Latest / Simply Bitcoin / NEW: $4.2 TRILLION Bank Releases BOMBSHELL Bitcoin REPORT | EP 1154

Transcript

NEW: $4.2 TRILLION Bank Releases BOMBSHELL Bitcoin REPORT | EP 1154 · Simply Bitcoin

• 0:00
  Yo, this $4.2 trillion bank just to released a bullish report and
• 0:06
  looks like they're doubling down on their massive Bitcoin
• 0:09
  backflip. This bank is now claiming that
• 0:11
  both gold and Bitcoin are becoming a more important part
• 0:15
  of investor portfolios, and today we're going to be diving
• 0:17
  into the three most interesting takeaways from this new report.
• 0:21
  But first, let's see what their stance has been on Bitcoin
• 0:23
  previously. Of course, who are we talking
• 0:27
  about? If you looked at the thumbnail,
• 0:29
  you probably probably have already guessed it.
• 0:31
  Of course, we are talking about Jamie Dimon and his bank JP
• 0:35
  Morgan. But I'm not alone.
• 0:37
  I am in the hosting seat. Of course, our fearless leader
• 0:40
  Nico is here with us, and we have John and Wesley from
• 0:43
  Bitcoin Day Naples. So we'll be covering all that in
• 0:46
  the culture today. But let's dive into this.
• 0:48
  Of course, let's start from the beginning.
• 0:51
  Remember last year, we've been covering this all year.
• 0:53
  Jamie Dimon has historically been someone that has taken a
• 0:57
  very negative stance on Bitcoin, which is very clearly, you know,
• 1:00
  an obvious fund point. It's in his business.
• 1:03
  It's it's in his incentives not to embrace Bitcoin.
• 1:06
  And I have a headline from last year, and we covered this.
• 1:09
  Remember last year we played you guys the clip, Jamie Dimon, the
• 1:12
  World Economic Forum saying, you know, don't talk to me about
• 1:15
  Bitcoin. Jamie Dimon's been slamming
• 1:17
  Bitcoin as Pat Rock, and he doesn't want anything to do with
• 1:20
  it. Quit asking me about Bitcoin.
• 1:22
  I'm never talking about Bitcoin again.
• 1:24
  And then towards the end of the year, we saw them shift their
• 1:27
  tune a little bit. Now we got a new report coming
• 1:31
  out of JP Morgan and this report is saying, and here's a headline
• 1:35
  from the blog, JP Morgan says, quote, the debasement trade is
• 1:38
  here to stay as Bitcoin and gold gains structural importance.
• 1:43
  Again, is this because of Trump announcing the strategic Bitcoin
• 1:47
  reserve? Or is this just a continuation
• 1:49
  of the trend we've been seeing from JP Morgan essentially
• 1:52
  saying that man, people are dropping Fiat currencies, Fiat
• 1:55
  currencies aren't looking as strong as we've been always
• 1:59
  thought of them as a store of value.
• 2:02
  We're seeing a a slight tweak in the narrative here.
• 2:06
  So let's go into this article a little bit.
• 2:09
  A JP JPMorgan analyst said quote the debasement trade is far from
• 2:13
  a passing trend with both gold and Bitcoin gaining structural
• 2:17
  importance in investor portfolios.
• 2:19
  Remember, they used to tell us Bitcoin is backed by hot air.
• 2:21
  There's no significance of in Bitcoin.
• 2:24
  You don't want to hold any of this Bitcoin.
• 2:26
  What's very interesting the start of 2025.
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  Now they're saying, you know, maybe hard money is a
• 2:31
  structurally important, important aspect of investors
• 2:34
  portfolio. The reason I want to talk about
• 2:36
  this today, because there's still so many people out there.
• 2:38
  I'm sure you're talking to your friends and family and they're
• 2:40
  always like, why do I need Bitcoin?
• 2:43
  And now we're seeing literally the biggest institutional
• 2:45
  managers in the world, the most significant players in tradfight
• 2:49
  start to change your tune and be like, yeah, maybe you should buy
• 2:52
  some Bitcoin, but they're not going out here and directly
• 2:55
  showing Bitcoin. They got of course, add gold in
• 2:57
  there to to gain their their sense of legitimacy here.
• 3:00
  Of course, been hearing a lot of talk about Bitcoin as digital
• 3:04
  gold. We obviously think it's much
• 3:06
  more than just digital gold. It is the perfect money.
• 3:09
  Anyways, quoting the analysts and I'm going to butcher this
• 3:12
  guy's name, his last name. It's it's kind of hard.
• 3:16
  So this analyst Nicholas Pennigerts glow Pennigerts the
• 3:21
  glow. Sorry, it says quote the gold
• 3:24
  price appreciation over the past year has gone well beyond the
• 3:27
  moves implied by dollar and real bond yield shifts and likely
• 3:32
  reflect the re emergence of this debasement trade.
• 3:35
  This new report on Friday said. Meanwhile, record capital inflow
• 3:40
  into crypto markets rather into Bitcoin in 2024 suggests that
• 3:44
  Bitcoin is also becoming a quote more important component of
• 3:47
  investors portfolio. The The debasement trade refers
• 3:51
  to a strategy where investors turn to assets like gold and
• 3:54
  Bitcoin to hedge against the devaluation of Fiat currencies,
• 3:57
  often driven by factors such as inflation, rising government
• 4:01
  debt and geopolitical political instability.
• 4:03
  Remember, when there is uncertainty in the markets,
• 4:07
  people go to the hard money, the hard assets, the ones that
• 4:11
  aren't necessarily aligned with the traditional financial
• 4:14
  system. And of course, we think Bitcoin
• 4:16
  is superior than gold. The structural rise of gold in
• 4:20
  investors portfolio is evident when examining the amount of
• 4:23
  gold held for investment purposes by central banks and
• 4:26
  private investors, according to the analyst.
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  This includes physical gold, gold ETF and other investment
• 4:31
  vehicles, which now account for a significant percentage of the
• 4:34
  total assets held by non bank investors globally.
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  And you can see here a chart. So Bitcoin too though is
• 4:41
  becoming an increasingly important part of the investor's
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  portfolio. JP Morgan analysts called 2024 a
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  pivotal year for the Bitcoin market, estimating that a record
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  $78 billion flowed into the space.
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  This includes a $27 billion net inflow into crypto funds or
• 4:57
  Bitcoin fund, adjusted down by $17 billion to reflect the shift
• 5:01
  from crypto wallets on a centralized exchange to most
• 5:04
  cost affected and liquid spot Bitcoin ETFs, $14 billion
• 5:08
  invested by CME futures, $14 billion raised by crypto venture
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  capital funds, the 22 billion in Bitcoin purchase by micro
• 5:15
  strategy, and $1 billion in purchases by Bitcoin miners.
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  The analysts also took a very particular note into micro
• 5:22
  strategies Bitcoin purchase alone accounting for 28% of the
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  total capital inflow into the Bitcoin market in 2024.
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  Overall, with both gold and Bitcoin gating structural
• 5:32
  importance, the debasement trade is here to stay, according to
• 5:35
  the the analysts and of course, they've been expressing
• 5:38
  bullishness since October. We covered that last year and
• 5:41
  just you know, doubling down a little bit let's look at what
• 5:44
  this guy Nicholas from JP Morgan, one of the lead analysts
• 5:48
  is saying in regards to the adoption of Bitcoin and he says
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  quote the adoption of Bitcoin by institutional investors has only
• 5:56
  begun and Nico and I are both 2017.
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  You know, Nico got in 2016, I got in 2017 and we you've been
• 6:02
  hearing the meme around Bitcoin for a long time.
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  The institutional capital is coming.
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  It's coming. It's finally here guys.
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  And you finally see that they are essentially taking off the
• 6:12
  red tape. They are now entering full
• 6:14
  steam. And so it's very interesting
• 6:16
  that first it was BlackRock in January of last year and
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  everyone knows what happened with the Bitcoin ETF.
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  It's the best performing ETF in history.
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  It's outperforming gold ETF. It's literally taken the world
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  by storm. No, I'm a little biased.
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  I'm a Bitcoiner, of course. And now the start of 2025, we're
• 6:35
  seeing JP Morgan follow that to gain an advantage.
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  As you can tell, there's still a little bit of trepidation,
• 6:41
  there's still a little bit of concern around Bitcoin, but
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  you're seeing that many of the biggest trad fi investors in the
• 6:48
  world are starting to look at Bitcoin as a legitimate thing in
• 6:52
  in investor portfolio. Now doubling down on that, it's
• 6:55
  not that they're just saying this.
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  The data is reflecting the same thing.
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  People are moving into hard assets.
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  We've been covering all of 2024 that even in the BRICS nations,
• 7:06
  you know, on the global macro level, the BRICS nations are
• 7:08
  looking to move away from U.S. debt and a lot of people are
• 7:11
  looking to stack hard assets. We've seen central banks start
• 7:14
  to stack more gold. We're seeing individuals
• 7:17
  starting to go into Bitcoin now. It is interesting.
• 7:20
  Obviously gold bugs out there. They're like our Big Brother in
• 7:24
  this game. They've been in the hard money
• 7:26
  game for a long time. Though.
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  As a Bitcoiner, I argue, or rather I'm sure every single one
• 7:32
  of us on the panel would argue that Bitcoin is superior to
• 7:34
  gold. And if you really want to
• 7:37
  protect yourself moving into the digital world or the digital era
• 7:41
  that I would argue is going to be, you know, the end of the
• 7:43
  twenty 20s, end of 20-30, you really want to be holding on to
• 7:47
  Bitcoin. Now personally, you know what we
• 7:50
  say here on the show rather what I say here on the show all the
• 7:52
  time. I'm not here for the banks to
• 7:55
  hold Bitcoin, but the signal remains the same when these
• 7:58
  people come out and say, yeah, maybe we should give a little
• 8:02
  bit of credit to Bitcoin. The point remains the same that
• 8:05
  there is structural uncertainty in the world and you need to
• 8:08
  protect yourselves. And when you see the big suits
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  come out, say some favorable things in Bitcoin, I think it's
• 8:13
  very important to continue to stress these conversations for
• 8:17
  your average person out there because the average person is
• 8:19
  still looking to the Larry Finks and the Jamie Diamonds of the
• 8:22
  world to get their investment signals.
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  Now, I would argue Bitcoin is much more than just an
• 8:27
  investment. It's not a speculation.
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  Yes, you want it, you know, quote part of your portfolio or
• 8:31
  rather an important part of your portfolio.
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  I would argue it is the perfect money.
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  It is the best way to hedge against uncertainty.
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  It's the best way to hedge against inflation.
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  As we all know, 21 million hard cap, there is no way to debase
• 8:45
  your Bitcoin. And in the face of all this
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  quote debasement trades going on, Bitcoin is going to continue
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  to be the best performing thing in the market period.
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  And I think 2025 is going to continue to show that this is
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  the case. And now the signal is spreading.
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  More people are waking up to this idea.
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  And I think 20, 25, like 2024 was the year where we kind of
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  set the foundation of Bitcoin entering into the mainstream
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  consciousness. And I think 2025 is going to be
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  the year that we completely legitimize ourselves or rather
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  legitimize our standing in the global macro world landscape.
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  And if you are on the fence here, now is the time to
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  continue to get your capital into bitcoins, continue to build
• 9:30
  your position. Yes, the price is starting to
• 9:32
  rise a little bit. I think we're gonna see a, a, a
• 9:34
  very bullish 2025. But when you hear these signals
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  and you're not in Bitcoin, this should start your FOMO.
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  This this should be the stuff where you're like, oh, wait,
• 9:44
  what have I been missing? You should be reevaluating your
• 9:47
  position on Bitcoin. If I'm, I'm sure everyone in the
• 9:50
  chat's already a Bitcoiner, but this is the stuff you send to
• 9:53
  your family and your friends and be like, hey, look, this is what
• 9:55
  they're saying. Maybe you should get a little
• 9:57
  bit just in case it catches on. It's becoming very important in
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  the global landscape. And then we don't necessarily
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  even need to talk about the SBRS and all that conversation.
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  We're saying this is just simply people are looking to move away
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  from U.S. debt and look into hard assets.
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  Of course, the first move for most people in the boomer
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  categories and the older, older era is to move into gold as
• 10:21
  younger people are like, let's just skip that step and go
• 10:23
  straight into Bitcoin. Bitcoin one is the way it is the
• 10:26
  superior money. And man, I think 2025 is going
• 10:29
  to be a crazy year. Anyways, I'm going to pass it
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  over to John from Bitcoin Day Naples.
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  Thanks for showing up today. Appreciate it.
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  And what's your thoughts on Jamie Dimon and JP Morgan just
• 10:41
  slyly starting to, you know, change their tune around
• 10:44
  Bitcoin? Yeah, I mean like so.
• 10:48
  Nico, I I thought we're going to leave your voice go down.
• 10:50
  But you can jump in. You can jump in.
• 10:52
  Oh, I apologize. No, no, go for it.
• 10:54
  Yeah, let's get in. John.
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  We need Nico's voice to rest. Maybe we'll talk about it a
• 10:57
  little later. John, jump in.
• 10:58
  Yeah. So hi, thanks for having me on.
• 11:01
  I really appreciate it. So like, you can see just by
• 11:06
  looking at me that I'm a little older than you guys.
• 11:09
  I'm not a boomer. I am a Gen.
• 11:10
  Xer, so I take a more conservative look at things, but
• 11:16
  one of the most beautiful things about the Bitcoin game theory is
• 11:21
  that the the number go up is what draws people in.
• 11:25
  And you know, we've a lot, it's been a grassroots thing for a
• 11:31
  long time. And you've mentioned that you've
• 11:33
  been talking about these institutions coming in and
• 11:35
  eventually, eventually answer, you know, the whole graduate,
• 11:37
  graduate gradually, then suddenly thing.
• 11:41
  And I think it's just one of those things where they keep
• 11:43
  thinking it's going to go down and it's going to it's going to
• 11:46
  fail and it's going to go to 0. And they keep watching it.
• 11:49
  And year after year after year, it's the best performing asset
• 11:53
  in the world. And they finally, they just have
• 11:57
  to capitulate and they just have to say, OK, well, maybe we
• 12:00
  should get us some of this because maybe we can actually
• 12:03
  benefit from the number go up part of it without fully
• 12:08
  understanding the, the overall philosophy and, and, and
• 12:15
  intricacies of the Bitcoin network and, and what it might
• 12:19
  mean for the world. I, I think at some point they
• 12:23
  just all have to say, look, we got to get in on this.
• 12:25
  It's a FOMO kind of thing. If we don't, if we don't get in
• 12:28
  on it, we're going to, we're going to lose out.
• 12:30
  It's kind of like the I'm going to mess it up.
• 12:33
  The the one big investment house that opted out of of doing a
• 12:41
  Bitcoin ETF. Can you guys remind me which one
• 12:43
  that was? And the guy got the CEO got
• 12:46
  fired a couple months later because like, well, what are you
• 12:49
  doing? Why could, why would you tell
• 12:51
  people not to invest in Bitcoin when all these other
• 12:53
  institutions are creating a Bitcoin ETF and we're not.
• 12:58
  So I'll just leave it at that. I they just had Jamie Dimon is
• 13:03
  just or it's not really Jamie Dimon.
• 13:06
  JP Morgan is coming around to realize that they need to be a
• 13:13
  part of this and they might as well get in and make some money
• 13:19
  and bring their clients along. And eventually I think they
• 13:23
  will, they will start to understand better what Bitcoin
• 13:29
  means for the world and the the beauty of the Bitcoin network
• 13:33
  and the game theory and the fixed supply and all of that.
• 13:38
  And, but in the meantime, I think the number go up is what's
• 13:43
  drawing them in. And they finally just have to
• 13:45
  say this is it this that we we gotta get in.
• 13:50
  Yeah, yeah, yeah. John, the the CEO you're talking
• 13:53
  about or the hedge fund was Vanguard. 1st and Foreman and
• 13:56
  then second thing I might push back a little bit on on what you
• 13:59
  said about Jamie Dimon. I'm I'm more convinced that
• 14:03
  anything that comes out of JP Morgan and definitely gets the
• 14:05
  Jamie Dimon stamp of approval and shouts out to my boy Nolan
• 14:09
  over, you know, count BTC. He's starting his new show I
• 14:12
  think this week. He said for a long time he used
• 14:15
  to work in, I forget what building it was, but it had a
• 14:19
  bunch of JP Morgan and Chase people there and some of their,
• 14:23
  the people very close to Jamie Dimon.
• 14:26
  We're asking very interesting questions about Bitcoin a long
• 14:29
  time ago around I think he said like 2016 or something like
• 14:31
  that. So I think they know exactly
• 14:34
  what's going on. And again, anything coming out
• 14:36
  of JP Morgan I think has Jamie Dimon's stamp of approval.
• 14:39
  He's like the God king over there.
• 14:41
  So I think he's, I think he wouldn't let this stuff get out
• 14:44
  if he didn't kind of know where the train was headed.
• 14:47
  So I, I think other than that, I would agree 100% with you, John.
• 14:51
  Now I'm gonna pass it over to Wesley here.
• 14:53
  Give Nika's throat a little chance to heal on us.
• 14:56
  But Wesley, what's your thoughts on hearing JP Morgan analysts
• 15:00
  come out and start to pivot their Bitcoin stance?
• 15:02
  Get a little more, a little more bullish on Bitcoin and maybe I
• 15:05
  would argue maybe being a little more truthful what's going on in
• 15:08
  the, the, the global macro landscape.
• 15:13
  Well, I'd say it's just good business for them to say don't,
• 15:17
  don't buy this. You know this is trash.
• 15:20
  Flood it while they're stacking it in the background.
• 15:25
  You know, it it we all talk about game theory, you know,
• 15:29
  like the United States is going to whip out as SBR.
• 15:32
  Are they going to announce that they're doing it or are they
• 15:34
  just going to start doing it? And then once they've already
• 15:36
  got their bag, then they actually announce it.
• 15:38
  And so I probably a lot of that is kind of the same here, but
• 15:42
  also could just be that they are just so entrenched in the system
• 15:48
  and they are the pillars that make it up that they may
• 15:50
  actually have just thought like, you know, this is this is
• 15:54
  nothing. And if if they did, then they
• 15:57
  missed out on some of the, you know, best gains ever, which
• 16:03
  good for us because we got those instead of them.
• 16:05
  Now they're going to come in and buy us up from 100 to a million
• 16:10
  and they're still going to get that 10X.
• 16:13
  But just the, the fact that the plebs were able to get most of
• 16:18
  this coin, you know, I think it's, you know, like, I forget
• 16:21
  the exact number, but like a, a super majority of Bitcoin is
• 16:24
  held by individuals and not by institutions, which I think is
• 16:30
  definitely better for everyone. You know, I, I know everyone
• 16:32
  likes to say Bitcoin's for enemies, but you know, so are
• 16:35
  guns and ammo. And when the guy who says he
• 16:37
  wants to kill you start stalking, stockpiling on it, you
• 16:39
  know, it doesn't mean it doesn't mean like, Oh, my ammo prices
• 16:42
  are going up. So I, I think, you know, we get,
• 16:46
  we got opportunity to front run the establishment that we've
• 16:50
  been trying to free ourselves from.
• 16:52
  And you know, that time is probably ending.
• 16:55
  You know, there's a lot, there's a lot of comments going on about
• 16:59
  how people have stopped trying to evangelize, you know, because
• 17:03
  you have this legitimization from the institutions on, on
• 17:08
  Bitcoin. But if you are waiting for
• 17:10
  BlackRock to tell you Bitcoin was a good investment, then you
• 17:16
  you didn't get it and you still don't.
• 17:20
  So, I mean, I, I've also stopped evangelizing.
• 17:23
  We host our meetups, people come to us.
• 17:26
  We don't go out anymore because if people need to still be
• 17:31
  having their doors knocked on at this late in the game, they're
• 17:35
  not probably going to be the most active players in your
• 17:37
  team. Totally couldn't agree more.
• 17:41
  I I've been saying for a minute in my personal life like I don't
• 17:44
  evangelize Bitcoin too much, but hey, if you want to hear me talk
• 17:47
  about Bitcoin. I got a show for it.
• 17:49
  I talk. About it every single day, this
• 17:52
  is where. You get the message in my
• 17:53
  personal life. I'm like, yeah, you know, I, I,
• 17:55
  I hold a little bit of corn, you know, other than that, I'm I'm
• 17:59
  starting to maybe get a little pessimistic fields here and be
• 18:01
  like, no, you don't want Bitcoin.
• 18:03
  You don't want none of this Bitcoin thing.
• 18:04
  You shouldn't buy it. It's not for you.
• 18:06
  No, I'm, I'm just kind of trolling.
• 18:08
  Anyways, Nico, how you doing this morning?
• 18:11
  I don't know if you want to tell the people why you're in the
• 18:12
  Coho seat today, but good to have you here.
• 18:15
  Literally good to have you here on today's show.
• 18:18
  Yeah, so like yesterday was pretty crazy.
• 18:20
  You know, my, I was having like throat, my throat was hurting
• 18:24
  over the weekend and yesterday got to a point where it like
• 18:28
  literally my tonsil was the size of a golf ball and I was having
• 18:31
  trouble breathing and I had to go to the ER.
• 18:34
  And then like, you know, they gave me antibiotics and like now
• 18:37
  I feel way better, but it's pretty scary.
• 18:39
  Like I was telling Opti yesterday I was like, dude, I
• 18:41
  think I can't breathe. So but everything's fine now.
• 18:45
  Everything's fine. Disaster avoided.
• 18:47
  Thank God for modern medicine. But in regards to what we're
• 18:50
  talking about, you know, it's quite interesting because what
• 18:53
  we've been saying for quite a long time now, you know, Jamie
• 18:56
  Dimon, Larry Fink, don't pay attention to what they do.
• 19:00
  Pay, sorry, don't pay attention to what they say, pay attention
• 19:02
  to what they do. Now Larry Fink is like pure team
• 19:05
  Bitcoin now. He's like preaching Satoshi's
• 19:07
  gospel. He's like fully on board.
• 19:09
  But Jamie Dimon, again, you know, it's like, don't pay
• 19:13
  attention to what he's saying, pay attention to what he's
• 19:16
  doing. And clearly, you know, they have
• 19:18
  a, they have a different outlook on it.
• 19:20
  Now, the thing that I will say is I think it's an inevitability
• 19:23
  that Bitcoin surpasses the market cap of gold.
• 19:27
  And I was actually asking ChatGPT in the background.
• 19:30
  When Bitcoin reaches the market cap of gold, that would put one
• 19:34
  Bitcoin at roughly between 800,000 and $850,000 per coin.
• 19:39
  That's insanity and it's a superior asset in every which
• 19:44
  way. Like gold isn't absolutely
• 19:47
  scarce. Gold is limited by its physical
• 19:50
  characteristics. So it's very difficult to
• 19:53
  transport gold. You can't send gold
• 19:56
  instantaneously to someone across the planet.
• 20:00
  And also you don't know how much gold is in the ground.
• 20:05
  Like there's, you know, articles written all the time.
• 20:08
  I've seen these where there are these asteroids that have so
• 20:11
  much gold in them. You know, now it's, it's not
• 20:13
  economic gold to space mine. But who's to say with Elon what
• 20:17
  he's doing with SpaceX? Who's to say that in 10 years
• 20:20
  that's not going to be the case, right?
• 20:22
  So, yeah, I mean, you know, it's it's it's it's obvious where
• 20:27
  this thing is going. If Bitcoin is the superior
• 20:29
  asset, it's the only thing on planet Earth that has absolute
• 20:34
  scarcity. And I will say this, it's not a
• 20:37
  coincidence that it's the best performing asset of the last 15
• 20:41
  years. And whether it's an institution
• 20:44
  or a nation state, like as soon as they adopt Bitcoin, like look
• 20:49
  at what happens, right? Like it's, it's just, it's, it's
• 20:53
  absolutely insane. You know, like Michael Saylor's
• 20:56
  Bitcoin strategy, micro strategy, they, they're best
• 20:58
  performing company of, you know, the best performing, the best
• 21:04
  performing, you know, one of the best performing stocks of 2024.
• 21:09
  I suspect that that trajectory will continue into 2025.
• 21:13
  And you know, Naimbu Kelly, I don't think it's a coincidence
• 21:17
  that the most popular president in the Americas, which is Naimbu
• 21:21
  Kelly with a 94% approval rating, is the first country
• 21:24
  that made Bitcoin legal tender. Like good things happen when you
• 21:27
  adopt Bitcoin, you know, as your unit of account, like life gets
• 21:32
  progressively cheaper. So I think it's inevitably, it's
• 21:35
  inevitable that's going to surpass gold.
• 21:36
  It's inevitable that all these institutions are going to wake
• 21:39
  up to this reality. Now it's great because plus, you
• 21:43
  know, the everyday people were able to front run these people,
• 21:47
  you know, and we got like a really big head start.
• 21:49
  But I think that head start, I think that door is closing.
• 21:52
  I think 2024 was the beginning of this institutional adoption
• 21:55
  of Bitcoin. That's only going to accelerate.
• 21:57
  So if you're selling Bitcoin right now, you're selling it to
• 22:01
  nation States and you're selling it to institutions, you're not
• 22:04
  selling it to other plebs. And fundamentally the revolution
• 22:07
  is individuals taking Bitcoin into self custody.
• 22:09
  So just be wary, don't sell your Bitcoin, you know, leave it in
• 22:14
  cold storage and save it for a rainy day.
• 22:17
  Anyways guys, before we start the show, I do want to give a
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  Bitcoin wishing well. All right everybody let's get to
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  the numbers. We have lots to talk about.
• 24:27
  We have so much content to get through, so stay tuned and also
• 24:31
  shout out to the 670 of you guys watching live on YouTube.
• 24:36
  Help us break 1200 likes within the 1st 30 minutes of the show.
• 24:41
  We're at 150 likes to smash that like button.
• 24:44
  Also shout out to the Rumble audience, which has been
• 24:46
  popping. And of course, shout out to the
• 24:49
  X audience as well. We love you guys.
• 24:51
  And of course, for the people that like to listen to us on
• 24:53
  podcast, shout out to everybody listening to us on anchor on
• 24:57
  Apple Podcast. Leave us a good review and love
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  you guys. All right, everybody, let's get
• 25:02
  to the numbers. Lots to talk about.
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• 26:49
  Let's go. First and foremost, we are on
• 26:51
  Clarkman news dashboard and we're over 100K.
• 26:54
  Let's go the. Bitcoin price is $101,740 per
• 26:59
  Bitcoin, which means the SAT's per dollar, AKA how much Bitcoin
• 27:03
  you can buy for a single dollar, AKA how much the dollars worth
• 27:05
  in Bitcoin is finally back under 1000 SAT's per dollar, we're
• 27:09
  currently at 983. The current Bitcoin block height
• 27:12
  is 878,113 and the market cap guys we have claim the $2
• 27:18
  trillion market cap, we're at $2.02 trillion in Fiat terms and
• 27:23
  the Bitcoin verse gold market cap is inching towards that 20%.
• 27:27
  We're at 10.93% and the total percentage of Bitcoin that will
• 27:30
  ever be issued, I repeat that will ever be issued is currently
• 27:33
  at 94.31% with roughly 19.8 million Bitcoin in circulation.
• 27:39
  Now there's a good conversation in the chat about, you know,
• 27:42
  maybe is this the time to be more militant about Bitcoin?
• 27:45
  Well, I actually have a pretty good clip here and shout out to
• 27:48
  Jack Mahler's because this is the energy we need right now and
• 27:51
  I'm not even going to yap more about it.
• 27:53
  Let's just hear Jack Mahler's talk about what we're doing here
• 27:56
  in the Bitcoin space. Because I'll tell you what,
• 27:59
  we're going to take our reserve currency and we're going to
• 28:02
  smash by we're going to take our technology, we're going to
• 28:04
  build, we're going to take our entrepreneurs, we're going to
• 28:06
  support them. We're going to take our miners
• 28:08
  and we're going to hash. That's what we're going to do in
• 28:11
  the United States of America. And we're going to show you that
• 28:14
  democracy and freedom is the best way towards human
• 28:18
  flourishing and to support human civilization.
• 28:21
  Let's go open competition, fair competition, let's go.
• 28:26
  And if you think your approach to human civilization and your
• 28:29
  approach to government is better, then let's go out and
• 28:32
  see. But we got the best
• 28:34
  entrepreneurs, the best miners, the best stackers, the best
• 28:38
  hodlers, the best mines. And no offense, I know I got a
• 28:40
  lot of people out there that are listening to this that aren't
• 28:42
  American, but what can I say? Born and raised, land of the
• 28:45
  free, home of the brave. That's how I feel.
• 28:48
  I'm not afraid of competition. We embrace it.
• 28:50
  So the the way to de risk this and the way to promote progress
• 28:54
  and growth is to go out and act on your principles.
• 28:58
  Don't be afraid. Listen, everyone's afraid of
• 29:01
  risk, but there's risk everywhere.
• 29:04
  You know what's riskier than buying Bitcoin?
• 29:07
  Not buying Bitcoin. What's riskier than buying
• 29:12
  Bitcoin is not buying Bitcoin, right?
• 29:16
  Getting in an Uber is risky. Getting on an airplane is risky.
• 29:21
  Going to the grocery store has some risk involved in it.
• 29:24
  You want to know how risky life is?
• 29:26
  None of us are making it out alive, right?
• 29:33
  I've never landed. The free home of the brave isn't
• 29:37
  about being afraid of risk. It's about principles.
• 29:44
  It's about fighting for what we believe in.
• 29:48
  Let's go. I I I'm glad I played this clip
• 29:51
  today. I needed that energy it right
• 29:53
  now straight into my veins because we're, we're absolutely
• 29:58
  killing it, man. It it's it's incredible to just
• 30:02
  see Bitcoin winning. And actually, we were talking
• 30:04
  before the show with John and Wesley before Nico popped in,
• 30:07
  that we're seeing a lot of talk about strategic Bitcoin
• 30:10
  reserves. Right now it's been, you know,
• 30:12
  the newest trend in the world. Every almost, I would argue
• 30:16
  every nation has to be talking about this, but all of the big
• 30:19
  nations are at least kind of signaling that they are going to
• 30:23
  do something with it. And I think that might be, you
• 30:26
  know, it's a double edged sword. We're seeing that if the
• 30:29
  strategic Bitcoin reserves do not materialize, that might be
• 30:32
  bad for the Bitcoin price. But I think even if the US just
• 30:35
  continuously talks about it and foreshadows that it's going to
• 30:38
  come, I think that's going to be extremely bullish for Bitcoin in
• 30:41
  general, whether nothing actually happens and they just
• 30:43
  kind of keep like pushing it down the road.
• 30:46
  I think that is some huge signaling around the world.
• 30:49
  And I really like, you know, Jack Mahler's approach here of
• 30:52
  dude, you know, land of the free, home of the brave, like
• 30:55
  stand on principles. And this is how we continue to
• 30:58
  usher Bitcoin into the masses. And, and I've been arguing this
• 31:01
  for a long time that the best way to spread Bitcoin or kind of
• 31:06
  get your normies interested in Bitcoin is not necessarily
• 31:08
  having these Bitcoin conversations.
• 31:10
  And, you know, going on these Charlie Day rants about Bitcoin
• 31:13
  where you're connecting all these dots.
• 31:15
  It's literally just living a good life and showing them in
• 31:18
  the way that you live, that as a Bitcoin, you are living a better
• 31:22
  life. And I think that is how you
• 31:23
  really show that Bitcoin is the most successful way to live.
• 31:27
  That having Bitcoin on your own personal balance sheet, or
• 31:29
  rather using Bitcoin as as the best money in the world as the
• 31:33
  Bitcoin standard that you're living, you're showing more
• 31:36
  people around you that this is the best way to live, especially
• 31:40
  if you talk to normies right now, there's a lot of nihilism
• 31:43
  out there. There's a lot of concern about
• 31:44
  the future. No one's even really thinking
• 31:46
  about the future. They're just kind of in the
• 31:48
  moment. Like I remember over the
• 31:50
  Christmas break, I was having a conversation with friends and
• 31:53
  they're all saying the same thing.
• 31:55
  They think the future is going to be worse.
• 31:56
  And I'm sitting here like, no, the future is going to be great.
• 31:58
  What are you talking about? We have Bitcoin right now.
• 32:01
  People are embracing Bitcoin. Bitcoin is going to take over
• 32:03
  the world. And so I love this rant of Jack
• 32:06
  Mahler's of how America leading the charge on Bitcoin is
• 32:09
  actually a good thing. And we're standing on
• 32:12
  principles. We're sending all business here
• 32:14
  at Simply Bitcoin today, especially when you follow the
• 32:17
  initial news story that we talked about.
• 32:19
  Of course, JP Morgan is kind of backsliding on their Bitcoin
• 32:21
  position. And just following up with that
• 32:24
  of like, this is what you need to be doing to live a good life
• 32:28
  is to continue to stack Bitcoin. I think those two combined
• 32:32
  stories are just like very hard signal for for the normies out
• 32:36
  there if they're watching, I think this is just Bitcoiners
• 32:38
  here. But if you're not fully a
• 32:40
  Bitcoiner yet, I hope that hit you in the field.
• 32:42
  So I hope you're getting a little bit of FOMO and you get a
• 32:44
  little gut kick of, yeah, I need to go deeper into Bitcoin.
• 32:48
  OK, so giving Nico a little break, I'm going to pass it over
• 32:51
  to Wesley first and foremost. Wesley, what's your thoughts on
• 32:54
  that Jack Muller's clip? You know, one I just I realized
• 32:59
  I just bought that hat, so hopefully.
• 33:01
  Not. Only composer, but you know, I
• 33:05
  mean I think I think that's exactly what like Trump means
• 33:10
  when he says we're going to make Bitcoin in America.
• 33:13
  Is that look all right? This thing's happening, it's not
• 33:16
  going away. And so we need to do it the best
• 33:21
  and we kind of already are. I mean, we have most of the
• 33:26
  Bitcoin is held in the United States.
• 33:30
  Really the the big component the US is lacking is the
• 33:37
  manufacturer of the miners themselves.
• 33:40
  You know, like almost all the machines are coming from China.
• 33:44
  I know Intel was trying to do something with square or block,
• 33:47
  but I think they, you know, paper handed whenever we, you
• 33:50
  know, we had that little dump a couple years ago.
• 33:54
  So I, I agree. I mean, as an American, you
• 33:58
  know, I, I, I want America to be the best place to do Bitcoin.
• 34:04
  That's, you know, one of my goals here.
• 34:05
  I bet Quan Bay is to make the Tampa area the best place to do
• 34:09
  it in the US. But I, you know, I agree.
• 34:14
  If you, it was like, oh, I can't afford it.
• 34:17
  And I'm like, you can't afford not to have it.
• 34:19
  You know, it's, people are like, it's too expensive, it's too
• 34:24
  volatile. And I'm just like, it's been 8
• 34:28
  years, you know, of me telling you guys to buy this stuff and
• 34:34
  you're gonna be just as upset AT250K that you didn't buy it
• 34:37
  now then you are they didn't buy it at 50.
• 34:41
  Unfortunately, some people, you know, not everyone fits on the
• 34:44
  arc, I guess is kind of, you know where we're at.
• 34:46
  But you know, I, I agree, I agree with Jack.
• 34:49
  And I think we need to make, we need, we need to create the
• 34:52
  environment here in the US to, you know, capital goes where
• 34:56
  it's treated best. And if you know, the Elizabeth
• 35:01
  Warrens of the world get their way, people are gonna leave.
• 35:04
  I know a lot of my guys are, are nomads and are looking for
• 35:08
  jurisdictional arbitrage. If if this place isn't, if
• 35:13
  America is not the best place in the world to be a bitcoiner, the
• 35:15
  bitcoins are gonna leave. And I think, you know, the
• 35:18
  current administration, incoming administration recognizes that.
• 35:21
  And I'll be very interested to see, you know, what comes out of
• 35:24
  the 1st 100 days. Love it.
• 35:27
  Totally agree And yeah, I think it's very important we double
• 35:29
  down on on that Jack Mueller's quote Like it's risky not to own
• 35:33
  Bitcoin right now. It's riskier not holding Bitcoin
• 35:36
  than this perceived idea that it's too risky to own Bitcoin.
• 35:39
  Especially when you think about many, many Americans, they
• 35:43
  really are wrapped up in the dollar and you know the $1.00
• 35:46
  equals $1.00 meme when in reality they're losing their
• 35:48
  purchasing power and when you. I know it's.
• 35:50
  Complicated to explain to your friends and family because you
• 35:53
  only get like two or three minutes to explain it, but.
• 35:56
  Just kind of hitting them with like it's riskier not owning
• 35:58
  Bitcoin like next. Topic like let's.
• 36:00
  Keep it moving. This is all we really need to be
• 36:02
  saying anyways, John. I see you smirking.
• 36:05
  What's what's your thoughts on that Jack Mahler's clip?
• 36:10
  Well, I mean, he there was a lot of things to unpack there.
• 36:13
  He's got some strong patriotism. And, you know, the this country
• 36:18
  was built by a few men who got tired of being oppressed by
• 36:25
  their government and felt like they needed to move on and
• 36:30
  revolt against that government. And, you know, a big part of
• 36:34
  that revolution was about money and, and they, you know, and,
• 36:39
  and getting away from a central bank.
• 36:42
  So, you know, well, with this new money, we ought to be the
• 36:48
  leaders in the United States, ought to be the leader in
• 36:52
  developing all the tools and things that will be built on the
• 36:57
  Bitcoin network and in advancing that monetary network.
• 37:03
  The other thing is, you know, he said he brought up the, the
• 37:07
  inevitability of death. And so, you know, I, I try to,
• 37:13
  you know, live my life as much as possible with, with that mind
• 37:19
  that time is a is our most scarce resource because we don't
• 37:23
  know at any point in time we could lose the ability to be on
• 37:27
  this earth and, and live this life.
• 37:30
  So, you know, take the risk. You know, what do you got to
• 37:35
  lose? Take the risk, get into the
• 37:36
  network, buy some Bitcoin, you know, be be be part of the of
• 37:42
  the revolution. And if you just want to be
• 37:45
  somebody that you know, buys and holds and sits back and just
• 37:50
  kind of watches, that's that's fine too.
• 37:54
  But you know, I think it's, I think it's just really the the
• 38:01
  point that he made about, you know, the riskiest thing is to
• 38:04
  not buy Bitcoin. It it just makes a lot of sense.
• 38:08
  Totally. All life is rich.
• 38:09
  Don't let life pass you by. Smash some Bitcoin right now.
• 38:13
  All right, guys. Before we move into the next
• 38:14
  segment, there is over 750 of you guys watching on YouTube
• 38:19
  smash the like button. There's over 2500 on Twitter,
• 38:23
  smash the like button and shouts out to our boys over at Rumble.
• 38:26
  They've been yelling at a sneaker that we're not giving
• 38:28
  them enough love. We love you guys.
• 38:29
  I love, I love. You don't need to.
• 38:31
  Smash the like button over there because there's no algos, but
• 38:33
  smash the like button anyways. All right, guys, let's get into
• 38:36
  the news and let's cover some more stuff on Simply Bitcoin.
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  by Foundation Devices. That last line always gets me
• 41:03
  all right guys anyways. Anyways, anyways, I know you
• 41:07
  guys have been trolling us lately that we should rename the
• 41:10
  channel to simply Sailor, but hey dude, Sailor is I guess I
• 41:14
  would say maybe employee of the year for.
• 41:17
  For Bitcoin and he just keeps doubling down on that guys.
• 41:20
  And this is the big news story as you can see we've been
• 41:23
  covering the last couple of weeks that sailor and micro
• 41:26
  strategy is being specifically referenced in a lot of news
• 41:30
  reports coming out. So he's a huge player in the
• 41:33
  game to lead the Bitcoin charge and he's just continuing to put
• 41:36
  on a master class for all of corporate America and every CEO
• 41:40
  that they need to get some Bitcoin.
• 41:42
  So there's two new stories here. First one is of course, micro
• 41:46
  sailor and MicroStrategy just continues to buy more Bitcoin.
• 41:50
  And and there's also kind of like a, a meme going around
• 41:53
  where he where he drops that chart.
• 41:54
  Let me see if I if I can show you.
• 41:56
  So every time sailors been dropping this chart here, right
• 41:59
  here, the sailor tracker chart on Twitter, it's it's, you know,
• 42:05
  forecasting that he's announcing another Bitcoin buy and he just
• 42:08
  keeps doing it. So on this first buy, this first
• 42:11
  news story, it's, it's old news. We, we're, I think we're all
• 42:14
  kind of getting tired of just seeing sailors scoop up so much
• 42:17
  Bitcoin. We're like, man, leave some for
• 42:19
  us, bro. Like what's going on here
• 42:21
  anyways? MicroStrategy acquired another
• 42:23
  1070 Bitcoin for roughly 101 million at a rough price of
• 42:28
  94,000 per Bitcoin and has achieved a BTC yield of 48 1000
• 42:33
  in Q4 of 2024 and 74.3 in FY20. What's that for year 2024?
• 42:41
  Now they hold 447,470 Bitcoin acquired at roughly 27.97
• 42:48
  billion and roughly 62 point 5K per coin.
• 42:51
  But the next story, which I think is a more interesting
• 42:55
  story that we're seeing is on Friday, he announced that
• 42:58
  MicroStrategy is targeting up to a $200 billion capital raise
• 43:02
  through a public offering of perpetual preferred stock in the
• 43:06
  first quarter of 2025. Now this is a new move by Sailor
• 43:09
  and this is a, this is a new development that we're seeing
• 43:12
  MicroStrategy and Michael Saylor do.
• 43:14
  It's not the same kind of stock or convertible debt that we've
• 43:17
  seen Michael Saylor do in the past.
• 43:19
  And now it's offering a new product for all, totally new
• 43:23
  Ave. of the traditional market. So I'm going to breakdown rather
• 43:26
  I'm going to read this just press release 1st and then I'm
• 43:30
  going to have Dylan Leclerc kind of breakdown what this actually
• 43:33
  means. So today or rather micro on
• 43:36
  Friday, micro strategy in furtherance of its previously
• 43:39
  announced 2121 plan, a capital plan to raise $21 billion of
• 43:43
  equity and $21 billion of fixed income instruments, including
• 43:48
  debt, convertible notes and preferred stock over the next
• 43:50
  three years, announces. It's targeting a capital raise
• 43:53
  of up to two $2 billion through one or more public underwritten
• 43:56
  offerings of perpetual preferred stock, which will be senior to
• 44:00
  our Class A common stock. The perpetual preferred stock
• 44:03
  may include features such as one, convertibility to our Class
• 44:06
  A common stock, two payment payment of cash dividend and
• 44:09
  three provisions allowing for redemptions of shares, among
• 44:13
  other features. The offering is expected to be
• 44:16
  registered via registration statement on Form S3 to be filed
• 44:19
  with the US Securities and Exchange Commission.
• 44:21
  Of course, the number let's see this if it if it's expected to
• 44:25
  occur, will happen in the first quarter of 2025 S Now you got
• 44:29
  the basics here, but our boy Dylan Claire did a mega thread
• 44:33
  on Twitter rather mega post on Twitter and I'm not going to
• 44:37
  read the whole thing, but you guys can go check them out on on
• 44:39
  Twitter if you want to read the whole thing.
• 44:41
  But there is some breakdowns in here and and what the
• 44:44
  significance of this means. So what is a perpetual preferred
• 44:47
  stock and what does it mean or whether what might it mean for
• 44:51
  micro strategies MSTR or as I got trolled on over Twitter,
• 44:55
  master I call it master but it's MSTR anyways.
• 44:59
  TLDRA Perpetual preferred stock is a hybrid financial instrument
• 45:03
  that combines features of debt and equity, offering fixed
• 45:06
  dividend payments with no maturity debt.
• 45:08
  It sits between debt and common stock on a company's capital
• 45:11
  structure. Meaning preferred shareholders
• 45:14
  are paid dividends before common shareholders and no dividends
• 45:17
  for common shareholders in this case, but after debt holders.
• 45:20
  In liquidation, they also have priority over common
• 45:23
  stockholders. While preferred shareholders
• 45:25
  usually lack voting rights, they benefit from a more stable
• 45:28
  income stream and greater security and dividend payments.
• 45:32
  This structure allows companies to raise capital without
• 45:34
  diluting voting control while offering investors a balance of
• 45:38
  income and relative safety. The most important thing to
• 45:41
  understand is that as the preferred stock is perpetual,
• 45:44
  there is no lump sum principal repayment.
• 45:47
  There will be an annual dividend and depending on the rate it is
• 45:50
  issued at its equivalent to pulling forward 20 or 10 to 20
• 45:54
  years of buying power. At a 5% rate, you are
• 45:56
  essentially pulling forward 20 years of cash.
• 45:59
  Absolutely insane. So more specifically, if we
• 46:03
  narrow it down the parameters that match where MSTR likely
• 46:07
  targets, there are currently 306 securities that check the
• 46:10
  following boxes. Exchange listed perpetual US
• 46:13
  listed issuer 378 million, average value per issue 115.69
• 46:18
  billion in aggregate across 306 issues and average initial
• 46:22
  dividend rate of 6.283. So who is the target buyers for
• 46:26
  this preferred stock? Insurance companies, pension
• 46:29
  funds? Wow mutual funds?
• 46:31
  Banks? Notably, preferred stock can be
• 46:33
  held as a tier one or Tier 2 capital on bank balance sheets
• 46:37
  under BASIL 3 banking regulations.
• 46:40
  Now adding a little more context to this and again, I'm not going
• 46:43
  to read the whole the whole post, you guys go check it out
• 46:45
  on Twitter. But preferred stocks are low
• 46:47
  volatility, low performance income generating securities
• 46:51
  shown below and there's a chart. This will be the first time we
• 46:54
  are seeing what falls under the MSTR dividend category that
• 46:57
  MicroStrategy tease on it's Q3 earnings presentation.
• 47:01
  However, there is an extremely important advantage that MSTR
• 47:05
  has compared to nearly all other preferred issuers.
• 47:08
  Volatility, not to mention subsequent common stock
• 47:11
  liquidity performance and BTC exposure.
• 47:14
  There is what which one what MSTR can provide to fix income
• 47:19
  investors and it is an indefinite BTC back call option.
• 47:23
  So going further, there was one point here that was really good,
• 47:30
  but this is so, so long. So let me see essentially what
• 47:35
  we're saying. All right, here we go.
• 47:37
  The Treasury team has spoken at length about selling volatility
• 47:40
  only through convert issues thus far and recycling the proceeds
• 47:43
  back into BTC. This selling of volatility is
• 47:46
  how they take the preferred market by storm.
• 47:49
  The most interesting thing to watch for will be the provisions
• 47:52
  that the conversion contains in the preferred offering.
• 47:55
  In the past when MSTR has issued comfortable bonds, the bonds has
• 48:00
  contained all sorts of provisions for a convertible
• 48:02
  component. The point of these provisions is
• 48:05
  to essentially cap the upside and the downside of the
• 48:08
  convertible options. So now with this new preferred
• 48:12
  stock, they neutralize the value of the cost.
• 48:15
  So as a target something like approximately 50% death delta.
• 48:18
  So for every billion dollars of bonds that are issued, the
• 48:21
  convert bond arbitrage desk will short sell something like 500
• 48:24
  millions of equity to long lock in immediate gains.
• 48:27
  But the preferred stock could be a bit different given the
• 48:31
  indefinite nature of the option. Read Perpetual preferred.
• 48:34
  An uncapped call would hold extreme value even if the call
• 48:37
  was strike laughably far out of the money given the immense
• 48:41
  volatility and time value of the option.
• 48:43
  Stepping back, the preferred market is just a relative larger
• 48:46
  scale than converts. For scale.
• 48:48
  The total side with the convert market in the United States for
• 48:51
  listed securities is 1360 bonds worth 302 billion compared to
• 48:56
  572 billion in total for all preferred stocks.
• 49:00
  So what does this all mean? In essence, Bitcoin has
• 49:04
  infiltrated the fixed income market and the dreaded
• 49:06
  uncertainty read volatility that every smug trad FI allocator
• 49:11
  spent the past 15 years making fun of us is the very reason
• 49:15
  that these MSTR preferreds will likely be the top performing
• 49:18
  preferred security in the market before long, just like the MSTR
• 49:21
  converts and the common stocks have been.
• 49:24
  So MSTR bears to wrap up the thread has no idea what is about
• 49:29
  to get hit them. And then of course, he rounds it
• 49:31
  out. And don't get me started in the
• 49:33
  potential BTC yield here. So it looks like Sailor is just
• 49:36
  continuing to put on a master class out here, hitting a whole
• 49:40
  new market. And Nico, that man, we said it.
• 49:44
  We, we, we said it last year, we should have probably just been
• 49:49
  buying MSTR the whole year at this point.
• 49:52
  Dude, I'm. Just killing it.
• 49:54
  I mean, bro, I would be, I would be like significantly wealthier
• 49:58
  if I just sold all my Bitcoin and put it into MSTR and I would
• 50:03
  have more Bitcoin too. But yeah, I mean, you know,
• 50:07
  obviously hindsight's 2020, but look, it MicroStrategy continues
• 50:12
  to kill it. Obviously Sailor is an is a
• 50:16
  genius and you know, he's really like nailed down this formula
• 50:22
  and it's working to his advantage tremendously.
• 50:27
  And you know, the like the proof is in the pudding.
• 50:30
  The proof is in the work. I mean, it's there, everyone
• 50:33
  could see it. And you know, he's just going to
• 50:36
  continue to buy as much Bitcoin as humanly possible.
• 50:39
  Why would he stop? I mean, it's working.
• 50:42
  You know, one of the things that I was thinking about the other
• 50:45
  day and I was like having a conversation with my wife about
• 50:48
  this, like when it comes to like Fiat debt, right?
• 50:53
  Like essentially it's a cheat code because your Fiat debt
• 50:58
  like, OK, if it's a credit card, you know, let's say roughly it's
• 51:02
  about, you know, 15 percent, 12%, right, roughly around that
• 51:06
  area. If you think Bitcoin is going to
• 51:10
  compound from here conservatively at 30 to 40% from
• 51:15
  here for the for the next 10 years, like you're like, you're
• 51:22
  incentivized to use the traditional debt based system to
• 51:26
  your advantage. And this is essentially the hack
• 51:29
  that Michael Saylor has found within the traditional financial
• 51:33
  system. A lot of people call it the
• 51:35
  infinite money glitch. Obviously as everyday
• 51:38
  individuals, we don't have access to the rates that Michael
• 51:41
  Saylor does, but still we still the rates that we do have access
• 51:46
  to, like Bitcoin's still going to out compete them, right.
• 51:52
  So I'm not telling you to take a loan out or mortgage your house.
• 51:56
  I'm not saying any of that. No, this is not financial
• 51:58
  advice. But you know, that's what Sailor
• 52:02
  has done is that he's taking advantage of the traditional
• 52:04
  debt based system to buy something that has absolute
• 52:08
  scarcity. Now what I think is going to
• 52:11
  happen after this is when the nation state FOMO truly starts
• 52:17
  and the first countries start to use their Fiat money printer to
• 52:22
  buy something that has absolute scarcity.
• 52:25
  All games are off. Like I'm telling you, if you
• 52:29
  know, Trump's going to be sworn to office in 14 days if he pulls
• 52:33
  off this Bitcoin strategic reserve.
• 52:36
  I'm, I'm, I feel very confident in saying we're going to see
• 52:39
  half $1,000,000 Bitcoin this year, which is roughly less than
• 52:43
  a 5X from now. So it's not that crazy to even
• 52:46
  say that. It's just the number's so big
• 52:48
  that you can't even wrap your head around that type of stuff.
• 52:51
  But yeah, so, you know, shout out to Sailor for really moving
• 52:55
  this forward. He paid the prices of tuition
• 52:58
  just like the rest of us. I remember when he first got
• 53:01
  into Bitcoin, I saw him front stage at Pacific Bitcoin in Los
• 53:06
  Angeles and his average buy per Bitcoin was roughly 30K per
• 53:12
  Bitcoin. And at the time Bitcoin was
• 53:15
  sitting at $16,000 per coin. And I remember he was just stoic
• 53:20
  looking at the crowd. But he had to pay the price of
• 53:23
  tuition just like the rest of us.
• 53:27
  And if you're part of class of 2024 and 2025, you are most
• 53:32
  likely going to have to pay the price of tuition, right?
• 53:34
  It's just it's it, it's what forges you as a bitcoiner.
• 53:38
  The only difference with Sailor or with Naimbu Calais paying
• 53:40
  their prices of tuition or with nation states is that they have
• 53:44
  so much capital that it makes a lot more news.
• 53:47
  But it's still the same thing. So to kind of weave it back in,
• 53:51
  to summarize all my points, take it if again, not financial
• 53:55
  advice, but something that I do personally, and this is my
• 53:58
  opinion, take advantage of the debt based system to accumulate
• 54:03
  more Bitcoin. And remember that even if your,
• 54:08
  your debt remains the same in dollar terms, but the purchasing
• 54:13
  power of those dollars goes goes down and in Bitcoin terms, that
• 54:19
  dollar based debt is going down forever, Laura, right.
• 54:23
  So you're actually incentivized to just pay the minimum payment,
• 54:28
  right? Like you're incentivized to do
• 54:30
  this right? Wait.
• 54:31
  Wait, double down on this isn't financial advice.
• 54:34
  This is not. Financial.
• 54:35
  Advice but like, you know, normally, like if you hear Dave
• 54:38
  Ramsey and stuff, he's like Nico, like like don't, don't
• 54:45
  like, you know, pay off your debt, pay off your this as a
• 54:48
  bitcoiner, I'm looking at that. I'm like, and I've done this
• 54:51
  before, but like I'm looking at them like, why would I do that?
• 54:54
  Like I would probably end up with less Bitcoin.
• 54:56
  And when I'm in a position like this year or four years from
• 55:01
  now. So because I just keep rolling
• 55:03
  it over because I'm not incentivized to pay it off,
• 55:04
  because again, the Bitcoin that the dollar of what I owe stays
• 55:09
  roughly the same or a little bit more, but in Bitcoin terms, the
• 55:14
  dollar amount that I owe is significantly less.
• 55:18
  So instead of owing for example, .1 bit, I'm just throwing
• 55:21
  examples out here, .1 Bitcoin or .05 Bitcoin.
• 55:24
  If you wait four years, you'll end up owing .005 Bitcoin
• 55:30
  instead of .1 Bitcoin. It's that type of math that you
• 55:34
  have to take it, you have to like wrap your head around.
• 55:36
  But essentially the reason I'm bringing this up is Sailor is
• 55:40
  taking advantage of the debt based system and the debt based
• 55:45
  system wasn't ready for a, a, an asset that has absolute
• 55:50
  scarcity. And that is a phenomenon that's
• 55:52
  happening. And we're starting to see it on
• 55:54
  the nation state level with Naibu Kelly, according to Jack
• 55:58
  Mahler, is using the IMF funds to scat to stack more Bitcoin.
• 56:01
  And I think we're going to start to see that on a, on a state
• 56:06
  level here in the United States. Shout out Dennis Porter doing
• 56:08
  incredible work there with this associate action fund.
• 56:10
  And I think we might possibly see it with the Trump
• 56:13
  administration with on a federal level as well, which is
• 56:16
  extremely exciting. The world was not ready for
• 56:19
  Bitcoin and the and Bitcoin, you know, nobody can stop an idea
• 56:22
  whose time has come. Anyways, I'm going to pass it
• 56:24
  on. I'm going to stop with my
• 56:25
  ramble. Definitely broke my voice a
• 56:27
  little bit more. John, what are your thoughts on
• 56:30
  all this, brother? OK, well, I'm again a much more
• 56:36
  conservative thinker and 1st of the one of the first things you
• 56:41
  said, Nico is you wish you would have sold your Bitcoin about
• 56:45
  MicroStrategy. Don't do that.
• 56:47
  Yeah, we're, we're trolling. We're trolling.
• 56:50
  Don't do that because when you buy MicroStrategy, you don't own
• 56:55
  any Bitcoin, you own MicroStrategy stock.
• 56:58
  So there was a great explanation.
• 57:00
  I'm going to do a shout out to my my friends at the Cypherpunk
• 57:06
  podcast. It's a podcast with a guy named
• 57:08
  Mark Hindley, who's a a banker that is a very astute at the at
• 57:16
  Bitcoin and understands it very well and he did it there.
• 57:19
  They did a little segment on explaining what micro
• 57:24
  MicroStrategy is doing and Michael Saylor's doing anyway,
• 57:28
  look that up. Cypher pumped.
• 57:31
  But there there's risk in what he's doing, just like you're
• 57:35
  saying. I, this is definitely nothing I
• 57:38
  say is professional financial advice that, but I agree that
• 57:44
  there's I agree that there's some benefit to taking advantage
• 57:50
  of the Fiat system and what he's doing is totally taking
• 57:52
  advantage of the Fiat system and the debt based system and
• 57:55
  capitalizing on that. And he's created a great way for
• 57:59
  institutions and other people like who have just 401 KS and
• 58:02
  don't have any other money to invest to get into Bitcoin.
• 58:05
  And that's awesome and and I love what he's doing and he's
• 58:08
  doing more and more and more of it, but it's not your Bitcoin.
• 58:12
  So you're taking a risk when you buy MicroStrategy, you're taking
• 58:16
  a risk that he has to sell Bitcoin at some point in order
• 58:20
  to pay back the debt. And so hopefully that never
• 58:23
  happens and it shouldn't happen based on what we know about
• 58:27
  Bitcoin and and the fact that it's scarce and the demand is
• 58:30
  going to continue to go up. But just remember, MicroStrategy
• 58:35
  is MicroStrategy is a stock and it's a part of a company and it
• 58:40
  is not Bitcoin. Those are my two cents on that
• 58:43
  subject. Love it John, love it.
• 58:45
  Before I pass it over to Wesley though, guys we are almost at
• 58:47
  300 likes on YouTube. Smash the like button.
• 58:49
  Help us push this in the algo. Let's let's hopefully more
• 58:53
  people can get the signal today. Anyways, Wesley, what's your
• 58:55
  thoughts? On Michael Saylor, just
• 58:57
  schooling everyone out here, you know, what's your thinking
• 59:00
  around micro strategy or the MSTR stock?
• 59:03
  What? What's your initial thinking
• 59:04
  when you hear this type of news story come out?
• 59:09
  I think you're muted bro. Sorry, normally the button, what
• 59:16
  button wasn't working? Yeah, no, there's, I mean
• 59:18
  there's a couple, there's a few thoughts, you know on the debt
• 59:23
  based, you know, coin stack inside.
• 59:27
  That's what I've been doing the past three years now.
• 59:29
  As well. You know, I realized that like,
• 59:32
  oh, OK, this is how rich people do.
• 59:34
  They borrow against their assets.
• 59:36
  They pay the debt off with inflated assets and debase
• 59:38
  dollars. This, oh, that's why we're at 0%
• 59:41
  interest rates. That's how this whole thing
• 59:42
  works. And then the Fed raised the race
• 59:45
  fast as they've ever been in, you know, in history.
• 59:47
  So I learned the lesson right, right as the door closed.
• 59:51
  So I mean it, like I already said earlier, it's just good
• 59:54
  business. I mean, why wouldn't you do it
• 59:55
  if you can get, you know, non margin callable debt and just
• 1:00:00
  and buy money and buy actual money with it?
• 1:00:03
  I mean, you'd you'd be silly not to.
• 1:00:06
  I'm not the biggest fan of, you know, of MicroStrategy and the
• 1:00:10
  ethos put forth by by Sailor. I mean, they're pretty much a
• 1:00:16
  government contract mill next door to the CIA headquarters.
• 1:00:19
  And the never sell your Bitcoin meme has made my job of creating
• 1:00:26
  a Bitcoin circular economy very difficult.
• 1:00:30
  Obviously you're not supposed to trade your Bitcoin and take
• 1:00:32
  profits and try and do that, which is what huddle originally
• 1:00:36
  you know was. But you know, whenever I have
• 1:00:38
  events and nobody will buy a $14.00 pizza with Bitcoin after
• 1:00:41
  I onboarded the the food truck, it kind of pisses me off because
• 1:00:45
  that $14.00 isn't going to kill you.
• 1:00:47
  Your grandchildren aren't going to curse your name for spending
• 1:00:51
  30,000 SAT's, you know, at a Bitcoin party.
• 1:00:55
  And I am not a fan of the digital gold narrative.
• 1:01:01
  You know, I, I sign up for peer-to-peer electronic cash.
• 1:01:06
  You know, my thing is if you, if you're not spending your
• 1:01:08
  bitcoins because you still have too many dollars.
• 1:01:11
  But I mean, I've been all in for the past couple years and I've
• 1:01:15
  now started, you know, dabbling in the, you know, borrowing
• 1:01:19
  against the coin to pay off the credit card using other cards.
• 1:01:23
  You know, the, the, it's the, the games that are available if
• 1:01:26
  you have good credit are it's, it's crazy.
• 1:01:29
  So I mean, he's going to be, his company is going to be one of
• 1:01:33
  the richest companies in the world within the next 10 years,
• 1:01:37
  probably. So kudos to him.
• 1:01:43
  But yeah, it's a, it's a definitely a complex topic that
• 1:01:50
  that that he's developed. Absolutely and and I love how
• 1:01:53
  you know, basically like at least two of us here just
• 1:01:56
  admitted to taking events of the debt based system to accumulate
• 1:01:59
  more Bitcoin. I see lightning goats giving me
• 1:02:03
  crap for it, dude. I mean like it it it so.
• 1:02:07
  And I do want to emphasize this guys, it does come with risk,
• 1:02:12
  right, because you have to deal with bitcoins volatility.
• 1:02:15
  That's the key like aspect here, right?
• 1:02:19
  So you have to manage your risk. If you are a degen and you start
• 1:02:24
  to essentially buy Bitcoin on margin, which is essentially
• 1:02:27
  what you're doing, like you could get margin called and you
• 1:02:32
  could get wrecked, right, or you could take out a loan that you
• 1:02:34
  cannot afford to pay. And I have seen people get
• 1:02:38
  wrecked. I've like in and it's they've
• 1:02:41
  lost a lot of their Bitcoin. So you know, again, you have to
• 1:02:45
  manage your risk. Like what is your risk?
• 1:02:47
  What is your personal situation and what are you open for?
• 1:02:51
  Because like you don't have to do any of this.
• 1:02:54
  This is what sailors doing. You know, obviously there's at
• 1:02:57
  least 2D Jens on the live stream right now, but you have to
• 1:03:01
  understand that like, you know, if you just stick to the Odell
• 1:03:06
  model and the Vikingo model, which I've kind of joined
• 1:03:10
  together, which is stay humble, stack SAT, stay solvent, like
• 1:03:14
  that doesn't fail ever. It's just sometimes D Jens are
• 1:03:18
  like, I want more Bitcoin, so I'm willing to take more risk,
• 1:03:20
  right. So again, what is your risk
• 1:03:22
  appetite? What are you willing to do?
• 1:03:25
  That's a question that I have for you guys.
• 1:03:27
  Clearly, Michael Saylor, the terms for sailors loans are so
• 1:03:33
  they're. Like $0.00 in 10 years.
• 1:03:37
  Like 0% / 10 years is crazy. The bet is this, if he's betting
• 1:03:42
  that Bitcoin's going to be higher than it is today in five
• 1:03:46
  years, If it is, he made a fortune.
• 1:03:50
  Now the question that I have for you guys is, do you think
• 1:03:53
  Bitcoin is going to be at a lower price in five years than
• 1:03:56
  it is today? I don't think so.
• 1:03:59
  That's the bet that Sailor made. Now all us like like normies, we
• 1:04:04
  don't have, we don't have access to those types of terms, right?
• 1:04:10
  Like we get like much higher terms, so which come with much
• 1:04:14
  higher risk. But the same logic applies.
• 1:04:17
  Do you think Bitcoin is going to be higher in five years than it
• 1:04:21
  is today? You know it, it's as simple as
• 1:04:24
  that. All right, everybody, let's get
• 1:04:25
  to the culture. We have a lot of people watching
• 1:04:28
  today, almost 4000 live viewers across all platforms and 700
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  Help us reach I'm going to this is this is a little ballsy, but
• 1:05:03
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  Appreciate all the love over there and of course, we are
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• 1:05:28
  All right everybody, we'll be right back.
• 1:05:29
  We're going to hit the culture. I want to give a shout out to
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  guys. This is going to be one of the
• 1:06:28
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  You're definitely not going to miss it that you definitely
• 1:06:33
  don't want to miss it. It's April 3rd through the 6th
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  in Dallas, TX. What makes Spit Block Boom
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  different is that the event isn't so big where you get lost
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  in the sauce. It's just the right size so you
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  can network with your fellow bitcoiners or potentially, you
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  know, try to get a job in the industry cause some of your
• 1:06:49
  favorite Bitcoin companies will be sponsoring and will be at the
• 1:06:52
  event. Simply Bitcoin will also be live
• 1:06:55
  streaming the entire event. So you guys definitely don't
• 1:06:57
  want to miss it 'cause there's going to be amazing panels and
• 1:07:00
  and conversations if you want to meet the entire Simply Bitcoin
• 1:07:03
  crew. Nico, Opti, Rustin, Dante,
• 1:07:07
  Jacob, Sophie, the Zoomer X crew and all of us, we will, a lot of
• 1:07:13
  us will be there. Definitely don't want to miss
• 1:07:15
  it. In fact, this is the first
• 1:07:16
  Bitcoin conference where me and Opti met each other in person.
• 1:07:20
  It was a bit block boom. I don't know if simply Bitcoin
• 1:07:22
  would exist if that was if that wasn't the case.
• 1:07:25
  So guys, hope to see you guys in Dallas, TX April 3rd through the
• 1:07:29
  6th 2025. You can use promo code BBB 21 to
• 1:07:34
  get $100 off your tickets. Check out our sponsor Bitblock
• 1:07:38
  Boom 2025. All right, I do want to open the
• 1:07:42
  conversation. We got the boys from Bitcoin Day
• 1:07:47
  here joining us and. Nico, let me let me take this
• 1:07:49
  and then I'll let your voice your your throat heal for a
• 1:07:51
  little bit and then and then you can chime in.
• 1:07:53
  So let's just start from the beginning.
• 1:07:56
  There's going to be so many events this year.
• 1:07:58
  I think, you know, at the very start of 2025, I think people
• 1:08:01
  should start picking and choosing which events are near
• 1:08:04
  them, where they want to go. So I will pass it to John.
• 1:08:07
  Let's just start off with, first and foremost, what is Bitcoin
• 1:08:10
  day in Naples? What is the goal you're trying
• 1:08:12
  to accomplish down there? All right, well, before I tell
• 1:08:17
  you that, I just want to say that I Wesley, I called Wesley
• 1:08:21
  like 10 minutes before this show because my Co host Jack was
• 1:08:25
  supposed to join us and he had a last minute thing come up.
• 1:08:30
  And so Wesley was a real trooper and jumped on the call.
• 1:08:35
  And Wesley is from Tampa, as he said a couple times with Bitcoin
• 1:08:39
  Bay and the Bitcoin Bay Foundation.
• 1:08:42
  And so we're partnering with Wesley and Bitcoin Bay to do
• 1:08:47
  Bitcoin day Tampa in June. But Bitcoin day in general, our
• 1:08:52
  goal is to is to bring together plebs.
• 1:08:58
  We we are, our audience is really Bitcoiners and we like to
• 1:09:02
  bring everybody together and we have the fortunate ability to,
• 1:09:11
  we're fortunate to have a lot of really well known and
• 1:09:15
  influencers in our immediate area.
• 1:09:17
  So the South Florida region is full of just awesome Bitcoiners
• 1:09:21
  and and they are so generous giving up their time to spend a
• 1:09:25
  day. And so like, yeah, you see those
• 1:09:28
  guys. Larry Lapard.
• 1:09:29
  Oh, wow, Nico, you know, Bitcoin Ben is a great supporter of
• 1:09:33
  ours. Maddie I, Stanley Condon, all
• 1:09:35
  these guys, most of these folks are either from South Florida or
• 1:09:39
  have some sort of a connection to South Florida.
• 1:09:42
  Actually 40% of our speakers are either from Naples or have a
• 1:09:48
  direct connection to Naples. So it's really cool that we have
• 1:09:52
  such a, such a great pool of talent.
• 1:09:56
  And so we, we want to bring those talented influencers into
• 1:10:00
  a small environment, a small intimate setting where we can
• 1:10:06
  create an environment where everyone can connect so that
• 1:10:09
  Bitcoiners can come. Instead of, you know, seeing
• 1:10:12
  these guys only on the big stage and not being able to mingle
• 1:10:15
  with them, you can actually sit at a table with them for the day
• 1:10:18
  and get to know a little bit better, have a conversation with
• 1:10:21
  them over lunch or out in the hallway.
• 1:10:24
  So bringing together quarters with influencers is our goal and
• 1:10:30
  creating a long lasting connections.
• 1:10:34
  Love it, John. I'm I'm, I'm gonna I'm put into
• 1:10:36
  a little curveball. We were laughing about this
• 1:10:38
  earlier in the show. And then I'll let Nico talk
• 1:10:40
  about his experience at Naples. But can you guys turn South
• 1:10:44
  Florida into a Bitcoin area with the huge influx of shit cornery
• 1:10:49
  from Miami? Yeah, so that's why we love
• 1:10:56
  Alligator Alley. It keeps Miami over there, you
• 1:11:00
  know? It's why I will fight against
• 1:11:02
  the bright line with everything I have.
• 1:11:04
  You know, Miami is going to remain the crypto capital.
• 1:11:06
  We're on the the Gulf Coast and you know, we, we, we keep a
• 1:11:10
  Bitcoin over here. And John's done a great job with
• 1:11:13
  Bitcoin Day, you know, for the past couple years.
• 1:11:15
  Make making that happen. Let's go.
• 1:11:18
  OK, John, I'm going to pass you that.
• 1:11:20
  Same question. Sorry guys, Nico had to run.
• 1:11:22
  He's we got a meeting right now, so we won't get Nico's
• 1:11:25
  experience, but we can get a second hand from John and
• 1:11:27
  Wesley. John, same question, Can you
• 1:11:30
  turn South Florida into a Bitcoin location or will you
• 1:11:35
  guys get overshadowed by Miami shit Coinery?
• 1:11:39
  Well, I mean, all shit coins go to zero against Bitcoin, so, so
• 1:11:48
  it doesn't really matter. I don't think that's a goal that
• 1:11:50
  we have to strive for. I think as long as, as long as
• 1:11:53
  we keep promoting Bitcoin and, and you know that, that those
• 1:11:58
  Miami ship corners will just kind of slowly convert over to
• 1:12:02
  Bitcoiners and they'll be part of our group.
• 1:12:05
  A lot of them already are part of our group.
• 1:12:06
  You know, I, I, the, all the ship coiners that I know are
• 1:12:14
  actually Bitcoiners first. And so I'm, there's quite a few
• 1:12:19
  of them out there. There must be a lot of them out
• 1:12:21
  there that aren't. And maybe I just know the right
• 1:12:23
  ones, but all the, all the people that I know that are
• 1:12:26
  involved in other cryptocurrencies are Bitcoiners
• 1:12:29
  first. And so they understand that
• 1:12:31
  Bitcoin is the is the base layer and that it's the, the Internet
• 1:12:36
  of money. And they understand that they're
• 1:12:40
  there are other coins are not going to be the that that, that,
• 1:12:46
  that those other coins have other use cases.
• 1:12:48
  And so, yeah, I don't think we'll have any trouble.
• 1:12:53
  I don't think we need to worry about that.
• 1:12:55
  That's just noise. Love it, love it.
• 1:12:57
  OK, before I pivot over to Wesley about Bitcoin day in
• 1:13:02
  Tampa, John, for the audio listeners out there, let's just
• 1:13:06
  plug the day and well, we can kind of pivot the conversation,
• 1:13:10
  maybe talk a little circular economy with Wesley.
• 1:13:13
  So just plug it for the audience here on the audio recording.
• 1:13:17
  What days are they? You know what, maybe some side
• 1:13:20
  events, ticket prices, etcetera. And then we'll get Wesley a
• 1:13:23
  little platform to talk about Tampa and what they're doing
• 1:13:26
  down there. Yeah.
• 1:13:28
  So Bitcoin Day Naples is January 18th, that's coming up in 12
• 1:13:32
  days. Ticket prices increase in about
• 1:13:36
  7 days. So you want to get your tickets
• 1:13:38
  quickly. And we have, we have some great
• 1:13:45
  sponsors, some great speakers, Larry Lapard, Bob Burnett,
• 1:13:48
  Charlie Shrim and lots of others.
• 1:13:51
  It's it's I've lost my train of thought.
• 1:13:58
  OK, Bitcoin day, Naples. Yes.
• 1:14:02
  January 18th. Oh, side events, thank you side
• 1:14:05
  events. We it's a Saturday only event.
• 1:14:11
  Lots of people come in Friday and there's kind of maybe we, we
• 1:14:14
  actually host a, a, a small event for the speakers and
• 1:14:19
  sponsors on Friday night. And then Saturday all day will
• 1:14:24
  start early in the morning and go until about four or five in
• 1:14:28
  the afternoon. And then we'll have a designated
• 1:14:32
  after party location. So it'll be a nice trendy
• 1:14:35
  restaurant that's walking distance from the conference
• 1:14:38
  location. And so we'll send everybody over
• 1:14:42
  that to to that restaurant. And last year we had about 50
• 1:14:45
  people or 60 people show up at the at the after party who had a
• 1:14:49
  great time. This year, I hope we'll get
• 1:14:52
  more. We plan to have about 100 a 150
• 1:14:56
  plus at the event all day on Saturday.
• 1:15:00
  So Naples Bitcoin day, Naples, January 18th.
• 1:15:04
  Tickets are on sale now. Bitcoin Day dot.
• 1:15:07
  IO. And that's it.
• 1:15:11
  Let's go. Love it, John.
• 1:15:12
  Appreciate it. All right, passing it over to
• 1:15:14
  you, Wesley. You know, we have a Bitcoin day
• 1:15:17
  in Tampa, but maybe you want to, for the new listeners out there,
• 1:15:21
  talk about Bitcoin Bay in general.
• 1:15:25
  Yeah, So Bitcoin Bay is the first Bitcoin only meet up to
• 1:15:29
  incorporate as a 5O1C3. So we are a registered charity
• 1:15:33
  in the state of Florida, tax exempt as well.
• 1:15:36
  So everything you do with us is considered a donation.
• 1:15:40
  We help coordinate a Bitcoin circular economy in the Tampa
• 1:15:43
  Bay area. So that's Tampa Saint Pete.
• 1:15:46
  We get down to Sarasota. We got chapters in all three
• 1:15:48
  cities. We meet we meet every week in
• 1:15:51
  person, typically on Thursdays. And our next one is going to be
• 1:15:56
  how to live on Bitcoin this Thursday.
• 1:16:00
  It's it's been a community, community organized event
• 1:16:03
  project the whole time. So it's, you know, really been,
• 1:16:09
  you know, it, it's been a volunteer run organization and
• 1:16:11
  we've been doing this for about 3 years now.
• 1:16:15
  It's just been a great chapter, you know, in our life here.
• 1:16:18
  And it's great to see the economy, you know, growing here.
• 1:16:24
  We've got businesses that take Bitcoin from HVAC, plumbing,
• 1:16:27
  electrical, jeweler, nutritionist, personal trainer,
• 1:16:33
  estate planner, you know, so our goal is my goal personally,
• 1:16:37
  selfishly is I want to be able to live on Bitcoin.
• 1:16:38
  I'm sick if I'm just sell my Bitcoin to pay for things.
• 1:16:40
  I just want to be able to transact with peer-to-peer
• 1:16:44
  electronic cash. I don't want to have to jump all
• 1:16:46
  those hoops and play credit games.
• 1:16:49
  The only reason I'm doing those games is because, you know, it
• 1:16:52
  protects my coin. But if I could just if I could
• 1:16:54
  just spend the Bitcoin, it would be so much easier because I
• 1:16:56
  wouldn't have to worry about all of this crap.
• 1:17:00
  So that's the goal is to, you know, create a Bitcoin circular
• 1:17:02
  kind of type Bay Area. We host a bunch of events and we
• 1:17:05
  partnered with Bitcoin Day and John to bring Bitcoin Day Tampa
• 1:17:10
  on June 14th. And we're bundling that with our
• 1:17:16
  annual charity gala, the Sound Money Soiree.
• 1:17:19
  So that'll be the official after party for the Bitcoin Day Tampa
• 1:17:24
  event. So we're going to be doing those
• 1:17:26
  both on the same day. And we had our first one this
• 1:17:31
  year or last year now in February.
• 1:17:34
  And that was a, you know, great success.
• 1:17:36
  It was a lot of fun. And then for those who are
• 1:17:39
  coming down for Naples, you can stay a week and come up to Tampa
• 1:17:45
  for our Gasparilla float. So we are building the first
• 1:17:51
  world's first Bitcoin pirate parade float for the Tampa Bay
• 1:17:54
  Gasparilla Parade on the 25th. So we have a float for that and
• 1:17:58
  we have a tent right along the route.
• 1:17:59
  So we'll have a front row, front row view to see it.
• 1:18:03
  Really excited for that. You know, if we're another world
• 1:18:06
  first as far as we know. So if people want to learn more
• 1:18:10
  about that, you can find that on our website at Bitcoin Bay dot
• 1:18:12
  Foundation. Let's go.
• 1:18:14
  Were you? Were you Wesley?
• 1:18:16
  Were you at Miami Bitcoin 2023 Miami?
• 1:18:21
  Go. The conference, yeah.
• 1:18:23
  OK, so you I know you guys, you guys stole the award from the
• 1:18:28
  different you guys got. Beef.
• 1:18:30
  Yeah, right. That was whack.
• 1:18:32
  You guys used the technicality to steal that award from us.
• 1:18:35
  Not. If.
• 1:18:37
  They knew we donated half of it to the other grassroots meetups.
• 1:18:41
  Oh, if I knew you were coming on the show, I don't think I would
• 1:18:43
  have let you come on the show. So that wasn't cool dude.
• 1:18:48
  We beat you guys fair and square got beef on the show.
• 1:18:52
  That's we beat you guys fair and square.
• 1:18:54
  That was not cool. So anyhow, yes, bit Bitcoin day
• 1:18:59
  great conference had a great time in Naples love John and
• 1:19:04
  Jack. I think they they make an
• 1:19:05
  incredible team just putting together, you know, all these
• 1:19:08
  high profile people and they just make they just make a
• 1:19:13
  great, you know, a great team and I'm super glad to see that
• 1:19:17
  they're succeeding and they're expanding to different places in
• 1:19:22
  in South Florida. So that's awesome.
• 1:19:23
  The Bitcoin day in Miami was incredible.
• 1:19:26
  I'm sure the one in in in Tampa is going to be great too, even
• 1:19:29
  though Miami is way better than Tampa and and Naples is three O
• 1:19:34
  5 till I die and Naples is is is great as well and I'll be at the
• 1:19:39
  Naples 1. So I hope to, I won't be at the
• 1:19:41
  Tampa one, but I hope to see you guys in in Naples and it's
• 1:19:46
  coming up. So you want to get your tickets
• 1:19:47
  quickly. So it's it's January, what day
• 1:19:52
  is it? 18th 18th It's a week away.
• 1:19:54
  January 18th, so it's going to be a great time.
• 1:19:57
  I have to drive across Alligator Alley, which is always fun in
• 1:20:00
  the Tesla. Super fast, quick quick zoom
• 1:20:02
  zoom. But anyways, guys, if you guys
• 1:20:05
  enjoyed today's episode of simply Bitcoin live for January
• 1:20:08
  6, 2024, almost 4000 live viewers, which is absolutely
• 1:20:13
  gnarly make sure to smoke. We hit 400 likes.
• 1:20:16
  Opti That's awesome. So make sure to like the
• 1:20:20
  episode, share the episode, wait.
• 1:20:23
  Wait, wait, let me go before we wrap up.
• 1:20:24
  Before we wrap up, let's give, let's give John and Wesley one
• 1:20:28
  last TLDR. We usually do this. What's the last message you want
• 1:20:31
  to leave with the audience? I'll start with let's start with
• 1:20:34
  Wesley. What's the last message you want
• 1:20:35
  to leave? And I'll pass it over to John as
• 1:20:37
  well. And then we'll wrap up today's
• 1:20:38
  show. Go to your local meet up and
• 1:20:43
  spend your Bitcoin. Buy and replace.
• 1:20:45
  Love it, love it. OK.
• 1:20:46
  You can buy Bitcoin. Love it.
• 1:20:48
  All right, John, you as well. What's the final message you
• 1:20:51
  want to leave with the audience? I want to say that I want to
• 1:20:54
  offer everyone listening and everyone in your audience a $50
• 1:20:59
  discount, so $50 off your Bitcoin day Naples tickets use
• 1:21:04
  promo code simply. Let's go to check.
• 1:21:08
  Out all right at Bitcoin. Free is sneaking in a free
• 1:21:11
  affiliate. Let's go, let's go.
• 1:21:17
  What? Again, as free affiliate.
• 1:21:19
  John, I see. You.
• 1:21:21
  I see you, everybody. Wrap it up.
• 1:21:23
  Yeah, love you guys. Today was January 6/20/24.
• 1:21:27
  This was Simply Bitcoin Live, your host for today's Optimus
• 1:21:30
  Fields. He's going to be stepping into
• 1:21:32
  the host seat more often moving forward.
• 1:21:34
  Of course, I'm your coast for today, Nico and our guest John
• 1:21:38
  and Wesley. Love you all.
• 1:21:39
  We'll see you tomorrow for brand new episode of Simply Bitcoin
• 1:21:43
  Live. Today's episode was brought to
• 1:21:46
  you by bitcoinwell.com, a Bitcoin only platform on a
• 1:21:49
  mission to enable financial independence.