Latest / Simply Bitcoin / We've Found Who's SUPPRESSING Bitcoins Price [It's Not Who You Think!] | EP 1296
Transcript
- 0:00Last week we brought you an investigation alleging that the
- 0:03US government only held 28,000 bitcoins, and this LED everyone
- 0:08to believe that the US had been dumping billions of dollars of
- 0:12Bitcoin and suppressing the price.
- 0:14But we have some new data proving they do in fact still
- 0:18hold all of their Bitcoin. And this comes at the same time
- 0:21we're seeing 10s of thousands of Bitcoin being dumped by whales
- 0:25and Ogs. So what's really happening?
- 0:28And of course, what does this, I mean for you, the question
- 0:31everyone's wondering right now, especially as the price is kind
- 0:34of retracing a little bit, there's a dip is the bull run
- 0:37cancelled? So let's get into this data and
- 0:40of course we are not alone. We have the legendary Bitcoin
- 0:43band with us today. So good to have you.
- 0:45I'm sure you guys saw last week it was a it was a great show
- 0:48that we had it was a fun one. All right guys.
- 0:50So first of all, let's start with the new findings.
- 0:54So remember last week the big news came out, there was a
- 0:58Freedom of Information Act released from the US Marshals
- 1:01and they basically said we're only holding 28,000 Bitcoin.
- 1:06And everyone on Twitter, all of us were wondering the big
- 1:09question, did the US government sell roughly around 170,000
- 1:15coins? And of course, is this what's
- 1:18explaining the fact that Bitcoin can't really break out of that
- 1:21120 hundred 15 range? Well, this week we got new data
- 1:26and this is coming out of Arkham Intelligence, of course, on
- 1:29chain metrics. And they tweeted the US
- 1:31government holds 24 billion Bitcoin.
- 1:34And I believe it was a total of like roughly around 198,000
- 1:38Bitcoin. And this is a culmination of all
- 1:41of the US different government offices wallet.
- 1:44So the US Marshall may only hold 20, 1000, but when you combine
- 1:48all of the wallets that the government holds, they do in
- 1:52fact hold all of the Bitcoin that they claim.
- 1:55Now, there was a lot of speculation here.
- 1:58There was a lot of speculation wondering whether they actually
- 2:02had sold that Bitcoin. Could this be the explanation
- 2:04for the price of Bitcoin? Of course, everyone's wondering,
- 2:07is someone out there suppressing the price of Bitcoin and where
- 2:10is it coming from? Was it paper Bitcoin?
- 2:12Is it the fact that the US government may have dumped their
- 2:15Bitcoin before the announcement of the US strategic Bitcoin
- 2:19reserve? Well, it looks like that is not
- 2:22the cause here. So, you know, a sigh of relief
- 2:25here, I guess from us Americans in regards to the strategic
- 2:27Bitcoin reserve. They haven't actually dumped all
- 2:30the Bitcoin. None of it has moved in four
- 2:32months. They still hold that Bitcoin.
- 2:34So that's the first topic and I'm I'm really going to pass it
- 2:37around here. Let's just let's touch on this
- 2:39first idea. The US actually holds all that
- 2:42Bitcoin and from our perspective it is a huge sigh of relief.
- 2:46Now that does kind of beg the question of OK, if the US
- 2:51government didn't dump 170,000 Bitcoin, then where is all this
- 2:55Bitcoin coming from? Especially with all the news
- 2:58we've been covering all of the Bitcoin treasury companies
- 3:01announcing huge amounts of capital being injected into
- 3:05market. At least we know it wasn't the
- 3:07US government dumping the coin. But I'm gonna pass the Nico cuz
- 3:11Nico loves this topic. So before I get into all the
- 3:14other data I have that I think it's gonna really pinpoint where
- 3:17the Bitcoin is being sold from. Nico, did you have a sigh of
- 3:21relief when we heard that the US government still holds all of
- 3:24their Bitcoin? No, not really, cuz like
- 3:27obviously you would want Bitcoin in the hands of individuals like
- 3:31it. It kind of explains, you know,
- 3:34again to also like something else to keep in mind, right?
- 3:38I don't know if they have access to all of that because
- 3:41essentially what Lola Elites uncovered was specifically for
- 3:46the US Marshall office, right? And it kind of confirmed
- 3:50something that we were talking about during the previous
- 3:53administration where they were essentially selling it before,
- 3:58you know, this current president came into office, right?
- 4:01And another thing that I actually posted this morning
- 4:03'cause I'm, I'm seeing this kind of like in the background is
- 4:07like if you're an OG from 16 years ago and you bought Bitcoin
- 4:12for less than a dollar, you know, and you have 10s of
- 4:15thousands of coins, which is going to lead us to the, you
- 4:17know, why, why is the price dumping?
- 4:22You know, if you're going to sell 5% of your stack, 10% of
- 4:26your stack, you're still going to have thousands of coins and
- 4:29you're going to be able to start businesses, upgrade your
- 4:32lifestyle, you know, whatever it is that you want to do.
- 4:35But also when I'm seeing this cycle is there's a lot of people
- 4:40are selling Bitcoin and they're taking some of that Bitcoin and
- 4:44they're investing into the treasury companies because they
- 4:48think that's a way to outperform Bitcoin.
- 4:51Now here's the thing though, you can only sell that once and
- 4:58they're outperforming Bitcoin until they don't, right?
- 5:02So, you know, Microstrategy's case and Metaplanet's case and
- 5:07now you're seeing, you know, so many treasury companies pop up
- 5:12it, it kind of reminds me of the 2017 era of kind of like the ICO
- 5:18boom. Now, are they as bad as Icos?
- 5:20No, 'cause they're not vaporware, right?
- 5:22They're actually backed by an asset.
- 5:24However, a lot of these treasury companies, they're going to have
- 5:28to take more and more. They're going to have to take
- 5:32bigger and bigger short, like they're going to have to
- 5:34leverage more and more in order to raise capital.
- 5:36And none of them are ever going to be able to catch
- 5:38MicroStrategy. Like MicroStrategy is the clear
- 5:41leader. The products that he's
- 5:43releasing, he's trying to tap into every single pool of
- 5:47capital that he can. And I had a conversation with
- 5:50Mark Moss the other day, and the way that he described it to me
- 5:53was like, Nico, you have to understand that 97% of capital
- 5:57is not able to get to buy Bitcoin if they wanted to.
- 6:02So Michael Saylor is like purposely creating all these
- 6:05products so that different pools of capital, whether it's people
- 6:09that are interested in stable income, whether it's people that
- 6:12are interested in just buying like a leverage Bitcoin play,
- 6:16which is MicroStrategy itself. The way that I see it, you know,
- 6:19he he has like, I think it's like 3 or 4 products that he's
- 6:22released so far. And this is what's happening
- 6:26this cycle, guys like O GS, people that have accumulated
- 6:31Bitcoin at a very, very, you know, low price.
- 6:35You know, I don't blame them, right?
- 6:38They're selling, you know, a portion of their stack to
- 6:41upgrade their lifestyle to, you know, to invest in their own
- 6:46companies, something we've done here at simply, but we're not O
- 6:50GS. And you know, some of them are,
- 6:55some are seeing the treasury companies as a way to multiply
- 6:58their Bitcoin. So they they sell, let's say one
- 7:01Bitcoin and they're thinking they're going to get two or
- 7:04three back, right, You know, and again, that's taking risk.
- 7:09You guys know how we feel at simply, which is, you know, take
- 7:12Bitcoin into self custody and put it in cold storage.
- 7:16That's the way you should do it. But you know, to each their own.
- 7:20Now the last thing I'll say too is I'm feeling bullish and the
- 7:24reason I'm feeling bullish is number one, we got Bitcoin Ben
- 7:27in the house today and Bitcoin Ben and I are going to be doing.
- 7:31The first ever simply Bitcoin. Rumble exclusive, which is going
- 7:37to be fantastic. It's going to come up the end of
- 7:40July. I'm so excited.
- 7:42Me and Ben are going to go off and that's the first thing that
- 7:46has me Bush. But the second thing that has me
- 7:48bullish is. If 70,000 Bitcoin were sold back
- 7:52in 2020 or 2017 the price would have dumped like 50% fifty or
- 7:5860% it would have crashed like you have no effing idea.
- 8:03So the fact that someone just spot dumped 70,000 coins and we
- 8:09dropped from 120, what do you want to correct me?
- 8:13Up to you. No, I was just saying you're
- 8:14getting ahead of yourself, but that's fine.
- 8:16That's fine. A. 100 and something 1000 coins
- 8:19and Bitcoin dropped from 124,000 or 122,000 and it dropped to
- 8:25115,000. So had like a five to seven K
- 8:28correction, like 5%. Like you should be feeling
- 8:34really bullish right now. And this is on top of the German
- 8:36government dumping and this is on top of parts of the US
- 8:40government dumping Bitcoin and Bitcoin is still consolidating
- 8:44keyword here, consolidating at $115,000 per coin, right?
- 8:50That is incredibly, incredibly bullish.
- 8:53Anyways, we have a friend of the show, Bitcoin Ben joining us
- 8:56today. Ben, what are your thoughts man?
- 8:59You know we really need to actually look at this right?
- 9:06Everyone watching this right now, if you have over .1 actual
- 9:14Bitcoin. You're a future whale.
- 9:17Accept it. Come to terms with your you are
- 9:24a future whale, right? Because in the future, if you,
- 9:29if you own one, you're you're a whale.
- 9:34And in the future, whatever show is on at that time, we'll go, Oh
- 9:41my God, did you hear? I heard that Nico is selling
- 9:45some of his Bitcoin. Did you hear he has 100 Bitcoin?
- 9:49My God, he's, he's so rich. We're all future, future whales
- 9:57in the larger picture. Plus we want this guys.
- 10:02We want the whales to sell. So us little little baby whales
- 10:10can accumulate more and actually become larger whales.
- 10:15This is an ecosystem we are evolving.
- 10:21You don't want those old whales just holding on to it because
- 10:29you have. To look at what we are doing all
- 10:33right, every time that our price drops, you, you should and I'm
- 10:42trying to be PC. All right, you should be
- 10:48sexually aroused every time the price drops because it is
- 10:57literally like you're going to Walmart and your favorite frozen
- 11:02pizzas on sale and you look at it and go Nope, I'm I'm not
- 11:08buying that till the price goes up.
- 11:10That makes no sense. The lower it goes, the bigger
- 11:16your smile should be. Because how everyone we talked
- 11:21to. Man, I wish I could have bought
- 11:23it in 90. Well you can't, but you can
- 11:30actually buy it at like 115 that's on sale.
- 11:35It ain't 90. And trust me, when I originally
- 11:39bought Bitcoin it was $600.00 each and.
- 11:47This whole way up, I've heard so many people go, God, I'm not
- 11:54going to buy it right now. It's at 20,000 and at 20,000 I
- 11:59was buying the top. I was Michael Saylor in this
- 12:02mother plucker, All right, Because I knew we're on our way.
- 12:08This is just the route we have to take because this is not.
- 12:14That's what makes us so special. We aren't shipping out a bunch
- 12:19of free money that we're printing and just saying use it
- 12:24here. Here's here's here is a bunch of
- 12:28paper. Now use it like it has value.
- 12:31No, no, we're involved in a system that actually has value
- 12:38and use case and and actually has an X in order to create one
- 12:48frigging Bitcoin. Right now it costs about 47 to
- 12:53$51,000. How much does it cost to print
- 12:58up 47 to $51,000 bills? It don't cost $47,000.
- 13:07I can tell you that right now. So the reason that we like it
- 13:13like this or you should like it like this is because we're for
- 13:20the first time in human history, we are in an asset that actually
- 13:27has a legitimate production price.
- 13:33And that production price is a floor once in a once in a while.
- 13:39Now, I think it will never dip under the production price again
- 13:46ever. We're done.
- 13:48That's all gone, but you look at it as a floor and then you look
- 13:55at every other retail out there. All right.
- 13:59When you own a shop, Walmart charges you 3 times their
- 14:06initial cost. That's normal.
- 14:09That is normal operating procedure, so if it actually
- 14:14cost $47,000 to produce every Bitcoin, you should assume the
- 14:21actual market value should be about 1:43-ish. 141 right around
- 14:29there. So you're, you're actually
- 14:32getting an asset that should be valued at 141, you're getting
- 14:37it. For 1:15.
- 14:41All right. You're actually getting about a
- 14:4326% discount. That's on sale, folks.
- 14:52And remember, we don't want this to jump up quickly because if it
- 14:58jumps up quickly, it falls quickly and you don't want those
- 15:05drops. Number one, if it shoots up to
- 15:09$200,000 tomorrow, it's never coming back down to 115 because
- 15:19if it shoots up and it hits 200,000, the correction will be
- 15:25at about 131 ish, 132, maybe 128, but that's it.
- 15:34You'd never see 115 again because then we have a higher
- 15:39high, which will set a higher low because you have to
- 15:43understand accumulation levels. That's where we're at right now.
- 15:49We're at an accumulation. People who are willing to sell
- 15:56right now, they see it as a decent price.
- 15:59People who are buying it right now, they see it as on sale.
- 16:04And that's where they're going to meet at, at at your by wall
- 16:08and at your cell wall. Well, you guys, I don't know if
- 16:12you know that. I don't know if you know this,
- 16:15but there's only 21 million of these mother pluckers that are
- 16:19ever going to exist. And with a having a schedule
- 16:24every four years, that yearly supply drops and drops and
- 16:29drops. And you don't think Michael
- 16:31Saylor is like a coke person in the 1980s?
- 16:39That guy's trying to snort so many Satoshi's right now.
- 16:46He's literally going to clean his house for years because he
- 16:52understands what I understand. Don't look at the price, look at
- 16:58the value. That's completely different.
- 17:04The price is irrelevant to the value because the value is you
- 17:11guys and me actually being future whales.
- 17:15If I actually told you in 10 years you will be worth $10
- 17:20million. If you're willing to wait for
- 17:23it, would you wait 10 years if you knew you were going to be?
- 17:29I guarantee you wouldn't jaywalk.
- 17:34If you knew in 10 years that you're going to be a
- 17:39multimillionaire, you'd quit smoking.
- 17:42You'd. Jog.
- 17:43You'd eat right? You'd be like, you know what?
- 17:45Hell with that, I'm really rich. That's how we need to look at
- 17:50this. We don't want to look at the
- 17:53dollar value. We want to look at how much
- 17:56Bitcoin we have because as we go up in price.
- 18:01Less and less people are going to want dollars.
- 18:04So you look at the value of the accumulation of the actual
- 18:10Bitcoin you're getting. Forget the dollars.
- 18:13That's why I love when I hear, oh, you know, people are taking
- 18:17profits. You're taking profits into what
- 18:22you're selling. Something that appreciates for
- 18:25something that hyperinflates. Yeah, good choice you dip shit.
- 18:33I mean, that is the equivalent of going to the bar with your
- 18:40hot wife and leaving with a fatty, OK?
- 18:43OK. OK, OK, OK.
- 18:48And Speaking of hot wives, Nico, how the hell did you do that?
- 18:57I know you guys have asked the same questions in your head
- 19:01because every time I see her, I'm like no, no, no.
- 19:04He he's either rich, which I know they got together when he
- 19:10wasn't rich, or he's swinging. All right, all right, let me,
- 19:18let me pick himself. Sorry guys all I'll.
- 19:21Say, too is like, you know, we love, we love everybody here at
- 19:25simply, you know, Oh man, we love all wives here at Simply.
- 19:29Hold on, hold on. Let's give him some.
- 19:31No, no, no, no, no, no, no. Let let me be honest, no one
- 19:34loves a fat wife. Oh, we.
- 19:41Love. Everybody.
- 19:43Bitcoin Bet is just he's just throwing some jokes around and
- 19:46it's hilarious. OK, All right, let's, let's
- 19:49let's pinpoint it. We promise you guys that we
- 19:51would pinpoint where the quote UN quote price suppression is
- 19:55coming from. And then we got we got a great
- 19:58RIP from Ben. All right.
- 19:59So from what we can see here guys.
- 20:02You know, everyone wants to make the case that it's a bunch of
- 20:05paper Bitcoin. It's the Larry Finks of the
- 20:07world. You know, the corporate
- 20:08treasuries, the ETF, they're suppressing the Bitcoin price.
- 20:12But from what we can see on chain, from all of the data
- 20:15coming out in the last week, it's just what we've been
- 20:19saying, it's a lot of people are dumping Bitcoin.
- 20:21We've been covering this and that's the beauty of Bitcoin.
- 20:24You know, it's a public Ledger. You can see where the movements
- 20:27are coming from. And we talked about this last
- 20:29week, there was 80,000 coins that hit, or rather Galaxy
- 20:34Digital seem to have moved 80,000 coins.
- 20:36And we were all wondering what are they doing?
- 20:38Well, they have sold about 70,000 of that Bitcoin and we're
- 20:42still kind of waiting to see if they're going to sell the last
- 20:4410,000 Bitcoin of that $80,000 tranche.
- 20:48And then going further, we're seeing even more old wallets
- 20:51wake up. We saw another whale from 2011
- 20:54sell 14,000 Bitcoin. Everyone's wondering what is
- 20:58going on. Of course, as we've been saying,
- 21:00if you're an OG and you're, you know, selling some coins right
- 21:02now, can you really complain? Can you really get mad at them?
- 21:06Of course they'll like Bitcoin, Ben said.
- 21:08You know, what are you selling it for?
- 21:09You're selling it for dollars. What's going on?
- 21:11And even further, we've seen some 15 year old coins around
- 21:153962 Bitcoin move and it's just keeps going on guys.
- 21:20So if you're wondering where the coin is coming from, it's old
- 21:24wallets waking up. We saw another 2000 bitcoins
- 21:26from a 10 year old wallet move. We saw another 4462 Bitcoin held
- 21:32in Coinbase prime custody move to the Coinbase exchange.
- 21:36And the real, real question for me personally, and I think this
- 21:40is one of those ongoing debates that we've had in Bitcoin is
- 21:44this idea of how much lost Bitcoin quote UN quote lost
- 21:46Bitcoin is the really. And someone kind of posed that
- 21:50question. The theory that millions of
- 21:51coins are lost is probably going to be end up being pure BS.
- 21:55And Sonny goes, I've been saying it all along.
- 21:58As you can see, there is some OG holders that been holding
- 22:01Bitcoin for 10-15 years and all the, you know, million plus
- 22:07Bitcoin that we've kind of been wondering whether they're lost,
- 22:10whether people have, you know, no access to that coin.
- 22:13It's turning out that they're just been OG holders that are
- 22:16holding it forever. So the real question here, and I
- 22:19brought this chart up yesterday. We didn't really get a too much
- 22:22of a chance to really dive into it.
- 22:25But again, I brought this yesterday.
- 22:27It looks like the institutional investor out here or rather the
- 22:30retail through institutions are scooping up all this Bitcoin
- 22:35while, you know, smaller retail are selling their Bitcoin right
- 22:38now. Now, I don't know where Wales
- 22:40would kind of align in this chart here, but we are seeing
- 22:44old wallets, old coins start to move on chain.
- 22:47They're being sold into the market.
- 22:48And like Nico was saying, the fact that Bitcoin is holding up
- 22:52this strong around this time is absolutely credible.
- 22:55In the past, if we were selling, or rather if we were seeing 10s
- 22:59of thousands, literally, I think if you do the math, that's about
- 23:01110,000 coins being sold into the market right now.
- 23:05We would be getting the best discount possible here, and we'd
- 23:09probably be in a prolonged bear market.
- 23:12And right now, Bitcoin's still at all time high essentially,
- 23:15and it's very healthy. I think this is a very healthy
- 23:17dip here. I think this is, as someone in
- 23:20the chat said, like the bull runs not cancelled.
- 23:22I think it hasn't even started yet.
- 23:24Anyways, Nico, you kind of went in on this already, so I'm going
- 23:27to pass it over to Ben here real quick.
- 23:29We're seeing a lot of old coins move.
- 23:31I did get. Brit news from Twitter, though I
- 23:34didn't want to. What you got what you got?
- 23:36So Adam Back is claiming that Novogratz man and not using TWAP
- 23:43apparently. Personally, I woke up to this
- 23:45this morning. It's all Bitcoin down.
- 23:46Smash smash bot. Thanks for the cheap sats
- 23:49Novogratz. Yeah, so I I've heard.
- 23:51Him back is claiming that Novogratz was the person who
- 23:55sold Yeah. I mean, that's Galaxy Digital.
- 23:57Galaxy. Digital, yeah.
- 23:58And and T WAP, I forget what the acronym is.
- 24:00It's but essentially what he's saying is like Novo woke up and
- 24:04just market sold his Bitcoin instead of using some fancy
- 24:09engineering to sell little bit of Bitcoin to not move the
- 24:11price. He's just like smash sell again,
- 24:15cheap Bitcoin. This is good man.
- 24:17This is I, I love to see this, especially where we are right
- 24:20now. The the market is very healthy
- 24:22and strong in my opinion. Absolutely, Absolutely.
- 24:26All right, everybody, it's going to be an incredible show.
- 24:28We got Bitcoin Ben in the house today.
- 24:30We got 762 of you guys watching live just on YouTube alone. 1130
- 24:37of you guys watching live on X and Rumble is popping off.
- 24:41Rumble, the Rumble audience, me and Ben are going to do a Rumble
- 24:45exclusive July 29th coming up. It's going to be fantastic and
- 24:51you know, me and Ben are going to be able to say some things,
- 24:54which is going to be interesting and talk some talk about things
- 24:58that are outside the Overton window.
- 25:00So anyways guys, before we start the show, I do want to give a
- 25:04very special shout out to Simply Bitcoins lead sponsor again, the
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- 25:58All right, everybody, let's hit the numbers.
- 26:00We have tons to talk about. We will be right back in just a
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- 27:38recording the Bitcoin prices 116,220 dollars block height
- 27:42907,151 sats per dollar 860 sats per dollar Market cap 2.31
- 27:50trillion Bitcoin versus gold market cap 9.78% Decline from
- 27:55all time high -5.6% Realized monetary inflation .84%
- 28:01Continuing to school Fiat currencies.
- 28:04Anyways, talk about funny ass moments.
- 28:08Yesterday Trump went to the Federal Reserve and he had some
- 28:14interesting, you know, back and forth with Jerome Powell.
- 28:18This is like comedy. This is this is comedic gold.
- 28:22I felt like I was watching an episode of The Apprentice,
- 28:25except The Apprentice is the is the president.
- 28:28I guess the way he treated the like it was fantastic
- 28:32television. I have to show you guys the
- 28:33clip. The reason why I wanted to.
- 28:36See, it was the. Overruns of the expenses.
- 28:38Wanting to figure out why. So we're taking a look and it
- 28:44looks like it's about 3.1 billion.
- 28:46It went up a little bit or a lot, so the 2.7 is now 3.1.
- 28:52I'm not. Aware of that.
- 28:53Yeah, it just came out. Yeah.
- 28:55I know I haven't heard that from anybody at the Fed.
- 28:59Yeah, it just came. In our notice added about 3.1 as
- 29:05well. 3.1. 3.2 This came from us.
- 29:08Yes, I don't know who does. That you're including the Martin
- 29:14renovation, you just added entire capital.
- 29:17You just you just added in a third building is what that is.
- 29:19That's a third building. It's a building that's being
- 29:22built. I know it's been.
- 29:23It was built five years ago. We finished Martin five years
- 29:26ago. It's.
- 29:27Part of the overall work. So, so we're going to take a
- 29:32look, we're going to see what's happening and it's got a long
- 29:37way. Do you expect any more
- 29:38additional cost overruns? Don't expect them.
- 29:41We're we're ready for them. But we, we have a little bit of
- 29:44a reserve that we'll, we may use.
- 29:46But no, we don't expect to be finished in 2027.
- 29:50We're well along, as you can see.
- 29:53Nice to take these off every once in a while when we're not
- 29:56under too much danger. So any questions?
- 30:01Oh man, fucking hysterical. Oh man, that was comedic gold
- 30:08dude Holy cow. I can't I can't even that that
- 30:12by Trump was like that was pure gold.
- 30:15That was like that felt like it was like from ATV show.
- 30:19That did not feel like it was real.
- 30:21Again, like highlighting the ludicrous of it's a $3.2 billion
- 30:29renovation. Like what type of building it?
- 30:32Like, what are they building over there, man, $3.2 billion
- 30:37renovating the Federal Reserve. It's crazy.
- 30:39No, but here's the news. Here's the news the day after
- 30:43that press conference. Check this out.
- 30:45President Trump says he thinks Fed Chair Jerome Powell might be
- 30:49ready to lower rates. So this is the art of the deal.
- 30:52You know, he went in there kind of, you know, highlighted the
- 30:55ludicrous of all of it. And, you know, you could see
- 30:59Jerome Powell was super uncomfortable.
- 31:02And then Trump is just, he's a, he's just a showman.
- 31:05Like it was, it was hilarious. So I'm going to pass it on to
- 31:08Ben. Ben, keep in mind, we are on,
- 31:11on, we are on YouTube and we will, we want to be friendly to,
- 31:14to, we, we want to adhere to the community guidelines.
- 31:17What are your thoughts on Trump man, 'cause he went on.
- 31:23I absolutely love it because as an organization that is the most
- 31:30evil organization ever created, quote UN quote, for the American
- 31:36people. It isn't that they don't know
- 31:40what they're doing or they're stupid or anything like that.
- 31:44They have an agenda. Their agenda is Rob from the
- 31:50labor of the American people and transfer it into the government.
- 31:55That's what the Federal Reserve's job was to do.
- 32:00When they say, well, our job is to handle unemployment, let me
- 32:09say that a different way. Our job is to manage the slaves.
- 32:16Now, what's their second job? Price stability.
- 32:21That's just like saying, hey guys, we have something that's
- 32:28called the Patriot Act and it's basically going to take away all
- 32:33your freedoms. But it's got a good name.
- 32:38It's all junk. It's all trash.
- 32:42That's why Trump is actually going after the Federal Reserve,
- 32:47because he isn't. Trump knows this.
- 32:52He's a real estate guy. He he realizes that the Federal
- 32:57Reserve unnaturally sets the price of money, which is
- 33:03interest rates, and they produce the money.
- 33:10That's like a friggin pimp hiring one of his own hookers.
- 33:17That it, it's insider, insider trading and all of these Wall
- 33:26Street guys, everyone from Bloomberg, and they're all
- 33:30stupid. They're either stupid or they're
- 33:33in on it. Because let's think about it,
- 33:36right? We have an SEC.
- 33:38What's your job? Or make sure nobody's messing
- 33:41with the market. Make sure nobody's manipulating
- 33:45the markets or the exchanges or anything.
- 33:48Well, hey there, how about you look at the Federal Reserve, the
- 33:53ultimate manipulator of the unit of exchange that we all use.
- 33:59That's. About the biggest manipulator
- 34:01you can have. And in their charter it says
- 34:05they have to manipulate. So Wall Street and all of these
- 34:11wealthy billionaires and all of these banks, they literally rob
- 34:16us with a smile and then they go after the plebes.
- 34:21If they happen to launch a successful company that they
- 34:25don't like or actually compete with one of theirs, they send in
- 34:30the short sellers. You know what is what a short
- 34:34seller is it? It is a corporate assassin.
- 34:40That's what a short seller is. And they're all funded by the
- 34:44government because they're funded by the Fed and Bloomberg
- 34:49and all of these different major financial corporations work
- 34:53along along with the media, and they short sell any company that
- 34:59gets out of line. Why do you think Michael Saylor,
- 35:03why do you think that Bill Gates is short selling micro
- 35:08strategies? You think he's trying to
- 35:10accumulate a little bit more money?
- 35:13You think he gives a crap? No, it's an agendic.
- 35:17Move he political aggressive and Michael Saylor's A conservative.
- 35:25It's the agendic move to try and destroy the leaders of the next
- 35:31system because you're going through a transition of
- 35:35leadership. And all of the whales, my God, I
- 35:39hope they're all billionaires. Because if you think of the old
- 35:42whales, who are they? They're libertarian, freedom
- 35:47minded, wanting to run some software that tears down the
- 35:52world, IMF, the World Bank, the world monetary system that has
- 35:57robbed and raped our people. And I don't just mean Americans,
- 36:02people all across the globe who have robbed and raped us all
- 36:06with a smile on their face at the same time telling us that
- 36:10they're the ones bringing the stability, when really they just
- 36:14bring us war and death and frigging disease and everything
- 36:19else. This whole globalist system is
- 36:22an evil construct created to destroy the souls of all humans.
- 36:30Dropping bars, man. I completely agree.
- 36:32I mean, you're describing the cantillionary effect then.
- 36:35And essentially, like the way that you guys should look at it
- 36:38is basically every time the Federal Reserve prints money,
- 36:42it's a wealth redistribution mechanism from the lower middle
- 36:44classes that don't have the means to save in assets to the
- 36:47very, very wealthy. And then that makes the
- 36:52inequality bigger and bigger and bigger and bigger.
- 36:54And that empowers all these corporations that are in close
- 36:59proximity to the money printer. So, you know, the way that Ben
- 37:03is describing it, we've, we've talked about the evil of the
- 37:06Fed. We've talked about that the, the
- 37:08fact that the Fed is the number one cause of wealth inequality.
- 37:13We've talked about not only us, but even Naimbu Kelly has said
- 37:17this, like through inflation is how they control people.
- 37:21You know, it's, it's how it's, it's a, it's a system of
- 37:24control. This is why people can't get
- 37:26ahead. And this is what bitcoiners are.
- 37:29What this is what we're all trying to get the message out is
- 37:32that the money is fundamentally broken.
- 37:34If you opt out into Bitcoin, all of a sudden you're not within
- 37:37that system anymore. And all of a sudden all you got
- 37:40to do is just hold it and your life will get progressively
- 37:45better over time. You will get progressively
- 37:48wealthier. You will get progressively well,
- 37:51you know, you'll, you'll, you'll, you'll, it's, it's just
- 37:54a waiting game. It, it's not like it, it's not
- 37:57rocket science. Like figure out how to mine that
- 38:00Fiat, put it in Bitcoin, wait a couple cycles and you're gonna
- 38:05be in a much, much better place than where you were, you know,
- 38:10before you started, you know, moving on to the Bitcoin system.
- 38:14That is an act, that's a fact. And what what Ben was saying
- 38:18regarding the evils, regarding what they've done, this whole
- 38:22central banking system has done this to the world, right?
- 38:26And we are witnessing a, a pivotal shift.
- 38:30I would say we're entering into this, you know, new era in human
- 38:35history where essentially everything is decentralizing,
- 38:38whether it's media, whether you know, it is, you know, whatever
- 38:43it is like it is, it's a, it's a, it's a whole new world.
- 38:47Things are getting shaken up. And, yeah, and, you know, Trump
- 38:51was in the belly of the beast, but I think Trump was calling it
- 38:54out. Trump was calling the ludicrous,
- 38:56like, what type of building cost $3.2 billion to renovate?
- 39:01That is an absurd amount of money, right?
- 39:05Like, what are they doing with that?
- 39:06You know, and, and he's rightly so calling it out.
- 39:10And of course, he did it because, as we've been saying,
- 39:14we've had Caitlin Long on the show.
- 39:15We've had many people on the show to kind of confirm this.
- 39:20They are manipulating the the Fed isn't acting in a neutral
- 39:25fashion. They're acting politically
- 39:28against Trump, right? And so he's going in there and
- 39:31he's kind of, you know, art of art of the dealing it to try to
- 39:35get finally the Fed to lower rates, right.
- 39:38So yeah, it's it's it's an interesting situation, but this
- 39:43is what Bitcoin is for. This is what Bitcoin in self
- 39:45custodies for Opti. Real quick take before we move
- 39:49on to the news. Yeah, I mean, my first thought
- 39:51when I saw this video was like everyone else, like this has to
- 39:54be AI because this is just absolutely hilarious and and it
- 39:57is a show and it is theater and it is entertaining.
- 40:01But it was on the news like this, this actually happened.
- 40:06And it is very interesting to see what's going on between
- 40:09Trump and Powell, basically like the wrestling match or, you
- 40:12know, the fight, the tug of war we are seeing right now in
- 40:15regards to interest rates. And, you know, the funniest part
- 40:18to me was just kind of not only was Trump hilarious, but
- 40:21Powell's responses to what he was saying was even funnier.
- 40:24He's like looking at him giving weird side eyes and, you know,
- 40:27pulls his glasses to read it. We live in the best timeline is
- 40:30all I can say. This is getting just even more
- 40:33entertaining than we could even imagine.
- 40:35And I think it might only be entertaining for us because
- 40:37we're Bitcoiners and we can watch this all play out kind of
- 40:40from the sidelines and be like, what an absolute shit show this
- 40:44is. And you know, as Bitcoiners
- 40:46you're like, hey, just sounds like more money is being created
- 40:49and going to go into Bitcoin. So sounds good to me.
- 40:53Absolutely. All right, everybody.
- 40:54We're going to be right back. We're going to hit the news
- 40:56segment of the show and we're going to be talking about El
- 41:00Salvador versus the IMF. So it's going to be quite
- 41:04interesting. We'll be right back in just a
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- 43:29today with Kohl's card. All right everybody, we are back
- 43:37we're going to talk about El Salvador and the IMF.
- 43:41So Naibu Kelly, you know, I remember like the, IT was
- 43:46yesterday, the IMF basically part of the loan structure that
- 43:53they gave to El Salvador, one of the conditions that they had was
- 43:57that I the Bitcoin could no longer be legal tender in El
- 44:01Salvador. Now here's the thing though,
- 44:06it's still, you could still use it as a currency and you don't
- 44:09have to pay, you know, the quote UN quote capital gains.
- 44:12So it's still essentially functioning as tender, but the
- 44:17IMF was hell bent on it not being legal tender.
- 44:22Now I have a theory for this. My theory is what they so feared
- 44:29is that people would equate Bitcoin to Fiat.
- 44:34They would put it on the same level.
- 44:35And the reason that scares the living daylights out of them is
- 44:40because Bitcoin proves that money can exist without
- 44:44inflation. It proves that right.
- 44:48So if God forbid for them, if in El Salvador Bitcoin succeeds and
- 44:56it continues to just honey badger on and prove that it's
- 45:01not only money, but it's actually better money.
- 45:05It fundamentally calls into question Fiat itself because
- 45:10we've been sold by the quote UN quote economist that somehow,
- 45:17for whatever reason, money has to lose purchasing power in
- 45:21order to function. Bitcoin proves that that is not
- 45:24true. This is why they had to reverse
- 45:28it. This is why right now Bitcoin is
- 45:30seen as quote UN quote, A commodity, right?
- 45:32Bitcoin's a commodity. No, no, no, no, Bitcoin is
- 45:35money. You can use it as money.
- 45:38It functions as money. Yes, you can say that it has
- 45:41similarities to a commodity, but it's, it's money, it's
- 45:44peer-to-peer money, right? But again, if you're coming from
- 45:50the old system, right, a system of control and, and this is well
- 45:56documented, guys, this isn't just us, you know, talking
- 45:59whatever we want on, you know, on, on, on, on, on our, you
- 46:03know, on our channel. Like there's a, there's a whole
- 46:06book about this. There's, you know, confessions
- 46:08of the, of the economic of, of an economic hitman.
- 46:11And, you know, Alex Gladstein, he's just wonderful work kind of
- 46:14exposing, you know, how the IMF is basically using these loans
- 46:21to control a lot of these countries.
- 46:23And it was quite interesting because in 2021, after after
- 46:29Naimbu Kelly announced that Bitcoin was going to become
- 46:32legal tender, I was expecting so many countries to follow.
- 46:37And the next year, it's almost like it got stopped in a
- 46:40heartbeat. And I could never understand.
- 46:42I could never find out the reason as to why that was
- 46:45happening. The moment they went to El
- 46:49Salvador, they said, hey, we'll give you that loan as long as
- 46:53you don't buy Bitcoin. It clicked in my head in a
- 46:58millisecond. Like I was like, oh wow, I get
- 47:02it now. The reason as to why more
- 47:06countries haven't made Bitcoin legal tender is because 100, I
- 47:11think it's like 100 countries have dealings with the IMF and
- 47:15they specifically shot across the bow, told everybody that if
- 47:21you want our SP Rs, you can't make Bitcoin legal tender.
- 47:28The fact that the IMF is so concerned about a country that
- 47:33has the that has the GDP of $32 billion should tell you
- 47:37everything about whether we are over the target or not.
- 47:41Why are they so concerned? And we always get lectured
- 47:45about, we always get lectured about the importance of
- 47:47democracy. This is a democratically elected
- 47:52leader. This is a democratically elected
- 47:55House and a democratically elected Congress.
- 47:59And they democratically voted to make Bitcoin legal tender in
- 48:04their country. And this is an international
- 48:06organization that is dictating what a sovereign country can and
- 48:12cannot do with their money. That should tell you everything
- 48:16you need to know about who is actually controlling what.
- 48:22And don't take my word for it. Look, all this stuff.
- 48:25Look all this stuff up. What I just said, why is the IMF
- 48:30dictating what El Salvador is doing?
- 48:33Why they can say, oh, it's because they want to give him a
- 48:37loan. Well, initially when the IMF
- 48:42reacted and they used the legacy media to kind of, you know, back
- 48:46it up, when they made Bitcoin legal tender the first time,
- 48:50they said it was going to be a disaster for the country.
- 48:54They said it was gonna destroy the economy.
- 48:56They say it was gonna destabilize the country.
- 48:59Those are all the things that they said was gonna happen.
- 49:02You know what happened to the economy of El Salvador?
- 49:05It exploded. You know what happened to
- 49:09security in El Salvador? It went up.
- 49:12It is one of the safest countries in the Western
- 49:14Hemisphere. Naimbu Kelly right now is the
- 49:17most popular president in the Americas, like 90% approval
- 49:24rating. Do you think it's a coincidence
- 49:25that the first country that made Bitcoin legal tender has the
- 49:28most popular president? No, what you're witnessing is an
- 49:32alignment of incentives. That's what you're witnessing.
- 49:36And the old system, which Ben describes, is a system of
- 49:42control. It's a system of, you know, from
- 49:44a Christian perspective, right? It's a system of usury.
- 49:48That's what it is. It's user it, it's, it's based
- 49:51on theft, inflation, monetary debasement.
- 49:55You spend your time working, right all day long, you know, to
- 50:00make a salary, to make a living for your family.
- 50:03And every time the government prints money, that money that
- 50:06you earned loses purchasing power.
- 50:10How can you not describe that as theft?
- 50:14Now, Ben used some stronger words, but it it's the same
- 50:17thing. That's what it is.
- 50:19Because we did not agree to this.
- 50:22We we never agreed to this. We we agreed.
- 50:25And you mean that's a whole other discussion.
- 50:27But I'm going to say, well, there's a whole other
- 50:29discussion, but we agreed to the income tax, we agreed to
- 50:32property taxes. It's in law, right?
- 50:34It's in law. It's there, right?
- 50:36Whether you like it or not, we can have that discussion.
- 50:39Ben and I are probably gonna have that, that discussion on
- 50:42Rumble, right, 'cause that's another, that's a huge Rob.
- 50:44That's a huge rabbit hole. The, the, you know, again, the,
- 50:49the Federal Reserve has established 1913.
- 50:51The income tax was established 1913.
- 50:53That's not a coincidence. My friend and Ben and I are
- 50:56gonna talk about this on Rumble, but put that aside.
- 51:00It's still part of the social contract.
- 51:04It's still a law. No one has agreed about the
- 51:08money tax. No one.
- 51:10We have not agreed to it. In fact, if people knew the
- 51:13truth, I think they would get very, very upset, right?
- 51:18So This is why the IMF did what they did with El Salvador,
- 51:22because they could not allow Bitcoin to get a beachhead in a
- 51:25sovereign country to prove that is a superior currency to Fiat.
- 51:29That's what it was about. It was about control
- 51:31fundamentally. So El Salvador has been buying
- 51:36Bitcoin continuously since they did the deal with the IMF.
- 51:43The deal with the IMF had a stipulation that basically said,
- 51:47hey, you guys are not allowed to buy more Bitcoin.
- 51:52Naimbu Kelly said we are going to buy more Bitcoin regardless.
- 51:57The IMF came out yesterday. Oh, I didn't download this clip.
- 52:00Opti, let me let me do this real quick 'cause I don't think it's
- 52:04gonna play. But the IMF came out and they
- 52:09said yesterday on a Zoom meeting, which which we're gonna
- 52:14show to you guys right now, because right now no one really
- 52:17knows. Like people are basically
- 52:20speculating that, you know, the IMF, you know, that Naimbu Kelly
- 52:26is just moving wallets around. They're not stacking Bitcoin.
- 52:29Naimbu Kelly was very clear. Stacy Herbert was very clear,
- 52:33Max Kaiser are very clear about what they're doing right.
- 52:38And you know who's lying is my question.
- 52:42And if you look at the track record again, guys, like this
- 52:46isn't just a, a, a, my personal opinion.
- 52:49Read the book Confessions of the Economic Hitman.
- 52:53This is not an institution. Maybe it was created with a good
- 53:00intentions, right? But we all know the, the phrase
- 53:03the the road to hell is paved in good intentions, right?
- 53:06Maybe it was created with good intentions, but what it's
- 53:09actually doing is not very good. So here's a clip from this kind
- 53:14of Zoom meeting where someone asked basically like is, is El
- 53:17Salvador stacking and what not? And then we'll kind of open up
- 53:20the discussion. Let's check it out.
- 53:23Regarding the questions on Bitcoin, I don't have much new
- 53:29to say other than as we have stated in the past, the total
- 53:35amount of Bitcoin held across government owned wallets remains
- 53:40unchanged and that is consistent with El Salvador's program
- 53:44commitments. The accumulation of Bitcoin by
- 53:48the Strategic Bitcoin Reserve Fund is consistent with program
- 53:52conditionality and the increases in the Bitcoin Reserve Fund
- 53:56relate to movements across various government owned
- 54:00wallets. So I don't know.
- 54:04I don't know who, because the IMF is saying one thing, I'm
- 54:07Bukele is saying another thing. The reserve is going up.
- 54:12They want to let you know that they are still in control.
- 54:17Naimbu Kelly said it very clear that they have every intention
- 54:19to continue to buy Bitcoin. And yeah, I mean, I don't know.
- 54:26What do you what do you think, Ben?
- 54:28And just keep in mind we are on YouTube and we want to adhere to
- 54:31the community guidelines. Well, that would be easy if
- 54:36they'd actually give us guidelines.
- 54:39But they don't. Just like the IMF, just like the
- 54:43SEC, we're going to let you do what you want to do until you do
- 54:48something we don't like, and then we're going to arrest.
- 54:51You see, the IMF was not created with good intentions.
- 54:58That's a myth. The IMF was created to
- 55:03reorganize the globe under and using the leverage of the US
- 55:11dollar that they were actually taking control of through the
- 55:19Federal Reserve System in America.
- 55:24And this is all lies. Plus, if you look at how she
- 55:28phrased it, oh, it's an accumulation of wallets from
- 55:31across the government. Yeah.
- 55:34Because it's legal tender. Because at the airport, you can
- 55:38pay your fees to enter with Bitcoin.
- 55:43You can pay your taxes in Bitcoin.
- 55:46Yeah, they're accumulating Bitcoin.
- 55:49See, her problem is, is she's a liar.
- 55:53And everyone on that call, if they're associated with her,
- 55:57probably a liar. Why do we keep listening to
- 56:01liars and then assuming they're telling the truth?
- 56:04When a cheater cheats and then says oh I'll never cheat on you
- 56:08again, guess what they're doing? They're cheating on you again.
- 56:12Well, surprise, surpr fucking pride.
- 56:14Excuse my language. This Why do we keep giving
- 56:19credibility to people who are. Not credible.
- 56:25Look at Boo Kelly. I will clean up the streets.
- 56:29What did he do? He cleaned up the streets.
- 56:32I will legalize Bitcoin. What he do?
- 56:34He legalize Bitcoin? I will improve the lives of my
- 56:38countrymen. What has he done?
- 56:40Improve the lives of his countrymen?
- 56:42When a liar lies, trust, they're lying.
- 56:45When someone who who has consecutively told you the truth
- 56:49tells you something, assume it's the truth because your judgment
- 56:53is actually based on the past experiences with the personal
- 56:58entity. The Federal Reserve was created
- 57:04to transfer wealth out of the free economy into the
- 57:10government. That's it.
- 57:14Through inflation and through the ability of the federal
- 57:19government to sell Treasuries to the Federal Reserve to create
- 57:25currency, they leveraged our labor, our future labor, for the
- 57:32realization of the monetary power into the federal
- 57:37government at the time. Without the Federal Reserve,
- 57:41World War One would have never happened.
- 57:43Without the Federal Reserve, World War Two would have never
- 57:46happened. So what have we gotten from the
- 57:49Federal Reserve? We've all freaking gotten poorer
- 57:53and millions of us have gotten killed.
- 57:58I'm not seeing the positive here.
- 58:00A. 100%, I 100% agree with you, Ben.
- 58:03And we've talked about this many, many times.
- 58:05You know when look back in the Middle Ages, the wars would end
- 58:11when the king would run out of gold, right?
- 58:13They would literally the soldiers would literally pack
- 58:15up. And go home, right?
- 58:17Like that's literally what would happen.
- 58:19Like, don't take my word for it again, do your own research, but
- 58:22you can verify this, right? Fiat enables endless wars and it
- 58:27in fact, it makes it, it's, it's evil.
- 58:30And I got Ben's 100% on the dot here.
- 58:33Like it, it allows it makes it profitable.
- 58:38It it incentivizes it, right? If you're on a sound money
- 58:41standard, war becomes expensive and you're actually incentivized
- 58:48to, you know what to transact, right?
- 58:51You're incentivized to actually for, for a free market to do
- 58:55what free markets do best, which is the best way to organize a
- 58:58society without, without cohesion, so without coercive
- 59:05measures. And that's the that's the signal
- 59:08there, right? You know, Ben hit the nail on
- 59:11the head is that Fiat fuels endless wars.
- 59:14And I'm going to refer to Ron Paul's quote.
- 59:18It's not a coincidence that the century of central banking
- 59:21happens to be the bloodiest century in human history, right?
- 59:25Like it, That's not a coincidence, guys.
- 59:27And when, you know, Ben went off earlier on about the evils of
- 59:31the Fed, like I'm telling you, like it it, it's not OK.
- 59:38It's not OK what they do. And the IMF, I would say is an
- 59:42extension of that. It's an extension of this this
- 59:44institutional system controlling people through money.
- 59:48And that's why, you know, and to kind of wrap it like loop it in,
- 59:54Jeff Booth makes this case that that the natural state of the
- 59:59free market is deflationary, right?
- 1:00:03And the only way that you're feeling the natural state of the
- 1:00:07free market is by adopting Bitcoin.
- 1:00:11Because when you adopt Bitcoin, every single thing, what Ben was
- 1:00:15saying in the beginning of the show about you getting rich,
- 1:00:17every single thing around you will get cheaper over time.
- 1:00:22So that car that you want, that real estate that you want, the
- 1:00:26food, the groceries, if you're saving in Bitcoin, everything is
- 1:00:31getting cheaper, getting progressively cheaper.
- 1:00:34So that house that you wanted cost you 100 Bitcoin four years
- 1:00:37ago today, maybe cost you 4. Was it a good idea to buy the
- 1:00:42house? Or was it maybe a good idea to
- 1:00:44rent the house? You know, here we go again,
- 1:00:47right? So actually.
- 1:00:50Actually, that's really something we should actually
- 1:00:53talk about is how how as we move forward, this new currency, the
- 1:00:59friggin Bitcoin that we all love, it is actually an
- 1:01:05efficiency and quality generator because you have to actually
- 1:01:10build a higher quality product to actually convince the people
- 1:01:17who own the Bitcoin to buy it with Bitcoin.
- 1:01:21Because if you offer a crap product, they're not going to
- 1:01:26lose, They're not going to send you their Bitcoin for something
- 1:01:29that that isn't quality. So this not only a amazing
- 1:01:35monetary unit, is also a cultural improvement unit.
- 1:01:44Yeah. Yeah, and you see.
- 1:01:46This with the quality of products decreasing.
- 1:01:48You used to be able to buy a fridge, you know, Like you see
- 1:01:52these videos, someone buys a fridge for the 1950s and that
- 1:01:56thing is still running and it's made out of steel, you know, and
- 1:02:01you buy a fridge today and that thing break.
- 1:02:03It might be a quote, UN quote smart fridge with all the tech,
- 1:02:06technology and all that stuff. But you know, that thing breaks,
- 1:02:10it breaks. You know, within two years you
- 1:02:12have to, you know, you have to buy another fridge that that's
- 1:02:15something called, it's a phenomenon called shrink
- 1:02:16flation. So what's essentially happening
- 1:02:19is that companies are forced to try to keep the prices steady,
- 1:02:25but because the money's losing purchasing power, they have to
- 1:02:27cut the quality of the products in order to maintain that stable
- 1:02:31prices. Now, here's the kind of evil
- 1:02:33doom loop, right? Because people that are not
- 1:02:35educated on inflation and on how the Federal Reserve works, the
- 1:02:39corporations get get blamed for quote UN quote, price gouging.
- 1:02:44They're not price gouging anything.
- 1:02:46That's not how a free market works.
- 1:02:47If you price gouge, what you're doing is you're allowing your
- 1:02:51competitor to make to just, OK, you're gonna charge too much,
- 1:02:56I'm gonna charge less. I'm gonna get your customers.
- 1:02:58That's not how the free market works, right?
- 1:03:01You can't. And then this is the crazy part.
- 1:03:03And then I think this is an educational component, is that
- 1:03:06the free market determines what the price of goods are.
- 1:03:10It's not a central bank, it's not the state, it's not the
- 1:03:14government. It's the free market that
- 1:03:16determines the prices of goods. And this is what people.
- 1:03:20Have to wrap their heads. Around and another thing that
- 1:03:22I'll say is the reason as to why Bitcoin shows you that the
- 1:03:29natural state of the free market is deflationary is, is because
- 1:03:33it's the only currency in the world that is sufficiently
- 1:03:38decentralized and secure. So therefore it cannot be
- 1:03:43manipulated, right? And that is why everything gets
- 1:03:47cheaper compared to Bitcoin is the only currency that cannot be
- 1:03:53manipulated. And you want to know why to
- 1:03:56weave it, loop it back in, And then we're going to talk about
- 1:03:59Bitcoin Ben's clubs that are a worldwide phenomenon and his
- 1:04:03resorts in El Salvador and everything he's working on.
- 1:04:05But to kind of weave it back in, you want to know why the IMF
- 1:04:11does not want Bitcoin as legal tender?
- 1:04:14It's exactly for the reason I just told you.
- 1:04:16They. Cannot control it.
- 1:04:19That's what it fundamentally comes down to.
- 1:04:21Anyways, Ladies and gentlemen, let's get to the culture.
- 1:04:23We have tons to talk about. We're going to talk about
- 1:04:25Bitcoin, Ben, his clubs, Private KeyBank and El Salvador and all
- 1:04:31this good stuff. We'll be right back in just a
- 1:04:33second. I want to give a shout out to
- 1:04:36our partner Hive Digital Technology.
- 1:04:39Why Hive in 2025? Unstoppable growth as the first
- 1:04:43ever public miner. Hive's position to quadruple
- 1:04:47their global footprint, making them one of the world's fastest
- 1:04:50growing miners in 2025. And with elite operations that
- 1:04:55consistently topped the industry in Bitcoin mine, per Exahash.
- 1:04:59Hive's now headquartered in the USA.
- 1:05:01They're lean and mean. They're green and clean, and
- 1:05:04they're rewriting the playbook on sustainable Bitcoin mining.
- 1:05:08You can catch the latest buzz at Hive Digital Tech or at Hive
- 1:05:13digitaltech.com. I want to give a shout out to
- 1:05:21our partner Bitcoin Ben dot IO. If you're into freedom Bitcoin
- 1:05:25and building a real community, this is for you.
- 1:05:28Gain exclusive access to real world members only private clubs
- 1:05:33across the globe featuring poker nights, expert LED classes, Co
- 1:05:38working spaces, educational meetups, live events and more.
- 1:05:42Current locations include Sarasota, Nashville, Boston,
- 1:05:46Dallas, Las Vegas and Saint Louis, with new clubs launching
- 1:05:50soon in West Palm Beach, Scottsdale, Alabama and beyond,
- 1:05:55not to mention Bitcoin Bends Resorts and El Salvador.
- 1:05:59There's three of them and they're absolutely beautiful.
- 1:06:02You'll also get access to the first fully backed Bitcoin bank
- 1:06:07with Fiat ramps and savings account.
- 1:06:10It's called private KeyBank and you guessed it, it's based out
- 1:06:14of El Salvador. Go peer-to-peer with Bitcoin
- 1:06:17bulk buys, tap into home equity for long term Bitcoin growth and
- 1:06:22join their exclusive mining pools.
- 1:06:23If you're interested in mining, what are you waiting for?
- 1:06:26Head over to Bitcoin bend dot IO.
- 1:06:29Join today where Bitcoin meets freedom all right, and we got
- 1:06:37the man himself band in the house.
- 1:06:41Let's talk about Bitcoin band dot IO guys.
- 1:06:45You know I had a really good meeting with a friend of mine
- 1:06:50yesterday. He's pretty well known in the
- 1:06:52space and there's something that he said that kind of really
- 1:06:57resonated with me. And you know, he, he, he doesn't
- 1:07:01live in, in South Florida like I do.
- 1:07:03So he's here every once in a while.
- 1:07:05And he said something to me. He's like Nico, like, you know,
- 1:07:08we meet every once in a while when I'm here.
- 1:07:10But it wouldn't be the same if we did it over Zoom.
- 1:07:15It wouldn't be the same if we did it over Google Meet.
- 1:07:17There's something about the in person experience that cannot be
- 1:07:25replaced by Google Meets by Zoom, right?
- 1:07:29When Ben and I see each other in person, I think we're like, we
- 1:07:32give each other. We're like, yeah, what's?
- 1:07:34Up. Man, And we just give each other
- 1:07:36hugs and we're just talking. And you feel the energy, right?
- 1:07:40It's part of the reason that I wanted Opte to move down here to
- 1:07:43South Florida is because, again, there's something about
- 1:07:47meatspace, right, that the digital doesn't really equate
- 1:07:52to. And as a Bitcoiner, you kind of
- 1:07:55feel lonely in a way, because most of the world does not see
- 1:08:00the world the way that you do through the orange lens, through
- 1:08:03the lens of optimism, peace, hope, prosperity.
- 1:08:06Ben was dropping the sauce in the beginning of the show.
- 1:08:09He's like, look, you're going to be rich, man.
- 1:08:11Just wait, Just wait it out. You're going to, you're, you're
- 1:08:14sitting and something in 10 years, you're going to be like,
- 1:08:17dude, you remember when Bitcoin is 116,000, like, holy cow,
- 1:08:21right? I, I remember when I got into
- 1:08:23Bitcoin, it was 2016. It was like under 1000 bucks and
- 1:08:26I was like Oh my God, like I am so effing late.
- 1:08:28I am late. I, I, I missed the boat.
- 1:08:31I have friends that were buying this at $100.
- 1:08:33I have friends that were buying at $50.00.
- 1:08:36I missed the boat. I just, I, I still bought as
- 1:08:39much as I could, but I still felt like I was late.
- 1:08:41Now, if you tell me Nico $600.00 Bitcoin, dude, Oh my God.
- 1:08:47I would have been like holy cow. Like it was right.
- 1:08:49It was so obvious it was that the opportunity was right there.
- 1:08:52And you guys just have to do the math in your head.
- 1:08:54It's super, super simple. There's 21 million and there's
- 1:08:58an infinite amount of Fiat. The math, it's Infinity divided
- 1:09:01by 21 million. So where else are you going to
- 1:09:02find like minded individuals that think like you that you can
- 1:09:07actually hang out with in real life in person?
- 1:09:12There's poker, there's educational stuff you want to
- 1:09:15learn about mining, you want to learn about Bitcoin, but in
- 1:09:17person is is what Bitcoin Ben clubs are all about, right, So
- 1:09:22go to Bitcoin Ben dot IO and I want to talk about the different
- 1:09:24locations Opti. So if you could pull that up.
- 1:09:27I've only had, I've only been able to visit the one in
- 1:09:31Sarasota, but now I'm going to, it looks like I'm going to be
- 1:09:33doing a worldwide tour, Ben. But you got the Sarasota club,
- 1:09:38you got Nashville, you got Boston.
- 1:09:40Could you go down Opti a little bit?
- 1:09:41You got Dallas, you got Las Vegas and you got Saint Louis.
- 1:09:45And you were just telling me before we went on air that
- 1:09:49you're on the verge of launching a new club in Scottsdale, AZ.
- 1:09:55So, Ben, did I do it justice? Did I, did I get, did I do
- 1:10:00describing the magic of your clubs?
- 1:10:03Justice, man. The importance of meeting in
- 1:10:06person with other Bitcoiners to talk about Bitcoin, to talk
- 1:10:10about, you know, what they're thinking, their worldview, you
- 1:10:13know, perhaps to play a little bit of poker, to hang out, you
- 1:10:17know, to get educated, you know, talk about mining.
- 1:10:19Ben, the floor is yours. Yeah, actually, let me explain
- 1:10:26why I launched our clubs. And if I get emotional, you'll
- 1:10:33have to forgive me because we're losing our freedoms on a daily
- 1:10:42basis, especially the last four or six years and actually over
- 1:10:51the last 100 years and then some.
- 1:10:55And what I wanted was I wanted to change America.
- 1:11:00Well, how do you? Change America you actually get
- 1:11:04everyday Joe's ex truck drivers and average average common sense
- 1:11:12Americans and freedom loving people all over the world
- 1:11:18together and and you make them wealthy.
- 1:11:21You actually give them the most valuable or help them actually
- 1:11:26get involved in the most valuable shift of wealth ever.
- 1:11:34And this is such an amazing opportunity where the first time
- 1:11:38in history the little guys in front run the big guys because
- 1:11:45the big guys, they exist in the old system.
- 1:11:49And what these clubs are for is for the average people in the
- 1:11:55area to learn about this. Because guys, you and I, we're
- 1:12:02doing great. We're already in Bitcoin, and I
- 1:12:07realized, well, what about everyone else?
- 1:12:11Because everyone's hyped up about wealthy people buying
- 1:12:14Bitcoin. Hey, Michael Saylor, I love you,
- 1:12:18but fuck you. You already rich.
- 1:12:21I love you to death, and I love what you're doing.
- 1:12:24But brother, I don't give a flying fuck if you get richer,
- 1:12:27all right? What I'm worried about is, is
- 1:12:32actually the single mom who has three freaking jobs because
- 1:12:39she's because she has three kids and she's barely getting by.
- 1:12:47Who's who's helping her? Who's looking out for her?
- 1:12:53It's shrink the government and it shouldn't be.
- 1:12:56It should be us, people who are looking around going who needs
- 1:13:00help. This is what we're here for.
- 1:13:05And I am a proud follower of Jesus Christ and I am flawed as
- 1:13:09fuck. But I'll tell you one thing.
- 1:13:12If Jesus was here, he would tell you, help your neighbors, help
- 1:13:20you friends, help help someone you don't know.
- 1:13:25Because just like Michael Saylor, you can't take Bitcoin
- 1:13:30with you. But what you can is you can
- 1:13:32leave changed lives. You can help someone next to you
- 1:13:39that will remember that help for the rest of their lives.
- 1:13:44And like I said, I get emotional about this because I love
- 1:13:48people. I love everybody.
- 1:13:50I love every human out there. I don't care what race,
- 1:13:54religion. Anything.
- 1:13:55I don't care. You are human, you have a soul.
- 1:13:59God granted you the gift of life.
- 1:14:03And we share that life together and we have a group of evil
- 1:14:07people who have come together to try and hurt us.
- 1:14:13Well, I say we all freaking gather up together and we tell
- 1:14:17them to kiss our ass. That's what we tell them.
- 1:14:21And so I don't look at these clubs as just, hey, let's all
- 1:14:25hang out and talk about Bitcoin. These are knowledge armories.
- 1:14:31We're at war, folks, and we need locations all over the world
- 1:14:37where people can actually come in.
- 1:14:41And I also look at them as as hospitals at because a lot of
- 1:14:47broken people walk through our doors and go look, this
- 1:14:51inflation's killing me. I heard Bitcoin can help.
- 1:14:55We're a triage. We are a financial triage.
- 1:15:00Club and very few millionaires walk through my doors, but a
- 1:15:07whole lot of a whole lot of 100 nares do and that's who I'm
- 1:15:13worried about and that's why I did.
- 1:15:17I hope what guys, I'll be honest with you, I'm doing great.
- 1:15:22I I could literally retire right now and live on a friggin boat
- 1:15:28and have a great life. Right, But what life would it
- 1:15:33be? Because hey, while I'm happy out
- 1:15:36on this friggin boat, what about the people on the shores, right?
- 1:15:40We're already in the lifeboat. Why?
- 1:15:43Why don't we row our happy asses right back to the Titanic and
- 1:15:48grab some more people and put them on the boat?
- 1:15:51Because it's sinking and all of the rich people are getting off
- 1:15:56the Titanic because they found out early.
- 1:16:00All, all of us on the lower level, we ain't heard shit.
- 1:16:05We heard a bump and now there's a little bit of water coming in.
- 1:16:10Well, all of the rich people were told earlier, hey guys,
- 1:16:13we're going to need to get you guys in here.
- 1:16:15We're going to need to get you in the lifeboat.
- 1:16:18While all of the broke people who are just looking for a bed
- 1:16:22your life, they're all drowning. And what is rushing into the
- 1:16:29Titanic is the inflation of the water.
- 1:16:34And that's what we're doing. We are killing the people with
- 1:16:38inflation. And we have, for some reason, we
- 1:16:42still have people who give a flying shit what the Federal
- 1:16:46Reserve says. Are we?
- 1:16:49We care what the IMF says. I absolutely love the president
- 1:16:55of El Salvador. It's why I launched my bank
- 1:16:57there, because he don't give a shit about the IMF.
- 1:17:04He's worried about his people. I guarantee he's cried.
- 1:17:09He's cried for his people because.
- 1:17:11No one would take that job unless they were willing to die
- 1:17:15for their people. Yeah, Amen to that.
- 1:17:18Absolutely, extremely, extremely powerful.
- 1:17:22And you know, Ben, you, you were talking about the, the Christian
- 1:17:27component to it, right? And it kind of plays into this
- 1:17:32and I, I forget it was. I was talking to I was talking
- 1:17:37to a couple friends of mine and. I was talking about the the kind
- 1:17:41of spiritual warfare that is happening right now.
- 1:17:46And it is happening right. And you have essentially a
- 1:17:50system of usury and then you have a system of hope.
- 1:17:55You have a system of sound money.
- 1:17:57And you know, again, inflation affects the lower and middle
- 1:18:05classes the most, right? And this is what people have to
- 1:18:07understand, right? You know, most people don't have
- 1:18:12the privilege to be able to save, right?
- 1:18:16Most people don't have the privilege to be able to park a
- 1:18:19portion of their net worth and assets.
- 1:18:22I don't know what the exact figure is, but it's like 30 or
- 1:18:2540%. Of the country is paycheck to
- 1:18:27paycheck, right? And those are the people that
- 1:18:31get absolutely effing wrecked when the government prints money
- 1:18:37the way they do, right? And that's something to keep in
- 1:18:41mind. And at these clubs, at Bitcoin
- 1:18:45Ben's clubs that are all over the states, you're going to be
- 1:18:48able to arm yourself with the knowledge to give you hope,
- 1:18:53right? You're gonna be able to see that
- 1:18:57you do have the, you do have a future.
- 1:18:59You do have an ability to live a prosperous life.
- 1:19:06And you know what? You're not gonna, you're not
- 1:19:09gonna get it through. It's part of it.
- 1:19:13I'm not saying it's not important.
- 1:19:15It's definitely important. But I would say the most
- 1:19:18powerful vote you can make is to vote with your wallet.
- 1:19:25That is the most powerful vote you can make.
- 1:19:27I would say at this point. And at Ben's clubs, you're going
- 1:19:32to find like minded individuals that are going to be able to
- 1:19:35educate you, support you and give you hope, give you your
- 1:19:40hope back, give you your dignity back.
- 1:19:43I would say. So go check out Bitcoin Ben dot
- 1:19:47IO and you guys are gonna want it Stay tuned for the Ben and I
- 1:19:52show when we do the rumble exclusive, we're gonna be able
- 1:19:54to. Give him a sneak peek, yeah.
- 1:19:56We're gonna be, we're gonna be able to bring up all the topics
- 1:19:59that we talked about today. We're gonna be able to talk
- 1:20:01about them and, you know, in a more open fashion in a, in a way
- 1:20:07that's outside of the Overton window.
- 1:20:10And we're gonna be doing that exclusively on Rumble and.
- 1:20:16Yeah, it's going to be a fantastic conversation, you
- 1:20:18know? Yeah, let me say one more thing.
- 1:20:26One of the reasons I want everyone watching if you, if you
- 1:20:31live near one of my clubs or if you don't, especially if you do,
- 1:20:40please join the clubs. Guys, I'm not in it for the
- 1:20:44money. That's just operational costs.
- 1:20:48I'm in it because I want more people who are watching this.
- 1:20:52I want you in the club, physically in the club, because
- 1:20:57a lot of you have knowledge that I don't even have.
- 1:21:01And I'll tell you what, some of the best evenings I've ever had
- 1:21:06was sitting in, in my clubs actually talking about freedom
- 1:21:12and, and, and love and charity. And everyone who enters our
- 1:21:20club, when they join, all of a sudden they're like, Oh my God,
- 1:21:26there's, there's a place I can openly talk about love and
- 1:21:31freedom. And it's it's these clubs.
- 1:21:36And I just recently actually sent my CEOJ over to Australia.
- 1:21:42I'm launching clubs in Australia, I'm launching clubs
- 1:21:46in the UK. I'm lost.
- 1:21:48I'm watching clubs in Mexico, I'm Costa Rica.
- 1:21:53I'm launching clubs everywhere. Because like I said, these are
- 1:21:58armories. These are knowledge armories
- 1:22:01where average J, average Joes and average Jane's can come and
- 1:22:11get some ammunition for the war. Because this is a war, guys.
- 1:22:16Metaphorical ammunition for the spiritual war that we're going
- 1:22:20through right now, and you got to arm yourself with knowledge.
- 1:22:25100% I I agree with that. Guys, this was a.
- 1:22:29Fantastic Friday show the numbers absolutely blew up.
- 1:22:32I think we almost hit 800 live viewers on YouTube Rumble coming
- 1:22:37in hot like always and 2000 more than 800.
- 1:22:41Wow so 2600 at 625 of you guys watching live right now smash
- 1:22:47the like button subscribe if you feel like we provided you value
- 1:22:51go check out Bitcoin Ben dot IO someone in the chat Ben is
- 1:22:56saying need clubs in Canada and. Let's just say I'm actually
- 1:23:03going to reach out to one of my OG friends, Mr. Sessions, who is
- 1:23:09also named Ben, and I think I'm going to work something out with
- 1:23:13him. Fantastic guys, so go check out
- 1:23:15Bitcoin Ben dot IO join one of these clubs today in your city
- 1:23:22near you they're spreading all over the place and yeah guys,
- 1:23:29you know join yourself with other like minded individuals.
- 1:23:33This is this is how we rise up. You know this is how we this is
- 1:23:37how we this is how we go more towards the truth.
- 1:23:42I'll leave it at that guys, if you guys.
- 1:23:45Oh, wait till Rumble, brother. Rumble, get me everyone watching
- 1:23:49right now. You better set your alarm clock
- 1:23:52because Rumble is going to be ready to.
- 1:23:54Rumble ready to rumble? It's it's happening next week,
- 1:23:57ladies. You thought I was hot today.
- 1:23:59Wait until I'm unfiltered. If you guys enjoyed today's
- 1:24:03show, July 25th, 2025, make sure to smash that like button.
- 1:24:07I'm your host, Nico as my legendary Kos, Optimus Fields
- 1:24:10and our special guest for today, Bitcoin Ben.
- 1:24:14Go check out Bitcoin Ben dot IO today.
- 1:24:18Everyone have a fantastic weekend and we'll see you on the
- 1:24:22other side on Monday. Take care, everybody.
- 1:24:25Today's episode was brought to you by bitcoinwell.com, a
- 1:24:28Bitcoin only platform on a mission to enable financial
- 1:24:31independence.