Latest / Simply Bitcoin / EXPLAINED: Why Bitcoin Will KEEP GOING UP FOREVER | EP 926

Transcript

EXPLAINED: Why Bitcoin Will KEEP GOING UP FOREVER | EP 926 · Simply Bitcoin

• 0:03
  It's all going to zero against Bitcoin.
• 0:07
  It's going up forever. You're against Bitcoin.
• 0:17
  You're against freedom. Yeah, welcome to Simply Bitcoin
• 0:25
  Live. We're number one source for the
• 0:26
  peaceful Bitcoin revolutionary color breaking news culture,
• 0:29
  Matic Warfare. We will be your guide through
• 0:31
  the separation of money and state.
• 0:34
  Guys, welcome help. Welcome to the Valentine's Day
• 0:39
  special, February 14th of the most watched Simply Bitcoin only
• 0:45
  live show on YouTube. Rumble and X Guys, welcome to
• 0:48
  Simply Bitcoin. If you guys are new to the
• 0:51
  channel, we have a lot in store for you today.
• 0:54
  We have a great show. But first, we're going to start
• 0:57
  off with, you know, the question, the question, the
• 1:00
  ultimate question, why is Bitcoin going to go up forever?
• 1:04
  So we're going to ask that question.
• 1:06
  We're going to answer that question.
• 1:07
  We're going to also answer the question as to why Bitcoin
• 1:11
  continues to go parabolic. We've been talking about it for
• 1:14
  the last couple of days. There's a there's a supply
• 1:18
  shock, and that supply shock is about to get cut in half in
• 1:22
  April, and Wall Street continues to gobble up enormous amounts of
• 1:27
  Bitcoin. We have the data for you.
• 1:29
  This is absolutely insane. This is completely uncharted
• 1:32
  territory, and I'm gonna go back to what I said on yesterday's
• 1:38
  episode. Highly recommend watching that
• 1:39
  one where I said, listen guys, last bull market was cut short
• 1:44
  because of the CCP Bitcoin mining ban, but I don't think
• 1:49
  that's going to happen this cycle.
• 1:51
  And then you sprinkle in the ETFs and then you sprinkle in
• 1:55
  the halving coming up. It creates a perfect storm.
• 1:59
  Now I'm not saying it's a sure thing, right?
• 2:02
  Because, you know, it felt like a sure thing back in 2020,
• 2:06
  2020-2021. But, you know, it does seem like
• 2:10
  all the stars are aligning. And there's a part of me that's
• 2:13
  like, the reason that I'm like, so skeptical about it and a lot
• 2:17
  of us are skeptical about it is because a lot of us have PTSD,
• 2:20
  especially if you're a class of 2016, 2017, we have PTSD from
• 2:25
  the last cycle kind of cutting it short a little bit.
• 2:29
  Right? And a lot of people are like,
• 2:30
  wow, like I, I, you know, I endured the 2018-2019 bear
• 2:36
  market, which was absolutely brutal.
• 2:38
  And then this is what I got right.
• 2:39
  So a lot of us are still kind of like in disbelief.
• 2:42
  You know, we, we, we, we, we see the price go up.
• 2:44
  It feels good. We're like, I remember this
• 2:46
  feeling, but at the same time we're like like looking you
• 2:49
  know, over our shoulder, kind of skeptical.
• 2:51
  So, but anyways, if you look at the data, the data tells a very,
• 2:56
  very strong story. And we're going to get into all
• 2:59
  that today. The other part of the show
• 3:01
  during the news and the culture are going to continue covering
• 3:04
  the separation of money and state, how the states attempted
• 3:09
  resistance against the adoption of Bitcoin.
• 3:12
  The separation of money and state is ultimately futile.
• 3:16
  It's not going to work, but doesn't mean that they can't
• 3:20
  make your life incredibly difficult, especially if you
• 3:23
  live in a jurisdiction that is hostile to Bitcoin.
• 3:26
  So we're going to cover all that.
• 3:27
  We're going to go through the history.
• 3:29
  We're going to go through some of the latest talking points and
• 3:32
  you and you've heard this coming out of the current
• 3:35
  administration, coming out of some politicians.
• 3:39
  You have to understand that put put taxation aside.
• 3:44
  Let's not talk about that on the show, but let's talk about the
• 3:47
  indirect taxation, which is truly how governments are able
• 3:51
  to spend more than they collect in tax revenue, which is the
• 3:54
  taxation of inflation. And really what that is, is a
• 3:59
  wealth redistribution mechanism. And you have politicians and
• 4:03
  bureaucrats and a whole administrative state that is
• 4:06
  built on top of that mechanism. What happens when that mechanism
• 4:11
  gets removed? Right, What happens, right, all
• 4:15
  of human society changes, right? And this is the theory from the
• 4:18
  sovereign individual. This is the theory that not only
• 4:22
  is it talked about in the sovereign individual, if you've
• 4:24
  gone, if you've been in Bitcoin for a while and you go down the
• 4:28
  rabbit hole, you reach that inevitable conclusion.
• 4:31
  Like, holy shit, this is really going to change things.
• 4:34
  And I'll give you guys examples. If you guys are bitcoiners, have
• 4:37
  you guys walked around the airport, like through the TSA?
• 4:41
  And then you're just like walking around like Normieland
• 4:43
  and you're looking around and you're just like realizing,
• 4:47
  like, how inefficient this stuff is, right?
• 4:50
  That's what I'm talking about, right?
• 4:52
  But the world hasn't woken up to this new paradigm shift, to this
• 4:56
  new reality, which creates a massive opportunity 'cause it's
• 4:59
  cheaper Bitcoin. But you're running out of time
• 5:02
  because Wall Street has woken up to Bitcoin's incentives and
• 5:06
  they're coming in hard and they have a lot of money.
• 5:10
  So don't sell your Bitcoin to Larry Fink.
• 5:13
  And this is just beginning. Like this ETF got approved in
• 5:16
  January and look at where we are now.
• 5:18
  This is going to be a a crazy crazy ride.
• 5:21
  Anyways, no more delay. This is the Valentine's Day
• 5:23
  special, so coiners, we don't have girlfriends.
• 5:27
  So I'm bringing on. I'm bringing in the next best
• 5:30
  thing which is my best friend, my Co host Optimist Fields to
• 5:35
  come on today's episode. But the good thing is guys that
• 5:39
  we are heading into a bull market so we all might get
• 5:42
  girlfriends at the end of all this.
• 5:43
  So there. Is some good news.
• 5:48
  There is. Light at the end of the tunnel.
• 5:49
  If you huddle to the end of the bull market, you might get a
• 5:51
  girlfriend anyways. How you doing Opti?
• 5:53
  I'm doing wonderful, bro. Life's good.
• 5:55
  God is good. You know, usually my mom's the
• 5:58
  best Valentine day, but I guess Nico's the best Valentine's Day.
• 6:03
  The partner, I don't know. I don't know.
• 6:04
  Yeah, I showed up. Today is.
• 6:08
  This is this our Valentine's Day date?
• 6:11
  Is this the day? Yeah.
• 6:12
  Wow. Yeah, live on air.
• 6:14
  Simply Bitcoin dating channel coming soon.
• 6:17
  Yeah, man, what a what a crazy, crazy time.
• 6:20
  It it feels good 50 what we're at 52 K right now Bitcoin just
• 6:24
  passed a trillion dollars market cap Again, it's almost like we
• 6:28
  were right. It's almost like we were right.
• 6:30
  But also on that same vein I think we also need to stay very
• 6:36
  vigilant right now. I was watching the Whitney Webb
• 6:40
  Mark Goodwin on what Bitcoin did this morning.
• 6:43
  I highly recommend you guys watch it.
• 6:45
  It's a good, good rip. I have like 20 minutes left.
• 6:48
  Highly recommend you watch that. So I think it's very important
• 6:51
  that we don't get caught up in the number, go up fervor and we
• 6:55
  remember why we're here with Bitcoin and what we're really
• 6:58
  trying to do. So I think this is going to be a
• 7:00
  very important year and we're just starting to see it play off
• 7:02
  right now, pop off. So it feels good, man.
• 7:04
  It feels good to be a bitcoiner. Yeah, maybe.
• 7:07
  Maybe by the end of the year, Nico, I will have a girlfriend.
• 7:09
  We'll see, we'll see. We'll see what happens.
• 7:11
  Yeah. And I think you bring up a
• 7:12
  really good point, which is like not to get caught up in like the
• 7:16
  fervor, right? And remember, guys, we are here
• 7:21
  for the separation of money in state.
• 7:23
  That is the ultimate end goal. The awesome part about Bitcoin
• 7:26
  is that you might get rich in the process, especially if you
• 7:29
  stay humble, stacks at stay solvent.
• 7:32
  So you might get wealthier in the process.
• 7:34
  But the ultimate end goal is the separation of money in state.
• 7:38
  That's what we want. That's what's going to fix the
• 7:40
  world. That's what's going to fix a lot
• 7:41
  of people's economic woes. That's what's going to end the
• 7:44
  endless wars. Do you want a life better for
• 7:47
  your kids and your grandchildren and the future generations?
• 7:50
  We must separate money from state, right?
• 7:52
  That's, that's the end goal. But the awesome part about the
• 7:56
  separation of money and say, unlike the separation of church
• 7:58
  and state, is that I believe this is going to be a lot less
• 8:01
  violent because all it requires, it doesn't, you know, require
• 8:04
  you to pick up a gun and, you know, fight or whatever, just
• 8:08
  not that type of revolution. It's a peaceful one.
• 8:10
  All you got to do is you just got to opt out and you say,
• 8:14
  listen, I'm gonna buy Bitcoin, mine Bitcoin, earn Bitcoin and
• 8:17
  take that Bitcoin out of the system and take it into self
• 8:21
  custody. And if enough people do that, we
• 8:24
  win and there's absolutely nothing they could do about it.
• 8:27
  It's as simple as that. Like it's really not rocket
• 8:29
  science, right? So anyways, yes, it's important
• 8:33
  as number goes up and you know everyone starts to get happy and
• 8:37
  they're looking at their portfolios and saying like holy
• 8:39
  cow this is great and you start getting texts from your friends.
• 8:42
  You start looking at new cars and new houses and going on.
• 8:45
  Zillow and like, whatever. Like all that stuff.
• 8:48
  Remember. Remember.
• 8:49
  What the top signal remember? What the?
• 8:51
  Yeah, that is the top single and a signal.
• 8:53
  And remember what the ultimate end goal here.
• 8:55
  The ultimate end goal is the separation of money and state.
• 8:59
  So keep your eye on the target and we're gonna win this thing.
• 9:03
  All right, ladies and gentlemen, no more delay.
• 9:05
  Let's jump straight into the show.
• 9:07
  But before we do that, I do want to give a shout out to our
• 9:10
  flagship sponsor Speaking of taking Bitcoin into self
• 9:14
  custody. Ladies and gentlemen, this is
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  All right, everybody, let's hit the numbers.
• 10:00
  We have a lot to talk about the Bitcoin numbers.
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  No risk of the plate breaking apart and pieces falling
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  They're also crush proof, waterproof, non corrosive, and
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  allowing you to huddle your Bitcoin with Peace of Mind for
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  the long haul. Stamp your seed on stamp seed.
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  You want to make it over the finish line with your
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  generational wealth, and the way that you do that is by properly
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  securing your Bitcoin wallet. Seed words you want to you want
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  to secure them properly. Not on paper.
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  15% off. And yeah, yeah don't put
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  yourself in that position where you have to explain to your
• 11:34
  grandchildren why you lost their Bitcoin.
• 11:37
  At the time of recording, the Bitcoin price is 51,610 SAT's
• 11:43
  per dollar. We we kissed $52,000 earlier on
• 11:47
  today. I was so hyped SAT's per dollar
• 11:49
  under under 2000. Great to see 1938 block height
• 11:56
  830,454 continues to make all time high.
• 12:00
  That's a good sign. Blocks to having 9546 blocks
• 12:04
  were very very close having estimate April 19th, 2024 Total
• 12:09
  lightning network capacity 4773 Bitcoin capacity value
• 12:13
  246,000,000 U.S. dollars. Realize monetary inflation 1.75%
• 12:20
  Here it comes ladies and gentlemen, Market capitalization
• 12:23
  of Bitcoin $1.01 trillion We are back over the trillion dollar
• 12:32
  mark and Bitcoin is just getting started.
• 12:35
  Bitcoin versus gold market cap 7.34% In the grand scheme of
• 12:41
  things, Bitcoin's just getting started. 10X to gold.
• 12:44
  Oh, we're so I'm almost a 10X more than a 10X to gold.
• 12:47
  It's gonna feel so good when we cross that number.
• 12:50
  So, ladies and gentlemen, why is the price continuing to pump
• 12:53
  right? Especially, like, if you look at
• 12:55
  Bitcoin's history, it's pumping before the halving.
• 12:58
  It's kind of strange, like this has never happened before.
• 13:01
  Well, it's because Wall Street continues to gobble up massive
• 13:06
  amounts of Bitcoin. Big BlackRock now owns 105,000
• 13:12
  Bitcoin. Fidelity now owns 79,000
• 13:16
  Bitcoin. Just to kind of give you a frame
• 13:19
  of reference, a week ago or two weeks ago when we started
• 13:22
  reporting on these numbers, ladies and gentlemen, BlackRock
• 13:26
  had, it was, I think, 75,000 Bitcoin.
• 13:30
  Fidelity had like 60,000 Bitcoin.
• 13:32
  So they're buying 10s of thousands of Bitcoin, right?
• 13:35
  And they're almost, you know, they're almost gonna catch up to
• 13:38
  MicroStrategy, right? It took MicroStrategy a long
• 13:41
  time to get those 190,000 Bitcoin.
• 13:45
  You know, these guys, you know, they're just gobbling it up.
• 13:48
  And it's just important to remember, ladies and gentlemen,
• 13:50
  like, look. Like it's not your keys, not
• 13:53
  your cheese. So, you know, obviously a lot of
• 13:55
  people are choosing or they're opting into the convenience of
• 13:58
  the spot Bitcoin ETF. But guys that it like I'm
• 14:01
  telling you like governments are.
• 14:03
  Look, look at it from a historical perspective.
• 14:07
  If governments get in a pickle, you know we have a repeat of a
• 14:11
  six 102 order, What do you think they're going to do?
• 14:15
  They're going to go for the low hanging fruit.
• 14:17
  But if you have your Bitcoin in self custody, which is what we
• 14:20
  advocate for, all our partners really advocate for that, right.
• 14:24
  Bitcoin. Well, Self custody by default.
• 14:26
  Foundation passport, it's a hardware wallet stamp seed.
• 14:29
  Like literally we're giving you the tools for you to take self
• 14:33
  custody. So there's no excuse.
• 14:35
  Don't get caught with your pants down if this happens in the
• 14:38
  future. I'm not saying it's going to,
• 14:40
  but I mean look guys, remember 6102, could you imagine in the
• 14:45
  US of the United States of America, the US government made
• 14:48
  it illegal for citizens to own a medal like gold.
• 14:53
  Like think about like think about that, right.
• 14:56
  And of course, look at the last century like, you know,
• 15:00
  governments have a a rocky, a rocky track record to say the
• 15:07
  least, right? This is what the separation of
• 15:08
  money in state is all about. This is what Bitcoin fixes,
• 15:12
  right? You get the money outside of the
• 15:15
  control of central bankers and politicians like you get it out
• 15:18
  of their hands, right? And I think the world will be a
• 15:20
  much better place for it anyways.
• 15:23
  So I tweeted this out this morning.
• 15:25
  Wall Street is running out of coins to buy and the supply is
• 15:28
  about to get cut in half in 60 days.
• 15:31
  Are you not entertained? Here's Anthony Pompiano.
• 15:34
  Anthony Pompiano. He says there was $631 million
• 15:39
  of net inflows to the spot Bitcoin ETFs yesterday.
• 15:42
  That's 14 times more demand than the network produced in the same
• 15:47
  day. I don't think people understand
• 15:49
  the magnitude of what is happening right now.
• 15:52
  So you're seeing number go up. This is why.
• 15:54
  And around the corner, ladies and gentlemen, is the halving in
• 15:58
  60 days, right. So that 14X number that pomp is
• 16:02
  talking about, that's literally double that 30X, right.
• 16:06
  So they're gobbling up thirty time on a daily basis, 30 times
• 16:11
  the amount of Bitcoin that is being produced on the same day.
• 16:15
  And unlike gold, remember, because gold is scarce, right?
• 16:19
  Gold is very scarce. It's hard to get out of the
• 16:21
  ground. When the price of gold goes up,
• 16:24
  the production of gold goes up as well.
• 16:28
  When the price of Bitcoin goes up, the production stays the
• 16:30
  same and it gets cut in half every four years.
• 16:33
  That makes Bitcoin unique. There's nothing else in the
• 16:36
  world like that. You have to remember that.
• 16:39
  All right, so this is kind of like a meme video, but it's
• 16:41
  absolutely hilarious. And you know, it's just a a
• 16:46
  American huddle giving some technical analysis.
• 16:48
  Let's check it out. So as you can see here on the
• 16:51
  chart, for like 4 years Bitcoin was in like the hundreds of
• 16:54
  dollar range and it just kind of hung out there.
• 16:57
  Yeah, like maybe it bounced down.
• 16:59
  Maybe it bounced up, but it was basically in the hundreds of
• 17:02
  dollar range for like 4 fucking years.
• 17:04
  Then it went to the thousands of dollar range and it just stayed
• 17:07
  there. Yeah, it bounced above 10
• 17:08
  briefly, but it went in the thousands of dollars range.
• 17:11
  Then it went to the 10s of thousands of dollars range and
• 17:14
  it stayed there for three fucking years.
• 17:17
  And now we're coming to the end of it.
• 17:18
  What the fuck do you think is going to happen next?
• 17:20
  You think it's going to go to the $0.00 range?
• 17:21
  Now it's going to 100,000 fucking dollars?
• 17:23
  Then fucking God 6 beautiful TA from American Hottel.
• 17:27
  I think it's. Joined A.
• 17:29
  Paid group, AAA. Very, very appropriate market
• 17:33
  signals and appreciate it. Thank you, Mr. Hottel.
• 17:35
  On a more serious note, here is Michael Saylor on CNNBC.
• 17:40
  And of course, he takes a more serious approach.
• 17:42
  Let's check it out. You know, I think a lot of this
• 17:45
  is just indicative of the popularity of Bitcoin as an
• 17:48
  asset class. It's it's now the world's most
• 17:50
  popular investment asset. It's novel.
• 17:52
  It's digital. It's global, that's unique and
• 17:56
  it's uncorrelated to traditional risk assets because it doesn't
• 17:59
  come with exposure to any given country, currency, company,
• 18:02
  quarterly result product cycle, competitor not to weather, not
• 18:05
  to war, not to an employee base or supply chain.
• 18:09
  And so that makes it a natural addition to the portfolio of
• 18:11
  responsible investor. There's ten years of pent up
• 18:13
  demand, people been waiting for these ETFs and and finally
• 18:16
  mainstream investors are able to access Bitcoin.
• 18:19
  And I think that's what's driving the surge of capital in
• 18:22
  the asset class. And initially there was a
• 18:23
  rebalancing as people are moving capital between the futures
• 18:26
  market and the miners and micro strategy and the ETF.
• 18:28
  But following that rebalancing, I think the the assets found its
• 18:32
  footing and now people are beginning to realize that
• 18:34
  there's 10 times as much demand for Bitcoin coming in through
• 18:37
  these ETFs as there is supply coming from the natural sellers.
• 18:40
  Who are the miners? OK, right.
• 18:43
  And and and I just want to emphasize that enough, right,
• 18:46
  Which are the natural sellers? The miners, because people have
• 18:48
  to understand, ladies and gentlemen, like what the cell
• 18:51
  pressure is, right? So it's roughly 900 Bitcoin
• 18:54
  mined a day, right? Multiply that by 51,000, right.
• 19:00
  That's $45 million worth of Bitcoin mined every single day.
• 19:04
  Say that, you know, 30% of that or, you know, 30% of that, 40%
• 19:08
  of that, 50% of that is used to, you know, pay for electricity
• 19:13
  bills, right? That's $20 million of cell
• 19:17
  pressure on a daily basis that Bitcoin has to put up with.
• 19:21
  That's about to get cut in half in April, right?
• 19:24
  And of course, I just did math off the top of my head, did a
• 19:26
  bunch of estimations. But just to kind of give you
• 19:29
  guys an idea of why Bitcoin is gonna go up forever now, here is
• 19:34
  Jeffrey Jesse Schrader shout out.
• 19:36
  He's part of Bitcoin Kindergarten with OPTI, that's
• 19:38
  not. Justify.
• 19:40
  And you know here is Preston Pish talking to Pierre Richard
• 19:45
  on the Investors podcast. But it seems like this was like
• 19:47
  OG back in the day and let's take a look at what Pierre had
• 19:51
  to say. Honestly, what do you think is a
• 19:54
  conservative and that's how I like to look at it, is like what
• 19:56
  do you think the conservative end of this is?
• 19:59
  And whenever I think through that, I think you know on the
• 20:02
  really low end if I had to be extreme on the low end, I think
• 20:05
  it's a trillion dollars at the AT like.
• 20:08
  If you had to be ridiculously low, I would say a trillion
• 20:11
  dollars per Bitcoin, honestly. And I get what everyone like and
• 20:18
  I know some of you are going to be like, Nico, you're wrong.
• 20:21
  This is wrong. You're wrong.
• 20:24
  OK, well I love the IQ bell curve chart 'cause it really
• 20:29
  kind of just shows lays out the case.
• 20:32
  You know, BlackRock is buying $500 million per day and we can
• 20:37
  see the supply constraint with full transparency beforehand.
• 20:42
  Just don't mid curve it, right. It's really, really not that
• 20:46
  complicated And and like in case you guys like still don't quite
• 20:51
  understand, I will literally pull up a fancy graphic for you
• 20:56
  guys to kind of understand, you know, on on a daily basis how
• 21:00
  much Bitcoin they're stacking and how much Bitcoin is being
• 21:04
  produced. And not to mention the fact of
• 21:07
  I'm not selling, are you selling OPTI?
• 21:09
  You know, so like the Hodlers aren't selling.
• 21:12
  So who's selling this? That's, you know, it's basic
• 21:15
  supply and demand. If no one is selling at these
• 21:18
  prices, what tends to happen to the price number go up And
• 21:22
  that's what's that's what's happening now.
• 21:24
  Wait to the world, you know, wakes up to this reality.
• 21:29
  Wait, wait to the world. Wall Street is waking up to
• 21:31
  this. Bitcoiners have woken up to this
• 21:34
  a long time ago, right? Shout out to the O GS.
• 21:37
  Can't say that I am class of 16. Opti class of 17.
• 21:40
  Same class in my eyes, right? So.
• 21:43
  But we've been saying this for a while now, right?
• 21:45
  Like, it's incredibly obvious. It's Infinity divided by 21
• 21:49
  million. That's why Michael Saylor says
• 21:51
  his famous line. It's going up forever, Laura.
• 21:54
  But take a look at the events that are about to happen.
• 21:58
  Break it down one more time. The ETF, which was is the best
• 22:04
  performing ETF in the history of the US.
• 22:07
  It's already in the top 10 out of 3100 ETFs right Black.
• 22:12
  Last time I checked, BlackRock with it was an eighth place out
• 22:15
  of 3100 ETFs, and Fidelity was in 10th place.
• 22:20
  This thing's only been around for a couple of months.
• 22:24
  Look at the record inflows. We show you guys that number
• 22:26
  every single day. That number keeps going up,
• 22:29
  which means more and more people are buying that ETF via
• 22:34
  BlackRock and via Fidelity, right?
• 22:36
  So that there's that happening. Then the having the amount of
• 22:41
  the amount of Bitcoin that's gonna be able to be sold on the
• 22:44
  market is about to get cut in half in April.
• 22:48
  And then four years after that in 2028, it's gonna get cut in
• 22:52
  half again. Do you understand where I'm
• 22:54
  going with this right? And now I'm compare and contrast
• 22:57
  that with the M2 money supply chart.
• 23:01
  Compare and contrast that with Fiat that they could literally
• 23:04
  just print out of thin air It like that.
• 23:07
  That's why I played you the American huddle video in the
• 23:10
  beginning like you know it's so obvious.
• 23:13
  Don't mid don't mid exactly what Dylan Dylan said like don't mid
• 23:18
  level IQ it like it's really not that difficult to understand.
• 23:23
  It's you know there's there's an there's only 21 million Bitcoin.
• 23:28
  There's estimated four of them for about four millionaire lost.
• 23:31
  There's 8 million people on the planet.
• 23:34
  You know there's 300 million people just in the US there's 60
• 23:38
  million millionaires Just if every millionaire won in one
• 23:41
  Bitcoin they literally could not afford it.
• 23:44
  Yeah yeah this thing is going up forever.
• 23:47
  That's why it's going up forever.
• 23:48
  It's just really hard to understand.
• 23:50
  I get it. I understand I've been there,
• 23:52
  right? But that's why it's so important
• 23:56
  to look back in the past and you'll see the the post on
• 24:00
  Bitcoin forums of people literally regretting like, like,
• 24:04
  like, wow, I missed 100. Like, I missed Bitcoin and was
• 24:08
  at $8. Now it's $100.
• 24:10
  I I missed the train. You hear that right?
• 24:13
  Now you're like $100 Bitcoin. Like, holy cow, right?
• 24:16
  So now that we're sitting at $51,000 Bitcoin, think five
• 24:20
  years from now. Think 10 years from now when you
• 24:23
  had the opportunity to buy it at these price levels, right?
• 24:26
  So anyways, Opti, what's your take on all this, bro?
• 24:29
  It's a bullish episode. It's a bullish episode.
• 24:31
  Wow, So bullish. I just choked on my own saliva.
• 24:33
  Hold on. OK.
• 24:37
  Hold on. Sorry guys, I almost died.
• 24:38
  Opti's turning red. Almost died live on air it is.
• 24:41
  Valentine's Day, so I understand.
• 24:44
  All right. What do I think of this?
• 24:46
  First and foremost, Nico, you're really making me look bad at the
• 24:49
  very beginning. I said let's try not to get too
• 24:52
  crazy. And then Nico just jumps into
• 24:53
  like, the most bullish sentiment.
• 24:56
  Hold on a second. How is that?
• 24:58
  How is that, like, bullish sentiment?
• 25:00
  Oh yeah, the facts, bro. I know, I know that's what I'm
• 25:03
  saying. Like it it to me, I'm just
• 25:05
  feeling so bullish like literally I'm I'm going 180 on
• 25:08
  what I told you guys in the beginning.
• 25:10
  I'm just going to go like full bull tard here and you know,
• 25:13
  shouts out to American Huddle and Piero Shard.
• 25:16
  I I I remember that Piero Shard clip.
• 25:18
  It is definitely I think a few years old by now and American
• 25:23
  Huddle just cracks me up and and this is kind of what I'm saying
• 25:26
  like like I get as both hearted as everyone and we're all
• 25:29
  feeling the fervor and I'm sure this whole year we're going to
• 25:31
  get even crazier. But when you really break down
• 25:35
  the fundamentals of what's going on, it's super hard not to get
• 25:39
  bullish on Bitcoin when you understand what is actually
• 25:41
  happening in real time. And This is why we always say,
• 25:45
  as the meme goes, you know, it's going up forever.
• 25:48
  And so it's very simple there. I think the total market tonight
• 25:52
  and I might be overshooting this a little bit, but the last time
• 25:55
  I checked, I think the total global assets is like $900
• 26:00
  trillion. It is.
• 26:01
  It is, yeah. And Bitcoin just passed again,
• 26:05
  $1 trillion. And gold is roughly around,
• 26:09
  what, like 10 trillion? Yeah, it's 13 now.
• 26:12
  So like, if you don't fundamentally get where this is
• 26:16
  going, all I can say is, you know, one, watch more simply
• 26:20
  Bitcoin. Two, maybe do some research or
• 26:22
  just go full left side of the bell curve and just stack
• 26:25
  Bitcoin as much as possible. Just don't even worry about the
• 26:29
  price, just stack as hard as possible and hold it for as long
• 26:34
  as possible. And in time you're gonna be
• 26:37
  very, very happy that that is what you did and like it.
• 26:41
  It's very simple, you know, 21 million hard cap and then you
• 26:45
  add on top of that that just probably like 5 million Bitcoin
• 26:48
  lost or something like that. Bitcoin is even more scarce than
• 26:50
  we understand and 8 billion people are going to vie for the
• 26:56
  position to try to get some Bitcoin.
• 26:58
  So at the price that it is now what roughly 50K there, the the
• 27:03
  price has to go up it. It's just simple maths, you
• 27:05
  know, maths is hard, but it's just simple maths.
• 27:08
  But on the ETF news, circling back a little bit, man, the
• 27:13
  amount of Bitcoin that that they're scooping up.
• 27:15
  Nico, I don't know, maybe it's just like my paranoid Bitcoin,
• 27:20
  you know, mine going off. But it's starting to.
• 27:22
  I'm starting to feel that like kind of scared like Oh my God,
• 27:25
  they're taking. I know, I know.
• 27:27
  It's like they're taking so much Bitcoin.
• 27:30
  It's absolutely insane. I know, everyone, hold on that.
• 27:34
  That's a good point. That's a good point.
• 27:35
  We should actually talk, Yeah, they are.
• 27:38
  They are taking a lot of Bitcoin.
• 27:39
  But it's important to like take a look at the like a perspective
• 27:43
  of of, you know, like essentially who's holding what.
• 27:49
  But in the grand scheme of things, guys, this is nothing
• 27:52
  compared to the Hodlers, right? Like the Hodlers own the vast
• 27:59
  majority of Bitcoin. Like these guys don't even come
• 28:02
  close. Like even with the US government
• 28:05
  trying, you Add all of this, right?
• 28:07
  It's a couple million Bitcoin, there's 21 million.
• 28:10
  Where are the rest of that Bitcoin that the rest of that
• 28:13
  Bitcoin, the O GS, right. The exchanges, right,
• 28:16
  individuals. So yeah, I mean we front ran
• 28:19
  Wall Street. We front ran government and the
• 28:22
  US government for some reason keeps selling it to us for for
• 28:25
  for paper money they can print more of right?
• 28:28
  So anyways, I get you bro, I get you.
• 28:31
  But Bitcoin's the money of enemies we have to be OK with,
• 28:35
  you know? I'm totally OK with that.
• 28:36
  But I'm also trying to stay vigilant here.
• 28:40
  You know, Larry Fink is scooping up way too much of Bitcoin.
• 28:43
  It just it makes me uncomfortable.
• 28:45
  But. This is why.
• 28:47
  You know, This is why Bitcoin is the real Occupy Wall Street.
• 28:50
  You know, take stealing a meme from the past.
• 28:53
  As much Bitcoin as they try to scoop up, This is why it's so
• 28:57
  important for everyone to be huddling.
• 28:59
  And again, the numbers there. What is it like 70 to 80% of all
• 29:02
  Bitcoin is being huddled by people that know what's hold,
• 29:04
  what what they're holding. So hey, you know, if if Wall
• 29:07
  Street wants to incentivize you to sell them their Bitcoin, then
• 29:11
  the price is going to have to go up before people start dropping
• 29:15
  Bitcoin. So hey, what a what a time to be
• 29:18
  a bitcoiner. We #frant ran Wall Street and
• 29:24
  and now we're starting to see the world's waking up to it.
• 29:27
  So it's just, hey man, it feels good being a bitcoiner.
• 29:30
  This is why it's always Life is good when the show starts,
• 29:32
  because no matter what's going on in the world, you own Bitcoin
• 29:35
  and you're ahead of the curve. 100 percent, 100%, It's awesome.
• 29:39
  OK, ladies and gentlemen, we have a lot to talk about during
• 29:41
  the news. So started off bullish, started
• 29:44
  off optimistic, but now we got to cover, we got to cover the,
• 29:49
  you know, a quick update on the separation of money and state
• 29:52
  what is currently happening kind of like what the mental
• 29:56
  gymnastics are. A lot of, a lot of people that
• 29:58
  believe in the Fiat system. So we're going to cover that,
• 30:01
  what the consequences are. And remember, you know if you
• 30:06
  had the power of the money printer, you know maybe you have
• 30:09
  a high moral code, right? But a lot of people in power,
• 30:12
  you can't say they have high moral codes, right?
• 30:15
  Would you just give over that power gently?
• 30:18
  No, of course not. Do you think governments are
• 30:20
  gonna just give over that privilege or you think they're
• 30:22
  just gonna say, oh, you know what, there's a better money,
• 30:25
  guys, we're just gonna go gently into that good night.
• 30:27
  That's not gonna happen, right? So there is gonna be a little
• 30:29
  bit of resistance. And that's why it's important
• 30:32
  what Opti was saying, that we, we remain vigilant on what is
• 30:37
  exactly happening. And also we take action.
• 30:41
  And the action that you can take is taking Bitcoin into self
• 30:44
  custody and then spreading the orange gospel, right?
• 30:48
  Going to your friends and family.
• 30:49
  If they don't know how to take self custody, be that Uncle Jim
• 30:52
  and your family be that person, right.
• 30:54
  That shows them the benefits of self custody.
• 30:57
  How to take self custody, right. So this is how we win, ladies
• 31:01
  and gentlemen, winning over the hearts and minds.
• 31:03
  We have to have intransigent minority in the US so that if
• 31:09
  any type of very anti hostile Bitcoin regulation gets
• 31:14
  introduced, it has absolutely no shot of getting past because
• 31:18
  such a large percentage of the population are holding Bitcoin
• 31:22
  themselves, right. We have to get to that point.
• 31:25
  There's gonna be an inevitable clash.
• 31:26
  Governments are not gonna like competition, right?
• 31:28
  You're starting to see inklings of that.
• 31:30
  So we're gonna talk about all that during the new, during the
• 31:32
  news. Let's get to it.
• 31:34
  Here we go. I want to give a shout out to
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• 33:32
  more ladies and gentlemen. So I do the first segment.
• 33:38
  What I'm going to cover is basically the disconnect, the
• 33:43
  disconnect between politicians and also I would only say the
• 33:47
  disconnect. Frankly, I'm just going to be
• 33:49
  blunt. The gaslighting, because that's
• 33:52
  really what it is. And you have to understand that
• 33:56
  this is the separation of money in state, OK?
• 34:00
  And the way that we win, ladies and gentlemen, is by waking up
• 34:04
  people to the truth. OK?
• 34:07
  Don't fall for the left and right, divide and conquer.
• 34:12
  I'm going to vote Donald Trump or I'm going to vote Joe Biden
• 34:15
  to office. I'm not saying voting isn't
• 34:17
  important, but I'm saying the most important vote that you can
• 34:21
  actually make that will actually make a difference is by taking
• 34:25
  Bitcoin into self custody literally.
• 34:27
  Like you could scan the QR code, take you to the Foundation
• 34:29
  Devices website. There's a bunch of other
• 34:32
  hardware wallets too. Obviously we recommend our
• 34:35
  sponsor, but like literally that is the most important vote you
• 34:39
  can make is taking Bitcoin into self custody.
• 34:43
  That is how we're going to effectuate change.
• 34:46
  So I don't care if you ideologically, you know, lean
• 34:50
  left or ideologically lean right.
• 34:52
  I don't. I don't care, right?
• 34:55
  What I care about is, are you on Team Freedom?
• 34:58
  Are you on Team Bitcoin? Are you on Team Optimism, peace,
• 35:01
  prosperity, opportunity for all? Are you on Team Green?
• 35:05
  Team nihilism, Team theft? Team Poverty?
• 35:10
  Team Nihilism? That's really the battle at
• 35:12
  hand. And you have to take action and
• 35:15
  agency, and you have to take this upon yourself.
• 35:18
  It's not as easy as just tuning into simply Bitcoin every single
• 35:21
  day, right? It's you have to go out and tell
• 35:26
  your friends and family around you and you have to tell them
• 35:29
  right, 'cause I'm sure a lot. You see this all the time.
• 35:31
  It's rampant all over YouTube. Like you see a lot of these
• 35:35
  political channels, right? Whether they're on the left and
• 35:39
  the right, and they're just complaining and they're like,
• 35:41
  you know, they're they're they're like they're doing all
• 35:43
  these things. And like, as Bitcoiners, we have
• 35:45
  the solutions to half those problems.
• 35:49
  If you fix the base layer of society, if you fix the money,
• 35:53
  it I truly believe a lot of the world's problems would go away
• 35:57
  and a lot of the people fighting would stop fighting.
• 36:00
  The fighting is caused because people are feeling the pain.
• 36:04
  That's really where it comes from.
• 36:06
  But the way that politics is set up right now is that it's like
• 36:10
  instead of personal, instead of being like dude, it's the money
• 36:13
  printing. What they do is that they blame
• 36:15
  the other political party in power.
• 36:17
  That's what they do. So don't get distracted by that
• 36:21
  and stay on message. Remember Democrat, Republican, I
• 36:24
  don't care. I will vote for you if you are
• 36:27
  going to protect my right this evening, even though I'm going
• 36:30
  to do it anyway. But if you're going to protect
• 36:32
  my right to self custody, if you're going to protect my my,
• 36:36
  you're going to protect me as a bitcoiner.
• 36:38
  You're going to stand up for me as a Bitcoiner.
• 36:40
  If you're a Democrat, Republican, I will vote for you.
• 36:42
  I don't care, right? And wherever you live around the
• 36:45
  world, because I know we have viewers all around the world,
• 36:47
  it's the same thing. Is your politician is the
• 36:51
  politician that's representing you?
• 36:53
  Are they for Bitcoin or the anti Bitcoin?
• 36:55
  If they're anti Bitcoin, they're pro theft.
• 36:58
  If they're anti Bitcoin, they're pro war.
• 37:00
  If they're anti Bitcoin, they're poor, They're they're for
• 37:04
  control, right? That's simple as that.
• 37:06
  This is really not complicated. So anyways, all of that being
• 37:10
  said, let's play you guys this clip a very interesting, let's
• 37:13
  check it out. You're calling for a $50.00 an
• 37:16
  hour federal minimum wage. That's seven times the current
• 37:19
  national minimum wage of 7/25 an hour.
• 37:22
  Can you explain how that would be economically sustainable for
• 37:26
  small businesses? You have 60 seconds.
• 37:29
  First, let me say I owned and ran a small business for 11
• 37:33
  years. I created hundreds of jobs,
• 37:37
  benefits, retirement benefits, also healthcare benefits.
• 37:41
  I know what worker productivity means, and that means that you
• 37:45
  have to make sure that your employees are taken care of and
• 37:48
  have a living wage. In the Bay Area.
• 37:52
  I believe it was the United Way came out with the report that
• 37:56
  very recently 100 and seven, $27,000 for a family of four is
• 38:02
  just barely enough to get by. Another survey very recently,
• 38:07
  104,000 for a family of one, barely enough to get by low
• 38:11
  income because of the affordability crisis.
• 38:14
  And so just do the math. Just do the math.
• 38:17
  Of course we have national minimum wages that we need to
• 38:21
  raise to a living wage. You're talking about $2025.
• 38:24
  Fine. But I have got to be focused on
• 38:26
  what California needs and what the affordability factor is when
• 38:30
  we calculate this wage. OK, OK, so talking about the
• 38:38
  affordability prices, talking about, you know, people can't
• 38:42
  afford stuff and the solution to this is just raising the minimum
• 38:47
  wage like. But the problem is, and this is
• 38:52
  ladies and gentlemen, where we have to wake people up to the
• 38:56
  scam, the racket. Because this is a scam, guys, if
• 39:05
  you use better money, you don't need a raise in minimum wage.
• 39:11
  Everything gets cheaper. Simple as that.
• 39:17
  If you use, if you use sound money, you won't need to.
• 39:21
  It's like that. That isn't even talked about.
• 39:25
  The reason they have to keep on raising wages the way they are
• 39:29
  is because of this, the amount of money that they're printing.
• 39:33
  Check this out. So this is the M2 money supply
• 39:35
  chart by the Fed, right? Take a look at housing prices.
• 39:40
  This is not a coincidence. Why did Why did they just?
• 39:42
  Why didn't just go up? Why'd just go up when they
• 39:45
  printed all that money When they print money?
• 39:48
  It's a wealth redistribution mechanism from the lower and
• 39:52
  middle classes that don't have the means to save an assets back
• 39:57
  to the very wealthy that do have the means to save an assets,
• 40:00
  even though they're not necessarily getting wealthier,
• 40:02
  maybe getting wealthy on paper and back to the government.
• 40:07
  You want to know what the solution is to this problem?
• 40:09
  The affordability crisis. It's the separation of money in
• 40:13
  state. It's getting the state out of
• 40:16
  money. You want to know why things are
• 40:18
  not affordable? It's because of inflation.
• 40:21
  You know who's responsible for inflation?
• 40:24
  Not companies. And remember, Joe Biden Gas lit
• 40:28
  us too. Remember the Super Bowl?
• 40:31
  He took advantage of the Super Bowl to lecture us about how to
• 40:36
  lecture us essentially about how, you know, these Fiat junk
• 40:39
  foods are getting smaller and smaller in their packaging.
• 40:43
  But and they're blaming companies.
• 40:46
  And this lady right now, she's blaming companies.
• 40:49
  She's saying like companies should raise the minimum wage no
• 40:51
  one could afford to live. That is literally caused because
• 40:54
  you guys printed so much money. Government is responsible for
• 40:58
  this. So seeking a solution from the
• 41:02
  people that are responsible, I think it's a bit naive.
• 41:07
  And then not only that, it's not only seeking a solution and
• 41:13
  they're offering a solution, it's that they have the gall to
• 41:17
  gaslight you in the process and basically call you crazy and
• 41:22
  say, hey, listen Turk, Thanksgiving has actually gotten
• 41:26
  cheaper. These companies are the ones
• 41:28
  that are effing you because they're greedy and taking
• 41:31
  profits. It has nothing to do with the
• 41:34
  fact that we're debasing the currency.
• 41:38
  Therefore, it puts, it puts these companies in a position
• 41:42
  where, hey, guess what, now they have to either shrink the
• 41:47
  packaging to keep the prices around the same level so that
• 41:50
  people buy their products. What the F happened in 1971,
• 41:56
  right? It's a very, very important
• 41:58
  question to ask. And again, the numbers show for
• 42:01
  it. The numbers.
• 42:02
  And not only do the numbers show it, ladies and gentlemen,
• 42:05
  because most important, most importantly, you have to focus
• 42:09
  on how they react to it, right? Because if there's a solution to
• 42:17
  this, if there's a solution to the quote UN quote,
• 42:20
  affordability crisis, if you've been saving in Bitcoin five year
• 42:26
  timescale, which is what we recommend, everything has gotten
• 42:30
  cheaper. The dollar, oil, let's go to
• 42:36
  commodities, right? Beef, eggs, remember that's one
• 42:39
  of the talking points that we always hear, right?
• 42:43
  You know we've lowered the price of eggs, right?
• 42:45
  The inflation has gotten lower. Well if you've been saving and
• 42:49
  earning in Bitcoin on a five year scale, things have got in
• 42:54
  the lowest is 79% cheaper. So there's a solution to the
• 42:59
  affordability crisis. However, the solution is a non
• 43:05
  state solution and then we always bring this up, which is
• 43:11
  Bitcoin exposes all incentives. And here's the thing, are these
• 43:16
  politicians really for the people, By the people.
• 43:20
  And Bitcoin has this beautiful thing.
• 43:22
  The beautiful feature that I love, that I hear not that many
• 43:25
  people talk about is that it exposes incentives.
• 43:29
  Now, if it is a solution to the affordability crisis and you can
• 43:33
  make an argument that it's a solution to shrink inflation, if
• 43:37
  it's a solution, you would think, hey wait a second, you
• 43:41
  would think that these politicians would be for it,
• 43:44
  right? That's not at all what is
• 43:47
  happening. Let's take a look at the the
• 43:50
  economic report coming out of the White House.
• 43:53
  Right. This is something that we
• 43:54
  covered when it came out last year, March 21st 2023, since the
• 43:59
  Biden administration took aim at cryptocurrencies in a new report
• 44:01
  arguing that many aspects of the digital asset ecosystem are
• 44:04
  creating issues for consumers, the financial system and the
• 44:07
  environment. The quote Economic Report of the
• 44:10
  President, published on Monday, is an annual publication of the
• 44:14
  Council of Economic Advisors aimed at explaining the
• 44:16
  President's economic priorities and policies.
• 44:19
  The March 2023 issue included an entire chapter on digital assets
• 44:24
  and economic principles. And here's the thing.
• 44:26
  They quote, they quote economic principles, Ladies and
• 44:29
  gentlemen. In those economic principles,
• 44:32
  they make the case for central banking, which is literally what
• 44:37
  caused what she's talking about, The affordability crisis, the
• 44:42
  government debasing the currency.
• 44:43
  OK, but you'd say, Nico, that's just one report.
• 44:46
  You're crazy. Let me introduce you to the
• 44:48
  Elizabeth Warren Warren bill that if passed, these are Pierre
• 44:52
  Richard's words, not mine. Would essentially kill the
• 44:56
  Bitcoin mining industry in the US.
• 44:58
  Not only would it do that, it would also attack self custody.
• 45:03
  Why are they so hell bent on attacking self custody?
• 45:08
  Because then they can't 61O2 order if they get in a pickle.
• 45:12
  So this all like comes into, it all kind of goes around and all
• 45:18
  kind of summarizes itself into Bitcoin has really exposed what
• 45:26
  the state is. And from my perspective,
• 45:32
  unfortunately, right, if you look at Abraham Lincoln's like
• 45:34
  famous, famous speech right, government for the people, by
• 45:39
  the people. Unfortunately, central banking
• 45:42
  since 1913 has frankensteined the government to being a
• 45:48
  government by the government for the government.
• 45:54
  It is not a government by the people, for the people.
• 45:59
  If American cities are falling into decay.
• 46:02
  And this happened yesterday, by the way, in the dead of night.
• 46:05
  And politicians are prioritizing sending $60 billion to fund a
• 46:11
  foreign war and they're prioritizing that rather than,
• 46:15
  you heard her, the affordability crisis.
• 46:20
  I think we need to have a conversation now.
• 46:24
  This is something that was predicted.
• 46:26
  Now this is something that we knew was gonna happen.
• 46:30
  Bitcoiners knew it was gonna happen for a while.
• 46:32
  But this, to give him credit, is a book that the sovereign
• 46:35
  individual, of which Peter Thiel wrote the foreword to it,
• 46:39
  predicted this and the reason it predicted this.
• 46:42
  And it said that the Internet has changed the discussion.
• 46:45
  The Internet has changed everything.
• 46:47
  They call it information technologies.
• 46:50
  And the culture segment will elaborate on that a little bit
• 46:53
  more. But to kind of summarize this
• 46:56
  block up, I do want to read you some of these passages.
• 47:00
  Things will start to make sense a little bit more.
• 47:02
  So it says new technologies will allow the holders of wealth to
• 47:05
  bypass the national monopolies that have issued and regulated
• 47:08
  money in the modern period. Their importance for controlling
• 47:11
  the world's wealth will be transcended by mathematical
• 47:13
  algorithms. They have no physic.
• 47:15
  They have no physical presence. In the new Millennium, cyber
• 47:18
  money controlled by private markets will supersede Fiat
• 47:21
  money issued by governments lacking their accustomed scope
• 47:24
  to tax inflate. Governments, even in
• 47:27
  traditionally civil countries, will turn nasty.
• 47:30
  Businesses that offer offer services that facilitate the
• 47:33
  realization of autonomy by individuals will be subject to
• 47:36
  infiltration, sabotage, and disruption.
• 47:38
  Arbitrary forfeiture of property, already commonplace in
• 47:41
  the United States where it occurs 5000 times a week, will
• 47:43
  become even more pervasive. Governments will violate human
• 47:46
  rights, censor the free flow of information, sabotage, useful
• 47:50
  technologies and worse. This is where we are in the
• 47:53
  movie, ladies and gentlemen. So when you see here the
• 47:56
  gaslighting, they're doing that on purpose.
• 47:58
  They're not naive. This is on purpose.
• 48:02
  And and it's, and I don't blame them, they're protecting their
• 48:06
  Moat. They're protecting that very
• 48:10
  sweet, special privilege that they've had, that they feel that
• 48:14
  they're entitled to. And remember what Hayek said.
• 48:18
  We have found a sly roundabout way of which they cannot ban.
• 48:23
  And because they cannot ban it outright, and we'll get to more
• 48:26
  of that during the culture segment, they have to compete
• 48:30
  with it. And here's the thing, Bitcoin is
• 48:33
  just better. And because it's better, who do
• 48:36
  you think's going to win that competition, right?
• 48:39
  So anyways, this is very exciting times guys.
• 48:42
  Once we get over this bump, once we get over this hill, I'm
• 48:47
  looking, I'm seeing, I'm forcing a freedom renaissance the likes
• 48:51
  of which humanity has never seen before.
• 48:54
  And I'm beyond excited for that because it it's going to be
• 48:59
  another step in in humanity. Just like the separation of
• 49:03
  church and state was a big step, the separation of church, I
• 49:06
  mean, money and state I think is going to be an even bigger step.
• 49:09
  And I think the world's going to be a lot better for it.
• 49:12
  Not only a lot better for it, Not only is it going to have
• 49:15
  more economic opportunities, but also it's going to be a lot more
• 49:18
  peaceful too. Without that money printer, they
• 49:22
  can't keep funding those endless wars.
• 49:23
  They need that money printer to be able to afford those things.
• 49:28
  So anyways, very exciting times. Opti, what's your take on all
• 49:31
  this? Yeah, so let's First of all,
• 49:36
  Mika Jones is so back. Mika Jones is so back.
• 49:39
  They'd love to see it. First of all, let's go back to
• 49:42
  that clip. I don't know who that Lady was
• 49:44
  talking about. A $50 minimum wage.
• 49:47
  But it's very interesting. You know, I say it all the time
• 49:50
  and and we have the meme Bitcoin, that Bitcoin changes
• 49:52
  you. You don't change Bitcoin.
• 49:54
  And before Bitcoin, $50.00, an hour minimum wage like that
• 49:57
  would have sounded like a good idea to me.
• 49:59
  Obviously I wasn't very educated in in Austrian economics.
• 50:03
  I didn't really understand economics.
• 50:04
  And you know, as as an average everyday person, you're like,
• 50:07
  yeah, pay me $50.00 an hour to do my minimum wage job.
• 50:11
  Like that sounds awesome. I I would love more dollars and
• 50:15
  then you know, I found Bitcoin and I learned through a lot of
• 50:19
  study and and just diving into the greats of economics, the
• 50:23
  Austrian economists out there that explain to you the real
• 50:26
  source of the problem. It.
• 50:29
  Dawns on you that a $50 minimum wage would actually cause more
• 50:32
  issues than solutions. And it's very interesting that
• 50:35
  we are in this position right now where you know, all the
• 50:38
  talking heads on corporate press are are just constantly trying
• 50:42
  to gain favor by people that really don't know what's going
• 50:45
  on. And they always just like spew
• 50:46
  out ridiculous quote UN quote solutions.
• 50:49
  And again, you started that rip with like don't fall for the
• 50:52
  division. Guys like this is the important
• 50:53
  part about Bitcoin. Like Bitcoin is a political
• 50:56
  money. It is the separation of money
• 50:58
  from state. It's Bitcoin versus Fiat.
• 51:01
  It's not, you know, Democrat, Republican, or whatever your
• 51:04
  political affiliation of choice is.
• 51:07
  Anyone can adopt Bitcoin. Bitcoin is neutral money, and
• 51:11
  this is a feature. Anyone can use it.
• 51:14
  And this is the beauty of Bitcoin, is that it is just a
• 51:18
  neutral money that sits out there, that no one can control,
• 51:21
  that no one can manipulate. And that in turn, like Niko was
• 51:25
  saying, will improve society as a whole.
• 51:28
  Especially when you're able to, you know, eliminate the parasite
• 51:31
  or the Leech that's funneling off value to themselves.
• 51:35
  What do you think is going to happen to society when people
• 51:37
  are able able to retain as much of their value that they create
• 51:41
  as possible? You will see that individuals
• 51:44
  not only will mentally free themselves, but financially free
• 51:47
  themselves and start creating the things that they want to see
• 51:49
  in the world. And society will improve in the
• 51:52
  last 100 years since the Federal Reserve was created, since we've
• 51:55
  basically gone on a paper money standard, it's very you can make
• 52:01
  a very compelling case that society is starting to
• 52:03
  degradate, that is starting to devolve.
• 52:06
  And I would argue it is because the money.
• 52:08
  That's why bit corners always say fix the money, fix the
• 52:11
  world. So as much of the idea sounding
• 52:15
  good that Oh yeah, let's raise 50 minimum wage to $50.00 an
• 52:19
  hour. Obviously an average person that
• 52:21
  is stuck in the hamster wheel, stuck in the rat race like of
• 52:24
  course this sounds good. It sounds like, yeah, I would
• 52:28
  love to have more money, but if you don't understand the the
• 52:31
  mechanism playing out right now, that would actually hurt you
• 52:34
  more and you would essentially never make it out of the rat
• 52:38
  race, even though you are making more dollars because they would
• 52:40
  essentially just be inflating the money supply.
• 52:43
  Like, where is this money going to come from?
• 52:44
  And not only that, she started that rant with like, I once
• 52:48
  owned a small business, like how are these small businesses going
• 52:52
  to be able to pay for this? There'd be no more small
• 52:54
  businesses left and there'd only be the huge corporation in the
• 52:58
  world. So it's very interesting that
• 53:00
  the very people that they are trying to angle this message
• 53:05
  towards would get hurt the most in this process.
• 53:09
  And of course they never talk about this, they never talk
• 53:11
  about the 2nd order effects of printing money, of price fixing,
• 53:16
  and it essentially would hurt you, the individual.
• 53:19
  And This is why we always say opt out of this.
• 53:21
  You do not want to use a money that another man or a woman can
• 53:25
  create out of thin air, and that's what Bitcoin is.
• 53:28
  And so you need to protect yourself because these
• 53:30
  politicians out here again, you know, I said it yesterday, a guy
• 53:34
  talking about the Roman Empire, but we are at the point of a
• 53:38
  declining empire where the politicians and now the bankers
• 53:42
  are just trying to steal as much as possible, as quickly as
• 53:46
  possible before the population wakes up to what is actually
• 53:50
  happening. And This is why we tell you that
• 53:52
  you need to take some personal responsibility.
• 53:56
  You need to take some initiative and you need to save in Bitcoin
• 54:00
  or else you're really going to be in a world of pain.
• 54:03
  And you know, unfortunately, I don't want to see that.
• 54:06
  But again, I can't force you to save Bitcoin.
• 54:09
  We just do our best to either emotionally or logically hook
• 54:12
  you into the idea that you want to use a money that cannot be
• 54:16
  debased. It's a very simple idea, like,
• 54:18
  we don't have to complicate this.
• 54:19
  You just need to save in something that cannot be stolen
• 54:22
  from you, AKA Bitcoin. Exactly.
• 54:24
  Don't, don't middle of of the of the bell curve.
• 54:27
  It like it's really not that complicated.
• 54:31
  Ladies and gentlemen, it's really not that complicated
• 54:34
  anyways. So guys, let's get to the
• 54:39
  culture. We have a lot to talk about
• 54:40
  still. But before we do that, I do want
• 54:44
  to give a very, very special shout out to our sponsor.
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  to the culture. We have a lot to talk about
• 55:46
  today. Let's check it out.
• 55:47
  Here we go. The Daily Culture.
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  No more delay. We have a lot to talk about in
• 57:01
  terms of culture. Let's get to it.
• 57:04
  So let's start off with this first.
• 57:07
  This is something that came out of the United Kingdom.
• 57:10
  So not only are they attacking self custody here in the US,
• 57:15
  this is happening you know on a on a world at a worldwide level,
• 57:19
  right, specifically in the countries that have very, very,
• 57:24
  very powerful Fiat currency. So those governments, they're
• 57:28
  protecting their Moat. We just talked about it, right.
• 57:31
  So this is coming out of the UK. This is confirmed by the way.
• 57:34
  So this is an e-mail that Kraken in the UK was sending, sending
• 57:39
  everyone. By the way, this is coming to
• 57:40
  the US like make no mistake, they're going to try to do this.
• 57:44
  The Elizabeth Warren Bill is actually already talking about
• 57:48
  it address a major gap with respect to quote unhosted
• 57:51
  digital wallets, meaning wallets of which you have the keys to
• 57:55
  and the government doesn't have the keys to anyways.
• 57:58
  Regulation in the UK require that we maintain up to date
• 58:02
  information about our clients and their account activity
• 58:05
  regarding self custody wallets. A self custody wallet is 1 where
• 58:09
  you manage your private keys yourself, for example a hardware
• 58:13
  wallet. After you reply or so, you have
• 58:16
  to confirm that you own or in control of the self custody
• 58:19
  wallet that you're sending or receiving from.
• 58:21
  If you do not own or control the self custodial wallets that
• 58:25
  you're sending and receiving from, please detail which
• 58:28
  addresses these are and who the owner and controller is and
• 58:32
  provide their residential address.
• 58:33
  It's very similar to what happened in the US, right?
• 58:36
  If you send more than $10,000 or the equivalent of $10,000, you
• 58:41
  have to literally send that person's name, address and
• 58:45
  Social Security number to the IRS, right?
• 58:48
  So same thing. Now Beauty On had a great take.
• 58:51
  Beauty on is the founder of this amazing Bitcoin company called a
• 58:55
  Stecco. And what a Stecco allows you to
• 58:58
  do is it allows you to by purchasing vouchers, it allows
• 59:02
  you to stack non KYC Bitcoin. And he provided a historical
• 59:07
  example and I did a little bit of research myself.
• 59:09
  So in the 1990s, the French government, and this is, goes
• 59:13
  back to a point that I was making in the beginning of the
• 59:16
  show, that governments like, you know, like the church back in
• 59:22
  the day, they will try to stop the transition into the
• 59:26
  information age. They will try it.
• 59:29
  They will do whatever it takes. Right.
• 59:32
  There's a great, there's a great quote by Naimbu Kele just to
• 59:37
  kind of give you an idea of what they're willing to do.
• 59:39
  Right. They're willing to fight, lie,
• 59:42
  smear, destroy, censor, confiscate, print and do
• 59:44
  whatever it takes to maintain and increase their control over
• 59:47
  the truth and everything and everyone.
• 59:49
  Just to kind of give you an idea that's not Nico's words.
• 59:51
  That is the president of El Salvador, Naimbu Kele.
• 59:54
  So anyways goes on to say this is beauty on.
• 59:56
  In the 1990s the French government tried to mandate that
• 59:59
  everyone using PGP store a copy of their secret key with a
• 1:00:03
  government department when they discovered that SSL worked with
• 1:00:06
  key pairs and that they would not be able to.
• 1:00:10
  This is a French fight to Le Comos Ellotic without
• 1:00:14
  dynamically creating an unregulated SSL certificates on
• 1:00:18
  demand. The proposal was dropped.
• 1:00:20
  The same thing will be true for Bitcoin in the end.
• 1:00:23
  When everyone on earth is using Bitcoin and a billion people are
• 1:00:27
  on samurai wallet, no government that wants to avoid public
• 1:00:32
  humiliation will mandate that Bitcoin wallet users register
• 1:00:36
  with the government. Most bitcoiners know nothing
• 1:00:39
  about the history of public key cryptography, the laws the state
• 1:00:43
  attempted to pass to control it, and how all of this applies
• 1:00:47
  directly to Bitcoin and all they know about is number go up,
• 1:00:51
  right, Right. It's it's important guys.
• 1:00:53
  We talked a lot about number go up.
• 1:00:55
  But remember, this is the separation of money in state.
• 1:00:57
  So during the culture segment, I do want to talk about this.
• 1:01:00
  I do want to talk a little bit about the history of government,
• 1:01:04
  specifically here in the US fighting the ability for the
• 1:01:08
  public. I'll I'll read you the Wikipedia
• 1:01:11
  summary because I think it describes it best.
• 1:01:14
  It's basically attempts by the government.
• 1:01:17
  These are so-called the crypto wars.
• 1:01:19
  Not crypto as in cryptocurrency, but crypto as in cryptography.
• 1:01:23
  So it's an attempt unofficially dubbed the Crypto Wars have been
• 1:01:29
  made by the United States and allied governments to limit the
• 1:01:32
  public's and foreign nationals, the foreign nations, access to
• 1:01:37
  cryptography strong enough to thwart decryption by national
• 1:01:41
  intelligence agencies, especially the NSA.
• 1:01:45
  And remember, ladies and gentlemen, remember Barack
• 1:01:48
  Obama, We played you that video, right, a couple days ago where
• 1:01:52
  he's literally saying, you know, the world would basically go to
• 1:01:55
  shit if everyone had a Swiss bank account in their pocket and
• 1:01:58
  we, the government, couldn't have access to it.
• 1:02:01
  Well, let's take a look at that, right.
• 1:02:04
  Let's take a look at that. So this is Tucker, right?
• 1:02:07
  And we talked a lot about Tucker.
• 1:02:09
  And a lot of people, maybe they took it personally because they
• 1:02:12
  don't like the guy, they don't like Putin, They don't like the
• 1:02:14
  interview that he conducted. But this is a tweet that I said
• 1:02:18
  a couple days ago before I play you guys.
• 1:02:20
  That video. And I said Tucker's interview
• 1:02:23
  represents the beginning of a future where individuals decide
• 1:02:26
  what to believe and not governments.
• 1:02:29
  And then someone got mad and they said, you know, they he
• 1:02:32
  interviewed Tucker and he interviewed Putin.
• 1:02:33
  And Putin's a bad guy. Hey, listen, Putin's a trained
• 1:02:36
  KGB agent. I don't believe what the guy has
• 1:02:38
  to say. But if that's what your focus
• 1:02:40
  on, you're missing the point. The historical significance of
• 1:02:43
  this event lies in the fact that the interview happened in the
• 1:02:46
  1st place and was distributed on such a large scale, thereby
• 1:02:51
  circumventing the traditional gatekeepers of information, not
• 1:02:54
  the substance of the interview. That was the historic event.
• 1:02:58
  Because essentially what governments would like you to
• 1:03:00
  believe, what Barack Obama would like you to believe, is that
• 1:03:03
  they are not going to use these so-called back doors against
• 1:03:09
  you. Now don't believe me?
• 1:03:12
  I read you a phrase from the from Naimbu Kele.
• 1:03:16
  Now hear from Tucker. I'll start in reverse order.
• 1:03:20
  Why now? Well, I've been trying for three
• 1:03:22
  years to do this interview. The US government prevented me
• 1:03:26
  from doing it by spying on my text messages and leaking them
• 1:03:30
  to the New York Times, and that Spooks the Russian government
• 1:03:33
  into cancelling the interview. So I've been trying to do this,
• 1:03:37
  but my country's Intel services were working against me
• 1:03:41
  illegally, and that enraged me. Because I'm an American citizen.
• 1:03:45
  I'm 54. I pay my taxes.
• 1:03:46
  I obey the law. And there was no expectation in
• 1:03:49
  the America that I grew up in that my government and its Intel
• 1:03:53
  services, NSA and CIA, which were always outwardly focused on
• 1:03:57
  our foreign enemies, would be turned inward against American
• 1:04:01
  citizens. And I'm, I mean, right, Like and
• 1:04:07
  then kind of making full circle, right?
• 1:04:10
  Because you could say OK, but Nico, they're entitled.
• 1:04:13
  No, no. This is literally enshrined in
• 1:04:16
  the constitution and you tell me if spying on text messages of
• 1:04:21
  citizens. Remember there's freedom of
• 1:04:22
  speech right. If requiring you to so-called
• 1:04:26
  register you know your Bitcoin addresses or it's basically
• 1:04:31
  saying that self custody is illegal.
• 1:04:35
  Tell me if you believe this might go against the 4th
• 1:04:39
  amendment. I'm gonna read it to you guys
• 1:04:40
  and you let me know what you think in the comments.
• 1:04:43
  The 4th Amendment to the United States Constitution is part of
• 1:04:46
  the Bill of Rights. It prohibits unreasonable
• 1:04:50
  searches and seizures and sets requirements for issuing
• 1:04:54
  warrants. Right.
• 1:04:56
  And then you'd be thinking like Nikko, like, yeah, that's
• 1:04:59
  totally unreasonable. Why is this happening?
• 1:05:02
  Well, to go back to the sovereign individual, lacking
• 1:05:06
  their custom scope to tax, inflate and inflate, governments
• 1:05:10
  even in traditionally civil countries, will turn nasty.
• 1:05:13
  This is why this is happening. The the Internet has
• 1:05:17
  disintermediated money, but it is also disintermediated
• 1:05:22
  information, and we're all living in the chaos of it right
• 1:05:26
  now. And what you can do as a
• 1:05:28
  sovereign individual, what you can do as a bitcoiner, is
• 1:05:31
  empower yourself. Do your own research.
• 1:05:35
  Don't rely on a single point of information.
• 1:05:39
  Don't rely on, you know, a single wallet.
• 1:05:45
  Don't rely on what people are telling you.
• 1:05:48
  Do your own research. Don't rely on the government's
• 1:05:51
  money. Choose what money you want to
• 1:05:54
  use. Obviously we recommend Bitcoin.
• 1:05:56
  Clearly it's the best money, but don't believe me?
• 1:05:59
  Verify it yourself, right? Stop trusting other people.
• 1:06:03
  Especially when you have the capability, you have the tools
• 1:06:07
  in order to empower yourself to do your own research and to self
• 1:06:11
  custody, your money as well, right?
• 1:06:13
  So this is an inflection point in human history and it's
• 1:06:16
  incredibly exciting because I'm telling you, it's going to
• 1:06:20
  change absolutely everything. Now, the last thing we want to
• 1:06:24
  happen is for people to get left behind, right?
• 1:06:28
  I don't want that to happen. I don't want that to happen to
• 1:06:30
  my family. I don't want that to happen to
• 1:06:32
  my friends. So I fight every single day to
• 1:06:36
  inform the people around me and to tell them about the tools
• 1:06:39
  that they can use to empower their to empower themselves,
• 1:06:44
  right. So anyways, Opti, what's your
• 1:06:46
  take on this? Yeah, so I mean, first of all,
• 1:06:51
  that cracking news like what they're trying to KYC your
• 1:06:55
  private keys like the UK is crazy.
• 1:06:58
  What is going on? That's absolutely insane.
• 1:07:01
  I mean, we know that this was going to happen, but when they
• 1:07:05
  actually roll it out, it just makes me wonder like how that
• 1:07:08
  you can enforce this. But anyway, that's that's
• 1:07:10
  totally other conversation. I mean that's the whole point of
• 1:07:12
  that's what that's what beauty on was saying exactly.
• 1:07:14
  It's unenforceable. It's unenforceable.
• 1:07:17
  They're they're they're fighting an uphill battle.
• 1:07:19
  But at the same time, it's like what they're trying to enforce
• 1:07:22
  itself is like, so it's so anti American opti me and you are
• 1:07:27
  immigrants dude, this wasn't the country we were sold on.
• 1:07:30
  The land of the free my ass. This isn't this.
• 1:07:34
  Like what is this shit? This is crazy but connected with
• 1:07:37
  what I was saying during the news segment.
• 1:07:39
  It's like they're acting like this because they're desperate
• 1:07:43
  to protect the privilege of the money printer.
• 1:07:45
  That's literally what they're trying to do.
• 1:07:47
  Exactly. And that's where I was going.
• 1:07:49
  Like, we know that the powers that be will try whatever they
• 1:07:52
  can to stop Bitcoin, and we all know we covered it last year in
• 1:07:56
  detail. Like I don't know every other
• 1:07:58
  couple of weeks that the on and off ramps are the choke point.
• 1:08:01
  And remember Operation Choke .2 point O we know that they were
• 1:08:05
  going to try to attack the exchanges.
• 1:08:07
  Whether that means making them go through unnecessary loopholes
• 1:08:10
  or trying to KYC everything coming from the exchanges or
• 1:08:14
  outright just trying to ban Bitcoin yet, we're not there
• 1:08:17
  yet. But this is how they do that.
• 1:08:19
  Sly, roundabout ways in quotes to try to hamper Bitcoin.
• 1:08:24
  And man, This is why we tell you every single day that take
• 1:08:28
  custody of your Bitcoin. Holding Bitcoin directly is the
• 1:08:32
  revolution. This is why in the beginning of
• 1:08:34
  the show I was kind of saying you know the all the Bitcoin
• 1:08:37
  flowing into a spot Bitcoin ETF starts to make me feel uneasy is
• 1:08:41
  because I am a die hard monetary maximalist.
• 1:08:45
  I am a die hard self custody maximalist.
• 1:08:48
  I think holding Bitcoin directly is the safest way to interact
• 1:08:52
  with your money moving forward in digital age.
• 1:08:55
  And the fact that they're trying to stop you from custodying your
• 1:08:58
  Bitcoin, or rather tag and bag you your UTXOS and and your
• 1:09:02
  control of your Bitcoin just goes to show how powerful it is.
• 1:09:05
  And this is them trying to stop it.
• 1:09:07
  You know, take custody of your Bitcoin.
• 1:09:09
  It's not illegal yet though we know that they will try to stop
• 1:09:13
  Bitcoin. Remember, I jokingly and
• 1:09:15
  sarcastically say that Brad Sherman and Elizabeth Warren are
• 1:09:19
  my favorite politicians because they say the quiet parts out
• 1:09:22
  loud and they are active, actively afraid of you taking
• 1:09:26
  custody of your Bitcoin. And it's absolutely ridiculous.
• 1:09:29
  Like, what are they going to do? Outlaw 12 words?
• 1:09:32
  Like it's literally words. They can't stop Bitcoin.
• 1:09:35
  It's literally, it's nothing but ones and zeros and letters.
• 1:09:39
  It's words like they can't stop the human language.
• 1:09:42
  Do you blame them? Like no, of course they don't
• 1:09:44
  know that, dude. They've been used to this God
• 1:09:46
  like power of of having that type of control over other human
• 1:09:50
  beings. Like like it doesn't surprise me
• 1:09:53
  whatsoever that they're attempting to you know to to to
• 1:09:57
  try to be like you know what like no, like we could still do
• 1:10:00
  this right. That's the pill that they're
• 1:10:03
  gonna swallow and they're gonna hate it like they're gonna
• 1:10:05
  they're gonna, you know in the sovereign individual and I think
• 1:10:08
  Svetsky caused the the laggards, right.
• 1:10:11
  Something like that, right? Like, yeah, the world is
• 1:10:14
  changing, guys, and you can't stop it, like the famous quote.
• 1:10:18
  Or is you can't stop an idea whose time has come.
• 1:10:22
  It's here, right? You can't stop this thing.
• 1:10:24
  You either get on the train and change with the times or you get
• 1:10:28
  left behind. This is the equivalent of saying
• 1:10:32
  that you're not gonna use a smartphone today, right?
• 1:10:35
  Like, it's the same thing. Like if you told me that back in
• 1:10:38
  the 90s, like, you know what, in in 20 years, if I knew that the
• 1:10:42
  smartphone existed, I'm gonna stick to my landline, right?
• 1:10:45
  Like, it's the same thing, like move with the times.
• 1:10:48
  And The thing is guys, like not everyone is capable of that.
• 1:10:53
  So that's where your role comes in as as an individual, you have
• 1:10:58
  to help your friends and family. They're not as awakened as you
• 1:11:01
  are, right? They're not watching simply
• 1:11:03
  Bitcoin every day. Right, they should be.
• 1:11:05
  That they should be, but they're not tuning into the show.
• 1:11:08
  So because they're not tuning into the show, I mean, like guys
• 1:11:12
  play that role, be that Uncle Jim, right?
• 1:11:15
  Anyways, optium, sorry to interrupt you.
• 1:11:18
  No, no, no, you. We pretty much covered it like
• 1:11:20
  guys, they can't stop the English language, or rather,
• 1:11:24
  they can't stop language in general.
• 1:11:26
  Bitcoin is literally just ones and zeros and words.
• 1:11:29
  So the fact that they're that terrified about, you know, 12
• 1:11:33
  words just goes to show that, one, they fundamentally don't
• 1:11:37
  understand Bitcoin, and two, it's going to be absolutely
• 1:11:40
  impossible for them to stop this.
• 1:11:42
  They will try. But This is why we tell you guys
• 1:11:46
  to take Bitcoin into custody, be a part of the parallel Bitcoin
• 1:11:50
  economy. You know, hold Bitcoin directly.
• 1:11:53
  It is not your Bitcoin if you don't own the keys and like you
• 1:11:57
  mentioned, you know shouts at the beauty on.
• 1:11:59
  I know everyone in the chat's probably blocked by beauty on
• 1:12:01
  but he's one of my favorite Twitter follows and and you know
• 1:12:05
  we we have a precedent for this the the crypto wars of the 90s.
• 1:12:10
  It just goes to show that this is a futile attempt from
• 1:12:13
  politicians and hence why it's so important to stay village
• 1:12:17
  vigilant. Even though we all get excited
• 1:12:19
  about number go up remember why we are here.
• 1:12:22
  The why is the most important aspect about Bitcoin.
• 1:12:25
  Yes, you know, getting fabulously wealthy is is a perk
• 1:12:29
  and a positive, but taking the money printer out of their hand
• 1:12:33
  is the most important thing moving forward.
• 1:12:35
  Having a hard cap, money having, moving the world towards a hard
• 1:12:39
  money standard is how we get back to a more prosperous
• 1:12:42
  future. And that's why we're here.
• 1:12:44
  You know, I don't have kids yet. Nico's about to have his first
• 1:12:46
  child, but the whole goal here is to pass on a better world
• 1:12:51
  than the one we left. I remember growing up in a world
• 1:12:54
  where that was like the the standard status quo line, like
• 1:12:57
  make sure you leave the world better than when you left.
• 1:13:00
  And here we are, having seen politicians.
• 1:13:02
  And again, I don't mean to disparage the boomers out there,
• 1:13:05
  but a small cabal of boomers out here.
• 1:13:08
  They're like, let's just fleece the world for as much as
• 1:13:10
  possible, get our kicks on Route 66 and, you know, F them Gen.
• 1:13:13
  Z and millennials, like, they're entitled.
• 1:13:17
  You should just work harder. I used to live off one, work one
• 1:13:20
  job. And you know, and they they,
• 1:13:22
  they don't really get into the economics of the situation that
• 1:13:25
  for most people it is a hopeless and futile future because they
• 1:13:30
  are on the Fiat standard. And This is why we do what we do
• 1:13:34
  and we try to find different angles to explain to people
• 1:13:38
  whether it's through a logical route, whether through an
• 1:13:40
  emotional route so that they realize what the game is.
• 1:13:43
  You are getting fleeced again. Let me full screen this.
• 1:13:47
  You are getting stolen from and you don't understand the
• 1:13:51
  mechanism and it is because of the Fiat money and they will do
• 1:13:54
  anything they can to stop Bitcoin.
• 1:13:57
  Amen. I mean bro, give yourself some
• 1:13:59
  bars. Listen guys, thank you so much
• 1:14:03
  for tuning in to another episode of Simply Bitcoin Live.
• 1:14:07
  I hope you guys enjoyed the Valentine's Day special.
• 1:14:11
  We covered a lot on today's episode.
• 1:14:13
  Hope you guys enjoyed it. I'm your host Nico.
• 1:14:15
  This is my legendary Co host Opti.
• 1:14:18
  We love you guys. Smash the like button.
• 1:14:20
  If you guys enjoyed the show really helps with the algos.
• 1:14:22
  Consider subscribing If you feel like we provided you value.
• 1:14:25
  We'll be back tomorrow for Thursday's episode.
• 1:14:27
  Episode. Yeah, another episode of Simply
• 1:14:30
  Bitcoin Live. Peace out, everybody.
• 1:14:31
  Take care and enjoy Valentine's Day if you have a girlfriend.
• 1:14:35
  Don't worry though, it's bull market next year.
• 1:14:38
  You will probably have a girlfriend by next.
• 1:14:39
  Year. This time next year, you'll have
• 1:14:41
  a girl.