Latest / Simply Bitcoin / How Much Bitcoin do YOU Need to be in the Top 1% ? | EP 923

Transcript

How Much Bitcoin do YOU Need to be in the Top 1% ? | EP 923 · Simply Bitcoin

• 0:03
  It's all going to zero against Bitcoin.
• 0:07
  It's going up forever. You're against Bitcoin.
• 0:17
  You're against freedom. Yeah.
• 0:25
  Welcome to another episode of Simply Bitcoin Live.
• 0:27
  Your number one source for the peaceful Bitcoin revolution.
• 0:30
  Cover breaking news. Culture.
• 0:31
  Matic Warfare. We'll be your guide through the
• 0:33
  separation of money and state. Today we're going to ask a
• 0:37
  question, which is how much Bitcoin do you need to be?
• 0:41
  How much Bitcoin do you need to own to be in the top 1% of
• 0:46
  Bitcoin holders? The answer might surprise you.
• 0:49
  It's not as much as you think, and it also depends on where you
• 0:54
  live geographically, of course. You know what in?
• 0:57
  What is the? What would What would be the top
• 1:00
  1% of in the United States? How many millionaires are there
• 1:05
  around the world? What if every millionaire wanted
• 1:07
  to buy just one Bitcoin? What if every Bitcoin was even
• 1:11
  even though this is not going to happen?
• 1:12
  But what if every Bitcoin was evenly distributed amongst the
• 1:16
  world population? You know, how much would it take
• 1:19
  to be in that 1% number? So we're going to break all of
• 1:22
  that down today. And then we have, we have like a
• 1:25
  bunch of statistics, some memes also that are pointing it out.
• 1:29
  So it's going to be very interesting.
• 1:30
  I'm excited for this conversation and we've done a
• 1:32
  couple shows on this topic in the past and it seems like you
• 1:36
  guys like this topic. So we're going to keep doing it
• 1:38
  for you guys because you guys enjoy it.
• 1:40
  Also in other news, historic interview yesterday with with a
• 1:46
  historic interview yesterday with Tucker Carlson and the
• 1:51
  presidents of Russia, President Vladimir Putin.
• 1:54
  Now, regardless of whether you agree or you disagree in the
• 1:58
  interview, I mean like the guy's a trade, the, you know, Putin is
• 2:01
  a trained KGB agents. I mean, like, forgive me if I
• 2:06
  don't trust everything he has to say, but from a historical
• 2:09
  context, it's very, very important because this interview
• 2:13
  was not meant to happen. This is an interview.
• 2:16
  Tucker using his platforms, right, and using X, using
• 2:21
  Twitter and using his own website, was able to circumvent
• 2:26
  the legacy corporate media, the gatekeepers of information, the
• 2:30
  so-called control narrative, to do an interview with someone who
• 2:35
  has been villainized, You know, if you watch the legacy media.
• 2:40
  And that's one of the justifications of printing all
• 2:43
  that money and then sending all that money to fund a foreign
• 2:46
  war, right. So regardless of whether you
• 2:50
  agree or you disagree, what we got last night was a different
• 2:53
  perspective, right. And from a historical
• 2:57
  standpoint, like I was saying, this marks the beginning of the
• 3:01
  really what the book, the sovereign individual theorized
• 3:05
  were heading into the information age where people are
• 3:10
  going to be able to consume information from multiple
• 3:13
  sources, not just a handful. I'm going to say it a handful of
• 3:18
  captured media outlets, approved media outlets, you know,
• 3:22
  approved narrative, right. You know, the handful of
• 3:25
  newspapers, the handful of legacy media channels.
• 3:29
  Now, anybody could build a platform on all the different
• 3:34
  networks, right, whether that's X, YouTube, Rumble, Noster, I'm
• 3:39
  a big fan of Noster because you just can't ban anyone.
• 3:41
  So we're and we're going to see an acceleration of this and
• 3:44
  people are going to get to pick and choose what information they
• 3:48
  want to consume and what information they don't want to
• 3:51
  consume. And that's going to make it
• 3:52
  incredibly difficult for governments that have been used
• 3:56
  to being able to control the narrative for a very, very long
• 3:59
  time. That ability is going to be
• 4:01
  greatly diminished as we continue to head into this very
• 4:06
  new and exciting era where information is being
• 4:10
  disintermediated. And at the same time, while all
• 4:13
  of this is happening, money is being disintermediated as well,
• 4:17
  right. So the the we're going to see a
• 4:20
  lot of changes in human society, how it's organized in the next
• 4:25
  couple of decades and it has me extremely excited because I
• 4:29
  think we're going to see a a a new freedom renaissance so to
• 4:33
  speak. You know I I I think the role of
• 4:36
  government in people's lives is going to be greatly diminished.
• 4:40
  And I think the people that understand that and are prepared
• 4:43
  for that are going to thrive. And I think the people that are
• 4:46
  don't understand that are going to get caught by surprise and
• 4:50
  unfortunately maybe a lot of them will be get get left
• 4:53
  behind. So this is a crazy crazy 4th
• 4:57
  turning. This is a crazy, crazy moment in
• 4:59
  history that we're all living through.
• 5:01
  We have the privilege of being able to live through this moment
• 5:03
  in history. And I think that interview was
• 5:07
  definitely a historic milestone to say the least.
• 5:09
  So anyways, lots of exciting stuff to talk about on today's
• 5:12
  show. I want to bring up my legendary
• 5:15
  Co host Optimus Fields. He is smiling today.
• 5:17
  That means it's going to be an excellent episodes.
• 5:20
  How you how you doing Opti? I'm doing great, man.
• 5:23
  God's good. Life is good.
• 5:24
  Everything's great. Bitcoins pumping.
• 5:26
  Woke up to some pumping today. Man.
• 5:30
  It feels awesome to be a Bitcoin.
• 5:32
  Also, actually, before I go and before I forget, I did go to a
• 5:35
  Bitcoin meet up last night. Shouts out to everyone that was
• 5:38
  there. Shouts out to everyone that gave
• 5:39
  me some love. I did kind of not so subtly
• 5:42
  sneak out so I can go eat a steak with my friends.
• 5:46
  I was at a steakhouse, but I wanted to clear the air.
• 5:49
  I was talking to Gary Leland and he could.
• 5:53
  Yeah, yeah, wait, I finally went.
• 5:55
  I finally went. I finally went and someone, he
• 5:59
  couldn't remember who it was, but I was getting trolled
• 6:02
  through Gary Leland by someone else.
• 6:03
  And he's like, look, Opti always talks about going to Bitcoin
• 6:06
  meetups and he never goes to a Bitcoin meet up.
• 6:09
  Well guys, I literally only hang out with Bitcoiners and I talk
• 6:12
  about Bitcoin all day. So sometimes I want to unplug.
• 6:14
  Forgive me, but hey, I was there.
• 6:16
  Thank you to the guys and that yeah everyone that was saying
• 6:20
  like man we we love simply Bitcoin love watching what you
• 6:22
  guys are doing. I I watch it every day so it it
• 6:25
  felt good man. Nico it seems like we're
• 6:27
  actually doing something awesome and I'll I'll make it back.
• 6:31
  It was a vibe I I enjoyed it so and and also Parker Lewis was
• 6:34
  talking it was like it was like an actual like mini conference.
• 6:36
  I thought it was just going to be like a hangout so it was
• 6:39
  pretty good. But I I did have to sneak out
• 6:41
  because I was on a deadline with my friend who drove me there and
• 6:45
  we wanted to eat a steak. So not so subtly locked out
• 6:48
  during the Q&A. So I'm sure people like oh look,
• 6:51
  Opti showed up and then left all early like an influencer.
• 6:54
  Now we went to the other side to eat a steak.
• 6:56
  Anyways, let's bring in our guest.
• 6:58
  Yeah, absolutely. Today's show.
• 7:00
  Do some go Nico, this is this is Rashad.
• 7:04
  He just he's recently, he just joined the Simply Bitcoin
• 7:08
  writing team. He's gonna be doing some writing
• 7:10
  for us. He's made it on the he's come on
• 7:13
  the show before. We're super, super happy to have
• 7:16
  him back on and we, we got to speak for a brief time
• 7:21
  yesterday. And Rajat, what you said was
• 7:24
  fascinating because you said you went from being a, you know,
• 7:29
  someone who invested in real estate and said like real estate
• 7:32
  is the investment to, you know, fully taking the orange pill and
• 7:36
  understanding that, you know, Bitcoin is the superior asset.
• 7:40
  So I'm really, really excited and curious to really hear that
• 7:43
  story, what you went through psychologically and mentally.
• 7:47
  What was that process process like?
• 7:49
  So happy to have you on the show again, man.
• 7:52
  Definitely happy to be here. Yeah.
• 7:55
  And then actually Rajat, so we give some context again, you are
• 7:59
  also ACFA, so this is not just another, you know, bitcoiner on
• 8:04
  the Internet. He, he's got the accolades and
• 8:06
  he's got the background to to back up what he's saying.
• 8:09
  So I'm super excited for today's culture.
• 8:12
  Yeah, it's gonna be, it's gonna be great.
• 8:14
  We got a lot, We got a lot of stuff to unpack on today's show,
• 8:18
  and today is Meme review Friday. So we're gonna have a meme
• 8:21
  review. We have the memes already
• 8:24
  already lined up for you guys, if you guys are new to the show,
• 8:28
  on simply Bitcoin. We used to review memes every
• 8:30
  single day. We moved it to Friday to make it
• 8:33
  a little bit more special. So today is Friday.
• 8:36
  So we're going to review some memes towards the end of the
• 8:38
  show. Some Bitcoin memes.
• 8:39
  Remember guys, memes are very, very powerful way of
• 8:43
  transmitting information. Anyways guys, it's going to be a
• 8:46
  great show. We have a ton to talk about.
• 8:49
  Let's get to numbers, let's check it out.
• 8:51
  Here we go. But before we do that, I want to
• 8:53
  give a shout out to our flagship sponsor, Bitcoin.
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  Anyways, guys, no more delay. Let's jump straight into the
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  Bitcoin price is 47,565 SATS per dollar 2102 block height 829,706
• 11:08
  blocks to having 10,294 having estimate April 19th 2024 Total
• 11:16
  lighting network capacity 4757 Bitcoin capacity value 226
• 11:23
  million U.S. dollars. Realize monetary inflation
• 11:26
  1.75%. The market capitalization of
• 11:30
  Bitcoin is 933 billion U.S. dollars and the Bitcoin verse
• 11:35
  gold market cap is 6.77%. In the grand scheme of things,
• 11:39
  Bitcoin is just getting started. So, ladies and gentlemen, I the.
• 11:43
  Following is an interview, yeah. So the Tucker Carlson interview
• 11:48
  yesterday Literally, I would say broke the Internet.
• 11:51
  This thing has 99 million views, just to kind of give you guys.
• 11:56
  It's got 107 million views. So I haven't even updated it
• 12:00
  yet. Let's update that screen.
• 12:02
  Here we go. And yeah, 120. 20 wow. 128
• 12:07
  ladies and gentlemen. So just to give you guys a
• 12:10
  reference, Joe Rogan is the most popular podcaster on the face of
• 12:14
  the Earth and he gets 11,000,000 listens per episode.
• 12:20
  Tucker was the second most popular broadcaster when he was
• 12:23
  at Fox and he would get an average of 3.5 million watches
• 12:29
  per episode. This already has 128,000,000.
• 12:33
  Not to mention the views that it got on YouTube.
• 12:37
  Yeah, this, this is, this is, this is a changing of the guard.
• 12:42
  This is, this is very different. What is happening?
• 12:46
  And I I posted about it yesterday because it really,
• 12:50
  really was kind of like a historic moment, I said Tucker's
• 12:55
  interview represents the beginning of a future where
• 12:57
  individuals decide what to believe and not governments.
• 13:00
  Now someone responded to me, someone responded to me and said
• 13:06
  by interviewing the government, nothing's changed.
• 13:09
  Putin's words are still scripted propaganda, and I said you're
• 13:13
  missing the point. The historical significance of
• 13:16
  this event lies in the fact that the Interview happened in the
• 13:18
  1st place and was distributed on such a large scale, thereby
• 13:23
  circumventing the traditional gatekeepers of information, not
• 13:26
  the substance of the interview. And that's what I thought.
• 13:29
  That's what I want you guys to focus on.
• 13:31
  Because at the end of the day, guys, if we can't have freedom
• 13:34
  of speech, freedom of speech is the front line for Bitcoin.
• 13:39
  If we can't have freedom of speech, what do you think?
• 13:41
  If people are not OK with you, transact or talking freely, what
• 13:46
  do you think? You think they're going to be OK
• 13:48
  with you transacting freely, right?
• 13:51
  So. And we're living through this
• 13:53
  crazy, crazy time. I called the disintermediation
• 13:56
  of information and also the disintermediation of money.
• 14:00
  Anyways, here is a very interesting clip from the
• 14:03
  interview. Obviously the interview is like
• 14:04
  2 hours long. Putin gives like a history
• 14:07
  lecture in the beginning. It's kind of funny, but we are a
• 14:11
  Bitcoin show, right? So we're not going to get into
• 14:14
  any of the politics because that's not what this show is
• 14:16
  about. But we are going to play you
• 14:18
  guys a portion of where Putin talks about the US dollar and
• 14:24
  how the US dollar was weaponized.
• 14:27
  And this is something that we have said on simply Bitcoin
• 14:30
  many, many times, right, Is that the the US dollar was weaponized
• 14:34
  and because it was weaponized, it incentivized other countries
• 14:38
  around the world, specifically countries that don't necessarily
• 14:41
  have the best relationships with the US to seek an alternative.
• 14:46
  And that is bad news for Americans because Americans
• 14:49
  benefit tremendously from the dollar being the world reserve
• 14:54
  currency. I just, I can't emphasize that
• 14:56
  enough. So look, you know if obviously
• 15:01
  there's like a self sabotage happening here, right?
• 15:05
  It's self-inflicted wound by bureaucrats that can't help
• 15:09
  themselves obviously. You know, we have an escape
• 15:13
  valve. We have a way out.
• 15:14
  And of course that way out is Bitcoin.
• 15:16
  Anyways, I'll play you guys a clip from the interview with
• 15:19
  Tucker Carlson and Vladimir Putin as it relates to the
• 15:22
  dollar. Let's check it out.
• 15:24
  You know, so use the dollar as a tool of foreign policy struggle
• 15:28
  is one of the biggest strategic mistakes made by the US
• 15:31
  political leadership. The dollar is the cornerstone of
• 15:38
  the United States power. I think everyone understands
• 15:41
  very well that no matter how many dollars are printed,
• 15:44
  they're quickly dispersed all over the world.
• 15:53
  Inflation in the United States is minimal.
• 15:55
  It's about 3 or 3.4%, which is I think, totally acceptable for
• 15:59
  the US. But they won't stop printing.
• 16:03
  What does the depth of $33 trillion tell us about?
• 16:06
  It is about the emission. Nevertheless, it is the main
• 16:13
  weapon used by the United States to preserve its power across the
• 16:16
  world. As soon as the political
• 16:18
  leadership decided to use the US dollar as a tool of political
• 16:21
  struggle, a blow was dealt to this American power.
• 16:26
  I would not like to use any strong language, but it is a
• 16:28
  stupid thing to do and a grave mistake.
• 16:37
  Look at what is going on in the world.
• 16:39
  Even the United States allies are now downsizing their dollar
• 16:41
  reserves. Seeing this, everyone starts
• 16:44
  looking for ways to protect themselves.
• 16:46
  But the fact that the United States applies restrictive
• 16:48
  measures to certain countries, such as placing restrictions on
• 16:51
  transactions, freezing assets, etcetera, causes great concern
• 16:55
  and sends a signal to the whole world.
• 16:59
  I mean, look again, you know how much could you trust Putin,
• 17:05
  right? Like, how much could you trust
• 17:06
  this guy? Ex KGB agent?
• 17:08
  But, I mean, what he's saying is true, right?
• 17:12
  The dollar has been weaponized not only against foreign
• 17:16
  governments, but actual citizens here in the US, right?
• 17:20
  The freezing of accounts, right? Money shouldn't be weaponized.
• 17:25
  It's something that bitcoiners understand, and I think this is
• 17:28
  where the fundamental clash is going to happen.
• 17:30
  I've, I've said this to you guys many times.
• 17:32
  This is why the Treasury Department focuses so much on
• 17:36
  the Office of Foreign Asset Control, because it is a tool.
• 17:40
  It is a political tool. Now the problem though is
• 17:44
  thinking that other countries aren't going to seek an
• 17:47
  alternative when that tool is used against them, right.
• 17:51
  So, you know, if one of the first things that happened with
• 17:56
  when Russia invaded Ukraine was the US froze, you know,
• 18:01
  everything they could in, in terms of dollar accounts and
• 18:05
  they were telling the American public that essentially that was
• 18:09
  going to lead to the collapse of, you know, the Russian
• 18:12
  regime, That never happened. Not only did that never happened
• 18:15
  in Russia, that never happened in North Korea, and that also
• 18:19
  never has happened in in Cuba. They all have heavy sanctions
• 18:22
  against those countries and those countries still operate.
• 18:25
  Right. So again, you know, this idea
• 18:29
  that money is being weaponized, I think is ludicrous.
• 18:35
  I think it's a bad idea. And I think that only, you know,
• 18:39
  a bureaucratic elite really benefit from that power.
• 18:44
  And and here's the other thing, right.
• 18:46
  And this is where I'm gonna like you know, say that like Putin
• 18:51
  was, you know, obviously he's, he's trying to like you know,
• 18:54
  rile up sympathy and all that stuff.
• 18:57
  If he had that power, he would use it too, right.
• 19:01
  Like if you had the God like power of being able to create
• 19:04
  money for free that everyone else has to work for.
• 19:07
  You know, if you were a government, you would use that
• 19:09
  If you had the power of being able to control the money flows,
• 19:13
  right, and hurt your so-called political opponents with that
• 19:19
  power, you would use that as a government.
• 19:21
  So I wouldn't trust Putin if he had the world, if Russia had the
• 19:25
  world reserve currency. I wouldn't trust China if they
• 19:28
  had the world reserve currency. What bitcoiners fundamentally
• 19:31
  understand is that no one should have the power to censor or
• 19:37
  freeze someone else's money. And no one should have the power
• 19:41
  to create money for free that someone else has to work for,
• 19:44
  right? So you know, you can still take
• 19:48
  the statement that he said and you can see the parts that are
• 19:53
  true and you can see the parts that are obviously political,
• 19:58
  right? There's there's he's obviously
• 20:00
  trying to achieve a certain political end goal, pointing out
• 20:03
  all those things. But at the same time, guys, it's
• 20:07
  true, you know, they did weaponize the dollar.
• 20:09
  They've have been weaponizing the dollar for a very, very long
• 20:12
  time. And I do agree with him in the
• 20:15
  sense that I think that was a mistake because all of a sudden
• 20:19
  countries are going to seek alternatives, right?
• 20:22
  And if you see it from also the current situation in the US,
• 20:28
  right, there's going to be an inevitable clash between Bitcoin
• 20:35
  and current US sanction policy, which is what he was referring
• 20:39
  to. Because the two are not
• 20:40
  compatible, right? If we live in a system where
• 20:45
  there's a bureaucratic elite in DC that get to decide what
• 20:50
  country and what people get to use dollars and what country and
• 20:55
  what people don't get to use dollars, and then all of a
• 20:58
  sudden there's an open monetary network and that open monetary
• 21:02
  debt work doesn't discriminate based on where you're from and
• 21:06
  where you happen to be born in or what your government is.
• 21:09
  That's why they call Bitcoin the money of enemies.
• 21:12
  Guess what's going to happen, right.
• 21:14
  You know, I don't think the two systems can coexist, to put it
• 21:18
  nicely, right? So yeah, I think that there is
• 21:22
  going to be a clash and I think that if you're able to kind of
• 21:25
  you know. Push.
• 21:27
  The political, you know, agendas aside of what he was saying,
• 21:32
  what Putin was saying, you know, there's still some signal in
• 21:35
  there. There's still some information
• 21:37
  in there. So anyways, Opti, I want to get
• 21:40
  your thoughts and then we'll pass it on to Rajat.
• 21:43
  Yeah, so obviously this interview was a very divisive
• 21:49
  interview. You know, people are taking
• 21:50
  their sides and all divisions divide.
• 21:53
  But like, I'm glad that this was being said.
• 21:56
  You know, what we do here at Simply Bitcoin is we try to
• 22:00
  spread the Bitcoin message as far as we can on YouTube.
• 22:04
  And you know, love or hate Tucker Carlson, he just spread
• 22:08
  that little tidbit, you know, hopefully all those 100 +
• 22:11
  1,000,000 views, got that little tidbit that the dollar has been
• 22:15
  weaponized that the federal government of the US, the
• 22:18
  Federal Reserve, they have detached themselves from reality
• 22:23
  and they are using the dollar as a weapon and they no longer have
• 22:30
  to even abide by what the free market, AKA all of U.S. citizens
• 22:34
  out here believe. They just have to print as much
• 22:36
  money as possible and put that wherever they want to.
• 22:39
  And they they've completely run amok.
• 22:41
  And this is what we talk about all the time.
• 22:43
  And of course, guys, it's not left or right.
• 22:45
  I don't care, you know, if you're on the Russian side or
• 22:48
  you're, you know, AUS nationalist or whatever, you
• 22:52
  know, whatever side of the aisle you wanna talk or call Tucker
• 22:55
  Carlson a useful idiot or whatever you like him.
• 22:58
  I think that's all besides the point.
• 23:00
  And that's all distraction and noise.
• 23:02
  What is going on right now is that the Fed has pushed too far
• 23:07
  with the dollar and everyone is waking up to it.
• 23:10
  And This is why we always say here, it's not left or right.
• 23:12
  It's orange versus green, and you don't have to take that
• 23:15
  abuse. You don't have to use a money
• 23:18
  that has been weaponized that literally is designed to steal
• 23:22
  from you. And whether you love him or hate
• 23:26
  him, as in Putin, I think he hit the nail on the head here like
• 23:29
  the dollar has been weaponized. And This is why we always say
• 23:32
  it's a separation of money in state.
• 23:34
  We believe that no single government, no single person, no
• 23:37
  singer cabal of bankers should be in control of money because
• 23:41
  they get an excess amounts of power from controlling the
• 23:44
  money. And This is why we are in the
• 23:46
  position we are right now. And so we're seeing that we are
• 23:51
  breaking up from the unipolar world into what seemingly looks
• 23:54
  like a multipolar world. And people are looking for
• 23:58
  alternatives. They they're looking to sell
• 24:00
  dollars. They're looking to use a money
• 24:02
  that cannot be censored, that cannot be debased.
• 24:06
  And we're still in this early innings of this.
• 24:08
  Like, I really do believe that by the end of this year, the
• 24:10
  signal is going to continue to spread and more and more
• 24:13
  everyday people are going to get on Bitcoin.
• 24:16
  Because like like I was mentioning, I went to a meet up
• 24:18
  last night and Parker Lewis said something that I thought was
• 24:21
  very interesting when we were talking about, I think someone
• 24:25
  questioned him and I'm probably butchering the question, but
• 24:27
  like are we going to see hyperinflation in the US?
• 24:30
  And he's like, I mean if you're really looking at it, we are
• 24:34
  seeing it happen right now. And he mentioned Venezuela how
• 24:37
  when their currency lost 50% of their purchasing power, I forget
• 24:42
  the dates. I think he said like 2015 or
• 24:44
  something like that. The country wasn't even
• 24:47
  officially in a hyperinflation mode and only in hindsight can
• 24:50
  you look back and be like, oh this is when hyperinflation
• 24:53
  started and I think we're we're in that position right now.
• 24:55
  If you go to the grocery store, I sure you can realize that that
• 25:01
  your purchasing power isn't going as far as it used to.
• 25:04
  And we will probably be looking back at this like maybe even
• 25:08
  tomorrow or yesterday in particular as a defining moment
• 25:11
  when the world knew that the dollar was hyperinflating, that
• 25:15
  the dollar is losing that world reserve currency status.
• 25:18
  And hopefully we move towards a Bitcoin standard, a world where
• 25:22
  Bitcoin becomes that world reserve currency and the world
• 25:26
  will improve. You know, I think collaboration
• 25:29
  is a lot better than having the monopoly of force and I think we
• 25:34
  are moving into a better world. I think more and more people are
• 25:37
  waking up to the idea that, hey, why does one government control
• 25:40
  the money when now we have a money that is literally
• 25:43
  uncontrolled. This is the beauty of it.
• 25:45
  Censorship resistant, debasement proof.
• 25:47
  No single entity controls it. Like we're moving into a hyper
• 25:52
  bitcoinized world. And it's happening right now.
• 25:54
  And I think yesterday I was having this all last night.
• 25:57
  Like, I feel like yesterday is one of those days that I will
• 25:59
  remember for a long time and I have a bad memory, so I'm it
• 26:03
  feels like one of those very important days, like love them
• 26:06
  or hate them. Was right.
• 26:10
  Gary was right about you going to a meet up.
• 26:12
  What? What do you say?
• 26:14
  About you, how you should be going to meetups.
• 26:16
  Oh yeah. I mean, I'm not against it.
• 26:21
  But anyways, man, the signal, the signal in that little clip
• 26:25
  is strong and hopefully what 120 is like a third of the US
• 26:30
  population. Hopefully people are waking up
• 26:32
  to, hey there, you know, we know the problem, there's a solution
• 26:35
  and it is Bitcoin. Anyways, Raja, what?
• 26:37
  What's your thoughts on this? I completely agree with what
• 26:41
  you're saying. I mean the the fact that our
• 26:44
  money is just constantly losing value and most people, I think
• 26:48
  most people actually have no clue that this is happening,
• 26:51
  right. They just see that, oh, the
• 26:53
  price of my housing, the price of my food, the price of my
• 26:56
  energy is going up. And and the fact that I mean
• 26:58
  what you guys are saying, the fact that Tucker was able to do
• 27:02
  something like this, he was able to interview somebody that's
• 27:05
  known as the enemy number one, I guess.
• 27:11
  I mean the fact that he was able to interview somebody like that
• 27:13
  without having any issues changes it.
• 27:18
  It changes everything. It changes how information
• 27:20
  flows. It changes how people understand
• 27:24
  the world. It changes it it it changes the
• 27:27
  the perspective that we're taught to believe.
• 27:29
  Right. When when more people see that,
• 27:32
  OK the dollar is dying. I know.
• 27:34
  I I mean I personally know I, I'm, I, I'm from a traditional
• 27:38
  finance background. Right?
• 27:40
  As soon as I started posting about how the dollar is slowly
• 27:44
  dying, a lot of people didn't like it.
• 27:47
  But there are other people who figured it out.
• 27:49
  I mean, they saw what I was saying, and they, it's exactly
• 27:53
  the same thing with with this, right?
• 27:55
  You have to kind of filter your own information.
• 27:57
  Of course. I don't trust anything that
• 28:00
  Putin says. I don't trust anything that
• 28:01
  Biden says. I don't trust anything that any
• 28:03
  of these guys say. I mean, at the end of the day,
• 28:04
  it's more about making your own decisions, right?
• 28:06
  It's about having different perspectives of the world from
• 28:10
  somebody who's in a completely different part of the world.
• 28:13
  Yeah, 100%. And wait, Nico, one last thing.
• 28:16
  I I see the time we got to move on, but did anyone you know Fact
• 28:20
  Check the numbers on the Twitter post by Tucker Carlson got 120
• 28:26
  million views. Biden did his own announcement.
• 28:29
  At the same time he got like 2 million views.
• 28:31
  Like content independent content creators out here just
• 28:34
  destroying mainstream media and the corporate.
• 28:36
  Presence crazy independent content is the future, you know,
• 28:40
  the legacy media you know is, is, is not only is it captured,
• 28:44
  but you know it's it's the old world, it's the old way of doing
• 28:48
  things. I I truly believe that
• 28:50
  independent content, independent content creators and independent
• 28:54
  media is the future of media and I think the world's going to be
• 28:57
  a much better place for it. Anyways, guys, let's move on to
• 29:00
  the news. We have a lot to talk about.
• 29:02
  Let's check it out. Here we go.
• 29:04
  I want to give a shout out to our sponsor.
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  Check out the passport link in the show notes below to learn
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  more. All right guys, I've been
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  incredibly easy for you guys. You could scan the QR code on
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  Opti is showing it off on screen right now.
• 31:39
  So quick ETF update ladies and gentlemen, let's check it out.
• 31:42
  How much Bitcoin does BlackRock have today?
• 31:45
  82,516 ladies and gentlemen in the beginning of the In the
• 31:50
  beginning of the week they had 70,000, so they've increased
• 31:54
  their stack by 10,000 Bitcoin. The Fidelity ETF seems to have
• 31:58
  increased as well. Yesterday was at 66,000 Bitcoin.
• 32:02
  Currently it's at 69,000. Here is a great visualization by
• 32:07
  this website calledheyapollo.com and it's just kind of
• 32:11
  visualizing how much Bitcoin you know these large asset managers
• 32:17
  are stacking. These are thousands and
• 32:19
  thousands and thousands of Bitcoin.
• 32:22
  The Huddle ETF. The Burr ETF.
• 32:24
  That's hilarious. The Bitco ETF.
• 32:27
  The BIT, The Bitwise ETF. The ARC Invest ETF.
• 32:31
  But yeah, I mean, this is just a ridiculous amount of Bitcoin.
• 32:34
  Remember guys, they're gobbling up all the supply.
• 32:37
  There's not enough to go around. Eventually there's going to be a
• 32:40
  supply shock, and I suspect that's why we're having these
• 32:42
  crazy crazy pumps. Anyways, I do want to talk
• 32:46
  about, I do wanted to address today's topic, but first, I have
• 32:51
  a clip for you guys from Michael Saylor himself on CNNBC.
• 32:56
  Let's check that out. You know that we're going
• 32:58
  through a digital transformation of everything.
• 33:00
  Apple represents a digital transformation of telephones and
• 33:04
  and cameras, and Google's the transformation of books and
• 33:07
  libraries. Bitcoin represents a digital
• 33:10
  transformation of capital. 99.9% of the capital in the world is
• 33:14
  tied up in real estate and stocks and precious metals and
• 33:17
  bonds. And so we're .1% transformed
• 33:22
  People as they get educated on digital assets are realizing
• 33:26
  that they ought to be allocating more and more of their capital
• 33:29
  to this digital asset. And so they're moving from .1 to
• 33:32
  .2% and and and I think that's really driving the trend.
• 33:36
  It's I've said before, if bitcoins not going to zero, it's
• 33:40
  going to a million. The real.
• 33:41
  I mean, boom, if bitcoins not going to zero, it's going to a
• 33:44
  million. I 100% agree.
• 33:46
  I mean we showed you guys the visualization, the, the graphic,
• 33:50
  right? You know, the the, the engines
• 33:53
  are just getting started. This party is just getting
• 33:55
  started. So let's answer the question of
• 33:58
  today's topic, today's title, right?
• 34:00
  How much Bitcoin to be in the top 1%?
• 34:04
  I mean, it depends. It depends how you break it
• 34:07
  down, right? So you know, 21,000,000 / 8
• 34:11
  billion people. If those people you know, if you
• 34:14
  were to divide that Bitcoin equally, it would be .002625
• 34:19
  Bitcoin. You know you'd be the 1% of that
• 34:22
  would be .026 Bitcoin, right? What about 21 million Bitcoin
• 34:28
  divided by 65,000,000 millionaires all around the
• 34:31
  world? It would come out to if if each
• 34:34
  millionaire equally divided all that Bitcoin, it'd be .32
• 34:37
  Bitcoin per millionaire. What about millionaires in the
• 34:42
  US? There's roughly 22 million
• 34:44
  millionaires in the United States of America, and if they
• 34:48
  equally divided the Bitcoin, it would be .95 Bitcoin per each
• 34:52
  one. What about if you divided 21
• 34:56
  million Bitcoin by the top 1% of the of the US, which is 338,000
• 35:01
  people? You'd need roughly 62 Bitcoin.
• 35:06
  So I mean look guys, in the grand scheme of things, I I
• 35:11
  would say one of the most bullish stats here is this one
• 35:13
  right here, right. You know if if every millionaire
• 35:18
  in the worldwide and this is totally this is still roughly
• 35:21
  achievable if you work your ass off but you're definitely
• 35:24
  running out of time get yourself to .32 Bitcoin, right, I'd say,
• 35:30
  I would say you're an elite class and especially if you zoom
• 35:32
  out on a on a on a worldwide level, yeah you're in a super
• 35:37
  super elite class if you have that much Bitcoin.
• 35:39
  What about on the, you know, on AUS centric view?
• 35:43
  Yeah, only .95%. I mean .95 Bitcoin.
• 35:48
  I mean, like, these aren't crazy, crazy numbers.
• 35:51
  Of course, we had many, many years in order to get to that
• 35:54
  point. Now I love this meme and I know
• 35:57
  that Opti loves memes and it is, you know, meme review Fridays.
• 36:01
  So I think this is a great meme and you know it's the Citadel
• 36:05
  and it like it shows the levels of of bitcoiners, right.
• 36:10
  So of course it's the bottom and you know like it's the guy it's
• 36:13
  like hell and you know the the rope the cope, the hope, right.
• 36:17
  So you know and it it kind of, you know it kind of shows you
• 36:20
  the different levels, right. So the suicide stack, it's about
• 36:24
  one Bitcoin. The break it, the break it
• 36:28
  stack, it's about 5 Bitcoin. The make it stack it's about a
• 36:33
  little been between 5:00 and 10:00 Bitcoin.
• 36:36
  The generational wealth 10 Bitcoin, the Dukes 50 Bitcoin,
• 36:40
  the kings 100 Bitcoin, the emperors 1000 Bitcoin and then
• 36:45
  at the top they don't even have it's just those two twins.
• 36:48
  You guys know what I'm talking about The meme of 10,000 Bitcoin
• 36:52
  which is that's like Michael Saylor level type of type of
• 36:56
  Bitcoin. Anyways, let's take it a little
• 36:57
  bit more seriously and let's break it down according to this
• 37:02
  this breakdown. So this breakdown was actually
• 37:05
  made originally in 2017, but I still think it holds true today
• 37:09
  and it kind of breaks down the individual numbers.
• 37:12
  So at the very very bottom, you would need .00006 Bitcoin to be
• 37:22
  in in the 100 percentile, the 100% percentile.
• 37:26
  To be in the top top 10% of Bitcoin holders, you would need
• 37:31
  1.28 Bitcoin. To be in the top 5%, you would
• 37:36
  need 3.99 Bitcoin to be in the top 1% of Bitcoin holders
• 37:41
  currently, according to this data, you would need roughly 15
• 37:45
  Bitcoin. Now to be in the top 1% of the
• 37:49
  1%, you'd need 89 Bitcoin. To be in the top .03% you need
• 37:54
  215 Bitcoin. To be in the top .01% you need
• 37:58
  433 Bitcoin, to be in the top .003% you need 2189 Bitcoin, and
• 38:06
  to be in the top .001% you need about 7021 Bitcoin.
• 38:13
  But times are changing. Times are changing because
• 38:16
  number go up. You know, 21 Bitcoin 1010 years
• 38:21
  ago is a very, very different story than 21 Bitcoin today.
• 38:26
  So I think this is like an updated kind of meme chart
• 38:30
  versus this one that I think this was the the updated one.
• 38:33
  It's more, you know, 'cause this has been around for a while.
• 38:36
  The updated one is interesting. So at the very bottom, it's debt
• 38:40
  slave dust or no sats. Then there's the Bitcoin pleb
• 38:44
  with less than .01 Bitcoin. Then there is the Bitcoin
• 38:48
  Soldier with .01 to .25 Bitcoin. Then there's the Bitcoin
• 38:53
  mercenary between .25 and .5 Bitcoin.
• 38:57
  Then there's the Bitcoin. Yo man, that's hilarious.
• 38:59
  Between point 1.5 and one Bitcoin.
• 39:02
  Then there's the Bitcoin knight, one to three Bitcoin.
• 39:06
  Then there's the Bitcoin Baron, three to 10 Bitcoin.
• 39:09
  Then there's the Bitcoin Lord 10 to 20.99 Bitcoin.
• 39:13
  And then there's the Bitcoin king with 21 Bitcoin and that
• 39:18
  puts you in an elite group. If you are privileged enough,
• 39:21
  lucky enough to have 21 bit 21 Bitcoin, you are an elite group
• 39:26
  of 21 million people all around the world that could own just
• 39:30
  one Bitcoin. And remember guys, remember I
• 39:32
  told you guys the number about the amount of billionaires right
• 39:37
  now there's more millionaires than there is Bitcoin, right?
• 39:41
  Just to kind of give you guys a a, you know, a A-frame of
• 39:44
  reference, right. Anyways, this is some data from
• 39:48
  glass node that further breaks it down and it goes by the
• 39:51
  traditional levels. So at the very bottom there's
• 39:54
  the shrimp. That's someone that has less
• 39:56
  than one Bitcoin and that's about twenty 22 million people
• 40:01
  that fit into that category. The crab category, it's between
• 40:04
  1:00 and 10:00. There's about half a million
• 40:06
  people that fit into that category.
• 40:09
  The octopus is between 10 and 50.
• 40:11
  There's about 72,000 people that fit into that category.
• 40:14
  The fish between 50 and 100 Bitcoin, There's about 11,000
• 40:19
  people that fit into that category.
• 40:20
  The dolphin 100 to 500, there's about 10,000 people that fit
• 40:24
  into that category. The shark between 500 and 1000,
• 40:28
  there's about 1500 people that fit into that category.
• 40:31
  The whale between 1000 to 5000 Bitcoin, there's about 2000
• 40:35
  people that fit into that category.
• 40:37
  And the humpback, there's only about 220 people that fit into
• 40:42
  that category. Now where does this kind of
• 40:46
  level up on the global scale, right?
• 40:48
  So if you look at it from a traditional wealth perspective
• 40:51
  and you know, this is where I might ask Rajat some questions,
• 40:56
  especially his his background from traditional finance or
• 40:59
  finance, depending on who you ask, how to say that word, you
• 41:03
  know, at the very top number of number of adults, percent of
• 41:07
  world adults. And there's kind of like a
• 41:09
  wealth pyramid of people's net worth.
• 41:11
  And at the very top, right there is the amount of people with
• 41:16
  over $1 million of net worth is not that high.
• 41:20
  It's only about 59 million people is what I was telling you
• 41:22
  about roughly, you know, depending on where you look,
• 41:25
  it's between 50 to 70 million millionaires, right.
• 41:29
  So I think Bitcoin is really going to fundamentally change
• 41:31
  that. And why am I saying that?
• 41:33
  Because guys, we are still early.
• 41:35
  This was, I sourced this from an article by Luke Broyles.
• 41:39
  He did incredible kind of breakdown.
• 41:41
  People don't understand, they think they're still late to
• 41:44
  Bitcoin, but they don't understand that Bitcoin is
• 41:47
  absolutely scarce, right. I, the millionaire example, I
• 41:50
  think is the best example to kind of wrap your head around.
• 41:54
  But this is a great breakdown. This is a great graph and it
• 41:58
  breaks down the different things.
• 41:59
  Right at the very top, it's nations, slash mega rich, then
• 42:03
  there's multi billionaire slash small nation, then there's
• 42:07
  billionaire mega corporation, then there's multi millionaire
• 42:10
  large corporation, then there's millionaire, Then there's upper
• 42:12
  class, middle class, lower class, lower middle class, lower
• 42:16
  class and poverty. Now you're going to be very
• 42:18
  surprised by the amount of Bitcoin required to you know fit
• 42:24
  into these types of entities. You know in the future to be
• 42:28
  mega rich slash nation state level, there's only about 10
• 42:32
  entities that will fit into this category.
• 42:34
  You need about 140,000 Bitcoin. To be a multi billionaire slash
• 42:39
  small nation you need about 8000 Bitcoin.
• 42:41
  To be a billionaire slash mega corporation you need about 120
• 42:45
  Bitcoin. To be a multi millionaire slash
• 42:47
  large corporation you need about 10 Bitcoin.
• 42:50
  To be a millionaire you only need about .06 Bitcoin.
• 42:54
  To be upper middle class you only need .008.
• 42:58
  To be middle class you only need .001.
• 43:01
  To be lower middle class you only need .0004.
• 43:06
  To be lower class you only need .0002.
• 43:10
  And poverty is .00005, right? AKA 5000 Satoshis.
• 43:18
  So in the Graham scheme of things, guys think long term,
• 43:21
  right? You know, a a couple of years
• 43:23
  ago, you would have never have imagined Bitcoin.
• 43:28
  If if I told you 10 years ago that Bitcoin was going to be
• 43:31
  sitting at $47,000, you would not have believe me.
• 43:35
  Bitcoin was still in the hundreds of dollars or less than
• 43:39
  $100 at that point, right? So we're just getting started.
• 43:42
  In the grand scheme of things, here is Kathy Wood, the CEO of
• 43:46
  of Arc Invest. And not only they have an ETF,
• 43:49
  but they have large Bitcoin investment as well.
• 43:53
  And we've shown you guys this before and this is the 2030 type
• 43:59
  of price target. Mind you this isn't 2040 right?
• 44:01
  This is by 20-30 and it breaks down the bear case, the base
• 44:06
  case and the bull case of where the Bitcoin price could be
• 44:11
  depending on the level of adoption on in different
• 44:17
  different aspects. So the the we covered this
• 44:21
  yesterday. The Fidelity news was absolutely
• 44:24
  massive because we're already here ladies and gentlemen,
• 44:27
  institutional investment. The fact that a conservative ETF
• 44:31
  already has allocated 1% with an option to potentially allocate
• 44:36
  up to two point up to 3% already tells you that we're kind of
• 44:41
  making progress on this aspect. The digital gold gold market
• 44:45
  cap, we haven't even gotten started.
• 44:47
  We're only sitting at 6% but it's just getting started.
• 44:49
  Seizure resistant asset. I mean look at look at what the
• 44:52
  Putin just said in the Tucker Carlson interview.
• 44:55
  Economic Settlement Network. I mean these aren't, this isn't
• 44:58
  a crazy adoption rate. Like if you think about it, this
• 45:01
  isn't crazy. These numbers aren't insane.
• 45:04
  And of course the Barry case is about 258,000 Bitcoin.
• 45:08
  I'm sorry, $258,000 per Bitcoin. The base case is $682,000 per
• 45:14
  Bitcoin and the bull case is about $1.48 million per Bitcoin.
• 45:20
  So now that I'm hearing now that you guys are hearing these types
• 45:23
  of numbers, I mean right now it's sitting at 47,627.
• 45:31
  You know, we had a couple years of being able to get it between
• 45:34
  35110 thousand U.S. dollars. What's your excuse not to jump
• 45:40
  on this train? I mean, in the grand scheme of
• 45:43
  things, right? It doesn't take a lot of
• 45:44
  bitcoins to be in the 1%, especially the 1% of the world.
• 45:47
  It doesn't take a lot. And you still have that
• 45:49
  opportunity to get that. When Bitcoin sitting at half
• 45:53
  $1,000,000 or $1,000,000 per coin, it's gonna be a different
• 45:56
  story. So anyways, I do wanna pass it
• 45:59
  on to Rajat. Rajat, you're newly converted,
• 46:02
  right? You come from the traditional
• 46:03
  financial world, right? And I'm breaking down, you know,
• 46:06
  the wealth pyramid of the high net worth individuals at the
• 46:09
  top. So what's your take on this man?
• 46:12
  What's your take? And how did you, you know, how
• 46:14
  did you get from point A to point B?
• 46:16
  And what's your take on everything that I covered?
• 46:19
  I think most people are just gonna take the time to learn.
• 46:23
  It takes it takes a long time to learn how Bitcoin works, right?
• 46:25
  I mean, first of all, it probably takes the average
• 46:29
  person at least a year to see where this is going.
• 46:34
  I guess because you have to look at the trends.
• 46:36
  Most people don't zoom out, right?
• 46:37
  Most people. A lot of the comments that I get
• 46:40
  from people who don't like Bitcoin, they're going to say,
• 46:42
  hey, oh what do you say about the people who bought at 69 K
• 46:47
  They're still in a loss. I mean if if that's how you
• 46:50
  think, if you buy something with 2-3 year time horizon, you're
• 46:54
  probably going to lose money regardless of which asset you
• 46:56
  buy. But the the main thing here is
• 46:59
  that I think a lot of people just buy real estate, they buy
• 47:02
  stocks blindly because they know that they will probably go up in
• 47:08
  value in terms of U.S. dollars, right.
• 47:10
  But they don't, they don't see it from a different perspective
• 47:12
  as soon as people start seeing it, I mean that's where that's
• 47:15
  where the adoption is going to come from, right?
• 47:18
  I mean the ETFs are probably going to make adoption a lot
• 47:24
  easier. Of course they could be 61 O2,
• 47:26
  but I mean at the end of the day, they're going to probably
• 47:29
  blow up the Fiat financial system because people are going
• 47:32
  to be borrowing against their ETFs, right.
• 47:34
  I mean as as that happens, more people who are who are more
• 47:38
  people who are really trying to figure this out, taking the time
• 47:41
  to figure it out, they're going to, they're going to be the
• 47:43
  earlier ones to get it right. I mean I I like to think of it
• 47:46
  as there's no there there isn't going to be equal distribution
• 47:51
  of Bitcoin. It's going to be it's going to
• 47:54
  be distributed based on how early you are right?
• 47:57
  Right now you can buy one Bitcoin with what a maybe a year
• 48:02
  salary in 10 years you'll probably be buying one Bitcoin
• 48:07
  with 20 years salary and and that's just because of adoption.
• 48:10
  That's exactly what Kathy Wood's chart was saying the pyramid
• 48:13
  that you guys posted all those things that they all those
• 48:17
  things are going to play in. I mean, play, play, have, have a
• 48:20
  role in this, the average person, even even I, for
• 48:22
  example. I mean I was on your podcast,
• 48:25
  what, four months ago, Five months ago, actually.
• 48:27
  Maybe it was longer. But at the time I genuinely
• 48:31
  thought real estate is a way to compete with Bitcoin and think
• 48:36
  about how many people have real estate.
• 48:37
  I used to work as a realtor. I I don't do it as much anymore.
• 48:40
  I don't, I don't work with that. But I would see that probably 15
• 48:46
  to 20% of my showings were empty houses, right?
• 48:50
  Houses sitting there, they're they're empty.
• 48:52
  They they have a maintenance fee.
• 48:53
  They're they're going to continue to, they're going to
• 48:56
  continue to have a cost. And all these people who are
• 48:58
  seeing it are are going to, they're going to be early,
• 49:02
  right? I'm assuming that there's people
• 49:05
  who have ten $15 million real estate portfolios right now, in
• 49:09
  a few years, when they finally realize it, they'll be able,
• 49:12
  they're, they'll barely be able to get 1012 Bitcoin for their
• 49:16
  entire portfolio, right? That's where the world is going.
• 49:19
  Whether or not people like it, whether or not people see it.
• 49:22
  I didn't see it before. I'm willing to admit that I was
• 49:24
  wrong. Most people, I don't think they
• 49:27
  are. Yet.
• 49:29
  I think it really takes, it takes people to to get rid of
• 49:34
  all of their preconceived notions of where what, what
• 49:37
  money is, where the world is going.
• 49:39
  You can't, you can't think of it in a traditional finance
• 49:43
  perspective, right? OK.
• 49:44
  So when I did the CFA, the base assumption was that the US
• 49:49
  dollar will always be around, will always want, we'll always
• 49:54
  want a way to get cash flow in in U.S. dollars.
• 49:58
  We'll always want a way to store value in U.S. dollars.
• 50:01
  There's no, there's there's no real, there's no real thought
• 50:07
  gone that that's gone into the CFA curriculum, for example.
• 50:10
  I'm not saying the CFA is a bad thing, but I'm just saying
• 50:12
  there's no thought that goes into it that talks about, hey,
• 50:16
  what happens if the real estate market collapses.
• 50:20
  I personally think that real estate at this point, the real
• 50:22
  estate, I mean the the, the buy side, the mortgage side, it's
• 50:27
  all, it's all a Ponzi scheme, right?
• 50:29
  I mean the prices need to keep going up for all these banks to
• 50:32
  survive. As soon as banks don't, as as
• 50:37
  soon as they're not able to to get that, that as long as as
• 50:42
  soon as they're not able to give out bigger and bigger mortgages,
• 50:45
  the system's going to collapse, right.
• 50:47
  It's just that's just how it is I make.
• 50:50
  I used to make a a made a majority of my money from
• 50:53
  selling real estate. And I'm telling you this, this
• 50:55
  is where the world is going. Most people haven't seen it yet.
• 50:57
  Most people are not going to see it until it's too late.
• 50:59
  They're probably not going to see it until Bitcoin hits at
• 51:01
  least a couple $1,000,000. Let's go bullish.
• 51:07
  Yeah, you're muted Nikon. That is a very, very powerful
• 51:11
  statement. You know, that is a very
• 51:12
  powerful statement, especially from someone who came from
• 51:16
  traditional finance to Bitcoin. And that's a conclusion that
• 51:22
  you've got to and we're gonna explore more of that during the
• 51:25
  culture, during this culture segment.
• 51:27
  Yeah, I'm gonna. Continue the conversation.
• 51:29
  But Opti, what's your take on everything, brother?
• 51:33
  Yeah, so my first comment here is just digital scarcity.
• 51:39
  Guys like, I think few people really understand what that
• 51:43
  truly means moving forward. And I, we've never had an asset
• 51:47
  like Bitcoin. We've never had a currency like
• 51:48
  Bitcoin before. Oh, am I freezing?
• 51:51
  Yeah, my Internet seems to be acting weird.
• 51:53
  But anyways, I'll, I'll keep going and maybe it won't be too
• 51:56
  bad. Anyways, I I think few people
• 51:59
  understand what digital scarcity really means and until you wrap
• 52:02
  your head around what digital scarcity true hard cap scarcity
• 52:05
  means, you won't really see where Bitcoin is going.
• 52:09
  And so just to the you know an average person out there, my
• 52:12
  friends and family that might listen and then all you guys
• 52:14
  that are friends and family now it's just like keep stacking.
• 52:17
  What you own today will have a lot more purchasing power in the
• 52:21
  future. Try to get to 1 coin.
• 52:24
  You know, as as we like to say on Bitcoin Twitter, as my
• 52:27
  friends usually say, if you could get to 2.1 coin, then you
• 52:31
  own what is that one millionth of the Bitcoin supply.
• 52:34
  Do that math and gold that you'll have a lot of purchasing
• 52:37
  power moving forward and then this isn't even taking into
• 52:41
  consideration all the lost Bitcoin out there.
• 52:45
  You know, we think there's like what, four or five million that
• 52:47
  are lost. So there's only ever going to
• 52:48
  be, you know, about 15 to 16,000,000 Bitcoin in
• 52:53
  circulation. So those numbers are probably
• 52:55
  off. And of course, we're all
• 52:56
  speculating. We really don't know.
• 52:58
  But as CK always says, CK snarks on Twitter, you know, 37 stats,
• 53:02
  a generational wow. So do you understand where we
• 53:05
  are going and just keep stacking, make sure you are
• 53:09
  allocating some of your paycheck to Bitcoin, make sure you have a
• 53:12
  savings in Bitcoin? Because I really, I really think
• 53:15
  we're underestimating how big the Bitcoin market is going to
• 53:20
  grow. And I think, you know, whatever
• 53:23
  we're holding today and and I I don't like saying this because
• 53:26
  everyone's saying like oh, Opti's bearish and saying that
• 53:29
  you shouldn't keep stacking. I'm just saying that probably
• 53:31
  what we're holding today will have even any amount of it will
• 53:36
  be an extreme amount of purchasing power in the future.
• 53:39
  So just huddle that for the long term.
• 53:42
  Amen to that. Amen to that, brother.
• 53:44
  All right, everybody, let's get to the culture.
• 53:46
  We have a lot to talk about with Rajat.
• 53:47
  But before we do that, I do want to give a very special shout out
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• 54:30
  to the culture. We have a lot to talk about.
• 54:35
  The Daily Culture. Before we continue our
• 54:44
  conversation with Rajat, I do want to give a shout out to our
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  All right, everybody. Let's continue this awesome
• 55:22
  conversation with Rajat. I'm so interested.
• 55:24
  I'm so fascinating, fascinated because again, Rajat, you come
• 55:29
  from the legacy, you know, financial world.
• 55:33
  You come from the real estate world and you you know you fully
• 55:37
  orange build. You you transitioned you you saw
• 55:40
  the orange light. So Opti, what do you have pulled
• 55:42
  up? Yeah.
• 55:43
  So guys, when Rajat was on our show, I think it was August of
• 55:47
  last year, we brought him on. He kind of took a spicy take
• 55:51
  here. And then I based it off this
• 55:53
  tweet here and I'll just read the tweet and then we'll move to
• 55:56
  what Rajat's been thinking lately.
• 55:57
  So this tweet here was, if you invest in global stocks, global
• 56:00
  real estate and Bitcoin, I think there's a strong chance your
• 56:03
  portfolio will perform well over the next 30-40 years.
• 56:06
  Even if the US dollar fails, we will always need businesses to
• 56:09
  create products, houses to live in and money to transact with.
• 56:12
  And then when we talked with Rajat yesterday, he's like guys,
• 56:16
  you have fully orange pilled and I have 100% flipped my narrative
• 56:20
  and he put it in this tweet. It went pretty viral.
• 56:22
  But Rajat, I'll just give you the floor here.
• 56:25
  What happened bro? I saw the light.
• 56:31
  Go on. I think that I, I think I
• 56:34
  realized that all this, all this stuff that we do, we buy real
• 56:40
  estate, we buy stocks, we buy bonds, we buy all this stuff,
• 56:45
  it's to protect us from the devaluation of our money, right?
• 56:48
  I mean, most people I've spoken to, so many people who say, hey,
• 56:52
  I buy real estate because of cash flow or I buy stocks
• 56:55
  because I trust this company or I buy their products.
• 56:59
  I don't think it's true. I think most people, most people
• 57:02
  don't get it. They don't, they don't want to
• 57:03
  get it. They they're so deep in the
• 57:06
  legacy system. They they don't understand the
• 57:09
  sunk costs. They don't understand the
• 57:10
  opportunity cost. I think it's so important to to
• 57:13
  see it from a different perspective where the main
• 57:17
  reason why you're even buying all this stuff most people buy.
• 57:21
  I used to be one of those people.
• 57:22
  I used to buy index funds blindly, right?
• 57:26
  Every paycheck, every time I'd get paid, I'd put a little bit
• 57:29
  of money into some stock, some some ETF.
• 57:34
  But now I realize all these companies, I mean, they're not.
• 57:37
  They're not there to they're not there to make you rich.
• 57:40
  They're there to make themselves rich, right.
• 57:43
  And and if you think about it, all these politicians, Nancy
• 57:46
  Pelosi made what, something like a few $1,000,000 on her NVIDIA
• 57:51
  calls and she was the one she, she had full control of of what
• 57:56
  was happening. It's it's completely the the
• 58:00
  system is corrupt. It's designed to be the way that
• 58:04
  it is. It's all of this is not it's not
• 58:07
  a bug. It's a feature, right.
• 58:08
  It's it's a feature to make the elite even more elite, right.
• 58:12
  It's it's a way to steal from people who don't understand the
• 58:16
  system. A lot of people around the
• 58:17
  world, people constantly say, hey, oh, if you can't, if you to
• 58:22
  deal with inflation, all you have to do is buy stocks.
• 58:25
  You don't realize that 95% of the world can't buy stocks,
• 58:30
  right? They don't want to buy stocks.
• 58:32
  They don't want to to to take a risk.
• 58:34
  The the goal for most people is just to save, right?
• 58:38
  They don't. They don't care about Apple, how
• 58:41
  Apple performs, how Microsoft performs.
• 58:44
  They don't care about these companies.
• 58:45
  All they want is they want to save for the future.
• 58:47
  They want to be able to, they want to be able to fulfill their
• 58:51
  needs, their wants. They want to be able to be
• 58:54
  comfortable with their, their savings.
• 58:56
  They're not. They're not.
• 58:57
  They don't care about earnings reports and reading financial
• 59:00
  statements and oh, how how much the the US government or the the
• 59:06
  US Federal Reserve is going to increase or decrease interest
• 59:11
  rates. They don't want to know about
• 59:12
  that, right. They want to do their job and
• 59:15
  they want to save what they save, right.
• 59:18
  They want to keep it. They don't want to.
• 59:20
  They don't want to. They don't want to be buying all
• 59:23
  this random stuff. They don't want to have a second
• 59:25
  full time job. I I mean there's a lot of real
• 59:28
  estate investors on Twitter that just can't wrap their head
• 59:32
  around it. And I mean, they're going to get
• 59:33
  burned, right? I I think that's the most
• 59:35
  important thing. They're they're going to get
• 59:36
  burned. They're not going to.
• 59:37
  They're not going to see it coming.
• 59:40
  It is. It is what it is, right?
• 59:42
  I mean, I I personally feel like I saw the light.
• 59:45
  I I noticed that all these companies, they're, they're only
• 59:51
  there until until we want them there, right?
• 59:54
  Like Starbucks, for example. Starbucks, they had some things
• 59:59
  going on where I don't, I don't want to talk about the politics,
• 1:00:03
  but essentially they were doing something that people didn't
• 1:00:04
  like. They got killed, right?
• 1:00:07
  People stopped. I would go through, I would see
• 1:00:10
  Starbucks and there'd be no line in the drive through, right.
• 1:00:13
  Why was that? Because they made a decision
• 1:00:15
  that people didn't like. Right.
• 1:00:16
  All these companies rely on their customers.
• 1:00:18
  If their customers disappear, these companies disappear.
• 1:00:21
  That's just how it is. Love it.
• 1:00:23
  OK. And actually I, I brought a
• 1:00:25
  tweet here that went kind of viral on Twitter the other day.
• 1:00:30
  So you kind of mentioned it. And I, I, I want to jump on
• 1:00:33
  this. And then and then I kind of want
• 1:00:34
  to ask your perspective on the Black Rock ETF or small Bitcoin
• 1:00:38
  ETF as well. But before we get to that.
• 1:00:39
  So this couple like it looks like they're like Finn Real
• 1:00:44
  Estate influencers, they're called the Phi couple and they
• 1:00:48
  go hot take with Bitcoin. If you're not already rich and
• 1:00:51
  making at least $200,000 plus a year, less than 1% of your time
• 1:00:55
  and energy should be focused on Bitcoin.
• 1:00:58
  The other 99% can go towards earning more, owning real estate
• 1:01:01
  and index funds, etcetera. What would be your response to
• 1:01:05
  this Rajat I? Actually quoted that.
• 1:01:09
  Maybe I can pull it up real quick.
• 1:01:10
  Yeah. See.
• 1:01:11
  See if you can. I I quoted that one.
• 1:01:13
  I I was talking about how real estate is a Ponzi.
• 1:01:16
  I mean the goal of most people who who have real estate, their
• 1:01:19
  goal is to continue the Ponzi scheme, right?
• 1:01:22
  I I used to be like I said, I used to be a realtor.
• 1:01:24
  I know exactly how people think. I know a lot of people who just
• 1:01:28
  buy real estate simply because they know other people are
• 1:01:32
  buying it, right? They don't.
• 1:01:34
  They don't realize where if they don't realize what they're doing
• 1:01:38
  to the world, they don't realize that, oh, I'm taking demand.
• 1:01:41
  I'm sorry. I'm.
• 1:01:41
  I'm taking, I'm increasing demand.
• 1:01:43
  I'm taking supply off the market.
• 1:01:45
  And I I think most, most landlords see it as I'm helping
• 1:01:51
  people get affordable real estate when they're making a
• 1:01:55
  profit, right. If they didn't make that profit,
• 1:01:57
  maybe that property would be much cheaper, just in general,
• 1:02:00
  right? If they didn't have that demand,
• 1:02:02
  if they didn't use fake money to buy real estate, I mean the
• 1:02:06
  world would. In my opinion, the world would
• 1:02:07
  be a better place. Love it.
• 1:02:10
  OK, I got 2 two different tweets here, but Duncan on him.
• 1:02:16
  Love to see it. Oh, man.
• 1:02:18
  All right. And then one, one last question.
• 1:02:20
  Oh, actually, I I do have a bunch of questions.
• 1:02:21
  But, Rajon, I remember I asked you last time you came on the
• 1:02:24
  show. You are.
• 1:02:25
  Are you still practicing as ACFA?
• 1:02:28
  Yeah, I mean, I I feel like the CFAS valuable because it got me
• 1:02:32
  to think differently. I probably wouldn't have
• 1:02:34
  understood really a Bitcoin if it wasn't if it weren't for the
• 1:02:37
  CFA, right? It did get me to dive a lot
• 1:02:40
  deeper. Before I wasn't.
• 1:02:45
  I wasn't really before, I guess. Before the CFAI wasn't really.
• 1:02:49
  I wasn't really into, I guess, researching now.
• 1:02:53
  I mean, I've been able to wrap my head around a lot of things.
• 1:02:55
  I wouldn't have been able to wrap my head around Bitcoin if I
• 1:02:57
  didn't understand currencies, right?
• 1:02:59
  I mean, just the currencies, the different parts of currencies,
• 1:03:02
  how, how the swap works, how their values work.
• 1:03:06
  I know a lot of people think that in my tweet I said that
• 1:03:10
  real estate is a Ponzi scheme. That's not what I said.
• 1:03:13
  I said the real estate market is a Ponzi scheme.
• 1:03:15
  I think that's that's absolutely true.
• 1:03:17
  Because if you think about it, banks spin up money out of out
• 1:03:21
  of thin air. They don't create, they don't,
• 1:03:24
  they don't put in effort to create that money.
• 1:03:25
  They create money out of thin air.
• 1:03:27
  And if there's any reason for that money to be paid back, it
• 1:03:30
  probably won't be. It never will be.
• 1:03:31
  Right. Most people can't afford to pay
• 1:03:32
  back their their mortgages right away.
• 1:03:36
  I I I still think that houses have utility, and I think over
• 1:03:40
  the long term home prices will drop to their utility values.
• 1:03:44
  And that's incredibly bullish, especially for, you know, people
• 1:03:48
  that. Anyway, anyways, Rashad, the
• 1:03:54
  reason I asked is because what do people say?
• 1:03:58
  What what? What does what do the normies
• 1:04:00
  say when you talk about Bitcoin to them?
• 1:04:02
  Are they still hesitant? What What's been your take and
• 1:04:05
  what's like your, I don't know, anecdotal market?
• 1:04:10
  What? What?
• 1:04:11
  What? Stop.
• 1:04:12
  So what? What?
• 1:04:13
  What do people think when you talk about Bitcoin?
• 1:04:17
  They say there's no cash flow. They say that's too volatile.
• 1:04:21
  They say that. They say it's a Ponzi scheme.
• 1:04:26
  What else did they say? They say, oh, it it's, it's not
• 1:04:32
  physical. So it's, it's, it's it's a
• 1:04:34
  waste. It's going to 0.
• 1:04:35
  But I mean, I guess most people don't realize 95% of their
• 1:04:39
  transactions are digital, right? You don't really.
• 1:04:42
  I don't think. I think.
• 1:04:44
  I think again, it's more about the context.
• 1:04:46
  I think most people aren't going to get it because they have they
• 1:04:51
  they they live in a physical world and they can't wrap their
• 1:04:54
  head around the fact that something of value can be
• 1:04:56
  digital. It doesn't have to be physical,
• 1:04:58
  right? I was actually speaking to a
• 1:05:00
  mortgage broker a couple a couple weeks ago.
• 1:05:03
  I was telling him he, he was a gamer.
• 1:05:06
  So I was telling him the fact that you're the you're saved.
• 1:05:09
  Video games have so much value to you, you should understand
• 1:05:12
  how Bitcoin works, right? Because if somebody deletes
• 1:05:14
  that, you've lost what what have you lost?
• 1:05:18
  You've lost all of your time, right?
• 1:05:20
  Essentially, at the end of the day, Bitcoin is time.
• 1:05:23
  It doesn't have to be physical for it to be valuable.
• 1:05:25
  It just has to have people understanding it, people seeing
• 1:05:29
  where it's going right Once. Once people see where it's
• 1:05:32
  going, I mean that that's that's the the future, right when once
• 1:05:35
  and people are, people are understanding it, people are
• 1:05:37
  figuring it out. Most people who who say, OK, it
• 1:05:40
  has no intrinsic value, It has no physical appearance, it has
• 1:05:44
  no, it has no utility, all that stuff, it's based on a
• 1:05:50
  perspective where they haven't done the research, right.
• 1:05:54
  If you were to talk to most people on the street, they have
• 1:05:57
  no clue what it is, but they'll probably tell you, oh, I don't
• 1:06:00
  want it because it's volatile. It it has no intrinsic value.
• 1:06:02
  But they have no clue. They have no clue what it is,
• 1:06:04
  right? Yeah, 100%.
• 1:06:07
  OK. And and last, last tweet I want
• 1:06:09
  to bring up here because I think it's a very good take is your
• 1:06:12
  take on the Black Rock Spot, Bitcoin ETFs.
• 1:06:16
  So I'll pull this up here for people and I really like this.
• 1:06:20
  I'll just read the tweet and then you can, you can jump off.
• 1:06:23
  So Rashad goes. I get so many questions about
• 1:06:25
  whether BlackRock owning so much Bitcoin will be a bad thing.
• 1:06:28
  And you guys if you're. Watching the stream and you're
• 1:06:30
  enjoying the streams. Make sure to smash that like
• 1:06:32
  button. We're almost we're almost at 200
• 1:06:35
  likes in the live stream. So if you're enjoying the live.
• 1:06:38
  Stream and make sure to. Smash that like button on
• 1:06:40
  YouTube And if you're watching us on rumble, smash that like
• 1:06:43
  button. If you're watching us on X, make
• 1:06:44
  sure to smash that like button. Sorry for the interruption.
• 1:06:47
  Jeez, so rude. All right.
• 1:06:49
  And Rajat continues and goes. Instead of worrying about
• 1:06:51
  Blackrock's holdings, focus on accumulating your own.
• 1:06:54
  Well, it'll be much better use of your time.
• 1:06:56
  It doesn't matter how much Bitcoin BlackRock or its clients
• 1:06:59
  or all the other institutional asset managers have, if you own
• 1:07:02
  some, their ownership will make you better off.
• 1:07:04
  So you want to add a little more to this?
• 1:07:06
  Because I absolutely love this take.
• 1:07:09
  Yeah. I mean, if more people
• 1:07:11
  understand what Bitcoin is, the the value is going to go up, the
• 1:07:14
  price is going to go up. As as more people see what this
• 1:07:18
  network does, what it can do, they'll want to use it, right?
• 1:07:23
  I I think most people, too many people, are worried about what
• 1:07:27
  BlackRock could potentially do to Bitcoin.
• 1:07:29
  But BlackRock benefits from the price going up, right?
• 1:07:32
  I don't think. I don't think they get that
• 1:07:34
  right because as the price goes up, their fees go up.
• 1:07:37
  If the price double S, their fee double S, right.
• 1:07:39
  If the price goes up more people are going to want to buy their
• 1:07:42
  fee is probably going to grow by an order of magnitude, right?
• 1:07:45
  That that's just how it is. It's it's FOMO and people are
• 1:07:49
  going to continue to buy. Stop worrying about what
• 1:07:52
  BlackRock is doing. I feel like I so I post about
• 1:07:55
  how BlackRock, how people are buying BlackRock.
• 1:07:58
  Sorry, how people how BlackRock is buying so much Bitcoin every
• 1:08:01
  day. I keep posting about that but
• 1:08:03
  it's more about telling you that this the supply is going away,
• 1:08:06
  right. It's being taken from from the
• 1:08:09
  market and but as soon as that's gone it's probably never going
• 1:08:13
  to enter the the market again right?
• 1:08:15
  The how, what, what's the total value of of what Black Rock has
• 1:08:20
  almost $4 billion. Those $4 billion of Bitcoin
• 1:08:23
  probably will be held for at least five years, right?
• 1:08:28
  Those four $4 billion worth of Bitcoin is never they're not
• 1:08:31
  going to come back to the market.
• 1:08:32
  And by the time it's five years, we'll probably have a lot more
• 1:08:35
  ways to borrow against Bitcoin to be able to leverage it, to
• 1:08:39
  not have to sell it. And it's never going to be sold
• 1:08:43
  at that point, right? It'll be moved from person to
• 1:08:46
  person in families. Absolutely bullied.
• 1:08:50
  Rajat, I really, really appreciate you, you joining us
• 1:08:54
  on the show today, guys. If you want to hear more of
• 1:08:57
  Rajat's signal, he will be publishing some articles for us
• 1:09:02
  at Simply Bitcoin. He is joining the Simply Bitcoin
• 1:09:05
  crew and we're honored to have him 'cause he's just dropping
• 1:09:07
  hot fire. Guys, you could check out the
• 1:09:09
  Simply Bitcoin Sub stack by going to Simply Bitcoin dot News
• 1:09:13
  or just searching it on Sub Stack and we'll be dropping some
• 1:09:17
  of her jots articles covering all these topics.
• 1:09:19
  So really really exciting And dude, this is so much signal
• 1:09:23
  today. Anyways guys, you know what time
• 1:09:25
  it is. It is a meme Review Fridays.
• 1:09:28
  Let's. Check out some news The Daily
• 1:09:34
  Meme Review. So Opti was threatening to quit
• 1:09:43
  because? We wouldn't we?
• 1:09:44
  Weren't reviewing memes and he's like Nico.
• 1:09:46
  That's where I that's the best. That's where I do best.
• 1:09:50
  Nico. We have to bring back the memes.
• 1:09:51
  The. Only thing I got going for me
• 1:09:53
  here, Nico, is the memes, bro. You can't take it away from me.
• 1:09:56
  You can't take it away from me. Oh man, No.
• 1:10:03
  Guys, we love the memes. We're just trolling.
• 1:10:05
  Anyways, you already know the deal.
• 1:10:06
  It's Friday. It's the weekly meme review.
• 1:10:08
  We need to update the Yeah, we visually do anyways.
• 1:10:11
  Anyways, anyways, what is it weird?
• 1:10:13
  No, no. We should end the poll and drop
• 1:10:14
  a new poll. Let's ask the people, the voices
• 1:10:18
  that you do it. You do it all right.
• 1:10:19
  I'll do a meme review weekly Meme review.
• 1:10:22
  I like weekly cuz it's culminating the week in memes.
• 1:10:26
  Anyways, you guys already know the deal.
• 1:10:28
  Tag me on Twitter, simply Bitcoin TV or you can tag my
• 1:10:33
  personal one Optimus Fields. But yeah whatever you wanna do.
• 1:10:37
  You guys know where I'm at and I will drop them and we will
• 1:10:42
  review them. I will hoard your memes until
• 1:10:46
  the end of the week and we will bring them on the show.
• 1:10:49
  You already know the deal, guys. Tweet to the bullets, memes or
• 1:10:51
  the artillery. We are in an information war.
• 1:10:54
  You guys are in the trenches. Frontline soldiers continue to
• 1:10:58
  spread the Bitcoin signal, continue to ridicule the
• 1:11:02
  corporate press and then of course continue to make some
• 1:11:06
  funny. So your friends head stay in the
• 1:11:08
  game. All right, First one is by
• 1:11:10
  Maxi's club and there is no tweet here, but it is just a
• 1:11:14
  bull with a God candle going through the roof.
• 1:11:17
  'Cause I look. Not going to lie, I woke up this
• 1:11:20
  morning and I don't know who tweeted it, but they're like,
• 1:11:22
  yeah, bitcoins at 47 K And I was like, Oh my goodness, like what
• 1:11:26
  a good morning. What a Good Friday.
• 1:11:28
  I really hope this is a personal hope here.
• 1:11:31
  I really hope that the green candles are back on the menu on
• 1:11:34
  the weekend because I I'm sick and tired of seeing the Bitcoin
• 1:11:38
  price run at Wall Street hours. I want them to get wrecked and I
• 1:11:41
  wanted to pump Friday 5:00 PM Eastern and it just pumps all
• 1:11:46
  weekend and then it dumps on Monday so they get absolutely
• 1:11:49
  wrecked when they trade. It's so much funner when this
• 1:11:51
  happens. OK.
• 1:11:52
  Anyways, next one is by our boy Ropium shouts out to you bro and
• 1:11:56
  he goes, hey Swiss bake account in my pocket you son of a bitch.
• 1:11:59
  I'm in. And it's more looking at Obama.
• 1:12:01
  Like, wait, is this supposed to be a bad thing?
• 1:12:04
  Because this sounds like a good thing.
• 1:12:06
  You need to have to sell me on this.
• 1:12:07
  Obama. You know I'm already all in, but
• 1:12:09
  now you're selling me on it even more.
• 1:12:12
  Thank you. I'm all in.
• 1:12:13
  And this next one shouts out the Morpheus.
• 1:12:15
  He dropped this one this morning.
• 1:12:17
  Again, I tried to avoid nepotism on the meme review but I didn't
• 1:12:21
  make this one. This was someone from our team
• 1:12:23
  and I thought this one was awesome.
• 1:12:25
  So this coming out of the simply Bitcoin TV Twitter kind of goes
• 1:12:29
  are you still educating yourself on hashtag Bitcoin And it looks
• 1:12:33
  like I think that's books emoji and we got Putin here and it
• 1:12:36
  goes. There are copies of these
• 1:12:38
  documents I will leave them for your good memory and it Putin
• 1:12:42
  with the Bitcoin standard such a good one this was great okay.
• 1:12:46
  Next one is by Copernicus Shots at the Copernicus.
• 1:12:49
  He's in the chat. His Twitter at Copernicus Son.
• 1:12:52
  Six years wait. We're showing a Copernicus meme.
• 1:12:55
  It's, it's. He's out of the doghouse.
• 1:12:58
  He's out of the doghouse. He's been, he's been good.
• 1:13:00
  He's been good. He's.
• 1:13:01
  Trying to be good. Is he behaving his?
• 1:13:04
  His His autism can't help himself, but he's trying to be
• 1:13:09
  good. He's literally like, he's
• 1:13:11
  tweaking over there, trying not to be bad.
• 1:13:13
  This is a joke. That's a joke, by the way.
• 1:13:16
  It's a joke. Wait, what's a joke?
• 1:13:18
  I was serious. What are you talking about
• 1:13:19
  anyways? Sarcasm.
• 1:13:23
  Anyways, Copernicus goes memes. That was sarcasm.
• 1:13:26
  That was dude. Our sarcasm is way too meta for
• 1:13:29
  everyone. All right, Copernicus goes,
• 1:13:31
  memes, he goes, damn wreck. This, all right means we'll be
• 1:13:35
  lit when the circuit Breakers trip up.
• 1:13:37
  See. Copernicus gets it.
• 1:13:39
  I literally, I don't know what this movie's from, but it's a
• 1:13:42
  Johnny Depp looking at the kid crying.
• 1:13:44
  And he goes, and the kid is the suits and he goes, Bitcoin went
• 1:13:47
  up too much in a day and tripped the circuit Breakers.
• 1:13:50
  And then we got the Bitcoin pledged with laser eyes and he
• 1:13:52
  goes, yeah, we stacked while you couldn't.
• 1:13:55
  This is what I'm talking about. I cannot wait till the green
• 1:13:58
  candles are back on the menu over the weekend and Wall Street
• 1:14:01
  is just sitting there waiting to buy their spot Bitcoin ETF while
• 1:14:05
  we just scoop up all the spot Bitcoin.
• 1:14:07
  This next one absolutely cracked me up.
• 1:14:11
  There is no this shouldn't hit the YouTube triggers, it's just
• 1:14:14
  a dude with no shirt so hopefully we don't trigger that.
• 1:14:18
  But anyways, Rd. Bitcoin goes Never lower your
• 1:14:21
  standards kings Hashtag Bitcoin #hano hashtag.
• 1:14:24
  There is no second best. And we got, you know, miss
• 1:14:27
  universes here, all these beautiful babes here.
• 1:14:30
  And then we got this fat bitcoiner here.
• 1:14:32
  Drinking a beer in his Bitcoin stash, he goes her nose is too
• 1:14:35
  big. Never lower your standards
• 1:14:37
  kings. Oh man, maybe you guys will get
• 1:14:40
  girlfriends after all. I don't know.
• 1:14:42
  We'll see. Anyways, it is a Friday meme
• 1:14:47
  review. Nico.
• 1:14:47
  Sorry. Bitcoin does not approve of
• 1:14:50
  these messages. Not approved, there's.
• 1:14:53
  A poll and I'm gonna end it right now because it already has
• 1:14:56
  optis, memes and. Wait, wait, wait, wait, wait.
• 1:15:00
  I'm not done. I'm not done.
• 1:15:01
  Name of the meme review is gonna be called Optis Meme Review.
• 1:15:06
  Let's go. With this it's gonna be.
• 1:15:09
  Called It's gonna be called Optis Yeah Optis Friday Meme
• 1:15:13
  Review. And then and then Nico, we
• 1:15:14
  should do like in in little riding at the bottom.
• 1:15:17
  Like simply Bitcoin does not endorse optis memes.
• 1:15:20
  Okay. And you're gonna and Sophie's
• 1:15:22
  not gonna do the voiceover. You're gonna do the voiceover?
• 1:15:26
  Simply Bitcoin Opti's Meme Review OK, no, it but.
• 1:15:29
  It's has. To be mine, I'm joking.
• 1:15:31
  Has to be better. All right, this next one way.
• 1:15:33
  YouTube by the the whole autism thing.
• 1:15:35
  There's a joke on Bitcoin Twitter that you know for some
• 1:15:39
  reason, bitcoiners, You know, they they say that because you
• 1:15:44
  know they don't understand certain things or you know,
• 1:15:47
  autistic. But it's a it's a bad joke.
• 1:15:49
  I don't agree with it. Simply, Bitcoin isn't.
• 1:15:51
  Proof simply Bitcoin's unimproved of this.
• 1:15:54
  Message. I apologize for OPTI.
• 1:15:57
  All right, all right. I'm having too much fun.
• 1:15:59
  This is, This is why this is dude, this is my glory.
• 1:16:02
  Don't take my moment away from me, all right?
• 1:16:04
  This next one is by Bykingo. Shouts out to our boy Bykingo.
• 1:16:07
  He's at Bykingo Bitcoin 9 on Twitter and he goes hashtag
• 1:16:10
  Bitcoin only or stuff for the consequences.
• 1:16:13
  And it looks like there's board ape shirts on clearance at
• 1:16:17
  Walmart. Do not shit coin.
• 1:16:19
  It is bad for you. I thought that was hilarious.
• 1:16:22
  Big if true. Big if true Anyways.
• 1:16:26
  Super unhinged meme review today.
• 1:16:30
  Jesus, oh man. Anyway, had to get it all out.
• 1:16:34
  He's. Had this, he's had this boiling
• 1:16:36
  up for SO. Long all this pent up rage.
• 1:16:38
  I need to give it out. I was like.
• 1:16:40
  Meme review. OK, so you guys voted.
• 1:16:42
  Give the people what they asked. You guys voted, so it's going to
• 1:16:45
  be called Opti's Friday meme. Review Opti's Friday meme
• 1:16:49
  review. OK, I can do that.
• 1:16:50
  All right, guys, drop your meme review score in the chat over
• 1:16:53
  there. Over there.
• 1:16:54
  I'm going to give it. I don't think I haven't given
• 1:16:55
  this yet. I'm going to give it my my
• 1:16:57
  foundation device passport or passport.
• 1:17:02
  I don't. I don't think so.
• 1:17:03
  Oh wait, I did give it. I did give it.
• 1:17:05
  But look I took the plastic off. I remember now there's no a used
• 1:17:12
  a non mint one and. You took the next step.
• 1:17:15
  OK, I'm going to give it. Since we don't do these, you
• 1:17:18
  know what? I'm going to save these scores.
• 1:17:19
  I'm going to go 1 by 1. So first I'm going to give it a
• 1:17:25
  tone. Vase Limited Edition.
• 1:17:28
  I think you gave that one. I think you gave that one I.
• 1:17:30
  Already gave this one? Yeah, I'm gonna give it the
• 1:17:32
  Scammy Awards Limited edition one out of 250 and on the back
• 1:17:41
  it says there's just one. There's just one that is proven,
• 1:17:46
  verified, not trusted, and Bitcoin is its name.
• 1:17:49
  All the rest will leave your pocket.
• 1:17:51
  Books dusted. The Scammiest of the scammers,
• 1:17:54
  the grifters, the D listers, the rug pullers and thieves so many
• 1:17:57
  deserving of this award to show only a few is really a tease.
• 1:18:02
  Welcome to the Scammy Awards, where the prints where the
• 1:18:05
  pinnacles of poop coinery are awarded for their grim
• 1:18:08
  contributions to societal collapse.
• 1:18:13
  That is absolutely hilarious. That's what I'm gonna give it.
• 1:18:15
  Check out Bitcoin trading cards allotted in their crew over
• 1:18:17
  there. Absolutely crushing it.
• 1:18:19
  Anyways, Rajat, what would you give those memes?
• 1:18:21
  I. Have a Trezor?
• 1:18:23
  It's. OK, OK, OGOG score.
• 1:18:27
  I like that. I like that.
• 1:18:28
  A foundation, a Trezor, and a Bitcoin trading card.
• 1:18:31
  All right guys, you know the deal.
• 1:18:32
  Drop your score in the live chat.
• 1:18:34
  If you guys are new to simply Bitcoin, the audience gets
• 1:18:37
  involved. You guys drop your meme score
• 1:18:40
  for if you don't understand, give it any object, anything
• 1:18:43
  that comes off the top of your head.
• 1:18:44
  It's a meme. It's not meant to be taken
• 1:18:46
  seriously in the beginning. Actually, we used to go one
• 1:18:49
  through 10. And then we realized, no, let's
• 1:18:51
  just make it a meme. Way to go.
• 1:18:53
  Give them more time. Give them more time.
• 1:18:55
  Before we do that, before we do that, we'll give you guys some
• 1:18:57
  time. Check out our merch.
• 1:18:59
  We're going to be dropping new merch very, very soon.
• 1:19:01
  But check out our merch right now really, really helps.
• 1:19:04
  It helps support the show. We are an independent media
• 1:19:07
  company. So you know we had shout out to
• 1:19:10
  our sponsors that help us stay on the air.
• 1:19:12
  That's how we're able to make content every single day for you
• 1:19:15
  guys. We do this full time Opti,
• 1:19:18
  myself, you know, and the whole Simply Bitcoin crew.
• 1:19:21
  There's too many people to name right now, so if you guys want
• 1:19:25
  to help support the show, you can subscribe to us on Sub Stack
• 1:19:28
  or you can buy our merch. It really, really does help help
• 1:19:32
  us stay independence. This is not easy running away.
• 1:19:38
  I got AI, got APSA stack sats first by stack merch second.
• 1:19:43
  Exactly. Stack stack sats first.
• 1:19:46
  But if you do want to self help support simply Bitcoin, it
• 1:19:49
  really, really does. Have We love you guys.
• 1:19:51
  We love you guys. Let's cue the epic music and
• 1:19:54
  let's get to some of the scores. First, by Tora paddle, he gives
• 1:19:58
  it AI Promise we will bring back the daily meme review.
• 1:20:02
  Oof. Oof.
• 1:20:06
  Sail Dog 18 gives that I give the memes 5 Bitcoin ETFs with
• 1:20:11
  massive inflows. OK.
• 1:20:12
  Yeah, man, crazy. OK, Elaine, shout out.
• 1:20:16
  Elaine simply millionaires the simply Bitcoin name changes in
• 1:20:19
  2024 to reflect simply chat Hodler dude.
• 1:20:23
  We're gonna have the. Richest viewer base ever.
• 1:20:25
  Yes, straight up here. Let's change it to this.
• 1:20:28
  There we go. Rich BC gives it meme review.
• 1:20:32
  Score one. What's?
• 1:20:34
  Is that mine? Are you talking about me?
• 1:20:38
  Yeah, let's let's change up the colors.
• 1:20:39
  It is Friday. Here we go spicing it up.
• 1:20:44
  UTXOI give the memes the plastic film I just removed from my seed
• 1:20:48
  signer. Over a year of frequent use.
• 1:20:51
  That's a great that's a very, very thorough score, Like that
• 1:20:55
  Frank Arc meme score. Long before any knowledge of
• 1:20:58
  electricity existed, people were aware of shocks from electric
• 1:21:02
  fish. Ancient Egyptian text dating
• 1:21:04
  from 2750 BC. Yap for 20 minutes about the
• 1:21:09
  history of Bitcoin. That's that.
• 1:21:12
  That's. Very deep.
• 1:21:13
  That's like a. Putin.
• 1:21:13
  That's a Putin troll. Yeah, that's a.
• 1:21:15
  That's a. Putin.
• 1:21:16
  That's a Putin answer. Optimist fields TACFABBW lover.
• 1:21:24
  It's Infinity SAT already. OK love that score.
• 1:21:28
  Next one by Donna Prince Two roller coasters.
• 1:21:31
  I I agree with that. That's a great score.
• 1:21:33
  It's a great score. Next score by Phil CI Give the
• 1:21:36
  memes laser eyes to 1,000,000 Bitcoin.
• 1:21:39
  OK, OK, thinking big. I like that the Moon Moth meme
• 1:21:44
  score Rubber frog 'cause it's green today.
• 1:21:47
  OK, OK. Nick, I don't know we can say
• 1:21:49
  this one 'cause it might trigger the YouTube.
• 1:21:50
  So we're gonna move back Chatsi XX.
• 1:21:54
  Ajack 1991 AI Give the memes a orange pill.
• 1:21:58
  Oof. That's OK OK, music's running
• 1:22:00
  out, but we got Narwhal Tacos. That goes.
• 1:22:02
  I give those memes my signed copy of The Little Hodler by
• 1:22:05
  Lena Siche. Let's go.
• 1:22:07
  And then last one out of compliance meme score 10X Biden.
• 1:22:12
  Oh man, I wrecked me, dude, don't wreck me like that.
• 1:22:15
  You know I'll read everything. All right, guys.
• 1:22:20
  We are out of time. Thank you so much for tuning
• 1:22:22
  into another episode of Simply Bitcoin.
• 1:22:25
  Thank you guys for supporting us.
• 1:22:26
  We would not be here without you.
• 1:22:28
  This was an incredible week. We love you guys.
• 1:22:30
  We appreciate it. Thank you guys so much for
• 1:22:34
  tuning in. I'm your host Nico.
• 1:22:35
  This is my legendary Co host. Oh other way, Opti, this is our
• 1:22:39
  guest Rajat. Rajat is going to be joining the
• 1:22:41
  Simply Bitcoin crew. He's going to be making some
• 1:22:44
  dropping some hot hot fire articles on the Simply Bitcoin
• 1:22:48
  sub stack. So make sure to subscribe and go
• 1:22:52
  follow him on Twitter. Rajat, could you say that,
• 1:22:55
  Rajat, because I'm going to butcher it.
• 1:22:57
  This is Rajat, Sony Finance without an eye in.
• 1:23:00
  Gotcha. So it's finance.
• 1:23:02
  It's got very finance, finance, very finance.
• 1:23:05
  Well, Rajat, thank you so much for joining us.
• 1:23:07
  Really, really appreciate it. All right, guys.
• 1:23:08
  That was another episode of Simply Bitcoin Live, if you
• 1:23:10
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• 1:23:20
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• 1:23:22
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• 1:23:23
  In fact, share Bitcoin culture. Share Bitcoin articles, Share
• 1:23:27
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• 1:23:29
  culture. We have to win over the hearts
• 1:23:30
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• 1:23:32
  right. It's not red versus blue.
• 1:23:35
  It is orange versus green. You're on the side of green, so
• 1:23:39
  act like it. Anyways, guys, enjoy your
• 1:23:41
  weekend. Have an amazing weekend.
• 1:23:42
  We'll be back Monday for brand new episode of Simply Bitcoin
• 1:23:46
  Live. Peace out, everybody.