Latest / Simply Bitcoin / This Is Americas BIGGEST Bitcoin WARNING EVER & It's SPREADING To The Rest Of The World! | EP 1306

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This Is Americas BIGGEST Bitcoin WARNING EVER & It's SPREADING To The Rest Of The World! | EP 1306 · Simply Bitcoin

0:00
America just sent a huge warning to the rest of the world, and no
0:04
one even noticed. Literally hours ago, Donald
0:07
Trump appointed A Bitcoiner to the Federal Reserve.
0:11
But that's not all. He also made a crucial change
0:14
that will affect your bank. But before we get to all that,
0:18
let's roll this clip of what U.S.
0:19
Treasury Secretary Scott Besson just recently said about
0:23
Bitcoin. We are going big on digital
0:27
assets. So Trump administration has made
0:32
digital assets for priority. Past administration starved and
0:37
almost made extinct a lot of these companies and pushed it
0:41
offshore. So what we want to do is apply
0:44
the highest US regulatory and AML standards to digital assets.
0:52
You heard them correctly. And guys, I've been telling you
0:54
guys this ever since the digital working group asset report came
0:59
out that it looks like they are planning this in lockstep with
1:04
what's everything, everything going on.
1:06
They got to drop the regulations here and then they're going to
1:09
go as Scott Besson said, all in on he said crypto and digital
1:13
assets. But we all know it's really
1:14
Bitcoin. That's that's the real signal
1:16
here. Now this next move is very
1:18
interesting. What we just saw came out
1:20
yesterday that might have a lot of people scratching their heads
1:25
like, why are we even talking about this?
1:27
But Trump just tapped the top economic advisor and this New
1:31
York Times to join the Fed's Board of Governors.
1:33
So if it's confirm this is going to be a temporary position.
1:37
But Stephen Marin is the current chair of the Council of Economic
1:41
Advisors, and he would temporarily fill a position left
1:44
vacant. Remember, we were telling you
1:46
this last week that a Fed board governor stepped down before
1:51
their time went up in January 31st.
1:54
This lady, Adriana Coogler, she stepped down early.
1:57
And to fill that position right now, Trump has nominated Stephen
2:01
Marron to be the new governor of the Federal Reserve.
2:05
And again, remember what I've been telling you guys?
2:07
I've been going down this Marc Moss rabbit hole of the Mar a
2:09
Lago record. What What they're actually doing
2:12
what what what's the meaning behind this whole push for
2:14
stable coins and legislation around Bitcoin?
2:17
It seems like it's becoming a real thing in real time.
2:22
So this guy, Stephane Maron, of course he's going to get put in,
2:25
but that's not really the news story here.
2:27
Yes, OK, who can really cares about the Fed?
2:30
We're Bitcoiners. I thought we were never going to
2:32
have to talk about the Fed. I thought we're trying to end
2:34
the Fed. Well, yes, that is kind of
2:38
happening in real time. But the interesting part about
2:41
this is check out this guy's Twitter guys.
2:43
So here we go Stefan Miran on Twitter.
2:46
Look at some of the stuff he's been tweeting for years now,
2:49
hashtag Bitcoin fixes this. Bitcoin fixes this talking
2:52
about, you know, filling in some Bitcoin shorts on the ETFs like
2:56
this guy sounds like a bitcoiner.
2:58
Now, when you really go into this, this kind of news story
3:02
here, his track record is really interesting.
3:05
So the Bloomberg dropped this article.
3:08
I, I can't pull it up on the show because, you know, some
3:11
guidelines and some rules and stuff here.
3:13
But there is some interesting stuff.
3:15
Actually, I was able to pull it up.
3:17
So Caitlin Long tweeted about this and what I found super
3:21
interesting here. Oh, yeah.
3:23
I can't actually pull it up. OK, yeah, I forgot it's behind
3:26
the paywall. There was this this screen grab
3:29
that Caitlin Long added to it and when I was double checking
3:33
this this morning to actually get the right screen grab, it
3:36
looked like they changed this portion of the article on
3:39
Bloomberg, which is kind of interesting.
3:41
This was tweeted last night and then that portion just
3:45
mysteriously vanished from the Bloomberg article.
3:48
But anyways, the part of what Caitlin Long was screenshot and
3:52
she goes, wow, it seems moron gets it based on the below.
3:56
The Fed bank's regulator certainly became political and
3:59
Operation Choke .2 point O again.
4:01
And I went to verify this this morning.
4:03
This portion of the Bloomberg article completely vanished.
4:07
Part of it was there, but this portion that that Caitlin Long
4:11
screen grab wasn't a part of the article.
4:14
Now who knows if they saw this and then they edited it later.
4:18
But anyways, here is the screen grab.
4:20
Miran has been critical of the Fed's track record in recent
4:23
years. In the March 2024 paper, Miran
4:26
and Dan Katz, now chief of staff at the Treasury Department, laid
4:30
out a 24 page plan and for reforming the Fed that blames
4:33
policy errors at the central bank, UN quote group thing.
4:37
It also takes the Fed the task for having expanded into
4:40
political areas that are beyond entryment.
4:43
Quote, the Federal Reserve record in recent years raises
4:45
questions about whether it's been operating in line with the
4:48
best practices of central bank independence.
4:51
Then they called for the separation of monetary policy
4:54
from banking regulation and supervision at the Fed by
4:57
stripping the board of its authority over the ladder.
5:00
The change, which would require legislation action, would,
5:03
quote, avoid unnecessarily polluting the monetary policy
5:07
process. This is something Nika has been
5:09
on a tear recently of the Fed and Jerome Powell acting
5:13
political, of course. We got some videos coming out
5:16
where people close to Jerome Powell saying he doesn't like
5:20
Trump. A lot of the stuff he's doing is
5:22
acting political. And then, you know, as all the
5:24
Bitcoiners, like a future member of the Federal Reserve, just
5:27
been nominated to be the new board governor, tweeting about
5:31
Bitcoin and also talking about Fed independent monetary policy
5:38
here. This is one of his reports he
5:39
dropped last year. And then really going further on
5:43
this, Trump also dropped another executive order.
5:45
We covered the four O 1K executive order allowing
5:48
alternative assets to flow into or sorry, alternative assets to,
5:52
to be used for the four O 1K specifically, of course,
5:55
Bitcoin. But he also dropped this
5:58
interesting executive order last night as well.
6:01
And Caitlin long again all over this because of course she tried
6:05
to get a figure, a federal regulated bank fully back, fully
6:08
reserved and they shut her out. They're like, this isn't going
6:11
to happen again. And angling towards this has all
6:15
been political. They are absolutely terrified of
6:18
Bitcoin infiltrating the, you know, the traditional financial
6:22
system because they can't control it.
6:24
And that's the whole thing. They can't control it.
6:26
Then what are they going to do? They're going to try to regulate
6:28
it to the corner, make sure people don't use it, scare them
6:31
away from using Bitcoin anyways. This executive order is titled
6:35
Guaranteeing Fair banking for all Americans and Caitlin long
6:40
digging through this did a great breakdown on Twitter and she
6:43
goes digging through Trump's the banking executive order.
6:46
It contains some hidden gems. The first one is a doozy.
6:49
It shows the White House understands it can't trust the
6:51
federal banking regulators. It brought in an overseer to
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keep them honest with good reason.
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It's overseeing the secrecy banking act, a non bank
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regulator and this speaks volumes.
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POTUS understands the abuses of power that gave rise to the
7:06
banking run deep in the agencies.
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Look up the political contributions of Fed and FDIC
7:12
staff. They lean heavily dim
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democratic. Now going further it's not just
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anyone in charge at the SBA. It's Kelly Loffler now she is a
7:21
bit corner yes, the White House just gave a bit corner this task
7:25
again, we have two things coming out of the federal government
7:28
right now. We have a big corner being
7:30
tapped to be a part of the Fed as a Fed board governor, and now
7:33
we have another big corner in charge of the SBA.
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This is a huge tell. The White House doesn't trust
7:40
the three federal banking agencies, the FDIC, the Fed, and
7:43
the OCC to clean their own houses.
7:46
But the SBA has jurisdiction, so it's being inserted as a super
7:50
regulator above the other three. Tactically, this is a creative
7:53
move and POTUS is serious. Now, this is kind of what we've
7:57
been talking about here, here for a while on the show.
8:01
Whatever do you think about Trump and what all his other
8:04
political kind of takes are and all the things he's doing, what
8:08
we are seeing is that he's very serious about Bitcoin.
8:11
We all know his kids are fully into Bitcoin.
8:14
We know his like his Media Group that he has I believe 40% of the
8:18
shareholder voting power to they're buying Bitcoin.
8:23
They're doing a Bitcoin treasury strategy.
8:25
Now it looks like the people that are going to oversee the
8:28
Fed, she's a bitcoiner Now. I think this is, quote UN quote,
8:33
the Trump card here. Trump is actively pushing
8:37
Bitcoin because I think he knows what we know the Fiat system, it
8:42
can't keep going how it's going. We we know there's a huge
8:44
federal deficit. We know that the Fed is
8:48
supposedly independent and they're doing whatever they can
8:52
to essentially, for lack of better words, you know, bankrupt
8:56
all of us here continue to print money, continue to have high
8:59
interest rates. And Trump has been very vocal on
9:02
the opposite, that he wants lower interest rates.
9:06
He wants to bring, you know, production back to the US and
9:11
and a lot of the things he's doing is really revolving around
9:14
unleashing Bitcoin into the US again.
9:16
He's been publicly saying we want to make America the Bitcoin
9:20
superpower of the world. And then my boy uncle Jack Cruz
9:23
comes out and he goes since freeing Ross.
9:25
This is the best news of the Donald John Trump
9:29
administration, which is this guaranteeing fair banking
9:33
practices. So there's a lot of things to
9:35
kind of unpacked here, but it seems like the move towards
9:39
Bitcoin in America, at least from the Trump administration is
9:42
going full force. Remember Scott Besson, he's been
9:46
very vocal about making Bitcoin the crypto capital of the world,
9:49
going all in on Bitcoin. We're seeing stuff come out of
9:52
the federal government, of course, the working group
9:55
digital or digital asset working group report laying the
9:58
regulatory clarity to unleash Bitcoin and of course stable
10:02
coins here into the US. And then, of course, ending
10:06
Operation choke .2 point O, stopping the banking based on
10:09
just being affiliated with Bitcoin.
10:12
It's starting to build a really good case that Trump does
10:16
understand what's going on here and he does want to unleash
10:19
Bitcoin into America, which you know, us Nico Nico's more of a
10:25
single issue voter. I I'm still more of a hey, they
10:28
need to do a little more for me to even want to vote here, but I
10:32
like the direction we're going towards this.
10:35
This does make me feel like they are seriously taking Bitcoin as
10:40
a serious contender here. It is becoming that mainstream
10:43
fixture that we've all thought about.
10:45
And I know the chat a lot of times is like, this is not what
10:48
we want. We want the separation of money
10:50
and state. How is this a good thing?
10:52
If the US unleashes Bitcoin and we have a a safer place to use
10:57
Bitcoin, it's going to be incredible moving forward for
11:01
for everyone out there. So interesting stuff.
11:05
I know we came here to end the Fed, but I think the first step
11:08
might be getting bit corners into the Fed.
11:10
Everyone's been saying maybe sailors should take Jerome
11:13
Powells job. Of course Jerome Powell still is
11:15
going to be around for about another year unless he does
11:18
resign. I know there's a lot of push for
11:20
him to resign. Cut interest rates.
11:22
But now Trump does have a majority in the Fed governor
11:27
board. And if he is very serious about
11:30
all of this Bitcoin stuff, again, he's been projecting
11:33
this, He's been telegraphing his moves for a while now.
11:36
It seems like we we might be in a very favorable place in
11:42
regards to the Fed. Of course, we know they're going
11:44
to print more money, but if they lower the interest rates, free
11:47
money, liquidity injection into the economy, assets are going to
11:53
RIP. This is just how it's going to
11:54
work. So interesting stuff.
11:56
Maybe the first step to ending the Fed is getting a bitcoiner
11:59
in the Fed. I don't know.
12:00
So what's your thoughts on all this?
12:02
I know, I know you're not a Fed expert here, but just on the
12:06
basis, just on the surface of what does a Fed, a bitcoiner
12:11
joining the Fed mean to you? You know, I'm definitely not a
12:14
Fed expert, but I am a people expert as, you know, being a
12:18
woman. And I just love that Trump is
12:22
playing fire with fire. And he's not doing it in this
12:26
chaotic way. He's doing it completely without
12:29
confrontation by infiltrating the Fed, like you said, he's
12:32
doing it in a way where they can't really be like, wait, wait
12:36
a minute, But you can't do that. No, he's telling them, yes, I
12:40
can. I can totally put this person in
12:42
power and he's going to pump our bags.
12:45
Essentially. He's going to, if Jerome Powell
12:47
isn't going to bend the knee, then we're going to do it from
12:51
the inside out and we're going to have their own people do it
12:53
for us. And what the Fed doesn't realize
12:57
is that they're actually sitting on gold, you know, figuratively
13:01
speaking, they're sitting on this orange gold.
13:03
And they're better positioned than anybody in the world as an
13:07
institution and as a government to buy Bitcoin and to get ahead
13:12
while they can. You know, right now we're, we're
13:15
seeing like near all time highs 100 and sixty $16,000 Bitcoin,
13:20
but we're speculating up to $200,000 Bitcoin.
13:25
So there's such a a huge opportunity here for the Fed to
13:28
get ahead of China, of India, Saudi Arabia, all these
13:32
countries that are also positioning themselves to
13:34
purchase Bitcoin and say, hey, you know what, We're going to be
13:38
the first country to actually officially implement this in a
13:43
way that other countries will also lead the way.
13:46
Obviously, El Salvador was the first to do it.
13:48
And, you know, Naive Buchele is a genius for what he did.
13:51
And we've seen the proof of work and how this has worked in his
13:54
country. And I think that once people
13:58
start connecting the dots through somebody on the inside,
14:02
they're going to start to not only buy Bitcoin for themselves,
14:05
but push for the Fed to buy Bitcoin for the country.
14:10
Yeah, I mean that is through. The Treasury office.
14:13
It does seem like that is where things are going.
14:15
And again, remember what we just covered this week around the Fed
14:19
talking about revaluations of gold reserves?
14:22
We do have some more interesting news that we're gonna cover in a
14:25
bit about this. But it is looking like they are
14:30
fully embracing Bitcoin. I know for a while and and the
14:33
chat's kind of saying like Trump doesn't understand it.
14:35
It's the people that around him. It doesn't.
14:37
It doesn't matter. He doesn't have to understand
14:39
it. He at the end of the day, well,
14:40
I think he just wants to pump his own bags.
14:43
You know what I'm saying? So like I think he understands
14:46
like damn, I have this Trump coin.
14:47
How am I going to make it go up? Oh, let me just let me just like
14:51
look at the the history of how other shit coins go up.
14:55
Oh, it's when Bitcoin goes up. All right, so how do I make this
14:58
happen? And the dominoes start to fall.
15:01
And it's just, it's, it's kind of like following its logical
15:05
conclusion here. And we just have to be patient
15:08
and wait. This show is all about patience
15:11
and opium. We, we're actually teaching
15:15
people yoga on the side breathing during a bull market
15:19
that hasn't fully manifested itself yet.
15:22
But yeah, I, I'm, I'm waiting for the Fed to start printing
15:26
money and to get Bitcoiners fully infiltrated in because we,
15:31
we have no idea the potential of what their influence can
15:34
actually achieve. Yeah.
15:36
And I mean, look as much I'm actually sofa and I had this
15:40
conversation, I don't know, about a month ago.
15:41
And I keep kind of bringing this up on the show.
15:44
As much as we try to warn everyone out there that
15:49
inflation's coming, the debasement of your local
15:51
currency, the US dollar, like it's it's on the horizon, it
15:57
does make Bitcoin pump more liquidity is gonna make the
16:00
price go up. And I and I haven't really
16:02
looked at the M2 global liquidity chart recently, but I
16:05
think it's still kind of in lockstep, of course, like a
16:08
three month delay. But it does seem like this is
16:11
all kind of playing out to some coordinated plan here and
16:15
Bitcoin is like the real trump card here.
16:17
Maybe the real trump coin here is Bitcoin and stable coins.
16:21
And so it's very interesting to see this stuff play out,
16:23
especially when we've seen it telegraphed.
16:26
We've been speculating about if this is actually what's going
16:30
on. And then every other day and
16:32
every other week, we're seeing a new kind of data point on that
16:36
chart showing us like this is actually playing out exactly as
16:40
it's been foretold. And Bitcoin is the the the
16:44
freaking Trojan horse in this. Like Bitcoin is the Trojan horse
16:47
right now. I think whether Trump
16:49
understands it or not is beyond the point of the conversation.
16:53
The people around him are and remember, guys, personnel equals
16:56
policy. And as we've seen the people
16:59
around Trump, whether they're all good or not is probably up
17:03
for debate. But some of the key players,
17:05
they're starting to all really become aligned with this Bitcoin
17:09
thing. We all know lot Nick's in there.
17:11
You know, U.S. Treasury Secretary Scott Besson,
17:13
he's been pro Bitcoin. We have JD Vance as the VP, he
17:16
holds Bitcoin now. We have another Fed governor
17:21
that's on Trump's side that is a bitcoiner.
17:24
It's it's all kind of aligning that, yeah, maybe we don't
17:27
understand what their, you know, back end ideas are.
17:31
But the plumbing is being laid out right now.
17:34
And I do think that if we don't see, I don't know before the
17:38
midterm, something on the lines of U.S.
17:40
Treasuries being backed by Bitcoin here, it might be a
17:44
little too little too late. Like if they finally do that
17:47
final move of well, actually it's two moves.
17:50
The strategic Bitcoin reserve announcement, of course, may be
17:53
reevaluating their goals to do a quote budget neutral way of
17:57
stacking Bitcoin and something along the lines of Bitcoin bonds
18:01
here. Then it can be kind of just
18:04
thought of as all rhetoric, but it does seem like this is where
18:08
it's going. So as we've kind of been saying
18:10
on the show for a while, it started as a meme, you know,
18:13
simply Bitcoin. What was it your Bitcoin
18:15
tomorrow's Bitcoin news today. It does seem like we, we are
18:20
seeing the signal here and there's a lot of noise
18:22
throughout this conversation. There's, you know, people that
18:25
don't like what's Trump doing, They'll, they'll, they'll kind
18:27
of flood it as much as possible. But when it comes to the Bitcoin
18:30
stuff, if you follow the money here in regards to what they're
18:33
doing around Bitcoin, I think you can really start to see
18:37
where the trajectory of the US is going, where the traditional
18:40
financial world is going. And of course Bitcoin is going
18:43
to be at the heart of that. So I hope you guys are watching
18:47
this and feeling more bullish. I know the price is kind of
18:50
stagnant right now. Well.
18:51
These things take time, right? And I've said this time and time
18:55
again, I think that the catalyst to hyper bitcoinization is
18:59
essentially going to be a world of pain.
19:01
And what's going to happen when the Fed ends up printing all of
19:06
this money? They're actually going to make
19:09
people, regular people, especially people who don't have
19:12
Bitcoin, suffer. And then that might be the
19:16
catalyst that makes people realize, damn, like, why am I
19:19
holding dollars? Why am I saving in dollars?
19:23
Why do I have bonds when the US currency is actually worth
19:28
nothing? Why they can print it for free
19:30
while I have to work for it? So you know, that bit of pain,
19:36
we'll get people to actually do something about it.
19:40
And by doing something about it, I, I mean, buy Bitcoin and put
19:43
it in self custody. And you know, when when the Fed
19:46
starts doing it, all of these institutions start legitimizing
19:52
Bitcoin, they're going to feel safer and less like, you know,
19:57
they're taking a huge risk. And they're, they're also going
19:59
to be incentivized to actually learn about it.
20:01
Because don't forget, a lot of people don't get into Bitcoin
20:04
because there is this learning curve and there is this
20:06
uncomfortability that I now have to change my entire paradigm of
20:11
what I understood finances were and change it to this totally
20:16
different new world. And.
20:21
People are only going to get there when they start feeling
20:24
the pain of hyperinflation. Look at what happened in
20:27
countries like Venezuela when the Bolivar started to
20:31
hyperinflate, people started to automatically, it was like, it
20:34
wasn't even like a discussion, like everybody just started
20:37
doing it. They started saving in dollars.
20:39
And so I think, you know, there might be kind of like a stepping
20:44
stone here, like Nico has said, where people will, you know,
20:47
maybe save and Tether, but but they'll just realize that
20:50
that's, it's like that's a redundancy.
20:52
They might just go straight to Bitcoin and use Tether as like,
20:56
you know, the daily currency or whatever.
20:58
But Bitcoin ultimately is going to be the hardest store value in
21:01
where people will actually have their savings.
21:04
And they the the more the government legitimizes that, the
21:07
more these huge government institutions legitimize that,
21:11
the less scared people are going to be to take that next step.
21:15
Totally so sorry the the chat, the chat is there is.
21:20
The chat misbehaving. They are totally misbehaving and
21:23
I'm getting cooked in the chat today.
21:26
They they want 2 selfies. No Opti.
21:29
So hey, you know, that's why you got your own show.
21:31
And also shout out to everyone who watched Sophie show.
21:34
She's killed it. She's she's doing incredible
21:36
work and it more more of Sophie on the channel is coming guys.
21:40
So, you know, relax, it'd be nicer to me today.
21:43
It is Friday. I'm trying to I'm trying to put
21:45
a good show on. Anyways, guys, of course we got
21:48
some. We got a lot of a lot of good
21:50
news coming out here. Like I said, there is a very
21:55
real conversation going on about the US Gold Reserve Sailor went
21:59
on Bloomberg this morning and dropped, I would say, an awesome
22:03
clip. And then again, we're reeling
22:05
this back into this whole budget neutral way to stack Bitcoin.
22:09
We got some crazy news coming out of Jack Dorsey's block.
22:13
Doing some great work there. And then at the end, Sophie and
22:16
I were chatting about it this morning.
22:18
CNBC dropped an interesting article talking about cycles
22:23
here. So we'll have some conversations
22:27
about that later. And of course, guys, before we
22:30
move on, I do want to remind you guys smash the like button
22:32
comment on this show is the Bitcoin prophecy unfolding right
22:38
as we see are the Mar a Lago accords in full effect?
22:41
And of course, hit the subscriber button.
22:44
Guys, we we drop the most content.
22:46
We, we appreciate every single one of you guys.
22:49
And on that note, we do want to give a huge shout out to our
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boys over at Bitcoin. Well, go to
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today. All right guys, we're over here
25:45
on Clark Moody's dashboard. Of course, the current Bitcoin
25:47
price is 116,240, which means we are a -5.5% decline from all
25:56
time high. Starting to feel bully, Sophie,
25:58
I'm not going to lie. And the current block high is
26:00
909,209 O 9200 and the current market cap is $2.31 trillion.
26:07
Still a long way to run here in the terms of market cap.
26:12
Anyways, let's talk about this. So Sailor went on Bloomberg this
26:16
morning and I don't know if you guys heard maybe maybe let me
26:21
let me pull this up though real quick just to kind of give some
26:27
context here because it is going to be a big portion of the rest
26:32
of this segment. So Trump just added a 39% tariff
26:37
on gold bars and it's wreaking havoc on comics.
26:41
So US government's decision to impose tariffs on Swiss gold
26:44
imports could cause major, major disruptions in the gold market,
26:47
according according to our economist and gold advocate
26:51
Peter Schiff with a fear in a fear of a surge in premiums and
26:55
scramble to cover short position on the comics.
26:57
So interesting stuff again, connect all of this with
27:01
Bitcoin. You're seeing a new fed governor
27:04
that's a bitcoiner. You're seeing Bitcoin will now
27:08
be able to be added to four O 1 KS.
27:10
We got good regulations coming out around Bitcoin and we're
27:15
starting to see the US Treasury come out here Scott Besson and
27:18
say, hey, we are going all in on Bitcoin.
27:21
We've seen the stablecoin regulations come out and now
27:25
they're tariffs on gold bar imports.
27:30
It's starting to look like they are actively strangling gold.
27:36
And it depends how you look at this, because we know central
27:38
banks have been hoarding gold right now.
27:41
Or they're trying to pump the price of.
27:43
Gold well that's what happened that's yes that's the next
27:47
portion that's where I'm going here they're.
27:49
Trying to do everything to reevaluate gold, remember?
27:53
Yes, so. To potentially sell gold for
27:57
Bitcoin. They're coming.
27:58
Up with quote UN quote creative ways to what's it called?
28:03
Net neutral. Or whatever budget neutral.
28:06
Buy Bitcoin or whatever, whatever.
28:09
That's all jargon for. They're trying to stack some
28:11
stats. Yeah, and gold's at all time
28:12
high. OK, with that in mind, let's
28:14
hear sailors take on this and then we're going to come back to
28:18
this conversation. On some of the other big news
28:22
from today, a lot has certainly happened on this Friday, but one
28:24
of those is what's going on in the gold market right now.
28:28
You have the Trump administration ruling that gold
28:30
bars will be subject to tariffs as well, these reciprocal
28:34
tariffs. So imports of gold will be
28:36
tariffed and that's really sending shock waves through the
28:39
gold ecosystem. Gold and Bitcoin are often
28:42
compared to 1 enough of their Bitcoin called digital gold, for
28:46
example. I wonder if you think this has
28:48
any ripple effects, positive or negative for Bitcoin?
28:52
It it does, Bitcoin is digital gold.
28:55
It's going to accelerate the migration of capital from
28:58
physical gold to digital gold. You know, Bitcoin lives in
29:02
cyberspace. No tariffs in cyberspace.
29:05
The big appeal of Bitcoin is it's not physical.
29:08
It doesn't have weight. You can settle anywhere with
29:12
anybody in a few minutes. And so gold has always been too
29:16
heavy, too slow, you know, and you can't really ship it across
29:20
an ocean. And if you do, now you're
29:22
getting tariffs. So I really think it just
29:24
reminds everybody why the digital version of gold is
29:28
better than the than actual physical gold.
29:31
And, and I think it's going to catalyze a new wave of
29:34
institutional adoption of Bitcoin.
29:36
All right. Crypto is stateless.
29:38
It's hard to tariff, Michael. Have to leave it there.
29:40
Really enjoyed speaking with you though.
29:43
Gotta love it. Can't tariff Bitcoin.
29:45
Nope. It's it guys.
29:47
It's all a going according to plan.
29:50
It's all going according to plan.
29:52
It's almost. Like they watch the show?
29:54
Do you think Trump watches our show?
29:56
I doubt it. I doubt it.
29:57
He's got some good bit corners around here.
29:58
Maybe Baron does shout out. Baron shouts out to the next.
30:02
Go Baron. Look, this is what Sophie was
30:06
saying before. The clip is exactly what a lot
30:08
of us bit corners are seeing again.
30:10
Remember, a Fed Reserve note came out this week saying, hey,
30:15
we should revalue the gold here and we will, you know, use that
30:21
as a budget neutral way to acquire Bitcoin.
30:25
Now, Doctor Jack Cruz. I absolutely love Doctor Jack
30:28
Cruz. I was playing his interview this
30:30
morning. So he's like, who is that?
30:31
I'm like, it's Jack Cruz. Come on, He's saying this exact
30:34
same thing. So the Trump administration just
30:37
told us they were looking to acquire Bitcoin with a quote,
30:40
budget neutral strategy. Well, they may have just found
30:43
one engineer short squeeze on gold, revalue the gold holdings
30:47
at peak and buy Bitcoin. 70% of the world's gold is refined in
30:51
Switzerland. So what happens when you slap
30:53
Swiss exports with 39% tariffs, including the gold bars that New
30:57
York based COMEX accepts for deliveries?
30:59
Suddenly, the gold shoulders in the United States have a much
31:02
harder time sourcing gold to cover their positions, which
31:05
means they need to buy existing spotter futures, driving the
31:08
price higher. And an aggressive short squeeze
31:10
could force gold towards $6000 an ounce, which would allow the
31:14
US to revalue its holdings to 1.5 trillion, which would then
31:19
be deposited into the US Treasury's account.
31:21
And then what could they buy with 1.5 trillion?
31:24
A ton of Bitcoin for the Treasury?
31:27
Why has Donald Trump put the strange 39% tariffs on
31:31
Switzerland, nearly the highest in the world, if not a coming
31:35
tactic to force a gold short squeeze so they can revalue
31:38
their holdings and acquire A dominant Bitcoin position?
31:41
Savages should be asking this question right now.
31:45
That is the exact question we're asking.
31:47
We were speculating earlier this week like why would we get this
31:50
strange note coming out of the Federal Reserve about
31:54
potentially reevaluating our gold reserves?
31:57
We've been hearing Bo Hines talk about budget neutral ways to
32:00
acquire Bitcoin. We now have a the new Fed
32:03
governor. He is a bitcoiner.
32:06
We have Scott Besson U.S. Treasury saying, hey, you know,
32:10
we're going to go all in on Bitcoin.
32:13
I don't know, guys, maybe maybe I'm Charlie Day here and I'm
32:16
just connecting too many dots here.
32:18
Maybe I'm too far down the rabbit hole.
32:20
But again, it seems like they are 100% telegraphing and
32:24
projecting what they're going to do.
32:26
It seems like a it seems like it's almost already written in
32:29
stone and Sophie, who isn't the the huge macro nerd that I have
32:34
become is it's already can already see where the end game
32:37
is going. I think this is the end game
32:39
Sophie. I just, I mean, I just don't see
32:41
it going any other way. Also, I have a question, are
32:43
these tariffs like for the import or the export of gold,
32:47
like is it gold coming into the US that's getting it?
32:51
It should be coming out right. No, we want the gold to come in
32:54
here. Right, that's what I'm saying.
32:55
So, so the the tariffs are if you sell it out, right?
32:58
Trump's tariffs on 100 oz and 1K gold bars could wreak have it on
33:04
the Comex price would soar so they'd to avoid having to pay
33:09
39% tariff to import bars from Switzerland if longs takes
33:13
delivery so it's import from Switzerland.
33:16
Specifically interesting. Interesting.
33:19
It's all really going, I think to this we're seeing the gold
33:25
price here. Where where is my charts here?
33:29
Sorry guys, I'm trying to pull up my charts and.
33:30
We're pulling up charts. We've become a nerd shop.
33:32
I'm pulling up my my Chart Boy charts.
33:34
No, this is just CF DS on gold. Let me let me zoom out a little
33:39
bit here for you guys. As you can see, gold is on a
33:43
tear right now. And if this is the play that
33:47
they're saying they want to do, oh wait, I didn't pull it up.
33:50
Sorry guys. If this is the play get, you
33:54
know, pump gold to all time highs, revalue our holdings so
34:00
they can find a budget neutral way to stack Bitcoin.
34:03
I don't know. It looks pretty genius.
34:05
It looks like they're doing exactly this pit playbook.
34:08
Now you guys could say we're speculating.
34:10
We're conspiracy theorists here, but I don't know when you see
34:14
them talk the way they're talking and even sailor go out
34:17
there and basically say, hey, you can't tariff Bitcoin.
34:20
You probably want to get all of your capital into Bitcoin right
34:24
now. Bitcoin is digital gold.
34:26
It's better than gold. We're seeing the conversations
34:28
on Wall Street, everyone is is most likely talking about gold.
34:33
We're seeing what Sailor's doing with all the micro strategy
34:36
products. We have really become the
34:39
darling of the ball here Sophie and.
34:40
The fact that there's just like no struggle to move your
34:43
Bitcoin, really like when you think about it, not logistically
34:46
anyway. Like you don't have to get it on
34:48
a boat or on a plane. You don't have to get, you know,
34:51
a bunch of people to help you carry it or hide it or you know
34:55
it. It's just 12 or 24 words in your
34:58
mind and you can have access to your wealth anywhere you want.
35:02
So, you know, again, as soon as people start understanding that
35:06
concept, it almost seems too good to be true, right?
35:10
But as soon as people start getting that, it's is when like
35:14
things start clocking for people, yeah, start to to
35:18
actually want to buy it. Yeah, 100%.
35:20
And I like this comment here by Ken.
35:21
He goes, make no mistakes. There are individuals that
35:24
understand the Fiat system is burning on its last embers.
35:27
They are creating the new system.
35:29
Guys, this is exactly what I'm seeing right now.
35:32
And what happens if they find more gold?
35:34
They're constantly printing. More money.
35:40
And this is a this is a signal here again shouts out the dark.
35:43
Maybe in gaming, the government institutions are stacking up.
35:46
Don't be left behind. This is the key signal here,
35:48
guys. Whatever you believe about
35:50
Bitcoin, whether you believe it's going to be the next World
35:53
reserve currency or you just believe, hey, number's gonna go
35:57
up right now, everything I'm seeing is showing this exact
36:02
thing that the new system is being built as we speak.
36:06
We know they've been talking about an economic reset for
36:09
years. Remember Claude Schwab and his
36:11
evil, you know, villain costumes at the World Economic Forum
36:14
going out there like a World Economic reset is on the
36:18
horizon. I don't know if I'd go so far as
36:21
to say it would. It's a plan demolition here.
36:25
But it does seem like there is a concerted effort to pivot away
36:30
from the system we are. And these governments, these
36:33
institutions, Wall Street insiders, Larry Finks of the
36:36
world, they are stacking up on Bitcoin.
36:38
And we even saw, you know, Jamie Dimon come out here very
36:41
recently and say the exact same thing.
36:43
Hey, I don't like Bitcoin, but if you want to buy it, you can
36:46
continue to buy it. I think the foundation is being
36:50
laid for a whole new economic system to be built.
36:54
And of course part of that is stablecoins.
36:57
But the real Trojan horse here, I believe is Bitcoin and
37:00
everything on the walls being written it it's the Mona Lago
37:05
chords is playing out in real time.
37:06
It it is happening right now as we speak publicly.
37:10
They may say one thing privately and the, from what I see hit
37:14
the, the kind of mainstream consciousness, the public, the
37:17
actions that they're doing is telling me one thing.
37:20
They want to decrease the purchasing power of the dollar.
37:24
They want to lower interest rates.
37:26
They want to stack Bitcoin. And as BRICS nations on other
37:31
central banks are, are hoarding gold and trying to buy more and
37:34
more gold, we may be leaving them the gold bag.
37:37
We may, we may be pumping it. We're going to revalue the gold,
37:40
go all in on Bitcoin and they get left holding a shiny pet
37:45
rock. And I'm, I'm OK with this.
37:47
I, I guess, as someone said in here, are we the insiders?
37:50
I think we are the insiders now. Oh God, Somehow we became the
37:54
insiders here on Simply Bitcoin and you guys watching.
37:58
It's absolutely insane what we're seeing, guys.
38:01
It's still so early. It's like, it's actually
38:04
incredible. Yeah, it really is.
38:06
I again, I was watching Jack Cruz this morning and he was
38:08
saying something on the lines of like buying Bitcoin today at
38:11
what? What is it, 116?
38:13
He's like, that's the same, same as me buying it at $200.
38:17
And at first I'm like, I don't know about that.
38:20
But I think where we're going, I think he's, I think he's.
38:24
Right. I think in 10 years we're
38:25
definitely going to be feeling that way.
38:27
I think he's right. Yeah, totally, 100%.
38:30
All right, guys, I do want to move on.
38:33
Let's talk about what Jack Dorsey's doing.
38:35
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All right, guys, let's talk about Jack Dorsey.
41:21
So we got this tweet here yesterday.
41:25
Jack on Twitter, he just goes next week with a little mining
41:29
axe and he is quote tweeting his company Proto Mining, which is
41:34
right here. You know, their little blurb.
41:36
Proto's mission is to decentralize Bitcoin mining and
41:39
increase access to tools for builders regardless of their
41:42
size or location. And they have meet Proto, so
41:45
8/14/25. And so if you don't know what
41:48
this proto company is, what Jack Dorsey's basically other
41:52
companies doing is he's on the mission to make ASIC chips in
41:58
the USA. So if this is coming out next
42:02
week, then it looks like we have ASIC manufacturing already live
42:07
in the US And of course, he said TuneIn next week on the mission
42:10
to decentralize Bitcoin mining, which is of course, one of the
42:14
big things that we've been kind of seeing play out recently is
42:19
this whole idea of is there a centralization concern in
42:24
Bitcoin mining? And one of the main kind of
42:27
choke points was the manufacturing of chips.
42:29
They're usually all coming out of China.
42:32
And now it looks like Jack Dorsey has been pushing for this
42:34
and and been building this on the back end.
42:37
So it looks like next week we will see you know, the the
42:41
launch of proto, which is our American made Bitcoin mining
42:45
chips, which is going to be huge for the mining and, you know,
42:48
decentralization of Bitcoin. It's going to this is a huge, I
42:53
think a huge move here and here you can just you know, here's
42:55
the website proto dot XYZ building the future of Bitcoin
42:58
mining in America. But this isn't the only thing
43:01
that is very interesting coming out of Jack Dorsey.
43:03
We have this come out yesterday, Block, the mother company of
43:07
course that Jack Dorsey has Square Cash App, a lot of the
43:12
Bitcoin kind of facing companies like Bitkey etcetera.
43:19
Block surge 10% pre market as Jack Dorsey's firm extends
43:22
cellularization trend. Jack Dorsey's block added 108
43:26
Bitcoin in Q2, pushing total holdings over $1 billion and
43:30
triggering a near 10% stock surge pre market.
43:33
Block joined micro strategy and others in accelerating the
43:36
sellerization trend AKA corporate Bitcoin buying as a
43:40
treasury reserve strategy. And then of course, strong Q2
43:43
earnings, Bitcoin revenue and bullish investor sentiment help
43:46
Block beat forecast and raise full year profit outlook.
43:50
Now, the reason I'm bringing this up is not just 'cause
43:53
they're buying Bitcoin. There is of course the other
43:56
interesting news that we covered last week, which is the Block
44:02
will be rolling out Bitcoin payments on Square to I, I, I
44:05
forget how many merchants they have, but it's like 60 million
44:09
or something like 6,000,000. I forget, don't quote me on
44:11
that, but this is also a new story that we heard come out
44:16
yesterday. Block pushes past payments into
44:18
Bitcoin. So block aims to be an end to
44:20
end financial hub for both consumers and merchants,
44:23
integrating peer-to-peer payments, commerce tools,
44:26
banking services and Bitcoin capabilities across cash app and
44:29
Square. The company reported double
44:32
digit profit growth raised it's forecast and saw significant
44:35
volume gains. And here is like an interesting
44:37
quote here in CEO Jack Dorsey's words, the company is quote back
44:42
on offense. So this is a lot of things going
44:45
on right now, block focusing on Coors, Bitcoin banking and it's
44:50
all kind of aligning a lot of the stuff Jack Dorsey's doing
44:53
maybe for a little while it seemed like why is he kind of
44:55
doing all of this different stuff in different avenues.
44:59
It seems like it's all coming together here.
45:01
And of course, the the block being a quote, I would say with
45:08
a lack of better description of Bitcoin bank, you're starting to
45:11
see that the foundations are being built and put in real
45:15
time. But another interesting news
45:16
coming out of El Salvador, Bitcoin banks are coming to El
45:19
Salvador as well. So as much as we're seeing Wall
45:22
Street embrace Bitcoin, as we're almost seeing Sailor become a, a
45:27
central bank here, we are seeing some active on the ground
45:30
movements to make real Bitcoin banks, decentralized Bitcoin
45:34
mining. So kudos to Jack Dorsey.
45:36
Everything he's doing, he's doing incredible work.
45:39
Here I'm surprised that he's it's kind of like the first
45:42
person to get on this or notable at least.
45:44
I'm sure that there's probably some other entrepreneurs out
45:47
there that are getting on this. But in two I, I was recalling in
45:51
the back of my mind the archives of news headlines in 2000 and
45:57
2022. Wasn't there like a chips act or
46:00
something that was passed? Yeah, they, I don't know if it
46:03
passed, but there, there was some deliberation around that.
46:07
Right. And I mean, I mean, isn't there
46:09
a chance for the US to kind of subsidized some of these chips
46:13
and semiconductors? So, I mean, if Trump, one of the
46:16
things that he ran on when he came to the Bitcoin conference
46:20
in Nashville was that he wanted to make the US the pioneer of
46:24
Bitcoin mining. So definitely can't be the
46:28
pioneer if we're getting all of our chips from China.
46:31
And while I know that this is initiative that the the Biden
46:35
administration came up with, I think that, you know, he should
46:39
definitely, if it hasn't been completed, he should definitely
46:43
make it happen. Because if we can throw some of
46:46
our funding behind manufacturing chips, like, you know, how Apple
46:50
is investing $600 billion in manufacturing iPhones in the US,
46:56
I think that that will be a super worthy endeavor for us to,
47:00
you know, continue being the lead here right in, in Bitcoin
47:03
mining. Well, it is all aligning Sophie
47:07
with the idea of making America the Bitcoin superpower.
47:10
It's not just coming from the federal government, of course.
47:13
It comes from entrepreneurs like Jack Dorsey himself and everyone
47:17
else that's a part of this industry.
47:19
So hey man, I don't know, you know, I was last year self, I
47:24
know you were part of the conversations.
47:26
We were feeling very bearish on the US and talking about moving
47:33
well last year. I still think there we could
47:36
still have that combo, but I'm feeling kind of bullish.
47:38
Last year, there was a lot hanging on the balance, right?
47:42
Or yeah, on the ballot sheet, literally and figuratively.
47:47
I mean, we we could have ended up with an administration that
47:52
would continue choke .2 point O and would keep putting obstacles
47:57
behind the, you know, purchasing and holding of of Bitcoin.
48:03
So, you know, it's, it's going all our way now.
48:07
Like this is, if you would have told me that this was happening
48:10
a year ago, I would have never believed you because it almost
48:12
sounds too good to be true. And I know that the price
48:15
doesn't reflect it. But like a lot of these things,
48:18
let's be real, aren't fully priced in.
48:20
You know, they're, they're all positioning us in the right way,
48:24
but they haven't been fully executed.
48:27
And, you know, I think that once it gets to September and we have
48:32
to like actually start printing money or like, you know, bust I,
48:37
we're going to, we're going to see the fruits of our labor
48:40
reflected in the price. You know, Jay Powell if you're
48:46
listening. Jay Powell, if you're listening.
48:48
Just listen to Janet bro. Jay Powell, if you can hear me.
48:51
It's the first and only time I'm going to tell you this.
48:53
If you can hear me right now, we want three rate cuts starting in
48:56
September. Pump, pump our bags please, Sir,
49:01
this would be a good thing. I'm OK with this though.
49:04
Maybe not for everyone, but it would definitely be a good thing
49:07
for. Us OK, it's a little, it's a
49:08
little hard medicine for everyone to take.
49:12
Yeah, yeah, yeah. People need to feel the pain.
49:16
It is what it is. Anyways, let's let's let's chat
49:18
about what corporate media is saying about Bitcoin and its
49:21
cycles. It's pretty interesting.
49:25
I want to give a shout out to our partner Hive Digital
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freedom. All right, before we get into
51:27
this article, Sophie, I I didn't realize everyone in the chat is
51:32
such a huge fan of Jay Powell cutting rates.
51:34
I think we we're all Jerome Powell magazine.
51:37
Please cut rates, Sir. We will.
51:38
We will, I promise you. We'll stop talking shit about
51:42
you if. No, we won't.
51:44
We totally won't. Well, we will.
51:46
Moment to actually, I, I, I might.
51:49
Yeah, I might. If he makes those rate cuts,
51:52
I'll be like, you know what, Jay Powell, I get that.
51:56
You're the head of like probably the most evil institution in the
51:59
world, not the most evil, but like, you know, the the one that
52:03
started it all. And but since you did those rate
52:07
cuts, you did me a solid. I'm just going to shut my mouth.
52:09
You know, I'm like, I'm happy that you did what you did.
52:13
As Randall says here, just print us into oblivion already, you
52:16
know, Stop edging us here. Like stop hiding behind this
52:20
facade of like, no, we're the Fed.
52:22
We're going to regulate the the economy because that is our job.
52:27
Yeah, OK. Get out of here.
52:28
Like we know that you're going to print anyways.
52:31
Just turn on the money printer. Just turn it on.
52:34
Come on. OK, All right.
52:35
Anyways, I just wanted to point out the the chat really loves
52:39
Jay Powell printing. This is funny.
52:40
We're all Fed watchers now. We're Fed watchers.
52:42
Anyways, check out this headline, guys.
52:47
I find it hilarious. And also, I'm going to probably
52:50
have to re evaluate my stance moving forward here, but let me
52:54
just read the article and then we'll chat about it.
52:56
So we have CNBC this morning tweeting a major historical
53:01
Bitcoin cycle that dictates its price might be breaking.
53:04
Bitcoin is typically traded in a four year price cycle centered
53:07
around an event called the halving.
53:09
But more recently, that cycle, which has often had a
53:12
predictable pattern, has shown signs of breaking or even
53:16
disappearing altogether. A number of factors, including
53:19
Bitcoin ETFs, the shifting nature of investors, and
53:22
supportive regulation, have created changes to the cycle.
53:25
Now I don't have to read this whole thing because you guys
53:29
know what this is, but. Because we invented the
53:31
scenario. Seriously.
53:34
But we have a good quote here from Matt Hogan, a bitwise he
53:37
goes quote. It's now it's not officially
53:39
over until we see positive returns in 2026, but I think we
53:43
will. So let's say this, I think the
53:46
four year cycle is over. It goes into the four year
53:49
cycle, but you know, it's talking about the fact I've I've
53:53
been saying this. I don't I don't have to kind of
53:55
revamp this article, but I think that's.
53:57
Nice to be validated by the the big hot head honchos at CNBC.
54:04
Also, maybe if they're saying it, it's like totally off mark
54:08
because they never know what they're talking about anyway.
54:10
But it's still, you know, it's, it feels like when Black
54:17
BlackRock started buying Bitcoin, I'm like, damn, like, I
54:19
hate you, but also like, thank you for finally doing the thing
54:24
that we've all been saying that you should do.
54:28
Yeah. All right, guys, I'm going to
54:30
have to officially retract my statements of the four year
54:35
cycle being dead. You guys have heard kind of me
54:38
make that case recently on the show that it does seem that ever
54:42
since the Bitcoin ETFs were launched at the Bitcoin market,
54:45
structure has changed. And I did do an awesome
54:48
interview with James Check, AKA Checkmatey on Twitter.
54:53
And he also kind of agrees that like not that this time is
54:56
different in the sense of like this is a different cycle, but
54:59
he would always say like this time is different because every
55:02
time is different. There's, you know, what's the
55:03
saying? You can't step into the same
55:05
river twice. And it does look if you look at
55:09
the chart ever since the ETF was launched, it does look like we
55:12
are entering this new cycle or new market structure where it's
55:16
like a stepwise function. Wait, which way?
55:18
I always mess this up because it's backwards.
55:21
It's wait, no, it's, it's yeah, it, it goes up and then it goes
55:26
sideways and it goes up and it goes sideways.
55:29
Yeah. That's, that's the structure we
55:31
are seeing right now. And actually, look, I don't want
55:33
to get too chart boy here. I already got chart boy on you
55:35
guys, but we're we're going to get a little chart boy.
55:39
I have I have a little bit of a new refreshed hot take
55:45
perspective. What if this meet?
55:49
You know how like they say that over time the halving is going
55:52
to become like instead of four years, three years?
55:55
No, I haven't heard that. Who said that?
55:57
Or I don't know, like I've heard that before where like the the
56:00
timing of the halving like gets shorter over longer periods of
56:04
time and it gets closer to three years.
56:07
I don't think so. That's only if, that's only if
56:08
the hash rate increases, but it it all should, it's always the
56:12
same 210,000 blocks. So it's roughly every four
56:16
years. All right, guys.
56:17
Never mind, this is this is say what if the cycles are just
56:20
getting longer instead of four? Years well that I have I have
56:23
been saying that, that it does seem like the cycles are getting
56:27
elongated, but there is I mean, maybe what you were thinking of
56:31
is as these halvings occur and the Bitcoin that is released
56:37
into the network kind of get diminished in the amount of
56:40
coins that are distributed into the network.
56:44
They probably won't have an effect on the price like they
56:47
used to, which could potentially lead us to these elongated
56:51
cycles here. But we have a, you know, I've
56:54
been, I've been saying this for a minute.
56:56
If you look at the Bitcoin price here, this is the monthly at
56:59
Bitstamp. We have boom, bust, boom, bust,
57:02
boom, kind of boom, bust. And then now we're just kind of
57:07
going step up, step up, step up. Maybe we're going to see another
57:11
step up. And I've been saying this looks
57:13
like the S&P 500 and now I'm going to have to change that
57:17
view because if CNBC is saying this, then it's not what's going
57:21
to happen. But you can see a similar
57:23
structure just keeps going up into the right booms, busts,
57:26
it's kind of in the stepwise function.
57:29
So I'm going to have to officially retract my views
57:32
here, guys. I think the four year cycle is
57:35
in effect. We are going to get a bear
57:37
market in 2026, I think that. It might be elongated.
57:41
Check it out. I don't think that it's the
57:44
cycles are dead. I just, I just think that they
57:47
are breaking the mold of what we usually have seen, you know?
57:52
Yeah, yeah. No, I, I think that is a signal
57:55
here. I think that's what we're all
57:57
kind of seeing. I think it's going to be like,
57:59
instead of having these like up into like steep God candles that
58:05
we've seen before, like that's probably not going to happen.
58:08
Anymore. Wait, keep, keep going to it.
58:10
Where's my, where's my soundboard one?
58:13
Where's the good one? Where's the one I'm looking?
58:15
Oh, here we go, guys. No more.
58:22
No more. No more.
58:24
No more bull markets. No more fun bull markets, No.
58:26
More fun bull markets where we were totally right, which is so
58:29
weird because like when all of the news is in our favor, this
58:35
is when we should be getting God candles.
58:37
But it's almost making it so that it's like evening the
58:40
playing field out. And but the good news is you
58:44
might just see a longer bull, a bull run.
58:47
And at the end of the day, like you got to see the pros in that.
58:51
That is going to stabilize Bitcoin and it's going to make
58:55
it so that people actually adopt it at a faster rate.
58:59
And and if people stop seeing it as like this volatile thing
59:02
because they don't understand cycles, they don't understand
59:05
patterns, whatever. Like it's not really like our
59:07
fault that you don't understand patterns.
59:10
Like you can learn that in kindergarten.
59:12
But now they're like, oh, it hasn't gone up too much.
59:15
It hasn't got maybe I should buy some Bitcoin.
59:17
Maybe I should like whatever. This is good for the normies, is
59:20
what I'm. Trying to tell you no, it's.
59:22
Good for the normies and not the more normies.
59:25
Buy Bitcoin, the better it is for all of us who got in early
59:29
so. Yeah.
59:30
Now that that is the case that Chech maybe was saying is like,
59:34
yes, maybe we're not going to see, you know, 100X rallies in a
59:39
parabolic blow off top, but that also means we're not going to
59:42
see 80% drawdowns. And if you're looking at the
59:44
price structure right now, it does seem like we are, you know,
59:49
quote, UN quote, seeing less volatility, maybe to the upside,
59:53
but also to the downside. And if we do go into stepwise
59:55
function, we are going to be bored to death to $1,000,000.
59:59
So, you know, it's kind of a it's I'll, I'll take the good
1:00:01
with the bad here. But no seriously though, I, I
1:00:06
do, I, I actually do kind of agree with this article, though
1:00:09
I don't really want to now. Now I feel like this is an
1:00:12
inverse Kramer kind of scenario where I'm going to have to
1:00:14
readjust how I view this here. So I'll come back on Monday and
1:00:19
we'll talk about. It.
1:00:19
That's usually how it goes. Inverse Kramer, inverse
1:00:23
institution, whatever they say, the opposite will happen.
1:00:26
It's kind of like a Murphy's Law sort of situation.
1:00:30
I, you know, nobody has a crystal ball.
1:00:33
But if the institution, especially the mainstream media,
1:00:36
is reporting on something that maybe we don't know, maybe there
1:00:40
is a big move that is happening or something, I don't know, I'm
1:00:44
not reporting. All I can do is speculate.
1:00:46
This is all entertainment. Let us know what you.
1:00:49
Think this is not financial? Yeah, this is not financial
1:00:52
advice. Let us know what you think in
1:00:54
the in the chat and also smash the like button.
1:00:57
Shout out to all. 2100 and four of you guys watching.
1:01:02
Oh my bad I. You're looking at the YouTube.
1:01:05
My numbers are not refreshed. My bad.
1:01:07
Yeah. Thank you guys so much for
1:01:09
watching on Rumble, YouTube, Twitter.
1:01:13
Thanks for all the support. Like I said, if you're liking
1:01:15
the show, smash the like button. Follow our Twitter.
1:01:19
Yes, very. Rumble, YouTube, all that stuff.
1:01:22
There is a good comment here and I think this is kind of the take
1:01:25
away. I think this is what we're all
1:01:26
looking at right now, whether you like it or not, whether you,
1:01:31
we aren't really happy that Wall Street is here, etcetera,
1:01:33
etcetera. Like the institutions have
1:01:35
fundamentally changed the game now.
1:01:37
And I, I don't really want to be that this time is different
1:01:39
because I'm probably come back in what, 6 months and be like,
1:01:43
OK, I was wrong, guys. You know, I, I got caught up in
1:01:45
the hype. But we are seeing that the
1:01:48
institutions have changed the game.
1:01:50
And especially when you kind of consider everything we're seeing
1:01:52
from the Trump administration, things have fundamentally
1:01:55
changed right now. Now, will the Mona Lago Accords
1:01:58
kind of play out as we're seeing?
1:02:01
Obviously, we have no crystal ball.
1:02:02
We have no idea what's going on really, but from what we are
1:02:06
seeing, it does seem like things are fundamentally changing right
1:02:10
now with the institutions here with a different a different
1:02:13
type of investor in the market. We are starting to see some
1:02:16
wonky things play out. So maybe you know, maybe CNBC
1:02:21
guys are actually watching this show.
1:02:22
So if maybe they are hanging out with us on Bitcoin Twitter, no
1:02:26
let, let's. Be real.
1:02:27
This is an intern who's watching and being like, let's type this
1:02:31
into a very professionally worded article.
1:02:34
We love you guys. We love the interns at all of
1:02:37
the legacy media. Keep watching us, keep doing
1:02:39
what you do, and more importantly, keep pumping our
1:02:42
bags. Let those boomers know that it's
1:02:44
safe to buy Bitcoin because if they hear it from us, they're
1:02:47
going to think we're crazy. But if they hear it from you,
1:02:50
you know the people in suits, we don't know how high Bitcoin
1:02:55
could go. Maybe Niko was right.
1:02:58
Maybe we just gotta wear a suit every single day.
1:03:01
I'll. Take a serious I've been buying
1:03:03
for the suits even just like ironically.
1:03:06
I think that would be so hilarious.
1:03:08
Like I think you guys should do that.
1:03:10
Didn't you do that on April Fools once?
1:03:13
No, I didn't. I dude, I didn't own a suit
1:03:15
until like 2 months ago. I was wearing a coat, OK.
1:03:18
It was a it's a nice coat. The wool coat is cold.
1:03:20
It's cold in Dallas, you know, like I I.
1:03:22
Think you guys should do suits until 200K?
1:03:26
Two. No.
1:03:27
How about? Fine 150.
1:03:29
How about no suits ever? Boring all.
1:03:35
Right, guys? Well, yeah, legacy media in the
1:03:38
chat now. Legacy media is hanging out in
1:03:41
simply Bitcoin chat. They're stealing their notes
1:03:43
from us and then they get a bigger audience.
1:03:46
We we should ask for royalties here.
1:03:48
And CNBC, if you guys are watching this, share the show
1:03:51
with your friends and loved ones.
1:03:53
It definitely helps us, which you know then helps you guys.
1:03:57
So you know the it's a win, win. Share the show.
1:04:00
It's a win win. Opti hates the suit.
1:04:02
It's true dude. No, I actually do like it.
1:04:05
Feels good. When you wear a suit like you,
1:04:07
you feel, you feel. Only on Sundays.
1:04:08
You feel only if you know, you know you feel good when you wear
1:04:12
a suit. I just don't want to wear a suit
1:04:14
every single day at work. I like, I like what we used to
1:04:16
do where literally we'd be in our boxers and AT shirt like
1:04:20
come on, guys, can we not change?
1:04:22
COVID days where Zoom chats were, you know just from here of
1:04:26
JK we still do that. Sorry, we have a we have a
1:04:30
friend here, a little dog. Anyways, guys, let's wrap up
1:04:32
today's show. So as you can see, of course,
1:04:35
the wonderful the the new star of simply Bitcoin, Sophie is Co
1:04:39
hosting with me. Nico was too tired on his
1:04:43
travels to Riga to come on the show, but he will be back next
1:04:47
week. We'll be back to kind of our
1:04:48
normal schedule. Sophie is gonna keep dropping
1:04:51
shows for you guys. I think.
1:04:53
We haven't fully figured out her new rebrand here, but just know
1:04:57
she's gonna be dropping a show I think.
1:05:00
Is it once a week? Once a week.
1:05:02
I think next week I'm actually gonna be covering for Dante.
1:05:06
Oh, big shoes to fill. Literally.
1:05:08
Very big shoes. Literally.
1:05:12
But yeah, I'm excited to be on the channel and talk more about
1:05:17
the things that we love, and I'm also going to be in be having my
1:05:21
own show. Like Opti said, we're figuring
1:05:24
out the branding and all of those details.
1:05:28
So yeah, be be prepared to see more of me soon.
1:05:33
Yeah Sophie's killing it guys and go watch her latest video
1:05:35
it's absolutely ripping right now She did an incredible job
1:05:39
Shouts out to the whole team behind selfie that makes it
1:05:41
happen shouts out to everyone that's simply Bitcoin, but
1:05:43
really shouts out to every single one of you guys We
1:05:46
wouldn't be here without you guys.
1:05:48
We love you guys we love the support.
1:05:50
I even love you guys trolling me every single day It it truly
1:05:53
makes my day. It actually doesn't means you
1:05:56
care yeah you guys spike my cortisol and I you know I I deal
1:06:00
with it, but I love you guys we appreciate you guys again it is
1:06:04
Friday, So what do I always say so get outside touch some grass
1:06:08
eat some good food call your loved ones stack some Bitcoin
1:06:12
and. If you want to go out, download
1:06:16
the Orange Pill app so that you can make friends who also stack
1:06:20
sats. Like they say, stack friends who
1:06:22
stack sats. Download the Orange Pill app
1:06:25
today. Wow, Black mirrors episode in
1:06:28
real time. Crazy.
1:06:29
Such a professional. Crazy you guys know which black
1:06:32
mirrors episode I'm talking about too all right guys on that
1:06:34
note peace out. We will see you on Monday.
1:06:37
Well we'll see you on Monday here on the live show, but make
1:06:40
sure you check out the content dropping on the weekend.
1:06:42
We got oceans and I believe it's Daunt Dante this week it.
1:06:47
Might be me. I think it's Rustin, Rustin and
1:06:50
Oceans this week, this weekend, and we'll be back on Monday.
1:06:53
Peace out guys, we love you. Today's episode was brought to
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you by bitcoinwell.com, a Bitcoin only platform on a
1:07:01
mission to enable financial independence.