Latest / Simply Bitcoin / White House LEAK: Trump Using Tariffs To Buy Bitcoin?! | EP 1223

Transcript

White House LEAK: Trump Using Tariffs To Buy Bitcoin?! | EP 1223 · Simply Bitcoin

• 0:00
  Yo, we might have finally exposed one of the reasons for
• 0:03
  Trump's tariff and global trade war.
• 0:07
  Trump wiped trillions of dollars off global markets, But what if
• 0:10
  we told you that part of this plan was to secretly acquire
• 0:15
  more Bitcoin? You heard that right.
• 0:17
  That isn't clickbait. We'll get to the video in just a
• 0:19
  SEC. Today we're going to be
• 0:21
  exploring why we might have all been distracted by this global
• 0:24
  trade war and explain how Bitcoin could be the final move
• 0:27
  in this game of for the chess. Before we jump into the
• 0:31
  discussion, let me play you guys a clip of Bo Hines and Anthony
• 0:35
  Pompliano, where Bo Hines tells Pomp that part of this tariff
• 0:40
  revenue potentially might be used to acquire more Bitcoin.
• 0:43
  Let's check it out. But then I've also seen, let
• 0:46
  Nick and others talk about this idea of, well, maybe there's
• 0:48
  external revenue that we can drive and, and be able to use
• 0:51
  that. So like, how are you guys maybe
• 0:52
  from a framework standpoint, thinking about, OK, what are the
• 0:55
  ways that we could go buy more Bitcoin?
• 0:56
  Well, I think the Senator Lummus has really an interesting idea
• 0:59
  with the Bitcoin Act of 2025, which I know has taken the
• 1:02
  community by storm. But here what you would do is
• 1:04
  you'd revalue the gold certificates that we currently
• 1:07
  have at Treasury, most of which are valued I think around like
• 1:10
  $43.00 an ounce, which is. You know a.
• 1:12
  Lot lower than what it's really worth, correct?
• 1:14
  Yes. And now we're sitting at what,
• 1:15
  $3100.00 an ounce with being the price of gold.
• 1:17
  And if you took that value, what you could do is use that extra
• 1:22
  funding in order to buy more Bitcoin that could be used for
• 1:24
  the reserve. But that's just.
• 1:26
  One idea and you know that's currently circulating its way
• 1:29
  through Capitol Hill and we'll see how many Co sponsors she can
• 1:31
  get and how she can pull her colleagues on board.
• 1:33
  But we're looking at at many creative ways, whether.
• 1:36
  It be from. You know, tariffs, whether it be
• 1:39
  from something else, I mean, there's, there's literally
• 1:41
  countless ways in which you can do this.
• 1:43
  And you know, I'll, I'll defer to, you know, some of our, our
• 1:46
  members inside of the interagency working group to see
• 1:48
  what ideas they come up with inside of their own shops.
• 1:50
  But we'll, we'll look at everything, everything's on the
• 1:52
  table. And like we've said, we want as
• 1:54
  much as we can get. So we're going to make sure that
• 1:56
  no stone is is unturned. So I mean, there you have, you
• 2:03
  have Bo Hines, right? Basically admitting that, hey,
• 2:05
  some of this tariff revenue will be used to acquire more Bitcoin.
• 2:10
  Opti, if you can point everyone in the right direction on
• 2:13
  YouTube, please, it'd be great. We got to we got to get one week
• 2:17
  where everything just goes smoothly.
• 2:19
  That would be nice. But this opens like a larger
• 2:22
  discussion in terms of of what are tariffs, What is the income
• 2:26
  tax? What happened in 1913?
• 2:29
  But before we jump into it, I do want to play you guys a clip of
• 2:32
  President Trump talking about the income tax.
• 2:35
  Let's check it out. Lasaranteles vanarim plazar
• 2:41
  income tax. You know, you're the only one
• 2:43
  that's asked me that. Oh, I deal with all these big
• 2:46
  financial geniuses. Nobody ever.
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  There is a chance that the money from tariffs could be so great
• 2:51
  that it would replace, you know, in the old days, 18, about 1870
• 2:57
  to 1913, the tariffs were the only form of money.
• 3:02
  And that's when our nation was relatively all right.
• 3:08
  So, I mean, he's talking about this period in American history,
• 3:13
  back before the income tax was established in 1913, and the
• 3:19
  goal of the Trump administration.
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  We've heard Howard Lubnik talk about this.
• 3:23
  We've heard Trump talk about this.
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  The goal of the Trump administration is to potentially
• 3:28
  replace the income tax with tariff, tariff revenue.
• 3:32
  Now, I think the question on everybody's mind is, is that
• 3:36
  even humanly possible, right? You know, back back in the day,
• 3:39
  you know, this was between 1789 and 1913, that the federal
• 3:45
  government funded itself this way.
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  And I think the question on everybody's mind was, was this
• 3:51
  possible? Well, it was possible for a
• 3:54
  multitude of reasons. So first of all, back then, the
• 3:58
  government was much smaller. And this I think is, is a larger
• 4:02
  question that I think not as many Bitcoiners are asking
• 4:06
  themselves. And it's like a kind of
• 4:09
  conclusion that I came to this morning.
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  I was, I literally woke up and like some of the first things
• 4:13
  that came to mind was I said modern politics is a popularity
• 4:17
  contest where the winner gains control of the money printer.
• 4:21
  That's the first thing I said. Second thing I said is I'm
• 4:23
  convinced that even with the best intentions, the most and
• 4:27
  the most talented people, shrinking the size of government
• 4:30
  is impossible unless money is fully separated from state.
• 4:33
  And if you think about this right you have Elon Musk.
• 4:37
  The dude literally invented self driving cars and self landing
• 4:40
  rockets in the government and his sole task is to cut
• 4:46
  spending. And look at how much push
• 4:49
  they're literally setting Tesla dealerships on fire, OK?
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  Look at how much pushback he's got.
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  And and you would think right, Like you would think, OK, yeah,
• 4:59
  like we should cut deficit spending inefficient, you know,
• 5:04
  spending inefficient payments. That's probably a good idea, but
• 5:09
  it seems like not everyone, you know, not everyone is on board.
• 5:12
  It seems like everyone is not on board with that idea.
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  And if you think about it from like a very fundamental basic
• 5:18
  level as to why that isn't the case.
• 5:21
  Well, I mean, like, think about it.
• 5:23
  If you have been living your life with access to money,
• 5:28
  printer money, you know, helicopter money, however you
• 5:30
  want to call it, first of all, you'd have kind of a distorted
• 5:35
  view of reality, but also you'd be dependent on it.
• 5:38
  And it's not your fault, I would say.
• 5:40
  Right. So since the establishment of
• 5:43
  the Federal Reserve in 1913, since the establishment of the
• 5:46
  income tax in 1913, it's not a coincidence that they were both
• 5:50
  established on the same year. You've seen the huge increase of
• 5:54
  the role of government in people's lives.
• 5:57
  And I think that's where we need to move the Overton window
• 6:02
  because the question I've been kind of going down this rabbit
• 6:08
  hole as of late, where I am in my Bitcoin journey is not what
• 6:13
  is money, but what is government like, what should be the role of
• 6:18
  government in people's lives. And I think even if Elon pulls
• 6:23
  magic and the Trump administration pulls magic,
• 6:26
  we're just one administration away from all of that being
• 6:29
  reversed. So the end goal here of
• 6:34
  bitcoiners, despite all the wins we've gotten so far, major wins,
• 6:39
  the repeal of SAB 121, you know the end of operation choke .2
• 6:43
  point O, the freedom of Ross olbrich.
• 6:47
  I think we have to keep our eye on the ball and remember why we
• 6:50
  are here. And the reason as to why we are
• 6:53
  here is because we have, we want to end the Fed.
• 6:57
  We want to end the Fed like let's, let's, let's, let's speak
• 7:00
  plainly here. That is our goal.
• 7:03
  That is what we want to do. We want to end central banking.
• 7:06
  We want to end the Federal Reserve.
• 7:08
  And I'll make multiple cases as to why we should do that.
• 7:12
  And remember, this is baked into the genesis block of of Bitcoin.
• 7:16
  It says Chancellor in the brink of the second bailout for bank
• 7:18
  every time they print money. It's a wealthy distribution
• 7:21
  mechanism from the lower middle classes that don't have the
• 7:25
  means to save in assets to the extremely wealthy and to the
• 7:28
  government. It's a racket.
• 7:30
  It's a scheme, right? There's no transparency in the
• 7:34
  central bank's Ledger. The government has the ability
• 7:37
  to create money out of nothing, which misaligns incentives it.
• 7:43
  It becomes a government not by the people for the people.
• 7:46
  It becomes a government by the government for the government.
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  They don't have an incentive to do good by the people because
• 7:52
  their form of revenue is not only income tax, but it's the
• 7:57
  money printer. So you have this vast
• 8:00
  concentration of power in Washington, DC, and you see the
• 8:06
  total enrichment of the political class, and it's become
• 8:09
  incredibly evident. And if you want to know what is
• 8:13
  broken with society, it's that right.
• 8:17
  Larry Leparte just wrote an incredible book called The Big
• 8:19
  Print, and he identifies that the problem in modern society,
• 8:25
  and it all stems from this is inflation.
• 8:27
  It's currency debasement. And we don't feel it as much
• 8:30
  here in the US, But if you live in the global South or you live
• 8:34
  in a developing world, you, you know, you know, like you already
• 8:38
  know this. You already have to live with
• 8:39
  double digit inflation. So Satoshi created a solution to
• 8:44
  this problem and I think as much as we've won over the last, you
• 8:50
  know, six months from a policy and regulatory perspective, I
• 8:54
  think a lot of us have lost the eye on the prize.
• 8:58
  I see a lot of people talk about MSTRI, see a lot of people talk
• 9:01
  about MSTY, and yet the numbers go up.
• 9:04
  It's very bullish. I like those things, but
• 9:07
  remember why we're here. Remember why we're here.
• 9:10
  We used to say this, We used to start the show off with like,
• 9:14
  you know, we'll be your guide through the separation of money
• 9:16
  and state. And I think we, we kind of, you
• 9:21
  know, we've drifted away a little bit as a community from
• 9:24
  that as Bitcoin has become institutionalized, as Bitcoin
• 9:28
  has been accepted not only by Wall Street, but also by DC.
• 9:34
  But I think it's important to keep in mind, what is our goal
• 9:39
  here? It's to fix the money, fix the
• 9:41
  world. And if you want to fix the
• 9:43
  money, you have to, you want to fix the world.
• 9:45
  Bitcoin isn't a commodity. Bitcoin is money, right?
• 9:49
  So anyways, that's just my 2 sats and that's just something
• 9:53
  to keep in mind guys. Like we've had a government in
• 9:57
  the past in the United States where there was no income tax.
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  The government was solely funded by tariffs.
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  The, the government was solely funded by by public land sales
• 10:12
  and taxes on specific items like whiskey and tobacco and all
• 10:16
  that. The income tax is a relatively
• 10:19
  new phenomenon that was established in 1913.
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  And the, you know, the, the goal of this was to create more quote
• 10:30
  UN quote equity in society, to create a social safety net and
• 10:35
  to put it bluntly, to fund wars, right?
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  You know, I love Ron Paul's, you know, quote, right.
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  It's not a coincidence that the bloodiest century in human
• 10:46
  history was also the century of of central banking.
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  So I think Trump has done an incredible job highlighting
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  1913. And there is a campaign speech
• 10:58
  where Elon Musk, you know, went on, he went live and he just
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  started talking about essentially, you know, how the
• 11:05
  Federal Reserve is wasteful and I'll doge is going to cut
• 11:08
  spending. But I, I, I just don't think
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  we're doing enough to really highlight what the issue here
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  is. The issue is the Federal
• 11:15
  Reserve. The issue is central banking.
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  The issue is Fiat money. And this is a relatively new
• 11:21
  phenomenon. People have normalized it, but
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  it's created a situation where our generation, if you're a
• 11:28
  millennial or or genzier, you are significantly poorer than
• 11:34
  our parents. And that's a that's a fact.
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  And you have to identify why that's happening.
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  It's central banking. It's Fiat money.
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  It's it's an unfair to use the words right with the you know,
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  it, it just because you have intentions, you should judge the
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  outcome and not the intention. Central banking has created the
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  most unequitable system you could ever have imagined it.
• 12:01
  It it is one of the primary causes for wealth inequality,
• 12:05
  right? And that was one of the reasons
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  as to why they say we need income tax for this.
• 12:09
  We need, you know, a central bank for this is going to
• 12:11
  stabilize the economy, blah, blah, blah, blah, blah.
• 12:14
  It didn't even fulfill its intended goals.
• 12:18
  And we have to really think as sovereign individuals, as
• 12:22
  Bitcoiners, you know, do we really want this increasingly
• 12:27
  growing bureaucracy that is going to continue to encroach on
• 12:32
  to our freedoms? Because that is the only way
• 12:35
  there is. No, you can't stop this.
• 12:39
  It's inevitable. Like it, it has no, it has, no,
• 12:43
  it has to grow. It has to grow.
• 12:45
  It's inevitable. And do we really want to live in
• 12:47
  that type of world? What I mean, it's been proven,
• 12:50
  maybe it was more than 100 years ago that, that the world's
• 12:52
  definitely changed. But I mean, do we really need to
• 12:57
  live in a world where where income tax is is a thing?
• 13:00
  Do we really need and can we, do we really need to live in a
• 13:04
  world where central banking is a thing?
• 13:06
  You could have made the argument that before Bitcoin, you needed
• 13:09
  it. Before Bitcoin, you needed this.
• 13:12
  I'm starting to seriously question the system because you
• 13:17
  go in there with a mandate from the American people to change
• 13:21
  the system and all you're getting is pushback.
• 13:24
  And if you think about what is actually being asked, we just
• 13:27
  like, OK, we just want to audit the government spending.
• 13:31
  And it's it's a, it's, it's politics.
• 13:33
  It's, it's insanity. Imagine a world where politics
• 13:38
  doesn't have as much importance that it has today.
• 13:42
  The reason politics has so much importance is because it's
• 13:46
  incredibly important which side wins, because depending on which
• 13:51
  side wins, that side controls the money printer.
• 13:55
  That it's, it's a popularity contest to see who controls the
• 13:59
  money printer. It's absurd.
• 14:02
  It's insanity, right? And I and Lynn likes his tweet
• 14:06
  every time I I post about it. I think a lot of the
• 14:10
  instability, a lot of the moral decay, a lot of the insanity
• 14:13
  that you see in today's world comes from broken money.
• 14:19
  It really does. I think it corrupts the soul.
• 14:21
  I think it corrupts the spirit. There's something, I mean it
• 14:26
  like it's biblical. If you think about it, just
• 14:28
  think, think about it for a second.
• 14:30
  The money, the Fiat money is based on the, the basis of it is
• 14:34
  based on theft, right? They, it's like essentially
• 14:38
  every time the government prints money, it's they're, they're
• 14:40
  stealing from you, right? It's income tax is one thing.
• 14:44
  It's, it's direct, it's over the table.
• 14:47
  But most people, if you ask them what inflation was, they would
• 14:50
  have no answer. They would have no answer at
• 14:52
  all, right? So anyways, I think it's
• 14:55
  incredibly important that we continue to talk about this
• 14:57
  topic. The Overton window is, this is
• 15:00
  completely outside of the Overton window.
• 15:02
  We're, we're trying to, we're trying to move that window to
• 15:04
  make this topic, you know, palatable to most people.
• 15:09
  But yes, I mean, great if the Trump administration used
• 15:12
  tariffs to buy Bitcoin. Let's see if it happens.
• 15:16
  But I, I want to, I want to continue to hear that topic over
• 15:21
  and over again. 19131913 What else happened in 1913?
• 15:25
  This isn't just about the income tax, this isn't just about the
• 15:29
  income tax and I think that's incredibly important to talk
• 15:31
  about. Anyways, we do have a very
• 15:32
  special guest today. We have Bo joining us on the
• 15:35
  show from Abundant Minds and of course, my legendary Co host
• 15:38
  Optimus Fields. A little bit of a little bit of
• 15:41
  a hiccup this morning. No Opti.
• 15:44
  Yeah, I don't know what happened with YouTube, but hey,
• 15:46
  everyone's everyone's hanging out in the right video.
• 15:49
  So today I will be the guy to say smash the like button guys
• 15:52
  get this video to get pushed. I I don't know what happened
• 15:55
  with our our streaming software, but it's live.
• 15:57
  We're we're good now, Nico. Sweet.
• 16:00
  So yeah, I'm going to pass it on to you, Opti.
• 16:02
  What are your what are your thoughts man?
• 16:04
  What's your take on all this? Well, I'm not gonna like rehash
• 16:07
  what Niko said Niko got on his soapbox this morning.
• 16:10
  Love to see it. It's what, Tuesday.
• 16:12
  We're doing good here. You know, we're surviving.
• 16:13
  But just kind of talking about Bo Hines and that interview with
• 16:17
  Pomp yesterday and this idea of using tariff revenues to buy
• 16:22
  Bitcoin. At this point, it feels like
• 16:24
  they're just kind of spitballing ideas.
• 16:26
  I know they've been talking about this, this like we're
• 16:28
  going to figure out budget neutral ways to to stack
• 16:30
  Bitcoin. So I, I think they're kind of
• 16:33
  just spitballing ideas and they are kind of, you know, pushing
• 16:36
  some rhetoric to push the narratives around the tariff,
• 16:40
  global trade war going on, you know, make it seem like a good
• 16:43
  thing. And now and of course all the
• 16:46
  crazy stuff around the tariffs, like there's tariffs one week,
• 16:48
  then they roll it back and then now there's a 90 day pause.
• 16:51
  But you know, there's exceptions to the trade war going on.
• 16:54
  Honestly, it seems like they rushed this tariff stuff.
• 16:58
  And I mean, on the one hand, it did scare off a lot of
• 17:02
  countries. Maybe maybe, you know, trust a
• 17:04
  plan. 5D chess guys are vindicated right now.
• 17:07
  And the whole plan was just to get China, you know, at the
• 17:09
  negotiation table, which doesn't seem like that's what they
• 17:12
  wanted to do in the 1st place anyways.
• 17:14
  It it seems, it seems a little convoluted right now.
• 17:17
  But if they, if Trump is really going to, you know, eliminate
• 17:22
  the income tax and just go full tariffs.
• 17:24
  And, you know, we have Elon Musk talking about ending the Fed as
• 17:28
  a Bitcoiner. Like I'm all for this.
• 17:30
  I, I, I think this would be great.
• 17:31
  I am totally on board with this. Now, the feasibility of all this
• 17:35
  happening, probably not going to be feasible.
• 17:39
  As you said, you know, the, the federal government is, is huge.
• 17:42
  I, I forget what the statistics are, but isn't the federal
• 17:44
  government literally the biggest employer in the world right now?
• 17:47
  the US federal government's the biggest employer in the world
• 17:49
  right now. And again, it's, it's all about
• 17:52
  incentives. And these people aren't going to
• 17:54
  eliminate their own jobs. So I think they're going to be,
• 17:57
  they're going to have have to be forced.
• 17:58
  And we were actually kind of talking about it and joking
• 18:00
  about it before the show. It's like there's really only
• 18:03
  two options here. And 1 is really bad and one is
• 18:07
  less bad, but it's still not that good.
• 18:09
  And the really bad one is just the Fiat system, the federal,
• 18:13
  federal governments all around the world, anyone that is backed
• 18:16
  by the money printer, just it implodes, you know, it just, it
• 18:19
  just implodes because of something breaks and that's not
• 18:23
  good for society. Now, the least bad option here
• 18:27
  is like a low gradual kind of implosion so people can get on
• 18:32
  the exit route or on the exit boat.
• 18:34
  So either way, it's we, it's we're literally frogs in boiling
• 18:38
  water at this point. We all know they have to keep
• 18:40
  printing money as Lynn Alden always says that nothing stops
• 18:43
  this train. As Larry Leopard has been
• 18:45
  doubling down. The big print is coming.
• 18:47
  Do we know when it happens? No, but we we all know, at least
• 18:51
  if you're a Bitcoiner, maybe not everyone, but if you're a
• 18:53
  bitcoiner, you know how this ends.
• 18:55
  There will be an obscene amount of money printing and This is
• 18:58
  why we constantly say you need to buy Bitcoin like the the only
• 19:03
  winning play here is to play the game and just stack Bitcoin.
• 19:06
  This is the only way out of this game.
• 19:09
  And you know, the losing the losing move here is sitting on
• 19:12
  the sidelines and trusting that you know that these institutions
• 19:14
  know what they're doing. Like take back your take back
• 19:17
  your life. Start to think for yourself,
• 19:19
  start to save in assets that are government neutral here that
• 19:22
  that are outside of the traditional financial system.
• 19:25
  And this is Bitcoin. So it is interesting we are
• 19:27
  seeing a lot of economic trad fi shake UPS right now.
• 19:31
  I, I'm, I'm definitely on board with this.
• 19:34
  Obviously the boomers in Wall Street is freaking out.
• 19:37
  And this is probably why there's so much like convolution going
• 19:42
  on here. Like one week they do something
• 19:43
  and then they'll kind of like, oh, wait, actually we didn't
• 19:45
  really mean that. You know, we got to roll this
• 19:47
  back because Wall Street's getting nuked.
• 19:49
  I think they're getting pushed into a corner here and
• 19:52
  eventually something has to give and we don't want to see
• 19:55
  everyone around us get absolutely devastated.
• 19:58
  This is why we constantly come out here, try to make videos
• 20:01
  that that do get pushed in YouTube so other people know
• 20:03
  like, OK, I need to protect myself.
• 20:05
  This is why we always have these conversations with friends and
• 20:08
  family that like, yo, you just need some Bitcoin.
• 20:10
  Like you don't need to go full bull tarred Bitcoin or Bitcoin
• 20:13
  maxi and you know, sell all your chairs.
• 20:16
  All you need is to have some Bitcoin, get some exposure, take
• 20:19
  it into custody because you never know, as we've been saying
• 20:22
  for a long time, like even if your portfolio is 1% Bitcoin and
• 20:26
  99% all other. Their Fiat at equities and
• 20:29
  stocks and you know, treasuries and all that stuff.
• 20:32
  That 1% could literally save your life.
• 20:35
  And this is what we're talking about.
• 20:37
  Like who knows what's going to happen.
• 20:39
  Yes, a lot of the doom and gloom we see is maybe a little blown
• 20:42
  out of proportion here, but I'd rather have a little bit of
• 20:45
  insurance and have no insurance. So you know, I, I rant a little
• 20:48
  bit here. So Bo jump in here.
• 20:50
  What's your thoughts on this topic?
• 20:52
  You know, I think that it's all good.
• 20:55
  I mean, we're, we're finding ways and there's ideas being
• 20:58
  thrown around of how you can funnel any kind of excess into
• 21:02
  Bitcoin. And to me that's effectively
• 21:06
  them coming up with the best strategy to take waste out of a
• 21:09
  wasteful system. And I see no problem with that
• 21:12
  if they're successful in in implementing that.
• 21:15
  It is budget neutral, it's accretive to the balance sheet.
• 21:19
  You know, they're keeping us a global financial superpower in a
• 21:24
  way that's based on a system that we can all get behind.
• 21:27
  And going back to the, the talk about 1913, you know, Dalio and
• 21:32
  his, his books talks about things that have changed the
• 21:36
  world that have happened before, but have not happened before in
• 21:41
  the lifetime of anybody that's living today.
• 21:43
  So the last time that we were living in a very different
• 21:46
  system was before anybody who's walking on earth today was ever
• 21:51
  inhabiting the world. So in many ways, it might seem
• 21:55
  impossible to go back to something like that, but I also
• 21:58
  like how he talks about the progression of of human
• 22:02
  evolution being these kind of upward spirals where even if
• 22:06
  we're looking at a new world with new technology and the
• 22:11
  surface level expression of of a new system looks very different.
• 22:15
  There's these themes that play out through history and the
• 22:18
  separation of money and state is not a new idea.
• 22:21
  In fact, it's an old idea that's worked very well in the past.
• 22:24
  And even though gold is far inferior in terms of its
• 22:27
  technical qualities to Bitcoin, it is the closest analog that we
• 22:31
  have to living on a sound money standard.
• 22:35
  And we've got this template of what a world looked like before
• 22:40
  we had the current system that we live in now.
• 22:42
  And so even if nobody's lived through that, we still have at
• 22:46
  least a hint, an example, a template that we can call back
• 22:49
  on and use as a guidepost for us to redesign the new system.
• 22:54
  And whether you're talking about Dalio's book, you know,
• 22:57
  Principles for a changing world order or something like the 4th
• 23:00
  turning, I think the the key here is that you need to be
• 23:04
  studying and looking at what previous periods of intense
• 23:07
  change have looked like. And it's never simple.
• 23:11
  It's never clean. But on the other end of
• 23:15
  navigating the chaos is a much better system for everybody.
• 23:19
  And I think that as long as we can be as centered as possible
• 23:23
  in that process and keep holding to what we know a better system
• 23:29
  could look like that we're ultimately designing something
• 23:31
  that's going to function much better, even if there's an
• 23:34
  interim of uncertainty, chaos, great change.
• 23:38
  And I'm just happy that, you know, a couple years ago we were
• 23:42
  worried about whether there was going to be intense regulation
• 23:45
  around our space in general. And now we're getting a
• 23:49
  strategic reserve. The Trump families involved in
• 23:52
  mining, you know, we're looking at, at spending tariff money to
• 23:56
  potentially acquire more, selling gold reserves to acquire
• 23:59
  more. I mean, there's, there's been a
• 24:01
  huge cataclysmic change in a positive way in a very short
• 24:05
  period of time. And that's only bullish to me
• 24:07
  and only positive to me. Yeah.
• 24:10
  I mean, I think that's a good point.
• 24:12
  Very political answer. I like that.
• 24:14
  I like that Beau, very, very, very, you know, very political
• 24:19
  answer, but I, I, I would say yes, it, it definitely, if you
• 24:24
  are to believe the whole 4th turning theory, I, I definitely
• 24:27
  believe we are living through those times right now.
• 24:29
  It's a period of it's period in history of intense change.
• 24:33
  And I think if you think about where we were five years ago, we
• 24:37
  could have never have imagined, you know, the President of the
• 24:40
  United States dropping Bitcoin by name, holding a so-called
• 24:44
  crypto summit at the White House, you know, holding some of
• 24:47
  the largest players, you know, hosting them, talking about
• 24:49
  policy, ending any hostility towards the industry.
• 24:53
  You never could have imagined that, you know, you know, four
• 24:56
  or five years ago. So could you imagine where we'll
• 24:59
  be 5 years from now? And something that we always
• 25:02
  have taken pride, pride, you know, here at simply is you
• 25:07
  know, when this whole thing was happening with Operation Choke
• 25:10
  .2 point OI remember we were one of the first to endorse Trump
• 25:16
  because we we felt like it was like look like they're arresting
• 25:19
  the samurai wall developers, they're arresting tornado cash
• 25:22
  developers. Like you know, you have a pro
• 25:24
  Bitcoin candidate and an anti Bitcoin candidate in a two party
• 25:28
  system. You have no choice.
• 25:30
  Now I'm saying we need more right.
• 25:32
  So it's not just about Trump in the White House.
• 25:35
  Trump in the White House is great, but what I would like to
• 25:37
  see from the previous the next president, regardless of whether
• 25:42
  they're Democrat or Republican, is the idea of the Federal
• 25:45
  Reserve has been a net negative on most Americans and the
• 25:49
  Federal Reserve, you know, the, the idea of ending the Federal
• 25:53
  Reserve, you know, we move the Overton window on that in my
• 25:57
  opinion. Just feeling the vibes.
• 25:59
  Just saying that I could tell it's completely outside of the
• 26:03
  Overton window and I'm trying to force it inside the Overton
• 26:06
  window inside the discussion because yeah, we got a pro
• 26:09
  Bitcoin present in the White House.
• 26:11
  Great. But again, you know, first 100
• 26:15
  days, everything that has happened, me and Opti were
• 26:17
  talking about this backstage, you know, like it's, it's been
• 26:22
  good so far, right? You know, maybe we're getting a
• 26:24
  little bit too greedy in terms of what our what our
• 26:27
  expectations are. But yeah, I think, I think the,
• 26:31
  I remember Andreas Antonopoulos, there was no Bitcoin content
• 26:34
  back in the era that I got into Bitcoin.
• 26:36
  It was like Andreas Lectures. That was the only thing that
• 26:38
  existed. And I remember he kept talking
• 26:41
  about this global cabal, this, this, this central banking
• 26:45
  cabal, which is, you know, the whole central banking system,
• 26:48
  the way that it functions. And back then, Bitcoiners were a
• 26:52
  little bit more militant in terms of what their end goal was
• 26:56
  in terms of effectuating change. And what I'm seeing this cycle
• 27:01
  is complacency. Like, I mean, we saw some of the
• 27:03
  biggest influencers just basically say, hey, I'm selling
• 27:07
  my entire stack. I'm putting it into ETFs, you
• 27:10
  know, like, you know, we have to remember why we're here.
• 27:13
  We have to remember why we're here.
• 27:14
  We have to remember what actually effectuates change.
• 27:17
  What actually effectuates change is a lot of people taking their
• 27:21
  Bitcoin and putting into self custody.
• 27:23
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• 27:28
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• 30:27
  All right everybody, we are back.
• 30:29
  At the time of recording, the Bitcoin price is $84,930 sats
• 30:35
  per dollar. Sorry, block height 892,570
• 30:39
  SAT's per dollar 1177 market cap 1.69 trillion Bitcoin verse gold
• 30:45
  market cap 7.39% percentage issued 94.53% decline from all
• 30:51
  time high -22.2% Realized monetary inflation .85%.
• 30:56
  In the grand scheme of things, we are just getting the party
• 31:00
  started anyways. Opti was talking about this with
• 31:03
  you guys yesterday. Of course we had President
• 31:06
  Buchele and President Trump. The first Bitcoin presidents
• 31:10
  meet at the White House yesterday was absolutely
• 31:12
  historic. Max Keiser says 220K in play.
• 31:18
  And here is the bitwise CIO essentially making the case as
• 31:22
  to why Bitcoin is heading to $1 million.
• 31:26
  Just check out the clip. OK, I have to ask.
• 31:29
  This because I know. People who are watching are
• 31:32
  wondering this that now that they've heard you say it, we we
• 31:36
  hear these bold predictions for Bitcoin like $1,000,000 a
• 31:39
  million and a half. Now if you take what you've just
• 31:42
  said, looking at the price of gold in comparison to Bitcoin
• 31:46
  and what that tells you about bitcoins future, when could we
• 31:50
  get to Bitcoin? Over $1,000,000.
• 31:52
  Yeah, I think 5 to 10 years is about right.
• 31:55
  I think one or two more cycles. Look, a few things are true.
• 31:58
  The vast majority of people who need to own.
• 32:00
  Bitcoin don't yet own it at all. We need a trillion dollars of
• 32:04
  buying into the Bitcoin market for institutions to just level
• 32:07
  up to a neutral portfolio. I think there's no way that
• 32:10
  happens without pushing bitcoins price up significantly.
• 32:13
  I'd also say, you know, having watched various technologies
• 32:17
  over the over the past 20 or 30 years, everyone's always
• 32:21
  skeptical of the digital version of analog goods, but find me
• 32:25
  another industry where the digital version didn't just
• 32:27
  catch up, but eventually surpassed the physical good.
• 32:31
  It's happened in media, it's happened in advertising, it's
• 32:34
  happened in movies, it's happened in streaming, it's
• 32:36
  going to happen in store of value assets, so.
• 32:39
  How long could it take? I think. 5 or 10 years, right?
• 32:42
  Remember 10 years ago, where was Bitcoin right now?
• 32:46
  It was 2014. It was trading for a few $100.
• 32:48
  Today we're talking about $100,000.
• 32:51
  It's not that hard to imagine that in 10 years it's easily at
• 32:55
  a million or more. I think it'll happen by 2029,
• 33:00
  but it could be, you know, could be anywhere around then, but.
• 33:07
  All right. So I mean, I want to get your
• 33:08
  guys thoughts on that. I mean, I think it's too early.
• 33:12
  I, I would be happy just for Bitcoin to hit 100K first before
• 33:18
  we talk about this whole million $1,000,000 stuff.
• 33:22
  But Opti was showing this to me before we went live, the
• 33:25
  corporate Bitcoin adoption of Q1 2025.
• 33:30
  And as you can see, it's just blown.
• 33:32
  It's just, it's just gone crazy. It's just gone absolutely
• 33:35
  berserk. It's gone nuts.
• 33:38
  And the reason for that is simple.
• 33:41
  Obviously the, the complete change of the regulatory
• 33:44
  environment towards Bitcoin, the end of the hostility I think is
• 33:49
  a big, is a big reason as to why this is happening.
• 33:52
  If you take a look at, you know, Q1 of 2020 or Q2 of 2020
• 33:58
  compared to Q1 of 2025, you guys could see it's night and day.
• 34:04
  One of the coping mechanisms we used in 2018, you know, was hey,
• 34:10
  you know, the institutions are coming.
• 34:12
  The institutions are coming. That was a lie that didn't
• 34:14
  happen until like two or three years later, but it did happen
• 34:19
  and now the institutions are finally here.
• 34:22
  So if I could tell my 2018 self, hey man, you know, the, the cope
• 34:28
  is right. It's just, you know, many years
• 34:30
  later, you know, maybe I would have, I, I try to get as much
• 34:35
  Bitcoin as I can at that era. But you know, maybe I would have
• 34:38
  tried harder, but the institutions are definitely
• 34:40
  here. The price isn't showing that,
• 34:43
  which is quite interesting. But this is the reason as to why
• 34:46
  the bitwise CIO is making the case.
• 34:50
  You want to know why he's making the case.
• 34:52
  This is why he's making the case because he's seeing this data
• 34:57
  and again, it's Infinity divided by 21 million.
• 35:00
  If every millionaire wanted to acquire just one Bitcoin, they
• 35:03
  physically could not do so. There's 63 millionaires around
• 35:07
  the world, there's 63,000,000 millionaires around the world.
• 35:11
  There's only 21 million Bitcoin and you can estimate three to
• 35:15
  four of that 21 millionaire gone.
• 35:17
  So you know, that's just if every millionaire wanted to
• 35:20
  acquire one Bitcoin, they physically could not.
• 35:23
  Now put governments into this, into this discussion, put
• 35:27
  institutions into this discussion, and then you'll see,
• 35:30
  you know, why he's coming up with these absurd numbers.
• 35:34
  Now, I think what all of us want to know is that from this cycle,
• 35:38
  from a news perspective, it's been incredibly bullish.
• 35:42
  But from a price perspective, you know, clearly it hasn't
• 35:47
  reflected that. It hasn't shown that.
• 35:50
  So you know, I I would say patience is the name of the
• 35:53
  game. Stay humble, stack Sats.
• 35:55
  I'm going to pass it on to Bo Bo, What are your thoughts, man?
• 35:57
  What's going on here? Why hasn't the price pumped?
• 36:00
  What's going on? Is it being suppressed by Wall
• 36:02
  Street? Is there a giant conspiracy?
• 36:05
  What are your thoughts man? I never tried a time price with
• 36:10
  news and I think that those are often the the biggest mistakes
• 36:15
  that you can make is, is try to draw a correlate between the
• 36:18
  price and what's going on in the news.
• 36:20
  In reality, you've got so many more large long term factors
• 36:25
  that play a bigger role in whether price is pumping or not.
• 36:28
  And to your point, I mean, we thought institutions were coming
• 36:33
  years ago. And instead of getting
• 36:36
  institutions really in droves first, I mean, we kind of
• 36:39
  leapfrogged where we've now got national reserves that are
• 36:43
  almost getting ahead of most of the large companies in the
• 36:46
  world, which I don't think people saw coming.
• 36:49
  I don't think people thought that a government would move
• 36:52
  quick, more quickly on this than corporate entities.
• 36:55
  So that's got to be surprising to some people.
• 36:58
  And you know, Parker Lewis wrote a great book on this.
• 37:00
  Gradually then suddenly. I mean, five years might be a
• 37:03
  really long time frame if we have that suddenly moment where
• 37:08
  it's broadly accepted that this is the best non sovereign store
• 37:13
  value in the world and this is where liquidity should go.
• 37:16
  And by the way, it's a tiny fraction of current liquidity
• 37:18
  and even one large player deciding that this is a
• 37:22
  meaningful part of their portfolio really changes the
• 37:24
  game in a price sense. So I think that it's one of
• 37:28
  those like water doesn't boil at 2:11, but it does boil at 212
• 37:33
  kind of things where we're we're just sitting right there on the
• 37:36
  edge waiting for that one big catalyst to come in and really
• 37:41
  shoot the rocket off. But you don't want to wait until
• 37:44
  that happens to get allocated. So I think smart money is in an
• 37:47
  accumulation phase right now. And when it hits, it hits.
• 37:50
  But I don't ever try to make any timing predictions.
• 37:54
  Yeah, yeah. I mean, I agree with you 100%.
• 37:57
  I think it what what we've learned from this cycle is no
• 38:00
  one has any idea what the what the price of Bitcoin is going to
• 38:03
  do. Everyone has gotten it
• 38:05
  catastrophically wrong in every single sense.
• 38:09
  So it's just, you know, just sit back, enjoy the ride, try to
• 38:12
  acquire as much Sats as possible and live your life.
• 38:14
  That's what I would say. Opti, what are your thoughts on
• 38:16
  this man before move on to the new segment?
• 38:19
  Yeah. Well, first of all, I really
• 38:20
  love that analogy Bell of, you know, water doesn't boil at
• 38:23
  2:11, but it does at 2:12. And it does really feel that
• 38:26
  that is where we are right now. It really is only going to take
• 38:30
  a couple really, you know, big buyers to come into the market
• 38:33
  to really like move the needle here.
• 38:36
  And you know, everyone's been kind of looking for like price
• 38:39
  manipulation, like what's going on?
• 38:41
  Why is it, you know, with all of these people buying, you know,
• 38:44
  all of these big numbers from Metaplanet, MicroStrategy, you
• 38:47
  know, GameStop coming in, we're seeing Bitcoin be talked about
• 38:51
  constantly. Everyone's wondering like how
• 38:54
  with all of this, you know, buying pressure, how is the
• 38:57
  price just kind of going stagnant?
• 38:59
  And it just it's probably because there's some long term
• 39:02
  sellers like it's literally simple, but you know, sales and
• 39:05
  buys are being matched here in the market.
• 39:07
  And further, we're seeing a lot of macroeconomic factors playing
• 39:11
  out right now. And, and this is Bitcoin
• 39:12
  maturing. I think this is, you know,
• 39:14
  Bitcoin going through it's kind of like puberty phase here,
• 39:17
  Bitcoin 16. This is like it's growing up and
• 39:20
  in all, you know, like realistic terms, if you look at what
• 39:24
  Bitcoin did in the last week or so, like it's holding up very
• 39:28
  strong. We're at 85K right now.
• 39:30
  Every other market in the world is getting absolutely nuked.
• 39:32
  You know, people are freaking out about 4% changes as
• 39:35
  Bitcoiners are like, you know, 7% change or whatever it is in
• 39:38
  the last week. Like that's, that's chump
• 39:39
  change. Like what?
• 39:40
  Like what are we complaining about here?
• 39:41
  Bitcoins going sideways while the world's melting down.
• 39:44
  It seems like Bitcoin was created just for this moment
• 39:47
  now, you know, just kind of doubling down on the sentiment
• 39:51
  from the chat, you know, Matt Hogan, a bitwise bro, like
• 39:53
  you're kind of bearish. A million in five years.
• 39:55
  Come on, we got to pump those numbers up.
• 39:58
  No, no, no, I'm, I'm, I'm kind of trolling there because I
• 40:01
  think, you know, $1,000,000 Bitcoin in five years.
• 40:04
  So by next cycle, I think that is a very realistic conservative
• 40:08
  price prediction of where Bitcoin is going and that number
• 40:11
  of like we need. But you know a trillion dollars
• 40:15
  of corporation by pressure to get into the market and then we
• 40:18
  can really have this conversation of what's going on.
• 40:20
  And if you pull up that infographic, the the main and
• 40:23
  the first key development in there I think is the signal
• 40:26
  there, which is the Fazbee rule change going into effect there
• 40:30
  on the left side, Nico. So that is like, that's probably
• 40:34
  why we are seeing this Q to Q, you know, increase of
• 40:39
  corporations holding Bitcoin on their treasury.
• 40:42
  Like this is the, the, the big move that has changed since last
• 40:47
  year that a lot of us have it like we, we forget that this
• 40:50
  just happened. You know, as Bitcoiners, I think
• 40:53
  a lot of times we are always thinking in the future because
• 40:57
  in the present, like we, we already understand all of this
• 40:59
  stuff about Bitcoin and we forget that most people don't
• 41:02
  understand Bitcoin like we do. So we're always projecting into
• 41:04
  the future like what's going to happen, but the ripple effects
• 41:08
  of all of the the good news we've seen hasn't obviously been
• 41:12
  saturated into the market and we are seeing, I think a lot of
• 41:16
  bullish indications that things are going to get crazy.
• 41:18
  And while Niko's talking, I I, I'm starting to get the feeling
• 41:22
  that this is a 2017 cycle. Like everyone's mad in the chat.
• 41:26
  Everyone's, you know, like attacking each other in the
• 41:28
  chat. All of us bit corners are like,
• 41:30
  man, there's maybe a recession and it's over Was 109 K the top
• 41:35
  and it just it's starts to feel like this is the Max Payne
• 41:39
  scenario here where Bitcoin, you know, maybe it pumps a little
• 41:42
  bit by the end of this month or whatever, and then it goes
• 41:44
  sideways and we're like, oh man, it's over again.
• 41:47
  And then we just get some incredible rippage by the end of
• 41:50
  the year. I was having a conversation with
• 41:52
  a friend and he's like, man, I was just talking to to one of my
• 41:55
  friends who's a Bitcoin trader and he's saying the most bullish
• 41:59
  stuff possible. And I'm like, OK, like feed me
• 42:01
  with the helpium because I'm starting to feel like the the
• 42:04
  fatigue in the Bitcoin market is really starting to hit everyone.
• 42:08
  We're just like, man, what's it's literally the meme like
• 42:10
  poking Bitcoin. Can you do something already?
• 42:13
  But this is the buying opportunity of a lifetime with
• 42:15
  all of this information, we're seeing all of the biggest
• 42:17
  corporations in the world start to at the very least talk about
• 42:20
  Bitcoin. We're seeing literally the
• 42:22
  biggest economic power in the world, the United States, talk
• 42:25
  about acquiring Bitcoin. We're seeing some of the, you
• 42:28
  know, billionaires in the world basically play hungry hippo
• 42:32
  acquiring as much Bitcoin and we're at 85 K Bitcoin, which
• 42:35
  means that every person out there, a layman, an average
• 42:38
  person now has the opportunity to buy Bitcoin at what is it
• 42:41
  like a 25% discount or 20% discount or whatever it is like
• 42:45
  I'm, I'm, I'm starting to feel bullish in the, in the, in the
• 42:48
  face of all of the bearish price movement.
• 42:51
  It's like, dude, this is going to be a I'm, I'm doubling down
• 42:53
  Nico. The end of this year is going to
• 42:55
  be lit. You heard it here 1st and I will
• 42:57
  eat the humble pie if I'm wrong. But the end of this year, we're
• 43:00
  going to have a good Christmas. I'm, I'm, I'm, I'm going to hold
• 43:03
  myself to that one, Nico. Opti Opti is starting a pay
• 43:06
  group. He will drop it in the chat.
• 43:09
  We just broke 500 live viewers on YouTube.
• 43:12
  If you guys are enjoying the show, make sure to smash that
• 43:15
  like button really, really helps with the algos and gets this
• 43:18
  message forward. Anyways guys, it's going to be
• 43:21
  an incredible show. We still got the new segment.
• 43:24
  We got tons to unpack, tons to talk about.
• 43:26
  We'll be right back. Let's check it out.
• 43:28
  Here we go. I want to give a shout out to
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• 45:38
  All right everybody, this is Opti.
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  Sometimes he forgets to set up the live stream, but if you use.
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  Go to coldcard.com or check the link in the video slash podcast
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  description and you'll get 5% off for using the simply promo
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  code. Where's where's oh, I took Opti
• 46:18
  off Damn, bro all right, so let's talk about this.
• 46:23
  I thought this was really interesting.
• 46:26
  Very interesting line that that Buchele said at the press
• 46:31
  conference yesterday. And you know what it's one of
• 46:34
  those move the Overton window type of shows and types of days.
• 46:39
  So, and again, I, I know because it's outside of the Overton
• 46:42
  window, some people might get a little bit upset.
• 46:44
  Some people are be like, Nah, some people are not 100% with
• 46:47
  it. But you know what, we're not
• 46:49
  going to take a stance on any of this.
• 46:51
  We're just going to show you guys ask some questions and, you
• 46:56
  know, let's see where that leads us.
• 46:57
  So I'm going to play you guys a clip of the two Bitcoin
• 47:01
  presidents at the White House in the Oval Office.
• 47:04
  Let's check it out. We know that.
• 47:11
  Wow, did we lose Nico? Dude, that Puerto Rican Internet
• 47:17
  is crazy. All right, guys, give us one
• 47:20
  second. Dude, that was.
• 47:22
  The journalist. All right, *** Redo it.
• 47:26
  Redo it. Redo it, redo it.
• 47:27
  We lost. You sorry about that.
• 47:30
  Dude, your Internet. You need a generator bro.
• 47:32
  At least for the next month. I'll be back in Miami in two
• 47:35
  weeks. So just a little, little pit
• 47:37
  stop here with our viewers here in Puerto Rico.
• 47:40
  All right, so let me let me play it again.
• 47:42
  And we're very eager to help. We know that you have a crime
• 47:48
  problem, terrorism problem that you need help with.
• 47:52
  And we're a small country, but if we can help, we can do it.
• 47:55
  And we actually turned the murder capital of the world,
• 47:59
  that was the journalist college, right, murder capital of the
• 48:01
  world, into the safest country in the Western Hemisphere.
• 48:04
  And you know, if they sometimes they say that we increase in
• 48:09
  thousands, I like to say that we actually liberated millions.
• 48:13
  So, you know, like it's very good.
• 48:18
  Who gave him that line? Do you think I can use that?
• 48:22
  And in fact, in fact, Mr. President, you have 350 million
• 48:26
  people to. So again, I mean, talk about
• 48:31
  moving the Overton window, right?
• 48:33
  What happened El Salvador was a very, very aggressive move by
• 48:38
  the state to essentially secure the country.
• 48:41
  Now, the con of that, like the, the downside is a lot of people
• 48:47
  had to be in prison, specifically the people that
• 48:50
  were perceived as violent or criminals.
• 48:55
  And of course, you know that you have to empathize with that.
• 48:58
  And I'm going to try not to take a stance on all this.
• 49:01
  I mean, I technically could because I'm from the region.
• 49:03
  I am from Venezuela. So personally, I like that,
• 49:07
  right? Because the, the other, the
• 49:09
  other side of the equation is essentially, you know, you have
• 49:13
  a very, you know, crime ridden society and that's the norm in
• 49:19
  Latin and Central America. That is the norm in El Salvador.
• 49:23
  What you see there is not the norm.
• 49:25
  And to also, if you're coming at it from a Western democracy or
• 49:32
  Western country type of standpoint, and you're trying to
• 49:35
  apply that logic onto a country in Central and Latin America,
• 49:42
  you're, you're lost in the sauce.
• 49:44
  It, it 1 doesn't equate the equate to the other.
• 49:47
  And then this leads me to, I'm going to try to connect this,
• 49:50
  what I was talking about in the beginning.
• 49:52
  What is the role of government? So the role of government in my
• 49:57
  eyes is to protect private property and safety, right?
• 50:02
  That's why you give them the monopoly on violence.
• 50:05
  That's why you pay the income tax.
• 50:06
  It's to protect you. But if they don't do that,
• 50:11
  right, I mean, isn't that the very definition of a failed
• 50:15
  government, right? And again, the reason that I say
• 50:18
  this is out of the Overton window is because, like, I think
• 50:23
  you obviously want due process. You obviously want people to
• 50:26
  have a fair trial. You don't want the government to
• 50:29
  have the ability to just picks, just nab someone and just put
• 50:33
  them in prison and tell you there's zero reason as to why
• 50:37
  they're doing that, right? But if you look at it from a
• 50:41
  results perspective, right, Naimbu Kelly is the most popular
• 50:46
  president in the Americas. That's number one.
• 50:48
  Number 2, El Salvador went from the murder capital of the world
• 50:53
  to one of the safest countries in the world.
• 50:56
  And it's also not a very wealthy country either.
• 50:59
  So to say that there's nothing to learn from what he did over
• 51:05
  there, I think is incredibly naive.
• 51:10
  And I think it's incredibly like you're full of yourself.
• 51:13
  You're not really thinking about it because that line is
• 51:16
  incredibly powerful. It's like it's not about
• 51:20
  imprisoning a percentage of of the population.
• 51:23
  It's about liberating the majority of the population that
• 51:27
  follows the law, pays their taxes and does what it's
• 51:31
  supposed to do in a thriving society, right?
• 51:35
  So I think it's like, you know, again, what happened there was
• 51:40
  the Overton window was shifted. The the discourse was discussed
• 51:45
  to the point where the president of the United States was looking
• 51:48
  at him saying like, wait a second.
• 51:49
  Yeah, that's a really good line. I might, I might take that
• 51:52
  because we kind of live in this, this world where it's kind of
• 51:55
  like, you know, it, it's like, like what I saw when Naimbu
• 52:01
  Kelly got into office was this global attack by the media
• 52:07
  worldwide. And essentially it attacked him
• 52:12
  because of his hard on crime policies.
• 52:16
  But I haven't seen any media outlet follow up and basically
• 52:20
  say, Hey, you know what? El Salvador successfully lowered
• 52:26
  their murder rate. They have successfully grown
• 52:28
  their GDP. They're successfully growing
• 52:31
  their economy like the country is thriving.
• 52:35
  I haven't seen any of the media talk about that.
• 52:38
  It's always been one sided. So anyhow, I'm going to open it
• 52:43
  up. Opti, I see Opti cracking up.
• 52:46
  Sorry. I'm I'm trolling you in the
• 52:48
  rumble chat. So we did.
• 52:49
  We did break. We did break 2000 live viewers
• 52:52
  across YouTube and yeah, yeah, all your cousins from El
• 52:57
  Salvador here. Now our crime is up.
• 52:59
  Nico. Nico thinks paying his taxes
• 53:03
  isn't the right to imprison Opti.
• 53:05
  Oh, my God, the Rumble chat. Nico loves everyone tell you
• 53:07
  he's from a Yeah, the Rumble chat is absolutely savage.
• 53:10
  But This is why we This is why we stream on Rumble.
• 53:12
  So you guys could absolutely shit on me and Opti.
• 53:16
  They got due process. People keep claiming they
• 53:19
  didn't. Oh, my God, it's savage.
• 53:21
  ANYWAYS, wrecked but yes, we just broke 2000 live viewers
• 53:25
  across YouTube Rumble and X. If you guys are enjoying the
• 53:27
  show so far, make sure to smash that like button.
• 53:29
  You guys are listening to simply Bitcoin live Opti.
• 53:32
  This is a spicy topic bro. This is a move the Overton
• 53:35
  window type of episode. What's your take on this bro?
• 53:38
  I mean, I, I kind of said it yesterday and I, I got trolled
• 53:41
  on on on Twitter a little bit saying that I'm going full G
• 53:44
  money on this one. So shouts out to our boy G
• 53:46
  money. Go go listen to rug pull radio
• 53:49
  If you, if you really want to hear the outside of the outside
• 53:53
  of the outside of the Overton window rips around Bitcoin.
• 53:57
  You know, my take was pretty simple.
• 53:58
  Like it's very interesting that Naibu Kelly even is even at the
• 54:03
  White House talking to Trump. And you know, you can, you can
• 54:06
  attribute this to a lot of different factors, but as a
• 54:08
  bitcoiner, as a Bitcoin show, I will attribute this to Bitcoin.
• 54:13
  Like Bitcoin brought Naibu Kelly into the White House.
• 54:16
  It was a tiny country. Again, I'd I haven't updated the
• 54:19
  stats here on El Salvador's GDP, but the last time I checked, it
• 54:22
  was like 32 billion. That's like basically non
• 54:25
  existent in the global, you know, ranking of GDPS out there.
• 54:30
  It's a tiny country. It was literally the murder
• 54:32
  capital of the world. And in what how long?
• 54:35
  Four years going on 4 1/2 here. Basically, he's completely
• 54:39
  flipped it around. And so hey, if people are going
• 54:43
  to be critical about how he did it, obviously it does remind me
• 54:47
  of a lot of Gladstein's work of us having, you know, first world
• 54:50
  financial privilege, etcetera. But I mean, it's incredible what
• 54:54
  he's what he's done for his country.
• 54:56
  And yes, we can attribute it not just to Bitcoin, but I think to
• 55:00
  him being a Bitcoiner. And remember the tweet or the
• 55:03
  truth post that Trump did when he was talking about about this
• 55:07
  meeting yesterday and it was President BI.
• 55:09
  Don't think that that is necessarily just like, you know,
• 55:12
  him saying things. I think I think that is, you
• 55:15
  know, the signal here. It's like he is the official
• 55:19
  president, you know, Bitcoin president of the world right
• 55:21
  now. And yes, Trump is trying to be,
• 55:25
  you know, America's Bitcoin president, but I think this this
• 55:28
  is all playing out. I've said it before, you know,
• 55:30
  first thing but Kelly had to do was fix the money or allow
• 55:33
  people to use Bitcoin. And then next thing he needed to
• 55:35
  do is is, you know, some semblance of law and order.
• 55:39
  And yes, it, it's not necessarily something that I
• 55:42
  advocate for all the time. You know, like I'm, I'm not, I'm
• 55:45
  not a status here. Like I, I don't believe in in
• 55:47
  state section violence, but we all know that the state does
• 55:50
  have the monopoly on violence here.
• 55:52
  And hey, like, if if as a citizen of the country, I have
• 55:57
  two choices of literally the most dangerous country in the
• 56:00
  world or the safest country in the world, then, yeah, I want
• 56:03
  the state to imprison the criminals so that the millions
• 56:06
  of people in my country can have a a semblance of a life here.
• 56:09
  Like, I don't think it's that difficult.
• 56:11
  I, I don't think it should be as outside of the Overton window as
• 56:15
  as it's been made. And and it shouldn't be as
• 56:16
  politicized as we're seeing in the corporate press.
• 56:18
  It's like, this is their job. Like, whatever happened to the
• 56:21
  government's job is to protect its citizens.
• 56:24
  Like how is this a crazy idea? This is literally what they're
• 56:27
  supposed to be doing. And yet someone that's a strong
• 56:30
  leader and and you know, a fallen world basically at this
• 56:35
  point comes in get some law and order back in this country and
• 56:38
  he's the evil guy like I it makes.
• 56:40
  No, I mean, it does make sense. And this is, I'm sure I'm going
• 56:43
  to connect it with what we were talking about in the in the
• 56:46
  early part of the the episode. It absolutely makes sense.
• 56:49
  It makes sense if your government is run on Fiat,
• 56:53
  right? Fiat misalliance incentives.
• 56:56
  This is this is I don't even want to go there, but this is
• 57:01
  this is this is this is what's happening.
• 57:03
  You have you have governments that their incentives are
• 57:07
  completely misaligned from their citizens.
• 57:10
  And that is literally because they have a money printer,
• 57:14
  because they have a money printer.
• 57:16
  Think about it. If they had no money printer,
• 57:19
  the only form of revenue that a government would have would be
• 57:23
  via direct taxation, me meaning they would actually have to do
• 57:28
  good by their constituents or their constituents to say, you
• 57:31
  know what, like I'm not getting anything in return.
• 57:34
  Why should I do this right? But we don't live in that type
• 57:38
  of world. We live in a world where
• 57:40
  government's form of revenue is a money printer and that
• 57:44
  completely misaligned incentives in society.
• 57:47
  Do you think it's a coincidence? I'm going to drop this all
• 57:49
  right, because it's it's it's lots of coincidences these days.
• 57:53
  Do you think it's a coincidence that the first pro Bitcoin
• 57:56
  president in the US, it was almost assassinated twice?
• 58:00
  Do you think it's a coincidence that the first Bitcoin president
• 58:03
  ever has the highest popularity ratings in the Americas?
• 58:08
  Do you think that's a coincidence?
• 58:10
  I don't think so. Do you think it's a coincidence
• 58:12
  that the first Bitcoin country is one of the safest countries
• 58:17
  in North and South America? Do you think that's a
• 58:19
  coincidence? No, I think what's happening is
• 58:23
  they have fixed the base layer of society.
• 58:26
  I think if the base layer of society is fundamentally corrupt
• 58:30
  and broken, you're going to get corrupt actions and you're going
• 58:34
  to get corrupt incentives. And I think if you fix the base
• 58:38
  layer, I mean apply it to you guys, you guys have adopted
• 58:42
  Bitcoin, right? I'm assuming a percentage of you
• 58:44
  guys that are watching simply Bitcoin have, right?
• 58:47
  What has Bitcoin done for you? I've heard it from, from so many
• 58:50
  people. I've, I've, I, I care about my
• 58:53
  health now. You know, I've, there's
• 58:55
  something, there's a spiritual component to it.
• 58:58
  I'm thinking about the future. You know, I, I, I'm hopeful
• 59:01
  about the future. Like that's just on an
• 59:04
  individualistic level. Could you imagine that change of
• 59:09
  viewpoint? But from an from a government
• 59:12
  perspective or from a large corporation, it changes the
• 59:15
  world fundamentally to the core, right?
• 59:18
  So again, I don't think these are coincidences.
• 59:21
  I'm picking up patterns. It's clear as day we live in an
• 59:26
  upside down world where the government's primary function is
• 59:30
  safety right and to protect law abiding citizens and to protect
• 59:35
  their private property. We live in a world where that is
• 59:39
  considered abnormal and if you want that as a citizen, you're a
• 59:44
  radical. That is crazy, right?
• 59:46
  This is how far Fiat has broken the system.
• 59:49
  Anyways, Bo, what are your thoughts here?
• 59:52
  I'm so prepared for your well versed political response.
• 59:56
  Hit us with it. I'm going to stay exactly as
• 1:00:00
  apolitical as you think I am and actually take a different, a
• 1:00:04
  whole different view on this is just that we get exposed all the
• 1:00:09
  time 24/7 to the ideas of people all around the world, thought
• 1:00:14
  leaders, pioneers. And there's a level of
• 1:00:17
  integration and influence that people can exert on us from afar
• 1:00:21
  through a digital medium. And there's a ton of change and
• 1:00:25
  a ton of influence that happens. In that medium.
• 1:00:29
  But I think the real game changer here is that anybody
• 1:00:33
  who's been to a conference or gone to an in person event knows
• 1:00:37
  that it's very different to see someone on a screen or see their
• 1:00:40
  tweets and be influenced by them versus to spend a day with them,
• 1:00:44
  to be in their energy to actually have that kind of
• 1:00:49
  interaction with them. It's a vastly different level of
• 1:00:53
  impact that you get from being in person with people.
• 1:00:57
  And I, I don't know for sure, but I would guess this is the
• 1:00:59
  first time that Buchele and Trump have been in the same room
• 1:01:02
  hanging out. And I can only imagine that that
• 1:01:06
  serves not just as as them meeting, but as kind of an
• 1:01:10
  accelerant to almost anything that Trump was already thinking
• 1:01:14
  about doing. Because now he's sitting across
• 1:01:17
  from the in person example of taking this to the logical
• 1:01:22
  extreme of not just law and order, but you know, what does
• 1:01:26
  it mean to put an entire country on a Bitcoin standard?
• 1:01:29
  And so I'm really focused here just on what it means for them
• 1:01:33
  to spend time in person together, take out any kind of
• 1:01:37
  political viewpoint. I think that that is the real
• 1:01:39
  impact is that they both shared space.
• 1:01:43
  Gotcha. 100% Opti. What's your take on all this,
• 1:01:47
  brother? I mean, I kind of gave my take,
• 1:01:49
  bro. Like I, I doubling down on what
• 1:01:51
  Bo said, man, you know, putting, putting your country on a
• 1:01:54
  Bitcoin standard, like that's the big move here.
• 1:01:58
  And, and it's really like we talk about it constantly and,
• 1:02:00
  and everyone's gonna yell at me because, you know, the meme
• 1:02:02
  review isn't on the show anymore.
• 1:02:03
  But like, if you really do live the Bitcoin memes, they aren't
• 1:02:07
  just memes. Like being a Bitcoiner is much
• 1:02:09
  more than just stacking Bitcoin. It's it's a, it's a point of
• 1:02:12
  view. It's a, it's a way that you view
• 1:02:14
  the world. It's a lens that you and take
• 1:02:16
  information and how you act and interact with the world.
• 1:02:19
  And this is a fundamentally paradigm shifting perspective
• 1:02:23
  here. And This is why, you know, we
• 1:02:25
  constantly doubled down on this, this idea that Bitcoin is much
• 1:02:28
  more than just like money. It is a movement of, of
• 1:02:31
  sovereign individuals, of, of people thinking for themselves
• 1:02:34
  of trying new things so we can change the course of history
• 1:02:38
  here. Like this is what US bit corners
• 1:02:40
  are trying to do. And yes, we do meme and we do,
• 1:02:43
  you know, have fun. And, you know, we do say the
• 1:02:46
  crazy things, but it's the crazy people, you know, the Steve
• 1:02:49
  Jobs, it's the crazy ones that change society and the crazy
• 1:02:52
  ones that change the course of history.
• 1:02:54
  And I think we're living through this and in the moment, things
• 1:02:57
  happen a lot slower than we think they will.
• 1:02:59
  But in the long run, I think looking backwards, we're going
• 1:03:02
  to be like, wow, things change. Like actually, things change
• 1:03:06
  period. Like full stop.
• 1:03:07
  Like we were actually able to change the course of history.
• 1:03:10
  And it did all start with some Internet nerd money.
• 1:03:12
  You know, it all started with Satoshi and the genesis block.
• 1:03:15
  I really do believe that This is why we do what we do.
• 1:03:18
  And This is why we constantly try to spread the hope and the
• 1:03:22
  optimism. This is why you know the
• 1:03:24
  pseudonym is optimist field. I fundamentally I believe that
• 1:03:27
  Bitcoin will give us bright a brighter world and this is it.
• 1:03:30
  This is this is it happening in real time yes, people that don't
• 1:03:35
  like Bitcoin yes, people that are fully endorsed in the Fiat
• 1:03:39
  system are going to hate on what Bitcoiners are doing yes, we're
• 1:03:41
  going to be called the bad guys, but I think in the long term of
• 1:03:46
  what is going to be written in history, Bitcoiners will be
• 1:03:49
  looked at as the good guys throughout throughout the you
• 1:03:52
  know the remainder of humanity. So hey, I'll take the hate.
• 1:03:56
  I'll break the hate. We're changing history.
• 1:03:59
  One YouTube video at a. Time, absolutely.
• 1:04:03
  All right, everybody stay tuned. We're at 507 live viewer, 511
• 1:04:08
  live viewers. If you guys are enjoying the
• 1:04:09
  show so far, make sure to smash that like button.
• 1:04:13
  We're going to hit the culture segment.
• 1:04:14
  We have tons to cover. We have tons to unpack.
• 1:04:16
  We're going to be talking about abundant minds with the CEO and
• 1:04:20
  founder Bo on the show today. So let's hit the culture
• 1:04:23
  segment. Here we go.
• 1:04:25
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  What are you waiting for? Head over to leaden dot IO
• 1:06:21
  today. All right everybody, we are
• 1:06:27
  back. We got Bo in the house.
• 1:06:29
  Abundant minds. Bo to the 2140 of 40 people
• 1:06:34
  watching live right now. What is abundant minds?
• 1:06:37
  Man, I love that there's 2140 people because that is exactly
• 1:06:43
  when we think the last Bitcoin gets mined.
• 1:06:45
  So that's yeah, I. Don't.
• 1:06:47
  I don't know if we think it it's, it's, you know,
• 1:06:50
  mathematical certainty at this point.
• 1:06:53
  Plus or minus a couple days, a couple of months.
• 1:06:55
  Exactly. Yeah.
• 1:06:58
  So abundant mines were based in the Pacific Northwest, primarily
• 1:07:02
  in Oregon. We are a Bitcoin Mining Co
• 1:07:04
  location host. So essentially we just make
• 1:07:07
  Bitcoin mining accessible to investors around the world with
• 1:07:11
  no headache, no technical setup and in a totally passive way you
• 1:07:14
  can earn the best money in the world.
• 1:07:16
  So that's the the brief pitch of of who we are.
• 1:07:19
  And we're doing it for so many reasons, but one of them is that
• 1:07:24
  I believe that Bitcoin mining is the most poorly understood
• 1:07:27
  technology that's going to foster energy abundance for the
• 1:07:30
  world. And not only is it our mission
• 1:07:32
  to accelerate that, but to educate on that.
• 1:07:35
  But it's not totally passive, is it?
• 1:07:40
  It's passive for you, it's super not passive for us.
• 1:07:45
  It's. Very.
• 1:07:45
  There's a lot of not passive activity that makes it passive
• 1:07:49
  for our clients. OK, So what what?
• 1:07:53
  What is the? So what are the rates?
• 1:07:55
  What are you charging? What's your kWh?
• 1:07:57
  So we actually do a flat fee hosting model.
• 1:08:01
  So whether it's winter or summer, doesn't matter how much
• 1:08:04
  your machine is consuming, you're getting hosting for
• 1:08:07
  $225.00 a month. And that includes maintenance,
• 1:08:12
  operation, electricity, any kind of technical diagnostic, fan
• 1:08:17
  swaps, cable replacements, essentially anything that could
• 1:08:21
  go wrong with your machine. We're covering it as part of
• 1:08:23
  your hosting rate so that, as one of our clients said, we
• 1:08:26
  don't make a bunch of money on fake repairs that we're coming
• 1:08:29
  up with just so that we can charge you a bunch.
• 1:08:31
  Gotcha. And then you and then you guys
• 1:08:33
  also, you guys also sell the machines as well.
• 1:08:37
  So like if someone were to buy an ASIC from you guys, how fast
• 1:08:41
  could you have it online? Within a couple hours, in most
• 1:08:45
  cases, you know, we've got a stock ready all the time of
• 1:08:48
  units that are just sitting on the racks waiting for someone to
• 1:08:50
  come along and decide they want to make the best money in the
• 1:08:53
  world. If you're coming in and getting,
• 1:08:55
  you know, 5 or 10 million worth of equipment, then we might have
• 1:08:58
  to order some of that for you. We might not be ready with the
• 1:09:00
  stock. And in those cases, we're taking
• 1:09:02
  about two weeks to get those set up.
• 1:09:04
  So are these new machines or they used machines?
• 1:09:07
  These are new machines, so anything that you're purchasing
• 1:09:10
  has been on the racks for less than 30 days.
• 1:09:13
  Essentially just like your, your car's engine break in period to
• 1:09:16
  make sure that nothing's going wrong.
• 1:09:18
  Anything that could fail usually fails within those first 30
• 1:09:21
  days. So we're we're just checking
• 1:09:23
  that making sure that you don't sign on and immediately have
• 1:09:27
  ADOA machine that we've got to send back really quickly.
• 1:09:30
  OK, so they're, so they're new machines, right?
• 1:09:34
  You you've used, you're essentially you've used them for
• 1:09:37
  less than 30 days. You plug them in, someone you
• 1:09:40
  know goes to your website, books a call, you guys tailor then
• 1:09:43
  experience to depending on the person's budget.
• 1:09:47
  And then essentially you plug in the machine and less than 24
• 1:09:51
  hours. I mean, but how's that
• 1:09:53
  economical for you guys? Like, for example, like what if
• 1:09:56
  you guys aren't making sales? Like what if people aren't
• 1:09:59
  interested in hosting with you guys?
• 1:10:00
  Or perhaps better said, what I've seen with other hosting
• 1:10:03
  companies, you guys just don't have any machines at all to
• 1:10:06
  host. What do you what do you do in
• 1:10:09
  that type of situation? So we've always got a portion of
• 1:10:13
  the fleet that's us mining. I mean we are, we are our own
• 1:10:16
  clients as well. So we're hosting our own
• 1:10:18
  machines and mining Bitcoin alongside you.
• 1:10:22
  I'm happy to say that we haven't had that problem yet where
• 1:10:24
  people don't want to mine Bitcoin.
• 1:10:26
  It's kind of an awesome way to make passive income.
• 1:10:28
  So as quickly as we're building new sites, people are signing on
• 1:10:32
  with us and and getting into the game.
• 1:10:35
  OK. And then, OK, so let me let's
• 1:10:37
  keep breaking it down here. So, all right, so if you guys
• 1:10:40
  are mining Bitcoin, why are you guys offering hosting services
• 1:10:43
  as well? So I initially got into Bitcoin
• 1:10:47
  mining as this passive income vehicle for myself and I was
• 1:10:51
  just looking at doing it very quietly.
• 1:10:53
  Nobody would have to know who I was.
• 1:10:55
  And the unfortunate story was I tried it multiple times with
• 1:10:59
  multiple hosts and it was a nightmare each time.
• 1:11:02
  And so I never had any ambition to build a hosting company, but
• 1:11:07
  had such a painful run through on several occasions that I
• 1:11:12
  decided, you know what, the best companies that have ever existed
• 1:11:16
  solved a very painful problem. And losing half $1,000,000 of of
• 1:11:21
  money that you can't really afford to lose at a certain
• 1:11:23
  point in your life is a very painful problem to solve for
• 1:11:26
  people. And I know that this is a huge
• 1:11:30
  industry that has a lot of potential.
• 1:11:32
  I mean, it really is the best, in my opinion, the ideal passive
• 1:11:37
  income vehicle that very few people are aware of or
• 1:11:40
  understand. And the issue with it, as as
• 1:11:44
  Satoshi said about central banks, you know, he said the
• 1:11:47
  root problem with conventional currencies, all the trust that's
• 1:11:49
  required to make it work, the central bank must be trusted not
• 1:11:53
  to debase the currency. But the history of Fiat
• 1:11:55
  currencies is full of breaches of that trust.
• 1:11:58
  If you just sub in hosted Bitcoin mining with conventional
• 1:12:02
  currency or Fiat currency, you'd be very well aligned with the
• 1:12:06
  history of hosted Bitcoin mining.
• 1:12:08
  So I was an exemplar of having that really rough startup
• 1:12:11
  experience and from that had the the mission and the motivation
• 1:12:16
  to start a hosting company to solve that problem for others.
• 1:12:19
  Yeah, absolutely, some Elaine in the chat says.
• 1:12:22
  Can we visit and check it out? Oh, that's one of our favorite
• 1:12:25
  things that we do. We do about a monthly site visit
• 1:12:28
  at our main site and this one's coming up April 24th, so next
• 1:12:34
  Thursday. If anybody's in the in the
• 1:12:36
  market looking to start getting into Bitcoin mining, that's one
• 1:12:39
  of our favorite ways not just to show how trustworthy we are and
• 1:12:44
  be transparent about it, but I also think this is the best
• 1:12:48
  educational vehicle not just for Bitcoin and Bitcoin mining, but
• 1:12:52
  understanding energy, understanding data centers,
• 1:12:54
  understanding the reinvention of money.
• 1:12:57
  We sit at these intersection of trends that are shaping our
• 1:13:01
  world. And if as an investor, you don't
• 1:13:03
  understand those trends, I think you're going to be left behind
• 1:13:06
  over the next decade. And so one of our core missions
• 1:13:09
  is empowering people to understand essentially how the
• 1:13:12
  sausage is made and how the world runs.
• 1:13:14
  And so as you drive in from the Portland airport, you pass by
• 1:13:18
  our hydropower dam, and that shows you your your energy
• 1:13:22
  source. We're located right on the
• 1:13:24
  city's substation, so you can see how energy gets transformed.
• 1:13:28
  We've got our site, there's a site down the road that we're
• 1:13:30
  working on acquiring. Both are very different in terms
• 1:13:33
  of how they're built. And so you can see how different
• 1:13:35
  models of of infrastructure work in different contexts.
• 1:13:39
  And I just see it, you know, as as much as this is about
• 1:13:42
  building a successful business, it's about educating the world
• 1:13:45
  for us. So we love having people come in
• 1:13:47
  and see everything in person. And it's also beautiful.
• 1:13:50
  It's not like an oil field in West TX where there's nothing
• 1:13:53
  around but dust and tumbleweeds. We've got mountains and rivers
• 1:13:57
  and streams and great food, and I love being in the Pacific
• 1:14:01
  Northwest. It's absolutely AT code for
• 1:14:03
  marketing. Very, very cool.
• 1:14:05
  So a couple of questions. So Bo, what differentiates you
• 1:14:09
  guys compared to the other, you know, hosting service providers,
• 1:14:14
  specifically the ones that are much bigger that perhaps have
• 1:14:18
  the economies of scale that you know your company, perhaps
• 1:14:21
  you're not quite there yet, right?
• 1:14:23
  So what, you know, why should people go to abundant minds
• 1:14:26
  versus perhaps some of the other bigger players?
• 1:14:30
  Yeah. I think what separates a smaller
• 1:14:34
  company from a larger company in a lot of cases is the kind of
• 1:14:37
  experience that you get. It's not like you're a factory
• 1:14:42
  part on an assembly line going through a, a company's process.
• 1:14:45
  You really get a lot of 1 to one attention.
• 1:14:48
  And that's what we love providing is, is not just
• 1:14:51
  setting you up quickly and, and having a hands off service where
• 1:14:54
  you never hear from us again, but being very commutative and,
• 1:14:58
  and having a lot of like private events, you know, insider talks
• 1:15:02
  where we're having people come in and educate our clients from
• 1:15:05
  the industry who you couldn't pay for time if you wanted to.
• 1:15:09
  Really just providing that one to one service and also it being
• 1:15:12
  a truly inclusive service. So my biggest regret or my, my
• 1:15:18
  biggest painful experience, apart from just setting up with
• 1:15:21
  a host who really didn't care whether I made money or not, was
• 1:15:24
  getting in and not being told that on a half million dollar
• 1:15:28
  investment, I would have an upfront $30,000 repair and
• 1:15:32
  diagnostic bill to essentially have a college intern go through
• 1:15:36
  and, and very poorly diagnose my machines that I was, I was
• 1:15:39
  getting set up. So when people get into this
• 1:15:42
  industry, I think they're, they're often very surprised by
• 1:15:45
  how many different ways they can be nickel and dimed.
• 1:15:48
  And that's one understanding and, and just there being a lack
• 1:15:52
  of understanding and it being a new industry, but it's also just
• 1:15:55
  a, a, a business model trend that that seems to be the way
• 1:15:59
  that most hosts do it. So we do everything possible to
• 1:16:02
  make this as hands off and seamless and headache free as it
• 1:16:06
  possibly can be for people and offer a premium service so that
• 1:16:10
  you can focus on getting educated and being a more
• 1:16:12
  empowered investor rather than focusing on managing whether
• 1:16:15
  your repairs are going well or not.
• 1:16:18
  Absolutely no, that makes perfect sense, Opti.
• 1:16:21
  Yeah, I want to circle back to something, Bo, because you said
• 1:16:24
  it very quickly, and I think it's very important to double
• 1:16:27
  down on this idea. And I know you can elaborate.
• 1:16:30
  You were telling us this before the show, but you said Bitcoin
• 1:16:33
  mining is key to an abundant energy future.
• 1:16:35
  Can you explain and expand on that for the audience out there?
• 1:16:38
  Because I'm sure a lot of people are just like, yeah, cool, bro,
• 1:16:41
  like you're trying to take my money, but like, what do you
• 1:16:43
  even mean by this? So in the in the smaller sense
• 1:16:48
  in the Northwest, our mission is to lower the cost of energy for
• 1:16:51
  everybody in our region. It's part of why we're
• 1:16:53
  regionally focused. Apart from just having what I
• 1:16:56
  think is, is the ideal climate, I call it Eden for Bitcoin
• 1:16:59
  miners. We also have the unique ability
• 1:17:02
  to impact the grid up here and when we participate in demand
• 1:17:07
  response and curtail our load, you know, turning off for 1% of
• 1:17:11
  the year just to give that energy back at peak periods with
• 1:17:14
  a very small pinprick. Essentially we're playing grid
• 1:17:18
  scale acupuncture and, and lowering the friction in the
• 1:17:22
  energy system and making resources available, essentially
• 1:17:25
  increasing the flow by removing ourselves for that brief period
• 1:17:30
  of time. And that 1% of time that we cut
• 1:17:33
  off actually saves 10 to 15% of the costs that are incurred
• 1:17:37
  throughout the year for utilities.
• 1:17:39
  So that's what we're doing in a local sense.
• 1:17:42
  But for Bitcoin mining broadly, there's this, the scale that
• 1:17:45
  probably many Bitcoiners have heard of called the Kardashev
• 1:17:48
  scale, where you can Class A civilization by how much energy
• 1:17:53
  it's able to utilize and store. And it runs from class 0 to
• 1:17:58
  class 5 or type 0 to type 5. And we are a type 0
• 1:18:03
  civilization. So we're still like stone tools
• 1:18:06
  and making fire with sticks in terms of how much energy we can
• 1:18:10
  channel. And Type 1 is when you can
• 1:18:14
  channel all of the energy available on a planet.
• 1:18:18
  And once we get to that level, we start moving up the
• 1:18:22
  civilizational scale and start unlocking these these true to
• 1:18:26
  life realities like Star Trek and Star Wars, where amazing
• 1:18:30
  technology becomes available, unbelievable advances in how we
• 1:18:35
  live as a civilization. And it's all founded on energy.
• 1:18:39
  And the reason that Bitcoin mining is that unlock is because
• 1:18:43
  it's the first essentially bottomless pit of desire for
• 1:18:50
  energy that's ever existed. You know, whether you were able
• 1:18:54
  to innovate in energy in previous decades, you didn't
• 1:18:57
  necessarily have a 24/7 demand for that anywhere in the world.
• 1:19:02
  And the system of incentives called the Bitcoin network is
• 1:19:05
  the 1st 24/7 bottomless pit of demand for energy that
• 1:19:10
  incentivizes building new, better and more abundant energy
• 1:19:13
  resources and making better use of our civilizational resources
• 1:19:18
  that we've ever had. So that coupled with the
• 1:19:21
  insatiable demand for AI compute, which is a whole other
• 1:19:25
  topic. We can talk about bootstrapping
• 1:19:27
  between Bitcoin and AI, but to me Bitcoin mining is that key
• 1:19:32
  unlock that moves us closer to being a type 1 civilization.
• 1:19:37
  That's yeah, I absolutely love that and.
• 1:19:40
  Look, I wanna pop in here again and just kinda expand a little
• 1:19:43
  more on this cuz I absolutely love that message you just got
• 1:19:46
  across. Because when most people think
• 1:19:47
  about Bitcoin mining or at least hear about Bitcoin mining from
• 1:19:50
  like the corporate press, it's the complete opposite.
• 1:19:53
  How many things have we heard in the last couple of what was the,
• 1:19:55
  you know, the riot, you know, blockchain one or New York Times
• 1:19:59
  said where, you know, like the, the city of wherever they are.
• 1:20:03
  Forget it's like more smoggy. You know, we're going to boil
• 1:20:06
  the oceans. We're going to take more energy
• 1:20:09
  than Norway or whatever. You know, like all the energy of
• 1:20:12
  the world's going to be focused on Bitcoin mining and boats.
• 1:20:16
  Just like, no, like we're going to actually.
• 1:20:18
  To use our energy efficiently and this is going to make us a
• 1:20:23
  better society. Like I have more people need to
• 1:20:25
  hear this because the the majority of the FUD they get is
• 1:20:28
  like, Bitcoin's going to boil the oceans like it's over.
• 1:20:30
  These Bitcoin miners are greedy capitalists and they want to
• 1:20:34
  pollute the world. And you're like, no, actually
• 1:20:36
  it's the complete opposite. And like, I'm guessing all of
• 1:20:39
  your energy is literally completely green.
• 1:20:40
  Are you guys 100% green here? It sounds like that.
• 1:20:43
  Yeah. So we're, we're on the the
• 1:20:45
  Northwest grid supplied by BPA. So that's about 95 percent
• 1:20:49
  hydropower with small slice of nuclear, wind, solar, bio gas.
• 1:20:55
  You know, it's an extremely clean grid region.
• 1:20:58
  So we're very proud of that fact.
• 1:21:01
  Oh yeah, man. Well guys, go to Abundant.
• 1:21:04
  One last one last thing. You said it earlier, Beau, but
• 1:21:07
  I'm I'm going to bring this back in and here actually, let me let
• 1:21:11
  me just hit you hint you what it is in in the private chat so you
• 1:21:16
  can do the the final send off for why people should be mining
• 1:21:20
  Bitcoin with abundant mines. Oh man, well appreciate the send
• 1:21:25
  off Opti. You know, we, we said it earlier
• 1:21:28
  in the show, we've gone through a lot of stages in the Bitcoin
• 1:21:31
  space where first it was totally dismissed, then it was attempted
• 1:21:35
  to be regulated, you know, and then very recently we've got a
• 1:21:39
  strategic reserve for Bitcoin and now we see the Trump family
• 1:21:43
  is actually mining it and that we're looking at accumulating
• 1:21:46
  more of it with tariff revenues. So the people with the most
• 1:21:49
  power in the world and the most inside knowledge are looking at
• 1:21:53
  getting into Bitcoin mining right now and actually already
• 1:21:55
  are in it. So the question for anybody
• 1:21:58
  listening is what are you doing? You're against me.
• 1:22:04
  Yeah. Listen, that's cool.
• 1:22:06
  Motherfucking boy. Go check out abundantminds.com
• 1:22:13
  For more information. This is the CEO Bo on today,
• 1:22:16
  Simply Bitcoin Live. Also, do you want to give a
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• 1:23:00
  We will have a booth there we will be there this whole simply
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