Latest / Simply Bitcoin / BlackRocks NEW Report EXPOSES The Central Bank Bitcoin Dilemma!! | EP 1295

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BlackRocks NEW Report EXPOSES The Central Bank Bitcoin Dilemma!! | EP 1295 · Simply Bitcoin

0:00
Blackrock's new 19 page report just exposed the central bank's
0:05
Bitcoin dilemma. This one line they buried on
0:09
page 14 about Bitcoin might seem insignificant until you see what
0:13
the BlackRock insider Jay Jacobs said on Twitter.
0:18
Before we get to what he said on Twitter though, let's check out
0:20
this report. It's got some beautiful graphs,
0:22
guys. You know, one thing we can't say
0:24
about Tradfi is that they don't make good graphic here.
0:28
They're absolutely beautiful. So checking this out, this is
0:32
called the Thematic Investing Mid Year Update.
0:35
And you can see here, you know, 10 charts for seeking long term
0:38
growth. This was just dropped.
0:40
Anyways, I'm going to read the key takeaways and then I'm going
0:42
to jump straight to page 14. So the key takeaways, AI and
0:46
geopolitics remain 2 of the most influential forces shaping
0:49
global markets in 2025. And their momentum is
0:52
accelerating. And then they talk about their
0:55
ten beautiful charts that illustrate what they've learned,
0:57
what's changed, and what the next order implications of these
1:00
powerful mega forces may be. You guys can read the first and
1:04
second one, but I think the third one is the most
1:06
significant for us here at Simply Bitcoin.
1:09
And for you guys watching again, when Larry Fink, or rather when
1:12
BlackRock starts dropping information, people take notice.
1:17
And they are saying a lot of the things that we've been saying.
1:20
Of course, we've been bringing you guys the data on the show
1:23
for, you know, since the inception of this shell.
1:26
But one of the big kind of key metrics we saw come out, I
1:29
believe it was last week, is this idea that the dollar has
1:33
had its worst start of the year since I believe it was like 1973
1:38
with a 10% decline in purchasing power compared to other
1:41
currencies. So with that in mind, check out
1:43
number three. Geopolitical fragmentation is
1:46
rapidly changing the landscape for tech, infrastructure,
1:50
defense spending, and the dollar.
1:53
Now we all know BlackRock is probably the biggest Fiat maxi
1:57
company out there, but even they can't ignore that there is a
2:02
geopolitical trend changing around the dollar right now.
2:06
We've been covering this all year long since last year as
2:08
well. This idea that a lot of people
2:11
do not want treasuries. A lot of people are waking up to
2:14
what US bit corners have known for a long time, that you can't
2:18
save in dollars. And they lay out all the
2:20
different things. Of course, they are kind of
2:22
referencing AIA lot in this report here.
2:26
So I'm going to just jump over all this other stuff.
2:28
You can see most of this stuff is about AI.
2:31
Nico's a huge AI guy. I'm, I'm a little more on the
2:33
fence about it. But again, most of these charts
2:36
were around AI. You know what it's doing, its
2:38
impact, etcetera, etcetera. But you can see here, they do
2:41
have a chart here of this idea of geopolitical fragmentation.
2:46
And we've been covering this for a long time.
2:48
They've been using, they're using kind of different metrics.
2:51
Our metric is always this idea, hey, they're going to print more
2:54
money, people want to avoid U.S. debt right now, and people are
2:57
looking for alternatives. They are essentially saying the
3:00
same thing, but they're looking at it from a different vantage
3:02
point. Anyways, let's go to page 14
3:06
where it's literally could seem like a one simple insignificant
3:11
line about Bitcoin. Again, maybe the signal is
3:13
BlackRock is just continuously writing stuff and and inserting
3:17
Bitcoin into these conversations, which is
3:19
something that we do here constantly as Bitcoiners.
3:22
Anyways, for the audio listeners, we have page 14 and
3:26
it goes de dollarization is shifting central bank reserves
3:30
to other assets. Global central banks are
3:33
diversifying beyond the dollar, leading to a rise in other
3:37
currency reserves, gold holdings and consideration for emerging
3:41
assets like Bitcoin. Now reading this on the surface,
3:44
you're like, wait, is BlackRock saying central banks are going
3:47
to diversify into Bitcoin? That might be a bit of a
3:50
stretch, but we are seeing that central banks around the world
3:54
are doing their best to acquire more gold.
3:57
I think we've seen a probably all time high in this case of
4:01
central banks trying to kind of repatriate their gold, get their
4:04
gold back into their reserves. But it is interesting that they
4:08
put Bitcoin into this conversation and you could look
4:11
at this chart. I mean, it's interesting chart
4:13
here, but you have this white line, it's gold reserves.
4:16
Honestly, it just keeps going up since the 90s here, but it's at
4:20
all time high. You can see this blue area,
4:22
which is other allocated global reserves, which is, you know,
4:25
who knows what that actually is, what they're talking about,
4:27
whether that's treasuries, whether that's Bitcoin and you
4:30
can see USD reserves, U.S. dollar reserves are going down.
4:33
And this is kind of the general trend that US bitcoiners have
4:36
been saying for a long time that it seems like people are maybe
4:40
it's. Slowly, but it seems like
4:42
people. All are moving away from the
4:44
dollar, as you know, the pristine store of value, the
4:48
pristine collateral here, whether that's treasuries or
4:51
just holding dollar themselves. It is an interesting trend that
4:55
we've been covering along. And this is where I kind of have
4:58
started to lean into more of the geopolitical, more macro stuff
5:01
is because of this trend and kind of showing me, OK, hey, if
5:05
this is the trend that's going on, then as a bitcoiner, whether
5:08
I like what is happening, whether I like what I'm seeing,
5:11
it's good to even understand what this is.
5:14
You know, Nico's more on the political side.
5:16
Whenever we talk about macro geopolitics, he's like, I, this
5:19
is Opti's place, which is funny because I'm just, I'm new to the
5:22
space and geopolitical geopolitics and macro.
5:25
But as we've talked about here for a long time, everything that
5:29
you do kind of as a Bitcoin or once you understand Bitcoin, you
5:32
can look at all this stuff through the Bitcoin lens.
5:34
So This is why I've personally been kind of focusing on the
5:38
macro geopolitics because of this trend that we're seeing.
5:41
And BlackRock is saying this exact thing.
5:43
Now, again, the interesting part about this was when it was
5:47
tweeted on, you know, Twitter or posted on Twitter, it is Jay
5:52
Jacobs, again, US head of equity ETFs at BlackRock.
5:55
So this is the guy that is posting about this and he's the
5:58
one probably making all these pretty charts or maybe it's his
6:01
interns making the charts and he's writing about it.
6:03
Anyways, he tweets our 2025 thematic mid year update.
6:07
It explores how monetary alternatives, including gold,
6:10
increasingly being used as reserves among central banks.
6:14
Now, again, on the surface, you're kind of like, OK, I'm not
6:17
a central bank. Why do I care about this?
6:19
Well, he adds Bitcoin as a follow up to that sentence.
6:23
And he goes, and at the same time, a growing number of
6:26
investors may be looking to Bitcoin to serve as a
6:29
diversifier. You heard that right.
6:31
This is what our thesis here is as Bitcoiners, they're going to
6:35
keep printing money. People do not want to hold
6:38
treasuries. People do cannot hold dollars.
6:41
They're going to look for alternatives.
6:43
Obviously, historically that's been gone and now there's a new
6:46
kid on the block, which is Bitcoin.
6:48
And now the market retail is kind of waking up to that.
6:51
Institutional retail is waking up to that.
6:54
I actually have a, a kind of pretty bad graphic for the
6:57
culture about retail, you know, Main Street retail that we'll
7:00
cover later. Anyways, Bitcoin to serve as a
7:02
diversifier as evidenced by Ibid, of course, the BlackRock
7:06
ETF surpassing $85 billion in assets under management in July
7:11
after less than two years on the market.
7:13
Now, I do want to get Nico in here, but I think before I do
7:16
that, I really want to show you just how impactful the Black
7:21
Rock ETF is. And with the context of what the
7:24
report just said, I think it makes the case of what Jay
7:29
Jacobs is saying here that people are looking for
7:31
alternatives here and Bitcoin is that great diversifier here.
7:36
So first of all, you guys, we played this on the show or put
7:38
this on the show, we have Eric Balkunas.
7:40
These are actually all Eric Balkunas tweets falling out
7:42
because he's just been dropping the great data.
7:44
Of course, this is what that tweet was saying that I bit blew
7:47
past the 80 billion mark, the fastest anyone has ever done,
7:52
literally it did in 374 days. And the the second fastest one
7:56
at this point was 18114 days, three times faster.
8:01
That's the interest that there is for Bitcoin from
8:04
institutions, from Wall Street, from institutional investors,
8:07
which you could argue is retail. Now, the next one is this one,
8:11
Eric Balkunis. This was last week or rather 10
8:14
days ago. He goes, I wrote last week that
8:16
IBIC could hit $100 billion this summer, but heck, could be this
8:20
month. Now we didn't hit that yet, but
8:23
this is what you're seeing. The interest is increasing and
8:26
he even goes further and goes thanks to recent flows plus
8:29
overnight rally, it's already at 88 billion.
8:32
This was like 2 days following it at only 1.5 years old.
8:36
It is now the 20 twentieth biggest in the US, the seventh
8:40
biggest ETF for BlackRock and their number one most profitable
8:43
ETF. It's in freaking believable.
8:46
It's this is destroying everything else.
8:50
And again, with the context of the report, the mid year review
8:53
report with one seemingly insignificant line about
8:56
Bitcoin, you're seeing that they are looking towards Bitcoin as a
9:01
diversifier. And we've been hearing all of
9:03
you know, institutions come out here and saying, hey, you need
9:06
to have some Bitcoin in your portfolio, whether that's 12510,
9:11
we've recently heard 40% of your portfolio should be in Bitcoin.
9:15
So the trend and the signal is catching on and and that's not
9:19
that's not it guys. You know, I bet is taking over
9:21
4th place on the year to date flow leadership passing SPLG.
9:25
What's also why it is I bet is fifth in three years flows
9:29
despite only being alive for 1.5 years.
9:32
You heard that right. It's only been alive for 1 1/2
9:34
years and it's still #5 on the three-year flows.
9:38
That is a lot of interest coming into the I bet BlackRock ETF,
9:44
specifically a lot of interest coming into Bitcoin.
9:47
You know, the non correlated parallel asset neutral money,
9:52
however you want to frame it. People are watching this on Wall
9:58
Street, the institutional investors.
9:59
Of course, there's a lot of people that say, hey, look, you
10:01
know all this Bitcoin that BlackRock has, like it's Larry
10:04
Fink buying that Bitcoin. No, you, you got to remember,
10:07
these are the clients of BlackRock that are buying that
10:10
Bitcoin. It's not just one individual
10:12
saying, hey, we, we need to buy all this Bitcoin.
10:14
It's a multitude of individuals realizing there may be something
10:18
wrong going on and I probably should buy some Bitcoin.
10:21
And to wrap this up, this month we have Ibid is now the third
10:26
highest revenue generating ETF for BlackRock out of 11197 funds
10:31
and is only 9 billion away from being number one.
10:34
Just another insane stat for a 1 1/2 year old.
10:38
Literally infant ETF. And they got the whole top ten
10:42
list here. So look, we like spot Bitcoin.
10:45
We're spot Bitcoin Maxis unless you have capital in the trad fi
10:50
system and there's only one way to get exposure to Bitcoin.
10:53
We we basically tell you do not buy the ETF if you don't if you
10:57
can buy spot Bitcoin, why would you buy ET FS and we and we all
11:00
know the paper Bitcoin summer meme going around right now, do
11:03
not buy paper Bitcoin. Buy the real thing.
11:06
But with that being said again, the signal coming from BlackRock
11:10
is people are looking to diversify away from the dollar.
11:12
I think I saw it this morning and it was saying the dollar is
11:17
losing its shine to investors right now.
11:19
And this is something we've been covering on the show for a
11:21
while. We've seen it come from the
11:23
BRICS nations. Now we're seeing it come from
11:25
domestic investors. It's like the writing's on the
11:29
wall from a bit corners perspective.
11:30
It's so easy to see what is going to play out right now.
11:33
But now we have the biggest, you know, biggest institution in the
11:35
world basically saying, yeah, you know, based on our data,
11:38
what we seeing mid cap review of 2025, the people that are buying
11:43
from us, our clients, our customers, they don't want the
11:46
dollar right now. And with the performance of the
11:48
ETF just goes to show this is really starting to take over the
11:52
world. I know a lot of you guys out
11:54
there don't like Wall Street so much, but they are, they want
11:58
the Bitcoin. And this should possibly mean
12:01
that number goes up at some point and you go, I don't know,
12:03
I we're still waiting here how much paper Bitcoin is in the
12:06
system? Because with all of this
12:08
interest in the Bitcoin, it's hard to see how the price could
12:11
be stagnant at what, what is it? I didn't even look at the price
12:13
today. It's like one 18117 or something
12:15
like 120. We're going to say 120.
12:18
It's hard to see Bitcoin just going sideways when you're
12:21
seeing the capital flow into Bitcoin accelerate at this pace.
12:26
Again, literally the best performing ETF ever, and that
12:30
doesn't even account for all the supposed Bitcoin that the.
12:33
Corporate treasuries are. Buying but there is something
12:36
that's been missing yes we've seen Google Trends go up for
12:39
retail but the chart I'm going to show you guys later I could
12:42
put it here but we're we're we're going to talk more about
12:46
that in the end of the show and it would be fitting here but
12:50
let's just say that institutions are eating our lunch right now
12:53
and they want Bitcoin so if you're selling Bitcoin who are
12:58
you selling it to Nico it's sailor and.
13:01
Larry Fink's customers. You're selling it to Wall
13:03
Street. Also want to give a shout out to
13:05
the chat. It's actually being nice to me
13:07
today. Appreciate it.
13:08
We've got in two super chats so far.
13:11
Thank you, Ron, and thank you Mexico Huddle if you guys are
13:14
enjoying the show so far, we're 1300 live viewers between
13:17
YouTube and X and of course, Rumble coming in strong Smash.
13:20
That like button really, really helps with the algos.
13:22
But to go back to Opti's point, yeah, I mean, it speaks for
13:28
itself. The best performing ETF
13:33
BlackRock has ever had. That's so crazy to say.
13:36
That is so crazy to. Say it is.
13:38
It is on the verge of being the most profitable ETF.
13:42
And I always talk about this, ladies and gentlemen, and you
13:45
can't, you can't look past it. Alignment of incentives.
13:50
Max Keiser makes a joke about it where he's like, who's the best
13:54
a Bitcoin employee of the year of the month?
13:57
The best Bitcoin employee of the month right now is BlackRock
14:00
dropping those types of reports? The best Bitcoin employee of the
14:03
month is Larry Fink is Daddy Fink with those with those types
14:07
of reports. Man, it's absolutely fantastic.
14:11
Bitcoin is winning, and this confirms what Bitcoiners have
14:16
been screaming from the rooftops for the past decade, that it is
14:20
the best asset the world has ever seen.
14:23
So is it a surprise that it is the best performing ETF in
14:28
history? No, it's not a surprise at all.
14:32
It was in inevitability they tried to stop it.
14:35
They tried to delay it, but because of Bitcoins incentives,
14:39
because of bitcoins decentralization, you cannot
14:42
stop the honey badger. The fact that they're dropping
14:45
these types of reports, do you think?
14:48
Listen guys, no one is better than their incentives.
14:52
If Black rocks third most profitable about to be one of
14:57
the most profitable ETF is Bitcoin, what do you think
15:01
BlackRock is going to do? BlackRock owns basically every
15:07
single company. They have ownership in it.
15:10
Why do you think this whole like, you know, the whole, you
15:13
know, environment thing, Fudd? Why do you think that all
15:16
stopped simultaneously? Why do you think Bitcoin mining
15:19
became all of a sudden good for the environment?
15:21
Why do you think you don't see those articles anymore?
15:25
Because no one is better than their incentives.
15:27
Guys, listen, I tweeted this out yesterday because I usually try
15:31
to tweet out once a day. I usually try to post once a
15:33
day. But at this point, I said, guys,
15:37
we won. There's really nothing else to
15:39
talk about at this point. Like it's just a patience game,
15:42
right? So this is what winning looks
15:45
like. This is what winning feels like.
15:47
And and I get for a lot of Bitcoiners that are watching us
15:50
right now, it might not seem that way.
15:52
Why? Why would it not seem that way?
15:55
Well, because you might be perceiving this as like look
15:59
like, you know, what does it matter if Black Rock's ETF is,
16:03
you know, the best performing what?
16:04
What does it matter if you know the President of the United
16:08
States has in the top ten largest Bitcoin treasury
16:12
company? Like why does all of that
16:14
matter? It matters because again,
16:18
Bitcoins not being banned and the people that the capital that
16:23
is required in order for Bitcoin to go to $1,000,000 per coin, to
16:29
go to $2,000,000 per coin, to go to $5,000,000 per coin.
16:35
It's waking up. It's woken up to that fact, to
16:39
that reality. Appreciate the I don't know what
16:42
they call it on Rumble. Yeah, yeah.
16:43
What's? I didn't even know there were
16:45
Rumble super chat, but let's go. Appreciate the Super chat on
16:47
Rumble from Zigzag. But yeah, this is what winning
16:52
feels like. Embrace it, feel it like it.
16:55
Appreciate it. This is what it feels like.
16:57
It's fantastic. And we're winning.
16:59
Now my warning, it's gonna, I'm gonna continue to warn people.
17:03
I'm gonna continue to advocate for it.
17:05
Guys, self custody, self custody.
17:10
You have to take self custody of your Bitcoin.
17:13
If you're selling your Bitcoin right now, you're basically
17:17
selling it to the institutions. You're you're not selling it to
17:21
other plebs. This market has matured, it's
17:25
grown up. Bitcoin is mainstream now.
17:28
It's like this is year one or year 2 of Bitcoin becoming
17:32
mainstream since they approved the ETF of January 2024.
17:38
Think about it under a hostile administration.
17:41
This is how much influence BlackRock has, right?
17:44
They still got the ETF jammed through.
17:49
The world of Bitcoin has changed.
17:51
Right now, Bitcoin is become an asset that is taken seriously by
17:56
governments worldwide. It's taken seriously by
17:59
institutions. If you're a higher net worth
18:01
individual, you don't have a choice but to have exposure to
18:06
this. Even if you don't want exposure
18:09
to this, the fact that Coinbase, the fact that strategy might be
18:13
on the verge of being added to the S&P 500 guys, it, it, it,
18:19
it's, it's done, it's over. Bitcoin isn't going anywhere.
18:24
It it's, it's a done deal. And you know, they're going to
18:27
keep releasing these reports. And I don't know about you guys,
18:30
but the longer you stay in Bitcoin, like the longer you
18:35
stay and the longer you, you know, you benefit from number go
18:40
up, the more you invest in it, the more you you feel bullish
18:44
about it, the more you feel optimistic about the future.
18:48
You don't think these institutions are not going to
18:50
feel the same way. Imagine BlackRock after holding
18:54
Bitcoin for four years. Imagine strategy.
18:57
Strategy just started. Like I've been holding Bitcoin
19:01
longer than strategy has. Opti's been holding Bitcoin
19:03
longer than strategy has. Imagine strategy after a decade.
19:07
Look at what what they've done in half a decade.
19:09
Imagine in in four years. Actually look at where they're
19:12
going to be 10 years from now. It's not going to stop.
19:17
And we actually have a we have a clip for you guys.
19:19
Pete Russo posted it and essentially Sailor was making
19:24
the case that you're going to see a world where Google, Apple,
19:30
the largest corporations in the world are going to be
19:33
transacting in Bitcoin. Bitcoin solves the problem.
19:36
Try sending a wire overseas. It's like impossible, right?
19:41
So again, fantastic coverage from Opti.
19:45
You know, Opti's becoming the simply Bitcoin macro guy.
19:48
It's impressive to me. Like, holy cow, he understands
19:50
these concepts. Politics macro is a hell of a.
19:54
Geopolitics. Geopolitics guy.
19:57
Like fantastic combination. Wait, Nico, though the the real
20:00
question is that no one wants to ask anymore because we don't
20:04
want to be wrong and get yoke on her face here.
20:07
Is this time different? It's.
20:10
Totally different. It's totally different.
20:12
I asked Mark Moss this question yesterday and that pod's going
20:15
to be dropping on Saturday. And what he told me is like,
20:20
look, the four year cycle's intact until it's not.
20:23
Yep. So because I remember last
20:25
cycle, even Sailor was like, you know, you should like, you know,
20:30
you should take leverage and buy more Bitcoin and we had a
20:32
correction, right. So I think and also another
20:36
thing too, ladies and gentlemen, is that Bitcoin is very, very
20:40
correlated with the money supply, right?
20:44
That's something that it, it's, it's correlated.
20:46
Maybe it's a lagging indicator, whatever, but it's definitely
20:49
correlated. And here's the thing, what Lynn
20:52
Alden has been making the case for nothing stops this train.
20:56
So if we know at this point, guys, DOGE was they promised $2
21:02
trillion in cuts. Not the shit coin, right Doge?
21:06
As in Elon Musk's initiative, right?
21:08
They promised $2 trillion in cuts.
21:11
They were only able. To get 150 billion, they have no
21:16
intention of stopping the money printing.
21:20
And when they print money, Bitcoin goes up.
21:24
That's what it does because it's absolutely scarce.
21:28
So all the stars and planets are aligning.
21:31
This is what we are hoping for and wishing for back in 2017,
21:35
back in 2018, we were hoping and wishing that the institutions
21:39
would come and legitimization. And you know what, In a way, we
21:42
were right. We were just like 5 years early,
21:47
right? You needed a Michael Saylor to
21:49
prove the strategy. You needed BlackRock to say,
21:53
hey, listen, guys, there's an, there's a, there's an
21:57
opportunity to profit from this Bitcoin thing.
22:01
We got a lot, We got to use our political influence to jam this
22:06
through no matter what. And they jammed it through,
22:09
right? And what happened, what
22:11
happened, what all Bitcoiners would have predicted was going
22:16
to happen the best. Could you pull up that chart
22:18
'cause it's so impactful, the chart of the Bitcoin, the the
22:22
Black Rock ETF compared to everything else?
22:26
Did I pull it? Up right there.
22:27
Yeah, right there. Like one second, guys, one
22:30
second. This is what you call absolute
22:35
dominance. And, and here's the thing.
22:37
Look. There we go.
22:38
Here's the IT doesn't matter how much you dislike Bitcoin.
22:43
It doesn't matter how ideologically opposed you are to
22:46
Bitcoin. The fact is, is that if you are,
22:51
if you believe in capitalism, if you believe in making a profit,
22:58
if you believe in investing, OK, you cannot deny the fact that
23:04
Bitcoin is the superior asset. There is no discussion here.
23:11
Michael Saylor is proving that with his his company
23:15
outperformed NVIDIA in the midst of an AI boom.
23:21
This is a company that specializes in manufacturing
23:25
GPU's that literally that's what powers all this AI stuff.
23:29
If you guys are using ChatGPT or any of the AI or Grok or
23:33
whatever, they're using NVIDIA hardware in order to power all
23:39
that computation and strategy. Just by holding Bitcoin
23:45
outperformed that company. What do you think is going to
23:48
happen? Do you think like 5 years from
23:51
now? Google can't resist, Apple
23:54
cannot resist because they would be at a competitive disadvantage
23:58
to companies that do hold Bitcoin.
24:01
Tesla right now, Tesla. We're going to talk about this
24:05
during the during the news segment, which is part of the
24:10
Big Seven. They now hold $1.2 billion worth
24:15
of Bitcoin. I think their profit is like
24:18
500. I forget what the exact number
24:21
is, but it's like 500. It's like 500.
24:26
It's like 5 or 700 million. They didn't make a car for that.
24:31
They didn't like there. There was no like they didn't
24:34
have to do anything. All they had to do is reallocate
24:38
a portion of their Fiat of their cash equivalents and put it into
24:44
Bitcoin and they made a profit. That's all they had to do.
24:48
They didn't even have to make, they didn't have to do labor or
24:51
anything, right. So there's going to come a time
24:56
where the big seven and you have to understand how much cash
24:58
these guys are holding. The reason they're OK
25:01
withholding it is because of how much profit they make.
25:05
Apple, Google, Microsoft, they make so much profit that they
25:08
don't care if they're losing, you know, 10s of millions of
25:12
dollars in purchasing power due to debasement on a yearly basis.
25:16
Imagine if we flip that up and imagine if we turn that on its
25:19
head and say, listen, you're not only going to sit, you're not
25:23
only going to hold a melting ice cube, but you're not going to do
25:25
that anymore. That ice cube is actually going
25:28
to grow. So on top of you being a
25:31
fantastic company with all the profits that you make with those
25:35
profits, now you're putting those profit profits into
25:38
something that's absolutely scarce and increases in
25:41
purchasing power over time, increasing your bottom line,
25:46
increasing your ability to invest in R&D, increasing your
25:51
ability to grow your business. Now apply this to small
25:54
businesses. Perhaps you're not as profitable
25:57
as the big seven. You know, let's say you're a
25:59
small business, you're making half $1,000,000 a year,
26:02
$1,000,000 a year, and you're putting some of those profits
26:04
into Bitcoin. Your runway gets longer and
26:09
longer and longer overtime. This is what we're witnessing
26:13
right now. Bitcoin has infected.
26:17
Wall Street has infected. It infected.
26:21
It I don't know if infected is the best word, but keep going.
26:23
Infected Wall Street look to the point me and Opti listen we
26:27
should we just started a YouTube channel right?
26:29
We started a a a Bitcoin YouTube channel last week we were at the
26:33
NASDAQ. OK, this is, this is, this is,
26:36
you have to understand what is happening here, ladies and
26:39
gentlemen, this is what winning looks like when BlackRock drops
26:43
a report like that. They're not doing this because
26:46
Larry Fink found Satoshi and all of a sudden he's like, all this
26:51
is wonderful. No, he's like, I can make a lot
26:54
of money out of this. Then the beauty of Bitcoin
26:57
though, is that with Larry Fink making a lot of money out of
27:00
this, the plab that owns .01 Bitcoin, they're going to
27:05
benefit from that number go up too.
27:08
So you have an aligned incentive structure between the elites and
27:13
everyone else. And the problem, the fundamental
27:16
problem with Fiat, the big problem with Fiat is the
27:19
misalignment of incentives. You want to know why your
27:24
government is dysfunctional? You don't want to know why it's
27:27
not really working out. No matter we have a global
27:29
audience. It's because of the
27:31
misalignment. They don't answer to you.
27:35
They have a money printer. If they have a money printer,
27:39
their incentive is let me just to make sure that this money
27:44
printed is not and this money printer is not affected.
27:46
This is how I get paid. This is how we, this is how we,
27:49
you know, fund the social programs.
27:52
This is how we do this. This is how we do that.
27:54
Let me make sure that this money printer is not touched.
27:58
Bitcoin goes in there and it aligns the incentives of
28:03
corporations like BlackRock. It aligns the incentives of
28:07
governments. Now you have the President of
28:09
the United States. Right now, Trump Media Group.
28:14
They are the 6th largest holder of Bitcoin treasury companies.
28:20
They hold 18,430 Bitcoin. The president owns 50% of that
28:27
company. The President of the United
28:31
States owns 50% of a company that holds 18,430 Bitcoin.
28:39
What do you think they're going to do when they get Powell out?
28:42
What do you think they're going to do?
28:43
They're going to use that money printer go Burr and they're
28:46
going to put it somewhere. What do you think?
28:48
What do you think's going to happen to the price of Bitcoin?
28:50
What do you think it's going to go?
28:51
Do you think it's going to go down?
28:53
It's going to go to the moon. It's This is why I tweeted this
28:56
last night. It's a patience game at this
28:59
point. We've won it's game set match.
29:03
Now it's just about waiting it out, feeling it out.
29:07
There's going to be corrections along the way, but we are on the
29:12
verge of the money printer going Burr and using that Burr to buy
29:19
something that has absolute scarcity.
29:23
I don't know what the equation is or what the outcome of that,
29:29
you know, is going to be, but I'm pretty sure it's going to
29:35
be. Could you play with the rocket
29:37
ship, please? Because it's very fitting for
29:40
this moment. Rocket.
29:41
Ship get. On board.
29:43
That that's it. That's what's going to happen.
29:45
It's going to go. So get yourself on the train.
29:50
The train has left the station. You still have the opportunity
29:54
to Sprint and jump on the caboose, right, which is the
29:59
last train cart. You could jump on it like the
30:01
Indiana Jones movies, but that train is moving and you have a
30:06
very short window to get on. We've been telling you for five
30:09
years now, the train's gone. And when the train leaves the
30:12
station, you're not going to, you're going to be able to like,
30:15
you know, walk along the tracks, but forget about you being able
30:19
to acquire a Bitcoin. Forget about it.
30:22
Forget it. It's going to be, we're not even
30:24
call it Bitcoin anymore. We're just going to call it
30:26
Satoshi's, right? So you have you in the audience
30:30
right now with Bitcoin sitting at $118,633.
30:36
I think these next two years are going to be the last opportunity
30:40
you're going to be able to get Bitcoin at these prices before
30:43
we go to half a million or $1,000,000 per coin.
30:46
And at that point, for 99%, already for 99% of people, it is
30:51
economically unfeasible to to buy Bitcoin.
30:56
So you know. My advice, again, not financial
30:58
advice here, right? I went on a rant the other day
31:01
about real estate and stuff like that.
31:03
Like if you own real estate, if you have, OK, maybe not your
31:07
primary home, but let's say you have a secondary home and you're
31:10
doing that whole Airbnb stuff and you're renting it out and
31:13
you're getting an 8% return on a yearly basis.
31:15
That's not going to out compete Bitcoin.
31:18
It's not going to do it. You're going to end up with less
31:20
Bitcoin. So if you have that extra
31:24
property, if you have those, that extra equity, it'd probably
31:28
be a good idea to put it in the best performing asset of the
31:31
last 10 years, of the last 16 years.
31:34
It'd probably be a good idea to get some right.
31:37
So I'm just saying. Fantastic report from Black
31:40
Rock. Air horns, please.
31:44
Black Rock officially declared by Nikko today.
31:48
Air horns. July.
31:52
July 24, 2025 I award July's Bitcoin Employee of the Year of
32:01
the Month to Larry Fink. All right, guys, it's going to
32:05
be a fantastic show. We have so much to cover.
32:08
We have a video of Michael Saylor basically saying the
32:10
quiet part out loud, basically saying what we're saying about
32:13
the the big 7 coming into Bitcoin.
32:16
And then during the news segment, very, very big deal.
32:19
We're going to be talking about Tesla, how they've benefited
32:21
tremendously. And we're also going to be
32:23
talking about Senator Lummis going in hard in the paint
32:28
against against Powell. And we're going to be talking
32:33
about the in kind redemption that is being offered by
32:38
Fidelity. They officially filed for it.
32:40
We're going to be talking about why this is a big deal.
32:42
Ladies and gentlemen, we are. Winning.
32:44
Strap in, it's going to be fantastic.
32:47
If you own Bitcoin, the future looks very, very bright.
32:51
Anyways, ladies and gentlemen, before we start the show, I do
32:54
want to give a shout out. Of course, you guys know the
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All right, everybody, let's hit the numbers.
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We have tons to talk about. It's going to be a fantastic
34:25
show. Happy to be back.
34:27
I've been doing podcast back-to-back.
34:29
Opti's been holding it down, but I'm going to be back for the
34:31
rest of the week. We'll be right back in just a
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second. We're going to hit the numbers.
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recording the Bitcoin price is 119,000 lat block height
36:57
906,999. Appreciate the Super chat by
37:01
Chris. Grab some sats guys love the
37:04
channel. Appreciate it.
37:05
Chris thank you for the those are I think that's that's the
37:10
pounds. Appreciate the $60.00 anyways,
37:13
906,999. I was very kind of you, Chris.
37:17
Thank you. Sats per dollar 840 sats per
37:20
dollar Market cap 2.37 trillion. Bitcoin versus gold market cap
37:25
9.97% Decline from all time high -3.4%.
37:30
Realize monetary inflation. We're sitting pretty at .84%.
37:35
Guys, we are winning. Anyways, I saw this fantastic
37:38
clip. A shout out to Pete Russo for
37:40
posting. I don't, I don't know which
37:42
podcast this came from, but as it seems like a a, a, a podcast
37:46
that Saylor recently did on YouTube and it's Pete Russo says
37:53
Michael Saylor says Google, Apple and governments will be
37:55
moving quote large amounts of Bitcoin within 10 years.
38:01
If nations exist, they will be moving billions into BTC.
38:06
So let's check out the clip and then me and Opti shall talk
38:09
about it. And banks that are actually
38:14
trading peer-to-peer with each other.
38:17
I think that the banks, the custodians, mega corps, I mean,
38:22
I could, I see a world where every major bank and, and every
38:26
major tech Corp, maybe a Google and an Apple and a Microsoft,
38:30
you know, they're all base. They're all settling or moving
38:34
large amounts of Bitcoin around on the base layer governments.
38:38
You would think that the biggest users of the base layer would be
38:42
Apple and Google and the US and Bank of China and Bank of Russia
38:46
and Bank of, of England. I mean, to the extent that any
38:51
of those things exist, right, If, if the nation exists, if the
38:55
bank exists, you know, you would think that city city would be
39:00
moving billions of dollars of Bitcoin to B of A to Wells
39:04
Fargo, you know, to, to Santander to Deutsche Bank, to
39:10
Swiss Bank, to Bank of Japan. I would think that Microsoft
39:15
will move billions and 10s of billions of Bitcoin between
39:17
Microsoft and Google in order to work through some, you know,
39:21
technical issue. I think all the, you know, I
39:24
think Visa and any of the payment networks, they'll have
39:26
massive amounts of Bitcoin. So I I think that if you are
39:31
actually an individual and you're using Bitcoin right now,
39:37
you're one of the early pioneers.
39:40
So first of all, shout out to I had no idea.
39:43
Shout out to BTC Sessions. Because that was an interview
39:45
with Sessions. But dude, I mean, dropping the
39:50
also Pete, you gotta, you gotta give some credit, dude, because
39:53
we don't know where those clips are gonna come from.
39:55
So shout out to Sessions for that interview with with Sailor.
39:58
But I was gonna say dude first of all.
40:02
So much sauce there dude. Sailor is essentially
40:05
predicting. Mind you, this is the same.
40:07
Guy who predicted the mobile wave right, he predicted that
40:11
essentially the iPhone was going to fundamentally change how
40:15
people communicate. There's a very famous video of
40:17
him doing this and it and he was right.
40:22
The Apple stock absolutely ripped.
40:24
So Sailor has a very good track record of predicting this and
40:27
he's basically saying, like, look like what I expect is going
40:31
to happen on the main chain couple years from now when all
40:35
these companies adopt A Bitcoin, they're going to be using it to
40:38
transact. Central banks are going to be
40:40
using this to transact, you know, to and from, right.
40:44
Oh, Mel apparently won the 529 sats from Bitcoin.
40:47
Well, that's awesome. That's fantastic.
40:49
So yeah, I mean, dude, incredible, incredible clip,
40:54
Sailor dropping sauce. And shout out to Sessions, man,
40:58
for that podcast. And Pete, you got to put some
41:00
sources, bro. Yeah, I was literally saying
41:04
that this morning. Like, guys, we need to put our
41:06
sources on Twitter and and we're guilty of that too.
41:08
But anyways, anyways, we're we're not putting an hour of
41:10
dirty laundry here. I really like the end of that
41:14
clip because we we talk about it constantly.
41:17
You know, maybe you're not necessarily early to the Bitcoin
41:19
price per SE, but I like how Sailor was framing it.
41:22
It's like we are still all early pioneers to this thing.
41:25
Like, yes, the price is 120 K, yes, it's been around for 1516
41:29
years, but every single one of us that goes fully into Bitcoin
41:33
kind of revolves in our lives around Bitcoin is saving
41:37
everything we have in Bitcoin. I would still consider all of us
41:40
early pioneers. And I love Sailor saying that.
41:42
I mean, he's also has the biggest stack anywhere.
41:45
So it's probably probably pretty easy for him to say that we're
41:47
all early pioneers here. But I also see a future like
41:51
sailor where everyone in the world is using Bitcoin.
41:55
Yes, I know a lot of people get kind of a bad taste in their
41:59
mouth when the Larry Finks of the world or, you know, the
42:02
Donald Trump's of the world or the Jamie Diamonds of the world
42:05
start to embrace Bitcoin. Everyone says the same thing as
42:09
like. Bro I thought we were here to.
42:10
Do you know for the separation of money and state, bro?
42:13
Like we're just recreating the system, bro.
42:15
Like what's going on here? And it's like, guys, we've had
42:18
the meme around forever. Bitcoin is for enemies, Bitcoin
42:21
is for anyone. And as I've been saying, kind of
42:24
as a reverse view of this, it's like if you are one of the big
42:29
influential players in the system, you probably need
42:33
Bitcoin just as much as we do as individuals.
42:36
If your whole empire is built on the the sand dollar that is the
42:41
IOU, it's going to literally melt and break away.
42:45
So if the if anyone needs it just as much as we do, like I
42:49
would say we need it just as much to, you know, not
42:52
necessarily be poor and destitute here forever and ever
42:55
and ever. These.
42:56
People that have so much to lose, they have empires to lose.
42:59
You'd think that they would also kind of read the writing on the
43:03
wall instead of just continuing down the same crazy path, the
43:07
same insane path they've been doing and and just hoping for
43:09
the best. Now Bitcoin is hope here and
43:12
they will all eventually start using it.
43:14
Do we know the timeline? No, but I I think sailor's kind
43:18
of right when he says maybe it's probably like a decade from now,
43:21
maybe it's sooner. Maybe we're going to see the
43:23
Domino's fall very quickly, but I also see a world where we're
43:27
seeing final settlement by all. Of these huge.
43:29
Corporations on Bitcoin, we're not there yet.
43:32
Right now, it has been kind of a grassroots movement from the
43:35
individual bottom up. But we're starting to see the
43:38
domino, the tipping point here where the biggest players in the
43:42
world are starting to head down the Bitcoin path.
43:46
I mean, if that report we saw from BlackRock earlier isn't a
43:48
sign of the times, I really don't know what is.
43:51
Like, I really don't know what everyone else is watching.
43:53
Yes, we've had the Microsoft shareholder meeting and they
43:57
said no, you know, we basically only have well, we've had only
44:01
one player in the space sailor for so long and now we're seeing
44:05
everyone copycat them. You know, we have Trump
44:08
announcing this from the US. It seems like we're not going to
44:12
get the report yet. We were supposed to get it on
44:14
what was it Tuesday? We're going to get it next
44:16
Wednesday. We're.
44:17
Going to get it on the 30th. Yeah, yeah, Next, I think that's
44:19
Wednesday. So like we're starting to see
44:22
this happen in real time. And I've had this phenomenon and
44:26
I think Nico and I have talked about this on the show and I'm
44:28
sure you guys have felt the same thing.
44:30
Like the day-to-day in Bitcoin seems like forever.
44:34
When you're going through the trenches and you're following
44:36
all the news and you're you're following all of the price
44:40
volatility, days and weeks and months seem to take forever.
44:46
But when you look back in years, you're like, oh, wow, Like so
44:50
much has happened since I've gotten in, since the last four
44:55
years, since 2020. Like things, things move very
44:59
quickly in Bitcoin, but the day-to-day still seems like it
45:02
takes forever. So this could happen a lot
45:04
faster than we even imagine. Absolutely 100% I I saw a chat a
45:10
comment on Rumble, which is hilarious.
45:11
There's only way the there's only one way to find out.
45:14
We have to get Nico so upset that he reverts to a British
45:17
accent. If you get me so upset, I think
45:20
I'll start speaking Spanish like the opposite of that man.
45:24
But anyways, dude like sailor dropping the absolute fire.
45:28
We got V for BTC in the chat and appreciate you guys.
45:33
Anyways to pull that up I I didn't get a chance to read it.
45:36
We will go from very early to very late in about 24 hours.
45:40
Anyways, if you guys are enjoying today's show, make sure
45:43
to smash that like button hit the subscribe button.
45:46
If you guys are new to the channel, we still have a ton of
45:50
content laid out for you guys. We're going to be talking about
45:52
Tesla their Bitcoin stack. We're going to be talking about
45:55
the Bitcoin treasuries ends. Most important and I think this
45:59
is the big kahuna for today. Fidelity just moved to allow in
46:04
kind redemptions on its spot Bitcoin ETF translation.
46:09
Wall Street is. Gearing up to settle in Bitcoin,
46:13
so we're going to be talking about the significance of that.
46:16
So guys, we still have a ton of content.
46:18
And then of course, Opti's got some special things.
46:21
Apparently, Senator Lummis went hard in the.
46:23
Paint, and we're going to be talking about that during.
46:26
The culture segment, which will be fantastic.
46:29
So guys, we'll be right back. We're going to hit the new
46:31
segment. Love you guys.
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49:02
I'm just surprised how everyone's being nice to me in
49:05
the chat. Maybe I should like disappear
49:08
for a couple days? Maybe you need to wear a nice
49:10
collared shirt every day. Maybe I should just disappear?
49:12
No, you need to go Nico Jones on them every day and then they'll
49:15
be nice to you all. Right guys so this is the
49:18
breaking news for today Fidelity just moved to allow in kind
49:22
redemptions on its spot Bitcoin ETF.
49:25
What does that mean? It's a huge, huge deal.
49:30
So right now, when big players. Buy a Redeem.
49:32
Team shares and Fidelity's Bitcoin ETF.
49:35
It's done in cash. The ETF has to sell or buy
49:39
Bitcoin on the open market. That means extra fees, more
49:42
taxes, and more friction in kind.
49:44
Redemption changes the game completely.
49:47
Instead of cash, large players swap actual BTC for ETF shares
49:53
directly. No selling, no middle men.
49:56
This keeps the ETF more tax efficient, lowers cost, and more
50:00
importantly gets more real Bitcoin off exchanges into cold
50:06
storage. Anyways.
50:08
The SEC hasn't proved this yet for crypto ETFs.
50:12
They've delayed. It multiple multiple.
50:14
Times, but Fidelity, BlackRock and others are pushing it hard.
50:18
If it goes through, ETFs become cheaper, more efficient, and
50:22
more closely tied to the actual Bitcoin network.
50:27
And this means less pressure on the open market, stronger
50:31
Bitcoin custody practices, and a cleaner link between ETF shares
50:35
and actual Bitcoin ownership. It also normalizes Bitcoin as an
50:40
institutional grade asset, pushing it further into the
50:43
mainstream without compromising its fundamentals.
50:46
The bottom line is this in kind redemption equal more Bitcoin in
50:51
cold storage and less Wall Street friction.
50:54
If the SEC green lights this, it's it's bullish for price,
50:58
it's bullish for adoption and it's bullish for bitcoins long
51:01
term game. Stay tuned.
51:04
When the suits fight for in kind Bitcoin, you know the incentives
51:09
are aligned, which is what we've been saying for many, many
51:12
months now. Many years now, aligned
51:14
incentives. That is the.
51:15
Beauty of Bitcoin. So a shout out to Fidelity for
51:19
doing this. They don't have to do this.
51:21
I mean, they kind of do, right? Because it reduces the friction.
51:23
This is what I'm talking about, ladies and gentlemen.
51:25
Reduces, everyone wins. This is the beauty of Bitcoin.
51:29
It's it's so hard to understand that concept.
51:32
Because we've been so used to being screwed over by the legacy
51:36
system, the Fiat system, which is an unjust system.
51:40
I can even say it's an evil system.
51:42
Opti, what are you thinking here bro?
51:44
Since now that you're the in house macro.
51:46
Expert, I don't know about all that.
51:48
I don't know about all that. Yeah, I think this is huge.
51:51
Like you guys have to remember, Fidelity is the second largest
51:55
ETF. This is like, this is a big
51:58
news. You know, it would maybe be a
52:00
smaller splash if it was like ARC or something.
52:03
Even though we love Kathy Wood, but her ETF is not the number 2
52:07
ETF. This is again the second largest
52:09
ETF. They hold.
52:11
Let me get my numbers correctly so you guys don't throw tomatoes
52:13
at me. They hold 204,621 Bitcoin,
52:20
roughly 1% of the total Bitcoin supply right now.
52:24
It's, you know, what's around $22 billion or something like
52:28
that. Like this is a big ETF and that
52:32
now they're doing in kind redemptions and we've been
52:34
hearing Hester Pierce talk about this for a while that they're
52:36
going to kind of push to do this.
52:37
So huge shout out to Fidelity for doing this.
52:40
They're, you know, at at this point, the Fidelity digital
52:43
assets team, they're they're like hardcore bitcoiners.
52:47
They've been around for a long time.
52:49
They're doing everything correctly.
52:50
Now. I think the real impact of this
52:53
is kind of what Nico is saying. This is the one thing that will
52:57
differentiate them from BlackRock.
52:59
Look, BlackRock has the brand. They're they're like the
53:01
Coca-Cola brand here now. But Fidelity just did such a big
53:05
move here. I think with this that not only
53:08
is it going to force every other ETF to follow this exact lead
53:12
and hopefully we'll get to a point where every ETF has in
53:14
kind redemptions. That's where we really want to
53:17
go. But for the time being, I think
53:20
this is going to really differentiate them from the
53:23
BlackRock ETF. And who knows when or if Larry
53:26
will follow suit. But for like a hardcore
53:30
bitcoiner, if you do have, you know, capital still in the
53:34
traditional financial system, or rather if you have like a A4O1K
53:37
or whatever and you can't get that money or you're you don't
53:40
want to take the penalty to just get it into spot Bitcoin, like
53:43
this is probably the ETF you have to go into at this point.
53:47
Like there, this is the big move right now.
53:49
And it's going to be very interesting if more capital
53:52
starts to flow into fidelity because of this news.
53:55
I know a lot of traditional financial investors probably
53:59
find this to be a good thing, not just bitcoiners themselves.
54:02
Like this is a huge move right here.
54:04
And I'm really obviously you guys know, I just I'm a spot
54:09
Bitcoin guy, like I just want Bitcoin, but this is really
54:12
exciting to see. Like this is this is the big
54:15
stuff. This is what all the bitcoiners
54:17
were really freaking out when the ETF came out.
54:19
Remember in the Larry Fink prospectus, like this is the one
54:24
thing everyone wanted to see and we got the like, hey, we can
54:28
fork off. Wherever.
54:29
We want line and we're like yo, OK, this is bad now this is
54:33
good. This is really good stuff.
54:35
So I'm excited to see if everyone follows suit and if
54:38
this does differentiate Fidelity from everyone else.
54:40
Now the real key here is what Nika said.
54:43
You know, now we know that they are actually getting the
54:47
Bitcoin, which is that's the big thing here.
54:50
If they are actually scooping up all the Bitcoin they say they
54:53
are now, now we're gonna know. We're gonna know anyways, I do
54:59
want to show this real quick 'cause this, this rarely, rarely
55:03
happens. So I have to, I have to share my
55:05
screen. I have to change it to this.
55:07
We're at block 907,000 flat, 907,000 flat.
55:12
I was, I looked at my phone for a second and I saw it.
55:15
I was like what? That's that's that's that
55:17
doesn't happen quite often. So anyways, nerding out a little
55:20
bit back to the second part of the news, and then we're going
55:23
to hit the culture sector. We're going to be talking about
55:26
Senator Lummus going hard in. The I'm.
55:28
Going to I'm going to do that, but let me show hard chart I
55:30
promised him earlier and then we're going to go.
55:32
Hard the paint, ladies and gentlemen.
55:34
Tesla's Bitcoin holdings, now worth $1.2 billion goes on to
55:41
say Tesla's Bitcoin stash is now worth 1.2 billion after the
55:45
cryptocurrency prices climbed 30% in the second quarter of
55:48
this year. The gain reflects a recent
55:51
change in how US accounting rules treat digital assets, one
55:55
that works in Tesla's favor. Remember I told you guys how big
55:59
of a deal was going to be for the change of the fasby
56:01
accounting rules now that corporations could reflect that?
56:06
Hey look, I'm up. I'm up on my Bitcoin investment.
56:10
Tesla currently holds 11,509 BTC according to
56:14
bitcointreasuries.net, making it the 10th largest publicly traded
56:18
company to hold the crypto asset on its balance sheet.
56:22
Bitcoin is currently trading at 118,000, up from 83,000 on April
56:27
1st. A rule approved by the Fasby
56:31
allows companies to account supporting the fair market value
56:35
in their crypto holdings each quarter.
56:37
This shift was required beginning in Q12025.
56:41
Now the news here and not the noise is Tesla's part of the big
56:48
seven. And the more Tesla's Bitcoin
56:51
stack goes up in value, the other corporations that are part
56:57
of the big seven tech stocks, they won't be able to ignore it.
57:02
And that's the news, ladies and gentlemen.
57:04
Number go up. It's kind of literally what
57:08
Saylor just said in that clip. Yep, pretty much.
57:10
Literally all right now. Also the crazy the crazy part
57:14
about this is Tesla or sorry not Tesla, Elon Musk companies have
57:18
both been in the news cycle around Bitcoin.
57:21
This literally in the same week. Tesla of course using the FAZBE
57:24
accounting rules. Who, what was it gain?
57:27
You know, put a $1.2 billion of profits on their validate.
57:31
That sounds chill. And then SpaceX moved about 7000
57:34
coins this week. So like as much as Musk has, you
57:38
know, as much as I haven't been a fan of Musk for for a while,
57:41
I'm I'm a little critical, you know, I'm I'm, I'm, I'm, I don't
57:46
dislike Musk, but when it comes to his Bitcoin stance, he's it's
57:50
just like he's so close, but he just isn't there yet.
57:53
And we we're speculating whether the whole Trump must break up
57:58
would drive him into Bitcoin. We haven't seen that yet.
58:01
But like this news, seeing these double news stories here right
58:05
now, I think that would this is like the stuff that drives you
58:09
into Bitcoin. Yeah, you move some Bitcoin, you
58:12
can't for one of your companies, you kind of get some exposure
58:14
and then two days later you're like, Oh yeah, actually guys,
58:18
just holding this Bitcoin gained 1.2 bill on my balance sheet.
58:23
I'm sure investors are going to be very happy about that.
58:25
This is what Bitcoin does for everyone.
58:27
You just love to see. Hopefully he comes out and he's
58:29
like, you know, hopefully he stops his America party and he
58:33
just goes all in on Bitcoin and that's how we win.
58:35
I I mean. I've been.
58:36
I've been. Saying that for a minute, like I
58:38
think that like it like it, the starting to to think, to start
58:42
like another party is just so ridiculous.
58:45
Like he should just go all in on Bitcoin.
58:48
It fixes all the things that he's complaining about, fixes
58:51
all the things that he's just worried about you saying, like
58:55
the overspending, like you got to fix the root cause.
58:59
And the root cause is the Federal Reserve.
59:01
And the way that you fix it is a a parallel system.
59:04
And that parallel system is obviously Bitcoin.
59:07
Anyways, ladies and gentlemen, we're going to hit the culture.
59:09
We will be right back in just one second.
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Right guys, I promise I promised you this chart earlier, but this
1:01:24
Lummis stuff dropped pretty much like right when we went live and
1:01:27
I think this is perfect culture stuff.
1:01:29
So anyway, let me cover this first chart because it is kind
1:01:31
of I promised it and it's stupid chill.
1:01:35
I'm this dude. I'm going to read this through
1:01:37
and this is going to make my point for everyone out there.
1:01:39
You are getting your lunch ate right now by institutions, and
1:01:43
here's the chart. So as Archive put, this Bitcoin
1:01:46
cycle isn't driven by retail, which we know on chain data
1:01:49
shows smallholders are selling. Why?
1:01:50
Institutions are quietly accumulating, guys, we're
1:01:54
getting cooked out here. The plebs are getting cooked
1:01:56
right now. You need to be buying Bitcoin.
1:01:58
The institutions are taking all the Bitcoin.
1:02:01
That's the PSA for today. All right, here's the fun stuff.
1:02:04
This is this is going to be right up Nikko's alley.
1:02:07
This is the stuff that gets Nikko super excited.
1:02:09
Check out what Senator Lummis has been tweeting today.
1:02:11
This happened about like literally right when we started
1:02:14
the show. Senator Lummis quote, tweeting
1:02:16
these charts, which she followed up with another tweet and she
1:02:18
goes, Jay Powell and the Fed certainly have their hands full
1:02:22
between Operation Choke point 2.0 and building their palace
1:02:26
over sales. the Fed also found time to promote woke ideology.
1:02:30
PO, woke needs to go, hey, yo. And then she followed up this,
1:02:35
which is something we say here constantly or actually, we used
1:02:39
to say this on the show a lot. Now we kind of don't because
1:02:43
we're inclusive and stuff. Senator Lovett, this is the
1:02:47
senator. This is the senator.
1:02:48
So it's within the Overton window, right?
1:02:51
It's not us. It's not us.
1:02:52
It's within the Overton window. Reading what a United States
1:02:56
Senator is saying? Yes, exactly.
1:02:58
It's not simply Bitcoin. Yes, this is the United States
1:03:01
senator saying. Read it again.
1:03:03
Yeah, she tweeted. Jay Powell went woke and the
1:03:07
United States went broke. That wasn't us.
1:03:10
That was a United States senator anyways, what she posted here is
1:03:14
a figure of topics at the Reserve Bank working papers have
1:03:18
written over time and you see here the first chart is shares
1:03:22
of paper on inequality. Have you know it almost looked
1:03:26
like the Bitcoin price. It's gone parabolic and up to
1:03:28
the right shares of papers on climate.
1:03:31
It's it's gone it's gone up a couple percent.
1:03:34
That looks more like S&P 500 then shares of paper on can I
1:03:38
even say this one that that can we say that?
1:03:42
I don't know if I can can I say it Nico?
1:03:45
No, no, it shares a paper also have gone up and yeah, I don't
1:03:51
think I can say these last two. But if you're watching the show,
1:03:53
just say. Inequality.
1:03:55
We already did that one. That was it.
1:03:56
It's. Fine, OK with.
1:03:58
That as you can see, as Senator Lummus said again, a, a standing
1:04:03
senator, the Fed went woke and the United States is now going
1:04:08
broke. Yo, we're the Overton window.
1:04:12
Let's go where we're going where we're.
1:04:15
Getting there tell you about the Overton window.
1:04:17
It's true. But yeah, dude, look, clearly
1:04:22
the reason that this is happening is the the, the Fed
1:04:26
was politicized and it's been acting against the, the, I could
1:04:32
say this actually, it's been acting against the interests of
1:04:35
the American people. The American people voted in a
1:04:38
specific government in November of 2024 and they have not been
1:04:45
acting as an independent entity. They've been acting politically
1:04:49
and there are ramifications for that.
1:04:52
And now a lot of people are calling for Jerome Powell to
1:04:55
resign. There's congressman and woman
1:04:58
that are act are asking for an investigation into Jerome
1:05:03
Powell. So yeah, I mean it is kind of a
1:05:07
big deal and you know, I I can't say it, but Senator Lumm has
1:05:15
said it. So I mean this is what happens.
1:05:18
Like you know they they they it's just this is I'm telling
1:05:22
you like I I hope Scott Bassett gets in there and you know,
1:05:27
cleans up shop. But you know, the, IT, it's,
1:05:30
it's troubling when that one of the most powerful institutions
1:05:33
in the world is, has no, you know, has no, like they answer
1:05:41
to no one and then they answer to no one and they act
1:05:45
politically, right. So, you know, as Caitlin Long
1:05:49
said when we did an interview with her, you know, a couple
1:05:51
weeks ago, that's for cause, right?
1:05:55
Like we, we like they can't fire Powell without 'cause there's
1:05:58
been plenty of 'cause now, right?
1:06:01
So, yeah, I mean, talk about the Overton window shifting, bro.
1:06:05
Like that's, that's, that's freaking crazy.
1:06:08
ANYWAYS guys, when? Did we get to end the Fed?
1:06:12
We we got to vote in a president that wants to end the Fed.
1:06:14
Anyways guys if you guys enjoyed today's show July 24th 2025 I'm
1:06:18
your host Nicos my legendary Co host Optimus Fields smash the
1:06:22
like button. Consider subscribing if you feel
1:06:23
like we provided you value, and we're back tomorrow for a brand
1:06:26
new episode of Simply Bitcoin Live.
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