Latest / Simply Bitcoin / BlackRock Bitcoin ETFs Makes HUGE Comeback | EP 955

Transcript

BlackRock Bitcoin ETFs Makes HUGE Comeback | EP 955 · Simply Bitcoin

0:03
It's all. Going to zero against Bitcoin.
0:07
It's going on forever. You're against Bitcoin.
0:17
You're against freedom. Yeah.
0:23
Welcome to another episode of Simply Bitcoin Live.
0:25
Your number one source for the peaceful Bitcoin revolution.
0:27
Cover breaking news culture. Matic Warfare will be your guide
0:29
through the separation of money and state.
0:32
Ladies and gentlemen, welcome to the most watched Daily Bitcoin
0:35
Live show on YouTube. Rumble Annex.
0:36
Welcome to Simply Bitcoin. Lots of stuff to cover on
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today's show. Blackrock's ETF.
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The ETFs in general make a comeback.
0:47
It looks like Grayscale has been dumping their Bitcoin.
0:50
People have been dumping the Grayscale ETF and it's putting a
0:53
lot of downward cell pressure on the market.
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But they made an enormous comeback.
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This is exactly why we went from 62K back up to 70,700 I think we
1:05
touched and now we're sitting at 70 K So look, we're literally
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like 2K away from all time highs.
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This is, you know, this, we're very close to price discovery
1:15
mode. I think it's going to happen a
1:17
lot sooner rather than later. Also in other news, I was kind
1:21
of like going back and forth and I saw a lot of you guys in the
1:24
chat asking about this. I was like, should I make the
1:26
title about BlackRock or should I make the title about Jack
1:29
Mahler's? But Jack Mahler's went on an
1:31
epic little like rant or speech and he basically revealed what
1:35
his portfolio is. And it's very similar to what
1:39
simply Bitcoins portfolio strategy is very similar.
1:41
Similar to what my personal portfolio strategy is, but it's
1:45
really not that simple. But I understand how a lot of
1:49
people can see it as complicated because we've been living in
1:53
this upside down Fiat world where you are forced to become a
1:58
part time investor just to maintain your purchasing power
2:02
on a Bitcoin standard. If you're saving and earning in
2:05
Bitcoin, you don't have to become a part time investor.
2:09
You literally buy Bitcoin, earn Bitcoin, mine Bitcoin, take that
2:12
Bitcoin into self custody and that's it.
2:15
Simple. You could do whatever you want.
2:17
If you're a dentist, you know, if you surf, if you make
2:20
content, life becomes a lot easier.
2:23
Because if you earn any type of wealth, right, or if you earn
2:26
any type of money, you could just, you know, save it for a
2:29
rainy day. Bitcoin is savings.
2:31
Bitcoin makes it simple. In fact, if you spent so much
2:35
time in the Fiat matrix, Bitcoin is so simple.
2:38
The Bitcoin strategy of stay humble, stack SAT, stay solvent.
2:41
It's so simple. It's complicated for people.
2:44
In other news also we're going to do a little quick update on
2:48
the EU and their recent measures with the, I'm going to call it
2:52
the draconian AML and KYC requirements are going to have a
2:57
little update on on for for you guys on that.
3:00
And of course this just came out on Reuters this morning, quote
3:04
swift planning launch of new central bank digital currency
3:07
platform in the next 12 to 24 months.
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So ladies and gentlemen, the future in front of you is
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Bitcoin or slavery. When I say slavery, of course
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I'm referring to the central bank digital currencies.
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That's going to give like a God like power to the bureaucrats,
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to the government to basically get to dictate what you can and
3:28
what you cannot do for your money.
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So it's really, really important to stay on top of, you know what
3:34
the other side of what the other side is doing.
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The party of green, remember guys, is not left versus right,
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It's not red versus blue. It's the party of Bitcoin, the
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party of orange versus the party of green, the party of Fiat, the
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party of optimism, the party of prosperity, the party of hope
3:49
versus party of nihilism, slavery and all the bad things
3:54
under the sun. Anyway, it's going to be a great
3:56
show ladies and gentlemen and we have some awesome guests today.
4:00
But first I'm going to bring up my Co host who's always
4:02
optimistic. That's why they call him
4:04
optimist fields. How you doing Opti?
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I'm doing wonderful, man. Optimism is a superpower in
4:10
clown world today. So you got to stay optimistic.
4:13
And of course we're bit corners like life.
4:15
How can we complain? We we got the best money in the
4:18
world. We got the best operating system
4:20
in the world and then we can lookout at the rest of the world
4:23
and be like, man, y'all are crazy.
4:25
What is going on here? Just simplify your life, man.
4:27
Just simplify your life. Stack Bitcoin and chill.
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It's the it's the easiest life. Chill.
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You gotta brand that stacked Bitcoin and.
4:35
It's the easiest thing to ever do And and back to kind of what
4:38
you said in the beginning and I'm glad you're going to play
4:40
the Jack Muellers clip. This is literally the shill.
4:44
I tell everyone I I think I even brought it up yesterday.
4:46
I was having a conversation with an Uber driver and she's telling
4:50
me she's like, Oh yeah, trade stocks.
4:52
And I'm trading cryptos and I'm watching the charts.
4:55
And I'm like, I do not want to look at charts anymore in my
4:58
life. I just want to stack Bitcoin and
5:01
know that it's going to go up, that my purchasing power is not
5:04
going down. It's so simple.
5:06
We we live in this world now where we love to complicate
5:09
things. And when you give them a simple
5:11
answer, they're like, no, that that can't work.
5:13
We got to do all this financial trickery to get rich.
5:15
And you're like, no, just save in Bitcoin.
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It's literally this easy. Anyways, let's get up.
5:20
Let's get our guests up. And before we get our guests up,
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I do want to give a very quick shout out to the Super Chat.
5:25
Will and I appreciate the $2.00. I have arrived.
5:28
I'll replay after. Appreciate it.
5:30
Will, thank you so much for supporting the show.
5:32
All right, ladies and gentlemen, no more delay.
5:33
I do want to bring our very special guest.
5:36
And of course we got the boys from the BTC Prague conference.
5:41
We got Martin and we got Matthias.
5:43
How you doing guys? Thank you so much for joining us
5:45
on Simply Bitcoin Live. Hey, everyone.
5:49
Hello. Thank you.
5:51
The. Boys and and the brothers, yeah,
5:54
we talk at the same time. Well, I appreciate you guys
5:58
joining us. It was awesome seeing you guys
6:00
at Bitcoin Atlantis in my later Portugal.
6:02
It was really nice meeting you guys in the flesh and I'm so
6:05
happy you guys join. Are going to join us today on on
6:08
today's show. For anyone who doesn't know,
6:10
these guys are the geniuses behind one of Europe's best
6:14
conferences, the BTC Prague conference.
6:17
You guys have an amazing lineup. Are you drinking, Mati?
6:22
Yes, yes. Oh, what?
6:23
You have Mati over there? Oh my God.
6:26
OK, it's. Imported it's.
6:28
Imported anyways, So yeah. So we're gonna talk a little bit
6:32
about what are we gonna talk about today, Opti?
6:35
Well, I asked them before the show.
6:38
You know, I like to get some pre notes.
6:39
Obviously we're gonna talk about BTC Prague, the conference
6:43
that's going to happen in June. But they're telling me that they
6:46
want to give a little history about the, you know,
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Czechoslovakia and why Czechs are such ardent bit corners.
6:54
And I think there's going to be some good contact for you guys.
6:56
So I'm I'm excited for this one. I love history lessons.
7:00
Wait, it's check. Hold on.
7:01
It's not Czechoslovakia. It's the Czech Republic.
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Oh, the Czech Republic. Yeah, #opti's stupid.
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No worries, we are. We are used to it.
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Hashtag. I'm an American.
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I went to public school in America.
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Oh man. Dude.
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Oh man, that's embarrassing. OK, but yes, we're going to talk
7:21
about Prague. Absolutely Beautiful city as
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well. And we're going to talk about
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the conference. Lots to uncover, guys.
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Strap in. It's going to be a great show.
7:30
We have a lot to talk about, guys.
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Someone in the comments. Opti's stuck in the 1980s.
7:35
Oh man, alright. Guys wasn't even born yet and
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I'm still stuck in there. Oh man.
7:40
Alright guys, before we jump into SO I do want to give a
7:42
shout out to our lead sponsor and of course I am talking about
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And of course we'll we've we have been giving away all these
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9:10
Amen. Self custody by default.
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11:02
All right. At the time of recording, the
11:03
Bitcoin price is 69,930 stats per dollar, 1430 block height,
11:10
836,388 blocks to having 3600 and six 3612 having estimate
11:17
April 20th 2024 total Lightning network capacity 4343 Bitcoin
11:24
stamp seed in the chat. Go pull it up Opti.
11:26
Pull it up Opti. Pull it up.
11:28
Stamp seed in the chat Opti went to Rockefeller Fiat school.
11:31
Don't blame him. That's actually so funny you say
11:33
that because we just had our boy Daniel Prince on to talk about
11:38
Fiat schools that simply Bitcoin IRL is going to be dropping
11:41
tomorrow at 5:00 PM Eastern Standard Time.
11:44
Anyways, having estimate April 20th, 2024 total lightning
11:48
network capacity 4343, Bitcoin capacity value 303 million, U.S.
11:53
dollars Realized monetary inflation 1.73% The market
11:57
capitalization of Bitcoin one point the yeah 1.38% one point
12:02
1.38 trillion and the Bitcoin verse gold market cap 9.96%,
12:08
almost 10%. I here that once the Bitcoin
12:12
market cap reaches 10% of gold, there's a tear that goes down
12:16
Peter Schiff's face. Anyways, ladies and gentlemen, I
12:18
do want to show this epic epic video by Jack Ballers.
12:23
I mean Jack Ballers and look, he says it best.
12:27
I'm a simple man. We are simply Bitcoin.
12:29
It's really that like there's there's there's a method to the
12:32
madness. Is there a reason that we called
12:34
this show simply Bitcoin? Because it's literally just
12:36
simply Bitcoin. It's really that simple and
12:40
seems like Jack Maulers is on that tip as well, he says.
12:42
I'm a simple man. I own my business, the roof over
12:44
my head in Bitcoin. That's it.
12:45
That's My Portfolio. Everything else is short.
12:48
Bitcoin. No thanks.
12:49
Let's check it out. Don't own anything outside of
12:52
Bitcoin, my house and my company, period.
12:56
Because that and we internally at Strike, we actually have this
13:00
culture where the cost of capital is Bitcoin.
13:04
So it's like we don't, we don't have a culture where people are
13:07
like, oh man, we're doing so well.
13:09
We really want to hire all these people or we really want to get
13:11
nicer, nicer desks. We don't have that.
13:15
We as a business, we just stack sets.
13:19
That's 'cause that's it, that's it.
13:21
It's like everything that you spend capital on that isn't
13:24
Bitcoin is your short Bitcoin. So for me personally, this is
13:28
how I live my life. It's either an experience I
13:30
value with people I love or it's a a home, a place where I can
13:36
build experiences and take care of people that I love.
13:39
That's it. That's it.
13:41
I eat ground beef. It is.
13:43
It's crazy. But like, I I mean, my girl
13:47
who's, you know, wasn't initially A bitcoiner when I met
13:51
her. And initially you're like, oh
13:52
man, you know, do you want to get a place in my.
13:57
No, no, no. I get.
13:59
I get homes if I live in them. I don't get real estate.
14:04
I don't get fancy clothes. I don't get anything outside of
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SAT's. That's it.
14:09
I'm not. I'm not buying fucking
14:13
Balenciaga. Fucking no shorting Bitcoin for
14:19
pants. I mean, dude, he's absolutely
14:27
right. And then let's put the, let's
14:29
put the, let's put the actual, you know, don't trust verify
14:33
behind it. He's absolutely spot on.
14:36
If, you know, if, if you're buying something else, you short
14:39
Bitcoin. And if you actually take a look
14:40
at the numbers, you guys know that we love this website.
14:43
Price in Bitcoin 21. Yeah.
14:46
I mean, everything gets cheaper. Housing it gets cheaper.
14:49
Look, yeah, average house in the United Kingdom?
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92% cheaper if you've been living on a Bitcoin standard for
14:54
five years. House in the US?
14:56
87% cheaper. Commodities, propane, gasoline,
15:02
natural gas, oil. All 90% plus cheaper if you've
15:07
been living on a Bitcoin standard.
15:08
Precious metal. This is for you Peter.
15:10
Ship gold has got a 92% cheaper if you've been living on a
15:13
Bitcoin standard. What about Fiat?
15:15
Same thing, Dollar, 94% cheaper. I mean, look, I mean, it's
15:21
pretty self-explanatory. Look, this is personally the
15:25
life philosophy that I live on, right?
15:27
Obviously you need a roof over your head.
15:30
You need the basics, I would say.
15:33
But yeah, I mean, I think I saw a post actually on Nasser by
15:38
American Hoddle. I mean, look, someone in the
15:42
chat stock market, Mike says. Pants greater than Bitcoin.
15:46
Yeah, 100% if you have. Bitcoin greater than pants?
15:49
Bitcoin greater than pants. Yeah, that's right.
15:51
If you have pants, if you still own pants, you are short
15:54
Bitcoin. But if you get arrested for
15:57
walking around without pants, it is not my fault.
15:59
I didn't say that, but but yeah man, I I 100% agree with the way
16:05
that Jack Mahlers is approaching it.
16:08
Maybe it's a generational thing, Opti, maybe it's a generational
16:11
thing, man, because I've seen this.
16:14
It's a little bit different. I've seen I I don't want to name
16:16
any names, but let's say I've had people on on.
16:20
IRL two weeks ago on. IRL that you know are like, look
16:24
like you know, you're you're gonna you're gonna buy the nice
16:27
things and you're gonna buy the thing.
16:29
It's like, dude, I can afford the nice things.
16:31
I just like, you know, I would rather have more sats, right?
16:36
So yeah, and I saw Hoddle, Hoddle say something very
16:39
similar on Noster and literally it was.
16:42
And again, what's interesting is if all these people are kind of
16:46
saying the similar, a similar thing, then I mean I don't think
16:51
it's just one person feeling this way.
16:53
Here is here's Hoddle he, he tweeted this about a day ago
16:57
this on Noster, he said after American Hoddle.
16:59
He says. After having a little money for
17:01
a few years and dabbling and some of the finer things, I
17:04
could tell you that nothing beats an ordinary life.
17:07
Getting a slice of pizza and seeing a movie with your wife.
17:10
Hitting the bar and having drinks and conversation with
17:12
your friends. Hanging out at the park.
17:13
Throwing a Frisbee around. Taking kids for ice cream on a
17:16
hot summer day. An economy plane ticket to go
17:19
visit family or an old friend. A reliable car that takes you
17:22
where you need to go. A great blanket to snuggle in,
17:26
Snuggle up in on a cold day if you have these things.
17:29
Trust me, you're wealthier than you know.
17:31
Drinking $1000 wine and eating caviar with famous people won't
17:35
make you any happier. In fact, it may.
17:38
It may have the opposite effect as the Bitcoin price rises.
17:41
You should definitely dabble and fancy shit if you feel
17:44
compelled, but once you get a peek behind the curtain, you'll
17:48
find out pretty quickly. It's hollow and meaningless
17:50
compared to the things that really matter.
17:52
Ladies and gentlemen, I live in Miami and I can fucking 100%
17:56
attest to what American Huddle just said in that look.
18:01
It's pretty simple. Life is pretty straightforward.
18:04
If you can put food on the table for your family, if you have,
18:07
you put a roof over your head, If you do what you love, if you
18:11
have a purpose to get up in the morning, you know, I I I think
18:16
you'll be happy. Life is pretty straightforward
18:19
that way. And what's awesome about Bitcoin
18:22
is that you know it it it, it gives you the tool.
18:26
It empowers everyone to live that life, that live live the
18:30
life that they want to live, being able to provide for their
18:32
family, being able to put a roof over their head.
18:35
And I think in the Fiat world, I think that's impossible.
18:38
You can't have that life as long as money's stealing from you.
18:43
And this is more, this is, this is you could see this more in
18:46
countries that don't have, you know, the financial privilege
18:49
that we have in the West, that we have relatively stable Fiat
18:52
currencies that are not stealing from us enough for us to, for
18:56
the vast majority of the population to notice.
18:59
But yeah, man, Bitcoin fixes this, you know, fix the money,
19:02
fix the world. And, you know, just stay humble.
19:05
This is what about humble? This is what humble's being all
19:07
about. Look, Mahler's is, you know, the
19:10
CEO of one of the most successful Bitcoin companies in
19:12
the industry. And he's a simple man.
19:15
I'm a simple man too. Opti, on the other hand, he's
19:17
gonna get, he's gonna get leopards and gold chains.
19:21
Opti, could you pull up your picture 'cause that that shit's
19:23
absolutely on? It pass it to the guests and
19:25
then. But I I will say this, guys like
19:29
the the high life, the the the Miami life, the Lambo life, it's
19:34
it's very overrated. Life has a lot more purpose, a
19:39
lot more things to make you happy.
19:41
Start a family, have kids and do what you love.
19:44
And yeah, if what you love is driving Lamborghinis, then OK,
19:48
fine. But I would say 99% of people
19:51
don't fit into that category and we pass it on to Martin first.
19:54
So wait before I do that this is what happens when Bitcoin hits,
20:00
you know, 100K, this is Opti. But the the rest of us, you
20:06
know, the the rest of us live a little.
20:09
Bit there will be signs, right there will be signs.
20:11
There will be signs but. Let let hold on, Let's back up.
20:14
That's in like 20-30 years, man. Can't your boy live after a
20:17
certain point? Man, All right, So, Martin.
20:20
Nico does living in Miami instead of children public means
20:24
that you are shorting the Bitcoin.
20:26
Yes, yes, 100%. I want to get the F out of here.
20:29
I've been wanting to get the F out of here.
20:31
See, Miami is an interesting place because it's so much fun
20:36
and it's so alluring that you know, you could literally be
20:40
doing the same exact thing for like 10-15 years.
20:43
And what happens is that it's an effing time machine.
20:46
So your body ages right, And you see the people around you
20:50
getting older, but you're doing the exact same thing and it's
20:55
just as fun. So Miami's a bit of a trap.
20:57
It's a great city to live, but at the same time it's the most
21:00
Fiat fucking city on the face of the planet.
21:03
And if you if you move here yeah it's it's it's you're definitely
21:10
short Bitcoin if you live in Miami.
21:12
So trying to trying to get the F out of here.
21:14
Anyways, Martin, I hope that answered your question.
21:18
Yeah, yeah, yeah. You answered the question.
21:19
You are more than welcome to join us here, man.
21:21
And I believe that you're going to be surprised how welcoming
21:25
and how many opportunities and options you have here.
21:28
And as we told before, the live show that nobody gives gives a
21:33
shit in Czech Republic, so you can really do whatever you want,
21:36
Be happy stack sets, be humble and still enjoy and not being
21:40
like sorry for yourself that you are short on Bitcoin just
21:44
because living Fiat Miami style we have.
21:47
No offense, man, Yeah. Yeah, throw him under the bus.
21:52
I definitely don't. I definitely, I definitely don't
21:55
live the Fiat, the the Miami Fiat lifestyle anymore.
21:59
Nice in the suburbs. Go to sleep at 9:00 PM, you
22:03
know, Get worried about Opti if he stays past, if he's, if he's
22:07
out and about. Sleep at all.
22:08
You text me at like 1:00 AM my time.
22:11
Bro I'm nocturnal. I I I worry about things but I'm
22:15
I. What I'm trying to say is I
22:17
relax. Anyways Matthias what what are
22:19
your what are your thoughts on this man What are your thoughts
22:22
on what Mahler's said Do you agree with him?
22:24
Do you disagree? I.
22:25
Absolutely agree and I believe that Bitcoin has a great side
22:29
effects that it humbles people. Like some people are natural for
22:34
being humble and if they make money in different business,
22:36
they still do the same stuff and enjoy the normal life, which is
22:41
great. I've been living on on the
22:44
village. I like to grow my own vegetable
22:46
and it doesn't matter how much money I have, how much Bitcoin I
22:50
have, I will be still doing the same shit, you know.
22:53
Sorry to swear don't want to ruin your algorithms, but no I
22:59
absolutely agree. And the portfolio like once you
23:04
decide or realize that the Bitcoin is so strong you don't
23:07
want to spend anything what is not necessary because you just
23:14
you just know that it will get 10 times less expensive, 10
23:19
times cheaper and 100 times cheaper.
23:21
So the time preference, the side effect of Bitcoin is that you
23:27
learn about the time preference and that changes everything A.
23:31
100% yeah the the time preference right Miami is
23:34
definitely high time preference is is Prague.
23:37
Is it safe to say that Prague is a low time preference city?
23:43
Good question man. I it it go you need to maybe
23:47
just judge case by case. You know the city center of the
23:50
Old Town is definitely like high time preference.
23:54
A lot of clubs, a lot of parties, a lot of tourists
23:57
spending a nonsense amount of money on like standard stuff.
24:01
But if you go like out of the city center, I believe that
24:05
chicks are mostly humble ones. You know, definitely compared to
24:10
like Miami standard. Yeah, I would say.
24:13
OK, OK. But you can definitely find low
24:16
time preference areas. Is that safe to say?
24:19
Absolutely, yeah. We have many villages, many
24:21
small villages where people still live in a self sustained
24:26
way. They they like to grow their own
24:28
vegetable after work. They work on the garden and and
24:32
and they craft something and I would say that's that's a sign
24:36
of low time preference. Amen to that.
24:39
Amen to that. All right, guys.
24:41
Well, we have a Wait. Let me get my tape before you
24:43
cut me off again. No, no.
24:45
Hear it? OK, fine.
24:46
If you're going to give your tape, we're going to.
24:48
Have this up. Yeah, yeah, fine.
24:49
That's fine by me. That's fine by me Again, guys.
24:52
Hey, let your boy live a little bit.
24:53
Just a little bit. Like, well, I think we all want
24:56
cheetahs. What's going on here?
24:57
No, but but seriously, what? What?
25:00
Jack. What Jack mileage was saying.
25:02
It's like same literally just own Bitcoin.
25:05
Simply Bitcoin in like recording gear.
25:07
I I don't own anything more than that.
25:09
I have a shitty Toyota that I think it's like I I don't even
25:13
know when it is it's like 2007 or something like that like it's
25:16
older than Bitcoin. It's it runs I I just need a car
25:20
to go from point A to point B. And I I've had this thought
25:24
experiment with myself. I I maybe I even said it to Nika
25:27
one time where it's like look guys ask yourself right now if
25:30
if you're doing what you love if you're doing what you really
25:33
enjoy in life. You know, if you were gifted $10
25:36
million right now, like, what would you do?
25:39
My answer was like, I just like buy more Bitcoin.
25:41
Like that's the only thing I want.
25:43
It's just more Bitcoin. Everything else is like, yeah,
25:46
you want to enjoy your life, you know, even Jack Mahler's kind of
25:48
said I want to. The only thing I spend my money
25:50
on is experiences. And I the only thing I spend my
25:53
money on is like food. That's all I really care about
25:56
is like eating some decent food, eat getting steaks.
25:58
Like that's about it. And I think this is definitely a
26:03
a thing that we are experiencing and coming up against with the
26:08
Fiat world because everyone comes for Bitcoin because they
26:11
all want to get rich, right like everyone has.
26:13
The meme came for Bitcoin, for the money, stayed in Bitcoin to
26:16
fix the money. And we're so used to
26:19
complicating our lives to be everyone, be an investor in the
26:23
Fiat world that once you start to simplify your life and
26:26
accumulate Bitcoin, you realize a lot of the things that you
26:29
kind of want. You're just like, I really don't
26:31
even need this. All I really want is more
26:32
Bitcoin. And as long as like even the
26:35
huddle post, I saw that this morning and I was like, yeah,
26:38
shout out the huddle. You know, he's always kind of
26:41
been like a Big Brother where he's gone through the
26:43
experiences and then he'll be like you'll after, like you'll
26:46
go through this soon. And when I read that this
26:48
morning, I was like, man, you're boys blessed right now.
26:51
Like you're boys thriving right now.
26:53
It feels so good and it's just 'cause we're on the Bitcoin
26:55
standard. And then I just want to touch on
26:57
Jack Mahler's at the very end of that.
26:59
He's like, if you are buying Balenciaga pants, you are
27:02
shorting Bitcoin. Like, couldn't be me.
27:05
Absolutely hilarious. But to be fair though, Jack,
27:09
Jack Ballers has some pretty fly hoodies.
27:13
So you know, he owns some things.
27:15
He's got some fresh hoodies out there.
27:17
I know you guys are seeing his hoodies.
27:18
He's got some good, some good hoodies over there.
27:20
So hey, he owns a few things more than just Bitcoin.
27:23
Opti doxing. Opti doxing.
27:26
Do you guys seen him? He's got fresh.
27:27
Hoodies. Speaking of hoodies guys, if you
27:29
want to support the show, make sure to stack some Sats first,
27:32
but go check out our new collection.
27:34
We teamed up with the Bitcoin artist called Asanoa and we have
27:39
different like, check this out. The Peaceful Bitcoin Revolution
27:42
shirt. We got the Gold Bitcoin, Gold
27:44
Bitcoin Pill shirt. We got a gold Bitcoin snapback.
27:47
We got a gold Bitcoin dad hat. We got ladies merch as well.
27:50
It's flying off the shelf so get yours while supplies last, go
27:54
check out our new collection. You can scan the QR code or
27:57
check the link in the video description.
27:59
All right, ladies and gentlemen, let's get to the news.
28:04
The Daily News. I want to give a shout out to
28:08
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Check out the passport link in the show notes below to learn
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I made it incredibly easy for you guys.
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You can scan the QR code code on your screen.
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It'll take you directly to the Passport by Foundation Devices
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source Bitcoin hardware wallet. Remember guys, not your keys,
29:17
not your cheese. Our ETF update.
29:20
These guys are just stacking the corn elevator.
29:25
If you fix Check Engine Light, you're short Bitcoin.
29:28
That is absolutely hilarious. Hey, safety is a priority, bro,
29:31
OK? Anyway, so MicroStrategy stack
29:35
currently a 214,000 Bitcoin marathon. 16,930 Bitcoin
29:42
Grayscale Bitcoin Trust, currently sitting on three.
29:44
Whoa, whoa, yeah, the grayscale 350,000 Bitcoin.
29:48
If you guys zoom in a little bit, you see that little, like
29:51
literally falling off a Cliff. That's the down.
29:54
That's where the down downward cell pressure, that's where it's
29:57
coming from. The good news is though, is that
29:59
grayscale could only sell that Bitcoin one time.
30:02
So once they run out of Bitcoin to sell, you know, there's,
30:06
that's it, right? And the halving's around the
30:08
corner. Absolute scarcity, you know, and
30:12
it just kind of builds this perfect situation.
30:15
Currently the BlackRock Bitcoin Trust continuing to stack SAT's
30:19
like crazy. 243,000 Bitcoin. Fidelity seems to be going a
30:25
little bit sideways. 136,000 Bitcoin Anyways, here is the
30:31
downward cell pressure. This is literally what caused
30:34
the dump that we all experienced.
30:36
I hope you guys had an opportunity to stack Bitcoin at
30:38
60, two $63,000, but it was coming from GBTC and you guys
30:44
can check out this chart by Huddle 15 Capital.
30:48
The inflows have been mostly green on most on most of the
30:50
days, but on March 18th, 19th, 20/21/22, yeah and 22, the
30:57
outflows have been red. And this is again.
31:00
Once again, this goes back to what I was saying about the
31:02
grayscale trust. People are just, you know,
31:05
dumping, dumping their grayscale.
31:06
They don't like it. Maybe they're trying to move
31:09
over to BlackRock, another ETF, because you know, they they they
31:13
give better fees, right? But anyways, again, once
31:16
Grayscale runs out of Bitcoin, once people you know, you know
31:20
get Sarah, they they get comfortable with it.
31:22
You know that stops anyways. So it looks like it's flipped
31:24
green finally. And you know that explains the
31:27
run up. Here's an article literally
31:30
called Finally, Bitcoin ETFs are making Enormous comeback.
31:33
Those are big words. Anyways, it goes on to say
31:36
Bitcoin ETFs are finally making a comeback with net outflows
31:39
turning into inflows thanks to the market recovery.
31:42
After a period of consistent outflows, a changes here
31:45
signaling a potential trend change for Bitcoin.
31:48
According to So So values latest data.
31:50
The Bitcoin spot ETF's have received a substantial net
31:54
inflow of 15.7 million disrupting A5 day sequence of
31:59
net outflows. In stark contrast, Grayscale's
32:02
Bitcoin Trust experience a single day net outflow of $350
32:08
million. People are really trying to get
32:10
rid of grayscale. Leading the charge in this
32:12
influx of Fidelity's Bitcoin ETF, which alone accounted for a
32:16
remarkable $216 million in that inflows.
32:20
Not far behind was BlackRock ETF with a commendable net inflow of
32:24
35.48 million in one day. Such movements on the markets
32:28
may suggest we are on the cusp of a significant rally reversal,
32:32
potentially laying the groundwork for groundwork for
32:35
bitcoins growth. Investor sentiment as reflected
32:38
in ETF inflows often precedes broader market trends implying
32:42
renewed confidence in the assets future.
32:46
Now all that being said, all that bullish news being said,
32:49
remember ladies and gentlemen, the having is in less than a
32:54
month. I think it's let me check Clark
32:57
Moody's dashboard right now. It's currently April 20th, 2024.
33:01
So in less than a month the downward cell pressure from the
33:04
miners is literally going to get cut in half.
33:07
Not to mention, if you take a look on the amount of Bitcoin
33:12
left on exchanges, it continues to go down.
33:15
This really hasn't happened in in Bitcoin's history, right?
33:19
Usually what tends to happen when the price of Bitcoin goes
33:22
up, usually the amount of Bitcoin on exchanges tends to go
33:26
up with it because people want to sell their Bitcoin.
33:29
What we're seeing this cycle is the exact opposite.
33:33
As the price of Bitcoin has gone up, the amount of Bitcoin
33:37
leaving exchanges has gone down. So there's literally not enough
33:41
Bitcoin to go around. Again, we're an uncharted
33:44
territory. Bitcoin made an all time high
33:47
before the halving. So I got to say, man, I feel it.
33:51
I'm extremely excited about this cycle.
33:53
I think it's going to blow a lot of people's minds away.
33:56
Like I said, we're in uncharted territory, but it's extremely
34:00
exciting, man. It's, you know, I see the, I
34:03
think that's the little thing behind you, right?
34:05
The 21 million, It's Infinity divided by 21 million and Wall
34:10
Street is just waking up to that reality.
34:12
So it kind of explains why Mahler's you know, is acting the
34:15
way he is, is kind of explains why you know you got to live
34:19
below your means to stack those sats because if not, you're
34:22
short Bitcoin Anyways, I'm going to start with Martin.
34:24
Martin, what's your take on this man?
34:25
The Bitcoin roller coaster been going up.
34:27
We've been going down. How you doing?
34:29
How you feeling? How you liking the Bitcoin
34:32
roller coaster? Yeah, up forever, Laura, right?
34:36
It's going up forever, yeah. No, man, I don't like to tell
34:40
what the price of Bitcoin gonna be because it's hard.
34:43
If you say something about the price of Bitcoin, you are on the
34:47
same site saying what the price of the dollar gonna be.
34:50
So if Bitcoin is gonna be $1 million, does it mean that
34:54
Bitcoin is so great or the dollar is so useless, you know?
34:58
Or maybe, maybe, maybe both. I don't know.
35:02
But I'm super optimistic. There is no better thing to save
35:06
our money in. So come on, you know I won't be
35:08
doing BTC Prac, I won't be here, I won't be working for Bitcoin
35:13
like crazy if I won't have like such a big trust in it.
35:17
And it actually seems like a nonsense for me, How is it still
35:21
possible possibly that people are waiting for 12 K to buy buy
35:25
for Bitcoin? You know, I don't understand it,
35:28
but but come on, yeah, I believe that we can expect like only
35:33
great years and great months or I don't know, but the future is
35:37
exciting from my perspective. 100% the future is exciting on a
35:41
Bitcoin standard guys. We have 1000 live viewers
35:45
between YouTube, Rumble and X, so if you guys are enjoying the
35:48
show right now, make sure to smash that like button.
35:51
If you see it on Rumble, there's a little Gray thumbs up and if
35:54
you smash it, it turns green. On YouTube, Smash that like
35:57
button and on on the X formerly known as Twitter, you can just
36:01
heart it. It really, really helps with the
36:02
algos and helps us push the orange signal forward.
36:05
Anyways, I'm going to pass it on to Matthias.
36:07
Matthias, what are your thoughts on this man?
36:09
Are you enjoying the Bitcoin roller coaster?
36:12
The ETFs really, definitely change change things up.
36:16
Oh yeah, well I am enjoying this of course.
36:19
But regarding the ATFS like I I don't have like real educated
36:24
opinion on it. Other than I I have no idea who
36:28
is still selling Bitcoin. That's that's what what really
36:33
bugs me and I'm I'm, I'm really for self custody so this is not
36:40
not for me but still it will bring some new people into
36:44
Bitcoin so I would consider it net good.
36:47
Also it will maybe bring some more like different to from the
36:55
regulatory perspective like now, now they cannot like shut down.
36:59
Of course they they couldn't shut down Bitcoin even before.
37:02
But this is a great argument for normies like you, you can say,
37:06
yeah, now even there are even Bitcoin Atfs.
37:09
Yeah, now the government's will cannot really shut it down if
37:12
BlackRock is buying Bitcoin. So I'm considering really
37:17
bullish news, but it's it's not for me. 100% no.
37:21
And and I agree with that. This is simply Bitcoin after
37:24
all, we we only recommend spot Bitcoin and taking that real
37:29
Bitcoin, not that captured Bitcoin and taking that Bitcoin
37:32
into cold storage into self custody.
37:35
But on the price levels, you know the ETFs do play.
37:37
I think. I think they've definitely
37:39
influenced the price a little bit and I think that's why you
37:42
know we've we've run up the way that we have run up specifically
37:45
before the halving. It's never been done.
37:47
It's never happened in Bitcoin's history.
37:49
We've never broken all time highs before the halving and I
37:53
think that has to do with the ETF.
37:55
So I completely agree with you Matthias, from the revolutionary
37:58
aspect, from the self custody aspects, who cares about the
38:01
ETF? They're not really important.
38:03
And of course from the price standpoint, yeah, I think
38:06
they're they're a positive, definitely positive on the price
38:09
level, definitely captured Bitcoin that the the Bitcoin and
38:12
ETF. But I love the way that you that
38:15
you framed it from the regulatory standpoint.
38:18
Once you have BlackRock in your corner, you know you're a
38:21
politician. You're gonna have a hard time
38:24
passing something that's gonna hurt black rocks.
38:26
Bottom line. Anyways, Opti, what are your
38:28
thoughts on this, man? You know, some some Bitcoin
38:32
roller coaster news and then we're gonna talk about the EU
38:34
regulations. I'm really, really curious to
38:36
hear what Martin and Matthias have to say about that.
38:39
Yeah. So just on the ETF, like at
38:42
large, I think at first we were all super excited about the ETF.
38:46
And now I'm kind of, I think I'm getting like black pilled on it.
38:48
I'm like, man, there's a nonzero chance they're gonna do some rug
38:53
pooling with some paper Bitcoin. Obviously there's some
38:56
legalities there. And I'm like man, I don't know
38:59
how I feel about BlackRock buying up so much Bitcoin.
39:01
You know they're like they're they're like the the main
39:04
problem here. But as a bitcoiner, as a
39:08
consensualist here I understand that you know bitcoins for
39:10
enemies and and bitcoins for anyone and so there's nothing I
39:13
can do to stop this. Further we knew that this was
39:17
going to eventually happen. So like it's not a surprise but
39:21
we're we're bitcoiners. We like spot Bitcoin.
39:24
We think you guys should be holding Bitcoin directly.
39:26
This is the way opt out of the whole system.
39:29
Do not trust the middleman. It was literally in the white
39:31
paper. There's no need for the
39:32
middleman. There's no need for the ETFs.
39:34
But I understand if you have a bunch of money in the Fiat
39:36
system, then yeah, you might want some Bitcoin exposure and
39:39
then hopefully you can rotate out.
39:40
So like, I get all the the nuance here, but of course as a
39:44
as a, you know, a cult member, maxi quote UN quote, it's all
39:48
about buying spot Bitcoin. But the very interesting part I
39:51
think about this whole thing is just how much Bitcoin Grayscale
39:56
has dumped. Or rather, how much Bitcoin has
39:58
rotated out of the GBTC and then gotten bought and up by, you
40:02
know, retail Bitcoiners and the Black Rock ETF and the Fidelity
40:07
ETF. It's like they've dumped so much
40:10
Bitcoin, maybe it's just rotating into another ETF and
40:13
yet the price is, it's doubled in this time and we got the
40:17
halving in less than a month. It's like, man, I I really don't
40:21
think people understand where this is going.
40:24
And it's going to be a crazy ride as a bitcoiner just
40:26
watching the price action we are starting.
40:28
Starting to enter price discovery mode, and that's when
40:31
the FOMO is really gonna kick in.
40:33
This is when our jobs are gonna get that much easier.
40:35
And then also that much more complicated, because we're gonna
40:38
be going into this eternal September moment where we got an
40:42
influx of new bitcoiners that are trying to learn.
40:45
We're gonna be going over the same flood stuff, answering the
40:49
same Bitcoin questions, but hey, this is our job.
40:51
This is what we're supposed to do, is educate people and incept
40:55
the ideas of why Bitcoin is so important in today's world.
40:58
And so man it it's just it's it's such a fun ride being a
41:01
Bitcoin, even though there's you know the roller coaster of
41:03
Bitcoin. It's like we're bitcoiners.
41:05
We're we're we're living quote UN quote in paradise right now.
41:08
Like we got the best money in the world.
41:09
We got the best you know best diets.
41:12
We have the best perspective on the world and then everyone else
41:15
is just like running crazy. It's it's like literally the the
41:18
dog in the in the house on fire meme.
41:20
Like this is fine. Like this is all perfectly fine.
41:23
I I've out of the Fiat system. You know I just stack Bitcoin
41:26
and chill. I enjoy my life.
41:28
I I have purpose I like life is great on the Bitcoin standard
41:32
and just to wrap this up it reminds me of something I say.
41:36
I was saying constantly last year that like you are a walking
41:40
billboard for Bitcoin and just the fact that you're living a
41:43
good life and you're and you're showing people the best way to
41:46
use Bitcoin. I think that is the best way to
41:49
spread the Bitcoin message. And as we start to see more
41:52
cracks in the Fiat system, more people are going to look to us
41:55
and understand or rather try to understand why you're you're
41:59
living a good life, why you are happy.
42:01
So the TLD Rs guys just don't let your friends buy spot
42:05
Bitcoin ETFs, make them buy spot Bitcoin.
42:08
This is the way, this is how we win.
42:10
Just continue doing what we're doing. 100% beautiful,
42:13
Beautiful. I would maybe just add one
42:15
thing. You know, that I realized that
42:17
maybe we should consider and understand that with ETFs we got
42:22
to face different completely new use cases in Bitcoin.
42:24
Now you know it's not only about the privacy, self sovereignty,
42:30
let's let's kill the Fiat. You know there are new people
42:33
coming into in with definitely new intentions with news cases
42:38
because of the ETFs. Now they can trust it from their
42:41
perspective they can finally trust it.
42:43
It's like legal stuff It's it doesn't it's not going to die
42:47
like Bitcoin died many times. And you know, with this being
42:50
said, I believe that we have switched from like early
42:53
adoption phase to the early majority phase and we probably
42:57
would need to get used to that. They're going to be people that
43:00
would come up with to reach us or reach you, reach us with
43:05
questions we won't expect. You know, we probably won't face
43:09
such a questions in context of Bitcoin till now.
43:13
But ETF changes this completely. I I, I don't like it at all to
43:18
be honest. But it's inevitable, you know
43:21
what can we, what can we really do about it?
43:22
Yeah. Yeah, it's Bitcoin is the money,
43:25
is the money of enemies. Anyways, I do want to talk to
43:29
Matthias and Martin about this. This is something that we've
43:32
been covering over the last couple days.
43:34
The news we broke on Friday and they finally passed it yesterday
43:40
I believe, but basically the EU to vote on new draconian AML
43:45
package for service providers on April 22nd.
43:48
It goes on to say the sweeping AML package aims to eliminate
43:51
anonymous cash payments over €3000 in commercial transactions
43:56
and prohibit prohibit cash payments above €10,000 in
44:01
business transactions. It would also require AML slash
44:04
KYC checks on all Bitcoin payments to custodial wallets
44:09
operated by regular regulated service providers.
44:13
I believe this is an example of regulatory creep and this is how
44:16
they start. And then eventually they're
44:17
going to say, hey, you know what, those that self custody
44:21
Bitcoin, we can't have that. You can't withdraw more than
44:25
€3000, the equivalent of €3000 at the same time.
44:29
So Matthias and Martin, you guys live in Europe, you guys
44:32
building a Bitcoin business, a fabulous Bitcoin business in
44:35
Europe. And you know, how do you feel
44:37
about this? How do you feel about this
44:39
regulation? Maybe I start from the
44:45
individual level. I would say this just brings us
44:50
to the time when we really need to think as an algorist, just
44:56
looking for tools which will help us to go around these
44:59
Draconians measures. And also I believe that nothing
45:05
has to be eaten so hot as we cook it.
45:07
Yeah, so it's not like enter it through and and Twitter makes a
45:11
lot of a lot of noise around around this stuff.
45:15
I also read some some threat regarding this, maybe I'll link
45:20
it later. But back to the algorithm.
45:24
I really believe that we should buy Bitcoin without KYC.
45:30
So in the future we will not have have this problem with with
45:34
the regulators and and just normalize coin join and then if
45:40
if everybody will be doing that it's it's the law is only their
45:48
thinking. If we don't accept it and there
45:51
will be many people like us, they cannot, they cannot.
45:57
Like was was the worst. Yeah, they cannot judge us and
46:04
and they. Can't.
46:05
They can't. It's unenforceable, is what
46:07
you're. Saying yeah, thank you that
46:08
that's the word I was looking for.
46:10
It's not enforceable it's not forcible.
46:12
So we just we just need to put our middle finger and and and go
46:18
around. Unfortunately it's not for
46:21
everyone and many people are afraid, but I I think that this
46:27
is a learning experience like everything else in our life and
46:31
and we need to be strong and and don't be lazy and try it and on
46:36
the end it's not so so difficult to go around a. 100% Martin,
46:40
what's your take on this man? Yeah I completely follow and I
46:44
will might be at one different perspective that actually you
46:47
know this is just another proof how detached those those guys
46:52
are from the reality. You know they they they know
46:55
nothing and I I actually understand why they are doing
46:59
such a steps. I don't like it, but just being
47:04
like a devil's advocate, I understand why they are
47:06
approaching AML and KYC approaches in such a manner
47:11
because they they can really feel that they are losing their
47:15
ground that they cannot build on on anything stable.
47:18
You know, for the, for their, for their Fiat future and maybe
47:24
another perspective of it. This is a this is just another
47:28
great example of European Union acting in the way that it seems
47:33
like to be like the greatest example of of unsustainability
47:38
ever. You know it seems like maybe
47:41
legend from the perspective but come on you know it solves
47:43
nothing. So but it it it helps the
47:47
Bitcoin, it probably gonna end up with more people using non
47:51
KYC Bitcoin which which is which is the best what we can get from
47:55
the Bitcoin to buy peer-to-peer, sell, sell peer-to-peer, support
48:00
circular economy and use it in like normal ways.
48:04
We are not there yet, but I believe that such a steps which
48:09
European Union are considering to be like empowering them are
48:13
actually working for us, maybe not from the long term
48:16
perspective, but from the from the short term perspective, but
48:19
from the long term perspective absolutely. 100% yeah, they're
48:23
the the, I love that the bureaucrats are the biggest
48:27
Bitcoin advertisers. You know the more they clamp
48:30
down the more they they try to keep people in the box the more
48:35
people are going to seek out. You know an alternative usually
48:40
when you when you have to build a wall to get people inside
48:43
metaphorically that usually isn't the the best system right.
48:48
When you try to coerce people to keep people do you try to coerce
48:51
people to play by your arbitrary set of rules rather than people
48:57
wanting to use it because of the incentives.
49:00
Then you, I think you have some self reflecting to do.
49:03
But I think you know power hungry bureaucrats and
49:06
politicians that have had this monopoly of being able to
49:09
control money and print money for free that everyone else has
49:12
to work for. I don't blame them for trying to
49:17
wanting to retain that power. Anyways, let's get to the
49:20
culture. We have a lot to talk about with
49:22
these two gentlemen here. Let's do it.
49:24
Here we go. The daily culture all.
49:34
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All right, let's go. All right, boys.
50:21
So they host BTC Prague. But before we get into that, I
50:27
think it was Martin, I I I have a goldfish memory.
50:29
You were telling me that. I think a good place to start.
50:33
Here is some context of of why you guys are art in bitcoiners.
50:37
So let's start with there. Yeah.
50:40
Thank you. Thank you for, for it, Opti.
50:43
Yeah, I believe that, yes, actually telling why BT, why we
50:47
do BTC Prague and why Prague is actually Bacon Capital of the
50:51
world maybe requires everybody to hear some kind of the
50:55
context. And that will definitely put
50:58
everything in the right perspective.
51:00
You know, because we as a Czechs, we were always like
51:02
freedom fighters, you know, we gained our freedom, we lost it
51:07
many times. We fought again and again, so I
51:11
do not really want to give you like a restore lesson here.
51:14
So I'm going to try to make it short, like one or two minutes.
51:18
But the whole story basically starts even sooner than in 15th
51:22
century, actually. And it was like the great
51:26
definition of Prague when corrupt officials were actually
51:29
thrown out of the town town hall windows.
51:32
And that marked an early struggle for religious and civil
51:36
liberty already here in Czech Republic, you know, And it
51:39
happened 200 years after again, you know, So in 17th century
51:43
there was a second definition in Prague.
51:46
And again like 200 years after later in 19th century, we worked
51:53
to emphasize Czech language and identity, which ended in the
51:57
revolution here in Prague, when we finally get gained some
52:01
independence from the German monarchy.
52:03
But Chikoslovakia will finally establish actually at the end of
52:09
the World War One. So that leads us to the year of
52:12
1918 when we finally felt like being like free because of
52:17
Austro Hungarian Empire was was collapsed basically.
52:22
But you know the history. So not for too long, because
52:26
from the beginning of World War Two, we got fully occupied by
52:30
Nazis, we lost off, we lost a significant part of our our
52:35
land. So we basically had to strive
52:37
again. after World War Two, we felt like, OK, yeah, finally
52:41
checks can be free, but Soviet Union troops felt maybe
52:45
different, so they invited us in 68, stayed here for another 2020
52:51
years with the oppressive communist regime.
52:54
There's not a single nice perspective on top of this.
52:58
But you know, Czechs, actually we are like, we like to work for
53:01
our freedom and we fought hard. So in year 77 we came up with
53:07
the heart of 77. The manifesto signed even with
53:11
Vatslav Havel, our first Czechoslovakian Czech Republic
53:15
President, and we demanded the government to recognize at least
53:19
some of the basic human rights, which was maybe like the first
53:23
very peaceful step for the Velvet Revolution, which
53:27
actually happened 11 or 12 years after in the year 1989,
53:32
basically few weeks after the Berlin War went down.
53:37
And I do not really want to go into real details, but those
53:42
were just the few like most important points of our history
53:45
where we proved ourselves to be like freedom fighters.
53:50
We love our freedom. And with this being said, I
53:54
believe that you know, just considering Bitcoin and how why
53:58
we are so, so strong in Bitcoin and why Prague is a capital of
54:02
the of the Bitcoin world, that this was just a natural
54:06
evolution of it. You know that Bitcoin is just
54:09
another tool that helped us to do the stuff we do for for ages,
54:15
you know, and maybe Matthias can help me to to put like the
54:20
Bitcoin history in the real context, but this was just a
54:23
natural escalation of of our freedom fighting for already
54:27
like 600 years basically. Love it.
54:31
I love it. All right, Matthias, you want to
54:32
you want to jump in here? Yeah, yeah, for sure.
54:36
So, so Martin covered really the the, the, the history and this,
54:44
this kind of cultivate Craftsman culture in Czechoslovakia and
54:49
then Czech Republic. So because in the communism
54:53
regime there was not enough stuff on the market.
54:56
So people used to build their own furniture and and repair
55:02
stuff because it was it was needed and this Craftsman
55:06
culture and that's, that's my opinion why, why Czechs and
55:11
Slovaks are so strong in Bitcoin.
55:14
This Craftsman culture brought people together in very early
55:18
days in 2009 in 2010 and they were geeking out and geeking
55:24
around the Bitcoin and coming with solutions to solve their
55:28
own problems. So in 2010 there was a first
55:32
ever Bitcoin mining pool, Slash Pool, which was invented in
55:37
Prague. In 2012 there was a first
55:40
hardware wallet invented by Slash and Stick from Satoshi
55:45
Labs together with BIP 39. The the seed phrase then General
55:51
Bytes is the biggest manufacturer of Bitcoin ATMs
55:55
that also happened in Prague. Brains, the mining company
55:59
operating slash pool until now mined more than 1,000,000
56:03
Bitcoin as well from Prague. Still operating from Prague and
56:09
or the three floor black building parallel new police
56:14
which is base for cypherpunk thinking and anarcho capitalist
56:20
community operating since 2014 until now without Fiat payments
56:26
only solely on cryptocurrencies. This this companies and people
56:33
have laid a very strong base for Bitcoin ecosystem.
56:38
And you know how is it with Bitcoin.
56:40
If you need to know and understand Bitcoin, it takes
56:44
time. So we started early and with the
56:47
snowballing effect. We came to this point where we
56:53
have a great community, very well educated, with the right
56:56
ethos. People know how to use Bitcoin
56:59
privately, people trading Bitcoin peer-to-peer, buying
57:03
without KYC keeping in self custody, talking about freedom
57:08
and using more advanced techniques and the communities
57:14
is huge. It's it's probably more than 2%
57:18
of of the population of Czech Republic.
57:22
The the estimation is that we have probably like 200 until
57:26
300,000 of Bitcoin slash crypto users in Czech Republic with 10
57:33
million inhabitants in total. So that put us in quite good
57:38
position to actually throw such a big conference, because we
57:43
have a very good base of bitcoiners for which is easy to
57:47
come and create this great atmosphere because chicks also
57:53
make great beer. So this this helps.
57:58
Yeah, love it, Love it. I also wanted to yeah, I got it.
58:00
Yeah, I just wanted to just show off the the, the, the lineup
58:05
'cause this is a extremely impressive lineup that you guys
58:08
managed to get together. So just to name a few of the
58:11
speakers, you have Michael Saylor, you have Adam back, you
58:13
have Francis Pulio, you have Turdemister, you have Allen
58:16
Farrington, you have Parker Lewis, you have Anita Posh, you
58:19
have Martiti Malmi, and you have Thank you.
58:23
And then you have, of course, Giacomo Zuko, just to name a
58:27
few. So yeah, man, this is, this is,
58:30
there you go, there's the beer, great beer and traditional pubs.
58:33
And so this is absolutely incredible for anyone who
58:36
doesn't know about the BTC Prague conference here in the
58:41
States. You guys definitely have to make
58:44
this pilgrimage. It is one of the best, if not
58:48
the best Bitcoin conference in Europe.
58:51
Absolutely incredible. I've heard amazing, amazing
58:54
things. How old is the conference?
58:55
How, how many years guys been doing this?
58:58
This is the second year I believe, right?
59:01
Yeah, this is the second year of BTC Prague, but we are not, not
59:05
quite, we are not really new in the in the Bitcoin even
59:08
management as we have our second conference which is called Chain
59:13
Camp. This is check only Bitcoin only
59:15
conference and it's actually quite interesting that we we've
59:19
realized that there's actually none a single Bitcoin conference
59:22
already in 2019. So we've decided with Matthias
59:27
that we're going to organize one.
59:29
But you remember then COVID. COVID appeared.
59:33
So we had to postpone the first year of it.
59:36
But for some reason we were like super lucky because we picked a
59:39
date in the end of the year of 2020 when the restrictions were
59:44
down here in Czech Republic for a week for some reason.
59:47
I still don't know why, it was like a bit crazy, but we fit
59:51
into that time frame. So as we were basically the only
59:55
ones who organized anything back then, we got like huge traction
59:58
from the beginning. Attracted 450 visitors on 1st
1:00:04
check on the Bitcoin conference and the escalation then was like
1:00:09
a pretty obvious. So we've doubled the numbers
1:00:12
year after, doubled again the next year.
1:00:15
So that leads us to year 2022 and we had 2000 visitors on
1:00:20
check on the Bitcoin conference. Still, we have to consider that
1:00:24
we are talking about the Czech Republic, so 10 mil inhabitants,
1:00:26
That was probably quite impressive.
1:00:30
And we've already saw some demand from like foreign
1:00:32
speakers and foreign partners and even like visitors asking
1:00:36
guys us like, hey guys, how we can come and contribute or what
1:00:41
we can do together. So we thought about it a lot.
1:00:44
And actually we've realized that implementing like foreigners
1:00:48
into our Czech conference would require us to move from the city
1:00:52
of Ostrava where we organize it to Prague and switch from Czech
1:00:56
to English and that would ruin the brand, you know.
1:00:59
So we, we realized that we definitely need to come up with
1:01:02
another brand which is BTC, Prac is and the last year was the
1:01:06
first year of it. It was quite challenging as we
1:01:10
set our goals to attract like as much visitors as is needed to be
1:01:16
the biggest in the Europe. And we had 6 1/2 thousand
1:01:19
visitors, 75 companies in the Expo section.
1:01:23
So I believe that considering the bear market, we have proven
1:01:27
ourselves to to be quite legit actually and mostly we got
1:01:31
behind the trust issue which was, which was the most, most
1:01:34
hardest on, on top of all of this, yeah.
1:01:37
Oh yeah, love it. And then we got a question from
1:01:40
Elaine pulling it up. What are the dates of the
1:01:43
conference? The dates of the conference is
1:01:44
June 13th through the 15th. That's when the BTC Prague
1:01:49
conference is going to happen. I've heard so many great things
1:01:53
about this conference, guys is I can't.
1:01:55
I can't. I can't emphasize that enough,
1:01:57
Opti. Yeah, I mean, I I just want to
1:02:00
maybe give the floor to Mattias and be like, OK, what's what's
1:02:05
the TLDR show for why people should come to BTC Prague?
1:02:09
Why should Why should people make the journey from the US and
1:02:12
Canada, which is where most of our audiences are?
1:02:15
We have audience in Europe as well, but why should people make
1:02:17
the journey to BTC Prague with Yes?
1:02:20
Thank you. It's it's pretty pretty easy.
1:02:23
Like if you want to get to know all the European bitcoiners,
1:02:28
there is no better place than at BTC Prague because Europe is is
1:02:35
not so big, but we have so many different languages, the
1:02:39
communities are really different and each of the state, each each
1:02:43
of each country is behind their own language barrier.
1:02:48
So we don't know what is the use case in Germany and what are the
1:02:53
people like and what are Czechs like and and and and Bulgarians
1:02:59
and Italians. Each of the community is a
1:03:01
little bit different and this realization is really important
1:03:07
because we tend to live in in our own bubble.
1:03:12
But once you get the whole picture and unite bit under the
1:03:18
the whole like Bitcoin orange flag, this absolutely changed
1:03:22
the perspective and it gives you gives you the ability to stack
1:03:28
sats even harder. So that's the pitch.
1:03:33
I would say come and meet other bitcoiners and and talk to
1:03:37
Europeans because they are different, they are more more
1:03:42
focused on, they are focused on different parts of Bitcoin.
1:03:46
We have 4 main topics we focus on of course money, we focus on
1:03:50
technology, we focus on community and freedom and
1:03:55
everyone gets something what he likes on our conference.
1:03:59
The conference is 3 day long, but we also throw one day
1:04:04
conference before the conference and that's dev heck day.
1:04:07
So that's only for 500 people and only for like let's say very
1:04:13
technical users and people who like to Friday brain before the
1:04:18
conference even starts. And and then we have an industry
1:04:22
day, which is the best if you want to just meet other people
1:04:28
from the industry and maybe even look for a job.
1:04:31
Now is the time when now is the perfect timing to actually step
1:04:37
out from your comfort zone and somehow contribute back to the
1:04:40
Bitcoin. That's our mission for this
1:04:44
year, Bring more people like strengthen the hardcore
1:04:48
community because we feel that the the adoption will happen
1:04:54
anyway. But we need more hardcore users.
1:04:58
We need more workers, let's let's say because who else will
1:05:04
be working for the companies who are scaling up?
1:05:07
Yeah. So we, we like to say that we
1:05:10
are building the bridges and we would love to build the bridge
1:05:13
between Europe and the US. I absolutely love that man.
1:05:17
Love that Guys check out the BTC Prague conference.
1:05:21
We won't simply Bitcoin won't be making it this year but
1:05:24
definitely, definitely looking into making it next year.
1:05:28
And guys, incredible conference. Check it out BTC Prague Guy, I'm
1:05:34
going to I'm going to pass it on to Martin Martin If you have any
1:05:36
last words for our audience, what would they be?
1:05:40
Yeah, thank you. I like when you say check it
1:05:42
out, you know, makes me feel proud.
1:05:47
No, but I believe that Matthias covered it well.
1:05:49
I do not want to repeat himself, but and I'm biased about from my
1:05:53
perspective, you know, it's a no brainer.
1:05:55
You know, Europe is so different.
1:05:57
It's really wonderful. And if somebody haven't been
1:06:01
here yet, it's not only about the Prague, but spending here a
1:06:04
week or two, travel around. The distances aren't so crazy
1:06:09
like in the US, you know, So you can easily travel many different
1:06:12
wonderful medieval cities in car in few days.
1:06:15
And again, the beer and the and the Prague and the vibe and the
1:06:18
energy is like really empowering.
1:06:21
And having all of this with bitcoiners around and hardcore
1:06:26
bitcoiners, like, I believe that you're going to be amazed, guys.
1:06:32
It makes me, and I believe that even everyone around so bullish
1:06:36
on Bitcoin, basically. Amen to that.
1:06:38
Amen to that. We have Winekiss in in the chat,
1:06:42
basically who runs the company? He's like, we're going what the
1:06:45
fuck? Oh man, there's so many places
1:06:50
to go this year. OK, but wine wants.
1:06:55
Proud girlfriend. You heard it here first, of
1:06:57
course. He does.
1:07:00
Matthias What? What?
1:07:01
Do you have any final words for our audience?
1:07:04
Yeah, I do. Let's fucking go.
1:07:07
Never under underestimate the the power of individual.
1:07:13
I was only a blab a few years ago and now with Martin we are
1:07:18
running the biggest European Bitcoin conference and it's just
1:07:22
because we love what we do and we we work hard.
1:07:25
So just yeah, let's fucking go and and and and Don't be lazy.
1:07:32
Study Bitcoin stack sets and and I'm looking forward to meet
1:07:38
everyone in Prague. Absolutely.
1:07:40
Work, work. Proof of work, Proof of work.
1:07:45
Anyways, ladies and gentlemen, thank you so much for tuning
1:07:47
into another episode of Simply Bitcoin Live.
1:07:49
I'm your host Nico. This is my legendary Co host
1:07:51
Optimus Fields and these are our boys from BTC Prague, Martin and
1:07:57
Matthias. Guys, check out BTC Prague.
1:07:59
Go to the site right now. You have to go to btcprague.com,
1:08:05
get yourself tickets. There is going to be a ticket
1:08:08
price increase in five days and 19 hours.
1:08:11
So you want to get your tickets quickly, Get all your
1:08:13
accommodation set up again. It is one of the world's best
1:08:17
Bitcoin conferences, so check out Bitcoin Prague today.
1:08:20
All right everybody, love you all.
1:08:22
We'll see you tomorrow for a brand new episode of Simply
1:08:25
Bitcoin Live. But before we go, one final
1:08:27
message from the Chad himself. Well, because they want to sell
1:08:33
it eventually, Michael. I mean, let's be honest, most of
1:08:35
the people who are, yes, sure, some people pass it on to their
1:08:38
children, but like most of the people who are buying assets at
1:08:42
some point want to sell the assets at a profit.
1:08:45
So I guess, let me say it differently, People that use
1:08:48
Fiat currency as a store of value, there's a name for them.
1:08:52
We call them poor. OK.
1:08:54
But it was brought to you by bitcoinwell.com, a Bitcoin only
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