Latest / Simply Bitcoin / Joe Rogan Admits Bitcoin Is The NEXT GLOBAL Reserve Currency? | EP 1258

Transcript

Joe Rogan Admits Bitcoin Is The NEXT GLOBAL Reserve Currency? | EP 1258 · Simply Bitcoin

0:00
Joe Rogan, one of the biggest podcasters, is slowly coming to
0:04
the realization that Bitcoin is the future.
0:08
But he's not the only influential person coming to
0:11
this conclusion. Literally yesterday, Elon Musk
0:15
might have just quietly admitted that Bitcoin is about to take
0:19
over the global reserve currency from the US.
0:23
Is Elon finally about to go all in on Bitcoin and, you know,
0:27
even incorporate Bitcoin into Twitter?
0:30
Well, before we get to that discussion of these very
0:33
suspicious tweets by Elon, he went on a tirade yesterday.
0:37
Let's play you the clip of Joe Rogan.
0:40
What is money? Essentially, right now it's all
0:42
ones and zeros, right? And what is the bottleneck?
0:45
Well, the bottleneck is encryption, right?
0:47
So that's how you protect people from stealing your ones and
0:50
zeros. But what if it gets to the point
0:52
where we're all, we're all using quantum computing?
0:55
Well, then there is no more encryption.
0:56
So how do we reconcile with the fact that everyone has access to
1:00
everything all the time? I mean, how do we even enforce
1:05
that? Like, what do you do about an
1:07
even distribution of information, which is
1:10
essentially wealth? Because information is numbers.
1:13
Numbers are wealth. What is it like?
1:15
Where does it go when there's no encryption?
1:18
And essentially we're pretty close to that, right?
1:20
Once quantum computing can crack encryption, which it will be
1:24
able to do, it's all nonsense. It it it totally.
1:29
All those zeros that you have in your bank account, those don't.
1:32
Those are gone. Yeah, these are all human
1:34
constructs. And it's funny, the backup is
1:36
always Bitcoin, which is I think uses like Shaw 256 encryption.
1:40
If you get quantum error correction, that's gone.
1:42
Dude, that's gone too. It's all gone.
1:44
Even our backup plans are shit. Yeah.
1:47
And and yeah. And then and then it's, it's
1:50
kind of the apocalypse or something, because at that
1:53
point, if you're a human, you've been so caught up with just.
2:00
OK, OK, first and far, let let's discuss this before we move on
2:04
to the Elon Musk. One of the themes themes we talk
2:07
about here constantly on the show is that the fundamental
2:11
question you need to ask yourself is what is money?
2:14
Niko's been ranting about that on this show for forever.
2:17
I think this is kind of well, there's 2 routes to get into
2:20
Bitcoin. You either come for the money,
2:22
you come for the number go up, or you ask yourself this
2:24
question, what is money? And you inevitably end up at
2:27
Bitcoin. Now it is interesting that that
2:29
clip started with Joe Rogan going what is money?
2:31
You know, it's ones and zeros and and actually I can hear JJ
2:34
on Rumble in the chat right now saying, you know, digital
2:38
currencies, it's going to digital currencies.
2:40
It's going to take over the world laughing at his Bitcoiners
2:42
because of Bitcoin is digital money, but there is the quantum
2:46
computing fund going in there and and maybe this is him
2:49
grappling with this idea of hey, Bitcoin is probably going to
2:53
take over the world, but there is things to be concerned about.
2:55
It really does sound like I know I know Joe's a bitcoiner.
2:59
He's he's actually exposed some of his holdings.
3:01
We know he owns about like .25 Bitcoin.
3:03
I don't know if he's actually, you know, bought more.
3:05
He has had Andre Santanopoulos on and you know, Saylor was, was
3:09
tweeting him this week basically saying he, you know, Joe Rogan's
3:13
like, hey, I want some new guests.
3:15
Who should I bring on Sailor's like, yo, bring me on.
3:17
Let's talk about Bitcoin. He hasn't brought on Bitcoiners
3:20
for the last 10 years, but there are people that's been on his
3:23
show that have talked about Bitcoin.
3:25
Notably Peter Thiel was on about 2-3 weeks ago or maybe a little
3:28
longer. It's it's all crazy time over
3:30
here and he was referencing Bitcoin.
3:32
Now this guy's on here basically saying, you know, Bitcoin is the
3:35
backup plan here and and it is interesting that Joe Rogan
3:39
conceded on the idea of Bitcoin being a backup plan, though of
3:43
course he's kind of fighting this.
3:44
It's like, oh, quantum computers going to destroy this thing.
3:47
It's over for everyone, which is something, you know, we talked
3:49
about here on simply Bitcoin constantly.
3:51
It's like, yes, quantum computing is a real threat and
3:55
something that Bitcoiners are talking about.
3:57
It is something that is coming down the pipeline.
3:59
But again, I don't think that quantum computing is right
4:03
around the corner. And further, if there is quantum
4:05
computing that is an able to crack encryption, I think
4:09
Bitcoin will be one of the last things notably like nuclear
4:12
codes and you know, government secrets.
4:14
I think those will probably be upfront.
4:17
But even if it does go for Bitcoin first, we've been
4:19
talking about Satoshi's coins are one of those quantum
4:22
computing alarms out there. If they can crack quantum
4:26
computing and Satoshi's coins move because we're we're kind of
4:29
guessing that those coins will never move, then we kind of
4:31
know, hey, maybe the quantum computing has gotten to a level
4:34
to break encryption. So I find it interesting,
4:37
interesting that Joe Rogan and I do think he's a Bitcoiner,
4:39
there's a lot of things that he talks about that is very Bitcoin
4:42
centric. It kind of overlaps with the
4:44
Bitcoin community. You can tell maybe there is some
4:47
pushback on his end. I don't know, maybe it's not
4:50
just from him particularly. Some might argue that he might
4:54
have some people telling him what he can and can't talk
4:56
about. But he did admit that Bitcoin is
4:59
the backup plan, which will lead us to our next point of this
5:03
story. But first, Nico, you were off
5:05
the air right now and you heard that that little clip and you
5:08
were like, so we're we're getting there.
5:11
Joe is getting there Now. We'll see how long it takes him
5:14
to go all in on Bitcoin. But he is totally at the cusp.
5:19
He asked himself what his money, he's talking about what his
5:21
money. I think this is, this is, you
5:23
know, some more vindication here, that that is the initial
5:26
thing to get you down the rabbit hole.
5:28
Yeah, I think as just a collective society like first
5:31
let me let me chime in on the Joe Rogan aspect of it.
5:35
I find it awfully strange that Joe Rogan has not had a pro
5:41
Bitcoin guest on for like 7 or 8 years.
5:44
If you guys don't remember this, Joe Rogan had Andreas
5:48
Antonopoulos on back in the day to talk about Bitcoin.
5:53
Bitcoin has matured. Bitcoin is being accepted by the
5:57
US government. Bitcoin is being accepted by
6:00
Wall Street. And I find it weird he hasn't
6:04
had Michael Saylor or Jack Mahler's on the show.
6:08
That is strange to me. Like, it's very strange to me
6:12
that Elon, when he put, you know, as a form of payment to
6:19
buy a Tesla, Bitcoin was one of those forms of payment.
6:22
And then he took it off and he basically said, like, look, if
6:25
more than 50% of the hash rate comes from green energy, I'll re
6:29
I'll re add it again. Well, it's more than 50% of the
6:33
hash rate at this point. And Elon still hasn't add
6:36
Bitcoin back on. So I think there's some larger
6:40
forces at play here. And it kind of reminds me of
6:44
back in Bitcoin 2021 when Naimu Buchele made his big
6:48
announcement about making Bitcoin legal tender.
6:52
The next year, everyone thought that multiple countries are
6:56
going to follow suit. But it's almost as if there is
6:59
this artificial force that stopped that momentum.
7:03
It wasn't until like four or five years down the road that we
7:07
found out that the IMF was hell bent on stopping countries from
7:13
making Bitcoin legal tender. And the reality is that more
7:18
than 50% of the world's countries have some type of
7:21
dealings with the IMF. The IMF took their gloves off.
7:25
They made their stance well known.
7:28
As soon as they told El Salvador, you cannot buy Bitcoin
7:32
and put it on on your balance sheet, they transmitted to the
7:35
world. Like, listen, guys, we're the
7:37
boss here. We're telling you what you can
7:40
and what you can't do as a sovereign country.
7:43
So I think that there's some forces at play that we are not
7:47
Privy to that are putting pressure on the likes of Elon
7:52
and on the likes of Joe Rogan to not have guests talk about
7:57
Bitcoin. And I know you're going to talk
8:00
about Elon in a second, so I'll save my thoughts on that.
8:03
But what I will say is, remember, guys, this is a
8:06
pivotal shift. Bitcoin fixes a lot of things.
8:11
Elon's been going on a like tirade the next the last three
8:15
days. He felt he feels
8:17
disenfranchised. He helped the Republican Party
8:20
gain the House, the Senate, the presidency.
8:24
And all of a sudden, you know, he didn't get what he wanted
8:28
with Doge. He wasn't able to cut government
8:31
spending. And us Bitcoiners knew this was
8:35
going to happen for a long time now because it's just basic
8:39
human nature, right? Like if you are addicted to the
8:42
money printer, like it's going to be very hard to come off of
8:47
that. In fact, it actually might hurt
8:50
you politically, right? Because it's a, it's a way of
8:53
like, you know, paying off your constituents in a legal way,
8:56
right? Helping them out, you know, with
8:58
the the, the social safety net and all that.
9:01
But yeah, man, I mean, look, the answer is Bitcoin.
9:05
And if you have someone who's going to advocate for Bitcoin
9:10
and basically tell the world on Joe Rogan that Bitcoin fixes
9:15
these things, like you're talking about something to the
9:21
scale of when Trump went on the Joe Rogan Experience, this show
9:27
was D ranked. It was hard to find.
9:32
It still got like, 40, seven, 48 million views.
9:35
But it was so consequential because the media had a
9:39
carefully crafted narrative around, you know, President
9:45
Trump during the election and the fact that he was able to
9:48
circumvent the legacy media the same way that Naimbu Kelly was
9:52
able to circumvent the legacy media using podcasting, using
9:56
the Internet. Yeah.
9:57
I mean, could you imagine if Saylor goes out there on Joe
10:01
Rogan and basically says like, look, the money's broken.
10:04
It's what's causing all these inefficiencies in government.
10:07
It's what's causing all these problems.
10:10
We need to fix the money, fix the world.
10:12
Like it kind of makes sense. You know why Joe Rogan hasn't
10:17
had a pro Bitcoin, pro Bitcoin guess?
10:21
Because it's not like he hasn't been against it.
10:24
It's not that he's not aware of this.
10:25
He had Andreas on back in 20/17/2018.
10:30
Why hasn't he had a Bitcoin guest on since then?
10:36
That should tell you everything you need to know.
10:39
Just like back in Bitcoin 2021, El Salvador made Bitcoin legal
10:44
tender. We never heard of another
10:47
country making Bitcoin legal tender.
10:48
In fact, El Salvador had to walk back their legal tender law,
10:52
right? So it's kind of in this Gray
10:54
area, right? So I think that there's bigger
10:57
forces at play here and I think the signal, the thing that you
11:01
guys have to focus on is the fact that Joe Rogan hasn't had a
11:06
pro Bitcoin guest on his podcast.
11:09
That should tell you that in itself.
11:11
If you read between the lines, should tell you what you need to
11:14
know. Michael Saylor is actively
11:17
advocating for this on on. He's actively advocating for
11:22
this on on. He's actively advocating for
11:26
this on X. Like Michael Saylor's like,
11:28
look, have me on. You have very influential
11:30
Bitcoiners saying, yeah, like Joe Rogan have Michael Saylor
11:34
on. And it's not like Joe isn't
11:36
seeing this, right? But I think that there's some
11:39
deeper forces at play here. Understand how consequential
11:44
Bitcoin is to the current structure of society, how much
11:48
it changes. This is a paradigm shift and I
11:51
think that's a big reason as to why he hasn't had a pro Bitcoin
11:54
guest on. But he is heading down the right
11:57
direction. He's asking the very important
12:00
question, which is what is money?
12:02
Which inevitably leads you to the question of what is
12:06
government, right? So anyhow, I think Joe Rogan's
12:09
on the right track. And regarding the quantum stuff,
12:12
I think we covered this on another show.
12:14
Listen, if quantum computing, I still think we're decades away,
12:18
10/20/30 years away from quantum computing, breaking bitcoins and
12:23
you know, algorithm, the Shaw 256.
12:26
But if we ever get to that point, everything else is going
12:28
to be broken too, right? As Joe Rogan was saying on the
12:31
podcast, and Satoshi actually already provided a solution to
12:35
this. His solution was fork it from
12:37
the last honest block, right? So essentially you have a
12:41
quantum resistant new form, new algorithm, and Bitcoin
12:46
essentially makes a hard fork, right?
12:48
And you know, Bitcoins never really had a hard fork before.
12:51
Every hard fork that Bitcoins had like Bitcoin Cash, BBSBSV
12:55
have turned out to be total failures.
12:57
But if Bitcoin is so threatened and so many people have their
13:01
life savings and energy into Bitcoin, I think you're going to
13:05
see a mass consensus behind solving that problem and solving
13:09
that problem very quickly, especially if you know the the
13:12
monetary future of the world is in Bitcoin.
13:15
That's my two sides. Yeah, and someone in the chat,
13:17
I, I can't find the comment right now, but basically said
13:20
like, who cares about Joe Rogan? And again, you know, in Bitcoin
13:23
there's a, there's definitely the meme of like Slayer heroes.
13:26
And it's not about one person in particular and don't trust the
13:29
authority figures. But you got to remember Joe
13:31
Rogan is literally the biggest podcaster in the world.
13:33
So when he brings people on it, literally there's nothing going
13:39
out there literally affects the culture, it influences the
13:42
culture. And he's as the biggest
13:44
podcaster. If he goes pro Bitcoin, this is
13:47
obviously going to wake up a lot of people get them looking into
13:51
Bitcoin and this might be one of the catalysts to bring the new
13:53
retail FOMO coming in or rather the new Bitcoiners coming in is
13:58
the couple of touch points there.
13:59
There has been touch points on Bitcoin or Joe Rogan show around
14:03
Bitcoin, but a lot of it has been negative as the chat
14:06
saying, you know, Adam Curry was on there.
14:07
He's obviously a pro Bitcoiner. He actually did an incredible
14:10
job on Joe Rogan. I completely blanked on that.
14:12
But anyways, Nico brought up Elon Musk and check out these
14:17
tirades on Twitter. So Elon has just completely gone
14:24
off the reservation here, boys and girls, completely gone off
14:27
the reservation. It is kind of funny.
14:30
Ever since he officially or not so officially or his time ran
14:34
out, as you know, a kind of part time government worker, he's
14:38
going super hard here. And we all know what Elon wanted
14:42
to do. He wanted to cut spending so
14:45
that we can eliminate or rather do some damage to the national
14:48
debt. And as I was saying in the
14:51
beginning, he utterly failed. And now Niko's come around and
14:54
you know, he did his best, but it just didn't work out.
14:56
Now check out this saga of tweets that we got the last
15:01
couple of day, or rather just one day.
15:03
So first one, Elon Musk goes, I'm sorry, but I just can't
15:06
stand it anymore. This massive, outrageous
15:09
Workfield congressional spending bill is a disgusting
15:12
abomination. Shame on those who voted for it.
15:15
You know you did wrong. You know it.
15:17
And of course, if you don't get the context, he's referencing
15:19
the big, beautiful bill that Trump has been, you know,
15:22
boasting about trying to push through.
15:24
Basically all the Republicans voted for it.
15:26
And there has been some fallout on what exactly was in the bill,
15:30
which is not what we're going to touch about here.
15:32
But going further, he's also retweeting stuff about
15:36
government spending, about Congress overspending.
15:39
And we have this this tweet that he retweeted on his Twitter
15:41
timeline. Federal spending has become
15:43
excessive. The resulting inflation harms
15:46
Americans and weaponizes government.
15:48
The Senate can make this bill better.
15:49
It must do so now and going further, he is quote tweeting
15:54
the meme account, not Jerome Powell, that this is not Apple,
15:58
Tesla or even NVIDIA. It's AUS national debt breaking
16:02
$36 trillion and Elon Musk goes mammoth spending bills are
16:07
bankrupting America enough all caps.
16:10
And then going further he goes you got again meme retweeting
16:16
meme accounts here. He's retweeting the Wall Street
16:18
map and it goes. Our annual US budget deficit is
16:21
going to be over $2 trillion per year going forward.
16:24
We pay over $100 billion per month in interest on the
16:27
national debt, 1.2 trillion per year.
16:30
That is about 25% of all government revenue going to pay
16:34
interest on the debt and he double s down and goes.
16:38
Interest payments already consume 25% of all government
16:41
revenue. If the massive deficit spending
16:44
continues, there will only be money for interest payments and
16:47
nothing else. No Social Security, no medical,
16:50
no defense, nothing. And he did do I.
16:54
I thought I pulled it up here for you guys.
16:55
I guess I'm I'm doing my job wrong here, but he basically has
16:58
a tweet here. Maybe I can find it real quick.
17:01
Look at this one. This is debt slavery for the
17:04
American people. He is literally sounding like a
17:07
Bitcoin in here. And there was one in particular
17:10
where he basically said Congress is bankrupting America with
17:13
their overspending. That's Congress needs to get
17:16
their shit together and stop spending so much money because
17:19
this is what's really driving all of the craziness we're
17:22
seeing. But the real kicker here, guys,
17:25
yes, you know, you could, you could argue Elon Musk is just
17:27
talking about inflation. We know he's been very concerned
17:30
about the national debt. We know he tried to go in with
17:33
DOGE and try to cut spending. He absolutely failed at that.
17:37
I think even on paper, at most that they cut was like $150
17:42
billion, which is obviously not that big of a dent when you're
17:46
talking about trillions of dollars.
17:48
Here is the real kicker where it relates to Bitcoin, and it is an
17:52
interesting sign because he did tweet about Bitcoin related
17:56
stuff previously at the beginning of the week.
17:58
Well, look at this tweet. Here we have Brian Armstrong,
18:02
quote, tweeting the US national debt.
18:04
And of course, it's just getting absolutely out of control,
18:07
currently at $36.9 trillion. I repeat $36.9 trillion.
18:13
And the tweet goes, if the electorate doesn't hold Congress
18:16
accountable to reducing the deficit and start paying down
18:20
the debt, Bitcoin is going to take over as reserve currency.
18:24
I love Bitcoin, but a strong America is also super important
18:27
for the world. We need to get our finances
18:30
under and Elon Musk just drops a little America emoji in response
18:38
to Brian Armstrong and actually retweeted Brian Armstrong.
18:42
So I don't know, guys. This I know.
18:47
I know Musk is obviously influential on paper the world's
18:51
richest man. I think I think something is
18:55
fundamentally breaking in his brain right now because look, we
18:59
know he stacked Bitcoin for Tesla.
19:01
He infamously said, hey, you know, I'll buy more Bitcoin once
19:06
you can show that Bitcoin is green.
19:08
That was shown. He hasn't really done anything
19:11
in response. It's been a few couple of years
19:13
low of him actually responding or talking about Bitcoin.
19:16
And then literally in the last couple of days, he said Bitcoin
19:19
twice where he hasn't talked about Bitcoin in years.
19:23
And it's very interesting to respond to Brian Armstrong in
19:26
this way, that if the US does not get their debt under
19:30
control, if congressional spending continues to go up and
19:35
these big beautiful bills continue to go through and we
19:37
spend trillions of dollars, raise the debt ceiling.
19:41
There is no fix for this. And of course, Brian Armstrong
19:44
himself, love him or hate him, he said it.
19:47
You know, Bitcoin will be the world reserve currency.
19:49
So we have two influential people, the world's biggest
19:53
podcaster and the world's richest man, in the very same
19:57
week talking and spreading the Bitcoin message.
20:01
It seems like the tide's shifting here, guys.
20:03
It seems like we are no longer relegated to the dark corners of
20:07
the Internet and made fun of. It seems like now they are
20:11
starting to embrace us and fight us so.
20:14
I don't know, make of that what you will, but maybe we see some
20:18
more news around Bitcoin and Elon Musk coming out soon.
20:21
Absolutely. I mean, Elon's a a brilliant
20:23
guy. We had someone in the comments.
20:25
Let's go caisson on the Joe Rogan Experience.
20:28
I endorse. This yes, 100%.
20:31
I mean that would be absolute fire.
20:34
I, I think I might, I might steal that as a tweet man,
20:37
because it is so powerful. If you know, you know I'm gonna
20:40
share this image and you guys are gonna read between the
20:43
lines. It's very obvious for the audio
20:46
listeners. All roads lead to Bitcoin.
20:52
All roads lead to Bitcoin. All roads lead to Bitcoin.
20:58
There's this very famous saying that says all roads lead to
21:01
Rome. Will all roads lead to Bitcoin?
21:05
When it comes to massive government spending, you have to
21:10
understand it from first principles.
21:12
Elon is a huge first principles type of guy.
21:17
Listen, this is human nature. We're going to cover more about
21:20
this, by the way, during the news segment.
21:22
This is human nature. If you have the ability to
21:25
create money for free that everyone else has to work for,
21:29
you are going to use that God like power.
21:32
And that applies to every single politician.
21:36
That applies to every single person that benefits from the
21:40
Fiat money printer at the expense of the middle and lower
21:44
classes. That's the reality.
21:46
What Elon found in DC, he came with good intentions.
21:50
He said listen, I can fix this problem.
21:53
The thing is, what he came to realize is I don't think they
21:57
really wanted the problem to be fixed in the first place, Right?
22:01
And what Joe is coming to realize as well is, you know,
22:06
what is this money thing? I think as a collective society,
22:10
as the United States, as the Internet allows alternative
22:14
ideas to propagate into the minds of individuals, people are
22:19
starting to question that very system.
22:22
Like, what do you mean there's a $2 trillion deficit?
22:25
What do you mean we're spending a billion there?
22:29
A billion there? What does that mean?
22:31
You know what a billion dollars could do for my local community?
22:34
Where is this money going? What is happening?
22:38
People are starting to ask questions.
22:40
Before, it was impossible to ask questions.
22:44
You guys have to understand this.
22:45
Before social media, before the Internet in general, before just
22:52
our ability to communicate directly with you guys, how
22:56
could you have asked these questions?
22:58
You could have done it maybe like in a Sunday BBQ with
23:01
friends and family, but you couldn't do it on a massive
23:06
scale right now that you have the Internet, now that you have
23:10
mass scale peer-to-peer communications, what I call the
23:13
great disintermediation, you're essential.
23:16
People are starting to ask questions and those questions
23:19
are starting to become mainstream.
23:22
And people are asking very basic questions like what is
23:25
inflation? What is money like?
23:27
And The thing is, we're not getting good answers to those
23:31
questions, right? And there is no longer
23:35
controlled media, what I call controlled media, right, which
23:38
was before 2010, right? Before 2008, the way that you
23:45
were able to consume media was with a handful of TV channels
23:50
and a handful of newspapers. And everyone treated that as the
23:54
gospel. There was this very famous quote
23:58
that I heard and it's always resonated with me, and I think
24:02
it's like a great indication of what I'm talking about.
24:05
If social media existed in 2002 and in 2003, we would not have
24:12
gone to war with Iraq. Think about that, how powerful
24:15
that quote is, right? So this is what you guys have to
24:19
understand. This is the moment in history
24:21
we're living through. And it's beautiful because
24:23
people are starting to ask questions like what is money?
24:26
What I don't think the question should be what is money?
24:29
I think the question, the question, the first question is
24:32
what is money? The second question is what
24:35
should the role of government be in my life?
24:38
I think that is the ultimate question.
24:41
And I think, you know, that leads to people asking questions
24:46
about certain things that perhaps were outside of the
24:49
Overton window, right? So of course, you know, I think
24:52
this is all going to happen peacefully and naturally over
24:56
time, you know, through the electoral process.
24:59
But remember, you can vote today by buying Bitcoin, earning
25:03
Bitcoin, mining Bitcoin and taking that Bitcoin into self
25:05
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We still have a hell of a show for you guys.
27:19
We're going to talk more about Elon Musk.
27:22
We're going to be talking more about this this, this, this
27:25
train. It's not stopping.
27:27
This train ain't stopping. We're going to be talking about
27:30
South Korea. South Korea elected a pro
27:33
Bitcoin president and of course, we have a clip from the pro
27:36
Bitcoin senator, Senator since Lummus of Wyoming again doubling
27:42
down, tripling down, emphasizing the importance for the United
27:46
States of America or establishing A strategic Bitcoin
27:51
reserve for the long term. So it's going to be a great
27:53
show, guys, smash the like button.
27:55
If you guys are enjoying the show so far, we're going to hit
27:58
the numbers segment. We're going to be right back in
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All right everybody, we are back and we got to get to the
29:40
numbers, man. We got to get to the numbers.
29:42
We got to talk about today's numbers.
29:44
Where is the price at? At the time of recording, the
29:47
Bitcoin price is 105,420 block height 899,794 SAT's per dollar
29:55
948 SAT's per dollar Market cap 2.1 trillion Bitcoin versus gold
30:00
market cap 8.81% Percentage issued 94.63 decline from all
30:05
time high -5.8%. Realize monetary inflation .84%.
30:11
In the grand scheme of things, we are just getting the party
30:16
started and Bitcoin continues to embarrass Fiat currencies.
30:21
Anyways guys, I have a clip for you guys from the Bitcoin
30:24
Senator talking about the strategic importance for the
30:28
United States government to acquire those precious precious
30:32
Satoshi's. Let's check out the clip and
30:34
then me and Opti will chalk chat about it.
30:38
Guns, bullets, drones, planes, etcetera.
30:41
What do you say to critics like Jamie Dimon who say this is a
30:43
waste of resources? Yeah, I would say that even the
30:47
United States military disagrees with him, that there are
30:51
generals, especially in Southeast Asia, who believe it's
30:56
important to have strategic Bitcoin stop stockpile because
31:02
we're doing an economic war with China and we have to prepare for
31:07
a guns and bullets war. But we need both.
31:11
And so all we need to do is look to the leadership of the current
31:16
U.S. military to find support for a strategic Bitcoin.
31:23
So again like. She say military.
31:26
Yeah, she said. Military, right?
31:29
Again, was Jason Lowry right? Nico I I I.
31:32
Mean look, you have to look at it the way that Michael Saylor
31:36
described it was you know, this the, the United the first
31:42
country to use their money printer to buy Bitcoin went
31:47
right. That's number one.
31:48
That's what Michael Saylor said. The second thing he said is that
31:56
buying Bitcoin or portion of Bitcoin, a percentage of Bitcoin
32:00
by the US government is the equivalent of the United States
32:03
buying Louisiana from Napoleon or the United States buying
32:08
Alaska from Russia. That that's the equivalent of it
32:12
back in the day. Remember Alaska and Louisiana
32:16
and Louisiana was much bigger, by the way.
32:18
It wasn't just the state it would like, it went all the way
32:21
up north, like that whole territory.
32:24
It was just wild there. It was just, it was like
32:27
wildland. There's nothing there.
32:28
There was no cities. There was no roads.
32:30
It was like swamp and, you know, wilderness and no
32:35
infrastructure, no civilization. But the United States, they were
32:38
like, look, Manifest destiny. We got to go from coast to
32:41
coast. We got to go from DC to
32:44
California, right? And they had a vision for that.
32:47
And at the time, Napoleon thought he was getting a sweet
32:51
deal. He was like, look, like this is
32:54
far away from France. We're getting millions of
32:57
dollars, which is the equivalent of, you know, couple billion
32:59
today. I'm going to look it up.
33:00
Could you look up how much the Louisiana Purchase cost the the
33:07
US or whatever and they thought they were getting a sweet deal
33:11
adjusted for inflation and they thought they were getting a
33:14
sweet deal, but looking back it was a sweet deal for the US.
33:19
Right here it is. The Louisiana purchase complete
33:22
completed in 18 O3 for $15 million is approximately 340,
33:31
$1,000,000 today. So they adjusted for inflation.
33:36
340 to 370. 1,000,000 states Michael Saylor is buying more
33:42
Bitcoin right now right then they bought that territory.
33:46
Could you now ask it what what Louisiana what that what that
33:50
land is worth today right. Just to kind of give you guys
33:55
like an idea of, you know what it is we're talking about, why
34:00
Michael Saylor is using this analogy Like you can't print
34:04
another Louisiana, you can't print another Alaska, right?
34:08
And again, at the time, this was empty territory, right?
34:12
To estimate the local value, right?
34:15
So $723 billion, right? So 700 and and this is just it's
34:24
a good trade and this is just in the state of Louisiana, by the
34:26
way, I don't think it's. The whole territory, you can't
34:28
see it. I.
34:29
Don't think it's, I don't think it's the whole territory, right?
34:31
So just to kind of give you guys a perspective, they bought it
34:34
for $300 million. Adjusted for inflation today,
34:37
it's worth almost a trillion dollars, right?
34:41
This is what sailors been talking about.
34:43
Same with Alaska. You know how much oil?
34:45
Alaska has right? So this is what we're talking
34:48
about, but you're buying land or you're buying space in
34:53
cyberspace and it's absolutely scarce.
34:56
You can't make more of it. You can't make more of
34:58
Louisiana, you can't make more of Alaska.
35:00
You can't print land, right? So it was a great trade.
35:03
So from a military perspective, that is, that is that is what
35:07
he's talking about. And to kind of quote Max Kai,
35:09
internalize Max Kaiser a little bit.
35:12
He who has the Bitcoin makes the rules.
35:14
He who has a Bitcoin makes the rules.
35:17
So does the US want to be in a powerful strategic position?
35:22
Well, it needs to get its act together and buy some effing
35:26
Bitcoin. And by the way, this applies to
35:28
you as an individual to become a sovereign individual.
35:31
Buy some Bitcoin, put it in self custody, put it on a cold card
35:35
and that's it. Driving to the sunset, Forget
35:37
about it. Call Opti, message Opti on the
35:40
orange pull up. Ask him philosophical questions
35:42
about life. Please don't.
35:44
Opti loves that. Opti loves that stuff.
35:48
Anyways, look, senior, I think someone answered this about the
35:52
Alaska oil question. That's a very large number and
35:57
there's no commas. Let's say a lot of oil, a lot of
36:01
oil, a lot of oil, a lot of oil, a lot of oil.
36:05
Anyways, my rant is over. Opti, you want to hit it.
36:09
Yeah, yeah. Wait, wait, hold on.
36:11
Before you do that, guys, smash the like button.
36:13
We're at 136 likes on YouTube. Help us break 200 likes.
36:18
By the 45 minute, 45 minute mark, we're at 531 live viewers.
36:23
So if you guys are enjoying the show, smash that like button.
36:26
And of course, shout out to the Rumble audience, 138 people
36:31
watching live on Rumble and of course X 1500 of you guys
36:35
watching live. If you guys are enjoying today's
36:37
show, make sure to smash that like button.
36:40
Smash it, smash that like button really, really helps with the
36:42
algo. Share the video.
36:44
And if you guys are enjoying the content so far, subscribe to
36:47
simply Bitcoin. Hit that subscribe button really
36:49
helps. Opti, what's your take?
36:51
Yeah, well, 2 two things kind of jump out at me.
36:56
First of all, I think I'm just like every one of you guys at
37:00
this point. I I am getting a little bit
37:02
fatigued about so much talk coming from the nation states
37:06
buying Bitcoin. You know, I want to see some
37:07
action here, I want to see some buying.
37:09
But with that same kind of vein does kind of bring up my more, I
37:16
want to say anarcho capitalist Bitcoin views where I really
37:19
don't want the US government to buy Bitcoin.
37:21
I don't want any government to buy Bitcoin.
37:22
But obviously we got to get used to the idea of our works enemies
37:25
buying Bitcoin. This is what Bitcoin is.
37:27
Bitcoin is for anyone. It's perfect money, it's
37:29
pristine collateral. And people we don't like will be
37:32
buying Bitcoin. People we don't like are buying
37:34
Bitcoin today. And that's just something you
37:36
got to deal with. And a lot of people probably
37:38
can't rationalize or hold those two ideas together.
37:41
But one thing that I don't really like about that framing,
37:45
Nico, is the idea that, well, there's one thing I do like
37:50
about this and then I'll go to what I don't like.
37:52
I do like that Senator Lummis is constantly coming out here and
37:55
essentially saying, you know, Trump wants to do this.
37:57
Like the Trump administration, they want to stack Bitcoin.
38:00
And I think everyone is seeing the writing on the walls.
38:03
You know, the financial system is in a precarious place.
38:06
Bond markets are seemingly about to blow up.
38:09
People are looking for places to store their value.
38:11
Gold's at all time high right now.
38:14
When you put in all of these facts factors right now, it
38:17
really paints a picture for us Bitcoiners and not that we're
38:20
doomers here. We just, I think I'm more sober
38:22
when we analyze what's going on in the traditional financial
38:25
system or rather in the status quo of money.
38:27
And it is painting a very bad picture here that things are
38:31
getting out of control or maybe they already out of control, but
38:34
people still trust the institutions and hence why
38:36
they're still kind of able to corral it or damp down the
38:40
problems that we're seeing right now.
38:41
And there's really only two ways that they can get out of this
38:43
problem is by printing more, more money or starting new wars
38:47
to print more money. And none of those are good
38:49
scenarios here. And so I do love to see Senator
38:53
Lummus come out here and be like, look, this is something we
38:56
want to make happen. We all know the meme, You know,
38:58
you can just do things. Well, you know, hopefully they
39:01
can just do things because a lot of the stuff that the Trump
39:04
administration or even Elon Musk are trying to do, none of it is
39:08
really landing solidly. So I at this point, I want to
39:12
see it follow through. I want to see some buying
39:15
because that would further cement the Bitcoin narrative.
39:17
And and as much as people hate this idea of just narratives
39:21
driving markets, everything's a narrative driven world right
39:25
now. This is an attention economy.
39:27
Everything is driven by how much attention you can bring to it.
39:30
And if the US buys millions, millions of Bitcoin or even
39:34
does, you know, a small 10,000 Bitcoin buy, that would
39:38
fundamentally shift the game. Now, the part that I don't
39:40
really like about this is this idea of Bitcoin becoming a
39:44
national security issue. And I think if you kind of been
39:47
following the whole knots core OP return debate right now,
39:51
whether you fall into the ossification camp or the, you
39:54
know, that we need to upgrade this money to onboard the 8
39:57
billion people on planet Earth. The faster Bitcoin becomes a
40:01
national security issue, the the harder it's going to be for us
40:05
to upgrade Bitcoin and make it that money that we want it to
40:08
be. Do we want Bitcoin to be a
40:11
national security issue? That's what I'm saying.
40:13
That's exactly what I'm saying. And and, you know, Senator Lum
40:16
has kind of said it. It's like, you know, the
40:17
military is looking at Bitcoin. Sounds like it's a national
40:21
security issue, or at least it's on the rise here.
40:24
And you know, Jason Lowery's been saying that for a long
40:26
time, like Bitcoin is a national security issue.
40:29
This is not what I want to see. This is this, this starts to
40:32
terrify me here because then, you know, if it is a national
40:36
security issue, the when we try to upgrade Bitcoin, you know, a
40:40
couple years down the line, a lot of this big capital, we
40:44
might be in another, you know, fork wars.
40:45
There might this, this might be a contentious soft fork and
40:48
there might be a hard fork. And that's not going to do good
40:51
for not only just the industry, but of course, for the price.
40:53
Yo this comment from Rumble. Watch out, Opti Aniko is texting
40:58
Christine during your rant. Chrissy.
41:02
Oh, Chrissy, let us know your thoughts in the comments.
41:05
What we're talking about this discussion Be a part of it be a
41:08
part of it. What are your guys's thoughts
41:09
when you when you say Bitcoin and national security in the
41:13
same phrase like? It makes me.
41:15
Pucker. It makes me cringe, man.
41:18
It makes me cringe. This is where we are.
41:20
I don't, I don't feel good. I don't feel comfortable with
41:22
that. You know, 'cause there's
41:23
implications of that, I think, right, There's implications to
41:27
that. Yeah, that's what I'm.
41:28
That's what I'm saying. There's implications to that.
41:31
Anyway, guys, it's going to be an interesting ride.
41:34
This Bitcoin revolution that we're all experiencing, we're
41:37
all living through, but all you guys have to do, it's very
41:40
simple. Make sure you have more Bitcoin
41:42
than the day before. Make sure that Bitcoin's in self
41:44
custody and that's how you win. Anyways, guys, we're going to
41:47
hit the new segment. We have tons to talk about.
41:49
We will be right back in just one second.
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All right, ladies and gentlemen, we are back.
44:04
And the breaking news for today, South Korea.
44:08
Alex, wow, we're on a roll. We're on a roll.
44:12
Opti, please. Yeah, listen, that's cool,
44:19
motherfucker. We're on a roll.
44:23
And why am I talking about it? You made that very corny, bro.
44:26
You should have put more emphasis in in in smashing that
44:29
button, bro. What happened?
44:31
We got to make sure Nico doesn't use the soundboard.
44:35
What happened? What happened?
44:37
No soundboard for Nikka. Leaving me out to dry bro.
44:40
Leaving me out to dry and then making our screen.
44:42
Dude, it's too big. Making our screen smaller.
44:45
Bro, it's taking. It's taking a.
44:46
Lot. Come on now, come on now.
44:47
It's. Taken away from the what?
44:49
The article. He's doing bro.
44:50
Bro it doesn't look good, get to the story.
44:53
OK, So what am I talking about? South Korea elects a pro Bitcoin
44:57
president again. This is a did you make it
45:00
smaller again? And this is a continuation of
45:03
what was happening in in Poland, Poland as well elected a pro
45:08
Bitcoin president. And again, do you think this is
45:10
a coincidence? You think this is a coincidence?
45:12
No, this is all happening because of the Trump election
45:16
that happened in the United States in November, right?
45:19
Politicians all around the world are starting to see, hey, you
45:22
know what? If I take a pro Bitcoin stance,
45:25
this gives me a higher probability of getting elected
45:28
into office. So let me read some of this
45:31
article. South Korea elects a pro Bitcoin
45:34
president. South Korea's new president Lee
45:37
Jeong Moon, I hope I pronounced that correctly, is very
45:41
supportive of Bitcoin. The list of pro BTC countries
45:44
grows day by day. It goes on to say this was a
45:47
very special election following a period of great political
45:50
uncertainty, the cause of the impeachment of former president
45:54
of the former president of South Korea, who had attempted to
45:56
declare martial law at the end of last year.
45:59
Mr. Lee described the election as a day of judgement against
46:03
this attempted coup, which he called an insurrection and a
46:07
threat to democracy. Why you hear that?
46:08
Like all over the place. These sounds.
46:10
Familiar in this context, it was difficult not to ally with with
46:16
Bitcoiners who are the forefront against dictatorial governments
46:20
like Poland a few days earlier, Korea joins A rapidly growing
46:24
club of countries openly favorable to Bitcoin.
46:28
But unlike his Polish counterpart Lei Zhang Moyeng, I
46:32
hope I pronounced that correctly.
46:33
I'm sorry guys has already made several concrete promises.
46:37
He notably committed to legalizing Bitcoin ETFs in the
46:40
same effort to limit capital outflows to the United States.
46:44
Mr. Lee also advocates A1 backed stable coin quote.
46:49
We need to create a stable coin backed by the one to prevent the
46:52
flight of national wealth abroad.
46:54
Recall that Tether is legally required to invest in its
46:58
reserves and U.S. government debt.
47:01
That's not all. Lee also proposes allowing the
47:03
national Pension Fund to invest in Bitcoin.
47:06
This fund currently weighs $884 billion.
47:11
Quote. I will create a safe investment
47:13
environment so that young people can build wealth and plan their
47:17
future. With over 16,000,000 Bitcoin
47:21
holders, it was foreseen that Korean political parties would
47:25
eventually embrace Bitcoin. It will soon become an essential
47:29
electoral battle horse. It goes on to say 2024 was the
47:33
year of institutions with the arrival of Black Rock and the SE
47:37
CS approval of ETFs. 2025 will be the year of nations led by
47:43
the United States, which surprised the world by making
47:47
Bitcoin their reserve currency. the US president highlighted at
47:51
the recent Bitcoin conference in Vegas that BTC is a
47:55
strategically important asset for the United States.
47:58
He emphasized that China's distrust of Bitcoin was an
48:02
opportunity for the US to gain a strategic advantage.
48:06
Quote Why does our biggest adversary adversary oppose
48:09
Bitcoin so much? If the Communist Republic of
48:12
China turns away from Bitcoin, the United States might want to
48:15
embrace it. He said.
48:17
It is only a matter of time before the whole world follows
48:20
the United States footsteps. What have you been saying it
48:23
simply. At the same conference, the
48:25
Pakistani prime minister's assistant announced the creation
48:29
of a strategic Bitcoin reserve as well as the allocation of two
48:33
gigawatts for the Bitcoin industry.
48:36
That is absolutely nuts. So connect the dots for a
48:40
second. By the way, the IMF freaked out
48:43
about this announcement. They're trying to get
48:44
clarification. And Opti's bothering me by
48:46
making us so small. We're going to be we're going to
48:48
be a little bit bigger. There we go.
48:50
Doesn't look good. So again, connect the dots.
48:55
Pro Bitcoin president in Poland. We have a pro Bitcoin president
48:59
in South Korea, we have a the assistant for the Prime Minister
49:04
in Pakistan saying we have every intention of creating a
49:07
strategic Bitcoin reserve in Pakistan.
49:10
And also we're going to dedicate 2 gigawatts of energy to Bitcoin
49:16
mining simultaneously. You have a strategic Bitcoin
49:20
reserve approved in the state of Texas and the state of New
49:24
Hampshire and on the federal level via executive order, a
49:28
strategic Bitcoin reserve here in the United States.
49:31
Like, come on now, come on now. The writing is on the wall.
49:37
If you guys are enjoying the show, smash that like button.
49:40
We're at 166 likes. Help us break 200 likes before
49:45
the show wraps up. Opti, what are your thoughts
49:49
here, my friends? And are are we asking the
49:51
audience? Yeah, I'm, I'm asking.
49:53
I'm asking the audience. OK, so.
49:55
Do you like to OK when we share the screen?
49:58
Do you like dude, they, they know what we're talking, but
50:00
we've been arguing about it the whole show.
50:03
I I hate that I can't just take you off screen.
50:06
Let's go. OK.
50:10
OK. First, First things first,
50:14
obviously, as we've been saying for a long time, you know, love
50:18
or hate Trump ever since he came out pro Bitcoin, it's obviously
50:21
fundamentally change the game theory around the world.
50:24
Now every country basically has no choice but to embrace
50:27
Bitcoin. And we're seeing further that
50:30
the, you know, the voting, the voting population, they want
50:33
Bitcoin. Obviously it was a smart move by
50:37
I'm I'm not going to even try to pronounce his last name or
50:39
first. I don't know how they work, Lee
50:41
over there, you know, the new president of South Korea by
50:44
embracing Bitcoin, it it probably was the one thing that
50:47
took him over the edge. And of course, we covered the
50:49
Wall Street Journal article yesterday basically saying, you
50:52
know, Bitcoin lost its libertarian roots embracing
50:54
MAGA. And it it's no, it's no secret
50:56
here that the Bitcoiners or rather even, you know, quote the
51:00
crypto industry and the crypto voters are the ones that got
51:04
Trump over the edge. And so if you are a politician
51:07
and you're looking at this, you're like, of course, I'm
51:08
going to embrace Bitcoin, whether you love Bitcoin or
51:11
you're neutral about it. I think, yeah, I agree.
51:15
I totally agree with Winegus. You have to admit that what
51:19
we're doing here as as bitcoiners, as a, as a movement,
51:25
as a voting bloc, it, it has a huge effect on what's going on
51:30
right now. And that's the first thing.
51:31
Now, the second thing that I found very interesting in that,
51:33
and I wasn't really aware of those numbers, but a third of
51:36
the Korean population holds Bitcoin That is massive.
51:39
That is absolutely huge. I mean, they said 16,000,000.
51:42
I, I think there's more in America, but the, the ratio, the
51:46
third of the population holds Bitcoin.
51:47
I, I don't think that that's even close in the USI think
51:50
we're at like 10 to 12% if I, if my figures are, are still
51:55
accurate and I'm remembering correctly.
51:56
So that is huge. Now, of course, the Bitcoin
51:59
ETF's, I'm not a fan of Bitcoin ETF's.
52:01
It's paper Bitcoin. Wow, nice.
52:06
But the second thing that is interesting is, and I'm, forgive
52:11
me, I'm, I'm blanking on these numbers, but they said I think
52:13
884 billion or 800 something billion dollars for a sovereign
52:18
wealth fund. If a portion of that gets into
52:20
Bitcoin, we've been hearing about it happening in the US,
52:23
We've heard what's happening in the Middle East, that they're
52:26
actively getting into Bitcoin. If these dominoes start falling,
52:32
I, I, I really can't see how the Bitcoin price is staying where
52:35
it is. There's just like there's not
52:37
that much Bitcoin. Where is all the Bitcoin coming
52:39
from? They, they're seemingly buying
52:41
up years worth of Bitcoin, whether that's institutions,
52:44
whether that's sovereign wealth funds and then potentially
52:46
nation states. Where is all this Bitcoin coming
52:49
from? Though?
52:50
I did see, see a metric from Willy Woo.
52:52
And you know, love or hate Willy Woo, whether you think he's
52:54
accurate or not, he did a chart yesterday or maybe it was this
52:58
morning, basically saying that a lot of the OG holders with over
53:01
10,000 coins have been selling the coins into the market.
53:04
So we're getting more data as to where all the coin is being sold
53:08
from. New entrants are coming in.
53:10
Some of the old holders are realizing some profits.
53:13
This is how you distribute Bitcoin through everyone.
53:16
You know, I'm, I'm not, I'm not really mad at people that are
53:18
getting their profits out here. But can we finally get some
53:22
movement here 'cause it, it's crazy it.
53:25
It would be great. It'd be great.
53:26
A lot of people are essentially speculating that the reason that
53:29
the price hasn't gone up is because a lot of this Bitcoin
53:32
purchasing is happening, happening through OTC desks.
53:37
And it's not, it's not being, you know, bought through
53:41
exchanges and whatnot. I'll pull it up for the
53:43
audience. Make sure you.
53:44
Pull up the right. Yeah, I got it.
53:45
I got it. All right, so here for everyone,
53:49
Nikka's messing things up. It did.
53:52
All right, let me control. It let me put this.
53:55
Here, there you go see you can see the whole screen.
53:58
This is why. All right, so Willy Woo tweeted.
54:01
Who are the idiots who are selling when institutions and
54:03
sovereigns are racing to buy billions in Bitcoin?
54:05
This chart sheds light the big whales.
54:08
Over 10K Bitcoin holdings have been selling since 2017 Quote
54:12
they're stupid. Most of these coins were bought
54:15
between zero and $700.00 and held 8 to 16 years and you can
54:20
see here. It doesn't sound very stupid.
54:23
They made it. They made they made a hell of a
54:25
trade, you know, and I'm I'm sure they still have some good,
54:27
you know, some pretty big holdings here.
54:29
So I think this is great, Orange, red, I don't know, but
54:33
the colored line here, BTC supply held by entities with
54:36
balance 10,000 to 100K Bitcoin, as you can see has been
54:41
declining since 2017 as the price of Bitcoin continues to
54:45
rise. So, you know, we've been, we've
54:48
been kind of speculating on the show for a while.
54:50
Maybe it was the, you know, the US government, maybe it's the
54:53
nation state selling their Bitcoin.
54:54
We know Germany sold the, you know, their, their whole bag.
54:58
Now it looks like we got some new data coming out that a lot
55:01
of long term holders with 10s of thousands of Bitcoin have been
55:04
slowly offloading, which is, you know, I, I think we should be
55:07
thanking these OG's because you guys get to stack Bitcoin at
55:11
under 100K for a lot longer before it starts ripping.
55:14
So this is the latest data that I'm seeing of who is selling
55:18
Bitcoin. At some point, it's got a RIP.
55:22
There's just there seems to be way too much demand.
55:25
And again, if we do see these nation States and these really
55:28
big institutions continue to double down to these Bitcoin
55:31
corporate treasury plays continue to expand, the price is
55:37
going to RIP. These 150K price predictions are
55:40
bearish and I'm not. Buying it, I think.
55:42
I think it's just a question. I think it's an inevitability.
55:45
Anyways guys, if you guys are enjoying the show, I do want to
55:48
give a shout out to the stream. We got almost 2000 people
55:51
watching us live on X500 of you guys watching live on YouTube
55:55
and 200 of you guys watching live on rumble.
55:58
If you guys are enjoying the show so far, make sure to smash
56:02
that like button. Really really helps with the
56:04
algos, helps get this message forward.
56:07
We're currently at 185 likes. By the way, Opti that vote, it's
56:12
5050. I'm going to end the poll right
56:15
there. No, that's now it's tied.
56:19
Oh. Big box.
56:20
This is rig big. Box bro.
56:22
This is rig no. You can't say that big box.
56:25
What this election in our channel?
56:28
You can't say that. You can't say that, Opti.
56:32
You can't say that. What are you saying talking
56:34
about the poll in the? Chat The poll in the chat was
56:37
rigged. Nico rigged the poll.
56:40
Nope, can't say those things, man.
56:42
Well, it's true though. You the the poll, the YouTube
56:46
chat. Poll No, no, no.
56:49
All right, It's 5050. People are asking for the big
56:53
box. People are asking for the big
56:55
box anyways. Fake news.
57:03
You are fake news all right keep it going, keep it going.
57:07
We still got a hell of a show for you guys.
57:09
We're going to hit the culture. We have tons to cover Before we
57:11
do that, I do want to give a shout out to our merch.
57:14
Of course guys, we have a limited merch drop.
57:20
Opti is wearing the Simply Bitcoin T-shirt.
57:24
Oh, and we did inventory guys in.
57:27
We're literally about to run out.
57:29
Yeah, exactly. And yeah, you should get yours
57:32
while supplies last. All the hats, they're sold out.
57:35
They're gone. It's it's over.
57:37
It's over. But you can still get yourself a
57:40
simply Bitcoin alternative. Only in some sizes though.
57:42
Bitcoin saves cream tea, the one that Opti's wearing right now,
57:46
and a Simply Bitcoin hoodie. The Simply Bitcoin hoodie is
57:49
incredibly comfy. It's stylish.
57:52
It's it's just, it's just a dope hoodie.
57:54
You should, you should get yours.
57:55
You should get yours. While supplies last, head over
57:56
to simplybitcoin.com and you guys get yourself some Simply
58:01
Bitcoin merch. Anyways, we're gonna hit the
58:03
culture. We have tons to talk about.
58:04
We'll be right back in just one second.
58:08
I want to give a shout out to our partner Hive Digital
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1:00:01
What are you waiting for? Head over to leaden dot IO
1:00:04
today. Oh wow.
1:00:11
OK, so the inventory yeah there's really not that many
1:00:16
guys. Yeah, I didn't realize that.
1:00:21
Yeah. You should just tell them the
1:00:23
numbers right if you want one. This is how many we have left.
1:00:26
Yeah, so cream hoodies, there's one small one left, there's 1
1:00:32
medium left, there's one large one left.
1:00:35
Cream T-shirts, there's one small, all medium and large and
1:00:40
XL are sold out. There's one XXL left and then
1:00:44
the black T-shirts. There's one left small, one left
1:00:49
large, and then one left XLS. Literally.
1:00:52
Like, I didn't realize that I would.
1:00:55
Basically, yeah. And and someone said they've
1:00:58
been sold out for a while. The XLS ordered more.
1:01:01
We're gonna do new designs guys. So this.
1:01:03
One, all the batches are limited like we don't.
1:01:06
Sorry guys. So next time, next, as Ryan
1:01:09
said, most sizes. So the next time you gotta get
1:01:11
them we're we're doing small batches anyways.
1:01:13
Anyways guys, I saw something very interesting and I might.
1:01:18
Just take one of those shirts. By Nick I was going to do OK
1:01:23
guys, so check this out. Ray Dalio did this post this
1:01:27
morning and for some reason I honestly thought Ray Dalio was
1:01:31
more popular on YouTube but apparently no one cares about
1:01:33
Ray Dalio, which is kind of interesting.
1:01:35
He's been. On on YouTube.
1:01:37
Yeah, that's what I'm saying on on YouTube he doesn't do
1:01:40
numbers. But anyways, anyways, he is
1:01:42
apparently writing a new book and it's called How Countries Go
1:01:46
Broke the Big Cycle. And this is his tweet in a
1:01:49
nutshell. And here just kind of, you know,
1:01:52
relaying just the basics of what this post is.
1:01:58
We we got a super chat, we got a super chat.
1:02:01
We got we got to give it a shout out from Vague.
1:02:04
Hey. Shouts out vague.
1:02:06
They gave us $10 you said Congrats to simply Bitcoin for
1:02:09
covering I I can't say that man Congrats to simply Bitcoin for
1:02:15
covering this is this is comedy, right?
1:02:19
Congrats to Simply Bitcoin for covering the North Korean
1:02:21
Bitcoin comments next one. Stay safe and.
1:02:26
PO Yo Kim is the best Bitcoin Max.
1:02:28
He's got good opsec. OK, All right.
1:02:32
Anyways, Anyways, so Ray Dalio, you know, great investor's been
1:02:37
doing this for 50 years. He's been in the macro markets
1:02:40
for just as long, if not longer. One of the best investors
1:02:43
period, one of the most renowned investors period.
1:02:47
He just, he's actually been doing a lot of these warnings
1:02:50
when Japan bond market started to act funny.
1:02:52
He came out with like a video trying to explain to people
1:02:55
what's going on in very basic English.
1:02:58
And I think this is a sign of what we're seeing.
1:03:03
And this piece here, he said basically, look, I've known this
1:03:06
for a long time, but I'm getting to that point in my age where I
1:03:09
want to share it with people. I think that's only one of the
1:03:11
reasons. I think more people need to know
1:03:13
what's going on. And as you can hear or see from
1:03:16
this title, How Countries Go Broke the big cycle in a tiny
1:03:19
nutshell, So he goes today, my latest book, How Countries Go
1:03:21
Broke the Big Cycle is being released.
1:03:23
The note is to share what it says in a nutshell.
1:03:26
To me, what matters most is conveying understanding at this
1:03:29
critically important moment. So I want to pass the key idea
1:03:32
as an extreme brevity in this note as well as comprehensively
1:03:36
in the book and leave it to you to decide how deep you want to
1:03:38
go. And anyways, I'm not going to
1:03:41
read the whole thing. You guys go check on Twitter,
1:03:43
but essentially he's kind of going down the Larry Leopard,
1:03:46
the big print, you know, debt crisis seems to be upon us.
1:03:50
He basically said, you know, if you ask me when this debt crisis
1:03:53
is going to happen, it's probably going to be in the next
1:03:57
three years, which I found very interesting.
1:03:59
He gave us a time limit here, but without kind of breaking
1:04:02
down this whole nuance here, we've been covering this on the
1:04:05
show for a long time. Again, go read it.
1:04:08
You'll learn a lot. If you're not familiar with Ray
1:04:10
Dalio, it's very simple. He'll teach you you exactly
1:04:13
what's going on right now and what has him concerned.
1:04:16
Now, the only reason I'm bringing this up today on a
1:04:19
Bitcoin show is because of the very ending of this basically,
1:04:26
you know, in a nutshell post here.
1:04:28
And he's talking about that crisis.
1:04:30
He's talking about, you know, Bond and he's basically saying,
1:04:32
look, you want to know what I think you should be doing, what
1:04:36
I think is the move right now where it's really not safe to
1:04:39
put your money anywhere and the risk free, you know, the risk
1:04:42
off trades and places to park your money aren't safe anymore.
1:04:47
Well, here is the ending and here is the kicker.
1:04:49
And as you can see, I tweeted this morning, Ray Dalio
1:04:52
expressing concerns of looming debt crisis recommends you own
1:04:55
some Bitcoin. The tide is shifting.
1:04:59
What? Yes, all.
1:05:01
Right, so now here you can see from the very end of this
1:05:04
article or this note, and I'm guessing it's in the book.
1:05:07
Did did Dalio just say you should own Bitcoin all?
1:05:10
Right, let me read it for you. So he goes Question 7.
1:05:14
Why? Why didn't we shape this?
1:05:15
Because no one likes Ray Dalio on YouTube.
1:05:17
It just doesn't do numbers. Ray Dalio's the Goat.
1:05:20
I agree but it just doesn't do numbers so This is why it's in
1:05:22
the culture. Big, big breaking, massive
1:05:25
breaking air horns please. Hold on.
1:05:28
I wasn't ready. Ray Dalio thinks you should buy
1:05:33
some Bitcoin. Yeah.
1:05:34
OK, let's break it down. So are there any other areas of
1:05:37
the world that look particularly problematic from a fiscal
1:05:40
standpoint that people may be under appreciating?
1:05:43
And he goes, most countries have similar debt and deficit
1:05:46
problems. The UKEU, China and Japan all
1:05:49
do. That is why I expect a similar
1:05:52
debt and currency devaluation adjustment process in most
1:05:56
countries, which is why I I expect non government produce
1:06:00
monies like gold and Bitcoin to do relatively well.
1:06:04
Now how should investors navigate this risk slash B
1:06:07
position going forward? And he goes, everyone's
1:06:11
financial situation is different, but as general
1:06:13
advice, I suggest diversifying well in asset classes in
1:06:17
countries that have strong income statements and balance
1:06:20
sheets and are not having great internal political and external
1:06:23
geopolitical conflicts, underweighting debt assets like
1:06:26
bonds and overweighting gold and a bit of Bitcoin.
1:06:31
Having a small percentage of 1's money in gold can reduce the
1:06:34
portfolio's risk and I think it will also raise its return.
1:06:39
And here's a headline here. I I actually if you guys saw the
1:06:43
clip I did with with CJ, you know that I am a huge fan of CJ
1:06:51
and he loves Caprio investments here and as.
1:06:56
An interview with. CG Yeah, yeah, that's exactly
1:06:58
it. Yeah, go check it out.
1:07:00
Now, the reason I'm bringing this up is because he's saying
1:07:03
something very similar, but I'm really just going to take this
1:07:06
little headline here. Welcome to the hard asset era.
1:07:10
The multi decade cycle has flipped.
1:07:12
Gold is once again outperforming equities.
1:07:15
And of course, he talks about Bitcoin.
1:07:17
He's a Bitcoiner. But I think the headline is the
1:07:20
most important. You are entering a hard asset
1:07:23
era. This is where we are in the
1:07:25
cycle guys. And you know, we're bitcoiners.
1:07:27
So obviously we're we're going to tell you to buy Bitcoin.
1:07:30
Yes, I love gold. Gold is pretty, you know, it,
1:07:33
it's physical, it's shiny. I want I want this whole house
1:07:35
in gold one day. But we're not storing our wealth
1:07:38
in here, to Peter Schiff's chagrin.
1:07:41
You know, go check out the one of Nikko arguing with Peter
1:07:43
Schiff at the Bitcoin conference.
1:07:45
But the point remains the same. If you're seeing the United
1:07:50
States start to pivot to Bitcoin or even you know the stable
1:07:53
coins, or you're starting to see Larry Fink shilling Bitcoin to
1:07:56
its clients and saying it's going to go to 700 K this year
1:08:00
or this cycle and you're seeing pro Bitcoin presidents or
1:08:05
politicians be elected. You're starting to see gold is
1:08:09
going to all time highs. You're starting to see that
1:08:11
interest rates are raising, which is essentially saying no
1:08:14
one wants to buy bonds. The point and the writing on the
1:08:18
wall is very clear. You need to hold hard assets and
1:08:22
the most attainable, the most accessible hard asset for every
1:08:26
single one of us is of course, Bitcoin.
1:08:29
And the properties of Bitcoin, whether it's hard cap, whether
1:08:32
it's censorship resistant, portable, all the things is very
1:08:38
clearly showing me that even though Ray Dalio is kind of just
1:08:41
saying, yeah, a little bit of Bitcoin, it's becoming very
1:08:44
clear you need to hold some Bitcoin Now I did go back and
1:08:46
forth with Vikingo this morning about it and he was like it, It
1:08:49
sounds like Ray Dalio doesn't really want to say Bitcoin here.
1:08:54
And I, I kind of argued the other way.
1:08:56
I, I think it's the opposite. I think he is kind of reading
1:08:59
the room and it's still not very favorable for him to embrace and
1:09:03
show Bitcoin to his peers. So he's kind of he is throwing
1:09:07
it as an afterthought here. But I think the fact that it's
1:09:11
being put in this position in this category, I think is a tide
1:09:16
shift that we are seeing. It's a full fundamental sea
1:09:18
change from where we've been in the past.
1:09:20
Again, Ray Dalio is warning about a looming debt crisis, and
1:09:25
he says, yeah, maybe you want to own some Bitcoin.
1:09:27
He hasn't gone full lateral apart on us.
1:09:29
Nico, you know the big prints coming, you need to go all in on
1:09:32
Bitcoin, but we'll take the little WS where we get them.
1:09:35
Anyways, Nico, what's your thoughts on this one?
1:09:38
Dude, I mean, my thoughts are absolutely like mind blown.
1:09:42
I mean you, you have someone else again, like bending the
1:09:46
knee to the king. This is a big deal.
1:09:49
Like I, I can't believe I didn't hear about this.
1:09:52
Like the fact that you have, you have Ray Dalio basically saying,
1:09:59
look, guys here like, you know, basically buy Bitcoin or
1:10:07
bitcoins going up. Like, and this is like a 180
1:10:11
from where he was not too long ago.
1:10:14
Like not too long ago, he was basically saying I don't like
1:10:16
Bitcoin. So the fact that he's saying
1:10:18
this and he's mentioning Bitcoin by name in his article is a big
1:10:24
deal. I think Opti's about to drop it
1:10:26
in the chat. By the way, appreciate the Super
1:10:28
chat we just got. I do want to give it a shout out
1:10:33
and I want to pull it up on screen.
1:10:36
Here we go. Chandi says Bitcoin army be on
1:10:41
guard. God is real.
1:10:43
Yes, he is every bank shut my account down.
1:10:47
This isn't my bank, but I have Bitcoin wins make it a currency.
1:10:50
I'm still stuck in Vegas. I want out.
1:10:52
Damn. Damn well I appreciate.
1:10:54
You get home. Thank you Chandi, hope you get
1:10:56
home. And yeah, I mean, it's pretty
1:11:00
crazy. Opti dropped it in the chat if
1:11:03
you guys want to check out the article and yeah guys, that's
1:11:07
that's a pretty big deal. Anyways, we are getting to the
1:11:10
top of the hour guys. If you guys enjoy the show, you
1:11:12
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1:11:19
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partners guys that really helps the most and of course, you guys
1:11:28
just send this to super chat as well.
1:11:29
That really helps also. We love you all.
1:11:31
We appreciate you all, and we back tomorrow for a brand new
1:11:33
episode of Simply Bitcoin. Today's episode was brought to
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1:11:40
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