Latest / Simply Bitcoin / $1T Bank Predicts $135K Bitcoin NEXT WEEK?! (But Not For The Reasons You Think) | EP 1346
Transcript
- 0:00A massive $1 trillion bank just made another bombshell Bitcoin
- 0:05prediction for 2025, and honestly, it's got a lot of
- 0:09people confused. A The bank isn't the only giant
- 0:14that has come out incredibly bullish on Bitcoin this week.
- 0:17But before we get there, let's play this Michael Saylor clip
- 0:21that's blowing up the Internet. For our company, if we were to
- 0:27ever get to 5% of the network, the networks going to be at
- 0:30least $1,000,000 a coin. If we were to go beyond it, it's
- 0:34going to 10 million a coin. So when we get to 7% of the
- 0:39network, if we do and Bitcoin is $10 million a coin and a Black
- 0:44Rock keeps up with us, that means 85% of the network, right?
- 0:50And you're going to be talking about $200 trillion.
- 0:54So you're going to have $170 trillion that will flow to the
- 1:00individuals. So they're not exactly getting
- 1:03crowded out, right? If if anything, what you've got
- 1:08is the corporations are all engines turning the flywheel of
- 1:15the Bitcoin economy. Every single company, every
- 1:18Bitcoin treasury company the capitalizes on Bitcoin is like
- 1:23attaching a motor to the network.
- 1:27And every time that company buys $50 million worth of Bitcoin,
- 1:32they spend that drive shaft one turn.
- 1:36That's one day's natural supply, right?
- 1:39And, and so the more companies that come on, whether it's
- 1:42BlackRock or whether it's strategy or whether it's
- 1:44Metaplanet or whether it's 21 or whether it's BSTR, you know, or
- 1:50whether it's similar, you know, whoever it might be, each one of
- 1:54them is firing up a motor. All of the motors are are
- 1:59powering up the network. If you're an individual and you
- 2:04believe in Bitcoin, you buy the Bitcoin, you cold storage the
- 2:07Bitcoin, and you let all the companies power up the network.
- 2:13You heard it there, the man said.
- 2:15All cylinders are firing up. But of course I am not alone.
- 2:19Today I have the great Chris Alemo Co hosting with me.
- 2:24How's it going Sophie? Happy to be here.
- 2:26I'm happy to have you here because I've never hosted the
- 2:29show. This is my first time.
- 2:31So if you'd like me to host the show more, smash the like
- 2:34button, send the show to your friends, we're going to get
- 2:37started. Michael Saylor talking about
- 2:41more institutions, more companies getting into Bitcoin.
- 2:47There's been a lot of bullish news around this, especially
- 2:50with people, companies saying that it's actually better to
- 2:55start holding Bitcoin on the balance sheet versus cash.
- 3:00Chris, do you have any thoughts on that?
- 3:02Yeah. I mean, this is kind of like the
- 3:04Bitcoin thesis playing out as we know, like Bitcoin is the
- 3:07hardest and best form of money there is.
- 3:09I know Michael Saylor was talking about the $170 trillion
- 3:11that's moving into the asset through corporations.
- 3:13I know that Greg Foss and a lot of bond traders have talked
- 3:17about negative yielding bonds, about 126 trillion in negative
- 3:21yielding bonds. So, you know, why would I lend
- 3:24the government or governments or corporations, you know, money at
- 3:27four or five 6%? Let's just say when I know that
- 3:30the real inflation or the real CPI is way higher than those
- 3:33returns. So basically it's like, hey, I'm
- 3:35going to loan you 100 bucks and you're going to guarantee that
- 3:37you're going to pay me back $9798 in purchasing power.
- 3:40I know it's kind of hard for people to grasp the concept
- 3:42because nominally it's like, Oh well, I lend, I lent you 100
- 3:45bucks and you're going to get me back $105 nominally.
- 3:48But that $105 only buys you $98 worth of goods or $97.00 worth
- 3:52of these are obviously, you know, things that can be debated
- 3:55depending on what you're assuming the inflation rate is.
- 3:57Obviously depending on your circumstance.
- 3:59You know, inflation is kind of a vector.
- 4:00That's a famous Michael Saylor quote.
- 4:02But it's also very dependent. The inflation rate of a, of a
- 4:05young man living in his mother's basement that only buys pizza,
- 4:08that remains the same cost is inflation rate 0.
- 4:10But if you're trying to get into the housing market, if you're
- 4:12having kids, kids are getting more expensive.
- 4:14If you're trying to save up for, you know, the stock market,
- 4:17let's just say you're investing in the stock market.
- 4:19The stock market's getting more and more expensive.
- 4:20But we see Bitcoin as a fair and distributed way to retain retain
- 4:24your earnings and save your purchasing power, obviously.
- 4:28Absolutely, Chris, I, you know, it's, I love the point that you
- 4:31made. It's not just the institutions
- 4:33that are feeling bullish about Bitcoin.
- 4:35I think regular households are starting to see the returns of
- 4:41Bitcoin and storing your wealth in a harder asset.
- 4:44And that brings me to my next topic.
- 4:48We have this tweet from Delta. No hold on Walter Bloomberg
- 4:55about Bitcoin poised for new high.
- 4:59He's making the prediction through a Yahoo article that
- 5:05says Bitcoin could reach $135,000 soon.
- 5:11Let's read a little bit of this article.
- 5:12Bitcoin could reach a new all time high as soon as next week
- 5:17and keep climbing to $135,000, Standard Chartered's global head
- 5:22of digital assets research said in a new note shared with
- 5:26Decrypt. Yesterday's yesterday Bitcoin
- 5:29soared above 121,000 and currently we're at 123,000.
- 5:33So we're pumping, keeping stride with AQ4 pattern that's been
- 5:37coined October. Early Friday morning, Bitcoin
- 5:41was trading for around 120,421.3% higher than this time
- 5:48yesterday, according to the data from crypto price aggregator
- 5:52Coin Gecko. Although BTCC looks to be
- 5:56keeping up its October tradition, Standard Chartered's
- 6:00Jeff Kendrick said it has ditched its pattern of seeing
- 6:03prices fall 18 months after the halving.
- 6:07If that had been the case, the April 2024 halving would have
- 6:11been followed by price weakness right now.
- 6:14But it really just looks like it's all up from here.
- 6:20What are your thoughts, Chris? I think we're in October.
- 6:24I think that, you know, obviously that's a very good
- 6:27call when right now we're inching up against all time
- 6:29highs. I guess we've dipped a little
- 6:30bit, but $123,500, the previous all time high was 124 four.
- 6:37So we're we're not too far off the all time highs market cap
- 6:40right now at $2.45 trillion. So yeah, I think it's a good
- 6:45call. You know, we're going to see
- 6:47where it goes. I do think October is a thing.
- 6:50I know that in historical trends, when you look at
- 6:52previous cycles or having cycles, it says anywhere from
- 6:55the bull market can be anywhere from 6 to 18 months.
- 6:57But even I think the previous one, we kind of had that false
- 7:00double top and we were talking about it and basically it can go
- 7:04as far as 24 months. But you know, I think a lot of
- 7:06people are waiting, you know, always there.
- 7:07The trends in Bitcoin, you know, the famous mean by American
- 7:10huddle of green, green, red, you know, meaning that like, you
- 7:13know, we have that 80% crash and then we're slowly building up
- 7:16and then third gears like a, you know, a blow off top and then we
- 7:18crash down again. Still normally remaining above
- 7:21the previous all time high. But I do think that bitcoins on
- 7:24due for a RIP. Normally a lot of the gold bugs
- 7:27are boomer are boomer friends that are kind of like, you know,
- 7:30in the gold or silver markets are always saying, you know,
- 7:34normally gold and silver move first and gold and silver have
- 7:36kind of been on a tear this year and normally Bitcoin follows
- 7:39that. So you know, the gold bugs, the
- 7:40Peter shifts. I know that's a buddy of yours,
- 7:42Sophie are always like rubbing it in our faces saying like, Oh
- 7:46yeah, gold, you know, it's it's good.
- 7:48Bitcoins dead, you guys, idiots. You know we're going to have our
- 7:51boomer rock and outperform you. And then only for like
- 7:53subsequently, normally 6 to 12 months later, Bitcoin rips and
- 7:57roars and goes past them. So I guess Sophie, what are your
- 7:59thoughts on that? Well, one of the interesting
- 8:02things is that Standard Charter is not a retail influencer.
- 8:05It's an old and conservative kind of institutional bank.
- 8:09And so when they publicly reaffirm high targets, they're
- 8:14they're telling people internally and externally that
- 8:17Bitcoin is now part of their macro thesis. 5 years ago, this
- 8:22would have absolutely never happened.
- 8:24I still remember when people were making fun of Bitcoin.
- 8:27And now all these companies are jumping over each other to try
- 8:31to stack sats. So I want to check out this
- 8:35article here that I pulled up a little bit prematurely.
- 8:38But crypto quant says Bitcoin price could hit 160,000 to
- 8:44200,000 in quarter four if demand keeps going.
- 8:49So 200,000 at the end of the year is starting to seem pretty
- 8:54possible, especially when we had kind of a stagnant September and
- 8:59really only a 25% increase in the entire year.
- 9:04Take like this is pretty, pretty, pretty awesome.
- 9:08Bitcoin has entered the final quarter of 2025 with conditions
- 9:11that suggest a price rally may be underway, according to on
- 9:16chain analytics firm Crypto Quant.
- 9:18The firm said Bitcoin Bitcoin could reach a price range of
- 9:21160,000 to 200,000 by the year's end if demand continues to
- 9:26expand. And according to that Michael
- 9:29Saylor clip that we had seen, it looks like demand is expanding.
- 9:33The motor is running not just on individuals, but on these
- 9:37institutions. And if these institutions keep
- 9:39going, it's only a matter of time before retail catches on
- 9:44the the article keeps going. Spot demand for Bitcoin has been
- 9:48rising since July, with apparent demand increasing at a monthly
- 9:52pace for more than 62,000 Bitcoin, Cryptoquant said.
- 9:57The firm noted that this kind of sustained demand precedes
- 10:00previous fourth quarter rallies in 2020-2021 and 2024 red
- 10:06circles. So things are looking pretty
- 10:10bullish. I'm really excited for, you
- 10:13know, the rest of this month and I'm excited for of course, what
- 10:19are what are we calling November?
- 10:20If this is October, what's November?
- 10:22Cuz that's. Actually, we got to create the
- 10:24meme for it. We got to create No Stop
- 10:26November. We're going up.
- 10:28We're going up to the moon. We're going up to the moon.
- 10:30Oh, God. So what?
- 10:33What are your thoughts on this, Chris?
- 10:35What do you think these signals are kind of giving?
- 10:40I know that there's also some policy changes happening
- 10:45possibly in Washington with regard to Bitcoin and crypto.
- 10:52I, I read an article the other day that Coinbase is proposing
- 10:56to Congress to possibly take capital gains out of certain
- 11:01transactions. So, you know, the, the, the
- 11:05stage is set. And we've been saying this all
- 11:08year. There's never been a year with
- 11:10better news for Bitcoin. What else can we look forward to
- 11:15in these last three months? I think that kind of like what
- 11:20you said, like the year's kind of been set up that it's
- 11:22building in anticipation and everything that we've been
- 11:25waiting for is except for the price to move.
- 11:27I mean, hash rate past one Zeta hash, which is 1000 Ekta hashes.
- 11:33So, you know, we're we're at a new metric that hash rates
- 11:35hitting all time highs. Obviously, I think the Oh my
- 11:40gosh, the not the Bitcoin treasury companies, the Bitcoin
- 11:43ETFs came out last January and normally they were starting with
- 11:46very like, you know, nominal portfolio allocations, like half
- 11:50a percent, quarter of a percent, maybe up to 1% if you're
- 11:53bullish. But I think even BlackRock and a
- 11:56lot of these legacy institutions outside of Vanguard, but I can
- 11:58take my potshots at them, but you know, now they're updating
- 12:01anywhere from 1 to 3% allocation.
- 12:03And you know, Sophie, you and I have been in this long enough
- 12:06that, you know, start with just dipping your toes in half a
- 12:08percent, one percent, 5%, then Bitcoin rips and then you're
- 12:11like, oh crap, it's now 10% of my allocation.
- 12:13But then you're like, maybe I should keep buying this.
- 12:15And then it keeps becoming more and more per percentage of your
- 12:17portfolio. Obviously you and I are probably
- 12:20further into it or have larger part of portion of our net worth
- 12:23in Bitcoin than most, but you know not financial advice, but
- 12:26these even the legacy you. Know, I think, I think that's
- 12:28going to start becoming the norm though.
- 12:30I think that a lot of people, like I said, if these big
- 12:34institutions are realizing it and if corporations are
- 12:37realizing it, that means that employees are going to start
- 12:40copping this and implementing it in their own homes.
- 12:44You know, it's only really a matter of time, especially when
- 12:47you look at the cost of living like you had mentioned it's
- 12:50getting even more and more expensive to just get basic
- 12:54groceries, have children, actually live your life because
- 12:57we are all trapped in the money in in the rat race that Fiat
- 13:04kind of fuels. So I yeah, there's another
- 13:10article that I found here from JP Morgan.
- 13:14Let me pull it up really quick. Sorry guys, I'm also producing.
- 13:17So JP Morgan states the obvious demand for gold and Bitcoin is
- 13:24the debasement trade, which probably is driving Jamie Dimon
- 13:29wild because we all know that he was kind of a hater.
- 13:33But now, you know, even the haters will have to bend the
- 13:36knee to Bitcoin. And at first, yes, they're
- 13:38making the case for gold because that's just what these boomers
- 13:43know and traditional investors know.
- 13:46But all roads lead to Bitcoin. Let's read a little bit of this
- 13:49article, Kitco News says in a comment that feels a little
- 13:54obvious and late to the party. Analysts at JP Morgan have
- 13:58officially defined the unprecedented rally in gold and
- 14:02to a lesser extent, Bitcoin. Again, it's to a lesser extent
- 14:06because people don't tend to really invest in what they don't
- 14:10know and the learning curve for Bitcoin can be a little
- 14:13overwhelming for some. It is, at the end of the day, a
- 14:16very tech heavy sort of asset to get into.
- 14:20But anyway, in a recent note, analysts at JP Morgan observed
- 14:24that retail investors have begun to feel FOMO for alternative
- 14:30assets such as gold and cryptocurrencies, A trend that
- 14:34they're calling the debasement trade.
- 14:36I just want to know whose little cousin or nephew or niece told
- 14:42their uncle working at JP Morgan Chase.
- 14:46Have fun staying poor anyway. The bank explained that retail
- 14:50investment demand reflects a combination of factors, which in
- 14:55our client conversations range from elevated geopolitical and
- 14:59party uncertainty, to uncertainty about the longer
- 15:02term inflation backdrop, to concerns about debt debasement
- 15:07due to persistently high government deficits across major
- 15:11economies, to concerns about Fed independence, to waning
- 15:16confidence in Fiat currencies incur in certain emerging
- 15:20markets in particular, and to a broad diversification away from
- 15:25the US dollar. Honestly, I feel like all of
- 15:27these people just have family members that are bitcoiners and
- 15:30they've just been hammering the point over and over and over
- 15:33again because these are never conclusions that people in
- 15:37traditional financing would ever get to.
- 15:40Like, maybe they've thought about it, but they've never
- 15:42admit it to themselves. Why?
- 15:44Because it goes against their own interest.
- 15:47So finally the Bitcoiners have gotten in there and we've just
- 15:50been puddling these people to the ground with facts to the
- 15:54point where they just can't they can't deny it anymore, right?
- 15:59They can't deny the fact that Bitcoin is the next biggest
- 16:04thing they have to cushion it with, you know, saying, oh,
- 16:07we're also going to buy some gold because that's what they're
- 16:10used to. But they, they know, they know.
- 16:14And we know that they know, and they know that they can't fight
- 16:18this. Have you had those experiences
- 16:21in your family, Chris? Of course, yeah.
- 16:23We're the crazy Bitcoin people. Well, even remember Jamie Dimon.
- 16:27So in January or February of 2024, that was in the Davos
- 16:30summit. And when Andrew Sorkin was
- 16:32asking about Bitcoin, obviously the ETFs had just launched.
- 16:35And basically Jamie Dimon's like, I don't like it, But like,
- 16:37basically he was capitulating because his customers were
- 16:40saying, hey, like they were demanding it.
- 16:41And then even, you know, you know, he kind of capitulates
- 16:44himself, Jamie Dimon, and says, like, he's like, yeah, I got on
- 16:47the phone with my daughter, and my daughter's around RH.
- 16:49So if she's a millennial in her 20s or 30s and she's like, dad,
- 16:52stop bashing on Bitcoin. I own some.
- 16:54And so, of course, Jamie Dimon had to be like, all right, like,
- 16:57you know, maybe his daughter was the one that trying to orange
- 16:59pill him at Thanksgiving or Christmas or telling him that.
- 17:01She's I've been that daughter. I've literally been that
- 17:04daughter who orange pills her dad and bullies him.
- 17:08And you know what? He's happier for it.
- 17:10He called me this morning and he said you were right again.
- 17:14So, you know, let let your daughters and your sons teach
- 17:18you something 'cause you never know, they they might just make
- 17:21you rich. But anyway, Chris, sorry to
- 17:23interrupt you. Keep going.
- 17:24No, no, no worries. So yeah, we're kind of the crazy
- 17:27Bitcoiners in our family, obviously trying to orange peel
- 17:29people. What's the saying that ATI
- 17:31always says in the show? We're trying to scam you into
- 17:33financial freedom and financial success.
- 17:35I definitely think that is something that we're trying to
- 17:37do. Here, that's the whole show.
- 17:38That's the whole show. We just want you to live a
- 17:40better life and and better live and live a better life.
- 17:46You will if you know you stack SAT's and and keep going.
- 17:53Anyway guys, we have an amazing, amazing show for you guys today.
- 17:59We want to throw it to our lead sponsor bitcoinwell.com.
- 18:06Bitcoin well is where you can stack your SAT's and they will
- 18:10send you all of your Bitcoin. I'm getting yelled at in the
- 18:14chat, sorry and they will send you all of your Bitcoin directly
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- 18:32simply Bitcoin. We've made it super easy for
- 18:35you. Just scan the QR code below and
- 18:39we're about to have a great show.
- 18:41So if you you like what you're seeing, smash the like button,
- 18:45share the show with your friends.
- 18:47We're going to get into the numbers, guys.
- 18:50Here we go. I want to give a shout out to
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- 20:27simply or just scan the QR code. We've made it very, very easy
- 20:32for you. Anyway, let's get into the
- 20:34numbers. Clark Moodys dashboard price of
- 20:37Bitcoin at the time of recording is $122,320 sats per dollar 818
- 20:45market cap 2.44 trillion and I had the hash rate up here.
- 20:51I'm not sure what happened to it.
- 20:57I lost the hash rate guys, but anyway, let's move on to.
- 21:03I got the hash rate here for. You you got the hash rate OK,
- 21:06pull it off. 1000 or I can I can share my screen if you.
- 21:09Want yeah, Share your screen. Share your screen.
- 21:12Clark when he's dashboard share. Boom.
- 21:16All right, how do I zoom in here?
- 21:18Chris to the rescue. Oh no, it just there we go, hash
- 21:25rate, joke. Hash rate. 1053 ECTA hashes or
- 21:311.053 Zeta hash. So I know that there was an
- 21:35ongoing bet with our good friend Tatum as well as Adam Denver
- 21:40BTCII. Forget which side of the bet was
- 21:42on, but they were saying that it was going to get to 1 Zeta hash
- 21:44before the end of 2025. So yeah, I can't believe we're
- 21:48here even before December, before the end of the year, but
- 21:50crazy to hit this milestone. Amazing.
- 21:54I completely agree. OK, let me pull up this tweet
- 21:59from Simply Bitcoin quoting Jack Molars.
- 22:03Bitcoin can change the world, because the world can't change
- 22:07Bitcoin. Let's watch the video.
- 22:11Let me tell you something for everything in life, with more
- 22:17demand, you will find more supply.
- 22:21If everyone in the world wants an iPhone, Apple can make more
- 22:25supply and give everyone an iPhone.
- 22:27If everyone in the world wants a McDonald's cheeseburger,
- 22:30McDonald's will make sure they find a way to make every single
- 22:33customer a cheeseburger. The only thing where that's not
- 22:37true is Bitcoin. If everyone in the world wants a
- 22:41Bitcoin, we cannot engineer more bitcoins.
- 22:47It's the only fixed supply, the only truly scarce thing in the
- 22:52world. Bitcoin can change the world
- 22:55because the world cannot change Bitcoin.
- 22:58The world can change iPhones, the world can change hamburgers.
- 23:01The world can change stocks. The world can change real
- 23:04estate. The world can change the dollar.
- 23:06The world can not change Bitcoin.
- 23:09It is the only scarce engineered asset in the history of our
- 23:13species. So therefore, Bitcoin's the only
- 23:15thing in the world where more demand has to find a higher
- 23:19price. If you want more Bitcoin, you
- 23:23have to get it out of the market, not out of the ground,
- 23:26not out of a fryer, not out of Apple's headquarters.
- 23:29You have to get it from the market, from those that have it.
- 23:31And so if you want more Bitcoin, you got to bid it to a higher
- 23:35price. So that is what we're seeing.
- 23:37Bitcoin is the most performing asset in the world because it's
- 23:40the scarcest asset in the world. It's the only asset that demands
- 23:43higher price for more supply. That's what we're seeing,
- 23:47period. And for all the people that are
- 23:49like, well, Bitcoin, you know what?
- 23:50You know what it is, it's just correlated to the stock market.
- 23:53It's just correlated to the election.
- 23:55No, Bitcoin is not a hedge. Everything else in the world
- 24:00outside of Bitcoin, precious metals like gold, are correlated
- 24:03to earnings, to cash flows, to performance, to quarterly
- 24:07reports. Bitcoin is not.
- 24:09Bitcoin is not. Bitcoin is a solution.
- 24:12It is not a hedge. Bitcoin is a solution.
- 24:15It is not a hedge. Bitcoin, when you look at
- 24:17Bitcoin, it's the best reflection of currency
- 24:19debasement. It's the most performant
- 24:21reflection of currency debasement.
- 24:23That's all it is. And so Bitcoin is not a hedge,
- 24:26Bitcoin is a solution. Bitcoins the only scarce thing
- 24:29you can own, period. Your time and your Bitcoin,
- 24:33everything else you can make more of.
- 24:34That's it. That's it.
- 24:36That's why the only two things I value are my life and my
- 24:39bitcoins. Nothing else matters to me
- 24:42'cause you can always make more of them.
- 24:45Well said. Well said it.
- 24:47It's the tried and true quote. You don't change Bitcoin,
- 24:51Bitcoin changes you. And you know, he's kind of
- 24:55reframing this narrative that Bitcoin is an investment.
- 24:59He actually makes it very clear that Bitcoin is actually the
- 25:03base layer of society and when the base layer of society is
- 25:08broken, everything else starts to break too.
- 25:10You know what's that WTF happened in 1971 website?
- 25:16That's like the biggest proof of all of that.
- 25:19If you notice that when we went off the gold standard,
- 25:22everything else in society just started to fail.
- 25:25And I love what he said, you know quote if the world can't
- 25:28change Bitcoin, but Bitcoin can change the world, then the game
- 25:32board is fixed and we're just watching the players adapt.
- 25:36So if you contrast that but with gold, Oh yes, this is the WTF
- 25:41happened in 1971. I really love this website.
- 25:44I always show it to my parents or my friends who are skeptical
- 25:47about Bitcoin because it's not about Bitcoin at all.
- 25:50It's about broken money. And I think that's the point
- 25:53that Mahler's is making here is that we shouldn't just look at
- 25:57it is number go up technology, although that incentivizes the
- 26:02masses to buy Bitcoin and eventually it will be the reason
- 26:07that hyper Bitcoin happens. I think that the bigger sell on
- 26:12Bitcoin is that it fixes broken money.
- 26:15And so when you start looking at this chart, when you start
- 26:18looking at WTF happened in 1971, you start realizing that because
- 26:24we went off the gold standard, because we went off of hard
- 26:26money, the world just started to collapse.
- 26:31I think there's a stat in there about marriage rates and or and
- 26:35divorce rates and how they just skyrocketed in 1971.
- 26:39This is dual income couples. And then there was where's the
- 26:42marriage rates? I know exactly what you're
- 26:45talking about. You can keep talking and I'll
- 26:48find it. Well, yeah, the, the, the point
- 26:51is, you know, the, the number go up.
- 26:53Technology is the thing that's going to get people through the
- 26:56door for sure. You guys have all gotten the
- 26:58text from your friends. Hey, can I buy, can I ask you
- 27:02about that Bitcoin thing? Can I ask you about that crypto
- 27:06thing? Can you tell me a little bit
- 27:07more about that? When we're at all time high
- 27:09prices, right? And and that is what starts to
- 27:13pique people's interest. But what makes people full on
- 27:16Bitcoiners, full on Maxis with all time toxicity levels is the
- 27:23peaceful revolution that changes the course of your life.
- 27:27It, it doesn't just, it doesn't just mix, you know, your
- 27:31economic problems, it, it makes you realize that your economic
- 27:35problems are beyond financial. They're actually about how you
- 27:40treat other people, how you are compensated yourself, how hard
- 27:44you're working in your personal life and how to level up your
- 27:48personal life. So in contrast with gold, gold
- 27:51is, you know, something that, that it's the shiny rock, right?
- 27:54And although I love it, I love to wear jewelry.
- 27:57I, I think that, you know, gold is definitely a hell of a lot
- 28:00better than Fiat. Bitcoin just makes this hard
- 28:07asset a lot more accessible to a lot more people.
- 28:10It's actually a lot more inclusive.
- 28:12You can transport it with more ease.
- 28:14You can it's, it's, there's a finite amount gold.
- 28:19You know, there might be an asteroid out in space that we
- 28:22blow up one day and find an, an insane amount of gold or other
- 28:27precious metals that actually end up competing with gold.
- 28:30Bitcoin has a finite supply and that is actually, you know, the,
- 28:37the, the best part, the one of the best parts of it, it's
- 28:39infinitely divisible. So I think Chris pulled up the
- 28:43median age of first marriage here and.
- 28:46This is the divorce rate increase by percentage points as
- 28:49well. So, you know, as you can see you
- 28:53less people than ever are having children.
- 28:56And I really do think that that's directly correlated to
- 28:59the fact that we don't have a solid money system.
- 29:04And it's great that, you know, people are predicting at, you
- 29:08know, 135 K at the at the end of this week or 200K maybe by the
- 29:13end of the year. But the real, the real signal is
- 29:18life changing, literally, like more kids, more marriages, more
- 29:25family. Look, yeah, I love what this guy
- 29:28said. Doctor Daniel Howell, money
- 29:30equals the number one cause of marital fights.
- 29:32It's it's because money is the base layer of society.
- 29:36And when it's broken, you can't you can't do anything else.
- 29:40Anyway, I've been ranting for a little bit.
- 29:43Chris, what are your thoughts? No, I think Jack Miller's hit
- 29:46the the nail on the head there. Obviously, talking about Bitcoin
- 29:49is the only scarce thing. I was actually in this debate
- 29:52the other night. I was out to dinner with a bunch
- 29:54of colleagues, and they were saying like, oh, well, like,
- 29:57like, I, I, they knew me as the Bitcoin guy.
- 29:58They're like, oh, yeah. But see, you want to buy real
- 30:00estate because, like, you know, they're not making any more land
- 30:03or anymore real estate. I'm like, yeah.
- 30:04But they're always building up. Like, Japan's the most populous
- 30:06city in the world or Manhattan or, you know, all these big
- 30:09cities, and they just keep building up.
- 30:10Or, you know, maybe they'll eventually start building into
- 30:13the ground. I know Elon, a must with a
- 30:15boring company, but like Bitcoin is finite and scarce.
- 30:18And they like kind of, I don't want to be mean, but they kind
- 30:20of weren't grasping that. They're like, oh, well, stocks
- 30:22are finite and scarce and bonds, I was like, well, they're not
- 30:25really, you know, they can always, you know, issue more
- 30:27stock shares or they can always issue more bonds or real estate.
- 30:30They can always build more. And then they weren't even
- 30:33getting to the point of the cost or the expenses.
- 30:34They're like, oh, well, if you buy real estate and rent it out,
- 30:36like yes, you can get cash flow if you're obviously taking in
- 30:40more income than it costs to pay the mortgage and all that.
- 30:43But they're missing the point of like how houses breakdown,
- 30:46houses need new roofs, the water heater breaks, the toilet
- 30:49breaks. You know, oh, there's an issue
- 30:51where someone gets hurt on your property and then you have to go
- 30:53into insurance and that cost you more money.
- 30:54There's a lot more fixed costs. And not only that, there's ways
- 30:57that people can take it. Like, you know, at the end of
- 30:59the day, like if someone's holding, we're not saying to
- 31:02advocate for violence, but if someone is threatening you or
- 31:04your family, and if you have Bitcoin, if they were to harm
- 31:08you in any way that incapacitate you, that you were not able to
- 31:10give up your secret, your Bitcoin dies.
- 31:12And it basically, you know, strengthens the resolve of the
- 31:14network and makes everything more valuable, where if you're
- 31:17at home or you have a car or something like that, they can
- 31:19steal it or confiscate it. Or, you know, if they remove you
- 31:22from that area, they can actually take that from you.
- 31:25Where Bitcoin actually requires cooperation in order to get your
- 31:28Bitcoin. You know, the best way to get
- 31:30Bitcoin outside of mining it or buying it is providing a greater
- 31:33service that a Bitcoiner deems is good enough for them to part
- 31:37with their Bitcoin. So it establishes cooperation, I
- 31:40think, better than any money ever.
- 31:42Because when you look at the petrodollar, Sophie, obviously
- 31:44the petrodollar is kind of the system we've had since the 70s.
- 31:47Since we came off the gold standard.
- 31:49We've had endless wars, you know, the 21st century with the
- 31:52Federal Reserve being established in 1913, as well as
- 31:56coming off the gold standard. This has been the bloodiest
- 31:58century of all time. And it looks like that trends
- 32:00not as we're in the the 21st century, the 22nd century, yeah.
- 32:05I mean, yeah, it it's only continuing.
- 32:07Nothing has changed. We're, you know, funding more
- 32:11conflict around the world every single day.
- 32:14And that's only because of the money printer, right?
- 32:17That's only because we have this infinite money supply that
- 32:21empowers the very, very top echelon of society while keeping
- 32:26everybody else enslaved. And I think that that that
- 32:31obviously effects every other part of society.
- 32:36And and if we start to change, if we start to adopt Bitcoin,
- 32:40even if that's through greedy means of number go up, hey, I'll
- 32:45take it. Because it's like you said in a
- 32:47Bitcoin standard, people are not incentivized to steal your
- 32:52Bitcoin. They're incentivized to
- 32:53actually, like, go out and earn it because it's more
- 32:56economically feasible to go out and earn it than to pay hackers
- 33:01or spend all this time trying to hack somebody's wallet, which,
- 33:05you know, not even the the US government can do.
- 33:08So anyway, I want to move on to the next segment.
- 33:13We're going to move into the news.
- 33:16We're going to cover this article of Trump promising
- 33:21perhaps some Simi checks. So yeah, we'll be right back.
- 33:29I want to give a shout out to our partner Let In, the leader
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- 35:23to our new sponsor Bit Key. It's right here.
- 35:27Bit key is so simple, your grandma can use it.
- 35:30And mine is actually here helping me today with my kid.
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- 35:52Sophie, I got my dad a big key. He loves it.
- 35:54He's like, it's great, it's nice, it feels good.
- 35:56It's a great boomer boomer device to give to your family
- 35:59members. I love that.
- 36:02I love that Nico's yelling at me.
- 36:05It's this is actually a wallet, believe it or not.
- 36:08It might not look like your typical wallet, but it is a
- 36:10wallet. It really is super easy to use.
- 36:13I've gotten my whole family on it now.
- 36:16And so you definitely want to get yourself one and maybe
- 36:20orange fill some friends. I mean, it looks like it's
- 36:23giving iPhone, it's giving Apple.
- 36:24It's super chic. Anyway, let's get into the news.
- 36:28I have this article from the New York Post Trump considering
- 36:34$2000 tariff dividend for Americans.
- 36:40It's, it's sounding like a stimi check.
- 36:42It's giving stimi check. It's, it's, it's reminiscent of
- 36:462020-2021. Let's read the article.
- 36:50President Trump said Thursday he's still weighing the idea of
- 36:54giving Americans up to $2000 in rebates derived from the
- 36:58revenues his tariff agenda has generated.
- 37:01Trump's proposal to share some of the hundreds of billions of
- 37:05dollars the federal government has collected since he slapped
- 37:08foreign nations with steep levies in in April comes as the
- 37:12Supreme Court is slated to hear arguments in a case next month
- 37:16that will decide whether the president has the power to
- 37:20impose such sweeping global tariffs.
- 37:22They're just starting to kick in, said Trump said in of the
- 37:26tariffs in an interview with One America News Network.
- 37:30But ultimately your tariffs are going to be over a trillion
- 37:34dollars a year. So last time he gave these STEMI
- 37:39checks, I was really happy about it because I used it to smash
- 37:43buy Bitcoin. And you know, this isn't a
- 37:46traditional stimulus. This isn't like, you know, the
- 37:51the previous times, I'm not going to mention what it was,
- 37:53but a certain virus, it's actually funded via the tariffs
- 37:58that he implemented. So we're kind of like being
- 38:01compensated back for paying a little bit extra, like if we if
- 38:06we bought something abroad. But yes, thank you for pulling
- 38:12this up. The Bitcoin magazine had
- 38:15reported that if you had bought Bitcoin with your $1400 stimulus
- 38:22check, it would now be worth $21,000, which I think is pretty
- 38:27poetic. It's, it's actually probably
- 38:30worth a little bit more now, $22,000 actually, according to
- 38:37bitcoinstimulus.net. So that's, that's awesome.
- 38:42You know, if he actually ends up doing it, I know what I'm going
- 38:45to be doing with my stimi check. But what are your thoughts,
- 38:50Chris? Do you think that this injection
- 38:53is just going to lead to more inflation?
- 38:57Are people going to be smarter this time and and buy something?
- 39:00More definitely, it's going to lead to more inflation.
- 39:02I mean, we saw it in the past and history's going to repeat
- 39:04itself. I mean, I give Trump props.
- 39:07You got props or props to do with the tariffs to try and
- 39:10bring in revenue, but bring in revenue through global tariffs.
- 39:13But we don't have like a money problem in terms of like raising
- 39:17money or getting money. I mean, what the US government
- 39:19collects like $6 trillion in taxes or 5 trillion, whatever
- 39:22the number is, but we spend like 2 trillion more than we take in.
- 39:26So we don't have necessarily like getting money problem or,
- 39:30you know, yeah, collecting tariffs and taxes.
- 39:32We have a spending problem. And I know with the big
- 39:34beautiful bill, he was pushing it as a good thing.
- 39:36I many, many Bitcoiners and libertarians are like, yeah,
- 39:38like you say, this is a great thing for tax breaks, but we're
- 39:40actually going to be spending $9 trillion over the additionally
- 39:43over the next 10 years. So that's only adding to the
- 39:46inflation. Yeah, we might puff up the
- 39:47economy. Now, gold, stocks, bonds, you
- 39:49know, real estate, everything's going to go up because they're
- 39:51going to keep printing money. But bitcoins, the best against
- 39:54irresponsible government. And we have.
- 39:56And this isn't just it's a knack against the US government.
- 39:58Governments across the world are all irresponsible.
- 40:00If all of them were become responsible overnight, yeah,
- 40:02there'd be a ton of pain and, you know, civil unrest, to say
- 40:05the least. You know, you'd hope that
- 40:06there'd be no violence. But historically, that is what
- 40:09always happens. And it's normally not good for
- 40:11the politicians that are in power at that current moment.
- 40:13But we show over history of the long arc of the world that all
- 40:17these governments are fiscally irresponsible.
- 40:20They're going to keep printing money till the print money
- 40:22printer breaks. And at the end of the day,
- 40:24that's going to make assets such as Bitcoin go up and Bitcoin.
- 40:27The best horse in the race, so it's going to go up the fastest,
- 40:30the longest and the most price appreciation.
- 40:33You know, for those who've read the the 4th turning or when
- 40:36money dies, it talks about the issues or the things that
- 40:39happened in Weimar Germany and ultimately when they were
- 40:42experiencing hyperinflation crisis.
- 40:44And you don't even have to look as far back as you know, the
- 40:461930s in Germany. You can look at Argentina in
- 40:49Sophie in our in our lifetime, Argentina is AG 20 nation,
- 40:53meaning they're a top 20 nation in the world.
- 40:55They have had five hyperinflation in 30 years,
- 40:58Sophie, 30 years. They've hyperinflated their five
- 41:01different times, Lebanon, Sri Lanka, like the list goes on and
- 41:05on. And, you know, this is kind of
- 41:06the theory that a lot of the bond traders like Greg Foss or
- 41:09even like Larry Lapard talk about that over time, like
- 41:13hyperinflation is going to happen in these smaller nations
- 41:16and they're going to go up into the bigger currencies such as
- 41:18the US dollar, the Chinese yuan, the Japanese yen.
- 41:21The Japanese are already seeing like a shaky economy with their
- 41:23currency. But over time, the
- 41:25hyperinflation like leads into it centralizes to 1 currency.
- 41:29And obviously, you know, the Chinese yuan and the US dollar
- 41:31are going to come head to head at one point.
- 41:33You know, you hope there's not a kinetic war that comes with
- 41:35that. But over time, they're going to
- 41:36centralized to the largest currencies in the world.
- 41:40And yeah, we think that Bitcoin is going to be the best horse in
- 41:43the race because of that. Yeah, for sure.
- 41:47I mean, This is why Bitcoiners say don't save in dollars, save
- 41:50in sats, because ultimately, even if they do these stimmy
- 41:54checks, the the inflation's just going to eat up your savings.
- 41:58So if you do get this stimulus check, put it into Bitcoin.
- 42:04I mean, that's my opinion. That's not financial advice.
- 42:06I just think that given the fact that our currency is constantly
- 42:12getting debased, it's probably wise that you don't keep it in
- 42:16Bitcoin. And actually that leads to the
- 42:19next tweet that we were going to pull up by heavily armed clown.
- 42:23The April 2020 stimulus was 0.15 Bitcoin and now this time they
- 42:29only want to give people 0.0165 Bitcoin.
- 42:33What gives? I think that's hilarious.
- 42:37I mean, we're getting less stimmy in real terms and so the
- 42:40illusion is just breaking in real time.
- 42:43Like imagine telling someone in 2020 that future checks would
- 42:46buy you even less if the number was the same.
- 42:49Yeah. And if you're if you're.
- 42:50That's inflated and if you're. Pricing it in Bitcoin, that's an
- 42:548590% reduction in purchasing power.
- 42:57Like if you think about that's insane.
- 42:58You're going from .15 to .0165 S like almost 85, almost 90%
- 43:05reduction in in purchasing power over just five years.
- 43:08I mean, yeah, like a little over five years at that point.
- 43:12Yeah, So I don't know what's going to happen.
- 43:16All I know is that as inflation rises and as money printer goes
- 43:21Burr, more people who have money in hand have the potential,
- 43:26maybe not the promise, but definitely the potential to buy
- 43:29Bitcoin. This is why Nico says Bitcoin is
- 43:33for anybody, but it's not for everybody.
- 43:36I hope I'm not butchering that. I got one.
- 43:37I got one more chart to share. So this is priced in Bitcoin.
- 43:41I know that, Sophie, I know you've seen this chart before
- 43:43and Nico's one of his favorites. Do you want to go through it or
- 43:48you want me to talk through it? No talk through it.
- 43:51I I I want to see what you're I'm, I'm like trying to read on
- 43:54this very oh. Sorry, Yeah.
- 43:55So, so in the primary benchmarks, this is showing you
- 43:59know, the US dollar, gold, crude oil, the S&P 500 strategy, Big
- 44:02Macs that we got a story for the culture with you about
- 44:06McDonald's, the United. States.
- 44:08Media houses, so it's showing over a one month year to date,
- 44:12one year, three-year and five year basically it's showing over
- 44:15time. All of these are getting more is
- 44:18getting cheaper over time when you price it in Bitcoin.
- 44:20So I think the only thing that was doing well right now is
- 44:23Robin Hood stock. But you know, over the long,
- 44:25long haul, I do think Bitcoin is going to outperform Robin Hood.
- 44:29And then but like any of these stocks over a long enough time
- 44:31horizon, they have negative yield in terms relative to
- 44:35Bitcoin. So when you're pricing it in
- 44:37Bitcoin over enough, a long enough time horizon, basically
- 44:40it's going to have a negative yield, meaning that Bitcoin is
- 44:43outperforming all assets. What's the quote that Michael?
- 44:45Unless you buy strategy and just this year, gold.
- 44:50Definitely. But yeah, this is a very good
- 44:51website. For a while it was down, like
- 44:54there was issues with it for a couple months and Opti and I are
- 44:56saying like, does it look like they're getting D dossed or
- 44:58attacked? But you know, glad to have this
- 45:00up and running again, and it's something that's cool to
- 45:02reference every once in a while. Yeah, I, I, well, that's one of
- 45:08the things like once you go on a Bitcoin standard, you really do
- 45:11start using that website as the general motor of your brain.
- 45:17When you start thinking about what to spend money on and what
- 45:21to spend your time and energy on, you start pricing everything
- 45:24in Bitcoin. You're like, damn, do I really
- 45:26want to buy this like useless thing that doesn't really like
- 45:29serve me very well and that I might forget about in two
- 45:32seconds just because I want short term instant
- 45:35gratification. No, because I could just buy
- 45:38Bitcoin and get something that is going to last generations and
- 45:43actually give me life fulfillment instead of, you
- 45:47know, the fast fashion, fast-paced, social media driven
- 45:52like kind of happiness that is ultimately fake and based on
- 45:56nothing. So I price in Bitcoin important
- 46:02show that one to your family and friends and that that will
- 46:05actually that was actually that website was a huge part of me
- 46:11orange filling my family. Good.
- 46:13That's awesome because they were always telling me you need to
- 46:16diversify, you need to put money in real estate or, you know,
- 46:20start a business or whatever, And I was just like, let me show
- 46:24you something. So I'm really glad that you
- 46:26brought that up. Anyway, we're going to move on
- 46:30to the culture. Like Chris had mentioned, we
- 46:34have a super fun story for you guys regarding the MC rib.
- 46:42So we'll be right back after this, these messages.
- 46:47I want to give a shout out to our partner Hive Digital
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- 48:43freedom. We also want to thank our
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- 49:08some tickets. You're going to see some of the
- 49:10biggest names in Bitcoin and mining and I think we'll be
- 49:15there. So we'll see you there and let's
- 49:19move on to this next. God, I can't even believe that
- 49:24we're talking about this. So the Mcrib is back.
- 49:30According to Internet Bra, Bitcoin has historically gone up
- 49:352X after the Mcrib returns, according to this tweet.
- 49:39Don't fade the Mcrib. Not financial advice.
- 49:44Love this, love this. Oops, oops oops.
- 49:48Don't hate the signal, Sophie. Don't hate the signal.
- 49:52I'm not hating the signal, I'm just laughing because we live in
- 49:57a simulation. But anyway, yeah, the the Mcrib
- 50:01apparently often is a recession indicator.
- 50:05Inflation spikes or you know it, it comes back right before
- 50:10Bitcoin pumps. I believe last time it came
- 50:13back, like I said, Bitcoin did double.
- 50:17So you know, forget the moving averages.
- 50:19I trade in Mcrib indicator And so obviously I had to Fact Check
- 50:26this, right. And it looks like it's not
- 50:30exactly back in the United States yet.
- 50:33It's, it's returning to New Zealand.
- 50:38According to mcriblocator.com/blog, they're
- 50:43also offering a BB Q Bandit sandwich that includes a beef
- 50:46burger, cheese, bacon, onion rings, whatever.
- 50:50Don't eat seed oils. But what does this mean?
- 50:53This means that the culture. Oh, right.
- 50:57I wanted to show this like little bit of the video.
- 50:59This is so funny. This is so silly.
- 51:02This is what they're using for their commercial anyway.
- 51:06Definitely a recession indicator.
- 51:10That's us getting slobbered in gains.
- 51:13This is so funny. This is cringe.
- 51:19So. So is this a recession indicator
- 51:24or is it bullish? Are we living in a simulation?
- 51:30Does McDonald's secretly hold Bitcoin ETFs?
- 51:34What do you think, Chris? Well, I, I, I'll say in El
- 51:38Salvador, I'm pretty sure I have not been there, but I know you
- 51:41and Nico and Opti and Jacob have been there.
- 51:44Can you Did you guys go to McDonald's to buy your meal in
- 51:47sacks? No, we went to Panda Express
- 51:52though. No, they didn't.
- 51:56Actually, we asked and. I know, but I know McDonald's
- 51:59was one of the first corporations along with like
- 52:01Starbucks. I know.
- 52:02What's that rib place or the wing stop that I think is a
- 52:05place that now accepts Bitcoin as well?
- 52:08I don't know. I'm just saying don't fade the
- 52:09Mcrib indicator. I think, you know, Bitcoin has
- 52:12cycles and patterns. I think this is one of the most
- 52:14bullish ones. I know.
- 52:15It's not back in the US back. I think it normally comes back
- 52:18in like November, December time frame.
- 52:20So once you know, December comes back, we're RIP roaring when the
- 52:24Mcrib officially comes back. So yeah, I wouldn't fade it, I
- 52:27definitely think. That's actually.
- 52:29That's actually a very convenient time for me because
- 52:32if Bitcoin is going to be ripping in November, December,
- 52:36and then we got a 2X from there, I mean, we might be looking at
- 52:41more than two 100K at the end of the year.
- 52:43We might actually be looking at like closer to 300K if my math
- 52:48serves me well. I don't know.
- 52:49It wasn't my strong student school, but it's the perfect
- 52:53storm between meme and macro, and I love it when life
- 53:00imitates. It's art.
- 53:01So, you know, like I said, we're living.
- 53:04We're living in a simulation. I would.
- 53:06Agree. Honestly anyway guys, that was
- 53:12our show. Thank you guys so much for
- 53:15watching. Thank you, Chris for joining us.
- 53:18Great today, so lovely as always.
- 53:20Thank you. Thank you so much.
- 53:23Yeah, I know that I'm cutting it a little bit short.
- 53:26Like I said, this is like my first time really taking the
- 53:28reins on the show. If you liked the show, smash the
- 53:32like button, share the show with your friends, and we'll see you
- 53:37next time. We'll see you Monday.
- 53:38Have a happy Friday. Go touch some grass, spend time
- 53:41with your family and friends. And also stay tuned for another
- 53:47episode of Satoshi dropping between tomorrow and Sunday.
- 53:55Anyway, stay blessed guys. Today's episode was brought to
- 53:59you by bitcoinwell.com, a Bitcoin only platform on a
- 54:02mission to enable financial independence.