Latest / Simply Bitcoin / Is the 2025 Bitcoin Bull Run Over? | EP 1340

Transcript

Is the 2025 Bitcoin Bull Run Over? | EP 1340 · Simply Bitcoin

• 0:00
  Yo, how's everyone doing? Is the Bitcoin bull run
• 0:04
  cancelled? Bitcoin dipped down to $110,000
• 0:08
  a coin last night, currently sitting at $111,000 a coin as
• 0:13
  whales have dumped a total of $16 billion worth of Bitcoin.
• 0:18
  This comes only weeks after we saw the record $80 billion sale
• 0:23
  that went through Galaxy, leading everyone to question is
• 0:27
  this it for 2025? Well, no one knows, but we're
• 0:31
  going to have a discussion about it today.
• 0:33
  And of course, I'm here joined with my legendary Co host who's
• 0:35
  always optimistic optimist fields and our very special
• 0:39
  guests for today, Hammer Time. We got James from Stamp Seed in
• 0:43
  the house, so let's just jump straight into the source
• 0:47
  material, ladies and gentlemen. So why Bitcoin whales sold $16
• 0:51
  billion? It's not a good signal for the
• 0:54
  market and it goes on to say things don't bode well for
• 0:57
  Bitcoin. Over the past month, Bitcoin
• 1:00
  whales, the term for entities that hold upwards of 1000
• 1:04
  Bitcoin, have sold over $16 billion worth of coins.
• 1:08
  The selling is happening at the fastest monthly rate since
• 1:12
  Bitcoins last having event in 2020. 4 quote.
• 1:15
  These whales selling are generally not a good signal for
• 1:19
  the market, especially if these sales come through long term
• 1:23
  holders of Bitcoin. Why markets tend to react
• 1:27
  negatively to both whale selling and long term holder selling.
• 1:32
  Bitcoin's biggest holders are losing their grip.
• 1:35
  In his September 23rd newsletter, Bitcoin analyst
• 1:39
  James Check flagged roughly $2 billion a day of revived supply
• 1:44
  or coins that long sat dormant are now moving back into
• 1:48
  circulation. That kind of activity often
• 1:51
  signals that large, seasoned and committed Bitcoin investors are
• 1:56
  moving capital elsewhere, even if they haven't lost faith in
• 1:59
  Bitcoin itself. Quote It doesn't look like I
• 2:02
  lost conviction in Bitcoin. I'm getting out sell side Chelk
• 2:06
  wrote. They will rotate back when the
• 2:09
  market starts moving again. Despite the uptick in selling,
• 2:13
  Bitcoin remains resilient. Let's see, let's see.
• 2:17
  But anyways, I'm moving on to the next post.
• 2:20
  This is by Andre. He says this time is different
• 2:24
  are known to be the most expensive words in financial
• 2:27
  history. But this Bitcoin cycle does look
• 2:30
  different. Number one percentage of huddled
• 2:33
  coins is as high as it was at the beginning of the last bull
• 2:36
  market #2 percent of a two. Number two, I don't know why he
• 2:41
  put 2% two of a liquid supplies at a multi year high 3 of 3% of
• 2:47
  the supply and exchanges. No, no, it's one the percentage
• 2:50
  of hollow coins, 2 the percentage of the liquid and
• 2:53
  this. Is why Opti's here and This is
• 2:54
  why he's my Co OS because it would be impossible without.
• 2:56
  Opti. So let me try that one more
• 2:58
  time. 1% of hollowed coins. Here let me read this.
• 3:03
  One the percentage of hollowed coins is as high as it was at
• 3:06
  the beginning of the last bull market. 2 the percentage of a
• 3:10
  liquid supply is at multi year highs.
• 3:12
  And three, the wait go back, the percentage of supply on
• 3:15
  exchanges is at multi year lows. Thank you, Opti.
• 3:19
  This is not how the end of the bull market looks like.
• 3:22
  This is how the beginning of a cycle looks like.
• 3:26
  So very interesting kind of pulling, you know, showing all
• 3:29
  this. Here's Bob Lucas who's very well
• 3:32
  known kind of like Bitcoin YouTube like kind of trade
• 3:36
  person and he says here we are now 5 weeks later Bitcoin
• 3:41
  looking to print its weekly cycle low holding up OK in my
• 3:45
  opinion 818,000 or above confirms the new cycle.
• 3:50
  Until then, bears slash downside remain in control.
• 3:54
  Moving on to the next post. I love this account.
• 3:57
  I follow it all the time that kind of does these like analysis
• 4:01
  of like comparing the different cycles and where we are in the
• 4:04
  movie and all that stuff. He says on September 23rd, he
• 4:09
  said you're calling top while I'm calling bottom.
• 4:12
  We're not the same. And he puts, I'd like to speak
• 4:16
  to the manager kind of making a joke.
• 4:18
  And this kind of breaks down the power Bitcoin power curve cycle
• 4:24
  cloud and where Bitcoin should be, you know, and of course,
• 4:28
  like this takes into account diminishing returns and all that
• 4:31
  stuff and etcetera, etcetera, etcetera.
• 4:33
  So it looks like we're right on track, so to speak.
• 4:38
  And then of course, all these posts before transmission,
• 4:41
  intercentric transmission from APSK 32 location uncertain and
• 4:48
  it shows the differences in the different cycles.
• 4:51
  And I think this one's like really, really useful in my
• 4:54
  opinion. So you have 2013, right where
• 4:58
  the price went up. You have 2017, you have 2021,
• 5:01
  and you have 2025. And of course, this takes into
• 5:06
  account the fact that every cycle has diminishing returns.
• 5:10
  But if you take a look at that, we're right on track.
• 5:12
  Now what I will say to all this, and I actually released a poll
• 5:18
  on X this morning kind of asking the audience, getting your
• 5:22
  guys's take. I said is the Bitcoin bull run
• 5:25
  over? Yes, no, don't care by the top.
• 5:29
  I'm a by the top maxi so. I was a no. 53% of you guys on X
• 5:38
  203 votes. All right, now I realize I'm in
• 5:41
  the wrong, Said no. 20% said don't care, 11% says buy the top
• 5:48
  and 14% said yes. So 14% of, you know, basically
• 5:56
  of, of, of people that follow me on on Bitcoin X think the cycle
• 6:02
  is over. And here's this article by
• 6:05
  bitcoin.com. Bitcoin price watch bulls on
• 6:10
  life support AS111K turns into the final stand Bitcoin is
• 6:15
  dancing dangerously close to the edge at 11 at 111,000, balancing
• 6:22
  a $2.2 trillion market cap and $51.7 billion in 24 hour volume.
• 6:28
  Like a circus act on caffeine with price swings from 111,000
• 6:33
  to 114,000, the charts are throwing out more mixed signals
• 6:38
  than a late night trading group chat.
• 6:40
  And here is bear. And you know he looks very
• 6:44
  bearish. That's a mean looking bear bro.
• 6:48
  Yeah, don't mess with grizzly bears.
• 6:50
  Yeah, grizzly bears are. Yeah, it's bad news.
• 6:53
  So what I will say is what I will say is this, I think that
• 7:00
  we are heading into Q4, which is historically when Bitcoin tends
• 7:06
  to outperform, it's when Bitcoin enters kind of like this
• 7:10
  parabola phase. And that's really going to be
• 7:16
  see like that's really where we're going to find out whether
• 7:19
  this cycle, whether this cycle is over or not.
• 7:22
  Now, in terms of kind of historical like precedence,
• 7:29
  Bitcoin is right where it's, it's been at every other cycle,
• 7:33
  like the, the part of the cycle where Bitcoin performs is always
• 7:38
  Q4 of the year after the halving.
• 7:43
  It seems like this cycle has been, has been playing out like
• 7:47
  every other cycle. We won't know until we know.
• 7:52
  So we're all kind of just watching and waiting, right?
• 7:56
  I think what makes it a little bit different this time is kind
• 8:00
  of the Bitcoin treasury companies coming into play.
• 8:04
  That kind of changed the discussion a little bit.
• 8:07
  The introduction of the ETFs, all this institutional
• 8:10
  involvement. Someone in the chat Domino's
• 8:14
  says institutions control the price now volatility will go
• 8:17
  down. Coins will drain from exchanges.
• 8:20
  That's fine that that like that was inevitable if you want
• 8:24
  Bitcoin to be a global reserve asset that institutions were
• 8:27
  going to get involved. But my only feedback, my only
• 8:31
  pushback to that would be, OK, if that's the case, then if, if
• 8:37
  these institutions are buying all this Bitcoin, like 10s of
• 8:40
  thousands of Bitcoin, 80,000 Bitcoin, 100,000 Bitcoin.
• 8:44
  Michael Saylor has 650 eight 48,000 Bitcoin.
• 8:47
  And this all happened in the last year and a half, two years.
• 8:51
  Like, why hasn't the price gone up?
• 8:54
  Right? That's, that's, that's my
• 8:55
  question, right? And I was actually talking to a
• 8:59
  buddy of mine, Alex Stanczyk, this morning and we were kind of
• 9:02
  talking about it and he was making the case that like, look,
• 9:05
  like there are people that got into Bitcoin under $100 and they
• 9:10
  were excited that Bitcoin got to 1000 or $10,000.
• 9:15
  So could you imagine holding Bitcoin from $100 to $100,000?
• 9:19
  Like, and they want to upgrade their lifestyle.
• 9:22
  So it's kind of like this capital rotation from the OGS,
• 9:26
  people that have been holding Bitcoin for a long time to the
• 9:29
  new entrance to the market. And you know, like that could be
• 9:34
  an explanation as to why we haven't seen a price rise in
• 9:37
  2025 percentage terms. We've only gone up 25% this
• 9:43
  year. And again, that's a fantastic
• 9:47
  return compared to any other market.
• 9:49
  But in Bitcoin terms, you know, it's, it's quite boring, I would
• 9:54
  say. So I don't know, we're in
• 9:56
  uncharted territory. We don't know what's going to
• 9:59
  happen for the rest of the 20/20/25 bull market.
• 10:02
  Nobody knows. Anybody that tells you otherwise
• 10:05
  is probably lying and we'll see what happens in Q4.
• 10:11
  Q 4 is going to be the determining factor of whether
• 10:14
  the cycles are still intact or we are truly in uncharted
• 10:20
  territory and the Bitcoin cycles have broken.
• 10:24
  And I would say that's a good thing and a bad thing.
• 10:27
  The good thing is that you're not going to have as much
• 10:30
  downside volatility. The bad thing is for forget
• 10:34
  about those parabolas that we used to have in the past and the
• 10:38
  dopamine rushes that that used to come with them, you know, but
• 10:42
  this is part of Bitcoin becoming a maturing asset.
• 10:46
  But again, the expectations and what I'm seeing on Bitcoin
• 10:49
  Twitter and on Bitcoin X is that a lot of people are still
• 10:53
  expecting an explosive Q4. But we shall see.
• 10:59
  Opti, we were celebrating in the beginning of September.
• 11:02
  We were saying, hey, this is sent Centember.
• 11:05
  Well, boy, did that get absolutely wrecked.
• 11:08
  OK, I was wrong and then we. Jinx ourselves 100% let.
• 11:14
  Me see, I I haven't looked at it today, so I I'll pull it up.
• 11:17
  Let's see. So September.
• 11:20
  Wow, it's way worse. So it was 8%.
• 11:23
  When I was saying that OK, so. September never fails.
• 11:27
  No, September. Always fails.
• 11:29
  Exactly it never. Fails.
• 11:30
  It never fails to not fail. It never fails to not fail and I
• 11:34
  think this September isn't any different so.
• 11:37
  Damn, that was that was ripped. Yeah, we, we, we totally,
• 11:41
  totally might have jinxed it anyways.
• 11:46
  So I but Q4 I'll pull that up. I'll pull that up again.
• 11:49
  So Q4 and you know looks, looks enticing.
• 11:56
  Historically it's been again the best performing part of the
• 12:00
  cycle. We'll see if that continues and
• 12:05
  let's see what happens. People in the chat are saying,
• 12:07
  hey look that Max is going to be 150 K this year.
• 12:11
  Man, it'd be nice to get to 125. K dude just break at all time
• 12:15
  high right? So anyways, if you guys are
• 12:17
  enjoying the show so far, help us break 100 likes within the
• 12:19
  1st 25 minutes of the show. So smash that like button.
• 12:22
  We're already at 300 live viewers on YouTube.
• 12:25
  Shout out to the X audience and of course shout out to the
• 12:28
  Rumble audience as well. Again, you guys are watching the
• 12:30
  most watched the most watched Bitcoin only live show on planet
• 12:35
  Earth. Smash that like button.
• 12:36
  If you guys are enjoying it so far, Opti, I'm gonna pass it on
• 12:39
  to you. And of course, we got James in
• 12:42
  the house. James is with stampseed and
• 12:45
  stampseed is very important because you wanna be able to
• 12:49
  store your generational wealth property.
• 12:52
  We're gonna properly and we're gonna be doing a live unboxing
• 12:55
  later on today's show. I got the new stamp seed kit.
• 12:59
  Oh, look at that. Looks beautiful.
• 13:01
  I haven't even opened it yet. You guys are gonna get my live
• 13:04
  reaction. You opened it.
• 13:05
  Yeah, yeah. I wasn't sure what it was.
• 13:07
  Why did you do that, 'cause I thought it was some other.
• 13:09
  I thought it was some other gear in here so.
• 13:11
  Opti's not gonna be surprised. I'm gonna be surprised and it's
• 13:15
  gonna be great. It's gonna be great anyways, so
• 13:18
  I wanna get your your takes. Opti is the Bitcoin bull run
• 13:22
  over. Well, you know, guys, look, last
• 13:27
  night I was feeling pretty good. It hit what, like 114?
• 13:31
  And I was like, all right, man, like there's life back into the
• 13:34
  cycle, there's life back into the price.
• 13:37
  And then I woke up and it was at 111 and I just laughed in pain
• 13:43
  and I was like, man, all right, well, that felt good for a
• 13:47
  little bit. You know, it's good seeing those
• 13:49
  those posts last night about it hitting 114K before I was going
• 13:53
  to bed. And then I woke up and instead
• 13:55
  of seeing a morning, you know, green candle glory, we saw, we
• 14:00
  saw a red candle. Do I think it's over now?
• 14:04
  Obviously we are still going. There's still a lot of room left
• 14:08
  like we're, we're maybe in the fourth quarter here or about to
• 14:10
  enter the fourth quarter. We're running down the third
• 14:13
  quarter and it, it's not feeling that good.
• 14:16
  But that does I'm, I'm of two minds here. 1, since every one
• 14:20
  of us is saying Q4 is going to be bullish, I'm, I'm like, man,
• 14:23
  it's probably not going to be bullish.
• 14:24
  Probably. Not going to be bullish kind.
• 14:27
  Of sketchy, if all of, yeah, we're all saying Q4 is going to
• 14:30
  be extremely bullish. I'm like, man, I feel like we're
• 14:33
  going to dump this time. You know this if, if Max Payne's
• 14:37
  scenario is we're all waiting for Q4 and if the meme this time
• 14:42
  is different, maybe this time is different, just not in the way
• 14:45
  we want it to be in the sense that it's going to run in Q4.
• 14:49
  It's probably going to dump just 'cause we're all waiting for Q4
• 14:52
  to happen. The other side is I think that
• 14:56
  this is looking at that one chart.
• 14:58
  I have been liking APS 32 or whatever his his Twitter account
• 15:02
  is. I have been liking his charts.
• 15:04
  He has been fueling me with the opium recently and I'm really
• 15:09
  hoping that we are about to make a good run here.
• 15:13
  And and you know, you guys know me, I've been on the show for a
• 15:17
  while saying my dopamine is completely fried and tied
• 15:20
  totally to the Bitcoin price. It's probably because it's my
• 15:23
  job here to talk about Bitcoin and all the things going on.
• 15:26
  So this year's felt long. It's felt very, very long.
• 15:30
  A lot of good news, but since we've been going sideways all
• 15:32
  year, you're just just thinking to yourself what is going on
• 15:36
  here, what is happening? But we did bring Whale Panda on
• 15:41
  up yesterday. And I think Eric Balkunas kind
• 15:44
  of tempered our expectations here really good on Twitter
• 15:47
  yesterday. Here is Whale Panda.
• 15:51
  Nika loves Whale Panda and he goes, imagine where we would be
• 15:54
  without ETFs in BlackRock. And he goes probably around 200
• 15:57
  to 250 K right now on track with a normal cycle.
• 16:01
  And Eric Balkunis, obviously, he's the senior ETF analyst at
• 16:05
  Bloomberg. Kind of, I guess maybe tempering
• 16:08
  our expectations and maybe being the adult in the room, having a
• 16:11
  little more experience than a lot of us Bitcoiners now that
• 16:14
  Bitcoin is being matured or rather is maturing.
• 16:17
  And he goes, bro is somehow pissed because Bitcoin only went
• 16:21
  up 350% since the ETF filing two years ago.
• 16:24
  That's 93% annualized return about 5X U.S. stocks.
• 16:28
  I think the issue here is that the gains have come without God
• 16:31
  candle dopamine hits. So people going through
• 16:33
  withdrawal. But this is the natural way of
• 16:35
  things for a maturing asset less volatile movement.
• 16:38
  And there are many benefits to that.
• 16:40
  Got to evolve homes and and they do kind of go back back and
• 16:43
  forth. Yeah, and then, well, Panda
• 16:46
  goes, you keep ignoring the fact that we were at 69 K without ETS
• 16:50
  and in a hostile environment. Gold is a perfect example, got
• 16:53
  absolutely ruined by ETS for a decade.
• 16:56
  Eric responds, yeah, it's bad to have more investors.
• 16:59
  You got to take a walk or something or invest in bonds.
• 17:01
  So you know just how good you have it.
• 17:03
  And I I think that is kind of the take away here is, yes, so
• 17:09
  far in the year, of course, we still have a few months left in
• 17:12
  the year. We're about to enter the 10th
• 17:14
  month. I think there's still a lot of
• 17:17
  room for Bitcoin to run in the in the last quarter.
• 17:21
  And though even inflation adjusted price, like if if you
• 17:25
  look at the price chart, inflation adjusted price, I
• 17:27
  think the 69 K inflation adjusted price is like 85 K for
• 17:32
  the last top. So it, it doesn't feel that good
• 17:34
  running what I don't know, 15% in a year or something like
• 17:38
  that. But overall, it has been
• 17:41
  extremely bullish in price movement.
• 17:44
  And I think it really does set up the theory that I've been
• 17:48
  making on the show for a while that since these institutions
• 17:52
  are in, they do move a lot slower than like, you know, a
• 17:57
  more nimble investor or a Bitcoin company.
• 17:59
  But it does feel like the foundation is being built right
• 18:02
  now. It does feel like the steps are
• 18:03
  being built and maybe it does lean into elongated cycles or no
• 18:09
  more bear markets. And I know a lot of people out
• 18:12
  there are readjusting their four year cycles.
• 18:14
  There's Raoul Paul saying it's a five year cycle.
• 18:16
  So now, which is just hilarious. It's like when your models are
• 18:18
  wrong, you just kind of adjust your models to fit the data.
• 18:22
  Obviously it's it's cherry picking.
• 18:24
  It's not that it's not that scientifically rigorous, but I
• 18:29
  think what we're seeing is a fundamental shift in what's
• 18:32
  going on in Bitcoin now. Do I think that's a bad thing?
• 18:34
  Not necessarily. I'm just, you know, I'm, I'm a,
• 18:38
  I'm a dopamine, dopamine addict here and I I want to see God
• 18:41
  candles again. I I think they're still on the
• 18:43
  table. I'm hoping that they're on the
• 18:44
  secret in and out menu here. They're going to pop up Q4.
• 18:48
  But for now, I think we might have to readjust expectations.
• 18:52
  And it really reminds me of what Uncle Rockstar was saying the
• 18:54
  other day. It's like if you're expecting
• 18:57
  something to happen, you know, that's basically on you.
• 19:02
  And I was even having a combo with one of our Twitter kids and
• 19:06
  he was like, man, should I sell my car?
• 19:09
  If Bitcoin goes up to 300 K, then you know, I'll be able to,
• 19:12
  I'll be sitting pretty. And I'm like, dude, like selling
• 19:15
  your car to stack Bitcoin is probably a good idea, But if you
• 19:19
  are making financial moves with the expectation of Bitcoin doing
• 19:23
  a 3X, that's probably not the smartest move to do.
• 19:26
  And he's like, yeah, OK. And so the more of the story is
• 19:30
  as long as you're saving in Bitcoin, holding it for the long
• 19:33
  term and not doing any kind of financial trickery to justify
• 19:38
  your moves, then you're going to be good.
• 19:40
  Yes, I know we all feel poor this morning, but I I think this
• 19:44
  is just part of the game. I think you just kind of have to
• 19:46
  patiently wait and sit on your hands.
• 19:49
  The patient are the one that win right now.
• 19:51
  And as much as it's painful, it be hard to not do anything and
• 19:55
  watch the Bitcoin price not do anything and wonder and re
• 19:58
  evaluate your kind of you know. Heuristics and foundations, I
• 20:02
  think. I think it's all working exactly
• 20:04
  as planned, so I'll I'll I'll stop ranting at that.
• 20:07
  The ponzi's over, it's done over.
• 20:09
  Wrap it up, wrap it up. Anyways, we've been ranting and
• 20:12
  raving and giving our opinions, hoping about what's happening
• 20:18
  and this is what we do. Anyways, we got James Hammer
• 20:22
  time stamp seed in the house. James, what's up bro?
• 20:26
  What? What are you thinking?
• 20:27
  What are you thinking about these days when you see the a
• 20:30
  Bitcoin price action? Is the Bitcoin bull run for 2025
• 20:34
  over? Should we pack it up and come
• 20:36
  back in four years? Oh man, I don't know, it could
• 20:39
  be I have a social love hate relationship with the price of
• 20:42
  Bitcoin. Obviously I want to see it go
• 20:44
  up, but if it goes down, right, you have the opportunity to
• 20:48
  stack more stats cheaply and we know what we're buying.
• 20:50
  For me, it's a long term asset, right?
• 20:52
  I, I kind of act as if I'm going to live to 200 years old, you
• 20:56
  know, I don't plan to kind of touch my Bitcoin.
• 20:58
  So like, that's why the love hate relationship exists with
• 21:01
  the price. I, you know, I kind of want to
• 21:03
  go down. I want to stack more.
• 21:05
  I'm being a little greedy here, but at the end of the day, we
• 21:08
  kind of know what we hold. If you study Bitcoin and
• 21:10
  understand it fully, you know, you just kind of, and you have
• 21:13
  the time preference. If you have years on your side,
• 21:17
  you know, it's OK. Four years doesn't sound like
• 21:19
  that long. The period of time I could kind
• 21:21
  of handle it. And it's kind of funny, like a
• 21:23
  lot of people in my, I know a lot of people that don't have
• 21:25
  Bitcoin, I'm sure a lot of us do.
• 21:27
  Most, you know, family and friends, everyone I'm speaking
• 21:30
  to is basically in the camp of, oh, I'm just waiting for the
• 21:32
  price to come down. That's what I'm going to buy.
• 21:34
  You know, it's too high right now.
• 21:36
  It's coming down. But like Nico, as you were
• 21:37
  saying before, the downside volatility might not be there
• 21:40
  anymore. So those opportunities to come
• 21:42
  in and buy Bitcoin at those cheap prices, you know, when,
• 21:45
  you know, people just wait for that knife to drop and they try
• 21:48
  to catch it at the right time, you know, with everything they
• 21:50
  have. I don't know if that really is
• 21:51
  going to happen anymore. I'm still kind of staying the
• 21:54
  same path of DCA at this point. And that's the thing that I'm
• 21:57
  telling people that are closest to me, you know, put aside what
• 22:00
  you can on a weekly basis, basically trade that Fiat in for
• 22:04
  Bitcoin and just kind of, you know, do that every week, every
• 22:07
  day, you know, however is best fit for you.
• 22:10
  But you basically you're out there in the world, you're
• 22:13
  mining Fiat. And I, I almost imagine as
• 22:16
  you're putting in a machine and Bitcoins coming out, like
• 22:18
  that's, that's what your goal is.
• 22:19
  Keep doing that. You know, price over time will
• 22:23
  go up. And the longer you hold, the
• 22:25
  better it is. The people that have held
• 22:26
  Bitcoin for a year more are up like 100%.
• 22:30
  So, you know, just stick to that path and that that's pretty much
• 22:33
  what I'm doing. Like I said, I hate the price of
• 22:34
  Bitcoin. I want it to go up.
• 22:36
  I love Bitcoin, but I just hate price.
• 22:37
  I hate talking about the price, but obviously that's a big topic
• 22:41
  and you know, that's what a lot of people are interested in and
• 22:43
  you know, it tells you a lot about the health of the
• 22:45
  environment. So it's a good thing to be
• 22:47
  following. And I'll just finish with saying
• 22:49
  I said what was telling you guys earlier is that the I don't
• 22:52
  really understand stocks. I don't understand investing.
• 22:54
  I'm not a finance guy. That's why that's why I love
• 22:56
  Bitcoin. That's why I'm really open to
• 22:59
  understand, like I could fully understand it, at least the
• 23:02
  basic concepts. It's a it's kind of a lifelong
• 23:06
  learning process where you're, you know, you kind of know what
• 23:09
  you hold, you know what that asset is.
• 23:10
  And I don't have really time to, to be a part time investor,
• 23:13
  right? And that's kind of what the
• 23:14
  dollar has forced us to do. That's what inflation has forced
• 23:17
  us to pretty much do. But in in just kind of holding
• 23:20
  Bitcoin long term, it just makes it a lot easier to just stack
• 23:23
  it. You kind of know what you have
• 23:26
  and basically like you're seeing the entire like foundation of in
• 23:31
  the in the tradfi world, Bitcoin is becoming the foundation of
• 23:33
  it. I was at the Bitcoin treasuries
• 23:35
  on conference in New York City and it was just a totally
• 23:37
  different world that's coming in and you can see all these things
• 23:40
  happening being built in the background.
• 23:42
  It's coming like this is going to be part of probably four O 1
• 23:46
  gaze soon enough every a major institution is going to be into
• 23:51
  Bitcoin and there's so many different ways these companies
• 23:53
  are using it and leveraging it. And like I said, that's a world
• 23:56
  that I don't understand anything of or part of, but you see
• 23:59
  enough and you get enough of vibe to know that wow, like
• 24:01
  this, this is going to be the foundation of the you know, this
• 24:04
  is the future of finance, of course, and is is there that
• 24:08
  bottom anymore? I I don't think it exists
• 24:10
  because of that. There is a safety net in place
• 24:12
  essentially, so you know, stay humble, stack sats as usual,
• 24:16
  stamp your seed words into the titanium plates and hold it
• 24:19
  forever. That's my goal.
• 24:22
  Wait, wait, this comment by Stacey's hilarious.
• 24:25
  Everyone loves a good sale. Unless it's Bitcoin, it's not
• 24:29
  true. So a couple things there, which
• 24:31
  is to, to unpack, James, which you, you, you kind of buried the
• 24:36
  lead, which is the aspect of the, you went to the
• 24:40
  unconference conference in New York City.
• 24:43
  By the way, shout out to Tim Kotzman and, and the whole crew.
• 24:46
  They did a fantastic job putting that together.
• 24:49
  And, but I remember watching Art of that and they they had such a
• 24:55
  incredible production and I was looking at Opti and I was like,
• 25:00
  dude, like I kind of don't understand a lot of the things
• 25:02
  that are. Yeah, it was the sailor speech.
• 25:04
  I kind of like don't understand a lot of the things that they're
• 25:06
  being talked like is being talked about and like
• 25:10
  essentially like what we're seeing with Bitcoin right now is
• 25:14
  that it's being financialized and that traditional financial
• 25:18
  players are coming into Bitcoin and it's changing a little bit.
• 25:24
  And like the like the idea of how Bitcoin was up up until, you
• 25:30
  know, the really the introduction of the ETFs last
• 25:33
  year, which was primarily it was retail driven.
• 25:37
  And that's why you would get these crazy parabolas and then
• 25:40
  the crazy dumps and all that stuff that really hasn't
• 25:45
  happened this time. It kind of reminds me of like
• 25:48
  I'll pull up the Google trends so you guys could see what I'm
• 25:51
  talking about, but we haven't really had a, we really haven't
• 26:00
  really had a like a, you know, interest in Bitcoin since 2017
• 26:11
  by retail. Like the numbers speak for
• 26:14
  themselves. This is the 2021 bull market.
• 26:18
  This is the 2017 bull market. And the last time we really got
• 26:23
  it and you guys felt it, it was like around November of last
• 26:26
  year where we got more of an interest.
• 26:29
  But all of this year, really all of this year, there's been
• 26:35
  basically as much interest as 2019, right?
• 26:40
  So. And the state of Nevada
• 26:43
  apparently really loves Bitcoin. Bitcoin conference.
• 26:46
  Bitcoin conference. Yeah, exactly.
• 26:48
  So, yeah, I mean, this is what we're going through right now is
• 26:52
  that Bitcoin is just it's it's you know, it's become
• 26:56
  institutionalized a little bit. It's it's grown up.
• 27:00
  And I think that could explain a lot of the price action.
• 27:03
  I think it was our boy Mauricio from from Leaden, the Co founder
• 27:07
  of Leaden. He was saying like, look like, I
• 27:11
  think the bright price action's going to look a little bit
• 27:13
  different moving forward because now it's smart money who's
• 27:17
  accumulating. And smart money, when they
• 27:20
  accumulate, they don't accumulate the way that retail
• 27:24
  accumulates where they just smash by like smart money is
• 27:27
  just like accumulating slowly, trying not to make the trying
• 27:34
  not to make the price go parabolic.
• 27:37
  Yeah, he, James got the hammer. We're we're going to talk about
• 27:40
  stamp seed during the culture guys.
• 27:41
  Don't worry. So anyways.
• 27:44
  Wait, wait, I want to say one last thing.
• 27:45
  Since Bitcoin is growing up, it really reminded me of just me
• 27:50
  growing up. And growing up sucks.
• 27:52
  You know, like being a kid is the best.
• 27:54
  And man, is this is this what growing up really means?
• 27:57
  This is horrible. I I'm not a fan of growing
• 27:59
  older. Anyways, guys, it's going to be
• 28:04
  a fantastic show. We have tons to cover, but
• 28:07
  before we jump into it, I do want to give a shout out to our
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• 29:03
  if you don't feel like clicking the link in the video
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  description. Anyways guys, let's jump into
• 29:07
  the show. We have tons to get to.
• 29:08
  We're going to be right back in just a bit.
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• 30:30
  Alright, everybody, at the time of recording the Bitcoin price
• 30:32
  is 110,700 $110,700 sats per dollar, 903 block height 916,351
• 30:44
  realized monetary inflation .85% market capitalization 2.21
• 30:49
  trillion Bitcoin versus gold market cap 8.34% percentage
• 30:54
  issued 94.88%. And the grand scheme of things,
• 30:59
  I think we're just getting started specifically with a
• 31:00
  Bitcoin versus gold market cap. I can't wait for Bitcoin to
• 31:03
  catch the market cap of gold. That would be the ultimate Peter
• 31:06
  Schiff meltdown. And it, it, it's going to be
• 31:09
  fantastic. And Bitcoin will be at that
• 31:12
  point, I think over $1,000,000 per coin.
• 31:13
  But I saw Larry Leopard talking about this the other day.
• 31:17
  You know, what does that like represent?
• 31:20
  Like how much will $1,000,000 buy you when a when bitcoin's at
• 31:24
  $1,000,000 per coin? I think that's the question on
• 31:27
  everybody's mind. Anyways, I got something to
• 31:30
  share with you guys some some thoughts and you guys know the
• 31:34
  deal. We're not a political on this
• 31:36
  show. We don't need left or right or
• 31:39
  pick a party or, you know, we, we actually were endorsing the a
• 31:43
  Democratic candidate or for governor in California the other
• 31:46
  day because. He was.
• 31:47
  I saw they wrote a political article about.
• 31:49
  Him today so you guys know the deal.
• 31:50
  We're we're team orange we're we're team Bitcoin.
• 31:53
  That's what we're all about. But I I, I see the events
• 31:58
  happening in the country and they concern me a lot.
• 32:03
  You know, the, the political violence, the division between
• 32:08
  the right and the left, and I think Bitcoiners are really the
• 32:11
  only ones that under truly understand why this is happening
• 32:16
  and what is the cause of this happening.
• 32:19
  And I'll and I'll make it. It's very clear for anyone who's
• 32:22
  watching, right? And by the way, a politician
• 32:26
  won't save you here. It it, it doesn't matter how you
• 32:29
  can't vote yourself out of this politically.
• 32:33
  What you can do is you can choose to use better money and
• 32:38
  that's where Bitcoin comes in. Fix the money, fix the world.
• 32:41
  But anyways, this is what I wrote.
• 32:42
  I said never seen the divide between the right and the left
• 32:45
  and so great in America. The root cause I believe is the
• 32:48
  wealth inequality, despair and nihilism brought about by Fiat
• 32:52
  money. History shows things will get
• 32:54
  worse as more lose hope. The only true way forward is to
• 32:58
  fix the money and that's the keyword there is people are
• 33:02
  losing hope. And I had me and Alex Stanczyk
• 33:06
  were talking this morning and I love the way he phrased it.
• 33:10
  He was just basically like, look like Nico, you have to
• 33:12
  understand, like the previous generations, like they were
• 33:15
  buying houses for like 50 grand, right?
• 33:19
  And most people can't even like pay for, you know, their food,
• 33:24
  right? And now all these houses are
• 33:26
  like going for like half $1,000,000 like, and the people
• 33:31
  that can't even buy their food, like they're expected to put
• 33:35
  down $500,000 for a house. Like that's crazy, that's
• 33:39
  insanity. But this is Fiat money.
• 33:42
  This is, this is what Fiat money does.
• 33:45
  And it's really, really broken. The, you know, it's, it's, it's
• 33:51
  really kind of broken. It's taken away the hopes of the
• 33:55
  future generations. That's what I will say.
• 33:58
  And Bitcoin restores that hope. It brings that hope back, right?
• 34:02
  It allows you to save in for save for the future.
• 34:04
  Like forget about the dopamine hits, you know, from the from
• 34:08
  the parabolic Bitcoin bull runs of the past.
• 34:12
  Forget about that for just a second.
• 34:13
  Like let's just put that aside for the sake of this
• 34:16
  conversation. And if you just use Bitcoin as
• 34:20
  money, just as money, you're not looking to, you know, get
• 34:25
  wealthy out of it and investment.
• 34:27
  If you're just using it as money, it is better money.
• 34:30
  It's better money. You won't lose your purchasing
• 34:32
  power. Your purchasing power will
• 34:34
  increase over time, and that allows you to save and plan for
• 34:40
  the future, right? So it goes from this psychology
• 34:45
  of despair and lack of hope and nihilism, which is fueling the
• 34:52
  political division because people inherently know something
• 34:56
  is wrong with the system. You know that in the 1950s, the
• 35:00
  two political parties, in terms of policies were like, kind of
• 35:03
  like indistinguishable, indistinguishable from each
• 35:06
  other in terms of like what they wanted to do.
• 35:09
  Wait, that's not today. You got you Love Opti, love
• 35:15
  Opti. You're trying to be inclusive
• 35:17
  with the messaging and be friendly.
• 35:19
  You know, Opti's been watching some interesting content.
• 35:23
  I'm just saying they're not too different.
• 35:25
  And I think, I think from a, from a policy standpoint, I
• 35:29
  think they are very different actually.
• 35:31
  I mean, I'd agree, but. So.
• 35:34
  Tomato. Tomato.
• 35:35
  And that's what I'm talking about.
• 35:36
  From a policy standpoint, I think the political parties are
• 35:39
  very, very different. And I think that people are,
• 35:43
  are, you know, they, they feel the pain and they, they, they,
• 35:47
  they, their way of, of that escape valve for that pain, that
• 35:51
  valve like kind of vent and get their expression out is through
• 35:57
  what's been happening over the last, you know, 4/4 to 10 years.
• 36:03
  Like we, you guys have to understand something.
• 36:07
  We still haven't felt the consequence of what happened in
• 36:10
  2008 and 2009 when the QE experiment started.
• 36:15
  We still haven't paid for that. That that can has been
• 36:19
  continuously kicked down the road and there has been
• 36:23
  unintended consequences coming out of that.
• 36:26
  The complete destruction of the middle class in the United
• 36:29
  States. You know, all the other policies
• 36:33
  that you you can connect them to the fact money is broken and
• 36:37
  that misaligns the incentives. Most people don't have assets.
• 36:42
  If you don't have assets when the Fed, when the Fed prints
• 36:45
  money, you don't get richer. You get poorer because your
• 36:49
  salary, the basis, your savings, the little savings that you do
• 36:54
  have, which is in your bank account that is sitting in Fiat,
• 36:57
  that the basis. The people that do have assets,
• 37:01
  the people that do have the means to have assets, like in
• 37:04
  real estate, in equity, when the Fed prints money, they get
• 37:09
  wealthier and that causes the bigger divide, the bigger wealth
• 37:13
  inequality that you feel. Is.
• 37:15
  Literally caused by the central bank.
• 37:17
  That's my opinion, could be wrong, but that's my opinion
• 37:20
  anyways. No, I wanna get James thoughts.
• 37:22
  James, what are your thoughts on this man?
• 37:24
  Because I think we've all been seeing this, living through this
• 37:29
  as a country, this divide that we see.
• 37:32
  I don't think I've ever seen politics as heated as they are
• 37:37
  today. They've never been like this
• 37:38
  before, right? Bring me no, no.
• 37:41
  Bring me back to 2010. Like, bring me back to that
• 37:44
  time. Like I didn't.
• 37:45
  Everything was kumbaya. It was, it was really cool, you
• 37:48
  know, but that. I'll take 1998.
• 37:51
  I like 1998 a lot, man. I'll go back there.
• 37:54
  Let's go. Back to 19. 98.
• 37:56
  Exactly. So.
• 37:57
  James, what are your thoughts bro?
• 37:58
  Yeah, man, I, I feel very similar to you.
• 38:01
  And I think the main message is Fiat erodes society in every
• 38:06
  way, shape and form you could possibly imagine.
• 38:08
  And what I mean by that is when something like the money you
• 38:11
  hold, as you explained, if you're not holding assets, the
• 38:13
  Fiat that you hold in the bank is basically melting on you.
• 38:16
  But you're still going to work every day.
• 38:18
  You're still busting your hump. The hours haven't changed, but
• 38:22
  you're making less money now, and then everything becomes more
• 38:24
  expensive around you. That becomes problematic
• 38:27
  throughout your day. If you're worried about these
• 38:28
  problems in your personal life while you're at work, well, your
• 38:31
  work is going to come out worse. You're going to have a probably
• 38:33
  worse relationship with the people in your job because
• 38:35
  you're going to be less satisfied in life when you come
• 38:38
  out of work. You might be prone to needing a
• 38:41
  place to escape from. You might need to numb yourself.
• 38:44
  Alcohol, drugs, Netflix, Uber eats, like all these things are
• 38:50
  just kind of keeping people numb and satisfied.
• 38:52
  And when they see everyone else around to doing, they feel like
• 38:54
  that's the thing to do. And like everyone kind of has
• 38:56
  this angst build up and this anger, but they don't know what
• 39:00
  they're angry at and they're being manipulated to being angry
• 39:03
  at each other. And that's the whole left first
• 39:05
  right thing that we're seeing. But the true enemy is the Fed.
• 39:07
  It's printing the money. It's basically the theft that's
• 39:10
  happening, that double taxation. And you know, things, things
• 39:13
  around you degrade like when you are when you realize that you
• 39:17
  can't even afford a down payment on a home and you're kind of
• 39:21
  stuck. You might be saying to yourself,
• 39:23
  how am I going to start a family?
• 39:24
  How am I going to have children? How am I going to pay for my
• 39:26
  kids to go to college? Well, you know what?
• 39:28
  The American dream is over. I can't do anything like that.
• 39:31
  The the cards are stacked against me.
• 39:34
  You know, I, I deserve the opportunity to just relax at
• 39:38
  this point and do all of those vices and those things that I
• 39:40
  was mentioning before. I truly feel that that's kind of
• 39:42
  where people are leading into and they think it's, you know,
• 39:44
  kind of OK, there's a new norm for these people.
• 39:47
  The whole anti family agenda is helping fuel this and give
• 39:51
  people justification to kind of keep going down this route.
• 39:55
  But like I said before, the yacht, a road society, every
• 40:00
  aspect of it. If you look at Weimar Germany,
• 40:03
  you know, things that happened there, just, you know, from the
• 40:05
  extreme hyperinflation that occurred, right?
• 40:07
  People lean to prostitution. They lean into transgenderism.
• 40:13
  You know, all these things that, you know, I'm not for against,
• 40:16
  you know, I don't really take a stance, but there are a lot of
• 40:18
  things that push people away from starting a family and, and
• 40:22
  having that whole family, you know, mindset and kind of
• 40:25
  building and growing and leaving a legacy and leaving your legacy
• 40:28
  behind and passing on your wealth ultimately, right.
• 40:30
  If there's nothing to pass on, you know, what's the point,
• 40:33
  right? When you have something to pass
• 40:35
  on, something that's grown from the work that you've put into
• 40:39
  the world, it's something that you have that you can represent
• 40:42
  when that when that's melting it it, you know, nihilism sets in.
• 40:46
  So, you know, the theme is Fiat, a road society, the best way.
• 40:51
  And the Fed is against you in every way, shape and form.
• 40:54
  They're basically stealing from you constantly.
• 40:57
  And then I think the US just keeps all this afloat by selling
• 41:00
  off bonds and then other countries are buying our debt.
• 41:03
  And that's what's kind of keeping everything, you know,
• 41:05
  from not blowing up right now and from not needing to take
• 41:08
  wheelbarrows of cash to buy bread and milk, But that that
• 41:13
  might not be too far along. Like, I feel like it's a
• 41:15
  gradually, even suddenly situation with, you know,
• 41:17
  hyperinflation. And the best thing you do to
• 41:20
  protect yourself is to fight against that.
• 41:22
  And, you know, you're growing up prior to Bitcoin, there was no,
• 41:27
  I always felt this way, but I didn't know really what to
• 41:29
  pinpoint on or how to target. And you always just felt this
• 41:31
  anger, like, how do you fight this?
• 41:33
  How do you get out in front of this?
• 41:34
  What can you do? And there wasn't really anything
• 41:36
  you do other than to get angry, upset, frustrated, blame it on
• 41:40
  the system, you know, feel bad for yourself and see where that
• 41:43
  takes you. Now you have the opportunity to
• 41:45
  literally buy Bitcoin, put in cold storage.
• 41:47
  And I always look at that as kind of analogy of like a if
• 41:50
  you're a revolutionary, you know, back in, you know, 200
• 41:53
  years ago, you could take arms, right?
• 41:56
  You could you could, you know, form a militia Every every
• 41:59
  bullet is, you know, ammo, right, It's it's you need to
• 42:02
  kind of get strength on your side.
• 42:04
  I feel like Bitcoin does that with every SAT that I purchase.
• 42:07
  I look that as a form of ammo, not to be violent, but you know,
• 42:11
  for the peaceful Bitcoin revolution, right, that's the
• 42:13
  whole idea here. And I feel like every person
• 42:16
  that takes Bitcoin off of the exchange into coal shortage and
• 42:20
  holds it. That's just like like you see
• 42:22
  the health bar of the Fed kind of going down every time that
• 42:25
  happens. And I want to see that health
• 42:26
  bar depleted and gone. I want a Bitcoin future.
• 42:30
  So that that's what kind of inspires me to get Bitcoin.
• 42:33
  And in my life, it's gotten better since holding it.
• 42:35
  Things have improved all around every way, shape and form.
• 42:38
  The struggles that people go through that I've mentioned in
• 42:41
  this are struggles that I've dealt with some of them and I've
• 42:44
  been nihilist before. I didn't really see a future.
• 42:47
  And then it's amazing how fast things could change, but without
• 42:50
  the support of Bitcoin and almost knowing that that is a
• 42:53
  way to anchor in my, my effort into the world, a way to watch
• 42:57
  it grow and kind of like a foundation to step off on, You
• 43:01
  know, it gave me the ability to, to do these things, to take
• 43:03
  these chances. Without that foundation, it's,
• 43:06
  it's scary, right? You can't really build on a
• 43:07
  broken foundation. It's, it's impossible.
• 43:10
  So I look at bitcoins as a foundation to my life.
• 43:12
  And then above it is like family, friends, health, you
• 43:17
  know, working out and eating the right foods, understanding what
• 43:20
  the foods are that are, you know, what's in there, how it's
• 43:22
  kind of poisoning you and just making things worse.
• 43:24
  How Fiat has been the reason why foods are being manipulated and
• 43:28
  why the basket size has went from like 5 products to like 150
• 43:31
  products. And they just pick whatever's
• 43:32
  the cheapest subsidized food, put that in the basket and they
• 43:34
  tell you inflation's not going up and it's 2%.
• 43:37
  Meanwhile, it's like 7%, you know, make a basket of eggs,
• 43:40
  beef, milk, cheese. Tell me what inflation looks
• 43:43
  like. It's crazy.
• 43:43
  Don't put wheat Thins in there and, and lie to us, which is
• 43:46
  what they're doing. So Bitcoin is the foundation to
• 43:49
  everything getting better in life.
• 43:50
  And it's happened to me. And I, I'm kind of still
• 43:53
  surprised because, you know, I didn't really see a future at,
• 43:58
  at a point in my life with a lot of these things I mentioned and
• 44:04
  why Bitcoin put in cold storage. I, I think that's like that
• 44:06
  health bar. You want to see that Fed health
• 44:08
  bar going down? Hey, man, I think that was that
• 44:11
  was beautifully, beautifully said.
• 44:13
  All right, everybody, we still got to help.
• 44:15
  Wait, wait, wait. Let me, let me pop in here
• 44:16
  because I know I'm, I'm not going to go on a fool like
• 44:19
  Auntie Nica ran here. I think we've, we've talked
• 44:26
  about this a lot on the show. I, I had to pause it.
• 44:29
  We've talked about this a lot And, and I, I do give, I, I do
• 44:33
  just give you crap on the show a lot.
• 44:35
  I just feel like troll you 'cause I think it's funny.
• 44:38
  But I think one of the strongest Bitcoin memes that we have is
• 44:44
  the fix the money, fix the world.
• 44:45
  And we've said it on the show plenty of times.
• 44:48
  And, and you know, I echo everything James said.
• 44:50
  I, I do agree with Nico on many things.
• 44:53
  I, I just like to troll him because it's, it's easy to get
• 44:56
  Niko to get rage baited on the show.
• 44:57
  But we've said it in various different ways on the show
• 45:02
  before that a lot of people are looking for political solutions
• 45:07
  for problems. And this is where we're seeing
• 45:08
  this huge divide happen in the world.
• 45:11
  And This is why I fundamentally think that Bitcoin and
• 45:14
  Bitcoiners themselves transcend this divide, because what we're
• 45:18
  saying is essentially like, you know, you, you can, you can put
• 45:22
  whatever color lipstick you one on the pig, but it's not going
• 45:24
  to fundamentally change what's going on.
• 45:26
  What is going to change the current order of the world is a
• 45:30
  new money. And if we all go back to a
• 45:32
  better money, or rather jump onto a better money, opt into a
• 45:36
  better money that is Bitcoin, then we will fundamentally have
• 45:39
  a different results than what we're having here.
• 45:41
  And so maybe I, I just go, you know, a little deeper.
• 45:45
  Sometimes I'm like, guys, it's the money.
• 45:47
  How could it not be so obvious that it's the money?
• 45:50
  I even did a tweet last night that didn't get any traction.
• 45:53
  But but hey, it is what it is. It was some bars.
• 45:55
  And it was like in 1913, we we all got rug pulled and we got
• 45:59
  paper money. And then for the last 100 years,
• 46:02
  those close to the money printer were able to acquire power and
• 46:06
  resources. And everyone else basically got
• 46:08
  a participation trophy. And we've all been told, yeah,
• 46:11
  you know, we're fixing this for the better, you know, the tug of
• 46:14
  war between the left and the right.
• 46:16
  He's like, yeah, you know, things are going to finally
• 46:18
  change. And that's why it's just, it's
• 46:21
  very obvious to me as a bitcoiner that this whole thing
• 46:23
  does transcend politics. It it is a cultural phenomenon,
• 46:28
  as we constantly say, as other people say, you know, politics
• 46:32
  is downstream from culture. And until we fundamentally shift
• 46:35
  the culture, then nothing's really going to change.
• 46:37
  And the biggest shift we can do for culture is people
• 46:40
  understanding what is a good money and how that affects
• 46:43
  society. Like, I don't think it's a
• 46:45
  coincidence. And actually me and James were
• 46:47
  talking about this before the show in, in the sense of will
• 46:51
  Bitcoin be taught in the future in economics courses?
• 46:53
  And, you know, bringing it back to the present or even the
• 46:56
  recent past, Like, I don't think it is a coincidence that none of
• 47:00
  us were really taught how money works or what money is.
• 47:03
  And This is why this, you know, cycle can continue to be
• 47:07
  perpetuated. And I did see this interesting
• 47:09
  chart here. And I, I think it really does
• 47:12
  elaborate or explain what the pain is that most people are
• 47:15
  feeling. It's just most people don't have
• 47:18
  a, a conclusive solution to this.
• 47:21
  I, I don't think we as, as a, a modern person, because we are so
• 47:26
  disenfranchised and we are all in our different silos on social
• 47:30
  media. This is why there is a huge
• 47:33
  divide. And you can point at this chart
• 47:35
  and, and you can probably make up different solutions to this,
• 47:39
  but what am I talking about? Bark Bar Chart posted this
• 47:43
  yesterday and it's a chart of the top 1% of US earners.
• 47:46
  And it's showing that now basically for the first time
• 47:49
  ever, or at least in the last, you know, in my lifetime, the
• 47:54
  first time that we've had the top 1% of wealth have more
• 47:58
  wealth than the entire middle class.
• 48:00
  And so you can have a bunch of different political solutions to
• 48:04
  this problems. And there's probably some that I
• 48:06
  would disagree with and some that I might kind of sort of
• 48:09
  agree with. But it doesn't change the fact
• 48:12
  that the money is broken and our fundamental base layer is
• 48:16
  completely detached from reality.
• 48:19
  And this isn't a left and right issue.
• 48:21
  It's, it's really a haves and haves not issue.
• 48:24
  And those that have are able to control and continue to
• 48:28
  perpetuate that system and everyone else is being left out
• 48:31
  in the cold. And that is the fundamental
• 48:34
  thing that I try to get across. I know I troll Nico and I'm here
• 48:37
  to just kind of make light of a lot of things.
• 48:40
  But I do think that talking about the base layer, the the
• 48:44
  money, it does transcend this argument.
• 48:47
  And that's what I always try to get back to.
• 48:48
  I, I usually don't elaborate on it as well because I'm just kind
• 48:52
  of trolling, but I think that that is the issue here.
• 48:55
  And we're starting to see people wake up.
• 48:57
  Obviously people are digging their heels and they're, you
• 48:59
  know, they're basically chanting for their team to win.
• 49:02
  And I'm, I'm over here like that one meme, you know, people are
• 49:05
  fighting and I'm just sitting there like eating, eating my
• 49:07
  lunch. Like, guys, what, what, what are
• 49:09
  we talking about here? There's a totally different
• 49:12
  conversation that I would like to have.
• 49:14
  And that's why I usually tune out.
• 49:15
  It's like, guys, it's the money. The money transcends everyone.
• 49:19
  And until we start to get to that fundamental broken point in
• 49:23
  our society, everything's going to be exactly as it is.
• 49:27
  It's just going to, you know, with the baton's going to be
• 49:28
  passed from one side to the other without anything actually
• 49:31
  changing. And that's why that's usually
• 49:33
  why I'm, I'm giving Nico a lot of Flack on the show.
• 49:35
  But we we fundamentally agree on on basically like 99.9% of
• 49:39
  everything. But he only talks about the
• 49:42
  point 1%. What else would?
• 49:45
  I What else would I have to talk?
• 49:46
  About anyhow. Anyhow, this is what optis this
• 49:49
  is. This is what brothers do right?
• 49:51
  They 1 picks, on the other it's. Like the Skip Bayless to the
• 49:55
  Stephen A Smith, right? Yeah, yeah, I'm Stephen A Smith
• 49:58
  and the. Other one tries in the corner.
• 50:02
  Anyways, guys are going to be a fantastic show.
• 50:03
  We still have tons to get to. We're going to be doing a live
• 50:08
  unboxing of the new Stamp Seed kit during the culture segment.
• 50:13
  We got James from Stamp Seed joining us today.
• 50:15
  I'm super effing excited to be honest, to do this and I heard
• 50:20
  many new things about how awesome and fantastic this kit
• 50:25
  comes. So you can go to stampseed.com
• 50:27
  today. Use promo code simply you get
• 50:29
  15% off get yourself a a stampseed kit.
• 50:32
  The reason you want to do that guys, is if you, if you write
• 50:35
  down your seed words like paper is terrible.
• 50:38
  It it, it can get water damage, it can get set on fire.
• 50:42
  Like you wanna store your seed properly.
• 50:45
  That's what the stamp seeds all about.
• 50:47
  So we're gonna be talking about that during the culture and then
• 50:49
  during the news segment, news coming out of Brazil, orange or
• 50:55
  orange debuted and they are the largest Bitcoin treasury company
• 51:00
  in Latin America and they're on the verge of going public.
• 51:04
  So we're going to be covering that news as well.
• 51:06
  I know you guys are kind of, you know, over the treasury stuff,
• 51:09
  but hey, they're, they're an important part of Bitcoin now
• 51:12
  and so are elections. So we're, you know, we have to
• 51:15
  do our job and cover all this stuff, right?
• 51:18
  Remember. Remember what we used to talk
• 51:19
  about back in the day, bro? No dude, I have a goldfish
• 51:22
  memory. We used to not talk about
• 51:29
  treasury companies and and. Politics.
• 51:31
  Oh yeah. Oh yeah, That was just.
• 51:32
  Talk about technology and Bitcoin and how it.
• 51:35
  Was and number going up? And number going up someone in
• 51:39
  the that's a great comment. Wake me up till, wake me up.
• 51:42
  When September ends, I'm going to, I'm going to, I'm going to
• 51:45
  tweet that. Dude, he's stealing your tweets,
• 51:47
  guys, literally in real time. Stealing your tweets?
• 51:53
  That's out, Foxy. Yeah, go retweet his tweet,
• 51:58
  Foxy. That's a really, really good
• 52:02
  comment. All right, everybody, it's going
• 52:04
  to be a great show. We're going to be right back in
• 52:05
  just a bit. I want to give a shout out to
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• 53:58
  All right, everybody, let's talk about Brazil.
• 54:00
  I was actually in Brazil 2 weeks ago on two weeks ago, I was
• 54:06
  having cappellinas and picquina. No picania and cappellinas.
• 54:11
  Yeah, that sounds so good. In Rio, it was fantastic.
• 54:16
  Specifically the Caprianas right now.
• 54:17
  How do you say cappellinas? Cappellinas bro, it was it.
• 54:21
  Was we need some of those for this price action?
• 54:26
  What? What is it even?
• 54:28
  It's, it's a, it's a, it's like a Brazilian mojito or something
• 54:33
  like. That Oh yeah, so good.
• 54:34
  It's delicious. I had like.
• 54:36
  Yeah, they're so good. They had like super, super
• 54:38
  amounts of sugar. They're so good.
• 54:40
  Yeah, they're, they're really good.
• 54:41
  So anyways, let's talk about Brazil.
• 54:43
  So Orange BTC to debut on Brazil's B3, bringing $410
• 54:50
  million in Bitcoin to public markets.
• 54:54
  It continues to say Brazil's about to see something new on
• 54:57
  its Stock Exchange, a company going public not for its
• 55:00
  products, but for its Bitcoin. Orange BTC, founded by former
• 55:04
  Bridgewater Associates executive Guy Gomez, was listed on B3 in
• 55:09
  early October, carrying 3650 BTC on its balance sheet worth more
• 55:16
  than $410 million. That instantly puts Orange in
• 55:21
  the top tier of corporate Bitcoin treasuries.
• 55:24
  By comparison, Brazilian fintech Melus, which followed strategies
• 55:29
  model last year, holds just 650 BTC.
• 55:33
  Orange is nearly six times larger out of the gate.
• 55:37
  The firm is not shy about its intentions.
• 55:39
  Quote We are bringing to Latin America the first publicly
• 55:42
  traded company 100% focused on Bitcoin with the goal of
• 55:46
  accumulating the largest possible Bitcoin balance.
• 55:50
  Earlier this year, ITA UBBBBBAS investment arm began advising
• 55:56
  Orange BTC on a two $210 million deal aimed at establishing the
• 56:02
  company's Bitcoin holdings as a long term strategic reserve.
• 56:06
  B3 is a Stock Exchange located in Sao Paulo and the second
• 56:11
  oldest in the country. Back in 2022, the exchange
• 56:15
  launched Bitcoin futures within six months with while also
• 56:19
  exploring crypto custody services.
• 56:22
  It goes on to say Bitcoin adoption in Brazil.
• 56:25
  Orange's arrival marks a direct import of the playbook pioneered
• 56:30
  by Strategy's Michael Saylor, who turned a sleepy software
• 56:34
  company into the largest Bitcoin holder in the world with 640,000
• 56:39
  Bitcoin. Saylor has it had Saylor had a
• 56:42
  mentor in the early days, Eric Weiss, a former Morgan Stanley
• 56:46
  banker who now sits on Orange's board.
• 56:50
  It continues to say backing for the company has also come from
• 56:54
  across the global Bitcoin ecosystem.
• 56:56
  Investors include the Winklevi twins, Block Streams, Adam Back,
• 57:01
  Falcon X, Mexican billionaire Ricardo Salinas and US funds Off
• 57:06
  the Chain Capital and Perrify Capital.
• 57:09
  It's a roster designed to project both credibility and
• 57:12
  conviction. The mechanisms of the listing
• 57:15
  will follow a reverse IPO with Orange merging into.
• 57:20
  I can't pronounce that Integrus already listed on B3.
• 57:25
  After the transaction, about 85% of the shares will be in free
• 57:29
  float, opening the door for both institutional and retail
• 57:32
  investors to gain direct exposure to a company whose only
• 57:36
  real product is Bitcoin accumulation.
• 57:39
  Bitcoin adoption in Latin America has mostly come from
• 57:42
  individuals, remittances, and startups.
• 57:44
  Orange stands apart as a pure treasury vehicle built for
• 57:49
  scale, transparency and institutional capital.
• 57:53
  By listing as a public company, it offers investors a
• 57:57
  traditional market gateway to Bitcoin exposure.
• 58:00
  For Gomez, the opportunity is still wide open.
• 58:04
  Quote Michael Saylor recently said that the investment model
• 58:07
  effectively began in November of last year, he noted, per
• 58:11
  Brazilian Journal. Quote we'll soon see banks and
• 58:15
  insurance companies doing the same.
• 58:17
  It's the beginning of a new industry in all of Latin
• 58:21
  America. There's still no company 100%
• 58:24
  focused on this. So I mean, that's pretty cool.
• 58:28
  Again, largest Bitcoin treasury company in Latin America, Orange
• 58:33
  at BTC launched yesterday, I believe publicly and it's pretty
• 58:40
  cool, man. It's a lot.
• 58:41
  It's a lot of Bitcoin, a lot of Bitcoin.
• 58:43
  I love how the article mentions like the the the runner up only
• 58:47
  holds 650 BTC only hold 650BT. Exactly 3000 more purchase you
• 58:55
  think? Exactly.
• 58:56
  Right. Exactly.
• 58:58
  So, yeah, I mean it, it this is a different game.
• 59:01
  And I think James, you experienced that at the and I
• 59:04
  know that Michael Saylor name dropped orange at the at the UN
• 59:08
  conference conference and it's a different ball game now.
• 59:13
  Yeah, different ball game. Like when you have these
• 59:15
  institutions accumulating this quantity of Bitcoin, it's just,
• 59:20
  it's just ridiculous, Matt. They're, they're just gobbling A
• 59:23
  gobble, gobble, gobble, gobble, you know, and.
• 59:26
  It's all they're all taking the Sailor playbook.
• 59:28
  They're like disciples of sailor.
• 59:30
  It's it's pretty interesting to see these companies just
• 59:34
  climbing that ladder trying to catch up to them.
• 59:36
  I think they have like six 600,000 Bitcoin.
• 59:40
  It's, it's, it's taking a long time, but there's some close
• 59:43
  runners up and it's like these guys want to be the first that
• 59:46
  like they want to be the top five or the top 10 because
• 59:49
  you're looking at retail investors, they're going to want
• 59:51
  to probably invest in the biggest, most popular ones.
• 59:54
  And these guys are doing all the right things to kind of become
• 59:57
  memeable with the numbers they use when they make their
• 1:00:00
  purchases. They're very memorable purchase
• 1:00:02
  numbers. The amount of Bitcoin just like
• 1:00:05
  in that case right there was it 3650 was with orange purchase
• 1:00:09
  and the runner up Integros was was Integros or whatever it was,
• 1:00:13
  was. 6:50 So it's like they have 3000 more.
• 1:00:15
  So when people see that wow 3000 more exactly, you wonder if, you
• 1:00:19
  know, they're kind of playing that game there for social media
• 1:00:22
  to see, but different worlds, right?
• 1:00:26
  And it's just very competitive between these companies.
• 1:00:29
  They're working together, but they're also kind of competing
• 1:00:31
  to be the top of that list. I don't know if you've ever seen
• 1:00:33
  the website. I think it's Tim Kotzman's
• 1:00:35
  website, bitcointreasuries.net. You can see all the private and
• 1:00:38
  public companies, how much Bitcoin they have and it's it's,
• 1:00:42
  you know, it's a scorecard. Really.
• 1:00:43
  I didn't see orange on there. I checked.
• 1:00:45
  I guess they have to be added to it.
• 1:00:47
  But yeah, different world A. 100% different world Opti, you
• 1:00:52
  know this more than I do. You're the in house macro
• 1:00:55
  expert, brother. What's your take on this dude?
• 1:00:58
  Like, you know, first of all, I'm really happy that you know,
• 1:01:04
  again, Bitcoin's being embraced. It's not being banned and it's
• 1:01:08
  it's being integrated into the largest financial markets in the
• 1:01:13
  world, obviously Japan. Metaplan and Michael Saylor also
• 1:01:17
  said something at the UN conference conference and he
• 1:01:19
  said he's like Metaplan, it's going to be the largest company
• 1:01:22
  in Japan. That was that was pretty crazy.
• 1:01:26
  So you know, again, Bitcoin is going to all these public
• 1:01:30
  markets all over the world and it's pretty exciting.
• 1:01:32
  Opti. Well, first of all, as a low IQ
• 1:01:36
  Bitcoiner, I think I'm with everyone else that, you know,
• 1:01:41
  hearing all of these announcements of these companies
• 1:01:43
  buying Bitcoin, the main question we're asking ourselves
• 1:01:47
  is why is the price going up? So that's my initial low IQ
• 1:01:52
  take. On this like all right, cool.
• 1:01:53
  You know what? They bought almost 500, almost
• 1:01:56
  half a billion dollars. I think in the last week we've
• 1:02:00
  seen about $2 billion of buys. And maybe the cynical is
• 1:02:04
  supposed to buys, but why isn't the price moving?
• 1:02:07
  Well, it sounds like there's $16 billion of whales selling on top
• 1:02:12
  of us. So, you know, that's probably
• 1:02:14
  where that math checks out. That's like the the low IQ just
• 1:02:17
  like, you know, childish. I want to see price go up again
• 1:02:22
  from a more of trying to understand what these Bitcoin
• 1:02:25
  treasury companies are doing. Really got to give kudos to
• 1:02:29
  Sailor, I forget which. I think it was one of his
• 1:02:32
  shareholder meetings that that it kind of clicked to me what he
• 1:02:35
  was doing. I think it was the one when he
• 1:02:37
  announced strike is the one that I'm thinking of.
• 1:02:41
  What they're seemingly doing is they are creating these Bitcoin
• 1:02:46
  products and and again, I'm, I'm a just use Bitcoin spot Bitcoin
• 1:02:49
  kind of guy, take Bitcoin into self custody.
• 1:02:51
  I think that's the revolution and that's what I want to see
• 1:02:54
  more of. I'm, I'm not the biggest, you
• 1:02:56
  know, Bitcoin treasury guy, but I think there is a market fit
• 1:03:00
  for these products. And that's where I was
• 1:03:02
  referencing Sailor because he did one of his presentations and
• 1:03:06
  he was essentially saying all of my different products are all
• 1:03:10
  designed for one specific thing. And by that he meant each
• 1:03:15
  product, the Strife, the stride, the strike product, the MSTR
• 1:03:19
  stock, the MSTU, you know, variation.
• 1:03:24
  All of these are designed to tap into specific capitals of or
• 1:03:29
  pools of capital. And they're all kind of tailored
• 1:03:33
  for a certain investor. And then when you zoom out a
• 1:03:36
  little bit, you could say or maybe argue that sellers
• 1:03:41
  products are just specifically designed for US investors.
• 1:03:45
  And This is why I think he's saying that the Metaplanet stock
• 1:03:48
  will be the biggest stock in Japan.
• 1:03:50
  And then what Orange is doing here, they are trying to angle
• 1:03:56
  themselves as that same thing, but for Latin America.
• 1:04:00
  And once you kind of understand one fundamental thesis, or
• 1:04:04
  rather one fundamental like fact of the matter is there is a lot
• 1:04:09
  of capital that is stranded or maybe trapped in various capital
• 1:04:15
  pools, various capital markets. And there's no way for that
• 1:04:18
  capital to actually get out into other investments unless these
• 1:04:21
  products are kind of designed for that specific reason.
• 1:04:24
  And so even though I don't fully understand or maybe you could
• 1:04:28
  argue that the the current price action of some of these Bitcoin
• 1:04:32
  treasury stocks is, you know, maybe a bubble or a hype like
• 1:04:36
  marketing cycle. I think there is a long term
• 1:04:41
  market fit for these products. And maybe it just kind of got
• 1:04:44
  caught in the initial hype of it.
• 1:04:47
  And so This is why we're seeing maybe a lack of interest from
• 1:04:51
  the Bitcoin community. Like it was like the toy Toy
• 1:04:55
  Story meme, you know, like, oh, I'm no longer playing with this
• 1:04:57
  toy. This toy's no longer shiny.
• 1:05:00
  I don't want to play with it anymore.
• 1:05:02
  But I think in a few years time, again, only time will tell that
• 1:05:07
  there's probably going to be a market fit for these and they
• 1:05:10
  will most likely attract a lot of capital that wouldn't be able
• 1:05:15
  or wasn't interested in Bitcoin. Now there is a, you know, a, a
• 1:05:19
  secondary conversation here of whether these Bitcoin treasury
• 1:05:24
  stocks are even a good thing for Bitcoin or whether, and this is
• 1:05:28
  the fight between kind of the Bitcoin grassroots movement of
• 1:05:31
  we want people to hold Bitcoin, transact Bitcoin peer-to-peer.
• 1:05:35
  And these Bitcoin treasury companies are, you know, for,
• 1:05:37
  for lack of better terms and not to be cynical, but just to kind
• 1:05:40
  of frame it more of compliance models for Bitcoin.
• 1:05:43
  And it's not necessarily a good thing, but I think we will see.
• 1:05:49
  And rather that's all we can do. We'll see in the future whether
• 1:05:52
  there is a fit and a market demand for this stuff and, and
• 1:05:56
  whether this is actually a good thing.
• 1:05:58
  I know a lot of people like Pierre Rochard have been saying
• 1:06:00
  this is how Bitcoin scales to 8 billion people, this this is
• 1:06:05
  beneficial, this is all good for Bitcoin, etcetera.
• 1:06:07
  So only time will tell what these Bitcoin treasury companies
• 1:06:12
  actually do and their impact in the markets.
• 1:06:14
  But it does seem like there is a fit for them.
• 1:06:17
  Maybe I don't fully understand it, maybe some of us Bitcoiners
• 1:06:21
  don't fully understand the end game, but there does seem to be
• 1:06:24
  something there. And I think only a little more
• 1:06:27
  research and a little more time will show us what it is.
• 1:06:29
  But I do want to hit this comment from Rex on a 72 hour
• 1:06:35
  Brazilian and they go, I remember when Itua, the largest
• 1:06:39
  bank here, Itua, Itua, the largest bank here blocked
• 1:06:44
  transactions to and from exchanges back in 2013 and 2016.
• 1:06:48
  And now they surrender. And I think that's probably the
• 1:06:51
  signal here. And the, the giant, the, the
• 1:06:54
  greater theme we've seen throughout 2025 is that a lot of
• 1:06:58
  institutions that historically have been cynical or have
• 1:07:01
  criticized Bitcoin are now being forced to capitulate.
• 1:07:05
  And again, I think this is just early and maybe next year or in
• 1:07:09
  a few years, we'll look back at this and be like, hey, remember
• 1:07:11
  when we all were very upset about this stuff and it's
• 1:07:14
  actually been beneficial for us? Like I said a few weeks ago, I,
• 1:07:19
  I think I've been saying it almost unlike every other show
• 1:07:21
  that 2025 does seem to be that year that's going to mark, you
• 1:07:26
  know, the before times and the after times where things
• 1:07:29
  fundamentally shifted. So I think it's going to all be
• 1:07:32
  good for Bitcoin. Again, I would highly recommend,
• 1:07:36
  and this is what I say to everyone and this is what I
• 1:07:38
  recommend to my friends and family, is you want to hold
• 1:07:41
  Bitcoin directly. But I understand for people that
• 1:07:44
  have capital in trad 5 markets needing these various products.
• 1:07:48
  So I, I think a lot of these products are being tailored for
• 1:07:52
  specific investors and specific needs, and I think that's a good
• 1:07:55
  thing. Obviously I want to see more
• 1:07:57
  people holding Bitcoin and transacting in Bitcoin, but who
• 1:08:01
  am I? I'm just a guy on YouTube.
• 1:08:03
  Excellent, Hapdi, you're getting really good at this.
• 1:08:06
  Anyways, guys, it's time for the culture segment.
• 1:08:09
  We're gonna be doing a live unboxing of the Stamp Seed.
• 1:08:13
  And of course, we got James from Stamp Seed joining us in joining
• 1:08:16
  us on today's show. And yeah, Bitcoin's growing up
• 1:08:21
  and we're currently going through a slight correction,
• 1:08:26
  maybe maybe more than slight, but we've been here before.
• 1:08:30
  Wake me up when September ends. Thank you for the person who put
• 1:08:34
  that in the comment section. I tweeted it.
• 1:08:36
  It seems like it's really resonating with Twitter as well,
• 1:08:39
  so I'm stealing. I will.
• 1:08:44
  I will say that Opti totally jinxed this in the beginning of
• 1:08:47
  September. You said send timber and like
• 1:08:51
  bro come on dude. Dude you can't.
• 1:08:54
  You can't blame me for shit posting.
• 1:08:55
  Come on dude. Anyways I do want to give a
• 1:08:58
  shout out. Shout out to the live stream 417
• 1:09:01
  live viewers on YouTube, 1.7 K viewers on X and the rumble
• 1:09:08
  audience coming in strong as always.
• 1:09:10
  If you guys are enjoying simply Bitcoin live, the most watched
• 1:09:13
  Bitcoin only live show on planet earth smash that like button and
• 1:09:17
  we're gonna be right back in just a little bit.
• 1:09:20
  We're gonna hit the culture segment and we're gonna talk
• 1:09:22
  about all things stamp seed. I wanna give a shout out to our
• 1:09:27
  partner Hive Digital Technology. Why Hive in 2025, unstoppable
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  IO. Join today where Bitcoin meets
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  freedom. All right everybody, it is time.
• 1:11:30
  This is this is a live unboxing of this brand new stamp seed
• 1:11:37
  kit. I've I haven't seen it before.
• 1:11:40
  Opti peaked last night apparently.
• 1:11:43
  Yeah, I opened the box. I didn't know what it was.
• 1:11:44
  It's. Going to be a live reaction from
• 1:11:46
  me I. Was like we had some gear here
• 1:11:48
  for for the cameras and I'm like Sophie's like we got a really
• 1:11:53
  heavy box. I'm like, OK, what is it?
• 1:11:55
  Is this some gear? And I open it up and I'm like,
• 1:11:57
  what's this black box? Honestly guys I thought it was
• 1:12:00
  the YouTube plaque to be honest but no it was the.
• 1:12:02
  Stamp, minimal branding. We want to keep it discreet.
• 1:12:05
  It doesn't even ship in a box that says stamp seats.
• 1:12:07
  Yeah, you know it's our fault. Nothing, it just said Nico on
• 1:12:10
  it. And I'm like.
• 1:12:11
  What is this? All right, so let's do it.
• 1:12:13
  Here we go. I'm.
• 1:12:14
  I hope I don't drop anything. It's heavy.
• 1:12:18
  It is heavy. It's like 5 lbs.
• 1:12:20
  I don't know. Have you weighed it before,
• 1:12:22
  James? It's a little, it's around 6 for
• 1:12:24
  that kid. Yeah, it's huge.
• 1:12:25
  Look at that. It comes with all the letters or
• 1:12:29
  nicely organized. We're going.
• 1:12:30
  To and the letters are built into the box now with the labels
• 1:12:33
  there instead of having it in that plastic case it used.
• 1:12:35
  To be a look at that. Each letter has its own little
• 1:12:39
  spot there. Look at that, right?
• 1:12:42
  And then we're going to take this off.
• 1:12:47
  Oh, this is beautiful. And guys, something you guys
• 1:12:50
  have been wanting, it's finally here.
• 1:12:53
  Oh yeah. And we got the hammer for the
• 1:12:58
  kit. Look at that beautiful stamp
• 1:13:01
  seed hammer. That's 2.
• 1:13:02
  That's two of the pounds right there in that box.
• 1:13:04
  A lot of weight in that hammer. So it has a copper top or or a.
• 1:13:08
  Brass brass. Top brass.
• 1:13:10
  So it doesn't. It doesn't.
• 1:13:12
  Bounce. It's softer that that brass is
• 1:13:14
  softer than the metal that you're hitting on and hitting
• 1:13:17
  in. If it were the same metal, it
• 1:13:19
  would kind of bounce off of the stamp instead of driving into
• 1:13:22
  it. So when you hit the tip of that
• 1:13:23
  stamp, it like bends. The brass gets all nicked up.
• 1:13:26
  That just drives the stamp deeper.
• 1:13:27
  It's called Dead Blow for anyone who's interested in the actual
• 1:13:30
  term. What?
• 1:13:31
  What's it do to a A glass table? No.
• 1:13:34
  Oh, don't. Yeah, it's not good.
• 1:13:37
  I mean, you'll get more glass tables out of it.
• 1:13:39
  That's. For sure beautiful, beautiful
• 1:13:42
  box. Again, it's carbon fiber as as
• 1:13:45
  you can guys can see that the attention to detail is a perfect
• 1:13:48
  gift to give to a family member. Yeah, yeah, Christmas is coming
• 1:13:52
  up. It's a.
• 1:13:52
  Bitcoin, right, comes with two, two stamp seeds.
• 1:13:56
  Well, it comes with. It comes with either one.
• 1:13:57
  I sent you 2 and you could fit up to 10 plates in there.
• 1:14:01
  So if you want to have like extra plates on hand and keep
• 1:14:03
  everything in a storage box, it's like everything's in one
• 1:14:06
  box now instead of three boxes. So let's let's.
• 1:14:10
  Check this out. And the big thing, the big one,
• 1:14:12
  Nikka do the other one. The other one.
• 1:14:15
  Now you're burying the lead, Nikka.
• 1:14:16
  I'm going one, I am burying the lead one by one.
• 1:14:20
  But we're building up the the anticipation, right?
• 1:14:24
  This guy. So you got a stamp Seed plate,
• 1:14:28
  right? Remember guys, you only need to
• 1:14:30
  buy the kit one time. You buy the kit one time, that's
• 1:14:35
  all you need to do. Because if you ever need a new
• 1:14:37
  plate, you could just buy the plates, right?
• 1:14:39
  And they have custom plates on the stamp seed website.
• 1:14:42
  But this is the 24 word plate and let's check out the newly
• 1:14:50
  released and much anticipated and asked for 12 word seed
• 1:14:56
  plate. You guys have been asking for a
• 1:15:01
  long time and our our friends over at Stamp Seed delivered
• 1:15:07
  like they always do. This is the 12 word seed plate
• 1:15:11
  made out of titanium. I see some people scanning the
• 1:15:15
  QR code. This is the right way guys to
• 1:15:18
  store your seed words, stamp them into literal titanium.
• 1:15:24
  So here are the two kits. Here are the two plates right,
• 1:15:27
  The 24 word and the 12 word and. This is how it all fits if
• 1:15:33
  anyone's wondering. Like does the 12 word fit in the
• 1:15:36
  stamping jig? We didn't rug you guys.
• 1:15:38
  The the jig is backwards compatible.
• 1:15:41
  Every kits going to come with this adapter here fills that
• 1:15:43
  negative space and the 12 word you know isn't sliding side by
• 1:15:46
  side on you. So each kit comes with that
• 1:15:48
  adapter even if you get a 20 forward plate and the 12 word
• 1:15:51
  plates come with it too. I love I love this.
• 1:15:54
  And look, here's the anvil, the anvil that you and again very
• 1:16:01
  heavy and you put this on top of that and then hold on, let me.
• 1:16:07
  Dude, let's do it on your glass table.
• 1:16:11
  We should we actually should do this live one day in the in the
• 1:16:15
  oh, I was about to say it online.
• 1:16:18
  Very soon we'll be able to do this for you guys.
• 1:16:21
  I'll say that. I know what you're saying.
• 1:16:23
  I was. About.
• 1:16:26
  To drop down dude. Soon we'll be able to do this
• 1:16:28
  for you guys live on air anyways.
• 1:16:32
  So you put a plate in there and there's these little lines so it
• 1:16:36
  helps you line up the word and then you take this metal stamp
• 1:16:41
  and take the letter and then Opti could you do a very soft
• 1:16:46
  tap? Not real 1.
• 1:16:48
  On. On what?
• 1:16:49
  On the top of this thing, bro. And then that's how you stamp
• 1:16:54
  the word in. And then you go letter by
• 1:16:57
  letters. Yeah, and there's a practice
• 1:17:01
  piece in there too. Did you see it in the bottom?
• 1:17:03
  Oh, let me see, Let me see. So it's that's actually like
• 1:17:05
  titanium and it's the, oh, that's the rubber base for the
• 1:17:08
  block, But that's like a practice piece.
• 1:17:11
  In the past we were giving people pieces of copper 'cause
• 1:17:13
  we didn't have titanium scrap, but that's actually a piece of
• 1:17:15
  titanium, same as the plate, same thickness.
• 1:17:18
  So the idea is you put that against the adapter and the jig
• 1:17:21
  and you just stamp a couple letters on it.
• 1:17:24
  If you're really good at stamping, you don't need to
• 1:17:26
  practice. That's a little pass phrase
• 1:17:27
  trip, you know, a little tip there.
• 1:17:29
  I got I I I've gone through a couple plates myself.
• 1:17:34
  So now I consider myself an expert Opti.
• 1:17:37
  Let's do a let's do an SB bro on on.
• 1:17:42
  On can I tap it on on your skull?
• 1:17:45
  No, no, no, Just tap it in my hand.
• 1:17:47
  Just do a little little little soft hat.
• 1:17:49
  I don't I. Don't know if you're going to
• 1:17:50
  get an. Impression.
• 1:17:51
  Yeah, I don't think it'll be strong enough.
• 1:17:52
  Dude, I'll. Tap it.
• 1:17:55
  There we go, Little S Yeah, we got an S OK, and let's get AB.
• 1:18:03
  Nico yelling Adopti all. Right soft tap don't break my
• 1:18:08
  hand. Move your finger.
• 1:18:11
  There we go. Boom.
• 1:18:12
  All right. It needs to be.
• 1:18:14
  You need it on the ground. You need the SB.
• 1:18:18
  Boom. Yeah, dude, that barely worked.
• 1:18:20
  Dude, you're tripping well it. Barely works.
• 1:18:22
  If you want to do it on the table, I'm.
• 1:18:24
  Holding it on my in my hands bro like come.
• 1:18:26
  On now it's not. It's not a apartment friendly
• 1:18:30
  yet. We'll figure that out.
• 1:18:31
  Or or or get get your neighbors to yell at you like I will.
• 1:18:38
  This is a beautiful kit guys. Wow, this is you guys did a such
• 1:18:42
  a fantastic give me the feedback.
• 1:18:45
  Yeah, like it's nice to have a storage box to keep everything
• 1:18:48
  in because you buy this kit, you're buying the tools and
• 1:18:51
  you're really buying the like the investment in having those
• 1:18:54
  tools for whatever multi sig setup or wallets you generate
• 1:18:58
  down the line as opposed to buying a whole new $100 setup
• 1:19:00
  every single time you do that. So the box is important, right?
• 1:19:04
  You want to store your tools, You're kind of having these for
• 1:19:06
  life. You never know when you need
• 1:19:08
  another set of sequence to seed words stamped friend, family
• 1:19:12
  member, upgrading of your own tech.
• 1:19:15
  So the idea is to have that box you store all your stuff in
• 1:19:17
  there. You could fit up to 10 plates
• 1:19:19
  inside and you're always ready to, you know, throw something
• 1:19:21
  into metal. You don't need to order
• 1:19:22
  anything. You're good to go.
• 1:19:24
  That's. Awesome, man.
• 1:19:25
  Well, I, I love the presentation.
• 1:19:27
  It's so professional. It smells nice.
• 1:19:31
  You know that like new product smell.
• 1:19:35
  This is what it smells like. This is what it's like.
• 1:19:37
  This is the perfect gift to give to somebody.
• 1:19:39
  Get yourself a Stampede kit again.
• 1:19:40
  You only have to buy this once. Then you can order as many
• 1:19:44
  plates as you can, as many plates as you can, as many
• 1:19:46
  plates as you want. And another thing that I'll show
• 1:19:49
  too is you guys, Jesus, we're at 108,000.
• 1:19:54
  We you can design your own these days.
• 1:19:59
  So I'm going to show you guys what I mean.
• 1:20:05
  Here we go. So you can go to stampseed.com.
• 1:20:10
  And you can design your own custom plate and it you can and
• 1:20:15
  it will be on the back of it. So if you have like a multi sig
• 1:20:19
  set up and you want to you know, differentiate which plate is
• 1:20:23
  which, boom, you could do it there you.
• 1:20:26
  Can even put like something discreet there like a high
• 1:20:29
  voltage danger, you know, don't open or something like that and
• 1:20:32
  and screw it into a wall. Put every right rat poison on
• 1:20:36
  it. Exactly.
• 1:20:39
  So another thing that I'll say guys is 'cause I know we get
• 1:20:42
  these comments all the time. So the the way that it works is
• 1:20:46
  you order the kit to your home and then you stamp your seed in
• 1:20:51
  your home, right? So that no one else.
• 1:20:54
  Gets to see your seed. 'Cause I, I see a lot of like
• 1:20:58
  people get sometimes get confused and they're like, wait
• 1:21:00
  a second. So like, do I?
• 1:21:01
  No, no. No, Yeah, yeah, everyone,
• 1:21:02
  everyone would get mad at this game.
• 1:21:04
  He's like, you tell us to never show your seed phrase and then
• 1:21:07
  you're telling us to send it to stamp seed and we're like, no
• 1:21:09
  dude, you do. At home it.
• 1:21:12
  Happens every time. And we're like, the tools are in
• 1:21:14
  the main image there. Why?
• 1:21:16
  Why are we showing you the hammer if you're not doing it?
• 1:21:18
  You know, it drives me crazy. So that's how early we are
• 1:21:21
  though, right? We're early man.
• 1:21:23
  People still think that there's DIY seed stamping services out
• 1:21:26
  there. So yes, and guys, Stamp Seed
• 1:21:30
  sells you the kit so that you can stamp your own seed and the
• 1:21:35
  privacy of your own home. You should never show anyone
• 1:21:38
  your seed words unless you want them to have access to your
• 1:21:43
  Bitcoin. So but this is a great kit so
• 1:21:46
  that your all right new service send me your C no, no, no, no
• 1:21:52
  and I'll step it for you. No, no, don't do.
• 1:21:54
  That I'm jolling. That's a joke.
• 1:21:55
  That's a joke. That was a joke.
• 1:21:56
  Don't do opti seed engraving, Yeah.
• 1:21:58
  Yeah, don't do that dude. I just created an LLC live.
• 1:22:01
  No, don't do that Opti. That was a very bad joke.
• 1:22:06
  You'd be surprised, though. I mean, like, you can see right
• 1:22:08
  on this image, like we have to warn people on the custom
• 1:22:11
  version. Don't send us your seed words
• 1:22:12
  because there are people out there who would think that the
• 1:22:15
  custom aspect is US doing it for them.
• 1:22:18
  So it's just like we have to be very careful because it looks,
• 1:22:22
  it can't look like we're doing it right.
• 1:22:24
  We don't want to look like that. Yeah, it's scammy.
• 1:22:27
  Hey James, there is a question here by someone.
• 1:22:29
  Let me hold on. Let me scroll up, I saw it.
• 1:22:32
  Someone was asking how many plates come with the kit.
• 1:22:35
  Let me see if I can find. It, but I saw that one yeah.
• 1:22:38
  So you're going to get one plate with the kit, you're going to
• 1:22:40
  choose between 12 and 24. That's going to come with either
• 1:22:44
  one that you choose, obviously, and then you could get as many
• 1:22:47
  other plates as you need. We sell them in one pack, 3 and
• 1:22:51
  5 packs. Yeah, and the next one was about
• 1:22:54
  multi sig. So yeah, you can buy multiple.
• 1:22:56
  Yeah, you could buy all the new images up.
• 1:22:59
  Great. Yeah, you could buy multiple
• 1:23:00
  image plates for multi sig, whether it's, you know, like
• 1:23:05
  your 12, your 24 words or 12:00. We also have some other options
• 1:23:09
  for anyone who has a treasure with the 20 word option, which
• 1:23:13
  is Shamir secret sharing. We have plates for that too.
• 1:23:16
  They're a little more on the bottom of that page.
• 1:23:19
  And then we have, oh, wait, no, sorry, we have a new menu.
• 1:23:22
  If you go to shop and go to advanced under titanium seed
• 1:23:25
  plates. Yeah, we have the, those are the
• 1:23:29
  Trezor plates to the left, which is Shamir back up.
• 1:23:32
  And then to the right of that is what you know, we could also
• 1:23:36
  call that poor man's multi sig. You're essentially sharding out
• 1:23:39
  your 24 words across three plates and there's going to be a
• 1:23:42
  little crossover. Any two of those plates has all
• 1:23:46
  your words. So you can take all three and
• 1:23:47
  just spread them out along, you know, wherever and then and any
• 1:23:51
  two of them will have all your words.
• 1:23:52
  If somebody found one, they wouldn't have all your words.
• 1:23:55
  So it's, it's kind of like you're in between from single
• 1:23:57
  sig to full-fledged multi sig. It's a very nice solution that's
• 1:24:02
  available too. So those don't come with the
• 1:24:04
  kits. Those have to be purchased
• 1:24:05
  separately. Awesome, awesome.
• 1:24:08
  Well guys, go to stampse-ed.com today.
• 1:24:12
  Get yourself a do it yourself at home at at home do it yourself
• 1:24:20
  stamp seed kit. Normally what happens is you get
• 1:24:23
  a piece of paper that's right. That's where you write down your
• 1:24:26
  seed words. It's a big no no.
• 1:24:29
  We obviously recommend stamping your stamping your seed
• 1:24:33
  literally into a plate of titanium.
• 1:24:37
  They've dumped this plate of titanium into ocean water, into
• 1:24:42
  the into the sea for a period of time.
• 1:24:45
  And then when they pulled it out, had all this algae on it
• 1:24:49
  and, you know, all this gunk and all this stuff, 'cause it's
• 1:24:51
  been, it was in the. Ocean they they dumped the seed
• 1:24:54
  plate lower than the price is dumping right now.
• 1:24:58
  Comedic relief and and they. So we brought it to an NFT
• 1:25:03
  conference and it, like, made it out in one solid piece.
• 1:25:06
  Like this thing survives it all, guys.
• 1:25:09
  I mean, if we could handle that, it's good.
• 1:25:12
  But yeah, the salt water we did for a year, which was crazy.
• 1:25:14
  That thing came out looking like Swamp Thing.
• 1:25:16
  You saw that video, right? Yeah, yeah, of course.
• 1:25:18
  It literally came out like Swamp Thing.
• 1:25:21
  It didn't rust because it's titanium.
• 1:25:23
  And the worst, the data survived, right?
• 1:25:26
  So they dumped it into salt water for a year, right?
• 1:25:29
  I think the next marketing stunt, James, is like lowering
• 1:25:33
  it down to the Mariana Trench, like all the way down, and then
• 1:25:36
  pulling it all the way up. It'll be kind of expensive, but
• 1:25:40
  I think it'd be cool. It'd be cool.
• 1:25:41
  Marketing stunt? Yeah, I think.
• 1:25:43
  With AI, that's definitely possible.
• 1:25:47
  But they didn't AI the the sea the the saltwater.
• 1:25:50
  Test Yeah, no, I shouldn't joke like that.
• 1:25:52
  That was real. So they actually dumped it into
• 1:25:54
  the ocean. They left it there for a year.
• 1:25:57
  They pulled it out. It had gunk and seaweed and like
• 1:26:01
  all, you know, barnacles. And then they like.
• 1:26:04
  Pressure highlights on our Twitter if.
• 1:26:05
  You want to see it, They pressure cleaned it and it, all
• 1:26:09
  that stuff came off and you just had a perfectly pristine stamp
• 1:26:14
  seed plate with the words intact.
• 1:26:16
  They've took a blowtorch and they literally just blowtorched
• 1:26:21
  it and it survived as well. So titanium's one of the
• 1:26:24
  strongest metals on planet Earth.
• 1:26:27
  There's a reason that, you know, spaceships and stuff use
• 1:26:29
  titanium. This is the right way.
• 1:26:32
  No, that's airplanes. Airplanes need the.
• 1:26:36
  They need the weight, they need the.
• 1:26:38
  No, they use aluminum hardware on the planes.
• 1:26:40
  It doesn't corrode or and it's like it's pretty much just as
• 1:26:43
  light, but they. They don't they, You know what
• 1:26:45
  they use titanium for? They use it for submarines to
• 1:26:48
  resist the pressure. So yes.
• 1:26:51
  What about the moon landing? There was aluminum foil up
• 1:26:53
  there. Was it really up there?
• 1:26:56
  I don't know. All right, everybody scan the QR
• 1:27:00
  code, get yourself a stamp seed. See a bunch of you guys already
• 1:27:03
  have done so. Get yourself a stamp seed kit
• 1:27:05
  today. Use promo code.
• 1:27:07
  Simply get 15% off. They just dropped their new kit.
• 1:27:10
  Comes in carbon fiber, has the words, has the plates, whatever
• 1:27:14
  you choose. 24 words. 12 words Shamir.
• 1:27:18
  The 12 words was very, very It was.
• 1:27:20
  Very. Yeah.
• 1:27:21
  Yeah. For everyone complaining about
• 1:27:23
  the 12 words, you better go buy some now because James, James
• 1:27:26
  delivered on that one. Some, yeah.
• 1:27:29
  It took time, but it's here. Some people are trolling in the
• 1:27:32
  chat. Go buy a stamp seat.
• 1:27:34
  At least that will retain value. All right everybody, that was
• 1:27:39
  today's assembly Bitcoin live show.
• 1:27:41
  I'm your host Nicos, my Ledger Co host Optimus Fields and our
• 1:27:44
  special guest for today, Hammer time James from Stamp seed.
• 1:27:48
  Go to stampse-ed.com today slash simply get 15% off if you use
• 1:27:52
  the promo code simply hammer time stamp your seed into
• 1:27:56
  titanium. Love you guys.
• 1:27:57
  We'll see you tomorrow for brand new episode of simply Bitcoin
• 1:28:00
  live Huddle. Everybody buy the dip.
• 1:28:03
  Buy the dip. Take care, bye.
• 1:28:05
  Today's episode was brought to you by bitcoinwell.com, a
• 1:28:08
  Bitcoin only platform on a mission to enable financial
• 1:28:11
  independence.