Latest / Simply Bitcoin / How Much Bitcoin Do You Need to Retire by 2028? | EP 1111

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How Much Bitcoin Do You Need to Retire by 2028? | EP 1111 · Simply Bitcoin

0:00
Yeah, we're going to simply Bitcoin.
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How much Bitcoin do you need to retire by 2028?
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While everyone has been paying attention to the election,
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everyone's been going crazy. A couple like about a month ago,
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I showed you the open source calculator that Michael Saylor
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came up with. And essentially it allowed you
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to plug in specific data as it relates to you.
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And it will kind of give you this mental model on how much
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Bitcoin do you need to retire by, I believe it was 2030 or
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2040. And just to give you guys a
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small recap before we jump into today's show, which we're going
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to be using the Wen Moon calculators, very, very famous,
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developed by Jimbo, and it allows you to plug in, you know,
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specifically how much Bitcoin do you have and what year would you
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be able to retire based on how much money you're taking out a
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year? So are you retiring off $100,000
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a year? You retiring off $50,000 a year?
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We're going to go through all that.
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You guys love this topic, so we're going to cover it.
1:00
But anyways, when we covered this topic last time, we used
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the Michael Saylor calculator. This time we're going to use the
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Jimbo calculator. So while everyone, everyone's
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being distracted by the election, all the craziness,
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listen, Bitcoin doesn't need a politician.
1:16
Politicians need Bitcoin. At the end of the day, you
1:20
should really be focused on not who's going to be elected and to
1:24
solve all your problems. The person that's going to solve
1:26
all your problems is yourself. And you can start doing that by
1:30
stacking Bitcoin today. So guys, we're going to talk
1:33
about how much Bitcoin you need to retire by 20-30.
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It's going to be great. You guys love this topic and
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we're going to jump straight into it anyways, I'm going to
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bring up my legendary Co host who's always optimistic optimist
1:43
fields. I mean pretty crazy out there.
1:46
It's it's a it's a pretty crazy election year like all the rest
1:52
of them. And this is the first election
1:55
year, ladies and gentlemen, that Bitcoin and the freedom of Ross
1:59
Ulbricht is on the ballot. It really is.
2:02
But from a regulatory perspective, I, like I said in
2:04
the beginning, Bitcoin doesn't need any single politician in
2:08
order for it to succeed. Politicians need Bitcoin to
2:11
succeed. But anyways, let's jump straight
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into it. I've done some some calculations
2:17
and you'll see the difference between the Fiat way of thinking
2:21
about things, then the Bitcoin way of thinking about things.
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So based on the demographics of we know roughly what age you
2:32
guys are, the majority of people that watch this show, we're
2:37
going to say the name is the age is 40.
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We're also going to assume that you want to spend $100,000 per
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year. So how much money would you need
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to retire by age 40, withdrawing $100,000 a year after?
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So you'll need to calculate a quote safe withdrawal rate and
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determine a retirement savings goal accordingly.
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A common rule of thumb is the 4% rule, which suggests that if you
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withdraw 4% of your retirement savings annually, your money
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should last at least 30 years. Adjusted for inflation, this
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means you need around 2.5 million to safely withdraw
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$100,000 per year. But the question that I want to
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get to is how much Bitcoin do you need to retire by 2028?
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So let's assume it's 2.5 million.
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And again, that's kind of depressing, isn't it?
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I think it's depressing to a lot of people because I would say
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the vast majority of people don't have $2.5 million laying
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around, especially by age 40. So you'd be like, you know what,
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I give up. I'm just going to go to the
3:49
casinos and I'm just going to live my life.
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I'm going to live for the moment, baby.
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I'm going to live for the moment.
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What is this long term thinking? This long term thinking is a
3:57
scam. I'm going to live for the here
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and now. I'm going to go to Disney World
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now because I'm never going to be able to afford a house.
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Well, that's life on a Fiat standard.
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Life on a Bitcoin standard is a whole different story.
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And it's full of hope. It's full of opportunities.
4:11
Is is full of peace and prosperity.
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So let's jump straight into it. So first let's make a couple of
4:18
assumptions. First, what is going to be the
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fair value of Bitcoin by the year 2028?
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Well, no one knows, but we can use the power law that's been,
4:30
you know, the the the famous, you know, stock to flow type
4:35
thing of this cycle. Maybe it's more accurate.
4:38
Apparently it is. I'm not a mathematics person,
4:41
but the mathematics guys say that this is this is the this is
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the model that you have to go by.
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So according to the power law, bitcoins fair value by 2028
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should be $302,000 and the bottom price should be 127
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thousand. So OK, 300,300 thousand bit
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300,000 dollar 300,000 Bitcoin. That's not bad.
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So I guess the math would be dividing two 2.5 million /
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300,000 and it would require 8.3 Bitcoin.
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Thing is, that's also really depressing.
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I think a lot of people don't have the ability to accumulate
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8.3 Bitcoin. 8.3 Bitcoin today is roughly half $1,000,000 or
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600,000 so, but I think people underestimate the ability for
5:43
Bitcoin to compound over time. And this is where Jimbo's
5:48
calculator comes in and Jimbo's calculator makes all these
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calculations a lot more optimistic because most people
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like I said don't have $2.5 million laying around.
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So the way that Jimbo's calculator works, and please put
6:04
some numbers down in the live chat so that me and Opti can
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play with this tool. First you have to decide what
6:12
the what your stack size is. So we're going to start with the
6:17
stack size that we put in the thumbnail, which is, oh, did it
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freeze? Yes, it did.
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Let me refresh the page. Here we go.
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Come on, Jimbo's calculator. There we go.
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It's working now. I think there it is.
6:38
OK, so you're going to put a number .2 and then it's going to
6:52
give you oh, here we go. What is wrong with this thing
6:58
today man? It's when moon broken.
7:02
When when moon has broken, man too many people are using it.
7:08
That's not cool. All right, let's refresh it one
7:12
more time and let's stick to the whole numbers.
7:15
So let's start with one Bitcoin and 100,000, which I think is,
7:21
is let's, we'll leave the defaults because this is being a
7:24
little bit buggy today unfortunately.
7:26
But let's decrease the inflation rate because I think it is a
7:30
little bit high or annual Bitcoin appreciation rate.
7:35
So I mean, what did, what did Michael Saylor said?
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Michael Saylor said it was going to be 30%.
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And then the annual USD supply inflation, I think that's get a
7:44
little bit high as well. Let's make that 3% and then it
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kind of changes the conversation.
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So your personal moon date, if you have one Bitcoin and you
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want to pull out $100,000 and the US inflation rate is 3%.
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And the annual Bitcoin appreciation rate, which is the
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one, the one that Sailor's saying, Sailor's saying that
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this is going to be the average annual appreciation rate of
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Bitcoin to the year 2045. And it's roughly, he says
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specifically 29%. So let's go with 29.
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So if the annual Bitcoin appreciation rate is 29
8:22
compounding year after year, if your stack is one Bitcoin, if
8:27
you want to pull out $100,000 in income every single year and the
8:32
inflation rate is 3%, your personal moon date would be
8:37
2033, meaning you would you would never have to work again.
8:42
You'd be, you'd be able to pull out $100,000 every single year
8:46
with that one Bitcoin. And it has a little chart and
8:49
everything. But anyways, let's play around
8:51
with it. Opti, do we have more numbers in
8:53
we? Have change annual appreciation
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rate to 55 and I'll just add on here and let's do the USD from
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three. To.
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What was it? What have people been saying?
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Like at least 10 go 12 just because I'm an extremist over
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here and I keep everything else the same.
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So if the inflation rate is 23% and the annual annual Bitcoin
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appreciation rate is 5555%, then your personal mandate with just
9:29
one Bitcoin would be the year, and that's 20. 23% inflation,
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that's. Crazy.
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That's what, 23% inflation? Roman said 11:50 So do 12 on the
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inflation rate. So 12 inflation rate and it
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would be 2029 with one Bitcoin with an annual appreciate, which
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an annual Bitcoin appreciation rate of 55% with inflation at
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12%. Your personal mandate would be
9:58
the year 2029 we specifically April 11th 2029 and your stack
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would be worth 746,000 and you'd be able to withdraw roughly $479
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a day. Interesting right, But I want to
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get this to it seems like it bugs out when you do it.
10:18
Oh, I got it working great, awesome.
10:20
So let's address the the number in the wow.
10:23
Now you start working. We had to troubleshoot for a
10:25
while anyway. So let's address the number in
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the title, shall we, because it's what you guys came for So
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in the title it said look it's .25 Bitcoin enough right .25
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Bitcoin right? I think it's totally doable if
10:40
you focus and you put your mind to it and you want to withdraw
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100,000 a year and the inflation rate is 12% but the annual
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Bitcoin appreciation rate is 55%.
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Your personal moon date would be 2033.
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That's pretty cool. Anyone else have any numbers
11:02
that want to change over here? Let's do the annual Bitcoin
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appreciation rate. Appreciation rate to I think
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sailors been saying like 40%. Yeah.
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So let's do 40% and then what about income?
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Does income is income at 100,000?
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No, what's the average salary again?
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It's like what, 50K or something?
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So let's say it's 65,000, right? And inflation, inflation is not
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at 12%, but we'll leave it there, I guess.
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Real inflation is definitely not 2:00 to 3:00.
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Percent. So let's let's put it at 8.
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All right, so .25 you want 65,000.
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Inflation rate is 8% annual Bitcoin appreciation rate is 40.
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So your personal moon date would be 20342030 for. 10 years.
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Yeah, 10 years, 10 years. But let's say you wanted to live
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off, you want to live large and you want to take out a quarter
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million a year because you know, you live in Miami or something.
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Your moon date would be 2040. It's not bad bro, not bad at
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all. And your Bitcoin stack would be
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worth 4.24. You know what's really
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interesting too? Like this is roughly where
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sailors prediction is roughly all.
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Right. We got some new numbers here,
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Nico. Do inflation at 9 and do
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appreciation rate or as it says right here at 20?
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So appreciation rate at 20 Opti. Also, let's put this in the chat
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so everyone else could have fun with it.
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Guys, you can you feel free to use this calculator as much as
12:53
you want. I'm going to also put it in the
12:54
YouTube description. You guys can check the link.
13:00
OK, So what are the numbers Opti?
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You got it, you got it. Just keep those numbers as they
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are. So, OK, so the your stack size
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would be .25 Bitcoin, your desired income in today's
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dollars would be a quarter million a year.
13:15
You're the annual inflation rate of the US dollar to be 9 and the
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annual Bitcoin appreciation rate would be 20.
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That's pretty low. Is it is are we, are we going
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with 20? Yeah, that's, that's what
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someone asked for. That's what someone asked.
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For 2070. Six.
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Never. Oh man.
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But look, let's do 30, which I think is very conservative.
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It'd be 2049, so it's not bad. And then check this out.
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This is roughly Sailor numbers. Your Bitcoin stack would be
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worth 15,000,000, right? So OK, let's play around with
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this more. What about?
13:50
.5 Wait wait wait. A quarter of a Bitcoin would be
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worth 15,000,000 at least to this in 2045.
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That's what it says with an annual Bitcoin appreciation
13:59
rate. 60 million per coin. Let's go.
14:05
All right, so let's let's play around with this more.
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So your bit, your stack size is .5, right?
14:11
Your desired income in today's dollars would be be a little bit
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more conservative would be 100,000, right?
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The annual USD, let's leave it at 8% and the annual inflation
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rate it would be. Let's do what Sailor's saying,
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what he says 29%. So OK so your moon date would be
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with .5 just .5 Bitcoin with 100.
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You want 100,000 taken out with an annual inflation rate of 8%
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and an annual Bitcoin appreciation be 29.
14:46
And your moon date would be May 7th 2024.
14:52
Boom. And your Bitcoin stack would be
14:54
worth roughly 2.31 million. OK so let's change these numbers
14:59
more. So let's do 5 coins right?
15:05
Annual appreciation is 8. Annual annual Bitcoin
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appreciation is 29. I, I honestly believe it's going
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to be 40 for the next, for this entire decade.
15:16
I really believe it's going to be 40% compound year over year.
15:20
And I don't think inflation rate is 8, but let's just leave it
15:24
there for the sake of this. If your stock size is five
15:27
Bitcoin and you want to take out $100,000 a year, you got to wait
15:32
until it already happened. You're, you've already hit your
15:34
moon date. So that's interesting.
15:40
All right, go 6.15 for your stats. .15.
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Do inflation at 12 because that's what shadow stats is
15:48
showing right now. That's 12% inflation and we'll
15:50
keep that 40% annual increase. OK, so that four that.
15:54
Already happened. That already happened.
15:56
No, it's going to. It happens tomorrow.
15:58
Actually, it happens tomorrow. It happens tomorrow.
16:04
So please, guys, drop us. Drop us, drop US numbers in, in
16:08
the chat and we'll we'll kind of plug them into the calculator.
16:12
You guys could have fun with this.
16:14
I think it's really, really great.
16:16
It's called, it's called Wen Moon.
16:20
It's by Jimbo. It's completely open source.
16:22
So you can audit the code and all that stuff and it will kind
16:25
of allow you to plan into the future.
16:28
Because I know you guys loved the Sailor calculator, but this
16:32
is the OG calculator. This is the calculator that
16:34
we've been using for a while and you guys love these types of
16:36
episodes. So if you guys have any other
16:39
numbers dropping in the live chat and we'll do the
16:41
calculations for you guys. When you have two to three, two
16:47
or three block rewards, you've made it.
16:49
Someone says do 3.7 Bitcoin. OK, 3.7 Bitcoin, let's plug it
16:56
in 3.7. What about desired income?
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Do you want to keep it at 100K? OK, someone said .5 We'll do
17:03
we'll, we'll get to you huddle, huddle her, huddle her.
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I like that. We'll we'll we'll, we'll get to
17:09
you in a second, but let's do this 3.7 so 3.7 let's do let's
17:14
be humble. Let's say 75 KA year.
17:17
Let's do 12% inflation and let's use sailors number of 29.
17:23
So your personal moon date would be.
17:26
Five years. Five years in 2029, if you have
17:30
3.7 Bitcoin, you want to withdraw 75 KA year the
17:34
inflation rate is 12% and the annual Bitcoin appreciation rate
17:38
is 10% all right now let's move on to all.
17:41
Right, so we got .5 as stack. OK, so half a.
17:45
Coin and desired income at 75 all right so we got just keep
17:50
that yeah. .5 Yeah, So .5 desired income, what is the
17:56
desired income? 75K. 75 K so the annual
17:59
appreciation rate. OK, so with .5 you want to
18:02
withdraw 75K Inflation rate is at 12%, which I think is a
18:06
little high but so be it. An annual Bitcoin appreciation
18:09
rate is 29%. Your personal mandate would be
18:13
the year 2043. So what, nine years?
18:18
2043 is a lot longer. Than that's 19 years, yeah.
18:23
So yeah, interesting. And and and it kind of
18:26
correlates with the Sailor one because it sailor predicts that
18:28
Bitcoin is going to be like 13 million by the year 2045.
18:32
And this this is saying 5.55. So it kind of kind of gets close
18:37
to that. So any any anymore 2.1 Bitcoin
18:42
or or here we go 2.1 Bitcoin. Let's see 2.1 Bitcoin, let's see
18:49
withdrawing 100 KA year annual appreciation rate.
18:54
Your moon date would be 2035 S again.
18:58
I just want to compare and contrast right.
19:00
So I I think you know point 5.25.
19:04
If you're new to this thing you're new to Bitcoin.
19:09
I think this is totally doable to get to you know your moon
19:14
date would be 2050. So you know, if you're, if you
19:19
are, you know, if you're 30 years old right now, 2050, you
19:25
would be 2626 + 30 is 56. So you'd be 56, you'd be, you'd
19:33
be retired. You could literally retire right
19:36
now, right now by the time you get to your mid 50s.
19:42
This is extremely conservative numbers assuming an annual
19:47
inflation rate of 12%, which I think is a little high, assuming
19:51
only an annual appreciation rate of 29 with only .25 Bitcoin, you
19:59
can you can your personal moon date would be 2050 and you'd be
20:04
able to you'd be able to withdraw 100 KA year off .25
20:10
according to this calculator. Do you guys think we're being a
20:12
little bit bearish, a little bit bullish?
20:15
I think this is extreme. Look, if it was up to me, I'll
20:18
do my, I'll do mine. So let's do the baseline of one
20:21
Bitcoin, right? Let's go with 150K, right?
20:26
Because I do live in Miami, right?
20:28
And let's say the inflation rate is 5%, or let's say, yeah, like
20:33
5%. Let's say the annual
20:36
appreciation rate is 40. The moon day is the year 2031
20:44
right? With one Bitcoin.
20:45
I mean that's pretty crazy bro. That's less than a decade.
20:49
Less than a decade If you get to 1 Bitcoin.
20:51
Let's do conservative sailors 2036.
20:55
So 12 years from now you'll be able to retire.
20:58
That's not bad bro. Well what what does that cost
21:00
you? 67,000?
21:02
Now let's compare and contrast that with the what we started
21:06
with, which is the Fiat calculation.
21:09
This means you'll need 2.5 million.
21:12
Isn't that depressing like the contrasting both like you'll
21:17
need $2.5 million in in, in normal Fiat land and in Bitcoin
21:24
land, you can theoretically on a conservative side retire off .25
21:31
point 5. That's pretty crazy.
21:33
Which equates to like, you know what, 12K20K30K, 35K, like
21:41
that's pretty gnarly dude. And This is why, This is why we
21:44
call Bitcoin hope. This is why we call Bitcoin
21:46
hope. And again, guys, we put this in
21:48
the live chat and we put it in the YouTube video and Opti's
21:52
going to put it in in the podcast description.
21:54
So feel free to plug in your numbers and see where, where you
22:00
know where you end up. But you know, This is why they
22:03
call Bitcoin hope, because if you move to a Bitcoin standard,
22:08
everything gets progressively cheaper versus a Fiat standard,
22:12
everything gets progressively more expensive.
22:15
And here's I'll, I'll, I'll drop this last tidbit before we get
22:19
to the numbers. This is Arc Invest.
22:22
Arc Arc Invest is Kathy Wood. They have one of the largest
22:26
ETFs that are publicly traded right now on the NASDAQ.
22:30
And here are her assumptions of Bitcoin and where Bitcoin could
22:34
be by the year 2030. And she's basically making the
22:38
case. She makes a bare case, a base
22:40
case and a bull case. So her bull case by 20-30 is
22:45
1.48 million. Her base case is 682,000 and her
22:52
bare case is 258,000. I mean, that's pretty, that's
22:58
pretty F and fire. So I think the TLDR, if you guys
23:01
are just tuning in, it's probably a good idea to get some
23:04
Bitcoin just in case it catches on.
23:08
All right everybody, let's start the show first.
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All right everybody, let's hit the numbers.
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Lots to talk about, let's check it out.
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Anyways, I've played you guys this clip and I'm going to play
27:37
you guys this clip again because because it is the one the only
27:41
the legendary Ron Paul and Ron Paul had quite an announcement
27:48
and that announcement I'll get to it in a second, but first I
27:53
want to play you guys this video.
27:54
Let's check it out. There is no other power greater
27:56
than the power over money, the power to create and contract the
28:00
money supply, the power to control the purchasing power of
28:04
your money. Throughout history this has
28:06
proven to be the most sought after monopolistic power of man.
28:12
It's become more sophisticated over the decades and over the
28:15
centuries more sophisticated now and more international in scope
28:19
than ever before. So I see the issue of power and
28:22
the control over money as being something that we cannot ignore.
28:26
We must address. I believe closely associated
28:29
with this is the issue of morality as well.
28:32
By what moral right do we have to create purchasing power out
28:36
of thin air? Whether it's done by the
28:38
creation of credit or Federal Reserve notes, or whether it's
28:41
the creation of SDRS in an international scope, by what
28:44
right do they do this? Is it any more moral to dilute
28:48
the value of your purchasing power or the money you hold in
28:50
your wallet than it is for the farmer to dilute the milk supply
28:54
with water? I would say there's an issue of
28:56
morality here just as strong as the issue of power.
29:02
All right, everybody. So I mean, absolutely legendary
29:05
coming from a legendary man and that name.
29:10
That man is Ron Paul. Ron Paul really started this
29:13
movement. He has been criticizing the
29:16
Federal Reserve before it was popular.
29:19
He's been criticizing the endless wars.
29:21
He has the very famous quote that we mentioned ever so many
29:25
times on simply, which is this quote, which is, you know, it's
29:30
not a coincidence that the century of central banking is
29:34
the bloodiest century in human history, right?
29:36
So this is a man, you know, before his time, he really
29:39
started this libertarian movement, this Austrian
29:43
economics, making it popular, making the idea popular that no
29:47
one, no human being, no government should have the
29:51
ability, the God like ability of being able to create money for
29:54
free that everyone else has to work for.
29:56
Well, ladies and gentlemen, it seems like the Overton window
30:02
has shifted once again. Ron Paul and the Libertarian
30:05
Party are already a big winner in the 2024 election.
30:09
RFK Junior. The Federal Reserve is a
30:11
criminal agency. JD Vance.
30:13
I've come around to the raw pawn argument on the Fed Trump
30:17
pledged to end the Department of Education can meet Ross
30:20
Albrecht's sentence and appoint a Libertarian to his cabinet.
30:24
Elon Musk, Department of Government Efficiency.
30:27
Nicole Shanahan finding Ron Paul was like finding a gatekeeper to
30:33
wisdom that transformed my political views.
30:36
The Overton window has shifting, has shifted.
30:39
Now, I can't emphasize this enough.
30:41
If Trump wins tomorrow, if we find out tomorrow, all these
30:48
people are going to be joining the Trump administration.
30:52
RFK, JD Bance's Vice President Elon Musk and now it has been
31:00
announced that Ron Paul potentially is potentially being
31:06
tapped to join this dream team administration.
31:11
Already this news was breaking on Twitter.
31:15
We're building a team. Ron Paul says he wants to join
31:18
Elon Musk to gut to cut government waste in second Trump
31:22
administration. Here's Elon Musk saying it
31:25
himself. It would be great to have Ron
31:28
Paul as part of the Department of Government efficiency.
31:32
I mean, if this is not winning. Speaking of shifting the Overton
31:36
window, here is Trump, which is a quote that we read for you
31:41
guys last week. It was Saylor that quoted Trump.
31:46
Here's a Forbes article mentioning it.
31:48
Bitcoin exempt from capital gains.
31:50
Bitcoin becomes money in the US. Here's the quote itself.
31:56
They have they have them paying tax on crypto.
31:58
I don't think that's right. Bitcoin is money and you have to
32:01
pay capital gains tax if you use it to buy coffee.
32:04
I was talking with a friend and he says it really shouldn't be
32:06
taxed and I agree. And this was Donald Trump and
32:09
this was Saylor quoting Donald Trump.
32:12
Now this is the part where you get slightly uncomfortable, but
32:18
I feel like as a as the most popular daily Bitcoin live show,
32:28
Bitcoin only daily live show, I feel like it's a responsibility
32:31
to at least speak up and to say something, something that you
32:35
guys have been hearing for the last six months or so.
32:39
Where we were, our hands were forced.
32:42
When the Samurai wallet developers were wrongfully
32:46
imprisoned for writing code. When the Tornado cast developers
32:50
were imprisoned for writing code.
32:52
When the proposed 30% The proposed 30% Bitcoin mining tax.
32:57
When the attack on self custody, When the denial of Caitlin
33:01
Long's federal banking charter, When the attack on the friendly
33:05
banks, the when Elizabeth Warren used the tragedy happening in
33:11
the Middle East to shove in hostile regulation against the
33:15
industry. Our hand was forced.
33:19
And I there was an episode, if you guys caught it, where I got
33:21
a little bit upset with Opti because Opti, you know, was
33:25
saying the quiet part out loud that I felt was a little bit
33:27
outside of the Overton window at the time.
33:30
But our hands was our hands was forced and we had to say
33:32
something. And this is the last day that
33:35
I'm going to bring this up hopefully.
33:37
But I'm going to make the case for you guys, right?
33:39
So you have two options tomorrow, specifically if you
33:43
live in the US and you have an option between a candidate whose
33:52
party is pro CBDC has been anti Bitcoin, has gone after pro
34:01
Bitcoin banks, has arrested Bitcoiners, has arrested Bitcoin
34:06
software developers has still not freed Ross even though she
34:11
has the opportunity to do that and take the momentum out of the
34:14
Trump campaign. Or the other option on the other
34:18
side is the orange man. The orange man has brought up
34:23
ending the federal income tax. It's already being talked about
34:27
potentially ending the Fed protect Bitcoin self custody,
34:32
free Ross, shrink the size of of the government and exempt
34:39
Bitcoin from capital gains. Right.
34:42
I think it's I think it's you know, I I I don't think it's a
34:45
it's a hard decision in my personal opinion.
34:49
And most importantly, while I'm bringing this up, we must not
34:52
forget peanut. All right, peanut.
34:59
Oh, Dad was a social media sensation that was living
35:04
peacefully and he or she was mining her her own, you know, as
35:11
as a very happy squirrel. And apparently New York State
35:20
raided the the guy's house who was caring after Peanut, and
35:25
they took the squirrel and they took her into custody and then
35:32
they euthanized her. That is so fucked up in so many
35:37
different ways. And I think, you know, it's an
35:40
example of like what happens when government gets too big.
35:47
And the reason that government is so big in the first place is
35:51
because of the money printer. The money printer is the source
35:54
of a lot of these problems. Endless wars, money printer,
35:57
inefficiency of government, money printer, overbearing
36:00
regulation, money printer, high taxes, money printer.
36:05
It it, it all comes down to the money printer.
36:08
This is why I'm so bullish on this man right here who's been
36:14
talking about this for so long, potentially joining the Trump
36:19
administration if Trump wins tomorrow.
36:25
So I'm going to make one last case for you guys.
36:28
Do it for the squirrels, do it for Bitcoin and do it to free
36:33
Ross. Very uncomfortable.
36:36
I get it, I get it. This is a Bitcoin show.
36:39
I understand, but I hope I've made that.
36:42
I mean, bro, isn't that like a a dream team?
36:45
We have a crazy libertarian, all right, Our boy Rustin.
36:50
And you know, Rustin is libertarian to the core.
36:53
It's part of his DNA, you know, and he's even seen the light and
36:58
he's saying, you know what? They got Ron Paul.
37:01
We got a free Ross. It's not perfect.
37:05
It's a two party system. There's many things about Orange
37:09
Man that I don't like, but if you got a choice between if you
37:14
got 2 choices and one choice is talking about ending better
37:19
income tax, ending capital gains tax, you know, making America
37:24
healthy again by bringing in, you know, bringing in RFK,
37:30
bringing in Elon Musk that literally cut 80% of Twitter and
37:36
made Twitter better than it ever has been.
37:39
The land freaking the man lands rockets and builds self driving
37:43
cars and then the other choice that you have is like communism
37:51
essentially. I, I, I don't know how else to
37:53
say it. Like I, I don't know.
37:56
It's a pretty clear choice to me Bros.
37:59
Hopefully after this election season is, is over, we don't, we
38:02
never have to talk about this enough, never have to talk about
38:06
this again. But I just got to remind
38:09
everyone that it was Kamala, that for Harris and Biden that
38:15
forced our hand to talk about these issues as soon as they
38:20
started going after our industry.
38:23
I think it's so effed up that there are no Lightning wallets
38:29
available in the US like wallet if Satoshi pulled out, Phoenix
38:35
wallet pull pulled out. They're arresting developers as
38:39
much as everyone hates them as a bitcoiners.
38:41
They arrested Roger VIR like they arrested CZ, they arrested
38:45
Arthur Hayes like and then at the same time, wasn't it like TD
38:50
Bank that got like handed down a record fine for money
38:56
laundering? When the banks do it, they get a
38:59
fine. When our industry does it, you
39:03
go to the, you know, the meme, straight to jail, straight to
39:06
jail. Like it it's, you know, it's a,
39:09
it's a, it's double standards has to end.
39:14
And This is why this election tomorrow is important, not for
39:20
Bitcoin to succeed, but from a regulatory environment here in
39:26
the United States. And by the way, I'm not only the
39:29
only Bitcoiner to say this, many corners have said this as well.
39:34
And if you hate politics and you're just not into all of
39:37
this, do it for do it for Ross. I would just want to read this
39:45
from Francis. Francis most toxic maxi
39:50
bitcoiners libertarian does not believe in government
39:53
whatsoever, but he says large part of the future of my
39:59
business will be decided by a few 10, few 10s of thousands.
40:04
Thousands of Americans in two to three states.
40:07
Democracy fucking sucks and that's the truth.
40:10
So if you live in Pennsylvania, if you live in Michigan, if you
40:13
live in Wisconsin, if you live in Georgia, if you live in
40:17
Arizona, if you live in Nevada, Bitcoin is on the ballot and you
40:24
got to do what you got to do. But I I'm at peace.
40:28
I laid my case. I don't want to talk about this
40:30
anymore. We'll talk about it, I guess,
40:31
when the election results come in, but I'm I'm done trying to
40:35
convince people I've I've it's all watched the last year of
40:39
simply Bitcoin and you'll see it.
40:41
Opti's been wanting to RIP his shirt out and show the MAGA
40:45
shirt underneath. And I'm like, no Opti, we got to
40:48
be inclusive. Shut the fuck up.
40:50
But as soon as they put one of us in in a box, that's when I
40:55
felt I had to say something, Opti.
40:58
Yeah, what are? Your thoughts on Peanut?
41:01
Well, first of all, that was some crazy stuff.
41:04
I, I, I, no joke, like obviously it's a horrible situation and I
41:09
think is a, is a sign of the authoritarian overreach that we
41:14
are seeing out of the state of New York and at large, you know,
41:17
problem that's going on in the United States in general.
41:20
A lot of people think that the federal government or any
41:22
government should have more power.
41:23
And we're, we're getting to the point where it's becoming very
41:26
clear that the federal government is huge and they're
41:29
overstepping their reach. And I think this is just an
41:31
example of it. But man, on that note, obviously
41:35
as an Internet person, Internet native person that doesn't take
41:38
anything seriously on the Internet, the memes coming out
41:41
of it were absolutely incredible.
41:43
I was laughing and giggling like a little boy on the Internet
41:47
just because everyone was trolling it so much and
41:49
legitimately was lol. And just people on the Internet
41:53
are out of control. That was that's just a crazy
41:55
scenario. Anyways, I do want to talk about
41:57
really Ron Paul in general because I think it's very
42:01
fitting. And it really goes to, I know
42:03
we've been talking about this. I've been talking about this
42:05
constantly on the show about how it feels like the pendulum would
42:11
do it for do it for the squirrels and the raccoons out
42:14
there. This is about freedom.
42:16
Oh, man. But really in particular with
42:20
Ron Paul, I'd love to see that like Ron Paul is finally getting
42:25
his due justice. Like he's been on this mission
42:28
for what, like 50 years? And I saw one of the tweets that
42:32
it was obviously a, a meme, but it was so good.
42:35
It was like that one where it was, why do you never quit?
42:40
It's because he never quit. And it's like just a picture of
42:43
Ron Paul. It's like, why do you keep
42:44
going? It's because he never quit.
42:46
And it's Ron Paul. You know, he's been doing this
42:47
for basically 50 years. He's been relegated as as one of
42:51
the, you know, quote UN quote, one of the crackpots, the
42:53
libertarian, like no one takes him seriously.
42:57
And now it's seemingly, if you know, Musk goes in there under
43:01
the Trump administration and does this government efficiency
43:04
program that Ron Paul will get his fair share and finally get
43:09
the, you know, the notification or the recognition he should
43:12
because Ron Paul has been to go. He's obviously been, I would
43:17
argue one of the leaders of the Bitcoin movement who denounced
43:20
to him just because we all love what he's saying, you know, and
43:22
the Fed and all of the things we talk about, we constantly
43:25
reference him. So even though it may be a
43:29
little late on Ron Paul's recognition, if there is follow
43:33
through here, I, I'm very, very excited to see Ron Paul get the
43:38
recognition he deserves. And hopefully we do go in there
43:41
and clean house and I think that would be better for all of
43:44
Americans depend irregardless of what side you are are on the
43:50
aisle. Ron Paul, I think will make all
43:52
of Americans lives better. So I'm I'm very interested and
43:55
excited to see that play out. I think that would be
43:58
incredible, incredible moment for the whole Bitcoin movement
44:01
and the freedom movement at large.
44:03
So hey, we'll see what happens. And actually, Nico, we are going
44:07
to kind of talk about the election a little more on the
44:09
culture, but you know, it's Monday.
44:12
I figured we can do some, some, some, I don't want to say price
44:16
speculation, but we're just going to show that capital has
44:19
been waiting on the sidelines for the election.
44:21
It happens all the time. We're going to cover that.
44:23
So let's let's get into it. All right, wait, do, is this, is
44:26
this the numbers or news? We got news.
44:28
Holy shit, it's going to be a long day.
44:29
All right, let's get into it. Let's get into it.
44:31
Let's get into the news, everybody.
44:32
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It doesn't come with Opti, but if you do send me a message and
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the price is right, you might be able to get a passport and a
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picture of opti anyways everybody let's move on to the
47:10
news for today. So I thought this was awesome.
47:15
Let's check this out. Another name in the space to
47:18
watch is MicroStrategy, surging in the month, up around 45% in
47:22
October. The company also announcing it
47:24
plans to raise $42 billion over the next three years to buy even
47:29
more Bitcoin. That is the basically the public
47:33
equity play on Bitcoin maximalism and has been for a
47:36
while. Equity capital markets alive and
47:38
well for sure. Another name in the space to
47:40
watch is Micro, the Bitcoin maximism play if you buy
47:44
MicroStrategy. I mean, that's pretty bad ass,
47:46
bro Wow, OK, OK, I'll take it. I'll take it Chad Saylor doing
47:51
his thing. Also this tweet this this came
47:55
up to me this some original thought I had over the weekend.
47:58
The fact that MicroStrategy holds significantly more Bitcoin
48:01
than Coinbase is absolutely hilarious.
48:04
And then check this out right. My strategy has officially
48:09
flipped Coinbase check this out. So MicroStrategy has now a
48:15
bigger market cap then Coinbase. Coinbase was found was like
48:21
2013. They had all that head start,
48:25
but then they focused on all coins.
48:27
I mean, Ouch. Anyways, so Saylor went on this
48:35
lady, she's a she's an award-winning journalist and she
48:40
hosts a show called The Trish Reagan Show.
48:44
And I'm going to play you a clip from that show where she was
48:47
interviewing Sailor. It's about 5 minutes long.
48:50
I don't know if we'll have time to play the entire thing, but I
48:53
thought it was a really interesting conversation.
48:54
Let's check it out. Also, again, if you guys want to
48:57
check out the full podcast, make sure to check out Trish Reagan.
49:02
All right, let's check it out. The dollar, you know, a lot of
49:06
people are watching their dollars just evaporate in terms
49:08
of purchasing power. And it's one of the reasons why
49:09
they're looking, one of the reasons why you guys were
49:11
looking for alternatives as we go increasingly into this
49:15
complex geopolitical situation. And, you know, you got Putin
49:18
over there entertaining everybody saying, OK, well, you
49:20
can't use dollars and can't use credit cards.
49:22
And there's this jockeying for who's going to be the currency
49:25
of the world, so to speak, and the dollar comes under pressure.
49:29
Is Bitcoin the answer, do you think?
49:31
Is that the currency of the world for the future, and does
49:35
it undermine or threaten the hegemonic power of the United
49:39
States? Yeah, I don't think Bitcoin
49:42
threatens the USI think Bitcoin is strengthening the USI think
49:46
that if you look at all the currencies in the world, the
49:49
strongest currency in the world is the dollar.
49:51
And so everybody in the world has either got a weaker currency
49:54
which is collapsing, or they're on the dollar standard.
49:56
Like the euro is pretty much pegged of the dollar.
49:58
The Singapore, the, you know, the D ROM most of the quote UN
50:02
quote good currencies, you know, the Swiss franc, ETC, they're
50:05
pretty much pegged to the dollar.
50:06
And then the bad currencies, you know, the weak currencies, the
50:08
peso, the naira, Egyptian pounds, Lebanese pounds, Turkish
50:12
lira, they're collapsing against the dollar.
50:15
So it seems pretty clear that the dollar will continue to
50:18
spread. But there is an inflation
50:21
problem. The inflation rate in dollars is
50:23
not the CPI. It's not 2 or 3%.
50:26
The best, the best way to think about monetary debasement is to
50:31
look at the the S&P index. If the S&P is advancing 12% a
50:36
year, that's the rate at which the money supply is expanding in
50:39
dollars. So your hurdle rates, the the
50:41
rate at which you have to generate an investment gain in
50:44
dollars in order to get not get poorer is probably the S&P
50:47
index. That's the cost of capital.
50:49
And that's a pretty good surrogate for the rate of
50:51
expansion of the US dollar M2 money supply.
50:54
So over the last 100 years, the S&P index generally expands
50:58
about the same rate that the dollar expands in money supply.
51:02
So if someone gives you an idea to generate 3% after tax, you
51:06
know, buying bonds at 5% or 3% after tax, that's kind of like
51:10
underperforming the cost of capital by 9%.
51:12
You're getting 9% poorer every year.
51:14
So, so anything that isn't beating the S&P index is making
51:17
you poorer in dollar terms. What's beating it?
51:20
Well, I mean the S&P, when you invest in the S&P and your money
51:22
goes up 10% a year with the S&P, you think you're getting richer.
51:25
No, you're just staying rich. You're staying as wealthy as you
51:27
are. The magnificent Sevens beating
51:29
it. So over the last four years,
51:31
maybe the S and PS up 1314%, the Magnificent Sevens up 2526%.
51:36
It's doubling it. This is not this is a no
51:38
brainer. It's obvious, right?
51:39
You know, NVIDIA and Apple and Google and Microsoft and Meta,
51:43
those are monster stocks and everybody knows they're the most
51:45
powerful companies in the world. So they outperform everybody
51:48
else in the S&P underperforms. So 1% of the companies generate
51:52
most of the gains. The other 9899% don't really
51:55
generate much gain. Bitcoin's doubling the
51:58
Magnificent 7. So in terms of what is Bitcoin
52:01
the answer? Yeah, sure.
52:02
If you want to beat the S&P index, you need something better
52:06
than a typical good company. A well run company will at best
52:09
keep up with monetary inflation. You need a monstrous digital
52:12
monopoly like the Magnificent 7 to outdo it.
52:15
But the greatest digital monopoly in the world, Trish, is
52:18
the digital monopoly of money. I mean, the greatest digital
52:21
network in the world is Bitcoin. Bitcoin is Facebook for money,
52:25
right? It's Google for money.
52:26
If all the smart rich people in the world decide that they want
52:29
to store their money in a bank and cyberspace, that will never
52:31
be debased and hold it for the next 100 years, right?
52:34
Isn't that the best investment by definition?
52:37
Because every other company has some kind of crack in its armor
52:41
or some kind of a tax surface. All the other companies get
52:43
taxed. They have employees, they have
52:44
headquarters, they get hit with tariffs and fines and etcetera.
52:48
So find me a big tech monopoly that is global, that that sells
52:52
a product that everybody wants, nobody can stop.
52:56
And. Nobody understands.
52:58
No, it's Bitcoin Trell. Oh man, a sailor.
53:03
Drop in, drop in the hot fire like always.
53:07
I mean, dude, like the proof is in the work like MicroStrategy
53:15
is outperforming everyone because they've adopted a
53:17
Bitcoin strategy that you can even say they are outperforming
53:20
Bitcoin even. And like it's just a matter of
53:25
time. You you saw the news coming out.
53:28
I believe it was last week or the week before where micro,
53:32
sorry, Microsoft, some of these micros, Microsoft was holding a,
53:40
a, a vote to see if they wanted to hold Bitcoin.
53:44
And, and part of the, the press release was like, MicroStrategy
53:49
is a, is a software company. We're a software company.
53:52
Like we have more revenue. Why is MicroStrategy
53:56
outperforming us? And they're like, it's probably
53:59
because they've adopted a Bitcoin strategy and something
54:02
that I've always kind of brought up, you know, to you guys
54:07
personally. And we, we, we showed it to you
54:10
guys with the retirement calculator.
54:12
And I've seen it with Opti. I've seen it with me, my
54:15
company, the people around me, my friends, my family that have
54:19
adopted a Bitcoin strategy. Their life just gets better,
54:22
man. Their life just gets better.
54:25
Think about it. You're holding something.
54:27
And it was, it was Jeff Booth that actually said this.
54:30
And I found it fascinating. The, the natural how things
54:34
naturally should be is everything should actually be
54:37
deflationary because of the productivity increases of
54:41
technology, right? But you're not seeing that
54:46
deflation because of of of government intervention and
54:51
money, but you should be seeing it.
54:54
The thing about Bitcoin though, and to use Jeff Booth's words,
54:58
if it stays decentralized and secure, is the only thing that
55:03
is accurately pricing the deflation around you how the
55:08
world should work. And if you remember the reports
55:14
that coincidentally all this is a coincidence, of course, the
55:17
reports that were dropped by the ECB and the Federal Reserve
55:23
referencing Bitcoin, they were basically freaking out, saying,
55:27
holy cow, if this thing continues, I don't think central
55:31
banking can function because we need to be able to steal from
55:35
people. And I'm paraphrasing here, and
55:36
I'm telling you the TLDR. But how crazy is that, right?
55:42
So yeah, I mean, Bitcoin is the answer.
55:45
Bitcoin is hope. Put Bitcoin into your company,
55:49
into your personal finances and whatever it is, I'm telling you
55:53
it is a freaking cheat code. It is a cheat code and the
55:56
people that are not using it and you are using it, you have a
56:00
competitive advantage over them because you have adopted a
56:05
Bitcoin strategy. Like someone saying in the chat
56:07
stock market Mike, Bitcoin is the greatest cheat code that is
56:10
in front of everybody's eyes. I have only one person in my
56:14
circle that understands this. Yeah, I mean it.
56:16
It's incredibly obvious. I don't.
56:18
I don't know what else to say. Opti, let's quick two-minute bit
56:22
before we move on to the culture because we are running a little
56:24
bit long today. Yeah, well, I think not only was
56:28
that a great clip, but I think a new meme was born, you know,
56:31
like, no, it's Bitcoin. Trish.
56:32
She Trina, she tried to glaze a little bit there on Sailor like,
56:35
oh, MSTR is the product. He's like, no, it's it's only
56:38
works because we're buying Bitcoin here.
56:40
And I think this is just only going to expand.
56:44
We're so used to complicating things that it's, it's like such
56:47
a simple, simple thesis here. It's just saving Bitcoin store
56:51
that Bitcoin, it's going to outperform everything.
56:54
It, it seems too easy to believe.
56:56
And that's why everyone's having such a hard time fighting it.
57:00
And I think this, you know, next year is going to be an
57:02
incredible just see the Bitcoin price start pumping and you
57:05
know, every day it's going to be pumping.
57:06
Hopefully, you know, and, and the most bully sense ever.
57:09
Most likely it won't be pumping every day, but I think next
57:12
year's going to be epic and I'm I'm here for it.
57:15
So hey, no Trish, it's Bitcoin. Just stack Bitcoin store Bitcoin
57:20
continue to buy Bitcoin. This is how you win.
57:23
This is why the micro strategy strategy is winning.
57:26
This is why most likely sailors going to be the richest man in
57:29
the world soon. So here we are man and
57:32
beautiful, being a bitcoiner. Absolutely 100% guys, there's
57:37
about well, it's a good show today.
57:39
You guys love this topic. There's roughly 2200 of you guys
57:43
watching live between all the platforms.
57:46
If you guys are enjoying the show so far, make sure to smash
57:49
that like button really really helps with the algos.
57:52
Also, Opti released a poll about an hour ago and it's quite
57:56
concerning. Yeah, This is why we did it.
57:59
He. Asked do you run a node and 72%
58:03
of you guys said no. Only 27% of you guys said yes.
58:09
What do you guys do? The reason this is quite
58:11
concerning, ladies and gentlemen, is because if you
58:15
don't run your own node, you're trusting someone else's copy of
58:19
the Bitcoin blockchain. Don't trust someone else's copy
58:21
of the Bitcoin blockchain. Run your own version of Bitcoin
58:25
and we made it incredibly easy for you guys.
58:27
If you check the video description, there's a link to
58:30
start nine. Start 9 is the node that I use.
58:34
It's pre built, it's awesome, it's open source.
58:37
Matt Hill is the fucking GOAT of making nodes.
58:41
OK, go check it out in the video description.
58:45
There's pre built nodes. There's a more expensive option.
58:48
There's a cheaper option. It literally it's like a it's
58:52
like a box. It's like a it's right in front
58:53
of you. I can't show it because of the
58:54
camera. It's like literally like a box
58:56
and you just plug it in, plug it into your router and you put in
59:00
the power cable. That's it.
59:03
And you can connect. You can connect to your Electrum
59:06
wallet or your Sparrow wallet or whatever wallet you use.
59:09
You can connect to it remotely anywhere around the world.
59:12
How cool is that? It's the most badass thing you
59:14
can ever imagine. So you just pull up.
59:16
You're traveling. Like, I was just in Europe for
59:18
about a month and I was traveling and I wanted to check
59:22
my Bitcoin balancer. I wanted fucking payroll every
59:25
month and I have to pay everyone else out, right?
59:28
And I pull up my electrum wallet and instead of my electrum
59:32
wallet connecting to a, you know, a public node and it
59:37
doxes, you know, my balances and all that it connected.
59:41
Think about it. It connected to my node all the
59:44
way back home in Florida. Like it's so badass.
59:47
So get yourself a start 9. That's the node that I recommend
59:50
there's a discount down below if you guys want to use it.
59:53
Highly recommend it. We got to get those numbers up
59:55
72 percent is quite high, everyone.
59:58
All right, everybody, let's get to the culture.
1:00:00
Let's do this. Here we go.
1:00:14
All right, everybody, I do want to tell you about our.
1:00:16
Sponsor the orange pullap stock Friends who stock such join the
1:00:20
12,233 that are currently on the app.
1:00:23
To get started, scan the QR code or check the link in the video
1:00:27
podcast description. The Orange Pullap is the number
1:00:30
one Bitcoin social layer. So what does that mean?
1:00:33
What does all this mean? The Orange Pull app is a great
1:00:36
resource if you're traveling. If you're on the go, perhaps
1:00:39
you've been in your city for a while and you don't know any
1:00:42
actual bitcoiners. The Orange Pull app is for you.
1:00:47
You pull it up has a really coverage geographical feature
1:00:50
and it will literally show you the bitcoiners that are near you
1:00:53
and it will give you the ability to send them a message and
1:00:57
connect with them directly, building up that Bitcoiner
1:01:01
network. It's probably a pretty good idea
1:01:02
to do that. So download the Orange Pull up
1:01:05
today. One of the best ways to reach me
1:01:07
directly. Send me a message or reach Opti.
1:01:10
Scan the QR code or check the link in the video slash podcast
1:01:14
description. Anyways, Opti has a has
1:01:18
something pulled out? Well, yeah, here, let me just
1:01:22
take it from here and I'll I'll try to RIP through this quickly
1:01:24
because we are running long, but this is the culture.
1:01:26
So I'm here to kind of give you a summary of the cultural
1:01:30
zeitgeist right now in regards to Bitcoin.
1:01:33
Of course, it's been a long Rd. covering the elections and
1:01:36
politics landing on our door. Well, since I have guests all
1:01:40
week, I figured I'd, I'd, you know, give you my thoughts here
1:01:43
on what's going to happen because of this election.
1:01:45
But starting turning off we have, you know, we're starting
1:01:47
off strong here. We have Bernstein who's an an
1:01:49
analyst out there and they made their predictions here.
1:01:51
They've actually kind of made 2 predictions.
1:01:53
But today, this morning, they came out with this prediction is
1:01:56
a headline. Bitcoin could hit 90K if Trump
1:01:59
wins, it'll hold at 50K floor under a Harris administration.
1:02:03
This is their prediction as of this morning, but they did drop
1:02:07
one last week. And I think, you know, following
1:02:10
this cultural zeitgeist is what I've been saying for a while on
1:02:13
the show. Yes.
1:02:14
You know, we think that for four more years of the Harris Biden
1:02:17
administration would most likely be catastrophic for the Bitcoin
1:02:21
industry, unless you're an accelerationist, then let's
1:02:23
accelerate away. It's been very obvious that the
1:02:27
Trump administration has been very pro Bitcoin and obviously
1:02:32
we've been covering, you know, Ron Paul going in there, Trump
1:02:34
with the government efficiency, what's IT department of
1:02:38
Government efficiency and you know, Howard Lutnick on the
1:02:41
transition team, obviously a bitcoiner.
1:02:43
So it's looking like we have one side pro Bitcoin, one side anti
1:02:46
Bitcoin, but it doesn't really matter in regards to Bitcoin.
1:02:49
I think what's really been happening is elections cause a
1:02:52
lot of uncertainty. So whether on you're on either
1:02:55
side of the aisle, what you're doing most likely if you have a
1:02:58
lot of capital is you're kind of waiting until the elections pass
1:03:01
and then you're going to, you know, make your bets.
1:03:03
But historically, after the Bitcoin price, you guys can see
1:03:06
here on a chart that the Bitcoin bottom of that cycle was the
1:03:11
price of the Bitcoin on the Election Day.
1:03:13
And so it we're at what around 69 K today.
1:03:17
So, hey, if this is the bottom of the next cycle, it looks like
1:03:20
we're going to get a lot of pumping moving forward.
1:03:22
But I think the real signal here is the prediction that Bernstein
1:03:26
made last week where the Bernstein analysts predict
1:03:29
Bitcoin to reach 200 K by end of 2025, which essentially is
1:03:33
boiled down to it doesn't matter who gets elected, especially now
1:03:37
that we have, you know, Larry Fink being a Bitcoiner
1:03:40
president. Larry Fink is going to ensure he
1:03:42
pumped our bags. And you just love to see it.
1:03:45
But on the flip side, being a bitcoiner and someone that knows
1:03:50
what happens with either politician, the money printer is
1:03:53
going to most likely get turned on and it doesn't matter who the
1:03:57
president is in the last what, 12345?
1:04:01
Wrong day to bring this up. Trump in office, bro, what are
1:04:08
you doing? You do your bit.
1:04:10
My bit is all politicians are going to print money, so there
1:04:13
is a better, better option is voting Bitcoin.
1:04:17
Nico, do your part. This is my part.
1:04:20
This is like bro what are you doing?
1:04:23
What it why why why why would you do that?
1:04:26
Why would you do that dude? Like do you not understand this
1:04:29
election is neck and neck like like bro bring it up, bring it
1:04:33
up again bro like God damn. I deleted it.
1:04:37
We we got our point. We got our point.
1:04:39
I think I still look I still think Trump's a better better
1:04:42
pick, but either way, both politicians are going to print
1:04:44
money, turn the money printer on to pump Bitcoin.
1:04:48
I'm all for this they. Are but at least one isn't going
1:04:50
to put us in a fucking gulag for holding Bitcoin, man.
1:04:53
Oh God. OK, OK, all right, let me vote
1:05:05
with your wallet, vote with Bitcoin, take Bitcoin into self
1:05:08
custody. That's the most important.
1:05:10
But this election, this Fiat election, because that's what it
1:05:13
is, because opt Opti's absolutely right.
1:05:16
Yes, both candidates, all they do is print money 100%.
1:05:21
But like guys, this is this is serious.
1:05:24
Like this is serious. The, the, the and I read, I read
1:05:28
it from Francis and I read it from whatever.
1:05:31
If you own a Bitcoin business in the United States or you're a
1:05:33
Bitcoiner in the United States, from a regulatory standpoint,
1:05:37
depending of who gets elected into office tomorrow, it will
1:05:41
have an impact on your life. And that's not like I'm not
1:05:46
trying to convince you otherwise.
1:05:48
Like that's the reality of it. Opti is however 100% right.
1:05:54
However perhaps maybe it wouldn't.
1:05:56
It would. It isn't exactly the best status
1:05:58
to bring it up. Opti right before the election.
1:06:04
I'm a bitcoiner. You know, my stance, It's not
1:06:06
Republican or Democratic or Democrat.
1:06:10
It's Bitcoin. Vote for Bitcoin.
1:06:12
But yeah, go out there and do your thing, you know, Hey, have
1:06:14
fun. So Opti and I disagree on this,
1:06:18
and that's what. This is why the show is good.
1:06:20
We don't have to agree on everything.
1:06:21
This is why the show is This is why the show is good exactly,
1:06:25
but yeah, I know and and this is the exactly that someone in the
1:06:29
chat. This election doesn't matter for
1:06:30
the USA. It is important for the rest of
1:06:32
the world to just for the USA. Thanks for putting my words up
1:06:36
there. Opti 2024 fear don't get in
1:06:39
stack holder foreigners for Trump is crazy work.
1:06:44
I'm voting for Ron Paul or else his Hispanic deportation.
1:06:53
No mega. I'm with Opti.
1:06:55
We've got your vote. You can't censor Opti.
1:06:58
Let him cook. Can I see that comment, bro?
1:07:04
No, I mean I. I think this one is a good one.
1:07:07
True friends can disagree. And I think this is what we're
1:07:10
seeing right now is there has been a lot of, you know,
1:07:13
polarity here. But either way, I think we're
1:07:17
going to be here and keeping the, the foot to or both
1:07:21
campaigns to the fire and make sure that they are doing what's
1:07:25
good for Bitcoin. They are doing what's good for
1:07:27
the industry. So, hey, if I'm in the gulags,
1:07:29
Nico, you know, you can say you were right.
1:07:32
And if Trump wins, I'll say you were right at least.
1:07:36
Either way, Bitcoins going to keep winning.
1:07:38
It's going to pump for the next 4 years.
1:07:40
It's going to pump forever. It's going up forever, Laura.
1:07:43
OK guys, Seriously, get out and vote and vote for Trump.
1:07:49
If you want a positive, positive regulatory environment for
1:07:54
Bitcoin. If you want to free Ross
1:07:57
Ulbricht, he's been in prison way too long.
1:07:59
If you want Ron Paul and Elon teaming up together and
1:08:04
shrinking the size of the federal government, which it
1:08:07
will lead to shrinking. Yeah, it will lead to shrinking
1:08:13
tyranny. The tyranny comes from over from
1:08:16
a government becoming bigger and bigger.
1:08:18
Therefore it needs more and more revenue and it becomes more and
1:08:21
more tyrannical over the populace.
1:08:24
But you know, you could always take Opti's approach and just
1:08:27
say, you know what? I got my Bitcoin and I I think
1:08:30
that's, that's a correct way of seeing it.
1:08:32
Seeing it too because at the end of the day, like buying Bitcoin,
1:08:37
earning Bitcoin, mining Bitcoin and taking that Bitcoin into
1:08:39
self custody, it is a vote. It's the most powerful vote you
1:08:43
can make without a shadow of a doubt.
1:08:45
However, both things can be true at the same time, which is like
1:08:49
this election does matter from a regulatory perspective.
1:08:52
Not for Bitcoin to succeed, but from a regulatory perspective
1:08:56
and at the same time, yes, voting with your wallet is
1:09:00
incredibly important for the peaceful Bitcoin revolution.
1:09:03
Look God damn bro, you had to bring it up the day before the
1:09:06
election. Like talk about timing, holy
1:09:09
shit. At least I'm consistent here,
1:09:11
Nico. No, you're honest man, you're
1:09:13
authentic. That's the beauty of the show.
1:09:15
Anyways guys, I hope you enjoyed this episode of Simply Bitcoin
1:09:19
Live. If you're opti doesn't matter
1:09:22
whether you vote or not from Nico, get out to vote,
1:09:25
especially if you're in a swing state tomorrow, November 5th,
1:09:29
and I love you guys all take Bitcoin into self custody.
1:09:33
That's the revolution. Today is November 4th, 2024.
1:09:36
This was simply Bitcoin live. I'm your host, Nico.
1:09:39
This is my legendary Co host, Optimus Fields, and we'll see
1:09:42
you tomorrow for a brand new episode of simply Bitcoin live.
1:09:49
It's brought to you by bitcoinwell.com, a Bitcoin only
1:09:52
platform on a mission to enable financial independence.