Latest / Simply Bitcoin / This $1.3T Asset Manager JUST Quietly Bought $252M of Bitcoin! | EP 1100

Transcript

This $1.3T Asset Manager JUST Quietly Bought $252M of Bitcoin! | EP 1100 · Simply Bitcoin

• 0:00
  Yeah, welcome to the Bitcoin. Today we're going to be exposing
• 0:02
  the $1.3 trillion asset manager that just quietly bought over a.
• 0:07
  Quarter. Billion dollars worth of Bitcoin
• 0:10
  when you thought that was bullish This week we just saw
• 0:12
  the biggest Bitcoin ETF flows in 120 days.
• 0:16
  Are these two events signalling the next leg up that is
• 0:20
  potentially coming in the next month or two?
• 0:22
  I don't know we shall see. This all sounds crazy, but we're
• 0:25
  about to touch 69 K Bitcoin. After all, we're going to break
• 0:29
  all of this stuff down. We have all the sources, all the
• 0:32
  receipts for you guys. But before we start the show, I
• 0:34
  do want to bring up our very special guest for today, Mr.
• 0:38
  John Chanel, and of course, Optimus Fields.
• 0:41
  John Chanel is the founder of Citadel theory.com and Opti
• 0:45
  needs no introduction. But you were laughing bro, So.
• 0:47
  Yeah, well, I mean, I, I find it funny that you pick 69 K and not
• 0:52
  70K. So, you know, hey, there's a
• 0:54
  little Easter egg for everyone out.
• 0:56
  There, I I whoa, whoa, Opti, I think you're, you're you're
• 0:59
  you're reading way too much into it.
• 1:01
  Anyways, guys, let's jump straight into the news.
• 1:03
  Shall me, shall me. So I was talking about this
• 1:05
  asset manager. Who am I talking about?
• 1:06
  It is Morgan Stanley. This is a headline Morgan
• 1:09
  Stanley's Bitcoin ETF holdings surge to 272 million amid rising
• 1:16
  crypto demand. Let's get into some more of the
• 1:19
  details. Wall Street Titan Morgan Stanley
• 1:21
  has significantly ramped up its exposure to Bitcoin, with its
• 1:25
  Bitcoin ETETFS holdings now exceeding 272 million U.S.
• 1:30
  dollars. This marks just This marks just
• 1:32
  over two months since the investment powerhouse began in
• 1:35
  providing its climates clients with indirect exposure to
• 1:39
  Bitcoin via ETFs. Currently, these holdings
• 1:42
  represent point zero, 2% of the firms overall $1.2 trillion
• 1:47
  assets under management. It goes on to say just recently
• 1:50
  Morgan Stanley empowered thousands of its financial
• 1:52
  advisors to offer eligible clients the opportunity to
• 1:56
  invest in spot Bitcoin ETFs. This following the secs approval
• 2:00
  of the spot Bitcoin ETF in in January.
• 2:02
  Of course, we guys know that the firms global head of research
• 2:06
  recently highlighted Bitcoin mining stocks as a promising new
• 2:09
  investment Ave. for CIO's. These investments could harness
• 2:14
  long term growth opportunities associated with innovations and
• 2:17
  energy sources ranging from natural gas to nuclear power.
• 2:21
  Vanek head of digital assets research math Matthew Siegel
• 2:25
  shared this in his social media post on October 14th.
• 2:30
  Also in other news as well, here's Eric Balkunas.
• 2:33
  I hope I pronounced that correctly.
• 2:35
  He says Bitcoin ETFs have crossed 200.
• 2:37
  I mean 20 billion in total net inflows for first time after
• 2:42
  huge week of 1.5 billion for contacts.
• 2:45
  It took gold ETFs about five years to reach the same number.
• 2:50
  That is absolutely massive. From a historical perspective,
• 2:54
  the Bitcoin ETFs have been the best performing ETFs of all time
• 3:00
  and it doesn't matter the category.
• 3:02
  And of course, I don't think that's a coincidence.
• 3:04
  Here's our research with some really cool like infographics
• 3:08
  and some numbers as well. ETFs bought over $920 million of
• 3:12
  Bitcoin so far this week and it is only Wednesday.
• 3:15
  Of course, that number has gone up since then and here there's
• 3:19
  updated graphics as well ET FS about over $1.38 billion of
• 3:23
  Bitcoin in three days this week. This is already the biggest ETF
• 3:27
  week in four months, so could this be explaining the recent
• 3:31
  price run up? Also, it seems like the pro
• 3:34
  Bitcoin candidate is doing wells well not only in the polls but
• 3:37
  in the betting data as well. Could that play into it as well?
• 3:40
  I don't know we shall see, but anyways, let's break down some
• 3:43
  of this news. The things that popped up to me
• 3:45
  specifically was the Morgan Stanley news.
• 3:48
  And the reason that pops what's up to me is because, right, it
• 3:52
  seems like a lot of the clients, remember, we got very, very
• 3:56
  optimistic and bullish when we were breaking the news to you
• 3:59
  guys that a lot of these banks were getting their wealth
• 4:03
  management division the thumbs up to start selling Bitcoin to
• 4:09
  some of their clients. And it seems like that has been
• 4:12
  successful so far. And one of the things that we
• 4:15
  always talk about on simply Bitcoin is this idea of aligned
• 4:19
  incentives. And the beauty of Bitcoin is
• 4:21
  aligned incentives. And what do I mean by that?
• 4:23
  So Bitcoin miners aren't mining Bitcoin out of charity, out of
• 4:27
  the goodness of their heart. They're mining Bitcoin because
• 4:30
  they think they're going to make money.
• 4:32
  People that run Bitcoin nodes, they're running Bitcoin nodes
• 4:35
  because they don't want to trust someone else's copy of the
• 4:37
  Bitcoin blockchain. They want to trust their own
• 4:39
  copy of the Bitcoin blockchain. And it goes on and on, right?
• 4:42
  And what happens is people following their own incentives
• 4:45
  actually make the network stronger.
• 4:47
  So This is why Max Keiser makes the joke that, you know, Sailor
• 4:51
  is Bitcoin's employee of the month and Larry Fink is
• 4:55
  Bitcoin's employee of the month. When Larry Fink goes on TV, when
• 5:00
  Sailor goes on TV, when this news drops of Morgan Stanley,
• 5:03
  they're working for Bitcoin. And if they're working for
• 5:06
  Bitcoin, if you're holding a bag of Bitcoin, they're working for
• 5:08
  you. So this is extremely, extremely
• 5:12
  bullish. This is market signals
• 5:14
  indicating and telling you that not only big banks, but also the
• 5:19
  clients of those big banks are interested in getting exposure
• 5:23
  to Bitcoin. And of course, that is a one way
• 5:26
  St. You start with a 1% allocation,
• 5:29
  you start with a 2% allocation. Fast forward four years later,
• 5:33
  the allocation is now 50%. And if you're a total Bitcoin
• 5:36
  maxi like me, Opti and Mr. Chanel here, you end up up going
• 5:40
  like 100%. So all of this is extremely
• 5:43
  bullish news, optimistic news, and it doesn't surprise me at
• 5:47
  all whatsoever. Now in regards to this historic
• 5:50
  week in terms of finally the ETF inflows, my, my, my comment on
• 5:56
  that is effing finally. We've been stuck ranging at this
• 6:00
  level for the last 8 months. It's been boring.
• 6:04
  I feel like the life has gone out of my soul.
• 6:07
  It's just been, it's just been a very, very just boring time in
• 6:12
  Bitcoin's history. So I'm glad things are, are
• 6:14
  picking up again. I'm glad things are getting
• 6:17
  exciting again. And that perfectly aligns with
• 6:20
  every other Bitcoin bull market that we've experienced.
• 6:24
  And it seems like this one is aligning right.
• 6:26
  So it looks like we might have a great end of 2024, a great Q4
• 6:31
  and it seems like we might also have a great 2025 as well.
• 6:36
  Opti, what's your take on this? Yeah.
• 6:38
  Well, First off, I do want to kind of mention the numbers
• 6:42
  there. I think that is absolutely
• 6:44
  incredible. Morgan Stanley put .02% of their
• 6:48
  holdings in Bitcoin and that's, you know, a little more than 1/4
• 6:52
  billion dollars. So once they actually get it up
• 6:55
  to 1% and like everyone else says, you know, 5 to 10%, it
• 6:59
  really just goes to show that all of us, you know, average
• 7:02
  Bitcoin, there's all the plebs out there.
• 7:04
  Like we're not going to be doing as much damage as these
• 7:07
  institutional managers are when they're going to just put a
• 7:09
  little portion of their holdings in the Bitcoin.
• 7:12
  And like we noticed, I know, like we've been covering the
• 7:16
  ETFs all year. And at this point, I think we're
• 7:18
  all tired of the ETFs. But I think it is a very
• 7:22
  historical point in the Bitcoin story.
• 7:25
  Obviously, as we've we've shown this year, it's it's become the
• 7:29
  best performing ETF ever out of anything ever.
• 7:33
  And I think that just goes to show that there is a huge market
• 7:36
  for Bitcoin. Obviously, more people are
• 7:37
  waking up to the idea that they need to hold some Bitcoin.
• 7:40
  But the last week, man, it's actually incredible how much
• 7:43
  money has been flowing into these ETF ETF's.
• 7:45
  Obviously as a Bitcoin maxi, a spot maxi here, we need all that
• 7:51
  money to eventually flow into the spot Bitcoin.
• 7:53
  Obviously, I'm not saying that they're not actually holding
• 7:56
  that Bitcoin, but once we get these really well off
• 8:00
  individuals holding Bitcoin directly, I think that's when
• 8:03
  the game's really going to change.
• 8:04
  But man, I think I think we're going to see some incredible
• 8:09
  amount of purchasing into these ETFs in 2025.
• 8:12
  And it really kind of just goes to something I've been saying on
• 8:14
  the show for a while that Q4 of this year and of course, the
• 8:18
  beginning of 2025, or rather all of 2025, we're going to see the
• 8:21
  biggest names in the world start to adopt Bitcoin.
• 8:24
  And if you're not paying attention to Bitcoin like we do
• 8:27
  every single day and you're just like a normie on the street,
• 8:30
  these are some big buy signals for them.
• 8:32
  It's like, oh, wait, all of the biggest institutional managers
• 8:34
  in the world have exposure to Bitcoin.
• 8:36
  Maybe I need to buy some Bitcoin here.
• 8:38
  And that signal hasn't even spread out to what do you call
• 8:41
  it to Main Street yet, but it's getting there.
• 8:44
  So I think that the mainstream consciousness around Bitcoin and
• 8:49
  the perspective of Bitcoin is changing.
• 8:51
  And once that really happens, it's this like we might be
• 8:55
  seeing the Omega candle, you know, the the fabled Omega
• 8:57
  candle is coming soon enough. But it's really crazy how
• 9:01
  quickly the sentiment around Bitcoin has changed in 2024.
• 9:05
  And again, I've been saying all year, the 2024, at least in
• 9:08
  Bitcoin terms, seems to be the year where we lay down the
• 9:11
  foundation for a really incredible price move and the
• 9:15
  adoption of Bitcoin on a global level, which we've been covering
• 9:18
  all year. A. 100% And of course, Mr.
• 9:22
  Chenow, we have Mr. Chenow in the house.
• 9:24
  How you doing, John? How's life?
• 9:26
  I'm doing. Great.
• 9:27
  What are your thoughts? I'm.
• 9:29
  Doing great. It's good to be with you guys.
• 9:32
  Yeah, I couldn't agree more. I mean, I'm not much of A macro
• 9:36
  guy. I don't I'm not like a real like
• 9:41
  in in the weeds finance, finance guy.
• 9:43
  But you know, the the ETFs, the news just to me all as as long
• 9:52
  as people are talking about Bitcoin and looking at it.
• 9:55
  I mean, our philosophy has always been like Bitcoiners have
• 10:00
  the cards, we have the hands, Bitcoin is what it is.
• 10:06
  It is the most high quality digital asset, most high quality
• 10:09
  money. And so it's just a matter of
• 10:11
  time for that before people find out about that and start
• 10:16
  realizing and start actually allocating their resources
• 10:21
  accordingly. So, you know, it's just
• 10:24
  confirmation that we've got the thesis kind of playing out.
• 10:29
  I like the shout out that I'm Matt Odell's brother.
• 10:34
  I like that. Yeah.
• 10:35
  Yeah, we're brothers from another mother for sure.
• 10:39
  Another thing I wanted to. To.
• 10:41
  To mention just by chance, John and I are both wearing camo hats
• 10:47
  and that is because we're hunting bears out there.
• 10:49
  So if you are a bear shorting Bitcoin right now, we are coming
• 10:53
  for you. This is camo hat time.
• 10:56
  We are hunting bears in the chat.
• 10:59
  Oh, man, oh man. All right, everybody.
• 11:01
  Well, before we jump into the numbers, lots to unpack Today.
• 11:04
  We're going to talk to Mr. Chanel about citadeltheory.com,
• 11:09
  and we have a lot of news also to unpack.
• 11:12
  Let's let's go through some of the subjects, shall we?
• 11:15
  So first, of course, a theme, a long theme of the show that
• 11:18
  we've been talking about for quite a while, which is this
• 11:20
  idea of the disintermediation of information enabled by the
• 11:24
  Internet, of course. And then also this.
• 11:28
  Very cool. Interesting tweet dropped by Joe
• 11:31
  Carlisari, which we're going to talk about later today.
• 11:34
  So guys, we have a jam packed show, lots of content.
• 11:38
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  All right, everybody, let's hit the numbers.
• 12:53
  Lots to talk about. All right, everybody, I do want
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  At the time of recording, the Bitcoin price is $68,790.00
• 14:17
  SAT's per dollar 1450 four block height 866,217 Realized monetary
• 14:26
  inflation 1.29% market cap 1.36 trillion Bitcoin versus gold
• 14:32
  market cap 7.21% money supply 19,769,211 BTC percentage issued
• 14:41
  94.14%. In the grand scheme of things,
• 14:45
  we are just getting started anyways.
• 14:49
  Excuse me, moving on to the next, the today's piece of news,
• 14:55
  the thing that I wanted to cover today, which is this interesting
• 14:59
  tweet by Turdemester. Turdemester is like a Bitcoin O
• 15:04
  GS been in the industry for quite a long time.
• 15:07
  This guy's been telling people to buy Bitcoins since it was
• 15:10
  like under $100 and making the case that Bitcoin is becoming a
• 15:14
  major catalyst for this paradigm shift, enabling fuel for for one
• 15:19
  and escape for the other. And Naval is referencing what I
• 15:25
  would call a theme that we've been talking a lot about on
• 15:28
  simply Bitcoin, which is this idea of the great distance
• 15:31
  remediation enabled by the Internet.
• 15:34
  This is a theory that the book The Sovereign Individual is
• 15:38
  talking about it where they make the case that we are, we are
• 15:42
  transitioning from the kind of the 20 for the 20th century, the
• 15:48
  21st century. We're transitioning into the
• 15:51
  what they call the information age and the information age.
• 15:54
  Of course, a lot of that is enabled by the power of the
• 15:57
  Internet and that's going to essentially enable two things,
• 16:00
  the disintermediation of information and the
• 16:03
  disintermediation of information, information and
• 16:08
  money. So Naval is tweeting.
• 16:11
  He says people who live on X and people who watch the news are
• 16:15
  living in two completely different worlds.
• 16:18
  So true. I mean, think about it.
• 16:21
  If you're watching the news, you're outsourcing research to
• 16:25
  another person. If you're getting your news from
• 16:28
  X or if you're getting your news from Noster, or if you're
• 16:31
  getting your news from independent content creators, in
• 16:33
  a way, you're doing your own research.
• 16:35
  You're picking and choosing what information you choose to
• 16:39
  consume and what information you choose not to consume.
• 16:42
  And I think what the rise of independent media has shown is
• 16:47
  that the people that are telling the news on TV aren't exactly
• 16:51
  honest all the time. And the reason that I think it's
• 16:56
  so important is because I think Bitcoin in a way really kind of
• 17:01
  represents this. Also, because you have the
• 17:05
  official like the way that they phrased the news and the way
• 17:08
  that they like try to convince everyone to continue consuming
• 17:11
  the news versus doing your own research is they say like, you
• 17:16
  know, the independent media is misinformation.
• 17:20
  The independent media is is propaganda.
• 17:22
  You can't trust the independent media.
• 17:24
  That's one of that's a lot of the things that they say.
• 17:26
  They'll say that over and over again.
• 17:27
  But here's the thing, the exact opposite.
• 17:31
  It seems like it's come, it's it's happening.
• 17:33
  And if you see, they kind of talk about Fiat in the same way.
• 17:37
  Like Fiat is the official money, Fiat is the money of the people,
• 17:42
  Fiat is the public money. But if you compare Fiat with
• 17:46
  Bitcoin, it kind of tells you the exact opposite.
• 17:49
  Like can could anybody just print Fiat?
• 17:52
  No, you go to jail. Can you audit your central bank?
• 17:56
  No, You probably go to jail for that too.
• 17:59
  Could anyone just print Bitcoin? Yeah, technically, yes, you can.
• 18:04
  Just you can plug in a miner. You could print some Bitcoin,
• 18:07
  Right? But you have to pay.
• 18:08
  You have to pay for the electricity cost.
• 18:10
  Could you audit the Bitcoin blockchain?
• 18:12
  Yeah, technically you could do that.
• 18:14
  What sounds more private and public to you?
• 18:16
  Also, Fiat is inflationary. It constantly loses purchasing
• 18:21
  power over time. Bitcoin is deflationary.
• 18:23
  It constantly increases in purchasing power over time.
• 18:27
  So it's like like the official sources are like hiding behind
• 18:31
  these official emblems and like, you know, the dollar has like
• 18:35
  old men on it. Like you got to trust the old
• 18:37
  guy on the dollar. It makes it look official,
• 18:39
  right. And this Bitcoin thing is like
• 18:42
  the powered by memes. Like what the fuck is this shit?
• 18:45
  It's like, it's not official, but it's all like a fugazi.
• 18:49
  It's, it's all bullshit because if you actually look behind the
• 18:53
  curtain, they're just printing money like this, this, it's just
• 18:56
  paper, right? If you look behind the curtain,
• 18:59
  behind the official emblems of ABC and CBS, you're looking
• 19:04
  behind that and you're like, wait a second, are they like,
• 19:07
  are they manipulating the news? Are are they selectively editing
• 19:11
  certain interviews? Like, like, why is it that the
• 19:15
  guy talking about DMT and smoking weed with Elon Musk is
• 19:19
  being more authentic and honest than then these official news
• 19:24
  sources? Like what's going on here,
• 19:26
  right? So all it takes is a little bit
• 19:28
  of critical thinking and honestly some common sense and
• 19:32
  you come to a realization that, wow, you know, independent media
• 19:37
  and independent money is the future.
• 19:40
  And by the way, the data seems to be backing up business as
• 19:43
  well. The recent article from Gallup,
• 19:46
  Americans Trust in media remains at a trend low.
• 19:51
  Here's the data. Now I want to point something
• 19:53
  out to you guys. You know, it seems like this
• 19:56
  trend started to change around the year 1972.
• 20:01
  What I got to say that I got what I got to say as a bitcoiner
• 20:04
  is what the fuck happened in 1971 anyways?
• 20:07
  So the numbers just keep going down, right?
• 20:10
  The percentage of Americans that trust in media is that 31%.
• 20:14
  I don't even know how it's that fucking high to be honest.
• 20:17
  And then of course, and then it makes sense, right?
• 20:24
  Why people like Joe Rogan and people like Russell Brand and
• 20:28
  people like Tucker have garnered such large, massive audiences.
• 20:33
  Like it starts to make sense now.
• 20:35
  And why are people choosing to get their news off of X?
• 20:40
  Why are people choose choosing to get their news off of
• 20:43
  independent media? Well, it just seems like they're
• 20:46
  telling us the truth. Like that's like my, that's my
• 20:49
  perception of it. So anyways, this is something
• 20:53
  that we've been talking about, this general theme, I call it
• 20:57
  the great distance remediation. I think it's a great trend.
• 21:01
  But I mean, you hear Hillary Clinton talking about this, you
• 21:03
  hear John Kerry talking about it.
• 21:06
  It's a problem for them, right? If you're a government, you've
• 21:10
  been used to controlling the narrative through the handful of
• 21:13
  legacy media outlets. There was that, like one editor
• 21:16
  that you can call and say, hey, you know what?
• 21:18
  I'm not going to invite you to the presidential gala if you
• 21:21
  don't pull down that article that makes us look bad, right?
• 21:25
  You know, if you don't report on the war that's happening
• 21:28
  positively, you're not going to be invited, bro.
• 21:32
  But that's a lot more difficult to do when it's millions upon
• 21:35
  millions of individuals talking amongst each other, which is
• 21:39
  what social media is, mass scale peer-to-peer communications.
• 21:43
  But you, what you guys should pay attention to is what that's
• 21:47
  going to enable. So information is what we're
• 21:50
  going through right now. It's disintermediating in front
• 21:52
  of our eyes. You see them pushing back, you
• 21:55
  see them trying to shut down X. You see them attacking Rumble.
• 21:58
  You see them attacking the alternative media sources that
• 22:02
  are not, that are no longer alternative.
• 22:04
  They're the primary media sources and what's coming and it
• 22:08
  hasn't happened yet, but it's like it's perfectly being set up
• 22:12
  is the next jump, which is when people are questioning the the
• 22:18
  official media sources, people are going to start questioning
• 22:21
  the official money. And I think.
• 22:23
  That's going to be a bigger problem for the people that want
• 22:27
  to control or better said, let me put it this way, for the
• 22:30
  people that think they know what's best for you, for the
• 22:33
  people that think that they know how to manage your life better
• 22:37
  than how you would be able to manage your own life.
• 22:40
  So anyways, that's my 2 stats on that.
• 22:44
  It's obviously incredibly bullish Opti.
• 22:46
  How how long have we been covering this topic for like at
• 22:49
  least like two or three years. It's so.
• 22:51
  When we. Come.
• 22:53
  Yeah, and, and Nico, it's funny, when we first started covering
• 22:56
  it, everyone's like, what does this have to do with Bitcoin?
• 22:58
  And it's like, guys, first of all, Bitcoin is speech, you
• 23:03
  know, money is speech. And second of all, what's the
• 23:06
  quote you always say, Nico, if you can't speak freely, what
• 23:09
  makes you think they're going to let you transact freely?
• 23:11
  So it's definitely all intertwined.
• 23:13
  And I do want to answer one of your questions, Nico, because we
• 23:16
  do have the data. You asked who is still watching
• 23:18
  the television. And I'm going to get the
• 23:20
  tomatoes here because it everyone knows what it is.
• 23:23
  It's the boomers. Literally, the Boomers are the
• 23:25
  only ones still watching television.
• 23:27
  And actually, I do want to give a hat tip to my boy Nolan out
• 23:31
  there, you know, count. B Not all, Not all the boomers,
• 23:34
  though, because we got some badass boomers.
• 23:36
  There's some badass Bitcoin. Boomers, bro, there's some good
• 23:39
  boomers, but still I'm still going to blame the boomers.
• 23:41
  They're they're. But I don't blame them, dude.
• 23:45
  I don't blame them. They grew up.
• 23:46
  They grew up with that, you know?
• 23:48
  This is my next point, and this is this is tying into my next
• 23:51
  point. And this is how Nolan always
• 23:53
  says, it's like, look, when you're arguing with Fiat Maxis
• 23:56
  out there, when you're arguing with people that are just so
• 23:59
  ingrained with the propaganda machines, like you're not
• 24:02
  necessarily even arguing with like real people.
• 24:05
  It's like you're arguing against the television and they've been
• 24:08
  fed, you know, they're talking points and it's just sound
• 24:11
  bites. And so no amount of facts or
• 24:14
  logic will change their minds about what the truth is because
• 24:18
  the television says so. And again, it's Orwellian at
• 24:21
  this point. If the television doesn't tell
• 24:23
  them facts or quote UN quote facts, then they don't believe
• 24:25
  it. For some reason, people still
• 24:27
  believe that just because if it comes out of the television,
• 24:29
  it's truth. When we've been exposing this
• 24:31
  constantly, if it comes out of the television, it's most likely
• 24:34
  propaganda. Hence why we like to joke.
• 24:36
  Well, rather, I like to joke about the fact that we are
• 24:38
  propagandists out here in the best way possible.
• 24:41
  But one step, Nico, that I find very interesting because you
• 24:45
  were talking about the money printing and we haven't covered
• 24:47
  it this week, but there's a crazy stat that just came out
• 24:51
  that basically the US government has printed half a trillion
• 24:55
  dollars in the last three weeks. It went from.
• 24:57
  It went from printing a trillion dollars every 90 days, I
• 25:01
  believe, to now they're printing at least this last batch of
• 25:04
  printing, you know, 500 billion in the last three weeks.
• 25:07
  So it seems like the Fiat apocalypse is accelerating
• 25:10
  quicker and quicker and they have to continue to inject more
• 25:12
  capital into the system to keep it going.
• 25:14
  And let's not forget the reason there's a connection not only
• 25:17
  with Bitcoin and speech, but Fiat and speech and why they
• 25:21
  have to control the propaganda machines or the corporate press
• 25:24
  out there is a guys, remember what Fiat means.
• 25:26
  It literally means by decree. It is backed by the government
• 25:31
  lies and the government narrative.
• 25:33
  And that's what it is. It's literally the government
• 25:35
  says so. And this is what your money is.
• 25:37
  And this is what we're battling. This is what we battle every
• 25:40
  single day is. We're battling against the
• 25:41
  television. We're battling against, you
• 25:43
  know, the trillion dollar sign up campaign to keep you in the
• 25:46
  box and make you deaf, dumb and blind.
• 25:49
  But as we're showing with the data, people are waking up at
• 25:52
  least a younger generation. We're out here doing our own
• 25:54
  research. We're noticing the patterns,
• 25:56
  we're seeing the lies, and the game is starting to come to a,
• 26:01
  to a, you know, a crescendo and the jig is starting to come to
• 26:05
  an end. But who knows how long they can
• 26:07
  kick the can down the road. But it seems like critical
• 26:10
  thinking is back on the table and you just love to see it.
• 26:13
  100% John, what's your take on this man?
• 26:15
  I'm sure you see it too, Opti. How are my mic levels by the
• 26:19
  way? You're you're doing all right.
• 26:21
  You are peaking a little bit. So just don't yell too much and
• 26:24
  I'll and I'll fix it on the end of the show, but I.
• 26:26
  I gotta yeah. I gotta tinker with it a little
• 26:28
  bit. John, so what's your take on all
• 26:30
  this? I'm sure that you see it as
• 26:32
  well. You know, you see this, this
• 26:34
  trend, right, where it's like people, it's like two different
• 26:37
  worlds, two different realities. There's the reality of people
• 26:42
  that are consuming, you know, information on X, doing your own
• 26:46
  research, and then people that for whatever reason, they're
• 26:49
  still watching CNN or, you know, one of those networks.
• 26:54
  Yeah, absolutely. I think and it's very real like
• 26:56
  this is how our reality is actually created is through our
• 27:00
  perception. Like we often times a lot of, a
• 27:04
  lot of people go through life thinking that everything is
• 27:07
  happening outside of them and that they are just a
• 27:10
  participants or, or someone who's like reacting to
• 27:15
  everything around them. But in reality, we're Co
• 27:18
  creating our, our reality, our existence and, and the world we
• 27:22
  live in. And that's what, you know, the
• 27:24
  CIA realizes, that's what the government realizes.
• 27:28
  That's what the media companies realize.
• 27:30
  And and that means that they're trying to shape people's
• 27:36
  perception of reality so that they can then guide current
• 27:41
  guide massive events. And so if you don't actually
• 27:47
  take ownership of your own perception of your own reality
• 27:50
  and what what you're paying attention to, then you're going
• 27:54
  to be LED astray. And you're going to be told
• 27:56
  you're going to be sold to build goods.
• 27:58
  You're going to be told what is true.
• 28:01
  You're going to be told what what is most important,
• 28:04
  especially so, you know, we're coming from this old age where
• 28:11
  the things that are the most important to focus on, the
• 28:13
  things that are that are the best are all determined from the
• 28:19
  top down. We have we we're in this old
• 28:23
  paradigm. We've got the experts, the
• 28:25
  certified, you know, doctors or scientists and, and the
• 28:31
  certified media companies. They're all kind of telling us
• 28:34
  what to believe and what is best from the top down.
• 28:39
  But obviously that's now being blown out of the water.
• 28:43
  And the reality in which we live is it's much more of an even
• 28:48
  playing field. And everyone has to kind of seek
• 28:51
  out the truth for themselves. They have to use their own.
• 28:56
  They can't rely on the centralized resources anymore
• 29:00
  and it's taking a lot of long time for these people to realize
• 29:03
  that. But that's just the reality in
• 29:07
  which we live now. The Internet has has connected
• 29:11
  people on an information level in this way to where you can
• 29:15
  communicate so quickly. So that's up to now.
• 29:22
  The individual has the power to see to to actually seek out
• 29:28
  truth and then think about what what kind of world they want to
• 29:33
  create for themselves and then also kind of see like where
• 29:38
  where they want to steer clear of.
• 29:41
  So yeah, I think about I think about a lot.
• 29:44
  You know, a couple things come to mind.
• 29:46
  Like one of them is you're bringing up the sovereign
• 29:49
  individual like some one of the things that they focus on, one
• 29:56
  of the quotes in that book that I was thinking of when you
• 29:59
  brought it up was that is actually on like central on my
• 30:03
  website. But it's the in the future, one
• 30:06
  of the milestones by which we measure financial success won't
• 30:10
  be just how many zeros you have to add to your net worth, but
• 30:15
  whether you can structure your affairs in a way that enables
• 30:18
  you to realize full individual autonomy and independence.
• 30:22
  So that's the old paradigm where it's like, oh, you've got like
• 30:27
  you got all the things, you've got the money in your bank,
• 30:30
  you've got the house and that's, that's your status and that's a
• 30:34
  fame and everything like that. So that's the old paradigm.
• 30:37
  But now we're moving into this new realm where all those things
• 30:41
  are becoming less and less valuable.
• 30:44
  The money in your bank account. Actually, it can be created very
• 30:49
  quickly by, by, by a certain, you know, group of people,
• 30:54
  right? So 100% with Bitcoin now, it's
• 31:00
  it's taking us out of that old paradigm and putting us actually
• 31:03
  in a nature, it's reconnecting us to natural forces and having
• 31:07
  that be the actual paradigm. Beautiful.
• 31:11
  Wow. Oh dude, man, John's put some
• 31:13
  some thought into it and I love it.
• 31:15
  And it just this primes it for the culture segment.
• 31:18
  We're going to talk more about the Citadel theory because all
• 31:20
  these things combined, like all these things are interconnected
• 31:23
  with what John was just talking about.
• 31:25
  And I saw a really interesting comment that Opti pulled up and
• 31:30
  I want to actually pass it on to John and get John get your
• 31:32
  thoughts on it. So Jaimesito said Bitcoin showed
• 31:36
  us that it's all BS. I think that's a very
• 31:39
  interesting topic because I didn't really open my eyes until
• 31:46
  I didn't really open my eyes on money until I switched to a
• 31:51
  Bitcoin standard, right? I came because I thought I was
• 31:53
  going to get rich. And then I was like, well, like
• 31:57
  there's, there's, there's devils to this, right?
• 31:59
  Like I could actually make leave the world a better place than
• 32:01
  what I found it just by adopting a Bitcoin standard.
• 32:05
  And then that made me question a bunch of things and where I'm at
• 32:08
  right now in my rabbit hole journey is like, I'm well past
• 32:13
  the question, what is money? That's been answered in my head.
• 32:16
  Now I'm on the level of like, what is government, right?
• 32:19
  Like that's, that's like the question that I'm constantly
• 32:22
  asking myself, like, what is the role of government?
• 32:25
  Should the government really be doing this?
• 32:28
  Why is their role so big? Why do they care what people are
• 32:32
  saying? Should they really be in the
• 32:34
  like? Should they really be in a
• 32:36
  position where the government is dictating what speech is OK and
• 32:40
  what speech is not OK because that's essentially what some
• 32:43
  politicians are saying. And I think that's a history has
• 32:46
  shown that's a very slippery slope.
• 32:49
  So I'm going to pass it on to John.
• 32:50
  Like how much do you think Bitcoin has played in what role
• 32:55
  do you think Bitcoin has played in, in waking people up to this?
• 32:59
  Like mass control? That sounds conspiratorial the
• 33:03
  way I phrased it, but like it really is that way.
• 33:06
  Like if you're on a Fiat standard, like you are operating
• 33:09
  in a control system, right? Like you're in the matrix, bro.
• 33:14
  I think if you have Bitcoin in self custody and you feel the
• 33:17
  sovereignty, you really feel it because there's a, there's a
• 33:20
  spiritual component to Bitcoin. There's an emotional component.
• 33:23
  I sound like a crazy person, but I promise you like switch to a
• 33:26
  Bitcoin standard at least for six months and you will start
• 33:29
  feeling these benefits, benefits like there is nothing but you.
• 33:35
  You feel empowered as an individual when you have Bitcoin
• 33:38
  and self custody. So John, I want to get your
• 33:40
  thoughts on that. Yeah, absolutely.
• 33:44
  Man, I, I truly believe that this is, that's one of the most
• 33:49
  important spiritual questions that anyone can ask.
• 33:53
  Like when you're, when you're saying like, what is the role of
• 33:56
  government? What, what, what is government,
• 34:00
  what role they play in our society?
• 34:02
  You know, for a lot of people in our world, in our society, the
• 34:06
  government is God like they are, the government is the prime
• 34:12
  authority that everyone must, must obey.
• 34:14
  And that's just the assumption that that everyone kind of
• 34:17
  starts with. And I think one of the reasons
• 34:21
  for that is because people are disconnected from God and from
• 34:26
  their own, like their actual connection to God, which I
• 34:31
  believe comes through your soul kind of making value judgments
• 34:37
  and, and choosing and interacting in a pure way with
• 34:42
  your environment and, and actually being conscious of
• 34:46
  that. Like that's, you know, we can
• 34:49
  get into the divine logos like Jesus message.
• 34:54
  I was like, I have like a big theological background, but to
• 34:59
  me that's the essence of like God with us is in our hearts.
• 35:04
  We have the ability to make value judgments and we and
• 35:10
  that's kind of how the spirituality of money of of all
• 35:16
  these decisions and and even economics comes into play.
• 35:21
  So if you don't have, if you don't recognize that that's your
• 35:26
  responsibility that you have just within you and that no one
• 35:32
  else can, no one else can take that away from you.
• 35:37
  Like that's your connection to God within your own soul.
• 35:43
  We've, we've kind of been brainwashed to think that, well,
• 35:49
  that might be cute. Like God is something that maybe
• 35:52
  you, you go and do during the Sundays or it's something you do
• 35:58
  at church or something like that.
• 35:59
  But no, this is everyday reality.
• 36:03
  How we're living in the world is, is connected to that.
• 36:08
  So if God is not there as, as a primary authority, then people
• 36:14
  are going to replace it with something.
• 36:16
  And, and so that's, that's just natural idolatry.
• 36:19
  Like, so since we're, that's how we are as like creative beings,
• 36:24
  as like social beings, we, we need to, we're these animals who
• 36:28
  want to find like the greatest source of reliability and, and
• 36:32
  of, of authority. And so if we're told like, well,
• 36:37
  that's what the government is and that's what we're going to
• 36:39
  rely on. So it's whether it's the
• 36:42
  government, whether it's like the other institutions that
• 36:47
  we're told are the most important, that's what we're
• 36:52
  that's what we're going to rely on.
• 36:54
  And so for Bitcoin, it bitcoins blowing all that out of the
• 36:57
  water, because what most like the most important thing of a
• 37:02
  society is the money. That's what is connecting
• 37:05
  everyone together on value level.
• 37:08
  So I would say that like the most spiritual aspect of any
• 37:11
  society is the money. So if the money that a society
• 37:16
  is using is corrupted, it's able to be corrupted, then it's going
• 37:21
  to be like that. Society itself is going to be
• 37:24
  fundamentally flawed and the civilization is is going to be
• 37:27
  at risk 7. 100%. Yeah.
• 37:31
  So with Bitcoin, it's reconnecting the money to
• 37:35
  natural forces. We're not no longer relying on
• 37:38
  the government to say I decree, we say this is valuable and we
• 37:42
  can we can have our central bankers print as many of it, as
• 37:46
  much of it as we want and give it to whoever we want and
• 37:50
  extract value from our society whenever we want.
• 37:54
  We're saying no, that's determined by God.
• 37:58
  Like natural forces need to need to take take place in order for
• 38:05
  this money to be created. And, and so that's kind of
• 38:11
  reconnecting society on on this massive level back to yeah,
• 38:18
  natural forces. So.
• 38:20
  No, I, I, I completely agree man.
• 38:22
  I completely. God W God.
• 38:24
  It's a, it's a very, very interesting conversation.
• 38:27
  So like, first of all, like I think Fiat money allows human
• 38:32
  beings to kind of be disconnected from reality
• 38:35
  because it allows like the power of the money printer is very
• 38:39
  powerful. So and there's no nothing
• 38:41
  anchoring it, right? And Bitcoin is anchored to
• 38:44
  reality via proof of work. So it's anchored like it, it's
• 38:47
  anchored via energy and Fiat isn't.
• 38:50
  And one of the things that you mentioned too, which I think is
• 38:52
  really interesting, there's this idea of like, and, and you see
• 38:55
  this with like like communistic societies as well, right, where,
• 38:59
  you know, they'll say, you know, this is this is atheistic,
• 39:02
  right? We don't, we don't have a
• 39:04
  religion, but like the ideology, the political ideology itself is
• 39:09
  the religion, right? Like that.
• 39:10
  It's like it's a it's a non theistic real religion that
• 39:15
  takes the place of religion itself, right, which is very,
• 39:18
  very interesting. And I think that, you know, in a
• 39:21
  world where government is all powerful, powered by Fiat,
• 39:25
  right, Bitcoin kind of comes along and it's like it it, it
• 39:30
  kind of gives you a way out. And you know, some people find
• 39:35
  that spiritual, some people may not find that spiritual, but it
• 39:38
  is very interesting, like what it does because it kind of frees
• 39:42
  you from that like old way of, of looking at the state.
• 39:47
  Very, very interesting topic. Anyways, guys, we are going to
• 39:51
  move on to the new segment. We're going to talk about a
• 39:54
  continuation of of a theme really in today's show.
• 39:56
  It seems like it we kind of do this.
• 39:58
  We, we never planned this, but it seems like it always happens.
• 40:01
  But Joe Kawasari dropped a. A a tweet that I found really
• 40:05
  interesting and of course, Joe color star has a a a legal
• 40:08
  background and he's talking about the fact that he believes
• 40:12
  that today's Supreme Court would likely find a six one O 2 order
• 40:17
  unconstitutional. So we're going to explore that.
• 40:19
  We're going to talk about it. So stay tuned.
• 40:21
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• 42:36
  Anyways, let's get into today's show.
• 42:38
  And of course, you could scan the QR code or check the link in
• 42:40
  the video description. All right, so I do want to talk
• 42:44
  about this like kind of like open discussion because we're
• 42:47
  we're we're seeing this talked about and I'm going to connect
• 42:50
  this with a report that was dropped by NY Dig somewhat
• 42:56
  recently. And they were making the case
• 42:58
  that bitcoins protected under the 1st Amendment.
• 43:02
  So here's Joe Joe Carlos already says, make no mistake, today's
• 43:06
  US Supreme Court would likely find any 61O2 style executive
• 43:10
  order unconstitutional. This court prioritizes
• 43:14
  individual property rights, economic liberty, and rejects
• 43:17
  overly broad government seizures like those of the 1930s.
• 43:21
  So let's talk about this. I think it's a continuation of
• 43:24
  what we were talking about during the numbers segment, to
• 43:27
  be honest. But yes, I, I think that there
• 43:31
  is going to be an inevitable clash between the way of the old
• 43:37
  world and the new world. And we're starting, we see that
• 43:40
  with media obviously, but I think we are going to start to
• 43:44
  see that with money as a larger and larger percentage of the
• 43:49
  population start to opt out of state money and start to opt out
• 43:54
  into, to use Blackrock's own words and alternative non
• 43:58
  sovereign currency, which of course is Bitcoin.
• 44:01
  Now I think what happened in Nigeria is, is a really
• 44:05
  interesting case study and I think it's a little bit of a
• 44:07
  foreshadowing. So what happened in Nigeria was
• 44:10
  the Nigerian government that their local currency is called
• 44:13
  the Naira and they rolled out a central bank digital currency
• 44:18
  like most countries are are are planning to do.
• 44:21
  Problem is that the NIRA, the E NIRA, which is the CBDC of the
• 44:25
  of the NIRA wasn't adopted. And what was being heavily
• 44:30
  adopted and is still heavily adopted is alternatives.
• 44:34
  So specifically stable coins like Tether and the Coinbase,
• 44:38
  the USUSTC or whatever, and of course, Bitcoin.
• 44:43
  And what they did, what the Nigerian government did was they
• 44:47
  actually shut down Binance and they locked one of the Binance
• 44:53
  executives in prison and he's still in prison.
• 44:57
  And essentially what that tells me is instead of the government
• 45:02
  basically saying like, oh, fuck, like we should probably like not
• 45:06
  debase the currency because debasing the currency is just
• 45:10
  going to incentivize people to seek alternatives.
• 45:13
  They would rather blame the off ramp and they would say, no, no,
• 45:17
  the off ramp is what's causing this Fiat to be unstable.
• 45:22
  It's not our fiscal policy. It's the on ramps
• 45:26
  responsibility. Now you're saying, OK, but Nico,
• 45:28
  that's happening in Nigeria. What the fuck does it have to do
• 45:31
  with anything? It has everything to do with
• 45:32
  everything. Look at how they're treating X.
• 45:35
  Look at how they're treating Rumble.
• 45:37
  Right. These are alternative media
• 45:38
  sources. Look at how they're treating our
• 45:40
  industry. Arthur Hayes, CZ, the Samurai
• 45:45
  Wallet developers, the Tornado Cash developers, they all went
• 45:49
  to like all these things, all those guys.
• 45:52
  So all those guys went to prison, right?
• 45:55
  Look at what they did with TD Bank.
• 45:57
  TD Bank got a slap in the risk in a fine and they just see it
• 46:00
  as like the cost of doing business.
• 46:02
  They didn't go to prison, right? So like, clearly, I think
• 46:07
  there's a little bit of foreshadowing there.
• 46:09
  And if you just use a little bit of common sense in game theory,
• 46:13
  the US government gets a tremendous amount of power from
• 46:16
  being able to print its own money and weaponize that money.
• 46:20
  So that's what US sanctioned policy is.
• 46:23
  And think about the US government's yearly budget, how
• 46:28
  much money they spend, how much people they employ.
• 46:31
  Did you guys know that the US government is the largest
• 46:34
  employer in the world, right? I think the employee, if you
• 46:37
  include contractors, it's like 17 million people.
• 46:40
  It's insane, right? How are they able to afford all
• 46:44
  of that? Well, they have the money
• 46:45
  printer because if it was just via revenue, via taxation, EU.
• 46:56
  So how they how able to spend money they didn't have, they
• 47:02
  were able to print that different and it becomes a
• 47:07
  threat to them. I think they can coexist.
• 47:11
  But if you have 60% opting out and choosing to use Bitcoin
• 47:17
  because it's a superior form of money, then to print printing,
• 47:27
  go ahead. You, your, your Internet, you.
• 47:31
  You're getting caught in the matrix right now for me.
• 47:34
  Yeah, same, but. I think you might keep on my
• 47:36
  back. I think you might back.
• 47:38
  All right. They cut out this this French
• 47:42
  Internet anyways. Yeah, redo.
• 47:44
  Those made it rant. All right, so, OK, so let's
• 47:49
  let's say what was the last thing you hear me?
• 47:50
  You heard me say. I don't know, dude, you got
• 47:53
  lost. You got lost something.
• 47:54
  Yeah, I don't know. Just just go where you were
• 47:56
  going anyways. So.
• 47:59
  The boy, the TLDR is that Bitcoin is AI believe is going
• 48:07
  to to a funding mechanism that the government has been using
• 48:15
  for a very long time and not only a funding mechanism, but
• 48:19
  also a control mechanism as well, right.
• 48:22
  So the, a lot of the, a lot of what I believe you'll start to
• 48:27
  see is Bitcoin is a threat to government, Bitcoin is a threat
• 48:32
  to democracy, Bitcoin is a threat to social stability.
• 48:36
  Bitcoin is a threat to fiscal policy.
• 48:40
  You're, you're going to start to hear those messages.
• 48:42
  In fact, you've been hearing those messages.
• 48:45
  What the, if you translate them, what they actually mean is that
• 48:51
  Bitcoin is a threat to the existing system.
• 48:55
  So Bitcoin is a threat to system uses the money that steals from
• 49:02
  people. That's the reality.
• 49:04
  And Bitcoin is a threat to that because it gives them the
• 49:06
  ability to opt out of that said system.
• 49:09
  So I think eventually there is going to be a clash.
• 49:13
  I don't know when that clash is going to happen.
• 49:16
  Opti and I were predicting that Bitcoin was going to enter the
• 49:18
  political discourse by 2028. It happened a lot sooner,
• 49:22
  happened in 2024. So I don't know when that
• 49:26
  happens, but I think that is inevitably going to happen
• 49:31
  because I just don't think that it it's it's a system that that
• 49:35
  can coexist in my opinion. I think it could coexist for a
• 49:40
  little bit, but it's going to definitely put it on the, the on
• 49:46
  the Fiat system because it's like like, OK, so the reason
• 49:53
  that they're able to print so much money is because so much
• 49:55
  people are so many people are using the dollar.
• 49:58
  But what like instead of the world using Bitcoin, then they
• 50:07
  and they can't print for all the things they're printed.
• 50:09
  They're they're paying for. They can't pay for all the
• 50:11
  things they're paying for right now.
• 50:13
  So. And of course, instead of
• 50:15
  looking from within and using a little bit of critical thinking
• 50:18
  and being like, all right, I take personal responsibility.
• 50:20
  We printed too much money. We we lived in excess and
• 50:24
  decadence. Maybe you know it.
• 50:30
  It's sometimes it's very difficult, a lot easier to use a
• 50:34
  scapegoat. It's a lot easier to blame
• 50:36
  something else rather than your own actions, right.
• 50:40
  So, yeah, I mean, I think that this is something that happens
• 50:44
  inevitably. I think that this is this is
• 50:47
  going to be a inevitable clash anyways.
• 50:51
  Opti, what's your take on this? Yeah.
• 50:53
  Well, first of all, Nico, I think maybe refresh your browser
• 50:56
  and try to come back in or I don't know, maybe it's going to
• 50:59
  make it worse, I don't know. Well.
• 51:00
  Maybe we shouldn't be. OK, all right, so my, my
• 51:04
  thoughts on this. First of all, I I love Joe's
• 51:08
  optimism on this. You know, he's got a he's got a
• 51:12
  better handle on legal matters than I do and you a lot better
• 51:16
  now. So, you know, I love Joe's
• 51:19
  optimism in in this regard. And I think when you kind of
• 51:22
  really look look at the numbers, the Supreme Court currently is a
• 51:26
  lot more conservative. It's got, you know, a six three
• 51:29
  Republican lead there, you know, majority.
• 51:32
  And I think it it probably according to what Joe was
• 51:36
  saying, if they're still kind of abiding by the things that they
• 51:39
  believe in, like he was saying, you know, property rights and
• 51:41
  and, and the like, I think he's right.
• 51:44
  But it is also interesting that Kamala and you know, the
• 51:49
  Democrats have been saying if they do get in power, then
• 51:52
  they're going to stack it with Democrats and then all of that
• 51:55
  could be completely invalid. So, you know, being hopeful
• 51:58
  here, obviously I would love to see a Supreme Court that wants
• 52:02
  to uphold property rights. And of course, you know, that's
• 52:06
  that's what that's why it's Bitcoin.
• 52:07
  And we love property. It's like, yeah, you can't take
• 52:09
  this Bitcoin from me. But with that being said,
• 52:13
  governments will never surprise me by their overreach.
• 52:16
  And I think all governments are the same.
• 52:19
  And again, you know, historically speaking, when a
• 52:22
  empire starts to crumble, everything goes out the window.
• 52:27
  And we're seeing this kind of play out right now.
• 52:29
  Remember, I just referenced that.
• 52:30
  Like, you know, they're printing trillions of dollars every three
• 52:32
  months. It seems to be accelerating.
• 52:34
  So it seems like the politicians, the unproductive
• 52:37
  class, are robbing the coffers quicker than ever.
• 52:41
  And I think this is just more signs of the decline of an
• 52:44
  empire as the politicians start to detach from reality.
• 52:47
  They tried to steal as much from the population.
• 52:49
  So again, I'm not. I'm not, I'm not naive in
• 52:55
  thinking that governments having the monopoly on violence will
• 52:59
  probably try to step on their citizens and steal from them as
• 53:04
  much as possible. Obviously I I want to be hopeful
• 53:06
  in regards to what Joe's saying and that the Supreme Court would
• 53:09
  uphold being against A61O2 style attack.
• 53:13
  But again, remember but. Isn't that so Fiat like, like
• 53:16
  one of the things, like one of the things that Bitcoiners say
• 53:18
  is that like, it's like the constitution, The Constitution
• 53:21
  is flawed because of human nature.
• 53:23
  And then like with Bitcoin, Bitcoin, it's like, I feel like
• 53:26
  you can't cheat Bitcoin or, or better said, you're more
• 53:29
  incentivized to play by the rules than you are to try to
• 53:32
  cheat the system. I think the Constitution doesn't
• 53:35
  have that said protection like you can, you can, you can cheat
• 53:39
  the you, you might be fat. And I would say that Fiat kind
• 53:43
  of incentivizes you to like, you know, like what I'm trying to
• 53:49
  say is that I feel like the, the Constitution is imperfect.
• 53:53
  Like obviously like it, it's not going to last forever versus
• 53:56
  Bitcoin. Like it's a set of rules.
• 53:59
  It's extremely hard to change. Good luck, bro.
• 54:04
  And it also, it like brings the best out of human nature rather
• 54:08
  than what Fiat does, which is bring the worst out of human
• 54:10
  nature. Well, Anika, look, I'm a
• 54:13
  constitutionalist. But if we are being honest with
• 54:16
  ourselves, none of the politicians care about the
• 54:19
  Constitution currently. So, you know, as much as I like
• 54:22
  to believe that the piece of paper known as the Constitution
• 54:25
  protects me, I'm also not naive in thinking that it's actually
• 54:28
  in practice helping us. So, you know, I believe in the
• 54:31
  Bill of Rights. I don't, I don't even think I
• 54:34
  can be in the Supreme Court. But the politicians obviously
• 54:38
  don't. I mean, we just brought up the,
• 54:40
  was it last week, you know, John Kerry saying that like, oh, we
• 54:44
  got to get rid of the 1st Amendment because it makes our
• 54:46
  job harder. And it's like, yeah, that's the
• 54:48
  point, bro. Like this is exactly the point
• 54:50
  here. Anyways, I I forget where my
• 54:53
  rant was going, so let's pass it to John.
• 54:57
  Yeah, I, I mean, I think the Constitution obviously has
• 55:01
  limited, has limitations just because it's a paper document
• 55:07
  that was written, you know, over over 100 years ago.
• 55:10
  And, you know, we've seen, we've seen abuses to it.
• 55:14
  We've seen politicians not give a shit about it, right.
• 55:17
  But, you know, it's there, it's preserved some kind of liberty
• 55:23
  for us up to this point. So I'm grateful for it.
• 55:27
  Well, I think one of the, one of our better hopes is this idea of
• 55:35
  jurisdictional arbitrage and actually kind of continuing to
• 55:38
  take like take, take responsibility for our own
• 55:43
  sovereignty or our own agency, just like the founders did, just
• 55:49
  like the people who created this country did, right?
• 55:52
  They, they were escaping tyranny and decided to make a stand
• 55:58
  against it. And so we have to do that
• 56:01
  continually in our own way. I think that's the American
• 56:05
  spirit. That's the heart of what, what
• 56:10
  this country was founded on. So, you know, I, I really, I
• 56:15
  want to, I want to continue to encourage people to take a stand
• 56:20
  where, where they are with their, wherever their friends
• 56:24
  and family are, what, whatever, whatever they want to protect
• 56:27
  and wherever they want to be, wherever there's home, you know,
• 56:31
  just continue to, to live that out.
• 56:33
  But hopefully, you know, and hope hopefully in that process,
• 56:40
  we can, we can continue to preserve whatever is left of a
• 56:45
  constitutional Republic in our, in our system.
• 56:49
  But, but I think it's wise to also set up contingency plans
• 56:58
  because. Which is a perfect segue into
• 57:00
  the culture, John. Absolutely.
• 57:02
  All right, everybody, let's hit the culture and continue this
• 57:05
  conversation. We're talking about
• 57:06
  citadeltheory.com. Let's check it out.
• 57:08
  Here we go. All right everybody, if you guys
• 57:23
  are enjoying the show so far, check out our sponsor orange
• 57:26
  pill app, stack friends who stack stats.
• 57:28
  The orange pill app is the Bitcoin social layer joining the
• 57:30
  12,233 bitcoiners that are currently on the app.
• 57:34
  The orange pill app will allow you to connect with fellow
• 57:37
  bitcoiners. So if you're traveling your new,
• 57:39
  you go to a new city, you don't know anyone around you and you
• 57:42
  don't know any bit bit corners around you.
• 57:44
  You pull up the orange Pull app and has a really clever
• 57:46
  geographical feature and it'll allow you to connect with bit
• 57:49
  corners that are near you, allow you to send them a message and
• 57:52
  connect with them and talk with them, get the conversation
• 57:55
  going. It's also one of the best ways
• 57:57
  to reach Opti. If you want to talk to Opti,
• 57:59
  send him a message on the Orange Pull app.
• 58:01
  He loves that and it's one of the best ways to connect with
• 58:05
  me. So if you want to talk to me and
• 58:07
  you want me to respond back to you, send me a message on the
• 58:10
  orange pull up. I make sure to go through all
• 58:12
  the messages every week or two. So yes, message Opti on the
• 58:16
  orange pull up. Anyways, I'm very excited to
• 58:19
  have John on the show today because first of all, me and
• 58:24
  John are friends. Great to see John's face again,
• 58:27
  Great to see John thriving, and I want to talk about John's
• 58:30
  projects. I'm going to pass it on to Opti.
• 58:33
  John is working on the Citadel theory, which I feel like fits
• 58:37
  in perfectly with what we were just talking about in terms of
• 58:40
  hedging your, your jurisdictional bets.
• 58:44
  So Opti, it's all yours. Yeah, yeah.
• 58:46
  But John, before we go into Citadel Theory, I think some
• 58:50
  good context is the story you were telling me before the show
• 58:53
  about how this year you've travelled more than ever and
• 58:56
  just the the epiphany, I guess for lack of better terms, of why
• 59:02
  you think the Bitcoin social layer is so important.
• 59:05
  And you know, you've been connecting with Bitcoiners.
• 59:07
  And I think this is a perfect segue to go into the whole
• 59:10
  Citadel Theory theory and your website and what you're working
• 59:14
  on. Yeah, absolutely.
• 59:17
  You know, early on in my Bitcoin journey, I very much realized
• 59:22
  that if the Bitcoin thesis is correct, if we really do believe
• 59:28
  that this is the most, you know, best money that we are on the
• 59:35
  verge of of just a radical change, a massive wealth shift,
• 59:40
  wealth transfer, the greatest wealth transfer that has ever
• 59:46
  has taken place. Then the people who are adopting
• 59:50
  this new asset, their their network is going to be
• 59:57
  increasingly important as time goes on.
• 1:00:00
  And I was something I realized as well as like as I was kind of
• 1:00:04
  going down the the Bitcoin rabbit hole alone, learning
• 1:00:07
  about it, learning about the. Left up monetary system and then
• 1:00:12
  how Bitcoin is kind of fixing these things.
• 1:00:15
  It was it was kind of a lonely journey like you're, you're kind
• 1:00:19
  of especially if you are one of the 1st in your friends group to
• 1:00:23
  realize it, realize these things, it can be somewhat
• 1:00:27
  isolating and you you might bring up some topics to your
• 1:00:31
  friends and they're like, what the hell are you talking about?
• 1:00:34
  The dollars, the dollar, you're not going to you're not going to
• 1:00:36
  change that overnight. But then as you get online, you
• 1:00:41
  start to meet other people through Twitter and you start to
• 1:00:43
  maybe even go to meet ups and meet people in person and have
• 1:00:46
  these actual real life conversations with people who
• 1:00:50
  have who are seeing the same reality that you're seeing.
• 1:00:57
  So I, I realized how powerful that was and especially, you
• 1:01:02
  know, when it comes to education and actually going deeper down
• 1:01:07
  the Bitcoin rabbit hole and deepening your understanding of
• 1:01:09
  Bitcoin, what the implications are when you're, when you're
• 1:01:12
  around other people who have thought about it deeply for a
• 1:01:15
  long time, then, then you can gain from their insights a lot,
• 1:01:18
  a lot faster. So that's why like early in my
• 1:01:24
  journey, I started, I started hosting Bitcoin meetups, I
• 1:01:27
  started the Bitcoin Path podcast so I can connect with other
• 1:01:30
  Bitcoiners as well around the globe.
• 1:01:33
  And over the past few years, I've been able to, you know,
• 1:01:39
  travel to so many different countries, attend all these
• 1:01:42
  different Bitcoin podcasts or attend all these Bitcoin
• 1:01:45
  conferences and also hosts a lot of events and meetups on my own.
• 1:01:50
  And I guess what I've come to realize is that, you know, we
• 1:01:57
  are, you know, we can talk about Bitcoin and then we also talk
• 1:02:01
  about Citadel theory as being like, we want to this is kind of
• 1:02:05
  the next iteration of Bitcoin where we're protecting our
• 1:02:09
  finances, but we also want to protect our bodies and our
• 1:02:12
  families and our friends and need space.
• 1:02:15
  And so we want to set up like robust, robust and defensible
• 1:02:21
  properties that are that have access to food and natural
• 1:02:23
  resources. But The thing is that those
• 1:02:29
  those properties and those fortified structures, they're
• 1:02:33
  going to protect us as people and we are all connected through
• 1:02:39
  relationships. So that's why like community and
• 1:02:43
  the social connections that you have ultimately are the most
• 1:02:48
  important things when it comes to Citadel theory.
• 1:02:51
  These are the that's laying the foundation for your citadels.
• 1:02:56
  So yeah, out of travel this year, I was, I started out in
• 1:03:01
  Costa Rica. I went to Buenos Aires, went to
• 1:03:04
  El Salvador, we did a retreat there with a few guys and spent
• 1:03:09
  the summer in Europe. I just came from Bali and going
• 1:03:13
  back to Buenos Aires to leave this adventure coming up but.
• 1:03:19
  Could you scroll up, Chad John? It seems like you're with.
• 1:03:28
  That's definitely not a Bitcoin meet up.
• 1:03:29
  That can't it's, it's not possible.
• 1:03:31
  That's that's those are the exclusive Bitcoin meet ups that
• 1:03:34
  you know This is why. You got a stand out theory?
• 1:03:37
  You might, yeah. Let's go.
• 1:03:43
  OK. All right, John.
• 1:03:44
  Well, you killed. It on the Gary Leland was
• 1:03:46
  actually there at that party so. You and Gary, right?
• 1:03:50
  And a lot of friends. And the dread doesn't surprise
• 1:03:52
  me. Let's go.
• 1:03:58
  Oh, Chad. OK.
• 1:04:00
  Speaking of Citadel theory and some of your events, you did
• 1:04:03
  just drop this latest video, so I want to play that for the
• 1:04:05
  audience real quick and then you can chat about it a little bit.
• 1:04:09
  What's going on, Amigos? I'm here in Beer Ritz, France
• 1:04:12
  and want to give you a heads up that I'm joining up with Mikayel
• 1:04:16
  Megiota to host an epic Argentinian adventure this
• 1:04:20
  upcoming November. And over the past year, a lot of
• 1:04:23
  us have set our sights on Argentina as this exciting new
• 1:04:27
  citadel destination, and really for good reason.
• 1:04:29
  So we put together an immersive experience for a small group of
• 1:04:34
  like minded Bitcoiners, investors, entrepreneurs,
• 1:04:37
  digital nomads to see with our own eyes what's actually going
• 1:04:41
  on and explore what this beautiful country has to offer.
• 1:04:46
  What's going on Amigos? I'm here.
• 1:04:48
  Love it, love it. All right, so John, let's talk
• 1:04:50
  about the event in Argentina. Such happy music.
• 1:04:55
  Yeah, I like it. Yeah, it's happy.
• 1:04:59
  We're going to be happy there. We're bringing joy back.
• 1:05:06
  Yeah, man. Well, that's, this is the thing,
• 1:05:09
  what we're the thing that's going to bring us joy and
• 1:05:14
  satisfaction is actually building the new paradigm,
• 1:05:17
  building the new system because obviously the existing system is
• 1:05:21
  flawed. The existing paradigm is flawed
• 1:05:24
  and we need to, we want to exit. But when you exit a paradigm,
• 1:05:30
  you need another one to replace it with, right?
• 1:05:33
  So our basically that's what we're trying to do from the
• 1:05:39
  ground up in Argentina. A group of us got together last
• 1:05:46
  February and there's a few of us exploring Buenos Aires and we're
• 1:05:51
  getting together, having all these conversations about, you
• 1:05:54
  know, some of the great opportunities that Argentina has
• 1:05:58
  at this point in time. One of them being potential
• 1:06:04
  political shift, where as you know, the US may be kind of on a
• 1:06:11
  on a downswing in terms of the economy, in terms of the Fiat,
• 1:06:19
  Fiat world and encroaching on people's freedom.
• 1:06:23
  Argentina stands at this potential juncture where since
• 1:06:29
  they've had so much, so much economic destruction in the
• 1:06:34
  past, the people are primed and ready for a new, a new paradigm,
• 1:06:40
  a new way of looking, looking at the economy.
• 1:06:44
  So basically we wanted to, I, I got together with Mikhail
• 1:06:49
  Margiota and we are wanting to create a, an experience that
• 1:06:56
  starts in Buenos Aires, then goes to Cordoba and then to
• 1:06:59
  Patagonia. And it's essentially a premium
• 1:07:04
  tour of the country and where we're going to be talking about
• 1:07:08
  in Buenos Aires. We'll be focused on more of the
• 1:07:11
  business aspect of things. What are what are the main
• 1:07:14
  opportunities when it comes to investments.
• 1:07:18
  We'll have experts who are focused on residency and
• 1:07:23
  citizenship and some of the legal stuff you got to be aware
• 1:07:27
  of and how how to really take advantage of what, what
• 1:07:32
  Argentina has to offer from the investment and business
• 1:07:35
  standpoint. And also the obvious lifestyle
• 1:07:39
  advantages that living in the city that's really like one of
• 1:07:45
  the most beautiful cities I've ever been to.
• 1:07:48
  And then culturally, you know, it's just so rich.
• 1:07:51
  It has a heavy like European influence.
• 1:07:55
  Obviously people are beautiful. So lifestyle wise, it just yeah,
• 1:08:00
  it's incredible. So we'll be, yeah.
• 1:08:05
  I I want to, I want to talk about this.
• 1:08:06
  So like, first of all, guys, if you guys don't know, John throws
• 1:08:11
  the dopest fucking events, All right?
• 1:08:13
  This guy is a master at this. And second of all, yeah, like
• 1:08:19
  the cost of living. And could you Scroll down Opti?
• 1:08:22
  Because I really want to focus on just Scroll down.
• 1:08:29
  So first of all, John throws the best events and he's able, he
• 1:08:33
  has a, he's a very good talent at putting together not only
• 1:08:37
  dope events, but also putting together the right, obviously
• 1:08:40
  from that picture, but putting together the right people and
• 1:08:44
  the people that you want to know.
• 1:08:45
  And this is one of the great, was a great way to network and
• 1:08:48
  connect with other Bitcoiners and also have a retreat.
• 1:08:52
  So you're getting away. You're, it's like a vacation,
• 1:08:54
  but it's a productive vacation 'cause you're connecting with
• 1:08:57
  other Bitcoiners, you're networking.
• 1:09:00
  And also one of the awesome things about Argentina and in
• 1:09:04
  fact, all of Central and South America is like, dude, you could
• 1:09:08
  live off $1000 a month and you could live fucking well, right?
• 1:09:13
  Unlike a lot of like, like the US and Europe and all that
• 1:09:16
  stuff. So yeah, I mean, this looks
• 1:09:18
  awesome. This looks awesome.
• 1:09:20
  Yeah, exactly. Exactly.
• 1:09:21
  For now. So this looks awesome.
• 1:09:23
  I highly recommend. Why do you tell us a little bit
• 1:09:26
  about the venue that you found John?
• 1:09:28
  Because I already know it's dope.
• 1:09:32
  Yeah, so we found this beautiful in Buenos Aires.
• 1:09:35
  We have beautiful basically a mansion in one of the best
• 1:09:42
  neighborhoods in my opinion of Buenos Aires in Palermo.
• 1:09:47
  And it's it's extremely central. It's beautiful.
• 1:09:52
  We've got a pool, we've got, you know, all the amenities and
• 1:09:57
  that's going to be kind of the hub.
• 1:09:58
  That's where we'll be gathering together for Asados, for
• 1:10:05
  traditional Asados, Argentinian, if as haven't been to Argentina,
• 1:10:08
  it's just the food is absolutely incredible.
• 1:10:13
  And yes, we'll be getting together for these Asados and
• 1:10:18
  then having having our panels and talks where we dive into all
• 1:10:25
  these different aspects of life in Argentina right afterwards.
• 1:10:31
  And the the the bit conf is going on right at the same time.
• 1:10:36
  So there's going to be some other side events going on
• 1:10:42
  around that. But yeah, that's going to be
• 1:10:45
  basically a summit where we're talking about Citadel theory,
• 1:10:48
  we're talking about Bitcoin adoption in Buenos Aires and
• 1:10:54
  getting some of those residency and legal questions answered as
• 1:10:58
  well. And just having a good time
• 1:11:01
  enjoying the enjoying our like Prime Premium villa mansion in
• 1:11:09
  Buenos Aires and having, yeah, just an exclusive.
• 1:11:14
  We'll have a few exclusive after hours parties as well for people
• 1:11:19
  who are attending. So if so, if people wanted to
• 1:11:25
  find out more about civil theory and then specifically this event
• 1:11:30
  coming up up to, could you go to the event?
• 1:11:33
  Yeah, yeah, I got it. I got.
• 1:11:35
  It just chilling, John. Just chilling, John.
• 1:11:38
  So if people wanted to find. Out more.
• 1:11:39
  About this, if they because it says that there's a limited
• 1:11:43
  amount of residential and non residential passes available,
• 1:11:47
  where where should they go? They they're looking at this,
• 1:11:49
  they're hearing the show. They're like, yo, this sounds
• 1:11:51
  dope. Never been to Buenos Aires
• 1:11:52
  before. I want to go.
• 1:11:55
  How do they sign up? Is it all included like you
• 1:12:00
  know, it it I'm assuming there's a there, there's like there's a
• 1:12:03
  ticket price. Does it include the food?
• 1:12:06
  Does it include the room and board?
• 1:12:08
  Yeah. Wait wait wait John, before you
• 1:12:11
  go really enticing the chat, is there a ratio parameter here
• 1:12:16
  that is enforced so when you go do the?
• 1:12:21
  For certain events or will be Yes.
• 1:12:25
  OK, Yeah, there's going to be a lot of.
• 1:12:29
  Is it all? Is it all included?
• 1:12:33
  Yeah. So in Buenos Aires we have
• 1:12:35
  residential and non residential options available.
• 1:12:38
  We still have a few residential passes and then we've got 21
• 1:12:44
  total non residential passes for people who want to come, they
• 1:12:50
  want to be a part of the event and the festivities, but they
• 1:12:53
  just want to get their own Airbnb.
• 1:12:55
  They don't want to stay at the house because there's only 5
• 1:12:58
  bedrooms at the house. So if you're, yeah, if you're
• 1:13:02
  interested in coming to any of them.
• 1:13:04
  And that's just Buenos Aires. After Buenos Aires, we're
• 1:13:06
  actually chartering a private plane and we're flying to our
• 1:13:12
  another property in Cordova. And then after we'll spend 7
• 1:13:17
  days in Cordova. And then from Cordova, we'll fly
• 1:13:20
  in the same plane to Para Loche in Patagonia and we'll spend 7
• 1:13:27
  more days in Patagonia exploring that.
• 1:13:29
  So these are three different events if you want.
• 1:13:34
  They're all all inclusive. The ticket pricing is all
• 1:13:38
  inclusive. So the residential and non
• 1:13:41
  residential passes in in Buenos Aires.
• 1:13:44
  And then there's only residential passes available in
• 1:13:48
  Cordoba and Patagonia. So if you do want to come there,
• 1:13:52
  invite only. So reach out to me directly,
• 1:13:57
  send me ATM. You can fill out a form, the
• 1:14:02
  application form for our community on the website on
• 1:14:07
  citadeltheory.com or you can e-mail me at
• 1:14:11
  john@citadeltheory.com. And yeah, I didn't even get into
• 1:14:17
  the things we're getting into in CORBA and Patagonia, but it's
• 1:14:20
  going to be just an incredible adventure and really forward to
• 1:14:25
  it. Hell yeah.
• 1:14:27
  Well, guys, go to go over to citadeltheory.com.
• 1:14:30
  You want to find out more information, go check out their
• 1:14:32
  upcoming retreat that is coming up in Buenos Aires.
• 1:14:36
  And what are the dates again, John?
• 1:14:39
  October 30th to the 4th in Buenos Aires, and then October,
• 1:14:44
  October 30th to November 4th in Buenos Aires.
• 1:14:48
  November 4th to the 10th in Cordova and the 10th to the 16th
• 1:14:52
  in. How'd it go in here?
• 1:14:55
  Hell yeah, Hell yeah. All right, everybody, we'll go
• 1:14:57
  check out citadeltheory.com For more information.
• 1:15:01
  Again, I put my rubber stamp of Nico approval on this.
• 1:15:05
  John throws some of the best John throws some of the best
• 1:15:10
  events ever. He really knows how to get
• 1:15:12
  people together and just make it interactive and fun and you're
• 1:15:15
  going to have good food there. The environment is going to be
• 1:15:17
  awesome. So I can't recommend this
• 1:15:19
  enough. Also, we'll put it down in the
• 1:15:22
  YouTube description as well. Guys, this was your Simply
• 1:15:26
  Bitcoin Live for October 18th, 2024.
• 1:15:29
  I'm your host, Nico is my Co host Optimus Fields and our
• 1:15:33
  guest for today, John Chino of the Citadel Theory.
• 1:15:36
  Guys, everyone have an amazing weekend we'll be back to We'll
• 1:15:39
  be back on Monday for a new episode of Simply Bitcoin Live.
• 1:15:43
  Stay tuned for later on today, Dante will be dropping in
• 1:15:46
  dropping a Bitcoin Simply episode and stay tuned for the
• 1:15:49
  weekend. We'll be dropping some content
• 1:15:50
  as well, but Simply Bitcoin Live will be back on Monday.
• 1:15:54
  Everybody go outside, touch some grass, enjoy the family, eat
• 1:15:57
  some good food and love you all. We'll see you guys later.
• 1:15:59
  Peace out everybody to you. Buy bitcoinwell.com, a Bitcoin
• 1:16:05
  only platform on a mission to enable financial independence.