Latest / Simply Bitcoin / Is The 2025 BEAR market over?! PREPARE FOR 2026 | EP 1409

Transcript

Is The 2025 BEAR market over?! PREPARE FOR 2026 | EP 1409 · Simply Bitcoin

• 0:01
  Yo 2025 was arguably the most bullish year for bitcoins
• 0:06
  fundamentals in its history, but not for the price.
• 0:11
  To understand to understand what comes next in 2026, we need to
• 0:15
  understand why 2025 surprised everyone.
• 0:19
  In 2025, we saw a new all time high the the election of the
• 0:24
  first Bitcoin pro Bitcoin present The strategic Bitcoin
• 0:29
  reserve executive order U.S. states creating strategic
• 0:33
  Bitcoin reserves. The fight between core and
• 0:36
  knots. The fight for bitcoin's soul.
• 0:39
  The SEC. The CFTC alignment with Bitcoin
• 0:43
  ending Operation Choke .2 point O The freedom of Ross Ulbricht.
• 0:48
  The persecution of the samurai wallet developers.
• 0:52
  A boom in Bitcoin treasury companies.
• 0:55
  Nation state accumulation sovereign wealth funds
• 0:58
  accumulating Bitcoin Wall Street products launch for Bitcoin
• 1:02
  genius act pass 3 green one red meme officially broken.
• 1:07
  Let's dive deep into each one of these in a little bit more
• 1:11
  detail. But before we dive into our our
• 1:15
  2026 predictions and what could potentially come next for
• 1:19
  Bitcoin anyways, I'm going to open it up here with my brother
• 1:23
  in arms. 2025 was a crazy the year not only for Bitcoin but
• 1:28
  here for us here at simply Bitcoin as well.
• 1:32
  It's been a wild ride and today is the last episode of 2025.
• 1:37
  So if you guys are in Australia, happy New Years already, if you
• 1:40
  guys are going to celebrate your new year later on today, happy
• 1:44
  New Years tomorrow we will be taking the day off.
• 1:47
  But before that, let's get into today's show.
• 1:51
  So let's start going down memory lane. 2025 started off extremely
• 1:56
  strong Opti. I believe that was the euphoric,
• 1:59
  the euphoric phase of the cycle. We were dropping live streams in
• 2:03
  January. We had over 1000 people just on
• 2:06
  YouTube alone watching us thousands of people across all
• 2:09
  platforms, and we had all these hopes because Operation Choke .2
• 2:14
  point O was officially over. We had the election of the 1st
• 2:19
  pro Bitcoin president Donald J Trump.
• 2:24
  And I'll be honest with you, like from a Bitcoiners
• 2:28
  perspective, no, you know what? F that it's New Year's from an
• 2:32
  American perspective, first generation American and someone
• 2:36
  who was like voted for the GOP. I got to say I'm just
• 2:41
  disappointed overall, right? He built a coalition that was so
• 2:46
  strong. You had moderate Democrats, RFK
• 2:49
  Junior, Tulsi Gabbard, of course, you had Donald Trump
• 2:53
  going in there. And yes, a lot of good things
• 2:56
  were done from a regulatory perspective.
• 2:58
  We did get Ross free. Was it better than Kamala?
• 3:03
  You could say it was, but I think what what 2025 proved was
• 3:08
  that the swamp, the administrative state, it doesn't
• 3:12
  matter. The best team that you can
• 3:15
  build. I think it's so entrenched that
• 3:19
  I think the only way we're going to get out of this is through
• 3:24
  individuals taking Bitcoin into self custody.
• 3:26
  I don't think politicians are going to come and save the day.
• 3:31
  You can't build a better coalition that Donald Trump had
• 3:34
  at the beginning of the year. He had Elon Musk going in there
• 3:38
  auditing the government and Doge got ran out of town.
• 3:43
  Elon got ran out of town. Not to mention Trump's meme coin
• 3:49
  launch, right the day that he was inaugurated, that really
• 3:52
  didn't help the case. So let's talk about that, man,
• 3:56
  because I think a lot of people had high hopes.
• 3:58
  The industry sunk a lot of money into getting this person
• 4:02
  elected. And 2025 just proved that.
• 4:06
  Look like, you know, I, I think the people that we elect into
• 4:11
  office aren't really the people who are calling the shots.
• 4:14
  They're not really the ones that have influence in Washington.
• 4:19
  And, you know, Bitcoin does fix this, but at least we tried the
• 4:23
  traditional route, like we tried, you know what you're
• 4:27
  supposed to do. And it doesn't matter how good
• 4:30
  the team was, they were only to they were only able to
• 4:34
  accomplish so much. And the clarity Act hasn't been
• 4:38
  passed yet, I might add. The only act that was passed,
• 4:42
  and it was passed quite fast was the stablecoin act and as much
• 4:48
  as. I wonder why?
• 4:49
  And as much as I I I like, you know, as much as I like, you
• 4:55
  know, some of these companies behind these stable coins
• 4:58
  because they're Bitcoiners, of course the government is going
• 5:02
  to pass that because it's a continual, it's a continuation
• 5:07
  of the dollar. Like it allows them to expand
• 5:10
  the dollar worldwide across borders, which that translates
• 5:15
  to their ability to print even more money.
• 5:17
  Opti So yeah, man, I mean you were a little bit more black
• 5:21
  pilled in the beginning of the year, but at least me I had to
• 5:25
  go and experience it because I got to say it has been quite a
• 5:30
  disappointment disappointing year from that perspective.
• 5:36
  And the last thing I'll say though too also is maybe I would
• 5:39
  feel different if the price was making all time highs.
• 5:43
  Maybe I would tell you a totally different story.
• 5:45
  But first pro Bitcoin president and we have our first red year
• 5:50
  in the year after the having like that's not cool, bro, you
• 5:54
  know So anyways, overall, definitely some pluses, but the
• 6:00
  most the most important thing, which is number go up not so
• 6:05
  good. Yeah.
• 6:06
  I mean, first of all, just kind of looking back, look throughout
• 6:11
  the year we we kept kind of mentioning a a very similar
• 6:14
  theme where 2025 just seemed, it seemed like we just had bullish
• 6:18
  news after bullish news. And every time we got bullish
• 6:20
  news, the price would drop and we were all wondering like, what
• 6:23
  the hell is going on? This should be making Bitcoin
• 6:27
  RIP right now. Again, you know, rehashing some
• 6:30
  of the stuff we got a lot more. And I'm again, I said it in the
• 6:34
  throughout the whole year, I'm not the biggest fan of
• 6:36
  regulatory clarity, but that's what the industry asked for.
• 6:39
  Price would dump. I know we got the SEC kind of on
• 6:42
  our side, CFTC kind of on our side.
• 6:45
  Of course, the Trump administration on our side,
• 6:47
  Scott Besson hanging out at Bitcoin bars.
• 6:50
  Like everything was kind of going in our direction in terms
• 6:54
  of a lot of the foundations built for Bitcoin to take the
• 6:58
  next step forward. I know there was a kind of
• 7:01
  conversation going on earlier in the year where Bitcoiners were,
• 7:05
  I think maybe mad about the institutions coming in.
• 7:08
  They were looking at the space and being like, oh, Bitcoin's
• 7:11
  selling out. This is not what we wanted, you
• 7:13
  know, cypherpunk, revolution, etcetera, etcetera.
• 7:16
  And then there was the other faction that was basically
• 7:18
  saying, I think Bitcoiners knew that this was the inevitable way
• 7:21
  that Bitcoin would take over. Now, of course, even though we
• 7:24
  got a bunch of good news, especially all starting with
• 7:28
  Trump announcing their pro, you know, in quotes pro Bitcoin term
• 7:33
  here. It really sparked the wave
• 7:36
  around the world. We we literally saw other nation
• 7:40
  states start to make moves, sovereign wealth funds start to
• 7:42
  make move, you know, Wall Street go full force into it.
• 7:45
  And so I I really do believe it does feel like a maybe crossing
• 7:50
  the Rubicon moment like this is Bitcoin entering the mainstream.
• 7:53
  This is Bitcoin growing up maturing as a money, as an
• 7:58
  asset. And at the same time, what we
• 8:01
  did see, which is one of the more bullish things and and I am
• 8:04
  going to touch on kind of the the the politics around Bitcoin
• 8:08
  this year. But what we did see that I
• 8:10
  thought was extremely bullish throughout the year was how
• 8:14
  resilient the Bitcoin price was. Obviously, we did hit an all
• 8:18
  time high. There's been a lot of theories
• 8:20
  on why Bitcoin, you know, barely broke out past all time highs
• 8:25
  and you know why we are currently stuck in this 80 to 90
• 8:28
  UK range. But on the flip side, what we
• 8:32
  did see this year was literally hundreds of thousands, again,
• 8:37
  hundreds of thousands, if not like 1,000,000 coins hitting the
• 8:41
  exchanges either from OG sellers going into Wall Street products
• 8:45
  or maybe them just kind of locking in some games knowing it
• 8:49
  was going to top at 1:26. And at the same time, Bitcoin
• 8:52
  has been essentially a stable coin all year.
• 8:55
  If you look at the past in bitcoins price movement and bear
• 9:00
  markets and like huge sell offs, Bitcoin has dwarfed all of that
• 9:05
  this year and still maintained a very strong price base.
• 9:09
  So even though we didn't see Bitcoin go absolutely parabolic
• 9:14
  this year, which is, you know, I'm, I was wrong.
• 9:16
  I'll eat my cake on that one. You know, I know there's a lot
• 9:20
  of Bitcoiners that will kind of cope with the idea like one
• 9:23
  Bitcoin equals one Bitcoin, bro. I'm like, yeah, that's cool, but
• 9:25
  my purchasing power is down like what?
• 9:27
  You know, yeah, one Bitcoin equals one Bitcoin, but I'd like
• 9:30
  my purchasing power to increase over time.
• 9:33
  And we didn't see that this year.
• 9:34
  I, I think I saw this morning what we're down like 7% on the
• 9:38
  year or something like that. I, I can Fact Check that, but
• 9:41
  essentially it does feel like 2025 was the bear market this
• 9:45
  year. Now it will be completely
• 9:47
  unprecedented if we see another red candle on 2026, which would
• 9:52
  fundamentally break every Bitcoin model.
• 9:54
  And then we really have no clue what's going on here.
• 9:56
  We, we're really going to be scrambling to understand what is
• 10:00
  happening in Bitcoin. But personally, I, I'm not, I'm
• 10:03
  not so convinced that's going to happen.
• 10:05
  And so again, Bitcoin has eaten up so much selling this year and
• 10:12
  we're still roughly hanging out around 100K, which we've never
• 10:16
  seen that happen before. If we saw the amount of Bitcoin
• 10:19
  dumped in the past, like we would be at like 1K if there
• 10:23
  wasn't this incredible amount of Bitcoin buying from these very
• 10:28
  big institutions, from the very people that you may not like,
• 10:31
  but they're here, they want to acquire Bitcoin.
• 10:34
  I fundamentally believe they were trying to shake you out of
• 10:36
  your Bitcoin position. And I think it worked for the
• 10:39
  most part on a lot of people. I, I think they did a very good
• 10:41
  job of entering the market, 100K, getting a 2030% discount.
• 10:46
  And now we'll see what happens going into 2026, but before, you
• 10:50
  know, we do start making our 2026 predictions, the politics
• 10:55
  stuff. Look, you guys know me, at the
• 10:58
  beginning of the year, I was, I was way more skeptical around
• 11:02
  Bitcoin and politics than Nico was.
• 11:04
  And then kind of as we saw all this news start to roll out, I
• 11:09
  did get a little more bullish. You know, I did get a little
• 11:11
  hopeful. I'm like, oh, this sounds good.
• 11:13
  All of this sounds really good. I'm totally on board with people
• 11:17
  embracing Bitcoin because that's what I want to see.
• 11:19
  I want to see more people using Bitcoin and I thought for, you
• 11:23
  know, maybe the first half of the year, like, oh, more people
• 11:26
  are going to wake up to the fact that they need Bitcoin.
• 11:29
  What did we see happen this year?
• 11:30
  It seemed like retail was nowhere to be found.
• 11:33
  Wall Street entered the space. Retail completely checked out.
• 11:37
  And you can argue there's probably a few different, you
• 11:40
  know, reasons for that. I think the main 1 was the last
• 11:44
  couple of cycles, they probably all got absolutely wrecked with
• 11:46
  shit coins. And not only that, the economy
• 11:49
  is kind of struggling for most people.
• 11:51
  So they're looking at Bitcoin like, yo, I'm not trying to get
• 11:54
  rug pulled. I can barely feed my family
• 11:56
  right now. Like, what are we talking about?
• 11:57
  I, I'm not going into this thing.
• 12:00
  So again, retail or yeah, retail has been gone.
• 12:03
  Institutions have been eating up all the Bitcoin, and so it
• 12:07
  really kind of made me wonder around the summertime of all
• 12:10
  right, well, is all of this actually good for Bitcoin?
• 12:13
  I think that's kind of the big question that we're all asking
• 12:15
  ourselves. It's like, is it good to have
• 12:18
  politicians start to embrace Bitcoin?
• 12:21
  And you guys saw me like I think it was like a month ago or no,
• 12:24
  actually like 2 weeks ago, I like completely crashed out.
• 12:27
  I was like, yo, I'm tired of Bitcoin and politics.
• 12:29
  Like they haven't done anything good for us, though obviously I
• 12:33
  was being a little harsh. They have done some good things,
• 12:35
  but. But it's, it's been on the edges
• 12:38
  and it like it's been on the edges and it really like it's
• 12:45
  been on the edges and it comes with conditions, right?
• 12:48
  It's conditional, right? And I have some really
• 12:51
  interesting like source material from you guys from Davidson,
• 12:57
  which again, pro Bitcoin candidate in the house or or
• 13:02
  house representative and he has some takes.
• 13:05
  And then I have a take from Marjorie Taylor Green Marjorie
• 13:07
  Taylor Green's not going to be running for re election next
• 13:10
  year. She essentially got pressured
• 13:12
  outside of the house. And Marjorie Trailer Green was
• 13:15
  one of the strongest kind of like America first proponents,
• 13:18
  right? Like she was extremely popular,
• 13:20
  extremely vocal. A lot of people knew her.
• 13:24
  And let's check out these two posts because I think a lot of
• 13:27
  the shenanigans that have happened this year, they've been
• 13:32
  promoted to the industry as being positive for the industry.
• 13:36
  But once you look underneath the hood, it isn't all that great.
• 13:41
  So let's start off with this one.
• 13:42
  What's going on in crypto? Flat or declining markets?
• 13:46
  Definitely a vibe shift. A few thoughts.
• 13:49
  Markets have stalled in my opinion, because the
• 13:51
  disintermediation use case has been effectively destroyed.
• 13:55
  In America, an account based industry offers no distinct
• 13:59
  advantage over the status quo. A toxic combination of
• 14:03
  regulatory and legal malfeasance combined with legislative
• 14:07
  inertia have caused capital flight and user avoidance in
• 14:11
  America. In 2025, Genius Act became law
• 14:15
  providing a federal framework for stablecoins.
• 14:19
  This is an account based approach favored by banks that
• 14:23
  prevents non banks from paying interest, fails to protect self
• 14:27
  custody, and by design enables a wholesale CBDC.
• 14:31
  The wholesale part is cosmetic on the bank and all of the other
• 14:36
  characteristics of a CBDC are being built.
• 14:39
  While the massive deficits that undermine the undermine the
• 14:42
  value of the dollar continue unabated.
• 14:45
  Stable coins offer the hope of more demand for U.S.
• 14:48
  Treasuries, which may help lower interest rates and more broadly
• 14:52
  distribute the monetization of federal interest payments on our
• 14:55
  massive debt and deficits. Meanwhile, the broader digital
• 15:00
  asset market still awaits passage of the Clarity Act by
• 15:04
  the Senate. Along with providing some overly
• 15:08
  cumbersome legal clarity for tokenization, tokenized
• 15:11
  commodities, tokenized securities, and tokenized real
• 15:14
  world assets, Clarity promises to fix some of the deficiencies
• 15:19
  ingenious by protecting self custody and incorporating other
• 15:23
  House provisions. Ultimately, if the Senate even
• 15:26
  passes a bill, I expect any nod to individual freedom will be
• 15:30
  cosmetic and pose no meaningful change to the account based
• 15:35
  regime. The future of money will
• 15:37
  determine the future. Without massive divine
• 15:40
  intervention. That future looks permissioned,
• 15:43
  surveilled and debased. Remember, the promise of Bitcoin
• 15:47
  was not an illiquid inflating asset, but a rather
• 15:50
  permissionless peer-to-peer payment system.
• 15:53
  With Bitcoin, no third party can could condition your access to
• 15:57
  your money and you can move it anywhere at the speed of light.
• 16:01
  Account based huddle dominance has led to some useful
• 16:04
  innovations, but they are highly threatened as already noted, and
• 16:09
  punctuated by men in jail for writing software to protect self
• 16:14
  custody and privacy. At some point the industry and
• 16:18
  government will offer digital ID to grant permission to their
• 16:21
  permission network for money. Do not be deceived.
• 16:25
  This is a 'cause this is a cosmetic illusion of freedom
• 16:29
  designed to enable more surveillance, coercion and
• 16:31
  control. We need to reject this global
• 16:35
  globalist surveillance state and return to 1st principles.
• 16:39
  No government grants you permission to transact and no
• 16:42
  government should infringe this right without probable cause and
• 16:46
  due process. Returning to this condition
• 16:49
  requires either wholesale rejection of a third party
• 16:52
  doctrine or strong legal protection, privacy,
• 16:55
  decentralized computing architecture like Bitcoin or Z
• 16:58
  cash that build trust in ways that limit surveillance and
• 17:02
  always protect self custody. I've pushed for such a future
• 17:06
  since 2017, but most of the momentum looks like account
• 17:10
  based dominance with some cosmetic nods to individual
• 17:14
  freedom. Now I want to talk about this.
• 17:16
  What does he mean by account based dominance?
• 17:20
  The whole point, The reason that Bitcoin is so powerful is it's
• 17:25
  peer-to-peer technology is its ability for individuals to take
• 17:29
  self custody. The way the government has power
• 17:33
  is it relies on intermediaries to be enforcers, right?
• 17:37
  When you have an account, right, you have an account with a third
• 17:42
  party. The way that I always describe
• 17:43
  it to people is like a bank account is essentially a two of
• 17:47
  three multi state where you hold one key, the state holds another
• 17:51
  key, and the bank holds another key.
• 17:54
  So you basically always need to ask permission from the other
• 17:59
  key holders to use that two of three multi sig setup.
• 18:02
  And that's how they get so much power over your life.
• 18:05
  Now, what's moving forward in Europe, what's moving forward in
• 18:09
  Australia is they're tying this digital ID.
• 18:12
  Australia just announced this, by the way, where in order just
• 18:16
  to access Google, you need to have a digital ID, right?
• 18:19
  And that's exactly what's moving forward.
• 18:21
  Now, what's what's disappointing about the Trump administration
• 18:25
  is regardless of all of the lawsuits and all the lawfare
• 18:31
  that he had to endure, regardless of all of that BS
• 18:36
  that we saw over the last four years, regardless of Operation
• 18:40
  Choke .2 Point O, regardless of the fact that the Bitcoin
• 18:44
  industry donated 10s of millions of dollars helping him get
• 18:48
  elected. We're still in this situation,
• 18:53
  which tells me, by the way, that the people we elect aren't
• 19:00
  really the ones making these very strong and powerful
• 19:04
  decisions. And it seems like there is so
• 19:07
  much momentum heading down this path that it's like, it's like
• 19:13
  the elections are like, you know, it's it.
• 19:15
  It's basically like, look, we're going to placate you guys.
• 19:19
  You know, we're going to make you guys feel good.
• 19:21
  Like you guys have power. You guys have the ability to
• 19:23
  determine your own fate, but what I'm seeing is like, like,
• 19:28
  you couldn't have built a better coalition even if you tried and
• 19:33
  it still failed. Like, think about this year.
• 19:36
  We had more wars. We had more involvement on
• 19:43
  foreign policy than putting America first and putting the
• 19:48
  American people first. We essentially saw a growth in
• 19:52
  the swamp, not a decrease in the swamp.
• 19:55
  The federal spending hasn't been cut like so then.
• 20:01
  But that's what he ran on. That's why we all voted for him,
• 20:06
  right? And then that leads me to the
• 20:09
  inevitable conclusion that, like, I don't think it's Trump.
• 20:16
  I think it's a system that is so entrenched.
• 20:21
  And it's so powerful because it's power, it's literally
• 20:24
  funded by this endless money printer that I don't think we
• 20:27
  have any chance of really, really getting out of this
• 20:34
  system without opting out, without using Bitcoin.
• 20:41
  Bitcoin is really the only way to fix this.
• 20:44
  And when this inevitable, the fiscal situation blows up, I
• 20:55
  can't help but to look they wouldn't be chasing these
• 20:59
  coercive mechanisms and coercive means, as Jeff Booth likes to
• 21:04
  put it, the reason the system is coercive because it's a system
• 21:08
  based on theft, essentially. It needs coercion in order to
• 21:11
  function. The reason they keep doubling
• 21:13
  down on this is because again, like the system keeps getting
• 21:18
  worse and worse and worse and worse.
• 21:20
  Like they expect you to go along, you know, be a good
• 21:25
  citizen and pay your taxes. But simultaneously, you know, if
• 21:30
  it wasn't for a 23 year old with a camera, you know, there was
• 21:35
  literally 10s of millions of dollars worth of fraud that was
• 21:38
  happening. And of course I'm talking about,
• 21:41
  you know, what was happening in, in, in Minnesota.
• 21:43
  Right here is a post by MTG. Very sad she's leaving.
• 21:48
  Another thing I'll say too is you had Bo Hines in the White
• 21:51
  House, he resigned. You had Senator Lummis, huge fan
• 21:57
  of hers. She's not running for re
• 21:59
  election. You have MTG big fan of hers.
• 22:03
  She's not running for re election.
• 22:04
  Like I'm telling you guys, like there's so many like little data
• 22:08
  points that you're looking at that you're like what's going on
• 22:11
  here, right? So MTGC is very important.
• 22:14
  Read that. Most Americans have no idea.
• 22:17
  No idea happened this past year in Congress.
• 22:20
  I voted no on Genius Act because it hands power over to banks and
• 22:24
  and federal regulatory framework of stablecoins but opens the
• 22:29
  back door for a central bank digital currency.
• 22:32
  I voted yes on Clarity Act because it protects self
• 22:34
  custody, allowing you to control your keys and stops a third
• 22:38
  party bank or exchange from freezing or seizing your
• 22:41
  accounts. But the Clarity Act is stalled
• 22:44
  in the Senate. Is that a coincidence?
• 22:47
  Like President Trump, I know you got the question.
• 22:54
  I want to see the samurai wallet guys get, you know, released,
• 22:58
  right? I want to see the Clarity Act
• 23:01
  get passed. Why is it that the Genius Act
• 23:04
  gets passed before the Clarity Act, right?
• 23:07
  It all comes down to incentives. Genius becomes law clarity and
• 23:12
  other good legislative good legislation like anti CBDC have
• 23:16
  not. The real dangers lies in digital
• 23:19
  IDCBDC and no self custody. You think you want to run a a
• 23:24
  revolt over a Somali scam daycare centers and continue
• 23:28
  funding of foreign wars? If the government puts digital
• 23:31
  ID and CBDC and control your keys you won't be able to refuse
• 23:34
  to pay. You'll only be able to comply or
• 23:38
  go away. Like this is where it's heading,
• 23:43
  like the whole world is heading in this direction.
• 23:46
  And it's interesting because we, the American people, explicitly
• 23:52
  voted not to head in this direction.
• 23:56
  But the people in charge behind the scenes, the bureaucrats,
• 24:03
  they have so much power that I think I would even go on a limb
• 24:07
  that they purposely sabotage Trump's first year to get the
• 24:12
  Republicans out of power in the House in 2026.
• 24:16
  Because what did they do? They would have won 2026 with
• 24:20
  flying colors if they just did all the things they promised
• 24:24
  instead of focusing on more wars, more spending more this,
• 24:29
  more that. I was promised number go up.
• 24:33
  I was promised that Bitcoin was going to go to the moon.
• 24:36
  Dude, we were promised 150 early early in this presidency.
• 24:40
  And none of that happened, right?
• 24:42
  So again, it goes back to kind of first principles.
• 24:46
  It goes back to the early days of Bitcoin where we were, you
• 24:50
  know, back in 20/17/2018 where we had no approval from the
• 24:55
  powers that be. But we need to go back to that.
• 24:59
  We need to go back to the idea of self custody.
• 25:01
  We need to go back to the idea of really reclaiming back your
• 25:05
  financial sovereignty using Bitcoin the way it's meant to be
• 25:09
  used, which is peer-to-peer, which is you're taking self
• 25:13
  custody of your, of your keys. They're for your wealth, they're
• 25:17
  for your future. If you don't do that, you're
• 25:20
  going to like it. It seems like this election had
• 25:23
  no, no consequence. And I'm not blaming Trump.
• 25:26
  I think there's a tremendous bureaucratic system, the deep
• 25:30
  state, the administrative state that puts a tremendous, it, it,
• 25:34
  it, it, it literally boxes him in.
• 25:38
  Like, it's like he's a figurehead.
• 25:40
  And he's definitely better than the previous figurehead and from
• 25:43
  the regulatory perspective, but there's only so much he could
• 25:45
  do. That's my theory of the case.
• 25:48
  Man, I don't know. So I finally got you to the dark
• 25:52
  side. I guess, like I guess I guess
• 25:55
  I'm taking the black pill because like dude, like we, you
• 25:59
  could not have sent a better coalition into government even
• 26:04
  if you tried and it still didn't do anything.
• 26:07
  Yeah, Nikka, while you were going right there, it kind of
• 26:11
  sparked 2 ideas. The first one is obviously I'm
• 26:18
  a, you know, peer-to-peer self custody maxi.
• 26:20
  I I believe that that's the way I think what this year did kind
• 26:24
  of show us is that most people really either they don't
• 26:28
  understand what self custody is, they're afraid to do it, or they
• 26:31
  just don't care. And I think that is one of the
• 26:35
  more kind of black pill observations that we saw this
• 26:39
  year is like Wall Street comes in, everyone just starts buying
• 26:44
  ETFs and, you know, buying Bitcoin treasury companies.
• 26:47
  And the whole year we've been screaming, it's like, yo, all
• 26:50
  you need to do is buy Bitcoin and take it in the cold storage,
• 26:53
  hold the keys for yourself. And, and everyone's like, yeah,
• 26:56
  yeah, cool story, bro. I want to buy these Bitcoin
• 26:58
  treasuries. I want to buy these ETFs.
• 27:00
  And, you know, maybe it's because that's just what they're
• 27:03
  familiar with. Maybe it's because they don't
• 27:05
  understand what the implications are where they can actually get
• 27:08
  hurt doing it. Or, you know, people just want
• 27:11
  convenience and they're lazy and they just like they don't want
• 27:15
  to kind of take those quote UN quote unnecessary risk and do
• 27:19
  something that they're unfamiliar with.
• 27:20
  I don't know, the whole year we've been watching and being
• 27:23
  like, man, why is everyone buying all this stuff?
• 27:26
  They should just be buying Bitcoin directly.
• 27:27
  Like where's the spot Bitcoin? Of course, we had the paper
• 27:30
  Bitcoin summer meme going on all year long and, you know, it was
• 27:35
  a good meme because that's exactly what happened.
• 27:37
  Now, the second part of it is I think the kind of silver lining
• 27:42
  of all of this, like all the things that Nico kind of laid
• 27:45
  out, you know, the more optimistic view of what we saw
• 27:49
  happen in 2025, I think is that many people are waking up to the
• 27:55
  fact that the institutions are losing trust right now.
• 27:58
  A lot of people are losing trust in these institutions.
• 28:01
  And it's it's really, you know, overall, probably probably going
• 28:04
  to be a lot more pain before it's better.
• 28:06
  But from a Bitcoiners perspective, from someone that's
• 28:09
  been doing this since 2017, or rather, I've been doing this
• 28:12
  since I was like 18 before I even found Bitcoin, I was never
• 28:15
  really the biggest fan in the institution.
• 28:17
  I never really trusted any of the official kind of narratives
• 28:22
  institutions, kind of the official Overton Window
• 28:26
  perspective of things. I've always been the contrarian
• 28:28
  black sheep of my friend saying like, bro, this is all fake,
• 28:31
  this is all broken. And what I did see throughout
• 28:35
  the year was many, you know, for lack of better terms, just like
• 28:39
  normie's looking at everything and they're they're going
• 28:43
  through the kind of the initial phase of, you know, like denial.
• 28:47
  They're like, no, but we can fix this.
• 28:49
  Like if we just have more government, we can fix this.
• 28:52
  If we just vote the right people in place, we can fix this.
• 28:55
  If if only the the smart right people were in control of the
• 28:58
  money, we can fix this. And I think by the end of the
• 29:01
  year, a lot of people are waking up to like, it's either that the
• 29:06
  system is so broken, it's unfixable, or the system is
• 29:10
  designed in such a way that we, the people lose out.
• 29:13
  And that's not just in America, that's just in general,
• 29:15
  globally, around the world. And so like the more optimistic
• 29:19
  view of this, in my opinion, if maybe 2025, not just in terms of
• 29:24
  Bitcoin, like 2025 in terms of Bitcoin, I think it was
• 29:27
  definitely a foundational year. It was definitely a year that
• 29:31
  things changed. But from like a global
• 29:34
  consciousness perspective, maybe 2025 was the year that people
• 29:40
  essentially wake up on on a mass scale to not only the
• 29:44
  corruptions, but the cracks in the system and that things need
• 29:47
  to change. I think that's been kind of one
• 29:49
  of the bigger things I've seen definitely from both sides of
• 29:52
  the aisle in politics, Like people that are really
• 29:54
  political, they're like, yo, even if we get our people in
• 29:59
  this, nothing's going to change. Like what's the point of this?
• 30:02
  We need something different. And so that's kind of my more
• 30:05
  like silver lining take on all this.
• 30:07
  I think a lot of people are finally waking up to just what
• 30:11
  where we actually are right now. And I think next year might be
• 30:16
  more in alignment of people waking up to what are the steps
• 30:20
  that we actually need to, you know, prosper, live better to
• 30:24
  actually change things. And of course, from our
• 30:26
  perspective, we think it is mainly not mainly obviously it's
• 30:30
  one of the pillars is Bitcoin. It's like you need a better
• 30:33
  money it. Is it is the only pillar guys
• 30:36
  and, and I'll say this like 2025 was the year that essentially we
• 30:45
  discovered, you know, the, the, the, the collective
• 30:48
  consciousness except for Opti, I guess.
• 30:52
  We did 42 IQ wins. I'm I was ahead of the curve.
• 30:55
  I. Have completely lost faith in
• 30:59
  the ability for elections to actually change the direction of
• 31:05
  the country like it. It's impossible.
• 31:09
  The system is too entrenched. It's powered by the money
• 31:13
  printer that misaligns the incentives.
• 31:18
  Bitcoin fixes this, but not in the traditional sense.
• 31:21
  Bitcoin fixes this only if the majority of people who are
• 31:26
  buying Bitcoin as individuals are taking that Bitcoin and
• 31:30
  taking it into self custody. If enough of us do that, we will
• 31:35
  fundamentally change the system without having to even go
• 31:39
  through the system, right? Which is why you see them
• 31:44
  scrambling and running at full speed to really launch the
• 31:48
  central bank digital currency system tied to the digital ID.
• 31:53
  And then what they want you to do is because they don't even
• 31:56
  want you accessing the Internet without having your ID tied to
• 32:00
  that, right? And the reason they don't want
• 32:03
  you doing that is because, again, they're getting
• 32:05
  embarrassed on social media left and right.
• 32:08
  You see politicians basically, you know, say a certain
• 32:11
  narrative about what's going on and then and then all of a
• 32:16
  sudden they're getting debunked on the Internet by, by, you
• 32:19
  know, 23 year olds or 24 year olds with a, with an X handle
• 32:22
  and a large following, right? They don't even want that.
• 32:25
  They want to go back to the old world where essentially they
• 32:28
  were able to control the narrative with the legacy media
• 32:31
  outlets. I think one of the things that
• 32:33
  we've learned over the last four to five years is that legacy
• 32:36
  media is not in the business of telling people what the news is.
• 32:41
  They're in the business of narrative control, right?
• 32:45
  And This is why social media has become so popular.
• 32:48
  This is why Joe Rogan has become so popular.
• 32:50
  This is why individual podcasters have become so
• 32:53
  popular. Now, I think we've made
• 32:55
  tremendous progress there in that disintermediation.
• 32:59
  But the battle to come is the disintermediation of money.
• 33:03
  And I think right now, this year, we've actually regressed
• 33:08
  more than the progress that we were making under the Biden
• 33:12
  administration because at least during the Biden administration,
• 33:14
  we understood that we were being attacked.
• 33:18
  We thought we Trojan horse them. What in reality happened?
• 33:23
  We got Trojan horse as an industry.
• 33:26
  There has never been a year today than less people taking
• 33:31
  self custody than less people using individual wallets.
• 33:34
  The ETF, it's a it's a Trojan horse for slavery, right?
• 33:40
  The Bitcoin treasury companies again, it's what is Simon Dixon
• 33:45
  call of this. These are tools.
• 33:48
  Financial mass destruction. Financial mass destruction and I
• 33:52
  think Bitcoiners and I'll, I'll be first to say this, right, we
• 33:57
  got bamboozled this year. We we got in the room in DC, but
• 34:02
  I don't think people realize how powerful DC is.
• 34:05
  I don't think people realize how much influence DC has, right?
• 34:11
  And there's only a couple of people in the House, I don't
• 34:14
  even know in the Senate. In the Senate, again, we lost
• 34:17
  the Bitcoin senator. We lost her.
• 34:20
  She's not running for re election next year.
• 34:22
  Like, it's a big disappointment, very, very big disappointment.
• 34:27
  And, and, and again, I'm not blaming Senator Lummus.
• 34:29
  I think she's done such an, she's done such an incredible
• 34:33
  job and, and work for our industry.
• 34:35
  But again, she's going like, it's like she's pushing a stone,
• 34:41
  She's trying to push it. She's, she's not only trying to
• 34:44
  climb at Mount Everest, she has literally £100 on her back while
• 34:49
  trying to climb Mount Everest at the same time.
• 34:51
  Like that's the task at hand, right?
• 34:55
  And, and the way that the Senate is, is structured, the way that
• 34:58
  the House is structured, it's like it's not just about having
• 35:01
  one pro Bitcoin candidate. You need the majority of
• 35:05
  Bitcoin, you need majority of Bitcoin candidates.
• 35:07
  And it's deeper than that. You need the majority of these
• 35:13
  politicians being actual Bitcoiners because I think what
• 35:21
  happened and I think the clash that happened was it's it's not
• 35:25
  about being pro Bitcoin, it's about being a bitcoiner because
• 35:30
  if you're not if you're not a bitcoiner, you fundamentally
• 35:34
  believe that the dollar system still works.
• 35:37
  And that's the problem. That's the problem.
• 35:40
  And I think that's what we learned this year, man.
• 35:43
  You know, so if we are to get like a, a synopsis of 2025, like
• 35:49
  what, what the hell happened? It's that I think we've come to
• 35:53
  the inevitable conclusion that, listen, you're not going to
• 35:57
  change this system from within. It's not going to happen.
• 36:01
  It's too powerful, it's too structured, it's too entrenched,
• 36:05
  it's too well funded. It does not matter.
• 36:09
  It's going to do whatever it can and will do in order to ensure
• 36:14
  that it still has a complete control and monopoly over money.
• 36:19
  That's what's that's the inevitability.
• 36:21
  That's what's going to happen. That's what this year proved.
• 36:25
  And it also proved that it doesn't matter who you elect in
• 36:28
  how powerful the coalition is. It doesn't matter.
• 36:31
  I mean, you saw this, you saw Dan Bongino going into the FBI
• 36:36
  and everyone was super pumped because, you know, this guy was
• 36:41
  basically saying all the quiet part out loud on his podcast and
• 36:45
  we're like, oh man, this is so awesome.
• 36:47
  I'm so pumped. This is going to be fantastic.
• 36:50
  This is going to be great. And then within 2-3 months
• 36:53
  later, you know, he's on a legacy media outlet and he's
• 36:56
  getting interviewed. He looks like he has that 1000
• 36:59
  yard stare and he's like, what are you talking about?
• 37:01
  There is no list. It's like, and then, and then
• 37:05
  six to seven months later, guess what?
• 37:07
  They released a list. So there was a list, right?
• 37:10
  Like, oh, and then when the list gets released, it's retracted
• 37:14
  like again, like it, it, it, it's, it's comical, man.
• 37:18
  But again, I, I can't, it can't be, I, I, I, I can't question
• 37:26
  the morality of Dan Bongino. I can't question the morality of
• 37:32
  Donald Trump after everything that he went through.
• 37:34
  I can't question the morality of RFK Junior.
• 37:38
  I can't question their, their, their principles.
• 37:40
  I can't question their ethics. I think they get in there, man.
• 37:44
  And that system is so entrenched, it's so bureaucratic
• 37:49
  that they just can't, they can't fight against it.
• 37:53
  That I think that's what happens, bro.
• 37:55
  It's inevitable. There's this very famous like
• 37:58
  clip of Vladimir Putin when they asked him about American
• 38:02
  politics. And he's basically like, look,
• 38:04
  here's what ends up happening. You get these amazing
• 38:07
  candidates, they get elected. They're they have so they have
• 38:10
  such high hopes for changing the country.
• 38:12
  And then all of a sudden they get a knock on the door and
• 38:16
  these men in suits come in and they say, actually, this is how
• 38:19
  things actually work. This is how things actually
• 38:21
  function. Right.
• 38:22
  Yeah, that was a crazy glib. So like, I, I think this is
• 38:25
  exactly what happened to the Trump administration as well,
• 38:28
  man. Because think about it, what
• 38:30
  changed from January to now? Like, how did you like, unless
• 38:34
  you're trying to make the argument that he essentially
• 38:36
  lied to us the entire time. He lied to get elected.
• 38:40
  You maybe you could make that argument.
• 38:42
  I just might make that argument anyway.
• 38:46
  Anyway, before we before we go to the next segment, Nico let
• 38:50
  let's do, let's do a quick. What do you think's going to
• 38:55
  happen in 2026? I'm feeling bullish for 2026.
• 38:59
  I I don't think we're going to have a a red year.
• 39:01
  We might see some volatility in Bitcoin, but I think we're going
• 39:04
  to end the year positive. I think that someone saying Nico
• 39:10
  getting on the Simon Dixon Choo Choo train absolutely man.
• 39:13
  I mean Simon Dixon ogi think he's way ahead of us on the on
• 39:18
  this end. For me, it's a black pill year.
• 39:20
  Opti's been black pilled since. I've been, I've been very not
• 39:26
  black pilled, I've been very orange pilled all year long.
• 39:29
  I just wasn't the biggest fan of politics.
• 39:33
  OK, so 2026, where do you think we're going, Nico?
• 39:37
  I think we, I think the four year cycle's intact and I think
• 39:44
  that by mid next year we might start seeing Bitcoin start
• 39:47
  crawling up to higher highs. That's my base case.
• 39:52
  I don't think we're going to have a 80 to 70% drawdown
• 39:55
  because this cycle never peaked on euphoria, it peaked on
• 39:59
  apathy. So year end on red or?
• 40:02
  Yeah, a year end, year end's on green, bro, because we're
• 40:05
  starting at such a low base, we're starting at 87,000.
• 40:09
  So if you're trying to tell me like next year Bitcoin is going
• 40:13
  to be lower than 87,000 by the end of the year, I don't think
• 40:17
  that's going to be the case. But we're starting from such a
• 40:19
  low bar, bro. Like, you know, look guys, 2026,
• 40:25
  I mean, 2025 was a bear market year.
• 40:29
  Facts, right? Like we got our asses handed to
• 40:32
  us by gold and silver and the, and the stock market.
• 40:38
  There's no other way to sugarcoat that.
• 40:40
  Like that's the reality. So yeah, base case next year, I,
• 40:45
  I definitely believe we're going to be above $87,000, right?
• 40:49
  Because that like again the the year's almost over, bro.
• 40:52
  I'm I'm going to stay bullish. I think we're going to break all
• 40:54
  time high next year. I'm just I'm being contrary at
• 41:02
  this point if he's gonna be embarrassed.
• 41:03
  Hey, we're breaking all time high next year.
• 41:05
  You heard it here first, alright?
• 41:06
  Everybody, we still have a great show in front of us.
• 41:09
  We got some clips for you guys. We got this interesting story
• 41:13
  coming out of Iran. And then the culture, we're
• 41:17
  gonna go down memory lane, talk about how it was for simply
• 41:21
  Bitcoin as a media company. And what we've experienced is
• 41:24
  the UPS and the downs. So we're gonna be right back in
• 41:27
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• 43:39
  Hi everybody, we are back at the time of recording the Bitcoin
• 43:42
  prices $87,820. The block height is 930, 307
• 43:49
  market cap 1.75 trillion. Bitcoin versus gold market cap
• 43:53
  5.69%, declining from all time high -30.4%.
• 43:59
  So interesting clip for you guys.
• 44:04
  I have a clip from Ray Dalio and Ray Dalio in one of his latest
• 44:09
  interviews says that BTC is unlikely to be held by central
• 44:12
  banks. So I'm going to play the clip
• 44:15
  and then I have a clip from Jamie Dimon.
• 44:17
  So let's check it out. View crypto and the world of
• 44:21
  Bitcoin. Bitcoin is limited in supply and
• 44:26
  it's perception of money. It is a form of money.
• 44:29
  It's perceived as money, as a store hold of wealth that is
• 44:34
  unlikely to be significantly held by central banks and many
• 44:39
  others because of a number of problems it has.
• 44:44
  It can't. Transactions could all be
• 44:47
  followed in Bitcoin. One can monitor what the
• 44:50
  transactions are, governments can monitor what the
• 44:53
  transactions are, and governments can interfere with
• 44:56
  those transactions, just like we talked about earlier when we
• 45:00
  talked about, you know, gold is the only asset that you can have
• 45:04
  that they can't mess with and control.
• 45:07
  You've got it. OK, That's not true of Bitcoin.
• 45:10
  And then there are. What's this boomer talking
• 45:13
  about? And here's a video of Jamie
• 45:18
  Dimon. Blockchain is real.
• 45:20
  It's been around for quite a while, but now it's becoming
• 45:23
  more effective, more efficient, because people are finding ways
• 45:25
  to do it faster and cheaper. Permission or not permission,
• 45:29
  smart contracts I think will probably be real.
• 45:34
  Yo what year are we in dude? It's like 2016 all over again.
• 45:39
  Here's the thing. Those.
• 45:40
  Are that's crazy. Those are.
• 45:41
  The people in power. These are the smartest dudes in
• 45:43
  the room. These.
• 45:44
  Are the people in power? These are the people that have
• 45:46
  all the influence and like, this is what they're saying.
• 45:50
  You know all I heard because it was like Charlie Brown.
• 45:54
  All I heard was Ray Dalio say Bitcoin is money.
• 45:57
  That, you know, everything else was bullshit.
• 46:00
  That's all I heard. But no.
• 46:03
  But Ray Dalio's interesting because he's like you.
• 46:05
  The problem with Bitcoin is that it's completely transparent.
• 46:09
  I know that's more like a feature, not a bug bro.
• 46:12
  So what are you saying you need? Off and then you can stop
• 46:15
  transactions like and you. And then you can't stop gold
• 46:19
  transactions. Yeah, you could totally like,
• 46:22
  you know, attack a ship transporting gold.
• 46:25
  That's like literally what war does.
• 46:28
  Yeah, yeah, no comment. Yeah, it's crazy.
• 46:31
  All right, guys, look. So.
• 46:34
  You know, I'm boomer friendly. I'm a boomer friendly person.
• 46:37
  I love boomers, but dude, we got to get the boomers out in
• 46:41
  control right now. They don't understand what is
• 46:42
  coming, bro. It's like it's like boomers on
• 46:45
  Facebook with the AI slop. Like I think it's real, bro.
• 46:49
  It's like we're seeing the same thing happening in in finance
• 46:53
  right now. They they fundamentally don't
• 46:55
  understand the technology that that is coming.
• 46:58
  Though I do think Jamie Dimon, I actually, I do think they
• 47:02
  understand it. They just don't understand like
• 47:04
  the tech aspect of it. I think they understand the
• 47:06
  concepts of it. And Jamie Dimon, I think it's
• 47:10
  more interesting in, in the sense that it, if you listen to
• 47:13
  what he's saying, he's basically saying like blockchain all the
• 47:16
  things, tokenize all the things. It's like we're, we're back to a
• 47:19
  20/16/2017 shit coin cycle. But just from a Wall Street
• 47:23
  level, like it's, it's absolutely insane.
• 47:26
  We, we, we saw they want to tokenize all the things now.
• 47:30
  And as Bitcoiners, we're just sitting here like, bro, just
• 47:35
  just use Bitcoin, just just use normal tools, but have Bitcoin
• 47:39
  be the money and that we're good to go, like, and we win, OK, And
• 47:43
  we all live better. It's not that difficult.
• 47:47
  Yeah, anyways, I do want to give a shout out to thank you for the
• 47:51
  754 Sats that have been zapped to us on on Primal.
• 47:57
  So shout out to shout out to Jason and and Vampire.
• 48:03
  But yeah, Speaking of vampires, these people are vampires.
• 48:06
  Bro. You know, and they have all the
• 48:10
  power, they have all the wealth and just, you know, it's, it's
• 48:17
  crazy, It's crazy. But at least this year kind of
• 48:20
  exposed incentives. And I think that's the kind of
• 48:23
  the silver lining out of all of this out of going through all
• 48:25
  this. Anyways, on a more positive
• 48:27
  note, we got an interesting case study.
• 48:30
  Is it really that much more positive though?
• 48:32
  Yeah. Of course, on a more positive
• 48:34
  note, we got a more we we have a very interesting case study,
• 48:39
  specifically what's going on with Iran.
• 48:43
  The Iranian economy is not doing so hot.
• 48:46
  So what does the government do? Capital controls are kind of
• 48:49
  like, you know, doubling down on all of that stuff.
• 48:52
  And this is where Bitcoin shines.
• 48:54
  This is what it's all about, right?
• 48:56
  This is what it's all about. This is what Bitcoin was made
• 48:59
  for. And I want to go back to those
• 49:02
  fundamentals because those fundamentals are what Orange
• 49:05
  pulled me originally. I remember seeing Andreas
• 49:09
  Antonopoulos and all his lectures, They're still up
• 49:12
  online. You could find them and they
• 49:14
  were so good. And it was all about freedom.
• 49:17
  It was freedom, money. It was about taking back your
• 49:20
  sovereignty, reclaiming back your freedom through Bitcoin in
• 49:24
  self custody. And I think that this year, a
• 49:27
  lot of those, a lot of that message was forgotten.
• 49:30
  And we're bringing it back. We're bringing it back.
• 49:33
  So we're going to continue beating the battle drum and
• 49:38
  continue to remind you guys why Bitcoin and self custody is so
• 49:41
  important and why it's so empowering for you as an
• 49:45
  individual. Anyways, we're going to be right
• 49:46
  back in just a bit. I want to give a shout out to
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  our partner Leaden. The.
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• 52:37
  All right everybody, let's get into today's article.
• 52:40
  Let's check this out. Iran's currency woes spark
• 52:44
  violent violence and protest in Tehran, Iran Iranian authorities
• 52:49
  aggressive measures Wednesday in an attempt to halt the nosedive
• 52:53
  of the country's currency, making arrests, vowing to stamp
• 52:57
  out sidewalk money changers and warning merchants against
• 53:01
  fueling the mounting public anger over the economy.
• 53:04
  There were unconfirmed reports of sporadic violence.
• 53:07
  Associated Press photos showed riot police blocking a street
• 53:11
  with the charred hulks of of a garbage can and a motorcycle
• 53:14
  that had been set on fire. Smoke was rising from the area
• 53:18
  in central Tehran near the main bazaar.
• 53:20
  The sweeping responses to the freefall of the rile, which has
• 53:24
  lost more than a third of its a third of its value in a week,
• 53:28
  underscored the worries for Iranian leaders after months of
• 53:32
  dismissing the Wet's economic squeeze seeking to rein in
• 53:36
  Tehran's nuclear program. A declining currency causes
• 53:40
  shifts in an economy, such as making imported imported goods
• 53:44
  more expensive. Although the currency crisis is
• 53:48
  blamed on a combination of factors, including internal
• 53:51
  government policies, the rush to dump Rios Rios appears to
• 53:57
  reflect an underlying perception that international sanctions
• 54:01
  have deepened problems such as runaway inflation and soaring
• 54:05
  prices for imports, and that the only safe hedge is to grab
• 54:09
  dollars or EUR. If the economic turmoil
• 54:12
  intensifies, it could boost pressure on the ruling system
• 54:16
  before elections next June to pick president, the next
• 54:20
  president's successor. That has the potential to hinder
• 54:24
  nuclear talks with the West until after the elections.
• 54:27
  One of the president's main critics, Parliament speaker, has
• 54:32
  led to the calls to blame the currency crisis mostly on
• 54:35
  allegedly misguided government monetary policies.
• 54:39
  Anyways, look, I'm going to tie this with Bitcoin like we always
• 54:47
  do if you're in Iran. I've spoken to Iranian
• 54:51
  bitcoiners also, regardless of the country being sanctioned or
• 54:58
  going through any type of, you know, political situation, you'd
• 55:04
  be OK cuz you have Bitcoin. You wouldn't have to deal with
• 55:08
  1/3 of loss of your purchasing power.
• 55:10
  You wouldn't have to deal with the fear of your account getting
• 55:13
  frozen because of your political opinions, your political views.
• 55:18
  You'd be able to interact with the global economy seamlessly.
• 55:22
  This is what Bitcoin fixes. This is what Bitcoin is for.
• 55:25
  I recently received a wire transfer from another country
• 55:30
  and it took seven days. It was.
• 55:33
  Wild. That it took that long.
• 55:36
  So again, I'm going to pass it on to Opti.
• 55:41
  Opti, I want to hear your thoughts on this bro, because
• 55:44
  like, you know, you hear stories like that and it's like Bitcoin
• 55:50
  fixes this. But as Bitcoiners, have we
• 55:52
  underestimated human nature? Like is Fiat like is is
• 55:57
  operating on Fiat and using Fiat part of the human condition?
• 56:03
  Like is this going to be a multi generational thing for people to
• 56:07
  understand Bitcoin and adopt Bitcoin and start using Bitcoin?
• 56:11
  Because I honestly think like, it reminds me of that the meme
• 56:15
  of like the Indian guru and he was like, democracy is by the
• 56:20
  people, for the people of the people.
• 56:24
  But the problem is that the people are regarded right?
• 56:28
  Like, is that like, you know, like Bitcoin is amazing 'cause
• 56:32
  it has absolute scarcity, it's censorship resistant.
• 56:38
  You could take self custody. But the problem with Bitcoin is
• 56:43
  that the people are regarded right.
• 56:45
  The same thing apply. Yeah, no, 100%.
• 56:50
  And look, obviously when we cover currency devaluations,
• 56:55
  when we cover hyperinflation, when we cover these stories
• 56:58
  around the world, we, we always think of them as as just humans.
• 57:03
  And you, you're always just like feeling for people that are in
• 57:08
  this position because of their governments, because of, you
• 57:14
  know, as they said in that article, really bad monetary
• 57:17
  policies, government, you know, policies that really accentuated
• 57:21
  these problems and hurt more people than they did good who
• 57:24
  just wanted like the fundamental Bitcoin thesis is like a small
• 57:28
  group of people cannot control the, the economy.
• 57:30
  They they just don't have enough information to control and make
• 57:33
  the right decisions to control a perfect outcome, though they
• 57:37
  will obviously continue to try. This is why we are bitcoiners.
• 57:41
  This is why we have outsourced our monetary policy to an
• 57:44
  algorithm. And we know how much there be we
• 57:47
  we all know when the schedule is, is playing out, there is a
• 57:51
  sense of peace knowing that, hey, no one's going to mess with
• 57:55
  this. Now, what I do find the most
• 57:59
  interesting about this is not necessarily that they lost a
• 58:02
  third of their, you know, currency value in a week, which
• 58:05
  is absolutely devastating. You know, we've heard about this
• 58:08
  stuff going on around the world in, in recent history and of
• 58:12
  course, in ancient history. Like this is, as Nico was kind
• 58:17
  of alluding to, a problem that humanity has been dealing with
• 58:20
  constantly throughout the, you know, our entire history of
• 58:24
  humanity. The thing that is probably the
• 58:27
  most frustrating when you see stuff like this happen is like,
• 58:30
  we have the tool now. Like we have something that
• 58:34
  fixes this. We have something that you can
• 58:36
  opt out to, something that will. It's literally designed to
• 58:40
  oppose this very thing. And obviously there is still a
• 58:45
  lot of pushback from normal people.
• 58:46
  There's still a lot of misunderstanding.
• 58:49
  There's still a learning curve that people need to kind of get
• 58:53
  to before they understand Bitcoin though.
• 58:55
  I have heard rumors and I obviously I, I never been there,
• 59:00
  but I have heard rumors that there is like a growing, you
• 59:04
  know, Bitcoin Iranian kind of community out there.
• 59:09
  So they are trying and I just, it's very unfortunate to see
• 59:14
  scenarios like this when it's on a mass scale, when you're out
• 59:18
  here trying as best as we can to get as many people on the exit
• 59:22
  route on the safety boat as possible.
• 59:25
  And like literally this is This is why we Bitcoin because this
• 59:28
  isn't just something that's going to happen in the Middle
• 59:30
  East. If this year was any indicator
• 59:33
  of what's going to happen everywhere around the globe is
• 59:37
  that we are all probably going to be in some form of global
• 59:41
  hyperinflationary scenarios right now.
• 59:43
  We are all going down the same path.
• 59:46
  As Lynn Alden always says, there's no stopping this train.
• 59:49
  As Larry Leopard always says, it's like the big print is
• 59:52
  coming. Though I think a lot of people
• 59:55
  underestimate just how big of a print actually is needed to just
• 1:00:00
  paper over. The scenario that we currently
• 1:00:02
  find ourselves, the bind that we currently find ourselves in.
• 1:00:05
  And so, Nico, you did ask a question, you know, is humanity,
• 1:00:13
  is this just a, a part of, of human nature here that.
• 1:00:19
  I think I'm convinced that like, most people want like they don't
• 1:00:24
  really care about freedom. I mean, if this year was any
• 1:00:28
  indication of that, I agree. I think like most people.
• 1:00:30
  Though though they do care about economics, even though economics
• 1:00:33
  is boring I think I think. Most people like they like
• 1:00:37
  they're willing to give up that freedom if it means that they
• 1:00:41
  have perceived safety. And I think that this is where
• 1:00:44
  we are, where we are Like people are asking the chat saying, hey,
• 1:00:48
  Nico, so does this mean elections don't matter?
• 1:00:50
  I say elections still do matter for sure.
• 1:00:53
  But like the like if before in the beginning of the year, I
• 1:00:59
  would say elections maybe hold 30 to 40% of importance.
• 1:01:05
  I would say taking Bitcoin into self custody is the most
• 1:01:09
  important vote you can make. And I think that I'm going to
• 1:01:13
  put 80 to 90% of importance on that and 20 to 10% on elections
• 1:01:20
  because I think that the system is too far gone for you to fix,
• 1:01:25
  fix it with a, a, a specific candidate going in there and
• 1:01:31
  changing things. I think the system is so
• 1:01:33
  entrenched that you're just, it's just not going to change.
• 1:01:36
  And I think that it's so addicted to the money printer.
• 1:01:42
  It's so that like it, it's just not incentivized to change.
• 1:01:47
  Like you had Elon Musk, someone who literally invented self
• 1:01:52
  landing rockets and self driving cars and literally, literally
• 1:01:58
  they ran him out of town, right? So again, like I think elections
• 1:02:03
  do matter, but instead of putting so much importance on
• 1:02:06
  them and we, we will talk about the midterms.
• 1:02:10
  Like it's not like it's not like they don't matter.
• 1:02:12
  Of course they matter. We we ultimately did get Ross
• 1:02:15
  free. So some good things did come out
• 1:02:18
  of that, but I think that this is a long term process.
• 1:02:23
  It's going to take many decades. It's also going to take changing
• 1:02:27
  the culture and it's also going to take more people wanting
• 1:02:31
  freedom. Like that's the reality of this
• 1:02:33
  situation because I don't think any of these politicians would
• 1:02:37
  be able to do what they're doing with the central bank, digital
• 1:02:41
  currencies, if people actually really gave a flying F about
• 1:02:45
  sovereignty, about freedom, about speech.
• 1:02:49
  I think that if the majority of people actually cared about
• 1:02:52
  those things, then we wouldn't be in the situation that we are
• 1:02:55
  in now. And a lot of what a lot of
• 1:02:57
  people have to understand, especially about the United
• 1:03:01
  States, America, and like free countries around the world, is
• 1:03:05
  that throughout most of human history, that wasn't the norm.
• 1:03:11
  The norm was always there was always a ruler, there was always
• 1:03:15
  a strong man, there was always a dictator, there was always a
• 1:03:18
  king, and he made the rules and you went along with the rules.
• 1:03:23
  The problem is that how the current system functions is that
• 1:03:28
  it hides behind the legitimacy of democracy, right?
• 1:03:36
  So essentially, oh, this is a democracy, therefore it's
• 1:03:40
  legitimate. Therefore we can do whatever you
• 1:03:44
  want, but we can do whatever we want because essentially we're
• 1:03:48
  doing it for your own good. What we've learned this year is
• 1:03:52
  that this system, it might be democratic on paper, but those
• 1:03:59
  elections really don't hold that much weight in terms of who's in
• 1:04:05
  power and who makes the rules. the United States is definitely
• 1:04:09
  not as bad as Europe, where like literally the president, Ursula
• 1:04:15
  von whatever, she's like an unelected bureaucrat.
• 1:04:18
  It's not as bad as it is in Europe, but it's still pretty
• 1:04:21
  bad. Like elections matter for sure.
• 1:04:25
  To answer your question bro, but I think that the only way we're
• 1:04:30
  really going to fundamentally change the system is by more
• 1:04:34
  people becoming bitcoiners and more people taking self custody
• 1:04:38
  of their Bitcoin. If not, I think it's just things
• 1:04:44
  are just going to get continue to get worse.
• 1:04:46
  That's my that's my honest opinion, man.
• 1:04:48
  I mean, we played you guys a video of of one of the
• 1:04:52
  Rothschilds literally saying how much control they have over the
• 1:04:56
  governments yesterday. And like five years ago that was
• 1:04:59
  essentially labeled a conspiracy theory, right?
• 1:05:02
  So yeah, anyways, let's get to the culture.
• 1:05:05
  We're going to do a simply Bitcoin 2025 recap, go down
• 1:05:09
  memory lane. We're going to be right back in
• 1:05:11
  just a bit. I want to give a shout out to
• 1:05:13
  our partner Hive Digital Technologies.
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  IO. Join today where Bitcoin meets
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  freedom. All right everybody, we are back
• 1:07:12
  2025 man, what a year for simply Bitcoin wide shot dude.
• 1:07:18
  Well, you were talking. What a what a year for simply
• 1:07:21
  Bitcoin. We broke 100K on YouTube thanks
• 1:07:26
  to you guys. So many notable interviews.
• 1:07:31
  Paolo Arduino, CEO of Tether Senator Lummus, in the beginning
• 1:07:36
  of the year, never interviewed AUS senator or gone to
• 1:07:43
  Washington, DC with the goal of interviewing AUS senator.
• 1:07:48
  So that was a crazy experience. And then interviewing, you know,
• 1:07:52
  so many notable people throughout the year, Jack Cruz,
• 1:07:55
  which you haven't dropped that episode yet, dude.
• 1:07:58
  Wait are? We gonna get the Jack Cruz
• 1:08:00
  interview in 2026? We are gonna get in 2026 and
• 1:08:03
  it's gonna be on the simply Bitcoin website.
• 1:08:05
  We'll, we'll keep you guys. We'll keep you guys informed.
• 1:08:09
  But you know, so many incredible, so many incredible
• 1:08:15
  experiences, so many interviews, so many location interviews.
• 1:08:19
  The Jeff Booth interview that we did for you guys, 300,000 views
• 1:08:23
  on YouTube, you know, building out the studio which apparently
• 1:08:28
  we launched at the top. Literally at the.
• 1:08:30
  Top of the bull market? We should have known.
• 1:08:33
  You know, Michael Saylor's 100K party, which again, we should
• 1:08:39
  have known the election of, of Donald Trump, watching the
• 1:08:43
  inauguration, a lot of high hopes and you know, simply
• 1:08:48
  Bitcoin as a business, we've grown tremendously thanks to you
• 1:08:52
  guys, thanks to our partners, shout out to our partners.
• 1:08:55
  We would not be air, we would not be on air without our
• 1:08:58
  partners and without you guys watching us.
• 1:09:00
  So we really appreciate it. It's been really a breakout year
• 1:09:04
  for us. Maybe the price hasn't broken
• 1:09:08
  out, but for us as a media company, bootstrapped, you know,
• 1:09:13
  we, it's, it's definitely come a long way.
• 1:09:14
  We're also five years old, man. Dude, we're boomers.
• 1:09:17
  We're. Five years old, five years, five
• 1:09:19
  years we've been doing this, and it's been quite a journey this
• 1:09:24
  year. And I don't know how 2026 is
• 1:09:27
  gonna top it, man, you know? So I'll wait and see, you know?
• 1:09:32
  And so many conferences, so many.
• 1:09:35
  So much traveling. That's how it's gonna change.
• 1:09:37
  Less conferences, yeah. So we're not, we're not gonna be
• 1:09:40
  travelling as much next year. We're definitely gonna be
• 1:09:44
  travelling way less next year. We're gonna be focusing mostly
• 1:09:49
  on making content and we're also working on some things with our
• 1:09:54
  website that you guys are going to absolutely love.
• 1:09:58
  But yeah, it's been an incredible year.
• 1:10:00
  So much accomplished. Again, the big highlights for me
• 1:10:03
  are the the location interviews, the Lugano interviews that you
• 1:10:07
  guys have been seeing on the channel.
• 1:10:09
  A lot of fun and interviewing some pretty notable people that
• 1:10:13
  was pretty effing cool as well And then finally the build out
• 1:10:16
  of the studio, which again that to me and Opti from like a
• 1:10:20
  psychological perspective felt so important because like we
• 1:10:24
  actually feel like we're going to work now every day while
• 1:10:27
  we're prepping the show like backstage in our green room that
• 1:10:30
  we. Wait, should we?
• 1:10:31
  Should we do the before and after?
• 1:10:35
  Remember, remember we we have a picture of, we have a picture of
• 1:10:38
  the old setup that we were using.
• 1:10:40
  Yeah, it was literally it was. It was.
• 1:10:41
  Literally like a green screen. Like before, it was a green
• 1:10:44
  screen. Like how it started, it was a
• 1:10:46
  green screen, you know, in my room.
• 1:10:51
  Literally green screens in our mother's basements.
• 1:10:53
  Yeah, literally. And then it became a green
• 1:10:57
  screen in my living room. And then it like actually, you
• 1:11:03
  know, manifested into a studio where we are now.
• 1:11:06
  So that was pretty surreal. So again, yeah.
• 1:11:12
  And then Opti has the power of of the Switcher now.
• 1:11:15
  Dangerous so. He hey, hey, don't touch my
• 1:11:17
  soundboard. Get out of here.
• 1:11:22
  If he upgraded, get out of here. Upgraded from the soundboard to
• 1:11:26
  actual. Dude, you know I can, you know I
• 1:11:28
  can do this. Guys.
• 1:11:29
  I should have done this a long time ago.
• 1:11:31
  Just no, Nico, mute him. No, I'm trolling.
• 1:11:36
  I'm trolling. All right, My, my kind of take
• 1:11:41
  away here. How could I forget Bro we were
• 1:11:45
  literally at the NASDAQ. This year?
• 1:11:47
  Oh yeah, NASDAQ crazy. Like Opti's picture behind him.
• 1:11:51
  Opti's picture behind him. Like, you know, getting.
• 1:11:55
  Looking looking like the president over here.
• 1:11:58
  Getting to be a part. Of look at it.
• 1:12:00
  Look at that stud. Getting to be a part.
• 1:12:02
  Look at that jawline on that picture.
• 1:12:06
  Getting to be a part of, you know, the launch of a of a
• 1:12:12
  publicly trade of a public like shout out to Hive, of course,
• 1:12:15
  Hive digital technologies go follow them.
• 1:12:18
  Go check them on the NASDAQ Hive.
• 1:12:22
  Getting to be a part of the ceremony and being on TV while
• 1:12:25
  they rang the bell. And what got us there was being
• 1:12:29
  Youtubers was effing crazy, bro. Like that was wild.
• 1:12:34
  That was a crazy experience. So yeah, I mean it's been a wild
• 1:12:38
  ride. It's been a wild year for us.
• 1:12:41
  Unfortunately, the the price didn't follow the wild ride that
• 1:12:45
  we. There's always next year.
• 1:12:47
  There's always next. Year.
• 1:12:49
  There's always next year. All right, 2025 recap the then
• 1:12:55
  cons. I was not the happiest at all
• 1:12:59
  these conferences. That was not fun.
• 1:13:02
  So hopefully next year we do less conferences.
• 1:13:05
  I'd love seeing you guys at the conferences, but working the
• 1:13:08
  conferences, bro, I, I'm sure if you guys saw me at the
• 1:13:11
  conferences, I'd be like laying on the floor midday, just like
• 1:13:15
  my back's hurting. It's like 12 hour days, Yeah.
• 1:13:19
  So you know that that was probably the low point for me is
• 1:13:22
  going to too many conferences. But it was fun.
• 1:13:24
  It it was good work. What, what I'm personally most
• 1:13:28
  proud of is is basically us launching the studio and from
• 1:13:33
  our, you know, company view, we like, we like 3X our views this
• 1:13:39
  year from last year. And you know, I, I don't want to
• 1:13:42
  be as optimistic next year that will 3X our views from here next
• 1:13:47
  year. But I do want to do a double, I
• 1:13:49
  would like to double our views. So I'm, I'm going to do kind of,
• 1:13:52
  you know, a neutrally bullish take on where we will be next
• 1:13:56
  year. Obviously, if we get some good
• 1:13:58
  price action next year, 2026, I, I think, I think we can blow all
• 1:14:03
  the expectations out of the water.
• 1:14:05
  As you guys saw throughout the year, you know, the Bitcoin
• 1:14:07
  being a stable coin all year long, it was kind of rough.
• 1:14:11
  We really had no clue what was going on.
• 1:14:13
  We, we were trying to rationalize and cope a lot of
• 1:14:15
  the times about what was happening.
• 1:14:17
  But Bitcoin literally going sideways or rather, you know,
• 1:14:20
  sideways in town all year long. That, that was a, a rough
• 1:14:24
  journey to say the least, especially just probably 'cause
• 1:14:28
  we were expecting it to be a parabolic year.
• 1:14:30
  But from a company perspective over here, it's simply Bitcoin.
• 1:14:35
  I think it's, it's pretty crazy to just look at what we did at
• 1:14:38
  the beginning of the year to what we're doing now at the end
• 1:14:40
  of the year. And it's been up and to the
• 1:14:43
  right or up and to the right. You know, we, we're just, we're
• 1:14:46
  gaining views. Ruston's been killing it,
• 1:14:48
  Dante's killing it. We added Sophie to the, to the
• 1:14:51
  roster. You know Oceans is is locking in
• 1:14:55
  making some really cool content. You know Nico and I spazzing out
• 1:14:59
  here in the studio like it's it's been an amazing year.
• 1:15:04
  I think this year Nico and you might have to Fact Check mirror,
• 1:15:08
  but I think this year we have been the most watched Bitcoin
• 1:15:13
  YouTube throughout the whole year yeah, that's official.
• 1:15:17
  We are literally. The most watched Bitcoin only
• 1:15:20
  YouTube channel on planet Earth for 2025.
• 1:15:25
  Let's go that. Was a.
• 1:15:27
  Very. So we, we wanna, we wanna
• 1:15:28
  maintain the dominance next year.
• 1:15:31
  I might be less humble next year if we continue to dominate.
• 1:15:34
  I know I, I, I wasn't that humble this year, but yeah, that
• 1:15:40
  feels really good, man. Like from a, from a, what we've
• 1:15:43
  done as a media brand this year. It's just felt really awesome.
• 1:15:48
  I mean, obviously, you know, creating a studio at the top was
• 1:15:50
  probably not the smartest idea, but at least it feels good
• 1:15:52
  coming to work every single day. We've added some awesome team
• 1:15:56
  members. Our views throughout all of our
• 1:15:59
  content has like minimum 3X. That's just YouTube 3X.
• 1:16:03
  I'm sure. I didn't even look at what
• 1:16:05
  happened on Twitter and Auster Rumble, you know, shout out to
• 1:16:07
  the guys over at Rumble. Rumble has been doing really
• 1:16:10
  strong shout. Out to Rumble The Rumble channel
• 1:16:14
  is blowing the F. Yeah, exactly.
• 1:16:17
  And so I really just want to continue what we've been doing
• 1:16:20
  this year, get better. And look, you guys, I, I, you
• 1:16:23
  know, you guys know, I'm, I'm in the chat with you guys.
• 1:16:26
  So I see all the criticism in the chat.
• 1:16:29
  You know, give me some time and I'll work through everything.
• 1:16:32
  I'm going to try to iterate on everything we've been doing, try
• 1:16:36
  to get, you know, our titles better, our thumbnails better,
• 1:16:40
  the show better, you know, maintain the bullishness here
• 1:16:44
  and hopefully really break out of just the Bitcoin echo chamber
• 1:16:48
  that we've kind of like really secured this year.
• 1:16:52
  So next year, that's my hope. I want to, you know, double
• 1:16:55
  everything we've been doing. Just keep doing what we're doing
• 1:16:58
  and shouts out to the Twitter team.
• 1:16:59
  You guys have been killing it. It.
• 1:17:01
  We've had a lot of shakes up this year, but I think we really
• 1:17:04
  solidified our our team members and I just want to give a huge
• 1:17:08
  shout out to every one of us over here at simply Bitcoin.
• 1:17:11
  You guys don't see everyone behind the scenes.
• 1:17:14
  We got a huge team and they're all fucking bad asses.
• 1:17:18
  They're all on the mission. They're all ride or die.
• 1:17:21
  Nico and I just gave them some rifles.
• 1:17:23
  They went up the hill and few of them metaphorically metaphoric.
• 1:17:26
  Metaphoric. And the ones that that made it
• 1:17:29
  to the top, they're goats. So shout out to all of them.
• 1:17:33
  But really before I go, because again, guys, we are going to
• 1:17:36
  take tomorrow off. I don't know if you guys can
• 1:17:39
  hear, but I am kind of sick and you know, I still might go out,
• 1:17:42
  have a couple of drinks tonight, celebrate New Year.
• 1:17:46
  But before I go, I really, really, really, really from the
• 1:17:51
  bottom of my heart want to give a huge shout out to every single
• 1:17:54
  one of you guys that is watch any any second of simply Bitcoin
• 1:17:58
  content throughout the year. Like Nico said a minute ago, we
• 1:18:01
  wouldn't be here without you guys.
• 1:18:02
  Like you guys in the chat that hang out with me every single
• 1:18:05
  day. You know even if you're trolling
• 1:18:07
  me, you still feel like family. Like you guys, you guys are here
• 1:18:12
  with us everyday. The diehards.
• 1:18:14
  I literally I love you guys. I appreciate you guys you know
• 1:18:18
  keep trolling us, keep talking shit in the chat.
• 1:18:22
  It means the world to me. All the love you guys have given
• 1:18:25
  me this year. Like, you know, Nico and I have
• 1:18:27
  said it before, like you guys changed our lives and you know,
• 1:18:30
  I, I want to do the best I can to deliver you guys value every
• 1:18:36
  single day. You know, sometimes we're not
• 1:18:38
  perfect, we're human. Some days are better than
• 1:18:40
  others, but you guys keep showing up every single day.
• 1:18:44
  That's what makes it worth it, guys.
• 1:18:46
  So help us spread the message that's gets more people to stack
• 1:18:49
  Bitcoin, have more people take Bitcoin into custody.
• 1:18:52
  Like we are going to win, guys. We are, we're going to win.
• 1:18:56
  It's just it's going to take some work.
• 1:18:58
  You know, like Nico said it in the last segment, I do believe
• 1:19:01
  this is a generational movement. This isn't just going to happen
• 1:19:05
  in four or five years. I think if you're here today, if
• 1:19:09
  you're, you know, at any age, I think we're going to be doing
• 1:19:14
  this for forever. I think maybe in like 30-40
• 1:19:17
  years we can look back and and realize like, Oh yeah,
• 1:19:20
  everyone's using Bitcoin. But as I said, at some point in
• 1:19:23
  the middle of the year, I'm like, guys, I think at this
• 1:19:26
  point we all got to lock in and realize like, we're doing this
• 1:19:30
  forever. This is our lives now.
• 1:19:32
  There is no like 05 years. It's over.
• 1:19:35
  We won. I think this is going to be, you
• 1:19:38
  know, for decades to come. So let's just hope we can we can
• 1:19:42
  make it over the finish line the next 5/10/20 plus years guys.
• 1:19:47
  So anyways, again, peace love, I love you guys, Happy New Years,
• 1:19:51
  all that good stuff. You guys really mean the world
• 1:19:53
  to us. Absolutely.
• 1:19:55
  I mean, I, I can't, I can't top that.
• 1:19:57
  So guys, happy New Year. We love you guys.
• 1:20:00
  We appreciate you guys. Thank you guys so much.
• 1:20:03
  We wouldn't be here without you. The last SBSB Live episode for
• 1:20:08
  2025. What you we'll catch you guys.
• 1:20:12
  Wait, wait, last thing, Niko, are you going to be so bearish
• 1:20:16
  next year? Let's see what happens.
• 1:20:21
  Before. We'll catch you guys next year.
• 1:20:24
  Take it easy, everybody. Today's episode was brought to
• 1:20:27
  you by bitcoinwell.com, a Bitcoin only platform on a
• 1:20:30
  mission to enable financial independence.