Latest / Simply Bitcoin / BREAKING: Bitcoin Spot ETF to be Approved Friday!? | EP 866

Transcript

BREAKING: Bitcoin Spot ETF to be Approved Friday!? | EP 866 · Simply Bitcoin

0:08
It's all. Going to zero against Bitcoin.
0:12
It's going up forever. You're against Bitcoin.
0:22
You're against freedom yo. Welcome to another episode of
0:27
Simply Bitcoin Live. You're your number one source
0:29
for the peaceful Bitcoin revolution.
0:30
Cover breaking news, culture and medic warfare.
0:32
We will be your guide through the separation of money and
0:34
state. Today is November 13th, 2023.
0:38
I hope everyone had an amazing weekend.
0:41
Breaking news. It seems like the deadline for
0:45
whether or not the Spot Bitcoin ETF will be approved in 2023 is
0:52
going to be November 17th. It's going to it's coming up,
0:56
it's coming up in a couple of days.
0:58
What are they going to say? Are they going to approve it?
1:00
Are they not going to approve it?
1:03
I definitely think it's going to be one of those things where
1:05
it's like pump up on the news and then giant sell off.
1:09
You know because it's it's that's that's what always
1:11
happens if you've been in the space for a while.
1:14
But it's it's absolutely bonkers that we've we've gotten to this
1:17
point now. We've talked a lot about what
1:20
the downsides and what the upsides of of a Bitcoin spot of
1:24
a spot Bitcoin ETF are going to be.
1:26
Obviously a lot more liquidity going into the market.
1:29
I definitely believe it will make number go up.
1:34
But like Caitlin Long said when she came on simply Bitcoin IRL
1:37
and Lawrence Leopard, you know it.
1:39
It also risks for for rehypothecation of Bitcoin in
1:44
the selling of paper Bitcoin. Now obviously I don't think it's
1:47
going to be as easy to do than how they did that in the gold
1:51
market due to gold's physical characteristics and due to
1:54
Bitcoin's unique ability of being able to be transported and
2:00
custodied very easily. You know, for pennies on the
2:03
dollar, you can send it anywhere around the world.
2:05
You could take self custody of Bitcoin.
2:08
Millions, billions, theoretically trillions of
2:10
dollars by writing down 12 words, 24 words, not to mention
2:14
using multi sig if you wanna beef up your security setup, So
2:19
the actual ability for you to take custody of it very quickly
2:23
and very efficiently, I think is going to protect it from what
2:28
they did to gold. But that's not to say that
2:30
they're not going to try. I think the long term play here
2:34
based on the FinCEN, what's going on with FinCEN which we're
2:38
gonna talk about tomorrow, how they're demonizing mixing
2:42
services. But the things are so broad that
2:44
it's like a single use address counts as of some some type of
2:47
mixing. And then the words or what I
2:50
would call the Freudian slip from Elizabeth Warren basically
2:54
finally saying the quiet part out loud because Bitcoin exposes
2:58
all incentives after all. Finally admitting that, you
3:02
know, self custody is some type of this highly sophisticated way
3:08
of money laundering of of skirting regulations, right,
3:12
Like and of course they're planting the seed.
3:14
That's why they come up with these words.
3:16
Unhosted wallet, you know, custodied wallet, non custodial
3:20
wallet, right. They're trying to plant the
3:22
seeds in the uninformed populace that somehow self custody is
3:27
dangerous. Well, the reason they're doing
3:29
that is because self custody is the revolution and if enough
3:32
people take self custody will win and there's nothing they can
3:35
do about it. So it's pretty crazy that the
3:39
that the date to come is on Friday.
3:42
But again, all of this would be rumors, all of this would be a
3:45
big nothing burger. But actually the CEO of
3:49
Grayscale, which is one of those companies they hold up, not only
3:52
do they hold an F ton of Bitcoin, but it's also one of
3:56
those companies that have applied to file a spot Bitcoin
3:59
ETF has been hinting at some things on Twitter.
4:04
He tweeted it out very, very early this morning before right
4:08
before 8:00 AM Eastern Time. So, I mean, it looks like there
4:12
could be a potential approval of a spot Bitcoin ETF on Friday.
4:18
And if it was one, it wouldn't just be just one approved,
4:21
there'd be multiple spot Bitcoin ETFs approved, right?
4:24
So that's what's going on right now.
4:26
That's the breaking news. We're gonna cover it like
4:28
always. We're gonna analyze it.
4:29
We're gonna show you guys all the details.
4:31
We're gonna make the case like we always do.
4:34
Anyways, no more delay. I wanna bring up my legendary
4:36
cohost. Always optimistic, already
4:39
smiling. Giant smiling.
4:41
Yeah, the chat. The chat's on point.
4:43
The chat is losing their mind today.
4:44
It's totally irrelevant to the conversation.
4:47
Don't go licking the chat. It's probably inappropriate for
4:49
you guys at work. But yeah, chat's undefeated over
4:52
here. They're they're cracking me up.
4:54
They are cracking me up. Anyways yeah Nico, what a what a
4:58
crazy weekend and and it really just goes to show what we've
5:01
been talking about on show for months.
5:03
Now that we are in the then they fight.
5:05
You state this is the separation of money in state and things are
5:08
getting. Frothy not only the price, but
5:11
everything going on around Bitcoin is starting to become a
5:16
point of contention. I think we've been talking about
5:18
this all year that the stance on Bitcoin from any quote UN quote
5:24
authority figure is the defining conversation right now, of
5:27
course. This was all going on behind the
5:31
scenes and now it's becoming public and it's all happening
5:34
publicly. And This is why I think there is
5:37
so much uproar about it all. Because now finally, everything
5:40
from behind the scenes is being made public and being brought to
5:43
light. So.
5:45
I think it's more important than ever to do what we always tell
5:47
you guys to make sure that your Bitcoin is in cold storage, that
5:50
you don't have Bitcoin on exchanges, that you are hiding
5:53
them Bitcoin because we know that they don't want us to be in
5:57
the Xscape route. We we've said it before, you
5:59
know they don't want an exit route and Bitcoin is that exit
6:02
route and we've been telling you guys constantly the on and off
6:04
ramps are the choke codes. Hence Operation Choke Point A2
6:08
Point O like we've known this for a while and now it's heating
6:11
up. So hopefully.
6:14
And we can move forward. Hopefully there will be pushed
6:17
back and as a as an individual that if you're on the Bitcoin
6:20
standard, the Bitcoin circular economy already.
6:24
What's this mean to you? Just just some roller coaster
6:28
rides and part of the Bitcoin fund.
6:29
So we'll get a wine. All right, All right.
6:34
I'm getting trolled. I'm getting trolled.
6:35
Go, go. And that's that's another thing
6:37
to kind of bring up and we'll bring up the latest development
6:41
on the Fin CEN and stuff that happened over the weekend.
6:44
We'll cover that on tomorrow's episode.
6:46
But one thing's for sure guys, we say this in the beginning of
6:50
the show. It is our motto.
6:51
We'll be your guide to the separation of money and state.
6:53
We are definitely entering the then they fight you stage,
6:56
that's for sure. You have to take action, get
7:00
involved. Don't be just a bystander
7:04
looking at what's happening. Get involved.
7:07
And unfortunately I think over the long term, I do agree with
7:12
the theory from the book The Sovereign Individual, where
7:16
information technologies and the ability for individuals to opt
7:20
out opt into whatever money they choose to use, is gonna make
7:23
politics irrelevant over the long term.
7:26
I completely agree with that. But what worries me and what
7:29
keeps me up at night is the transitional period.
7:33
And that during the transitional period, I do think that politics
7:37
are somewhat important. I do think that they can make
7:41
life very, very difficult for you if you are holding Bitcoin
7:46
and you live in a certain jurisdiction.
7:49
So unless you wanna keep moving from place to place to place and
7:53
place, it's important that you get involved, right?
7:56
Whether that is, whether that is making memes, you know,
8:01
commenting, making videos, just highlighting the lies and the
8:05
misrepresentations. Like what happened with
8:08
Elizabeth Warren and the Wall Street Journal a couple of weeks
8:10
ago. The more attention we call to
8:13
that, the better we position ourselves right.
8:18
And the key is to win over the adoption race.
8:22
We have to orange pill as many people as humanly possible as
8:26
quickly as possible so that there's enough people holding
8:29
Bitcoin in the US that if that if any politician tries to
8:33
recommend anti Bitcoin legislation it becomes
8:37
unpassable. And then the example that I
8:40
would give to this would be the gun lobby, right?
8:44
The any, any time you tried to pass a gun law in the United
8:46
States because so many people own guns, it just becomes
8:51
impossible to pass, right. Hopefully we get to that much
8:56
Bitcoin adoption in the United States very quickly, that any
9:01
type of Elizabeth Warren type of regulation, any type of
9:05
maneuvering and scheming just get shut down just because it's
9:09
so unpopular with everybody. But we're not, we're not quite
9:13
there yet. Bitcoin right now is still in
9:14
the shadows. Like that's the reality.
9:16
Like people know about Bitcoin, people know about crypto.
9:20
They know about these these things.
9:21
They still think crypto and Bitcoin are the same thing, but
9:25
it really comes down to us to really educate the masses.
9:28
And I'm not talking about just me and Opti.
9:29
I'm talking about everyone in the chat.
9:31
Take it upon yourself. Take agency, take action.
9:34
Orange pill, as many people around you, right This, this,
9:37
this is all about the individual pushing this forward.
9:40
That's how we win. We win over the hearts and minds
9:43
of people. It's not left versus right.
9:45
That's the divide and conquer strategy.
9:47
It's really the party of Orange, the party of peace, Bitcoin
9:50
opportunity, prosperity versus the party of green, which is the
9:53
party which is the future they want us living in, which is the
9:56
party of central bank, digital currencies, nihilism, slavery,
10:01
confiscation, all of that bad stuff.
10:03
So you got to decide what future do you want your children to be
10:06
living in. I want my my children to be
10:09
living in a Bitcoin future. Well, we got to stand up and
10:13
stand up for your right. Anyways, everybody, let's let's
10:17
move on to the numbers. Yeah, I know, right?
10:19
I love. It's.
10:20
It's a good line. It's a good line.
10:21
All right everybody, let's move on to the numbers.
10:23
We got a lot to talk about. Let's check it out.
10:29
The Bitcoin numbers. Is your Bitcoin in cold storage
10:33
really secure? Is your seed phrase really
10:36
secure? Stamp seeds?
10:38
Do it yourself. Kit has everything you need to
10:40
hammer your seed words into commercial grade titanium plates
10:45
instead of just writing them on paper.
10:47
Don't store your generational wealth on paper.
10:51
Papers prone to water damage, fire damage.
10:54
You want to put your generational wealth on one of
10:56
the strongest metals on planet earth, Titanium.
10:59
Your words are actually stamped into this metal plate with this
11:02
hammer and these letter stamps. And once your words are in, they
11:05
aren't going anywhere. No risk of the plate breaking
11:08
apart and pieces falling everywhere.
11:11
Titanium stamp seeds will survive nearly triple the heat
11:14
produced by a house fire. They're also crush proof,
11:17
waterproof, non corrosive, and time proof.
11:19
All things that paper is not allowing you to huddle your
11:22
Bitcoin with Peace of Mind for the long haul.
11:25
Stamp your seed on stamp, seed. All right everybody.
11:30
I made it super, super, super easy for you guys.
11:33
You could scan the QR code somewhat conformatist.
11:36
I think he's trolling based on that name.
11:38
He's dead. Conformatist is deadly trolling.
11:40
This is saying self custody is too dangerous.
11:42
OK, well, if you were serious, self custody.
11:44
What? I think it's more dangerous
11:46
Outsourcing. The personal responsibility of
11:48
your future, your energy, your time, your work to a third
11:52
party. I think that's more dangerous
11:53
than writing down 12 words. If you can raise a child, you
11:58
can write down 12 words. OK?
12:00
It's not that hard. And not only should you write
12:02
them, you should stamp them into fucking titanium.
12:06
All right? And we highly recommend the
12:08
Stamp Seed. It's the the best seed frayed
12:11
storage kit store or stamp your seeds into titanium than one of
12:16
the strongest metals on planet earth.
12:18
And you can use promo code simply to get 15% off anything
12:22
on the stamp seed store so that you don't have to explain to
12:25
your grandchildren why you lost your generational wealth because
12:28
you stored it on paper anyways. At the time of recording the
12:31
Bitcoin price is 36,775 SATS per dollar. 2719 block height
12:39
816,622 blocks to having 23,378 having estimate April 20th 2024
12:50
Total Lightning Network capacity 5283 Bitcoin capacity value
12:56
194,000,000 U.S. dollars. Realize monetary inflation 1.74%
13:05
The market capitalization of Bitcoin $718 billion with the B
13:11
Bitcoin verse gold market cap 5.54%.
13:16
In the grand scheme of things Bitcoin is still a baby.
13:20
Anyways, I want to play you this legendary video by the one the
13:23
only Andreas Antonopoulos. He's dropped off the radar, you
13:28
know, as of late. But Andreas, to me, him and Max
13:32
Kaiser played an integral role in my orange peeling.
13:37
I used to listen to Andreas lectures and they're still up on
13:41
YouTube on repeat over and over again, talking about Bitcoin,
13:45
talking about the Fiat global central banking cartel.
13:50
And Andreas has a great way of articulating these topics.
13:54
He doesn't script his talks, he does it all off the top of his
13:58
head. I think he played such a
14:00
essential role. I know that, you know, a lot of
14:03
bit corners have disagreements with him because he definitely
14:07
went down the shit coin path for a little bit.
14:09
Or maybe he still is. But yeah, I I I'm not going to
14:13
bash on his proof of work on Bitcoin because it was very
14:17
consequential for me, particularly personally.
14:21
But also I think you know, those lectures are going to stand the
14:24
test of time. This is a snippet from one of
14:27
those lectures, and I think that it really, really explains in 51
14:32
seconds why Bitcoin is so consequential.
14:37
Anyways, let's check it out. Coin is not smooth jazz.
14:44
Bitcoin is punk rock. Deal with it.
14:48
It is disruptive. And the reason it is disruptive
14:52
is precisely why it's so difficult to swallow and
14:57
swaddle. In traditional investment terms,
15:01
Bitcoin is the first completely decentralized transnational
15:06
platform for exchanging value. It has no borders.
15:10
It doesn't care whether you like the transaction or not.
15:15
It is entirely based on mathematical verifiability.
15:20
It is the Internet unleashed, unvarnished, unpolished and
15:27
uncensorable. So and is not if you just kind
15:33
of break down what that means, right, Because you can't make it
15:41
go away because you can't make Bitcoin go away.
15:45
What it becomes is a forcing function.
15:49
The reason it becomes a forcing function, the reason the likes
15:52
of which Elizabeth Warren want to make this go away is because
15:56
if you can't make it go away as money then it is competition to
16:02
government money and they know that if this was a fair
16:07
competition based on bitcoins incentives it will win.
16:13
Maybe this is a multi generational thing.
16:16
Maybe babies have to be born into the Bitcoin mindset rather
16:21
than what we go through right now, which is a lot of people
16:24
have to wake up from the Matrix and they have to essentially
16:27
unlearn a lot of the things that they were taught about money.
16:32
But it becomes a forcing function.
16:35
It forces people to or governments really to have to
16:41
acknowledge that holy cow, yeah, your money has inflation.
16:48
And yeah, we do censor and we do control.
16:52
The money flows a lot, and because you can't make it go
16:56
away because it's decentralized, they can't make the argument
17:01
that that is the way that money is supposed to be.
17:04
Money can't exist unless it worked that way with Bitcoin.
17:09
It shows that not only can it exist, it's superior to their
17:14
system. And if you want to know why
17:17
Elizabeth Warren hates it, and you want to know why she's
17:20
saying that self custody is bad, and you want to know why they're
17:25
trying to do everything in their power to make this thing go
17:28
away, the opponents of Bitcoin, it's precisely because it
17:33
embarrasses the F out of them. It embarrasses the F out of
17:38
their system. A system of exclusion, a system
17:41
of confiscation, and to be perfectly frank with you guys, a
17:46
system of theft and war. Because that is what Fiat money
17:50
enables, because they could just print the money out of thin air.
17:56
That enable that enables endless wars.
18:00
If we are on a sound money standard and the government or a
18:03
state wanted to go to war with another state, they couldn't
18:07
just print money to keep paying for the war.
18:10
They would have to go directly to their constituents and say,
18:13
hey guys, we need money for this.
18:17
And OK, maybe sometimes you could say that war is justified
18:22
because you got attacked or something, and then I bet you
18:26
the populace would definitely support that.
18:29
But do you think the populace would support sending billions
18:33
of dollars to Ukraine? You think the populace would
18:36
support the endless wars in the Middle East if it meant that
18:42
they were getting poorer in the process?
18:44
What benefit do they stand to gain?
18:46
And of course, the politicians absolutely hate this thing
18:51
because it ends the racket. It ends the racket.
18:55
If they no longer have the power of the money printer to pay for
19:00
themselves and the social programs in the wars, how else
19:03
are they going to enrich themselves?
19:05
They're actually going to have to do good by their
19:08
constituents, or they might actually be elected out of
19:10
power, out of office. It changes the whole dynamic.
19:14
And this is exactly what the book The Sovereign Individual
19:18
theorized, and how that over the long term, information
19:22
technologies would make politics irrelevant and politicians
19:27
irrelevant as well. But as as as long as the state
19:34
and the money are combined, and the state somehow has convinced
19:39
people that they should be the issuer of money, then the state
19:44
is going to be that tremendously, because they're
19:47
the only ones that are able to create more of that said money.
19:51
And that is in stark contrast with how Bitcoin works.
19:55
It doesn't matter whether you're the president, the king, the
19:58
tyrant, the everyday person. You have the ability to create
20:04
more Bitcoin just like everyone else.
20:06
If you invest in the mining infrastructure, you don't get a
20:10
special deal. There is no senior age.
20:14
And that's what that's what makes them scared, especially
20:17
people that have been benefiting from this misaligned incentive
20:21
structure that really hurts everyone.
20:25
And if you're under the age of 35, you probably have a very
20:29
hard time affording housing, affording or thinking about the
20:34
future. You're probably nihilistic about
20:36
the future. What I asked from you is to not
20:40
blame politics, not blame the opposing political party.
20:44
What I asked from you is to wake the F up and realize that
20:48
regardless of what political party is in power, they both do
20:52
the same thing. They print an F ton of money and
20:56
in the process of printing an F ton of money, they're devaluing
21:00
your money and you're getting poorer because of that.
21:04
Whether you're a liberal, a conservative, A libertarian,
21:07
shout out Rustin, It doesn't matter.
21:09
This effects you. And the question that I have for
21:13
you guys is what are you going to do about it?
21:16
Because it's really not that big of a deal.
21:18
You want to vote to effectuate change.
21:22
It's not that hard. All you got to do is you buy
21:25
Bitcoin, earn Bitcoin, mine Bitcoin, and then take that
21:28
Bitcoin into self custody. Boom.
21:30
That's a that's a vote against the system.
21:32
That's all you got to do. That's why they're so hell bent
21:35
on closing the self custody door, because they know that the
21:39
more and more people opt out, the less and less power they're
21:43
going to have Anyways. Opti, what are your thoughts on
21:46
all this, brother? Yeah, well first and foremost I
21:49
I always have a little nostalgia when I see Andreas Antonopoulos
21:54
videos 2017. That's probably the reason why
21:56
I'm here today is I found Andreas on YouTube.
22:00
Ended up buying. I don't know, I think it was
22:02
like my first $100 and I just love seeing it.
22:06
I think there's a lot of good stuff in Andreas old videos to
22:10
this day. Sometimes we gotta roll out the
22:11
classics to kind of reiterate the message.
22:15
And then on your last point. It's very obvious, at least to
22:20
me and and again, I always try to check my own bias because I
22:25
do realize that I do have a bias.
22:27
I am a Bitcoiner. I learned about the traditional
22:30
financial system through a Bitcoin lens and and from this
22:33
vantage point, it's just so obvious and clear that Bitcoin
22:38
is a superior way to transact in the digital world.
22:42
And I think. It's becoming very obvious to
22:45
anyone paying attention, especially you guys that watch
22:48
the show. But maybe there's new people
22:49
that are watching the show that we are entering a new saga in
22:55
the Bitcoin space. We are actively being attacked.
22:58
We're actively being funded by the biggest institutions in the
23:00
world and they do not and will not let that power go easily.
23:05
What's the saying? It's it's the oppressed.
23:11
Or the oppressors will not give the oppressed the freedom that
23:13
they so seek. Or whatever the the quote is.
23:15
And and that's where we are guys.
23:16
And This is why Bitcoin is permissionless.
23:19
You don't have to ask permission to use Bitcoin.
23:22
You know, whether you're interacting on a peer-to-peer
23:25
level with your friends that are also bitcoiners or you're trying
23:28
to get into the Bitcoin circular economy, I say it all the time.
23:34
I really don't care how you get your Bitcoin.
23:35
I think the most important thing is to be holding Bitcoin.
23:38
And once enough of us are holding Bitcoin, it's a lot
23:40
easier to hide in a crowd. But as of now, we are still a
23:43
very small minority of the global population, and hence why
23:47
it's so easy to pick on Bitcoiners to pinpoint Bitcoin
23:50
as being something that no one understands because most people
23:53
don't understand what Bitcoin is.
23:55
And so we are in the then they fight you stage.
23:57
This is the separation of money and state.
24:00
And so the most important thing for everyone to be doing out
24:02
there is to be downloading Bitcoin wallets, writing down
24:06
your private keys, transacting in the Bitcoin network.
24:10
Be a part of that circular economy and hold your own
24:14
Bitcoin. Because of course.
24:17
The few do not want the many to not be using a system that is
24:20
designed for freedom in the 1st place, and I don't think this is
24:24
new. Nico and I talk about this
24:26
constantly on the show, about the idea of power and what is
24:29
money, but not. A projection of power that those
24:36
with the most money will instill their views on to the world.
24:40
And if they have an unlimited money printer, then they can do
24:43
all kinds of crazy stuff and the few will always want to
24:46
subjugate the many. Well, too bad for the few that
24:49
now the many have a tool that literally disintermediates the
24:54
power of the money printer disintermediates information.
24:57
And so here we are. We're in this, this saga right
24:59
now. We're in that great transition
25:02
where. The power of the money printer
25:06
is starting to break down. The power and monopoly on
25:08
information is starting to break down and we are the frontline
25:12
soldiers and this is a peaceful revolution.
25:14
But it but it we can't stay naive or be naive and believe
25:18
that there won't be some kind of skirmishes here and there.
25:21
There won't be some fights and so.
25:22
We're seeing that the system doesn't want to change.
25:24
They're holding on to their power grip as much as possible,
25:27
and they're trying to gaslight us into believing that the way
25:30
that the status quo is this is the best way to live, and that
25:33
you shouldn't be trying to find an escape route.
25:35
Because what are you, some kind of criminal or something?
25:38
And it's just absolutely incredible.
25:40
Hence why the famous Hayek quote is such a big one in the Bitcoin
25:44
space. You will never take the power
25:48
away from them. You need to find or create.
25:51
A sly roundabout way to do that. And of course this is Bitcoin.
25:53
Of course this is you guys transacting in Bitcoin,
25:56
continuing to spread the message of Bitcoin.
25:57
Continue to get your friends and family to download Bitcoin
26:00
wallets and protect themselves. Because those in power don't
26:03
have your best interests in mind, and they have their own
26:06
best interests in mind. So be like them for once and
26:09
have your best interests in mind.
26:10
Protect yourself guys. Put on the oxygen mask first.
26:13
This is where we are right now in the story.
26:15
This is where we are in the saga.
26:17
And you just you can't trust anyone above yourself at this
26:20
point. Trust no one with your money.
26:23
We've seen this story happen over and over in history, in the
26:26
history of man. If you give them your money,
26:28
they will abuse you. So stop getting abused.
26:31
Take back your money. Exactly.
26:34
Stop getting abused. That's exactly why Opti dated
26:37
Christy Lagarde. Stop dating Christy Lagarde.
26:40
All right, everybody, let's. Before we jump into the news, I
26:44
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All right, everybody. So this is the big news.
29:29
This is the big kahuna of today. Lots of rumors flying around.
29:33
We'll get you to the suite. That makes me maybe, maybe the
29:39
grayscale CEO knows something we don't.
29:41
I don't know. But anyways, let's check this
29:43
out. This article was dropped last
29:44
week. SC CS first window to approve
29:47
all 12 spot Bitcoin ETFs to begin today.
29:52
It goes on to say the the SEC could approve all 12 of the
29:57
pending spot Bitcoin exchange traded fund applications within
30:01
the next within the next 8 days. Bloomberg ETF analyst James
30:06
Seifart and Eric by Why the Last Names?
30:10
Holy cow wrote that starting from November 9th in the United
30:14
States, the SEC has a window to approve all 12 spot Bitcoin
30:18
ETFs, including Grayscale's conversion of its GBTC trust
30:21
product in the days leading up to November 17th, but stressed
30:26
that this was only a possibility.
30:28
Quote Delay orders were issued by the SEC for BlackRock,
30:31
Bitwise, Van Nurk, Wisdom Tree, Invesco, Fidelity and Valkyrie.
30:35
At the same time, quote if the agency wants to allow all 12
30:39
fillers to launch as we believe this is the first available
30:42
window since Grayscale's court victory was affirmed.
30:46
The reason for the brief window is that when the SEC extended
30:49
the deadline for a number of pending spot Bitcoin ETF
30:52
filings, it selected November 8th as the last day of the
30:56
comment period from November 17th.
30:58
The comment period for three filings including Global X
31:02
Bitcoin Trust, Hashtags Bitcoin ETF and Franklin Bitcoin ETF
31:06
would recommence, meaning that they wouldn't be approved or
31:09
denied until after November 23rd at the earliest.
31:13
While the window for accepting all 12 filings ends on November
31:16
17th. Seifart added that the SEC could
31:19
technically make a decision on on the nine of the 12
31:22
applications anytime before January 10th.
31:26
And here is a great graphic for audio listeners.
31:30
And it breaks down all the ETFs that are currently being filed,
31:34
what the first deadline is and the upcoming deadlines, right?
31:38
So it says the second deadline, third deadline, final deadline.
31:42
So they do. It looks like here according to
31:43
this graphic, that they have until March of next year, March
31:48
of March 15th of 2023 to really reach a, you know, kind of like
31:53
a final decision on whether they're going to approve these
31:56
or not. My intuition tells me that if
31:59
they aren't approved this year, which I don't think they will
32:01
be, we're looking at Q 1/20/24. That's what my gut tells me.
32:06
But anyways, on another front, I find this absolutely hilarious,
32:10
right? So is the SEC.
32:11
I think they're trying to slow walk the spot Bitcoin ETF.
32:14
We believe it's simply Bitcoin. It's for political reasons based
32:17
on the actions from the Biden administration where there's a
32:20
that's operation choke .2 point O whether that's the scheming
32:24
that's coming out of you know Elizabeth Warren and the anti
32:28
Bitcoin members of government and their use of the legacy
32:32
corporate media to leverage that to convince the fence end to
32:36
propose these crazy regulations that would basically apply to
32:40
every Bitcoin transaction. So we know that there's members
32:44
of the government, very powerful members of the government that
32:46
are anti Bitcoin. And when Caitlin Long who is
32:49
trying to launch a Bitcoin bank in Wyoming came on simply
32:53
Bitcoin IRL, she made the case that she believed that her bank
32:58
Custodia was denied a federal banking charter based on an
33:02
order that came directly from the White House.
33:05
Right. So it's a continuation of the
33:07
trend, not to mention the presidential economic report
33:11
that made the case it dedicated 20 pages as to why central
33:15
banking is necessary and why Bitcoin could never be a money
33:19
because it doesn't have a sovereign, it doesn't have a
33:22
state, right. So is it too far of a stretch to
33:26
make the case that they're delaying this for political
33:29
reasons? It sure does look like it.
33:31
I mean, look at all the pushback that they're getting in
33:33
Congress. Well, it's interesting, right?
33:35
If you take an anti Bitcoin stance, you would think that
33:40
it's going to be very difficult for you to hire so-called
33:44
Bitcoin experts. And that's exactly what the SEC
33:46
is going through right now. And I kind of find it
33:48
interesting. So the SEC is struggling to
33:51
hire, quote UN quote crypto experts, partly because the
33:54
agency's employees can't own cryptocurrency, right?
33:58
So think about that for a second.
34:00
They make you sell Bitcoin. If you get hired by the SEC, do
34:06
they make you sell dollars that That kind of seems a little bit
34:11
rigged if you ask me, right? So you can't own Bitcoin if you
34:15
want to regulate Bitcoin, but you can hold dollars.
34:18
You could still accept dollars, you just still get paid in
34:20
dollars, right? So it's a little bit rigged if
34:22
you ask me. Double standards, you could say.
34:25
Anyways, the SEC, one of the major federal regulators looking
34:28
to rein in the crypto industry, is having trouble hiring crypto
34:32
experts, according to a new report from the agency's
34:35
Inspector General. Most federal agencies have an
34:37
officer of Inspector General or an independent authority that
34:41
reviews and overseas the operations of, say, the Federal
34:44
Trade Commission or the Social Security Administration.
34:48
On Thursday, the SEC division published a report on the
34:50
financial regulators, management and performance challenges.
34:54
These challenges include keeping pace with evolving technologies
34:57
like AI as well as maintaining an in the know workforce quote.
35:02
The SEC also faces challenges in recruiting specialists in crypto
35:05
assets, which enforcement considers critical to
35:09
strengthening its capabilities to investigate new and emerging
35:12
issues in the crypto asset markets.
35:14
As for why the SEC is having trouble recruiting crypto
35:17
experts, the report cited a quote.
35:19
Small candidate pool of qualified experts, competition
35:23
with the luring offers from the private sector and candidates
35:27
frequent conflicts with rules that prohibit the holding of
35:30
crypto currencies. Quote The prohibition, according
35:33
to SEC officials, has been detrimental to recruiting as
35:37
candidates are often unwilling to divest their crypto assets to
35:40
work for the SCC. You want to talk about bitcoins
35:45
incentives, winning. There you have a very clear
35:48
example of bitcoins incentives winning the day, right?
35:54
So like, yeah, it it like, but think about how absurd that is
35:57
and how unfair that is because it's like, look, they don't make
36:02
you divest out of dollars, right?
36:04
You could still accept dollars, still accept payment in dollars,
36:08
You still hold dollars. No.
36:09
But if you want to regulate Bitcoin, if you want to regulate
36:12
the Bitcoin industry, no, no, no, you you got to get rid of
36:16
that Bitcoin, right? And of course they want you to
36:19
get rid of that Bitcoin. Because if you don't get rid of
36:22
that Bitcoin, hey, all of a sudden there's going to be a
36:24
Bitcoiner inside the SEC saying, hey, what the fuck, why don't
36:27
you approve this thing? So yeah, it's it's an
36:31
interesting dilemma they find themselves in.
36:33
But again, Bitcoin's incentives rule the day, and all they
36:37
really have left is coercion. And I don't know how long
36:41
they're going to be able to keep up with that.
36:43
Because as the population ages and we know that the majority of
36:47
the millennial generation and the Gen.
36:49
Z generation and some of Gen. X are very, they hold a portion
36:53
of their net worth and Bitcoin and crypto.
36:56
They're going to be, they're going to be fighting a losing a
36:58
losing front. You know, they're going to be
37:00
fighting a losing battle. Like, eventually people are just
37:02
going to throw their hands up in the air and say, listen, this is
37:05
stupid. Like, what are you doing?
37:07
Like, this isn't in my own best interest.
37:09
Why are you forcing me to use this money that steals from me?
37:12
And I don't have the option to use the money that I want to
37:15
use. Like, what's going on there,
37:17
right? I don't think Elizabeth Warren's
37:19
political stance against the industry is going to be viable
37:23
in four years. I think she's able to get away
37:26
with that now, but in four years, a huge portion of your
37:29
constituents are going to be pro Bitcoin.
37:31
Listen, if you live in Massachusetts, Elizabeth Warren
37:35
is up for reelection next year. I don't give a flying F whether
37:40
you lean left or right in the Fiat ideological sense, if you
37:45
live in Massachusetts and you own Bitcoin, Elizabeth Warren
37:50
does not want you to take self custody of it.
37:53
So remember that next year, right?
37:55
So it doesn't mean you have to vote Republican, doesn't mean
37:57
you have to vote independent, doesn't mean you have to vote
37:59
whatever. Just keep in mind, if you live
38:02
in Massachusetts, Elizabeth Warren wants your Bitcoin, are
38:06
you going to allow her to grab it?
38:07
And I think more and more people are going to wake up to that
38:10
reality. Anyways.
38:11
Moving on, so here is Nate Garcia.
38:16
He's the president of the ETF store, host of the ETF Prime and
38:20
Co founder of the ETF Institute. He goes on to say spot Bitcoin
38:24
ETF approval could come this week.
38:27
Here is my attempt to briefly summarize the situation that Jay
38:32
Suffart who we just talked about all over goes on to say the spot
38:36
Bitcoin ETF watch continues blue.
38:39
Bloomberg J Safart explains that a small window is now open where
38:44
the SEC could issue 19 BF approval orders.
38:48
The consensus is that the SEC will batch approval spot Bitcoin
38:51
ETFs because the agencies wants to avoid being perceived as
38:55
playmaking kink makers and what will be an extremely high stakes
38:58
and absurdly competitive market. Issuing 19BF19-B four approval
39:04
orders during the current window would help keep the SEC on the
39:08
path towards batching up all the existing spot Bitcoin ETF
39:11
filings to launch at the same time.
39:13
This window will close on November 17th because there are
39:16
several issuers who filed later than the others.
39:19
Those later filings will enter a public comment period at which
39:22
the SEC simply isn't going to approve them until that period
39:26
is over. Therefore, the SEC would not be
39:28
able to include those issuers in any a batch approval process.
39:32
And it continues and continues now.
39:33
OK, so this is more of what we were reading about earlier, but
39:37
let's check this out. So this is where it gets
39:40
interesting. So this is the CEO of Grayscale
39:45
and he tweeted this out at 7:37 AM.
39:48
He says it's been a 10 year dress rehearsal.
39:51
We're ready for the main event. Now, Sometimes there's that very
39:56
famous saying, and I remember watching this show when I was a
40:00
little kid, who wants to be a millionaire, Who Wants to be a
40:02
Fiat millionaire. And one of the options was
40:05
always ask the crowd. You know, sometimes there's
40:07
wisdom in the crowd, right? So you have the grayscale C CEO
40:11
hinting. He's definitely hinting.
40:13
Make no mistake, right? So then I thought about it, said
40:16
OK, let's ask Bitcoin Twitter, let's ask Twitter, let's
40:20
askx.com. What they think I said.
40:22
Will the spot Bitcoin ETF be approved on Friday?
40:26
43.4% of you guys said no, 36.77% of you guys are hardcore
40:33
bitcoiners 'cause you answered don't give a fuck.
40:35
And yes and 1919.8% of you guys said yes.
40:40
So the vast majority of bitcoiners don't give a fuck, or
40:44
they say no, it will not be approved on Friday.
40:47
So that's the latest of the latest in terms of the ETF news.
40:52
I know it's a bunch of rumors, but hey, there is a nonzero
40:55
chance that this thing could be approved on Friday, which is
41:01
pretty crazy. I think that would make the
41:02
price go absolutely bananas, in my opinion.
41:05
Anyways, Opti, what do you What's your take on all this,
41:07
brother? Yeah, Well, maybe I'm just very
41:11
cynical here, but I just, I don't know, I, I don't think
41:15
we're going to see an ETF approval this year.
41:18
I I kind of think that if at the earliest it will be Q1 of next
41:24
year or as people are saying in the chat.
41:27
It won't be until Gary Gensler's out of office, but I wouldn't be
41:33
surprised if it does happen this year.
41:37
Just 'cause, you know, we've been so long in the in the
41:39
Bitcoin space, like nothing surprises us anymore.
41:41
It's just like, OK, some some other crazy stuff that you got
41:44
to deal with and hit the ground running with.
41:46
But I think it would be very interesting if all of these ETFs
41:51
did get dropped. All this weekend like and they
41:55
all happen at the very end of the day, Friday.
41:56
How many times have we covered throughout the year that crazy
41:59
news stories happen at the very end of the week on a Friday and
42:02
then it just tries to like kind of get swooped under the rug.
42:06
So that would that would actually be pretty interesting
42:08
in in my opinion to see what what is it 12 plus ETFs or 12?
42:14
Total ETFs get approved this weekend and they just kind of do
42:16
it all at one time. And just to see the the
42:19
floodgates get opened up at the very end of the weekend when
42:22
stock markets closed. It would be very awesome as a
42:25
Bitcoin hodler to see what the price does in regards to this
42:31
very funny that story of the SEC not being able to hold Bitcoin.
42:35
I think that has been a very telling news story that came out
42:39
in the last week, which would. Maybe clear up why Gary Gensler
42:44
has been so negative towards Bitcoin now.
42:46
He's probably butthurt that he had to drop his Bitcoin as the
42:50
price has been running because we know he used to teach a class
42:53
at MIT in regards to Bitcoin and blockchain.
42:56
So. It is very interesting that
43:00
there is obviously no conflict of interest about Congress and
43:03
senators and politicians owning stocks and then them being able
43:07
to lobby for their friends stocks and their companies and
43:10
and this this just completely goes under the rug.
43:13
But when it comes to Bitcoin, it's such a big deal and it
43:15
really just shows the rules for the but not for me type scenario
43:20
and the double standards and the extra hula hoops and obstacles
43:23
that we have to jump through. Because we are bit corners.
43:26
Because we have a better superior system.
43:29
And because we threaten their regulatory modes.
43:31
And because Bitcoin is so superior and it basically breaks
43:34
the game in half and now it's being exposed in real time and
43:38
it just it just really shows the double standards out there.
43:40
And then the the grayscale meme or tweet.
43:44
Maybe meme is a little slip of the words here, but it kind of
43:48
does seem like opium and and and maybe we're reading into it and
43:51
it does seem like we're all. You know, macro, macro, macro,
43:54
we're all wondering about ETFs and stuff happening right now.
43:57
But I think it's just going to show that an ETF will get
44:01
approved, as we've been saying for a while.
44:03
And I think the common view is it's not a matter of if, it's a
44:07
matter of when. And so we don't know when it's
44:10
going to happen, but we do know it's going to happen there.
44:12
There is no reason for them not to have a spot Bitcoin ETF.
44:16
We already have futures ETFs and they don't seem to care.
44:19
And and they constantly roll out the same excuse of like, oh,
44:23
it's the manipulation of the markets.
44:24
Well, anyone that knows how markets work knows that futures
44:28
are much more easy to manipulate the market with and yet this is
44:32
already in the market. So it just really goes to show
44:36
what we've been constantly saying on the show today is that
44:41
they don't want the. The flood wave to escape.
44:45
But they don't want the escape route to be open.
44:48
They don't want people to know that, Oh my goodness, like this
44:52
Bitcoin thing is real. You might want to get some just
44:55
in case it catches on. Because things are getting
44:57
absolutely crazy. And once they approve it, it
44:59
legitimizes Bitcoin in the eyes of all the average people out
45:02
there. And so hey.
45:06
Like someone said in the chat, maybe we don't want the ETF to
45:08
get approved yet because we can keep stacking cheap stats, but
45:12
it's going to happen anyways. And so it's just, it's going to
45:16
be crazy once it happens and and once it happens it's it's not
45:21
going, it's not going to stop like this.
45:23
This horse has left the stable and even though they're fighting
45:27
it, even though they're trying to roll out, you know, laws and
45:32
regulatory. Whatever who's obstacles?
45:38
It's not, it's not going to stop.
45:40
And this ETF, they can only delay for so much longer.
45:43
So it's just going to be interesting whether it's now at
45:45
the end of the year or whether it's the Q1 of next year.
45:48
It's going to happen and it's really going to set up for a
45:51
perfect, awesome bull run. So hey, you know, I just sit
45:55
back and huddle. It's it's awesome to just watch
45:57
this stuff happen and be of no concern to me because I have my
46:02
Bitcoin and cold storage like. They're they're not going to get
46:05
my my stack. I'm going to make it through the
46:08
huddle buyout zone. But hey, it is what it is, you
46:10
know? Here we go.
46:11
Welcome to the show. Welcome to the show.
46:14
Buckle up because they don't call it the Bitcoin roller
46:17
coaster for no reason. Anyways, I do want to give a
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47:48
full screen on this one. I'm going to have to clear up
47:52
some egg on my face for today's show.
47:55
I told you guys we were doing a giveaway we we broke 21 K on
47:59
YouTube. And in honor of that, we wanted
48:02
to give back to the community though.
48:05
I didn't realize how hard it was to just literally pick a random
48:08
follower on YouTube or on Twitter or our Telegram group,
48:12
and so I still haven't figured out any way to do this
48:16
legitimately when I get you a random a random follower from
48:20
all of these groups, so I'm still in the works of this, I I
48:23
can go through my my thinking. I I've kind of been looking
48:26
around what I can do. Maybe I have to extend that this
48:29
giveaway a little longer and I'll figure out exactly how to
48:32
do it. Maybe I literally I I'm, I'm
48:34
probably going to go. And from our telegram group
48:38
literally just manually get all of your names.
48:41
I'll I'll try. I don't know if I could do that
48:43
for Twitter 31,000. That's kind of a lot.
48:45
So I'm going to figure out a way to do this guys, I still want to
48:48
give back to you and shout out to Kaizen.
48:51
He did win the mega prize for us though we are having some issues
48:55
shipping it to you. As you can tell, this is our
48:58
first giveaway without you guys trolling us and and ruining the
49:01
giveaway for you guys. Yeah, it's not.
49:04
I know if if it's if you don't win, it's rigged.
49:06
I know. I already know.
49:07
I already know. So I'm trying to do this as
49:10
transparent as possible where you guys don't think that we are
49:13
rigging this and and playing a little bit of favoritism and
49:16
just giving it to our friends, so.
49:19
If you guys have any ideas on how I can do this I will take up
49:24
your offer. I'm I'm trying to figure this
49:26
out. I've I've dude I've I've done
49:27
research all weekend I I couldn't figure it out there
49:30
that it does. It's not as easy as it seems.
49:32
I I don't know what's going on here so I'm going to have to
49:35
take an L on this one guys. I'll figure out exactly how to
49:39
get you guys to merge. Again.
49:41
Our grand prize is going to Kaizen.
49:43
I have to figure out how to ship it to you because I'm not to dox
49:46
you too much. But it's easy for us to ship
49:51
domestically. It's a little harder to ship it
49:53
out of the US route. So I still have to get in touch.
49:57
We still have to figure that out to everyone else.
50:00
I guess maybe I will try to figure out the giveaway.
50:03
You know, we're going to give away a hoodie.
50:04
I think we're going to give away a free couple T-shirts.
50:07
So it's going to be about like 3 or 4 giveaways.
50:11
And we're I'm going to try to, we're going to do the the
50:15
giveaways hopefully domestically.
50:17
So you have to be within the US I'll figure out how to do this
50:20
guys. I might literally have to just
50:23
manually labor and and get write down every singles name,
50:27
person's name and do a random number generator.
50:30
So. I don't know.
50:32
I'm I'm I'm breaking my back over here guys.
50:34
Yes. XX, it's for a whole Bitcoin.
50:37
No, no it's for some it's for some simply Bitcoin.
50:39
Merge Kaizen. We he's the winner for our our
50:45
big mega prize giveaway. Make sure we get in touch with
50:49
Stamp seed and see what we can do if anything.
50:52
I don't know I'll I'll figure out I'll figure out how to get
50:54
it to you dude. It's as you can tell, we're not
50:58
that good with our giveaways, so.
51:00
I still have to figure out how to do this guys, but I wanted to
51:02
come up here and at least be transparent in regards to what's
51:04
going on with the giveaway. So you guys don't think we're
51:06
just doing this for likes and followers.
51:08
No, I really want to get back to you.
51:10
I just, I don't know how to do this logistically yet.
51:12
So I will. I'll figure this out for you
51:16
guys. And yeah, yeah, sorry Andrew and
51:17
everyone else. It's just it's like we got to,
51:21
we got to write like customs and forms to get it out of the US
51:25
for you guys and it's just like AT shirt.
51:27
And a hoodie. So we'll figure it out man.
51:31
Yeah, Breaking Opti's mind is breaking right now so I dude, I
51:37
yeah, dice roll. I dude, I'd have to write down.
51:41
So I I'm I'm going to for sure do this with the telegram.
51:44
So guys join our telegram. T dot me slash simply Bitcoin
51:47
TV. It's 1000, people.
51:50
It's a little more reasonable than trying to figure out how to
51:52
do it on Twitter, which is 31,000 or 32 + 1033 or something
51:58
like that. So until I figure out an
52:00
automated way to do this, I might just have to do it
52:02
manually for our Telegram group. And then I also realize I can't
52:07
even see who all of our followers are on YouTube.
52:10
It just gives me a number. So.
52:14
I don't know how to do this guys.
52:16
I'm trying to figure it out. I even signed up for something.
52:19
I might have to pay for something to give you guys and I
52:21
might have to extend it out. So I might have to figure out a
52:24
way. And I don't want to like KYC you
52:25
guys just to like it. So I'm taking egg on this one.
52:29
I think this is the first time I came on a culture and I didn't
52:32
have like some actual value for you guys.
52:34
So I feel like I didn't do my job today, but.
52:39
I'm I'm I'm going to figure it out.
52:41
All right. Give me.
52:42
I'll. I'll give you an update by
52:44
Thursday. Until then I don't know.
52:47
I'll I'll come I'll figure out how to do this.
52:49
Guys if you're on. If you were on I actually I
52:52
probably should have said this on before the if you're an audio
52:55
you can Fast forward this part and get to the memes if you
52:57
want. Yeah, just let a random person
52:59
pick a random person. That seems fair.
53:03
That seems as fair as anything else.
53:05
Let's see. All right, let me see.
53:07
Ask Bitcoin trivia questions. Impert the 1st 6 correct
53:10
usernames on an erasable spin wheel.
53:13
I kind of already did that. I already kind of did the chat.
53:18
I still have those names and I could add some more names and I
53:22
don't know, I I feel bad. I don't.
53:23
I I have to figure this out. It it literally seems so easy,
53:26
it seems like this should be an easy problem to fix.
53:30
I just, I have to figure it out or I have to manually do
53:34
everyone on Telegram and then do like a random number generator.
53:39
I don't know man. I'll figure it out.
53:40
I'll put in some more some more effort throughout the week and
53:43
hopefully get you guys an update by Thursday.
53:45
I think that's going to be our neck our last free day of the of
53:48
the week. So I don't know man.
53:51
I'm taking I'm taking egg on this one Nico.
53:53
I'm taking an L on this one today, so.
53:57
I just I had to update them. I couldn't figure this out.
53:59
I I completely apologize it it seems like such an easy thing to
54:03
do, but I I couldn't figure it out.
54:04
I legitimately couldn't figure it out.
54:06
All I could figure out was ways to do it off like comments and
54:09
twitters and stuff. But like I already told you, I
54:11
was going to do this giveaway today.
54:13
OK, so we're going to figure it out, right?
54:17
And when is the next when is going to be the next giveaway?
54:21
And whenever I figure it out, the giveaway is getting the big
54:24
giveaway. Terrible answer, bro.
54:26
No. Well, we were going to say 42 K,
54:28
but I I still owe you for this one.
54:31
So I'm going to figure it out hopefully by this week and at
54:35
least I'll, I'll be able to give us an update.
54:38
Great Friday. Well, we have a guest Friday.
54:40
So Thursday I'll come back and I'll hopefully figure it out.
54:42
So, so Thursday I'll. Give you an update, I'll give
54:46
you an update, but we got, but we got to do the giveaway, we
54:49
got to do the. But hey, look, how did you do
54:52
the giveaways before? Didn't we do a giveaway on
54:54
YouTube before bro? Here wasn't that simple.
54:56
It was super easy. You just put a bunch of the of
54:59
the of the tags in this random. I did that.
55:02
I already did that, but I wanted to give it to everyone.
55:04
And I don't want to just keep it to people in the chat, but do I
55:07
just keep it to people in the chat?
55:09
Dude, you got to set some rules, right?
55:11
So I already did so to enter the giveaway comment in the chat.
55:15
I love simply Bitcoin or something like that.
55:18
And then that's how you do it. I guess the new rule is it's for
55:22
people only in the chat. Sorry.
55:23
For everyone that listens to us. No, no, no, no.
55:26
OK, I get what you're saying. See, I was.
55:28
I was trying to do it for everyone, not just people to
55:30
hang out with us on the live chat, and that's way more
55:33
difficult. That is difficult.
55:35
I see the conundrum now. OK, well if you guys have
55:38
suggestions on how we should do this, send us Adm or put it in
55:42
the chat. LA in LA and Hold on, the people
55:45
in the chat are the only ones that deserve it.
55:50
Who who thought giving away free stuff was so complicated?
55:54
Dude, I just figured out this week and I I legitimately
55:57
thought there's an automated way to do this.
56:00
And it's not that simple, apparently.
56:03
This is interesting. It's it's actually hard.
56:06
I don't, I don't know. We have some awesome stamp seed
56:11
merch and stuff to give away a stamp seed kit.
56:14
And you gotta be in the US too. It's just it's and and we're
56:19
going to give it away and we also got merch that we want to
56:21
give away to just bear with us while we figure out the
56:24
logistics that was that was the culture.
56:27
Breaking up, Yeah, I I I told them the culture today was I'm
56:30
doing the giveaway live and I couldn't figure out how to do
56:33
the the full giveaway Live Today so I'm taking an L.
56:39
Yeah, wow. Now he finally uses the
56:41
soundboard correctly. OK, alright, let's move on to
56:44
back some more entertainment. Let's.
56:46
Get to the memes. Let's get to the memes.
56:48
Let's get to the memes. Wait.
56:51
Wait, wait. Susie Q gets it.
56:52
Hold on. I I think I'm gonna just do a
56:54
curveball here. I'm not in the US, so don't
56:56
care. But seriously, can't.
56:57
Please everyone. Just pick away and do it.
56:59
All right? We'll talk about it, and I'll
57:00
probably just pick the easiest way to do it.
57:02
And it might be just for everyone in the chat.
57:04
Maybe it's no, no, no, no, no, no.
57:06
For everyone in the chat. This is why you need to come to
57:08
the chat. Look, look, look, we're gonna be
57:10
giving a what? We're gonna be doing a giveaway
57:12
on Saturday, OK? No, sorry.
57:15
On Thursday, if you want an opportunity to win a stamp seed
57:20
storage kit, TuneIn to the YouTube or TuneIn to rumble and
57:26
hang out in the chat so that Opti knows who to pick and then
57:30
we'll go from there. How does that sound?
57:32
Good, Kapish. Sure, hold on.
57:36
Nate gave me. It's better to use who is in the
57:38
chat because of the number of bots that fall.
57:40
OK, fuck it. Hold on.
57:46
I'm taking it from the chat. Sorry guys, I'm giving it away
57:48
to four people in the chat. We're going to give two
57:50
T-shirts, a hoodie and the thing you got to be in the US Kaizen.
57:53
I'll figure it out. Maybe I can get it to you.
57:55
Let me, I'll get back. Let's send Kaizen some, some
57:58
merch, right. And then the stamp seed and the
58:03
US people in the stamp seed, we could only send it to the US but
58:06
that's because of of shipping constraints.
58:08
That's not because we don't want to.
58:10
It's just just like, it's Fiat stuff, I guess.
58:13
OK, All right. So we'll be doing the giveaway
58:16
on Thursday. I already have most of your
58:17
guys's names and stuff. So shirts, hoodies, all of that
58:21
stuff. Stamp, seed.
58:22
So it's gonna be good. It's gonna be good.
58:24
Well, we went through a a troubleshoot live on air.
58:27
That's that's the first time for simply.
58:29
Let's hit the memes. The Daily Meme Review.
58:41
Wait, wait, wait. Nate, Nate, hold on.
58:48
Will this be a self hosted giveaway or custodial giveaway?
58:52
I think it's self hosted. Hands wide.
58:54
So clunky. Anyways, yes, yes.
58:58
Nico, I don't know what just happened.
59:00
It is what it is. It is what it is.
59:02
I I dude, I tried to figure it out.
59:03
I I it's been a it's been a busy weekend.
59:06
All right. Anyways, this is the meme review
59:07
where you guys tag us in memes. You give me memes on Twitter,
59:11
Tag us at Simply Bitcoin TV. You can still kind of tag mine
59:15
even though my notifications are blowing up.
59:17
Maybe keep it to the Simply Bitcoin one.
59:19
Drop them in our Telegram group. I want the tweets.
59:21
You gotta not only tag Opti, you gotta follow Opti, you gotta
59:25
follow Opti and you gotta tag. Blow up my notifications.
59:29
Drop the tweet in our telegram group.
59:31
T dot me slash simply Bitcoin TV.
59:34
Tag your memes. Tag your favorite memers memes.
59:37
This is about. Fighting the information or
59:41
spreading the Bitcoin signal. This is what we say.
59:46
Tweet to the bullets, mean to the artillery.
59:48
This is the way guys we're we're constantly in the trenches every
59:51
single day, hopefully spreading the information, the signal
59:56
providing value so that more people wake up to what is
59:58
actually going on in the world. It's getting crazy out there and
1:00:02
it's only going to get crazier. Anyways, 1st meme.
1:00:06
I'm not going to do the audio. I think there is some audio but
1:00:09
there it might get tagged but shouts out to Culligan fields
1:00:12
hey my cousin out here Tommy boy 21 mil Culligan Fields and we
1:00:16
got I I actually I love this one.
1:00:19
All right. So we have Matthew McConaughey
1:00:20
and he's driving and he's like crying and you know he's in pain
1:00:23
and goes driving home from work knowing you didn't really go all
1:00:26
in on 16 K Bitcoin. I think we all feel this one.
1:00:32
I think every single one of us. Cash, Like I knew I was just
1:00:35
broke. I knew that it like it was like
1:00:37
a dope. I was like, dude, like this is
1:00:39
like such a no brainer. I just wish I had more cash back
1:00:42
then. Yeah.
1:00:44
Hey Matt, is it annoying? No, I just.
1:00:49
I on the weekends I just close my Twitter and then I come back
1:00:52
on Monday. Look, I got all the tweets, bro.
1:00:54
I just, I might not like him on the weekend because Twitter's a
1:00:58
headache. All right.
1:00:59
Anyways, next one is by Bitcoin Mac.
1:01:01
And this really just this literally just dropped right
1:01:05
when the show happens. We got the I forget who this guy
1:01:08
is. Nick, Nick.
1:01:10
Can't mine. MVP, Bro.
1:01:13
MVP. All right, so it's the like guy
1:01:16
in the kitchen. I forget what the show is and
1:01:17
he's all like, hey, you know, and if they put Gary Genza's
1:01:20
face on it and he goes Gary Genza looking at all the spot
1:01:22
Bitcoin ETS in front of the SEC like when's it going to drop
1:01:26
Gary? I don't know.
1:01:28
I don't know. That is hilarious.
1:01:29
I don't know. Good job Nick killing it.
1:01:31
OK next one is by SF hot on it goes win moon.
1:01:34
And we got Kermit the Frog here fishing and pondering and
1:01:37
looking out at the Liberty. Statue of Liberty and it's
1:01:41
raining and he's looking out the window and it's me waiting for
1:01:44
40. Ki think we're all just watching
1:01:46
that 40K line. Like once it hits 40 Ki think
1:01:48
it's going to absolutely explode.
1:01:50
But right now where? What was the price again today?
1:01:53
Niko like 3534, Something like. That 36.7.
1:01:58
Wow, we're we oucha. All right.
1:02:00
Next one. Alex Stanczak of Cafe Bitcoin is
1:02:03
quote, tweeting Nico. And Nico's going.
1:02:05
The world still doesn't know Bitcoin is designed to go up
1:02:07
forever. And we got Alex here and he just
1:02:10
got very few. And we got I think, what is this
1:02:12
Darth Maul? I don't know.
1:02:14
I don't even. Yeah, Darth Maul is it.
1:02:16
Yeah, hold on. I gotta.
1:02:17
I gotta edit. All right.
1:02:19
And he goes, he's got the double double lightsaber.
1:02:22
And on one side he goes, I buy Bitcoin.
1:02:24
And then when the backside of the double lightsaber goes, I
1:02:27
buy Bitcoin at any price. This is the way time in the
1:02:30
market beats timing the market. Just stack sats constantly.
1:02:34
Always and forever. Every paycheck you need to save
1:02:38
in Bitcoin. Doesn't matter how much I would
1:02:41
say more is better, but hey, you need to survive and you need to
1:02:44
save constantly. Once it hits Bitcoin, do not
1:02:47
sell it. Do not touch it.
1:02:48
This is the way. OK next one is by Glocky AKA at
1:02:52
Clucky's under score on Twitter and just goes hashtag Bitcoin
1:02:55
with the fire emoji. And we got again the classic
1:02:59
Drake Hotline Bling meme here and he goes no to adding people
1:03:02
you went to high school with on social media.
1:03:04
Yes to adding complete strangers who want to buy Bitcoin and to
1:03:07
fund the government. All right, next one is Boomstick
1:03:12
44 AKA Joker and he goes hashtag Bitcoin and it looks like a
1:03:17
homeless guy with a cardboard sign.
1:03:19
And the cardboard sign says have fun staying poor.
1:03:22
And then on top it says Bitcoin hodlers when they see someone
1:03:25
driving a moderately new car. Have fun staying poor.
1:03:30
All right, this last one, shout out to Ben Jesseman.
1:03:34
Great meeting you in person, bro.
1:03:35
I I really good dude, and he owns P&E Lane.
1:03:41
He sells wine. He's a bitcoiner that makes
1:03:42
wine. And I think all of you
1:03:45
bitcoiners out there will encounter this at your
1:03:49
Thanksgiving dinner. And he goes, Thanksgiving Day,
1:03:51
how to hashtag Bitcoin. And we got a bottle of P&E Lane,
1:03:55
his wine company. And you know, it's got a little
1:03:58
bracket here, which is the first sip of our first glass of wine
1:04:02
of Peony Land. He goes, thank you for inviting
1:04:05
us to dinner. You have a lovely home.
1:04:07
And then your second and third glass goes, Bitcoin is not dead.
1:04:10
No, I didn't use or trust FTX. Yes, I do think it will go back
1:04:13
up forever, Laura. And then the very end of the
1:04:17
bottle. Because you're drinking this
1:04:18
whole wine bottle to yourself. This is when all the crazy stuff
1:04:21
comes out and it goes. Financial revolution.
1:04:24
Decentralization. Self sovereignty,
1:04:25
unconfiscatable, no middleman. Carbon negative mining.
1:04:28
Banking, the unbanked, balancing the grid.
1:04:31
And it's Bitcoin, not crypto. Yeah, listen, this is what
1:04:37
everyone's Thanksgiving. What is this?
1:04:40
What's going on down here? Yeah, Star Wars is great.
1:04:45
Who doesn't like? Who doesn't like Star Wars?
1:04:47
Star Wars is awesome. All right.
1:04:51
Anyways, guys, drop your meme review score in the chat as we
1:04:57
cover hours live. I'm.
1:04:58
Gonna give it a passport hardware wallet?
1:05:00
Oh yeah, yeah. Wow.
1:05:01
Look at you. Look, not your keys, not your
1:05:03
Bitcoin. Elizabeth Warren believes that
1:05:06
this is a danger to society. This is a sophisticated,
1:05:11
sophisticated tool. You know, to to store like, God,
1:05:19
yeah, yeah. Anyways, get yourself a hardware
1:05:22
wallet. OK?
1:05:24
Scan the QR code. This is the way.
1:05:26
Not your keys, not your Bitcoin. OK, that's my score.
1:05:32
What's your score? Chop Your Meme Review score in
1:05:34
the chat right now. Right now?
1:05:35
OK, we got some My Meme Review score is 2 Q-tips Brand new.
1:05:40
Clean. You want me to use them, I'll
1:05:42
use. Them.
1:05:42
No, no, no, no, no, no. OK, OK, We got some in the chat
1:05:48
already, but actually actually actually there you go.
1:05:52
Yep, Yep, guys get the Simply Bitcoin merge.
1:05:55
Opti is wearing the the classic orange.
1:05:59
I'm wearing the sold out limited edition Simply Bitcoin camo
1:06:04
hoodie. Opti is still wearing a hoodie
1:06:07
that's available. And get it while supplies last,
1:06:09
it also really helps support the show.
1:06:12
Believe it or not, it's like a crew of like ten of us at
1:06:14
Simply. So it really, really helps us
1:06:17
make awesome content for you guys.
1:06:19
So please fire me. Wait, wait.
1:06:20
I'm gonna double down. I'm doubling down.
1:06:22
I'm doubling down on this. Guys.
1:06:25
We are the best Bitcoin only YouTube show.
1:06:28
We are the number one Bitcoin only YouTube show.
1:06:32
Help us stay on air. Help us continue to do this.
1:06:37
The merch really helps us. I will be giving away a hoodie 2
1:06:41
T-shirts on Thursday And the Stamp seed kit Kaizen.
1:06:45
I'll talk to you. I'll get you a shirt.
1:06:48
Guys, help us stay as independent as possible.
1:06:51
We we're doing our best to be as independent media Bitcoin media
1:06:54
as possible by our merch. We are the best YouTube show.
1:06:58
No one else competes with us. OK?
1:07:01
This is how we stay on air is by us, you know shilling some wares
1:07:05
man like stack shots first, support us second.
1:07:09
Support us if you can. Wow, Opti, That's a that's a
1:07:11
heartfelt, that's a heartfelt one.
1:07:14
Man, that that that made me, that made me want to buy wine,
1:07:17
was yelling at me this morning. OK.
1:07:20
OK. All right.
1:07:20
All right, here we go. I.
1:07:21
Get it? I get it all right.
1:07:25
First score is from. Sat wise Jinx I give the memes
1:07:30
12 ETF applications being approved simultaneous by Friday.
1:07:35
Jinx is bullish. The P man van I give the memes
1:07:38
me watching simply Bitcoin while mixing punk rock.
1:07:41
Be your own boss. All right, I see that Matthew J1
1:07:46
gives A1 Bitcoin hat. All right.
1:07:49
Coming soon Tag Wine and. Yeah, tag wine and tell it on
1:07:53
Twitter. Dad hats and not just a snap.
1:07:55
On Twitter and complain to Wine for any merch related stuff at
1:07:59
Winekiss. At Winekiss Wine, Elaine says
1:08:05
Lizzie Warren took an axe and tried to give Bitcoin 50 wacks.
1:08:09
When Bitcoin saw what she had done, they laughed and counted
1:08:12
to 21. Wow.
1:08:14
Elaine. Coming in with the rhyming
1:08:17
Double X meme score. Fuel cell Bitcoin mining.
1:08:20
It's coming, exclamation mark. That's a great score, Roman.
1:08:24
Bitcoin expert. That doesn't hold.
1:08:26
Bitcoin is not an expert. Yeah, all the Bitcoin skeptics
1:08:30
turn into bit corners if they study it enough.
1:08:34
Andrew Williams. Wine for Winekas.
1:08:37
Wine for Winekas? Son of Satoshi 1 Undeliverable,
1:08:42
simply Bitcoin giveaway hoodie dude.
1:08:45
If you were undressed, if you weren't here last week, it would
1:08:48
have been yours. But you missed out, you fool.
1:08:51
Oh, man. OK, next one, Robert Vermont.
1:08:56
I give the memes one statue of Barry Silvert erected in front
1:09:01
of the Federal Reserve Building. OK, OK.
1:09:05
All right. I don't know why Barry Silvert.
1:09:07
But I will take it Keefe boy. I give the memes a hard not on E
1:09:11
2023 ETF approval. Hard no.
1:09:13
Hard No on 20/23. ETF it says hard not I know, but
1:09:18
under here he says no. OK.
1:09:22
All right guys. All right, we're done with the
1:09:31
meme. You do.
1:09:32
Can you can you queue up the fail music?
1:09:34
Because oh wait, I have it. I have it.
1:09:37
Yeah, guys. So usually I like to add value
1:09:42
to the culture. Today I'm taking an L, so I'll
1:09:47
figure we're going to give it away to you guys on Thursday.
1:09:51
I dude, I couldn't figure it out.
1:09:52
It's so much harder than I thought.
1:09:54
It was like, legitimately so much harder than I thought it
1:09:57
was. Troubleshooted on air.
1:09:59
Anyways dude, I troubleshooted all weekend and I still couldn't
1:10:02
figure it out. So it's going to the chat.
1:10:05
Sorry guys, I'll do 4 giveaways to you guys in the chat.
1:10:07
It's OK so. Thursday, Thursday we're gonna
1:10:10
be doing a giveaway. Guys, thank you so much for
1:10:12
tuning in. I think this is an all time high
1:10:14
episode and shout out of course to our Rumble audience.
1:10:18
I think we get we hit 70 on Rumble as well.
1:10:20
We appreciate you guys so much for tuning in, supporting the
1:10:23
show, check out all of our all of our sponsors and partners.
1:10:26
Really, really helps us stay on the air and keep delivering
1:10:29
great content for you guys. But yeah, Opti Flopsy floppy
1:10:36
today at. Least it was funny.
1:10:38
At least it was funny. It was a bit of it was
1:10:41
definitely the dog in the house burning.
1:10:44
Yeah, this is fine. Put a Red Nose.
1:10:47
I should have put a Red Nose on like a clown.
1:10:50
Man, it's okay. Cheers of the cloud.
1:10:52
Anyways guys, if you enjoyed the show, you know what to do.
1:10:54
Smash that like button. Consider subscribing if you feel
1:10:57
like we provided you value. But the number one thing you
1:10:59
could do to push the peaceful Bitcoin revolution forward is
1:11:03
share this content. In fact, share all Bitcoin
1:11:05
content. Don't be exclusive.
1:11:08
Be inclusive. Share Bitcoin art.
1:11:10
Share Bitcoin music. Share Bitcoin culture.
1:11:13
We must take over the culture. You take over the culture.
1:11:16
That's how you win the politics game.
1:11:18
Politics is downstream from culture, after all.
1:11:21
So that's how we win. We have to really, really change
1:11:25
the minds of people. To stop infighting, you know,
1:11:28
because it's not left versus right.
1:11:30
It's really just the party of Orange versus the party of
1:11:33
Green, the party of CBD, CS, slavery versus the party of
1:11:38
freedom, the party of Bitcoin and all those other things are
1:11:42
just distractions. It's a divide and conquer
1:11:45
machine. It doesn't matter if we vote
1:11:47
Republican or Democrat. They essentially do.
1:11:50
The same exact thing. Anyways, guys, we love you all.
1:11:53
Thank you much. Thank you so much for tuning in.
1:11:56
We'll see you tomorrow for a brand new episode of Simply
1:11:59
Bitcoin Live. Peace out, everybody.