Latest / Simply Bitcoin / Billionaire CONFIRMS $1M Bitcoin Is Coming SOONER Than you Think! | EP 1264

Transcript

Billionaire CONFIRMS $1M Bitcoin Is Coming SOONER Than you Think! | EP 1264 · Simply Bitcoin

• 0:00
  Yo, Michael Saylor just went on Bloomberg and dropped one of the
• 0:03
  biggest Bitcoin bombshells you're going to have to see to
• 0:07
  believe. He basically told legacy
• 0:10
  mainstream media that we're going to hit $1 million one, 11
• 0:14
  million, $1 million Bitcoin, 100%.
• 0:18
  And he said that potentially in 2026 there was going to be no
• 0:23
  bear market at all. You got to see it to believe it.
• 0:27
  We have the clip lined up. Let's play it and then we'll
• 0:29
  talk about it. How do you expect the asset to
• 0:34
  continue a price increase at these levels that we've seen?
• 0:38
  I mean, can it keep that up over the next five years, over the
• 0:41
  next 10 years? And at what point do we see, you
• 0:46
  know, winter coming again because that's been a a
• 0:50
  permanent fixture of of this asset class, right?
• 0:54
  It's gone from 0 or 1000 to 20 and then back down to three or
• 1:00
  four and then up to 50 and then back down to 15 and now up to
• 1:04
  110. Like when does it drop again?
• 1:07
  Winners not coming back, we're past that.
• 1:10
  We're past that phase. If bitcoins not going to 0, it's
• 1:13
  going to $1,000,000 and you have all the evidence you need to
• 1:17
  determine that, right? The president of the United
• 1:19
  States has determined he supports Bitcoin.
• 1:22
  The cabinet supports Bitcoin. Scott Peasant supports Bitcoin.
• 1:26
  Paul Atkins has shown himself to be an enthusiastic believer of
• 1:30
  Bitcoin and digital assets. Ken Taz at CFTC feels the same.
• 1:35
  Ray, the the banks are going to custody Bitcoin.
• 1:40
  Bitcoin is has gotten through its riskiest period.
• 1:44
  The accounting has been corrected.
• 1:46
  There's now only 450 Bitcoin a day available for Sale by
• 1:50
  natural sellers. That's the miners.
• 1:52
  At this level, that works out to about $50 million of Bitcoin
• 1:56
  available for sale every day. If that $50 million is bought,
• 2:00
  then the price has got to move up to find any natural, any any
• 2:04
  seller that's price sensitive. Now, if you do the math, you'll
• 2:08
  actually see the Bitcoin treasury companies by themselves
• 2:11
  are buying the entire natural supply.
• 2:14
  BlackRock and the ETFs are buying another measure of that.
• 2:19
  And we've got nation state actors coming into the space.
• 2:23
  So I think when Bitcoin rallies, if it surges to 500,000 or
• 2:29
  $1,000,000, then maybe we could talk about it crashing down by
• 2:33
  $200,000 a coin. But at the current price levels,
• 2:37
  it only takes $50,000,000 to turn the entire drive shaft of
• 2:41
  the crypto economy. One turn and you've got the
• 2:44
  Trump Media Organization announcing 2 1/2 billion.
• 2:47
  You've got GameStop announcing 500 million.
• 2:50
  You've got my company that's raising billions and billions of
• 2:54
  dollars. So the writing is on the wall.
• 2:56
  Bitcoins moving higher. All right, everybody, tons to
• 2:59
  unpack here. By the way, we're joined with
• 3:01
  Dave Bradley. Dave Bradley's the strongest,
• 3:04
  best looking, most intelligent Bitcoin entrepreneur in Canada
• 3:08
  joining us on the show and he's got a hoagie with him.
• 3:12
  Anyways, guys, let's talk about this crazy, crazy clip that
• 3:16
  Michael Saylor. I mean, he's bold.
• 3:18
  I mean, he's vindicated, rightly so.
• 3:21
  I mean, he, he paid his dues, he earned his stripes.
• 3:25
  You know, he bought Bitcoin basically at the top at 20 and
• 3:28
  2021. You know, his company was down
• 3:30
  billions of dollars. And then, of course, this bull
• 3:34
  market picked up and Michael Saylor was vindicated.
• 3:37
  And all of a sudden, you're starting to see Bitcoin treasury
• 3:40
  companies popping up left and right worldwide.
• 3:43
  We have the announcement of Nakamoto, David, David Bailey.
• 3:49
  There's a lot of Davids on today.
• 3:50
  A lot of Davids, lot of Davids, David Bailey.
• 3:54
  And then of course, you had Jack Mahlers and Tether and SoftBank
• 3:58
  with 21 Treasury company. And then you have all these
• 4:02
  international Bitcoin treasury companies as well.
• 4:05
  But there was a, there was a lot of things that he said there,
• 4:08
  which I've been in Bitcoin for almost a decade now.
• 4:11
  And I've heard this before. And you know, what am I saying?
• 4:15
  There's going to be no more bear markets.
• 4:16
  There's going to be no more winters.
• 4:18
  This is the Super cycle. We've heard this before, right?
• 4:21
  And then there's the question of paper Bitcoin.
• 4:24
  Why am I saying paper Bitcoin? Because fundamentally, a lot of
• 4:28
  these Bitcoin treasury companies, we have to take their
• 4:30
  word for it that they have the Bitcoin.
• 4:32
  They say they do. And you know, Michael Saylor is
• 4:34
  making a big a good case in terms of the regulatory
• 4:38
  environment, right? You have the Trump
• 4:39
  administration who not only is pro Bitcoin, but the family
• 4:44
  itself owns Bitcoin, right? The vice president owns Bitcoin.
• 4:48
  A lot of the cabinet members own Bitcoin, the Treasury Secretary
• 4:52
  owns Bitcoin, positive towards Bitcoin, has said positive
• 4:55
  things about Bitcoin publicly on legacy media.
• 4:58
  So all the breakdown by Michael Saylor is completely correct.
• 5:02
  But I see a lot of hesitation on X and I, I've, I've seen this
• 5:08
  pattern before. Maybe it's different because
• 5:10
  it's Wall Street, but I don't know.
• 5:13
  I'm going to ask this Bitcoin OG David Bradley.
• 5:17
  You've been here for a very long time in this industry, my
• 5:20
  friend. What's your take on Michael
• 5:23
  Saylor's predictions? Well, I mean, bitcoins obviously
• 5:28
  going to a million at some point, the idea that there's
• 5:31
  going to be no bear market, like nobody can really predict that
• 5:35
  one way or the other. I have no idea whether there's
• 5:37
  going to be a bear market. If sailor or anyone else could
• 5:41
  predict that, they would do nothing but predict markets,
• 5:43
  right? And so he's obviously talking
• 5:45
  his bag and it makes makes sense.
• 5:48
  But I think the whole phenomenon is, is pretty interesting
• 5:51
  because it's just a, it's an example of like the broader
• 5:55
  market and a lot of a lot of retail interest in the people
• 5:57
  that are piling into these stocks in a roundabout way are
• 6:01
  just realizing that dollars are free to create.
• 6:04
  And so they're like, you mean we can just like create these legal
• 6:07
  structures within the current system and dollars will come in
• 6:10
  there and then we can get Bitcoin for these worthless
• 6:12
  dollars. And, you know, it's a it's, it's
• 6:15
  a smart move. You can get someone else to
• 6:18
  someone closer to the money printing spigot than you to give
• 6:21
  you some dollars that they acquired very cheaply or for
• 6:23
  free and use them to buy the most scarce asset in the world.
• 6:27
  Then it, it's a no brainer. So I think, I think the general
• 6:32
  thesis is, is right that, you know, all this, all this capital
• 6:36
  is pouring in. The world's finally starting to
• 6:37
  see it as a reserve asset. I don't really care whether
• 6:41
  Trump or any other government people like it, it's, it's the
• 6:45
  antidote to those people. It's the antidote to that entire
• 6:48
  system. And ultimately the Bitcoin is
• 6:51
  the technology that will lead to the end of the United States
• 6:53
  government. But I, you know, I think the the
• 6:57
  winds shifting in general is a is a positive thing.
• 7:01
  Yeah, absolutely. And, and I just want to kind of
• 7:03
  clarify there, right, which is Bitcoin in general, right?
• 7:07
  You know, peacefully what it's going to do over a long period
• 7:10
  of time is it's going to shrink the size of governments because
• 7:15
  governments size and bureaucracy are fueled by their ability to
• 7:19
  print money, right? And that really is just a form
• 7:23
  of wealth redistribution. And that just makes governments
• 7:28
  larger and larger and larger. Obviously with Bitcoin and
• 7:31
  alternative system, the more and more people realize that hey,
• 7:35
  wait a second, you know, inflation isn't necessary.
• 7:38
  Money can exist without inflation.
• 7:41
  More people choose to opt out of the Fiat system of Fiat money.
• 7:47
  The question what is money is asked more and more and more by
• 7:51
  the populace until until we reach a critical mass.
• 7:54
  And I think that's what Dave, David, Dave was talking about in
• 7:58
  terms of, you know, you're going to see an eventual decrease in
• 8:02
  size of governments because their ability to print to fund
• 8:08
  themselves will be greatly diminished as more and more
• 8:11
  people choose to opt out into a non sovereign alternative, which
• 8:15
  is Bitcoin, right? I think that's the case that
• 8:18
  Dave is trying to make. And by the way, this phenomenon
• 8:21
  isn't just going to be happening in the United States.
• 8:24
  I think this is a phenomenon that's going to be happening
• 8:26
  worldwide. And I think in the process of
• 8:28
  this phenomenon playing out, I think humanity is going to
• 8:31
  experience a freedom the which the likes it's never seen before
• 8:35
  in human history. And that's really, really
• 8:39
  exciting times. But all this is going to happen
• 8:41
  legally, democratically, peacefully.
• 8:44
  And it's just a matter of game theory and incentives.
• 8:47
  Like fundamentally it comes down to this.
• 8:50
  Bitcoin is better money than Fiat.
• 8:52
  Bitcoin is better money than dollars.
• 8:54
  Eventually the world is going to come to that realization like it
• 8:58
  has over the last 16 years. This is why Bitcoin has been the
• 9:01
  best performing asset the world has ever seen.
• 9:04
  We all keep hearing American Dream is dead.
• 9:07
  We keep hearing that narrative over and over and over again.
• 9:09
  We keep hearing, hey, I can't afford rent.
• 9:12
  I can't afford groceries. Well, that's because you haven't
• 9:14
  been saving in Bitcoin. If you've been saving in
• 9:17
  Bitcoin, everything around you has been in get has been getting
• 9:20
  progressively cheaper and cheaper and cheaper and cheaper
• 9:24
  and cheaper. And I just had a great
• 9:25
  conversation with Jeff Booth about a week ago.
• 9:28
  So we posted it on our YouTube channel and he's basically
• 9:31
  making the case. And Jeff Booth, also a great
• 9:34
  Canadian, he's basically making the case that, look, the natural
• 9:38
  state of the free market is deflationary.
• 9:41
  Money should be deflationary, but it's because governments
• 9:45
  have got involved, they've manipulated, they've controlled,
• 9:48
  they've printed money that they've like kind of
• 9:51
  Frankenstein the free market system.
• 9:54
  And a lot of people bought into the very idea that, you know,
• 9:58
  somehow money Lee needs to lose 2% in purchasing power in order
• 10:03
  for it to function. Bro, one of the comments that I
• 10:05
  got in the Jeff Booth episode, just to give you guys an idea of
• 10:09
  how heavily entrenched this is, one of the comments that I got
• 10:12
  in the Jeff Booth Booth podcast was like Nico, like if there
• 10:17
  isn't any inflation, like no one will invest and no one will
• 10:20
  purchase anything, right? Like, and I saw that comment,
• 10:23
  I'm like, wow, we're still early, right?
• 10:25
  So Dave, I don't know if you want to add to that, man, Very
• 10:27
  exciting comments by by Sailor. I feel like he feels emboldened
• 10:31
  strategies performed extremely well.
• 10:34
  Now my question to you is, you know these treasury companies in
• 10:38
  a way they're kind of outperforming Bitcoin, Are they
• 10:43
  a substitute for people buying spot Bitcoin and putting it into
• 10:46
  self custody? Yeah.
• 10:49
  So they're definitely not a substitute for that.
• 10:52
  You're getting when you buy into one of these treasury companies,
• 10:55
  you're getting partial exposure to the price of Bitcoin.
• 10:57
  So that's a really important thing.
• 10:59
  That's probably the most important thing about buying
• 11:02
  Bitcoin. But you're missing the other
• 11:04
  half of the equation, which is the ability to control your own
• 11:07
  money. And I don't think that the
• 11:09
  market is really acting rationally when it's pricing
• 11:12
  these treasury companies. And that's why there's so many
• 11:13
  of them popping up is because there are these massive, massive
• 11:17
  premiums on the Bitcoin that they're holding.
• 11:20
  And the value of the enterprise that, you know, like the value
• 11:24
  of of MicroStrategy in the actual business unit, there is
• 11:27
  nowhere near what the premium the stock suggests it should be.
• 11:32
  And So what we've got is a case where the markets are being
• 11:35
  irrational. And, and that makes a lot of
• 11:37
  sense because the markets are funded by a, like I said, by
• 11:40
  this free spigot of Fiat. And when the, when the Fiat is
• 11:43
  free, it makes it very hard for the market to accurately price
• 11:46
  anything when, when the dollar is the denominator.
• 11:50
  And so that's where we're seeing right now is really just the
• 11:52
  symptom of so much money in the markets flying around and the
• 11:55
  fact that the markets don't have their incentive systems aligned
• 11:58
  at all. So they can't really price
• 12:00
  anything. And so when you invest in a
• 12:02
  Bitcoin treasury company, you're not, you're not just investing
• 12:05
  in the Bitcoin. There is, there is the Bitcoin
• 12:07
  on the balance sheet that you have some claim to.
• 12:10
  In theory, what you're really investing in though, especially
• 12:13
  if you're investing in one of these ones that already has a
• 12:15
  premium on it, is the, the, the variation in how irrational the
• 12:20
  market will continue to be. So you're betting is this
• 12:23
  premium going to go from a 2X of the the Bitcoin on the books to
• 12:26
  a 3X and and in that way outperformed the underlying
• 12:29
  Bitcoin. And so it's a bit of a gamble
• 12:32
  there. There is more money to be made
• 12:34
  on this. There's even more money to be
• 12:36
  made on roulette. You know, if you want to gamble,
• 12:39
  you can make a ton of money just just throwing it down on red and
• 12:43
  spinning the wheel. So it's it's a gamble compared
• 12:47
  to actually holding Bitcoin. And I think that the the risks
• 12:50
  that are present in there are not really priced in whatsoever.
• 12:53
  I don't think there's been enough talk about those in the
• 12:54
  market. You got, first of all, the fact
• 12:56
  that all of these bitcoins are pretty much stored in the same
• 13:00
  place, right? Like they're all in the state of
• 13:01
  New York. They're all sitting there in
• 13:03
  Coinbase custody and Fidelity custody.
• 13:06
  And those are or in danger in a couple ways. 1 is that there is
• 13:10
  there is a danger of a hack. We would hope that, you know,
• 13:14
  they've been a big target for a long time.
• 13:15
  They've probably got their security, both physical and
• 13:18
  digital down pretty well and we haven't seen a hack from them.
• 13:21
  But you have to acknowledge that that is a possibility that's out
• 13:24
  there. And then the second possibility
• 13:27
  is some kind of government intervention, right?
• 13:29
  Like a 61O2 attack from the government.
• 13:33
  As as Nico mentioned, the invention of Bitcoin in the long
• 13:37
  term permanently removes the government's ability to print
• 13:39
  money to spend money. And so one of two things is
• 13:42
  going to happen. Either the government is going
• 13:45
  to stop spending as much money as it as it does and start
• 13:49
  acting a bit more rationally, which is kind of a hilarious
• 13:52
  idea. And the other option is that the
• 13:55
  government is going to run out of spending power at some point.
• 13:58
  And if they have, you know, these millions of Bitcoin that
• 14:01
  are sitting in custodians that are regulated by the state of
• 14:04
  New York and they have both physical and legal access to
• 14:07
  those coins. The chances that they will at
• 14:10
  some point decide to say, hey, we're taking those coins just
• 14:13
  another executive order 61 O 3 or whatever you want to call it.
• 14:17
  And we're going to replace those coins either with dollars that
• 14:21
  we of course, have printed for free or IO us denominated in
• 14:25
  Bitcoin that are backed by the full force of the United States
• 14:28
  government, which, you know, of course, they have printed those
• 14:30
  IO us for free as well. So I wouldn't feel safe with my
• 14:35
  only exposure to to Bitcoin being in those those treasury
• 14:39
  companies. But like, I see why people
• 14:41
  invest in them. And you know, it's it is a way
• 14:45
  to make some quick money, just like roulette.
• 14:48
  Yeah, absolutely. And I and I, I agree with.
• 14:51
  There's something that you bury the lead there, David, I, I want
• 14:55
  to emphasize, I want to double back on that, which is the, the
• 15:00
  risk to these hasn't been priced into them.
• 15:04
  And Dave, you know, we've been through a couple cycles already
• 15:08
  and there's always that thing that outperforms Bitcoin during
• 15:13
  that cycle, right? So 2017 was the Icos, 2021 was
• 15:19
  the layer 2, all coins, Etherium, whatever, Cardano.
• 15:24
  And then this cycle it seems to be the Bitcoin treasury
• 15:28
  companies, right? So I've seen this pattern
• 15:31
  before. Now does that mean that strategy
• 15:35
  is at risk? I don't think so.
• 15:37
  Does that mean that 21 is at risk?
• 15:39
  I don't think so. Does that mean that Nakamoto is
• 15:41
  at risk? I don't think so.
• 15:42
  But all the other copycats that are inevitably going to come and
• 15:47
  they're going to start cutting corners because they're going to
• 15:49
  try to, you know, take more risky loans to try to accumulate
• 15:54
  more Bitcoin to raise the price of their stock.
• 15:56
  I think eventually there's going to be some type of catalyst and
• 16:00
  then there's going to be a domino effect and then we're
• 16:02
  going to get that bear market that was never going to come,
• 16:05
  right? Like, you know, like we've seen
• 16:08
  this play out so many times. It's just there's always this
• 16:10
  different like alpha play that outperforms the price of
• 16:14
  Bitcoin. But as you were saying, David,
• 16:18
  like, you know, stay humble, stack sacks, right?
• 16:21
  Like you can just go and play roulette.
• 16:23
  Like we went and we, I played roulette once in Vegas, by the
• 16:26
  way, and I put $50 on red. My roulette, my roulette rule is
• 16:30
  very simple, right 'cause I don't like gambling.
• 16:32
  I like poker though. Poker's pretty cool.
• 16:34
  I don't think of it as gambling as much.
• 16:37
  But roulette, it's simple. You put it on one color one
• 16:40
  time. If you lose, you walk away.
• 16:41
  If you win, you walk away. That's it, right?
• 16:44
  So anyways, Opti has a better roulette strategy.
• 16:47
  But before I pass it on to Opti, my sister is in the room.
• 16:50
  I do want to embarrass her, so I'm going to say this live.
• 16:56
  Anyways, Opti, what are your thoughts, bro?
• 17:00
  What are your thoughts on the treasury, the treasury companies
• 17:02
  And what are your thoughts on the Michael Saylor's $1 million
• 17:07
  Bitcoin prediction? And basically him saying,
• 17:11
  listen, crypto winner, Bitcoin winner, it's over, it's done.
• 17:14
  We're in a super cycle. Well, I do love super cycle
• 17:18
  meme, so you know, I truly, of course I love that meme.
• 17:22
  But First off, Bitcoin treasury companies, I couldn't agree more
• 17:26
  with what Nico and Dave were saying.
• 17:27
  It does seem to be the new ICO. It's all the craze right now.
• 17:31
  And you know, again, we've been saying for a while, it's
• 17:34
  probably not going to be MicroStrategy or MicroStrategy
• 17:37
  or Nakamoto or even maybe Metaplanet.
• 17:40
  But it does seem that at some point these Bitcoin treasury
• 17:44
  strategies will be the reason for a huge collapse.
• 17:48
  Hopefully it's not as big as an FTX collapse, but this is the
• 17:52
  craze and the hype that we're seeing right now, which makes me
• 17:55
  I feel like it's coming at some point.
• 17:57
  And as Dave said, if your only exposure to Bitcoin is through
• 18:02
  these Bitcoin treasury companies, personally I would
• 18:05
  not do that. I do not recommend that.
• 18:06
  I think you should be holding Bitcoin directly.
• 18:08
  Obviously it's the best savings vehicle period.
• 18:11
  Yes, you might be able to get some some extra Fiat gains out
• 18:14
  of these Bitcoin treasury companies.
• 18:16
  But I mean even Saylor has said it himself, he's like, look, if
• 18:18
  that is too much risk for you and you're a little more risk
• 18:21
  averse and obviously just hold Bitcoin in cold storage.
• 18:24
  So I think even he's saying this, but I don't think it's
• 18:27
  said enough out there. A lot of people are like, I
• 18:29
  mean, we were trolling here, Nico, we were even talking about
• 18:32
  Nico was like, man, I should just gone All in all micro
• 18:34
  strategy. And we're like, yeah, you know,
• 18:36
  hindsight 2020. It's very easy to look back and
• 18:39
  be like, that should have been the move, but who knows?
• 18:42
  It could have played out differently.
• 18:43
  So I don't think there's a problem with you, you know,
• 18:45
  playing a little bit in Bitcoin treasury companies.
• 18:48
  Obviously, you know, Nakamoto is the latest one by David Bailey
• 18:51
  seems to be doing well. We saw what happened with
• 18:53
  Metaplanet. We saw what happened with
• 18:55
  strategy there. They've got nuclear and like you
• 18:59
  know, the Dave was saying there is a premium on these stocks
• 19:03
  right now. The, the market is a bit
• 19:05
  irrational right now. There's a lot of hype being
• 19:07
  involved in these stocks and hey, there's money to be made.
• 19:10
  If you if you understand what's going on now on the $1,000,000
• 19:14
  prediction, obviously we think it's going there.
• 19:16
  Do we know when? No, but it is starting to feel
• 19:20
  like it's going to happen sooner than we think, especially when
• 19:22
  you kind of consider all the things that Sailor was saying in
• 19:26
  that clip. There's just a lot of momentum
• 19:29
  in our direction. And I think at a certain point
• 19:31
  when the price does start running, it's going to be a
• 19:34
  violent move upwards. I don't think it's going to be
• 19:37
  the slow climb. I I think we are kind of in that
• 19:40
  disbelief stage right now. And once it breaks, I think it's
• 19:43
  going to break very hard. Now what do I know?
• 19:46
  I don't know. You know, I don't have a crystal
• 19:48
  ball. And that leads me to the last
• 19:49
  point of a bear market. Obviously, I would love to see
• 19:53
  no bear market ever again. I would love for this to be the
• 19:56
  Super cycle playing out in real time.
• 19:59
  But what we're doing here and kind of our thesis and our you
• 20:03
  know, outlook and perception of what we're doing, we're planning
• 20:07
  as if there is going to be a bear market.
• 20:09
  So again for everyone out there as we've seen in the past, do
• 20:13
  not get over leverage right now thinking that super cycle no
• 20:17
  bear market in 2026. I I still think there is a big
• 20:20
  possibility. Of another, you know, 5060%
• 20:23
  drawdown. So we're working on the basic
• 20:27
  premise that we will see a bear market again and everything
• 20:30
  we're doing is built around that idea.
• 20:33
  If we are, you know, proven wrong, then I would be
• 20:36
  pleasantly surprised. But I I'm still, even though I'm
• 20:39
  a super cycle maxi, I still think 2026 is going to be a bear
• 20:42
  market. Yeah.
• 20:43
  And I mean there there's no reason to think otherwise.
• 20:46
  And again, we've we've seen this pattern play out many, many,
• 20:52
  many times before. And then people feel euphoric.
• 20:55
  When people feel euphoric, they get over leveraged and then the
• 20:58
  whole thing comes crashing down and it humbles the F out of you.
• 21:02
  And then you have a two year kind of people finding their
• 21:04
  souls again. And the kind of cycle repeats
• 21:06
  itself. I, I don't see, I don't, I don't
• 21:09
  see why this cycle's any different.
• 21:11
  But as you know, he, he is the most intelligent, best looking
• 21:15
  Bitcoin entrepreneur in Canada, correctly pointed out, you know,
• 21:19
  Michael Saylor is he's, he's pumping his bags, right?
• 21:22
  He's advocating for his bags, which makes sense, right?
• 21:25
  It's incentives. So you know, but at the same
• 21:28
  time, you know, I'm bullish. I'm I, I personally, I'm, I'm a
• 21:32
  Bitcoin, I'm a spot Bitcoin type of guy, but I, I am bullish on
• 21:35
  MicroStrategy. I think what Sailor's done for
• 21:37
  the space in terms of advocacy, in terms of bringing it into the
• 21:42
  traditional financial markets, I think it's done.
• 21:45
  I think it's been amazing, right, But you know, as, as as
• 21:48
  Dave pointed out, you know, it is it is more you are taking on
• 21:52
  more risk and it isn't the equivalent of buying spot
• 21:56
  Bitcoin and taking it into self custody because that is more of
• 22:00
  a guarantee and guarantee's a very strong word.
• 22:03
  And you know, just to use sailors own words, I'm going to
• 22:06
  borrow some of his own words, right, like this thing isn't
• 22:10
  going this this thing's isn't getting banned, right, This
• 22:14
  thing, you know it, we've gone over the biggest hurdles in my
• 22:18
  opinion, in Bitcoin, like the China mining ban was pretty
• 22:23
  effing crazy and Bitcoin survived decentralizing the hash
• 22:27
  rate in in a past with flying colors, right?
• 22:30
  The hash rate recovered within nine months, right?
• 22:32
  We're one of the most powerful countries on the face of the
• 22:34
  planet essentially buying ban Bitcoin mining.
• 22:36
  The hash rate dropped 50%. You can make an argument that it
• 22:38
  cut the 2021 market short and Bitcoin survived the fork wars.
• 22:43
  That was pretty crazy. The strong or some of the
• 22:46
  strongest Bitcoin companies like Bit Main, Jihan, Wu, Roger VER,
• 22:51
  all kind of teamed up. They had bad, they had stacks
• 22:54
  and stacks of Bitcoin and tried to change the rules and that
• 22:57
  didn't work out. Look at where Bitcoin Cash, look
• 23:00
  at where BSV is today, right? And then of course, the
• 23:03
  regulatory attack operation Choke point 2.0, which we were
• 23:07
  experiencing in the US the last four years or so.
• 23:10
  And of course, the US government is putting pressure on all
• 23:12
  governments around the world. We plat, we passed that with
• 23:15
  flying colors as well. We literally got a pro Bitcoin
• 23:17
  president in the White House, right?
• 23:19
  They messed with us and we literally threw our political
• 23:21
  hat in the ring. And there's a change in
• 23:23
  administration, of course, democratically, peacefully and
• 23:27
  legally. So, yeah, I mean, like bitcoins
• 23:30
  winning, like that's undeniable. And I think it's a question for
• 23:34
  you guys. You know, are you going to stay
• 23:35
  humble, stack SAT, stay solvent, buy spot Bitcoin, put in self
• 23:39
  custody or as Dave point out, are you going to play roulette?
• 23:43
  You know, in a way, in a way, I'm not saying it's the
• 23:45
  equivalent of roulette, but yeah, I do want to give a shout
• 23:48
  out to the live stream. We have 2000 people watching
• 23:51
  live, 500 people watching live on YouTube, 1300 watching live
• 23:56
  on X and around. Oh, we peaked at 300 on rumble.
• 23:59
  We're we're we're at 130 right now.
• 24:02
  So shout out to the live stream. If you guys are enjoying the
• 24:04
  show, make sure to smash that like button.
• 24:07
  We have a jam packed show for you guys.
• 24:10
  We have so much to cover. We got Kathy Wood, I think
• 24:13
  during the numbers also extremely bullish and then we're
• 24:17
  going to be breaking down. Speaking of Michael Saylor,
• 24:21
  Michael Saylor announced the STRD investment for long term
• 24:25
  investment, long term investors and that essentially is going to
• 24:29
  go after the bond market and that's a big deal because the
• 24:33
  bond market is effing huge. Now, why am I bringing this up
• 24:38
  after everything that I just said?
• 24:40
  Because I think that eventually what what this is showing is
• 24:46
  it's work. It's waking up people to the
• 24:48
  reality that Bitcoin is better money, right?
• 24:53
  It kind of gets the foot in the door.
• 24:56
  So is it direct exposure to Bitcoin?
• 24:59
  No, but it's waking up the public consciousness what
• 25:03
  Michael Saylor did yesterday, and we talked about it on
• 25:06
  yesterday's show where he joined the Jordan Peterson podcast.
• 25:10
  Jordan Peterson has 8.7 million subscribers on YouTube.
• 25:13
  He's a mainstream content creator.
• 25:15
  And he was just basically saying, look, my company was
• 25:19
  fried and then I adopted a Bitcoin standard.
• 25:22
  I had to ask the question, what is money?
• 25:24
  I was trying everything and anything and I couldn't figure
• 25:27
  it out. And the reason I couldn't figure
• 25:29
  it out is because essentially inflation was bleeding my
• 25:34
  company dry. There's going to, there's going
• 25:36
  to, we're going to reach a critical point where, you know,
• 25:40
  a percentage, let's say 20 to 30% of the population come to
• 25:44
  that realization that the money that they're using is
• 25:48
  fundamentally broken. And by switching, it fixes
• 25:52
  everything else, right? And we kind of saw this a little
• 25:56
  bit with social media, right? Over the last 10 years.
• 25:59
  We saw the disintermediation of media, right?
• 26:02
  Legacy media tried to, they tried tooth and nail to try to
• 26:07
  censor, stop. Governments were doing this as
• 26:09
  well. And then what happened?
• 26:11
  It reached a point where, you know, 40 to 50% of the
• 26:15
  population stop consuming their news from legacy media and
• 26:19
  started consuming their news from podcasts and X, right?
• 26:22
  And all of a sudden, people started to wake up, right?
• 26:25
  I think the same pattern is going to repeat itself, but with
• 26:30
  Bitcoin. Before we move on, I do want to
• 26:32
  get Dave's thoughts before we wrap up this section.
• 26:35
  We move on to the next section. Dave, what are your thoughts,
• 26:39
  man? What do you see the next five
• 26:41
  years in Bitcoin, You know, $1 million more adoption.
• 26:45
  Where are we going, my friend? It could go anywhere.
• 26:51
  You know, I think there this this treasury company sort of
• 26:56
  bubble that we're in right now could could have an effect going
• 26:59
  either direction, right. And you had mentioned the paper
• 27:02
  Bitcoin, which you know, it's it's something that if if I was
• 27:06
  going to invest in a treasury company, I would want to
• 27:07
  understand really thoroughly what it is they do with their
• 27:11
  Bitcoin, right? Like are they re hypothecating
• 27:14
  that Bitcoin? Are they lending it out?
• 27:16
  Are they are they doing something to try to get yield
• 27:18
  with that Bitcoin? Are they are they boring against
• 27:21
  that Bitcoin? Is there any anything else
• 27:23
  encumbering the Bitcoin in the company that would mean that you
• 27:26
  know that someone else has a claim to it before the
• 27:29
  shareholders of the company? So it could go in that sense
• 27:34
  that, you know, the something could usually a Black Swan,
• 27:38
  something that we're not expecting could happen.
• 27:40
  And we can end up in a situation where, you know, the the
• 27:44
  confidence in the market that has been driving these premiums
• 27:47
  dries up. But then the flip side of that
• 27:50
  of the paper Bitcoin is that we could end up in a situation
• 27:52
  where there just aren't enough Bitcoin, right?
• 27:55
  We saw sailors saying they don't need proof of reserves.
• 27:58
  And to me that's what you say if you don't have all the coins or
• 28:02
  the coins don't add up on the balance sheet, right.
• 28:05
  And so I think there is a chance and and we've seen this
• 28:09
  mentioned a lot of times where we've got all these treasury
• 28:11
  companies coming in and they're just, you know, it's, it's not
• 28:16
  affecting the price as much as we think it should be.
• 28:18
  And so the question is, do all these companies actually own the
• 28:21
  bitcoins? They say they do.
• 28:23
  And if if if not, then what happens when they're called to
• 28:26
  account for that? Are they suddenly going to have
• 28:28
  to have to buy up bitcoins that, you know, they're essentially in
• 28:32
  a short position on right now? And so the the market could move
• 28:36
  really quickly in either direction.
• 28:37
  Obviously in the long term, I'm at bear.
• 28:39
  I have no idea what's going to happen in the short term.
• 28:41
  But yeah, I mean, all of those numbers, there's not really a
• 28:44
  number in dollars. Too high?
• 28:45
  In the long term, you're a bear. Did you mean in the long term
• 28:48
  you're a bull? Sure.
• 28:50
  Yeah. In the yeah.
• 28:51
  In the long term, I'm a bull Exactly.
• 28:52
  Yeah, sorry. And yeah, I could like 100
• 28:56
  million Bitcoin, $100 million per Bitcoin is likely to be a
• 28:59
  number that we see someday, whether or not that's because
• 29:03
  the market decides that Bitcoin is more valuable than it thinks
• 29:05
  it is now or just because dollars become much less
• 29:08
  valuable as they have been going, you know, we're gonna get
• 29:11
  there at some point. So for me, like I, I've, I've
• 29:15
  been through enough of these cycles, I'm not really emotional
• 29:17
  about the price anymore. And like, personally, I'd rather
• 29:20
  the price go down 'cause I don't feel like have anywhere near
• 29:23
  enough Bitcoin and I'd like to buy more before we get to those
• 29:26
  those crazy. Members that that's only
• 29:28
  something a true Bitcoiner would say, right?
• 29:30
  Bitcoiners are OK with going price going down because it
• 29:33
  means you're able to stack more and we're OK with the price
• 29:36
  going up right? But it's kind of bittersweet in
• 29:38
  both directions. Now I do want to address some of
• 29:41
  these comments, right? We have Mr. B saying no evidence
• 29:44
  of wrongdoing. Sorry, I don't side with you.
• 29:47
  You're getting mad with no evidence.
• 29:48
  It's a bad look. Look, guys, it's as simple as
• 29:51
  this, right? Bitcoin, we have a philosophy of
• 29:56
  don't trust verify. Personally, I like Michael
• 29:59
  Saylor. I think what he's contributed to
• 30:01
  the space has been amazing, right?
• 30:04
  I've had, you know, met with the guy, went to the 100K party at
• 30:08
  his house in Miami Beach, and I like the guy and I think he's
• 30:12
  contributed tremendously to the space.
• 30:15
  However, in the Bitcoin community, we have a saying and
• 30:18
  it's a very important saying. It's don't trust verify, right?
• 30:23
  And here's the thing, Tether has made their reserves public.
• 30:29
  Literally. Paulo posted on X copy paste
• 30:33
  boom. Here's an address.
• 30:34
  Here's our 98,000 coins. The country of El Salvador has
• 30:39
  made their reserves public. You can literally see how much
• 30:43
  Bitcoin El Salvador has, right? And you could see them
• 30:46
  accumulating, right? So if there's anyone that wants
• 30:50
  to take a little bit off the top, or if they, you know, try
• 30:53
  to re hypothecate, take, take a loan, you're going to see that
• 30:56
  on chain. And what does that do it?
• 30:59
  It holds accountability. There's accountability there,
• 31:02
  right? When you don't have access to
• 31:05
  that, it's a trust me, bro type of situation.
• 31:09
  I'm not questioning sailors integrity.
• 31:12
  I'm not saying that he's doing that, but what I'm saying is we
• 31:17
  have the technology where we don't have to live in a trust me
• 31:21
  bro type of situation and we should take advantage of that,
• 31:25
  right? Because history has shown that
• 31:28
  the trust me bro, I'm not saying that this is going to happen to
• 31:32
  any of these companies, but history has shown that the trust
• 31:35
  me Bro type model is not as efficient as the don't trust me
• 31:41
  bro verify model, right? That's all we're saying.
• 31:45
  So anyways, it's going to be a great show.
• 31:48
  I do want to give a shout out to the live stream.
• 31:50
  You just broke 2000 live viewers on YouTube and X and of course
• 31:54
  the Rumble live streams coming in hot with 150 live viewers.
• 31:58
  If you guys are enjoying the show, make sure to smash that
• 32:02
  like button. I'm here with of course, my
• 32:04
  legendary Co host Optimist Fields and of course our special
• 32:08
  guest for today, the strongest, best looking and most
• 32:11
  intelligent entrepreneur in Canada, Dave Bradley.
• 32:14
  We have tons to talk about. We're going to be talking about
• 32:17
  the Bitcoin rodeo. During the culture segment, we
• 32:20
  got a clip of Kathy Wood going in hot, dropping some bullish,
• 32:24
  bullish signal. And of course, during the new
• 32:28
  segment, we're going to be talking about the bond market.
• 32:30
  We're going to be talking about another thing that Michael
• 32:33
  Saylor is introducing. And the reason this is so such a
• 32:36
  big deal is because the bond market is massive.
• 32:40
  It's absolutely huge. And here's the thing, what
• 32:44
  happens when institutional investors like you, you guys
• 32:47
  have to understand how bonds are looked at, right?
• 32:50
  Bonds are looked at as the most safe investment you can make.
• 32:55
  Practically like especially like from like, you know, trusted
• 33:00
  countries, right? What happens if all of a sudden
• 33:04
  Bitcoin proves to be the safer bet, the safer play?
• 33:09
  What happens? Where do you think the price is
• 33:11
  going to go? Where what do you think happens
• 33:14
  there? Right?
• 33:14
  So we're going to be talking about that.
• 33:16
  We're going to be unpacking it and I think it's going to be a
• 33:19
  great conversation. Opti, this reminds me, can you
• 33:22
  pull up the the crosses? Jesse Myers graphic that kind of
• 33:28
  breaks on everything because I want to I want to compare that
• 33:30
  with the with the bond market stuff.
• 33:32
  Anyways guys before we jump into today's show, I do want to give
• 33:35
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  today. All right everybody, we'll be
• 35:20
  right back. We're going to hit the numbers
• 35:22
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• 35:26
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• 37:25
  The Bitcoin price is 109,580 block height 900,811 sats per
• 37:32
  dollar 913 Market cap 2.18 trillion Bitcoin verse gold
• 37:37
  market cap 9.25% percentage issued 94.65% decline from all
• 37:44
  time high -2.1% and realized monetary inflation .85%.
• 37:51
  Before we check out the Kathy woods clip, I do want to give a
• 37:55
  shout out to all you guys in in just our channel and it's been a
• 38:01
  really big deal. 2 huge milestones and simply bitcoins
• 38:05
  history. First of all, we had 1000
• 38:08
  subscribers. I mean sorry, 90,000 subscribers
• 38:14
  on the channel, 10K away from 100,000 subscribers.
• 38:18
  This has been a dream of mine, you understand, for I've always
• 38:21
  wanted to be a you tuber. I cannot believe you know, we're
• 38:25
  on the verge of hitting 100,000 and also we got our first
• 38:29
  100,000 video recorded by of course, my little sister Megan
• 38:35
  and it and it's on the verge of hitting 100,000 views.
• 38:41
  This was beautifully recorded. Shout out to Zemo media and of
• 38:45
  course Megan. If you ever see Megan use that,
• 38:50
  don't say Megan say Megan. It will really annoy her and I
• 38:55
  just she's my little sister and you have to do it that way
• 38:58
  anyways. And we're going to be dropping
• 39:00
  the the the Doctor Jack Cruz episode, which was beautifully
• 39:04
  filmed as well. Really looking forward to it.
• 39:07
  Anyways, let's check out the Kathy Wood clip.
• 39:10
  Extremely bullish. And remember guys.
• 39:14
  The $100 billion that I mentioned, institutions have to
• 39:20
  either take up those newly minted Bitcoin and that's going
• 39:24
  to happen over years and years or they'll have to pay up to get
• 39:29
  holders to sell it. So again, scarcity value will
• 39:35
  drive or will increase because of the supply demand imbalance
• 39:40
  with institutional investors really having very little
• 39:45
  involvement yet. And so we think this is just the
• 39:49
  beginning. So absolutely, this is just the
• 39:54
  beginning. I completely agree.
• 39:56
  And I'm going to pass this question to Dave Bradley 1st.
• 39:59
  I'm going to. I'm going to start off with
• 40:00
  this. Dave, you're an OG, my friends.
• 40:03
  You've been here. I don't know what class, but I
• 40:06
  know it was before 2015, right? Could you ever have imagined
• 40:12
  Bitcoin getting to where it is today?
• 40:19
  Yeah, that's crazy. I was I was classed in 2010 and
• 40:23
  I was selling Bitcoin that I had mined in my basement to people
• 40:27
  on localbitcoins.com. And there was a point where the
• 40:32
  Bitcoin community in Calgary here was literally just me and I
• 40:36
  had AI had a pretty surreal moment walking into Bitcoin 2021
• 40:39
  in Miami there seeing like, you know, 10s of thousands of people
• 40:42
  in this giant Convention Center just being like, you know, the
• 40:48
  the contrast between one person sitting at Tim horton's and the
• 40:51
  the 10s of thousands of enthusiastic people in that room
• 40:55
  is is mind blowing. And yeah, no, like I, the
• 41:00
  numbers like that, you know, 100,000, a million, 100 million
• 41:03
  would have all seemed completely insane to me back then.
• 41:06
  And even even the numbers like, you know, I, I, I think to me
• 41:11
  that the, the time that we hit like 3000 was one of the most
• 41:14
  shocking areas for me for some reason.
• 41:16
  It's all, it's all relative, right?
• 41:18
  And it's like a, it's an emotional response when you
• 41:20
  haven't seen it a million times. And you know, it's, it's still
• 41:26
  crazy that we're getting to these numbers for sure.
• 41:29
  So no, back then, back then Bitcoin to me, like most people,
• 41:35
  was a way that I was looking at as a way to make more dollars.
• 41:39
  I wasn't looking at it as like this world changing asset.
• 41:42
  It's going to rework the structure of literally the
• 41:45
  entire world. I was like, I can buy these and
• 41:48
  sell them later for more dollars.
• 41:50
  And you know, I think that's a journey lots of us go, go down.
• 41:53
  Absolutely. 100% I mean, I think that's the crossover moment
• 41:57
  where you stop denominating your net worth in dollars and you
• 42:02
  start denominating your net worth in Bitcoin.
• 42:05
  Your life will fundamentally change on how you look at the
• 42:08
  world and you will question certain expenses, You will
• 42:12
  question the way that you see things because you really want
• 42:15
  to accumulate more Bitcoin. You don't want to accumulate
• 42:18
  more dollars, right? That's the game, right?
• 42:20
  And that's the, I would say one of the toughest minds shifts in
• 42:26
  people's minds, changing that as quickly as possible as a
• 42:30
  Bitcoiner is going to make your life a whole lot easier because
• 42:34
  in the back of your mind, with all the noise that's going on,
• 42:38
  the game is very simple. And I'm sure Dave agrees with
• 42:40
  me. Make sure that you have more
• 42:42
  Bitcoin than the day before and that's it.
• 42:45
  And you win, you're winning. That's really what it comes down
• 42:48
  to, right? So anyhow, I do want to continue
• 42:52
  this conversation, Dave, because this is fascinating. 2010 Holy
• 42:57
  cow, man. I mean guys, just to give you a
• 43:00
  perspective, you know, Neenopti 20/16/2017 It was the Wild West
• 43:07
  like forget about wallets, forget about good software like
• 43:11
  no, no, no, you understand like this thing's didn't exist like
• 43:15
  it was like the IT was like the first prototypes of these
• 43:18
  devices. You're 2010 you're talking about
• 43:21
  there is no hardware wallets. You're talking about paper
• 43:24
  wallets. You're talking about software.
• 43:26
  You are probably using the Bitcoin software itself to use
• 43:30
  ACPU to mine Bitcoin. Yeah, I I got into Bitcoin.
• 43:37
  I never CPU mined, but I got into Bitcoin just as GPU mining
• 43:42
  was becoming a thing. And yeah, back then there was no
• 43:44
  hardware wallets, there were no mobile wallets even.
• 43:46
  It was pretty much, you know, you're, you run Bitcoin Core.
• 43:50
  There was another, another piece of software you could run on top
• 43:53
  of that called Armory that a lot of us use.
• 43:56
  But that was like even before there were SPV wallets, right?
• 44:00
  So you're, you were pretty much using everything directly on
• 44:03
  chain with no deterministically generated wallets.
• 44:07
  You had everybody reusing their addresses.
• 44:10
  It was a very, very different time in terms of the text back
• 44:13
  for sure. I.
• 44:14
  Can imagine. And Dave, I, I want to ask you
• 44:18
  like, because we've all had these moments.
• 44:20
  I've had this moment, Opti's had this moment, right?
• 44:24
  What was your pizza story? Yeah, so I've spent an ungodly
• 44:34
  number of Bitcoin on things that I didn't, you know, I wish I
• 44:38
  didn't spend them on. I don't want to get too much
• 44:41
  into the specifics, but you know, I'd, I'd have, I'd have a
• 44:44
  lot more money right now for sure.
• 44:46
  I saw somebody be like, I wonder what floor Dave's on.
• 44:49
  And you know, I'd be on a much taller building on a much higher
• 44:53
  floor if I'd never spent any Bitcoin.
• 44:55
  But you know, the, the very rational decisions when you're
• 44:59
  when you're way up, we all take some profits.
• 45:02
  And I think that a lot of bitcoiners have those stories.
• 45:05
  And and like you said, it kind of affects you for the long
• 45:08
  term. It makes you start to question
• 45:09
  your spending, makes you start to think of everything in in
• 45:14
  opportunity cost measured versus Bitcoin, right.
• 45:16
  And so there's, there's a lot of people that assume that, you
• 45:19
  know, there's just an unlimited amount of money flowing around
• 45:23
  in Bitcoin. But the fact is that most of us
• 45:25
  Bitcoiners have been in it for a while are, are just absolutely
• 45:28
  cheap because we, we, we think, you know, do I really need to
• 45:32
  buy this? Because if I don't buy it now,
• 45:34
  it's going to be cheaper in a year.
• 45:36
  And, and that really changes a lot of the way that you look at
• 45:41
  the world, right? And I think in the long term,
• 45:43
  like you had mentioned before, somebody said that it's going to
• 45:45
  basically dry up all capital and nobody's going to invest in
• 45:48
  anything. I don't think that's true, but I
• 45:51
  think it's going to really shift the way that people make
• 45:53
  purchasing decisions and make investments.
• 45:55
  And I think in the long term, hopefully they'll be very broad,
• 45:58
  sweeping positive changes to society because of the fact that
• 46:02
  a lot more people are starting to take a long term view of the
• 46:04
  world and, and make choices that don't just follow this like
• 46:08
  really, really disposable consumerism path that the West
• 46:11
  has been in for quite some time now.
• 46:13
  And, and start to value, you know, if you're going to make a
• 46:15
  purchase, if you're going to part with your, your hard earned
• 46:18
  Bitcoin, which is a representation of your time, you
• 46:20
  better be buying a product that's worth it, that's going to
• 46:23
  last. And that, that that will perform
• 46:26
  as well as the Bitcoin in terms of the usefulness of that
• 46:28
  product, right. And so I think that's going to
• 46:31
  change pretty significantly. And then back to that Kathy Wood
• 46:34
  clip, the thing that I, I thought interest that's
• 46:36
  interesting from that, you know, these, these treasury companies
• 46:40
  are great. Essentially what you're gambling
• 46:43
  on though is, is how irrational is the market going to be in the
• 46:46
  future compared to now. And so they're, they're not
• 46:49
  really accomplishing anything novel, I don't think.
• 46:51
  But I think there is an area where Bitcoin is going to start
• 46:54
  accomplishing novel things in the traditional finance system
• 46:57
  or starting to see little bits of that because really Bitcoin
• 47:00
  is the best, the best form of capital that we've ever had,
• 47:03
  right? And so it makes it the best form
• 47:05
  of collateral that we've ever had.
• 47:06
  And instead of drying up capital markets, what I think we're
• 47:09
  going to start seeing, and we're, we're already starting to
• 47:11
  see a little bit of this now in the Bitcoin world, is that
• 47:14
  people will start securing things with Bitcoin.
• 47:17
  So as, as we look at the, at the bond market, for example, you
• 47:21
  know, bonds are, are secured by nothing.
• 47:23
  They're secured by the, the faith and confidence that you
• 47:25
  have and as you put it into a trusted country.
• 47:28
  And to me, the idea of a trusted government is absurd, right?
• 47:31
  That doesn't make any sense to me to trust these people to say,
• 47:34
  you know that as you put it, trust me, bro.
• 47:37
  And interesting example, I'm on the board of a company from from
• 47:42
  Kelowna, Canadian company that's doing Bitcoin for payroll and
• 47:45
  benefits called block Rewards. And they're about to do a
• 47:48
  private placement raising some capital and they're they're
• 47:52
  doing convertible debt like most startups do at that sort of
• 47:55
  stage. It's very common.
• 47:56
  It's not dissimilar to a bond, except that it can be converted
• 47:59
  into shares of the company at the at the, the option of the
• 48:04
  the lender. But in this case, they're
• 48:05
  actually securing part of this convertible debt with Bitcoin.
• 48:09
  And so that I think is where we're going to start seeing
• 48:11
  these things move is like Bitcoin creeping into the
• 48:15
  capital markets and becoming used as a reserve asset as as
• 48:18
  collateral and and really that's where it should be at this.
• 48:21
  Point, yeah. And, and I completely agree, by
• 48:23
  the way, It's, it's, it's the best collateral the world has
• 48:26
  ever seen. It's pristine collateral.
• 48:30
  And you said something really interesting, which is, again,
• 48:34
  people underestimate how much broken money has affected
• 48:39
  society as a whole. And I'm talking about the
• 48:42
  quality of products. I'm talking about health,
• 48:46
  anything, right, because it, it incentivizes this kind of short
• 48:50
  term behavior. You, you can I, I, I, I, I
• 48:53
  ChatGPT this the other day, right?
• 48:55
  Because I've just seen commercial airline travel right
• 49:00
  over the last 1020 years degrade to the point where it's
• 49:04
  unbearable at this point, right? It wasn't like that 20 years
• 49:08
  ago, right? But again, it's Fiat incentives.
• 49:12
  Fiat breaks governments. Fiat makes products cheaper and
• 49:16
  makes short term thinking, you know a thing.
• 49:19
  So I think Bitcoin, you know that phrase fix the money, fix
• 49:23
  the world is 100% true, right? Anyways, before we move on to
• 49:28
  the next segment, I do see I've seen three comments saying Megan
• 49:34
  and on Rumble about one or two. So if you guys are enjoying
• 49:38
  today's show in the chat, drop Megan.
• 49:42
  And if you ever see Megan at a Bitcoin conference, remember her
• 49:45
  name isn't Megan. Her name is Megan.
• 49:49
  Anyways, guys, if you guys are enjoying the show, smash that
• 49:51
  like button 2500 of you guys is watching live and on Rumble of
• 49:56
  course 140 smash a like button. If you guys are enjoying the
• 50:00
  content, we're going to talk about the Bitcoin bonds, that
• 50:04
  massive opportunity, how Bitcoin is going to, you know, just go
• 50:09
  into the bond market, take a lot of that share away because
• 50:13
  Bitcoin is just better. And of course, during the
• 50:15
  culture segment, we're going to talk to Dave Bradley, Bitcoin OG
• 50:20
  from 2010. We're going to talk to him about
• 50:24
  the Bitcoin Rodeo Rodeo. We're going to talk to him about
• 50:26
  Alberta. Guys, stay tuned.
• 50:28
  It's going to be a hell of a show.
• 50:29
  Smash the like button and we'll be right back in just a second.
• 50:33
  I want to give a shout out to our sponsor Casa.
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• 52:42
  All right, everybody, before we jump into the new segment for
• 52:45
  today, I do, guys, you have to imagine that your Bitcoin is
• 52:49
  worth 10 times more than it is today, right?
• 52:53
  And when you start thinking that way from a defensive kind of
• 52:58
  adversarial kind of game theory perspective, you start thinking
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• 53:44
  All right, everybody, let's go down the bond rabbit hole story.
• 53:50
  And we got a comment with Megan in the chat and a goat and it's
• 53:57
  absolutely hilarious. My sister just said, did you
• 54:01
  memify me? And I just said yes, absolutely.
• 54:04
  So it's incredibly important guys, if you see Megan in
• 54:07
  person, you say Megan. OK, Anyways, let's get to.
• 54:11
  Today's the Big Brother. Dad jokes are not good.
• 54:15
  Bro everyone's loving into the chat.
• 54:16
  I don't know what you're talking about.
• 54:18
  Smash the like button too. How many likes are we at?
• 54:20
  We're at 188 likes. Help us break 250 likes by the
• 54:25
  time the show wraps up. Smash that like button 5 / 500
• 54:30
  live viewers on YouTube. 135 live viewers on Rumble and on X
• 54:36
  almost 2000 people watching live Smash that like button.
• 54:42
  Anyways I do want to jump into this.
• 54:45
  I love this. I saw this Reddit post and I
• 54:47
  thought it was absolutely hilarious.
• 54:50
  Sailors convertible bond strategy explained to the
• 54:54
  finance news in the simplest possible terms.
• 54:57
  Absolutely love it Very fitting. Before we start talking about
• 55:01
  bonds, can you send me that chart?
• 55:04
  Can you put it in the in the chat and I'll pull it up on my
• 55:06
  side? But yes, so let's let's read
• 55:10
  this Sailor. Hey, lend me $100 lender, OK?
• 55:14
  What's my interest rate, Sailor? I won't be paying you any
• 55:16
  interest, lender. Then why should I lend you
• 55:19
  money, Sailor? Because I'll pay you back even
• 55:21
  more than you earned with market interest rates.
• 55:24
  I'll pay you back in MSTR shares once they clear the strike price
• 55:27
  set in the convertible note. The shares are very likely to be
• 55:31
  worth much more than $100 in a few years.
• 55:33
  There are no guarantees, but odds are you'll make 200
• 55:37
  dollars, 500, or even 1000 on the original $100 loan.
• 55:41
  Where else can you get returns like that from bonds lender?
• 55:45
  Nowhere. Have you done this before?
• 55:47
  How has it worked? Yes, my converts have crushed
• 55:51
  all other bonds, stocks and Bitcoin itself over the last
• 55:55
  four years. Lender.
• 55:56
  Sign me up. So the TLDR is pretty
• 56:00
  straightforward. It's pretty simple, right?
• 56:04
  And what'd you say? OK, so, and now I'm going to
• 56:09
  pull this up. Very great kind of infographic
• 56:13
  created by Jesse Myers. He he went by the name of crisis
• 56:18
  before crisis. I don't know how to say it, but
• 56:21
  anyways, to set the stage, there are 1000 trillion of assets
• 56:27
  value in the world. 1000 trillion is like.
• 56:30
  One quadrillion, Quadrillion, quadrillion.
• 56:34
  That's the one quadrillion. Right.
• 56:36
  What the F is going on? Right.
• 56:37
  Big numbers. Hard.
• 56:38
  Big numbers, hard. One quadrillion sounds weird,
• 56:41
  man. Do you think we'll see like a a
• 56:43
  quadrillionaire? That'd be crazy.
• 56:45
  Anyways, I know we're definitely going to see a trillionaire
• 56:48
  soon, so I do want to address this.
• 56:51
  I do want to cover it. So we got Jesse Myers and this
• 56:55
  is again, Bitcoin is only .2% of the of the global wealth.
• 57:02
  It is a superior asset to gold. That's undebatable, right?
• 57:08
  It's just it has better physical characteristics.
• 57:11
  You can send it anywhere around the world, and it's easier to
• 57:17
  custody. It's easier to send.
• 57:19
  There's absolute scarcity. Gold doesn't have absolute
• 57:24
  scarcity. OK.
• 57:25
  Gold's inflation rate is roughly 2%, and it remains steady
• 57:29
  because if the price of gold goes higher, the production or
• 57:33
  the mining of gold goes higher with it, right?
• 57:36
  So that inflation rate of gold is pretty steady at 2% and it's
• 57:40
  been like that for forever. So if you had a bar of gold, it
• 57:43
  would buy you the exact same amount of goods than it did 100
• 57:47
  years ago, right? So it's scarce, but it's not
• 57:51
  absolutely scarce. A big difference, but I mean by
• 57:54
  that. So if the price of Bitcoin goes
• 57:57
  up, unlike gold, the production of Bitcoin can't go up with it.
• 58:03
  In fact, it gets cut in half every four years just out of
• 58:07
  having I think it was last year, right, Opti?
• 58:10
  So anyways, back to this. So we're going to talk about
• 58:13
  bonds kind of opportunity there and we're talking about gold.
• 58:18
  So just if Bitcoin reaches the price of gold, that's a 10X from
• 58:22
  here. The current market cap of gold
• 58:24
  is 22 trillion, so 10 XA 109,000.
• 58:30
  What is that like one point zero, $1.09 million right now?
• 58:38
  Take a look at the bond market. It makes the gold market look
• 58:44
  tiny. Puny, right?
• 58:46
  The bond market is 318 trillion and as this Reddit post
• 58:53
  explained right here we go here sailors reasoning right?
• 59:02
  There are no guarantees, but odds are you'll make 205 hundred
• 59:05
  or even $1000 on the original $100 loan.
• 59:09
  The lenders like where do you get this information from?
• 59:12
  And Saylor is, yes, my converts have crushed all other bond
• 59:15
  stocks and Bitcoin itself over the last four years.
• 59:18
  Now from a Bitcoin perspective, because fundamentally I'm a
• 59:23
  Bitcoiner at heart, is this going to move our cause forward?
• 59:29
  What is our cause? What's the cause?
• 59:31
  The cause is sovereignty of people, right?
• 59:34
  People reclaiming back their financial sovereignty by buying
• 59:37
  Bitcoin, earning Bitcoin, mining Bitcoin, and putting that
• 59:39
  Bitcoin into self custody. That's how things actually
• 59:43
  change. Is this going to actually do
• 59:45
  that? No, but it is going to move the
• 59:47
  Overton window. It is going to raise awareness.
• 59:50
  It is going to raise the consciousness of people to the
• 59:54
  reality that hey, wait a second, you know, these bonds are like
• 1:00:01
  what David so wisely put, which is why he's the most intelligent
• 1:00:05
  Bitcoin entrepreneur in Canada. What are they backed by, right?
• 1:00:11
  The full faith and credit. That's a trust me, bro.
• 1:00:15
  That's that's a government saying trust me, bro.
• 1:00:18
  All Bitcoiners are saying, dude, don't trust me.
• 1:00:20
  There's 21 million. Anyone could audit this, you
• 1:00:24
  know, in the comfort of their own home if they're running a
• 1:00:26
  node, right, Bada Bing, bada boom.
• 1:00:28
  So. Saylor just announced strategy
• 1:00:32
  to raise nearly $1 billion with STRD preferred stock offering to
• 1:00:39
  accumulate BTC. And this is specifically for the
• 1:00:44
  bond market. This just went public today.
• 1:00:47
  Here is Max Keiser, another Bitcoin OG, the global mark.
• 1:00:52
  The global bond market won't survive MSTR.
• 1:00:56
  Mike's about to become the Iron Bank of the new Game of Thrones
• 1:01:00
  the world finds itself in. Call him Iron Iron Mike, it goes
• 1:01:07
  on to say. And if you guys don't understand
• 1:01:09
  Game of Thrones, if you haven't seen it, what is the What is the
• 1:01:12
  Iron Bank? The Iron Bank of Braavos is a
• 1:01:15
  powerful financial institution in Game of Thrones.
• 1:01:18
  It's the most predominant bank in the known world, known for
• 1:01:22
  its vast wealth, influence and ruthless efficiency.
• 1:01:26
  The bank funds rulers, governments and merchants across
• 1:01:29
  Westeros SOS and offering loans with strict repayment terms.
• 1:01:35
  So just to kind of set the team set, set the tone here, right,
• 1:01:39
  And I'm going to leave this up, you know, one last time.
• 1:01:43
  The gold addressable kind of market is 22 trillion.
• 1:01:47
  We know Bitcoin superior to gold, but look at the bonds.
• 1:01:51
  Think we're going a lot more than 10X, baby.
• 1:01:54
  That's what I think. That's my personal opinion.
• 1:01:56
  And one last time guys, if you guys are enjoying the show, drop
• 1:02:00
  in the comments. Anyways, I'm going to pass it on
• 1:02:05
  to Dave. Dave, what are your thoughts,
• 1:02:07
  man? Huge.
• 1:02:09
  I also apologize, Dave, to my bad, bad jokes and my little
• 1:02:13
  sisters. I'm trying to get in her head
• 1:02:15
  and it's working because I can see she's frustrated and it's
• 1:02:17
  hilarious. But Dave, what are your thoughts
• 1:02:21
  here, man? Bond market Bitcoin.
• 1:02:27
  Yeah, I have to say I have a little sister, so I identify
• 1:02:31
  with this. I would have gone with that up
• 1:02:33
  Meg from. Megan, you know what Dave said?
• 1:02:39
  The most intelligent, strongest Bitcoin entrepreneur in in
• 1:02:42
  Canada. Instead of saying Megan, he said
• 1:02:46
  shut up Meg, which is hilarious. Megan is nodding her head in
• 1:02:50
  frustration. Smash the like button.
• 1:02:52
  If you guys are enjoying today's show, we're on the verge of
• 1:02:54
  breaking 3000 live viewers, 612 live viewers on YouTube alone.
• 1:02:59
  Anyways, Dave, sorry to interrupt you.
• 1:03:03
  You know what I mean. You know what I mean.
• 1:03:04
  You got you got a little sister, so you know exactly what I mean.
• 1:03:09
  Yeah, exactly. It's, it's, it's the duty of a
• 1:03:11
  Big Brother to, to do this kind of thing.
• 1:03:13
  So. But yeah, I think ultimately,
• 1:03:17
  like you can look at the bond market as as the addressable
• 1:03:19
  market for Bitcoin, but I think ultimately the the size and
• 1:03:23
  scope of the bond market is something that's going to change
• 1:03:26
  and we're in the process of that changing, right?
• 1:03:28
  And so a lot of, a lot of traditional financial people
• 1:03:31
  have always looked at like U.S. Treasury bills as this sort of
• 1:03:34
  like 0 risk investment, right? And so you've got this concept
• 1:03:40
  of like the risk adjusted return where people judge their returns
• 1:03:44
  as a comparison to the US Treasury bills and that
• 1:03:47
  assumption that they are a zero risk investment.
• 1:03:50
  I think it's just, it's proving not to be true, right?
• 1:03:52
  We're seeing a lot of, a lot of turmoil in the, in the global
• 1:03:56
  financial system. We've, we've heard talk of the
• 1:03:58
  United States not honouring certain bonds to certain
• 1:04:02
  holders, for example, or not fully honouring them.
• 1:04:06
  So that the fact is that you, you can't really view sovereign
• 1:04:08
  debt as a zero risk investment. And I think what we're, what
• 1:04:13
  we're seeing is this switch where the market is realizing
• 1:04:16
  that dollars are free for the, the system to create.
• 1:04:20
  And that's this, this whole thing is just part of pricing
• 1:04:23
  that in versus Bitcoin. And you know, Bitcoin will
• 1:04:26
  always be a zero risk investment if measured in Bitcoin, right?
• 1:04:30
  And we're we're seeing the switch of the denominator for
• 1:04:33
  the global financial system moving from dollars to Bitcoin.
• 1:04:37
  And ultimately, I think like I said before, what we're going to
• 1:04:39
  end up seeing is that a lot of debt in the world, whether it's
• 1:04:42
  corporate debt or sovereign debt, is going to end up back at
• 1:04:44
  least in some portion by Bitcoin because it's just going to be
• 1:04:47
  more competitive in the global market right now if it's backed
• 1:04:51
  by the best asset in the world. Beautifully, beautifully put,
• 1:04:54
  man. And I, I love the way that you
• 1:04:56
  sit that the way that you phrase that.
• 1:04:57
  And I think that's some words of wisdom by a Bitcoin OG, right?
• 1:05:01
  Which is you got, you got to price it in Bitcoin.
• 1:05:04
  That, that that's the truth. That's the truth.
• 1:05:06
  That's the only thing they cannot manipulate.
• 1:05:09
  They cannot change. They cannot move the goal posts.
• 1:05:12
  So when you price something in Bitcoin, it actually shows the
• 1:05:16
  truth, right? And yeah, man, it's such a
• 1:05:20
  rabbit hole. Anyways, Opti quick take before
• 1:05:22
  we move on to the culture segment.
• 1:05:24
  Yeah, Well, I think what Dave said is the real signal right
• 1:05:27
  here, and I think this is what we're all kind of watching in
• 1:05:30
  real time, is that people do not want governed debt or government
• 1:05:33
  debt. As Dave said, you know,
• 1:05:35
  sovereign debt is no longer being viewed, at least obviously
• 1:05:39
  from us Bitcoiners at first, as the risk of the least risky
• 1:05:43
  thing to be holding. From our perspective, it's
• 1:05:45
  probably the most risky thing to be holding, hence why we are all
• 1:05:48
  all in on Bitcoin. But that signal is starting to
• 1:05:51
  spread around and you're starting to see not only just
• 1:05:54
  the the interest in Michael Saylor's different preferred
• 1:05:57
  stock offerings that this is catching on, whether that's the
• 1:06:00
  Bitcoin treasury strategy or people dropping treasuries.
• 1:06:04
  We're seeing central banks essentially, you know, stock up
• 1:06:07
  on gold. We're seeing talks around the
• 1:06:09
  world about central banks, you know, acquiring Bitcoin as well.
• 1:06:12
  They're trying to loosen these regulations and essentially be
• 1:06:15
  allowed to, to start to partake in Bitcoin.
• 1:06:18
  So it is becoming very clear, at least from our perspective and
• 1:06:22
  our vantage point, that people do not want want sovereign debt.
• 1:06:25
  They don't want government debt. It's becoming a risky thing.
• 1:06:28
  I think sailors even said in the impasse, or maybe it was just
• 1:06:30
  Booth, I, I forget who said it, but these are basically toxic
• 1:06:35
  assets that no one really wants to hold.
• 1:06:37
  Now they're being forced to hold it.
• 1:06:38
  And now there's a new game being played.
• 1:06:40
  And of course, that is acquiring Bitcoin.
• 1:06:42
  So things are changing in real time.
• 1:06:44
  We've been covering this. We even had, you know, Jay
• 1:06:46
  Powell this what last week say ever since the end of the
• 1:06:50
  Bretton Woods, we had to adjust to this new monetary regime.
• 1:06:53
  We're seeing that play on real time.
• 1:06:55
  It's not going to happen overnight.
• 1:06:56
  Obviously these big institutions move slow like the Titanic, but
• 1:07:00
  it is happening and we are seeing more signal of this
• 1:07:03
  happening. So is it going to be 1 big
• 1:07:06
  catastrophic moment? I don't think so.
• 1:07:08
  But I think slowly but surely we're going to see people move
• 1:07:11
  away from government debt and start to stack Bitcoin.
• 1:07:14
  And once those really big institutions like the creases
• 1:07:17
  chart you were showing fully dive in.
• 1:07:20
  Super cycle confirmed. Absolutely, 100%, guys.
• 1:07:25
  We're going to talk to Dave Bradley, Bitcoin OG, an amazing
• 1:07:31
  entrepreneur, the best entrepreneur in Canada, Bitcoin
• 1:07:34
  entrepreneur. We're going to be talking about.
• 1:07:36
  We're going to talk to him during the culture segment
• 1:07:40
  exclusively. We're going to give him the
• 1:07:43
  podium and stay tuned because he's going to drop some wisdom
• 1:07:48
  anyways, we're going to hit the culture segment.
• 1:07:50
  We'll be right back in just a second.
• 1:07:53
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  All right, everybody, we got the myth, the man, the legend
• 1:09:58
  himself, Dave Bradley with the hoagie, the strongest, best
• 1:10:03
  looking, most intelligent Bitcoin entrepreneur in Canada,
• 1:10:07
  Bitcoin OG. This man was mining Bitcoin with
• 1:10:11
  the GPU back in 2010. All right, he's a legend.
• 1:10:16
  Anyways, David, welcome to the show, man.
• 1:10:19
  You have an amazing conference coming up in Calgary called the
• 1:10:23
  Bitcoin Rodeo. You talk a little bit about that
• 1:10:26
  and then we'll explore further subjects.
• 1:10:32
  Yeah, I have to, I have to thank you.
• 1:10:34
  First of all, my official title is actually the strongest and
• 1:10:37
  best looking Bitcoin entrepreneur in Canada.
• 1:10:39
  And so you, you threw in most intelligence.
• 1:10:43
  So I, I've never made that claim, but you know, I, I
• 1:10:46
  welcome, I welcome the input. So yeah, like you mentioned,
• 1:10:50
  we've got the Bitcoin Rodeo coming up in a couple weeks
• 1:10:52
  here, June 28th and 29th here in Calgary, AB.
• 1:10:56
  We've got a, an amazing conference, amazing speaker list
• 1:11:00
  that we, we've got on the website there.
• 1:11:01
  And it's a it's a very non-technical conference.
• 1:11:04
  We don't really, we're not going to be debating the, the merits
• 1:11:07
  of upper turn or, or whatever else.
• 1:11:10
  We're we're going to be talking about how Bitcoin fits into the
• 1:11:12
  real world. And we've got a strong focus on
• 1:11:15
  topics that, that, that lean towards personal sovereignty and
• 1:11:20
  and also Alberta sovereignty. So I'm, I'm here in Alberta,
• 1:11:23
  the, the under represented province of, of Canada, where
• 1:11:27
  we're largely taken advantage of by the rest of the country.
• 1:11:30
  And we've got since our most recent election, a pretty strong
• 1:11:35
  push for independence. And we, we have a path to that.
• 1:11:38
  You know, we've got laws on the books that allow us now to, to
• 1:11:41
  force a vote on sovereignty. And I think the, the, the
• 1:11:47
  sovereignty movement is one that really mirrors the goals of
• 1:11:52
  Bitcoin, right? It's just about people wanting
• 1:11:54
  to become more free than they are today.
• 1:11:56
  And so I think that the, the sovereignty movement and the
• 1:11:59
  people behind that really align pretty directly with Bitcoin.
• 1:12:03
  And that's something we've been going after for a while, really
• 1:12:06
  since COVID, basically we, we saw, you know, the silver lining
• 1:12:10
  to COVID was that it woke a lot of people up and it woke a lot
• 1:12:13
  of people up to the problem that Bitcoin solves really, which is
• 1:12:16
  the this ever expanding parasitic overreach of the
• 1:12:20
  government. And they're, they're, they're
• 1:12:22
  printing and spending. And, you know, I think a lot of
• 1:12:25
  people have had enough of that. And, and we want to share with
• 1:12:28
  them the fact that we believe Bitcoin is the solution to this.
• 1:12:31
  And so like I say, we're going to be talking a lot about how
• 1:12:34
  Bitcoin might fit into a sovereign Alberta.
• 1:12:37
  And yeah, you see this the speaker list on there.
• 1:12:40
  There's some stuff I'm I'm really excited about.
• 1:12:43
  So we're hoping to see a lot of you guys out there.
• 1:12:45
  I see somebody in the chat saying they're from Calgary.
• 1:12:47
  So yeah, come on out to the Bitcoin Rodeo.
• 1:12:49
  You can get the tickets at bitcoinrodeo.com.
• 1:12:53
  And we've got some other events happening around the rodeo that
• 1:12:56
  are are pretty awesome as well. So we've got the night before
• 1:13:00
  the, the conference itself. We've got the SAT market that
• 1:13:03
  our, our, our good friend Ben BCC sessions puts on.
• 1:13:07
  We've got, I think there's probably like 40 or 50 vendors
• 1:13:10
  coming out that sell everything from beef to, you know, tarot
• 1:13:14
  cards. There's it's, it's basically
• 1:13:16
  like a big farmers market, flea market where everyone takes
• 1:13:19
  Bitcoin and there's a really cool community forming around
• 1:13:22
  that. And so we've got a way that we
• 1:13:25
  can basically buy all those things now without the
• 1:13:27
  government's help and permission.
• 1:13:28
  And so that, that I think is really important.
• 1:13:31
  We also have something we're going to be posting in the next
• 1:13:34
  day or so. We've got a, an Alberta
• 1:13:36
  Independence cocktail hour hosted by Bull Bitcoin.
• 1:13:40
  And so that should be a good one.
• 1:13:41
  That's going to be on the 26th. And then the last one that I
• 1:13:45
  have to plug is the 30th of June, the day after the
• 1:13:49
  conference. The guys at Bitcoin Mentor, also
• 1:13:52
  headed by BTC Sessions, are putting on a little seminar,
• 1:13:57
  Bitcoin Boot Camp, where you can learn really all the technicals.
• 1:14:00
  It's a full day course. I believe that, you know, you
• 1:14:03
  can, you can hang out and Banff at an amazing hotel owned by a
• 1:14:08
  Bit Corner, and they'll teach you all you need to know about
• 1:14:11
  physically setting up all of all of the tech that you need to be
• 1:14:14
  sovereign, essentially. So yeah, we got a whole week of
• 1:14:16
  awesome stuff going on, and that's awesome, man.
• 1:14:19
  Gonna be exciting. As you said, amazing speaker
• 1:14:21
  list. I just wanna read it for the
• 1:14:23
  audio. Audio listeners.
• 1:14:26
  Of course we got Francis Puglio. I will be there.
• 1:14:29
  Eric Kaison's going to be there. Sean Newman.
• 1:14:32
  Of course. BTC Sessions, AKA Ben Perrin.
• 1:14:35
  Dave Bradley, Maedex Nolan. Adam O'Brien.
• 1:14:39
  Steve Barber, Ben Harper. Dude, I can't pronounce that
• 1:14:43
  last name. Derek Hildebrandt.
• 1:14:48
  There we go. Julian Figueroa.
• 1:14:51
  From Get Based. We got Seb Bunny.
• 1:14:53
  John Telus, we got Brett Oland, we got Luke the Wolf, we got
• 1:14:58
  Canute Svenholm, Heather Keyes, Justin Dory.
• 1:15:03
  We got Katie Awesome from Plan B.
• 1:15:06
  Passport got acquired by Citizen X, She she's going to be making
• 1:15:09
  an appearance. We got Mike Cook, I think Ben's
• 1:15:12
  business partner on Bitcoin, mentor Reverend Hoddle, Rodger
• 1:15:17
  Huang and Tim Moon. Guys, this is going to be
• 1:15:20
  amazing. You definitely don't want to
• 1:15:21
  miss it. Get your tickets today to the
• 1:15:24
  Bitcoin Rodeo in Calgary. It's going to be awesome.
• 1:15:28
  I'll be there this year. It's going to be a a Bitcoin
• 1:15:30
  celebration like no other. Get your ticket today,
• 1:15:34
  bitcoinrodeo.com. Anyways, I do want to pivot the
• 1:15:37
  conversation. We got Dave Bradley in the house
• 1:15:41
  and Dave recent election in Canada, right?
• 1:15:46
  You know, the there's two parties in Canada very similar
• 1:15:49
  to the United States, two mainstream parties, right?
• 1:15:52
  The Conservative Party, the Liberal Party and other
• 1:15:55
  politics. This is YouTube.
• 1:15:58
  We're a family friendly show. We're inclusive in our
• 1:16:00
  messaging. You know, the Liberal Party
• 1:16:04
  that's been in power essentially was in power for like I think 11
• 1:16:07
  years and it was it looked like they were going to lose the
• 1:16:12
  election I think until Trump kind of said some things.
• 1:16:17
  It's they won re election. And I believe the the current
• 1:16:20
  Prime Minister is an ex central banker.
• 1:16:23
  And the reason that we're bringing this up is not because
• 1:16:25
  of Fiat politics or ideologies, but because the conservative
• 1:16:30
  party was more pro Bitcoin. So that leads me to the I know
• 1:16:35
  in Alberta, you guys are pro Bitcoin, you guys are you know
• 1:16:40
  all about that movement and there you guys, I know that
• 1:16:43
  you've been working on it. I know Adam's been talking about
• 1:16:45
  this, I know Ben's been talking about this, that there is this
• 1:16:49
  movement, a legal movement, a democratic movement in Alberta
• 1:16:53
  that's happening for Alberta to essentially become a sovereign
• 1:16:58
  province, right. So Dave, with the knowledge of
• 1:17:04
  us being on YouTube, could you talk a little bit about all
• 1:17:07
  that? Yeah.
• 1:17:10
  So here in Alberta, we've got, we're, we're generally known as
• 1:17:15
  sort of like the Texas of Canada.
• 1:17:16
  You know, we've got all the oil wealth, we've got a lot of rural
• 1:17:19
  population ranchers. We we have a, a western
• 1:17:22
  mentality here. And we're, we're very culturally
• 1:17:25
  different than the east of, of Canada, where a lot of the power
• 1:17:28
  base sits. And we, we have this structure
• 1:17:32
  called transfer payments in Canada, where essentially the
• 1:17:35
  federal government collects all the taxes, all the income taxes
• 1:17:37
  from everyone and then redistributes some of that money
• 1:17:41
  to the provinces. And it doesn't go back
• 1:17:42
  proportionally based on where those taxes were paid.
• 1:17:46
  And so the end result is that a huge amount of wealth that's
• 1:17:49
  generated in Alberta gets redistributed by the central
• 1:17:52
  government, which I believe does not represent us in Ottawa.
• 1:17:56
  We actually in the last two elections, the election was over
• 1:17:59
  before our polls had even closed here in Western Canada because
• 1:18:03
  most of the votes are out there in in the east.
• 1:18:06
  And unsurprisingly, the east votes for a party that will
• 1:18:11
  continue to redistribute the wealth from the West, where we
• 1:18:13
  have the oil wealth to the east. And meanwhile, at the same time,
• 1:18:17
  this sort of climate insane group of central bankers like
• 1:18:23
  you mentioned has been really stifling our oil industry with
• 1:18:27
  insane environmental regulations and basically blocking our
• 1:18:30
  ability to get our oil to market because we can't build pipelines
• 1:18:34
  in either direction really. And so we're in a situation that
• 1:18:39
  is really accurately described as taxation without
• 1:18:42
  representation, right? And the the American Revolution
• 1:18:45
  was was started based on a 3% tax on T and we are being looted
• 1:18:49
  to a much greater extent than 3% at this point.
• 1:18:52
  And so understandably, Albertans have had enough of this.
• 1:18:55
  We're basically just getting a very bad deal.
• 1:18:58
  And you know, the the long term solution is, is Bitcoin.
• 1:19:02
  We just need to wait until Bitcoin permanently removes the
• 1:19:05
  government's ability to essentially tax us by the
• 1:19:09
  printing more money and, and diluting our money supply.
• 1:19:12
  But in, you know, in the short term, we have this this, this
• 1:19:16
  path where we can essentially remove one of our many levels of
• 1:19:19
  government. We're probably, depending on how
• 1:19:21
  you look at it, we're under four or five levels of government at
• 1:19:24
  this point and we have an opportunity to potentially go
• 1:19:27
  down to two, which would leave us, I believe, in a much freer
• 1:19:30
  place to live. And so some of the interesting
• 1:19:33
  stuff that we're seeing around that right after the election, I
• 1:19:37
  started getting, getting calls. You know, I've been talking
• 1:19:40
  about this independence angle for quite some time, since I've
• 1:19:43
  been talking pretty seriously about it since the 2019 election
• 1:19:46
  where the Liberals were re elected.
• 1:19:47
  And the the answer that I used to get from, you know, old
• 1:19:52
  established people especially who have a lot of skin in the
• 1:19:55
  game, in the current Fiat system, in the current federal
• 1:19:57
  system with with Canada. They used to give me the answer
• 1:20:02
  that, you know, Alberta independence.
• 1:20:04
  Yeah, that'd be nice, but it'll never happen.
• 1:20:06
  And that Overton window has shifted so drastically that the
• 1:20:10
  normies have had enough at this point.
• 1:20:12
  The people who have vested skin in the game.
• 1:20:16
  Have gotten to the point where they feel like the looting is
• 1:20:18
  too great and the deal is is not good enough.
• 1:20:22
  And, and certainly if if Alberta were not already a part of
• 1:20:25
  Canada and we were presented with the deal that we currently
• 1:20:28
  have it. Wouldn't you like to to send a
• 1:20:30
  significant portion of all the wealth created in your province
• 1:20:34
  to these other provinces who produce less wealth then you
• 1:20:38
  know, we would never go for that deal.
• 1:20:39
  And so I, I think we're getting to a point where it is, it is a
• 1:20:44
  bit of, it is enough of like a, like a normie idea.
• 1:20:48
  And it is something that I think is, is growing really rapidly.
• 1:20:52
  And the, the end result is not just going to be independence
• 1:20:54
  because I think we're, we're very likely to achieve that.
• 1:20:56
  My prediction would be that Alberta will be an independent
• 1:20:59
  nation by the end of 2026. But the end of the, the result
• 1:21:03
  of that is that we're going to see a reverse brain drain.
• 1:21:08
  I'm already seeing once I started tweeting about it right
• 1:21:11
  after the election. I'm just.
• 1:21:12
  Leaving out a ton of bit quarters, right, in a legal
• 1:21:14
  democratic fashion, right, This will be achieved through the
• 1:21:19
  legal means and etcetera, etcetera.
• 1:21:24
  Yeah, we're, we're not talking about overthrowing the state
• 1:21:27
  here. We're talking about a, a vote
• 1:21:29
  that, you know, we have a law on the books and Alberta here now,
• 1:21:33
  our premier, Danielle Smith put on the books a couple days after
• 1:21:36
  the election. And the result is that we now
• 1:21:39
  need only 177,000 signatures to force a vote.
• 1:21:44
  And that vote will accurately, you know, it'll, it'll show the
• 1:21:48
  will of the people of Alberta and give a mandate to the
• 1:21:50
  provincial government to negotiate us out of the country.
• 1:21:53
  And I think that's the path that we're, that we're on.
• 1:21:55
  And, and like I was saying, that reverse brain drain is very
• 1:21:58
  real. We've got some of the most
• 1:22:00
  impactful and useful Bitcoin companies in Canada that are
• 1:22:05
  already starting to move their corporate offices to Alberta,
• 1:22:08
  partly because our taxes are lower here, but also because
• 1:22:10
  they see that this is a this is a real possibility now, this is
• 1:22:14
  a real path. And I think we have the ability
• 1:22:17
  to potentially create one of the freest jurisdictions in the
• 1:22:20
  Western world, You know, the fewest levels of government, the
• 1:22:23
  least amount of wealth distribution and the least
• 1:22:25
  amount of meddling in our lives from the government, which I
• 1:22:28
  think it's something that, you know, most bitcoiners can get
• 1:22:31
  behind, right? We, we value personal freedoms,
• 1:22:33
  we value personal integrity and personal choice.
• 1:22:36
  And we, I hope, are really well positioned to create a nation
• 1:22:42
  that aligns with all of those things.
• 1:22:44
  And so I, my hope would be that, you know, 2-3, four years from
• 1:22:48
  now, the world sees Alberta as a haven for bit corners, as a
• 1:22:52
  place where if you are a high value person who can essentially
• 1:22:55
  live anywhere, but, you know, you want to live in a, in a
• 1:22:59
  jurisdiction that aligns with your values.
• 1:23:01
  I think this is the place that, that makes sense for a lot of
• 1:23:04
  people. You know, a lot of my friends,
• 1:23:06
  like I have friends that have moved to Costa Rica, El
• 1:23:08
  Salvador, Panama, etcetera. And you know, they're, they're
• 1:23:11
  enjoying the fact that the government intervenes in their
• 1:23:14
  lives a lot less in those places.
• 1:23:17
  And I think we can get to that point.
• 1:23:18
  And you know, for me, I've, I've avoided moving to those places
• 1:23:21
  because partly because I love the comforts of, of, of Western
• 1:23:25
  society. You know, I like living in a
• 1:23:26
  city. I like having great restaurants
• 1:23:29
  and, and great culture around me and things that I can do.
• 1:23:32
  And I think it's possible to have both of those things.
• 1:23:35
  And I think we could be one of the very first jurisdictions in
• 1:23:38
  the Western developed world to get to that.
• 1:23:40
  Point and I'm bullish that you guys are there, there's a
• 1:23:43
  there's a legal Ave. for you guys to do that and the
• 1:23:48
  governor's on board. People are on board and you
• 1:23:51
  know, you, you see kind of these, these, these types of
• 1:23:55
  movements worldwide, like for example, in Spain, Catalonia,
• 1:24:01
  for example, has been wanting to have independence, you know,
• 1:24:05
  from the rest of Spain because there's a difference in culture
• 1:24:08
  and they feel kind of very similar.
• 1:24:11
  They, they make that economic argument as well.
• 1:24:14
  So this isn't something that's unique to Alberta.
• 1:24:16
  This is something that happens worldwide.
• 1:24:18
  And what I will, what I'm going to put a prediction in here,
• 1:24:22
  what I think connects a lot of countries together is, is Fiat,
• 1:24:28
  right? I think that the, the less Fiat
• 1:24:32
  becomes, the, the less powerful Fiat becomes.
• 1:24:36
  I think the, I think you'll start to see more and more calls
• 1:24:43
  for local government independence.
• 1:24:47
  That's my prediction. Tone Vase has been making this
• 1:24:51
  prediction for a while. He's called it the Balkanization
• 1:24:55
  of the United States. Now I know the United States is
• 1:24:57
  a little bit different than a lot of these, a lot of different
• 1:25:01
  countries because the sovereignty of the states, it is
• 1:25:05
  still somewhat intact, even though it keeps getting chipped
• 1:25:07
  away. So states have completely just
• 1:25:11
  different types of laws and and it kind of allows people to move
• 1:25:16
  and pick and choose. Not all countries are like that,
• 1:25:19
  But I think as Bitcoin continues to grow in adoption, states are
• 1:25:23
  going to start to say, Hey, wait a second.
• 1:25:25
  You know, like I am contributing the vast majority of the GDP.
• 1:25:30
  Like, you know, why am I, you know, throwing some of that to
• 1:25:34
  this central government. What are the and again, this is
• 1:25:37
  all game theory and this is all going to happen in, in a, in,
• 1:25:40
  you know, in a peaceful, legal, democratic way.
• 1:25:43
  But you know, bitcoins going to change the world.
• 1:25:45
  It's going to change how, but you know, society and
• 1:25:49
  governments organize themselves. I really recommend reading the
• 1:25:52
  book The Sovereign Individual. I think that thesis is going to
• 1:25:55
  play out. And you know, here you are, you
• 1:25:58
  have very influential people in Alberta that are basically
• 1:26:02
  saying, hey, guys, we're we're not getting a good bargain here,
• 1:26:05
  right? And as individuals, as citizens,
• 1:26:10
  you have every right to ask that, you know, if you live in a
• 1:26:13
  free country, right? That's what it's all about.
• 1:26:16
  So anyways, I do want to thank our very special guest today,
• 1:26:19
  Dave Bradley, for joining us again.
• 1:26:22
  Bitcoin OG best looking. I forgot the blinds.
• 1:26:28
  I have to look at it. Best looking, strongest, most
• 1:26:30
  intelligent Bitcoin entrepreneur in Canada, Dave Bradley.
• 1:26:34
  Go get your tickets to Bitcoin Rodeo.
• 1:26:37
  Go to bitcoinrodeo.com. I will be there.
• 1:26:39
  It's going to be an awesome. It's one of my favorite
• 1:26:41
  conferences of the year. Go check it out.
• 1:26:44
  And Dave, thank you so much for joining us on today's show.
• 1:26:49
  All right, everybody, if you guys enjoyed today's show, you
• 1:26:51
  know to do smash the like button, consider subscribing if
• 1:26:54
  you feel like we provided you value.
• 1:26:56
  I'm your host, Nico is my legendary Co host, Optimus
• 1:26:59
  Fields and our special guest for today, Dave Bradley.
• 1:27:02
  And one more time, everybody in the chat again.
• 1:27:07
  All right, everybody, I'll see you guys later.
• 1:27:09
  Take care, everybody. Today's episode was brought to
• 1:27:12
  you by bitcoinwell.com, a Bitcoin only platform on a
• 1:27:16
  mission to enable financial independence.