Latest / Simply Bitcoin / The 6th RICHEST African Country Just Adopted Bitcoin? | EP 1126

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The 6th RICHEST African Country Just Adopted Bitcoin? | EP 1126 · Simply Bitcoin

0:00
Yo, the 5th richest country in Africa just unbanned Bitcoin.
0:06
Is this the starting of the FOMO wave?
0:08
Is this the so-called Bitcoin hash war that Max Keiser is
0:13
talking about? I mean, we have to remember
0:15
Ethiopia recently joined Bricks earlier on this year and they
0:20
made a public announcement that their government is mining
0:23
Bitcoin. So this is a trend that we're
0:25
seeing worldwide. It's extremely exciting.
0:28
And again, this is the incentive inventives coming into play.
0:31
I mean, we heard an announcement recently that the official that
0:35
was responsible for the China mining ban was recently fired.
0:39
And it seems like this trend, this global trend of regulators
0:44
reversing their course on Bitcoin continues to happen.
0:48
And this again, to emphasize this is happening on a global
0:52
scale. So what country am I talking
0:54
about today? I'm talking about the country of
0:57
Morocco. Again, it's one of the
0:59
wealthiest in terms of GDP in Africa and this is very
1:03
exciting. This is very interesting.
1:05
And again, if you see the news by itself, I think it's a
1:09
nothing burger, but if you connect the pieces with what's
1:12
happening on an international level, it's extremely exciting.
1:15
So anyways, here's the headline article by Reuters.
1:18
Morocco preparing law to allow cryptocurrencies, Central bank
1:22
chief says continues to say a draft law on cryptocurrencies is
1:26
undergoing the process of adoption in Morocco.
1:28
The governor of its central bank.
1:31
Oh my God, do you want to take a hit at that?
1:34
No, I'll pass. OK, so the.
1:36
Governor of its central bank said cryptocurrencies have been
1:39
banned in Morocco since 2017, but the public continues to use
1:42
them underground, circumventing restrictions.
1:45
I mean, I could have told you that was the case either ways.
1:48
So, and I think Opti, you're the one that coined this, right?
1:51
You can't ban yourself from Bitcoin.
1:53
You can only, you can't ban Bitcoin.
1:55
You can only ban yourself from Bitcoin.
1:57
So it goes on to say the central bank known as Bank Al Gharib
2:01
quote has prepared a draft law regulating crypto assets, which
2:05
is currently in the adoption process continues to say Bank Al
2:09
Marguerite was also exploring ACBDC quote regarding central
2:14
bank digital currencies. And like many countries around
2:16
the world, we're exploring to what extent this new form of
2:19
currency could contribute to achieving certain public policy
2:23
objectives that central banks speak, particularly in terms of
2:27
financial inclusion. Quote.
2:29
ACBDC is controlled by the central bank, in contrast to
2:32
cryptocurrencies that are usually decentralized.
2:34
So I mean, so a couple kind of interesting things that I've
2:38
noticed. You're still getting the framing
2:40
from legacy media that we somehow need the central bank.
2:44
Like the central bank is a fact of life.
2:46
You need it or you know, society is going to meltdown.
2:50
It's like you need this thing, this thing is good for you,
2:53
where we have to shift it. This is where we have to come
2:55
in. We really have to shift this
2:57
Overton window and you're seeing this dramatically when it comes
3:01
to media. We're going to play you guys a
3:03
clip today during the numbers when you have the CEO of one of
3:07
the biggest, like publishers have a literal meltdown because
3:11
of Elon and social media. And the reason that's happening
3:14
is something that we've been talking about over the last six
3:17
months, 6-7 months, which is what I coined the great
3:20
disintermediation, which is really started by the Internet.
3:25
And the Internet is allowing mass scale peer-to-peer
3:28
communications. And because of that, what you're
3:31
seeing is a lot of people, instead of relying on these
3:34
centralized kind of media sources, they're starting to do
3:38
their own research. And they're starting to, you
3:40
know, not take what the mainstream media is saying as
3:43
fact. And it's like, OK, let me just
3:45
kind of look into this more. And if you apply that same logic
3:49
to money, which I think is the next step in the great
3:51
disintermediation, I think it's inevitable.
3:54
I think we're going to get to a point a critical mass just like
3:57
we reached with social media, where enough people are just not
4:01
using central bank money anymore.
4:03
But I think the the like, the big deal of that is how much the
4:08
central blank the central bank plays in the role of government
4:13
and funding that said government.
4:15
So I think look at how much they freaked out with social media.
4:19
Look at how much they wanted a censor.
4:20
Look how much they still want to censor.
4:23
I think the next step is going to be even crazier, right?
4:26
But again, like, it's really exciting because, you know, I
4:30
think countries around the world are realizing this thing isn't
4:32
going to go away as much as governments want it to go away,
4:36
as much as central banks want it to go away.
4:39
Can't make it go away. And if your citizens are
4:41
choosing to opt out of your currency and they're choosing to
4:45
use something like Bitcoin, like, you know, you're in
4:48
trouble, right? So again, it's very exciting
4:53
and, and again, you're in trouble, but this is beneficial
4:55
for the citizens. I, I don't know what the
4:57
inflation rate of Morocco was, but again, I think if Fiat money
5:02
was great, I don't think Bitcoin would have ever been invented.
5:05
And I think if Fiat money was stable as much as they say it
5:09
is, I don't think the incentive would be there for people to
5:13
seek an alternative in the 1st place.
5:15
So anyways, really, really exciting stuff.
5:17
Not surprising Opti, what do you think I mean, bro, this is like
5:21
the year of of Bitcoin being undefeated like I, I feel I feel
5:27
Trump's voice in my head like you guys are going to win you
5:29
guys are going to win so big it's you guys won't stop winning
5:32
like I mean the this this pump started with trump.
5:36
This is the Trump pump. I mean, it's not really a Trump
5:38
pump anymore. But anyways, exciting stuff.
5:42
What's your take, Opti? Yeah, well, I find it very
5:45
interesting that we have another example of a country or rather
5:49
an institution bending the need to Bitcoin.
5:51
And you know, I'm still of the mind that it is the having cycle
5:56
pump, but we will attribute it to the Trump pump because you
6:00
know, it, it's it's very obvious now I think in hindsight that a
6:04
lot of capital was waiting to see what was going to happen
6:06
with the US elections. And ever since Trump came out as
6:09
being, you know, pro crypto, it has fundamentally started this
6:14
global hash war. Now everyone around the world
6:16
has to take Bitcoin seriously. If America embraces Bitcoin,
6:20
that's going to fundamentally change the game, not just for
6:23
corners, but globally around the world in in regards to world
6:26
reserve currencies and traditional finance.
6:28
And so you're seeing that ever since that domino has been
6:32
kicked down, or rather, you know, drop down, every other
6:34
country now has to bend the knee to Bitcoin.
6:37
And we've been saying this as a meme in the Bitcoin space for a
6:40
long time that everyone will eventually bend the knee to
6:43
Bitcoin. They will have to kiss the ring
6:44
because like you said, Bitcoins not going away.
6:47
It's actually becoming more adopted in every corner of the
6:51
world. Obviously the price is going up,
6:53
which is making more people FOMO into Bitcoin, more people having
6:56
to take Bitcoin seriously. And in the culture I'm going to
6:59
show, you know, I'm going to do a back-to-back comparison of
7:03
what the unproductive class thinks about Bitcoin and what
7:06
Main Street starting to think about Bitcoin and and they're
7:09
two totally different forks in the road.
7:11
Some people are still doubling down on the fact that Bitcoin
7:13
has no use case. And other people are like, wait,
7:15
maybe I was wrong on Bitcoin. And now you're seeing that this
7:19
isn't just happening on, you know, from the from the top
7:22
down, but the top is starting to realize, or rather, you know,
7:27
the people in charge are starting to realize, well, hey,
7:29
man, we have to embrace Bitcoin because not only is it going to
7:32
hurt our citizens, but now they're all kind of getting that
7:35
FOMO wave coming. And it is starting to feel like
7:37
a 2020 or 2017 type bull run. Here might be an earlier type
7:41
bull run where everyone is starting to change course on
7:45
Bitcoin. And obviously this is good for
7:47
everyone in regards to number go up.
7:50
Now, as long as Bitcoin can maintain its decentralized
7:54
censorship resistant status, then obviously it's going to be
7:57
good for freedom go up. So one of my one of my roommates
8:00
or not roommates, sorry, one of my neighbors out here, he's
8:02
Moroccan and he always tells me how much he loves Morocco.
8:05
And so it's going to be very interesting to have a
8:08
conversation with him now in regards to Bitcoin or crypto
8:12
adoption in Morocco, though, there is you know, again, I'm
8:16
the reigning tinfoil hat guy here.
8:17
So it is very interesting that they use the framing of
8:22
cryptocurrency assets and how they're changing course on that.
8:25
Obviously, they went from banning it in 2017 to now having
8:29
to take it very seriously. It's still in the first stages.
8:32
And then of course, connecting that with CBD CS.
8:35
So it is kind of I'm, I'm hesitant on this because if
8:39
they're kind of connecting CBD CS with cryptos, obviously we've
8:43
seen this playbook play out before in the past where like a
8:45
cryptocurrency is essentially ACBDC and This is why they need
8:49
to embrace the CBDC. So it's going to be interesting
8:52
to see, excuse me, what this legislation actually entails,
8:57
but it just goes to show that everyone has to now bend the new
9:00
Bitcoin. They have to take Bitcoin
9:01
seriously. And ever since what I forget
9:05
when that crypto hub announcement from Trump was, it
9:07
was like June or July or whatever, everyone has to take
9:11
this Bitcoin thing very seriously.
9:12
It's becoming one of the hot button topics in the popular
9:16
zeitgeist. I'm seeing so many like Tik Toks
9:19
and Instagrams now of people talking about Bitcoin.
9:23
And maybe it's just because I'm so, you know, like all I'm so
9:26
plugged into the Bitcoin space that now when I see normies talk
9:29
about Bitcoin, I find it very interesting because for what
9:32
2021 we were still the laughing jokes here, you know, we were
9:36
still the laughing stock and now everyone's talking about
9:38
Bitcoin. You know, they're, they're all
9:40
kind of going through the shit coin phase right now.
9:43
So it's very interesting to say the least that the public
9:46
consciousness is changing around Bitcoin.
9:49
And if countries are starting to embrace Bitcoin, maybe we're
9:53
going to see another country soon follow suit after El
9:56
Salvador. And you know, if Morocco, well
9:58
technically it might be the third one because we do have the
10:01
Central African Republic that kind of did their announcement
10:03
on that and nothing really happened afterwards.
10:06
But you know, Morocco is a bigger GDP than El Salvador.
10:10
And so if these dominoes start falling, it's only a matter of
10:13
time until we see some of the biggest countries in the world
10:17
fully embrace Bitcoin. And hey, that might be the US in
10:20
a month or so. So things are happening fast.
10:23
I mean, I was just saying Tanika before the show, like, man, this
10:25
is getting kind of crazy. Like things are happening really
10:27
fast right now. And it feels like 2025 is going
10:32
to be nuts. And, you know, it's just a gut
10:34
feeling, but there's so much data points going on right now
10:37
in the Bitcoin space that I, I feel like we're going to, we're
10:41
like our heads are going to spin by how high the Bitcoin price is
10:44
going to go in 2025, but everyone's still thinking 150.
10:47
And I'm like, I don't know, man. It's starting to get crazy.
10:50
It's starting to feel wild right now.
10:52
So hey, we're here for it. We'll be on the front lines
10:54
covering all this stuff. But yeah, it's getting nuts,
10:57
Nico. Things are happening very fast
10:59
as far as I'm concerned. 100%, man, I think I, I agree with
11:02
you, man, I'm feeling, I'm feeling because it's like, you
11:06
know, like the the Wall Street CHEAT SHEET, right?
11:08
You know, so you're supposed to feel euphoric at the peak.
11:11
I feel nothing. We're at a where we hit 100 Ki
11:13
was like, I feel nothing. I feel empty inside.
11:15
So, you know, I think the the price definitely needs to
11:19
definitely needs to get crazy before you start to get into
11:22
that mania phase that, you know, Bitcoin tends to historically
11:26
hit a year after the halving. So yeah, I'm really excited for
11:29
2025. And I think the the
11:31
differentiating factor from all the other cycles is how much how
11:37
much Bitcoin it what you were saying Opti is in the kind of
11:40
popular, the popular like mindset.
11:45
Like you just hear it like you hear it in like everyday.
11:48
You hear governments talking about it.
11:49
You hear about unbannings. Michael Saylor is crushing it on
11:54
Wall Street. Wall Street's not going to be
11:55
able to resist that for for very long, right?
11:58
So anyways, guys, if you guys are enjoying the show, there's
12:01
about 1200 of you guys watching live between YouTube and X Make
12:06
sure to smash that like but and of course shout out to our
12:08
rumble audience as well. If you guys are enjoying the
12:11
show, like I said, smash that like button really, really helps
12:14
with the algos. Anyways, guys, we have tons of
12:17
news that we're going to talk about today.
12:19
Like I said, the legacy media meltdown.
12:22
I mean you guys are if you guys haven't seen this video, it's
12:25
nuts. And I'm telling you that this is
12:27
the end of the what what people call the the mainstream media.
12:34
I've haven't been calling them for that a lot for a long time.
12:37
Call them the legacy media, but you're really starting to see
12:41
them break a little bit. And what's really ahead of this
12:45
is actually really exciting because I think it's the era of
12:48
kind of decentralized media or what Elon Musk called citizen
12:52
journalism. So we're going to talk about
12:54
that and also Rumble. So the alternative video
12:59
platform, which we're currently streaming to right now announced
13:02
that they're going to put part of their treasury into Bitcoin
13:05
and of course, Michael Saylor congratulating them on X just
13:09
really exciting stuff all around So guys stay tuned anyways,
13:13
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All right, everybody, let's hit the news.
14:29
We have tons to talk about. Let's check it out.
14:31
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Bitcoin price is 93,660 Block height 872,099 sats per dollar
16:44
1068 market cap 1.85 trillion Bitcoin price in gold 35.6 oz
16:51
Bitcoin versus gold market cap 10.14% Percentage issued 94.22%
16:57
Decline from all time high 6.1% realized monetary inflation
17:02
1.19% man that decline from all time high feels a lot bigger
17:07
than this 6.1, but it's important to keep perspective
17:11
because you see the mood changing on Bitcoin Twitter.
17:14
You see people just like Oh my God you know bitcoins over you
17:18
know this was the pump. I look, I might be wrong here no
17:22
one knows, but no effing way. That was the top bro and if that
17:27
was it's going to be a brutal ass bear market.
17:30
It's going to be terrible anyways guys.
17:32
So let's check out this video and then we'll talk about it.
17:38
Everything we do is under fire. Elon Musk sits on Twitter every
17:42
day or X today saying like we are the media, you are the
17:47
media. My message to Elon Musk is both
17:51
You're not the media. You having you having a blue
17:59
check mark, a Twitter handle, and 300 words of cleverness
18:04
doesn't make you a reporter any more than me looking at your
18:07
head and seeing that you have a brain and telling you have an
18:10
awesome set of tools makes me a damn neurosurgeon, Right?
18:13
Like what we do, what journalists do, what you did in
18:17
Mississippi, what Al Jazeera does in the Middle East, you
18:23
proclaim yourself to be a reporter.
18:26
Like, that's nonsense. Like being a reporter is hard,
18:30
really hard. You have to care.
18:34
You have to do the hard work. You have to skid up every single
18:38
day and say, I want to get to the closest approximation of the
18:40
truth without any fear, without any favoritism.
18:44
You don't do that by popping off on Twitter.
18:48
You don't do that by having an opinion.
18:50
You do it by doing the hard work.
18:54
Yeah, come on. First of all, I've got to say
18:59
extraordinary content. It needed to be said.
19:03
It continues to need to be said. When all of the garbage is
19:07
flying around on social media, lying about reporters, lying
19:11
about the hard work they do, lying about the hard work
19:14
editors who lying about everything up and down about not
19:19
only their alternative set of facts, but alternative set of
19:23
facts about what people like you do.
19:26
OK, so a couple things here, right?
19:30
So it's not that, you know, Elon and and X is just raising in
19:35
popularity and all of a sudden people just, you know, stop
19:39
trusting in the media. The problem is that if you've
19:43
been paying attention for the last five years, these people on
19:46
TV haven't exactly been the most honest people.
19:51
And what's happened is that now there's an alternative.
19:55
And that alternative is providing what journalists
19:58
should provide, which is the truth.
20:01
And I think a lot of people have waken up to this idea that, wait
20:04
a second, like, are these journalists or are these
20:06
propagandists? Right?
20:08
And I think human beings naturally are attracted to
20:11
truth, and they naturally want to seek truth.
20:13
And when you're tuning on TV and they're telling you something
20:17
but you're like, that's not true, I think.
20:20
There was very limited ways in the past for you to discuss
20:26
these ideas on a mass scale or for you to kind of seek truth.
20:29
Like it was just like the New York Times posted an article and
20:33
you would take it as fact and you're like, OK, that's it.
20:35
With social media and you're seeing this.
20:38
They would post an article and then the article would get fact
20:40
checked in 30 seconds or in community noted and then they
20:45
would essentially have a meltdown and say, no, I'm the
20:48
one who gets to determine what the truth is.
20:51
That's not the case. The truth is the truth and the
20:55
people that report the truth are going to get the numbers,
20:57
they're going to get the clicks, they're going to get the
20:59
attention. I think that if journalists were
21:02
in the business of telling the truth, I don't think that this
21:04
one, it's the same with with Fiat money.
21:06
I think if central banks are responsible with Fiat money and
21:10
they weren't in the business of printing Fiat money, I don't
21:12
think people would be so desperate to find an
21:15
alternative. It's the same with journalism.
21:17
I think that if the media did their job, I don't think people
21:22
would seek an alternative. But they didn't do their job.
21:24
And instead of saying, OK, guys, and you saw this, you saw an
21:28
article by Jeff Bezos. Jeff Bezos is the billionaire
21:31
Amazon and he owns the Washington Post and released an
21:34
article saying like, all right, guys, like people have lost
21:36
trust in the media. We got to be accurate.
21:39
The truth isn't what we say it is.
21:40
The truth is the truth. Like it doesn't change.
21:43
And it's apparently these guys haven't got the memo.
21:46
So, you know, like, and if you take a look at the the runners
21:50
of this guy's publication, so he owns or he's a CEO of Axios.
21:55
Like I would be mad too, bro. So you know it's gone down and X
22:00
is obviously. Can you click that, click that
22:02
picture, Yeah. Yeah.
22:04
So like X is hitting, you know, world like records and this is a
22:09
trend that you see across all of legacy media.
22:14
And instead of them saying, OK, we got a pivot here, they double
22:18
down and they asked for censorship and they call you
22:21
crazy and they gaslight you. I'm that was the most epic of
22:26
gaslights. I remember when the legacy media
22:28
was telling me that there's a Bitcoin show, not all the other
22:32
stuff the legacy media was telling me, you know, inflation
22:35
is a conspiracy theory that was bullshit.
22:39
And, you know, the only place where people were actually able
22:43
to speak the truth about what was actually going on with
22:46
inflation, it was the Internet. Like if you were on Bitcoin
22:50
Twitter, you knew that inflation was going to happen 2 years
22:52
before it happened. If you were reading the Wall
22:55
Street Journal, the New York Times or Reuters, you'd be like,
22:57
no, Janet Yellen says it's not going to happen.
23:01
So like, this is a natural, like progression of what happens when
23:06
you use your platform to essentially lie.
23:10
And that's not the truth across all legacy media.
23:14
There's really good journalists and there's really good articles
23:17
and I read them all the time. But now what happens is you're
23:21
going to get, especially if it gains traction, it's going to
23:24
gain attention. Like it's going to go viral.
23:27
That clip is going to go viral. That Joe Rogan clip with that
23:30
interview, whatever it is, it's going to go viral.
23:32
And I'm telling you, there's something about telling the
23:35
truth and the Internet, I think it, it, it kind of goes along.
23:40
Have you ever seen, have you guys ever seen like the, the,
23:43
the quote, which is like some people can't meme.
23:46
I'm not going to be specific, but it's like some people can't
23:49
meme. Well, it's like some people
23:51
can't meme because a meme is only funny when the common, the
23:55
common denominator is true. If the common denominator is not
23:59
true, the potential for that meme to go viral is very low
24:04
because there needs to be kind of like this shared truth, and
24:07
the only shared truth needs to be universal, right?
24:10
So I think the Internet, like has connected us, you know,
24:15
essentially humanity, this global consciousness together.
24:18
And I think it's very, very difficult for you to propagate
24:22
lies. I think in the old world where
24:24
you are able to control the narrative on TV, you are able to
24:27
control the print narrative, it was a lot easier for you to
24:32
control the truth, so to speak. I remember this really powerful
24:36
tweet by Jack Pasobic, and he was basically like, if the
24:40
Internet would have existed in the 2000s, we would not have
24:43
gone to war with Iraq. And I was like, holy SH, like,
24:47
that is true, right? So yeah, man, I think any.
24:51
I don't think legacy media has changed.
24:53
I think the only thing has changed is the rise of social
24:57
media and the rise of the ability for people to seek
25:02
alternatives and seek the truth themselves, do research
25:05
themselves and then post about it.
25:07
And I think the people that are the most successful in social
25:10
media are the people that resonate with other people.
25:14
And in my experience, you tend to have to tell the truth.
25:17
That's been my experience. Maybe that's not true across the
25:19
board, but I don't know. Opti, this is crazy, dude.
25:23
This is nuts. I mean, how long have we been
25:25
talking about this? We've been talking about this
25:27
moment for years, but really watching it play out and this is
25:31
sad. I mean, imagine a year from now.
25:34
I don't think CN NS going to exist in half a decade or a
25:38
decade the way that we're going. I don't think it's going to
25:41
exist. And what type of world is that?
25:44
Because we haven't experienced that.
25:45
We have never experienced that. CNN has always been around.
25:49
NBC has always been around. CNNBC has always been around.
25:52
What's the world going to look like when the mainstream media
25:55
and Elon says the best when the media is you and on what's that
26:01
world to look like? As I think it's going to be
26:04
very, very interesting to say the least, here's Elon Musk.
26:08
He says you're the media now, X what you know, X what you hear,
26:11
X what you see. Here is the most popular
26:14
broadcaster on the face of the Earth, Joe Rogan talking about
26:18
it. It's like, what is it citizen
26:19
journalist? How did Elon Musk put it?
26:21
It's like you are now the journalist or how I'm misquoting
26:24
him. But.
26:24
This is mainstream media now. That is the mainstream media.
26:27
That's where most people are getting their news now.
26:29
The views speak for itself, you know.
26:31
Like it's not just the views, it's the community notes, the
26:34
fact that you can actually Fact Check these things.
26:37
And then you have all these brilliant people that are
26:38
participating in this live debate in real time online about
26:43
what's real and what's not. Yeah.
26:45
And you're finding all specifically with the, like the
26:48
the when they found the Twitter Files and like, Jesus Christ,
26:51
the FBI is involved in this. Like, what?
26:53
What the fuck is going on? Yeah, it's, this is so crazy.
26:57
The FBI is involved in deciding what's real and what's not on
27:00
Twitter. Unreal.
27:02
And you're, you're, you're banning journalists.
27:05
You're, you're banning scientists.
27:07
Like this is really crazy. Yeah, and it's bad for society,
27:11
but you know, it's caused irreparable heart.
27:13
So I'm going to stop it right there.
27:15
I'm going to kind of open up to to session.
27:17
I think that's been happening for a long time.
27:21
I think the only thing has changed is now we have the
27:24
ability to talk about it on a mass scale.
27:26
That's the only thing that's changed.
27:29
And I'm telling you, the same thing is going to happen to
27:31
money. It's just a matter of time.
27:34
All the gas, lighting, all the like.
27:37
The only thing that has changed from 20 years ago is that we can
27:40
Fact Check it about it in real time and we can discuss about it
27:43
on a mass scale in real time. That's the only thing that's
27:46
changed. I don't think media has changed.
27:48
I think they're doing the exact same thing.
27:50
I think our just our ability to talk about it is there because
27:53
of social media. Now I'm going to talk.
27:56
It's the same thing is going to happen.
27:57
Money. I think we're going to reach a
27:59
critical point what the that the percentage of the global
28:04
populace is no longer using Fiat and they're using an
28:09
alternative. It could be a stable coin or it
28:12
could be Bitcoin. The reality is that stable coins
28:15
have a ton of adoption adopting in in developing countries.
28:20
But the point that I'm trying to make is that it's an alternative
28:24
to the local Fiat currency. Now, the difference between
28:28
social media and I think money is that governments get a
28:33
tremendous amount of power from being able to print their own
28:36
money. So I think that's going to get
28:39
nuts. Like, look at how much they
28:41
wanted a censor. Look at how much they wanted a
28:44
censor because they wanted to keep control of the narrative
28:46
they wanted to keep. What is the truth?
28:48
What is not the truth? Can you imagine how much power
28:50
governments had basically just to say, OK, this is the truth.
28:54
If you question it, we'll de platform you, we'll censor you.
28:57
You know you can't. You're not allowed to have a
28:59
voice. And then all of a sudden came
29:02
Internet and then, you know, Elon acquired Twitter.
29:04
You know, the rise of nostril rise of whatever rise of
29:07
critical thinking. And then there's alternatives.
29:10
Dude, it's so crazy. I opti am I seeing shit because
29:14
this is nuts bro. Well, first of all, that clip
29:17
was absolutely hilarious. The amounts of cope in that
29:20
video was off the charts. That that was too funny.
29:25
And the, the fact that he's just like yelling, you know,
29:29
basically that us, I know he's probably in a room full of
29:32
reporters and and it's like rhetoric that they all enjoy.
29:34
You know, they're all clapping. And then the TV hosts are also
29:37
like, yeah, like those dumb people out there reading social
29:41
media, why aren't they trusting the experts?
29:43
It's like, it's just absolutely hilarious.
29:46
It it's super funny to me. And in reality, they should kind
29:50
of take a page out of Jeff Bezos book.
29:53
I mean that opinion piece that he wrote for the Washington Post
29:56
I think is the biggest signal that we've been kind of talking
29:58
about the last couple of months is that the corporate press, the
30:01
propaganda machines, you know, quote UN quote, mainstream
30:04
media, as people still call it, is a propaganda machine.
30:07
We all know, and we've been seeing it for the last couple of
30:10
years, especially, you know, the last four years, that they
30:13
basically get their information, or rather their talking points
30:16
from up high. And then they propagate those
30:18
quote, UN quote truths. And now that they're losing that
30:22
monopoly on narrative creation, they're freaking out.
30:25
And instead of looking at themselves in the mirror and
30:27
being like, oh, maybe we are detached from reality, maybe we
30:31
should take some market feedback and change course.
30:33
All of what Jeff Bezos was saying in the Washington Post,
30:37
they're yelling at us and being like, no, where are the media?
30:39
Like it's you know how hard it is to be reporter.
30:42
You can't just claim yourself to be a reporter.
30:44
You need the you know, you need the accolades, like you need the
30:47
degree to be a reporter. And everyone else is like, cool
30:50
story, bro. Like I'm going to Fact Check you
30:52
live on Twitter. And hey, guess what?
30:54
You're wrong. And now everyone is starting to
30:56
wake up to the fact that the, you know, the public press, the
31:00
corporate press, the propaganda machines, they're just that
31:03
they're propaganda. They aren't here to tell you the
31:06
truth. They're here to tell you a story
31:08
and a narrative. And I think we've gotten to the
31:10
point with social media at large, or rather the Internet at
31:14
large, that people are tired of being lied to.
31:17
And I think this should be one of those moments where they look
31:20
at themselves in the mirror and be like, maybe we should change
31:22
chords. Maybe there's something wrong
31:23
that we're doing. But no, they just choose to, you
31:26
know, try to gaslight us and chastise us and tell us, you
31:29
know, trust the experts. Remember a couple years ago they
31:32
did their headlines of you know what's it?
31:35
Don't do your own research. Trust the experts, bro.
31:37
Like trust the experts. And now we're all realizing
31:39
like, wait, the experts were either one wrong or they were
31:43
maliciously lying to us. And, and I don't know about you
31:46
guys, but when I find out that someone was either wrong or
31:49
purposefully lying to me, I tune them out.
31:52
Like that's how this thing works.
31:54
And so the fact that they're freaking out and they're like,
31:57
why is no one listening to us? So, you know, with their, with
32:00
their nose held up high and you know, in their suits and all of
32:04
us and hoodies and stuff on Twitter, a non accounts just
32:07
fact checking in real time. It's like, look, dude, if you
32:09
guys were actually telling the truth, then people would
32:12
probably still listen to you, but you kind of overstepped your
32:16
power and you've lied to the population you've been beholden
32:20
to, you know, bigger lobbying groups than what we like to hold
32:24
ourselves to, which is the standard of trying to be
32:26
truthful and authentic and actually seeking what is
32:29
happening in the world. They're just, they're, they're
32:32
still yelling at us. And it's like, OK, bro, like
32:36
cool story, boomer, you're old news.
32:38
Like this is a new paradigm. Either adopt to what is
32:41
happening in the digital age and tell the truth, or you're going
32:46
to be a dinosaur that gets hit by the comet.
32:48
And this is where they are. Like, I find this, the amount of
32:51
cope in that video is just so funny to me.
32:53
And and, you know, I, I do kind of agree with one point, like
32:56
being a journalist coming in every single day, you know,
32:58
quote, UN quote journalist, you know, reporter every single day.
33:02
Like it is hard. Like, I, I agree with him, you
33:04
know, like showing up every day trying to find important things
33:08
to talk about and trying to get to the bottom of the truth every
33:10
single day. Like it is tiresome.
33:12
It does kind of wear on you, but hey, that's your job.
33:16
Like don't yell at people if you're not doing your job
33:19
correctly and you're not telling people the truth.
33:21
It's like either adapt or perish.
33:24
And, you know, give Bezos and the Washington Post the benefit
33:28
that they realize the problem. It's like no one trusts the
33:31
mainstream media anymore. So do something about it versus
33:34
yelling at us. It's like cool story bro, like
33:37
the amounts of cope I'm hearing from you just means you don't
33:40
know what is actually going on. Stop being a propaganda machine.
33:43
It's that simple. 100% dude, I think you, you hit the nail on
33:46
the head. And like, dude, this wouldn't be
33:51
happening if they did their job. Like the fact that this is
33:55
happening is because, and someone actually pointed this
33:58
out in the comment in the, in the comments.
34:00
And you know, it reminds me of the central banks.
34:03
The same reaction, the same reaction when they're talking
34:07
about Bitcoin. Bitcoin isn't money.
34:11
Reality check journalists and Bitcoin and and central bankers.
34:15
You guys don't determine what is a journalist or what is money.
34:19
The market determines what is a journalist and what is money.
34:23
Opti, do you remember a year and a half ago when we were just
34:26
starting up and I was like, and I told you, I'm like Opti Like
34:29
we're kind of like reporters, bro.
34:31
Like we kind of have to like get the news and like we kind of
34:34
tell people. Opti And I don't have a a
34:36
background, but the reason that I think, you know, this picked
34:41
up steam is because I think we were identifying certain truths
34:44
and then obviously looking at it from a Bitcoin lens and no one
34:49
else was doing that. No one else was looking at the
34:51
news from a Bitcoin lens. And I think the same kind of
34:54
applies to the media and the rise of X.
34:57
It's like if the they de platformed a president, bro, and
35:02
then they spent the last four years trying to, you know, paint
35:05
a certain narrative and then, you know.
35:09
Oh, and further, they jailed a journalist for exposing things
35:13
that they didn't like, and he went into exile and then they,
35:17
you know, ran him through the gutter and like, oh, where are
35:21
the bad guys for not listening to you?
35:22
Like, I thought you guys were talking about truth.
35:24
Sorry, that's not what happened here.
35:27
A. 100% and again, like if it was illegal in your country
35:31
because it, it is illegal, right?
35:32
It's America has the 1st amendment though where speech is
35:35
protected. That shouldn't be happening.
35:39
And as a Bitcoiner, you should love freedom of speech.
35:42
I think it goes hand in hand with Bitcoin culture and the
35:45
Bitcoin ethos. So it's like, dude, it it, I
35:49
think they failed and I think they're getting replaced.
35:51
And instead of like looking at them, I'm telling you that they
35:56
have professional backgrounds and they have the resources.
36:00
If they really wanted to, they can just start like, OK, let's
36:04
use our journalistic background to fucking crush it on X bro and
36:08
build a platform. You can totally do it.
36:11
And you're going to have the advantage over people that are
36:13
self-taught. But you can't believe it that
36:17
now you have competition from the everyday person and that
36:21
gets under your skin and you can't believe it.
36:24
And you see the central bankers, they react the same way with the
36:27
same hostility and hubris towards Bitcoin.
36:30
They can't stand the fact that people are using an alternative
36:35
because in their minds, they, they were the truth.
36:37
They got to decide what is money.
36:39
They got to decide what is truth and what is not true.
36:42
So man, what a time to be alive and the second stage is only
36:47
just beginning and I'm and I'm all here for it.
36:49
All right, everybody, let's get to the news.
36:50
We have tons to talk about. Let's check it out.
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All right, everybody, let's get to today's news.
39:10
So kind of a continuation of what we were saying about
39:12
earlier in the beginning of the show.
39:16
Opti is 2025, the year that Bitcoin becomes mainstream.
39:20
Like I know we've been saying that for years now.
39:23
It's like my 8th year of saying that, but it feels close.
39:27
And you know what the, the, the, it, it kind of reminds me of the
39:31
adoption of social media and the replacement of legacy media with
39:35
X. Like it was like this slow and
39:37
gradual process. It didn't happen overnight.
39:40
It hope it happened over, you know, like half a decade or a
39:44
decade if you've been paying attention.
39:46
And then all of a sudden one day it was black and white.
39:49
Like one day you woke up and you're like, yeah, you, you got
39:52
to, you have to be on X. Was it, was it Elon acquiring
39:55
the platform? Was it I think it was a
39:58
combination of things, bro. I think it was Donald Trump, it
40:01
was Elon, it was Joe Rogan. I remember when Jack Dorsey went
40:07
on Joe Rogan with Tim Poole and the Twitter lawyer lady.
40:11
And I remember listening to that podcast with like a super open
40:14
mind. And then after that I was like,
40:17
holy shit, she just gas lit us. And then Elon went in there,
40:20
bought, bought, bought Twitter at the time for like 44 billion.
40:25
And then he released the Twitter Files.
40:27
And then you're like, holy shit. Like government agencies are
40:30
asking like, what the fuck is going on?
40:32
Like and then of course, that made you kind of go down the
40:35
rabbit hole anyways, so got sidetracked.
40:40
Rumble, which alternative platform?
40:41
We're huge fans of the day that simply got de platformed.
40:46
We're actually streaming on Rumble and man, it was so great
40:48
to see all you guys there. A huge fan of this platform.
40:52
We post there every single day. Shout out to the rumble
40:54
audience. But huge news.
40:56
And I think a lot of this has to do with sailor kind of trolling
40:59
them a little bit like poking them.
41:02
Breaking news. Rumble Announces Bitcoin
41:05
Treasury Strategy Rumble's Bitcoin allocation strategy will
41:09
include purchases at the discretion of the company of up
41:12
to $20 million. So let's check out the full
41:16
press release. Let's check it out.
41:19
Rumble, the publicly traded company NASDAQ ticker RUM, the
41:24
video sharing platform and cloud sharing service provider,
41:26
announced today that its board of directors has approved a
41:29
corporate treasury diversification strategy of
41:32
allocating a portion of the company's excess cash reserves
41:35
to Bitcoin. This move emphasizes Rumbles
41:38
belief in Bitcoin as a valuable tool for strategic planning and
41:42
is designed to accelerate the company's expansion into
41:45
cryptocurrency. Rumble's Bitcoin allocation
41:48
strategy will include purchases at the discretion of the company
41:51
of up to $20 million. Quote.
41:53
We believe that the world is still in the early stages of the
41:56
big of the adoption of Bitcoin, which has recently accelerated
42:00
with the election of crypto friendly U.S.
42:02
President, presidential administration and increase
42:05
institutional adoption. Unlike any government issued
42:08
currency, Bitcoin is not subject to the dilution through endless
42:11
money printing, enabling it to be a valuable inflation hedge
42:16
and an excellent addition to our Treasury quote.
42:19
We are also excited to strengthen our ties with crypto
42:22
and to bolster our efforts to become the leading video and
42:26
cloud service platform for the crypto community.
42:30
He goes on to say the actual timing and value of Bitcoin
42:33
purchases, if any, under the allocation strategy will be
42:37
determined by management and its discretion and will depend on
42:40
several factors, including, among others, general market and
42:44
business conditions, the trading price of Bitcoin and the
42:47
anticipated cash needs of Rumble.
42:50
The allocation strategy may be suspended, discontinued or
42:53
modified at any time for any reason.
42:55
So I mean, dude, this is crazy. And again, like, why is this
43:01
happening everybody? This is happening because you
43:05
can't ignore Michael Saylor anymore.
43:09
Like the fact that he is the best performing stock of 2024,
43:13
like Microsoft is even looking and they're saying, like, what
43:16
the fuck, right? Eventually your shareholders are
43:20
going to put pressure on you. And this is what's happening.
43:23
So Rumble sees this as an opportunity.
43:26
Again, Rumble is very interesting because they have a
43:29
very large hill to climb when it comes to YouTube.
43:32
YouTube has the network effect. YouTube is the second largest
43:35
world, second largest search engine in the world.
43:39
And they're like, OK, I need to find an edge.
43:43
Very similar kind of story to Sailor MicroStrategy.
43:45
And he found that edge with Bitcoin.
43:48
So could is Rumble going to be? I mean, they're going to have a
43:50
better treasury strategy, that's for sure.
43:53
But I just find this really, really interesting.
43:55
Man, this is really, really cool.
43:57
Shout out to the Rumble team. Huge plan of the platform.
43:59
Like I said, really big fan. Also that they're huge
44:02
proponents of free speech. They know deplatform.
44:05
I think that's really, really cool as a content creator.
44:07
I think the whole idea of deplatforming is very scary.
44:10
Imagine building a business for years and then all of a sudden
44:15
you know that's it's pretty crazy, man.
44:17
So anyways Opti, what are your thoughts?
44:19
Bro Yeah. Well, first of all, I'm a huge
44:21
fan of Chris Pavlowski. His Twitter is great.
44:24
He does seem to be an advocate for free speech.
44:27
And, you know, I commend his battle to try to, you know,
44:33
dethrone YouTube from that supremacy.
44:35
Obviously, we're on YouTube. We're on Rumble.
44:37
We love both of those platforms. You know, like you said,
44:40
YouTube's the second biggest search engine in the world.
44:42
I always say like if you're on YouTube, you're basically not on
44:44
the Internet. But it is very interesting that
44:47
Rumble is becoming home for a lot of people that, you know,
44:51
can't say what they want to say in other places.
44:54
And I think it's a perfect fit for them to add Bitcoin to their
44:57
treasury, though some of that press release was kind of
44:59
interesting. You know, at their discretion,
45:01
maybe they're going to suspend it, etcetera, etcetera.
45:04
Personally, I would just say, hey, Chris, you know, just smash
45:07
by that 20 million right now attitude treasury and I'm
45:11
telling you 2025 you're going to be very happy you did.
45:14
Now, the second aspect of this was this idea of, you know,
45:18
trying to be a home base for the quote UN quote crypto community.
45:22
I think one thing that he could really do that would, you know,
45:25
not only kind of threaten a lot of the stuff going on on Noster,
45:28
but really put a debt to YouTube is if he unleash Bitcoin
45:33
payments and, you know, Bitcoin super chats or whatever you call
45:36
it over on Rumble. And if they implemented that,
45:38
like that would make rumble be, you know, very, very interesting
45:43
moving forward, especially if they don't do as much of the,
45:47
you know, the cut that other platforms do.
45:50
So like, I think this is a great step.
45:52
Obviously it's it is kind of funny that it took what like six
45:55
days after sailor talked to Chris for him to attitude to
45:59
treasury. So maybe sailors getting better
46:01
at that pitch, But it's it's a it's a perfect fit.
46:04
Like I know a lot of people have been not only deplatformed, but
46:08
demonetized and are either now on Rumble or other places that
46:13
are also bitcoiners. And right now it's like it's a
46:16
match made in heaven. You know, if you are a free
46:18
speech maxi, you're seeing the price go up, you're getting
46:21
richer than ever. And it's very interesting that a
46:24
lot of people that have been deplatformed are Bitcoiners and
46:28
now it's like we're the ones succeeding.
46:30
So like, yeah, you can cut us off.
46:31
Well, rather in the past you could have cut people off your
46:34
platform, cut them off the monetary system and they would
46:37
be done. You know, they would be nuke.
46:39
Like it's still an uphill battle if you get banned from other all
46:43
these other places, But if you find your home on Rumble and
46:47
you're saving in Bitcoin, like it is interesting that the
46:51
people that think a lot like us are the ones that are now
46:53
succeeding and profiting. And it's like, hey, man, you
46:57
know, this is one of those things like we're seeing with
46:59
the media, you know, that last clip we just played, it's like,
47:02
like you shot yourselves in the foot and the very people you
47:05
didn't want to see succeed have now found themselves a new home
47:08
and a new money. And moving forward, it seems
47:11
like those people are the ones that are going to succeed.
47:13
So again, you know, moving forward in the rest of this
47:17
decade, if you want to succeed, you might want to find places
47:20
where you can speak freely and find a money that they can't cut
47:23
you off of, which is obviously Bitcoin.
47:25
So I think this is a match made in heaven for Rumble.
47:28
And of course, Chris has been a Bitcoiner for a long time.
47:30
He's been very active and very, you know, vocal about Bitcoin.
47:35
Now let's see that push and add some, you know, lightning zaps
47:39
to Rumble or Bitcoin super chats or whatever you want to call it.
47:43
Like that would be so tight that.
47:45
Would be so tight and it's so easy to implement too that would
47:49
be sick man that you got me excited got me excited anyways
47:53
shout out to rumble for adopting a Bitcoin treasury.
47:56
I think in the next having so in 20/28/2020 9:00, it's going to
48:01
become abundantly clear that they made a phenomenal decision.
48:05
And I think by that time it's going to be clear that without a
48:08
shadow of a doubt, what Sailor is doing was a great decision as
48:11
well. And of course, I think that's
48:13
going to cause pressure for other companies to have no
48:16
choice but to adopt A Bitcoin strategy.
48:18
All right, everybody, let's let's get to the culture.
48:20
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50:51
All right Opti, what are we talking about today bro?
50:53
What is the the culture? We're changing seats, man.
50:56
I was in the culture seat for the last three days.
50:58
You were in the host seat. Now we're changing back.
51:01
What's going on? Yeah.
51:02
So I am doing a little commentary on where we are right
51:08
now in the cultural zeitgeist around Bitcoin.
51:11
And honestly, it's a fitting day considering that Axios clip that
51:14
we saw of them kind of coping in regards to who the media is now.
51:20
Well, we're seeing something similar play out and we're
51:23
getting some good examples. And of course, we're going to
51:25
start with everyone's favorite, Neel Kashkari, president of the
51:29
Federal Reserve. If you're new to Bitcoin, he's
51:31
famously went on 60 minutes and they asked him, so can the US
51:36
ever run out of money? And he's like, no, we have
51:38
infinite money. We can print dollars forever.
51:41
We will never run out of money. And and you know, that was a
51:44
couple of years ago and now we got this new clip of him talking
51:47
about Bitcoin. He's been a Bitcoin skeptic
51:49
forever. And let's just listen to his
51:52
view here on well, you know, what's the use case of Bitcoin,
51:56
bro? I want to touch on
51:57
cryptocurrencies. You've been a major critic.
51:59
In fact, you talked about how cryptocurrencies are like giant
52:03
garbage dumpster at one point. I mean, with Bitcoin getting
52:08
close to $100,000, how are you feeling about cryptocurrencies
52:12
now? Well, the question that I've
52:14
been asking for the last seven or eight years is continues.
52:18
What can you actually do with it other than actually than just
52:21
speculating on it? I understand it's an article of
52:24
speculation, and that's fine. If people want to speculate on
52:27
it, that's fine. They can speculate on anything
52:29
they would like. But does it actually have any
52:32
utility in an advanced economy? Can you buy things with it?
52:36
Do people buy things with it? At least in the US, the answer
52:38
is a resounding no. Almost nobody buys anything
52:41
using Bitcoin. Then it was supposed to be an
52:44
inflation hedge. And then when inflation took off
52:46
in the US, Bitcoin got crushed. So it wasn't an inflation hedge.
52:50
So it's it's not a useful payment tool.
52:54
It's not an inflation hedge. Is it merely a speculative asset
52:58
as an instrument of speculation? If that's all it is, that's
53:01
fine. People can be free to speculate
53:03
on whatever they would like. But I would like us to be clear
53:06
on what this is and what this is not.
53:08
And I'm waiting for anybody to explain to me how it is actually
53:12
useful in in an advanced economy and I just haven't seen it yet.
53:15
All right. Well, First off.
53:18
Opti, how much does that sound like?
53:22
100% That's why it's like synchronicity here.
53:24
Well, first of all, though, I do want to before I move on a
53:27
little bit, I do want to kind of point out the the irony here
53:31
that Neel Kashkari is basically like, but you can't buy coffee
53:35
with it, bro. Like who uses this?
53:37
It's it's not what's the use case of this?
53:39
I don't know, opting out of the fact that you can print infinite
53:42
dollars and make us all broker like something that cannot be
53:45
debased, something that is actually able to, you know, save
53:48
its purchasing power over time Or as Larry Lapard said, quote,
53:52
tweeting us. He's like, not useful, not an
53:54
inflation hedge. Oh, how do you like them apples,
53:57
Mr. Central Banker? Like keep stealing from us.
54:00
We're going to make you obsolete.
54:01
This is all we have to say. And you can see Bitcoin,
54:04
traditional assets, ROI, you know, 14 years to one year, it's
54:09
outperforming everything because obviously, as we say all the
54:13
time, everything divided by 21 million hard capped,
54:16
permissionless, decentralized censorship resistance, something
54:20
that they cannot steal from you, something that they cannot
54:23
debase. I don't know about Neo Kashkari,
54:26
but that sounds like a use case to me.
54:27
Something that I can send around the world without you guys
54:30
telling me what I can do with that.
54:32
Anyways, let's move on because I'm Nico, I'm going to I'm going
54:35
to match two things together here because we're seeing that
54:39
other people are taking a different view here.
54:41
Now this is coming from the Sydney Morning Herald, this guy
54:45
William Bennett. And this is kind of reminding me
54:48
of 2017 vibes where as Bitcoin starts to hit these
54:52
psychological round numbers, you're seeing people start to
54:55
flip flop and be like, maybe we were wrong about this.
54:58
Maybe Bitcoin isn't Tulip bubble.
55:00
Maybe this isn't a Ponzi scheme. So I want to read a little bit
55:03
of this and then Nico and I will chat about it.
55:04
So here's an opinion piece on the Sunday Morning Herald again.
55:07
And it goes, it's tough to admit it, but I was wrong about
55:11
Bitcoin. And he starts off by saying it's
55:13
time for us Bitcoin skeptics to eat some humble pie.
55:16
We were wrong. And ever since Donald Trump got
55:19
elected or won the US election and is a presidential elect or
55:24
presidential candidate to be, Bitcoin has run up 40% and it's
55:29
flirting at 100K. And again, this is reminding me
55:32
of when Bitcoin first broke the 10K level of Bitcoin.
55:36
And here we go. So more than 4 billion U.S.
55:39
dollars have flowed into ETFs since the election alone.
55:42
And Bitcoin again is the best performing quote sick class up
55:46
more than 130% this year ahead of gold, up 32% and the US
55:51
market up 25%. I don't know, Neil, that sounds
55:54
like a use case to me. Yes, he's saying it's just for
55:56
speculation, but I don't know, maybe there's a use case here
55:59
that is obviously hard for you to understand when it's your job
56:02
to continue to print more paper money.
56:05
So going on some liking Bitcoin to digital gold and a way to
56:08
hedge against a doomsday like scenario in which the US
56:11
government defaults on its debt which is growing at $6.3 billion
56:15
a day. That sounds like a use case to
56:17
me. Neel Kashkar.
56:18
The fundamentals or lack thereof mean that the price of Bitcoin
56:21
is driven by nothing more than sentiment and simple supply and
56:25
demand and I would add economics.
56:27
It's a serious struggle for the non believers like me who
56:30
dismissed crypto as a joke and nothing more than a Ponzi scheme
56:33
best left to the likes of gamblers and criminals.
56:36
But now we are watching like stunned mullets as the price
56:39
increases week after week. And they're going to be even
56:42
more stunned in 2025. It doesn't provide yield, pay a
56:46
dividend or have an inherent physical value.
56:49
It's not accepted as a payment form in many places.
56:51
But in the end, does that really matter?
56:53
Bitcoin has disrupted the world and the finance the same way
56:56
that Trump disrupted politics or social media disrupted news.
57:00
It's all about the vibes, man. We oldies just don't get it.
57:03
And quote, I have not bought crypto and now I feel silly, the
57:07
CEO of Charles Schwab, the largest broker in the US, told
57:10
Bloomberg last week. And and again, this, this whole
57:13
culmination is him trying to wrap his head around what a lot
57:17
of traditional financial people or economic economists would
57:21
think about Bitcoin because, you know, it doesn't have cash flow,
57:23
doesn't pay dividends. It doesn't look like what
57:26
they're used to. They're safe bets that only, you
57:28
know, provide them 6% a year interest.
57:31
We have Bitcoin that is just ripping.
57:33
I forget what the number exactly, but it was what, like
57:36
46% year over year gains on Bitcoin And it doesn't even
57:41
account for the bull runs, which is basically where we're going.
57:43
It's going to blow up. All right, so this is the last
57:45
part I'm going to read. Having never held Bitcoin, I
57:48
don't have any seller's remorse, but a spare a thought for those
57:51
who sold too early. With FOMO reaching excruciating
57:54
levels, I'm finding myself wondering if it's too late to
57:57
change teams and join the crypto Bros whom I once derided and now
58:01
resent. Coming from a trading
58:03
background, I have been both bullish and bearish Bitcoin in
58:06
the past, but right here, right now, I would prefer to be a
58:09
buyer of pullbacks in Bitcoin and over the next week yourself,
58:12
I think we would see a run up towards 110 K before a
58:16
retracement. And then the longer term, a move
58:18
into the 100 and 3000 and 50K range isn't out of the question.
58:24
So it's very interesting that we're seeing, of course, this is
58:28
just an opinion piece. It's not the the corporate press
58:31
out there, but I think this is kind of a culmination of what
58:34
you're starting to hear from Main Street, from just average
58:37
people that as Bitcoin hits the psychological round numbers,
58:41
obviously breaking a 100K, you're going to start to see the
58:44
capitulation happen in real time.
58:46
And yes, of course Neel Kashkari's, you know, job is
58:50
dependent on him being against Bitcoin.
58:52
You're going to see more people start to follow suit.
58:55
And this is exactly what happened in 2017 when Bitcoin
58:58
hit these psychological round numbers.
59:00
The first one of course was 10K and then they hit 20K and then
59:04
later on, you know, we got the 50K60K.
59:07
Now we're in 90K and we're kind of flirting with that 100K line
59:10
right now. And you're starting to see new
59:12
people in the space kind of wonder like, oh, bitcoins over
59:16
it, you know, dropped 6%, bro. Like what's happening?
59:18
Why isn't it going straight up and to the right?
59:21
Well, this is very normal during bull run.
59:23
Bitcoin does have retracements, it does consolidate and then it
59:27
starts ripping. But it is very interesting that
59:30
you're seeing a fork in the road right now where the, you know,
59:33
the unproductive class, those people at the central bank, a
59:37
lot of politicians still are actively fighting Bitcoin.
59:40
When you're seeing the sentiment change on an individual level,
59:44
like I said earlier, I'm seeing a bunch of Tik Toks and
59:46
Instagrams about either people kind of grappling with the
59:49
Bitcoin price. They're starting to kind of be
59:52
bullish on Bitcoin mining. They're like, I just buy a
59:54
computer and, you know, I can make 70K on it.
59:58
Or you're starting to see, you know, some more like shit coin
1:00:02
meme coins trends going on. So you're starting to see, I
1:00:06
think personally, that the cultural zeitgeist is shifting
1:00:09
and now going into 2025 as Bitcoin runs in these crazy
1:00:14
price levels. I think we might be in for, like
1:00:17
Nikka said earlier, Bitcoin entering the mainstream
1:00:20
consciousness and people starting to embrace Bitcoin.
1:00:23
Considering that, you know, the last couple of years, I think
1:00:26
people are the brokest has ever been.
1:00:28
Remember the meme of inflation is transitory and and then
1:00:32
everyone figured out that way. No, I'm actually getting broker
1:00:35
than I've ever been. You know, inflation was one of
1:00:38
the big hot button topics of this election is because people
1:00:42
are broke right now. They understand there's
1:00:43
something wrong with the money inherently.
1:00:45
They might understand it subconsciously, but moving
1:00:49
forward, people are going to start to gravitate towards the
1:00:52
best money, the best performing asset in all of the assets.
1:00:56
Say people want the games. As we always say, you come for
1:00:59
the money and you stay to fix the money.
1:01:01
But it is very interesting, Nico, and it, it is kind of a
1:01:03
good summation of what this show was about where you're seeing
1:01:07
the unproductive class, you know, the the experts out there
1:01:10
fight the truth, whether that's social media, whether that's
1:01:14
news or whether that's Bitcoin. And then kind of the individuals
1:01:18
being like, hey, I get my news from Twitter.
1:01:21
Hey, my money is Bitcoin like I don't, I don't care what you say
1:01:26
anymore. You guys aren't telling me the
1:01:27
truth anyway. So I'm going to do my own
1:01:30
research and I'm going to ape into some Bitcoin and live a
1:01:33
good life. Amen, bro, Beautifully,
1:01:37
beautifully put. And I, I can't help but it and
1:01:40
it like, you know, it's what you said Opti, like if you are guys,
1:01:45
if you are to connect the dots on today's show, like me and
1:01:48
Opti essentially covered the same topic.
1:01:52
He just covered a central banker.
1:01:53
I covered journalism. And it's funny because when I
1:01:56
was covering the first part, I was like, wait a second.
1:01:58
This sounds exactly what the central bank say.
1:02:01
And then again by coincidence, Opti covered the culture and it
1:02:04
was to focus on what the central banks are saying and they're
1:02:07
saying the same shit. It's like we determine what is
1:02:10
the truth. We determine what is money and
1:02:14
essentially what society has allowed is and the Internet has
1:02:19
allowed and social media has allowed is like now you have a
1:02:22
choice. And look, if the choice wasn't
1:02:26
better, I don't think most people would take it.
1:02:29
I think that they would stay with like the status quo.
1:02:32
Problem is when the choice is better.
1:02:35
That's the problem. And that's the problem that
1:02:37
governments are going to have not only with money but with
1:02:40
also information, with X. They're going to have a harder
1:02:43
and harder time propagating certain narratives.
1:02:47
It's going to be a really difficult thing.
1:02:50
And now we're like the public, like the mainstream
1:02:53
consciousness is awake. Their their content creator is
1:02:56
Joe Rogan. It's not MSNBC, right?
1:03:00
So, you know, in that environment, the truth is going
1:03:04
to win. In that environment, it's not
1:03:06
about the narrative. It's about what is actually
1:03:08
happening. And in that environment, that's
1:03:12
exactly where Bitcoin flourishes.
1:03:15
Because if they no longer control the narrative, how you
1:03:19
going to answer this question if you're a government?
1:03:22
Why should I lose money that is designed to lose purchasing
1:03:26
power over time? Why should I lose money that is
1:03:29
designed to steal from me? What is inflation?
1:03:33
Why is inflation necessary? Why do I have to pay taxes on
1:03:40
like, why is it that if I choose to opt out a Fiat and I use
1:03:45
Bitcoin, why in the money that isn't designed to lose
1:03:50
purchasing power do I have to pay capital gain?
1:03:52
I'm not saving in an asset and then selling that.
1:03:56
I'm just using. Why do I have to pay capital
1:03:57
gain? These are very difficult
1:04:00
questions and because of the Internet, they can no longer
1:04:03
gaslight us. So they're going to have to
1:04:06
answer them. And the problem is that there is
1:04:09
no good answer to those questions.
1:04:11
You're going to have to tell the truth.
1:04:13
Look at how that central banker made a fool of himself.
1:04:16
He made a toll a fool of himself.
1:04:18
And look at how that journalist CEO made a fool of himself.
1:04:22
Because you can wait. You can, you can do this with
1:04:25
your hands all you want and you can call Elon a bullshitter and
1:04:28
you call him or whatever. Just answer the question, why
1:04:32
did you guys lie to us? Why did you say that?
1:04:36
Like inflation. I'm just going to cover that
1:04:38
topic, but you guys can connect the dots on your own.
1:04:41
Why did you say that inflation was misinformation?
1:04:44
Why did you say inflation was not real?
1:04:46
Why couldn't you just tell us? And then why couldn't you admit
1:04:51
that you were wrong? Why did you have to paint the
1:04:54
people that were the truth as crazy people?
1:04:57
Why? I don't understand.
1:04:59
That's the problem. It's that not only were you
1:05:03
wrong, you can't even admit that you were wrong because of how
1:05:07
much you sniff your own farts. To put it bluntly, like you
1:05:10
believe so much that you're a central banker, that you're a
1:05:13
journalist. Like central bankers are going
1:05:15
to make mistakes. They're human beings and so are
1:05:17
journalists. But the fact that you can't
1:05:19
admit that you made a mistake makes me question your
1:05:23
legitimacy. And that's the problem is that
1:05:26
people have the ability to opt out of these archaic
1:05:30
institutions, seek alternatives that I think are better.
1:05:34
In my opinion. Opti has this pull up.
1:05:35
Don't you trust this guy, Nika? And instead of the institution
1:05:39
saying like, OK, maybe we got to change like course, no, they
1:05:43
don't say that. They're just like, these people
1:05:46
are, this is misinformation. These people are radical.
1:05:49
These people are crazy. I'm sorry, dude.
1:05:51
That doesn't work anymore, man. That doesn't work anymore.
1:05:54
And like, look, I, I understand like that to me and the
1:05:59
sovereign individual actually talked about this, that to me is
1:06:02
like a bit of a pain point. And I have a lot of empathy for
1:06:05
it. And if your job kind of depended
1:06:09
on these, like the way that society was organized pre
1:06:13
Internet, I have empathy for you.
1:06:15
Like that sucks, but that doesn't mean that you can't use
1:06:19
your skills and your expertise to adapt to the Internet and
1:06:23
make the best out of it. But if you think you're going to
1:06:27
fight the inevitable, like it's not going to happen, you're not
1:06:31
going to win. Like have you seen the the like
1:06:35
the guardian one? Like we're no longer going to
1:06:36
post post on X. It's like OK bro.
1:06:40
Good for you guys. That's wonderful like that,
1:06:42
that's. On no one cares.
1:06:45
Remember when they had the meltdown of like individuals
1:06:48
having the ability to buy blue check Marks and all the
1:06:52
journalists were like, Oh my God, that is terrible, that is
1:06:56
horrible. How could they be on the same
1:06:58
level as us? That's impossible.
1:07:01
Like the central bankers are saying the same shit.
1:07:04
It's the same thing. It's the same message.
1:07:07
We know what's best for you. We get to decide what is the
1:07:12
truth AKA money and you don't. We do.
1:07:17
And then when you speak up, instead of them acknowledging
1:07:21
what you're saying, they just say no, you got to go away.
1:07:23
It's not going to work anymore, man.
1:07:26
It's a crazy brave new world. But I'm all for it and I think
1:07:29
it's going to be a better world. We are getting to the top of the
1:07:35
hour. Today's show did pretty well.
1:07:37
505 live on YouTube. Shout out to all you guys.
1:07:41
Shout out to the the almost 100 of you guys watching on Rumble.
1:07:44
And of course, shout out to the 2000 of you guys watching live
1:07:47
on X. If you guys enjoyed the show,
1:07:50
smash that like button, consider subscribing if you feel like we
1:07:53
provided you value. And of course, number one thing
1:07:55
you could do to help push the peaceful Bitcoin revolution is
1:07:58
share Bitcoin content. We'll be back tomorrow for
1:08:01
another episode of Simply Bitcoin Live.
1:08:06
You buy bitcoinwell.com, a Bitcoin only platform, on a
1:08:09
mission to enable financial independence.