
  real Bitcoiner quote UN quote, but it looks like his family are
• 58:41
  becoming Bitcoiners in real time.
• 58:43
  Let let me just be very clear, Trump is not a real Bitcoiner,
• 58:48
  but I am. And like, that's kind of the
• 58:53
  only thing that I care about. If Trump is a real Bitcoiner or
• 58:57
  not is immaterial to me. If our incentives align, that's
• 59:01
  a net positive for me and everybody who owns Bitcoin.
• 59:05
  Who cares if Trump is a real Bitcoin?
• 59:07
  Like what is this purity test? I thought that was so 2017.
• 59:11
  Like let's leave that in the past.
• 59:13
  Let's take a page from Ross's speech at the Bitcoin conference
• 59:17
  and like unite. Let's unite so that we can get
• 59:22
  to our goal because if we start like picking and choosing and
• 59:25
  whatever like it's, it's just, it's, it's going to hold us back
• 59:28
  like nothing is perfect. Trump is not a real bitcoiner
• 59:31
  and I don't think anyone is saying that he is.
• 59:33
  But it doesn't really matter because we are.
• 59:36
  And that's, that's what's important here.
• 59:39
  Fully look some some Mama Sophie wisdom in here.
• 59:42
  If Trump just gets out of the way, he's a real bitcoiner as
• 59:45
  far as I'm concerned. And Chad's saying Sophie's
• 59:47
  spitting bars. So all right, we'll give Sophie
• 59:50
  some porn. All right, guys, So hey, it's
• 59:54
  Friday, Nico's not here. We do a little trolling.
• 59:57
  I got this meme video. I think it was.
• 1:00:01
  I think it's perfect and it's going to spark a great
• 1:00:03
  conversation. So let's play some memes guys.
• 1:00:06
  I know you've been throwing tomatoes for memes.
• 1:00:08
  Well, I got a meme and it's a long form meme.
• 1:00:11
  All right, So you know, give me give me some leeway here.
• 1:00:14
  You know, they're not on every show, but I'll bring them in
• 1:00:16
  when I can. So we got a meme for you.
• 1:00:20
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  today. All right guys, so as I told
• 1:02:23
  you, the long-awaited semi meme review is back.
• 1:02:26
  I got I saw this video yesterday and I think in the face of all
• 1:02:31
  this drama around the deficit spending and the debt, I wanted
• 1:02:36
  to put it on the show and then I don't have a guest here today.
• 1:02:39
  It's Friday. You know, we're going to we're
• 1:02:41
  going to do some trolling. I literally said that like 20
• 1:02:43
  times that we're going to do some trolling today.
• 1:02:45
  So I don't know if you guys saw this, but I thought this was
• 1:02:48
  absolutely great. Let me pull it up.
• 1:02:50
  I thought I had it here. All right, so this is a meme.
• 1:02:54
  It's a video aliens discussing debt here.
• 1:02:57
  So let's watch this and then we will discuss.
• 1:03:00
  That's about it. I don't know what I found out
• 1:03:01
  the other day. What do you want out the other
• 1:03:03
  day? Did you know the entire Earth is
• 1:03:05
  $315 trillion in debt? Whoa.
• 1:03:09
  Yeah. What?
• 1:03:10
  Who do they owe money to, bro? Who are they getting money from?
• 1:03:13
  It blows my mind that First off, you have everything on the
• 1:03:17
  planet here to live for free. You literally have everything
• 1:03:20
  you need. And then you invent a system
• 1:03:22
  that creates a deterioration of your own resources.
• 1:03:27
  You created a store of value. That's literally early storing
• 1:03:31
  less and less value every day, every day, and you're increasing
• 1:03:34
  your technology, and yet somehow you still owe money to someone
• 1:03:39
  and it's $315 trillion. There's not enough paper to
• 1:03:42
  print that much. Of cash.
• 1:03:45
  What are they doing? Earth is like the worst meme
• 1:03:49
  coin. It's the worst.
• 1:03:50
  It got rugged. OK, all right there you go a
• 1:03:57
  meme for you guys. All right, guys, but it's not
• 1:04:04
  just a meme review because it I think because it kind of makes
• 1:04:09
  it super ridiculous. It does make like a really good
• 1:04:12
  point about like where it who do we owe debt to?
• 1:04:16
  What? Where is this money coming from?
• 1:04:18
  And like they said, you guys invented a store of value that
• 1:04:21
  literally loses value. Like what kind of idiocy is
• 1:04:25
  this? This is why we're Bitcoiners.
• 1:04:26
  And it sounds like they might be more like chick corny, but
• 1:04:29
  they're they seem to be bitcoiners there.
• 1:04:31
  But this is really one of those questions of like guys, and
• 1:04:35
  maybe it works because they're like aliens and they're blue.
• 1:04:38
  If you take an objective look of our system and you pull away all
• 1:04:42
  the emotions and you kind of, you know, you look at it like an
• 1:04:45
  artist, AKA, you know, Elon Musk, and you spurge out on the
• 1:04:48
  timeline, it just makes no sense.
• 1:04:51
  It absolutely makes no sense. And This is why we're Bitcoin is
• 1:04:54
  like, look, there's no debt. You know, you it's not debt
• 1:04:57
  money. It's not fake IOU debt money.
• 1:04:59
  It's computationally energy back money that no one can create
• 1:05:03
  more from. It means we all get richer over
• 1:05:06
  time. It means the whole world's
• 1:05:07
  productivity is now smashed into 21 million Bitcoin.
• 1:05:11
  And you guys don't think this is a good idea?
• 1:05:13
  Like what is wrong with you guys?
• 1:05:15
  What, like in what world doesn't this make sense to you?
• 1:05:18
  But hey, I guess you know, it takes a meme to kind of expose
• 1:05:21
  ourselves to ourselves. So self, I know you were
• 1:05:24
  laughing about this. I got a real good chuckle out of
• 1:05:26
  this. Maybe not like a fool lol but
• 1:05:28
  you know, like a good dad chuckle, which I'm not a dad yet
• 1:05:31
  but you know, allegedly good dad chuckle Sophie.
• 1:05:35
  Damn up dude. Is there something you want to
• 1:05:36
  tell us? I'm just saying I don't know,
• 1:05:38
  OK? I mean, it's funny that they
• 1:05:42
  said there's not enough, there's not enough paper to print all
• 1:05:46
  that money. And it's facts.
• 1:05:48
  Yeah. Because it's just numbers on a
• 1:05:50
  screen. Like they literally just run up
• 1:05:52
  the numbers on a screen and and that's it.
• 1:05:54
  And who do we owe that money to? Ourselves, I guess.
• 1:05:58
  Well, well, you got to remember Sophie.
• 1:06:00
  Debt. What?
• 1:06:01
  What did they say? What did I can blame?
• 1:06:03
  Debt is future money we owe ourselves or whatever.
• 1:06:07
  It's stupid. It's re dicking oh look, I'm
• 1:06:11
  getting trolled now clock is ticking Opti become a father.
• 1:06:14
  Opti OK dude, maybe I already am I don't know you know who knows
• 1:06:18
  who knows All I'm saying all I'm saying is I don't know All I'm
• 1:06:24
  saying is I don't know but one of the the big numbers though
• 1:06:28
  and maybe maybe we got a Fact Check this the number they
• 1:06:31
  started with though $315 trillion in debt.
• 1:06:37
  I've never heard that number, but that's Yep, $315 trillion is
• 1:06:45
  the current estimate for total global debt as of early 2024.
• 1:06:49
  OK. So update this, it's higher than
• 1:06:51
  $315 trillion global debt. Doesn't it go up a trillion
• 1:06:56
  dollars every 100 days? Yeah.
• 1:06:57
  So we're at like 320. Wait 12, maybe 3?
• 1:07:04
  100. No, no, 'cause it says early
• 1:07:07
  2024 every hundred day. 317 Three Almost 3. 318 that's crazy
• 1:07:14
  OK, so that number is increasing is this the point where I pull
• 1:07:19
  up the US debt clock again? I already did it this week.
• 1:07:21
  I already did it this week but are.
• 1:07:23
  You really a bitcoiner if you don't pull up the debt.
• 1:07:26
  Clock and you know, you know the crazy part about this stuff.
• 1:07:28
  I don't know if you saw, but everyone keeps telling me to go
• 1:07:30
  bottom right because it used to have unfunded liabilities here
• 1:07:34
  they completely naked unfunded liabilities from this chart,
• 1:07:37
  which is probably a telling example of just how much money
• 1:07:41
  is. It just keeps racking up and if
• 1:07:43
  I remember correctly, it was in like the hundreds of trillion.
• 1:07:46
  So this national debt on. The.
• 1:07:49
  Screen yeah, exactly that's. What the aliens should have
• 1:07:51
  said. They're like, there's not enough
• 1:07:52
  paper in the like bro, there's not enough space on the screen
• 1:07:56
  to write the number that you need to pay back this debt.
• 1:08:01
  Let's actually one last thing and then we'll wrap up today.
• 1:08:04
  Let's see what is the US unfunded liabilities and then
• 1:08:11
  we'll wrap up today's show. Let's see, did I get the right
• 1:08:15
  one? This is saying 78.3 trillion.
• 1:08:20
  I could have swore it was way higher than that, but hey, oh,
• 1:08:25
  here we go, here we go. We got the number, we got the
• 1:08:28
  number. Some analysts, including broader
• 1:08:30
  future commitments and using different methodologies,
• 1:08:32
  estimate the US fiscal imbalance, including all
• 1:08:35
  unfunded obligations. It is at $162.7 trillion.
• 1:08:42
  Oh, you guys can't even see? It we're just working for free
• 1:08:45
  and everyone is is like just printing it it's.
• 1:08:49
  Crazy. Yeah, you see it here, guys.
• 1:08:52
  And I, I guess I didn't show you the, the debt clock, but you
• 1:08:55
  know, here we go. It's, it's a lot guys.
• 1:08:58
  And it keeps going up. This is why we're bitcoiners.
• 1:09:01
  Those blue alien, those avatars were right.
• 1:09:06
  Why? What?
• 1:09:07
  Who do we owe this money to? This to the numbers that's
• 1:09:11
  unfunded liabilities. No, just like add like the whole
• 1:09:14
  national debt clock to the numbers and be like, this is
• 1:09:17
  what we're fighting against. Yes, actually this.
• 1:09:19
  Is why we Bitcoin. Exactly, Actually great comment
• 1:09:22
  here. And I, and I did, I did bring
• 1:09:24
  this up in the beginning of the week, but Nico was ranting so I
• 1:09:27
  I didn't want to interrupt him. But the interest on the US debt
• 1:09:30
  is the big elephant in the room as debt grows.
• 1:09:33
  And just to show you guys that number, where is it again on
• 1:09:39
  the, oh, here we go again. The interest on the debt is
• 1:09:46
  greater than the money we spend on defense currently at $1.02
• 1:09:52
  trillion interest on our debt and the defense spending is what
• 1:09:59
  904 billion. So that is interesting.
• 1:10:05
  It's it's just to finance his debt, just to pay off the
• 1:10:09
  interest on our national debt. We spend more than all the money
• 1:10:13
  we spend on wars. It's absolutely insane.
• 1:10:16
  It's obviously not sustainable. So on the one hand, you know,
• 1:10:21
  Elon spurging out on the timeline, we totally get it.
• 1:10:25
  On the other hand, you know, the Trump big beautiful bill or
• 1:10:29
  whatever it's called, he's a little more pragmatic.
• 1:10:33
  It got crazy yesterday. I don't even want to get all
• 1:10:35
  into it. You already know, you guys
• 1:10:37
  already saw it. What's going on.
• 1:10:39
  But what a crazy end of the week guys.
• 1:10:42
  It's it really feels like we're in the, you know, 4 turning 4
• 1:10:46
  turning is here. We're Bitcoiners.
• 1:10:48
  We can kind of just sit on the sideline and laugh about it on
• 1:10:52
  Twitter and see everyone freak out.
• 1:10:54
  Just keep stacking. Make sure you have cash flow
• 1:10:57
  coming in. Take that Bitcoin into self
• 1:11:00
  custody and we can just watch all the crazies freak out
• 1:11:05
  because it's only going to get crazier from here anyway.
• 1:11:07
  So if you want to say some last word before we send this one.
• 1:11:12
  Buckle up ladies and gentlemen, because can only go up from
• 1:11:16
  here. OK.
• 1:11:18
  Perfect. Both the debt.
• 1:11:19
  And the number and the number, OK, one last question someone
• 1:11:23
  asked what is the debt per citizen?
• 1:11:27
  You can see here it is 107,854 debt per citizen and then debt
• 1:11:34
  per taxpayer is 323,000 and $51.00.
• 1:11:39
  So that is that is your share you have to pay.
• 1:11:45
  OK, Anyways guys, this was episode.
• 1:11:49
  What is it 1261? It is Friday, June 6th in the
• 1:11:54
  year 2025. As you can tell, I'm here once
• 1:11:57
  again with the wonderful Internet Sophie AKA Nico's wife.
• 1:12:01
  So guys, chill out in the chat, guys, you know, a girl comes on
• 1:12:05
  the show and you guys spurge out in the chat, get outside, cut
• 1:12:09
  some grass, eat some sun, hang out with people you know.
• 1:12:14
  Be be nice to our wonderful Sophie here.
• 1:12:16
  And then for next week, Nico is working on something behind the
• 1:12:21
  scenes. Honestly, I think you might be
• 1:12:23
  stuck with me all week. This itinerary, I keep hearing
• 1:12:28
  it gets pushed back even more. He first said he'll be back
• 1:12:31
  Wednesday. It's looking like he might not
• 1:12:34
  even be back till Thursday. So he might be back Friday.
• 1:12:38
  I'm guessing I'm going to put the team on my back next week.
• 1:12:42
  So you have a whole week of Opti shows.
• 1:12:45
  If you don't like me, you can TuneIn next week or the
• 1:12:47
  following week, but you already know we're going to get highly
• 1:12:51
  bull tarted next week. I have Luke filling in with me,
• 1:12:54
  so you know it. We're going to be going even
• 1:12:56
  harder on the price prediction. We're going to get super bullish
• 1:12:59
  on the show. So I hope you guys have a good
• 1:13:01
  weekend and this has been your boy Opti and the wonderful
• 1:13:06
  Sophie and we will see you next week.
• 1:13:09
  See you guys have a good one. Today's episode was brought to
• 1:13:13
  you by bitcoinwell.com, a Bitcoin only platform on a
• 1:13:17
  mission to enable financial independence.