Latest / Simply Bitcoin / 5 Reasons Why Bitcoin's Next Bull Run will be EPIC | EP 1005

Transcript

5 Reasons Why Bitcoin's Next Bull Run will be EPIC | EP 1005 · Simply Bitcoin

• 0:02
  It's all. Going to zero against Bitcoin.
• 0:06
  It's going up forever. You're against Bitcoin.
• 0:16
  You're against freedom. Yeah, welcome to some Bitcoin
• 0:24
  live here number one source for the peaceful Bitcoin revolution
• 0:27
  of cup breaking news culture matic warfare will be your guide
• 0:30
  through the separation of money and state.
• 0:32
  Ladies and gentlemen, sit back, relax, enjoy the ride.
• 0:34
  Welcome to simply Bitcoin live, the most watched daily Bitcoin
• 0:38
  live show on YouTube, Rumble NX. Lots of stuff to talk about.
• 0:42
  Well, mainly there's like 5 or 6 or maybe even 7 reasons as to
• 0:48
  why this cycle is going to be absolutely bonkers.
• 0:52
  And it's not just hopium. It's like literal reasons.
• 0:56
  Like we will name them, we will, we will go 1 by 1, the specific
• 1:01
  reasons. And it's absolutely insane
• 1:03
  because these things weren't happening last cycle when we
• 1:09
  were at 60, I think as we peaked at like 69,000.
• 1:13
  None of these things were true. They weren't even remotely true.
• 1:16
  Like Sailor wasn't vindicated. You didn't have nation states
• 1:19
  mining Bitcoin. The Bitcoin ETF wasn't approved.
• 1:23
  And I think we all feel it like we're at $71,586 right now.
• 1:27
  And I don't know about you guys, but I'm just bored, right?
• 1:30
  So I think we all kind of feel what's coming.
• 1:33
  I think we're all, you know, a little bit bored.
• 1:37
  And, you know, it's kind of like you run a marathon and you're
• 1:41
  almost done with the marathon. You finished, You know, you see
• 1:43
  the finish line, but that's like the hardest part.
• 1:45
  It's the hardest part. That's the part you're like, oh,
• 1:47
  man, it's close, but it's not so close.
• 1:51
  So I think we're on the verge of something absolutely epic.
• 1:54
  I feel it in my bones. And today we're actually going
• 1:57
  to talk about, you know, the actual reasons as to why this is
• 2:01
  lining up to be something like epic, historic, insane.
• 2:07
  I think it's going to melt faces.
• 2:08
  Definitely the next 12 to 18 months.
• 2:11
  Hurts to say that because it's a long time, but in the grand
• 2:15
  scheme of things, I don't think it is.
• 2:16
  In other news, also Opti's ex-girlfriend, she went on
• 2:21
  Twitter a couple days ago and it's official.
• 2:25
  The European Union is rolling out a central bank digital
• 2:29
  currency. And like, I mean, it's, it's
• 2:35
  like, do you need one? No.
• 2:38
  Do the central bankers need one to stay relevant?
• 2:41
  Absolutely. And this is interesting because
• 2:44
  in in the United States at least, it's going to be a little
• 2:47
  bit harder for them to roll it out just because of the, you
• 2:51
  know, the vote that happened in the House the other day.
• 2:53
  And also, not to mention the fact that there's, there are
• 2:56
  specific states like the great state of Florida that have
• 2:58
  passed laws that specifically forbid the roll out of central
• 3:03
  bank digital currencies. Also, in other news too, it
• 3:07
  seems like, you know, the, the pension fund's big purchase of
• 3:15
  the spot Bitcoin ETF, more than $100 million is making the
• 3:21
  legacy media news, right? So there were, there was this
• 3:24
  PBS just kind of like news bit very traditional media, very old
• 3:29
  school. And they were talking about it.
• 3:31
  And I, I could just kind of see her face like seething like, and
• 3:36
  again, like you can't call it, it's at, at this point when you
• 3:40
  have a fully funded state pension fund, state pension
• 3:44
  buying allocations of Bitcoin, you have massive banks like
• 3:47
  Wells Fargo, JP Morgan, BNB Paribas.
• 3:51
  At what point do you do you call it a scam?
• 3:54
  And then these are very powerful institutions and all of a sudden
• 3:58
  their incentives are going to start aligning a little bit with
• 4:01
  Bitcoin. So that's also something to talk
• 4:03
  about as well, right? Anyway, it's going to be a great
• 4:06
  episode. Lots to talk about today, ladies
• 4:08
  and gentlemen. I also want to bring up my
• 4:09
  legendary Co host who's always optimistic.
• 4:13
  I mean, not to say that anymore. So the Casanova of the central
• 4:16
  banker. We have optimist fields in the
• 4:19
  house. How you doing Opti?
• 4:21
  I'm doing wonderful, man. Life's great, everything's
• 4:24
  wonderful. We get paradise, we get Bitcoin.
• 4:27
  Who could really complain at this point?
• 4:29
  Life is awesome. Anyways, anyways, I, I already
• 4:32
  feel like I need to get the energy up.
• 4:33
  I I am on my second cup of coffee so I'm lacking on my
• 4:36
  caffeine this morning. But man, interesting,
• 4:39
  interesting time. Also, it looks like we might be
• 4:42
  getting close to 73 K. We might be touching all time
• 4:45
  highs. So are we breaking out?
• 4:47
  Are we are we testing all time highs?
• 4:50
  Who knows. But boys, we are so back and
• 4:52
  girls in the chat, we're so back.
• 4:53
  If you'll feel. Anything though, like we're
• 4:55
  close to all? Time.
• 4:56
  We're dead inside. We're dead inside.
• 4:58
  I'm like. Like you know, what is this like
• 5:02
  type of thing, right? So anyways, I do want to bring
• 5:05
  up our special guest for today. We have the house.
• 5:07
  Daniel, how you doing? Thank you so much for joining us
• 5:09
  on Simply Bitcoin Live. Thanks guys.
• 5:13
  I appreciate you the invite up and excited to hang out and talk
• 5:17
  simply about Bitcoin. Absolutely.
• 5:20
  So Opti, why don't you give a why don't you give the audience
• 5:22
  a quick elevator? Bitch about what we are going to
• 5:24
  talk about during the culture. Yeah, exactly.
• 5:27
  So you guys know the deal, the culture, we feature our guests
• 5:31
  and we got Daniel. He is president of Bitcoin is
• 5:33
  Better, author of the book titled by the same name, Bitcoin
• 5:37
  is Better. So I guess I'll give the floor
• 5:39
  for you. Thank you.
• 5:39
  Daniel. What's a TLDR elevator pitch on
• 5:42
  what is Bitcoin is better? So Bitcoin is better means
• 5:46
  something different to everyone. Bitcoin as as we know, is a very
• 5:50
  broad idea. So as you adopt Bitcoin, it's
• 5:54
  going to be something personal to you, something that Bitcoin
• 5:57
  makes better in your life. So the idea of the book was to
• 6:01
  write 5 chapters. I could have written probably 20
• 6:04
  or 30 chapters. But why Bitcoin is better money,
• 6:08
  better economics, better politics, better property and
• 6:11
  better health and distilling that message into the the common
• 6:17
  man language, You know, a book that I could give to my dad and
• 6:20
  that he would understand. So that was the book, the
• 6:25
  nonprofit. The idea behind the nonprofit is
• 6:28
  you reach a point like in your Bitcoin rabbit hole journey
• 6:33
  where at least me personally, I almost felt like I was becoming
• 6:37
  intellectually selfish by going deeper and deeper when really I
• 6:41
  mean, Bitcoin is much simpler money than Fiat.
• 6:45
  So it's like instead of going deeper and deeper down the
• 6:47
  rabbit hole, why don't we go out and try to, you know, share that
• 6:51
  there is a rabbit hole. Just because we're decentralized
• 6:54
  doesn't mean we need to be disorganized.
• 6:57
  So the best vehicle like to do that, because when I speak with
• 7:03
  pre Bitcoiners, when I share that we're a nonprofit focused
• 7:07
  on financial education, the guard goes down because whether
• 7:10
  we like it or not, there is a lot of baggage from from the
• 7:13
  last, you know, crypto collapse with FTX and Celsius and block
• 7:19
  Fi. So yeah, super excited.
• 7:22
  We've got 10 people, all volunteers on our board, Bitcoin
• 7:25
  only and yeah, hoping to do big things starting.
• 7:30
  We we started the beginning of this year.
• 7:32
  So we're, we're new, but but we've got some big ideas.
• 7:34
  So, so yeah, thanks for having me up, guys.
• 7:38
  Love it man. Well.
• 7:38
  Welcome to the show. I'm really excited to hear more
• 7:41
  about it during the Culture segment.
• 7:43
  Culture segment is dedicated to Bitcoiners from all walks of
• 7:45
  life so they can talk about what they're doing, what they're
• 7:48
  contributing to this peaceful Bitcoin revolution.
• 7:50
  I can't wait to hear more about what Daniel is working on Ladies
• 7:54
  and gentlemen, before we start the show, I do want to highlight
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  At the time of recording the Bitcoin price is 71,690.
• 12:44
  I feel nothing inside. So that's per dollar 1395 block
• 12:48
  height 846,641 bucks to having 203,359 having estimate March
• 12:57
  22nd 2028 total like network capacity 4752 Bitcoin capacity
• 13:03
  value 340 million U.S. dollars realized monetary inflation
• 13:07
  1.62% market capitalization 1.41 trillion Bitcoin versus gold
• 13:13
  market cap 8.79%. Once Bitcoin reaches the market
• 13:17
  cap of gold, I think that puts it up between 600 to $700,000
• 13:21
  per Bitcoin. That's absolutely insane.
• 13:24
  Anyways, a key theme of this show, something that I say not
• 13:29
  every day anymore, but something that I say often is Bitcoin or
• 13:32
  slavery. I, I want to emphasize this.
• 13:35
  First of all, this is not a hyperbolic statement, number
• 13:37
  one. Number two, when I say slavery,
• 13:41
  I'm specifically referencing central bank digital currencies.
• 13:46
  Central bank digital currencies are what's going to enable
• 13:49
  slavery. I would say that as long as Fiat
• 13:54
  is a thing, as long as the government is able to issue
• 13:57
  money, as long as the government is able to control money, you
• 14:01
  will never have a government by its people.
• 14:04
  For the people, you will always have a government by the
• 14:09
  government. For the government, they will
• 14:11
  never be incentivized to do good by their constituents.
• 14:15
  They will always be incentivized to keep the control system, keep
• 14:19
  the money printer alive, keep the control of money alive.
• 14:23
  Because they're not incentivized.
• 14:25
  They don't. Their power, their funding,
• 14:27
  doesn't come from the people. It comes from the government
• 14:30
  themselves. This is what the peaceful
• 14:32
  revolution is all about. This is what the separation of
• 14:36
  money and state is all about. And government bureaucrats, the
• 14:41
  administrative state, some people call it the deep state,
• 14:43
  but it's the administrative state.
• 14:45
  They will never that that bureaucracy will never act out
• 14:50
  of the benefit to benefit the people.
• 14:52
  They will always act to benefit themselves to ensure their own
• 14:56
  survival, to ensure their own employment.
• 14:59
  That's that's what they're going to do, right?
• 15:01
  And does that really work for everybody?
• 15:04
  Like, you know, like, as long as Fiat is a thing, governments
• 15:08
  will hold all of their citizens hostage.
• 15:11
  And that's just a fact, right? This is what the separation of
• 15:14
  money and state is all about. We have to bring, you know,
• 15:17
  we're obviously we're based out of America, but this applies to
• 15:20
  every country on planet Earth. We have to give the government
• 15:24
  back to the hands of the people. And we can't do that without
• 15:26
  getting rid of Fiat. We can't get, we can't do that
• 15:29
  without getting rid of the money printer.
• 15:32
  One of the things that I've always said is that you can, you
• 15:35
  can't be a pro Bitcoin and anti CBDC president, right?
• 15:40
  There was a bill that was passed not too long ago, May 23rd, and
• 15:44
  the bill was to ban the Federal Reserve from issuing a central
• 15:48
  bank digital currency. Now, what was really interesting
• 15:50
  is that it was against, it was like literally by party lines
• 15:55
  the, the, all the Republicans voted for the, the ban on the
• 16:00
  Federal Reserve issuing in CBDC. Almost all the Democrats voted
• 16:05
  against the ban, which I found really interesting.
• 16:08
  And my question to everybody is why are so many Democrats pro
• 16:11
  CBDC? Right.
• 16:14
  And if you know, if CBDC's are slavery, you know, it's it's
• 16:19
  kind of interesting why the Democratic Party would be, you
• 16:22
  know, pro slavery money. Anyways, so I do want to mention
• 16:28
  this because again, just because you don't see it, just because
• 16:32
  it doesn't fall on your feed doesn't mean that it's not
• 16:35
  happening, right? We all know Optis ex-girlfriend
• 16:39
  or one of his ex girlfriends. He loves dating central bankers.
• 16:42
  Here is Christine Lagarde and here is her announce her
• 16:45
  announcement of a central bank digital currency.
• 16:49
  Of course, we did an app. We did a bit a block yesterday
• 16:53
  during the culture segment on the importance of memes.
• 16:56
  This is a memes. It's just like this is just a
• 16:58
  horrific meme. Like what's is that with the
• 17:00
  multi colour in the background like the purple and the blue
• 17:03
  like looks dystopian. That pantsuit that shit looks
• 17:07
  scary. Like what is that pin?
• 17:09
  You know, it's some like demonic emblem I guess.
• 17:11
  Anyways, let's check it out. The digital euro is on the move.
• 17:16
  Yesterday, the Governing Council of the ECB approved the opening
• 17:21
  of the preparation phase. It will be a journey and we will
• 17:26
  walk the journey together with the legislator.
• 17:30
  All European institutions will be involved to make sure that
• 17:34
  Europe is equipped with the currency of the future.
• 17:39
  Cash is here to stay. You will have all options, cash
• 17:46
  and digital cash. So what does it mean for you?
• 17:51
  For consumers, it would be free and easy to use everywhere in
• 17:56
  the euro area. All of that, of course, is
• 17:59
  subject to the legislative process.
• 18:03
  Cash or digital, the choice will be yours the.
• 18:08
  OK, I, I got AI got a better choice for you guys.
• 18:11
  Bitcoin or slavery, like that's the actual choice and it is a
• 18:17
  bit dystopian. Like it is dystopian AF.
• 18:21
  Like the way that she phrase it, you will have a choice.
• 18:24
  We're doing this through the legislative process.
• 18:27
  You can kind of like human beings have an ability to.
• 18:31
  And as I've gotten older, I've I've, I've chosen to listen to
• 18:36
  my intuition more and more and more.
• 18:38
  And what is your intuition? Your intuition is basically
• 18:42
  millions of years of evolution of your ancestors making these
• 18:46
  mistakes. And it just kind of builds up,
• 18:49
  right? You kind of just know innately
• 18:52
  something is wrong, right? Whether that's about a person or
• 18:55
  if you're in a specific situation, like you're in a
• 18:58
  room. You can't explain it.
• 19:00
  You can't like, make a logical explanation of it in your head.
• 19:05
  But you innately know something is wrong.
• 19:08
  When you watch that video, do you really trust her?
• 19:13
  Does that sound like someone who's trustworthy?
• 19:16
  Does that sound like someone that you're like, Oh yeah, Cash
• 19:20
  is here to stay? You will have a choice.
• 19:24
  Like she's saying all the things that she has to say in order for
• 19:29
  you to trust her. But with that fake ass
• 19:32
  background, with that pantsuit that she's wearing it, it
• 19:36
  doesn't inspire trust, right? And also don't pay attention to
• 19:41
  what they say. Pay attention to what they do.
• 19:43
  They're doing this, but at the same time they're hostile
• 19:46
  against the alternative. They're hostile because and
• 19:49
  she's laying the case. She's like, Europeans will have
• 19:52
  two options, cash and digital cash.
• 19:56
  But the digital cash is going to be a CBDC, right?
• 19:59
  We're not going to get rid of cash altogether.
• 20:01
  That's moving the Overton window way too fast, too quickly.
• 20:04
  We'll, we'll get rid of that later.
• 20:06
  But let's get this instituted first.
• 20:09
  No mention of Bitcoin as an alternative.
• 20:12
  So basically you have a central banker that has the backing of
• 20:17
  the government basically saying like, look like you don't have a
• 20:21
  choice to use Bitcoin. We don't determine that Bitcoin
• 20:25
  is money, so therefore you can't use Bitcoin.
• 20:29
  And then connect this with what I was saying in the beginning.
• 20:33
  You cannot have a government that works for the people until
• 20:39
  the money and state are separated.
• 20:42
  It is impossible. The incentive structure is not
• 20:45
  aligned whatsoever. You're going to have a system of
• 20:49
  control that is purposely designed in order to protect its
• 20:54
  Moat, in order to protect itself.
• 20:57
  And what you're seeing with that video from Christine Lagarde,
• 21:00
  when you see that video from Ursula basically saying, oh, we
• 21:03
  have to be preemptive. It's not enough to censor.
• 21:07
  We have to preemptively censor, meaning we have to check the
• 21:11
  information before it releases U.S. government bureaucrats and
• 21:14
  get to decide what is right and what is not right.
• 21:18
  And this reminds me of Jeff Booth's, You know, things every
• 21:22
  time he comes on simply Bitcoin IRL.
• 21:23
  I highly recommend that episode, by the way.
• 21:25
  He like blows my mind because essentially the case that he
• 21:28
  makes is Nico. In this system of theft,
• 21:32
  coercion is necessary in order for it to function.
• 21:37
  Without it, it cannot function, right?
• 21:40
  And I think what you're seeing there with Christine Lagarde,
• 21:44
  what you're seeing there, unfortunately in Congress is you
• 21:48
  have a large amount, not all of them.
• 21:51
  It's not a monolith, but you have a big percentage of
• 21:54
  politicians and bureaucrats that fundamentally believe that they
• 22:00
  have the right. And remember in specifically in
• 22:03
  the UN, in the, in the US where the Constitution is purposely
• 22:07
  built, not to give you freedoms and rights, but to protect the
• 22:12
  government from taking those freedoms and rights away from
• 22:15
  you, right. You have politicians and
• 22:20
  bureaucrats that fundamentally believe, because Fiat has given
• 22:24
  them this, this belief that they have the right to choose the
• 22:30
  ability to choose what money you can use and what money you can't
• 22:35
  use. I refuse to go back to that
• 22:39
  system. And our system is not based on
• 22:42
  coercive means. Our system is based on
• 22:46
  incentives, so people aren't coming to Bitcoin or the other
• 22:51
  shit coins for whatever reason they'd want to do that because
• 22:55
  they're being coerced to do so. They're doing it because they're
• 22:59
  following their incentives. And who created an incentive
• 23:03
  structure for people to seek alternatives?
• 23:06
  Governments did. Why?
• 23:08
  Because they debased the currency.
• 23:10
  Therefore, they broke the trust that the population gave,
• 23:14
  bestowed on to them and said, I am going to trust you, me, the
• 23:18
  citizen with the money. But governments broke that
• 23:22
  trust, used it to enrich themselves, and worse, they used
• 23:27
  it to not only enslave us, but propagate these endless wars.
• 23:32
  Enough is enough. It's time to separate money from
• 23:35
  state. Anyways, I'm going to pass it on
• 23:37
  to Opti. Opti, what's your take on this?
• 23:39
  Why? Like, dude, I know I'm going to
• 23:43
  like, I, I sound like I'm, I'm beating a dead horse
• 23:45
  metaphorically, bro. But like, why'd you do that to
• 23:48
  Chrissy? Why'd you do that to Chrissy?
• 23:51
  She's like vindictive, she's vengeful.
• 23:54
  She absolutely hates you. You know she, she's out for
• 23:57
  blood, man. Yeah, well, you know, Nico ain't
• 24:00
  nothing worse than a spiteful lover.
• 24:02
  And I think this is what we're seeing anyways.
• 24:07
  All right, seriously, I, I really liked when Christine
• 24:12
  Lagarde said the choice will be yours.
• 24:14
  It's going to be between cash and a digital cash, except for,
• 24:18
  you know, no mention of Bitcoin. And it was basically, as someone
• 24:22
  said in the chat, which reminds me of of pretty much politics in
• 24:25
  a nutshell. It's like you can have a choice
• 24:28
  on this hand and a choice in this hand, and these are the
• 24:31
  only two choices you have. Just completely ignoring the
• 24:35
  fact that Bitcoin is a thing. And they're just like, yeah,
• 24:37
  man, again, they always go back to the same thing, that this is
• 24:41
  all about the ease of payments and for your convenience.
• 24:44
  And she even said it will be free and it'll be easy and like
• 24:49
  nothing is free. And they trap you with ease,
• 24:52
  like you will end up a slave in a digital dystopia by the slow
• 24:56
  creep of digital central bank cash.
• 24:58
  And this is the slow creep. They come out here, they try to
• 25:01
  make memes, they try to make it palatable for the average
• 25:04
  person. They try to make it seem like
• 25:05
  they are doing something for your benefit when in reality
• 25:09
  it's very nefarious and they are just trying to trap you in a
• 25:12
  cage. So the PSAI think here is quit
• 25:16
  exchanging convenience for safety.
• 25:19
  Like do not trust these central bankers, do not trust at this
• 25:22
  point, don't trust any banker, I would say and become your own
• 25:25
  bank like the bit corners always say.
• 25:27
  And again, I'm I'm not surprised that Christine Lagarde is
• 25:30
  pushing their CBDC narrative forward.
• 25:33
  I think they have to. I think they're at the point
• 25:35
  where they are absolutely backed up in the corner because
• 25:40
  everything, all Fiat currencies seem to be failing.
• 25:42
  And of course, if they have everyone in a digital cash, then
• 25:47
  it basically means that they could just press a button and
• 25:49
  print more money. They just add more zeros to the
• 25:52
  total balance sheet and literally in seconds they will
• 25:56
  be able to expand the money supply and steal your wells.
• 25:59
  So don't take this abuse. Opt out of the madness.
• 26:02
  Start saving in Bitcoin. You don't need their binary
• 26:06
  options here. You need to get off 0 today and
• 26:08
  save in Bitcoin. There is 1/3 option and it is
• 26:11
  saving in Bitcoin. And again, at this point, how
• 26:14
  can you even trust these people? How do you trust the
• 26:16
  institutions after all the abuse they've they've thrown on you
• 26:20
  and you think that they're going to do something for your
• 26:22
  benefit? It's like, no, we say it all the
• 26:24
  time. It's all about incentives and
• 26:26
  they're incentivized to keep you in that gilded cage.
• 26:29
  Make sure that you trade your liberties, your rights for
• 26:32
  safety. And we're seeing this this play
• 26:35
  out again. And I'm not surprised that it's
• 26:37
  like she does it, you know, she's got that like wealthy nice
• 26:42
  grandma vibe to her shorts where she's like, look, I'm I'm here
• 26:45
  to help you, man. Like this is some, this is some
• 26:47
  elderly advice here. And in reality, she's got a
• 26:50
  knife behind her head and her mouth and she's going to
• 26:53
  literally stab you in the back and get you trapped forever and
• 26:56
  ever and ever and your children forever and ever and ever.
• 26:59
  So start saving in Bitcoin today.
• 27:01
  Anyways, Daniel, what's your thoughts on this?
• 27:03
  Yeah, I, I don't know that I could top that explanation of
• 27:07
  the CBDC. You guys really knocked it out.
• 27:09
  I, I, I refer to them as central bank digital chains.
• 27:14
  So as you mentioned, I mean, it's all about convenience.
• 27:16
  And we really, I, I feel a duty to wake people up that, you
• 27:22
  know, liberty is more important than security.
• 27:26
  And I get so frustrated, especially speaking with people
• 27:29
  in the middle class who cling to paying in paper cash to try to
• 27:34
  avoid the CBDC or cling to gold. It's like that is a complete
• 27:40
  denial of the future because the future is digital payments.
• 27:44
  So we're not going to pay each other with paper cash over the
• 27:47
  Internet. We're not going to pay each
• 27:48
  other with gold. So it's like Bitcoin.
• 27:52
  Bitcoin is so important. There is like that is the other
• 27:56
  option Bitcoin or slavery? Because we need a digital cash
• 28:00
  which is decentralized and no one controls the Ledger.
• 28:05
  So when I hear Christine Lagarde speak or Jerome Powell speak, I
• 28:09
  just think 50 to 100 years from now, people are going to be
• 28:12
  shocked that we let these groups of central bankers control the
• 28:16
  Ledger. So those are my, those are my
• 28:20
  two sets. Hey, man, man, I think that's a.
• 28:22
  Can we can we read this comment because I think this is great.
• 28:24
  So when some hacks go start calling them digital vouchers,
• 28:27
  you will get paid in vouchers with expiry date and controls on
• 28:30
  how they can be spent. Absolutely love that.
• 28:33
  And and to Daniel's point, yeah, you said central bank digital
• 28:36
  chains. And I always say central bank
• 28:38
  digital control, it's the same, the same thing. 100%, man, we,
• 28:43
  we, dude, we just, we have to be, we have to be vigilant.
• 28:45
  We have to be aware of of what it is and we have to keep our
• 28:49
  eyes open. Anyways, I do want to give a
• 28:52
  very special shout out to our sponsor.
• 28:54
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• 28:58
  That's going to be the day before the largest Bitcoin
• 29:02
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• 29:09
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• 29:10
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• 29:19
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• 29:22
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• 29:26
  entire Simply Bitcoin crew including Niko Sophie, Opti,
• 29:30
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• 29:34
  Tatum, Turnip, Adam O'Brien and many more.
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  It's going to be hosted at an amazing venue, a rustic
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  There's only about 50 tickets or so left at the $200.00 price
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  excuse me, over 1000 Bitcoin plebs are expected to attend the
• 30:13
  event. So get your tickets now to the
• 30:15
  Pleb Party Nashville 2024. Scan the QR code or check the
• 30:19
  link in the video description. And we're looking forward to
• 30:22
  seeing you guys in person at the pleb Party in Nashville.
• 30:25
  It's a great way to, you know, network and spark up
• 30:28
  conversations with some of your favorite bitcoiners.
• 30:31
  All right, everybody, let's move on to the news.
• 30:33
  Lots to talk about the Daily News.
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  We use it ourselves at Simply Bitcoin.
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  All right everybody, I do want to get to this news also shout
• 32:32
  out to the 930 of you guys watching live between YouTube
• 32:36
  and X and shout out to the 30 of you guys watching live on
• 32:41
  rumble. If you guys are enjoying the
• 32:42
  show, make sure to smash that like button on Twitter on
• 32:46
  YouTube. Help us break 150 likes within
• 32:49
  the first hour. It really, really helps with the
• 32:51
  algos and helps it tells the algos to push this content
• 32:54
  forward. Anyways, the name of the title
• 32:57
  of today's show is why the 2025 bull market is going to be
• 33:01
  absolutely Insane. And the reason for that and is
• 33:05
  I'll give you 5 reasons specifically is things are very,
• 33:10
  very different compared to the last time we were at these price
• 33:15
  points. You have institutional interest,
• 33:18
  you have nation states mining Bitcoin, you have the hash rate
• 33:21
  reaching all time high. Things are very, very different.
• 33:25
  And with the institutional interest, with the introduction
• 33:29
  of a BlackRock spot Bitcoin ETF that is the legitimate, there is
• 33:33
  the legitimization in the eyes of Tradfi of Bitcoin.
• 33:38
  It's basically saying Bitcoin is here to stay.
• 33:41
  It's a legit asset. It's not going to get banned.
• 33:44
  And let's check out this bit from PBS Legacy Media talking
• 33:48
  about the the Wisconsin State pension plan.
• 33:52
  Let's check it out. The Wisconsin pension fund,
• 33:55
  ranked as one of the most fiscally sound in the nation,
• 33:58
  took bold action this year. It invested in Bitcoin.
• 34:01
  Most all government workers are part of the employee trust fund
• 34:04
  that pays out retirement benefits.
• 34:06
  But for a pension fund widely known for being stable, prudent
• 34:09
  and smart with investments, is this a departure or write on
• 34:12
  brand? Our next guest says it's
• 34:14
  certainly turning heads. We should know.
• 34:16
  PBS Wisconsin employees are participants in the Wisconsin
• 34:19
  Retirement System. Dude, you know how how like how
• 34:24
  epic that was? It's like, first of all, this is
• 34:26
  a this is one of the largest in the country by the way.
• 34:29
  It's like look like even our own employees are going to have
• 34:33
  exposure to Bitcoin now government workers.
• 34:37
  So do you think these government workers are going to act against
• 34:39
  their own interests? Do you guys understand what's
• 34:41
  happening? Like, Bitcoin is literally like
• 34:45
  getting its tentacles in in all places, and it's absolutely
• 34:49
  awesome. Let's check.
• 34:50
  It out. We are joined by David Krause,
• 34:51
  Marquette University Emeritus Associate Professor of Finance.
• 34:54
  And thanks very much for being here.
• 34:55
  Yes, thank you. So what is the reaction within
• 34:57
  the kind of investment industry to this news?
• 35:00
  The investment industry is pretty amazed that a pension
• 35:03
  fund this early in the introduction of the Bitcoin ETF
• 35:07
  came on board. They expect that it might take
• 35:09
  several years before there would be institutional involvement
• 35:13
  with Bitcoin investing. So Bitcoin ETF is different and
• 35:17
  apart from the kind of bitcoins that folks might have in their
• 35:21
  digital wallets. Yeah, that's right.
• 35:23
  It was January of this year that the Spot Bitcoin ETF was
• 35:27
  approved by the SEC. That allowed investors like the
• 35:31
  University Systems or SWIB, in this case the Wisconsin
• 35:34
  Investment Board, to buy directly these securities that
• 35:38
  are regulated by the SEC, highly liquid and traded on exchanges.
• 35:42
  Still, was it a surprise to you to see that?
• 35:45
  It was, but Wisconsin's investment board has always been
• 35:50
  innovative. This is a fully funded pension
• 35:52
  fund, so in a way, they have the luxury of being able to invest
• 35:56
  for the long term. They don't need to worry as much
• 35:59
  about liquidity as, say, the pension fund for the state of
• 36:01
  Illinois, which is only funded at 50% of its level.
• 36:05
  So should it cause pensioners though, or workers to worry
• 36:08
  given the volatility of Bitcoin? Lot of assets are volatile.
• 36:12
  I mean if you really were to look deep down into the
• 36:15
  portfolio, you would see that a lot of assets including some
• 36:18
  stocks as well as some other alternative investments are
• 36:21
  quite volatile in nature. Bitcoin has moved around a lot,
• 36:25
  but supply and demand are starting to balance out and I do
• 36:29
  think the investment community is beginning to understand this
• 36:31
  more as a viable alternative investment.
• 36:34
  So how much are they putting into Bitcoin compared to the
• 36:36
  fund itself? Compared to the fund itself,
• 36:38
  it's, it's just a toe in the water.
• 36:40
  It's 110th of 1%. Now $180 million is not pocket
• 36:45
  change, but this is $180 billion fund.
• 36:49
  I think it's just an entry point.
• 36:51
  I I think they're testing to see the reaction to the public to
• 36:55
  whether or not there's resistance to owning this and
• 36:58
  they're using it as a trial run because it really is not going
• 37:00
  to impact the portfolio substantially until you.
• 37:03
  Now I'm going to, I'm going to stop it right there, guys.
• 37:05
  I highly recommend checking out the entire interview.
• 37:09
  I'm going to put it in the chat, but I'm going to make a
• 37:12
  prediction. And so far we've been on point
• 37:15
  with predictions, haven't we, Opti?
• 37:17
  And it's not because Opti and I are geniuses or anything like
• 37:19
  that. It's just because we are
• 37:21
  literally believe, believe in the way that we look at this is
• 37:27
  we understand Bitcoin's game theory and we understand
• 37:30
  incentives. If you understand those two
• 37:32
  things. And of course you can sprinkle
• 37:34
  in the theories from the sovereign individual, the theory
• 37:37
  of violence, I think is we we kind of use that sometimes to
• 37:41
  make predictions and stuff, not price predictions.
• 37:43
  No one knows where the price of Bitcoin is going to be
• 37:45
  ultimately anywhere at any time. But but in terms of the adoption
• 37:50
  of Bitcoin, it's going to start off with 110th of 1%.
• 37:55
  But what's going to happen is when Bitcoin does its number go
• 38:00
  up thing, even if they don't allocate more money to it, it's
• 38:05
  going to grow to 1% of the pension fund because of number
• 38:08
  go up technology. What do you think they're going
• 38:11
  to do at that point? They're going to put in more and
• 38:15
  then what it what, what's going to happen after that?
• 38:16
  It's going to compound. All of a sudden, government
• 38:20
  workers in other states that are looking at the Wisconsin pension
• 38:23
  fund, they're going to say, wait a second, why isn't, why isn't
• 38:27
  our pension fund investing or getting exposure to Bitcoin?
• 38:32
  Their pension fund is outperforming our pension fund.
• 38:36
  And remember, these are government workers.
• 38:38
  So all of a sudden, any politician that comes out
• 38:42
  vocally against Bitcoin, what do you think is going to happen to
• 38:45
  them? They're not going to be very
• 38:47
  popular with the government workers themselves.
• 38:51
  And This is why, going back to the CBDC stuff, we are going to
• 38:56
  win at the end of the day because Bitcoin has superior
• 39:00
  incentives, full stop, right? So we said there was a couple
• 39:04
  bullish things. This is bullish thing, Number
• 39:05
  one, we would never have imagined this back in 20/16/2017
• 39:10
  when Opti and I came into this, it one of the narratives that we
• 39:13
  used when Bitcoin had its correction in 2018 was the
• 39:17
  pensions are coming. I mean, sorry, the, the
• 39:19
  institutions are coming. They're coming to save the day.
• 39:21
  No, no, no, no, they took them, you know, they took their sweet
• 39:25
  ass time, but they're finally here.
• 39:27
  And when you have these types of legacy media interviews, right?
• 39:32
  And the remember, the audience of this type of content are the
• 39:37
  older generation, which have the lion's share of the wealth.
• 39:40
  And in their eyes, they're seeing this and they're like,
• 39:42
  wait a second, you know, this, this ETF might be a good idea.
• 39:46
  And by the way, nothing is just by coincidence, all right?
• 39:50
  There's no coincidence this year.
• 39:52
  This is happening because BlackRock owns the world.
• 39:55
  And BlackRock basically said, you know what, Bitcoin is good
• 39:58
  now this ESG stuff ends now. Is Bitcoin good now?
• 40:02
  Orange coin good, right? Anyways, here's Adam back,
• 40:06
  absolute legend. And look, just pointing it out
• 40:10
  another thing, another reason as to why, why you should be
• 40:13
  bullish and another reason as to why I believe the end of 2024
• 40:18
  and 2025 are going to be absolutely insane.
• 40:21
  So February 4th, new Bitcoin mined 450 Bitcoin purchased by
• 40:27
  ETFs 12,508. Literally.
• 40:33
  Bro. Look with gold this can't happen
• 40:36
  because when the price of gold goes up, the production of gold
• 40:40
  goes up with it. Even if the price of Bitcoin
• 40:43
  goes up, not only does the production of Bitcoin stay the
• 40:47
  same, it actually gets cut in half every four years, right?
• 40:52
  OK, Next thing, absolute comeback by the ETFs.
• 40:57
  We had the second largest ETF inflow I believe it was
• 41:02
  yesterday. Shout out to our friends over at
• 41:04
  Bitcoin Magazine tweeting this out.
• 41:06
  Bitcoin ETF saw $886,000,000 in inflows yesterday, the 16th
• 41:12
  straight day of inflows. We are so back and we're
• 41:16
  currently sitting at 71,347 dollars.
• 41:20
  Anyways, here is the Simply Bitcoin Twitter account by the
• 41:23
  way, highly recommend you follow it.
• 41:24
  It's one of the best new Bitcoin news aggregators right now.
• 41:28
  Anyways goes on to say over $887,000,000 in inflows.
• 41:32
  Zoomers, you missed the Ambrose $887,000,000 in inflows to the
• 41:38
  Bitcoin ETF. Second highest day ever.
• 41:41
  Australia launched theirs yesterday.
• 41:43
  Thailand just approved its first spot Bitcoin ETF hash ribbons.
• 41:48
  One of the more accurate price predictors just gave a buy
• 41:51
  signal few, right? And here's a great just kind of
• 41:56
  just pointing it out. Here's the 2012 having.
• 41:58
  Here's the 2016 having. Here's the 2020 having, here's
• 42:01
  the 2024 having. I mean, what do you think's
• 42:04
  going to happen next? All right, now let's get back to
• 42:07
  like, what are the five bullish things that I'm looking for?
• 42:11
  And I'll add a separate one to this before I get into Marty
• 42:14
  Ben's TFTC article. And that is, of course, nation
• 42:19
  states mining Bitcoin using publicly traded American
• 42:22
  companies. So we have the Kingdom of Bhutan
• 42:25
  that teamed up with Bit deer to use their tremendous amount of
• 42:29
  excess hydroelectric power to mine Bitcoin.
• 42:33
  They made a major investment in that small Kingdom in the
• 42:36
  Himalayas. You have Kenya that has a
• 42:40
  excessive amount of geothermal electric capacity.
• 42:44
  Marathon just announced that they signed a deal with the
• 42:47
  government of Kenya to set up Bitcoin miners there.
• 42:50
  Of course you have Bitcoin country, the shining country on
• 42:54
  a hill. Shout out to Max and Stacy doing
• 42:56
  Satoshi's work down there. And of course, Nayeem Bukele,
• 42:59
  the most popular president in the Americas.
• 43:02
  And they are using their their geothermal electric capacity.
• 43:07
  There's a lot of volcanoes in El Salvador to mine Bitcoin as
• 43:11
  well. That's three nation states, I
• 43:13
  suspect I'm calling it. I can't say anything
• 43:16
  specifically, but you're going to see Middle Eastern countries
• 43:20
  that have a tremendous amount of excess energy keyword there make
• 43:24
  some announcements soon. My suspicions, but I'm very,
• 43:29
  very, very bullish on Bitcoin in the Middle East anyways.
• 43:32
  So here's the TFTC article for our audio listeners.
• 43:36
  It's called Bitcoin's bullish setup.
• 43:38
  The bullish winds are blowing towards the shores.
• 43:41
  Are you prepared? So first up, Bitcoin on
• 43:44
  corporate treasuries. Over the last 70 days there have
• 43:47
  been a wave of publicly traded companies from around the world
• 43:50
  who have announced that they have chosen to allocate to
• 43:53
  Bitcoin and use it as their preferred corporate treasury
• 43:57
  asset. The beauty of these announcement
• 43:59
  is the diversity of Bitcoin acquisition strategies that
• 44:02
  range from mining it using excess energy to simple dollar
• 44:06
  cost. Average strategies goes on to
• 44:09
  say in April. In late April, due to corporate
• 44:12
  financial filings that changed because of the new Fasbe
• 44:15
  accounting rules, the market became aware that Alliance
• 44:18
  Resources, a coal mining company, has been mining Bitcoin
• 44:22
  since late 2020 using keyword here the excess electricity
• 44:26
  capacity on their coal mining sites.
• 44:28
  As of the end of April, they had accumulated and hold 425
• 44:33
  Bitcoin. Here is Jack's block.
• 44:36
  They've been saying that they have been DC ING Bitcoin every
• 44:40
  month. Jack Dorsey has been a huge
• 44:42
  proponent of the Bitcoin industry.
• 44:45
  Here is Metaplanet, which I believe Dylan Leclair advises or
• 44:48
  something like that. And they announced a strategic
• 44:52
  treasury transformation and Bitcoin adoption.
• 44:56
  And of course we have similar scientific that have brought
• 45:00
  that have bought $40 million worth of Bitcoin, put it on its
• 45:03
  balance sheet and adopted Bitcoin as its primary treasury
• 45:07
  reserve asset. I just want to read how they
• 45:09
  phrased it because you have to keep in mind this isn't
• 45:12
  Bitcoiners saying this. This is a publicly traded
• 45:14
  company quote. Our Bitcoin treasury strategy
• 45:17
  and purchase of Bitcoin under score belief that Bitcoin is a
• 45:20
  reliable store of value and a compelling investment.
• 45:23
  Bitcoin is now a major asset class with more than $1 trillion
• 45:27
  of market value. We believe it has unique
• 45:30
  characteristics as a scarce and finite asset that can serve as a
• 45:34
  reasonable inflation hedge and safe haven amid global
• 45:37
  instability. We also believe it's digital
• 45:40
  architectural resilience makes it preferable to gold, which has
• 45:44
  a market cap value of approximately 10 times that of
• 45:47
  Bitcoin. Given the gap in value between
• 45:50
  gold and Bitcoin, we believe that Bitcoin has the potential
• 45:53
  to generate outsized returns as a gains increase, erasing
• 45:56
  acceptance as digital gold. That's right, you have a
• 45:59
  publicly traded company basically saying that gold is a
• 46:02
  shit coin. Countries dropping treasuries
• 46:04
  for hard assets go. It goes on to say the
• 46:07
  weaponization of the rails of the dollars and U.S.
• 46:10
  Treasuries run on and a federal debt situation that is clearly
• 46:14
  getting out of hand in the US is forcing sovereign nations to
• 46:17
  rethink their reserve asset situation.
• 46:21
  Nothing makes this clearer than the chart above, which
• 46:23
  highlights the acceleration of gold purchases and an offloading
• 46:27
  of U.S. Treasuries by the Chinese
• 46:29
  government since 2020, since 2020, with a big inflection
• 46:33
  happening in 2023. So as you can see for the audio
• 46:36
  listeners, right, the amount of U.S.
• 46:38
  Treasuries that the Chinese government is holding is is, you
• 46:42
  know, going down. The amount of the amount of gold
• 46:45
  that they're holding is going higher.
• 46:46
  But if Bitcoin is superior to gold, what do you think is going
• 46:50
  to happen? What do you think?
• 46:51
  What do you think? Eventually, central bank and
• 46:54
  governments are going to want to hold instead, dead right, All
• 46:57
  roads lead to Bitcoin at the end of the day.
• 47:00
  All right, bullish thing #4 Bitcoin ETF success.
• 47:03
  Despite the fact that we don't believe that exposure to Bitcoin
• 47:06
  via ETF products is the best way to accumulate Bitcoin.
• 47:09
  Obviously, because it's, it's, it's, it's captured Bitcoin.
• 47:14
  The Bitcoin ETFs are driving insane flows for the providers
• 47:17
  that have products on the market.
• 47:19
  So far, BlackRock has accounted for 26% of the overall flows and
• 47:24
  Fidelity has accounted for 56 of overall flows into the
• 47:28
  Fidelity's ETF products. These are my numbing numbers,
• 47:32
  and whether you agree with the Bitcoin ETF products or not, it
• 47:35
  is impossible to deny that these types of numbers are sticking
• 47:38
  out to the providers. And that's why you have a change
• 47:42
  in tune. That's why you have these types
• 47:44
  of interviews on the legacy financial media.
• 47:48
  This isn't even legacy financial media anymore.
• 47:50
  This is just legacy media. They're having these interviews
• 47:53
  because BlackRock is saying, you know what, actually, Bitcoin is
• 47:56
  a good thing anyways? Institutional adoption.
• 47:59
  Speaking of the ETFs, the world became aware of the fact that
• 48:02
  the Wisconsin pension fund allocated $162 million across a
• 48:07
  number of Bitcoin ETFs. This is a this is massive for
• 48:11
  many reasons. Obviously a state pension fund
• 48:13
  system announcing that they're allocating to Bitcoin ETFs is a
• 48:17
  massive validation that many people have been waiting for.
• 48:22
  And of course, you have Marathon announcing that they're teaming
• 48:25
  up with Kenya like I mentioned. And of course, last but not
• 48:28
  least, the having it would be remiss of me not to mention the
• 48:32
  fact that the Bitcoin network experience its fourth block
• 48:35
  subsidy having on April 20th, cutting the predetermined amount
• 48:38
  of Bitcoin issued to minors per block from 6.25 Bitcoin to 3.125
• 48:44
  Bitcoin. We're only 1 1/2 months post
• 48:47
  halving and the market is still adjusting to the supply
• 48:50
  inflation shock. With all of this demand
• 48:53
  beginning to be bubbled up, coupled with the fact that
• 48:55
  Bitcoin is becoming significantly de risks in real
• 48:58
  time by the number of announcements that have been
• 49:00
  made from corporations, pension funds in nation states alike,
• 49:04
  it's hard to believe that the supply shock won't have a
• 49:06
  similar, if not more profound effect on the price during this
• 49:11
  cycle. And that's the thing that I want
• 49:13
  to emphasize guys, back in 2021 when we were at these at the
• 49:19
  price point of 69 K, when we peaked at that, the block
• 49:24
  subsidy was still 6.25. Block subsidy is now 3.125,
• 49:29
  meaning it's more scarce, right? You didn't have nation states
• 49:33
  mining Bitcoin. You didn't have pension funds,
• 49:36
  state pension funds saying that they have exposure to Bitcoin.
• 49:40
  You didn't have these crazy amount of inflows by all these
• 49:44
  institutional ETFs. You didn't have the stamp of
• 49:48
  approval by Larry Fink. You didn't have countries
• 49:51
  dropping U.S. Treasuries seeking hard assets.
• 49:55
  I think it's just a matter of time before they see one of
• 49:57
  those hard, hard assets as Bitcoin, which is the hardest
• 50:00
  asset ever. Of course, you didn't have
• 50:02
  publicly traded companies announcing that they're adopting
• 50:05
  a Bitcoin strategy, even though we're still roughly at the same
• 50:09
  price point as the all time high in 2021.
• 50:12
  And this is what I fundamentally believe that 2020, the end of
• 50:15
  2024 and 2025 is going to be absolutely fucking bonkers.
• 50:21
  It's going to be insane. I think it's going to surprise a
• 50:25
  lot of people and I think a lot of people are going to be
• 50:28
  pleasantly surprised. And another thing that I
• 50:30
  mentioned on yesterday's episode is the fact that a lot of us
• 50:34
  have PTSDI actually tweeted about this before we went on
• 50:37
  air. And because it's something that
• 50:40
  I think a lot of people are not in in to consider.
• 50:42
  And what is it that I'm talking about exactly?
• 50:46
  It's the fact that last cycle, I believe last cycle was cut
• 50:50
  short. See enough people talking about
• 50:52
  it. Most people are talking about
• 50:55
  that. What they're talking about is
• 50:58
  the FTX stuff, the rehypothecation, which is true,
• 51:01
  don't get me wrong, that is absolutely true.
• 51:04
  But what I think played a bigger role is the China mining ban.
• 51:09
  This is something that I've shown to you guys many, many
• 51:11
  times. Here's the hash rate dropping
• 51:13
  50%. And as you can see, there's a
• 51:16
  direct correlation between the price.
• 51:19
  And what I think happened is that they cut the bull market
• 51:22
  short. I think they did this on purpose
• 51:24
  in my opinion, like the timing of this is is way too much of A
• 51:28
  coincidence. But I really believe that the
• 51:31
  reason that we didn't hit 100K last cycle is because the China
• 51:35
  Chinese mining bind robbed us of it.
• 51:38
  So and I don't see enough people talking about it now.
• 51:40
  Why am I bringing this up? I don't think that's going to
• 51:43
  happen this cycle as much as there's certain elements of the
• 51:46
  US government that want to tax Bitcoin miners and whatever
• 51:49
  clearly not politically popular. Do you know, they could have,
• 51:54
  they could only shoot that shot one time and they have run out
• 51:58
  of bullets. You can't, you can't.
• 52:00
  All those miners left China, they said, you know what, you
• 52:03
  guys don't want us to mine here. We're going to go to Kazakhstan.
• 52:05
  We're going to go to the USA. We're going to go to Paraguay.
• 52:09
  We're going to go to Kenya. We're going to go to the Kingdom
• 52:12
  of Bhutan. You know, if you don't want our
• 52:14
  business, we're going to go someplace else, right?
• 52:16
  So that's another thing to consider.
• 52:19
  And I think this is the reason that a lot of people were let
• 52:22
  down by the performance of Bitcoin last cycle was because
• 52:25
  of this. This, this was not, no one could
• 52:28
  have foreseen this. No one could have planned this,
• 52:30
  right? But I think it took the momentum
• 52:32
  out. Why?
• 52:33
  Because those miners, right, as the hash rate dropped, they had
• 52:37
  to sell Bitcoin. And miners hold some of the
• 52:40
  largest amount of Bitcoin in order to relocate to more
• 52:44
  favorable jurisdiction. So that's something to keep in
• 52:46
  mind. Anyways, all those reasons for
• 52:49
  those 567 reasons, that's why I believe that this next cycle,
• 52:54
  2025 is going to blow people away.
• 52:57
  And another thing, and I'll pass this on to you guys, and I asked
• 53:00
  you guys this question yesterday, is how do you feel
• 53:03
  right now? We're at $71,469.
• 53:06
  I feel nothing inside. I feel nothing.
• 53:09
  I am just, I feel nothing. Daniel, how do you feel right
• 53:12
  now? We're at $71,500.
• 53:14
  How do you feel? I feel nothing and I think I
• 53:18
  think it comes with time and the space because what are you
• 53:22
  pricing your Bitcoin in? Like we're going to talk about
• 53:24
  later. Like I, I price Bitcoin and
• 53:27
  things like tomato soup and things like real estate.
• 53:31
  And right now we haven't hit a whole time high yet and how
• 53:34
  many, you know, stats it cost for a can of tomato soup.
• 53:38
  So I think that once we get into the 80s, nineties, maybe we'll
• 53:42
  feel like we're really into an all time high.
• 53:44
  But right now, I mean, adjusted for inflation and the prices of
• 53:48
  things, that's probably why we don't feel it.
• 53:50
  I I I I I wouldn't feel nothing at 89.
• 53:52
  I'd be like, all right, cool, you know, like this is nice,
• 53:55
  like, but I I I wouldn't feel anything and look, I please let
• 54:00
  us know in the chat. Like there's already there's
• 54:02
  already another bitcoiner saying like, look, multi stacker 7071
• 54:07
  point 5K yawn, right, simply nothing.
• 54:11
  You know, it's like, like, you know, I don't feel anything.
• 54:14
  I I don't feel anything. And, and you know, markets are,
• 54:17
  are emotional markets are, are, are psychology.
• 54:20
  Opti, do you feel something at 71 point 5K?
• 54:23
  Nah bro, do you feel? Excited do you feel like
• 54:26
  euphoric is there any type of like like simply numb look he
• 54:30
  says it there like I I don't feel anything I don't feel
• 54:33
  anything I'm like dead inside anyways it's.
• 54:36
  Almost. It's almost like viewing it like
• 54:38
  as the family farm. Like, does the farmer go out and
• 54:41
  check the price of his land every day?
• 54:43
  How many times is he checking that?
• 54:44
  So like once you understand absolute digital scarcity, I
• 54:49
  think, I think with time and as you become a more seasoned
• 54:52
  toddler, the emotions of it get put aside.
• 54:57
  And also we got, we got sat in the chat shout out Lightning
• 55:01
  Goats. By the way, we have a special,
• 55:03
  we have a special, special announcement regarding Lightning
• 55:05
  goats and simply Bitcoin. We'll, we'll have the surprise
• 55:08
  for you guys later on this month.
• 55:09
  But Lightning Goats said something very interesting.
• 55:12
  Adjusted for inflation, we still haven't made all time highs.
• 55:16
  It's 78K if you adjust for inflation, right?
• 55:19
  So that's something to keep in mind.
• 55:20
  So yeah, I feel nothing, you know, this shit sucks ass.
• 55:26
  And yeah, let's see if it pumps. Anyways, Opti, what's your take
• 55:29
  before we got on to the culture? Yeah, I mean, first and
• 55:32
  foremost, like what you just said, you know, I know I'm
• 55:35
  bored. Everyone in the chat's probably
• 55:37
  bored. If you've been around Bitcoin
• 55:38
  for a while, yes, you know, 70K couple years ago felt like moon,
• 55:43
  but now we've been going, you know, we've been in the crab
• 55:45
  market for so long that we're just like, all right, It's
• 55:48
  literally the meme. Like, can you do something
• 55:50
  please, Bitcoin? Like we're all here to just see
• 55:53
  the Bitcoin price pumps and we're idiots for three years or
• 55:57
  whatever, and then we're geniuses for one year.
• 55:59
  But I've been saying for a while and I've been echoing the same
• 56:03
  thing that Marty Ben has been saying, but I'm so glad that he
• 56:05
  put it in one piece here because I also believe it's going to be
• 56:09
  and epic last leg of the bull run.
• 56:11
  I've been saying it in meme form for a while that this is the
• 56:14
  perfect storm setting up for great price appreciation.
• 56:18
  And I know everyone's been doing crazy, ridiculous price
• 56:21
  predictions, but we will be getting Omega candles soon.
• 56:26
  And I do want to echo something that I saw American Huddle tweet
• 56:29
  about the Wisconsin pension. Fun video.
• 56:32
  Fun video and it was that basically like pension funds are
• 56:36
  so boring and even that video is just absolutely boring like the
• 56:40
  the coast was boring, the pension fund guy was boring and
• 56:44
  that that's not like, you know, throwing shade at them, but you
• 56:48
  can see that they're now starting to feel the thrill of
• 56:51
  being in Bitcoin. They're getting attention for
• 56:54
  you. Their quote UN quote, like we
• 56:56
  would all say like safe, boring investments.
• 56:58
  And they won't be able to turn off the dopamine of feeling like
• 57:02
  a rock star when Bitcoin starts pumping.
• 57:04
  And that will catch fire. Like that will start to get into
• 57:09
  everyone's mind. They will all realize that like
• 57:12
  Bitcoin is the thing to be investing in.
• 57:14
  Like this is where all the action is, is in Bitcoin.
• 57:17
  And once that catches on, things are going to get absolutely
• 57:21
  crazy. And I mean, he was just like,
• 57:23
  yeah, we, you know, we just put like a measly investment, but it
• 57:26
  was just a hundreds of millions of dollars, like and we're just
• 57:29
  dipping our toes in this and just wait till that catches on.
• 57:32
  And it's something again, I've been saying for a while, it's
• 57:34
  this idea that the institutions move slow and they do their due
• 57:38
  diligence before they actually invest in something.
• 57:41
  They have to, they have to be beholden to the shareholders,
• 57:45
  beholden to, you know, regulations and compliance and
• 57:48
  all that stuff. And so once they actually start
• 57:51
  to dipping their toes, it might seem like a small percentage of
• 57:54
  the total funds they're holding, but it's huge amounts of
• 57:57
  capital. And then as we all know, as
• 57:59
  Bitcoiners, you don't just start or stop at 1% or 5% or whatever.
• 58:03
  You eventually want to go all in because you realize that you're
• 58:06
  leaving money on the table, you're you're leaving purchasing
• 58:09
  power on the table if you are not investing in Bitcoin.
• 58:13
  And the last thing I want to say is I really love how he was able
• 58:18
  to absolutely destroy the volatility fund, especially as a
• 58:21
  bitcoiner that's been around for a long time.
• 58:23
  And if you talk to Normie still, everyone always says the same
• 58:26
  thing like, oh, Bitcoin's too volatile.
• 58:28
  I don't want to, you know, invest in something that
• 58:30
  volatile. And anyone that knows anything
• 58:32
  about investing is a lot of assets are volatile and the
• 58:36
  volatility is good. And if you see volatility in the
• 58:39
  market, that means that there is usually a lot of upside to your
• 58:43
  investment. And it's funny that most people
• 58:47
  that invest are are very risk. Was it risk?
• 58:51
  Yeah, risk averse. So they're they're willing to
• 58:53
  take. No, no, it's the opposite.
• 58:54
  People that don't invest are risk averse, but people that do
• 58:57
  invest are very willing to take risk.
• 58:59
  Like you have to risk it for the biscuit.
• 59:01
  And now we're seeing that the people with capital are starting
• 59:04
  to realize what game is actually being played.
• 59:07
  And so with all that being said, you guys are not ready for what
• 59:11
  is coming. I, I've been saying this for a
• 59:13
  minute and Nico brought it up for a moment.
• 59:15
  You know, once you understand the Bitcoin fundamentals, you
• 59:17
  have a better world view and you can predict where things are
• 59:20
  going and we're going what's that?
• 59:23
  What's the man back to the future meme like where we're
• 59:27
  going? We don't need roads anymore.
• 59:29
  Like we are going to the moon Omega candle soon.
• 59:32
  The de risking has happened and it's going up forever.
• 59:36
  Like I am super hyped for where we're going.
• 59:38
  Anyways, let's get Daniel's take on this.
• 59:42
  Yeah, we're going where your dollars will no longer matter,
• 59:44
  right Bars risk it for the biscuit.
• 59:47
  I like that one too, Altie. I would say one thing that I
• 59:51
  would add is unit bias. So with the middle class, we
• 59:55
  struggle with unit bias when they see 7170, two, $1000 per
• 59:59
  Bitcoin, just that fundamental understanding that you can buy
• 1:00:02
  little pieces of it, It's such a huge hurdle to get past.
• 1:00:06
  But but one thing that I think most people overlook is that
• 1:00:09
  unit bias goes the other way as well.
• 1:00:11
  So as these wealthy people on Wall Street, as these pension
• 1:00:15
  funds see the price go up, unit bias is going to kick in for
• 1:00:19
  them. In reverse, so they're going to
• 1:00:21
  want it more as the price goes up.
• 1:00:23
  And, and I would close with just saying like we have never seen
• 1:00:28
  something as scarce as Bitcoin. So I, I estimate about 20% of
• 1:00:34
  coins are lost and 50% will be owned by corporations,
• 1:00:39
  governments, pension funds. So that leaves about 30% of 21
• 1:00:44
  million or about 6 to 7 million coins for the everyday average
• 1:00:50
  Joe. So you're looking at somewhere
• 1:00:53
  probably like .13 Bitcoin to have a similar lifestyle on a
• 1:01:00
  Bitcoin standard as a millionaire does today.
• 1:01:02
  So absolute scarcity is going to kick in.
• 1:01:05
  I think part of Louis gradually then that that's why it's really
• 1:01:10
  incumbent on us to decentralize ownership of Bitcoin.
• 1:01:14
  Like I don't want pension funds in Wall Street to hold all the
• 1:01:17
  Bitcoin. I think it's so important to get
• 1:01:19
  middle class families on board with self custody and and stack
• 1:01:24
  regularly and see it as a long term savings account.
• 1:01:27
  So those are my two cents. Couldn't agree more.
• 1:01:30
  Wait Nico, I do want to read one more comment because when some
• 1:01:33
  hacks is just a dropping sauce in the chat and he goes.
• 1:01:36
  Pension funds are the absolute masters of risk aversion.
• 1:01:39
  They are terrified of risk. Most people can't appreciate
• 1:01:42
  what a massive deal it is for them to buy a Bitcoin ETF.
• 1:01:45
  Yes, guys, I couldn't, couldn't have said it better myself.
• 1:01:47
  Like this is big stuff happening right now. 1,000,000% All right,
• 1:01:52
  ladies and gentlemen, we still got the culture segment.
• 1:01:54
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  Kaboom racks. All righty.
• 1:04:22
  So let's talk about Daniel. Daniel, thank you so much for
• 1:04:26
  coming on the show today. What are you working on man?
• 1:04:28
  What is this? Bitcoin is better.
• 1:04:30
  B is better. That's right, yeah, Bitcoin is
• 1:04:34
  better. So that means something
• 1:04:35
  different to everyone. So we're trying to bring
• 1:04:38
  together a a diverse group of voices to communicate why
• 1:04:45
  Bitcoin is better to middle class families.
• 1:04:49
  So we've got a working document, we've got I think close to 100
• 1:04:53
  better questions. So that's our goal is to to get
• 1:04:56
  out there, hopefully eventually with billboards, radio ads,
• 1:04:59
  commercials, and basically just have a brand neutral way middle
• 1:05:05
  class families ask better questions about money.
• 1:05:08
  Because I feel like once you ask enough questions like that, open
• 1:05:13
  loop will naturally lead people to Bitcoin as a better solution.
• 1:05:18
  So, so yeah, the nonprofit we started at this year, we've
• 1:05:22
  we've got a, a builders Guild. So it's our our version of a
• 1:05:31
  volunteer program. So the idea behind that is in
• 1:05:34
  speaking with people at Swan River Cash App, they're getting
• 1:05:39
  hundreds of applicants for every Bitcoin job.
• 1:05:42
  So everybody like there's so many people want to work on
• 1:05:47
  Bitcoin and growing adoption, but there's simply not enough
• 1:05:50
  jobs to go around. So instead of just like
• 1:05:52
  rejecting them, like what if we could plug them into the Bitcoin
• 1:05:56
  ecosystem to work together to grow adoption?
• 1:05:59
  Because in that word, network is work.
• 1:06:02
  So as Bitcoiners, I think we fall into the trap sometimes of
• 1:06:05
  getting together and just like philosophizing and talking when
• 1:06:09
  really there, there's a lot of work to be done just to help
• 1:06:12
  people ask better questions about money.
• 1:06:15
  So we have a few different open roles available.
• 1:06:18
  We've got an open application as well.
• 1:06:21
  And we currently have have a volunteer helping us out with
• 1:06:27
  with YouTube thumbnails for a Bitcoin creator.
• 1:06:31
  What's the name of the YouTube channel Daniel?
• 1:06:34
  Luke Broyles So we have have a volunteer helping Luke Broyles
• 1:06:38
  out with thumbnails and then also helping us out to do a a
• 1:06:42
  makeover the website as well. What's where?
• 1:06:44
  Where can people find the YouTube channel?
• 1:06:46
  What's the name of the YouTube channel?
• 1:06:49
  It's for Bitcoin is better or for for Luke Broyles.
• 1:06:54
  The the one that you're promoting here?
• 1:06:57
  OK, we don't, we don't have a YouTube channel for our
• 1:07:01
  nonprofit, but what we do is like we connect with Bitcoin
• 1:07:04
  creators who are strapped in for resources and time and we help
• 1:07:09
  them with volunteer hours. So we connect them with
• 1:07:11
  Bitcoiners who want to help out, whether that's video editing,
• 1:07:14
  graphic design, that type of thing.
• 1:07:17
  So our our mission is really to to connect people to grow
• 1:07:21
  Bitcoin adoption more than pumping out content ourselves as
• 1:07:25
  an organization, if that makes sense.
• 1:07:28
  Yeah, I know it it does. And thank you for clarifying
• 1:07:30
  that. And and it's, it's a phenomenon
• 1:07:32
  that's really interesting, right?
• 1:07:34
  It's a lot of people want to contribute to Bitcoin.
• 1:07:37
  They want to be part of the revolution.
• 1:07:39
  And a lot of these, you're right, a lot of these companies,
• 1:07:42
  you know, they get hundreds of applications when, you know,
• 1:07:46
  when I was leading the the, the Swan YouTube team team, I
• 1:07:49
  remember there were so many people that wanted to apply at
• 1:07:53
  simply too, man, we remember Opti, we did that one job
• 1:07:57
  posting. We got like 25 applicants right
• 1:08:00
  now, the simply the, the simply cruise pretty big.
• 1:08:04
  So yeah, so many people want to contribute to the peaceful
• 1:08:07
  Bitcoin revolution. And, you know, so many people
• 1:08:10
  want to get involved. So it's so great that you've
• 1:08:13
  come up with this resource allowing, you know, trying to
• 1:08:18
  get people together, trying to see, hey, how can I contribute
• 1:08:20
  to this? I know the money's broken.
• 1:08:23
  I know there's something going on.
• 1:08:24
  How do I get involved? And you're providing a resource,
• 1:08:27
  so what's the website so people can find it?
• 1:08:32
  The website is bitcoinisbetter.org.
• 1:08:35
  OK, Bitcoin. Love it.
• 1:08:37
  Can I can I jump in here, Nico, because I want to kind of shift
• 1:08:41
  the conversation a little bit. I really love this infographic
• 1:08:44
  you have here, Daniel, and you know your, your mission is to
• 1:08:48
  get middle class families saving in Bitcoin and the organization
• 1:08:53
  is called Bitcoin is better. And so maybe what is like a A2
• 1:08:58
  minute elevator pitch for people out there, middle class families
• 1:09:02
  that might be making excuses on why they shouldn't save in
• 1:09:05
  Bitcoin. Like how is Bitcoin better?
• 1:09:08
  In what ways is Bitcoin better? How can it improve the lives of
• 1:09:11
  the everyday person out there? And so in my book, I go through
• 1:09:18
  the different ways that the middle class has tried to save
• 1:09:20
  their money over the last 50 years.
• 1:09:23
  So we have from 1971 to 2021 is what I cover in the book.
• 1:09:27
  So 50 years of data and most of the middle class has been
• 1:09:32
  convinced that real estate is the best way to save.
• 1:09:36
  But when you look at 6.9% new dollars printed per year and you
• 1:09:42
  compare that to the median house sale in America, like you're
• 1:09:48
  actually losing. You're not keeping up with the
• 1:09:50
  rate of monetary inflation, which is not CPI, it's expansion
• 1:09:54
  of the monetary units. So Bitcoin is truly like the
• 1:09:59
  invention of the middle class savings account.
• 1:10:02
  And most people think that they're too late because they
• 1:10:06
  have the unit bias where they see 7170 two $1000 per Bitcoin
• 1:10:10
  and think it's out, out of reach when in in actuality, like we
• 1:10:15
  were just talking about the pension fund like 110th of 1%
• 1:10:20
  and it's it's like 100 and eighty $80 million to them.
• 1:10:24
  So it's if you look at like 6 to 7 million coins are up for
• 1:10:30
  grabs. We are still so early.
• 1:10:33
  So I think the more we can decentralize ownership of
• 1:10:37
  Satoshi's during this, this phase of 2020 adoption, the
• 1:10:44
  better that that's going to be for the network.
• 1:10:46
  So I, I think I mean, there is some, some pushback in the
• 1:10:51
  Bitcoin community. You know, you get, you get
• 1:10:53
  Bitcoin at the price you deserve, have fun staying poor,
• 1:10:55
  that type of approach, which I mean, there's some benefit to
• 1:10:59
  the toxic maximalism. I think that that's important,
• 1:11:02
  an important part of the ecosystem.
• 1:11:04
  But also, it's like before I discover Bitcoin, if somebody
• 1:11:07
  would have asked me the right questions, I think I would have
• 1:11:09
  adopted it much sooner. And also I wouldn't have played
• 1:11:12
  around with crypto. I would have, you know, had not
• 1:11:15
  had to pay that tuition. So if Bitcoin is better, that's
• 1:11:18
  that's our goal is to help people ask better questions and
• 1:11:20
  then almost receive a type of scholarship where they don't
• 1:11:23
  have to pay the crypto tuition to eventually end up as Bitcoin
• 1:11:27
  only. Love it, love it.
• 1:11:29
  Yeah, I've been saying for a while that I, I think the
• 1:11:31
  Bitcoin only education ecosystem is so good that you really don't
• 1:11:35
  have an excuse to go down the the shit coin pass anymore.
• 1:11:39
  There's so much good content out there.
• 1:11:40
  But again, shifting the conversation because you did
• 1:11:43
  want to talk about this on the show and it is Bitcoin priced in
• 1:11:47
  tomato and I have some some chart or tomato soup.
• 1:11:50
  So what's going on here? And I'll go down on the page so
• 1:11:54
  you can reference some of the charts if you want.
• 1:11:57
  Yeah, So the reason I chose tomato soup to price Bitcoin in
• 1:12:01
  within my book is because Campbell's tomato soup has not
• 1:12:05
  changed their ingredients and they haven't changed their
• 1:12:08
  package size. So we can look at the price of a
• 1:12:12
  can of tomato soup from like the 1890s all the way up into today.
• 1:12:17
  And as Nikko was mentioning earlier, like Jeff Booth's
• 1:12:21
  thesis, everything should be getting cheaper.
• 1:12:23
  Like we have industrial farming, we have robotics, we have global
• 1:12:25
  supply chains. So you would think that the, the
• 1:12:29
  average American worker could earn more tomato soup today than
• 1:12:33
  they could, you know, 30-40, fifty years ago.
• 1:12:37
  But that's not true unless you're saving in Bitcoin.
• 1:12:41
  The price, the, the price of tomato soup is crashing in
• 1:12:46
  Bitcoin. I mean, as you can see in this
• 1:12:47
  chart, I updated this today with the current price and sats.
• 1:12:52
  So if you hover over the the chart there, so 2149 sats and if
• 1:12:58
  you go back to 2021 on this chart for the orange line, we
• 1:13:04
  were at 1728. So we still haven't hit an all
• 1:13:07
  time high as far as our purchasing power and tomato
• 1:13:09
  soup, but we're heading in that direction, right?
• 1:13:13
  Dude, that's funny. That's amazing.
• 1:13:16
  It's so. Funny, 'cause I had, I don't
• 1:13:18
  know what it is about Bitcoiners and, and, you know, pricing it
• 1:13:21
  in food. I had Hoffa Zagury, chief
• 1:13:24
  investment officer at Swan on some Bitcoin IRL.
• 1:13:27
  Then he has a, he has a model where it's like pricing Bitcoin
• 1:13:31
  and hamburgers. Big Macs.
• 1:13:33
  Let's be specific here in Big. Macs, Big Macs, like what is it
• 1:13:36
  about bitcoiners and price? The the price models with food
• 1:13:39
  it's like. Well, it's what everyone says,
• 1:13:40
  Nika. You know you can't eat your
• 1:13:42
  Bitcoin, so we got to figure out how to price our Bitcoin, one of
• 1:13:45
  the things we can eat. It's so funny.
• 1:13:47
  It's only two data points, but like, I'm starting to notice a
• 1:13:49
  trend. Oh man, yeah.
• 1:13:52
  Yeah, so Bitcoin is better tomato soup.
• 1:13:56
  Amazing. Do you like tomato soup, pot or
• 1:13:58
  cold? I've never tried it cold.
• 1:14:02
  I think there's like an it's, it's like an Italian dish,
• 1:14:05
  carpaccio or something. Maybe.
• 1:14:07
  I don't know. I don't know.
• 1:14:08
  Anyways, Opti. I'd try it.
• 1:14:10
  I'd try it once. It's, it's really good.
• 1:14:12
  I, I like it. I couldn't eat it.
• 1:14:14
  Yeah, I couldn't eat it every day.
• 1:14:15
  But I I I personally like the taste.
• 1:14:18
  I would like it warm if if that's what you're asking me,
• 1:14:21
  Nico, it's warm. I don't.
• 1:14:22
  I don't. I don't think I even really like
• 1:14:23
  tomato soup. It needs other things in the
• 1:14:25
  tomato soup for me personally. OK, alright.
• 1:14:27
  Anyways, let's not talk about my food preferences here, Daniel,
• 1:14:32
  for the audience, what is the last message you want to leave
• 1:14:35
  with the audience? It could be a call of action.
• 1:14:37
  It could be about Bitcoin in general.
• 1:14:38
  It could be about life. What's the last message you want
• 1:14:41
  to leave with the audience? I think a lasting.
• 1:14:45
  Legacy is how much you help people with what you do in your
• 1:14:50
  life. So most of the people aren't
• 1:14:54
  watching right now have discovered Bitcoin and have
• 1:14:58
  benefited from Bitcoin. So what can you do with that
• 1:15:01
  information to help someone else?
• 1:15:04
  So I would just say don't don't get too cynical because that's
• 1:15:09
  easy to do in Fiat world. I would say, you know, plug in,
• 1:15:13
  whether it's your local meet up, whether it's reaching out and
• 1:15:16
  you know, becoming a part of our builder program here at at
• 1:15:20
  Bitcoin is better, but just do something.
• 1:15:24
  Don't just sit back and and take in information because they're
• 1:15:28
  like, if you look at the Dead Sea, you know, the Dead Sea, it
• 1:15:32
  just takes in, but it doesn't give out and no life can live
• 1:15:36
  there. So that would be my, my parting
• 1:15:39
  message is do something with with the knowledge that you've
• 1:15:42
  acquired about Bitcoin and, yeah, make the world better.
• 1:15:47
  Yeah. Love it, couldn't agree more.
• 1:15:49
  Love that man, dude. So first of all, thank you for
• 1:15:53
  coming on the show. What you're doing is incredibly
• 1:15:56
  important. Bitcoin is the money of the
• 1:16:00
  middle class. It is the people's money is not
• 1:16:02
  the money of the elites. It is the money of the middle
• 1:16:05
  class because the middle and lower classes are the most
• 1:16:09
  affected by the ravages of inflation.
• 1:16:11
  And it is our job as as individuals, as Bitcoiners to
• 1:16:15
  really get that message out there.
• 1:16:17
  It's not red versus blue. It's not left versus right.
• 1:16:20
  It's not conservative versus liberal.
• 1:16:22
  It's really the party of Bitcoin, peace, prosperity,
• 1:16:25
  opportunity, hope versus the party of Fiat, the party of
• 1:16:28
  green, nihilism, slavery, war, all those bad things.
• 1:16:32
  So anyways, really, really glad and and happy that Daniel you're
• 1:16:36
  on our side and you're fighting the good fight.
• 1:16:39
  Anyways, guys, this was simply Bitcoin Live for June 5th, 2024.
• 1:16:42
  I'm your host, Nico Moran. This is our guest for today,
• 1:16:46
  Daniel and my legendary Co host Optimus Fields.
• 1:16:49
  We love you all. We'll be back tomorrow for a
• 1:16:51
  brand new episode of simply Bitcoin live and tonight we will
• 1:16:55
  have a a simply Bitcoin IRL with Giovanni.
• 1:16:58
  Giovanni is the creator of the Bitcoin power law.
• 1:17:01
  It's a model that is able to predict the price of Bitcoin
• 1:17:04
  into the future. Apparently.
• 1:17:06
  I have lots of questions for him tonight and I've seen it.
• 1:17:09
  I've seen that topic become very popular on Bitcoin Twitter and
• 1:17:13
  on YouTube. So really looking forward to
• 1:17:14
  that episode. If you guys want to tune in,
• 1:17:16
  it's tonight at 5:00 PM. Until then, love you.
• 1:17:19
  Love you guys. Have an amazing day.
• 1:17:21
  We'll be back tomorrow for a brand new episode of Simply
• 1:17:24
  Bitcoin Live. Peace out, everybody.
• 1:17:27
  Thanks guys. Episode was brought to you by
• 1:17:31
  bitcoinwell.com on a mission to enable independence.