Latest / Simply Bitcoin / BREAKING: Chamath Predicts $500k by End of 2025 | EP 1003

Transcript

BREAKING: Chamath Predicts $500k by End of 2025 | EP 1003 · Simply Bitcoin

• 0:03
  It's all going to zero against Bitcoin.
• 0:06
  It's going on forever world. You're against Bitcoin, you're
• 0:16
  against freedom, yo. Welcome to smooth Bitcoin live,
• 0:24
  your number one source for the peaceful Bitcoin revolution,
• 0:26
  incorporating news, culture, matic warfare.
• 0:28
  We will be your guide through the separation of money and say,
• 0:31
  ladies and gentlemen, welcome to some of the Bitcoin live, the
• 0:33
  most watched daily Bitcoin live show on YouTube.
• 0:36
  Rumble Annex Sit back, relax, enjoy the ride.
• 0:39
  We have lots of news to talk about today.
• 0:41
  First up, we have a very, very, very, very not only wealthy
• 0:47
  person, but also kind of like famous billionaire.
• 0:50
  He's he Co host this podcast and he's throwing out a 500.
• 0:55
  His name is Shamat and he's throwing out A500K price
• 1:00
  prediction for 2025 and then he breaks out, it's about a three
• 1:05
  minute clip. He breaks out all the reasons as
• 1:08
  to why he thinks that's going to be the case to the point that
• 1:11
  it's actually getting legacy media coverage.
• 1:14
  There is a Forbes article that covered this specific clip, this
• 1:18
  this specific podcast kind of reasoning that he made,
• 1:24
  basically making the case that the Fed, this is to read the
• 1:27
  headline because it's pretty crazy. the Fed quietly admits
• 1:31
  gold is replacing the dollar as collapsed fear predicted to
• 1:35
  trigger a $15.7 trillion ETF Bitcoin price flip, right?
• 1:41
  Basically admitting that holy cow, you know, Bitcoin might
• 1:45
  flip the market cap of gold this cycle.
• 1:49
  Now in itself this is kind of just noise, but ladies and
• 1:53
  gentlemen, you guys know the deal here at Simply Bitcoin.
• 1:55
  We want to connect the dots, right?
• 1:57
  This reminds me of the wording by Semmler Scientific.
• 2:01
  It was another publicly traded NASDAQ company that part of the
• 2:05
  reasoning that they said that they were going to follow micro
• 2:08
  straight Michael Saylor's Bitcoin strategy and adopt their
• 2:11
  own Bitcoin strategy is because they believed that Bitcoin was
• 2:16
  inevitably going to flip gold. So it's just interesting that
• 2:20
  you're starting to hear the same kind of narrative, you know, pop
• 2:24
  up in many different places. And I think it's obvious.
• 2:27
  I think Bitcoin is superior to gold.
• 2:29
  We've told you guys that a million times, but I'll give you
• 2:32
  a quick refresher. 2 main reasons in my opinion, even
• 2:35
  though I'll be honest with you guys and this might be unpopular
• 2:37
  with Bitcoiners, I love that the feeling of physical gold in in
• 2:41
  your in my hand. Like I like the feeling of like
• 2:44
  you have a little one ounce gold bar like it feels good.
• 2:47
  But gold is limited. It has two characteristics that
• 2:50
  I think are inferior to Bitcoin characteristic #1 is its
• 2:54
  physical properties which have led to the centralization of the
• 2:58
  custody of gold. If you hold a large amount of
• 3:01
  gold, it's pretty heavy. And try sending gold from the US
• 3:05
  to India, which is on the other side of the planet,
• 3:08
  instantaneously for pennies on the dollar.
• 3:11
  You can't do it. You're going to have to pay for
• 3:13
  security guards, you know, a cargo ship, like the whole
• 3:18
  night. And some might, some might go
• 3:20
  missing, right? You're going to have to go
• 3:22
  through this whole ordeal just to transport that gold.
• 3:25
  With Bitcoin, you could do this instantaneously, billions of
• 3:28
  dollars, and you pay like a dollar, $2.00 worth of
• 3:31
  transaction fees, right? That's characteristic #1 where I
• 3:35
  think Bitcoin is better characteristic #2 is Bitcoin's
• 3:39
  absolute scarcity, right? There's only 21 million.
• 3:42
  There's no extra Bitcoin floating out in outer space.
• 3:46
  There's no extra Bitcoin underground that we haven't
• 3:49
  tapped into. We know for a fact that there's
• 3:51
  only 21 million, and there's one point, something million left to
• 3:55
  be mined. That's it.
• 3:56
  That's the total market. You know, that's the total
• 3:59
  supply of Bitcoin that cannot be changed, or better said, it can
• 4:03
  be changed, but it's extremely hard to change.
• 4:05
  And anyone running a node, which is why you should run your own
• 4:07
  node, is going to be like, yeah, I'm not going to change the
• 4:10
  supply because that's going to hurt me, right?
• 4:12
  So I think those two things make it superior to gold.
• 4:15
  And what's happening on an institutional level, right, is
• 4:19
  that multiple institutions and very powerful institutions that
• 4:22
  have a lot of money are waking up to this reality, something
• 4:26
  that Bitcoiners have known for a very, very long time, right,
• 4:29
  that Bitcoin is digital gold. But not only is a digital gold,
• 4:32
  it could, it could function as a currency.
• 4:34
  It does. So I mean, that's what, you
• 4:36
  know, the 2nd layers do. Like they enable those, you
• 4:38
  know, small peer-to-peer transactions, like, you know,
• 4:41
  buying a coffee with Bitcoin, you could do that over the
• 4:43
  Lightning Network. It's seamless, it's incredibly
• 4:45
  easy to use, still has a lot of work to be done on lightning,
• 4:49
  but you know, it's getting there, right?
• 4:51
  So in all those ways, Bitcoin is superior to gold.
• 4:53
  And I think the world is slowly starting to wake up to that
• 4:56
  fact. I mean, it's not a coincidence
• 4:59
  that Bitcoin was the best performing ETF in history.
• 5:04
  That's not a coincidence. I think that's a testament to
• 5:07
  Bitcoin superior incentives. In other news, this is something
• 5:11
  that we covered on Friday's episode that you know, I didn't
• 5:14
  even SEO optimize it. I didn't make the title good.
• 5:19
  Like I I wasn't even thinking about it, but basically I was
• 5:22
  making the case that Bitcoin is becoming political.
• 5:26
  Why you have a 2 presidential candidates that are saying we'll
• 5:30
  protect your right to self custody and we'll go against
• 5:34
  central bank digital currencies, which I think are the polar
• 5:36
  opposite of what Bitcoin is and what Bitcoin represents.
• 5:39
  And on the other side, you have a candidate that is anti Bitcoin
• 5:44
  and pro central bank digital currencies.
• 5:46
  They walked it back a little bit because they realized that it
• 5:49
  was unpopular with their voter base.
• 5:51
  But we stuck to our guns. We said no, no, no, no, no.
• 5:54
  They're not a fan of this. And we are right in the dead of
• 5:57
  night. Something that you know, Opti
• 5:59
  has come to learn nowadays as well.
• 6:01
  When there's negative news coming out of the government,
• 6:04
  what they usually do is that they drop it on Friday evening.
• 6:07
  Why? Because it dies over the
• 6:09
  weekend. There is no news cycle.
• 6:11
  And that's exactly what happens. President Biden stuck to what he
• 6:15
  originally said, and he said that he would veto the bill that
• 6:18
  would allow regulated financial firms to custody Bitcoin.
• 6:23
  So make no mistake, even though Biden and Warren are changing
• 6:26
  tune, saying, oh, yeah, we're open to this.
• 6:29
  No, no, no, no. They're completely hostile to
• 6:30
  the industry. The vast majority of their party
• 6:33
  voted no, like 99% of their party voted for a central bank
• 6:37
  digital currency. So it's important to keep aware
• 6:40
  of that. Anyways, no more delay.
• 6:42
  I do want to bring up my legendary Co host who is always
• 6:45
  optimistic and it's one of those days that he continues to be
• 6:49
  optimistic wearing the anti Fiat money club hat.
• 6:52
  What's up Opti, How you doing? I'm doing wonderful, man, life's
• 6:56
  great, life's always great as a big corner.
• 6:58
  And at this point, Niko, I think it's getting repetitive when we
• 7:01
  talk about me being optimistic every single day.
• 7:04
  Come up with like a different dude.
• 7:06
  Optimism is a way of life, guys. This is This is how you have to
• 7:10
  maybe a. Different catch phrase or
• 7:11
  something like? What?
• 7:12
  What are we gonna? What are we gonna come out?
• 7:14
  OK, so no more introducing you as the most optimistic.
• 7:18
  Well, there is days when I'm Prag or no realistic fields
• 7:23
  here. So, you know, there's some days
• 7:25
  where I'm not as optimistic, but it's a, it's a way of life.
• 7:27
  You have to look through the positive lens because we're
• 7:32
  winning. Bitcoin is winning and living on
• 7:35
  the Bitcoin standard's a better way of life.
• 7:37
  And I don't know, maybe maybe that's the new me.
• 7:40
  Maybe. That's the one more time all
• 7:42
  right. I want to introduce my legendary
• 7:44
  Co host Casanova of central bankers.
• 7:48
  Of course, we have Optimus Field, who has slayed Christine
• 7:51
  Lagarde, Augustine Carson, Janet Yellen.
• 7:54
  Miguel, those are the family friendly show.
• 7:55
  What are you doing? What are you doing?
• 7:57
  Is that better? I mean, I like Casanova Fields,
• 8:00
  that works for me, but slaying central bankers maybe taken the
• 8:04
  wrong way. But not in in that sense, in the
• 8:07
  different sense. So anyways, of course you.
• 8:10
  Know you know, our Chad's got a dirty mind, Nika, so you're
• 8:13
  gonna have to figure this one out.
• 8:14
  We got Optimus Fields Casanova of the Central Banking Elites.
• 8:18
  Of course, we got our special guests for today.
• 8:20
  We got Anders in the house. Anders is the organizers of the
• 8:24
  Pleb party and national guys. You definitely don't want to
• 8:27
  miss this Bitcoin party, this Bitcoin celebration.
• 8:30
  We're gonna be talking about it during the culture segment.
• 8:32
  Anders, how was your weekend, brother?
• 8:34
  How you doing? Weekend was good.
• 8:38
  It is a little bit June gloom in Los Angeles, which means it's
• 8:42
  cloudy, which is, I don't know. That's it's, it's kind of new
• 8:46
  for me. So that's sad.
• 8:47
  But I I like, I want to go back to Nico.
• 8:50
  What you're calling Opti here, like Casanova like that.
• 8:53
  I was thinking like pretty boy or something like that, you
• 8:56
  know, handsome. But Casanova's good.
• 8:59
  Casanova fields, I'll take that. I mean like the, you know, the
• 9:03
  central bankers, they they can't have enough of opti, you know,
• 9:06
  so, so like I. Think that's a good thing?
• 9:08
  Well, I know there is. A reason there is a reason that
• 9:11
  they put all so many women achieve power in central bank
• 9:14
  because they heard about Casanova here, so they wanted.
• 9:18
  More We need someone on the inside like we need, we need, we
• 9:22
  need, you know, we need someone on the inside of the.
• 9:25
  I'm the central bankers. Yeah, but like on the inside of.
• 9:29
  Double entendre. Double entendre on that one.
• 9:31
  Saying that, but yeah, yeah. Anyways.
• 9:35
  Anyways, in other news, the Oilers beat the the.
• 9:38
  No dude, let's not talk about this.
• 9:40
  What happened bro? I don't know, man.
• 9:42
  I got, I got devastated and I'm I'm gonna order my Oilers hat.
• 9:47
  So I'll be having it soon. It'll come in the mail.
• 9:50
  I'll be wearing an Oilers hat on the show.
• 9:53
  I, I don't know, I'm, I'm devastated.
• 9:54
  Bandwagoning on the Stars was not a good look.
• 9:57
  But the Oilers are America's team now.
• 9:59
  Blue collar hockey players that are going to take down the
• 10:03
  Panthers. I don't know anything about
• 10:05
  hockey, but now we got to make sure that they beat the
• 10:07
  Panthers. Let's go Panthers, this is the
• 10:11
  Florida hockey team. I don't even know Florida has a
• 10:13
  hockey team. It's crazy.
• 10:14
  Anyways, guys, it's going to be a hell of a show.
• 10:16
  Lots to unpack today, but before we get started, I do want to
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  Promo code Simply at the time of recording, the Bitcoin price is
• 13:32
  69,150. Corrections Steven Dre says
• 13:37
  Florida Panthers and Tampa Bay. So there's two in Florida.
• 13:41
  I don't know why there's two hockey teams in Florida, but
• 13:43
  I'll take it. This is how much Nico and I know
• 13:46
  about hockey. We're just bandwagoning on them.
• 13:48
  We. Went to Canada and we're like,
• 13:49
  all right, we're hockey fans. And apparently I didn't even
• 13:52
  know this, but like the Florida Panthers Stadium is like 20
• 13:55
  minutes away from my house. Like it's like relatively close
• 13:59
  anyways. Bitcoin price at the time of
• 14:01
  recording is 69,160 SATS per dollars, 1446 block height
• 14:06
  846,368 blocks to having 203,632 having estimate March 22nd 2028
• 14:15
  total lightning network capacity 4734 Bitcoin capacity value 327
• 14:21
  million U.S. dollars. Realize monetary inflation
• 14:24
  1.62%, the market capitalization of Bitcoin, one .36 trillion
• 14:30
  Bitcoin versus gold market cap 8.45% in the grand scheme of
• 14:35
  things. We're just getting started.
• 14:37
  We're going to talk about that gold market cap today because I
• 14:40
  think it's a very, very interesting topic.
• 14:42
  But anyways, there's about 700 of you guys watching live
• 14:45
  between YouTube and X and another 30 of you guys watching
• 14:49
  that live on Rumble. Guys.
• 14:50
  It really, really helps the channel if you guys smash the
• 14:53
  like button. So if you guys are enjoying the
• 14:54
  show so far takes literally 2 seconds, smash that like button.
• 14:58
  Consider subscribing if you feel like we're providing you value
• 15:01
  so far. All right, everybody.
• 15:03
  So I do want to get to today's like headline topic and some
• 15:07
  some observations, some observations about Bitcoin.
• 15:10
  I've been in Bitcoin for eight years now and it always takes
• 15:14
  the path of most pain. I can't emphasize this enough.
• 15:18
  It always does the thing the exact opposite thing of what
• 15:22
  everyone is thinking. And Anders has been here since
• 15:26
  the 20/16/2017 era. Opti's been here too and they
• 15:30
  can testify to that. What happened in 2017 was an
• 15:34
  absolute effing mania. It went from 1000 to $20,000 in
• 15:39
  the span of a year. It went absolutely bonkers. 2018
• 15:43
  was a hell of a hangover. 2021 we had something kind of
• 15:49
  opposite. What happened in 2021.
• 15:51
  A lot of us got PTSDA. Lot of us did not feel good
• 15:55
  about it. American Hoddle wrote a post
• 15:57
  about this, right? The 2021 bull market was not
• 16:00
  good to the class of 2016. Class of 2017.
• 16:04
  Why is that? Well, I mean, it wasn't a blow
• 16:07
  off top. It was kind of like a double.
• 16:09
  It was like a like a double top. We'll get to, we'll get to that
• 16:12
  in a second. When I'm generally feeling this
• 16:15
  time around is I think a lot of people feel bearish.
• 16:20
  And I think the reason as to why they feel bearish is because of
• 16:23
  what happened in 2021. And the general feeling is 100
• 16:27
  KA, 120KA150K. That's what they're, you know,
• 16:31
  that's what they're feeling. They're feeling like, OK, this
• 16:33
  is this is, this is what they're feeling.
• 16:35
  And this is kind of like the, the majority of people that I
• 16:38
  see on Bitcoin Twitter. That's what they're saying.
• 16:41
  And my argument to my argument is always the general consensus
• 16:45
  is always wrong. The market will do the exact
• 16:48
  opposite of what everyone believes it's going to do
• 16:52
  anyways. So let's talk about what
• 16:55
  happened in 2021. And I can't emphasize this
• 16:59
  theory enough because I don't see any other Bitcoin content
• 17:02
  creator or any kind of Bitcoin influencer or anyone with a big
• 17:06
  following talking about this enough.
• 17:08
  But I think it's a big effing deal, the 2021 bull market.
• 17:12
  And for audio listeners, I'm gonna have to describe this to
• 17:15
  you. I believe it was cut short for
• 17:18
  one simple reason. You can sprinkle in the FTX
• 17:21
  stuff in there. You could talk about it, you can
• 17:24
  make an argument for it. But I think the main reason as
• 17:27
  to why we didn't hit 100K in 2021 and I think we were
• 17:31
  destined to was because of the China man mining ban.
• 17:36
  And the argument for for you guys is very simple.
• 17:38
  You guys don't have to trust me. You can verify this yourself.
• 17:42
  Here is the Bitcoin price which is peaked at first it peaked at
• 17:47
  60,000 eight 20th of April 2021. Right after that came a 50%.
• 17:56
  That's that blue line for everyone watching us on video
• 17:59
  came a 50% hash rate drop from 150, 1000 Tera hashes to 100 and
• 18:10
  to 87 Tera hashes. So literally almost 50%.
• 18:15
  As the hash rate recovered and those miners relocated to more
• 18:19
  favorable jurisdictions, so did the price.
• 18:22
  Now, why would the price crash 50% from 60 K down to 30 K?
• 18:28
  Because all those miners needed to sell their Bitcoin and they
• 18:32
  needed to sell their infrastructure, which is causing
• 18:35
  downward cell pressure in order to relocate to more favorable
• 18:39
  jurisdiction. So it kind of makes sense.
• 18:41
  You can make an argument that the CCP attacked the price of
• 18:45
  Bitcoin on the last run up on the last bull market.
• 18:49
  And that's why I believe we had this double top.
• 18:51
  That's why I believe we didn't get this this blow off top.
• 18:54
  But to go back to what I was saying here, I think that caused
• 18:58
  a lot of PTSD in people. In my opinion.
• 19:00
  I think a lot of people are kind of like, oh man, you know, this
• 19:04
  sucks. Like I don't know what's going
• 19:06
  on. So again, if the general
• 19:09
  consensus is bearish and that's kind of the feeling that I'm
• 19:13
  getting this bull market, I think, you know, Bitcoin tends
• 19:16
  to do the exact opposite. Now getting back to what I was
• 19:19
  saying in the opening monologue in regards to Shamat, right, So
• 19:23
  this is a Forbes article. The headline is the Fed quietly
• 19:26
  admits gold is replacing the dollar as collapsed fear
• 19:30
  predicted to trigger a $15.7 trillion ETF Bitcoin price flip.
• 19:36
  It goes on to say I highlighted the parts now after U.S.
• 19:39
  Treasury Secretary Janet Yellen issued a serious warning over
• 19:43
  the swelling 34 trillion U.S. debt pile.
• 19:46
  Former billionaire in all in podcast Bestie Shamat has
• 19:51
  predicted Bitcoin could, quote, completely replace gold as
• 19:54
  countries adopt it, potentially pushing its market
• 19:57
  capitalization towards gold 15.7 trillion.
• 20:02
  It goes on to say, quote, there's an increasing, there's
• 20:05
  an increasing body of countries that will become dual currency.
• 20:10
  They will look at their local currency and they will look at
• 20:12
  Bitcoin and they will say both of these two things are needed.
• 20:16
  The 1st for when they're transitioning on a daily basis
• 20:19
  for goods and services, and the second, when you need to buy a
• 20:22
  permanent asset that needs to have residual value, they'll buy
• 20:26
  Bitcoin. I completely agree.
• 20:28
  Anyways, here's the clip that I'm talking about where Shamat
• 20:32
  kind of breaks this down, I believe on his podcast that he
• 20:36
  does with a bunch of other kind of like Silicon Valley
• 20:39
  successful entrepreneurs. Here's a clip.
• 20:42
  It's about two minutes and 55 seconds.
• 20:44
  I'll play it and then we'll talk about it.
• 20:45
  And so I was really curious and so I had a guy on my team,
• 20:48
  Quentin, put this together. So Nick, let me just let's go to
• 20:50
  the first page. So why is this interesting?
• 20:52
  So here's a little Bitcoin price analysis for you guys.
• 20:54
  So there's been a couple of having cycles that have
• 20:56
  happened. And I asked him to go back and
• 20:57
  look at the price performance one month after having three
• 21:00
  months, six months, nine months, 12 months and 18 months after
• 21:03
  having. What you notice is that there
• 21:06
  are these moments initially where essentially when you go
• 21:10
  through a Bitcoin halving, people are sort of reassessing
• 21:13
  what's happening and they're trying to figure it out.
• 21:15
  That's sort of what I would say is happens in the first month
• 21:17
  and roughly what also happens in the first three months.
• 21:20
  But then within six months to a year and 18 months of these
• 21:23
  things, there are these crazy price appreciation cycles. 18
• 21:27
  months after the first halving, the Bitcoin price returned 45 X.
• 21:32
  After the 2nd halving, it returned almost 28 X and after
• 21:36
  this third halving, it returned almost an 8X.
• 21:39
  And so if you, if you graph that, this is what it starts to
• 21:42
  show, which is what is this price performance after each of
• 21:45
  these having cycles, theoretically, if history is a
• 21:48
  guide, we should see some price appreciation.
• 21:51
  Obviously, the other thing that's happened is we've
• 21:52
  commercialized Bitcoin and we talked about this sort of as my
• 21:55
  big prediction for 2024, which is these ETFs are really going
• 21:59
  to allow Bitcoin to cross the chasm and have its sort of
• 22:02
  central key moment. And so if you apply the
• 22:05
  averages, and again, these are just averages, they're by no
• 22:08
  means predictions. OK.
• 22:09
  So I just want to qualify that this is not financial advice.
• 22:12
  It's not financial advice. These are just, yes, it is.
• 22:14
  We took these and we applied it to the price of Bitcoin.
• 22:16
  And if you go to the next page, you start to see what could
• 22:19
  happen if you just take the average of the last few cycles.
• 22:23
  So because the first cycle was so extreme and you start to.
• 22:26
  Oh, so you're just doing cycle two and three here, to be clear.
• 22:28
  Just the averages of cycle two and three, and what you start to
• 22:31
  see is some really meaningful appreciation.
• 22:34
  There are a lot of countries that will never look at Bitcoin
• 22:38
  credibly, even if they supported.
• 22:40
  The US may be one of those, But there's an increasing body of
• 22:43
  countries that will become dual currency and they will look at
• 22:47
  their local currency and then they will look at Bitcoin and
• 22:50
  they will say both of these two things are needed.
• 22:52
  One, when you're transacting on a daily basis for random goods
• 22:55
  and services, and two, when you need to buy a permanent asset
• 22:59
  that needs to have residual value, you'll use something like
• 23:01
  BTC. And I think that's a very
• 23:03
  powerful concept. And if you look at what this
• 23:06
  price chart could indicate is that if this thing starts to get
• 23:11
  to these levels of appreciation, it is going to completely
• 23:14
  replace gold and start to become something that has transactional
• 23:19
  utility for hard assets. And I think if you marry that
• 23:22
  with this worry that some folks have about dollar debasement,
• 23:25
  you start to see some really interesting opportunities.
• 23:27
  So I just thought that this was a interesting thing that he that
• 23:30
  he, here's our disclaimer, interesting thing that he put me
• 23:32
  on. I thought I'd share that with
• 23:33
  you. I'll publish this on Twitter,
• 23:34
  but that's your crypto corner for the year, folks.
• 23:37
  So I find that extremely interesting and like I said, the
• 23:42
  general consensus that I feel right now is bearishness.
• 23:47
  I'll put it to you, this guy, and I know this is going to like
• 23:50
  hit some heartstrings with you guys.
• 23:52
  We're currently at $69,000 Bitcoin.
• 23:56
  Do you feel anything? Do you feel euphoric?
• 23:59
  Do you feel excited or do you feel bored, right?
• 24:03
  We're at all time highs of 2021 and what do you feel?
• 24:07
  You feel bored, right? That's what you feel.
• 24:09
  You're like this is boring. Even though we're at literally
• 24:11
  all we're crabbing at all time highs and we're just like like
• 24:16
  junkies like come on, bro. Like do something like that.
• 24:20
  You have to understand like the the market is, is it's emotions
• 24:24
  driven and it's like it's it's psychology driven.
• 24:27
  Now feel it like feel it. Ask yourself, what do you feel
• 24:29
  right now? Do you feel good at all time
• 24:32
  highs? No, you're like a junkie saying
• 24:34
  I want more, right? It's only until you get uberly
• 24:38
  euphoric to the point where it's like it's nonsensical to the
• 24:42
  point where you start doing stupid shit.
• 24:44
  Like you know, exactly someone in the comrades bored as fuck.
• 24:48
  When you start doing super shit like leveraging your Bitcoin,
• 24:51
  which I don't recommend, you know, you start selling your
• 24:54
  kidney for Bitcoin. You know, you're like, I don't
• 24:56
  have enough. You start doing stupid shit.
• 24:59
  Is that when you can, you can make the argument That's when
• 25:02
  we're entering the mania phase. I think we're very far away from
• 25:06
  that because Bitcoin Twitter's kind of eating each other.
• 25:10
  We're bored. That's the general feeling of
• 25:12
  it. And I think that 100K-150 Ki
• 25:18
  think a lot of people would be kind of disappointed with that,
• 25:20
  right? You wouldn't get that euphoria,
• 25:22
  right, Jazz that wise Jenks, unless you're watching simply
• 25:25
  Bitcoin. Appreciate that brother.
• 25:27
  So anyways, here is Thomas. I believe he's part of Hey
• 25:30
  Apollo and I think this is an updated graph cause the one that
• 25:35
  we use from Jesse Myers has about a six hundred $600 billion
• 25:39
  market cap. This has a $1 trillion market
• 25:42
  cap. So it's closer to, you know,
• 25:44
  closer to where it is right now, which is 1.36 trillion.
• 25:49
  I'll get to that in a second. Anyways, says today Bitcoin
• 25:52
  makes up point 1% of the world's wealth by 20-30.
• 25:56
  It's 5%. Total global asset grows from
• 26:00
  900 trillion to one 1500 trillion.
• 26:05
  One Bitcoin equals .05% of the 1500 trillion divided by 21
• 26:12
  million equals $3.5 million per coin, right?
• 26:17
  Does that sound so absurd that out of the total asset, you
• 26:22
  know, total assets of the world, Bitcoin makes up 5% of that?
• 26:29
  I, I don't think that's absurd at all.
• 26:30
  I don't, I don't think, you know, I don't think that's too
• 26:34
  crazy. It currently only constitutes
• 26:36
  .1% of the world's wealth. Now let's kind of go back to the
• 26:40
  gold thing because I think that's the clear, that's the
• 26:44
  imminent thing. I think that's the thing that
• 26:46
  we'll see either this cycle or the next cycle depending on how
• 26:50
  it all plays out. So we'll take the current market
• 26:52
  cap of gold, which is 15.7 trillion divided by bitcoins
• 26:57
  current market cap 1.36 trillion and that equals 11.5.
• 27:03
  So it's 11.5 X for our you Bitcoin D gen's out there 11.5 X
• 27:09
  times 69 K is about 800,000 Bitcoin.
• 27:15
  So what I was saying, I think it was an episode on on one episode
• 27:20
  of of last last week's show is get to one Bitcoin, $800,000 is
• 27:26
  a lot of money. That's enough to buy you a
• 27:28
  house. That's enough for you to if you
• 27:31
  do it responsibly, that's definitely gonna that's
• 27:35
  definitely gonna be not most people have $800,000, right?
• 27:40
  That's what I gotta say about that.
• 27:42
  And then of course, that's just the first inning, right?
• 27:46
  That's the first inning of Bitcoin story.
• 27:48
  I think it's going to go a lot higher than that.
• 27:50
  And that's why I showed you that $3.5 million number, which is
• 27:54
  absolutely absurd. But I, I, I still think like, is
• 27:57
  it that crazy that Bitcoin makes up 5% of the global reserve
• 28:04
  assets even though it is the superior asset?
• 28:07
  You can't look, you can buy real estate, but you can't bring real
• 28:10
  estate with you. You can buy gold, but try going
• 28:14
  through an airport with a bunch of gold bars in your bag.
• 28:16
  Try it. Let me know how it goes.
• 28:18
  You can memorize a word, a 12 word seed phrase.
• 28:21
  You can bring that Bitcoin with you.
• 28:23
  You can send it instantaneously. You can buy coffee with it,
• 28:27
  right? It's the superior asset.
• 28:29
  You with a piece of real estate, even real estate, because real
• 28:32
  estate is seem in the eyes of a lot of older people is like the
• 28:36
  asset. It's the thing that you want to
• 28:38
  have. You still have to pay property
• 28:40
  taxes on that. That's brutal.
• 28:42
  In Florida. It's like 2%, man, 2%, You know
• 28:45
  what that is like? Especially if it's like a like a
• 28:48
  $5,000,000 home that that sucks, man.
• 28:50
  You know, Bitcoin, that's not the case, right?
• 28:53
  So I think Bitcoin is the superior asset.
• 28:56
  I think that's why it was the best performing ETF of all time.
• 29:00
  I think that's why you're starting to see other Fortune 5,
• 29:03
  sorry, other NASDAQ publicly traded companies following in
• 29:07
  the steps of Michael Saylor. I think that's why you're gonna
• 29:10
  see that trend to continue. I think that's why you're seeing
• 29:13
  multiple countries, the Kingdom of Bhutan, El Salvador, and
• 29:18
  Kenya all announcing that, hey, they're going to put, they're
• 29:21
  going to team up with these publicly traded miners and mine
• 29:23
  Bitcoin. I think that's why you're seeing
• 29:25
  all of that. I think that you're seeing the
• 29:27
  game theory of Bitcoin play out now.
• 29:29
  You're seeing Bitcoin cross into the political sphere.
• 29:32
  That's why you're seeing it play out.
• 29:34
  This wouldn't be happening unless Bitcoin adoption was
• 29:38
  happening. This wouldn't be happening
• 29:41
  unless Bitcoin had the incentives to attract people to
• 29:45
  adopt it, right? Fiat requires coercion.
• 29:49
  Bitcoin relies on incentives. And going back, doubling back to
• 29:53
  the hash rate graph that I showed you guys in the
• 29:55
  beginning, remember when the China mining ban happened, that
• 29:59
  hash rate didn't recover within nine months because there was a
• 30:03
  central party saying plug in your miners or you're going to
• 30:06
  go to jail. It was bitcoins incentives
• 30:09
  alone. It was people pursuing profit,
• 30:13
  and by pursuing profit, they plug those miners back in.
• 30:17
  It decentralized the hash rate in the process, therefore making
• 30:20
  the Bitcoin network stronger, and the hash rate recovered and
• 30:24
  then the price recovered. I don't think we're going to
• 30:26
  have a mining ban this time since the majority of the miners
• 30:30
  are located in in the United States, which is a more
• 30:32
  favorable jurisdiction. But anyways, that's my take on
• 30:36
  all this. Dude, I think Shamat makes a
• 30:39
  good case and I think we have PTSD.
• 30:42
  Opti, I'm gonna, I'm gonna lay it up to you, bro.
• 30:44
  I think we have PTSD from 2021. We lived 2017 was too good to
• 30:50
  us. It was too good for it spoiled
• 30:52
  us. So we were heading into 2021
• 30:54
  thinking we're going to get a 2017 again.
• 30:57
  Holy shit. And you know what?
• 30:59
  Bitcoin did the exact opposite of what everyone predicted.
• 31:02
  And now I'm starting to see us PTSD as fuck.
• 31:06
  Jaded, right? Opti and I have.
• 31:08
  I've survived, you know, the battle and the trenches
• 31:11
  together. Anders has been in there with us
• 31:12
  too and now we're looking at 2021-2022 and we don't know what
• 31:16
  to think. We're like dazed and confused.
• 31:18
  We're like shell shocked soldiers. 1000 yard stare.
• 31:21
  Like what? What?
• 31:22
  I don't know what to think of this, but all I know is that
• 31:25
  we're at $68,882 and I'm bored as fuck.
• 31:30
  I'm like a soldier waiting for battle.
• 31:32
  I know the battle's gonna come, but like, I'm bored.
• 31:35
  I'm like, you know, I'm like, you know, you guys are gonna
• 31:37
  mentally picture this like smoking the cigarette in the
• 31:40
  trenches. We all know the time is coming.
• 31:42
  The whistle's going to blow for us to go over the trenches and
• 31:46
  charge. But it's, it's, it's, it's like
• 31:48
  time is happening in slow motion.
• 31:50
  It's not happening yet, man. So anyways, I know that's all
• 31:54
  subjective, but I think I'm on to something.
• 31:57
  Opti, how do you feel? Yeah, I mean, I'm pretty like,
• 32:00
  you know, Full disclosure, I'm, I'm, I'm totally bored with this
• 32:03
  price. Like.
• 32:05
  Like, you know. I I all right here, hold on
• 32:08
  contacts PSAI know everyone always says like the price of
• 32:12
  Bitcoin is an important yada, yada, yada.
• 32:14
  You know, we don't speculate on the show, whatever, whatever,
• 32:17
  but guys, everyone loves when the Bitcoin price starts
• 32:20
  pumping, when it's been, you know, historically, I think this
• 32:24
  has been the worst bear market on record.
• 32:27
  Even the what was, is it the the Mount Gox bear market?
• 32:30
  I forget what the year was. I think it was 2013, if I'm
• 32:32
  remembering correctly, like that was two years.
• 32:35
  And I think this is a longer bear market.
• 32:38
  And so I think a lot of us are feeling that pain.
• 32:40
  I know I've had conversations with some of my friends.
• 32:42
  They probably don't publicly say it, but we're all literally like
• 32:45
  that one meme where the guys like poking the Bitcoin logo,
• 32:49
  like, can you please do something right now?
• 32:51
  And every time the price starts pumping, everyone's like really
• 32:54
  happy about stuff. And it's always remember or it's
• 32:58
  always important to remind yourself that how Bitcoin price
• 33:02
  moves, like it makes crazy moves in very short time spans.
• 33:05
  And that's why we always say time in the market beats timing
• 33:08
  the market because there's a a long period of a lot of pain and
• 33:12
  then a very small time period of things going crazy.
• 33:16
  And we're geniuses. And I think we're starting to
• 33:19
  get into that, that time frame where we're going to be the
• 33:22
  geniuses. And again, you know, we always
• 33:25
  say like the price is the the least important metric of
• 33:28
  Bitcoin, but I am coming to the opposite opinion where I
• 33:32
  legitimately think that the price is probably one of the
• 33:35
  most important metrics of Bitcoin because it's a real time
• 33:37
  metric of people's understanding of Bitcoin.
• 33:40
  And of course, as the price goes up, like we all get wealthier,
• 33:44
  but that is what gets people to FOMO into Bitcoin.
• 33:47
  And of course, 4 million the Bitcoin is not the best thing to
• 33:49
  do. But I remember in 2017 when I
• 33:52
  got into Bitcoin, the only reason I got into Bitcoin was
• 33:54
  because of the FOMO price. And when we got into 2017, it
• 34:00
  was absolutely crazy. And I'm reminded of that one
• 34:02
  classic trope of once the shoeshine boy starts talking
• 34:05
  about the stocks, then you know, it might be getting frothy and
• 34:08
  you're at the top. Well, we haven't got there.
• 34:10
  Bitcoin is back at all time highs and no one cares about it.
• 34:14
  And me and Nico have some metrics on the on the back end
• 34:16
  for social media and like the the engagement in Bitcoin and
• 34:21
  even quote UN quote crypto content has completely fallen
• 34:24
  off the Cliff. So you can tell that people
• 34:26
  really are just like tuning out of Bitcoin.
• 34:28
  It kind of goes back to that other meme of sell in May and go
• 34:32
  away. And we're kind of in that time
• 34:34
  frame where people are just tuning out summers around the
• 34:36
  corner and they're like, man, Bitcoin do something and no one
• 34:40
  really cares. And, you know, go watch the
• 34:42
  Bread and Circus and we're kind of joking about being Stars fans
• 34:45
  or hockey fans now, even though me and Mika don't know anything
• 34:47
  about hockey at all. But I think it's very important
• 34:50
  to remember. And on that point of, oh, you
• 34:54
  know, the price of Bitcoin is irrelevant.
• 34:56
  No one cares. And you know, it's not about the
• 34:58
  price of of Bitcoin in Fiat terms, but the world is priced
• 35:01
  in dollars right now guys and the world is getting repriced in
• 35:04
  Bitcoin. But with that said, I do like
• 35:07
  500K price predictions. Like I know it's going to go
• 35:11
  there eventually like but. Hold on if.
• 35:14
  It goes now. It'd be great this.
• 35:16
  Is what I mean bro. This is what I mean exactly.
• 35:18
  And these aren't even all the metrics we we have on the back
• 35:21
  end, but this is a good one. We have we have we have more
• 35:23
  detailed metrics, but like, look, look, look at the FOMO in
• 35:27
  2017 a hundred right in 2021. This is what I mean by we got
• 35:33
  blue balled PTSD, right? It only reached 51 with that
• 35:37
  double top. And then this latest run up
• 35:40
  where we went from 16 K to 7069 K.
• 35:45
  The interest is only like literally only 68.
• 35:49
  Just why I refer to this kind of OG picture of these World War
• 35:55
  One soldiers kind of sitting in a trench, except for the one on
• 35:59
  the left that's clearly Ruston. But you know, like, you know,
• 36:06
  like Opti's like somewhere here. I'm this guy in the middle.
• 36:10
  Where's, where's the more jaded guy?
• 36:12
  Maybe this is me. That's Anders.
• 36:15
  A little bit more happy. No, it's probably me looking at
• 36:19
  it, but that's definitely Ruston for sure.
• 36:22
  But anyways, Anders, what's your take on?
• 36:24
  Wait, wait, one last thing I want to say one last thing I
• 36:25
  want to say because it is kind of culminating what everything
• 36:29
  in the chat is saying. I'm old enough to remember that
• 36:32
  Chamov was AVC coiner in 2017. And I think this is a good
• 36:37
  signal of where we are in the cycles where everyone comes back
• 36:40
  and starts Oran watching their predictions and they're like,
• 36:42
  now we're bitcoiners. So you know, after this point in
• 36:45
  the cycle is when things start to get frothy and the price is
• 36:48
  actually going to start ripping. So I love these price prediction
• 36:53
  because for us as bit corners have been around for a long
• 36:55
  time, it it's probably noise, but for new people coming into
• 36:58
  the space, I think these are good frameworks for people to
• 37:01
  grab or, you know, grasp what is actually going on.
• 37:04
  And then they end up at simply Bitcoin and we tell them the
• 37:06
  same thing every single time. It's Infinity divided by 21
• 37:10
  million. It's going up forever.
• 37:12
  You know, you got to play hungry Hippo with Bitcoin or for my
• 37:15
  millennials out there, play Pokémon with Bitcoin.
• 37:18
  You got to catch them all. Continue to stack stats, take it
• 37:20
  into cold storage. This is how you win.
• 37:23
  The exit is going into Bitcoin. You are not looking for a Fiat
• 37:26
  exit. It's about stacking and storing
• 37:28
  Bitcoin for as long as humanly possible, or as long as you
• 37:31
  know, individually possible at this point anyways.
• 37:34
  Going on to that, that man rested in the chat.
• 37:40
  Rested in the spider man meme right now.
• 37:41
  Oh man. Anders, any any last thoughts
• 37:45
  before we move on to the news? Yeah, sure.
• 37:47
  I mean pretty much Dido to everything you said.
• 37:52
  I, I, I don't feel anything. I remember when we hit the old
• 37:56
  time high in in 2020, when we finally after three years got
• 38:00
  back to $20,000 and Twitter was euphoria.
• 38:05
  It was amazing. It was a party like the memes
• 38:08
  coming out with, with music and it was pumping up.
• 38:11
  And now it just, I feel nothing at this getting back to 69.
• 38:15
  Granted, we've also been here for a couple of months, haven't
• 38:18
  we? So it's only got more boring.
• 38:20
  And yeah, the the whole one more thing.
• 38:25
  I just want to say to that. I agree, Nico, that at 21 we got
• 38:31
  quote UN quote cheated for, you know, we were likely going to go
• 38:34
  a lot higher. But there's the Chinese minor
• 38:36
  band, there's FTX, there was a hawkish fed that all probably
• 38:42
  played in. So I just want to say I don't
• 38:44
  believe in some people think that there's diminishing returns
• 38:48
  on these cycles. I think that was kind of a one
• 38:51
  off and I do expect that we will see a a really significant bull
• 38:56
  run going into probably the end of next year.
• 39:00
  I mean from now and until the end of next year.
• 39:02
  And I find it hard to imagine that we're not hitting at least
• 39:05
  250,000 and your half a million is on the table probably
• 39:09
  somewhere in between. So so and I enjoy the moon juice
• 39:13
  you were sharing there with with Chamath and and the other
• 39:17
  arguments. It's Monday morning, we need
• 39:20
  some opium. It's Monday morning and also
• 39:22
  like, I, I don't, I don't like to like, I'll be honest with you
• 39:25
  guys. Like, I don't like to, you know,
• 39:27
  make like share these price predictions unless they come
• 39:31
  from reputable notable people. So like, if it's like Adam back
• 39:35
  or, you know, like a successful billionaire like Shamath, like,
• 39:38
  I'll, I'll share it just because I want, I want you guys to be
• 39:41
  exposed to the, the logic behind what they're saying.
• 39:47
  Like when Samson Mao made that $1 million prediction, like this
• 39:51
  is an OG, You know, his, his, his logic is sound.
• 39:55
  And it's always a good idea to, you know, to talk about it.
• 39:58
  Plus, you guys really seem to enjoy these episode as well.
• 40:00
  So we want to give you guys what you guys want.
• 40:03
  Hit them with the Hopi and then hit them with the with the.
• 40:07
  Especially after Friday's episode.
• 40:09
  Man, Friday's episode was a little bit dark.
• 40:11
  I'll be honest with you guys. Anyways, I do want to give an
• 40:14
  extremely special shout out to our sponsor.
• 40:18
  And of course, I'm talking about the Pleb Party in Nashville, TN.
• 40:22
  It's gonna be hosted the day before the largest Bitcoin
• 40:26
  conference in the world, Thursday, July 25th.
• 40:29
  It's a 12 hour open bar from noon to midnight.
• 40:33
  Pleb Party in Nashville confirmed attendees so far
• 40:36
  include Larry Leopard, Preston Pish.
• 40:38
  The entire Simply Bitcoin crew is gonna be there including
• 40:41
  Nikko, Sophie, Opty, Rust and John James Lavish will be there.
• 40:46
  Robert Breedlove bum bum, Mark Moss pubby, Kaden Turnham and
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  Adam O'Brien. Amazing venue at a rustic
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  automobile factory from 1910 with brick walls and tons of
• 40:58
  proof of work atmosphere. Over 1000 Bitcoin plebs are
• 41:02
  expected to attend. The last Pleb party in Miami was
• 41:05
  sold out eight days before the conference, so you want to get
• 41:08
  your tickets quickly. I believe there's only like
• 41:10
  20-30 tickets left at the two $100 price point and the prices
• 41:15
  will go up. Last time I was literally
• 41:17
  rejected at the door, but only because of Niko's proof of stake
• 41:21
  did they let me in, Right. So you do want to get your
• 41:24
  tickets because if you don't have your tickets, they will
• 41:26
  reject you at the door. And this is the event to be, I
• 41:29
  promise you, you go to the Bitcoin conference, you want to
• 41:32
  find out what everyone's doing. They're going to be at the club
• 41:34
  party and you're not going to be able to buy tickets at the door.
• 41:37
  So you want to get your tickets quickly.
• 41:38
  And I hope to see you guys in the flesh at the pleb party in
• 41:42
  Nashville because it's going to be an awesome Bitcoin
• 41:45
  celebration. Scan the QR code or check the
• 41:48
  link in the video description. By the way, seems like the QR
• 41:51
  code wasn't working the last week or so, so we we figured it
• 41:55
  out before the show. You can scan it or you can check
• 41:58
  the link in the video slash podcast description.
• 42:00
  All right, everybody, let's move on to the news.
• 42:03
  Lots to talk about the Daily News.
• 42:10
  I want to give a shout out to our sponsor Foundation Devices.
• 42:14
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  If you're thinking about getting your Bitcoin off exchange
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  changes, this is the one for you Check out the passport link in
• 43:04
  the show notes below to learn more.
• 43:06
  All right, everybody listen, do you do you want to be in a
• 43:10
  situation where you know your grandchildren talk to you and
• 43:14
  they say, hey grandpapa, why don't we have our Bitcoin?
• 43:19
  Do you have any Bitcoin? They're like, no, I lost it and
• 43:23
  they'll be like why? Why'd you lose it grandpapa?
• 43:25
  Well, because I left it on Coinbase and I didn't use a self
• 43:30
  automatic self custody Bitcoin platform, nor did I get myself a
• 43:33
  Bitcoin hardware wallet. So if you don't want to put
• 43:36
  yourself in that situation where your grandchildren could
• 43:38
  potentially hate you because you're not passing on your
• 43:40
  generation of wealth, it's probably a good idea to get
• 43:42
  yourself a Passport hardware wallet by Foundation devices,
• 43:45
  which you could pair up with the Envoy app.
• 43:47
  Makes spending cold storage Bitcoin incredibly easy.
• 43:51
  And yeah, use an automatic self custody Bitcoin platform so you
• 43:55
  don't get rug pulled by the platforms anyways.
• 43:57
  So we called this on Friday. I don't know what else to say.
• 44:01
  This is, you know, kind of like walking it back from the Biden
• 44:06
  White House because they realized that it wasn't popular
• 44:09
  with their demographic that they quote UN quote hate crypto and
• 44:13
  hate Bitcoin and they're very hostile towards the industry.
• 44:17
  And we said, you know what? It it, it's common sense.
• 44:21
  If you can't be a pro Bitcoin candidate and be pro CBDC, you
• 44:28
  and the reason for that is simple.
• 44:30
  If two exists, people are going to naturally flow to Bitcoin.
• 44:36
  So the only way that you're going to get a CBDC system to
• 44:40
  work kind of work, not really is to coerce people into using a
• 44:44
  CBDC. So you can't have both.
• 44:46
  Like it doesn't make sense. And if you guys want to see a
• 44:50
  real life example of that, take a look at what happened in
• 44:53
  Nigeria, one of the first countries to completely roll out
• 44:57
  a CBDC. It's called the Enira.
• 44:59
  Completely bombed, very low adoption.
• 45:03
  Why? As much as they talk about
• 45:05
  efficiency of payments blah blah blah blah blah, it's because it
• 45:08
  didn't fix the fundamental reason as to why people seek an
• 45:11
  alternative in the 1st place. And that reason is inflation.
• 45:14
  That reason is currency debasement.
• 45:18
  So you can't have a pro Bitcoin and pro CBDC candidate that is a
• 45:23
  LARP, right? So right now in this election,
• 45:25
  in the 2024 presidential election in the United States,
• 45:29
  you have two candidates. You have, you have 3 candidates,
• 45:31
  you have RFK Junior, you have Donald Trump, both are pro
• 45:36
  Bitcoin, anti CBDC. You have the other candidate on
• 45:40
  the other side, Joe Biden, which is anti Bitcoin, pro CBDC.
• 45:45
  That is what's on the ballot. Don't care about all the other
• 45:48
  issues. We called it on Friday.
• 45:50
  We said they were Larping. And you know what?
• 45:52
  In the dead of night. For anyone who's not in media
• 45:55
  and is not aware of this tactic, I highlighted it to Opti, and
• 45:59
  Opti has never been able to Unsee it ever since.
• 46:02
  When you want a story to die and when you don't want a story to
• 46:06
  get attention, the government or the media, what they'll do is
• 46:10
  that they'll release the story at 3456 PM on Friday.
• 46:16
  They get away with it because they said that was a work day.
• 46:19
  That wasn't the weekend, but the the story dies over the weekend
• 46:23
  as people unplug from work. People are most interested in
• 46:27
  the news cycle between giving you a little bit of inside
• 46:30
  baseball here between Monday and Thursday.
• 46:32
  That's really when they care. They're at work.
• 46:34
  They kind of want to unplug. They want to see what's going on
• 46:36
  Friday after Saturday, Sunday, they unplug.
• 46:39
  They don't really care anymore. They announced this on Friday
• 46:44
  night. That is not a coincidence.
• 46:46
  And what is this talking about? This is talking about President
• 46:49
  Biden vetoes bill that would allow highly regulated financial
• 46:53
  firms to custody Bitcoin and crypto goes on to say I'm I'm
• 46:58
  returning here with without my approval of HJ resolution 109, a
• 47:03
  resolution that would disapprove of the SCC staff accounting
• 47:07
  bulletin. What is that accounting
• 47:08
  bulletin? Well, it would allow highly
• 47:11
  regulated financial firms to custody Bitcoin.
• 47:14
  Now, why wouldn't they want that?
• 47:15
  Well, as soon as those firms start to benefit from number go
• 47:20
  up technology, all of a sudden those bonds, those treasury
• 47:25
  bills don't look as attractive and all of a sudden, guess what
• 47:29
  happens? People start seeking
• 47:30
  alternatives to government money, to the government system.
• 47:35
  That is how they're in power. That's their source of power.
• 47:38
  Their source of power is their control on money and their
• 47:41
  ability to create money for free that everyone else has to work
• 47:44
  for. Now they continue to say my
• 47:46
  administration is eager to work with Congress to ensure a
• 47:49
  comprehensive, balanced regulatory framework for digital
• 47:52
  assets, building on existing authorities, which will promote
• 47:56
  the responsible development of digital assets and payment
• 47:59
  innovation and help reinforce United States leadership in the
• 48:02
  in the global financial system. You know what I call utter
• 48:06
  bullshit? Because you know what is
• 48:08
  irresponsible? What's irresponsible is like
• 48:12
  printing 40% of the historic money supply in a year.
• 48:17
  You know what is irresponsible? Literally all this fiscal
• 48:20
  spending that we cannot afford, therefore pushing asset prices
• 48:25
  through the roof. Therefore, if you're a
• 48:27
  millennial, if you're a zoomer, you cannot afford a house,
• 48:30
  you're outpriced of the housing market completely.
• 48:34
  You can't afford groceries, you can't afford to get by.
• 48:37
  You guys have all seen those viral TikTok videos of like, I
• 48:40
  work two jobs. I don't understand.
• 48:42
  I don't get what's going on. I still can't pay for things.
• 48:46
  And then they're telling you to your face, hey, Thanksgiving has
• 48:49
  actually gotten cheaper this year.
• 48:51
  So they can't take responsibility for their
• 48:54
  actions. They're not responsible
• 48:57
  themselves, even though they have the power of the money
• 48:59
  printer and they're not even using the power of the money
• 49:02
  printer to benefit Americans or benefit their citizens.
• 49:06
  They're sending all that money overseas to fund foreign wars.
• 49:11
  So when they're trying to dictate to me about all this
• 49:15
  responsibility and balance, regulatory framework, that is a
• 49:19
  complete and utter, that is a complete and utter LARP, that is
• 49:23
  gaslighting, gaslighting to its finest.
• 49:26
  You guys don't give a shit about any of this.
• 49:29
  You guys care about one thing and one thing only, the power to
• 49:33
  create money for free that the rest of us peasants, because
• 49:37
  that's the way that you guys look at us have to work for,
• 49:40
  right? So that's what the Biden
• 49:42
  administration is currently. That's their stance on this.
• 49:46
  On the other side, like we said on Friday, you had RFK and Trump
• 49:50
  that are completely on the other side.
• 49:52
  I think even RFK went out to say that, you know, he would
• 49:55
  consider backing parts of the US dollar with Bitcoin.
• 49:59
  And also crazy news, I think this came out yesterday.
• 50:02
  Trump breaks ground as first president to allow Bitcoin
• 50:06
  lightning donations for campaign.
• 50:08
  That's right. You can now donate to a
• 50:11
  presidential candidate using the Lightning Network.
• 50:15
  So I don't know about you guys, man, but look, I'm tired of the
• 50:18
  Larping. I'm tired of the grand standing,
• 50:20
  you know, hiding behind the coattails of all this legitimacy
• 50:25
  and the emblem. And look, we're the Federal
• 50:28
  Reserve. We know what's best.
• 50:30
  There's going to be no inflation.
• 50:31
  Like, I'm tired of the bullshit. No banker went to jail for 2008.
• 50:36
  Why is Ross Albrecht, why is he still in there?
• 50:39
  Why is Julian Assange still in jail?
• 50:41
  You know what, like they just convicted Trump.
• 50:43
  Like, why is all this shit happening?
• 50:45
  I, I'm tired of the grandstanding.
• 50:47
  It's all bullshit. You guys don't even live up to
• 50:49
  your own rules, right? There's like a news that came
• 50:52
  out where the, the, the, the Pentagon is missing billions or
• 50:57
  10s of billions of dollars. They're just gone.
• 51:01
  Like, they don't know what happened to it during the
• 51:03
  auditing, during the accounting, right?
• 51:05
  But then at the same time they're trying to pass bills
• 51:07
  where like every $600.00 transaction needs to be
• 51:09
  accounted for. So it's like the issue aren't
• 51:13
  the laws themselves. The issue is that clearly this
• 51:15
  is a 2 tier system. If you're on the side of the
• 51:18
  elites, you play by a different set of rules that the rest of
• 51:22
  us, the way they see us, the rest of us deplorables, the rest
• 51:25
  of us peasants are expected to play by.
• 51:28
  And Bitcoin is the is, is the protest to it.
• 51:32
  It's the revolution. That's why they don't like it.
• 51:34
  That's why they are trying to shut it down because they can't
• 51:38
  have that. You can't control people if
• 51:41
  they're no longer using your money, right?
• 51:43
  You can't control people if they're no longer consuming your
• 51:46
  information. And this is what it's about.
• 51:49
  This is why we call this a peaceful revolution because
• 51:52
  that's fundamentally what it is. So anyways, it's crazy that
• 51:56
  bitcoins on the ballot and yeah, like, you know, it's it's rules
• 52:01
  for thee, but not for me. Don't believe in, in the, in the
• 52:06
  gaslighting, don't believe in the bullshit.
• 52:08
  They're, they're Oh yeah, now they're interested.
• 52:10
  No, no, no, no. Don't pay attention to what they
• 52:13
  say. Pay attention to what they do.
• 52:15
  As long as they're voting for central bank digital currencies,
• 52:18
  they're by definition against Bitcoin.
• 52:21
  And that's what I'm paying attention to anyways.
• 52:23
  I'm going to pass it on to Opti and then Anders.
• 52:27
  You mean pretty boy? Anyways, go ahead.
• 52:31
  Nova. Yes, exactly exactly.
• 52:33
  This is me. I know I look ugly on stream but
• 52:35
  you guys haven't seen me in person now.
• 52:37
  Anyways. Look guys, I haven't voted since
• 52:40
  2008 and I felt like I got scammed and I honestly felt like
• 52:44
  I was never going to vote. Or rather, I plan to probably
• 52:47
  never vote again. But I think it is becoming very
• 52:52
  important, at least to this point.
• 52:53
  And I know voting's political theater and all that stuff, but
• 52:56
  hey, the way the system's set up, you know, I the way I see
• 53:00
  things right now, it's like we say all the time, it's Bitcoin
• 53:03
  or slavery. One is 1 politician's being
• 53:06
  actively against Bitcoin and one is seemingly at least saying he
• 53:09
  is pro Bitcoin. And so since Bitcoin is on the
• 53:13
  ballot and even freeing Ross Ulbricht seems to be on the
• 53:16
  ballot, I might actually vote this year.
• 53:19
  But as the classic meme goes, you know, don't don't believe
• 53:23
  what they say. Watch what they do.
• 53:25
  And we're seeing more and more receipts onto what is happening.
• 53:29
  And the Biden administration is 100% against Bitcoin.
• 53:33
  They may have, you know, shifted the tide a little bit, shifted
• 53:36
  the rhetoric a little bit and approved the ETF gone full D
• 53:40
  Gen. And now they come back and
• 53:42
  they're like, yeah, banks can't custody Bitcoin.
• 53:44
  And personally, I don't really care whether banks custody
• 53:47
  Bitcoin. This is about you, the
• 53:48
  individual custody in your own Bitcoin.
• 53:50
  But if they keep fighting Bitcoin in all of its various
• 53:55
  alterations or, or, you know, various tentacles that it's
• 53:58
  starting to manifest into traditional finance, then it's
• 54:01
  becoming very clear that they obviously don't like Bitcoin.
• 54:05
  And of course, like I don't care about banks custody Bitcoin, of
• 54:08
  course that's going to happen eventually.
• 54:10
  I just would much rather find myself in a position where we at
• 54:15
  the very least potentially get four years of cover so that we
• 54:19
  can continue to build out the Bitcoin network and build out on
• 54:23
  the Bitcoin adoption. But hey, you know, it is what it
• 54:27
  is here. We are just seeing very clearly
• 54:29
  that one is at least talking favorably in our direction and
• 54:33
  one is actively fighting us. And I'm really reminded of a
• 54:36
  tweet that I put out over the weekend that it gets very nasty
• 54:40
  when the slaves fight for their masters.
• 54:41
  And this is an election year, so things are going to get even
• 54:44
  crazier. But with all that being said,
• 54:48
  the Biden administration just going full acceleration against
• 54:51
  Bitcoin, I don't know, like I'm kind of torn up here.
• 54:54
  You know, part of me as the tinfoil, the reigning tinfoil
• 54:57
  hat person on simply Bitcoin, I'm like, let them fight
• 55:01
  Bitcoin. Let's accelerate this.
• 55:02
  This is going to be great. At the very end of the day,
• 55:05
  Bitcoin will win. And then on the other side, it's
• 55:07
  kind of something that we've been talking about here a lot is
• 55:09
  like, hey, 4, four years of cover would be would be a lot.
• 55:13
  I think it'd be a lot better if we weren't all being thrown into
• 55:16
  the gulags. So I don't know, it's becoming
• 55:19
  very interesting here. But as I say all the time, the
• 55:21
  only vote that matters is with your pocketbook and with your
• 55:24
  feet. And I don't want to leave
• 55:25
  America, so I vote with my feet. So you need to continue to stack
• 55:29
  Sats, continue to defund the state.
• 55:32
  Make sure that you are taking as much of your purchasing power,
• 55:36
  as much as your work and labor and time out of the Fiat system
• 55:41
  and putting it into Bitcoin. And that's how we win.
• 55:43
  And make sure that you are continuingly having these
• 55:46
  conversations with your friends and family and hopefully waking
• 55:49
  them up because it's, it's going to get nasty.
• 55:53
  Yeah, I I am very convinced it's going to get even nastier.
• 55:56
  And of course Bitcoin protects us.
• 55:58
  Bitcoin fixes this. But hey, I'd much rather have at
• 56:03
  least seemingly having some cover by the great Leviathan
• 56:07
  saying that Bitcoin is good versus actively fighting us.
• 56:10
  But at the very end of the day, the good guys will win.
• 56:12
  Bitcoin's gonna win, so just keep stacking.
• 56:15
  Dude, I I gotta before I press it on to Anders.
• 56:17
  And by the way, shout out to the 1400 of you guys watching live
• 56:22
  between YouTube rumble and X. If you guys are ensuring
• 56:25
  enjoying the show, make sure to smash that like button really,
• 56:28
  really helps with the algos. I gotta read this comment, man.
• 56:31
  So the Fridays episode was really interesting 'cause we
• 56:34
  went more into detail in regards to this topic and we went
• 56:38
  completely outside of the Overton window.
• 56:40
  And we just guys, check out the episode if you're interested,
• 56:43
  because there are things that we normally wouldn't say on a
• 56:46
  regular simply Bitcoin episode. But I'm checking out the Rumble
• 56:48
  comments and that was the best performing episode unroll in the
• 56:52
  wild Opti, which is absolutely hilarious.
• 56:56
  But just going to read some of these best Nico monologue ever.
• 57:00
  This is the war room of Bitcoin. It will grow, morph as needed,
• 57:03
  thrive. Love you guys, you know, and
• 57:06
  just just more more. There will be a more more
• 57:12
  comments that I can't say on YouTube, but just check out the
• 57:15
  rumble comments for Friday's episode.
• 57:17
  Absolutely hilarious. So I'm glad I'm glad you guys
• 57:19
  like that type of content. But we well.
• 57:21
  It's interesting. It's interesting.
• 57:23
  The Rumble comments are like hell yeah, that episode was
• 57:25
  great. And some people on YouTube are
• 57:27
  like, it's interesting. And it's.
• 57:28
  Interesting that it performed well on Rumble and it's
• 57:31
  interesting not on YouTube and we didn't optimize it for
• 57:34
  YouTube to be fair, but it didn't perform that well on on
• 57:36
  YouTube. It's are are the scales tipped a
• 57:39
  little bit? I I didn't say it.
• 57:41
  Anyways, Anders, what are your thoughts on all this brother?
• 57:46
  I'm, I'm, I'm just bullish man. What, what can I say?
• 57:52
  Which which topics in particular do you want our our comment on?
• 57:56
  Yeah, I mean the, the basically just like dude, like, you know,
• 57:59
  you're an American man. You, you know, you live in this
• 58:01
  country. What are your thoughts on
• 58:04
  Bitcoin becoming political? It's it's crossing the political
• 58:08
  cosm. You know, you have one party
• 58:11
  taking a specific stance, you have the other party taking
• 58:14
  another stance. What's what are your thoughts on
• 58:15
  that? Right.
• 58:16
  So I think first and foremost in terms of the political, I think
• 58:22
  it's interesting to see that Biden and the the the Democrats
• 58:26
  and and I know you're apolitical here, but we're just talking
• 58:29
  facts. It it it does seem that they are
• 58:32
  the most anti Bitcoin and the theory is that they kind of are
• 58:39
  the ones that are sponsored by deep state, AKA the central
• 58:43
  banking owning families and and that whole because all the
• 58:47
  policies coming out of there seems to be anti anything that
• 58:53
  is threatening the money monopoly.
• 58:55
  You know, power comes from money and if you own the money
• 58:58
  printer, you have power and kind of unlimited when you can just
• 59:01
  print. So it.
• 59:03
  But it's nice to see that because of the amount of voters
• 59:06
  now having the exposure to Bitcoin, that they're kind of
• 59:10
  have to become positive towards Bitcoin and say, Hey, we'll
• 59:15
  protect your ability to self custody.
• 59:17
  So so good to see those things coming from RFK junior and and
• 59:21
  and Trump as in terms of if we talk Bitcoin only, they are more
• 59:25
  pro. So that's good to see that and
• 59:27
  central banking digital currencies.
• 59:29
  This is such an attack on, on on humanity and and on freedom and
• 59:33
  our right to spend our money on what we want.
• 59:36
  I doubt that they'll ever see the the light of day and and
• 59:40
  being launched. But if they do, it'll just be an
• 59:44
  even worse version of the dollar, which is already
• 59:48
  digital. People go like, oh, but then the
• 59:50
  dollar will be digital. It's already digital.
• 59:52
  Like I don't usually use physical dollar.
• 59:55
  I have some in the wallet like everyone, but you're using
• 59:58
  credit card. You you'll I luck into my sin.
• 1:00:01
  Like my online banking account, I, you know, transfer money.
• 1:00:04
  It's, it's, it's, it's already digital everything.
• 1:00:07
  So yeah, it's it, but it's and also I think a reminder is a
• 1:00:12
  good, good thing to remember that even though parts of the
• 1:00:16
  establishment is fighting Bitcoin, we also have the SEC
• 1:00:19
  approved 11 Bitcoin ETFs in January.
• 1:00:22
  So you know, there's powers as well pushing for Bitcoin.
• 1:00:27
  And I think as the amount of Bitcoin has grow with each
• 1:00:30
  cycle, four year cycle triggered by the halving like we spoke
• 1:00:33
  about earlier, which is super bullish with each cycle, they'll
• 1:00:39
  just be more and more votes in, in being pro Bitcoin.
• 1:00:43
  So I'm super optimistic, maybe not as much as as Mr. Casanova
• 1:00:50
  here, but yeah, I'm super bullish and optimistic about
• 1:00:54
  humanity's future and Bitcoin's future.
• 1:00:56
  Amen. Amen.
• 1:00:58
  Really good take, Andrews, really good take.
• 1:01:00
  All right everybody, before we get on to the culture talk about
• 1:01:03
  the pleb party in Nashville, I do want to give a shout out to
• 1:01:06
  our sponsor. And of course, I'm talking about
• 1:01:08
  the Orange pullout. Find local bitcoiners, events
• 1:01:11
  and merchants near you and you could do that with the Orange
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  Pull app. They are the Bitcoin social
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  layer stack friends who stack sats, join the 10,485 bitcoins
• 1:01:21
  that are currently on the app has very two very cool features
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  has a clever filtration system, so you'll only find fellow
• 1:01:28
  bitcoiners on the application, and it also has a really cool
• 1:01:31
  geographical feature. So if you're in a new city, if
• 1:01:33
  you're traveling, it will literally show you the
• 1:01:36
  bitcoiners that are near you. It's also one of the best ways
• 1:01:39
  to reach me directly. I appreciate all the messages
• 1:01:42
  that you guys sent me over the weekend.
• 1:01:43
  I just I just replied to all of them on Sunday.
• 1:01:46
  So if you guys want to reach me directly, find me on the orange
• 1:01:49
  pilap. You could also find Opti on the
• 1:01:51
  orange Pilap as well, and I believe Anders, right?
• 1:01:53
  So guys, download the orange pull up today, scan the QR code
• 1:01:56
  or check the link in the video description.
• 1:01:59
  All right, everybody, let's hit the culture, the daily culture.
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  All right, Opti, it's all yours, my friend.
• 1:03:17
  Let's go, boys and girls. Well, of course, we're here with
• 1:03:21
  our boy Anders throwing what will be the best party in
• 1:03:25
  Nashville. So if you're going to Bitcoin
• 1:03:27
  Conference 2024 in Nashville, you want to be at the pleb party
• 1:03:31
  July 25th. So Anders, I know we did the ad
• 1:03:34
  read People are aware. 12 hours of partying with Bitcoiners at
• 1:03:39
  an awesome old rustic venue. But let's not talk about the
• 1:03:44
  specifics. We'll talk about the specifics
• 1:03:46
  at the end about the party. Let's talk about just the
• 1:03:48
  importance of hanging out with bit corners and why they should
• 1:03:51
  end up at this party in the first place.
• 1:03:53
  All right, that's that's exactly what I wanted to get into Opti.
• 1:03:57
  For me, since the first time I went to a major Bitcoin event,
• 1:04:01
  which was Miami in 21, it was always about hanging out with my
• 1:04:06
  Bitcoiner friends and already the ones I, you know, I knew
• 1:04:11
  from from Twitter. But also you meet new Bitcoin of
• 1:04:16
  friends and the value of that is and the joy of that, I think is
• 1:04:20
  you don't know that until you've tried it.
• 1:04:22
  You, you guys both do it. And we meet at most of the North
• 1:04:26
  American Bitcoin events. It's, you know, we're fighting
• 1:04:31
  this every day, essentially a freedom fight for humanity.
• 1:04:35
  We are in the trenches as as Nico also was saying earlier,
• 1:04:39
  and with other Bitcoiners. We have you know, when we are
• 1:04:42
  fighting this fight, family and friends, a lot of them think
• 1:04:45
  we're nuts. We're crazy with tinfoil hat.
• 1:04:47
  But when you then meet with other Bitcoiners real life and,
• 1:04:50
  and you're with these people that you have this weird set of
• 1:04:54
  values that is different from, you know, the rest of society,
• 1:04:57
  but we are aligned and beyond this common mission, it's just
• 1:05:01
  amazing. I love it.
• 1:05:02
  So, so that's why, you know, without getting, you know, I
• 1:05:04
  know you shouldn't get into specific, but having 12 hours of
• 1:05:07
  that with an open bar is probably, you know, going to be,
• 1:05:13
  it's the best possible experience that I, that I could
• 1:05:15
  think of. That's why I'm, I'm putting it
• 1:05:17
  together like that. But it's, yeah, it's, it's the
• 1:05:21
  1st, the club party I organized was LA in 22.
• 1:05:25
  And the feedback I got after the conference from people, which I
• 1:05:28
  did not even anticipate, was that a lot of people came up to
• 1:05:33
  me and said they enjoyed the conference more because now they
• 1:05:37
  had friends and knew people when they went to the conference.
• 1:05:40
  So it elevated the conference experience.
• 1:05:43
  And I think, you know, I think that's what it's about.
• 1:05:46
  It's, it's, it's a social experience and it, it, it, it
• 1:05:53
  increases, you know, your, your network and, and, and the amount
• 1:05:57
  of friends you have. And also, I think very
• 1:05:59
  importantly, I've known, I know a lot of Bitcoiners that say
• 1:06:03
  once they yeah, that is open bar once, once if, if you want a job
• 1:06:12
  in this industry, one level or another, that all happens
• 1:06:16
  through meeting other Bitcoiners in real life.
• 1:06:19
  And, and most of them have amazing stuff that they're
• 1:06:23
  doing. And you can't tell most of us
• 1:06:25
  look like poor people, right when we, when we go out because
• 1:06:28
  we're hodlers and wearing 5 year old shoes and all of that,
• 1:06:31
  right? But but people have some like a
• 1:06:34
  working on amazing stuff and have a tremendous, you know,
• 1:06:38
  resources one way or another. So I'm super poor.
• 1:06:40
  I don't own any Bitcoin. Yeah, I'm, I'm trying to get to,
• 1:06:44
  to being a whole corner before the price escapes me.
• 1:06:48
  And it's it's looking tough at this point to be honest as, as
• 1:06:51
  we're headed towards half a million anyway.
• 1:06:55
  One example of that actually, I mentioned Pacific Bitcoin 2022.
• 1:06:58
  I met these two guys from Czech Republic that they came to the
• 1:07:03
  party and then I met them at the party right after the the
• 1:07:06
  conference as well. And I thought it would, that was
• 1:07:08
  awesome. These, these two guys from Czech
• 1:07:12
  that came all the way to LA to, to be at a Bitcoin conference
• 1:07:14
  and, and at my party. And then I was speaking to them
• 1:07:18
  at the party after like a shutdown party, Swan hat and,
• 1:07:22
  and it, it turned out they were organizing BDC proc.
• 1:07:25
  So I, I told them back then, Hey, if you, if you want any
• 1:07:28
  help, I'd love to come in and be part of it somehow.
• 1:07:31
  And so that meant I was there last year.
• 1:07:33
  Now this year it have been upgraded to mainstage during the
• 1:07:37
  General Admission conference, emceeing the stage and I'll be
• 1:07:42
  introducing Michael Saylor next week.
• 1:07:44
  Incredible. In Prague.
• 1:07:46
  So that's gonna. Congratulations, Freaking
• 1:07:47
  awesome. Thank you.
• 1:07:49
  And it's all from coming and being real life and connecting
• 1:07:53
  with all the Bitcoiners. All right, enough said.
• 1:07:55
  I know that was a long. Round well.
• 1:07:57
  Yeah, I want to keep going there, but I do want to
• 1:07:58
  emphasize something you said, Anders, and and it's something
• 1:08:01
  that I talk about constantly and I probably don't say it enough
• 1:08:04
  on the show is this idea of like the lone wolf meme, you know,
• 1:08:07
  like we all have this idea of like we're the lone wolves.
• 1:08:10
  You know, like I don't need to be a part of the tribe or like,
• 1:08:12
  you know, I don't need anyone. I'm a Sigma whatever person.
• 1:08:16
  Like I am. I'm, I'm OK with and comfortable
• 1:08:19
  with being the black sheep, but I think it's very important.
• 1:08:22
  And, and we're even seeing this with politics right now, which
• 1:08:24
  is probably why everyone's trolling us in the chat and
• 1:08:26
  calling us simply politics right now is like our political stance
• 1:08:30
  is about furthering the individual.
• 1:08:32
  And with that comes with this idea of we're more powerful with
• 1:08:35
  numbers. And yes, as much as we all kind
• 1:08:37
  of think of ourselves as lone wolves, you know, we're maybe
• 1:08:41
  leaders of our own community, but we're much more powerful in
• 1:08:45
  person. And This is why it's so awesome
• 1:08:47
  to go to events like what Anders is throwing is so that you
• 1:08:50
  actually take these connections off the Internet into real life.
• 1:08:53
  And you never know who's in your neighborhood or in your
• 1:08:56
  community or in your network. That is also an awesome bit
• 1:08:59
  corner that you can also facilitate these incredible
• 1:09:03
  connections and start to build things like Nico and I met on
• 1:09:06
  the Internet and finally met in person.
• 1:09:08
  And here we are, what, three years later doing simply Bitcoin
• 1:09:12
  And like, you can do this at Anders club party in Nashville.
• 1:09:15
  So it's absolutely incredible. But yeah, Anders, continue on
• 1:09:19
  some of these stories. What?
• 1:09:19
  What are some other epic stories about the parties you've thrown
• 1:09:22
  in? Pass.
• 1:09:23
  Right, so. After at that.
• 1:09:27
  Very same party where I spoke more with Matthias and Martin
• 1:09:31
  doing BDC proc. And by the way, the first time I
• 1:09:34
  thought, and again, this is real life, you know, this is what
• 1:09:36
  happens when you meet with other Bitcoiners and they hadn't done
• 1:09:39
  BDC proc before and they said, oh, they're making this Bitcoin
• 1:09:42
  conference for 10,000 people in proc.
• 1:09:45
  And I was thinking, yeah, sure, this is your first conference.
• 1:09:48
  Like it like people are always super optimistic when they when
• 1:09:51
  they launch something, but it's a lot harder to actually, but
• 1:09:54
  they had 10,000 people coming at their first conference.
• 1:09:57
  So that, that, that blew my mind.
• 1:10:00
  But also at that same Swan shutdown party after their first
• 1:10:05
  specific Bitcoin Sailor was there and, and everybody wants
• 1:10:09
  to talk with, with, with Sailor. And the thing with, with these
• 1:10:12
  guys, they're, they're at the top of the pyramid.
• 1:10:14
  I like, I have my own company in Dubai that I started.
• 1:10:18
  And, and the problem is when you are like the founder and CEO,
• 1:10:22
  then all of a sudden you're not part of the team anymore.
• 1:10:25
  People don't give you shit. They laugh at your bad jokes
• 1:10:27
  even. And it's, it's just not like
• 1:10:29
  socially it's bad. It's much more fun to be part of
• 1:10:33
  the team, right? And you can shoot the shit,
• 1:10:35
  etcetera. And so I thought Sailor probably
• 1:10:41
  is even more so in that position.
• 1:10:43
  He, you know, no one gives him shit.
• 1:10:45
  So I thought maybe he'd appreciate that.
• 1:10:47
  So I went up to Sailor who never heard about the pleb party,
• 1:10:50
  obviously never heard about me, obviously, why would he have?
• 1:10:53
  And I just said, hey, Sailor, I love everything that you do, but
• 1:10:57
  why didn't you show up to my pleb party?
• 1:10:59
  And, and Sailor started explaining like why he didn't
• 1:11:04
  show up and like of course he never heard about it.
• 1:11:07
  But the point I want to get to is like this guy's a geek a
• 1:11:10
  chat. He's a gigger cyber Hornet as
• 1:11:12
  well. Sailor showed up at the 2nd pleb
• 1:11:16
  party organized and that was awesome.
• 1:11:18
  So in Miami on the rooftop, Sailor was amongst the first
• 1:11:22
  people to arrive. Granted, he probably had three
• 1:11:24
  VIP dinners to go to afterwards, but but Sailor showed up.
• 1:11:29
  So the people that got there early, and that's my
• 1:11:31
  recommendation is to get there early.
• 1:11:34
  They got to have a conversation with Sailor, right?
• 1:11:37
  I know Elizabeth who helps me out on on some of my stuff.
• 1:11:43
  She turned around in the line in the bar and behind her was
• 1:11:46
  Sailor and the line for the bar. So, you know, you never know who
• 1:11:51
  turns up. But both of the previous one
• 1:11:54
  have been extremely well visited also by these, you know, big
• 1:12:00
  well known smart content producing minds of of Bitcoin.
• 1:12:04
  And once again in Nashville, simply Bitcoin will be there.
• 1:12:08
  And this time Niko doesn't have to try and spring the door or or
• 1:12:12
  or break in. He's actually gonna be there.
• 1:12:15
  I have the Miami training 'cause you, you, I grew up on Miami
• 1:12:19
  Beach, so I know how to get into the door.
• 1:12:22
  But yeah, man, I, I, I, you know, I got lucky 'cause they,
• 1:12:26
  there was no tickets in the front of the door and they
• 1:12:28
  didn't let me in. I had to wait for you, Anders,
• 1:12:31
  right? And then, you know, hopefully
• 1:12:33
  Anders let me in. But yeah, if you don't get a
• 1:12:36
  ticket, you're not going to be let inside this party.
• 1:12:39
  And this is where all your friends are going to be there
• 1:12:43
  when, you know, they go to the Bitcoin conference.
• 1:12:45
  Like make no mistake, like this is the event to be at the day
• 1:12:49
  before the Bitcoin conference. Mike Germano name dropped it
• 1:12:53
  when he came on simply Bitcoin live.
• 1:12:56
  I think it was last Monday, if my memory serves me correctly.
• 1:12:59
  So like, you know, this is an official satellite event of, you
• 1:13:03
  know, the the Bitcoin conference.
• 1:13:04
  So you definitely don't want to miss this.
• 1:13:06
  It's going to be a 1000 Bitcoiners at in the same place,
• 1:13:10
  some of your favorite, you know, Bitcoin influencers, some of
• 1:13:12
  your favorite Bitcoin plebs, some of your favorite Bitcoin
• 1:13:15
  podcasters, CE OS. They're all going to be at this
• 1:13:18
  event. And you know, who knows, maybe
• 1:13:20
  you can have another, you know, another surprise sailor.
• 1:13:24
  You never know. That's the thing, like you never
• 1:13:25
  know about these things. So I'm personally looking
• 1:13:28
  forward to the pleb party in Nashville.
• 1:13:31
  Maybe we do Opti. Maybe maybe we drop this.
• 1:13:34
  Maybe we do a a a simply Bitcoin live from the floor of the pleb
• 1:13:39
  party. What, what what time?
• 1:13:41
  It starts at noon, right? We'll have hours to open barn.
• 1:13:45
  Wait, it's Nashville Eastern Time or Central time?
• 1:13:49
  It's central. It's central.
• 1:13:52
  I don't know if we can deal with starting the show late.
• 1:13:54
  People would freak out. No, I know we start the show
• 1:13:56
  later, 5 minutes. We won't start it late.
• 1:13:58
  We'll just then we'll. Be early.
• 1:13:59
  We'll be the first ones there. We'll see if we got early.
• 1:14:02
  And then we'll kind of extend it.
• 1:14:03
  We'll play it by ear, but I think that would be awesome.
• 1:14:05
  Hold on. I do have one question for you,
• 1:14:07
  Anders, and this might be a hard hitting question breaking
• 1:14:10
  breaking news here, you know, exposing what's going on at the
• 1:14:13
  OR at the pleb party. But will there be another meme
• 1:14:17
  video? And maybe people can get their
• 1:14:20
  memes on the meme video again, like the Miami one or doing that
• 1:14:24
  again. So that is actually not planned.
• 1:14:27
  I I I do want to try and. All right.
• 1:14:30
  Shame I'm in the chat. No, no, keep going.
• 1:14:34
  Keep going. I, I, I, I, I do like to try and
• 1:14:37
  do new stuff, but I think it'd be fun maybe in the future to
• 1:14:41
  bring it up. And also because to be honest,
• 1:14:46
  when Nico originally introduced me here on on this stream, he
• 1:14:50
  said you're welcomed actually improel organizers Anders and I,
• 1:14:54
  you know, you actually nailed it because it is mostly really a
• 1:14:59
  one man show putting this together and what is going to be
• 1:15:03
  highly likely the second largest Bitcoin only event of North
• 1:15:07
  America this year 24 And and putting that together one person
• 1:15:11
  means there is a ton of stuff that that I have to take care
• 1:15:15
  of, especially now when food is involved, furniture rental.
• 1:15:21
  So I don't think I'll do it this year also because the ability to
• 1:15:27
  screen it where the rooftop in Miami was a rooftop cinema.
• 1:15:32
  But I definitely do wanna bring it up also in the future when
• 1:15:36
  venue is right and everything cuz it was a lot of fun,
• 1:15:39
  especially putting it together like watching hours of fun video
• 1:15:44
  memes from Twitter and then deciding what goes in and which
• 1:15:48
  auto was a lot of fun. So I don't think so.
• 1:15:50
  But one thing I do wanna say actually when I went back and
• 1:15:53
  looked at the Bitcoin price, so this is not really related, but
• 1:15:56
  it's party related. When I went back and looked at
• 1:15:57
  the Bitcoin price at the two previous parties, I noticed that
• 1:16:02
  the first play party set the floor the bottom of that bear
• 1:16:07
  market. 15,600 was the day of the first play party, so expect
• 1:16:12
  fireworks. In.
• 1:16:14
  Nashville, one way or another. Oh man.
• 1:16:16
  Well, dude, I am incredibly excited.
• 1:16:18
  We're going to do a live Simply Bitcoin show from the floor and
• 1:16:22
  I'll drop it here too. I think Anders and I are going
• 1:16:25
  to be Anders and simply are going to be working together
• 1:16:27
  very closely in the future as well doing more future
• 1:16:31
  collaboration. So guys, we hope to see you guys
• 1:16:34
  at the Pleb party in Nashville. It's going to be the party to be
• 1:16:38
  at. Can we can we drop the dates one
• 1:16:40
  more time for the monitors? Check the link in the video
• 1:16:43
  description. It's Thursday, July 25th, the
• 1:16:47
  day before the Bitcoin conference starts.
• 1:16:49
  It's an official satellite event of Bitcoin Magazine, but of
• 1:16:53
  course it's an independent party tailored and curated by the
• 1:16:57
  legendary Anders, who is the V Bitcoin party man in Bitcoin.
• 1:17:02
  So guys, you definitely don't want to miss this.
• 1:17:03
  It's going to be an awesome Bitcoin celebration.
• 1:17:05
  Scan the QR code or check the link in the video description.
• 1:17:09
  Guys, that was simply Bitcoin. Live.
• 1:17:10
  Wait, wait, wait. There you go.
• 1:17:11
  Is there's an interview we got to do?
• 1:17:13
  No, I can't. You guys, I got you.
• 1:17:17
  But we'll bring it. We'll bring it back, I think.
• 1:17:20
  I think we're going to have some change UPS to the show so I
• 1:17:24
  can't continue rug pulling the meme review.
• 1:17:27
  But anyways, this was your Simply Bitcoin Live episode for
• 1:17:31
  June 3rd, 2024. I'm your host Nico, that you
• 1:17:34
  guys hate 'cause I keep rug pulling the meme review.
• 1:17:37
  Rightly so. This is my Casanova Co host
• 1:17:43
  Optimus Fields, and this is Anders, the organizer of the
• 1:17:48
  Pleb Party in Nashville 2024. Anyways, guys, love you all.
• 1:17:52
  If you guys enjoyed the show, smash the like button, consider
• 1:17:54
  subscribing if you feel like we provided you value and we'll see
• 1:17:57
  you tomorrow for a brand new episode of Simply Bitcoin Live.
• 1:18:01
  Here's the Overton window once again exploding.
• 1:18:12
  Episode was brought to you by bitcoinwell.com on a mission to
• 1:18:15
  enable independence Opti.
• 1:18:41
  They're throwing tomatoes because of the no mean review.
• 1:18:44
  Opti Opti.