Latest / Simply Bitcoin / BlackRock ALMOST Overtakes Saylor's Bitcoin Stack | EP 944

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BlackRock ALMOST Overtakes Saylor's Bitcoin Stack | EP 944 · Simply Bitcoin

• 0:03
  It's. All going to zero against
• 0:05
  Bitcoin. It's going on forever.
• 0:15
  You're against Bitcoin. You're against freedom.
• 0:23
  Yeah. Welcome to another episode of
• 0:24
  Simply Bitcoin Live or number one source for the peaceful
• 0:27
  Bitcoin revolution. Recovering Use Culture Medic
• 0:29
  Warfare will be your guide through the separation of money
• 0:31
  in state. Ladies and gentlemen, welcome to
• 0:33
  the most watched Bitcoin Daily live show on YouTube.
• 0:36
  Rumble and X welcome to Simply Bitcoin.
• 0:39
  Pretty crazy we broke all time highs.
• 0:41
  That's right. That means it's so she, the
• 0:44
  Bitcoin chicken gets to cluck like he clucks for any new
• 0:48
  members of Simply Bitcoin. Back in the Simply Bitcoin OG
• 0:52
  days, in the, you know, in the the last bull market where
• 0:56
  simply Bitcoin was born, we would have this rubber chicken
• 0:59
  and he would cluck every time the price of Bitcoin makes all
• 1:01
  time highs. And that's exactly what
• 1:03
  happened. We're sitting pretty at
• 1:04
  $72,372.00. But I mean things are just
• 1:11
  getting started. We had this viral clip of Larry
• 1:14
  Fink, the man that said that Bitcoin is nothing more than,
• 1:20
  you know, an index of money laundering, the CEO and Chairman
• 1:23
  of the world's Lasset, largest asset manager.
• 1:26
  And of course, I'm talking about BlackRock going on CNNBC and
• 1:30
  talking the Bitcoin ethos. Talking, you know, the the
• 1:33
  benefits of Bitcoin. You would have never have
• 1:35
  thought of that. And all of this morning we've
• 1:38
  been, we've been, by the way, you guys should follow simply
• 1:40
  Bitcoin's Twitter account. We're posting all this breaking
• 1:42
  news, CNNBC, the legacy financial media.
• 1:46
  It's almost as if they turned into a Bitcoin channel because
• 1:50
  you had, you know, the current Republican nominee for
• 1:53
  president, Donald Trump, talking about Bitcoin.
• 1:56
  You had Michael Saylor talking about Bitcoin.
• 1:58
  You know, you had Larry Fink talking about Bitcoin earlier on
• 2:01
  this week. So yeah, I mean, obviously
• 2:03
  you're going to talk about it when this thing's sitting pretty
• 2:06
  at $72,372. And more importantly, Michael
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  Saylor's strategy is working and it's not only the legacy, you
• 2:17
  know, TV media that's kind of changing tune.
• 2:20
  We had, I would say, a historic article coming out of the
• 2:24
  Financial Times, Financial Times, you know, that's that's
• 2:28
  legacy Fiat media basically admitting that, you know, the
• 2:32
  Bitcoin bulls might not necessarily be the fools in the
• 2:36
  room, right. So we're literally gonna read
• 2:38
  you that article cause in a way it's a form of vindication,
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  right? Because we've been made fun of,
• 2:44
  we've been called psychopaths, we've been called crazy.
• 2:47
  You know, I'm sure not only by friends and family, but by the
• 2:51
  legacy establishment, right? Legacy establishment, you know,
• 2:55
  the the media and and the government and all these
• 2:57
  establishment players, they've been calling us kooks, they've
• 2:59
  been calling us crazy. And you know, when Bitcoin makes
• 3:03
  an all time high, it once again proves that this thing isn't a
• 3:06
  bubble, that this thing is truly going up forever.
• 3:09
  We're in uncharted territory. Never in Bitcoins history has
• 3:14
  Bitcoin made an all time high before the halving and never in
• 3:19
  bitcoins history did Bitcoins all time low break bitcoins
• 3:25
  previous all time high. So I No one knows where this is
• 3:29
  going. Absolutely no one.
• 3:31
  You're tuning into whatever content you're consuming.
• 3:34
  No one has no clue where this is going.
• 3:37
  The only thing that you guys should know and should be on the
• 3:41
  top of mind, right, is that Michael Saylor keeps buying
• 3:45
  Bitcoin. BlackRock keeps buying Bitcoin
• 3:48
  at a record pace and around the corner, literally next month,
• 3:52
  exactly like a month from now, the halving is coming and once
• 3:57
  again, the amount of Bitcoin being sold.
• 4:01
  The the the natural seller of Bitcoin on a daily basis is
• 4:04
  going to get cut in half from 900 Bitcoin to 450 Bitcoin, but
• 4:09
  the demand is going to stay exactly the same.
• 4:12
  What do you think is going to happen to price, right?
• 4:16
  So this is very, very exciting times.
• 4:18
  And of course we are simply Bitcoin.
• 4:19
  So we're going to lay out all the data for you guys and
• 4:22
  everything. But before we jump into the
• 4:24
  show, I want to bring up my legendary Co host.
• 4:26
  Always optimistic, I caught him on a smile to smile today.
• 4:30
  What shirt is that, Bro. Conservative, Progressive,
• 4:33
  Libertarian, Bitcoiner. I love that.
• 4:35
  I love that. Damn.
• 4:36
  Shout out to Well really, This was Russell Okong shirt.
• 4:41
  He made it like two years ago or something, but he his store went
• 4:45
  down. So then the free market did its
• 4:47
  thing and a few people printed it up after I put it on Twitter
• 4:51
  last week. And so I got this at
• 4:53
  orangelabel.co. Go get it for yourself guys.
• 4:56
  And I think this is a lit shirt. This is exactly our sentiment
• 4:59
  here at Simply Bitcoin. And man, what a what a crazy
• 5:03
  morning. First of all, my energy is a
• 5:05
  little low today. I guess there was like a time
• 5:07
  change and I lost an hour and I wasn't.
• 5:09
  Aware of Is that what it is? Is we lost that it?
• 5:12
  Is I feel like. I feel like I've not hyped.
• 5:15
  Bitcoin Does Bitcoin Fix This? Yeah, daylight savings times or
• 5:20
  time changes are a Fiat scam. I don't know why we do this, but
• 5:24
  yeah, I I apparently I lost an hour of sleep.
• 5:27
  I'm still not fully jacked up. I I drank a lot of coffee and
• 5:30
  everything this morning and I'm just like I was talking with the
• 5:33
  Twitter team right now. I'm like, man, what's going on?
• 5:34
  I'm feel tired today I thought it was just the Mondays, but now
• 5:37
  apparently we lost an hour. Anyways.
• 5:40
  Anyways, enough of my. Woes here.
• 5:41
  They're stealing our money. They're stealing our time.
• 5:45
  Just oh man. Yeah.
• 5:47
  Anyways, anyways, also you know we woke up to 72 K this morning.
• 5:52
  Let's go like hello, we're in price discovery mode.
• 5:56
  This is awesome. I got a few family texts, you
• 5:59
  know, everyone's excited and and and it really feels like FOMO or
• 6:03
  the retail FOMO hasn't even kicked in yet and like we're at
• 6:06
  all time highs and no one's even talking about it.
• 6:09
  It's like, all right man. I guess, I guess this year.
• 6:12
  Is going to be a crazy crazy year, you know, if we do the
• 6:15
  math. Also like him back might be
• 6:17
  right. You know, we might get 100K by
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  having. Dead.
• 6:20
  Have you seen how hyped Vikingo is, bro?
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  He's posting 3D. Like, yeah, he's like, I've
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  never, he's not staying humble like AI, like I'm like dude
• 6:30
  every time, which is absolutely hilarious.
• 6:33
  Anyways. Anyways, we do have a
• 6:34
  recommendation from the audience, which is simply
• 6:36
  Bitcoin should just refuse to switch to daylight saving.
• 6:39
  It's funny that you say that because when I scheduled the
• 6:41
  show, I was like, wait, why is this thing set at like 1:15 PM?
• 6:47
  Like what? What's going on?
• 6:48
  So I think we tried to do it not on purpose.
• 6:51
  But anyways, I did get a GET. I did get a bit confused because
• 6:55
  I was like, dude, I set this at 12:15, but you know, they stole
• 6:58
  an hour from us the racket. Anyways, we do have a guest.
• 7:02
  We do have a guest, Eric. We just saw each other in
• 7:05
  Portugal and Maida in the flesh, in person, and I was like, dude,
• 7:09
  you should come on the show. He's like, bro, I'm scheduled to
• 7:11
  come on the show. And I was like, oh crap, this is
• 7:13
  going to be epic. This is going to be awesome.
• 7:15
  So how you doing, Eric? Welcome to Simply Bitcoin.
• 7:18
  Yeah, thanks for having me, guys.
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  I'm fucking pumped. Dude.
• 7:21
  This is an honor to be on the show.
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  I've been watching you guys since the beginning, yeah.
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  And it's a all time highs, man. So I'm here at the farm in honor
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  of the all time highs and the potential for a having on 4/20.
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  So. Let's go.
• 7:35
  Life is memes and memes is life. Let's do this.
• 7:39
  By the way, if you know if YouTube, anyone that is a legal
• 7:43
  that is a legal farm all you know license farm, you know all
• 7:49
  the boxes being checked in case anyone is wondering.
• 7:52
  But what are we gonna talk about during the culture 'cause you
• 7:55
  you gave us a little bit of you know a little bit you you teased
• 7:58
  this a little bit in the in the before we went on air.
• 8:01
  So Opti, Eric, what do you guys have in mind?
• 8:05
  Yeah, yeah, so of course guys, our guests, I know how you guys
• 8:08
  love the Bitcoin origin stories. So we're gonna, we're gonna
• 8:11
  obviously touch on Bitcoin origin stories and Eric's been
• 8:14
  posting some great clips on on Twitter, so we're gonna talk
• 8:18
  about Bitcoin, you know, enabling the deflationary world.
• 8:21
  He also kind of hit us on regulations and whether and why
• 8:26
  he's not concerned about Bitcoin regulations considering what
• 8:29
  industry he works at, as you can tell from the background.
• 8:32
  And maybe we'll jump into, UH, obviously don't trade any shit
• 8:35
  coins. So I think we got a good, I
• 8:37
  think we're gonna have a good rip today, guys.
• 8:39
  And man, it's Monday. Here we go.
• 8:42
  It's Monday. Here we go ladies and gentlemen.
• 8:44
  We already have 600 live viewers between YouTube and X and
• 8:48
  another 70 or 60 or change on rumble.
• 8:51
  So if you guys are enjoying the show, really helps.
• 8:53
  If you smash that like button takes literally a second of your
• 8:57
  time. Just smash.
• 8:58
  It really helps with the algos and comment if you guys are
• 9:01
  enjoying the show so far. But before we jump into the
• 9:04
  show, I do want to give a very, very special shout out to our
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• 12:38
  your Bitcoin anyways. At the time of recording this is
• 12:41
  going to feel really nice to say this.
• 12:43
  This is the the highest it's ever been when we've recorded a
• 12:47
  simply Bitcoin show. The current Bitcoin price is
• 12:50
  72,400 and $70.00. That feels really good.
• 12:56
  Okay sats per dollar want the opti.
• 12:59
  How many days, How many years have we been crawling in the
• 13:04
  bear market trenches, bro Holy. Cow man, man.
• 13:08
  Too long, man. Man, Okay, Woof.
• 13:13
  All right, Stats Per dollar 1381 Block height 834,239 blocks to
• 13:20
  having 5761 Having estimate April 19, 2024.
• 13:25
  Total lighting network capacity 4352.
• 13:28
  Bitcoin capacity value 315 million, U.S. dollars, Realized
• 13:32
  monetary inflation 1.74%. The market capitalization of
• 13:36
  Bitcoin 1.42 trillion and Bitcoin verse gold market cap
• 13:41
  10.31%. Anyways, when number go up does
• 13:47
  its thing. It tends to humble people,
• 13:50
  right? I I've seen, you know I've seen
• 13:53
  this tweet. It is not.
• 13:54
  I'm not going to take credit for it because I didn't come up with
• 13:57
  it, but someone said that Bitcoin functions as not an IQ
• 14:02
  test but as a humility test. And I think that is so on point.
• 14:08
  Everyone gets Bitcoin at the price they deserve.
• 14:12
  And if you are, you know, someone who benefits from the
• 14:17
  Fiat system and you don't have those same benefits in the
• 14:21
  Bitcoin system, you're gonna eat some, a little bit of humble
• 14:24
  pie, right? And that's what I gotta say
• 14:28
  about that. And the reason I'm bringing this
• 14:31
  up is because, you know, not only was Sailor detractor of
• 14:36
  Bitcoin, how crazy is that to say these days, Like, you know,
• 14:39
  the guy who like, continues to, you know, leverage his company
• 14:42
  in order to, you know, buy more Bitcoin, Right.
• 14:45
  Sailor going absolutely bananas doing whatever it takes, you
• 14:49
  know, to get 1% of the Bitcoin supply.
• 14:52
  He had a very famous tweet, which is still up, by the way.
• 14:55
  He did not delete it or he basically said this Bitcoin
• 14:58
  thing, like, I don't think it's gonna work.
• 14:59
  And that was back in circa 2015, right?
• 15:03
  Well, 2017, right. And you know, Opti and I, this
• 15:06
  is our era. This is, we were around this
• 15:08
  time. Back in the day, BlackRock CEO
• 15:11
  Larry Fink called Bitcoin, quote, an index of money
• 15:15
  laundering. Right now BlackRock and Michael
• 15:18
  Saylor, which is the reason that I named the video the the title
• 15:22
  of this video, the title of this video, Michael Saylor's Micro
• 15:25
  Strategy and BlackRock are neck and neck.
• 15:28
  In fact BlackRock was about to overtake Micro Strategy's stack
• 15:33
  and then over the weekend or Monday better said, Michael
• 15:36
  Saylor announced that you know through their through their
• 15:40
  mechanism, which we're gonna go into detail today, you know
• 15:43
  they're still able to lead the pack.
• 15:45
  I don't know for how long, but you know, I found that really
• 15:49
  interesting. Anyways, so this was again a
• 15:52
  historic moment, October 13th, 2017.
• 15:55
  BlackRock CEO Larry Fink calls Bitcoin an index of money
• 15:58
  laundering. So if you've been around since
• 16:00
  2017, if you're of that class, let let this video that I'm
• 16:05
  about to play be vindication to you.
• 16:08
  Let the price at 72,569 be a vindication to you, right.
• 16:13
  All the BS that you probably put up with holding Bitcoin,
• 16:17
  believing in Bitcoin, you know, and because again, holding
• 16:22
  Bitcoin on paper sounds easy, holding Bitcoin in practice is
• 16:27
  extremely difficult. It is, it is psychological AF
• 16:33
  and Bitcoin, what it takes from you is time, right?
• 16:36
  That's really the price that you pay is, is time, right?
• 16:40
  So this is your vindication. This is what this is what you've
• 16:42
  been waiting for. And ladies and gentlemen, I'm
• 16:45
  telling you right now, we are just getting started.
• 16:47
  The halving is around the corner, right?
• 16:50
  You know, the the you. Bitcoin tends to moon about 8:50
• 16:55
  months after the halving. I know we're in an uncharted
• 16:57
  territory, but boy oh boy, if it follows that pattern, things are
• 17:01
  going to get crazy. And I think that the reason that
• 17:04
  we're uncharted territory is I think Bitcoin is making up for
• 17:09
  lost time of the uneventful last cycle, right?
• 17:12
  It was just, you know, it was a giant tease to be frank.
• 17:16
  And I think another thing, and I think this is what makes it so
• 17:19
  different, and you know, we had Fred Krueger on, on Wednesdays
• 17:24
  on last Wednesday, simply Bitcoin IRL.
• 17:26
  What makes this time different are the ETFs and the amount of
• 17:30
  institutional interest that is just going in.
• 17:34
  And remember guys, unlike gold, right, which is, you know, we
• 17:37
  would all say, OK, gold, you know, it's very scarce.
• 17:40
  It's a finite resource. Etcetera, etcetera, etcetera.
• 17:42
  But is it though? Is it though?
• 17:44
  Look, if the price of Bitcoin goes up, the gold production
• 17:48
  goes up along with it. If the price of Bitcoin goes up,
• 17:53
  the Bitcoin production stays the same.
• 17:56
  Not only does it stay the same, it actually gets cut in half
• 17:59
  every four years, right? That is absolute scarcity.
• 18:02
  The world has never seen that before.
• 18:05
  And if you want to know why Bitcoin was the best performing
• 18:07
  asset of the last 10-15 years, that is why.
• 18:11
  And what you're seeing right now, this epic clash.
• 18:13
  The reason that Bitcoin is an all time highs before the
• 18:16
  halving is because Wall Street is starting to get a taste of
• 18:22
  this, right. And again, don't take my word
• 18:24
  for it, take let's hear what Larry Fink has to say and again
• 18:28
  I preface this with you. Don't change Bitcoin.
• 18:30
  Bitcoin changes you. That there's a lot of merit to
• 18:34
  it. There's a lot of opportunity.
• 18:37
  It is a great store and this where you can debate is it a
• 18:40
  good store? Do you know how it's made a
• 18:42
  bunch of computers figure out but.
• 18:44
  There's only but the issue is if there if people believe that it
• 18:47
  can be a an asset that can be cross-border.
• 18:51
  And let's be clear. If you're in a country where
• 18:54
  you're fearful of your government, and maybe this is
• 18:57
  one of the reasons why China has banned it.
• 19:00
  If you're in a government where you're If you're in a country
• 19:04
  where you're fearful of your future, fearful of your
• 19:07
  government, or you're frightened that your government is
• 19:10
  devaluing its currency by too much deficits.
• 19:14
  Like us? I'm not going to go there.
• 19:17
  The little elephant. You could say this is a great
• 19:22
  potential long term store of value and it as I said it's like
• 19:27
  digital gold and I and I believe.
• 19:29
  But you still can't buy a slice of pizza with it.
• 19:32
  Isn't that kind of odd that? Work, but you can't buy a price
• 19:35
  of pizza with Palladium or or gold.
• 19:39
  No, but then you can do stuff with them.
• 19:42
  I can get stuff. I mean, people use gold for for
• 19:45
  stuff, right? But.
• 19:46
  People you could. Buy and sell your Bitcoin.
• 19:48
  No different than gold. So it is very.
• 19:51
  But gold is put in like. Jewelry.
• 19:53
  Jewelry and and and you know iPhones I think there's there's
• 19:55
  in some electronics there's. More More silver and silver.
• 19:58
  But you see what I'm saying It's there are practical uses.
• 20:02
  Bitcoin. It's literally a Ledger.
• 20:04
  It is a Ledger and but it's a international Ledger.
• 20:08
  It's cross-border it it's it's bigger than any government.
• 20:13
  I see. I agree with.
• 20:14
  You, so I mean like you know again that that's Bitcoin's
• 20:19
  incentives playing out in real time, right?
• 20:22
  Like, if you guys noticed the tickers in the back, right, it
• 20:26
  had MicroStrategy stock in there and it was at $454.
• 20:30
  You know what MicroStrategy stock is right now?
• 20:32
  I think it's like a $1400, right?
• 20:35
  Just to kind of give you an idea.
• 20:38
  But again, the fact that, you know, Larry Fink is literally
• 20:42
  talking about, yeah, you want to get Bitcoin if you live in a
• 20:44
  totalitarian country, you know, this is a store of value.
• 20:49
  Do you think that he would be saying that just for ideological
• 20:54
  reasons? Do you think he'd be saying
• 20:55
  that, you know, just because you know it makes them happy?
• 20:59
  No, he's saying that because he sees an opportunity.
• 21:02
  But the beautiful thing about Bitcoin, unlike Fiat, is that
• 21:06
  Bitcoin has aligned, has an aligned incentive.
• 21:09
  Structured meaning everyone benefits from Bitcoin equally,
• 21:13
  right? Versus in the Fiat system, you
• 21:16
  get the You get the Contillionaire class right?
• 21:18
  And the Contillionaire class play by a whole different set of
• 21:22
  rules than everyone else, right? Here's Safidine.
• 21:26
  This is a great tweet. I want to end up with this
• 21:27
  before I pass it on to our panel.
• 21:29
  Opti and our guest today. But here's safe.
• 21:33
  And he says life is not supposed to have such easy shortcuts.
• 21:36
  But this only seems spectacularly easy because we've
• 21:39
  spent a century using money that's optimized for government
• 21:42
  criminals to rob you, and getting gas lit into believing
• 21:46
  life just has to get more expensive and saving is futile.
• 21:50
  You must keep working harder forever and become a part time
• 21:53
  hedge fund manager just to keep your keep the wealth you've
• 21:56
  already earned from work. If it wasn't for Fiat larcenary,
• 22:00
  everything would be would be always getting cheaper and
• 22:04
  saving would be an efficient way to provide for your future.
• 22:07
  It isn't that Bitcoin is too good to be true.
• 22:10
  It's just that it kills Fiat parasitism.
• 22:13
  And that is the world's biggest problem, right?
• 22:18
  So you could have made the argument not too long ago that
• 22:22
  one of those, you know, quote UN quote, biggest benefactors from
• 22:26
  Fiat parentism was people like Larry Fink, right.
• 22:29
  And you have one of the biggest Fiat contillionaires, to be
• 22:33
  frank, one of the people that was speaking the most at the
• 22:36
  Contillionaire conference or the World Economic Forum, whatever
• 22:40
  you want to that forum that they throw in Davos every single
• 22:43
  year. You know, now you have him
• 22:45
  absolutely talking the Bitcoin talk, talking about savings,
• 22:50
  talking about this being an alternative, talking this about
• 22:53
  protecting you from, you know, completely irresponsible
• 22:58
  government spending. And he, he even insinuated that
• 23:01
  that was the US and the host was like, no.
• 23:04
  And he was like, ha ha, no, I'm not talking about the US But of
• 23:06
  course he was talking about the US itself.
• 23:07
  And of course, this goes back to my original point of the tweet.
• 23:11
  You don't change Bitcoin. Bitcoin changes you.
• 23:15
  That could be Michael Saylor, that could be Larry Fink, that
• 23:19
  could be the president of the country.
• 23:20
  That could be a very wealthy oil chic.
• 23:23
  But eventually, everyone bows down to bitcoins, incentives.
• 23:27
  The only question that you have to answer is at what price?
• 23:32
  You know, are you gonna have to pay, right?
• 23:34
  Are you gonna be able to humble yourself quicker or you're going
• 23:38
  to have to pay a higher price later?
• 23:40
  That's the only question that's really on the table.
• 23:43
  So how long, you know, could these wealth managers and how
• 23:47
  how long could these public, you know, these CEOs of these public
• 23:50
  Fortune 500 companies, how long could they be looking at Michael
• 23:53
  Saylor's strategy and just be like, Nah, you know what?
• 23:57
  This guy's a kook. This guy's crazy.
• 24:00
  I mean, look, I I just got to say and I'll play you guys the
• 24:03
  video. During the news segment, Michael
• 24:06
  Saylor wore a Bitcoin logo today, all right?
• 24:08
  And he hasn't done that before. You know, the next step is him
• 24:11
  growing a beard. I guess that's just going to
• 24:13
  happen naturally. Anyways, I do want to get Eric's
• 24:16
  thoughts on this and then we move on to Opti.
• 24:21
  Yeah, I mean, this is a a big deal.
• 24:23
  I think it's just the capitulation.
• 24:25
  These guys are getting sucked into the vortex of incentives.
• 24:29
  You know, black rockets. And it's a bad reputation just
• 24:32
  because of the simple fact, at least in my humble opinion,
• 24:35
  these individuals have done everything that they can do to
• 24:38
  get the most. And pre Bitcoin that was to buy
• 24:41
  real estate, it was to leverage your size, it was to to to
• 24:45
  participate in that contilion air feedback loop, right.
• 24:48
  And so obviously the Fiat forces are unethical and they're
• 24:52
  bifurcating our society. But I think the thing that's so
• 24:55
  beautiful about Bitcoin is, is it's good for everybody.
• 24:58
  The incentives are with for what's best for the individual
• 25:02
  is now what's best for the collective as well.
• 25:05
  And so the path of least resistance to get the most is to
• 25:08
  stack SAT's. It's this invisible ethical
• 25:11
  monetary instrument and the fact that people want to hoard it is
• 25:14
  good for everybody. BlackRock was buying all these
• 25:17
  single family homes in America and that's contributing to
• 25:19
  homelessness. And so, I mean, I think it's a
• 25:21
  super fantastic thing. You know, there's a lot of
• 25:23
  people that are a bit bummed. There's a little bit of rhetoric
• 25:26
  and dialogue in the world around how all black rocks going to
• 25:29
  come in and corrupt Bitcoin. It's incorruptible.
• 25:32
  You know, it's like Jeff Booth and George Gammon.
• 25:34
  I listen to their debate the whole time.
• 25:36
  Jeff Booth is like, hey George, how are they going to corrupt
• 25:38
  it? He's like, oh, well, they're
• 25:40
  going to debase the currency further.
• 25:41
  They can. Only you can.
• 25:43
  You can't corrupt Bitcoin. You can only further corrupt
• 25:46
  yourself for a later layer on top of it.
• 25:48
  And so I just think it's a fantastic thing.
• 25:50
  BlackRock is starting to do the ethical thing and what's so
• 25:53
  beautiful about it is they don't have to make some enormous
• 25:56
  sacrifice and and like you know avoid, you know, a hard come up
• 26:01
  these people get the stack sats and how that's that's how
• 26:03
  they're going to make the most money.
• 26:05
  So 100% and and and and I love you hit the nail on the head,
• 26:08
  right. It's not that BlackRock changed.
• 26:11
  It's at the end that the incent, the game that they're playing
• 26:15
  has changed. And one game, the incentive
• 26:18
  structure is set up where you benefit from fucking other
• 26:22
  people over right versus the bit so funny versus the Bitcoin
• 26:27
  incentive structure, it's aligned right.
• 26:29
  So these miners and people that are running nodes and you know,
• 26:32
  even content creators, right, like yes, we love Bitcoin.
• 26:36
  Yes, we're mining Bitcoin. Yes, you know, we're running a a
• 26:39
  copy, you know, our own copy of the Bitcoin software and you
• 26:42
  could say oh you know, they're doing it for altruistic reasons.
• 26:45
  And you could say, I bet you these these effing miners are
• 26:49
  not mining for altruistic reasons, they're doing it out of
• 26:52
  the pursuit of profit. But the beautiful thing about
• 26:54
  Bitcoin is them by pursuing that profit, they're actually making
• 26:58
  the network stronger, right. And everyone benefits.
• 27:02
  And this is what we mean by bitcoins aligned incentive
• 27:06
  structure system. So it's not that Larry Fink all
• 27:08
  of a sudden found Jesus or found Satoshi is like, I want to be a
• 27:11
  good person now it's that he's just finding a system that, oh
• 27:15
  wow, like, yeah, we're just going to pursue this.
• 27:18
  But unlike the Fiat system that fucks everyone out, right, a few
• 27:21
  win, everyone else gets fucked over, then Bitcoin, everyone
• 27:25
  wins, right? So that's what you're seeing
• 27:27
  here. And then it all goes back down
• 27:29
  to that very, very simple phrase.
• 27:31
  You don't change Bitcoin. Bitcoin changes you.
• 27:34
  Opti that date, October 31st, 2017, when Larry Fink said, you
• 27:39
  know, Bitcoin is nothing more than the index of money
• 27:41
  laundering. Boy oh boy, how far have we come
• 27:44
  my friend? That was that was your first
• 27:46
  year, wasn't it? That was 20.
• 27:48
  Seven, literally. I think I I that predates me by
• 27:52
  like about a month. I I'm pretty sure I got in
• 27:55
  roughly a month after that clip, but it's very incredible just
• 27:59
  seeing how far the Bitcoin narratives have changed in what,
• 28:03
  7 years maybe? Yeah, about seven years.
• 28:06
  And it it's also incredible that you know the, I don't know who
• 28:10
  the Co host was or the the host there.
• 28:12
  But it's funny how we're still dealing with the same narrative
• 28:15
  flood lines that we've been dealing with forever that big
• 28:18
  corners have thoroughly destroyed for a long, long time.
• 28:21
  Anyways, on the clip actually one thing before I go to that
• 28:24
  Niko, you said something about huddling is hard like it's it's
• 28:29
  it's hard to huddle. And while I totally agree, I
• 28:32
  think there's like a psychological point that like
• 28:35
  once you understand why, and this is my PIN tweet, I've had
• 28:39
  this on my Twitter for a while. It's like once you know why you
• 28:42
  huddle, the huddling becomes easier.
• 28:44
  And here's some things you need to learn to understand why
• 28:47
  you're holding Bitcoin. But after a certain point, it
• 28:50
  becomes so much easier because I just save in Bitcoin, I just
• 28:54
  hold my Bitcoin and and someone else said in the chat of like, I
• 28:57
  wasn't able to save money before Bitcoin.
• 28:59
  And I was the same way. I could barely hold like $300.00
• 29:02
  without it burning a hole in my pocket.
• 29:04
  And after becoming a Bitcoiner and literally the me, my Bitcoin
• 29:08
  changes you. You don't change Bitcoin.
• 29:10
  I was actually able to, you know, accumulate a savings.
• 29:13
  And it's because Bitcoin is just the greatest savings vehicle.
• 29:16
  So it's pretty interesting to see Fink, and I'm going to put
• 29:20
  it in quotation marks, you know, become a Bitcoiner.
• 29:23
  I'm not sure if I'm hyped on this or just.
• 29:25
  Absolutely terrified about it. You know, like, it's the money.
• 29:28
  It's the money of enemies. I know I was just about to say
• 29:31
  this. I was just about to say the same
• 29:32
  thing. So it's like it's one of these
• 29:34
  things where like, look, BlackRock is the biggest asset
• 29:37
  manager in the world. They see the value, or at least
• 29:40
  they understand that publicly or politically, it's safe to
• 29:45
  embrace Bitcoin. And of course he's talking his
• 29:48
  bags. Of course, we all know that.
• 29:49
  But it's becoming a new paradigm, and I've been saying
• 29:52
  this for a while, that Bitcoin has crossed the Rubicon into
• 29:56
  public consciousness and now you're not going to lose your
• 29:58
  job for being a Bitcoin. You're not going to, especially
• 30:01
  as an investment manager. You're not going to lose clout
• 30:04
  amongst your peers if you're embracing Bitcoin.
• 30:06
  When the ETFs has basically had the best launch of any ETF ever,
• 30:11
  and now bitcoins at in price discovery mode, we're in 70 K
• 30:15
  This next year is going to be absolutely crazy.
• 30:18
  And you know where where? Someone said in the chat, which
• 30:20
  is funny, like ESG, Fink says. Like we're going to force
• 30:23
  behaviors. Bitcoin Fink is like we can't
• 30:25
  force behaviors like. Again, like, no better than
• 30:29
  they're they're like American Point.
• 30:33
  Yeah. And then on that point, like I
• 30:35
  said this last week, Nico, and you're like, no, we didn't.
• 30:37
  You know, we're seeing that BlackRock the pendulum, I think
• 30:41
  Fink and BlackRock and all the asset managers in the world,
• 30:44
  they're seeing the pendulum swing.
• 30:45
  And I saw a tweet this morning or maybe it was yesterday about
• 30:49
  just like how bad all Blackrock's ESG investments are
• 30:52
  going and how they're defunding out of those ESG investments.
• 30:56
  And it's very interesting now that they're just going like
• 30:58
  full head dive into Bitcoin, because we know Bitcoin is not
• 31:03
  not only the most economic investment, but it is the
• 31:06
  environmental investment in the world.
• 31:08
  Like Bitcoin mining incentivizes the use of good energy.
• 31:12
  And we're seeing right now that like there's been a lot of bad
• 31:15
  investments in quote UN quote green energy.
• 31:18
  And the fact that we're seeing these big asset managers, the
• 31:20
  biggest asset managers in the world start to embrace Bitcoin,
• 31:24
  that's going to not only be good for like the price but also for
• 31:27
  the world at large. And you know Bitcoin is the best
• 31:29
  store value period. Even fee gets it.
• 31:33
  And and one more last actually two more things.
• 31:35
  I love how the the the host says like oh you can't buy anything
• 31:41
  with Bitcoin and Fink's like yeah it's a it's a store of
• 31:43
  value. You can't buy anything with
• 31:44
  Palladium, like you can't ship gold off and go buy pizzas with
• 31:48
  that And yet people still think gold is money.
• 31:50
  And then the last thing is I just love how the the host
• 31:55
  commented about the the dollar losing value and he's like I'm
• 31:58
  not going to touch that. You know, he's like touching
• 32:01
  that at all. And we all know that's what he
• 32:03
  was talking about. Like everyone knows, what's the
• 32:05
  conversation happening right now?
• 32:06
  But man. It feels so good being right.
• 32:08
  It feels so good being right. It's vindication.
• 32:10
  I mean, and again, we're going to get to the Financial Times
• 32:13
  article during the news segment and literally it literally
• 32:15
  starts it off with like this is a vindication for the hodler.
• 32:18
  Anyways guys, I do want to remind you guys, right now
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  merch. We have T-shirts, we have hats,
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• 33:14
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• 33:18
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• 33:19
  I highly appreciate it. Anyways, ladies and gentlemen,
• 33:21
  no more delay. Let's get to the news.
• 33:22
  We have a lot to talk about. Let's check it out.
• 33:27
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  description or the QR code that was just put up on screen.
• 34:56
  Anyways, quick ETF update. I'm telling you.
• 35:00
  Look, you could say. You could say Rico, that's an
• 35:03
  effing coincidence. But I love the quote.
• 35:06
  I forget who it's by. There are no conspiracies, but
• 35:08
  there are also no coincidences. Or there's no coincidences, but
• 35:11
  there's also no conspiracies. I love that quote.
• 35:14
  I think it's very applicable here.
• 35:15
  OK, So what am I talking about, right?
• 35:17
  You know, I feel like I'm the meme of the guy, like with the
• 35:19
  with the with the board and the crazy eyes like putting stuff
• 35:21
  together. OK, So what am I talking about?
• 35:23
  This is what I'm talking about South over the weekend.
• 35:26
  What was about to happen? Was that the Black Rock ETF was
• 35:31
  about to overtake a Michael Saylor's micro strategy's
• 35:35
  Bitcoin position. Before Monday's announcement,
• 35:40
  Michael Saylor's position was at 195,000 Bitcoin and BlackRock
• 35:45
  was on track to overtake it this Monday, right?
• 35:48
  But what happened was Saylor made a Monday morning
• 35:51
  announcement and all of a sudden micro strategies in the clear by
• 35:56
  another 10,000 Bitcoin. You could say Nico, that's pure
• 35:58
  coincidence. That's just.
• 36:00
  I don't know, man. Look like.
• 36:02
  I don't know. I don't know.
• 36:04
  I don't. I I I would like to believe that
• 36:06
  Michael Saylor's like, you know what I want to stay ahead of the
• 36:08
  pack. I know you can make you can make
• 36:10
  the argument one's an asset manager, one's a publicly traded
• 36:13
  company and each other two totally different things.
• 36:15
  I would like to believe that there was some semblance of
• 36:19
  like, you know, I'm still the big dog here.
• 36:22
  But anyways, maybe I'm totally wrong, but that's.
• 36:25
  I would like to believe that. Anyways, so what's the big deal?
• 36:28
  Michael Saylor is came up with this very fascinating strategy
• 36:33
  where he's leveraging his company to get more Fiat in
• 36:38
  order to buy more Bitcoin, and the Fiat loans that he's getting
• 36:43
  are at ridiculous rates, right? Meaning that the bet really is,
• 36:48
  is Bitcoin going to outpace that interest rate?
• 36:53
  And the interest rates he has is so ludicrously low that it's
• 36:56
  like, it's so obvious, right? And then that leads me to the
• 37:01
  other inevitable conclusion that you get to, which is like how
• 37:04
  long until other companies see this And they're like, holy cow,
• 37:09
  I think, I think this is a viable strategy, maybe not going
• 37:12
  so intensely, maybe not going so aggressively, but at still at
• 37:17
  least having some type of exposure.
• 37:20
  So he goes on to say MicroStrategy has acquired an
• 37:22
  additional 12,000 Bitcoin for $821 million using proceeds from
• 37:29
  convertible notes and excess cash for $68,477 per coin.
• 37:36
  As of March 10th, MicroStrategy holds 205,000 Bitcoin acquired
• 37:41
  for 6.91 billion, an average price of 33,706 per coin.
• 37:48
  Now here's the thing. He's 5000 coins away from owning
• 37:52
  1% of every coin in existence or that that will ever exist in in
• 37:58
  Bitcoin, right? And what's really interesting is
• 38:01
  that, again, BlackRock is almost at that 1% number too.
• 38:05
  And Fidelity's almost at that. You know, relatively almost at
• 38:09
  that 1% number, right? It's a pretty interesting times,
• 38:14
  pretty crazy time. But I don't know about you guys.
• 38:16
  I ain't selling my Bitcoin to BlackRock, are you?
• 38:19
  Anyways, So he seems to be doing this strategy over and over
• 38:23
  again. We hear this announcement every
• 38:24
  once in a while. We reported it on it yesterday.
• 38:27
  Here's the Bitcoin therapist and I think he lays it out the best.
• 38:30
  He said. Sailor found the infinite money
• 38:32
  glitch, the infinite Bitcoin loop, Bitcoin MicroStrategy,
• 38:36
  debt, Bitcoin wash and repeat. This thing goes much higher.
• 38:40
  Wall Street FOMO is about to be insane, and that's absolutely
• 38:43
  right. He's leveraging his company.
• 38:47
  The company's share price goes up.
• 38:50
  He does it again. Rinse and repeat.
• 38:52
  The share price goes up, Bitcoin goes up.
• 38:55
  And he keeps repeating this. He literally found the infinite
• 38:58
  money glitch in a video game, but he found that in real life,
• 39:01
  all thanks to the Fiat system. This is what Sailor's doing
• 39:05
  right now. Holy shit, right.
• 39:07
  Which is fucking crazy. He's getting hundreds of
• 39:09
  millions of dollars out of nowhere at these crazy rates.
• 39:14
  The last time when we reported it to you guys last week, it was
• 39:17
  at .625% interest rate. That's that's free money
• 39:21
  essentially, right? Absolutely crazy.
• 39:24
  So Sailor did go on squawk Bach this morning.
• 39:27
  Of course, you know, like kind of I would say the the
• 39:29
  vindication media circuit celebrating you know, as long
• 39:35
  with I think Donald Trump was on this morning as well and they're
• 39:38
  asking him some questions. I had the whole entire video is
• 39:40
  about 12 minutes and 57 seconds. I don't know if we have time to
• 39:44
  play the entire thing, but I'll play you guys at the beginning
• 39:47
  because it's pretty interesting. Let's check it out.
• 39:50
  Welcome back to Squat Box this morning, Bitcoin Crossing the
• 39:52
  $70,000 mark for the first time on Friday this morning, it's now
• 39:54
  above $72,000. Join us right now to talk
• 39:57
  Bitcoin is Michael Saylor, Micro Strategy Executive Chairman and
• 39:59
  AK out from the company this morning revealing it just bought
• 40:02
  more than $800 million in Bitcoin.
• 40:05
  As of the end of last month, this company held about 200,000
• 40:08
  bitcoins. And Michael, I want to thank you
• 40:10
  for joining us. You have been early and
• 40:12
  courageous and you continue to double down.
• 40:16
  I want to talk about where you think Bitcoin is, but also I
• 40:18
  want to talk about how you think about micro strategy and your
• 40:21
  company as a proxy for Bitcoin. Now that ETF's are available to
• 40:24
  the public. Sure.
• 40:27
  Well, I think I'd start just with Bitcoin.
• 40:29
  It's Bitcoin is is certainly at least digital gold.
• 40:31
  It's going to eat gold. It's got all of the great
• 40:33
  attributes of gold, and it's got none of the defects of gold.
• 40:36
  If you could teleport gold from New York to Tokyo in a in a few
• 40:39
  minutes, people would like it. It's going to divert capital
• 40:43
  from risk, risk assets and risk ETFs like SPY and you can see
• 40:47
  that these, these ETFs are doing that.
• 40:50
  It's going to be incorporated into a lot of funds like the
• 40:52
  Black Rock Global Opportunities Fund or the Strategic Income
• 40:55
  Opportunities Fund. And so as it it's an asset
• 40:57
  class, as it goes into other funds, it's going to become
• 40:59
  structural. The halving is going to cut the
• 41:01
  organic supply of natural sellers in half around April
• 41:04
  20th. That means there's only about
• 41:06
  30, one, $32 million a day of natural sellers and the price of
• 41:10
  Bitcoin is going to have to adjust up in order to meet that
• 41:12
  investor demand. So I think that's what's going
• 41:14
  to happen next to the asset class.
• 41:15
  So absolute bold hearted going in hot.
• 41:20
  The guy has his his shirt unbuttoned, he is wearing
• 41:24
  Bitcoin merch. I think that's the first I've
• 41:27
  seen on Sailor that giant effing smile.
• 41:31
  Yeah, this is, this is what winning looks like.
• 41:33
  You know in in the next cycle Michael Saylor is going to have
• 41:36
  a lot beard. I'm telling you it's going to be
• 41:38
  like it's going to be long, you know, and it's just it just
• 41:41
  comes with, you know, holding Bitcoin and what it does to you.
• 41:44
  It just kind of gives you this like, I just, I don't care.
• 41:47
  You guys gave me so much shit for so long.
• 41:50
  I was right kind of, ha, ha. You know, of course, you know,
• 41:53
  he has to be responsible. He's the CEO and chairman of a
• 41:56
  public company, all that good stuff.
• 41:58
  But still, man, I mean, he is stepping out of his comfort
• 42:01
  zone. He's smiling more and he's
• 42:03
  wearing a Bitcoin shirt on legacy financial media, right.
• 42:06
  But OK, And on a more serious note, let's pay attention to a
• 42:10
  couple of things that he said about how BlackRock is including
• 42:13
  this on in other funds. That is absolutely, 100% right.
• 42:18
  So other than the ETFs, Bitcoin is being added to other funds.
• 42:23
  So other funds are getting Bitcoin exposure.
• 42:26
  What what happens when that Bitcoin allocation, that 1% or
• 42:31
  3%, whatever, starts outperforming the rest of the
• 42:36
  portfolio of that said fun, what happens there, right?
• 42:39
  And it starts to become right this, you know, this self
• 42:43
  fulfilling prophecy kind of feeds into each other and that's
• 42:47
  exactly what's happening right now.
• 42:49
  That's what's happening with Michael Sailor's stock.
• 42:51
  That's what's happening with these ETFSI think that's what's
• 42:54
  beginning, starting to beginning to happen with Wall Street
• 42:57
  getting a taste of what absolute scarcity feels like.
• 43:00
  And Sailor said it best. We have the having coming along,
• 43:04
  right? So that cell pressure gets cut
• 43:06
  in half, all the stars and moons and planets through all
• 43:11
  aligning. Right now, it's all incredibly
• 43:13
  obvious. Maybe we're in the euphoria
• 43:15
  phase, Opti, but I don't know, man, the trends are still down.
• 43:19
  You know, people aren't really searching this enough.
• 43:22
  I'm not. I'm still not getting text
• 43:23
  messages from people that I haven't talked to in seven
• 43:26
  years, so I still feel like we have a long way to go, my
• 43:30
  friend. Maybe I'm being, you know, way
• 43:34
  too optimistic, but that's currently how I'm feeling.
• 43:37
  Anyways, I want to get Eric Stotts and then we'll move on to
• 43:39
  Opti. Yeah, Giga Chad, man, He it's
• 43:43
  like he hacked the Matrix. He figured out how to flip the
• 43:46
  system on its head and benefit himself in in just such an epic
• 43:50
  way. He created this feedback loop.
• 43:52
  They have to keep lending these shitty cuck bucks into
• 43:55
  existence. He's like, yeah, I got a
• 43:56
  business. I'm a fiscally responsible guy.
• 43:59
  You can pass it over here. We got a cash flow.
• 44:01
  I'll pay the bills. They keep loading the money.
• 44:03
  He's like, you fucking dummies. He keeps just putting it into
• 44:06
  Bitcoin, dude. It's one of the most epic
• 44:08
  things. He's going to go down in the
• 44:09
  history books as the greatest fucking traitor in all of human
• 44:12
  history. Dude, he's he's leveraging the
• 44:14
  Fiat system to speculatively attack the dollar.
• 44:18
  That's what's happening right now.
• 44:19
  Am I wrong all? Your models are destroyed.
• 44:22
  Chat, dude. He's attack.
• 44:24
  He's attacking the Fiat system. He can't Fiat system Nico.
• 44:28
  He can't actually say that's what he's doing.
• 44:31
  Need to say that when he wears that shirt on TV with that giant
• 44:35
  smile, and when he eventually starts growing in a beard in
• 44:38
  about a year or two, then it's going to be confirmed.
• 44:41
  He might not say it publicly, but it will be confirmed at that
• 44:44
  point. Going to be a big godly beard?
• 44:49
  For sure it is. It might start more.
• 44:50
  Lasers coming out real. Yeah.
• 44:52
  All. Got 1,000,000 bucks, He's going
• 44:54
  to wear all white. He's.
• 44:55
  Going to be wearing all weight anyways, Opti.
• 44:58
  What's your take on all this, brother?
• 45:00
  Dude, I've been saying for a while, man, you know, I wish I
• 45:04
  had this infinite money glitch that Sailor has.
• 45:06
  He's just, he's absolutely putting on a master class.
• 45:10
  And you know, I was, I was watching these numbers.
• 45:13
  I think I mentioned it last week on Friday when we were covering
• 45:17
  the spot ETF numbers. And it's like, man, it looks
• 45:20
  like BlackRock might actually overtake Michael Chad Saylor and
• 45:24
  Micro Strategy. And remember we we were covering
• 45:27
  this news over the weekend. Nico, it's like what?
• 45:30
  When that microphone last. Last what what's it what what's
• 45:34
  the sale? I I I'm blanking on what he
• 45:36
  calls it. But it was at 600 million and
• 45:39
  then Friday came out, it was 700 million and then on Monday
• 45:42
  morning it's 800 million. He's like, dude, I am not gonna
• 45:45
  let you guys overtake me and like you said, you know 5000
• 45:49
  Bitcoin away from getting 1% of the total Bitcoin supply.
• 45:54
  Now the real question is, is, is he gonna be able to keep this
• 45:57
  up? Because BlackRock seems to be
• 45:59
  taking an incredible amount of Bitcoin.
• 46:02
  I know, I know, he's going to get.
• 46:06
  Passed, but he had the last say. He got it.
• 46:08
  He. Got it.
• 46:09
  But man it's just it's absolutely incredible and and
• 46:12
  really like the signal here is of course not only that sailor
• 46:15
  does seem more happy you know he's having a good time.
• 46:18
  He's wearing Bitcoin merch on on the show and it's just win
• 46:24
  another couple billionaires or one more billionaire comes out
• 46:28
  and starts playing this game. Not only is that going to like
• 46:31
  it's going to really blow the price up and the game theory is
• 46:34
  really going to start to take hold.
• 46:36
  But it's going to be incredibly hard for any other high net
• 46:39
  worth individual to ever catch up to Michael Saylor or
• 46:43
  BlackRock. And they won't be able to.
• 46:45
  Yeah, they won't be able to. It's going to be absolutely
• 46:47
  incredible. Like we Sailor might like like
• 46:50
  Eric was saying, sailor's probably gonna go down as not
• 46:52
  only the best trader, but probably the richest man in the
• 46:55
  world coming up now. And it's like, man, what a what
• 46:58
  a time to be alive. And that we all watch this
• 47:00
  happen in real time. And remember, Nico, you were
• 47:03
  talking to him in in Madera and he's all like, I have no idea
• 47:06
  why no one else is doing this. Yeah, he's like it's the
• 47:09
  simplest trade ever. What are you guys even doing?
• 47:11
  Do you guys even care about money?
• 47:13
  And storing your valley like this is the easiest thing ever?
• 47:16
  Yeah, 'cause for anyone tuning in, right?
• 47:17
  So you know I I was very, very lucky enough to cross paths with
• 47:21
  Taylor and and Bitcoin Atlantis and and Malayeda and Portugal.
• 47:25
  And I was like dude, like you're clearly outperforming you know
• 47:28
  you you had, I didn't say dude but I was like you're
• 47:30
  outperforming stuff. You know you you did your, your,
• 47:34
  your your quarter one you know micro strategy presentation.
• 47:38
  He's like flexing having him. He's doing the presentation with
• 47:41
  the numbers next to him. Micro strategy is outperforming
• 47:44
  everything. And I asked the point, but I'm
• 47:46
  like why isn't someone copying you by now?
• 47:48
  Like this is so obvious. He's like, I don't know, right.
• 47:51
  So like, you know and that you can only that you can only do
• 47:54
  that for so long until the pressure from markets start to
• 48:00
  do what the pressure for markets do best, right.
• 48:03
  I don't think it's a coincidence that the CEO of Vanguard stepped
• 48:06
  down, you know, a couple weeks or a month or a month after he
• 48:10
  said that Vanguard was not going to be allowing their customers
• 48:14
  to buy Bitcoin, Right. So again, like, you can take an
• 48:18
  ideological stance against this thing, but you know, this
• 48:22
  thing's just going to eat your lunch, literally.
• 48:24
  Bitcoin is the apex predator. Bitcoin is the black hole.
• 48:27
  It's going to, it's going to eat everything in its path and you
• 48:30
  either decide to jump on the train or you don't.
• 48:33
  Caisson said it best this morning.
• 48:36
  I'm going to pull up the tweet because it's extremely, He said.
• 48:40
  Bitcoin has won. Those who choose to lay down
• 48:43
  their financial arm and capitulate now still have the
• 48:46
  opportunity to not get wrecked and keep of some of their wealth
• 48:49
  intact. Everyone and everything else
• 48:52
  will be devastated. You have been warned 100%,
• 48:55
  right? And whether that's the legacy
• 48:57
  financial media, whether that's these institutions, I don't care
• 49:00
  how long they've been around. If you don't have exposure to
• 49:04
  Bitcoin, you're not only doing a disservice to your company, but
• 49:08
  if you have clients that are, you know, supposedly looking to
• 49:12
  you for financial advice, you're doing a disservice to them as
• 49:16
  well, right? And that's, I believe that is
• 49:19
  what's gonna be, that's what's gonna become really apparent
• 49:22
  this cycle, right. And another indication of that
• 49:26
  is not only are we having the legacy financial media
• 49:29
  capitulating, this is an opinion piece by the Financial Times.
• 49:34
  The Financial Times is again one of the staples of, you know, the
• 49:39
  legacy financial. World we don't call them the
• 49:41
  Fiat times for nothing. Like, we're literally, like, I
• 49:43
  remember when Opti joined, he's like, why the F are we
• 49:45
  subscribed to FT and Bloomberg? I'm like, bro, if you want to
• 49:49
  know what your enemy's thinking, we have to read what our enemy
• 49:52
  is reading, right? And again, so we're very plugged
• 49:55
  into what the legacy, the legacy financial media thinks of
• 49:58
  Bitcoin because it's really, really important.
• 50:00
  And again, this is a capitulation piece, this entire
• 50:04
  thing, It's a very, very good, positive step in, in the right
• 50:09
  direction. Again, this is once again the
• 50:11
  legitimization of Bitcoin in the traditional financial world,
• 50:15
  which I know for a lot of bitcoiners, you're like, I don't
• 50:16
  give a flying fuck about that, OK, you don't care, but and I
• 50:21
  don't think you don't need to care, right?
• 50:23
  You know, Eric, Eric Caisson said it best, right?
• 50:25
  Bitcoin already won. It's your choice whether you
• 50:27
  want to get left behind or not. But still, this vindication
• 50:31
  feels good. And this vindication also tells
• 50:33
  me that there's a lot more institutional interest coming
• 50:37
  in, which means number go up of course.
• 50:39
  So anyways, this opinion piece is called Bitcoin Bulls Are not
• 50:42
  The Bigger Fools. It's on the Financial Times
• 50:45
  website. It goes on to say once dismissed
• 50:47
  as fanatics, the Bitcoin bulls must be feeling vindicated.
• 50:51
  God damn right we are. They made an accurate call in
• 50:54
  the cryptocurrency's potential for gains, witnessed the
• 50:57
  staggering rally underway, and we're right, at least in part,
• 51:01
  for the right reasons. When Bitcoin was all the rage at
• 51:04
  the start of this decade, many serious investors and
• 51:07
  traditional economists spurred it as a useless fad, even a
• 51:10
  fraud. Their scorn, seemingly confirmed
• 51:13
  by its crash in 2022, persists today while the currency
• 51:17
  separates itself from the pack. Back in 2021, Bitcoin was often
• 51:21
  groped alongside other favorites of the day trading crowds, such
• 51:25
  as unprofitable tech and meme stocks.
• 51:27
  Today, those other bubblets are traded on average at half their
• 51:31
  peaks. While Bitcoin recently hit an
• 51:33
  all time high, it is extremely unusual for a bubble to burst
• 51:37
  and recover to reach new heights so quickly and suggest that
• 51:41
  something real and sustainable is going on.
• 51:44
  Again. Guys, you have to understand who
• 51:46
  is saying this. This isn't just bitcoiners on
• 51:49
  Bitcoin Twitter or bitcoiners on NOSTOR or bitcoiners in general.
• 51:54
  This is the legacy financial media telling you this right?
• 51:57
  Bitcoins come back as remarkable as well for defying the general
• 52:01
  shape of the current bull market, which is heavily
• 52:04
  concentrated in the big tech stocks.
• 52:06
  Investors have taken the tech heavyweight seriously
• 52:09
  throughout, perhaps even more so now that they are seen as the
• 52:12
  giants most likely to dominate the future of artificial
• 52:15
  intelligence. Bitcoin gets no boost from AI
• 52:19
  mania. The Bitcoin bulls have been
• 52:21
  proven mostly right about its prospects as a long term
• 52:24
  investment and in this regard as the king of crypto.
• 52:28
  Since the low point in the late 2022, its prices up around 300%,
• 52:33
  more than all but one of the top 10 cryptos, more of what is the
• 52:37
  fastest growing from a much larger base, with a market cap
• 52:41
  of more than 1.3 trillion. Skeptics doubted that Bitcoin
• 52:46
  could ever be taken seriously while its price was swinging so
• 52:49
  wildly. But its volatility has been
• 52:51
  dropping sharply, according to Bloomberg and at its historic
• 52:55
  loads nearly five times less volatile than at the dizzying
• 52:58
  highs of the past decade. It is, though, still less safe
• 53:02
  as a currency than the dollar. I disagree with that.
• 53:05
  Or as an investment than gold. I disagree with that also.
• 53:09
  The fundamental story has not confirmed the bull's case for
• 53:12
  Bitcoin in every way. They expected that, lifted by
• 53:15
  its popularity among the youth, it would become the new digital
• 53:19
  gold. That's still a dream.
• 53:21
  Gold has been more than holding its own trading at all time
• 53:24
  highs and far above its fair value base on inflation
• 53:28
  expectations. To diversify away from the
• 53:30
  dollar, central banks worldwide are buying gold, not Bitcoin, at
• 53:35
  record pace. What?
• 53:36
  I mean, what I gotta say about, you know, the central banks
• 53:39
  doing that is have fun staying poor.
• 53:42
  And here's Dylan Leclair right, accurately pointing out, you
• 53:47
  know, the micro strategy playbook.
• 53:49
  Micro strategy issues debt to buy Bitcoin, Bitcoin against
• 53:52
  debt, micro strategy market cap, micro market cap goes up, weight
• 53:56
  in indices goes up, Micro strategy issues, equity to buy
• 53:59
  Bitcoin, Bitcoin. And they just rinse and repeat,
• 54:02
  right? How long until people figure
• 54:03
  this out? How long into a central bank
• 54:06
  figures this out, right? How long until that happens?
• 54:10
  It's not a question of if, it's a question of when, right.
• 54:13
  So expect more of these vindication articles coming out
• 54:17
  from legacy financial media. Expect the legacy financial
• 54:20
  video media to talk more and more and more bit about Bitcoin
• 54:24
  over the next couple weeks. Man, I I agree with Eric.
• 54:27
  I think we won. This is what winning feels like.
• 54:29
  You know, maybe it's the first innings of it, maybe we're in
• 54:32
  the process of jumping that chasm, you know, between the
• 54:35
  early innovators and early majority.
• 54:37
  But yeah, I mean, you know why I say we're winning guys?
• 54:41
  Because never in Bitcoin's history has.
• 54:44
  And shout out to Sailor for putting his neck on the line.
• 54:47
  He put his public company on the line and his neck on the line
• 54:52
  and said listen Bitcoin. A Bitcoin strategy is a
• 54:56
  necessity. It's it's not an option.
• 54:59
  And he was proven right. And on the nation state level,
• 55:02
  you have El Salvador also being proven tremendously right.
• 55:06
  Right. And again, do you think it's a
• 55:08
  coincidence that the, the country with the most popular
• 55:11
  president on the face in in in the Americas has also made
• 55:16
  Bitcoin legal tender? Do you think it's a coincidence
• 55:18
  that they have somehow figured out the security situation on
• 55:21
  the ground of their country and no other country has You know,
• 55:24
  do you think that's a coincidence?
• 55:25
  Is sure a lot of coincidence these days.
• 55:28
  Anyways, that's what I got to say about that, man.
• 55:30
  But this is, this feels good, Opti, this feels good.
• 55:33
  This is vindication for, you know, bit corners that have been
• 55:36
  here for a couple of years, you know.
• 55:38
  Yeah, well, I just want to quickly touch on the the Fiat
• 55:41
  Times article. You know, I find it very telling
• 55:47
  that this is just an opinion piece, not necessarily like a
• 55:50
  news story. And if since we've been
• 55:52
  following, you know, like I had to catch up and I like at first
• 55:55
  like I was even like Nico mentioned, you know, I'm like
• 55:57
  why are we following these? Like this is all trash.
• 56:00
  But you realize that a lot of signal gets leaked out in quote,
• 56:03
  UN quote opinion pieces. And that's how you start to kind
• 56:07
  of spread that signal so that it's palatable for most people
• 56:10
  and men. Again, this is vindication.
• 56:13
  We're seeing all kinds of articles come out from and the
• 56:16
  corporate press like this about being maybe the Bitcoiners were
• 56:19
  right about this. I think there was one.
• 56:21
  I forget where it was. It was like Yahoo or something
• 56:24
  on Friday where they're basically saying the same thing.
• 56:26
  Like, oh, the Bitcoin bulls are correct.
• 56:28
  And I absolutely love that headline.
• 56:30
  You know, Bitcoin bulls. We're not the biggest bulls in
• 56:33
  the room. We might actually be the smarter
• 56:35
  ones in the room. And finally, you know, we're
• 56:37
  we're in the cycle where it's, you know, I always joke about
• 56:41
  the Bitcoin cycles. There's like three years where
• 56:44
  you are considered an idiot and then one year of you being
• 56:47
  considered a genius. And how we're getting into maybe
• 56:51
  we're going to be geniuses for more than just one year.
• 56:54
  So hey, it feels good seeing the Fiat time slowly trickle that
• 56:58
  signal out there and you start to see that the tide is
• 57:02
  shifting, that people are starting to wake up to Bitcoin
• 57:05
  as a viable alternative to everything else.
• 57:08
  And now it's palatable. And now everyone's like, wait, I
• 57:12
  need a Bitcoin strategy or else I'm getting left in the dust.
• 57:15
  So I don't even think we've seen the start of the FOMO yet.
• 57:18
  I I again, I'm not getting tech. Like my friends still think
• 57:21
  they're they're like, well, my friend this morning was texting
• 57:24
  me about like, oh I'm buying Reddit stock, it's going to be
• 57:27
  the next GameStop. And I'm like, bro, I've been
• 57:29
  telling you about Bitcoin for years now and you still don't
• 57:32
  listen to me. So I don't even think we've
• 57:35
  gotten into the retail FOMO yet. But hey, Wall Street is starting
• 57:39
  to really catch that FOMO bug, and I'm mad I'm here for it.
• 57:43
  Oh man. Eric, what's your take on all
• 57:44
  this, bro? Are we winning or are we
• 57:46
  winning? Oh, we're winning.
• 57:48
  And it's game theoretic. You know, the thing that's so
• 57:51
  awesome with what Sailor's done is as if other corporations
• 57:55
  don't do it. He's going to own the world.
• 57:57
  He's going to have corporation. He's going to start diluting his
• 58:01
  shares to just buy up all the other companies, you know, and
• 58:04
  and unethical companies that have a history of just perpetual
• 58:07
  scumbaggery like Nestle, for example.
• 58:10
  Come the end of the year, when the accounting rules change,
• 58:14
  they're going to be incentivized to buy Bitcoin instead of go to
• 58:17
  some impoverished village somewhere, drill a well and then
• 58:20
  sell water to people who are starving and thirsty and have no
• 58:23
  money, right. And so it's the game theory
• 58:25
  that, like, you either join Bitcoin or you get wrecked, you
• 58:29
  know? And it's like, yeah, it's a big
• 58:31
  deal. I think that what he's done is
• 58:34
  just epic. And it's my understanding too
• 58:36
  that he single handedly like pushed the accounting board over
• 58:41
  the edge and orange peeled these people.
• 58:43
  And I do also think that the reason that these other
• 58:46
  companies aren't doing it is because of the accounting
• 58:49
  practices and the fact that it's it's bad for their P&L and there
• 58:53
  are a bunch of normies. These companies are ran by
• 58:56
  people, board of directors. They have a board of directors
• 58:58
  who don't understand this. They especially if you're a
• 59:01
  board member of a mega corporation, you've been a
• 59:04
  contillionaire, you've been winning.
• 59:06
  So you don't have that economic pain and that like large
• 59:09
  incentive for you to figure out how to escape the problems
• 59:12
  because your life has actually been quite good.
• 59:14
  And so that's all changing now because if these people don't do
• 59:18
  it, if these corporations don't adopt the treasury reserve
• 59:21
  standard like Sailor did, they're toasts.
• 59:23
  And so that's just super exciting.
• 59:25
  Same thing with nation states. El Salvador, I look, so dude, 20
• 59:29
  years. It's going to be epic to see
• 59:30
  what El Salvador looks like, dude.
• 59:32
  It's like, dude, it's so exciting.
• 59:35
  And it's not like nobody has to make some, like, painful,
• 59:38
  terrible sacrifice to do the right thing.
• 59:41
  Like, you do the right thing and you get paid the most.
• 59:43
  You come up the hardest. And so yeah, it's awesome, man.
• 59:47
  Absolutely. Awesome, man.
• 59:48
  It feels it feels good. It feels good to win.
• 59:51
  Ladies and gentlemen, take it in.
• 59:52
  If you guys got in before January of 2024, you frant ran
• 59:56
  Wall Street and feel good, feel good.
• 1:00:00
  This is all vindication, ladies and gentlemen.
• 1:00:02
  They're. Telling.
• 1:00:03
  Us. They're telling us.
• 1:00:05
  They're saying it. They're saying it on video.
• 1:00:07
  They're saying it, you know, in the papers.
• 1:00:09
  It feels, feels really, really good.
• 1:00:11
  Anyways, guys, I do want to give a very special shout out to our
• 1:00:14
  sponsor. Of course I'm talking about
• 1:00:16
  Bitcoin evangelism, and it's a book by Brian de Mint.
• 1:00:19
  It's called Bitcoin Evangelism, Planting Seeds for the
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  Mint is an absolute beast of a resource for orange billing, no
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  coiners and all corners alike. This is a book for Bitcoiners
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  who know Bitcoin but have a hard time explaining it to their
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  friends. It's a book for bitcoiners who
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  are trying to explain Bitcoin only to all coiners.
• 1:00:40
  It's available on Amazon right now.
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  Scan the QR code on your screen or check the link in the video
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  description. All right, everybody, let's hit
• 1:00:48
  the culture. The Daily Culture.
• 1:00:59
  Right, ladies and gentlemen, before we get to the culture, I
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  Check out kaboom racks today. All right, OPTI, what are we
• 1:01:38
  talking about? During the culture, man?
• 1:01:40
  We got Eric here. We got to we got to take
• 1:01:42
  advantage of him joining us. We got the news out of the way.
• 1:01:45
  Yeah, yeah. So just like everyone on our
• 1:01:48
  show, in our chat, they they love Bitcoin origin stories.
• 1:01:51
  So I know we're gonna tee you up for some rants, but let's just
• 1:01:54
  start with the Bitcoin origin story.
• 1:01:55
  So, Eric, why'd you become a bitcoiner?
• 1:01:58
  What? What's What's the deal here,
• 1:02:00
  bro? So I'll give you the most
• 1:02:03
  comprehensive version of that story and keep it as short as I
• 1:02:06
  can. My parents divorced when I was
• 1:02:09
  five years old. My mother remarried a
• 1:02:12
  psychiatrist. He worked in the prison systems
• 1:02:14
  and he fucking gave all these inmates a bunch of pills.
• 1:02:17
  And as a result, multiple family members of mine got into anti
• 1:02:20
  anxiety and antidepressants. You know, societally accepted.
• 1:02:24
  And they thought that they were doing the right thing because
• 1:02:26
  here's this individual with a doctorate degree who's credible
• 1:02:30
  and whatever. And so by the time I hit my
• 1:02:32
  teenage years, I developed an affinity for cannabis and an
• 1:02:36
  aversion to pharmaceuticals. And what now I look back at is
• 1:02:41
  just the Fiat world. And that led me into ended up in
• 1:02:47
  Humboldt County. In 2009 I got invited to
• 1:02:50
  Humboldt County to trim a on a trim scene, an outdoor harvest
• 1:02:54
  with, I don't know, a bunch of ganja and it was a medical
• 1:02:57
  marijuana farm. And for me that was kind of a
• 1:03:00
  dream come true. I never left.
• 1:03:02
  I've been here since and I started to professionally
• 1:03:06
  cultivate cannabis and I had all of my ducks in a row when Prop
• 1:03:11
  64 was passed. And so I purchased a property in
• 1:03:14
  consultation with Humboldt County and the state of
• 1:03:17
  California to become a licensed cannabis farmer.
• 1:03:20
  And that was in 2016. It was a two year process of me
• 1:03:24
  owning this farm, becoming licensed and then in turn
• 1:03:27
  selling the the property. It was the 1st house in the
• 1:03:30
  first acreage that I had purchased.
• 1:03:33
  So I spent, I don't know a year going down the rabbit hole
• 1:03:36
  learning about our economy and our money system and the boom
• 1:03:39
  bust cycles. You know, I was 33 years old at
• 1:03:42
  the time and obviously I own this land, so I had a huge
• 1:03:45
  economic incentive to understand what forces I was contending
• 1:03:48
  with and that sent me to understanding hard money and
• 1:03:52
  then Bitcoin. It was like 2017 in November
• 1:03:56
  when I discovered Bitcoin and my mind exploded.
• 1:03:59
  I couldn't believe it because I had seen demand meet supply and
• 1:04:04
  as demand meet supply with anything and in my case it was
• 1:04:07
  cannabis, the the value of that product was going down and my
• 1:04:12
  basic understanding at the time of Bitcoin and having this hard
• 1:04:17
  capped money which essentially money has infinite demand on it.
• 1:04:21
  It's a call option on any good or service that the marketplace
• 1:04:23
  produces. So everybody on planet earth
• 1:04:25
  wants money. So you got infinite demand with
• 1:04:28
  true scarcity. So as the demand goes up for
• 1:04:31
  Bitcoin, the supply doesn't doesn't change as the demand was
• 1:04:34
  going up for cannabis, their prices bid up.
• 1:04:38
  It's more of an economic incentive for entrepreneurs and
• 1:04:40
  capital to move into the cannabis business and meet that
• 1:04:44
  demand, with supply driving the price down.
• 1:04:47
  And so my stumbling down the rabbit hole, if you will, really
• 1:04:52
  helped me to understand that I had an existential crisis and my
• 1:04:55
  dream come true. I ended up getting licensed in
• 1:04:59
  the first week of January 2018, which was the beginning of
• 1:05:04
  licensure from the state of California.
• 1:05:05
  It was like a dream come true for me.
• 1:05:07
  Since I was 15 years old. I had been, I don't know, kind
• 1:05:10
  of like an outcast for liking cannabis and no other drugs.
• 1:05:14
  My I had an affinity for cannabis because it's a fucking
• 1:05:16
  plant and it's anti cancerous and it's, you know, I don't
• 1:05:19
  know. I think that people should at
• 1:05:21
  the very least have the option to consume cannabis and not go
• 1:05:24
  to jail if they want to, right? And so this was an epic
• 1:05:27
  monumental achievement for me in my life turn absolute nightmare.
• 1:05:32
  You know, as an example, 10 years ago a bulk wholesale
• 1:05:36
  premier pound of cannabis was $3000, and today a better pound
• 1:05:42
  is like 800 bucks. But my cost of living is
• 1:05:45
  doubled, if not tripled. So I make anywhere between like
• 1:05:48
  1/6 to 118th per unit produced. And so that's the deflationary
• 1:05:53
  forces that we're experiencing in the world.
• 1:05:56
  And at the time when I own this property, I intuitively knew
• 1:05:59
  that I had a problem and my, I don't know, come to Bitcoin
• 1:06:04
  moment, if you will, was what? What incentivized me to sell the
• 1:06:07
  property and pivot my business strategy to consulting.
• 1:06:12
  And when the Sailor series hit, that's when I was all in.
• 1:06:16
  I panic sold essentially sweating bullets, just like
• 1:06:19
  everything that I possibly could and piled all into Bitcoin.
• 1:06:23
  And actually I I haven't purchased a house since I sold
• 1:06:26
  that property. And I live in a rental.
• 1:06:28
  I own two vehicles. I got a wife, I got one kid, and
• 1:06:30
  I live in a rental and I own Bitcoin.
• 1:06:32
  And it's quite liberating, honestly.
• 1:06:34
  It's a it's a powerful feeling. And it's also, you know, for me,
• 1:06:40
  every time I bag a pound, it's a fuck you to big Pharma.
• 1:06:43
  You don't have multiple family members who died as a result of
• 1:06:46
  getting into pharmaceuticals. My mother committed suicide when
• 1:06:49
  I was 20 years old because she had been taking antidepressants
• 1:06:52
  for, you know, 10 years, 15 years, and they didn't solve any
• 1:06:55
  of her problems. So now, like, I stack Sats and
• 1:06:59
  it's a fuck you to the big Fiat world, right.
• 1:07:01
  And so there's a lot of things that are aligned there that are
• 1:07:05
  kind of powerful and mean a lot to me.
• 1:07:08
  Yeah. So I'm.
• 1:07:10
  I'm a hardcore bitcoiner. No shit.
• 1:07:12
  Coins. Nothing.
• 1:07:13
  No gold. None of it.
• 1:07:14
  All Bitcoin. All Bitcoin forever.
• 1:07:16
  I'll ride this thing to Infinity or to zero.
• 1:07:18
  I don't give a fuck, dude. Let's go, Let's go.
• 1:07:25
  Oh man. He literally sold his chairs for
• 1:07:27
  Bitcoin. Let's, let's talk about what?
• 1:07:30
  You are shit coins, ladies and gentlemen.
• 1:07:32
  We're not in chairs right now. Let's talk about what you were
• 1:07:35
  telling us before we even went live on how you have no concern
• 1:07:39
  over Bitcoin regulations and how regulations are going to have to
• 1:07:42
  bend the knee to Bitcoin, especially considering what you
• 1:07:45
  just told us. I think that's great.
• 1:07:46
  Great segue. Yeah, so in 1996, Prop 215 was
• 1:07:52
  passed in the state of California, which was the
• 1:07:54
  regulation that put into effect lawful production and
• 1:07:58
  distribution of cannabis or medical marijuana at the time
• 1:08:02
  for qualified patient members. You could go to a doctor.
• 1:08:05
  If the doctor and it turned into a pay to play, you know what
• 1:08:09
  kind of situation. You go to the doctor, you say
• 1:08:10
  hey I have aches or pains or I have terminal cancer and
• 1:08:12
  everything in between and they'll write you a prescription
• 1:08:15
  for cannabis which allows you to go to a dispensary.
• 1:08:18
  They purchased cannabis. Well the result of that over 22
• 1:08:21
  years until Prop 64 passed an adult use recreational cannabis
• 1:08:27
  was voted into effect was a multi billion dollar industry.
• 1:08:32
  So you have this existing multi billion dollar industry and in
• 1:08:36
  2016 the people of the state of California voted to pass adult
• 1:08:41
  use recreational cannabis. It became like really legal.
• 1:08:44
  It wasn't this quote UN quote Gray market that had it.
• 1:08:47
  It had been for the prior 20 years.
• 1:08:50
  And what ended up happening is, is that when the the the new
• 1:08:54
  regs or the new rule passed then the regulators in the state of
• 1:08:57
  California had to come in and bring in Rule sets regulations
• 1:09:01
  for an existing multi billion dollar industry.
• 1:09:04
  And they do what regulators do best.
• 1:09:06
  The sailor would say a bunch of well-intentioned politicians
• 1:09:09
  with too many rules and too many fees, and so they came at the
• 1:09:12
  industry with like, way overbearing burdensome extensive
• 1:09:17
  red tape. It was just crazy regulations.
• 1:09:20
  And what it ended up happening is, is that the business owners
• 1:09:24
  or the cannabis industry at large essentially said no, we're
• 1:09:28
  not participating in any of that.
• 1:09:29
  Like, you get fucked. We're not going to quote UN
• 1:09:32
  quote, as the state said, come into compliance and participate
• 1:09:35
  in your rules and your regulatory overreach because
• 1:09:38
  it's craziness when you're talking about farms that are
• 1:09:42
  visible from satellite. You can go on Google Maps and
• 1:09:44
  you can see these farms, they're they're giant greenhouses like
• 1:09:47
  the one that I'm in here. You can see it on Google Maps.
• 1:09:50
  And so as opposed to the state of California sending people all
• 1:09:54
  around to the state to go punish these individuals who basically
• 1:09:58
  said your rules are crazy and we're not going to participate,
• 1:10:00
  they went back to the drawing board and they came back with
• 1:10:03
  much more favorable rules. A good example of those
• 1:10:06
  statistics in the state of California, the governor, Jerry
• 1:10:10
  Brown at this the time wrote into effect MRSA Medical
• 1:10:14
  Marijuana Safety Regulations Act, which put into effect the
• 1:10:17
  basic infrastructure and regulatory framework
• 1:10:20
  preemptively for the passing of Prop 64.
• 1:10:24
  And that put in put pressure or it made this, the counties come
• 1:10:29
  up with their own land use ordinance.
• 1:10:30
  You could either approve or deny cannabis activity of any sort in
• 1:10:34
  your county, but if you're going to approve it, you have to
• 1:10:38
  permit it. It's kind of like if you're
• 1:10:40
  going to put in a bar somewhere, you have to get a liquor
• 1:10:43
  license. So the county or the
• 1:10:44
  municipality which you operate in has to approve the setbacks.
• 1:10:48
  This can't be too close to a, you know, a school.
• 1:10:51
  Or. A bus stop or whatever.
• 1:10:55
  And so Humboldt County put in their land use ordinance because
• 1:10:58
  Humboldt County has been the Mecca of cannabis production
• 1:11:01
  within the country indefinitely. State of California since I
• 1:11:04
  don't know for quite some time, their rule set said essentially
• 1:11:08
  you have a deadline. This is the end of 2015.
• 1:11:11
  It was six months from MRSA being signed into effect, six
• 1:11:15
  months to register your farm. At the time, the planning
• 1:11:20
  department in Humboldt County counted 12,600 and some odd
• 1:11:24
  farms that they determined to be of commercial scale that you
• 1:11:28
  could see via satellite. Out of those 12,600 and some odd
• 1:11:33
  farms, 123 people registered their farms.
• 1:11:38
  The entire cannabis production community basically gave the
• 1:11:42
  middle finger to the state and the regulators and said what
• 1:11:45
  you're asking for is absolutely preposterous, It's too much,
• 1:11:49
  it's not going to happen. And instead of the county
• 1:11:51
  sending people around to go punish these individuals, they
• 1:11:53
  went back to the drawing board. They extended the deadline an
• 1:11:56
  entire year and came back with way more favorable rules.
• 1:12:00
  And so the way that I look at what's happening with the United
• 1:12:03
  States government or any of the governments around the world,
• 1:12:05
  and the attempted ban on self custody or the idea that they
• 1:12:09
  want to KYC who the miners sell the coins to is preposterous.
• 1:12:14
  You can't see the Bitcoin. You don't even know if someone
• 1:12:17
  has it. Like I send my coins off of
• 1:12:19
  coin, I buy AK, I bought a bunch of it KYC, but did I send it to
• 1:12:24
  the right address? Like I know individuals who
• 1:12:26
  literally have lost coins. You can't even prove that they
• 1:12:30
  have the keys. And so if the regulators in the
• 1:12:33
  state of California couldn't force regulations down the
• 1:12:36
  throat of brick and mortar businesses, large cannabis
• 1:12:40
  facilities that you can see from space, how are they going to
• 1:12:44
  force rules down the Bitcoin community?
• 1:12:46
  They're going to bend the knee so hard, they're going to get
• 1:12:48
  hospitalized if they're not careful, and they're going to
• 1:12:51
  come back with much more favorable rules.
• 1:12:53
  And just like all the Bitcoin maximalists know, at some point,
• 1:12:56
  you know, like in the famous words of breedlove, Bitcoin is
• 1:12:59
  going to make governments become beholden to the preferences of
• 1:13:03
  its citizens. We have the power, you know, And
• 1:13:05
  another thing Sailor said in What's the IT was a podcast with
• 1:13:13
  him, Kayson Valles and American Holdel and Breedlove.
• 1:13:18
  He says that the regulators or the governments or the the
• 1:13:22
  ruling class, they have contempt for people who are weak, but
• 1:13:25
  they respect people who are powerful.
• 1:13:27
  And now we're powerful. We have F you money, we have
• 1:13:30
  unconfiscatable, inviolable property, and they're going to
• 1:13:34
  come correct, as they say, on the streets.
• 1:13:36
  They are going to come with much more favorable terms.
• 1:13:38
  They're going to try a bunch of preposterous crazy shit like
• 1:13:41
  they did with cannabis. They're going to ask for it all,
• 1:13:43
  and they're going to get none of it until they come with things
• 1:13:46
  that the people agree to. And so we have leverage Now.
• 1:13:49
  For the first time in human history, we have all the
• 1:13:52
  leverage and it's good Bitcoin. Here's another thing.
• 1:13:54
  Bitcoin is no threat as far as I can tell to anybody.
• 1:13:57
  I used to think that, oh Dang, this is a threat to the central
• 1:14:00
  banks. No, it's a solution for
• 1:14:02
  everybody. You know, they hard forked
• 1:14:04
  reality when they started lying and debasing the certificates
• 1:14:08
  that they had representing the gold on on reserve.
• 1:14:12
  And that created this feedback loop and it's like distorting,
• 1:14:15
  bifurcating. It's destroying our culture, our
• 1:14:17
  society, wrecking time preference.
• 1:14:20
  And this Bitcoin, it pays you to do the opposite of that.
• 1:14:24
  And yeah, as far as I, I, I can tell, I look at the world, it's
• 1:14:28
  a fundamentally new world. 2009 Satoshi changed our reality.
• 1:14:32
  We live in a fundamentally different world.
• 1:14:33
  It's different paradigm. The incentives are different.
• 1:14:35
  The incentive is to peace. And like it's not hard now to do
• 1:14:39
  the right thing. You get paid to do it.
• 1:14:41
  And so corporations, nation state plebs, Ballers, central
• 1:14:45
  banking, bloodlines, all of everybody's coming in for
• 1:14:48
  Bitcoin because it's the way to get the most.
• 1:14:50
  We live in a world where it's energy in, energy out.
• 1:14:53
  You want to exert the at least energy to get the most in
• 1:14:56
  return. That's been the way the world
• 1:14:58
  has worked since the beginning of time.
• 1:15:00
  And now the way that you do that is to hoard this metaphysical,
• 1:15:03
  invisible, finite property. As Saylor says, it's the hardest
• 1:15:06
  substance in the known universe and it fundamentally changes
• 1:15:09
  everything. And it's the most inspiring
• 1:15:13
  thing ever I could do in my used to be a little bummed on the
• 1:15:16
  world. I think everybody can can attest
• 1:15:18
  to that now. I fundamentally think, and I
• 1:15:20
  truly believe this to the core of my being, this is the most
• 1:15:24
  exciting time to live in all of human history.
• 1:15:27
  This is a big deal, and I'm absolutely enthralled and I'm
• 1:15:29
  just really grateful to be a part of it all.
• 1:15:32
  So yeah. Hold on, hold on, everyone's
• 1:15:35
  requesting the sound boards. Yeah man, I really like the hard
• 1:15:42
  forking reality meme. Like, that's a great meme.
• 1:15:44
  And someone in the chest, like, wow, I never thought of that.
• 1:15:46
  Fucking hijacked the shit. It's incredible.
• 1:15:49
  Yeah, dude. OK, hold on.
• 1:15:50
  I have so. Yeah, I know.
• 1:15:52
  I can see Nico's actually enthralled.
• 1:15:54
  He's like so. Many.
• 1:15:54
  I have so many questions there. OK.
• 1:15:56
  First of all man, that was effing inspirational.
• 1:15:59
  I don't say that lightly. That was, that was some that was
• 1:16:02
  some good stuff. And I just gotta say man, look
• 1:16:05
  yes, not only did they hard fork reality the the nihilism that
• 1:16:09
  you're describing, right, I I think a lot of the world is
• 1:16:13
  feeling that right now this this lack of opportunity, lack of
• 1:16:17
  hope and I think that they continue to seek a political
• 1:16:21
  solution to it. But the reality is it's just a
• 1:16:24
  the the solution's right, it's right, it's right in their face,
• 1:16:27
  right. It's just to opt out, switch
• 1:16:29
  your money, switch your, you know, your unit of account, and
• 1:16:33
  then all of a sudden you have hope.
• 1:16:34
  All of a sudden you're like, wow, it's like not only will I
• 1:16:38
  be able to afford my hopes and dreams, my family's family's
• 1:16:42
  family will be able to afford their hopes and dreams.
• 1:16:46
  And really what's happening right now is the world is
• 1:16:49
  getting unfucked from this SIOP that for some effing God damn
• 1:16:54
  reason money has to lose purchasing power in order for it
• 1:16:58
  to exist. And all of a sudden comes the
• 1:17:01
  freight train of Bitcoin. And it's basically saying like,
• 1:17:04
  yo like not only does it not have to lose purchasing power,
• 1:17:07
  it actually could dramatically increase in purchasing power
• 1:17:10
  over time. Meaning all you got to do is
• 1:17:12
  save buddy, work on what you love, put some of the money to
• 1:17:16
  the side, save, and all of a sudden you're going to have a
• 1:17:19
  future. You're going to have hope for a
• 1:17:20
  future. Doesn't matter where you are in
• 1:17:22
  this pyramid, right? You're the lower, you know, the
• 1:17:25
  the lower class is poverty, whatever.
• 1:17:26
  You know, if you put a little bit to save in Bitcoin, talk to
• 1:17:30
  me in 4-8 years, 10 years, 12 years, I bet you you're going to
• 1:17:34
  be way better off, you know, than where where you started.
• 1:17:37
  So yeah, I think the world is changing that operating system,
• 1:17:41
  They're going from this nihilistic, fucking hard forked,
• 1:17:45
  hijacked, whatever you want to call it, to Bitcoin, and all of
• 1:17:49
  a sudden Bitcoin's giving them their time back.
• 1:17:51
  It's giving them hope back. It's giving their opportunity
• 1:17:53
  back, man. So you hit the nail on the head
• 1:17:56
  and yeah man, especially with kind of like the industry that
• 1:18:00
  you're working in kind of coming up And you know, if you if you
• 1:18:03
  learn the the the history of of of cannabis in the US and the
• 1:18:07
  legality of it, you know, it's a very, very interesting rabbit
• 1:18:10
  hole to say the least. But that example that you
• 1:18:13
  brought up. But basically, let look, the
• 1:18:15
  government tried to step in, basically get everyone to
• 1:18:19
  register and KYC their farms and you know, the vast majority of
• 1:18:24
  the farmers said like, Nah dog, I'm OK, I'm good.
• 1:18:27
  And like I don't want to deal with that.
• 1:18:29
  Now could you imagine like on a nation, nation level instead of,
• 1:18:35
  you know what the thing you said 1200 farms.
• 1:18:37
  It's millions of individuals basically saying wait a second,
• 1:18:41
  you want me to like send you my pub files and my balances and my
• 1:18:46
  addresses? Why do I have to do that?
• 1:18:50
  Right. And then that's gonna be a a a
• 1:18:54
  really kind of like, not only for the politicians is that
• 1:18:58
  gonna be a very tough pill to swallow, but also for people,
• 1:19:01
  they're gonna feel empowered the likes of which they've never
• 1:19:04
  felt empowered before. Right.
• 1:19:07
  And this applies to everyone on the economic spectrum, right?
• 1:19:10
  Which is the beautiful thing about Bitcoin, right?
• 1:19:12
  You might not have as much Bitcoin as Sailor.
• 1:19:15
  You might have .25, but you're going to benefit from number go
• 1:19:19
  up just as much as he is. And if you take self custody,
• 1:19:22
  because that's one of the things that Eric didn't say, right,
• 1:19:24
  you're going to benefit from all this, but only if you're taking
• 1:19:27
  Bitcoin in self custody, right? That's the that's the big
• 1:19:29
  caveat. If you're taking Bitcoin to self
• 1:19:31
  custody, you're going to benefit from all this tremendously.
• 1:19:34
  But that's the beauty of Bitcoin, right?
• 1:19:35
  Is that everyone benefits equally, right?
• 1:19:37
  Doesn't matter whether you're Larry Fink, Michael Saylor, you
• 1:19:40
  know, the pleb that has .1 or .25 Bitcoin built up, you're
• 1:19:44
  going to benefit from that number go up.
• 1:19:45
  So yeah, man, I appreciate you telling us, you know, your story
• 1:19:49
  and that example with the cannabis farmers.
• 1:19:51
  And I think the same thing's going to happen with self
• 1:19:53
  custody. I think the same thing's going
• 1:19:55
  to happen, man. Yeah, it was 123 out of 12,000
• 1:19:59
  farmers. 12,000 to farm. They want a farm.
• 1:20:03
  That's why they're doing it. And so they basically, they said
• 1:20:05
  you get your your rules are preposterous.
• 1:20:08
  You know, other thing I want to add, if I could, is this.
• 1:20:12
  I think Bitcoin is making things better for people who don't even
• 1:20:16
  own Bitcoin. The no coiners are benefiting
• 1:20:18
  from the fact that I don't own, that I don't own a home, that
• 1:20:22
  all my economic energy is stored in Bitcoin as opposed to a
• 1:20:25
  fourplex or multiple single family homes.
• 1:20:28
  The fact that BlackRock is stacking SAT's now instead of
• 1:20:31
  buying more single family homes is downward price pressure on
• 1:20:34
  housing and upward price pressure on Bitcoin.
• 1:20:37
  And the fact that Bitcoin is this invisible property, it
• 1:20:40
  means that as the economic energy or the the the money goes
• 1:20:44
  into it, it's price going up. The hoarding of it doesn't hurt
• 1:20:49
  anybody. It's like, I love what Booth
• 1:20:50
  says, where you have abundance and money, you create scarcity
• 1:20:53
  and goods and resources. Where you have scarcity and
• 1:20:56
  money, you create abundance in goods and resources.
• 1:20:58
  Yeah, I think I said that, right?
• 1:21:01
  And that's a big deal. And I also think that the the
• 1:21:04
  Fiat paradigm, because every time there's a liquidity crisis
• 1:21:08
  or an insolvency within the system, they have to bail out,
• 1:21:12
  they have to print more money. And the fact that the money is
• 1:21:15
  getting lent into existence as debt against assets means that
• 1:21:18
  everything in the marketplace has to go up.
• 1:21:20
  So when there's a a crisis, you have exponentially more
• 1:21:23
  liabilities within the system requiring exponentially more
• 1:21:26
  money printing. And as that money gets injected
• 1:21:29
  into the system, prices are going up on things.
• 1:21:32
  And like Saylor says, it's a vector.
• 1:21:34
  You can't measure the inflation because money moves into
• 1:21:37
  different sectors in the marketplace at different rates.
• 1:21:40
  And so I believe, and I've been thinking a lot about this over
• 1:21:43
  the last, I don't know, year and six months and three months has
• 1:21:46
  really become, I think it's become a thesis that I can't
• 1:21:49
  dispute. Bitcoin is supreme collateral.
• 1:21:53
  If I'm a financial institution, let's say I'm going to personify
• 1:21:55
  a bank or all the banks where they have to keep with with
• 1:21:59
  fractional reserve lending. Where you got to keep printing
• 1:22:02
  money into existence is debt against assets.
• 1:22:04
  I'd rather lend against Bitcoin because it's premier collateral.
• 1:22:09
  So if I'm lending it against houses and let's say some guy
• 1:22:11
  loses his job and he's in the middle of a remodel in his
• 1:22:14
  kitchen for example, he has to foreclose on that.
• 1:22:17
  The bank has to foreclose on that individual or that family.
• 1:22:20
  And then they have to sell this house into the marketplace only
• 1:22:24
  where there's people want to buy that house in that actual
• 1:22:26
  location. So I live in a small town.
• 1:22:28
  For example, let's say someone goes belly up and they can't pay
• 1:22:31
  their mortgage. The bank forecloses.
• 1:22:33
  Then they got to sell that 20 people. 50 people want to buy
• 1:22:36
  that house. But if you start lending Fiat
• 1:22:39
  dollars against Bitcoin, let's say you it's like AB lock a
• 1:22:42
  Bitcoin equity line of credit. Then if someone goes belly up or
• 1:22:46
  they can't pay the bills, then the banks can sell that Bitcoin
• 1:22:50
  24/7 365 to get their money back.
• 1:22:52
  And if the inflation, the debasement of the currency
• 1:22:55
  starts going into the Bitcoin price and Bitcoin starts going
• 1:22:59
  up forever, Laura, like it's going to, that doesn't hurt
• 1:23:02
  anybody. If they keep debasing the
• 1:23:04
  currency and housing goes up 5X in a three, five year period or
• 1:23:08
  something like that, people are going to be fucking homeless.
• 1:23:10
  But if they're debasing the currency and the money's going
• 1:23:12
  into Bitcoin, that doesn't hurt anybody.
• 1:23:14
  It actually helps everybody including the Noah corners.
• 1:23:17
  And then and another thing that I will add to that, that I think
• 1:23:21
  about a lot actually, and then maybe the most, I don't know,
• 1:23:25
  like liberating concepts for me is, is there's a lot of
• 1:23:28
  narrative within the Bitcoin community about a potential
• 1:23:31
  61020. The, you know, the honeypot
• 1:23:34
  black rocks got all these coins, the ET FS got all these coins.
• 1:23:37
  They're going to fucking confiscate all the coins and
• 1:23:39
  they're going to send everybody into a CBD and enslave a
• 1:23:42
  humanity and we're going to reduce the population and feed
• 1:23:44
  everybody bugs, right? Well, I get the thesis and I
• 1:23:47
  used to have that fear when Bitcoin hit the scene.
• 1:23:49
  I'm like, oh Dang, this is, this is a, this is a problem for like
• 1:23:53
  the people who have been benefiting from our broken
• 1:23:55
  paradigm. Well, so if I'm a central banker
• 1:23:57
  or central banking bloodline or just the government or some sort
• 1:24:00
  of financial institution, you're going to continue doing what has
• 1:24:03
  to happen, right? Like, you got to print money,
• 1:24:04
  You got to keep the dollar system going.
• 1:24:06
  You can't just turn the Fiat world off and start a Bitcoin
• 1:24:09
  standard. There has to be some sort of a
• 1:24:10
  transition. And also, let's not forget the
• 1:24:13
  incentive is to stack SAT's. We want to get the coins.
• 1:24:16
  They can print money. They can print money.
• 1:24:19
  I'll tell you right now, I'm a hardcore die hard fucking
• 1:24:22
  maximalist and the last thing that I would really be into is
• 1:24:25
  giving some of my Bitcoin to a bank.
• 1:24:29
  But I'll tell you what, like I'm tired.
• 1:24:30
  I'm 39 years old, I've been working my ass off.
• 1:24:33
  Like I would consider. I'd have a tough time not
• 1:24:35
  considering giving up a fraction of a coin to be able to borrow
• 1:24:39
  some Fiat dollars. So I could go up town, take a
• 1:24:41
  break, relax for a minute, and so if they can lend money and
• 1:24:45
  against Bitcoin, it's an incentive for people to give
• 1:24:47
  Bitcoin to the banks. It benefits the people.
• 1:24:50
  The banks now are going to get to get some Bitcoin.
• 1:24:53
  You could pay the bank back and get your coins back.
• 1:24:56
  You can now create like this feedback loop that the
• 1:24:59
  Contilionary effect has when you own like a real estate
• 1:25:02
  portfolio. But it's not hurting anybody if
• 1:25:05
  that happens. And so also I think that it's
• 1:25:07
  going to transition us into the Bitcoin standard.
• 1:25:10
  The governments are going to continue to go broke.
• 1:25:12
  The more that they debase, the more that their cost of
• 1:25:15
  operating goes up, the more that they have to debase.
• 1:25:18
  But as they adopt A Bitcoin standard, their balance sheet,
• 1:25:22
  their treasury reserve, starts to appreciate at such a fast
• 1:25:25
  rate. It's it's an upward price move
• 1:25:29
  in your balance sheet, faster on average than the deflationary
• 1:25:33
  forces you're experiencing in the market.
• 1:25:35
  Your loss of income is happening at a slower rate than your
• 1:25:39
  appreciation on your balance sheet.
• 1:25:41
  So it like fixes everything, including Fiat.
• 1:25:45
  It makes Fiat better. And so it's going to slowly
• 1:25:47
  bring solvency back into an insolvent world.
• 1:25:50
  It's going to slowly bring, I mean actually I can say I think
• 1:25:52
  it's happening at hyper rate. It's going to bring honesty back
• 1:25:55
  into a dishonest world. It's going to bring culture into
• 1:25:57
  a societally debased world like it.
• 1:26:01
  As far as I can tell, the more and more I think about this,
• 1:26:03
  it's all roads lead to Bitcoin. It's it's epically exciting.
• 1:26:07
  I can barely believe it. Sometimes I'm like, Dang, can
• 1:26:10
  someone pinch me? Like I feel like I might wake up
• 1:26:12
  tomorrow back in my old nightmare of a life like this.
• 1:26:15
  This is borderline too good to be true.
• 1:26:18
  So yeah, that's that's a lot there.
• 1:26:20
  I'll. I'll type.
• 1:26:23
  They want horns in the chat, some multiple.
• 1:26:25
  Horns. Damn bro killed it.
• 1:26:29
  Ari killed it. Drop my, drop my that was.
• 1:26:32
  Great. That was great, man.
• 1:26:34
  I don't think we, I think we could wrap the show up on that.
• 1:26:36
  That's just. Piercing.
• 1:26:37
  They're gonna wrap it up or no, I'm gonna pull it up.
• 1:26:40
  T Eric, if you had some last words, there we go for our
• 1:26:43
  audience. What would they be?
• 1:26:47
  Relax, fucking calm down, everybody.
• 1:26:50
  Let's let's take a play out of Jeff Booth's playbook.
• 1:26:54
  If you yell and if you focus, energy goes where energy flows,
• 1:26:59
  where attention goes. So if you're focused at the on
• 1:27:02
  the clown world and you're yelling at the clown world and
• 1:27:05
  you're tweeting about how fucked it is and we all know it's
• 1:27:07
  fucked. Like I don't live in some
• 1:27:09
  delusional state where I'm unaware of the atrocities that
• 1:27:12
  are taking place on planet Earth, but I don't want to
• 1:27:14
  continue to fuel it. I'm not putting attention into
• 1:27:16
  that. So I I would say that I'm
• 1:27:19
  enthralled like I'm not. I'm super grateful.
• 1:27:21
  I'm bursting at the seams with gratitude and joy and bliss As a
• 1:27:25
  result of this discovery. Satoshi changed everything and
• 1:27:29
  so I like the focus of the new world, the new system.
• 1:27:32
  It's a new protocol. Jeff Booth, he's transitioned
• 1:27:35
  his entire life, all of his energy, into the new world.
• 1:27:39
  And if you look at a guy like Jeff Booth, this guy is pure
• 1:27:42
  bliss. Dude.
• 1:27:44
  He's not strengthening the old system, he's putting all his
• 1:27:47
  energy into the new system. And so there's a divide and
• 1:27:50
  conquer strategy by the sociopaths participating in
• 1:27:53
  their perpetual scumbaggery. They want us all fucked up
• 1:27:56
  against and and like at each other's throats.
• 1:27:59
  Men versus women, this versus that.
• 1:28:01
  Up, down, left, right, blue, red.
• 1:28:03
  It's craziness. We don't need to worry about
• 1:28:06
  that anymore. There is a new incentive
• 1:28:08
  structure that's changing the fabric of our reality and it's
• 1:28:12
  fixing. So let's focus on that.
• 1:28:13
  Let's move into that. So if you have a problem with
• 1:28:15
  clown world, I would suggest you stack some Sats.
• 1:28:17
  If you're bummed about the fact that your grandparents got to
• 1:28:20
  buy a house for three or four years or 2 1/2 years worth of
• 1:28:24
  their annual salary, you know you make 30 grand a year.
• 1:28:27
  The house is 90 GS. Well, now you make 50GS a year
• 1:28:30
  in the house that you want 500 grand.
• 1:28:32
  We'll start thinking about Bitcoin.
• 1:28:33
  Focus on Bitcoin. Measure the things that you want
• 1:28:35
  in Bitcoin. Your house is going.
• 1:28:38
  The house that you want in the future is going down if you
• 1:28:40
  denominate its value in Bitcoin. Everything is getting less
• 1:28:43
  expensive if you denominate its value in Bitcoin.
• 1:28:47
  Houses aren't going up in value, they're going down in value,
• 1:28:49
  like cars. Like why is it a 50 year old
• 1:28:52
  house that's like shitty and needs new floors, that's got
• 1:28:54
  asbestos ceilings and the roof is leaking cost 10X what it did
• 1:28:58
  50 years ago? Because we're measuring the
• 1:29:00
  value of the house and A and A and a moving unit.
• 1:29:03
  You can't solve for that. Bitcoin solves for that.
• 1:29:05
  It's a fixed unit in a in a world that is full of nothing
• 1:29:09
  but variables. Everything is in flux except for
• 1:29:13
  Bitcoin. Measure what you want in
• 1:29:15
  Bitcoin. Focus on Bitcoin.
• 1:29:16
  Pay attention to Bitcoin. Put on your orange glasses.
• 1:29:19
  It's a bright motherfucking orange future.
• 1:29:21
  We have so much to be excited for.
• 1:29:22
  Let's stop strengthening the old world.
• 1:29:24
  Let's be excited about the new It's here.
• 1:29:27
  It's not even like, yo, oh, it's going to make things better.
• 1:29:29
  It's making it better. It is better.
• 1:29:31
  It's happening in front of our faces and it's something to be
• 1:29:35
  super grateful for. Yeah, it's it's done.
• 1:29:40
  We won. It's here.
• 1:29:41
  It's not going away. Bars.
• 1:29:45
  Absolute bars. It's ultimate field for a
• 1:29:48
  reason. And Eric just killed the red.
• 1:29:51
  He bro, your nihilist feels compared to what air is stopping
• 1:29:54
  though. Jeez, Eric's got to come back on
• 1:29:57
  the shelf. Man, I really, really enjoyed
• 1:29:59
  it. Dropping the fire, dropping the
• 1:30:01
  life experience and kind of tying back in.
• 1:30:04
  And yes, if we are heading into, we are in a bright orange
• 1:30:07
  future. We are in the Bitcoin future,
• 1:30:09
  but only if you're denominating your wealth in Bitcoin, only if
• 1:30:13
  you're on a Bitcoin standard, and most importantly only if
• 1:30:16
  you're taking self custody of that sweet, sweet Bitcoin that
• 1:30:19
  you have earned through your proof of work.
• 1:30:21
  You know that's how you start to benefit from this thing and you
• 1:30:24
  feel it. You feel that optimism, that
• 1:30:26
  optimism of living on a Bitcoin standard?
• 1:30:29
  Anyways guys, that was Monday, March 11th episode.
• 1:30:33
  Wait, Niko, Let Bitcoin live? Let Eric plug?
• 1:30:35
  Where can people find you all that good stuff?
• 1:30:38
  Yeah. So if you resonate with anything
• 1:30:41
  that I have had to say or my sheer optimism, which is
• 1:30:45
  genuine, this isn't a lie, like this is real as fuck.
• 1:30:49
  I make rants on Twitter. I start the camera.
• 1:30:51
  I go for 5 to 25 minutes just shredding on what I believe to
• 1:30:55
  be taking place in the world. My Twitter's Eric V stacks.
• 1:30:59
  I don't know, I probably got like 50 to 70 videos there.
• 1:31:03
  And yeah, I'm going to El Salvador for the having party.
• 1:31:06
  Shout out to the having party guys.
• 1:31:08
  They've. I can't even believe what they
• 1:31:09
  have put together. I'll be in Bitcoin or in
• 1:31:13
  Tennessee. Nashville looks like I might be
• 1:31:17
  in Prague and Oslo Freedom Forum.
• 1:31:20
  I'm going to do some travelling. I mean, I'm all in on Bitcoin.
• 1:31:24
  I want to focus on the Bitcoin world.
• 1:31:25
  I want to participate in the peaceful Bitcoin revolution.
• 1:31:29
  And so follow me on Twitter. Eric V Stacks.
• 1:31:33
  Amen. Amen.
• 1:31:34
  Let's go. You guys want some more of
• 1:31:36
  Eric's epic, epic rants? Go check him out on Twitter.
• 1:31:39
  Eric V stacks. And he'll and he'll be at a lot
• 1:31:41
  of Bitcoin conferences that simply will be at too as well.
• 1:31:44
  So I'm sure we'll cross paths again.
• 1:31:47
  Anyways, guys, if you enjoyed the episode, you know what to
• 1:31:48
  do. Smash that like but and consider
• 1:31:49
  subscribing if you feel like we provided you value, but then one
• 1:31:53
  thing you could do to help push the peaceful Bitcoin revolution
• 1:31:55
  is share Bitcoin content. That includes simply Bitcoin.
• 1:31:58
  That includes Eric's content. That's how we have to take over
• 1:32:01
  the culture. The way that we do it is, is
• 1:32:03
  sharing Bitcoin art, Sharing Bitcoin music, Sharing Bitcoin.
• 1:32:06
  Just just share the message. Spread the peace and love man,
• 1:32:10
  we've already won. Calm down, calm down.
• 1:32:13
  Like Eric was just saying. Anyways guys, we'll be back
• 1:32:15
  tomorrow for a brand new episode of Simply Bitcoin Live.
• 1:32:20
  Until then, love you all. Peace out, everybody.
• 1:32:25
  Episode was brought to you by bitcoinwell.com, a Bitcoin only
• 1:32:29
  platform on a mission to enable financial independence.