Latest / Simply Bitcoin / Is Biden Sabotaging Trumps Bitcoin Plan? ($6.5B Plot EXPOSED) | EP 1157

Transcript

Is Biden Sabotaging Trumps Bitcoin Plan? ($6.5B Plot EXPOSED) | EP 1157 · Simply Bitcoin

• 0:01
  Yo, did the US just dump 69,000 Bitcoin 11 days before Trump
• 0:08
  takes over office in the US, the DOJ has officially announced
• 0:14
  allowed the release of 69,000 Bitcoin, which equates to $6.5
• 0:21
  billion. Don't you think the timing of
• 0:24
  this is really coincidence? Really a really really big
• 0:28
  coincidence literally weeks before trump takes office.
• 0:32
  We all know how the incoming trump administration feels about
• 0:37
  Bitcoin Donald Trump's son Eric Trump historic speech Bitcoin
• 0:42
  Mina Trump appointing pro Bitcoin positions all over his
• 0:48
  cabinet. There's a lot of rumors and
• 0:50
  speculation that what we want to shed on light today.
• 0:54
  So let's get right into explaining what really happened
• 0:58
  on today's show. I'm going to bring up my
• 1:00
  legendary Co host, my optimist fields, who's in the Co host
• 1:05
  seat today anyways, just jump straight into it, man.
• 1:07
  This was on purpose Opti. Let's just let's just let's just
• 1:11
  take away all doubt. This was on purpose.
• 1:15
  This was to sabotage the incoming administration.
• 1:19
  We know their plans for a strategic Bitcoin reserve.
• 1:22
  We saw the pictures of Michael Saylor at Mar a Lago talking
• 1:27
  with Eric Trump. I'm sure that Michael Saylor met
• 1:30
  with the president. Of course, you have Sachs coming
• 1:33
  in. You have Howard Lupnik, who was
• 1:35
  just on Anthony Pompliano's podcast talking about buying 10s
• 1:39
  of millions of dollars worth of Bitcoin, buying hundreds of
• 1:42
  millions of dollars worth of Bitcoin.
• 1:44
  He just got appointed head of commerce.
• 1:46
  I mean like obviously and. Densler and Gensler.
• 1:50
  'S leaving and Gensler's leaving and then you guys remember the
• 1:53
  last three and remember the last four years like our industry was
• 1:57
  attack which essentially forced our industry to you know get
• 2:01
  into the political discussion right.
• 2:03
  So this is 100% no no doubt in my mind an attempt to sabotage
• 2:10
  this whole Bitcoin strategic Bitcoin reserve thing in the
• 2:13
  United States. Anyways, here's an article.
• 2:15
  The article is from Decrypt U.S. court green light sale of $6.5
• 2:21
  billion in seized Silk Road Bitcoin the US government has
• 2:26
  secured final approval in the Northern District of California
• 2:30
  to liquidate crypto's largest ever federal seizure, signaling
• 2:35
  the closure of a complex 4 year legal battle over billions in
• 2:39
  Bitcoin tied to the infamous Silk Road marketplace.
• 2:44
  Chief U.S. District Judge Richard Seberg
• 2:47
  denied a motion to block the forfeiture of 69,370 Bitcoin,
• 2:54
  clearing the Department of Justice to sell the $6.5 billion
• 2:58
  in assets, according to a court document filed December 30th.
• 3:03
  A couple thoughts here. Same as the thing with Germany.
• 3:06
  Germany sold 50,000 or roughly $50,000 fifty 50,000 Bitcoin
• 3:12
  when Bitcoin was at like 60 or 70K.
• 3:15
  They got absolutely wrecked. And the thing that like really
• 3:19
  interests me the most is they're selling something that has
• 3:22
  absolute scarcity. They just can't create more of
• 3:26
  it for something they can create out of thin air.
• 3:29
  That makes no sense whatsoever. But I don't think it's supposed
• 3:34
  to make sense. It they have to continue the
• 3:38
  system, they have to legitimize the system.
• 3:42
  And the best way to legitimize the system is say, you know
• 3:45
  what, this Bitcoin thing is worthless.
• 3:48
  We have to sell it for this Fiat because the Fiat is what
• 3:51
  actually matters, right? Or at least that's what they're
• 3:54
  trying to signal. I also think that it's quite a
• 3:57
  coincidence that again, you know, this is the year after the
• 4:01
  halving, which in a historical context tends to be the best
• 4:05
  year for Bitcoin. The year after the halving is
• 4:08
  the year of the parabolas. And just like the bull market of
• 4:12
  2021 when the Chinese Communist Party banned Bitcoin mining, I
• 4:17
  believe it cut the last bull market short.
• 4:20
  Isn't it a coincidence that again, the Biden administration,
• 4:24
  you know, are like 11 days until they're out of office, out of
• 4:28
  power, is trying to sabotage 1 of Trump's, you know, key
• 4:33
  running points Like it's, it's just, it's, it's ludicrous.
• 4:37
  It's absolutely hilarious. And look, whoever thought
• 4:40
  because we got a lot of crap for it, it's simply Bitcoin when we
• 4:44
  decided to essentially say, you know what, it's probably a good
• 4:47
  idea idea that Trump wins because his party's taking a pro
• 4:51
  Bitcoin stance. His administration is taking a
• 4:54
  pro Bitcoin stance as well. I, I, we didn't get into the
• 4:59
  other political issues because that's not this type, That's not
• 5:01
  that type of show. But I mean, like, like, it would
• 5:05
  have been terrible. I think if, if this current
• 5:08
  administration got more, it got more years in office, I think, I
• 5:11
  think our industry would have been in real, real trouble.
• 5:13
  And I think this is a great, it is great evidence of that,
• 5:17
  right? It goes on to say Judge C Borg
• 5:20
  is known for high profile cases. He recently rejected arguments
• 5:23
  that Google under Alphabet adequately disclosed how attract
• 5:27
  user activity. The tech giant now faces a
• 5:29
  possible trial in August. It's unclear while the document
• 5:33
  relating to the seas Bitcoin has surfaced this week.
• 5:36
  I mean, total coincidence. Again, all of this is
• 5:38
  coincidences, You know, none of this is, is, is is.
• 5:43
  None of this is by chance. You know, none of this is on
• 5:45
  purpose. It's just, it's all coincidence.
• 5:48
  You know, like the 30% Bitcoin mining tax, you know, operation
• 5:52
  choke point 2.0, you know the the articles that were released
• 5:57
  by the legacy media basically saying that Bitcoin was used for
• 6:00
  money laundering, even though we know that the vast majority of
• 6:02
  illicit finance is done within the traditional financial
• 6:05
  system. All of that is a coincidence.
• 6:07
  Of course, you know it's all coincidence.
• 6:09
  It goes on to say the development confirms prior
• 6:11
  reporting in October last year when it appeared the US
• 6:14
  government was free to sell the seas Bitcoin from a Silk Road
• 6:18
  affiliated wallet. Now, again, I don't know if you
• 6:21
  guys remember, but one of the key talking points that Trump
• 6:24
  said in his historic keynote at the Nashville Bitcoin conference
• 6:29
  is that he promised that if he were to get elected, he was
• 6:32
  still running for office at the point at that at that point, he
• 6:36
  wouldn't sell any Bitcoin that the US government had, right?
• 6:41
  So again, 11 days before he's being sworn in, sworn in, the
• 6:46
  DOJ just happens to drop this massive bombshell.
• 6:50
  Like, come on now, come on. Anyways, here is Joe Burnett,
• 6:57
  great content creator. I believe he's with the company
• 6:59
  Unchained. And here's British auto.
• 7:02
  I recently just recorded a, a a podcast with British auto by the
• 7:05
  way, that should be dropping in about a week or so.
• 7:07
  British Auto says we have people selling Bitcoin and we're on the
• 7:11
  verge of 20 strategic Bitcoin reserves after USA hits the go
• 7:15
  button. It's truly remarkable how frail
• 7:17
  people's can't say that we are quite possibly one domino away
• 7:22
  from hyper bitcoinization. The reason that I wanted to
• 7:25
  bring that up again, I think they're trying to stop the
• 7:29
  momentum. There's really no other
• 7:31
  explanation for that, right? We know how we know how Gary
• 7:35
  Gensler feels about Bitcoin. We know how the current DOJ and
• 7:41
  the Treasury Department feel about the industry.
• 7:43
  We know how much pressure they put on banks to essentially
• 7:49
  isolate them from the traditional financial system.
• 7:52
  There's leaked documents that have come out that have
• 7:55
  literally shown that there is pressure from the government
• 7:59
  being put on banks to essentially not allow not bank
• 8:04
  the the crypto and Bitcoin industry, which of course forced
• 8:08
  our industry to become part of the donor class in Washington.
• 8:12
  DCI don't think we would have done so if we weren't forced to
• 8:16
  do so. So, you know, it's funny how all
• 8:19
  this works, you know, vengeful until the very moment they leave
• 8:24
  office, which is just, you know, it's fitting.
• 8:28
  I'm glad we're turning the page. I really hope that over the next
• 8:33
  two to four years, Bitcoin adoption in the United States
• 8:38
  accelerates to a point where it becomes a non partisan issue.
• 8:45
  Because the last thing that I want to happen is whether
• 8:49
  there's a certain political party in office.
• 8:52
  It's good for Bitcoin, and if there's another political party
• 8:54
  in office, it's bad for Bitcoin. And then it just becomes this
• 8:58
  pendulum. I think that would be terrible
• 9:00
  for the industry. I think Bitcoin is for everyone.
• 9:03
  It doesn't matter what your ideological beliefs are, you
• 9:06
  know, if you're on the right, you know, protects your
• 9:08
  sovereignty. It protects, you know, your
• 9:10
  ability to, you know, move freely with your wealth if
• 9:14
  you're on the left. It's the most inclusive,
• 9:16
  equitable money the world has ever seen.
• 9:18
  It protects the lower middle classes from the ravages of
• 9:21
  inflation. Like, I mean like it it it this
• 9:25
  is not a partisan issue. So I hope that over the next two
• 9:30
  to four years, people like Elizabeth Warren can't run on
• 9:34
  the platform of I'm building an anti crypto army because the
• 9:39
  fact is, is that Bitcoin is for everyone.
• 9:42
  I think the people that stand the most to lose from Bitcoin
• 9:48
  are politicians that have taken advantage of the money printer.
• 9:54
  I think it I think it boils down to that.
• 9:56
  So I think, you know, this is this is a very slimy move.
• 10:00
  I think that this could have definitely played into the
• 10:03
  recent price volatility that we had in Bitcoin, especially to
• 10:07
  the downside. We fell from like 100,100 and
• 10:10
  2000 to 92,000 or 91,000. So yeah, I mean, this is this is
• 10:16
  kind of snaky. This is kind of slimy Opti, I'm
• 10:18
  not going to lie. Like right, right until the way
• 10:21
  out. They're just like, you know
• 10:22
  what, they just flipped everyone off and they're like, you know,
• 10:26
  we're we're we're not going to just give over the keys.
• 10:28
  You know, we're going to fight all the way.
• 10:30
  We're going to fight all the way to the very end.
• 10:32
  And some there's some rumors also that they they've
• 10:35
  apparently already sold that Bitcoin.
• 10:38
  So I don't know if that's true, but I mean, that could explain
• 10:41
  why we still haven't started pumping yet.
• 10:43
  Optia, what's your take? Yeah, Well, you know, jumping
• 10:47
  off that last point, I did just see Arkham Intelligence
• 10:50
  essentially drop a meme that says like they're saying the US
• 10:53
  government has sold that Bitcoin.
• 10:54
  It's but if you look on chain, it's allegedly still there
• 10:58
  though there are a lot of rumors going on right now that
• 11:00
  essentially that Bitcoin has already been sold, which I think
• 11:04
  would kind of explain the the reason why the price is coming
• 11:07
  back down to 93 K right now. And so you know these are all
• 11:11
  rumors and speculations right now.
• 11:13
  Obviously, I think everyone's watching this.
• 11:15
  This is a huge news story as far as I'm concerned, though, I
• 11:18
  think the really big tell here is that this announcement came
• 11:24
  out December 30th. Maybe it's because it was the
• 11:27
  New Year's and it kind of got swept under the rug, you know,
• 11:29
  giving them kind of the benefit of the doubt.
• 11:31
  The interesting part is why is it coming out now?
• 11:34
  Obviously, 11 days before Trump gets into office, we're hearing
• 11:38
  this news come out and it really does feel like the final, you
• 11:41
  know, F you from the Biden administration to the American
• 11:44
  people, when in reality it's like it, it is the best course
• 11:49
  of action here to be stacking Bitcoin for.
• 11:52
  I would argue America in general, though, kind of a
• 11:56
  pulling back. I, I was talking with Shao Nico,
• 11:59
  you know, our boy out there. So shouts out the Sao.
• 12:02
  I know he listens on the podcast every day.
• 12:04
  And I, I have been kind of becoming a little more
• 12:07
  conflicted on this Bitcoin SPR news, considering how they got
• 12:11
  that Bitcoin. You know, most of that Bitcoin
• 12:13
  is from the Silk Road confiscation here.
• 12:17
  So, you know, first they steal it and then they sell it.
• 12:20
  Like what's new? Same story as we've been hearing
• 12:23
  before and then kind of going further, like as much as I do
• 12:27
  want an SPR, the the technicalities of rolling over
• 12:32
  the Silk Road Bitcoin into the strategic Bitcoin reserve and
• 12:35
  the US government kind of profiting off of it.
• 12:37
  It does make me feel a little icky here.
• 12:39
  But you know, if the US government does sell that
• 12:42
  Bitcoin, this might be the best news for 2025.
• 12:44
  It's like, hey, they sell that 200,000 Bitcoin, they get a
• 12:48
  discount for the price and then they have to buy Bitcoin back.
• 12:50
  You know, if Trump comes in, they have to buy all that
• 12:53
  Bitcoin back essentially on spot markets, which means that's a
• 12:57
  lot of buying pressure. That sounds like numbers going
• 13:00
  to go up. So I don't know.
• 13:02
  It is very interesting to watch. And I think, you know, obviously
• 13:06
  we don't want to get into speculations.
• 13:07
  We don't want to turn into simply TMZ here, but the rumors
• 13:11
  about them actually selling all that Bitcoin is very
• 13:14
  interesting. As far as I'm I'm thinking it's
• 13:17
  like that is an interesting story.
• 13:19
  Of course, it's all speculation here, but it would kind of line
• 13:23
  up with a lot of things we've seen come out of the Biden
• 13:25
  administration. We've known and a lot of the
• 13:27
  people, the talking heads on the left have acknowledged the fact
• 13:31
  that fighting the Bitcoin or quote UN quote crypto industry
• 13:34
  was a really bad move. And they had to kind of keep the
• 13:37
  public optics out there that oh, wait, we're not actually
• 13:40
  fighting you. And so I think it would be a
• 13:43
  huge news story if we come to find out that actually they've
• 13:46
  sold all of that Bitcoin and all of that pandering we saw from
• 13:50
  Kamala about, hey, we're pro Bitcoin here.
• 13:53
  You know, we're not trying to fight the industry anymore.
• 13:55
  Like would we be surprised? No, but I think that would be a
• 13:59
  huge revelation for a lot of people where publicly they're
• 14:03
  saying, oh, we're going to embrace the Bitcoin industry and
• 14:05
  then privately they're selling all of this Bitcoin on the back
• 14:09
  end. So I think that would also be an
• 14:11
  incredibly huge news story. But the fact that the DOJ is
• 14:15
  approving the sell of this Bitcoin, on the one hand, it's,
• 14:19
  it's, it sounds like a, you know, old story here, you know,
• 14:23
  new, new boss, same story. But I don't know, I'm kind of
• 14:28
  feeling OK with the US government having to buy Bitcoin
• 14:31
  on the spot market. They have to get Bitcoin like
• 14:34
  everyone else. You have to buy it.
• 14:36
  So hey, I don't know, I'm a little conflicted here cuz like,
• 14:40
  I don't want them to, to transfer all that stolen Silk
• 14:43
  Road Bitcoin into a way to pay off their national debt.
• 14:47
  But I'm also like, you know, I guess cheap shats for us, we get
• 14:50
  it on discount. Is this just a classic fun
• 14:52
  playbook where, you know, they're trying to keep the price
• 14:55
  under 100K, sell all of that Bitcoin, you know, give a big
• 14:58
  middle finger to the Trump administration if they do pull
• 15:00
  the trigger on the SBR. So man, it's it's very
• 15:03
  interesting. 2025 looking like a crazy year already. 100% And
• 15:08
  another thing too, like you have to understand the symbolism
• 15:11
  here, right? The symbolism is basically
• 15:13
  saying, you know, Trump got a mandate from the American
• 15:17
  people. If anyone's not worst like well
• 15:20
  versed in American politics, the Republican Party usually never
• 15:23
  wins the popular vote. Trump won the popular vote.
• 15:26
  He won the House and he won the Senate.
• 15:29
  And essentially, even though that was a clear message from
• 15:33
  the American people that refuted Biden's policies up until the
• 15:38
  very last moment, he's basically saying, I don't care what you
• 15:43
  guys think, I'm going to do this anyways.
• 15:46
  And I'll tell you what the probability of this SBR
• 15:51
  executive order going through just went up by 5 because if you
• 15:57
  think this is going to stop Trump, you know, from getting an
• 16:01
  SPR in just because they're they're dumping Bitcoin right
• 16:05
  before he goes into office. I mean, this isn't bolding in
• 16:10
  bolding him more than anything. He just went on TV yesterday and
• 16:15
  said he's going to rename the Gulf of Mexico to Gulf of
• 16:18
  America. He just said he was going to buy
• 16:20
  Greenland and he's calling Canada the 51st state.
• 16:24
  Do you think this is going to stop, you know, the plans that
• 16:28
  he had, it's going to embolden him more than anything.
• 16:31
  And another thing also, if you guys are not well versed in
• 16:34
  American politics, this is his second term.
• 16:36
  He doesn't need to run in for office again.
• 16:39
  And what tends to happen, and what tends to happen with
• 16:45
  America, with American presidents on their second term,
• 16:48
  is that they they they go a little bit, they go a little bit
• 16:50
  harder in the pain because they realize, like, this is my last.
• 16:54
  Like this is my last. I can't run for president
• 16:57
  anymore, right? So, yeah, I mean, I think this
• 17:00
  is going to backfire. We're going to confirm if this
• 17:03
  is real news. I think this so-called, you
• 17:07
  know, release of this news was symbolic.
• 17:10
  I think it was on purpose and I think it was an attempt to
• 17:14
  sabotage this momentum that the Bitcoin movement is picking up,
• 17:19
  specifically with the donor class, specifically in
• 17:22
  Washington, DC. It's entrenching itself within
• 17:26
  the traditional financial system, whether that's Michael
• 17:29
  Saylor, Larry Fink, of course, the official Republican Party
• 17:34
  platform. Yeah, I mean, it's crazy.
• 17:37
  And this also tells me two guys that we're winning because they
• 17:41
  wouldn't want, they wouldn't have to do this unless they
• 17:45
  feared it, right. But what is it that they fear?
• 17:48
  I think I know what it is they fear.
• 17:50
  I think it is that. Look, if Bitcoin proves to be a
• 17:55
  superior store of value, if Bitcoin proves to be a solution
• 18:01
  to a lot of the governments, you know, financial problems, I
• 18:06
  mean, I think that puts a lot of people out of a job.
• 18:08
  I think that that that that gets a lot of people asking questions
• 18:13
  about the Fiat money printer. I think that gets a lot of
• 18:16
  people asking questions about the current system, which a lot
• 18:20
  of these politicians in Washington, DC benefit from.
• 18:24
  So I think that's really what it's about.
• 18:26
  But I think that this is just another example of US winning
• 18:30
  because they wouldn't do this if we weren't winning.
• 18:33
  So anyways, we'll see what happens we'll stay on top of it.
• 18:37
  We'll have an update for you guys.
• 18:39
  He's gonna buy if even if they sell this 69th out, which I
• 18:43
  think the number is hilarious. If even if they sell this 69,
• 18:47
  even if they sell this $69,000 Bitcoin, I think Trump's just
• 18:50
  going to buy it, buy it back up my.
• 18:52
  Opinion yeah, yeah, Nico on on that last point.
• 18:54
  I I think that's a that's a huge point to kind of stress here is,
• 18:59
  you know, the fact that they are so concerned with Bitcoin right
• 19:02
  now just goes to show that they understand the stakes at hand.
• 19:06
  And we've been saying that for a long time that like the people
• 19:09
  in power aren't naive or stupid. They understand what is going
• 19:12
  on. And they as as we've shown last
• 19:15
  year with Operation Choke .2 point O and all the stuff that
• 19:17
  came out, they have actively tried to stop the adoption of
• 19:21
  Bitcoin. And I think this might be, you
• 19:23
  know, one last attempt to kind of add more FUD into the the
• 19:27
  Bitcoin space and, and scare away normies from buying
• 19:30
  Bitcoin. So obviously it's going to
• 19:32
  backfire. But I think it's very important
• 19:34
  to remember, like Bitcoin is an important movement right now and
• 19:38
  more people holding Bitcoin really kind of, you know,
• 19:42
  dismantles all the power going on right now.
• 19:45
  And things are changing. You know, the times are changing
• 19:47
  right now and you guys are on the front lines, every single
• 19:50
  one of you guys that are holding Bitcoin hanging out in the chat
• 19:52
  and just us talking about this. It's not just about Nico and I
• 19:56
  talking about this, it's about everyone in the chat having
• 19:58
  these conversations with your friends and.
• 20:00
  Family and who knows how big this movement can get if we are
• 20:03
  all communicating this final message.
• 20:05
  It's like look, they're actively working against you and here's
• 20:09
  all the data for it hit people in their fields and I I think I
• 20:13
  think we really are winning really hard, you know, being
• 20:16
  unburdened. What was it?
• 20:17
  Unburdened by what has been or whatever.
• 20:20
  Whatever it was, anyways. Anyways, let's go, let's go.
• 20:24
  Yeah, absolutely. Guys, if you guys are enjoying
• 20:25
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  that like button. All right everybody before we
• 20:49
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• 24:50
  At the time of recording, the Bitcoin price is 92,370 block
• 24:56
  height 870 878,509 sats per dollar 1083 market cap 1.83
• 25:04
  trillion Bitcoin versus Gold Market cap 9.84% Percentage
• 25:09
  issued 94.32% Decline from all time high -14.7% realized
• 25:16
  monetary inflation 1.09%. The grand scheme of things, we
• 25:21
  are just getting started now. Some very, some very interesting
• 25:25
  things. Also shout out to Danny for
• 25:29
  taking over the What Bitcoin Did podcast from Peter McCormack.
• 25:33
  Shout out to Peter McCormack. I believe he he's he's
• 25:36
  continuing his podcast. He changed it to the Peter
• 25:39
  McCormack show. The best of luck to him.
• 25:41
  Great content creator. But congratulations to Danny for
• 25:45
  taking over the What Bitcoin Did podcast, a very popular podcast
• 25:49
  in Bitcoin. Seems like he had Odell on
• 25:52
  recently. And Odell was talking about
• 25:55
  essentially how if Bitcoin were to perform similarly to the 2016
• 26:01
  cycle, the the price would trade near $2,000,000 per coin.
• 26:05
  Now a couple things here before I play you guys.
• 26:08
  The clip, it's about a 2 1/2 minute clip, but one of the
• 26:12
  things that I've been saying. For a while.
• 26:14
  Now is we as a community have forgotten what a blow off type
• 26:20
  blow off top cycle feels like. The last time we've had one was
• 26:25
  in 20/17/2017. That's a long effing time from
• 26:31
  now. That's that was a long time ago.
• 26:33
  That was eight years ago. Oh my God I've been doing this
• 26:36
  for almost a decade. We don't even know what a blow
• 26:38
  off top feels like. 2021 was like it was a let down it we
• 26:43
  didn't. OK so the reason I'm saying this
• 26:45
  is we all have PTSD. We don't know what that feels
• 26:49
  like. The reason that I'm saying all
• 26:51
  of this is because we don't, because we don't know what that
• 26:53
  feels like. No one's expecting it.
• 26:56
  So what I'm seeing, the general consensus for this cycle, like
• 27:00
  the general consensus for last cycle was 100K guaranteed.
• 27:03
  That was guaranteed last cycle never happened.
• 27:06
  The general consensus this cycle is 120 KA, 150K200K.
• 27:11
  That's it. Wrap it up law of big numbers.
• 27:13
  It's over. But what I'm seeing is you know
• 27:18
  what the return of Bitcoin was in 2016?
• 27:21
  It was like 130%. You know what the return of
• 27:26
  Bitcoin was in twenty 24130%. You get where I'm going with
• 27:34
  this. So you know what the return was
• 27:37
  in 2017 it like 20X like 2000%. So I'm not saying it's going to
• 27:42
  do the same. I'm not saying that, but but if
• 27:46
  it did 20X times, 100,000 is $2,000,000.
• 27:52
  I'm not saying that's going to happen.
• 27:53
  I'd be happy with the 5X. That would be incredible.
• 27:56
  But anyways, I'll play you guys a clip from Odell and then me
• 28:00
  and Opti will talk about it. Let's check it out.
• 28:03
  If if you're going to say super cycle, right, we have 3 cycles
• 28:06
  that we can compare against. We have the 2012 cycle, the 2016
• 28:11
  cycle and the 2020 cycle. Now the 2020 cycle I think was
• 28:15
  artificially suppressed and broken because of FTX, Celsius,
• 28:19
  Grayscale, Barry Silbert, all the different paper Bitcoin
• 28:22
  games that were played out and then blew up.
• 28:25
  So it didn't go as high as it would and went lower than it
• 28:28
  would have in the bear. So if you go and then you
• 28:31
  compare it to the 2016 having cycle, right?
• 28:34
  And why are there cycles there cycles because every four years
• 28:36
  on average bitcoins has this pre planned supply shock.
• 28:40
  But because people are retarded, it's not priced in.
• 28:45
  At some point you'd expect all future having to be priced in,
• 28:47
  but we're still far away from that.
• 28:49
  So if you compare it to the 2016 cycle, if it was, if it was
• 28:53
  exactly the same top and bottom of the 2016 cycle, you're
• 28:56
  talking roughly 2 million Bitcoin top, 400,000 Bitcoin
• 29:01
  bottom. Now I think like some people
• 29:03
  without thinking about the math would be like, Oh my God, that's
• 29:06
  a super cycle. That's insane.
• 29:07
  Like how do we pump that much? No, that's just doing what we
• 29:10
  did in 2016. So I think you'd have to see
• 29:14
  four to be definitionally considered a super cycle.
• 29:17
  You'd have to see a blow past $2,000,000.
• 29:19
  I don't think there's many people that are calling for that
• 29:21
  right now. I would love to see that.
• 29:23
  I'd be cool with seeing that. But I, what I expect here is
• 29:28
  we'll see a slightly amplified traditional cycle because of
• 29:33
  nation state FOMO, because of ETFs, because of all this new
• 29:36
  money that has been unlocked. We will see a cycle that
• 29:39
  probably would have been amplified if you didn't factor
• 29:41
  in that new demand compared compared to not factoring that
• 29:45
  new demand. But I still expect at some point
• 29:49
  an 80% drawdown where everyone gets wrecked.
• 29:52
  And when that'll happen, I don't know when that'll happen.
• 29:54
  It'll happen when we're all incredibly bullish and we think
• 29:56
  it's not going to happen. And the important, the important
• 29:59
  contrast, I think with gold is like gold is, you know, bowling
• 30:03
  with bumpers, like there's a circuit Breakers, like it's a
• 30:06
  completely controlled market. Like Bitcoin is a, is the
• 30:09
  closest thing to a free market humanities ever seen.
• 30:12
  And humans are inherently volatile.
• 30:14
  And we panic and we do all this crazy shit.
• 30:16
  We do degenerate shit. All the suits are going to do
• 30:19
  crazy degenerate stuff that we can't even imagine.
• 30:22
  Like we're already seeing the early innings of it.
• 30:24
  Vivek is launching an ETF that buys Bitcoin bonds.
• 30:28
  The bonds that are then lent went to micro size.
• 30:31
  Micro size you can buy Bitcoin, while Bitwise is making an ETF
• 30:34
  that buys the Bitcoin company buys the companies that buys the
• 30:37
  Bitcoin. And they're going to do all this
• 30:38
  different stuff on top of all that stuff and collect fees and
• 30:41
  everything. So the degeneracy is going to be
• 30:44
  ridiculous. There's no circuit Breakers,
• 30:47
  people will panic and we'll probably have another 80%
• 30:50
  drawdown at some point. And I would say that would also
• 30:53
  break the definition of super cycle, which is like a we
• 30:57
  wouldn't have like a traditional bear market ish type of
• 30:59
  scenario. If you, by the way, if you know
• 31:01
  how to read between Matt's lines, that sounded a lot to me,
• 31:04
  like he was calling for a $3,000,000 Bitcoin price, you
• 31:07
  know? No price predictions.
• 31:12
  Dude, everyone can't help themselves but but to talk about
• 31:17
  it. But I mean, I agree.
• 31:18
  I agree with Matt 100%. I think, you know, Bitcoin tends
• 31:22
  to do the exact opposite of what everyone expects.
• 31:26
  Everyone, I think is expecting it to the downside.
• 31:29
  You know, we're already 10 days into the year and let's just say
• 31:34
  like, I'm not that happy. You know, it's been pretty lame.
• 31:40
  I think we broke 100K once already.
• 31:44
  But yeah, I mean, I think his reasoning behind it was was on
• 31:47
  point. I mean, look, you have nation
• 31:49
  state FOMO. You have institutional FOMO, you
• 31:54
  have the right the positive regulatory environment with the
• 31:57
  Trump administration coming in. You see how the current
• 32:00
  administration is so scared of that and they're trying to
• 32:03
  sabotage it with the trying to sell $69,000 Sixty 9000 Bitcoin,
• 32:09
  right, 11 days before Trump goes into office.
• 32:12
  I mean, yeah, you, you have a, a perfect situation for an
• 32:16
  explosive blow off top scenario. And again, we have not
• 32:21
  experienced one since 2017. So it's been a very, very long
• 32:27
  time. And because we have not
• 32:29
  experienced one since 2017, I think people forgot or forget
• 32:33
  what that truly feels like. So I'm very excited for it Now
• 32:39
  in regards to the 80% correction, Bitcoins done this
• 32:43
  so many times. But one of the things that I
• 32:45
  think a lot of us agree on, we all have different reasons as to
• 32:49
  why we believe 2020 and 2021 didn't perform the way it did.
• 32:54
  But it seems like the general consensus in the community was
• 32:57
  that that specific cycle was a let down.
• 33:00
  That specific cycle didn't perform the way that we all
• 33:03
  expected it to perform. And I think that this cycle, it
• 33:08
  looks like its current trajectory, looks like it's
• 33:11
  going to be amazing. And again, because it hasn't
• 33:14
  happened for so long, I think not that many people are
• 33:17
  expecting it. Like not that people, not that
• 33:19
  many people remember what that feels like, nor are they
• 33:22
  expecting it. And you have the right
• 33:26
  properties in place, the right environment in place on the
• 33:30
  regulatory level, on a nation state level for it to be
• 33:33
  absolutely explosive. So I do agree with Odell there.
• 33:37
  Now, will we hit $2,000,000 per coin?
• 33:40
  I mean, that sounds absurd. But if I told you in January of
• 33:46
  2017 when the price of Bitcoin just broke 1000, that at the end
• 33:51
  of the year it was going to be at $20,000, you would have given
• 33:55
  me the same response. You would have been like, you're
• 33:58
  crazy. That's that's absurd.
• 34:00
  So I don't know where bitcoins going to end up at the end of
• 34:03
  the year, but like look a 5X from the top or a 3X from the
• 34:09
  top IS300 thousand $500,000 Bitcoin that that's not a lot in
• 34:14
  Bitcoin terms. And everyone has to remember on
• 34:17
  a historic in a historic sense, Bitcoin tends to perform the
• 34:21
  best the year after the halving and that year is this year.
• 34:26
  That year is 2025. Opti straight up your alley,
• 34:29
  bro. Hopium straight in the morning
• 34:31
  coming from Odell himself. Odell tends to be, you know,
• 34:35
  very reserved when it comes to price speculation and all that
• 34:38
  stuff, but I think his logic is very sound and how he got to
• 34:43
  those conclusions. What do you think?
• 34:45
  Yeah, well, first of all, shouts out to American Huddle because I
• 34:48
  also was reading between the lines and it does sound like
• 34:50
  Odell was saying $3,000,000 Bitcoin.
• 34:53
  No, that's yeah, man, I I'm the reigning bullet hard on the
• 34:58
  show. And I've been saying something
• 35:01
  very similar as Matt Odell for I don't even know, probably the
• 35:06
  majority of last year. And we, you know, we dove into
• 35:10
  all of what we thought were the reasons, whether it was the
• 35:13
  China mining ban, whether it was like what Odell was saying with,
• 35:17
  you know, FTX, Celsius block file, all of that fake Bitcoin
• 35:21
  paper, Bitcoin being sold, which was artificially suppressing the
• 35:25
  price. And This is why we probably had
• 35:27
  a lack lackluster bull run in 2021.
• 35:31
  And I've been saying for again for a long time that it, to me,
• 35:35
  it feels like we are going to get like a double pent up demand
• 35:40
  now with this next bull run and potentially this year.
• 35:43
  And, and you know, as much as I do like the Super cycle meme,
• 35:47
  I'm still kind of like I did. I don't think we're there yet.
• 35:50
  But if what Odell is saying does play out, you know, we go to
• 35:55
  something ridiculous like $2,000,000 per coin for a split
• 35:59
  second. And then the bear market comes
• 36:01
  down to like whatever, 400K or something per coin, whatever the
• 36:05
  mass is. Like I am OK with that cycle
• 36:07
  playing out. And it really is licking in the
• 36:10
  past just a normal Bitcoin cycle.
• 36:13
  And so I'm also kind of in the camp that I think the the having
• 36:17
  cycles are still in play. And I think we are going to see
• 36:21
  an incredible blow off top, especially considering all of
• 36:24
  the demand that we're seeing. 2024 was a foundational year
• 36:27
  where institutional capital is able to come into Bitcoin now
• 36:30
  with everything. And we're going to cover some of
• 36:31
  this stuff right now in the in the news segment.
• 36:34
  With all the new ruling and regulation that is potentially
• 36:36
  on the horizon and already in place, it does seem like we're
• 36:40
  going to get a lot of capital, get injected into the Bitcoin
• 36:44
  market just itself. And to me, that just means, you
• 36:47
  know, we'll probably get like a double blow off top, which may
• 36:50
  be the price is going to run to an extraordinary price here.
• 36:55
  And, you know, as a Bitcoiner, you forget how it feels to see
• 37:00
  the Bitcoin price run. And Mike Odell was saying when
• 37:03
  the price does start running and you start to, you know,
• 37:07
  essentially price your net worth in like yachts and houses and
• 37:11
  supercars, that's when you know the blow off top is coming.
• 37:15
  And when you see the price start going to crazy levels, it really
• 37:19
  does feel like it's never coming back down.
• 37:21
  And we haven't felt that in a long time in Bitcoin and with
• 37:24
  everything playing out, whether it's institutional capital.
• 37:27
  Should we pull it up Opti? Should we pull up the psychology
• 37:29
  of Wall Street? I mean, you can, yeah, pull it
• 37:31
  up while I'll rent a little more because I do.
• 37:34
  I do want to hit one more point, but yeah, once the price starts
• 37:37
  running and you you're in Bitcoin, like every morning is
• 37:41
  like Christmas morning and you see the price just keep running
• 37:44
  and you're like, yo, this is absolutely insane.
• 37:47
  And seeing your net worth, you know, double and triple and like
• 37:50
  you get more, you know, more in a day than people make in a
• 37:54
  year. Like it starts to literally blow
• 37:57
  your mind and your psychology starts you, you really start to
• 38:00
  get rewired and like, this is absolutely insane.
• 38:02
  Now the second part before you pull up the chart, Nico, that I
• 38:05
  also want to touch on is what Odell was saying in the end.
• 38:09
  Like I know a lot of Bitcoiners are saying that the shit coin,
• 38:14
  what's it shit coin season or whatever they want to call it,
• 38:16
  like it's never going to happen again.
• 38:18
  I think we're going to see a whole new level of it.
• 38:21
  Like Odell was saying, we're seeing, you know, Wall Street
• 38:24
  come into Bitcoin and the stuff about the vague and the Bitcoin
• 38:28
  bonds and what was it Bitwise? I think buying, you know,
• 38:32
  Bitcoin standard treasury fund or whatever that whatever it was
• 38:37
  that were that they did like it's gonna compound and Wall
• 38:40
  Street is gonna continue to play dumb Wall Street games to
• 38:43
  essentially try to acquire as many fees as possible.
• 38:46
  And I think we're entering in a new round of shit coiner, though
• 38:50
  it might be on top of Bitcoin and it's going to obviously be
• 38:53
  using paper mechanism, traditional financial, you know,
• 38:57
  accounting to to pump these bags.
• 39:00
  And so yes, maybe this shit coin space might not be as pumpy as
• 39:04
  it used to be, but I think we're going to see a whole new round
• 39:07
  from Wall Street because Wall Street can't help themselves.
• 39:09
  And it's going to be very glorious to see Wall Street get
• 39:12
  absolutely wrecked trying to play these games with Bitcoin.
• 39:14
  And like that's going to be the tears that I'm going to be most
• 39:17
  excited for. Really kind of, you know,
• 39:19
  latching on to what our boy Nolan says all the time on his
• 39:22
  old show, the breakup. He just, you know, shouts out to
• 39:25
  Nolan. He just spun up a new which I'm
• 39:27
  super hyped to watch. Bitcoin is going to
• 39:30
  fundamentally break Wall Street and we're going to, in the next
• 39:35
  5-10 years in the Bitcoin industry or rather the Bitcoin
• 39:38
  network itself, prove that the people at Wall Street aren't the
• 39:41
  smartest people in the room and they're going to continue to do
• 39:44
  their degeneracy. They're going to get wrecked.
• 39:46
  There isn't going to be circuit Breakers to save them.
• 39:49
  So we might need one final flush here and it's going to be with
• 39:53
  Wall Street. So, you know, I wouldn't be
• 39:55
  holding shit coins. Obviously, this is simply
• 39:57
  Bitcoin, but we know that Wall Street's going to be playing
• 39:59
  some really degenerate games and they can't help themselves.
• 40:03
  And part of that means that they're going to get wrecked.
• 40:05
  And you know when the water. Seeds, when the tide goes back,
• 40:08
  we're going to see who isn't wearing pants here and all of us
• 40:11
  humble bit corners just stacking, you know, staving,
• 40:14
  staying solvent, acquiring as much Bitcoin, playing the
• 40:18
  accumulation games like we're the ones that are going to win
• 40:20
  while everyone gets crazy. So back to what I was saying.
• 40:23
  When you start pricing your net worth and all this crazy Fiat
• 40:27
  games, that's when you know you should be staying humble and
• 40:29
  stacking as much Bitcoin as possible because that's when
• 40:32
  you're most likely to get wrecked.
• 40:34
  So I don't think we're out of the woods yet.
• 40:35
  It's going to be a crazy 5 to 10 years.
• 40:37
  I think this is going to be a multi decade generational thing.
• 40:40
  But hey, we're in it for the long run.
• 40:42
  Just stay humble, stack sad, stay solvent.
• 40:44
  This is how we win. Absolutely I think that's a
• 40:47
  really, really good point. I also, I dropped a poll guys in
• 40:50
  the YouTube chat right now and I want to pull this up so we can
• 40:55
  talk about it. So guys, at the end of the day,
• 40:58
  you know, we, we look markets. It's a it's psychology, right?
• 41:04
  It's psychology and it's just the way it is and you feel it.
• 41:08
  You feel this, you know, at the tops, you feel this at the
• 41:11
  bottoms, you feel the full despair.
• 41:14
  Let me know where you guys think we are.
• 41:16
  I I, I dropped it. I said, where are we in the
• 41:19
  Bitcoin cycle? Are we at disbelief?
• 41:21
  Are we at hope? Are we at optimism?
• 41:22
  Are we belief? And I pull up the chart so it
• 41:26
  shows you kind of, you know, where everything is, right?
• 41:29
  There's capitulation, there's anger, there's depression,
• 41:32
  right? And and again, if you've been in
• 41:34
  Bitcoin long enough, you have felt every single one of these
• 41:38
  emotions, right? It's all part of it.
• 41:40
  But I'll tell you what I do not I opti.
• 41:43
  Let me ask you, like, do you feel belief?
• 41:47
  Have you felt belief? Belief yet?
• 41:49
  I have not felt belief yet. No.
• 41:50
  Optimism. Kind of.
• 41:52
  Kind of. I think we're in the like hope
• 41:54
  and we're about to hit the optimism like it this.
• 41:58
  It really feels like we're at the but.
• 42:00
  It's a point where it's like it's a finicky hope.
• 42:02
  Yeah, it's I'm. Starting to feel the like I I've
• 42:05
  yet to see, especially since we haven't broken past 100 Ki have
• 42:08
  yet to feel the like this rally's real moment.
• 42:11
  And so I think we're like, you know, at that consolidation
• 42:14
  before the optimism pump. So yeah, I I would say that's
• 42:19
  where we're at. It's it's like a finicky hope.
• 42:22
  Let us know in the in the live chat guys what you think right
• 42:25
  now, 57 of you guys, 58 of you guys voted the vast majority.
• 42:30
  No, not the vast majority. It's tied between 34% of people
• 42:34
  think it's hope, 37% of people think it's optimism.
• 42:39
  So it seems like they agree with us, Opti.
• 42:41
  It's between the hope and optimism stage is where a lot of
• 42:45
  people think we are. I don't think we're even close
• 42:48
  to belief. We're not close to thrill.
• 42:51
  I haven't felt euphoria. I'm I'm basically dead inside
• 42:54
  metaphorically. I haven't felt that like in a
• 42:57
  very, very long time, at least since 2021 and it was cut short.
• 43:02
  2021 was a was a big let down. So anyways, let us know in the
• 43:05
  chat where you guys believe we're at.
• 43:08
  But guys, we're going to hit the news.
• 43:09
  We have tons to talk about today, specifically the news
• 43:13
  Standard Charter debuts crypto services in Europe with new
• 43:18
  license and they talk about offering custody.
• 43:23
  Now, if you guys don't remember, one of the things that Michael
• 43:26
  Saylor said needed to happen in order for Bitcoin to hit
• 43:30
  $5,000,000 per coin was for banks to be able to custody
• 43:36
  Bitcoin. So it seems like that's moving
• 43:39
  ahead, full steam ahead. So we're going to cover that
• 43:41
  news. We'll be right back.
• 43:43
  We're going to hit the news. I want to give a very special
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• 46:06
  Anyways, I have a special treat for you guys other than Opti.
• 46:12
  I have a video, and essentially it's the video of Michael Saylor
• 46:18
  explaining the three catalysts that need to happen in order for
• 46:22
  Bitcoin to hit $5,000,000 per coin.
• 46:25
  Let me put it at 1.2 times the speed because it's a little bit
• 46:29
  slow. There we go.
• 46:30
  Let's play it and then we're going to talk about it.
• 46:33
  I think there's three things. Look, first of all, it's going
• 46:35
  up by a factor of 10. Why do they fix any of the
• 46:37
  stuff, right? It's going to go a lot.
• 46:38
  It's going to be a grind up by a factor of 10 just because gold
• 46:41
  is broken and the coins going to replace gold and now everybody
• 46:45
  in the universe knows they need a non sovereign store of value
• 46:47
  in the form of a bearer instrument.
• 46:49
  So now they're looking the amount of stories for last year.
• 46:53
  People said inflation may be coming, we're not sure.
• 46:55
  Now the mainstream narrative is flipped to inflation is here,
• 46:57
  you need inflation hedge. So it's going to grind up to
• 47:00
  replace gold. It'll go to $500,000 a coin
• 47:02
  regardless of whether they fix these things.
• 47:04
  But there are three things that are massive catalyst that cause
• 47:07
  an acceleration. And I don't think that those
• 47:10
  three things don't take us to 500,000, they take us to 5
• 47:12
  million a coin, right? Those three things are a spot
• 47:16
  ETF where someone can go ahead and buy $100 million of Bitcoin
• 47:19
  by a security, an ETF security. I think that's 1/2 is your bank
• 47:24
  is going to custody it for you and lend against it.
• 47:27
  And three is I can mark it up or mark it down on my balance sheet
• 47:32
  based on fair value. Para pursue, it'll be para
• 47:35
  pursue to the way I'd handle Apple stock or at least that
• 47:37
  good if it's if you have property with fair value
• 47:40
  accounting by the way, it becomes parapusu to the way
• 47:44
  you'd handle Treasury bonds on a Treasury balance sheet.
• 47:47
  Treasuries are better than stocks because Treasury is
• 47:50
  property, whereas the stock is a security and you're tapped out
• 47:53
  at 40% of your balance sheet is security.
• 47:55
  So, so it would be a major, major breakthrough if you saw
• 47:59
  any of those three things. And I'll end with this one
• 48:02
  observation I tweeted this last week.
• 48:03
  But I still, I think it's very powerful.
• 48:05
  It's if the banks can hold this stuff on their balance sheet,
• 48:08
  then a whole new class of investors are going to buy it.
• 48:11
  People are going to put in billion and multi billion dollar
• 48:13
  orders to buy it as a treasury asset.
• 48:15
  Nobody's going to sell it because, because there's no
• 48:17
  reason to sell it if you can borrow against it at Libor plus
• 48:20
  art sulfur plus 50 basis points, right?
• 48:24
  So you'll be, you'll be boring against Bitcoin.
• 48:25
  It's so for plus 50 or so, for plus 100 basis points, no one's
• 48:28
  ever going to sell it. And then as I joked, you won't
• 48:31
  be able to afford it. I mean, you will be able to
• 48:32
  afford it, but you know, everybody gets Bitcoin at the
• 48:34
  price they deserve when the banks normalize it and you can
• 48:37
  draw $100 million credit line at 100 basis points from an FDIC
• 48:41
  insured bank at that point, right?
• 48:44
  We're going to blow through the market cap of gold by a factor
• 48:46
  of 10, right? So I, you know, I think the best
• 48:49
  thing is those three things are highly likely to happen.
• 48:52
  I don't know if they happened in 36 months or 24 months or 12
• 48:54
  months, but I would be shocked if it's more than 36 months.
• 48:57
  And I hope, guys, I hope it doesn't happen in 12 months,
• 49:01
  because my view is the longer it takes, the more progressive the
• 49:04
  grind, the more time I have to buy more of it.
• 49:07
  So he was 100. What was the date on this?
• 49:12
  Wasn't this? 20 dude it was 2022 bro.
• 49:15
  I wish I brought microstrategies.
• 49:17
  I don't know what I was thinking, dude.
• 49:18
  Like, come on now. OK, so let's break it down for
• 49:23
  anyone. Let's, let's weave it back in.
• 49:25
  Let's, let's lame the three. Let's name the three points #1
• 49:28
  change in the fasby accounting rules so that it could properly
• 49:32
  reflect, you know, on, on, on, on on a company's balance sheet,
• 49:37
  the the benefits of Bitcoin accounting wise #2 the approval
• 49:41
  of a spot Bitcoin ETF and #3 the ability for banks to custody
• 49:46
  Bitcoin. First, two things have already
• 49:50
  happened. Those things have already come
• 49:52
  to fruition. Remember in the beginning of
• 49:54
  last year, January 10th of 2024. Literally a year ago.
• 49:59
  Literally a year ago or a year ago tomorrow the approval of the
• 50:03
  spot Bitcoin ETF, but Gary Genzer was like grinding his
• 50:06
  teeth in the process also the change in the fasbi accounting
• 50:10
  rules. I'll, I'll read you some of the
• 50:12
  details here. The, the financial accounting
• 50:15
  standards boards issued new accounting rules for crypto
• 50:19
  assets in December of 2023, which will take effect for
• 50:22
  fiscal years beginning after December 15th, 2024.
• 50:28
  So this just came into effect, right?
• 50:31
  And then the reason I wanted to cover this topic today is
• 50:35
  Standard Chartered debuts crypto services in Europe with new
• 50:39
  license Now goes on to say Standard Chartered, one of the
• 50:42
  world's largest banks, is debuting cryptocurrency services
• 50:46
  in Europe after obtaining a digital asset license in
• 50:49
  Luxembourg. The bank announced on January
• 50:52
  9th that it is establishing a new entity in Luxembourg to act
• 50:57
  as its European Union regulatory entry point for offering crypto
• 51:01
  and digital asset custody services.
• 51:06
  I'm going to say that again. The bank announced on January
• 51:11
  9th that is establishing a new entity in Luxembourg to act as
• 51:15
  its European Union regulatory entry point for offering crypto
• 51:20
  and digital asset custody services.
• 51:25
  So one of the largest banks, the TLDR, one of the largest banks
• 51:29
  in the world has just announced today that they're offering
• 51:34
  custody services. And that was the third thing,
• 51:40
  the third catalyst that Michael Saylor said needed to happen in
• 51:45
  order for Bitcoin to hit $5,000,000 per coin and actually
• 51:49
  10X the market cap of gold. Now, the reason that this is so,
• 51:54
  this is such a big deal is because again, banks need to
• 51:58
  have this ability in order for people to effectively use
• 52:02
  Bitcoin as collateral. Because at the end of the day,
• 52:05
  Bitcoin is the best collateral ever on the face of the planet.
• 52:09
  It's superior to gold, it's superior to real estate because
• 52:13
  it's physical characteristics. You could send it anywhere
• 52:16
  immediately, anywhere around the world.
• 52:18
  You can verify the custody of it.
• 52:21
  You can verify that it's real. Like imagine verifying gold, you
• 52:25
  know, like how do you verify the authenticity of gold?
• 52:28
  You have to literally open up the gold bar and make sure that
• 52:31
  there isn't tungsten inside, right?
• 52:33
  So, yes, I mean, this is massive.
• 52:36
  This is huge. And to connect the dots with
• 52:39
  what Odell was saying earlier on the show when we played you guys
• 52:43
  that clip, this is what he was talking about.
• 52:45
  Like all bets are off. When Wall Street and Tradfi come
• 52:49
  in here and they start getting a taste of number go up
• 52:53
  technology. I think things are going to go
• 52:55
  absolutely crazy and they already are going absolutely
• 52:59
  crazy. So bullish news overall.
• 53:02
  Standard Chartered Bank announces that they are
• 53:06
  releasing custody services in Europe with a license.
• 53:10
  Everything checking all the regulatory check box.
• 53:15
  Now, of course, is this good for the revolution?
• 53:17
  Not necessarily the revolution, individuals taking Bitcoin into
• 53:20
  self custody. But regardless, from a number go
• 53:24
  up perspective, I think this is incredibly, incredibly bullish
• 53:28
  news. Opti, what's your opinion?
• 53:30
  Yeah. Well, also let's not forget that
• 53:33
  BNY Mellon also got approval in the States.
• 53:35
  So now we have it on, you know, both sides of the Atlantic that
• 53:39
  there are banks that are now essentially going to be able to
• 53:42
  custody that Bitcoin. Now, personally, I would not
• 53:45
  trust the bank to custody my Bitcoin, but I do understand
• 53:48
  that for a lot of people out there, they still have some
• 53:52
  semblance of trust in these institutions.
• 53:54
  And so that is going to allow for a lot of capital to start to
• 53:58
  flow into Bitcoin because of these quote, you know,
• 54:00
  safeguards out there. And so it is obviously very
• 54:04
  bullish in regards to price. It does seem like Bitcoin is
• 54:07
  maturing. It's starting to saturate all of
• 54:09
  Tradfi and you know, quoting something that I said, I think
• 54:12
  it was last week or maybe the beginning of this week, is that
• 54:16
  to have Bitcoin fundamentally take over the world, we do have
• 54:20
  to use all of the traditional financial technology that is out
• 54:24
  there. And that's how Bitcoin
• 54:26
  completely wins. And so as much as a Bitcoin, I'm
• 54:29
  a purist where I'm like, you should be holding your Bitcoin
• 54:31
  in personal custody. I do understand the need for
• 54:35
  using all of the tools available to us from the traditional
• 54:38
  financial sector to help proliferate and push the
• 54:42
  adoption of Bitcoin. So as much as I wouldn't be
• 54:45
  using banks, obviously this is one of those developments that
• 54:48
  I've been saying with is further proof that Bitcoin is maturing.
• 54:52
  2024 seemed to be the year where we put the foundational bricks
• 54:55
  down so that now, you know, Bitcoin is, is thoroughly
• 54:59
  saturating popular culture. And I think 2025, as we do see
• 55:03
  the price start to run, I think it's going to be very hard to
• 55:06
  ignore Bitcoin. It's going I, I really do feel
• 55:08
  like we're going to see that 2017 type bull run and the FOMO
• 55:13
  that we're going to see is kind of going, you know, harkening
• 55:16
  back to what Odell was saying in the beginning of the show.
• 55:19
  Maybe we do see some crazy, you know, 7 figure prices in
• 55:24
  Bitcoin, even if it's just for a moment.
• 55:26
  And I, I do think that retail is going to come back very strong
• 55:30
  in the Bitcoin once all of this FUD is really put the rest
• 55:34
  because as we've been showing it, especially on this show
• 55:36
  today, the, the powers that be are starting to lose control of
• 55:41
  not only the economy, but the narrative here.
• 55:44
  And hey, if it does come out and show that the, the Biden
• 55:48
  minister sold all that Bitcoin and yet they're sabotaging us a
• 55:52
  potential to pay back the debt, I think people, I think more
• 55:56
  people are going to wake up. And so yes, I think this is a
• 55:58
  great development. Obviously, I'm not, I'm not the
• 56:01
  biggest fan of banks, but hey, we knew this was going to happen
• 56:04
  eventually, but it's still more important than ever for all of
• 56:07
  us to take Bitcoin into custody, continue to run those, etcetera.
• 56:11
  But in regards to kind of one thing Odell was also saying in
• 56:14
  the beginning, I think one of the bigger stories that for us
• 56:17
  Bitcoiners is old news at this point is just how big of a bad
• 56:21
  impact or rather negative impact the FTX, you know, Sam Bakeman
• 56:25
  freed moment had on the industry.
• 56:27
  And we're still kind of getting out of that.
• 56:29
  And so, hey, you know, as much as we don't trust banks, there's
• 56:32
  still people that do trust banks.
• 56:33
  And I'm sure they'd much rather trust a bank than a SPF
• 56:37
  character to hold their wealth. So this is seemingly a good
• 56:41
  development in the Bitcoin space.
• 56:43
  I'm sure we will see some other banks follow soon or or maybe
• 56:47
  you know, the the powers that be.
• 56:48
  We are picking winners and choosers still.
• 56:50
  But it's looking like, you know, in 11 days, well, we will see
• 56:54
  some clarity. Obviously, it won't happen day
• 56:56
  one here. But I think if Trump does is if
• 57:00
  Trump is able to get into office first and foremost.
• 57:04
  We'll. We'll see some crazy stuff, some
• 57:07
  crazy stuff happen right now, especially when you consider
• 57:09
  what's going on in the macro landscape, You know, the
• 57:13
  treasuries aren't looking very strong right now and people are
• 57:16
  trying to move away from treasuries.
• 57:17
  So people are looking for an alternative and I know a lot of
• 57:20
  people, we even have people in the chat that say it all the
• 57:22
  time. It's like we're going back to a
• 57:24
  gold standard and it's like okay bro, like happening.
• 57:29
  And to me it's going to go to Bitcoin.
• 57:32
  So, hey, you can make your bet and go into gold and keep your
• 57:36
  purchasing power level for, you know, the next 20 years if you
• 57:39
  want, or you can follow the wave and remember the, the report
• 57:43
  from Fidelity, obviously now Fidelity is kind of like a
• 57:46
  Bitcoin company and now they, they have the whole digital
• 57:48
  asset wing. So maybe maybe it is a little
• 57:51
  biased, but I really like the, the part of the report where it
• 57:55
  says like, yeah, you're not late to Bitcoin, you're just early to
• 57:58
  a new era. And this is where we are right
• 58:00
  now. So hey, you know, have fun with
• 58:02
  your pet rock, AKA a yellow rock, and we'll have fun playing
• 58:06
  with our Bitcoin. So hey, like the bets are on.
• 58:09
  Let's go. Yeah, absolutely.
• 58:11
  Opti's on effing fire today. All right, ladies and gentlemen,
• 58:15
  stay tuned. We have a lot to cover.
• 58:17
  We'll be right back. We're going to hit the culture.
• 58:19
  I don't even know what Opti's going to cover today, so I'm
• 58:21
  excited. I want to give a shout out to
• 58:25
  our sponsor Hive Digital Technologies.
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  hivedigitaltech.com. I totally just cut opti off I.
• 59:14
  Apologize, I was just going to tease.
• 59:17
  It he cuts me off all the time so.
• 59:20
  Speaking of, Speaking of. Sorry, not sorry guys.
• 59:25
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  All right, everybody, Opti. Let's not pull this up yet.
• 1:00:58
  What do you have for us today? Yeah, so shout out the wine that
• 1:01:01
  gives. He's trolling us in the chat.
• 1:01:03
  Shouts out to you bro crack it up okay okay guys well look it's
• 1:01:09
  the new year you know we're in 2025 we haven't had a chance to
• 1:01:13
  kind of talk about you know not not like self helpy here but
• 1:01:17
  some goals for 2025. Obviously, everyone likes to set
• 1:01:20
  goals for 2025 and so today shout out to my boy Mitchell
• 1:01:25
  Hoddle Zoomer out there absolute go I I love his work and I'm
• 1:01:30
  really going to just kind of steal his ideas here.
• 1:01:33
  So I'm crediting Mitchell Hoddle here completely on today's
• 1:01:37
  culture, but I think it's a great framework considering that
• 1:01:41
  every Bitcoin has the stacking goals.
• 1:01:43
  We all want a stacking goal, you know, and as the price starts
• 1:01:47
  running, I think it's, it's very important to I, I wouldn't say
• 1:01:52
  be realistic because I want you guys to, to strive for
• 1:01:56
  excellence, strive for vitality, you know, with, with some, some
• 1:02:00
  willpower, get to your goals. And obviously the goal we've
• 1:02:03
  always been talking about here for a long time on simply
• 1:02:06
  Bitcoin is just try to acquire one Bitcoin.
• 1:02:08
  And when Nico and I kind of got into Bitcoin, we had our boy
• 1:02:11
  American Hodo being like get to 6.15 Bitcoin and that was out of
• 1:02:14
  the reach for a lot of people. And so shouts out to Mitchell
• 1:02:17
  Hodo. I'm gonna pull up his tweet now
• 1:02:19
  because he is, I, I think might be hitting on a trend here.
• 1:02:24
  So again, at Mitchell Hoddle on Twitter, I'm gonna read his
• 1:02:27
  tweet and then we'll kind of talk about it.
• 1:02:29
  Considering we are in the new year, people are setting New
• 1:02:31
  Year's goals. I'm sure as a Bitcoiner, you're
• 1:02:34
  setting stacking goals and you should be thinking about your
• 1:02:37
  finances moving into 2025 and make sure that you stick to
• 1:02:40
  these because as the price of Bitcoin gets crazy, we want you
• 1:02:44
  guys to stay solvent, stay humble stacks.
• 1:02:45
  That's all that good thing. Anyways, Mitchell Harto isn't
• 1:02:48
  the only one thinking about this, but he is able to put this
• 1:02:50
  in this tweet that that I, I think is really great.
• 1:02:53
  So I'm gonna, I'm gonna jump off the work here for Mitchell
• 1:02:55
  Harto. All credits to Mitchell He goes.
• 1:02:57
  I've been thinking about I've been thinking about this a lot
• 1:03:00
  recently. How much Bitcoin is enough?
• 1:03:02
  Of course, American huddle in our day called for 6.15 British
• 1:03:06
  huddle all of last year was calling for one Bitcoin.
• 1:03:09
  Now for most people, the 6.15 train is probably gone,
• 1:03:12
  including a lot of single digit millionaire boomers out there.
• 1:03:16
  So getting to 1 Bitcoin is still possible for the paper wealthy
• 1:03:19
  boomers if they're willing to like he lock or take an early
• 1:03:22
  withdrawal penalty on the retirement account.
• 1:03:25
  But if they haven't already begun stacking by now, they are
• 1:03:27
  likely too much of A coward to run off the Tran 5 plantation in
• 1:03:31
  such a big way. So it begs the question, what
• 1:03:34
  should the universal stacking goal be for the class of 2025?
• 1:03:37
  Obviously, it's a new class, a new era.
• 1:03:40
  More people are going to join in the Bitcoin.
• 1:03:42
  And if you start saying, you know, get the 6.15 or one in
• 1:03:46
  Bitcoin, maybe it turns people off.
• 1:03:47
  But personally, that makes me want to stack more Bitcoin.
• 1:03:50
  And, and that's the whole point here.
• 1:03:52
  So what if you're a young person just starting your career?
• 1:03:55
  What if you haven't had decades to accumulate assets that could
• 1:03:57
  be reallocated to Bitcoin? What if you work a quote normal
• 1:04:00
  job, have bills to pay, kids to feed, and minimal surplus
• 1:04:03
  income? If you just got Bitcoin within
• 1:04:05
  the last year, stacking 100 million SAT's one whole Bitcoin
• 1:04:09
  is an impossible task if you're starting from zero, especially
• 1:04:12
  as this thing continues to run up, which we expect it to do
• 1:04:16
  this year in 2025. So what are you to do?
• 1:04:19
  And this is I think the crazy part.
• 1:04:20
  Whereas the longer you are in Bitcoin, the more you realize
• 1:04:24
  that the stack you have currently might be in an
• 1:04:27
  astronomical amount of wealth moving forward.
• 1:04:30
  And so Mitchell Harto is putting, you know, speculating
• 1:04:32
  here. And so what's the new number?
• 1:04:34
  What number should you try to acquire in Bitcoin if you are
• 1:04:37
  new to Bitcoin? And he says just .33 Bitcoin or
• 1:04:40
  33 million sets or 1/3 of a coin At 100K Bitcoin, this is roughly
• 1:04:46
  $33,000 worth of Bitcoin. And the median net worth for an
• 1:04:49
  American in their 30s is about $35,000.
• 1:04:53
  So safe to assume most of that isn't liquid.
• 1:04:56
  But boldly assuming they have 10K lying around, they can smash
• 1:05:00
  by and get themselves their first 10 million sats or .1
• 1:05:03
  Bitcoin or a 10th of a coin. And if they bring in 45 KA year
• 1:05:08
  after tax and aggressively stacked with half of their
• 1:05:10
  income, they should be able to call their way to a 33 million
• 1:05:13
  sats or 1/3 of a Bitcoin over the next few years as the
• 1:05:16
  Bitcoin price rips higher into the six figure territory.
• 1:05:20
  Now this is where the interesting stuff happens.
• 1:05:23
  Let's do some napkin math. There's going to be, you know,
• 1:05:26
  essentially hard cap 21 million Bitcoin, but when you look at
• 1:05:29
  how much lost Bitcoin is out there, how much Bitcoin is held
• 1:05:32
  in strong hands, the mass starts getting crazy.
• 1:05:35
  So there's a million Bitcoin, which is the Satoshi coins,
• 1:05:38
  there's roughly about 5 million Bitcoin that are lost and that
• 1:05:42
  might be a lowball estimate. And then there's 5 million
• 1:05:45
  Bitcoin that are perma huddled, which is, you know, in strong
• 1:05:48
  hands. Now you're down to about 10
• 1:05:50
  million Bitcoin. Now the US government has
• 1:05:53
  200,000. Maybe it's less now you know,
• 1:05:56
  China has about, I forget what the number is like 175,000
• 1:05:59
  Bitcoin. So I expect Trump will pad an
• 1:06:02
  SBR up to a nice clean 1,000,000, but we'll go with
• 1:06:05
  this for now. So well, that's still
• 1:06:08
  speculation, but 500,000 for micro strategy, 1.1 million
• 1:06:12
  Bitcoin in the ETS and obviously those keep climbing.
• 1:06:16
  So now we're looking at roughly maybe, you know, 8.2 million
• 1:06:20
  Bitcoin that are realistically available.
• 1:06:22
  So for 8 billion people on the earth to compete for 8.2 million
• 1:06:27
  Bitcoin, that's about .001 Bitcoin, which is 100,000 sets.
• 1:06:32
  So the math starts going down. You're like, yo, this is getting
• 1:06:35
  crazy. So having a third of a Bitcoin
• 1:06:37
  will put you more than 300 times above the average.
• 1:06:41
  And moreover, if we reach sat down parity in real terms, this
• 1:06:44
  would be $3.3 million in purchasing power and not for a
• 1:06:48
  modest retirement. Now, the point is, try to get as
• 1:06:51
  many sets as possible. But if you're young, if you're a
• 1:06:53
  new listener, if you're, you know, barely getting into
• 1:06:56
  Bitcoin, dipping your toes into Bitcoin, maybe 1/3 of a Bitcoin
• 1:06:59
  is a decent goal for 2025. Now, of course, we highly
• 1:07:05
  recommend that you just try to stack as much Bitcoin as
• 1:07:09
  possible. This is the goal.
• 1:07:10
  I really do think we should strive for excellence here.
• 1:07:13
  So if you do have the possibility of getting to 1
• 1:07:17
  Bitcoin, maybe you don't do it all in one year, Maybe that's
• 1:07:20
  over, you know, a lifetime. Maybe that's in the next bear
• 1:07:23
  market. Who knows what's going on.
• 1:07:25
  But while I was kind of thinking about this, obviously if 2025
• 1:07:29
  people are setting their goals, usually their goals are like go
• 1:07:31
  to the gym, you know, get fit, which I was trolling Nico about
• 1:07:35
  earlier, but there should be financial goals right now.
• 1:07:38
  And I think we all need to set some financial goals.
• 1:07:41
  And I think if you're new here, 1/3 of a Bitcoin might be it,
• 1:07:44
  you know, it might be something you can do.
• 1:07:47
  And again, while I was thinking about this, I was kind of
• 1:07:49
  inspired by Nikko's story, not the docs, Nikko's story the
• 1:07:52
  whole time. Nikko's talked about it a lot.
• 1:07:55
  But in 2016, you know, when Nikko got into Bitcoin,
• 1:07:59
  basically starting from zero, sleeping on friends, couches,
• 1:08:02
  doing whatever he can to stack Bitcoin.
• 1:08:04
  If you're a young buck, you know, maybe under 30, maybe if
• 1:08:08
  you're hitting thirty, you shouldn't probably do this.
• 1:08:10
  But like in your mid 20s, maybe you should be doing something
• 1:08:13
  similar. Like, it might not be glorious
• 1:08:16
  right now, but like moving in with your parents, living on
• 1:08:18
  your friend's couch, stacking as much Bitcoin as possible, taking
• 1:08:22
  on a second job, door Dashing, Uber and whatever you got to do
• 1:08:26
  right now, it's not the time to take the foot off.
• 1:08:28
  Yeah, you take your foot off the gas pedal.
• 1:08:30
  Because even when I got it in 2017, and I'm sure Nico feels
• 1:08:33
  the same way, like, you know, we, we did as much as we could
• 1:08:37
  at the moment, but in hindsight, we're still thinking like, man,
• 1:08:40
  I could have probably gone harder.
• 1:08:42
  Like I could have definitely gone harder.
• 1:08:44
  And so for everyone out there, it's really just, you know, this
• 1:08:48
  is one of those moments where I want you guys to strive for
• 1:08:51
  excellence. So doesn't matter what your
• 1:08:53
  holdings are right now, this isn't about, you know, pocket
• 1:08:56
  watching other Bitcoiners. This is about your personal
• 1:08:59
  finances. What can you accomplish in 2025
• 1:09:02
  and where is your stack right now?
• 1:09:05
  And how much are you willing to sacrifice to live a better life
• 1:09:07
  in five to 10 years? And I think we should all
• 1:09:10
  continue to do this even if we do have Bitcoin already, even if
• 1:09:13
  we have a decent stack and we're OK with our stack, I think we
• 1:09:16
  should all kind of focus on let's get our cash flow up for
• 1:09:20
  2025. Let's make sure that the simply
• 1:09:23
  Bitcoin audience out there is the richest audience period.
• 1:09:27
  And we are at the peak of excellent, a peak of human
• 1:09:30
  excellence here. So I don't know, I, I'm going to
• 1:09:33
  give all of the credit to Mitchell Hoddle shouts out to
• 1:09:36
  him. I'm kind of just jumping off the
• 1:09:38
  back of his work. You know, I'm basically stealing
• 1:09:41
  his work here today. But I was thinking about this
• 1:09:43
  exact thing and like, OK, it's 2025.
• 1:09:46
  Maybe maybe, you know, we got to put the put the gas or put your
• 1:09:50
  foot on the pedal and try to stack as much as possible, get
• 1:09:52
  our cash flows up. Maybe there's a chance for us to
• 1:09:55
  acquire more Bitcoin than we thought.
• 1:09:57
  If we do enter a bear market, you know, if we just do a slow
• 1:10:01
  grind up forever, then just do what you can.
• 1:10:05
  But if 2025 is a crazy parabolic year and we do return to maybe
• 1:10:10
  this level or the mid 6 figures, I just don't want you guys to
• 1:10:14
  feel like you could have done more.
• 1:10:15
  This is this is a time like this is a time where you can change
• 1:10:18
  literally the trajectory of your entire bloodline.
• 1:10:21
  Take this moment very seriously. This is a very important moment
• 1:10:25
  in the history of humanity. And you're on the front lines,
• 1:10:28
  man. Let let's not let's not be,
• 1:10:30
  let's not be OK with being average here at simply Bitcoin.
• 1:10:33
  Keep stacking. You know, it's very interesting,
• 1:10:36
  Nika, and this is where I'll pass it off to you.
• 1:10:38
  It is so, so interesting. And we always do the how Which
• 1:10:42
  Bitcoin do you need to retire? 1 You guys yell at us
• 1:10:44
  constantly, but it is interesting you guys love.
• 1:10:47
  That episode it gets numbers every time.
• 1:10:49
  And it's funny how the number just keeps going down.
• 1:10:51
  Like 6.15 was attainable for a lot of us in 2017.
• 1:10:55
  One Bitcoin was attainable for a lot of us going up into 2025.
• 1:10:59
  Now we're seeing 2025 like with 100K Bitcoin. 100K is a lot of
• 1:11:04
  money for many people, especially when you consider the
• 1:11:07
  the the average the national average.
• 1:11:09
  In the US in particular, which is one of the wealthiest nations
• 1:11:12
  in the world, most people barely have $10,000 saved.
• 1:11:15
  Most people can barely pay for a $400.00 emergency.
• 1:11:19
  So savings is how you basically secure and make society more
• 1:11:25
  prosperous. Guys do not get caught in these
• 1:11:27
  memes of like oh you're hoarding these bitcoins you're a bad
• 1:11:31
  person. It's like no savings is how we
• 1:11:33
  built society. Continue to save, double down on
• 1:11:36
  your saving, make some sacrifices this year and keep
• 1:11:39
  stacking. Anyways, I'm done ran I I I feel
• 1:11:43
  good New Year's. I'm feeling Nico, I told you
• 1:11:46
  this morning I'm like jacked up this more than usual today and I
• 1:11:48
  only drink 2 cups of coffee. So I don't know I'm I'm I'm got
• 1:11:52
  a new supplement regimen. Your boys fired up today, but
• 1:11:55
  Nico, what's his thoughts? Mitchell Hoddle 33 million stats
• 1:11:58
  1/3 of a Bitcoin. It seems like our goals here at
• 1:12:02
  as Stackers are just slowly but surely going down because, hey,
• 1:12:06
  you know, Jeff Booth meme here. Like as as Bitcoin goes up, the
• 1:12:10
  world should get cheaper. And if you're living on the
• 1:12:11
  Bitcoin standard, your life gets cheaper.
• 1:12:14
  It's such a life hack. It's absolutely incredible.
• 1:12:18
  Yeah, so I mean, first of all, you absolutely crushed it.
• 1:12:22
  And you know, I think it's, it's important to, to, it's important
• 1:12:29
  to kind of zoom out when in doubt, right?
• 1:12:32
  Like when I got into Bitcoin, you know, I felt like I was
• 1:12:38
  really late. I think the first coin I got was
• 1:12:41
  I got $700.00 or something like that, roughly around that area.
• 1:12:46
  And I was, and I knew people that got Bitcoin was like $100
• 1:12:49
  or like $10. And I felt like I was super
• 1:12:52
  late. But at the time I was pretty, I
• 1:12:55
  was somewhat young. I was like 2320222324 around
• 1:13:00
  that that age group. And I remember I did everything
• 1:13:05
  in my power to accumulate as much Bitcoin as humanly
• 1:13:10
  possible. So like I was putting like 80%
• 1:13:14
  of my income into Bitcoin and I, I really, really didn't do it
• 1:13:20
  for revolutionary reasons or whatever.
• 1:13:22
  I did it because I, I was desperate and I hated my
• 1:13:25
  situation and I did that for like, or like really, really
• 1:13:32
  like wake up in sweats, like thinking about, you know, what
• 1:13:36
  can I do? I was, I was working in real
• 1:13:39
  estate, you know, I was doing like basically everything in my
• 1:13:45
  in, in my power to like figure out, you know, how to mine more
• 1:13:52
  Fiat so I could buy more Bitcoin.
• 1:13:55
  And, you know, looking back, it was one of the best decisions
• 1:14:01
  I've ever made in my life financially.
• 1:14:04
  And you know, I got so much outside pressure at the time.
• 1:14:08
  It was like, go back to school or like do this job or like work
• 1:14:13
  the corporate ladder and like all that stuff.
• 1:14:15
  But I don't know what it was. I just, I just, I was like,
• 1:14:19
  Bitcoin is my way out, right? And I still think that same
• 1:14:24
  opportunity exists today. If, you know, if you're a young
• 1:14:29
  buck, like if you're just starting out, you know, you're
• 1:14:32
  hungry, you're in your 20s, early 20s, mid 20s.
• 1:14:37
  And you know, again, this is my 9th year.
• 1:14:41
  Holy shit. Dude, Boomer confirmed.
• 1:14:44
  Like. Nine years, dude.
• 1:14:46
  Like God damn. It's, it's, it's, it's pretty
• 1:14:52
  crazy, you know, but when I started, I, I was, I was broke.
• 1:14:56
  Like I, I didn't, you know, like I, I was, I was not in a good
• 1:14:58
  place. And you know, I just, I just
• 1:15:02
  kept going. I just put my head down and I
• 1:15:04
  acquired as much Bitcoin as possible.
• 1:15:06
  And if we're right about Bitcoin, if you think if this
• 1:15:08
  thing's going at $10 million per coin, you know, in 21 years,
• 1:15:12
  like .33 Bitcoin, what Opti is saying, that's three, that's
• 1:15:16
  $3.3 million, right? It's more money than most people
• 1:15:20
  will ever acquired in their, in their entirety of their lives.
• 1:15:26
  So I, I think that's something to keep in mind.
• 1:15:30
  And you know, I hope that like if you're just getting in, if
• 1:15:35
  this is your first cycle, perhaps this is your second
• 1:15:38
  cycle. What I always tell people is it
• 1:15:41
  takes 2 cycles to succeed in Bitcoin.
• 1:15:44
  And the reason I say that is because like the first cycle,
• 1:15:49
  you're probably going to get wrecked, like more than likely.
• 1:15:53
  And then the second, but at the end of the first cycle, so like
• 1:15:57
  four years, you're going to realize you made a good
• 1:15:58
  decision. And then the second cycle, full
• 1:16:02
  cycle, you're going to be relatively wealthier compared to
• 1:16:07
  the people around you, compared to where they're started,
• 1:16:10
  because remember, they're on a Fiat standard.
• 1:16:13
  And 3rd cycle, I don't know. I haven't, I'm not there yet.
• 1:16:15
  So I'll let you know how that ends up.
• 1:16:17
  But yeah, like that's the advice that I give to people is like
• 1:16:23
  plan for the long term. It takes 2 cycles in Bitcoin to
• 1:16:26
  really break free, to really be in a better financial situation
• 1:16:31
  compared to where you started. You don't need tons of capital,
• 1:16:34
  you don't need whatever. You just need to work hard and
• 1:16:38
  save in Bitcoin. Like that extra dinner or that
• 1:16:41
  extra trip could just like you don't need it, like just just
• 1:16:46
  put your head down, work saving Bitcoin and you know, things
• 1:16:52
  just get progressively better over time.
• 1:16:54
  But it's not a get rich quick scheme.
• 1:16:57
  It's not going to make you absurdly wealthy overnight or
• 1:17:00
  like whatever. That's why the all coins have so
• 1:17:03
  much appeal because of their volatility.
• 1:17:05
  But it's like it's a very sure bet to live a very prosperous
• 1:17:11
  life if you have like kind of like long term thinking, right?
• 1:17:17
  So yeah, that's what I would say.
• 1:17:19
  Like Bitcoin is hope. And if you are older, you've
• 1:17:23
  probably had more time to accumulate wealth.
• 1:17:26
  So it's not so much a matter of building from zero, but it's a
• 1:17:30
  matter of reallocating your wealth to Bitcoin because more
• 1:17:35
  than likely Bitcoin is going to outperform any other investment
• 1:17:39
  vehicle, investment asset, maybe except for MicroStrategy.
• 1:17:44
  No Buy Bitcoin, stop being. So, yeah, that's my advice.
• 1:17:55
  That's my advice. And you know, I, I'm very
• 1:17:58
  confident, very confident that, you know, very confident that if
• 1:18:04
  you're starting now, you're a young person or you're older
• 1:18:07
  person, you have wealth, you start saving a Bitcoin,
• 1:18:11
  reallocating those resources to Bitcoin.
• 1:18:13
  You start now. In four years, you're going to
• 1:18:16
  call me or you're going to text me and you're going to be like,
• 1:18:19
  dude, great. I that was fabulous.
• 1:18:22
  And eight years, you're going to be like, Nico, you're a genius.
• 1:18:24
  And I'm going to say, no, I'm not a genius.
• 1:18:27
  I just you, just you, just this bitcoins.
• 1:18:29
  That's what Bitcoin does. Anyways, guys, if you guys
• 1:18:32
  enjoyed the show, make sure to make sure to smash that like
• 1:18:40
  button Subscribe if you feel like we provided you value.
• 1:18:44
  And of course, we'll be back tomorrow for a brand new episode
• 1:18:49
  of Simply Bitcoin Live. Opti's going to be in the host
• 1:18:52
  seat with Chris Alamo tomorrow. So you guys are going to enjoy
• 1:18:55
  the show. I'll see you guys on Monday.
• 1:18:57
  Love you all. I'll see you guys on the next
• 1:19:00
  episode of SBL. Peace out, everybody.
• 1:19:04
  Today's episode was brought to you by bitcoinwell.com, a
• 1:19:08
  Bitcoin only platform on a mission to enable financial
• 1:19:11
  independence.