Latest / Simply Bitcoin / PAY ATTENTION: Are They SECRETLY Trying To BAN Bitcoin RIGHT NOW?! | EP 1331

Transcript

PAY ATTENTION: Are They SECRETLY Trying To BAN Bitcoin RIGHT NOW?! | EP 1331 · Simply Bitcoin

• 0:00
  While no one was paying attention yesterday, the US
• 0:02
  government quietly made moves that could potentially ban all
• 0:06
  private Bitcoin transactions. Is this a plan to funnel all
• 0:10
  Bitcoin users into the ETS and Bitcoin Treasury stocks, where
• 0:14
  the government can have more of a chokehold over what you do
• 0:18
  with your money? Considering the timing of all
• 0:20
  these events this week, it's hard not to be incredibly
• 0:24
  suspicious of why this is happening right now.
• 0:27
  So diving into this, of course, I'm here with Sophie.
• 0:30
  She's with me today. The rage dropped this article
• 0:33
  yesterday. There was a FinCEN hearing and
• 0:38
  they let something slip. So I am going to cover part of
• 0:40
  this article for you guys because this is where it gets
• 0:44
  kind of interesting. So the headline is U.S.
• 0:46
  government to bring Patriot Act to digital assets.
• 0:49
  FinCEN director reveals that the Treasury is finalizing a ban on
• 0:53
  privacy tools. Representatives revived special
• 0:56
  measures to fight modern threat Act again.
• 0:59
  I'm not going to read the whole thing.
• 1:00
  I just highlighted portions of this.
• 1:02
  So fencing director Andrea Gaki confirmed that the Treasury is
• 1:06
  working on finalizing the so-called mixer rule, which uses
• 1:09
  a Patriot, Patriot Act to prohibit private transactions in
• 1:13
  cryptocurrency. At the same time, Representative
• 1:16
  Noon of Iowa, let's slip that the House appears to continue to
• 1:19
  work on the Special Measures to Fight Modern Threats Act, a
• 1:23
  Patriot Act, digital asset legislation that's long been
• 1:26
  thought dead, which would solidify the Treasury's use of
• 1:30
  Section 311 to prohibit special transaction.
• 1:33
  So on the surface of this here, you may be thinking, how is this
• 1:37
  going to ban all transactions here?
• 1:39
  Obviously from the protocol level, they can't do this, but
• 1:42
  it does start to get a little interesting.
• 1:44
  So going further, in July, the White House White House asked
• 1:48
  the Treasury to finalize the so-called mixer rule, a Biden
• 1:51
  era regulation that would outlaw almost every mechanism for
• 1:54
  privacy on public blockchain for US Americans.
• 1:57
  In this week's fencing oversight hearing, Director Aki confirmed
• 2:00
  that the Treasury is currently working on finalizing the rule.
• 2:04
  And again, this isn't just about privacy tools.
• 2:06
  It's, it's got a larger scope than just that.
• 2:09
  So, quote, we are seeing more and more illegal transactions
• 2:11
  being done in crypto. Representative Liccardo claimed
• 2:14
  in the hearing, citing a study which found that out of 111
• 2:18
  examined fraud cases, 91% allegedly involved so-called
• 2:21
  decentralized finance or D5. Quote how exactly are you going
• 2:26
  to do your job when transactions move through D5.
• 2:30
  While Gakki stated that Fensen was working with blockchain
• 2:33
  analysis companies to de anonymize synonymous
• 2:35
  transactions, Likardo countered that software like mixers would
• 2:39
  allow users to evade even sophisticated detection
• 2:43
  techniques. Which is something we've been
• 2:44
  talking about here on the show for a long time that the black
• 2:47
  box boxes of these blockchain analytics companies, we really
• 2:51
  don't know what's going on. And they have confirmed multiple
• 2:55
  times that even though they use this in court cases, these
• 2:59
  blockchain analytic companies, they aren't the science that
• 3:03
  they propose it to be. It, it is a little more art than
• 3:05
  science here. They for a lot of, you know,
• 3:09
  perspectives, they they are kind of guessing and it's kind of
• 3:11
  been proven that they're 50% of the time they really don't know
• 3:15
  what's going on. Anyways, going further to
• 3:17
  alleviate Ricardo's concerns, stating that FinCEN and the
• 3:20
  treasury are quote exploring next steps on that.
• 3:23
  Since the mixer rule has already passed a notice of proposed
• 3:26
  rulemaking and public comment comments, period.
• 3:28
  It's next step would be the finalization of the rule.
• 3:32
  The delicate thing here is of course to not restrict
• 3:35
  legitimate transactions, such as by people trying to shield their
• 3:38
  activity from oppressive regimes.
• 3:40
  Again, the initial framing of this, you could argue is this is
• 3:44
  just about banning private privacy tools, of course, in the
• 3:48
  name of KYC, AM L, etcetera, to minimize financial crimes.
• 3:52
  But when you really look into exactly what they're trying to
• 3:56
  do is where you start to see the scope of what this might
• 4:01
  potentially do. So the treasury mixer rule is
• 4:04
  not so much a mixer rule rather than a blanket ban on any
• 4:07
  software and even behavior that would grant users a public
• 4:10
  blockchain transactional privacy.
• 4:12
  As such, the rule would deem the following software and behaviors
• 4:15
  a primary money laundering concern, meaning that such
• 4:18
  transactions would end up blocked by centralized
• 4:21
  intermediaries and could put an end to the development of
• 4:23
  privacy software even for non custodial wallets under the
• 4:26
  threat of criminal liabilities. These include pooling or
• 4:30
  aggregating cryptocurrency from multiple persons, wallets,
• 4:33
  addresses or accounts. Using programmatic or
• 4:35
  algorithmic code to coordinate, manage or manipulate the
• 4:38
  structure of a transaction. Splitting cryptocurrency from
• 4:42
  transmittal and transmitting the cryptocurrency through a series
• 4:45
  of independent transactions. Creating and using single use
• 4:49
  wallets, addresses or accounts and sending cryptocurrency
• 4:52
  through such wallets, addresses or accounts through a series of
• 4:55
  independent transactions. Exchanging between types of
• 4:58
  cryptocurrencies or other digital assets and finally
• 5:01
  facilitating user initiated delays in transactional
• 5:05
  activity. You can start to see the scope
• 5:07
  of what this actually means and and the potential harm can do
• 5:11
  under the guides of the protection of financial crimes.
• 5:15
  Again, while the week this weeks Vincent oversight hearing was
• 5:18
  meant to evaluate the efficiency of the agencies actions to fight
• 5:22
  financial crimes. As we covered earlier this week
• 5:25
  in regards of loosening the Bank Secrecy Act, many
• 5:29
  representatives started to pose the question on the threats of
• 5:32
  crypto currencies and that's where this got brought up.
• 5:35
  They basically were like, all right, we got to stop financial
• 5:37
  crimes. Well, what about these crypto
• 5:39
  currencies? And then this is where this got
• 5:42
  leaked and this is where they let it slip that they are still
• 5:44
  working on this. So Gaskey told Cassin that Fin
• 5:47
  Cen has been using authorities under the Patriot Act Section
• 5:50
  311 to go after specific groups in the digital asset sector.
• 5:54
  Gaki told the representative that she was very proud of
• 5:56
  Section 311 and the powerful authority that grants the
• 5:59
  government. Prohibiting specific
• 6:01
  transactions would be a way to modernize his authority.
• 6:07
  Again, the framing is specific transactions.
• 6:10
  And though you could, you know, be a little lenient in, in
• 6:14
  their, their phrasing, again, the the implications of this are
• 6:19
  a lot, lot larger than specific transactions here.
• 6:23
  It could, you could argue that this isn't as nefarious as it
• 6:26
  sounds. But again, even though we are
• 6:29
  seeing a lot of regulation and a lot of good rhetoric around
• 6:32
  Bitcoin, some of the stuff that is being proposed could have a
• 6:36
  much larger impact than the just the wording of these rules and
• 6:41
  legislation. So the special measures to fight
• 6:45
  modern threat acts would effectively grant the Treasury
• 6:48
  the power to ban any type of transaction it deemed a concern
• 6:52
  without public notice or input under Patriot Act authority.
• 6:55
  And this is where it starts to see the scope expand Here they
• 7:00
  can basically just deem anything a transaction that they don't
• 7:05
  want to see and then without notice, it is just done.
• 7:08
  And a rage contributor, Nicholas Anthony wrote quote, one likely
• 7:12
  scenario is that the Treasury would use this authority to
• 7:15
  prohibit U.S. banks from being involved with cryptocurrency
• 7:18
  transaction validated by minors located outside of the US, which
• 7:22
  now you're starting to see the scope of this or rather the
• 7:25
  broad scope of this quote. For example, if the Secretary of
• 7:29
  the Treasury deems that either a the Netherlands BA Dutch crypto
• 7:33
  exchange C all crypto transaction validated by a minor
• 7:37
  outside of the US or D all non custodial wallets are a primary
• 7:42
  money laundering, then she can swiftly make it illegal for any
• 7:46
  U.S. financial institution regulated crypto exchange from
• 7:49
  maintaining accounts for customers involving those
• 7:52
  concerns. Coin Center's Jerry Brito and
• 7:55
  Peter van Valkenberl wrote calling it a quote dangerously
• 7:59
  authoritarian approach to solving money laundering
• 8:02
  concerns. And this is probably the big
• 8:05
  kahuna at the very end. As Brito and Valkenburg noted
• 8:07
  quote, all crypto currencies are inherently global in scope and
• 8:11
  therefore any cryptocurrency transaction could credibly be
• 8:15
  related to a foreign jurisdiction.
• 8:17
  The block that it appears, it may be mined anywhere in the
• 8:20
  world, copies of all the transaction messages are
• 8:22
  broadcast all over the world, etcetera.
• 8:24
  In short, the language facially empowers the Secretary to
• 8:28
  prohibit any or indeed all cryptocurrency transactions at
• 8:32
  financial intermediaries. This is where you start to see
• 8:36
  the scope of this language where look, they may be doing this
• 8:40
  under the guise of this being, you know, beneficial to stop
• 8:44
  financial crimes, but it does sound like one.
• 8:49
  They either fully don't know how a blockchain works, the Bitcoin
• 8:53
  time chain works, or they're using this vague language to
• 8:57
  effectively, as it says in the end, block all crypto
• 9:01
  transactions that they don't deem appropriate here.
• 9:04
  It under the guise of financial crimes or protection or, you
• 9:08
  know, being associated with a foreign country, a foreign
• 9:10
  entity. And then you can start to see
• 9:13
  what is going on. This is where it's getting a
• 9:15
  little scary. This especially the day that
• 9:17
  this happened. This happened yesterday very,
• 9:20
  you know, notorious day in American history, obviously when
• 9:24
  the Patriot Act was, you know, the the guys to be launched.
• 9:28
  So that the timing is very interesting.
• 9:30
  Now, I know we've been hearing a lot of very positive pro
• 9:34
  rhetoric coming out of the Trump administration.
• 9:37
  But it is interesting because as you can see from this article
• 9:41
  and what you can tell is this is under the purview of the
• 9:44
  Treasury. Now we know Scott Besson has
• 9:47
  been very pro Bitcoin. He's been he's been very
• 9:50
  favorable of stable coins. And one of the main things that
• 9:54
  I was taking away from this is the idea a lot of us think that,
• 9:57
  you know, the government is 1 monolithic block.
• 10:00
  As we're seeing, it's not the case.
• 10:02
  There are people under the treasury that are seemingly
• 10:05
  using laws and different acts to potentially stop Bitcoin or
• 10:12
  crypto transactions from happening.
• 10:13
  Now, of course, from a protocol level, you can't actually block
• 10:19
  a Bitcoin transaction. This is why I think the the big
• 10:23
  fight right now around Knot and Core is such a big story is
• 10:27
  because this is where a lot of people are looking down the
• 10:31
  pipeline and they're wondering, wow, is this an attack here?
• 10:34
  Is this them trying to censor certain transaction?
• 10:37
  The other side saying, well, you're arguing that this can
• 10:41
  potentially censor transactions by essentially censoring
• 10:44
  transactions. And so you can see how the
• 10:46
  rhetoric right now is starting to ripple into bigger, bigger
• 10:52
  effects going around not only just in Bitcoin, but our place
• 10:57
  in the grand scheme of things. And so again, we will see what
• 11:02
  happens here. We will see what they actually
• 11:05
  push through, what their seemingly, you know, financial
• 11:09
  weapons are to control this. But it is, or rather will
• 11:16
  potentially affect the the exchanges, the intermediaries.
• 11:20
  And now I know I, I can, I can already venture to guess that a
• 11:24
  lot of Bitcoiners are just thinking like This is why we
• 11:26
  need peer-to-peer transaction. This is why we need more people
• 11:29
  using Bitcoin directly moving away from the exchanges.
• 11:33
  And I totally agree. And that's exactly what we need
• 11:36
  to do. But where we are right now,
• 11:39
  there isn't that huge grass roots adoption of Bitcoin as
• 11:43
  peer-to-peer money. And this this does, as I started
• 11:46
  this bid on lead to the question, OK, if this is where
• 11:50
  they're trying to take this, what is the end goal?
• 11:53
  And This is why a lot of Bitcoiners have been feeling a
• 11:57
  little uneasy about all of the Bitcoin that is flowing into
• 12:01
  ETFs, into treasuries, into, you know, these new Bitcoin stocks.
• 12:05
  Because we all know we've seen it happen in the past,
• 12:08
  particularly with GameStop, that if you're on these, you know,
• 12:13
  traditional financial regulated changes like Robin Hood,
• 12:16
  etcetera, or any of the big ones, it's very easy for them to
• 12:20
  cut that off. It's very easy for them to stop
• 12:23
  the trading, stop your transactions.
• 12:25
  And so the implications of this are huge in regards to all of us
• 12:29
  Bitcoiners. And this is a stark contrast to
• 12:33
  the rhetoric that we've heard come out of the Trump
• 12:35
  administration. And it does make you wonder what
• 12:37
  exactly is going on. I know we've had a lot of tragic
• 12:40
  events the last couple of weeks and and everyone doesn't really
• 12:44
  know where to look at, but I think it's very, very
• 12:48
  interesting the timing of this kind of leak to happen.
• 12:52
  It does make me feel a little uneasy of where we are going
• 12:56
  into the future. There has been a lot of talk of,
• 12:59
  you know, a dystopian, fully financial tracking transactional
• 13:06
  world where we're going on. This is one of the main concerns
• 13:08
  about digital currencies. I've said it on the show
• 13:11
  previously that are we building a gilded cage here as much as
• 13:15
  we're here for freedom of transactions, freedom of speech?
• 13:19
  There is a potential, it could be a small potential.
• 13:23
  It could be, you know, a very small percentage of what can
• 13:27
  potentially happen that we are essentially building ourselves a
• 13:31
  fully tracked system under the guise of us being pro freedom.
• 13:35
  Now, I don't believe that that's the case.
• 13:37
  I think the fact that we are very freedom minded, very
• 13:41
  adversarial thinking a group of people, This is why these tools
• 13:46
  are being made to basically combat this type of future that
• 13:50
  is a very dystopian, you know, AI surveillance system.
• 13:55
  And there is a potential for that to happen.
• 13:58
  But This is why it's super important to continue to hit on
• 14:01
  these topics, make people aware of this so we don't essentially
• 14:04
  walk into our own cage here. So again, it is a, it is a very
• 14:11
  jarring revelation to see happen, especially considering
• 14:16
  this the last few days and what's going on and the timing
• 14:20
  of it is insane. You know, on 9/11, it's it's, I
• 14:23
  would say eerie. The coincidence is very eerie of
• 14:26
  what's going on. And especially if they're
• 14:28
  talking about using the Patriot Act on digital assets.
• 14:32
  It it, it is not a turn that I want to see.
• 14:36
  Of course, I'm just a talking head here on YouTube.
• 14:39
  What, what influence do I really have except for making some kind
• 14:42
  of noise about this. But kudos to the rage.
• 14:45
  Kudos to Lola Leach. She's been on top of this type
• 14:48
  of stories for a while and I'm very glad that she covered this.
• 14:52
  And it's, it's making some noise on Twitter because the
• 14:55
  implications aren't are very unsettling, sorry.
• 15:00
  And it does make it seem like there might be some movements to
• 15:05
  potentially stifle the adoption of Bitcoin on a grassroots
• 15:08
  level, on a peer-to-peer level. So if this is where they're
• 15:11
  going and it is trying to get people to just hold ETFs, these
• 15:15
  regulated products, we all know where that is going.
• 15:18
  If there is a centralized control, a central centralized
• 15:21
  bottleneck around Bitcoin, then the adoption of it as freedom
• 15:25
  money will be Hanford. But of course Bitcoin will route
• 15:29
  around it. It might just take longer for us
• 15:31
  to do this, but I think in the face of everything we're seeing,
• 15:35
  it really just makes me think like we, we really have to
• 15:37
  button down and be prepared to fight this long term.
• 15:41
  Like the struggle we are in is a long term generational struggle.
• 15:45
  And that's been one of the biggest kind of revelations in
• 15:47
  the last few days for myself. Anyways, I've been ranting for a
• 15:50
  while. Sophie, what's your thoughts on
• 15:52
  this? It is a very, I don't know,
• 15:56
  scary, scary thing to see, to say the least.
• 16:00
  Well, this is a Biden era administration proposal.
• 16:06
  And I just, I frankly don't think that the Trump
• 16:10
  administration is going to allow for something like that to pass.
• 16:15
  I think that these people are shooting for a Hail Mary and all
• 16:21
  of the actions that have been taken so far completely
• 16:24
  contradict what these people are proposing.
• 16:28
  And I just, I really don't see how this could actually happen.
• 16:34
  And even if it did, you know, honey badger don't care.
• 16:39
  Nobody, nobody's going to stop people from buying Bitcoin
• 16:43
  because that is an unstoppable force.
• 16:45
  They can make it harder by, you know, making it impossible for
• 16:51
  big exchanges to sell Bitcoin, but you can still buy it
• 16:54
  peer-to-peer. You can still buy Bitcoin on
• 16:57
  those exchanges right now if you really want to take this
• 17:00
  seriously. So I think that, you know, the,
• 17:04
  the Pandora's box of Bitcoin has already been opened.
• 17:08
  I think these people know it, everybody knows it, and they're
• 17:11
  just shooting every shot that they can because they understand
• 17:15
  that ultimately Bitcoin is the end of their centralized
• 17:20
  financial control. And what happens when you end
• 17:23
  their centralized financial control?
• 17:25
  You end what the Patriot Act ultimately was set out to do,
• 17:29
  which was to control people and to censor them and surveil them.
• 17:35
  And once you take that, you take a very, very large power away
• 17:39
  from the government. And that's what Bitcoin
• 17:42
  initially was set out to do, was to take power away from these
• 17:45
  institutions, away from the government, away from the banks,
• 17:48
  and put it back in the hands of the people.
• 17:50
  Except that now the banks have even realized that they
• 17:53
  themselves can profit from Bitcoin, that they can also gain
• 17:58
  from everything that Bitcoin has to offer.
• 18:00
  So do you really think that people like Larry Fink are going
• 18:05
  to allow the government who, which by the way, like, don't
• 18:08
  get it twisted, all of these billionaires, they put in money
• 18:13
  like crazy to lobby for their interests in Washington, DC.
• 18:17
  Do you think that these people are going to allow for something
• 18:22
  like this to pass and lose money on something that they have been
• 18:26
  investing in for the last year? I don't think so.
• 18:30
  So regardless of, you know, what these people are proposing, I
• 18:35
  really truly believe that it is just, you know, we have to be
• 18:38
  vigilant. We absolutely have to be
• 18:41
  vigilant. And shout out to Lola Leeds for
• 18:44
  covering this because there has been so much happening in the
• 18:47
  news right now and people's emotions are so high that it it
• 18:51
  really takes somebody who is extremely focused to go out and
• 18:55
  cover this. But at the same time, I really
• 18:58
  think that, you know, if you think long term and if you see
• 19:02
  the big picture, this will not come to pass.
• 19:06
  I think it's going to, you know, get to the hands of the
• 19:09
  president. It's going to get to the hands
• 19:11
  of Scott Bessett. And he's going to say like,
• 19:14
  absolutely not with the just because of the fact that it's a
• 19:18
  Biden era proposal, they're going to shut it down.
• 19:23
  And people like Elizabeth Warren and other, but people on the
• 19:28
  other side of the aisle who are advocating for this because you
• 19:32
  know that they're all behind this.
• 19:34
  They're, you know, they're just not going to win this one.
• 19:37
  They're really not. We can hope right?
• 19:40
  We can totally hope though, like the Chad is saying they're
• 19:44
  they're trolling me like Opti Miami's Miami's crushing Opti
• 19:48
  guys. It's it's been a rough week all
• 19:50
  right for everyone and they're like he's scared now and I'm
• 19:53
  like, look, the implications are are very bad, but as our boy VV
• 19:59
  for BTC over from the Bitcoin way our boy V he's like this is
• 20:04
  this is not scary for us. This is scary for them.
• 20:07
  They are scared, they're back into a corner and that's.
• 20:09
  Basically the point I've been making for a long time is when
• 20:13
  these institutions are scared and backed into a corner.
• 20:16
  This is when you see the most vicious attacks.
• 20:18
  Now, can you say that this is an attack?
• 20:21
  I don't know, you know. I think it's a Hail Mary.
• 20:24
  That's why I. Think kind of Mary.
• 20:25
  They're, they're literally going for the ultimate like last
• 20:29
  resort and they're looking at, OK, what are all of the things
• 20:32
  that we've tried in the past to block Bitcoin from happening?
• 20:36
  Oh, we can say that they use it for, you know.
• 20:40
  All kinds of things. All kinds of things.
• 20:43
  We can say that it's used for money laundering.
• 20:45
  We can say that it's used for this, that and the third, but
• 20:48
  they don't realize that banks are the biggest money
• 20:51
  launderers, culprits of money laundering in the world.
• 20:54
  They don't realize that cash is the number one thing that bad
• 20:57
  people use to commit crimes. They don't realize that it's
• 21:01
  their own system that is funding wars and death and horrible
• 21:07
  things happening in this life. So how can they honestly look at
• 21:13
  people and say, oh, well, actually, you can do that with
• 21:17
  crypto. And so we're gonna ban it.
• 21:19
  You they gotta ban themselves. They've gotta ban themselves
• 21:22
  before they can actually, you know, seriously say, oh, we're,
• 21:28
  we're gonna, we're gonna start regulating Bitcoin and
• 21:31
  cryptocurrency. Like get out of here.
• 21:34
  It's it's so hypocritical and it's so obvious what they're
• 21:37
  doing. They're obviously trying to
• 21:39
  control people through their own system because they can't fix
• 21:43
  their own system. Because if they did, then they
• 21:45
  would lose all of this power. And once something new and
• 21:49
  revolutionary and peaceful like Bitcoin comes into power, it
• 21:53
  just completely throttles their whole entire narrative.
• 21:57
  Why not hold on Sophie? You know, it's it's good to have
• 22:03
  Sophie next to me sometimes because me and her are are
• 22:08
  symbiotic at time. We've been struggling this week.
• 22:13
  Just something it's been. It's been a week.
• 22:16
  Yeah, it's been a week, it's been a week, but this is exactly
• 22:19
  what Sophie said. This is why Bitcoin is so
• 22:23
  important. This is why we think it is the
• 22:26
  most important technology going on right now.
• 22:29
  It is freedom tech. And whether you're a freedom
• 22:31
  minded individual like we are, or you just really don't want to
• 22:35
  get impeded on by the government or you don't believe in this
• 22:38
  government overreach, like we have a tool that we can use and
• 22:42
  it's literally taking your taking your dollars out of the
• 22:46
  system and saving them in Bitcoin.
• 22:48
  And this is how we think it is a peaceful revolution to really
• 22:52
  opt out of the craziness of the world and hold a wealth that can
• 22:56
  route around all of this stuff. We've seen it route around
• 22:59
  historically basically everything they've thrown at us.
• 23:03
  And I'm just they're not going, they're not finished yet
• 23:06
  throwing stuff at us. Like, as the meme goes, you
• 23:08
  know, first they ridicule you, then they ignore you and then
• 23:12
  they fight you. Or I think I butchered that.
• 23:14
  Well, I, they and then they and then, you know, you win.
• 23:18
  Well, I think at least here on simply, we have been very
• 23:21
  hopeful. Well, we've had a lot of wins.
• 23:24
  Right. Yeah, exactly.
• 23:25
  Mean that the fight is over. I mean, I think that the fight
• 23:28
  has been very mild. I think I said that on another
• 23:31
  one of our episodes. I was like, wow, I expected us
• 23:33
  to fight a lot harder. But they just like the news has
• 23:37
  just been so positive. We might have to fight harder.
• 23:42
  That's the reality is that we might have to fight harder.
• 23:45
  It doesn't seem like it right now because the administration
• 23:48
  has been so favorable towards Bitcoin and the adoption of
• 23:52
  Bitcoin and, you know, making the United States the number one
• 23:56
  mining location on planet Earth. But you know, if we did have to
• 24:03
  fight because they will fight harder.
• 24:06
  Aline is right. She commented that then that
• 24:10
  just means that we fight harder back.
• 24:13
  I mean, when has that ever stopped Bitcoiners?
• 24:16
  When has that ever stopped the software?
• 24:19
  When has that ever stopped the network?
• 24:22
  We are the biggest network of decentralized computers in the
• 24:26
  world and nobody can stop that. Not the military, not the US
• 24:30
  government, not every government in the world combined.
• 24:33
  So no matter what they say, no matter what they report on in
• 24:37
  the news and how they scare you because that's what this is,
• 24:40
  it's a scare tactic. They want you to feel
• 24:43
  unempowered by something that is has already empowered you so
• 24:48
  much. They want you to feel like you
• 24:50
  have no other resort but to go back to the system that they
• 24:57
  want you to stay in. So don't do it.
• 25:00
  The best way that you can fight is by opting out, buying
• 25:04
  Bitcoin, keep it in, keeping it in self custody.
• 25:06
  And if you just keep doing that, if you stay peaceful and if you
• 25:10
  keep stacking Sats, you will have nothing to worry about.
• 25:14
  They cannot win because you have already won the battle by doing
• 25:19
  those three things. Absolute bars here.
• 25:24
  Yes, I think it's very important in times like this to just
• 25:28
  remember that this isn't over. This isn't completely won yet.
• 25:32
  We haven't truly won yet until everyone is using Bitcoin.
• 25:36
  So it is going to be a struggle as much as they embraced us or,
• 25:41
  you know, as as much as the little embracement we've seen
• 25:43
  around Bitcoin, like Sophie was saying, like we've been saying,
• 25:47
  like the chat is saying, there's still a long road ahead and it's
• 25:51
  not completely over. And then This is why we all have
• 25:54
  to stay as vigilant as possible. You know, remember what we're
• 25:57
  here to do. It is freedom money.
• 26:00
  It is, you know, taking back your power.
• 26:03
  It is controlling your wealth because as we all know here, you
• 26:06
  know, speech or whether money is speech.
• 26:09
  And I have a really good clip for you guys of shout out the
• 26:11
  Bitcoin news team. They did a really good edit of
• 26:13
  Naval and I'm going to play this right after this because I I
• 26:17
  think it's a perfect way to continue this conversation.
• 26:19
  So on that note, guys, of course I want to remind you guys to
• 26:22
  smash the like button comment on the show.
• 26:24
  Tell us what you think about the show and of course hit the
• 26:26
  subscriber button. We're dropping the best we're
• 26:29
  dropping the most content on YouTube.
• 26:31
  We really appreciate every single one of you guys that has
• 26:34
  subscribed that does watch our shows, all that good stuff.
• 26:37
  So also shout out to our boys over at Bitcoin.
• 26:42
  Well, go to bitcoinwell.com/simply BTC, scan
• 26:46
  the QR code. I think here, wait, wait, is it
• 26:49
  is it here? Yeah, here, here, scan the QR
• 26:51
  code. And when you sign up, you get
• 26:54
  three chances to win a million stats in the Bitcoin wishing
• 26:57
  well. When you buy Bitcoin, you get
• 26:59
  more points, you get more chances to win.
• 27:01
  When you refer friends to Bitcoin, well, you get more
• 27:04
  chances to win a million stats. And of course, the reason we
• 27:07
  love them is because they do it the right way.
• 27:09
  They have never lost Bitcoin. They will never lose Bitcoin
• 27:12
  because they never hold Bitcoin right.
• 27:14
  When your money clears, they send you Bitcoin directly to
• 27:17
  your cold storage. Again, they never hold the
• 27:20
  Bitcoin because you hold the Bitcoin.
• 27:23
  And that's what we love. That's what we're all about is
• 27:25
  ensuring and, and recommending and trying to get more people to
• 27:29
  hold Bitcoin directly outside of the system, away from these
• 27:33
  ETFs, these treasury companies, away from leaving them on
• 27:36
  exchanges. You need to control the Bitcoin.
• 27:39
  This is, this is how we continue to push this movement forward.
• 27:43
  So of course, go to bitcoinwell.com/simply BTC.
• 27:47
  On that note, I got a really good clip for you guys and I, I
• 27:51
  think it's, it's a very powerful clip considering what is going
• 27:55
  on right now. So I'm going to jump straight
• 27:56
  into it. I want to give a shout out to
• 28:05
  our partner Stamp seed. Is your Bitcoin and cold storage
• 28:08
  really secure? Are your seed phrases really
• 28:11
  secure? Stamp Seeds Do It
• 28:33
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  No risk of the plate breaking apart and pieces falling
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  time proof. And now you can customize your
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  titanium seed plates. You can upload your design or
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  logo and they will laser engrave it on the back of your seed
• 29:00
  plate, the opposite side of where the words are.
• 29:03
  Stamp your seed on Stampseed and use promo code simply to get 15%
• 29:09
  off anything on the stampseed.com store.
• 29:16
  OK guys, we are back. We're over on Clark Moody's
• 29:19
  dashboard bitcoin.clarkmoody.com where you can check out all the
• 29:23
  Bitcoin time change stats. You know, you can look at this
• 29:27
  all and and really get a, you know, you could audit the time
• 29:30
  chain yourself. Well, you're kind of trusting
• 29:32
  Clark Moody a little bit anyway. This is a totally different
• 29:33
  story. So the current Bitcoin price is
• 29:35
  115,460. I don't know if you guys
• 29:38
  noticed, but we did go and kiss 116 last night.
• 29:42
  It is kind of pulling back a little bit, but it does seem to
• 29:46
  to have some life back into it. The Bitcoin price has some life
• 29:49
  back into it and it is starting to make me feel a little
• 29:53
  bullish. It does feel like liftoff is
• 29:54
  coming soon. So we are currently at a decline
• 29:57
  from all time high of negative .2%.
• 30:00
  The market cap, we're reclaiming the market cap $2.3 trillion and
• 30:04
  the block height my, in my opinion probably the most
• 30:06
  important number here is the TikTok next block.
• 30:10
  Bitcoins working exactly as designed, a new block every 10
• 30:13
  minutes, Bitcoins audited every 10 minutes.
• 30:15
  We are currently at a block height of 914,393.
• 30:21
  So in the in the context of what we just talked about in the
• 30:26
  first part of the show, the context of what's going on
• 30:28
  around from the world, I really enjoyed this clip by Bitcoin
• 30:32
  news. It's a clip of naval talking
• 30:34
  about Bitcoin and relating, of course, Bitcoin and speech or
• 30:39
  money and speech. And I'm sure if you are a
• 30:42
  Bitcoiner, you've heard this message before.
• 30:46
  But I felt considering everything going on, it's a very
• 30:49
  powerful messages. There's, you know, good editing,
• 30:52
  good background music and all that stuff.
• 30:53
  So I'm going to play the clip because it's it's definitely a
• 30:56
  powerful message that I think more people need to hear.
• 30:59
  So here we go. Bitcoin essentially says that
• 31:04
  money and speech are the same thing.
• 31:06
  And let me give you an example. A Swiss bank account, If I know
• 31:09
  the number and I know the password to that, that is money
• 31:12
  that is as good as money and I can cross borders with it.
• 31:14
  So they obviously can't stop you from crossing the border with
• 31:16
  money if you have a bank account somewhere remotely.
• 31:19
  Think of Bitcoin as a bank account in the cloud, and it's
• 31:22
  completely decentralized. Not the Swiss government, not
• 31:24
  the American government. It's all the participants in the
• 31:26
  network enforce it. And so the Ledger, the
• 31:30
  distributed database, it's called the blockchain, is held
• 31:32
  in the cloud by all the parties involved.
• 31:34
  It can't be broken by any of any of them.
• 31:36
  It's cryptographically too strong.
• 31:38
  You would have to compromise the entire network to take over
• 31:40
  Bitcoin. Not even the NSA can do it.
• 31:43
  And the value of the Bitcoin is a bounty on the Bitcoin.
• 31:47
  So if the value of all the Bitcoin in the world today is $5
• 31:49
  billion, that's a $5 billion bounty.
• 31:51
  Any hacker who can go break that can collect a lot of that money,
• 31:54
  but they can't. So it shows you how strong it
• 31:57
  is. Even the NSA couldn't break the
• 31:58
  blockchain today. So I don't think so.
• 32:01
  But because of that, that means that Bitcoin is protected.
• 32:03
  The value is protected. The money is protected.
• 32:06
  But notice what I said at the beginning.
• 32:07
  Money is speech. That means the speech is
• 32:09
  protected. That means I can publish things
• 32:11
  into Bitcoin that no one can take away.
• 32:13
  I can publish WikiLeaks, for example, tracts of information
• 32:16
  into there that are irrevocable. Someone in China may use it for
• 32:19
  speech. They might use it to get a
• 32:21
  message out to the rest of the world anonymously in a way that
• 32:24
  it cannot be pulled back. So China may censor YouTube,
• 32:27
  China may censor Twitter, and they won't be able to censor a
• 32:29
  Bitcoin. It disrupts everything.
• 32:30
  If it works, it'll be the greatest transfer of wealth in
• 32:32
  human history. Even if it doesn't work as
• 32:35
  advertised, it may still enable free speech and anonymous speech
• 32:38
  to a level that large states, totalitarian states would be
• 32:41
  uncomfortable with. You can't turn off Bitcoin
• 32:43
  without turning off the Internet.
• 32:45
  That's how it's designed. The what the Internet did,
• 32:49
  people forget what the Internet did was it connected every human
• 32:52
  to every human. And so because of that, it it
• 32:56
  reduced the power of the elites, so it reduced the power of mass
• 32:58
  media, it reduced the power of controlled media.
• 33:01
  No one can control the message. Love it, love it.
• 33:05
  And now you can see why I wanted to play that considering what we
• 33:08
  what we covered in the first part of the show and then of
• 33:11
  course, considering all the, you know, tragic crazy events have
• 33:15
  been happening recently. This is why we're bitcoiners.
• 33:18
  This is why we so ardently believe that Bitcoin will change
• 33:22
  the world. Money and speech are one, and as
• 33:26
  we're seeing, there is a push back against the freedom of
• 33:29
  speech and especially in America.
• 33:31
  We have the 1st Amendment. We are supposedly able to speak
• 33:35
  freely, have debate, have our talk, you know, be able to
• 33:38
  communicate different points of view.
• 33:40
  And whether you believe in actually debating people or not,
• 33:44
  all you really have to do to maintain your freedom of speech
• 33:47
  is to take your money out of the system, start saving in Bitcoin.
• 33:51
  And This is why we think this is such a powerful movement, such a
• 33:55
  powerful idea, is that no longer can you get cut out of the
• 33:59
  system if they cut your money off.
• 34:01
  And this is one of the main tools that's been used to censor
• 34:04
  speech, to censor individuals. And as much as they may try to
• 34:08
  do that, I think that they are not going to be able to in the
• 34:12
  long run. Short term, who knows what they
• 34:14
  can do. We saw, you know, the China 2021
• 34:17
  bans on Bitcoin. China failed at banning Bitcoin.
• 34:20
  Maybe we're at a new new era, new paradigm where other nation
• 34:24
  states are going to try to do the same thing.
• 34:27
  But it just goes to show that this is the fight of our
• 34:31
  century, the fight of our lifetime.
• 34:32
  Is this making sure more people hold Bitcoin, make sure more
• 34:36
  people can speak freely? Can, you know, do what they love
• 34:40
  and continue to prosper? This is like what we love the
• 34:43
  most about Bitcoin is that it does give us personal freedom,
• 34:46
  but it also enables the world to be more intercommunicated or
• 34:50
  interconnected, sorry, but also be able to communicate the
• 34:54
  messages that they feel most powerfully about South Super
• 34:58
  great clip. Shouts out to Bitcoin news.
• 35:00
  I don't know if they did the edit or not, but thank you guys,
• 35:03
  it's a powerful message to hear today.
• 35:05
  And there is this second layer component to money being speech
• 35:09
  with Bitcoin, right? There's a code, it is literally
• 35:13
  written with words that that code is what sustains the
• 35:19
  Bitcoin network. Obviously, I mean like, but
• 35:21
  that's like the, the, the initial, the, the nucleus of
• 35:26
  everything is that code, the white paper.
• 35:29
  It is speech on so many other levels other than the fact that
• 35:33
  you can use it to express an opinion by saying I want to
• 35:37
  purchase this or I support this or I am for this.
• 35:42
  And especially, you know, given today's circumstances, let's say
• 35:49
  of this week and, and the current events, it is more
• 35:53
  important now than ever to protect that freedom of speech.
• 35:58
  It should be written into the Constitution by now that money
• 36:02
  is speech. It should be written, if there
• 36:04
  should be a law passed, that Bitcoin is protected speech.
• 36:09
  It's not just currency, but it is a way for Americans and
• 36:13
  people all over the world, anybody who's holding Bitcoin to
• 36:16
  express themselves. And any time that that you
• 36:21
  infringe on that, like these people are trying to do, you are
• 36:24
  infringing on the basic human rights that this country was
• 36:29
  founded upon. And then the second thing I
• 36:31
  wanted to say is that speech is totally different from the
• 36:36
  actions that people take. And that essentially is why
• 36:42
  people are so shaken to their core because of the events of
• 36:46
  this week, because somebody was, you know, unalived on a national
• 36:54
  platform because of the words that he was saying.
• 36:59
  Think about that. Think about how that could be
• 37:03
  bitcoiners next. That could be anybody next,
• 37:05
  because your actions and your your bad decisions have just
• 37:09
  have just made an executive decision to end that person's
• 37:13
  life. And so that's why speech is more
• 37:17
  important now than ever. And that's why speech is not
• 37:20
  violence. Speech is speech actions, bad
• 37:24
  actions are violence. And those two things need to be
• 37:26
  separated. And whoever's thinking of, you
• 37:29
  know, these laws and saying, oh, like they're using money
• 37:32
  laundering to to, or they're using Bitcoin to money launder.
• 37:36
  It's like you need to look at the crimes that these people are
• 37:40
  committing, not the fact that they're using XY and Z type of
• 37:45
  currency or ways of financing it to commit that crime.
• 37:49
  You need to prosecute the actual crime and there needs to be a
• 37:52
  difference there because that justification, that thinking of
• 37:57
  like, oh, they're money laundering through crypto or
• 38:01
  like that, that this is like what people exclusively
• 38:04
  exclusively use crypto for. That's like, I like saying, you
• 38:08
  know, people speak and the only reason people speak is to incite
• 38:12
  violence. It's absolutely absurd.
• 38:16
  Sophie coming in hot today. Love it, love it.
• 38:19
  You know, a day of reflection. Yeah, a day of reflection.
• 38:22
  And we're we're feeling a lot better here on Simply Bitcoin.
• 38:26
  I hope you guys are as well. We will chat about kind of the
• 38:30
  the cultural context at the very end, of course in the culture
• 38:33
  now that we do have a day to kind of reflect on what is
• 38:37
  happening where we are in the world and maybe do some call of
• 38:40
  actions end the show a little more lighthearted and positive
• 38:44
  than we probably have been the last couple of days.
• 38:46
  It's. Not time to be lighthearted,
• 38:48
  it's. Well, okay, more positive, okay,
• 38:50
  more positive, I guess was the right framing there.
• 38:54
  Okay, so let's move into the news.
• 38:57
  We have some interesting numbers if you are tracking on chain
• 39:01
  metrics, which I think are kind of setting this up for what I
• 39:05
  believe is going to be a very positive week end of the year.
• 39:09
  We're starting to see indications that there is a lot
• 39:12
  of accumulation happening right now and usually that is a sign
• 39:15
  of bottoms. And when, you know, the smart
• 39:19
  money in Bitcoin starts acquiring, yeah, acquiring a lot
• 39:22
  of Bitcoin, that's usually when it's go time, guys.
• 39:25
  So I think I think we might be on the verge of go time.
• 39:28
  Anyways, let's get into these stories in the news.
• 39:34
  I want to give a shout out to our partner Let In, the leader
• 39:37
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• 39:41
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• 40:25
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  Go to sat123.com/simply today and use promo code simply to get
• 41:12
  15% off anything on the store. Yeah chat, you guys are killing
• 41:26
  me Opti Kramer in full effect Yeah, when I get bearish the
• 41:29
  price pump. So maybe I should stay bearish
• 41:31
  for your guys at six. All right, so.
• 41:34
  He was like, we're going to 200K.
• 41:37
  Dumb we. Dumb.
• 41:38
  I was like, I literally screenshotted his tweet and I
• 41:42
  sent it to him. I'm like, hey, I blame you.
• 41:46
  I am pretty sure the context was end of the year.
• 41:49
  I didn't, I didn't add the context, but that's what I
• 41:52
  meant. And we're going to 200 K end of
• 41:54
  year. OK200K confirmed.
• 41:55
  End of year now I don't know. And like a ginger beer.
• 42:00
  Yeah, yeah, I'm and I'll wear a shirt and tie and I'll wear a
• 42:03
  shirt and tie. Anyways, anyways, enough joking.
• 42:06
  Let's let's get into this news story.
• 42:08
  So I found this super interesting.
• 42:10
  Obviously in the last couple of weeks we've been covering the a
• 42:15
  lot of whales waking up, old, old wallets waking up.
• 42:18
  Well, first one is this isn't the most interesting one, but it
• 42:22
  does kind of lead into the conversation that Luke and I
• 42:25
  always have in our boy checkmate.
• 42:27
  He's been doing for a while this idea that we probably have a
• 42:31
  less lost Bitcoin because we're seeing OG whales, people from
• 42:35
  20/10/2011, 2012, 2013 start to wake up.
• 42:40
  And I know a lot of people are like, that's bearish.
• 42:41
  They're dumping on us, bro. Well, This is why we've had this
• 42:45
  great stacking opportunity above 100K.
• 42:47
  And we saw another one of these scenarios.
• 42:49
  So a Bitcoin wallet just awoke from 10 years ago.
• 42:53
  They had a huge holding. So a 2012 wallet that held that
• 42:57
  still has hundreds, the Bitcoin, but it had a total address of
• 43:01
  444 Bitcoin. They woke up, they moved 130
• 43:05
  coins to a new wallet, sold 5 on Kraken.
• 43:08
  But as we've been seeing the last couple of weeks, there has
• 43:11
  been a lot of these OG wallet from 2010.
• 43:15
  And you know, that early era holding 10s of thousands,
• 43:18
  hundreds of thousands of coins essentially hit the exchange.
• 43:22
  And This is why I think we've been seeing the price be a
• 43:25
  little stagnant. I know there's been this
• 43:27
  conversation around around paper Bitcoin summer are the black
• 43:31
  rocks of the world are you know, is there a big exchange out
• 43:35
  there that is rehypothecating Bitcoin?
• 43:38
  And when you look at the numbers, it really is just
• 43:40
  there's been a lot of old coins that are moving to the exchange.
• 43:43
  I think the number now is somewhere around like 150 a
• 43:46
  160,000 coins in the last couple of weeks has hit the exchange.
• 43:51
  And the more bullish part about that story, obviously most
• 43:55
  people take it from, oh, they're selling coins, they're dumping
• 43:58
  bro. And you're like, yeah,
• 44:00
  obviously. But with every seller, there's a
• 44:02
  buyer. And the fact that we are holding
• 44:04
  above 100K, I think is kind of the UN, you know, unspoken
• 44:10
  bullish scenario going on right now.
• 44:12
  If this much coin is being dropped on the exchanges and the
• 44:16
  price isn't as volatile as it used to be, it just shows there
• 44:19
  is this unlimited bid to Bitcoin.
• 44:22
  There is this appetite for buying Bitcoin right now and
• 44:26
  part of that as we're seeing yesterday or it's came up
• 44:30
  yesterday, but it's on Coin Telegraph this morning.
• 44:33
  The quote Bitcoin sharks, or you know, if you look at the holders
• 44:36
  of Bitcoin, they like to use different names.
• 44:38
  Of course, the OG whales are holding, I forget what the
• 44:42
  metrics are, but like from 1000 to 10,000 plus coins.
• 44:46
  And then the next kind of hierarchy number down, there's
• 44:50
  the sharks and they hold around 100 to 1000 coins.
• 44:53
  And we're seeing in the last week that they have added 65,000
• 44:57
  coins in the last week, which historically is an indicator of
• 45:03
  a bottom. When you see mass conviction
• 45:07
  from these big holders, it shows you that, OK, if things are
• 45:11
  changing in the market, the market structure is changing.
• 45:14
  And so when I was kind of thinking about in my head, who
• 45:18
  are these people? Like what could you categorize a
• 45:21
  shark to be versus a whale? A whale could potentially be an
• 45:25
  OG holder, maybe some kind of institution, maybe a nation
• 45:29
  state. You, you don't really know
• 45:31
  exactly who a whale is. When we think of whales, usually
• 45:34
  it's like an OG holder, someone that's had hundreds of thousands
• 45:36
  of coins, an early accumulator, like a market manipulator, a
• 45:40
  market maker, however you want to frame it.
• 45:43
  When I thought about this this morning, what a shark could be,
• 45:47
  I was thinking a bit more like individuals out there, very
• 45:50
  wealthy individuals, obviously to be able to buy a hundred or
• 45:53
  thousand Bitcoin, but you're seeing if this is who you could
• 45:57
  categorize sharks to be The individuals out there, the
• 46:01
  wealthy individuals are seeing what's going on in the market
• 46:03
  and they're like, this is a good time for me to get into Bitcoin.
• 46:06
  I need to get in in force in full right now.
• 46:09
  So breaking this down, Bitcoin sharks add 65,000 Bitcoin in a
• 46:13
  week in key demand rebound. Bitcoin is a quote buy again for
• 46:16
  some investor cohorts with sharks standing out after a week
• 46:19
  long BTC buying spree. So the Bitcoin shark wallets, of
• 46:24
  course, added 65,000 coins. Short term holders also cross a
• 46:28
  milestone with the profit ratio of coins moving on chain
• 46:31
  flipping positive and then a long term holders have yet to
• 46:35
  return to net accumulation. So this is one of those
• 46:38
  indicators, The first indicator, OK, we have people coming in in
• 46:42
  bulk, you know, 100 to 1000 coin buyers.
• 46:46
  They're profitable, they're accumulating at a mass scale
• 46:49
  here, but we still haven't seen the long term holders come into
• 46:52
  the market yet to accumulate. And when that happens, then as
• 46:57
  you guys know, it's go time here.
• 46:59
  So the conviction driving holders have bought 65,000
• 47:03
  Bitcoin in just seven days. New research from Onchen
• 47:06
  analytics perf platform crypto quaint.
• 47:08
  They release this, you know, sharks are buying Bitcoin.
• 47:12
  So again, the sharks is a Bitcoin balance from 100 to 1000
• 47:16
  coins. They've wasted no time and
• 47:18
  they're accumulating Bitcoin. They're probably thinking this
• 47:21
  is a good time to buy Bitcoin, especially ahead of these rate
• 47:24
  cuts ahead of potentially Q4. Everyone's trying to position
• 47:29
  themselves and if you're a bitcoiner, you're probably not
• 47:32
  really waiting on the rate cuts to make your moves.
• 47:35
  But if you're seeing the opportunity right now, you're
• 47:37
  seeing gold RIP. You probably understand Bitcoin
• 47:40
  will RIP after gold and you're like this is a good time to get
• 47:43
  in. So bitcoins recent market action
• 47:45
  highlights a sharp divide between short term traders and
• 47:48
  larger conviction driven buyers. Addresses holding 100 to 1000
• 47:52
  Bitcoin, known as sharks have added 65,000 in seven days,
• 47:55
  lifting their total to a record 300 or 3.65 million.
• 48:00
  Bitcoin dude, just love to see it love to see it.
• 48:04
  So this buying has emerged even as spot prices hover near 112 K,
• 48:08
  suggesting a growing disconnect between retail driven volatility
• 48:12
  and deeper structural demand. And you can see the chart here
• 48:15
  Bitcoin UTXO value band. It's it's starting to go up.
• 48:18
  So it looks like accumulation on chain metrics showing us
• 48:22
  accumulation is driving up, which is probably why the
• 48:25
  Bitcoin price is rebounded as it was.
• 48:28
  And when you look at the Bitcoin price volatility from a Bitcoin
• 48:32
  speculative trader base or short term holders, wallets holding
• 48:35
  for six months or less, they're they have a knee jerk reaction.
• 48:39
  And of course, I love to see accumulation here because it
• 48:43
  just shows that OK, people are coming back into the market.
• 48:45
  Yes, the, the volume here or maybe just the average retail
• 48:49
  investor isn't back into the market, but people that all have
• 48:52
  high conviction are buying in bulk.
• 48:55
  And I think this is just showing us that, OK, the next level leg
• 48:59
  up is probably around the corner.
• 49:00
  Guys, I know it's been a rough, what, nine months here, but this
• 49:05
  is usually a sign of a run is going to happen.
• 49:09
  So net outflows or Bitcoin withdrawing from exchanges have
• 49:12
  dominated recently as we've been covering signaling.
• 49:16
  And then this is where it kind of shifts signaling that
• 49:18
  investors are moving coins into cold storage rather than keeping
• 49:22
  them liquid to trade. And so if people are taking the
• 49:25
  Bitcoin off the exchange, then of course, there's less Bitcoin
• 49:28
  on the exchange to buy, which means there's more people come
• 49:31
  in to buy that Bitcoin. The price has to go up for them
• 49:34
  to basically be incentivized to sell that Bitcoin.
• 49:37
  So it is interesting to see what's going on here.
• 49:42
  We really obviously only can guess and speculate of what is
• 49:47
  happening and what will happen around the corner.
• 49:49
  But I see, I think seeing accumulation starting to have,
• 49:53
  starting to build up again, I think is a bullish sign of, of
• 49:56
  where we are right now and what's going to happen in the
• 49:59
  next couple of months. We've been saying for a while,
• 50:01
  I've been saying for a while, I think Q4 is going to be very
• 50:04
  bullish for Bitcoin. And now that we're seeing the
• 50:06
  accumulation come back in, I think we, we're starting to see
• 50:09
  the signs of the tide changing. And once we see, you know, the
• 50:13
  whales and long term holders come back in, in full size,
• 50:16
  instead of moving coins to the exchanges to sell, we start to
• 50:20
  see buyers in bulk at 100K plus. I think it's setting up a great
• 50:26
  Q4. So I like to see signs like this
• 50:29
  Accumulation is back on the table guys, back on the menu.
• 50:32
  Yes, it's not from the 10,000 plus range, but from the 100 to
• 50:36
  1000 range, which is what I think 11 coins is 1,000,000.
• 50:40
  So you know the the 8 figure range you know.
• 50:45
  I think that if we're seeing this kind of accumulation, the
• 50:49
  next big thing means that maybe exchanges are going to be buying
• 50:54
  in bulk. Like, we might not see it from
• 50:56
  individuals, but we're definitely going to see it from
• 50:59
  exchanges, hedge funds and institutions.
• 51:03
  Yeah, yeah. I mean, as we've been seeing,
• 51:05
  they have been slow. Bless you.
• 51:07
  They have been slow to come into the market in bulk and it really
• 51:14
  does bring up the speculations that maybe I think you said it
• 51:17
  yesterday, maybe from an institution level, they haven't
• 51:20
  really, you know, gone all in. But if we can kind of categorize
• 51:26
  and speculate who these sharks are, high net worth individuals
• 51:29
  may be behind these institutions are acquiring now just a
• 51:33
  speculation. I think, I think the
• 51:35
  institutions are waiting for the dip, you know, later maybe
• 51:39
  around this month. I still think there might be a
• 51:42
  dip like to be honest. I I sigh off to you.
• 51:45
  No, I think there, I think there's going to be AI think
• 51:47
  what you were talking about yesterday was spot on.
• 51:49
  There might be a dip right when, you know, they announced the
• 51:53
  rate cuts. But October, you know, like
• 51:57
  that's usually what has happened in the past.
• 52:00
  Historically, September hasn't been the best month for anyone,
• 52:05
  not just Bitcoin. So maybe people are, you know,
• 52:10
  selling a little bit right now. It did pump a little bit and and
• 52:13
  they're waiting for the dip, you know, and maybe we should be
• 52:16
  doing the same. Uh, no, don't wait for the dip.
• 52:19
  Just buy. Just buy Bitcoin.
• 52:21
  Just keep buying. Just keep buying.
• 52:24
  All right, well, look, so if you reminded me of something and I'm
• 52:27
  I'm, I'm gonna keep myself honest here.
• 52:31
  September is, is in effect still.
• 52:34
  So we're not, you know, actually halfway through September, but
• 52:39
  as of now, September is green. So you know, a little, a little
• 52:45
  6% gains on the month. We'll take that.
• 52:50
  And again, historically October, November are super bullish here
• 52:56
  outsizing all of the the negative returns in in a few
• 52:59
  couple of years like bear market years specifically.
• 53:02
  Wow. How is 2019 worse than 2020?
• 53:06
  Well, you know, we'll see. There's still there's still time
• 53:09
  left in the month. There's still time for me to
• 53:11
  take back my Send Timber meme, but it as of now, we're good it.
• 53:15
  Happened in 2014. Yeah, Yeah, that's see, we'll
• 53:21
  take this. We'll we will take this.
• 53:22
  So if this ends up being a green month, even if it's kind of
• 53:25
  stays around here, which I don't think it's going to happen
• 53:28
  though, I think it's going to be more bullish, I mean.
• 53:30
  So far it's been way better than August so.
• 53:33
  I mean this well, it really just offset August.
• 53:37
  Yeah, exactly. This has been such a weird.
• 53:40
  We're net zero on August. This has been such a.
• 53:42
  Weird cycle. Like we're all speculating, but
• 53:44
  the reality is like we have no idea what we're talking.
• 53:47
  Net 0 on. All we can do is think out loud
• 53:50
  in front of you guys, yeah? And and correct ourselves when
• 53:53
  we're wrong, yeah. It's we're living the human
• 53:56
  experience on live stream. And if you like it, please smash
• 54:00
  the like button, send this video to your friends, hit the follow,
• 54:04
  hit the bell so that you can get the notifications.
• 54:08
  Without looking looking at this chart.
• 54:09
  So we only need about a 1% increase for the rest of the
• 54:14
  month to basically be the best performing September ever in
• 54:18
  Bitcoin's history. So totally attainable, but it
• 54:21
  could also, you know, be volatile and come back down.
• 54:24
  Guys October might be like proceeded by send ember.
• 54:31
  No, with the no down members, I don't know, I don't know.
• 54:36
  But hey, if we see September end positive, we can almost, I don't
• 54:44
  want to say guarantee, but 99% take the perspective that
• 54:49
  October is going to be a very bullish month In November will
• 54:52
  most likely also be a very bullish month.
• 54:54
  Actually, November is historically the most bullish
• 54:56
  month ever in Bitcoin's history. Yeah, you can see average
• 55:00
  returns of 46%. No 440.
• 55:04
  Yeah, that was 2013, but I'm saying average.
• 55:06
  I'm saying I'm saying average here.
• 55:08
  So hey, things are setting up. Things are getting bullish here.
• 55:11
  And even even if we don't get the best September, October's
• 55:17
  October for a reason. So average returns 21% a month
• 55:22
  or rather 21% in that month historically.
• 55:25
  So I'm, I'm starting to feel good.
• 55:28
  I, I'm, I'm really, I'm really feeling good about that, that
• 55:31
  prediction that September is going to be a great month and
• 55:34
  it's holding true. Obviously we still have more
• 55:37
  days left in the month than we've than we've been through.
• 55:41
  So I, I can be completely wrong on that.
• 55:43
  But even though the price isn't going up as fast as many people
• 55:48
  probably hope and want it to, we are seeing that it is slowly
• 55:52
  incrementally increasing. And I think the last couple of
• 55:57
  days we've been seeing very healthy price action in Bitcoin.
• 56:01
  This kind of slow grind. I know we dipped down to what
• 56:03
  was it like 1-12 ish. Now we're at 116 in this kind
• 56:08
  of. Things that's not really a dip,
• 56:11
  Bitcoin can't recover from and the fact that it is, it has been
• 56:15
  going sideways like you said is like pretty healthy.
• 56:18
  And might I add, the the price right now given all the news
• 56:23
  that's happening is probably as much as I hate to say it, not
• 56:28
  the most important thing going on right now.
• 56:32
  It's that the network is healthy that the hash rate be hashing
• 56:36
  and that still nobody can take away our Bitcoin.
• 56:41
  And honestly, like that in and of itself gives Bitcoin such
• 56:46
  great value that that part has not been priced in yet.
• 56:49
  So I'm happy where we're at. Yeah, I'll take it.
• 56:53
  I'm grateful. I'm like, after the news that
• 56:55
  you just read, I am grateful. We'll take it.
• 56:59
  We'll take it. All right, guys, let's get into
• 57:01
  the culture. And I I think this is going to
• 57:03
  be more of just a discussion between Sophie and I, just a
• 57:06
  general discussion of, you know, where we are right now.
• 57:09
  Now that we had a little more time to process everything.
• 57:12
  I'm not going to play videos or anything.
• 57:13
  We're really just going to chat about things going on.
• 57:16
  So let's get into that and we will wrap up today's show.
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  freedom. All righty then guys, obviously
• 59:27
  it's been a crazy week, not just for us here at simply Bitcoin,
• 59:31
  but around the world and you know yesterday person I think
• 59:36
  both of us. So if we were, we were really at
• 59:39
  a loss of words and, and we're very shocked about everything
• 59:43
  going on. And, and it was really hard to
• 59:44
  do a show. And, you know, I really didn't
• 59:47
  know what to say. And now that I had a little more
• 59:49
  time to process it, you know, things are coming into more
• 59:54
  clarity. I, I am actually kind of happy
• 59:56
  about what we said yesterday at the end of the show of like
• 59:59
  being cool, calm, collected, keep your head on straight, you
• 1:00:02
  know, not trying to get caught up in the emotional fervor that
• 1:00:05
  we're seeing right now. And I, I thought, you know, I, I
• 1:00:09
  may not be the, the guy to talk about being mature.
• 1:00:11
  Sure, here. As you guys know, I'm the
• 1:00:13
  jester, but I think that was very mature of us, Sophie.
• 1:00:16
  And yesterday I just want to talk a little story.
• 1:00:20
  So Ruston sent me this video of Pat McAfee, the sports guy.
• 1:00:25
  I don't watch his show. I'm not much of A sports baller
• 1:00:27
  anymore. But I did watch the beginning of
• 1:00:31
  his episode yesterday and he said something that really
• 1:00:35
  struck me. And I, I was at the time hoping
• 1:00:39
  that he was right. But then the, the kind of the,
• 1:00:45
  the messaging that I saw on Twitter yesterday almost made me
• 1:00:49
  feel like he was right. And so Pat McAfee, he on his
• 1:00:52
  show yesterday, of course, it was 911, another, you know,
• 1:00:55
  crazy day in the history of Americans.
• 1:00:57
  He was recollecting the day after 911 when it happened, you
• 1:01:03
  know, 24 years ago. And he was basically saying he's
• 1:01:06
  like, I remember 912 as being probably the most unifying
• 1:01:11
  moment that he's ever lived in his life, his 38 years of life
• 1:01:16
  in America, where everyone kind of came together.
• 1:01:19
  And we're like, OK, guys, you know, let's, let's unite here.
• 1:01:23
  Let's, let's be a lot more hopeful.
• 1:01:26
  You know, all the skirmishes and all are infighting now.
• 1:01:30
  Like, it really doesn't mean anything.
• 1:01:31
  We're all Americans here. And he said this yesterday.
• 1:01:36
  And I think it was in the morning.
• 1:01:37
  I forget when to go live. It's like 10 AM or something
• 1:01:39
  like that. And then just kind of being on
• 1:01:42
  Twitter later in the day, I started to get that sense as
• 1:01:46
  well that, yes, there are some people that were, you know,
• 1:01:50
  celebrating this horrific event. But from my timeline and what I
• 1:01:55
  was seeing, a lot of people were very united, very, you know,
• 1:01:59
  hopeful. They were recollecting about
• 1:02:03
  themselves and realizing, OK, there there is societal problems
• 1:02:08
  right now. And continuing to double down on
• 1:02:11
  that and continuing to kind of poke the bear isn't really
• 1:02:15
  helping anyone right now. And, you know, try not not
• 1:02:19
  necessarily to say like we all got to be kumbaya here.
• 1:02:23
  But the fact that I did see so many people start to vocalize
• 1:02:28
  like, OK, let's unite here. Let's, you know, put aside a lot
• 1:02:32
  of our differences here. What is our goals here, not just
• 1:02:36
  in America, but around the world?
• 1:02:37
  Like, what do we really want in the world?
• 1:02:39
  What are we really trying to do? And it took me a, it probably
• 1:02:43
  took me like 24 hours to really get over the shock of everything
• 1:02:47
  again, it was super graphic for everyone to watch and millions
• 1:02:50
  of us probably all had the same event.
• 1:02:52
  And a lot of people were impacted very strongly about
• 1:02:56
  this and, and obviously like a negative way.
• 1:02:59
  But the just the outcry of love that I saw on on social media
• 1:03:04
  later the day yesterday, it started to make me feel very
• 1:03:07
  hopeful that yes, even though we are in very tumultuous times,
• 1:03:12
  that yes, there is, you know, a real struggle right now in our
• 1:03:16
  society at large, not just in America.
• 1:03:19
  But it does seem like people are looking at what happened and
• 1:03:24
  being like, OK, enough is enough.
• 1:03:26
  We we really need to kind of pull back on our rhetoric.
• 1:03:29
  We really got to reflect on ourselves, go inward of what we
• 1:03:32
  are doing, who we are as people. And I don't know, I, I just, I
• 1:03:36
  got the sense of unity in that like, OK, maybe this is the
• 1:03:40
  crescendo, maybe this is the pinnacle.
• 1:03:42
  It could get crazier. Obviously a lot of us are
• 1:03:44
  thinking that, hey, if this is the beginning of something, then
• 1:03:49
  it could get a lot worse here and it could get a lot scarier
• 1:03:53
  here. And I don't think anyone wants
• 1:03:55
  that. And so I, I was just getting
• 1:03:57
  kind of hopeful at the end of the day.
• 1:03:58
  So if that it really does feel like a lot of people had been
• 1:04:03
  woken up and people that who you may not agree with are waking up
• 1:04:06
  and looking at this and being like, whoa, like, is this who I
• 1:04:10
  want to be? Is this what I really want to
• 1:04:11
  support? Is this what we support as
• 1:04:13
  people? I thought we were civilized, you
• 1:04:16
  know, society here, polite society, and this is what is
• 1:04:19
  happening in our world. It it just I, I feel like
• 1:04:22
  yesterday night. I don't want to be a, you know,
• 1:04:24
  cliche and glib about it, but it does feel like yesterday was a
• 1:04:28
  turning point in the world. This like I had my mom Tommy and
• 1:04:33
  she heard about this and usually when I talk to her about stuff
• 1:04:36
  that I think is big news, she has no idea what's going on.
• 1:04:39
  And even she was talking about it and I talked to one of my
• 1:04:41
  friends and she said same thing. Like my mom was was talking
• 1:04:45
  about this. And like this was literally it's
• 1:04:48
  such a huge event that it seems like everyone heard about this
• 1:04:52
  and everyone is reflecting and looking inwardly and looking at
• 1:04:56
  themselves and wondering, wow, like is this what we are?
• 1:04:59
  Is this all we can attain to? And, you know, personally, like
• 1:05:02
  I was saying yesterday, it really made me feel like I, I, I
• 1:05:05
  need to get better. I need to be a better person.
• 1:05:07
  And I need to, you know, calm down not only on the show and
• 1:05:11
  and be less of a gesture, but also at times not, you know,
• 1:05:16
  pile on on people. And you know, like I had my own
• 1:05:18
  reflections yesterday and it just it just made me feel at the
• 1:05:23
  end of the day. Finally, I think when the shock
• 1:05:25
  wore off of of it all, they're like, wow, OK, does seem like
• 1:05:28
  this might be a unifying moment, Hopefully not just for America,
• 1:05:32
  but it was like global. I saw reels of people not from
• 1:05:34
  America being like, your politics doesn't matter, Like
• 1:05:40
  this was a life. And I think this is just one of
• 1:05:43
  those moments where it's really eye opening for for everyone and
• 1:05:46
  and not just if you're, you know, on one side of the aisle
• 1:05:49
  or not. I think everyone, if they still
• 1:05:51
  have some sense of humanity in them, some some, you know,
• 1:05:55
  conscience left in them. We all reflect and were like,
• 1:05:57
  whoa, like, OK, this is crazy. And also all of the things that
• 1:06:03
  we find very important. You know, as much as we might
• 1:06:07
  get riled up, it just shows that there is the mistakes and, and
• 1:06:10
  the things that we do do matter. And I don't know, like I'm
• 1:06:14
  rambling, but I, I feel a lot more hopeful today.
• 1:06:17
  Obviously, we don't know what's going to happen.
• 1:06:20
  I, I'm, I'm praying to God that nothing bad happened.
• 1:06:22
  You know, I'm praying for all of your guys safety for our
• 1:06:25
  personal safeties as well. And it's just, I don't know, I
• 1:06:28
  felt hopeful by the end of the day yesterday, today, It's still
• 1:06:32
  strange times, but yeah, I, I felt pretty hopeful.
• 1:06:35
  So what's your take on it now that we have a day to reflect?
• 1:06:39
  I am comforted by the fact that everybody I've spoken to in real
• 1:06:43
  life about this tragedy has seen it as a tragedy.
• 1:06:48
  Whether they are friends on the left or on the right, everybody
• 1:06:52
  can kind of agree on the fact that a human life was taken for
• 1:06:57
  something that we're all in court, encouraged to do, which
• 1:07:01
  is to speak our mind. That is a right that we have
• 1:07:05
  been in, you know, given just by virtue of being privileged
• 1:07:11
  enough of living in this country.
• 1:07:13
  And so that part does give me a lot of comfort.
• 1:07:17
  It does give me comfort even to see some people on the other
• 1:07:21
  aisle, on the other side of the aisle online offering their
• 1:07:26
  condolences and their sympathies and, and, you know, coming
• 1:07:29
  together and uniting on the fact that this should not be
• 1:07:33
  happening in the United States of America.
• 1:07:37
  However, I do think that this is a time right now where we have a
• 1:07:45
  responsibility on both sides to speak more.
• 1:07:51
  More speech is going to bring us closer together.
• 1:07:56
  And that's something that Charlie Kirk said multiple
• 1:07:59
  times. I believe there's a video
• 1:08:02
  circulating right now where he said, you know, when people
• 1:08:04
  don't speak in their marriages, it leads to divorce.
• 1:08:07
  When friends don't speak about something that they are
• 1:08:10
  disagreeing with, they stop being friends.
• 1:08:14
  They become distant. And I think that the way that we
• 1:08:18
  have as a people been forcefully separated by ideologies in this
• 1:08:26
  country, by legacy media, it is all on purpose so that we stop
• 1:08:32
  talking to each other and we resort to violence.
• 1:08:35
  And that is never the answer. Right now, we have a
• 1:08:39
  responsibility to speak more. Find someone that you don't
• 1:08:44
  agree with and talk to them. Find some kind of common ground,
• 1:08:48
  argue with them, do whatever you have to do, but actually face
• 1:08:52
  the people that you think don't agree with you and talk to them.
• 1:08:58
  And even if it's someone to put politics aside, take someone who
• 1:09:02
  doesn't agree with the, you know, the whole peaceful
• 1:09:06
  revolution of Bitcoin and talk to them about it, argue with
• 1:09:09
  them, whatever. Because you never know how that
• 1:09:12
  conversation might live in the back of someone's mind the day
• 1:09:16
  that they decide to be angry and take that anger and act on it.
• 1:09:21
  That is why speech is so important.
• 1:09:23
  That is why we have a responsibility to keep speaking
• 1:09:27
  more and more and not less. And I think that we, while we
• 1:09:33
  see a lot of people, yes, uniting, I have seen a lot of
• 1:09:37
  people, you know, taking this as an opportunity to celebrate.
• 1:09:41
  And it's absolutely disgusting. But rather than feeling the
• 1:09:45
  anger that I as a human being want to feel, I think that what
• 1:09:49
  Charlie would have wanted is for everybody to do the Christian
• 1:09:52
  thing and forgive and actually talk to these people.
• 1:09:57
  I think you know Jesus when he was on the cross, I'm a
• 1:10:00
  Catholic. He said forgive them, Father.
• 1:10:02
  They know not what they do. And I think a lot of people
• 1:10:06
  don't know what they're doing when they say these evil things.
• 1:10:10
  And the only way to combat that is with good speech.
• 1:10:14
  Good speech always beats bad speech.
• 1:10:17
  But that's why speech needs to be free, because you can't
• 1:10:21
  decide that. No individual can decide that.
• 1:10:23
  Only the truth dictates that. And that's what we as human
• 1:10:27
  beings should be striving every single day to go after is the
• 1:10:32
  truth. And there is only one.
• 1:10:35
  So you have to, you have to try as as human beings to kind of
• 1:10:41
  put aside the emotions and the anger and the the hurt that
• 1:10:46
  we're feeling and use that for something good.
• 1:10:49
  And use that as Charlie honestly did his entire life by talking
• 1:10:54
  to people who you might not agree with you.
• 1:10:58
  You really need to to think about how you can do that, how
• 1:11:01
  you can be a better person, how you can find the truth and
• 1:11:05
  expose that so that everybody else can know that too.
• 1:11:12
  Love it Sophie, Love it the the motherly wisdom.
• 1:11:15
  Love it. Love it The the last thing I
• 1:11:19
  kind of want to say is echoing, of course, what Sophie just
• 1:11:22
  said. I think at this moment, one of
• 1:11:26
  the most important things that we can do is of course,
• 1:11:29
  channeling all of this energy to towards something very positive,
• 1:11:33
  something that will continue to change the world.
• 1:11:36
  And I just I, I think the last message that I wanted to kind of
• 1:11:42
  add for today, and I'll give it, I'll give Sophie the floor one
• 1:11:44
  more time as well, is just I want everyone out there to lock
• 1:11:48
  in for the long run here. Guys like again, play it smart,
• 1:11:52
  you know cool calming collective collected sorry and of course,
• 1:11:59
  like let's channel our energy for the long run like we got to
• 1:12:02
  prepare and buckle down for a long peaceful fight here like we
• 1:12:07
  are going to be doing this. I've been saying it on the show
• 1:12:09
  like I, you know, initially you're like, oh, Bitcoin's going
• 1:12:13
  to wait in like 5-10 years. And then the more we kind of
• 1:12:16
  move along in the fourth turning and the crazier everything gets,
• 1:12:20
  the more I've been thinking it's like, OK, you know, I got a lock
• 1:12:24
  in to do this for basically the rest of my life.
• 1:12:27
  And so this is a marathon. It's not a Sprint.
• 1:12:30
  And so I, I just want to continue to kind of inspire you
• 1:12:36
  guys and, and even hold me accountable to it that, but
• 1:12:40
  channeling this energy for the long run and showing up
• 1:12:43
  day-to-day and doing what we do every single day with as much
• 1:12:47
  excellence as we can so that we can usher in the world that we
• 1:12:51
  believe, you know, 1020, thirty years from now, like this isn't
• 1:12:55
  going to be over in 5-10 years, guys.
• 1:12:57
  It's probably going to get crazier in the next 5 to 10
• 1:13:00
  years. And so we got to really remind
• 1:13:02
  ourselves of what Sophie was saying, you know, be collective,
• 1:13:07
  like collected in your thoughts, like be cool, think, think about
• 1:13:10
  things before you go out and do something crazy.
• 1:13:13
  Now is not the time to be doing that.
• 1:13:16
  Then now is the time to really lock in, buckle, buckle into or
• 1:13:20
  buckle up in what you think is the correct way to act here.
• 1:13:23
  Of course, like think about what our actions are doing.
• 1:13:25
  Think about how our actions ripple around to everyone that
• 1:13:29
  we meet. And it just made me think like,
• 1:13:31
  OK, we're, we're locking in for the long run here, guys.
• 1:13:34
  Like we, we got to make sure that we can survive and we can
• 1:13:38
  outlast all of this craziness. And and usher in the peaceful
• 1:13:41
  world that we really do believe is coming.
• 1:13:43
  It's not going to be easy. It's going to take a long work.
• 1:13:45
  But This is why we love Bitcoin. This is why I say proof of work
• 1:13:48
  is a lifestyle We have to put in the work guys.
• 1:13:50
  So some of that is inwardly, some of that is, you know, in
• 1:13:54
  your day-to-day life, some of it is actual physical labor that
• 1:13:57
  you have to do. So that would be my final
• 1:14:00
  message, guys. Of course, you know, this is a
• 1:14:02
  long term movement here. And we, we got to be prepared
• 1:14:06
  for the long run, of course, continue to stack Bitcoin,
• 1:14:09
  continue to work, continue to be productive, all those good
• 1:14:12
  things. And This is why it is Opti, you
• 1:14:14
  know, optimist fields. It's something to live up to, of
• 1:14:17
  being optimistic and seeing the good things in life and the
• 1:14:20
  positives in life. And it's something that I, I try
• 1:14:23
  to live up to. This is why I love the name.
• 1:14:25
  This is why I love the pseudonym is because, you know, I was
• 1:14:28
  joking with Sophie. I, I, I've been complaining in
• 1:14:30
  the morning because like, maybe I don't have enough caffeine or
• 1:14:33
  whatever, just the, the, the news cycle.
• 1:14:36
  And I'm like, you know, it's not easy being optimistic every
• 1:14:40
  single day, but it's a way of life.
• 1:14:42
  And I think it's more important than ever right now to be
• 1:14:45
  optimistic and positive about where we're going.
• 1:14:47
  So lock in for the long run, guys, of course, continue to
• 1:14:50
  stack stats, call your loved ones all that good things, touch
• 1:14:54
  grass, get exercise, everything I say constantly.
• 1:14:57
  I think it's more important than ever to continue to, you know,
• 1:15:00
  double down on that message. So, so I'll give you the the
• 1:15:03
  final floor and then we will roll it out for this week.
• 1:15:06
  Yeah, we're remember that the same people who want to see you
• 1:15:11
  divided and who want to see you fighting with one another are
• 1:15:16
  those who have the ability to print money for free that you
• 1:15:20
  have to work for. Remember that.
• 1:15:22
  Remember that they are the same people who want to keep you
• 1:15:27
  divided. So the best thing that you can
• 1:15:29
  do, again, as I said at the beginning of the show, is opt
• 1:15:32
  out of that system and stop fighting with each other.
• 1:15:38
  Keep the peace. We are all humans on this earth.
• 1:15:43
  We are all, you know, we are all in this together and we have to
• 1:15:48
  find some way of, of coexisting and leaving each other alone
• 1:15:55
  without violence and without hatred or prejudice because that
• 1:16:01
  is what we were put on this earth for.
• 1:16:03
  We were put on this earth to love one another.
• 1:16:06
  And we, we really got to stop with the violence.
• 1:16:09
  We have to stop with the division.
• 1:16:11
  And as as difficult as this week was for I think all of us in
• 1:16:16
  this country, we have a responsibility to fix it by
• 1:16:21
  getting along with each other. And as hard as that might seem
• 1:16:24
  right now, there's. There's and and putting in the
• 1:16:28
  work and getting involved. I I that I think it's also very.
• 1:16:32
  Important Combat violence and bad actions with good actions.
• 1:16:37
  Do something kind for your neighbor this week.
• 1:16:41
  Do something nice for your family that that's really the
• 1:16:45
  best thing that you can do in times like these.
• 1:16:48
  So with that said, thank you guys so much for watching.
• 1:16:53
  If you like the show, if you like what we do, please smash
• 1:16:56
  the like button, hit the subscribe and share this video
• 1:16:59
  with your friends. It helps us a lot with the
• 1:17:01
  algorithms. And if you love what we do, you
• 1:17:05
  know, just continue to support us.
• 1:17:06
  We're really grateful for all of you in watching every single
• 1:17:11
  day. So this is Friday, it's Sophie
• 1:17:14
  and Opti and we are out. See you guys.
• 1:17:18
  We'll see you on Monday. We'll be back.
• 1:17:21
  Have a good weekend, man. Today's episode was brought to
• 1:17:24
  you by bitcoinwell.com, a Bitcoin only platform on a
• 1:17:28
  mission to enable financial independence.