Latest / Simply Bitcoin / EVERY Trader Just Got DESTROYED!! What comes next?! | EP 1390

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EVERY Trader Just Got DESTROYED!! What comes next?! | EP 1390 · Simply Bitcoin

• 0:00
  Jamie Dimon's attack on Bitcoin looks to be ending and leverage
• 0:03
  leverage traders have been flushed.
• 0:06
  Everyone's wondering what is coming next.
• 0:09
  Interestingly, Donald Trump might have just accidentally
• 0:12
  admitted who is going to be the next Fed chair.
• 0:14
  Of course, QT has officially ended this week and there are
• 0:19
  many signs that ADK could have been the bottom.
• 0:22
  Today, I'm going to make the case that this could be the most
• 0:26
  bullish setup I've seen all year.
• 0:28
  I know I've been wrong all year here, but I'm convinced guys, it
• 0:32
  is not over and I am going to do duties alone today, you know,
• 0:35
  for a little bit. Nico's in a meeting, he'll pop
• 0:37
  in a little later. And of course, I do have a guess
• 0:40
  how crypto cloak is going to pop in in about probably 20-30
• 0:43
  minutes. But anyways, enough of
• 0:45
  housekeeping here. Let's get into what I am seeing.
• 0:49
  Guys, I know, I know Nico's been getting kind of beat up because
• 0:52
  he's a bear, but I'm I'm dude. Guys.
• 0:55
  I am so convinced that this this bull run is not over.
• 1:00
  It's actually ridiculous I'm I'm I'm the I'm the last bull
• 1:03
  standing here. Even Luke has been getting
• 1:05
  bearish on us guys. What is going on all right, so
• 1:08
  here is the latest news here's what happened yesterday for you
• 1:12
  guys, not perpetually online, not completely obsessed with
• 1:16
  Twitter not really following along on all the news.
• 1:19
  The big kind of news story is that Bitcoin, we're above 93 Ki
• 1:25
  didn't actually get the price right before the show, but we
• 1:27
  did hit like 94. We're hovering around 93 K right
• 1:30
  now. And what is causing that?
• 1:32
  We saw $400 million of shorts liquidated yesterday.
• 1:37
  Leverage shorts liquidated. And this is really telling us a
• 1:41
  lot about what's going on in the market.
• 1:43
  Also, of course, Bitcoin has now added $200 billion to its market
• 1:47
  cap in the last 36 hours. And it's Kobayashi letter, which
• 1:51
  is someone I've been telling you guys to follow on Twitter, says
• 1:54
  keep watching leverage. I think that is kind of the big
• 1:58
  important note here. There's been a few things that
• 2:01
  you can watch. Yes, you can watch spot Bitcoin
• 2:03
  price. But right now, I think where our
• 2:06
  eyes should be kind of, you know, paying attention to is of
• 2:10
  course, the ETF inflows because the institutions are here and
• 2:14
  then leverage. If we see the D Gen. leverage
• 2:18
  plays kind of play out, I think that's where the battlefield is
• 2:21
  because remember, I've been making the case it really does
• 2:24
  seem like the Wall Street institutions now in the space
• 2:28
  are playing games right now. So they're the market makers are
• 2:32
  out there really whipsawing all of the Bitcoin retail D Gen.
• 2:37
  traders and all of that plays out in the in the leverage
• 2:40
  arena. So going a little further, I do
• 2:43
  like this tweet here from Frank Korva.
• 2:45
  I think this is like hitting the nail on the head on exactly
• 2:48
  what's going on. Frank Korva goes take out
• 2:51
  leverage traders on the way down and up.
• 2:54
  This is how market makers do it and we're playing with the big
• 2:58
  boys now. But if you're simply holding
• 3:01
  Bitcoin and cold storage slash self custody, you're free from
• 3:04
  the drama, which is what we tell you guys to do all the time.
• 3:08
  I know you guys have been giving me a lot of shit recently
• 3:10
  because I'm macro about Moon Boy Opti.
• 3:13
  Recently I have been talking about the price, but that's what
• 3:16
  everyone's wondering what's going on.
• 3:18
  Everyone is confused on what the price is.
• 3:20
  Every Bitcoin prediction has been wrong.
• 3:23
  We're all looking at 2025 and it does feel like the lost Bitcoin
• 3:27
  year. It should have been a parabolic
• 3:29
  year, but in hindsight, 2025 was a bear market.
• 3:33
  I mean, we're under the price that the year started.
• 3:36
  We're under the price when Trump basically got into office.
• 3:40
  It's been a weird year and I think there's been a lot of good
• 3:43
  narratives around what is actually going on.
• 3:45
  What are we seeing is this, you know, a trade off of the baton
• 3:49
  from old kind of OG holders into institutional holders?
• 3:54
  Is Wall Street trying to shake you out of your position?
• 3:56
  You know, we're seeing a lot of Wall Street products.
• 3:59
  We we probably have had the most bullish news cycle this year
• 4:04
  ever and the Bitcoin price has not reacted, which usually means
• 4:08
  you're in a bear market. So every everyone's been wrong.
• 4:11
  We're all trying to kind of wrap our heads around what's going on
• 4:15
  again, four year cycle meme seems to be totally in play, but
• 4:21
  the things on the horizon makes it seem like the four year cycle
• 4:24
  is probably over. That's kind of my working thesis
• 4:27
  right now and I'll make the case in a minute and then going
• 4:30
  forward a little more. You know this I think tweet here
• 4:33
  from DJ. This is an old tweet, but he is
• 4:37
  perfectly explaining what we're seeing happen in the bull
• 4:41
  markets right now. Again, this tweet is from
• 4:43
  February 11th, 2020, but he did update it to yesterday and
• 4:48
  again, history doesn't repeat but it does often rhyme so VJ
• 4:52
  goes. One of the classic signs of a
• 4:54
  bull market are that pull backs are swiftly met with green
• 4:58
  uppercut candles to the jaw of bears or as some other people
• 5:02
  like to call them, hammer candles.
• 5:05
  Again, you can see this is 2020 when we hit 10,000, but let's
• 5:08
  update that to today. If you we are looking at the
• 5:11
  charts, Bitcoin did exactly that.
• 5:14
  We dumped from about 90 1/2 K all the way down to 84 K.
• 5:19
  And then yesterday, you know the Vanguard effect we had we saw
• 5:23
  Vanguard come out say that effective immediately we are
• 5:26
  going to offer Bitcoin ETFs. And then on the very same day we
• 5:30
  saw Bank of America slash Merrill Lynch, I'm sure you guys
• 5:32
  saw that on Twitter basically announced starting 2026, we are
• 5:37
  going to recommend 1 to 4% to our alliance portfolios into
• 5:42
  Bitcoin. So we are seeing the hammer
• 5:44
  candle right now. And again, you know, B JS been
• 5:47
  in Bitcoin for a long time. He's been a part of Wall Street.
• 5:50
  He you know, he's not, I wouldn't say he's a trader, but
• 5:53
  he understands market dynamics and we are in fact seeing the
• 5:56
  quote UN quote hammer candles right now.
• 5:59
  So this is making me think, and I've been telling you guys,
• 6:02
  look, could be wrong again, could be wrong, not financial
• 6:06
  advice. Don't don't you know, he lock
• 6:09
  your house and sell your kidneys and blame Opti because the price
• 6:12
  goes back down again. But I really do think that this
• 6:16
  8085 K area is probably the bottom.
• 6:20
  I'm not going to chart boy, you guys, but I'm starting to see,
• 6:23
  you know, some lower high trends and I I'm still looking for like
• 6:27
  one O 7. Of course, 120 range is where
• 6:30
  we'll know for sure, but I am, I am starting to feel more
• 6:34
  bullish. At first I was just kind of
• 6:36
  being a contrarian, you know, Niko went super bare on me and I
• 6:39
  was just like, no, bro, I, I can't, I can't allow myself to
• 6:43
  become a bear when Niko's been perma bear.
• 6:46
  So at first I was kind of just being a contrarian, A bulltard,
• 6:49
  perpetually bullish. But right now I, I think we are
• 6:54
  starting to see a lot of signs that we're not necessarily going
• 6:58
  to drop, you know, 7080%. I I just don't see that
• 7:02
  happening with everything on the horizon, with liquidity kind of
• 7:06
  coming on board, QT ending, the institutions coming in seemingly
• 7:11
  price manipulation on Bitcoin right now.
• 7:14
  You know, they want to get a good entry.
• 7:16
  All of this is making me feel extremely bullish.
• 7:19
  And then the the best indicator which my boy I I got lunch with
• 7:22
  my boy yesterday. I've been telling you about him.
• 7:25
  He has called all of these tops right now and he even jokingly
• 7:29
  said he's like the fact that Nika's getting bearish might be
• 7:32
  a sign that we have bottomed out.
• 7:34
  And I'm like, I know right? I totally know 100% yes we are
• 7:40
  all bull tarted with. Me.
• 7:41
  Thank you. Thank you.
• 7:43
  OK. So the next piece of news is
• 7:47
  kind of the same thing. Again, you got to focus on
• 7:51
  what's going on with the levered longs and shorts.
• 7:55
  This is where the action is playing out currently.
• 7:58
  Again, it's the ETF inflows and outflows and currently in the
• 8:03
  leverage long arena. Now of course, as Frank Korva
• 8:07
  was saying, if you're just buying Bitcoin in spot, you
• 8:09
  really don't care about this. You're playing the game of
• 8:12
  accumulation. You're playing the the really
• 8:14
  the safest move, which we've been telling you guys forever.
• 8:17
  The safest move, historically, the one move we know will always
• 8:21
  win is stacking Bitcoin, taking it into cold storage and staying
• 8:26
  solvent. Really kind of just like set the
• 8:29
  DCA up, make sure your Bitcoin's secured, and all of this is
• 8:33
  noise as long as you have a long enough time horizon.
• 8:36
  But for everyone else that really is obsessed with Bitcoin,
• 8:39
  obsessed with what's going on in the market, really wanting just
• 8:41
  to know where this is going in the short term 'cause we all
• 8:45
  know where it's going in the long term.
• 8:46
  Again, you focus on what's going on in the levered longs and
• 8:50
  shorts. And here we see that over $10
• 8:53
  billion in short position will be liquidated once Bitcoin hits
• 8:57
  100K. Obviously these could be some
• 9:00
  spoofs. They, they can put these orders
• 9:02
  on, pull them off at will, you know, kind of, I would say like
• 9:07
  head shake the, the market makers, you know, you, you give
• 9:10
  them a price and then once it starts going off, you pull it
• 9:13
  off. And like most of these won't all
• 9:15
  be there. But this is what we're seeing as
• 9:18
  sight Bringer says, you know, find them and destroy them.
• 9:22
  It's seek and destroy time. I think, you know, we saw the
• 9:26
  institutions essentially, oh, sorry, I didn't pull it up.
• 9:29
  We've seen the institutions essentially kind of messing with
• 9:33
  the market, whipsawing the market right now, really trying
• 9:35
  to scare retail out of their position, really trying to
• 9:38
  acquire as much Bitcoin into these Wall Street products.
• 9:42
  And the only way they can really do that is by forcing you to
• 9:45
  sell your Bitcoin or incentivize you to give up your keys in
• 9:48
  Bitcoin. But I think we might be back
• 9:52
  into bulls running the market right now.
• 9:55
  Now we could be barting, who knows?
• 9:57
  Obviously, you know, I'm, I'm gonna have to say it again.
• 10:00
  This is not financial advice. As I already told you yesterday,
• 10:04
  I will not apologizing for being bullish, OK?
• 10:07
  I, I, I don't take back my bullishness.
• 10:09
  I might not be right or no, I am right.
• 10:12
  I might just not be right now. OK.
• 10:15
  So it's going to happen soon in my opinion anyways, as you can
• 10:19
  see you know 10 billion in shorts will be liquidated
• 10:22
  currently as of today or as of yesterday at 100K.
• 10:26
  So it looks like everyone is watching that 100K kind of
• 10:31
  number. I've been talking with Luke and
• 10:34
  our kind of number is 107. If we can get around 107 then I
• 10:38
  think we're fully back. Obviously we might pull back a
• 10:41
  little bit. I am kind of seeing an lower
• 10:44
  high trend building around that 80K to 90K range that we
• 10:49
  currently kind of bounce off of. So this is where your attention
• 10:55
  should be or you know, just come hang out with us and and I'll
• 10:57
  just keep you updated on this. Now more interesting stuff,
• 11:01
  which I think really goes into the larger trend of what's going
• 11:05
  on in the economy in the macro picture is what's happening with
• 11:11
  with Trump and Jerome Powell. Now, I'm sure you know, I, I
• 11:16
  know a lot of Bitcoiners are like, look, I got into Bitcoin,
• 11:18
  so I didn't have to care what, what the, you know, head of the
• 11:21
  Fed said. But as you can tell, there is a
• 11:24
  battle going on right now from Treasury versus the Fed
• 11:29
  currently. And Trump came out again and,
• 11:32
  you know, started to really, really triple, quadruple.
• 11:36
  I don't even know how many times he's dunked on Jay Powell this
• 11:38
  year, but continue to call him incompetent and a real dope.
• 11:43
  You know, too late. Powell, etcetera, etcetera,
• 11:45
  etcetera. And the reason I'm bringing this
• 11:47
  up is because we know what Trump wants.
• 11:51
  They've been very adamant. They projected this, Mark Moss
• 11:56
  and even the Trump administration have been calling
• 11:58
  it and and mean form the Mar a Lago Accords, which is
• 12:02
  essentially they want lower interest rates.
• 12:04
  They want to inject liquidity into the system, which from our
• 12:08
  perspective essentially is they got to destroy the purchasing
• 12:11
  power of the dollar to keep interest rates low so that more
• 12:15
  people want to take out debt so that free money comes back on
• 12:18
  the table. They've been telegraphing this.
• 12:20
  They've been telling you what they're going to do.
• 12:22
  Now I know a lot of people would probably take this clip.
• 12:25
  Or just this headline and be like, it's Trump who's the
• 12:28
  incompetent 1. I think they're both probably
• 12:31
  incompetent at this point. You know, Full disclosure, I
• 12:33
  think they're probably both pretty incompetent at this
• 12:35
  point, but. Another interesting thing did
• 12:38
  come out last night and I was making the case about about this
• 12:42
  the other day, how we might be seeing a very bullish setup for
• 12:46
  the new head of the Fed or new Federal Reserve board member.
• 12:51
  And it is of course, the old Coed base advisor.
• 12:54
  He seems to have become the leader.
• 12:57
  He the the most likely candidate, the but the potential
• 13:00
  candidate for replacing Jay Powell.
• 13:02
  So I'm going to play that clip real quick.
• 13:05
  It's a short clip, but I think I think Trump might have just
• 13:09
  leaked that he is going to be the next Fed chair.
• 13:13
  So let's watch that real quick. It's super short.
• 13:15
  Being it's a great group and I guess a potential fed chair is
• 13:21
  here too. I don't know we allowed to say
• 13:24
  that potential. He's a respected person that I
• 13:28
  can tell you. Thank you, Kevin.
• 13:31
  Yo, hey, Loki. He's still kind of got it, guys.
• 13:34
  He's still kind of got it. He's still the funniest.
• 13:37
  Guy ever again, this guy's that the new potential fed chair, at
• 13:40
  least he he kind of really rised in the poll numbers the the
• 13:45
  prediction markets. He seems to be the favorite
• 13:48
  right now and he is an ex Coinbase advisor.
• 13:51
  Now I'm not saying that you know he's going to come out here and
• 13:56
  be like pro crypto pro Bitcoin gonna add Bitcoin to the balance
• 14:00
  sheet. That's not what I'm I'm saying
• 14:01
  because we did see something similar happened with Gary
• 14:04
  Gensler. Everyone was very happy about
• 14:07
  Gary Gensler becoming the SEC head.
• 14:09
  Turns out, you know, even though I was making the case that he
• 14:12
  did seem to be a Bitcoin maxi, he dragged his feet like he
• 14:17
  taught a course at MIT on Bitcoin and blockchain.
• 14:20
  He goes in you know who knows who was really behind the scenes
• 14:24
  pulling the strings, but he wasn't that kind of pro Bitcoin.
• 14:29
  He was actually very conservative, but he did launch
• 14:33
  the Bitcoin ETF. So after enough public pressure
• 14:37
  from the markets, from the yeah, basically the markets because he
• 14:41
  was he was there during Biden and stuff, he finally released a
• 14:44
  Bitcoin ETF. So I'm not saying that without a
• 14:47
  doubt, 100% guaranteed that when Kevin Hassett comes in, ex
• 14:51
  Coinbase advisor, that he is going to do everything that's
• 14:55
  going to be beneficial for Bitcoin.
• 14:57
  But what I do know will happen, especially if Trump is saying
• 15:02
  this favorable things about him, that he will follow along on the
• 15:07
  Trump kind of administration. What they want to do, and that
• 15:13
  is again, they want to lower interest rates and they want to
• 15:16
  inject liquidity into the system.
• 15:19
  The essentially there's only two routes that any government in
• 15:23
  the modern world or most first world governments that they can
• 15:26
  really do. They can either lower interest
• 15:28
  rates or they destroy the purchasing power of the dollar
• 15:31
  or their local currency. Those are the only two moves
• 15:34
  they have. This is why we always say the
• 15:35
  big print is coming. Nothing stops his train.
• 15:38
  They have to continue to inject liquidity.
• 15:40
  They can't essentially inject liquidity and then raise rates
• 15:44
  because that's going to cause even more havoc.
• 15:46
  Though interesting tidbit, it does seem like Japan is on the
• 15:50
  verge of doing that. So we might be seeing a lot more
• 15:54
  volatility in the markets. We might be seeing some havoc
• 15:57
  before the end of the year. Things are getting crazy out
• 16:01
  there in macro. Now.
• 16:02
  What other interesting tidbit? It depends how you look at this
• 16:06
  one. I'm not going to play the clip
• 16:07
  and there was an interesting Jim Cramer clip going around.
• 16:10
  I really don't even know what to make of this sound bite.
• 16:14
  But you can see here, Jim Cramer just went on CNBC.
• 16:19
  It was yesterday and he goes, Michael Saylor is not to be
• 16:21
  trifled with. He will do whatever is
• 16:23
  necessary. He is the Malcolm X of Bitcoin
• 16:26
  by any means necessary. Sorry he will defeat the shorts
• 16:30
  part of me. Oh sorry guys.
• 16:31
  Part of me is like damn did Sailor just get Jim Cramer to
• 16:35
  fast? Like it might be over for MSTR,
• 16:38
  it might be completely cooked. When Jim Cramer comes out and
• 16:41
  says I am pro Sailor, I am pro strategy.
• 16:45
  In my opinion, it's probably not a good thing.
• 16:49
  It's probably not looking so hot for strategy right now.
• 16:53
  But I do like Alex's take on this and this does kind of I
• 16:57
  think lead into what is going on in the markets.
• 17:00
  Again, I really do believe that what we're seeing from Wall
• 17:06
  Street right now is they are trying to position themselves in
• 17:09
  Bitcoin. Now someone yesterday was asking
• 17:12
  me, OK, like I thought you can't control Bitcoin.
• 17:14
  How are they able to manipulate the price?
• 17:17
  Like how are they able to do this?
• 17:19
  Well, as I covered a minute ago, you know, they they seek and
• 17:23
  destroy the longs and the shorts.
• 17:24
  Therefore you might see some cascading liquidation.
• 17:28
  Also, these guys are essentially the unlimited money guys, so
• 17:32
  they can pay market makers to sell Bitcoin, to buy Bitcoin and
• 17:37
  then they'll give them a payment so that they can essentially,
• 17:40
  you know, buy back their bags if it is a short, etcetera.
• 17:43
  So I do think there is some shenanigans going on with the
• 17:46
  price currently. Obviously in the short term they
• 17:48
  can do this. In the long term, I don't think
• 17:50
  they're capable to really control the price.
• 17:53
  But you got to remember Bitcoin is, I don't even think we're
• 17:56
  back in the $2 trillion market cap.
• 17:58
  It's essentially, you know, an unregulated stock at this point.
• 18:03
  And if you don't think they play that Wall Street plays games
• 18:06
  with stocks, you really don't know how things work out.
• 18:09
  Everything. If they find themselves to have
• 18:12
  some kind of leverage, some kind of attack vector, they will
• 18:17
  battle it out on Wall Street. This is where the wars happen.
• 18:21
  It is true finances, as Simon Dixon always says, you know, the
• 18:24
  proof of weapons network, It all happens in the financial
• 18:27
  industrial complex. So here is Alex's tweet though
• 18:31
  and he goes, sure looks like the bags are filled and Wall Street
• 18:34
  is signaling it's time for the pump.
• 18:36
  All Stars align could get wild now.
• 18:39
  I think that is an interesting take here because I think what a
• 18:44
  lot of people misunderstand about Jim Cramer is I think he
• 18:48
  is the mouthpiece for the institutions.
• 18:51
  I think that's why he's had such a prominent role.
• 18:54
  I think that's why the inverse Kramer effect holds so true is
• 18:58
  because when he says something, it's either you do the opposite
• 19:01
  or it's exactly what these, you know, big heads at these
• 19:05
  institutions want him to say. They either want exit liquidity
• 19:08
  or they're signalling to the market that it's go time.
• 19:12
  I don't know if Alex is right. I don't know if it's go time,
• 19:15
  but if this is the case, then of course we've already bought them
• 19:20
  is what I'm trying to say. That's what I'm trying to say.
• 19:22
  Now, going a little further, I am going to kind of, you know, I
• 19:26
  know you guys like some of you like the chart bowling, some of
• 19:28
  you kind of make fun of it, but this one is pretty interesting.
• 19:32
  And again, I'm making the case that 81K80K, maybe 85 K was the
• 19:37
  absolute bottom. Here is someone retweeting check
• 19:41
  on check you guys know checkmatey he does on chain
• 19:44
  analytics and he goes Bitcoin is firming up after potentially
• 19:48
  putting in a bottom at the true market mean of 801K remarkable
• 19:53
  bottoms take time, but I'd be watching 95K in the short term
• 19:56
  Hodler cost basis, which is 104 K as the next key levels and you
• 20:01
  can see here it bounced perfectly off this true bean
• 20:05
  price at 81 K so look. I know I'm AI, know I confirm my
• 20:10
  bias here. I know I am bullish.
• 20:12
  I tell you upfront constantly that I think this is not over.
• 20:17
  It makes no sense to me to see the institutions coming now and
• 20:21
  essentially not back up the freaking, you know, garbage
• 20:26
  truck right now, unload Fiat into the market, set their
• 20:29
  products now. Can't just let it RIP.
• 20:33
  It reminds me of what I've been calling the billionaire Fudd
• 20:35
  playbook forever. So if this holds up true, I do
• 20:39
  think we could potentially, you know, retrace a little bit.
• 20:42
  But you can almost see here, you know, you see this some lower
• 20:45
  highs. So it could come back down if it
• 20:48
  keeps doing kind of something like that.
• 20:50
  Guys, I don't know, it's hard not to be bullish right now.
• 20:54
  Now just to wrap up this segment and then, you know, kind of
• 20:57
  expand a little bit more. I really like this guy's Twitter
• 21:01
  account right now. I think he's got a lot of alpha
• 21:03
  right now. I really don't know where he
• 21:04
  came from. He just kind of popped up on my
• 21:07
  Twitter account, you know, under 10K, under 10K followers, but he
• 21:12
  has been making a lot of really good points.
• 21:15
  I again, I don't know, he just popped up on my Twitter timeline
• 21:18
  like about a week ago and he makes a lot of sense.
• 21:22
  And again, I, I just, I, I believe the science when it
• 21:25
  confirms my bias. OK, I'm very open about that.
• 21:30
  Anyways, he goes, I have not. I've never seen a more bullish
• 21:33
  setup for Bitcoin in my 10 plus years of being a Bitcoiner.
• 21:36
  Despite this, price action has been incredibly underwhelming,
• 21:40
  which makes this all the more interesting.
• 21:42
  Within a week we've had news of Texas becoming the first US
• 21:45
  state to buy Bitcoin and Vanguard allowing clients to
• 21:48
  access access to Bitcoin ETF. If this happened in 2017 or
• 21:52
  2021, it would have been the biggest news piece of that cycle
• 21:57
  and enough to shift market sentiment significantly,
• 22:00
  followed by a massive move in the Bitcoin price.
• 22:02
  But now we are getting bullish news after bullish news after
• 22:06
  bullish news and barely anyone airs.
• 22:09
  I can't help but imagine that this is all going to come home
• 22:12
  to roost and in 2026 we're going to see Bitcoin roar like it's
• 22:15
  never roared before. Demand from the institutions,
• 22:18
  the ETF, the nation stage, Bitcoin treasury companies is
• 22:21
  only going to increase next year, and coupled with the
• 22:24
  substantial regulatory progress being made, it all feels
• 22:28
  inevitable. Then you've got the ending of QT
• 22:31
  by the and interest rates coming down and the setup is looking
• 22:34
  incredible. What a time to be alive and
• 22:36
  feeling very great. Grateful I get to be on this
• 22:39
  Bitcoin lifeboat. This is kind of my thesis right
• 22:43
  now. Again, what I am seeing is every
• 22:48
  sign is telling us liquidity is coming back on the table, not
• 22:51
  just a little bit of liquidity like bazooka tsunamis of
• 22:55
  liquidity coming in. We have all the interest from
• 22:57
  institutions and I don't even like institutions.
• 23:00
  I believe you should just be buying Bitcoin and spot and
• 23:03
  taking it into self custody. But I don't know if you guys
• 23:06
  followed Eric Balkunis's tweets. Yeah, the boomers are loving
• 23:10
  Bitcoin through the ETF right now.
• 23:11
  The boomers are holding it down while retail is panicking.
• 23:15
  The boomers that bought the ETF, they are stacking right now.
• 23:19
  So the narrative, the understanding, maybe the
• 23:22
  asymmetric knowledge around what Bitcoin is in the in the current
• 23:25
  moment, I think it's starting to spread.
• 23:28
  All that is making me feel like, you know, this 80K.
• 23:33
  It did seem like a controlled crash coming from Wall Street
• 23:37
  magnets. Essentially, you know, every big
• 23:40
  news story from Wall Street in the last couple of weeks has
• 23:44
  aligned up perfectly with Bitcoin crashing.
• 23:47
  JP Morgan came out a tax strategy.
• 23:50
  Basically the very next day they launched their own structured
• 23:53
  note Bitcoin product. And then what we just saw the
• 23:56
  beginning of the week, Vanguard announces that they're going to
• 24:01
  let their clients buy Bitcoin. Bitcoin dips on that very same
• 24:04
  day. And then the following day it
• 24:05
  just absolutely rips. Like you can't tell me that that
• 24:08
  this isn't happening in a controlled fashion right now.
• 24:11
  It just it it goes contrary to everything I believe now I do
• 24:15
  believe that no one can control Bitcoin on the protocol level,
• 24:18
  but if you have all the money in the world, then you're
• 24:21
  definitely able to kind of whipsaw the market however you
• 24:25
  wish so that you can get a good position.
• 24:28
  This is Wall Street games and as Frank Corbett was kind of
• 24:31
  saying, we are at the big boys table now, which means look, as
• 24:35
  much as I, I love all of my friends out here, everyone on
• 24:39
  Bitcoin Twitter, we are no longer in control.
• 24:42
  Retail does not drive Bitcoin anymore.
• 24:44
  It is being driven by institutions.
• 24:46
  We are literally just a tail on the dog at this point.
• 24:49
  We just have to huddle, stack more Bitcoin and enjoy the ride.
• 24:53
  At this point, I would not be trading my Bitcoin.
• 24:56
  I would not be trying to top time tops and bottoms currently
• 25:00
  because as I've been kind of making the case for the last
• 25:03
  couple of weeks, I think the big Black Swan we are seeing
• 25:06
  currently is going to come from the institutions.
• 25:09
  I think we've seen a lot of black Swans throughout this
• 25:11
  whole year, but the next Black Swan I think could be just
• 25:15
  pumping this up up into the moon.
• 25:18
  I think that this is what is going on currently.
• 25:23
  Oh, it looks like it looks like niko's here.
• 25:26
  Oh, he doesn't have his computer.
• 25:27
  All right, all right, he'll he'll be here for the next
• 25:29
  segment. So guys, this is my bowl case
• 25:33
  now you know we're not going to we don't need Niko here because
• 25:35
  we don't need no bearishness on on today's intro segment.
• 25:38
  So I'm going to jump straight into the culture or sorry, the
• 25:43
  numbers for today. But before I do that, let's talk
• 25:47
  about the boys over at Bitcoin. Well, it is the best place to
• 25:50
  buy your Bitcoin. If you are looking at this kind
• 25:53
  of set up currently and you think it's the bottom, then you
• 25:57
  need to set up ADC. And the reason we love Bitcoin,
• 25:59
  Well is because they have never lost Bitcoin.
• 26:01
  They will never lose Bitcoin because they never hold your
• 26:04
  Bitcoin. The Bitcoin goes directly into
• 26:07
  your cold storage once your Fiat clears.
• 26:09
  This is the best way to get your Bitcoin now if you are on the
• 26:12
  sidelines with dollars, get in touch with the Infinite Well
• 26:16
  team and you can buy $50,000 of Bitcoin or more at a time.
• 26:20
  Smash buy guys. Capitulate your feel instantly,
• 26:23
  not feel. This is not financial advice.
• 26:25
  You should not be holding on to dollars right now.
• 26:27
  Well, maybe you should if you think it's a bear market, if you
• 26:29
  listen to Nico, maybe you should hold on some dollars, but OK.
• 26:36
  Oh, and Rick showed up too. Perfect timing.
• 26:38
  OK guys. So we'll be back in a minute.
• 26:41
  We are hearing some interesting stuff coming out of the SEC
• 26:44
  Chair Atkins. And then we got some new nation
• 26:47
  state news stuff guys coming out of Europe.
• 26:50
  And then we're going to chill and hang out with our boy Rick
• 26:53
  from Crypto Cloaks. So we'll be right back after
• 26:55
  this commercial break, and we'll keep the show going.
• 27:05
  I want to give a shout out to our partner Stamp seed.
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• 28:17
  All righty then guys, we are back and shouts out to Rick from
• 28:21
  Crypto Cloaks with us. Nico's here as well.
• 28:25
  All right, stop. Stop, dude.
• 28:28
  This guy's a child when it comes to the soundboard, OK anyways,
• 28:31
  anyways, the current Bitcoin price is $93,490.00 which is a
• 28:36
  -25 or 25.9% discount on the Bitcoin all the time.
• 28:40
  High market cap is currently at 1.87 trillion and the block
• 28:45
  height is 926,301. OK guys.
• 28:50
  So kind of continuing on what I was just telling you about some
• 28:55
  of the things that are making me feel pretty bullish right now.
• 28:59
  You know me, I'm not the biggest on regulatory clarity.
• 29:02
  I to be honest, I think it's probably going to do more harm
• 29:05
  than good. But if, if this is what gives
• 29:08
  investors confidence into coming into Bitcoin, then I'm totally
• 29:11
  with it. Let's hear this clip and then
• 29:12
  we'll chat about it. That's a threw in the president
• 29:15
  for signing that bill. And now, you know, there's
• 29:18
  market structure bill that's going through the Clarity Act
• 29:22
  that was passed by the House. And so that we'll see where that
• 29:26
  goes in Congress. And so I'm hoping that they'll
• 29:29
  be able to to get that through. But in the meantime, we and the
• 29:34
  CFTC will be an RDR, you know, actively working on harmonizing
• 29:40
  our two systems. So it is a bit of a change from
• 29:44
  what we heard from Gary Ginsler. Now, I don't know if you guys
• 29:46
  saw the recent clip, but Gary Ginsler was just on TV.
• 29:50
  He seems to have gone full Bitcoin maxi once again.
• 29:54
  He's still like Bitcoin is a speculation, but if you're going
• 29:56
  to speculate, like don't buy any of that other shit, just buy
• 30:00
  Bitcoin. So I am vindicated once again,
• 30:03
  Gary Ginsler is a Bitcoin maxi. He just kind of wasn't asked
• 30:06
  when he wasn't. Dead at the SEC.
• 30:09
  Or maybe he just got pressure. From well, I know I've said
• 30:12
  that, I've said that. But I will say this.
• 30:14
  Wow, wow. Nico cope, Nico cope.
• 30:17
  I, I, I will. Say this first of all I'm happy
• 30:19
  I could make the show dude. I had like these crazy calls
• 30:22
  that were happening before but I couldn't miss the show because
• 30:26
  our boy Rick is here. Rick has been getting flooded
• 30:29
  with every, every single day, 5-6 emails a day, every single
• 30:37
  simply Bitcoin invitation for the next 6 months has been
• 30:41
  hitting Rick's inbox. I don't know how that's been
• 30:43
  happening, Jacob, but yeah, hopefully it's not happening.
• 30:48
  Yeah, Rick was telling me he's like, yo, I have am I at the
• 30:51
  right time? Because I have like 47 freaking
• 30:53
  emails from you guys. Hopefully that's fixed.
• 30:56
  Sorry about that Rick. I don't know what the hell is
• 30:58
  happening, but dude, welcome to the show.
• 31:02
  Ho ho, ho, ho ho. You're very festive.
• 31:06
  I mean, you got to be, man. It's the Christmas bonanza.
• 31:08
  It's here. Christmas bonanza's here we got
• 31:11
  Rick from crypto cloaks in the house and we're going to be
• 31:15
  telling you more about the Christmas bonanza during the
• 31:17
  culture segment. But going back to your point,
• 31:21
  listen the. Only.
• 31:22
  Regulation I give a flying F about is.
• 31:26
  Please say what I think you're going to say.
• 31:29
  Let's go, let's go. That that's really what I care
• 31:33
  about like 0 cap gains on Bitcoin.
• 31:36
  Like yes, you should have the the the the minimus.
• 31:40
  That's like. Ah dude, they should just
• 31:41
  unleash. It let me use it however I want.
• 31:44
  I know, but they should have like an exemption, right at
• 31:47
  first because Bitcoin is money, and then eventually get rid of
• 31:52
  capital gains tax altogether. I mean, this isn't too much of A
• 31:56
  stretch. Trump said yesterday in one of
• 31:59
  his press conferences that he wants to get rid of income tax,
• 32:03
  that he's very confident he's getting rid of income tax
• 32:05
  altogether. Right.
• 32:07
  Hey look, I love the rhetoric. So I'd like to.
• 32:10
  See some follow through. I don't know if that's like
• 32:12
  politically feasible or viable. Yeah, I doubt it, but I'm with
• 32:16
  it. But I'm with it.
• 32:18
  But I'm with it exactly. So anyways, we got, we got our
• 32:23
  boy crypto cloaks in the house. We go so back with crypto cloaks
• 32:29
  from the early days, from the trenches of 20/16/2017, where we
• 32:35
  were just talking on every I've I've been on.
• 32:39
  Phone dude, do not disturb mode. Do not disturb Phone off.
• 32:43
  Bro, I mean. I just, I do, I've been, I'm I,
• 32:46
  dude, I have to wear so many hats these days, man.
• 32:49
  It's it's. Crazy I go from it.
• 32:51
  I go only hat you need is a Santa hat.
• 32:54
  I go from CEO mode to accounting mode to host mode and I don't
• 33:00
  know, my brain goes crazy but. Dude, do not put it.
• 33:04
  On do not disturb. I don't know what's happening.
• 33:06
  Anyways, back to going back to Rick.
• 33:08
  Rick and I go so far back. He was in the trenches with us
• 33:13
  back in 20/17/2018. Where this dream of his that's
• 33:17
  right behind him. You guys can.
• 33:19
  See it on camera, you guys can see that it's a mess.
• 33:22
  This dream of his which is build a.
• 33:24
  Company. Building a company of 3D
• 33:27
  printing, at that point, it was just a dream.
• 33:31
  Like this channel is just a dream we had.
• 33:33
  We had this dream in our heads, like let's start a Bitcoin media
• 33:36
  company. Why the hell did we do that?
• 33:38
  Yeah, we should have picked a better.
• 33:40
  Then Rick was like, hey, I want to start a 3D printing, you
• 33:44
  know, company and boom, look at that.
• 33:47
  I think one of the printers behind him says subscribe to
• 33:50
  simply Bitcoin if it's the sign is still there.
• 33:52
  It's like back here, this rack, there's like 2 racks here.
• 33:56
  I think you guys are like over here on the bottom shelf, like
• 33:59
  right behind this display cabinet.
• 34:01
  Damn, we're on the bottom shelf. That was like.
• 34:03
  Literally, I know. One of that was like Rick's like
• 34:05
  one of one of his first printers.
• 34:07
  Was that right? So like we I the reason I'm
• 34:10
  bringing all this up is Rick came out of the hood at the same
• 34:14
  time we did came. Out of the hood.
• 34:19
  At the same time we did, we came out of the crypto trenches and
• 34:24
  we've managed old. Days man, the good old crap and
• 34:28
  bro I, I can't imagine nowadays. At least the good old days had
• 34:32
  effing volatility, bro. At least the price went up and
• 34:35
  it went down and it did things, you know, like now it's like we
• 34:40
  won regulatory excitement. You know, we're cheer Opti's
• 34:44
  cheering on the Genius Act and the Clarity Act and.
• 34:48
  All these things that's happening.
• 34:53
  And like all these, like positive developments are
• 34:56
  happening, but simultaneously. Simultaneously the best part of
• 35:01
  Bitcoin, which is number go up, has been completely gone.
• 35:07
  It's gone. I don't even know.
• 35:09
  First off, that's not the best part about Bitcoin.
• 35:11
  I'm just going to put that out. Though OK, what's the best part
• 35:13
  about? Bitcoin NGNGU is pretty cool,
• 35:15
  but like the freedom money and like fuck the government is
• 35:18
  definitely number one. I'll tell you that right now.
• 35:20
  Like it's just like not having to deal with a bank and just
• 35:26
  sending it to whoever the hell you want around the world.
• 35:28
  That's number one. Let's be honest.
• 35:30
  OK, number go up is pretty cool. We all want that in the long
• 35:33
  term. But short term, I mean fuck you
• 35:36
  money baby. Well, well, I'm glad you said
• 35:38
  that because I, I, dude, I need, I need, I need a freaking, I
• 35:45
  need AI, need AI need like a wall here.
• 35:47
  Like I'm going to build a wall so Nico can't touch my
• 35:50
  soundboard. Anyways.
• 35:52
  Anyways, anyways, enough of that, Nick.
• 35:55
  Sorry, Rick, since you've been in the trenches with us, I, I
• 35:59
  know Nico's take on, you know, regulatory clarity.
• 36:03
  What is your take on all that 'cause I think about any of it,
• 36:06
  Yeah, I think. Yours and mine are a little
• 36:08
  closer. Why?
• 36:09
  Why the hell do I ever care what the government tells us, what we
• 36:12
  can and cannot do? With Bitcoin.
• 36:14
  If you ever start caring about that, you've lost the fucking
• 36:17
  plot. I'm just gonna put that out
• 36:18
  there. You've lost it.
• 36:19
  We don't care. We don't care.
• 36:23
  I don't have any. We're going this is back.
• 36:26
  This is 2018, baby. This is 2018.
• 36:28
  We're bringing back the 2018 vibes.
• 36:31
  Get rid of all this paper Bitcoin crap.
• 36:33
  We're going back to like just Bitcoin and cypherpunks.
• 36:36
  That's where that's where it matters.
• 36:38
  Bitcoin cypherpunks. Whales dumping, exchanges
• 36:42
  collapsing, Giant massive ICO rug pulls.
• 36:47
  Yeah. Well, I mean, is that really a
• 36:49
  throwback? It's like what's going on now?
• 36:50
  Bitcoin volatility. 50% down in a day.
• 36:54
  Do you guys remember those days? That shit was that.
• 36:56
  That was amazing. That was.
• 36:57
  Amazing. Yeah, it was amazing.
• 37:01
  I I honestly feel bad for like the new classes because a lot of
• 37:04
  like people kind of lost telling them get your own node, put your
• 37:08
  Bitcoin on a frickin cold storage, get the hell out.
• 37:11
  We got to bring that shit back. I don't see that enough to be
• 37:13
  honest, and we need to bring that back.
• 37:15
  We do need to bring that back. Oh man, while we're talking
• 37:18
  Opti, you wanna hold it down? I do wanna bring.
• 37:20
  I wanna, I wanna, I wanna, I wanna bring the first mic, the
• 37:24
  1st. Oh, yeah.
• 37:24
  Yeah, yeah, yeah. And Rick?
• 37:26
  Actually printed the case, yeah. It's in the.
• 37:27
  It's in the other room. Yeah, I.
• 37:29
  Can still got it. Yeah, he actually has it.
• 37:33
  It's in his living room. It's like, it's like right smack
• 37:36
  dab center in the living room, man.
• 37:38
  So hell yeah, dude. Yeah, it was like the old days.
• 37:42
  Yeah, it was the old one. That's when he had the really
• 37:43
  bad mic too. And now, now we got these nice
• 37:46
  ones. He's we've upgraded a little.
• 37:48
  Bit I mean, I don't know if you noticed we kind of.
• 37:50
  Like built the studio, all the studio now, yeah.
• 37:51
  We kind of built the studio. Now and like legit.
• 37:54
  Well, I don't know. I don't know about all that.
• 37:56
  I, I don't know about all that. We, you know, we try, we, we, we
• 37:59
  pretend. We pretend we're good pretenders
• 38:04
  here. Anyways, I, I do have one more
• 38:06
  question. You know, things have changed a
• 38:10
  lot in the last I know when we were in the trenches 2018, you
• 38:15
  know, when we all kind of linked up for a while, things have
• 38:18
  changed a lot. And I know you said get back to
• 38:20
  kind of the the root and the ethos here, but do you do you
• 38:24
  really think things have changed?
• 38:25
  Wait, no, just put it on you. Let's.
• 38:27
  There you go, look at it. That's OG baby.
• 38:31
  I love that one. This is.
• 38:33
  This is the. First you should show them like
• 38:35
  what it's like we're. Going to make you a new one for
• 38:38
  your current one just for. Fun this is the first simply
• 38:41
  Bitcoin mic ever from the very early days of the show.
• 38:46
  It's a Yeti mic, right? Which I thought was so good and
• 38:52
  I'm. Rocking right?
• 38:53
  Now look at this kid. And, and, and Rick was kind
• 38:59
  enough to make me this 3D printed housing for it, which
• 39:03
  was so it is bad. It's I'm so proud of this.
• 39:07
  I have this in my living room. I love it man.
• 39:09
  'Cause it. Hold on to that man.
• 39:10
  You got to remind, you got to, you got to remember the, the
• 39:13
  old, the. Early Remember where you came
• 39:15
  from. You got to remember where you
• 39:16
  came from 'cause if not, you know what's all this about,
• 39:19
  right? But yeah, ever since then we've
• 39:22
  we've upgraded just a tad, just a little bit, just a little bit.
• 39:27
  But yeah, I mean, I love that attitude, man.
• 39:30
  I love that attitude of like, it is, it is a, it is a throwback.
• 39:34
  It is like throwing back. You know that like Cypherpunk, I
• 39:39
  don't really give to FS. Well, that is so big.
• 39:43
  There we go. Let's this is good.
• 39:44
  This is a good frame that like look, I don't really give an F,
• 39:50
  you know, this is about freedom money.
• 39:51
  This is about a revolution. This is about the separation of
• 39:55
  money and state this side. I was hilarious.
• 39:58
  It's. Bringing back that attitude bro,
• 40:00
  'cause I this was this was the the year, excuse me, of of paper
• 40:04
  Bitcoin summer. This was the year of like
• 40:07
  institutions. This was the year of ETFs.
• 40:11
  And I think a lot of the lessons from the past have been
• 40:14
  forgotten, like people have gotten comfortable, you know,
• 40:18
  that we have. I'm not gonna name any names.
• 40:20
  A lot of these people are my friends.
• 40:22
  But a lot of these people, you know, I, I've.
• 40:25
  These people crazy I've. Heard, I've heard the I've heard
• 40:28
  them say, I've heard them say I'm gonna sell all my Bitcoin so
• 40:31
  I could just get some ETFs 'cause it's more convenient.
• 40:33
  Do it more Bitcoin for me baby. So yeah, I mean, man, this is
• 40:40
  the good old days, bro. This is the good old days.
• 40:42
  Yeah, Niko's become a boomer Rick bro, you you she's a.
• 40:45
  Fool, am I close to boomer status now?
• 40:47
  I mean. I am AI, am a boomer, but Niko's
• 40:49
  really a Bitcoin boomer. Bro, it's it's things have
• 40:53
  changed. Bitcoin has grown up.
• 40:55
  You know Who's Niko? Wants us to wear suits now,
• 40:58
  dude. The only reason I'm wearing a
• 40:59
  suit is because it's a Christmas banana.
• 41:01
  The only reason we do we. Do wear suits sometimes.
• 41:05
  Hey, I like a good suit, but we do wear.
• 41:07
  Can't make me wear a suit every day.
• 41:08
  Anyways. Anyway, let's keep the show
• 41:10
  going. We'll, we'll shoot the shit
• 41:11
  towards you. Yeah, like wear mid show just.
• 41:14
  Shoot, yeah, we're just rambling, Yeah.
• 41:16
  We're we're shooting the shit mid show anyways guys.
• 41:18
  We'll be right back. One more commercial break for
• 41:20
  the news. There is some nation state stuff
• 41:22
  going on. It's pretty interesting coming
• 41:23
  out of Europe. I've been saying for a while,
• 41:25
  Europe is a freaking cook. But hey, there's some signs of
• 41:28
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  Off I set out the important stuff.
• 44:43
  I set the important stuff all right anyways.
• 44:44
  Anyways, anyways. I think in an interesting kind
• 44:48
  of twist of fate of what we're seeing coming out of Europe,
• 44:51
  we've been covering what's going on with Europe.
• 44:52
  They've been attacking Bitcoin. Obviously the UK is not
• 44:55
  necessarily the EU, but I think this is kind of a a trend that
• 45:00
  I'm sort of seeing that a lot of people are moving away from the
• 45:03
  EU Mika laws. And of course we know it.
• 45:05
  Christine Lagarde been saying the ECB has been saying they are
• 45:08
  going, you know, head first into a CDC.
• 45:11
  But it seems like some countries obviously not in the European
• 45:15
  Union per se, but in Europe and they are, I think breaking away
• 45:20
  from the EU Mika law. So here's the first one.
• 45:23
  UK passes law formally recognizing crypto as property.
• 45:27
  The property digital assets ET etcetera act received royal
• 45:31
  assent on Tuesday, the final step of an act becoming law
• 45:35
  after being passed by the UK Parliament.
• 45:37
  Now here's probably where it gets a little interesting.
• 45:40
  The ACT approved by King Charles on Tuesday was designed to
• 45:44
  modernize property law to take account of digital assets.
• 45:47
  Obviously, property fell into one of two categories, things in
• 45:50
  possession, such as physical objects, and things in action,
• 45:53
  such as debt. The law establishes 1/3 category
• 45:56
  that includes digital assets such as you know, cryptos and
• 46:00
  NFTS anyways, this one this quote here is probably you know,
• 46:05
  I, I'd say it's a good step, obviously not perfect.
• 46:08
  It almost kind of gets them in line to where the US is
• 46:10
  obviously we want to push EU s s view on Bitcoin a lot further,
• 46:15
  but it it's you know they're making some moves so quote by
• 46:18
  recognizing digital assets in law, the UK is giving consumers
• 46:21
  clear ownership right stronger protections and the ability to
• 46:24
  recover assets lost through theft or fraud.
• 46:26
  So, you know, we're here to protect the customer, yadda,
• 46:29
  yadda, yadda. But it is kind of a move away
• 46:32
  from the EU Mika laws. Of course, the UK is not
• 46:34
  necessarily in the EU, but as everyone kind of knows, the EU,
• 46:40
  Christine Lagarde, ECB, what's, what's the other one, Vanderlein
• 46:43
  or whatever. They, they think they own the
• 46:45
  monopoly on what goes on in EU. They they kind of feel like they
• 46:48
  are the culture trend setters. And now it looks like people are
• 46:51
  moving away from that. And now a little more
• 46:53
  specifically regarding to the EU, the Polish president vetoes
• 46:57
  law regulating crypto asset markets.
• 46:58
  And this was in direct contract to the EU Mika laws.
• 47:02
  So President Caro Naraki has vetoed a bill that would have
• 47:06
  introduced regulation of the crypto assets market in Poland,
• 47:09
  bringing the country in line with EU rules, particularly the
• 47:13
  EU's Mika law. The government argued that the
• 47:15
  measures were necessary to protect consumers and ensure
• 47:17
  that Poland benefits from the market.
• 47:19
  But Naraki, who is aligned with the opposition, says that they
• 47:22
  in fact, quote, pose a real threat to the freedoms of Poles
• 47:25
  and the stability of the state. Now, I don't really agree with
• 47:28
  the, the stability of the state part, but it, it is posing a
• 47:31
  real threat on, on your freedoms out there.
• 47:34
  Like they're, they say we're here to protect the consumer.
• 47:36
  That's what the EU Mika laws are kind of really framed as.
• 47:40
  But when you really, you know, dive deep into it, it's probably
• 47:43
  going to do more damage than good anyways.
• 47:45
  The Polish bill would have designated the Financial
• 47:47
  Supervision Authority as a body body responsible for overseeing
• 47:51
  the crypto asset market. Firms operating the industry
• 47:53
  would be required to submit information on their activities
• 47:56
  to the KNF, which would be empowered to impose sanctions if
• 47:59
  necessary. The bill would also have
• 48:01
  introduced criminal liability for offenses relating to crypto
• 48:04
  assets, the government argued, as well as bringing Poland in
• 48:07
  line with EU rules. The measures were necessary to
• 48:09
  protect consumers. Finance Ministry data indicates
• 48:12
  that 18% of Poles have experience investing in crypto
• 48:16
  assets and around 1/5 of them have fallen victim to fraud or
• 48:19
  abuse. And then, of course, here is
• 48:23
  what the president said. It then passed to Naraki, who is
• 48:26
  aligned with the opposition and regularly exercised his rights
• 48:29
  to veto bills. Deputy Finance Minister Jurand
• 48:32
  Drop, who led work on the crypto assets bill, appealed to Naraki
• 48:36
  to sign it into law. He warned that the EU's Mika
• 48:38
  regulation requires member states to designate an authority
• 48:43
  to oversee the crypto market. If Poland does not do that, by
• 48:46
  July 1st 2026, crypto firms would not be able to register in
• 48:52
  Poland and would instead move to other EU countries.
• 48:55
  And of course, that would mean fines, etcetera, etcetera.
• 48:57
  However, stop on Monday evening, the rocky Chancellor.
• 49:02
  Stop dude, Monday. See the disrespect guys?
• 49:06
  I I let him do stuff and I run the show and he's freaking.
• 49:09
  A. Child in a candy store anyways.
• 49:11
  However, on Monday evening, the Rockies chancellor announced
• 49:15
  that the president had decided to veto the bill as he believes
• 49:18
  it quote posed a real threat to the freedoms of polls, their
• 49:21
  property and the stability of the state.
• 49:24
  The president expressed concern, for example, that the law would
• 49:26
  have allowed the government to disable the websites of
• 49:29
  cryptocurrency companies with a single click.
• 49:32
  His office argued that the regulations regarding domain
• 49:35
  blocking are opaque and potentially open to abuse.
• 49:38
  So, you know, here's the last quote, which I think is probably
• 49:41
  like, hey, shouts out to the Polish president.
• 49:44
  Here he goes, quote over regulation is a surefire way to
• 49:47
  push companies abroad instead of creating the conditions for them
• 49:50
  to earn and pay taxes in Poland. Obviously that last part's like,
• 49:52
  whatever, but I totally agree with that.
• 49:55
  And that's kind of what I'm. What I've been saying about what
• 49:58
  the SEC chair Atkins is saying a lot of.
• 50:01
  Yeah, this is Opti's show. Let's.
• 50:03
  Kick him out of here. No, no.
• 50:04
  He's done. Get get him out of here.
• 50:06
  No, I actually do need you 'cause you're more political.
• 50:11
  I, I, I am very much afraid of over regulation.
• 50:13
  It might sound good, but as, as I like to say, and I'm sure Rick
• 50:17
  is right there along with me, you know, politicians are gonna
• 50:21
  politic. And usually they're just here to
• 50:23
  create new laws, new hurdles to jump over.
• 50:26
  It's literally their job. That's what they do.
• 50:29
  So I am a little bit kind of fearful of over regulation.
• 50:32
  So shouts out to the Polish president for, you know, very
• 50:35
  vocally saying this and of course, breaking away from the
• 50:38
  EU Mika laws. They're absolutely horrible.
• 50:41
  I know Christine Lagarde really wants it.
• 50:42
  The ECB wants it. That Vander Land crazy lady
• 50:45
  wants it too, allegedly or I, I don't know how to say that
• 50:48
  nicely, but you know, solid, honestly, some solid moves
• 50:53
  coming out of the EU. Shouts out to the Polish and
• 50:55
  shouts out to Great Britain, even though I have been very
• 51:00
  harsh on the Europeans lately. You know I will praise them when
• 51:04
  something good happened. Anyways, let's go to Rick
• 51:07
  because we're tired of Nico messing with this stuff.
• 51:11
  Rick, what's your thoughts? Have you been following along
• 51:12
  with what's going on in Europe? It's.
• 51:14
  Been. Low key, very cooked.
• 51:16
  If it, if it has to deal with regulations and shit, I just
• 51:19
  don't care. I watch it as I watch it as more
• 51:22
  as the government's just trying to finagle their ways to steal
• 51:26
  your Bitcoin in different ways. If they're going to make it
• 51:28
  property, guess what? The government now can just take
• 51:30
  your property. I mean, it's fucking bullshit.
• 51:32
  So screw any government that calls it.
• 51:35
  Also, I saw the chat was worried about swearing.
• 51:38
  Welcome to my life. I don't have a filter.
• 51:40
  That's just what I do. So apologies for swearing in the
• 51:43
  future. But yeah, I don't apologize for
• 51:47
  the pads. I don't apologize for the pads.
• 51:50
  That's just how it is. But no, I I hate regulations.
• 51:53
  Like we need less and everybody that pushes for more.
• 51:56
  I mean, I'll say it again. You lost the plot of what
• 51:59
  Bitcoin truly is. We don't need governments to
• 52:01
  help us outrun Bitcoin. We have plebs and all of us that
• 52:04
  are doing it without them so. And here's the bearish
• 52:08
  contrarian take. Go, Nico.
• 52:11
  Yeah, I think regulations make the world safer.
• 52:15
  I, I think, I think, you know, a, a carbon tax makes total
• 52:18
  sense. And you know, it may like bro,
• 52:21
  like, like think about it for a second.
• 52:23
  Like, you know, it's totally makes sense, bro.
• 52:26
  Like they can fly private jets and they can go anywhere they
• 52:29
  want, right? And you know they can, they can
• 52:32
  go on with these giant motorcades with like 50.
• 52:35
  I feel so much safer now. 50 vehicles, you know, but for the
• 52:38
  rest of us like the peasants, they we do need carbon tax and
• 52:43
  carbon carbon credits because if not like you know what dangerous
• 52:46
  freedom is bro, Like too much freedom is too dangerous, you
• 52:50
  know. Yeah, and what about the roads?
• 52:52
  And the roads, right? So exactly like, you know, like
• 52:57
  it, it's it, this is all for your own safety.
• 52:59
  Like, look, at the end of the day, guys, you have to
• 53:01
  understand you're gonna own nothing and be happy.
• 53:03
  And like, that's just the reality of the future.
• 53:06
  And you know, Bitcoin is dangerous.
• 53:08
  Bitcoin's a very, very dangerous tool.
• 53:12
  We can't really explain why it's dangerous, but it is dangerous.
• 53:16
  And for the safety of Europe, you know, we do need a digital
• 53:19
  euro, you know, because without a digital euro, you know, like
• 53:23
  how will Europe maintain its sovereignty, right?
• 53:26
  Like that's, that's my opinion on all this, you know, so.
• 53:29
  Nailed it. Wait, I you messed with my
• 53:34
  thing? Oh, you get to use the
• 53:36
  soundboard, but I don't. Yeah, because I have skills.
• 53:39
  I I I use it tactfully. Not in the beginning.
• 53:42
  This ain't the beginning, we're like 5 years into this.
• 53:46
  All right, all right, anyway, Anyways, but.
• 53:48
  Let's let's keep it moving because we'll bullshit with
• 53:50
  Rick. We're going to talk about what?
• 53:52
  What? Do you?
• 53:54
  Real real. Oh, oh, the real take.
• 53:55
  Real bit real bit, real bit for a second.
• 53:59
  I think the part that like kind of sticks out to me the most is,
• 54:05
  yeah, we shouldn't be celebrating that They're
• 54:07
  designating it as property. They're designating it as
• 54:09
  property so they can take it away from you.
• 54:11
  Exactly. People don't freaking understand
• 54:14
  that. Like that, that's literally why
• 54:15
  they're designating it as property, so they can literally
• 54:18
  say OK, this is your property and we're legally entitled to
• 54:22
  taking away. Your they're basically just
• 54:23
  going to make like eminent domain for all your other shits,
• 54:27
  yes, good luck. I'm 100% convinced like this is
• 54:31
  the same country, no offense. That is like jailing me, jailing
• 54:33
  people for Facebook. Posts for memes.
• 54:36
  For memes, literally. So I just forgive me if I'm
• 54:40
  skeptical. Forgive me if I'm skeptical.
• 54:45
  You just gotta hate the government more, not less.
• 54:46
  Yeah. You know, it's interesting that
• 54:48
  you're more skeptical of the EU than you are of the US when
• 54:52
  they're basically bringing it up.
• 54:53
  The reason the. Reason I'm not the reason I'm
• 54:56
  I'm not as skeptical as the US because the US has the 1st
• 55:00
  Amendment, the 2nd Amendment and like it.
• 55:03
  Just like good luck, we have guns.
• 55:06
  You know, some people in the US have been arrested for memes.
• 55:09
  We have the right No, but it it's different because it did
• 55:12
  it. OK, OK, it's different because
• 55:15
  it's like, here's the cope. OK, so did those memes, did
• 55:20
  those memes call call to action violence?
• 55:24
  Right. Like, I don't know, I can't
• 55:25
  clarify. Because I don't know, because if
• 55:27
  it was, if it was just a political opinion meme, like
• 55:30
  it's that you're totally entitled to do that in the US.
• 55:33
  Well, someone fact checked this. I mean that's literally what the
• 55:37
  1st? Now I agree, but I'm just.
• 55:38
  Saying I think, I think they were just political opinions,
• 55:41
  but I could be wrong. I could be wrong Anyway.
• 55:43
  Anyway, and and here's some of this.
• 55:45
  But like, but like, that's the what that's what makes me so
• 55:48
  bullish on the US. So like they can play all these
• 55:50
  like shenanigans that inherently makes government stronger and
• 55:54
  bigger and more centralized. They could play all those games,
• 55:57
  but as long as the first and Second Amendment keep doing what
• 56:00
  the 1st and 2nd amendment do best, even in certain states
• 56:04
  that like completely disregard the 1st and 2nd amendment, it's
• 56:08
  great because they it creates an opportunity for the states that
• 56:11
  do like the first and Second Amendment.
• 56:13
  So like there's always this like competitive nature between the
• 56:16
  States and I think it's created the most free market, if you can
• 56:21
  call it that, but that's. The bold term, Sir.
• 56:25
  Exactly right. You can't really have a free
• 56:27
  market with a central bank. That's my opinion, all right,
• 56:30
  but it's created the most free market, you know, economy in the
• 56:35
  world. And despite all the
• 56:36
  manipulation, the manipulation of the, you know, and the power
• 56:40
  of central government and the central government, you know,
• 56:43
  getting involved in people's lives in the central bank,
• 56:45
  debasing their currency. Despite all of that, you still
• 56:49
  have somewhat of a free market in the US, right, which is
• 56:52
  great. Like if you're an entrepreneur,
• 56:54
  you want to move here, like good luck starting a business in
• 56:57
  Europe. Like good luck.
• 56:58
  Like if you're if you're, if you're, if you're a small
• 57:02
  business owner in Europe, like good luck.
• 57:05
  You know, like I think me and Opti would have been arrested by
• 57:08
  now. And I don't know if.
• 57:09
  The big facts. And I don't know if Rick would
• 57:11
  have been able to do his thing right.
• 57:13
  So, like, I am grateful. I am grateful for the US, for
• 57:16
  for, for giving, you know, for your, for giving us that
• 57:18
  opportunity. Someone in the Times says time
• 57:22
  to go feed the goats and weep off the weep.
• 57:25
  Weep off the solar panels. Lol Nico still thinks the.
• 57:29
  Prostitution still applies. I think it totally it totally
• 57:33
  does apply to some extent. Just never get black pilled
• 57:36
  baby. That's what they want.
• 57:37
  Don't ever get black pilled. Stay.
• 57:39
  It totally. Does.
• 57:40
  Apply. That's a solution.
• 57:44
  Leave England. OK, all right, let's, let's keep
• 57:47
  it moving. All right, let's let's pull a
• 57:48
  shit with the Rick. Yeah, we'll be ready.
• 57:49
  To talk to Rick during the culture.
• 57:53
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• 59:56
  I just thought, yeah, that was a bad joke.
• 59:58
  Also I'd just like to say the chat was hilarious or like look
• 1:00:01
  how old Nico goes. And I'm just like well Nico has
• 1:00:04
  a kid now. Welcome to the life of.
• 1:00:05
  Kid Nico's a bald. Man, they age you, man, but it's
• 1:00:09
  worth it. Yeah, exactly.
• 1:00:11
  Yeah, Nico and Nico I guess forgot he had another meeting.
• 1:00:14
  So it's Rick and I, We'll be shooting this shit towards the
• 1:00:16
  end. But before we do all that, Rick,
• 1:00:19
  I did see this funny post. I I don't know if we want to
• 1:00:22
  play the video that you posted. Wait.
• 1:00:26
  Oh. God, I'll.
• 1:00:28
  Just. Show it.
• 1:00:29
  I'll just show it. So the reason we got Rick on
• 1:00:33
  today besides just, you know, shooting the shit with him, he
• 1:00:36
  is doing the Christmas bonanza once again, guys, you're on what
• 1:00:42
  day three currently? And I'll, I'll let you give
• 1:00:46
  everyone the details and stuff, but hey.
• 1:00:48
  If you've been stacking sets and you wanted to simply Bitcoin
• 1:00:52
  hoodie. Then you're gonna have to keep
• 1:00:54
  your eyes out on this one. So Rick, here's the floor.
• 1:00:56
  You take it. Let the people know you know
• 1:00:59
  what they can win and how they can get involved.
• 1:01:02
  Yeah. So we do Christmas bonanza every
• 1:01:04
  year. We've done it.
• 1:01:05
  This is our third year. This year we have like $27,000
• 1:01:09
  worth of prizes that we're giving out.
• 1:01:11
  Oh, you want to play the video? I was just going to play the
• 1:01:14
  background. All right, so this year we have
• 1:01:16
  $27,000 for the prizes from 40 plus different companies.
• 1:01:20
  Don't worry about the cringe. I fucking hate that.
• 1:01:22
  I hate seeing myself on video but I was like I have to do it
• 1:01:25
  because people donated so much stuff this year.
• 1:01:27
  I could literally run through the 40 plus companies that went
• 1:01:31
  through. I'll try to talk really fast
• 1:01:34
  just to give them a shout out because it is important.
• 1:01:36
  It wasn't just me, it was all these guys donating stuff.
• 1:01:38
  So we got the legend Berg shield folio LFGO cypherpunk cinema
• 1:01:42
  Delgados fuego altair technology soap miner shamari stampsi
• 1:01:46
  panics for Bitcoin case of the simplest Bitcoin book penny lane
• 1:01:49
  Mopar mining for Florida golden tallow punch plate seed vault
• 1:01:52
  pleb underground the Bitcoin Diaries proof of ink one key the
• 1:01:55
  public board cold card Bitcoin Manor simply Bitcoin you guys
• 1:01:58
  with your hoodies. Avoid Bitcoin cards us sidor BCC
• 1:02:02
  pins, no way signs, brains, block string, jade Bitcoin
• 1:02:05
  mining life or ASIC repair parts row 121 full Bitcoin Gobert
• 1:02:09
  Steven Park statue magazine high society start and I bit brand
• 1:02:12
  advanced crypto services plebsource crypto tag, Bitcoin
• 1:02:15
  caps, block trot nectar and node and Cinco de ranch.
• 1:02:18
  So like that's that's all the companies that donated to this
• 1:02:22
  entire thing. So what we do is we have 4 big
• 1:02:24
  bundles every week. We do a little competition on on
• 1:02:28
  Monday. We release it and we tell you
• 1:02:30
  what you have to do to enter. On Friday.
• 1:02:31
  We'll pick the four winners and you'll win a bunch of stuff.
• 1:02:34
  The the big bundles bundled 9 through 12.
• 1:02:37
  There's like 4 grand worth of stuff in there.
• 1:02:40
  Like this? What kind of?
• 1:02:41
  Scam is this the best part is we've been we've been doing this
• 1:02:44
  for three. There is no scam you literally
• 1:02:46
  we're literally just giving back to the community after all the
• 1:02:49
  support for the years there is there is no scam.
• 1:02:52
  All the all these companies donated stuff and I ship it out.
• 1:02:55
  And then since we had so much stuff this year, I've been doing
• 1:02:58
  daily giveaways with like random stuff.
• 1:03:00
  So you could and right now we might as well give something out
• 1:03:03
  too because we have so much stuff.
• 1:03:04
  So I figured why? How how we gonna do that though?
• 1:03:06
  I don't know, can you? Can you pick a random person
• 1:03:08
  from chat? Do you have like an easy way to
• 1:03:10
  do that? No, I don't think I do.
• 1:03:12
  Jesus. I'm gonna just hear it.
• 1:03:14
  This is how we'll do it. Maybe they say something from
• 1:03:18
  from here on out guys here I'm going to drop A1 here in the
• 1:03:22
  chat or no, we're going to do I'm going to do a line here,
• 1:03:25
  everything under this line. Rick will pick something out and
• 1:03:29
  then we'll get in touch with you guys, whoever he picks.
• 1:03:32
  So you know, just we'll let it ride a little bit because I'm
• 1:03:35
  biased. I know everyone in the chat so
• 1:03:37
  it won't be as fair. You pick a number and I'll pick
• 1:03:40
  on the comments once, once we go in like.
• 1:03:42
  Five, OK, couple minutes. OK, there we go.
• 1:03:45
  I think that's the easiest way to do it.
• 1:03:46
  Yeah. I didn't know how we're going to
• 1:03:47
  do this. And I I threw it away.
• 1:03:48
  I don't. Know, but we we should have
• 1:03:49
  picked that one. Out you're going to win a UASF
• 1:03:52
  hat and then a little Bitcoin ornament from no way signs
• 1:03:56
  because we have we have so much extra, so I figured we might as
• 1:03:59
  well give something out, right? Why not?
• 1:04:00
  OK. All right.
• 1:04:02
  So you said pick a number. I'm going to let it roll a
• 1:04:04
  little bit. Let me see.
• 1:04:05
  Am I going to pick a good number?
• 1:04:07
  I don't know. You see?
• 1:04:09
  Yeah, Yeah. OK, so I let me.
• 1:04:14
  I know. I can't look.
• 1:04:15
  I can't look. Don't even look they're they're
• 1:04:17
  still coming in. So you just got to pick.
• 1:04:20
  Actually, we we got to do we're going to do 21.
• 1:04:22
  So 21st comment after my line. We'll, we'll get the we'll get
• 1:04:30
  the the gift here free. Gift Chef Tommy.
• 1:04:33
  Chef Tommy, 20. 1. OK, there you go.
• 1:04:38
  We're going with that one. The channel is moving so fast
• 1:04:40
  and I started counting so. I guess DMEDME on Twitter or DMD
• 1:04:47
  simply Bitcoin account. I don't know how I'm going to
• 1:04:50
  confirm it. Chef Tommy.
• 1:04:51
  Actually I will be able to chef. Tommy, you're going to have to
• 1:04:54
  tell me one of those delicious meals that you make, and I know
• 1:04:58
  it's you because he he's always dropping really good meals in
• 1:05:01
  the chat and making me hungry. So I'll do I think the simply
• 1:05:05
  Bitcoin DMS are are open, so don't do the simply Bitcoin and
• 1:05:09
  then I'll, I'll make sure we verify and we'll, you know,
• 1:05:11
  communicate of how to get you guys this stuff.
• 1:05:14
  So I'll. Get you that stuff.
• 1:05:15
  Yeah, awesome. OK.
• 1:05:16
  So, Rick. How do they play?
• 1:05:19
  How? How do they win these?
• 1:05:21
  From the the the main kind of giveaway, like what?
• 1:05:24
  What is the process? Yeah.
• 1:05:25
  Yeah, So what happens? I think it's like it's just like
• 1:05:27
  and reply and follow the official list.
• 1:05:29
  There's a list of like the 40 plus companies.
• 1:05:31
  Make sure you're following every single one of them.
• 1:05:33
  It's the least that I can have happen because these guys all
• 1:05:37
  donated, some donated like thousands of dollars worth of
• 1:05:39
  stuff. There is $10,000 worth of
• 1:05:43
  Bitcoin trading cards. There's like full sets of like
• 1:05:45
  season 3, the limited edition, like one out of 210 card
• 1:05:49
  collections, the full set. So we're talking a lot of money
• 1:05:52
  and I just want to make sure they get their value.
• 1:05:53
  So follow the official Christmas bonanza list.
• 1:05:57
  And no this isn't a scam. I do this every year and I
• 1:05:59
  actually send stuff out so like. Yeah, no, he does.
• 1:06:03
  Can't we? Just give stuff back.
• 1:06:04
  Can't. Confirm.
• 1:06:05
  It is a little different this year 'cause last couple of times
• 1:06:09
  it was every day a new product. Now you're doing just bundles.
• 1:06:12
  So someone's gonna get hooked up, or a couple of people are
• 1:06:15
  gonna get hooked up with a package.
• 1:06:17
  So like Satoshi Christmas, they're different.
• 1:06:19
  The fast foundations thing they do every day like a new company.
• 1:06:22
  Yeah, we do. Ours we're like 4-4 bundles and
• 1:06:24
  it's like huge. And you can go to
• 1:06:27
  christmasbonanza.com and you can see all the individual bundles.
• 1:06:30
  I put them all out there and you can see everyone in there and
• 1:06:32
  it'll give you like a whole bunch of stuff.
• 1:06:34
  That's Christmas bonanza.com. OK, let me, I'll pull that up.
• 1:06:38
  If you bring it up, maybe it gives people a better.
• 1:06:41
  But. I'm here just to like make sure
• 1:06:44
  people get entered because I'm just giving stuff away and I
• 1:06:47
  want to make sure there we go, we get as many as possible.
• 1:06:49
  So here we go. I'll drop this guys in the chat
• 1:06:52
  if you guys want to, you know, win a bundle for Christmas.
• 1:06:58
  Sorry I I didn't share it. What's going on here?
• 1:07:01
  That's all good. There it is all right that is
• 1:07:03
  what it looks like guys I dropped it in the chat you know
• 1:07:07
  shouts out to Rick shouts out to crypto clerk shouts out to
• 1:07:09
  everyone that participated in it we did we did send some hoodies
• 1:07:13
  to you so you guys will get some I mean if you win if you're.
• 1:07:17
  If we're in one of the bundles, I don't even know what you guys
• 1:07:19
  are doing I. Scroll down.
• 1:07:21
  Scroll down you'll. See it?
• 1:07:21
  Let's see. Go through all the Go through
• 1:07:24
  all this, keep going, keep going.
• 1:07:26
  Keep going. Yeah, keep going.
• 1:07:27
  Keep going. This is the full list that I
• 1:07:29
  read off of like everybody that donated.
• 1:07:31
  Here we go. So there we go.
• 1:07:32
  These are all the bundles of all the stuff you're gonna you could
• 1:07:34
  win. And did you give any out yet or
• 1:07:36
  is it still no? So like this is week 1, so
• 1:07:39
  there's four weeks of four bundles.
• 1:07:41
  So all the 1st 4 bundles are all stuff that you can win.
• 1:07:45
  All you have to do is go find the official Christmas Bonanza
• 1:07:47
  post to do what we say. Like it's here.
• 1:07:49
  Yeah, actually, I, I had, I still have it here.
• 1:07:52
  I think this is the official one.
• 1:07:54
  Is it the one? The one I just was playing with.
• 1:07:56
  Yeah, yeah, that one. Yeah here you go guys I'm making
• 1:07:59
  it easier for you guys 'cause I know you guys are lazy.
• 1:08:04
  There you guys go it's in the YouTube and the rumble.
• 1:08:06
  Sorry Primal guys, I I literally don't know how to talk to you
• 1:08:10
  guys over there so. It'll be OK, we'll do some stuff
• 1:08:13
  on Noster because Noster's their own thing.
• 1:08:17
  Yeah, get some. Winners over there.
• 1:08:19
  But man, dude, these are some bundles.
• 1:08:22
  Yeah, look at the big, it's ridiculous.
• 1:08:24
  The big bundles, there's a 3D printer, you can literally win a
• 1:08:26
  3D printer and our filament and like full on hardware wallets,
• 1:08:30
  bit X touch nodes, Bitcoin miners, everything is up for
• 1:08:35
  grabs over the next 4 weeks. Dude, you want that bundle 12
• 1:08:39
  right there. 12:00 You got a 3D printer.
• 1:08:42
  You can start your journey. Welcome. 3D printed.
• 1:08:45
  Is that that's the one you guys are using?
• 1:08:46
  Huh. The bamboo lab still.
• 1:08:47
  Yeah, that's like the A1 mini. So those are like the a very
• 1:08:50
  good starter printer for 200 bucks.
• 1:08:52
  We run like the $600.00 models in the back.
• 1:08:55
  But OK, yeah. There's your hoodie.
• 1:08:57
  There's the go, There's a hoodie bundle 11 Wait, how long are
• 1:09:03
  you? You doing multiple bundles a
• 1:09:05
  week? Yeah, So there's 4 bundles for
• 1:09:07
  four weeks. OK.
• 1:09:09
  So much, I have so much stuff that I'm just like kind of
• 1:09:12
  yellowing it and just giving stuff away.
• 1:09:13
  But we're doing our four big bundles.
• 1:09:15
  But then on a daily basis, we're just doing have like side
• 1:09:17
  challenges, that's why. Maybe you guys want bundle 16
• 1:09:22
  here? Is this another 3D printer?
• 1:09:23
  Oh no, it's a void bit. That's a void bit bit X cases
• 1:09:26
  their whole racking. System which is OK.
• 1:09:29
  Yeah, like every, every bundle comes with a $50 fold gift card.
• 1:09:32
  I mean, there's ton, there's so much stuff that it's ridiculous.
• 1:09:34
  Yeah, it's a lot, dude. Wow, well let's hope some of you
• 1:09:40
  guys in the chat get it. Someone says I I just want to
• 1:09:43
  win Sats. Well, you can.
• 1:09:45
  You can win $50.00 worth of sats if you win the bundle thanks to
• 1:09:49
  full. Let's go.
• 1:09:51
  Oh man. Well.
• 1:09:53
  That's why I'm here. Happy, Happy Christmas to
• 1:09:56
  everyone. Happy Christmas to you, Rick.
• 1:09:58
  Hey, Merry Christmas to you man. That's why I'm here.
• 1:10:00
  I'm here to just chill the bonanza 'cause I love giving
• 1:10:02
  stuff away for December. I look forward to it every year
• 1:10:05
  and this year is the biggest. Yeah, it's it's wild.
• 1:10:08
  We almost tripled what we had last year.
• 1:10:11
  Let's go. That's awesome, man Yeah, it's,
• 1:10:14
  it's pretty amazing. Like I, I've seen it grow and
• 1:10:17
  this one's like, these are some bundles, these are some packages
• 1:10:20
  like you're, you're getting, you know, a really tight package
• 1:10:24
  coming to you if you win, so. There's there's basically self
• 1:10:27
  sovereignty in like the four big bundles.
• 1:10:28
  You're going to get a hardware wallet, a Bitcoin node and or a
• 1:10:32
  3D printer. That's tight.
• 1:10:35
  That's super tight, man. Well, you know, we everyone gets
• 1:10:39
  mad at us because usually the culture is like me ranting or
• 1:10:42
  we're shilling something. Best part is I don't even care.
• 1:10:46
  You don't have to shill anything.
• 1:10:47
  Yeah, you don't have to shill anything.
• 1:10:49
  It's just. If you want to, if you want to
• 1:10:51
  enter, you can. If you want to win a bundle, I
• 1:10:52
  don't care. I'm just giving stuff out.
• 1:10:54
  And if you don't want to enter, that's.
• 1:10:56
  Wait, I'm getting trolled because I said Happy Christmas
• 1:10:58
  instead of Merry Christmas? I'm sorry, guys.
• 1:11:01
  Sorry. Merry Christmas.
• 1:11:03
  Merry Christmas. Merry Christmas.
• 1:11:04
  Yeah, maybe I was doing Happy Holidays and Merry Christmas in
• 1:11:07
  one. Merry Christmas.
• 1:11:08
  I'm not. I'm not ashamed to say Merry
• 1:11:10
  Christmas. I love Christmas.
• 1:11:12
  Christmas is my favorite time of the year.
• 1:11:15
  It's not as cool as when you're an adult, though, I'll tell you
• 1:11:17
  that much. All right, All right, I'm
• 1:11:19
  getting roasted. OK.
• 1:11:20
  I think it's time to end because I said Happy Christmas instead
• 1:11:23
  of Merry Christmas. I think that's it.
• 1:11:24
  All right, guys, you know. Go fuck yourselves, all right?
• 1:11:28
  That's all I have to say. But no, Rick, seriously man,
• 1:11:31
  this is awesome. I hope some of our audience win.
• 1:11:33
  So guys, actually, Rick, say it one more time 'cause I know they
• 1:11:37
  have hearing problems here. They don't like to listen to us.
• 1:11:40
  So one more time, how can they win these packages and when does
• 1:11:46
  it end? So this week's bundle, I pick a
• 1:11:49
  winner on Friday and there's, and there's four bundles this
• 1:11:51
  week. But every week we'll have 4
• 1:11:53
  bundles on a daily basis. We also release like mini
• 1:11:57
  bundles. I just randomly pick the extra
• 1:11:59
  stuff and put it together. But yeah, Christmas bonanza.com
• 1:12:03
  or just follow us on Twitter and then look at all the official
• 1:12:05
  lists. We, we have a ton of stuff and
• 1:12:07
  we're just giving it away because I wouldn't be here if it
• 1:12:09
  wasn't for the community back in the day building my company.
• 1:12:11
  So I always love giving it back this time of year.
• 1:12:14
  That's the least I can do. Yeah, that's it.
• 1:12:17
  Follow me on Twitter. Oh wait, Nika's coming back, I
• 1:12:20
  guess. I guess Nika wants to come back.
• 1:12:22
  Yeah, let's come back, all right.
• 1:12:25
  Dude, I think you kick. I think you kicked the we're
• 1:12:28
  good, we're good. I think you kicked the the
• 1:12:30
  Ethernet dude. You did.
• 1:12:31
  You're you're. Yeah, yeah, it kicked.
• 1:12:33
  It kicked me off for a little bit.
• 1:12:34
  Does it? It's very pixelated right now
• 1:12:37
  are. We having issues now.
• 1:12:40
  Yeah, I think we're having issues.
• 1:12:43
  Yo, what's up dude? I can hear you, your quality is
• 1:12:47
  a little bit down but maybe it has to reset after kicking it.
• 1:12:49
  Yeah, yeah, yeah. I think.
• 1:12:51
  Hold on, Let me see. What's up dude?
• 1:12:53
  How are you, Rick? Welcome.
• 1:12:54
  Back. Yeah, we are a little pixelated.
• 1:12:57
  Dude literally got, it's just, it's been a crazy day, but I'm
• 1:13:02
  super happy you're here, dude, and I'm excited that you're
• 1:13:07
  having another bonanza. How many bonanzas is this?
• 1:13:10
  This is third year man It's ridiculous.
• 1:13:13
  I think the first year is like $2000 worth of stuff.
• 1:13:15
  Last year was 10,000 and this year's like 27 so.
• 1:13:18
  That's crazy bro. It's getting wild and I love it.
• 1:13:20
  Next year, we're going to do it again.
• 1:13:22
  That's so crazy. That's so crazy.
• 1:13:25
  Any what could you say? Which one of the packages are
• 1:13:29
  your favorites? My favorites, the big bundles,
• 1:13:32
  the one with the 3D printer in it.
• 1:13:34
  The big bundles, I, I basically included every single company
• 1:13:37
  that donated. I made sure that they got into
• 1:13:40
  the big bundles. So I mean, there's there's 3D
• 1:13:43
  printers, there's notes, there's there's hardware wallets,
• 1:13:48
  there's LED Matrix systems. You got your guys's hoodie in
• 1:13:51
  there. I mean, there's everything and
• 1:13:53
  it's wild. All the bundles are good, but
• 1:13:55
  obviously the big bundles are going to be better because
• 1:13:57
  there's just a ton of stuff in there.
• 1:13:59
  But yeah, I mean, even our daily giveaways, we're giving out a
• 1:14:02
  bunch of stuff, so. So dude, what made you like what
• 1:14:06
  was the original inspiration for this the first year you did it?
• 1:14:10
  I'm giving back to the community because I seriously like, I
• 1:14:12
  wouldn't be here if it wasn't for everybody that supported me
• 1:14:15
  through the nine years I've been building.
• 1:14:16
  So it's it's the little thing that I can do to give back.
• 1:14:21
  And every year keeps getting bigger and I'm pretty jacked
• 1:14:23
  about it. Dude, Ben, are we that old?
• 1:14:27
  Have we aged that much bro? It's been 9 years.
• 1:14:30
  I mean, I what is it, 9 years? Yeah, my company's been around
• 1:14:32
  for nine years now. So yeah, we're getting old, man.
• 1:14:35
  That's crazy, man. Well, like yesterday when we
• 1:14:37
  were you're young bucks. And people were calling you old
• 1:14:42
  after the. Last, yeah, yeah, they're like
• 1:14:44
  you can look younger on the ads and see has really aged them.
• 1:14:47
  And I was just like, well, that's just kids, but that's the
• 1:14:49
  best part. You're young bucks, you know,
• 1:14:53
  taking the bike, bicycles around the hood, you know, in the
• 1:14:57
  trenches. Hood.
• 1:14:59
  And the and the and the and the and the discord and the discord
• 1:15:03
  hood Bitcoin kindergarten. Surfer Jim, Let's go throwback.
• 1:15:08
  If you know, you know. If you know Surfer.
• 1:15:10
  Jim's only on Noster now, isn't he?
• 1:15:12
  I haven't. Seen No, I think he's on
• 1:15:14
  Twitter. He hasn't really been tweeting
• 1:15:15
  much. I I've seen him post a little
• 1:15:16
  bit on Twitter. I think he pops in and yells at
• 1:15:19
  someone like get off my get off my lawn type stuff, but makes
• 1:15:23
  sense. Wow.
• 1:15:24
  It's been, it's been a long time, it's been a long time, but
• 1:15:28
  it's good to see you, Rick. Hey you too.
• 1:15:30
  Thanks for. Having you got to come on the
• 1:15:31
  show more often guys go to cryptocloaks.com got your best
• 1:15:36
  3D printed crypto No why crypto Bitcoin related.
• 1:15:42
  Bitcoin related stuff I I will never bend the knee and get rid
• 1:15:46
  of the crypto name just because shit coiners try to take over.
• 1:15:50
  Never gonna have it man. Cryptographic for life.
• 1:15:52
  Let's go. Go to cryptocloaks.com and also
• 1:15:58
  what else? Check out the Christmas bonanza.
• 1:16:03
  It's gonna be happening all this month.
• 1:16:05
  Crypt, Crypt. Rick is gonna be giving away.
• 1:16:08
  It's been a long day, guys. I'm sorry.
• 1:16:10
  Rick's gonna be giving away. It's like what, 2?
• 1:16:12
  O'clock over. There, dude, you don't
• 1:16:13
  understand. I've been in, I've been in
• 1:16:14
  meetings since like 6:00 AM and then so Rick's gonna be giving
• 1:16:19
  away stuff all month long. It's gonna be awesome.
• 1:16:24
  So go follow the Crypto Cloaks account on X here.
• 1:16:29
  Again, let me. Let me.
• 1:16:31
  I'll. I'll drop everything in the chat
• 1:16:33
  one more time for you guys. OK, here you go.
• 1:16:37
  Here you go. Well, seriously.
• 1:16:38
  Thanks for having me on for allowing me to show my bonanza.
• 1:16:41
  Yeah, allowing you to, allowing you to scam the audience by
• 1:16:44
  giving them things. I know there's a lot of fake ass
• 1:16:50
  shit on on X, but this is not like I've never done that.
• 1:16:53
  I never will if if I do a giveaway, you're gonna get
• 1:16:57
  something. This is this is crap on Nico day
• 1:17:01
  'cause every every other chat is just Nico Nico, Nico, Nico, Nico
• 1:17:07
  go take a nap or something. All right, all right, I will
• 1:17:10
  fine. I'm going to go take a nap, I
• 1:17:11
  will. Take that advice anyways, guys.
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