Latest / Simply Bitcoin / Has Bitcoin Topped At $126k?! (PREPARE NOW) | EP 1349

Transcript

Has Bitcoin Topped At $126k?! (PREPARE NOW) | EP 1349 · Simply Bitcoin

0:00
Yo, Donald Trump promised 150K early in his presidency, I mean
0:06
before his presidency at Nashville 2024.
0:09
But Bitcoin took a 5% dive just yesterday.
0:13
At the same time we just saw the largest transfers by whales in
0:18
2025. What do the whales know that we
0:20
don't? Many people are beginning to
0:22
wonder, was 126 K the top of this Bitcoin bull run?
0:27
As crazy as this sounds, an anonymous user user made an
0:30
interesting prediction two years ago saying Bitcoins 2025 bull
0:36
run would end on October 6th the same day that we peaked at 126
0:41
K. Maybe he saw things that we
0:44
couldn't see how did he predict this from two years ago?
0:47
Maybe we're connecting dots that aren't really there anyways.
0:51
Is this a coincidence or a prophecy let's check it out so
0:54
let's jump straight into it. What am I talking about Well,
0:57
let me pull up the post itself. If I can find it Opti let me put
1:01
let me post put this one up first.
1:04
So this is a post by Master of crypto.
1:08
I mean that already kind of takes away from.
1:10
Yeah, yeah. Well, he's not the original
1:13
poster. I think he.
1:14
Just paid this is this is a screen shot by anonymous and
1:18
this was posted two years ago. And he said All time high 2015
1:23
to all time high 2017, all time low, all time low all time low
1:27
2015 to all time high 2017, 1064 days, All time high 2017 to all
1:33
time low 2018 364 days. All time high 2018 to all time
1:38
high 2021, All time low 2018 to all time high 2021 = 1064 days,
1:45
All time high 2021 to all time low 2022 = 364 days.
1:51
This pattern would print this cycle's all time high on the 6th
1:55
of October 2025. People want to believe
1:58
otherwise, but the simulation will repeat itself.
2:02
Do you guys agree? Do you disagree?
2:04
If you guys agree, drop A1 in the chat.
2:06
If you guys disagree, drop A2 in the chat.
2:08
Personally, I'm dropping A2 in the chat.
2:11
Anyways. Bitcoin Archive says $4 billion
2:15
worth of Bitcoin from wallets inactive three to five years
2:20
moved yesterday. Largest such transfer of 2025.
2:24
Now the reason this is such a big deal is usually what happens
2:30
towards the end of Bitcoin bull markets is you see a large
2:36
movement from Wales, from people that are holding a lot of
2:41
Bitcoin. They start to cycle out, they
2:43
start to sell some of that Bitcoin and then the cycle just
2:47
kind of, you know, falls in itself.
2:49
But something that me and Opti were talking about these last
2:52
this last week or so, a theme was this idea of the Bitcoin,
2:58
the Wall Street CHEAT SHEET. And we were talking about, are
3:01
we at hope? Are we at belief?
3:03
Are we at disbelief? Are we at euphoria?
3:07
I don't know about you guys, but I don't think we've seen
3:10
euphoria really since November of last year.
3:13
And that euphoria was like, it wasn't really like a blow off
3:17
top. You know, it was like this kind
3:19
of like, you know, it was a tease.
3:22
It was a tease. And anyways, also, we're not the
3:25
only ones that are talking about, you know, the ends, the
3:28
Q4 of 2025. There's a lot of institutional
3:32
players that are calling for a much higher price this cycle.
3:38
Now, of course, no one knows for sure, but I did find this quite
3:42
interesting. I mean, to give this guy, I
3:45
mean, this guy did post this on October 8th and this is just a
3:50
quote UN quote screenshot. So he he could have moved some
3:54
things up there. He could have moved some things.
3:56
Anyways, I'm going to play you guys this video from, I think
3:59
his name is Mike Hogan, Matt Hogan, Matt Hogan, Matt Hogan.
4:03
He's from Bitwise and he's talking about a certain Bitcoin
4:07
price at the end of Q4. Let's check it out.
4:10
There are two things that are going on.
4:11
One is that the debasement trade has become the hottest trade on
4:14
Wall Street, right? JP Morgan is writing about it.
4:17
Everyone is suddenly concerned about Fiat currencies, and so
4:21
they all want to get exposure to the two best plays in that
4:23
space, which are Bitcoin and gold.
4:26
For what it's worth, I think that fact accelerates into the
4:29
end of the year. One thing people don't think of
4:32
much is that when institutions and financial advisors sit down
4:35
with their clients at the end of the year, they want to show them
4:38
that they had the hottest trade of the year.
4:41
Last year, they wanted to show them that they owned NVIDIA.
4:43
This year they're going to want to show them that they own
4:45
Bitcoin and gold. And so I think that's going to
4:48
drive additional interest. The second thing that's driving
4:51
results is just flows into Bitcoin ETFs.
4:54
We've seen $3 billion in flows in the first five trading days
4:58
of October. That's nearly a record for a
5:01
five day period. We think Bitcoin ETFs are going
5:04
to set a record for flows in Q4. We're seeing Morgan Stanley and
5:08
other wire houses coming into the space.
5:10
So I'm really excited about that.
5:12
Flows in the debasement trade put them together and Bitcoins
5:16
at 1:25 and going higher. OK.
5:19
Bitcoin at 1:25 and going higher the last time I talked.
5:21
I think that your prediction for the end of the year was
5:23
$250,000. Is that still in play, $200,000?
5:28
Don't, don't, don't round me up yet.
5:30
We said, we said $200,000 in December of 2024.
5:36
And yes, I still think it's in play.
5:37
What we will need in order for that to happen is to see this
5:41
strong acceleration of ETF flows that I predict will happen.
5:44
I think we could get 10 to $20 billion in flows in Q4 alone.
5:48
If we see that and reasonable corporate and government buying,
5:51
I think 2200 thousand is a reach, but still very much
5:55
possible by the end of the year. Wow, I mean, that's interesting.
6:02
That's interesting. 200K Bitcoin by the end of the year.
6:06
What do you guys think? I mean, did he, did he move the
6:09
goal posts a little bit? Did he say?
6:10
I mean she was calling him out? No, I think he said 200K.
6:13
OK. So she's, so she moved the goal
6:16
posts a little bit. Yeah, yeah, she moved the goal
6:18
posts a little bit. So anyways, I have another
6:21
video. Who's this next video with?
6:22
This next one. Wait, which one do we got here?
6:25
Oh, this next one is Citibank CEO this morning and he's saying
6:30
something very similar. It's actually almost a little
6:33
more bullish than Matt Hogan. So again, Matt Hogan is more of
6:37
on the digital asset side of Wall Street.
6:39
This is Citibank on the more traditional side of Wall Street.
6:44
And pretty interesting clip here.
6:47
So play, play the clip and we'll come back and chat about it.
6:52
Correct me if I'm wrong, but you're I think going into late
6:54
26, your forecast for Bitcoin and Ether are pretty good.
6:58
Yes, not mine, but our teams, yeah.
7:01
So, yeah, so we're looking for continued follow through there.
7:03
Kind of comes back to your discussion earlier on on how to
7:06
think about your alts in terms of of gold and and and crypto.
7:10
And you know, I think your your commentary spot on there.
7:13
I mean, I think we just have to allow that you have a very
7:16
aggressive momentum driven equity market.
7:18
And so I think people don't want to miss that.
7:21
So you're looking for your hedging opportunity and the way
7:24
we see it in addition to central bank buying, as you mentioned, I
7:27
think that that those two asset classes become hedges of choice
7:31
as you're trying to navigate this ongoing strength, highly
7:34
valued, but momentum driven equity market.
7:38
So I mean, interesting Opti, macro.
7:42
Opti, what are your takes, brother?
7:43
Well, first of all, I, I do want to comment on the, the, I don't
7:49
even know where it is. Is that like a 8 Chan post or a
7:52
4 Chan post or something? I, I find it, it is obviously
7:58
very interesting. I love, I love kind of seeing
8:00
predictive stuff like this. And then when it hits the date,
8:03
you're obviously it's like mind blown.
8:05
Wow, is the simulation real? You know you you put your
8:07
tinfoil hats on right? But I also find it interesting
8:11
because my boy, you guys know my infamous friend who keeps
8:15
texting me telling me it's the top has been calling 126 K top
8:20
for the last month or two. And he literally texted me last
8:23
night like, dude, bro, there's a what is it?
8:26
What do you say? There's a bearish weekly
8:28
divergent bro, like we're going down 126 K top.
8:32
And I was like, dude, I got the perp.
8:33
I literally dreamed about this topic last night.
8:36
I'm like, I know exactly what we're going to do.
8:38
The show on it's what everyone's wondering was 126 K.
8:41
The top is the bull run over. Obviously, I don't think that
8:45
that's the case. There is a lot of people that
8:47
are saying it is the top. They they have a lot of reasons
8:50
for this. You know, you can say
8:51
simulations real. I predicted this a prophecy
8:54
coincidence. Whatever.
8:56
You can you can chart boy, you could TANB weekly bearish
9:01
divergent and then I I kind of back checked that this morning
9:05
and there was multiple, you could say weekly bearish
9:08
divergences from the 2015 bottom to the 2017 top.
9:14
The 2013 bull run. You see this happen all the time
9:17
during bull run. So I'm not really, you know,
9:20
trading my bags on on my buddy's prediction here on his TA chart
9:24
boy. Hopefully he'll jump in the chat
9:26
and and start trolling me, but I think I think what we're seeing
9:31
right now is obviously a very healthy kind of correction.
9:33
I'm I'm kind of looking at it more of a cup and handle type TA
9:37
chart boying where we just broke all time high.
9:41
We did get the highest. What was it weekly close ever?
9:44
It's pulling back. It's kind of testing that
9:46
support and then I think we're going to get some some action
9:49
here and we're and we're going to start ripping.
9:51
That's kind of you know, enough THR boring from Opti today.
9:54
My more macro take is the reason I think these two clips are very
9:58
interesting being played back-to-back is because what
10:02
I've been telling you guys about what's gold is going on with
10:04
gold and what we're seeing the narratives around on Wall
10:07
Street. I, I was telling you guys, I, I
10:10
did chat with my dad last night and he's super hyped on gold.
10:12
He, we were kind of was kind of trolling him and my mom about
10:15
his gold bags. And he's like, yeah, I bought
10:17
these bags in like 1985. They're doing really well.
10:22
And I was like, I'm proud of you, dad.
10:23
Like, good for you, good for you.
10:25
But we're seeing a lot of things happen.
10:27
And Matt Hogan said it very directly.
10:30
The debasement trade is all the rage right now.
10:33
That is the narrative that I think people are having in the
10:36
back rooms is exactly what the City Bank guy said.
10:39
He said exactly the same thing but in a different framing.
10:42
He essentially said, look, people are looking at what's
10:44
going on in the markets and they're trying to figure out
10:47
what their hedge is going to be. Obviously, the main hedge for
10:50
everyone is gold. We've seen this play out and,
10:53
you know, who knows how high gold's going to RIP.
10:56
I did see Jim Cramer this morning tweet and say that he's
10:59
been bullish on gold for a while.
11:00
So maybe this is the, you know, the pull back that Bitcoin needs
11:04
in gold for it to start ripping in our kind of sector of the
11:08
traditional financial markets, or rather in our sector of the
11:11
macro markets. But this is like the big trade.
11:14
I, I think Matt Hogan's right. We've heard it from the City
11:17
guy, the Citibank CEO. He said the same exact thing.
11:21
Everyone is looking for a way to hedge themselves.
11:23
What they're seeing right now is is starting.
11:25
It should make them feel a little uneasy if you're seeing
11:28
gold RIP this hard and further and we're not going to cover it
11:31
today. But if you're watching what's
11:32
going on with the Japanese yen right now there, there's a lot
11:36
of crazy stuff going on in macro markets that should be giving
11:40
traditional investors concerned. And This is why they're piling
11:44
into gold. And I think once gold does hit,
11:47
you know, some kind of some slow down a little bit of a pullback.
11:50
Once the steam kind of runs out in gold a little bit, I'm not
11:53
saying it's going to dump. I'm just saying I think they
11:56
they at some point soon we will see some kind of slow down in
11:59
gold. And that is the perfect setup
12:01
for Bitcoin. Now there are a lot of
12:03
predictions right now saying that gold's going to RIP to like
12:06
4900 and 2026, which really makes me think of this whole
12:10
idea of like a crack up boom in the economy.
12:12
And if that's the case, then I think the four year cycle in
12:17
Bitcoin might potentially be coming to an end.
12:20
And the reason I'm saying that is, again, another thing that
12:23
Matt Hogan said, as I've been telling you again, I was, I was
12:27
talking to my mom last night and she actually had like a pretty
12:29
interesting insight. I kept telling her, what I tell
12:32
you guys on the show constantly is like, most people have no
12:35
money right now. And a lot of people are
12:37
struggling. And This is why I think the
12:39
retail hasn't really came back into Bitcoin or even crypto
12:43
markets. One, they probably got burned
12:45
during the FTX type, you know, crash.
12:48
But 2, they just really don't have excess capital right now.
12:51
And she and I was telling her this, I'm like, man, a lot of
12:54
people, a lot of people are really hurting right now.
12:56
And, you know, Bitcoin I think is in a really good place.
12:59
And she said, yeah, there's going to be a lot of people that
13:02
have this, like, should have, could have wish.
13:04
I wish I bought Bitcoin then. And I was telling her and me and
13:07
Nico have been talking about this on the show for a while
13:09
that I think we're starting to see a setup right now where as
13:13
Bitcoin rips, we're going to be kind of looked at as the bad
13:15
guys. It's like, oh, these guys got
13:17
lucky. They bought Bitcoin under 100K.
13:19
Like, I'm not buying their bags. And I was just saying, like,
13:23
we've been doing our best for the last 15 years to try to get
13:26
everyone into Bitcoin. And they're still going to paint
13:28
us a bad guy. And they're going to be like, I
13:30
wish I would have bought in at this price and they're not going
13:32
to buy in anyways. I'm saying all this to say that
13:36
it is starting to very clearly be proven that retail isn't
13:41
driving the Bitcoin price anymore.
13:43
And when you understand or rather if you take that as the
13:46
given, then what you do need to be looking at is institutional
13:50
inflows. And the BlackRock I bit ETF in
13:55
it of itself has become like the most successful ETF period out
14:00
of every ETF right now. It is literally right now
14:03
currently it's only you know, midweek, but it's the number one
14:06
ETF being bought. There's billions of dollars of
14:08
inflows going into it. There's billions of dollars of
14:11
inflows going into all the Bitcoin ETFs.
14:13
And so if that is the case, if we are in kind of a new paradigm
14:17
where Bitcoin isn't being driven by retail, but by institution
14:21
and the Bitcoin ETFs are the best performing products out
14:24
there, then you do have to look at the institutional inflows in
14:28
the Bitcoin. And that's going to give you
14:29
more information of what of what's going on in the market.
14:32
And so if this is kind of the breakdown of the four year hype
14:36
cycle and we're not going to get like a crazy blow off top
14:39
because retail isn't diving in and they're not feeling the
14:41
FOMO, but we're getting a more slower accumulation from
14:45
institutions. And they're also predicting not
14:48
only in Bitcoin that we're going to get a bullish 2026, but that
14:52
all equity markets and commodities are going to be
14:54
pumping into 2026. I, I'm, I'm starting, I, I think
14:58
it's a very easy kind of prediction to think that 2026
15:02
will also be a good year for Bitcoin.
15:05
And this really leads us into our last tweet here that I, I'm
15:08
really glad we're bringing up this Bellagi tweet because you
15:11
know, Bellagi has been around for a lot longer.
15:13
I would argue a lot more educated than I am.
15:17
And he is confirming a lot of the things that me and Mitchell
15:19
Hotto have been saying. And again, maybe I'm confirming
15:21
my own bias, not. Bellagi.
15:24
Oh sorry, it's VJ. Sorry, sorry, sorry.
15:26
I was thinking of his last name. We'll get to the Bellagi 1.
15:28
This no, I meant, I meant the VJ Boyaparti tweet here.
15:32
So read this one Nico, and then we'll chat about it a little
15:35
bit. Yeah, absolutely.
15:36
So OPTI is macro Opti and it's really, really impressive.
15:40
Dude just watch gold guys. Gold is telling us everything.
15:42
Opti Opti's become a macro expert covering simply Bitcoin
15:47
anyways, so this kind of goes back to the points that Opti was
15:51
making regarding this cycle. Actually, you know, I want to
15:54
give credit where credit is due. Shout out Mauricio Co founder of
15:58
Leaden, because he's the one that actually said it to us
16:01
many, many months ago. He said that this cycle is
16:05
different because the main buyers of Bitcoin this cycle are
16:09
institutions, the smart money and smart money doesn't just
16:13
smash by right. They don't just say, OK, you
16:16
know what Bitcoin hit all I do, but they don't Bitcoin hit
16:20
126,000 let's smash buy and buy some more Bitcoin.
16:24
That's not what they do right. So what they do is and you saw
16:28
sailor. The reason sailor was able to
16:30
accumulate so much Bitcoin without moving up the price.
16:34
You imagine if if Sailor just went on like Coinbase or
16:36
something and he just bought Smash bot like we would have
16:39
wait. Isn't he already doing that?
16:40
We would have gone to 500 K already, but the reason he
16:43
didn't run up to price is because Sailor was buying in a
16:46
fashion where he would buy just a little bit every day.
16:50
So wouldn't make the price go crazy.
16:54
And when you buy OTC, when you buy over the counter, it doesn't
16:58
really move the needle that much to a, to a, to a certain extent,
17:01
right. So anyways, and this is the case
17:04
that VJ makes, but VJ disagrees with you a little bit Opti,
17:08
because VJ says that the blow off top is going to eventually
17:11
come, but it's just not here yet.
17:13
I'm with that. I'm all I'm 100% with that.
17:16
So then it kind of goes into the extended cycle theory at that
17:20
point. Well, I'm not a big fan of
17:21
extended cycle theory because it, it really, it reminds me of
17:24
all your models are wrong. And it's like, OK, well, if my
17:27
model's wrong, then let me just adjust the model a little bit
17:29
and then it's obviously right. So I don't know.
17:32
What do I know? Anyways guys, if you guys are
17:34
enjoying today's show, make sure to smash that like button really
17:37
really helps with the algos like usual.
17:39
Shout out to the Rumble audience, shout out to the
17:41
Primal audience, Noster via Primal, shout out to the YouTube
17:46
audience. Just broke 500 live viewers.
17:48
And of course shout out to the X audience.
17:50
Always coming in strong. If you guys are enjoying simply
17:52
Bitcoin live, make sure to smash that like button.
17:55
Help us break 100 likes within the 1st 25 minutes of the show.
17:59
Anyways, I do want to I want I do want to read you guys this
18:01
post by VJ. He says this bull cycle has been
18:05
characterized by long, long periods of consolidation.
18:09
So I mean between the parentheses, the grind followed
18:12
by brief but powerful rallies. It is clearly different to the
18:16
parabolic moves from prior prior cycles because it's no longer
18:21
being driven by retail FOMO. This is much healthier because
18:25
this is monetizing Bitcoin, the final parabolic phase of of the
18:30
of the bull market event. Parentheses.
18:32
It will come is pure speculation and most of the people buying
18:37
are not doing so out of any conviction or desire for long
18:40
term savings, but out of a short term desire for a quick trading
18:44
win. They mostly get shaken out and
18:47
don't help in the long term process of monetization.
18:51
Parentheses, namely the increasing distribution of
18:54
monetary good into a population. The longer we grind higher, the
18:59
better. The longer we grind higher, the
19:02
better. So you know, VJ dropping bars.
19:05
I don't want to believe it. And I will say about VJ, you
19:09
know, this is this is a man who wrote a lot the bullish case for
19:13
Bitcoin, one of the best pieces. It was originally a Medium
19:17
article that was made into a book, right?
19:21
So he's contributed tremendously to the space.
19:25
Then before I pass it on to Opti.
19:26
Opti, I want to talk about this because you were mentioning
19:28
Balaji earlier on. Let me make us a little bit
19:31
smaller. I think it already did.
19:34
And why is this significant? Why is it significant that gold
19:39
is about to flip treasuries? First of all, let's give context
19:42
here. What are treasuries and what is
19:44
gold? And why is it significant that
19:46
gold is about to flip treasuries?
19:48
Well, I mean, I don't know if my example of my definition of what
19:51
treasuries is the best best example.
19:53
I was just going to say they're government IOU's guys.
19:58
Give the meme explanation and then give the real explanation.
20:01
So I did. They're government IOU's.
20:03
It's government debt that is basically a cash equivalent.
20:06
And essentially the reason this is significant is because
20:11
treasuries have essentially been the risk off store value right
20:16
now for for everything around the world.
20:18
Like the world runs on treasuries basically like it's
20:21
built on treasuries, it's built on government debt.
20:24
And essentially, you know, a treasury is you, you know, you
20:29
basically give the government money and then they say they're
20:31
going to pay you back based on the interest.
20:33
And as you're seeing from a lot of the conversations between
20:36
Trump and Powell right now, is this conversation over the
20:40
interest rates of Treasuries, or you can think about it, how they
20:43
can incentivize or interest someone into buying Treasuries
20:46
so that they can store Treasuries.
20:48
But what we're seeing is most people do not want to store or
20:51
hold Treasuries right now because there's no returns.
20:54
And if there's no returns to Treasuries and people are
20:56
dropping that for gold, then what is that telling you about
20:59
the traditional financial system is that people are moving away
21:02
from treasuries and they're trying to find a different asset
21:05
to store their value you in. And right now what we're seeing,
21:08
this was actually a couple of weeks old recently, we saw that
21:12
central banks have basically acquired gold at the highest
21:15
level in about like our lifetimes in like 30 years.
21:19
And so for the first time in basically a lot of our
21:22
lifetimes, if you're 30 or younger, in literally your whole
21:25
lifetime, now we have central banks holding more gold than
21:29
treasuries. So they don't even want to hold
21:30
their own debt. They they're not holding it.
21:32
A lot of people aren't holding it, which means that people are
21:35
moving away from Treasuries. And if they're moving away from
21:38
Treasuries, then that's really throwing a wrench into
21:42
essentially the gas that drives the modern economy.
21:46
This is how the, you know, quote meme of money printer go Burr is
21:50
essentially anytime you create debt and that creates more
21:53
dollars into the system, they have to create more dollars to
21:56
continue the system to keep going.
21:57
If people are moving to a hard currency that it's a lot harder
22:00
for them to create, AKA that's why you call it a hard currency,
22:04
then it's starting to show that there is a monetary reordering
22:08
happening in real time. Now, of course, most people are
22:10
going to move to gold first because that's like the safe
22:15
bet, you know, that's the the safe hedge here that it has a
22:18
2000 year old, you could say longer track record.
22:21
Bitcoin is only 15 years old. And so you're starting to see
22:24
that where we are right now is people are playing hot potatoes.
22:28
They don't want treasuries, they don't want government debt.
22:31
They don't believe in the institutions that they will get
22:33
a good return in 30 or even 10 years from now.
22:37
And, and so people are looking for something that will give
22:39
them a good return. Obviously, from our perspective,
22:42
we think Bitcoin will give the best return period going
22:44
forward. But if you are more of a
22:46
conservative person a la what a central bank is or an
22:49
institution, then you're going to buy, buy gold.
22:52
But what this is telling us about the system right now is 1,
22:55
they don't really trust that the government will be able to pay
22:58
you back or even pay you back in good interest and beat
23:01
inflation. And two, they want to hold a
23:04
hard currency. And as we've been seeing, the
23:06
digital gold meme has been catching on like wildfire.
23:10
That's like the whole, you know, flavor of the month is, oh,
23:13
bitcoins, just digital gold, the digital gold.
23:15
You've heard digital gold be spun around and basically every
23:18
circle right now, and they're all saying the same thing.
23:22
But we look at Bitcoin a lot more than just digital, digital
23:25
gold. We think it's the best, the
23:27
best, excuse me, the best aspects of gold and of course
23:31
the best aspects of Fiat, which is Fiat can move very quickly
23:34
around the world and gold stores value very well throughout space
23:38
and time or rather through time. You know, gold's best through
23:42
time storing value and Fiat money is really good through
23:46
space. It moves around very quickly.
23:48
Bitcoins, the best of both worlds is combined both of those
23:51
really good qualities and that's what Bitcoin is.
23:53
This is why we look at Bitcoin much more than, you know, just a
23:56
digital gold. It's the best money that we
23:58
have, period. And so you're seeing in real
24:00
time, there is a monetary reordering happening right now.
24:04
And a lot of people that are in these positions, like what we
24:07
played yesterday with Christine Lagarde, they are incentivized
24:11
to essentially try to keep you on Fiat money.
24:13
They're they're, they're trying to keep you hooked up into the
24:15
machine so that you can't actually escape their, their
24:18
literal jobs depend on you staying in dollars.
24:21
But now the secret's getting out, AKA they've been calling it
24:25
the debasement trade. That is if that is the new kind
24:28
of trade. If that is the new meme catching
24:32
on on Wall Street, then everyone is looking for the best place to
24:35
store value. Obviously right now it's gold,
24:38
but there is about what I think it's 100 day delay between gold
24:41
hitting all time high and Bitcoin hitting all time high.
24:43
So if gold just hit all time high yesterday, it's, or rather
24:47
maybe this morning it's at 4K. Now what 100 days from now is
24:52
that I don't know. Is that around Christmas time?
24:55
We see it, we see the final, final blow off top here.
24:59
It's all kind of aligning perfectly.
25:00
And again, I am, I am kind of reading between the lines.
25:04
I am connecting some dots. I am kind of, you know,
25:07
confirming my own biases here. But I think all the mimetic
25:11
power right now is in our favor. And if everyone is 1, basically,
25:16
seeing what Trump's been saying, he's been calling it the MAR a
25:18
Lago Accords for a while. They all know the game.
25:21
Inflation's going pretty crazy. They're going to cut interest
25:23
rates basically into a stagflation economy.
25:27
You got to find something better that's going to be beat
25:29
everything. Listen, I don't want to hear
25:30
about the Mar A Lagos Accords. He's got to hold the Bitcoin
25:34
Accords. At Mar a Lago, all right, and
25:36
yo, he's got a fulfilling promise 150 can invite.
25:39
All the world leaders and tell them to smash buy Bitcoin
25:42
because if not, he's not going to keep his campaign promise.
25:45
I'm looking at my mother-in-law right now.
25:47
She's predicting half $1,000,000 Bitcoin by the end of the year.
25:51
I'm telling the thousands of you guys watching right now.
25:53
My mother-in-law is making eye contact with me right now and
25:57
she's saying half $1,000,000 Bitcoin.
26:00
Very, very aggressive. Very very aggressive.
26:04
I didn't say it, she said it. Anyways, if you guys are
26:07
enjoying the show so far, smash that like button almost at the
26:10
30 minute mark. 555 of you guys watching live on YouTube alone.
26:15
Thousand of you guys watching live on X and the Rumble and
26:18
Primal audience coming in strong as well.
26:20
Smash the like button really, really helps with the algos.
26:24
We're already at 136 likes on YouTube.
26:27
Smash the like button. Help us get to 200 likes.
26:29
Anyways, guys, it's gonna be a fantastic show.
26:32
Senator Lummis, the Bitcoin senator was attacked by the
26:37
previous administration. Let me rephrase that.
26:40
How do, how do I even say this? Don't ask me.
26:45
The previous Senator Lummus was targeted.
26:51
She was looked into by the previous administration.
26:55
And that, that is like unheard of in American history, right?
26:59
You know, the, the, the, the controlling political party
27:04
using the power of the state and law enforcement to look into
27:09
political opponents. Now, we're not going to get into
27:12
all the other things 'cause this is a Bitcoin show, guys.
27:15
If you want, you know, political content, go look at political
27:18
shows. But we are going to focus on the
27:20
Bitcoin angle of it because I think that's what was the root
27:26
of the investigation. I think the root of the
27:28
investigation was, remember the previous administration was
27:33
extremely hostile towards Bitcoin.
27:36
They didn't like Bitcoin. They didn't like that was that's
27:39
actually one of the reasons as to why President Trump is so pro
27:43
Bitcoin. They didn't like Bitcoin at all.
27:46
And that actually created an opportunity for the opposing
27:50
political candidate to run on that platform.
27:53
He wanted to run on the platform of like, listen, if you vote for
27:56
me, I will get, you know, I will get the Biden administration off
28:01
your back. I will, to quote Trump, you
28:04
know, with the hands and everything.
28:06
I will end the war on crypto. I will end the crusade by
28:10
Elizabeth Warren on crypto. And that's exactly what the
28:13
Trump administration did. But more skeletons are coming
28:16
out of the closet. They looked at Senator Lummis.
28:19
They were, they were, I can't even say the word right.
28:22
They were looking at Senator Lummis.
28:26
They were looking at Senator Lummis while she was a sitting
28:31
US senator because of her views on Bitcoin, and that is unheard
28:36
of. That's crazy to me.
28:38
So we have the video of her on legacy media.
28:41
We have the clip. We're going to play it for you
28:43
guys. We're also going to be talking
28:44
about the implications of it. We're going to be talking about
28:47
the importance of the incoming, the upcoming midterms that are
28:50
happening in 2026. We're going to be talking about
28:53
the importance of elections, right.
28:55
We were getting so much heat when we were covering President
28:58
Trump running for office, but it was super, super important.
29:02
And then during the news segment, Square brings Bitcoin
29:06
to Main Street with first integrated payments and wallet
29:09
solutions for local businesses. So I think that is massive,
29:13
massive news. We're going to be talking about
29:15
the implications of what that means.
29:17
And then of course, during the culture segment, Opti has
29:20
something lined up for you guys as well.
29:22
So if you guys join the show, like I said, make sure to smash
29:26
that like button and we're going to be right back in just a bit.
29:29
But before we do, I do want to give a shout out to Simply
29:32
Bitcoin's lead sponsor. Guys, this is the best place to
29:36
build your automatic self custody Bitcoin stack,
29:40
bitcoinwell.com. To get started, go to
29:43
bitcoinwell.com/simply. You put in your e-mail address.
29:48
It takes 2 to 5 minutes to get signed up and bada Bing bada
29:51
boom, you're ready to buy non custodial Bitcoin.
29:55
Bitcoin Well is a non custodial platform, meaning when you buy
29:58
Bitcoin on Bitcoin Well, as soon as the funds clear, it goes
30:02
straight to yourself. Custody Bitcoin wallet address.
30:05
If you're a higher net worth individual, a family office, a
30:08
trust or an organization and you're looking to buy $50,000
30:12
worth of Bitcoin or more, you have to check out Bitcoin Well,
30:17
Infinite to get started, go to bitcoinwell.com/OTC and tell
30:22
them your friends over at Simply Bitcoin Sent you and those guys
30:25
will take really, really good care of you.
30:27
All right, everybody, let's get to the numbers segment.
30:30
We have tons to talk about. We're going to be right back in
30:32
just a little bit. I want to give a shout out to
30:41
our partner Stamp seed. Is your Bitcoin and cold storage
30:44
really secure? Are your seed phrases really
30:47
secure? Stamp Seeds Do It
31:09
Once the words are in, they aren't going anywhere.
31:12
No risk of the plate breaking apart and pieces falling
31:16
everywhere. Titanium stamp seeds will
31:18
survive nearly triple the heat produced by a house fire.
31:21
They're also crush proof, waterproof, non corrosive, and
31:25
time proof. And now you can customize your
31:28
titanium seed plates. You can upload your design or
31:32
logo and they will laser engrave it on the back of your seed
31:36
plate, the opposite side of where the words are.
31:39
Stamp your seed on stamp seed and use promo code simply to get
31:44
15% off anything on the Stamp se-ed.com store.
31:53
All right everybody, we are back.
31:55
Scan the QR code on your screen. Go to stampse-ed.com today.
31:59
Use promo code simply to get 15% off anything on the store.
32:02
Get their twelve word steel, not steel, not steel, titanium plate
32:08
right now. They just came out to the 12
32:10
word plate. You guys were asking for it,
32:13
They delivered. Head over to stampse-ed.com
32:15
today. Use promo code simply to get 15%
32:19
off anything on the store. At the time of recording, the
32:22
Bitcoin price is $123,140. Block height 918,214 sats per
32:30
dollar 812 market cap 2.45 trillion Bitcoin versus gold
32:36
market cap 8.53% Decline from all time high -2.4%.
32:42
Realized monetary inflation .84%.
32:46
Anyways, this is crazy. I really recommend watching if
32:51
you guys want to get kind of caught up, watch the Pam Bondi
32:55
testimony in front of in front of the Senate Oversight
33:00
Committee. It was highly entertaining.
33:03
Her and Adam Schiff went back and forth.
33:05
It was fantastic. I really recommend watching the
33:07
whole thing. But we are Bitcoin show.
33:09
So we're going to focus on the Bitcoin policy side of things,
33:12
the Bitcoin politics side of things.
33:15
And I know what everyone's saying, it's like Nico,
33:17
Bitcoin's apolitical. It is, it is apolitical.
33:20
The technology itself is apolitical, but the
33:22
implementations of the technology and if enough of the
33:28
percentage adopt A Bitcoin standard, the implications of
33:31
that is extremely political, right?
33:34
So I do want to cover this. This is Senator Lummis, the
33:38
Bitcoin senator, and she says this is her words.
33:42
I was a target of FBI surveillance because of my
33:45
politics, which are anti. How do you say that?
33:49
Antithetical. That's a hard word antithetical
33:53
to ultra certain political ideology.
33:58
Administrative state control. Imagine digital IDs and CBD CS
34:03
Everyone who dares to think differently and not align with
34:06
the current thing will be a target.
34:09
It would put a chill on freedom, right?
34:12
And I think she has a really good point.
34:13
And I think I think the reason that she was targeted
34:16
specifically was because Senator Lummus was the one who was
34:21
pushing forward central bank. Sorry, she was the one who was
34:25
pushing forward the Bitcoin policy, right?
34:28
She went on stage, Remember Nashville 2024 when Trump made
34:33
his historic speech in front of a Bitcoin audience?
34:37
It was Senator Lummis shortly after that followed him and
34:42
showed it to the crowd about the Bitcoin bill, Bitcoin Act.
34:46
And then I got to interview her in January to talk to her about
34:50
what the current status is of Bitcoin Act.
34:53
Who point O So does it surprise me at all?
34:57
Because if you guys were not paying attention, it was
35:01
essentially reported yesterday that during the previous
35:05
administration, 8 senators were being looked at by law
35:10
enforcement, by the previous administration.
35:13
This is unheard of. This has never happened before
35:16
in American history where sitting duly elected senators
35:21
are being watched by law enforcement, right?
35:25
That's that's a very dangerous precedent.
35:27
That's never happened in the United States.
35:29
But the reason that I believe Senator Lummus was targeted was
35:34
because of her pro Bitcoin stance.
35:36
And you know how the previous administration felt about
35:40
Bitcoin. All the coverage that we did
35:43
regarding Operation Choke .2 Point O, right, kind of
35:46
revealing all the different things that the previous
35:49
administration was doing, using legacy media to paint a certain
35:54
picture. You guys noticed that as soon as
35:58
President Trump got elected, all of a sudden New York Times and
36:01
Wall Street Journal and, and then it, it's all of a sudden
36:05
all that Bitcoin FUD that me and Opti spent like 3-3 or four
36:09
years combating literally disappeared from one day to
36:14
another, right? It, you know, makes you ask
36:17
questions. And now we're starting to see
36:18
the truth. This is a big deal.
36:21
And this once again confirms that Bitcoiners and the people
36:26
that were representing Bitcoiners in Washington, DC
36:29
were targeted by the previous administration.
36:32
Anyways, here's a clip of Senator Lummis talking about it
36:36
on the legacy mainstream media. Let's check it out.
36:41
Senator, shock was the the word that your colleague Ron Johnson
36:45
from Wisconsin used earlier today on Fox Business.
36:48
Listen, it should shock. It should outrage every
36:52
American. Quite honestly, by now it should
36:55
be obvious to every American that it's not the Republicans
36:58
that are a threat to our democracy.
37:00
It's it's President Obama, it's President Biden.
37:03
It's the radical leftist that have served and support them.
37:06
So the FBI tells Fox that his team tracking the senators were
37:10
able to see which phone numbers they called Senator, the
37:13
location the phone call originated to your point a
37:15
moment ago and the location where it was received.
37:18
What other information have you been given from the FBI about
37:23
the tracking that occurred? I only know what you just
37:27
recited. And so more work has to be done
37:31
both by the FBI and the Department of Justice, as well
37:36
as those of us who are on this list to find out what were they
37:40
after? They think we knew something
37:43
that they didn't want us to know about the 2020 election.
37:48
I mean, obviously, your mind goes in a variety of different
37:51
directions, but it all leads to one place.
37:54
What Ron Johnson said is right. It is the Democrats who are now
37:59
accusing Republicans of being. Insurrectionists and garbage and
38:05
using terminology for us, they were deploying the very
38:09
techniques they're accusing us of doing.
38:12
So if you just put the political context aside, oh, sorry about
38:16
that. If you just pull up the
38:17
political context aside, right, you know, because again,
38:21
obviously one political party is going to talk negatively about
38:24
the other political party and then one political party is
38:27
going to talk negatively about the other political party.
38:29
They're just trying to get voted in, right?
38:31
But if you, you know, if you take away the noise and you only
38:36
focus on the signal, which is really what I want to focus on,
38:40
is that the senator that is representing the Bitcoin
38:44
movement in the United States was tracked by the previous
38:50
administration. That is crazy to me.
38:53
Mind you, this is the senator who's against central bank
38:57
digital currencies, who's against digital IDs.
39:01
In this Last Post, she said, imagine digital IDs and CBDCS.
39:05
Like, like if, if they're doing this without digital IDs and
39:10
without CBDCS, could you imagine the world with CBDCS?
39:15
And mind you, all of this is unconstitutional, all of this
39:20
non reasonable searches and seizures, right?
39:23
The freedom of speech that we're supposed to have, right?
39:26
That is protected, but it doesn't matter.
39:29
And as Bitcoiners, we fundamentally understand this.
39:32
We have a deeper understanding, I think of of this concept.
39:36
And I think the reason is, is very simple.
39:39
Like we understand that as long as the state has a monopoly on
39:46
the control and issuance of money, then the there's a
39:50
misalignment of incentives between the state and the people
39:55
the state is supposed to represent.
39:59
It's not a coincidence that the most popular president in the
40:02
Americas, Naimbu Kelly, is the president of the first country
40:08
that made Bitcoin legal tender. That is not a coincidence.
40:12
That did not just happen by happenstance.
40:15
What you saw was an alignment of incentives.
40:18
Between the people and the state.
40:23
And supposedly because you always hear about democracy, we
40:26
always hear it's, it's like one of their favorite words, except
40:29
for Christy Lagarde. She doesn't like democracy these
40:31
days because democracy is getting in the way of her
40:34
central bank digital currency. So it's funny, like they like
40:37
democracy when it goes their way, right?
40:38
But the the thing that I wanted to focus here is again, like
40:44
this is this is nuts. This is crazy like this is wild
40:48
that this was happening. This was wild that this was
40:51
happening. And then one last thing I'll say
40:53
is guys, if you think this is over, you're you've been putting
40:58
your head in the sand in Europe, they're going full steam ahead
41:03
with the digital IDs. We played you guys the video of
41:06
Christine Lagarde literally talking about the importance of
41:09
central bank digital currencies yesterday.
41:12
So if you think this is going away, you're burying your head
41:16
in the sand. And the reason I'm telling you
41:18
that's so significant is because I know our audience is worldwide
41:25
Fiat elections that I like to call them still matter.
41:30
They still matter. I think a great representation
41:34
of that was the election of President Trump.
41:37
As much as he is flawed, as much as he might not like policies
41:42
that you like, as much as you might not agree with him on
41:46
everything, it is undeniable at this point that he was extremely
41:52
positive towards our industry. Was he positive?
41:54
No, he's imperfect, but we're all imperfect.
41:58
And again, that's not an excuse. But you have to understand that
42:02
at least in the US, it's a two party system.
42:05
So you only have two choices. And last year we had a choice.
42:09
We either had the pro Bitcoin candidate or the anti Bitcoin
42:13
candidate, pro CBDC candidate. Those are the two choices on the
42:16
ballot last year and we had to choose and look at what was
42:20
happening. This is unheard of.
42:22
This has never happened before. They were literally law
42:25
enforcement was literally tapping into the communications
42:30
of a sitting United States senator because of her outlook
42:35
on Bitcoin. That is wild.
42:39
And you're telling me that if the the party that was against
42:43
Bitcoin would have won, you're telling me that they they would
42:46
have stopped operation choke .2 point O no way.
42:51
So the reason I'm saying all this is because the midterms are
42:55
next year and I don't care whether you vote Democrat or
42:59
Republican. I don't care, but what I will
43:02
say is I think it's extremely important that you vote for a
43:07
candidate, whether he's on the left or whether he's on the
43:10
right or whether she's on the right or whether she's on the
43:12
left. That is pro Bitcoin, anti CBDC,
43:17
because if you don't, you're going to get a situation like
43:21
what we played you yesterday with Christine Lagarde.
43:24
It is literally those are the two options ahead of humanity.
43:27
It's a central bank digital currency future or a Bitcoin
43:31
future. And the side that is on the
43:34
central bank digital currency side, they don't like Bitcoin.
43:38
They see it as a fundamental threat to their future.
43:43
That's why they're going after it.
43:44
That's why they're clamping out. They can't compete, so they're
43:47
using the power of the state to try to regulate it away.
43:51
Opti. Yeah.
43:53
I mean, while you were going, I was trying to think of like what
43:58
crazy political stances does since Senator Lummus have, and
44:01
it's like nothing except for Bitcoin.
44:03
And that's why they're tapping her, you know, her cell phone
44:07
records and all this stuff. Like that's the only thing that
44:09
she said that would I guess is outside of the status quo.
44:13
And it really kind of drives home your point where Bitcoin is
44:19
not part of, you know, the old guards political kind of plans
44:24
here. And it is a wrench in their
44:26
plans. And This is why we are Bitcoins
44:28
in the 1st place. This is why we love Bitcoin so
44:30
much. This is why we think Bitcoin
44:31
will fundamentally change everything is because as we
44:34
always say, you know, fix the money, fix the world.
44:36
And I know it's just like a, a very, you know, mild meme at
44:40
this point. And a lot of people have
44:42
problems with, it's like just fixing the money is not going to
44:44
fix all the problems, bro. And we're like, we know that.
44:46
We obviously know that fixing the money isn't going to fix all
44:49
the problems, but you got to kind of go to the source of the
44:53
problem here, which is the money, which does back a lot of
44:55
the stuff that we kind of disagree with.
44:58
And if just being a bitcoiner is enough for you to be targeted,
45:02
then I think it tells you a lot about what they want from the
45:06
world. As we were saying yesterday,
45:08
it's not hyperbolic or rather we say it like everyday.
45:10
It's not not hyperbolic anymore When we say Bitcoin or slavery
45:15
like it's Bitcoin or CBDC digital future, digital ID
45:19
future here it's it's to completely track dystopia or one
45:23
where you have freedom money. From our perspective, the choice
45:26
is very clear. And even though we're seeing a
45:29
lot of good rhetoric around Bitcoin, until we see Bitcoin
45:33
being adopted by more people and more people actually becoming
45:36
Bitcoiners, or rather maybe even just believing in the Bitcoin
45:39
kind of theory or narrative, then we still have a lot of work
45:43
to do because that's where we kind of retain our power.
45:46
That's what the whole thing about Bitcoin is, is you got to
45:48
retain your capital, You got to retain your life.
45:51
And if you really want to get like esoteric about Fiat system,
45:55
it's like it's literally stealing your life force.
45:57
If you understand what inflation is, you understand that you're
46:00
working for something saying that another man can print out
46:03
of thin air. You understand that you're not
46:05
able to retain your your hard work, your labor, your time, and
46:09
the Fiat money literally steals your time.
46:11
And so first of all, you got to kind of take back your time,
46:14
take back your life. You get on the Bitcoin standard,
46:17
your personal Bitcoin standard, you start saving in Bitcoin.
46:19
And then once everyone does this, then I think this ripples
46:23
out to everything else. So it is absolutely, I don't, I
46:27
don't know if I want to say insane because at this point,
46:29
nothing really surprises me. But it is absolutely incredible
46:33
that the only thing that got really Senator Lummus on their
46:37
radar is that she's embracing Bitcoin, that she pushed the CBD
46:40
CBR or sorry, strategic Bitcoin Reserve that she embraced.
46:43
She is the Bitcoin senator. Like that's the only thing that
46:47
she really did that's outside of the status quo and that that is
46:51
enough for her to, you know, be targeted.
46:53
It's like, what kind of world are we living in?
46:56
Like this, This is freedom money.
46:58
Like this is, as I like to say, we like to say like this is
47:01
Bitcoin is as American as American Pie.
47:03
Maybe you know, our apple pie. I don't think apple pie was
47:06
created in America, but you know, we adopted it and, and I
47:10
think Bitcoin is literally like one of the the, the best
47:16
representations, one of the best technologies right now that is
47:19
representing all of the things that have been created in the
47:23
past that represent what we like to push on the show is freedom,
47:26
sovereignty, respect for your time, respect for your work and
47:30
storing it in something that will help you prosper.
47:32
Like I thought that's what this country was about.
47:34
And then somewhere along the way, we kind of kind of got
47:37
sidetracked here, I guess, to put it nicely.
47:40
But it is nuts that it is coming out.
47:42
And I mean, Nico, are we really surprised?
47:43
I think we probably were saying this a while ago, that this was
47:46
going to be the very thing that happens.
47:48
I've been, I've been telling you guys for a while that I've been
47:51
seeing this kind of trend in media headline for a while now
47:55
that bitcoiners are going to be made to look as the bad guys.
47:58
And it goes back to what I was saying in the beginning of the
48:00
show. I I was having that conversation
48:02
with my mom and I was telling her that exact same thing.
48:04
And she was like, yeah, it it is.
48:07
It is getting very interesting out there.
48:08
But hey, as Bitcoiners, we're protecting ourselves.
48:11
Like we put the oxygen mask on 1st.
48:13
And now we're trying to get more people to adopt the Bitcoin,
48:17
adopt this technology that will fundamentally change their
48:20
lives. Like, it is very tiring, I think
48:23
at times to try to help people and get people to hold Bitcoin
48:28
and they, you know, they think you're, you're trying to get
48:31
them into a Ponzi or you're scamming them or something.
48:33
It's like they fight the very thing that is going to
48:37
essentially free them. It's like, wow, we still got a
48:40
lot of work to do here. 100% All right, ladies and gentlemen get
48:45
lined up because we still got the new segment and we got some
48:48
fire news for you. Ladies and gentlemen Square
48:52
again, one of the one of the leading financial services for
48:56
providers, for local businesses. They provide, you know, they
49:01
provide a point of sale, you know, they develop cash app,
49:05
they develop the bitkey. This is this is this is Jack
49:09
Dorsey's, you know, and we we all know how Jack Dorsey feels
49:13
about Bitcoin. They had a enormous launch today
49:18
and in the in the announcement saying simplifying Bitcoin for
49:22
Main Street and we're going to get to that.
49:25
So very, very big deal, especially for merchants in the
49:28
United States. And again, This is why the
49:31
midterms are so important. Guys like we want Bitcoin being
49:35
used as money. So we want that tax exemption.
49:38
We want that tax exemption under a certain amount.
49:41
And I know that's something that's being pushed for, but I
49:45
think that's incredibly important that that gets
49:47
implemented. So we're going to be talking
49:49
about that and more. You guys are going to want to
49:52
stay tuned. We have lots to cover.
49:54
And then, of course, Opti's got the news segment in the wing.
49:56
So we're going to be right back in just a bit.
50:00
I want to give a shout out to our partner Ledin, the leader in
50:03
Bitcoin backed loans. Unlock the liquidity in your
50:06
Bitcoin without having to sell your Bitcoin.
50:09
They've issued $9 billion in loans to over 10,000 customers
50:13
since 2018. I absolutely love these guys.
50:16
Not only do I have an account with them, but I also have a
50:19
loan. And what I love about them is
50:21
that there are no monthly payments and you could pay back
50:23
the loan at any time. As soon as you send your Bitcoin
50:26
as collateral, you'll have cash in your account within 20 4
50:30
hours. Over 1005 star customer reviews
50:34
and they've never lost a single dollar or sat of customer money.
50:38
Go to learn dot leaden dot IO simply today and you'll get .25%
50:44
off your first loan. I want to give a shout out to
50:47
our partnersat123.com. Sovereignty isn't just about
50:51
your money, it's about your communications too.
50:53
When the grid goes down, most people go dark.
50:56
Cell towers fail and hurricanes, cyber attacks and blackouts.
51:00
But satellite phones, they don't rely on local infrastructure.
51:02
Iridium has 77 satellites in orbit, giving you a Direct Line
51:07
anywhere in the US, even offshore.
51:09
If you hold your own Bitcoin keys, you should hold your own
51:12
commstoosat123.com also has everything you need need to
51:16
start building your Bitcoin. Citadel, Starlink, battery
51:20
backups, Faraday bags to protect your hardware wallets and much
51:23
much more. It's a one stop shop for anyone
51:26
serious about resilience and off grid independence.
51:29
Stay connected, stay independent, stay sovereign.
51:32
Go to sat123.com/simply today and use promo code simply to get
51:38
15% off anything on the store. All right, everybody, we are
51:51
back. Let's before we jump into
51:54
today's news, I do want to give an incredibly special shout out
52:00
to one of our new partners. Guys, this is one of the best
52:04
ways to store your Bitcoin in cold storage guys, this removes
52:10
the complexity. That's what bitkey does.
52:13
It is a multi sig Bitcoin cold storage hardware wallet.
52:19
It removes the complexities of you know of what you usually run
52:24
into with hardware wallets in terms of the UI, in terms of you
52:28
know, installing it with a, with a with a with a, with a software
52:33
wallet that you have to download from a computer.
52:35
This is the type of thing where you literally download an
52:38
application on your phone and you buy the bit key wallet,
52:43
which I'm holding in my hand right now and you literally tap
52:48
on your phone to sign the transaction and from your phone,
52:52
the transaction gets sent from your phone, your your, the
52:55
transaction gets broadcasted. It is literally the easiest way
53:00
to put your Bitcoin in cold storage and it's multi sig
53:03
meaning you can make mistakes and you can still recover your
53:06
Bitcoin. This is the perfect gift to give
53:08
to people that are getting into Bitcoin.
53:10
They're intimidated, they don't understand you talk to them
53:13
about self custody and they're like, wow, that looks very
53:17
intimidating. So head over to bit key dot
53:20
world today and use promo code simply you get 20% off anything
53:27
on the bit key dot world dot world store.
53:29
Get yourself a bit key cold storage wallet today.
53:33
Again, it's fantastic. It's from the makers of Square
53:36
and Cash App. All right, let's get into
53:38
today's news. I think this is a big deal for
53:42
mainstream Bitcoin adoption. What is the breaking news?
53:46
Square brings Bitcoin to Main Street with first integrated
53:51
payments and wallet solution for local businesses Today, Square
53:55
introduced Square Bitcoin, the first fully integrated Bitcoin
54:00
payments and wallet solution built for local businesses of
54:04
all sizes, consisting of Bitcoin payments and Bitcoin
54:08
conversions. Square Bitcoin enables sellers
54:11
to accept Bitcoin payments with 0 processing fees, automatically
54:16
convert card sales into Bitcoin, and manage their Bitcoin
54:20
alongside their other business finances, all within the Square
54:25
ecosystem. The announcement comes as part
54:28
of the second Square Releases event, it's biannual launch of
54:32
new products and features for sellers.
54:35
Simplifying Bitcoin for Main Street.
54:38
We love simply Bitcoin. We love simplifying Bitcoin.
54:41
That's why at least what we try to do.
54:43
With adoption and utility growing, Bitcoin continues to
54:47
become a larger portion of everyday commerce.
54:50
Between 2024 and 2026, cryptocurrency payment users in
54:56
the US are expected to grow by 82%.
55:00
Square has always focused on providing businesses with the
55:03
financial tools and flex they need to thrive and then and and
55:08
in an in any economic environment, which is why the
55:12
local why the company is bringing Bitcoin capabilities
55:16
directly to the sellers powering local communities across the
55:20
country. Square Bitcoin Mary's Bitcoins
55:24
blocks Bitcoin expertise with Squares intuitive, easy to use
55:29
commerce technology to provide sellers with a comprehensive
55:33
suite of Bitcoin tools, stripping away complexity and
55:37
eliminating the need for technical expertise.
55:41
Bitcoin payments allow sellers to seamlessly accept Bitcoin
55:45
directly from their proof of sale with no processing fees for
55:49
the first year, giving shoppers more ways to pay and helping
55:53
sellers keep more of their hard earned money.
55:56
Bitcoin Conversations enables sellers to automatically convert
56:00
a percentage of their daily Sorry, Bitcoin Conversions
56:04
enables sellers to automatically convert a percentage of their
56:07
daily card sales into Bitcoin, helping them diversify their
56:12
long term savings from the same platform they already use to
56:15
manage their business. A Bitcoin wallet built natively
56:20
into Square let's sellers manage their Bitcoin alongside the rest
56:24
of their finances, with buy, sell, hold, and withdraw
56:28
functionality integrated directly into their dashboard.
56:33
This is massive. Here is a comment from one of
56:36
their users. Years ago, Bitcoin transformed
56:39
how we think about building wealth and Square is simplifying
56:42
our ability to bring that mindset to our business.
56:46
OK, this is absolutely massive. This is a huge deal.
56:52
And let me break down the reasons as to why this is more
56:57
significant than you would think.
56:59
OK, So as a business owner, I'm telling you it is a nightmare to
57:06
implement how Bitcoin is today. It is a nightmare from a from a
57:11
tax accounting perspective, from a payroll perspective, from a
57:17
payments perspective, it for you to receive, for you to conduct
57:24
your business in Bitcoin. You are almost forced to conduct
57:29
your business in Fiat because conducting your business in
57:32
Bitcoin is literally a nightmare currently with how regulations
57:38
are and how currently with how infrastructure is.
57:42
It's not proof is taking everything.
57:47
That's so funny. I I've been trolling you, dude.
57:49
I've been trolling you so this is you know, and people on the
57:54
chat get upset. So the reason this is such a big
58:02
deal is because again, same design philosophy behind the bit
58:08
key, right? You guys have to understand like
58:11
not everyone gets into Bitcoin and is willing to download open
58:17
source software and download wallets on their.
58:20
I'm telling you because I've experienced this.
58:23
I've been talking about Bitcoin for 10 years now and I see it
58:28
with my friends, with my family. I try to get them and it and IT,
58:31
it's just they're used to the convenience that comes with the
58:38
Fiat infrastructure that exists today.
58:42
What Square is doing is genius because what they're doing is
58:45
that they're building out the infrastructure so that regular
58:49
everyday human beings could use it.
58:52
And I'll give you an example. So back in the 90's, the theory
58:58
was that every single person was eventually going to have a
59:01
desktop computer in their home. And that theory kind of proved
59:08
to be right. Where they got it wrong was that
59:12
that computer wasn't going to have a mouse, wasn't going to
59:17
have a keyboard. It wasn't until Steve Jobs made
59:21
that computer keyword human friendly.
59:26
Because the reality is that now it's a little bit different, but
59:31
the reality is at that point, not everyone was going to take
59:34
the time to learn how to use a computer.
59:39
Now everyone kind of does. But let me ask you something.
59:43
What computer do you use the most on a daily basis?
59:47
Is it the, is it your desktop? Is it your laptop?
59:50
Or is it this thing right here? Because make no mistake, this is
59:55
a computer, but this is a computer that is human friendly.
59:59
It's made for human beings. You can use your your your
1:00:02
thumbs. To text, to type, to pull up the
1:00:05
apps, to swipe. I would say they made them too
1:00:08
good because of how addicting they are, right?
1:00:13
This is I think what Square is trying to do.
1:00:15
They're trying to make Bitcoin human friendly because I think
1:00:20
Bitcoin right now is not human friendly.
1:00:24
It's it's incredibly complicated to the everyday person.
1:00:28
I would say it intimidates them. Like the idea of self custody,
1:00:33
the idea of integrating Bitcoin into your business is absolutely
1:00:37
terrifying. And that's what Square is set
1:00:40
out to try to fix. And the fact that they're
1:00:43
integrating this into, you know, into payments and wallet
1:00:52
solutions for local businesses are, is absolutely amazing.
1:00:57
It's fantastic because we, Opti and I, we tried to set up a
1:01:03
Bitcoin pay server for, for our stuff, right?
1:01:06
And we got a really smart, you know, finance guy to, to try to
1:01:11
do it. We all, we, we, we all failed
1:01:16
miserably. It was so complicated.
1:01:19
Within two hours. Like 2 years.
1:01:21
Ago, within like an hour or two, we were just like, dude, like
1:01:25
like why can't we do this? Like this is too much like we
1:01:27
can't do. And then we ended up using like,
1:01:30
what was it that we ended up? Using it was well I'm I'm
1:01:34
blinking ibex. OK.
1:01:36
And then, and then they left and then Ibex had to leave the US
1:01:39
because of the previous administration with Square
1:01:42
coming in and integrating this for businesses.
1:01:45
Now it all becomes as easy as just clicking a button and boom,
1:01:51
all of a sudden your business is able to be get paid in Bitcoin
1:01:57
and you're going to be able to sell in Bitcoin, you're going to
1:01:59
be able to save in Bitcoin. It's an absolute game changer
1:02:04
without you having to learn the technical complexities.
1:02:09
And I think this is something that Steve Jobs understood
1:02:12
extremely well, I would say on an intuitive basis when he
1:02:16
designed the iPhone that completely changed the world
1:02:19
because it put a computer in every single person's hand.
1:02:24
Anyways, so I do want to play a video from one of the one of the
1:02:32
Bitcoiners that I believe reposted this.
1:02:37
I do want to play that video here.
1:02:38
Let me pull it up. There we go and it says
1:02:42
connecting the ecosystem with Square has been the dream since
1:02:45
we launched Bitcoin in Cash App in 2018.
1:02:48
Starting today, all merchants can now seamlessly stack Bitcoin
1:02:52
behind the scenes from their daily sales.
1:02:55
Bitcoin payments acceptance will be live for everyone on November
1:02:59
10th. That means for us, bro boom.
1:03:02
So let's pay. Let's play this video and let's
1:03:06
check it out. We should also tell wine to
1:03:10
yeah. Get on.
1:03:15
Bitcoin can help diversify how you spend, save and invest in
1:03:18
your business, especially when every swipe of a credit card
1:03:21
eats away at your bottom line. Let's say you run a local
1:03:24
grocery chain. Most purchases are small, like a
1:03:27
bag of produce or a gallon of milk, so credit card fees start
1:03:30
to add up fast. Square you can now accept
1:03:34
Bitcoin with zero payment processing fees, no chargebacks,
1:03:37
and your instant access to funds.
1:03:40
And you choose how money settles into your account, whether in
1:03:42
USD or Bitcoin, instantly and right from your Square
1:03:46
dashboard. Whether you're aiming for short
1:03:48
term goals or planning for the long haul, you can automatically
1:03:51
convert a percentage of your daily card sales into Bitcoin.
1:03:54
No extra steps, no added complexity.
1:03:56
It's a smart, seamless way to build savings in the background,
1:04:00
all while keeping your day-to-day cash flow
1:04:01
predictable. And when tax time comes, you'll
1:04:04
get the paperwork you need right where you find your reports and
1:04:07
bank statements. Bitcoin is just another way for
1:04:10
you to take control of how your business makes and spends money.
1:04:14
Enable Bitcoin payments and conversions in your Square
1:04:16
dashboard. Head to square.com/bitcoin to
1:04:20
learn more. Boom, that is a massive deal.
1:04:25
Now you're going to see local businesses, small businesses,
1:04:27
potentially having Bitcoin treasuries and it's going to be
1:04:33
absolutely massive. What's going on here?
1:04:35
Happened there. Whoa, What happened there?
1:04:41
There we go. So yeah, I mean, that's that's
1:04:45
that's a that's a pretty big deal for Bitcoin adoption.
1:04:48
Big win. Shout out to Square.
1:04:51
And yeah, anyways, someone in the chat saying YouTube needs to
1:04:54
implement Bitcoin to be I know Rumble is about to to launch,
1:04:58
launch their wallet and you guys will be able to ZAP us.
1:05:01
If you're watching us on Noster, you can ZAP us already.
1:05:05
I think we got 21 sats today. Appreciate it.
1:05:09
So yeah, guys. Generational World.
1:05:13
Let me what do you think bro? This is a pretty big deal.
1:05:16
Yeah, well, as I've been saying for a while, I think it's super
1:05:21
impressive what Jack Dorsey's been doing lately.
1:05:23
I'm sure you guys actually, we played them on the show a couple
1:05:25
of times. He's been really beating the
1:05:28
drum on this idea that Bitcoin needs to be used as like a
1:05:31
peer-to-peer money and building the parallel economy.
1:05:34
And he's not just saying it, he's now implementing it in all
1:05:38
of his products and all of his businesses, which is, I think,
1:05:41
you know, the coolest aspect of this.
1:05:42
And I agree. I, again, I, I brought this up
1:05:45
the other day. I was watching the Ashton
1:05:47
Kutcher Jobs movie, Steve Jobs movie.
1:05:49
And when they did that one, you know, when they did their first
1:05:54
release of the Apple computer, they went to that computer parts
1:05:57
store and they just kind of gave like the computer, like build
1:06:01
your own kind of computer. And the guy was like, look, no
1:06:05
one wants to build a computer. They just want a, a computer
1:06:08
out-of-the-box ready to go. And again, as like a Bitcoin, it
1:06:13
always revolves back to Bitcoin. I was like, dude, that's exactly
1:06:15
where we are right now. I don't care how this computer
1:06:19
is built. I, I don't, I don't understand
1:06:21
how the computer works. I just want it to be able to do
1:06:24
everything else that I want it to do.
1:06:26
And then later on in the movie, it's like we're not selling
1:06:28
computers. It's like we're selling the
1:06:30
limitless opportunities that people can do with computers.
1:06:33
And that's like the real genius of what Steve Job did is kind of
1:06:37
marketing the computers for the creative stuff you want to do
1:06:41
with your life. And I kept thinking on Bitcoin
1:06:44
and this idea that we, we don't really need to sell Bitcoin to
1:06:48
people anymore. It's like no one really cares
1:06:50
about the tech. And I don't even think people
1:06:52
should really be focused on the tech.
1:06:54
I think only we work because, and I've said this for years
1:06:56
now, I think we only needed to understand the tech because it
1:07:00
was so new. But we're getting to the point
1:07:03
now where people just want to use it for better saving.
1:07:06
People just want to use it for better payments.
1:07:08
People just want to use it to live their lives.
1:07:10
And I think Jack Dorsey with what he's doing with Block, with
1:07:13
Square Cash Out, with Black Bit Key, with all the products he's
1:07:16
launching right now, he is putting his money where his
1:07:18
mouth is. He's like, look, I'm going to
1:07:20
allow my users to be able to receive Bitcoin because I think
1:07:25
the future of money is going to be Bitcoin.
1:07:27
I think Bitcoin is.