Latest / Simply Bitcoin / They JUST Secretly Voted To Create A CBDC In The US!! | EP 1289

Transcript

They JUST Secretly Voted To Create A CBDC In The US!! | EP 1289 · Simply Bitcoin

0:00
Everybody was confident that crypto week in Washington would
0:03
be super bullish and send Bitcoin skyrocketing.
0:07
And though Trump is publicly pro Bitcoin and anti CBDC, what
0:11
happened overnight in the House might have just changed
0:15
everything. The anti CBDC bill just got shut
0:18
down, implying that the politicians in charge are trying
0:22
to sneak through a CBDC in America right now and no one is
0:28
paying attention. And considering during Europe,
0:30
CBDC is launching in less than 80 days in October, is America
0:35
about to copy the EU blueprint and roll out their own CBDC that
0:41
will confiscate your savings? I don't know.
0:44
It's not looking too good, guys. But let's dive into it.
0:47
Of course, I'm not alone. I have my boy Luke, probably the
0:51
most bullish content creator in the space with me today.
0:54
So let's just pull up some of this stuff.
0:56
We'll go over the source material.
0:57
I do have some clips. I got some news for you guys,
1:00
But we're going to start where it all starts for us.
1:03
Here is last night or rather yesterday afternoon, I got this
1:08
tweet from Watcher Guru and it's 210 Democrats and 13 Republicans
1:12
voted against advancing so genius act, the clarity act and
1:16
anti CDC act. Now, of course, we are very big
1:20
proponents of this idea that Bitcoin is bipartisan by nature,
1:24
but it is very interesting that literally every Democrat voted
1:28
no against this, you know, crypto legislation.
1:32
And and the more more surprising aspect of this is that it was 13
1:36
Republicans that also voted no and there is some conflict of
1:41
what is actually going on. So let's move in a little
1:44
further. I have a bunch of takes from
1:46
different Bitcoiners and actually from some of the
1:49
Republicans themselves. So First off, I'm going to start
1:51
with Alex Thorne. Of course, he's over at Galaxy
1:54
HQ been doing really good research and he goes members of
1:57
the Republican Freedom Caucus voted no to consider Genius
2:00
Clarity anti CBDC Surveillance Act.
2:03
They reportedly want all three combined into one.
2:06
And they also think that the Genius Act is a pro CDC bill,
2:11
which is very interesting considering that Senator Lummus
2:13
has been one of the driving forces behind this.
2:16
And then he goes on further and says both positions are
2:19
untenable. Assume White House and
2:21
administration is pressuring now to change vote.
2:23
Now here's a good kind of, you know, back and forth response.
2:27
We have someone going, they can't pass anti CBDC before
2:30
Genius. And then Alex, Alex, don't
2:32
response. This vote is just to bring all
2:34
of these to the floor, not to actually pass any or all of
2:38
them. So it's still a lot of
2:40
consideration. But what happened afterwards is
2:43
kind of where things are. It's still up in the air here.
2:46
So going further, we have two Republicans here, their
2:49
responses to this. So first is Representative
2:52
Marjorie Taylor Green and she goes, I just voted no on the
2:55
rule for the Genius Act because it does not include a ban on
2:57
central bank digital currency and because Speaker Johnson did
3:00
not allow us to submit amendments to the Genius Act,
3:03
Americans do not want a government controlled central
3:05
bank digital currency, which I fully endorse that last part.
3:09
And then we have Representative Anna Polina Luna, she goes, I
3:11
support crypto but cannot get behind anything that allows for
3:14
a backdoor to CBDCS. There was a vote to allow
3:17
legislation to come to the floor that would enable that to
3:20
happen. Thus I voted no.
3:22
Happy to support any pro crypto bill, but I will not back
3:25
CBDC's. So this is where the contention
3:28
I think is really happening. Of course, you would think that
3:31
all the Republicans would vote yes on this, considering it
3:34
seems to be the Trump administration's guiding policy
3:36
right now. But it is interesting that this
3:40
is the point of contention that the Genius Act didn't
3:42
specifically ban a CDC and then Representative Margie Taylor
3:46
Green or what's what. MTG goes further and she kind of
3:50
went on a tirade on Twitter last night and she goes this week.
3:54
The House is voting on the Genius Act, which lays the
3:56
groundwork for a layered CBDC where Americans interact with
3:59
stable coins. But behind the scenes, there are
4:01
other functional surveillance capabilities of a CBDC.
4:05
The bill as written does not expressly ban a CBDC and does
4:08
not protect self custody. Self custody means that you
4:11
control your own money and not a third party.
4:13
On January 23rd, President Trump signed an executive order on
4:17
digital financial technology with two important clauses is 1.
4:21
People will maintain self custody of digital assets and
4:23
two, banning agencies from establishing a CBDC in the US or
4:27
abroad. The Genius Act does not follow
4:29
Trump's executive order because it does not ban a CBDC and House
4:33
leadership did not allow any amendment banning a CBDC.
4:36
This should not be tolerated and as she goes further, I will not
4:39
vote for this. The only way to guarantee a ban
4:41
on a CBDC is through law. The GENIUS Act does not ban CBDC
4:45
or maintain people's chain of custody.
4:48
And then she's got a biblical quote here.
4:50
And then after this didn't really pass, we do have a clip
4:53
coming out of CNBC. So I'll play that, which does
4:55
set the scene for what is happening today, or rather what
4:59
is probably going to happen tomorrow.
5:01
So let's play that clip and we'll be right back.
5:04
And the lawmakers, we're hoping to be able to regroup, find a
5:07
new way forward and move ahead this evening.
5:09
But now they are all being told to head home as a group of
5:13
hardline lawmakers remain at an impasse with President Trump
5:16
about how they should be moving these bills through.
5:19
Again, a lot of these hard members, they really want to
5:21
make sure that they are banning that central bank digital
5:23
security securities, National Bank digital currency.
5:27
They have a lot of concerns about the national security
5:29
aspects, about personal safety aspects.
5:32
But at this point, Trump, as so far has he said that he still
5:35
wants that stable coin bill to come to the House this week,
5:38
which means that all three need to go separately instead of
5:40
being combined. Republican leadership meeting
5:43
with a number of lawmakers as well as senators this afternoon.
5:46
But it seems that negotiations are going to have to go into
5:49
tomorrow. Remember, the crypto industry,
5:51
they were really banking on getting these bills done.
5:54
And now it seems like everything is up in the air until they can
5:57
find a OK, guys, So as you heard it, everything's up in the air.
6:01
And then going further, last night Trump tweeted this, I'm in
6:06
the Oval Office with 11 of the 12 Congressman slash women
6:09
necessary to pass the Genius Act.
6:11
And after a short discussion, they have all agreed to vote
6:14
tomorrow morning in favor of the role that would have been this
6:17
morning. Speaker of the House Mike
6:18
Johnson was at the meeting via telephone and looks forward to
6:21
taking the vote as early as possible.
6:23
I want to thank the congressman slash women for the quick and
6:26
positive response making America great again.
6:29
Now, again, some different responses from senators,
6:32
etcetera. Here is from the official
6:34
Twitter account of the US Senate Banking Committee GOP.
6:37
And it goes, the Genius Act is clear the Fed does not have
6:41
authority to issue ACBC. And then Senator Tim Scott will
6:44
continue pushing back on any overreach from the Federal
6:48
Reserve. And then again this morning we
6:50
got US Congressman Hill telling CNBC Congress has enough votes
6:54
to pass all three Bitcoin and crypto bills.
6:57
And there's strong bipartisan support.
7:00
And essentially, allegedly the vote will probably be pushed
7:04
back until tomorrow. So it seems like this is all up
7:08
in the air right now. On the one hand, kind of my take
7:13
away from this is obviously, as you know, here, we are not fans
7:17
of a CBDC. It is very interesting that
7:20
every Democrat in the House voted no on this.
7:23
Which one bill being specifically the anti CBDC bill,
7:27
which is kind of where we got our title for today.
7:30
It does seem like they secretly want a CBDC.
7:32
Of course, we've been kind of on the fence saying this isn't a
7:36
monolithic, you know, move here. It's not everyone that wants
7:40
this. But literally as the the numbers
7:43
are showing, it was every single one of them.
7:45
Now the crazy part about this is what we've been covering about
7:49
what's going on in the EU. We know Christine Lagarde has
7:53
been going very hard about a CBDC, essentially saying that
7:57
they are very close to launching it and the date is October.
8:00
Now, the fact that we're seeing this stalled right now, it's not
8:04
looking too good personally, from like a more Bitcoin maxi
8:07
perspective. Of course, I'm not that big on
8:11
believing this legislation or these regulations aren't
8:15
necessarily a good thing. They might actually cause more
8:17
harm than good as we're kind of seeing this contention play out
8:20
in real time, though, as we've all been kind of wondering, it
8:24
was seemingly going to be bullish for Bitcoin in general.
8:27
Yes, the price pumped. We, I think we're back around
8:29
like 120. I think it's about 119 right
8:31
now. And a lot of people have been
8:34
saying, and I actually have a clip for you guys in the numbers
8:36
that what these institutions want is of course, quote UN
8:39
quote regulatory clarity. And we're seeing that, hey, it's
8:43
getting stifled right now. Maybe this this vote is going to
8:47
break up all these three bills so that they have to get voted
8:49
on directly or individually. But we'll see what happens
8:53
tomorrow. So it looks like they have the
8:55
necessary votes to pass this through, but there's some other
8:59
pressing issues that I think they're going to push this until
9:01
tomorrow to actually vote on this.
9:04
So we might have some more news for you guys the end of this
9:07
week. As of now, it seems like this
9:11
didn't pass through. There's some kind of divide
9:14
between what Trump wants and what the House is willing to
9:17
vote through. Again, it is interesting that
9:20
there was 13 Republicans that also voted Now when it seems to
9:24
be the party line to push through these Bitcoin slash, you
9:28
know, crypto regulations right now.
9:30
But if it is about this idea of no CBDC's, then maybe this is a
9:35
good thing here. I know when Luke and I were kind
9:38
of getting this through in the morning, we're like, wait,
9:40
exactly what is going on? There is seems to be some
9:42
confusion in just kind of the label tumbling and what's going
9:46
on with these bills. What's in these bills?
9:49
I know we've been kind of covering it on the show that a
9:51
lot of these politicians don't actually read these whole bills.
9:53
So who knows exactly what is getting pushed into this stuff.
9:57
Everyone knows the big beautiful bill had a huge contention.
10:00
I forget what the the framing they were saying like the the
10:03
pork filled bills. We might be finding ourselves in
10:05
a similar situation here. But again, if we can take this
10:10
on the surface level, you know, we we here at simply Bitcoin are
10:15
very staunch advocates to be anti CBDC.
10:18
This is why we're bitcoiners. This is why we constantly say
10:20
there's a fork in the road. It's either a pro Bitcoin, pro
10:23
freedom future or it's complete opposite built on CBDC rails.
10:28
Now you guys know my take on stablecoins and I tend to kind
10:32
of agree with Marjorie Taylor Green as much as I think that a
10:37
lot of these stablecoin issuers are bitcoiners.
10:39
Well, not a lot of them. The main 1.
10:41
You guys know what I'm talking about Bitcoiners, it is kind of,
10:46
you know, you could argue that's a bridge to the Bitcoin world,
10:50
but it it's basically a CBDC by another name, you know, hot
10:54
take, maybe not that hot, maybe lukewarm take here.
10:57
I know Nico kind of has a different view on that, but it
11:00
is interesting that we are seeing kind of battle lines
11:03
being drawn right now, whether you're pro CBDC, anti CBDC, We
11:07
know what's going on in the EU. They're pushing really hard for
11:10
it. So I really hope that we get the
11:12
the opposite here in the US and we do kind of pass through.
11:16
Again, I'm not the biggest about laws.
11:18
Like I don't necessarily agree with Marjorie Taylor Green that
11:20
the only way to stop at CBDC is by passing a law.
11:23
I'm for smaller government. I'm not for more laws to
11:26
complicate what's going on here. But you're starting to see there
11:29
are kind of party lines being drawn here, which it's kind of
11:32
unfortunate. We want to see, you know,
11:34
bipartisan support. Bitcoin is for anyone.
11:37
Bitcoin's technically for everyone.
11:38
But you're starting to see the party lines are being followed.
11:42
And we all know Elizabeth Warren, she's not the biggest
11:46
fan of Bitcoin. She's actually not fully
11:49
involved in this. But it is interesting that
11:51
Senator Lummis, her bail, the genius act is, is maybe not as
11:56
good as we all thought it was. You know, hot take maybe.
12:00
But anyways, I've been rambling. Luke, I know you're Australian
12:03
here, so you're like, who cares about American politics?
12:06
But it is interesting seeing this fight play out in real
12:09
time. Yes, super interesting.
12:11
And then the, the big kind of take away here is that every
12:15
Democrat voters, you know, in favor of essentially creating a
12:20
CBDC. But then you also have, was it 8
12:23
or 9 Republicans as well? Again, I'm a little bit of a
12:26
smooth brain. I don't know exactly how
12:28
American politics works, but that sounds as if the majority
12:33
is in favor of a CBDC. So that's kind of like the big
12:37
kind of take away, the big headline that has me really
12:40
worried. We had a really interesting
12:42
comment in the chat that said, hang on a minute, what's going
12:45
on? Didn't Trump sign an executive
12:47
order in his first week in the in the White House actually
12:51
banning CVDC's? And he did.
12:54
Now, this is kind of the contradiction here.
12:57
If America were to roll out a CBDC, I think they would have to
13:01
do it in a sneaky way. They would have to do it through
13:04
back doors. And again, maybe, I don't know,
13:07
I'm just speculating here, but maybe the politicians actually
13:10
hold the power and it's not the man in office.
13:11
I know that's a controversial take, but who remembers how
13:14
quickly President Obama's tone kind of shifted once he got in
13:17
the White House? Before he got in the White House
13:20
he was anti this anti war, anti crisis and then all of a sudden
13:25
we know what happened. I won't get into specifics
13:27
today, but again, I think there could be an argument that again,
13:31
the man Donald Trump, he's kind of billboarding, I'm pro
13:35
Bitcoin, I'm pro freedom, I'm anti CBDC's.
13:38
But again, who knows whether he actually has the power.
13:41
That's probably just the question we want to explore
13:43
today. And I just found it fascinating
13:46
that we've now got Republicans voting down the anti CBDC bill
13:52
and every single Democrat, of course, voted it down.
13:55
So again, I think this is a little bit of a watch this space
13:58
development. And again, I think we need to be
14:00
paying very, very close attention to what gets sneaked
14:04
through into these what, what do you call those bills up there?
14:08
I think they've been saying pork filled bills.
14:10
I, I guess this is some, you know, political framing here.
14:14
But yeah, that's what I've been hearing.
14:16
Yeah, it's really interesting. I let's pay very close attention
14:20
to these pork filled bills and actually watch to see what
14:25
happens next in America. You did mention Europe and then
14:29
launching their CBDC's in less than 80 days.
14:32
Again, don't forget, I, I believe the large majority of
14:36
governments around the world are looking into creating a CBDCI
14:42
believe it's 98% of the global economic power is launching a
14:47
CDC, whether that is currently in a pilot program, a research
14:51
phase or a development phase. That's right. 98% of the world's
14:57
GDP is launching a CDC. The only countries who really
15:01
aren't are probably the countries who just don't even
15:03
have Internet, for example. And these ones don't necessarily
15:06
contribute much to global GDP. So again, I think this is really
15:09
interesting. The timing here with what our,
15:12
well, everybody's favorite burnt lobster, Christine Lagarde, is
15:15
doing in Europe is also a little bit of an interesting wrinkle.
15:18
The fact that that thing's launching in under 3 months now,
15:22
that's scheduled to be finally released in October, I think it
15:26
could be very, very interesting timing.
15:28
You know, you know, what exactly is happening in America.
15:31
I am, I'm hopeful, my fingers they crossed, I'm hopeful that
15:36
America obviously continues to follow in what Donald Trump is
15:41
saying publicly. But again, it's kind of a what's
15:44
this space situation of the? It's certainly one of those.
15:48
Yeah, 100%. This is definitely one of those
15:50
moments. I mean, I've been saying it on
15:52
the show as well, like the best legislation or regulations would
15:56
be a lot of more like laissez faire hands off.
15:58
And as we're kind of coming down to the pipeline, you know,
16:02
coming down where the what's it the rubber meets the road here,
16:06
it seems like maybe these being passed is going to be worse for
16:12
us than than what people are thinking.
16:14
It's going to be better. But again, you know, this is all
16:17
political. Maybe maybe we see some stuff
16:20
pop up in the next couple of days.
16:21
As you know, Marjorie Taylor Green was saying if they can add
16:25
some amendments to this stuff, maybe it could come out better
16:28
than it was. We don't know what's actually
16:30
happening behind the scenes. We don't know what what the
16:32
conversation was in the Oval Office.
16:34
What's going to be these kind of changes that change people's
16:37
minds to actually vote for this. But you guys know our stance.
16:40
We are pro Bitcoin, pro freedom money here and anything that is
16:46
kind of pushing for a a toward a CBDC future we are staunchly
16:51
against. So maybe, you know, maybe these
16:54
Republicans and voting no are, are a good thing here.
16:57
I don't know, I'm not the political analyst here.
17:00
I am more of just the 42 IQ Bitcoiners, you know, reading
17:04
this stuff for you guys every single day.
17:06
But it is very interesting that we are seeing, you know,
17:09
partisan lines being drawn, even though it's not one, it's not a
17:13
monolith here. Of course, there is some
17:15
Republicans that voted no as well.
17:18
But the the line for the Republicans is no CBDC.
17:21
Now, really, if you're kind of diving into what is the opposite
17:25
view, what do the Democrats think about this?
17:28
I don't think it's that same view.
17:30
It could probably be a lot more nefarious than that.
17:32
And of course, we're gonna hold out our opinions until we get
17:35
some more information on what's going on.
17:38
What actually gets passed. If it doesn't get passed, I'm
17:40
sure you'll hear about it in a day or so, maybe on the third,
17:43
maybe on the Friday show if it if it doesn't get passed before
17:46
the show tomorrow, But we'll keep you guys updated.
17:49
It looks like the crypto week in Washington is was more hype than
17:54
what everyone thought it would be.
17:56
But we're seeing it. We're seeing things stumble.
17:59
And I think Luke made a very strong point here that maybe
18:04
what Trump says and what actually gets passed are two
18:08
different things. So, you know, some things did
18:11
happen. The executive orders were maybe
18:14
a little optimistic here in a lot of different fronts.
18:17
But now we have to see some of this stuff get pushed through,
18:21
codified into law and it seems like they're having some trouble
18:25
passes through. It seemed like, you know, on
18:27
Monday there was a unified effort to get this stuff
18:30
through. And now it's like, OK, maybe
18:32
it's not as unified anymore. So interesting stuff.
18:36
We'll keep an eye on this. And of course, you already know
18:39
guys, I have a clip for you guys kind of taking the more bullish
18:42
side of this crypto week. And what does happen, What are
18:46
the implications if these regulations do get passed
18:48
through? And then we have some
18:50
interesting rumors come out of the White House and the Federal
18:54
Reserve will break down that whole story later on in the
18:58
show. And of course, before we keep
18:59
going, I want to remind you guys to smash the like button.
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All righty then guys, as you can see, I'm alone.
22:00
Luke just told me behind the scenes he's got yelled out by
22:02
the misses, so he had to jump off and go to dinner.
22:05
Anyways, I'll handle this the rest of the show.
22:06
It's all good. We're over here on Clark Moody's
22:08
dashboard going over the numbers, of course, the current
22:12
Bitcoin price is 119,240, which is a decline from all time high
22:18
of -3.1 as we saw yesterday. You know, the Bitcoin price did
22:22
dip. It kind of responded very well.
22:24
It hasn't closed that CME gap yet.
22:27
So again, it's by all the dip season guys, I'm fully
22:30
vindicated on today's show. It is by all the dip season.
22:34
Do not panic, do not get forced out of your position.
22:37
This is when you buy every dip and it sounds and rather looks
22:41
like everyone out there bought the dip because we are back
22:44
basically, you know, kissing on all time highs.
22:47
The current block height is 905,850 and the current market
22:51
cap is 2.37 trillion. And look at that guys, look at
22:55
this. It's beautiful.
22:56
We are currently at 10.09% of the gold market cap.
23:00
That means we got 90% more to run guys and, and you're and
23:03
you're being bearish out there. Come on guys, we're, we're,
23:06
we're, we're taking down gold's market cap soon enough.
23:09
It is happening. It's going to happen anyways.
23:13
As I was telling you, we got this clip here from Bitwise and
23:16
not only is it a price prediction for the end of the
23:19
year, what they're essentially saying, you know this, this is
23:23
from Rizzo. He goes a sovereign wealth fund.
23:25
You're buying Bitcoin. It looks like there's a lot of
23:28
interest in Bitcoin. I'll I'll put it like that.
23:31
And there is a very interesting kind of perspective here in this
23:35
clip that I will break down after I play the clip.
23:38
So let's watch this clip. You know, he's saying a lot of
23:41
the things we just said that regulatory clarity is needed for
23:43
institutions to come in. We are seemingly opening a new
23:47
chapter, which might be the more interesting take here, but let's
23:51
play the clip and we'll chat about it.
23:53
But you know, we could get into the specifics, but I think the
23:55
big picture is that regulatory uncertainty, the lack of
24:00
regulatory clarity has been the reason for 15-16 years that the
24:05
mainstream capital markets haven't felt comfortable
24:07
engaging with that space. That's changing this year and
24:11
it's opening a new chapter and this week is it is an important
24:14
step on that front. You reckon that we could be
24:17
looking at, excuse me, at Bitcoin at 200, $1000 by the end
24:22
of the year? That's right.
24:24
Yeah. Every year our research team led
24:26
by our CIO Matt Hogan put out some predictions, 10 predictions
24:30
and and $200,000 Bitcoin is, is our prediction for the ending
24:37
price of Bitcoin this year. What will push it higher?
24:39
Partly institutions, more comfortable.
24:44
Yeah, you know, it's, it sounds so basic, but for for 15 years,
24:50
crypto and Bitcoin has been a very hard asset class for the,
24:54
you know, $100 trillion capital markets to participate in.
24:56
And that's changing. This year is a different year
24:59
and the beginning of a different chapter.
25:01
And the reason it's changing is because of this topic of
25:04
regulation. It's now opening up.
25:06
Banks are engaging, corporates are engaging, sovereign wealth
25:09
funds are engaging and and that's creating flows that are
25:13
outstripping the supply that's available and, and we're seeing.
25:16
Price push higher throughout the course of this year already.
25:21
All right, guys, you heard it. A lot of things to kind of
25:24
unpack there. Of course, they've been kind of
25:27
Matt Hogan and Bitwise have been saying for a while, 200 K by end
25:31
of year. I'm kind of like everyone in the
25:33
chat right now. That's kind of bearish.
25:35
I think it's going to go higher, but what do I know?
25:37
I, I don't have the math to back this up.
25:38
I'm just this is, this is my price target.
25:40
I've been kind of saying for the last year and a half ish that
25:44
300 to 200 K seems plausible. I know a lot of my friends have
25:48
been saying maybe just 150. That just seems unreasonable to
25:52
me, unreasonably bearish to me. As you guys probably heard, my
25:55
boy CJ has been saying like 323 K.
25:58
That's the fair price of Bitcoin.
26:00
I don't know. All I know it's going up higher
26:02
now. There is some interesting parts
26:05
here, of course, connecting this to the beginning of the show,
26:08
this idea of the importance or what the impact was of crypto
26:13
week in Washington and having some more regulatory clarity.
26:16
It seemed like it was going to pass yesterday was supposed to
26:18
go through. Now there seems to be this
26:21
debate here, but the point remains the same as was said in
26:24
that clip. People are waiting for quote UN
26:27
quote, you know regulatory clarity so that they can deploy
26:30
capital. Yes, we are getting to a point
26:32
now where banks are getting more comfortable.
26:34
We covered the story yesterday that the OCC is essentially
26:38
saying, hey, banks can custody Bitcoin, you guys are free to do
26:41
it. We're seeing the pivot from
26:42
banks. We're seeing some of the biggest
26:44
sovereign wealth funds in the world talk about stacking
26:47
Bitcoin or actually are stacking Bitcoin.
26:49
We're seeing the US talk about their own sovereign wealth fund
26:52
literally creating 1 so that they can stack Bitcoin and quote
26:56
crypto assets, digital assets, etcetera.
26:59
We are seeing the institutional demand of Bitcoin come in.
27:02
We're seeing the retail demand come in through ETF.
27:05
And of course, Trump's very vocal about making America the
27:09
pro Bitcoin capital of the world or Bitcoin superpower of the
27:13
world. So the point that I kind of want
27:15
to stress here is this idea. And of course, I don't want to
27:18
be the bitcoiner that says it. I don't want to be that guy, but
27:21
we're going to be that guy. It does seem like we are
27:24
entering a new era here. It does seem like we are
27:27
entering a new chapter in this whole Bitcoin story.
27:31
Yes, Bitcoin is about 15-16 years old and I'm still on the
27:37
fence of whether we will see a four year cycle drawdown.
27:41
This would be the four year cycle.
27:43
Of course, as the meme goes, you know, 3 green, one red.
27:46
Well, this is the third green year, at least through
27:49
historical memetics here. And 2026 is most likely.
27:53
This is kind of what what my, you know, I'm, I'm leaning
27:56
conservative here. 2026 is most likely going to be a draw down
28:01
year, a red year that's kind of the the guiding principles that
28:04
I'm, you know, using as a framework of what to do until
28:09
further notice. It is still 3 green, one red.
28:12
So just keep that in mind. 2026 could be a bear market that's
28:16
kind of how we are working over here as a Bitcoin business.
28:20
But with all that being said, it does seem like we are entering a
28:26
new era here. There are new entrants into the
28:29
space. There's a whole new investor
28:31
quote UN quote investor coming into Bitcoin and of course
28:34
that's the institutions, the nation states, the sovereign
28:37
wealth funds, the even with the Wall Street traders are starting
28:40
to turn bullish on Bitcoin here. So with all that it could be
28:45
that I'm not going to go full super cycle on you guys.
28:47
I know you guys in the chat are going full super cycle here, but
28:52
we could be seeing a changing market dynamic in the price of
28:56
Bitcoin and that is fundamentally changed with The
29:00
Who is buying Bitcoin. And two, if we do have good
29:05
regulatory clarity here and these big institutions are
29:08
extremely comfortable with going into Bitcoin.
29:10
Now, if all of that plays out, then the market structure that
29:14
we've seen in the past could fundamentally break.
29:17
Remember the last cycle, the last 15 years of Bitcoin?
29:21
Actually, sorry, not just the last cycle, the the last three
29:24
cycles of Bitcoin. In all the history of Bitcoin,
29:27
the last 1516 years, we basically seen the price be
29:32
driven by retail by you and I out there just buying Bitcoin.
29:35
Yes, there's been some big whales that drive the Bitcoin
29:38
price market structure, but now we're seeing a whole new entry
29:42
into the market. And if they find the conviction
29:45
that we found, if they see the writing on the wall that we kind
29:49
of see now, of course, they're not going to go 100 or what
29:52
Sailor full triple maxi 150% in, but they could.
29:57
And if they do do that, then we could potentially see the four
30:02
year cycle. And now I'm saying it's a non
30:05
zero chance of that happening, but it could be this this cycle,
30:09
it could be this next year that we see things fundamentally
30:12
shift. If you recall in 2024, we saw,
30:16
you know, similar things changing in the Bitcoin cycle.
30:20
First of all, of course, Bitcoin hit an all time high before the
30:23
having happened, which had never happened before.
30:26
And then secondly, or actually maybe my timelines mixed up
30:29
here, we also saw the bear market drop below the last all
30:32
time high, which is kind of showing things are changing.
30:35
They're shaking up. We can't really just lean on the
30:38
old memetics of Bitcoin market structure and with a whole
30:42
influx of capital coming in, these can fundamentally change.
30:46
Now there is one point that I do kind of want to mention.
30:49
It is the idea of we are starting to see that Bitcoin at
30:54
a $2.34 trillion market cap has become a significantly bigger
31:00
liquidity market here. So yes, we're seeing, you know,
31:05
things change. We're seeing the price kind of
31:07
go dip a little bit, seeing some corrections.
31:10
But remember yesterday we were covering a story of an 80,000
31:15
Bitcoin whale selling their Bitcoin and the price only
31:18
dropped 3%. What that is showing to a lot of
31:21
investors is that the Bitcoin market is fundamentally
31:24
maturing. Now this is a mature market
31:27
here. Before they could basically
31:29
write it off as, oh, you know, these, these Internet Internet
31:33
meme money, these Internet, you know, I'm blanking on what they
31:37
call it, the Internet money phenomenon.
31:40
It's just a fad. It's going away now.
31:43
They can't say that anymore. If you're seeing these big, big
31:48
sellers coming to the market, barely move the market of
31:51
Bitcoin, it's starting to show that this is a mature market
31:56
that you can come into the market with a lot of capital and
32:00
not fundamentally drive the volatility of the market here.
32:04
So we are seeing things change. We are seeing the market mature
32:08
a little bit. We're starting to see maybe, you
32:10
know, I hate to say it, but quote UN quote, more mature
32:13
investors come into the market. And if they come in with this
32:17
long term conviction that we're seeing from Sailor, if they're
32:19
taking a page from the Sailor playbook, the Bitcoin that's
32:23
being scooped up right now could be held for a long, long time.
32:27
The volatility could be dampening on the low end.
32:30
I still think there's going to be some extreme movements on the
32:34
high end, but it does seem like the volatility is going down.
32:37
So with that being said, I am on the fence that we might be
32:41
seeing a less dramatic bear market in 2026.
32:45
Again, we still have about the six months, you know, close to
32:50
six months to really dive into if this is changing in real
32:55
time. We'll have more data as the year
32:57
end. We'll we'll obviously be able to
32:59
update our kind of mental models here, whether Bitcoin goes
33:03
parabolic, whether we kind of get a, you know, a very an
33:08
exciting bear, a bull market like we saw in 2021 or will we
33:12
be going back to the glory days of 20/17/2013 etcetera.
33:17
But things are changing and there is new people coming into
33:21
Bitcoin and that's fundamentally going to make changes in the
33:25
market structure of Bitcoin. Now we obviously don't know how
33:28
that's going to play out. A lot of people have been saying
33:30
more of like an S curve adoption or a stair step function.
33:35
We don't know what what this is going to look like.
33:38
All of that is just to say essentially your plan here
33:42
should not change. What you should be doing is the
33:45
same thing every other bitcoiner has been telling you forever.
33:49
Keep buying Bitcoin. Don't take your foot off the
33:52
gas. Make sure you're taking that
33:53
Bitcoin off exchanges. Don't let the institutions take
33:57
your Bitcoin. Don't like the Larry Finks of
33:58
the world? Take your Bitcoin.
34:00
Do not let sailors scoop up all of the Bitcoin here.
34:03
You need to buy Bitcoin, or rather you need to save in
34:06
Bitcoin and you need to store that Bitcoin because there is a
34:11
whole new game being played and they want your Bitcoin.
34:14
So right now is not the time to panic.
34:16
Don't panic at every dip. This is by the dip season.
34:19
Until further notice, I think the end of this year is going to
34:23
be great. Let me see.
34:25
Sorry, you guys are you guys are blowing me up in the chat here.
34:29
Let me see you want I know you know, you want to say super side
34:34
Yeah, and you said but you say 3 months.
34:36
Yeah, three months. We might be seeing a CBDC in the
34:39
US. That's that's what this is all
34:40
about. I'm kind of on the side that we
34:43
probably won't see a CBC. Let me see this.
34:47
Hey AFTI, have you seen YouTube reports of the CBDC coming in to
34:52
our new year future? Yeah, that seems like what what
34:57
is going on? I I'm not.
34:58
I'll look on the break right now.
35:00
Maybe I can get some updates for you guys coming live on Twitter.
35:05
So we'll see. We'll see.
35:07
Let me let me let's transition into our next story here.
35:10
Some interesting stuff coming out of the White House and the
35:12
Fed. It looks like the battle's
35:14
heating up here and I'll check on Twitter.
35:15
Maybe I can get you guys a real time update of something coming
35:18
out about these bills. So let's move on.
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All right, everybody. Hey, leg with the cat dragged
37:52
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Are back. Opti and I are about to catch a
37:56
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37:59
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5% off anything on the store. All right, all right, guys.
38:33
So I did get a breaking update for you guys, so let me pull
38:37
that up here and I'm glad Niko can pop in here because he is
38:41
more of the political analyst here.
38:43
I already broke down, you know, the whole controversy here that
38:47
we saw yesterday, but we have a live update.
38:50
So the House is voting now. Apparently they said it was
38:53
going to be a day wait, but now they're voting on it.
38:56
The House is voting now on genius clarity and CDC bills.
38:59
Again. You can see the live count here,
39:02
which is currently at 204 Republicans saying yes, 3
39:07
Republicans saying a nay, and then 211 Democrats voting no
39:13
against the Genius and Clarity Acts.
39:16
I got some comments on this. So guys, the midterm.
39:21
Wait, before you go, before you go.
39:22
So someone asked, is this all three bills?
39:24
Bitcoin law goes yes, I believe it's voting on the same motion
39:27
as yesterday, technically 4 bills, I think genius clarity,
39:30
CBDC and some defense appropriation.
39:33
So, you know, just clarifying that now and now go, Nico.
39:36
So, yeah, I mean, technically, you know, this would be the
39:41
biggest legislation, you know, in that's pro Bitcoin, pro
39:48
digital assets in American history.
39:52
And as you can see, it's going down to the wire.
39:56
I could could you go up up to you so I could see it or just
39:58
just show it live. And again, what's really
40:03
interesting as well is that guys, the midterms are coming
40:08
up. They're coming up, you know,
40:11
sooner rather than later in 2026.
40:14
And that's going to be the. That's going to be, you know,
40:18
the determining factor of whether should I just out, go
40:23
out and see. Oh, time remaining.
40:24
OK, so this is. No, no.
40:27
It says 0 here. No, no, no.
40:28
But they could still, there's always still last minute votes.
40:32
But the the point I'm trying to make though are.
40:35
You going to scorched earth on us?
40:37
I'm not going to go scorched earth.
40:39
What I'm going to say is like, guys, you want to you want to
40:42
vote pro pro Bitcoin people in in the house.
40:46
Like that's just the reality. You want to vote anti CBDC and
40:51
pro Bitcoin people in the house. And I'm not going to, you know,
40:57
take sides here, but clearly, you know, there's a side that's
41:03
pro Bitcoin and clearly there's a side that's anti Bitcoin.
41:08
Clearly there's a side who is pro CBDC this this is this is
41:16
nuts. So you do have to kind of get
41:18
involved specifically if you are a Bitcoin business owner in the
41:24
United States, you know, do you want, do you want your kids to
41:28
grow up in an environment where you know, there are there it is.
41:34
the US government has every intent to launch ACBDC.
41:37
Now a quick observation here. Trump and Power going absolutely
41:42
ham. Yeah, yeah, I was gonna cover
41:43
that. They're going back and forth.
41:45
And what I will say on that is like you guys have to see the
41:52
interview that I did with Caitlin Long over the weekend.
41:54
It was it was fascinating. It was incredible.
41:56
And basically she was making the argument that the the Fed is
42:01
acting politically. They're an independent
42:05
institution. They shouldn't be acting
42:07
politically. And man, this is so hard to say
42:12
this. It seems like the Fed is taking
42:16
a side, picking a side Now, if you just kind of go and like
42:21
talk about incentives, because I think that's really important.
42:26
If a specific side is pro CBDC, that is the the continuation of
42:32
the Federal Reserve, right? That is the continuation of
42:34
central banking. And if a specific side is anti
42:38
CBDC and pro Bitcoin, that is the discontinuation of central
42:43
banking, right? That's taking power away from
42:45
central banking. So is it too much to go out on a
42:49
is it too much to go out on a limb and say that, hey, you know
42:55
what? The Federal Reserve is just
43:01
essentially fighting for its survival and it's using the
43:04
tools that it needs in order to do that right.
43:09
And I'm seeing posts from Senator Lummis is going like
43:14
going Senator Lummis is going hard in the paint.
43:17
If you could pull that up. Opti, she has been calling for
43:21
Jerome Powell. Look at pull that up.
43:23
She's meaning it and everything, right, Jay Powell must go go
43:28
down. One.
43:29
It is past time Chair Powell puts the American people above
43:33
his own personal ambitions and resigns 16 hours before Chair
43:38
Powell must resign. All right, Hey, Nikka, let's
43:41
let's cover this real quick because I was going to cover
43:43
this as well. As you guys can see, there has
43:46
been a lot of rumors going around.
43:48
This is coming out of Bloomberg right here.
43:50
The headline Trump likely to fire Powell soon, White House
43:54
official says now there is kind of some contention of whether
43:57
Trump can actually fire Powell. No, no, no, no.
44:00
And and this is I'm glad. Yeah, exactly.
44:02
I'm glad that you brought that up.
44:03
So Trump can't fire Powell just to fire Powell.
44:10
Trump could fire Powell if it's for cause.
44:14
Yeah, exactly. So if there is corruption that
44:18
was found and you know, you guys have to see this pass with
44:22
Caitlin, right? The votes are going up.
44:24
Yeah, let's cover that real quick before you keep going,
44:26
Nico. So the.
44:27
Votes are coming up. So we're at 207 yes from
44:30
Republicans, 3 saying no and currently 10 no votes.
44:34
Oh there we go. Actually 208 Republicans saying
44:37
209 Republicans saying yes. We just flipped one of the Nos.
44:42
So now 2 Nos 9 still no votes, the Democrats 211 nays and one
44:48
no vote. So it looks like they need to
44:52
flip a couple. To the line so essentially the
44:55
case that that that Caitlyn Long was making is that they have
45:03
found so much they, they, they found a smoking gun.
45:08
They, they the way that Caitlyn told me was basically like in
45:12
regards to Signature Bank and in regards to the industry.
45:16
They were fed officials that were literally saying, hey guys,
45:19
find something, you know, as it relates to the industry.
45:25
So, you know, it, it's not like, oh, they committed a crime.
45:27
It's like go find a crime so that we can go after the
45:31
industry. Now, it's very well documented
45:33
that essentially the shutdown of Signature Bank was on purpose.
45:38
Ladies and gentlemen, it's tied basically 2011 to 212.
45:42
Wow, this looks like it might pass.
45:45
We're down to 8 Republicans that have not voted yet.
45:49
Oh, there we go. I just flipped 212 12 to 211.
45:54
This is historic. Is it?
45:55
Is it appear just more votes or? Are watching history in the
45:59
making right now. If this passes the Genius Act
46:02
passes a central bank digital currency will will be illegal in
46:08
the United. States 13 to 11.
46:10
They will not be able to roll out a ACBDC in the United
46:15
States. That is fantastic.
46:17
That was one of the hesitations that MTG had against voting for
46:22
this bill. She said look like this, this
46:24
might be a Trojan horse for CBDC.
46:27
That's what she was saying of the of the genius Act.
46:31
Could you pull up the the video of of the of the of the Senate
46:36
Banking Committee Committee Senator Tim Scott?
46:40
Yeah, yeah, I didn't play that. I just kind of covered it.
46:43
Let's go. And he's basically making the
46:46
case. Thank you, Opti.
46:47
Let's play that clip real quick. Wow, This is history in the
46:50
making. We're covering it live for you
46:51
guys. Out appears to be that the that
46:54
the Senate stable coin legislation.
46:57
The bill does not include a ban on the Federal Reserve issuing a
47:01
central bank cryptocurrency. The House included that in in
47:04
their version now. Let's switch back.
47:09
Let me switch back. Let me switch back.
47:12
Say no. The ayes have it.
47:20
The resolution is adopted. The gentleman from
47:23
Massachusetts. I asked for a recorded vote in a
47:26
better time clock. A recorded vote is requested.
47:29
Those favoring recorded vote will rise a sufficient number.
47:33
Having risen, a recorded vote is ordered.
47:36
Members. Members will record their votes
47:38
by electronic device. This is a 5 minute vote.
47:45
So, ladies and gentlemen, it seems like the bills have
47:48
passed. This is absolutely.
47:51
Well, to be clear, this is so that it can go on the floor and
47:54
so and make it official. So this is historic.
47:59
Also, the pressure that Trump is putting on Powell to resign and
48:04
it seems like Treasury Secretary Scott Besson is potentially
48:08
might be the one who's tapped. That'd be the first time in
48:11
American history where the US Treasury.
48:14
Second time, but in like 100 years.
48:16
A very long time where the US Treasury and the head of the of
48:20
the central bank are one and the same.
48:22
Obviously that's going to accelerate Trump's agenda, but
48:27
this is a big win from a regulatory perspective for the
48:32
Bitcoin industry in the United States.
48:35
It seems like the opposing party has tried to apply some delaying
48:41
tactics and basically saying, OK, you got to record the votes.
48:45
You know, we got to, we got to make sure, you know, everyone's
48:47
names is listed here. But if the votes remain the same
48:51
as they were before, you know, this should pass.
48:56
And this is a big win. And I'm going to double back to
48:59
what I've been saying for a while now.
49:02
Elections have consequences, ladies and gentlemen, and this
49:05
is what you're witnessing right now.
49:07
We got the freedom of Ross Ulbricht.
49:09
We got the pardon of Arthur Hayes.
49:13
We got the drop the, the, the case being dropped against
49:19
Tornado Cash by the Treasury. It's still, you know, it's still
49:23
on in the courts it with the DOJ.
49:26
But this is a big, this is a big victory.
49:28
And you know, we're super honored to watch this live with
49:33
you guys. This is history in the making.
49:35
Bitcoin is winning. The Bitcoin industry is winning
49:38
big, big win. I I don't have any further
49:41
comments, but I did see you pull up that that specific post.
49:46
Yeah yeah, I was going to do that for the culture later, but
49:48
I'm glad you're here because you did go on an anti buying houses
49:52
tiring. What was that last week I.
49:55
Did I did. Well, I got I got some data.
49:57
Here, coin is pumping, apparently.
49:59
According to the news, we're at $119,300.
50:03
OK, let's go. Yeah.
50:05
Ladies and gentlemen, like I've been saying, elections have
50:08
consequences. The midterms are coming up in
50:10
2026. We're not going to pick and
50:13
choose any sides here on simply we are pro, we are pro Bitcoin.
50:18
So but I would say is vote for the candidates, not the party,
50:21
but vote for the candidates that are pro Bitcoin and TCBDC.
50:26
And it's all laid out for you there, ladies and gentlemen, for
50:29
you to make your own decision on who to vote for because
50:32
essentially there's a lot of people that are voting against
50:35
your bags. They're voting against the
50:37
industry they're voting. Against prosperity and freedom
50:41
they're. Voting for central bank digital
50:44
currencies. the United States does not want to go down the
50:47
route of Europe. That sounds dystopian AF.
50:50
We don't. We do not want to follow in the
50:52
footsteps of China. We, we want, we want an
50:57
alternative to central banking. Central banking, I would say,
51:02
has absolutely failed this last century.
51:05
The worst recessions, the worst depressions, the worst world
51:10
wars are all happened under central banking.
51:14
I would make a very strong argument that this country has
51:17
been hijacked since 1913 and Bitcoin is providing an
51:22
alternative. And what you're seeing here
51:25
manifesting on the screen right now is a vote towards an
51:29
alternative. And once Bitcoin has an
51:32
alternative, ladies and gentlemen, you know, may the
51:37
best money win. And essentially what the central
51:40
bankers want is they don't want a competition of money.
51:43
They don't want the free market to determine what is money,
51:46
right? So this is definitely a step in
51:48
the right direction. And again, elections have
51:51
consequences whether you like it or not.
51:53
Opti and I avoided politics for the longest time until they
51:56
arrested the Samurai wallet developers and then we threw our
52:00
hat in the ring as soon as that happened because we said, hey,
52:03
listen, we have to back the candidates that are pro Bitcoin,
52:07
anti CBDC. We do not want a CBDC in the
52:12
United States. We do not want the government to
52:15
have that much power over the people, more power than they
52:19
already have. And again, you know, the track
52:23
record is there. What they did to our generation
52:26
in 2008 was criminal. It was a wealth redistribution.
52:32
Main St. bailed out Wall Street. You know, Bitcoin was invented
52:36
around that time or discovered, depending on how you want to see
52:39
it. And, you know, again, it it it's
52:42
time to try something new. We gave them the benefit of the
52:46
doubt. It's been more than 100 years.
52:48
I would say it's failed our generations.
52:51
It's failed the younger generations.
52:52
We should not be poorer than our parents.
52:55
We should be able to be able to afford housing, we should be
52:58
able to afford rent. We shouldn't be just, you know,
53:02
scraping by. Compensation has been basically
53:06
static since the 1970s. It has not increased even though
53:10
productivity has increased, even though technological innovations
53:15
haven't pre increased. Why has compensation not
53:18
increased with it? This is an absolute disgrace.
53:22
This is what central banking is. And, you know, this is this is
53:27
this is history in the making, ladies and gentlemen.
53:29
And it's happening here in the United States.
53:31
You know, we're watching front row seats.
53:33
This is why we went so hard last November during election season.
53:38
Elections have consequences. Here are the results of that.
53:42
And of course, the freedom of Ross Albrecht Opti.
53:46
Hey, yeah, Nico, I was just thinking maybe, maybe we just
53:48
pivot. We just got in the culture and
53:50
you can just keep ranting for us.
53:51
So let let's just get into the last segment.
53:56
I want to give a shout out to our partner Hive Digital
53:59
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54:03
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You can catch the latest buzz at Hive Digital Tech or at
54:33
hivedigitaltech.com. All right, ladies and gentlemen,
54:46
we. Are yeah, we're just going to
54:47
keep this running for you guys we.
54:48
Have live coverage again Opti, could you please describe what
54:52
is being voted on at the moment currently?
54:55
All right, well apparently from Bitcoin laws it is the House
55:00
vote on the Genius and clarity Act, Though it did seem from
55:04
following up tweets that technically it is for bills, the
55:08
genius, the clarity, the anti CBDC and some defense
55:11
appropriations. Opti let's why don't you chat GB
55:14
TA lot of that stuff in the background.
55:16
We'll do do like high level summaries of these bills, the
55:18
significance of these bills. But ladies and gentlemen, this
55:23
is a big deal. This is a big win for our
55:25
industry. And again, you know, if one
55:30
country proves that it could thrive under a central banking
55:36
alternative, you know, other countries are going to follow
55:40
suit. I think that's what has them
55:42
freaked out so much because as long as you don't try an
55:46
alternative system, then they don't have to justify it.
55:50
If the alternative system is superior, then the previous
55:56
system. And what is the justification in
55:59
order to keep the previous system going?
56:01
The only justification would be tyranny.
56:03
It would be control. So Opti, could you pull it?
56:06
Pull that up and let me just you don't have to share the screen.
56:08
I mean, let's let's leave that live.
56:10
So the genius act is this bill that would establish a federal
56:14
regulatory framework specifically for dollar back
56:17
stable coins. I've been saying that this is a
56:20
big deal because again, tether, which is the largest one,
56:25
they're a pro Bitcoin company. These guys are bitcoiners.
56:28
They're hardcore bitcoiners. They hold 94,000 Bitcoin.
56:31
The stable coins are a Trojan horse for Bitcoin.
56:34
It exposes people to alternatives to bank accounts,
56:38
it exposes people to digital wallets, and that's just one
56:42
step away towards adopting Bitcoin.
56:45
So I would say that is a very good thing.
56:47
The Genius Act, the Clarity Act. This is a broader bill designed
56:51
to provide clear jurisdictional boundaries between the SEC and
56:57
the Commodities Future Trading Commission over digital assets.
57:01
It introduces definitions for digital assets and digital
57:04
commodities. This is a good thing.
57:06
Remember, the SEC was weaponized under the previous
57:09
administration. They went after everyone and
57:12
anything. So having, you know, a
57:14
separation between the two agencies would be very positive.
57:18
Because it is already been determined that Bitcoin is a
57:22
commodity, it does not fall under the purview of the SEC.
57:27
It continues to say it clarifies what qualifies as a security or
57:31
commodity and sets up a dual registration process for
57:35
entities involved in trading both types.
57:38
The ACT aims to resolve current regulatory ambiguity and
57:42
establish an anti fraud framework for digital asset
57:45
economy. I would say my favorite one here
57:47
is the Anti CBDC Act. Remember, this was part of
57:53
Trump's promise to the American people.
57:55
This is what he promised us during the Bitcoin 2024 Con
58:01
Bitcoin conference in Nashville thrown by our friends over at
58:04
Bitcoin Magazine. This was part of his agenda.
58:08
In fact, this was part of his executive order in the beginning
58:11
of the year. He specifically says that under
58:15
his administration there would be no central bank digital
58:18
currencies. Now, the fact that this is going
58:21
through Congress makes it that much more official.
58:26
It it it's, it's going to survive the test of time because
58:30
a president could only do so much via an executive order.
58:33
An executive order only lasts until until the next president,
58:37
but if something is codified through the legislative process,
58:41
then it you can't really reverse it via executive order.
58:46
You can hamper it a little bit, but the next president can't
58:49
undo all the things that the previous president did via
58:53
executive order, which is why it's so important that these
58:56
things pass. Also, this is also setting it up
58:59
for the incoming Bitcoin, Bitcoin Act 2 point O, which is
59:04
the act that was introduced by Senator Lummus and Congressman
59:08
Begich of Alaska. So this is absolutely a big
59:11
deal. I'm gonna continue reading
59:13
specifically the anti CBDC Act. This is something that MTG was
59:18
covering specifically Opti. If you could pull up some of
59:20
those clips that we can play. I don't know if I got the clips
59:24
but I I can find them. She's just going ham on X.
59:28
So you you you should be able to find them.
59:30
But there just just post that just that that that that tweet
59:33
is that's. What?
59:34
I covered this earlier, but let's see if I can find the clip
59:37
of her talking, so keep going. So yeah, so Mt GS been going
59:40
hard in the paint talking about there it.
59:44
Is there we go. There it is, so let's play that.
59:50
There, the Genius Act President Trump wrote an executive order
59:55
on January 23rd. And specifically on exactly what
1:00:00
the Genius Act. Was about, except they did not
1:00:03
include what was in in his executive order, which is a ban
1:00:06
on a central bank digital currency, which is extremely
1:00:10
important and the president feels it's important and that's
1:00:12
why it was in his executive. Order and the Senate left that
1:00:16
out and then they sent this over to the House and Speaker Johnson
1:00:20
didn't allow us to do amendments to amend the bill to to ban
1:00:25
CBDC. And that's a House issue.
1:00:28
It's not I fully support the president.
1:00:31
I will vote for the Genius Act when they when they ban central
1:00:36
bank digital currency and the Genius Act.
1:00:38
So we we need to get. It right it's.
1:00:40
It shouldn't be run through and as forced to vote on something
1:00:44
they take away our right. Movement, ladies and gentlemen,
1:00:47
This is why it's so important for you to get involved.
1:00:50
I know the default response by Bitcoiners is essentially, hey,
1:00:56
you know what? I, I, I just don't, I like, I, I
1:01:01
feel disenfranchised by the current political process.
1:01:04
You know, this is, this is kind of dumb.
1:01:06
This is kind of stupid. Yes, elections have
1:01:09
consequences. You're seeing an example of
1:01:11
that. I'm going to continue reading
1:01:13
what specifically is in the anti CBDC Act.
1:01:17
So it says the anti CBDC Act. The bill would prohibit the US
1:01:22
government and the Federal Reserve banks from issuing a
1:01:25
central bank digital currency. The motion stems from concerns
1:01:29
over government surveillance and infringement on financial
1:01:32
privacy, effectively banning the creation or use of a federally
1:01:36
issued digital dollar. That's a big effing deal.
1:01:41
And again, this would only be possible if it if it because of
1:01:47
the election victory that we had in November, not to mention
1:01:51
specific parties, but the specific win, the specific wins
1:01:55
of pro Bitcoin, anti CBDC candidates.
1:02:00
So it's a big, big win for our industry.
1:02:03
Now, what has me a little bit concerned is again, this is it's
1:02:08
not 5050 exactly, but it's kind of halfway across.
1:02:13
And guys, Bitcoiners are a voting bloc.
1:02:15
We are a voting bloc. Make your voice heard.
1:02:19
Look at how many representatives and again, not to, not to, you
1:02:23
know, focus on a specific party. We're focusing on specific
1:02:27
individuals and candidates, but you got to vote in
1:02:31
representatives that are voting in your own, your own interest.
1:02:34
If you're watching the show, I'm assuming you're pro Bitcoin.
1:02:38
Do you want to live in a country that has a central bank digital
1:02:41
currency? I'm assuming you don't want to
1:02:43
live in a country that has a central bank digital currency so
1:02:46
that you have the power to do this.
1:02:48
You have the power to make your voices heard and say, you know
1:02:52
what? I I I want Bitcoin.
1:02:54
I don't want a CBDCI don't want to live in tyranny.
1:02:57
You know, I'm looking at this vote and I'm saying, hey, like
1:03:01
we we like this needs to be like 60407030, right?
1:03:06
Like it, it can't basically go almost down the line like this
1:03:10
is this is unacceptable. So, you know, we want a freer
1:03:14
world. We want a world of peace,
1:03:16
prosperity, opportunity, hope, freedom for everyone, an
1:03:21
equitable world, an equal world where everyone has the
1:03:23
opportunity to climb the economic ladder because under a
1:03:27
central bank system, it it, you know, wealth inequality has
1:03:31
risen dramatically, right? Every time they print money,
1:03:34
most people that are earning and saving in Fiat, they get their
1:03:39
earnings debate, they get their savings.
1:03:42
The base that's half the country that fits into this category.
1:03:46
And if you're the very wealthy, every time they debase the
1:03:48
currency, assets go up in value and that creates of course,
1:03:52
wealth inequality. You want to know why you can't
1:03:54
afford a home? It's because of central banking.
1:03:57
So this is this is what you guys have to focus on.
1:04:00
This stuff matters. You have to get involved, make
1:04:04
your voices heard. This is narrative trench warfare
1:04:06
on the battlegrounds of the Internet.
1:04:08
If memes are artillery, tweets are bullets.
1:04:13
I think I flipped it. But anyways, that's my rant for
1:04:16
today. Me and Opti.
1:04:18
Me and Opti do have to catch a flight guys.
1:04:21
Stay tuned. Follow Bitcoin laws to see the
1:04:24
resolution of this vote. It does seem like we do have it
1:04:27
in the bag. Tomorrow it's going to be Sophie
1:04:30
and Luke hosting the show me and Opti are going to be at the
1:04:36
NASDAQ at the NASDAQ at the closing bell covering Hive
1:04:42
digital technologies. They're going to be doing an
1:04:44
event at the NASDAQ. Opti and I are going to be doing
1:04:47
coverage there. We're going to be dropping
1:04:48
content. So it's me fantastic.
1:04:51
So stay tuned to the simply Bitcoin Twitter account we're
1:04:53
going to be dropping. Maybe Sophie could you know
1:04:57
phone into me and me and Opti while we're at the NASDAQ.
1:05:00
I think that would be really cool.
1:05:01
So anyways, guys, so TuneIn to the tomorrow show, we love you
1:05:05
all Make sure to smash that like button subscribe if you feel
1:05:08
like we are providing value and remember guys, vote for pro.
1:05:12
It's not about party. It's not about party.
1:05:15
Vote for pro Bitcoin candidates, anti CBDC candidates.
1:05:19
Again, vote for pro Bitcoin candidates, anti CBDC
1:05:22
candidates. We're a pro Bitcoin only show.
1:05:25
That's what we're all about. Fix the money, fix the world.
1:05:28
Love you all guys, and we'll see you tomorrow.
1:05:30
Abdi and I are going to catch a flight.
1:05:31
No, he won't see you tomorrow. We'll see you Friday, but the
1:05:35
show will run tomorrow. And before we go though, shout
1:05:39
out the run. Thank you very much for the $10
1:05:41
super chat. We appreciate you bro.
1:05:43
And yes, we'll see. We'll see you.
1:05:46
Friday live from New York City. Baby yeah, let let's just hope
1:05:50
the the show the. Show doesn't blow up.
1:05:54
Tomorrow, it's so bad, Luke. You'll get a show, guys.
1:05:56
You're going to get a show. On that note, we love you guys.
1:05:59
Peace out. Today's episode was brought to
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you by bitcoinwell.com, a Bitcoin only platform on a
1:06:07
mission to enable financial independence.