Latest / Simply Bitcoin / MicroStrategy's Latest $2B Buy Will DESTROY Short Sellers!! | EP 1155

Transcript

MicroStrategy's Latest $2B Buy Will DESTROY Short Sellers!! | EP 1155 · Simply Bitcoin

• 0:00
  Yo, the short interest on MSTR just reached an all time high of
• 0:05
  $10 billion. But this isn't stopping their
• 0:08
  Bitcoin playbook as the company just announced another $2
• 0:12
  billion buy this week. Rather, yesterday we covered
• 0:15
  that on yesterday's news story. Will Microstrategy's new $2
• 0:18
  billion buy blow up the parabolic number of
• 0:22
  MicroStrategy shorts? That's what we're seeing in the
• 0:25
  market is they're building. It's literally going parabolic.
• 0:28
  MSTR is still down by over 40% from its local all time high,
• 0:32
  but this doesn't seem to be slowing down their exponential
• 0:35
  Bitcoin accumulation plan. Today we're going to be talking
• 0:38
  about what happens if MicroStrategy does blow up this
• 0:41
  increasing number of shorts and what impact that might have on
• 0:44
  the price of Bitcoin and MSTR. If these shorts do get wrecked.
• 0:49
  Will this accelerate the MSTR flywheel slash feedback loop?
• 0:53
  No one knows. We are watching it just as you
• 0:56
  guys are. So let's get into some of this
• 0:59
  news story and then we will dive into it with our guest and of
• 1:04
  course our fearless Co host. So I'm not alone guys, we got
• 1:08
  Bram. I'm going to butcher your last
• 1:10
  name, Brother Canstein. Right?
• 1:13
  Well done. Well, let's go.
• 1:14
  OK, A fellow Bitcoin content creator and of course, our
• 1:17
  fearless leader, Nico, he's also still dealing with that throat
• 1:21
  thing we were talking about yesterday and coughing.
• 1:23
  So keep yourself muted, Nico. And we're, we're going to keep
• 1:26
  the show going. You already know the deal.
• 1:28
  The show goes on, Nico, mute yourself.
• 1:30
  Geez, OK, OK, all right, so let's start with this guys.
• 1:34
  We covered this on yesterday's news story.
• 1:36
  You know, we we talked about Sailor just continuing to double
• 1:39
  down, buying Bitcoin, opening up micro strategy for new markets.
• 1:43
  And as we covered yesterday, he acquired another thousand
• 1:47
  Bitcoin and he's now got a total of 447,470 Bitcoin.
• 1:54
  Now, of course, you guys been trolling us.
• 1:57
  Is this simply Bitcoin turning into simply Sailor?
• 1:59
  Well, guys, Micro Sailor, MicroStrategy has been putting
• 2:03
  on a master class for corporate America and every CEO out there
• 2:07
  and he's getting a lot of attention from mainstream and of
• 2:10
  course from the bears. I mean, look at the
• 2:12
  MicroStrategy chart. It's literally looks like it's
• 2:16
  going parabolic here. You can see this.
• 2:18
  Of course, we've been covering this all of last year.
• 2:21
  They finally got past the 2000.com bubble and, and for a
• 2:25
  lot of people right now it looks like it's in another bubble.
• 2:28
  Well, if you don't understand what sailors doing, if you don't
• 2:32
  understand Bitcoin, you don't understand all the convertible
• 2:35
  bonds he's creating, then maybe you think that yes, this is a
• 2:40
  bubble, you know, tulips bubble, etcetera, etcetera, etcetera.
• 2:43
  And it hey man, the price is going up.
• 2:45
  It it damn near looks parabolic as well.
• 2:48
  Now going into today's news story, you can see that there is
• 2:53
  a record high of MicroStrategy short interest.
• 2:56
  And it's, it's absolutely crazy. So it's at $9.72 billion of
• 3:01
  volume for shorts. And you can see here on the
• 3:03
  chart the short interest over time.
• 3:06
  It is, it's looking like it's going parabolic here.
• 3:10
  And there's been a lot of talk on Twitter about the shorting.
• 3:13
  You know, there's a famous tweet right now or infamous tweet
• 3:16
  right now from Martin Shkreli, the, the tech bro out there, the
• 3:19
  villain tech bro, He's got a huge short.
• 3:22
  He's saying, like, I'm good, man, I'm OK with this, but what
• 3:26
  does this do for the Bitcoin price?
• 3:28
  This is simply Bitcoin after all.
• 3:29
  We're not here just pumping MicroStrategy.
• 3:32
  Obviously, we've been trolling the last couple of weeks at man,
• 3:34
  we really wish we just bought, you know, bought all of our
• 3:37
  stack in MSTR. We'd be a hell of a lot richer
• 3:40
  at this point. But for the basic mechanics
• 3:43
  here, the higher MSTR pumps, the more shares that MSTR
• 3:47
  MicroStrategy issues. And then of course, the more
• 3:50
  shares they issue, the more Bitcoin sailor buys and he's
• 3:53
  just doing this flywheel over and over and over.
• 3:56
  And then plus as the higher the MSTR market cap goes, the bigger
• 4:01
  percentage of the NASDAQ QQQ inflows MicroStrategy gets,
• 4:05
  which means soon everyone will essentially be buying Bitcoin
• 4:09
  through MicroStrategy indirectly pumping the Bitcoin price.
• 4:13
  So it is a symbiotic relationship here guys, as much
• 4:17
  as we are Bitcoin Maxis, as much as we're like just by spot
• 4:21
  Bitcoin, there is very, very interesting things going on with
• 4:24
  micro strategies. Now as a Bitcoiner, rather
• 4:27
  someone trying to just understand the market dynamics
• 4:30
  going on, what are the reasons for these shorts?
• 4:32
  Well, obviously I think there's two reasons right now.
• 4:35
  One, the bears are just shorting MSTR because of a ridiculous
• 4:39
  2024 rally. I think that might be the
• 4:41
  majority of the shares going on. If you want to have a more, you
• 4:44
  know, bearish case on what's going on with micro strategy,
• 4:47
  you're kind of looking at market sentiment.
• 4:49
  You see a lot of haters out there for lack of better terms.
• 4:51
  They're like, no, this is going to blow up.
• 4:53
  Michael Saylor is crazy. He's insane.
• 4:56
  What is he doing? He's just buying Bitcoin.
• 4:58
  What's the company even do? And yes, he's just buying a
• 5:01
  bunch of Bitcoin, turning a zombie company into a Bitcoin
• 5:05
  company. Or the more conservative take
• 5:07
  here might be that some of the people are hedging themselves in
• 5:11
  a more conservative play against the growing bond creation of
• 5:14
  MSTR. Obviously, they probably hold
• 5:16
  some MSTR and they're like, hey, well maybe if the price does go
• 5:20
  down, I'm going to hedge against that and buy some shorts.
• 5:23
  So there is some interesting stuff going on here with
• 5:26
  MicroStrategy. Now the other story that I find
• 5:29
  very interesting with what Michael Saylor has been doing in
• 5:33
  this MicroStrategy convertible bond play we've been seeing play
• 5:37
  out the last couple of months is remember Sailors been or rather
• 5:42
  Sailor planned on what we've seen him do in the last three
• 5:46
  months to take three years now. Why is Sailor essentially
• 5:50
  pushing up the timeline? It looks like he himself,
• 5:53
  himself is following into Bitcoin again.
• 5:55
  He has shortened a three-year plan into three months.
• 5:59
  And it looks like he's doing all of this as we start to see Trump
• 6:04
  take office, you know, in the next what, 13 days or so.
• 6:08
  So what does he know? Does he know an SPR is coming?
• 6:12
  Does he? Is he just foreseeing an
• 6:14
  incredible price increase? Obviously, we're not mind
• 6:18
  readers. We're just looking at the market
• 6:19
  and wondering what's going on, wondering maybe he does know
• 6:22
  some things that we don't understand yet.
• 6:24
  But it looks like there is an incredible amount of short
• 6:28
  interest on MSTR and can micro strategy just blow this up?
• 6:33
  If he does blow this up, we will see an incredible $10 billion
• 6:38
  short squeeze as the MSTR price continues to go up.
• 6:41
  Things are starting to get really interesting going into
• 6:44
  2025. Not only is the Bitcoin price
• 6:46
  going to go up, but I think Sailor might get even more
• 6:49
  vindication in 2025 with the MSTR.
• 6:52
  Literally Sailor is is putting on a master class and
• 6:56
  trailblazing for different ways of trad FI to get onto the
• 7:02
  Bitcoin standards for companies and CEOs to enter into Bitcoin.
• 7:06
  And I think very soon we're going to see a lot of tech CEOs,
• 7:11
  top CEO's, pension funds, etcetera, start to get some
• 7:16
  interest in MSR, start to follow suit.
• 7:19
  Things are getting very interesting, not only on the SBR
• 7:22
  level, but on the company corporate level and of course,
• 7:25
  the institutional adoption that we think is coming in 2025.
• 7:28
  It's it feels, it's starting to feel like that what we've been
• 7:31
  saying for a while. 2025 is going to be a crazy, crazy year
• 7:35
  in terms of price. Of course, we got to stay
• 7:38
  vigilant. Make sure you're taking your
• 7:39
  Bitcoin into custody, make sure you're running nodes out there.
• 7:41
  This is simply Bitcoin after all.
• 7:44
  Now I ranted enough this morning already.
• 7:47
  I'm I'm a starting strong. I'm geeked up on caffeine and
• 7:50
  nicotine. So I'm gonna pass it over to
• 7:51
  Bram because we got to give Nico a little little moment to heal
• 7:55
  that throat. Get a throat lozenger in there.
• 7:57
  But Bram, good morning. Thanks for coming on.
• 8:00
  And what's your thoughts on all this micro strategy news?
• 8:03
  And, and are are you, are you being bearish or bullish on the
• 8:06
  MSTR stock? No, I'm super bullish.
• 8:10
  I I love the energy. I love this.
• 8:12
  I love this intro dude. You know what it's so fun.
• 8:15
  Like so much stuff can happen in Bitcoin.
• 8:18
  Each week. There is something where I'm I'm
• 8:22
  triggered again to learn more, dive into and I I don't remember
• 8:28
  when, but I think it was like four or five weeks ago only I
• 8:31
  really got like MicroStrategy built took me three videos, I
• 8:37
  think, and and some tweets by Ben Workman's a shout out to Ben
• 8:41
  Workman. One of the the the I think they
• 8:43
  called himself the, the quant. What is that kid analysts or
• 8:47
  something like that? When when Ben said you have to
• 8:52
  look at micro strategy as like a business model pivot.
• 8:54
  That's when I realized that, you know, Sailor started with kind
• 8:59
  of like a company that was on its way out.
• 9:03
  He had this 500 million in cash, you know, this this story is
• 9:06
  known. Eventually he was looking for a
• 9:07
  way to protect that ended up going from a skeptic to, you
• 9:12
  know, a bitcoiner using it to as a treasury for his company.
• 9:18
  And then slowly he figured out like, hey, I can, I can buy
• 9:22
  more. I can leverage this.
• 9:23
  I can use these like classic tratify instruments to to get
• 9:29
  more Bitcoin. And when you think about the
• 9:31
  word business model pivot, he's he's pivoting from this, you
• 9:35
  know, B to B SAS business to he called it a Bitcoin development
• 9:38
  company. Now it's now he says I'm a
• 9:41
  Bitcoin treasury company and that I think that thing really
• 9:46
  did it for me where I'm seeing like, hey, he's capitalizing or
• 9:50
  taking the opportunities that he's seeing in the market and
• 9:55
  he's acting on that. And so I think it's very
• 9:58
  fascinating. And also I see in the chat like
• 10:00
  Bitcoin is falling now, you know, like it's, it's just so
• 10:04
  funny. Why is bit, why is Sailor in a
• 10:06
  rush? Because he understands what this
• 10:07
  is. And if you don't understand what
• 10:09
  this is, you either sell it or you gamble with it or you
• 10:12
  leverage it or, you know, whatever.
• 10:15
  But the most important thing is that you get in on Bitcoin
• 10:19
  because it's the most important technological discovery in
• 10:23
  finance in our entire lifetime. Totally, Bram, totally.
• 10:27
  And I really, I really like the meme of, you know, a business
• 10:30
  plan pivot and we're seeing it happen in real time.
• 10:33
  And I, I see a lot of Bitcoiners, especially on
• 10:36
  Twitter talk about like, oh, I, you know, how is this a
• 10:38
  separation of money and state? I thought Bitcoin was going to
• 10:42
  take over Tradfi. Why are we using these Tradfi
• 10:45
  tools to essentially you know, get more Bitcoin and and I I
• 10:49
  think kind of a a small silver lining here guys is if we do
• 10:53
  want to win and and and the sense that we've always thought
• 10:57
  about Bitcoin in the sense of Bitcoin taking over the world, I
• 11:00
  think we should be using all of the Tradfi tools to further
• 11:03
  facilitate Bitcoin. This is how we fully entrench
• 11:06
  Bitcoin yes, of course we want to make sure that people can
• 11:08
  hold Bitcoin, take Bitcoin into custody, run nodes, etcetera.
• 11:12
  But the way we really take over is by using every Tradfi tool
• 11:15
  out there to just continue to infiltrate the system.
• 11:18
  And you're seeing that sailor is doing that in real time.
• 11:22
  I personally am not going to be, you know, a person that says I
• 11:25
  understand everything he's doing, but just watching him,
• 11:28
  you just learned so much of of what goes on in the mind of a
• 11:32
  billionaire CEO on the front lines with Bitcoin.
• 11:35
  He's playing a different game than we are and it's incredible
• 11:38
  to watch. And yes guys, I guess you can
• 11:40
  say that simply sailor simply bitcoins been simping for sailor
• 11:44
  lately, but hey, he's just killing it out there.
• 11:46
  He's taking all the Bitcoin man, I sailor when you stop taking
• 11:50
  all the Bitcoin. Anyways Nico, try not to cough
• 11:53
  on stream, but how are you doing and what's your thoughts on this
• 11:57
  MSTR short? Squee possibility.
• 12:01
  Yeah. So first of all, shout out to
• 12:03
  Opti for filling in for me. I straight up, you know, I had
• 12:07
  to go to the emergency room on Sunday 'cause my, my tonsil was
• 12:10
  just going crazy. They gave me some medicine.
• 12:13
  It got a little bit better. I woke up this morning and I had
• 12:17
  to text Opti. Like as soon as I wake up, I'm
• 12:19
  like, dude, I'm going to probably need you to fill in for
• 12:22
  me because it was hurting again this morning.
• 12:24
  So shout out to Optimus Fields, the legend for filling in.
• 12:28
  Look, all I got to say is, you know, short MicroStrategy at
• 12:33
  your own peril, OK, short MicroStrategy at your own peril
• 12:38
  because they're, excuse me, they're buying, they're buying
• 12:44
  an asset that has absolute scarcity.
• 12:47
  They're taking advantage of the debt based system, the infinite
• 12:51
  money glitch. And that's what people do not
• 12:54
  understand. They do not fundamentally
• 12:57
  understand that what micro, that what MicroStrategy is doing is
• 13:01
  they're acquiring the scarcest asset in the history of mankind.
• 13:07
  And if you're coming from the traditional financial world,
• 13:11
  that does not compute. That does not compute.
• 13:14
  You do not understand why this stock that essentially has been
• 13:19
  going sideways since the 19, like sincethe.com boom and bust
• 13:26
  MicroStrategy stock has literally stayed the same for 20
• 13:30
  years. And then as soon as he announced
• 13:33
  the Bitcoin strategy, it pumped. Then we had the bear market of
• 13:37
  21 and then it was a great opportunity to get in.
• 13:41
  And then it's just gone parabolic since then.
• 13:43
  And then what's really interesting about MicroStrategy
• 13:46
  too, is the terms that they're getting for these loans, right?
• 13:51
  They're extremely favorable and the interest rates are so low.
• 13:56
  So like, you know, there's always risk when you're
• 14:00
  borrowing money to buy Bitcoin. But again, like the bet that
• 14:05
  Saylor is making is he's going to be fine if Bitcoins price is
• 14:11
  higher five years from now. Like that is such a no brainer
• 14:16
  bet, right? And another reason as to why the
• 14:19
  stock has gone parabolic the way it has is it's because it's
• 14:24
  fulfilling a market need that no other stock it has been able to
• 14:28
  do or no other product that's equivalent to it.
• 14:33
  Because there's a lot of like index funds or let's say you're
• 14:36
  a pension fund, you can't get exposure to Bitcoin.
• 14:39
  Like you can't even get exposure to the ETF.
• 14:42
  But they can't buy a stock. So what do they do?
• 14:44
  They buy MicroStrategy. And even though that's not
• 14:48
  exposure, direct exposure to Bitcoin, it's essentially acting
• 14:53
  like exposure to Bitcoin. So a lot of people are using
• 14:57
  MicroStrategy like that. Now.
• 14:59
  I don't suspect that's always going to be the case.
• 15:02
  I think there's going to be multiple products down the road
• 15:05
  that are going to offer something similar.
• 15:08
  But Michael Saylor has first mover advantage here.
• 15:12
  Even if another company was to put it's hat in the ring and
• 15:15
  they said, you know what, we're going to buy as much Bitcoin as
• 15:19
  as Sailor it, it's just going to run up the price so high.
• 15:23
  So like he's clearly the winner here.
• 15:26
  It's going to be very difficult for another a company to catch
• 15:30
  up to him. But I will say this, I think a
• 15:32
  nation state is going to follow a very similar playbook.
• 15:36
  And unlike what sailors using, which is using the debt based
• 15:40
  system to, you know, leverage his company in order to buy more
• 15:44
  Bitcoin and then his stock goes up and he just does this rinse
• 15:48
  and repeat. The ultimate like speculative
• 15:53
  attack on the dollar, I think is going to come from governments
• 15:56
  themselves once they realize that they can use their Fiat
• 16:00
  money printers to buy more Bitcoin.
• 16:03
  And I think it was sailor that actually said this.
• 16:06
  The first country that realizes they can do that is going to win
• 16:12
  because like all bets are off at that point.
• 16:14
  They can create their money out of thin air and they could use
• 16:18
  that money to buy something with absolute scarcity, right?
• 16:22
  Like, and then you're just going to see the system just like it's
• 16:26
  going to be a brave new world. No one is anticipating what is
• 16:30
  going to happen if and when that happens.
• 16:34
  And I, I don't think it's a question of if.
• 16:35
  I think it's a question of when. And I think there's a very high
• 16:38
  probability the first pro Bitcoin president's going to be
• 16:42
  sworn in 13 days. I'm going to be, I'm, I'm going
• 16:45
  to be at the inauguration. I'm going to get footage for you
• 16:47
  guys. I'm going to be there with
• 16:48
  Ruston. It's going to be historic.
• 16:52
  And you know, I'm telling you like all bets are off as soon as
• 16:57
  that happens. Like you think what Sailor is
• 17:00
  doing is crazy with MicroStrategy.
• 17:02
  When nation states start going in there and they start using
• 17:05
  their money printers to buy Bitcoin, dude, it's going to be
• 17:10
  absolutely crazy. I'm bullish on MicroStrategy,
• 17:13
  I'm bullish on Bitcoin, but most importantly, I'm actually the
• 17:17
  most bullets bullish on individuals adopting Bitcoin.
• 17:21
  Because individuals adopting Bitcoin and then putting that
• 17:23
  Bitcoin into self custody is what is actually going to
• 17:27
  fundamentally change the world. But again, number go up means
• 17:31
  more adoption. More adoption means more
• 17:33
  individuals adopting Bitcoin. So yeah, I mean, we we Trump
• 17:38
  said it at the Nashville speech. They said you guys are going to
• 17:41
  get tired of winning. I mean, so much winning, bro, so
• 17:44
  much winning. That's so.
• 17:45
  Much winning. All right, we did get a good
• 17:47
  question here in the chat and it says that at at what at what
• 17:51
  price do these shorts get destroyed?
• 17:54
  So looking over here at marketbeat.com, it looks like
• 17:57
  the price the short striking point is 387 and four O 8.
• 18:03
  So going back to the chart current Bitcoin or current MSTR
• 18:06
  chart price is 347 and 46 cents. So you know, there's a there's
• 18:12
  some room here. We'll see.
• 18:13
  We'll see if it breaks through that point.
• 18:15
  Very interesting to watch. Anyways, guys, we have a long
• 18:19
  show for you and of course, smash the like button, comment,
• 18:22
  subscribe, all that good stuff. We still have the whole show for
• 18:26
  you guys. We have just started.
• 18:28
  Let's get, I mean yesterday Nico, we got what 400 likes.
• 18:31
  Let's see if we can get 400 likes.
• 18:32
  We're about to get We need three more likes for 100, but let's
• 18:35
  get to that 400. Smash that like button if you
• 18:37
  guys are enjoying the show so so far all right guys, before we
• 18:41
  jump into the show, I do want to give a shout out to simply
• 18:43
  bitcoins lead sponsor. A lot of you guys asked us a
• 18:46
  question. How do you support?
• 18:47
  How do we support the show? We love you guys.
• 18:49
  What are we doing guys? We are, we are funded by our
• 18:53
  sponsors. So if you guys want to support
• 18:55
  the show, check out our sponsors.
• 18:57
  And we're very picky on who we choose to sponsor with who we
• 19:00
  choose to partner with. So I want to tell you guys about
• 19:03
  our lead sponsor, bitcoinwell.com.
• 19:06
  Buy real Bitcoin enable your independence with the fastest
• 19:09
  and safest way to buy Bitcoin on chain or via the Lightning
• 19:12
  Network in Canada and the USA. To get started, you put in your
• 19:17
  e-mail address here. It takes 2 to 5 minutes to sign
• 19:20
  up and bada Bing bada boom, you're ready to buy Bitcoin.
• 19:23
  Also, it's a completely non custodial platform.
• 19:27
  What does that mean? That means as soon as you buy
• 19:29
  Bitcoin on Bitcoin well and the funds clear, it goes straight to
• 19:34
  yourself. Custody Bitcoin wallet address
• 19:36
  You don't even leave the Bitcoin on the exchange, which perfectly
• 19:41
  aligns with the simply Bitcoin ethos of the separation of money
• 19:44
  and state because after all, self custody is a revolution.
• 19:48
  If you're a higher net worth individual, check out their
• 19:51
  Bitcoin Well Infinite product. It's a Bitcoin OTCOTC desk, a
• 19:57
  white glove experience, again tailored for individuals that
• 20:00
  want to buy $50,000 worth of Bitcoin.
• 20:02
  Or more. Now, what makes Bitcoin, well,
• 20:05
  infinite different, is it, again, you don't have to deal
• 20:08
  with the clunky UI. You don't have to deal with
• 20:11
  those support emails that take a little bit of time.
• 20:14
  You have a personal dedicated representative of which you can
• 20:18
  reach out to at any time. And you can ask them any
• 20:22
  questions you might have. Or if you want to buy Bitcoin,
• 20:25
  you want to sell Bitcoin, you have questions about Bitcoin,
• 20:28
  you can pick up the phone, you can text them.
• 20:30
  They'll answer. It's a real human being, it's
• 20:32
  really nice and you'll have a white glove experience, so check
• 20:37
  it out Bitcoin well infinite. Also, every time you buy Bitcoin
• 20:41
  on Bitcoin well, you earn Bitcoin well points and you can
• 20:45
  redeem those points towards the Bitcoin wishing well contest.
• 20:48
  We're going to toss a coin into the wishing well right now live
• 20:50
  for you guys. First person to scan the QR code
• 20:54
  has won 210 sats. Every time you toss a coin into
• 20:57
  the wishing well, you have an opportunity to win up to
• 21:00
  1,000,000 satoshi, and if you use promo code simply BTC again
• 21:07
  simply BTC, you get 3 tosses into the Bitcoin wishing well
• 21:13
  all right everybody let's get to the numbers We have lots to talk
• 21:15
  about we'll be right back I want to.
• 21:25
  Tell you guys about our sponsor Stamp Seed.
• 21:28
  Is your Bitcoin and cold storage really secure?
• 21:31
  Are your seed words really secure?
• 21:34
  Stamp Seeds Do it Yourself kit has everything you'll need to
• 21:38
  hammer your seed words into commercial grade titanium plates
• 21:43
  instead of writing them down on paper.
• 21:46
  Don't do that. Paper sucks.
• 21:49
  You want to literally stamp your seed into this plate of
• 21:53
  titanium. Your words are actually stamped
• 21:55
  into the metal plate with this hammer, so once your words are
• 21:59
  in, they aren't going anywhere. No risk of the plate breaking
• 22:04
  apart and your pieces falling everywhere.
• 22:06
  Titanium Stamp seeds will survive nearly.
• 22:09
  Triple the heat. Produced by a house fire.
• 22:12
  They are also crush proof waterproof non corrosive and
• 22:16
  most importantly because this is generational wealth time proof
• 22:20
  all things that paper is not allowing you to huddle your
• 22:26
  Bitcoin for the long haul. I mean here is the plate that
• 22:30
  they crushed, they put in water. They put a blowtorch to it and
• 22:34
  as you can see the words have survived.
• 22:37
  Stamp your seed on stamp seed and you can use promo code
• 22:42
  simply to get 15% off anything on their store.
• 22:49
  All right, guys, make sure you scan the QR code.
• 22:51
  Yeah, wow. I did it good first time.
• 22:54
  Get yourself a stamp seed kit. Secure your generational wealth
• 22:58
  here. Wait, use the promo code simply
• 23:01
  for 15% off. OK, OK, let's, let's, let's get
• 23:03
  on to the show. Let's get on the show.
• 23:05
  Of course we're over here on the numbers on Clark Moody's
• 23:07
  dashboard. The Bitcoin price is currently
• 23:09
  $96,970. It's so over guys.
• 23:13
  Oh no, yeah, it's over. We had a good run.
• 23:17
  Shout out to everyone on Twitter.
• 23:18
  Like we are never going to see 5 digit Bitcoin again.
• 23:21
  And guess what we are saying 5 digit Bitcoin again.
• 23:25
  It's so over now. It's not just keep staying back
• 23:27
  in. This is how Bitcoin works
• 23:29
  anyways. The SAT per dollar, how much
• 23:31
  Bitcoin you can buy for a single dollar, how much the dollar is
• 23:33
  worth in Bitcoin. It's currently at 1031 SAT's per
• 23:37
  dollar. The current block height is
• 23:38
  878,250. The market cap in Fiat terms is
• 23:43
  1.92 trillion. Dang man it it really hurts when
• 23:46
  we don't have secure that $2 trillion market cap.
• 23:49
  Anyway. The Bitcoin versus gold market
• 23:50
  cap is 10.42% and the total percentage of Bitcoin that will
• 23:54
  ever be issued is 94.31 percent with roughly 19.8 million
• 23:59
  bitcoins circulating. All right guys.
• 24:02
  Now this is a huge theme we've been talking about on the show
• 24:06
  is the freedom of speech aspect, Internet censorship.
• 24:10
  And it looks, you know, I, I might be a little more skeptical
• 24:14
  than Nico here, but it looks like we're getting another
• 24:16
  domino to fall here. We have Zuck, you know, Mark
• 24:21
  Zuckerberg going out here. He just dropped this video about
• 24:24
  how they're going to change the Facebook algos and, and foster
• 24:27
  more free speech. He dropped this 5 minute video.
• 24:30
  I'm not going to play the whole 5 minute video, but I'll play
• 24:32
  you a part of it just so you can get a gist of it.
• 24:35
  And then we'll talk about it again.
• 24:36
  I, I might be a little more skeptical than Nico will be on
• 24:39
  this, but you know, I'll give him the benefit of the doubt.
• 24:41
  Let's let's hear what he says in his own words.
• 24:44
  I want to talk about something important today because it's
• 24:47
  time to get back to our roots around free expression.
• 24:49
  On Facebook and Instagram, I started building social media to
• 24:53
  give people a voice. I gave a speech at Georgetown
• 24:56
  five years ago about the importance of protecting free
• 24:58
  expression, and I still believe this today.
• 25:01
  But a lot has happened over the last several years.
• 25:04
  There's been widespread debate about potential harms from
• 25:07
  online content. Governments and legacy media
• 25:10
  have pushed to censor more and more.
• 25:12
  A lot of this is clearly political, but there's also a
• 25:15
  lot of legitimately bad stuff out there.
• 25:17
  Drugs, terrorism, Child Exploitation.
• 25:20
  These are things that we take very seriously, and I want to
• 25:23
  make sure that we handle responsibly.
• 25:24
  So we built a lot of complex systems to moderate content.
• 25:28
  But the problem with complex systems is they make mistakes.
• 25:32
  Even if they accidentally censor just 1% of posts, that's
• 25:35
  millions of people. And we've reached a point where
• 25:38
  it's just too many mistakes and too much censorship.
• 25:42
  The recent elections also feel like a cultural tipping point
• 25:45
  towards once again prioritizing speech.
• 25:47
  So we're going to get back to our roots and focus on reducing
• 25:50
  mistakes, simplifying our policies, and restoring free
• 25:54
  expression on our platforms. More specifically, here's what
• 25:58
  we're going to do. First, we're going to get rid of
• 26:00
  fact checkers and replace them with community notes similar to
• 26:04
  X, starting in the US. After Trump first got elected in
• 26:08
  2016, the legacy media wrote non-stop about how
• 26:12
  misinformation was a threat to democracy.
• 26:15
  We tried in good faith to address those concerns without
• 26:17
  becoming the arbiters of truth, but the fact checkers have just
• 26:21
  been too politically biased and have destroyed more trust than
• 26:24
  they've created, especially in the US.
• 26:27
  So over the next couple of months, we're going to phase in
• 26:30
  a more comprehensive community notes system.
• 26:33
  Second, we're going to simplify or.
• 26:35
  OK, OK, OK, Just you go watch the whole clip.
• 26:39
  You can make up your own mind. And now another interesting move
• 26:41
  that Zuck made, again, allegedly a proponent of free speech, now
• 26:46
  that the tide is shifting, is adding Dana White to the meta
• 26:50
  board. Now, I'm more of a fan of of
• 26:53
  Dana White than I am of Zuck. And you guys obviously know he's
• 26:56
  a huge advocate for freedom of speech.
• 26:59
  He doesn't control anything his UFC fighters say out there.
• 27:01
  He's like, they're men. They can say whatever they want
• 27:04
  and you know, he's really like the the the Chad bro CEO out
• 27:08
  there. And so I it is interesting to
• 27:11
  see all of these moves play out in in the same time he comes out
• 27:14
  with this new, you know, video about we're not going to police
• 27:18
  speech. We're going to follow must with
• 27:20
  a community. No, you know, it does seem like
• 27:23
  he's seeing the tide shift, or at least that's like the surface
• 27:26
  level view of this. But, you know, there is people
• 27:29
  that are saying that this is an incredibly extraordinary
• 27:33
  cultural moment where he is talking about the zeitgeist
• 27:37
  going on. And also one interesting point
• 27:39
  about that video was he's saying he's moving the Meta
• 27:43
  headquarters from California to Texas, which we've seen must do
• 27:45
  something very similar at the very end.
• 27:47
  Yeah, at the very end, he talks about that, which is very
• 27:50
  interesting. So is he, you know, seeing the
• 27:53
  writing on the wall, of course, of course, Meta has more data
• 27:57
  than we do. Maybe he's seeing that the
• 27:59
  cultural, you know, zeitgeist is shifting towards the right.
• 28:02
  I think this is kind of the conversation we've been seeing
• 28:05
  for a long time. And then of course we can talk
• 28:08
  about must doing something similar.
• 28:09
  Of course he's been talking about you are the media now, and
• 28:13
  I think there is a huge a huge push right now from from Silicon
• 28:17
  Valley in this idea of freedom of speech.
• 28:19
  Is this them capitulating? Personally, I might be a little
• 28:23
  more skeptical than Nico here on this point, but I do love for
• 28:29
  lack of better terms of pandering towards freedom of
• 28:31
  speech. I think as a bitcoiner, we all
• 28:33
  understand freedom of of speech is very important.
• 28:35
  Obviously we want the freedom to transact.
• 28:38
  And you're seeing that the ship, the cultural shift is moving
• 28:41
  towards realizing, you know, I would argue realizing their
• 28:44
  mistakes in quotation marks here.
• 28:46
  So I'm, I don't know, I don't have to Nico here, but I I'm
• 28:51
  feeling personally, it feels a little bit like a grift, a
• 28:55
  little bit. It's almost a little too little
• 28:58
  too late considering everything we saw from Zuck and Mehta in
• 29:03
  2016 and in 2020. You know, now are they suddenly
• 29:08
  becoming enlightened and they're seeing the error of their ways?
• 29:12
  Or are they just kind of afraid like their heads on the chopping
• 29:14
  board now? And if Trump comes in, what
• 29:17
  everyone's afraid of doing, you know, with a hammer.
• 29:19
  They don't want to be on the wrong side of history here.
• 29:21
  And I think fighting free speech in any of its forms is
• 29:26
  essential, actually on the wrong side of history.
• 29:28
  So I do give them kind of a leeway into learning the error
• 29:32
  of their ways. But I don't know, when I saw
• 29:34
  this, I, I, I, I kind of felt it's a little grifty here.
• 29:37
  Niko I It's still a big cultural moment as far as we're
• 29:40
  concerned. In free speech.
• 29:42
  So again, so we have to give a little bit of context to the
• 29:45
  audience, right? So you guys are tuning in.
• 29:47
  You're like, Niko, what the fuck, Opti, what the fuck?
• 29:49
  This is a Bitcoin show. What?
• 29:51
  Why are we talking about this? Free speech is the front line
• 29:55
  for the battle for Bitcoin. If you think that they're going
• 29:59
  to be OK with you transacting freely and they're not OK with
• 30:02
  you speaking freely, you're completely naive.
• 30:05
  They're one in the same. Bitcoin functions on free speech
• 30:09
  principles. You cannot censor another
• 30:13
  person's transaction on the Bitcoin network.
• 30:16
  Jeff Booth's comments come to to mind when we talk about this
• 30:21
  specific subject. You know, one of the things
• 30:24
  about Bitcoin is that you're going to have to be OK with even
• 30:26
  your worst enemy using the Bitcoin network.
• 30:29
  So same thing applies to free speech.
• 30:32
  Thing with free speech, is it perfect?
• 30:34
  No. Is it messy?
• 30:36
  Yes. Is it the best system?
• 30:38
  Absolutely. Because the opposite is giving
• 30:41
  the power to a bureaucratic elite or a tech elite to pick
• 30:46
  and choose what is the truth and what is not the truth.
• 30:50
  And the reason the founding fathers basically forbade
• 30:54
  government or Congress to censor the speech of Americans is
• 30:59
  because they came to the realization that inevitably what
• 31:03
  was going to happen is the government was going to use that
• 31:06
  as a as a political Moat to protect themselves.
• 31:10
  And that's essentially what happened in the era of social
• 31:13
  media with the rise of social media.
• 31:15
  Because essentially before social media, there was a
• 31:18
  handful of legacy media outlets where everybody got their news
• 31:22
  and those legacy media outlets over the decades were Co opted
• 31:26
  by government. What happened with social media
• 31:29
  is you saw mass scale peer-to-peer communications and
• 31:33
  essentially it allowed individual creators like
• 31:36
  Mianopti for example. Here it's simply Bitcoin to
• 31:39
  speak directly to our audience members.
• 31:42
  And then it became a lot more difficult to control the
• 31:45
  narrative. That's why you see the rise of
• 31:47
  Joe Rogan, the rise of Tucker Cross and the rise of Candace
• 31:50
  Owens, the rise of Steven Crowder, the rise of Tim Poole,
• 31:54
  right, The Young Turks like you see the rise of independent
• 31:58
  media and Elon has a quote that he's been saying on X, you are
• 32:02
  the media. Now this is all as we transition
• 32:05
  into the information age. Now, the reason all of this is
• 32:08
  important, the reason we talk about this on the Bitcoin show
• 32:11
  is because the next step is the disintermediation of money and
• 32:15
  state. And our tool are the most
• 32:19
  effective tool to educating the masses about Bitcoin, about the
• 32:23
  truth about money. The truth about inflation is
• 32:26
  speech. If we're not allowed to talk the
• 32:29
  truth about money, then we can't really get the message out on
• 32:33
  Bitcoin. That's why we've always focused
• 32:36
  so much about the battle for free speech.
• 32:39
  Now in regards to Opti's original comment to weave it
• 32:42
  back in, yeah, I, I, I think Jeff Bezos, I think Mark
• 32:47
  Zuckerberg are all seeing the writing on the wall.
• 32:51
  They tried everything in their power to stop Trump getting re
• 32:58
  elected, right? They tried everything.
• 33:00
  The legacy media. You can even make an argument.
• 33:03
  I know it's not completely confirmed that they tried
• 33:06
  assassinating him, right. Then you can make that argument.
• 33:09
  And they were not successful. And Republicans usually don't
• 33:13
  win the popular vote. And, and with everything they
• 33:16
  did, all the smear campaigns, the legal campaigns,
• 33:20
  essentially, you know, they tried to put him in prison.
• 33:23
  They charged him with a crime, the first, the first president
• 33:28
  that's been essentially, you know, convicted.
• 33:30
  And we all knew it was lawfare. It didn't matter.
• 33:33
  The American people didn't buy into that narrative, right?
• 33:37
  And what happened? It says, like Trump won the
• 33:40
  popular vote and the Republicans won a government trifecta that
• 33:44
  that usually never happens in American politics.
• 33:48
  So if you're one of these tech Bros like Mark Zuckerberg that
• 33:52
  put in like $400 million to help the Democrats get elected back
• 33:56
  in 2021, you're freaking out a little bit, right?
• 34:00
  You're looking at that and you're like, oh God, like Elon
• 34:03
  with X, like, you know, Facebook might be at risk.
• 34:07
  People are just swarming to X. Like X is growing like crazy.
• 34:11
  If you look at the the, the, how much users they're gaining,
• 34:16
  legacy media has lost 20 to 30% of their viewers or listeners or
• 34:20
  all that stuff. And X has actually gained 20 or
• 34:24
  30%. So Zuckerberg as a businessman,
• 34:27
  I don't know if he actually, actually believes all this
• 34:29
  stuff, but I think as a businessman, you know,
• 34:32
  fundamentally it comes down to like, look, this is the trend.
• 34:36
  People want this type of speech. And again, I think all the
• 34:39
  things that he said were justifications to kind of
• 34:43
  justify his actions over the years, right?
• 34:47
  But again, you know, like, at the end of the day,
• 34:49
  fundamentally what matters is eventually the market forced him
• 34:54
  to have to change his policy and that this is where we are right
• 34:58
  now. And I suspect all the other
• 35:00
  platforms are going to have to pivot because they're not going
• 35:03
  to have a choice because people are going to flee to the
• 35:06
  platforms that they're able to speak freely in.
• 35:10
  Like it was crazy to me when the Twitter Files came out where it
• 35:15
  was confirmed that elements of the US government were asking
• 35:18
  private corporations to censor Americans on their their behalf.
• 35:23
  Like, that is completely against the 1st Amendment.
• 35:26
  And all of that stuff is coming to light.
• 35:28
  And I promise you, remember, Trump got de platformed.
• 35:32
  They de platformed a sitting precedent Like that is nuts.
• 35:37
  That is crazy. So do you think that he's not
• 35:41
  going to go into office and he's not going to put the DOJ and
• 35:45
  investigate into what was happening behind the scenes and
• 35:48
  all the things that they're going to uncover?
• 35:50
  This is a cover your ass moment by all these people, right?
• 35:55
  And if you take a look at all the tech Bros that are donating
• 35:59
  to Trump's inauguration, you have Tim Cook, you have Mark
• 36:03
  Zuckerberg, you have Jeff Bezos. Jeff Bezos wrote an article with
• 36:07
  the Washington Post basically saying, hey, guys, we got to be
• 36:11
  neutral here. People don't trust the media
• 36:13
  anymore. They are not doing this out of
• 36:15
  the goodness of their heart. They're doing this because all
• 36:18
  the things that they tried did not work.
• 36:22
  Trump still won. And now he's going into office.
• 36:25
  They almost like, you know, they nicked his ear a little bit.
• 36:31
  Like I, I think it's pretty safe to say he's going to ask.
• 36:35
  He's going to, you know, use the power that was Grant that was
• 36:39
  given to him, the mandate that was given to him by the American
• 36:42
  people to ask some very hard questions.
• 36:46
  And I think they want to be on the right side of history when
• 36:49
  that happens, right? Like the skeletons that they're
• 36:51
  going to, you know, uncover and they're going to find like,
• 36:54
  dude, you know, the writing's on the wall.
• 36:56
  The writing's on the wall. So, yeah, I completely agree
• 36:59
  with you, Opti. I don't think that I don't think
• 37:01
  he's like doing this out of the goodness of the of his heart.
• 37:05
  I think he's doing this out of self preservation for himself,
• 37:09
  but also self preservation for Facebook and Instagram.
• 37:14
  And one thing that I'll say too, the Dana White being on the
• 37:18
  board is extremes, extremely symbolic because Dana White is
• 37:23
  very, very close to Trump. They're very close.
• 37:26
  Dana White was the one who introduced Trump at the RNC
• 37:31
  convention. He introduced him, right?
• 37:33
  He out of all the people Trump could have asked, he asked Dana
• 37:36
  White to do it right. So again, it, it, the symbolism
• 37:40
  there is very powerful. And then as soon as that Dana
• 37:43
  White news dropped, Zuckerberg came out and saying, hey,
• 37:46
  basically we're getting rid of the fact checkers, which we knew
• 37:48
  were always extremely biased. And now we're going to do the
• 37:51
  community note stuff like, no, come on guys.
• 37:54
  Like this isn't, this isn't a coincidence.
• 37:57
  This isn't just, you know, all kumbaya.
• 38:00
  This is cover your own ass. Anyways, that's my take, Bram.
• 38:04
  What's your take on all this, brother?
• 38:06
  Oh, so much to think about, guys.
• 38:07
  Well, I was thinking about how Mark Zuckerberg has a goat named
• 38:12
  Bitcoin I. Don't know.
• 38:13
  Well, wait, hold on, hold on. It's Max and Bitcoin.
• 38:17
  So maxi Bitcoin, I don't know. I don't know.
• 38:23
  So and I was actually just Googling or like searching on
• 38:26
  Twitter because I have a tweet. I don't know when I tweeted it,
• 38:29
  but like I said, I think it was six months ago, maybe even
• 38:33
  longer. I think Zuckerberg buying
• 38:36
  Bitcoin would probably mark the top of this bull run.
• 38:41
  So I'm going to repeat that here and let's see how that ages.
• 38:44
  But what I find interesting, and I'll, I'll tie it in with
• 38:49
  Bitcoin, is that, you know, when Saylor talks about, you know,
• 38:54
  the strategy that he's following and the problem that other
• 38:57
  companies have as well, you know, the, the, the, the cash
• 39:01
  bar, etcetera. Like what do we do with the
• 39:02
  money? If you think about the the fan
• 39:08
  companies, right, like the big seven companies of the S&P 500,
• 39:12
  there's only one company where the majority where the CEO, the
• 39:18
  founder has a majority ownership and only one that can actually
• 39:23
  buy Bitcoin like Sailor has been doing with his influence as his,
• 39:28
  you know, shares and voting rights is Zuckerberg.
• 39:31
  So I just find that interesting that that is the case.
• 39:34
  And I totally agree with you guys.
• 39:36
  Like this is pure optimism, of course, and it, it's known that
• 39:41
  Zuckerberg is trying to move closer to Trump in order to make
• 39:45
  right what he's done wrong before.
• 39:48
  And so I agree with the, with the idea that, you know, Trump
• 39:53
  and Dana White are, are very good friends for like 20 or 30
• 39:56
  years or something. And so that might be a, be a way
• 40:00
  on the other side I was thinking to address because I, I, I, I
• 40:03
  remember last time that I was here, you talked about like, oh,
• 40:06
  the chat is brutal. ETC.
• 40:08
  And I wanted to address like some faults.
• 40:11
  They're like, oh, you voted for Trump, you got Elon or like
• 40:14
  Bitcoin is down and blah, blah. Like I think what we're showing
• 40:20
  here is that we are chilling, right?
• 40:21
  And it is very important that you study Bitcoin to a degree
• 40:26
  where you can actually chill, right?
• 40:28
  Like if it goes up, you chill. If it goes down, you chill.
• 40:31
  If Trump is the president, you chill.
• 40:32
  Someone else is the president you chill like you need to study
• 40:37
  Bitcoin and eventually understand what is what this is
• 40:39
  or you'll be kind of like stuck in all these short term time
• 40:43
  loops of things that you know want attention from you or
• 40:47
  things that you could be annoyed about.
• 40:49
  But you know, if you just stack Bitcoin, you can actually chill
• 40:52
  man, and you don't really have to pay attention to all the, all
• 40:55
  the BS and you can actually be entertained by seeing, you know,
• 41:00
  Bitcoin proliferate in the world and, and, and, and seeing this
• 41:03
  thing unfold. Because as Opti said in the
• 41:07
  beginning, you know, we might have first day executive order
• 41:12
  announcement of Trump in what is it 13 days, 14 days where he's
• 41:19
  going to announce Bitcoin plans for the, for the US, which is
• 41:23
  thoroughly entertaining. I I'd love to say so, you know,
• 41:28
  just chill, study Bitcoin and don't be distracted by all this
• 41:31
  short term bullshit. And again, I think Zuckerberg
• 41:35
  buying Bitcoin would mark the top.
• 41:37
  Yeah, I mean, I I that's a that's a great, great take like
• 41:40
  reeling this all back into Bitcoin, you know, is meta on
• 41:43
  the path to, you know, following Michael Saylor and doing, you
• 41:47
  know, a bitcoins whatever what are they putting Bitcoin on
• 41:50
  their balance sheet? We do know you know, he's got
• 41:52
  Bitcoin maxi goats here. So I think he's personally been
• 41:56
  buying it himself. But if he does come out with a
• 41:59
  meta announcement that would I maybe I don't know if it'd be
• 42:03
  the top brim. Maybe if it's if it's the end of
• 42:06
  the year, it might be the top. Perhaps, yeah.
• 42:10
  But I think in general it's just interesting.
• 42:12
  Also all the things that you just talked about with
• 42:14
  MicroStrategy and people being short or playing long game,
• 42:17
  whatever. Like if you're gambling on
• 42:19
  Bitcoin, you don't understand it.
• 42:21
  Like that ties into what I just said, Like you need to chill,
• 42:24
  like preserve your future. Don't, don't, don't, don't
• 42:27
  gamble and do all these little crazy tradie things and all the
• 42:30
  questions like why is it going down, etcetera.
• 42:32
  Like it's all unnecessary. Totally.
• 42:36
  You want to chime in? Yeah, I mean, first of all,
• 42:39
  great, great points from from Bram and and I agree.
• 42:43
  I think the top is when when Zuck buys Bitcoin, that's when
• 42:47
  that's that's when you know you have to get get the F out.
• 42:50
  But again, look what I will say, what I will say is what I will
• 42:55
  say is look, and I see a lot, I see a lot of this in the
• 42:59
  comments and I see a lot of people are like, Trump doesn't
• 43:02
  actually understand Bitcoin. Zuck doesn't actually mean this
• 43:05
  stuff. It doesn't matter.
• 43:06
  It doesn't matter. It doesn't matter because
• 43:09
  they're doing it anyways. That's what matters, right?
• 43:13
  And that's something that you have to keep in mind.
• 43:15
  And a lot of people and guys, you have to understand this is
• 43:18
  the separation of money and state inherently.
• 43:21
  It is extremely political. What the the goal here is to end
• 43:24
  central banking. OK, Did you?
• 43:26
  If you thought this was going to be be a cakewalk, you're
• 43:29
  completely naive, right? And politics is ugly.
• 43:33
  Politics is messy. And I think that if you've been
• 43:35
  paying attention to American politics the last four years,
• 43:38
  you've seen this in 4K right up in your grill.
• 43:42
  So in politics, sometimes the enemy of your enemy is your
• 43:46
  friend. Sometimes you don't need people
• 43:48
  to agree with you. What matters is, is the tide
• 43:51
  moving in your favor? Is the things moving your favor?
• 43:55
  And absolutely one, 100% you have talk of a strategic Bitcoin
• 44:00
  reserve on the federal level. You have talk about a strategic
• 44:02
  Bitcoin reserve on the state level.
• 44:04
  And now you have the one of the most influential social media
• 44:08
  platforms following in the footsteps of Elon Musk and X.
• 44:13
  And whatever you feel about Facebook, whatever you feel
• 44:15
  about Zuckerberg, free speech is good for Bitcoin because it
• 44:20
  allows allows people to discuss, expose the scam that is Fiat
• 44:27
  money. And because Fiat money is based
• 44:30
  on theft, it means it's based on coercion, and it requires
• 44:34
  coercion in order for the system to work.
• 44:36
  And coercion also means censorship.
• 44:40
  So if you have more freedom of speech, you have more open
• 44:43
  dialogue about alternatives to the central banking system.
• 44:47
  So this is a huge win for Bitcoin, huge win for free
• 44:50
  speech, just winning overall. And I'm really excited, at least
• 44:54
  for the next 4 years and then we'll revisit it.
• 44:57
  Yeah, hold on, Nico. Before you go on, I just did a
• 44:59
  quick, you know, perplexity check just to kind of put these
• 45:04
  numbers and and these platforms and comparison here.
• 45:07
  Facebook still has approximately 3 billion monthly active users,
• 45:12
  which into me is mind blowing because I haven't had a Facebook
• 45:14
  in so long. Yeah, exactly who's using
• 45:17
  Facebook? That's literally what I was
• 45:18
  thinking. Wow.
• 45:19
  X or Twitter has around 611 million monthly active users.
• 45:24
  So I think this is, you know, if it goes in the direction that
• 45:27
  we're thinking, this is a huge win for free speech.
• 45:30
  We'll see how it plays out. So, you know, cautiously
• 45:33
  optimistic, I think, I think I'm going to change my name to
• 45:35
  cautiously optimistic fields moving into 2025 because I feel
• 45:39
  like I keep saying that throughout all of these crazy
• 45:41
  news stories right now. I, you know, I'm trying not to
• 45:44
  trust here. We got to verify.
• 45:46
  So cautiously optimistic fields for 2025.
• 45:48
  But let's move into the news for today because we got some more,
• 45:52
  some more interesting news coming out of Canada, which, you
• 45:56
  know, you know how we feel about Canada here.
• 45:57
  What's going on? But let's get into this the the
• 46:00
  news segment. I want to give a very special
• 46:03
  shout out to our sponsor Compass Mining.
• 46:06
  They make Bitcoin mining accessible to everyone from
• 46:10
  beginners to experienced investors.
• 46:13
  Their turn key miners gets you online and hashing within 48
• 46:17
  hours, making it easier than ever to start your mining
• 46:21
  journey. Plus, with their active
• 46:23
  marketplace, you can resell your miner at any time, adding
• 46:27
  flexibility and value to your investment.
• 46:30
  Visit their website to access a wealth of resources, learning
• 46:34
  everything you need to know about Bitcoin mining.
• 46:37
  Take your first step into the world of Bitcoin mining with
• 46:40
  confidence. Discover more at Compass Mining
• 46:44
  dot IO. Again, Compass Mining dot IO and
• 46:47
  see how Compass Mining can power your success.
• 46:54
  I. Want to give a shout out to our
• 47:00
  sponsor foundation? It's self custody done right.
• 47:03
  They've built a premium grade. Hardware wallet called Passport.
• 47:07
  Right here in the US and it integrates seamlessly with their
• 47:10
  free app called Envoy. Passport is fully open source
• 47:15
  and verifiable. It's the most intuitive Bitcoin
• 47:17
  wallet designed with a UX reminiscent of a classic feature
• 47:21
  phone, so you'll know how to navigate it and use it the
• 47:24
  moment you pick it up. It's also air gaps, meaning
• 47:27
  Bitcoin stays offline, never touching an Internet connection.
• 47:31
  It's Bitcoin only open source, verifiable air gap security
• 47:35
  model, gorgeous design craft premium grade materials.
• 47:38
  Get your Bitcoin off exchanges and into your own hands in just
• 47:42
  a few minutes with Passport at foundation dot XYZ slash.
• 47:46
  Simply get Peace of Mind. All right, new phone who dis no,
• 47:53
  it's not a phone Get yourself a passport buy foundation boys and
• 47:58
  girls. It's beautiful fully open
• 48:01
  source. It is mother and grandma.
• 48:03
  Well, I I don't know if I'll go as far as grandma friendly, but
• 48:05
  it is mother and father friendly here with the envoy app.
• 48:09
  It is so easy guys, it's beautiful.
• 48:11
  It's totally beautiful here. Anyway, so let's get into the
• 48:14
  news story, guys. All right, boys and girls, we
• 48:17
  did a show on this. I forget I was it.
• 48:21
  Thanks. I think it was around
• 48:22
  Thanksgiving about this trend that we're seeing in Canada that
• 48:27
  it looks like Justin Trudeau was on the way out and potentially a
• 48:32
  more Bitcoin friendly administration would go in.
• 48:35
  And now it seems to have played out.
• 48:37
  So allegedly Justin Trudeau is resigning.
• 48:41
  And so I don't know, let me let me just play a little bit of his
• 48:43
  resignation speech and then we'll bring this back into why
• 48:47
  are we talking about this? I thought this is a simply
• 48:49
  Bitcoin show. Well, we got we got a little,
• 48:52
  you know, a little sauce in here for you.
• 48:53
  But let's hear Justin Trudeau himself, my friends.
• 48:59
  Is. You all, Oh, it's super quiet.
• 49:01
  Can you hear that? Every bone in my body has always
• 49:05
  told me to fight because I care deeply.
• 49:08
  Canadians, my friends, as you all know, I'm a fighter.
• 49:17
  Every bone in my body has always told me to fight because I care
• 49:22
  deeply about Canadians. I care deeply about this country
• 49:26
  and I will always be motivated by what is in the best interest
• 49:31
  of Canadians. And the fact is, despite best
• 49:37
  efforts to work through it, Parliament has been paralyzed
• 49:41
  for months after what has been the longest until March.
• 49:48
  The audio is really quiet, but long, long search here.
• 49:52
  We'll just keep it playing. We'll keep the just mute the
• 49:54
  audio opti and we'll just keep it playing in the background as
• 49:56
  we talk. But yeah, I mean, look.
• 49:58
  TLDR Justin Trudeau has officially resigned.
• 50:05
  Yeah, resigned from Prime Minister of Canada.
• 50:08
  But that's not the bullish news Opti, is it?
• 50:10
  Yeah, no, that is not the bullish news.
• 50:12
  So obviously, I don't even think Canadians, this is probably why
• 50:16
  he's, you know, resigning. They're not fans of Justin
• 50:20
  Trudeau and all of the policies he's been working on.
• 50:23
  But what does this mean for Bitcoin and why are we even
• 50:25
  talking about it? Well, it looks like, you know,
• 50:28
  pro Bitcoin. Pierre Polyev, I believe I said
• 50:31
  that correctly, I got memed last time I brought his name up,
• 50:35
  leaves the Poly market odds to become Canada's next Prime
• 50:38
  Minister, replacing Justin Trudeau.
• 50:41
  So it looks like pro Bitcoin candidate Pierre Polyev, which
• 50:45
  is, you know, the equivalent of the right in America, though
• 50:48
  their, their colors are different.
• 50:50
  So I, I guess Justin Trudeau on the left is red and the right in
• 50:54
  Canada is blue. So it's completely mixed up.
• 50:57
  But he is the conservative candidate here.
• 50:59
  He is pro Bitcoin. He's been out there, he's been
• 51:01
  talking, talk about Bitcoin. Actually, he's been a little
• 51:03
  quiet about Bitcoin in the last couple of years, which is, you
• 51:07
  know, maybe saying something, I don't know.
• 51:11
  But we all remember, at least if you've been in Bitcoin for a
• 51:14
  while, Pierre Polyev. This shwarma in Bitcoin with
• 51:18
  this we're going to buy Bitcoin. This shwarma with this Bitcoin,
• 51:22
  you ready hold. On I'm just creating an.
• 51:25
  Invoice. He's creating me an invoice
• 51:26
  right now. Now listen, he's going to.
• 51:28
  Oh yeah, make sure to include the tip in there as well.
• 51:33
  By the way, what is on this shawarma?
• 51:36
  Deliciousness. Deliciousness, an extra serving
• 51:39
  of deliciousness is exactly what we need.
• 51:42
  And by the way, do you use Canadian food when you when you
• 51:45
  make your shawarma as a Canadian source, Local, local, made in
• 51:50
  Canada, my friend. All right, let's do it.
• 51:56
  All right, All right, send, send then.
• 52:02
  Done. I got it.
• 52:05
  You got the payment. Let's go.
• 52:08
  OK, so. Trump.
• 52:10
  So Trump buys burgers and the potential front runner and the
• 52:14
  very good clarification from World of Rusty, World of Rusty's
• 52:17
  in the chat, Incredible Bitcoin graphic designer to specify the
• 52:23
  party isn't resigning. So yeah.
• 52:25
  So essentially Trudeau is stepping.
• 52:27
  It's a parliamentary system. So Trudeau is stepping away from
• 52:31
  Prime Minister and essentially another Liberal will step up as
• 52:36
  Prime Minister, replacing Trudeau.
• 52:38
  But the party itself will still remain in power.
• 52:40
  However, it's important to know, thank you Rusty, for that
• 52:43
  clarification that the Conservative Party, according to
• 52:46
  the latest polling is leading. So if they are to have an
• 52:51
  election, they they have to have an election by October of this
• 52:54
  year. But if they are to have an
• 52:55
  election, it looks like there's a high probability that that
• 53:00
  that that Polivier wins and he takes office.
• 53:04
  And the reason that this is important is again, he is pro
• 53:07
  Bitcoin AF. And that would be insane because
• 53:10
  essentially you'd have the United States pro Bitcoin and
• 53:13
  you'd have the Canada broke pro Bitcoin.
• 53:16
  And OK, so he's not buying. Burgers with Bitcoin.
• 53:18
  Wait, wait, wait, Nico. Sorry.
• 53:20
  Shawarma with Bitcoin to. To clarify, we will just have
• 53:23
  the United States being pro Bitcoin because we are in
• 53:26
  actually in Canada. No, and the green the Greenland.
• 53:31
  The Greenland thing is hilarious.
• 53:33
  Bro Trump actually flew into Greenland this morning with this
• 53:37
  plane. Have you guys seen that video?
• 53:39
  No, I didn't catch that. This morning, literally I
• 53:41
  thought it was a joke but like apparently Trump Force 1 landed
• 53:45
  in Greenland this morning. Bro, they're really serious
• 53:48
  about that. So it's so funny.
• 53:50
  So it's going to be like it's going to be Canada.
• 53:53
  And then I saw a picture too of apparently a Mexican annexation
• 53:57
  as well, which is hilarious. Oh.
• 54:01
  Man, keep going. You go keep going, Yeah.
• 54:04
  So yeah, I mean the and again, like this is the art of the
• 54:07
  deal. Like Trump is half serious, half
• 54:10
  telling the truth, but if you think that Trudeau is resigning
• 54:16
  just because out of the goodness of his heart, no, he sees the
• 54:20
  writing on the wall. That's what this is what that
• 54:23
  he's trying to cover his own ass.
• 54:25
  And I think that this is like a desperate attempt by the Liberal
• 54:29
  Party because Trudeau is so unpopular, they're just going to
• 54:33
  replace him with someone else. The policies will stay the same.
• 54:36
  And I think they're hoping that because they're replacing
• 54:39
  Trudeau, which is like, not very liked, you know, hopefully their
• 54:43
  party wins the election again and they can keep going.
• 54:46
  But I think it's deeper than that.
• 54:48
  Honestly, I think the worldwide political trend right now is the
• 54:53
  rise of the populist right. I think I'm seeing this
• 54:55
  worldwide. And I think for Bitcoin, I think
• 54:59
  it's very positive. I think I'm not a big fan of
• 55:01
  Fiat politics. I think it's kind of like a scam
• 55:04
  because it's essentially a popularity contest.
• 55:07
  And based on who wins the popularity contest, they control
• 55:10
  the money money printer. But as Bitcoiners, I think
• 55:13
  having politicians in power that either pass favorable Bitcoin
• 55:19
  legislation or leave Bitcoin alone is actually really, really
• 55:23
  good for the Bitcoin movement. And it seems like the populist
• 55:26
  right, whether it's in the United States or in Canada for
• 55:29
  some reason or the other, we can get into the details of that,
• 55:33
  but I don't think that's important.
• 55:34
  They seem to be supportive of Bitcoin, at least on the
• 55:38
  surface. Right?
• 55:39
  We'll see what happens with the Trump administration.
• 55:41
  We could be telling you something totally different in
• 55:44
  six months. And I will say this, Trump
• 55:46
  promised to free Ross on day one.
• 55:48
  So in 13 days, Ross should be free.
• 55:51
  Now I'll give him a day or the inauguration.
• 55:55
  No, no, no day. Yeah, yeah, the following day
• 55:57
  after the 21st. It would be symbolic if it's the
• 56:00
  21st. Yeah, on January 21st, like
• 56:04
  technically Ross should be free because that's he promised
• 56:09
  Bitcoiners, Bitcoiners delivered with the vote, right?
• 56:12
  We have to hold him accountable for that.
• 56:13
  I think he's going to keep his promise in my humble opinion.
• 56:17
  But you know, again, we'd Bitcoin and Bitcoiners don't
• 56:21
  need special treatment from the government.
• 56:24
  We just need the government to leave us alone on the regulatory
• 56:27
  perspective. We can't have Lightning wallet
• 56:29
  developers fleeing the United States, right?
• 56:31
  It's not good, right? So anyways, that's my take.
• 56:34
  Bram, what's your take? Wait, wait, before Bram goes and
• 56:36
  I just have a quick take and it's more trolley than anything
• 56:39
  that we are on the best timeline possible with Trudeau resigning
• 56:42
  and a potential, you know, another pro Bitcoin leader in
• 56:47
  the northern hemisphere. So I think I think it's going to
• 56:51
  be a great 2025. I love being on this timeline.
• 56:54
  Bram, jump in. You're you're muted.
• 56:57
  You're muted bro. That's a rookie mistake.
• 57:00
  I said I love the timeline. I love the idea of Ross being on
• 57:06
  Joe Rogan. You know, think about that and
• 57:08
  just telling this story to the to the entire world, you know,
• 57:12
  like it. It really feels like since the
• 57:16
  like Trump election, kind of like the pendulum has swung the
• 57:19
  other way. And what I love is that Nico
• 57:21
  just said the word liberal, right?
• 57:23
  Like another liberal will replace them.
• 57:25
  And then I felt like, liberal what?
• 57:27
  What does liberal actually mean? Because like liberal is used
• 57:30
  differently in a political sense, I think in Europe and in
• 57:35
  America, but then also in Canada, because in America now
• 57:37
  these people say I am a progressive, right?
• 57:40
  So they are, they stopped using the word liberal because I
• 57:44
  actually Googled if you Google liberal word meaning, which is
• 57:46
  funny, right? Because you should know what it
• 57:48
  is. But if you say I'm a liberal
• 57:50
  politician under liberal, it actually says this for the
• 57:54
  adjective willing to respect or accept behavior or opinions
• 57:58
  different from one's own. Open to new ideas?
• 58:01
  The other one is relating to or denoting a political or social
• 58:04
  philosophy that promotes individual rights, civil
• 58:07
  liberties, democracy and free enterprise.
• 58:10
  And why is it it's so crazy that all the liberal people, all the
• 58:14
  people that are for civil liberties are actually the ones
• 58:18
  that are working against freedom of speech, against freedom of
• 58:23
  money and, and all these things, right?
• 58:25
  So that's I think the main thing I took from what Nico just said,
• 58:28
  is like, it's just so crazy that these people still call
• 58:30
  themselves liberal, but they're working against all these things
• 58:34
  that would actually give us more freedom.
• 58:37
  Yeah. And so that's a really good
• 58:39
  point. So to answer your question,
• 58:41
  Bram. So essentially it's by design.
• 58:43
  They caught the language. Hayek mentioned this in the in
• 58:45
  the book Road to Serfdom. There's a reason that the
• 58:50
  Democratic Party, every conservative party around the
• 58:53
  world is essentially blue and every left wing party around the
• 58:58
  world is essentially red. But since the Reagan revolution,
• 59:03
  essentially for some reason or the other, the Republican Party
• 59:05
  in the United States is red in the in the Democratic Party, the
• 59:09
  left wing party is blue, right. Coincidence.
• 59:11
  And then of course you know you can go into the the rabbit hole
• 59:14
  of. Reagan upside down.
• 59:16
  You can go. You can go into the very famous
• 59:19
  red flag that. Way, yeah, and then you.
• 59:21
  Can go. Into the, you can go into the
• 59:23
  rabbit hole of, you know, Reagan essentially ending the USSR and
• 59:27
  all that stuff. But again, we don't have to talk
• 59:29
  about that. I'm just mentioning it.
• 59:31
  But anyways, should we? Should we hit the?
• 59:35
  Should we hit the? Yeah, yeah, yeah.
• 59:36
  Let's, let's get in the culture, guys.
• 59:38
  We're going to talk about Bram and his content creation.
• 59:40
  We have, we have, we have lots to talk about guys.
• 59:43
  So we're going to hit the culture.
• 59:44
  We'll be right back. Bram is an up one of the best up
• 59:48
  and coming Bitcoin podcasters that came out of nowhere, came
• 59:52
  into the Bitcoin scene. He's making incredible content.
• 59:55
  I believe he just joined on ramp Bitcoin as well.
• 59:59
  So we're going to talk about Bram.
• 1:00:00
  We're going to talk about his podcast.
• 1:00:01
  We're going to talk about what he's doing.
• 1:00:03
  He says he makes some. Incredible content.
• 1:00:05
  So we'll be right back. We're going to hit the culture.
• 1:00:08
  I want to give a shout out to our sponsor, Hive Digital
• 1:00:11
  Technologies. As the first ever public miner,
• 1:00:14
  Hive's been battle tested through every possible market
• 1:00:18
  and as the first with an AI strategy, Hive continues to
• 1:00:23
  redefine the future of sustainable energy.
• 1:00:26
  Also got to casually drop this in here.
• 1:00:28
  Hive consistently tops the industry in Bitcoin mine for
• 1:00:33
  Exahash. They're lean and mean, they're
• 1:00:35
  green and clean, and they're changing the game.
• 1:00:39
  Learn more by following them at Hive Digital Tech or check out
• 1:00:42
  their website, hivedigitaltech.com.
• 1:00:59
  All right everybody, I do want to give a shout out to our
• 1:01:01
  sponsor, Bit Block Boom. Guys, it's going to be one of
• 1:01:04
  the best Bitcoin conferences of the year.
• 1:01:07
  It's going to be hosted in Dallas, TX, April 3rd through
• 1:01:11
  the 6th of 2025. You definitely don't want to
• 1:01:15
  miss one of the biggest Bitcoin celebrations of the year.
• 1:01:20
  The conference isn't big enough, so you get lost in the sauce.
• 1:01:23
  It's actually just the right size so you're able to network
• 1:01:26
  with some of your favorite Bitcoiners and also their
• 1:01:29
  favorite Bitcoin company. So if you're trying to get a job
• 1:01:31
  in the industry, actually the Bit Block Boom conference is the
• 1:01:34
  conference ago. In fact, it's the first
• 1:01:36
  conference for me and Opti met each other in person in real
• 1:01:40
  life. You definitely don't want to
• 1:01:41
  miss it. Simply, Bitcoin's going to be
• 1:01:43
  doing the production. Our entire team's going to be
• 1:01:44
  there. Dante, Rustin, Opti, Nico.
• 1:01:47
  Definitely don't want to miss this Bitcoin celebration again
• 1:01:50
  happening April 3rd through the 6th in Dallas, TX of this year.
• 1:01:57
  So hope to see you guys there. It's going to be absolutely
• 1:01:59
  incredible. If you use promo code BBB 21,
• 1:02:04
  you get $100 off off of your tickets.
• 1:02:08
  We hope to see you guys at Bit Block Boom in Dallas, TX get
• 1:02:13
  your tickets quickly because the prices do increase as time goes
• 1:02:18
  by. Anyways, I do want to welcome
• 1:02:20
  our guest today. Adding has been adding
• 1:02:23
  phenomenal commentary all day long about all the various
• 1:02:26
  topics that we've been talking about.
• 1:02:29
  We got Bram in the house. We're going to pull up his
• 1:02:32
  YouTube channel. Here we go.
• 1:02:34
  This is the website, I got it right here.
• 1:02:37
  OK, let's pull up. There we go.
• 1:02:40
  First of all, incredible branding, great colors, and Bram
• 1:02:44
  is known to bring some of the best guests in the space.
• 1:02:48
  We got our boy James from Stamp Seat in the house.
• 1:02:52
  We got CJ, we got Jeff Booth, we got wine a kiss.
• 1:02:57
  Next to me, we got Neil Jacobs, we got Caitlin Long.
• 1:03:02
  I'm going to put the camera on Wine a kiss, Wine a kiss.
• 1:03:05
  What's a knack? Wine.
• 1:03:06
  A kiss? What's a knack?
• 1:03:07
  69 sats are the standard. Wine a kiss.
• 1:03:11
  We got Neil Jacobs. We got Caitlin Long.
• 1:03:16
  We got Bitcoin Shooter. We got Michael Saylor.
• 1:03:18
  Himself Bitstein. Yeah, we got Brandon from Green
• 1:03:24
  Lit Canada. We got here with.
• 1:03:25
  Charlie, you get the point. You get pulling Bram.
• 1:03:28
  Books some legends, he books Bitcoin legends to come in his
• 1:03:32
  awesome podcast. You go give him a follow at
• 1:03:35
  Bitcoin Bram on YouTube. He has 12,700 subscribers
• 1:03:40
  already and it's just growing from there.
• 1:03:43
  Bram Well, dude, you came on the scene out of nowhere, you hit
• 1:03:46
  the branding, you got it perfectly.
• 1:03:48
  Bran and branding. Maybe there's something there's
• 1:03:51
  something there, maybe there is isn't, but yeah, man.
• 1:03:54
  Well, dude, welcome to the show. Big fan of your work.
• 1:03:57
  Big fan of your podcast, I believe.
• 1:03:59
  I think I was a guest once on your podcast.
• 1:04:01
  I appreciate that invitation. What?
• 1:04:04
  Oh, yeah. Yeah.
• 1:04:04
  I think we have it scheduled, right.
• 1:04:07
  So I'm really excited for that. Well, thank you for coming on
• 1:04:10
  1st to ours. I appreciate that.
• 1:04:13
  So, dude, where'd you come from? You just came out of nowhere,
• 1:04:16
  man. What happened?
• 1:04:17
  I just, you know, and then you had it you.
• 1:04:19
  Had it? You had a different name.
• 1:04:21
  It was Bitcoin for millennials. It's the podcast is called
• 1:04:24
  Bitcoin for Millennials. So if you search on like
• 1:04:26
  Spotify, Apple, etcetera, it's Bitcoin for millennials.
• 1:04:31
  So these videos with the guests are a part of the podcast
• 1:04:34
  Bitcoin for millennials. And yeah, this was the last time
• 1:04:36
  that we were live with Katie. That was that was fire too.
• 1:04:39
  And yeah, I'm gonna I I really want to post like more stand
• 1:04:43
  alone videos and stuff as well. Like it's been mostly been
• 1:04:46
  podcast, the podcast, but I'm working with the editor now.
• 1:04:50
  And so this year we're really going to focus on like also
• 1:04:54
  publishing more standalone videos.
• 1:04:56
  And I think that's a fun question.
• 1:04:58
  Like where did you come from? Like I just said, like I've been
• 1:05:00
  lurking. I've been in Bitcoin since 2014.
• 1:05:03
  I think I've been lurking, I want to say lurking, just
• 1:05:07
  tweeting about it sometime, but not really contributing.
• 1:05:10
  And then like just over a year ago, so like September 23, I, I
• 1:05:16
  started with a podcast. Yeah, that's just really when I
• 1:05:20
  decided like every day I wake up, I think about Bitcoin and I
• 1:05:24
  thought like the rest of my life, I'm going to think about
• 1:05:26
  Bitcoin. So I really want to contribute
• 1:05:28
  to it. And then I thought, fuck it, why
• 1:05:30
  not another podcast. But yeah, really focused on
• 1:05:34
  millennials. You know, like, I think there's
• 1:05:37
  two things why Bitcoin is perfect for millennials. 1 is
• 1:05:41
  that we have a huge problem, like the whole idea of
• 1:05:47
  retirement or following the path that your parents or your
• 1:05:51
  grandparents followed, right? Like you go to school, you get
• 1:05:54
  an education, you get a job, you get a house, a family, etcetera.
• 1:05:57
  Like all these things, like just the easiness of how that came to
• 1:06:03
  them is yeah, gone basically. Shout out to planet Earth, you
• 1:06:10
  know, that's basically gone. And I had a fascinating
• 1:06:12
  conversation with Tom Carrazza where we talked about, you know,
• 1:06:17
  let's say you want to have like a luxury retirement, right?
• 1:06:21
  And you're thinking about like a luxury for me would be like
• 1:06:24
  going on A10, a $10,000 holiday every year.
• 1:06:27
  Like that would be ultimate luxury, right?
• 1:06:30
  And so if you know, I'm late 30s, if I would calculate, you
• 1:06:33
  know, over the next 30 years until my retirement, there's a
• 1:06:37
  7% inflation each year, which is very conservative, OK, After
• 1:06:45
  seven years, this vacation will not be 10K, it will be $37,000
• 1:06:53
  units, right? So you would need $37,000 units
• 1:06:56
  to go on that same type of holiday.
• 1:06:59
  And if you would just have $10,000 units in your
• 1:07:03
  retirement, right in that year, you could only go on a holiday,
• 1:07:07
  which is equivalent to what is now $3000 basically.
• 1:07:12
  And when we talked through that, you know, we realized that no
• 1:07:16
  one is thinking about how many dollar units do I actually need
• 1:07:20
  to mitigate inflation so that I can do XYZ in my retirement,
• 1:07:26
  right? And then of course, people say,
• 1:07:27
  well, you put it in a retirement fund and that invests and blah,
• 1:07:30
  blah, blah. But we've seen that the S&P 500
• 1:07:34
  basically returns the inflation and you are flat on any, any,
• 1:07:40
  any profit. So you only mitigate the
• 1:07:42
  inflation. And like, who's gonna do that
• 1:07:45
  for 30 years? You know, that's also another
• 1:07:47
  fault I have like who's gonna DCA $100 a month in the S&P 500
• 1:07:53
  for 30 years and then have like the one point something,
• 1:07:55
  something or two point something, something $1,000,000
• 1:07:57
  that like all the the the the finance people talk about like
• 1:08:01
  who who's going to do that? Right.
• 1:08:02
  So that entire Ave. of making sure that you save towards your
• 1:08:10
  future, you lower the uncertainty towards your future
• 1:08:12
  so you can actually be optimistic about your future,
• 1:08:16
  you know, and build a family and eventually go into retirement.
• 1:08:19
  Like that whole structure is totally gone.
• 1:08:22
  And now someone says like the baby boomers are completely out
• 1:08:25
  of touch and don't believe how bad things are.
• 1:08:28
  That is true. But yeah, So what?
• 1:08:31
  Like why should we point at the baby boomers?
• 1:08:33
  Like we have a problem to solve? And I think that problem can be
• 1:08:37
  solved by adopting Bitcoin as the ultimate savings technology
• 1:08:41
  for us. And why are millennials so well
• 1:08:45
  prepped to actually understand Bitcoin is because we have lived
• 1:08:49
  through every big or not every big.
• 1:08:54
  We weren't there with the car and all that stuff, but not like
• 1:08:57
  in our youth we went from cassette tapes to CDs to
• 1:09:01
  minidisc to MP3 to eventually streaming.
• 1:09:05
  Same as with, you know, the TV, same as with VHS tapes to DVDs
• 1:09:09
  and etcetera. Like we understand how things
• 1:09:13
  that seem ingrained as technology in our society
• 1:09:18
  actually changes. And if you think about gold,
• 1:09:20
  like just shiny rocks are saving in money that devalues
• 1:09:25
  programmatically over time, those are inferior ways that you
• 1:09:29
  can save towards your future. And I really think that our
• 1:09:33
  generation is poised to understand that perfectly.
• 1:09:38
  And it's our biggest opportunity to actually have a better future
• 1:09:42
  than our better life that our parents did, and actually also
• 1:09:45
  give that to our children, like the Boomers had real estate,
• 1:09:48
  Gen. X at the S&P 500, and Bitcoin is
• 1:09:51
  basically the S&P 500 for millennials.
• 1:09:53
  So that's the reason why I started the podcast.
• 1:09:56
  And yeah, it's been fun. To see how going.
• 1:09:59
  I love that Bitcoin is essentially the S&P 500 for
• 1:10:03
  millennials. That is one hundred 100% agreed.
• 1:10:07
  Yeah. I mean, because it just.
• 1:10:08
  It's like, you know, when you're trying to build wealth, like,
• 1:10:13
  you know, an 8% return a year on a, on a Goodyear, right, S&P, if
• 1:10:18
  you factor in inflation, right, you're really not growing your
• 1:10:21
  wealth. So unless you have like a
• 1:10:23
  substantial amount of wealth, you know that five 8% isn't
• 1:10:28
  going to take you anywhere, right?
• 1:10:30
  So you see Bitcoin and you're like, wow, you know, you know,
• 1:10:34
  if, if Sailor's right and we're getting a 30 to 40% compound
• 1:10:38
  interest rate of 30 to 40% for the next 20 years, like I could
• 1:10:43
  actually retire. I could actually, you know, have
• 1:10:46
  a house. I, I actually, I can have
• 1:10:48
  dignity in my life. You know, I, I'll actually own
• 1:10:51
  something and be happy rather than falling for the boomer
• 1:10:55
  propaganda of you own nothing and be happy.
• 1:10:57
  Everything's OK. I'll add two things.
• 1:10:59
  I'll add two things because I see two comments that that stand
• 1:11:02
  out to me right, Like 1 was SAT wise that mentioned the boomers,
• 1:11:07
  he says. Well, the reality is they have
• 1:11:09
  all the capital. That's why I'm pointing at them
• 1:11:10
  very true, but they're all gonna die right.
• 1:11:13
  That's why Bitcoin is the. And and and they're gonna and
• 1:11:17
  it's because of natural. Classes OK.
• 1:11:20
  It's biological, right? It just they will.
• 1:11:23
  Pass. On Yeah, the new.
• 1:11:25
  Generation. That's that's, that's the cycle
• 1:11:28
  of life. I'm too sweet, guys.
• 1:11:30
  Come on. They're.
• 1:11:31
  I know, I know these these sensors got us PTSD here.
• 1:11:38
  Three companies own 88% of the SOP.
• 1:11:40
  Anyway, they got ahead OK. The whole point is they had a
• 1:11:43
  vehicle. The other generations had a
• 1:11:45
  vehicle to go ahead. And the boomers will die and
• 1:11:47
  this will be one of the biggest wealth trends.
• 1:11:50
  Die of natural causes, guys, they will usher in the biggest
• 1:11:55
  wealth transfer of our time. And now you have to think about
• 1:11:59
  your you have to think for yourself if you're a millennial
• 1:12:01
  or Gen. Z, how am I going to safeguard
• 1:12:05
  that inheritance? If you're lucky enough to get an
• 1:12:08
  inheritance, I don't get any inheritance, for example, but if
• 1:12:11
  you get something, how are you going to safeguard that?
• 1:12:13
  Are you going to go to some financial advisor who says like,
• 1:12:17
  Oh yeah, this Bitcoin thing that is already existing for 16 years
• 1:12:22
  and countries are buying and the president is going to by ETC.
• 1:12:25
  Oh, no, no, that's too risky that's too risky.
• 1:12:27
  Like you don't you don't need these people just as like we are
• 1:12:30
  all the media now all the information is out there for
• 1:12:34
  free on the on the Internet. You don't need any intermediary
• 1:12:38
  to figure out how to store your wealth towards the future.
• 1:12:42
  And so yes, they have the money, but this wealth transfer is
• 1:12:46
  coming. That's one.
• 1:12:47
  And I saw another another comment that said I have to
• 1:12:52
  Scroll down. Man, Chad crazy.
• 1:12:54
  Chad's crazy. And simply, Chad is lit.
• 1:13:00
  Give me, give me one second. I'm scrolling down.
• 1:13:03
  Wow, guys, stop talking. Oh yeah, about the AI.
• 1:13:09
  Like people still haven't taken in that AI is arriving and will
• 1:13:12
  change it all. That's so true.
• 1:13:14
  If you boomers are going Luigi, rumors are going Luigi.
• 1:13:23
  OK, so you know, the AI thing, if you, if you go to my YouTube
• 1:13:27
  channel, I have a I have a podcast with Jeff Booth, like
• 1:13:30
  one of the latest videos where I asked him like 20 questions from
• 1:13:33
  from people on X that send me in questions that I asked him.
• 1:13:36
  And we extensively talked about, you know, this AI boom.
• 1:13:39
  And, and what is very interesting is that of course
• 1:13:42
  Jeff Booth talks about that improved technology improves
• 1:13:47
  productivity, which eventually lowers prices of everything.
• 1:13:51
  So he says deflation of all the prices and technology, etcetera
• 1:13:54
  is natural. AI is going to create a crazy
• 1:13:59
  productivity boom, right? The robots and the software is
• 1:14:03
  all going to do all our tasks for us and we're going to
• 1:14:07
  optimize a lot of things which should actually drive prices
• 1:14:12
  down. But because we price everything
• 1:14:14
  in a money that's inflationary, right, more units are created
• 1:14:18
  all the time to service the debt of America and America has the
• 1:14:23
  world reserve currency so they export all the all the
• 1:14:25
  inflation. There's actually a very big
• 1:14:28
  battle going on of deflationary technology that is battling
• 1:14:32
  against inflationary field money that can only be inflated for
• 1:14:37
  the system to to exist. So if you're going to measure
• 1:14:42
  all the AI productivity gains in that are deflationary,
• 1:14:46
  eventually in an inflationary money, you're going to offset
• 1:14:49
  like all those gains. And so technologically, AI is,
• 1:14:53
  is the biggest boom of of our lifetime and should bring the
• 1:14:57
  most prosperity, but we will fuck that up if we keep using
• 1:15:01
  Fiat money. So when I talked with Jeff about
• 1:15:04
  it, he said Bitcoin is basically the best AI play that you can
• 1:15:08
  make because the best way to price all the productivity gains
• 1:15:12
  that come from AI is in Bitcoin because Bitcoin is the best and
• 1:15:16
  most stable measuring stick of value, of economic value in the
• 1:15:20
  world. Because we know that one Bitcoin
• 1:15:22
  will forever be one Bitcoin. And that in itself that security
• 1:15:27
  or that assertion towards the future is actually the value
• 1:15:31
  that Bitcoin produces. So I wanted to add on that
• 1:15:34
  because I saw that like a lot of people talk about, Oh, well, all
• 1:15:36
  the AI stuff. Yeah, AI.
• 1:15:38
  The convergence of AI and Bitcoin is perfect timing.
• 1:15:43
  Love it, love it. Yeah.
• 1:15:45
  And and then one of the things that too like that Jeff
• 1:15:47
  mentioned or I love this, right, which is like what would happen
• 1:15:51
  to AI under a Fiat standard and what would happen with AI under
• 1:15:55
  a Bitcoin standard? And it's totally different
• 1:15:57
  because AI under a Fiat standard, it would be coercive
• 1:16:01
  by nature in order to keep the system in in to to keep the
• 1:16:06
  system continuing. But an AI under a Bitcoin
• 1:16:10
  standard, again, because all the incentives are aligned, because
• 1:16:13
  it's a non coercive system, it's an incentive based system, AI
• 1:16:17
  could actually work to your benefit.
• 1:16:19
  And one of the things too, that Jeff pointed out, and I love the
• 1:16:22
  way that Jeff looks at this, which is that he makes the case
• 1:16:25
  that the world is naturally deflationary.
• 1:16:28
  And Bitcoin is the only unit of account that is actually able to
• 1:16:33
  portray that because everything else is so manipulated and
• 1:16:36
  controlled by governments. And it creates this
• 1:16:39
  artificiality where the world is inflationary, where it shouldn't
• 1:16:43
  be because of all the technological and productivity
• 1:16:47
  advances that we've had, you know, as a society over the last
• 1:16:52
  100 years. And we don't see this like, you
• 1:16:55
  know, and to go back to the name of your podcast, Bram, and
• 1:16:58
  we'll, we'll, we'll kind of wrap it up with this, like, you know,
• 1:17:02
  why are we poorer than our parents?
• 1:17:05
  Like we have better technology, better productivity.
• 1:17:09
  Why are we poor? The answer is Fiat.
• 1:17:13
  The answer is inflation. Like that is the answer.
• 1:17:16
  One thing that we should not be. Poor one thing that Why is it
• 1:17:20
  funny? Why is it a joke when you say
• 1:17:22
  like, like, oh, in the 1960s a bread was $0.50 and now a bread
• 1:17:28
  is $5. Ha ha, ha, like that, you know,
• 1:17:30
  like that's like a common joke. But why is that?
• 1:17:33
  It's not because the the energy or the machines, you know, have
• 1:17:40
  become less productive in making bread.
• 1:17:43
  You know, in general, any technology has advanced since
• 1:17:47
  50-60 years ago. But why is the product of that
• 1:17:50
  technology? Why does do you need more units?
• 1:17:53
  You know, does an apple need more energy from the sun to, to
• 1:17:59
  become an apple? You know, like, no, but you pay
• 1:18:02
  more dollar units for the apple and for the bread.
• 1:18:05
  And that's because the those units themselves that you use to
• 1:18:09
  price all these things in, those are losing value, right?
• 1:18:12
  But still people are laughing like, Oh yeah, it used to be
• 1:18:14
  like $0.50 back in the day. Like that's how bad it is guys.
• 1:18:17
  Like that should be a signal for you.
• 1:18:19
  That's how far off we are from the scale.
• 1:18:22
  Because if you think about technological advancements that
• 1:18:25
  have been done in 60 years, priced correctly, you know, in
• 1:18:29
  not in an inflationary money. Why are people still hungry?
• 1:18:33
  Why isn't there free bread? Why don't I have like a little
• 1:18:35
  pill that I pop in a in some water and then like a breath
• 1:18:39
  comes out right? Like why aren't we?
• 1:18:41
  Why aren't we there not even talking about?
• 1:18:44
  Why airline travel getting more miserable?
• 1:18:48
  Why is airplane airplane from the 70s?
• 1:18:50
  They serve steak dude like they they they have.
• 1:18:53
  Spacious and had like really nice carpet and like comfy seas
• 1:18:56
  it was. It was, it was, it was pretty
• 1:18:59
  crazy. It was pretty crazy.
• 1:19:00
  Anyways, we are getting to the top of the hour.
• 1:19:03
  I do want to give a shout out to the poll.
• 1:19:05
  I asked you guys on the YouTube poll.
• 1:19:07
  I said what will the Bitcoin top be in 2020?
• 1:19:10
  539% of you guys said 300 K plus 22% of you guys said 150 K
• 1:19:17
  bearish, 20% said 200 K 17% of you guys said 250K and 353 of
• 1:19:24
  you guys voted. So wait, wait, Nico.
• 1:19:26
  And this poll itself is bearish. So what are you doing here?
• 1:19:30
  I Bram, I I do want to give you the opportunity to say the last
• 1:19:34
  words to our audience. Why don't you tell everybody?
• 1:19:36
  Nothing. Wait, wait.
• 1:19:36
  I want to tweet this. Nico, I want to tweet this.
• 1:19:40
  Do all right, Bram, you have a podcast named Bitcoin for
• 1:19:44
  Millennials. So if there happens to be a
• 1:19:47
  millennial here that sat through the whole show, they're still on
• 1:19:50
  the fence. What would be your two-minute
• 1:19:53
  elevator pitch on why they should be buying Bitcoin?
• 1:19:56
  And then you can plug all your socials.
• 1:19:58
  Because you have no future. You have no future in.
• 1:20:03
  Money where in a world where the money is inflationary, you'll
• 1:20:07
  keep running on the hamster wheel that will never stop for
• 1:20:11
  you because everything that's promised towards the future, for
• 1:20:14
  example, in America and like All in all the other countries,
• 1:20:17
  there's the same type of money system.
• 1:20:19
  If you go to theusdebtclock.org, on the top left, you see the the
• 1:20:24
  US debt. But what's even worse is if you
• 1:20:26
  go to the bottom right, you see unfunded liabilities which are
• 1:20:29
  over $200 trillion. Those are all promises that have
• 1:20:34
  been put on paper and promised to, in this case, the people of
• 1:20:38
  America. And if America actually wants to
• 1:20:41
  pay for that, they have to print themselves into oblivion, which
• 1:20:44
  will inflate this currency crazy and everything will implode all
• 1:20:48
  around the world, which I hope won't happen.
• 1:20:52
  But the writing is on the wall. And so the thing you have to do
• 1:20:56
  is start thinking for yourself. Start realizing that the future
• 1:21:00
  is not as pretty as you thought it would and study Bitcoin and
• 1:21:04
  really study it before you get into it.
• 1:21:07
  Because eventually when you get it that this is a money that has
• 1:21:11
  absolute scarcity, which is the greatest invention of our time,
• 1:21:14
  that then you will also realize that this is the best savings
• 1:21:18
  technology that you can use to lower the uncertainty towards
• 1:21:21
  the future future. To actually have a positive
• 1:21:23
  outlook on the future, which will make you have a positive
• 1:21:26
  outlook in the now and will turn you into a builder instead of
• 1:21:30
  the consumer that you're forced to be.
• 1:21:31
  Because your money that you have now, the Fiat money you have now
• 1:21:34
  is worth the most today. That's why you're spending it on
• 1:21:38
  all this stupid shit. And you should be saving towards
• 1:21:41
  your future. And the only way to do that is
• 1:21:43
  with Bitcoin. Let's go.
• 1:21:46
  OK, Bram? Great.
• 1:21:49
  Someone take this out. I'm brought away from Nico
• 1:21:51
  Brian. When you plug your socials, your
• 1:21:54
  Twitter, your YouTube, wherever you want to direct people.
• 1:21:57
  And then we'll wrap up today's show.
• 1:21:59
  Yeah, socials very easy. I think it's on the screen.
• 1:22:01
  I'm on X Bramk BR AM K and people can find my podcast
• 1:22:06
  Bitcoin for Millennials on Spotify, Apple fountain
• 1:22:09
  everywhere. Also, if you type it on YouTube
• 1:22:11
  and on YouTube, it's Bitcoin Bram.
• 1:22:12
  So hopefully see you there and thanks guys again for the
• 1:22:14
  opportunity to chat. So I appreciate you.
• 1:22:17
  Love, love it man. Thank you so much for joining us
• 1:22:20
  guys. This was January 7th, 2024.
• 1:22:23
  Simply Bitcoin live in the host seat today Optimus feels filling
• 1:22:27
  in for me while my my throat recovers.
• 1:22:29
  Hopefully I won't wake up. It will be better tomorrow.
• 1:22:32
  But shout out to Opti for coming in hot and of course, our
• 1:22:35
  special guest for today, Bram Canstein.
• 1:22:40
  Well done, brother. Go give him a follow.
• 1:22:43
  Nailed it. Go give him a follow.
• 1:22:45
  Great up and coming Bitcoin content creator.
• 1:22:47
  Huge fan of his work, so definitely go give him a follow
• 1:22:51
  on all the socials. Anyways, guys, if you guys
• 1:22:53
  enjoyed today's show, smash the like button.
• 1:22:55
  Consider subscribing if you feel like we provided you value, and
• 1:22:58
  we'll see you tomorrow for a brand new episode of Simply
• 1:23:01
  Bitcoin. Today's episode was brought to
• 1:23:03
  you by bitcoinwell.com, a Bitcoin only platform on a
• 1:23:06
  mission to enable financial independence.