Latest / Simply Bitcoin / The US China Trade WAR is OVER: WHY Is Bitcoin DUMPING?! | EP 1355

Transcript

The US China Trade WAR is OVER: WHY Is Bitcoin DUMPING?! | EP 1355 · Simply Bitcoin

• 0:00
  New rumors are circulating that the trade war between China and
• 0:03
  the US just finished, and we all know that Trump's 100% tariffs
• 0:07
  on China caused a massive $20 billion liquidation last Friday.
• 0:12
  But with all these traders liquidated and the leverage
• 0:15
  cleared, is this now setting up the perfect stage for Bitcoin to
• 0:18
  explode higher and follow gold or is the bull run over guys, I,
• 0:23
  I, I know you guys are watching the Bitcoin price right now and
• 0:27
  we're getting kind of naked and it's really making everyone
• 0:30
  wonder what is going on with the price to.
• 0:34
  Do to live. OK guys, so let let's get into
• 0:39
  the news story. So of course, the big news here
• 0:42
  is that you guys know we've been following along on this for a
• 0:46
  minute. Last Friday, we got the Trump
• 0:49
  tariff, 100% tariffs on China. There's been conversations
• 0:54
  around whether Scott Besson is saying, you know, they're going
• 0:56
  to open the the door to pause these tariff tensions.
• 1:00
  This morning we got this news at China says it's plans to work
• 1:05
  with the United States to find a solution on trade.
• 1:08
  So they are apparently dealing with this right now.
• 1:11
  Apparently the trade wards are off here and and the Bitcoin
• 1:16
  price is nuking on us. So it seems like there's, I
• 1:19
  mean, it's hardly rationality. Picking back up just a little
• 1:22
  bit. It's it's picking back up.
• 1:24
  What what one O one O 9. I mean, I, I was literally
• 1:28
  saying earlier I was tweeting all, you know, trade wars off
• 1:32
  Bitcoin still dumps. What like where's the
• 1:34
  rationality in this? What is going on here?
• 1:37
  It really does make you think that they're trying to shake us
• 1:39
  out of our positions that that's kind of like I think the the big
• 1:43
  thing going on right now. But anyways, let me keep this
• 1:48
  moving. So I personally, I I think we're
• 1:52
  I think we're going higher. Let me let me show you what I'm
• 1:55
  I'm seeing in the gold stuff, because I think I get actually
• 1:58
  here, here you guys go. We we got a meme for you guys.
• 2:00
  We we got some memes for you guys.
• 2:02
  So this gold rally has to stop at some point.
• 2:05
  It can't keep running like this and the gold rally is David
• 2:09
  Goggins. It, it just keeps going up. 4300
• 2:11
  right now, everyone's, it's literally going parabolic.
• 2:15
  Silver and gold are going parabolic, which I think is
• 2:17
  showing us a whole new appetite right now for hard assets or
• 2:23
  hard currency, hard money. And if this is a greater trend
• 2:27
  going on, of course, historically, gold is the safe
• 2:31
  bet here. And while everyone's piling into
• 2:34
  gold and they're all trying to catch the, you know, get the
• 2:37
  gains of gold, it is starting to make you wonder at what point
• 2:41
  does Bitcoin follow gold? Because that's usually what
• 2:44
  happens. Historically, gold runs, Bitcoin
• 2:47
  doesn't follow it immediately, but overtime Bitcoin usually
• 2:51
  catches up to gold. Now, there's interesting stuff
• 2:54
  happening in the gold market. And when I saw this gold keep
• 2:57
  running, I just kept wondering, I'm like, OK, at a certain point
• 3:01
  the gold's going to rotate. It'll eventually get into
• 3:03
  Bitcoin. And I'm starting to see signs
• 3:06
  that we might be there. And what are these signs that
• 3:09
  you might be asking it? Is this right here?
• 3:13
  So I don't know if you guys are following this on on Twitter,
• 3:16
  but apparently there is queues all around the world.
• 3:19
  I saw Hong Kong, Vietnam, and I believe it was Thailand, the
• 3:24
  other one where there's people literally in line just waiting
• 3:27
  to buy gold. So the exit liquidity for gold
• 3:30
  bugs is here, guys, retail is wanting gold.
• 3:33
  They're all chasing the games. It's very interesting.
• 3:36
  No one wants gold at like $2000, but now at 4300, they're like,
• 3:41
  we want this gold, we want this gold right now.
• 3:43
  So that's crazy. That's exactly what happens with
• 3:45
  Bitcoin as well. As soon as it starts to rally,
• 3:48
  people get behind it and they want to.
• 3:50
  Purchase it. And maybe that's what we're
• 3:52
  seeing. We're seeing people FOMO into
• 3:54
  gold when really they should be taking advantage of like like
• 3:58
  this price dump that we're having here.
• 4:00
  Well, cheap sats are good, but I guess I guess we're all poor.
• 4:04
  I was tell, yeah, but I was talking to you about this early
• 4:07
  earlier today. I would kind of rather have
• 4:11
  cheap sats and the price dump just a little bit because
• 4:14
  realistically, like this isn't, this is a dump for ants.
• 4:17
  We've been through worse as as veteran bitcoiners at this
• 4:21
  point. I'd rather it see.
• 4:24
  I'd rather see it do it do this then go sideways because when it
• 4:28
  goes sideways it. Give me volatility.
• 4:31
  No, it gives me anxiety like because I don't know if it's
• 4:34
  going to go up. I don't know if it's going to go
• 4:35
  down. I don't know what moves to me.
• 4:37
  I mean, obviously, like you just you, you have to just sit there
• 4:39
  and huddle. But like, my patience is getting
• 4:41
  tested, you know, and I don't like that I already have a
• 4:45
  toddler. Like I don't need my patients
• 4:47
  getting tested any further and that's what this side way price
• 4:52
  is doing. I'm just like I'm kind of over
• 4:55
  it. I'm at least we're getting a
• 4:56
  little bit of excitement with this dump.
• 5:00
  Wait so much so much, just keep talking.
• 5:02
  Prices going up. Yes usually.
• 5:05
  Usually it dumps when I talk, I guess.
• 5:08
  I guess having some bearishness on the show is making the price
• 5:11
  go up. OK.
• 5:13
  Going further though, with all of this retail chasing the gold
• 5:17
  games, we also heard some big news come out this morning about
• 5:21
  Japan. Not, not not the, you know,
• 5:24
  Japan trade carry trade going on, but apparently Japan's
• 5:30
  largest gold retailer has suspended sales of small bullion
• 5:34
  bars for at least a month. The irony here is is amazing
• 5:38
  guys. So the exit liquidity has been
• 5:40
  found and now they they can't even get any more any more of
• 5:43
  their gold. Now I know everyone's saying the
• 5:46
  same thing. It's like all of this is
• 5:47
  innuendo that, you know, we've been speculating about this for
• 5:50
  a while that gold's gonna or bitcoins going to follow gold
• 5:53
  eventually. Everyone is still bull posting
• 5:56
  about it. You know, everyone's saying it's
• 5:57
  got to pop at some point. It's got to follow gold at some
• 6:00
  point. Obviously it's usually around
• 6:03
  the 90 day period. So I don't know.
• 6:05
  So if does that mean end of year, maybe, maybe, maybe we get
• 6:09
  some action? That's historically what's
• 6:11
  happened. I mean, last year it was in
• 6:13
  November that we experienced the biggest pump of the year.
• 6:18
  You know, I know that we've been talking about October.
• 6:20
  I know that historically like this has been a good month for
• 6:23
  Bitcoin. But you know, with everything
• 6:26
  that's going on, you know, the I think this China tariff
• 6:31
  situation really scared a lot of people and it made of it might
• 6:35
  have kind of ruined the momentum for October and now it's a flat
• 6:40
  tober. It's Rectober.
• 6:43
  Absolutely, Rectober, but hey, we're.
• 6:46
  Not that wrecked, it's just flat.
• 6:48
  It's just, it's like it's giving me nothing.
• 6:52
  It's a stable coin. Bitcoin's a stable coin.
• 6:54
  Now can. You pull up that tweet by.
• 6:55
  Echo that one actually let's you get it on your hand 'cause I got
• 6:58
  I got a little more So what have I been watching guys?
• 7:02
  What, what makes me think that this isn't over?
• 7:04
  I, I still have my buddy he's probably in the chat right now
• 7:07
  he's texting me and we've been trolling that it's over that
• 7:09
  this this bull run is over. He keeps saying 126 K is the top
• 7:13
  and I I just, you know, maybe we're just confirming our own
• 7:17
  biases here, but I just don't see it guys.
• 7:19
  I, I don't, I think it's over. Maybe it's just me wanting to
• 7:22
  believe. I really want to believe it
• 7:23
  isn't over. I don't think it is.
• 7:26
  I could I could just be, you know, bull tarted and I always
• 7:30
  think it's going to pump, but until I get more data until we
• 7:34
  actually dump, we're holding on the 200 day moving average, so
• 7:37
  200 day moving average. If you can hear me, please hold
• 7:40
  on strong, because that's our last saving grace here.
• 7:44
  But anyways, I saw some really good tweets yesterday in regards
• 7:48
  to are we topping out or is this again setting up a perfect kind
• 7:53
  of bull run end of the year? This one is probably my favorite
• 7:56
  right here now. I don't know if it's a fully,
• 8:01
  you know, on point here. This is crypto market cap, so it
• 8:04
  could be all the shit coins as well, but we're seeing here, you
• 8:07
  know, October 2017 we got a dump and then it went 451% up.
• 8:12
  October 2021 we got a dump to start October and then it went
• 8:16
  436% up and October 2025, obviously we started a dump this
• 8:22
  month with a dump. Same setup, same structure,
• 8:26
  guys. Are we going to see some action
• 8:29
  here at the end of the year, 400% up.
• 8:31
  I don't even know what that is to today.
• 8:33
  The 400 Ki don't look that I don't know about.
• 8:36
  All that I don't know about. To hit.
• 8:38
  What was the prediction? He he had been saying 500K by
• 8:42
  the end of the year. No, he hasn't.
• 8:44
  No, no, he's been bearish all year.
• 8:47
  Maybe. Maybe he was being sarcastic.
• 8:49
  But yeah, I think he's being sarcastic.
• 8:50
  He was. Being sarcastic.
• 8:51
  Anyways, he also deleted that tweet.
• 8:53
  That tweet was so. Funny got got.
• 8:55
  Deleted he totally. Yeah, my bad.
• 8:58
  Not to not to throw you underneath.
• 9:01
  OK, and I do want to bring up this one again.
• 9:04
  Yeah, I mean, like to say the least of Bitcoiners, it's
• 9:09
  dumping and what, you know, we can only laugh through the pain
• 9:12
  here. We we can only laugh through the
• 9:14
  pain. But as I was showing you
• 9:15
  yesterday, I did sneak this in in the show.
• 9:18
  But again, you know, usually October 15th is the day when
• 9:22
  things start getting frothy. The end of October is when
• 9:25
  things start getting frothy. Look, I could be reading in
• 9:29
  between things here, guys. And, and I'll be honest, I, you
• 9:32
  know, no one knows where the price is going at this point.
• 9:34
  I think every single one of us have been wrong about our
• 9:37
  Bitcoin price predictions. And it really leans into this
• 9:41
  side like this time is different.
• 9:42
  Everything is fundamentally different now.
• 9:44
  Ever since the institutions came here, it seems like they've
• 9:47
  capped the the volatility to the upside.
• 9:50
  Hopefully if this is different, they are capping the volatility
• 9:53
  on the downside. I mean, you know what we'll
• 9:55
  give, we'll get the good with a little bit of the bad here
• 9:58
  personally, but we also have just more, more kind of, I would
• 10:04
  say indicators saying that we're not even anywhere near top.
• 10:07
  Like everything is fundamentally different and this one's a good
• 10:11
  one. It's like they're this is not
• 10:12
  what you call a Bitcoin bull cycle top.
• 10:14
  And this is a Bitcoin cycle extreme oscillators.
• 10:17
  You can see here 2018, it gets super frothy, you know, start
• 10:21
  spiking. Same thing in 2021.
• 10:25
  Here we are in 2025. It's like, dude, the markets are
• 10:28
  just, it's, it's absolutely quiet out there.
• 10:30
  There's there's nothing going on in the market.
• 10:32
  There's nothing to really tell me that it's going to dump as as
• 10:35
  we're seeing, it's really every like we're living tweet to tweet
• 10:38
  at this point now, apparently. So Trump's going to talk later
• 10:41
  today at 3:00 PM. So maybe, maybe it's going to
• 10:45
  dump more later. Who knows what we're actually
• 10:47
  going to hear. Apparently he's on the phone
• 10:49
  with Putin. You know, they're trying to deal
• 10:50
  with this trade war in China. It seems like Bitcoin is acting
• 10:54
  exactly like a macro investment would be.
• 10:58
  It's, it's it's literally hanging on the president's words
• 11:02
  here. Like what?
• 11:03
  Me, it feels like this is the quiet before the storm.
• 11:06
  I'm going to keep being optimistic.
• 11:08
  I'm going to keep, you know, just like practicing my
• 11:11
  patience, really having a toddler will do that to you.
• 11:14
  I recommend it for all bitcoiners, for everybody.
• 11:17
  Actually, I I think that you know what Trump is going to say
• 11:21
  this afternoon might be interesting for the market
• 11:25
  across the board, whether that's good or bad, but.
• 11:29
  Dude, Trump, just stop talking. I know.
• 11:32
  Please no. No more announcements bro, no
• 11:34
  more tweets. I know it's like we don't need
• 11:36
  to know every single step of your Grand Master plan, but
• 11:40
  alas, the man loves to talk. And actually, like, maybe I kind
• 11:44
  of appreciate the transparency even though the market
• 11:47
  absolutely doesn't, not even a little bit.
• 11:52
  So let's see, what do you think he's going to talk about?
• 11:54
  I have no clue. He talks all the time.
• 11:56
  So I if it's around the trade wars then maybe we'll get some
• 12:01
  relief later on today. I don't know.
• 12:03
  At this point it's really just like zoom out cheap sats on the
• 12:07
  table and this does leave me. Let's see, let's see what hat
• 12:11
  like, let's zoom out. Let's actually talk about that.
• 12:14
  The war in Gaza is, you know, over for all intents and
• 12:18
  purposes, right? But the, the China tariffs trade
• 12:24
  war that's supposedly over, there's a lot of positive news
• 12:28
  that's coming out that should be nudging the market in the up
• 12:34
  into the right direction, right? So why aren't people buying more
• 12:39
  Bitcoin? Why is everybody hedging into
• 12:42
  gold? I just don't understand.
• 12:44
  Like that's the part that I don't understand.
• 12:45
  What do they think is going to? Is it just because it's at all
• 12:49
  time high? Yeah, I think everyone's just
• 12:51
  chasing. I think everyone's just chasing
• 12:53
  price right now. I see, which is, which is really
• 12:55
  leading me to believe there's a good comment in here.
• 12:58
  And I and I think this is like on the money.
• 13:00
  The money is on gold and silver. People have lost faith in
• 13:03
  Bitcoin, especially after that big dump last week.
• 13:05
  I wouldn't say Bitcoiners have lost faith in Bitcoin, but that
• 13:10
  that is kind of leading me to believe that that's what's going
• 13:13
  on is, is they are trying to shake us out and make us lose
• 13:17
  conviction in this thing, get absolutely bored.
• 13:19
  Obviously Bitcoiners are stacking stats right now.
• 13:22
  We're looking at gold and silver and we're like, you guys are
• 13:24
  playing an old game. This makes no sense to me.
• 13:26
  Bitcoin is, it's very obviously superior to gold in our opinion.
• 13:31
  And maybe we're still the minority in the markets here,
• 13:34
  but it does look like people are just chasing the gold price
• 13:37
  right now, which really leads me to believe that, you know, the
• 13:40
  gold bugs have found their exit liquidity and they're going to
• 13:44
  dump on on the the retail chasing gold right now.
• 13:47
  And slowly, slowly, it's going to, you know, rotate into gold
• 13:52
  or gold games are going to rotate into Bitcoin.
• 13:55
  So hopefully soon. Maybe that's the plan.
• 13:57
  Maybe everybody is waiting for gold to hit a certain target
• 14:01
  number dump, you know, by rugging everybody who's buying
• 14:05
  at this price, basically, and following the steps of Michael
• 14:09
  Saylor and Larry Fink. Can't even believe I'm saying
• 14:12
  that. Uncle Larry, Uncle Larry, if you
• 14:15
  can hear us, save the bull market.
• 14:17
  Please. I mean, he has been on CNBC
• 14:20
  talking about how this is going to be a transformational year
• 14:23
  for Bitcoin. So, you know, these people, they
• 14:28
  don't just put money in risky assets for nothing.
• 14:32
  I mean, let we're talking about the person who created the $450
• 14:36
  trillion housing market in the United States.
• 14:41
  I don't think that they're going to just, you know, ape into
• 14:45
  Bitcoin and not expect a huge return.
• 14:49
  Yeah, I mean, look, I, I was trolling this morning and I, you
• 14:52
  know, I, I'm ship hosting a lot when the price dumps and I saw
• 14:58
  Simpson Mao tweet and I I forget what it was, but it was
• 15:00
  something on the lines of like the best attack on Bitcoin.
• 15:04
  I don't know what the rest of it.
• 15:05
  I, I 'cause I just stole it and I ship host.
• 15:07
  I'm like the best attack on Bitcoin is dumping the Bitcoin
• 15:09
  price. And hey, they're doing a good
• 15:11
  job at that. But you know, kind of zooming
• 15:13
  out a little bit, I am going to give some love to our boy Alex
• 15:16
  Stanzik. Of course, he is doing a Rumble
• 15:19
  exclusive show for us, the Bitcoin Crucible, which will go
• 15:22
  live tomorrow. He's actually doing once a week.
• 15:24
  And I, I think this is like the wisdom of of Bitcoiners that
• 15:28
  been around for a long time. And I know everyone says, hey,
• 15:31
  don't watch the Bitcoin price, yada, yada.
• 15:34
  Look, we, I think Bitcoin price is, is the best indicator of
• 15:39
  what's going on. Bitcoin, like Bitcoin has to go
• 15:41
  up for people for this Bitcoin thing to work.
• 15:43
  That's kind of my opinion. You guys can call me wrong.
• 15:45
  You guys can call me a moon boy all you want.
• 15:48
  But fundamentally I believe the Bitcoin price has to go up for
• 15:51
  this thing to do what it says it's supposed to do, what we
• 15:54
  believe it to do. It has to keep going up.
• 15:56
  That's just my opinion. It might be a bad opinion, but I
• 15:59
  I totally believe that that's the case.
• 16:01
  I think that you're totally right and you know, we are in an
• 16:04
  echo Chamber of Bitcoiners who are here for the peaceful
• 16:09
  revolution. And don't get us wrong, so are
• 16:11
  we. However, if you look at the the
• 16:14
  incentive of the masses, greed plays a central role in that
• 16:19
  incentive. And if that greed, that number
• 16:23
  go up incentive is gone, people are going to lose faith in it.
• 16:27
  And and like it's it's not a feature.
• 16:31
  I mean, it's not a bug, it's a feature.
• 16:32
  What is it? It's not it's a feature, not a
• 16:34
  bug. Sorry I'm.
• 16:35
  Really not a bug. I'm really messing up my my
• 16:37
  stuff right now, but it's it's part of what makes Bitcoin work
• 16:42
  for so many people. And what I think that is
• 16:46
  eventually going to perhaps make the price pump is when people
• 16:51
  realize that scarcity aspect of it, when people realize that
• 16:56
  this is not something like gold that could, you know, you could
• 17:01
  discover more of it as time progresses that there are only
• 17:06
  21 million. And that's it.
• 17:08
  When the scarcity and the supply shock hits, that's when people
• 17:13
  are going to FOMO into Bitcoin. And we're here to tell you, take
• 17:16
  advantage of this little dump because it won't be here for
• 17:19
  much longer, hopefully. I mean, look, everyone in the
• 17:22
  chat saying I'm fighting, guys. Look, we're we're just following
• 17:26
  what the market is. We're not selling.
• 17:27
  We're not telling you to sell your Bitcoin.
• 17:29
  I haven't. No, we're we're telling you to.
• 17:32
  To buy stacks again more. That's what this is all about.
• 17:36
  Look, we don't know what's going on in the short term, but what
• 17:39
  we do know is it is going to go up at some point, though I do
• 17:42
  have friends saying that it's a bear market and and just
• 17:46
  acknowledging a bear market doesn't necessarily mean we're
• 17:48
  funding. It absolutely is a bear market.
• 17:50
  But again, but again, we're not, you know, a lot of us,
• 17:54
  especially in our echo chambers, we're not here for the for the
• 17:58
  price necessarily. We're here because it's better
• 18:01
  money. Because I mean, yeah, I'm
• 18:04
  listen, I'm not speaking for myself.
• 18:06
  I'm talking for for the people, for the people viewing this
• 18:08
  show. A lot of us are actually here
• 18:12
  because it's better money. It's hard money.
• 18:13
  It's the peaceful revolution, all that, you know, feel good
• 18:16
  kumbaya stuff. But at the same time, you know,
• 18:22
  the number has to go up. That's all I have to say.
• 18:24
  And and. And they're they're calling is
• 18:25
  not real Maxi's in the chat because we're watching the price
• 18:28
  and it's dumping on us and we're relishing in the in the price
• 18:31
  dump. I mean, hey, it is what it is,
• 18:33
  bro. It is what it is.
• 18:35
  Wait. A lot of Maxi's relish in the
• 18:37
  price dump. A lot of Maxi's love that it
• 18:39
  goes down because it's. Breaking, breaking.
• 18:41
  We're fake maxi's. We're fake maxi.
• 18:43
  'S opportunity for everybody who can purchase and stack more.
• 18:48
  Look Bitcoin at the end of the day, the thing that the
• 18:51
  fundamental thing that people don't understand is that the
• 18:54
  game of Bitcoin is not a game of timing the market.
• 18:57
  It's a game of time in the market and accumulation.
• 19:01
  The more Bitcoin you can accumulate, the more you are
• 19:04
  going to be winning. It's not so much about like, oh,
• 19:07
  like I made a 20% X in my investment, bro.
• 19:11
  Like nobody cares about that in Bitcoin.
• 19:14
  And what people care about is that you are staying in the
• 19:17
  game, that you have Bitcoin, that that you are accumulating
• 19:21
  overtime, dollar cost averaging, doing whatever you can to have
• 19:25
  more sats today than you did yesterday.
• 19:28
  And so, you know, if the price goes down, like I said, I'd
• 19:31
  prefer that than the price going sideways.
• 19:34
  And even then when the price goes sideways, I'm like, well,
• 19:37
  finally, like we have a little bit of stability because at the
• 19:39
  end of the day, all of those reasons, whether it goes down,
• 19:42
  up or to the side, all of that stuff is better than the system
• 19:47
  that we have now. Like, people forget.
• 19:49
  People forget why we're into Bitcoin.
• 19:51
  They forget that Fiat gets printed at the flip of a dime,
• 19:55
  at the Press of a button at the behest of politicians.
• 19:59
  And so we got to remember, we got to come back to our roots.
• 20:02
  Oh, look, banger, banger tweet or comment here.
• 20:06
  This isn't retail gold FOMO, it's sovereign gold FOMO.
• 20:08
  I, I totally agree. That's, that's totally what
• 20:10
  we're seeing. But we are seeing retail start
• 20:12
  to FOMO into it. And that's why I keep saying
• 20:14
  that. I, I think the, you know, even
• 20:17
  though the central banks and institutional FOMO is going hard
• 20:21
  into big or sorry into gold, we are seeing that retail is
• 20:25
  following. And that's what that's what
• 20:27
  makes me believe that, you know, exit or gold bugs have found
• 20:31
  some exit liquidity here and everyone's just kind of chasing
• 20:34
  the game. But anyways, I do want to cover
• 20:36
  last tweet just because everyone's calling me a fake
• 20:38
  maxi and I'm actually I'm getting super roasted in the
• 20:41
  chat right now. Dude, it's you know, hey, I'm
• 20:44
  I'm getting roasted right now, so keep.
• 20:46
  Keep roasting Opti. We love that.
• 20:49
  We'll pull up your. Comments guys I'm a I'm half
• 20:52
  sick getting roasted this is a rough day at the office and the
• 20:55
  price is dumping cheese and. If you're roasting opti smash
• 20:58
  the like button, share this video with your friends.
• 21:01
  Make make your roasts known to your friends and and let them
• 21:05
  know about Bitcoin. Let them know that it is the
• 21:07
  hardest money on planet Earth and that they should probably
• 21:11
  cop that instead of gold. I don't know.
• 21:13
  I don't know. Yeah, you should.
• 21:14
  I'm not an economist. I'm just a girl.
• 21:17
  I'm just a girl. You should tell you should tell
• 21:20
  your family to catch knives with you bro.
• 21:22
  Nothing more bonding than catching you know knives when
• 21:25
  the price is dumping. It's true.
• 21:27
  Have you have you ever seen Survivor?
• 21:29
  All of those people are super close and they totally don't
• 21:31
  want to kill each other. Everyone's saying I'm trying to
• 21:35
  guys, I, I'm, I'm literally all in on Bitcoin.
• 21:39
  My my job is Bitcoin. Everything I do revolves around
• 21:42
  Bitcoin. I want to see the succeed adjust
• 21:45
  as much, if not more than anyone else.
• 21:47
  And anyways, let's let's end this segment with a little bit
• 21:50
  of wisdom from our buddy Alex here.
• 21:52
  And I think this is, you know, the signal throughout all of
• 21:55
  this is like, Oh no, Bitcoin crashed to one O 8 actually,
• 21:58
  what's 107? Is it 107 now?
• 22:00
  No, we're back at 108. OK, we're 108.
• 22:02
  When in doubt, zoom out. Bitcoin has been stair stepping
• 22:04
  upwards and continues to consolidate above 100K.
• 22:07
  I think that's like the biggest signal here, guys.
• 22:09
  We've seen a lot of crazy stuff in the markets and Bitcoin's
• 22:12
  still above 100K like we're, we basically been above 110 K.
• 22:17
  And yeah, I know. I, I am, I am tired, boss.
• 22:20
  Like I'm tired. You know, I, I, I want, I want,
• 22:22
  I want to see this go. I was promised a bull run and we
• 22:26
  haven't seen it. It's literally at what, the same
• 22:28
  price it was at the beginning of the year since November.
• 22:30
  So hey, you know, give me, give me some leeway.
• 22:33
  Yeah. Maybe, maybe it's not about the
• 22:34
  promise of the Bull Run. Yeah, it's not.
• 22:37
  It's not about the, it's not about the gains you've made
• 22:39
  along the way. It's about the friends you've
• 22:41
  made. Maybe, maybe it's not about the
• 22:46
  promised bull run, but about the promised hard money and better
• 22:49
  life that Bitcoin will get you. Yeah, yeah, I'm trying to be
• 22:54
  optimistic, dude. I'm turning pessimist fields in
• 22:57
  front of your eyes now, guys. I'm as bullish as anyone else.
• 22:59
  Like this is really positive what we're saying, I think, and
• 23:03
  I don't think we're like, it really makes me think we're not
• 23:06
  going to see a crazy bear market because we need the FOMO top to
• 23:10
  get, you know, 80% draw down. So it is in in all kind of
• 23:15
  respects a very bullish thing that what we're seeing right now
• 23:19
  is it's being held up right now. Like the price is holding really
• 23:22
  strong. And as Alex says here, there is
• 23:24
  no stopping this train. It will go higher.
• 23:27
  I know in the short term, like our job is to cover the news in
• 23:30
  the short term, which means we have to react to the crazy short
• 23:34
  term volatility, the dumps try to make sense of this for
• 23:37
  everyone out there. But if, if you guys really think
• 23:39
  I'm being bearish right now, obviously, like part of me is
• 23:43
  trolling and just being giddy and ship hosting as we go live.
• 23:47
  But I, I think, I think this is, this is all good.
• 23:50
  I think we're, we're really in a strong position here.
• 23:53
  And look, there's still a lot left in October.
• 23:56
  There's still a lot left in this year.
• 23:58
  Things can change on the dime, as we saw with Bitcoin.
• 24:01
  Things change. Literally like sentiment in
• 24:03
  Bitcoin changes day-to-day or at this point it changes tweet to
• 24:07
  tweet at whatever Trump's tweeting, nuking the market,
• 24:10
  sentiment starts changing. So I think this is one of those
• 24:14
  points where it really makes me think that the more you start
• 24:19
  doubting your, you know, your thesis on Bitcoin, the more it's
• 24:23
  going to go higher. Like I'm, I'm fully convinced
• 24:25
  that that's what's going on, that these dumps right now are
• 24:28
  trying to test your conviction in Bitcoin and that makes me
• 24:31
  believe we are going higher. Now I, I could be completely
• 24:34
  wrong. We could be setting up for a,
• 24:36
  you know, multi year bear market.
• 24:38
  I just don't see itself. I I don't see it happening.
• 24:42
  I don't believe the the bears in the chat.
• 24:44
  I don't believe my boy. That's a bear that text me.
• 24:47
  I troll with him, but I don't I don't see it happening.
• 24:49
  Guys. I, I think we are still going to
• 24:52
  see a good, good one. I don't let's see let's see this
• 24:59
  guy awesome and nice. It's still it's still trolling
• 25:02
  me. This is why we call off the a
• 25:04
  fake maxi. You keep saying stuff like the
• 25:06
  price is the same as Q12025 bro. We haven't had a real bear
• 25:10
  market. No 70% corrections, but also no
• 25:12
  crazy blah. Dude.
• 25:13
  I just said that bro. I literally just said that yeah,
• 25:15
  I think this is all bullish. I think this is all bullish
• 25:19
  guys. It is what it is you know cheap
• 25:22
  SAT bitcoins are stable coin at at least we're not losing value
• 25:26
  like we are in Fiat, but hey it it's also like we're not
• 25:29
  necessarily keeping up with inflation numbers either, but
• 25:31
  hey what whatever, what hey, I'm chill, I'm chilling, I'm
• 25:35
  chilling, I'm chilling we're. Spoiled. 100% we're going to
• 25:43
  yeah, guys, this is this is where conviction is testing you
• 25:47
  guys. I've been through, I don't know,
• 25:49
  33 cycles at this point. I don't even remember.
• 25:52
  It feels like my whole life at this point, my whole adult life.
• 25:55
  I've been through three cycles, you know, a shake out from 120
• 26:00
  to one O 8 back to 112 now at one O 8 like this isn't going to
• 26:05
  shake me out of my conviction of Bitcoin.
• 26:07
  I still think Bitcoin is changing everything, but it's
• 26:09
  fun to troll a little bit guys. OK, we, it's fun to troll.
• 26:12
  We troll a little bit here. Anyways, I do want to remind you
• 26:15
  guys to smash the like button, of course, comment on the show.
• 26:18
  What do you think about the new studio?
• 26:19
  Is this helping us? Is this a good thing?
• 26:21
  And of course, subscribe if you like Sophie.
• 26:24
  She's got her own show. Are you dropping 1 today?
• 26:27
  I don't I don't remember, so stay tuned for.
• 26:31
  That. Yeah, guys, it's my fault.
• 26:32
  So, hey, if you didn't get your position here, you can thank me.
• 26:37
  I'm, I'm giving you cheap sets. If you think I'm a fake maxi and
• 26:40
  I'm flooding the Bitcoin price, give me thanks.
• 26:43
  I'm giving you some cheap sets. This is this is my duty to you
• 26:46
  guys. Anyways, I do want to give a
• 26:48
  huge warm shout out to our boys over at Bitcoin.
• 26:53
  Well, go to bitcoinwell.com/simply and use
• 26:56
  the promo code Simply BTC. If you are looking at this dip
• 27:01
  and you want to buy some Bitcoin, go buy real Bitcoin the
• 27:03
  right way. Which means they will never rug
• 27:07
  pull your Bitcoin because they never hold on to your Bitcoin.
• 27:10
  They have never lost Bitcoin. They will never lose Bitcoin
• 27:12
  because when you send your money over to them, it's got to go
• 27:15
  directly to your cold storage. This ensures that no one that
• 27:19
  ever buys from Bitcoin well will blow up.
• 27:22
  This is what we want to do. We want to make sure that
• 27:24
  everyone that buys Bitcoin on these exchanges takes Bitcoin to
• 27:28
  cold storage and Bitcoin well is the only place that does that
• 27:32
  anyways, guys moving on to the show.
• 27:34
  What do I got for you guys today?
• 27:37
  Well, I'm I'm gonna I'm gonna I'm gonna add a little more hope
• 27:39
  I'm in here. We got a good clip coming out of
• 27:41
  CNBC. Same thing we've been saying for
• 27:43
  a while guys it's going up forever it's going up forever
• 27:45
  and then in the news we got an interesting couple headlines
• 27:49
  here. I'm gonna, I'm gonna do the
• 27:51
  Politico one, but it looks like the countries, the, the
• 27:57
  institutions of the world are going to start blaming us for
• 28:01
  things. They're they're basically saying
• 28:02
  we don't have, we don't have good aligned rules here.
• 28:04
  Ultimate signal. That's how we know we're going
• 28:08
  up. Yeah, exactly.
• 28:09
  They're they? Bottom confirmed.
• 28:12
  Let's hope so. Let's hope so.
• 28:14
  But yeah, they're they're saying they need better global rules to
• 28:17
  control Bitcoin. It's like, OK, bro, like
• 28:20
  literally they're also kind of hitting on the sovereign
• 28:23
  individual. And then we do have some
• 28:25
  interesting stuff coming out of the repo markets.
• 28:27
  Remember yesterday or wait, was that 2 days ago?
• 28:30
  Yeah, 2 days ago. I was telling you about Jerome
• 28:33
  Powell saying quantitative tightening is probably coming to
• 28:36
  an end soon. Well, these shutdowns are doing
• 28:39
  some interesting things in the repo markets, in the global
• 28:44
  liquidity. There might be some fireworks
• 28:46
  and not just in the Bitcoin price going down, but in the
• 28:49
  global landscape of what's going on on the central bank level.
• 28:54
  So we'll be right back after this break and we got a jam
• 28:56
  packed show for you guys. I want to give a shout out to
• 29:05
  our partner Stamp seed. Is your Bitcoin and cold storage
• 29:08
  really secure? Are your seed phrases really
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• 29:14
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• 29:17
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• 29:21
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  Titanium plates are strong. Your words are actually stamped
• 29:28
  into the titanium plate with this hammer and these letter
• 29:32
  stamping tools. Once the words are in, they
• 29:35
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• 29:44
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• 29:50
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• 29:54
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• 29:59
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• 30:02
  where the words are. Stamp your seed on Stamp seed
• 30:05
  and use promo code simply to get 15% off anything on the Stamp
• 30:11
  se-ed.com store. All right guys, sorry caught me
• 30:19
  mid mid coffee mid caffeine plug all right, so I'm over here on
• 30:24
  Clark Moody's dashboard. The current Bitcoin price is
• 30:27
  108,620, which is a -30 almost -14% decline from all time high.
• 30:34
  The current market cap of Bitcoin is 2.17 trillion and the
• 30:37
  current block height is 919,363. So TikTok next walk Bitcoin is
• 30:42
  still working exactly as designed now as we've been
• 30:46
  seeing all year long. The legacy media keeps, you
• 30:49
  know, bringing on people that sound exactly like Bitcoiners.
• 30:53
  And I I find this one a little interesting.
• 30:55
  This happened this morning. And they're they're just as
• 30:58
  bullet hearted as we've always been.
• 31:00
  And they're just like, yeah, don't worry about what's going
• 31:02
  on in the price right now. It's going to million 10 million
• 31:05
  soon. And I know everyone in the chat
• 31:08
  is like, when are we getting the 200 K at this point, Opti, when
• 31:11
  are we going to 150? I don't care about $1,000,000
• 31:14
  predictions five years from now. I just want to know, so when
• 31:17
  we're going to 200 K like in the, in the near term.
• 31:20
  So it's funny how we always talk about lowering our time
• 31:24
  preference here and you guys can tell my, my height, my time
• 31:26
  preference is pretty higher because I'm, I'm just like, I
• 31:29
  want to see this start to pump. I'm, I'm with you guys.
• 31:31
  I want to see this start to go up.
• 31:33
  I miss the glory days of it going up.
• 31:35
  And I'm, I'm, I guess I'm getting tired of it being a
• 31:38
  stable coin and no one really cares about $1,000,000
• 31:41
  predictions anymore. I think we all know it's going
• 31:44
  to a million at some point, but we just don't know when.
• 31:47
  Well, it's interesting. CNBC is still out there
• 31:49
  platforming people making these crazy predictions.
• 31:52
  Actually, they're not even crazy.
• 31:54
  They just sound crazy. And remember what Rockstar said,
• 31:56
  Make sure that your price predictions are so crazy that
• 31:58
  people think you don't have any brain cells left.
• 32:01
  So I'm OK with CNBC continuing to a platform these ideas.
• 32:06
  Let's let's listen to it. And I, I mean, we've all heard
• 32:08
  this before, but you just love to see it.
• 32:11
  Striking distance of bitcoins recent all time high reached
• 32:15
  back in August above $124,000. Do you think we can surpass that
• 32:20
  all time high and if so, can we stay there?
• 32:22
  What will it take? For me it's a directional bet,
• 32:25
  so we're going to a million and after that we're going to 10
• 32:28
  million. So it's just a matter of time
• 32:31
  from that standpoint. I'm taking a long term view and
• 32:34
  everyone you know, I've been advising people to get into
• 32:37
  Bitcoin at 20 dollars, $200, $20,000 and $120,000 because at
• 32:43
  the end of the day it is a scarce value.
• 32:45
  It's a digital gold and has all the properties to be anti
• 32:49
  inflationary and anti sort of a centralized government spending.
• 32:53
  So it's a directional bet. And you always believed in
• 32:56
  Bitcoin. I mean, we spoke with you.
• 32:58
  CNBC Squawk Box interviewed you back in 2014 when the price of
• 33:03
  Bitcoin was around $450. And here we are with Bitcoin
• 33:07
  above $120,000. So how do you explain what
• 33:11
  happened between then and now in the 11 years since that
• 33:15
  interview? Well, I think first and foremost
• 33:17
  the global debt of the governments has increased
• 33:20
  dramatically. You know the continuation of
• 33:24
  spending by OECD countries has continued on and the central
• 33:29
  banks, quantitative easing and printing, releasing more Fiat.
• 33:33
  And when you have all of these combination of factors, then you
• 33:36
  have Bitcoin shining, that's one.
• 33:38
  Second, it has been institutional adoption.
• 33:42
  So I think what BlackRock has done for the industry has been
• 33:45
  profound and fidelity in terms of allowing the access to
• 33:49
  Bitcoin in a very easy manner, because that was not never not
• 33:52
  the case before and we're seeing this institutional wave.
• 33:57
  Yeah, yeah, yeah, someone in the chat said.
• 34:00
  Hey, replace Opti with this guy. I was about to say, who is this
• 34:05
  diva? One no, I'm getting cooked.
• 34:11
  I'm getting cooked. OK, OK.
• 34:14
  I mean, listen, if people are being so bull tarted that they
• 34:18
  are losing brain cells in here, the the fact that it's happening
• 34:24
  out there is just unbelievable. Like, what does that mean?
• 34:27
  I'm actually confused. I'm confused by this because
• 34:30
  we've never gotten this. This is the first year where the
• 34:34
  institutions are actually backing up what we say.
• 34:38
  So like what? What does that mean?
• 34:41
  I mean, I mean, I don't know, look, I'm with him.
• 34:46
  I literally, I, I say the same thing, he said.
• 34:49
  You know, I've been telling you to buy it. 100 thousand, 10,120
• 34:54
  thousand. Look, guys, we buy tops here, we
• 34:57
  buy tops as generational timestamps to show your, your,
• 35:01
  you know, great grandchildren that, yeah, I bought at this
• 35:04
  price and they're like, man, grandpa was an absolute legend.
• 35:08
  I literally remember the last all time high itself.
• 35:10
  I, I put a limit order at 69420 when the price was at like 65 K
• 35:15
  just so I can get that time that, that, you know,
• 35:19
  generational buy and it like I literally was like my, you know,
• 35:23
  my $10 was pushing the price up and then it completely dumped
• 35:26
  right after. So it's, it's all my fault guys.
• 35:30
  It's all my fault. But his point remains the same.
• 35:33
  I, I think the biggest signal here is what we constantly
• 35:37
  saying. I know I'm kind of trolling and
• 35:39
  you guys are trolling me on the show and you guys are saying I'm
• 35:41
  fighting. But his point of directionally,
• 35:46
  we know where this is going. That's what this all is.
• 35:48
  As a lot of bitcoiners have been saying, it's like Bitcoin is
• 35:51
  either worth millions of dollars or it's worth 0.
• 35:54
  We're currently at 108 K, whatever, 110K, whatever.
• 35:59
  It's it's a little off all time high.
• 36:01
  And I know I'm trolling and having fun on the show today
• 36:03
  'cause it's dumping right as we're doing the show.
• 36:06
  But I fully agree with this. Directionally, we know where
• 36:10
  Bitcoin is going as the same. Wait, do I have it here?
• 36:12
  I think I have it here. Hold on, do I have it silly in
• 36:16
  here? Maybe I don't.
• 36:17
  I feel like no, I don't. I don't know where it.
• 36:20
  Went I feel like spiritually when everybody just starts, oh,
• 36:23
  I do. Stops caring.
• 36:24
  It's going up forever, Laura. Yes, but but when people stop
• 36:28
  caring about the price for some reason, that's when the price
• 36:31
  goes up. It's like, I don't know if
• 36:33
  you've ever had that friend tell you like, oh, when you stop
• 36:35
  looking for your significant other, they'll just like show up
• 36:38
  out of nowhere. They'll fall on your lap.
• 36:41
  It's kind of like that, you know, when you stop obsessing
• 36:44
  about the price, which I will never stop obsessing about the
• 36:46
  price, but when you do, it starts to pump.
• 36:51
  And I saw that when we reached the last all time high 126 K, I
• 36:56
  think it was just like very quiet.
• 36:58
  Nobody was talking about it. Then we thought we were going to
• 37:01
  RIP. We started bantering about
• 37:02
  October. Everybody started having these
• 37:06
  expectations. And the reality is that
• 37:08
  expectations set you up for disappointment.
• 37:12
  And I think that that's where we're at.
• 37:14
  I think that's why the sentiment is so negative.
• 37:17
  And, you know, seeing people like this, seeing the boomers be
• 37:21
  more optimistic than we are, is. That's cap.
• 37:25
  That's Cap. I mean, we're seeing it.
• 37:28
  Look at the video we just watched.
• 37:30
  That's cap. We are extremely bullish on
• 37:32
  Berry. Is super bullish, yeah.
• 37:34
  But the The thing is they are fresh.
• 37:37
  They've never been through a bear mark.
• 37:39
  This is their first time. They're like, they're like
• 37:42
  newborn baby bit pointers, the boomers and we are veterans.
• 37:51
  We're like, we're like on our the last little bit of the last
• 37:54
  cigarette in the war zone. Yeah, what the the the Nico
• 37:59
  tweet? Yeah, and you know, we're tired.
• 38:03
  We're tired, boss. Literally that video.
• 38:06
  Actually, I did this tweet wait, wait, make sure it's on up here
• 38:09
  because you guys can't see everything that I that I tweet.
• 38:12
  What's going on over here? But.
• 38:14
  Opti Opti has a hidden account. What No, I, I should have a
• 38:17
  hidden account because, because I got some bangers that I can't
• 38:20
  really tweet, but I tweeted this yesterday and it and it, it
• 38:24
  caught on with everyone. Well, it, it got some traction.
• 38:27
  I, I, I put some numbers in yesterday.
• 38:30
  Yeah, I put some numbers in, but I did the I did the Bitcoin bull
• 38:34
  run is over. And then me as what's it with
• 38:37
  Melonia? No dude, that's.
• 38:39
  Me and just like smoking a cig, that's Maloney, Maloney.
• 38:43
  Me just smoking a cig like man I can't hear another round of the
• 38:48
  Bitcoin bull run is over. It's supposed to be going up.
• 38:51
  It was 3 green years, one red and this green year has not been
• 38:56
  that green is all. It hasn't been that green is.
• 38:58
  All what worries me is when when the people who are just getting
• 39:02
  into Bitcoin now and all this institutional money does finally
• 39:06
  go through a bear market, what's going to happen?
• 39:08
  Like are they going to just like?
• 39:09
  They're going to sell out. They're going to cascade
• 39:13
  liquidations bigger than we've ever seen before.
• 39:16
  And again, it's just like be careful what we wish for, guys.
• 39:19
  The institutions are here. I know they've been saying they
• 39:22
  want to hold Bitcoin long term, but part of me thinks that they
• 39:27
  are going to. If there is a bear market, if
• 39:29
  there is an 80% correction again or 50% correction, part of me
• 39:33
  thinks they're going to just like cascade the liquidations
• 39:37
  and drop it. Even, which is, which is why
• 39:39
  they won't let that happen, which is why we're calling that.
• 39:43
  It's the end of cycles and we're in a new era of Bitcoin,
• 39:49
  hopefully. I don't know.
• 39:51
  I don't know anything like that's the thing, everything.
• 39:54
  Well, no one does. I think no one does.
• 39:56
  Everything that people expect in Bitcoin, literally the opposite
• 40:01
  tends to happen. And so, you know, people who are
• 40:04
  saying that that it's over, keep going.
• 40:07
  Please keep going because. Yo everyone please tell me
• 40:10
  something good. We need it.
• 40:11
  We need it just. Tell me something.
• 40:13
  Just tell me something bad so that the opposite can happen.
• 40:16
  Because I'm telling you, like the spirits of Bitcoin, they
• 40:19
  always do the opposite. When we stop talking about the
• 40:22
  price, it decides to go. I don't know what it is, I don't
• 40:26
  know why, but my which sense, my tingly female senses are telling
• 40:30
  me we just got to stop talking about the price.
• 40:33
  Well, it's our job to talk about price over here.
• 40:36
  So I know, I know, but like I, if you really, really like less,
• 40:41
  less trolling here. If if you really do want to hear
• 40:44
  something good. In my opinion, it is the fact
• 40:46
  that we're seeing a lot of Bitcoiners really on the fence
• 40:49
  right now about what the price is going to do.
• 40:51
  Like the fact that you are seeing a lot of free fear going
• 40:55
  on right now and people being scared and wondering that the
• 40:57
  price is going to dump. It does make me think that it's
• 41:00
  going to pump just because if everyone is afraid out here,
• 41:03
  what is Max Payne? There's been a few Max Payne
• 41:05
  scenarios that I've been thinking recently. 1 was that
• 41:09
  huge liquidation we saw basically a lot of people that
• 41:12
  are convinced of Bitcoin but maybe gambled or leveraged a
• 41:15
  little too much, they're sitting on the sidelines.
• 41:17
  That would be Max Payne. People getting leverage, having
• 41:20
  no money, and then seeing the Bitcoin price freaking explode.
• 41:25
  And on the flip side is seeing a lot of true believers in Bitcoin
• 41:29
  start to believe that the, the price is going down, people sell
• 41:32
  out and then the price starts ripping.
• 41:34
  It's all Max Payne scenarios lead to the Bitcoin price
• 41:38
  ripping. All roads lead to Bitcoin.
• 41:40
  So I don't know, man, I, I know, I know I've been trolling a lot
• 41:43
  on the show. I'm just trying to, you know,
• 41:45
  have some fun and, and we're all enjoying the time.
• 41:47
  This is what it means to be a Bitcoiner.
• 41:49
  And also there's like absolutely no news except for the price is
• 41:54
  dumping. Yeah, that's the big news.
• 41:56
  Subscribe. Like and subscribe to our
• 41:58
  channel as the price is dumping. Yeah, as we enter a bear market,
• 42:02
  no, guys, I'm, I'm still convinced it's going to RIP.
• 42:04
  I, I know, I, I know I'm, I'm being very flippant and I'm, I'm
• 42:07
  trolling the whole time, but it's just just just having some
• 42:10
  fun here. It's definitely going to RIP.
• 42:11
  It's just we just don't know when like and anybody who tells
• 42:15
  you when is lying and you know this somebody mentioned here
• 42:20
  Bitcoin is like a roller coaster.
• 42:22
  This one, as we all know, Bitcoin is like a roller
• 42:25
  coaster, a lot of fun to ride from last January 2025, all time
• 42:29
  high was 109 to 78 K to like it really is a roller coaster and
• 42:34
  right now like that's what it feels like.
• 42:36
  If you I have like the nervousness of like when you're
• 42:39
  going down a roller coaster and you feel like you don't know if
• 42:42
  you should be scared or anticipating all of the fun that
• 42:45
  you're going to have. But that's what it is.
• 42:48
  That's what you signed up for. And I don't know if institutions
• 42:51
  know that, but that is what they signed up for.
• 42:54
  They did not sign up for a smooth sailing.
• 42:57
  It's a small world after all type of ride unless they keep
• 43:03
  putting money into Bitcoin even during the bear market and then
• 43:06
  that's the end of cycles and that would be.
• 43:07
  Guys, we're we're we're trying to confuse the market
• 43:11
  manipulators right now where one of the most bullish Bitcoin news
• 43:14
  channel AKA us is starting to get bearish so you can get some
• 43:17
  cheap sats before we start ripping.
• 43:19
  This is all planned guys. It's all part of my master plan
• 43:21
  here. We're all.
• 43:22
  We're all just trying to help you.
• 43:23
  Yeah, we're we're all we're we're all here now, guys,
• 43:27
  seriously, like the short term volatility of Bitcoin is, is
• 43:31
  really right. Sorry, sorry, I'm still getting
• 43:34
  used to my mothership over here. The short term volatility of
• 43:37
  Bitcoin really doesn't negate the long term thesis of Bitcoin.
• 43:41
  That's what this is all about. Yes, of course we have fun.
• 43:43
  When the price starts to dump, we're all looking at at what's
• 43:46
  going on in the day-to-day. But long term it's the same
• 43:49
  thing. Everything divided by 21
• 43:51
  million. So if you believe in Bitcoin at
• 43:53
  126 K, then you're going to love it at 108 K.
• 43:57
  The long term thesis is the same.
• 43:59
  The name of the game is accumulation.
• 44:01
  You want to hold this Bitcoin, buy Bitcoin and just chill for
• 44:06
  as long as possible. That's the whole game.
• 44:08
  The whole game is saving this Bitcoin for the future because
• 44:12
  we know what's going to happen. It's a it's a, it's a binary
• 44:15
  choice. It's either going up a lot or
• 44:18
  it's not doing anything and it's going to zero.
• 44:20
  I don't think it's going to zero, guys.
• 44:21
  I think long term Bitcoin is perfectly where it needs to be.
• 44:25
  This is just what's going on in the time.
• 44:27
  But it's fun to watch it dump a little bit.
• 44:29
  I mean, not only has it withstood the test of time, it's
• 44:31
  withstood the test of, you know, government regulation, or at
• 44:36
  least their attempt to. It's withstood their their
• 44:40
  tariffs and the bad news and the FUD and, you know, people
• 44:44
  calling us names left and right. I think that, you know, the fact
• 44:49
  that we aren't below 100K yet is, is actually really good
• 44:55
  news. And it's strong signal that, you
• 44:56
  know, we're going to recover from whatever the heck is going
• 45:00
  on. So just be patient, enjoy the
• 45:03
  ride, it's gonna be great. Yeah, there's guys as as the
• 45:07
  Roxham dude is who I don't know who's behind the Roxham, but
• 45:10
  shouts out to Nolan. I'm a huge fan of Nolan.
• 45:12
  He says I'm in Bitcoin because there's nowhere else to be
• 45:14
  period. Long term.
• 45:15
  Everything else doesn't make sense to me.
• 45:17
  That's literally the thesis guys.
• 45:18
  That's that's literally what this all is about.
• 45:20
  There's there's literally nothing else to hold right now.
• 45:23
  It is Bitcoin and there's nothing else.
• 45:25
  There is no second best. So as much as we have fun and
• 45:28
  troll when the price starts dumping and we're all wondering
• 45:30
  where the price of Bitcoin going to go, this is the thesis.
• 45:34
  There is nothing else to hold but Bitcoin.
• 45:36
  So, you know, get get your position, accumulate, pack your
• 45:40
  bags. At some point we're going to see
• 45:41
  the Bitcoin price start running and then it'll be all fun and
• 45:44
  games again. I mean, it's still fun and games
• 45:46
  when the price starts dumping. So yeah, that's, that's the
• 45:50
  literal thesis here. And yes, don't forget self
• 45:52
  custody. But Sophie, you did say
• 45:54
  something interesting about regulations.
• 45:56
  Well, we got an interesting news story coming out of both Reuters
• 45:59
  and Politico. They're covering the same, same
• 46:02
  thing. I do know they probably have a,
• 46:04
  you know, political bias coming out of the the their media spin.
• 46:08
  But there is, I would say, some interesting signal from this.
• 46:11
  So we'll be right back after this news, our commercial break
• 46:15
  to cover this story. I want to give a shout out to
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  What a professional. OK guys, so this is an
• 49:24
  interesting news story and this is something we've been telling
• 49:27
  you guys for a while now that literally the only way they
• 49:31
  could act to actually strangle Bitcoin and stop the adoption of
• 49:35
  Bitcoin is if there is a cohesive global move to try to
• 49:41
  stop Bitcoin and have these regulations to strangle Bitcoin.
• 49:44
  And we have been seeing these headlines slowly but surely pop
• 49:48
  up. We got another one from the
• 49:50
  financial Services Board of the USAKAFSB or Fazbee, and this is
• 49:55
  Politico, but I will read you the Reuters article headline as
• 49:59
  well. So Political's headline is we
• 50:00
  global crypto rules put financial stability that risk F
• 50:03
  as B warns. And then the Reuters 1 is G20
• 50:07
  risk watchdog warns of significant gaps in global
• 50:11
  crypto rules. What is this saying?
• 50:13
  It's what we've been saying for a long time, guys, that the only
• 50:17
  way they could actually shut down Bitcoin is if there is a
• 50:21
  concerted effort by every government in the world to shut
• 50:24
  down Bitcoin. And really all it takes is 1 for
• 50:27
  that plan to be foiled. But hey, they're out here kind
• 50:30
  of saying the the very obvious that things, hey, man, we need
• 50:35
  to control this better. So let me read this a little
• 50:37
  bit. And it goes because of the
• 50:38
  international decentralized nature of financial technologies
• 50:41
  like crypto, gaps in global rules means providers can go
• 50:45
  wherever laws are the most LAX, which quote complicates
• 50:48
  oversight. OK Captain, and obvious thank
• 50:51
  you to for telling us something we don't know.
• 50:53
  It's literally the sovereign individual thesis.
• 50:54
  If they try to control Bitcoin in your area, you just move
• 50:57
  somewhere where you get better rules.
• 50:59
  Money goes where it's treated best.
• 51:01
  Bitcoin is will move where it's treated best.
• 51:03
  So global finance regulators failure to impose sufficient
• 51:07
  rules on cryptocurrencies could threaten the world's financial
• 51:10
  stability global risk body, the Financial Stability Board has
• 51:13
  warned. Love, love to hear them say it,
• 51:16
  Sophie, that it's our fault that there's not going to be
• 51:19
  stability in the financial systems.
• 51:21
  It's. It's the ultimate form of
• 51:22
  gaslighting. I mean, they create the problem,
• 51:27
  then they make us suffer the consequences, and then they tell
• 51:31
  us it's our fault that the problem.
• 51:33
  No, sorry that the solution to the problem exists.
• 51:37
  Oh, OK. It's crazy gaslighting.
• 51:41
  It's crazy gaslighting. So going a little further, I'm
• 51:43
  going to read a little bit, but reviewing the roll out of global
• 51:46
  framework for crypto rules, the Financial Stability Board said
• 51:49
  there are quote significant gaps and inconsistencies in
• 51:52
  implementing the rules, which could, quote pose risk to
• 51:55
  financial stability and the development of a resilient
• 51:58
  digital asset ecosystem. Yeah, bro, that's literally
• 52:04
  that's literally by design. And going further, quote, which
• 52:08
  complicates oversight. Yeah, the exactly.
• 52:12
  And it continues and says global cooperation on regulating the
• 52:16
  currencies is fragmented, inconsistent and insufficient to
• 52:19
  address their global nature. It it's just funny to see, man.
• 52:24
  They're they're they're literally coping in real time.
• 52:27
  First, first, yeah, wait, go. Yeah, go, go.
• 52:30
  Honestly, I honestly love to see it.
• 52:32
  I love to see these people squirm because that means that
• 52:35
  our theory of the case is working.
• 52:37
  That means that Bitcoin truly is the scarcest, hardest money that
• 52:42
  the world has ever seen. And if that is scaring them, if
• 52:46
  they are gaslighting us, if they're telling us that this
• 52:48
  solution is suddenly our fault, then that means that we are.
• 52:53
  The price might be going sideways, we might even be
• 52:56
  dumping today. But at the very core, we're
• 53:01
  winning. Oh God, oh man, I'm preparing.
• 53:05
  I'm preparing for Trump. I got my Trump hands on.
• 53:07
  I don't know if we should be, you know, doing, doing Trump
• 53:12
  impersonations today. Who knows, maybe he's going to
• 53:16
  say something in our face. Don't forget that there was
• 53:20
  recently a report Trump is one of the biggest whole like whales
• 53:26
  on planet Earth right now. You think that man is going to
• 53:28
  let his bags go down? No, absolutely not.
• 53:34
  They're all on the same team. The thing is that these are
• 53:38
  billionaires and billionaires can afford to get pressed and
• 53:42
  squeezed while the little man people like us have to suffer
• 53:47
  through it because this is because it's a big deal for us,
• 53:50
  because we are all in on Bitcoin and if this doesn't work for us,
• 53:54
  we don't have a backup plan. We don't have.
• 53:56
  We have a Mar a Lago, We don't have a $450 trillion backup
• 54:00
  company that is going to sustain our lifestyle.
• 54:04
  This is all we got. And they don't mind waiting.
• 54:09
  They don't mind the pressure. This is nothing for them, but
• 54:13
  they are winners. These are people who who have
• 54:16
  clearly made it some way financially in life and I don't
• 54:22
  think that they are going to let their bags go.
• 54:24
  I don't think that they're going to do that.
• 54:26
  I think that they are just being more patient than we are because
• 54:30
  they can, because they can afford it.
• 54:32
  And so we just have to be patient like them.
• 54:35
  We got to have the mentality of a winner right now.
• 54:38
  It's the time to hunker down, Keep stacking sats, double down,
• 54:42
  triple down. Do whatever you have to do to
• 54:45
  buy more Bitcoin and have more, have more sats today than you
• 54:49
  did yesterday. Stay solvent.
• 54:52
  Obviously, don't you know, do something stupid, but think like
• 54:59
  a winner. Think like a winner and you're
• 55:01
  going to have winner results. Bars.
• 55:05
  Yeah, I couldn't agree more. Wait, wait, wait.
• 55:07
  Dude, I'm totally I'm getting so cooked in the chat today.
• 55:10
  Why? Are you getting?
• 55:11
  I'm like not even reading the chat.
• 55:13
  You are getting so cooked. I don't care.
• 55:15
  I I love the chat. I love the chat.
• 55:17
  Yeah, guys, literally look, we are Bitcoin maxies, we're all in
• 55:22
  on Bitcoin. We're just looking, we're
• 55:24
  literally just watching the price and having fun and
• 55:27
  reacting to it. This is, this is all it is.
• 55:29
  It's nothing has changed. And further reading this
• 55:32
  political headline, obviously, first of all, we saw it come out
• 55:35
  of Reuters and Politico. And you got to remember these
• 55:38
  are they, they have their bent, they have their bias.
• 55:41
  And the fact that they're coming out and, you know, saying this,
• 55:44
  it really goes to show you first of all, you have to understand
• 55:48
  what these publications are really about and what they want
• 55:52
  the public to know. And so if they're saying, Hey,
• 55:56
  we, we need to have a global, you know, framework here so that
• 56:00
  we're all on the same page, because if we're not on the same
• 56:03
  page, then you guys might ruin the financial system.
• 56:06
  The stability of the financial system is, you know, about to
• 56:09
  happen because Bitcoin is going to be proliferate around the
• 56:11
  world. It just goes to show you that
• 56:13
  what we're doing actually does terrify the people in power.
• 56:18
  Yes, Bitcoin is a tiny, tiny, you know, global market cap
• 56:23
  compared to the entirety of the global market cap.
• 56:26
  But it just goes to show that what we do here as Bitcoiners,
• 56:31
  it really does have an effect and it really does terrify the
• 56:33
  people in power. And This is why we are
• 56:35
  Bitcoiners. This is why we believe Bitcoin
• 56:37
  and will continue to go up. Yes, we're we're trolling and
• 56:40
  having fun because Bitcoin is, you know, not not doing what we
• 56:43
  thought it would do, but we're bitcoins, we're all in our
• 56:46
  businesses. Bitcoin.
• 56:47
  We basically only live on Bitcoin like we are as Bitcoin
• 56:51
  as it gets. If, if we don't pass the purity
• 56:53
  test of being a bitcoiner, then I don't know who will.
• 56:56
  We are totally all in on Bitcoin riding the roller coaster, the
• 57:00
  price going down. It's just fun to, it's just fun
• 57:02
  to kind of troll and, and enjoy the time here.
• 57:05
  Guys like we, we're, we're not, we're not, we're not, we're not
• 57:08
  journalists here. We're propagandists.
• 57:10
  And this is entertainment. It's also fun to speculate for
• 57:13
  us because, you know, that's just what we do and we like to
• 57:17
  tap into the mind of our viewers and what everybody else is
• 57:21
  thinking. We're not gonna, you know, we're
• 57:23
  not professionals here. We're not journalists like.
• 57:26
  I am a professional journalist. I'm a professional.
• 57:28
  I have, I have credentials. I am actually.
• 57:31
  I don't the the podcast guys. Wait, no, yeah.
• 57:35
  You're not approved. Pod, what's it podcom?
• 57:38
  Podcom guys, they keep trying to, they keep trying to persuade
• 57:41
  me to become podcom, but I, I guess I keep ignoring them.
• 57:45
  So not podcast approved. I am just a simple YouTube
• 57:49
  Bitcoin propagandist. Anyways, let's keep this moving
• 57:53
  because we are seeing some interesting stuff happen in the
• 57:57
  repo market and I will try to break this down very simply so
• 58:00
  we kind of understand what's going on.
• 58:02
  But there there is, there is some liquidity problems going
• 58:06
  on, which I think is going to be for the proof that the money
• 58:10
  printer is about to turn on in force.
• 58:12
  Liquidity problems, liquidity problems.
• 58:16
  Interesting. Interesting.
• 58:17
  All right, we'll be right back after this last commercial
• 58:19
  break. I want to give a shout out to
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  Yo, First off, hold on. So before I cover this, the
• 1:00:26
  sentiment in the chat is very interesting.
• 1:00:29
  I don't know if you guys are following along, but sentiment
• 1:00:31
  in the chat is crazy. It's it's really fun right now
• 1:00:35
  you did you read about? Did you read the Toga party
• 1:00:37
  comment? I I saw that.
• 1:00:39
  I think we totally should have a.
• 1:00:41
  Toga, yeah. And then I'm also getting cooked
• 1:00:42
  on Rumble. But anyways, anyways, I'll I'll
• 1:00:44
  give you guys, I'll give you guys some signal here.
• 1:00:47
  No man, it's just funner. We're we're just having fun.
• 1:00:50
  Can we have some fun guys? Remember when Bitcoin used to be
• 1:00:53
  fun? Can we just have some fun?
• 1:00:54
  Can we just have some fun and? Forbid we have fun while the
• 1:00:57
  price is dumping. Yeah, seriously, God forbid we
• 1:01:00
  have some fun. If you don't go to Las Vegas in
• 1:01:03
  2026, you're a fake. Max.
• 1:01:05
  Be funner. OK, bro, I think we're going to
• 1:01:07
  be there. All right.
• 1:01:07
  All right. I don't know.
• 1:01:08
  I don't know the details yet, but OK.
• 1:01:11
  Anyways, Anyways, this is fun. I'm having fun.
• 1:01:13
  I don't know if you guys are having fun.
• 1:01:14
  I'm having fun here. This is fun.
• 1:01:16
  It's the studio. Yeah, I'm, I'm having fun, guys.
• 1:01:19
  This is this is what we were born.
• 1:01:21
  Look, this is literally how I was forwarded.
• 1:01:24
  It's like the Bane meme, like I was forged in the bear market,
• 1:01:28
  like you guys just adopted it. This is where I come back to
• 1:01:32
  life. Like what Sophie was saying
• 1:01:34
  earlier, you know, bitcoins feel has felt like a stable coin.
• 1:01:37
  And now that we get some volatility back in the market,
• 1:01:39
  it's like, OK, hey, I mean, it's not the volatility I want, I
• 1:01:42
  want it to go up, but at least we get some dumping action and
• 1:01:46
  it's fun again. I don't know, man, it's it's all
• 1:01:48
  right. Anyways, Anyways, enough of
• 1:01:49
  that, enough of that. This is some interesting stuff.
• 1:01:52
  So TFTC tweeted this this morning, but it really goes
• 1:01:56
  further. So there's this chart and he
• 1:01:58
  goes, regional banks are down materially versus the quote too
• 1:02:00
  big to fail banks this week. With the standing repo facility
• 1:02:03
  being tapped over the last two days to the tune of roughly $15
• 1:02:07
  billion, one has to wonder if another regional banking crisis
• 1:02:11
  is emerging. This is I remember wow, the
• 1:02:16
  silver was it silver? I'm I'm blanking on what it was
• 1:02:20
  silver silver gate. I think it was silver bank,
• 1:02:22
  silver gate. Anyways, whatever.
• 1:02:24
  And this is what he's talking about.
• 1:02:25
  So here's Kobayashi letter. I really like Kobayashi letter.
• 1:02:29
  They've been doing some incredible work, though they are
• 1:02:32
  more gold bugs. They're they're just like
• 1:02:33
  perpetually doomish on the dollar and they're really gold
• 1:02:36
  bugs. But they do give a lot of good
• 1:02:38
  signal and it goes breaking demand for the Feds reverse
• 1:02:42
  repo. RRP facility has fallen to 4.1
• 1:02:45
  billion, the lowest since April 2021.
• 1:02:47
  RRP key usage, one of the financial systems key excess
• 1:02:50
  liquidity metrics, has declined roughly $2.5 trillion since its
• 1:02:55
  December 2022 peak. Meanwhile, bank reserved at the
• 1:02:58
  Fed dropped below 3 trillion, a level that many Fed officials
• 1:03:00
  consider the red line between abundant and scarce resources.
• 1:03:04
  Such a low level constrained the financial system, making it
• 1:03:06
  harder for the banks to lend money and can cause spikes in
• 1:03:10
  market volatility or even bank failures.
• 1:03:12
  As a result, Fed Share Power just said that the end of QT may
• 1:03:15
  be approaching in the coming month as liquidity conditions
• 1:03:18
  tighten. Market liquidity appears to be
• 1:03:20
  at a critical level. And of course, this could be why
• 1:03:24
  we're seeing what we're seeing in the Bitcoin price.
• 1:03:26
  Bitcoin does react to usually global liquidity, but in in
• 1:03:31
  particular US liquidity. And if the banks are having
• 1:03:34
  seemingly liquidity issues, remember the last time we got
• 1:03:37
  the reverse repo markets to be drained like this?
• 1:03:41
  The Bitcoin price kind of got naked, you know?
• 1:03:44
  Sorry, phone's blowing up on me. We have some breaking news,
• 1:03:48
  actually. What do you got?
• 1:03:50
  But wait, wait, wait, actually, before you get to that, just to
• 1:03:52
  break this down, I saw this funny tweet, you know, for the
• 1:03:56
  42 Iqs like myself, I got to put in some terms that you get and
• 1:04:00
  someone did a tweet here. So I think you might like this.
• 1:04:03
  I I actually, you might not 'cause you're not a dude and you
• 1:04:05
  probably don't like Rick and Morty, but.
• 1:04:07
  I do like Rick and Morty. All right.
• 1:04:08
  Can you do a Rick? Can you do a Rick and Morty
• 1:04:10
  voice here? No, I I won't.
• 1:04:12
  I won't. I won't, Rick.
• 1:04:14
  Yeah, yeah, obviously. You gotta, you gotta stop saying
• 1:04:17
  that, that, that we're crashing, man.
• 1:04:19
  You're a bear. Market you're, you're being,
• 1:04:21
  you're being a total Dick right now, actually.
• 1:04:24
  That's pretty good, Marty. That's pretty.
• 1:04:26
  OK enough, enough of that. Let me let me read this tweet
• 1:04:28
  and then and then we'll get to the breaking news.
• 1:04:30
  So here is the way to explain this for you.
• 1:04:33
  If you're wondering like, what does the reverse repo market
• 1:04:35
  have? What does this even mean?
• 1:04:37
  It goes Morty, Rick. The Fed's reverse repo demand
• 1:04:41
  just crashed to the lowest since 2021.
• 1:04:43
  Doesn't that mean like no one's got spare cash left, Rick?
• 1:04:46
  Bingo. Wait, can I do?
• 1:04:48
  Rick, can I do do the whole thing?
• 1:04:49
  Can you do these voices? It's possible.
• 1:04:51
  Let's let's give it a try. Bingo, Morty, the RR PS like the
• 1:04:55
  market emergency Piggy Bank. And it's emptying faster than
• 1:04:58
  Jerry's confidence. So that's bad bad.
• 1:05:03
  It's terminally interesting. When liquidity dries up, the Fed
• 1:05:06
  doesn't tighten policy, it tightens reality.
• 1:05:09
  QT ending isn't bullish Morty, it's triage.
• 1:05:13
  So what happens next? Simple.
• 1:05:17
  They call stabilization, Pump liquidity back in and pretend
• 1:05:20
  it's strategy instead of survival.
• 1:05:23
  Yeah, I'm a fan, OK? I'm a fan of.
• 1:05:27
  Rick and Morty though your impersonations.
• 1:05:31
  No, my impersonation of Summer. Was kind of bad.
• 1:05:33
  Yeah. The summer 1 was great.
• 1:05:34
  The summer one was fired. Anyways, guys, as you can tell,
• 1:05:38
  there is liquidity issues going on in the reverse repo markets
• 1:05:43
  and the and the general liquidity that these banks are
• 1:05:46
  having. And as TFTC was saying, we're
• 1:05:50
  going to see what happened. One, we did see a huge
• 1:05:54
  liquidation last Friday and a lot of people have been
• 1:05:56
  speculating that we might be seeing some more banks blow up
• 1:06:00
  that we're speculating in the crypto markets that got
• 1:06:02
  liquidated last Friday. Now we're seeing it looks like
• 1:06:05
  there is a general regional banking crisis.
• 1:06:09
  So we might be seeing some some institutions floating down the
• 1:06:14
  river here. Soon, I know I'm not supposed to
• 1:06:16
  talk about it, but the ultimate recession indicator happened.
• 1:06:21
  Last night. The ultimate recession
• 1:06:23
  indicator, and I know you all know what I'm talking about.
• 1:06:25
  No, we don't. I am talking about the
• 1:06:28
  Victoria's Secret Fashion Show. There has not been a famous
• 1:06:32
  supermodel since 2015, and that is the true recession indicator.
• 1:06:38
  You know, all the models last night, I think we're like over
• 1:06:41
  30. Wow, depression, not a
• 1:06:45
  recession. Crazy.
• 1:06:48
  That's crazy. This is the Victoria's Secret
• 1:06:50
  Fashion Show. OK.
• 1:06:52
  Like I'm sorry, I know I'm not allowed to talk about it, but
• 1:06:55
  I'm talking. About it, I mean, honestly, I
• 1:06:57
  just, I don't, I'm not buying it, Sophie.
• 1:07:00
  I don't know. That's cuz you didn't watch.
• 1:07:02
  That's cuz you didn't see what I saw.
• 1:07:04
  I don't. I don't.
• 1:07:05
  I mean, hey, look, it's not, it's not too much of an ass to
• 1:07:09
  have me watch Pretty Women, Sophie, but I do not watch this
• 1:07:13
  as a recession indicator. I guess I'm more of a nerd now.
• 1:07:16
  I'm I'm watching Twitter macro talks instead of Victoria's
• 1:07:19
  Secret runway models. Then the real recession.
• 1:07:22
  Wow, wait wait, I'm such a boomer.
• 1:07:24
  Then the real recession indicator is that we don't care
• 1:07:27
  about the Victoria's Secret Fashion Show.
• 1:07:29
  Now we have moved on to other certain websites that I was on.
• 1:07:34
  A yo, hey, hey yo Sophie. This is a family friendly show.
• 1:07:41
  Indicator, I'm telling you this is this is bad.
• 1:07:45
  And that means, oh, and we should probably bring up that
• 1:07:49
  there was a Forbes article, I believe that said there may be
• 1:07:55
  another rate cut. Oh, no, I think rate cuts are
• 1:07:58
  like locked in. I'm I'm like.
• 1:08:00
  At the end of at the end of October, they're reporting on
• 1:08:03
  October 29th. I think it'd be November.
• 1:08:06
  Oh well. I I.
• 1:08:07
  Think, said the October 20. 9th I think rate cuts are like,
• 1:08:10
  damn, they're inevitable. It's just really how big are
• 1:08:13
  they going to be and how many other going to be it's I think
• 1:08:16
  those are locked in. I, I'm pretty sure we can be
• 1:08:20
  fairly convinced that they're going to happen again with these
• 1:08:23
  reverse repo markets as, as, like the tweet was saying and as
• 1:08:28
  we've been covering on the show, you can look at this as a, as a
• 1:08:30
  way that banks kind of put their excess liquidity and they're
• 1:08:35
  being dried up. And So what interest rates will
• 1:08:38
  eventually do is, is going to expand money supply.
• 1:08:40
  They want to make money cheaper, the rate to lend and invest.
• 1:08:45
  They want that to lower because there is global liquidity
• 1:08:48
  problems right now. Like we covered the other day,
• 1:08:51
  you know, Argentina just got bailed out with a $20 billion
• 1:08:54
  currency swap. It actually turned out it was 40
• 1:08:57
  billion because of like private equity and stuff.
• 1:09:00
  And then today we also saw that South Korea is looking for one.
• 1:09:05
  So it's looking like the US is doing kind of like surgical
• 1:09:10
  liquidity inputs into countries that are bending the knee right
• 1:09:13
  now. So it's not just that regional
• 1:09:16
  banks in the US are having liquidity problems.
• 1:09:18
  It's basically every country in the world is having liquidity
• 1:09:21
  problems right now because it it's all based on the dollar.
• 1:09:25
  And if we don't have enough dollars to go around and other
• 1:09:27
  countries are looking for dollars, what do you think
• 1:09:30
  they're going to do if they're going to try to create more
• 1:09:32
  dollars, guys? So I know we were covering this
• 1:09:34
  yesterday, yesterday and we were saying isn't this bad for
• 1:09:37
  Bitcoin because it's going to destroy our purchasing power.
• 1:09:39
  Yes, 100%. But as we all know with more
• 1:09:42
  global liquidity means asset prices are going to have to go
• 1:09:45
  soaring. So even though we are seeing
• 1:09:48
  Bitcoin kind of dump right now, everything is pointing towards
• 1:09:53
  they're gonna, they're gonna destroy the purchasing power of
• 1:09:56
  Fiat currencies. It's already destroyed.
• 1:09:58
  It's already destined for destruction because of the way
• 1:10:02
  that it's set up. Yeah, 100%.
• 1:10:03
  So it goes to the they can't stop this train, which means
• 1:10:07
  they're going to continue to destroy the purchasing power,
• 1:10:11
  which means you need some Bitcoin, don't buy gold or
• 1:10:13
  silver, you need Bitcoin. This is this is the winning play
• 1:10:16
  here. So anyways, that's all I got for
• 1:10:20
  you, no? Wait, we have.
• 1:10:21
  One Well, this is this isn't even breaking news, Sophie.
• 1:10:25
  This isn't breaking news. Speculation.
• 1:10:28
  It is speculate. This is not This is fake news.
• 1:10:32
  You think I don't know? I guess we'll see tomorrow.
• 1:10:34
  All right, well, everyone's wondering what is the breaking
• 1:10:36
  news? OK, I'll pull it up, but
• 1:10:38
  Sophie's out here freaking speculating.
• 1:10:40
  And broke because if this happens, if this happens, at the
• 1:10:45
  very least, I think we might recover from this little.
• 1:10:49
  Place guys. So Sophie still needs to get
• 1:10:52
  trained in what what is good propaganda and what isn't.
• 1:10:58
  But Kaushi is tweeting and everyone is actually speculating
• 1:11:02
  on Twitter that they saw Sailor was in Austin and there's rumors
• 1:11:07
  that Sailor is going on Joe Rogan.
• 1:11:10
  Why else would he be? In I don't know, but the odds
• 1:11:12
  are going very high. So Michael Sailor reportedly
• 1:11:16
  went on Joe Rogan yesterday and the Kaushi traders are saying
• 1:11:20
  it's a 90% chance that Sailor is on Rogan.
• 1:11:25
  I'm sure if this does happen and we do this, see this kind of
• 1:11:29
  play out, so you might be right, they might have saved the bull
• 1:11:32
  run. Yeah, yeah.
• 1:11:34
  I'm listen, I'm a faithful woman and I believe that this this
• 1:11:41
  could be a really, really big game changer if this.
• 1:11:44
  Wait, someone says it's not breaking news?
• 1:11:46
  You guys have ruined it. OK, whatever, I don't care.
• 1:11:50
  Is this. Are you still watching though?
• 1:11:52
  Are you not entertained? I'm having fun.
• 1:11:55
  I'm having a great time. But anyway, guys, I think we're
• 1:11:59
  going to start to wind down. Yeah, now show's over, guys.
• 1:12:03
  Show's over. I'm look guys, I am so
• 1:12:06
  caffeinated right now. I'm on a cold medicine.
• 1:12:10
  I think I got over my cold. I don't know what's going on
• 1:12:13
  here. I, I, I switched my AC settings
• 1:12:15
  the other day. So if I lowered it, 'cause I was
• 1:12:17
  just like melting at home and I I think it's messing with me.
• 1:12:21
  So guys we are running here you. Gotta take more Tylenol.
• 1:12:24
  I I do, I, I don't know, I don't know if I can deal with more
• 1:12:28
  Tylenol guys, but yeah I gotta run I need to go eat some
• 1:12:31
  chicken soup or something cuz I'm dying today guys but I think
• 1:12:35
  I'm good so I'll be here tomorrow guys.
• 1:12:37
  I know you guys want Sophie and everyone but me cuz you guys are
• 1:12:41
  calling me a bear now but I'll be here tomorrow.
• 1:12:44
  You're stuck with me guys. Sorry, not so sorry.
• 1:12:46
  This is Opti is a feature, not a bug on this show.
• 1:12:49
  You are. Also stuck with me so we're
• 1:12:52
  going to be together all week. Yeah.
• 1:12:56
  Next week also. RIP me, RIP me anyways guys,
• 1:13:00
  thank you so much for coming. Of course we'll be back
• 1:13:02
  tomorrow. We go live Monday through Friday
• 1:13:05
  roughly 1230. OK 12:30-ish.
• 1:13:08
  I know it says 12/15. You know, come chill with us and
• 1:13:12
  I'm gonna do some things. I, I gotta, you know, since we
• 1:13:14
  got the new studio, I am working on doing some stuff behind the
• 1:13:18
  scenes for the stream. I, I, I'm working on some, you
• 1:13:22
  know, new new tools, streaming softwares and stuff to make to
• 1:13:25
  make this a little more interactive for you guys.
• 1:13:28
  Let's not do too many sneak peeks here.
• 1:13:30
  Just know just know I am actively working on updating the
• 1:13:35
  stream for you guys. Hopefully you know, I got to
• 1:13:39
  convince Nico a little on a little couple of things here and
• 1:13:42
  there, but yeah, we're we're going to constantly be updating
• 1:13:46
  this for you guys because this this isn't all we want to do
• 1:13:49
  here. Just have a cool studio.
• 1:13:50
  I want to make sure we have the best stream for you guys.
• 1:13:52
  So on that note, we will be back tomorrow.
• 1:13:55
  Last show of the week for us here at SB live, but go check
• 1:13:59
  out our channel. We are dropping more content.
• 1:14:02
  Uh oh, can you guys hear that? Hopefully I'm getting I my do
• 1:14:05
  not disturb. My do not disturb button is is
• 1:14:09
  over. Anyways guys, I will see you
• 1:14:11
  tomorrow. Smash the like button, share the
• 1:14:13
  show with your friends, and don't forget to stack more Sats
• 1:14:16
  today than you had yesterday. Take advantage of this dump and
• 1:14:20
  tell your friends you love them and your family too.
• 1:14:23
  Do we even have any? Does anyone even have any Fiat
• 1:14:25
  left is the real question. Anyways, on that note guys,
• 1:14:28
  peace out. Yeah, we will see you tomorrow
• 1:14:31
  or go. Go.
• 1:14:31
  What do you got? What?
• 1:14:32
  Do you got? I can print it, so can you.
• 1:14:35
  No, no, no, no, no. You.
• 1:14:39
  No selfie. No.
• 1:14:41
  OK, on that note, we are out of here.
• 1:14:46
  Peace out. Bye.
• 1:14:47
  Today's episode was brought to you by bitcoinwell.com, a
• 1:14:51
  Bitcoin only platform on a mission to enable financial
• 1:14:54
  independence.