Latest / Simply Bitcoin / Michael Saylor Sends HUGE BITCOIN WARNING At The Middle East!! | EP 1244

Transcript

Michael Saylor Sends HUGE BITCOIN WARNING At The Middle East!! | EP 1244 · Simply Bitcoin

• 0:00
  A massive multi trillion dollar bank has just been exposed for
• 0:05
  buying $217 million worth of micro strategy.
• 0:11
  But this huge entity is not the only massive entity quietly
• 0:16
  buying micro strategy today. Let's not forget we've got the
• 0:20
  central banks of Switzerland, Norway, and even the multi
• 0:24
  trillion dollar Korean pension fund quietly buying micro
• 0:28
  strategy to get exposure to Bitcoin.
• 0:31
  Now, does all of this quiet accumulation of MicroStrategy
• 0:36
  have to do with the massive warning that Michael Saylor just
• 0:41
  sent directly at the Middle Eastern sovereign wealth funds?
• 0:46
  Well, I think it does. And today, opting myself and the
• 0:49
  great, the greatest crew here on Bitcoin, we're going to be
• 0:53
  breaking down Michael Saylor's warning towards the Middle East
• 0:57
  and why these sovereign wealth and governments are using micro
• 1:01
  strategy to buy Bitcoin. Let's play that clip of Michael
• 1:05
  Saylor's very stern words and warnings that he pointed towards
• 1:10
  the Middle East. It's loading my bad guys.
• 1:22
  Let me get this going. This suspense fund.
• 1:26
  The path of legitimacy. So tell me, if you're a
• 1:29
  sovereign wealth fund, Saudi Arabia, the United Emirates,
• 1:32
  Kuwait, how would you be diversifying that portfolio?
• 1:36
  How much Bitcoin would you own? All of it.
• 1:40
  Look, I, to tell you the truth, I always want, I think it's kind
• 1:44
  of an IQ test. It's like if you had a billion
• 1:46
  dollars and you wanted to double it, you would buy the billion
• 1:49
  dollars of Bitcoin and put out a press release.
• 1:51
  But if you wanted to make a trillion dollars, you would try
• 1:53
  to buy as much as my company has right now.
• 1:56
  You go buy 5, $50 billion worth of Bitcoin and just keep buying
• 2:01
  and it'll be a trillion dollars to you.
• 2:03
  So you ought to buy as much as you want money, right?
• 2:08
  I think that my forecast for Bitcoin is it goes up 29% a year
• 2:13
  compounded for 21 years, which is going to be 3-4 times better
• 2:19
  than the next best thing. So yeah, I could tell you, you
• 2:23
  have put 5% of your portfolio in it, but smarter would be to put
• 2:27
  150% of your portfolio in it. If you wanted ten extra money,
• 2:30
  you buy Bitcoin. If you want 100 extra money, you
• 2:33
  buy Bitcoin with somebody else's money.
• 2:34
  And if you want 1000 extra money, use somebody else's
• 2:38
  money, buy Bitcoin and you lever it, right.
• 2:41
  The simplest thing going is borrow money at 345 percent,
• 2:44
  invested it 30 to 60%, keep the difference.
• 2:49
  My company went from a $600 million enterprise value to $108
• 2:53
  billion enterprise value in 4 1/2 years.
• 2:56
  And we just did that formula. We're just levering it.
• 3:00
  So I think as much as you can get is the right answer.
• 3:06
  I think the only problem with this warning by Michael Saylor
• 3:10
  Opti is the fact that not every sovereign wealth fund get as
• 3:15
  much Bitcoin as they can get. Because again, today we've only
• 3:18
  got 2 and a half million coins sitting on exchanges.
• 3:22
  We got Michael Saylor openly announcing he wants to raise
• 3:26
  another $84 billion of capital to buy more Bitcoin.
• 3:29
  Quick maths at the time of recording bitcoins at about
• 3:31
  $100,000 a coin, $84 billion worth of demand would represent
• 3:35
  what another 800 odd 1000 coins. Going to micro strategy and what
• 3:42
  I think is really interesting. I want your thoughts on this,
• 3:44
  Opti. Michael Saylor pointed out the
• 3:47
  Middle Eastern sovereign wealth funds.
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  We know that the Middle Eastern sovereign wealth funds are all
• 3:53
  sitting on around $500 billion. The Abu Dhabi Investment
• 3:56
  Authority, they've got about $500 billion.
• 3:59
  The Qatar sovereign wealth fund that has about $450 billion
• 4:04
  worth of money in it. So I'd be really interested
• 4:07
  guys, what do you think about why we're seeing all of this
• 4:10
  demand for micro strategy by these central banks around the
• 4:14
  world? Is this kind of their way to
• 4:16
  quietly get Bitcoin exposure while not actually openly and
• 4:20
  publicly adopting Bitcoin as a, you know, treasury reserve asset
• 4:24
  like is happening in America? Yeah, dude, Luke, I would fully
• 4:29
  say that this is the case going on right now.
• 4:31
  We got to remember we are still a little actually let me let me
• 4:34
  introduce our guest before we. We have DJ Valerie here.
• 4:37
  I'm sure you guys are familiar with her and Bob McDonnell and
• 4:41
  they just can't. Well, DJ Valerie just came back
• 4:43
  from El Salvador and we got some really cool story coming out of
• 4:46
  El Salvador. So thank you guys for showing
• 4:48
  up. And then on the question, Luke.
• 4:50
  Yeah. From my perspective, I would say
• 4:54
  that what we're seeing right now is essentially a lot of people
• 4:58
  probably still feel, I don't know, concerned about Vic
• 5:02
  Bitcoin being a legitimate asset.
• 5:04
  We are seeing a lot of new trends come out here.
• 5:07
  You know, we're seeing some of the biggest banks start to
• 5:10
  embrace Bitcoin better or worse. That's kind of where we are
• 5:13
  right now. We're seeing nation state FOMO
• 5:15
  embrace Bitcoin. We're seeing sovereign wealth
• 5:16
  funds embrace Bitcoin. And I think it's two factors.
• 5:19
  One, I think Bitcoin still kind of has this stench on it that
• 5:22
  it's not a legitimate asset yet. You know, people don't realize
• 5:26
  that it's growing up, it's not mature.
• 5:28
  And then 2, they probably have a lot of wealth in the traditional
• 5:31
  financial system and it's still pretty difficult to get that
• 5:34
  wealth into Bitcoin. So the next best thing is either
• 5:38
  the ETFs or you know, Michael Saylor's MicroStrategy.
• 5:42
  And when you kind of look at what Sailor's doing with the
• 5:45
  strategy Bitcoin playbook, as he said himself, it's a leverage
• 5:50
  play on that Bitcoin. So it's obviously seemingly
• 5:53
  going to get more outside returns than just holding the
• 5:55
  spot Bitcoin ETF. We've all been seeing what's
• 5:58
  going on with strategy for some reason.
• 6:00
  You know, everyone's scratching their head like what's going on
• 6:02
  here? Bitcoin goes up what, 50%?
• 6:05
  And Sailor stock goes up X more percent than that.
• 6:08
  And everyone's wondering like, what is going on?
• 6:10
  As Sailor, he said himself, this is a leverage play on Bitcoin.
• 6:15
  And he's just locking in on trying to get as much cheap debt
• 6:19
  as possible to buy as much Bitcoin as possible.
• 6:21
  And I think people are waking up to this.
• 6:23
  So those would be my my kind of takes on this.
• 6:26
  But I don't know, Luke. Am I?
• 6:27
  Am I confirming my own bias here?
• 6:31
  I don't know. I think it's really interesting
• 6:32
  that he singles out the Middle Eastern sovereign wealth funds
• 6:35
  and he specifically mentions $500 billion worth of Bitcoin.
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  I think there's a little bit of maybe the signal in what he's
• 6:42
  saying there. Maybe he's aware of the fact
• 6:44
  that these Middle Eastern sovereign wealth funds are some
• 6:47
  of the biggest in the world. I mean, I think at the end of
• 6:49
  the day, though, we're all kind of confirming our biases here.
• 6:52
  We're all very, very bullish and optimistic on the future that
• 6:56
  Bitcoin is going to bring. And I think the fact that now
• 7:00
  Michael Sale is directly talking to the biggest sovereign wealth
• 7:04
  funds in the world in the Middle East and urging them and telling
• 7:07
  them, look, you need to buy as much Bitcoin as you can.
• 7:10
  I think we're beginning to see some science develop that maybe
• 7:13
  there's a bit of a scramble going on for Bitcoin behind
• 7:17
  closed doors. We've been screaming about the
• 7:20
  Bitcoin on exchanges decreasing over the past five years.
• 7:23
  Again, about 1,000,000 coins have left the exchanges since
• 7:27
  2020. That's about 30 to 35% of all
• 7:30
  the Bitcoin that was on exchanges in 2020.
• 7:32
  And at the same time, the OTC supply of Bitcoin has also
• 7:37
  decreased by about 80% since 2022.
• 7:41
  This is the over the counter exchanges.
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  A lot of people speculate, a lot of people with, you know, a lot
• 7:47
  more intelligence than myself say that this is how the big
• 7:50
  boys are accumulating. They're buying Bitcoin over the
• 7:53
  counter, you know, secret, you know, closed door kind of buys,
• 7:56
  so to say, because again, some people say this impacts the
• 7:59
  price less. I don't have the technical chops
• 8:02
  to be able to verify whether that's true or not.
• 8:04
  But I do think it's interesting that 80% of the supply on OTC
• 8:08
  desks has gone over the past 2 1/2 years and 30 to 35% of the
• 8:12
  supply on exchanges has decreased.
• 8:14
  Again. There is a lot of public buys of
• 8:16
  Bitcoin going on with Michael Saylor.
• 8:18
  America has announced their intentions to buy it.
• 8:21
  But who is responsible for the million plus coins that have
• 8:24
  left the exchanges over the past two to three to four years?
• 8:27
  Is it other sovereign nations quietly accumulating?
• 8:31
  Again, it's just a question, but I do find it interesting that
• 8:34
  some of the largest sovereign wealth funds around the world
• 8:36
  are being exposed for buying MicroStrategy.
• 8:40
  So again, if they're publicly buying or publicly mining
• 8:43
  Bitcoin, they can keep that a secret.
• 8:46
  But buying MicroStrategy as a central bank or sovereign wealth
• 8:49
  fund, every quarter you actually have to update your quarterly
• 8:53
  filings with the SEC. This is how we're finding out
• 8:57
  that not just the central banks of Switzerland, Norway, and even
• 9:02
  pension funds in Korea, but also massive banks like Goldman Sachs
• 9:08
  and Deutsche Bank, the $1 trillion giant we're talking
• 9:11
  about today, these entities are buying micro strategy.
• 9:15
  So again, I think this is some pretty big signal that the big
• 9:18
  boys, the big banks, the big institutions, the big pension
• 9:21
  funds, the central banks, they're all buying Bitcoin.
• 9:24
  I think it's really interesting to see this develop alongside
• 9:27
  the supply suffocation that we are seeing with Bitcoin just
• 9:31
  consistently leaving the exchanges.
• 9:34
  Yeah, totally. And actually, I want to add 1
• 9:35
  little wrinkle before we pass it on to our guests because I don't
• 9:39
  know if you guys saw yesterday, but Trump did a huge conference
• 9:42
  with, you know, the Prince of Saudi Arabia.
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  And some of the big news that came out yesterday was that
• 9:48
  he's, you know, the Prince or Saudi Arabia, they're going to
• 9:51
  invest a trillion dollars into the American economy.
• 9:55
  Now wondering and speculating where that money is going to go.
• 9:59
  I think that it's a pretty easy bet to say that some of that
• 10:03
  stuff is going to go into Bitcoin.
• 10:05
  We've been seeing them talk about, you know, Bitcoin.
• 10:07
  We know Trump's really pro Bitcoin, or you could argue pro
• 10:10
  crypto, but a trillion dollars coming from the Middle East into
• 10:15
  the US. There's a new trade alliance.
• 10:17
  I would venture that there's a lot more capital that's going to
• 10:20
  flow into Bitcoin than we can even imagine right now.
• 10:22
  It does feel like the floodgates are being opened up.
• 10:26
  And of course, we're just seeing some rumors and speculations and
• 10:29
  and some grumpy of what might happen.
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  But I think it's very safe to say that the, you know, the
• 10:35
  really high net worth individuals in the Middle East
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  are also looking at Bitcoin as what we know it to be in a
• 10:41
  political neutral money in the face of all the trade war stuff
• 10:44
  we've seen in the last couple of weeks.
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  I think it's very, very safe to say that they're looking at
• 10:50
  Bitcoin very seriously. Now we have the biggest banks in
• 10:52
  the world, some of the richest people in the world, sovereign
• 10:54
  wealth funds, institutions, nation states, They all have to
• 10:58
  take Bitcoin seriously. And I, I would venture that some
• 11:01
  of this, you know, trade agreement that we saw come out
• 11:04
  from this Trump press conference in Saudi Arabia, it's going to
• 11:08
  go into Bitcoin. We'll get the details later.
• 11:10
  But I'm, I'm pretty convinced that this is going to happen.
• 11:12
  Anyways, without letting our guests sit around too much, I'll
• 11:16
  introduce ADJ. Valerie, Valerie, what's your
• 11:19
  thoughts on this and how you doing today?
• 11:23
  Oh, my God, Thanks, Opti. Thanks, Luke, and thanks Simply
• 11:26
  Bitcoin for having us on the show.
• 11:28
  You know, hopefully my thoughts are, you know, as much as I want
• 11:31
  to see everybody adopt Bitcoin, I also want them, you know, to
• 11:35
  start using it as a medium of exchange because that's what
• 11:37
  we're going to need. And, you know, I was just in El
• 11:39
  Salvador. Bob's going to be coming up in a
• 11:40
  second. Who's the founder of the House
• 11:42
  of Life? It is so important that we
• 11:46
  continue to remember why Bitcoin was created.
• 11:49
  It's a peer-to-peer decentralized money exchange
• 11:53
  system, right, where everybody can opt in and have an
• 11:55
  opportunity to get out of financial slavery and poverty.
• 12:00
  And you know, I think I'm so grateful because obviously when
• 12:03
  number goes up, people can start using it as a medium of
• 12:06
  exchange. But what's blocking medium of
• 12:08
  exchange right now in many of the countries, certainly in the
• 12:11
  United States, is capital gains taxes that are on Bitcoin.
• 12:14
  And so, you know, I think we've got stages of adoption as we we
• 12:19
  keep moving forward. So God bless Michael Saylor for,
• 12:22
  you know, all the work he's doing.
• 12:24
  I'm grateful that, you know, our president right now is out
• 12:26
  there, you know, shucking and jiving and trying to stop the
• 12:29
  wars and get Bitcoin, you know, not crypto.
• 12:32
  OK, We I'm not a crypto person, of course, but I'm really
• 12:36
  grateful to see what's going on right now.
• 12:38
  And you know, I feel like we're at this like just beginning of
• 12:42
  the tidal wave, you know, of what's going to be happening for
• 12:45
  an adoption. What's going to be happening for
• 12:47
  how are people escaping authoritarian regimes?
• 12:50
  How are people building their new lives?
• 12:51
  How are people, you know, building for their future?
• 12:54
  You know, so this is what we're going to talk about with Bob and
• 12:56
  IA little bit, You know, what's happening down in El Salvador
• 12:59
  with orphans and kids who've been human trafficked, abused,
• 13:02
  abandoned. How are they saving in Bitcoin?
• 13:04
  How are we helping Bitcoin cross borders so that nonprofits like
• 13:08
  there's orphanages in Uganda and all over the place.
• 13:12
  And so how is Bitcoin creating not only number go up, but peace
• 13:17
  go up, love go up and freedom go up.
• 13:20
  Those are so important. And I think Bitcoin is a network
• 13:22
  of love and I think each one of us are nodes on this network of
• 13:25
  love. And I'm grateful that we've got
• 13:27
  these, you know, high-powered people who are, you know, waking
• 13:30
  up the Trad 5 folks into why Bitcoin is something that's so
• 13:34
  important to have it separated from state.
• 13:36
  So we want to have money separated from state in every
• 13:40
  state because we never know who's going to be in office,
• 13:43
  who's going to be in power, and how are people going to be
• 13:45
  shutting down our bank accounts, blocking us from having the
• 13:48
  opportunity to buy milk for our children, like what happened
• 13:51
  during the trucker protests. And so Bitcoin is a tool for
• 13:54
  freedom. It's a tool for peace.
• 13:55
  It's a tool for love. And I'm so glad that we've got
• 13:58
  all of these. I always look at like the whole
• 14:01
  world as like, remember the light brights when you were a
• 14:04
  kid and you would put all these different colors in the light
• 14:06
  and you'd make a picture like each one of us are like these
• 14:08
  little cool light brights, right?
• 14:10
  And so that's what the network is.
• 14:13
  These are nodes. We are all individual nodes
• 14:16
  connected through our hearts and allowing technology to connect
• 14:19
  us. And Satoshi, God bless you,
• 14:21
  Satoshi, for bringing us together.
• 14:22
  And I always think about like Satoshi, do you even understand
• 14:26
  or did you even anticipate that you would be connecting all
• 14:29
  these hearts, minds and spirits and people's missions and
• 14:31
  creating this massive tidal wave of change with this beautiful
• 14:35
  creation, invention, revelation, right.
• 14:38
  And so the, the human aspect of what Bitcoin is doing around the
• 14:42
  world, obviously, you know, I wouldn't get to know Luke and
• 14:45
  Opti and, and Bob if it weren't for Satoshi and if it weren't
• 14:48
  for this grand creation. And so, you know, we used to
• 14:51
  think as money, as, you know, the, the, the love of money is
• 14:53
  the root of evil. You know, it's no, it's not.
• 14:56
  Everybody has to have money. Everybody uses energy so that we
• 14:58
  can have a medium of exchange to to, you know, share our goods
• 15:02
  and services with each other. And Bitcoin is the only sound
• 15:04
  money that's ever been created. And so nothing is second.
• 15:08
  And so there is only Bitcoin that can help create a peaceful,
• 15:12
  prosperous and fair and free world for all people.
• 15:15
  So I'm super excited. I'm super excited to see all
• 15:17
  these bigwigs out there and really starting to get it, you
• 15:22
  know, and I think, you know, instead of people, because a lot
• 15:24
  of people are like, Oh my God, self custody, you know, what
• 15:26
  does that mean? They're stages of entering the
• 15:29
  Bitcoin journey, you know, So if that means you're buying
• 15:33
  MicroStrategy and like, yeah, I'm exposed, great.
• 15:36
  Let's start figuring out how you can start actually getting
• 15:38
  Bitcoin, huddling it. How are you self custody in it?
• 15:41
  So I think what's super important, what we've done down
• 15:44
  in El Salvador just in the last week, Miss El Salvador, you
• 15:49
  know, Alejandra raised over $15,000 just with a few social
• 15:52
  media posts and Bitcoin to help the House of life.
• 15:54
  We've got, you know, 10 babies and eight girls who are, you
• 15:58
  know, between the ages of 12 and 17 who have been pregnant,
• 16:01
  abused, raped and human trafficked.
• 16:04
  And so Bitcoin is creating an opportunity for these beautiful
• 16:08
  women to, you know, grow into thriving members of society.
• 16:13
  I'm a consultant and a business person.
• 16:16
  I know you guys just know me as DJ Val, but I've run two
• 16:18
  different multi $1,000,000 hedge funds in real estate stuff,
• 16:22
  worked at Deloitte too. So I have a lot of finance
• 16:24
  background, but it's more fun than you know me as DJ Val and
• 16:28
  the podcaster. But but what's really cool is
• 16:33
  analyzing what's going down on, you know, with the House of Life
• 16:36
  and how are we helping people escape domestic violence, human
• 16:38
  trafficking, etcetera. 4 stages. OK, This is how I kind of broke
• 16:42
  it down. 1 is awareness and, you know, helping people escape, you
• 16:48
  know, getting them rescued, right?
• 16:49
  That's what Brian Mata is doing with his documentaries,
• 16:53
  Operation Amber Alert, etcetera. And we've got tons of people.
• 16:55
  They're over. There's over 350,000 missing
• 16:58
  kids at our border just alone. There are millions of children
• 17:01
  who are being trafficked, abused, raped and tortured all
• 17:04
  over the world. If we as Bitcoiners are not
• 17:07
  standing up and using our time, treasure and talent to help
• 17:10
  these children, what the hell are we doing?
• 17:14
  What are we doing? OK.
• 17:15
  And so this is what's so cool. So stage one, we need to rescue
• 17:18
  Stage 2, Rehabilitate them. That's what Bob's doing down at
• 17:22
  the House of Life in mikasakids.org.
• 17:24
  So he's been rescuing these kids for the last 30 years.
• 17:26
  Now he's rescuing the pregnant kids.
• 17:28
  And so stage 3, how are we going to train them in, you know, the
• 17:32
  future of their life so that they can be, you know, self
• 17:36
  sovereign with their money? We have to teach them about
• 17:38
  Bitcoin. How are they going to use AI?
• 17:40
  How are they going to use marketing?
• 17:41
  How are they going to be salespeople?
• 17:42
  How are they product developers? How are they going to be able to
• 17:45
  make a living without having to go into the sex trafficking
• 17:47
  trade or go and only have the skill set of making pupusas on
• 17:51
  the side of the road while their babies are at home.
• 17:53
  So that's stage 3. Stage 4 is where the heck are
• 17:56
  they these girls going to live? Where are the people going to
• 17:58
  live? The number one thing, Julie and
• 18:00
  I from bold Bitcoin, we did this vision board workshop with the
• 18:03
  kids. They all of these girls, their
• 18:07
  number one dream was to have a home of their own because the
• 18:10
  homes that they came from are violent and scary.
• 18:13
  And now the home that they have, which is a family that Bob's
• 18:15
  created and we'll bring Bob up on the stage just a minute, are
• 18:21
  like, home is so important for a woman.
• 18:23
  I'm a mom. Soon as you get pregnant,
• 18:25
  something happens with all your hormones.
• 18:26
  All of a sudden you're like, oh man, I got to put some feathers
• 18:29
  in the nest and I got to make a place for my baby.
• 18:31
  I want to be safe, right? And so when kids, you know, when
• 18:34
  these beautiful girls feel safe, they don't want to give their
• 18:37
  kids up for adoption. They don't want to commit
• 18:38
  suicide. And then so once they kind of
• 18:41
  graduate out of Bob's, you know, stage 2, where do they go?
• 18:44
  So we've got places like Murph's life.
• 18:46
  We've got places like Club Coco, we've got places like Bitcoin
• 18:49
  Mansion and Julian and Will, all of these folks are developing
• 18:53
  Bitcoin communities in El Salvador.
• 18:55
  And we want to create an open source playbook for how are we
• 18:57
  helping these folks out of violence, human trafficking,
• 19:01
  being raped, etcetera, and then not being defined by their past,
• 19:04
  but allowing themselves to dream for the future.
• 19:06
  And so Bitcoiners literally in the last, you know, month and a
• 19:10
  half, my whole life has changed because of this project and God.
• 19:13
  And the last week, 10 days, we have gotten dozens of new
• 19:17
  Bitcoiners on board who are volunteering their time,
• 19:20
  treasure and talent. And so we got house donated at a
• 19:23
  fundraiser that we did last week.
• 19:25
  So I'd love to bring Bob up and talk about that, if that's OK
• 19:27
  guys, and talk about the fundraiser.
• 19:29
  Bob. So this is Bob McDonald.
• 19:31
  He's been, you know, helping children have a safe place.
• 19:35
  Bob is someone who I think is literally is an Angel that walks
• 19:39
  on earth when he walks into the House of life, when he's into
• 19:41
  the Mucasa kids for the the boys and the girls who aren't, you
• 19:44
  know, pregnant, he kisses each one of them on the forehead and
• 19:50
  he says hello, daughter, hello son.
• 19:52
  And he kisses their babies. These children now feel like
• 19:56
  they have a father figure and they feel safe.
• 19:58
  And Bob is, he's an Angel, so. Yeah.
• 20:03
  Thank you so much for coming on, Bob.
• 20:04
  Let's do, could you just do a quick one or two-minute pitch of
• 20:08
  what Houses House, House of Life is?
• 20:10
  And then in the back end of the show, we will cover all the
• 20:13
  details and we'll go back into what DJ Valerie was saying.
• 20:16
  So welcome to the show, Bob. Thank you.
• 20:19
  Thank you so much, Valerie. Thank you guys so much for
• 20:21
  having us. The House of life basically is,
• 20:24
  is saving babies before they're damaged, before they're thrown
• 20:28
  into gutters by desperate mothers with no support, no
• 20:32
  place to go, before they take their lives, before they take
• 20:36
  the lives of their babies. They, they win the lottery.
• 20:40
  They win. They come into a place where
• 20:44
  they're supported. They're coming into a place
• 20:46
  where they're safe within. We use a, you know, a lot of
• 20:49
  different psychological tests. When the girls come in, they're
• 20:52
  cutting themselves. They're suicidal within just a
• 20:55
  few days, you can see it in their faces.
• 20:57
  They relax. Within a month, the levels of
• 21:00
  depression are down by 50% and it's a pretty incredible.
• 21:03
  But within two months, a lot of the girls are at 0 as far as
• 21:07
  depression levels go. They start dreaming about their
• 21:09
  babies instead of wanting to throw their babies into a gutter
• 21:13
  or give their babies up for adoption.
• 21:15
  Once they feel safe and protected.
• 21:18
  It's like the gods programmed Mama bear instinct takes over
• 21:23
  and these are girls that have been raped.
• 21:24
  These are girls that the babies are from their own fathers or
• 21:28
  grandfathers or cousins through incest.
• 21:30
  They all of a sudden want to be Mamas and they start thinking,
• 21:33
  how am I going to make? How am I going to care for
• 21:35
  myself and my baby? That's the big question.
• 21:38
  And that's where the Bitcoiners have like, it's exploded down
• 21:42
  here with Bitcoin. It's the best thing that's ever
• 21:45
  happened to El Salvador. Is the Bitcoin revolution down
• 21:48
  here? Absolutely incredible.
• 21:50
  Well, I'm super excited to talk about that later on in the
• 21:52
  culture. But before we go on guys, you
• 21:55
  already know the deal. Smash the like button, hit the
• 21:57
  subscribe and of course comment on this show and we got a lot to
• 22:02
  talk about. We got the Dave Ramsey show
• 22:04
  flipped on Bitcoin. We have some interesting news
• 22:07
  coming out of the SEC in self custody and of course we're
• 22:10
  going to be talking about House of Life later on in the show.
• 22:13
  But before we move on, we want to give a big shout out to our
• 22:16
  boys over at the Bitcoin. Well, go to
• 22:18
  bitcoinwell.com/simply BTC and sign up to get Bitcoin on
• 22:24
  Bitcoin. Well, it is literally self
• 22:26
  custody by default, which means you never have the opportunity
• 22:30
  of getting rug pulled. You, you put in a Bitcoin
• 22:33
  address right when your Fiat goes through, right when your
• 22:35
  dollars go through, they send you the Bitcoin.
• 22:38
  They have never a chance of actually rug pulling your
• 22:41
  Bitcoin because they never hold the Bitcoin.
• 22:44
  OK, on that note guys, let's get into the show because we got a
• 22:47
  jam packed program for you today.
• 22:57
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• 24:25
  All right boys and girls, you already know the deal.
• 24:28
  Scan the QR code. Anyways, we're over here on
• 24:30
  Clark Moody's dashboard going over the numbers and the current
• 24:33
  Bitcoin price is $103,240 per Bitcoin.
• 24:37
  The SAT per dollar, AKA how much Bitcoin you can buy for a single
• 24:40
  dollar, AKA how much the dollar is worth in Bitcoin is currently
• 24:43
  at 969 SAT. We are under 1000 SAT.
• 24:46
  I repeat, we're under 1000 stats per dollar, boys and girls, and
• 24:49
  the current block height is 896,699 and the market cap in
• 24:56
  dollars is $2.05 trillion in the Bitcoin versus gold market cap,
• 25:00
  currently at 9.12%. Still a long way to run in the
• 25:04
  hard money game. We are going after.
• 25:06
  I think gold's at $22 trillion market cap.
• 25:09
  We are going to conquer that $22 trillion market cap soon.
• 25:13
  And the total percentage of Bitcoin that will ever be issued
• 25:15
  is currently at 94.59%, roughly 19.86 million Bitcoin in
• 25:20
  circulation. And the realized monetary
• 25:23
  inflation is currently at .84 percent.
• 25:25
  And I don't know if you guys saw, but you know, the dollar
• 25:28
  inflation numbers came in yesterday and I think it was
• 25:30
  2.3. You know, even though it's lower
• 25:32
  than expectations, it's not anywhere close to Bitcoin.
• 25:36
  And of course, the decline from all time high is -5.6%.
• 25:41
  And everyone's freaking out. We're only down 5% and everyone
• 25:44
  still, you know, angry at each other, attacking each other.
• 25:47
  It's like we're only down 5% guys, all time high soon.
• 25:50
  Let's go. All right, guys.
• 25:51
  So as I was telling you, and it's actually kind of ironic
• 25:55
  because I'm pretty sure we were we were kind of trolling Dave
• 25:58
  Ramsey yesterday in the chat. I might have brought it up on
• 26:00
  the show and then this clip came out later in the day.
• 26:04
  So apparently the Dave Ramsey show has flipped on Bitcoin.
• 26:08
  It's not Dave Ramsey himself, but you know, the programming is
• 26:11
  flipping on Bitcoin. So I'm going to start with let's
• 26:14
  let's go with Dave Ramsey. Originally, I believe this was
• 26:18
  2014 when around Bitcoin was around $500.
• 26:21
  And let's hear what he said and let's hear the updated takes
• 26:24
  from the Dave Ramsey Show. So first is Dave Ramsey himself.
• 26:28
  Go ahead and you know I got all you Iraqi dinar people and all
• 26:31
  you gold people all pissed off at me.
• 26:33
  So let's just go ahead and add you Bitcoin people to the mix.
• 26:36
  You're stupid. You're going to lose your money.
• 26:39
  Be pissed at me. You shouldn't have put money in
• 26:41
  something wacko like that. People money and.
• 26:48
  OK, so that was February 2014, $549 Bitcoin win that aired.
• 26:55
  He called it stupid. You know, in hindsight, bitcoins
• 26:58
  hovering above, you know, 100,500 or what, $103,000?
• 27:04
  I don't know. Maybe he's doing a disservice to
• 27:07
  his audience by not plugging Bitcoin, by not talking about
• 27:10
  Bitcoin, but it does seem like he, or rather his programming
• 27:14
  are coming around. So this isn't Dame Ramsey
• 27:16
  himself, but this message is coming from the Dave Ramsey
• 27:19
  Show. So let's hear what they're
• 27:21
  saying. Now, in 2025, eleven years
• 27:24
  later, I would say Bitcoin is here.
• 27:27
  I'm not saying Bitcoin can't fall.
• 27:29
  I'm not saying I disagree with anything you said.
• 27:30
  In fact, I agree with everything I would say to somebody.
• 27:32
  Yeah, if you want to invest in Bitcoin, I would treat it just
• 27:35
  like we tell people to go sit down with a smart investor pro
• 27:39
  and learn about the strategies so that you understand what
• 27:42
  you're doing. But I agree with you that it
• 27:45
  should be a part of a diversified strategy, not all
• 27:49
  eggs. So we'll take baby steps here.
• 27:55
  We'll take we'll take baby steps.
• 27:57
  He said what you know, it's not going away.
• 28:00
  It should be a part of a diversified portfolio.
• 28:02
  Maybe you should go talk to the professionals here and, you
• 28:05
  know, get a get a good Bitcoin strategy going on.
• 28:08
  Don't put all your eggs in one basket.
• 28:10
  Well, hey, you know, this isn't financial advice here.
• 28:12
  We're just Youtubers, but from my perspective, you know, I, I
• 28:17
  think it's kind of good baby steps towards what we believe to
• 28:20
  be the best investment strategy, which is of course, buy as much
• 28:23
  Bitcoin as possible. Take it in the cold storage.
• 28:26
  You don't need an expert there. You just need to understand what
• 28:28
  Bitcoin is. But at least we're getting some
• 28:30
  baby steps where they're like, OK, you know, this Bitcoin thing
• 28:33
  isn't going away. You should probably hold a
• 28:35
  little bit. We've seen kind of from
• 28:37
  BlackRock as well. They're saying around 2 to 3%.
• 28:39
  It seems like a, you know, reasonable place to start.
• 28:42
  They did kind of pull back from like an 80 percent portfolio
• 28:46
  allocation to Bitcoin and now they're at like 3%.
• 28:48
  I think what you're seeing is this kind of like conservative
• 28:51
  narrative around Bitcoin. As I was saying in the
• 28:53
  beginning, though, we are seeing some of the biggest institutions
• 28:56
  and nation States and banks in the world start to embrace
• 29:00
  Bitcoin. They do kind of have to start at
• 29:02
  a conservative baseline. They can't just be go all in.
• 29:05
  You know, that's our job here on YouTube.
• 29:06
  That's our job at simply Bitcoin.
• 29:08
  As Bitcoin Max used to tell you, hey, go all in on Bitcoin.
• 29:11
  This is the best thing you can be doing.
• 29:13
  But at least now they're kind of wrapping their head around the
• 29:16
  the what the Bitcoin things going on.
• 29:18
  At least they acknowledge it's not going away.
• 29:20
  And you know, it's probably a good idea to put some of it in
• 29:23
  your diversified portfolio, though from the Bitcoin maxi
• 29:26
  perspective, I, I, I would argue like, look, don't listen to this
• 29:30
  guy here, you know, don't listen to Dave Ramsey, you know, stack
• 29:35
  as much Bitcoin as humanly possible.
• 29:37
  Obviously pay your rent and your bills and make sure that you
• 29:40
  don't go into debt irresponsibly, but you want to
• 29:43
  be buying a lot of Bitcoin. I personally don't believe in I
• 29:45
  diversified portfolio. I like the, I think it was
• 29:48
  Warren Buffett who said it. I, I'm, I'm blanking on who it
• 29:51
  was, but like when you and Sailor said it, you know,
• 29:53
  there's no second best. You want to buy the winners.
• 29:55
  So like when you see something that's winning, you double down.
• 29:59
  You do put all your eggs in one basket to build wealth.
• 30:02
  And then when you have wealth, maybe that's when you diversify.
• 30:05
  But I'm guessing everyone in the chat here and who's watching
• 30:08
  this video, they're like, how do I just acquire wealth?
• 30:11
  Look again, disclaimer, not financial advice, but just go
• 30:15
  all in on Bitcoin. Go as all in as you can and this
• 30:18
  is how you will win in the next decade.
• 30:21
  So here we go. We're seeing Dave Ramsey show
• 30:24
  flip a little bit. You know, someone said in the
• 30:26
  chat called Dave Ramsey flipper, their show is flipping.
• 30:29
  They're acknowledging bitcoins not going away.
• 30:31
  So we're we're slowly but surely winning the culture war here.
• 30:35
  It's just, you know, one as as Valley was saying earlier, one
• 30:37
  note at a time, one person waking up that Bitcoin isn't
• 30:41
  saying that it's going to be here for a while, that maybe it
• 30:43
  should be a part of your portfolio.
• 30:45
  And soon enough all the nodes will be lit up and and FOMO ING
• 30:49
  into Bitcoin. So.
• 30:50
  Luke. What's your thoughts on Dave
• 30:52
  Ramsey flip flopping now? I'd rather let's let's be, you
• 30:55
  know, a little a little more charitable here, The Dave Ramsey
• 30:59
  show flipping on Bitcoin. I'm sure he might still be a
• 31:03
  hater on Bitcoin, but at least the programming from the Dave
• 31:05
  Ramsey Show is suddenly talking about Bitcoin as a legitimate
• 31:09
  thing to be a part of your portfolio.
• 31:11
  Yeah, So I think everything we're talking about right now
• 31:14
  regarding diversification, I think it all ties back to the
• 31:17
  clip we played in the new section of today's show.
• 31:21
  Michael Saylor is directly telling the biggest sovereign
• 31:23
  wealth funds in the world don't buy a 1% allocation of Bitcoin.
• 31:27
  Go all in. He directly said in that video,
• 31:30
  buy as much Bitcoin as you can. Why is that?
• 31:34
  Well, it goes back to what we're talking right now.
• 31:36
  Traditional financial advisors, traditional financial gurus, the
• 31:41
  in heads on YouTube, they're all wrong.
• 31:42
  And again, I'm wrong all the time as well.
• 31:44
  So you should never take financial advice from me.
• 31:47
  But what I will say is do your own work, do your own research,
• 31:51
  have a look at the history of money and the history of
• 31:53
  technology and you'll see every single time a better money comes
• 31:57
  along or a better technology comes along, these better forms
• 32:01
  of technology obsolete prior monies and prior technologies,
• 32:05
  every single time completely obsolete.
• 32:08
  It's not like the Internet comes along and we use use the
• 32:11
  Internet 5% of the time or 20% of the time and we still use,
• 32:15
  you know, you know, hand delivered mail 80% of the time.
• 32:19
  No, you don't diversify. You go all in.
• 32:22
  This is also why you don't see 20 to 30 or 40% of people using
• 32:26
  horses today. Cars are the superior option for
• 32:30
  transportation. 99.99999% of the world has adopted cars and I
• 32:36
  believe 99.99999% of the world will have adopted Bitcoin.
• 32:41
  I think a shorter time frame than most people think, but I
• 32:44
  don't want to trigger people yet.
• 32:45
  I just think this idea of diversification, Dave Ramsey
• 32:50
  with him walking back position, well, he's shows position on
• 32:54
  Bitcoin. I think this is maybe, just
• 32:57
  maybe a little bit of signal. I think this is signal that
• 32:59
  everybody is slowly coming to the realization that, hang on a
• 33:03
  minute, Bitcoin isn't just an investable asset, it's the
• 33:07
  better thing by a factor of 1000.
• 33:09
  And this is something we talk about in the show here.
• 33:11
  Typically, it's hardest for somebody to go from a 0%
• 33:14
  allocation to Bitcoin to 1% allocation to Bitcoin.
• 33:18
  And then once they have that 1% allocation, it's very easy to
• 33:21
  get them to 10 percent, 2050 and then eventually 100% like
• 33:25
  everyone will come to the realization that they need to
• 33:28
  have 100% allocation of Bitcoin. So I think the signal that
• 33:32
  somebody with as much accolades and somebody with as much I want
• 33:37
  to be again, careful and charitable hubris as Dave Ramsey
• 33:40
  has again, he makes very bold statements again calling again,
• 33:45
  he's he's never said, yeah, I don't like Bitcoin for XYZ
• 33:48
  reasons. He's called Bitcoin investors
• 33:49
  stupid. He's openly said buying Bitcoin,
• 33:52
  you're going to lose all your money.
• 33:53
  He's very definitive with his statements.
• 33:55
  And for the show, I know Dave hasn't said it himself yet, but
• 33:59
  for the shows, you kind of walk that thing back and say, yeah,
• 34:02
  hang on a minute, maybe you should talk to the experts.
• 34:06
  Maybe you should walk the experts.
• 34:08
  Maybe you should go talk to the experts.
• 34:10
  And you know, you have it in a, in a part of a diversified
• 34:13
  portfolio. I think that's massive signal
• 34:16
  that even Bitcoin's biggest haters are saying, hang on a
• 34:20
  minute, maybe we were wrong. Maybe we need Bitcoin.
• 34:25
  I think it's really interesting here.
• 34:26
  Yeah. And actually, before I pass it
• 34:28
  over to Bob and Valerie there, there was one thing when you
• 34:31
  were talking that really clicked for me.
• 34:33
  You know, he basically said trust the experts.
• 34:35
  And as that one meme goes, you know, it's hard, it's hard to
• 34:40
  get someone to get convinced of something when their job is, you
• 34:43
  know, dependent on that thing. I think that's probably where
• 34:46
  that message came from. Like he kind of fashions himself
• 34:49
  as the expert, you know, investment expert, like get out
• 34:52
  of debt and then, you know, by, by these investments.
• 34:55
  So I think that's where that's coming from, where he's like,
• 34:58
  look, you know, you don't have to trust me here, but you should
• 35:01
  trust the experts, which is kind of like a tacit, you know,
• 35:04
  approval of saying like, look, look, trust me and I will make
• 35:07
  sure that you're, you know, your wealth is doing good in the
• 35:10
  future. So I I think that's kind of
• 35:12
  where that coming from, where he's like, yeah, you know, just
• 35:15
  trust the experts. Where we take the complete
• 35:17
  opposite route here on the show. We're like, look, we just want
• 35:20
  you to understand what Bitcoin is.
• 35:22
  And at a certain point you won't watch the show anymore.
• 35:24
  Maybe you'll come back because we're entertaining.
• 35:26
  But once you get Bitcoin, you don't need the safety, you know,
• 35:29
  the safety wheels like on your bicycle here, just like buy
• 35:32
  Bitcoin, continue to buy Bitcoin, take it into self
• 35:34
  custody and you don't need the experts.
• 35:35
  You will turn into the expert overtime.
• 35:37
  So I found that very interesting there.
• 35:39
  But anyways, I saw Valerie kind of nodding, nodding along here.
• 35:43
  Are you a fan of Dave Ramsey? Like what's your thoughts on
• 35:46
  this? Also, not just Dave Ramsey
• 35:48
  himself, but kind of the narrative shift around everyone
• 35:52
  is is waking up to they need Bitcoin.
• 35:56
  Yeah, well, I, you know, as somebody who, you know, ran a
• 35:59
  fund and, you know, was married to someone who ran funds for 15
• 36:03
  years as well, you know, the ego is a really big barrier to
• 36:09
  change in the world. And so when you've got people
• 36:11
  like you just said, you know who, whose livelihood depends on
• 36:14
  the old trad FI system, it's very difficult for them to like
• 36:17
  admit like, uh oh, I missed the thing and someone else got it
• 36:21
  before me. I remember one of my first
• 36:23
  interviews on the show was with James Lavish.
• 36:25
  And, you know, he was old trad fight guy on Wall Street and he
• 36:29
  was just like, it's so difficult to talk to these guys because,
• 36:33
  you know, their whole world is built around the old Triadfi
• 36:36
  system. So when you come in as this like
• 36:39
  waiver of the flag of the new guard, you know, that is this
• 36:43
  thing called sound money. It, it #1 it, you know, creates
• 36:48
  the ego problem of discrediting them and all the things that
• 36:51
  they've done. And so as a fund manager, you
• 36:54
  know, and as somebody who's, you know, a money manager, fund
• 36:56
  manager, whatever, people like need to trust you with your
• 37:01
  advice. And so if you're, if they find
• 37:03
  something before you do and they're like, Hey, why aren't
• 37:06
  you telling me to, you know, allocate something to Bitcoin?
• 37:08
  Or why don't you tell me to allocate everything to Bitcoin?
• 37:11
  You know, you lose that credibility in your career.
• 37:14
  And so unfortunately there's that cognitive dissonance of
• 37:17
  like, Oh shit, you know, I need to like save my butt.
• 37:21
  But there's this thing called Bitcoin and how do I, how do I
• 37:24
  convert my people? And so, you know, so I give a
• 37:27
  lot of credit to people who, you know, show up with humility and
• 37:31
  obviously show up with numbers, datas, and, you know, stories.
• 37:34
  Obviously we're going to talk about Bob's story in a minute.
• 37:37
  But Bitcoin isn't just a number go up technology.
• 37:40
  Like I said, it's peace, freedom and love go up technology.
• 37:42
  And so, you know, Triadfi, their whole job is obviously to get,
• 37:46
  you know, good returns every month, every quarter, every year
• 37:49
  for their investors. And so I think it's very
• 37:52
  important to have love and compassion for the people who
• 37:57
  are waking up. And, you know, I'm grateful that
• 38:01
  Daves finally, I mean, it's, it is inevitable.
• 38:04
  I don't care who you are on planet Earth.
• 38:06
  Like Bitcoin is happening. It is, it's it's air, you know,
• 38:09
  it's this new form of, you know, sovereign money for everybody to
• 38:13
  participate in. And so I really believe that,
• 38:16
  you know, showing some love and compassion and not the have fun
• 38:20
  staying poor and all this bullshit like these people need
• 38:23
  help and their clients need help.
• 38:25
  And again, we're going to talk about Bob and what's going on
• 38:27
  with House of life. But for many, many people,
• 38:30
  Bitcoin is life or death, you know, and when we're looking at
• 38:33
  the, the demise of the family unit, when we're looking at
• 38:35
  people having to have 2-3 jobs, moms are out in the workforce,
• 38:39
  kids aren't coming home to, you know, key latchkey stuff.
• 38:43
  They're doing drugs, they're getting, you know, in trouble
• 38:46
  because the Fiat system is so broken.
• 38:48
  And so the more that we can get tradify and, you know, sovereign
• 38:53
  wealth funds and the governments, et cetera, to
• 38:55
  understand why Bitcoin is a tool to create a healthy family, a
• 38:59
  healthy community and healthy world, you know, we're gonna
• 39:02
  win. And so I love what you guys are
• 39:05
  doing here at Simply and I'm so grateful to be a part of the
• 39:08
  journey. And yeah, that's my little.
• 39:10
  Really appreciate it, Valerie. Yeah, I mean, look, as the meme
• 39:14
  goes or the saying Bitcoin is help.
• 39:15
  And I know personally that ever since I became obsessed with
• 39:19
  Bitcoin, I definitely have a new lease on life.
• 39:22
  And there is, you know, there as that's literally where the name
• 39:25
  Optimus Fields came from. Like there is a better future
• 39:28
  here and it is built on Bitcoin and you know, you you stacking
• 39:33
  Bitcoin, you storing Bitcoin, you understanding kind of the
• 39:35
  the proof of work philosophy, not just as a, you know, Bitcoin
• 39:39
  mining mechanism. It's like you got to put in the
• 39:41
  work and over time, you know, number will go up in all aspects
• 39:45
  of your life. And so, yes, everyone just
• 39:47
  catching on slowly but surely they'll catch on.
• 39:50
  We know that the people that are part of the Tradfy system,
• 39:52
  they'll probably be the last ones here.
• 39:54
  But hey, you know, kudos to the Dave Ramsey Show for finally
• 39:57
  coming around 11 years later. Better late than never, I would
• 40:01
  say. Anyways, Bob, what's your
• 40:03
  thoughts on this Dave Ramsey show coming around or maybe the
• 40:06
  narrative shifting around Bitcoin?
• 40:08
  You know, what's your thoughts hearing these clips?
• 40:11
  I think it's it's amazing. So a year ago we got our first
• 40:15
  Bitcoin donation and my board of directors in Oregon and my CPA
• 40:20
  said you should change it into dollars right away because it's
• 40:27
  a highly speculative investment and we shouldn't be involved in
• 40:31
  that. Fast forward to for these last
• 40:35
  this last month, now we're starting on my board has
• 40:38
  approved and my CPA is in agreement that it's OK to hold
• 40:42
  Bitcoin as an asset and we're starting a a Bitcoin investment
• 40:47
  fund. So, you know, Dave Ramsey's
• 40:50
  beyond my realm, but it's happening to my board of
• 40:53
  directors and my CPA and Lake Oswego OR so.
• 40:58
  Absolutely incredible. Yeah, I, I think that's a, a
• 41:01
  perfect encapsulation of what we're seeing right now that hey,
• 41:05
  a couple of years ago Bitcoin was like the most toxic thing to
• 41:09
  talk about. Not like the toxic Bitcoin
• 41:11
  maximum, but like a, you know, radioactive, you know, money
• 41:14
  asset here. And if you embraced it, it was
• 41:17
  essentially your career's over. And now we're seeing everyone is
• 41:21
  shifting like even your CPA is like, you know, you should
• 41:24
  probably hold some Bitcoin. It's probably really a good
• 41:26
  idea. It's literally the Satoshi
• 41:27
  quote. You might want to get some just
• 41:29
  in case it catches on. And this is where we are right
• 41:31
  now, the narrative catching on. People are realizing it's not
• 41:34
  going away. It's probably going to have some
• 41:36
  incredible gains. Everyone's kind of worried about
• 41:39
  the traditional financial system.
• 41:40
  They're not, they're not sure where to store their money.
• 41:42
  A lot of people are going into gold.
• 41:44
  As you can tell, it's going all time high though.
• 41:46
  It did correct a little bit and Bitcoin is, you know, it did
• 41:50
  correct a little bit, but I think it's setting up a really
• 41:53
  good support level. So by the end of the year, I'm
• 41:56
  sure we're going to be looking back at the beginning of the
• 41:57
  year and make fun of Nico for being such a bear on the show.
• 42:01
  So guys, it all the stars are aligning as far as I'm I'm
• 42:05
  worried about or even caring about.
• 42:07
  It's like this is the perfect bullish setup right now.
• 42:10
  Anyways, let's let's get to the news here.
• 42:12
  And we got, we got some news coming out of the SEC.
• 42:17
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• 44:34
  let's talk about this story. So I don't know if you guys saw
• 44:37
  this on Twitter, but we got this tweet coming out of Caitlin
• 44:40
  Long. And let's not forget, Caitlin
• 44:42
  Long's been in a huge saga with Custodia about about full self
• 44:46
  custody banking. And you know, she's been on this
• 44:50
  beat for a while now and really pointing out the hypocrisy
• 44:53
  coming out of the last administration.
• 44:56
  You know, our boy Gary Gensler and the Biden administration and
• 45:00
  what's happened from the Fed. Well, we got this yesterday.
• 45:03
  And it really leans into what Niko's been saying.
• 45:07
  I know you guys are tired of hearing this, but elections have
• 45:10
  consequences. I know, hold your tomatoes.
• 45:12
  But this is, I think seemingly more signal and more positive
• 45:17
  light on this idea that we are seeing a more lighter touch of
• 45:22
  regulation in the US. So Caitlin Long tweeted the SEC
• 45:25
  chairman's recognition that self custody might satisfy the SEC
• 45:29
  custody's rule is fire clap point down to the, you know the
• 45:34
  snippet here. So I'm going over to the sec.gov
• 45:37
  website where they have this speech or keynote and it's a
• 45:40
  keynote address at the crypto Task Force roundtable on
• 45:43
  tokenization. Let's tokenization words a
• 45:47
  little ugly, so I'm not going to read the whole thing.
• 45:48
  We're just going to jump into the segment that is most
• 45:51
  relevant here, but it is broken down into three different
• 45:54
  segments. We have issuance, we have
• 45:56
  custody and then at the end we have trading.
• 45:58
  So let's look at what they say about custody.
• 46:01
  So this is of course Paul Atkins, he's the new chairman of
• 46:04
  the SEC. So this isn't you know someone
• 46:07
  of no importance. He's literally the head of the
• 46:09
  SEC now and it seems like he is going very favorable for
• 46:14
  Bitcoin, which is one of the things we've been talking about
• 46:17
  for a long time. You know, as we've repeated on
• 46:19
  the show, Sailor keeps saying there's three things to take
• 46:21
  Bitcoin to. You know, what's it $5,000,000?
• 46:24
  It is banks custody Bitcoin, the Bitcoin ETF and of course the
• 46:28
  repeal of Saab 121. And he actually mentions this in
• 46:31
  this segment. So in this segment titled
• 46:34
  custody goes, I support providing registrants with
• 46:36
  greater optionality in determining how to custody
• 46:39
  crypto assets. Commission staff recently
• 46:42
  removed a significant impediment for companies seeking to provide
• 46:45
  crypto asset custodial services by resending resigning staff.
• 46:49
  Accounting bulletin #121 That pronouncement was a grave error.
• 46:53
  The staff had no place to act so broadly in place of Commission
• 46:56
  action and without notice and comment rulemaking, the action
• 46:59
  created needless confusion and went far beyond the jurisdiction
• 47:02
  of the SEC in its effect. However, the SEC can do much
• 47:05
  more to enhance competition in the market for legally compliant
• 47:09
  custodial services than merely getting rid of SAB 121.
• 47:13
  So now you know, the rules are out of the way and he's
• 47:16
  basically saying, hey, we can do more here.
• 47:18
  So kind of bullish. I would say going on.
• 47:21
  It is important to provide clarity on the types of
• 47:23
  custodians that qualify as a quote qualified custodian under
• 47:26
  the Advisors Act and Investment Company Act as well as
• 47:29
  reasonable exception from the qualified custody requirements
• 47:33
  to accommodate certain common practices within crypto asset
• 47:35
  market. Many advisors and funds have
• 47:37
  access to self custodial solutions and incorporate more
• 47:40
  advanced technology to safeguard crypto assets as compared to
• 47:43
  some of the custodians in the market.
• 47:46
  Sequently, the custody rules may need to be updated to allow
• 47:48
  advisors and funds to engage in self custody under certain
• 47:53
  certain circumstances. So basically saying, yeah, let's
• 47:56
  let these corporations self custody, though you know, it's a
• 47:59
  little vague with this under certain circumstances, but hey,
• 48:02
  I'll take a small win where it's at.
• 48:04
  Additionally, it may be necessary to repeal and replace
• 48:06
  the quote special purpose broker dealer framework with a more
• 48:10
  rational regime. Only two special purpose broker
• 48:12
  dealers are in operation today due clearly to the significant
• 48:16
  limitations imposed on these entities.
• 48:18
  Broker dealers are not and never were restricted from acting as a
• 48:20
  custodian for non security crypto assets or crypto asset
• 48:23
  securities, but Commission action may be needed to clarify
• 48:27
  the application of the customer protection and net capital rules
• 48:30
  to this activity. So you know, I, I maybe maybe
• 48:35
  Luke's more of a, a legalese type of guy here, but from what
• 48:39
  I'm hearing here, he's like, let's open the door here so that
• 48:42
  corporation can custody their own Bitcoin.
• 48:45
  So essentially we don't have all the Bitcoin in these big
• 48:48
  centralized honeypots. He's like, let's leave it up to
• 48:51
  the institutions and the companies.
• 48:53
  Obviously there's under certain circumstances here, but I think
• 48:56
  this is a good thing. And he did mention competition
• 48:58
  in self custody, which is, you know, right up all our
• 49:03
  Bitcoiners alley here. It's like, look, you know, just
• 49:06
  just get out of our way for a little bit, You know, don't pick
• 49:09
  winners and losers here. There will eventually be winners
• 49:12
  and losers. But I think hearing the SEC kind
• 49:16
  of change their tune on not just self custody, but Bitcoin in
• 49:19
  general, or you could say crypto assets in general, I think is a
• 49:22
  huge signal of where we're going in the future.
• 49:25
  Remember what we were hearing last year and the year before of
• 49:28
  these non what what was this in non custodial wallets?
• 49:32
  Because you know what, I forget what they were saying in in
• 49:35
  terms of their framing. They tried to create this new
• 49:37
  idea of basically a self hosted wallet and or just you taking
• 49:42
  your Bitcoin into custody. I think it was self hosted
• 49:44
  wallet. I believe I I forget what the
• 49:46
  was. I black holed that, but you're
• 49:49
  seeing the SEC is coming out. They're like, hey, we messed up,
• 49:53
  or rather the old SEC head and the old SEC administration
• 49:56
  messed up. Self custody isn't a bad thing.
• 49:59
  You know, as us Bitcoiners would say, like self custody is a
• 50:02
  right. It's a right for us to hold our
• 50:04
  own private property. Why is the government getting in
• 50:06
  the way of us securing our own private property?
• 50:09
  So I think this is huge news and we'll see kind of down the line
• 50:13
  what this actually entails. This is obviously a keynote
• 50:16
  speech. He's kind of just talking about
• 50:18
  probably just projecting where the ball is going.
• 50:20
  But I think tentatively this is this is a big signal of what's
• 50:24
  to come down the pipeline. So Luke, what's your thoughts on
• 50:26
  the SEC finally pivoting on self custody and, you know, embracing
• 50:31
  Bitcoin? Yeah, I mean, the world is
• 50:33
  slowly but surely going to come to the realization that DJ Val
• 50:37
  made earlier in the show. Bitcoin is freedom.
• 50:42
  Freedom go up technology, as some call it.
• 50:44
  OK. And I think when the world
• 50:46
  begins to embrace Bitcoin, they're saying, OK, we were
• 50:49
  wrong about Bitcoin as an investable asset.
• 50:52
  Maybe it should be a part of your diversified portfolio, like
• 50:55
  what Dave Ramsey's saying. Or when the biggest banks who've
• 50:58
  hated Bitcoin for years finally get the green light to custody
• 51:01
  Bitcoin because they're scrambling to custody Bitcoin.
• 51:06
  This is all like just little tiny Domino's falling day by
• 51:10
  day. That I think, again, ties back
• 51:13
  to the news that we mentioned at the beginning of the show.
• 51:15
  What would the world look like if we're on a Bitcoin standard
• 51:18
  and not a petrodollar standard? This is again something we
• 51:22
  haven't mentioned about the potential of these massive
• 51:25
  Middle East and sovereign wealth funds getting into.
• 51:28
  It's no coincidence that when we've been living on this
• 51:30
  petrodollar standard for the past 50 years, where the Middle
• 51:34
  Eastern giants have said we only accept U.S. dollars for our
• 51:38
  precious oil, no other currencies.
• 51:41
  Because again, we're engaging in helping the US and central banks
• 51:45
  around the world create the century of war.
• 51:48
  That's what central banking has done now that I think we're
• 51:50
  beginning to see not only Dave Ramsey, but also the banks flip
• 51:55
  flop on their Bitcoin position. And now we have Middle Eastern
• 51:58
  sovereign wealth funds not just buying hundreds of millions of
• 52:01
  dollars of Black Rocks Bitcoin ETF like they did in the
• 52:04
  beginning of the year, but now they're being urged by Michael
• 52:09
  Saylor to buy as much Bitcoin as they can.
• 52:12
  I think these are all little Domino's falling that we need to
• 52:14
  be paying very close attention to because maybe, just maybe the
• 52:17
  Bitcoin standard could be a lot closer than a lot of us.
• 52:21
  I think it is because a lot of people think this petrodollar
• 52:23
  standard, this U.S. dollar central banking standard that
• 52:26
  has created so many atrocities around the world and so much
• 52:30
  warm, so much bloodshed. Maybe it's closer to finishing
• 52:33
  than we might think, which is why, again, we bring you the
• 52:36
  news every single day because the news, it's showing us
• 52:40
  something. These dominoes fall in every
• 52:42
  single day. It's just maybe more
• 52:44
  confirmation that the biggest guys, the banks, the
• 52:48
  billionaires, the sovereign wealth funds, we're all quietly
• 52:50
  adopting Bitcoin in the background.
• 52:51
  And This is why we urge you guys seriously, you need to
• 52:55
  investigate Bitcoin today. I even met someone who spent 10
• 52:58
  hours actually looking into Bitcoin who said, yeah, you know
• 53:01
  what? It's boring.
• 53:02
  It's not for me. I I'm not really interested in
• 53:04
  this Bitcoin thing. This is what these banks are
• 53:07
  being forced to do. They're being forced to at least
• 53:10
  investigate Bitcoin for 10 hours.
• 53:12
  It's now become it's, it's not an asset.
• 53:16
  You cannot, you know, look into these days, you can't ignore it.
• 53:20
  Those are the words I'm looking for.
• 53:22
  Bitcoin is an asset you can no longer ignore.
• 53:24
  And the fact that we're seeing all these billionaires every day
• 53:27
  flip flop here and a flip flop there.
• 53:28
  We're seeing flip flops literally everywhere.
• 53:31
  And that's the I've been forced to investigate Bitcoin for at
• 53:35
  least five hours or 10 hours. And yes, earlier in the week,
• 53:38
  I'm not sure if we talked about this or not, but Dell multi $100
• 53:42
  billion company came out and rejected a proposal to put
• 53:46
  Bitcoin on the balance sheet. Maybe they didn't do their 10
• 53:49
  hours of due diligence for Bitcoin.
• 53:51
  Maybe they just looked at it for an hour.
• 53:53
  But I think eventually all these guys are going to be absolutely
• 53:56
  forced to investigate Bitcoin for at least 10 hours.
• 53:58
  And when you do that, you're going to see more news headlines
• 54:02
  hit the tape like we're bringing you right now with the SEC green
• 54:06
  lighting, all the biggest banks in the world to adopt Bitcoin.
• 54:09
  And what did Michael Saylor say? Opti didn't Michael Saylor say
• 54:13
  we need three things for $5,000,000 bitcoins.
• 54:16
  One, we need to spot Bitcoin ETFs 2 we need the fasty fair
• 54:21
  value accounting rules to change.
• 54:23
  Public companies need fair value accounting methods if they're to
• 54:28
  put Bitcoin on the balance sheet.
• 54:29
  And the third pillar, the third catalyst, Michael Saylor
• 54:32
  believes we need for $5,000,000 Bitcoin banks, the custody
• 54:36
  Bitcoin. So again, I'm I'm sure many of
• 54:39
  you guys watching the stream keeping count at home and you
• 54:42
  might recognize we have all three catalysts today ready for
• 54:46
  what a multi billionaire believes is needed for
• 54:50
  $5,000,000 Bitcoin. What do you think, Opti?
• 54:54
  Yeah, I'm starting to feel very bullish.
• 54:56
  It's it's like kind of you see how you said, what's that saying
• 54:59
  about compounding interest is like the 9th phenomenon in the
• 55:02
  world or whatever like that. I I'm starting to feel that with
• 55:05
  the news story, like all these little news stories are starting
• 55:07
  to add up and it really feels like the water is boiling right
• 55:11
  here and Bitcoin is about to explode.
• 55:13
  When when We don't know, but I think it's sooner than later.
• 55:17
  Anyways, I will pass it over to Valerie.
• 55:19
  Valerie, what's your thoughts on the SEC flipping on self
• 55:23
  custody? Are you a fan of the banks
• 55:25
  getting in the Bitcoin or did you think this was just an
• 55:27
  inevitable, you know, trend that we are going to see?
• 55:33
  Like I said earlier, I think Bitcoin is inevitable.
• 55:36
  It's I think, you know, banks are going to have to start
• 55:37
  paying attention. Governments are going to have to
• 55:40
  start paying attention, pensions, nonprofits,
• 55:43
  businesses, homes, moms, everybody.
• 55:45
  I mean, it is something that again, I believe is like the
• 55:49
  tsunami that's going to be happening.
• 55:51
  You know, the other thing that I think is really interesting, you
• 55:53
  know, that we need to focus on and obviously we'll be talking
• 55:56
  to Bob in a second. But like when you look at all
• 55:59
  the stranded energy that is out there in the world, right,
• 56:02
  whether it's hydro, whether it's methane, etcetera, we've got
• 56:06
  opportunities to, you know, create grids for people who
• 56:10
  don't have access to power. You know what, like what Eric
• 56:13
  Hersman's doing with gridless in Africa.
• 56:16
  So when when these, you know, entities start realizing like,
• 56:21
  oh, what do you mean? I can like get electricity into
• 56:24
  these villages that are never going to get connected to the
• 56:27
  real grid, you know, because it's just way too far out there.
• 56:30
  But we're going to start having a quality of life go up, it love
• 56:34
  go up and health go up for people because Bitcoin can
• 56:37
  create, you know, because you can't just go out and put like
• 56:39
  a, an energy grid into, you know, these really rural remote
• 56:44
  areas where people are suffering and they're struggling and
• 56:46
  they're living by candlelight, you know, And so if you look at
• 56:49
  like Alana Mediaviaz films, dirty coin, I think it's super
• 56:53
  important for everybody to start realizing it's not just a, you
• 56:56
  know, a philanthropic endeavor to go out there and create, you
• 57:00
  know, mining facilities and capture, you know, methane or,
• 57:04
  you know, create, you know, micro grids where there's water
• 57:09
  flowing and so and obviously solar, etcetera.
• 57:11
  So when people start to really understand that we're going to
• 57:15
  be able to up level the quality of human life on this earth
• 57:19
  because of the other things that Bitcoin offers, you know, of
• 57:22
  course the SEC is going to come along.
• 57:23
  Of course the banks are going to come along.
• 57:24
  Of course, you know, the governments are going to come
• 57:27
  along, come along. So, you know, the more that we
• 57:29
  can get out there, you know, I've gone to tons of, you know,
• 57:32
  my ex-boyfriend was in, you know, he's a nonprofit called
• 57:35
  Nature Tech Collective. They use technology to learn
• 57:38
  about like how nature can, you know, support human life and,
• 57:41
  you know, data points and stuff. I went to so many climate
• 57:44
  conferences and I'm like, oh God, these people don't know
• 57:46
  what's going on. The minute I would say Bitcoin,
• 57:49
  they would all pucker up Bitcoins boiling the oceans.
• 57:52
  It's using too much energy. I'm like, good, I hope it uses
• 57:55
  1000 times more energy and I hope we can create 1000 times
• 57:58
  more energy because that way people are not doing surgery by
• 58:00
  candlelight. That way you can refrigerate
• 58:03
  your medicines. That way you can refrigerate
• 58:04
  your foods, etcetera. And so I think it's super
• 58:07
  important that we keep having all the holistic variables of
• 58:11
  the conversation in here. And so, you know, obviously
• 58:15
  these big entities coming in, like I said, I think it's.
• 58:17
  Love it love it. Appreciate it.
• 58:19
  OK hey, well Bob's not here so perfect.
• 58:21
  I really wanted to jump into the culture, so we're we're.
• 58:24
  We're going to transition straight into.
• 58:25
  The culture and we'll chat about MI Casa Kids International.
• 58:30
  So let's get into that and we'll wrap up today's show.
• 58:35
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• 58:36
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  Dot IO today. Okay, here we are.
• 1:00:37
  All right. Well, it looks like Bob is
• 1:00:40
  having some issues over there. So Valerie, I will give you the
• 1:00:44
  floor first and foremost. There we go.
• 1:00:46
  There's Bob. Let's start with, you know, I'm
• 1:00:48
  over here for you guys on the audio listeners, me casakids.org
• 1:00:53
  Valley was telling me before the show, you just got back from El
• 1:00:55
  Salvador. You're really excited about this
• 1:00:57
  new project that you are a part of.
• 1:01:00
  So let's just start with, you know, what is the House of Life
• 1:01:03
  organization? What did you see in El Salvador?
• 1:01:06
  And as you mentioned, to wrap up the show, the four solutions
• 1:01:10
  that Bitcoin can offer to help the world.
• 1:01:12
  So the floor is yours, Valerie. Thanks so much, Apji.
• 1:01:18
  Thanks, Luke. And I know Bob right now he's
• 1:01:20
  waiting for a couple volunteers to show up.
• 1:01:22
  So that's why he's kind of in and out.
• 1:01:24
  So he's helping people get into the gate.
• 1:01:26
  So if he pops in and out, just bear with him and what not.
• 1:01:30
  But so about a month and a half ago, I was driving down a
• 1:01:34
  mountain to get some groceries. I asked God spirit universe.
• 1:01:37
  I said, am I doing enough with my time, treasure and talent
• 1:01:40
  that you've gifted me with? And loud and clear, God was
• 1:01:42
  like, you need to work on human trafficking.
• 1:01:45
  And I have some sexual abuse and violence in my past as a child
• 1:01:50
  and many times actually with different people.
• 1:01:53
  And I was like, God, Are you sure that I'm supposed to be
• 1:01:55
  doing this work 'cause I'm going to cry a lot, you know, Are you
• 1:01:57
  sure? God's like you've been training
• 1:01:59
  for this your whole life, honey. And I was like, all right.
• 1:02:02
  And then within 12 hours, my friend Claudia reached out to me
• 1:02:05
  and she's like, hey, I just got back from the House of life.
• 1:02:08
  I'm doing, you know, this work with girls who are pregnant and
• 1:02:11
  have been subjected to human trafficking and violence.
• 1:02:14
  And I was like, oh, well, that's an interesting domino right
• 1:02:17
  there. Thanks.
• 1:02:18
  And that night I did hosted a women's space on Twitter and I
• 1:02:22
  started asking some of the Bitcoin women.
• 1:02:23
  I was like, what do you guys think about this?
• 1:02:25
  And they're like, heck yeah, let's do it.
• 1:02:26
  We can come down and we can start training the girls about,
• 1:02:29
  you know, marketing and sales and we can train the girls about
• 1:02:31
  Bitcoin. We can train the girls about
• 1:02:32
  regenerative agriculture, etcetera.
• 1:02:34
  So for me personally, all these things just kept lining up and,
• 1:02:41
  you know, and I got to speak with Bob, who is a St. you know,
• 1:02:44
  we'll pull him up here in just a second.
• 1:02:47
  But the work that, you know, we know Ryan Mata is doing all
• 1:02:50
  these great videos and, and documentaries about human
• 1:02:52
  trafficking and pedophilia and the things that are happening
• 1:02:55
  around the world, which I consider a global emergency.
• 1:02:58
  One child in this situation is one too many, but 1,000,000 of
• 1:03:02
  children are millions too many. And as Bitcoiners, I feel like
• 1:03:05
  we've got an opportunity to use our time, treasure and talent to
• 1:03:10
  address the four areas. You know, again, I mentioned
• 1:03:12
  earlier, number one is rescue #2 is rehabilitate #3 is get them
• 1:03:17
  training for life skills and #4 is getting them a safe place to
• 1:03:20
  live so that they can have a, a, a, a safe, happy, healthy life
• 1:03:23
  with their children. So, you know, I got to go down
• 1:03:27
  there. They've got a dorm where
• 1:03:28
  volunteer vacations can happen at the MI Casa Kids.
• 1:03:31
  And so I got to stay on site for three days with Bob and the
• 1:03:35
  girls. We did some vision board
• 1:03:36
  workshops. We did a big fundraiser.
• 1:03:39
  You know, we had a couple DJs Obviously I threw some tunes
• 1:03:41
  down, which was really fun. Yeah, but we had people.
• 1:03:44
  Somebody showed up and donated a house like so Stage 4 is where
• 1:03:48
  the girls need a safe place to live.
• 1:03:51
  And so we had John who's like, I'll, I'll build you guys a
• 1:03:54
  house, you just got to give me some land.
• 1:03:55
  So we've got all of these wonderful bitcoiners showing up
• 1:03:58
  and saying like, I can do this, I can do that, I can do jobs
• 1:04:01
  training, I can do building. I've got land, I've got
• 1:04:04
  property, I've got community development, etcetera.
• 1:04:06
  I'm a social worker, I can help, I've got media coverage.
• 1:04:09
  And so it's just like activated the hearts of so many Bitcoiners
• 1:04:14
  right now. And so I'm going to cry, sorry,
• 1:04:18
  I cry a lot because it's such a beautiful project.
• 1:04:21
  And but it's so powerful, you know, and some people are like,
• 1:04:25
  oh, man, I can't even watch the video.
• 1:04:27
  And I'm like, let me tell you what, the girls that are in the
• 1:04:29
  video are stronger than we are. And so you can watch a video
• 1:04:32
  about what's going on with their life if these girls have to live
• 1:04:35
  it. And these girls are coming out
• 1:04:37
  of places that, you know, we can't even imagine what they've
• 1:04:41
  been through, you know. And so Bob McDonnell, who we're
• 1:04:43
  going to pull up here in a second, is the founder.
• 1:04:46
  He's been working with, you know, orphans for the last 30
• 1:04:49
  some years. And then he started the House of
• 1:04:50
  Life, you know, about 18 months ago.
• 1:04:52
  And, you know, I'd love for him to share his story.
• 1:04:55
  And you know what the transformation has been going
• 1:04:57
  on. We're going to be at the Bitcoin
• 1:04:59
  conference. Like I said, we're going to be
• 1:05:00
  talking Thursday at 10:30 with Bob Ryan Mata and Miss El
• 1:05:04
  Salvador. And, you know, we're just
• 1:05:06
  looking to do fundraising. And so my job in the background
• 1:05:09
  is to help them get their tax tech stack together.
• 1:05:11
  We've got people who are helping, you know, with training
• 1:05:14
  and whatnot. And so I'm just kind of trying
• 1:05:16
  to be kind of an executive dork and help out.
• 1:05:20
  So God bless Bob, God bless the team, and thank you for having
• 1:05:23
  us again. Yeah, Bob, chime in here.
• 1:05:25
  So, Bob? Thank you guys so much.
• 1:05:31
  The department, the, I'm sorry, the attorney General's office
• 1:05:34
  just popped in here a little while ago and they're like what
• 1:05:39
  you are doing with the word is traveling all over the place.
• 1:05:43
  And they're like, we have all these kids in government
• 1:05:45
  orphanages, kids that have been are victims of the gang violence
• 1:05:51
  that was going on for years here in El Salvador.
• 1:05:55
  And as soon as they turn 18 and they leave, they just go out and
• 1:05:58
  they're totally re victimized. And they're very interested in
• 1:06:02
  what we're doing with our phase three, which is empowering these
• 1:06:06
  kids to be able to make a living for themselves and also to get
• 1:06:09
  them into a place to live. Because without help, they'll,
• 1:06:14
  they'll never have a place to live.
• 1:06:15
  And the same with our girls here at the House of Life.
• 1:06:19
  If they leave here with their baby, they have no place to go
• 1:06:22
  and the only jobs they can get would be jobs where all the
• 1:06:27
  money, all the funds they have would be to rent A room
• 1:06:30
  someplace and eat on a daily basis.
• 1:06:33
  That's it. They're stuck.
• 1:06:34
  And their only option is to hook up with somebody, some guy
• 1:06:38
  that's going to promise them the moon and then they'll end up
• 1:06:40
  pregnant again. The cycle continues.
• 1:06:42
  And what happened to their mothers, their grandmothers and
• 1:06:45
  their great grandmothers happens again to them and their 567 or
• 1:06:50
  10 children. So the very fact that El
• 1:06:54
  Salvador and and really it would have been very difficult to find
• 1:07:00
  a solution to this had it not been for Bitcoin coming to El
• 1:07:03
  Salvador and all these amazing people helping us.
• 1:07:07
  It's it's a miracle what's going on.
• 1:07:09
  So I'm just blessed to be a part of it.
• 1:07:12
  Now we have Will from Club Cocal coming.
• 1:07:18
  And Paul, these guys are walking in my office here.
• 1:07:20
  Some Bitcoiners, they're going to help me on my cold wallet.
• 1:07:23
  Yeah. Wait, Valerie wants to say hi,
• 1:07:26
  guys. Valerie's on this show.
• 1:07:30
  Hey, guys, it's amazing. How are you guys?
• 1:07:42
  I'm less good than you guys because I'm jealous that I'm not
• 1:07:45
  with you. You're my favorite country.
• 1:07:47
  I hope you're doing well. When are you coming?
• 1:07:50
  Back to the jungle. Coming back maybe next week.
• 1:07:55
  Right. No way dude.
• 1:07:57
  Amazing. Let's Valerie or Bob can as Bob
• 1:08:02
  said, none of this would have been possible if it wasn't for
• 1:08:05
  Bitcoin. Can we, you know, touch on how
• 1:08:07
  Bitcoin actually or even just Bitcoin has facilitated this?
• 1:08:11
  Because I think that might be the most interesting thing for
• 1:08:14
  us, our audience here, besides the incredible work you're
• 1:08:16
  doing. You know, this is a Bitcoin show
• 1:08:18
  and they're like, how how do these two things connect?
• 1:08:21
  How did Bitcoin facilitate this? Well, you know, Bitcoin
• 1:08:27
  facilitated this, number one. You know, I got to meet Claudia
• 1:08:30
  at the Adopting Bitcoin conference, you know, 3 1/2
• 1:08:32
  years ago where I was, you know, speaking and emceeing.
• 1:08:35
  So just the fact that Satoshi created Bitcoin and we got
• 1:08:38
  Bitcoin conferences and we're bringing people together.
• 1:08:40
  Like I said, Bitcoin is a network of love.
• 1:08:42
  And so because of Satoshi and Bitcoin, I got connected with
• 1:08:45
  her. Then I got connected with, you
• 1:08:47
  know, the House of life. But boots on the ground, you
• 1:08:50
  know, tangible things like what's Bitcoin doing to support
• 1:08:53
  these girls? So a couple things.
• 1:08:55
  It's like I said, miss Bitcoin. You know, Alejandra, she raised
• 1:08:58
  over $15,000 in the last two weeks just with a couple posts,
• 1:09:02
  you know, and people were donating Bitcoin.
• 1:09:04
  They're excited. They want to support what Bob's
• 1:09:06
  doing, you know, and as we know, like right now, I'm looking at
• 1:09:10
  back end software stuff like Classy, GoFundMe, Give Butter,
• 1:09:13
  etcetera. They're taking 6% of every
• 1:09:16
  transaction. And So what we're doing is
• 1:09:19
  helping Bob save that 6%. And when you're running like a
• 1:09:22
  lean budget that doesn't get funded by the government and
• 1:09:24
  everything comes out of people's pocket, that 6% is huge, right?
• 1:09:28
  And plus on top of that, you've got your 2.9% of your credit
• 1:09:31
  card. So you're almost at, you know,
• 1:09:33
  9% of transaction fees. So when people are donating to
• 1:09:36
  Bob in Bitcoin, you know, if they're getting a 9% up level
• 1:09:41
  of, you know, how much money they're receiving, you know, and
• 1:09:44
  #2 we've obviously got me Casa, excuse me, me premier Bitcoin
• 1:09:48
  coming in and educating the children so that they can
• 1:09:51
  understand what, you know, Bitcoin is and what is sound
• 1:09:54
  money, what is financial literacy, what is called
• 1:09:56
  storage, etcetera. And so we want these girls to be
• 1:10:00
  financially literate when they graduate.
• 1:10:02
  We want the nonprofit's of the world, all of them, not just the
• 1:10:05
  House of life, but like, how do you create a Bitcoin treasury as
• 1:10:09
  a nonprofit? You know, because they've got
• 1:10:12
  big dreams for expansion and duplication and scaling.
• 1:10:15
  And so if you're saving in Fiat, dirty Fiat, that's, you know,
• 1:10:19
  losing his purchasing power, you're not going to be able to
• 1:10:22
  achieve those scalable goals, right?
• 1:10:24
  And So what we're trying to do right now is, you know, look at
• 1:10:27
  what our urgent, short, medium and long term goals are for, you
• 1:10:31
  know, Bob and whatnot and obviously his operating
• 1:10:34
  expenses. But like, how are we saving for
• 1:10:36
  the future? Because they've got $171,000
• 1:10:39
  project that we're looking to put a second story on top of the
• 1:10:42
  House of life that's going to save another 18 lives, 18
• 1:10:46
  people. So $10,000 a life.
• 1:10:49
  That seems pretty good if we can save lives that way.
• 1:10:52
  But if we're saving in in Fiat, you know, that's going to take a
• 1:10:55
  long time to get. But if we're doing this with
• 1:10:58
  Bitcoin or perhaps Bitcoin donations, we're going to be
• 1:11:01
  able to achieve those goals a lot faster, you know, and so I
• 1:11:05
  think that's super important. The other thing that we're
• 1:11:06
  looking at obviously is, you know, some, you know, I've done
• 1:11:09
  a lot of summits and I do lightning splits.
• 1:11:11
  And so if somebody's like, you know, donating to all the, the
• 1:11:14
  podcasters or the people on my summits, automatically
• 1:11:17
  everything goes, you know, 10% to your wallet, your wallet,
• 1:11:19
  your wallet. What we want to do is start
• 1:11:21
  teaching the girls, you know, obviously life development
• 1:11:24
  skills and how to use Bitcoin in their businesses and accept
• 1:11:28
  Bitcoin cross borders. But then you can pay your people
• 1:11:30
  in Bitcoin and then you can have like, OK, 1% is going to go to
• 1:11:34
  the House of life, 10% is going to each of the girls, etcetera.
• 1:11:37
  And so you can't do that with PayPal, you can't do that with
• 1:11:40
  Venmo, You can't do that with your regular, you know, Fiat
• 1:11:43
  operating system. And the girls are, they can't
• 1:11:47
  have bank accounts right now. So Bitcoin gives them an
• 1:11:49
  opportunity to save in Bitcoin. So when they're 18 and older,
• 1:11:52
  they're going to have a nest egg, you know, and they can
• 1:11:54
  watch it, they can identify it, they start to learn, you know,
• 1:11:57
  so I think it's really neat. We've got Lightning Piggy, which
• 1:12:00
  is a great project for kids and, you know, teaching people about
• 1:12:03
  financial literacy. And they've got the LED screen
• 1:12:06
  of how many Sats do you have? So, you know, Julie and I are
• 1:12:08
  working on a separate project for financial literacy for kids
• 1:12:11
  and Wallet for kids. So when you have the opportunity
• 1:12:15
  to start looking at, you know, do I want to donate, invest,
• 1:12:18
  save, spend or use something on education in these five buckets,
• 1:12:21
  kids start developing a different time preference.
• 1:12:25
  And as Bitcoiners, we know low time preference is preferable to
• 1:12:29
  high time preference. So instead of the kids spending
• 1:12:31
  money on ice cream, they're going to say, wow, I want to
• 1:12:34
  save for this class that I want to do, or I'm saving for a
• 1:12:36
  bicycle or whatever. So, you know, opening the
• 1:12:39
  dialogue of financial literacy, using Bitcoin as a tool and
• 1:12:42
  using the mechanism of splits is so, so important.
• 1:12:46
  And so you know what Bob's, you know, got these wonderful
• 1:12:49
  children that he's loving like it's, it's, it's a great
• 1:12:53
  chocolate and peanut butter mix, right?
• 1:12:54
  Remember that old commercial? So you know, we're doing the
• 1:12:59
  work of God right now. Spirit universe, whatever you
• 1:13:01
  prefer to call this magical creative being that brought us
• 1:13:05
  all together. And you know, again, Bob is
• 1:13:08
  rescuing children every day and he works seven days a week.
• 1:13:11
  He gets up every single day and thinks about what's going on
• 1:13:13
  with these children. So it's not a nine to five, but
• 1:13:16
  like I said earlier, Opti and Luke, we're looking, we're
• 1:13:20
  putting together an open source playbook for people who want to
• 1:13:23
  create houses of lives in their communities.
• 1:13:26
  And how do you integrate Bitcoin into that profile?
• 1:13:29
  And so again, we're putting back end stuff.
• 1:13:31
  So you've got almost like a baby registry, like you can donate,
• 1:13:35
  you know, 100 diapers a month for, you know, the House of life
• 1:13:38
  or you can, you know, we want people to be able to have
• 1:13:41
  transparency completely of where their money is going.
• 1:13:45
  And so we're going to and start training the girls like how do
• 1:13:47
  you do marketing? How do you do social media?
• 1:13:49
  How do you do a newsletter? How do you communicate to your
• 1:13:52
  audience? Like, hey, you know, little
• 1:13:55
  Maria. Maria started walking today,
• 1:13:57
  like here's some pictures of her taking her first steps, of
• 1:14:00
  course, protecting her privacy, etcetera.
• 1:14:01
  But it's very, very important that these girls learn
• 1:14:05
  communication skills and confidence because their
• 1:14:07
  confidence has been completely shattered.
• 1:14:09
  And So what Bob is doing and what all the, the donors and the
• 1:14:13
  volunteers like Paul and Will and Luis and everybody from Club
• 1:14:18
  Cocal, we've got, you know, like I said, Satoshi's Bar next door,
• 1:14:21
  we have, we had thousands of dollars of donations just in
• 1:14:24
  kind, you know, with donating this.
• 1:14:26
  So, so we want to aim, you know, we're aiming to duplicate this
• 1:14:29
  and then obviously get them their treasury.
• 1:14:31
  So I'm, I'm just so excited to be a part of this.
• 1:14:33
  It's completely, completely transformed my life and the
• 1:14:37
  trajectory of where I'm going to be spending a ton of time.
• 1:14:41
  So if you guys want to donate, go to mecasakids.org.
• 1:14:44
  You can donate in Fiat, you can donate in Bitcoin.
• 1:14:46
  Of course, if you want to learn about coming down and doing a
• 1:14:49
  volunteer vacation, you know, reach out to Bob, his emails
• 1:14:51
  there. And we're going to be setting a
• 1:14:53
  lot of stuff up so that when we're having opportunities for
• 1:14:58
  down, like I said, for adopting or Plan B or Max and Stacey or
• 1:15:02
  whatever you want, like bring a group of people down and think
• 1:15:06
  about, you know, how can I contribute to the House of life?
• 1:15:08
  Can you paint? Can you do something with the
• 1:15:10
  girls? Can you dig a ditch so that the
• 1:15:13
  girls can have an organic garden?
• 1:15:14
  There's so many things that people can do so takes a village
• 1:15:18
  and we are a beautiful bright orange of.
• 1:15:20
  It Valerie. All right.
• 1:15:21
  Hey Bob, to wrap up the show, you want to give some final
• 1:15:25
  thoughts before we close out today's show.
• 1:15:28
  I see you got the whole team down there, but Bob, final
• 1:15:31
  message to the audience. What would that be?
• 1:15:36
  It would be that, you know, we have these kids here and if we
• 1:15:39
  don't help them launch properly, they just go right back and
• 1:15:42
  they're and they're re victimized again.
• 1:15:45
  So really, I'm so blessed by all these people, by all these big
• 1:15:51
  pointers that have come to El Salvador.
• 1:15:53
  This country was like in dire need.
• 1:15:57
  And I don't know if it's because it's named the Savior El
• 1:16:00
  Salvador, but God loves this country because he sent all you
• 1:16:04
  guys down here. So let's do this.
• 1:16:07
  Let's duplicate it. Let's have people copy us.
• 1:16:09
  Let's do everything we can. There's a lot of kids that need
• 1:16:12
  help down here and thank you so much for having us.
• 1:16:15
  Really appreciate you guys coming on again for the audio
• 1:16:18
  listeners. You guys could go to
• 1:16:19
  mecasakids.org if you are interested in this project.
• 1:16:24
  All right, let me pull you guys off the screen as I wrap up
• 1:16:27
  today's show. Thank you so much for coming on,
• 1:16:29
  Valerie and Bob and of course, Luke.
• 1:16:32
  Thanks for filling in. We, you know, experiment a
• 1:16:34
  little bit. Appreciate that actually,
• 1:16:36
  actually before we move on, let's just let's, let's wrap up
• 1:16:39
  today's show the right way. I know Luke's not going to make
• 1:16:42
  it because of his visa and all that stuff, but make sure you
• 1:16:46
  guys go to the Bitcoin Conference 2025 in Las Vegas.
• 1:16:51
  It is in about 15 days, well, less than 15 days, I guess, like
• 1:16:55
  13 days or whatever. As you can see, I think this one
• 1:16:58
  might be bigger than ever. Obviously, the Bitcoin price is
• 1:17:02
  pumping. But let's not forget last year
• 1:17:05
  they had Trump, who was a president-elect.
• 1:17:07
  He was a presidential candidate. This year they have a sitting
• 1:17:10
  vice president speaking. So, you know, I'm interested to
• 1:17:13
  see what Vance is going to say. And of course, we have Ross,
• 1:17:16
  who's going to be there first time publicly speaking.
• 1:17:19
  I think there's going to be some big news coming out of Las Vegas
• 1:17:23
  at Bitcoin at 2025 S Make sure you scan the QR code and use the
• 1:17:28
  promo code simply to get 10% off.
• 1:17:31
  All right, guys, on that note, we are out of here.
• 1:17:34
  Really appreciate you guys. Luke, thanks for filling in.
• 1:17:37
  Stick around guys, as I wrap up. All right guys, this was episode
• 1:17:41
  I think 12:44. It's been your host, Optimist
• 1:17:44
  Fields. We will be back tomorrow for our
• 1:17:47
  normal programming. Really appreciate you guys.
• 1:17:49
  Go outside, touch some grass, eat some good food, call your
• 1:17:52
  loved ones, of course, stack some sats 'cause you might not
• 1:17:56
  be able to get Bitcoin at this price ever again.
• 1:17:59
  On that note, peace out. We'll see you tomorrow.
• 1:18:03
  Today's episode was brought to you by bitcoinwell.com, a
• 1:18:06
  Bitcoin only platform on a mission to enable financial
• 1:18:09
  independence.