Latest / Simply Bitcoin / RUMOR: Spot Bitcoin ETF Gets Rejected by SEC | EP 896

Transcript

RUMOR: Spot Bitcoin ETF Gets Rejected by SEC | EP 896 · Simply Bitcoin

• 0:03
  It's. All going to zero against
• 0:06
  Bitcoin. It's going up forever.
• 0:16
  You're against Bitcoin. You're against freedom yo.
• 0:22
  Welcome to another episode of Simply Bitcoin Live.
• 0:25
  You're a number one source for the peaceful Bitcoin revolution
• 0:27
  and code breaking news. Culture, Matic warfare.
• 0:29
  We will be your guide through the separation of money and
• 0:32
  state. You know, in nature there are
• 0:35
  these laws. The laws of nature can't be
• 0:38
  broken. And there's a a law of nature
• 0:41
  that a lot of people don't know. They they they don't, they don't
• 0:45
  know. They don't know about this law.
• 0:47
  It's it's it's a law that you know, unless you're plugged in,
• 0:51
  you know, unless you're in the digital trenches, you're very
• 0:53
  well aware of this law. But if not, you don't, you're
• 0:58
  not aware of this law. But it is a law.
• 1:00
  It is a law of nature. It cannot be broken.
• 1:03
  And the law I'm talking about is the law of the inverse Kramer,
• 1:07
  right. So anything Jim Cramer says, the
• 1:11
  exact opposite tends to happen. So yesterday on CNNBC we played
• 1:16
  you guys a clip of Jim Cramer. I'm, I'm, I'm, I'm like half
• 1:19
  joking right now. I'm, I'm serious.
• 1:21
  And I'm also not serious because it's just like, it's just
• 1:25
  hysterical. So he went on CNNBC yesterday,
• 1:29
  he said you can't kill this thing.
• 1:31
  He was talking positively about Bitcoin.
• 1:33
  He brought up Charlie Munger, etcetera, etcetera.
• 1:36
  And then as a joke, I'm like, all right guys, pack it up.
• 1:39
  You know, it's over. It's done.
• 1:41
  Because every single time Jim Cramer says something positive
• 1:46
  about anything, literally like a day after the week after, just
• 1:53
  things blow up. And that's exactly what
• 1:55
  happened, ladies and gentlemen, last night the price of Bitcoin
• 1:58
  fell from 45,300. We had a Wick down to 40K.
• 2:04
  It's required. It's recovered quite a bit ever
• 2:07
  since then. But I I, I I think, you know,
• 2:11
  I'm joking here but I think Elizabeth Warren is a little bit
• 2:14
  spooked. I I I think Janet Yellen and
• 2:17
  they, you know, they they they called in the heavy guns, the
• 2:20
  heavy artillery and they called in Jim Cramer.
• 2:24
  No, but I'm just kidding. What actually happened was this
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  publication that is owned by Jihan Wu released an article
• 2:35
  basically saying why the spot Bitcoin ETF was going to get
• 2:42
  rejected. Essentially FUD it it was FUD,
• 2:46
  but it did spook the market. It did 'cause the price of
• 2:49
  Bitcoin to crash. We have all the receipts for you
• 2:52
  guys. So we're going to go through the
• 2:54
  whole odyssey of what happened in the last 24 hours.
• 2:58
  But you know it's a continuation of the trend because remember
• 3:03
  what started this run up it because we were we were straight
• 3:07
  chilling 2530 K We were there for for a minute.
• 3:10
  We were there for a while and this coin Telegraph, you know, a
• 3:16
  tweet came out, that poor intern, maybe he's still there
• 3:20
  and the price of Bitcoin started pumping.
• 3:23
  That's when we got the 35, the 37, the, you know, the 40.
• 3:26
  And it really started this run up, you know, 'cause we were at
• 3:30
  30K not not too many months ago. And I see it again.
• 3:36
  I see the pattern, which is unconfirmed media moving the
• 3:42
  price of Bitcoin a lot. You're talking about 10% move,
• 3:47
  right? People got absolutely wrecked.
• 3:49
  So my question to you guys is how much of this is sinister?
• 3:54
  Like, how much of this is on purpose?
• 3:56
  Like, because I'll tell you what, like, if you're an insider
• 3:59
  and you know what's gonna happen when you drop this article,
• 4:02
  you're gonna make a fortune, right?
• 4:06
  So I, I, I don't know what's going on.
• 4:08
  Like there, there's some things going on in the background.
• 4:11
  But I'll tell you this guys, if you listen to our advice, which
• 4:16
  is stay humble, Stack sats, don't lose, don't use leverage.
• 4:19
  And what the legendary of akingo says, shout out three O 5 till I
• 4:23
  die. Stay humble, Stack Sats, stay
• 4:27
  solvent. All of this is just
• 4:32
  entertainment. You're just looking on the
• 4:34
  sidelines. You're like sweet.
• 4:35
  And honestly guys, maybe this is selfish.
• 4:38
  I I I would love for Bitcoin to go back down to 35 K 30K cheaper
• 4:44
  Bitcoin. That's great.
• 4:46
  I hope it takes a little bit longer.
• 4:48
  Maybe that's selfish of me saying that, but that's how I
• 4:51
  feel. In other news, I broke my
• 4:53
  computer last night which acts it sucks.
• 4:57
  I literally dropped this glass water cause Opti and Sophie were
• 5:01
  convincing me Nico don't drink out of plastic.
• 5:05
  So I threw the essential out and I literally dropped a full water
• 5:09
  bottle on on, you know, on my laptop and it just shattered.
• 5:15
  Thank God I have Sophie's laptop.
• 5:17
  I have, you know, I have AI, have AI, have a company laptop
• 5:20
  as well that I could continue my work on.
• 5:23
  So maybe the production's going to be a little bit different
• 5:25
  today, but regardless, it's going to be a hell of a show.
• 5:29
  I'm really excited. There is literally never one day
• 5:32
  in Bitcoin. That is boring.
• 5:34
  There is always something happening, and that's a good
• 5:37
  thing because it gives us something to talk about.
• 5:40
  And you know, they don't really call the Bitcoin roller coaster
• 5:43
  for no reason. Opti.
• 5:44
  Holy cow, bro. I wish, I wish I was there to
• 5:48
  scoop up that sweet, sweet, cheap Bitcoin, that 40K Bitcoin.
• 5:52
  But this is crazy, bro. This is crazy.
• 5:54
  We need some more insider information so we can short
• 5:57
  Bitcoin so we can do the unholy act of shorting Bitcoin like
• 6:00
  Jion Anyway, before I go on though, Nico, you you.
• 6:03
  Just say you're going to short Bitcoin.
• 6:05
  Opti is no longer with Simply Bitcoin anymore.
• 6:09
  I'm gonna be doing the show by myself today.
• 6:11
  We need some insider. Information, dude.
• 6:14
  You and the conciliators, bro. Like it's it's Chrissy, it's
• 6:19
  Yellen, it's Augustine. Carson, come on.
• 6:22
  At least I'm honest about it. And now?
• 6:24
  And now you're now you're talking about manipulating the
• 6:26
  Bitcoin market, OK? If they're doing it, why can't
• 6:29
  we get in on the action? What the hell man?
• 6:33
  Anyways Nico, everyone's freaking out cuz your blonde
• 6:36
  tips on the wrong side, so switch your mirror on your
• 6:38
  camera settings. I got you guys.
• 6:40
  Boop. Nikos back.
• 6:41
  All right, here we go. Here we go.
• 6:43
  Sorry. About that guys.
• 6:45
  It's January 3rd, Happy birthday to Bitcoin.
• 6:48
  It's a great day. Let's go 15 years running TikTok
• 6:52
  next block and so on. The culture.
• 6:54
  You know I I seem to be liking list for the the beginning of
• 6:58
  this year and I thought about it this morning and that you know
• 7:01
  I'm going to do a A-15 lessons that we've known and learned in
• 7:05
  the past 15 years of Bitcoin. So we'll get a good little
• 7:08
  ranting some monologue again. The goal here is to try to
• 7:11
  distill as much information as possible for everyone out there,
• 7:15
  new and old. Remember why we do what we do
• 7:17
  and also so get new people up on board Niko, we're hearing that.
• 7:22
  Yeah, sorry, there we go. Making sure that rumble is up
• 7:25
  and going all. Right, well hey shouts out to
• 7:29
  the water bottle for messing with us this morning.
• 7:32
  But anyways, Niko. Yeah, yeah.
• 7:34
  But before we do it, I do want to give a shout out to our
• 7:37
  Twitter audience. 71 people watching live, our Rumble
• 7:41
  audience, we got 44 people watching live.
• 7:43
  So we appreciate you guys from alternative video platforms and
• 7:46
  of course our YouTube audience as well.
• 7:48
  Well, we love you guys. Thank you guys so much for
• 7:50
  making this show possible. We really, really appreciate and
• 7:53
  love you guys. Guys.
• 7:54
  We are having a bit of an issue, a technical issue on a.
• 7:58
  Restraint mess. So we're not seeing the YouTube
• 8:01
  comments, we're only seeing the Twitter comments right now.
• 8:05
  But we'll try Opti. If you could pull up like a
• 8:07
  YouTube like like kind of like side screen and we can just do
• 8:11
  it the old fashioned way, I think that would be cool.
• 8:13
  Anyways, guys, no more delay. Let's jump straight into it.
• 8:16
  We have a lot to talk about today.
• 8:18
  Let's check it out. Here we go the Bitcoin numbers.
• 8:23
  Is your Bitcoin and cold storage really secure?
• 8:26
  Is your seed phrase really secure?
• 8:29
  Stamp seeds? Do it yourself.
• 8:30
  Kit has everything you need to hammer your seed words into
• 8:34
  commercial grade titanium plates instead of just writing them on
• 8:38
  paper. Don't store your generational
• 8:41
  wealth on paper. Papers prone to water damage,
• 8:44
  fire damage. You want to put your
• 8:46
  generational wealth on one of the strongest metals on planet
• 8:49
  earth, Titanium. Your words are actually stamped
• 8:52
  into this metal plate with this hammer and these letter stamps.
• 8:56
  And once your words are in, they aren't going anywhere.
• 8:59
  No risk of the plate breaking apart and pieces falling
• 9:02
  everywhere. Titanium stamp seeds will
• 9:05
  survive nearly triple the heat produced by a house fire.
• 9:08
  They're also crush proof, waterproof, non corrosive, and
• 9:11
  time proof. All things.
• 9:12
  That paper is not allowing you to huddle your Bitcoin with
• 9:15
  Peace of Mind. For the long haul.
• 9:17
  Stamp your seed on stamp seed. All right guys, I do want to
• 9:22
  give a heads up on stamp seed. Everyone loves their products,
• 9:27
  so they're literally sold out. But you can or they're gonna be
• 9:32
  close to being sold out. So you do wanna get your
• 9:36
  titanium seed fridge storage kit while surprise supplies last?
• 9:40
  You can use promo code simply. Apparently a lot of people are
• 9:44
  are thinking are thinking the right things man.
• 9:47
  They're they're they're thinking about properly securing their
• 9:50
  generational wealth. Opti is showing off the special
• 9:52
  edition simply Bitcoin stamp seed plate Opti.
• 9:55
  Could you turn it around so people could see the the front
• 9:58
  of it, So that's where you stamp your seed, right.
• 10:01
  You have this hammer that was shown in the commercial that we
• 10:05
  just played for you guys and you could stamp your seed.
• 10:07
  It's not going anywhere. It's titanium and again, promo
• 10:11
  code. Simply you get a huge discount.
• 10:13
  So the Clark Moody dashboard is gonna be different today because
• 10:16
  I am on Sophie's computer. When I've been referencing
• 10:21
  Sophie as of lately, I keep calling her my girlfriend.
• 10:23
  I apologize, we've been together for a very long time, but she's
• 10:27
  not my wife so my I'm using my wife's computer.
• 10:31
  That sounds really weird to say anyways, but in a good way.
• 10:36
  In a good way. You Sorry.
• 10:37
  Sophie changes. Change is good.
• 10:39
  Change is good. Sophie know Sophie knows that.
• 10:41
  Sophie knows I love her. Anyways, the price of Bitcoin at
• 10:45
  the time of recording is $42,800.
• 10:49
  Take advantage of this FUD discount SATS per dollar 2337
• 10:55
  stats per dollar Market capitalization $838 billion with
• 10:59
  the B declined from all time high.
• 11:02
  We're I love this metric. Maybe we added to when Nico gets
• 11:05
  back his laptop and we're down 38% from all time high days
• 11:09
  since all time high 783 days. Bitcoin versus gold market cap
• 11:15
  6.15%. Supply of Bitcoin in corporate
• 11:19
  treasuries 8.7% total Lightning Network capacity 4948 Bitcoin
• 11:27
  and the block height which continues to go up.
• 11:30
  It's going up forever lower both the price and the block height,
• 11:33
  824,192. So yeah, it's great.
• 11:39
  Great numbers, guys. So we talk a lot about the
• 11:41
  concept of breaking the Bitcoin echo chamber.
• 11:45
  What is the echo chamber? The echo chamber is this concept
• 11:48
  that Bitcoin content creators and bitcoiners, we make content
• 11:52
  for other Bitcoiners, right? How do we break that echo
• 11:56
  chamber? Well, the way that we break that
• 11:58
  echo chamber is obviously continuing to make content.
• 12:01
  You guys sharing Bitcoin content, you guys doing the the
• 12:06
  guerrilla marketing on the ground, spreading Satoshi's
• 12:10
  gospel, telling your friends, telling your family, you know.
• 12:14
  But in my experience, my 8th year, it's crazy to say that 8th
• 12:18
  year, 2024, in my experience you can show people the door, but
• 12:25
  some people are just not quite ready, right?
• 12:27
  I always remember the Matrix movie with Neo and and and you
• 12:31
  know, Morpheus and basically showing him, you know, the red
• 12:35
  pill, the blue pill. And it's like some people would
• 12:37
  just rather take the blue pill, You know, they they want to use
• 12:39
  money that steals from them. That's cool.
• 12:42
  But anyways, so how do we break this echo chamber?
• 12:45
  We break this echo chamber by mainstream content creators and
• 12:49
  podcasters making content in relation to Bitcoin.
• 12:54
  Sometimes it doesn't even relate to Bitcoin, but it points to
• 12:59
  Bitcoin. This is value tainment.
• 13:00
  We've brought them up on the channel before.
• 13:03
  They've done incredible interviews.
• 13:04
  They've had Michael Saylor on. I'm a big fan of his content.
• 13:07
  I remember when he started, 5.17 million subscribers.
• 13:12
  So absolutely massive channel, huge following, dude.
• 13:17
  Kobe Bryant's last great interview.
• 13:19
  Like I mean holy cow this guy knows what he's doing and
• 13:23
  someone went on his show and this was retweeted from the
• 13:28
  Libertarian party. I I just got to say something
• 13:31
  and perhaps this is a little bit controversial.
• 13:34
  I don't think you could be a libertarian without Bitcoin.
• 13:36
  I think you need Bitcoin. I I, I, I I think as long as you
• 13:41
  abdi's saying Rustin if you're listening that that that
• 13:44
  comment's for you, buddy. And I know that you agree with
• 13:46
  me. Check out the Simply Originals
• 13:49
  Rustin's dropping hot fire. But OK.
• 13:52
  So the reason I say that is because as long as the state
• 13:57
  controls the money, I, I, I just think that you can't be a
• 14:01
  libertarian because you're you you're you have to use money.
• 14:05
  It's not like you. It's not like you can walk
• 14:07
  around with the gold bar or anything.
• 14:09
  Like now that bitcoin's a thing, you could use Bitcoin.
• 14:11
  But like again like that not all vendors are going to accept
• 14:15
  Bitcoin at the moment. Lightning isn't ready.
• 14:18
  You know, right now. Like Bitcoin is primarily a
• 14:21
  store of value. It hasn't moved to a medium of
• 14:24
  exchange yet. I know that it will in the
• 14:26
  future, but it's not quite there yet.
• 14:29
  So anyways, so this was someone that went on the Value Tainment
• 14:32
  podcast and dropping Hot fire, and here's a fellow Bitcoin.
• 14:37
  That's Dave Smith Bro comic Dave Smith.
• 14:39
  Thanks. Opti understands the cultural
• 14:42
  references, and that's why I love Opti.
• 14:45
  And so Dave Smith is saying the choir part out loud.
• 14:49
  This is what we mean by breaking the Bitcoin echo chamber.
• 14:52
  We need more of this. So I'm gonna play you guys the
• 14:56
  video and then we'll talk about it.
• 14:57
  What we need today, and it's coming through, it was coming
• 15:01
  through. Yeah, but it is.
• 15:04
  Hold on, let me make sure so then it doesn't echo.
• 15:07
  Let's try that one more time. In the United States, more than
• 15:10
  anything, is the separation of money and the state, the
• 15:13
  separation of banking and the state.
• 15:15
  This is the cause of so many of our problems right now is that
• 15:18
  the currency is controlled by the government.
• 15:20
  This allows us to spend way beyond our means to pull things
• 15:24
  off that we could never pull off if the government wasn't just
• 15:26
  printing money out of thin air. The entire idea, idea that we're
• 15:31
  going to go around and occupy foreign countries for 20 years
• 15:35
  in the Middle East with nothing to show for it, Try doing that.
• 15:39
  If you had to actually tax the people, try gaining popular
• 15:41
  support for that. If every month people had to pay
• 15:44
  for the war in Afghanistan, that thing would have been over by
• 15:47
  Christmas of 2001. And the same thing with the
• 15:49
  lockdowns. I mean, try maintaining the
• 15:51
  lockdowns. If you couldn't just print up
• 15:53
  trillions of dollars in 2020, there's no way it could have
• 15:56
  been done. The Federal Reserve and the
• 15:58
  money printing is the lifeblood of the Leviathan.
• 16:01
  That's what we need to attack and what we need today.
• 16:05
  I mean, I I don't think we could have said it.
• 16:12
  I don't think we could have said it better ourselves.
• 16:13
  Opti like to be honest with you, bro, like it, it it is, it is
• 16:17
  fueling the leviathan. It is fueling the administrative
• 16:20
  state. It is fueling the military
• 16:22
  industrial complex. It is fueling all this spending
• 16:27
  when they're saying they're sending billions of dollars to
• 16:29
  Ukraine. We can't afford that.
• 16:33
  Like like the US spends trillions of dollars.
• 16:37
  I'm not exaggerating every single year more than it
• 16:40
  collects in tax revenue. How are they able to do that?
• 16:44
  Deficit spending print the printing of money.
• 16:47
  The great Ron Paul said it best. It is not a coincidence that the
• 16:51
  bloodiest century in human history, which is the 20th
• 16:54
  century, was the century of central banking, right.
• 16:59
  So, you know, if we want to fix things right.
• 17:03
  This is why I get really upset with all these political
• 17:06
  movements on the left and on the right.
• 17:10
  And you you're seeing changes like you see RFK Junior, you've
• 17:14
  seen Ron DeSantis, you say Vivek Ramaswamy, Javier Malay of
• 17:18
  course you know the Chad Naim Bukele who really gets it, you
• 17:24
  know. So you're you're starting to see
• 17:26
  a change in shift right. And the Overton window is moving
• 17:29
  towards central banking is bad. You're seeing that in real time.
• 17:32
  But you know what happens if these political parties start to
• 17:38
  like these giant movements because the the the conservative
• 17:41
  movement in the US is very strong.
• 17:43
  The the liberal movement in the US is very strong.
• 17:46
  They have very popular shows and and personalities and you know
• 17:52
  in in this stuff if they really want to effectuate change right
• 17:57
  like they complain a lot like Tucker Carlson.
• 18:00
  Like he does an incredible job and he identifies the problems
• 18:03
  and he's like this is what's broken.
• 18:04
  This is what's broken. He just said it right value
• 18:07
  tainment. What's his name?
• 18:08
  Dave Smith goes on the show. He correctly identifies the
• 18:12
  problem, but how beauty on pointed it out.
• 18:15
  Just because you've identified the problem, if you don't
• 18:19
  provide a solution, you're literally screaming in in the
• 18:24
  middle of a in the middle of a forest, in the middle of
• 18:27
  nowhere. So it's not just identifying
• 18:32
  this creature from Jekyll Island and saying the creature is
• 18:35
  effing real. You have to take a step above
• 18:40
  and that falls down to you the individual.
• 18:42
  Take agency. Take action.
• 18:44
  Educate the people around you and make them understand.
• 18:50
  If you have liberal friends, if you have conservative friends,
• 18:52
  if you have libertarian friends, right?
• 18:56
  Whatever their ideology, it's like, dude, your problems are
• 18:59
  not caused because the other party's in power.
• 19:03
  That's how they distract you. Your economic woes are caused
• 19:09
  because there's a bureaucratic elite that have the privilege of
• 19:14
  being able to create money for free that everyone else has to
• 19:18
  work for. If you fix that problem, I truly
• 19:23
  believe you fix the money, you fix the world.
• 19:26
  It's not going to make all the problems disappear, but I would
• 19:29
  say it's going to fix more than 50 to 60% of the world's
• 19:34
  problems that we're enduring today.
• 19:37
  They're just going to go away. Of course you're going to have
• 19:39
  cultural differences you know you're going to have.
• 19:42
  You're going to have. It's not, it's not a utopia.
• 19:44
  It's not going to make things perfect, but it's going to make
• 19:47
  things a whole lot better than that they are right now, and I
• 19:50
  think I saw Max Kaiser say this the other day for the first time
• 19:54
  in human history. That's a very strong statement.
• 19:58
  The poor, the lower and middle classes have the ability to save
• 20:07
  in a money that won't be debased and can't be confiscated from
• 20:13
  easily. That is a effing game changer
• 20:18
  that is going to fundamentally change how society is organized
• 20:24
  in such a way that you can't even comprehend.
• 20:27
  And you want to know why Elizabeth Warren is so
• 20:30
  petrified. You want to know why they're so
• 20:33
  hell bent on going after self custody.
• 20:35
  So they come up with these like BS, like terms like unhosted
• 20:40
  wallet and blah and blah blah blah.
• 20:43
  It's because it terrifies them that the common Joe, the average
• 20:49
  everyday person, is going to be able to save in a money that
• 20:55
  cannot be confiscated at the flick of a switch.
• 20:58
  It puts the fear of God into bureaucrats and politicians that
• 21:03
  abused the power of money, the privilege that the government
• 21:07
  had to issue money. They abused it to benefit
• 21:11
  themselves. Bitcoiners would have told you
• 21:12
  this was obvious because it's human nature.
• 21:15
  But they abused that privilege and they no longer deserve that
• 21:20
  privilege. They've proven that for over 100
• 21:23
  years. And you can go back in time.
• 21:26
  You can go back to the Roman Republic and Roman Empire.
• 21:29
  You can make a very strong case that part of the reason that the
• 21:33
  Roman Empire collapsed the way it did was the the debasement of
• 21:37
  the currency, right? So we are living through some
• 21:42
  crazy times, historic times. This has never happened in the
• 21:46
  history of humanity, where the average everyday individual can
• 21:51
  save without the fear of debasement or confiscation.
• 21:57
  Let's keep on the pressure, Let's keep breaking that echo
• 22:01
  chamber. Let's keep shifting.
• 22:03
  I'm going to curse that motherfucking Overton window,
• 22:06
  right? So that people understand that
• 22:09
  the evil that is coming out of this world is coming out of Fiat
• 22:14
  money and central banking. It has hurt humanity, has made
• 22:20
  humans kill each other, has brought out the worst of the
• 22:23
  human race. So it's time to try something
• 22:27
  new. It's time to try Bitcoin.
• 22:31
  And I have a feeling, I have a feeling, guys, and then I'll
• 22:34
  stop my rambling that we are going to see a renaissance of
• 22:40
  which we have never seen before. We are going to see the Great
• 22:43
  Awakening. And you're going to see whether
• 22:46
  you lean left ideologically or you lean right ideologically,
• 22:49
  you're going to see that you have a lot in common with
• 22:53
  everybody. And the the the divider was
• 22:59
  always the money. It was always the money.
• 23:02
  So you fix the money, you fix the world.
• 23:05
  My rant is over. I got excited.
• 23:07
  My computer broke. So I had to come in.
• 23:09
  I had to come in with the hot fire.
• 23:10
  Anyways, Opti, what? What are your thoughts, brother?
• 23:13
  Yeah, well, first and foremost, like you were saying, you know,
• 23:17
  if you are a libertarian or anarcho capitalist or or
• 23:21
  whatever your favorite descriptor word is, if you do
• 23:24
  not see that the problem is the fact that the government is
• 23:27
  holding the money, then I would also add that you are a LARP.
• 23:30
  The separation of money from state is the quintessential
• 23:34
  problem going on in the world right now.
• 23:36
  And so I I find it absolutely hilarious that we see so many
• 23:40
  libertarians out there that actively fight Bitcoin when it's
• 23:44
  like, guys fix the money, fix the world, it starts with the
• 23:49
  money. And I think people are so
• 23:51
  ingrained with the idea that only government should be
• 23:55
  allowed the opportunity or rather the power to issue paper
• 24:00
  money and that the money comes from the government's basically
• 24:05
  decree AKA Fiat money. It's literally become the status
• 24:09
  quo that debt IO use, that paper money from the government is the
• 24:14
  only viable route for money. And it absolutely blows my mind.
• 24:18
  As Niko was saying, this is the last experiment in money until
• 24:23
  Bitcoin. It's been 100 year experiment.
• 24:25
  Like people still fundamentally have the misunderstanding that
• 24:29
  paper money isn't the status quo.
• 24:31
  It hasn't been the status quo for the majority of human
• 24:34
  history. It's only the most recent
• 24:36
  experiment of money until Bitcoin.
• 24:38
  And here we are. It's you know the 15th birthday
• 24:40
  of Bitcoin and we're starting to see that more and more people
• 24:44
  are waking up to the idea and you know, shouts out the Dave
• 24:47
  Smith, you know comic Dave Smith on Twitter.
• 24:50
  He's literally been on on Joe Rogan.
• 24:52
  I'm pretty sure I clipped him. I'm I think it was December of
• 24:55
  last year and we were speculating whether Dave Smith
• 24:58
  was becoming a bitcoiner and I saw on Twitter that apparently
• 25:02
  Guy Swan met him at I don't know like some libertarian meet up or
• 25:05
  something and he finally orange peeled him.
• 25:07
  So shouts out the guy Swan, because it is about breaking the
• 25:12
  Overton window, breaking our echo chamber and spreading the
• 25:15
  Bitcoin signal to more people than just the, you know, talking
• 25:19
  to bitcoiners. Like, what's the point of only
• 25:20
  talking to bitcoiners? So what's the point of only
• 25:22
  talking to people that believe exactly what you believe?
• 25:24
  Yes, there's a part of like, you know, being a part of a group,
• 25:27
  but our goal here is to spread Bitcoin to every person on
• 25:30
  planet Earth because everyone is in the same issue.
• 25:32
  We are all feeling the pain of inflating, or rather debasing
• 25:37
  paper currencies, and we're all in the same boat.
• 25:39
  And this isn't one of those things where it's like, oh, you
• 25:42
  know, bitcoiners were here early and we're just trying to profit
• 25:45
  on this. Like, no, personally, I don't
• 25:47
  see any other solution than literally going on the Bitcoin
• 25:51
  Sander. As we say, fix the money, fix
• 25:52
  the world. Like, it's not the silver bullet
• 25:55
  to solve the world's problem, but it's the starting point as
• 25:58
  we've seen in the last 100 years as Nico mentions all the time.
• 26:01
  It is no coincidence that the last hundred years or rather
• 26:05
  this century is the bloodiest century basically ever because
• 26:09
  it's been backed by the money printer.
• 26:11
  And we're seeing how clown world is accelerating right now and
• 26:14
  how politicians are printing obscene amount of money.
• 26:18
  Like, I don't know if you guys saw, but U.S. debt just passed
• 26:20
  $34 trillion yesterday. Like there is no possible way we
• 26:24
  are going to be able to pay off that debt.
• 26:26
  They will say whatever they want.
• 26:28
  They will try to kick the can down the road for as long as
• 26:30
  humanly possible. But we know it's 11th grade math
• 26:33
  guys. They have to continue to print
• 26:35
  money to keep the system going. They have to keep the velocity
• 26:39
  of money going by printing money, and that is all making us
• 26:42
  all poorer. So you have to hold something
• 26:46
  that they cannot debase. We've seen throughout the
• 26:49
  history of man that when empires fail, they constantly debase
• 26:53
  their currency. It's happened multiple times in
• 26:55
  human history and here we are. We're in that position right now
• 26:58
  and it's just it's so awesome to see other content creators,
• 27:03
  independent content creators that basically say what we say
• 27:05
  every single day start to realize the solution to the
• 27:09
  problem. I say it all the time.
• 27:10
  It's it's pretty obvious to anyone that is paying attention
• 27:14
  what the problem is. Just so few people are talking
• 27:17
  about the solution and now we have more and more people
• 27:19
  talking about the solution and getting these ideas in front of
• 27:23
  just the average everyday person.
• 27:25
  Because I fundamentally believe leading a podcast like Joe
• 27:28
  Rogan, like PBDI, think it is value tainment and and all of
• 27:32
  the other independent content creators like their goal is to
• 27:35
  provide value to their audience. And if they're not giving them a
• 27:38
  viable solution to the main problem in the world right now
• 27:41
  is the fact that your currencies are being debased like they're
• 27:44
  doing their audience A disservice.
• 27:45
  So I just love to see that this message is spreading further and
• 27:48
  further and shouts out the guy Swan for Orange Pilling Dave
• 27:52
  Smith. If if that is true, then you
• 27:54
  know, doing Satoshi's work. Out there and that's.
• 27:57
  The goal? Just spreading this signal to
• 27:59
  more and more people. I do also want to give a shout
• 28:03
  out who to one of the sponsors for for Simply originals.
• 28:09
  But we did take a little bit of break during the during the
• 28:14
  during the winter. So I do want to give him an
• 28:15
  extra special shout out on the live show.
• 28:18
  And of course I'm talking about the Bitcoin way.
• 28:21
  You could. You could take charge of your
• 28:23
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  uncompromised. So if you guys have any
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  questions, doubts or concerns about self custody, these guys
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  are the place to go. Inheritance planning, They have
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  a concierge service. They'll help you set up your
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  wallet, your node, anything you want.
• 28:52
  You guys got to check out the Bitcoin way.
• 28:54
  The URL is super easy. You got to go to the
• 28:56
  bitcoinway.com and the team over in there will will literally
• 29:01
  hand hold you to your onboard, you know to to onboard Bitcoin
• 29:07
  experience in your journey. So shout out Vendetta V4V4
• 29:11
  Bitcoin. Shout out to you brother and
• 29:14
  it's time for the news. Opti, let's do this.
• 29:17
  Here we go, the Daily News. I want to give a shout out to
• 29:27
  our sponsor, Foundation Devices. It's self custody done right.
• 29:32
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  your Bitcoin off exchanges, this is the one for you.
• 30:18
  Check out the passport link in the show notes below to learn
• 30:21
  more. All right guys.
• 30:23
  So we're going to talk about a law of nature today and I'm
• 30:28
  talking about the the, the, the the law of the inverse.
• 30:33
  Kramer. No, but, but, but first we're
• 30:36
  we're going to, we're going to go through the events, the
• 30:41
  series of events that happened for the price of Bitcoin to go
• 30:47
  through these through the roller coaster ride that it went
• 30:50
  through really. So first we're going to start
• 30:54
  off with, like I said, you know the the Law of Kramer, right?
• 30:59
  So I said, well, it was nice when I lasted.
• 31:01
  We played you guys this clip yesterday and it was Jim Cramer
• 31:04
  on CNNBC. So you can't kill Bitcoin,
• 31:06
  right? The price of Bitcoin was at
• 31:08
  45,675 when it was recorded. The current price of Bitcoin
• 31:13
  right now is 42,744. But there was a Wick all the way
• 31:18
  down to 40,000. But yeah, And then I jokingly
• 31:23
  said this morning and I said the law of inverse Jim Cramer is
• 31:28
  never broken. It is a fact of life.
• 31:31
  So of course this is a coincidence, you know, maybe
• 31:35
  it's a coincidence. I don't think it's personally,
• 31:38
  I'm like I'm saying it jokingly. I I don't.
• 31:41
  I don't think it's a coincidence, personally.
• 31:43
  It's so over for us. Like, I think like, dude, Like
• 31:46
  it just never fails, bro. Like, it never fails.
• 31:50
  OK, so anyways, in all seriousness, price of Bitcoin
• 31:53
  fell from 40 to 45,700, fell down to 41,500, and now it's,
• 32:04
  you know, it's having a slight recover.
• 32:06
  But what? What caused this?
• 32:09
  So here's Bitcoin News, our great news aggregator.
• 32:13
  And it was this article. It was this article by a
• 32:17
  publication called Matrix Port, so let's take let's take a look
• 32:22
  at what it says. So this Matrix on target has
• 32:27
  been bullish against consensus expectations in 2023 and
• 32:31
  predicted early in the year that Bitcoin could reach 45,000 by
• 32:35
  Christmas. We even expected that if all the
• 32:38
  SEC requirements for Bitcoin spot ETS were fulfilled, Bitcoin
• 32:42
  could rally towards 50,000 by the end of January 2024.
• 32:47
  While we have seen frequent meetings between the ETF
• 32:49
  applicants and staff from the SEC which resulted in the
• 32:53
  applicants re filing their applications, we believe all
• 32:56
  applications fall short of a critical requirement that must
• 33:00
  be met before the SEC approves. This might be fulfilled by Q2
• 33:04
  2024, but we expect the SEC to reject all proposals in January.
• 33:11
  So if you want to know why this dropped, there you go.
• 33:15
  It was FUD. But again, like guys you know,
• 33:19
  shame on What is the saying? Shame on, Shame on.
• 33:23
  Fool me once, shame on. Shame on.
• 33:25
  Shame on Let me Twice again fool me again.
• 33:27
  Correct. So we've seen this before.
• 33:32
  We saw Coin Telegraph tweet out something, it pumped the price
• 33:36
  of Bitcoin. You see another publication
• 33:39
  tweet out something. It dumped the price of Bitcoin.
• 33:47
  The people that knew about this, they made a killing with that
• 33:53
  insider information. They made a lot of money off of
• 33:58
  this. But I mean, it gets worse.
• 34:00
  Like you you uncover this, you know, there's more, there's
• 34:04
  more, there's more to the story. So it goes on to say the current
• 34:09
  five person voting Commission commissioners leadership
• 34:12
  critical for the ETF approval of the SEC is dominated by
• 34:15
  Democrats. SEC chair Gensler is not
• 34:18
  embracing crypto in the US and it might not.
• 34:22
  It might even be a very long shot to expect that he would
• 34:25
  vote to approve Bitcoin. Spot ETS and ETF would certainly
• 34:30
  enable crypto overall to take off, and based on Genser's
• 34:33
  comments in December 2023, he still sees the industry in need
• 34:37
  of more string stringent compliance.
• 34:40
  From a political perspective, there is no reason to approve a
• 34:44
  Bitcoin spot ETF that will legitimize Bitcoin as an
• 34:47
  alternative store value. We've been making those cases
• 34:50
  for you guys on Simply by the way.
• 34:52
  And like we we taken a political stance on on simply like always.
• 34:57
  But they did correctly point out that the opposition has been
• 35:04
  coming mostly from the Democratic Party, like the
• 35:07
  bipartisan bill that Elizabeth Warren, you know, is trying to
• 35:11
  pass through the the Senate that would essentially effectively
• 35:14
  ban self cuts in the United States.
• 35:15
  It would effectively ban Bitcoin mining.
• 35:17
  It would effectively ban peer-to-peer.
• 35:22
  It's, it's bipartisan, but really there's like two or three
• 35:25
  Republicans and the rest are Democrats.
• 35:28
  How are you doing? So sorry, sorry about that.
• 35:33
  Producing swan signal in the background.
• 35:36
  So, OK, so going back to the topic this is, you know, this.
• 35:49
  They're not lying. But at the same time, I think
• 35:52
  there's so much pressure. There's so much, like, there's
• 35:56
  so much anticipation. I mean, they're paying for, like
• 36:00
  these organizations are paying for like $1,000,000 ads.
• 36:04
  At this point, we're going to show you a new ad that they
• 36:06
  dropped celebrating Bitcoin's birthday.
• 36:09
  Like Wall Street is paying for an ad that's celebrating
• 36:12
  Bitcoin's birthday. By the way, happy birthday.
• 36:14
  Bitcoin turned 15. The teenage years are rough, so
• 36:17
  it goes on to say since traders started betting on an ETF
• 36:20
  approval in September 2023, at least 14 billion of extra feed
• 36:24
  on leverage has been deployed into crypto into Bitcoin.
• 36:27
  Some of these flows might be associated with easier macro
• 36:30
  conditions the Fed as the Fed has turned dovish.
• 36:34
  However, of those 14 billion of additional longs, 10 billion
• 36:38
  might be related to the ETF approval expectation.
• 36:41
  If there is any denial by the SEC, we could see cascading
• 36:44
  liquidations as we expect most of the 5.1 billion in additional
• 36:48
  perpetual long Bitcoin futures to be unwound, right?
• 36:52
  So it's just a fun article basically saying why the SEC
• 36:56
  will reject Bitcoin spot ETFs. Again, it's not a question mark.
• 37:00
  It's like a matter of fact. But there's more, there's
• 37:03
  something more interesting to the story, right?
• 37:07
  There's more interesting to the story and then we'll get the
• 37:09
  reaction. And here's our boy.
• 37:10
  Hot or not, the space cat. And he says a short story and
• 37:15
  three images, right? So take a look at the dates of
• 37:20
  the article Right Bitcoin Spot ETF Approval, Imminent Bitcoin
• 37:25
  to Jump to 50,000, and Why the SEC Will Reject Bitcoin Spot
• 37:30
  ETFs Again. From the AB testing.
• 37:33
  Headlines Correct. They were AB this AB testing
• 37:37
  headlines and I think they might have pressed the wrong button.
• 37:42
  Or or or look who who. Look who's the Co founder and
• 37:48
  chairman of Matrix sport Jihan Wu.
• 37:52
  Quote UN quote F your mother. He was the founder of.
• 37:58
  He was the founder of Bit Main, one of the largest ASIC
• 38:04
  manufacturers in the world, and he played a pivotal role in the
• 38:08
  fork wars, right? He was mining Bitcoin at a loss
• 38:13
  so that people would think that the Bitcoin Cash hash rate had a
• 38:18
  higher organic hash rate than the Bitcoin hash rate, which
• 38:22
  means that technically there was a moment in time, it was all
• 38:27
  artificial, That you could have made the case that the Bitcoin
• 38:31
  Cash, you know, network was more computationally secure than
• 38:36
  Bitcoin. We know after the fact, after
• 38:39
  the four cores, that those one or two or three times that the
• 38:42
  Bitcoin Cash hash rate surpassed the Bitcoin hash rate.
• 38:45
  It was artificial. It was literally Jihan setting
• 38:48
  money on fire, right? So he was a big proponent of
• 38:52
  Bitcoin cash. He was a big proponent of big
• 38:54
  blocks, right? You could have made the case
• 38:57
  that he's in that he was an enemy of Bitcoin.
• 38:59
  You could make the case that he's still an enemy of Bitcoin.
• 39:02
  I mean, these articles are awfully suspicious.
• 39:05
  How much money did Jihan make? I don't know.
• 39:08
  All right, now let's get to. Let's get to the the other
• 39:15
  aspects of it. Let's get let's get to the
• 39:17
  truth, right. So this was a rumor after all.
• 39:20
  The rumor caused this massive price movement.
• 39:23
  Of course, that's that's already known.
• 39:26
  But but what actually happened, right?
• 39:28
  So, you know, a lot of awesome. You know, legacy reporters did
• 39:32
  great job trying to get to the bottom of this and there was
• 39:37
  some truth that has been revealed.
• 39:39
  So first shout out to Bitcoin Archive, another great Twitter
• 39:43
  news aggregator, A Bitcoin news aggregator.
• 39:46
  And it goes on to say I spoke to Bloomberg's ETF and analyst J
• 39:51
  SEF. Let me pull up his full name,
• 39:54
  James, at length and together with his senior colleague Eric,
• 39:58
  they give a 90% chance of approval due to a number of
• 40:02
  factors, especially and by the way.
• 40:04
  These gentlemen are not just, you know, like plebs on the
• 40:08
  Internet or just random people on the Internet.
• 40:11
  He works at Bloomberg and Eric is a senior ETF analyst for
• 40:17
  Bloomberg. So literally, this guy dedicates
• 40:20
  his life to covering ETFs. OK, so I'm pretty sure they know
• 40:25
  what they're talking about. It goes on to say my interview
• 40:28
  with James is really worth listening to because we covered
• 40:30
  this from outset and James lays it out quite clearly.
• 40:35
  It's worth noting that James and Eric called Grayscale's victory
• 40:38
  in advance and have been accurate along all the way along
• 40:42
  so far. And I'm sure they have been
• 40:43
  because they dedicate their lives to covering ETFs.
• 40:46
  Right. Specifically Eric.
• 40:48
  So here are a couple key points. Grayscale's legal victory, So it
• 40:54
  goes on to say Grayscale winning its court case against SEC has
• 40:57
  significantly shifted the landscape.
• 40:59
  This court decision has been a major catalyst in increasing the
• 41:03
  likelihood of the ETF approval. Second, the SE CS increased
• 41:07
  engagement with issuers. The SE CS proactive discussions
• 41:10
  and meetings with ETF issuers suggest a more collaborative and
• 41:13
  open approach towards resolving outstanding issues and concerns
• 41:17
  related to ETFs. Addressing the SE CS concerns, I
• 41:21
  would add into that the necessity of Barry, of stepping
• 41:27
  away from the sea of being ACEO and Chairman of of of Grayscale
• 41:33
  and I would also put into that pot SPF and Binance.
• 41:38
  The fact that the US government literally took control of
• 41:42
  Binance, I think addresses a lot of those concerns in terms of
• 41:46
  manipulation, in terms of skirting U.S. sanctions, even
• 41:50
  though I I don't agree with that whole policy and whatever, but
• 41:53
  that's another discussion. So yeah, I I do agree with that
• 41:58
  third statement. It goes and then it goes on to
• 42:00
  say market evolution, maturity, the Bitcoin market has
• 42:02
  significantly evolved and matured over the years.
• 42:05
  The better infrastructure, increase in institutional
• 42:08
  participation and more robust regulatory frameworks, improved
• 42:12
  market surveillance and compliance and increase into
• 42:15
  institutional interest. I really think that this is the
• 42:18
  driving factor. To be honest ladies and
• 42:19
  gentlemen, when BlackRock says they're interested in something,
• 42:22
  you know doors open, things happen.
• 42:24
  Here is also Eleanor, and Eleanor is a journalist and
• 42:29
  producer. She works for Fox Business and
• 42:33
  she tweeted this out earlier this morning after the FUD
• 42:36
  article goes on to say the SEC is holding meetings today with
• 42:40
  the exchanges, NASDAQ, the CBOE, and the New York Stock Exchange
• 42:47
  to finalize finalize comments on the 19 BFS submitted by the
• 42:53
  Bitcoin spot ETF issuer. So it definitely looks like
• 42:56
  there's things happening on in the background, but this
• 42:59
  wouldn't be simply Bitcoin without a meme.
• 43:02
  And here's our boy Nicki at mine.
• 43:04
  And you know, this is just so amazing, right?
• 43:08
  The coin graft in turn, the matrix port intern and you know
• 43:13
  they're just dueling it out. But yeah, I mean this is just
• 43:16
  crazy that, you know, there's these, like there's these non
• 43:21
  vetted basically financial, you know publications and whatnot
• 43:29
  that are just like just by a mere tweet, The price of Bitcoin
• 43:34
  dumps like 1010, fifteen, 20%. And of course like, OK, you give
• 43:39
  them the benefit of the doubt, it's an intern.
• 43:41
  But is it really an intern? Like is it really an intern?
• 43:45
  Is it truly an intern? I don't know.
• 43:49
  Anyways, Opti, what are your thoughts on all this?
• 43:50
  Brother. Yeah.
• 43:52
  Well first and foremost I I find it kind of ironic that they
• 43:58
  would do this article and they go the background noise because
• 44:03
  you know like literally the very reason that the article was
• 44:09
  basically saying that the SEC is not going to prove a spot
• 44:11
  Bitcoin ETF is for like the main reason I keep hearing is, you
• 44:14
  know, protecting the consumer and the market is so young and
• 44:18
  and it's a liquid. And you know we got to protect
• 44:21
  the consumer from price manipulation.
• 44:24
  And this is like a this is happening in real time.
• 44:27
  They drop an article, the price goes down.
• 44:30
  They're probably shorting this. Like we know the playbook.
• 44:32
  We've been seeing this for so long, you flood Bitcoin, you
• 44:35
  short it, you profit. You know, literally like the
• 44:39
  main reason the SEC uses to delay a spot Bitcoin ETF is
• 44:42
  because crypto at large is rife with price manipulation.
• 44:47
  And so you know I think there was some signal in that matrix
• 44:50
  port article in the in the summary where like of course
• 44:54
  Jian Wu doesn't want a spot Bitcoin ETF to be approved when
• 44:58
  he is probably still completely bag holding B Cash.
• 45:03
  And once Bitcoin gets out of the door, once they spot Bitcoin ETF
• 45:06
  gets approved, like all the other cryptos are going to get
• 45:09
  completely obliterated in my opinion.
• 45:11
  And the amount of liquidity that's going to get injected
• 45:13
  into Bitcoin before a quote UN quote spot crypto ETF ever gets
• 45:18
  out the door. Like it's going to very
• 45:20
  obviously show that there is Bitcoin and then there is
• 45:24
  everything else. And it really reminds me of what
• 45:27
  Tone Bay said on one of the IR LS you did with him Nico, where
• 45:30
  he was saying that Gensler is a maxi and he's trying to hold the
• 45:34
  floodgates back from institutional liquidity going
• 45:37
  into shit coins. And so that's why he's slow
• 45:39
  rolling a spot Bitcoin ETF. And if you read that, if you
• 45:41
  reread that summary or rather re listen to that summary report,
• 45:45
  you know it. To me it just sounds like Jiwan
• 45:46
  Wu is trying to FUD a spot Bitcoin ETF so that he can try
• 45:50
  to paint a crypto spot ETF in the same light.
• 45:55
  And you know, if you connect those two dots of what Tone base
• 45:58
  was saying and kind of what if you read between the lines in
• 46:01
  that in that matrix report summary, it's like wow, that may
• 46:05
  there may be some real signal to that idea that Gensler is trying
• 46:09
  to kind of do his best so that a spot shit coin ETF doesn't get
• 46:14
  approved on his watch. Because he's not going to be
• 46:16
  able to justify why you can't approve a shit coin ETF when a
• 46:21
  Bitcoin ETF gets approved. And just the amount of, I don't
• 46:24
  know, man like noise and fires that he will have to put out to
• 46:29
  stop a shit coin ETF on his watch.
• 46:32
  It could get very, very interesting in the worst way
• 46:36
  possible for the shit coin markets out there.
• 46:39
  And and of course, as bitcoiners were like, look, of course we're
• 46:42
  free market Maxis, but hey, there are institutions in
• 46:45
  America and they're supposed to do their job and the Howie test
• 46:47
  is pretty clear. All shit coins are securities.
• 46:51
  So I think it's kind of funny and ironic that this is the
• 46:56
  case. You know, we're still so young
• 46:58
  in this market and I I hate using the, like, we are early
• 47:01
  meme guys, but like bitcoin's still a baby.
• 47:04
  You know, it's only 15 years old.
• 47:05
  It's not even at a trillion dollar market cap.
• 47:08
  And we're still seeing that a a small concerted effort by a few
• 47:13
  of people can literally manipulate the price of the
• 47:15
  market. For better or worse, it is what
• 47:17
  it is. Like that's where we are right
• 47:19
  now until more people understand why they're holding Bitcoin,
• 47:22
  until the market cap of Bitcoin is bigger than just, you know, I
• 47:27
  I forget what the numbers are. You know, corporations, I think
• 47:30
  it's like the top 20th, you know, in market cap compared to
• 47:33
  corporations are 16 or something like that.
• 47:35
  Like bitcoin's still a baby guys and right now you're still
• 47:39
  seeing that you're still so early in this game and and This
• 47:42
  is why people get pushed away from Bitcoin in the 1st place
• 47:45
  because the crypto market is rife with scams.
• 47:48
  Like, we can all agree that I I think there's a statistic that
• 47:51
  said like in 2017, the ICL bubble, like 78% of all the shit
• 47:56
  coins out there were known scams and people are still like, no,
• 47:59
  there's Bitcoin and there's crypto and we're all in this
• 48:02
  together. Like, no dog.
• 48:03
  Like Bitcoin is obviously different.
• 48:07
  And once more people wake up to the idea that Bitcoin is
• 48:10
  different, like it's going to be night and day clear that there
• 48:15
  is Bitcoin in there, shit coins. But we're still in this early
• 48:18
  moment, Like we still have to shed off the the bad taste of
• 48:22
  FTX. We still have to shed off the
• 48:23
  bad taste of all the ICO scams. And you know, Bitcoin has done a
• 48:28
  lot of work in this bear market. And I think moving forward we're
• 48:31
  going to see that there is Bitcoin and there is shit coins.
• 48:34
  And you know, all this conflating that we're seeing
• 48:37
  from legacy shit coiners isn't going to change the fact that
• 48:41
  you guys had created securities. And again, you know, not before
• 48:45
  Nihilus Fields in the chat calls me a status, hey, there are
• 48:49
  rules here and you're not changing anything by just
• 48:52
  creating some, you know, printing your own money.
• 48:55
  It's like guys, it's very clear that these shit coins are
• 48:59
  securities. You're printing money out of
• 49:01
  thin air and no amount of lobbying in Washington by Brian
• 49:04
  Armstrong and Coinbase is going to change the fact that you guys
• 49:07
  are marketing securities on your platform.
• 49:09
  There is Bitcoin in there is shit coins.
• 49:10
  So I just find it very ironic and hilarious that this is where
• 49:14
  we are right now. Where you know, Coin Telegraph
• 49:17
  or Matrix Report can write an article, you know the intern can
• 49:20
  write an article and the price dumps.
• 49:23
  It's like, oh man, I can't wait till we can put this behind us
• 49:26
  and we just laugh about it. Dude, it's it's it's just
• 49:29
  interesting. It's just it's interesting to
• 49:31
  say the least. Anyways, I do want to give a
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• 51:00
  birthday to Bitcoin, 15 years strong.
• 51:04
  I should have had like a kazoo here, some fireworks and stuff.
• 51:08
  Anyways, as I told you, I thought this morning, you know,
• 51:13
  my goal here is to try to distill as much wisdom as
• 51:16
  possible to get everyone on the same page.
• 51:18
  Of course, we're all on a different journey, we've all
• 51:20
  been in Bitcoin for different amount of times.
• 51:22
  So I try to distill as much wisdom as possible in the
• 51:25
  culture. And you know, here we go.
• 51:28
  I'm going to start off with with a classic Bitcoin Classic.
• 51:32
  Some might say this is a meme. You know the times here.
• 51:35
  Saturday, January 3rd, 2009, we have Chancellor on the brink of
• 51:40
  second bailout for banks. And if you guys are known,
• 51:42
  actually, maybe maybe I should, I should have brought it up
• 51:45
  here. I'll get you the Genesis block
• 51:47
  so you guys can see what we are talking about.
• 51:51
  It is inscribed in the very first block of Bitcoin.
• 51:56
  Here we go. Let me get this one up for you.
• 51:58
  Oops, wrong one. It's not Lincoln.
• 52:01
  You can see that is inscribed here, right here.
• 52:07
  Chancellor on the brink of second bailout, The first block
• 52:10
  for Bitcoin January 3rd, 2009. So Bitcoin 15 years strong,
• 52:14
  guys, we're still so early in this.
• 52:16
  I I know, I hate using that meme, but it's still so early.
• 52:20
  Like I think Bitcoin is superior to all other monies.
• 52:24
  Obviously Fiat can be the base gold, you know, shouts out to
• 52:29
  the hard money advocates, the gold bugs out there.
• 52:31
  But bitcoins going to replace the hard money?
• 52:34
  It's the newest kid on the block.
• 52:35
  The only thing gold has on Bitcoin is the fact that it's
• 52:39
  been around longer. But Bitcoin is the superior way
• 52:41
  in my opinion, to store money through time and space, and it's
• 52:45
  only a matter of time until everyone wakes up to this truth.
• 52:49
  So on that note, I'm using a blank slate IO over here.
• 52:54
  Sorry for the white, I don't know how to change the color so
• 52:56
  someone knows how to let me know.
• 52:58
  I wrote down this morning and was thinking about it while I
• 53:00
  was in in my slumber last night. What can I provide for you guys
• 53:04
  today on the 15th birthday of Bitcoin?
• 53:07
  Well, I thought of 15 lessons, 15 things we've learned in the
• 53:11
  fat past 15 years to help you learn and get on board and
• 53:15
  protect yourself so that you do not get wrecked.
• 53:18
  Because it's it's very easy to wreck yourself in the Bitcoin
• 53:21
  space there. It's rife with scams.
• 53:23
  There's as I like to think of it, it's like, remember that one
• 53:26
  game on the computer back in the day?
• 53:28
  If you're like my Minecraft, you know you're you're just checking
• 53:31
  for, for, for, for mines everywhere.
• 53:33
  It's like walking a minefield in the Bitcoin space until you get
• 53:36
  to the center of the Tootsie Pop, which is Bitcoin and
• 53:39
  Bitcoin only and spreading that Bitcoin signal.
• 53:41
  Anyways, 15 lessons on bitcoins, 15th birthday?
• 53:44
  First one is obviously there is no political solution.
• 53:49
  The only way to fix this is a peer-to-peer electronic cash
• 53:52
  system that is permissionless, censorship resistant that you
• 53:55
  opt into, that you voluntarily opt into.
• 53:59
  And no amount of state violence can force us to use any more
• 54:03
  money because we have a solution.
• 54:06
  Now it is Bitcoin. There is a Ledger that they
• 54:08
  cannot tamper with that you can opt into and protect yourself.
• 54:14
  And this is what this is all about guys.
• 54:15
  This is why this was inscribed in the genesis block, because we
• 54:19
  know that the banks will continue to bail themselves out.
• 54:23
  They will continue to steal from the little guy and now we don't
• 54:27
  have to take that abuse. You do not have to take the
• 54:28
  abuse of debasing your currency. As we showed you in the numbers,
• 54:32
  the only way to fix our problems is to separate money from state.
• 54:35
  The next one is obviously guys huddle, don't trade.
• 54:38
  As we saw yesterday, you know the markets are very volatile.
• 54:42
  SEC might be right on that point.
• 54:44
  The the market is volatile, but it's not necessarily that
• 54:46
  Bitcoin is volatile because it's still one Bitcoin equals one
• 54:49
  Bitcoin. It is Fiat that is volatile and
• 54:51
  Bitcoin is just reacting to that.
• 54:53
  So don't get caught on the sidelines, don't get over
• 54:56
  leverage, just huddle Your Bitcoin don't trade because you
• 55:00
  might get wrecked like on a move we just saw yesterday.
• 55:04
  The next one is obviously exchanges are not wallets.
• 55:07
  So many examples of this, from Mount G Ox to FTX to everything
• 55:11
  in between. We've have numerous examples of
• 55:14
  this. Do not keep your Bitcoin on
• 55:16
  exchanges for long term storage. And I would say again going back
• 55:20
  to the the second point, don't trade.
• 55:22
  The only reason you'd keep Bitcoin on an exchange is if
• 55:24
  you're trading. So don't trade.
• 55:25
  Take your Bitcoin into cold storage and again, don't
• 55:28
  complicate your cold storage guys.
• 55:30
  Keep it simple. Stupid.
• 55:32
  You know, we've seen so many, so many examples of people over
• 55:37
  complicating the cold storage and then they lock themselves
• 55:39
  out of Bitcoin. Yes, we're all afraid of someone
• 55:42
  coming to our house and robbing us because we don't have the
• 55:45
  backing of state violence to stop a criminal from trying to
• 55:48
  steal our Bitcoin, but there's been probably way more examples
• 55:53
  of people losing their Bitcoin. So hey, if you're if you're not
• 55:56
  the most advanced computer guy, proceed with a password.
• 56:01
  It's probably the best setup. But hey, if you wanna go into
• 56:04
  multi sig, highly encourage it. The next one is everyone's a
• 56:07
  scammer. Guys, go read the Nakamoto
• 56:10
  Institute article by bit scene. Everyone's is a scammer.
• 56:12
  Make sure you're playing the music as well to get the whole
• 56:15
  vibe. As we've seen, as we've shown on
• 56:18
  today's show, the shit coin scammers out there are trying to
• 56:22
  get your Bitcoin. The institutions are coming,
• 56:24
  they're trying to get your Bitcoin.
• 56:25
  But again guys, everyone's a scammer, we all want Bitcoin.
• 56:28
  So just acknowledge that greed is good and everyone is coming
• 56:32
  after your Bitcoin. So again, protect your Bitcoin,
• 56:34
  take it off in exchange huddle, don't trade.
• 56:37
  And then the next one. Guys there is no new Bitcoin.
• 56:39
  As we saw 2017 ICL boom, everyone in their mother was
• 56:44
  creating the next new hotter Bitcoin with new bells and
• 56:47
  whistles and the only thing that will last is Bitcoin.
• 56:49
  There is no new Bitcoin. There is Bitcoin and then there
• 56:53
  is shit coin. It's literally been said in the
• 56:54
  halls of Congress. There's Bitcoin and there's shit
• 56:56
  coin. It's going down in history guys,
• 56:58
  there's Bitcoin and then there's everything else that's trying to
• 57:01
  steal your Bitcoin. The next one is miners do not
• 57:03
  control Bitcoin. I'm super glad we brought on G
• 57:05
  brought up Jiwan Wu on today's show.
• 57:08
  Because if you aren't not aware of what the 2017 fork wars was
• 57:15
  about, I would highly recommend you read it.
• 57:18
  But again, miners do not control Bitcoin.
• 57:20
  The next one, Businesses do not control Bitcoin.
• 57:22
  We saw the same thing, fork wars miners and some Bitcoin
• 57:25
  businesses colluded to fork the network.
• 57:27
  Well, we've learned in time that miners do not control Bitcoin.
• 57:30
  Businesses do not control Bitcoin.
• 57:32
  It is you, the user, that controls Bitcoin.
• 57:35
  The economic activity of Bitcoin is what is the Bitcoin network.
• 57:39
  It was. It's what predestined what's
• 57:42
  going on in Bitcoin. It's people like you that are
• 57:45
  using Bitcoin to transact and the only way you really know is
• 57:47
  the next one. Run a node guys, you need to run
• 57:49
  a node. That is how you show that you
• 57:52
  are on Bitcoin, that you are using Bitcoin for economic
• 57:57
  activity. You need to run a node guys.
• 57:59
  You know, maybe you Uncle Jim, your friends and family.
• 58:01
  I am not diluted into thinking that everyone will run a node,
• 58:05
  but we need more nodes on the network.
• 58:07
  We need to ensure that the Bitcoin network stays
• 58:10
  decentralized. Make sure you're verifying your
• 58:12
  transactions and that's the next one.
• 58:13
  Don't trust verify, Verify your transactions.
• 58:16
  This is why you want to run a note.
• 58:17
  And furthermore, as we keep covering on the show, mainstream
• 58:21
  media keeps lying. They keep flooding Bitcoin.
• 58:23
  Well, you know, let's try not to spread all the fake news as
• 58:26
  well. I know sometimes we do it for
• 58:27
  entertainment value, but don't trust, verify it.
• 58:30
  Whether that's in transactions, whether that's in the media
• 58:33
  that's being portrayed, whether that's in the FUD.
• 58:36
  Educate yourself. Know why?
• 58:37
  You huddle and the huddling becomes easier the next one.
• 58:40
  Bitcoin flows to the strongest hands.
• 58:41
  We've seen this constantly, and we're we saw it yesterday.
• 58:44
  You know, the Bitcoin price gets volatile.
• 58:46
  People get scared. They dump their Bitcoin while
• 58:48
  Bitcoin flows to the strongest hands.
• 58:50
  Make sure you have, as the meme goes, the diamond hands huddle
• 58:54
  that Bitcoin. Hold on it.
• 58:55
  What's it? What's the other one?
• 58:56
  Hold on for dear life, or whatever the meme was.
• 59:00
  Bitcoin flows to the hardest hands guys.
• 59:02
  You want to ensure that you are a hard handed hodler of last
• 59:08
  resort. This is the way.
• 59:09
  And the next one. Stay humble, Stacks at Stay
• 59:11
  solvent. This is a compilation of Matt
• 59:14
  O'dell's MEMA. Stay humble stacks that's in our
• 59:16
  Boy by Kingo. Stay solvent.
• 59:18
  This is I think one of the strongest memes recently.
• 59:20
  Of course guys, do not get too excited in the bull run.
• 59:26
  Even in the bear run. Don't, don't go.
• 59:28
  Don't get into debt to stack more stats if you don't have a
• 59:31
  way of paying it off. Don't get over leverage in the
• 59:33
  bull run when it gets super frothy.
• 59:35
  Stay humble, stack sats. Make sure you are constantly
• 59:39
  buying Bitcoin and the last one. Stay solvent.
• 59:41
  Guys. Make sure you have cash flow
• 59:43
  coming in because you do not want to dump your Bitcoin before
• 59:47
  you get to the fabled hyper bitcoinization.
• 59:51
  And then of course Infinity divided by 21 million.
• 59:53
  I really love this meme. All the world's wealth, in my
• 59:56
  opinion, will eventually be divided by the 21 million hard
• 59:59
  cap of Bitcoin. So if you don't think you're
• 1:00:02
  early to Bitcoin at what $600 billion market cap like?
• 1:00:08
  Again, educate yourself. There's I think.
• 1:00:11
  I think the meme is like $900 trillion.
• 1:00:15
  Of assets in the world. That's all the wealth in the
• 1:00:17
  world right now that will also increase.
• 1:00:19
  Well, all that has to get divided by 21 million.
• 1:00:23
  Of course, all that liquidity is not going into Bitcoin
• 1:00:27
  completely. But any of that liquidity going
• 1:00:30
  into Bitcoin, a fraction of that is going to ensure that the
• 1:00:34
  Bitcoin price goes nuclear gradually.
• 1:00:37
  Then suddenly and we are starting to enter the suddenly
• 1:00:39
  stage and I'm sure we're going to see another suddenly cycle
• 1:00:43
  2024 to 2025 and beyond. And the last one, I say it all
• 1:00:47
  the time when I do the numbers. My favorite number is the block
• 1:00:52
  height. TikTok.
• 1:00:52
  Next block, Bitcoin never dies. As we're seeing, there'll be
• 1:00:55
  more and more obituaries in regards to Bitcoin dying.
• 1:00:58
  You know, people see the price go to a new all time high and
• 1:01:01
  then they'll probably retrace and they'll be like, oh, it's
• 1:01:03
  over, Bitcoins dead and go read all the old Bitcoin obituaries.
• 1:01:07
  Bitcoin never dies. TikTok next block every 10
• 1:01:11
  minutes, roughly every 10 minutes we see a new block.
• 1:01:13
  It is literally the heart pulse of Bitcoin.
• 1:01:16
  It is because you guys are transacting out there.
• 1:01:19
  It's because people find value in Bitcoin and even here, you
• 1:01:24
  know I brought up Men Pulled Out Space, one of my favorite sites.
• 1:01:27
  You can see, you know last block came in 17 minutes ago.
• 1:01:30
  We still have more and more blocks.
• 1:01:32
  Tiktok, next block. Bitcoin never dies.
• 1:01:34
  Bitcoin is here to stay. And if we do this correctly,
• 1:01:38
  guys, if we insure the Bitcoin network by running nodes, we
• 1:01:42
  will be here for another 15 years plus.
• 1:01:45
  Hopefully this is the new monetary network for the next
• 1:01:48
  1000 plus years. And it's really hard to think of
• 1:01:51
  anything that will replace Bitcoin at this point.
• 1:01:53
  But it is because you guys run the nodes.
• 1:01:55
  It's because you guys find value in Bitcoin is because you guys
• 1:01:58
  continue to stack every single day, every single week, every
• 1:02:02
  single month and save in Bitcoin.
• 1:02:05
  This is the way. What's the meme?
• 1:02:07
  You need Bitcoin more than Bitcoin needs you.
• 1:02:09
  Well, Bitcoin is a network of people out there and we have all
• 1:02:14
  collectively, individually come to the shelling point that
• 1:02:18
  Bitcoin is the best money and we find value in saving our wealth
• 1:02:23
  through time and space on a network, in a monetary asset
• 1:02:28
  that cannot be the base of the censorship resistant, that is
• 1:02:31
  permissionless. So shout out to Satoshi for
• 1:02:34
  creating this beautiful, beautiful experiment, this
• 1:02:37
  beautiful movement, this beautiful monetary lecture, this
• 1:02:40
  this Frankenstein monetary Ledger that is Bitcoin that is
• 1:02:43
  unstoppable. And here's to another 15 years,
• 1:02:46
  guys. Truly, I hate to say it, but
• 1:02:48
  we're so early. It's only 15 years in this game.
• 1:02:51
  Happy birthday to Bitcoin. You know, without Bitcoin I
• 1:02:53
  wouldn't be here. I wouldn't be doing my my life's
• 1:02:56
  purpose. I wouldn't be here every single
• 1:02:58
  day having fun with my boy Nico and all of you guys.
• 1:03:00
  Oh, you know, bitcoins changed my life.
• 1:03:03
  If you are new to Bitcoin, just trust the process.
• 1:03:05
  Stacks at Stay humble, stay solvent, and in another cycle
• 1:03:08
  you will also understand exactly what I'm saying.
• 1:03:11
  So I'm I'm trying to distill 15 years into what, 15 minutes and
• 1:03:16
  I just hope you guys get some value out of this.
• 1:03:18
  On that note, shouts out the Bitcoin Happy birthday Bitcoin
• 1:03:21
  to another 15 years. Happy happy birthday, Bitcoin.
• 1:03:25
  15 years old. Wow.
• 1:03:27
  What a, what a journey. What a path it has been.
• 1:03:31
  And yeah man, this is. But this is just the beginning
• 1:03:34
  guys. This is just the beginning of
• 1:03:35
  something wonderful, Something great.
• 1:03:38
  So buckle up, fasten your seatbelts, because it's going to
• 1:03:42
  be a hell of a ride from here and the best is yet to come.
• 1:03:47
  Anyways, guys, if you enjoyed the episode, you know what to
• 1:03:49
  do. Smash that like button.
• 1:03:50
  Consider subscribing if you feel like we provided you value.
• 1:03:53
  But the number one thing you could do to help push the
• 1:03:56
  peaceful Bitcoin revolution is share this content.
• 1:03:59
  Share all Bitcoin content. Don't be exclusive, Be inclusive
• 1:04:03
  for all the meme lovers. We'll be back with the meme
• 1:04:05
  review on Friday's episode. I did have the meme review, but
• 1:04:09
  we're. Yeah we're we're we are
• 1:04:11
  overtime. We had a We had a special
• 1:04:13
  episode today, But we love you all blame.
• 1:04:15
  Nico, somehow, someway this is Nico.
• 1:04:17
  'S fault. We we love you guys.
• 1:04:19
  Thank you so much for tuning in and we will see you guys on the
• 1:04:23
  next one. Peace out, everybody.