Latest / Simply Bitcoin / NEW DATA: FORGET The CRASH The Bitcoin Supply SHOCK is ACCELERATING | EP 1321

Transcript

NEW DATA: FORGET The CRASH The Bitcoin Supply SHOCK is ACCELERATING | EP 1321 · Simply Bitcoin

• 0:00
  While everyone's distracted with Bitcoin's crash to 108 K, the
• 0:05
  mother of all supply shocks is silently accelerating.
• 0:08
  The ETF led by Larry Fink's BlackRock bought 1600 plus coins
• 0:13
  yesterday alone. That's four times a daily
• 0:16
  supply. Institutional demand is 7X the
• 0:19
  new supply this last year. And two.
• 0:23
  And then we even have JP Morgan, Jamie Dimon himself saying the
• 0:27
  price should be higher. What's going on here?
• 0:31
  What is going on with the price? Today we're going to be diving
• 0:33
  into all the new data. I got a lot of charts explaining
• 0:36
  what's going on. Essentially all these charts are
• 0:38
  showing institutions are eating our lunch, guys.
• 0:41
  Institutions are scooping up so much Bitcoin and retail, though,
• 0:45
  I am going to wrap up today's show with some, you know, a
• 0:48
  little bit of a troll on, on where we are in the market.
• 0:51
  Retail is nowhere to be found, which is very interesting
• 0:55
  because of course Bitcoin is a grassroots movement, but the
• 0:59
  institution are buying in in huge in bulk right now and
• 1:03
  retail is nowhere to be found. It it's getting crazy out there.
• 1:07
  Of course, I'm not alone. I got Chris here, the slightly
• 1:11
  higher IQ version of Opti here. So we got a good balance show.
• 1:15
  Let's just start with the price. You guys probably saw it here or
• 1:18
  maybe you didn't. Maybe you're like me and you
• 1:19
  didn't even know the price was dipping until you saw it on
• 1:22
  Twitter. But as we tweeted by the dip
• 1:25
  guys, Bitcoin price dumped to 108K.
• 1:29
  What's going on is the real question here and you guys can
• 1:32
  see it here Look at this big old candle here don't don't mind my
• 1:35
  chart bowling here, but it looks like we're on resistance.
• 1:37
  Who knows these these lines move.
• 1:39
  I'm not I'm not here saying that the Bitcoin price cares about my
• 1:42
  lines. I'm just saying it went right
• 1:43
  back to my line here OK, all right, but we got a pretty big
• 1:47
  pretty good candle here. I'll, I'll do a little chart
• 1:49
  bowling for you guys. Who cares?
• 1:50
  It's Friday, right? It's.
• 1:51
  Friday price is not seen since three months ago.
• 1:54
  Yeah. So you know, just a little 4%
• 1:56
  dip price that we haven't seen since July, right, less less
• 2:00
  than four months ago, though it is interesting.
• 2:03
  We are back to the same price that we had in December.
• 2:06
  So literally all of our games this year just completely
• 2:09
  erased. Dude, what a fun time.
• 2:12
  What a, what a fun year. You know what it's going to be
• 2:14
  really fun though, Chris, if we do get the RIP that we think is
• 2:19
  coming Q3Q4, you know, end of Q3Q4, we're going to look back
• 2:24
  at this price right now and be like, man, what a crazy year.
• 2:27
  It really look, I know you weren't around 2017, but it
• 2:31
  really does remind me of 2017 vibes really slow beginning of
• 2:35
  the year and then a huge RIP at the end of the year.
• 2:38
  And of course everyone's speculating right now on this
• 2:41
  idea that these institutions buying Bitcoin and I and I'm
• 2:45
  going to cover that in a minute. The institutions buying Bitcoin
• 2:48
  right now are really fundamentally changing what's
• 2:50
  going on in the market structure and that could mean continuously
• 2:54
  grinding up into 2027. So who knows what's going on,
• 2:58
  man? But Chris, let's get a vibe
• 3:01
  check. How are you feeling today?
• 3:03
  We're poorer this morning. You know, like we're what we're
• 3:06
  down. I don't know, 10% or so since
• 3:09
  the all time high. Let's get a general vibe check
• 3:12
  and then I I will show you the charts, guys.
• 3:14
  I got a lot of a lot of charts here kind of explaining
• 3:17
  institutions eating our lunch right now.
• 3:19
  So Chris Floor is all yours. Vibes are high.
• 3:22
  I mean it was very funny, Opia. I know we talked off air like
• 3:25
  probably two or three weeks ago and you're like, yeah, I feel
• 3:28
  richer when we're above the 120 mark.
• 3:30
  I'm like, dude, it's only been in the 120 range for like 10
• 3:32
  days in bitcoins history. And then we proceeded to only go
• 3:35
  down since we talked about two to three weeks ago.
• 3:39
  So I guess, you know, that's a little bad, like not that I
• 3:42
  called the top there, but I guess I did.
• 3:45
  But that just means there's an opportunity to buy.
• 3:47
  And you know, I think your future self is going to thank
• 3:50
  you. Maybe not a year or two years,
• 3:52
  but definitely 4 or 510 years from now, yourself and your
• 3:55
  family and your generations of your hopefully your legacy will
• 3:59
  thank you for like whoa, grandpa or grandma bought at like you
• 4:03
  know, they bought at 108 K. Now we're sitting over a
• 4:06
  $2,000,000 a coin or whatever it is in the future.
• 4:09
  So I definitely think this is an opportunity to buy the dip.
• 4:13
  Think like institutions, I know they're kicking our ass right
• 4:15
  now. It's stacking, but institutions
• 4:17
  love when price dips. Especially, you know, we've
• 4:19
  talked about this in the past, years ago that like MSNBC or
• 4:23
  like Fast Money or any of these shows, the Jim Cramer's of the
• 4:26
  world are saying goodbye when they're secretly selling onto
• 4:29
  retail and then they're saying to sell when they're secretly
• 4:32
  buying into retail. So like they're always trying to
• 4:35
  manipulate markets. I honestly don't know.
• 4:37
  I mean, we have all these government agencies and they're
• 4:38
  supposed to protect retail investors.
• 4:40
  I know Opti is a big Gary Gensler stand and you know,
• 4:44
  maybe. He was.
• 4:45
  He's a maxi bro. He was he.
• 4:46
  Pretended he was from the. Dumps.
• 4:48
  Maybe he was protecting us from the dumps.
• 4:50
  But I guess the one thing that I will say is like, you know,
• 4:54
  they're allowed to get away with this in this day and age.
• 4:55
  And so I guess it's buyer beware.
• 4:57
  But in the times when Bitcoin dumps, we know what it's going
• 4:59
  to do in the future. I just showed my wife that video
• 5:02
  because she had, she didn't know what I was talking about.
• 5:03
  I know I've showed it to her at least twice.
• 5:05
  But in the video, it's like, don't buy Bitcoin.
• 5:07
  It's only in a crash. He's like, yeah, one time I
• 5:09
  bought Bitcoin, it was at $0.30 and it went to $2.70 and then it
• 5:14
  crashed to a dollar. Then it went from $1.00 and went
• 5:17
  all the way up to $100, and then it crashed down to $30.
• 5:21
  And so, you know, and then he get does this whole thing and
• 5:23
  basically just showing that Bitcoin's only going up over
• 5:25
  time. But then he ends a video, of
• 5:27
  course, with tongue in cheek being like, don't buy Bitcoin
• 5:29
  because you know, it's going to crash as it just showed the
• 5:31
  progression that over time it ends up at higher highs and, you
• 5:35
  know, higher lows. So I just think that's the best
• 5:37
  way to go forward. Yeah, I'm getting trolled 'cause
• 5:40
  my hat's linty. Guys, I don't know why this hat
• 5:42
  it's. Not good.
• 5:43
  I try to keep it clean. No, but you got the trucker hat
• 5:46
  one. This is different fabric, guys.
• 5:48
  This one, I don't know, it just attracts lint.
• 5:50
  All right, guys, quit trolling me.
• 5:52
  Dude, it's Friday. I can't take this much heat
• 5:54
  already, OK, Too much heat already.
• 5:56
  All right, Anyways, everyone's saying show me the charts.
• 5:57
  OK, it's not really charged. I'm not really showing you
• 6:00
  charge, but we have a lot of data.
• 6:01
  River's been dropping a lot of really good data here to kind of
• 6:05
  keep us, I don't know, keep us focused on what's going on.
• 6:08
  And like I keep saying, I've been saying this for weeks,
• 6:10
  guys, institutions are eating our lunch right now.
• 6:14
  And maybe you're in the chat, you're stacking.
• 6:16
  But as a whole, as a collective, the amount of Bitcoin that
• 6:19
  institutions are scooping up right now is is insane.
• 6:23
  And retail, like I keep saying to sleep at the wheel, even
• 6:26
  though it does seem like we are entering the mainstream
• 6:29
  conversation and we're going to chat about this at the end of
• 6:31
  the show. Again, I'm going to kind of
• 6:32
  troll a little bit, but there's no retail bulk buying right now.
• 6:37
  This is not a market that is being moved by retail like it
• 6:41
  once was. We are no longer in the same
• 6:43
  world we used to be, guys. And the data is showing this.
• 6:46
  So first chart here by river is showing the average daily
• 6:50
  Bitcoin flows in 2025. And as you can see the tweet,
• 6:54
  businesses are absorbing Bitcoin at four times the rate it is
• 6:57
  mine again, four times, guys. So, you know, I know there's a
• 7:01
  lot of speculation on whether the supply shock meme is real,
• 7:05
  but what we're seeing right now, these price levels are not
• 7:08
  sustainable when it comes to how much Bitcoin is being bought
• 7:11
  versus how much Bitcoin is coming into this new supply.
• 7:15
  Now, I know there is another factor in here because there is
• 7:18
  a lot of whales taking Bitcoin onto the exchanges and that's
• 7:22
  probably what we're dealing with.
• 7:24
  But you can see guys like the the Bitcoin treasury companies,
• 7:27
  the businesses scooping up Bitcoin four times the the rate
• 7:31
  of the daily mine. And remember, it's about 450
• 7:34
  Bitcoin that's being mined a day or rather released into the
• 7:38
  network a day. The new supply hitting and
• 7:40
  they're buying up four times that now.
• 7:42
  That's crazy. And again, just going further
• 7:45
  into this data, 1.3 million Bitcoin or $150 billion at
• 7:49
  current prices are being held by businesses.
• 7:52
  Companies are starting to catch on.
• 7:54
  Whether you think the Bitcoin treasury companies are a paper
• 7:57
  mining Ponzi scheme or however you want to frame it, the point
• 8:01
  remains the same. They want Bitcoin.
• 8:04
  The corporations are catching on to this idea that they need to
• 8:08
  add Bitcoin to their balance sheet.
• 8:10
  Now, that doesn't mean every company's going to become a
• 8:12
  micro strategy and you know, do ATMs and and basically take out
• 8:17
  loans and issue Bitcoin per shares for their shareholders.
• 8:21
  But every company it seems is going to be become a corporate
• 8:25
  Bitcoin treasury company. Now that really just means every
• 8:29
  company will be holding Bitcoin on their balance sheet.
• 8:31
  And the data is continuously showing us that that is the
• 8:35
  case. Now here is where it gets really
• 8:38
  crazy because I have another, hopefully I brought it up.
• 8:41
  I've been, I've been looking for this chart and I I think I
• 8:43
  finally found it again. Yeah, I did OK.
• 8:48
  This is head of research at at Bitwise and he goes.
• 8:51
  Funny how some analysts still think Bitcoin will top out in
• 8:53
  2025 quote because of the post having pattern.
• 8:56
  Although institutional demand has already been almost 7 times
• 9:00
  larger than new supply. So you have corporate treasuries
• 9:05
  four times the daily supply buying that much Bitcoin, you
• 9:09
  have the institutional demand seven times the supply.
• 9:12
  So I don't know if there's some overlap there, but if it's not,
• 9:16
  you know, 10X the supply right now, I think we could, we could
• 9:19
  kind of lean towards there is some overlap here, but you can
• 9:22
  see year to date institutional demand 690,710 Bitcoin and new
• 9:29
  supply is 100 and 9072 bitcoins. So there is a market dynamic
• 9:34
  here that is unbalanced. Essentially the buy pressure
• 9:37
  coming on from a a whole new capital, whole new pool of
• 9:42
  capital coming into Bitcoin. At a certain point this will
• 9:46
  break to the upside. Now this is also what we're
• 9:49
  seeing from the ETFs. the US Bitcoin ETFs yesterday alone
• 9:54
  bought 16120 Bitcoin again, compare that to the 450 Bitcoin
• 9:59
  that is mined a day 3.6 X the new supply.
• 10:04
  This is four straight 8 days of inflows.
• 10:06
  Like there is a lot of demand in the market right now and it
• 10:10
  really is starting to kind of get back to what I've been
• 10:14
  saying about it does seem like the OG whales basically, you
• 10:18
  know, you could say the OG manipulators of the market, It
• 10:21
  looks like they might be on their last breath here.
• 10:24
  This might be the last time they're going to fundamentally
• 10:27
  be able to move the markets like they are, especially if we see
• 10:31
  this floor of institutional demand coming into Bitcoin.
• 10:34
  If we see this continuous unlimited bid of buying
• 10:39
  pressure. There is no amount of Bitcoin.
• 10:42
  Well, there is, it's obviously hundreds of maybe million coins
• 10:46
  hitting the exchanges. But at the the rate that we're
• 10:49
  seeing Bitcoin hit the exchanges right now, or rather being moved
• 10:53
  and being sold, at a certain point, there will be an influx
• 10:57
  and these institutional demands are going to take us to the
• 11:00
  moon. So here's another one.
• 11:02
  You know, Bit Bitwise reports 28 new Bitcoin treasury companies
• 11:05
  bought 140,000 Bitcoin in July and August alone, equivalent to
• 11:11
  a whole year's of supply. All I'm hearing is guys, yeah, I
• 11:15
  I hate this meme, but there's not that much Bitcoin to go
• 11:18
  around. If these institutional demands,
• 11:21
  corporate treasuries, Bitcoin treasury companies continue this
• 11:25
  basically unlimited buy pressure.
• 11:28
  If they have this unlimited buy bid right now, it's getting
• 11:31
  crazy. And I think this is just the
• 11:33
  beginning of the waterfall. This is probably the first or
• 11:36
  second domino to fall. The amount of interest coming
• 11:40
  into Bitcoin silently right now is incredible.
• 11:43
  We've never seen anything like this ever in the past.
• 11:47
  When I got into Bitcoin in 20/20/2017, 20/18/2020 era, we
• 11:52
  were always saying institutional is coming.
• 11:54
  You know the institutions coming, the capitals coming,
• 11:57
  guys are going to save the bear market.
• 11:59
  Well, now we're here and it does seem like they're doing, as I
• 12:03
  like to call it, the billionaire Fudd playbook.
• 12:05
  They want the price lower. So maybe these whales aren't
• 12:08
  working alone. Maybe they're working in tandem
• 12:10
  here. Let's move the price down, make
• 12:12
  sure that whoever the people behind them get their position
• 12:16
  in Bitcoin, fully pack their bags, and then they can finally
• 12:21
  send it. Because the amount of buying
• 12:23
  right now, the amount of coin being scooped up is incredible.
• 12:26
  Yes, we've seen, I think it's been around roughly 150,000
• 12:30
  coins hit the exchange changes, but we're seeing what 600,700
• 12:35
  thousand coins being bought up. Now that does lead us into the
• 12:39
  argument of paper Bitcoin. We, we have been speculating or
• 12:42
  rather not speculating, but we have been a bit harsh on the
• 12:45
  idea that most of these companies are buying through
• 12:47
  Coinbase or Coinbase Premium. So maybe they aren't actually
• 12:52
  quote UN quote buying new Bitcoin and it's just kind of
• 12:54
  moving from one hand to the other behind the scenes OTC.
• 12:58
  But here is where it gets crazy. And this was the chart I've been
• 13:01
  mentioning the last couple of days.
• 13:03
  This this was in March. So I'm sure we we have an
• 13:05
  updated version. But as our boy Robin said,
• 13:08
  retail is sleeping while institutions are stacking up
• 13:11
  Bitcoin. There's further confirmation
• 13:13
  that the term buy Bitcoin is only at 9% of the Google trends,
• 13:17
  which was in 2017, while the market cap is now almost 10
• 13:20
  times as high as 2017. That's why we will be at $1
• 13:23
  million Bitcoin and 90% of people won't even bother looking
• 13:26
  at Bitcoin. And what do we look looking at
• 13:28
  here? 2024, changing Bitcoin
• 13:30
  ownership. This is just 2024.
• 13:32
  And I think this data has fundamentally probably been, you
• 13:36
  know, leverage here. It's changed probably for the
• 13:39
  worst of institutions, funds, ETF businesses, governments and
• 13:43
  other people buying Bitcoin and then individuals and retail
• 13:48
  selling Bitcoin. So these numbers are skewed
• 13:52
  probably worse than they are now, but the institutions is
• 13:56
  what I keep saying are eating our lunch right now, guys.
• 13:58
  Now I know like personally, I, I have, I have no more Fiat left.
• 14:03
  I, you know, I'm, I'm basically paycheck to paycheck right now
• 14:06
  just trying to survive. But man, if you are sitting on
• 14:10
  the sidelines with dollars or whatever your local currency is
• 14:13
  and now is the time to be buying, now is the time to be
• 14:16
  deploying your capital. Yes, you have a dip.
• 14:18
  As we know this is by the dip season and again, I've been
• 14:22
  bringing up this report as well, but JP Morgan here like the big
• 14:26
  boogeyman here, Jamie Dimon, one of the biggest critics of
• 14:29
  Bitcoin is now having his analysts drop reports saying
• 14:32
  like this Bitcoin price is too low.
• 14:35
  You know, they're not even that bullish.
• 14:36
  They're like seeing upside to 126.
• 14:38
  So what 2K above all time high like all right, cool story bro.
• 14:43
  But we are seeing an incredible amount, amount of wow, Niko's in
• 14:51
  the chat. Wow Nico doesn't show up, but he
• 14:53
  hangs out in the chat. That's incredible.
• 14:55
  The amount of buy pressure we're seeing from institutions right
• 14:58
  now is dwarfing what individuals in retail are selling.
• 15:02
  So there will be a point here. There will be hopefully.
• 15:07
  I think it's soon. I think we're going to see it
• 15:08
  soon. Now we are entering into
• 15:10
  September, which is historically a bad month for Bitcoin.
• 15:13
  And as we're seeing it could probably be something similar.
• 15:17
  So like if you have money right now, if you have Fiat on the
• 15:21
  sideline, if you have just cash flow coming in, I think the
• 15:25
  month of September is going to be a great stacking opportunity.
• 15:29
  And I'm, I've been telling my friend personally like you
• 15:32
  better be stacked up. You better have the position you
• 15:34
  want by October because if it plays out how we seen play out
• 15:38
  historically, October, AKA October is probably going to be
• 15:42
  when things start ripping. So I would say you have, you
• 15:45
  have about a month, you have a month now to deploy as much
• 15:48
  capital as you can. Right now is not the time to get
• 15:51
  shaken out, not the time to get disheartened about what's going
• 15:54
  on with the price. Now is the time to think of it
• 15:57
  like Bitcoin is on discount before it starts ripping.
• 16:00
  Because I don't think that this this dynamic that we're seeing
• 16:04
  right now from institutions versus retail or individuals can
• 16:07
  last that much longer. They're buying way too much
• 16:09
  Bitcoin and it's got a RIP. It's it's totally has to RIP.
• 16:14
  OK, I've been meeting for a minute.
• 16:16
  Chris, I don't know if you've seen all this, all this data
• 16:21
  here, but I'm leaving. Nico's out.
• 16:25
  OK, Nico's out. I'm working, dude.
• 16:27
  I'm working. Anyways, Chris, what's your
• 16:30
  thoughts on this dude? Is the mother of all supply
• 16:32
  shocks a real meme or are we just seeing a change in the new
• 16:38
  quote UN quote Bitcoin buyer? I definitely think, you know, it
• 16:43
  does seem that the OG whales are want to live a better lifestyle
• 16:47
  or a bigger lifestyle. So they've been selling
• 16:49
  obviously into the rise of Bitcoin.
• 16:51
  Obviously we're seeing institutions scoop up Bitcoin.
• 16:54
  There is a lot of talk with all of this demand from
• 16:56
  institutions. The money is here.
• 16:58
  Why is price not ripping harder and faster than we have seen in
• 17:01
  the past? One with OG selling definitely.
• 17:03
  But then I mean, I can't discount claims that there's
• 17:06
  potentially paper paper games being played.
• 17:08
  I'm not going to lie, Opie, one of my guilty pledgers, and I
• 17:10
  know you do this too. We watch the rec bot on Twitter
• 17:14
  when people like leverage long 40X on Binance and then they
• 17:17
  like, you know, it Wicks down even though, because they were
• 17:19
  leveraged long and then all of a sudden someone levers up again
• 17:21
  and then they continue to dip down and then it's like, all
• 17:24
  right, now we're going to keep shorting and then the shorts get
• 17:26
  blown out. So you know, you get blown up on
• 17:27
  both ends when you're using leverage.
• 17:29
  So use what the the strategy that Opti and I use.
• 17:32
  This is not financial advice, but buy Bitcoin, take it into
• 17:34
  self custody. This is the best and buy shore
• 17:37
  the safest way to use Bitcoin. Much better than paper Bitcoin
• 17:41
  summer, much better than using 40X100X leverage on finance.
• 17:45
  But yeah, I do think a lot of it is institutions are buying where
• 17:49
  a lot of the O GS are selling. And then like I said, we can't
• 17:52
  discount paper games that are potentially being played.
• 17:54
  I think a lot of these paper games can happen because we have
• 17:56
  ETS, we have Bitcoin treasury companies.
• 17:58
  It's like if they're promising this Bitcoin to the ETS as well
• 18:02
  as a Bitcoin treasury companies, well, that's half the demand cut
• 18:04
  in half right there. And obviously, you know, time
• 18:06
  will be the the ultimate test of everything in there, basically
• 18:10
  liquidity. What's the the old saying?
• 18:12
  You the market can remain irrational longer than you can
• 18:15
  remain solvent. So yeah, I just think that
• 18:17
  that's, yeah, a big thing. Well, we could stat we could
• 18:21
  stay highly regarded longer than they can keep the price down.
• 18:25
  Hopefully, hopefully that was the old meme back in the day,
• 18:28
  but it seems like we are all out of cash.
• 18:30
  Like remember the the the headlines?
• 18:33
  We've been saying this for months now, like the Bitcoin
• 18:36
  tourists have gone home. So essentially everyone in the
• 18:40
  market right now are just bit corners that have been around
• 18:42
  for longer, like we're the only ones left right now because it's
• 18:45
  it's basically US versus like Larry Fink and Michael Saylor.
• 18:48
  Now, we don't have their capital here, but we should still be
• 18:53
  trying to buy as much Bitcoin as we can currently because we're
• 18:57
  the only people here like the corporate treasuries coming in.
• 19:01
  Larry Finks of the world, you know, the Trump's of the world,
• 19:04
  the sailors of the world. They are our new competitors in
• 19:08
  this game of Hungry Hippo, in this game of Pac-Man.
• 19:11
  Those are the people that we're competing with right now.
• 19:13
  Now, obviously we don't have the deep pockets like they do, but
• 19:17
  hey, we can still get our little portion of the pie right now.
• 19:20
  But man, the institutions, the amount of buying we're seeing,
• 19:23
  it's just it's it's really unprecedented.
• 19:25
  We haven't seen anything like it.
• 19:27
  And there's no retail here like the the the buying volume right
• 19:33
  now on if you're looking at any chart like it's basically non
• 19:36
  existent. It's it's it's dead like it.
• 19:39
  It's basically a desert out here.
• 19:41
  I don't think. I think it's basically here.
• 19:43
  Actually. Let me hear Chris, you go and
• 19:45
  I'm I'm going to double check the volume with with some dates
• 19:48
  here. Yeah.
• 19:49
  And I guess one of the thing that I could add, aside from the
• 19:51
  O GS selling Bitcoin to fund their lifestyle, I think things
• 19:55
  that's kind of under highlighted or not highlighted enough.
• 19:57
  A lot of the Ogs, maybe I, I hate to say, getting selfish,
• 20:00
  but like if you've had all these gains in Bitcoin and then you're
• 20:03
  not that you're worried, but you want to lock in gains.
• 20:05
  There's also the idea that they could be selling their Bitcoin
• 20:08
  to some of the Bitcoin treasury companies and exchange getting
• 20:11
  IOU's, you know, well, and I don't have to call it anyone
• 20:14
  company in particular, but it's just, hey, if you were going to
• 20:17
  give, if you're going to pledge some of your Bitcoin to us, it
• 20:19
  goes on our treasury and we'll give you the stock certificates
• 20:22
  or basically the private equity. Or whatever it is, you know,
• 20:25
  they're getting ownership of these companies.
• 20:27
  You know, obviously I view that as a riskier play.
• 20:30
  So that may not be the best move to do.
• 20:32
  But obviously it's their Bitcoin.
• 20:34
  They can do with it what they want.
• 20:35
  And they think that these treasury companies are going to
• 20:38
  have a NAV premium above what they can earn with Bitcoin.
• 20:41
  So they're risking some of their Bitcoin to try and beat
• 20:43
  Bitcoin's game. That's the only reason that you
• 20:46
  may be selling your Bitcoin at a higher risk.
• 20:48
  And obviously that comes with much more risk, Third party
• 20:50
  risk, it comes with custody risk.
• 20:52
  It comes with, you know, business operation risks.
• 20:55
  So there's all these risks where it's much safer and in my
• 20:57
  opinion, much easier to to just buy Bitcoin, take it into self
• 21:01
  custody. I know American Huddle was on a
• 21:02
  podcast recently, and he does a lot of private equity
• 21:05
  investments. So he's a perfect example of a
• 21:07
  whale that's been in space a long time.
• 21:08
  And he's like, yeah, with all the work and all the stuff that
• 21:11
  I know about Bitcoin, I've only outperformed Bitcoin by 15% with
• 21:15
  my private equity investments. And it comes with way more risk.
• 21:17
  I've wasted way more time spending it with his his wife
• 21:20
  and his daughters. And like, he's like, it wasn't
• 21:22
  worth it. I'd rather have the time and
• 21:23
  freedom back and just buy Bitcoin and do that.
• 21:26
  But you know, that's a risk that a risk that everyone needs to
• 21:29
  evaluate themselves. Yeah, 100%.
• 21:32
  That's look as much as I'm kind of not on the side because if
• 21:40
  you're pointing, if you're doing the paper Bitcoin summer meme,
• 21:43
  there's really only one place you're pointing to and that's
• 21:46
  Coinbase. Now, do I think they're above
• 21:49
  doing some shenanigans? Like, no, but I don't think
• 21:53
  they're that dumb. I don't think they're, they're
• 21:55
  going to, you know, slay the golden goose here.
• 21:58
  And what I'm getting at is I don't think that Coinbase is, is
• 22:02
  fractional reserving their Bitcoin holdings 'cause as we
• 22:05
  all know, like Bitcoin will call your bluff eventually.
• 22:08
  And we've seen this happen with FTX and we all know how big of a
• 22:11
  debacle that was. And like they're a publicly
• 22:13
  traded company. They just got into the S&P 500.
• 22:16
  Now, I'm not saying there isn't historical precedent of a big
• 22:19
  company committing fraud a la Enron.
• 22:22
  You know, we've seen this stuff happen in the past.
• 22:25
  But I still think it's very early in just the the history
• 22:29
  and the market of Bitcoin with I think they know better than
• 22:32
  that. And so I don't think the paper
• 22:34
  Bitcoin summer meme is necessarily like a fractional
• 22:37
  reserve, you know, exchange at least one of the top ones.
• 22:41
  Yes, there could be a small fractional reserve exchange that
• 22:44
  you probably have never heard about, but after the FTA, you
• 22:47
  know, Celsius block by debacles, I don't think these, you know,
• 22:52
  publicly traded exchanges are going to make that dumb of a
• 22:56
  move again. I, I think that kind of risk has
• 22:59
  been, I don't know for for better or worse, diluted in the
• 23:03
  current market that we're in now.
• 23:05
  Will that happen in the future? Probably there's a non real
• 23:08
  chance, but there is credence to the idea of paper Bitcoin summer
• 23:12
  in regards to futures, ETFs, derivatives, etcetera.
• 23:17
  Like that is traditionally where the quote paper paper, you know,
• 23:21
  trading comes from. And so we do know that this is a
• 23:24
  part of the Bitcoin market. So like, yes, there's probably,
• 23:27
  you know, a lot of paper in the market, but I think it is very
• 23:32
  smart to kind of differentiate what kind of paper we're talking
• 23:35
  about here. When most people talk about
• 23:37
  paper Bitcoin, we're talking about fractional reserve banking
• 23:40
  here. And you know the meme, like one
• 23:42
  day we're going to find out that there's 23 million Bitcoin
• 23:44
  instead of 21 million Bitcoin and that'll explain why the
• 23:47
  price was was being suppressed so much.
• 23:51
  But we do know, you know, futures, ETFs, different kind of
• 23:54
  derivatives, options, etcetera. Like those are pretty recent in
• 23:59
  innovations like options coming out of the Chicago Mercantile
• 24:03
  Exchange. Like these are relatively new
• 24:05
  products that are being unleashed.
• 24:07
  And in other markets, this has basically been proven that this
• 24:10
  is paper Bitcoin. This is how they try to control
• 24:12
  the market. So I do believe in paper Bitcoin
• 24:15
  in that sense. Do I believe that like Coinbase
• 24:17
  is fractional reserve banking? No, like I, I don't think they'd
• 24:20
  be that dumb though. You know what do I know they
• 24:23
  they are one of the big shit coin casinos out here.
• 24:25
  So, so they could be playing some dumb games out there, but I
• 24:28
  think after the FTX debacle, no big exchange is doing that.
• 24:32
  Like maybe a small one you've never heard in some jurisdiction
• 24:36
  that you know, has like 1000 coins or something like that.
• 24:39
  I think that's a possibility. But I don't think Coinbase is
• 24:42
  the one that is doing fractional reserve banking, though.
• 24:45
  They could be just kind of moving around some holdings from
• 24:49
  somewhere and giving it to these exchanges like we've seen for
• 24:52
  some of these Bitcoin treasury companies, which could explain
• 24:55
  this, which I wanted to bring up.
• 24:57
  Like I, I, I don't know if you guys look at the volumes on the
• 25:00
  markets here and I am over here. This one's Bitstamp.
• 25:03
  So I'll use, you know, every chart I have here, but you can
• 25:07
  see look at this look at this volume here guys like it's dead
• 25:11
  since 2021. It's been basically non existent
• 25:14
  like it it's nothing. It's we're basically back to
• 25:17
  2012 levels of Bitcoin buying. And I'll go over to Binance
• 25:21
  because it's basically, you know, it has the most most
• 25:23
  liquidity out here and again, like we haven't seen volumes
• 25:28
  like this since 2 years. It's it's the same volume that
• 25:32
  was in 2020. Like the volume is dead guys,
• 25:35
  there is no one buying Bitcoin like it used to be.
• 25:39
  Now, does this mean that these corporations, these bitcoins,
• 25:42
  treasury companies aren't acquiring Bitcoin?
• 25:45
  No, I would probably say that they're the only ones that are
• 25:47
  buying Bitcoin and making any move on these volume charts here
• 25:51
  because it's not retail. Retail's been gone for a few
• 25:53
  years. It's been just us here.
• 25:55
  So once we see a new tidal wave of retail interest, retail FOMO
• 26:02
  and I and I, I think we're might be in the beginning of it
• 26:04
  because I, I do have, you know, some stories here that that is
• 26:07
  kind of making me feel like some top signals here to wrap up the
• 26:10
  show, we're going to troll a little bit.
• 26:12
  There's no volume. The the retail's not here.
• 26:15
  Institutions are the only ones really buying this Bitcoin in
• 26:17
  bulk. All retail on Main Street is
• 26:21
  broke and retail from bitcoiners is broke because we have no more
• 26:25
  cash to buy Bitcoin. So I think now is a great time
• 26:28
  to be acquiring a position. I think September is probably
• 26:32
  going to be a a red month here, but I'm a if.
• 26:36
  If I was a betting man it would be October is when we RIP.
• 26:41
  And, and I'll add one more caveat.
• 26:43
  Normally I think even for the stock market, historically I'd,
• 26:46
  I'd have to double check this, but I'm pretty sure July and
• 26:48
  August are slow months because you think of it, a lot of times
• 26:50
  people are taking family vacations, school is, you know,
• 26:53
  not in session. With that being said.
• 26:55
  So a lot of times like, you know, markets are flat to down
• 26:58
  because basically people are just living their lives once
• 27:01
  school starts back up and we kind of see September and then
• 27:03
  we see October for, for the foreseeable future.
• 27:06
  So I I think that is in the cards.
• 27:09
  Yeah, and also once everyone kind of goes home for the
• 27:13
  holidays is really when everyone's like terminally
• 27:17
  online. So again, you know, everyone
• 27:19
  goes for the cone for the holidays.
• 27:21
  Finances do become more of the conversation.
• 27:24
  Yes, they got to buy gifts, etcetera, but then they're
• 27:27
  online and they're like, yeah, I just spent AI just spent a bag
• 27:31
  on my family Christmas presents. How can I make some more money?
• 27:35
  Then we bombard them with the Bitcoin propaganda.
• 27:38
  So end of year boys, end of year boys and girls, we are in it to
• 27:42
  win it. OK guys, let's keep it moving.
• 27:45
  I do have some good stuff for you.
• 27:47
  But before I move on, of course smash the like button.
• 27:50
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• 27:54
  Do you like the show? Let us know what you think about
• 27:56
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• 27:58
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• 28:02
  everyone that subscribed on YouTube.
• 28:04
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• 28:07
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• 28:09
  to feel really good about this. But shout out to every single
• 28:12
  one of you guys sub to us. We appreciate you and on that
• 28:16
  note, I do want to give a huge shout out to our boys over at
• 28:20
  Bitcoin. Well, the best place to buy
• 28:22
  Bitcoin and yes guys, I, I see you in the chat.
• 28:27
  We'll, we'll make sure Adam reaches out to you guys.
• 28:29
  On that note though, go to bitcoinwell.com/simply use the
• 28:32
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  bought from them has been sent directly to you.
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  You need to have a Bitcoin wallet which so that they, when
• 28:54
  they receive your Fiat, it goes straight to you.
• 28:57
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• 28:59
  Then, of course, if you're watching this and you do have
• 29:02
  Fiat on the sideline, go to the OTC tab, get in touch with the
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  Bitcoin Infinite Well team, and you can buy $50,000 or more from
• 29:11
  their OTC desk. This is the best way to get some
• 29:14
  bulk buys going through right now.
• 29:17
  Anyways, on that note guys, let's get into the rest of the
• 29:21
  show. I want to give a shout out to
• 29:30
  our partner Stamp seed. Is your Bitcoin and cold storage
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• 30:41
  Yeah, this comment is so good because Opti you scammed us into
• 30:47
  a stable coin. I know, I know dude.
• 30:50
  I I scammed myself into a stable coin bro.
• 30:53
  I don't know what's going on right now.
• 30:55
  Anyways, we're over here on Clark Moody's dashboard.
• 30:57
  The current Bitcoin price is 108,540.
• 31:02
  Wow, it's on a 12% discount right now, guys. 12% discount on
• 31:07
  Bitcoin. If you like it at all time high,
• 31:09
  you should love it at a 12% discount.
• 31:11
  And we are currently at block height of 912,275 and the market
• 31:15
  cap. Wow dude, we're barely holding
• 31:17
  on to the $2 trillion market cap.
• 31:18
  That's crazy. 2.16 trillion incredible, absolutely
• 31:23
  incredible. What a dip.
• 31:25
  It's a what a 5% dip, 4% dip and it's like wow, man, we really do
• 31:29
  feel poor. Remember we're what what we were
• 31:31
  saying Chris, we've been at 120 K plus for like 4 days.
• 31:37
  We've been above 100 for hundreds of days and we're like
• 31:40
  man, we're back at 100. We feel so poor.
• 31:42
  What's going on back? In the poor house dude.
• 31:44
  Need to buy. Need to sell the chairs again?
• 31:48
  Yeah, yeah, Mexico. Thanks for the $20 super jet.
• 31:52
  I can't read that. I can't read that, but I
• 31:56
  appreciate it, brother. Okay, All right, so there was a
• 32:01
  Bitcoin conference in Hong Kong right now.
• 32:04
  Shouts out the Bitcoin mag. They did another Bitcoin
• 32:06
  conference and Eric Trump is getting stupidly bullish now.
• 32:12
  There is an interesting kind of Side Story here.
• 32:15
  I saw a news report, I'm going to play the clip for you guys
• 32:17
  right now, but I saw a news, I forget where it was, where it
• 32:22
  was coming from, but it was like legacy.
• 32:24
  It was like Yahoo Finance or something.
• 32:27
  And it basically said that a few Hong Kong legislators,
• 32:31
  regulators, they were advised or rather told not to go to this
• 32:37
  Hong Kong Bitcoin conference because Eric Trump was there.
• 32:41
  And it really got me thinking about, remember when we were
• 32:44
  speculating what the countries were that is secretly buying
• 32:47
  200K Bitcoin? And a few people in the chat,
• 32:49
  it's like it's China. And I was telling you guys, it's
• 32:51
  like there's no possible way that the Trump family is
• 32:55
  conversating with China or Hong Kong about their Bitcoin
• 32:59
  holdings. Well, now we got some
• 33:01
  information here that they're literally avoiding Trump here.
• 33:04
  So they're as I said when we broke that, that news of 200 K,
• 33:08
  there's like a megalodon out there just swimming in the
• 33:11
  darkness scooping up thousands of coins right now that we are
• 33:14
  completely unaware of. So that was an interesting
• 33:17
  little side quest to kind of read this week.
• 33:21
  But on that note, let Let's just hear Eric Trump basically say we
• 33:24
  are going to the moon. You've got nation states that
• 33:28
  are buying the hell out of Bitcoin.
• 33:30
  You've got Fortune 500 companies that are buying the hell out of
• 33:32
  Bitcoin. I mean, you've got the biggest
• 33:34
  families. You've got the biggest companies
• 33:37
  on earth. That.
• 33:38
  Believe in this digital store of value.
• 33:41
  Everybody wants Bitcoin. Everybody is buying Bitcoin and
• 33:46
  that's, that's an incredible thing.
• 33:48
  And that's why I've always said that I really believe in the
• 33:50
  next several years, Bitcoin hits $1,000,000.
• 33:52
  There's no question. Bitcoin hits $1,000,000.
• 33:54
  And when you're in the room with certain people and, and I had
• 33:57
  breakfast this morning with, you know, a couple of the most
• 34:00
  powerful people in the region in the hospitality space, and
• 34:03
  you're literally sitting there trying to explain to them what
• 34:06
  digital currency is. You realize how early we all are
• 34:10
  to this race and, and how big of a benefit that is, right?
• 34:13
  I hear from people all the time, you know, should I get into
• 34:16
  cryptocurrency? Did I miss it?
• 34:18
  Am I too late and I literally start laughing at them.
• 34:20
  I go we we haven't even scratched the surface of what
• 34:25
  Bitcoin is going to be. We haven't even scratched the
• 34:28
  surface of what digital assets are going to be.
• 34:31
  This is the time to buy volatility.
• 34:33
  As your friend to buy right now, shut your eyes.
• 34:36
  Hold it for the next five years. Let's go shut your eyes and
• 34:41
  smash by. Hey, look, man, shouts out to
• 34:44
  Eric Trump. He did recently just say he's a
• 34:46
  full blown Bitcoin maxi and he got super trolled on Twitter
• 34:49
  about it. But dude, he sounds like he's
• 34:53
  should be on simply Bitcoin here that we we literally said the
• 34:56
  same exact thing. Now the interesting aspect of
• 34:58
  what Eric Trump says, you know, the the first son here is that
• 35:02
  what do you call him a first son?
• 35:03
  I, I don't know, that's what you.
• 35:05
  Call him the eldest son, the oldest.
• 35:07
  Son. Well, I meant like the
• 35:08
  president's son. Is that like, you know, like the
• 35:10
  first lady? No prime minister's son, I
• 35:13
  think. Prime Wait, he's he's talking
• 35:17
  about the US president. Oh.
• 35:18
  Oh, yeah, I thought you were talking about Hong Kong for a
• 35:22
  second. I thought, never mind.
• 35:23
  No, OK, we we had a brain fart live.
• 35:27
  The interesting aspect of this is, look, from our perspective,
• 35:32
  we cover the news every single day.
• 35:34
  So we aren't Privy to these private conversations.
• 35:37
  But what we do see privately is confirming exactly what Eric
• 35:41
  Trump is saying. The institutions are buying.
• 35:43
  I just laid out all the numbers for you.
• 35:44
  You know, seven times the total, the mine daily supply they've
• 35:49
  been buying, you know, basically like 2 years worth of supply.
• 35:52
  Currently we have the US at least rhetorically embracing
• 35:57
  Bitcoin. We're seeing Middle East country
• 36:01
  stack Bitcoin, potentially some countries that we don't even
• 36:04
  know about stacking really huge positions in Bitcoin, The ETFs
• 36:10
  taking a lot of Bitcoin into their products.
• 36:13
  It's like, I agree with him, it does feel like we are still
• 36:18
  early. Now, I know it's hard to say
• 36:19
  that like you're at 100K Bitcoin, how could you be early?
• 36:22
  But I always fall back on my very left side of the bell curve
• 36:26
  heuristic here. It's like go outside and talk to
• 36:28
  normies, Go, go or just talk to your family.
• 36:31
  How many of them understand what is going on?
• 36:33
  I would argue very few, if not no one.
• 36:36
  So I also agree, we're very early and I think we're even
• 36:39
  early this year. Like I think the end of the
• 36:41
  year, it's where we get the fireworks.
• 36:44
  Maybe we're going to get some New Year's fireworks here, and
• 36:47
  not just the ones at Times Square, but the green ones on
• 36:51
  the chart. Well, I'll add to that Opti,
• 36:54
  like, I mean, what people in, in the investing world are like in,
• 36:58
  in Tradfi, like they always talk about their 10X bags or 10
• 37:01
  baggers. Or I know that's more like, you
• 37:03
  know, like like the GameStop memes of it all.
• 37:07
  Oh, like this is my 10 bagger and stuff like that.
• 37:09
  But the to your point being early, like we can almost
• 37:13
  guarantee that bitcoins going to 10X because right now the market
• 37:16
  cap of bitcoins about 2.1 gold's market cap is $23.2 trillion.
• 37:22
  So I mean, that's a 10X alone just going to gold.
• 37:25
  And we know bitcoins a better version of gold.
• 37:28
  It's more, it's easy, more easily divisible, it's easier to
• 37:31
  pour, it's faster, it's all like all these different things,
• 37:35
  faster and cheaper to transact and all these different things.
• 37:38
  And that doesn't even include the negative yielding debt that
• 37:41
  is US bonds or even just bonds for any of these countries in
• 37:45
  the world. So I just think that like it's
• 37:47
  still, it's still OK to say we're early.
• 37:50
  Like I, I can almost guarantee with certainty that we are going
• 37:52
  to 10X from here. And that's just the beginning
• 37:55
  because that doesn't even account for the literally 10s if
• 37:58
  not hundreds of trillions of negative yielding bonds in the
• 38:00
  world like. Why would I have?
• 38:02
  Gold when I can add Bitcoin, which is, you know, is is a
• 38:06
  better form of money. Why would I hold bonds over
• 38:09
  Bitcoin, which is way better than than bonds?
• 38:12
  So I don't know, that's just my opinion on it.
• 38:14
  No, I mean, you reminded me. So I had literally out of all of
• 38:18
  my friends, I probably have, I don't know, maybe 3 or 4 friends
• 38:23
  that ever actually listened to me about buying Bitcoin and they
• 38:27
  are extremely happy about that. But I, I had a conversation with
• 38:31
  my buddy and I'm, I'm super happy for him.
• 38:34
  You know, he's got a new job. He seems to be doing really well
• 38:37
  and he was telling me how like he has a four O 1K for the first
• 38:41
  time and you know, I'm like, Congrats, man.
• 38:43
  Like that. That's awesome having a safety
• 38:45
  net. Good for you.
• 38:47
  In my head, I, I didn't really want to have like an argument
• 38:49
  and tell him what to do with his life.
• 38:50
  He's one of my really good friends.
• 38:53
  My head, I'm like, you should be buying Bitcoin.
• 38:54
  But the conversation eventually ended to Bitcoin and I was
• 38:59
  telling him it's like, look, and that was before the dump.
• 39:01
  I basically told him what I told you guys on the show.
• 39:03
  It's like, look, if you have some capital right now and you
• 39:06
  kind of you think you might get a little lower price, maybe
• 39:09
  deploy a little capital in the next week or so.
• 39:12
  And then if you get a good price point, you know, deploy all of
• 39:16
  the capital you have. But by October, you should
• 39:19
  probably get a position in this. And I was kind of explaining to
• 39:23
  him all the different dynamics that we're seeing right now
• 39:26
  because he he really just like trusted me, bought a little bit,
• 39:29
  you know, go lives his life, doesn't pay attention to the
• 39:31
  news. And then I'll talk to him every
• 39:32
  once in a while. And I was telling him, like,
• 39:35
  dude, it's like the news is crazy around Bitcoin.
• 39:37
  You know, like, Larry Finks, the Jamie Diamonds, the Trump's of
• 39:41
  the world are embracing Bitcoin. He's like, damn, OK.
• 39:43
  Like things have really fundamentally changed in the
• 39:46
  last year or two. And I was telling him like,
• 39:49
  yeah, like the market's been kind of down.
• 39:50
  It's only been like a 30% increase year to date.
• 39:54
  And he like stopped me. He's like, dude, that's still
• 39:56
  better than what like my Roth IRA are doing 01 K are doing
• 40:00
  like that's incredible. And I'm like, yeah, you know,
• 40:03
  but like 30% is really nothing. He's like, yeah, whatever.
• 40:06
  Like that's better than anything else.
• 40:08
  He's like the little amount of bit money I put into Bitcoin
• 40:11
  when you told me to do it. He's like, it's outperformed
• 40:14
  everything else in my other portfolios.
• 40:16
  And he's like, I really wish. My dad didn't talk me out of not
• 40:19
  going all in on Bitcoin. I'm like dude, don't listen to
• 40:22
  the boomers about this. They don't know where this is
• 40:24
  going. So I hit two things.
• 40:26
  Confirm what you said and also the little boomer hate.
• 40:28
  Shouts out to the Bitcoin boomers in the chat.
• 40:30
  Though although I'll, I'll do some boomer optimism here.
• 40:33
  The best is when boomers that you orange peel and they get it,
• 40:36
  you know, and they're like, and they're not in the Bitcoin
• 40:38
  space. So like boomers that are just
• 40:40
  like like your friend, they're just kind of like bought a
• 40:42
  little Bitcoin and they're like, wait, this got me like 88% over
• 40:46
  the last year or this only got me 30%.
• 40:48
  They're like, that's way better than my bonds, my stocks, my
• 40:51
  real estate. Like all these other things are
• 40:52
  like more of this like the boomers that are like really
• 40:55
  orange filled and they're like more normie esque or, you know,
• 40:57
  don't really follow the Bitcoin news at all.
• 40:59
  They're like, you're telling me this is a bad year?
• 41:01
  I'd like to see a great year. They're just going to be like.
• 41:04
  Making it rain. Their their Fiat and and the
• 41:07
  bonds that they do. Own.
• 41:09
  Yeah, No, I mean, honestly we're we're so jaded here.
• 41:13
  You know what like a 10X cents 2017 or something or Depend 2018
• 41:21
  something like that. It might even be higher.
• 41:23
  What like 3K to 120K? That's the you, you don't get
• 41:26
  those type of return to anywhere else.
• 41:28
  Now, if you go back to the beginning of 2017, it's even
• 41:31
  higher. In the last five years, it's
• 41:34
  been pretty like what, like a 5X or so like that.
• 41:37
  And here we are, 2025, we're just expecting the bull run,
• 41:41
  parabolic run of the bull run. And we're like, dude, 30% gains
• 41:44
  like this is horrible. Even though if, if it does do
• 41:47
  that, we're on track still for a third.
• 41:49
  Well, we well hold on. Before today we were on track
• 41:53
  for that 30% kegger. But yeah, I don't know, we just
• 41:58
  erased all of that. So let's, let's see, even even
• 42:04
  if it's even if we just get 30% back for the whole year, it's
• 42:07
  still better than anything else. Now for us, it means nothing.
• 42:11
  You're like 30% like whatever dude.
• 42:13
  I, I didn't get in this to just barely out beat the S&P 500.
• 42:17
  I want to completely demolish everyone on Wall Street and show
• 42:20
  them that left side of the bell curve wins.
• 42:22
  We don't need these, you know, quote UN quote money geniuses to
• 42:26
  control my finances. We are cutting out the middle
• 42:28
  man. So anyways.
• 42:32
  You're saying barely beat the S and PS and PS only had 15% over
• 42:35
  the last year, 30% double that. But I I know these are these are
• 42:39
  little gains. These are kind of gains like
• 42:40
  what, dude? A measly 15% that's barely
• 42:43
  beating the S&P 500. I want to beat it by like 200
• 42:47
  plus percent. OK, then we can talk about
• 42:50
  really, really taking Wall Street here.
• 42:53
  But 30% every year is fine. Yeah, except for we just erased
• 42:57
  our 30% increase for the year. Boys, it's over.
• 43:01
  No, no, it's not. It's not.
• 43:03
  All right, guys, let's get into the news.
• 43:04
  There is some interesting news here.
• 43:06
  I don't know, it's it's definitely bullish, but maybe
• 43:10
  not for the right reasons. Anyways, let's cover the news.
• 43:15
  I want to give a shout out to our partner Let In, the leader
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  15% off anything on the store. Yo-yo, crazy, crazy reality
• 45:08
  check here Jake Thomas Bitcoin flashback one year ago we were
• 45:12
  at 59 K man, remember 58 K? That was fine.
• 45:16
  Are we going back? Maybe, maybe that's the poll.
• 45:18
  Are we ever going back to 58 K anyway?
• 45:21
  Yeah, I know, we, I know we were only talking on year to date
• 45:23
  only being up 30%, but like yeah, the one year chart we're
• 45:27
  up 82%. So I mean that just gives you
• 45:30
  some. Context.
• 45:31
  Well, in that case, you know, I guess what is it, 67% increase
• 45:37
  over S&P 500? Yeah, that feels a little
• 45:39
  better, but. S&P is only up 10% year to date,
• 45:42
  but it's up 15% over the year. So yeah, we're.
• 45:45
  Crushing, Well, well, you know, we'll, we'll take, I will say
• 45:47
  we're crushing them and in boomer eyes we are crushing
• 45:50
  them. In traditional financial eyes we
• 45:51
  are crushing them. So we'll take that.
• 45:53
  Anyways, as I was saying, we did get some interesting news coming
• 45:57
  out of the CFTC Commodities Futures and Training Commission.
• 46:01
  Now, I really, I, this might be a little niche kind of nerdy
• 46:04
  stuff and and maybe no one really cares, but it is
• 46:07
  interesting news. Again, this all kind of leads to
• 46:10
  this idea that the US is embracing Bitcoin heavily, every
• 46:14
  institution, not just a Trump administration, not just ACS,
• 46:18
  the SEC, but also the CFTC. And there is a lot of debate and
• 46:22
  we really don't know yet like who, which institution and you
• 46:27
  know, hold your tomatoes here, but which institution has
• 46:31
  jurisdiction or overview over Bitcoin right now?
• 46:34
  The SECS claims, the CFTCS claims, they both claim they do
• 46:38
  and they probably both do in certain scenarios because there
• 46:42
  hasn't been any clear kind of guidelines.
• 46:45
  But we did get this press release yesterday.
• 46:48
  So the acting Chairman Pham announces F bot advisory to
• 46:52
  provide regulatory clarity for non-us exchanges.
• 46:57
  So the CFTC today issue an advisory regarding the Foreign
• 47:01
  Board of Trade registration framework for non-us entities
• 47:04
  legally organized and operating outside the United States that
• 47:08
  seek to provide persons physically located in the United
• 47:10
  States with direct market access to their trading platforms.
• 47:14
  The CFTCS F bot registration framework applies to all markets
• 47:18
  regardless of asset class and and includes both traditional
• 47:22
  and digital asset markets. Today, the F Bots advisory
• 47:26
  provides the regulatory clarity needed to legally onshore
• 47:29
  trading activity that was driven out of the United States due to
• 47:32
  the unprecedented regulation by enforcement approach of the past
• 47:36
  several years. That's the big kahuna here.
• 47:39
  Because remember what Gary Genzer was saying?
• 47:41
  You know, we're we're doing regulation, regulation by
• 47:45
  enforcement, basically. Like you don't know what's going
• 47:48
  on until you basically, you know, get a slap on the wrist
• 47:51
  here and you do something that you think is legal and then they
• 47:56
  tell you it's illegal after the fact.
• 47:58
  And you're like, I was following these rules.
• 48:00
  And they're like, yeah, well, you know, this is regulation by
• 48:02
  enforcement. So we can basically make up
• 48:04
  whatever we want here. And you're in trouble now and
• 48:07
  you're fined or you're a criminal.
• 48:09
  So it does look like there is some new, you know, favorable
• 48:13
  laws here going on. Now, am I hopeful that whatever
• 48:16
  they do propose as the law is going to be necessarily
• 48:19
  beneficial? Probably not.
• 48:21
  But it does seem to be a 180 on the precedent that we've seen
• 48:25
  before. Now, what's this mean for you
• 48:28
  Jokingly, basically. Now you can finally, you know,
• 48:32
  100 X long on, on Binance. But while I was saying that, it
• 48:37
  really reminds me of, you know, the fact that Arthur Hayes of
• 48:41
  Bitmex was a criminal for so long.
• 48:43
  You know, they came after him. He did get pardoned by Trump.
• 48:47
  And now it seems like Bitmex is seemingly going to be a legal
• 48:51
  exchange now, even though they've been on the Seychelles.
• 48:54
  Is that Seychelles? The Seychelles, Yeah.
• 48:58
  You know, so they haven't been in the US You, you historically
• 49:01
  needed to have AVPN. Well, you couldn't use the
• 49:04
  platform first and foremost illegally.
• 49:07
  You don't, don't use the platform.
• 49:09
  But metaphorically, hypothetically, if you use the
• 49:14
  VPN, they weren't really checking and that's why they got
• 49:18
  a fine and Arthur Hayes had to step down.
• 49:20
  Well, now it looks like these offshore exchanges will be able
• 49:24
  to service US customers. So I mean, I think that's a good
• 49:29
  thing. Now, do I think you should go on
• 49:32
  these platforms and you know, 100 X long, 500X long.
• 49:36
  You're you're $100 in Bitcoin, maybe for fun, but don't do it
• 49:41
  with your whole bag, You know, now, hey, 100X long coming back
• 49:44
  to the US, you got to love it. Full D Gen. status as we go into
• 49:48
  the bull run. What could go wrong, Chris?
• 49:51
  What could go wrong? Yeah, I guess I'll, I'll add to
• 49:55
  that. Yeah, I, I do think it is like
• 49:58
  we've talked about this before, it's a little bit like the
• 50:00
  carrot in the stick, like the US is welcoming them into to
• 50:03
  service US customers, but it's going to come with a bunch of
• 50:06
  stipulations like, hey, we want you to KYC people, we want you
• 50:09
  to do all these different things that are already in place.
• 50:11
  You know, AM LKYC regulations from basically the Patriot Act
• 50:16
  in the early 2000s. With that being said though, I
• 50:20
  know CK for CK Christian Corollas now at Oh my God the
• 50:28
  human. Rights Foundation.
• 50:31
  Rights Foundation, thank you. And my old boss at Bitcoin
• 50:33
  magazine, he brought this up back in 2022 bit Max was
• 50:36
  basically the first company that was ever sanctioned by the US
• 50:39
  government and the regulatory bodies that was able to operate
• 50:42
  under full sanctions from the US government.
• 50:45
  And then even look at it in terms of like dissonance of like
• 50:49
  the Russian government, there was, you know, the Human Rights
• 50:51
  Foundation or a bunch of non profits there that basically
• 50:53
  were working against Putin because they were calling him a
• 50:55
  dictator, which he is. And basically they were able to
• 50:58
  operate even though he sanctioned their bank accounts,
• 51:00
  you know, tried to imprison a lot of them, take their bank
• 51:04
  accounts down, but they were operating on a Bitcoin standard.
• 51:06
  So even the the strongest government in the world, some of
• 51:09
  the strongest dictators in the world aren't able to stop the
• 51:11
  power of Bitcoin. So even though Bitmex, they
• 51:13
  fully sanctioned them, there was no money to get because Bitmex
• 51:16
  operates on basically pairing Bitcoin with any of the other
• 51:19
  cryptocurrencies that they use. So obviously Opti and I are not
• 51:22
  like advocating for using other cryptocurrencies, but basically,
• 51:25
  instead of having AUS dollar to a cryptocurrency peg, it was a
• 51:29
  Bitcoin Bitcoin peg, which when you think of it is pretty
• 51:33
  ingenious. So obviously they're showing
• 51:35
  you, they're displaying in Fiat currency, what the value of it
• 51:38
  is in U.S. dollars or any other currency.
• 51:41
  But since they're pegging everything to Bitcoin, nothing
• 51:43
  can be seized like their, their bank account didn't get seized.
• 51:46
  And I know part of that is like, you know, the, the, the
• 51:49
  cleverness of that or basically, you know, obviously they, they
• 51:52
  eventually modified to use stablecoins as well.
• 51:55
  So obviously there's risks there where if a stablecoin provider
• 51:58
  says, Hey, you need to freeze these transactions or even other
• 52:00
  cryptocurrency where Bitcoin can't be stopped.
• 52:02
  But they were keeping the vast the majority of their treasury
• 52:04
  and Bitcoin which can't be stopped.
• 52:05
  So I just think that's pretty ingenious.
• 52:07
  Like they were the first company to get full sanctions from the
• 52:10
  US government and they were able to keep operating through all of
• 52:13
  that. Obviously Arthur Hayes and a lot
• 52:16
  of his other Co founders, a few of them saw jail time, fines
• 52:21
  like probation, stuff like that. But the exchange itself was able
• 52:24
  to keep operating even with their board of directors and
• 52:27
  executives being under the gun from the US government.
• 52:30
  And they're still operating today.
• 52:31
  So which is really crazy when you think about it, the path
• 52:33
  like the wrap around the power of Bitcoin and what that did for
• 52:36
  the company. Yeah, totally.
• 52:38
  Like Bitmex, Arthur Hay, I love Arthur Hayes writing.
• 52:40
  He's one of the best writers in the space, period.
• 52:43
  And I guess now that he's technically not at Bitmex, he
• 52:46
  can actually. But it would say a lot of.
• 52:50
  Yeah, let it, let it fly. Exactly.
• 52:52
  But there is 2 points there. One like you said, you know,
• 52:54
  Bitmex was able to skirt sanctions.
• 52:56
  Well, actually, sorry, I don't, I don't think I can say that.
• 53:00
  But it was fully sanctioned and they couldn't shut him down.
• 53:04
  It was also one of the first exchanges to basically use
• 53:07
  Bitcoin as like the unit of account, which is like goaded
• 53:11
  here. You know, Bitmex is, is one of
• 53:13
  the legendary companies here. Whether you 100100X longed on
• 53:17
  Bitmex or not, they, they definitely deserve their flowers
• 53:21
  here. And now it's looking like all
• 53:24
  that whole saga that we all kind of lived through in the early
• 53:27
  days, it's being flipped 100% on its head.
• 53:30
  So interesting. And I, I am actually, you know,
• 53:34
  I was, I had some other stuff here, but we went a little long.
• 53:37
  Guys, it's Friday. I want to do a little trolling
• 53:40
  here. So I, I, I have a thought
• 53:42
  experiment for you guys and you guys can tell me in the chats
• 53:46
  here it is around mainstream adoption.
• 53:49
  And are we topping? Because I'm starting to get the
• 53:52
  signals here guys when they're starting to repeat themselves.
• 53:56
  We've seen this happen before and it's terrifying.
• 54:01
  I, I really, I really don't want to see us top out right now.
• 54:04
  OK, this is all I'm saying. So let me, let me go through
• 54:08
  some, some, some, some cultural memes in the moment.
• 54:12
  And yeah, they're, they historically these are top
• 54:16
  signals. So I don't think we're there,
• 54:18
  but not feeling good. Anyways, let's get into the
• 54:20
  culture. I want to give a shout out to
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• 56:24
  OK, so pulse check, vibe check in the chat vibe check is that
• 56:30
  everyone is saying that that we are not topping yet.
• 56:35
  All right, that's what they're saying.
• 56:36
  And then first rate cut in September will cause Bitcoin to
• 56:39
  look. I agree with this, though.
• 56:43
  I'm starting my my gut is telling me we're starting to see
• 56:47
  top, top of the market vibes here.
• 56:49
  Now, what am I talking about? Well, we saw this and we've seen
• 56:53
  this play out before. Vogue business this morning.
• 56:58
  Yes, yes, Vogue Business. Let's just say Vogue business is
• 57:02
  tweeting about crypto or Bitcoin here.
• 57:04
  It's really crypto, but Bitcoin's a part of it and we've
• 57:08
  seen this play out. So Gucci now again is tapping
• 57:11
  into the fashion crypto crowd. Apparently now end of month
• 57:15
  certain stores you will be allowed to use crypto, Bitcoin
• 57:18
  and some shit coins to buy your Gucci clothes.
• 57:22
  OK, that's that's my first, you know, conspiracy theories.
• 57:26
  My data point here. My my tinfoil hat moment going
• 57:29
  on. We have a huge luxury fashion
• 57:32
  band brand again starting to accept payments.
• 57:37
  We've seen this play out in the past.
• 57:39
  I, I don't, I don't know if I need to lay it all out for you.
• 57:43
  Next we have Pete Davidson and Casey Affleck team up with Dong
• 57:48
  Lyman on a Bitcoin thriller film called Killing Satoshi.
• 57:52
  Satoshi. No one knows who he is.
• 57:54
  They are creating a movie, a conspiracy thriller that looks
• 57:58
  to unravel one of the most enduring mysteries of the 21st
• 58:00
  century, the secret identity of Nakamoto.
• 58:02
  So we have a luxury brands accepting Bitcoin for payments
• 58:07
  to buy their designer clothes. Now we have a Hollywood movie
• 58:12
  about trying to find the identity of the creator of
• 58:16
  Bitcoin. I I I feel like we've seen all
• 58:19
  these things happen before and then this one is literally
• 58:24
  hilarious. This is like the funniest thing
• 58:26
  ever. We have E girls from a spicy
• 58:31
  site that are talking about becoming millionaires A
• 58:35
  billionaires set up if they invest in shit coins.
• 58:38
  And here let me know if you guys can hear this because this is
• 58:41
  this is hilarious. And as you can see the tweet
• 58:44
  help. Hopefully you hear this.
• 58:45
  Can you hear this? Chris need help OK investment
• 58:48
  investing don't know what to do what it is but I need help.
• 58:52
  I need help. OK so I would recommend.
• 58:54
  So me personally I have 1.3 million in XRP.
• 58:57
  So right now it's about $2.00 and something cents.
• 59:01
  But the community knows that when I know it will bump up to
• 59:04
  $10 I'm going to be basically set for life.
• 59:06
  So I would highly recommend buying XRP.
• 59:10
  Are you crying? What the did you just say XRP
• 59:14
  It's a it's I couldn't even understand what X could even
• 59:17
  stand for. It doesn't stand for anything.
• 59:18
  It's just like it doesn't XRP doesn't stand for anything like
• 59:20
  explicitly. It's just like a I'm screwed.
• 59:23
  Crypto men come this way. Help me.
• 59:26
  Just put money into XRP and then you're set for life.
• 59:28
  Put my money in it. Or just spend it all.
• 59:30
  Whatever you want to do. Well, will the IRS come after me
• 59:32
  if I like? Will they?
• 59:33
  They won't come after me if I do that.
• 59:35
  You haven't paid taxes in two years, so they're gonna come
• 59:37
  after you anyway. Not if I had my money in this
• 59:39
  XPR stuff, right? Yeah, you're right.
• 59:43
  Just do that. Need help OK.
• 59:45
  OK. I I gotta add, I saw a clip from
• 59:48
  this podcast the other day or like probably months ago where
• 59:52
  the one girl owed, she owed like hundreds of thousands, if not
• 59:56
  millions in taxes. And she's like, I didn't pay
• 59:58
  them. I'm like, and the other girl was
• 59:59
  like, what do you mean you didn't pay them?
• 1:00:01
  She's like, I haven't paid taxes.
• 1:00:02
  Like, how does that work? So that that girl's cooked?
• 1:00:05
  And it's not just for buying shit coins.
• 1:00:07
  It's, yeah, she's going to have a lot bigger problems.
• 1:00:10
  You don't want to fuck around with the IRS, that's for sure.
• 1:00:13
  Well guys, I've three data points here, 3 cultural data
• 1:00:17
  points here. That historically is top
• 1:00:21
  signals, though if you look at really like the Bitcoin
• 1:00:24
  indicators right now and none of the real indicators are topping
• 1:00:28
  out yet. So we have the new inverse
• 1:00:31
  inverse opti here. We have E girls shilling shit
• 1:00:35
  coins. We have luxury brands accepting
• 1:00:39
  Bitcoin and shit coins for payments and we have Hollywood
• 1:00:44
  trying to find the identity of Bitcoin currently, guys.
• 1:00:47
  So the conversation is, are we have we entered into the
• 1:00:52
  mainstream conversation now and we're just going to be dealing
• 1:00:55
  with this eternal September problem forever where we just,
• 1:00:59
  it's like Groundhog's Day forever.
• 1:01:01
  We just rehash the same things every other couple of years
• 1:01:04
  because new people come in. Or is this us, you know,
• 1:01:09
  entering the cultural zeitgeist? Or are these top signals boys?
• 1:01:13
  But if you've been around these are these are these are
• 1:01:18
  historically some very good top signals.
• 1:01:20
  OK. Opti, you know like that that
• 1:01:23
  myth that like celebrities die in threes.
• 1:01:25
  I think this is like, you know, the the bull market dies in
• 1:01:28
  threes, you know, E girls shilling crypto, you know movie
• 1:01:32
  Hollywood movies about it, you know, random fashion brand
• 1:01:36
  incorporating Bitcoin and crypto into it.
• 1:01:38
  I I I think you're on to something here.
• 1:01:40
  Not a good sign, but hey. Look, I said we're going to
• 1:01:44
  troll a little bit today. It's Friday.
• 1:01:46
  We're going to end this with some laughs.
• 1:01:48
  We got to check the Google Trends because I remember you
• 1:01:51
  guys, you guys looked at that like 2 weeks ago and I think we
• 1:01:53
  haven't reached the peak. No, we haven't.
• 1:01:55
  Since 20/21 was the last time it was like really your euphoric.
• 1:01:59
  I think it's been at least four years.
• 1:02:01
  And remember, yeah, last time, last cycle, what was it, 2021?
• 1:02:05
  Yeah, 2021 we had like Tom Brady being sponsored by crypto.com.
• 1:02:10
  We had Matt Damon doing the crypto.com, I forget what.
• 1:02:14
  Yeah, FTX commercial. It's like we had celebrities
• 1:02:18
  creating their own shit coins and like we, we're, we're
• 1:02:22
  getting back to a very similar time.
• 1:02:25
  And I like, I'm not saying this is actually a top signal like I
• 1:02:30
  like I am trolling here, but these are top signals if I've
• 1:02:35
  ever seen them. So guys, please help if you hear
• 1:02:39
  me, if you can hear me whales, can we really start sending this
• 1:02:43
  and it's only going to get crazier.
• 1:02:45
  All right, so here's Google trends.
• 1:02:48
  I I'm actually going to do 2. We're going to do buy Bitcoin.
• 1:02:53
  You can see it is pretty dead. So 18, that's what maybe
• 1:03:00
  November 2020 vibes or you know, October 2017 vibes.
• 1:03:08
  So you know, based on the Google trends here, Chris, I'm feeling
• 1:03:13
  a lot more bullish. I'm not going to lie.
• 1:03:16
  Those numbers are right before we get some parabolic retail
• 1:03:20
  pump. So let's go Google Trends is is
• 1:03:24
  on our side, you know? Forget the E girls, what's the
• 1:03:27
  most recent peak? Not this the third highest peak,
• 1:03:30
  So not the 1 from 2021, but with that one that's probably right.
• 1:03:33
  Trump's winning the election. I think that's probably what
• 1:03:36
  that is. That one.
• 1:03:37
  No, no, no, no. The N1N he when he won the
• 1:03:40
  election in. 2020, OK, that was 33 Bitcoin 33 post.
• 1:03:45
  I think that's what it is. And we're currently at 18.
• 1:03:49
  So we're not even, you know, we got a, we got a full double
• 1:03:53
  until we get back to the election.
• 1:03:56
  Remove the Bitcoin term. I want to see well, just what
• 1:03:59
  the buy Bitcoin is, not that one.
• 1:04:00
  Remove the other one because buy bitcoins being Hanford by Yeah,
• 1:04:05
  there we go. So November top where?
• 1:04:09
  Where we at? Why is dude it's not working?
• 1:04:13
  That doesn't work. For me, that's OK.
• 1:04:14
  Yeah, that's like 100%. Just go where we are.
• 1:04:16
  We'll just go where we are. So currently at 12 November, it
• 1:04:21
  was at 19/20/21 the last kind of bull run up and we were at 44
• 1:04:27
  and I I don't know this isn't working for me so.
• 1:04:30
  It's a. It's a.
• 1:04:31
  More than four, yeah, 100 a hundred.
• 1:04:33
  So 2020 or 2017 vibes, what we have 4/12/14.
• 1:04:38
  So look man, that's making me feel even more bullish.
• 1:04:41
  You see this we're we're at the bear trap before the parabolic
• 1:04:45
  run and we were like maybe mid cycle of the 2021 pump.
• 1:04:53
  So we may be getting top signal indicators from the culture, but
• 1:05:00
  Google Trends is our friend and we are still going to pump guys.
• 1:05:04
  We are, we are mid pump here. So yes, don't get shaken out,
• 1:05:09
  guys. Do not get shaken out.
• 1:05:12
  Yeah, All right. Well, we made it to Friday and I
• 1:05:16
  know, I know I'm, I'm doing it, Chris, just I know you guys have
• 1:05:20
  been yelling at me. We've we've been forgetting,
• 1:05:22
  we've been rug pulling you guys. And I didn't even tell you guys
• 1:05:26
  in the beginning of the show. So pull out your Lightning
• 1:05:29
  wallets. We are giving out free Sats from
• 1:05:31
  our boys over. At.
• 1:05:33
  Bitcoin. Well, let me see I'm I'm logging
• 1:05:37
  in. Let me let me get this up.
• 1:05:40
  Hopefully the sats work. OK here we go get your lightning
• 1:05:46
  wallets out first come first serve and real life hack.
• 1:05:51
  If you go and watch on Rumble I am pretty sure you most likely
• 1:05:56
  get the sats one second earlier. So here we go Rumble.
• 1:06:00
  You go into your Bitcoin rewards, you hit the wishing
• 1:06:04
  well, and you have a chance to win a million sats.
• 1:06:08
  Let's see. Let's see what is our lucky
• 1:06:10
  prize? 434 sats, Generational wealth by
• 1:06:13
  100. Let's go.
• 1:06:17
  All right, actually, we'll do we'll do.
• 1:06:19
  Let's see if there's some unclaimed sats here guys.
• 1:06:22
  You guys can claim them. If not, you know you're shit out
• 1:06:26
  of luck for today. But while we're waiting, I do
• 1:06:30
  want to give everyone a shout out on Orange Pill app.
• 1:06:32
  I've been getting a lot of love on it.
• 1:06:34
  Everyone loved my my fitness. Oh, we have no sats here.
• 1:06:37
  You guys claimed it. OK, so hey, shouts out to you
• 1:06:41
  guys claiming this. But like I was saying, I I do
• 1:06:45
  want to give a shout out to everyone that messaged me on
• 1:06:47
  orange pill app Shouts out to everyone over there.
• 1:06:51
  You guys are giving me some love, you know, giving me some
• 1:06:53
  love with the journey I've had with my boy Sal and being his E
• 1:06:57
  girl. I had a lot of people like man,
• 1:07:00
  dude, you're getting bulky. You know, you're getting swole.
• 1:07:02
  Dude, you think I you think I just speak about memes here,
• 1:07:06
  guys, I'm living the memes. You know, I, I sold everything
• 1:07:11
  for Bitcoin. I quit all my work to go work in
• 1:07:16
  Bitcoin. I lived at my mom's basement to
• 1:07:19
  stack more Bitcoin. I drive a shitty old truck to
• 1:07:24
  stack more Bitcoin. And now that I have Bitcoin,
• 1:07:28
  actually I don't have Bitcoin. Now that I don't have Bitcoin, I
• 1:07:32
  want to usher in the 0 stats with style and longevity.
• 1:07:36
  If we do have the best money in the world, you got to be fit,
• 1:07:40
  you got to be around for a long time.
• 1:07:41
  So guys really take your health seriously.
• 1:07:44
  You know, we, we do the carnivore diet.
• 1:07:46
  I actually, I can't stick to the carnivore diet.
• 1:07:48
  I like bread and pasta. Sorry guys, you know.
• 1:07:51
  I. Mean, I like carbs.
• 1:07:53
  Carbs are delicious, you know? But I mainly eat steak and eggs
• 1:07:57
  and ground beef. That's like the bulk of my diet.
• 1:08:00
  But I live the memes, man. You know, stack sats.
• 1:08:04
  Stay solvent, stay humble, eat good.
• 1:08:08
  You're in these sats for generational wealth.
• 1:08:09
  If we have generational wealth, guys, you got to be around for
• 1:08:12
  generations. So take it very seriously.
• 1:08:15
  I I want it. I want everyone in the chat.
• 1:08:19
  I want every. There's the running meme.
• 1:08:20
  Chris of Opti scams us into profits every single day because
• 1:08:25
  Nikka freaks. Nikka freaks out every time I
• 1:08:28
  say that he's like, we're not scamming.
• 1:08:29
  I'm like, dude, like you're too autistic.
• 1:08:31
  That's that's the point. Like we click bait you into
• 1:08:34
  profits. We're worse.
• 1:08:36
  We scanned a new into a stable coin, so yeah.
• 1:08:39
  That is worse that is totally worse, but I really I really and
• 1:08:44
  and Ron P said it the other day. He's like Opti actually cares
• 1:08:47
  about everyone in the chat look you guys give me a lot of shit
• 1:08:51
  you know I love you guys in the chat.
• 1:08:52
  I appreciate it. I'll take all the feedback, but
• 1:08:56
  I think what would be super cool is if like 10 years from now,
• 1:08:59
  everyone that has ever listened to Simply Bitcoin is just super
• 1:09:03
  fit and super rich and we're just like the best we've ever
• 1:09:07
  been. And it's literally because you
• 1:09:09
  guys sat around and trolled me on Simply Bitcoin.
• 1:09:11
  Like I want the best for everyone that watches our show,
• 1:09:14
  which means I want you guys to save in Bitcoin and I want you
• 1:09:17
  guys to be healthy. So again, shouts out to everyone
• 1:09:19
  for giving me love on Orange Pill app.
• 1:09:21
  It means a lot. Anyways, Chris, it's the show,
• 1:09:24
  it's Friday, it's Labor Day weekend.
• 1:09:27
  You know, guys, don't, don't poison yourself too much this
• 1:09:30
  weekend, but you know, enjoy life a little bit, cook a steak,
• 1:09:33
  get outside, get some sun, maybe hang out by the pool, you know,
• 1:09:37
  like life's good, man. Even though, even though the dip
• 1:09:41
  is dipping, buy the dip if you got money like it, It's a, it's
• 1:09:45
  a holiday weekend here in the US and if you're not in the US, you
• 1:09:48
  know, do the same thing. Get a workout in, get a walk in,
• 1:09:51
  eat some good food, call your mom, call your dad, you know,
• 1:09:54
  call your brother, sister, whoever you have in your family.
• 1:09:57
  Call your loved ones. Man feels good.
• 1:10:00
  Anyways, I feel better now. You know, I, I'm feeling really
• 1:10:03
  bad about the E girls, but now I'm like, we're winning.
• 1:10:08
  The only thing more scarce than Bitcoin is time.
• 1:10:10
  So using off these, enjoy it, touch some grass.
• 1:10:14
  Go tell your loved ones you love them.
• 1:10:17
  Yeah, I just say stay humble, stack sats.
• 1:10:19
  Spend your time wisely. Spend your sats wisely or don't
• 1:10:23
  spend them at all. That's something better.
• 1:10:25
  You know, someone said take creatine.
• 1:10:26
  I have some. I just never take it, dude.
• 1:10:28
  I'm all natural, OK? I'm all natural.
• 1:10:31
  I eat steak. All right?
• 1:10:32
  OK. Yeah, totally agree, Chris, you
• 1:10:36
  know, actually you got homework. Go watch In time.
• 1:10:39
  Go watch IN Time this weekend. And remember, it is a it is a
• 1:10:43
  Bitcoin movie. All right, all right, That's
• 1:10:45
  your homework for the weekend, boys and girls.
• 1:10:47
  Anyways, on that note, I love you guys.
• 1:10:49
  I will see you on Monday. Have a good weekend.
• 1:10:52
  Have a good Labor Day. If you're in the US, we will be
• 1:10:55
  back on Monday for another show. Peace out, guys.
• 1:10:59
  Peace. Out guys.
• 1:11:01
  Wrong one. Today's episode was brought to
• 1:11:04
  you by bitcoinwell.com, a Bitcoin only platform on a
• 1:11:07
  mission to enable financial independence.