Latest / Simply Bitcoin / Home Of Offshore Banking Adopting Bitcoin? | EP 1150

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Home Of Offshore Banking Adopting Bitcoin? | EP 1150 · Simply Bitcoin

0:00
Yo, the country that controls over 35% of the world's offshore
0:07
money for private and institutional funds is now
0:10
making a move into Bitcoin. Another enormous country in the,
0:16
in the European Union is seemingly Fomoing into Bitcoin
0:20
strategic reserve trend of 2024. I mean, we've seen this
0:24
phenomenon worldwide. We've seen it happen in South
0:27
America, in Asia, in Europe, in the United States.
0:32
It's happening everywhere. This is what Max Kaiser coined
0:35
the global hash war. We've seen the major superpowers
0:39
that include China, Russia, and America talk about Bitcoin, but
0:43
now we're seeing the home of private offshore banking also
0:48
talking about adopting Bitcoin. I mean, this specific country is
0:53
known for being extremely fiscally conservative.
0:58
This isn't a country. This is the country where the
1:01
inflation rate has actually been been somewhat stable for decades
1:06
and decades and decades. So who is this giant offshore
1:10
banking giant that we're talking about?
1:12
Well, to reveal that, we're going to play you a viral clip
1:15
from former President Barack Obama.
1:18
Let's check out the clip. Because if in fact you can't
1:23
crack that at all, government can't get in, then everybody's
1:28
walking around with a Swiss bank account.
1:35
So what am I talking about? I'm talking about Switzerland.
1:39
Now, what is the, the big deal about this guy's is again, I, I
1:44
said this in the very beginning, Switzerland is known for its
1:48
fiscal conservatism. This is a country where, you
1:51
know, they've decided to stay neutral in the world wars.
1:55
You know that this is a country where people set up their bank
1:58
accounts. They, they really value privacy.
2:01
So the fact that they're even looking at Bitcoin this way is a
2:06
huge, huge deal, I would say. I would say.
2:09
This is an even. Bigger deal than when the news
2:12
came out that Goldman Sachs was, you know, quietly acquiring
2:17
Bitcoin. Now we don't know if it's
2:19
Goldman Sachs, the bank or if it's Goldman Sachs on behalf of
2:23
their clients, but the point remains the same.
2:27
You know, Goldman Sachs is a very conservative bank.
2:30
They don't do anything, you know, too, too new like Bitcoin
2:34
adoption or looking into Bitcoin like an alternative asset.
2:38
And Switzerland, again, extremely fiscally conservative
2:41
country. This is this is a huge deal.
2:44
This is a massive deal. This is the dominoes falling
2:47
into place. So this is the headline article
2:49
for the audio listeners. It's from you today and it goes
2:53
on to say the the headline is new initiative aims to add
2:56
Bitcoin to balance sheet of Swiss National Bank.
3:00
It goes on to say give Zanga Zangane, VP of Energy and Mining
3:05
at stablecoin giant Tether, has announced a new initiative to
3:09
amend Switzerland's constitution to order in order to add Bitcoin
3:15
to the balance sheet of the Swiss National Bank.
3:18
Earlier today, it was published in the Federal Gazette, which
3:22
kick starts the signature collection phase.
3:25
The initiative will have to secure a total of 100,000
3:29
manuscript signatures from Swiss citizens until June 30th.
3:33
If successful, it will be reviewed by the Swiss Federal
3:37
Assembly, the country's federal by Carmel Parliament.
3:41
The reserves of the S&B are diversified across various Fiat
3:46
currencies and vast gold reserves.
3:49
It boasts roughly 1040 tons of the yellow material.
3:54
However, Bitcoin advocates also want to include Bitcoin in
3:58
Article 99 of the country's federal constitution, which
4:02
states that the part of the country's reserves should be
4:05
held in gold. This would require adding two of
4:08
three words, depending on the language.
4:11
This is not the first time that such an initiative has been
4:14
launched. Back in October 2021, two B4
4:18
Chapter, a local crypto focus think tank, launched a similar
4:22
initiative. Back then, it failed as
4:24
expected. However, now that the US is
4:27
seriously considering establishing a strategic Bitcoin
4:31
reserve, other countries might follow suit.
4:34
As reported by you today, Christian Linder, the former
4:38
German financial minister, has has called for adding Bitcoin to
4:42
the national reserves of Germany as well as the reserves of the
4:46
European Central Bank. Switzerland, of course, is known
4:50
as one of the most crypto friendly countries.
4:52
Zug, one of the 26 Canton start experimenting with Bitcoin
4:57
payments all the way back in 2016, when the leading
5:00
cryptocurrency was still relatively unknown.
5:04
One of the Bitcoin conferences that I went to this year was the
5:08
Plan B forum in Lugano, Switzerland, and that entire
5:13
city has Bitcoin adoption all over the place.
5:17
You could pay for things. With lightning.
5:19
They unveiled a beautiful, beautiful Satoshi statue in
5:23
front of the lake. It was absolutely incredible.
5:26
But again, I can't emphasize this enough.
5:28
For such a fiscally conservative country to seriously be looking
5:34
into potentially adding Bitcoin on their central banks balance
5:39
sheet is a massive deal. And one of the also one of the
5:43
other things that themes that we've been talking about for the
5:46
last couple weeks on simply Bitcoin is a theme of elections
5:50
have consequences. We told you guys at the moment
5:53
that. If Orange man won.
5:56
It would be, it would be good for not only the Bitcoin price,
5:59
but the Bitcoin regulatory environment.
6:02
And now you have politicians all over the world, politicians in
6:05
France, politicians in Germany. I went to Bitcoin Amsterdam this
6:09
this summer as well. And there's a German politician
6:12
that was making a speech like, look, we're not going to have a
6:15
choice as European nations. If the United States, you know,
6:19
makes Bitcoin a strategic reserve, we're not going to have
6:22
a choice in order to remain competitive.
6:24
And of course, when countries compete for your Bitcoin number
6:29
go up and you win as a Bitcoin holder.
6:32
So this is the sovereign. This is the Bitcoin game theory
6:36
happening in real time for the world to see.
6:40
And of course, Bitcoiners are winning because of it.
6:43
Now, all that being said, I have to emphasize, I have to
6:46
emphasize this, you know, this is positive for the price of
6:49
Bitcoin, but this isn't necessarily positive for the
6:52
revolution. The revolution is individuals
6:55
taking self custody of their Bitcoin.
6:58
So you know, good for price, not so much for not so much for the
7:05
revolution, the separation of money and state.
7:08
Also, guys, I want to give everyone a shout out.
7:10
This is the last simply Bitcoin episode of 2024.
7:14
This is the New Year's special until we head into a very, very
7:19
exciting new year of 2025. If Bitcoin follows its historic
7:23
trends, the year after the halving is generally when
7:28
Bitcoin enters the parabola moment and and enters into crazy
7:34
price discovery. I don't see as to why this year
7:38
is going to be any different. It could be, but Bitcoin has
7:42
been following this pattern since its inception since the
7:45
beginning of Bitcoin's history. So I'm incredibly excited for
7:48
2024. 2024-2025, 2024 was an incredible year, not only for
7:55
Bitcoin, also for us as a company, Simply Bitcoin.
7:58
We appreciate all you guys supporting us.
8:00
It means a lot. Like we've grown so much as a
8:03
team, as a media organization to try to bring you guys some of
8:06
the best content and Bitcoin, and we're extremely thankful for
8:10
that. So we're going to have a little
8:11
bit of an end of the year special during the culture
8:14
segment today and just talk about all these crazy moments
8:17
that happened in Bitcoin this year.
8:19
Anyways, Opti, what's your take on the news from Switzerland?
8:23
I mean, it does not surprise me, but at the same time, like,
8:27
dude, this is this is like it's almost as if the strategic
8:31
Bitcoin reserve news coming out of countries, it's not
8:34
newsworthy anymore. We've just, we've just been like
8:38
normalized to it, you know, So it's pretty crazy.
8:42
Yeah. No, that's, that's actually I
8:43
wasn't going to, I wasn't going to touch on that.
8:45
But since you brought it up, I do think it's funny now that
8:48
we're seeing every country talk about, well, not every country,
8:51
but so many countries talking about a strategic Bitcoin
8:53
reserve that even for us covering the news, we're sitting
8:56
here like, do we even cover this today?
8:58
It feels like no one's going to care about this because we just
9:01
keep hearing the biggest countries in the world start
9:04
talking about Bitcoin. And when you talk about a
9:06
strategic Bitcoin reserve, what like you can't really go further
9:11
than the US, China and Russia talking about it.
9:13
That's those are the big kahunas in the room right now, right?
9:16
But it is very interesting. And and it is I like how we
9:19
frame this today, of course, kind of dunking on Obama a
9:22
little bit because that clip is a classic clip there where he's,
9:25
you know, Bitcoins like everyone having a Swiss bank account in
9:29
their pocket. And now it seems like, well,
9:32
that could be true, Obama, but now it seems like every Swiss
9:35
citizen can potentially have Bitcoin in their pocket as well.
9:38
And considering what we were saying about the Swiss banking,
9:42
it, it's, it's known as being one of the largest offshore
9:45
banking systems in the world. It's been neutral banking.
9:49
I'm, I'm reminded of, I'm sure everyone's seen the Wolf of Wall
9:53
Street clip and I'm reminded of when he's trying to get his
9:56
money safe and he goes to the Swiss banker and he's talking
9:58
about, you know, so you're going to protect my money.
10:01
So it is fine. I, I find it kind of ironic and,
10:04
and also funny in the same sense because Swiss banking is kind of
10:08
known as one of those neutral banking centers and we know
10:11
Bitcoin as being the neutral money for the world.
10:14
And so am I surprised this is happening now, but it is kind of
10:19
like a weird parallel moment in the simulation where the, the
10:23
country that's known for being a neutral offshore banking is now
10:27
kind of at at the very least, thinking about adding Bitcoin
10:30
seriously for their their national reserves.
10:33
So it's very interesting and obviously a, a symbiotic
10:36
relationship here. And I do want to talk about just
10:41
how they frame this title here. So I have it over here.
10:44
I don't know if you got here, I guess I'll pull it up so you
10:46
guys can see it. I'm over here on their website
10:51
or wherever this proposition for the amendment amending the
10:55
constitution was added and I I really just want to talk about
11:00
the framing of the title here. So federal popular initiative
11:03
quote for a financially sound sovereign and responsible
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Switzerland and in quotes the Bitcoin initiative.
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And I mean, is that not what Bitcoin, what we talk about
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Bitcoin constantly here, you know, sound sovereign and
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responsible spending neutral money that no one can control.
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And so it is very interesting to see this even get proposed.
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We'll see if it gets pushed through.
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Obviously, now it is becoming very more like the popular
11:31
conversation right now, considering that ever since
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Trump came out and talked about a strategic Bitcoin reserve,
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Russia's followed suit, China's followed suit.
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And now we're seeing apparently it's getting reproposed for
11:43
Switzerland. So we'll see who actually
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follows through or rather who is the 1st giant country or someone
11:49
with a giant banking to embrace a strategic Bitcoin reserve.
11:53
And now personally, like you were saying, Nico, it is
11:56
becoming very interesting in some respects to number go up
12:00
and on the other respects it it's starting.
12:03
I'm starting to hear some of the FUD around of, of is Bitcoin
12:06
going to become ossified? Is Bitcoin becoming a national
12:09
security threat now? And what those implications are
12:13
for all of us holders of Bitcoin so that there's still things to
12:16
kind of consider as this starts to get proposed.
12:20
But this is the last day of 2024.
12:22
I think 2024 was a was a huge year for Bitcoin in, in the
12:26
collective mindshare and we'll see what happens in 2025.
12:30
It seems it seems like 2025 might be a crazy year and, and
12:33
some of these proposals will get pushed through, whether it's on
12:36
a nation state level or in the US on a state level, you're
12:41
seeing these conversations happen and man, it it seems like
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it's happening very fast and there is some concern there for
12:48
me. I'm like, I don't know, I'm
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starting to feel a little icky. I didn't just come here for a
12:52
number go up. I am here for the revolution of
12:54
replacing Fiat currencies. And now the conversation seems
12:58
like, wait, Bitcoins going to save Fiat currencies?
13:01
Wait, wait, what weird world are we in right now?
13:04
So things are things are getting strange out there.
13:07
But we will, we will see if any of this stuff comes to pass in.
13:12
In the short term, though, the conversation I think is a good
13:15
thing. Yeah, 100% I, I 100% agree with
13:19
you, man. This is this is crazy.
13:20
And again, like, you know, this was 2024.
13:23
I think 2024 is, is, you know, like one of the most
13:29
historically significant years in Bitcoin's history with the
13:32
ETF approval, you know, the president of the United States
13:36
wishing Bitcoin happy birthday. You know, the the soon to be
13:41
released Ross Olbrich, you know, Bitcoin entering into the
13:47
mainstream political discourse, of course, Michael Saylors
13:52
Bitcoin strategy on a corporate level, just absolutely, you
13:56
know, crushing it. And yeah, this is, this is, you
14:00
know, this is this is uncharted territory and it's extremely
14:04
exciting. You know, this is the, this is,
14:06
I believe, the first year that Bitcoin is going mainstream.
14:10
And of course, again, any Bitcoin hodlers, especially if
14:14
you guys have been here for a while.
14:15
I mean, it's my eighth year. This is going to be my 9th year
14:18
tomorrow. No, I mean, yeah, basically my
14:21
9th year next year, which is, you know, right around the
14:24
corner, which is, I can't even believe I'm saying that.
14:27
That's a long time and you know, it it it's it's nine years ago,
14:33
you know, Bitcoin was not taken seriously.
14:35
It was not where it's at today. And I think that this pattern is
14:39
just going to continue. This is, you know, this is this
14:44
is the the best is yet to come and it's extremely exciting.
14:47
Anyways guys, if you get excuse me, if you guys are enjoying the
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At the time of recording, the Bitcoin price is 93,510 block
19:23
high 877,227 SAT's per dollar 1069 market cap 1.85 trillion
19:32
Bitcoin versus gold market cap 10.14% percentage issued 94.3
19:38
decline from all time high -13.7% realized monetary
19:43
inflation continuing to take Fiat currencies to absolute
19:46
school 1.1%. All right, everybody, here is a
19:51
clip of of Jack Mahler's from his podcast, I think it's called
19:54
the Money Matters podcast with Matt Odell and he speaks on El
20:00
Salvador taking a $1.4 billion loan from the IMF to buy more
20:06
Bitcoin. Like now what was really funny
20:08
about this is we covered this when it when it dropped, I
20:11
believe the story was like last week or the week before.
20:13
But essentially, the Long story short is, you know, the IMF.
20:20
Gave conditions to El Salvador to to to.
20:25
They gave conditions to El Salvador basically saying, like,
20:29
you have to roll back some of the Bitcoin law in order for us
20:33
to give you a loan. And, you know, initially,
20:37
Bitcoiners reacted very negatively to this.
20:39
We were a little bit surprised. But you know, what we realized
20:43
is when the IMF had their press release, they phrased it as if
20:47
like they even used the word contain.
20:50
They're like, this issue is now contained.
20:53
El Salvador made some concessions, but in reality,
20:56
they didn't because the Bitcoin legal tender law remains.
21:00
That's #1 #2 El Salvador kept buying Bitcoin.
21:05
In fact, they increased their Bitcoin purchases the day that
21:10
this IMF loan was announced. I think they bought that their
21:14
regular, their regular DCA is like one Bitcoin a day and they
21:18
increased it to like 7 Bitcoin that day, clearly sending a
21:22
message that they're not walking back on, you know, their Bitcoin
21:27
policy. They had to make some
21:28
concessions like shutting down the Chivo wallet.
21:31
I don't think a lot of people were using the Chivo wallet.
21:34
And I'm actually a big fan of the private sector kind of
21:38
driving the wallet things forward.
21:39
I don't think the government should have their hands in it.
21:42
So, I mean, I think El Salvador, you know, just won in this
21:47
situation. And it seems like I'm not the
21:49
only one to think that. Here's a clip of Jack Mahler's
21:52
with Matt Odell talking about just that.
21:54
We'll be right back. I think that this is a
21:58
phenomenal deal for the country of El Salvador.
22:01
For people that say why are they doing business with the IMF?
22:05
I'll tell you who would take a loan from the IMF if it meant
22:08
that they could buy Bitcoin and build a future they want sailor.
22:11
If the IMF was willing to loan a sailor, I bet he'd take that.
22:15
That guy takes any dollar denominated debt and just
22:18
stacks, stacks. So the fact that El Salvador's,
22:20
El Salvador's doing the same thing sailor's doing and what
22:23
are the terms? Well, you let the public use the
22:28
wallets of the free market and let the Jack Dorsey's of the
22:31
world build the consumer facing technology that people are going
22:34
to use, not the government. And you let merchants use it if
22:38
it's useful. That those are the terms to get
22:41
a sailor esque deal to stack SAT's and continue to build
22:45
prosperity in that country. Again, lowest crime rates in the
22:48
world. El Salvador, they've got some of
22:51
the cleanest now country in the world, hardest money.
22:55
I mean, they're trying to build the Latin American Singapore, in
22:58
my opinion, tough on crime, clean, innovative, progressive,
23:02
hard money. This is an easy deal in my book.
23:07
These are terms that I would have put in place if I had any
23:09
real, say, three years ago. And the fact that they, you
23:13
know, we're at that place and they get $1.3 billion, I, I was
23:18
shocked to see people had lip service about this one.
23:21
I was shocked. This is the government's job is
23:25
to find ways to finance a better.
23:31
So, yeah, I mean, I think Jack Mahler's hit the nail on the
23:33
head. And, you know, like, the proof
23:36
is in the pudding. Like, you see, because El
23:38
Salvador's reserves are public, unlike the United States gold
23:42
reserves, we have to take the US government's word for it that
23:46
the gold really is there, Fort Knox.
23:48
Is it really you know, we can see Bitcoin, El Salvador's
23:53
Bitcoin wallet address and you every single.
23:56
Day you see it. Just increase by one or increase
23:59
by whatever. And when they made that
24:02
announcement that they were striking this deal with the IMF,
24:06
they increased their purchase rate.
24:08
It went from like one a day and then they purchased like 7 and
24:11
then they purchased like 2 and then they purchased like 3.
24:14
So it really does look like they're just taking that IMF
24:17
money and buying Bitcoin with it, you know, and it's just so
24:21
funny, you know, when, when an institution like the IMF, which
24:24
again, coincidentally all coincidence happens to be
24:27
headquartered in the, in Washington, DC, the imperial
24:31
capital, you would think that, like it, it, it, you would think
24:36
that like the, the wording that they're using, it's like, as if
24:40
they're scared, you know, like they're trying to portray this
24:45
position of strength like we've, you know.
24:49
Confined. We've constrained this.
24:51
Bitcoin problem and then the constraint was they're just
24:55
buying more Bitcoin, you know and again the legal tender law
24:58
remains law. The country continues to
25:01
accumulate more Bitcoin and put it on its reserves.
25:04
What constrained are you talking about, right.
25:07
So clearly that there is some negotiation happening in the
25:10
background and I think they've lost control.
25:13
And I think the Bank of International Settlements, I
25:15
think they're losing control as well and.
25:19
All of this is very similar to what we saw with social media
25:23
and how essentially governments just lost their control and
25:28
their monopoly over information. And it happened like relatively
25:32
quickly. It was a very messy process,
25:34
right? You know, Trump was de
25:36
platformed, The president was de platformed.
25:38
People were censored. People were de platformed for
25:41
certain political viewpoints. But then it reached a critical
25:46
mass where the likes of Joe Rogan or like Tucker Carlson
25:50
started getting more viewership than legacy media.
25:55
And when that started to happen, the what the legacy media had to
25:59
say, which now we know that they were really mouthpieces for the
26:03
administrative state that the government, it started losing
26:07
its effect. In fact, we would play you guys
26:09
clips from the legacy media and everyone in the chat would be
26:12
like. Who listens to this?
26:14
Right. No one listens to this.
26:15
That's the thing. Joe Rogan gets more views.
26:18
And then, of course, when Elon acquired Twitter, I think that
26:21
was the last nail in the coffin. I think right then and there,
26:25
you know? If.
26:26
You take a look at some of the statistics.
26:28
X is the most downloaded and popular news app in 140
26:35
countries. People are no longer getting
26:38
their news from legacy media, so the world has changed there.
26:42
But it was like this bottom up process, it was very messy,
26:46
right? And again, you know, it seemed
26:49
like these these corporations, these media organizations had so
26:54
much power and they had so much authority.
26:57
And then what happened is that like overnight it, it, they,
27:02
they kind of just lost it. And now we just don't trust them
27:05
anymore. I think that same phenomenon to
27:08
weave it back in is going to happen with money.
27:12
I think right now governments are riding on the coattails of
27:16
the legitimacy of their Fiat currencies that they've built
27:21
over the decades, right? It's the dollar, it's the euro,
27:25
right? But the farther away that you
27:28
get from the strong. Fiat currencies like if you're
27:32
in Nigeria, if you're in Zimbabwe, if you're in
27:35
Venezuela, if you are in a country that is regularly
27:39
Argentina's a good another good example that you're regularly
27:43
going through double digit inflation, you have no
27:46
confidence. And your currency anymore, it
27:49
doesn't matter if a government official goes on TV in a suit,
27:53
stands behind a seal and tells you it is your patriotic duty to
27:57
use the currency. You are not listening to them
28:00
because it's a matter of being able to put food on the table or
28:04
not being able to put on food on the table.
28:07
We haven't experienced that phenomenon in the developed
28:10
countries yet. But I think it's coming, and I
28:12
think it's coming fast. And I think when that happens,
28:17
you know, all bets are off. I think a lot of, you know, I
28:21
think, you know, and the sovereign individual talks about
28:24
this, right? I think we have to understand
28:27
what the power dynamics at play here are.
28:31
Governments get a tremendous amount of power from being able
28:34
to create their own currency out of thin air at no expense to
28:37
themselves. What happens when they start
28:41
losing that power? Do you think that they're, I
28:44
mean, look at how much they fought for censorship.
28:47
Like if you guys have taken a look at any of Mike Benz's
28:50
podcast, whether it's on Joe Rogan or Tucker, like the
28:54
lengths at which even in the United States that supposedly
28:58
free the speech is protected by the 1st Amendment.
29:01
The lengths at which government took to censor the free flow of
29:06
information. What do you think they're going
29:08
to do with money? But it's unstoppable because the
29:11
Internet is unstoppable. It because it's decentralized,
29:15
there is no one to, there's no door to knock on, there is no
29:20
one person to arrest and the thing goes away.
29:24
You know, it's a decentralized system.
29:27
So because they can't make, because they can't make it go
29:31
away, they're forced to compete with it.
29:34
But because Bitcoin is better money, we are, or we already
29:38
know where that competition is heading, governments can't help.
29:42
Themselves but to do 2 things they can't help themselves but
29:45
to inflate the currency and they can't help themselves but to
29:49
control the currency so censor people that are using their said
29:53
currency and they've abused those privileges and then that
29:56
created an incentive for people to create an alternative and
30:00
that's exactly what Satoshi did right so yeah this is where we
30:04
are this is you know this is extremely exciting and I think
30:09
you know once we get over this final.
30:12
Boss. This final hump of, you know,
30:16
the separation of money and state, the disintermediation of
30:19
money and state, I think humanity is going to experience
30:24
a era of freedom and prosperity of which.
30:27
Mankind has never seen before. But I think it is going to be a
30:31
little bit bumpy getting over that that last hump.
30:33
Opti, what's your take on this brother?
30:37
Yeah, Well, excuse me, I, I, I generally agree with everything
30:43
you're saying. I'm still, I think a little less
30:47
hopeful than you are in the idea that legacy media is dead.
30:51
I still, you know, talk to you like my friends and family and
30:54
stuff. And I still see that there's a
30:55
strong presence coming from the corporate press.
30:58
And so I'm, I'm still, you know, I'm hopeful that that is true.
31:02
But I'm still getting the trend that what we do here on this
31:05
channel, what we see on Twitter as well, it's still kind of not
31:09
fully, I don't know, incorporated into the daily
31:14
lives of everyone else. Like, there still seems to be
31:16
some sense of legitimacy happening coming from the
31:19
corporate press for a lot of people.
31:20
But I think as we move into 2025 and beyond, we're going to see
31:23
something similar happen where people are kind of waking up to
31:26
the fact that everything they know may be lies, maybe as bit
31:30
corners are just kind of ahead of the curve.
31:32
And for the last four years, it's becoming very obvious to
31:34
all of us bit corners what is actually going on.
31:36
And things are crumbling and the institutions are losing respect
31:40
and trust. And This is why we've seen so
31:42
many pivots play out in real time here on the show and on
31:46
Twitter, etcetera. But kind of weaving this back to
31:49
the clip of Jack Muller's, I was saying something very similar
31:52
when this news came out that look, I know a lot of people
31:54
were saying that Buchelli kind of bend the knee to the IMF, but
31:59
he made some concessions to basically better off the whole
32:02
country versus just the Bitcoin law.
32:04
And so it was kind of a Chad move.
32:07
I remember when I was on the show covering this news, I said
32:09
that he could, he's got a chance to do the funniest thing and
32:12
that is him essentially taking that money and buying a bunch of
32:16
Bitcoin with it. Now the agreement I don't think
32:18
is fully finalized yet. I think it's going to be in a
32:21
couple of weeks in January. So we'll see what actually
32:23
happens with that. But it was absolutely amazing to
32:26
see everyone kind of freak out on Twitter about it.
32:29
And then I think to be clear, Nico, it was they bought like 11
32:33
Bitcoin the following day and then seven Bitcoin after that.
32:37
And then they kind of just upped their Bitcoin buys.
32:39
So it looks like they're doubling down on their Bitcoin
32:42
buys. But yeah, obviously I think
32:43
moving forward, it's going to be very clear that Buckele buying
32:48
all of this Bitcoin was actually a good thing.
32:51
And we're going to see that these institutions are are going
32:54
to continue to fight it. We're going to continue to see
32:56
some propaganda coming out of the propaganda corporate press.
32:59
And so this is where we are right now.
33:02
But I think on paper, and if you really look at the numbers and
33:05
the data, it's becoming very clear that people want truth.
33:08
People are looking for alternative media because they
33:11
feel that there's something wrong.
33:12
People are looking for a better money.
33:14
I know this year in particular, inflation was one of the big,
33:17
big concerns of so many people in America.
33:20
Everyone is starting to wake make up that hey, maybe the
33:22
money is broken, maybe we need to figure some things out.
33:25
Maybe we need some change right now.
33:27
And so I'm starting to see that trend moving in that direction.
33:31
Obviously, as a tinfoil hat person here, the reigning
33:34
tinfoil hat person on the show, I'm still a little cautiously
33:38
optimistic about where things are going.
33:40
Hopefully more people wake up. But if we've learned anything in
33:43
the past couple, you know, four years, maybe maybe we can't be
33:47
too overly optimistic about that because a lot of people still
33:51
seem to be asleep. But hey, that just means we got
33:53
a job here for a little while longer.
33:55
Hopefully more people come to this channel when the price
33:57
starts pumping in 2025, or at least when we think it's going
34:00
to start pumping. And hopefully more people are
34:03
waking up to their own power and opting out and starting to save
34:07
in, in a money that can't be debased in the money that they
34:09
control. And I think this is this is the
34:12
fork in the road. Do you want to use Fiat money
34:14
and get poorer or do you want to use freedom money and get
34:17
richer? I think it's starting to become
34:19
very clear who the banners are and who the losers are.
34:21
And so hey, you want to get on the Bitcoin train?
34:25
Because I want to say that we might not be seeing 100K anymore
34:29
in 2025. Maybe we'll get a 2026 pull
34:32
back, but let's hope not. Guys, if you guys are enjoying
34:37
the show so far, make sure to smash that like button.
34:41
We hit our goal of 150 likes. I'm going to move up that goal
34:44
to 200 likes within the 1st 45 minutes of the show.
34:49
There's currently roughly 450. 400 and. 50 of you guys watching
34:53
live on YouTube and 1500 of you guys watching live in total
34:59
between all platforms. So smash that like button if you
35:02
guys are enjoying the show and stay tuned because we have a lot
35:06
to talk about during the news segment in regards to the
35:09
Overton window and also this this kind of an interesting
35:15
article coming out of no BS Bitcoin that I think you guys
35:19
will enjoy listening to All right, everybody.
35:22
And also, of course, I'm really excited about today's culture
35:26
segment. And the reason I'm so excited
35:29
about it is because, but you know, this is this is we're
35:32
going to do like a end of the year review, simply Bitcoin
35:35
review our best memories, you know, our, our, our downs, our
35:40
lows, our UPS, our highs, you know, so we're going to talk
35:44
about all that. We're going to reminisce.
35:46
It's going to be an end of the year special last episode of
35:49
simply Bitcoin 2024. So really looking forward to
35:52
today's culture guys. Stay tuned.
35:55
We will be right back. I want to give a very special
35:59
shout out to our sponsor Compass Mining.
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Simply get Peace of Mind. All right everybody here is
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simply and you get a discount take self custody of your
38:00
Bitcoin. All right everybody starting off
38:02
with this here is Matt Gaetz. Matt Gaetz is slightly
38:07
controversial figure in American politics and look what he's
38:12
saying. Bitcoin to 200 K by end of 2025.
38:17
This is latest, ladies and gentlemen.
38:18
It is, you know what we call shattering the Overton window
38:23
when mainstream political figures and just mainstream
38:27
popular figures are talking about Bitcoin, the likes of Tim
38:31
Poole, Donald Trump, everyone. This is what we mean by Bitcoin
38:36
seeping into mainstream political consciousness.
38:39
Now, what is the next step? The next step is every time
38:43
Bitcoin continues to survive every single day, it continues
38:48
to prove to the world that money can exist without inflation.
38:52
So it's an inevitability that people start to ask the
38:56
question, what is money? As Bitcoin continues to become
39:01
more widely adopted and more popular, and as people ask the
39:05
question, what is money, you know, and they see that Bitcoin
39:09
is better money and they see that Fiat money is a scam, you
39:12
know, that's when things fundamentally change.
39:16
So very, very exciting stuff. In other news, this is this is
39:22
crazy. This is this is absolutely nuts.
39:25
And this applies to anyone living in the United States.
39:29
The headline is Enforcement of US Corporate Transparency Act
39:33
blocked again following. Court reversal.
39:35
It goes on to say on December 26th, the 5th Circuit
39:40
unexpectedly vacated the stay, anticipating an expedited ruling
39:45
on the merits of the preliminary injunction.
39:48
FinCEN is complying with the injunction while still accepting
39:51
voluntarily voluntary filings during the ongoing litigation.
39:56
Quote In light of recent federal court order reporting companies
40:01
are not currently required to file beneficial ownership
40:04
information with FinCEN and are not subject to liability.
40:08
If they fail to do so while the orders remains in force,
40:12
however, reporting companies may continue to voluntarily submit
40:16
beneficial ownership information reports.
40:19
It goes on to say the Corporate Transparency Act, aimed at
40:23
combating money laundering, requires US entities formed
40:27
before 2024 to disclose their beneficial owners.
40:31
This includes providing full names, home addresses, birth
40:34
dates, photo identification, taxpayer identification numbers
40:38
and other permanent business information by January 13, 2025.
40:42
Prior to the injunction, around 32.6 million existing US
40:47
businesses were expected to file reports by 2025, according to
40:52
FINCET. The agency has been warning
40:54
small businesses that failing to comply could lead to penalties
40:57
of up to $591.00 per day, meaning they would destroy a lot
41:03
of businesses, as well as potential criminal charges,
41:06
carrying sentences of up to two years in prison and fines up to
41:11
$10,000. However, with the injunction
41:14
reinstated, the government can no longer compel businesses to
41:18
submit their benefits official ownership information to FinCEN,
41:21
at least for the time being. Like dude, and and and and
41:25
taking into account the tax reporting requirements as well.
41:32
This is tyranny. This is tyranny.
41:34
I don't know how else to say it like this is insanity.
41:37
This is crazy. It's all look, you're getting
41:43
lectured by people that they can't, even with all the tax
41:52
revenue the US government collects year after year, which
41:55
is more than the year before, they can't help themselves but
41:58
to spend more than they collect. The Pentagon has failed 7 audits
42:04
in a row. 60% of the Pentagon's assets, trillions of dollars are
42:11
completely unaccounted for. But you, you peasant, $591.00
42:21
fine and you go to jail. Like the problem isn't the
42:27
rules. The problem is rules for thee
42:30
but not for me. The problem is the double
42:32
standard. That's the problem.
42:34
That is tyranny that is caused by.
42:38
The money printer. I mean, Jeff Booth says it.
42:42
Look, you have to understand that Fiat is a system based on
42:46
coercion. That it.
42:48
Needs. Coercion in order to function,
42:50
because if people had a choice, they would opt out of that
42:54
system. So they have to coerce people
42:57
into using that system. And This is why I always say the
43:01
question isn't what is money. That's the initial question.
43:05
The second question is. What is government?
43:09
Because if you look at what government is supposed to be,
43:12
what the original vision of this country was based on the
43:17
Founding fathers, it did not include the Federal Reserve.
43:21
It did not include this massive bureaucracy.
43:25
Remember, government does not produce anything.
43:29
So by definition it is parasitic and if it grows too big, it
43:35
needs to do these things because it there's no other way of it
43:38
raising revenue. And this is where we are.
43:44
So when I say Bitcoin or slavery, if we continue down the
43:50
path of Fiat, which will inevitably lead to central bank
43:54
digital currencies, which will inevitably lead to more taxes,
43:57
which will inevitably lead to more control because that system
44:01
needs control in order to function, that is slavery that
44:06
you 100% or the alternative is freedom.
44:11
The alternative is Bitcoin because if we're successful, and
44:16
make no mistake, we have to end the Federal Reserve, we have to
44:20
end inflation. The indirect consequence of that
44:27
is government shrinks. No more endless wars, no more
44:33
tyranny, no more unnecessary regulation.
44:36
You know what that would do? Do you think those 32,000,000
44:41
businesses knew that this was going to happen?
44:45
So, so, So the government is now in the business of shutting down
44:49
businesses. That's not the role of
44:52
government specifically in the United States.
44:55
That is not the role of government.
44:57
But the role of government has been Frankensteined and has
45:00
grown much bigger than its original purpose.
45:04
And you know, and you see that people are sick and tired of it.
45:07
This is why the doge thing with Elon and Vivek is so popular.
45:11
This is why, you know, a populist got elected.
45:16
But it does not address the root issue.
45:18
The root issue is the fact that they have a money printer.
45:22
Even if Elon is successful and the guy lands rockets, he builds
45:26
dope cars and he's an extremely competent entrepreneur.
45:29
Never underestimate Elon. But he's just one election away
45:34
for another administration coming in there and reversing
45:38
everything he got he did. If we don't address the root
45:43
cause of this, it will lead to more tyranny.
45:47
It will lead to more taxes, it will lead to more nihilism, it
45:51
will lead to more wars. That's what it will lead to.
45:56
We must separate money from state or humanity will always be
46:00
enslaved. Full stop.
46:02
Opti, what's your take on this? Yeah.
46:05
Well, it's very, it's very interesting to kind of see what
46:11
Bitcoin can offer to the world and what the traditional world
46:14
financial world is. You know, the status quo right
46:17
now. And as you're saying it, it's
46:19
becoming very obvious, I think to a lot of people that the
46:22
federal governments all around the world are, are over bloated
46:26
and the bureaucracy that has been imposed on the citizenry is
46:30
making things incredibly impossible to follow it.
46:34
It kind of reminds me of that one meme or it's someone, I
46:38
forget where it came from, but someone said essentially, you
46:40
know, there's so many laws in the world right now that if they
46:44
want to make you out to be a bad person, they can definitely do
46:48
that. And it's almost impossible to
46:49
follow all of these laws. And it's because of that
46:52
bureaucracy that you're talking about.
46:53
It's becoming very clear that as the doge stuff, you know, the
46:58
Department of Government efficiency starts to catch a
47:00
little bit of steam and people start to see maybe there is a
47:04
problem and they want to hopefully minimize government.
47:07
It's becoming very clear that there is a problem out there.
47:10
And hey, Nika, I'm glad that we can finally start to say, well,
47:13
I don't know if we can say it here.
47:15
We'll we'll use the other term. You know, that there is a cancer
47:18
out there that must be eliminated.
47:21
And it is the bloat of bureaucracy.
47:23
And I'm, I'm reminded of a Thomas Soule quote where he
47:26
essentially says, you know, to people responding to what would
47:29
we do without government? And it's like, well, when you
47:32
remove a cancer, you don't replace it with another cancer.
47:35
It's like life will flow better. And I, you know, I think this is
47:38
a long journey and I think this is going to play out for a long
47:41
time. And I'm obviously hopeful that
47:43
things will change for the better.
47:44
And I, I think this is kind of why we show up every single day
47:48
and why Bitcoiners stack Bitcoin and why we're so vocal is
47:51
because we noticed that there is a problem, but the solutions
47:55
that are offered aren't good and they're not going to help
47:58
things. In fact, they usually make them
48:00
worse. And so we're seeing that people
48:02
are, are looking for alternatives and hopefully
48:05
things work out for the better. But man, I don't know things,
48:08
things are getting crazy in the bureaucratic state out there.
48:10
And, and as they start to lose that control, obviously they're,
48:14
they're probably going to implement some, some even more
48:17
stringent rules and, and really kind of like lose their power in
48:21
in that very fact of doing it. So I don't know, man, things are
48:23
getting crazy out there. But all I know is I'm going to
48:27
just keep stacking Bitcoin and we will, you know, keep keep
48:32
going. Yeah, 100% Bitcoin fixes this
48:36
guys, and you know, we are, you know, tomorrow's Bitcoin used
48:39
today and I'm telling you there's something more at play
48:42
here that. Elon has correctly identified
48:46
the problem. I would say Trump has somewhat
48:49
identified the problem. However, as long as the money
48:52
printer exists, as long as a central bank.
48:55
Exists. Even if you get a moral and you,
49:00
I don't even want to say that, but let's say you get a
49:03
government that more accurately fits in with what your idea.
49:11
The role of. Government should be and what
49:13
their fiscal policy should be. You are just one government away
49:18
from all of that stuff being reversed.
49:22
And the way that you fix that for in the long term is you end
49:27
central banking, you we must end the Federal Reserve.
49:30
The Federal Reserve is the. Root cause of these problems
49:35
look, you guys have to understand something you know
49:37
and I love the Ron Paul quote the Federal Reserve was
49:41
originally proposed to essentially get rid of crises so
49:47
get rid of the financial. Crises provides stability to the
49:51
economy. Control unemployment.
49:54
That's what we were pitched on, right?
49:59
The biggest crises, economic crises in American history have
50:06
happened under the Federal Reserve.
50:08
The Great Depression in the 19, late 1920s and early 1930s.
50:13
And of course the Great Recession that completely
50:15
destroyed my generation. Which is the 2008 financial
50:19
2008, 2009 financial crisis? And of course, that's when
50:22
Bitcoin was born, right? Genesis, the genesis block
50:25
chance on the brink of the second bailout for banks.
50:28
Satoshi created Bitcoin as a response to central banking.
50:33
We have to remember what the long term goal is here and we're
50:37
making tremendous amount of progress and we are shifting the
50:41
Overton window. So we have to remember the the
50:44
end goal. Yes, number go up is good.
50:47
We get rich, wonderful, amazing. That's all fine and dandy, but
50:52
we, I, we have to strive for more.
50:56
And what do we want? Like what it what?
50:59
Type of future do you want your children to live in the future
51:03
generations to live in? Because if we do not end central
51:07
banking peacefully, democratically colouring within
51:10
the lines your children are destined for, slavery, like
51:17
Fiat, is one of the most malicious things that I think
51:24
has ever been invented. Because it essentially allows
51:28
this insidious taxation without most people realizing it's even
51:33
happening in the 1st place. Because if you talk to the
51:37
people around you, they're continuing to seek a political
51:41
solution when it's not. There isn't a political solution
51:44
to this. The solution is opting out into
51:47
better money like that is the solution.
51:50
So just keep your eye on the ball, keep focus because we have
51:53
to remember why we are here. Like we came for the money.
51:57
We stayed for the revolution. And make no mistake, Bitcoin is
52:01
a peaceful, big, peaceful revolution.
52:03
And all we need is at least five to 10% of the population in any,
52:09
regardless of the country, to opt out of that system.
52:13
And if enough of us do it, we're going to win, and there's
52:17
absolutely nothing they can do about it.
52:19
All right, everybody, stay tuned.
52:20
We'll be right back. We're going to hit the culture
52:22
and we're going to do a simply Bitcoin recap of 2024.
52:27
All the UPS, all the downs, all the experiences.
52:31
We'll be right back. I want to give a shout.
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hivedigitaltech.com. All right everybody, I do want
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to give a shout out to our sponsor, Bit Block Boom.
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Guys, this is going to be one of the best Bitcoin conferences
53:29
slash celebrations of the year. It's going to be hosted in
53:33
Dallas, TX April 3rd through the 6th.
53:36
Guys, this is the first Bitcoin conference where me and Opti met
53:39
each other in person. In fact, if you're trying to get
53:42
a job in the industry, network. With your favorite.
53:44
Bitcoiners, this is one of the best conferences.
53:47
To go to. They have famous dinners, famous
53:50
lunch, famous events, and again, you could talk to your favorite
53:54
bitcoiners. Or perhaps you want to work at a
53:56
Bitcoin company. Again, if you're trying to get a
53:59
job in the space, the era of sending resumes in is.
54:04
Over the way you get a job in Bitcoin is by going to Bitcoin
54:09
conferences and speaking to the CEOs, speaking to the people
54:13
that work at those companies. The entire Simply Bitcoin crew
54:17
is going to be there, Nico. Rustin Dante, It's going to be
54:20
great. You guys don't want to miss this
54:22
event and you could use promo code BBB21 to get $100 off of
54:29
your tickets. We hope to see you guys at Bit
54:32
Block Boom 2020. Five April 3rd through the 6th
54:36
in Dallas, TX. Get your tickets quickly before
54:39
the prices go up. Anyways, Opti, I see you have
54:41
something pulled up our boy. Nick.
54:44
Hoffman of Nicholas Hoffman, I apologize.
54:47
Nicholas Hoffman of Bitcoin Magazine seems like he did a
54:50
little bit of a recap Opti. Yeah, yeah.
54:52
So you know, I'm gonna use this as a jump off point.
54:54
So shouts out to our boy Nicholas Hoffman.
54:56
He's the gal. It's a buddy, personal friend.
54:59
Love him and his Twitter account.
55:01
Anyways, he just goes. You know 2024 was a legendary
55:04
year for Bitcoin. Bitcoin broke 100K.
55:07
Trump embrace Bitcoin. Gary Gensler is leaving the SEC
55:11
spot. Bitcoin ETF was approved and it
55:13
is a very clearly, literally the most successful ETF launch in
55:17
history. And now we have tons of public
55:20
companies adding BTC to their balance sheet.
55:23
We've seen nation states around the world starting to take
55:26
Bitcoin very seriously and so super bully for 20/20 five.
55:30
You know the Bitcoin price at the beginning of the year was
55:33
what like I think it opened at roughly 42 K.
55:36
It seems like it's going to close around 93 to 94 Ki think
55:40
it's been a crazy, crazy grind of a year for us personally here
55:45
at simply Bitcoin. It's been it's been a grind of a
55:48
year. We you know we did get that 11
55:51
fateful day where we lost our channel for a little bit.
55:54
We came back stronger than ever. You guys show up every single
55:57
day. So it really feels like Bitcoin
56:00
is entering the mindshare. It's becoming a very serious
56:03
thing. After Uncle Larry comes out and
56:06
starts to embrace Bitcoin, you see everyone starts to follow
56:09
suit. We've seen obviously once Trump
56:11
announced the Bitcoin strategic reserve, every other country
56:14
starting to follow suit. And so I'm, I think by 2025,
56:18
we're seeing that this Bitcoin thing might be actually catching
56:21
on. Guys.
56:22
I, I'm still yet to be confident if the, the having cycles are
56:27
going to break yet. Remember the meme 3 green, one
56:30
red. Well, if things play out how we
56:32
think they will, then 2025 should be a big green year.
56:37
This is the gradually then suddenly moment I think we've
56:39
all been talking about for a long time.
56:41
And I think it's just been a crazy year, Nico, like talking
56:45
about everything that happened this year.
56:47
It's it's pretty nuts to see where we started this year.
56:51
Remember at the beginning of the year, all the attacks that we
56:53
saw against Bitcoin, the industry, we're still seeing
56:56
similar attacks kind of ending the year and going into a new
57:00
administration. And so I, I don't think we're
57:02
out of the woods yet. I think the next 5 to 10 years
57:06
and even next year is going to be one of those very, very
57:11
grinding years where I don't think the price is going to just
57:14
continuously pump. I think we're going to kind of
57:17
grind up and grind down and I'm sure we're going to see new
57:19
attacks on Bitcoin. But it's been a crazy year to
57:22
say the least. And I'm, I'm really excited for
57:24
2025, though. I, I really hope more people
57:28
come into the space as the price goes up and actually get into
57:31
the good first principles and ethos of Bitcoin, start running
57:34
nodes and the culture actually does change, though.
57:37
You know me, I'm, I'm a little optimistic and hopeful in those
57:40
regards. It's still seems like when you
57:42
talk to your normally friends and family, they don't fully
57:44
wrap their heads around Bitcoin yet.
57:46
They're still kind of like, yeah, that's cute.
57:48
I wish I'd bought Bitcoin now. That's 100K.
57:50
There are, they're not fully there yet, but I think 2025
57:54
might be one of those years. And for us, man, I, I, I think
57:57
you were telling me earlier, you have the numbers better.
58:00
We started the year at what, like 20 K on our channel.
58:04
Now we're almost at 70 K this year.
58:06
So it's been a grind for us here at the channel.
58:09
I think it's been a grind for the Bitcoin network work itself.
58:12
And it seems like we are entering the mainstream
58:15
consciousness moving into 2025. But I may be a little, you know,
58:19
that may be having some confirmation bias on this
58:21
because we talk about it constantly and it seems like
58:24
Bitcoins everywhere. It's on the news tickers, it's
58:26
on, you know, the front pages of newspapers.
58:29
We we are the darling in the room now, Nico.
58:31
So let's see what happens in 2025.
58:34
So what's your take on 2024? And we'll kind of go back and
58:37
forth. Yeah, man, 2024 has been a
58:39
historic year in Bitcoin's history.
58:42
We had the approval of the Bitcoin Spot ETF.
58:45
It felt like that happened yesterday.
58:47
In January, you had Bitcoin entering into the mainstream
58:52
political discussion with a political candidate that's
58:56
running for president of the United States, mentioning it as
58:59
a campaign talking point and. Succeeding and winning the
59:04
election. And I think that was a huge
59:06
milestone in bitcoins history. And of course, you have to
59:10
mention MicroStrategy. Microstrategy's Bitcoin treasury
59:15
strategy has been vindicated. It's proven to be a massive
59:19
success. And you have companies like
59:21
Microsoft, you have companies like Amazon, you know, their
59:24
shareholders are are asking for a vote for so that those
59:29
companies can adopt Bitcoin because they're looking at
59:31
MicroStrategy and they're seeing how well that stock is
59:35
performing. And of course, on the nation
59:37
state level, you have countries like Russia, you have countries
59:40
like Brazil, you have Switzerland.
59:42
We spoke about that today. Of course, in the United States,
59:45
on the federal level, on the state level, you have talks of
59:49
strategic Bitcoin reserves. This is happening everywhere.
59:53
So there's been a historic year for Bitcoin again on the nation
59:58
state level, on the institutional level and on the
1:00:02
worldwide adoption level. So absolutely massive, huge year
1:00:07
for Bitcoin. But I think 2025 is going to be
1:00:12
even bigger because if you look at Bitcoin's history.
1:00:17
What tends to happen is the parabolic year comes one year
1:00:22
after the having and that is 2025.
1:00:26
So does that mean it's absolutely guaranteed?
1:00:29
No, of course not. There are no guarantees,
1:00:31
however, if Bitcoin follows this historical patterns, it seems
1:00:36
like 2025 is lined up from for some explosive action.
1:00:42
And I can't wait. It's going to be extremely
1:00:44
exciting. And one of the things I'll say
1:00:46
too as well is like, look, we're hearing.
1:00:52
Talks of strategic Bitcoin reserves, but none of them have
1:00:55
happened yet. Right, of course, El Salvador
1:00:58
leading the charge. But El Salvador's a relatively
1:01:01
small country if the United States, and right now it's at
1:01:07
30% on polymarket makes Bitcoin a strategic reserve.
1:01:13
Oh my God, I would not be surprised if we hit half
1:01:17
$1,000,000 Bitcoin next year. If that happened.
1:01:19
I'm not surprising whatsoever because it becomes an arms race
1:01:25
for countries all around the world to accumulate as much
1:01:29
Bitcoin as possible or potentially missing out,
1:01:34
potentially getting left behind. And I'm even talking about
1:01:37
China. China's not going to have a
1:01:40
choice. Even if it uses Hong Kong as a
1:01:42
proxy. Doesn't matter.
1:01:44
So. Incredibly exciting, not to
1:01:46
mention the ETF, the best performing ETF in history.
1:01:52
In history. You have Larry Fink.
1:01:55
Five years ago, he was saying that, you know, Bitcoin is an
1:01:59
index of money laundering, that Bitcoin's incentives do their
1:02:03
thing. And one of the biggest
1:02:05
proponents of Bitcoin right now is Larry Fink.
1:02:09
He is going on legacy media, and he is preaching Satoshi's
1:02:13
gospel. Like, if that is not winning, I
1:02:17
don't know what is. And of course, MicroStrategy,
1:02:20
500%, this year, 600%. And all they did, they adopted a
1:02:26
Bitcoin treasury strategy. So.
1:02:29
You know, I am beyond excited for 2025.
1:02:34
I think it's going to be an amazing year for Bitcoin and for
1:02:37
Bitcoiners. And, you know, 2024 was not only
1:02:42
an amazing year for Bitcoin, it's also an amazing year for
1:02:46
simply simply, you know, we evolved from a small hobby
1:02:50
podcast to a podcast. And we established ourselves as
1:02:56
a small media company this year. And you know, we're grateful for
1:03:01
all you guys for coming along on the ride with us and making this
1:03:06
possible because we wouldn't be here without our audience.
1:03:09
So we really, really appreciate that from you guys.
1:03:12
We really appreciate all the support, all the love we get in
1:03:15
the messages, even all the negative comments that we get
1:03:18
sometimes we appreciate those as well.
1:03:20
And we wouldn't be here without you.
1:03:23
And it's an. Honor and a.
1:03:24
Privilege to get to be able to do this, you know, on a daily
1:03:28
basis and talk to you guys and fill you in about what is the
1:03:32
latest news in Bitcoin. And that is not something that
1:03:36
we look at lightly and hopefully in 2025, we can up our game even
1:03:41
more and bring you even better Bitcoin content continuously.
1:03:46
And we appreciate you guys. We love you guys and thank you.
1:03:51
Thank you so much. Yeah, totally.
1:03:55
Man, 2024 has been a grind of a year and my mom's seriously not
1:04:00
looking forward to all the work we have to do in 2025.
1:04:03
But I will take it one day at a time because we're we're in this
1:04:06
for the long run. And hopefully 2025 we see some
1:04:09
fireworks out there. It's going to be very
1:04:11
interesting to see if some of these big, sorry, some of these
1:04:15
big corporations follow the micro strategy strategy.
1:04:18
I'm really excited to see if more people start to adopt.
1:04:22
I'm really kind of looking at 2025 and I'm wondering if we're
1:04:25
going to see what we saw in 2017.
1:04:27
And if that's the case, then we're in for a pretty crazy
1:04:31
year, Nico. And man, I, I remember I got it
1:04:35
in 2017. It seems so long ago now.
1:04:37
That's what, 7 years, I guess going on 8 years now.
1:04:41
And I think we're, I think we're due for a parabolic bull run.
1:04:46
And we all know what happened in 2021.
1:04:48
So hopefully this time's different.
1:04:50
It does feel like this time is different, man.
1:04:52
So love you guys. It's been a great year.
1:04:55
We will be back tomorrow. Obviously it's not we're not
1:04:59
taking a break or anything, but it's going to be a crazy 2025
1:05:03
and and I guess we made it Nico, I guess we made it another year.
1:05:07
Let's see if we can make it another year.
1:05:10
Absolutely love you guys, have an amazing happy New Year and
1:05:15
we'll see you next year. Peace out everybody, love you
1:05:18
all. Today's episode was brought to
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you by bitcoinwell.com, a Bitcoin only platform on a
1:05:25
mission to enable financial independence.