Latest / Simply Bitcoin / OFFICIAL: Multiple Nation States to Adopt Bitcoin | EP 1226

Transcript

OFFICIAL: Multiple Nation States to Adopt Bitcoin | EP 1226 · Simply Bitcoin

• 0:00
  Yo, Donald Trump's. Bitcoin plan could no longer be
• 0:04
  ignored. We have new information that the
• 0:06
  founder of one of the largest exchanges in the world is now
• 0:10
  advising nation states with hundreds of millions of people
• 0:13
  on how to implement a strategic Bitcoin reserve.
• 0:18
  You heard that right. Stay tuned today because we're
• 0:20
  going to be uncovering who this billionaire is, where these
• 0:23
  silent nation states are, and why this could be the catalyst
• 0:27
  for Bitcoin's next move higher. Before we jump into the article
• 0:32
  covering this is actually a Financial Times article, believe
• 0:35
  it or not, let's jump straight into it it here on Financial
• 0:39
  Times. The headline is finance acting
• 0:42
  as advisor to governments on crypto regulation.
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  So on top of that, you're reading that headline and you're
• 0:48
  like, what does that have to do with the strategic Bitcoin
• 0:51
  reserve? Well, if you dig deeper into the
• 0:54
  text, it explicitly mentions it. So let's check it out.
• 0:58
  Finance, the world's biggest cryptocurrency currency
• 1:00
  exchange, which in 2023 pleaded guilty to US criminal charges,
• 1:04
  is advising several countries on creating their own digital asset
• 1:08
  regulations. And here's the key point and
• 1:11
  establishing national strategic Bitcoin reserves.
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  Couple things to unpack their number one, they didn't say
• 1:17
  national crypto reserves. It says national strategic
• 1:20
  Bitcoin reserves. That's number one.
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  Number two, I find it interesting the first part where
• 1:26
  it says which in 2023 pleaded guilty to US criminal charges.
• 1:30
  The reason for that is I never forget the finance DOJ press
• 1:34
  conference. They said the word terrorism
• 1:36
  like 50 times like I was looking at that.
• 1:40
  I was like, no, I, I I think that this is operation choke .2
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  point O in full force. Remember, Arthur Hayes, founder
• 1:47
  of Bitmax and CZ were both charged by the DOJ.
• 1:53
  Arthur Hayes was actually pardoned by President Trump.
• 1:56
  And CZ was actually invited to the White House crypto summit
• 2:01
  that the president had about like a month ago or so.
• 2:04
  So it's, it's interesting, right?
• 2:06
  But it's interesting how they tried to frame it that way,
• 2:08
  like, oh, this, you know, finance criminal, you know,
• 2:11
  committed all these crimes anyways.
• 2:13
  Richard Tang, the firm's chief executive, told the Financial
• 2:17
  Times that the US is more crypto friendly.
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  The approach under President Donald Trump, including plans to
• 2:22
  set up a regulatory framework for digital assets and a
• 2:24
  national stockpile, was spurring other countries into taking
• 2:28
  similar action. I mean, what have we been
• 2:30
  telling you for months now? Here at Simply Bitcoin, we've
• 2:34
  been telling you that the game theory is inevitable for other
• 2:38
  countries to start acquiring Bitcoin because they fear leave
• 2:42
  it getting left behind by the United States.
• 2:44
  Compared to many other jurisdictions, the US are way
• 2:47
  ahead on that front. The firm has been approached by
• 2:50
  quite a lot of countries to help them with formulating their
• 2:53
  regulatory framework to govern crypto, he added.
• 2:57
  He declined to name countries that the firm is working with.
• 3:00
  The news comes less than 18 months after Binance pleaded
• 3:03
  guilty to criminal charges related to money laundering and
• 3:06
  breaching international financial sanctions and agreed
• 3:10
  to pay more than $4.3 billion in penalties.
• 3:13
  Co founder and CEO CZ stepped down and was replaced by Tang
• 3:19
  Zhao, later served four months in prison.
• 3:22
  Earlier this year, France deepened its investigation into
• 3:25
  Binance on suspicion it broke European money laundering law,
• 3:28
  money money laundering and terrorist financing financing
• 3:31
  laws between 2019 and 2024. Binance has denied the
• 3:36
  allegations and said it will vigorously fight any charges
• 3:39
  made against it now. OK, when they say that, I'm not
• 3:43
  saying that, you know, people didn't use Bit Max or finance to
• 3:49
  break the law. I'm not saying that.
• 3:51
  But what I'm saying is I think governments are using money
• 3:57
  laundering and terrorism as an excuse to go after on ramps and
• 4:03
  off ramps in the case of Nigeria was really interesting.
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  It was like one of the first countries in Africa to launch
• 4:09
  ACBDC. And it was a total failure.
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  No one really wanted to adopt it because it doesn't solve the two
• 4:17
  issues that Bitcoin solves, which is, you know, gets rid of
• 4:20
  inflation and it's censorship resistant.
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  And instead of the government, Nigeria, taking responsibility,
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  what they did was they arrested one of the finance executives in
• 4:29
  the country, right? And I think you saw a very
• 4:33
  similar kind of behavior coming out of the DOJ, coming out of
• 4:36
  the United States when they went after CZ, when they went after
• 4:40
  Arthur Hayes. Like, you know, OK, I'm, I'm
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  positive that a percentage of people using Bitmex or Binance
• 4:48
  were committing crimes 100% That that's undeniable, right?
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  The platforms are so big, but I think they use that as an excuse
• 4:57
  to go after those platforms and to go after those founders.
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  And if you look at the data, right, when banks essentially
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  commit these same crimes, you don't see the founders of those
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  banks get thrown in prison. Those banks get fined.
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  There's a big difference. And by the way, the multitudes
• 5:16
  of money like illicit, most of illicit finance is happening in
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  the traditional financial system, not Bitcoin.
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  But of course, they conveniently all leave all of that out.
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  So the framing here is really important.
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  Anyways, it goes on to say the US has also imposed A5 year
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  monitoring program, which came into effect last year on the
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  exchange to ensure compliance overseen by its Financial Crimes
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  Enforcement Network. Tank said nearly 1/4 of finances
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  6000 employees worked in compliance and would continue to
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  invest heavily in this area. The company was now quote in a
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  form and shape that regulations appreciate much more compared to
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  the past. This month, both these are the
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  two countries. Both Pakistan and Kyrgyzstan
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  announced that Zao had begun advising them on developing
• 6:00
  crypto regulations in the use of blockchain technologies.
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  Roy Doyle, head of financial crime policy at Compliance
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  Software Group, said global anti money laundering rules have been
• 6:09
  updated in recent years to capture cryptocurrency
• 6:12
  companies. Money laundering is a 2 to $3
• 6:15
  trillion a year business and crypto is getting into line.
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  Crypto is becoming more mainstream and firms are making
• 6:22
  money from legitimate business. It's just starting not to be
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  worth being negligence in your procedures.
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  Since 10 said the exchange was helping a number of countries
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  set up national strategic Bitcoin reserves.
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  I mean, they only give it one sentence and they put it towards
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  the end, which is somewhat depressing.
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  But this is awesome. This is the signal from this
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  entire article. I mean, it matches the headline
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  of the video. This is it right here.
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  You have to pay attention to what is happening in the
• 6:52
  background. So yes, the price might be going
• 6:55
  sideways. You know, we might be chop
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  solidation. Bitcoin's a new stable coin.
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  Can't deny all those things, right?
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  This is one of the most bullish cycles from a price perspective,
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  from a from a, you know, from a from a price perspective, it's
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  been, you know, it's been somewhat, you know, somewhat
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  docile to say the least. But if you pay attention to
• 7:18
  what's happening in the background, it's incredibly
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  effing bullish, right? You have the United States, the
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  world's most powerful government, militarily and
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  economically most powerful country in the world, saying,
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  listen, we want a strategic Bitcoin reserve.
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  And as we've been predicting over these many months here at
• 7:37
  simply Bitcoin, that essentially spurred all these other
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  countries into following in the footsteps and saying, hey, you
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  know what, we want strategic Bitcoin reserves as well.
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  So it goes on to say, quote, we have actually received quite a
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  number of approaches by few governments and sovereign wealth
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  funds on the establishment of their own crypto reserves.
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  Trump last month ordered the creation of AUS Strategic
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  Bitcoin Reserve and Digital Asset Stockpile, although the
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  news disappointed traders hoping the plan would trigger a wave of
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  large scale government purchases of digital assets.
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  Bitcoin surged to a record of 108,000 per token in the wake of
• 8:20
  Trump's victory last November. However, the prices tumbled 10%
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  this year as momentum faded and investors have sold riskier,
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  risky assets on fears over the impact of Trump's aggressive
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  tariff policy. It goes on to say the US said it
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  would only hold assets that have been forfeited to the country's
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  law enforcement authorities. the US currently controls Bitcoin
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  and other coins worth roughly $17.1 billion.
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  But I, I, I kept keep saying this, right, This article, it's
• 8:49
  interesting how it's framed, right?
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  I would say it's framed in a more negative light, like it's
• 8:55
  trying to tell you certain narrative because we've played
• 8:57
  you many, many clips of the person who's advising Trump on
• 9:02
  digital assets, Bo Hines and of course, Senator Cynthia Lamas.
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  You know, they are trying to push forward so that the US
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  government acquires more Bitcoin.
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  We keep saying, we keep hearing them say where there's Howard
• 9:18
  Lupnik Bohines. You know, we have every
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  intention to acquire more Bitcoin in a budget neutral way.
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  So it's interesting the article just kind of leaves that out
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  anyways, goes on to say supporters of a Bitcoin reserve
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  argue that the US should build a stockpile that could serve as an
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  alternative to the dollar. Bitcoin has been likened by
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  proponents to digital gold as an asset that cannot be debased by
• 9:40
  central banks or government policies.
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  The return of Donald Trump to the White House has shifted EU s
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  s stance on Binance. the US market regulators, the SEC pause
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  it's investigation into Binance and it's US arm after Trump's
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  inauguration as president. So Opti was cheering Gary
• 9:58
  Gensler yesterday kept saying, yeah, OK, you know, he's talking
• 10:02
  nice about Bitcoin and he's a Bitcoin maxi.
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  But words are cheap. Actions are expensive.
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  The SEC was going after, you know, and I would say it was
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  political. And the, the reason that I'd say
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  it's political is because I think that other members of the
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  opposing party had every ambition and intent of
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  essentially trying to create a monopoly so they can roll out a
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  central bank digital currency. There was a bill that was passed
• 10:32
  in the House last year that essentially would make it
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  illegal for the US government to roll out of CBDC.
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  It was literally voted on against party lines.
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  So like, you know, Republicans voted for the bill that would
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  make CBDC's illegal. And then the Democrats, not all
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  of them, but most of them voted for the bill that would allow
• 10:52
  the federal government to roll out of CBDC.
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  I don't think you can have a CBDC and Bitcoin coexisting,
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  right? To use Christine Lagarde's own
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  words, Bitcoin will would serve as an escape valve, right?
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  Like if people had a choice between a deflationary currency
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  and something that's censorship resistant versus a currency
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  that's able to be censored and able to be debased, like
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  eventually most people would choose the better currency,
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  right? So they don't, they can't have
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  that competition and I believe that was a major motivator,
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  motivator as to why they started targeting anything that related
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  to the industry at all. Anyways, it goes on.
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  Tang, who runs the international business of Finance, said that
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  the company had benefited greatly in the past few months
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  from the policies coming out from the USI think the sentiment
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  has shifted a lot. He also said Finance was working
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  hard, very hard, on plans for a global headquarters for the
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  exchange, a move that would break with its pass when Zhao
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  Long insisted it had no formal home quote.
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  It requires serious celebration and the board, the senior
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  management are spending a lot of time doing the evaluation and
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  hopefully we are able to announce our intentions on that
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  front. OK, so read the entire article,
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  pretty good article from F from the Financial Times.
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  Now I remember why I literally discontinued that subscription.
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  Apparently I still have that subscription.
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  It, it is a little bit bent towards a certain angle.
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  It is a little bit bent towards a certain angle and it omits
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  things, right? Which like if you're paying
• 12:25
  attention, you're like, you know, it's interesting that
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  they're not mentioning that the administration wants to acquire
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  more Bitcoin in a budget neutral way.
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  They don't say that. They should say that, right?
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  It should be mentioned in the article.
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  And then they start off the article basically saying
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  Binance, the world's largest cryptocurrency exchange, pleaded
• 12:47
  guilty to US criminal charges. That is literally the first
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  sentence. So they're setting the tone
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  right from the very beginning. But again, it was just one
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  sentence. But that one sentence was
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  essentially was essentially the signal which is the current CEO
• 13:02
  of finance said that they are helping a number of countries
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  set up national strategic digital asset reserves in
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  response to the change in of administration here in the
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  United States. That is the signal from this
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  entire article. And from a price perspective,
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  from an adoption perspective, that is incredibly bullish.
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  And that's exactly what me and Opti have been predicting based
• 13:29
  on the game theory for the last couple of months.
• 13:32
  So I would say guys stay focused on the prize.
• 13:37
  We are still winning it. Obviously the price doesn't feel
• 13:40
  that way. And I think that there the, the
• 13:44
  price action of Bitcoin, there's an emotional component to it,
• 13:47
  right? Especially if you're one of the
• 13:50
  newer classes like 20/21/22. My advice would be hold on, wait
• 13:55
  a second. If you pay attention to the
• 13:57
  fundamentals, Bitcoin right now is stronger from a hash price,
• 14:02
  hash price perspective and from a regulatory perspective than it
• 14:06
  was when it peaked on January 20th Trump's inauguration day at
• 14:12
  1:09. It's much stronger today on a
• 14:14
  fund on on a on a on a fundamental level than it was
• 14:18
  back then. I think it's just a matter of
• 14:20
  time before the price action catches up.
• 14:23
  Anyways, that's my bit. We have a special guest today.
• 14:26
  We have Cause. Cause is the Co founder of
• 14:30
  Bubble. We're going to be talking about
• 14:31
  that during the culture segment. And of course my legendary Co
• 14:34
  host who's always somewhat optimistic optimist fields.
• 14:39
  It is Friday, we're crawling over the finish line.
• 14:42
  Spend 5 days non-stop shows back-to-back to back.
• 14:47
  Guys, if you guys are enjoying the live stream so far, please
• 14:50
  Smash That Like Button Really, really helps getting this
• 14:53
  message forward. We're currently at 67 likes.
• 14:56
  Smash that Like Button and yeah, Opti, what's your take on all
• 14:59
  this, brother? Yeah, I think the biggest
• 15:01
  signal, like you said, was that one sentence, though added to
• 15:05
  it. It wasn't just nation states or
• 15:06
  governments reaching out. It's also sovereign wealth
• 15:08
  funds. And this is something we've been
• 15:10
  talking about for a long time. Well, actually since what, last
• 15:13
  summer essentially, or whenever Trump officially announced that
• 15:17
  he's going to go more pro Bitcoin, we said that this would
• 15:20
  cause ripple effects around the world.
• 15:22
  And now it's actually happening. So as much as we were actually
• 15:25
  kind of trolling before the show off air and in the green room
• 15:28
  about like this price action is very disappointing so far, I'm
• 15:32
  still convinced we're going to have a an explosive end of the
• 15:35
  year. And and I'm even I'm getting
• 15:36
  even more convinced because all of us long time Bitcoiners, I
• 15:39
  mean, we had lap on. Nico and I were just talking
• 15:41
  about this before. So we had lap on and even he's
• 15:43
  like, I have no idea what's going on.
• 15:45
  No one in Bitcoin knows what is going on with the price action
• 15:48
  because we're seeing so much bullish news right now that in
• 15:50
  the past Bitcoin would have already started ripping.
• 15:53
  But the fact that we're kind of going sideways, it is kind of
• 15:56
  incredible to see, especially when you're seeing all of these
• 15:59
  conversations being kicked off because of Donald Trump.
• 16:02
  Again, love him or hate the orange man, he's made a, he's
• 16:06
  basically planted a flag here. And it's like, hey, if you want
• 16:08
  to stay ahead, you're going to have to adopt Bitcoin.
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  Some countries are going the opposite way.
• 16:12
  We see what's happening in the EU.
• 16:14
  We're kind of seeing and there's rumors about what's going on in
• 16:17
  China. And then other people, other
• 16:19
  countries are like, actually, you know what, if the US is
• 16:21
  going into Bitcoin or digital assets, whatever you want to
• 16:25
  call it, then we should also, and it is really incredible
• 16:28
  seeing, you know, the biggest institution of the world, the
• 16:31
  biggest nation state in the world, basically put their stamp
• 16:34
  of approval on Bitcoin and the price is going this stagnant
• 16:37
  right now. No one knows what's going on.
• 16:39
  But for everyone out there, like the fundamentals of Bitcoin are
• 16:42
  have never been better. I think it's the least risky
• 16:45
  time to buy Bitcoin, obviously. And we get cheap sets.
• 16:48
  So everyone out there like the price action, yes, it's, it's a
• 16:52
  little disappointing so far, but this is an opportunity to
• 16:55
  acquire more Bitcoin than we ever thought.
• 16:57
  So you know, it, it's it's Silver Linings all around here,
• 17:01
  Nico. But I think the signal is, you
• 17:04
  know, people are reaching out to talk to CZ or by an answer or
• 17:09
  whoever it is and sovereign wealth funds, and we all know
• 17:11
  the sovereign wealth fund meme. It's like they got money and if
• 17:14
  they even put a portion of their money into Bitcoin as a store
• 17:18
  value, as long as they're actually taking spot Bitcoin
• 17:22
  into custody, like this price is going to RIP.
• 17:24
  So you know, and then, of course, like the the low hanging
• 17:28
  fruit kind of cynical take here is like we all know CZ he's or
• 17:32
  rather, you know, Binance is the biggest shit coin casino.
• 17:36
  So who knows what this crypto advisory for a strategic digital
• 17:40
  asset reserves will look like. But if they are taking a lead
• 17:44
  from the US, then it should be a Bitcoin strategic reserve and
• 17:47
  then they'll do some sort of, you know, shit coin sovereign
• 17:50
  wealth fund play like the US. So, you know, it's not perfect,
• 17:54
  but we're, we're, we're dealing with reality here.
• 17:57
  And hey, I think this is a good thing.
• 17:58
  I, I think more countries looking into Bitcoin is
• 18:01
  obviously a positive for the space.
• 18:03
  Now let's just hope that they don't get run bull in and go all
• 18:07
  in on shit coins. But hey, you know, no one's
• 18:10
  going to be perfect here. I, I think nation states
• 18:12
  themselves will have to have to also go through their own shit
• 18:15
  coin phase. So, you know, just keep stacking
• 18:18
  it. It is what it is.
• 18:19
  It's it's a it's, it's a it's a bloody day.
• 18:22
  It's a sad time on the on the Bitcoin price timeline here.
• 18:25
  But I'm, I'm, I'm starting to feel like we're going to RIP
• 18:28
  because we're all being sad and Max Payne memes.
• 18:31
  So that's true, right? When things get, when things get
• 18:35
  quiet, you know, the calm before the storm.
• 18:38
  Anyways, I'm going to pass it on to 'cause we got 'cause in the
• 18:41
  house, 'cause. What are your thoughts on this,
• 18:43
  my friend? Good to see you.
• 18:44
  Welcome back to the show. Hey, thanks for having me on,
• 18:47
  guys. Yeah, I've got a little counter
• 18:49
  optimism here. So what was it?
• 18:51
  China sold like 15 to $20 billion worth of Bitcoin, and it
• 18:55
  didn't even move the market. And so at the same time, yeah,
• 18:59
  we're not as happy about the price moving upwards, but the
• 19:02
  fact that the, like one of the largest sovereign nations that
• 19:06
  holds Bitcoin is selling a major portion of it, and the market
• 19:10
  doesn't even react. It's like we still have so much
• 19:14
  pressure building up that whenever it does move, it's
• 19:17
  going to explode. So I think it's to see that move
• 19:21
  and see, to see it see China sell like that.
• 19:24
  And it's like the market doesn't react.
• 19:26
  Bitcoin doesn't even really drop.
• 19:28
  And it's like, man bit the US used to move Bitcoin around with
• 19:31
  the last administration and they were like, oh, are they going to
• 19:34
  sell it? And it's like the market would
• 19:36
  drop 5%. And now it's like, OK, China
• 19:39
  just sold 15,000 Bitcoin and it didn't even budget the price.
• 19:43
  To me, that's pretty bullish. 100% and we just got a a a post
• 19:48
  by Bitcoin magazine CEO David Bailey says the amount of
• 19:52
  capital flowing into Bitcoin treasuries deals right now is
• 19:55
  pretty startling. There is no way the Bitcoin
• 19:58
  price could stay at these levels.
• 20:00
  The dam will break soon and the rally is going to rip your face
• 20:04
  off. I feel like those things have
• 20:05
  been being. Said for.
• 20:06
  Many months now, but yeah, I mean, I, I think a lot of us are
• 20:11
  kind of scratching our heads, but I kind of want to double
• 20:14
  back up before we move on to the next segment.
• 20:16
  I kind of want to double back on, you know, the signal from
• 20:19
  that article, right? So essentially it's basically
• 20:22
  making the case, look, it's official nation states, you
• 20:26
  know, are looking into strategic Bitcoin reserves.
• 20:29
  You know, there are, they are asking Binance to advise them
• 20:32
  obviously, you know, as as Bitcoin Maxis, right?
• 20:35
  Bitcoin we're big fans of Bitcoin only and where we hear
• 20:38
  that and we're like, Oh yeah, yeah, yeah.
• 20:40
  But you know, I think, I think that's positive overall, at
• 20:44
  least from a price action perspective, like the things
• 20:46
  that are happening in the background, like I've been in
• 20:49
  Bitcoin for a long time now. It's like 9 years.
• 20:53
  I've never seen the news this bullish, never in my, I don't
• 20:57
  remember, I don't have any recollection of any type of news
• 21:01
  at this level. This is stuff that we dreamed of
• 21:04
  back in 2017, back in 2018, but it just never happened like
• 21:08
  this, right? And now it's happening, it's
• 21:10
  happening all at once, but the price is not going along with
• 21:14
  it. And all of us are kind of
• 21:15
  scratching our heads. I mean, dude, like, has it been
• 21:18
  captured? Cause like, you know, like ever
• 21:20
  since the ETFs got involved, ever since governments have been
• 21:23
  saying, hey, we're going to buy Bitcoin, like the price has been
• 21:27
  acting a little bit funky, has it not?
• 21:29
  I mean, everyone is confused. Everyone has these models, these
• 21:32
  predictions on Bitcoin Twitter, and everyone has just got it
• 21:37
  completely and catastrophically wrong.
• 21:40
  Like this is uncharted terrorism 'cause what are your, what's
• 21:43
  your ideas? What are your thoughts, Matt?
• 21:46
  Yeah, I mean, I've been in for a while as well.
• 21:48
  And if you would have told me that we'd be at 84,000 right
• 21:51
  now, I would have called you a liar.
• 21:53
  I thought we'd be much higher. But at the same time, it gives
• 21:57
  everybody a chance to stack. And back on my point about
• 22:00
  China, it's like Bitcoin is the most liquid asset.
• 22:03
  It you can sell it 24/7 globally and there is a trade war going
• 22:08
  on right now and the fact that we are pressuring China to sell
• 22:13
  Bitcoin while we are building a strategic Bitcoin reserve and it
• 22:17
  looks like other countries are as well.
• 22:19
  It's like that's, I feel like that's a little bit of a signal
• 22:22
  in itself. Obviously Bitcoin is the signal
• 22:27
  and it's like, OK, sometimes it's signals to other markets.
• 22:31
  There might be a sell off coming.
• 22:32
  For a long time people have been having this debate.
• 22:35
  Does it correlate with tech stocks?
• 22:38
  And it's like we're in a major trade war.
• 22:40
  The market, the equities market in the US has been pretty
• 22:44
  volatile to say the least in the past two to three weeks.
• 22:47
  And Bitcoin still at 84,000. I mean, it's not like we had a
• 22:51
  flash crash like flash crash like we did in 2020 where
• 22:56
  Bitcoin, you know, drops 50% overnight.
• 22:59
  It's like equities markets all around the world drop, you know,
• 23:03
  5 to 10% on average. And Bitcoin barely budged and
• 23:07
  was back at 84. So it's still, it's, it's
• 23:11
  sending a signal that it's like it's here to stay now.
• 23:14
  Yeah, but what I completely? And actually, I, I do want to
• 23:18
  add to this because I, I did see this chart and I think as
• 23:21
  someone in the chat said, like Opti, give us some opium on this
• 23:24
  Friday because I think everyone's feeling the pain.
• 23:27
  But I saw this chart here this morning and I'm like, man, when
• 23:30
  you kind of look at like this, it is pretty incredible how
• 23:32
  resilient Bitcoin is. And it basically it's a meme
• 23:35
  here. And, and guys, it's Friday.
• 23:36
  I put a meme up here. You're welcome.
• 23:38
  Guys, don't look at the all time highs.
• 23:40
  Look at yearly lows. And when you look at the yearly
• 23:42
  lows, like it is literally going up and to the right.
• 23:45
  Yes, of course we're not seeing blow off tops, but you know 2015
• 23:49
  185, 2016, 365, 2017, 780 then three, you know 3200, then 3400,
• 23:55
  then 55000 then 25K, then 15K16K38K and this year so far
• 24:02
  75 K like it's still going parabolic when you look at the
• 24:06
  all time or look at the yearly lows.
• 24:08
  But I think we we are kind of being a little jaded here
• 24:11
  because they're like this price should be ripping like what
• 24:14
  everything has just said all the news we're hearing we're like
• 24:16
  why isn't the price ripping? But I think really, and I've
• 24:20
  said this before, like the Bitcoin price is a real time
• 24:22
  metric of people's understanding of Bitcoin.
• 24:24
  And someone in the chat was like, no, it's actually the the
• 24:27
  yearly lows is the real time metric of people's understanding
• 24:30
  of Bitcoin. And if you look at that chart
• 24:32
  like it's going up. So you know, it is the best
• 24:35
  store value period. Like what else are you going to
• 24:37
  buy? So as much as we all want to
• 24:39
  blow off top, it's still acting incredibly strong in the face of
• 24:44
  all kinds of crazy uncertainty in the global macro market.
• 24:47
  So, you know, the signal is still people are wanting
• 24:50
  Bitcoin. You should get some Bitcoin.
• 24:52
  You should stack harder and take that Bitcoin into self custody
• 24:55
  because we see the prices going up and to the right.
• 24:57
  And if you are a, you know, a tea tea leaf reader, like look
• 25:00
  at the 200 week moving average. It's literally up and to the
• 25:03
  right. I could pull that chart up, but
• 25:05
  you know, just trust me on this one, bro.
• 25:07
  Or figure out how to use trading view. 200 week moving average is
• 25:10
  is constantly moving up into the right.
• 25:13
  So it's working exactly as designed.
• 25:15
  Of course we, I think, I think we have a depleted dopamine
• 25:19
  receptors here because we aren't seeing the price pump, but
• 25:22
  everything's going according to plan.
• 25:24
  Absolutely guys, if you guys are enjoying the show, we just broke
• 25:27
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• 25:29
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• 25:32
  we're at 1500 live viewers between YouTube and X and seems
• 25:36
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• 25:39
  If you guys are enjoying the show on Rumble, we absolutely
• 25:41
  love the Rumble audience. Make sure to smash that like
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  button. Really, really helps with the
• 25:47
  algos. Guys, we have a hell of a show
• 25:49
  lined up for you guys. Donald Trump is fighting the
• 25:53
  Federal Reserve. He's claiming he wants the fire.
• 25:56
  Powell. Quite interesting.
• 25:58
  Also, Coinbase, it seems like there was a rug pull on
• 26:02
  Coinbase, a $15 million rug pull on Coinbase.
• 26:07
  The name of the mean coin apparently was called Base.
• 26:09
  So we're going to be talking thinking about that during the
• 26:11
  news and of course during the culture segment.
• 26:14
  We have a very special guest today.
• 26:16
  We have cause 'cause is the Co founder of bubble.
• 26:19
  You guys are definitely going to want to hear what it does.
• 26:21
  It's really cool. It's like a podcast AI
• 26:24
  aggregator. It's badass.
• 26:25
  So we're going to be covering all of that.
• 26:27
  It's going to be a hell of a show.
• 26:28
  It is Friday smash the like button.
• 26:30
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• 26:33
  Let's get the show started. Before we do that, I do want to
• 26:36
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  All right everybody, let's hit the numbers.
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  We have tons to talk about. We'll be right back.
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  All right everybody, we are back.
• 29:48
  At the time of recording, the Bitcoin price is $84,550.
• 29:52
  Block height 893,000 six with sats per dollar. 1184 market cap
• 29:59
  1.68 trillion Bitcoin versus gold market cap 7.09% percentage
• 30:04
  issued 94.53% decline from all time high -22.6% realized
• 30:10
  monetary inflation .85% the gram scheme of things.
• 30:15
  We are just getting started, even though it doesn't feel that
• 30:18
  way and I tend to agree with Opti.
• 30:19
  I've been ruminating with what Opti was saying.
• 30:23
  Opti, I think you're 100% spot on.
• 30:25
  What? Exactly.
• 30:28
  Feed. Feed me.
• 30:29
  Vindicate me again. Feed my ego.
• 30:30
  What? What am I right about?
• 30:33
  Opti is right about and nothing and he has been officially taken
• 30:38
  off the show. No, man, you're right about
• 30:42
  essentially you're right about the the general feeling right
• 30:48
  now, dude, because like it's like if the consensus is bored,
• 30:53
  if the consensus is like, you know, Bitcoin is boring, it's
• 30:59
  over, it's done. Like, you know, like that's
• 31:02
  usually the times of the biggest opportunity.
• 31:05
  Like it really is if you the the points of of of deepest despair.
• 31:10
  And this is like a weird despair, right?
• 31:12
  This like current market sentiment because it's like like
• 31:17
  it's not a full blown bear, but at the same time, I think and
• 31:22
  expectations are terrible to have in Bitcoin.
• 31:24
  But I think again, if you're comparing it, could you pull up
• 31:27
  the previous market cycles Opti like it's the only way to to?
• 31:30
  Like really Like are we just doing on the fly change of the?
• 31:35
  Yeah, 'cause I mean, I was thinking about it.
• 31:37
  I was like, this is a fun. This is something fun to talk
• 31:39
  about. Then we'll we'll, we'll, you
• 31:40
  know what? We can let's actually talk about
• 31:42
  this and then we'll talk about the Trump news during the new
• 31:45
  segment. Yeah.
• 31:46
  Let me let me try to find this chart on BIPA.
• 31:48
  I mean, 22% down off the all time high that is so typical for
• 31:54
  a bull market in Bitcoin. I mean, we typically have 5 to
• 31:57
  730% pull backs on the rise. And so I feel like we're in a
• 32:02
  normal range. Yeah, I mean, look, so let me.
• 32:06
  Let me got it. I got it.
• 32:07
  I got it. All right, Thank you, Opti.
• 32:12
  So yeah, so this essentially is comparing all the different
• 32:15
  cycles, everybody, ladies and gentlemen.
• 32:17
  And as you could see, it's bringing, it's been pretty
• 32:23
  effing lane, hasn't it? You know, the green one is 2021,
• 32:29
  the orange one is 2017 and the blue one is 2013.
• 32:34
  And the red 1 all the way at the bottom is, is this cycle now
• 32:41
  just to give you guys like some indication, right?
• 32:45
  If this was 2021, if Bitcoin followed the same price action
• 32:49
  of 2021, we already would have hit 200K by now.
• 32:53
  If Bitcoin followed the same price action as 2017, we'd be at
• 32:57
  900,000. No, over 1,000,000 actually, if
• 33:01
  it followed 2013 would be at 2,400,000, which I think is like
• 33:06
  that. That's completely naive to think
• 33:08
  that because the price, the the law of big numbers starts to
• 33:11
  come into play. But I don't know man.
• 33:13
  Like it would like I, I don't know, I'll, I'll open it up to
• 33:17
  you guys. Like do you 'cause do you
• 33:20
  believe the cycles are over? Men like Opti, we'll leave this
• 33:22
  up. So like the audience could kind
• 33:24
  of like, let's check it out, right?
• 33:27
  Do you think, do you think the cycles are over, man?
• 33:29
  Do you think this is just going to be like a like a, a, a slow
• 33:33
  grind up into the right, which I don't, I don't know, Nico having
• 33:37
  a hard time saying Opti was right about everything.
• 33:41
  So do you, what do you, what do you, what are your, what are
• 33:43
  your thoughts on this cost? I do not think the cycles are
• 33:48
  over. I think with the nation state
• 33:50
  adoption lurking, it's it's a little bit of a slow burn this
• 33:54
  cycle. It's hard for me to even call it
• 33:56
  a bear compared to like the last retail driven cycles.
• 34:01
  We have like new entrance this time.
• 34:04
  I to your earlier point about like has Bitcoin been captured?
• 34:08
  I think there's just a new distraction out there, which is
• 34:11
  MSTR and now you've seen MSTY and people even, you know,
• 34:17
  quote, UN quote Bitcoin Maxis are selling large portions of
• 34:21
  their stack for an equity dividend, which is laughable.
• 34:26
  And so I'm I'm bullish on the slow burn.
• 34:29
  Honestly, it's a little bit painful as a miner, but other
• 34:33
  than that as just a normal Bitcoiner, I'd say like take the
• 34:36
  opportunity. Yeah, yeah.
• 34:40
  And and how, how has it been? Because also another thing that
• 34:43
  caused does everybody is he's a Bitcoin miner, right?
• 34:48
  So in the from the Bitcoin mining world, right?
• 34:50
  You know, I, I had a really good friend of mine and the way he
• 34:52
  described it was like Nico, Bitcoin mining is like a
• 34:57
  leveraged long, right? So it's phenomenal when the
• 35:01
  prices are going up, but when the prices are kind of going
• 35:04
  sideways or when the prices are going kind of down, Bitcoin
• 35:08
  mining hurts a lot more because you have to cover those expenses
• 35:13
  and your machine might not necessarily be profitable.
• 35:16
  And the profitability of that machine continues to go down
• 35:18
  over time, right? Very low margins industry.
• 35:23
  So how has it been from the kind of the, the mining perspective
• 35:27
  and what should miners expect moving forward?
• 35:30
  Like, you know, are we going to see that light at the end of the
• 35:32
  tunnel cause. Yeah.
• 35:34
  I think as a miner, there are a lot of different ways you can
• 35:36
  structure your business. Obviously everybody has seen
• 35:39
  like the public miners out there that take on, you know, public
• 35:43
  capital. They try to build the like, the
• 35:45
  largest mines possible and negotiate their power rates.
• 35:49
  But private miners have their own advantages too.
• 35:53
  And so they don't have that access to public capital, but
• 35:56
  they have way more control over who their investors are and how
• 36:00
  they can negotiate and sell deals.
• 36:03
  And so we like to think about it like there's multiple ways to
• 36:06
  look at it that it's not just like, OK, what is the Bitcoin
• 36:10
  return versus like the dollar price?
• 36:12
  And where are your margins fit into that?
• 36:14
  Because depending on who your investors are, there's a lot of
• 36:17
  different ways you can sell mining.
• 36:19
  And so like whenever you have investors that are potentially,
• 36:24
  you know, like they maybe they earn cash flow or like deals
• 36:28
  from royalties from other investments, like they have
• 36:31
  income that they need to do something with.
• 36:34
  And the cool thing about Bitcoin mining is like there are tax
• 36:38
  advantages for being able to depreciate against those
• 36:42
  machines. And so like we, we haven't had
• 36:45
  any trouble with our investors of like, hey, we need to buy
• 36:48
  more machines because they want to get rid of some of this
• 36:51
  income. And so we were able to, you
• 36:53
  know, make it through the harder parts of the bear market.
• 36:56
  It's kind of look like looking like it's a little difficult
• 36:58
  right now with hash rate absolutely ripping.
• 37:02
  But again, as a private miner like you, we're not beholden to
• 37:07
  investors that we don't share an ethos with.
• 37:10
  And so whenever we are, we we don't even sell Bitcoin.
• 37:13
  And so that's another huge reason of like we're not looking
• 37:16
  at it day-to-day. We're extremely leveraged long
• 37:19
  on Bitcoin and so are our investors.
• 37:21
  And so, yeah, I'm actually pretty happy with where we're at
• 37:25
  AT84K. Why should people like why would
• 37:29
  people want to like mine Bitcoin rather than just buying Bitcoin?
• 37:37
  That's a tough, I mean that's been a debate for a long time.
• 37:40
  I think when you whenever you're coming from a different
• 37:42
  industry, particularly like oil and gas, like Bitcoin has a lot
• 37:46
  of similarities. And so like in the oil and gas
• 37:50
  market, you know, you're producing an asset locally that
• 37:54
  is a valuable asset and then you're selling it on the global
• 37:58
  market and the cost of production locally differs
• 38:00
  wherever you're doing it. And so it's very similar to what
• 38:03
  you're doing as a Bitcoin miner. Like mining in Oklahoma or Texas
• 38:07
  is not the same as like Washington or in the Middle East
• 38:10
  somewhere. And so I think it really depends
• 38:13
  on what your strategy is as a miner and can you can you work
• 38:18
  in other streams of revenue as well.
• 38:20
  And so like there's auxiliaries with demand response and then
• 38:24
  obviously taking advantage of the tax laws that exist to be
• 38:29
  able to appreciate against those those machines.
• 38:32
  And like there's there's an upside for investors that are
• 38:36
  interested in the hard asset of Bitcoin and not paying a lot
• 38:40
  more money to the government. And so that's kind of how we
• 38:43
  look at it as if I was just an average person, like looking at
• 38:47
  it like, should I just buy Bitcoin or mine?
• 38:49
  And you don't have sort of the relationships with power
• 38:53
  companies and utilities or you don't have access to capital.
• 38:57
  You know, it's a harder sell. I wouldn't be trying to do it
• 39:00
  like in my garage at this point. I'd just be buying Bitcoin.
• 39:03
  Yeah, unless you have. What are those?
• 39:05
  Those little tiny miners? I forget.
• 39:07
  I forget what they're called. Oh, the bid ax.
• 39:09
  The bid ax is so mining is really cool.
• 39:12
  And I think you're seeing more and more people like actually
• 39:14
  solo mine and find blocks. So it's kind of like a little
• 39:18
  Bitcoin lottery ticket. Yeah, 100%.
• 39:22
  Anyways, Opti, what's your take on this, bro?
• 39:24
  Psychologically, how you doing? Do you still have the optimism?
• 39:27
  Is it still there? Is it still alive?
• 39:29
  Is it still thriving or are you, are you coming, Pessimist
• 39:33
  Fields? I saw someone in the chat, they
• 39:36
  said they said the phrase. They said the phrase, I'm going
• 39:39
  to pull it up. I'm going to pull it up.
• 39:41
  Where is it? Where is it?
• 39:43
  Where is it? The law of diminishing returns?
• 39:46
  Kenny says the law of diminishing returns.
• 39:48
  Are we seeing diminishing returns, Opti?
• 39:51
  Have we been spoiled by the past?
• 39:53
  Is it over? Is it done Opti?
• 39:56
  You know, if you do look at that chart then like, yeah, it's hard
• 39:59
  to say that we aren't seeing diminishing returns.
• 40:01
  And, and I was kind of saying this when we were at Bit Block
• 40:03
  boom, I was talking to Stephan Libera and he was just making me
• 40:07
  super bearish. He's like, I'm not trying to be
• 40:11
  the bear in the room. I'm just trying to be a realist
• 40:12
  here. And he's he's fully convinced of
• 40:15
  the law of diminishing returns and.
• 40:18
  And as things go right now, obviously if you look at the
• 40:20
  cycles and how they're playing out, then yeah, it seems to be
• 40:23
  the case that we are seeing diminishing returns.
• 40:25
  Obviously there's probably a few factors.
• 40:27
  No, no, no, obviously there seems to be a few factors
• 40:31
  playing into this. One is like how much paper
• 40:33
  Bitcoin is there actually in the market and what's going on?
• 40:36
  And kind of two, what Kaz was saying, there seems to be a new
• 40:40
  distraction right now, whether it's like Metaplanid or
• 40:42
  MicroStrategy or, you know, now we have GameStop kind of doing
• 40:46
  the same play. And so maybe some of the new
• 40:48
  entrants are essentially just going straight into stocks and
• 40:51
  not actually getting a spot Bitcoin.
• 40:55
  And there is also like the Bitcoin new, a new crop of
• 40:58
  Bitcoin influencers that are literally like don't use Bitcoin
• 41:01
  and they're just full MicroStrategy bulls.
• 41:03
  And then the third one is just the size of Bitcoin market cap
• 41:08
  as it is. It's like people forget how much
• 41:10
  capital has to actually flow into Bitcoin to make the price
• 41:13
  move where it's going. And I know in the 2021 cycle,
• 41:17
  like, we were all super disappointed at that one.
• 41:19
  But if you look at that chart that we just, you know, pulled
• 41:22
  up a minute ago, I would be so happy with the 2021 cycle right
• 41:25
  now. You know, if we were playing out
• 41:28
  in 2021 and it was chilling AT200K, I'm sure we'd all be
• 41:31
  like, yeah, this is awesome. But I think what Kaz is saying
• 41:35
  is it's kind of a feeling that I've been getting as well is
• 41:38
  this slow burn. And if we do get this kind of
• 41:41
  slow burn, you know, very brutal grind upwards, then from what I
• 41:46
  would, you know, suggest or at least feel is that we would get
• 41:49
  less of a bear market. So I'd I'd be kind of OK with
• 41:53
  this slow burn idea. That means 2026 isn't going to
• 41:55
  be that brutal of a bear market and that, you know, that would
• 41:58
  be way better as someone that's basically all in on Bitcoin, I'm
• 42:01
  kind of I'm kind of for that. But obviously I still feel like
• 42:05
  maybe you know, the cycle theories are playing out, but I
• 42:09
  think we we are probably going to get some kind of movement
• 42:13
  towards the end of the year, which would kind of change the
• 42:15
  cycle dynamics or like the the blueprint that we've had.
• 42:20
  Obviously we only have like what three data points 3 cycles to
• 42:22
  really look back on. So if we do get a pump towards
• 42:25
  the end of the year, it would be very interesting though there
• 42:27
  there is, you know, a good some good analysis from Lynn Alden
• 42:31
  and she's basically saying, you know, not that cycle theories
• 42:34
  are over, but you know, leaning more into this whole global
• 42:38
  macro liquid liquidity cycles. And if Bitcoin does kind of
• 42:43
  follow the liquidity cycles, then it kind of leads to the
• 42:47
  idea that we are entering a new paradigm here.
• 42:49
  As I've been saying for a while, Bitcoin is maturing.
• 42:51
  We we have now become a macro asset for better or worse.
• 42:55
  And so if that is the case, then yes, the Bitcoin price is going
• 42:58
  to start moving more on global Fiat liquidity versus just, you
• 43:02
  know, this four year having cycle or you know, 210,000 block
• 43:06
  cycle. So I mean, I think overall this
• 43:09
  is very good for Bitcoin. I don't really believe the
• 43:11
  diminishing return memes, even though on paper as of now, it
• 43:15
  does seem to be playing out. I really like kind of our boy C
• 43:20
  JS kind of take on this that like, yes, Bitcoin has been
• 43:23
  acting more like a commodity cycle.
• 43:26
  And as people start to wake up to what Bitcoin is, we'll start
• 43:29
  to get into a more like monetary cycle of Bitcoin being
• 43:33
  monetized. And that's where we really start
• 43:35
  to see, all right, wait, we really, I'm trying to do it the
• 43:38
  wait, the opposite, the S curve of Bitcoin here.
• 43:41
  And this is what we've all been waiting for is like when Bitcoin
• 43:44
  does break out, when Bitcoin does start to hit that S curve
• 43:48
  adoption cycle, I think diminishing returns is going to
• 43:51
  get blown out of the water. And I think that's when things
• 43:54
  are going to get crazy and everyone's really going to
• 43:56
  realize, like, holy shit, things are bad in the Fiat system.
• 44:00
  I need to have some Bitcoin. So until then it's like, OK, all
• 44:04
  right, I guess we get more time to stack Bitcoin like whatever
• 44:07
  it is what it is. Like Bitcoin isn't going to die.
• 44:09
  I, I think I saw another good tweet the other day and it's
• 44:12
  like the biggest financial Ponzi or financial collapse we've ever
• 44:16
  had was Enron. And it was what, $70 billion?
• 44:20
  Bitcoin is a $1.65 trillion, six $8 trillion market cap right
• 44:25
  now. Like Bitcoin's not dying here.
• 44:27
  Yes, maybe it's not going to have 100 X returns in four
• 44:30
  years, but it, this thing isn't over.
• 44:33
  It's just going up and to the right.
• 44:34
  Like we're, we're so spoiled here as Bitcoiners cause we've
• 44:38
  seen the, this price action go absolutely nuclear.
• 44:42
  But overall, I think the fundamentals is is still intact
• 44:46
  and everything is going according to plan.
• 44:48
  Absolutely guys, if you guys are enjoying the show so far, make
• 44:51
  sure to smash that like button. Help us break 200 likes by the
• 44:55
  time the show and shout out to the YouTube audience. 423 of you
• 44:58
  guys watching live shout out to the X audience 1444 of you guys
• 45:03
  watching live and of course shout out to the rumble audience
• 45:07
  as well shout out to all you guys smash the like button If
• 45:10
  you guys are enjoying the show show that share the content
• 45:13
  really, really helps getting this message forward anyways,
• 45:15
  guys, we're going to get to the news segment and we're going to
• 45:17
  be talking about Trump's attempt to fire Jerome Powell we're
• 45:21
  going to be talking about like again, it's weird isn't it like
• 45:25
  we always get lectured about democracy.
• 45:27
  This is one of the things that we always hear about, you know,
• 45:30
  especially from the late legacy media democracy, this democracy
• 45:33
  that OK, fine, we support democracy.
• 45:37
  But if you have an institution that has so much power over the
• 45:43
  economy, just the ability just to create money out of thin air
• 45:46
  and the chair of that institution, the leader of that
• 45:50
  institution is not democratically elected.
• 45:56
  You know, how much of A democracy are we in?
• 45:59
  That's that's what I got to say up to you.
• 46:00
  What are you showing us? This is the 200 week moving
• 46:03
  average price of Bitcoin. I don't know about you guys, but
• 46:06
  look. At 2017 bro.
• 46:08
  That 2017 made me feel alive. Going up and to the right, you
• 46:12
  know, why are we so bearish? This is this is how I know it's
• 46:15
  going to pump is when bitcoiners all in bitcoiners, the Bitcoin
• 46:19
  Maxis are like man, can you do something Bitcoin 200 week
• 46:23
  moving average going up and to the right best value period best
• 46:26
  money period. Guys, but we're going to hit the
• 46:28
  brake in a second. But before we do that, I did
• 46:30
  drop a poll in the live chat. I said is.
• 46:35
  Oh my God, we just lost Nico again.
• 46:37
  This Puerto Rican power is crazy.
• 46:40
  Let's see, what is this poll? I didn't even see the poll.
• 46:43
  The poll is Bitcoin having diminishing returns.
• 46:47
  We need more votes here. 45% say yes, 55% say no.
• 46:51
  The diminishing returns argument kind of is starting to sound
• 46:54
  like the efficient market hypothesis that we talked about
• 46:57
  with Halvings. It's like everybody wants to
• 47:00
  correlate it back to last cycle or the cycle before that or the
• 47:04
  very early appreciation days of Bitcoin.
• 47:07
  And it's like that was all retail driven.
• 47:10
  And we have nation states sitting here talking about
• 47:13
  creating strategic Bitcoin reserves.
• 47:16
  I know I mentioned China selling yesterday, but China's like the
• 47:20
  second largest holder of U.S. Treasuries.
• 47:23
  And it's like if this trade war keeps going back and forth, to
• 47:25
  me, the game theory is like, OK, dump U.S.
• 47:28
  Treasuries and buy Bitcoin. It's the sovereign asset that's
• 47:31
  globally liquid. And it's like we haven't reached
• 47:36
  that yet. And everybody's or all these
• 47:38
  nations are kind of, you know, dipping their toe in or there's
• 47:42
  media being put out about it for the potential.
• 47:45
  I feel like people are kind of asleep at the will of what this
• 47:48
  cycle actually could look like. Not trying to be the hyper bull
• 47:52
  here, but if nation states start like dumping treasuries in a
• 47:56
  trade war or they start just printing Fiat to acquire
• 47:59
  Bitcoin, like we could see a cycle that blows every other one
• 48:03
  out of the water. And it's like this is the kind
• 48:06
  of Fiat that's this is where it is going.
• 48:09
  Dude, I'm, I'm so effing excited.
• 48:12
  All right, everybody, let's move on to the new segment.
• 48:16
  We have tons to talk about. We're going to be Trump, the
• 48:18
  Trump and the Fed going head to All right, everybody, we'll be
• 48:34
  right back. I want to give a shout out to
• 48:37
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• 51:26
  everybody. So let's talk about this.
• 51:29
  This is a Truth Social post from the president yesterday at 6:00
• 51:34
  AM. Can you imagine just waking up
• 51:36
  and this is the first thing that comes to mind?
• 51:39
  Like right off the RIP that was? A toilet tweet.
• 51:44
  Yeah, that was like Trump, like waking up.
• 51:47
  He's like, yo, fuck, He's like F the Fed, bro, F the Fed.
• 51:54
  Anyways, Niko's energy levels have diminishing rate.
• 51:58
  I mean, it's true, bro. Like in the early days of simply
• 52:01
  I was like, oh man, all right. So President Trump says the ECB
• 52:08
  is expected to cut interest rates for the 7th time and yet
• 52:12
  too late. Jerome Powell of the Fed, who is
• 52:14
  always too late and wrong, yesterday issued a report which
• 52:17
  was another and typical complete not mess.
• 52:20
  Oil prices are down, groceries even eggs are down, and the USA
• 52:24
  is getting rich on tariffs. Too late should too late should
• 52:28
  have lowered interest rates like the ECB long ago, but he should
• 52:31
  have certainly lowered them by now.
• 52:34
  Powell's termination cannot come fast enough.
• 52:38
  Interesting. I have a little bit of a theory
• 52:41
  here. This is what I posted also kind
• 52:45
  of in the morning after reading Trump's post.
• 52:48
  Trump blocked the Fed from regulating the Bitcoin industry.
• 52:51
  Did you guys know that? By the way?
• 52:53
  So part of the executive order was that the that the Federal
• 52:58
  Reserve would have absolutely no say in regulating the industry.
• 53:02
  That is the exact opposite of what happened during the Biden
• 53:05
  administration where Caitlin Long's bank, Custodia Bank, was
• 53:09
  denied a federal banking charter.
• 53:13
  And according to her, that came directly from the White House.
• 53:15
  But again, you apply for federal banking charter to the Fed.
• 53:19
  And the Fed apparently was playing games.
• 53:21
  They were slow walking her. It was like clearly political.
• 53:24
  Trump came in there and said, hey, Fed, you're not allowed to
• 53:27
  regulate anything. And then I said the Fed wants
• 53:29
  the CBDC to ensure it's survival, obviously, right?
• 53:32
  Like you hear this maybe, maybe Jerome Powell's not saying this
• 53:36
  here in the US, but I remember there was like this like
• 53:39
  congressional testimony where Senator Lummis basically showed
• 53:44
  a picture of, of the things that the Fed, we're going to talk
• 53:48
  about it. At the very bottom of that list
• 53:50
  was a CBDC, right? Which I found that I found it, I
• 53:54
  found fascinating. And then in Europe, they're
• 53:58
  going full steam ahead because they realize, like without a
• 54:01
  CBDC, maybe this whole central banking thing won't work out.
• 54:04
  So, you know, it makes sense, right?
• 54:07
  No one's better than their incentives.
• 54:09
  We know that the the that again, not monolithic, but the vote
• 54:14
  last year was very telling, right?
• 54:16
  There was a vote in the House. I'm going to keep repeating this
• 54:19
  over and over again. There was a vote in the House
• 54:21
  that would explicitly ban the federal government from rolling
• 54:24
  out a central bank digital currency.
• 54:27
  The, the majority of Republicans voted for that bill and the
• 54:31
  majority, the vast majority, except for four Democrats voted
• 54:35
  against that bill, right? the Fed also helped Kamala's
• 54:39
  campaign. I didn't, I didn't come up with
• 54:42
  that. That's actually something that I
• 54:43
  got from one of Arthur Hay's sub stack pieces where he was
• 54:46
  essentially theorizing that, hey, you know, the Fed created a
• 54:51
  kind of loose monetary environment where, you know, the
• 54:55
  economy was thriving. Things were pumping to kind of
• 54:57
  help Kamala get elected, right? And then I went on to say, at
• 55:03
  this point, is it really a stretch to say the Fed is
• 55:06
  purposely working against Trump's agenda, right?
• 55:09
  And I mean, like, you know, you have Trump complaining here and
• 55:13
  Trump basically, you know, saying, hey, like, what the F is
• 55:16
  going on? And then again, like if you get
• 55:20
  a mandate, an electoral mandate from the American people and
• 55:26
  that electoral mandate is like, look, make America great again,
• 55:31
  you know, like etcetera, etcetera.
• 55:34
  But you have one of the most powerful institution that's
• 55:37
  supposedly independent. But I call bullshit on that.
• 55:39
  And the reason I do is because anytime Congress approves
• 55:43
  spending, the Federal Reserve foots the bill every single
• 55:47
  time. That doesn't sound very
• 55:49
  independent to me. Like, I mean, you know, like, is
• 55:56
  it after everything we've seen in the last five years, is it
• 56:00
  too much of A stretch to say that there's a certain
• 56:03
  institution in our government that has become politicized?
• 56:07
  Is that too much of A stretch to say that?
• 56:09
  By the way, simultaneously you have Elon on the campaign trail
• 56:14
  and you have people asking Elon to end the Federal Reserve.
• 56:18
  You have Trump dropping the year, the unholy year, the most
• 56:22
  unholy year in American history. 9, 1913 by name, right?
• 56:28
  You know, OK, if I worked at the Fed, I wouldn't be too happy
• 56:31
  about that either, right? Anyhow, so they asked Trump
• 56:35
  about this during, you know, a White House kind of press
• 56:40
  conference that they've been having.
• 56:42
  Let's check out what President Trump had to say.
• 56:48
  Determination of Jerome Powell not come fast enough.
• 56:54
  He says he won't leave him even if you ask him to.
• 56:55
  Oh, he'll leave if I ask him to. He'll be out of there.
• 56:57
  But I don't think he's. I don't think he.
• 57:00
  I don't think he's doing the job.
• 57:02
  He's too late, always too late, a little slow.
• 57:06
  And I'm not happy with him. I let him know it.
• 57:10
  And, oh, if I want him out, he'll be out of there real fast.
• 57:15
  Believe me. Yeah, Go ahead.
• 57:17
  So I got to like, learn how to do that.
• 57:20
  Like when I talk to Opti, you know, it's like Opti's amazing,
• 57:23
  you know, slow, slow, but he's amazing.
• 57:26
  He's a. Great.
• 57:27
  Guy, he's got some kicks. Very, very, I love him.
• 57:32
  Very optimist. Some sad some days, but
• 57:34
  optimistic overall. Oh my God.
• 57:36
  All right, so all right, leading to this final thread and then I
• 57:40
  want to open it up to get Kaz's thoughts on this 'cause I know
• 57:44
  Kaz must feel a certain way about the creature from Jekyll
• 57:47
  Island, the Federal Reserve. Here's Simon Dixon, very
• 57:52
  interesting kind of theory here. He said, he posted, he said they
• 57:59
  didn't try to assassinate Trump and lose.
• 58:02
  They compromised him and won. They elevated him because he
• 58:06
  agreed to play their role and now he's doing what they paid
• 58:09
  him to do. Trump became president not but
• 58:12
  by defying the system, but by agreeing to serve the interest
• 58:15
  of his financial backers. He wrapped their agenda in a
• 58:19
  MAGA narrative so the American people would cheer while the
• 58:22
  controller systematically dismantled the dollar.
• 58:25
  Let's be let's be clear, the chair of the Federal Reserve
• 58:28
  isn't in charge. He works for the banks, the real
• 58:31
  power behind the curtain. The banking lobby tells the
• 58:35
  president who to appoint. And Trump's second largest
• 58:37
  backer is the Mellon banking dynasty, his biggest Elon Musk
• 58:42
  now position to reshape the US into a technocratic empire, his
• 58:47
  third. Just a backer.
• 58:49
  Someone I've never heard of. Miram Adelson is the Israel
• 58:54
  first part of his policies. the US economy has become a machine
• 58:58
  for asset stripping Americans, transferring wealth to banks,
• 59:01
  billionaires, and now the tech elite.
• 59:03
  Trump's reward, he he profits from the transformation and sets
• 59:07
  his family to launch their own stablecoin in the new digital
• 59:11
  order. This isn't an attack on Trump,
• 59:14
  it's a reflection of how America truly works. the US is not a
• 59:18
  democracy, neither is Europe. It's rule by money and
• 59:22
  everything is for sale. The president, Congress and
• 59:24
  Senate. I'm sorry they lied to you, but
• 59:27
  it's time to wake up. Follow the money, not the
• 59:29
  political theater they used to keep you divided.
• 59:32
  Republican or Democrat. It's the same script, different
• 59:36
  actors. You guys have some thoughts, not
• 59:43
  my words, that's Simon Dixon. Kaz starting off with you
• 59:47
  please. And we are on YouTube.
• 59:48
  Just a friendly reminder. Yeah, of course.
• 59:51
  So you mentioned Custodia Bank at the very beginning of that.
• 59:55
  And I do think it that was partially political, but I think
• 59:58
  it was also out of self preservation.
• 1:00:00
  And so one of the interesting parts of Custodia Bank is they
• 1:00:04
  were going to have full reserves and during COVID, we dropped the
• 1:00:08
  reserve reserve requirement from 10 to 0% for U.S. banks.
• 1:00:12
  And so now if you introduce a bank that has full reserves, you
• 1:00:17
  expose the cracks that exist in that system.
• 1:00:20
  And so to me it was like, well, why would anybody want to hold
• 1:00:24
  their money in a bank that has 0% reserve requirement if there
• 1:00:28
  is a competitor in the market that has full reserves.
• 1:00:32
  And so over time, Custodia Bank would have knocked other banks
• 1:00:37
  out of the system. And so I think they they want
• 1:00:39
  the Fed wants to keep control over asset prices.
• 1:00:44
  That's I feel like they they'll say whatever they want, but it
• 1:00:47
  to me that's their real mandate. And so whatever their political
• 1:00:51
  agenda is, depending on what they're going for, like they're
• 1:00:54
  going to drive monetary policy to make or break that.
• 1:00:58
  And with interest rates where they are right now, I think
• 1:01:02
  there's a bit of a war between the Fed and the Trump
• 1:01:06
  administration where Trump is looking at it from a self
• 1:01:10
  preservation point of view for the US and saying, well, all of
• 1:01:14
  these years of extremely like high liquidity in the markets,
• 1:01:19
  low interest rates have created this debt issue that we actually
• 1:01:23
  can't pay out of now. And if we have $9 trillion worth
• 1:01:28
  of debt that is maturing this year, and so are we going to
• 1:01:31
  refinance that at 4.5 percent, 5% rates, whatever they might be
• 1:01:36
  at that point? And so Trump, to me, part of
• 1:01:39
  this sort of economic policy, the tariff wars and all of this
• 1:01:44
  is to put pressure on the Fed to actually lower those interest
• 1:01:48
  rates for a period of time to refinance that debt, not just to
• 1:01:53
  pump asset prices. And I think you, you're
• 1:01:56
  definitely hitting on a big point here with like, are they
• 1:01:58
  doing this politically? Because if they are and they
• 1:02:01
  want to CBDC, to me, the easiest way to do that is to have
• 1:02:06
  extremely high interest rates now after we've had extremely
• 1:02:10
  low interest rates, so that once that debt is mature, we, we get
• 1:02:14
  into a position where we can never pay off the debt.
• 1:02:17
  And then we, we we're hearing this like new monetary system.
• 1:02:22
  It's coming from like all angles.
• 1:02:25
  Is there going to be a new Bretton Woods?
• 1:02:26
  Is it going to be the Mar a Lago Accords?
• 1:02:29
  And to me, Trump kind of has his own agenda there.
• 1:02:33
  It's like, OK, we need to lower them for a period of time and
• 1:02:37
  move to some other backing. But there has to be a backing.
• 1:02:41
  And the other side is saying, well, we're going to keep it
• 1:02:44
  here. So we collapse the market, make
• 1:02:47
  Trump look bad, and we have the debt move into a like a spiral
• 1:02:52
  that we can never get out of. Either way, we're moving to a
• 1:02:56
  new monetary system. And so that debt has to be
• 1:02:59
  either restructured or we create something new.
• 1:03:02
  And I think the Fed or the political agenda attached to it
• 1:03:07
  is trying to use that as leverage so they can introduce a
• 1:03:10
  new monetary system on a CBDC. And Trump is saying, well, I
• 1:03:14
  have a new idea, and I think that could be Bitcoin.
• 1:03:17
  Man, I, I thought, I like that. I like that a lot.
• 1:03:21
  Opti, what's your take on on Kaz's opinion?
• 1:03:25
  No, yeah, I, I totally would agree with Kaz's take on this.
• 1:03:29
  I've been kind of seeing something very similar and I,
• 1:03:32
  I've actually been watching a lot of Simon Dixon clips.
• 1:03:35
  He's actually been doing some pretty good analysis on the
• 1:03:38
  macro markets right now and, and like what indicators you should
• 1:03:40
  be looking at. And yeah, like I, I totally
• 1:03:43
  agree with what Kaz is saying. Obviously we're doing a little
• 1:03:47
  bit of like mind reading here. We, we really don't know.
• 1:03:50
  But from what we can see, that does seem to be playing out now
• 1:03:53
  kind of going down the like Tom Luongo route.
• 1:03:56
  And and my boy, Mr. Sue, I I kind of like this take here as
• 1:03:59
  well. You know, we, we got a Jerome
• 1:04:02
  Powell talking yesterday and he was talking about the tariffs
• 1:04:04
  and my boy Mr. Hsu AKA failed goes, AKA the globalist didn't
• 1:04:09
  expect Trump to raise tariffs that high and wreck their shit
• 1:04:12
  like they did. They hope they hope higher
• 1:04:16
  inflation would come back and forth Powell towards zerp again,
• 1:04:19
  but it won't. They're losing their asses And
• 1:04:21
  you know, doubling down. This is a a great threat.
• 1:04:24
  I saw after the, you know, Jerome Powell speech and, you
• 1:04:29
  know, you guys can find this on Twitter if you want.
• 1:04:31
  All right, I can drop it in the in the chat.
• 1:04:33
  But Jerome Powell, he says, just delivered one of the most
• 1:04:36
  quietly pivotal speeches of his career.
• 1:04:38
  But most won't notice. And this is probably the take
• 1:04:41
  away here. Powell confirmed that growth is
• 1:04:42
  slowing. Q1 GDP looks weak.
• 1:04:45
  Consumer spending is fading. Imports are up, but only because
• 1:04:47
  businesses are racing ahead of tariff hikes.
• 1:04:50
  Translation. We're tiptoeing towards
• 1:04:52
  stagflation and the Fed knows it.
• 1:04:53
  So I think from what we're seeing is a lot of people are
• 1:04:57
  realizing that from what you're hearing coming out from the
• 1:05:01
  official narrative is like they are hinting towards either 1,
• 1:05:05
  you know, as those bitcoiners have been saying for a long
• 1:05:07
  time, like they're losing control of the system and
• 1:05:09
  they're trying to persuade everyone that everything's going
• 1:05:11
  good. But if you really listen to kind
• 1:05:14
  of what they're saying, whether you believe that Trump is
• 1:05:16
  fighting Fed narrative or, you know, the US is fighting the EU
• 1:05:20
  narrative and basically trying to bankrupt the globalist, one
• 1:05:24
  thing's for sure. We are seeing some cracks in the
• 1:05:27
  system and most people are trying to figure out how to
• 1:05:30
  position themselves as we've been seeing lately with gold
• 1:05:33
  going basically all time high, a lot of people are going to gold.
• 1:05:37
  We're seeing what's going on in the treasury markets.
• 1:05:39
  We're all macro experts now. And it looks like people are
• 1:05:42
  dumping treasuries and they're trying to find an alternative.
• 1:05:45
  Obviously, the the standard safest bet, quote UN quote, is
• 1:05:49
  been gold historically. And so people are moving towards
• 1:05:52
  gold. But as we would say as
• 1:05:55
  Bitcoiners, the real safe bet is, you know, a neutral, a
• 1:05:58
  political money that can't be controlled, can't be debased,
• 1:06:01
  that is permission less censorship resistant, of course,
• 1:06:03
  that is Bitcoin. So I think we are going to see
• 1:06:07
  some really big moves going into Bitcoin.
• 1:06:09
  Obviously you can even you can even point out what BlackRock is
• 1:06:12
  done like a lot of a lot of the nation states are going towards
• 1:06:15
  gold. BlackRock, one of the biggest
• 1:06:17
  institutional managers is starting to move their clients
• 1:06:19
  into Bitcoin. And is this basically, you know,
• 1:06:23
  like they're just ahead of the curve?
• 1:06:25
  I would argue yes, because we're Bitcoiners and they're probably
• 1:06:29
  seeing what we're seeing where it's like, look, as Lynn Alden's
• 1:06:32
  been saying, as Leonard Leopard's been saying, like the
• 1:06:35
  big print is coming, they have to print money.
• 1:06:37
  This is this is the end game. We all know where it's going.
• 1:06:40
  And if you are trying to actually protect yourself, you
• 1:06:44
  need to have some Bitcoin. So obviously politics,
• 1:06:47
  macroeconomic, trad fight and all that stuff, it moves a lot
• 1:06:51
  slower than us Bitcoiners do because we're a lot nimbler.
• 1:06:54
  We're just, you know, individuals.
• 1:06:55
  We can, we're basically the first guys out of the room.
• 1:06:58
  As the saying goes, I, I just, I watched Margin Call again like a
• 1:07:02
  week or two ago and it was like, there's only three ways to
• 1:07:05
  succeed. And it was what the first one
• 1:07:07
  is, you know, cheat. The second one is be the
• 1:07:11
  smartest. Yeah, be first.
• 1:07:14
  Wait, no, that's the first one is like cheat.
• 1:07:16
  The second one is be first out the door and the third one is
• 1:07:19
  like be the smartest guy in the room.
• 1:07:21
  Well, look, none of us claim to be the smartest guy in the room.
• 1:07:24
  And obviously us Bitcoiners, based on our ethos and and the
• 1:07:27
  Bitcoin proof of work kind of ideology, we're totally against
• 1:07:31
  cheating. So we're just the first ones out
• 1:07:33
  of the door and we're just looking at everyone else.
• 1:07:34
  We're like outside of a burning building.
• 1:07:36
  Like why is no one leaving the building?
• 1:07:38
  Don't they? You know, You know Opti, He is.
• 1:07:42
  He is you know he is the smartest, but you know, he's
• 1:07:45
  first first. That's my really lame.
• 1:07:48
  He's he's Opti. He's not the smartest guy, but
• 1:07:51
  he got out the door first. He's incredibly intelligent.
• 1:07:56
  If you guys are enjoying the show so far, make sure to smash
• 1:07:59
  that like button. We just broke 200 likes on
• 1:08:01
  YouTube. Appreciate the support picked up
• 1:08:04
  later. Look at that Opti.
• 1:08:06
  Also shout out to the rumble audience as well.
• 1:08:09
  Absolutely love you guys. Guys stay tuned for the show.
• 1:08:12
  We still have tons to cover. We're going to hit the culture
• 1:08:15
  segment. We have cause joining us on the
• 1:08:18
  show today and we're going to be talking about his latest project
• 1:08:23
  Bubble. He is the Co founder.
• 1:08:26
  We're going to check it out. Here we go.
• 1:08:31
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  All right, everybody, we are back guys smash that like button
• 1:10:35
  really, really helps with the Agos to see where how many likes
• 1:10:38
  we got. We blew past our target 202
• 1:10:41
  likes. Help us get to 250 by the time
• 1:10:44
  the show wraps up anyways, Opti. I got this, I got this.
• 1:10:48
  Let me take a actually, actually, I'm let's, let's start
• 1:10:52
  with some trolls. This, this, this, this show has
• 1:10:55
  been a little bit doomery. It's Friday.
• 1:10:56
  Let's have some fun. So first of all Kaz, what is
• 1:11:01
  Bubble dot FM and why are you such a pod comp enthusiast here
• 1:11:07
  that you created a podcasting platform?
• 1:11:11
  Yes, so Bubble is a podcast discovery platform and so we
• 1:11:16
  want it to be like your portal to finding out what was actually
• 1:11:20
  said. And so the thesis when we
• 1:11:22
  started this was that the media landscape is changing and all
• 1:11:27
  the conversations are being had on podcasts and being in
• 1:11:30
  Bitcoin, being a fan of Adam Curry, I was seeing podcasting 2
• 1:11:34
  Point O take off and being able to like share clips, but there
• 1:11:40
  was nobody really piercing those together as an offering.
• 1:11:43
  And so we were when we first started out, we were like, well,
• 1:11:46
  there might be an angle for like using a little bit of AI here to
• 1:11:51
  help us find what narratives are happening and being able to
• 1:11:54
  search actually the spoken word of the new media.
• 1:11:58
  And so if you had like Google search and back in the day and
• 1:12:01
  like that was the traditional way to find out what was
• 1:12:04
  happening and then you would have like corporate press or
• 1:12:07
  blogs writing about the media. And it's like, well, now all of
• 1:12:11
  that is shifted. People are using AI for search
• 1:12:15
  and they are having conversations, which podcasts I
• 1:12:18
  like to call like a little bit of proof of work.
• 1:12:20
  And so in this like AI bubble that we have, you can't tell
• 1:12:25
  anymore if this was even written by a human.
• 1:12:28
  And so there's value in having a real down to earth conversation
• 1:12:32
  that in some ways mimics Bitcoin, that it is like it's
• 1:12:35
  provable, verifiable that a human engaged with this.
• 1:12:39
  And it took time to produce. And so we were like, well,
• 1:12:42
  there's now no way to interface with that.
• 1:12:45
  And so we started out with using, you know, piercing these
• 1:12:48
  things together and using AI to build what we call digests.
• 1:12:54
  And so in Pod Conf and with the Bitcoin Bugle, they talk a lot
• 1:12:59
  about like, you know, to get up to speed, you need to listen to
• 1:13:02
  40 hours of podcasting a week. Obviously, nobody can do that.
• 1:13:06
  And so we wanted to build it like, tools and products for
• 1:13:10
  listeners and for podcasters to be able to quickly download and
• 1:13:16
  see what is being said across certain things.
• 1:13:19
  And like, highlight those clip moments that people are
• 1:13:23
  sometimes sharing, but nobody's building them into like a
• 1:13:26
  multimedia experience where you can just be like, OK, well,
• 1:13:30
  here's what 15 different podcasters were saying this week
• 1:13:33
  about Bitcoin or about the sports team or whatever.
• 1:13:38
  And so that's where we started at.
• 1:13:40
  And we move towards actually a search engine on this spoken
• 1:13:45
  word. And so you can go in there, you
• 1:13:47
  can type in whatever you want and find a clip related to it,
• 1:13:51
  or you can have a conversation with what we're calling the
• 1:13:55
  genius chat. And so I don't like the AI angle
• 1:14:00
  of it will tell you what it thinks about things.
• 1:14:04
  And so if we're going on the thesis that podcasters have some
• 1:14:08
  sort of an education of what they're talking about, they have
• 1:14:12
  spent time, you know, building up that show they're probably
• 1:14:16
  pretty knowledgeable to some degree.
• 1:14:18
  And so we're using a little bit of AI.
• 1:14:21
  They're not like letting it give you its own response, but it's
• 1:14:26
  putting it in a chat format where you can say, OK, what did
• 1:14:30
  the higher side chats? You know, Greg is coming on
• 1:14:33
  board our podcast services. What is his talk like?
• 1:14:36
  How is his conversations about aliens or the pyramids shifted
• 1:14:41
  over time? And instead of it giving you
• 1:14:43
  like, oh, this is what AI thinks about it, it's actually going
• 1:14:46
  off the transcripts of the spoken word and building
• 1:14:50
  citations into that conversation that let you reference an exact
• 1:14:54
  moment in a show. So then you can be like, well, I
• 1:14:57
  want to hear this and then we bring it out to the podcast
• 1:15:00
  player. That's pretty fucking bad ass
• 1:15:03
  dude. I love it very cool dude.
• 1:15:06
  OK, so how does this no the the big the big question Kaz since
• 1:15:11
  we've last spoken has simply Bitcoin been added I.
• 1:15:15
  Believe so it should. Go to Go to podcasters Opti
• 1:15:18
  Moment of truth well. Podcasters is for ongoing
• 1:15:23
  people, so. Search.
• 1:15:24
  Go to search. Go to search.
• 1:15:27
  Yeah, let's see just behind. An account right now so.
• 1:15:30
  We'll get you guys out in for sure whatever in an account.
• 1:15:33
  Created. Maybe we were.
• 1:15:34
  Maybe we were mentioned in Natalie Brunel's.
• 1:15:37
  I don't know. Yeah, that's probably.
• 1:15:38
  What it's showing? We'll see who knows who knows,
• 1:15:42
  but all right, look, I I do have your, you know, a little little
• 1:15:46
  blurb here so we can check it out.
• 1:15:48
  So Kaz, why I play this in the background?
• 1:15:53
  How does this work? People download it?
• 1:15:55
  Is this an app? How how are like?
• 1:15:57
  How do the the listeners interact with this?
• 1:16:00
  Yeah. So you can visit in the web,
• 1:16:01
  it's called, it's called a progressive web app.
• 1:16:04
  So we wanted to with the podcasting 2 point O angle like
• 1:16:07
  Apple and Spotify were some of the big ones that centralized
• 1:16:11
  that index for a long period of time.
• 1:16:13
  And so we were thinking like, well, we don't want to go
• 1:16:16
  straight to the App Store to let people, like, control the
• 1:16:20
  distribution again, which is Apple.
• 1:16:22
  And so you don't need to like, go download an app.
• 1:16:25
  You can just download it directly from our website.
• 1:16:28
  And it uses like a modern version of the web that is in a
• 1:16:32
  lot of ways quicker than a native app now.
• 1:16:34
  And so you can just immediately use it in your browser.
• 1:16:37
  It translates to mobile. You can add it to your home
• 1:16:40
  screen, and it will behave like a native app.
• 1:16:42
  But just, yeah, there you go. It's for sure in there then.
• 1:16:46
  And so, yeah, after our last conversation, I was put on the
• 1:16:50
  spot and then I was put on the spot again.
• 1:16:53
  It's there, it's confirmed. We're we're in the promo.
• 1:16:56
  Yeah, you're in the promo, So there you go.
• 1:16:59
  Oh. Snap.
• 1:17:00
  I love it. I love it, yeah.
• 1:17:04
  All right, wait, so as like, of course, we, we well, Nico's pod
• 1:17:09
  comp to prove I am not as a podcaster here, as a podcaster
• 1:17:14
  here, how are you pulling the data?
• 1:17:15
  Is this like RSS feed or like how how's the back end working
• 1:17:19
  here? Yeah, so everything is RSS
• 1:17:21
  based, but we're RSS agnostic. So if you have a podcast, you
• 1:17:25
  don't need to change like you're hosting or do anything really
• 1:17:27
  different. What we're going for is
• 1:17:30
  discovery. And so that kind of plays on the
• 1:17:32
  name bubble. And so like bitcoins a bubble.
• 1:17:35
  People say AI is a bubble, but in media and podcasting, you
• 1:17:38
  have its own bubble shaping where it's, it's hard to
• 1:17:41
  discover new content. And so with the digest with we
• 1:17:46
  also have a clip feed. And so it's kind of like a, an X
• 1:17:49
  experience now. Or you can just scroll and it
• 1:17:52
  shows you topics and like clips instantly with cards and
• 1:17:57
  summaries on them that you can read on board.
• 1:18:00
  Move to the next one. But it puts new content in front
• 1:18:02
  of your face, but it lets you control that algorithm.
• 1:18:05
  So you're like, OK, I'm tired of seeing Bitcoin stuff.
• 1:18:08
  Let me see this now. And then you can have a window
• 1:18:12
  to instantly listen to. Oh, I find this interesting.
• 1:18:15
  Boom, now you can queue it up, listen to the full episode.
• 1:18:18
  And so I think this was one of the big issues with podcasters
• 1:18:22
  in general that they were having.
• 1:18:23
  Like I used to have a show back in the day.
• 1:18:25
  It's like, how do you make your show more discoverable?
• 1:18:27
  That's what everybody cares about.
• 1:18:29
  They want new people to find it. Converting your listeners and
• 1:18:32
  building a fan base is one thing, but also how do you put
• 1:18:35
  your content in front of new people?
• 1:18:38
  And so that's really what we're going for.
• 1:18:40
  And grind, like grind like a motherfucker.
• 1:18:43
  And learn the YouTube alcohol no one says.
• 1:18:49
  That, but it's still content for sure.
• 1:18:52
  Yeah, You just have to keep, you have to keep posting.
• 1:18:54
  It is a grind. Yeah, to say the least.
• 1:19:00
  So bro, this is awesome. This is super cool.
• 1:19:04
  And I, I see the, the, the use case here is like people who
• 1:19:11
  like you, you've had, it's what you said, 'cause like you said
• 1:19:14
  this initially, right? Like not everyone has 10 hours a
• 1:19:17
  week to listen to a podcast. But it's like, and things aren't
• 1:19:23
  aggregated like they are with legacy media.
• 1:19:26
  But the problem is that with legacy media, like, you know,
• 1:19:31
  I'm not going, I'm not going to go down that route.
• 1:19:33
  But let's just say that a lot of the things that the legacy media
• 1:19:36
  says, like they're headlines, they're not entirely accurate.
• 1:19:40
  Like I'll I'll give you, let's make it Bitcoin related so we
• 1:19:43
  don't go down the politics route.
• 1:19:46
  So deo Opti, one day we just got to have a rumble exclusive where
• 1:19:51
  just me and you just go fucking, I mean, excuse me, me and you
• 1:19:54
  just go bananas. OK, So like the Financial Times
• 1:20:00
  article, that Financial Times article was heavily skewed.
• 1:20:05
  It was heavily skewed like. If you if you just kind of read
• 1:20:10
  the news and you don't, you're not in the into the business of
• 1:20:13
  news and you're not in the business of like just, you know,
• 1:20:16
  talking and all that stuff, you could maybe perhaps oversee it.
• 1:20:19
  But that article left things out right.
• 1:20:24
  And that article was trying to shape a narrative that the first
• 1:20:29
  sentence of that article was like Binance, which was
• 1:20:32
  convicted of a crime right Now think about like, think about if
• 1:20:37
  how they were describe it, like how they would describe a
• 1:20:39
  certain politician or how they describe the Federal Reserve.
• 1:20:42
  Like it. It's very easy to shift the
• 1:20:45
  perception of something based on how it's written on the first
• 1:20:48
  thing. So I think the world has had
• 1:20:51
  this like great awakening over the last five years or so.
• 1:20:55
  And that's why you've seen the rise of independent legacy
• 1:20:59
  media. Independent media kind of take
• 1:21:00
  the place of legacy media. The problem with legacy media, I
• 1:21:04
  mean the probably with independent media is there's
• 1:21:07
  like a million effing podcast, right?
• 1:21:10
  Like even Joe Rogan, he does great.
• 1:21:12
  And I still listen to Joe Rogan if it's like a if it's like a
• 1:21:14
  really like the the one that he did with Trump and then the one
• 1:21:17
  that he did with like, you know, some people, I still listen to
• 1:21:19
  Joe Rogan every once in a while, but I'm not listening to Joe
• 1:21:23
  Rogan every single day, right? So but what if something really
• 1:21:26
  important happens on Joe Rogan or something really important?
• 1:21:30
  I mean, it will probably end up on X, guys, right?
• 1:21:34
  If it's a viral clip, it will end up on X.
• 1:21:36
  But what you do is you essentially just aggregate all
• 1:21:38
  of this and does it give like a weekly news summary of all the
• 1:21:42
  highlights that have happened? Yeah, that's the digest.
• 1:21:46
  And so the digests are updated weekly and like the Bitcoin one
• 1:21:50
  for example, like it will shift and it will give you something
• 1:21:53
  to read, but it's all based on actually what was said.
• 1:21:57
  And then it relates what's written to actual time stamps
• 1:22:00
  and clips that you can just pinpoint.
• 1:22:02
  So it's like, OK, I don't have time to listen to this two hour
• 1:22:06
  episode. I care about this one thing that
• 1:22:08
  was said during the certain moment, and that's what is
• 1:22:11
  highlighted in the digest. Very, very same thing on the
• 1:22:14
  clip feed and all of that. Yeah, very, very cool.
• 1:22:16
  Exactly what you mentioned. Like, right.
• 1:22:18
  Like, you know, Joe Rogan has the biggest podcast in the
• 1:22:20
  world, talks about tons of different topics, and now you
• 1:22:24
  have these kind of clip hunters out there that are listening to
• 1:22:27
  episodes to find a particular moment so they can share it on X
• 1:22:31
  and go viral. And so the next thing that we're
• 1:22:34
  looking at adding is being able to just take that clip and if it
• 1:22:38
  has a video, whether it doesn't, we'll put it into a video format
• 1:22:42
  for you and then immediately go share it on X.
• 1:22:45
  So you can just scroll on the timeline, find things that you
• 1:22:48
  thought were interesting, or go pull it from a digest and then
• 1:22:51
  share it on X instead of having to like, search the episode, you
• 1:22:55
  know, pull it up, record it in your browser, clip it, trim it,
• 1:22:59
  and then post it. It's just one click download
• 1:23:01
  share to X. That's awesome.
• 1:23:04
  Clip finders literally losing their job to AI thanks to Kaz
• 1:23:07
  and Bubble and. We'll see.
• 1:23:09
  It yeah. So guys, go check out bubble dot
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  FM. Go to BUBBL dot FM again.
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  BUBBL dot FM. What's the last three letters?
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  No, no, I'm trolling. I'm trolling.
• 1:23:25
  Go go check out 'cause he's a he's our boy.
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  He's been in the Bitcoin industry for a while.
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  Super awesome that you know he's on this new venture.
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  It's really, really cool. Go check out the platform guys.
• 1:23:38
  This was simply Bitcoin Live last episode of the week.
• 1:23:41
  We appreciate you guys for tuning in.
• 1:23:43
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• 1:23:45
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• 1:23:53
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  sponsor Bitcoin 2025. It's the the largest Bitcoin
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  Embrace Game theory. The entire simply Bitcoin crew
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  is going to be there. Ladies and gentlemen, Ross
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  Ulbricht will be speaking at Bitcoin 2025 officially announce
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  the man, the myth, the legend himself, freedom fighter
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  sentenced to three life sentences, freed by President
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  off. All right everybody, love you
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  all. We'll see you guys on Monday.
• 1:24:50
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• 1:24:52
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