Latest / Simply Bitcoin / Michael Saylor: Why $1M Bitcoin is Inevitable | EP 961

Transcript

Michael Saylor: Why $1M Bitcoin is Inevitable | EP 961 · Simply Bitcoin

0:03
It's all going to zero against Bitcoin.
0:06
It's going up forever. You're against Bitcoin.
0:16
You're against freedom. Yeah.
0:23
Welcome to another episode of Simply Bitcoin Live.
0:25
We're a number one source to the peaceful Bitcoin revolution.
0:27
Car breaking news culture, Matic Warfare.
0:29
We will be your guide through the separation of money and
0:32
state. Ladies and gentlemen, welcome to
0:33
the most watched Daily Bitcoin new show on YouTube, Rumble NX.
0:38
Welcome to Simply Bitcoin. Sit back, relax, Enjoy the ride.
0:42
This is the second day from live streaming from the beautiful
0:45
country, the shining country on the hill of of course I'm
0:49
talking about freedom country. Of course I'm talking about El
0:53
Salvador. In the background.
0:55
I literally have an actual volcano.
0:58
So we're going to be streaming simply bitcoins, going to be
1:01
streaming here from from El Salvador for the rest of the
1:05
week. This is my second day in San
1:07
Salvador. I had a me pre Med Bitcoin event
1:10
yesterday. I was with BTC sessions with Max
1:13
Kaiser, Stacy Herbert, Lena Seish Who else said tip and Z
1:19
she did the rap. It was incredible.
1:21
It was an auction to just celebrate.
1:24
You know the Bitcoin adoption here.
1:26
Me pre Med Bitcoin is doing some incredible things.
1:29
They're teaching the next generation how to use Bitcoin.
1:34
I think that's just so incredibly important.
1:37
So it was a privilege to be part of that auction and part of that
1:41
event. It was incredible.
1:42
I'm absolutely loving El Salvador.
1:45
The energy here is it's it's it's something very special.
1:50
If you're a Bitcoiner, I highly recommend making this pilgrimage
1:55
to this country. I know I've met a lot of
1:57
bitcoiners, one of which is a guest today that have actually
2:01
even moved here. I see the hope, I see the energy
2:06
in people. I'm Hispanic, I am bilingual.
2:08
So I every single opportunity I've had, I've.
2:11
I've literally tried to speak to a local, wanted to get their
2:15
thoughts on Bouquelay, wanted to get their thoughts on, you know,
2:18
the future of their country. And I see it.
2:20
And that's not something that you see, you know, around Latin
2:23
America, you don't see that most people want to leave.
2:26
They want to go to the United States and El Salvador.
2:28
I'm seeing something very different.
2:30
It's a very, very special place. If you're a bitcoiner, highly
2:33
recommend coming to El Salvador at least once and you'll see
2:37
what I mean. Anyways, today we're going to
2:39
talk about Bitcoin being binary in, in a way.
2:43
And this is something that I've said many times, that Bitcoin
2:46
either goes to 0 or it keeps going up forever, right?
2:50
A lot of that has to do with the having.
2:52
A lot of that has a lot of that has to do with the mining
2:57
incentives. And of course a lot of that has
2:59
to do with Infinity divided by 21 million.
3:03
Like if governments had the discipline, like not to print
3:06
money, like maybe we could have a conversation about it.
3:08
But it's like they can't help themselves.
3:10
But to do it, they have to do it.
3:13
The US is on an unsustainable fiscal path.
3:17
So yeah, I mean, you know, one thing is for sure is that they
3:21
have to keep printing money. If if they don't, if they stop
3:25
printing money, the US government isn't going to be
3:27
able to afford things. And the way that you protect
3:31
yourself obviously is get yourself Bitcoin and that
3:35
basically guarantees that this thing goes to a million,
3:38
basically. It's inevitable.
3:40
And the binary aspect of it is very interesting because that
3:45
means that it can't just stay at the same level like it.
3:48
It either goes up forever, Laura, or goes down to zero.
3:51
And that inspired me to, you know, to come up with some
3:56
original thought this morning where I said I would rather ride
3:59
Bitcoin to zero then go back to slavery.
4:02
What side are you on and on? That's a question for you guys.
4:05
What side are you on? Are you, Would you go back to
4:07
the Fiat system? Would you go back to working and
4:11
earning in a money that another man can create for free, another
4:16
man can censor based on your political beliefs?
4:18
Are are you up for that? You know, that's that's the
4:21
question that I have for you guys.
4:23
I have another clip for you guys as well of Kathy Wood.
4:26
She's been absolutely on fire on the legacy financial media here.
4:31
There's a clip of her on CNNBC talking about the global
4:35
currency devaluations happening worldwide.
4:38
And what's really interesting about Bitcoin is that it shines
4:41
like a light of truth on that. It shines a light of truth on,
4:45
you know, the failure of Fiat currencies, to put it bluntly,
4:49
like it's just these currencies are failing.
4:52
And the reason that they're failing is that governments
4:54
can't help themselves but to print.
4:57
Which, you know, Satoshi knew this.
4:59
This is part of the reason that Bitcoin was invented.
5:01
So this is what we're all here for.
5:03
So anyways, it's going to be a great episode tomorrow.
5:06
I'm going to be streaming from the beach, from the resort of
5:10
the where the having party is going to be hosted.
5:12
I don't know where we're going to be streaming from exactly,
5:14
but it's going to be a great show.
5:15
Today's show is going to be a great show, super, super
5:18
excited. And we also have a very special
5:21
guest, First, my Co host today who's going to be filling in for
5:26
Opti, who is currently on the plane on the way to El Sido, of
5:30
course, my beautiful wife Sophie, who just put down our
5:34
beautiful baby Sophie. Thank you.
5:35
Thank you so much for filling in for Opti today.
5:38
You're very welcome. I'm super excited to be here.
5:41
There's another little special person who's here who's not
5:44
exactly ready to make her Internet debut.
5:46
Hopefully until she's like 15. Yeah, I'm super excited to be
5:51
here. 15, No 15 we got, we got to move that, we got to move
5:57
that number up to like at least at least 18, at least 18
6:03
anyways. I'm just trying to and be
6:05
realistic, OK? Anyways, I do also want to
6:08
introduce our guests for today, Doctor Albert.
6:12
Doctor Albert is an ophthalmologist.
6:15
Did I say that right? Did I say that right?
6:17
An. Optometrist.
6:19
I was an optometrist. He.
6:24
He was an optometrist. He's a hardcore bitcoiner.
6:27
He is famous for making these Bitcoin pills.
6:30
Could you show it, Doctor Albert, we're gonna be.
6:35
My wife makes them. His wife.
6:37
His wife makes them and he's gonna be selling them at the
6:41
having party. And you know, I had a Nikko
6:44
special edition. I didn't bring it with me.
6:47
Doctor Albert's wife was kind enough to make one for me and
6:50
Opti, which was absolutely awesome.
6:52
So we're gonna talk about Doctor Albert's.
6:54
Why did you move to El Salvador? What's been your experience in
6:57
El Salvador? What's been your experience in
6:59
freedom country? And I'm gonna get to see you in
7:01
the flesh, like literally later today.
7:03
So that's gonna be awesome. Anyways, it's going to be a
7:06
great show. I I'm really excited for the
7:08
culture segment specifically because I want to hear Doctor
7:12
Albert make the case as to why he left where he was living and
7:17
he moved to Freedom Country. And I'm not going to lie, I I
7:20
didn't tweet this. I didn't, I didn't post this on
7:22
Twitter, but I posted this on Noster.
7:24
I said I'm not going to lie, guys, you know, I'm loving El
7:28
Salvador. I might want to move here and
7:31
I'm break. This is breaking news for
7:33
Sophie, 'cause she hasn't heard about this yet, but I mean if.
7:36
It's not good. I'm down.
7:38
I'm. It's.
7:38
It's awesome. It's really cool.
7:40
El Salvador is really, really awesome.
7:42
Highly recommend it. Like it was surreal just being
7:45
able. I've been literally just paying
7:46
for things in Bitcoin, like been going around, have my Lightning
7:50
wallet on my Zeus app and I'm like literally just paying for
7:53
things. It's absolutely surreal that
7:55
it's just treated like a currency, not everywhere, but in
7:58
in most places. So it's absolutely awesome.
8:01
Anyways, guys, it's going to be an epic show, so let's get into
8:04
it. But before we do that, I do want
8:06
to give a very, very, very, very, very, very, very special
8:12
shout out to our flagship sponsor.
8:15
And of course, I'm talking about Bitcoin.
8:17
Well, after you switch cameras for this, because it's the I
8:23
can't show the volcano and have this at the same time.
8:27
So there we go. All right, here we go.
8:29
One more time. All right.
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10:58
we don't have Opti to be going through the chats in real time,
11:02
so I just have to pull this up because I thought it was
11:04
absolutely hilarious, Utxo says. Opti is stuck in customs.
11:08
The customs officers asking what is the purpose of this trip and
11:11
how did you earn the money to pay for it.
11:13
That is absolutely hilarious. Opti, please don't get stuck in.
11:17
In customs we have David watching from X and he says
11:22
watching from the pool at the having party in El Salvador.
11:25
David, I will see you in the flesh very very soon.
11:28
We got Brian de Mint in the chat.
11:30
What's up Brian? How you doing man?
11:32
The absolute marketing genius behind the orange palap and an
11:35
incredible author. Also anyways, at the time of
11:38
recording the Bitcoin price is 66,560 SATS per dollar, 1502
11:45
block height 837,568. Having estimate a big sorry
11:50
blocks to having 2432, having estimate April 19th oh oh it's
11:56
not on April 20th anymore. It's not on 4/20 anymore.
12:00
That's whack miners. You got to slow the F down.
12:03
OK, it's on April 19, 2024. Total lightning network capacity
12:08
4404. Bitcoin capacity value
12:11
293,000,000 U.S. dollars. Realized monetary inflation
12:15
1.73%. The market capitalization is
12:18
1.31 trillion U.S. dollars. Bitcoin versus gold market cap
12:23
bit is 9.47%. I want to give a shout out to
12:27
Sophie for multitasking and feeding our baby girl at the
12:31
same time as doing the show, which is I'm.
12:34
Struggling. She's not happy right now.
12:37
Very Bitcoin esque. I'm not gonna lie, extremely
12:39
Bitcoin esque. OK, so I do want to show you
12:45
guys this video by Kathy Wood once again.
12:48
She's just making the rounds on the legacy media and here she is
12:53
talking about their current their currency devaluations
12:55
around the world that people are not talking about.
12:58
The Nigerian Nara is down 60% and the Egyptian currency is
13:03
devalued 40%. Quote, Bitcoin is a hedge
13:06
against a loss of purchasing power.
13:08
We'll get into more of that in a second.
13:11
But the point that I wanted to kind of bring up a little bit is
13:15
the fact that these ideas, and I know that you guys always make
13:18
fun of me about talking about the Overton Window.
13:22
But guys, mimetics are important.
13:25
Like this is information narrative trench warfare.
13:28
We have to literally win over the hearts and minds of
13:31
individuals. So these types of interviews
13:34
that are happening on legacy media, whether it's Natalie
13:37
Burnell, Kathy Wood, Michael Saylor, Anthony Pompliano, they
13:42
make a big difference because the people that are listening to
13:46
that type of content aren't Bitcoiners.
13:49
Like we have to remember that Bitcoiners are in an echo
13:51
chamber, like we're already awakened, we're already base,
13:53
we're already in El Salvador, right?
13:55
We already know what the F is going on, but most people are
13:58
still asleep, most people are still in the Fiat matrix.
14:02
So it's our job as bitcoiners to really wake people up and in the
14:07
process of waking them up. I think a lot of the political
14:10
divisions that people are are feeling right now because of the
14:13
economic woes that are caused by currency theft or purchasing
14:19
power theft by inflation. I think a lot of that would like
14:23
literally go away or not all of it.
14:25
But I think a lot of people's, you know, issues, a lot of
14:28
people's hurt, a lot of people's economic woes would would
14:33
disappear if you fix the money, right.
14:34
So it's incredibly important when these types of interviews
14:37
happen. Anyways, let's check out what
14:39
Kathy Wood has to say. Can you explain?
14:41
And we were debating it the last couple of days about Bitcoin.
14:45
Joe Becky back in New York and together you've seen it.
14:49
What do you think is happening? I mean, we saw, we saw, we saw
14:52
Bitcoin get up to 70 something, $1000 to drop down to $66,000.
14:56
I was making the argument that it has been very tied to the
14:59
NASDAQ. It's been very tied to the
15:00
markets and as a result, it is more likely a function of
15:04
liquidity and sort of speculation than it is a
15:08
function of what the Federal Reserve is going to do, even
15:10
though the Federal Reserve is sort of been moving the markets.
15:13
What do you? What do you?
15:14
What do you? What's your analysis of why it's
15:16
moved the way it has? OK, up dramatically.
15:20
You have the ETFs. There's something else going on
15:22
around the world. There are currency devaluations
15:26
taking place that people are not talking about.
15:28
The Nigerian era is down 5060% in the last nine months.
15:33
Egypt just devalued by 40%, Argentina continuing to devalue.
15:39
I think this is a flight to safety, believe it or not,
15:41
taking place. A hedge against devaluation, a
15:45
hedge against a loss of purchasing power and wealth,
15:48
that's very important and we saw this even here last last year in
15:53
the United States regional banks imploded, Bitcoin went up 40%.
15:59
Bitcoin does not have counterparty risk I think and
16:03
and we're putting out a piece in the next few weeks which is this
16:06
is both get this a risk on asset and so you talk about the NASA
16:12
but it is risk off. I remember we got in at $250
16:17
when Greece was threatening to. Leave the euro, right?
16:21
But is that folks that are speculating about currency or is
16:23
that folks in Nigeria and in Greece and other places saying I
16:27
got to get my money out of this currency and and move it
16:29
themselves? Do you see what I'm saying?
16:31
Oh, yes. I think this is an insurance
16:33
policy against rogue regimes or against just horrible fiscal and
16:39
monetary policies. So, I mean, that last part is so
16:44
powerful, right? This is an insurance policy
16:48
against rogue regimes and irresponsible fiscal policy by
16:53
governments. Every single government is
16:56
guilty of this, even in the US. And one of the things that I
17:01
would like to mention as well is what you're seeing in the global
17:07
S is you're seeing the adoption of of Tether.
17:11
You're seeing the adoption of stable coins.
17:13
People are fleeing their local currency, their local Fiat
17:17
currency to to tether because they're trying to maintain their
17:22
purchasing power. But for the first time, we
17:24
actually reported it on on an episode last week where it was
17:30
an article in Fors by our our buddy Javier Bastardo.
17:33
And he literally said that people were actually buying
17:38
Bitcoin instead of buying Tether.
17:41
So I think it's just a matter of time before people start to
17:44
realize that yes, the dollar is the best of the Fiat currencies,
17:48
right in terms of of of quote UN quote stability, but there's a
17:53
superior currency which is Bitcoin.
17:55
I think it's just a matter of time, and I think it's an
17:57
educational issue before people. Actually, it's an educational
18:03
problem before people actually wake up to that reality.
18:06
So I I think what she said is so incredibly powerful.
18:10
And look, if you actually, like, make sense of what she's saying,
18:15
right? If all of a sudden you have a
18:17
way to protect your purchasing power, that provides hope,
18:21
right? That provides the ability to
18:24
save for the future. And again, don't trust, Verify.
18:28
We always go to this website called Price and Bitcoin 21 and
18:32
it literally just lays it out right how if you've been saving
18:36
in Bitcoin generally things to not.
18:39
Generally things get cheaper progressively over time,
18:42
specifically the longer you hold right.
18:45
So the US dollar is 92% cheaper. Oil is 92% cheaper.
18:50
Gold is 91% cheaper. S&P 500 is 86% cheaper. the
18:55
United States medium new house is 86% cheaper.
18:59
If you've been living on a Bitcoin standard, life gets
19:04
cheaper. The American dream is not dead.
19:06
In fact, the American dream has been exported worldwide.
19:10
Anybody in the world could live the American Dream.
19:13
The American dream is if you work hard enough and you put
19:17
your head down and you believe you have the ability to live a
19:20
great life, be able to afford a home, and now you can do that
19:25
with Bitcoin. If you earn in Bitcoin, mine
19:27
Bitcoin and of course take that Bitcoin into self custody, you
19:32
can achieve that dream. You can achieve a better future
19:35
for your family, which was impossible for a lot of people
19:39
because of Fiat currencies, right?
19:41
So I think Kathy Wood against again, once again, breaking the
19:45
Bitcoin echo chamber, moving the Overton window.
19:48
I know you guys are going to hate me for that, but I'm going
19:49
to keep hammering that concept in your guys's head, moving the
19:53
Overton window and getting to the people, you know, the the
19:56
boomers. Really that are watching that
19:58
type of television and getting them to understand like look a
20:01
currency can exist that isn't controlled by the government and
20:07
not only can it exist by it not being controlled by the
20:10
government, but it is actually even a superior currency to a
20:14
currency that is controlled and managed by the government,
20:16
right. So this is really, really is a
20:19
really big deal. We're making tremendous amount
20:21
of progress. And shout out to Kathy Wood,
20:24
Natalie Burnell, Anthony Pompliano that continue to
20:27
hammer that message home on legacy media.
20:30
And remember now there's a vehicle, there wasn't one before
20:34
where a lot of these boomers that don't feel comfortable with
20:37
self custody, perhaps they don't feel comfortable with some of
20:40
the on ramps. They can just get exposure
20:44
through the captured Bitcoin AK, the Bitcoin ETFs, right?
20:47
Which I think is a step in the right direction at least.
20:50
Anyways, I want to get Doctor Albert's take on this and then
20:53
we'll we'll pass it on to my wife Sophia.
20:56
Yeah, you you said you said it just the way it is.
21:00
The over tin window is not only shifting, it's it's breaking.
21:05
You know, we hear things that we never thought we would hear in
21:11
such a short period of time since I've started studying
21:15
Bitcoin. So it's been only three years.
21:20
And the kinds of things that we're hearing on CNBC and and
21:25
mainstream media has has totally, well, not totally, but
21:30
noticeably shifted in three years is not a long time when
21:35
we're talking about an entire monetary system that has been at
21:41
the that has been the scam that has been hidden from us with
21:46
propaganda for decades, hundreds of years.
21:51
So it's it's about to break. 100% the the the floodgates are
21:57
about to break. Oh Sophie, we caught, we caught.
22:00
You live. The poor thing has not stopped
22:07
since we went on air. Did you?
22:10
Did you miss? Did you miss the video?
22:12
Have you been? It seems like you have your
22:14
hands busy. No, I didn't actually.
22:17
And what's your take on it? Well it's really funny because
22:21
yesterday I was talking to my grandmother and she got upset at
22:26
me because she said why haven't you told me about how to buy
22:30
Bitcoin? You told me you were going to
22:32
tell me how to buy Bitcoin and you haven't done it because I
22:35
have my money in this account and it only gives me 1% a year
22:41
and and so when I told her you know of course like I'll I'll
22:47
help you do it. It just made me realize that
22:50
this thing is catching on. Even my grandmother is starting
22:54
to want to buy Bitcoin and and people are realizing that it it
23:00
is a hedge and it is like the the old system is just not
23:03
working. So yeah, what Kathy Wood said is
23:08
absolutely true and I think some yes exactly.
23:11
Some boomers do love Bitcoin, and they're if they're catching
23:14
on, then I think that gives me a lot of hope for future
23:17
generations. 100%, yeah. And I think it's just a matter
23:21
of keep messaging these that we we got to keep hammering, you
23:26
know these messages home, right? A money can exist without
23:30
inflation. Money can exist without the
23:33
necessity of government managing it or better said, mismanaging
23:36
it, because that's all they do. And I think these messages are
23:40
really, really important to kind of echo and once again, just
23:44
break that Bitcoin echo chamber, get that message out there.
23:47
All right everybody, let's get to the news.
23:49
We have a lot to talk about today, the binariness of
23:52
Bitcoin. It either goes to 0 or 1,000,000
23:55
we have. We have some tweets by by some
23:58
influential people and of course some videos by Michael Saylor.
24:01
And also in other news, it looks like the US government is on the
24:05
verge of selling some of that Silk Road Bitcoin that was
24:08
seized. So stay tuned, we have a lot
24:11
more to go. Let's check it out.
24:12
Here we go. The Daily News.
24:19
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All right, quick ETF update. It seems like it They're slowing
25:33
down honestly on the on the purchases, but BlackRock is
25:38
still up nonetheless. Last time yesterday I believe it
25:41
was at 253,000 Bitcoin, now it's at 256,000 Bitcoin.
25:47
Fidelity seems to have had a little bit of an uptake as well.
25:50
Yesterday there they were at 143,000 Bitcoin.
25:53
Currently they're sitting at 146,000 bitcoins and seems like
25:58
the institutional inflows seem to be slowing down a little bit.
26:01
But they're still going up, which is a good news.
26:04
And of course the grayscale people are just trying to get
26:07
rid of that as fast as humanly possible.
26:10
So quick ETF update. Also in other news, this is a
26:14
tweet by our friends over at Bitcoin Mag.
26:17
Shout out to Mike Germano, got to spend some time with him
26:20
yesterday President at Bitcoin Bitcoin Inc, BTC Inc.
26:25
So anyways, goes on to say US Bitcoin ETFs now hold over 4% of
26:31
bitcoins total supply. And if you add that with Michael
26:35
Saylor's 1%. So the ETFs and Michael Saylor's
26:39
MicroStrategy already own 5% of Bitcoin's total supply.
26:45
Guys, there's not enough to go around.
26:47
The stat that I always throw throw out there, because it's
26:50
the one that makes sense to me the most, is that there's 6060
26:55
million millionaires all around the world.
26:57
But there's only 21 million Bitcoin, right?
27:00
So even if every single millionaire wanted to buy just
27:03
one, they physically could not, right?
27:06
So this is the thing. This is absolute scarcity.
27:09
This is why Bitcoin is the best performing asset of the last 10
27:12
years. So anyways, So what I want to
27:15
talk about today is specifically the whole $1 million, you know,
27:20
that keeps being thrown around. I think we did an episode a
27:23
couple days ago. Again, this $1 million number.
27:26
And I think a lot of people are seeing it.
27:27
I think a lot of people are seeing the writing on the wall.
27:30
Here's here's Martin Shkreli. He is kind of famous for the
27:35
whole, like he was the the whole pharma bro.
27:38
He spent some time in jail, but basically he was, you know, this
27:43
very successful businessman. Then you know, he got charged
27:46
with all these crimes. He spent a couple years in jail.
27:49
Anyways, he's a very public figure.
27:51
Some people call him divisive figure.
27:53
But anyways, very interesting in terms of what he had to say here
27:57
in this tweet he says I think there's a 75% chance of Bitcoin
28:01
being $1 million by the end of year, by year end.
28:05
I can't talk about the thesis, but that's it.
28:08
My prediction, very similar. You're hearing something very
28:11
similar from Samsung Mau as well.
28:13
So we keep hearing this $1 million number.
28:16
Maybe people are feeling euphoric because of the of the
28:20
of the Bitcoin bull market. Some of the comments are
28:22
interesting. Here is duality.
28:24
He's responding to Martin's tweet and it says if Bitcoin hit
28:27
1,000,000 dollars by end of year then that would mean we'd reach
28:30
a systemic collapse of Fiat confidence and likely the worst
28:34
recessions last depression anyone alive has experienced.
28:38
Retail FOMO alone can't drive a top like that over the short of
28:43
duration. Now I also want to like mention,
28:46
and I know it's a little bit different because bitcoin's
28:48
market cap is so much bigger. But you know in 2017 we went
28:53
from 1000 U.S. dollars to 20,000 U.S. dollars.
28:57
That's about a 20X. OK.
28:59
So obviously, you know it's law of big numbers.
29:02
It's a lot harder for Bitcoin to 20X, that's 66,000.
29:06
But just even a 10X would put Bitcoin at 660,000, which is
29:11
pretty close to 1,000,000. So again, from, you know, from a
29:15
historical standpoint, I know it sounds crazy, but if if I would
29:19
have told you back in 2017, in January of 2017 that Bitcoin was
29:25
gonna be at 20K in December of 2017, you would have laughed me
29:29
out of the room. And again, all the stars are
29:32
aligning. That's why I showed you guys
29:33
this tweet by Bitcoin Magazine. US Bitcoin ETFs now hold over 4%
29:38
of bitcoins total supply. MicroStrategy holds another 1%.
29:43
All the big tech companies haven't even started getting
29:47
their feet wet. They haven't even started
29:49
getting exposure to Bitcoin, except for Tesla.
29:51
They're holding Bitcoin, but Google hasn't started buying.
29:54
Apple started hasn't started buying, right.
29:57
So I mean like look, like all you need is one of these
30:00
companies to announce that they're following micro
30:03
strategies strategy and you know all the the dam just breaks,
30:08
right? Anyway, so here is a a a video
30:11
of Michael Saylor talking about the whole binary aspect of
30:14
Bitcoin. I truly believe in this as well.
30:17
I actually tweeted about this many years before Michael Saylor
30:20
said this on TVI. Don't think he, I don't think he
30:22
mentions the binary aspect. But for me it's always it's
30:26
been, it's it's common sense, right?
30:28
Bitcoin either continues to go up, you know, or it's going to
30:32
0. Like the reason that I believe
30:35
that's the case is because of the, you know, the the, the the
30:40
having rewards keep getting cut in half, right.
30:43
What incentive do the miners have right, to keep mining this
30:47
right. So obviously the profitability
30:49
has to be there, the number, the number has to go up.
30:53
The halving gets the, you know, the the the supply keeps
30:55
shrinking. The amount of Bitcoin being
30:58
available keeps shrinking, but demands either stays the same or
31:02
keeps rising, right. And it's just basically fix
31:04
supply and demand, the price goes up.
31:06
Anyways, here is Michael Saylor on CNNBC once again shifting the
31:10
Overton window. I know a lot of you guys are
31:11
going to hate me for saying that, but let's check it out, 2%
31:15
and and I think that's really driving the trend.
31:18
It's I've said before. If.
31:20
Bitcoin's not going to zero, it's going to a million.
31:22
The real question is, is it legitimate asset?
31:25
If it's a legitimate institutional asset, everybody
31:28
is under allocated to it, so 2% and so I mean and I look it
31:33
speaks for itself, right. You know it's either going to 0
31:37
or it's going to a million. And in he he mentioned, he said
31:41
something really interesting, which is, is this a legitimate
31:44
institutional asset. I mean, you tell me.
31:48
You literally have the CEO of the largest asset manager in the
31:52
world, Larry Fink, going on the legacy media, and he's literally
31:57
telling everybody that, you know, he's literally talking the
32:00
Bitcoin ethos. He's literally talking it,
32:03
talking that to his entire audience about how, you know the
32:07
Bitcoin ETF is the most successful ETF in the history of
32:12
ETFs, right? There's 3100 ETFs in the US The
32:16
there's two Bitcoin ETFs that are already in the top five.
32:20
So you tell me, do you think it's already, you know, a
32:23
legitimate institutional asset? I think that's already the case.
32:26
I think it's incredibly obvious. It's really not rocket science.
32:30
In other news, I do want to talk about this as well and then I'll
32:33
get our panelists's thoughts. So this is a tweet by Bitcoin
32:37
archive. U.S. government just moved
32:39
30,000 Bitcoin from the Silk Road hack.
32:42
It's currently worth $2 billion. And you know where they moved it
32:45
to? They moved it to Coinbase.
32:47
Here is a Bitcoin Magazine article gives a little bit more
32:50
detail. Goes on to say today the US
32:52
government sent a transaction that appears to indicate it may
32:55
be on the verge of liquidating the remaining Bitcoin it
32:58
confiscated from the online marketplace of Silk Road.
33:01
According to On Chain Data, a .001 Bitcoin test transaction,
33:06
part of a larger stash of approximately 30,174 Bitcoin
33:10
worth $2 billion linked to the infamous Silk Road marketplace,
33:14
was moved by the US government. Coinbase, the largest
33:17
cryptocurrency exchange in the United States, received the
33:19
transaction from the Silk Road related funds.
33:22
Arkham Intelligence first identified the origins of where
33:25
the Bitcoin was coming from and the coins destination of
33:28
Coinbase. It appears the purpose of this
33:31
transaction is to sell the coins at it has previously done so in
33:35
the past. Last March, the US government
33:37
sold off 10,000 Bitcoin related to Silk Road, selling just over
33:41
9861 Bitcoin worth $216 million. OK, a couple things here.
33:49
Thing Number one, that was a horrible trade.
33:52
Last March they got absolutely wrecked.
33:54
They could have waited a little bit.
33:55
Second thing, why are they selling something that is
33:58
absolutely scarce for dollars of which they can just create out
34:03
of thin air? Just loyalty.
34:07
I mean, just like that. That in my mind makes absolutely
34:12
no sense, right? Like it like like are they just
34:15
taking like a, you know, are they just taking like a like an
34:18
ideological. Of course they are.
34:20
They're taking an ideological stance.
34:21
And they're saying like, oh, you know, like we can't have this.
34:25
And one last observation, then I'm going to pass it on to the
34:28
panelist. The fee for moving for moving
34:32
$1.9 billion was $1.48. Name me something else that
34:40
could do that. Nothing.
34:41
It doesn't exist. It's going up forever.
34:43
Laura. Anyways, I want to get Albert's
34:46
thoughts on this and then we'll we'll pass it on to my beautiful
34:50
wife, Sophia. Albert, what are your thoughts?
34:54
Yeah. So just to add to what you just
34:57
said about the fee, it also got settled.
35:01
Final settlement, probably 6 confirmations, one hour.
35:05
What else can, what else can do that?
35:07
If it was gold, it would probably take 2-3 weeks and
35:12
however many millions of dollars to move that with all the
35:17
security guards and the freight and the energy and gas required
35:21
and you don't even know you're getting real gold.
35:23
So that's that 100%. Yeah, I have.
35:30
It makes no sense for them like like you said, to sell something
35:36
night for something that they themselves can just create at
35:42
will. It's it's I guess they're
35:44
they're as stupid as we think they are.
35:48
There's there's no other explanation than stupidity.
35:50
They don't understand. They don't understand Bitcoin.
35:54
So no, no, they don't understand Bitcoin and if they did
35:57
understand Bitcoin then they they wouldn't sell it.
35:59
And then I'll, I'll pass it back to you, Albert.
36:01
Like, like the the whole aspect of the Martin Shkreli, you know
36:07
price prediction of $1 million by end of the year, very similar
36:09
to like kind of Samsung Mau as well.
36:12
And then also the binary aspect of Bitcoin, Do you agree with me
36:16
that Bitcoin is binary, it either goes to 0 or it keeps
36:19
going up forever. What are your thoughts on that?
36:22
Yeah, definitely think it's binary.
36:25
It's either going to Infinity against the US dollar, which by
36:30
the way it it, it doesn't matter.
36:35
Who cares if it goes to a billion U.S. dollars.
36:38
It's it's like it's it's this the US dollar to the Zimbabwe
36:44
dollar is like Bitcoin to the US dollar.
36:47
So why do we care if if Zimbabwe dollars go to Infinity, I mean
36:54
it, we're not going to go and start stacking Zimbabwe dollars,
36:58
are we? No, of course not.
37:00
So same thing for the US dollar, it's it's going to go with
37:04
1,000,010 million, 100 million, but who cares?
37:08
The only time that it actually matters is if you need to buy
37:12
something in the short term. So if you have some Bitcoin and
37:15
it goes to $1,000,000 and you cash out and you buy a house in
37:19
six months from now, then great, yeah, you did well.
37:22
But other than that, it makes no sense to think of Bitcoin in
37:27
terms of the US dollar. That's my thought on that.
37:32
Yeah, 100 percent, 100% agree with you.
37:34
Sophie, what are your thoughts on this, Sophie?
37:36
So Sophie's been a trooper, and the reason that she's been a
37:40
trooper is because you know, what tends to happen with with
37:43
Bitcoin wives is, you know, they're support their husbands.
37:46
But for the first couple of years they think, you know,
37:49
their husbands are absolutely batshit crazy.
37:52
And then the number go up does what number go up does?
37:55
And then all of a sudden they're like 21 million and the fucking
37:59
Fed and this Bitcoin thing was absolutely awesome.
38:02
My husband's a genius, right? But it's always like the, like,
38:06
steps, you know, the first one or two years, three years, you
38:10
know, it's like you're absolutely batshit crazy.
38:13
Your parents in law are like, this kid is fucking crazy and
38:16
then all of a sudden, you know, number go up, Does what number
38:18
go up does? Right.
38:20
So Sophie, back to you. You know, do you agree with the
38:23
binary aspect of Bitcoin, that $1 million prediction?
38:26
I know it's very, very aggressive, but I want to get
38:28
your thoughts. It's really, it's really not
38:30
that aggressive like you said, because it is an absolute,
38:35
absolutely scarce resource. But more than that, I think that
38:40
the reason people are seeing the writing on the walls to why
38:43
Bitcoin will shoot up to that quantity and beyond because it's
38:47
going up forever. Laura, as the great Michael
38:49
Saylor has said again and again and again is, is because there
38:55
is like this ominous writing on the wall.
38:57
I think that there are so many weird, like terrible things that
39:03
are happening around the world. The devaluation of the dollar,
39:06
war in Ukraine, war in in Gaza. I think that there are so many
39:13
tumultuous things happening. There's an election happening at
39:16
the end of the year that it's not crazy to think that some
39:23
terrible situation is going to happen where people are not
39:26
going to come to Bitcoin because necessarily of money go up,
39:30
which would be great for all of us, right?
39:32
That would be a happy ending. But it is going to come because
39:35
it's going to go to that height because of something terrible
39:39
happening. I think it's going to come out
39:41
of necessity. And once it comes out of
39:44
necessity, that number is just going to keep going up forever
39:47
and ever. And those who thought we were
39:49
crazy, who thought that we were just, you know, crazy people
39:53
online talking about conspiracy theories and, you know, things
39:57
that could never happen, once those things do happen, then you
40:02
know, we're going to, we're going to be the ones who are
40:03
prepared. And that's I think, why it'll go
40:06
up. And I've said that time and time
40:09
again, It's going to unfortunately take something
40:12
pretty awful. To orange pill the the masses
40:17
because Bitcoin is not necessarily the most convenient
40:21
technology to learn. It is going to save us all.
40:25
But a lot of people don't want to see that because they they
40:29
don't want to be inconvenienced and they don't want to take the
40:32
time to learn about how to change their monetary system.
40:36
Because again, it's it's difficult and it it takes
40:40
opening your eyes to the fact that you've been duped by the
40:43
system for most of your life in order to really, truly be orange
40:49
peeled and make that change. So I I am scared of what's to
40:56
come. As much as I want Bitcoin to hit
40:58
$1,000,000, I also think that that's a sign of something more
41:02
ominous to come. So we've all, we've all got to
41:04
be praying and watching each other's backs.
41:08
Yeah. I mean that's a that's a really
41:09
good take on on that aspect. But I mean yeah like it and it
41:13
and it and it kind of reminds me of what Kathy Wood was saying in
41:16
in you know in that clip earlier on in the show right that
41:19
Bitcoin functions as this type of insurance right for kind of
41:23
like irresponsible you know government spending and all that
41:26
stuff. So it it, it completely plays
41:28
into that narrative 100%. And also Sophie, I wanted to get
41:31
your take on the on the US government selling.
41:36
Not only doing Sophie's. Sophie, you know, I'll give you
41:39
a little bit of a little bit of insider knowledge but Sophie
41:43
gives me, you know, crap all the time for, you know, not buying
41:47
at the right time. Like we're like, should we DCA
41:49
lump sum like no idea. Like Sophie's like we should do
41:53
this. I should do this Like, you know,
41:54
so we like try to like DCA Sometimes we can't help
41:58
ourselves and we just lump sum but talk about bad trades yet.
42:04
Kathy Wood sorry. You had the US government
42:08
selling 10,000 Bitcoin in March of last year.
42:13
I mean they got absolutely wrecked.
42:17
They would have gotten billions of dollars more for that
42:20
Bitcoin. And then that's not even the
42:22
crazy part, Sophie. The crazy part to me is they're
42:25
selling something that is absolutely scarce.
42:28
You can't create more of it unless you're going to invest in
42:31
the mining infrastructure and then they're selling it for
42:34
something that they can literally just create out of
42:36
thin air, which is absolutely, absolutely insane.
42:40
And I think it's a testament to the dysfunction of government.
42:43
What are your thoughts on that? I think, I mean, it's like I
42:46
said to you earlier, loyalty, right to their own corrupt
42:50
system. And also why would they enable
42:54
the system that is going to be the cause of their downfall?
42:59
You know what I'm saying? Like, it was a terrible trade,
43:02
but I think they were willing to take the L for the sake of
43:04
appearing as the stronghold. Because remember, Fiat is not
43:09
backed by anything. It's backed by an idea.
43:12
And the idea is that the United States is solid.
43:17
We are not trillions and trillions of dollars in debt.
43:20
We are productive. We don't have a health crisis on
43:27
our shoulders, both mentally and physically.
43:30
It's so. So the appearances are very
43:33
important for the sake of maintaining Fiat.
43:36
Fiat is actually all about appearances.
43:38
Even if you look at it culturally, somebody will, you
43:41
know, buy a car, for example, that is completely out of their
43:46
means just so that they can keep up appearances of, you know,
43:51
have it like having importance in society.
43:53
This is kind of the same thing. I think that them selling
43:57
Bitcoin at that price is to keep up the appearance that that
44:01
Bitcoin is never gonna catch on. It's just this like new
44:04
technology Internet magic money thing that you the real money is
44:09
the dollar. The real money is like this is
44:12
what we need to like express to the public.
44:16
And so, you know, they're they're willing to take the L to
44:18
keep up appearances, but at the end of the day, you can't stop
44:23
Bitcoin. And they're gonna really wish
44:26
that they hadn't traded that in at, you know, if they hadn't,
44:29
they would have more money to keep funding wars overseas right
44:32
now. Amen.
44:33
Amen that. Wow, that was such a great take.
44:36
I completely agree. It's the keep up appearances
44:38
100%. This is the strong dollar.
44:41
You know this magic Internet money you know, but they I I
44:43
think they can only keep that for like they can only keep that
44:46
up for so long. I think market forces are gonna
44:48
do what market forces do best. I think, you know, once
44:51
countries like El Salvador continue to thrive and then, you
44:55
know, cities in the United States continue to deteriorate,
44:58
I think people are going to start asking more and more
45:01
questions. And I think this is really why
45:03
you see the rise of populism in really the last, you know, half
45:06
decade or so. Anyways, guys, it's going to be
45:10
a great show. I'm so excited because we're
45:12
going to talk to Doctor Albert. Doctor Albert, did he, He did a
45:17
bold move. He bit the bullet.
45:21
He moved to Freedom country, he moved to El Salvador.
45:24
And I'm really, really interested to hear what his
45:27
thought process was behind it. I I think I know he announced it
45:30
before he did it, but now he did it.
45:33
Now he's there. The proof is in the work, so
45:36
we're going to dive into that during the culture segment.
45:38
But before we get to that, I do want to give a shout out to our
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48:20
video description. All right, no more delay.
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I do want to have this conversation with Doctor Albert.
48:26
Doctor Albert, last time you came on simply Bitcoin, you were
48:29
talking about moving to El Salvador.
48:32
You finally did it. You finally, you know, you
48:34
finally pull up. Pulled the trigger.
48:37
What made you do that? Were you already?
48:39
You would. You are.
48:39
Were you always set on it? Were you always convinced that
48:42
you were going to do it or what? What was the catalyst?
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What made you finally get on a plane, sell your stuff in Fiat
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country and move to Freedom Country?
48:54
Yeah, I was on your show back in June.
48:58
I had, I actually had bought the having party tickets in May of
49:04
last year thinking that we would come here to check out El
49:09
Salvador and that the having party would be our first visit
49:14
and we would basically be tourists and check out the
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country to see if it was a place that we might want to move to.
49:23
Yeah. So that was May last year.
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And then by the time I was on your show, our house was being
49:31
we, we were cleaning out our house and getting ready to sell
49:34
it because we realized that, well #1, it's a big a house, the
49:41
biggest ship coin of the mall. And we can see that the housing,
49:48
the real estate market is, is going to tank.
49:51
Well, it's it's going to either tank or it's going to
49:57
hyperinflate. When the dollar hyperinflates,
49:59
when people look to store value in hard assets such as houses in
50:05
stocks, they might go up, but they're not going to go up
50:08
nearly as much as the dollar will go down.
50:12
So, so we were in the process of selling the house or sorry,
50:16
cleaning out the house when I was on your show last.
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And then a few weeks later we put it for sale.
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And and as the months rolled by we just see more and more of of
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what I had learned when I was studying Bitcoin and and history
50:41
in other countries when a monetary system is collapsing.
50:46
And if you've ever read the book The Mandibles.
50:50
So good. So good.
50:51
Such a good book. Yes, highly recommend.
50:54
I mean it's playing out like the Mandibles and which which was
50:59
written I believe in two thousand 2017.
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So it's not like the book was written a year or two ago.
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It was written quite a while ago and everything it predicts is
51:14
correct and it's not a Bitcoin book.
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I believe it only mentions the word Bitcoin once but you know
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now today I we're at the stage of squatters.
51:27
I I I don't know if you've seen that on Twitter.
51:30
All these houses squatters are taking over people's houses and
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that was talked about in the mandibles and I when I was
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reading the book I I just from knowing just from seeing what's
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happened in other countries in the past I knew it was going to
51:49
happen and now it's happening. So you know things like that, I
51:54
mean other things would be, I mean you just look at society in
51:59
general. People are becoming homeless,
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drug addicted, you know, living in tents all over, you know it
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used to be maybe a couple of big cities in the US, but now it's
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Toronto, smaller cities around Toronto, Vancouver, LA,
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Philadelphia, Baltimore, Chicago, San Francisco, New
52:20
York. And I I don't it's it's crystal
52:25
clear to me. I may be wrong on the exact
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timeline, but we're not waiting till till it completely
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collapses on us and we're in danger before we move.
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And once once people realize what's happening because
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everybody's still asleep now or not everybody but majority of
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people are still asleep and they they they don't want to know the
52:53
truth. They'd rather watch Netflix and
52:56
shop on Amazon rather than try to open their eyes and they they
53:03
move their goal posts. I try to, I try to orange fill
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my friends. I try to tell them what's
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happening and it's, I don't know the the typical response is, oh
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that's in other countries and and then I show them, Oh well
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now it's in Canada. Oh yeah, well, that's not in
53:26
Toronto. And I show them stuff in Toronto
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and then it still doesn't make them wake up because there's a
53:35
lot of cognitive dissonance. In order for them to to accept
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the truth, they have to accept that that they've been fooled
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their entire lives and especially the people who are
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successful, they they would have to admit that they they are only
53:54
successful through a a not faulty what's the word?
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I'm looking for a a scammy system.
54:04
They played the scam system. It wasn't their it wasn't
54:07
necessarily their hard work and intelligence that got them where
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they are. They played the game right,
54:15
which is borrow, borrow, borrow Fiat dollars and put it into
54:19
hard assets while us savers are getting poorer and poorer.
54:24
So yeah, so we, I just see the, I just saw the progression of
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the of the decay of society happening on almost a month,
54:38
month to month basis. And and I just wanted to you
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know if I'm wrong if somehow things magically turn around in
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in in Canada, I just move back. I don't lose anything whereas if
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I'm right and people stay in a place that traps them in CBDC,
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they can't get out. So that is probably the biggest
55:08
reason why why we said you know what, we were just going to come
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and visit during having party till to now.
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We've moved here as of 6-7 weeks ago, mid February and we're
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happy we did it. We did a lot of research, mostly
55:27
through Telegram, talking to people who actually came here
55:32
from all over the world, but especially Canada.
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So we knew what to expect. It's not, it's not all you know,
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paradise. We know there's poverty here,
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but but it's going to get better, or at least the chance
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of it getting better. We're on the up.
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Whereas the rest of the world, most of the rest of the world
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are on the way down 100. Percent 100% and and I and I see
56:00
that this is my first time you know in in El Salvador.
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And I I see that come up like I said you know Sophie and I
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specifically Sophie you know she like we lived in in in different
56:16
parts in Latin America and you know you it's a much different
56:21
vibe in El Salvador. It's a lot more hopeful and a
56:27
lot more energy and it's on the come up rather than you know,
56:32
the the come down. Now I wanted to ask you like
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what were if anyone wanted to follow in your footsteps, Doctor
56:38
Albert, you know what were what was the process So you purchased
56:43
a home what was the how long did it take to get a residency and
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all that stuff. Was it complicated?
56:49
Yeah. Yeah, at the at the beginning
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it's very, I guess sort of intimidating.
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But as you delve into it, there's so many people who who
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who've made the the, the move and they're very happy to share
57:06
with you the the links and resources and answer questions
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on Telegram or WhatsApp or or or whatever.
57:15
So OK, we're still waiting on our residency.
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We applied about a month ago. So typically they say it takes
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about 45 days from date of the application.
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So hopefully we'll get it in the next next two, two weeks or so.
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We we actually and and also we're we're living now we're
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renting so we just want to remain mobile no matter how
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great the country appears. We're not ready to to you know
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but our forever home down just yet so we're renting so you can
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see behind me it's like a beautiful view of the pool palm
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trees and you know we're paying less than half of what we were
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paying in Canada before we we move.
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So yeah, there's a Telegram group called Expats, Bitcoiner
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Expats, and there's many, many categories.
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It's called Bitcoiners in El Salvador, and there are
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subcategories in there that that answers pretty much any question
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anybody might have. There's a category called
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Residency and Relocation, restaurants, if if you have
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questions about that, sports, if you have questions about that,
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healthcare, transportation, pets, permaculture, everything.
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So you go in there if you have any questions, somebody will
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always direct you to the right place or tell you know give you
59:07
the proper advice them themselves.
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So and then there's websites that actually help you,
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especially if you don't speak Spanish, which we don't,
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although we've been taking lessons classes in the last week
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and 1/2 or so. So there's there's services that
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help people relocate here. So lawyers, immigration
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specialists who who asked, you know, it's different for
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everybody. There's about 1516 different
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types of residencies that you can get depending on whether
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you're retired or a digital nomad or an entrepreneur or a
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student. So you'd have to you'd have to
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fill them in on your situation and they will be able to help
1:00:00
you. Very cool.
1:00:01
Very cool. All right, Doctor Albert, I do
1:00:03
want to pivot the conversation. I want to highlight what you are
1:00:07
working on. This is the me premade Bitcoin
1:00:12
merch store. This is something that you
1:00:14
wanted me to show on the show. So kind of walk us through
1:00:17
what's on here. And I know what this is.
1:00:20
This is something that your wife makes.
1:00:23
I got a custom Nikko one, which I'm so happy about.
1:00:26
I didn't bring it with me, but you know, this thing is awesome.
1:00:30
It's called the Orange Pills Car Pendant Bag Charm.
1:00:33
It is so freaking cool. I can't emphasize that enough.
1:00:36
So why don't you walk us through this website, Doctor Albert?
1:00:39
Sure, it's not my website, it's me.
1:00:41
Premier Bitcoin's at BTC Pay Server.
1:00:44
So about a week ago we went to a Bitcoin meet up here in El
1:00:50
Salvador and we were selling these little pills for for 10
1:00:54
bucks and people seem to really like them.
1:00:57
Then we got home and and my wife and I talked about it and we
1:01:01
decided that we didn't really want any of the profits from it.
1:01:05
So, So the next day I got in touch with Emilio from the
1:01:11
Premier Bitcoin and told him that we'd like to keep producing
1:01:16
these and every cent of that $10 will go directly to me Premier
1:01:25
Bitcoin. So we will bring them to meet
1:01:28
UPS, we will supply them to couple of stores and when
1:01:35
somebody purchases purchases it, they will pull up.
1:01:40
Well, not the, not the buyer, but the owner of the store will
1:01:44
pull up this BTC pay server and it'll if you click on buy, buy
1:01:52
the pendant, it'll show a dynamic lightning QR and you pay
1:02:00
for it and the money goes directly to the premier Bitcoin.
1:02:05
So you know that I'm not taking one penny out of that $10 and
1:02:10
hopefully that will encourage more people to to just purchase
1:02:15
because it's it's really a donation.
1:02:17
We're really asking for a $10 donation for for each of these
1:02:22
little pills that my wife makes. It is proof of work.
1:02:27
She she crochets them. It takes about 30 minutes or so
1:02:32
for this for this little one. So we we only can make so many
1:02:40
per day but we're going to be bringing I think we've made or
1:02:44
she's made about 20 of them and we're going to bring them to the
1:02:46
having party and hopefully people will buy them and and
1:02:51
realize it's going to like an amazing amazing cause.
1:02:56
Yesterday I was at the ME premier Bitcoin graduation for a
1:03:03
local school here where I I don't know how many exactly but
1:03:08
probably between hundred 150 students who took the ME premier
1:03:13
Bitcoin 10 week course graduated.
1:03:17
It was like a normal graduation ceremony.
1:03:20
They got their diplomas went up on stage, get their diploma and
1:03:26
I was one of the the verifiers. So I would verify that each
1:03:31
student was able to send and receive Bitcoin on lightning and
1:03:38
answer a couple of questions as well as restore seed phrase on
1:03:43
their hot wallet. So yeah, so I think everybody
1:03:48
passed. So yeah, new premier Bitcoin is,
1:03:54
is really going to help El Salvador.
1:03:57
And actually I believe they're in 21 countries.
1:04:00
I believe there's 700 Bitcoin teachers now that are signed up
1:04:07
with them. So people often ask or criticize
1:04:11
Bitcoin, saying it's not, it's not working.
1:04:14
I think it's failed. Not everybody, like hardly
1:04:18
anybody accepts Bitcoin. I mean, you can't expect an
1:04:22
entire monetary system of the world to change in one year, two
1:04:26
years, five years, 10 years, right?
1:04:29
It just doesn't make sense. So from the ground up with the
1:04:33
children learning, the difference between one of the
1:04:37
questions for verifying the students was what's the
1:04:41
difference between centralized and decentralized?
1:04:44
Another question was what is inflation?
1:04:47
What is the difference between the US dollar and Bitcoin?
1:04:51
You know these are they should be basic questions but I mean I
1:04:56
didn't even know the answer to those questions until a few
1:04:59
years ago and I'm in my 50s so I think it's going to a great
1:05:05
great 'cause and yeah 011 other thing yesterday at that
1:05:11
graduation BTC sessions, Ben was there and so I I I chatted him
1:05:18
up and I sold him one of these. So he is the first person to
1:05:28
donate to me premier Bitcoin through these little orange
1:05:32
pills. So, and I'd like for you to be
1:05:35
the second person, if we could do that live on air to show
1:05:39
people. 100% we can do that live on air.
1:05:43
Let's do that right now. This is is this main chain or is
1:05:49
this lightning? Here's the lightning here.
1:05:54
All right, let's do this. Nico get two, I want to be the
1:05:58
third. Let me.
1:06:00
See, I can hear. Let me let's just let's see if
1:06:03
we can make it through one first.
1:06:05
Here we go, is this me? There we go.
1:06:09
Meep your mid Bitcoin and it is sending the transaction right
1:06:17
now. Oh, you got Zeus?
1:06:20
I got Zeus. Nice.
1:06:24
Boom. All right.
1:06:25
Invoice paid. Boom, Boom, boom just made the
1:06:30
second donation to. There you go to and I got AI.
1:06:36
Got a little surprise for you all.
1:06:38
Right. I'm.
1:06:39
I'm all ears. I'm all.
1:06:40
Ears. Let's see if you guys can guess
1:06:44
who this might be. Oh, it's it's.
1:06:49
Oh my God. Let's get Toby's reaction.
1:06:53
I love it. I love it.
1:06:56
That is so cute. Oh my God.
1:06:59
It has headphones. I'm obsessed.
1:07:03
I'm obsessed. That's so cute.
1:07:06
Oh my. Everybody in the chat needs to
1:07:08
be buying these right now. This is so adorable.
1:07:12
Thank you so much. And thank you to your wife, Amma
1:07:15
says. Thank you.
1:07:17
So you're. Very, very welcome.
1:07:19
So if you'd like to maybe donate again, but for this one, 'cause
1:07:24
this one, yes, yes, later on, later on.
1:07:28
I will definitely have to. I will donate again one more,
1:07:33
one more time. But wow, this is Albert's won my
1:07:37
heart. Once again guys, you can check
1:07:40
the link to get yourself one in in the live chat.
1:07:45
I just put it, put the link there, put the link there twice
1:07:48
so you can go straight there anyways.
1:07:51
Actually, yeah. You can't buy directly from
1:07:54
there. We don't, we don't deliver.
1:07:56
So it's just for whoever's selling them to pull pull them
1:08:00
up to pay. Well, it's a it's it's a it's a
1:08:04
donation if you guys want to donate.
1:08:06
And. And yeah, so Albert, thank you
1:08:09
so much. Go ahead.
1:08:10
Wait. Yesterday when I ran to BTC
1:08:13
sessions, I said I I wanted them to watch the show because we've
1:08:18
got one for him too. Oh.
1:08:21
There we go. There you go.
1:08:24
There we go. It kind of looks like you.
1:08:28
It does. It does, yeah.
1:08:31
That'll be for him. Oh my God.
1:08:33
I love it. I love it.
1:08:35
Awesome. All right, guys.
1:08:36
Well, thank you so much for tuning in to another episode of
1:08:41
Simply Bitcoin Live, the second Simply Bitcoin Live episode
1:08:44
streaming live from Sun Salvador in El Salvador at the base of a
1:08:49
volcano. I want to thank my beautiful
1:08:52
wife Sophie for Co hosting today Philly and for Opti.
1:08:55
Thank you Sophie, really, really appreciate it.
1:08:57
And of course I also want to thank our very special guest
1:09:01
Doctor Albert, which tends to win over my heart multiple
1:09:05
times. We're going to be meeting in the
1:09:08
flesh very very soon at the having party.
1:09:11
So next time guys, we'll see you tomorrow for another episode of
1:09:14
Simply Bitcoin Live. Live from the having party on
1:09:18
the beach in El Salvador. Should be absolutely awesome.
1:09:21
I don't know where we're going to be set up, but it should be a
1:09:23
lot of fun. Doctor Albert, please hang
1:09:25
around in the in the the backstage for a little bit.
1:09:29
Anyways guys. Love you all.
1:09:31
If you guys enjoyed the show, like subscribe and we'll see you
1:09:34
tomorrow for a brand new episode.
1:09:35
Peace out everybody. Well, because they want to.
1:09:40
Sell. It eventually, Michael.
1:09:41
I mean, let's be honest, most of the people who are, yes, sure,
1:09:44
some people pass it on to their children, but like most of the
1:09:47
people who are buying assets at some point want to sell the
1:09:50
assets at a profit. So I guess let me say it
1:09:53
differently, people that use Fiat currency as a store of
1:09:57
value, there's a name for them. We call them poor, OK?
1:10:02
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