Latest / Simply Bitcoin / Why Did The Bitcoin Price Go Up? | EP 859

Transcript

Why Did The Bitcoin Price Go Up? | EP 859 · Simply Bitcoin

• 0:16
  It's. All going to zero against
• 0:19
  Bitcoin. It's going on.
• 0:21
  Forever you're. Against Bitcoin, you're against.
• 0:31
  Freedom. Yo, good morning everybody.
• 0:36
  We're back. It's Thursday, November 2nd, the
• 0:38
  year 2023 and as you can see. We're not going to really
• 0:43
  speculate on where the price is going.
• 0:45
  We're going to cover why we believe the Bitcoin price is
• 0:49
  going up. There's a new meme on the market
• 0:53
  in the Bitcoin twittersphere of flight to quality.
• 0:57
  Is it the halving? Is it people concerned about
• 1:00
  inflation? Is it a gamma squeeze?
• 1:04
  Maybe it's all of the above, but as we all know, as humans like
• 1:08
  to pinpoint certain things. To make us feel better about
• 1:11
  what is going on in the market, Anything.
• 1:14
  Anyways, one thing is for sure here, the Bitcoin price is
• 1:18
  getting frothy as we are moving into the early stages of a bull
• 1:23
  run. I hope you've been stacking.
• 1:25
  I hope you continue to stack. I hope you're taking your
• 1:27
  Bitcoin into cold storage, because it's going to be a fun,
• 1:32
  fun ride the next. A few years, I'd say two years,
• 1:35
  18 months after the having, it's going to be a it's going to be a
• 1:38
  great, great 2025. I think 2024 is going to be even
• 1:41
  better. Just moving up, slow grind and
• 1:43
  just seeing everyone in disbelief as Bitcoin rises from
• 1:47
  the ashes. Anyways, we got some videos, we
• 1:51
  got some news, we even got an awesome guest.
• 1:54
  Absolutely love our guest today. So of course guys, welcome to
• 1:58
  Simply Bitcoin. We are your number one source
• 1:59
  for the peaceful Bitcoin revolution.
• 2:01
  We cover breaking news, culture, mimetic warfare.
• 2:03
  We bring on bit corners from all around the world, from the
• 2:05
  biggest names to the everyday can, I guess badass bit corners.
• 2:13
  We got them all. We will be your guide through
• 2:15
  the separation of money and state.
• 2:18
  Of course I'm not alone. I got my boy Ruston Ruston.
• 2:22
  Good to have you on the live show bro.
• 2:24
  You've been killing it on the YouTube timeline in the original
• 2:29
  Simply Bitcoin content and good to have you bro.
• 2:33
  Last time we were on we hit all time high live viewers, so
• 2:37
  hopefully we can maintain that streak.
• 2:40
  But how you doing? What are we covering on the news
• 2:42
  today, bro? Well, Ruston's covering the news
• 2:45
  today, so you know, it's going to be highly regarded and
• 2:48
  bullish, but we got a guest here that's mine to help me bring it
• 2:50
  back down or he's just going to amplify it.
• 2:52
  We'll see. But we got a lot of fun coming,
• 2:55
  a lot of great news. Clown World continues to
• 2:59
  devolve, but also that's very bullish for Bitcoin.
• 3:03
  I don't know, we got some big news from Fidelity basically
• 3:06
  says, you know, bitcoins, gold, but like 10,000 X better.
• 3:10
  So we're going to talk about that.
• 3:11
  They have some projections. And we're just going to totally
• 3:14
  trash clown world and the I don't know, man, I I smell oh
• 3:19
  that that that's AI smell. A flight to quality and a a hint
• 3:23
  of hyperinflation in the background.
• 3:26
  So let's get the hell after it today, Opti.
• 3:30
  Yes, yes, yes. And there's everyone saying
• 3:32
  actually guys we we actually will be touching on some
• 3:35
  treasuries today. Yes, I know flight to quality
• 3:38
  meme is strong with everyone macro macro macro macro and and
• 3:42
  guys, yeah, the spaces I I have to refocus my energy to handle
• 3:47
  other stuff on Twitter. So for the time being there will
• 3:50
  be no spaces tomatoes hold your tomatoes.
• 3:53
  I know, I know, I know. We'll get them back as soon as
• 3:55
  we can, soon. Hopefully soon guys, but in the
• 3:58
  meantime, you're going to have to hang out with us on YouTube
• 4:00
  anyways. Shouts out to our guests, the
• 4:03
  one and only Dom Bey. I am super excited about this
• 4:09
  one. Dom Bey, We hung out at Pacific
• 4:12
  Bitcoin. Absolute Legend in my eyes.
• 4:14
  Super cool dude and also has an absolutely great Bitcoin story.
• 4:20
  And we're we're going to cover all that.
• 4:21
  And he's working, he's working on an awesome project.
• 4:23
  So Dom, how are you doing this morning?
• 4:25
  Good to have you, bro. Hey, I don't know what you guys
• 4:27
  are talking about. What's Bitcoin?
• 4:29
  I'm just a paid actor here that Simply put me up.
• 4:32
  There. Don't say that.
• 4:34
  No, I am. I am.
• 4:35
  I am 100% kidding. Y'all know who's in the house.
• 4:39
  What's up dude? I'm so pumped to be on the show
• 4:41
  and dude. We brought Dom for the eye
• 4:45
  candy. Come on, look at that.
• 4:47
  Look at. That.
• 4:48
  Yeah, Chad Dombey on the show. Yeah, dude.
• 4:52
  Nah, man. Just good to be on here.
• 4:54
  There's tons of news swirling right now.
• 4:55
  There's tons of stuff in the works.
• 4:58
  You know, I do have an interesting orange pill story,
• 5:01
  so I can dive into that. And yeah, dude, let's rock this.
• 5:05
  Yeah, yeah, we'll, we'll do the The Orange Pill story during the
• 5:08
  culture. But Dom, before we go in, tell
• 5:11
  people the project that you're working on.
• 5:14
  Yeah, so I started a nonprofit called Proof of Workforce.
• 5:18
  It's a 5O1C4 nonprofit. And our mission is very simple.
• 5:23
  We want to find the bitcoiner in every workers like group, union,
• 5:28
  organization, and then give that worker the tools and resources
• 5:33
  to bring Bitcoin to their group, their crew, etcetera.
• 5:37
  And and we want to get, we want to orange peel every worker.
• 5:40
  We think that Bitcoin is pivotal right now for workers all over
• 5:45
  the world, especially those who trade their precious time for
• 5:48
  money. We want them to find Bitcoin not
• 5:51
  just in the near term but in the long term and help them build
• 5:53
  things out for their their folks.
• 5:56
  So that is the mission of our non profit.
• 5:59
  We're working like around the clock.
• 6:00
  We have a lot of groups that are starting to adopt Bitcoin and
• 6:05
  it's it's going really well. So really blessed to just, you
• 6:08
  know, have this, this mission and incredible people helping
• 6:11
  out. Love to hear bro.
• 6:13
  Yeah, as as someone that also came from a blue collar family,
• 6:17
  this is always like the thing I try to harp on with my friends
• 6:20
  and family as well. It's like this is not for you
• 6:23
  know the the big investors here. This is this is for the everyday
• 6:27
  person and this is what I try to get across to everyone that has
• 6:31
  this conversation with me. I I think the layman needs
• 6:34
  Bitcoin more than anyone else if they are going to make it
• 6:37
  through this great retransition reset.
• 6:42
  Decision What is a great reset anyways?
• 6:44
  Anyways, we'll talk about that during the culture guys.
• 6:46
  Let's get into the show. We got a good one for you.
• 6:52
  The Bitcoin numbers. Is your Bitcoin and cold storage
• 6:56
  really secure? Is your seed phrase really
• 6:59
  secure? Stamp seeds?
• 7:01
  Do it yourself. Kit has everything you need to
• 7:03
  hammer your seed words into commercial grade titanium plates
• 7:08
  instead of just writing them on paper.
• 7:10
  Don't store your generational wealth on paper.
• 7:14
  Papers prone to water damage. Fire damage.
• 7:17
  You want to put your generational wealth on one of
• 7:19
  the strongest metals on planet earth, Titanium.
• 7:22
  Your words are actually stamped into this metal plate with this
• 7:25
  hammer and these letter stamps. And once your words are in, they
• 7:28
  aren't going anywhere. No risk of the plate breaking
• 7:31
  apart and pieces falling everywhere.
• 7:34
  Titanium stamp seeds will survive nearly triple the heat
• 7:37
  produced by a house fire. They're also crush proof,
• 7:40
  waterproof, non corrosive, and time proof.
• 7:42
  All things that paper is. Not allowing you to huddle your
• 7:45
  Bitcoin with Peace of Mind for the long haul.
• 7:48
  Stamp your seed on stamp seed. All right guys, you already know
• 7:53
  we made it easy for you guys. Scan the QR code there.
• 7:57
  Make sure your seed phrase is not in your software or on a
• 7:59
  piece of paper. Now is the time to secure your
• 8:03
  backup to make sure your Bitcoin is safe and cold storage anyways
• 8:08
  guys. Here we are over here of course
• 8:10
  on Clark Moody's dashboard. So we're going to cover some
• 8:12
  numbers. I actually added a new number on
• 8:14
  here for you guys considering today's topic, but we'll get to
• 8:17
  that at the end. Anyways, my favorite number, the
• 8:20
  block height. We are currently at 814,984 Tik
• 8:25
  toking next blocking towards the halving roughly.
• 8:29
  Around April of next year, let's hope we can get that that meme
• 8:32
  number. That would be hilarious.
• 8:33
  Life is meme, so we'll we'll see what's happening.
• 8:35
  Anyways, the current Bitcoin price is $34,450 or 440.
• 8:40
  Oh, it's dumping $34,440 in. Fiat cut bucks the current
• 8:47
  Moscow time, AKA how much Bitcoin you can buy for a single
• 8:50
  dollar, AKA how much your Fiat dollars worth in Bitcoin is.
• 8:53
  Currently at 2903 SATS per dollar, the total percentage of
• 8:58
  Bitcoin that will ever be issued finally hit 93%.
• 9:02
  Guys. That means only 7% of all
• 9:05
  bitcoins that will ever be created, 7% of the 21 million,
• 9:09
  will get unleashed until 2140 mile people.
• 9:15
  People are sleeping anyways. That's a totally other
• 9:17
  conversation. The current market cap in Fiat
• 9:20
  terms is $673.2 billion. The realized monetary inflation
• 9:24
  taking Fiat currencies of school is at 1.74%.
• 9:27
  The Bitcoin versus gold market cap is currently at 5.09%, only
• 9:31
  5% of the gold market cap. And if you remember, that's $10
• 9:34
  trillion guys, so there's still so much room anyways, the total
• 9:37
  lightning capacity, total public lightning capacity is currently
• 9:40
  at 5292.5 BTC. The hash rate the last 90 days.
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  Is 414.2 exa hashes the pending fees, is 1.79 BTC at least to
• 9:52
  the mempool and the last number I added guys at least for the
• 9:56
  the context of today 25,000 and 16 blocks, tilde having roughly
• 10:02
  going to be around April 21st 2024 or maybe the meme number
• 10:06
  maybe. Maybe the blocks will come in a
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  little quicker than than we believe anyways.
• 10:12
  On today's topic, before you guys keep telling us that we're
• 10:15
  click baiting you, yes, we know what we're doing over here on
• 10:17
  YouTube. This is a feature, not a bug.
• 10:19
  It is to get people on the show clicking and falling down the
• 10:24
  rabbit hole. Wait, hold on.
• 10:25
  What am I? What am I afraid of?
• 10:27
  Nate? What?
• 10:28
  Tell me, what am I? What am I afraid of in the chat?
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  Anyways, we are seeing a new meme come out and.
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  It is flight to quality. Now I know a lot of us are
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  thinking currently we we like to read into things in it and it
• 10:44
  really does feel at least from a Bitcoin perspective that Bitcoin
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  is the quality. Rustin will bring you up to
• 10:50
  speed in regards to bonds. And actually on that note, I
• 10:53
  will be having a conversation with CJCJK.
• 10:56
  I I forget your last name. I don't want to butcher you
• 10:58
  right now, but we'll have at TTO on Tuesday and we're going to be
• 11:01
  talking all about bonds for you guys and what's going on in the
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  market. So we'll keep this conversation
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  going for you guys, but. We are seeing that the Bitcoin
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  signal is spreading. We've been talking about that
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  all year. The public consciousness in
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  regards to what Bitcoin is is starting to raise.
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  And you know me, I have a simple meme.
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  The Bitcoin price is a real time metric of people's understanding
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  of Bitcoin and hey, we're at 34 K What is causing the Bitcoin
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  price to go up? I would say, you know, it's
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  simple supply and demand. People are starting to
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  understand why they need to hold Bitcoin.
• 11:34
  And on that note, Steven Lubka continues to double down on the
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  meme flight to quality. And of course, the Bitcoin
• 11:39
  skeptics out there, they're like, it's not a flight to
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  quality, it's a gamma squeeze. It's, you know, the halving,
• 11:45
  it's inflation concerns. We'll we'll cover all of that at
• 11:47
  the end of this bit. But first and foremost, we got
• 11:51
  this guy, Mohamed El Reign, a former CEO of PIMCO, saying what
• 11:57
  we know to be the truth out there and saying it on corporate
• 12:01
  press. And I know we believe.
• 12:04
  That independent content creators are the new media, but
• 12:07
  for some reason your parents, your friends, they still believe
• 12:11
  the guy on the TV. So the signal is spreading.
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  And I even have a Bloomberg article here guys.
• 12:17
  They are connecting the halving with a bull run.
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  So the signals going out there now what exactly is causing the
• 12:23
  Bitcoin price to go? People need to find a safe
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  haven. Asset to store their value.
• 12:29
  Anyways, let's watch these couple of clips and we will
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  connect the dots for you. You know there's been two big
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  puzzles and they speak to how unsettling the volatility in the
• 12:39
  US Treasury has been. One is you haven't had it been
• 12:43
  the safe haven. We haven't seen the flight to
• 12:45
  quality and the flight to safety that you would expect given
• 12:49
  what's happening in the world. The second thing that's that's
• 12:52
  equally counterintuitive is you have people talking about.
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  Bitcoins about equity being the safe asset because they've lost
• 13:00
  confidence in government bonds being the safe assets because of
• 13:05
  the nature of this interest rate.
• 13:08
  So yes, it should be the safe haven.
• 13:11
  It should have already benefited, but the reality is
• 13:14
  that the near yield today is a gutentine basis points higher
• 13:18
  than it was before this latest conflict erupted.
• 13:21
  You know, there's been, well, just love to hear it, just love
• 13:23
  to hear that we are continuously showing the world that Bitcoin
• 13:28
  is the safe haven asset, truly the only risk off asset in the
• 13:33
  world. And let's not forget that.
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  What was this two weeks ago, Larry Fink said the very same
• 13:40
  thing. Now this was in regards to the
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  the fake, you know, ETF premature announcement.
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  But I think the signal is spreading.
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  Or maybe we're meaning this into reality.
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  Maybe in real time the the Larry Finks of the world and the asset
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  manager of the world are meaning what we've been saying for
• 14:00
  forever. That Bitcoin is the quality.
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  Bitcoin is the safe haven asset and if you are holding melting
• 14:07
  ice cubes, whether that be Fiat currencies, whether that be
• 14:10
  treasuries, you need to have some Bitcoin.
• 14:13
  So let's just refresh ourselves here and then remember what
• 14:15
  Larry Fink said about Bitcoin being the flight to quality.
• 14:18
  This rally is way beyond the rumor.
• 14:20
  I think the the rally today is about a flight to quality with
• 14:24
  all the, you know, all the issues around the Israeli war
• 14:29
  now. Global terrorism and I think
• 14:32
  there's more people running into a fight.
• 14:35
  The quality, whether that is Treasury's gold crypto depending
• 14:39
  on how you think about it and I believe crypto will play that
• 14:42
  type of role as a flight to quality.
• 14:45
  This rally is remember though guys, Larry can't actually say
• 14:50
  Bitcoin for whatever reason, for whatever legal reasons.
• 14:53
  So anytime he says crypto, he is talking about Bitcoin and look
• 14:58
  for the average person out there.
• 15:00
  The flight to quality is Treasuries.
• 15:02
  It is gold. Us bitcoiners believe otherwise.
• 15:05
  We think Bitcoin is the safest asset to be holding.
• 15:08
  It's the truly risk off asset, yes for.
• 15:12
  The beginning of Bitcoin, it's still very young.
• 15:14
  It still kind of moves with global liquidity.
• 15:16
  It still kind of has some kind of parallels to S&P 500.
• 15:21
  But there will be a great decoupling moment soon and I
• 15:25
  think we're starting to see the beginning of this and whether
• 15:27
  this is this bull run or rather this next cycle.
• 15:31
  We are seeing that more and more people are waking up to what we
• 15:34
  believe as bitcoiners and again just doubling down and and
• 15:37
  bringing the receipts. Guys like this dropped on
• 15:39
  Bloomberg this morning and you know say what you look, I'm the
• 15:42
  first one to talk shit on corporate press, but people
• 15:47
  still read Bloomberg. Bloomberg is still the financial
• 15:50
  website of all of the General. Market of asset either investors
• 15:57
  or managers and look what they're saying here guys.
• 15:59
  Look at this headline what is Bitcoin having and does it push
• 16:02
  up the cryptocurrencies price? And I'm not going to read this
• 16:05
  article, but it does a fairly decent job at explaining the
• 16:08
  halving and the fact that usually, at least historically,
• 16:12
  18 months after the halving while the supply of Bitcoin.
• 16:16
  Starts to shock and people start to realize, Oh my God, there's
• 16:20
  less Bitcoin being made. Now I probably need to get some
• 16:23
  and some simple supply and demand economics go into play.
• 16:27
  The price starts to rise, so the signal is spreading.
• 16:30
  But most bitcoiners right now on Twitter are saying that none of
• 16:35
  this has anything to do with the price movement.
• 16:37
  It's not about BlackRock ETF. It's not about people going
• 16:41
  flight to say, or flight to quality.
• 16:43
  What actually happened was a gamma squeeze.
• 16:46
  And look, I am no bond trader, I don't do futures.
• 16:50
  So you know, I'm reading and learning about this in real time
• 16:54
  with you guys. But we do have a historical
• 16:57
  precedent of this. Remember what happened with
• 16:58
  GameStop and this article here, this is on NASDAQ.
• 17:02
  Well, it's really from The Motley Fool, but it's kind of
• 17:03
  explaining to all this layman what a gamma squeeze is.
• 17:07
  So here we go, What is a gamma squeeze?
• 17:09
  And invest. A squeeze typically refers to
• 17:11
  times when rapid price movements in a company stock or a
• 17:14
  commodities price force investors to make changes in
• 17:17
  their investment positions that they otherwise wouldn't.
• 17:19
  Those force moves often drive even more price changes and
• 17:22
  force moves, creating a nasty feedback loop that can last
• 17:25
  quite a while before it crashes. One of the more common types of
• 17:28
  squeezes, known as a short squeeze, when a rising stock or
• 17:31
  commodity price forces people who have sold the stock short to
• 17:34
  buy back those shares, driving stock prices higher.
• 17:37
  Related to the short squeezes, something knows.
• 17:39
  As a Gamma Squeeze and Gamma Squeezes can take things one
• 17:43
  step further, forcing additional buying activity due to open
• 17:47
  option position on the underlying stock, a Gamma
• 17:49
  squeezes behind the large part of the recent meteoric rise in
• 17:54
  the share price of GameStop. I'm sure we're all fairly aware
• 17:57
  with what happened with GameStop anyways, fast forwarding to what
• 18:00
  we've been seeing on Twitter lately.
• 18:03
  Shouts out to Alex Thorne. What's his company?
• 18:06
  He is at head of firm wide research at Galaxy headquarters,
• 18:09
  Galaxy Research. And so he was covering this.
• 18:12
  So the Bitcoin gamma squeeze from last week could happen
• 18:14
  again if Bitcoin USD moves higher to 35 to 35.75 K to 36 K
• 18:21
  options dealers will need to buy $20 million and spot Bitcoin for
• 18:25
  every 1% upside move, which could cause explosiveness if we
• 18:30
  begin to move up towards those levels when dealers are short
• 18:34
  gamma and price moves up. Or when they are long gamma and
• 18:36
  price moves down, they need to buy spot to stay delta neutral.
• 18:40
  Last week's expiries will dampen potential explosiveness, but
• 18:44
  it's still in play compared today's gamma profile to last
• 18:47
  week's. And thanks to Amber Data IO for
• 18:51
  helping us calculate this. So what's all this mean for us
• 18:53
  guys? It just means there's more
• 18:56
  demand for spot Bitcoin, whether that is the BlackRock ETF,
• 19:00
  whether that that's them preparing for their their ETF
• 19:03
  announcements, whether that's happening this year or next
• 19:05
  year, early next year or whether it is flight to quality.
• 19:10
  Because there is inflation concerns, there is cracks in the
• 19:13
  bond market, there is concerns over Jay Powell and raising
• 19:17
  interest rates. This is the perfect storm for an
• 19:21
  epic, epic bull run. And So what is the cost of
• 19:25
  Bitcoin? I'm sure we will never know
• 19:27
  exactly all we know for sure, 21 million hardcap and more and
• 19:32
  more attention going to Bitcoin. There's only so much Bitcoin out
• 19:35
  there, guys. As we shown you in the numbers,
• 19:38
  93% of all Bitcoin has been mined that will ever be mined.
• 19:41
  Most of the Bitcoin is in cold storage, which means most people
• 19:45
  that are still in the market know exactly what they're
• 19:48
  holding they. Stand the value of their
• 19:50
  Bitcoin. And so it's going to take a lot
• 19:52
  of money. That's going to take a hotter
• 19:54
  buyout zone. There's going to need a pretty
• 19:56
  penny for you guys to drop your sat.
• 19:59
  So This is why we always tell you guys take your Bitcoin into
• 20:02
  cold storage if you are new to the channel.
• 20:06
  And you just happen to find us because you YouTube, why did the
• 20:10
  Bitcoin price go up? Guys, we are telling you now
• 20:13
  this is going to get frothy. This next year or two is going
• 20:16
  to get crazy. I am under the the view that the
• 20:20
  last bull run got cut off short and I think this next bull run
• 20:23
  is going to compound and it's going to get even crazier.
• 20:26
  So if you're here today, you have the asymmetric knowledge
• 20:30
  and the understanding that, wait a minute, this is going to get
• 20:34
  crazy, I need to have some Bitcoin just in case it catches
• 20:37
  on. And then in the news, Ruston's
• 20:39
  going to go over some of the bond math out there for you
• 20:41
  guys, show you some of these numbers.
• 20:43
  So we're going to give you guys a full debt today, a full stack
• 20:47
  on what's going on in the Bitcoin market.
• 20:49
  But for you guys out there, all you need to know is buy Bitcoin
• 20:52
  constantly, always be buying Bitcoin.
• 20:55
  I don't know what your money is. I don't know what your cash flow
• 20:58
  is, but every week, every other week, every month, even your
• 21:02
  excess beer money, it should be going into Bitcoin.
• 21:04
  You should be taking it off exchange, putting in the cold
• 21:07
  storage, make sure your seams backed up on something that is
• 21:10
  indestructible. And moving forward, you're going
• 21:14
  to be very happy by being a bitcoiner and we're seeing, I
• 21:18
  think. I think the theme here though,
• 21:20
  is what we've been covering all year.
• 21:23
  The public consciousness around Bitcoin and the education levels
• 21:26
  around Bitcoin are are increasing a lot.
• 21:28
  And more and more people are understanding that, Oh my
• 21:31
  goodness, there is a problem in the Fiat world and I need a
• 21:36
  solution. And we believe the solution is
• 21:38
  simply Bitcoin. Yes, Wondershare, this is Moon
• 21:41
  Boy math. We're we're we're setting the
• 21:44
  stage for the Moon Boy math. Anyways, Ruston, what's your
• 21:47
  thoughts on this? And then we'll go to Dom.
• 21:49
  OK. So I'm going to go remember we
• 21:51
  were talking this morning, meet you and Nico and it was like
• 21:54
  diminishing returns. And I, I, I typically have
• 21:58
  thought, but I, I'm taking a contrarian here.
• 22:01
  All right. So typically in the investment
• 22:03
  world because, well, they can, you know, increase the supply of
• 22:06
  stocks or gold money, whatever it may be, you can dilute it and
• 22:13
  there will be diminished returns.
• 22:14
  But Bitcoin is a finite supply asset.
• 22:18
  I I firmly believe like if we go back to two 2009 White Paper day
• 22:22
  which we just had based on its fundamentals, based on its
• 22:27
  monetary properties, Bitcoin was designed to win 100% XX.
• 22:36
  Ruston's got you covered on this on this topic.
• 22:39
  Oh, now I see it. China and Japan are done with
• 22:41
  U.S. Treasuries.
• 22:42
  We got that coming up. OK.
• 22:44
  Sorry Opti, didn't know what you're talking pointing me to.
• 22:48
  But the the all right, bigger numbers mean bigger numbers with
• 22:51
  Bitcoin. First off.
• 22:53
  Now what was the excuse about Bitcoin and all these big guys
• 22:56
  that couldn't get in right because Bitcoin wasn't big
• 22:59
  enough? Now Bitcoin is big enough and
• 23:02
  now you have BlackRock themselves.
• 23:04
  That said, 200 or 300 billion could flood into Bitcoin with an
• 23:07
  approval. You have 12 spot ETFs awaiting
• 23:10
  approval. You have macro calamity in the
• 23:12
  background. We're talking about that in just
• 23:14
  a minute. But eventually bigger numbers
• 23:17
  force bigger players to put bigger numbers into Bitcoin.
• 23:21
  OK, so now the hedge funds got to go in and eventually Bitcoin
• 23:24
  wins. So therefore bigger numbers were
• 23:27
  will force nation states to also FOMO into Bitcoin, bringing
• 23:31
  about bigger numbers. So maybe I'm going way off the
• 23:34
  radar here, but it would just seem like a very fundamental
• 23:36
  thing that came to me this morning with Bitcoin.
• 23:39
  Bigger numbers bring forth bigger numbers.
• 23:41
  I don't. I don't think it's going to be
• 23:42
  the other way around, especially.
• 23:44
  As we move into this this new paradigm of Bitcoin and and
• 23:49
  we're going to get into this tomorrow about the mainstream
• 23:51
  adoption, how it is on the radar of everyone right now at this
• 23:56
  point we can go back to you know pretty shortly after Russia,
• 24:00
  Ukraine, the the theories of pricing energy and and gas in
• 24:05
  Bitcoin, which makes sense because it's.
• 24:08
  Directly monetized energy. So we pay for energy with
• 24:11
  energy. I feel like Tesla foresaw this.
• 24:13
  Or Ford, or what was his name? Oh Dang it.
• 24:17
  The guy who built Epcot, Bucky Buckminster Fuller.
• 24:20
  Like people have been talking about this forever and it's here
• 24:23
  and it's already won. Now it's just for people to to
• 24:26
  come around and accept it and for the demand to to meet its
• 24:30
  potential. But that's all I got for right
• 24:32
  now. I just love it.
• 24:35
  Love it. Wait, wait, we did get caught in
• 24:37
  4K before I pass it to Dom. Jacob Money says.
• 24:40
  Why did the Bitcoin price go up? Is this live?
• 24:42
  The title is clickbait because the price is tanking.
• 24:45
  Yes. OK, all right, we got caught.
• 24:48
  We got caught. All right.
• 24:49
  Dom, what's your thoughts on all this stuff?
• 24:51
  First of all, if I'm smirking, I got to say y'all have the best
• 24:55
  audience comments. Like it's really hard not to get
• 24:59
  drawn into. I saw some great ones.
• 25:01
  XX said during your guys did during the seed phrase
• 25:04
  commercial. My seed phrase is my sock
• 25:07
  drawer. I love that.
• 25:09
  That has to be a T-shirt. Love the comments.
• 25:12
  Yeah, there's so much going on right now.
• 25:14
  It's always hard to pinpoint why the price is going up.
• 25:17
  Tons of factors. I think brand is a huge thing.
• 25:21
  Bitcoin is, is, is, you know, 15 years we just celebrated for the
• 25:25
  white paper and 15 years of resiliency and reliability that
• 25:30
  has gone through an insane gauntlet of challenges.
• 25:35
  There is one piece of alpha I have for your crew for why the
• 25:39
  price is going up, but y'all have to keep this here because
• 25:42
  it's like super inside info. And that is, I got back from El
• 25:47
  Salvador and they're making these piggy banks where you put
• 25:51
  a coin and it's bouquet Lee, Piggy Bank.
• 25:53
  I think this is responsible for the price rise.
• 25:56
  I think a lot of people are putting their coins in the Piggy
• 25:59
  Bank and then they're turning it to Bitcoin.
• 26:01
  And you know, BlackRock sees this and they go, we have to tap
• 26:05
  this, this is insane. So yeah, it's, it's, it's
• 26:09
  exciting times. Bitcoin is is coming along.
• 26:12
  It does feel like we're entering a bull.
• 26:14
  You never know what will happen. But like you said, Opti scarcity
• 26:19
  is forever and you can only have so much of of what's available.
• 26:23
  And that's the key thing to focus on here.
• 26:25
  And and I think that's why you see these institutions getting
• 26:28
  in because this has been proven that people are willing to hold
• 26:32
  Bitcoin through the craziest of challenges.
• 26:37
  Love it. Yes, they are very concerned
• 26:41
  about you hoarding your your bitcoins under your mattress.
• 26:45
  So the the Bukele Bukele Piggy Bank is is definitely the
• 26:49
  reason. All right, guys.
• 26:50
  Before we get into the news and we get into some bond math for
• 26:54
  you guys, make sure you guys make it to Bitcoin conference in
• 26:59
  Nashville. You can use the promo code
• 27:02
  simply. It's going to be July 25th or
• 27:04
  27th next year, 2024. We are taking over Nashville.
• 27:08
  I know it's a long ways away, what eight months away, but
• 27:13
  every time the conferences come around you guys do the same
• 27:16
  thing. You guys give a shit all year.
• 27:18
  The prices are too expensive. We'll get your your ticket today
• 27:21
  at the cheapest price it will be before you FOMO into the
• 27:25
  conference. At the very last day we will see
• 27:27
  you that you can even flip your conference ticket.
• 27:30
  This is this is how you can get more Sats if you do not even
• 27:33
  want to show up. Anyways guys, I think it's safe
• 27:37
  to say we are winning and we are continuing to win.
• 27:40
  So keep stacking, Keep spreading the signal as more and more
• 27:44
  people get on the Bitcoin standard.
• 27:45
  Anyways, let's get to the news. Wrestling's got a lot to talk
• 27:47
  about. The Daily News.
• 27:56
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  the show notes below to learn more.
• 28:52
  Let's go guys. You know, we made it easy for
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  you guys to get yourself a beautiful Nokia phone, AKA a
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  Passport by Foundation Devices. I absolutely love it.
• 29:02
  They they absolutely killing it. And then sounds like the old man
• 29:05
  builds BTC. I'm telling kids these are the
• 29:06
  three stoozies. Yes, This is why you love us.
• 29:09
  This is why. This is why we're household
• 29:11
  names. All right.
• 29:12
  Anyways, Ruston, the floor is all yours bro.
• 29:15
  What's going on? All right.
• 29:18
  So here we go, Dom, just just for welcoming, we usually kind
• 29:24
  of black out when we go into these segments.
• 29:26
  So feel free to jump in at any point and stop us, but let's go
• 29:29
  ahead and get it started right here.
• 29:30
  Japan is approving. Let's let let look at that #110
• 29:34
  billion stimulus package to to fight.
• 29:38
  Inflation. I don't know, guys.
• 29:40
  Should we tell them that? That's a bold strategy?
• 29:44
  Let's see what happens just in the pace at which interest
• 29:46
  payments hit 4.5%. Look at this chart.
• 29:49
  It took two decades in the 70s and 80s.
• 29:53
  Let's zoom in. Yeah, there we go.
• 29:56
  OK, so two decades between the 70s and 80s, That is madness.
• 30:01
  And we know what happened there. That's Volcker and the high
• 30:04
  interest rates and what that led to.
• 30:07
  Now it only took three years for the current clowns in the the
• 30:14
  clown showdown in DC to make this happen again, representing
• 30:18
  the fact that central planners are completely inept and these
• 30:22
  people get promoted for failing and making you poor.
• 30:25
  There's a better way of doing things.
• 30:26
  Let's go ahead and check this out.
• 30:28
  So you know Japan not looking good, U.S.
• 30:31
  Treasury. Well, same thing.
• 30:33
  The department said it would leave.
• 30:34
  It's going to need to borrow 776 billion just this quarter and
• 30:39
  816 billion in the first quarter 2024.
• 30:42
  So Janet Yellen out there killing it.
• 30:45
  Hopefully, hopefully she hits her bullseye and got her Fiat
• 30:49
  cut bucks because she's going to need them.
• 30:51
  Where she's headed. Now go in contrarian and
• 30:55
  reminding you guys CJ is going to be on here soon with Opti.
• 30:58
  The dude always drops some amazing Nuggets, so.
• 31:02
  The higher interest rates go, the higher inflation will go.
• 31:05
  Now let's see why the larger the deficit, the faster the currency
• 31:09
  printer and this is where we talk about this all the time.
• 31:12
  The debt spiral, the higher interest rates go, the higher
• 31:16
  cost for businesses and then the cost to get capital continues to
• 31:20
  build on top of that. So the exponentially rising cost
• 31:23
  of finance government's budget, the increasing cost to structure
• 31:27
  for business, the increased amount of yield that can be
• 31:29
  spent into the economy, I don't think we're.
• 31:32
  Correctly fighting inflation and there is a way to more easily
• 31:37
  opt out of this clown world. And that's why you're all here,
• 31:39
  because you guys are on the right side of the bell curve.
• 31:42
  But if you just showed up, hats off to you and you're going to
• 31:45
  learn some things and be able to spread the sound money gospel to
• 31:48
  all your friends and neighbors and sound much, much smarter
• 31:52
  than we typically do. And another example, guys.
• 31:54
  So as we look at this Fiat world, we we talk about
• 31:59
  devolving. And I thought, I'm not a big fan
• 32:02
  of kim.com total shit corner, but great statement right here.
• 32:05
  This guy wouldn't be able to get your fast food order right.
• 32:08
  But he decides if we have like World War Three again,
• 32:12
  governments, they're they're already like grasping at straws
• 32:15
  trying to be relevant. Look at Elizabeth Warren and her
• 32:19
  full on cookery. And despite all of this, despite
• 32:22
  your fencing, despite your regulatory coups.
• 32:26
  Despite. State bans like China.
• 32:29
  Hey, China, we're we're we're going to ban Bitcoin mining.
• 32:32
  Guess who's top three in the world in mining?
• 32:34
  Bitcoin China. OK, the Bitcoin bulls are on
• 32:38
  parade. There's no stopping it.
• 32:39
  All right. Good luck, Liz.
• 32:41
  You all right? No.
• 32:43
  We talked about this. I'm going to try to cut back on
• 32:46
  my insults, so I'm going to let Gandalf.
• 32:50
  So I'm going to let Gandalf do it for me.
• 32:51
  In their efforts to avoid being traced, illegal actors have
• 32:54
  adopted more sophisticated cryptocurrency technologies.
• 32:57
  Such as? Self custodial wallets.
• 32:59
  I don't know who's got a wallet in the back pocket today.
• 33:01
  You are a criminal, you savage. But yeah, Elizabeth Warren,
• 33:06
  Total moron. And that's Gandalf's words, not
• 33:08
  mine. All right, now let's get
• 33:10
  bullish. Didn't we?
• 33:11
  I think Dom and Wicked were talking about this the past
• 33:14
  couple days. This is amazing news.
• 33:17
  Let's pull that up. Right.
• 33:19
  Not only is every DCA are now in profit, the ones who started DCA
• 33:24
  ING at one of the worst times in history for cost basis are now
• 33:28
  up 17.5%. So you know all those guys that
• 33:32
  called you crazy degenerate or whatever, well, show them you're
• 33:35
  up 17.5%, you're headed to the moon, they'll come around
• 33:39
  eventually. Everyone gets Bitcoin at the
• 33:41
  price they deserve. And you know, going back to Liz
• 33:45
  and these people and how they're just showing.
• 33:49
  Their cards, you know, Nico just went in on this yesterday.
• 33:53
  It was beautiful. But I like Ant.
• 33:55
  What kind of jail time am I looking at tossing these on the
• 33:58
  table for? Go through that thread.
• 34:01
  It is epic. The the bit corners are out in
• 34:05
  full force. OK, and we already got you.
• 34:08
  CJI want to get on this too. Big news this morning.
• 34:12
  We had Fidelity again in the news as Jury and Timmer said
• 34:16
  that Bitcoin is exponential gold.
• 34:19
  Basically, there is no second best.
• 34:21
  All right? For those of you that haven't
• 34:23
  figured it out, you have a nice rock.
• 34:25
  You can make a nice necklace with it.
• 34:27
  You can gold plate your coffee table like Opti will be doing in
• 34:31
  the future. But take a look at this Jury and
• 34:33
  Timmer, right? This is fidelity.
• 34:36
  This isn't me and Opti being bull tarted, OK, but he said if
• 34:40
  history rhymes following 20/11/2013, that could catapult
• 34:43
  Bitcoin to 700 K But a more modest, you know, Outlook
• 34:47
  mirroring 2017 suggests 200 to 300 K, which also falls into Max
• 34:52
  Keiser. 220 K is still in play and you know Bitcoin, while
• 34:57
  Elizabeth Warren is I I I can't even.
• 35:01
  It's just the sound of her boy. Her voice just puts me.
• 35:05
  On edge, but Bitcoin halfway to its all time high.
• 35:08
  Mainstream media not really talking about that and there
• 35:12
  hasn't even been an ETF approval.
• 35:14
  What's going to happen when the normies start talking and the
• 35:19
  11:50 ETFs get approved at the same time?
• 35:21
  And Larry Fink? All right.
• 35:23
  At the end of the day, guys. Bitcoin is about winning and
• 35:27
  it's about self preservation. And you're not going to be able
• 35:30
  to take that from people. You're not going to be able to
• 35:32
  tell someone not to self preserve for themselves.
• 35:35
  That's what Bitcoin is. And just like we want to win and
• 35:38
  preserve for our future, BlackRock doesn't want to become
• 35:41
  irrelevant in the future because they know what's happening to
• 35:43
  the dollar. They told you that Bitcoin is
• 35:45
  going to overrun international currencies.
• 35:48
  They've told you what's going to happen.
• 35:50
  So maybe it's time to just let the ears perk up.
• 35:54
  Listen stack those sets. And be lazy and let Bitcoin do
• 35:58
  the rest for you in the future. Right now you have the ability
• 36:01
  to save, build, and plan for a future that you can create
• 36:04
  yourself. And we don't need any of their
• 36:06
  bullshit regulation, stipends or whatever.
• 36:10
  No, they're they're becoming more irrelevant by the day.
• 36:15
  Love it, love it. All right, I wanna highlight
• 36:16
  some of XX's comments for the audio listeners that aren't
• 36:20
  watching on YouTube. He's dropping some great signal
• 36:23
  in here on the YouTube chat. So XX goes.
• 36:25
  China and Japan are done with U.S.
• 36:27
  Treasuries. Pay attention.
• 36:28
  And then he doubled down with one more comment and he goes,
• 36:32
  you are not fully understanding why Bitcoin is about to get an
• 36:37
  exponential pump, but that's OK just hang on tight.
• 36:40
  It's slow, slow rolling for most people out there.
• 36:43
  It takes time. Remember, you know, be nice to
• 36:45
  the normies out there, remember how hard and how long it took.
• 36:48
  You pause to become a bit corner.
• 36:50
  The next comment, it is not big enough nor regulated enough, but
• 36:54
  that has all just changed, setting the stage for BTC to be
• 36:57
  more than big enough. And the last comment I want to
• 37:00
  highlight by XX goes treasuries market is probably the biggest
• 37:05
  new development for BTC. That market is bigger than the
• 37:08
  US stock market and stocks are not safe guys.
• 37:11
  This is the signal that we're seeing around the world.
• 37:15
  You know the US, the US dollar treasuries, they have been the
• 37:20
  risk off asset that there's still people telling you that
• 37:23
  it's the safest asset to be holding.
• 37:25
  And we're seeing that all around the world people are dropping
• 37:27
  treasuries. We're we're seeing what Jay
• 37:29
  Powell's doing. And you know they're fighting.
• 37:33
  They're they're doing their best to maintain control.
• 37:36
  But I even saw a man I'm blanking on the guy's name but
• 37:39
  he's one of the one of the investors from Big Short And and
• 37:43
  he was saying this morning on on television, basically saying
• 37:45
  like I don't even think Jay Powell knows what the math is
• 37:48
  doing. And it just goes to show no one
• 37:50
  out there in Fiat land actually knows what's going on.
• 37:53
  Especially remember when all the data is fibbed, all the data is
• 37:57
  fake, that it's literally guys, I I always got to bring this
• 38:00
  back to like layman terms. We are at the point of Saturday
• 38:03
  morning cartoons where Wiley Coyote has run off the Cliff and
• 38:07
  you see the Roadrunner go beep beep and only bitcoiners are the
• 38:11
  ones that have looked out at their feet.
• 38:13
  So we say it all the time. You know, we quote Greg Foss all
• 38:16
  the time. It's 11th grade math.
• 38:17
  They have to continue to print money.
• 38:20
  They will continue to try to issue bonds to whoever will buy
• 38:23
  them and it's looking around the world.
• 38:26
  And then you add that with what's going on with the BRICS
• 38:28
  nations, people aren't trusting America anymore.
• 38:31
  They do not want our money. They do not want our bond
• 38:33
  because shit's going haywire out there.
• 38:35
  The system has a problem, a fundamental systemic problem.
• 38:40
  And for all of us here, early to the game, you have an
• 38:45
  opportunity to not only gain and purchasing power, but protect
• 38:49
  yourself. And this is what it's about.
• 38:51
  First, put on the oxygen mask guys.
• 38:53
  You need to hold on an acid outside of the system, a slide
• 38:57
  parallel way to save the take this power back from the powers
• 39:01
  that be. And this is of course Bitcoin
• 39:03
  guys. So look, I know we got macro and
• 39:06
  I already hear yellow yelling at us.
• 39:08
  Macro, macro, macro. It is what it is guys.
• 39:10
  This is where we are in the movie.
• 39:13
  Bitcoin is becoming a defining conversation in the macro space.
• 39:17
  Everyone and their mother will be talking about Bitcoin moving
• 39:20
  forward, and you have the opportunity to continue to stack
• 39:23
  Bitcoin at 35 KII think anything under 100K is still cheap, guys,
• 39:27
  so do not get sidetracked. Continue to stack, stack Bitcoin
• 39:31
  at any price. The price is irrelevant because
• 39:34
  it's still absolutely stupid cheap.
• 39:38
  The only thing scarce, the only thing scarcer is your time, your
• 39:43
  life saving Bitcoin. Guys, we're seeing in real time
• 39:46
  that public consciousness is waking up to Bitcoin.
• 39:49
  We're seeing in real time that the biggest asset managers in
• 39:51
  the world are waking up to Bitcoin as a solution.
• 39:54
  And we're seeing that, you know, this conversation is being had
• 39:57
  on an army level as well. It's it's everywhere.
• 40:00
  Everyone is wondering what the hell is going on, and whether
• 40:02
  we're seeing a flight to quality as the meme is going yet.
• 40:07
  It's still, it's still yet to be seen, but we will be seeing that
• 40:10
  this meme gets stronger and stronger moving forward, and
• 40:12
  more and more people are going to pile into Bitcoin, and it's
• 40:17
  going to be just absolutely awesome to be a part of it.
• 40:20
  Anyways, Dom, what's your thoughts on all this stuff?
• 40:23
  I just think when you're talking like when is the last time, and
• 40:26
  maybe this comes from my lack of financial education where you
• 40:30
  know your normal pleb, your working person has had the
• 40:34
  chance to front run some of the biggest financial asset managers
• 40:39
  in the world who are chomping at the bit waiting for the SEC to
• 40:42
  give the green light so they can bring massive institutional
• 40:46
  clients into this thing, Bitcoin.
• 40:48
  Yet I can go buy some today, right now.
• 40:52
  It's rare. I don't think it's happened
• 40:54
  before and and if it has not like this so that's something
• 40:58
  worth considering. After you mentioned put on your
• 41:01
  oxygen mask for this flight I I think about the the flights.
• 41:05
  Make sure you take care of yourself before you help others.
• 41:08
  So have your situation set up right.
• 41:10
  Put your own oxygen mask before you start helping other people.
• 41:14
  But then those people need to get their mask on too.
• 41:17
  And. Yeah, it's just, it's just it's
• 41:21
  pretty wild right now that the institutions like BlackRock are
• 41:25
  for some people and not a lot of listeners here because a lot of
• 41:28
  listeners here have figured it out.
• 41:30
  They will not move forward until super signalers give them the OK
• 41:34
  and and that's just how they operate.
• 41:36
  You know the new kid in town, Bitcoin has been plastered with
• 41:40
  negative news media. Dangerous scam fell from the
• 41:44
  top. No good.
• 41:46
  Mainstream media has tried to attack it.
• 41:48
  Well, now you have the big dog saying, hey, this new kid in
• 41:52
  town, they're all right. They're pretty reliable.
• 41:54
  They keep proving the test of time that they're here to stay.
• 41:57
  Their holders are awesome. They're reliable.
• 41:59
  Let's bring in now the institutional clients to get on
• 42:02
  this. So it's big things happening
• 42:04
  right now. Pretty insane, yeah.
• 42:07
  I love to see it. I actually saw a really good
• 42:09
  thread. Maybe maybe I'll bring it up
• 42:10
  tomorrow in culture. And I know, I know us
• 42:14
  Bitcoiners, we're we're very concerned about BlackRock
• 42:18
  embracing Bitcoin. And and there's even like the
• 42:20
  counter thread on Bitcoin Twitter, like bitcoiners,
• 42:24
  Bitcoiners are plotting back BlackRock.
• 42:26
  I thought it was the point to get away from BlackRock.
• 42:28
  Well, again, it was white paper day Tuesday.
• 42:32
  And I am just reminded of the incentive portion of that white
• 42:37
  paper where it says, you know, you're better off to just play
• 42:40
  along with Bitcoin. The amount of money that these
• 42:43
  asset managers will make in fees by embracing Bitcoin, by having
• 42:47
  their army of Wall Street people educating others on Bitcoin.
• 42:52
  Guys, we say it all the time, for better or worse, the
• 42:55
  tyrants, the central bankers, the bureaucrats, and now the
• 42:58
  financial asset managers of the world will be the best marketers
• 43:02
  of Bitcoin. And all it takes is what Dom
• 43:05
  touched on. And they just need that
• 43:06
  signaling from the market that hey, it's OK for you guys to
• 43:09
  pile into Bitcoin. And again, we try to always
• 43:13
  frame this in positive light, like the benefits that this will
• 43:16
  have on your life. But we're seeing that on the
• 43:18
  flip side, people are looking for solutions.
• 43:21
  The red flags are going off in traditional financial world and
• 43:23
  they're wondering like, wait, we need to pile into something, we
• 43:26
  need something to hold on to. And it's looking like Michael
• 43:31
  Saylor and Naive Bukella and every one of you Bitcoiners out
• 43:34
  there are right, continue to be right.
• 43:37
  The Bitcoin's incentives are strong and moving forward, it's
• 43:40
  just going to become more and more obvious that Bitcoin is the
• 43:44
  way forward. And here we are guys, we're on
• 43:46
  the front lines of this. You know we we're seeing that
• 43:49
  the powers that be are fighting Bitcoin.
• 43:51
  So all of this is going to be the perfect storm to just show
• 43:56
  the world that Bitcoin is the way digital scarcity is awesome
• 43:59
  and number will go up. And and I think it's, I think
• 44:03
  it's important Opti that we have an opportunity.
• 44:06
  You know, look, I still trust Larry Fink as far as I can throw
• 44:09
  him, which is not very far. And so we have an opportunity
• 44:13
  when this gets greenlit, whether they're, you know, does does
• 44:16
  BlackRock really believe and subscribe to the fundamental
• 44:19
  values of Bitcoin that we do? I don't think so necessarily
• 44:23
  because they have a huge amount of wealth.
• 44:26
  That is potentially, you know, in jeopardy, right?
• 44:29
  If as Bitcoin becomes stronger, whether they're in or not, we
• 44:33
  don't know. Maybe they are subscribed, who
• 44:35
  knows? We can never tell.
• 44:36
  But when a lot of people see that and they go, now this thing
• 44:39
  is OK, that's where bitcoiners like us, all your listeners can
• 44:43
  jump in and grab them and go, hey, OK, cool.
• 44:45
  Larry Fink said it's OK to get into Bitcoin.
• 44:48
  But now let me explain to you some very important fundamentals
• 44:51
  like self custody. Let me explain why it's
• 44:53
  important to have your own Bitcoin.
• 44:55
  Let me give you some resources. Courses that you can learn about
• 44:57
  it. So if you are managing a fund or
• 45:00
  doing something like that, you know what you're getting into.
• 45:03
  This is still an ETF, you're not holding it direct.
• 45:06
  And Bitcoin was not created to have ETFSETFS were created to
• 45:11
  try to capture Bitcoin. Oof.
• 45:14
  Love it. Well, I want to highlight one
• 45:15
  comment. I wish I could pull this up on
• 45:17
  this on Rumble. Shout out the Moran and he goes
• 45:20
  trying not to sell my house. Come on guys, you're killing me
• 45:28
  Rustin. Getting them super bullish.
• 45:30
  Anyways, let's get into the culture cuz I I'm really excited
• 45:33
  to talk to Dom. Dom Dom's a cool dude so there's
• 45:35
  gonna be a good one. I think you guys are gonna
• 45:37
  really enjoy the Orange Pill story.
• 45:40
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• 46:16
  Racks. Absolute goats.
• 46:19
  I love the whole team. They're super cool.
• 46:22
  If you want to buy a six, you want to sell a six, or you even
• 46:26
  want to buy them and then have them host your A6 Kaboom Racks
• 46:29
  has you covered. Guys, go check them out.
• 46:32
  They're killing it. They're they're one of our
• 46:34
  favorite. Favorite people out there,
• 46:36
  They're just absolute awesome Peoples Shouts out to my boy
• 46:38
  Alex. He will literally hold your hand
• 46:41
  answer all your questions. If you are thinking about this,
• 46:44
  reach out to them on Telegram group.
• 46:46
  Join their telegram group and they will make sure that you are
• 46:51
  on the right path. I actually funny story my my boy
• 46:54
  Alex from kaboom racks. He's literally like my job is to
• 46:57
  pretty much tell people not to buy a six.
• 46:58
  So if you're thinking about it, they will sell them to you.
• 47:02
  But you might have talked out of it.
• 47:03
  You might just want to stack some Bitcoin, but get over to
• 47:06
  kaboomracks.com. Those boys over there are
• 47:08
  killing it. And you know, they're they're
• 47:10
  ensuring that the network is getting stronger and stronger
• 47:13
  every single day. Anyways, Dom, let's get to you
• 47:16
  bro. This this culture might go a
• 47:18
  little longer than usual, just because I I really love talking
• 47:21
  to Dom. We were hanging out at Pacific
• 47:23
  Bitcoin. Absolutely.
• 47:24
  Cool dude. Absolute legend.
• 47:26
  A Chad in his own right. But we won't talk about the
• 47:30
  shenanigans of us hanging out in LA anyway, Dom, it didn't click
• 47:35
  for me when we were hanging out at Pacific Bitcoin until after,
• 47:39
  like, I don't know, halfway through the day that we were
• 47:41
  hanging out of your Orange Pill story and we were at Pacific
• 47:45
  Bitcoin. So maybe tell the people this
• 47:47
  this story, and then we'll get into what your project is.
• 47:51
  Yeah so so this story can take a lot of time and I'm going to try
• 47:54
  to package it up fast for the for the the busy listener out
• 47:57
  there 3 phases of this orange pill.
• 48:00
  One is a failed dose. One is the first dose and then
• 48:03
  three is the re up first failed dose. 2011 Bought my first stock
• 48:08
  ever. Walked out of my room, roommate
• 48:10
  says. Hey, why are you grinning?
• 48:12
  I said, 'cause I just bought a stock and I'm about to admit
• 48:14
  this thing's going to be great. He goes, hey, you should sell
• 48:17
  that stock and buy this thing called Bitcoin.
• 48:19
  I was like, what's Bitcoin? He said.
• 48:20
  I don't know, I can't explain it, but people are talking about
• 48:23
  it everywhere I go. Well, how much is it?
• 48:25
  He's like $10 a coin. I said, well, are you going to
• 48:28
  buy some? He said no, I have no money.
• 48:30
  I said, well then neither am I. Thanks for the message.
• 48:33
  See you later. Oops, everyone has that.
• 48:35
  Story #2 was working at conference.
• 48:39
  And this was in 2017. Then I really got to talk to
• 48:42
  some bitcoiners. It was not a Bitcoin only
• 48:45
  conference. It was like other projects at
• 48:47
  that time. Things were, you know, this was
• 48:49
  before the block wars, just before things were heating up.
• 48:53
  And I talked to a bitcoiner and I got it.
• 48:55
  It hit me, I got it. I said, all right, I got it.
• 48:58
  The conviction is what led me to believe and look deeper in
• 49:03
  Bitcoin because the people I talked to were so convicted.
• 49:06
  I was like. I have to look into this thing,
• 49:09
  but I was just kind of passive. More of just like holding
• 49:11
  Bitcoin. I wasn't contributing to the
• 49:13
  community, very busy doing the union work that I did for the
• 49:17
  firefighters. As I was getting ready to get
• 49:20
  off the union work, I was working one day and we had a
• 49:23
  call at the beach for someone that hurt their neck.
• 49:27
  We go up, this guy's holding his neck with a couple people.
• 49:30
  Of course I'm the paramedic for the day, and I usually don't do
• 49:33
  the paramedic stuff as a supervisor now, but I go OK.
• 49:36
  And he goes on my neck, I was diving in the water.
• 49:38
  I'm like, oh, I know how these calls go.
• 49:40
  Like, let's just get him to the hospital.
• 49:42
  Let's be super cautious on the way up to the hospital.
• 49:45
  I'm like, hey, what are you doing here?
• 49:46
  And he goes, oh, I'm visiting and I'm working this conference
• 49:50
  and I'm like, is it the Pacific Bitcoin Conference?
• 49:54
  And he said, yeah, I actually work for Swan.
• 49:57
  Keep in mind, this was the day after the FTX collapse.
• 50:00
  I had showed up to work that day and I'm like, OK, time to stack
• 50:04
  folks. Like, like, what's going on?
• 50:07
  I find out in the ambulance he, he he works for Swan.
• 50:10
  He's an analyst. I'm like, OK, stop the analyst,
• 50:13
  bro. I mean, I was like, stop the
• 50:14
  ambulance. Are we what's the deal, dude 17,
• 50:17
  Like, where are we at, dude? Like, what's going on?
• 50:19
  I'm kidding. We didn't stop the ambulance.
• 50:21
  But anyways. I expected to see him at the
• 50:23
  conference, kind of be like, hey man, they kept me at the
• 50:26
  hospital. You wasted my time.
• 50:28
  Why'd you send me up? Turns out he broke his neck in
• 50:31
  two spots and luckily he got up to the hospital, made a full
• 50:35
  recovery. Doctor said otherwise he could
• 50:37
  have been paralyzed. So that was a very moving
• 50:39
  experience for me. And from that this door open to
• 50:42
  get more involved in Bitcoin and as I was finishing up on the
• 50:46
  union. I was thinking like, what's next
• 50:49
  for me? I started really looking into
• 50:51
  how do Bitcoin and workers and unions, how do they intersect?
• 50:55
  Where do they, where do they cross?
• 50:57
  And I started kind of finding this mission where like, hey, I
• 51:00
  really got to try to show workers what I've found and what
• 51:03
  I've been blessed to find a Bitcoin so that they can at
• 51:06
  least discover this, see it and set themselves up for the
• 51:10
  future. So that's my Orange Pill story.
• 51:14
  Absolutely incredible. It's so strange.
• 51:16
  How some people get to Bitcoin and and like I fully remember
• 51:20
  being at the swan party last year and they're like yeah
• 51:26
  here's this firefighter like everyone show him love He
• 51:29
  basically saved one of our guys lives and then a year later I
• 51:33
  was hanging out with you and and we were with the the Blue Collar
• 51:37
  Bitcoin podcast guys and we had a we were laughing our asses
• 51:41
  off. I I hope Rustin posted this on.
• 51:43
  It was absolutely great time. And then after that
• 51:45
  conversation, it was like, oh wait, Dom, you were that
• 51:49
  firefighter, Like, just incredible.
• 51:51
  Just incredible. All right, let's let's give you
• 51:53
  some more space. So, Dom, what is this project?
• 51:56
  What is proof of workforce? Yeah.
• 51:59
  So proof of proof of workforce is the nonprofit.
• 52:02
  And again, we we, we know and you all know in the audience
• 52:07
  that there's usually a bitcoiner in every group, whether it's a
• 52:11
  union, whether it's a workers group, whether it's a church,
• 52:14
  there's a bitcoiner there. The thing is, is it's very hard
• 52:18
  to get a group or organization to adopt Bitcoin.
• 52:22
  And so our focus is on workers. We want to give them the tools
• 52:26
  to bring Bitcoin to their organization.
• 52:29
  You know, I was able to work with my my own organization, the
• 52:32
  Santa Monica Firefighters. We became the first union to
• 52:35
  self custody Bitcoin without use of a third party, first union in
• 52:41
  history to do that. So we have a template.
• 52:45
  Other unions have followed suit. And again, I know sometimes
• 52:48
  people have a bad, you know, they have they they some people
• 52:51
  look at unions negatively and I think sometimes they see larger
• 52:55
  like nationwide unions. And they see things they don't
• 52:58
  agree with whether it's political stances and I
• 53:00
  understand that. But I want people to remember
• 53:03
  that that the unions mostly are small unions that represent
• 53:07
  workers in the local workplace. And so giving them Bitcoin,
• 53:11
  helping them find Bitcoin, extending into the conversation
• 53:15
  with pensions to help pension funds which many are severely
• 53:18
  distressed still from the financial crisis of O7O8,
• 53:23
  helping them to find Bitcoin, helping workers realize.
• 53:27
  A saving in dollars is is is not a winning venture and and owning
• 53:33
  something outside of this system which has burned workers so many
• 53:37
  times in the past. Think about the headlines rapid
• 53:40
  inflation. Who gets burned?
• 53:42
  The working person financial crisis.
• 53:45
  Where did a lot of that money come and get get hammered?
• 53:49
  All the big companies that that were reckless, they got bailed
• 53:52
  out, but the pensions didn't get bailed out and they took a loss.
• 53:56
  They got dumped on. So this main legacy system,
• 53:59
  which has burned us before, how many times will it take getting
• 54:02
  burned until we own something outside of that legacy system
• 54:06
  that's ours, that can't, that can't be manipulated and and and
• 54:10
  the worker can't be you know the scapegoat for when things go
• 54:13
  wrong. So that's our nonprofit.
• 54:16
  We have a great board. I got Josh and Dan on there,
• 54:19
  Lisa Huff, Mags and and and the Wizkid.
• 54:23
  Joe, Carlos, sorry, one of the sharpest lawyers in the game.
• 54:28
  And so we just again, our mission is clear.
• 54:31
  I want every worker to to hold Bitcoin, but I want them to do
• 54:36
  it in a way that's going to allow them to survive future
• 54:41
  bear markets, which we know will occur.
• 54:43
  As great as this bull run is, we will have some harder times
• 54:46
  ahead. And only by understanding
• 54:49
  Bitcoin and what it is will you stick around for the long run.
• 54:53
  Not, not get scared, not sell too early and and commit to this
• 54:57
  mission. Love it bro.
• 55:00
  Absolutely love it. That is the star-studded line
• 55:04
  up, by the way. I love that team, yeah.
• 55:08
  I don't know how I got blessed with that.
• 55:09
  I I just like, yeah, shout out to Chris Alamo.
• 55:12
  Oh yeah, and Alamo. 'S on the board too, I.
• 55:15
  I forgot Alamo's on the board, too.
• 55:17
  Who, who's? Who's one of the the guy he's
• 55:20
  always he's always helping out with?
• 55:22
  Like the guy is so smart dude. Alamo is so sharp one 100%.
• 55:29
  Blessed with an incredible board.
• 55:30
  And then I want more workers. Any unions out there or workers?
• 55:34
  That want to support this organization is not to, you
• 55:38
  know, it is a non profit And so I want it to become other
• 55:41
  people's. Like hopefully this NTD will be
• 55:43
  something that is, you know moved forward by other workers
• 55:47
  and it becomes something that's, you know, good for workers
• 55:50
  everywhere. Love to hear it bro.
• 55:54
  So if there is someone that is a part of a union, what do they
• 55:58
  do? They just reach out to you like,
• 56:00
  how's this process go? Yeah, so there's a contact form
• 56:04
  on the website people can do. Sometimes people hit me directly
• 56:07
  on Twitter. You can e-mail us.
• 56:10
  And again, if you're looking to bring Bitcoin to your union
• 56:14
  organization, we're going to do everything we can using the
• 56:17
  contacts and resources we have to set up a plan and help you
• 56:22
  develop a plan to bring that forward.
• 56:25
  We've, you know again I have there's a the second union
• 56:29
  that's going to adopt Bitcoin is right, that's dropping any time
• 56:34
  now that they're going to adopt and so that's very exciting all
• 56:39
  the steps about like we don't recommend ever any services or
• 56:43
  anything like that we try to give you like.
• 56:46
  Hey, here's some options that you have.
• 56:48
  You have to walk the path your own Bitcoin path yourself and we
• 56:52
  help facilitate whether it's acquiring Bitcoin or holding it.
• 56:56
  We'll show, we'll try to point you to resources of how to use a
• 57:00
  self custody hardware wallet, but we're not going to tell you
• 57:03
  buy this wallet, buy that wallet.
• 57:04
  You have to. We'll answer questions.
• 57:07
  We'll help you bring a plan and then the hardest part for any
• 57:10
  membership based organization is can is getting that
• 57:13
  organization. To to buy in now with our
• 57:17
  organization, the firefighters. Keep this in mind, and this is
• 57:20
  what I'm so inspired by. Our first measure to get into
• 57:24
  Bitcoin was approved by 87% of the membership.
• 57:29
  I can't even get them to vote on coffee dues or how to which
• 57:33
  coffee to buy at an 87%. So the enthusiasm was there, but
• 57:38
  we did it responsibly. We didn't put all this money
• 57:40
  into Bitcoin. We got a very, very small
• 57:43
  amount. We set up a committee to give.
• 57:45
  Resources and learn and and now we're talking about the next
• 57:49
  step without fear and that's really important.
• 57:52
  So again, if you're trying to bring Bitcoin to your union
• 57:57
  organization, we are here to help you and make you successful
• 58:00
  at that and just give you all the knowledge we know of things
• 58:03
  that have been done already and then you can take it back to
• 58:06
  your organization and you know your organization best.
• 58:10
  So let us help you and you ultimately have to walk that
• 58:13
  path to bring it to your group. Love it, love it.
• 58:17
  Rustin, before you jump in here, just some comments.
• 58:21
  I I this number here is absolutely incredible.
• 58:26
  And maybe for the people out there and and for the audio
• 58:29
  listeners, it says $1.3 trillion in total unfunded liabilities in
• 58:33
  the US. For for people out there that
• 58:37
  maybe, I don't know, have never heard this idea that maybe their
• 58:42
  pension funds aren't safe and maybe they won't have that money
• 58:46
  there in the future. You know, a lot of people think
• 58:48
  that the traditional legacy system is, is is a concrete
• 58:53
  foundation. And a lot of us bitcoiners are
• 58:57
  kind of on the flip side. That's saying, hey, all that
• 59:01
  money that you think is going to be there might not be there.
• 59:04
  And so dumb for someone that maybe is thinking what you bit
• 59:08
  corners are crazy. Like what?
• 59:10
  What are you even talking about? Like what?
• 59:11
  What is going on here? And I think a lot of people
• 59:15
  still have doubts that we are seeing things clearly.
• 59:18
  And So what would you say to someone on the fence like that?
• 59:21
  Yeah, I've learned a lot looking into pensions and.
• 59:25
  For those listening and unfunded liability simply means this.
• 59:28
  You have a pile of assets that form a pension or a four O 1K
• 59:33
  retirement account. Then you have the money that is
• 59:36
  owed to your workers when they retire.
• 59:39
  The difference between what you hold as an asset at right now
• 59:43
  versus what you have to pay out is called your liabilities and
• 59:47
  when they don't match up. If we owe our retirees $1000 and
• 59:53
  we have $1000 in assets, then we are at 100% funded ratio.
• 59:58
  If we have $80.00 and we owe the retirees $100, we are at an 80%
• 1:00:03
  funded status. That's important because the
• 1:00:06
  liabilities in many pensions are running away from the assets.
• 1:00:11
  And pension funds cannot keep up with the liabilities of people,
• 1:00:16
  whether it's living longer, cost of living, adjustments from
• 1:00:20
  inflation. They can't make those kind of
• 1:00:23
  returns. They're usually very
• 1:00:24
  conservative. And the biggest thing is they've
• 1:00:28
  been burned in the past. Again, most pension funds, and a
• 1:00:32
  lot of them were fully funded or close to before the financial
• 1:00:36
  crisis. Everyone got bailed out in the
• 1:00:38
  financial crisis except who The working folks.
• 1:00:41
  They said sorry, y'all lost. We we gambled your money and
• 1:00:46
  everything lost its value and Y'all lost.
• 1:00:50
  They have not many have not recovered.
• 1:00:52
  The largest pension in the United States, the largest
• 1:00:55
  public pension is CalPERS $450 billion pension fund that is
• 1:01:02
  only funded at 72%. This is coming on the tail end
• 1:01:07
  of one of the highest, longest performing stock equity market
• 1:01:11
  runs in history. It were only at 72%.
• 1:01:15
  That should tell you they cannot keep up.
• 1:01:18
  So Bitcoin is pivotal in my opinion to help fill this gap
• 1:01:22
  and to help support and buoy these these pension funds.
• 1:01:27
  So it's really important to understand this isn't just
• 1:01:32
  pension funds. It's Social Security, It's 401K
• 1:01:34
  and it could be your own personal savings account.
• 1:01:37
  It's important to pay attention to what it's supposed to pay out
• 1:01:40
  and how many asset, what assets you have.
• 1:01:43
  And Bitcoin is this amazing, incredible protocol that we have
• 1:01:49
  the opportunity to invest in now that will keep up and and and
• 1:01:53
  unless hey Opti and and and Russ, y'all know not only will
• 1:01:56
  it keep up. It's going to fly and soar like
• 1:01:59
  an eagle and and and and pensions will need to keep up
• 1:02:02
  with Bitcoin. Man, dude, straight.
• 1:02:09
  Killed a Dom. So I was a teacher and coach and
• 1:02:12
  I have a little experience with the, the teachers unions and you
• 1:02:17
  know, I was really getting into Bitcoin and I was like trying to
• 1:02:19
  tell everyone and they were like, Nah, I've got my Roth IRA,
• 1:02:23
  I've got my capers, you know, and I was like, you know what
• 1:02:26
  those assets are purchased in and and how they connect.
• 1:02:32
  Unfunded liabilities, we've been talking about this a long time
• 1:02:35
  with Social Security. I think they said that's likely
• 1:02:38
  between 2033 and 2035 and and they're not really talking about
• 1:02:43
  that in the news and and you have a trillion in debt almost
• 1:02:46
  added in a month. This is just complete madness
• 1:02:50
  and what they were doing in these pension funds, right.
• 1:02:53
  We had that near collapse in the UK and then the way they were
• 1:02:58
  gamble, gambling away people's retirements.
• 1:03:01
  Is absolutely insane and this is going to trickle down.
• 1:03:05
  Pensions absolutely fail down there.
• 1:03:08
  They need Bitcoin because when this stuff hits and it's kind of
• 1:03:12
  like we said like it, it's just like a slow train wreck right
• 1:03:17
  now. It's going to that you can't put
• 1:03:20
  a put a time frame on it always said like hyperinflation or
• 1:03:23
  these type of events. It's been happening for 50
• 1:03:26
  years, right? And you know going off the gold
• 1:03:29
  standard that was that first little crack in the vase and
• 1:03:32
  then over time pressure continues to build in there.
• 1:03:35
  Maybe the soil packs in and it starts to spider web and then
• 1:03:39
  things get a little uneasy and hopefully people get on that
• 1:03:43
  lifeboat before it's too late or people start to make these
• 1:03:46
  amends and see it. And I think that's what you're
• 1:03:48
  seeing with Fidelity. BlackRock and these people, they
• 1:03:51
  can't come out and say things like that because the thing
• 1:03:53
  think of what that does with all their customers and their
• 1:03:55
  retirements, they're they're the biggest.
• 1:03:57
  Arguably retirement company there is, but they are planning
• 1:04:00
  the seed that and protecting themselves so that they will
• 1:04:05
  have a backstop for their customers themselves and that's
• 1:04:08
  what BlackRock has micro strategies ahead of everyone
• 1:04:11
  like Sailor and them are basically trillionaires and no
• 1:04:14
  one knows it yet. We're getting into that
• 1:04:17
  territory and it's just going to be interesting to see this
• 1:04:20
  dynamic over time and what Dom and and Lisa and Chris and all
• 1:04:24
  you guys are doing. Is incredible.
• 1:04:26
  And it goes back to everyone needs Bitcoin now.
• 1:04:29
  It's just like who's who's going to take, you know, just accept
• 1:04:32
  it and be willing to do the homework and willing to to be
• 1:04:36
  humble or willing to to see like everything is not OK, You got to
• 1:04:41
  understand that and you got to face that and you can't just sit
• 1:04:44
  back and do nothing. You've got to preserve yourself
• 1:04:48
  and you know, take care of yourself and maybe you'll be
• 1:04:51
  able to help others after that. Like you guys were saying, put
• 1:04:53
  the put the oxygen mask on now. Before it's too late because you
• 1:04:57
  don't know when it's going to happen, but all all the arrows
• 1:05:01
  are pointing in a horrible direction in in that regard.
• 1:05:04
  But everything's good for Bitcoin at the end of the day.
• 1:05:07
  So I think also when we were talking about the media, oh
• 1:05:10
  sorry Dom, I'm I'm going to get done with this quick.
• 1:05:13
  BlackRock owns the media, so there's there's about 80% of the
• 1:05:16
  media ownership right there. So do you think all that against
• 1:05:19
  Bitcoin, all those people that fought Bitcoin throughout the
• 1:05:22
  years? They just cut into their their
• 1:05:24
  gains. They just cut into their their
• 1:05:27
  future benefit. I mean, they're just cutting
• 1:05:30
  their own throats. Like when are you going to stop?
• 1:05:32
  You got to accept it. Yeah, we, we've seen the
• 1:05:36
  negative media on Bitcoin over the years and we know that the
• 1:05:39
  big asset managers and the big banks and the JPS, they own the
• 1:05:43
  media. Just simply putting the the foot
• 1:05:47
  off of the neck of Bitcoin, which is a bad analogy because
• 1:05:51
  Bitcoin ain't down, Bitcoin is flying above.
• 1:05:53
  But like in their minds, right for the retailer's view of
• 1:05:56
  Bitcoin, just easing up on the negative stories is going to
• 1:06:00
  allow so many retailers to to flood into Bitcoin again.
• 1:06:05
  We hope it's for the right reasons, but yeah, going back to
• 1:06:09
  what you were saying, just with with the teachers pension and
• 1:06:12
  pensions, you know, this is not an OPTI you mentioned Bitcoiners
• 1:06:18
  are always like sometimes we get painted as doomsdayers.
• 1:06:21
  But this isn't a hypothetical. The finance system, the legacy
• 1:06:25
  finance system has repeatedly in history burned the everyday
• 1:06:31
  worker pensions have been burned by the legacy finance system.
• 1:06:37
  So soon as some pensions come around and add Bitcoin to their
• 1:06:41
  balance sheet and allows them to keep their promises to workers.
• 1:06:44
  To say, hey, if you work for me and trade 30 years of your most
• 1:06:48
  valuable time, your your youth and when you retire we say we'll
• 1:06:52
  pay you this, we're actually going to do it.
• 1:06:54
  And workers will start to demand, hey, you had better have
• 1:06:57
  Bitcoin in our portfolio to help support our our, the health of
• 1:07:02
  our total portfolio. It's going to be demanded
• 1:07:05
  because again this isn't a doomsday theory that the
• 1:07:08
  pensions have been burned time and time again by the legacy
• 1:07:12
  system. Because it's easy to take 20%
• 1:07:16
  from the workers rather than, you know, punish the big massive
• 1:07:20
  corporations that run politics and everyday life and and have
• 1:07:24
  the ability to inflict pain. It's easy to just hit the
• 1:07:27
  worker. Not anymore.
• 1:07:29
  And and workers are going to demand Bitcoin in their
• 1:07:32
  pensions. It's a guarantee they will.
• 1:07:35
  Absolutely love it, Dom. Well, to you and the whole Proof
• 1:07:39
  of Workforce team, you know, Godspeed.
• 1:07:42
  More power to you. I can't wait to see what else
• 1:07:45
  you guys are doing. Shouts out to Chris.
• 1:07:48
  Love you bro. Shouts out to the blue collar
• 1:07:50
  Bitcoin guys. Good hanging with you and Dom,
• 1:07:54
  really appreciate you coming on I I hope.
• 1:07:56
  You know, we we did temper our bullishness with a little a
• 1:07:59
  little dose of sober reality for the people out there.
• 1:08:02
  And I know our audience usually is kind of on the younger side,
• 1:08:07
  but get in touch with proof of workforce guys, maybe for your
• 1:08:11
  parents, you know, aunt, uncles, people that are a part of the
• 1:08:16
  system, blue collar workers. I come from a blue collar family
• 1:08:19
  as well and and I really do believe that the average person.
• 1:08:23
  Needs Bitcoin more than any of the black rocks of the world or
• 1:08:28
  any of the institutional investors of the world.
• 1:08:30
  I really try to angle my conversations for why does the
• 1:08:36
  everyday person need Bitcoin today?
• 1:08:38
  What does that? What does Bitcoin solve for them
• 1:08:40
  in their lives today? And so, Dom, more power to you.
• 1:08:44
  I can't wait to see what you're doing.
• 1:08:45
  And next time you got some big news to announce.
• 1:08:49
  Coming back on so we can get bullish.
• 1:08:50
  Anyways, guys, let's get into the meme review because This is
• 1:08:53
  why you come to the show anyways.
• 1:08:54
  You go through all of that just to get some memes.
• 1:08:57
  So here we go, the daily meme review.
• 1:09:10
  All right, boys and girls. Mainly boys, but some girls.
• 1:09:14
  Shouts out to the girls out there in the chat hanging out
• 1:09:16
  with us and our viewers and and our viewers we love you love
• 1:09:19
  lovely ladies. Anyways, this is the main review
• 1:09:22
  where you tag me in memes either at simply Bitcoin TV on Twitter
• 1:09:26
  or or you can tag my personal account at Optimus Fields till
• 1:09:32
  till further notice till my notifications get blown up too
• 1:09:35
  much. I I I am still taking the tags
• 1:09:38
  of not only your own memes. Putting them on the show or drop
• 1:09:42
  them in our telegram? T dot me slash simply Bitcoin
• 1:09:44
  TV. But guys, please give me the
• 1:09:47
  tweets. I I know you guys like to steal
• 1:09:49
  memes and and memes are meant to be stolen, but I'd like to give
• 1:09:53
  people their credit. I I don't.
• 1:09:54
  I don't want to just take the meme from the from the from the
• 1:09:58
  telegram group I I want to give them their their their due
• 1:10:00
  diligence. All right.
• 1:10:01
  Anyways you already know the deal guys.
• 1:10:03
  Tweet to the bullets. Memes are the artillery.
• 1:10:06
  Continue to the corporate press. Continue to get the calls of
• 1:10:10
  action out there. Continue to make the funnies so
• 1:10:13
  your friends and families heads stay in the game.
• 1:10:16
  We are winning. We are we're we're we're winning
• 1:10:19
  so hard. It's absolutely incredible that
• 1:10:21
  our memes are hitting mainstream consciousness.
• 1:10:25
  And one of those is this first one here by Steven Lubka.
• 1:10:28
  Again, sorry Steven I I forget how to say your Twitter name.
• 1:10:33
  Dazzambala Huddle. And he goes, when will you join
• 1:10:36
  the flight to quality? And here's all of us bitcoiners
• 1:10:41
  joining the flight to quality. And it's a Bitcoin plane here.
• 1:10:45
  And it's all of us getting aboard, exiting the Fiat matrix,
• 1:10:51
  getting on the bright orange future, getting on the Bitcoin
• 1:10:53
  standard and protecting ourselves.
• 1:10:56
  Guys, this is what it's about. Stop trusting other people with
• 1:10:59
  your money, as time and time has shown us over and over again.
• 1:11:05
  If you trust someone with your money, they will abuse it.
• 1:11:07
  Or as Dom was telling us, you know you, you trust someone with
• 1:11:09
  your pension funds. They will get abused.
• 1:11:12
  They do not care about the little man.
• 1:11:13
  But hey, Bitcoin is for the people anyways.
• 1:11:16
  Next meme is by Big Sean Harris and he just does a if you know,
• 1:11:19
  you know meme and Big Sean Harris.
• 1:11:22
  We do not endorse this because you know you should have your
• 1:11:26
  seed phrase on something more than paper.
• 1:11:29
  But I absolutely love this. This is a goofy from.
• 1:11:31
  I'm pretty sure this is The Goofy Movie.
• 1:11:33
  Gang Man. Throwback.
• 1:11:34
  Wow. Actually love this movie.
• 1:11:37
  Great movie. Great.
• 1:11:38
  Choice. And it's goofy crying, closing
• 1:11:42
  the door, you know? Teary eyed.
• 1:11:44
  Just looking so lovingly and it goes, me saying goodbye to my
• 1:11:47
  seed phrase one last time before I close my sock drawer.
• 1:11:50
  If you know, you know, it's almost like the meme of everyone
• 1:11:55
  has their seed phrase in their sock drawer is like the
• 1:11:57
  strongest meme out there. Make sure it's backed up on
• 1:12:00
  something more than just paper in your sock drawer, guys.
• 1:12:02
  Maybe it could be a seed, a titanium seed phrase in your
• 1:12:06
  sock drawer, but just make sure it's not just.
• 1:12:08
  On paper, in your seed phrase, seed phrase could be your sock
• 1:12:11
  drawer itself. The seed phrase could be your
• 1:12:13
  sock floor. Yeah, exactly.
• 1:12:15
  X gets it Okay next meme is by Greg Zaj, AKA Greg Zaj.
• 1:12:19
  One on Twitter and he goes, It's that time of the year and here's
• 1:12:23
  a screenshot from The Sopranos. And he goes, hey Greg.
• 1:12:26
  I know you like Bitcoin, but what do you think about this
• 1:12:29
  shit coin and Greg is Tony Soprani goes, I can't have this
• 1:12:32
  conversation again. I I can't do it.
• 1:12:34
  Oh my goodness. I literally was telling Rustin I
• 1:12:36
  had this conversation last night with a friend.
• 1:12:39
  I was telling him what I'm doing now, you know, simply Bitcoin
• 1:12:41
  media and verbatim he's like, what do you think of SBF?
• 1:12:45
  And I'm like, Oh my God, the shit corners make us all look
• 1:12:48
  bad. It is Bitcoin only.
• 1:12:50
  Yeah, it's just here we go, Here we.
• 1:12:53
  Go again. I can't have this conversation
• 1:12:55
  again. And guys, remember, you know
• 1:12:56
  Thanksgiving's coming around. Christmas is coming up.
• 1:13:00
  I know your uncle, not Uncle Jim.
• 1:13:02
  But Uncle Greg is going to ask you, or wait, rather uncle.
• 1:13:06
  What's this guy Salvatore is going to ask you?
• 1:13:09
  Uncle Giuseppe. Yeah, Uncle Giuseppe is going to
• 1:13:12
  ask you Hey, I know you like Bitcoin.
• 1:13:13
  But what's your thoughts on this shit coin?
• 1:13:15
  I can't have this conversation again, Unk.
• 1:13:18
  Anyways, how would Tony say, oh look, what age?
• 1:13:21
  I can't have this conversation again.
• 1:13:22
  Not this time. Come on, get the hell out of
• 1:13:25
  here. Oh, not this conversation again.
• 1:13:28
  All Right, next meme is by not Jerome Powell, AKA.
• 1:13:33
  At Ali Farhat 79 he just goes inflation and I'm sure wow I
• 1:13:40
  didn't even connect this that I mentioned the SBF story with my
• 1:13:43
  friend and here I have a meme on FBF and what's this Caroline
• 1:13:46
  Ellison? Anyways, I'm sure you guys saw
• 1:13:48
  these court drawings and I I don't even know if this one's
• 1:13:51
  real. This might just be like a troll
• 1:13:54
  here. But anyways, we have SBF and
• 1:13:56
  Caroline Court drawings and we have peak 9.1% and this is the
• 1:14:00
  first ones and they just. They look like gollums.
• 1:14:03
  They just, they look extremely bad.
• 1:14:05
  And then September, the three-point 7% rating, the
• 1:14:08
  official rating and it's SBF, you know walking in the court
• 1:14:12
  looking very shook. And Karen Caroline Ellison, you
• 1:14:16
  know, in her company photo And then we have the memes.
• 1:14:22
  We have fed target rate of 2% and we have like dude, this Chad
• 1:14:27
  SBF court guard and this can't be real or he paid off the court
• 1:14:30
  artist or something. And then this is great.
• 1:14:33
  This is great. The face.
• 1:14:34
  Tune on Caroline Ellison. She's looking like.
• 1:14:36
  You know an Instagram, Instagram thought and you know looking.
• 1:14:41
  You know, you know, you know what she's looking like.
• 1:14:43
  All right. Anyway, next one is by Cold Hard
• 1:14:46
  Sats and we got the classic Sailor.
• 1:14:49
  Going into interstellar hyper hyperspace.
• 1:14:53
  When he tells you it's going up forever, Laura and cold heart
• 1:14:56
  stats goes. Me at dinner after three.
• 1:14:58
  Glasses of wine. When my friend mentions prices
• 1:15:00
  are way higher than they used to be.
• 1:15:03
  Hey Bitcoin, it's going up forever, Laura.
• 1:15:05
  It's almost like inflation is extremely high, and it's almost
• 1:15:08
  like they're stealing your purchasing power.
• 1:15:09
  And it's almost like the Fiat system is going to continue to
• 1:15:13
  print money, and it's almost like bonds.
• 1:15:17
  Mabloa It's almost like they're dropping U.S.
• 1:15:19
  Treasury. It's almost like it's a perfect
• 1:15:20
  storm for Bitcoin and it's going up forever, OK?
• 1:15:23
  And last one is by. Smeet bot.
• 1:15:26
  Smeet under Score Bot and he goes, But I thought criminals
• 1:15:29
  only use Bitcoin and I had to bring this one on considering
• 1:15:34
  that we've been covering everyone's favorite nanny
• 1:15:37
  politician, AKA Elizabeth Warren.
• 1:15:40
  And she's trying to paint all of us bit corners as criminals,
• 1:15:43
  even when when we have good guys like Dom coming on the show,
• 1:15:46
  explaining to the world, to all of you out there that we are not
• 1:15:50
  only trying to protect ourselves, but educate people
• 1:15:53
  out there so that they know there's an option.
• 1:15:56
  Because everything is not as rosy as you might have been led
• 1:16:00
  to believe. Anyways, this is what, 100,000
• 1:16:03
  million billion, $336.3 billion? That banks have paid in total
• 1:16:10
  fines in the last 22 years, but I thought criminals only use
• 1:16:14
  Bitcoin. I'd I'd also love to see total
• 1:16:16
  value lost from legacy finance. Whether it's like companies that
• 1:16:20
  went to zero, you know that that's got to be an impressive
• 1:16:24
  number too. Just look at First Republic
• 1:16:26
  alone. It's probably more than a lot of
• 1:16:28
  Bitcoin lost ever. Yeah, it's literally half of the
• 1:16:32
  Bitcoin market cap. Today I'm gonna be careful with
• 1:16:35
  this one, but. You know, didn't Jamie Dimon,
• 1:16:37
  like one of his top clients, have a island somewhere that was
• 1:16:41
  oh shit, OK, Or have. A boat found with, you know,
• 1:16:46
  white powdery substances and stuff like, hey, let's let's not
• 1:16:49
  talk about all this criminal stuff, you know, sweep it under
• 1:16:52
  the rug. But with all said and done,
• 1:16:54
  everyone knows that Bitcoin is the thing you need to be
• 1:16:59
  holding. And in in in honor of the sailor
• 1:17:03
  meme. What's the second best?
• 1:17:05
  There is no second pass. I I I told Dom that I would
• 1:17:10
  abuse the soundboard today. Anyways, guys, drop your meme
• 1:17:13
  review score in the chat. Do it now or you should have
• 1:17:17
  done it like a minute ago so that we don't have a delay.
• 1:17:20
  So I I don't cut off your meme review scores early.
• 1:17:24
  Anyways, I try not to give people free plugs on the show,
• 1:17:31
  but I am a huge Doctor Bronner's fan.
• 1:17:35
  Doctor Bronner's, You guys want to sponsor us?
• 1:17:37
  I'd be OK with this. I got the Doctor Bronner's all
• 1:17:40
  in one toothpaste. I've never tried this.
• 1:17:43
  I don't even know if it's that good.
• 1:17:44
  But it is fluoride free. So you know, you know, it's
• 1:17:49
  minimize the fluoride guys, you know?
• 1:17:53
  Try not to fluoridate your pineal gland, guys.
• 1:17:56
  Get yourself some fluoride free toothpaste.
• 1:17:59
  I'm, I'm, I'm trying some. I'm going on a limb with this
• 1:18:01
  Doctor Bronner's I love. That's one thing Alex Jones got
• 1:18:04
  right. I just hey, I just, I just hit
• 1:18:07
  the dentist yesterday and got two chipped teeth fixed that I
• 1:18:10
  had chipped for like 2 years. That's what happens when you get
• 1:18:12
  older. When you chip your tooth, you're
• 1:18:14
  like let's ride this out for like 4 years.
• 1:18:16
  I'm literally in that same boat. I have a chip tooth I need to
• 1:18:19
  hit the dentist, but you know, I got to show up here every single
• 1:18:22
  day and I I can't get a freaking appointment.
• 1:18:25
  I tried to do it back home and it took them too long.
• 1:18:28
  Anyways, Anyways, Ruston, what's your meme score?
• 1:18:30
  We're going to save the best for last.
• 1:18:32
  Yes. All right.
• 1:18:33
  So we're still kind of in the spirit of.
• 1:18:35
  Halloween here and if you're you're using your cuck bucks.
• 1:18:38
  You're in Jerome Pell. Buffalo Bill.
• 1:18:41
  Jerome Pell's basement. OK, do not put the Fiat money.
• 1:18:46
  Do not put the Fiat money on your skin, OK?
• 1:18:49
  Get the hell out of that basement.
• 1:18:51
  Stack some sats and keep your skin.
• 1:18:54
  Don't let Jerome Pell wear it around and stuff.
• 1:18:56
  Wow. Of of course, Ruston.
• 1:18:58
  Always. Gets these.
• 1:19:00
  Meta answers here that are. Borderline going to.
• 1:19:03
  Get us banned on YouTube anyways Anyways, what do you mean if you
• 1:19:07
  score? I'm.
• 1:19:11
  I'm sticking with my I'm sticking with the Bouquet Lee
• 1:19:16
  Piggy Bank here and I don't know, we're going all 10s across
• 1:19:22
  the board. I will just say this, we need to
• 1:19:24
  upgrade that airplane. Steven, we got that.
• 1:19:27
  That Bitcoin plane should be like a Hyperjet because I'm
• 1:19:30
  tired of flying on the same model of airplane from 1960.
• 1:19:35
  Let's upgrade this. Let's get a Hyperjet.
• 1:19:37
  That's a true Bitcoin flight to safety.
• 1:19:40
  Love it. Love it.
• 1:19:40
  I would also double down. Let's make it fun too.
• 1:19:43
  So like, so plain esque, you know, like a little soul plane
• 1:19:48
  and you can like teleport. Teleport onto it.
• 1:19:51
  Yeah something like that Something Elon can do it.
• 1:19:54
  I'm. Sure, maybe something like that.
• 1:19:55
  All right. So I see some scores rolling in,
• 1:19:57
  but. I'm going to give you some more
• 1:19:58
  time guys. If you like the show, support
• 1:20:02
  the show by getting some merch. It's made by our boys over at
• 1:20:06
  Represent shouts out to the boys that represent bitcoiners.
• 1:20:10
  They have great, great gear over there.
• 1:20:12
  We have T-shirts. Right now we have the orange
• 1:20:15
  hoodie I've been wearing. I know before Matthew J chimes
• 1:20:18
  in on the chat. I will get you hat we are in
• 1:20:21
  talks. I, I am even I've been talks to
• 1:20:23
  getting you guys some mugs. We're going to get you guys some
• 1:20:26
  female sizes as well. We're in talks with a a Bitcoin
• 1:20:30
  artist to get you guys some simply Bitcoin limited edition
• 1:20:34
  themed arch on the shirts. I'm kind of angling towards a
• 1:20:38
  little more opposite friendly this time.
• 1:20:40
  So we have to work on on the designs and stuff for you guys.
• 1:20:42
  But we're working it. They're going to be dope.
• 1:20:45
  We and and guys, yeah, like. The attention to detail here,
• 1:20:48
  we're not just going to do like shitty drop shipping sites for
• 1:20:51
  you guys like we're making sure it's good quality.
• 1:20:54
  We got to order it first so you know scan the QR code.
• 1:20:57
  We appreciate all this more getting jocked all these look.
• 1:21:01
  Good on the pipes like they they do, they do work on the sleeves.
• 1:21:05
  There's the print of like you know it's Bitcoin or slavery.
• 1:21:09
  They do some good work. So we're we're going to make you
• 1:21:12
  look stylish, boys and girls. All right.
• 1:21:14
  Anyways, let's let's get into some of these scores, guys,
• 1:21:18
  because they're they're rolling in.
• 1:21:20
  Here we go. All right.
• 1:21:22
  I remember. Hey, you know what?
• 1:21:23
  This reminds me of I remember. I sent y'all a meme back in the
• 1:21:27
  day. Opti, I wonder if you remember,
• 1:21:29
  but it was the one of the Nintendo Mike Tyson punch out.
• 1:21:32
  And yeah, and it had all the different characters, but I just
• 1:21:37
  remember. That dude.
• 1:21:38
  I remember that too, because I butchered all the all the
• 1:21:42
  characters in it. Glass Joe.
• 1:21:44
  Glass Jaw Joe. OK, anyways, let's.
• 1:21:48
  Get into these meme review scores, all right.
• 1:21:52
  First one is by Elaine and she goes score.
• 1:21:56
  Retirees take funds out of banks to buy BTC.
• 1:21:59
  Love simply Stooges rocks. Bitcoin.
• 1:22:02
  Yeah, simply stooges. Coming soon.
• 1:22:05
  Rebrand soon. OK, Matthew J.
• 1:22:07
  Meme score one flight to quality.
• 1:22:11
  OK. Next one is by Will Wertheim and
• 1:22:15
  he goes Meme score. Swapping frequent customer point
• 1:22:18
  for things I need and swapping Fiat for Bitcoin I need.
• 1:22:21
  Yes, this is the way. This is the way.
• 1:22:23
  OK, Elaine. Yeah, yeah.
• 1:22:25
  Shoot me. Sorry guys.
• 1:22:28
  Recipe for some toothpaste. Would love that.
• 1:22:30
  Would love that. OK, next one is by Psycho 05 and
• 1:22:34
  he goes mean score. Laura finally knowing it goes up
• 1:22:37
  forever. She's coming around.
• 1:22:39
  Yes, yes. All right.
• 1:22:41
  Well, wait, actually, actually, I forgot.
• 1:22:44
  Let's see. Do we have some on Rumble?
• 1:22:47
  Yes, we do. OK, Jon Kleb score.
• 1:22:50
  Jerome Powell confirms no confidence policy.
• 1:22:55
  OK, Moran. Score putting out Fiat fires.
• 1:22:59
  Dot dot dot dot too late defensive fire.
• 1:23:05
  Let it burn. Yes.
• 1:23:06
  Let it burn, OK, The Phoenix will rise from the ashes, baby.
• 1:23:10
  Here we. Go.
• 1:23:11
  All right, buzzer, it's not. That we ran out of scores.
• 1:23:15
  It's that the buzzer came. The buzzer came.
• 1:23:18
  Anyways, Rustin, you're filling in tomorrow, but you are putting
• 1:23:23
  it overtime, making content for us.
• 1:23:25
  Whoa. How'd you how'd you do that?
• 1:23:28
  I didn't do that. All right.
• 1:23:30
  Well, let's. Do.
• 1:23:32
  All right. Well, Ruston, what do you got in
• 1:23:33
  the work for the people out there?
• 1:23:34
  What can they keep an eye out for?
• 1:23:36
  All right. So we got some interesting
• 1:23:37
  things coming up. We made some clips of Elon and
• 1:23:42
  Joe Rogan because when two Titans like that get together,
• 1:23:45
  people don't have 3 hours to go through that.
• 1:23:47
  So let's get the meat and give it to the people.
• 1:23:49
  So we got some of that, some good Nuggets in there,
• 1:23:51
  especially AI Skynet type stuff. Implications of that.
• 1:23:55
  But we also know what Elon says, you know, AI can't break
• 1:23:58
  Bitcoin. Bitcoin is your defense against
• 1:24:00
  Skynet. So basically we have that.
• 1:24:02
  Then we got Bitcoin is the safe haven.
• 1:24:04
  We've hit on that a little bit. We're going to build on it.
• 1:24:07
  And I'm trying to think what our oh, Joe.
• 1:24:10
  Nope, Nope. Russell Brand exposes the Fiat
• 1:24:13
  system and then we got some bullish takes from some people
• 1:24:17
  there along with Fidelity. A lot of stuff coming your way.
• 1:24:20
  So set those notifications be ready and the shout outs to the
• 1:24:25
  the Twitter team Jax, Ani, Daft are dropping news and make sure
• 1:24:31
  you're following us there. You know we're getting you
• 1:24:34
  updated. We are coming in hard, coming in
• 1:24:37
  fast, so let's just keep sending, sending out the signal
• 1:24:41
  and getting people on the mission.
• 1:24:44
  We're we got some good stuff coming so be on the lookout.
• 1:24:47
  The shorts are straight. Killing it right now.
• 1:24:49
  Sophie and Dell great job over there.
• 1:24:51
  So yeah, yeah, my my, my show kind of stinks.
• 1:24:54
  So for all of you guys that TuneIn, I greatly appreciate it
• 1:24:58
  and we try to make it fun. So yeah.
• 1:25:02
  Oh, Rustin. Well, good to have you, bro.
• 1:25:04
  We'll see you tomorrow. We'll see you tomorrow, bro.
• 1:25:07
  Anyways, actually we got one rugged meme score but in honor
• 1:25:12
  of our guests. I I feel like I need to read
• 1:25:14
  this. So tore up huddle says rugged
• 1:25:16
  meme score. Dom Hulk size, gamma squeeze on
• 1:25:20
  Fiat. Rest in peace.
• 1:25:21
  No corners. It's simple math and SA house.
• 1:25:25
  Yes. Yes.
• 1:25:26
  OK well Dom, thanks for coming on bro.
• 1:25:29
  Really appreciate you. I I absolutely love hanging out
• 1:25:33
  with you. I can't wait to see you again
• 1:25:35
  but dumb. What do you want the people to
• 1:25:37
  look out for? Where can people get in touch
• 1:25:39
  with you? What you got work working over
• 1:25:41
  there? So yeah, just hey, anyone that
• 1:25:44
  wants to. Bring Bitcoin to their workplace
• 1:25:46
  or organization or union. Please reach out at Proof of
• 1:25:49
  Workforce. You can find me at my Twitter
• 1:25:52
  Baywatch 1 long story about the name, I'll tell it next time.
• 1:25:56
  I'm on www.proofofworkforce.org and need more supporters for our
• 1:26:02
  proof of workforce non profit Twitter, which is Workforce BTC
• 1:26:07
  on Twitter dude. Thanks so much for having me on.
• 1:26:11
  I want to say on this show, I grew up listening to a lot of
• 1:26:14
  radio as a kid. That's how old I am and I
• 1:26:18
  believe Opti, I think you are one of the best radio like like
• 1:26:22
  just personality. Like you you could be doing
• 1:26:25
  radio or shows anywhere. And I I think we're incredibly
• 1:26:30
  blessed to have you in Bitcoin because like you rock it dude.
• 1:26:34
  You get everyone pumped up, you educate folks and you're you're
• 1:26:36
  an All Star dude, so. I'm really grateful for being on
• 1:26:40
  here and I love best comments of any show is simply Bitcoin.
• 1:26:45
  The the comments are are always like off the charts.
• 1:26:48
  So, well, Dom really appreciate the nice words, guys.
• 1:26:52
  I did not pay him to say those nice things even though he he's
• 1:26:56
  fake newsing us in the beginning.
• 1:26:58
  But really appreciate it. And on that note, hold on, on
• 1:27:01
  that note. Let's go.
• 1:27:04
  OK All right guys. Well, you already know the deal.
• 1:27:08
  We love you. I hope you guys enjoyed.
• 1:27:10
  Today's show was a wide-ranging conversation.
• 1:27:14
  All you really need to know though, 21 million hardcap
• 1:27:17
  digital money for digital World. It's going up forever.
• 1:27:20
  Laura, make sure you are taking Bitcoin into custody.
• 1:27:24
  This is the way to protect yourselves anyways.
• 1:27:26
  Like subscribe, share or even just fake share, hit that share
• 1:27:31
  link and hit us in the algos so that we can get this message out
• 1:27:34
  to more and more people on the YouTube verse.
• 1:27:37
  Anyways guys, we'll be back tomorrow.
• 1:27:39
  I will be holding it down with Rustin and then we'll be back to
• 1:27:42
  our Noma show on Monday. Again, guys, sorry about the
• 1:27:45
  Twitter spaces. I know you guys are going to
• 1:27:46
  troll me about it, but I got AI got a you know I only have so
• 1:27:51
  much bandwidth up here guys. So I until further notice we
• 1:27:55
  probably won't be doing spaces. So you got to come over here on
• 1:27:58
  YouTube or you got to watch the the Twitter video.
• 1:28:01
  Anyways guys we love you. We will see you tomorrow.
• 1:28:04
  Peace out.