Latest / Simply Bitcoin / Morgan Stanley Just CONFIRMED the Bitcoin supply shock is accelerating!!! | EP 1480

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Morgan Stanley Just CONFIRMED the Bitcoin supply shock is accelerating!!! | EP 1480 · Simply Bitcoin

• 0:02
  Morgan Stanleys Bitcoin Trust launched this week, actually
• 0:06
  three days ago, and they've already attracted $50 million of
• 0:10
  inflows. But that they're not solely
• 0:14
  responsible for the supply shock and still up for debate whether
• 0:17
  the supply shock is currently happening, but the price is
• 0:20
  doing well. What we are watching though is
• 0:23
  Stretch alone accumulate over 10,000 Bitcoin this week,
• 0:28
  helping strategy continue their absolute assault on the Bitcoin
• 0:33
  supply. It really feels in this moment
• 0:36
  that Stretch is going to get all of the Bitcoin available right
• 0:39
  now. And of course, it's all
• 0:40
  happening as Bitcoin is grinding higher up towards $73,000 and
• 0:46
  continues to be the best performing asset since the start
• 0:50
  of the Iran war. Now, we don't know what's going
• 0:54
  on with the war. Again, there's still a little
• 0:56
  bit of the fog of war going on right now, a lot of
• 0:59
  misdirection, misinformation of what exactly is happening
• 1:03
  currently. But that's not what we're going
• 1:05
  to talk about today. We are talking about what looks
• 1:08
  like a supply shock. You guys know the mother of all
• 1:13
  supply shocks. Is it finally happening?
• 1:15
  Is it finally happening a year late?
• 1:18
  I don't know, guys. It it really does feel like this
• 1:22
  might be the moment. OK, let's start with this clip
• 1:26
  of Morgan Stanley talking about the launch of their new ETF and
• 1:32
  what this actually means. Terms of where the market is,
• 1:35
  but I have to tell you in terms of the pickup, we saw yesterday,
• 1:38
  the first day of trading, our best first day of trading for
• 1:41
  any of our ETFs since we've started the ETF product line a
• 1:45
  couple years ago. So I think that speaks to the
• 1:47
  demand that's still out there for the Bitcoin ETF.
• 1:50
  Almost 1.7 million shares traded yesterday.
• 1:53
  And at 12:00 today, we are already having another good day
• 1:55
  today. As you said, there's a, it's a
• 1:57
  nice, it's a nice week in the market, a nice day in the market
• 2:00
  for some pickup in Bitcoin in the markets to help us out
• 2:03
  there. But.
• 2:04
  And there's a nice look, you can say this is just Morgan Stanley
• 2:08
  talking their bag, which obviously it partially is, but
• 2:13
  you heard it there. This is their best ETF launch in
• 2:16
  all of Morgan Stanley's ETF products, which is what we also
• 2:20
  heard for the I bit BlackRock launch.
• 2:25
  It's truly incredible what we're seeing.
• 2:28
  And and again, I've I've been very vocal about the fact that
• 2:31
  I'm not the biggest ETF fan per SE, but I understand that there
• 2:35
  is an interest in Bitcoin through these ETF products and
• 2:38
  there are some cons with them, which I've elaborated on the
• 2:40
  show multiple times. But I think the main take away
• 2:43
  from that clip in and of itself, it really feels like only
• 2:48
  Bitcoin could be the vehicle for this to happen.
• 2:52
  They launched other ETFs. They're kind of whatever subpar.
• 2:56
  They launch a Bitcoin ETF, the first day they get $30.6 million
• 3:00
  of inflow. Yesterday they got roughly 20
• 3:03
  million. It's actually around 17,000,000,
• 3:06
  the third day trading of the ETF.
• 3:08
  We don't have the official numbers yet.
• 3:10
  Well, maybe cover them on Monday when we actually get the
• 3:12
  numbers, but a pretty strong entrance to the Bitcoin ETF game
• 3:19
  or into the Bitcoin ecosystem. What we are seeing without a
• 3:24
  doubt, and I think that clip kind of confirms is we are in
• 3:27
  the midst of Bitcoin being financialized.
• 3:30
  Now, I know some people don't really like that word.
• 3:34
  Financialization is really a dirty word, not just in Bitcoin
• 3:37
  but in general. But what we are seeing is there
• 3:42
  is a huge interest in Bitcoin products, Wall Street,
• 3:46
  institutional investors, institutions themselves, however
• 3:50
  you want to label this, they have understood now they need
• 3:55
  Bitcoin. And is this not the thesis that
• 3:57
  we've always talked about in Bitcoin, that, hey, the whole
• 4:00
  world is going to get on Bitcoin, Even your worst enemy
• 4:03
  is going to get on Bitcoin. And that's just how it's going
• 4:05
  to happen. Everyone will eventually get on
• 4:08
  Bitcoin and that's just period. That's the end of it.
• 4:11
  That's the end of the story. And we're starting to see this
• 4:14
  happen again. I'm going to double down on what
• 4:18
  I've been saying. My prediction, I think 2026 is,
• 4:20
  is the year that we thought 2025 was going to be, maybe not in
• 4:24
  terms of crazy price actions though, guys, my trend line's
• 4:28
  still holding up. It's actually doing very, very
• 4:30
  well right now. My, my astrology is holding up
• 4:33
  here. But what I mean by that is that
• 4:36
  2026 is going to be, I think by the end of the year, it's going
• 4:39
  to be the definitive point in time where we do finally see
• 4:46
  significant institutional capital coming to Bitcoin.
• 4:51
  Whether we love or hate that, whether we don't think that this
• 4:53
  is how Bitcoin should have won, this is how it is winning.
• 4:58
  You know me, part of what I consider myself is to be a
• 5:02
  pragmatist, A realist, where I have a bunch of, you know, I
• 5:06
  have a bunch of ideologies, I have a bunch of theories of how
• 5:10
  things should work, and I talk about them constantly.
• 5:14
  But what I usually do is, hey, I have my theories and then I look
• 5:18
  at what the data's telling me and I usually let the data lead
• 5:22
  where my opinion goes. And from where we stand
• 5:25
  currently, the institutions want Bitcoin.
• 5:28
  They're all launching Bitcoin products.
• 5:30
  Maybe I'm not the happiest about it, but that's what's happening
• 5:34
  in the current moment. That is what is and I think
• 5:38
  that's the most important thing to really recognize more four
• 5:41
  years. I I will talk about that Familia
• 5:43
  Diaz. Anyways, I'm over here.
• 5:46
  Let's start here so you guys can see that I'm not just making
• 5:49
  things up. We're on bitcointreasuries.net
• 5:52
  and you can see I'm on the ETF and exchange tab here.
• 5:56
  And yes, off RIP. You know, Morgan Stanley ETF
• 6:02
  isn't, isn't up here. It's not even that high on the
• 6:04
  list to be completely honest. It's all the way down here at
• 6:08
  42. But for just being launched for
• 6:12
  the first 2-3 days of trading, you can see they have acquired
• 6:15
  651 Bitcoin, roughly 40 or yeah, roughly $47 million.
• 6:22
  That was just on two days alone. So first day about 30.6 million,
• 6:27
  second day roughly $17 million. We'll see what happens on day
• 6:31
  three though. There is a lot of speculation
• 6:34
  and I wasn't the only one to say this.
• 6:37
  I saw a couple of tweets about it, but it actually I think it
• 6:41
  was Matt Hogan who was saying it.
• 6:44
  Anyways, the idea is that we are seeing, and I think Eric
• 6:48
  Balkunis also kind of reiterated the same idea that what we are
• 6:51
  seeing potentially at least part of the volume going into the
• 6:54
  Morgan Stanley ETF is a rotation out of the other ETF because of
• 6:59
  the fees being so low. So Wall Street institutions,
• 7:04
  products competing for capital and Bitcoin, they're all
• 7:08
  undercutting each other. Excuse me, Morgan Stanley seems
• 7:12
  to have figured it out with that low fee.
• 7:14
  Anyways, I saw this tweet. This is pretty interesting and
• 7:18
  this is going to set the tone for everything else that I'm
• 7:20
  going to talk about. Shouts out to Jane Van Stratton,
• 7:22
  I really love his his Twitter account.
• 7:24
  He's doing really good work. I think we won't hold it against
• 7:27
  him that he works at Coindesk, but you know, his tweets are
• 7:32
  good. He goes.
• 7:33
  I bet buyers got in at 40K and saw a 200% return in less than
• 7:37
  two years. Morgan Stanley buyers are
• 7:39
  getting in AT70K and a 200% return in two years is $210,000
• 7:45
  totally probable. Now again, the idea isn't per SE
• 7:49
  that Morgan Stanley ETF buyers or BlackRock buyers are the sole
• 7:55
  reason for Bitcoin to go 200 plus percent.
• 7:59
  But as you can see, the incentive structure is built
• 8:02
  out. If you are a new entrant into
• 8:06
  the ETF game, if you maybe only trust Morgan Stanley with the
• 8:09
  ETF and you're looking at historical precedent, you're
• 8:13
  looking at what other products have done.
• 8:16
  A 200% return in two years is absolutely insane.
• 8:19
  So I can only bet that this is going to only attract more
• 8:23
  capital. They're two years late to
• 8:28
  launching a Bitcoin ETF. You'd expect that they want some
• 8:34
  really good gains. And only I think really Bitcoin
• 8:38
  is the only thing that could actually follow through with
• 8:43
  with their wants. And again, as we noticed, as we
• 8:46
  highlighted, the fact that Morgan Stanley Launcher Bitcoin
• 8:50
  ETF now at potentially the bottom of this bear market,
• 8:53
  again, huge potential. I think that is a lot of signal
• 8:57
  and maybe a direction of what institutions think you, you,
• 9:02
  they wouldn't be launching an ETF product currently at this
• 9:06
  very moment with all of the quantum FUD, which now seems to
• 9:09
  have been dying down because it looks like some Bitcoin
• 9:12
  developers figured out how to make Bitcoin quantum resistance,
• 9:14
  at least in theory, you think they wouldn't even want to
• 9:18
  launch a product. But no, they do, because they
• 9:21
  also believe, like we believe that Bitcoin's going to go up,
• 9:25
  that this is going to be the best performing asset, that this
• 9:27
  is going to give you the best returns, that their clients are
• 9:29
  craving this type of product. If that doesn't tell you where
• 9:34
  we are, I really don't know. But anyways, we got this
• 9:38
  interesting tweet here from Fongley.
• 9:40
  Of course, he's the CEO of Strategy and here's his take in
• 9:46
  regards to this clip. He goes, well done Amy at Morgan
• 9:48
  Stanley. I'm enjoying watching the Morgan
• 9:51
  Stanley Bitcoin trust and stretch drive Bitcoin demand
• 9:55
  together. Remember what Sailor said at the
• 9:58
  beginning of the week? He basically said, hey, sorry
• 10:03
  guys, four year cycles over, the plebs are no longer in control,
• 10:08
  or rather retail is no longer in control.
• 10:11
  What is going to drive the Bitcoin price is this
• 10:14
  institutional capital and here we are.
• 10:19
  And this does seem to be the case currently happening.
• 10:21
  Now again, just looking at the Morgan Stanley Bitcoin Trust or
• 10:27
  the Morgan Stanley Bitcoin ETF, just looking at their inflows
• 10:31
  won't account for the amount of capital going into Bitcoin at
• 10:35
  one amount for the price going up to roughly 73 K, it's
• 10:38
  probably like 72 eight right now.
• 10:40
  I I haven't actually checked currently before I went live.
• 10:44
  So what is really driving this? And to be honest, I've been
• 10:48
  saying this all week. My mind's been blown all week by
• 10:51
  seeing what is going on with Stretch and Fong Lee.
• 10:55
  I think it's hitting the nail on the head.
• 10:57
  It is the institutional capital right now that is really driving
• 11:01
  the price of Bitcoin. I've been saying this for a
• 11:04
  couple of weeks now actually, maybe even months.
• 11:06
  Actually, I think it was towards the end of the year where I was
• 11:08
  sitting here on the show like guys, maybe, maybe retail is not
• 11:15
  driving the price anymore. Maybe we are just sitting back
• 11:19
  putting on our seatbelts and just letting institutional
• 11:23
  capital whip saws for better or worse, the institutional money I
• 11:29
  like using capital flowing into Bitcoin is really the driver of
• 11:33
  price. Now I know people will.
• 11:36
  I'm I'm sorry. I'm I'm hearing JJ hold on.
• 11:38
  J JS coming into my speaker from Rumble and he's telling me this
• 11:42
  is just proving that Bitcoin has been captured by Wall Street.
• 11:45
  Opti. What are you talking about?
• 11:47
  I don't think so. It just means that, yeah, we're
• 11:51
  seeing more capital come from Wall Street than all of our buys
• 11:55
  combined. Does that mean they control
• 11:58
  Bitcoin? Does that mean they captured
• 11:59
  Bitcoin? No.
• 12:00
  But there is concerns of huge centralized holdings of Bitcoin.
• 12:06
  But does that fundamentally mean that they control the Bitcoin
• 12:09
  network? Not at all.
• 12:12
  The two do not mean the same thing, but what we are seeing is
• 12:17
  that they want to corner the market.
• 12:19
  They want as much of this thing as possible.
• 12:22
  And in reality, the only way that you can actually fight
• 12:25
  against this, it's very simple. You need to buy more Bitcoin.
• 12:29
  That's the only thing we can do. If you're buying the Bitcoin and
• 12:32
  taking that Bitcoin into self custody, then there's less
• 12:36
  Bitcoin for them to control. So the point always remains the
• 12:40
  same. You need to keep buying Bitcoin.
• 12:41
  If you don't like this happening, then there's only one
• 12:45
  way to fight against it, and that's buying more Bitcoin.
• 12:47
  OK, anyways, I've been rambling. I've.
• 12:51
  Yeah, yeah, exactly. Interbellum gets it.
• 12:54
  Interbellum totally gets in the chat on YouTube.
• 12:57
  Anyways, let's jump over and talk about Stretch right now.
• 13:03
  And I really feel like, I really feel as if I'm a broken record
• 13:08
  this week because what we've been seeing from stretch in the
• 13:12
  not just this week, but the last two weeks, last last couple of
• 13:15
  weeks is truly mind blow. It's, it's absolutely insane.
• 13:19
  It's, it's incredible what we're watching happen right now with
• 13:22
  stretch. And, and I have seen some funny
• 13:24
  tweets of people kind of, I don't know, throwing some shade
• 13:29
  at Stretch and Sailor recently, which hey, I, I love a good I, I
• 13:34
  love some good satire. And it's been good.
• 13:38
  It's been hitting, you know, Matt O'dell did one, Magoo did 1
• 13:42
  today. It's good stuff, guys.
• 13:45
  It's good stuff. Anyway, anyway, over here on
• 13:47
  bitcointreasuries.net, this was posted 10 hours ago.
• 13:51
  I do have the updated number, which makes this story even
• 13:54
  crazier. Headline strategy.
• 13:56
  STRC buys an estimated 8000 Bitcoin in just this week, in
• 14:02
  this week alone. And remember last week on a
• 14:04
  short week, they bought about 3000 Bitcoin.
• 14:07
  I think since the start of the year, they've bought in like
• 14:10
  100,000 Bitcoin, not just in the stretch product, but just from
• 14:14
  strategy itself. We have one player in the space
• 14:19
  that is basically buying all of the Bitcoin.
• 14:23
  I keep telling you the numbers. Actually, I, I, I have the
• 14:26
  Twitter account if you guys want to follow along on this.
• 14:29
  Let me pull it up real quick and, and you'll just start to
• 14:32
  see what the, the, the tweets I've been seeing in the morning
• 14:36
  that are just absolutely insane. These are the tweets that I,
• 14:41
  I've been seeing straight off in the morning.
• 14:44
  Look at this stretch. Just absorbed 102% of today's
• 14:48
  Bitcoin mining supply. Fifth straight day of full
• 14:52
  absorption literally in an hour stretch from micro strategy is
• 15:00
  buying up more Bitcoin than all of the Bitcoin that is being
• 15:04
  mined a day. They've been doing this for a
• 15:07
  week straight. How much longer can capital flow
• 15:12
  into stretch? Well, literally infinite.
• 15:14
  Well, I wouldn't say infinite, but trillions, if not 10s of
• 15:19
  trillions. This is what we're seeing happen
• 15:22
  right now. This is why I, I've been really
• 15:25
  upset that I didn't remember this Twitter account.
• 15:28
  Because if you wake up every morning by 10:00 in the last
• 15:33
  week or so, you see these tweets and you're like Sailor or
• 15:36
  Stretch or, you know, the, the capital that's being attracted
• 15:41
  to Stretch is buying up all of the Bitcoin a day.
• 15:45
  Now, of course, most people are like, then why is the price
• 15:48
  going down? Well, you got to remember it's
• 15:52
  not just the daily mind Bitcoin supply that hits the market.
• 15:55
  There are sellers out there and we haven't had any updates to
• 16:00
  really pinpoint and say, oh, this is the people that are
• 16:02
  selling. But we are all asking ourselves
• 16:05
  one question, who is selling Bitcoin right now?
• 16:08
  Who in their right mind is selling Bitcoin?
• 16:10
  And that's probably where the signal is, probably not in the
• 16:13
  right mind. They're probably in a stress
• 16:16
  position right now and they have to get out of it.
• 16:19
  Bitcoin is the most liquid asset in the world.
• 16:21
  You can sell it 24/7, 365. If it's the most sellable good.
• 16:27
  When you need capital, you probably sell your Bitcoin.
• 16:30
  So I'm not going to be surprised if we're seeing more of the
• 16:34
  smaller Bitcoin treasury companies or OG Bitcoin, huge
• 16:38
  Bitcoin holders selling their Bitcoin currently.
• 16:41
  Maybe they're in a stressful financial position.
• 16:44
  But anyways, let's get back to this article here and you can
• 16:48
  see strategies preferred stock vehicles are back at it again,
• 16:51
  aggressively driving Bitcoin purchases after another strong
• 16:54
  week of capital raising. And just like clockwork, the
• 16:56
  buying momentum has picked up at pace as a picked up its pace as
• 17:00
  investors pile in to capture the latest dividends through these
• 17:03
  innovative digital credit instruments.
• 17:06
  Again, this was last night estimated 8000 Bitcoin and they
• 17:12
  had one more trading day. Well, let's see the updated
• 17:16
  numbers on what they currently bought today.
• 17:20
  So there's a few different trackers.
• 17:24
  We got STRC dot live. This is just a good visual.
• 17:28
  This one is saying that so far today they stretch has acquired
• 17:34
  1674.3. It's going up faster, 100 and
• 17:39
  1674 point. I can't even follow it.
• 17:42
  We're going to go with 100 and six 1675 Bitcoin today literally
• 17:47
  as there, there we go. It literally just passed as I
• 17:49
  was speaking. But if you go over to
• 17:52
  bitcointreasuries.net and I don't know how they're tracking
• 17:55
  this. I don't know what the
• 17:56
  differential is here, but they are saying an estimated Bitcoin
• 18:01
  acquisition of 2746.3 Bitcoin today so far.
• 18:08
  So depending on the numbers, depending on which tracker we're
• 18:12
  we're following because we won't really know the actual data
• 18:15
  until about Monday. Sailor this week has acquired
• 18:20
  more than 10,000 Bitcoin just from Stretch, just from this
• 18:24
  STRC product, and that doesn't account for the Bitcoin that
• 18:30
  they're talking about buying and acquiring through just the
• 18:33
  common stock MSTR doesn't account for.
• 18:36
  I'm guessing Sailors probably still buying it doesn't account
• 18:38
  for anyone else. Just one product alone has
• 18:42
  bought 10,000 Bitcoin. It it really, it really is
• 18:49
  absolutely insane. Here we go Bitcoin treasury says
• 18:52
  10,000 Bitcoin alone this week. More than 94% of all Bitcoin
• 18:58
  treasury companies hold less than 10,000 Bitcoin and he just
• 19:02
  bought that amount in one week alone.
• 19:05
  Just this week he's buying more Bitcoin than 95% of all of the
• 19:10
  Bitcoin treasury companies out here.
• 19:12
  It really is looking like it's going to be a winner take off
• 19:15
  scenario here and MicroStrategy is the undisputed champ here,
• 19:20
  full stop. Undisputed champ.
• 19:23
  I think he's going to get to 1,000,000 Bitcoin sooner rather
• 19:26
  than later. Now here's an interesting chart.
• 19:31
  We have Mark Harvey and he goes that stretch thing might be
• 19:34
  catching on. We're going to be monitoring the
• 19:36
  in the the situation, the stretch 30 day average daily
• 19:40
  trading volume, it's looking like it's going parabolic, boys
• 19:45
  and girls, it's looking like it's going parabolic.
• 19:49
  So that's just covering in the last few days the amount of
• 19:54
  institutional interest into Bitcoin or Bitcoin related
• 19:57
  products. That's just one half of this
• 19:59
  equation. The amount of buying going on,
• 20:03
  obviously there's a variable here that we are unaware of, is
• 20:07
  how much selling is actually going on.
• 20:09
  We won't really know that unless it's a big name or it's, it's a
• 20:13
  big corporation or a public company and they have to, you
• 20:18
  know, release that information. We we won't know for a little
• 20:21
  bit, but in the last couple of days, since the price is a
• 20:25
  little bubbly, it is, it is a little frothy out there.
• 20:28
  You know, we got the 73 Ki know everyone's thinking that we're
• 20:31
  going to go lower. We're going to be in a bear
• 20:34
  market until October. I don't know about you guys, but
• 20:39
  I'm feeling a little bullish here.
• 20:41
  And if this continues, literally I, I said it a couple of times
• 20:45
  on the show, it really feels like Michael Saylor is single
• 20:49
  handedly saving us from a prolonged bear market.
• 20:54
  And then you add the institutional interest from
• 20:56
  Morgan Stanley, Black Rock, any of the other ETF sovereign
• 21:00
  wealth funds that we don't know that are acquiring Bitcoin,
• 21:03
  potentially the Clarity Act passing, which hey, actually I
• 21:07
  wasn't going to bring this up. And before I give you the third
• 21:11
  variable in this equation, guys, Senator Lum has said exactly
• 21:17
  what I've been saying this morning about the Clarity Act.
• 21:19
  So let me let me pull that up real quick.
• 21:21
  I saw Bitcoin Magazine tweet this.
• 21:23
  So if the Clarity Act does pass, that's another positive, you
• 21:29
  know, in our coattails, if that's the expression, I dude,
• 21:32
  I'm so bad at expression. Anyways, this is what Senator
• 21:37
  Lummis said this morning, which is echoing what I've been saying
• 21:41
  on the show in regards to the Clarity Act.
• 21:45
  This is Senator Lummis this morning via Bitcoin Magazine.
• 21:51
  And she goes, we need to pass the Clarity Act now, quote, this
• 21:56
  is our last chance to pass the Clarity Act until at least
• 21:59
  20-30. We can't afford to surrender
• 22:02
  America's financial future. Does that not sound exactly what
• 22:06
  I've been telling you guys? If this doesn't pass by April,
• 22:11
  I'm going to guess that it's not going to pass by June or July.
• 22:16
  And that's when they start taking recesses, you know, in
• 22:21
  Congress. That's when they start doing
• 22:23
  their July 4th break. August is a whole month of being
• 22:27
  off. By the time they come back, the
• 22:30
  midterms are going to be in full swing.
• 22:33
  Clarity Act's probably going to get put on the back burner.
• 22:36
  So the top the the clock is ticking.
• 22:39
  But the general sentiment is that when the Clarity Act, or
• 22:42
  rather if the Clarity Act passes, then even more capital
• 22:46
  is going to come on the table. And if it happens sooner rather
• 22:49
  than later, or rather if it happens at all, then I think
• 22:53
  it's very safe to say that would probably won't be in a bear
• 22:56
  market till October. But don't tell Nico.
• 22:58
  Don't tell Nico 'cause that's that's his favorite sentiment
• 23:01
  right now. All right.
• 23:02
  Now, what is the third variable? The third factor that I think is
• 23:07
  happening that is accounting for the fabled supply shock that
• 23:11
  we've all been waiting for or hoping for might be a better,
• 23:15
  better way of putting it. Well, I don't know if you guys
• 23:18
  have been watching, but have you been watching what's going on in
• 23:21
  the Bitcoin on exchanges? Now there is a bit of contention
• 23:25
  here on how these trackers follow Bitcoin on exchanges.
• 23:31
  I don't really know what their back end looks like, but the
• 23:34
  general debate here and you guys know our boy Luke, Luke Mikic,
• 23:39
  he is a hardcore supply shock. Bitcoin on exchanges is telling
• 23:43
  us all the story. Then we have the other
• 23:46
  Australian on the other side, Check Matey and Sunny.
• 23:50
  And there's one other one that I'm blanking right now where
• 23:53
  they're constantly saying the amount of Bitcoin hardly ever
• 23:56
  changes. It goes from three to about 2
• 23:59
  million Bitcoin on average, though.
• 24:02
  The distinction here is that the Check Matey Sunnyside, excuse
• 24:08
  me, they usually track all of the Bitcoin that is held in
• 24:12
  Coinbase premium or Coinbase Prime as still being on the
• 24:18
  exchanges. So which from what we know from
• 24:22
  GameStop in the Coinbase release could potentially be the case.
• 24:27
  But the idea is that all of the Bitcoin custody in Coinbase is
• 24:30
  still considered quote on the exchanges.
• 24:32
  And so these numbers really don't mean anything.
• 24:36
  The Luke side and I, I'm kind of with Luke on this one, we
• 24:40
  shouldn't be counting that Bitcoin that is held in Coinbase
• 24:43
  Premium or Coinbase Prime as quote Bitcoin on exchanges.
• 24:47
  So that's the main contention. Now I don't really know what
• 24:51
  like coin glass or crypto quant is doing on the back end and
• 24:55
  what they're actually factoring, but the trend remains the same.
• 24:59
  The trend is what I want to hit on here.
• 25:02
  And as you can see, the trend here on coin glass of Bitcoin on
• 25:06
  exchanges is steadily declining. Now obviously that doesn't
• 25:11
  necessarily mean that it's going to go that much lower because I
• 25:14
  this is my point of contention with the Bitcoin on exchange
• 25:17
  idea or theory is at any Bitcoin price, more Bitcoin can hit the
• 25:22
  exchanges and these numbers are moot.
• 25:25
  But we are seeing a trend here where a lot of Bitcoin is being
• 25:29
  drained from exchanges. So does that mean sailors buying
• 25:33
  all of them, it's going to his custody and they're not
• 25:36
  rehypothecating that Bitcoin. Does that mean more people are
• 25:39
  waking up to taking Bitcoin into self custody?
• 25:42
  Hopefully that that is the case. Are we seeing, you know, a lot
• 25:48
  less selling on the exchanges? Are the whales, the OG's, the
• 25:53
  the tourist finally exhausted? They finally have no more
• 25:57
  Bitcoin to sell. If these are the case, and
• 26:01
  there's no more Bitcoin to sell and bitcoins going to start
• 26:04
  leaving the exchange, what's the only way that people are going
• 26:07
  to be incentivized to sell their Bitcoin?
• 26:10
  The price of Bitcoin has to go up.
• 26:12
  So this is coin glass and actually let me let me look at
• 26:17
  their numbers 'cause I think there is a little bit of a
• 26:19
  discrepancy between coin glass and crypto quant, which I'm
• 26:23
  going to show you. So the total balance as of
• 26:26
  yesterday is 2.45 million Bitcoin on the exchanges.
• 26:31
  And here's crypto quants, which is the same trend.
• 26:37
  It's draining and the numbers they have here are roughly 2.7
• 26:43
  million on Bitcoin exchanges. So you can see there's a
• 26:45
  discrepancy between a lot of these exchange trackers, Bitcoin
• 26:50
  balance trackers, and I don't know what the difference is.
• 26:54
  I, I don't have insights into what they're doing or what their
• 26:56
  back end is or what their AP is are, but the general trend I
• 27:01
  think is your friend. The trend is your friend.
• 27:05
  There is a lot of Bitcoin that is being drained from the
• 27:08
  exchanges now. We don't know the mechanism.
• 27:10
  We don't know what is the cause of this.
• 27:14
  But what we do know is what I keep telling you, we do know
• 27:20
  stretch strategy, Morgan Stanley, Black Rock, the ETFs at
• 27:24
  large, they are attracting a lot of capital.
• 27:28
  There could be a lot of capital waiting on the sidelines for
• 27:31
  this Clarity Act to pass. And what we do know is there is
• 27:34
  a lot of capital, you know, a lot of dollars sitting on the
• 27:36
  sidelines trying to figure out what's going on with the Middle
• 27:40
  East right now. Trying to figure out if there's
• 27:41
  still a war, is there a ceasefire?
• 27:43
  Where can I deploy my capital? Am I going to need cash because
• 27:47
  oil is going to get so crazy that I'm going to live in a Mad
• 27:50
  Max world where, you know, I need dollars to survive.
• 27:55
  And then it looks like Bitcoin is leaving exchanges.
• 28:00
  Are we seeing and, and at the same time, Bitcoin is going up
• 28:04
  to 73 K. It's getting frothy out here.
• 28:09
  I don't know, I'll be honest. I'm looking at the information
• 28:13
  and you know me, I'm I'm an optimist.
• 28:15
  I'm a I'm as bullish as they come.
• 28:18
  I always look at what we're seeing in the data with, you
• 28:22
  know, rosy colored lens with orange colored lens.
• 28:26
  I'm always looking for information to tell me, hey,
• 28:28
  this is bullish. There's other people that look
• 28:30
  for the negatives. I just don't work that way.
• 28:34
  But the price action I'm seeing the amount of Bitcoin that's
• 28:37
  being drained or rather vacuumed up by stretch alone and then the
• 28:45
  continuation of new vehicles for institutions that buy Bitcoin.
• 28:49
  You can you could argue maybe they're not actually buying
• 28:51
  Bitcoin and paper Bitcoin summers just bigger than ever
• 28:55
  and seemingly Bitcoin being drained from exchanges.
• 29:00
  I don't know guys, are we seeing the mother of all supply shock?
• 29:08
  Yeah, no, down under. That's that's basically my big
• 29:11
  contention. So down under goes that doesn't
• 29:13
  necessarily mean the coins are available for sale.
• 29:15
  They are just on the exchanges. I totally agree with you on that
• 29:19
  one, though. Again, remember the GameStop
• 29:22
  filing that said they gave Coinbase some permission to
• 29:26
  rehypothecate that Bitcoin? So I think it's safe to say that
• 29:30
  that doesn't necessarily mean that all of that Bitcoin is
• 29:35
  being resold, but there's a potential and maybe that's a
• 29:40
  maybe that's a happy medium between the Checkmatee Sonny
• 29:44
  camp of all the Bitcoin on exchanges is being factored in.
• 29:49
  And there's really not that much Bitcoin being not that much
• 29:52
  Bitcoin leaving the exchanges and the Luke side where it's
• 29:55
  like you can't count that Bitcoin, Bitcoin is being
• 29:58
  drained from the exchanges. I'm somewhere in the middle.
• 30:02
  I, I think both are making valid points here, but what I am
• 30:06
  seeing it's Bitcoin start to get a little bubbly guys.
• 30:12
  It kissed 73 again yesterday or was it this morning, this
• 30:16
  morning it's done it. The last two days.
• 30:19
  We are starting to get to a price level that is very
• 30:23
  interesting and everyone is watching.
• 30:25
  If we get above 75, say if we get into 80 soon, I don't know.
• 30:33
  I think it's pretty safe to say that the bull market is back on
• 30:37
  the table. It's all I'm saying Opti, let's
• 30:40
  talk lightning network advances like bolt 12 and Noster Bolt 13
• 30:44
  and fettiment. Yeah, let me I'd have to look
• 30:46
  into that. I'm I'm not fully updated on
• 30:49
  everything going on on lightning.
• 30:50
  I think I'm being a little I think the distractions are
• 30:53
  working on me. OK, so I'll I'll look into that
• 30:55
  over the weekend for you sat wise.
• 30:58
  And if if I come up, if I can sort of eloquently talk about
• 31:04
  it, we'll talk about it. All right, let's see, there are
• 31:09
  still Bitcoin holders who don't have cold.
• 31:11
  That's true. That's true.
• 31:12
  I agree with that. I agree with that.
• 31:14
  Anyways, all right, let's keep it moving.
• 31:17
  So I have, I'm, I'm going to, I'm going to sneak another news
• 31:21
  story in for you guys on the numbers because I don't know if
• 31:23
  you guys saw the Wall Street Journal piece about the Strait
• 31:28
  of Hormuz, but it literally took two days for exactly what Nico
• 31:33
  and I were talking about when we initially got the Financial
• 31:36
  Times article about the IRGC wanting to get paid in Bitcoin
• 31:41
  happen, dude, literally 48 hours striking time.
• 31:47
  Like it's so obvious once you understand what's going on.
• 31:51
  And then I do have an update for you guys on the Roman Storm
• 31:55
  case. Finally got an update.
• 31:58
  It's not it's not the best news. It's not the worst news yet.
• 32:01
  OK, so we got a full breakdown of people that were at the
• 32:03
  court. This is the general sentiment.
• 32:06
  And then guys, it's Friday. It's Friday.
• 32:08
  So you know what that means? It's not going to be a meme.
• 32:11
  I know you guys are going to throw tomatoes.
• 32:12
  It's not a meme. But I'm going to end the show a
• 32:15
  little bullish. We're going to do some
• 32:16
  astrology. We're we're going to do some
• 32:19
  tarot card reading. OK, All right, guys, that's the
• 32:21
  show for today. I'll be right back.
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  PM. Elaine, I'm sorry, I'm sorry.
• 34:40
  I, I don't mean to torture you guys about the meme.
• 34:43
  Actually, maybe I do because I said it was going to be a Good
• 34:48
  Friday. Well, Good Friday was last week,
• 34:50
  but I I said it was going to be a Good Friday.
• 34:52
  And I know when I say that you guys think it means memes, I
• 34:56
  mean, technically you could say this is a meme.
• 34:58
  All right, it might be a meme Friday.
• 34:59
  OK, anyways, the current Bitcoin price is 72,930.
• 35:05
  Oh dude, guys, wait, wait. Do we one minute chart real
• 35:09
  quick? Do we one minute chart real
• 35:12
  quick? Hold on, hold on, hold on.
• 35:14
  Let's see guys. We might be, we might be oh
• 35:18
  wait, Bitstamp 7 saying 73. I think we're I think we I think
• 35:23
  we're back up at 73 minute charts like in bullish minute
• 35:28
  charts like in bullish. OK, OK, guys, we're gonna we're
• 35:34
  gonna we're gonna say Bitcoin's at 73,000 right now, OK.
• 35:37
  And the decline from all time highs roughly 42%, so 42%
• 35:43
  discount. The market cap is 1.46 trillion
• 35:46
  and the block height is 944,494. OK, so no video today for the
• 35:53
  numbers. Maybe this numbers is us.
• 35:57
  The numbers is it only took 48 hours for this to come to
• 36:01
  fruition. And what am I talking about?
• 36:04
  Well, we saw this on Twitter yesterday, and it is a post from
• 36:10
  the Wall Street Journal. And it goes, Iran is demanding
• 36:14
  that oil tankers passing through the Strait of Hormuz pay a toll
• 36:17
  in cryptocurrency, highlighting its importance to the Iranian
• 36:20
  regime and economy. Iran's $7.8 billion crypto
• 36:24
  economy finds new way to grow after ceasefire Tentatively
• 36:29
  bullish, right? You're like, OK, hey, we're
• 36:32
  finally sort of getting some good favorable coverage.
• 36:37
  Well, let's check some of these screenshots here.
• 36:41
  Here's the first one and it goes quote Iran's decision to charge
• 36:46
  tanker transit tolls and cryptocurrency is the latest
• 36:48
  example of how Iranian crypto activity is increasingly
• 36:51
  dominated by the state. Oh, it sounds like JJ sounds
• 36:55
  like Rumble. It sounds like Rumble's JJ wrote
• 36:59
  this for the Wall Street Journal.
• 37:01
  The IRGC, Iran's strongest political and economic force, as
• 37:05
  well. It's Its proxies accounted for
• 37:06
  more than half of the country's crypto activity, according to
• 37:10
  Chain Analysis. Going further, the paramilitary
• 37:14
  Islamic Revolutionary Guard Corps has been among the most
• 37:18
  active users on Iran's cryptocurrency market, often
• 37:22
  straining the country's scarce electricity resources to mine
• 37:26
  Bitcoin, said a professional Bitcoin trader in the Center
• 37:29
  City of Isfahan. Going further, quote, Analysts
• 37:34
  and researchers say the Iranian regime has used billions of
• 37:37
  dollars in crypto currencies to conduct trades, acquire weapons
• 37:40
  and commodities, and stockpile funds.
• 37:44
  At the same time, digital currencies have also offered a
• 37:47
  financial lifeline for everyday Iranians who have battled high
• 37:51
  inflation in the collapse of their home currency, the Iranian
• 37:54
  Rial. Now let me pop over to what was
• 37:59
  posted on Yahoo Finance and this is titled Iran reportedly
• 38:06
  accepts crypto and the yuan for Strait of Hormuz shipping tolls.
• 38:10
  Now, I'm not going to read this whole thing.
• 38:12
  Their coverage of this. Look what it says at the very
• 38:15
  end. And this is what Nico and I were
• 38:19
  saying on I believe it was Wednesday quote actually, it
• 38:24
  will go up. Let me see.
• 38:26
  We suspect the stablecoin preference rather than Bitcoin
• 38:28
  or the mother of all shit coins, is operationally rational.
• 38:31
  Stablecoins eliminate price volatility between invoice and
• 38:34
  settlement, making them functionally equivalent to
• 38:35
  dollar wire transfers for the receiving party while remaining
• 38:38
  nominally outside the dollar clearing system.
• 38:41
  Quote. And this is a big quote.
• 38:43
  This is precisely the architecture that OFAC has been
• 38:46
  attempting to close through pressure on stablecoin issuers,
• 38:49
  and precisely why the Hormuz Toll mechanism, if it scales,
• 38:53
  creates direct enforcement pressure on Tether and Circle.
• 38:58
  Now, yes, in the Yahoo Finance article, they're talking about
• 39:03
  stablecoin, but the Wall Street Journal article, it's really
• 39:08
  doing what we said was going to happen.
• 39:10
  And they're painting Bitcoin as, you know, helping criminals
• 39:15
  skirt sanctions. Oh, we got Brian here today.
• 39:19
  All right, Brian, I dude, I didn't look at my schedule.
• 39:21
  My bad, bro. Actually, I'm, I'm gonna bring
• 39:23
  you in. I'm gonna bring you in.
• 39:25
  I'll. I'll update you real quick.
• 39:26
  We'll bring you in real quick. Yo, it's all good.
• 39:29
  No, that that was my that was my fault.
• 39:32
  I guys. All right, my bad.
• 39:34
  I guess we're not doing some TA for you guys, Brian.
• 39:38
  All right, look, first of all, let me let me update you on
• 39:42
  where we were right now. Yeah, you popped in 5 minutes
• 39:45
  early, but I'm going to pop you in now because I like your
• 39:47
  takes. So what we saw on Wednesday, I
• 39:51
  believe. I believe that that's a date is,
• 39:55
  as you're probably aware, Iran. IRGC said they want to get the
• 40:01
  Strait of Hormuz toll payments in Bitcoin and on the show when
• 40:05
  we covered this, me and Nico went on a huge rant about guys,
• 40:09
  this is not as bullish as it seems.
• 40:11
  Yes, it is a bullish news story. A bullish development like
• 40:15
  Bitcoin is the real winner in the ceasefire, but what we're
• 40:18
  going to see very soon. Is that the mainstream media is
• 40:21
  going to come out and start painting Bitcoin in a bad light
• 40:24
  and I don't know if you saw this Wall Street Journal article, but
• 40:28
  they're literally doing that exact thing You know Iran crypto
• 40:33
  activity is increasingly dominated by the state.
• 40:36
  They're using Bitcoin to skirt sanctions.
• 40:38
  They're using too much electricity.
• 40:40
  They're hoarding a lot of cryptocurrency.
• 40:43
  And then here at the very end is where like the real signal is.
• 40:46
  At the same time, digital currencies have also offered a
• 40:49
  financial lifeline for everyday Iranians.
• 40:51
  Here we got Pierre Rochard, authoritarian governments and
• 40:54
  the civilians they oppressed, oppressed both use Bitcoin.
• 40:58
  Bitcoin is for enemies. And like, Bitcoin really is the
• 41:03
  big winner here. Whoa, hold on.
• 41:06
  Bitcoin really is the big winner in regards to the ceasefire in
• 41:13
  the Middle East and now we're seeing that the mainstream media
• 41:19
  is doing whatever they can to make it seem like Bitcoin is a
• 41:23
  bad thing because the bad guys use it.
• 41:26
  Little do they know that our biggest meme is Bitcoin is for
• 41:30
  enemies. So what's what's your general
• 41:33
  take on this? I don't know if you read the
• 41:35
  whole Wall Street Journal article, but I'm sure you're not
• 41:38
  surprised. I think you and I have had these
• 41:40
  conversations on the show before and here we are.
• 41:43
  It's happening like in real time, 48 hours striking time
• 41:47
  here and we already called it like with before the week ended,
• 41:50
  we already called what was going to happen.
• 41:52
  It's it's so predictable. Right.
• 41:55
  It's it's it's the the recurring theme is that we just need to be
• 42:01
  able to get past the immediate. The new cycle is immediate
• 42:07
  people's memories are 48 hours like like we we if anything ever
• 42:12
  seems negative for Bitcoin in the short term, just understand
• 42:16
  that the tenants and the principles of Bitcoin are
• 42:19
  lasting and permanent. And so this too shall pass and
• 42:25
  any of the negative sentiment is temporary.
• 42:28
  The positive is always good. Think think about this and it's
• 42:32
  like any any of the the the Trump haters out there that also
• 42:39
  hated Bitcoin because Trump was a proponent of it.
• 42:41
  It's now going to give like a somehow like a positive
• 42:45
  associations for people who don't like Trump or you're
• 42:48
  right. So every time we shift in the
• 42:50
  market and groups of people can have a little taste of Bitcoin
• 42:56
  of, oh, maybe this is a good thing because it's it's, it's
• 42:58
  skirting something Trump wants to do.
• 43:00
  Or maybe this is a good thing 'cause it's helping the little
• 43:02
  guy, even though it might be an evil regime somewhere.
• 43:05
  Like every time we get a little bit of rub into different
• 43:09
  pockets of people, it has a lasting effect.
• 43:12
  And we know that Bitcoin is eventually going to permeate to
• 43:15
  everybody. This is how it gets there.
• 43:17
  It gets there through nefarious means, right?
• 43:20
  Like the old adage of look where technology goes, it always
• 43:23
  starts in something dirty and then goes to something clean.
• 43:27
  Like why do we know the Internet was going to be big?
• 43:29
  Because it adopted, you know, pornography and it was basically
• 43:32
  like, you know, we, we, we knew that that because it had a
• 43:36
  dirty, a dirty component to it, it could be used for good as
• 43:41
  well. Why do we know that gunpowder
• 43:44
  was going to be big? Because it, it, it, it had a
• 43:46
  dirty component to it. It was the criminals that used
• 43:48
  it and then the good guys used it as well.
• 43:51
  If it's a powerful enough tool for the bad guys, it is going to
• 43:55
  be a powerful enough tool and it needs to be adopted by the good
• 43:58
  guys. And that just plays out every
• 44:00
  time in history. And so whether that happens now
• 44:02
  or later, it's, it's going to have the same outcome.
• 44:05
  And just remember, this is that we are still in the early
• 44:09
  adopter phase. The reason why people are
• 44:11
  uncomfortable with the, with the volatility of perception around
• 44:15
  Bitcoin is cause we've been, we've been led to believe that
• 44:18
  because the black rocks and all those entities are here now that
• 44:22
  were somehow in the late adopter phase or that were in the, the
• 44:25
  status quo phase for Bitcoin, we are not there yet.
• 44:27
  This is the early adopter phase and that's why we feel what we
• 44:32
  feel. So if you ever longed to be one
• 44:34
  of those Bitcoin O GS, guess what?
• 44:36
  If you're in Bitcoin right now, you are a Bitcoin OG.
• 44:40
  It's just this is what it feels like.
• 44:43
  Damn it must have been so hard to be in Bitcoin in like 2010.
• 44:48
  You're literally what, 15 years ahead of everyone?
• 44:51
  I actually, I was covering this yesterday.
• 44:54
  I don't know if you saw the, the Charles Schwab is announcing
• 44:57
  they're going to do spot trading soon.
• 44:59
  And I, I might have told you that.
• 45:01
  I sorry, guys, I've, I've rehashed the story a lot of
• 45:04
  times on the show, but this is it.
• 45:06
  It fits into the context of this.
• 45:08
  My Bitcoin story starts with I went to Charles Schwab in like
• 45:11
  2016. This before like Robin Hood was
• 45:13
  around and you can do like dollar trading on cash app and
• 45:16
  all that stuff. And I remember going in
• 45:18
  thinking, OK, what do rich people do?
• 45:20
  They buy stocks. So maybe I should get, you know,
• 45:23
  trading account. I walked and I had $250 at the
• 45:26
  time. I was broke.
• 45:26
  I was like, you know, I wasn't a college kid, but I was AI was a
• 45:29
  broke beach bum basically. And I go to Charles Schwab and
• 45:34
  I'm like, hey, I want to start trading.
• 45:35
  They're like, cool, that's awesome.
• 45:37
  Congratulations, you're a young smart guy.
• 45:39
  I'm like, all right, cool. They're like, how much money do
• 45:42
  you want or how much money do you want to deploy?
• 45:44
  I'm like $250. They're like, yeah, sorry, you
• 45:47
  need 2500 to even open an account.
• 45:49
  And I'm like, oh, OK, thank you for making me feel poor and
• 45:52
  humbling me. And I walked out and, you know,
• 45:55
  live my life. And then shortly thereafter, I
• 45:57
  believe within like a six month period, I found Bitcoin.
• 46:01
  And now 10 years later, Charles Schwab's getting into Bitcoin.
• 46:04
  And it's just like, it was one of those moments where I can pat
• 46:07
  myself on the back and be like, see, I was smarter than that
• 46:11
  financial advisor that kicked me out of that door.
• 46:14
  Because now they finally get it. It just took them 10 years.
• 46:17
  But yeah, it's it's hard. I wouldn't consider myself an LG
• 46:21
  though. These, these are like our, our,
• 46:24
  the stories we got from our grandpas.
• 46:26
  The, the one that was like, I had to walk 9 miles to school
• 46:29
  uphill both ways. Like these are, these are the
• 46:32
  stories that we're telling the, the, the grandkids in 2040 or
• 46:35
  2050 or whatever that is. Like, you know, it's the, I got
• 46:39
  kicked out of Charles Schwab because I, I was too poor.
• 46:42
  I only had Bitcoin to my name. No, I didn't even have Bitcoin
• 46:45
  to my name then I had I literally had 250 dollars 200.
• 46:49
  It was yeah, it's literally that is actually I'm going to have to
• 46:52
  reframe that for the grandchildren.
• 46:53
  Well, first I think I need children so I can have
• 46:55
  grandchildren. But hey, in time guys, the the
• 46:58
  story I'll I got some time to work on my storytelling
• 47:01
  abilities of in my day, I got kicked out of Charles Schwab
• 47:04
  because I was too broke and then I bought Bitcoin and then they
• 47:07
  bought Bitcoin 10 years later. So grandpa's a legend anyway,
• 47:12
  anyways, let's keep it moving so that we can get some time to
• 47:16
  chat with Brian Demint at the end of the show.
• 47:18
  Quick commercial break. We'll be right back.
• 47:21
  I want to give a shout out to our partner, Leaden.
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  code simply. Wait, wait, guys.
• 49:11
  Yeah, JJ, you're funny. JJ on Rumble goes, Hey, Opti, so
• 49:15
  do you have $2500 now? And I, I respond, no, I, I still
• 49:20
  don't have $2500. And then he goes, he had $2500,
• 49:25
  but now it's $1250. Shake my head.
• 49:29
  Yeah, yeah, dude, my $2500 net worth just got cut in half that
• 49:36
  that was a good one, JJ, I'll give you that one.
• 49:37
  All right, guys. So as I was covering yesterday
• 49:41
  for you guys, there was an update on the Roman Storm
• 49:46
  Tornado Cash case. And the latest update guys,
• 49:50
  since we didn't get this till later in the evening is that
• 49:54
  there was no acquittal yesterday for Roman Storm.
• 49:58
  So where I left you off on yesterday's show was that they
• 50:03
  were still deliberating over whether there was going to be an
• 50:06
  acquittal or not. They took like a four hour delay
• 50:10
  and maybe it was a little longer, I don't know the time
• 50:12
  frame. But as of close of yesterday,
• 50:16
  there is no acquittal yet. But that doesn't necessarily
• 50:20
  mean that he wasn't acquitted or rather denied the acquittal.
• 50:25
  It just means it seems like they are still deliberating.
• 50:27
  So again, I love the rage at the Ridge tech on Twitter.
• 50:31
  They're doing great coverage. Highly recommend you follow them
• 50:34
  if this is stuff that you are into.
• 50:36
  They seem to be like the only ones that are really covering
• 50:38
  this stuff. And it goes new.
• 50:40
  No acquittal for storm today. Will Roman storm be freed as
• 50:44
  after a much anticipated hearing on the tornado cash developers
• 50:47
  motion for acquittal, we still don't know.
• 50:49
  Judge Folia again appeared to treat the to raise
• 50:52
  constitutional issues stepmotherly, but did still not
• 50:56
  seem convinced whether the Southern District of New York
• 50:59
  had proven to have jurisdiction over storms case.
• 51:02
  Meanwhile, the prosecution appeared to continue to struggle
• 51:06
  to lay out how Tornado Cash actually works.
• 51:09
  Which is one of the things we constantly say.
• 51:11
  It's it's it's absolutely insane that we are in this position
• 51:16
  right now. And the people that are
• 51:18
  supposedly supposedly going to find us guilty or not guilty
• 51:22
  don't even understand how the tech works.
• 51:25
  But that's a totally other conversation.
• 51:27
  I saw this other interesting tweet here about someone that
• 51:32
  was in the court case and and I think there is a lot of signal
• 51:35
  in this one. So this is Amanda Tuminelli and
• 51:38
  she goes leaving the hearing on Roman Roman Storm's motion for
• 51:42
  acquittal. The only thing that was clear to
• 51:44
  me is that the government still does not understand the tech at
• 51:47
  issue. The lack of nuance, the
• 51:49
  misrepresentations about how a user interface functions, and
• 51:53
  the equivocation between different technologies is really
• 51:55
  disheartening at this point in the case.
• 51:58
  The arguments at the Southern District of New York, advanced
• 52:00
  at this hearing on the application of Section 1960 are
• 52:04
  limit, limitless, and dangerous for all software developers.
• 52:08
  It was good to see the judge digging in and asking detailed
• 52:11
  questions, but there's no way to predict how she will rule on
• 52:14
  Storm's motion. Given that she was focused on
• 52:16
  dates for retrial at end of 2026.
• 52:20
  I think we can expect to see the case continue.
• 52:23
  So obviously not the results that we wanted and want to see
• 52:29
  because we really, you know, don't throw tomatoes.
• 52:32
  Yes, it's an Ethereum mixer. But privacy wars are in full
• 52:37
  effect here and we have currently seen some casualties
• 52:41
  of that. I actually saw a really good
• 52:43
  tweet. I think it was Econ, what's his
• 52:46
  name? Econo chemist.
• 52:47
  Econo chemist, I forget. He's a privacy advocate and he
• 52:52
  quote, tweeted Senator Lummis. It's kind of a brutal quote
• 52:55
  tweet. Senator Lum has said something
• 52:57
  on the lines of the most pro Bitcoin administration ever.
• 53:02
  And he quote, tweets, yeah, with the highest convictions on
• 53:05
  privacy developers, like the highest conviction of
• 53:09
  developers. So I've been making the case,
• 53:12
  guys. It's not the most favorable
• 53:14
  thing to talk about. But yes, we are seeing from the
• 53:17
  federal level this seemingly positive push for Bitcoin.
• 53:23
  But when it comes to the DOJ in certain courts, they are
• 53:25
  attacking developers, they open source development ecosystem.
• 53:30
  It, it's, I think the morale is very low right now because we
• 53:33
  still really don't know where we stand in terms of are you
• 53:37
  responsible for the software you create, if it's open source and
• 53:42
  what people use that software for.
• 53:44
  Currently, with the convictions and the precedent that we have,
• 53:48
  it's very clear that if someone uses your software as the
• 53:54
  developer, even if it is open source, you are completely
• 53:57
  almost 100% responsible for how people use that software, which
• 54:03
  is not a good precedent. This is not a good place to be,
• 54:06
  especially considering Bitcoin is open source software.
• 54:09
  It's a dangerous place to be right now.
• 54:11
  So we are currently in the privacy wards and where we are
• 54:16
  is is not a good place. So there's still hope that this
• 54:20
  ends up well, but in the current moment it doesn't seem like it
• 54:24
  will. I guess the only positive out of
• 54:28
  this is that the judge, like I said yesterday, isn't just
• 54:32
  trying to fit the evidence to find the result that she wants.
• 54:36
  It seems like maybe this judge is actually trying to understand
• 54:39
  what exactly is going on. So baby steps on education, baby
• 54:43
  steps on people understanding. But maybe there's some light
• 54:46
  here that OK, they're actually trying to understand what's
• 54:49
  going on. But again, it might not end how
• 54:54
  we want it to and this might just be another casualty in the
• 54:58
  privacy wards. But hey, that's the update.
• 55:01
  I told you guys I would update on this.
• 55:02
  Brian, I don't know if you want to chime in on this.
• 55:05
  You're muted just for your Yeah. So if you want to chime in on
• 55:09
  this, we we can totally do that. If not, we can pop in and we'll
• 55:12
  do a culture. And just, I mean, one, one
• 55:14
  question to kick back to you. Do you think that this has
• 55:16
  anything to do? Not necessarily with Bitcoin
• 55:20
  open private. I, I do think the DOJ is always
• 55:23
  going to want to put its talents into, into money systems, right?
• 55:27
  Because that just makes their job easier, right?
• 55:29
  Instead of trying to go find the drugs, you just go to the
• 55:32
  source, you get the money. I, I get that, but do you think
• 55:35
  that any of this pressure is coming from the anthropics and
• 55:38
  the open AI's who are trying to enforce against open source AI
• 55:44
  development? And to, to put a precedent out
• 55:46
  there that open source, your open clause, things that could
• 55:49
  be developed and then crimes that could be committed with
• 55:52
  your open source AI software would also have a precedent for
• 55:56
  developers of that open source software to kind of be in
• 55:59
  trouble for it. Because that would that would
• 56:01
  probably put the the toothpaste back in the tube a little bit
• 56:04
  for some of these open source developers on the AI side of
• 56:07
  things. Yeah, I totally didn't even
• 56:10
  account for the AII. Guess we could call it like
• 56:13
  lobbying group, but I mean it there's a non zero chance for my
• 56:19
  opinion. I think I think that's a fair
• 56:21
  assumption to make that that's probably what we're seeing.
• 56:23
  I mean, I don't know. I'm I'm really then the reason I
• 56:26
  probably haven't thought about this that much, Ryan, is because
• 56:28
  I don't really follow the AI stuff too much.
• 56:32
  I'm I'm not the biggest AI guy. Like we use AI, you know, I I
• 56:35
  use AI more like a glorified search function.
• 56:38
  We use AIA little bit for simply Bitcoin.
• 56:41
  Well, me personally, just a little bit whenever I'm feeling
• 56:45
  uncreative, you know, I'm like, hey, help me on this title.
• 56:47
  And that's that's that's about as much as I really use AI.
• 56:52
  But what we have seen is exactly what you said that the Enthropic
• 56:57
  guys are company CEO or I guess just the entity that is
• 57:01
  Entropic. We have seen them fighting the
• 57:04
  open sourcing of AI, you know, in general.
• 57:08
  And what was it wasn't that last week where they were like
• 57:11
  arresting people or make it like sending charges to people
• 57:15
  because they leak their own code and then within like a couple of
• 57:19
  hours it was open source and they're like, if anyone uses
• 57:22
  this, you're completely cut out. So I mean, I think that is a
• 57:25
  very, very real possibility. My general take on this is more
• 57:32
  on the lines. It is a little more like
• 57:34
  political left versus right, kind of, you know, maybe more of
• 57:37
  a mainstream normie perspective that I just think what we're
• 57:40
  seeing right now is there is a general pushback from people,
• 57:45
  you know, in these ABC agencies like the DOJ, etcetera, that
• 57:49
  don't want to see Trump succeed or do anything good.
• 57:53
  And they're just fighting anything that Trump is doing.
• 57:56
  That's kind of where I would have took in it.
• 57:58
  But I'd like this idea of the a like AII think it's a it's an
• 58:03
  interesting possibility. But for me, it was just like, I
• 58:06
  just don't think that everyone that is in the DOJ or even at
• 58:10
  especially at the Southern District of New York is seeing
• 58:14
  what Trump is doing. And they're like, yeah, we're
• 58:15
  going to fully endorse this Bitcoin superpower of the world.
• 58:19
  They're like, I'm just going to ideologically fight anything
• 58:22
  that Trump wants to do and make examples of that.
• 58:25
  And that's so that's kind of the general trend that I was taking.
• 58:28
  Yeah. And it it's pretty wild how many
• 58:31
  landmark cases that have that have been tried over the last
• 58:33
  couple years are in the Southern District of New York.
• 58:36
  It's like everything is just boom like that, that that group
• 58:40
  of judges decide a lot of our fate.
• 58:44
  I want to find out. He's like, sure, Opti blame the
• 58:49
  clickbait on it. I said sometimes, OK.
• 58:51
  I said sometimes most of the clickbait is coming from a human
• 58:55
  brain. OK, but sometimes I'm a little
• 58:59
  burnt out. Yeah.
• 59:01
  Well, back to what you said, Brian, one of the interesting
• 59:06
  kind of statistics is I and I don't have the number on the top
• 59:10
  of my head. I'm sure the chat will back
• 59:12
  check me right now. But it's like over 90% of the
• 59:15
  court cases that are brought to SDNY, the Southern District of
• 59:18
  New York, they get the results that they wanted, which is
• 59:22
  basically like, if it, if it ends up at the Southern District
• 59:25
  of New York, you're probably in a lot of shit And it's not going
• 59:29
  to go the way you want to because they're pretty much
• 59:32
  doing, I don't want to say like Banana Republic trials here, but
• 59:35
  like they, they know the result. And that's why they take those
• 59:38
  cases and they try them there is because they, they know it's a
• 59:42
  favorable court for, I don't know how you want to call it,
• 59:46
  but like enemies of freedom or, you know, enemies of the people.
• 59:49
  It doesn't seem like they are really doing the judicial work
• 59:56
  that they should be doing. It seems like they, they take it
• 1:00:00
  there because they know that they're going to get the result
• 1:00:02
  they want. So, yeah, very disheartening.
• 1:00:04
  And it just so happens that all of the Bitcoin stuff is being
• 1:00:09
  tried there, which I think it might go into what I was saying.
• 1:00:12
  It really just feels like. A lot of the people in power, in
• 1:00:16
  the institutions, it's not a monolith.
• 1:00:18
  I think we always forget like they're not all in cahoots,
• 1:00:21
  they're not in all in a telegram, they're not all on
• 1:00:23
  Club Orange coordinating, You know what's going to happen and
• 1:00:27
  what the results are going to be and how we're going to really
• 1:00:30
  trash the little guy. But.
• 1:00:33
  Sweet group track Sweet Southern District in New York group chat
• 1:00:36
  on foot. One exactly, you know, it's not
• 1:00:39
  like all the bad guy politicians are in a group chat
• 1:00:43
  coordinating, though. Maybe the lobbyists are, you
• 1:00:46
  know, like if you understand politics a little bit, maybe the
• 1:00:49
  lobbyists that go to the politicians are and hey,
• 1:00:52
  paychecks are paychecks and politicians don't get paid very
• 1:00:55
  well. So that's probably that's kind
• 1:00:57
  of where I leave my hand on. But anyways, I'm rambling.
• 1:00:59
  Let's jump into the culture, guys, and we're going to talk
• 1:01:03
  with our boy Brian De Mint about Club Orange.
• 1:01:06
  We'll be right back. I want to give a shout out to
• 1:01:09
  our partner Hive Digital Technologies.
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  The symbol crash was it's a little louder right now.
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  I haven't heard that. Anyways.
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  Anyways, anyways, Brian, how you doing, man?
• 1:02:54
  How's life? What's new, man?
• 1:02:57
  What do you want to chat about again?
• 1:02:58
  Sorry, you know, I didn't check my schedule this morning.
• 1:03:01
  I'm like, it's Friday. I'm alone, you know, Nico
• 1:03:03
  abandoned me because he's over at Big Block.
• 1:03:05
  Boom, I'm here, you know, crying myself, getting the show ready
• 1:03:09
  and I forgot to check my schedule to realize that I
• 1:03:12
  wasn't alone today I had my boy Brian on the show.
• 1:03:15
  So what's up bro? Dude, it's I gotta say, it's
• 1:03:17
  pretty fun. Just like photo bombing the
• 1:03:19
  entire show. Like this was great.
• 1:03:21
  I just got in right. 5 minutes early, but I I brought, I
• 1:03:25
  brought you in 5 minutes early 'cause it it's fun of that way
• 1:03:28
  it's. Fun of that, but no man, we're
• 1:03:30
  like we're we're prepping, we're prepping for the conference,
• 1:03:32
  Bitcoin conference in Las Vegas like everything's, you know, all
• 1:03:35
  systems go. We're heading out there soon.
• 1:03:38
  It's it's like I, I get to, to host a panel on Bitcoin and
• 1:03:43
  longevity. I mean, OK, the fact that that,
• 1:03:47
  I mean, man, you've been going to conferences for a long time
• 1:03:50
  and the fact that, that it's the conference is so much more than
• 1:03:56
  than just like, hey, here's how to, to, to, to cold store your,
• 1:04:01
  your Bitcoin Like it, it's come a long way and, and it's
• 1:04:05
  permeating out into other areas of life.
• 1:04:07
  And so, yeah, the, the panel I'm going to be on is with Pete
• 1:04:11
  Evans. He, he, he produced the magic
• 1:04:14
  pill documentary on, on, on Amazon Prime.
• 1:04:18
  So if you haven't seen that, go watch the magic pill on Amazon
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  Prime or I think it's on YouTube as well for free.
• 1:04:23
  But we're just going to be talking about the intersection
• 1:04:25
  of health and Bitcoin. And then obviously we'll be out
• 1:04:28
  there in our Club Orange capacity connecting Bitcoiners
• 1:04:31
  at the conference. These conferences are always an
• 1:04:34
  insane HubSpot for Bitcoin activity.
• 1:04:39
  And what we like to facilitate with Club Orange is for the guy
• 1:04:43
  that shows up to the conference and there's 15,000 people there
• 1:04:46
  or 30,000 people there. He's surrounded by all these
• 1:04:49
  people and like all day. He's like, you know, networking,
• 1:04:51
  meeting people, but then after 5:00, he doesn't know where to
• 1:04:54
  go. Like that's the entire point of
• 1:04:56
  Club Orange is that we will connect you with other bitcoins.
• 1:04:58
  And so when you're in a city with 1530 thousand, whatever it
• 1:05:02
  is, 100 thousand other Bitcoiners, but you don't know
• 1:05:05
  any of them because you don't have any connections with them,
• 1:05:07
  like Club Orange literally facilitates that.
• 1:05:09
  So that's what we're excited and and to see just the network
• 1:05:13
  exploding. We're over 20,000 members on the
• 1:05:15
  app right now, while everybody is just sitting by looking at
• 1:05:20
  the at the price of Bitcoin and just hoping it goes up.
• 1:05:23
  We see 20,000 bitcoiners building things that Bitcoin
• 1:05:27
  businesses that they're exchanging Bitcoin for goods and
• 1:05:30
  services. We see people that are that are
• 1:05:33
  creating Bitcoin brands. We see people that are just
• 1:05:35
  making, you know, hosting new meetups, all sorts of things.
• 1:05:38
  There's so much activity happening.
• 1:05:39
  So if anybody's fooled you into thinking that Bitcoin is like
• 1:05:42
  dying on the vine, I can assure you from being at the center of
• 1:05:47
  of the Bitcoin social layer that it is alive and well.
• 1:05:51
  Like the diehards are very much alive and well.
• 1:05:53
  So if you're going to be in Vegas, it's a great time to
• 1:05:55
  connect. If you're not going to be in
• 1:05:57
  Vegas, well, guess what? Club Orange will help you find
• 1:06:00
  bitcoins in your neighborhood where you're at.
• 1:06:03
  Opti, are you going to be in Vegas or no?
• 1:06:05
  I still am not totally sure. I, I don't know, I think I'm
• 1:06:10
  going to, I think I'm going to be strapped to the studio.
• 1:06:13
  Wait, pause. I'm going to be stuck in the
• 1:06:15
  dungeon here having to do the show.
• 1:06:18
  So I, I really don't know yet, but I'd like to give out of the
• 1:06:23
  studio. You know, it's super hot in
• 1:06:25
  here. Well, starting to smell like
• 1:06:27
  Nico's BL. It's not a good place.
• 1:06:30
  It's got that residual, it's got that residual snake.
• 1:06:34
  Well, so, OK, so on our, on our panel, we're we're talking and,
• 1:06:37
  and you're, you're a health maxi too.
• 1:06:39
  You're, you're a, you're a guy that that likes to take care of
• 1:06:41
  himself. And so I mean, I've, I'm, I'm
• 1:06:45
  hosting it. So I'm getting to ask these,
• 1:06:46
  these questions, these people. And I think we get 30 minutes to
• 1:06:50
  hopefully hit the audience with something that's going to be
• 1:06:53
  lasting. And it's some it's like, how do
• 1:06:55
  you, how do you adjust? How do you, what's, what's the
• 1:06:57
  lowest hanging fruit in terms of optimizing your health?
• 1:07:00
  So for you, when you're talking to people, I imagine that
• 1:07:03
  conversation comes up a lot in your Bitcoin conversations is
• 1:07:06
  like the intersection with the health and, and that sort of
• 1:07:08
  thing. And that might be the part that
• 1:07:10
  your families listen to you on, like it, even if they don't
• 1:07:12
  listen to you on the Bitcoin part, they might listen to you
• 1:07:14
  on the health part. But for you, like what, what is
• 1:07:17
  your number one piece of advice for people on health?
• 1:07:18
  Is it, is it like movement? Is it lifting weights?
• 1:07:21
  Is it, is it sunshine? Is it like where, where do you
• 1:07:23
  start with that? Because that's that's where I
• 1:07:25
  want to try and take this panel. Yeah, well, it I, I do.
• 1:07:29
  It's like my, my health pitch is usually the kind of the same as
• 1:07:33
  my Bitcoin pitch in the sense that, you know, it depends on
• 1:07:36
  the person I'm talking to per SE.
• 1:07:39
  You know, it did. Everyone's got different issues
• 1:07:41
  and, and people ask you different stuff and I know what
• 1:07:43
  my issues were. I think I was telling you this
• 1:07:45
  last time, like I had a very bad gut, like my gut, you know, in
• 1:07:49
  technical tract was, was wrecked.
• 1:07:52
  And that's probably like the best thing I personally have
• 1:07:55
  done in the last couple of months to really hone in on like
• 1:07:58
  my, you know, GI, like my gut tract, my intestinal, just
• 1:08:04
  health. And that helped me the most.
• 1:08:06
  But if someone asks me and I actually, I say it every single
• 1:08:09
  day on the show, I always do on the sign off is like eat good,
• 1:08:16
  you know, get some sun in the morning, make sure you guys are
• 1:08:19
  working out, like get your 10K steps in, you know, call your
• 1:08:24
  loved ones. And of course, like buy Bitcoin.
• 1:08:26
  It's so like for me, it's usually when I talk to most
• 1:08:30
  people and I, I tell this to all my friends, it's one, it's like
• 1:08:34
  3 basic things. It's like, well, are you working
• 1:08:36
  out? You know, like I hate working
• 1:08:38
  out, but I have to work out because it, it keeps me somewhat
• 1:08:41
  sane, you know, emphasis on the somewhat sane part.
• 1:08:44
  Then 10K steps. Like guys, you need to be
• 1:08:46
  walking like minimum. I think everyone should get some
• 1:08:50
  walking, not only for the mental benefits, but obviously it's for
• 1:08:53
  the health and longevity. I really like the Jack cruise.
• 1:08:56
  You know, 15 minutes of sunlight right when I wake up.
• 1:08:59
  So I do that every morning I wake up, I get some sun, I try
• 1:09:04
  to oh also wait, do I have my phone?
• 1:09:07
  I do the let me see. I do the red light.
• 1:09:10
  You know I'm a red light maxi and I also can you guys see it?
• 1:09:13
  I have the red light. You know shit iPhone.
• 1:09:17
  So you know. What is that?
• 1:09:20
  What is that about? Dude?
• 1:09:21
  I'm I'm like in the industry. I don't is that iPhone?
• 1:09:23
  What is that? Yeah, it's iPhone, so just the.
• 1:09:25
  Settings. Like is, are you on the new
• 1:09:28
  iPhone 7 or 17 or 16? 15 plus I'm on the latest
• 1:09:32
  software, but yeah, this yeah 16.
• 1:09:34
  Plus, well, do you have the side button?
• 1:09:36
  Yeah. All right, so you set it up and
• 1:09:39
  I always forget. I'll tell you how to do it after
• 1:09:41
  on the show, 'cause I gotta walk you through, but it's basically
• 1:09:44
  you set the color shifting on your phone to red and then you
• 1:09:49
  go into your accessibility shortcuts and then so you just
• 1:09:54
  triple, triple press it and it turns into red.
• 1:09:56
  It's obviously not like perfect, but it's better.
• 1:10:00
  Like I noticed it when I'm sitting at home and I'm on
• 1:10:02
  Twitter, you know, getting news for the show.
• 1:10:05
  Once it starts getting dark. I literally, I have only red
• 1:10:08
  lights in my apartment and I, I should do the red light shift
• 1:10:13
  and I sleep better at night. And so that's, you know, I do
• 1:10:16
  the red light stuff, obviously eat Whole Foods.
• 1:10:20
  You know, I'm, I'm, I'm kind of, I'm kind of on a carb kick right
• 1:10:23
  now. So I'm eating more fruits and
• 1:10:24
  vegetables, but high protein carbs, like trying to lower the
• 1:10:28
  fat. So it's really like move,
• 1:10:30
  whether that's just walking, working out, eating well.
• 1:10:35
  And then of course, like I'm big on the light.
• 1:10:38
  I like the 15 minutes right when I wake up, when I drink my
• 1:10:40
  coffee in the morning. It's so it's really, it may be a
• 1:10:43
  lot more like holistic stuff, but I usually always tell my
• 1:10:46
  friend, like my friends will ask me all the time. 1 like how much
• 1:10:48
  do you work at? I'm like, I work out like 2 * a
• 1:10:51
  week with my boy Sal. You know, the unofficial
• 1:10:53
  official trainer Bitcoin or simply Bitcoin.
• 1:10:56
  I watch my blue light intake because I'm constantly on this
• 1:11:00
  show and, and you guys don't know, like in the studio, the
• 1:11:04
  blue lights literally kill you. Like I feel drained after the
• 1:11:08
  show all, all the time because of I think it's just the blue
• 1:11:11
  lights. Me and Nico always had this idea
• 1:11:13
  where it's like, it's like, why are we so tired after the show?
• 1:11:17
  And that's before we really started to hear like Jack Cruz
• 1:11:20
  stuff. And we're like, I think it's
• 1:11:22
  because of the lights. And it's like, it made no sense
• 1:11:24
  at 1st. And now we're like, Oh no, the
• 1:11:25
  blue lights are literally killing me, guys.
• 1:11:27
  Like it's like I'm literally killing myself for the show.
• 1:11:29
  OK. But yeah, it's just moving,
• 1:11:32
  eating, getting sunlight. And then obviously like the
• 1:11:37
  really unsung hero, which I think is very prominent in the
• 1:11:44
  Bitcoin space and very important is not being chronically online,
• 1:11:49
  like taking our in person relationship seriously.
• 1:11:52
  Like I know personally, I, I'm very notoriously bad as you guys
• 1:11:57
  know and everyone knows I'm notoriously bad about responding
• 1:12:00
  to like text messages and phone calls and stuff.
• 1:12:03
  And I can go weeks at a time without like calling my parents
• 1:12:07
  or my like really good friends. But every time I call them, it's
• 1:12:10
  like, you know, we never skipped a beat.
• 1:12:12
  But I've noticed when I find myself stressed and working a
• 1:12:15
  lot and I'm isolated, that I like, I get very negative
• 1:12:20
  thinking and then I just call someone that I love and is my
• 1:12:23
  best friend. I'm like, Oh yeah, people love
• 1:12:25
  me. Like I'm not an asshole.
• 1:12:26
  Like, Oh yeah, I have people that love me.
• 1:12:29
  So like, you know, that's, that's I, I, I'm sure there's
• 1:12:32
  some, some science and research to back that up.
• 1:12:35
  But yeah, like making sure you're, you're prioritizing
• 1:12:40
  your, your actual human relationship with people.
• 1:12:43
  Like that's basically what I usually tell everyone and it's
• 1:12:47
  really not, you know, there wasn't very anything concrete in
• 1:12:51
  there that you, you know, didn't already know, but that's usually
• 1:12:54
  where I go, said guys. 10K steps Sunline.
• 1:12:56
  I, I heard this thing the other day where the guy said we need
• 1:12:59
  to be reminded more than we need to be taught.
• 1:13:02
  And it's like everything you just said, it's like, yeah, like
• 1:13:05
  it feels like I'm relearning it 'cause I mean, we talk about
• 1:13:07
  this stuff all the time. I mean, I literally like, like,
• 1:13:09
  like this is part of what we do. And, you know, talking about
• 1:13:12
  community and, and, you know, social connections and all that
• 1:13:15
  kind of stuff, but it's like, yeah, there's, there's literally
• 1:13:17
  like a like a health component to being around other people.
• 1:13:20
  We think it's just, we think it's just we, you know, making
• 1:13:23
  friends is just for fun. No, no, no.
• 1:13:25
  Like you look at these blue zones where people live to 100
• 1:13:28
  plus years old. It's like they, they're, they're
• 1:13:30
  doing literally just all the things that you said They're,
• 1:13:32
  they're getting, they have an activity, they have, you know,
• 1:13:35
  they eat real foods. So whether because that was The
• 1:13:39
  thing is like, is it vegetarian diet?
• 1:13:41
  Is it carnivore diet? It's like, no, it's just like,
• 1:13:43
  it's real food. If it's just real food, like
• 1:13:46
  like cut out the processed food. And then they all had social
• 1:13:48
  connections. So whether their family still
• 1:13:50
  visited them or they had a community group or a church
• 1:13:53
  group or whatever it was, it's like, that is powerful, man.
• 1:13:56
  And so we have the answers right in front of us.
• 1:13:58
  But I think it's it's it, it's not boring to have somebody
• 1:14:03
  remind us because we again, yeah, we need to be reminded
• 1:14:05
  more than we need to be taught. So, man, yeah, I appreciate
• 1:14:07
  that. And that's that.
• 1:14:08
  That's a good word. And.
• 1:14:10
  It it's also, it's also like for some reason why you were just
• 1:14:15
  saying that it's reminding me of of like the Bitcoin.
• 1:14:18
  I'm dude, I'm like the, you know, quintessential Bitcoiner.
• 1:14:22
  Like it always comes back to Bitcoin, but like the advice
• 1:14:26
  that we give every single day, it's like, it's not that sexy.
• 1:14:29
  It's like, what should you be doing with your finances?
• 1:14:32
  Like buy Bitcoin continuously and take that Bitcoin off the
• 1:14:35
  exchange? It's like, how many times can
• 1:14:37
  you say that without it getting boring?
• 1:14:39
  Or maybe it sounds too simple to people?
• 1:14:42
  It's like like that advice doesn't even, it won't affect my
• 1:14:47
  life. It's like that that won't push
• 1:14:49
  the needle and you're like, no, but like that's all you.
• 1:14:51
  That's literally all you have to do.
• 1:14:54
  Like it seems too simple. And when you say like what I
• 1:14:57
  said, it's just like, dude, just eat good.
• 1:14:59
  Move your body, you know, 10K steps or, and or go to the gym,
• 1:15:05
  you know, watch the the blue lights and look at the sun and
• 1:15:10
  call your loved ones. You're like, dude, you literally
• 1:15:13
  aren't telling me anything that I don't know.
• 1:15:15
  I'm like, yeah, but if you do it consistently, your life will get
• 1:15:19
  better. It's it's one of those
• 1:15:21
  intangible kind of it's not like qualitative or you just like it
• 1:15:25
  just makes your life, you know, you you can deal with the stress
• 1:15:29
  better. Actually, the other one guys
• 1:15:31
  figure out ways to lower your cortisol.
• 1:15:33
  Don't cortisol spike. Like I notice.
• 1:15:36
  I I actually another thing. Well, I'll give you I'll give
• 1:15:39
  you a tangible one that I do now, you know, I follow a lot of
• 1:15:43
  health Twitter stuff, not just Bitcoiners, but some like you
• 1:15:47
  know, all I wouldn't say homeopathic, but health Twitter
• 1:15:51
  accounts. And the one thing that I learned
• 1:15:53
  that really does help me is in the morning when I take my
• 1:15:56
  coffee, I used to drink it black.
• 1:15:58
  I'm kind of experimenting with little milk and little sugar so
• 1:16:01
  it tastes better. But add L theanine with your
• 1:16:04
  coffee in the morning. Guys, I'm telling you, you have
• 1:16:08
  good energy all day. You don't get jittery.
• 1:16:11
  I'm dude L theanine with your coffee.
• 1:16:13
  I don't drink coffee in the morning without L theanine and I
• 1:16:16
  feel I'm just like, OK, I'm not too jittery.
• 1:16:18
  I feel good. I'm ready.
• 1:16:20
  I'm ready to come on the show and lose my mind.
• 1:16:24
  Without the cortisol spike? Without.
• 1:16:26
  The cortisol spike. You know we're mean.
• 1:16:27
  Imagine cortisol. Man, I hear that.
• 1:16:30
  I'll, I'll throw one out there dude, I don't know if anybody
• 1:16:32
  cares about this at this point because I think you, you nailed
• 1:16:34
  it. But like, I'm, I'm 40 years old
• 1:16:37
  now, still do competitive jiu jitsu.
• 1:16:39
  I have a did. You look younger than me though
• 1:16:40
  bro. Thanks bro.
• 1:16:44
  I get too much sun and so I I love telling people like they're
• 1:16:49
  like oh man, like what do you do?
• 1:16:50
  I just get I get too much sun but no like I I started
• 1:16:54
  introducing collagen like a high.
• 1:16:57
  Quality. I've been.
• 1:16:59
  I've been waiting. To do that supplement into my
• 1:17:00
  diet and I, I take it like with my protein shake or whatever it,
• 1:17:04
  whatever it is, dude, collagen, it's the most abundant protein
• 1:17:09
  in your body. And so it just kind of makes
• 1:17:10
  sense that like if our, if our body's deteriorating, what do I
• 1:17:14
  need to do? I need to put the building
• 1:17:15
  blocks of my body back in. So whether it's muscles or
• 1:17:17
  tendons or skin or whatever it is, collagen builds all of that
• 1:17:20
  stuff. So yeah, I mean, like you want
• 1:17:22
  to, you want a low, low, low grade hack.
• 1:17:25
  Like there's a brand called crucial Ford.
• 1:17:27
  They have like a farm to to table collagen, dude, like try
• 1:17:32
  that one out. That stuff, it's flavorless.
• 1:17:34
  It's not, it's not, it's not gross or anything like that.
• 1:17:36
  But man, and, and it's funny 'cause like half of the stuff
• 1:17:40
  that I know from, from like like about health or just get like,
• 1:17:44
  like local meetups, man. Like the, the time where you'll
• 1:17:46
  go sit, sit around a table and talk about hey, what's working
• 1:17:50
  for you? What's working for you?
• 1:17:51
  It's just like, it's this, but if we were, if we had three or
• 1:17:55
  four more hours and to to tell me why, because then I can tell
• 1:17:57
  you like, why did I start college?
• 1:17:59
  And well, dude, I was tired of getting my butt whooped by the
• 1:18:01
  25 year old studs that were coming in my gym.
• 1:18:04
  Like it's like I got to do something to kind of make up for
• 1:18:07
  it, right. And so, you know, we, we can go
• 1:18:08
  through that a little bit more another time.
• 1:18:10
  But like, man, it, it, the connection part that you talked
• 1:18:13
  about is, is, is so important. Man, I, I, I know that like,
• 1:18:16
  every time that I feel off the beaten path, I've got to find
• 1:18:19
  connection with my brother. I got to find connect like my,
• 1:18:22
  my brother, meaning other, like other dudes.
• 1:18:24
  It's so important because no matter how successful or
• 1:18:28
  whatever people think, we are like we're so vulnerable to just
• 1:18:32
  like losing focus and like getting it twisted.
• 1:18:36
  And so we need other people to keep us on the straight and
• 1:18:38
  narrow. I think that's probably why
• 1:18:39
  people that's why I tune into simply Bitcoin all the time is
• 1:18:41
  like, that's like, that's one of my hacks for, for staying on the
• 1:18:44
  straight and narrow. It's like Opti Opti's keeping
• 1:18:47
  me, me dialed into to Bitcoin. So it, it's that same thing.
• 1:18:50
  But I think that, yeah, personal connection is, is huge, man.
• 1:18:52
  So thank you, thank you so much. I I, I might even, I might even
• 1:18:55
  quote you at the conference. So even if you're not there,
• 1:18:58
  I'll say I get the name drop. Hey Opti told me this.
• 1:19:01
  And I think, you know, adding on to this, and I don't mean to be
• 1:19:04
  like, you know, a massager here or whatever, but like, I think
• 1:19:08
  as men, like as males, we, we're very used to like it's very
• 1:19:15
  masculine to just kind of go through your struggles everyday
• 1:19:19
  and not complain or tell people about it.
• 1:19:22
  And you know, like, if you believe the science, you know,
• 1:19:25
  female, females are a lot more social.
• 1:19:27
  And so they're, they're used to having that connection with
• 1:19:30
  people. But men, it's very hard for a
• 1:19:33
  lot of men to like, have that bro code, you know, that like
• 1:19:36
  tribe around them and, and be, I guess, vulnerable enough to be
• 1:19:40
  like, dude, like I'm, I'm struggling right now, bro.
• 1:19:43
  Just like, I don't need you to help me.
• 1:19:45
  I just need you to chill out with me and, and I think a lot
• 1:19:48
  of guys really do kind of either don't have that or just forget
• 1:19:53
  that it's like, yo, it's not, it's not being weak to just be
• 1:19:56
  like, yo, like I'm struggling today, like, you know, I'm, I'm
• 1:19:59
  going to handle my business, but like I just need my Bros to hang
• 1:20:02
  out with And I, I know I do that all the time, especially now,
• 1:20:06
  you know, I'm in Miami. I have Nico and a couple of
• 1:20:08
  friends down here but I miss like my my Bros in Dallas.
• 1:20:12
  And I'll call them up all the time.
• 1:20:14
  And I'm like, yo, like, what are you doing?
• 1:20:15
  Like, how was your weekend? And I was like, bro, you got to
• 1:20:19
  come back, come hang out with us.
• 1:20:20
  And so like, I need that bro time of just like, look, I don't
• 1:20:24
  want to talk about Bitcoin or even politics or what is going
• 1:20:27
  on in the world. Like I just, I literally just
• 1:20:29
  need to hang out with you and just shoot the shit and joke
• 1:20:32
  about stuff. And I feel so much better when I
• 1:20:35
  do that. So, you know, I think there
• 1:20:38
  might, there might be something to us just being like, you know,
• 1:20:40
  what's the, the alpha male that we like.
• 1:20:43
  You can't see me, you can't see me being weak or else I feel
• 1:20:46
  like I'm a loser. So we just forget about it.
• 1:20:48
  We just forget about that constantly.
• 1:20:50
  Yeah, for sure. But anyways, man, does Club
• 1:20:55
  Orange are you guys, are you guys, are you guys going to have
• 1:20:58
  a special party in Vegas that the people should be looking out
• 1:21:02
  for? We're going to have a Tuesday
• 1:21:03
  night party. You got to be on Club Orange in
• 1:21:05
  order to get the invite because we have the ability to mass ZAP.
• 1:21:09
  We're going to be able to just ZAP a message to everybody in
• 1:21:13
  Vegas. If you have a Bitcoin company
• 1:21:15
  and you want to get the word out, if you have a party, if you
• 1:21:17
  have an after party in Vegas and you want to let everybody know
• 1:21:20
  you can, you can just ZAP everybody in Las Vegas with Geo
• 1:21:24
  zapping on Club Orange and let them know.
• 1:21:26
  But if you're a club orange member, we've got a special gala
• 1:21:29
  for you. The event is on club orange.
• 1:21:31
  So just check the events tab on club orange and you'll find it.
• 1:21:34
  You'll find the where and the the when and how to get in and
• 1:21:37
  all that kind of stuff. But yeah, we're going to we're
• 1:21:40
  going to have a booth. So come come on by and and kick
• 1:21:43
  it with Mateo and me and the team.
• 1:21:44
  We're going to have, you know, all sorts of guys from the team
• 1:21:46
  out and we'll just be having a good time.
• 1:21:49
  I mean this is what we do like in person connection is is super
• 1:21:52
  important to us. We I just think in an AI culture
• 1:21:57
  and a robotics culture that's coming up, the thing that's
• 1:22:00
  going to last are connections. Like you cannot, you cannot fake
• 1:22:04
  connections. Everybody can have an AI
• 1:22:06
  assistant. We can have somebody that we, we
• 1:22:08
  bounce idea. We can have an AI tool that we
• 1:22:10
  bounce ideas off of because we want to reformulate our hooks so
• 1:22:13
  that the more click baity or whatever it happens to be.
• 1:22:16
  But at the end of the day, like, like you said, that, that, that
• 1:22:19
  that shoot in the breeze with the buddy and, and like coming
• 1:22:23
  back down to earth. That only happens with real
• 1:22:25
  people in reality, like that's never going to happen with
• 1:22:28
  machine. And I, I, I truly believe that
• 1:22:31
  like this could be a, you know, this could be clipped in 10
• 1:22:33
  years and be like, oh, like that's, that's really stupid.
• 1:22:34
  I actually don't think I think that's going to age really well.
• 1:22:37
  That statement that human connection will not be able to
• 1:22:40
  be counterfeit. There will be people that try
• 1:22:43
  and those people are going to like kind of probably lead a
• 1:22:45
  pretty miserable existence. And so if you want to get the
• 1:22:48
  alpha out of Bitcoin, the alpha is the people.
• 1:22:50
  I mean, that's just what it comes down to just you
• 1:22:52
  connecting with other Bitcoiners.
• 1:22:54
  You're going to start out on second base as a friend because
• 1:22:57
  you, you, you have that connection.
• 1:22:58
  So, so come out, see us in Vegas, We're going to be there.
• 1:23:02
  If you, if you, if you guys create any other side events or
• 1:23:07
  anything like that, let us know. We will do everything we can we
• 1:23:10
  can to blast it out. If you're doing extra meetups or
• 1:23:12
  anything like that. Our goal is not to make Club
• 1:23:15
  Orange big. Our goal is to make the Bitcoin
• 1:23:17
  social layer big. So whatever we can do to
• 1:23:19
  facilitate that, That's literally why we exist.
• 1:23:22
  We got some really interesting developments coming up with our
• 1:23:25
  wallet, talking about privacy and things like that, things
• 1:23:27
  that we can't announce until actually next week.
• 1:23:30
  But there are some really, really interesting things,
• 1:23:32
  things happening on our developer side.
• 1:23:35
  If you have never used Lightning, we have, I would say
• 1:23:38
  the most sophisticated Lightning wallet in the world.
• 1:23:42
  There's more functionality in the Club Orange Lightning wallet
• 1:23:45
  than than on the planet. We I think, I believe we were
• 1:23:48
  the fastest wallet to get to 1,000,000 transactions.
• 1:23:51
  We now have the capability, and we'll probably show this off
• 1:23:54
  pretty soon to break the single day Lightning transaction
• 1:23:57
  record. We plan to do about a million
• 1:23:59
  transactions in a single day here pretty soon because we have
• 1:24:01
  the infrastructure for it now The the the old adage of like
• 1:24:06
  Bitcoin is slow and you know you can't blah, blah, blah, all that
• 1:24:08
  kind of stuff. We know that's been dead for a
• 1:24:09
  while, but now like one wallet can disprove that like one
• 1:24:14
  wallet just the club orange lightning wallet can can can
• 1:24:18
  outpace XRP or Etherium or any of that kind of stuff.
• 1:24:21
  Like like Bitcoin is getting so big and so powerful that the
• 1:24:26
  people that have built on it it's it's it's not even fair
• 1:24:29
  anymore like Bitcoin is running like running away in this race.
• 1:24:33
  And so if you have any tie to an altcoin bag or anything like
• 1:24:37
  that, which I'm sure this people aren't watching this show,
• 1:24:39
  probably don't unless they're. There might be a few, there
• 1:24:40
  might be a few there. There might be a few.
• 1:24:42
  I'm telling you that is going to be clearly the worst investment
• 1:24:45
  you can make. You're you're you're like the
• 1:24:47
  reason why you might have a few altcoins left.
• 1:24:49
  Always has been. What's that?
• 1:24:50
  It always has, always has. Been the worst investment.
• 1:24:53
  Ever. And it's just like it always has
• 1:24:55
  been. But like it's just so clear that
• 1:24:57
  that's going to be a bad investment choice right now.
• 1:24:59
  Like like going forward, because the tech on Bitcoin is maybe one
• 1:25:03
  of the most exciting parts. It it's like reaching fruition.
• 1:25:07
  And it's not old boomer tech like the Bitcoin isn't that the
• 1:25:10
  most exciting building is happening on Bitcoin.
• 1:25:12
  I've I'm seeing it first hand. Let's go, let's go.
• 1:25:16
  I do want to add one thing not they were asking about lightning
• 1:25:21
  in the beginning of the show. So I'm glad you, you brought it
• 1:25:23
  up and I'll, I'll get some research on the lightning stuff,
• 1:25:25
  but on the idea of human interaction that I think are
• 1:25:30
  also going to be the most important thing.
• 1:25:33
  I think we all sort of forget that this social media
• 1:25:36
  experiment is still relatively new to humanity.
• 1:25:39
  You know, it's been what, maybe like 20 years at the longest,
• 1:25:44
  you know, mid 16, like 20-10, maybe when the iPhone came out
• 1:25:47
  and Facebook was kind of popular.
• 1:25:49
  Like we're still relatively naive in what social media will,
• 1:25:54
  how it will affect our society. And I, I think as we get more
• 1:25:59
  inundated with the social media world, you're starting to see
• 1:26:02
  everyone kind of fracture a little bit and be like, look,
• 1:26:05
  we're going to use social media. Like for me, for instance, like
• 1:26:09
  I need social media for, for my job.
• 1:26:12
  You know, I'm on Twitter constantly and I notice it
• 1:26:15
  literally drives me insane. Like I I low key or actually
• 1:26:19
  rather high key every single day feel I'm on the verge of going
• 1:26:23
  insane and I just have to like put it down my phone and like
• 1:26:27
  take a walk and or do something, you know, cook some food or call
• 1:26:31
  some friends. Like the very least use the
• 1:26:34
  technology like FaceTime. My Bros like my family.
• 1:26:38
  So I I truly believe that as we progress in the 20 twenties into
• 1:26:42
  the twenty 30s, we are going to see kind of AI don't want to say
• 1:26:46
  like a tradcon movement because I think that's kind of Larpy,
• 1:26:49
  but people are going to come back into meat space as like
• 1:26:52
  this is what really fulfills me. So I totally agree with that
• 1:26:56
  100%. And I think like big investors
• 1:26:59
  are, are seeing that Mateo, the, if you guys don't know, the
• 1:27:01
  founder of Club Orange, he, I mean, he's turned down
• 1:27:04
  investment from, from just like regular firms that, that, that
• 1:27:08
  understand that in real life is the future because we're not a,
• 1:27:12
  we're not a social media company or a social network like that.
• 1:27:15
  Like there's all the functionality in Club Oranges so
• 1:27:19
  that you get in, make a connection, set up a meeting and
• 1:27:21
  then just get back off the app. Like there's no doom scrolling.
• 1:27:23
  You can't go viral or anything like that on Club Orange.
• 1:27:26
  It's just to make connections. Well, in the short term in like
• 1:27:29
  a social media culture, that's, that's like not the profitable
• 1:27:33
  model. But the big tech guys, the big
• 1:27:35
  VCs that are just like like like Fiat minded, They are trying to
• 1:27:40
  invest in apps like this that are, that are in real life
• 1:27:43
  connection based because they think that that's five years, 10
• 1:27:46
  years from now that everything will be about making a personal
• 1:27:49
  connection. And so like what we're not
• 1:27:52
  letting the Fiat hands come into this pot because it's just it, I
• 1:27:55
  mean, it's, it's just, it's got to be Bitcoin centric because
• 1:27:59
  Bitcoiners are the only ones that get that right now.
• 1:28:01
  Like you couldn't start TikTok in real life like that, That app
• 1:28:05
  could not exist. Bitcoiners are the only ones
• 1:28:07
  that are that are that are ahead of the curve on the in real life
• 1:28:09
  side of things. So.
• 1:28:10
  Well, you could dance to music in the middle of the street, but
• 1:28:14
  people would just think you're crazy, so it wouldn't.
• 1:28:16
  Work already do that, people already do that and they're
• 1:28:18
  called homeless so. Lol wait before we go though
• 1:28:24
  Brian there's a good comment. Well I'm not going to read the
• 1:28:27
  whole comment but on Twitter miss a goes.
• 1:28:31
  How can I hashtag ZAP my proof of Wellness during Bitcoin
• 1:28:36
  conference? I don't know what proof of
• 1:28:39
  Wellness means, but I think Brian has the perfect app for
• 1:28:43
  you. Yeah, yeah.
• 1:28:45
  I don't I don't know what proof of I like the POPOWI mean, I
• 1:28:48
  like the, you know, the I think. Maybe ZAP just ZAP.
• 1:28:52
  She just wants to Geo ZAP people and I think that's miss AI think
• 1:28:56
  this is a female. So sorry, but I think I think
• 1:28:58
  that's the question. How can I ZAP a lot of people?
• 1:29:01
  I I don't know what proof of Wellness means but.
• 1:29:04
  Yeah, I'm, I'm gonna like, I'm just gonna show people how easy
• 1:29:06
  this is, man. I'm gonna OK or OK, I'm in, I'm
• 1:29:10
  in the, I'm in the, the app right here.
• 1:29:12
  I hit send. I hit.
• 1:29:15
  I'm just going to type in. I'm going to, I'll show you in a
• 1:29:17
  second. Just type in Las Vegas.
• 1:29:20
  Boom. I can't do this backwards.
• 1:29:24
  You had it. You had it there.
• 1:29:25
  You. Go there we go boom.
• 1:29:27
  And then I can just SAP 21 SAT's to everybody in Vegas right now.
• 1:29:32
  Boom. I can send a message with it
• 1:29:35
  too, but boom, I just, I just sent 2400 SAT's to everybody in
• 1:29:40
  Vegas. So yeah, and, and, and imagine
• 1:29:43
  like during the conference, that's that number's going to be
• 1:29:45
  a lot larger. So I don't know if you want to
• 1:29:47
  send 21 sats to everybody, but it's that easy.
• 1:29:49
  You could do that. You could have typed in Planet
• 1:29:50
  Earth and it'll send to everybody.
• 1:29:52
  You could type in North Korea and there's actually a dude in
• 1:29:55
  North Korea you can send sats too, so I mean.
• 1:29:58
  That's. Why?
• 1:30:00
  Wait, maybe we don't recommend that on this show?
• 1:30:04
  I don't know. I don't know.
• 1:30:05
  The show just went black, dude. Yeah.
• 1:30:07
  Yeah, I don't, I don't know. I don't know the legalities of
• 1:30:09
  this one, but you know, that's not coming from Bitcoin, that's
• 1:30:12
  coming from Brian at Club Orange.
• 1:30:15
  Yeah, Ashton. Oh, man.
• 1:30:21
  All right, Brian. Well, hey, man, it's always a
• 1:30:23
  pleasure having you on the show. It's always a good time, man.
• 1:30:27
  Although I feel I feel like Nico is literally scheduling you when
• 1:30:31
  I'm on the show. He's like a dude.
• 1:30:33
  I don't know if he likes you anymore.
• 1:30:34
  I. Don't know.
• 1:30:35
  He's been avoiding me. He owes me money.
• 1:30:38
  He's just he owes. Me some Bitcoin.
• 1:30:42
  I just I actually probably owe him money for real so all.
• 1:30:45
  Right. Yeah, dude, that means you owe
• 1:30:47
  me money too. That's true.
• 1:30:50
  That's true. Wait, what are we doing here?
• 1:30:52
  We're here to we're. Here dude.
• 1:30:54
  No Brian. Honestly, all jokes aside, I I
• 1:30:57
  truly appreciate you as a person.
• 1:30:59
  Also, guys, when you're in Vegas, make sure you go and meet
• 1:31:03
  Brian because this guy's literally 7 feet tall.
• 1:31:05
  He's the tallest guy I probably have ever met in my life.
• 1:31:08
  You know, literal like superhuman in the flesh.
• 1:31:12
  And he's a big corner. So Brian, thank you so much for
• 1:31:14
  coming on today. But hang out, hang out for a
• 1:31:16
  minute and I'll try to teach you how to do the, the red light
• 1:31:18
  shift. You know, guys, if you guys just
• 1:31:22
  Google it, you'll, you'll figure it out.
• 1:31:24
  But anyways, guys, I'll see you on Monday.
• 1:31:26
  Have a good rest of your weekend as always, as I was telling
• 1:31:28
  Brian, got to make sure you eat some good food this weekend.
• 1:31:34
  You get a good workout in, you get some sun if it's around you
• 1:31:39
  call your loved ones and probably most importantly, buy
• 1:31:42
  some Bitcoin and take it off the exchange.
• 1:31:44
  All right guys, we'll see you on Monday.
• 1:31:46
  Peace out. Today's episode was brought to
• 1:31:49
  you by bitcoinwell.com, a Bitcoin only platform on a
• 1:31:52
  mission to enable financial independence.