Latest / Simply Bitcoin / NEW REPORT: Do Rate Cuts REALLY Drive Bitcoins Price? | EP 1330

Transcript

NEW REPORT: Do Rate Cuts REALLY Drive Bitcoins Price? | EP 1330 · Simply Bitcoin

• 0:00
  Hey guys, I have a normal show for you, but I thought it would
• 0:04
  be bad form if we started the show like normal.
• 0:07
  And just diving straight into the topic.
• 0:08
  I'm sure you're aware a very tragic event happened yesterday.
• 0:12
  I'm a loss of words about it, to be honest.
• 0:16
  It's very shocking and just thoughts and prayers go out to
• 0:20
  Charlie Kirk and his family. An intense, intense moment.
• 0:23
  I think it really shows the tumultuous times that we're
• 0:26
  living in and it's just it's it's absolutely insane to see.
• 0:31
  So I, I just thought we couldn't start the show like normal.
• 0:34
  We do have a normal show for you guys.
• 0:37
  It's just it's crazy times and I just felt I couldn't start the
• 0:41
  show like normal. So with that being said, I we
• 0:43
  will talk about it later in the show in the culture because.
• 0:47
  Obviously it's it's. Crazy times going on right now.
• 0:50
  With that being said, I, I'm going to pivot to our normal
• 0:53
  show. You know, we might be a little
• 0:56
  off today because it's just a lot going on.
• 0:59
  So with that being said, changing gears, as you guys
• 1:03
  know, I, I have been getting some Flack recently around the
• 1:06
  rate cuts. Well, we got a new report and
• 1:08
  everybody's assuming that rate cuts will be bullish for
• 1:11
  Bitcoin. But this new report that Binance
• 1:13
  just dropped shows that it's not that simple.
• 1:17
  And the timing of what comes next could catch most people
• 1:20
  offside. And so considering we're
• 1:22
  entering AQ4 and everyone is certain Bitcoin is about to
• 1:25
  begin its rally, I do want to dive into this and let's just,
• 1:29
  you know, see what potentially could happen next week if rate
• 1:33
  cuts are announced. Of course, I'm here with Sophie.
• 1:37
  She's been doing great job with us.
• 1:39
  Anyways, as you guys can see, I'm over here on Binance.
• 1:43
  They dropped the report. Actually, I'll go up to the.
• 1:45
  Title Do rate cuts really drive Bitcoin's price?
• 1:48
  And this is in their insights and analysis research.
• 1:51
  And you guys know, the, this last couple of days, you guys
• 1:55
  have been giving me a lot of Flack in the chat and saying
• 1:57
  that I'm bearish. That's not, that hasn't been the
• 2:00
  case at all. But I got some data here.
• 2:04
  I was kind of just giving you my gut feeling kind of what I think
• 2:07
  is going to happen. Now I kind of have some data to
• 2:10
  back up my perspective here a little more.
• 2:13
  I was just saying, hey, considering we are seeing a lot
• 2:17
  of economic uncertainty, I'm not sure that what people are
• 2:21
  expecting to happen in the Bitcoin price is going to happen
• 2:24
  right away. I've, I've been seeing a lot of
• 2:26
  people say, hey, when rate cuts happen, it's going to be super
• 2:28
  bullish, Bitcoin's going to pump.
• 2:30
  And as much as I do believe that is the case and it will follow
• 2:34
  in that manner, I don't necessarily think that right
• 2:38
  when they're announced, we're going to see some crazy
• 2:40
  parabolic, you know, run here, Omega candle, what have you.
• 2:44
  And so here's the summary and I'll break down the data for you
• 2:47
  guys in a minute and it goes. Historical analysis of the 2019
• 2:50
  and 2024 Fed rate cut cycles show no consistent positive
• 2:53
  price impact on Bitcoin, which has previously followed a quote
• 2:58
  sell the news pattern or shown no clear trend.
• 3:01
  So diving down the first part, they're really just kind of
• 3:04
  doing a macro overview of markets and of course of the
• 3:08
  crypto markets or Bitcoin markets.
• 3:10
  This is Binance, so they are saying it crypto markets.
• 3:13
  But I'll just jump straight to the part that is really, I think
• 3:17
  backing up my thesis. And again, it's not that I'm
• 3:20
  bearish, it's just I, I think we might have the order of
• 3:23
  operations. Off a little bit here so.
• 3:26
  The portion titled Macro outlook Do Fed rate cuts really drive
• 3:29
  Bitcoin's price? That's where we get the meat of
• 3:32
  the signal here. So with market expectations
• 3:35
  running high for the US to enter a new interest rate cut cycle
• 3:38
  this month, it is an opportune time to delve into the potential
• 3:41
  impact on the crypto, or rather Bitcoin market.
• 3:44
  While it is acknowledged that a decrease in the risk free rate
• 3:48
  is logically beneficial for the valuation of any risk asset from
• 3:51
  a discounted cash flow perspective, empirical evidence
• 3:54
  and testing indicate that a Fed rate cut actions are not by
• 3:58
  themselves a reliable standalone indicator for bitcoins price
• 4:02
  movements. And this is what I've been
• 4:04
  trying to tell you guys the last couple of days.
• 4:06
  I know the chat's been calling me bearish.
• 4:08
  You guys are saying, oh, Opti's a bear now what?
• 4:11
  Like what is going on? Did Nico get in his ear?
• 4:15
  No, I just think we might have these orders of operation wrong.
• 4:19
  Like I said earlier. So breaking this down, they
• 4:22
  reviewed 2 rate cut moments. There's actually been three rate
• 4:25
  cut moments, rate cut cycles in bitcoins history since 2014, but
• 4:30
  one of them was in 2020. So they kind of put that one
• 4:34
  aside because it was an emergency rate cut.
• 4:36
  It was, you know, just a strange time and it it was probably not
• 4:43
  really in the same pattern as everything else.
• 4:45
  And so therefore, again, they focus on the 2019 and 2024 rate
• 4:49
  cut. And again they have figures here
• 4:52
  saying Bitcoin did not show consistent pattern before and
• 4:54
  after the start of the last two planned rate cut cycles.
• 4:57
  So as the data showing us is essentially there is no positive
• 5:02
  correlation in the sense that right when they cut rates,
• 5:04
  Bitcoin price is going to go up. So diving into this, there's two
• 5:09
  scenarios that they're pointing out or rather out of the two
• 5:12
  data points, we know of two scenarios that are going to
• 5:15
  happen or potentially can happen.
• 5:17
  And it's a 2019 preventive cut cycle, which basically in this
• 5:21
  context, we don't really care about the S&P 500 per SE, but we
• 5:25
  will focus on just the Bitcoin impact.
• 5:28
  And so the cycle was not triggered by an economic
• 5:31
  recession, but was quote an insurance cut in the response to
• 5:34
  trade tensions and concerns about slowing economic growth.
• 5:37
  And in Bitcoin terms, the market exhibited a classic buy the
• 5:40
  rumor sell the news pattern, which I don't know if that's
• 5:43
  necessarily what I've been thinking of going to happen next
• 5:46
  week if we do get a rate cuts, But the the price action is it's
• 5:50
  kind of what I was thinking. So in the months leading up to
• 5:52
  the rate cut, Bitcoin's price surge from approximately 4000 to
• 5:56
  13,000. However, once the cuts were
• 5:58
  actually implemented, the price decline, this is kind of what I
• 6:02
  was saying, that we're probably seeing some bullish indicators
• 6:05
  right now in gold price. And of course the Bitcoin price
• 6:09
  is starting to to retrace a bit here.
• 6:12
  That might just build up until we get rate cuts and then we see
• 6:16
  some kind of dip. Now I know you guys are calling
• 6:18
  me a bear because I said maybe under 100.
• 6:20
  I don't know. All I'm saying is we might see a
• 6:22
  dip. Now.
• 6:23
  The 2024 soft landing cut cycle was a little different than the
• 6:27
  2019 cycle and we did see that following the rate cut cycle,
• 6:32
  the price did pump, but their dad is saying it's not
• 6:36
  necessarily just because of the rate cut.
• 6:39
  So again, the background. The cycle began amid easing
• 6:42
  inflationary pressures and slowing economic growth, which
• 6:46
  depending on the data, you could argue is where we are right now,
• 6:49
  which was well anticipated by the market.
• 6:51
  It's macroeconomic context is more analogous to the current
• 6:55
  environment. Again, what we're kind of seeing
• 6:57
  right now, where a natural cooling of the economy guides
• 6:59
  policy adjustments rather than a crisis response.
• 7:02
  And this is where it gets a little more tricky.
• 7:04
  This is why I said it's not as simple as, oh, rate cuts happen,
• 7:07
  Bitcoin prices going to RIP. So the Bitcoin performance was
• 7:11
  prior to the first rate cut in September, Bitcoin did not
• 7:14
  exhibit a clear trend, primarily oscillating between 50,000 and
• 7:17
  70,000. The significant price increase
• 7:20
  following the cut coincided closely with the shifts in the
• 7:23
  US election landscape, making it difficult to solely attribute
• 7:26
  the price movement to the rate cut itself.
• 7:29
  Which is kind of what I was trying to say.
• 7:30
  Just because we get rate cuts next week, the 17th of
• 7:35
  September, doesn't necessarily mean the Bitcoin price is going
• 7:37
  to RIP. Yes, people might feel a little
• 7:40
  more comfortable with their investments and now they know
• 7:42
  where to put their capital. And and you know, historically
• 7:46
  the thesis is essentially if we do get rate cuts, it does
• 7:50
  essentially mean more liquidity in the system.
• 7:53
  Rate cuts do increase liquidity because it basically encourages
• 7:57
  credit creation and it will push capital into higher velocity
• 8:01
  asset or more risky assets, of course, like Bitcoin.
• 8:05
  And it usually does proceed a boom in equities and hard
• 8:08
  assets. So it's not just that a rate cut
• 8:11
  happens and then prices going to go up just because the rate cuts
• 8:16
  were announced, though I know a lot of people are sitting on the
• 8:18
  sidelines and kind of waiting for what's going to happen and
• 8:22
  maybe they'll see Bitcoin as a better investment here.
• 8:26
  So just going down here a little more, you can see here's a
• 8:29
  comparison of policy rate changes in Bitcoin price
• 8:32
  changes. Again, there's really no clear
• 8:35
  connection here. And I think they're actually
• 8:37
  saying there's a negative correlation here.
• 8:39
  So policy force may exceed expectations.
• 8:42
  But for investors betting on falling interest rates, a
• 8:44
  positive historical signal is that once the Federal Reserve
• 8:47
  begins a policy cycle, the actual magnitude of its actions
• 8:51
  often exceed the market's initial expectations.
• 8:54
  So I think, you know, that's kind of what we're we're talking
• 8:57
  about here. Therefore, once the Fed
• 8:58
  initiates a new policy cycle, investors should remain open
• 9:02
  minded about its ultimate trajectory, not be confined by
• 9:05
  initial forecast. So this is kind of what I've
• 9:07
  been trying to say to you guys on the show, that yes, rate cuts
• 9:12
  are bullish for a Bitcoin or rather more risky asset
• 9:17
  investment strategy. Again, if there's no interest
• 9:21
  into these treasuries and people don't want to invest in, then
• 9:24
  they're going to find somewhere else to store their wealth.
• 9:26
  But it's not as clear cut as hey, oh, rate cuts are going to
• 9:29
  happen. Bitcoins going to pump.
• 9:31
  It's more so the market might react negatively to this.
• 9:34
  Maybe it's already priced in a sell the news, you know, sell,
• 9:38
  buy the rumor, sell the news type scenario and we might see
• 9:42
  kind of some market correction and then eventually the capital
• 9:47
  will come in. Though I did find a very
• 9:49
  interesting tweet here. This is from the Bitwise Invest
• 9:55
  CIO. Yeah, wait, yes, I'm sorry, CEO.
• 9:58
  And you can see here where it's quoting Eric Balkunis and it
• 10:01
  goes money market, mutual fund assets are at a record $7.3
• 10:05
  trillion and Hunter Horsley goes win rates come down 7.3 trillion
• 10:11
  is going to be looking for a new asset to help store value.
• 10:14
  And I think this is probably the signal going on as I've been
• 10:17
  covering for you guys on the show.
• 10:19
  We're seeing people aren't interested in storing their
• 10:22
  wealth in Treasuries. Treasuries are no longer the
• 10:26
  store of value medium that it used to be.
• 10:29
  We're seeing central banks go into gold.
• 10:31
  We're seeing investors not like treasuries.
• 10:34
  We're seeing them go into gold themselves.
• 10:37
  And if we do see the scenario where they do cut interest rates
• 10:41
  rapidly and in a cycle where they're just basically, you
• 10:46
  know, destroying the interest on these treasuries, it doesn't
• 10:49
  make sense to invest in like a 30 year treasury and you're only
• 10:52
  going to get less than 4% returns on this.
• 10:54
  We know inflation, if you're looking at the real numbers, is
• 10:57
  already close to that. If you're looking at what a lot
• 11:00
  of us believe to be the case, it's probably higher than that.
• 11:03
  So there's no return in long term treasuries, which makes
• 11:07
  that investment thesis really shaky.
• 11:09
  And So what we're seeing again is if we do do get this interest
• 11:13
  rate cut next week, doesn't necessarily mean the Bitcoin
• 11:16
  price is going to RIP. But what it does mean is it does
• 11:20
  eventually lead to more liquidity, which is exactly what
• 11:24
  Lynn Alden's been saying. Bitcoin is a global liquidity
• 11:27
  barometer essentially with more liquidity in the system with the
• 11:31
  the amount of credit creation basically going to get ramped up
• 11:36
  in next week. If this does happen, there will
• 11:38
  be more liquidity in the system. It's got to find a new home.
• 11:41
  We believe it will be Bitcoin eventually.
• 11:44
  I think this is a bullish case for Bitcoin towards the end of
• 11:47
  this year. But my whole caveat was this
• 11:50
  idea that I, I just don't think if we get those announcements on
• 11:55
  the 17th, we are going to see a huge Omega candle.
• 11:59
  I know everyone's thinking parabolic run in bitcoins
• 12:01
  coming. I also believe Q4 will be
• 12:04
  bullish for Bitcoin, but I don't think that correlation is 1 to
• 12:08
  1. Essentially, we get rate cuts,
• 12:10
  Bitcoin price is going to pump. That's what everyone's saying.
• 12:13
  And maybe as like a Pareto DIS distribution here, Pareto
• 12:17
  principle, because everyone's saying that maybe I'm taking the
• 12:20
  contrarian view that the prices of Bitcoin and some markets are
• 12:24
  going to go down. Again, long term, I think this
• 12:27
  is extremely bullish for Bitcoin, but I just wanted to
• 12:30
  maybe curb expectations for what's to come next week.
• 12:34
  Also, of course, you know, confirm my bias here and give
• 12:36
  you guys more data that I'm not being bearish here.
• 12:40
  It's this is just kind of my my read of what's going on right
• 12:44
  now in the markets. So I could be completely wrong.
• 12:46
  We could see a RIP. I'm not sure.
• 12:48
  I'm just saying, you know, maybe we need to curb our enthusiasm
• 12:52
  here. I know as a bitcoiners, we do
• 12:54
  get very excited and we're we're overly bullish on news and
• 12:58
  what's going on in the world. And then we are like, why isn't
• 13:00
  the Bitcoin price pumping? I'm just saying the markets
• 13:04
  might not react exactly how you think.
• 13:06
  Long term, this is bullish. In the short term, we don't know
• 13:09
  what's going to happen. So I got some data for you guys.
• 13:13
  You can call me a bear all you want in the chat, but I'm
• 13:16
  backing up my my thesis with the data now.
• 13:19
  So hey, I could be wrong. I'm not exactly sure what's
• 13:22
  going to happen. I don't think anyone's sure
• 13:24
  what's going to happen, which is why we're seeing people get the
• 13:28
  capital and, and kind of sit on the sidelines right now because
• 13:31
  there is so much uncertainty in the world right now in, in
• 13:34
  economic terms and of course in, in societal terms.
• 13:37
  Like we are in a tumultuous time right now and no one really
• 13:40
  knows what's happening. But from our perspective, we
• 13:43
  still think Bitcoin's the best long term investment or store
• 13:46
  value. It's a place to be sitting in
• 13:48
  right now. If you are seeing what's going
• 13:51
  on in the world and you, you're just like, this is this is, I
• 13:54
  don't know, I don't know what to believe.
• 13:55
  You were trying to opt out. This is why we always say, say
• 13:57
  saving Bitcoin, store it correctly and you know, just
• 14:01
  keep doing that long term, you will be set up in a good
• 14:04
  position. So anyways, enough ranting for
• 14:06
  me Sophie. I know you're not the macro
• 14:08
  person. Was this me speaking Chinese or
• 14:11
  or does this start to make a little sense?
• 14:13
  No, your speculation makes total sense.
• 14:16
  I mean, I think that we have famously fallen for the sell the
• 14:22
  news situation time and time again and I feel like this might
• 14:29
  not be any different. The only thing that is different
• 14:32
  though from all of the patterns that you mentioned is that
• 14:35
  Bitcoin does have a presence in the S&P 500 now.
• 14:40
  Strategy is part of the S&P 500. Bitcoin treasury companies, are
• 14:44
  they? Didn't get at it yet they
• 14:45
  didn't. They didn't get at it.
• 14:46
  No. Well, will they get at it?
• 14:48
  By we don't know. Maybe by the end of the year.
• 14:51
  Are there hedge fund companies that are?
• 14:54
  Yeah, there. There's Bitcoin.
• 14:55
  Yes, yes, they're on NASDAQ, just didn't get out of the S&P
• 14:58
  500. Whatever, Bitcoin is part of
• 15:02
  Wall Street right now, and that is something that we have never
• 15:06
  seen in the cycles previous. And so, you know, what makes
• 15:11
  this rate cut different is essentially that.
• 15:15
  So if people are placing their capital in Wall Street and
• 15:20
  that's what usually tends to go up, I, I'm not so sure that it's
• 15:26
  much of A sell the news event, because if these people decide
• 15:31
  to invest in these companies, then the hedge funds are going
• 15:34
  to be forced to buy more Bitcoin.
• 15:36
  And it, it, it might be exactly what you say.
• 15:38
  It might not, you know, pump that same exact day.
• 15:41
  Maybe there might be like a mini pump and then a dump.
• 15:45
  But eventually throughout Q4, we are definitely going to see the
• 15:51
  material like that materialize. I I totally agree and there was
• 15:55
  a good question in the chat here Steve math math desk and and
• 16:02
  there's other people in the chat that are saying the same thing.
• 16:04
  The bigger question is Bitcoin never really looked at fed rates
• 16:06
  per SE before. Why is this why is that starting
• 16:09
  now? I like.
• 16:12
  We're in the system. Yeah, kind of that's kind of
• 16:14
  where I was going. I totally agree.
• 16:17
  You know, as, as a bitcoiner, we, we do have this kind of
• 16:21
  perspective that we don't believe that a small group of
• 16:25
  people should be able to control the interest rate for the
• 16:27
  economy. We, we don't believe in the
• 16:29
  centralized control of the economy.
• 16:32
  That's why we're bitcoiners in the 1st place.
• 16:33
  We have, you know, outsourced our monetary policy to an
• 16:39
  algorithm and we know what's going to happen.
• 16:41
  But I think what has changed here, and this is part of the
• 16:45
  bigger conversation of what Sophie was saying, is that Wall
• 16:48
  Street is now finally dipping their toes in Bitcoin.
• 16:51
  And so the investors now, the institutional investors that are
• 16:54
  coming into Bitcoin, they do look at these indicators as
• 16:59
  reasons to deploy capital or not to deploy capital.
• 17:02
  And if they're seeing all of this data and they're waiting
• 17:05
  for rate cuts, then they're basically part making their
• 17:08
  wealth on the sideline and waiting until there's certainty
• 17:10
  in the markets and then they will start deploying their next
• 17:13
  move. And so if we are seeing this
• 17:15
  much uncertainty on the Tradfi level, then that essentially
• 17:18
  means that the the big wealth, the people with deep pockets,
• 17:21
  the people that do wait for these Fed rate cuts
• 17:24
  announcements, they're kind of just sitting on their hands
• 17:27
  right now and just waiting to see what's going to play out
• 17:31
  before they make their next move.
• 17:33
  And so depending on what they see from the Fed rate cuts,
• 17:36
  that's what's going to be their next.
• 17:38
  If they, you know, keep, keep the interest rates the same,
• 17:41
  then maybe they either go go along with what they've been
• 17:45
  doing and they're not changing the course.
• 17:47
  If they do see the rates cut, then they have to adjust their
• 17:52
  strategy. And so we are seeing an influx
• 17:55
  of capital coming from Wall Street now and again, as this
• 17:58
  new investor, quote UN quote, comes into the space, they are
• 18:02
  following these macroeconomic indicators of what they're going
• 18:06
  to do. So I think that's why a lot of
• 18:09
  us Bitcoiners now are looking to what the Fed does, what these
• 18:13
  nation state policies are doing is because they are here now,
• 18:17
  they're they're on our doorstep. You know, Bitcoin is
• 18:19
  infiltrating Wall Street now. And all these things do play
• 18:23
  together. Bitcoin does have a role in the
• 18:25
  macro landscape and we're seeing this play out in real time.
• 18:29
  Yes, it's still the beginning of this, but people aren't fully
• 18:33
  convinced of Bitcoin like we are and they need more market
• 18:36
  signals before they either quote UN quote, take the risky
• 18:40
  investment and start to go into Bitcoin if they can play it safe
• 18:43
  and not change their course and that's probably what they're
• 18:46
  going to do. So that would be my take on why
• 18:49
  quote UN quote, we care about this now is because we are
• 18:52
  getting bigger. We're seeing that a lot of
• 18:54
  capital is taking these indicators as you know, gospel
• 18:58
  and that's when they're going to make their moves.
• 19:00
  And so if we do see the rate cuts, then we know, hey, more
• 19:03
  liquidity in the system and then people will be taking a little
• 19:06
  more riskier bets because the safe haven assets just aren't
• 19:10
  giving them the returns they need to continue to thrive.
• 19:13
  So that would be my take. You know, maybe it's not a
• 19:16
  perfect answer for you guys. You're like, why do we care
• 19:18
  about the Fiat system? And it's it's my view is just,
• 19:22
  hey, we are a part of the macro landscape right now.
• 19:25
  We are not big enough yet to kind of do our own thing and not
• 19:29
  care about what's going. We're basically like, what's
• 19:32
  those little fishes that are under the whales?
• 19:34
  You know, they like eat, they eat the the germ.
• 19:38
  Yeah, they're eating, you know, the germs under the bellies and
• 19:41
  stuff. It's like, that's how you can
• 19:42
  imagine what Bitcoin is right now.
• 19:45
  We are tiny in comparison to global markets.
• 19:48
  And so if they, you know, have a hiccup like Bitcoin pukes, if
• 19:51
  they sneeze, you know, Bitcoin is completely out cold with the
• 19:56
  flu. So that's probably why there's
• 19:58
  more of this interconnection going on.
• 19:59
  I mean, to be fair, I think we've graduated to like maybe a
• 20:04
  slightly bigger fish. We are being mentioned by the
• 20:09
  President of the United States and the Secretary of Treasury
• 20:14
  and, you know, all these important people.
• 20:16
  And I do think that, you know, we've, we've kind of.
• 20:20
  Grown a lot as a currency and and we've made our mark on the
• 20:25
  world. So I wouldn't I wouldn't put it
• 20:28
  past us just, you know, as a sell the news event.
• 20:32
  I really do think that eventually, like everybody is
• 20:37
  going to turn to Bitcoin, especially when they start to
• 20:41
  look at previous returns. And we know how boomers love
• 20:46
  their 5% returns. Imagine if they started seeing
• 20:49
  it was a 5X return. So yeah, I think I it's, it's
• 20:55
  exactly what you said. Maybe in the very short term,
• 20:59
  it's not gonna pump, but in Q4, you better buckle up because
• 21:05
  it's it's gonna go, it's gonna go way up in my opinion.
• 21:09
  Yeah. I, I think Q4 is still gonna be
• 21:11
  extremely bullish, especially if we do get these interest rate
• 21:14
  cuts. You know, the liquidity is going
• 21:17
  to expand. And the basic view of inflation
• 21:20
  is, you know, the more they expand the dollar supply, the
• 21:23
  more inflation goes up. That's the historical definition
• 21:26
  of inflation. It's not just, you know, grocery
• 21:29
  prices going up, it's that they're expanding the money
• 21:31
  supply and it all has to eventually find a home.
• 21:34
  They people, once they see inflation is on the horizon,
• 21:37
  they try to find a place to store their value.
• 21:40
  And personally here at Simply Bitcoin and probably you guys in
• 21:43
  the chat, we ball at least at the at least understood that
• 21:47
  Bitcoin is the best place to store your value.
• 21:49
  It's the best performing asset the last 16 years.
• 21:52
  It's the place you need to be. The world is going digital
• 21:55
  whether we like it or not. It is going digital.
• 21:58
  It will be digital. I don't think we're going to a
• 22:00
  world without the Internet. That's why I am making the play
• 22:04
  that Internet native money is going to be the move of the
• 22:06
  future. So that's why we're Bitcoiners.
• 22:09
  Even in the face of all this stuff, Bitcoin is still what, 2%
• 22:14
  of the global capital? There's still a long ways to go.
• 22:17
  There's a lot of opportunity. I see that as an opportunity and
• 22:21
  more importantly, I think that even with just a slight
• 22:25
  increase, people will FOMO in. I guarantee you this happens
• 22:31
  every single cycle. You start getting the text from
• 22:34
  your friends when you know Bitcoin is going parabolic.
• 22:38
  Hey, I want to buy some Bitcoin, can you help me?
• 22:40
  And you know, you just like look at them with like the slow
• 22:45
  blinks and start and start to question like what, Like what
• 22:51
  what do I look to you? Like I'm not a bank.
• 22:53
  Like go figure it out yourself. No, I'm just kidding.
• 22:55
  I'll help all my friends. But you know, people usually
• 22:59
  tend to FOMO in and and then that's when you know that we've
• 23:03
  made it to the top. I am waiting for retail FOMO
• 23:07
  again. That was fun times, good times
• 23:09
  in 2017, almost good times in 2021.
• 23:12
  But it's on that we're we're due for another, we're due for
• 23:15
  another retail moment here. Will we have it this year?
• 23:19
  I don't know. I'm I'm hoping, I'm really
• 23:20
  hoping it would be a lot more fun.
• 23:23
  And in that case, on any case, we still believe Bitcoin's the
• 23:27
  best way to store your value, to build wealth, build generational
• 23:31
  wealth. Of course, you know, pay your
• 23:33
  bills, all that good stuff, but the excess profit should
• 23:36
  definitely end up in Bitcoin, and that's how you're gonna be
• 23:39
  able to store your wealth moving into the what?
• 23:42
  What's it the end of the 21st century?
• 23:45
  Yeah, middle, middle part. Middle part yeah.
• 23:48
  Anyways guys, on that note, of course we appreciate every
• 23:51
  single one of you guys that watches the show.
• 23:53
  Smash the like button, comment on the show, share it with your.
• 23:56
  Friends. Yeah, exactly.
• 23:57
  Do you think rate cuts will be bullish comment on the show?
• 24:01
  Of course. Subscribe to our channel.
• 24:03
  We appreciate everyone that's ever watched the video that is
• 24:06
  subscribed to our channel that hangs out in the chat.
• 24:08
  You guys mean the world to us. On that note, I do want to give
• 24:11
  a huge, huge sending of love to our boys over at Bitcoin.
• 24:16
  Well, go to abitcoinwell.com/simply BTC sign
• 24:23
  up to get real Bitcoin. When you send them your dollars,
• 24:26
  they send you Bitcoin directly into your cold storage.
• 24:29
  And that's why we love them because they can never rug pull
• 24:32
  your Bitcoin. They have never lost Bitcoin and
• 24:34
  they will never lose Bitcoin into the future because they
• 24:37
  never hold that Bitcoin. Once your money clears, it goes
• 24:40
  straight to you. The best way to get your Bitcoin
• 24:43
  and of course, when you sign up here scan the QR code, you get
• 24:46
  three chances to win a million SAT's in the Bitcoin wishing
• 24:50
  well. We will be playing it at the end
• 24:52
  of the show. I I won't forget hopefully like
• 24:55
  I did. 2 days ago. Get your lightning while it's
• 24:59
  ready. Yeah, get your lightning while
• 25:02
  it's ready. And we will give out some
• 25:03
  Bitcoin at the end of the show. On that note, let's get into the
• 25:06
  show. So there is some new interesting
• 25:08
  news coming out of the SEC. It looks like they are pivoting
• 25:11
  100%. And then also interesting stuff
• 25:14
  coming out of Asia. It looks like Asia is starting
• 25:18
  to make moves and in various jurisdictions they, they're
• 25:22
  again also pivoting into Bitcoin.
• 25:25
  As our boy Luke likes to say, we are seeing the Asia backflip
• 25:28
  into Bitcoin happen in real time.
• 25:31
  And so just around the board, it is a very interesting time in,
• 25:36
  in terms of Bitcoin adoption, whether you love the nation,
• 25:41
  states, legislation, regulation or not, it's starting to look
• 25:45
  like they are waking up to this and they're trying to make moves
• 25:48
  right now. So very interesting developments
• 25:50
  happening around the world. On that note, let's get into the
• 25:54
  show. I want to give a shout out to
• 26:03
  our partner stamp seed. Is your Bitcoin and cold storage
• 26:06
  really secure? Are your seed phrases really
• 26:09
  secure? Stamp Seeds Do it Yourself kit
• 26:11
  has everything you'll need for you to hammer your seed words
• 26:15
  into commercial grade titanium plates instead of just writing
• 26:19
  them down on paper. Paper is fragile.
• 26:22
  Titanium plates are strong. Your words are actually stamped
• 26:26
  into the titanium plate with this hammer and these letter
• 26:30
  stamping tools. Once the words are in, they
• 26:32
  aren't going anywhere. No risk of the plate breaking
• 26:36
  apart and pieces falling everywhere.
• 26:38
  Titanium stamp seeds will survive nearly triple the heat
• 26:42
  produced by a house fire. They're also crush proof,
• 26:44
  waterproof, non corrosive, and time proof.
• 26:48
  And now you can customize your titanium seed plates.
• 26:52
  You can upload your design or logo and they will laser engrave
• 26:56
  on the back of your seed plate the opposite side of where the
• 27:00
  words are. Stamp your seed on Stamp seed
• 27:03
  and use promo code simply to get 15% off anything on the Stamp
• 27:08
  se-ed.com store. All right, guys, we are back.
• 27:16
  And we are on Clark Moody's dashboard.
• 27:18
  Go to bitcoin.clarkmoody.com. Of course, the current Bitcoin
• 27:22
  price is 114,520 a -7.9% decline from all time high.
• 27:29
  So hey, the markets are rallying right now.
• 27:32
  Yeah, we're we're, you know, there's some life in the price
• 27:34
  right now. And maybe it's kind of what I
• 27:36
  was saying in the beginning of the show.
• 27:38
  Maybe this is people pricing in the interest rate cuts.
• 27:41
  I have been following a few new, I don't know if I'd call them
• 27:44
  chart boy boys or not, but they are predicting next week.
• 27:47
  It's probably going to be a bullish, bullish week, he said.
• 27:51
  He keeps saying lift off in, I don't know, seven days.
• 27:53
  I'm like. Like don't get my hopes up here
• 27:55
  man. Don't get my hopes up please.
• 27:58
  Anyways, the curtain. You know what?
• 28:00
  I'd rather keep my expectations down and then be.
• 28:03
  Yeah, pleasantly surprised. Pleasantly surprised again.
• 28:05
  Yeah, We, we don't care about the Bitcoin price and Fiat
• 28:07
  terms. It's it's about how much Bitcoin
• 28:09
  you own. But hey, look, you guys know me.
• 28:12
  I, I, I consider myself a moon boy.
• 28:14
  I, I, yeah, I earned that title with pride.
• 28:16
  Now I wear it with pride. Now, anyways, the market cap in
• 28:19
  Fiat terms, in dollar terms is $2.28 trillion and the current
• 28:23
  block height is 914,256. That's the only the only time
• 28:28
  that really matters is block height.
• 28:31
  Then the block height's the only real time in the world right
• 28:34
  now, 900 and 14256. OK.
• 28:37
  So as I said, SEC Chair Paul Atkins, he he just did a a
• 28:44
  speech I believe it was yesterday and he said some
• 28:47
  interesting things. So I'm going to play that for
• 28:50
  you. And then I do have a block
• 28:51
  article kind of highlighting some of the some of the more
• 28:53
  finer points. So let's play the clip.
• 28:56
  It is pretty bullish. Obviously, I know a lot of
• 28:59
  people in the audience aren't that favorable towards the SEC,
• 29:03
  but it is a further signal of what we've seen that the
• 29:07
  administrations, the institutions, they are all
• 29:10
  pivoting now with this ID, at least in the US, which is
• 29:13
  basically having ripple effects to everywhere else around the
• 29:16
  world, which I'm going to cover later in the news, that now they
• 29:20
  are embracing Bitcoin, which is a strange place to be.
• 29:24
  And considering Bitcoin has been, you know, the outcast for
• 29:27
  so long. We we've been disbarged and
• 29:30
  called all kinds of things and now they're making a 180% pivot
• 29:36
  on what's going on. I think it could be bullish.
• 29:39
  I'm also a bit concerned about over regulation, so let's just
• 29:44
  play the clip. And then we'll chat about it.
• 29:47
  And today, ladies and gentlemen, we must admit that crypto's time
• 29:51
  has come. For too long, the SEC has
• 29:55
  weaponized its investigatory subpoena and enforcement
• 29:59
  authorities to subvert the crypto industry.
• 30:03
  That approach was not only ineffective, but injurious.
• 30:07
  It drove jobs, innovation and capital overseas.
• 30:12
  American entrepreneurs bore the brunt and have been forced to
• 30:15
  spend fortunes on building a legal defense instead of a
• 30:20
  business. That chapter belongs to history.
• 30:24
  It's a new day at the SEC Policy is no longer set by ad hoc
• 30:29
  enforcement actions. We will provide clear,
• 30:33
  predictable rules of the road so that innovators can thrive in
• 30:37
  the United States. President Trump has tasked me
• 30:40
  and my counterparts across the administration with making
• 30:45
  America the crypto capital of the world, and the President's
• 30:48
  Working Group on Digital Asset Markets has delivered a bold
• 30:53
  blueprint to guide us in those efforts.
• 30:57
  So guys, we. Need the bars we.
• 30:59
  Need the bars. So guys, look, a complete shift
• 31:04
  from Gary Gensler. And we all know I've been saying
• 31:07
  this on the show, I've been trolling a little bit on the
• 31:09
  show that Gary Gensler was really a Bitcoin maxi and he was
• 31:12
  trying to, you know, protect investors from the, the mass
• 31:15
  scams of shit coins out there, which I, I, that was me.
• 31:19
  That was me troll. Yeah, he did a class at MIT on,
• 31:22
  on blockchain. And then so we were all bullish
• 31:25
  that he would come in and he would be favorable for the
• 31:27
  industry. And, you know, people are
• 31:29
  arguing like, hey, the ETF was launched under Gary Gensler.
• 31:33
  And so I, I kind of took that and spun it and was like, maybe
• 31:36
  he waited so long because he wasn't able to justify how not
• 31:40
  to get shit coin ETFs launched. And so This is why it took so
• 31:44
  long but eventually pushed through the Bitcoin ETF maybe.
• 31:47
  It was between Iraq. Being being nice about it, yes,
• 31:50
  but still. He's not here anymore.
• 31:52
  That's why we can be nice about it.
• 31:55
  But still the, the rhetoric we're hearing from Paul Atkins
• 31:59
  here, the new SEC chair, I think it's completely different than
• 32:02
  what we saw in the past. And as you can hear him in that
• 32:05
  speech himself, the the biggest point, I mean, he said Kryptos
• 32:08
  time has come. I, I would argue it's bitcoins
• 32:10
  time has come, but they are doing some things that I'm, I'm
• 32:14
  not so favorable about in, in terms of the, the fact that they
• 32:18
  are using crypto and, and what's going on from the SEC there.
• 32:21
  Is no crypto without Bitcoin? Totally agree, but it it gets a
• 32:24
  little worse than that though. But it does seem like they are
• 32:28
  fully embracing Bitcoin or crypto, whatever, whatever word
• 32:32
  you want to use and really on the path or at least trying to
• 32:37
  live up to the meme of US being the Bitcoin superpower of the
• 32:40
  world. So I'm going to dive over here
• 32:43
  to the blocks coverage of this because there there is some
• 32:45
  stuff. In here, that is.
• 32:47
  I'm sure that the. Audience isn't going to really
• 32:49
  like, but a very interesting difference from Gary Ginzer when
• 32:53
  he was SEC chair. So headline SEC chair Atkins
• 32:56
  says on chain capital raising should come without endless
• 33:00
  legal uncertainty. I mean, I, I like it in terms of
• 33:04
  when they talk about Bitcoin as we saw the last year, 2024 was a
• 33:10
  hard year for Bitcoin as we saw Bitcoin wallet providers and
• 33:14
  companies leave the US. We saw a lot of people getting
• 33:18
  arrested. It was, it was a tumultuous
• 33:21
  year. And there was a very real sense
• 33:24
  from Bitcoiners that, hey, like this is going the wrong
• 33:27
  direction. It might not be safer as
• 33:30
  Bitcoiners. And then, you know, Trump using
• 33:32
  his campaign was very pro Bitcoin and arguably is one of
• 33:36
  the reasons why he got elected. Now going into this a little
• 33:39
  bit, you can see again, basically you saw the clips, but
• 33:43
  right here is probably where we would differ from Paul Atkins
• 33:48
  here, the new SEC chair is this quote right here.
• 33:50
  So Atkins also reiterated the stance that quote most crypto
• 33:54
  tokens are not securities and fall outside the agent remit
• 33:58
  now. That's correct.
• 33:59
  It's currency. Well, I mean.
• 34:02
  Capital gains tax. I In terms of Bitcoin, yes, I I
• 34:06
  again, I don't like to be an advocate.
• 34:10
  For. Law, you know, giving giving
• 34:14
  institutions of power to arrest people.
• 34:17
  But I would argue that chick coins are securities.
• 34:21
  Well by by the Howie test, it is a security.
• 34:23
  Yes, it. Is, but then now they're saying.
• 34:25
  It's not, but I also. I also don't care about.
• 34:29
  Shitcoins I I agree. I agree with that.
• 34:31
  But also, I don't care. They like I, I could literally
• 34:35
  care less. Like if they're saying Bitcoin
• 34:38
  is not a security, then that means that it's a currency, that
• 34:42
  means that it's protected speech, and that means that you
• 34:46
  can't tax me if I sell it so. Baby steps, we'll get there.
• 34:51
  Hopefully, hopefully we'll get there.
• 34:53
  Anyways, I'm going to read a little more of this.
• 34:55
  And this is probably where a lot of the Bitcoin Maxis, Bitcoin
• 34:59
  purists are going to be like, aw man, it's not looking too good.
• 35:02
  So Paul Atkins called Project Crypto, part of President Donald
• 35:06
  Trump's efforts to turn America into the crypto capital of the
• 35:09
  world. The SEC is working to, quote,
• 35:11
  modernize the security rules and regulations to enable our
• 35:14
  markets to move on chain. If you guys have been following
• 35:17
  along, there has been a huge push to tokenize all securities
• 35:22
  and it seems like now they are, you know, laying the road for
• 35:26
  that to be possible. So again, going further in this
• 35:29
  it goes. This includes providing clear
• 35:31
  guidelines regarding the quote security status of crypto
• 35:34
  assets, as well as opening the door for trading platforms to
• 35:37
  offer trading, lending and staking services under a quote
• 35:40
  single regulatory umbrella. The move comes amid a sea change
• 35:45
  in the regulatory approach towards crypto in the US.
• 35:48
  During Trump's second term this summer, lawmakers were able to
• 35:52
  pass the first substantial piece of crypto legislation, of
• 35:55
  course, the Genius Act, and have since made progress on the
• 35:58
  market structure bill called clarity that would determine
• 36:01
  whether the SEC or the FCC, FTC is responsible for market
• 36:05
  oversight. So as, as we've been kind of
• 36:08
  seeing we, we've gotten this sense from the new head of the
• 36:11
  SEC that they are acknowledging that they had weaponized the SEC
• 36:16
  against the industry. Now they're trying to, you know,
• 36:20
  pull back on that. Now maybe they're going a little
• 36:24
  too far the other way. I, I believe that there's
• 36:26
  Bitcoin and everything else is a scam, but I'm, I'm not, not, not
• 36:31
  someone out here to essentially say like, let's make rules.
• 36:34
  To I think I. Think this might.
• 36:35
  To make it easier to compete with Bitcoin.
• 36:37
  But you know it, it's a Gray area.
• 36:39
  I I. Well, first of all, nothing can
• 36:41
  compete with Bitcoin and second of all, I, I think this might
• 36:44
  just be a, a way for you know, the, the SEC or whoever to get
• 36:52
  people like ripple XRP, all these shit coins to donate more
• 36:55
  money to them 'cause that's what they did the first time around
• 37:00
  that's. You know you.
• 37:01
  Took the word right out of my mouth, Sophie, You took the word
• 37:04
  right out of my mouth. Just.
• 37:06
  Be them trying to get them to pay more money to donate more.
• 37:13
  Totally agree. That seems to be the case and.
• 37:18
  We are seeing some pushback from politicians in DC in that case
• 37:23
  and are in that vein. So we, you know, I, I'm going to
• 37:26
  hold my breath here and see what actually comes out.
• 37:29
  But I do like the favorable rhetoric.
• 37:32
  So I'm hopeful, I am hopeful that hey, at the very least, as
• 37:35
  we've been saying for a long time, the only use case for shit
• 37:39
  coins is to basically make cover for Bitcoin.
• 37:41
  So if they're going to let it all flood and and hit the
• 37:43
  markets, then, you know, game on game.
• 37:47
  Yeah, game on. Yeah, totally.
• 37:49
  Like game on, Bitcoins going to succeed via the merits of its
• 37:53
  own, and then nothing else can compete with Bitcoin.
• 37:55
  So maybe. This guy is like actually a
• 37:57
  super hardcore maxi. It's just like unleash the
• 38:02
  floodgates and let Bitcoin win. Who knows We're.
• 38:06
  Ending like all protections for shit coins, you can gamble at
• 38:09
  your own risk, and we're just going to adopt Bitcoin.
• 38:14
  Yeah, I love it. It's a smokescreen.
• 38:16
  A smokescreen here. That's the only use case for
• 38:19
  shit coins. Anyways, I will move on and
• 38:22
  let's talk about what's happening in Asia.
• 38:25
  A lot of interesting stuff going on, literally.
• 38:28
  I don't know if I could say today, it was probably this
• 38:30
  morning and yesterday, but there's there's some interesting
• 38:33
  stuff happening. So let's jump right into it.
• 38:36
  I want to give a shout out to our partner Let in the leader in
• 38:40
  Bitcoin back loans unlock the liquidity in your Bitcoin
• 38:43
  without having to sell your Bitcoin.
• 38:45
  They've issued $9 billion in loans to over 10,000 customers
• 38:50
  since 2018. I absolutely love these guys.
• 38:53
  Not only do I have an account with them, but I also have a
• 38:56
  loan and what I love about them is that there are no monthly
• 38:59
  payments and you could pay back the loan at any time.
• 39:02
  As soon as you send your Bitcoin as collateral, you'll have cash
• 39:05
  in your account within 24 hours. Over 1005 star customer reviews
• 39:10
  and they've never lost a single dollar or SAT of customer money.
• 39:14
  Go to learn dot leadin dot IO slash simply today and you'll
• 39:19
  get .25% off your first loan. I want to give a shout out to
• 39:24
  our partnersat123.com. Sovereignty isn't just about
• 39:28
  your money, it's about your communications too.
• 39:30
  When the grid goes down, most people go dark.
• 39:33
  Cell towers fail and hurricanes, cyber attacks and blackouts.
• 39:36
  But satellite phones, they don't rely on local infrastructure.
• 39:39
  Iridium has 77 satellites in orbit, giving you a Direct Line
• 39:44
  anywhere in the US, even offshore.
• 39:46
  If you hold your own Bitcoin keys, you should hold your own
• 39:49
  commstoosat123.com also has everything you need need to
• 39:53
  start building your Bitcoin. Citadel, Starlink, battery
• 39:56
  backups, Faraday bags to protect your hardware wallets and much
• 40:00
  much more. It's a one stop shop for anyone
• 40:03
  serious about resilience and off grid independence.
• 40:06
  Stay connected, stay independent, stay sovereign.
• 40:09
  Go to sat123.com/simply today and use promo code simply to get
• 40:14
  15% off anything on the store. All righty then, guys.
• 40:29
  So we are back and I think this is an interesting pivot.
• 40:33
  We've been seeing this trend play out the last couple of
• 40:36
  months in Hong Kong and we have been making this.
• 40:40
  Case this theory that what happens in Hong Kong is
• 40:43
  essentially a test bed for you know, mainland China and
• 40:48
  whatever they do there they're getting.
• 40:51
  I would say direct approval from mainland China.
• 40:54
  They have the, you know, two countries, one policy kind of
• 40:58
  operandis there. And so I don't think this is
• 41:02
  just like a nothing burger. But anyways, going further, we
• 41:05
  have Hong Kong moves towards looser bank standards for crypto
• 41:09
  in bid to cement regional dominance.
• 41:11
  So as we're seeing right now, as we just played, the US is very
• 41:18
  blatantly saying, hey, we want to be the Bitcoin capital, the
• 41:21
  crypto capital of the world. And those ripples are, you know,
• 41:25
  going out into the rest of the world.
• 41:26
  And now they're also trying to make some play.
• 41:28
  So while this might be a minor play in regards to the
• 41:32
  traditional macro landscape, I think this is a interesting
• 41:36
  development that yes, whether you love or hate Trump ever
• 41:40
  since he became pro Bitcoin or pro crypto, however you want to
• 41:43
  frame it, everyone else had to take what we're doing here a lot
• 41:47
  more seriously. And we're slowly but surely
• 41:50
  seeing the pivots happen in real time.
• 41:52
  So going further into this, Hong Kong proposes easing banking
• 41:55
  rules for licensed stable coins and select crypto assets.
• 41:58
  Again, the push for stablecoins is becoming a worldwide
• 42:02
  phenomenon. So consultation on CRP 1
• 42:05
  framework open until November 2020.
• 42:07
  Fifth, effective January 2026. HK MA divides crypto into two
• 42:12
  groups based on stabilization mechanisms and risks.
• 42:14
  So Hong Kong taking another step towards cementing its status as
• 42:19
  Asia's crypto hub again, proposing looser requirements
• 42:23
  for institutions holding stablecoins and digital assets.
• 42:25
  The new supervisory policy manual that sets out how crypto
• 42:29
  should be classified under Basel Committee standards.
• 42:32
  The proposal, if finalized, would allow banks to treat
• 42:34
  license stablecoins as lower risk assets, cutting the capital
• 42:38
  requirements currently applied under international no banking
• 42:41
  rules. Of course, lighter rules for
• 42:43
  licensed stable coins and then the crypto part is split into
• 42:47
  two groups. The HHKMA has divided crypto
• 42:50
  into two categories Group 1 assets with stabilization
• 42:54
  mechanisms and effective risk controls.
• 42:56
  Subgroup 1A covers tokenized traditional assets while 1B
• 42:59
  includes licensed stable coins and then group 2 unbacked or
• 43:03
  algorithmic crypto assets without sufficient safeguards
• 43:06
  covering most of the current market, including Bitcoin and
• 43:09
  ethereum. This dual tier system slightly
• 43:11
  diverges from strict basal criteria, but aligns with Hong
• 43:15
  Kong strategy of balancing innovation with risk control.
• 43:19
  Again, not not my favorite, you know, views here, but we we know
• 43:24
  that they they probably can't fully endorse Bitcoin and just,
• 43:29
  you know, let it all let it all fly.
• 43:31
  But they are making moves. And so for better or worse,
• 43:34
  you're starting to see that every institution, or rather
• 43:38
  most all the institutions in the world are taking what Bitcoin is
• 43:42
  doing very seriously. Now, this alone would be pretty
• 43:45
  interesting because we have been covering the saga of what's
• 43:48
  going on in Hong Kong. Is China mainland tactically
• 43:52
  involved in this? Is this them directly or
• 43:54
  indirectly trying to experiment with Bitcoin?
• 43:57
  I, I would make the case that this is, you know, them
• 44:00
  experimenting and using Hong Kong as as a test bed for what
• 44:04
  they're going to do. But also in Asia, we saw this
• 44:07
  happen this morning as well. South Korea lifts ban on VC
• 44:11
  funding for crypto companies. They had a ban in place since
• 44:14
  October 2018 and now they have officially pivoted on this.
• 44:19
  So South Korean crypto asset related companies can now apply
• 44:23
  for venture capital funding after seal.
• 44:25
  Seoul. What is it Seoul?
• 44:26
  It's Seoul abolished A7 year old ban.
• 44:30
  The South Korea newspaper Seoul QJ reported that the Ministry of
• 44:34
  SME's and Startups say the existing ban on crypto firms VC
• 44:38
  funding will end on September 16th.
• 44:40
  Isn't that? The same day that they're.
• 44:43
  Announcing it's the 17th, the day after the day after.
• 44:46
  Interesting. Yeah, interesting.
• 44:48
  The ministry said that State Council, South Korea's chief
• 44:51
  executive body and ministerial cabinet, has signed off on the
• 44:55
  move. So they agreed to make a partial
• 44:57
  amendment to the enforcement decree of the Special Act on the
• 45:00
  Promotion of Venture Business, essentially sending that the
• 45:03
  amendment will effectively scrap the designation of crypto
• 45:06
  trading and brokerage provider firms as a restricted venture
• 45:10
  business. And again, the ban has been in
• 45:12
  place since 2018. And this is, I think combined
• 45:16
  is, is very interesting considering what we're hearing
• 45:20
  from the US, of course, from the Trump administration, from Scott
• 45:23
  Besson, from the SEC, the CFTC, the US is embracing Bitcoin and
• 45:29
  now we're seeing that everywhere else is having to embrace
• 45:33
  Bitcoin too. Whether they like it or not,
• 45:35
  whether the regulation or, you know, the laws that they put in
• 45:38
  place are favorable or not, they have to make moves.
• 45:42
  This is, in my opinion, is essentially the institutions are
• 45:45
  bending the knee to Bitcoin. They're trying to get ahead of
• 45:48
  this because they understand that their current regulations
• 45:51
  are not setting them up to, in their terms, profit from this
• 45:56
  crypto boom that we are a part of this new gold rush, as people
• 45:59
  like to call it. So interesting stuff happening.
• 46:02
  You are seeing that the tide is shifting in our direction again.
• 46:08
  I would like to see a lot more grassroots adoption of Bitcoin,
• 46:12
  but a lot of people are still waiting for the authority
• 46:14
  figures to basically tell them, yeah, it's safe for you to get
• 46:17
  into Bitcoin. There's again, so many things
• 46:19
  going on in the world right now that people are hesitant to
• 46:22
  invest in something like Bitcoin.
• 46:24
  Even to us it seems like a no brainer.
• 46:27
  To a lot of people, it's still something they don't want to get
• 46:30
  involved in, but now they have to.
• 46:33
  They're starting to change the rules so that they can start to
• 46:35
  make moves. So I think it's an interesting
• 46:37
  development. Again, love him or hate him, but
• 46:39
  Trump really started the dominoes to fall.
• 46:42
  So kudos. He's he's definitely come
• 46:45
  through and if these banks in Hong Kong are making it easier
• 46:51
  or removing regulations and obstacles for people to purchase
• 46:55
  quote UN quote crypto, that means that the banks themselves
• 47:00
  might be buying Bitcoin because. Well, the CEOs probably are for
• 47:05
  sure. No, not the CEOs, the banks
• 47:08
  themselves. Because think about it, if
• 47:11
  they're making it easier for money to pour into crypto, then
• 47:17
  that means that they're going to have to like buy something to to
• 47:21
  actually be their store of value.
• 47:23
  I mean, that's what I would do if I was a bank.
• 47:27
  But what do I know? I'm just, I'm just a girl.
• 47:33
  To your point though, we have seen a lot of banks and hedge
• 47:39
  fund invest in micro strategy. So, you know, one step removed
• 47:44
  again, maybe this is kind of a sign of the times of where we
• 47:49
  are right now, where direct exposure to Bitcoin is still
• 47:53
  frowned upon. But hey, you can invest in a
• 47:55
  company that all they do is buy Bitcoin.
• 47:58
  And you could just be like, yeah, I, you know, I just, I
• 48:01
  like what he's doing and the profits are there.
• 48:04
  So you can justify that case to your shareholders and people at
• 48:08
  your company. Whereas going directly into
• 48:10
  Bitcoin could still be looked upon as a bad move.
• 48:15
  But we've known the ETFs basically, you know, best ETF
• 48:19
  launch ever. We're seeing a huge amount of
• 48:22
  buys in MicroStrategy, some banks buying MicroStrategy,
• 48:26
  sovereign wealth funds buying MicroStrategy.
• 48:28
  So they're not fully into Bitcoin yet per SE as an entity,
• 48:32
  as a corporation, but they are making moves towards it.
• 48:36
  And you know, they, they're moving slow, but just that gives
• 48:39
  us more time for us to stack and, and acquire our positions
• 48:42
  here. So I think it's bullish all
• 48:45
  around. I think, you know, it's all good
• 48:47
  for Bitcoin. And yeah, we're just starting to
• 48:50
  see the Domino's fall. It's just very interesting to
• 48:53
  see how quickly this happens. And like I said, you know, 2025
• 48:56
  is going to be one of those time stamp years where we
• 49:01
  acknowledge, yeah, things started to change after that
• 49:04
  year. And in the moment we, you know,
• 49:07
  maybe we're getting restless. Maybe we want to see bigger
• 49:10
  news. We want to see more adoption of
• 49:12
  Bitcoin being used peer-to-peer by individuals and I.
• 49:15
  Mean it's that though, it's that's the part it's not so much
• 49:19
  the news anymore because I don't I don't know how much more
• 49:22
  positive the news can get. The news has been all positive
• 49:26
  like 100%. And like when is the news ever
• 49:30
  100% positive for anything? I think it's, it goes back to
• 49:35
  what I said the other day. It goes back to like
• 49:37
  peer-to-peer adoption and usage. And it's really cool that Seoul
• 49:42
  is lifting this ban because maybe a lot of these companies
• 49:47
  and startups that are coming up that VCs want to invest in are
• 49:51
  companies that enable people to use Bitcoin peer-to-peer.
• 49:55
  And if that happens in Seoul, and if that's like kind of the
• 49:58
  testing ground to see whether that concept really works or
• 50:02
  not, I mean, that would be huge. That would be the thing that
• 50:07
  shows governments, hey, like, maybe we can actually like, like
• 50:12
  actually like do this, like and hold Bitcoin and it'll be
• 50:15
  beneficial because look how it's working out for these companies.
• 50:19
  Look how it's working out for the everyday person.
• 50:22
  You know, they already know that they have to get in on it.
• 50:25
  But I think once they realize that the public masses are using
• 50:31
  it and that it's been tried and true, that's going to be like
• 50:36
  the final nail in the coffin for the institutions and governments
• 50:40
  to just go all in. Well, I would love to see.
• 50:43
  I mean, we do know the Kimchi premium and that that's not like
• 50:48
  a derogatory term. That's, that's like what they
• 50:50
  officially call it. There is a huge fervor for
• 50:53
  Bitcoin in Korea and then past bull markets, like when when the
• 50:59
  Western world, when the US would go to sleep, you know, Europe
• 51:02
  would pick up the trading volume and then Korea would basically
• 51:04
  pick up the rest. And there'd be times where you'd
• 51:07
  wake up and the price would just be pumping and you'd just be
• 51:10
  like. My brothers over there in Asia,
• 51:13
  my Bitcoin brothers holding it down for us.
• 51:15
  It's and we haven't seen it in a while, but look, but it seems
• 51:21
  like, you know, I know the, the Bitcoiners out there probably
• 51:24
  haven't left, but it does look like the pivot we are seeing
• 51:28
  from the administration in the US is having effects on
• 51:31
  administrations globally. So look, it does seem like we
• 51:35
  are on the precipice of everyone adopting Bitcoin.
• 51:38
  Now, will some of these laws be favorable?
• 51:41
  That's still all up for debate. And maybe it does lead into more
• 51:45
  of the sovereign individual thesis where you will see some
• 51:48
  jurisdictions that treat Bitcoin better and people will start to
• 51:52
  move there, entrepreneurs will move there.
• 51:54
  And so competition is good here. I I love to see the competition
• 51:57
  happening. And it seems like it's just
• 51:59
  beginning. So yeah, like Sophie was saying,
• 52:01
  you know, the news seems to be really good.
• 52:04
  It's been really, really good. How much better can it actually
• 52:06
  get? I think for all of us is like
• 52:09
  going down the street and seeing people use Bitcoin is probably
• 52:12
  the best news where we can use Bitcoin day-to-day.
• 52:15
  That's going to be, you know, the final, the final apex news
• 52:18
  for us here. But yeah, it's, it's, it's
• 52:21
  heating up it, it's changing. The best news that I could ever
• 52:25
  get is having somebody that I know tell me that, you know
• 52:29
  they've used Bitcoin in some way that isn't just as a form of
• 52:34
  investment. That's the best news to me
• 52:37
  because that means that it's working and that means that it's
• 52:39
  been a proven concept to somebody that I know.
• 52:42
  And if it's a proven concept to somebody that I know, then I
• 52:45
  know that other people who are just like normal everyday
• 52:48
  individuals will also make that realization on their own.
• 52:53
  I don't know when, I can't tell you when, but eventually, with
• 52:58
  enough maniacs like Opti, Nico and I, we will get there.
• 53:04
  We'll get there one day we will get there OK guys, we're going
• 53:09
  to go into the culture it's it's going to be a little different
• 53:14
  than usual. As I said in the beginning, it's
• 53:17
  it's a crazy day for all of us sad day.
• 53:21
  So we we will be chatting about it coming up right now so.
• 53:26
  After the break, we'll be right back.
• 53:30
  I want to give a shout out to our partner Hive Digital
• 53:33
  Technology. Why Hive in 2025, unstoppable
• 53:37
  growth as the first ever public miner, Hive's position to
• 53:42
  quadruple their global footprint, making them one of
• 53:45
  the world's fastest growing miners in 2025.
• 53:48
  And with elite operations that consistently topped the industry
• 53:52
  in Bitcoin mine, per Exahash, Hive's now headquartered in the
• 53:56
  USA. They're lean and mean, they're
• 53:58
  green and clean, and they're rewriting the playbook on
• 54:01
  sustainable Bitcoin mining. You can catch the latest buzz at
• 54:05
  Hive Digital Tech or at Hive digitaltech.com.
• 54:15
  I want to give a shout out to our partner Bitcoin Ben dot IO.
• 54:19
  If you're into freedom Bitcoin and building a real community,
• 54:22
  this is for you. Gain exclusive access to real
• 54:26
  world members only private clubs across the globe featuring poker
• 54:31
  nights, expert LED classes, Co working spaces, educational
• 54:35
  meetups, live events and more. Current locations include
• 54:39
  Sarasota, Nashville, Boston, Dallas, Las Vegas and Saint
• 54:43
  Louis, with new clubs launching soon in West Palm Beach,
• 54:48
  Scottsdale, Alabama and beyond, not to mention Bitcoin Bends
• 54:53
  Resorts in El Salvador. There's three of them and
• 54:56
  they're absolutely beautiful. You'll also get access to the
• 54:59
  first fully backed Bitcoin bank with Fiat ramps and savings
• 55:04
  accounts. It's called private KeyBank and
• 55:08
  you guessed it, it's based out of El Salvador.
• 55:10
  Go peer-to-peer with Bitcoin bulk buys, tap into home equity
• 55:15
  for long term Bitcoin growth and join their exclusive mining
• 55:18
  pools. If you're interested in mining,
• 55:20
  what are you waiting for? Head over to Bitcoin bend dot
• 55:23
  IO. Join today where Bitcoin meets
• 55:26
  freedom. All right, guys.
• 55:33
  So I'm sure you're aware of the very tragic event that happened
• 55:38
  yesterday. I don't know if everyone saw it,
• 55:40
  but extremely shocking and graphic video that I'm sure
• 55:45
  everyone saw, or at least it was circulated all over the
• 55:48
  Internet. That's all my timeline was
• 55:51
  really yesterday and you know, earlier today and last night
• 55:54
  Soph and I and Nico were like, man, what do, what do we do?
• 55:57
  The show on today It's it's hard to even talk about Bitcoin.
• 56:00
  It's hard to make content on a day like today.
• 56:03
  And you know, whether you agreed with his politics or not, to see
• 56:08
  this happen is just absolutely horrible.
• 56:10
  So, you know, not to be live about it, but yesterday we lost
• 56:13
  the bitcoiner guys and and we lost a father and a Christian
• 56:17
  and a young man that that was a very pro free speech Maxi, you
• 56:22
  know, willing to debate and it's just it's really hard to put
• 56:26
  into words. I think I'm still kind of in
• 56:27
  shock about what happened and what I saw and kind of what is
• 56:31
  going on in the world and just how tumultuous that like this
• 56:35
  time actually is. I I know sometimes we're we're
• 56:39
  very you know, me personally, I'm I'm a jester.
• 56:41
  I like to joke about it and we talk.
• 56:43
  You know, I, I say some things that that are that are wild.
• 56:46
  But yesterday it was, it was definitely one of those moments
• 56:50
  where I had to reflect on on my life and who I've been.
• 56:53
  And you know, like what, you know, what if I wasn't here
• 56:56
  today and just is my life in a, a position right now that that I
• 57:01
  am OK with and rather have I done everything that I wanted to
• 57:05
  do. And it was it was just a it was
• 57:08
  one of those shocking moments. So I'm gonna play this clip of
• 57:10
  Charlie. I'm sure there's a lot of good
• 57:12
  clips of Charlie Kirk. Around more more of what his
• 57:16
  political takes are and and his ideologies.
• 57:18
  But since this is a Bitcoin show, I'm going to kind of mourn
• 57:23
  him in the sense of not only his movement, but what he's done for
• 57:27
  Bitcoin. And you know, it's.
• 57:29
  Just absolutely tragic to see. So I'm going to play this clip
• 57:33
  and then I have Ross Ulbricht's kind of take on this and and the
• 57:36
  importance of Charlie Kirk in in the Bitcoin movement, not just
• 57:39
  in the cultural movement at large, but in the Bitcoin
• 57:41
  movement. So here's the first clip.
• 57:44
  What are your thoughts on Bitcoin?
• 57:45
  I'm a big fan of it. Should the US do a Bitcoin?
• 57:48
  Absolutely, yes. Yes, the the United States
• 57:50
  should should have a strategic Bitcoin.
• 57:51
  And who should pay for the Bitcoin reserve?
• 57:54
  That's a good question. Hopefully some of the tariff
• 57:56
  money could potentially do the reason why I think we should
• 57:59
  have a strategic Bitcoin reserve.
• 58:00
  I know you guys had Michael Saylor on your show, and I think
• 58:03
  he's on to something. There is something called like
• 58:05
  the mass adoption theory, which is over a period of time, like
• 58:08
  the English language U.S. dollar, things just catch on and
• 58:11
  they're just kind of volitional and there's no stopping it.
• 58:14
  I think Bitcoin is that you got to watch out though.
• 58:17
  Quantum computing could potentially crack cryptography.
• 58:20
  If they do that, then they're also cracking bank accounts,
• 58:23
  right? And stock.
• 58:24
  Trading account so quantum is the only asterisk on all this,
• 58:27
  but I think Sailors on to something very profound, which
• 58:30
  is that because Bitcoin is a scarce legitimately scarce
• 58:34
  resource that is probably going to go nowhere but up.
• 58:37
  So sailor makes very provocative argument that Bitcoin could go
• 58:39
  up 10X over the next 10 years or something like that, which
• 58:42
  therefore, if we start a Bitcoin strategic reserve, it could like
• 58:45
  pay for the national debt and like basically cover our losses
• 58:49
  on the deficit. But I think that we should, I
• 58:51
  think the United States government should be invested in
• 58:53
  crypto without a doubt. I tend to agree with Michael
• 58:55
  Saylor that it's more likely to go to a million than 0.
• 58:58
  Yes, I think that's right. And by by the way, so you have a
• 59:01
  problem of the world's richest people, they don't know where to
• 59:03
  put their money. So there's only so many
• 59:05
  penthouses in London and Paris that they could buy.
• 59:07
  There's only so many ranches in Wyoming that they could buy.
• 59:10
  And so they we had this problem. So you create all this money,
• 59:12
  the money goes upwards to wealth inequality point to your earlier
• 59:16
  point. The question is then, well, what
• 59:17
  do rich people do with money? There's only so many equities
• 59:19
  they can buy. There's only so many shares in
• 59:21
  NVIDIA and Apple and Microsoft. They could justify.
• 59:24
  Well, money needs to find a home, and it's found a home in
• 59:26
  Bitcoin. And so once it has mass adoption
• 59:29
  and the literally the wealthiest families on the planet are
• 59:31
  starting to park serious monies in Bitcoin, and because it's
• 59:35
  scarce, it's easy to transfer and it's just a winner.
• 59:38
  Sometimes there's a mass adoption and it just rises to
• 59:41
  the surface. And I think, I think Bitcoin is
• 59:43
  that. Absolutely spot on.
• 59:47
  It's man, like, look, I didn't just I didn't agree with all of
• 59:52
  Charlie Cook's politics, but as a Christian or someone that's
• 59:55
  trying to be a better person, there's a lot I do agree with
• 59:58
  him on and it's just in it was very shocking and and intense to
• 1:00:03
  watch that last night, though again, that clip's spot on.
• 1:00:06
  I do want to hit on this portion.
• 1:00:08
  From Ross Ulbric. Which I think really is going to
• 1:00:13
  cement his place in the Bitcoin history, in the Bitcoin
• 1:00:16
  movement. Ross did a whole eulogy for him.
• 1:00:20
  And anyways, he goes last year alone, when President Trump won
• 1:00:23
  the election, he asked Charlie what was the number one thing he
• 1:00:26
  could do for him. And Charlie replied, free Ross.
• 1:00:29
  And in the days leading to my release, Charlie advocated for a
• 1:00:32
  full pardon. He did this and more without
• 1:00:34
  expectations of me. You know, just huge shout out
• 1:00:38
  again, he you could argue that he is, you know, the the main
• 1:00:43
  person to get Ross freed. I know the Bitcoin community
• 1:00:46
  rallied around Ross Ulbricht, but he is was part of the the
• 1:00:51
  Trump inner circle and it's just just too young, tragic.
• 1:00:56
  And one last thing here from David Bailey, which I think
• 1:00:58
  really sums up everything. Like, I don't know if you guys
• 1:01:01
  saw the video, but his shirt was said freedom across his chest
• 1:01:04
  like, and it's just I'm I'm getting the chills right now
• 1:01:07
  thinking about it. It's it's just extremely
• 1:01:09
  horrible and sad to see. So David Baileys tweet without
• 1:01:12
  freedom of speech there is no America.
• 1:01:14
  I think that's why I can't shake this pit in my stomach.
• 1:01:16
  Bitcoin is the last bastion and unsalable freedom immune.
• 1:01:20
  To. I don't know if I can say that
• 1:01:24
  immune to conflicts and control, for the sake of the country and
• 1:01:28
  the world, we must be. Successful, I will echo that as
• 1:01:33
  a freedom of speech, Maxi. It's you know, I I just it's
• 1:01:36
  absolutely horrible what we saw someone willing to debate these
• 1:01:39
  ideas. Just, you know, I, I don't, I've
• 1:01:43
  literally had a loss of words of what to say guys, a really
• 1:01:46
  heavy, heavy moment and we've been feeling it here all day.
• 1:01:50
  You feel it, you feel it online, you feel it in the air, you feel
• 1:01:53
  it with anybody that you speak to, that the world lost someone
• 1:01:58
  who was genuinely a good person and genuinely trying to fight
• 1:02:02
  for what was right. And I didn't know how involved
• 1:02:06
  he was in free Ross movement. And it just goes to show like
• 1:02:11
  there was consistency in his message for freedom of speech.
• 1:02:16
  He really, really believed in that.
• 1:02:18
  And he really believed that without dialogue, we would be
• 1:02:22
  lost as a nation because we would be lost without each
• 1:02:26
  other. If we don't speak to each other,
• 1:02:28
  if we don't have this basic freedom, then, you know, we lose
• 1:02:33
  ourselves to dictatorship, authoritarianism and just basic
• 1:02:38
  like 1984 style, like MPC stuff. So yeah, we lost a really.
• 1:02:45
  And and the fact that he was killed doing like exactly what
• 1:02:51
  we you know, what he what he always did, which was just talk
• 1:02:55
  to people is infuriating, infuriating honestly.
• 1:02:59
  Like it should make it should make you really sad.
• 1:03:03
  Yeah. And then also, you know, as
• 1:03:05
  content creators ourselves, it, it's just it's absolutely
• 1:03:11
  horrific that something like this would happen for for
• 1:03:15
  someone that just talks on the Internet.
• 1:03:17
  It's just we, we are living in, in some crazy times right now,
• 1:03:22
  tumultuous times right now economically and of course
• 1:03:25
  societal, culturally and. Yeah, 'cause if it happens to
• 1:03:30
  somebody like Charlie Kirk, if it almost happened to the
• 1:03:34
  president of the United States, then you know what's left for
• 1:03:37
  everybody else. You have to wonder, like, when
• 1:03:41
  is the day that somebody is going to be upset about us
• 1:03:46
  talking about Bitcoin? Because you have to realize,
• 1:03:49
  like, we're talking about the monetary system.
• 1:03:51
  This is the biggest system in the world aside and and it's the
• 1:03:56
  foundation of you of like civilization aside from
• 1:04:00
  religion. There's, you know, money.
• 1:04:03
  And so when when will they come after Bitcoiners?
• 1:04:08
  You know, you have to really it. That's why it's such a moment of
• 1:04:10
  reflection. 100%. For me at least, like aside from
• 1:04:14
  being a content creator, it's the type of content that we're
• 1:04:17
  making. Like when will they start to
• 1:04:22
  come for bitcoiners? Couldn't agree more.
• 1:04:25
  So, you know, a very solemn day. And then also the the day today
• 1:04:31
  it's, you know, another, yeah, another tragic event that
• 1:04:37
  happened here. It's just a very sad day all
• 1:04:40
  around. Again, you know, whether you
• 1:04:42
  agreed with him or not, to see this happen is just horrible and
• 1:04:46
  I'm sure traumatic. Like, I'm still at a loss of
• 1:04:49
  words. Shocked from that video.
• 1:04:51
  It was, it's just absolutely insane what happened yesterday.
• 1:04:55
  And it is very concerning about where we are currently and where
• 1:05:00
  we're headed. And I think it's very important
• 1:05:03
  for us to keep a level head and of course do try to fix this
• 1:05:08
  system peacefully and try to figure out a way that we can
• 1:05:12
  actually Co opt and live amongst some crazy stuff happening.
• 1:05:17
  Like things are, it's just a crazy time again, like it's,
• 1:05:20
  it's hard to even talk about 'cause I fully don't have my
• 1:05:23
  thoughts around this whole thing.
• 1:05:24
  I think I'm still in shock, just as everyone else and I, and I
• 1:05:27
  really don't think that I shocked that.
• 1:05:29
  Easy. But it man.
• 1:05:32
  It's that video. It was just insane, man.
• 1:05:34
  It's just, it's really intense to see what happens and, and
• 1:05:37
  some people celebrating. It's just horrible.
• 1:05:40
  It's just absolutely horrible all around.
• 1:05:41
  To that point, I think that the best thing that we can do right
• 1:05:45
  now is not give in to this idea of separating and and calling
• 1:05:52
  our fellow countrymen the enemy. I think the bigger enemy is evil
• 1:05:58
  itself and we have to do everything to combat that
• 1:06:02
  spiritually, mentally, physically.
• 1:06:05
  Like you got to ask yourself, what positive moves are you
• 1:06:10
  making to make this world a better place?
• 1:06:13
  And how are you opting out of, you know, this, this system that
• 1:06:19
  turns people against each other? Like, how are you opting out of
• 1:06:23
  the, you know, what are you consuming on your day-to-day?
• 1:06:27
  Are you watching legacy media? Are you letting yourself get,
• 1:06:30
  you know, brainwashed by people whose best interest is to keep
• 1:06:34
  us fighting? Or are you, you know, getting
• 1:06:38
  your information from different sources of from different people
• 1:06:42
  from different sources? Are you, you know, still a slave
• 1:06:47
  to Fiat? Or are you opting out and
• 1:06:50
  defunding these monsters by buying Bitcoin?
• 1:06:53
  Because at the end of the day, that's what Bitcoin really is.
• 1:06:55
  That's why we call it the peaceful revolution.
• 1:06:58
  It's because you are defunding the people who have the ability
• 1:07:03
  to make this happen for free. And if they don't have that
• 1:07:08
  power, if they don't have the power to press a button and all
• 1:07:12
  of us buy into it, then they are no longer in power.
• 1:07:17
  And you can actually take a lot of that power for yourself to do
• 1:07:21
  good and to spread love and kindness and have a family and
• 1:07:26
  have a legacy in this world. Yeah, I would echo what Soph
• 1:07:32
  said. This is it definitely feels like
• 1:07:35
  a spiritual war going on right now.
• 1:07:38
  So you know, me personally, I'm definitely reflecting on, on who
• 1:07:41
  I am, what I do, and of course trying to align with the good.
• 1:07:45
  And, and This is why we do what we do is we, we really do want
• 1:07:48
  to help as many people as possible.
• 1:07:51
  And as we can see, there is a lot at stake here and there is
• 1:07:59
  some evil in the world that wants to stop this.
• 1:08:01
  So I just want to as we wrap up the show to just, you know,
• 1:08:06
  hopefully we all stay in in good spirits, stay positive, stay
• 1:08:10
  construct constructive, just crazy times all around.
• 1:08:14
  Call your loved ones all that good stuff.
• 1:08:16
  It's just it's, it's a crazy day to say the least, and hopefully
• 1:08:20
  tomorrow we can come back here in a little better spirits.
• 1:08:23
  But I, I think we're, our heads are somewhere else right now.
• 1:08:26
  So on that note, we love you guys.
• 1:08:29
  We appreciate you guys. Stay safe.
• 1:08:31
  Stay, you know, hungry for truth.
• 1:08:37
  You know, let's let's speak the truth, speak truth to power.
• 1:08:41
  We are here to help the world as as we're trying to help
• 1:08:44
  ourselves in better our positions in the world.
• 1:08:46
  But a lot of the division we're seeing right now is getting to a
• 1:08:51
  very scary place right now. And we just we don't know where
• 1:08:55
  we're headed right now. So just, you know, keep your
• 1:08:57
  cool, calm, cool and collective. Let's let's, you know, continue
• 1:09:02
  to spread Bitcoin, continue to get people to understand why
• 1:09:05
  they need Bitcoin, and of course, do our best to be good
• 1:09:08
  people on planet Earth as as we try to do every single day.
• 1:09:12
  So on that note, guys, really appreciate you guys.
• 1:09:15
  Rest in peace to Charlie Kirk and of course our thoughts and
• 1:09:18
  prayers go out to his family. And to all of the victims of
• 1:09:21
  9/11, all the heroes and and people who lost their lives. 100
• 1:09:26
  percent, 100% it's, it's a, it's a very solemn day and it doesn't
• 1:09:33
  feel like things are changing right now.
• 1:09:35
  So, you know, just stay safe out there guys.
• 1:09:38
  Anyways, on that note, I know kind of a bummer to end today's
• 1:09:41
  show, but it's a, it's a crazy unprecedented time.
• 1:09:45
  I I don't think we've use. It use it as fuel to stack some
• 1:09:48
  sats and you know, keep keep going with the peaceful
• 1:09:52
  revolution. That's the best thing. 100.
• 1:09:54
  Percent. Make babies and stack some sats.
• 1:09:58
  100% So on that note guys, we love you guys.
• 1:10:01
  We appreciate you guys. Have a good rest of your day.
• 1:10:03
  We will be back tomorrow for the last show of the week.
• 1:10:06
  It's your boy Opti. It's the wonderful Sophie.
• 1:10:10
  See you. See you guys later man, Stay up.
• 1:10:13
  Bless you all till tomorrow. Later guys.
• 1:10:18
  Today's episode was brought to you by bitcoinwell.com, a
• 1:10:22
  Bitcoin only platform on a mission to enable financial
• 1:10:25
  independence.