Latest / Simply Bitcoin / Did The Bitcoin Price RESET Confirm It's About To EXPLODE?! | EP 1342

Transcript

Did The Bitcoin Price RESET Confirm It's About To EXPLODE?! | EP 1342 · Simply Bitcoin

• 0:00
  What if bitcoins recent dip to 108 K was exactly what Bitcoin
• 0:04
  needed to start its neg next leg higher?
• 0:07
  Well, we're not alone in thinking this.
• 0:09
  We've been saying this for the last couple of weeks.
• 0:11
  Just prepare for Q4. I mean even Nico tweeted wake me
• 0:14
  up at the end of September. Well, the president's son Eric
• 0:17
  Trump seems to think exactly like we do and he is once again
• 0:22
  predicting $1 million Bitcoin soon and had this to say about
• 0:26
  Q4 which begins in two days time.
• 0:30
  What does he know that we don't? Let's play the clip and we will
• 0:33
  chat about it and show you guys why we also think Q4 is going to
• 0:37
  be bullish and the future is incredible.
• 0:41
  The future is bright, the future is incredible and I think fourth
• 0:44
  quarter of this year is going to be unbelievable for a host of
• 0:46
  reasons. So how do?
• 0:48
  You think Bitcoin is going to go?
• 0:50
  I've always said that I think in time Bitcoin surpasses
• 0:52
  $1,000,000. I think with quantitative easing
• 0:54
  that we're, we're going to have starting tomorrow when the
• 0:56
  announcements made and, and all signs point in the right
• 0:59
  direction, unless this guy's really off his rocker, but then
• 1:01
  he's going to just get laughed out of this country.
• 1:03
  But you know, I think starting tomorrow you're going to see
• 1:05
  right drops. You see what's happening with
• 1:06
  M2, which is, you know, the money supply around the world,
• 1:08
  which is, which is skyrocketing right now.
• 1:11
  Fourth quarter has always historically been, you know, the
• 1:13
  best quarter or you know, generally the best quarter for
• 1:17
  crypto currencies. You heard it there, guys.
• 1:19
  So he obviously side skirted the question a little bit of how
• 1:22
  high you think the price is going to go this cycle.
• 1:24
  He's definitely thinking it's going to go to a million.
• 1:27
  I think anyone that's been in Bitcoin long enough also agrees
• 1:30
  at some point it's going to go to a million.
• 1:32
  I know there's been a lot of calls recently about Bitcoin
• 1:35
  going to seven figures this cycle.
• 1:39
  I'm, I'm being a little more conservative here.
• 1:41
  I'm, I'm like everyone in the chat.
• 1:42
  Can we just break out of this 100K range and I'll and I'll be
• 1:45
  good. I'll be happy at least for a
• 1:46
  little bit. Anyways, let's let's rollback
• 1:49
  the tape a little bit here and kind of show you what happened
• 1:53
  last week. So we were covering this on the
• 1:55
  show, but Joe Consorti put this in a great tweet on Friday.
• 1:59
  We had the second of the third biggest liquidation event of
• 2:04
  2025 in the last four days. Literally we got two of the
• 2:07
  biggest liquidation events in the same week.
• 2:10
  It did feel like it was over. I'm not going to lie.
• 2:12
  The one O 8 drop, I was sitting there like man, my PTSD is
• 2:16
  kicking in. I'm I'm starting to feel like it
• 2:18
  might be over. And the more that everyone says
• 2:20
  Q4 is when it's going to RIP, the more I'm like just a primate
• 2:24
  here. And I'm like, guys, you know,
• 2:26
  don't give me good false hope here.
• 2:27
  Because if everyone thinks we're going to pump Q4, it's starting
• 2:31
  to make me believe that we are not going to pump.
• 2:33
  But I'm still a believer anyways.
• 2:35
  Going on $2.75 billion in long liquidation.
• 2:39
  Leverage has been wiped. Now, if you haven't been in the
• 2:42
  market long enough, you're probably like, what does this
• 2:45
  actually mean for me as a holder?
• 2:47
  Well, usually before Bitcoin gets its legs up or even down,
• 2:52
  before Bitcoin makes these moves.
• 2:54
  Essentially what you'll see is market makers liquidate the
• 2:56
  longs and the shorts, essentially clearing out all the
• 2:59
  leverage so that it can finally run.
• 3:02
  And we saw over the weekend it finally recovered.
• 3:04
  I think I don't, I didn't check the price before we went live,
• 3:07
  but it's roughly around 1:14. So we rebounded from one O 8 to
• 3:11
  114. The world is not ending here in
• 3:13
  Bitcoin and I fully believe that this was probably the last
• 3:17
  liquidation before it starts running.
• 3:19
  Now, you heard the end of that clip, which is what everyone is
• 3:23
  kind of laying their hat on right now, is that we are going
• 3:26
  into Q4. Now.
• 3:28
  I've been showing you guys this chart for, I don't know, weeks
• 3:31
  at this point and I'm kind of back on my prediction.
• 3:35
  September isn't as bad as it was on Friday of last week.
• 3:39
  We're back to about 5% gains of this month.
• 3:43
  Literally it was, was at like .86 on Friday.
• 3:46
  So we've recovered really well. It's becoming, you know, I think
• 3:49
  this is what the second best or actually it's the third best
• 3:54
  September in Bitcoin's history as of now.
• 3:57
  If it continues to pump for the next one or two days, then it's
• 4:00
  most likely going to at least compete for one of the best
• 4:03
  months or best September in Bitcoin's history.
• 4:07
  But that's not where the fun really happens.
• 4:09
  The fun really happens in Q4, and that's what everyone is
• 4:12
  expecting, that Q4 is going to see massive games.
• 4:16
  What are these massive games going to look like?
• 4:18
  Obviously, none of us really know.
• 4:21
  But when you consider everything that is playing out, obviously
• 4:24
  the narrative around Bitcoin has fundamentally shifted.
• 4:27
  We're seeing a lot of institutions come into Bitcoin.
• 4:29
  The ETFs have been launched. Everyone is coming back from
• 4:32
  their vacations. They're starting to look at
• 4:34
  Bitcoin a little more seriously. We're seeing, excuse me, the
• 4:37
  Trump administration essentially 180% pivot on their stance on
• 4:43
  Bitcoin, and we're seeing all the institutions have a lot more
• 4:46
  favorable rhetoric around Bitcoin.
• 4:48
  It seems like we're going to get some good regulations coming
• 4:51
  soon. It seems also like the Bitcoin
• 4:53
  Act might get pushed through this year, which I think should
• 4:56
  be a top priority considering that next year is when we're
• 5:00
  going to start to ramp up for the midterms.
• 5:02
  And that's going to be a whole other circus.
• 5:04
  So if the Bitcoin Act doesn't get pushed through very quickly,
• 5:08
  I think it's going to be extremely hard for them to push
• 5:11
  that through in 2026. But anyways, the average return
• 5:14
  for Q4 historically for Bitcoin is 85%.
• 5:18
  The median returns are 50%. So if we see something similar
• 5:22
  there, it looks like October might be being priced in as we
• 5:27
  speak. I think everyone on Twitter
• 5:29
  right now is essentially saying one thing, that we are seeing
• 5:33
  the Bitcoin price kind of set up for a really great October.
• 5:38
  And it seems like the markets are pricing in an October rally.
• 5:42
  And I think people are trying to position themselves.
• 5:44
  If this is the narrative that Eric Trump is talking about Q4
• 5:47
  is going to be extremely bullish, then you have to
• 5:49
  believe he's not alone out there.
• 5:51
  I'm pretty sure that other people in these, you know, high
• 5:56
  level conversations are saying something similar.
• 5:58
  So we might have gotten the last liquidation event, the last pump
• 6:03
  or sorry, the last dump before Bitcoin started starts to RIP in
• 6:06
  October. And if that's the case, if
• 6:09
  that's what the growing trend is right now, then you can expect
• 6:13
  that people have been positioning themselves, making
• 6:15
  sure that they have a good position in Bitcoin before it
• 6:18
  starts ripping. Though the way Bitcoin works
• 6:21
  usually is when the price starts running.
• 6:23
  That's when people start following into Bitcoin.
• 6:26
  Now one other chart before I start passing this off to Nico
• 6:30
  is Bitcoin news tweeted this and you guys know me.
• 6:33
  If you watch this show, you know, I'm not the biggest guy in
• 6:36
  the supply shock mean. And you know, me and Luke have
• 6:40
  been essentially arguing over whether the Bitcoin leaving
• 6:43
  exchanges is actually, you know, sufficient data to show that
• 6:48
  there is going to be a supply shock on the horizon.
• 6:52
  But we did get some new data, which is very favorable for what
• 6:56
  is coming. And again, this was Bitcoin news
• 6:58
  and they tweeted buyers of Bitcoin are running the show on
• 7:01
  centralized exchanges in the last 30 days, roughly 170,000
• 7:05
  more Bitcoin has left than entered a clear sign of strong
• 7:09
  net outflows and buyer dominance.
• 7:12
  And you can check this chart. The 30 day net, net flows here
• 7:16
  is the amount of Bitcoin leaving the exchanges.
• 7:19
  So in the last couple of weeks we've been covering this and
• 7:23
  it's been pretty brutal out here for everyone in Bitcoin because
• 7:27
  we saw hundreds of thousands of coins hit the exchange from
• 7:32
  dormant whales. We're still seeing dormant
• 7:34
  whales send Bitcoin. A2013 wallet just opened up.
• 7:39
  It moved some coin for the first time.
• 7:41
  So there are a lot of OG holders of Bitcoin that are starting to
• 7:45
  wake up move their coin, which has been kind of one of those
• 7:50
  significant indicators showing us that one, there's probably a
• 7:54
  lot less Bitcoin lost than we believe and two, that some of
• 7:59
  these OG whales are still looking at 100K as their price
• 8:02
  point. And so they're taking a little
• 8:04
  bit off the table. Now what this all means though,
• 8:07
  in response to this chart, I'll pull it back up one more time,
• 8:10
  is that there is an increase amount of buyers happening right
• 8:14
  now. So even though we are seeing a
• 8:16
  lot of coin hit the exchange, we're seeing a lot of coin being
• 8:19
  taken off the exchanges, which really leads into, as Ruston
• 8:24
  loves to say, the mother of all supply shocks on the horizon.
• 8:27
  So it looks like the buying is increasing.
• 8:30
  It looks like people are starting to get into a good
• 8:33
  Bitcoin position, though you could argue that this isn't
• 8:37
  necessarily reached or institution setting up.
• 8:40
  This is probably retail is getting themselves into a good
• 8:43
  position, maybe arguably say that this is high net worth
• 8:46
  individuals packing their bags before the institutions do kind
• 8:50
  of go in feet first into Bitcoin.
• 8:53
  But reeling this all back to what Eric Trump was saying.
• 8:56
  Now, Nico and I have been covering this kind of debate on
• 9:00
  the show constantly is that we are right now seeing that
• 9:06
  Bitcoin has been kind of divided on party lines.
• 9:09
  But even though people may not like the rhetoric coming out of
• 9:13
  the Trump family or the Trump administration, you are starting
• 9:16
  to see a shift here where it's becoming a bipartisan issue.
• 9:20
  And so everyone in the know right now, especially when you
• 9:24
  consider the gold charts. And I, I didn't bring that up,
• 9:27
  but I'm going to bring that up in a minute.
• 9:28
  I'm going to let Nico, Nico chat about what I just covered.
• 9:32
  You're starting to see that people are getting into Bitcoin.
• 9:35
  And if this is setting up for a good October rally, I think the
• 9:38
  FOMO coming from not only retail, but high net worth
• 9:42
  individuals from both sides of the aisle.
• 9:43
  And of course, internationally, there's been a huge uptick in
• 9:47
  conversations around strategic Bitcoin reserves globally right
• 9:50
  now. So it looks like it may have
• 9:53
  taken 10 months for us to get to this point, but it looks like
• 9:57
  the fireworks are going to, they'll get put into OverDrive
• 10:01
  here. And I, and I don't mean to, you
• 10:02
  know, mix up metaphors here, but the end of the year, it's
• 10:06
  starting to feel like Q4 is going to follow historical
• 10:09
  patterns. I'm starting to feel really good
• 10:11
  about where we are right now. The response from one O 8 to 114
• 10:15
  is starting to make me feel a little better.
• 10:17
  But again, maybe it's just a Bitcoin contrarian Nish about me
• 10:22
  where I'm seeing everyone say it's going to start popping in
• 10:25
  Q4 and maybe this is a Pareto principle thing.
• 10:27
  If 80% of the market thinks it's going to do something, then it's
• 10:30
  probably not going to do that. I don't know if we're at that
• 10:33
  point, but there is a lot of bullish charts out there from
• 10:37
  other Bitcoin Twitter guys saying like, man, we are setting
• 10:40
  up for a great end of the year. So I'm starting to feel good
• 10:43
  guys, you know, you know me, even though Uncle Rockstar makes
• 10:47
  fun of me, my, my emotions are wrapped with the Bitcoin price.
• 10:52
  So as the price goes up, I start feeling better.
• 10:54
  I was actually even nicer than Nico this morning.
• 10:56
  So you know, something's in the air, but I'm feeling good
• 11:00
  anyways, Nico, before I pull up the gold charts and stuff, I
• 11:03
  think which also shows what is happening.
• 11:06
  What do you think about this? Do you, are you starting to feel
• 11:09
  Q4 is going to happen or are you, are you feeling the
• 11:12
  contrarian 8020 Pareto Principle like I am?
• 11:15
  1st I I want to say that Opti is in a good mood and Opti is being
• 11:21
  nice to me so that definitely means Bitcoin is pumping.
• 11:25
  That's number one, Number two. You have, you guys have to
• 11:29
  understand the context and zoom out a bit to understand the
• 11:33
  significance of what was just said because it was significant.
• 11:38
  Make no mistake, it was a big effing deal.
• 11:42
  You have the president's son. Remember the president owns, I
• 11:47
  think I believe it's the 6th largest Bitcoin treasury
• 11:50
  company. I saw a post on X talking about
• 11:53
  I think it's like 10% of their net worth is now in Bitcoin and
• 11:58
  you have the president's son going on legacy corporate media
• 12:04
  and saying we're going to $1,000,000 per coin in Q4 of
• 12:10
  2020. Well, I don't know if you said
• 12:11
  Q4 specifically, he said soon in, in a soon time.
• 12:16
  So so again. Like, and you know, Trump's only
• 12:22
  in office for three more years and he can't run again, right?
• 12:26
  He can't run for office after that.
• 12:30
  You know, he's, he's confined by the Constitution.
• 12:33
  So, you know, that's three years.
• 12:36
  What, what does he know that we don't know, right?
• 12:39
  Because there's a lot of internal dialogue and internal
• 12:42
  politics. We are, you have to understand
• 12:45
  guys like you tune into a lot of these shows and some of these
• 12:48
  shows have insider sources. Sometimes we get interviews for
• 12:51
  you guys from people that work inside, you know, the halls of
• 12:56
  power. But they are privileged to
• 12:59
  information that we don't see, right?
• 13:04
  There's a lot of things that are happening in the background that
• 13:07
  we don't know. We don't see it.
• 13:09
  We're not to that information. So when he says something like
• 13:13
  that again, he's incentivized for his bags to pump, but his
• 13:21
  bags pumping pump your bags because he's holding Bitcoin,
• 13:25
  you're holding Bitcoin. This is the alignment of
• 13:27
  incentives of Bitcoin. So when I saw that clip on
• 13:31
  Friday on X circulating, that was kind of upset because I was
• 13:35
  like, dude, we could have used this for the show and the show
• 13:37
  would have been a slapper. Like the president's son just
• 13:41
  said that bitcoins going to $1,000,000 and the president,
• 13:46
  the Trump media organization is the 6th largest Bitcoin treasury
• 13:49
  company. Like put two and two together
• 13:52
  like it's not rocket science, right?
• 13:54
  We went from our industry being attacked during Operation Choke
• 13:58
  .2 Point O me and Opti seriously considering moving to El
• 14:02
  Salvador to literally the president's son saying, hey,
• 14:07
  we're going to $1,000,000 per coin.
• 14:09
  And mind you, he's speaking at every single Bitcoin conference,
• 14:13
  right? And the vice president just
• 14:14
  spoke at the previous one. So despite bitcoins terrible
• 14:20
  price action this year, I don't care what anybody sell.
• 14:22
  We're in a bull market, Nico bro 25% the year after the having
• 14:27
  No, that's not bull market territory for Bitcoin.
• 14:30
  That's like. We might as might as well just
• 14:34
  rename. Boomer bull market simply.
• 14:37
  Simply S&P 500 at that point, right?
• 14:40
  So no, it's not a bull market in Bitcoin terms.
• 14:43
  And I get it that there's diminishing terms, but even if
• 14:46
  you take into account Michael Saylor's Kaggar, you know, he
• 14:51
  still thinks that the first couple of years it's going to be
• 14:54
  40 to 30% Kaggar. We're we haven't even seen that
• 14:57
  this year. And this is the year after the
• 14:59
  halving. So you know, this is the moment
• 15:03
  of truth. We are going to find out heading
• 15:06
  into Q4, which by the way, air horns please starts in two days,
• 15:15
  Q4 starts in 2 days and October. October is historically one of
• 15:22
  the most bullish moments, bullish months for Bitcoin.
• 15:26
  Now, does that mean that it's going to continue being the
• 15:30
  case? I don't know.
• 15:33
  We shall see, right? So far, bitcoins recovered from
• 15:38
  the dump to 109 K. It's at 100, hit 114K this
• 15:43
  morning. Are we out of the woods yet?
• 15:46
  I don't think so, but things are looking better 'cause that that
• 15:50
  crash last week was pretty bad. It was like a ghost town.
• 15:55
  Like no one was, no one was. Like no one was here, no one was
• 15:59
  there. Everyone was invisible.
• 16:01
  Yeah. And the, and the YouTube
• 16:02
  analytics, we, we don't bring those up, but the all of Bitcoin
• 16:07
  content across the whole platform is wrecked.
• 16:10
  And you can just tell that no one is searching for Bitcoin
• 16:13
  right now, which is the best opportunity for everyone out
• 16:15
  there. Yeah, no, no one cared like no
• 16:17
  one cared the last three day, the the last three days of last
• 16:21
  week work week were rough, were horrible.
• 16:26
  It was horrible. Like it it literally like we
• 16:30
  haven't and we have, we have these types of analytics, of
• 16:32
  course, we're a media company. So we have these types of like
• 16:35
  background things. And I'll give you guys a insider
• 16:38
  insight. The amount of volume in terms of
• 16:42
  people actively watching Bitcoin or crypto related content, the
• 16:47
  last three days of last week was the same as the bottom of the
• 16:54
  last bear market. It was the same.
• 16:57
  Just to kind of give you guys an idea, Opti and I were looking
• 17:00
  off a Cliff. We were like, Oh my God, like is
• 17:04
  it over? Is it done right?
• 17:05
  And it could. Still be Nikka.
• 17:07
  Wait, wait, I'm I'm going to put you on blast.
• 17:09
  Nikka, while we were doing the videos and stuff and and I was
• 17:12
  pulling up a chart and he's like bumping me and shows like dude,
• 17:15
  is it over? Is it over dude?
• 17:18
  And like, and here's the thing. Now what I'm really excited to
• 17:22
  find out and it's finally here like Q the comment section, the
• 17:27
  Q4 is historically Opti showed it in the beginning.
• 17:33
  I'll pull it up again. The best, best time historically
• 17:36
  that Bitcoin performs, it's always Q4.
• 17:40
  OK, So we're going to find out is this cycle different?
• 17:44
  That's the that's the that's the stop being nice to Nico.
• 17:47
  That's the first thing that we're going to find out is this
• 17:50
  cycle different? We're going to find that out.
• 17:53
  We're going to find that out very quickly, very fast.
• 17:56
  We're going to find that out. Is this cycle different?
• 17:58
  That's number one. Number two, we're going to find
• 18:01
  out if this cycle's like the rest of the cycles.
• 18:05
  And then we're going to find out if we're going to have an
• 18:07
  extended cycle because people are talking about potentially
• 18:12
  seeing Bitcoin go up into Q2 of 2026 because this cycle was so
• 18:22
  delayed because the the price appreciation was not that great
• 18:30
  this time around. So anyways, guys, buckle up and
• 18:38
  Q. 4 is coming. Guys, Q4 it's here, it's October
• 18:41
  is here, but it's it's a really good sign.
• 18:43
  It's a really good sign when you have the son of the President of
• 18:48
  the United States calling for $1 million Bitcoin.
• 18:51
  Yep, Bryant Armstrong, the CEO of the world's largest Bitcoin
• 18:55
  crypto exchange, calling for $1 million Bitcoin.
• 18:58
  Right. Like it's, you know?
• 19:01
  I don't know. I don't believe in the wisdom of
• 19:03
  the of the of the herd, Nico, but.
• 19:04
  Again, it's like, is the herd wrong?
• 19:06
  Like is it? Is it all like, are they all
• 19:09
  just wrong and we're just, it's over Bitcoins going back to 10
• 19:13
  Ponzi is. Over it was fun while it lasts
• 19:16
  like. Could it, could that be it as
• 19:17
  well, right. So what was the thing about you
• 19:20
  saying that Bitcoin that there was this kind of like partisan
• 19:24
  situation because I, I didn't want to comment on.
• 19:25
  That. Oh, well, I was just saying, I
• 19:27
  know a lot of people right now and I've actually been covering
• 19:32
  this since probably last year. I, I was seeing signs of this at
• 19:36
  the very beginning of last year, at the, or rather the, the very
• 19:40
  end of last year when Trump came out and embraced Bitcoin.
• 19:44
  And I'm, I'm sure you guys could go back in time and find the
• 19:48
  clips and I, I don't remember the exact dates, but I was
• 19:51
  basically saying all this year that what we're going to see
• 19:55
  come down the pipeline is that the media is going to have this
• 19:58
  bent towards Bitcoin or crypto at large and be like, oh, this
• 20:02
  is a Republican issue. And I know some people in the
• 20:06
  chat have been saying that that like, oh, you know, I don't like
• 20:09
  the Trump's. They're, they're bad for Bitcoin
• 20:12
  and crypto. And I was like, look, this isn't
• 20:15
  a partisan issue, but what we are seeing towards the end of
• 20:18
  the year is that the left is starting.
• 20:21
  To embrace Bitcoin, and now it's becoming this bipartisan issue,
• 20:26
  which I think it's a great thing because look, if every
• 20:29
  politician out there was embracing Bitcoin, then maybe
• 20:33
  you'd actually have to look at what they wanted to do.
• 20:36
  But as a Bitcoiner right now, Nico is literally a single issue
• 20:39
  voter. If they're embracing Bitcoin,
• 20:41
  then he'll say something favorable about them.
• 20:43
  But if they're all embracing Bitcoin, then we can actually
• 20:46
  start critiquing them and comparing them against each
• 20:48
  other. Who has the better kind of takes
• 20:50
  on Bitcoin? But as Dennis Porter kind of
• 20:53
  embraced the governor from California, you're seeing that
• 20:56
  there is a new trend coming from the left showing that, yeah, we
• 21:00
  will embrace Bitcoin. And I think that is starting to
• 21:03
  shift the conversation because now you can no longer just say,
• 21:06
  oh, this is like some MAGA money thing, like, oh, this is a
• 21:09
  Republican idea. It's like Bitcoin transcends
• 21:12
  both sides of the party. And we're starting to see that
• 21:14
  play out. So it took a long time to get
• 21:16
  here, but we're finally getting here.
• 21:18
  Nikon. And that was the point that I
• 21:19
  that I was kind of trying to elaborate.
• 21:22
  Yeah, I mean, so and it, and it's a, it's a little bit
• 21:24
  unfortunate, right Where, you know, you kind of created this
• 21:28
  situation where I think Bitcoin is for anyone, anyone can I, I,
• 21:33
  I want to differentiate it. I don't think Bitcoin is for
• 21:36
  everyone. I think Bitcoin is for anyone.
• 21:38
  I think there's a big differentiator there.
• 21:42
  But I think the fact that it became partisan was unfortunate
• 21:52
  because this is a technology that will help everybody.
• 21:55
  If, if, if you are saving and earning in Fiat, regardless of
• 22:00
  your political beliefs, you are getting affected.
• 22:03
  Unless you're very wealthy, you're very wealthy, you're not
• 22:06
  saving in Fiat. You're parking your assets and
• 22:09
  you're parking your, your disposable income, your wealth
• 22:12
  into assets. Assets benefit tremendously when
• 22:16
  when central banks print money. So good for you, right?
• 22:20
  You don't really care about inflation if you're wealthy, But
• 22:24
  if you are, the rest of the population, let's say the
• 22:27
  middle, the middle, the middle class and the lower class, you
• 22:32
  know, you, you get hammered every time they print money.
• 22:37
  Your salaries lose purchasing power, your savings lose
• 22:41
  purchasing power. So you're most likely saving in
• 22:43
  in dollars. So, you know, Bitcoin is for
• 22:46
  anyone like the fact that it's helping anyone live the American
• 22:50
  dream, I think is a positive thing.
• 22:53
  So I don't think it's AI, don't think fundamentally it's
• 22:56
  partisan. I think both political parties,
• 23:00
  even though I'm a big fan of the Republican Party right now,
• 23:03
  because they've state they've they've taken a pro Bitcoin
• 23:05
  stance and and we got Ross Ulbricht free, which was a
• 23:10
  fantastic achievement by the Bitcoin community.
• 23:14
  And it's a testament to our power and influence in
• 23:16
  Washington. But, you know, I, I would love
• 23:21
  to see that policy shift from the Democratic Party as well.
• 23:27
  I think it would help their, you know, I, I think it would help
• 23:31
  their voting base. I think that it, it would, it
• 23:34
  would help them reconnect with a big part of the younger
• 23:38
  generations, which right now are hurting the most.
• 23:41
  Like if you're a millennial or genzier, you know, you, you are
• 23:45
  disproportionately affected by the policy, the policies of the
• 23:51
  central bank over the last 10, 2010, 20 years.
• 23:55
  Like two, 2008 was such a historic moment, not only
• 24:01
  because it was around when Bitcoin was born, but because of
• 24:04
  what happened during the the the Great Depression, like you had
• 24:08
  central banks print an ungodly amount of money.
• 24:12
  We still have not paid the price for that.
• 24:15
  I can't emphasize this enough guys.
• 24:17
  Like we still have not paid the price for what happened in 2008,
• 24:21
  2009. Why is there wealth inequality?
• 24:24
  Why can't young people afford things?
• 24:26
  It's because I think we paid the price, but we didn't pay the
• 24:29
  bill. We.
• 24:30
  There you go. That I think that's, that's a
• 24:32
  really, that was a really astute comment by Optia.
• 24:35
  I completely agree. We've paid the price for it, but
• 24:38
  we have not paid the bill. And the millennials are paying
• 24:41
  the bill. And that comes in the form of
• 24:44
  nihilism. That comes in the form of
• 24:46
  political division. That comes in the form of
• 24:50
  despair. So if you want to know why
• 24:53
  tensions are so hot right now politically in the United States
• 24:59
  and around the world, it's because people know something is
• 25:06
  wrong. Where I think people get it, I
• 25:08
  think people get confused is they think they can vote
• 25:13
  themselves out of this. And you can vote yourself out of
• 25:16
  this. But it's not like, you know,
• 25:19
  voting for a politician then waiting for the politician to
• 25:21
  come save the day. I think voting for the right
• 25:24
  politicians to enact the right policies is, is is is incredibly
• 25:28
  important. But I think the most important
• 25:30
  vote you can make as an individual is to vote with your
• 25:34
  wallet, to vote to vote with where you are putting your time,
• 25:38
  your energy and your money. And and that's Bitcoin.
• 25:42
  That's again, that's my personal opinion.
• 25:44
  Been doing this for a little bit, 2 cycles now. 3 cycles I
• 25:47
  think now dude like my whole. Adult life now, yeah, it's
• 25:51
  crazy. 1/3 of my adult life. You know, going third of my
• 25:55
  life, this is. Nuts going and literally.
• 25:57
  Talking about Bitcoin for a living, right?
• 25:59
  That's crazy. Anyways, Nico, I do.
• 26:01
  I do want to, I'm not going to pull it up, but I I did while
• 26:04
  Nico was ranting. Look up the S&P gains year to
• 26:10
  date and it is at 13 1/2% and the Bitcoin gains year to date
• 26:16
  is like 2324%. So hey, even though we're
• 26:21
  trading the S&P 500 now guys, we are still doing better than the
• 26:25
  S&P 500. So there I, I guess there's that
• 26:28
  silver lining here. But I did mention I wanted to
• 26:31
  talk about gold right now because I think what we're
• 26:34
  seeing in gold is really an indicator of what is going to
• 26:38
  happen. Of course, Eric Trump in that
• 26:41
  clip was mentioning the M2 money supply.
• 26:44
  You know, quantitative easing is back on the table.
• 26:46
  We have Scott Besson basically saying we are going into an
• 26:48
  easing cycle. They have cut the rate cut or
• 26:51
  they have cut the interest rates.
• 26:53
  And so it seems like, you know, the the credit is going to
• 26:57
  expand. They're trying to incentivize
• 26:59
  the expansion of the money supply.
• 27:02
  We showed you guys this last week.
• 27:03
  M2 is basically at all time highs again, you can't store in
• 27:07
  dollars right now any kind of dollars.
• 27:10
  And this is where the conversation really leads to
• 27:13
  what's going on with gold. And I don't know if you guys are
• 27:16
  following gold. I we've actually kind of been
• 27:19
  like, you know, pseudo Peter shifts here on the show because
• 27:22
  gold's been ripping. It's it's still hitting new all
• 27:25
  time highs, I think yeah, here we go.
• 27:27
  So Kobayashi letter, they're they're kind of like gold bugs.
• 27:31
  Gold is is absolutely on the tear.
• 27:33
  It's all time high $3800. I actually didn't check it this
• 27:37
  morning before I went live on the show, but it's at all time
• 27:39
  highs and it's made its 38th all time high of 2025 with gold
• 27:45
  futures now up plus 43% year to date.
• 27:48
  And this is putting gold on a track for its best year since
• 27:52
  1979 as the Fed cuts rates into 3% inflation.
• 27:56
  And and as they end this tweet with gold knows what's coming
• 28:00
  next, or rather, those investing in gold know what's coming next.
• 28:04
  And this isn't just retail investing in gold.
• 28:07
  We also saw that by the end of last week, global reserves in
• 28:12
  gold are at basically all time high compared to Treasuries.
• 28:17
  People are central banks are dropping Treasuries all around
• 28:19
  the world for gold. So everyone is moving into a
• 28:23
  hard currency. Obviously, from our perspective,
• 28:26
  we think Bitcoin is superior. And historically Bitcoin pumps a
• 28:30
  lot harder than gold. But Santiago Capital makes a
• 28:33
  very astute kind of view here. You know, astute take here.
• 28:37
  And he goes. Gold is not rising because China
• 28:40
  or Russia want it to rise. They are not weaponizing it
• 28:42
  against the West. It's rising because the entire
• 28:45
  system is precarious. All Fiat is being debased and
• 28:48
  those other current countries currencies are in even more
• 28:51
  trouble than the USD and they all know it.
• 28:53
  This is what we've been saying. We're not Fiat doomers here
• 28:57
  because I, I have a clip here of Michael Bury following us and
• 29:00
  it's going to essentially show that there's still a lot of room
• 29:02
  to run here. There's still a lot of room for
• 29:04
  them to debase our currencies. But this is a signal of what is
• 29:09
  happening right now that everyone knows their currencies
• 29:13
  cannot be held. A lot of currencies outside of
• 29:15
  the dollar are getting hit harder than the dollar.
• 29:17
  And so they're going into gold, gold runs or actually it's been
• 29:20
  running essentially all year. And Bitcoin usually does delay
• 29:25
  the gold price movement and then it runs even harder.
• 29:30
  And this guy here absolutely love this tweet because
• 29:34
  everyone's basically saying, oh, gold's topping out gold.
• 29:38
  You know, this is this is the top for sure.
• 29:40
  And and you know, he's quote tweeting someone talking about
• 29:43
  the Weimar Republic and gold in once against warning us that we
• 29:47
  can we can't ignore economic reality or we can't ignore
• 29:50
  economic reality, but not the consequences of that reality.
• 29:54
  This time the problem is global and driven by the biggest credit
• 29:57
  bubble in the history of mankind.
• 29:59
  And he just quote tweets goes and in Weimar 1921, they kept
• 30:03
  waiting for the gold correction. So I think a lot of people right
• 30:06
  now from the Tradfi world are waiting for this gold
• 30:09
  correction. But if we we are entering a
• 30:12
  Weimar hyperinflationary type scenario right now where they
• 30:16
  are one saying they're going to ease, they're going to continue
• 30:20
  to expand the money supply, they're going to lower the
• 30:22
  interest rates. They're basically projecting
• 30:25
  that, yeah, we are going to debase our currency to a level
• 30:29
  never seen before. And, and everyone's just waiting
• 30:32
  for gold to correct. There's people on the sidelines,
• 30:35
  you know, or rather maybe in their position selling out right
• 30:38
  now of gold and it just keeps hitting all time highs.
• 30:41
  And now we have Bitcoin, which is just a totally different type
• 30:45
  of animal in the traditional financial system.
• 30:48
  It's a totally different beast. It's I'm actually reminded of
• 30:51
  that Kobe, the the Kobe commercial of like, it's a it's
• 30:56
  a different beast, but the same animal.
• 30:59
  It's like, what are you talking about?
• 31:01
  Bitcoin? I think what we're going to see
• 31:04
  in two days time, or rather I guess, yeah, one day is October,
• 31:10
  in two days it's. Is it 30 days in?
• 31:13
  September, so it's 30 days, OK. So yeah, it's still.
• 31:15
  Two days. For October a day and 1/2.
• 31:18
  A day and 1/2 day and. 1/2 day and a half, guys, I think, I
• 31:22
  think we're, I think finally, guys, I think finally we are
• 31:26
  going to get what we've been waiting for, what we were
• 31:29
  promised at the beginning of the year.
• 31:31
  I think it's here, guys. No what?
• 31:33
  What Trump? Listen did 150 by.
• 31:36
  End of year, he said early in his candidacy or president,
• 31:39
  President Trump promised. Us that we are going to go to
• 31:42
  the moon. During his 2024 Nashville
• 31:46
  keynote, which was historic when he was still a candidate, he
• 31:53
  promised us that we were going to pump into 2024, into 2025,
• 31:59
  and look. Hold on, I'm gonna, I'm gonna.
• 32:01
  All his promises. From a policy perspective, I
• 32:04
  want to put one wrinkle in. Here, but he has not kept.
• 32:07
  The pump promise bro he's been trying he's.
• 32:09
  Been trying to stop, kept the pump.
• 32:11
  Promise No. No, I think with Eric.
• 32:14
  Disappointing, I think with what you said earlier about Eric
• 32:18
  Trump, like and how I opened up the show.
• 32:22
  What does he know? Obviously publicly he can't say
• 32:26
  too much, but he said, quote, you know, Q4 is going to be
• 32:29
  unbelievable. And just kind of speculating
• 32:32
  here, I would venture to guess that he knows something is
• 32:36
  coming on the horizon of really big buys of people coming into
• 32:39
  Bitcoin private conversation that he can't actually say
• 32:42
  publicly. And if the action in the price
• 32:45
  we are seeing right now essentially means that people
• 32:48
  are accumulating Bitcoin, then Q4, October, you know is when
• 32:54
  the ignition gets lit. I think it's safe to say that
• 32:57
  maybe, maybe he will come through with that last
• 33:01
  prediction. 150K early in the 47th presidency.
• 33:07
  Yeah, I mean, let's. See, let's see let's see anyways
• 33:09
  guys, it's going to be a fantastic show.
• 33:11
  We have so much content for you guys Opto.
• 33:14
  You want to give the audience a little bit of a hint Yeah, yeah,
• 33:17
  so as. I said earlier, there's a clip
• 33:20
  going around on Twitter of Michael Bury kind of explaining
• 33:24
  when the Fiat system is on the verge of just total calamity.
• 33:31
  We're not there yet. But you know, I wanted to play
• 33:33
  this clip to just kind of give you guys, I don't know, the
• 33:36
  working model of what you should be looking forward to.
• 33:39
  And I'll and I'll show you guys the current kind of debt, debt
• 33:43
  clock right now. What's going on?
• 33:45
  And then hey, over the weekend, dude, the ECB just continues to
• 33:49
  double down on a CDC. I want to cover some of the
• 33:52
  speech that was said. I think there's some interesting
• 33:56
  tidbits in there. And of course, looking at the
• 33:58
  framing of how they are trying to market a CDC is just like,
• 34:03
  OK, we, we've seen this before and yet they are continuing to
• 34:07
  double down on the same type of rhetoric.
• 34:09
  And then I got, you know, I, I'm going to give the 2020 Class A
• 34:13
  little bit of applause at the end of the show and culture.
• 34:16
  We got a, we got a good visual showing you guys just how easy
• 34:19
  it is to win right now. So with all that being said, of
• 34:22
  course, I want to remind you guys to smash the like button
• 34:25
  comment on this video, tell us what you think about the show.
• 34:27
  And of course, hit the subscribe or subscriber button.
• 34:31
  We're dropping the best content on on YouTube period.
• 34:34
  So again one more thing before I move on Our boys over at Bitcoin
• 34:41
  Well are building the best way to buy Bitcoin.
• 34:45
  The reason this is is because they never hold your Bitcoin.
• 34:47
  They have never lost Bitcoin and they will never lose your
• 34:50
  Bitcoin because when your money goes through the Bitcoin gets
• 34:53
  sent directly to you. I repeat they never hold your
• 34:57
  Bitcoin. It goes directly to your cold
• 34:59
  storage and if you're on the sidelines right now and you want
• 35:02
  to get a a bunch of big a bunch of cash into Bitcoin, make sure
• 35:05
  you hit the Bitcoin OTC desk, the Bitcoin infinite well
• 35:09
  product where you can buy $50,000 of Bitcoin or more at a
• 35:13
  time. You can smash buy Bitcoin if the
• 35:16
  gold price is scaring you, if you're seeing countries drop
• 35:20
  treasuries if Fiat. The basement is finally worming
• 35:23
  its way into your brain. You got to get in touch with the
• 35:25
  Infinite Well team because they will give you a white glove
• 35:28
  service, which essentially means they'll sell you the Bitcoin,
• 35:30
  but they're also going to make sure you can secure this Bitcoin
• 35:33
  long term for generational wealth.
• 35:35
  Anyways, on that note, let's get into the rest of the show.
• 35:44
  I want to give a shout out to. Our partner stamp seed is your
• 35:47
  Bitcoin and. Cold storage really secure?
• 35:49
  Are your seed phrases really secure?
• 35:52
  Stamp Seeds Do it yourself kit has everything you'll need.
• 35:55
  For you to hammer your seed words into commercial grade
• 35:59
  titanium plates instead of just writing them down on paper.
• 36:02
  Paper is fragile. Titanium plates are strong.
• 36:06
  Your words are actually stamped into the titanium plate with
• 36:10
  this hammer and these letter stamping tools.
• 36:13
  Once the words are in, they aren't going anywhere.
• 36:16
  No risk of the plate breaking apart and pieces falling
• 36:20
  everywhere. Titanium stamp seeds will
• 36:22
  survive nearly triple the heat produced by a house fire.
• 36:26
  They are also crush proof, waterproof, non corrosive and
• 36:29
  time proof. And now you can customize your
• 36:32
  titanium seed plates. You can upload your design or
• 36:36
  logo and they will laser engrave it on the back of your seed
• 36:40
  plate, the opposite side of where the words are.
• 36:43
  Stamp your seed on Stamp seed and use promo code simply to get
• 36:48
  15% off anything on the Stamp se-ed.com store.
• 36:57
  All right, everybody. Wait, wait, wait.
• 36:58
  I want to. I want.
• 36:59
  To see this oh wait, yeah, go, go, continue.
• 37:01
  Sorry guys. Check out the new 12 word stamp
• 37:06
  seed plate. This was made by the Stamp Seed
• 37:10
  team by popular request. Normally they have the 24 word
• 37:14
  seed plate, but people were asking for a 12 word seed plate.
• 37:19
  Now it's available only on stampse-ed.com.
• 37:22
  Use promo code simply to get a 15% discount.
• 37:25
  Their new kit, the new kit design is fantastic.
• 37:29
  Carbon fiber, comes with all the letters, comes with the anvil,
• 37:33
  comes with the hammer. The famous stamp seed brass
• 37:37
  hammer perfect for hammering those those letters into the
• 37:41
  plate so head over to stampseed.com today use promo
• 37:44
  code simply get 15% off anything on the stampseed.com store all
• 37:50
  right wait Nico before. I go, Idaho Puma goes.
• 37:53
  If we don't pump October, you guys are fired, dude.
• 37:55
  If we don't pump in October, I am.
• 37:58
  I'm out, dude. I'm going to sell my 32 stats
• 38:00
  and it's over for me. OK, so we're in the same boat.
• 38:04
  No, I'm joking, there's nothing else to hold about Bitcoin.
• 38:08
  Anyways, over here on Clark Money's dashboard, the current
• 38:11
  Bitcoin price is $113,780 per coin.
• 38:15
  That is a decline from all time high of -8.5%.
• 38:19
  The market cap is $2.27 trillion and the current block height.
• 38:24
  The only time that matters is the block height is currently at
• 38:27
  916,941. So again, I wanted to play this
• 38:33
  clip here because we here as Bitcoiners, we're always looking
• 38:38
  at indicators of where the Fiat system is, how much can the Fiat
• 38:42
  system withstand? A lot of people point to what
• 38:45
  happened in Japan and their debt to GDP ratio and and essentially
• 38:50
  using that as an indicator that we can go for a lot longer.
• 38:54
  This clip, I don't know the time of this.
• 38:56
  It seems to be a little bit old. This is Michael Bury, of course,
• 38:59
  infamous for the big short movie who essentially called the 2008
• 39:04
  subprime blow up. And this is his take of what you
• 39:08
  should be watching for when the Fiat system can officially be
• 39:14
  titled A Ponzi and essentially no longer works.
• 39:17
  So let's play this clip and we will chat about it and I'll show
• 39:20
  you the debt clock of where we are right now.
• 39:23
  Well, I think, I think the point at which the degree to which we
• 39:26
  can tax our population is our basically tax is eclipsed by the
• 39:33
  amount of our interest on our debt basically makes us a Ponzi
• 39:36
  scheme of some sort. And I think that's the point.
• 39:41
  I think it's very hard to. Pick that spot.
• 39:47
  There's a long, long history. This is one of those things I
• 39:50
  wish. I think our we're cut, our
• 39:52
  leaders, our government are kind of in this teenage state right
• 39:55
  now. There's this long history we can
• 39:57
  rely on for a more mature view of how things work.
• 40:00
  And I think there's a long history of governments lasting a
• 40:02
  whole lot longer than they should.
• 40:05
  And you know, a lot that we'd rather not have happened.
• 40:08
  Certainly all the dictators seem to get it done.
• 40:11
  So I think. You know, it's, it's difficult.
• 40:15
  To time that very precisely, I think we'll have a warning
• 40:19
  though. I think a smart analyst, or I
• 40:21
  shouldn't say that because I don't even think I'm so smart.
• 40:24
  I was definitely 50th percentile here at Vanderbilt, no higher.
• 40:31
  I think if you just pay. Attention.
• 40:32
  You'll get a warning sign. Heck, you know, when I figured
• 40:35
  out the subprime thing, I had to do it off human behavior and and
• 40:39
  various sources of witchcraft wizardry in the in the O 5.
• 40:44
  By early O six, it was apparent in the actual filings that were
• 40:47
  being made every month and you just had to look at that and it
• 40:51
  was really easy. And so I think you'll, you'll
• 40:53
  see that if you're thinking 01 day, a treasury auction will
• 40:56
  fail. And then I'll have, you know, I
• 40:59
  don't think see that happening because I think we have enough
• 41:01
  domestic consumers of debt, including including the Fed, so
• 41:06
  including military pensions, whatever Social Security is
• 41:08
  there, that it's too easy for the government to hide that.
• 41:12
  And I don't know that you can. Wait for that.
• 41:15
  All right, so first of all. That dude's a genius, number
• 41:18
  one, but at the same time, I don't know if you caught that
• 41:21
  joke. He makes the same joke that Opti
• 41:23
  makes, right? Which is like Opti's a genius.
• 41:27
  No 42 IQ, Michael. Bury's a genius.
• 41:29
  But they're very humble about it.
• 41:30
  They're like, I was in the 50 percentile, dude.
• 41:33
  That's better than me. Mind you, this is a guy.
• 41:35
  Who, like, predicted what happened in 2008?
• 41:39
  Opti's got some of that wisdom up his sleeve, too.
• 41:41
  It's just a. Life hack.
• 41:42
  OK, Michael Berry gets it. Act Dumber than.
• 41:45
  Your mark is that? Is that what it is bro?
• 41:47
  21st Law of. The 48 laws of power.
• 41:49
  Go read it up and learn about it.
• 41:51
  Anyways, let's let's talk about what he's the one actually.
• 41:54
  Pulling all the strings quite. Possibly Opti.
• 41:59
  Opti is. Actually, the one controlling
• 42:01
  the Bitcoin price, Opti, whenever you're going to pump
• 42:03
  bro. Dude, what are you going to call
• 42:05
  the Bitcoin CEO? The Bitcoin CEO.
• 42:07
  Says Huddle. It's going up.
• 42:10
  I already called them. OK, so a few things that I want
• 42:14
  to point out. One is, again, maybe maybe it's
• 42:18
  because we both have 42 Iqs and we're just like idiot savants.
• 42:21
  We constantly say the same thing.
• 42:23
  And I think This is why I wanted to play that clip because you
• 42:27
  guys know me. I I only trust the science when
• 42:29
  it confirms my bias here. And he is confirming my views on
• 42:33
  a lot of things. One is the idea of the Fiat
• 42:37
  system can last a lot longer than a lot of people believe it
• 42:41
  will. Now, I know a lot of bitcoiners
• 42:44
  and I love them and they're a lot of my friends and I respect
• 42:46
  them. There is a lot of Fiat doom on
• 42:50
  Twitter where like the dollar is going to blow up tomorrow.
• 42:53
  And even though I do believe that that is a possibility, it's
• 42:57
  a non zero chance it's going to happen and it will happen at
• 42:59
  some point. What is becoming very clear to
• 43:02
  me, and he said it multiple times in that in that clip, is
• 43:06
  this idea that those people in power, those close to the money
• 43:09
  printer, the Fed, central banks around the world, even, you
• 43:12
  know, the big private banks, they have a lot of tools under
• 43:17
  their belt that will essentially obfuscate what is going on in
• 43:21
  the Fiat system. And it really reminds me of one
• 43:24
  of the tweets by Balaji about the end of the Soviet Union or
• 43:28
  the USSR where they were hot. They were manipulating all of
• 43:32
  the economic data until it essentially became too obvious
• 43:37
  for them to no longer lie about what is going on.
• 43:39
  And as someone that's been covering the news constantly on
• 43:43
  this, and we've covered this constantly on the show, is that
• 43:47
  a lot of the economic data, and it actually just finally came
• 43:50
  out like last week from the Trump administration, Scott
• 43:53
  Besson's been on a freaking Hellfire tirade about it.
• 43:56
  That a lot of the data that they've been using has been
• 43:59
  wrong or essentially outright manipulated to kind of paper
• 44:03
  over what's going on because everyone uses this data to make
• 44:07
  decisions in the Fiat system. And now it can't come out that,
• 44:10
  yeah, a lot of this stuff is just manipulated and it's wrong.
• 44:14
  And this is the system that the smartest people in the room are
• 44:17
  making their economic decisions are, and they're the ones that
• 44:19
  are running the the economy. And we're starting to find out
• 44:23
  that you can't trust a lot of the information, official
• 44:26
  information coming out of these institutions.
• 44:28
  And this is where we've been telling you guys for a long time
• 44:31
  that the only real economic data, the only data that hasn't
• 44:34
  been manipulated or maybe manipulated to the same extent
• 44:37
  is the Bitcoin price and the Bitcoin time chain.
• 44:41
  That is the only real economic data in the world currently.
• 44:44
  Now the part where I'm going to pull up the US debt debt clock
• 44:47
  is where he's talking about how can you know if we are in a Fiat
• 44:52
  Ponzi or you know, how do we know when the Fiat system no
• 44:57
  longer has steam left in its engine?
• 45:00
  And it's essentially when the interest, the interest on our
• 45:03
  debt obviously here I will show you the current U.S.
• 45:06
  National debt is 37 1/2 trillion dollars.
• 45:09
  The unfunded liabilities total debt is $104.6 trillion.
• 45:16
  And he essentially actually said when the interest payment exceed
• 45:20
  the tax income, that's when you know that the Fiat system is
• 45:25
  going to blow up. Now just to kind of maybe put
• 45:28
  some cold water on us here, there's still a long ways to go
• 45:32
  till we get to that point. So the US interest on debt is
• 45:36
  currently 1.05 trillion. And I'm not exactly sure which
• 45:41
  number he is kind of basing this on.
• 45:44
  He just said tax revenue. So the US federal tax revenue
• 45:47
  revenue is currently 5.5 trillion.
• 45:49
  So right now we're at what, a one to five ratio.
• 45:52
  So if that is, you know, an indicator of where we're going,
• 45:57
  they can still pump, I don't know, four times the amount of
• 46:01
  where we are. So this really goes back to the
• 46:03
  Weimar hyperinflationary scenarios where the next decade
• 46:07
  could just get even more catastrophic in sense of money
• 46:10
  printing. Like they, they could basically
• 46:13
  Jack up the money printer by like 4 times here.
• 46:16
  And then maybe we will get to a point where people start to wake
• 46:20
  up to this data and realizing that this is untenable.
• 46:24
  So if you're waiting for, I don't know, the Fed to
• 46:29
  officially announce or capitulate on the dollar, I
• 46:31
  think we still have a long ways to go.
• 46:34
  And one more little tidbit is the debt to GDP ratio that a lot
• 46:39
  of people kind of point to as this is unsustainable.
• 46:43
  You can see here it's currently at 123.94%.
• 46:47
  That's currently in here. You have some historical levels.
• 46:49
  In the 60s, it was 52%. In the 80s, it was 34%.
• 46:52
  In the early 2000s, it was 56%. So compared to historical levels
• 46:57
  was we are, you know, double what has been historical highs.
• 47:02
  Though when you look at what Japan's been doing, which is one
• 47:05
  of my favorite Bitcoin theories, is that the reason Satoshi
• 47:08
  Nakamoto picked the pseudonym of Satoshi Nakamoto was really to
• 47:12
  give a nod to the US. And the Western world is like,
• 47:14
  look, if you don't figure out this debt problem now, you're
• 47:19
  going to end up like Japan. And Japan's current GDP to debt
• 47:23
  ratio is like 236. So even if you're using that
• 47:27
  metric, there's still, you know, a 1X to go here before things
• 47:31
  even get crazy. Japan had some troubles in their
• 47:34
  bond markets. But if you're using Michael
• 47:36
  Bury's number here, we basically have, you know, A4 or 5X to go
• 47:41
  in money printing before it becomes completely obvious to
• 47:45
  people that this is a Fiat Ponzi scheme, or as Max Keiser likes
• 47:49
  to call it, a bond apocalypse Fiat Ponzi.
• 47:52
  There's still a long ways to go in this.
• 47:54
  So buckle up. It's going to be a long Rd. but
• 47:58
  hey, you are protected by Bitcoin and the the longer we
• 48:02
  have before they blow this up, the better everyone else will
• 48:05
  be. So I'm kind of like on the fence
• 48:08
  on this, even though we know this is where it's going.
• 48:10
  As Lynn Alden says, you can't stop the train.
• 48:13
  I think there's still a lot of fuel left in the train to keep
• 48:16
  it going, which is something I have been saying for a while.
• 48:19
  Last thing before I pass it over to Nico, he did mention failed
• 48:23
  treasury auctions and this makes me believe that this clip was a
• 48:28
  couple of years old, maybe 5-10 years old.
• 48:31
  The the wisdom is still good, the Evergreen content is still
• 48:34
  great. But we did see this year.
• 48:38
  Literally failed. Treasury auctions, but it went
• 48:42
  completely under the radar. the Fed had to buy their own
• 48:45
  Treasuries. And This is why a lot of people
• 48:48
  have been saying that, oh, the Fiat system is doomed because no
• 48:52
  one wants treasuries right now. So we are starting to see these
• 48:56
  indicators. But if you're using this metric
• 48:58
  of interest on our debt payments compared to our tax revenue, I
• 49:04
  think there's still a long room to run and there's still a lot
• 49:07
  of, you know, paperwork that they can obfuscate what's going
• 49:10
  on. So that's just kind of my take.
• 49:12
  I don't know, Nico, I, I did kind of macro nerd out there for
• 49:14
  a minute. So no, I mean I think.
• 49:17
  I think I think you made some really good points and what I
• 49:20
  will say because Opti and and Opti's brother from another
• 49:25
  mother, Michael Bury, we're essentially kind of describing
• 49:31
  the fiscal situation in the United States now.
• 49:35
  You know, Lynn Alden says nothing stops his train.
• 49:37
  Larry Leopard makes the thesis that look like they're going to
• 49:40
  have to print it. They're going to have to print
• 49:42
  the difference. I think that's obvious, but.
• 49:47
  What I want to focus? On is the symptoms, the symptoms
• 49:52
  of the money printing. I I truly believe that what
• 49:59
  you're seeing today, a lot of the madness that you're seeing
• 50:02
  in today's society are symptoms of broken money.
• 50:07
  And I think it's deeply affecting the psychology of
• 50:11
  people. And I think it's it, it plays a
• 50:15
  big responsibility in the political atmosphere that we see
• 50:20
  today in America. And let me explain to you why I
• 50:24
  believe that's the case. Number one it.
• 50:27
  Drives wealth inequality. The biggest destabilizer of a
• 50:32
  society is wealth inequality. That's one of the biggest things
• 50:38
  #2 if people think that money could be printed out of thin
• 50:44
  air, I think that they are no longer anchored to reality.
• 50:49
  I think it creates a God complex in politicians.
• 50:54
  I think it creates this. What's the correct word?
• 50:59
  For this, this feeling of entitlement from people because
• 51:06
  they feel like anything is possible, we can just print
• 51:09
  this. You see this with the current
• 51:14
  mayor that's running in New York.
• 51:16
  It looks like he's going to win, and he's talking about
• 51:20
  collectivist ideas that have been tried.
• 51:24
  Economically. Politically for more than a
• 51:28
  century and have failed every single time.
• 51:34
  And the reason that? He's able to do that.
• 51:36
  He's promising 60 million for this, 100 million for that.
• 51:42
  Doesn't sound like a lot of. Money when the government is
• 51:44
  saying it. But could you imagine?
• 51:46
  I just want you guys to imagine a world where all of a sudden
• 51:51
  the the politicians couldn't promise money anymore.
• 51:56
  The politicians could not no longer fund send $100 billion to
• 52:03
  a foreign country so that they can fight a war.
• 52:06
  Could you imagine that type of world?
• 52:09
  Because that's what the. World would look like under a
• 52:12
  Bitcoin standard. It would bring sanity.
• 52:16
  Back to money. That's why it's called sound
• 52:19
  money. It would by definition limit
• 52:23
  government spending. And by limiting government
• 52:26
  spending, government could only grow so big.
• 52:29
  Government would only grow as big as its utility, as its as as
• 52:34
  as, as its purpose. I tweeted this out this morning
• 52:38
  because I'm seeing all these crazy videos that's happening
• 52:43
  that that that are these crazy tweets, these crazy videos,
• 52:49
  these crazy posts, and I'm not going to get into a lot of it,
• 52:53
  but you guys could check out my ex account.
• 52:55
  But basically I'm making the case that like, look, guys, what
• 52:58
  is government like? What is the role of government
• 53:01
  in society? Like I didn't sign up for
• 53:06
  digital I DS. I didn't sign up for CBD CS.
• 53:09
  I didn't sign up for all the other policies that I can't talk
• 53:12
  about. But Nika, you love the.
• 53:14
  Social Contract. But we didn't we?
• 53:16
  Didn't sign up for all this stuff.
• 53:19
  We didn't sign up for, you know, the government bailing out
• 53:23
  banks. That was not the original vision
• 53:26
  of the United States of America. The original vision of the
• 53:29
  United States of America was limited government, because the
• 53:32
  more limited government is, the more freedom you have as an
• 53:35
  individual. The more the government gets
• 53:37
  involved in the economy, the more regulations there are.
• 53:43
  The less freedom you. Have and the less prosperity you
• 53:45
  have like that isn't a philosophy.
• 53:49
  Like that isn't just me just speculating.
• 53:53
  That is literally like it's, there's data.
• 53:56
  We have 100 years of data and you could just look at it, It's
• 54:00
  all there. It's very obvious.
• 54:01
  You can see this stuff, right? So going back to Opti's point,
• 54:06
  like what you have since 1971, it hasn't even been 100 years
• 54:12
  yet, is this Fiat experiment that has led to catastrophic
• 54:18
  outcomes catastrophic. It is time for the government
• 54:24
  not to be involved in money. It's, it's, it's, it's over it,
• 54:29
  it's been terrible. We we trusted them.
• 54:33
  We gave them the benefit of the doubt.
• 54:35
  We experimented. We said, OK, let's give it a
• 54:39
  shot. There was no, there's no better
• 54:41
  way. Who else are you going to try to
• 54:42
  trust with money, right? You could say, OK, you could
• 54:45
  trust it with like the private sector, OK.
• 54:47
  But then there's no accountability there.
• 54:50
  OK. So you leave it with, you know,
• 54:53
  the pub, the so-called public sector.
• 54:55
  But this is when the Freudian slip happens, right?
• 54:58
  Because when you hear the central bankers talk about
• 55:01
  Bitcoin, I love this example. When you hear the central
• 55:05
  bankers talk about Bitcoin, we're going to expand on that.
• 55:07
  More later. So when you hear the central
• 55:09
  bankers. Talk about Bitcoin.
• 55:11
  What they talk about is that Bitcoin is private money.
• 55:17
  They call it private. And they?
• 55:20
  Infer that the dollar or the euro or the pound is public
• 55:26
  money. That's how they that's how they
• 55:28
  say it, right? OK, let's use that.
• 55:31
  Let's use, let's just break it down.
• 55:36
  Anyone can make more Bitcoin. You just have to invest in the
• 55:39
  mining infrastructure. There's no special.
• 55:42
  Privileges Michael Saylor and you.
• 55:46
  There's a set of rules. You can't change those rules.
• 55:51
  Doesn't matter. Michael Saylor can't change the
• 55:52
  rules. the United States government can't change the
• 55:54
  rules. The the rules of Bitcoin are set
• 55:57
  in place. Rules without rulers.
• 56:01
  There's 21 million Bitcoin can't change the rules.
• 56:06
  You can make more of it. You can audit it whenever you
• 56:09
  want. In fact, you can download your
• 56:11
  own version of the Bitcoin software AKA running a node and
• 56:16
  you could look and you. Could look at the chain.
• 56:17
  You say, oh wow, look at that. I could see every single Bitcoin
• 56:21
  transaction since the beginning of time.
• 56:24
  I could audit the Bitcoin network and I could find out the
• 56:28
  exact supply of Bitcoin today. By putting a command.
• 56:33
  Into my note. I can do that.
• 56:35
  I can see every transaction, every single transaction.
• 56:38
  It's public information now. That is what the central bankers
• 56:42
  call private. Can you create more?
• 56:45
  Dollars. No, you go to jail.
• 56:48
  That's what's the word. Counterfeiting.
• 56:51
  Counterfeiting. Can you audit the Fed?
• 56:56
  That's called accountability. That's that's a joke.
• 56:59
  That's a joke. Can you audit the Fed?
• 57:02
  They don't even know. There was an executive order in
• 57:05
  January basically asking the government how much Bitcoin do
• 57:10
  we have? The order was due in April,
• 57:14
  April 5th. It's almost October and we still
• 57:18
  don't know how much Bitcoin the government has, right?
• 57:22
  And that's in stark contrast to how El Salvador is operating.
• 57:26
  El Salvador, you literally see it.
• 57:29
  It's, it's clear as day. They have their Bitcoin reserves
• 57:33
  public. Anyone could see it all the
• 57:35
  time. Do you know how much gold is in
• 57:37
  Fort Knox? We haven't seen a picture of
• 57:41
  that gold for like 30 years. We have to.
• 57:45
  I think it's longer. We have to.
• 57:46
  Take their. Word for it, And remember how
• 57:49
  that gold got there. They built Fort Knox to house
• 57:52
  all the gold that was confiscated via the Executive
• 57:57
  Order 61-O2 in the 1930s. So we don't have.
• 58:03
  Transparency. We don't have accountability.
• 58:06
  You want to know why governments are, are, are doing what they're
• 58:09
  doing? There's no accountability if.
• 58:12
  They're. Able to print the money and fund
• 58:15
  themselves. Remember, they don't produce
• 58:18
  anything. Why would they feel accountable
• 58:21
  to you? It's a misalignment of
• 58:24
  incentives. And this is what Bitcoin fixes.
• 58:27
  If you move a society to a Bitcoin standard, all of a
• 58:31
  sudden those politicians are going to care a whole lot about
• 58:34
  what you have to say. Those wars are going to be a
• 58:37
  whole lot more unsustainable and a whole lot more expensive
• 58:42
  because all of a sudden they're going to have to raise those
• 58:45
  taxes to pay for those missiles and bullets.
• 58:49
  Now they don't have to do. That they can just print it and
• 58:53
  printing money is a tax right? So anyways I'm going to get off
• 58:58
  my soapbox but I just wanted to add to what opti.
• 59:01
  I just wanted to add. To what Opti was saying because
• 59:03
  like dude like it it. This is not only unsustainable,
• 59:09
  this is clear that it's unsustainable.
• 59:11
  There's already symptoms that the system itself is breaking,
• 59:17
  the moral decay of society, the political polarization that you
• 59:22
  see, the wealth inequality, the despair and nihilism in the
• 59:28
  youth. That is what you are seeing it.
• 59:32
  You are seeing it, you're witnessing first hand that is
• 59:35
  broken money. And by the way, there's a
• 59:38
  historical context to this if you take a look at what happened
• 59:43
  to Weimar Germany. When they went through.
• 59:46
  Hyperinflation. Take a look at it.
• 59:49
  If you take a look at towards the end of the Roman Empire,
• 59:53
  take a look at what happened to society, you're going to see a
• 59:57
  lot of patterns. You're going to be like, Oh my
• 59:59
  God, this has happened before. It has happened over and over
• 1:00:04
  and over and over again throughout history.
• 1:00:06
  The debasement of money by the state the only check that they
• 1:00:12
  have. And this This is why.
• 1:00:15
  This time it's different because Bitcoin, again, it's a paradigm
• 1:00:18
  shift. It's a totally decentralized
• 1:00:23
  currency or network that isn't controlled by anyone but still
• 1:00:28
  enforces the rules. It's not owned by anyone.
• 1:00:31
  It's not controlled by anyone, but it still has rules.
• 1:00:35
  So in that type of world, this is where my mind is at right
• 1:00:39
  now. What is the role of government?
• 1:00:42
  What is the role of government? Is government creating more good
• 1:00:47
  for you or is government creating less good for you?
• 1:00:52
  We're at the point in the movie that if you post something, No,
• 1:00:55
  I saw it. I saw another thing.
• 1:00:57
  If you like a post on social media, they're coming and
• 1:01:02
  knocking on your door. That is that, that shitake
• 1:01:07
  crazy. Alright, that is nuts.
• 1:01:10
  That is wild. So anyways, yeah, yeah, guys.
• 1:01:13
  I'm wait. Get cold.
• 1:01:17
  Motherfucking boy, the liking. Liking post is guys, it's a wrap
• 1:01:22
  for me. It's over.
• 1:01:25
  It's over. Anyways, you know I was going to
• 1:01:28
  cut you off because we're going to talk about the CBDC's, but I
• 1:01:30
  hope there's a little. Let's keep this going.
• 1:01:32
  Yeah. Small commercial break.
• 1:01:33
  Yeah, Yeah. We'll be right back.
• 1:01:34
  We'll be right back. I want to give a shout out to.
• 1:01:37
  Our partner let in the leader in Bitcoin Back Loans unlock the
• 1:01:42
  liquidity in your Bitcoin without having to sell your
• 1:01:45
  Bitcoin. They've issued $9 billion in
• 1:01:47
  loans to over 10,000 customers since 2018.
• 1:01:51
  I absolutely love these guys. Not only do I have an account
• 1:01:54
  with them, but I also have a loan.
• 1:01:56
  And what I love about them is that there are no monthly
• 1:01:59
  payments and you could pay back the loan at any time.
• 1:02:02
  As soon as you send your Bitcoin as collateral, you'll have cash
• 1:02:05
  in your account within 20 4 hours.
• 1:02:07
  Over 1005 star customer reviews and they've never lost a single
• 1:02:12
  dollar or sat of customer money. Go to learn dot leaden dot IO
• 1:02:17
  simply today and you'll get .25% off your first loan.
• 1:02:23
  I want to give a shout out to our partnersat123.com.
• 1:02:27
  Sovereignty isn't just about your money, it's about your
• 1:02:29
  communications too. When the grid goes down, most
• 1:02:32
  people go dark. Cell towers fail and hurricanes,
• 1:02:35
  cyber attacks and blackouts. But satellite phones, they don't
• 1:02:38
  rely on local infrastructure. Iridium has 77 satellites in
• 1:02:42
  orbit, giving you a Direct Line anywhere in the US, even
• 1:02:45
  offshore. If you hold your own Bitcoin
• 1:02:47
  keys, you should hold your own commstoosat123.com also has
• 1:02:52
  everything you need need to start building your Bitcoin.
• 1:02:55
  Citadel, Starlink, battery backups, Faraday bags to protect
• 1:02:59
  your hardware wallets and much much more.
• 1:03:01
  It's a one stop shop for anyone serious about resilience and off
• 1:03:05
  grid independence. Stay connected, stay
• 1:03:07
  independent, stay sovereign. Go to sat123.com/simply today
• 1:03:13
  and use promo code simply to get 15% off anything on the store.
• 1:03:27
  All right, everybody, I. Do want to give a shout out to
• 1:03:30
  our new sponsor. I'm going to do a live live
• 1:03:35
  unboxing on air today Guys, this is literally by far the easiest
• 1:03:41
  hardware wallet to use. One of the things that I've ran
• 1:03:45
  into orange billing people, the packaging is beautiful.
• 1:03:51
  One of the things that I've ran into Orange billing people is
• 1:03:55
  the difficulty of using hardware wallets.
• 1:03:57
  So that's why we've partnered up with Bitkey.
• 1:04:00
  It's beautiful. It's very, very nice to the
• 1:04:03
  touch, and this is one of the easiest hardware wallets to use.
• 1:04:09
  You pair it up with your phone, there's an application, and if
• 1:04:14
  you use promo code simply, you'll get a discount.
• 1:04:18
  So let's check out their website for a little bit and we're
• 1:04:22
  incredibly excited about this. But yeah, recover without the
• 1:04:28
  worry built in multi sig security again, one of the keys
• 1:04:34
  is on your phone. One of the keys is on the
• 1:04:35
  hardware wallet itself. And then again, in case you lose
• 1:04:38
  one of the keys, one of the keys is on the bit key server.
• 1:04:42
  This is the perfect gift to give to people that are not Bitcoin
• 1:04:48
  native. So for example, if you have
• 1:04:51
  grandparents, if you have you know, parents that feel
• 1:04:56
  intimidated by the technical capacity and capability that you
• 1:05:01
  need with with other hardware wallets, the bit key is the
• 1:05:07
  perfect gift for them. I've been using it.
• 1:05:10
  It's so easy to use. It's incredibly intuitive.
• 1:05:13
  And again, if you use promo code simply, you'll get a $30
• 1:05:18
  discount. So head over to head over to
• 1:05:21
  their website today. We're very, very excited about
• 1:05:25
  this partnership. And this is an incredibly,
• 1:05:28
  incredibly awesome wallet. So go to bitkey dot world.
• 1:05:33
  I believe it's developed by Square.
• 1:05:36
  So this is a a very yeah shout out Jack Dorsey.
• 1:05:39
  Yeah, shout out, Jack. Dorsey and Block for developing
• 1:05:42
  a wallet that is actually easy to use for, you know, the
• 1:05:48
  average everyday person that's not plugged into the Bitcoin
• 1:05:51
  world and it has multi sig built in.
• 1:05:55
  So head over to Bitkey dot World today and it's sexy.
• 1:05:59
  It's sexy. And look at the back, bro.
• 1:06:02
  And it's built very, very nicely.
• 1:06:05
  Anyways, So Opti, I'm going to pass it on to you, my friend.
• 1:06:09
  OK, All right. Well, Speaking of hardware
• 1:06:12
  wallets and why you need them, let's check.
• 1:06:16
  Out what? The ECB is saying now, so they
• 1:06:20
  tweeted this, this morning, actually late night, I guess
• 1:06:24
  it's European time ECB official Twitter account and they go, the
• 1:06:28
  digital euro keeps you in control of your money, your
• 1:06:31
  choices and your future in an increasingly fragmented world,
• 1:06:35
  says executive board member Piero Cipollone.
• 1:06:39
  Cipollone, I don't know, a digital form of cash can protect
• 1:06:42
  Europe's freedom, autonomy and security in the digital age.
• 1:06:46
  So we have heard this Reddick rhetoric for a while now.
• 1:06:51
  Christine Lagarde has been doubling and tripling down on a
• 1:06:55
  CBDC being launched in October. So who knows if they still have
• 1:06:59
  that same timeline, whether it's the beginning of October.
• 1:07:03
  But from this speech, I, I think it's not really ready yet.
• 1:07:07
  They they're talking about it as if it's coming down the
• 1:07:09
  pipeline. So maybe end of October, I don't
• 1:07:12
  know. Anyways, I do want to break down
• 1:07:15
  the speech a little bit. I'm not going to read the whole
• 1:07:17
  thing. I kind of just want to pick and
• 1:07:18
  choose a few things that really show the rhetoric.
• 1:07:22
  And we've been, I think, talking about this red type of rhetoric
• 1:07:26
  for a long time on our show. And it really just goes to show
• 1:07:31
  that they really don't have anything new to say.
• 1:07:35
  It's always framed in the same way.
• 1:07:37
  So I will point it out as I read some of this.
• 1:07:39
  ANYWAYS, this speech is again by Piero Cipollone Cipollone and
• 1:07:44
  it's titled A digital Euro protecting our Freedom, Autonomy
• 1:07:48
  and security. I I think just in and of itself
• 1:07:52
  that protecting our freedom sounds kind of like a Freudian
• 1:07:55
  slip, I'm not going to lie. Anyways, we go on and it goes.
• 1:07:59
  I often think about the EC BS role as the guardian of the
• 1:08:02
  euro. The euro is more than just a
• 1:08:04
  currency. It's a commitment to stability,
• 1:08:06
  to unity, to a shared European destiny.
• 1:08:09
  A destiny built on peace and prosperity.
• 1:08:12
  Yet as we look to Europe's borders not too far from here,
• 1:08:15
  the challenges to peace and prosperity are all too visible.
• 1:08:19
  They've faced many challenges and at the ECB our aim is clear,
• 1:08:23
  to uphold Europe's economic and financial stability in a world
• 1:08:27
  that never stands still. Price stability is the primary
• 1:08:30
  objective of our monetary policy, and we also help to
• 1:08:33
  preserve financial stability by supervising banks, adopting
• 1:08:37
  macro prudential policy measures and overseeing payment systems.
• 1:08:42
  But today in our is an opportunity to discuss one vital
• 1:08:45
  element on our ongoing efforts to deliver stability ensuring
• 1:08:50
  that central bank money our for sovereign money which Europeans
• 1:08:53
  use every day in the form of cash remains universally
• 1:08:56
  acceptable for everyday transaction.
• 1:08:58
  Again, very Freudian slip there. I think in our ongoing efforts
• 1:09:03
  to deliver stability, ensuring central bank money, our
• 1:09:06
  sovereign money, not your sovereign money here what but
• 1:09:08
  whatever. Anyways, it goes on to say that
• 1:09:11
  they need to adopt, you know, a digital euro because people
• 1:09:14
  aren't using cash and and they would like to focus on how the
• 1:09:18
  digital euro will bolster Europe unity, safeguard our autonomy
• 1:09:22
  and strengthen our resilience in the face of ever evolving
• 1:09:25
  challenges. And then it goes on.
• 1:09:27
  Sharing our currency is about sharing more than just money.
• 1:09:30
  It affirms that our future is bound together.
• 1:09:32
  It unites us. Sharing a single currency is a
• 1:09:35
  strong geopolitical dimension. My predecessors on the ECB
• 1:09:38
  executive board once remarked that our monetary union is as
• 1:09:41
  close as it gets to a collective economic defense clause.
• 1:09:45
  An attack against one of its members would be an attack
• 1:09:47
  against all of them because it would affect the key element of
• 1:09:50
  our shared sovereignty, which I really do think is a dig towards
• 1:09:54
  the Trump administration. Again, I've been a huge fan of
• 1:09:56
  Tom Luongo's work and a lot of the stuff he's been saying is
• 1:10:01
  that many of the moves that Trump has been doing is to
• 1:10:04
  literally separate the EU from the US.
• 1:10:08
  And This is why you're starting to see a lot of the rhetoric
• 1:10:10
  come out of the EU and the ECB in particular, as as framing,
• 1:10:15
  you know, Trump and the best in administration as a bad thing
• 1:10:18
  because essentially they're trying to pull as much money out
• 1:10:22
  of the City of London as possible and, and restore it in
• 1:10:24
  the US. And I think that was a dig, to
• 1:10:27
  be honest. Anyways, Sharing a common
• 1:10:29
  currency also fosters a sense of belonging that transcends
• 1:10:32
  national borders, one that builds on and contributes to our
• 1:10:34
  European identity. This is also reflected in
• 1:10:37
  citizen support for the euro, which is rooted largely in
• 1:10:39
  shared values that provides a powerful anchor of stability,
• 1:10:42
  cementing Europeans trust in their money even in times of
• 1:10:44
  crisis. 2 points I want to point out on this paragraph in
• 1:10:48
  particular, one which is something I've been saying in
• 1:10:51
  regards to the US, but really more globally, is that the
• 1:10:54
  powers that be, the central bankers of the world understand
• 1:10:56
  one thing is that trust in institutions is probably at an
• 1:11:00
  all time low. I don't have the data to show
• 1:11:01
  you this, but you're starting to see that there is a very real.
• 1:11:08
  I don't know how to say. It exactly but a very real
• 1:11:11
  suspicion to these institutions and therefore literally because
• 1:11:15
  Fiat is government words as money.
• 1:11:18
  They realize that they need to figure out ways to gain trust
• 1:11:21
  back in their money. And I think the fact that
• 1:11:24
  they're saying this really again is what's sneak always say
• 1:11:27
  bearing the lead here. They're really exposing
• 1:11:30
  themselves with that hand. And then also one other thing
• 1:11:33
  that I've noticed, especially in America in the more patriotic
• 1:11:38
  sense of Americans, and usually it is on like the Republican
• 1:11:41
  magazine, but a lot of Americans and now I'm extending this
• 1:11:45
  globally, a lot of, you know, patriots in every country, they
• 1:11:50
  do bizarrely wrap up their their patriotism in their local
• 1:11:55
  currency. And us as Bitcoiners, we've and
• 1:11:59
  it as Americans as well. We very much believe that you
• 1:12:02
  can still love your country and not use the central bank
• 1:12:05
  currency and still, you know, believe in the country you live
• 1:12:08
  in there. This, this thought that you have
• 1:12:11
  to connect your your central bank currency to your patriotism
• 1:12:15
  and your love for your country is absolutely asinine.
• 1:12:18
  And it's such a good psyop because it's working so well.
• 1:12:21
  Anyways, the bedrock of our currency is central bank money,
• 1:12:25
  embodied by the banknotes that we have in our wallets.
• 1:12:28
  In a world that grows more fragmented by the day, there are
• 1:12:31
  strong reasons to preserve and reinforce our money in the years
• 1:12:34
  ahead. And This is why we're designing
• 1:12:36
  a new series of banknotes which will celebrate our shared
• 1:12:39
  culture and Europe's natural natural heritage.
• 1:12:42
  And This is why we are getting ready to issue a digital euro.
• 1:12:45
  As payments become increasingly digital, central bank's money
• 1:12:48
  must evolve to keep pace and remain an option for the people
• 1:12:53
  of Europe. Absolutely insane.
• 1:12:56
  As Nico loves to say on the show, what Bitcoin has proven to
• 1:13:01
  the world is that you do not need to use a central bank money
• 1:13:05
  to be prosperous. We now have a a money that is
• 1:13:09
  completely unparalleled to any one nation, anyone institution.
• 1:13:13
  And this is a feature, not a bug.
• 1:13:15
  And so it's funny the framing that they use here that hey, you
• 1:13:19
  know, the bedrock of our currency, the bedrock of Society
• 1:13:24
  of progress is central bank money.
• 1:13:27
  And as Bitcoiners are like, no, bro, like your thesis has been
• 1:13:30
  completely blown up. You don't need to use central
• 1:13:32
  bank money. And, and from our perspective,
• 1:13:34
  Fiat money are literally words from the government, as money
• 1:13:39
  has very thoroughly been proven as the worst kind of money that
• 1:13:43
  you want to use. And now we can use Bitcoin.
• 1:13:46
  It's just, it seems very, very clear to us.
• 1:13:49
  But again, the one thing that we've been coming back to
• 1:13:52
  constantly in this conversation around CBD CS is the framing.
• 1:13:58
  It is usually framed as a convenience factor, as a payment
• 1:14:01
  factor. And they're continuing to double
• 1:14:04
  down on this very same idea. I don't know if they're aware of
• 1:14:08
  this, but your cash is already digital.
• 1:14:10
  What's a digital euro going to do that the, the euro today
• 1:14:13
  can't already do? And, and it's just funny that
• 1:14:17
  they're framing, or rather not funny, but maybe more nefarious
• 1:14:20
  that they're framing this as ease of payments.
• 1:14:22
  It's like the only reason that, and this is their counter take.
• 1:14:26
  The only reason that Bitcoin was created is for digital payments
• 1:14:28
  in the digital world. And they're like, no, dude, it
• 1:14:30
  was literally created so that you can't expand the money
• 1:14:33
  supply, so you can't debase our currency.
• 1:14:35
  So you can't, you know, kick us off the financial system that is
• 1:14:39
  the root cause of the current money that Bitcoin solves.
• 1:14:44
  Remember, in the genesis block, Chancellor on the second brink
• 1:14:46
  of bailout, it's all about the debasement of the currency and
• 1:14:50
  the theft that is caused through inflation.
• 1:14:52
  It's not about digital payments. Zelle and, you know, Cash App
• 1:14:57
  and all the various, you know, PayPal implementations like
• 1:15:00
  digital cash works very well. That's not the problem that
• 1:15:04
  Bitcoin solves anyways. Of course, they're about to
• 1:15:07
  launch a digital euro and this part's interesting.
• 1:15:11
  The digital euros, it's not merely a nice to have thing.
• 1:15:14
  You need it, you need it, guys, trust us, you need the digital
• 1:15:18
  euro. And they're they're basically
• 1:15:20
  framing this as people stop using cash.
• 1:15:22
  We need a digital euro, we need to update our payments.
• 1:15:24
  And it's like that's not what Bitcoin is here to solve, but
• 1:15:27
  it's obviously still working because people still fall for
• 1:15:31
  the same time of narratives. Anyways, going further, I do
• 1:15:34
  want to go all the way up into the conclusion because this rest
• 1:15:39
  of the part, they're, you know, giving you some stats and saying
• 1:15:42
  that we're going to preserve our role and this is going to
• 1:15:44
  bolster Europe's strength and stability and adaptability under
• 1:15:48
  pressure. And it's designed for three
• 1:15:50
  features in mind, Yadda, yadda. You're going to get an app with
• 1:15:52
  your money. It's like, oh man, all the apps.
• 1:15:54
  We need apps. Anyways, here's the conclusion.
• 1:15:57
  And I think this is where again, we get another kind of smoke
• 1:16:02
  sign here, a smoke signal of what they really want.
• 1:16:05
  So conclusion, at its core, our shared currency is a
• 1:16:08
  declaration. We choose unity over division,
• 1:16:10
  community over isolation and common destiny over fragmented
• 1:16:15
  path. The idea is embedded in every
• 1:16:17
  facet of what we do at the European Central Bank.
• 1:16:20
  It is very hard of our work on the digital euro.
• 1:16:22
  We are designing a safe, reliable and universally
• 1:16:24
  acceptable form of central bank money for the digital age.
• 1:16:27
  And as ECB President Christine Lagarde said earlier this month,
• 1:16:30
  quote the digital EUR not just a means of payment, it is also a
• 1:16:34
  political statement concerning the sovereignty of Europe.
• 1:16:37
  The digital euro offers digital form of the very same cash that
• 1:16:41
  you are used to and Europeans highlighted in their Euro Summit
• 1:16:44
  statement in March. They emphasize that it more
• 1:16:47
  fragmented in digital world, accelerating progress on a
• 1:16:50
  digital EUR key, supporting a competitive and resilient
• 1:16:53
  European payment system and contributing to Europe's
• 1:16:56
  economic security. But a project of this scale
• 1:17:00
  cannot exceed if the ECB, the national central banks, the
• 1:17:03
  European Commission, the European legislators work alone.
• 1:17:07
  It requires expertise, creativity and commitment from
• 1:17:10
  all stakeholders, especially the national communities who bring
• 1:17:13
  local inside innovation from the every corner of your house.
• 1:17:17
  Anyway, that's all you guys. I, I was laughing at at how I
• 1:17:19
  was saying, you heard it there very clearly.
• 1:17:23
  They're fundamentally admitting that if everyone doesn't adopt
• 1:17:28
  the CBDC, it is going to fail. And we've been covering this on
• 1:17:32
  the show constantly with Nigeria being the main kind of
• 1:17:36
  highlighted story here, the Inara that if people absolutely
• 1:17:42
  just disregard this, or rather just don't opt into this system
• 1:17:46
  and opt into Bitcoin, then it's going to fail because no one
• 1:17:50
  actually needs this. All of this framing is just the
• 1:17:53
  kind kind of make you walk into your own gilded cage that it's
• 1:17:57
  not about digital payments, guys.
• 1:17:58
  It's about not getting the base. It's about holding something
• 1:18:01
  that can store value long term. It's about the 21 million hard
• 1:18:04
  cap. It's about the censorship
• 1:18:05
  resistant aspects of Bitcoin. And they fail to mention any of
• 1:18:09
  this. And I, I look, I just, I love
• 1:18:13
  reading their speech and then kind of, I don't know,
• 1:18:17
  countering all the things they say.
• 1:18:19
  But I'm going to pass it over to Nico cause Nico was ranting
• 1:18:22
  about this. And I think we showed a pretty
• 1:18:25
  good example of what they're trying to do and what the last
• 1:18:29
  rant was about. Yeah, I mean.
• 1:18:32
  Dude, I think they're desperate. I think they know there's
• 1:18:37
  competition now with money, so a central bank digital currency is
• 1:18:43
  not necessary. Like it doesn't improve
• 1:18:46
  anything. It's it's a, it's, it's
• 1:18:50
  something that is seeking a problem.
• 1:18:53
  It's a solution that's seeking a problem.
• 1:18:57
  And this make no mistake that a central bank digital currency is
• 1:19:02
  a response to Bitcoin and cryptocurrencies.
• 1:19:07
  And it is the the. Government's way of retaining
• 1:19:10
  their monopoly on money. The problem that they're going
• 1:19:13
  to have is that they can't shut down Bitcoin because it is
• 1:19:22
  decentralized, because they can't shut it down.
• 1:19:26
  They have to compete with it. And if you put Bitcoin and a
• 1:19:33
  central bank digital currency right next to each other and you
• 1:19:37
  compare the 2. And you say, OK.
• 1:19:40
  Which one would you rather use? The one that is censorship
• 1:19:44
  resistant? You don't have to ask anybody
• 1:19:46
  for permission to use it. It's capped, meaning it won't be
• 1:19:51
  debased and you can take it with you wherever you want as long as
• 1:20:02
  you take self custody of it or or.
• 1:20:08
  One that. Can be censored, has been
• 1:20:11
  censored, can be debased. You, you have to ask permission
• 1:20:15
  to use it and to send it. There are limits on how much you
• 1:20:19
  can send. You can't take it with you.
• 1:20:26
  They're trying to get rid of cash over time.
• 1:20:31
  Who do you think is going to win?
• 1:20:34
  Like let's just talk about the market.
• 1:20:36
  I'm a big fan of just capitalism and free markets because I think
• 1:20:41
  it's the, it's like the the free market's going to give you the
• 1:20:44
  best signals on, on what is better, OK?
• 1:20:48
  What do you think's going to win in?
• 1:20:49
  That competition, bitcoins going to win in that competition every
• 1:20:53
  single time. So when you see these types of
• 1:20:58
  announcements, they come from a place of desperation.
• 1:21:03
  They come from a place of we are losing.
• 1:21:07
  So we need to shove this down. Your it is not a coincidence
• 1:21:11
  that they're talking about digital IDs.
• 1:21:14
  It's not a, they're saying you need a digital ID to get a job
• 1:21:19
  in Great Britain. Why, why?
• 1:21:23
  Why? Why?
• 1:21:25
  Because they want to control you.
• 1:21:27
  That's why. There is no what is the, what is
• 1:21:30
  the justification? What is the reason?
• 1:21:32
  What is the reason? I don't know the reason.
• 1:21:36
  And again this goes. Back to what I was saying
• 1:21:38
  earlier, like what should be the role of government in society?
• 1:21:43
  The role of government in. Society should be limited.
• 1:21:47
  It should provide. Safety for you, right?
• 1:21:51
  That's the whole point. That's the reason you're paying
• 1:21:52
  taxes, right? It should protect your property.
• 1:21:58
  It's also the reason you're paying taxes.
• 1:22:02
  It should provide basic services where you can make an argument
• 1:22:05
  for that, that private companies bidding to provide those basic
• 1:22:08
  services would do a better job. But anyways, you could say that
• 1:22:12
  the government should do that. But what should?
• 1:22:15
  Be the role of government in a world where they don't control
• 1:22:20
  the money. You could say, you know, you
• 1:22:24
  want borders and you want the government to protect those
• 1:22:27
  borders. But what should be the role of?
• 1:22:32
  Government in society, that's the question that I have for you
• 1:22:34
  guys. Did you guys sign up for a CBDC?
• 1:22:37
  Did you guys sign up for like why do you need a digital ID to
• 1:22:41
  go to work? What the only?
• 1:22:44
  Reason, like the only reason that you can come, like the only
• 1:22:47
  conclusion you can get to is you need it because the only way
• 1:22:52
  they're going to force people into using a CBDC.
• 1:22:58
  Is via digital. ID.
• 1:23:01
  Because they won't. Adopt it on their own.
• 1:23:05
  And that is in stark contrast with how Bitcoin adoption works.
• 1:23:08
  Bitcoin adoption works because people are incentivized to adopt
• 1:23:13
  Bitcoin because it's better money.
• 1:23:16
  They're coercing you. With their monopoly.
• 1:23:20
  On violence. So 1 is a system.
• 1:23:23
  Of coercion, and fundamentally it's a system of coercion
• 1:23:27
  because it's a system foundationally based on theft,
• 1:23:31
  because that is what monetary debasement is.
• 1:23:34
  And then there's a system. Of incentives.
• 1:23:37
  My money's on the. System of incentives in the long
• 1:23:40
  run, but it doesn't mean that the system of coercion isn't
• 1:23:43
  going to fight like hell to keep you within the system because
• 1:23:48
  that's how it pays for itself. Though I can't even say it, but
• 1:23:55
  yeah, yeah. So anyways, if you want to know
• 1:23:59
  why they're coming out of, we got to have like a Rumble
• 1:24:03
  exclusive part of simply Bitcoin fags.
• 1:24:08
  If if you want to know why. They're coming out with these.
• 1:24:12
  Press releases and they're coming out on TV and saying you
• 1:24:16
  need an ID and you you need to use a CBDC.
• 1:24:20
  We're going to lose jobs if you don't adopt ACBDC.
• 1:24:23
  If you want to know why they're so desperate, it's because
• 1:24:26
  they're losing. That's why.
• 1:24:28
  It's because they have competition, that's why.
• 1:24:31
  And they're absolutely terrified of the competition and because
• 1:24:36
  they know they can't compete. They have to kneecap.
• 1:24:41
  Their competition. They have to scare.
• 1:24:44
  You into compliance, they have to force you into compliance.
• 1:24:51
  And what type of world is that? What type of world is that?
• 1:24:55
  Shouldn't you, as an individual that came into this world, have
• 1:25:00
  the choice to pick what money you want to use based on the
• 1:25:05
  properties of that money? Shouldn't you have the choice to
• 1:25:09
  do that? What gives them the?
• 1:25:12
  The right to get, to decide how you should save, how you should
• 1:25:18
  earn, especially if we know they have absolutely no consideration
• 1:25:26
  for your purchasing power. Why should they get to?
• 1:25:30
  Choose Tell me. Tell me please, why should they
• 1:25:33
  have that right? And this leads me again back to
• 1:25:36
  my basic fundamental question. We've already answered the
• 1:25:40
  question, what is money? That's Bitcoin.
• 1:25:42
  We've already answered that question.
• 1:25:43
  That that question was answered five years ago, bro.
• 1:25:47
  The question now is a very simple question.
• 1:25:50
  What is what, what is government?
• 1:25:54
  What is what should the role of government in society be?
• 1:25:57
  Because I'll tell you what, right now I'm I'm scratching my
• 1:26:02
  head and I'm saying, OK, so they're not stopping crime.
• 1:26:06
  I'm not getting I'm not getting down.
• 1:26:08
  I'm not getting down that no, no, we're going to have a rumble
• 1:26:11
  exclusive part if we're going to get down that that conversation.
• 1:26:14
  But I'm not getting into that. Let's stick to let's stick to
• 1:26:17
  CBD CS anyways. So yes, they're losing.
• 1:26:21
  They know they're losing. Anyways, we're gonna be right
• 1:26:23
  back after a small commercial break.
• 1:26:29
  I want to give a shout out. To our partner Hive Digital
• 1:26:32
  Technology. Why Hive in 2025, unstoppable
• 1:26:36
  growth as the first ever public miner, Hive's position to
• 1:26:40
  quadruple their global footprint, making them one of
• 1:26:43
  the world's fastest growing miners in 2025.
• 1:26:46
  And with elite operations that consistently topped the industry
• 1:26:50
  in Bitcoin mine, per Exahash Hives, now headquartered in the
• 1:26:54
  USA, they're lean and mean. They're.
• 1:26:56
  Green and clean, and they're rewriting the playbook on
• 1:27:00
  sustainable Bitcoin mining. You can catch the latest buzz at
• 1:27:04
  Hive Digital Tech or at Hive digitaltech.com.
• 1:27:13
  I want to give a shout out to. Our partner Bitcoin Ben dot IO
• 1:27:17
  If you're into freedom Bitcoin and building a real community,
• 1:27:21
  this is for you. Gain exclusive access to real
• 1:27:24
  world members only private clubs.
• 1:27:27
  Across the globe featuring poker.
• 1:27:29
  Nights, expert LED classes, Co working spaces, educational need
• 1:27:34
  ups, live events and more. Current locations include
• 1:27:38
  Sarasota, Nashville, Boston, Dallas, Las Vegas and Saint
• 1:27:42
  Louis, with new clubs launching soon in West Palm Beach,
• 1:27:46
  Scottsdale, Alabama and beyond, not to mention Bitcoin bands
• 1:27:51
  resorts in El Salvador. There's three of them and
• 1:27:54
  they're absolutely beautiful. You'll also get access to the
• 1:27:57
  first fully backed Bitcoin bank. With Fiat ramps and savings
• 1:28:03
  accounts, it's called private KeyBank and you guessed it, it's
• 1:28:07
  based out of El Salvador. Go peer-to-peer with Bitcoin
• 1:28:11
  bulk buys, tap into home equity for long term Bitcoin growth and
• 1:28:15
  join their exclusive mining pools.
• 1:28:17
  If you're interested in mining, what are you waiting for?
• 1:28:20
  Head over to Bitcoin bend dot IO.
• 1:28:22
  Join today where Bitcoin meets freedom.
• 1:28:30
  All right, everybody, we. Are back.
• 1:28:32
  We're back, we're back. I want to tell you about mining
• 1:28:35
  Disrupt. Mining Disrupt is going to be
• 1:28:37
  the largest Bitcoin mining conference in Texas of this
• 1:28:42
  year. This is the biggest Bitcoin
• 1:28:43
  mining conference period. It's November 11th through the
• 1:28:46
  13th of 2025. Use promo code simply, you'll
• 1:28:50
  get a discount. Opti, myself and Ruston, we're
• 1:28:54
  all going to be there November 11th through the 13th.
• 1:28:57
  Again, mining Disrupt conference, guys, you're not
• 1:29:01
  going to want to miss. It's going to be in Dallas, TX
• 1:29:04
  #opti is going back to Texas. If you want to get a job in the
• 1:29:08
  Bitcoin industry, if you want to get a job in the mining
• 1:29:12
  industry, this is the conference you need to go go to.
• 1:29:16
  You're going to meet all the insiders in the mining industry.
• 1:29:20
  Texas is the the Mecca of the Bitcoin mining world.
• 1:29:25
  Cheap energy. It's a grid that's unregulated.
• 1:29:30
  Is that the right word? Deregulated, I think anyways
• 1:29:33
  guys go to mining disrupt 2025 in Dallas, TX November 11th
• 1:29:37
  through the 13th. It's coming up Get your tickets
• 1:29:40
  quickly before the prices go up. We'll see you guys there.
• 1:29:43
  The whole Simply Bitcoin team will be there.
• 1:29:45
  Opti, myself and Rustin, see you guys in Dallas, TX November
• 1:29:50
  11th. It's going to be fantastic
• 1:29:52
  Anyways. All right guys all.
• 1:29:53
  Right, so I want to give a huge applause to the 2020 era 2020
• 1:30:01
  Bitcoin class. Shouts out to Wicked for putting
• 1:30:06
  this visual out here. So if you are a 2020 Bitcoiner,
• 1:30:10
  maybe actually if you're a 2024-2025 Bitcoiner and you, you
• 1:30:16
  know, started watching us and you're like, man, can the price
• 1:30:20
  start to go up? You're earning your stripes.
• 1:30:23
  The 2020 class has finally earned their stripes.
• 1:30:27
  They've been in the trenches with us for a while and Wicked
• 1:30:30
  did this good visual here. So I'm not going to put the
• 1:30:34
  music. I don't know if that's
• 1:30:34
  copyright. And it goes.
• 1:30:35
  It's officially been 300 weeks since 2020 began and saving $50
• 1:30:40
  a week in Bitcoin during that time would have turned $15,000
• 1:30:43
  into a .58 Bitcoin now worth over $63,000.
• 1:30:50
  If you were saving in gold instead, you would have yielded
• 1:30:52
  7.45 ounces of gold worth just over 28 K bitcoins.
• 1:30:57
  A superior long term savings technology.
• 1:31:00
  So again, a pause to the 2020 class.
• 1:31:04
  I'm sure it's been a fun ride. I've actually have a lot of
• 1:31:08
  Bitcoin friends that came out of the 2020 class, actually a few
• 1:31:12
  of them that work with us and a lot of friends that we work
• 1:31:14
  with. And it's just it feels good to
• 1:31:17
  see these charts and these visuals by Wicked.
• 1:31:20
  It kind of shows you what what is really going on here.
• 1:31:24
  And I know a lot of people we'll probably say, look, buying $50 a
• 1:31:29
  week, like that's not buying me much.
• 1:31:30
  It's, you know, that's, that's not going to get me anywhere.
• 1:31:33
  But if you're consistent with it, we can constantly show you
• 1:31:37
  the data of what's going on. Like you will have a sizable
• 1:31:40
  position in Bitcoin. So if you've been in Bitcoin
• 1:31:44
  since 2020 and you've been DCA ING every single week, give
• 1:31:48
  yourself a, you know, pat on the back.
• 1:31:50
  You've earned your stripes officially now I would say
• 1:31:53
  you've officially earned your stripes.
• 1:31:54
  You're you're I, I don't know if we're even Ogs, but you know,
• 1:31:57
  you're a bitcoiner. True blue or true orange
• 1:32:00
  bitcoiner to the 2024-2025 class, something we've been
• 1:32:05
  saying on the show for a long time.
• 1:32:06
  We've actually kind of stopped saying it recently.
• 1:32:08
  But if you stack Bitcoin, because these cycles are getting
• 1:32:11
  a little weird on us, who knows what's going on?
• 1:32:13
  If you stack Bitcoin for four to five years, you're going to look
• 1:32:16
  back at where you started and where you are now and you're
• 1:32:20
  going to be pleasantly surprised.
• 1:32:22
  So you got to just remember the blueprint.
• 1:32:25
  It's it's super easy, or rather it's super simple to do.
• 1:32:30
  It is not easy. You just need to continue to buy
• 1:32:33
  Bitcoin, take it into cold storage and repeat that process.
• 1:32:38
  Just smash biweekly, biweekly, monthly.
• 1:32:41
  I've been telling you guys this for a long time.
• 1:32:43
  If you're newer to the show, just trust the process.
• 1:32:47
  Keep stacking Bitcoin for the next, you know, four or five
• 1:32:50
  years. Keep your day job, make sure
• 1:32:53
  you're living below your means and stack Bitcoin and look at
• 1:32:55
  all the other bitcoiners that have done it.
• 1:32:57
  Nico and I Nico's a 2016 Bitcoin.
• 1:32:59
  I'm a 2017 Bitcoiner to the 2020 class.
• 1:33:02
  They've done it to anyone before 2016, like you already see them,
• 1:33:07
  they're dumping, you know, hundreds of thousands of coins
• 1:33:09
  on the market right now. But to the newer guys out there
• 1:33:12
  and ladies, 2024-2025 class, even 2023, I guess you know,
• 1:33:18
  2020 if you bought in the bear market, just trust the process,
• 1:33:21
  keep stacking and we will applaud you in the near future
• 1:33:24
  as well. But TFTC did a funny tweet here
• 1:33:28
  and I'm connecting these two and here's the headline.
• 1:33:31
  Investing like the ultra rich is easier than ever and that
• 1:33:34
  worries regulators and TFTC. Just buy Bitcoin, guys.
• 1:33:37
  It's literally that simple. Just buy Bitcoin, or rather save
• 1:33:41
  in Bitcoin and you know, acquire generational wealth, opt out of
• 1:33:45
  the matrix, opt into financial freedom.
• 1:33:48
  This is the way. This is what you got to do so to
• 1:33:52
  the 2020 class. Just wanted to show some love to
• 1:33:54
  you guys. It's been a wild ride.
• 1:33:56
  I know it hasn't been as glorious this year for the
• 1:33:58
  2024-2025 class. Actually, the 2024 class is
• 1:34:02
  doing pretty good. They're up like 100%.
• 1:34:04
  So you know, 2024 class is probably not that that sad.
• 1:34:09
  But if you're a 2025 bitcoiner, let's hope October starts for
• 1:34:14
  you because you're only up like 25% right now.
• 1:34:16
  But we'll, we'll, we'll get you some games dude.
• 1:34:18
  Just trust the process. Give us a few years here.
• 1:34:21
  Trust us, you'll be happy, OK? Oh man, don't.
• 1:34:25
  Worry, don't worry, you're all nothing and be happy anyways.
• 1:34:29
  Don't worry, you'll own Bitcoin and be happy.
• 1:34:31
  Doesn't that sound way better? I asked 366 of you guys, you
• 1:34:36
  guys voted. I said are you bullish on Q4 of
• 1:34:39
  2025? Eighty 8% of you guys said yes.
• 1:34:43
  12% of you guys said no. I'm going to end the poll right
• 1:34:45
  there guys. We love you.
• 1:34:47
  We appreciate you. This was simply Bitcoin Live 4
• 1:34:53
  September 29th, 2025 countdown Countdown One more day.
• 1:34:59
  Tomorrow's going to be the last. Last episode of new poll is
• 1:35:03
  tomorrow. Going to dump 320. 25 and then
• 1:35:07
  we are starting Wednesday, it's going to be Q4, ladies and
• 1:35:11
  gentlemen, let's see if we're going to have fireworks.
• 1:35:14
  Let's see if we're heading into uncharted territory, but one
• 1:35:17
  thing's for sure, it's Infinity divided by 21 million.
• 1:35:21
  If you guys enjoyed the show, you know what to do smash that
• 1:35:23
  like button consider subscribing if you feel like we provided you
• 1:35:26
  value. We love you all we appreciate
• 1:35:28
  you all. We wouldn't be here without you
• 1:35:29
  and we'll see you tomorrow for a brand new episode of SB live.
• 1:35:34
  Today's episode was. Brought to you by
• 1:35:36
  bitcoinwell.com, a Bitcoin only platform on a mission to enable
• 1:35:40
  financial independence.