Latest / Simply Bitcoin / Multiple Trillion Dollar Banks to Adopt Bitcoin SOON! | EP 1153

Transcript

Multiple Trillion Dollar Banks to Adopt Bitcoin SOON! | EP 1153 · Simply Bitcoin

• 0:00
  Yo, a three $3 trillion banks have all coincidentally said
• 0:07
  something incredibly bullish about Bitcoin.
• 0:10
  Why did all these banks come out quietly announce quietly
• 0:14
  announce their Bitcoin plans while everyone else was
• 0:17
  distracted about the new year? Does it have to do with the
• 0:21
  incoming Trump inauguration this month?
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  Charles Schwab is the largest brokerage firm by assets under
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  management with 10 .31 trillion dollars and their incoming CEO
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  said the quiet parts out loud and the video we're about to
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  play for you guys Before we talk about the two other multi
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  trillion dollar banks. What did they say about Bitcoin?
• 0:43
  Well, let's play the clip. Let's check it out.
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  You know, we never like to judge what people want to invest in.
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  People on our platform we think are very thoughtful investors,
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  very sharp. They make decisions about what
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  they want to invest in and, and crypto has certainly caught
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  many's attention and and and and they've made a lot of money
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  doing it. I have not bought crypto and now
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  I feel so. Ladies and gentlemen, that was
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  the CEO of Charles Schwab. Again, I said Charles Schwab is
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  the largest brokerage firm by far.
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  This is where all the wealthy boomers, if you have a lot of
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  stocks, if you have a lot of investments, you are probably
• 1:23
  using Charles Schwab as your brokerage firm.
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  My father-in-law is a huge fan of Charles Schwab and that was
• 1:29
  the CEO basically admitting, you know what, it's kind of silly
• 1:32
  that I didn't buy Bitcoin. So before we get to the Charles
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  Schwab news, which I think is is enormous, it's huge.
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  Morgan Stanley just announced this article dropped 19 hours
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  ago. Moles adding crypto to E*Trade I
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  believe E*Trade is a platform that Morgan Stanley owns.
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  Morgan Stanley, one of the world's largest asset managers,
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  is considering adding cryptocurrency to its E*Trade
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  online brokerage platform, according to a January 2nd
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  report by The Information. The wealth manager reportedly
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  cited expectations of a friendlier crypto regulatory
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  environment under United States President-elect Donald Trump as
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  a key consideration. I'm going to continue repeating
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  and echoing this point that I've been making over the last couple
• 2:22
  of months. Elections have consequences.
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  Trump has promised to appoint industry friendly leaders to key
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  regulatory agencies and make the US quote the world's crypto
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  capital. The plans would make E*Trade one
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  of the biggest traditional retail brokerages to add support
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  for crypto trading, potentially creating meaningful competition
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  for incumbent platforms such as Coinbase.
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  When companies compete for your business, better said, when
• 2:51
  companies compete to sell your Bitcoin.
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  When companies compete to buy your Bitcoin, you as the
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  individual when you frant ran Wall Street, if you bought
• 3:01
  Bitcoin before 2024, I would even say if you bought Bitcoin
• 3:05
  2024 was your first year that you bought Bitcoin you frant ran
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  Wall Street and 2025 I believe is going to continue this trend
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  of mass scale worldwide institutional adoption.
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  I mean Morgan Stanley that is enormous news.
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  It continues to say Morgan Stanley bought E*Trade in 2020.
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  The brokerage 5.2 million accounts collectively hold
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  approximately 360 billion. But I would say that the real
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  signal here is buried in this article.
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  They buried the lead a little bit.
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  Brokerage firms embrace crypto. Other traditional retail
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  brokerages offering crypto in trading include Robin Hood,
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  Fidelity, and Interactive Brokers.
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  Now, what's really interesting about Robin Hood is that Robin
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  Hood actually has allowed Bitcoin withdraws.
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  So they're not just selling paper Bitcoin, they're not just
• 3:58
  selling captured Bitcoin like we like to call in the community.
• 4:01
  Now, you could buy Bitcoin on Robin Hood and you can withdraw
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  it. And just as PayPal was
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  essentially forced to add withdraws, just as Robin Hood
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  was forced to add withdraws because Cash App had withdraws
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  again. And this is, this is the Bitcoin
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  game theory playing out incentives.
• 4:18
  This is why Bitcoin ultimately is going to win.
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  And this is something that I want you guys to internalize.
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  Bitcoin is going to win because incentives are more powerful
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  than coercion. Now here's the signal out of
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  this entire article, Charles Schwab.
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  And we played you guys the video of the CEO basically admitting,
• 4:35
  holy cow, maybe I should have bought Bitcoin.
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  Charles Schwab reportedly also plans to add crypto trading this
• 4:42
  year, according to Bloomberg. Let's check out the article from
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  Charles Schwab. This is from November of 2024,
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  says Charles Schwab, incoming Ceoi have I have not bought
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  crypto and now I feel silly. Wick Werster, the incoming CEO
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  of banking and investment giant Charles Schwab, said the company
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  plans to offer spot crypto trading once regulations in the
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  United States make it easier. What happened?
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  Donald Trump won the election. He has also admitted to feeling
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  silly that he silly that he has yet to purchase any digital
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  assets. I, I read you guys the quote,
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  quote, crypto has certainly caught a tent, caught many's
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  attention and they've made a lot of money doing it.
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  Quote, I have not bought crypto and now I feel silly.
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  So let's kind of break it down here.
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  Why is this happening? Do you believe that the CEO of
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  Charles Schwab, the largest brokerage firm by far with $10.3
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  trillion assets under management, do you think they're
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  all doing this out of the goodness of their heart?
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  No, they see the writing on the wall, they see Larry Fink
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  preaching Satoshi's gospel and legacy financial media.
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  They see Coinbase, they see Robin Hood, they see Cash App
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  and they're like, wow, if we don't get on this train, we're
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  going to get left behind. If we don't offer this to our
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  clients, they're potentially going to leave Schwab and
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  they're going to seek Bitcoin on other alternative platforms.
• 6:11
  And this is Bitcoins game theory playing out, by the way.
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  It's not just Charles Schwab, it's not just Morgan Stanley and
• 6:20
  E*Trade. Here is a tweet thread by
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  Franken Templeton Digital Assets.
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  It goes on to say in 2025, the crypto landscape will likely see
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  pivotal advancements shaped by regulatory clarity,
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  institutional adoption and technological evolution.
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  We believe that this will be led by US regulators such as the
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  SEC. And remember, Gary Genzer is
• 6:44
  quitting the day of Donald Trump's inauguration, which is
• 6:48
  January 20th, which is in 17 days.
• 6:51
  Also, I found out today I will be at the inauguration.
• 6:54
  Hopefully I'll give you guys, I'll get you guys some footage.
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  Me and Ruston will be there. So that should be quite
• 6:59
  interesting. Anyways, it goes on to say we
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  believe that this will be led by US regulators such as the SEC
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  enabling more diversified financial and investment
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  products associated with crypto such as ETFs or tokenized
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  security products. Favorable regulation will allow
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  the US to reestablish itself as a global hub for crypto
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  innovation. We will see major trad 5 players
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  in crypto infrastructure begin to intersect a stable coin
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  regulatory framework in the US is anticipated and we will open
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  doors for major financial institutions to issue their own
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  stable coins. Remember the person who was just
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  named the Secretary of Commerce, Howard Lutnick is actually
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  manages his firm. Counterfeitzgerald actually
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  manages a lot of Tethers assets. Tether is I believe the 8th or
• 7:51
  9th largest buyer of U.S. Treasuries.
• 7:54
  It goes on to say tokenized products and stablecoin adoption
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  will continue to expand and be major drivers of decentralized
• 8:01
  finance growth globally. Bitcoin will solidify its
• 8:05
  position as a global financial asset acting as a digital store
• 8:09
  of value, accelerated by sovereign and institutional
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  adoption. We expect to see strategic BTC
• 8:16
  reserves added by several nations.
• 8:19
  That is insanity. Decentralized physical
• 8:22
  infrastructure networks will see heightened demand as industries
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  prioritize the central, decentralized and efficient
• 8:29
  solutions for real world applications like logistics and
• 8:33
  the Internet of Things. We will see the convergence of
• 8:36
  AI and crypto accelerate with block chains providing
• 8:39
  transparency and verification pivotal for expanding the AI
• 8:43
  driven economy. AI agents will utilize
• 8:46
  blockchain rails to automate on chain transactions and portfolio
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  management, as well as merging digital content and social media
• 8:54
  with on chain activities. Overall, 2025 will mark a shift
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  from speculation to utility as cryptos foundational
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  technologies become integral to global financial and operational
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  systems. Stakeholders should watch
• 9:08
  regulatory developments, institutional moves, and
• 9:11
  advancements in AI, crypto convergence to navigate this
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  dynamic, dynamic landscape. And again, it reminds me of this
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  awesome prophetic article written by Alex Gladstein.
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  And it was actually written back in April 15th of 2021.
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  The name of the article is Bitcoin as a Trojan Horse for
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  Freedom. And I have to give a little bit
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  of context here. Do you believe that Tradfi or
• 9:35
  government or regulators are doing this out of the kindness
• 9:38
  of their heart? Absolutely not.
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  They're doing it because they cannot resist Bitcoin's number
• 9:45
  go up technology. It goes on to say the Trojan
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  horse has been popularized in computer science as a malicious
• 9:53
  program disguised as a helpful update.
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  But it is also an effective metaphor for how Bitcoin
• 9:58
  stealthily co-ops actors who do not care about or do not like
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  freedom to promote it anyway. And the meme begins with wealthy
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  individuals, corporations, what we're seeing that and soon
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  governments. This was written in 2021.
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  We're already at the government phase which see Bitcoin as
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  glittering digital gold out of self preservation keyword there,
• 10:20
  right. You heard the trial Schwab CEO
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  basically saying, you know, I kind of feel dumb.
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  We're going to add this. It's out of self preservation
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  and greed. And they're incentivized to buy
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  mine or one day tax this new prize to accumulate the soundest
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  money and gain an advantage over their rivals.
• 10:39
  Bitcoin does, after all, on an on it, on its exterior look very
• 10:44
  appealing. It is the best performing
• 10:45
  financial asset in the world over the past 12 years.
• 10:49
  Fast forward four years. Happy birthday, by the way,
• 10:52
  Bitcoin. Happy birthday, Bitcoin.
• 10:53
  It's six turns 16 today. And this is, I think the most
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  important part of this whole article, which I highly suggest
• 11:01
  you read it. It's posted by friends over at
• 11:03
  Bitcoin magazine. It goes on to say Bitcoin is not
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  just number go up technology. Hidden behind the eye popping
• 11:10
  gains is a powerful freedom go up technology that it's new
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  adopters are knowingly or not pushing forward.
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  Key part number go up and freedom go up are inextricable.
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  Inextricable meaning that you cannot disconnect the two.
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  This is why it's a Trojan horse for freedom.
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  ANYWAYS, I'm joined here by my legendary Co host who's always
• 11:33
  optimistic optimist fields starting out with a very strong
• 11:37
  intro but dude, absolutely bullish.
• 11:39
  And I'm going to say it one more time and you guys are going to
• 11:42
  end up hating me by the end of the year.
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  But I'm going to keep, I'm going to keep saying this over and
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  over and over and over again. Elections have consequences.
• 11:53
  We got so much heat last year for the last couple of months
• 11:58
  where we were forced, where we tried to stay down the middle,
• 12:01
  we tried to stay neutral. But as soon as they arrested the
• 12:05
  Samurai wallet developers, we felt as a Bitcoin media
• 12:09
  organization that we had to speak up and say, you know what,
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  the Orange man and the Republican Party, they're making
• 12:16
  it part of their official party platform.
• 12:18
  And you know what, I don't think Bitcoiners or the Bitcoin
• 12:21
  industry would have gotten involved in politics.
• 12:24
  This was all an unintended consequence of the BIND
• 12:28
  administration attacking our industry for the last five years
• 12:32
  with the so-called Operation Choke Point 2.0, the 30%
• 12:37
  proposed Bitcoin mining attacks, the attack on self custody and
• 12:42
  the arrest of multiple Bitcoiners.
• 12:45
  Whether it's Roger Ver, whether it's CZ, whether it's Arthur
• 12:49
  Hayes, whether it's the Samurai wallet developers, whether it's
• 12:53
  the Tornado Cash. They did not want our industry
• 12:56
  to survive because they wanted to create a monopoly for a
• 13:00
  central bank digital currency. So I'm going to reiterate it.
• 13:04
  Elections have consequences and now we are feeling the benefits
• 13:09
  of of, you know, a pro Bitcoin administration winning.
• 13:13
  If you guys haven't seen the speech of Donald Trump's son,
• 13:17
  Eric Trump, he made a speech at Bitcoin MENA, the first Bitcoin
• 13:21
  conference in Abu Dhabi, thrown by again, our friends over at
• 13:25
  BTC Inc AKA Bitcoin magazine, where he literally understood
• 13:30
  Bitcoin to the core. And we all have to remember that
• 13:33
  is the president's son saying those things about Bitcoin.
• 13:37
  Of course, you remember the two truth posts, true truth social
• 13:42
  post made by Donald Trump celebrating Bitcoin reaching
• 13:46
  100K number one. And #2 of course was celebrating
• 13:52
  Bitcoin's birthday, which was pretty historic.
• 13:55
  Like I could never have imagined that in a million years.
• 13:59
  So Apti, I want to get your thoughts on this.
• 14:00
  This is extremely bullish. Charles Schwab is a pretty
• 14:03
  conservative brokerage. Again, higher net worth
• 14:06
  individuals and that tends to be the older generations, you know
• 14:10
  the boomers, the Gen. Xers, this is the brokerage
• 14:12
  platform that they use to buy stocks.
• 14:14
  And my father-in-law, this is the brokerage firm that he uses
• 14:18
  to buy stocks. And one of the first things that
• 14:20
  he told me when I was pitching in Bitcoin, he's like, can I buy
• 14:23
  it on, can I buy it on Schwab? Well, now he can apparently or
• 14:26
  very, very soon. So this is this is insane news.
• 14:30
  This is massive news. And again, they have $10.3
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  trillion assets under management.
• 14:37
  If just a small percentage of that reallocated, it's the
• 14:40
  Bitcoin, I think it's a huge deal.
• 14:42
  And if MicroStrategy keeps performing the way it has been
• 14:45
  performing, especially in 2024, I mean, 2025 is lined up for
• 14:51
  pure, pure fireworks in terms of Bitcoin adoption.
• 14:55
  And of course, fireworks. Anyways, guys, there's almost
• 14:58
  500 of you guys watching live on YouTube and X or sorry, just on
• 15:03
  YouTube between all platforms. We're at 1500 live viewers and
• 15:07
  of course, our Rumble audience coming in hot with almost 100
• 15:11
  live viewers. If you guys are enjoying the
• 15:13
  show so far, make sure to smash that like button really, really
• 15:19
  helps with the algos. Opti, what are your thoughts on
• 15:23
  everything that's happening? I mean, dude, Trump did promise
• 15:27
  this in his speech in Nashville. You guys are going to get tired
• 15:29
  of winning so much winning. It feels good.
• 15:33
  It feels good. And, and I'll say one more thing
• 15:35
  Bros and gals that are watching. He did promise this in
• 15:39
  Nashville. He said if I win, the election
• 15:41
  number will go up. And I just find it hilarious
• 15:45
  that he took credit for 100K in a way.
• 15:48
  Like I know Bitcoin would have hit 100K regardless, but in a
• 15:52
  way he was kind of right. So I find that absolutely
• 15:55
  hilarious. Opti, what's your take on all
• 15:57
  this amazing bullish news? Yeah, well, it is very
• 16:01
  interesting to see three huge banks starting to at least be
• 16:05
  bullish on Bitcoin. I think as a Bitcoiner, we knew
• 16:08
  this is eventually going to happen.
• 16:10
  In 2024 was one of those years, like I've been saying for the
• 16:13
  last couple of months, that was one of those foundational years
• 16:16
  where Bitcoin does start to infiltrate trad fight.
• 16:19
  I was actually joking with you this morning while we were
• 16:21
  they're setting up the show is like, did Bitcoin infiltrate
• 16:24
  Tradfire or is tradfy infiltrating Bitcoin?
• 16:27
  And I think that's the real, real conversation happening
• 16:29
  right now is, you know, again, I'm the reigning tinfoil hat guy
• 16:33
  on the show. So anytime I see the incumbent
• 16:36
  start to embrace Bitcoin, it starts to get my Spidey senses
• 16:40
  tingling right now. And we're seeing that this is
• 16:42
  the case as we are entering, you know, where what, 617 days out
• 16:47
  from Trump essentially taking office in the US.
• 16:52
  And we've, we've heard them talk about what they're going to do
• 16:55
  with Bitcoin. They, they had this friendly
• 16:56
  stance on Bitcoin and they're also talking about the SPR
• 17:00
  strategic Bitcoin reserves, etcetera.
• 17:02
  And so we're seeing that a lot of people are getting very
• 17:05
  bullish on Bitcoin considering that we are, you know, for for
• 17:09
  all intents and purposes, going to get more regulatory clarity.
• 17:12
  We're going to essentially get an administration that's going
• 17:15
  to embrace Bitcoin versus the administration that we've been
• 17:17
  dealing with for the last four years that have been actively
• 17:20
  fighting Bitcoin. And so you're seeing that all of
• 17:22
  the speculation are, are starting to come to to a point
• 17:27
  now where everyone is, is starting to at least speculate
• 17:30
  that, hey, if Trump basically follows through on a lot of the
• 17:33
  things you're saying, if the Republican Party starts to
• 17:35
  follow through with everything that they're saying.
• 17:37
  Obviously, we know some of the pics that they've chosen in the
• 17:39
  administration are pro Bitcoin, or rather at this point more pro
• 17:43
  crypto. We're seeing that we are
• 17:45
  probably going to get very favorable regulations in the US
• 17:50
  and that is obviously going to cause ripples around the world.
• 17:53
  Whatever the US does on a cultural level, it's going to
• 17:56
  make waves around the world. And we're, we're still the
• 17:59
  leaders in, you know, I know a lot of people in the chat will
• 18:02
  say, like, what's the US leading in?
• 18:03
  Like what, how has America ever been great?
• 18:05
  And it's like, look, we set the cultural footprint here.
• 18:08
  So if America comes out extremely bullish on on Bitcoin,
• 18:13
  then every other country's going to follow suit.
• 18:16
  And this is a first mover thing. This is a game global game
• 18:19
  theory playing out right now where hey, if the biggest nation
• 18:22
  in the world is bullish on Bitcoin, they add favorable laws
• 18:25
  for Bitcoin, then everyone to compete will have to follow
• 18:28
  suit. So we're seeing right now that
• 18:30
  the biggest banks in the world, obviously as Bitcoiners are
• 18:33
  starting to feel a little bullish.
• 18:34
  Hopefully we don't get rug pulled on that front, but it is
• 18:37
  a very interesting conversation going forward, especially right
• 18:40
  now with this whole strategic Bitcoin reserve mean playing
• 18:43
  out. It is very interesting to see.
• 18:45
  And and you brought up the Trojan horse for freedom
• 18:48
  article, which I think is, is a conversation that we should all
• 18:53
  be having right now is like, look, we're seeing nation states
• 18:55
  around the world start to embrace this strategic Bitcoin
• 18:59
  reserve meme. And it is very interesting
• 19:02
  whether we're going to see them, you know, put some regulation
• 19:05
  where it's going to be harder for us to transact as a
• 19:08
  currency, but they will put it on their balance sheet.
• 19:11
  So I think these are the things we should be kind of talking
• 19:13
  about and, and at least thinking through, but we have about 17
• 19:17
  days to see what goes on. And, and I, I am cautiously
• 19:20
  optimistic. I think we, we will see some
• 19:22
  favorable regulation around Bitcoin in the US.
• 19:26
  And, and I'm really hoping that we essentially well, rather that
• 19:30
  the administration coming in just kind of gets out of our way
• 19:33
  and, you know, let Bitcoin do what it does and, and hopefully
• 19:36
  more, more companies come back to the US, hopefully the
• 19:39
  lightning wallets come back to the US, etcetera.
• 19:41
  So I'm, I'm cautiously optimistic for the next 4 years.
• 19:44
  I, I really want to just see the US government essentially get
• 19:48
  out of our way, let Bitcoin do its thing and stop fighting us.
• 19:51
  And I think that would be better not only for bit corners in the
• 19:55
  US, but for bit corners around the world.
• 19:57
  And so this is what I'm seeing. And you're seeing the dominoes
• 20:00
  fall. If if these big banks are being
• 20:02
  bullish on Bitcoin, then they are also seeing what we're
• 20:05
  seeing where it looks like the Trump administration is
• 20:08
  essentially going to put in some laws or policies that are going
• 20:12
  to be favorable for Bitcoin. And with that though, guys, it
• 20:15
  might unleash shit coin. So I don't know you know, I
• 20:19
  think this is this is taking the good with the bad.
• 20:22
  But hey, where Bitcoin is here, you should only be buying
• 20:24
  Bitcoin. Everything else is hot dog shit.
• 20:27
  So just keep buying Bitcoin, keep taking it into cold
• 20:30
  storage. This is the way.
• 20:31
  This is how we win a. 100% I think that's a really, really
• 20:34
  good point. See it a lot of you guys in the
• 20:37
  chat asking about Noster. Yes, we stream on Noster all the
• 20:40
  time. Check out our our Primal Go, go
• 20:44
  to primal.net/simply Bitcoin. We're uploading all our content
• 20:48
  there. We're streaming there as well.
• 20:50
  Of course, we want to support decentralized protocols for
• 20:55
  sure, but guys, if you guys are enjoying the show so far, we
• 20:58
  already have 150 likes. Help us break 200 likes within
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  the first half hour of the show and shout out to the 562 of you
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  guys just watching live on YouTube and almost 2000 live
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  viewers across all platforms. Before we start the show, I do
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  All right, everybody, let's start the show.
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  We have tons to talk about. Let's hit the numbers.
• 22:58
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  At the time of recording, the Bitcoin price is $98,140.00
• 24:54
  Block height 877,665 sats per dollar 1019 market cap 1.9 4
• 25:02
  trillion Bitcoin verse gold market cap 10.57% Percentage
• 25:07
  issued 94.31% Decline from all time high -9.4% realized
• 25:13
  monetary inflation 1.1%. The grand scheme of things, we
• 25:18
  are just getting the party started.
• 25:21
  Anyways, going back to this idea of a strategic Bitcoin reserve,
• 25:26
  here ladies and gentlemen, is Michael Saylor.
• 25:29
  Seems like Michael Saylor went on the programmage to Mar a
• 25:33
  Lago. Mar a Lago is Donald Trump's
• 25:36
  famous estates in Palm Beach, FL.
• 25:40
  They call it the Winter White House.
• 25:43
  And here is Michael Saylor with Eric Trump.
• 25:45
  Eric Trump is Donald Trump's son and Eric Trump was the was
• 25:50
  Donald Trump's son who made that epic speech at Abu Dhabi.
• 25:54
  So I mean absolutely historic. What do you think they talked
• 25:57
  about like right in between the lines.
• 25:59
  Come on now, two friends, one passion Bitcoin at sailor.
• 26:04
  Like come on now. If you don't believe me, you
• 26:06
  don't get it. I don't have time to convince
• 26:08
  you. Sorry.
• 26:09
  Satoshi on strategic Bitcoin reserve and this was tweeted by
• 26:12
  David Bailey. David Bailey is the CEO of BTC
• 26:16
  Inc BTC Inc is the owner of the Bitcoin conference and Bitcoin
• 26:20
  magazine. David Bailey played a huge role,
• 26:22
  a pivotal role and getting Donald Trump to appear at the
• 26:27
  historic Bitcoin 2024 conference in Nashville.
• 26:31
  Could you imagine the conversations that are
• 26:34
  happening, you know, that are happening in the back rooms?
• 26:39
  Like, I mean, come on now. Like, you know, you know what
• 26:42
  they're talking about. You know what Taylor's talking
• 26:45
  about. So, yeah, I mean, it's, it's
• 26:48
  incredibly, incredibly obvious. And you know that I saw some of
• 26:53
  the, I saw some of the Poly market odds in regards and I
• 26:59
  think it's up to 40% that this is going to happen.
• 27:03
  Here is Mike Novogratz and Mike Novogratz essentially said
• 27:07
  exactly what I said yesterday when we were playing you, the
• 27:11
  clips from Samson Mao from sailors historic New Year's, New
• 27:16
  Year's, New Year's party at his Miami estate.
• 27:19
  I said if they make Bitcoin a strategic reserve, we are going
• 27:23
  to see half $1,000,000 or $1,000,000 Bitcoin next this
• 27:28
  year. I keep saying next year because
• 27:29
  I think it's 2024 this year we will see that because you're
• 27:33
  going to see a FOMO on a nation state level the likes of which
• 27:37
  Bitcoin in the world has never seen before.
• 27:39
  So I'm going to play a part of this clip and then we'll talk
• 27:42
  about it. I want to get back to crypto
• 27:43
  here, and I want to talk about the possibility of a Bitcoin
• 27:46
  strategic reserve. You think about this rally that
• 27:48
  we're seeing in Bitcoin, which is one of the purest supply and
• 27:52
  demand markets. And one of the reasons I keep
• 27:55
  hearing is that there's a lot of optimism that we could see the
• 27:58
  United States government by up to 1,000,000 worth of Bitcoin.
• 28:01
  Now that you do have all these crypto advocates in Congress,
• 28:05
  are you confident that we could see something like that?
• 28:08
  I still think it's a low probability, right?
• 28:11
  You know how Congress works. The House gets excited or the
• 28:14
  executive gets excited and the Senate says, calm down, right?
• 28:18
  That's the role of the Senate. And while the Republicans
• 28:22
  control the Senate, they don't have 60 seats.
• 28:23
  They don't have close to 60. And so listen, I think it would
• 28:27
  be very smart for the United States to take the Bitcoin they
• 28:30
  have and maybe add some to it and say we want to show the
• 28:33
  world that we're going to be a technology first country, a
• 28:38
  crypto digital asset first country.
• 28:42
  I don't necessarily think the dollar needs anything to back it
• 28:45
  up. We have the strongest military
• 28:47
  in the world. We have the dominant economy in
• 28:51
  the world and the reserve currency we've earned.
• 28:55
  And to need to back up the reserve currency is
• 28:58
  counterintuitive. And so again, I listen.
• 29:02
  If we get the Bitcoin Reserve, and as a guy that owns a lot of
• 29:04
  Bitcoin, I will not cry. And if you see me crying,
• 29:09
  there'll be crocodile tears. I think Bitcoin heads to 500,000
• 29:14
  again. It's a, it's a whole different
• 29:16
  paradigm because it forces every other country and countries are
• 29:18
  already buying it. I've got a dear friend, the guy
• 29:21
  that actually turned me on to Bitcoin in 2013, who's in the
• 29:24
  Mideast right now. And he said he's never seen
• 29:26
  anything like it. He's, he's convincing more
• 29:29
  people to buy Bitcoin in the three days he's been there than
• 29:32
  anytime in his whole career. And they're huge pools of
• 29:35
  capital. And so we're seeing something
• 29:37
  globally when Trump advocated in Nashville that he was going to
• 29:42
  be a crypto president, a Bitcoin president, and now he's the
• 29:45
  president. Let me tell you, other leaders
• 29:48
  heard that. And so I think we're we're,
• 29:51
  we're strapping in for what could be an amazing rally.
• 29:53
  I want to get back to your point on, you know, hyperinflation,
• 29:57
  Mike, or at least more than 4%. I look at a longer term chart of
• 30:02
  Bitcoin, say five years and in that run up post or during
• 30:08
  COVID, I always see an inflation indicator here.
• 30:12
  I know that there was a lot of helicopter money that helped out
• 30:15
  as well as people being home with nothing to do.
• 30:18
  But to me it was an indication that at least this community saw
• 30:23
  massive inflation coming and that was borne out.
• 30:26
  Do you not see the most recent run up as the same sort of
• 30:30
  signal? Yeah, I listen.
• 30:32
  So when the government's printing as much money as they,
• 30:34
  I mean, the Bitcoin narrative, the only narrative really for
• 30:37
  Bitcoin is it's a hard asset in a world where you're going to
• 30:40
  debase Fiat currencies. Like that's the story.
• 30:43
  Forget any other story. Like, you know, when Bitcoin
• 30:47
  they say, well, we're going to be level twos and we're going to
• 30:49
  do NFTS on it. I always think that just
• 30:51
  confuses the story. My eyes glaze over.
• 30:53
  Yeah. The story is digital gold.
• 30:56
  It is a hard asset that's believed to be a hard asset by
• 30:59
  the people that participate in its community.
• 31:02
  And it's really hard in a world of populism, not just in the
• 31:05
  United States, all over the world, for governments to not
• 31:09
  want to spend more. And every single government is
• 31:12
  spending more than they take in. But but but like, isn't that run
• 31:15
  up to 500,000? I mean, if it happens in the
• 31:17
  short term without a strategic Bitcoin reserve, it's going to
• 31:22
  mean 678 million percent inflation.
• 31:26
  Let me be really clear. I don't want it to happen in the
• 31:29
  short term unless there's a Bitcoin strategic reserve,
• 31:32
  because that's a different story.
• 31:33
  Then it's just a scramble. It's a, it's a crazy scramble to
• 31:36
  to get the hot commodity. If it would happen naturally, it
• 31:39
  means we're starting to have hyperinflation and then we start
• 31:43
  to lose civil society like in. I had myself needed.
• 31:48
  I'll leave it at that, but I think, you know, in that that
• 31:53
  thing, there's a couple things that I want to break down.
• 31:55
  And guys, we're going to talk a little bit more about American
• 31:58
  politics because this is the separation of money and state,
• 32:02
  and you guys going to get well versed in essentially how all of
• 32:06
  this stuff works. So issue #1 I completely agree.
• 32:09
  I said this yesterday, if a strategic Bitcoin reserve
• 32:13
  happens, we will see half $1,000,000 Bitcoin this year.
• 32:16
  I'm extremely confident of that. I asked you guys in the poll on
• 32:20
  YouTube right now, there's almost 700 you guys watching
• 32:22
  live. What do you think will be the
• 32:24
  Bitcoin all time high in 2025? Forty, 3% of you guys think it
• 32:28
  will reach 300 K and about 16 of 16% of you guys believe it will
• 32:34
  be reach at least 150. Currently there's 205 votes.
• 32:37
  So put your your, your vote while the poll is live.
• 32:40
  And the second thing that I wanted to address, let's talk
• 32:44
  about this. So this is the way that American
• 32:46
  politics works, right? There's the House of
• 32:48
  Representatives when you pass legislation, all you need is a
• 32:53
  majority. So with a majority vote in the
• 32:57
  House, which the Republicans currently control, Bitcoin is
• 33:00
  part of the official Republican Party.
• 33:02
  That's all you need. However, in the Senate, even
• 33:05
  though the Republicans control the Senate, I believe they have
• 33:07
  53 or 54 seats for it. For a, a bill to pass the
• 33:12
  Senate, and this was by design by the founders to protect the
• 33:16
  minority, you need actually 60 votes for it to be filibuster
• 33:21
  proof. So essentially even if they get
• 33:24
  a 53 vote majority, I, I don't even know if some Republican
• 33:27
  senators are on board, they still need at least 60 votes in
• 33:32
  the Senate for it to pass a filibuster.
• 33:35
  If someone is going to filibuster the strategic Bitcoin
• 33:37
  reserve, now what what I think is going to happen as well is
• 33:42
  like it's really going to expose people on where they stand.
• 33:47
  It's going to expose Congress men and women on the Democratic
• 33:52
  Party and it's going to expose senators in the Democratic Party
• 33:56
  against who is against the people's money, who is against
• 34:00
  Bitcoin. I believe and I don't, I don't,
• 34:02
  I'm not the only one that believe this.
• 34:04
  We played you guys a video of Anthony Scaramucci yesterday
• 34:07
  basically saying that there are some Democratic senators that
• 34:10
  would support this, that would vote for this.
• 34:13
  So I don't think it's monolithic.
• 34:15
  And then it begs the question, like, why is the Democratic
• 34:18
  Party against a, a, a currency that protects the lower and
• 34:22
  middle classes the most from the ravages of inflation?
• 34:26
  I think that's a very, very important question to ask,
• 34:29
  right? Realistically speaking, Trump
• 34:32
  has two years to pass this bill, the strategic Bitcoin Reserve,
• 34:37
  because what tends to happen 75% of the time is that the
• 34:41
  incumbent party loses during the midterms.
• 34:45
  So there's a high probability that the Republicans will lose
• 34:49
  the House during the midterms and possibly the Senate during
• 34:53
  the midterms as well, leaving only them, the executive branch.
• 34:56
  Now, Trump could do a lot with executive power.
• 34:59
  I think he will, but there's only so much if you want a bill
• 35:03
  to survive the test of time to remain, regardless of who's
• 35:07
  president, you want it to get past through the legislative
• 35:12
  branch of government, which is the House of Representatives and
• 35:15
  the US Senate. So we're going to be we're going
• 35:17
  to be on top of all this stuff. We're going to be educating you
• 35:20
  guys on US politics on how this works.
• 35:23
  Guys, at the end of the day, fundamentally, this is a
• 35:25
  separation of money and state. Inherently, it was going to get
• 35:28
  political. We've been telling you guys this
• 35:30
  for the last four months or so. Ideally, Bitcoiners want the
• 35:34
  world of the sovereign individual where politics no
• 35:36
  longer matter because the money of the the separation of money
• 35:40
  and state has completed. But during the transitionary
• 35:43
  period, unfortunately, Fiat politics will play a large role,
• 35:48
  as we've seen with the consequences of this last
• 35:51
  election. I mean, look at all that's
• 35:53
  happened, right? And he's not even sworn into
• 35:55
  office yet, 17 days away. Hopefully we're going to get you
• 35:58
  guys some on the ground footage of the historic inauguration of
• 36:02
  the first pro Bitcoin administration.
• 36:05
  And we're also going to hold Trump accountable to see if he
• 36:08
  keeps his promise of freeing Ross Ulbricht.
• 36:12
  Opti, what's your take on Mike Novogratz?
• 36:16
  Do you think he has removed his Luna tattoo by now?
• 36:20
  Well. That was that was literally
• 36:23
  going to be my first thought. Like anytime Mike Novogratz
• 36:26
  talks, all I can think about is how's that Luna tattoo doing?
• 36:29
  That's the only thing I ever think when I hear Novogratz
• 36:31
  talk. But suffice it to say, I do kind
• 36:35
  of agree with him at one point. Personally, I think Bitcoin is
• 36:39
  going to do what Bitcoin does with or without the strategic
• 36:41
  Bitcoin reserve. I'm still very entrenched in the
• 36:45
  halving cycle theory and the halving cycle mean that it's
• 36:48
  really about the halving cycles, that that's what's driving the
• 36:51
  Bitcoin price. But things are changing right
• 36:54
  now and it is becoming very interesting to hear all these
• 36:57
  conversations. I think that is the the defining
• 37:00
  point right here is that ever since Trump did come out and
• 37:02
  talk about Bitcoin, it is making ripples around the world.
• 37:06
  And I think one thing that Novogratz did say that is very
• 37:08
  interesting and we have been hearing rumors about this for
• 37:11
  the last couple of weeks, is that entities and individuals in
• 37:15
  the Middle East are becoming extremely bullish on Bitcoin.
• 37:18
  And remember, we played the clip of the Metaplanet CEO and
• 37:21
  everyone is kind of saying the same thing that they know for a
• 37:24
  fact people are stacking big chunks of Bitcoin in the Middle
• 37:28
  East and they might just be waiting until Trump comes out
• 37:31
  and announces an SBR. So it is it's very interesting
• 37:34
  to hear these conversations play out.
• 37:37
  And also, you know, sailor at Mar a Lago, I think is also very
• 37:41
  interesting. I, I know a lot of people in the
• 37:42
  chat have been saying that, oh, Trump doesn't understand
• 37:45
  Bitcoin. They're just pandering to
• 37:47
  Bitcoiners. The the crypto PAC paid a lot of
• 37:50
  money and hence why they're pandering to Bitcoin.
• 37:52
  But then we hear his kids are very bullish on Bitcoin.
• 37:56
  So you see that there is this, I don't know how you'd call it,
• 38:00
  like symbiotic relationship here where Trump's children are
• 38:03
  becoming extremely bullish on Bitcoin, which you could
• 38:06
  probably argue it's starting to get to Trump.
• 38:09
  I'm sure he's hearing these conversations.
• 38:11
  So sailor at Mar a Lago, I guess orange peeling, not only just
• 38:15
  the Trump kids, but President Trump himself.
• 38:18
  I think it's very interesting to just see this play out in the
• 38:21
  future. Maybe they are actually becoming
• 38:23
  bullish on Bitcoin though. There is some kind of, I don't
• 38:26
  know how you say it like some some concern there because we
• 38:31
  we've seen Trump kind of talk about stopping BRICS nations
• 38:34
  leaving U.S. Treasury.
• 38:35
  We know Trump really wants to strengthen the dollar.
• 38:38
  We've seen Dixie start ripping. So there is this, I don't know,
• 38:42
  like a weird point here where Bitcoiners kind of want to see
• 38:47
  the dollar demise. We know this is going to happen.
• 38:50
  We know Fiat currencies will eventually unravel.
• 38:53
  And This is why we think Bitcoin is the play.
• 38:56
  And yet we see Trump and his children embrace Bitcoin.
• 38:59
  And so it is a very strange moment in history where we're
• 39:02
  seeing nation states look to adopt Bitcoin and all of us
• 39:06
  Bitcoiners obviously getting excited about number go up.
• 39:09
  But in reality, we want more people holding Bitcoin directly.
• 39:12
  We don't want them going through to third parties because that
• 39:16
  literally, you know, destroys what the whole purpose of
• 39:20
  Bitcoin is. Well, this is where us Bitcoin
• 39:22
  is right now are talking about is Bitcoin being Co opted by the
• 39:25
  tradfi or are we, you know, playing out the Trojan horse
• 39:30
  meme here? So it is a very interesting
• 39:32
  conversation. But yeah, Nico, I all I think is
• 39:36
  when I hear Novogratz talk about anything is the Luna tattoo.
• 39:39
  So. I have not seen a picture of it
• 39:44
  for a long time. So I'm just wondering like,
• 39:47
  where is that? Where you know, where is that
• 39:49
  at? Is it still there?
• 39:50
  Is it you know, is, is, is it, is it still like a remembrance?
• 39:54
  We shall see. Anyways, guys, we have a loaded
• 39:57
  show for you guys. So much to cover on today's
• 40:00
  show, so much bullish news that we already covered.
• 40:03
  But also news coming out of Europe, it's not just, you know,
• 40:09
  it's not just bullish news across the board.
• 40:12
  We all have to remember this is Bitcoin or slavery.
• 40:16
  Bitcoin, when I say Bitcoin or slavery, it's Bitcoin
• 40:19
  parentheses in self custody or slavery, just to emphasize that.
• 40:23
  And we all have to remember that that battle, even though we're
• 40:26
  winning, right? We've won some battles for sure
• 40:30
  on the political front, on the institutional front.
• 40:33
  You're seeing all the institutional movements
• 40:35
  happening here in the United States.
• 40:37
  We're definitely winning. We have to keep vigilant because
• 40:42
  our opponents, the central bankers, are moving.
• 40:45
  They're not stopping. And they're using, you know, the
• 40:48
  guise of money laundering and and crime and KYC and AML and in
• 40:53
  order to stifle the adoption of Bitcoin capital controls.
• 40:58
  We had a post by Joe Nakamoto. So we're going to talk about all
• 41:01
  of that during the news segment. So stay tuned guys.
• 41:04
  We have ton of news on today's show and Opti's got something up
• 41:08
  his sleeve for the culture segment to end Friday.
• 41:12
  Very, very strong. All right, everybody, we'll be
• 41:14
  right back. We're going to hit the news.
• 41:17
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• 43:38
  Speaking of Opti, here is his ex-girlfriend and Opti's gotta
• 43:43
  get his ex-girlfriend in line. We played you the video of her
• 43:48
  yesterday. Wishing everybody, us peasants,
• 43:50
  Happy New Year's and so many plans, redesigning banknotes,
• 43:54
  redesigning paper and, you know, shilling the digital euro, which
• 44:00
  is a rebranded version of the European Central Bank digital
• 44:04
  currency. And you know, Opti's gotta,
• 44:07
  Opti's gotta get her in line. I don't know what's going on
• 44:09
  there, but it's important to remember guys, this is Bitcoin
• 44:13
  or slavery. When I mean slavery, I mean
• 44:15
  Fiat, the continuation of Fiat. I mean the continuation what,
• 44:18
  what is the next evolution of Fiat, which are central bank
• 44:21
  digital currencies. And we, we, this is real.
• 44:25
  This is a real real. This is a clear and present
• 44:28
  danger. This video came out January 1st,
• 44:32
  and she's moving full steam ahead with a central bank
• 44:36
  digital currency because she fundamentally knows at her core,
• 44:40
  the party is over, the gig is up if they don't retain their
• 44:46
  monopoly and their control over the money.
• 44:48
  And they're going to use the guise of has as what happened
• 44:51
  with the current Biden administration.
• 44:53
  They're going to use the guise of stopping terrorism, stopping
• 44:56
  money laundering, stopping crime in order to justify capital
• 45:00
  controls. And that's exactly what's our
• 45:02
  already happening here in here in here in the UK and other
• 45:07
  places in Europe. Here's Joe Nakamoto.
• 45:10
  He's an incredible Bitcoin content creator.
• 45:12
  I don't know why I'm not following him.
• 45:14
  Incredible Bitcoin content creator and make some great
• 45:17
  videos. And he's just a great MC, one of
• 45:20
  the best MCS in the Bitcoin space.
• 45:22
  And check this out. Just got kicked off Kraken for
• 45:25
  saying I might invest more than 10% in bit BTC this year.
• 45:30
  I had to go back on and say I will not invest more than 1%
• 45:34
  into high risk. The UK is literally trying to
• 45:38
  keep people poor. And here are some of the
• 45:40
  screenshots. We need additional information.
• 45:44
  Due to UK regulations, we are required to recollect
• 45:47
  information yearly about how you classify yourself as an
• 45:51
  investor, followed by a short quiz on your investment
• 45:56
  knowledge that goes on to stay restricted.
• 45:59
  Investor Statement. Putting all your money into a
• 46:02
  single business or type of investment is risky.
• 46:05
  Spreading your money across different investments makes you
• 46:10
  less dependent on anyone to do. To do well, you should not
• 46:14
  invest more than 10% of your net assets in high risk investments.
• 46:18
  Doing so could expose you to significant losses.
• 46:22
  I mean bro, this is like pure politician projection.
• 46:28
  For the purpose of this statement, net assets do not
• 46:30
  include your home, your pension. Of course, they control any
• 46:34
  rights under qualifying contracts of insurance for the
• 46:38
  purpose of this statement. High risk investments are
• 46:41
  peer-to-peer loans, investment based crowdfunding units in a
• 46:45
  long term asset fund, crypto assets, unlisted debt.
• 46:50
  And it could how convenient, right?
• 46:52
  And they talk about risk and they talk about what you know,
• 46:56
  wanting just to to help you and wanting to protect you.
• 46:59
  It's all for your safety. It's all for your safety.
• 47:02
  You guys are men. Remember the pandemic, It was
• 47:04
  all for your safety, the mass they were for your safety.
• 47:07
  It was everything for for your safety, Bros.
• 47:09
  OK, Sorry. It you know, 2008 Main St.
• 47:14
  bailed out Wall Street. Was that for your safety too?
• 47:18
  I'm sorry if I don't believe you anymore.
• 47:21
  This is what Bitcoin is all about.
• 47:23
  And you know what? We have the data.
• 47:26
  We have the facts on our side. You know what's not?
• 47:29
  You know what's more risky? Not having your net worth in
• 47:34
  Bitcoin. That is what's more risky.
• 47:37
  Having your net worth in dollars and saving in dollars or EUR or
• 47:42
  pounds is a guarantee for you to lose your precious purchasing
• 47:48
  power over time. Guarantee.
• 47:51
  It is guaranteed. The dollar has lost 87% against
• 47:58
  Bitcoin over the last five years.
• 48:00
  Oil has lost 94% of its value. Gold has lost 94% of its value.
• 48:05
  The S&P 500 has lost 77% of its value over the last five years.
• 48:10
  the United States median new house has lost 90% of its value
• 48:15
  over the last five years. How about the euro, 89% of its
• 48:18
  value. Let me see if the pound is on
• 48:20
  here. Great British pound, the British
• 48:22
  pound, 87%. So I'm going to read this again
• 48:26
  like, you know, you're hurting people.
• 48:30
  You are hurting people and again, why is the government in
• 48:35
  the business of getting to decide what you can and what you
• 48:40
  can't do with your hard earned money?
• 48:46
  That is messed up. That is super, super, super
• 48:51
  messed up. So we have to stay vigilant.
• 48:54
  We have to stay vigilant because they're going to play these
• 48:56
  games. They're going to try to take
• 48:57
  advantage of the people that of people that are not informed
• 49:02
  about the alternative, they're not informed about Bitcoin, and
• 49:05
  they're going to use the coattails of their legitimacy in
• 49:08
  order to justify tyrannical legislation and regulations like
• 49:12
  they tried here in the United States and they failed
• 49:14
  miserably. All right, here is the travel
• 49:17
  rule. Travel rule is a suggestion by
• 49:21
  the Financial Action Task Force. The Financial Action Task Force
• 49:25
  is an unelected bureaucracy that makes regulations that
• 49:29
  conveniently benefit the central bankers conveniently benefit the
• 49:35
  Bank of International Settlements, conveniently
• 49:39
  benefit of people like Christine Lagarde.
• 49:42
  Remember what happened with the TD Bank lawsuit?
• 49:46
  They got fined $3.1 billion for money laundering for the Mexican
• 49:51
  drug cartels. Also, there is reports coming
• 49:55
  out of chain analysis that says the vast majority of illicit
• 49:58
  finance is conducted within the traditional financial system.
• 50:03
  But wait a second, the traditional financial system has
• 50:06
  all these rules and regulations in place already.
• 50:09
  Why are people not using Bitcoin that doesn't have all these
• 50:11
  rules? What's going on?
• 50:13
  It's it's contradicting itself doesn't make sense anyways, so
• 50:17
  here is the latest article by Lola.
• 50:20
  It goes on to say travel rule as surveillance increases.
• 50:24
  EU not off to a great start, great 2025.
• 50:27
  The EU is ringing in 20/20/25 with a truly remarkable shit
• 50:32
  show for your financial privacy and security.
• 50:35
  It goes on to say the Travel rules, an anti money laundering
• 50:39
  measure first proposed by the Fat Foot or the Financial Action
• 50:42
  Task Force. However, which way you want to
• 50:44
  call them, which requires financial institutions to
• 50:46
  transfer a sender's identifying information such as name and
• 50:50
  address to the receiver's financial institution.
• 50:53
  In the EU, the travel rule was first applied in 2008 and again
• 50:57
  refined in 2012 in the traditional financial sector.
• 51:01
  In 2019, the Financial Action Task Force updated its
• 51:04
  recommendation to include virtual asset service providers,
• 51:07
  which took effect with the Transfer of Funds Regulation
• 51:11
  this January. By the way, Mika, which was the
• 51:15
  name of the regulation, was actually named by Chrissy
• 51:18
  Lagarde in that same viral speech and video where she
• 51:22
  mentioned that Bitcoin is an escape valve.
• 51:25
  It goes on to say the E US updated travel rule now requires
• 51:30
  virtual asset service providers to verify transfers to and from
• 51:33
  self. Custodial wallets require proof
• 51:36
  of ownership for transferring transfers exceeding €1000 and
• 51:41
  collect and share information on monetary transfers made by
• 51:44
  customers as a European Banking Authorities travel rule
• 51:48
  guidelines. Virtual asset service providers
• 51:51
  are required to quote obtain and hold the information on the self
• 51:55
  hosted address ensure that transfer of crypto assets can be
• 51:59
  individually identified and quote assets whether that
• 52:03
  address is owned or controlled by a cryptocurrency asset
• 52:08
  service provider customer customer where the transfer
• 52:10
  amount exceeds €1000 quote To address the practical challenges
• 52:16
  arising from the applications of these requirements, the EBAS
• 52:19
  guidelines state that virtual asset service providers should
• 52:23
  quote individually identify a transfer quote identify a
• 52:26
  transfer from or self hosted addresses quote identify their
• 52:30
  originator and beneficiary quote prove the ownership or or
• 52:34
  controller ship and quote put in place mitigating measures where
• 52:38
  applicable. This week the Bitcoin service
• 52:41
  provider Strike announced the implementation of travel rule
• 52:45
  measures to its users. As strike writes quote if you're
• 52:48
  based in the EU or UK and send Bitcoin from your account at a
• 52:53
  crypto asset service provider, certain information such as name
• 52:57
  address and identification details is required to be
• 53:01
  shared. As Strike explains to its users,
• 53:04
  if you're sending and receiving using external addresses or
• 53:07
  wallets via the Bitcoin and or Lightning networks, you'll need
• 53:10
  to provide information about the source and destination of your
• 53:13
  funds, whether it's your personal wallet or someone
• 53:16
  else's. If you're sending and receiving
• 53:19
  Bitcoin from Strike to your cold storage wallet, you may be asked
• 53:22
  to verify that you are the owner of the wallet.
• 53:25
  Similarly, if you're sending and receiving from another crypto
• 53:29
  asset service provider, such as a crypto exchange, you may be
• 53:32
  asked to confirm which entity this is and whether you are the
• 53:36
  owner of the account at that entity, the company.
• 53:39
  The EU is not the first governing bodies to apply the
• 53:43
  travel rule to virtual asset service providers, as FATFA
• 53:47
  recommendations are translated into law globally.
• 53:50
  Who the F elects Fatfa? Who elects them?
• 53:54
  We we get lectured by democracy, democracy, democracy, democracy
• 53:59
  this, democracy that. That's an unelected bureaucracy.
• 54:03
  We have no say. So again, it's it's they're
• 54:08
  taking advantage of the fact that people are not informed on
• 54:12
  these matters and most importantly, they are not
• 54:16
  following the fiscal and financial discipline they
• 54:21
  themselves are preaching. That's the problem.
• 54:24
  Another thing that I'll say is if these laws were so effective,
• 54:28
  why is it that the vast majority of illicit finance is conducted
• 54:33
  within the traditional financial system?
• 54:36
  Why can't we ask those questions?
• 54:39
  Why can't we ask those questions?
• 54:41
  This is tyranny and they tried to pull it off in the United
• 54:44
  States. Luckily, again, elections have
• 54:47
  consequences where there was two tyrannical pieces of legislation
• 54:52
  that were about to go into effect, which was the FinCEN was
• 54:56
  requiring all small businesses to register.
• 55:00
  And if not, people could face jail time and they could also
• 55:04
  face a fine of up to $591.00 a day.
• 55:08
  That's number one. And #2 there was this, which
• 55:11
  again got delayed till 2026, which we covered on yesterday's
• 55:16
  episode, where essentially you had to report, take screenshots
• 55:21
  and consolidate your Utxos and send them to the tax authorities
• 55:28
  here in the US. What they're doing is, to use
• 55:31
  Christine own words, they're closing the escape valve.
• 55:36
  These are capital controls under the guise of it is for your
• 55:42
  safety. That's what it's about.
• 55:44
  Because if you look at the data, it does not make sense.
• 55:48
  And remember, these laws of exclusion have essentially
• 55:52
  excluded the vast majority of the world and taken away their
• 55:58
  ability to transact with the global economy.
• 56:02
  So these laws are laws of exclusion.
• 56:05
  They're not laws of inclusion. And Bitcoin is an open monetary
• 56:09
  network. So they can get away with this
• 56:13
  as long as they control the on and off ramps.
• 56:15
  But as soon as people's wealth goes into Bitcoin can't, can't
• 56:20
  do this. And one of the things that I've
• 56:22
  said is governments think they they can regulate Bitcoin, but
• 56:26
  at the end of the day, it's going to be Bitcoin that
• 56:29
  regulates government. It's going to be a much better
• 56:31
  world for it. One last thing that I'll say
• 56:33
  before I pass it on to Opti is Jeff Booth has a theory about
• 56:38
  this. And his theory is in a system of
• 56:42
  inflation, in a system of theft, in a system of, of, of, you
• 56:48
  know, of the reason they have to control, the reason they have to
• 56:53
  censor, the reason they have to do all of these things is
• 56:57
  because it's a system based on coercion.
• 57:00
  It's a system based on theft. It's not something that people
• 57:04
  would voluntarily sign up to. But if you look at the Bitcoin
• 57:10
  system, it's a voluntary system. So when I say Bitcoin or
• 57:15
  slavery, and I now have to add the parentheses, Bitcoin and
• 57:18
  self custody or slavery, this is what I mean.
• 57:22
  If we continue down the path, we've given them 100 years, we
• 57:28
  got the two largest world wars in history.
• 57:31
  We got the two most severe depressions and recessions in
• 57:37
  history under central banking, so don't let them effing
• 57:41
  gaslight you because it's utter BS.
• 57:46
  It's time to try something new. And for me and Opti's
• 57:50
  generation, the millennial generation, the Gen.
• 57:53
  Z generation, I don't want to own nothing and be happy.
• 57:58
  I want to own Bitcoin and be happy.
• 58:01
  That's what it's about. And they don't want you to do
• 58:04
  that because they want to retain their privilege of being able to
• 58:08
  create money for free that everyone else has to work for
• 58:11
  and their monopoly and control over the money.
• 58:14
  Even if you are losing in that deal, enough is enough.
• 58:20
  Bitcoin is here to stay. Bitcoin's going to win.
• 58:23
  But this is the separation of money and state.
• 58:26
  And it is going to get bumpy. But on the good news, if Europe
• 58:29
  continues to go down this path, the United States is going to
• 58:33
  have an enormous advantage. And all the best.
• 58:37
  It's called the brain drain. For anyone who doesn't is not
• 58:39
  familiar with this term, all the best and brightest
• 58:42
  entrepreneurs, peep the go getters of Europe.
• 58:46
  You know where they're going to go.
• 58:47
  They're going to pack up their bags, they're going to go to
• 58:50
  Dubai or they're going to come to United States and they're
• 58:52
  going to set up shop here. And Europe is going to have fun
• 58:55
  staying poor if they continue going down this tyrannical path
• 59:00
  of trying to control their citizens.
• 59:03
  Governments fundamentally don't produce anything.
• 59:07
  They don't produce anything. Their only form of revenue is
• 59:12
  parasitic in nature. They have to extract wealth from
• 59:16
  their productive citizens in order to fund themselves.
• 59:21
  And you know what? In an ideal world, that would be
• 59:24
  a fair trade. I don't think most of us would
• 59:27
  care about paying taxes. The problem is that we're paying
• 59:31
  taxes and we're getting nothing in return.
• 59:34
  That's the problem. And that's what Bitcoin
• 59:37
  fundamentally fixes with the separation of money and state.
• 59:40
  Because if the state loses its ability to print money to fund
• 59:45
  things that they can't afford and they're only for or they're
• 59:49
  only funding mechanism is via direct taxation, they're
• 59:52
  limited. And by nature, government will
• 59:55
  shrink over time. So I think Elon's heart is in
• 59:59
  the right place with this Doge thing, Department of Government
• 1:00:03
  efficiency. But if we don't address the root
• 1:00:06
  problem of ending the Federal Reserve.
• 1:00:10
  We're just one administration away from starting right back at
• 1:00:15
  where we started before Trump got elected and Elon and Vivek
• 1:00:18
  coming in. Anyways, that's my bit.
• 1:00:21
  Opti. What are your thoughts brother?
• 1:00:23
  Yeah. Well, it is very interesting to
• 1:00:25
  see Europe essentially put in some soft capital controls.
• 1:00:31
  And, and this is something we've been talking about for a long
• 1:00:33
  time on the show, that obviously the EU with Chrissy Lagarde out
• 1:00:36
  there who's been saying for a long time that if there's an
• 1:00:39
  exit route, we're going to stop it.
• 1:00:40
  Now essentially do something similar that 10% mean there that
• 1:00:44
  Jonaka Mehta was saying, like if you're trying to invest more
• 1:00:46
  than 10% into Bitcoin, we're going to essentially stop you.
• 1:00:49
  All I'm hearing is, yeah, you should probably invest a lot
• 1:00:52
  more or rather put more of your savings in Bitcoin than 10%.
• 1:00:56
  But it is pretty interesting to see.
• 1:00:58
  I mean, I was saying that we're going to see even more stringent
• 1:01:01
  EU laws come down on Bitcoin because they know what we know
• 1:01:05
  is essentially they are losing control of their their financial
• 1:01:08
  system. And if people do find an escape
• 1:01:11
  route, which Bitcoin is, then they have to try to stunt that
• 1:01:14
  as much as possible. And we're seeing that this is
• 1:01:16
  playing out. We're seeing that as much as we
• 1:01:19
  were covering Operation 2.2 Point O on this show, this is
• 1:01:23
  going to kind of play out in a lot of nations right now where
• 1:01:26
  they're going to do whatever they can to stop the adoption of
• 1:01:28
  Bitcoin and you know, do it with bureaucracy.
• 1:01:32
  And this is kind of what we're seeing right now is they're
• 1:01:34
  afraid of Bitcoin. They're afraid of people
• 1:01:36
  transacting freely. And thus they're going to make
• 1:01:39
  it harder for people to get as much of their savings into
• 1:01:41
  Bitcoin because they need us trapped in the financial system
• 1:01:45
  for their system to continue to perpetuate.
• 1:01:47
  If enough of us basically exit the, the traditional Fiat world,
• 1:01:51
  then they they can't continue the scam that they've been doing
• 1:01:54
  for a long time. So they're trying to slow this
• 1:01:56
  down. They're trying to slow the dam
• 1:01:57
  or rather the water breaking out there.
• 1:01:59
  And so this is this is just what we're going to continue to see
• 1:02:02
  for the next decade. I think.
• 1:02:04
  I think we're going to see a slow trickle of people go into
• 1:02:07
  Bitcoin, a slow trickle of capital go into Bitcoin and the
• 1:02:10
  powers that be do whatever they can to stop it.
• 1:02:13
  And this is this is playing out right now in the EU.
• 1:02:16
  As we know, the EU is a basically a test bed for all of
• 1:02:19
  the, the WEF stuff. And I think they're just ahead
• 1:02:23
  of the game on, on doing what Charles Klaus Schwab wants, you
• 1:02:26
  know, So am I surprised? Not at all.
• 1:02:29
  I think this is this is exactly an easy prediction of what was
• 1:02:33
  going to happen. Let's just hope that the people
• 1:02:36
  out there essentially fight back and and, you know, put more of
• 1:02:39
  their money in the Bitcoin. Fight back peacefully and
• 1:02:42
  democratically and the way the way this is a peaceful
• 1:02:45
  revolution. All you got to do is just opt
• 1:02:46
  out. Just opt out.
• 1:02:48
  Just buy, earn, mine Fiat, put that Fiat into Bitcoin, opt out
• 1:02:56
  of the system. If enough of us do it, we win.
• 1:02:58
  It's as simple as that. It's as simple as that.
• 1:03:01
  All right, everybody stay tuned. It is bitcoins happy, happy
• 1:03:05
  birthday, 16 years old today. So we're going to talk about
• 1:03:10
  that during the culture segment. We will be right back.
• 1:03:13
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  you want to go to. In fact, this is the first
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  Bitcoin conference where me and opti met each other in person.
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  bit block boom. So guys, you definitely don't
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  Jacob, Sophie, the entire crew. Get your tickets now.
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  Scan the QR code or check the link in the video description
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  slash podcast description. All right, everybody, we're
• 1:05:06
  going to open it up and I'm assuming Opti is going to be
• 1:05:10
  talking about Bitcoin's birthday.
• 1:05:13
  Yeah, man, it's Bitcoin's birthday today.
• 1:05:14
  It's January 3rd. You know, as everyone knows, or
• 1:05:17
  rather as everyone should know, Bitcoin was created and
• 1:05:20
  released. Well, it wasn't created.
• 1:05:22
  It was released January 3rd, 2009.
• 1:05:25
  And so I have the headline from the Genesis blog.
• 1:05:28
  You know, Chancellor, on the brink of second bailouts for
• 1:05:30
  banks. This is why we're all here.
• 1:05:32
  So you know, happy birthday to Bitcoin.
• 1:05:33
  One has been 16 years old. There was an interesting point
• 1:05:36
  that I saw on Twitter. Look at the top headline here.
• 1:05:39
  Eat out from 5 lbs here. As you can tell now what 16
• 1:05:45
  years later, I don't think you can buy anything for $5 ever.
• 1:05:48
  Like there's nothing you can buy for $5.
• 1:05:50
  Hence why we constantly talk about this idea that if you want
• 1:05:53
  to protect your purchasing power, you need to save it in
• 1:05:56
  Bitcoin. Now, of course, just shout out
• 1:05:59
  to Satoshi. January 3rd, 2009, the Bitcoin
• 1:06:02
  was released to the world. We don't know who it is and This
• 1:06:06
  is why we're able to send Bitcoin or rather money around
• 1:06:09
  the world globally with no middle man or bank.
• 1:06:12
  Even though the banks are coming in, you don't need them to
• 1:06:15
  transact in Bitcoin now. Very interesting thing going
• 1:06:18
  here and shouts out to Alex Thorne on Twitter.
• 1:06:21
  Bitcoin price on genesis block day since inception.
• 1:06:24
  I'm not going to cover all of them, but you can see slowly but
• 1:06:27
  surely number has been going up and so since I've been in
• 1:06:31
  Bitcoin 2017 you could see $1000 was January 3rd 20/17/2008 it
• 1:06:37
  was 15,000. 2019 it was 3 thousand 2027 thousand
• 1:06:42
  202133202246202316 last year 42 and this year I think today we
• 1:06:51
  could say it's around 98,000. So he he released this in the
• 1:06:54
  morning, but you can see number keeps going up every genesis
• 1:06:58
  block day. So happy birthday to Bitcoin.
• 1:07:00
  Shouts out to Satoshi. This is a day that we should all
• 1:07:03
  be celebrating And on that note, the real celebration and I
• 1:07:07
  haven't heard too many people talk about this and forgive me,
• 1:07:10
  I was sick yesterday or I would have mentioned it for you guys,
• 1:07:13
  but happy, happy proof of keys day guys, if you still have
• 1:07:16
  Bitcoin on exchanges, today is the day to take that Bitcoin off
• 1:07:21
  an exchange, put it in a wallet that you control.
• 1:07:25
  This is how how you celebrate January 3rd is by not only
• 1:07:29
  looking in the past and realizing it's Bitcoin's
• 1:07:31
  birthday is but by taking Bitcoin into self custody.
• 1:07:35
  This is the most important thing I think that you can be doing on
• 1:07:39
  a personal level is holding Bitcoin directly.
• 1:07:42
  Do not leave it on an exchange. Do not you know put it in other
• 1:07:46
  you know whatever you want to be taking Bitcoin into custody.
• 1:07:50
  So happy birthday to Bitcoin 16 years bitcoins.
• 1:07:54
  You know, it's, it's going through, it's, it's teenage
• 1:07:58
  years now, so it's growing up fast.
• 1:08:01
  It's. Growing up right before our.
• 1:08:02
  Eyes, guys, it's so cute. You know Bitcoin's a 16 year old
• 1:08:06
  and it is slowly but surely taking over the world.
• 1:08:08
  But if you are a bitcoiner with Bitcoin still on an exchange,
• 1:08:14
  today's the day. Well, really, you should have
• 1:08:16
  been doing this before today because if there is something
• 1:08:19
  that's going to blow up today, you don't want to be the last
• 1:08:21
  person with your Bitcoin on an exchange.
• 1:08:23
  But hey, I would argue today is the day that you should sit
• 1:08:27
  down, create a Bitcoin wallet, take your Bitcoin off the
• 1:08:30
  exchanges. Self custody is the most
• 1:08:33
  important aspect of this period guys.
• 1:08:35
  So 16 years running in Bitcoin, it's taking over the world.
• 1:08:39
  As you can see last year. We've built the foundation here
• 1:08:43
  and everyone wants to get in on Bitcoin.
• 1:08:45
  Everyone's capitulating on Bitcoin.
• 1:08:47
  They are all bending the knee to Bitcoin.
• 1:08:50
  And I think 2025 is going to be a great year.
• 1:08:52
  We'll see if 2026 is one of those down years.
• 1:08:55
  I'm still kind of playing on the idea that we will have 3 green,
• 1:08:58
  one red, which means 2026 is a down year.
• 1:09:01
  But that for everyone out there, happy birthday to Bitcoin.
• 1:09:06
  You guys are the real MVPS out here stacking Bitcoin, taking
• 1:09:09
  into cold storage, and of course advocating for Bitcoin and
• 1:09:13
  trying to orange peel your friends and family.
• 1:09:15
  So you know, I thought it was just a good day for us to talk
• 1:09:18
  about Bitcoin. Birthday, January 3rd, 2009.
• 1:09:22
  Historic day period in the history of humanity.
• 1:09:27
  Absolutely 100% yeah, man. And it's proof of keys days also
• 1:09:31
  too. And it just highlights the
• 1:09:32
  importance of self custody. And that's what I that's what I
• 1:09:35
  got to say. Man is like it.
• 1:09:37
  This is this is what you guys have to understand that self
• 1:09:41
  custody is a revolution. Self custody is what is going to
• 1:09:44
  fundamentally change the world, where individuals are able to
• 1:09:50
  take self custody of their wealth and, you know, basically
• 1:09:54
  transact with the world's economy freely and allow them to
• 1:09:59
  essentially go anywhere around the world.
• 1:10:02
  You know, if they're there's so many tragic stories in history
• 1:10:07
  where people couldn't leave because they had their money in
• 1:10:09
  the banks. And all of a sudden there is a
• 1:10:11
  totalitarian regime. And the first thing that they do
• 1:10:13
  is they knock on the door of the banks and they say, hey, you
• 1:10:15
  know what? All that money is mine, right?
• 1:10:18
  You know, our, our one of our sponsors of the Bitcoin way, the
• 1:10:21
  founder, Tony, you know, he's a tragic story of him in Lebanon.
• 1:10:27
  And you know, he, he spent the majority of his life building up
• 1:10:30
  multiple successful businesses. And one day they said, you know
• 1:10:34
  what? That money's isn't yours
• 1:10:38
  anymore. Can you imagine that?
• 1:10:40
  And this is this is not, this is not the abnormal, this is the
• 1:10:44
  norm if you live in Canada or the United States, even in the
• 1:10:49
  United States, it happened with the six one O 2 order.
• 1:10:52
  FDR, you know, you know, under the guise of the Great
• 1:10:55
  Depression and all that stuff, basically said he woke up one
• 1:10:58
  day and he said, you know what, all the gold that people have in
• 1:11:02
  in banks that belongs to the US government now.
• 1:11:05
  And we're going to, we're going to hand you back paper.
• 1:11:07
  This is why self custody is so important, because the only
• 1:11:10
  reason that people like FDR and politicians are able to
• 1:11:13
  successfully do this is because people rely on a handful of
• 1:11:17
  custodians. And as we saw with information,
• 1:11:21
  which is another revolution that we saw where we, I think we
• 1:11:24
  already went over that. I, I think we've already gone
• 1:11:27
  past the, the heaviest part of that, which was when Elon
• 1:11:31
  acquired X. But we saw the deplatforming of
• 1:11:33
  a president. We saw the deplatforming of
• 1:11:36
  American citizens, even though we have First Amendment
• 1:11:38
  protections because of, you know, their thoughts and their
• 1:11:42
  speech, their political speech. And we essentially saw the
• 1:11:47
  disintermediation of information and state.
• 1:11:50
  Why? Because mass scale peer-to-peer
• 1:11:53
  communications enabled by social medias and protocol like Noster,
• 1:11:57
  allowed people to communicate directly to each other,
• 1:12:01
  circumventing the gatekeepers of information.
• 1:12:05
  I mean, look at what we're doing right now. 1020 years ago the
• 1:12:09
  only way you'd be able to get your news via television or via
• 1:12:13
  your laptop up or something was through a traditional media
• 1:12:16
  outlet. The thing is the state ended up
• 1:12:20
  Co opting a lot of them and we didn't realize this.
• 1:12:24
  One of the most powerful quotes I've ever heard is the war in
• 1:12:27
  Iraq would not have happened in 2003 if social media existed.
• 1:12:31
  Think about how powerful that quote is, right?
• 1:12:34
  And then, of course, you have the ground breaking interviews
• 1:12:37
  with Mike Benz and he's just unleashing all of this stuff
• 1:12:42
  about how the one of the most powerful things he said was that
• 1:12:46
  governments were not ready for social media.
• 1:12:49
  And even in the United States, where you think this is
• 1:12:52
  officially the home of the brave land of the free, like
• 1:12:55
  apparently not. Apparently the government thinks
• 1:12:58
  that it should be in the business of dictating the
• 1:13:01
  narrative. That is a very, very slippery
• 1:13:05
  slope. And what we're on the verge of
• 1:13:09
  entering is the separation of money and state.
• 1:13:12
  And you saw how messy the separation of information and
• 1:13:16
  state was. Get ready for this next one.
• 1:13:19
  So that doesn't mean we're winning.
• 1:13:21
  We massive, massive victory for the Bitcoin movement on the
• 1:13:26
  political front in El Salvador. El Salvador is the beach head in
• 1:13:30
  the United States with the election of Donald Trump and the
• 1:13:33
  Republican Party winning the trifecta and Bitcoin being part
• 1:13:37
  of the official party platform. But make no mistake, we are two
• 1:13:41
  years away from the midterms and we are four years away from
• 1:13:45
  another presidential election, right?
• 1:13:47
  So during this transitionary period, unfortunately, Fiat
• 1:13:51
  politics will have consequences. And you know, if you choose not
• 1:13:57
  to participate in politics, you're destined to be ruled over
• 1:14:02
  by people that choose to participate, right?
• 1:14:05
  So take self custody, that's how you win.
• 1:14:08
  And you know, I'm very, very grateful for Satoshi for
• 1:14:12
  inventing or discovering Bitcoin, depending on the which
• 1:14:16
  way, however which way you see it 16 years ago today.
• 1:14:20
  So anyways, guys, that was our show for January 3rd of 2025.
• 1:14:27
  I'm your host Nico Moran is my legendary Co host Optimist
• 1:14:31
  fields guys enjoy the weekend and of course, honey badger
• 1:14:35
  media will be back on Monday for a brand new episode of simply
• 1:14:40
  Bitcoin live. In the meantime, you guys will
• 1:14:42
  have content dropped by Dante and we'll have some clips over
• 1:14:46
  for over on the weekend for you guys as well.
• 1:14:49
  Love you all smash the like button.
• 1:14:51
  Consider subscribing, share this show with your friends and
• 1:14:55
  family, and we'll be back Monday.
• 1:14:57
  Peace out everybody. Today's episode was brought to
• 1:15:00
  you by bitcoinwell.com, a Bitcoin only platform on a
• 1:15:03
  mission to enable financial independence.