Latest / Simply Bitcoin / China's Secret $17T Bitcoin Backflip | EP 1128

Transcript

China's Secret $17T Bitcoin Backflip | EP 1128 · Simply Bitcoin

0:00
Yo China's three pronged response to Trump's Bitcoin plan
0:05
in the United States to to buy up to $1 million bitcoins for
0:10
the strategic reserve has gone completely unnoticed.
0:14
Today we're going to be exposing why you need to be paying
0:17
attention to the three things that just happened in the last
0:20
two weeks since China found out that Trump won his massive
0:25
victory in the United States and explain why this could be the
0:28
beginning of the Bitcoin nation state arms race to acquire as
0:33
much Bitcoin as humanly possible.
0:37
Anyways, I also do want to give a shout out to all of you guys.
0:40
Happy Thanksgiving from me and Opti and of course, the entire
0:45
simply Bitcoin. But anyways, no more delay.
0:48
Let's jump straight to the news. So what are those three things
0:52
that went unnoticed that Chad did after the victory of Donald
0:58
Trump in the 2024 election? So first, check this out.
1:04
SOSLTDA commodity trading firm saw its stock trade higher after
1:11
the firm announced its board of directors approved a $50 million
1:15
investment to Bitcoin at Wednesday's market close.
1:19
The stock trading under the ticker SOS was up 42% 4042%.
1:26
Bitcoins recently has hit historic highs, trading Lee at
1:29
approximately 93 K per coin. Market analysts predict that
1:33
cryptocurrency may pass surpass 100K by the end of the year.
1:38
Now here is the key. The latest move by China based
1:43
SOSLTD shows the firm is making a commitment to blockchain
1:48
technology and its long term confidence in Bitcoin as a store
1:53
of value and a strategic asset. Guys, pay attention.
1:59
A company that's based in China just announced that it's going
2:04
to make Bitcoin part of a strategic asset for the company.
2:10
And of course, the same thing that has been happening to
2:14
Sailor stock happened to this company.
2:16
Stock basically almost doubled in value.
2:20
Anyways, it goes on to say SOS investment plan show the firm is
2:24
moving with the bullet. This trend in the cryptocurrency
2:28
market fueled by growing institutional adoption and a
2:32
favorable US regulatory environment for digital assets
2:35
quote Bitcoin market performance is robust and supported by
2:40
positive developments such as the launch of several Bitcoin
2:44
related ETF options and ongoing improvements in the US
2:48
regulatory environment for digital assets quote.
2:51
We believe this investment plan will further enhance the
2:55
company's overall competitiveness and
2:57
profitability in the digital asset investment sector.
3:02
And it goes on to talk, of course, Japanese investment firm
3:07
Metaplanet. So this is what we were talking
3:09
about yesterday about how this is, this is a worldwide
3:13
phenomenon. You have companies in Japan, you
3:16
have companies in China. You have small Asian countries
3:20
like Bhutan. You have countries in Europe
3:22
like Poland, You have countries in the Middle East like the
3:25
United Arab Emirates. You have countries in Africa
3:28
like Ethiopia. You have countries in Central
3:30
America like El Salvador, You have countries in South America
3:33
like Brazil. This is a worldwide phenomenon.
3:37
So that is the first thing. The second thing is crypto is a
3:42
headline from crypto slate. Crypto currency clarified to be
3:46
personal property in China remains barred for businesses.
3:50
Does it does it remain barred? It remains barred for some
3:54
businesses and and this kind of reminds me of the article by
3:57
Alex Gladstein, right that Bitcoin is a Trojan horse for
4:00
freedom. Problem is that, you know,
4:02
totalitarian governments are going to want to benefit from
4:05
number go up technology, but they naively think they're going
4:08
to be able to disconnect that from FGU technology, which is
4:12
freedom go up technology. What they what they fail to
4:16
realize is that they're inextricably linked.
4:19
You cannot disconnect the two anyways, it goes on to say a
4:23
recent ruling by Shanghai Chongjiang People's Court has
4:29
clarified that owning cryptocurrencies is not illegal
4:32
in China. The November 18th judgment
4:35
established the digital assets have quote property attributes
4:39
under China law. However, their use is strictly
4:43
limited to personal ownership and as commodities, not as legal
4:48
tender or investment tools. Judge Sonji delivered the clear
4:53
this clarification while handling a case involving two
4:57
companies disputing an initial coin offering, an activity
5:01
deemed illegal in China. Judge Sun explained that Chinese
5:05
law does not explicitly prohibit holding crypto currencies.
5:10
However, regulatory provisions from the bank's from the
5:14
People's Bank of China, China Central Bank and other
5:17
authorities strictly control crypto related business
5:21
activities. She noted that virtual
5:24
currencies lack the legal status of official tender but hold
5:28
property value as virtual commodities.
5:31
The judge furthered that individuals can legally possess
5:34
crypto currencies, but businesses face significant
5:37
restrictions. That is the key.
5:40
That is the key ladies and gentlemen.
5:44
And again, this is not a coincidence that this has
5:47
happened the literally 2 weeks after Trump had his massive
5:55
victory in the November 5th election.
5:58
And again, that is extremely positive for the Bitcoin
6:02
industry in the United States and any countries around the
6:07
world that see the United States as their competitors like Russia
6:11
and China, clearly. Do you think it's a coincidence?
6:14
Do you think it's a coincidence that Russia just happened to
6:18
walk back, you know, their bans on Bitcoin mining?
6:23
Do you think it's a coincidence that Morocco unbanned Bitcoin?
6:26
Do you think that now China is saying, you know what, it's
6:29
still kind of restricted on the business level, but on the
6:32
individual level, individuals could hold it.
6:34
It's not legal tender, but they can hold it as, as, as, as a
6:38
commodity. They could hold it as property.
6:40
Do you think that's a coincidence, ladies and
6:41
gentlemen? No, this is Bitcoins incentives
6:45
ruling the day. This is what we've been talking
6:47
about for the last couple of years.
6:51
This is why we've been saying that Bitcoin will inevitably win
6:54
because it has superior incentives.
6:59
So what is the third thing that China has done?
7:02
Now? Let's talk about Hong Kong.
7:04
Hong Kong is supposed to be, you know, it is a British colony and
7:09
then they handed it back to China and it's supposed to be 1
7:14
country, 2 systems. So Hong Kong is supposed to be,
7:19
you know, on paper to have a more a separate government, a
7:24
more free market orientated government.
7:26
Now there has been a clamp down over the last couple of years or
7:30
so. They've really clamped down the
7:33
CCP, the the government that rules over mainland China and
7:37
Hong Kong. They have had a clamp down on
7:39
freedom of speech, but they've been using kind of Hong Kong as
7:43
this isolated test bed to get all the benefits of Bitcoin and
7:49
crypto while the mainland continues to be more isolated
7:54
from the industry. But check out this latest news
7:58
and make no mistake, and we've read you the Bloomberg article
8:01
that has confirmed this. Hong Kong, whether it's a Hong
8:06
Kong bank or Hong Kong business, cannot do any of this without
8:12
the express approval of Beijing, which of course is the capital
8:16
of mainland China. Anyways, it continues to say
8:20
Hong Kong's largest digital bank launches retail crypto trading.
8:24
It goes on to say Hong Kong's largest virtual bank, ZA Bank,
8:29
launched a new service allowing retail users to buy and sell
8:34
Bitcoin and Ethereum directly using Fiat.
8:37
According to a November 25th statement from the bank, Hong
8:41
Kong residents need an account with the bank and must undergo a
8:46
risk assessment before using the new crypto service linked with
8:50
the bank's app. Users could buy Ether and
8:53
Bitcoin through ZA Bank. No other cryptocurrencies are
8:59
mentioned. The last thing that I'll say is
9:02
Hong Kong initiates crypto tax exemption plans for hedge funds,
9:07
private equity funds, and billionaires.
9:10
And I can't emphasize this enough.
9:12
Hong Kong would not be able to do this without permission from
9:17
Beijing. So, dude, this is crazy.
9:22
This is a 100. This is a 180 compared to where
9:28
China was standing in regard to Bitcoin.
9:32
And does it surprise me? No, because they see the orange
9:36
man. They see Donald Trump going into
9:39
office, you know, saying a strategic reserve, saying make
9:43
you make you rich with Bitcoin, saying go have fun with your
9:46
Bitcoin. And they're seeing that.
9:48
And of course, they see the United States as an economic
9:52
adversary. And they're saying, you know
9:54
what, if we don't get on this Bitcoin train, we risk getting
9:58
left behind. And this is exactly why
10:02
Gladstein wrote that article about Bitcoin being a Trojan
10:07
horse for freedom. So Bitcoin stays winning.
10:11
You know what, Opti? We've been getting
10:13
metaphorically beat up for the last, you know, really two and a
10:17
half, 3 1/2 years and all of a sudden, you know, this election
10:22
we got the Trump pump and of course this very positive
10:25
regulatory environment. And that's essentially scaring
10:29
all these countries around the world, no matter how
10:31
totalitarian they are into saying, you know what, we're
10:34
going to have to probably chant change our stance on Bitcoin,
10:38
right? So again, all these unbannings,
10:41
all these mentions of Bitcoin making a strategic reserve is
10:45
not a coincidence. This is a reaction to Trump
10:49
winning the election, and they're trying to get ahead.
10:52
And that includes one of the most totalitarian, economically
10:56
powerful countries on the face of the planet, China, as well.
11:01
Anyways, Opti, what's your take on this brother?
11:04
Yeah, well, obviously we've been seeing the grumblings coming out
11:07
of China in regards to them kind of flipping their stance on
11:11
Bitcoin. And obviously I would say this
11:15
is a good thing. And it's happening because of
11:17
what Trump was saying about Bitcoin and this incoming
11:20
administration in the US essentially saying that they're
11:23
going to embrace Bitcoin. And I think people underestimate
11:27
how big of a news story this actually is considering China's
11:30
banned. I I just like ChatGPT.
11:31
Did they banned it, You know, Bitcoin 19 times in the last 13
11:34
years. So historically now it's always
11:38
been kind of a meme like China bans Bitcoin and no one really
11:41
cares. It's like, of course they're
11:42
going to ban Bitcoin. But now it seems like they are
11:45
flipping the script. And I think that last news story
11:47
about Hong Kong eliminating capital gains tax, obviously
11:51
right now for hedge funds and small family offices, you know,
11:54
it's I, I wouldn't say it's exactly what we want here, but
11:57
it is very interesting that they're using Hong Kong kind of
12:00
as a proxy. Remember, they also did the
12:03
Bitcoin spot ETF launch some point this year.
12:06
And so, you know that obviously people in China want to have
12:09
Bitcoin. I forget who it was.
12:11
And I keep bringing this up every time we talk about China.
12:13
So we had someone come on the show and we interviewed him, and
12:17
he was talking about the idea that the Chinese citizens
12:20
understand Bitcoin and they don't talk.
12:23
This is, I think, verbatim what he says, like they don't talk
12:25
about what they hide under their mattress.
12:28
And, and now you're seeing that the tide is shifting, the
12:31
narrative is shifting. And it kind of goes back to what
12:33
we've been saying all year that ever since kind of Larry Fink
12:37
came out and also Trump now and politics has landed on our front
12:40
door. It's it's a fiduciary
12:42
responsibility for everyone out there to embrace Bitcoin and and
12:46
hey, you know, as a meme also goes, Bitcoin is for enemies.
12:49
And so, you know, say what you want about China, but they are
12:51
in self preservation mode and they understand that, hey, if
12:54
the US starts to embrace Bitcoin, then maybe it's time
12:58
that we no longer try to ban Bitcoin and we also start to
13:01
embrace it. And this is the global game
13:03
theory playing out. Like this is the global hash war
13:05
playing out. And it really is, you know, I
13:08
said it yesterday in regards to am I surprised?
13:11
No, what is kind of surprising is the gradually then suddenly
13:15
meme. Like it seems it's like it's all
13:16
happening so fast. And I don't think that that is a
13:19
coincidence. It's obviously once someone huge
13:22
comes out and starts embracing Bitcoin, everyone else has to
13:25
kind of at the very least take it seriously.
13:28
And now we're seeing that that's happening.
13:30
So love or hate Donald Trump, I think he's kind of kicked the
13:34
ball and drop the dominoes and now everyone has to take Bitcoin
13:38
seriously, whether he understands Bitcoin or not,
13:40
whether he's doing the shit corner stuff.
13:42
Yes, he is kind of a shit corner right now, but he's fun
13:46
mentally. Kick started the the wildfire
13:48
right now and people are starting to embrace Bitcoin.
13:51
And I said it a couple times throughout the year that 2024 or
13:55
rather couple times the last couple of months, 2024 really
13:58
feels like the the foundational year where we've got a lot of
14:02
bricks being laid so that we can actually have an explosive 2025
14:06
bull run. And then moving forward, it's
14:08
becoming very obvious that in a digital world, you might want to
14:12
embrace digital money because it cannot be stopped.
14:15
As Lynn London's been saying, nothing's going to stop this
14:17
train. And now it looks like China's
14:20
bending the knee, obviously slowly at 1st, and using their
14:23
proxies, but it seems like they're coming around.
14:26
And as the saying goes, you can't ban Bitcoin, You can only
14:28
ban yourself from Bitcoin. So it's going to be very
14:31
interesting how fast the Domino's fall and everyone else
14:34
in the world starts to embrace Bitcoin.
14:37
Absolutely 100%. All right ladies and gentlemen,
14:39
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At the time of recording, the Bitcoin price is $94,890.00
19:04
block height 872,363 stats per dollar 1054 market cap, 1.88
19:12
trillion Bitcoin price and gold 94.9 oz Bitcoin versus gold
19:17
market cap 7.23% percentage issued 94.23% decline from all
19:24
time high -4.8% Realized monetary inflation.
19:28
Continuing to take Fiat currencies to absolute school.
19:32
I think when me and Opti started covering this it was above 2%.
19:35
Holy cow. 1.19% anyways, Joe Rogan, absolute legend.
19:42
This is the future of media, ladies and gentlemen, podcasting
19:47
independent media. We have the ability to tell the
19:51
truth. It's amazing.
19:53
Here's Marc Andreessen. Marc Andreessen, the very, very
19:56
successful guy, believe he's AVC and he confirmed that Operation
20:01
Choke .2 Point O is real. And that people were being
20:07
debanked without any due process.
20:10
And this is the same people that want you to trust them with an
20:15
effing CBDC. Are you crazy?
20:18
Are you nuts? Never in a million years.
20:21
Anyways, let's check it out. This started.
20:23
Oh sorry you guys, I have the better version 123. 18 years ago
20:29
with this thing called Operation Truck Point, where they decided
20:31
to, as marijuana started to become legal, as prostitution
20:35
started to become legal, and then guns, which there's always
20:38
a fight about under the Obama administration, they started to
20:41
debank legal marijuana businesses, escort businesses,
20:45
and then and then and then gun shops just like your gun
20:48
manufacturers. And just like you're done,
20:49
you're out of the banking system.
20:51
And so if you're running a medical marijuana dispensary in
20:53
2012, like you, guess what? You're doing your business all
20:56
in cash because you literally can't get a bank account, you
20:59
can't get a Visa terminal, you can't process transactions, you
21:02
can't do payroll, you can't do direct deposit, you can't get
21:04
insurance. Like none of that stuff is if
21:06
you've been sanctioned, right? None of that stuff is available.
21:08
And then this administration extended that concept to apply
21:11
it to tech founders, crypto founders, and then just
21:14
generally political opponents. Yeah.
21:17
So that's, that's been like super pernicious.
21:19
I wasn't aware. Of that, oh, 100% and it's
21:21
called, so it's Operation Short .1 Point O was 15 years ago
21:25
against the pot and the guns. 2.2 Point O is primarily against
21:29
their political enemies and then to their disfavored tech
21:31
startups. And it's hit the tech world like
21:34
we've heart. We've had like 30 founders
21:35
debanked in the last four years. Yeah, yeah, yeah, yeah.
21:38
It's been, it's been a big recurring pattern.
21:40
This is one of the reasons why we ended up supporting Trump.
21:43
It's like we just can't, we can't live in this world.
21:45
We can't live in a world where somebody starts a company that's
21:47
a completely legal thing and then they literally like get
21:50
sanctioned, right, and embargoed by the United States government
21:53
through a completely unaccountable no, by the way, no
21:56
due process. None of this is written down.
21:58
There's no rules. There's no court.
22:01
There's no decision process. There's no appeal.
22:05
Who do you appeal to, right? Like who do you go to to get
22:07
your bank account back? Absolutely bonkers.
22:13
And again, government is like CDC's man, you could trust.
22:18
You could trust us with that, you know, we're, we're well, you
22:21
could try. We're not going to do that
22:23
again. How could we?
22:24
You can trust us. We're good people.
22:27
We're going to get, you know, these people to make TikTok
22:31
videos. We're going to get Jerome Powell
22:33
to not wear a tie when he makes his Tik Toks to make it seem
22:36
like he's more relatable to you. We're never going to weaponize
22:40
this money against you. It's not like we've done it in
22:43
the past. Like man, that it's it's so
22:46
crazy. And he confirmed operation choke
22:49
.2 point O is real and that was just against.
22:54
I didn't even have any idea that it was happening to to tech
22:58
companies. I thought it was just in
23:00
relation to the Bitcoin industry, but how crazy is that?
23:04
the US government was essentially picking and choosing
23:08
who could use a bank account and who could not use a bank
23:12
account. If there is, you couldn't make a
23:16
better advertisement for Bitcoin if you tried, right?
23:21
So anyways, Opti, someone actually has an interesting
23:26
comment in the chat operation. Operation 3 point O is the
23:29
Bitcoin ETF. Anyways, Optia, what's your
23:34
what's your take on all this, brother?
23:35
Yeah, Well, my first reaction is just Joe Rogan's reaction is
23:40
hilarious. Obviously to us, we've been
23:42
covering this all year, so this isn't really news to us, but it
23:45
is very interesting to get more confirmation of what we've been
23:49
seeing happen in the Bitcoin space.
23:51
And you know, coming from Marc Andreessen, yes, he is AVC, you
23:55
know, shit coin kind of founder with A16Z funds, a lot of shit
23:58
coin company. So we're not going to hold that
24:00
against him too hard here today. But the point remains the same.
24:04
We have been seeing this play out all of this year.
24:07
And Nico and I have been saying this basically ever since this
24:11
news story kind of broke that these were politically
24:14
motivated, that they were actively attacking the Bitcoin
24:16
industry. And now it's coming out and it's
24:19
going on, you know, what we would call the mainstream
24:21
consciousness, which is, you know, Joe Rogan's audience, and
24:23
it is hilarious is just seeing Joe being like, wow, 30 tech
24:27
startups, like no way. And he's just like, it's just
24:30
brand new news to him, right? But we've been covering this all
24:34
year long and we've been laying, you know, the the bread crumbs
24:38
here exposing what's going on. And now again, it's starting to
24:42
become part of the public conversation.
24:45
And I really loved how Mark kind of laid it out that this isn't
24:48
just, you know, to stop, quote UN quote, bad people from doing
24:52
bad things. These are politically motivated
24:55
and we've been covering this all year.
24:56
Remember, you know, we gave Gary Gensler a lot of shit throughout
24:59
the year because of him slow walking the Bitcoin ETF.
25:03
And now we have more and more evidence in regards to Operation
25:08
Choke Point and 2.0. And if you watch that whole
25:11
clip, I haven't seen the whole Joe Rogan interview yet, but
25:13
there was another good clip kind of coming out in regards to
25:17
Elizabeth Warren and this office that she's control of in control
25:21
or head of and just totally, you know, you know, like rogue
25:25
considering or a rogue to the law and she's basically just
25:30
attacking people. And this is the status quo.
25:32
And a lot of people are starting to wake up that this is how the
25:35
game is played is essentially, you know, the federal government
25:38
uses these private, you know, organizations as proxies to take
25:42
out people that they don't want to compete with.
25:44
And obviously we we're here free market Max yeah, free market
25:48
maximalist, you know, free market capitalist here.
25:51
And we've been exposing this throughout the whole year that
25:54
the government actively attacks industries and companies and
25:58
startups that they don't want to see succeed.
26:01
And now we have more evidence of it and it just keeps coming out.
26:04
And I hopefully will see, well, we'll hopefully see at least in
26:08
2025 that that is not the case. And we get a little more run
26:12
room so that Bitcoin and the Bitcoin industry and Bitcoin
26:15
companies not only can back to the states, but also, you know,
26:20
for lack of better terms, just be treated equally as every
26:23
other company. It's not like we're doing
26:24
anything bad here. All we're doing is trying to
26:26
usher in a better money and help people survive and help people
26:30
protect their wealth. And the fact that the government
26:32
is fighting this one on the one hand is very obvious. the US and
26:37
the administrative state just putting it nicely, are very
26:41
concerned about losing their world world reserve currency
26:44
status. And so obviously they're going
26:46
to attack the Cumbits, which is Bitcoin and Bitcoin companies.
26:50
And we've been covering this throughout the whole year.
26:52
So am I surprised? No, not at all.
26:55
We've been, we've been seeing this play out.
26:57
But it is kind of funny seeing Joe Rogan's reaction to this,
26:59
like it's brand new to him, which should just go to show
27:03
that Joe needs to become a full blown bitcoiner because every
27:06
time he hears things kind of adjacent to Bitcoin, it always
27:10
blows his mind. Now I know he is kind of a
27:12
bitcoiner. I'm I'm pretty sure he's still
27:14
kind of holding a small portion of Bitcoin, but I think I think
27:17
at a certain point he's going to have to go full in and really,
27:21
really start to get not only more bit corners on the show.
27:24
It's been a long time since he's got like, you know, Andres
27:26
Antonopoulos on the show. And I think that that is the
27:30
conversation that needs to be happening.
27:31
If you are a freedom maxi, if you believe in self sovereignty,
27:36
then what are you doing not talking about Bitcoin?
27:38
We've seen this play out and you know, Nico, we haven't said it
27:41
today, but we say it all the time.
27:43
Like if the people in power won't let you speak freely, what
27:47
makes you think they're going to let you transact freely?
27:49
And now we have further evidence throughout this year that
27:53
they're not even doing that, that they're actively attacking
27:56
people that are trying to transact freely.
27:58
We've been covering the platforming all year long.
28:01
And hey, vindicated once again here on Simply Bitcoin.
28:05
What's the meme that we kind of started this year?
28:07
Your Bitcoin, tomorrow's Bitcoin news today, you know, stealing,
28:10
stealing the classic meme. Well, hey guys, maybe maybe
28:14
we're not just 6065 IQ journalists over here.
28:18
Maybe we might know some things and you know, changing your
28:21
Bitcoin operating system lets you predict what's going to
28:24
happen down the pipeline. I don't know.
28:26
I'm just, you know, speculating here.
28:29
Yeah, shout out to the almost 1800 of you guys watching live.
28:35
If you guys are enjoying the show, 1 of the things that you
28:38
can do to help this show get pushed harder in the algorithms
28:43
is smash that like button. We broke 300 likes within the
28:48
first hour of yesterday's show. Help us break 200 likes at least
28:54
right now we are at 121. So if you guys are enjoying the
28:58
show so far, the Thanksgiving special smash that like button
29:03
guys, we still have a load of content left for you guys.
29:08
We're going to talk about the Bitcoin adoption race among
29:11
corporations. That's right.
29:13
It's not only happening on a nation state health level, it's
29:17
happening on an individual level.
29:20
It's happening on on a corporate level, it's happening on every
29:25
single level. Bitcoin is an E black hole that
29:28
is going to suck up every single asset because it is the superior
29:35
asset. All right everybody, let's get
29:37
to the news. We have tons to talk about.
29:39
Let's check it out. Here we go.
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All right, everybody, let's talk about let's talk about this the
32:23
Bitcoin adoption race among corporations.
32:28
So we've all been, you know, we've been talking about this,
32:32
you know, we've been seeing it. Michael Saylor has been leading
32:36
the charge. He is completely vindicated and
32:41
he's he's winning. He's winning hardcore and other
32:44
companies are noticing what the Chad sailor is doing.
32:50
And you know, you see Microsoft like, Oh my God, like, should we
32:55
do this? You know, like it's, it's
32:58
inevitable. This is Bitcoin's incentives.
33:00
Like you don't get some Bitcoin, you're at a competitive
33:03
disadvantage to people or individuals or countries that do
33:08
have Bitcoin. It comes down to that.
33:10
It's very simple. So the headline is the Bitcoin
33:13
adoption race among corporations.
33:16
The TLDR corporate investment in Bitcoin is spreading.
33:20
Corporate investment strategies are gaining momentum following
33:23
the SE CS approval of Bitcoin Spot ETF.
33:27
This trend is now extending beyond Western markets to
33:31
include Asian regions. Why are corporations investing
33:35
in Bitcoin? Bitcoin presents an appealing
33:37
option for diversifying financial assets, improving fund
33:42
management efficiency, and enhancing corporate value.
33:46
Asian participation and prospects.
33:48
Asian companies are still in the early stages of Bitcoin
33:52
investment, however, success stories like Metaplanet
33:56
demonstrate the potential for market explanation expansion.
34:00
The lack of regulatory clarity and institutional infrastructure
34:03
remains a significant challenge. So goes on to say why did all
34:10
this happen? Well, we had the introduction of
34:13
the first spot Bitcoin ETF earlier on in the year, the same
34:18
day that Hal Finney famously tweeted many, many years ago, I
34:25
think back it was in 2009, he tweeted running Bitcoin.
34:29
That was the same day that the Bitcoin ETF was approved.
34:33
Goes on to say number two companies are actively investing
34:36
in Bitcoin. Interest in Bitcoin is growing
34:40
as it's value gains recognition at the nation level.
34:43
At the national level, countries are also discussing Bitcoin
34:47
investment. For example, El Salvador is
34:50
actively purchasing Bitcoin. In the US, discussions focus on
34:54
president-elect Trump's plan to stockpile Bitcoin.
34:58
Poland and Suriname are also moving to make Bitcoin a
35:01
strategic asset. However, in most countries,
35:05
Bitcoin investment remains a campaign promise.
35:08
It will take time before these promises are implemented. the US
35:12
has not yet invested in Bitcoin but holds it to recover criminal
35:17
proceeds. Additionally, central banks
35:20
continue to favor gold over Bitcoin due to its volatility. 3
35:25
Three Reasons Why Corporations are Looking into Bitcoin Number
35:29
one, companies have traditionally structured their
35:32
financial assets around stable options such as cash and
35:35
government bonds. These assets ensure liquidity
35:38
and help manage risk. However, they offer low yields
35:41
that may not keep place with inflation.
35:44
As a result, companies may face a loss, a real loss of value.
35:49
As you can see, Bitcoin has outperformed the S&P, the
35:52
NASDAQ, and Gold since MicroStrategy adopted a Bitcoin
35:57
strategy. August 10th of 2020 #2.
36:01
Another reason businesses are attracted to Bitcoin is its
36:04
efficiency as a financial asset. Bitcoin trades 24/7, offering
36:10
businesses flexibility in managing their financial assets
36:14
#3 Corporate value increase. Holding Bitcoin is not just a
36:19
financial decision, it could also enhance corporate value and
36:24
stock prices. For example, MicroStrategy and
36:27
Metaplanet announced Bitcoin purchases, which led to
36:31
significant increases in their stock price.
36:36
This strategy acts as both a marketing tool within the
36:39
digital asset industry and a way to capitalize on the sector's
36:43
growth #4 Asian companies increasingly investing in
36:49
Bitcoin. Asian companies are in the early
36:51
stages of Bitcoin investment but are gradually increasing their
36:55
holding. Companies like Maitu in China,
36:59
Metaplanet in Japan and Broker Group Broker Group in Thailand
37:05
have adopted Bitcoin as a strategic reserve asset.
37:09
Nexion has also made significant Bitcoin purchases.
37:13
Metaplanet has been especially active, acquiring 1142 bitcoins
37:19
over the past six months. So, closing thoughts Bitcoin
37:25
investment is becoming a popular financial strategy for
37:29
companies. However, Bitcoins volatility
37:31
remains a concern, especially due to external factors like
37:35
international politics. The market crash in 2022
37:39
highlighted the risk for companies holding Bitcoin.
37:42
Businesses should adapt a cautious approach by balancing
37:45
Bitcoin with safer assets. Additionally, a clear
37:50
institutional framework is essential for Bitcoins growth in
37:54
corporate portfolios. The lack of clear guidelines on
37:57
holding and accounting for crypto assets causes confusion.
38:00
Once these uncertainties are resolved, Bitcoin could play a
38:04
larger role in corporate portfolio diversification.
38:09
I think, ladies and gentlemen, the closing thoughts are just an
38:15
opportunity for you because if all the regulatory uncertainty
38:20
was gone, if Microsoft already bought Bitcoin, if Google
38:24
already bought Bitcoin, the number is going to be a whole
38:27
lot higher than it is today. And that means less upside for
38:33
you. Here is Michael Saylor, the Chad
38:36
Saylor. He tweeted this out November
38:38
27th. So yesterday he said MSTR, which
38:42
is Microstrategy's ticker on the NASDAQ is a credit default swap
38:47
on 100 trillion in 20th century assets.
38:51
Mike effing drop from the Chad Sailor himself.
38:57
Anyways guys we're about to break 2000 live viewers on the
39:02
show. If you guys are enjoying the
39:04
show help us break 200 live 200 likes while while the show is
39:10
live, we're currently at 164 likes right now.
39:14
Anyways, Opti, what are your thoughts on this brother?
39:18
Yeah, Well, obviously as a Bitcoiner, someone that
39:22
understands Bitcoin even kind of vaguely, you know, a money that
39:25
isn't controlled by anyone, it's no surprise that we're seeing
39:29
the global adoption of Bitcoin happening in every corner of the
39:33
world. And again, it kind of goes back
39:35
to what I just said a couple minutes ago, where it's like, if
39:37
you don't adopt the newest technology, you're going to be
39:40
left in the dust. And so I think this is just the
39:43
very beginning of this happening and it's only a matter of time
39:46
until every huge company and rather every company in the
39:50
world starts to embrace Bitcoin, adopt Bitcoin as a corporate
39:54
treasury reserve asset. I mean, now we're hearing, I saw
39:57
on Twitter rumors of apparently Amazon's thinking about buying
40:00
some Bitcoin by the end of 2024. I couldn't, I couldn't verify
40:04
this. But I'm also hearing some rumors
40:07
from a couple other Bitcoiners that are talking with people
40:09
that work in big banks, and the The Signal's the same, that
40:14
they're all thinking about how do I get Bitcoin on my company.
40:18
Company treasury and they move very slowly there's a lot of you
40:22
know obstacles in the way for them to start to embrace
40:25
Bitcoin, but you're seeing that it's already happening and so
40:28
it's all it's you know there's going to be a delay from when
40:31
big companies want to adopt Bitcoin as a corporate treasury
40:35
asset and when it actually plays out but we know that these
40:39
conversations are happening and some of the quicker adopters are
40:42
seeing their stock perform better because they're embracing
40:45
Bitcoin. You know, what's the sailor
40:47
mean? Like they're buying the future
40:49
and selling the past. And this is where we are right
40:51
now that if you are embracing Bitcoin, you are embracing the
40:54
future. You're embracing, you know,
40:57
technology, you're embracing the fact that you think the world
41:00
will be better. And this is one of the things
41:03
that I think a lot of bitcoiners kind of miss is like buying
41:06
Bitcoin. Saving in Bitcoin is kind of a
41:09
boat for an optimistic future versus the Fiat world that we
41:12
constantly talk about is kind of just like throwing in the towel
41:18
and accepting the fact that things aren't ever going to be
41:20
better that you're going to get broker and the more forward
41:24
thinking companies right now are adopting Bitcoin and we, we saw
41:27
what it did for MicroStrategy. I, you know, I've, I've
41:30
trollingly said that even though MicroStrategy is killing it
41:33
right now, they're, they're, they're absolutely destroying
41:36
it. Sailors putting on a master
41:37
class. But before they adopted Bitcoin,
41:40
it did almost seem like MicroStrategy was a zombie
41:42
company. If you're just looking at its
41:44
stock. And now you're seeing that
41:46
MicroStrategy strategy is becoming, it's probably in real
41:49
time becoming the most valuable company in the world right now.
41:53
It's obviously outperforming everyone right now on the stock
41:56
market. Sailor keeps buying more Bitcoin
41:59
and that's all because of the rocket fuel Bitcoin.
42:02
And so of course, other companies are looking at that
42:04
and they're like, yo, I want this from for my company, for my
42:06
shareholders. Their fiduciary responsibility
42:09
is to increase shareholder value.
42:11
Well, if you're not embracing Bitcoin, you're not increasing
42:15
shareholder value. Bitcoin is going to go up.
42:18
It's only going to increase in value.
42:20
I mean, I think the numbers we've seen coming out recently
42:23
is like estimate 300 million people are in Bitcoin.
42:28
I don't know about you, but hey, there's still 8 billion people
42:31
left on planet Earth. And so that's a lot of adoption
42:34
coming. Is Bitcoin ready for all that?
42:36
I don't know. But it does seem like this next
42:39
year, the price is going to go crazy and that is obviously
42:42
going to cause a FOMO race. And once these big corporations
42:46
announce it, I mean, Sailor tweeted yesterday, he's like,
42:48
Microsoft is on the verge of adopting Bitcoin.
42:50
So like it's happening. These huge companies are
42:53
embracing Bitcoin. They're having these
42:54
conversations. Yes, right now some of the
42:57
companies are, you know, lesser known companies, But it's only a
43:00
matter of time until like, you know, the Amazons, Googles,
43:03
Microsofts of the world, Apple start to embrace Bitcoin.
43:06
And and let's not forget, you know, Apple or NVIDIA like their
43:10
stocks right now. I think Apple might be roughly,
43:13
excuse me, I think Apple right now is market cap might be
43:17
roughly around where the Bitcoin market cap is right now.
43:20
And if you understand Bitcoin, you understand that Bitcoin is
43:24
bigger than any one country. Bitcoin is bigger than any one
43:26
corporation and and you want to tap into that network effect and
43:30
Bitcoin is changing the world And hey, we're we're here for
43:34
the ride. Like we're along for the number
43:36
go up and hopefully soon enough more people start to take
43:39
Bitcoin into custody and we live in a better future.
43:41
You know, there was a good clip of of Kaiser the other yesterday
43:45
on that Brunel basically saying the same thing.
43:47
It's like maybe we're all still early to Bitcoin because
43:51
probably maybe an hour, lifetimes like the end of our
43:53
lives, we'll see the real effects of what Bitcoin will do
43:57
for the world. But I think every single one of
43:59
us are still early to Bitcoin. Yes, the price is starting to
44:02
get into six figures, but the impact of Bitcoin worldwide I
44:05
don't think has been felt yet and we probably won't be feeling
44:08
it for another 5 to 10 years. 100 percent, 100%.
44:12
All right, everybody, before we move on to the culture segment,
44:15
I have a quick update for you guys.
44:17
I'm not going to be offering commentary.
44:20
I did work at his company. I still have friends that work
44:23
at the company, but some big news that I saw making kind of
44:28
making the rounds on Twitter. So I'm just going to kind of
44:30
read the two announcements by Fortress and the one by Swan and
44:36
I'll leave it at that. So as communicated in previous
44:40
emails, Swan is moving at moving all Fortress Trust accounts to
44:44
new service providers by the end of 2024.
44:46
On or around November 2020, second Fortress changed Swan
44:51
personal and entity accounts charged.
44:54
OK, let me say that again. On or around November 22nd,
44:58
Fortress charged Swan personal and entity accounts and admin
45:03
fee for exiting to new platforms.
45:07
The fee ranged from zero to 100 and $25 per account deducted in
45:12
USD or Bitcoin depending on account balances.
45:16
SWAN does not control this fee and does not support Fortress
45:20
Trust decision to impose it. SWAN is actively disputing this
45:24
admin fee as we believe it is not in compliance with your
45:29
terms of with your terms of Service agreements with
45:33
Fortress. In the meantime, SWAN has your
45:36
SWAN is offering to basically cover the fees up to $125.00 to
45:45
kind of make up for this admin fee by Fortress.
45:50
Fortress did respond and said Fortress recently made the
45:54
decision to step away from providing custodial and
45:57
infrastructure services to SWAN at this time.
46:01
We are aware of recent communications shared by SWAN
46:04
and want to take this opportunity to reassure account
46:07
holders that Fortress is fully committed to ensuring a seamless
46:11
transition to successor custodians.
46:14
Fortress is taking steps within its power to make the mitigation
46:18
to successor custodians as seamless as possible and is
46:21
dedicated to delivering the best possible experience to its
46:25
clients. Our team will continue to
46:27
communicate with clients of what to expect in regards to the
46:31
transition to those successor custodians.
46:34
Fortress continues to build for the future and is excited about
46:37
the opportunities ahead in 2025. So anyways, that's the quick
46:41
update. I know, I know a lot of people
46:43
were talking about that on Twitter, and I'll let you guys
46:46
make up your mind on it on your own.
46:49
All right, everybody, let's hit the culture segment.
46:52
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All right everybody, I do want to give a very special shout out
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49:51
Opti, it is Turkey day, man. What are we going to talk about?
49:55
What's the culture on? Yeah, it is Turkey Day and I
49:59
promised one of my friends that I would do a public service
50:02
announcement here and here. Let me full screen myself first.
50:06
And since it is Turkey day and you're going to be hanging out
50:08
with your friends and family, first of all, I would urge you
50:13
not to go on the Bitcoin rants on your family.
50:15
You know, like enjoy your family.
50:17
But if you do do that, I don't know, here's a little public
50:21
service announcement, maybe some talking points that you could
50:23
talk with them about. And so shouts out to my boy
50:26
Zach, AKA at under score base under score money and he just
50:29
goes public service amount announcement.
50:31
One, the money in your bank is a not yours, and B is not money.
50:36
Two, the Federal Reserve is not federal, it's private and B has
50:40
no reserves. It is counterfeit. 3 Gold is
50:44
sensorable, not divisible, confiscatable, not verifiable
50:48
permission, not transportable, not fixed in supply, not
50:51
extensible, and again, is not backed by the US dollar for the
50:56
stock market is flat since 1971, adjusted for inflation. 5
51:01
Inflation is the increase in Fiat units.
51:03
It's the expansion of the money supply B not the increase in
51:07
prices. See Fiat is fake counterfeit
51:09
money and ignore the people that don't get it and they could have
51:13
fun staying poor. And six WTF happened in 1971?
51:18
Maybe go check out the website wtfhappenedin1971.com.
51:22
Godspeed, mate. When you're with your friends
51:24
and family, I think it's hard for us not to go on these
51:28
Bitcoin rants, but it's good to have your facts, right?
51:31
It's good to kind of meet your your normie family and friends
51:36
where they are. And I think, you know, Zach did
51:38
a good job of kind of picking where people are coming from,
51:42
kind of exposing people to what we talk about here all the time.
51:45
One of the things Nico and I kind of figured out pretty early
51:48
in regards to simply Bitcoin is so many people just tune out
51:52
economics in general. They think it's very boring.
51:55
They don't really realize the connection it has with their
51:57
lives. You know, you can do kind of the
51:59
same thing or in reverse of what the Biden administration has
52:03
been doing in regards to inflation with this whole like
52:05
Turkey dinner has gotten cheaper over the last couple of years.
52:08
Well, you know, you can expose them to the fact that, hey,
52:11
maybe Turkey dinner has gotten more expensive.
52:13
And these are the reasons why now, again, I kind of advise
52:17
people going against like ranting to your family about
52:21
Bitcoin all the time. It does kind of, you know, it,
52:24
it is a little annoying, I'm not going to lie, you know, like
52:26
enjoy the time with your friends and family.
52:28
But if you are going to do it, make sure you have your talking
52:32
points correct. Make sure you hit people where
52:34
they are, you know, hit them where they feel it.
52:36
But hey, it's also bitcoins about to hit 100K.
52:40
So maybe you can just glow at your friends and family this
52:43
this Thanksgiving and show them that, hey, I am right.
52:46
I'm the one that's correct here. I understand what's going on.
52:50
They're obviously not going to listen to you because they would
52:53
have already listened to you. But again, you know, just public
52:56
service announcements out here. Shouts out to my boy Zach.
52:58
I told him I'd do it on the culture when I had a moment.
53:01
It just so happens at the moment was today on Thanksgiving.
53:04
And I'm sure you guys are all going to have a good
53:06
Thanksgiving tonight and eat really good feast like kings and
53:10
Queens. And this is the way.
53:13
So I don't know. Yeah.
53:15
Simple facts here. Just simple facts here, Nico.
53:18
I mean, that was a short bit, but maybe maybe since it is
53:22
Thanksgiving, we, we do what are we thankful for and we wrap up
53:25
today. Yeah, I mean, I, I love that.
53:29
So, yeah. But don't you know, guys, I've
53:32
been orange peeling people eight years now.
53:36
You know, you got to meet people where they are.
53:40
And you know, what you got to do is you plant the seed in
53:44
people's heads and number go up. Takes care of the rest so that
53:50
that's what I'll say on that. And then what am I thankful for?
53:53
I mean, guys, you know, simply Bitcoin has has really kind of
53:59
become, you know, a company this year, small media company.
54:05
When me and Opti started on this journey, we took the show live
54:10
about two years ago or so. And then when I started this
54:13
like four years ago, I could never have imagined that, you
54:19
know, we're up to a team of 12. And, you know, it's been a whole
54:24
lot of work, lots of ups and downs.
54:26
We got the platformed earlier, you know, thanks to you guys and
54:30
all the attention that, you know, you guys brought to that,
54:33
we were able to get the channel reinstated.
54:36
Shout out to the YouTube team as well for making that happen.
54:40
And, you know, I'm just kind of thankful for how far we've come
54:46
and I'm thankful for the entire audience for making this
54:49
possible. You know, this is, this is I, I,
54:55
you know, I, I just wanted to start a YouTube channel.
54:57
That was my dream. And I pitched Opti on the dream.
55:01
And, you know, Opti, I have no idea how he believed in it.
55:05
And you know, I have no, I can't believe how far we've come, you
55:11
know, as a company, as a channel, you know, as a, as a
55:16
movement, and that's fundamentally because of you
55:20
guys, right? And of course, our partners, so
55:23
and sponsors. So I'm thankful for you guys and
55:27
thank you for you guys watching in the audience.
55:29
We we really appreciate it. We would not be here without you
55:33
guys. You guys are, you know what keep
55:36
us going every day, your comments, your love.
55:39
And you know, I'm thankful for the entire Simply Bitcoin crew.
55:45
You know, our our two very, very talented content creators, Dante
55:49
and Rustin are amazing editors. Parnik, John, the Goat, Johan,
55:57
and of course the man behind the scenes making everything happen,
56:02
our boy Jacob, and of course my wife Sophie.
56:09
And of course, our whole you know the best in the industry
56:14
baby. Wait, wait, wait.
56:17
Can we put? Can we put?
56:19
Can we put the the real MVP for Simply Bitcoin on blast right
56:23
now? Let's do it.
56:25
Shouts out to wine. Shouts out to wine.
56:28
The go, The go. Oh, I was going to save that for
56:31
last, but OK. Shout out to the yeah, shout out
56:36
to the X team. So all the, all the zoomers that
56:40
make the X team possible, Bryson, Morpheus, Jacks, Ani
56:45
guys are freaking awesome. And of course, shout out to save
56:51
the best for last. Really shout out to Wine Kiss
56:56
for really taking simply Bitcoin up a notch in terms of, of of
57:01
our business. So yeah, I mean, super grateful
57:04
for all those guys and super grateful for the audience.
57:08
And that's what I'm grateful for.
57:09
Opti, what are you grateful for bro?
57:10
Love it. I'm not going to rehash
57:14
everything, but I'm also just grateful that this is our job
57:17
and, and we've actually created something that's awesome and
57:19
that you guys love. And man, I'm just super hyped
57:22
for what 2025 brings, what, you know, the rest of the decade
57:25
brings. And man, it's, it's been an
57:28
incredible ride so far. And I think this is only the
57:31
beginning. Like we got a lot of tricks up
57:33
our sleeves. I know some of you guys are
57:35
yelling at me because it's taking a little longer than we
57:37
wanted to take, but hey, we got to make sure when we roll out
57:41
some new stuff, it all happens at the same in time.
57:43
But yeah, man, I'm just super grateful that this is this is
57:45
our jobs. Like it's a surreal, surreal
57:48
experience, you know, and somehow we've made it happen.
57:51
And so I just want to thank every single one of you guys
57:53
showing up, hanging out with us, You know, all the love we get in
57:56
the chat, even all the trolls we get in the chat keep trolling
58:00
us. It keeps us on our on our toes.
58:02
But man, I'm, I'm just thankful for the life, you know, this
58:05
life that we're living is incredible.
58:07
And hey, even though it's Thanksgiving, it's a holiday,
58:10
you know, the banks are the banks are, but Bitcoin still
58:14
running and simply Bitcoin doesn't take a day off,
58:17
apparently. So I'm just happy that this is
58:19
this is working, man. And, and just one last thing,
58:22
you know, like Nico said, when Nico kind of tapped me on the
58:26
shoulder and was like, hey, I want you to join simply
58:29
instantly, before I even finished the sentence, I already
58:31
knew where simply was going. And I've, I've been a believer
58:34
throughout the literally since the first day I was a fan 1st
58:38
and you know, Niko's a friend. And hey, it's just incredible
58:42
that we built this team that you guys show up every single day,
58:45
that you guys literally don't miss an episode.
58:48
And you know, you keep us accountable.
58:50
And so we show up, you know, we try to try to be as close to the
58:53
truth as possible. We try to get to the bottom of
58:56
everything. And of course, we try to give
58:58
you guys some good energy containing content.
59:00
And man, I'm just thankful that this is, this is working.
59:03
And I'm, I'm excited for 2025 S Hey, next year, 2025
59:08
Thanksgiving, thanks. We'll probably do the same thing
59:11
and we'll be even more thankful and we'll probably be thankful
59:13
for the price then. But you know, I'm just thankful
59:15
this is our job. It, it's really been incredible.
59:18
And it's only the beginning. Man this is awesome.
59:20
It's surreal and tactic, but yeah, it's it's it's it's
59:25
amazing, man. So also shout out to, of course,
59:28
our sponsors. Simply Bitcoin would not be
59:31
possible without our sponsors. So Bitcoin well, stamp seed
59:34
foundation, the Bitcoin way, compass mining, hive digital
59:37
technologies and orange pull up. And of course, shout out to all
59:41
the conferences Bit Block Boom, the Canadian Bitcoin Conference,
59:45
adopting Bitcoin mining, Disrupt in Miami, Unconfiscatable and of
59:49
course, the Bitcoin conference Bitcoin 2024, and of course all
59:53
the other ones as well. So yeah, shout out to the
59:56
Bitcoin magazine team. Grateful for those guys as well.
59:59
Anyways guys, have an amazing Thanksgiving.
1:00:01
Enjoy time with the family, go outside, touch some grass, eat
1:00:05
some Turkey and of course. Wait, eat 2 servings, 1 for me
1:00:09
and one for you. Boom.
1:00:11
Boom boom and of course, Honey Badger Media will be back
1:00:15
tomorrow for a brand new episode of Simply Bitcoin Live.
1:00:19
Peace out, everybody. To you by bitcoinwell.com, a
1:00:24
Bitcoin only platform on a mission to enable financial
1:00:27
independence.