Latest / Simply Bitcoin / Why Bitcoin Reaching $850k is Inevitable (Explained) | EP 1117

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Why Bitcoin Reaching $850k is Inevitable (Explained) | EP 1117 · Simply Bitcoin

0:00
Yeah, welcome to another episode of Simply Bitcoin, live
0:03
streaming from the beautiful, beautiful freedom country of El
0:08
Salvador. Today we're going to make the
0:09
case as to why $850,000 Bitcoin is inevitable, Why Bitcoin
0:18
yesterday finally overtook the market cap of silver.
0:23
Silver had a 4000 year head start and within only 16 years
0:29
Bitcoin overtook silver. Why?
0:31
Because Bitcoin is the superior asset and it shows no signs of
0:37
slowing down whatsoever. I think if this thing reaches
0:42
100K by the end of the year, I think we're going to we're going
0:45
to blast by 200K next year. I think a lot of people still
0:50
have PTSD from the 2021 bull market that I think was cut
0:54
short due to the China mining ban.
0:57
I don't think there's going to be a mining ban this year.
0:59
In fact, you have, you know, Trump who's super pro Bitcoin
1:02
mining. You have the governor of Texas
1:04
saying he wants to make Texas the Bitcoin mining capital of
1:08
the world. Could this be potentially the
1:10
start of the Bitcoin super cycle?
1:13
We don't know, but everyone's excited or on the verge of the
1:17
bull market year of 2025. Things are getting excited.
1:22
Guys are going to want to stay till the end of the show.
1:23
We have so much news to unpack today.
1:27
I'm here with my legendary Co host Optimist field in the Co
1:31
host seat streaming again live from El Salvador.
1:34
The beautiful volcano in the backgrounds.
1:37
Guys, you have no idea how difficult it was to get this
1:41
rolling from a technical perspective just because and
1:44
we're backlit from the sun, we're competing against the sun
1:46
with the lights. But Opti, I mean, yesterday's
1:48
show was so much fun, breaking all time highs in the show.
1:53
We reached 89 K. We almost touched 90K yesterday.
1:56
It was absolutely freaking crazy.
1:59
How you doing my friend? Well, I am doing wonderful.
2:01
I have yet to eat a pupusa, so you know, that's the only thing
2:05
on my bucket list so far. But man, yesterday.
2:07
That is unacceptable bro. Yesterday we were all like in
2:11
disbelief. We, we even us have been around
2:13
a Bitcoin for so long. We're in disbelief just seeing
2:16
the price of Bitcoin consistently rise like the show.
2:19
I think that by the time the show ended, it was like 84 K or
2:22
something like an hour later it's like 85 and all day we were
2:25
just sitting here like it's 86 like are you kidding?
2:27
Wait 87 what 8889 like what is going on here?
2:32
We are still in disbelief and I, I think we're still a little
2:35
dead inside until 100K. But hey, you know, the the price
2:38
is going to start running. Actually, we got some funny
2:41
tweets or comments from one of our boys over here.
2:44
It's like, yeah, my friend was like, hey, I'm not buying 90K
2:46
Bitcoin. I'm going to wait for a dip.
2:48
And we're like, this is the dip. It's at 5:00 today.
2:50
This is probably the best dip you're going to get.
2:52
So it's happening, guys. It feels good.
2:55
You know, Ron Paul, me, it's happening.
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It's going to be an incredible end of the I think 100K is in
3:00
play by 2024. Who knows?
3:02
I don't know, man. What?
3:03
What do I know? I, I, I think so I, I'm, I'm,
3:05
I'm making the call, you know, and, and this kind of caught
3:08
everyone off by like off guard, right?
3:10
The fact that we ran up the way we did at the speed of which we
3:15
did, I think it caught a lot of people off guard.
3:17
So I, I really believe that by the end of of the end of this
3:23
year, I think we're going to have a great performance buy
3:26
Bitcoin. But anyways, let's get straight
3:28
into the news ladies and gentlemen.
3:30
So First off with this Bitcoin yesterday in its historic run up
3:36
guys, we almost had a 10K God candle.
3:39
Do you understand how nuts that is?
3:41
Look, it was only like 5 years ago or like 7:00 to 6:00 6-7
3:45
years ago where the all time high of Bitcoin was 10K itself
3:50
and it took like a decade to get there.
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The fact that we had that type of price movement and one day is
3:57
historical. So we were 1K away from the
4:00
coveted God candle. We were at $9000.
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And I actually made a prediction about a week ago, a week ago or
4:08
so. And I said that, listen, I think
4:10
that this is inevitable that we are going to have some type of
4:14
God candle in this bull run. We've had a what?
4:18
What's it? What's the opposite of a God
4:20
candle? I have no clue.
4:23
I don't think we have a name A. Hell Candle a a, a demon candle.
4:28
So we've had a, we've had a demon candle already this year
4:31
when we had that crazy dump, but we haven't had a God candle yet
4:35
and we are 1K away from that God candle anyways.
4:38
Historic, historic times. So yesterday, as you can see,
4:42
ladies and gentlemen, Bitcoin overtook the market cap of
4:47
silver. Silver had a 4000 year head
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start. Now here's the very, very
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exciting part. I actually got the math wrong in
4:57
this tweet. It's actually even more bullish
4:59
than this once Bitcoin reaches the next precious metal, which I
5:06
think is inevitable because Bitcoin is a superior asset.
5:10
Gold has inflation, believe it or not, Gold also doesn't have
5:14
absolute scarcity. Gold is also limited by its
5:18
physical characteristics, meaning it's actually pretty
5:21
difficult to to transport. It's pretty difficult to store,
5:25
especially in large quantities. This is something that Bitcoin
5:29
fixes. You can write down a 12 to 24
5:32
word seed phrase you can memorize in your head.
5:35
You can stamp it into titanium and you could take that anywhere
5:40
around the world. You can send that Bitcoin
5:42
anywhere around the world for pennies on the dollar.
5:45
I'm talking about like I've seen billion dollar Bitcoin
5:48
transactions and they pay like a dollar fee.
5:52
Try doing the same with gold. You're going to have to pay for
5:54
security, the transportation costs like it's going to be
5:59
expensive. And that allows the
6:01
centralization of the custody of gold, which inevitably leads to
6:05
these paper gains, right? Which a lot of people
6:08
hypothesize is the reason as to why, you know, the price of gold
6:13
has been suppressed. You can make a case for that.
6:15
That isn't the case with Bitcoin because it's so easy to take
6:19
self custody of it. It's so easy to send it.
6:22
That's the reason that as to why I believe Bitcoin has overtaken
6:27
the market cap of silver and why it's inevitable that it
6:30
overtakes the market cap of gold.
6:33
Now, I redid the math. Once Bitcoin overtakes the
6:37
market cap of gold, which is roughly about a 10X from here.
6:41
Bitcoin's current market cap is roughly at 1.7 trillion.
6:45
It the market cap of gold is roughly 17 trillion last time I
6:48
checked. That's roughly a 10X.
6:51
That would put the price of Bitcoin at roughly $860,000 per
6:57
coin. That's I.
6:58
I think it's inevitable. I think you don't stop this
7:01
train. Silver had a 4000 year head
7:03
start. Bitcoin did it in 16 years.
7:06
I'm not the only one that did this.
7:08
You guys are a big fan of British Huddle.
7:10
Makes great content on YouTube. Also great content on X's on X
7:15
as well and also a friend of the show.
7:17
Hopefully we bring them back on soon.
7:19
He says goodbye silver, Bitcoin is worth more.
7:22
Next is gold. Then here's the key ladies and
7:25
gentlemen. This is where things get super
7:28
effing exciting. Next is gold, then all eyes on
7:32
the real prize, real estate. Now why does he say that?
7:37
He says that because real estate has been being used, has been
7:41
used as a store of value, why people are trying to escape the
7:47
ravages of inflation, especially if you are a high net worth
7:51
individual. Let's say your net worth, you
7:54
know, is in the couple millions of dollars.
7:56
If you leave that money in the bank, it's like a melting ice
7:59
cube cube. It's constantly losing
8:02
purchasing power. So here is where real estate
8:06
comes in and real estate, it's not that real estate is, you
8:10
know it. It's not that real estate
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doubled when they printed all that money.
8:15
All that happened was that it kept up with the money printing,
8:21
right? So people perceive real estate
8:24
as this store of value. And you know how fucked up that
8:28
is, especially if you're a Gen. ZR or you're a millennial and
8:32
you're in the market for a new home.
8:34
Homes have a monetary premium because people are using homes
8:40
as a store of value rather than its basic utility, which is just
8:46
being a home to live in. You shouldn't have to be forced
8:51
to invest just to maintain your purchasing power.
8:54
And the fact that we've been psyopped as a society to think
8:59
that a home, which is really should be a depreciating asset
9:03
because there's maintenance, there's property tax, people are
9:06
looking that as a store of value is a testament to how fucked up
9:11
our financial system is. But the good news news is that,
9:15
like a lot of things, Bitcoin fixes this Anyways, I found this
9:20
article that I think is very applicable to today's episode
9:23
and it goes on to explain how real estate became so valuable.
9:27
Historically, money, particularly in forms forms tied
9:31
to gold or other stable assets, served as the primary store of
9:35
value, maintaining purchasing power.
9:38
Over time, however, when the global financial system
9:41
underwent a profound change and you guys know 1971, what the F
9:47
happened in 1971, this shift to Fiat currencies, which are not
9:52
backed by stablecoins allowed for an unprecedented expansion
9:55
of the monetary base. The Nixon shock, the pitiful
9:59
moment, You guys all know that video when Nixon gets on, you
10:02
know, the TV and he says we're going to temporarily,
10:06
temporarily suspend the convertibility of dollars to
10:10
gold, which it was never temporary, you know, and he took
10:13
us off the gold standard. It goes on to say by then the US
10:20
held about 3/4 of the world's gold reserves, making a pure
10:24
gold standard untenable. The agreement pegged all allied
10:28
nations currencies to the US dollar which was convertible,
10:31
which was convertible to gold at a fixed rate of 135th of an
10:35
ounce per dollar, thereby positioning the US dollar as the
10:39
global reserve currency, moving the way move away from a pure
10:43
gold standard. However, as the dollar was
10:45
backed by gold, it enhanced the USS ability to spend AKA
10:50
printing money. This is unfortunate for
10:52
politicians. This is why the US government
10:54
wanted to get off a Bitcoin standard because they wanted to
10:57
print. They wanted to print.
10:59
They wanted to spend money it didn't have.
11:02
Anyways, this is where's the where's the gold of Fort Knox
11:05
bro? We haven't seen it since the
11:07
70s. The last time we saw it was a
11:09
video of 1 Volt. Is that gold and Fort Knox
11:12
really there? Because all they're saying is
11:14
just trust me bro. Anyways, Fort Knox that that
11:18
gold isn't there. This and the video was like
11:20
black and. White, it was like black and
11:21
white, They visited one. They weren't even allowed to
11:23
touch the gold bars. Like, who's to say those gold
11:26
bars weren't fake, like, And then that's in complete contrast
11:29
to what Naimbukele is doing with El Salvador's Bitcoin reserves,
11:33
which you can audit because it's on a public Ledger.
11:36
It's on the Bitcoin blockchain, which makes it very difficult
11:39
for politicians to skim skim a little bit off the top anyways.
11:44
The situation was exacerbated by expensive expenditures on
11:48
foreign military operations, AKA endless wars, notably in
11:53
Vietnam, leading to a a depletion of the US gold
11:56
reserves by 1970 and participating a liquidity
12:02
crisis. In response, President Nixon
12:04
announced that the United States would abandoned the gold
12:07
standard, a decision that had global repercussions due to the
12:11
dollar's position as the world's reserve currency.
12:14
The Fiat Based Monetary System The significant shift towards a
12:18
Fiat based monetary system characterized by floating
12:21
exchange rates and the absence of a fixed currency standard has
12:25
transformed the global financial landscape and created the role
12:29
of real estate as a key tool for preserving wealth in the face of
12:35
soaring monetary inflation. So you, you guys heard that
12:39
right. It was because the US went off
12:42
the gold standard, the inflation that essentially forced people
12:47
to look for assets just to maintain their purchasing power.
12:52
One of those assets being real estate.
12:55
But there are unintended consequences of that.
12:58
What are the unintended consequent?
13:00
What are the unintended consequences?
13:02
You have institutions like BlackRock.
13:05
You have foreign individuals that are coming into big cities
13:09
and they're just buying these properties just to like just to
13:14
store their wealth. They're not even using them.
13:16
They're not even using them for their utility.
13:19
They're using them as an investment.
13:21
That is absurd, especially if you've taken the orange pill.
13:26
You've woken up to Bitcoin and you're like, wait a second,
13:29
like, like, you know, this house is like, I need a house because
13:35
I need a place to live. But this is utility.
13:38
If you compare and contrast real estate to Bitcoin, real estate
13:43
is a shit coin. Why is it a shit coin?
13:46
It's a depreciating asset. You have to pay maintenance on
13:49
it, but most importantly, it's taxed every year you have to pay
13:56
property tax for Bitcoin. Now, if you compare that with
14:02
oh, sorry for real estate, if you compare that with Bitcoin,
14:07
you just buy Bitcoin, earn Bitcoin, mine Bitcoin, put that
14:11
Bitcoin into self custody and it just stays there, my friend just
14:15
stays there. It thrives, it's great, it's
14:18
wonderful. You don't have to do anything.
14:20
So it's the superior asset. Now this is where the math gets
14:24
really exciting. This is a little bit dated
14:26
because when Jesse Myers created this, it was a couple years ago,
14:31
but it basically shows the world's total addressable like
14:37
asset, the global asset value, it's about roughly 900 trillion.
14:41
Now, some of these numbers have changed, particularly Bitcoin.
14:44
Obviously right now it's at 1.7 trillion.
14:47
Gold is at 17 trillion. Real estate is a little bit
14:50
bigger, but for the sake of this example, let's just use this
14:54
real estate number and let's take a conservative approach.
14:58
And let's say Bitcoin is able to capture about 50% of 330
15:06
trillion. That would put the price of
15:08
Bitcoin at roughly $8 million per coin.
15:14
Now, this isn't taking into account gold, this isn't taking
15:19
into account a percentage of bonds.
15:21
This isn't taking into account a percentage of money in general,
15:26
art, collectibles, equities. It's not taking any into any of
15:30
that into account. It's just taking into account
15:33
real estate. So This is why, you know,
15:36
Michael Saylor's Bitcoin 2024 prediction doesn't sound too
15:42
outlandish if you look at it from that lens.
15:45
And just to give you guys a little bit of refresher, he made
15:49
three cases, his famous bear case, his famous base case, and
15:53
his famous bull case. And his bull case is $13 million
15:59
of today's money per coin, which would give it a market cap of
16:03
280 trillion. The bull case would give it a
16:08
market a cap of 1030 trillion and the bear case, which I think
16:12
is is way too bearish, would give a market cap of 68
16:17
trillion. And guys, this is happening.
16:21
This is happening in real time. And yesterday was a historic
16:25
milestone in bitcoins history because it took one of the
16:29
second most popular precious metal, which is of course
16:33
silver, and it overtook it. It's it's not anymore.
16:37
It went down again. Actually, no, we're back at
16:39
87,835. So it overtook it again.
16:43
But but yeah, a pretty exciting stuff in in bitcoins history and
16:48
it's coming for gold. It's going to catch up gold.
16:50
It's inevitable in my opinion, because Bitcoin is the superior
16:55
asset. It is a black hole.
16:57
It's just going to bring everything in there anyways,
17:00
Opti, what are your thoughts on this?
17:02
Like I, I mean like, bro, it it it's yesterday was a crazy day
17:07
and we haven't even started. Yeah, I was tweeting this out
17:10
yesterday, everybody. I was like, we have 10 months of
17:13
this shit. We have 10 months of this party.
17:16
It's just getting started. And I'm telling you, if we, if
17:21
we hit 100K by the end of the year, which is a total
17:24
possibility, we're like 10K away essentially, give or take.
17:28
I think we're blowing past 200 K next year.
17:32
And I think it's because a lot of people have PTSD from 2021.
17:37
So I'm incredibly bullish. Opti.
17:41
How often am I bullish? Not that, not that often.
17:43
Literally never. He's the bear.
17:45
Here, right? Not that often.
17:46
And the fact that we had this crazy run up that way that we
17:49
did tells me that we're in a very, very good place.
17:52
Not to mention the incoming Trump presidency.
17:56
And of course, the talk around town.
17:59
David Bailey is saying that another nation state has adopted
18:03
a Bitcoin stand, you know, adopted a Bitcoin accumulation
18:06
strategy and of course, the famous Bitcoin strategic reserve
18:10
in the United States. I mean, dude, like I would not
18:14
be surprised that if those things went through, we shot up
18:17
to $1,000,000 very, very effing quickly.
18:21
Opti, what are your thoughts? Yeah, well, First off, I I I am
18:25
a little surprised to hear Nico start to say 200 K Bitcoin.
18:28
So you can tell that he's starting to feel the FOMO
18:31
because I was saying this in like April where I'm just like I
18:34
have a feeling this bull market going to go to 200 three 100K
18:38
and everyone is kind of getting really bullish.
18:40
So you you love to see it with Nico reigning bear on the show
18:43
starts to get bullish. You know, we're starting to feel
18:46
and enter into the frenzy stage of the Bitcoin bull market.
18:49
But putting a bow tie on that, what I really love about the
18:53
fact of Bitcoin passing silver's market cap is one of them.
18:57
It is kind of personal. My my dad to this day is still a
19:00
silver bug. Like he always, always talks
19:03
about, oh man, my silver's at all time high or you know, my
19:06
silver prices are going up. It's all time high holdings for
19:09
me. And I'm always sitting there
19:10
like, dad, come on, man. Like, when are you going to go
19:14
deeper into Bitcoin? Like, yeah, silver was cool, but
19:17
he's still, he's still a dinosaur here and he's still
19:19
thinking that silver's monetized and that it's going to make a
19:23
good run. And hey, maybe his silver bags
19:25
will be good. So I love seeing this.
19:27
He actually tweeted me this morning.
19:28
He's like, man, Bitcoin, Bitcoin's running.
19:30
I hope you're having fun down in El Salvador.
19:32
And I'm like, yeah, it's it's going to be a crazy, crazy next
19:34
year. Anyways.
19:35
I think the other significant aspect of Bitcoin passing the
19:39
silver market cap is we did have bimetalism for a long time.
19:43
And of course, Nico just went down and ran down the 1971, the
19:47
Nixon shock. And we're starting to see that a
19:50
new bimetalism is starting to proliferate around the world.
19:53
And of course, we're talking about Bitcoin and Fiat
19:56
currencies. And I think this is the new
19:58
trend that we're seeing that Bitcoin will for at least the
20:01
foreseeable future coexist with Fiat currencies.
20:05
And if we look at what happened in the past in the bimetalism of
20:09
gold and silver, obviously you know, you store your value in
20:12
gold. And you use your silver to make
20:14
payments. Well, now that old paradigm is
20:17
starting to shift into Bitcoin, where you store your Bitcoin and
20:21
you use your dollars. And I think this is kind of what
20:23
we're seeing play out in real time.
20:26
That trend and that education level hasn't really hit the
20:29
mainstream yet. But you're starting to see that
20:32
people are pivoting into Bitcoin.
20:34
The conversation around Bitcoin is improving.
20:37
People are starting to get bullish.
20:38
Everyone's talking about 80 K Bitcoin.
20:40
Well, actually, I'll take that back.
20:42
Not everyone is talking about 80 K Bitcoin because I still
20:45
haven't got my friends text messages yet of being like,
20:48
Dang, Bitcoin's at 90 Ki should have listened to you and bought
20:51
it at 15 K etcetera. But we're starting to see that
20:54
as we move into that 6 figure number, things are going to get
20:58
crazy. And I know I've been saying
20:59
super cycle for a long time, so I don't want to jinx it because
21:03
if I say it, it seems like the price starts to drop.
21:05
But when Nika says it, the price starts to go up.
21:08
But it is starting to feel like maybe we might be either seeing
21:13
our last four year cycle or hey, maybe it is going up forever
21:17
now. I don't know.
21:18
Dude, I always hear this every single cycle.
21:21
I know the Super cycle, the Super cycle, the Super cycle,
21:24
the Super cycle, then every there's no super cycle, then
21:26
just love of it. So I mean, we shall see, but I,
21:30
I will tell you this guys, my strategy has always been stay
21:35
humble, stack stats, stay solvent, be careful with
21:39
leverage and you know, just literally just stacks ATS your
21:44
life will get better. Try not to trade, even though I
21:48
know it's a lot, it, it's very appealing for a lot of people.
21:51
But I, I've been doing this for quite a long time and I'll tell
21:55
you this, I have talked to many people that they've essentially
22:00
told me like, if I did absolutely nothing but just held
22:05
on to the Bitcoin, I would have more Bitcoin today than if I did
22:10
everything that I tried to do right.
22:12
And I think there's a lesson in that.
22:14
And I'm not saying it's 100% of people, but I'm saying it's the
22:17
vast majority of people that I've that, that I've spoken
22:21
with. So anyways, guys, it's gonna be
22:24
a great show. We have so many topics loaded up
22:27
for you guys. We're going to talk about Naimbu
22:30
Kayle's vindication against the IMF.
22:34
You know, the same IMF that was telling him that, hey, listen,
22:38
be careful. Bitcoin is going to cause
22:40
financial instability in your country.
22:42
And it's going to, you know, it's going to cause, it's going
22:44
to cause all this mayhem. And you know, people are going
22:46
to go broke and it's going to be terrible.
22:48
Well, IMF, you guys got it effing wrong, totally wrong.
22:53
Naimbu Kayle completely vindicated.
22:56
So we're going to cover that. And then also during the numbers
23:01
segment, Natalie Burnell went on legacy media and she was talking
23:05
about the American Dream. So guys, stay tuned.
23:08
It's going to be a great show. And of course, Opti's got a
23:11
special surprise for you guys lined up during the culture.
23:15
Anyways, ladies and gentlemen, let's get to news.
23:17
We have lots to talk about today.
23:19
Let's check it out. I want to tell you guys about
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the numbers. At the time of recording, the
27:24
Bitcoin price is back up at 87,510 dollars.
27:28
Block height 870,000 flat sats per dollar, 1143 market cap,
27:35
1.73 trillion Bitcoin price in gold, 33.9 oz Bitcoin versus
27:42
gold market cap 9.67% percentage issued 94.19% decline from time
27:49
high -2.6%. And the realized monetary
27:54
inflation. I love this one.
27:57
Continuing to take Fiat currencies to absolute school.
28:01
We are at 1.23%. Anyways guys, let's talk about
28:06
this, right? Let's talk about the American
28:09
dream. So the American Dream is this
28:12
concept. Me and Opti are, are first
28:14
generation Americans and we, we immigrated to this country, Opti
28:18
from Mexico, me from Venezuela, and we were sold on the idea of
28:22
the American Dream. The the idea of the American
28:24
Dream is if you work hard enough, if you put a pedal to
28:28
the metal, if you believe, if you suffer, you struggle, you
28:33
pay your dues, you're able to live a good life.
28:37
That means a white picket fence. That means a car.
28:40
That means dignity, right be to be able to afford housing and
28:44
raise a family. The American Dream is dead on a
28:50
Fiat standard. It's been dead for a long time,
28:53
especially if you're a Gen. Z, you're a millennial.
28:56
You are now become part of the renter class.
29:01
You're basically nothing more than a Russian serf.
29:03
I mean, the World Economic Forum that I call the contillionary
29:08
conference, they're even telling you you owe nothing and be
29:12
happy. Well, that sounds very somber
29:16
and that sounds very depressing and sad.
29:18
What I got to tell you guys is the American Dream isn't dead.
29:22
You're just using the wrong unit of account.
29:25
The American Dream is thriving, and not only is it thriving, it
29:29
has been exported all over the world if you're saving on a
29:35
Bitcoin standard. Now before I play Natalie
29:38
Burnell on Legacy via moving the Overton Window talking about
29:42
this, I do want to show you guys the proof.
29:49
So here is a very, very power site that we use all the time
29:52
called Priced in Bitcoin 21 and it shows you what happens when
29:58
you start adopting Bitcoin as your unit of account.
30:03
So it has the dollar, it has oil, it has gold, it has the S&P
30:07
500. If you've been saving a Bitcoin,
30:10
oil has gotten 94% cheaper over the last five years.
30:14
If you've been saving in gold, gold has gotten 93% cheaper over
30:18
the last five years. If the S&P has been has gotten
30:23
75% cheaper over the last five years, a house, even with
30:27
housing prices doubling, quote UN quote, a house has gotten 89%
30:32
cheaper over the last five years.
30:35
Over the last three years, a house has gotten 80% cheaper.
30:39
Over the last year, a house has gotten 78% cheaper if you've
30:45
adopted and you've been saving on a Bitcoin standard.
30:49
So the American dream isn't dead.
30:51
It's alive and well. It's thriving, but only if
30:55
you're using Bitcoin as a unit of account.
30:57
I'm not the only one to think this here is simply bitcoins.
31:01
Dante Cook, host of the Bitcoin Simply Show, which I believe
31:05
it's Tuesday, so he's going to be dropping a show for you guys
31:08
later on in the day. And he's this is his quote, this
31:12
is his tweet. He says Bitcoin is the purest
31:14
expression of the American dream five years ago.
31:17
Medium house price $329,000 AKA 44 Bitcoin today medium house
31:25
price in the United states 434,000, which you'll see is
31:29
higher in Fiat terms, but that equates to less than 5 Bitcoin
31:35
Saving Bitcoin and afford a home now.
31:38
Our job as Bitcoin content creators and Bitcoin in general
31:42
is to really get this message out there so that people stop
31:46
infighting and most importantly, people stop seeking solutions,
31:51
solutions from politicians. People start taking personal
31:56
responsibility and start to realize that, hey, you can save
32:02
for a better future. All you have to do is transition
32:05
to a Bitcoin standard. Anyways, here is Natalie Burnell
32:09
who kills it every single time on legacy media, Fox Business
32:14
with Charles Payne. Let's check it out.
32:16
Talking about the American dream and Bitcoin.
32:19
Want to bring a Coin Stories podcast and Natalie Bernal
32:22
joining me by phone. So Natalie, you know what I
32:24
thought was intriguing? If you look at the places where
32:26
Trump outperformed with young men, 18 to 2942% are in crypto,
32:30
Black, black Americans, 23% are in crypto, 21% of Hispanics.
32:34
Those it's, it's interesting to me in the sense that these are
32:36
people who are finding a different way of saying, hey, I
32:39
think I can get a piece of the American dream, but it's got to
32:41
be something non traditional. And you kind of talked, you knew
32:43
about this and talked about it a long time ago.
32:46
That's right, Charles. Well, you know, Bitcoin is
32:47
really the purest expression of the American dream of freedom
32:50
and self determination. And Bitcoin is a financial
32:53
system that was created by the people for the people.
32:55
It wasn't funded by big corporation or venture capital
32:59
or government and special interest groups.
33:00
It grew from the ground up entirely organically.
33:03
And how often do we see something like that?
33:05
I mean, Bitcoin offers this entirely new vision where we can
33:08
truly own our wealth and it really transcends politics and
33:12
borders and backgrounds, which is why I think it's the
33:14
opportunity of a lifetime. I got to tell you all young,
33:16
whenever a young adult approaches me, I know 9 out of
33:18
10 they're going to ask me about cryptocurrency.
33:20
Do you know that tomorrow is the three-year anniversary, The
33:22
first time that you gave that your little rant about this
33:25
money printing in Bitcoin to the world.
33:27
Take it, take a listen. We're addicted to the money
33:30
printer in this country. And I think a nation that lives
33:32
by the money printer runs the risk of dying by it as well.
33:34
I mean, we used to be the world's biggest creditor nation.
33:36
We made stuff. Now we're the world's biggest
33:38
debtor nation. We hardly make anything except
33:40
debt. That's why Bitcoin is so great.
33:42
You can't print more of it. It's programmatically scarce
33:44
hard money. And as my friend Preston Push
33:45
said very well today, Bitcoin literally feasts on corruption
33:48
and manipulation, and boy is the plate holder.
33:55
Absolutely 100% Natalie Burnell hit, you know, hits, hits the
34:00
ball out of the park like usual. Forgive me, guys, we are, you
34:03
know, the Internet is is a little interesting.
34:06
So the the video was a bit pixelated.
34:09
We'll make sure to download it into Restream itself.
34:11
So it's a little bit better next time.
34:13
But anyways, Opti, I mean, dude, this is something that you've
34:16
been experiencing. This is something that I've been
34:18
experiencing us running this like Bitcoin bootstrapped media
34:23
company and like, you know what like the wonders that it has
34:28
done for us as a company because a portion of our treasury is on
34:33
a Bitcoin standard. And because of that, the runway
34:37
just gets bigger and bigger and bigger and bigger and bigger.
34:40
And that gives us Peace of Mind. We're able to make payroll.
34:44
We're not, you know, freaking out and we're able to expand as
34:47
well. So can you talk a little bit
34:49
about that Bitcoin, the American dream?
34:51
You specifically like myself as an immigrant, you know, we were
34:54
sold on this idea coming to America.
34:57
Yeah, 100%. And I mean, look, I still fully
35:00
believe in the American Dream and we actually had a long
35:02
conversation about this last night with everyone here at the
35:05
Airbnb that the American Dream isn't dead.
35:08
If you're on the Bitcoin standard, yes, it's damn near
35:11
impossible. If you're on the Fiat standard
35:13
because you're on the hamster wheel, it's hard to escape
35:15
inflation. If you're not making, you know,
35:17
20% plus gains investing or getting 20% plus raises every
35:22
year, you are barely floating by.
35:25
And now we're seeing that Bitcoin is the cheap code that
35:28
all you literally have to do is, you know, work your job, save in
35:32
Bitcoin and your life gets out much better.
35:34
And it really is a throwback to, you know, the 1950s Americana
35:39
type vibes where you work a good job, you save in, you know,
35:42
whatever money you wanted to and you could still afford a family,
35:46
you can still afford a house. And as we're seeing, things are
35:49
getting really crazy out there in the Fiat land.
35:51
And Bitcoin is as American as apple pie, as the meme goes.
35:56
It's the American deals encrypted in cyberspace or
35:59
whatever the meme was that Sailor was saying.
36:02
And I think it's really it, it really embodies everything that
36:05
I was ever told about being an American.
36:07
And I absolutely love this meme, especially right now where we're
36:10
seeing that a lot of the older generation really is, I don't
36:15
want to say brainwashed, but they really have this connection
36:19
with the dollar. And that's where their
36:21
patriotism is kind of tied up to.
36:23
It's like, American is the best where the world reserve
36:25
currency, the dollar is the best.
36:27
I mean, I was kind of joking with with Murphy over here
36:30
about, Hey, he's pricing the the Bitcoin price in Canadian
36:34
dollars. I'm like, those aren't real
36:35
dollars, bro. Let's get to the real dollar so
36:37
we can even play on that idea. But a lot of people's patriotism
36:40
is wrapped up in the dollar. And us Bitcoiners are like, look
36:44
it it, it doesn't have to be this way.
36:46
You just need to save in a good money.
36:48
Bitcoin is American, You know, we could argue that Satoshi
36:51
Nakamoto was Japanese or even from the UK or what have you.
36:55
But I, I kind of believe that there was a lot of American
36:58
idealism coming from Satoshi. And I just can't wait to see
37:02
more people adopt Bitcoin. Obviously, this is a global
37:05
phenomenon, and I want everyone to get on the Bitcoin standard,
37:08
saving a Bitcoin using Bitcoin, but I love to see that this
37:13
movement that is Bitcoin is helping people, individuals
37:16
escape inflation, live the life that we've always been taught to
37:20
believe is possible. And it's really super simple.
37:23
Why are we working for a money that is designed to steal from
37:26
us when there's a better option? And we do our best to come out
37:29
here every single day to explain to people it's literally as
37:32
simple as just saving in Bitcoin, taking Bitcoin into
37:34
cold storage, making sure your cash flow is going up and
37:38
continuing to repeat this process.
37:40
As we say, you know, stay humble stack stats I I think we are
37:44
going to see a new renaissance not only in America, but
37:48
anywhere that adopts Bitcoin and we're seeing this happen in El
37:51
Salvador we're in El Salvador. You can see the beautiful
37:53
volcano Naibu Kelly is being vindicated.
37:56
We see in the the mining and Bhutan now they're, it's like
38:00
their holdings are over a billion dollars.
38:01
So it's literally the cheat code.
38:03
You just need to save a coin and don't spend that Bitcoin and
38:07
your life gets that much better. And I think this is what
38:09
everyone really wants to do. Most people just want to live a
38:12
good life and they just don't know that there's a whole new
38:15
opportunity. And of course, that opportunity
38:17
is simply Bitcoin. 100 percent, 100% All right guys, stay tuned
38:21
because we have a incredible show for you guys lined up.
38:25
We're going to talk about Naimbu Kelly's and incredible
38:28
vindication over the IMF, so stay tuned, we'll be right back.
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Mind for your piece of Bitcoin. All right, everybody, so let's
40:26
get to Naimbu Kayla's app close up Opsy, please, let's get to
40:32
Naimbu Kayla's absolute vindication.
40:36
And remember guys, the IT wasn't only it wasn't only the IMF, it
40:43
was the World Bank. It was members of the US
40:46
government. There was a law that was passed
40:48
in the house that was quote UN quote investigating El Salvador.
40:52
Mind you, El Salvador is a very small country.
40:55
The GDP is only 32 billion. Why do they care?
40:59
Not to mention the relentless onslaught by the legacy media
41:04
machine that was just completely annihilated with the Trump
41:06
election, by the way. But that whole machine just went
41:10
after Naimbu Kele because he wanted to lower crime in the
41:14
country, which he did. He, you know, he increased the
41:17
GDP, he made El Salvador safe, he increased the hope of the
41:22
people and for some reason he was demonized because of it.
41:26
And I truly believe that, you know, because I've seen what
41:29
adopting Bitcoin has done for me, for my company, for Opti,
41:33
for my family, for Michael Saylor, for other.
41:36
It just makes your life better when you adopt A Bitcoin
41:39
standard. So I think the fact that El
41:43
Salvador adopted a Bitcoin standard and then by doing so
41:47
fixing the base layer of society, I think that played a
41:51
role in El Salvador's success. Now, did it play a huge role?
41:56
I don't know. Let's see when another country
41:58
plays a Bitcoin standard. But there is something there.
42:01
I, I, I, I, I'm really calling that.
42:03
So anyway, let's get to today's story.
42:06
We have the receipts for you guys, like always on Simply
42:10
Bitcoin. That's what we have.
42:12
But let's get to this Reuters article, shall we?
42:16
So this was back in October 3rd, 2024.
42:22
IMF says Bitcoin remains key element in El Salvador program
42:26
talks. So this is what they do.
42:29
The IMF goes to developing countries and they give those
42:33
countries these loans with crazy conditions.
42:38
They essentially enslave developing countries with these
42:42
loans and they give them the the, the these SDRS.
42:46
It's essentially just this money that they just create out of
42:49
thin air and the conditions are nuts and they essentially
42:53
enslaved. It's like a new form of neo
42:56
colonialism, right? And the reason that IMF in the
43:01
World Bank doesn't like Bitcoin isn't because Bitcoin is not
43:08
going to solve the problems of, you know, these developing
43:12
countries. It's because Bitcoin provides an
43:15
alternative for developing countries not to have to go
43:20
through the IMF. And because it provides an
43:22
alternative to not have to go to through the IMF, it relinquishes
43:28
control by the IMF over these countries.
43:34
And that's why they're scared. That's what it's about.
43:37
It has nothing to do with financial stability.
43:41
It has nothing to do with a MLKYC.
43:45
That's all bullshit. It's the fact that because
43:48
there's an alternative, a non sovereign alternative of which
43:52
no one can control, it freaks the IMF out because before they
43:57
were the only player on the block.
43:59
And that's no longer the case. That's why they're so scared and
44:03
that's why they're allies in the legacy media whose reputation is
44:07
completely gone and dusted. I would even say the legacy
44:11
media is no more after the Trump twenty Trump 2024 election that
44:16
that that's why they're so concerned about this.
44:18
Anyways, so I'm going to read you this article or or at least
44:21
the beginning of it. Program talks between the IMF
44:24
and El Salvador focus on strengthening reforms while
44:28
addressing risks arising from the use of Bitcoin remains a key
44:32
element of the discussion quote. What we have recommended is a
44:36
narrowing of the scope of the Bitcoin law, strengthening the
44:40
regulatory framework and oversight of the Bitcoin
44:44
ecosystem and limiting public exposure to Bitcoin.
44:50
You know what I got to say? It's the same thing that I told
44:53
you guys yesterday when we were talking about the death of the
44:55
legacy media. Projection, projection,
44:59
projection, projection, projection.
45:02
They project on to us what it is they are guilty of themselves.
45:06
You know what? I'm going to replace some words
45:08
in this article. What we recommend is a narrowing
45:12
of the scope of the Fiat law, strengthening the regulatory
45:16
framework and oversight of the Fiat ecosystem and limiting
45:21
public sector exposure to Fiat. Right, 'cause like, I mean like
45:27
I, I showed you guys, we showed you guys priced in Bitcoin.
45:31
If you've been saving in Bitcoin, life has been getting
45:34
cheaper. If you've been saving in in
45:36
Fiat, life has been getting more expensive.
45:39
What is more dangerous to the public, Fiat or Bitcoin?
45:44
It's obviously Fiat. But if you've built this giant
45:49
bureaucracy whose job and livelihood depends on the
45:53
continuation of this system, of course they're not going to tell
45:58
you that. Of course they're going to tell
45:59
you the exact opposite. But the beautiful thing about
46:02
number go up, and the beautiful thing about Bitcoin is that it
46:06
exposes incentives. So they dropped this article
46:09
October 3rd, 2024, and shortly after, very, very poetically,
46:17
Naimbu Kelly says I told you so. And why did he say I told you
46:22
so? Well, El Salvador now owns $500
46:26
million worth of Bitcoin. Bitcoin country is winning.
46:31
And by the way, he's doubled. He started buying one Bitcoin
46:36
every day since Bitcoin bottomed at $16,000.
46:41
So he's doubled his country's Bitcoin reserves.
46:46
He made the reserve public so that everyone could audit what
46:51
El Salvador's Bitcoin reserves are, unlike the United States
46:55
gold reserves. So again, the IMF, basically any
47:00
country that is criticizing El Salvador, you are projecting
47:04
onto El Salvador what it is. You know you are guilty of
47:07
themselves, what you are guilty of yourself.
47:10
Shame on you. And until you make your reserves
47:13
public, until you match the standards that have been set by
47:18
El Salvador, I, I, I don't want to hear about it because you
47:21
know what? They always tell us that, hey,
47:24
you need the IMF. They always tell us that, hey,
47:28
you need to, you know, go in this certain direction.
47:31
Naimbu Kelly didn't listen. Naimbu Kelly went in there.
47:35
He cleaned up one of the most dangerous countries in South
47:39
America in record time. The GDP is exploding.
47:43
Tourism is exploding. Hope in people is coming back.
47:48
I mean, like, isn't that the whole point of government?
47:52
The whole point of government is to protect private property.
47:55
The whole point of government is to protect the safety of the
47:59
people. And it seems like government is
48:02
not concerned about that. Government is more concerned
48:05
about these crazy, you know, social programs, top down
48:12
control programs. I would say it's about control.
48:16
Government is more concerned about keeping control over their
48:20
populace rather than actually providing the value of which
48:24
we're paying for as taxpayers. And that is a complete
48:29
injustice. And this is the last thing I'll
48:31
say before I hand it off to Opti.
48:34
The IMF said El Salvador adopting Bitcoin would lead to
48:37
financial stability. Well, eat that IMF 'cause you
48:42
got that incredibly wrong. Like just like you've got in
48:45
everything incredibly wrong for the last couple of decades.
48:49
You know what? You can hide behind this
48:51
legitimacy of this real really crazy emblem and we are at the
48:56
IMF and you know, we wear suits and you know, I, I'm Christy
49:00
Lagarde and I was the head of the IMF and you have to take us
49:03
seriously because you know, these Bitcoin shenanigans are
49:06
this, you know what, shut the fuck up.
49:08
The proof is in the pudding. Bitcoin is obviously superior.
49:13
Bitcoin is better. Bitcoin is obviously giving
49:16
people hope, prosperity, opportunity to the people.
49:20
And what have you guys done other than enslave of humanity a
49:24
new form of neo colonialism? That's the way that I see it.
49:28
Look, if these IMF loans have worked, how come you you've
49:32
given Argentina like 5 or 6 and they still went through
49:37
hyperinflation multiple times? You've done this to other
49:40
developing countries in Africa. You've done this to other
49:44
developing countries in South America and it still hasn't
49:47
worked. So maybe it's time to try
49:50
something new. And like, do I think it's a
49:52
coincidence that the first country that really tried
49:55
something new and adopted a Bitcoin standard is not only
50:00
succeeding, but flourishing? No, I don't think it's a
50:03
coincidence because I know what Bitcoin's done to my life.
50:06
I know what Bitcoin's done to Opti's life.
50:08
I know what Bitcoin's done to my company.
50:10
I know what Bitcoin's done to Michael Saylor's company.
50:13
Do you think it's a coincidence that the first company that
50:16
adopted a Bitcoin standard is outperforming the rest of the
50:21
S&P 500? No, this is Bitcoin.
50:25
Bitcoin is a cheat code. Anyways, Opti, I feel a little
50:27
bit passionate today, feel a little bit riled up.
50:31
But I mean, this is absolute vindication by Naimbu Kele from
50:36
the monetary demons. And we're just going to continue
50:39
to win. I mean, Trump's speech just
50:41
keeps going on in my head. What you We're going to win so
50:44
hard. You guys are going to get tired
50:46
of winning. Was he talking about Bitcoin
50:48
when he was saying Opti love it, love it?
50:52
Yeah, I mean, look, we've been covering this all year, actually
50:55
for years now about the attacks from not only the IMF, but of
50:59
course, the corporate press. And it really all boils down to
51:02
one thing, especially now that Naibu Kelly has been vindicated.
51:05
Remember, El Salvador's country has AGDP of 32 billion.
51:09
Their Bitcoin holdings are, you know, north of 500 million now,
51:12
like that's a significant portion of of their wealth in
51:15
Bitcoin, and it's only going to increase.
51:17
They're still stacking one Bitcoin a day.
51:19
And we've been saying this for a while.
51:21
And I think it's becoming truer and truer every single day as El
51:24
Salvador does succeed that the IMF, of course, you know, like,
51:28
let's, let's not ignore the fact that they use mafia tactics on
51:31
countries out here, get them in debt and be like, we're here for
51:33
your protection. And yet they do the exact
51:37
opposite. They pretty much extract
51:38
resources. Now we're seeing that what we're
51:41
seeing from the IMF and corporate press in general is
51:44
that this freak out has, I think only one real reason is they
51:49
don't want other people to follow the lead of Naibu Kelly
51:52
and El Salvador. And of course, they don't want
51:55
the Bitcoin standard to expand to other countries because then
51:58
they lose their power with these IMF loans.
52:00
And This is why you're seeing them go out, go all in on these
52:03
attacks. I mean, Nika, you mentioned it
52:05
in that tweet. We found it super hilarious at
52:08
some point this year when they were saying like, oh, El
52:10
Salvador is going to be in financial trouble.
52:12
And they've never been better in their existence.
52:15
And it of course is due in part because of their Bitcoin
52:18
strategy. And now we're seeing that it's,
52:21
it's undeniable out there that you need to have a Bitcoin
52:24
strategy. You don't need to take these
52:26
loans. I mean, unless, unless they do
52:27
something like take the loans and stack Bitcoin, then maybe
52:30
maybe that'll pay itself off, you know, maybe that'll be a
52:33
good. Move.
52:33
I'm pretty sure that's a condition.
52:35
Literally a condition, but hey, you know, a boy can hope, but it
52:39
is just it's absolutely incredible, especially here.
52:42
You know, we're in El Salvador today.
52:44
It's been super cool to come down to El Salvador.
52:46
The Bitcoin price is pumping. Of course, El Salvador go or
52:50
it's not a sorry, naive Kelly goes on Twitter.
52:52
I told you so we're starting to get into the point where us
52:56
bitcoiners are going to have to do our best to stay humble
52:59
because there is going to be a lot of I told you so is coming
53:03
up, especially on a personal level, telling your family like
53:06
I told you so you should still buy Bitcoin.
53:09
We're seeing naive, but Kelly do this on a global scale, bigger
53:12
scale than most of us would do in our personal lives.
53:15
But yeah, it it's sweet, sweet victory and it feels really good
53:18
to be a bitcoiner today. Obviously next year it's going
53:20
to feel even better if the price goes to where we believe it's
53:24
going to be. But with that being said, and
53:27
this is going to kind of tail into what I'm going to cover on
53:30
the culture today, you are going to see an increase from these
53:34
institutions attacking Bitcoin strategies, attacking El
53:37
Salvador as the price goes up, attacking Bitcoiners in general,
53:40
which is kind of what I'm going to cover in the culture.
53:43
So it is, while it's one of these victory laps, I think it's
53:46
very important for us to keep our heads on a swivel and
53:49
understand where the attacks are going to come.
53:51
At first they attacked us for being, what was it, a financial
53:55
illiterate, psychopaths or whatever.
53:58
And now they're going to attack us for winning too hard.
54:00
So we see the trend, obviously, kudos to Naibukele and the whole
54:05
nation of El Salvador. And it's just it feels so good,
54:09
especially, you know, El Salvador translation, the
54:12
savior. It's the, it's no coincidence,
54:15
you know, maybe we do live in a simulation because life is memes
54:18
and memes is life. And the first country to adopt
54:20
Bitcoin is literally called the savior.
54:23
And it's just proven to the world that Bitcoin is your
54:26
personal savior on a financial level.
54:28
Absolutely, absolutely. Alright everybody, before we
54:30
move on to the culture, I do want to give a very a special
54:36
shout out to Simply Bitcoins new partners.
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I'm going to go through them real really quick 'cause we
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haven't started with them yet. But first, Hive guys, go check
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55:30
to Bitblock Boom. We're going to be doing the
55:33
production for them this year again, so if you guys want to
55:36
see us in the flesh, you want you guys want to talk to us, the
55:39
whole simply Bitcoin crew. Dante's going to be there,
55:41
Ruston's going to be there, Jacob's going to be there,
55:44
Opti's going to be there. I'm going to be there as well.
55:46
We're going to be doing the live stream for for them as well.
55:49
Go get your tickets for Bit Block Boom.
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Get your tickets quickly because the prices do increase.
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So go to bitblockboom com today. All right everybody, let's get
56:07
to the culture. We have a ton to talk about.
56:09
Let's check it out. Here we go.
56:23
Alright everybody, I do want to give a shout out to our sponsor,
56:26
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56:29
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Anyways, so the Orange Pull app allows you to send messages to
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57:00
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57:02
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57:05
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Scan the QR code or check the link to get started.
57:24
Anyways, I'm gonna pass it on to Opti.
57:25
I don't even know what the cultures like culture is today
57:29
man. What do you have in store?
57:30
For us, yeah, man, I think, I don't think Niko saw this new
57:34
story, but I but I thought I'd be like, it'd be a missed
57:37
opportunity if we didn't cover this today, considering that
57:40
we've seen exactly what I've been saying would happen for the
57:44
last couple of weeks. Is this idea that as Bitcoin
57:47
starts to succeed, you're going to see a narrative shift from,
57:50
hey, maybe we need to outlaw Bitcoin to wait.
57:53
Maybe we need to demonize the Bitcoiners for taking the risk
57:57
and winning so hard. And on this note, this is really
58:00
touching on the ECB paper that was dropped.
58:03
Was it like a month ago? This is the turd of Easter bro.
58:07
Oh man, I can't wait for. This, so Nico, he saw it, but
58:13
this is something I think, I'm pretty sure I mentioned this
58:15
yesterday, that as we move forward and Bitcoin does get
58:18
adopted, the price does run really high.
58:21
You're going to see a narrative shift and for lack of better
58:25
terms, the mob get turned against Bitcoiners winning so
58:28
hard. And this is something I've been
58:30
saying for a while that we definitely need to be weary of
58:33
moving forward because as the Bitcoin price moves forward, we
58:37
know what the collectivists are going to think about Bitcoiners.
58:39
You know, that it's, it's not fair that they got lucky and
58:43
they bought Bitcoin. You know, maybe we need to take
58:45
their property. We need to tax them.
58:47
Well, let's break down the ECB report, literally bombshell
58:52
twist that the ECB report just dropped.
58:54
And remember, the ECB dropped the report November 4th.
58:58
And they had, they did this whole paper outlining Bitcoin,
59:01
the risk of Bitcoin. And then they made a very silent
59:05
shift since Donald Trump is to be the president-elect.
59:09
And so breaking this down, we have the original ECB paper or
59:13
sorry, correction, it was in October.
59:14
The original ECB paper. They finished up the paper with
59:18
this sentence. In any case, current non holders
59:21
should realize that they have compelling reasons to oppose
59:24
Bitcoin and advocate for legislation against it, aiming
59:28
to prevent Bitcoin prices from rising or to see Bitcoin
59:31
disappear altogether. Latecomers and non holders and
59:34
their political representatives should emphasize that the idea
59:38
of Bitcoin as an investment relies on redistribution at
59:41
their expense. Failing to do so could skew
59:43
election results in favor of politicians who advocate pro
59:47
Bitcoin policies, implying wealth redistribution and
59:51
fueling the division of society. Now Trump got elected or is to
59:55
be you know, he's the president-elect right now.
59:58
He's going to get in office in about a month or so.
1:00:00
And they switched up the ending of the paper very silently from
1:00:05
that last sentence to this. In any case, current non holders
1:00:09
should realize that they have reasons to worry about Bitcoin
1:00:12
and legislations favoring it. Latecomers and non holders and
1:00:16
their political representatives should emphasize that the.
1:00:18
Idea of Bitcoin as an investment relies on redistribution at
1:00:21
their expense. Failing to do so could skew
1:00:24
election results in favor of politicians who advocate pro
1:00:27
Bitcoin policies fueling the division of society.
1:00:31
Now we've talked about this constantly on the show, this
1:00:34
idea that the Fiat apocalypse, you know, all the the Fiat
1:00:38
controllers, the Cantillon insiders, they've been blaming
1:00:42
Bitcoin for the problems of Fiat currencies and the fact that
1:00:45
they're debasing their currencies.
1:00:46
And instead of taking responsibility, they're like,
1:00:48
look, those bit corners are to blame.
1:00:51
And now that we're seeing Bitcoin as a movement start to,
1:00:54
you know, embed themselves with politicians and politics landing
1:00:57
on our door. We all saw the huge crypto pack
1:01:01
or Bitcoin pack that David Bailey in Bitcoin magazine push.
1:01:05
You know, you could argue we did semi influence this year's
1:01:08
election. Now they silently change their
1:01:10
riding to wait. Let's not talk about what what
1:01:14
was it? Let's not just hope for Bitcoin
1:01:17
to disappear. You have reasons to oppose
1:01:20
Bitcoin and advocate for legislation against Bitcoin
1:01:22
adoption to now you should worry about advocating for pro Bitcoin
1:01:28
legislation. So we're seeing that this is
1:01:30
happening in real time where US winning the Bitcoin price
1:01:34
running past 6 six figures and Bitcoin adoption starting to
1:01:39
take place that we are starting to become demonized in saying,
1:01:43
oh, wait, you know, it was not the problem of opposing Bitcoin.
1:01:46
Now you got to worry about pro Bitcoin legislation because
1:01:49
that's the real problem here, not the fact that they are
1:01:51
debasing our currency, that we're all getting broker, that
1:01:54
we're stuck on the rat race and there's no escape from the Fiat
1:01:57
apocalypse. And you're, you know, trying to
1:01:59
find an alternative with Bitcoin.
1:02:00
It's like, no, the real problem here is advocating for Bitcoin.
1:02:04
So again, you're starting to see the groundwork being laid to
1:02:07
demonize Bitcoiners. And I've been saying this for a
1:02:09
long time that as Bitcoin succeeds, the powers that be,
1:02:13
the corporate press, you know, the anti Bitcoin, what's a
1:02:16
Elizabeth anti crypto army out there is going to roll
1:02:19
themselves out and basically say, hey, Bitcoin is winning too
1:02:23
hard. We have to do something about
1:02:25
this. We have to slow down Bitcoin
1:02:27
adoption. And we've been talking about
1:02:29
this on the show for a long time that if you read between the,
1:02:33
the, the lines in between the writing, you're seeing that the
1:02:36
powers that be are actively trying to slow down Bitcoin
1:02:40
adoption. Of course, this is the ECB, this
1:02:42
is in Europe, US in America. You know, you can just see the
1:02:45
writing on the wall that eventually this will come and be
1:02:48
exported into America and of course, everywhere else that
1:02:51
wants to maintain their Fiat chokehold on us.
1:02:55
But it is very interesting that we're seeing the narrative shift
1:02:58
so quickly and silently that, hey, it's not enough to oppose
1:03:01
Bitcoin. You got to be very, very
1:03:04
concerned about pro Bitcoin legislation and we all know
1:03:07
where this will eventually end if we don't get ahead of it and
1:03:10
say like, no, I am not for this. I am actively against this.
1:03:14
They're probably not only going to talk about taxing your
1:03:17
Bitcoin, but maybe outright stealing and taking your
1:03:21
property, which is of course Bitcoin.
1:03:22
So I find it very interesting that we're already here.
1:03:25
We're I think we're ahead of schedule on what I was saying,
1:03:28
but the next 5 to 10 years isn't going to be all rosy of us just
1:03:31
winning, getting richer. We have to be very, very
1:03:35
concern, keep our heads on a swivel that the Bitcoin network
1:03:39
doesn't get silently Co opted. Of course, we've seen the
1:03:41
operation choke .2 point O and what they've tried to do there.
1:03:44
Now we're seeing the narrative shift towards demonizing
1:03:47
bitcoiners. They've tried it in the past.
1:03:49
We know it's not going away, but I find it very interesting that
1:03:53
the ECB just silently changed the last sentence on Bitcoin
1:03:57
ever since Trump came in and is like, yeah, we're pro Bitcoin.
1:04:00
So now again, this kind of does relate to what we saw from the
1:04:03
IMF obviously demonizing and we're starting to see this
1:04:08
narrative continue everywhere. So guys, winning is awesome.
1:04:13
We continue to win Bitcoins going to continue to win.
1:04:16
But we have to be very concerned out here and push back against
1:04:19
these narratives that we're the bad guys for taking the risk
1:04:22
saving in Bitcoin, putting our hard earned wealth in Bitcoin.
1:04:26
And of course, profiting off on top of it.
1:04:28
And it's not a redistribution. Well, it depends who the
1:04:31
redistribution people are. Obviously, the ECB paper is
1:04:34
saying that we're basically redistributing wealth from the
1:04:37
lower and middle classes when in reality, we're just defunding
1:04:40
the Cantillon insiders, defunding the great Leviathan.
1:04:42
So very interesting stuff that we're seeing develop.
1:04:46
But Nico. I mean, so like people don't
1:04:55
understand this, but like Europe is essentially funded by the
1:04:59
United States. Like the, the, the, the, the,
1:05:04
whether it's defense, whatever, whatever you, you want to call
1:05:08
it, the United States essentially kind of bankrolls
1:05:11
Europe. And because it bankrolls Europe,
1:05:15
the US government has a tremendous amount of influence
1:05:18
on not only European policy, but European politics.
1:05:23
So when they, you know, there's a lot of talk of, of European,
1:05:32
the, the Brussels, which is the, the head of the European Union
1:05:37
legislative body, they are essentially putting a lot of
1:05:40
pressure on Elon to kind of censor because Europe has, they
1:05:46
don't have the first minute like here in the United States.
1:05:49
And you know, as soon as the Trump administration comes in,
1:05:52
they're going to go in there and forget about it, forget about
1:05:55
the censorship of, of Twitter, going after Twitter.
1:05:57
That's not going to happen anymore.
1:05:59
So just to kind of give you guys a little bit of the, the
1:06:02
political context. Does it surprise me at all
1:06:07
whatsoever that the ECB is kind of walking back their, their
1:06:12
talk on, on Bitcoin as the Trump administration is, is, is is
1:06:17
going into, into power in, in, in January, January 20th of
1:06:21
2025. No, not at all.
1:06:23
They're walking it back. These are bureaucrats watching
1:06:26
their behinds because they know that the Trump administration is
1:06:30
a pro Bitcoin administration. So that's what's happening.
1:06:35
And that's why this election was so important on a worldwide
1:06:40
scale, at least from a regulatory perspective.
1:06:43
Because make no mistake, if Kamala would have won, not only
1:06:46
would we have seen a dump, but the in what I, what I would
1:06:51
suspect, maybe not as bad as Biden, but this kind of like
1:06:55
hostile regulatory environment would have continued.
1:06:58
Gary Gensler would not have been fired right?
1:07:01
In Europe. It would have continued as well.
1:07:04
So, you know, the United States is by far the wealthiest country
1:07:09
on planet Earth, but it's also one of the most influential
1:07:13
countries on planet Earth from a cultural perspective, from a
1:07:17
financial perspective, and also from an innovative perspective.
1:07:21
I mean, you know, you're most likely using an iPhone or an
1:07:26
Android device. Those are both American
1:07:30
companies coming out of California.
1:07:33
So like most kind of big tech, whether it's Google, Facebook,
1:07:38
Tesla, you know, all those innovations are coming from the
1:07:41
United States. the United States has a tremendous amount of
1:07:44
influence. So does it surprise me that the
1:07:47
ECB is, is walking back their, their rhetoric on, on Bitcoin?
1:07:52
No, not not at all. But they're just hoping that in
1:07:57
four years, you know, a, you know, a, a, a non friendly
1:08:05
towards Bitcoin administration gets back into office so that
1:08:08
they can just continue where they left off the right now
1:08:11
they're playing nice because they know that they're
1:08:13
potentially in trouble. But make no mistake, they did
1:08:17
not change their minds. They just know that, you know,
1:08:21
to use Tucker's words, Dad is back in Dad, dad is back in in
1:08:26
house, Dad is back in town. And they know that these
1:08:31
bureaucrats are potentially in danger, their jobs are in
1:08:35
danger. So they're trying to play nice.
1:08:37
That's what's happening. Do they actually believe this?
1:08:40
No, they don't believe this. So we have to stay vigilant and
1:08:43
most importantly, Trump has to keep his end of the bargain,
1:08:48
right? We were reading it a couple days
1:08:51
ago. The industry, our industry.
1:08:53
First of all, we won 48 out of the 48 electric elections,
1:08:59
Republicans and Democrats for pro Bitcoin candidates.
1:09:02
We but also as a collective, we donated $100 million to pro
1:09:08
Bitcoin candidates. That's what the ECB paper was
1:09:10
talking about. Well, ECB, guess what?
1:09:13
You got your asses handed to you bro.
1:09:16
So anyways, yeah. Wait, wait, wait.
1:09:18
Daddy's. Home and Bitcoin is winning.
1:09:22
Nico, I do want to add one thing before we wrap up today's show.
1:09:25
I think another interesting aspect of this is where did that
1:09:29
command come from? Did it come from, you know,
1:09:31
Chrissy Lagarde out there there? Was this just a personal stance
1:09:34
that the author thought that this would be the best move?
1:09:37
I find it very interesting. I think we could argue that this
1:09:40
came from the top brass. It came from the top of command
1:09:43
at the ECB. Change the rhetoric a little bit
1:09:47
because, hey, we all know, like Nico said, that they are
1:09:49
actively against Bitcoin because it really destroys their power
1:09:53
here. So we've argued, actually
1:09:55
personally, I've argued on this show a lot that I don't think we
1:10:00
can be naive enough anymore to just think that the powers that
1:10:03
be don't understand Bitcoin. I think they very clearly
1:10:06
understand the stakes that are that are at hand right now.
1:10:10
They don't, They do go out in public, kind of play dumb about
1:10:13
it. But behind the scenes they are
1:10:14
actively working on how can we minimize the impact of Bitcoin.
1:10:18
So that's just a very interesting thought experiment.
1:10:20
Like where did that change come from?
1:10:22
Where, Where did the the chain of command start here?
1:10:26
Was it just the author on his own or is this coming from the
1:10:29
top brass of the ECB? Which if it does and we do get
1:10:32
another smoking gun of where it came from, really goes to show
1:10:36
that they're terrified about Bitcoin, which means, hey, this
1:10:39
we keep our foot on the gas. We keep spreading Bitcoin, we
1:10:42
keep trying to get as many people as possible holding
1:10:45
Bitcoin directly off exchanges in cold storage.
1:10:48
And this is how we win. So just I, it's absolutely
1:10:52
incredible that we're seeing this play out so quickly. 100
1:10:54
percent, 100%. Anyways, it's exciting times
1:10:58
guys. I hope you enjoyed today's
1:11:00
episode of simply Bitcoin live streaming from freedom country
1:11:04
streaming from El Salvador. If you guys enjoyed the show,
1:11:08
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We got to win over the culture. That's the name of the game.
1:11:24
So guys, the schedule for this week, we will be streaming
1:11:28
Monday through Thursday. On Friday we will be streaming
1:11:31
the adopting Bitcoin conference. We'll have amazing interviews
1:11:34
for you guys on Friday and Saturday.
1:11:36
RIP me and Opti. And it's going to be a great
1:11:39
show, great production for you guys.
1:11:41
You're going to you guys are going to find a ton of value.
1:11:43
You'll be able to find that live stream on all the simply Bitcoin
1:11:46
distribution platforms, YouTube, Rumble X, ETC.
1:11:50
And you'll also be able to find the adopting Bitcoin live stream
1:11:53
on the adopting Bitcoin Twitter handle and on their YouTube as
1:11:56
well. Hey, guys.
1:11:57
Hey. Wait, Nico, I think you misspoke
1:11:58
a little bit. Guys, we're not gonna have a
1:12:01
live Simply Bitcoin Live on Friday, but we will have a show
1:12:06
for you guys tomorrow and Thursday.
1:12:08
But Friday we're going to be live streaming the the whole
1:12:10
conference for you guys Friday and Saturday.
1:12:12
So no live show on Friday. Throw your tomatoes all you
1:12:15
want, but hey, we got a, we got a job to do down here in El
1:12:19
Salvador. I mean, bro, it's, you know,
1:12:21
simply Bitcoin live is is an hour, right?
1:12:24
We're going to give you guys like 9 hours of pure Bitcoin
1:12:28
signal. It's going to be absolutely
1:12:30
great. Anyways guys love you all, We'll
1:12:32
see you tomorrow. Have a great day.
1:12:34
Peace out everybody, take care. It's brought to you by
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bitcoinwell.com, a Bitcoin only platform on a mission to enable
1:12:42
financial independence.