Latest / Simply Bitcoin / Taiwan Just Did The UNTHINKABLE: Is China ACCELERATING Their SECRET Bitcoin plan?! | EP 1375

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Taiwan Just Did The UNTHINKABLE: Is China ACCELERATING Their SECRET Bitcoin plan?! | EP 1375 · Simply Bitcoin

0:01
So Taiwan's central bank just officially announced their
0:05
intentions with a strategic Bitcoin reserve.
0:10
This came out literally hours ago.
0:12
And what makes us very interested with the timing of
0:16
this announcement is the fact that we all saw the news
0:19
yesterday when China came out and accused America of freezing
0:25
127,000 Bitcoin. It kind of looks as if something
0:31
might be going on in Southeast Asia surrounding maybe a secret
0:36
Bitcoin plan. Sophie, we have a lot to talk
0:40
about today. Where would you like to kick
0:42
things off? Well, just this story about
0:46
China accusing the US of stealing $13 billion in Bitcoin
0:51
is absolutely fascinating to me, especially in the midst of a
0:56
tariff war, a trade war. You would think that China, you
1:02
know, would practice what they preach, telling their people,
1:05
you know, you're not allowed to use Bitcoin.
1:07
But apparently they are. So it's really funny that now
1:11
they're accusing the US of stealing Bitcoin, saying that
1:15
that was supposed to be restitution for victims of the
1:20
Lubian mining pool. And it's also strangely
1:25
coincidental that it happens to be the same exact amount of
1:29
Bitcoin that the US government seized from that Cambodian pig
1:35
butchering scam ring. So it definitely it's a little
1:39
SUS on the part of of the US, but at the same time, you know,
1:44
it just surprises me that the that China is so interested in
1:49
Bitcoin all of a sudden. I wonder what the signal is
1:51
there. Yeah, it's, again, it's really
1:55
interesting the timing because everybody's been talking about
1:58
this trade war that's been going on between America and China.
2:03
This is why the markets have been, let's just say, a little
2:06
bit more volatile than usual recently.
2:09
Everybody's waiting on, you know, what exactly was going to
2:13
happen with America and China. We saw in the past couple of
2:17
weeks Trump did actually strike an economic deal with China.
2:24
And again, a lot of people were waiting for that certainty
2:27
before allocating money and allocating capital.
2:30
We're now in November, we're in Q4.
2:32
This is when things are supposed to get really interesting.
2:35
Everybody knows that We typically see a Santa Claus
2:39
rally. This is because we get a lot of
2:40
clarity in Q4. And what's fascinating about me
2:44
is this not only the Bitcoin price just acting the way it is,
2:49
but this obsession over Bitcoin. Like if you know, we're we're
2:54
talking about multi 100 billion, maybe multi trillion dollar
2:59
trade deals between America and China, Why are the two countries
3:04
squabbling about $13 billion worth of Bitcoin?
3:08
And then why is the day after we got this news that China and
3:13
America were fighting over this, we've got this news about
3:16
Taiwan. So let's break this down.
3:17
This is literally this morning, we saw a few tweets circulating
3:21
on Twitter. But it looks as if Taiwanese
3:24
central bankers are now putting in moves to not only study
3:29
Bitcoin as how it could be used as a strategic Bitcoin reserve,
3:34
but they've also got to draft Bitcoin friendly rules in the
3:37
next 6 months. And also this is the kicker and
3:40
the interesting part pilots Bitcoin treasury holdings
3:45
starting with inventory relating to seized Bitcoin awaiting
3:51
auctions. So again, this is really noon.
3:54
You can see the date of this tweet literally came out 5:30 AM
3:57
this morning. We are waiting For more
4:00
information to happen. We think that our Southeast
4:03
Asian friends are asleep right now.
4:05
So maybe we're going to get some more clarity in the next 6 to 12
4:08
hours. But the timing of Taiwan coming
4:11
out and saying this, it's certainly interesting because we
4:15
all, you all know that again, China sees Taiwan as their own.
4:19
What's the quote, Sophie? Is it two countries 1 model?
4:24
Yeah, basically two countries, one model.
4:26
It's funny because earlier we were looking up, you know, who
4:29
is the president or the leader of Taiwan.
4:31
And I was like, I mean, on paper they're, they have a president,
4:36
but in reality, the leader of Taiwan is Xi Jinping.
4:40
So it's interesting. He's almost using Taiwan as kind
4:45
of like this Trojan horse or this vehicle for China to own
4:50
Bitcoin. And it's interesting that, you
4:53
know, they're also the way that they're trying to acquire
4:56
Bitcoin by accusing the United States of stealing it from them.
5:00
So they're they're almost saying like we're not going to buy high
5:04
Bitcoin, but we are going to try to stack some stats in these
5:09
other ways. And I think that's, you know, to
5:12
my point earlier that they don't want people to, you know, see
5:17
their government as hypocritical.
5:18
They're seeing it as justice reform.
5:21
You know, we're just enforcing the law and taking what it
5:24
taking back what is ours for our people.
5:27
But we don't want the citizens of China to actually own any
5:31
Bitcoin of their own. That's, I, I think that's
5:36
probably at the root issue of all of this.
5:38
Now we were talking about Taiwan.
5:40
I just jumped on Google and I found this about Hong Kong.
5:43
Again, I'm on their own. I think each of these individual
5:46
stories, you know, they're just little stories, but when you
5:50
kind of piece everything together, you can start to see
5:53
that maybe something is happening in Southeast Asia.
5:55
Because I saw literally 2 days ago, Hong Kong has just launched
6:00
digitally native bonds to quote UN quote, intensify their crypto
6:06
hub ambitions. So of course, we've been talking
6:09
about this is simply Bitcoin for a long time.
6:11
Hong Kong came out in 2024 and they said, look, we want to be
6:15
the global crypto hub of the world.
6:18
And a lot of people were like, wait on a minute, Hong Kong,
6:20
isn't that essentially linked to China?
6:24
Why is mainland China having the public stance?
6:27
Look, we're going to ban Bitcoin.
6:29
Bitcoin mining's bad. We're going to Kick It Out of
6:31
the country. It's illegal in our country.
6:33
But at the same time, Hong Kong is coming out and saying we want
6:37
to be the global crypto hub. We remember that there was
6:40
conferences held in Hong Kong in 2023-2024.
6:43
And the publicly confirmed reports were saying that Chinese
6:48
officials from Beijing were at those conferences and they were
6:52
signing off with what Hong Kong was doing and their ambitions to
6:54
be a crypto hub. And again, all of that was kind
6:57
of like, OK, that's strange. I think now that we've seen Hong
7:01
Kong continue this week, again, a very interesting week, but
7:05
this week come out and say they're going to start launching
7:07
digitally native bonds. I think this is another little
7:10
sign. It's a little signpost, It's
7:13
another piece in the puzzle that's really interesting.
7:16
We've got Hong Kong also again, look at the date 11, the 11th of
7:21
November coming out and Hong Kong is now easing crypto laws
7:25
allowing exchanges liquidity. I don't know.
7:29
I mean, maybe I could be just lining up some dots that aren't
7:32
necessarily connected, Sophie, but I'm smelling a little bit of
7:36
a Southeast Asia Bitcoin play here.
7:39
What do you think? What I'm smelling is
7:42
competition. You know, they're literally
7:45
taking Donald Trump's words that he used, you know, during his
7:49
campaign speeches saying that he wanted to make Bitcoin the world
7:55
capital or sorry, the, the capital of Bitcoin mining and,
7:59
and you know, the crypto capital of the world or whatever.
8:02
And I think that China is seeing an opportunity here, not just to
8:08
compete, but possibly to overtake take the United States
8:12
when it comes to holding Bitcoin.
8:14
And I think that that's also what's behind the fact that they
8:17
are coming after us and accusing us.
8:20
And so now Hong Kong is coming out with this news that they
8:24
also want to essentially launch their own ETFs in Hong Kong.
8:30
So it's it sounds like they're copying us.
8:34
And honestly, imitation is the big, the best form of flattery.
8:38
And, and, and it seems like you know something that we it, it,
8:43
it kind of follows a pattern, right?
8:44
When the US starts doing something, other countries tend
8:49
to follow and they tend to do exactly what we're doing because
8:54
they see that they're working. Don't forget that the IBITETF,
8:59
it has been the best performing product on Black Rock's balance
9:03
sheet. So people in Hong Kong are
9:06
seeing that and they're thinking, hey, we could do that
9:09
too. And coincidentally, China is
9:13
also gearing up for what might be a huge quantitative period of
9:19
quantitative easing, which I think, I think you have the link
9:23
for that. But if China starts printing a
9:28
bunch of money and Hong Kong is on the verge of allowing
9:33
exchanges to tap into that liquidity and put it into
9:38
Bitcoin backed products, then again, that's another way that
9:44
China has just circumvented the direct buying of Bitcoin so that
9:49
they can acquire some for themselves and strengthen their
9:53
economy to compete with the United States.
9:56
Exactly. I think you you hit the nail on
9:58
the head. It's all about competition.
10:01
America has come out and said we want to be the global superpower
10:04
of Bitcoin. China's come out and said, hey,
10:07
you know, let's just roll Hong Kong, let's just roll, you know,
10:11
Taiwan out there and let's just let them do the Bitcoin bidding
10:15
for us while we publicly maintain our anti Bitcoin
10:19
stance. I think there's something there,
10:20
but I think there also could be a little bit of competition when
10:23
it comes to monetary policy. We, we saw that so far in 2025,
10:29
we've seen more interest rate cuts than we saw in 2008.
10:34
So this is a little bit of a head scratcher because of
10:37
supposedly the economy is fine, it's doing well.
10:41
But if we have more interest rate cuts today than 2008, that
10:44
is at least something I think we should be paying attention to.
10:47
It's very strange, but we saw a little bit of, let's call it
10:51
spasms in the American repo market this week.
10:55
The spreads between the sofa rates and the Fed funds rate are
10:59
widening again. It's not always saying, look,
11:02
this is a crisis imminent, but it says, hey, there's something
11:05
going on in the plumbing. And now in China, we get a
11:08
little bit more confirmation that they could be maybe a
11:11
little bit of a shortage of dollars in liquidity out there
11:13
because we can see China's central bank is maintaining it's
11:18
accommodative policy as challenges.
11:22
So many adjectives, right? So much fluff.
11:25
There's just so much. It's like, it's like the writing
11:28
is matching the amount of like money that they're printing.
11:32
It's just so much of it, but has no value.
11:37
Exactly. It's all obfuscation that they
11:40
don't want us to know what's actually going on the.
11:43
Dog and pony show. Exactly what they're saying is
11:47
let's just you big words, let's confuse the people.
11:51
Let's make sure that the kids like Luke with the crazy haircut
11:53
online cannot pronounce the words and the true message gets
11:57
lost in the translation. But I think the translation here
12:02
is shit screwed and they need to print money.
12:05
And again, This is why medium term long term Bitcoin is the
12:09
only asset it is or even in the short term, let's be honest,
12:12
Bitcoin is the only asset and we think a lot of people they get
12:15
distracted with these short term price movements.
12:18
But again, I would just just encourage everyone to pay very
12:21
close attention to what the central banks right now are
12:24
doing. We can see on Tuesday, literally
12:27
yesterday, November 11th, China's central bank came out
12:31
and they said they would maintain their loose monetary
12:34
policy, which is again, translation for we need to
12:37
continue printing money because the there is not enough
12:41
liquidity in the system. And again, a lot of people have
12:43
kind of been waiting for the next big print, as Larry Leppard
12:48
calls it. We're waiting for that next big
12:51
wave in the liquidity cycle. We do know that Bitcoin, it kind
12:56
of moves in tandem with the liquidity cycle.
13:00
And there's some really cool charts.
13:02
I'm just bringing one up that shows that typically every four
13:06
years, the global money supply has this big spike.
13:09
So far liquidity has been slowly but surely increasing over the
13:14
past couple of years after that massive drainage of the system
13:18
in 2021. But we're waiting for that next
13:21
big move up in this pink line. I think the blue line shows that
13:25
a little bit better. This is the year on year growth
13:28
of the M2 and you can see what happened in 2017.
13:31
Massive ramp up in liquidity and again that correlated with
13:36
Bitcoins bull run. We saw the same thing in 2020
13:39
and 2021. That blue line ramped up, huge
13:43
Bitcoin bull run. We went from 10K to 65K in about
13:46
3 or 4 months. And now we can see liquidity has
13:51
recovered. It's no longer declining, was
13:53
declining all 2022 and early 2023.
13:57
Coincidentally, Bitcoin had a little bit of a bear run during
14:00
those years, but we can see we've been ticking up.
14:03
We're just waiting for that next big explosive move in liquidity
14:09
and maybe what the Chinese central bank kind of confirmed
14:13
yesterday's maybe a little bit of an indication that we could
14:15
be closer to that next big move in liquidity than most people
14:19
think. What are your thoughts on this
14:20
Soph? Yeah, I think you're absolutely
14:22
right. As soon as China starts
14:25
printing, the Fed is just going to have to catch up.
14:29
They're not really going to have a choice, right?
14:31
And the only thing that concerns me, I mean, aside from inflation
14:36
that comes with the M2 money supply going up, is what if this
14:42
money supply doesn't really go into hard assets, but it goes
14:47
into the ETFs, it goes into paper Bitcoin.
14:51
What if that's what pumps, but then Bitcoin itself doesn't?
14:57
Is that a possibility? Or is that just like me thinking
15:00
the worst because we've had the most like, horrible bull run in
15:04
my opinion of our lives? Well, it is true we have had the
15:08
worst bull run in Bitcoin history.
15:11
I'll bring up some chats to show the guys in a moment that kind
15:13
of illustrates that point. And again, I think anything is a
15:18
possibility. I'm a perma bull, but I can't
15:21
rule out the fact that, you know, that is a possibility.
15:24
We know that what BlackRock today owns, what is it?
15:27
It's 4% of all the Bitcoin over 800,000 coins and that's grown
15:32
in just the past two years. So it's a possibility.
15:35
We're seeing again, a lot of money going to publicly traded
15:38
stocks as well. MicroStrategy owns 3% of the
15:42
supply. If a lot of this money goes
15:45
into, you know, BlackRock and Co, I'm still hopeful that
15:50
that's going to add buy pressure and demand in the market for
15:54
spot Bitcoin. We have a lot of on chain firms
15:58
who have claimed to be accurately tracing are black
16:03
rocks public Bitcoin addresses. So they are from all accounts
16:07
buying Bitcoin again, who knows what they're doing on the side.
16:10
Are they shorting Bitcoin at the same time?
16:13
Again, this is very common for hedge funds to hedge themselves.
16:16
They buy a lot of Bitcoin, but at the same time they they go
16:19
into the options market and they buy some puts, they hedge and
16:21
they wedge themselves. So we don't, we're a little bit
16:24
less sure about that, but I think it's I think it's really
16:28
interesting here because we have liquidity come in.
16:32
We also didn't quite touch on this yet.
16:34
We've got the only. The only reason I ask is because
16:37
we did get those interest rate cuts at the end of October and
16:43
nothing happened. So my question is, where is all
16:46
that liquidity going? Who is absorbing it?
16:49
And why haven't we seen the price go up, you know?
16:53
I I think interest rate cuts historically it's being a little
16:58
bit of a weaker correlation to Bitcoin price.
17:01
Typically you see this happening waves so interest rates get cut
17:06
1st and then the money printed bazookas come out.
17:10
From memory, in 2020, I think rates were dropped from like 8
17:18
February, early March, and I think it wasn't until the bond
17:22
market started breaking on March 21st or 22nd, then they
17:27
announced $3 trillion of liquidity in the US and then the
17:32
markets bottom the next day. We've seen interest rate cutting
17:38
for the last few months. Now this report and confirmation
17:42
from power that QT officially ends in December.
17:48
So this is in about two weeks. And then from there, he hasn't
17:51
confirmed it, but I mean, he's kind of implied it by what what
17:54
he's saying. If QT is ending, QE is coming.
17:58
And I think this is when I, I'm certainly going to be strapping
18:03
myself in, so to say, because this is when the the biggest
18:06
moves come when. Oh.
18:12
Did we lose Luke? It makes the biggest moves.
18:16
Sorry I lost. You there for a second?
18:18
Yeah, you're back. You're back.
18:20
Maybe we're talking. Too many truthful.
18:24
Yeah, the Internet is just like going crazy with all of the
18:27
signal. But I, you know, so then that
18:31
would almost confirm the theory that everything everyone was
18:35
expecting in 2025 is, you know, down the gutter in the trash.
18:41
All of the models are breaking and 2026 might actually be
18:46
gearing up for the real bull market.
18:49
And instead of seeing the historic Q4 pumps that we have
18:55
been used to for the last couple of cycles, we're going to start
18:59
seeing them at the beginning of the following year, which is
19:04
interesting because that means that the the cycles are
19:09
elongating, right? While also funny enough, the
19:13
halvings are getting shorter because because overtime they do
19:17
get shorter. They go from four years to like
19:18
3 1/2 and then, you know, it, it gets a slightly shorter.
19:23
So anyway, I think that's super interesting.
19:25
And I want to talk about this story, how dominant Chinese
19:30
makers, because a lot of people are talking about this in the
19:32
comments. They're saying, hey, aren't the
19:34
miners made in China? Why would China, you know, be
19:39
against their citizens holding Bitcoin if they're making the
19:43
miners in this country? And I'd like to take you back to
19:49
the year 2021 when China actually banned mining outright.
19:55
And that was what cut the 2021 bull cycle very, very short.
20:01
And it was very disappointing. But then they lifted it.
20:05
And with this trade war that's going on and the tariffs, a lot
20:09
of those Chinese makers of Bitcoin mining machines set up
20:15
US productions. So that they could beat those
20:18
tariffs. So they're actually now
20:19
manufacturing the machines here. And that was the whole purpose
20:24
of the Trump administration implementing these tariffs.
20:28
They really wanted to take these economic stand like things from
20:35
China and they wanted to move it to the US.
20:37
And you know, this is a, a pretty good example of it
20:40
because, you know, like it or not, the US is still, I believe,
20:45
correct me if I'm wrong, Luke, the number one mining country in
20:49
the world. Yeah.
20:52
So America has, last time I checked, over 30% of the hash
20:56
power within its borders. Texas is a massive hub.
21:01
But again, like you say, So if it's kind of being interesting,
21:04
why have 90% of the ASICS machines, these are the
21:09
specialized Bitcoin mining computers, Why are 90% of those
21:13
created in China? A lot of people have kind of
21:16
been scratching their heads for a while.
21:18
That's a little bit strange. Why do we have, again, some
21:23
people could call it risk, Maybe there's a little bit of supply
21:26
chain risk here. Who knows what's being put into
21:28
those Bitcoin mining ASICS? I have no idea.
21:31
Just questions that some people have been asking.
21:34
We can see that bit main I think that's Canaan and Micro BT They
21:40
build over 90% of the global Bitcoin mining rigs.
21:44
But now what's interesting is all of Chinese origin, these
21:49
companies are now setting up manufacturing footholds in the
21:53
United States as President Donald Trump's tariff war
21:57
reshapes the cryptocurrency supply chain.
22:00
I think this is again, a little bit of signal that just gets
22:03
lost in the source everybody sees.
22:05
All right, Taiwan's talking about creating a strategic
22:08
Bitcoin reserve. And all of this has kind of been
22:11
happening a week after Trump and XI finally finished this
22:18
economic deal that they've been squabbling over for about a
22:21
month now. I, I think.
22:23
Did you know that? Apparently this was all because
22:26
the interpreters like, messed up their job and there was
22:30
something lost in communication and that's why they blew up at
22:33
each other. I mean, because we were.
22:37
Fine, we were fine, everything was great, and then all of a
22:41
sudden it just went like it was from one day to the next.
22:45
October 10th, it just Bitcoin took a complete crash and and
22:51
they're saying that it was because of a misunderstanding.
22:53
Apparently that misunderstanding has now been resolved and
22:57
they're actually coming to an agreement.
23:00
But Luke, my question to you is, is Bitcoin, is mining also part
23:06
of this deal? Is it taking some sort of
23:11
important role in these negotiations?
23:17
I think it has to be, what do you think about the, the
23:22
squabble about the freezing of Bitcoin?
23:25
I, I, the timing of that coming out yesterday that has to be
23:29
related to what Taiwan's doing today.
23:31
Like I, I'm no mathematician or, you know, I don't run all these
23:36
statistical models claiming their gospel.
23:39
But I, I think even if somebody were to run the probabilities,
23:42
the chances of that happening on day after the day and then being
23:47
unrelated events, it feels like a very low probability event.
23:52
It feels like a. Very related event actually,
23:54
it's, it feels like, you know, they're, they're thinking about
23:57
this and they're trying, you know, remember, China has their
24:02
own form of propaganda. Not to say that the US doesn't.
24:05
I mean, we would put the Soviet Union's propaganda machine to
24:09
shame, but the, the Chinese have their own, you know, propaganda
24:15
machine as well. And it's really not a
24:17
coincidence that they because this this story, believe it or
24:22
not, about the the discovery of the Lubian mining pool, Bitcoin
24:29
being seized or gone missing or hacked had actually come out
24:32
back in August and I had seen a tweet about it.
24:37
I didn't really understand what they were talking about.
24:39
Let me see if I can bring it up. And so that here let me bring it
24:46
up right here the. The my my point.
24:52
Is why wouldn't they have come out with this in all the way
24:57
back in August, right, 'cause somebody was talking about it
25:02
the largest ever crypto heist, 3.5 billion stolen from Lumen
25:06
and it says 3.5 billion because that was the value of the
25:08
Bitcoin back in 2020 when they when this initially happened,
25:12
right? But they were talking about this
25:16
in August. Why did they wait until today or
25:21
sorry, yesterday to break this? And.
25:25
I don't think that there are any coincidences.
25:28
I think that the, the Taiwanese government was probably, you
25:33
know, preparing for this, gearing up for this announcement
25:37
for the, the meeting or the the hearing that they were having
25:41
today. They decided to let, and this is
25:44
a message we're going to come back for our Bitcoin United
25:48
States and we're going to establish our own Bitcoin
25:51
reserve. And that's going to make us
25:54
compete not just in commerce anymore, but also in
25:59
commodities, which now Bitcoin has become a commodity like
26:04
gold, like oil, where global superpowers are fighting over
26:10
it. And that to me is extremely
26:13
bullish because if, if, if governments that actually used
26:19
to make fun of Bitcoin, that used to call it a scam, that
26:23
used to say that we would never adopt Bitcoin or Operation Choke
26:28
.2 point O if we had all of this even like a year ago, two years
26:34
ago and now these global superpowers are fighting over
26:37
Bitcoin. That is extremely bullish news.
26:41
That means that we might be seeing the price skyrocket in
26:45
2026. I do not think that the bull
26:49
market is over. I think it's probably just
26:52
ramping up. We lost Luke, but now we have
26:55
him back here. Let me let me pull him up
27:01
anyway. I think that that this is like
27:04
the signal here, right? If countries are if other
27:07
countries, superpowers are gearing up to have their own
27:12
Bitcoin strategic reserve, if they're accusing other countries
27:16
of taking it, you know, don't forget what what America you,
27:21
how we fought for oil just in the last 20 years.
27:27
You know, don't forget what we are capable of doing.
27:31
And I think that Bitcoin might be that next commodity that that
27:37
global superpowers are fighting over.
27:57
We, I think we should first map that to our coin.
28:04
Well, we all talk about coin Bitcoin every single day on
28:08
channel. And I think if America and China
28:10
battling over Bitcoin hasn't convinced you to get started
28:15
buying, I don't know what will. So again, we highly encourage
28:18
you guys to sign up with the Bitcoin.
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Sign up with a Bitcoin well, and let's thank our other amazing
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show partners before we talk about this in a little bit more
28:52
detail. All right, guys.
28:54
We got a great show team for you today.
28:57
We will be right back after this commercial break.
29:08
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stampseed.com store. All right, guys, here are your
30:24
numbers for today. I don't think I've ever done
30:26
this before. The the Clark Moody's dashboard.
30:30
Sorry, we're going in and out with Luke.
30:33
Anyway, the price of Bitcoin today at this moment is
30:37
$101,740. That's 983 sats per dollar.
30:43
The market cap is at $2.03 trillion and we are at a -19%
30:52
decline from all time high. But fear not, Fear not because
30:59
the big print is coming. It absolutely is.
31:03
Now I want to add some numbers because we're talking about this
31:07
massive strategic Bitcoin reserve announcement in Taiwan.
31:11
We got China battling with America over $13 billion of
31:16
Bitcoin. Again, I asked the people.
31:18
Think about that for a moment. If China and America, they're
31:21
going into trillions of dollars of debt every year, over 1000
31:26
billion dollars of debt, they're just printing it out of the
31:29
wazoo. Why are they fighting over $13
31:32
billion of Bitcoin? I think the signal here is
31:38
there's 21 million coins, there's two and a half million
31:41
on exchanges and I think maybe we're starting to see nation
31:45
states recognize how important 13 billion or 120,000 Bitcoin
31:52
could be worth it because, well, don't.
31:54
Don't forget, Luke, just five years ago that 13 billion was 3
31:59
billion exactly. And that's why.
32:02
They weren't fighting about it back then.
32:04
Now they're seeing the writing on the wall.
32:06
They're seeing damn, if if that was 3 billion and now it's 13
32:11
billion in 10 years it could be be like trillions of dollars.
32:15
We better take this thing now before this gets out of control
32:21
and gets more difficult to take back.
32:24
I wonder if they found out about self custody yet.
32:27
I wonder if they understand how that works because we we.
32:30
Know Salvador has definitely oh. Definitely they get.
32:34
It now Speaking of El Salvador and I think a lot of the nation
32:40
state race that we're talking about today, I, I think the
32:44
squabble over 127,000 coins when you look at this chart, it kind
32:50
of puts it into perspective. We the biggest nation
32:53
stakeholders of Bitcoin, America and China, they both hold
32:56
somewhere around 190,000 coins, so 127,000 coins.
33:03
This is a sizeable amounts. I, I that kind of for me is I
33:08
think it explains why they're arguing over $13 billion worth
33:13
of Bitcoin. I think we're in this again,
33:16
some would call it a global hash war, a global race over Bitcoin.
33:21
I think Speaking of that, what was fascinating was Max Keiser
33:27
again, right now we have adopting Bitcoin going on.
33:30
This is the conference down in El Salvador and Russell Brand
33:35
and Max Kaiser were on the same stage together.
33:39
That's a so cool. So.
33:41
Cool, super cool. I might try to play this video
33:44
from here so if I'm not sure if the audio is going to work.
33:46
If it does, I have it I. Have it.
33:48
I can pull it up. All right, let's watch this
33:49
video. Let's do it.
33:51
Kind of. Moniker of what the future might
33:54
look like because I believe that the technology that we have
33:58
these days tends towards decentralization, mass
34:02
communication, potentially independent, mass transaction,
34:05
potentially transparent through blockchain.
34:08
And I think this cannot but facilitate decentralized
34:12
revolution. And my prayer is for countries
34:15
like mine in the United Kingdom that this could be undertaken
34:18
peacefully and lovingly. Because to come to a country
34:20
like El Salvador where there's abundant optimism, where the
34:24
young people I speak to seem educated and bright and
34:28
brilliant and faithful and enthusiastic.
34:31
Coming from a place like the UK where people feel loaded and
34:35
burdened and despairing. And this is not an accident.
34:38
Our consciousness has been lowered, our opportunities have
34:40
been lowered. The frequency is being lowered.
34:43
So to come to a place like this that is not not without its
34:45
problems and hasn't had significant challenges to
34:47
surmount. It's regularly explained to me
34:50
that you had long years of civil war, long years of gang warfare,
34:54
and it's taken a near miracle and serious intervention to get
35:00
El Salvador on what it is right now, which appears to me very
35:03
much the right track and a beacon for the old classical
35:07
world and even what was once referred to as the new World,
35:09
North America. Russell, I love this.
35:13
I love this comment. Russell loves them adjectives
35:17
because that's so real. He's he's kind of a poet and I
35:21
love the way that he talks about Bitcoin.
35:23
I love the way he talks about a lot of things.
35:26
But in particular, I love what he said about Bitcoin
35:30
decentralizing money and how that decentralization will bring
35:35
the decentralization of revolution.
35:37
But what I think he's, you know, being colorful about and how I
35:42
can break that down a little bit more simply, is the
35:44
decentralization of power, right?
35:49
I think it's the decentralization of power that's
35:52
the signal there, because if you start to give power back to the
35:57
people, right, it forces governments, it forces the
36:02
institutions around you to actually compete for your vote
36:07
with your money. And that is the real revolution.
36:10
You know, we, we think that revolution is going out into the
36:14
street and protesting and like having a good time with your
36:16
buddies. But in reality, it's making
36:18
change and it's taking it's, it's a demonstration of power
36:22
from the people. And what bigger demonstration of
36:25
power from the people than saying that we are not going to
36:28
continue you to live in your system, to use your Fiat, to use
36:33
the thing that you deem powerful.
36:35
We are going to completely come out of this framework by using
36:40
money that actually empowers us. And we're going to make you work
36:44
for it instead of us have to work for you.
36:48
I think that is the true revolution and I think that you
36:51
know it. It brings up the question if if
36:54
we started with what is money, we will end with what is
37:00
government. Fascinating.
37:03
I, I think that entire question is one that I think is going to
37:07
get asked by a lot of people. You made a really interesting
37:10
point. Russell made a really
37:12
interesting point. This is the first decentralized
37:15
technological revolution we're living through.
37:17
Again, I'm the biggest fan of the book The Sovereign
37:20
Individual. Their entire thesis is that we
37:23
are living through one of the biggest technological changes in
37:26
history, and each prior major technological change that
37:31
impacted how we organized and worked and what opportunities
37:35
there were in society. They're all centralizing.
37:37
We had the agricultural revolution 10,000 years ago that
37:41
centralized hunters and gatherers into farms and
37:44
villages, plowing the fields, working for the kings and the
37:47
Queens. Then about 10,000 years later,
37:50
we saw the industrial revolution in the 1770s.
37:53
What did that do? Centralized again.
37:55
Everybody moved from the farms and the villages to these big
37:59
mega cities like London and New York and LA because all of the
38:03
best jobs were in the machines, the factories and again, the
38:07
offices, the 9:00 to 5:00 debt slavery offices.
38:11
This is where the common consensus, the narrative, the
38:16
universities and the education system told us we had to go to
38:20
make the money. But now the again, the authors
38:23
of the incredible book Sovereign Individual, they're saying we're
38:26
living through the next big technology logical revolution.
38:29
This is the decentralized revolution.
38:32
We're moving from the industrial age to the information age.
38:36
And I think this is kind of what Russell is tapping into here.
38:40
Now for the first time in human history, I don't have to go and
38:43
work in New York or Sydney and or I have to be careful what I
38:47
say, but I don't have to do, I don't have to do everything that
38:52
my big government tells me I have to do to get a job again.
38:57
2020 happened but been and gone. We all know what we had to do to
39:01
work recently in the UK they're talking about digital ID's to
39:05
work. It is now mandatory to get a
39:08
digital ID and live in London, this big mega city where we have
39:14
mass control, mass surveillance is correct.
39:18
That's. Such a good point.
39:19
It takes away the power from certain locations.
39:22
Again. It's like land and locations
39:25
like that can't vote. It's the people who vote.
39:29
It's people who should really hold this power.
39:32
And it's, it's incredible how this next wave of, of
39:36
decentralization is going to empower the individual, empower
39:43
the the masses who actually have to work for the value and the
39:48
economy, while these very powerful people can just print
39:53
money for free. Yeah, absolutely.
39:56
And back retracking just a little bit on what Russell said
40:00
as well, which is actually something that's really
40:03
interesting and it's something that you don't recognize until
40:06
you travel to a country like El Salvador.
40:09
The people there are generally, they are actually more positive,
40:14
more happy. Than countries like America
40:17
overall. Now obviously there's advantage
40:19
and disadvantages to living in all different countries.
40:23
Like obviously the entrepreneurial spirit, it's
40:26
stronger in America, no questioning that, no denying
40:29
that. But the average person in
40:31
America, nihilistic, negative you, you do have to seek out
40:35
your tribe a lot harder in America.
40:38
I'm not saying it's impossible, but I'm talking about the
40:40
average citizen in America, nihilistic cost of living
40:44
crisis. They can't retire, they can't
40:47
escape the 9:00 to 5:00 and they've lost.
40:49
All their morals, like when you have a broken money, you have a
40:54
broken society, and I think that's what Naibukele figured
40:58
out you know, essentially if we fix the base layer of society,
41:02
it enables us to have to fix everything else because when you
41:06
empower the individual, when you empower the people of your
41:10
country, you realize that you actually have to do the things
41:13
that you promised and and Naibu Kelly has delivered on all of
41:17
that He's. Exposing a lot of the Western
41:21
governments and a lot of their flawed policies and all sorts of
41:26
he's exposing. That you could just do things if
41:29
you really wanted to and if you were transparent and you had a
41:33
moral backbone. Essentially.
41:36
Those are. Lacking amongst politicians all
41:39
around the world, but I think Bitcoin will be the great
41:42
exposure of that as it continues to seep into not only
41:47
governments, but the banking industry.
41:50
I think we've got some fascinating details to uncover
41:53
for you guys in the next segment.
41:54
I think before we do that, let's give again another shout out to
41:58
our show partners before we keep this train rolling.
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Hold on that. I have to pull up and I'm really
44:52
bad at pushing buttons and thinking at the same time.
44:55
Maybe it's because I'm a woman, maybe it's because I am heavily
44:59
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This is why we Bitcoin. Bitcoin is the easiest thing in
45:25
the world, makes trading easier, makes your life easier.
45:28
And it's not just us who think that.
45:31
It is the corporations, it is the institutions, it is the
45:34
banks. Again, there's some conflicting
45:36
data about what exactly is going on with these institutions.
45:42
There have been a lot of really good charts showing that OG
45:45
Bitcoin holders are actually selling.
45:48
Then there is countering information suggesting that a
45:52
lot of that Bitcoin that is showing up as a cell based on on
45:57
chain data is actually moving into BlackRock so that these Ogs
46:03
can financialize a portion of their Bitcoin.
46:06
They can borrow against the portion of their Bitcoin.
46:08
Maybe they're diversifying. Instead of having $10 billion a
46:13
Bitcoin on a bit key hardware wallet, maybe they want to put a
46:16
billion dollars of that in BlackRock and use it as a quote,
46:19
UN quote bank account. Again, I'm not calling an ETF a
46:23
bank account, but I hope you guys kind of pick up what we're
46:25
putting down here. So again, I want to kind of look
46:28
at what exactly is going on with these corporations because there
46:33
is, like I said, a lot of really interesting data as to what is
46:37
happening. So we can see this Yahoo Finance
46:39
article came out and they said this morning the slow down in
46:45
buying marks a sharp pull back from September when corporate
46:48
treasuries purchase more than 38,000 Bitcoin because this
46:54
month we can see public and private firms added 14,000
47:00
Bitcoin. So that is less than half it's
47:03
about half, less than half than what we saw in September.
47:07
But again, I think the signal here that's still more than all
47:12
the Bitcoin that's mined each month.
47:14
There's quick maths 450 Bitcoin mined a day.
47:18
If there's 30 days in a month, that means somewhere around
47:21
13,000 coins are mined a month. So even if corporations are
47:27
slowing their buying, only buying 14,447 in October, that's
47:34
still all the Bitcoin that's mined each month.
47:38
But again, it's a trend we're gonna keep an eye on and
47:41
continue following for you guys. We can see public companies
47:45
right now have bought 1,000,000 coins.
47:48
We've got governments sitting on 644,000 coins and now exchanges
47:54
according to this article. Again, this varies a lot.
47:57
The ETFs and exchanges held another 1.5 million coins.
48:03
So Sophie, do you think there's any signal here?
48:06
Do you think corporations slightly decreasing their buy in
48:09
action in October is anything to keep an eye on?
48:12
I don't know, I think. This is kind of a confusing
48:14
article only because these same corporations did a massive sell
48:19
off in in the beginning of November, right?
48:23
They saw the the prices go down and their clients sold
48:27
immediately. But I think this is also due to
48:29
the fact that we have been breaching the four year cycle
48:35
for as long as, you know, Bitcoin has been around.
48:40
And so I think a lot of people who have gotten exposure through
48:44
ETFs probably think that right now is the time to sell.
48:50
Right now is the end of the bull market.
48:53
And they're not actually tapped into everything else that's
48:56
going on in the news and economics.
48:59
And they kind of want to just like take their 2040%, which is
49:03
a lot for them and you know, call it a day, but what are they
49:08
going to do when you know that? And that means that the demand
49:12
has cooled off. But that doesn't necessarily
49:15
mean that these corporations are not buying Bitcoin for
49:19
themselves to have in reserves. That doesn't mean that they're
49:24
not going to have these cheap SAT's for, you know, for for
49:28
what it's worth available and then sell it to their customers
49:34
for a lot more in the future. Because don't forget like people
49:38
FOMO into Bitcoin and if they see a spike in the price and all
49:44
of a sudden it continue to go up, they're going to say, oh
49:47
wow, OK, this is still rallying. So I'm going to buy a little bit
49:50
just to see where it goes. And it happens every single time
49:53
without fail. I don't think that the
49:56
corporations are necessarily not buying Bitcoin.
49:59
I think their clients aren't buying Bitcoin.
50:02
And that is kind of like what I'm reading between the lines
50:06
here because I don't see, I don't see why these corporations
50:10
would stop buying Bitcoin at these prices.
50:13
I mean, isn't that why supposedly they were shaking the
50:16
weak hands? Isn't that why, you know, or at
50:20
least like that's that's what a lot of people were speculating.
50:23
Oh, the government, the institutions are all shaking
50:25
weak hands so that they can buy cheap sats.
50:28
Well, here they are. It's time to buy them.
50:33
And you know, while their clients might be missing the
50:36
boat, I think that there is absolutely no way Uncle Larry,
50:42
Bitcoin Employee of the Year, is going to be missing out on this.
50:47
I couldn't agree more. And I think one of those big
50:51
institutions is Cantor Fitzgerald.
50:53
I think we're going to try to play you guys a video of what
50:56
they just recently said about Bitcoin and it being a better
51:01
commodity than gold, because I think this kind of gives us a
51:04
little bit of an insight of where they think Bitcoin's going
51:08
long term. I think you're going.
51:09
To have to play that one because I don't have it.
51:12
Well, if this audio doesn't work for you guys, we can summarize
51:15
it. It's just a short little clip.
51:18
Just make a full screen. Also, Oh, I don't think the
51:21
audio's working here. Send me that.
51:23
Send me that and I will. We can summarize it for the
51:29
people. We've got Cantor Fitzgerald
51:31
employees coming out and saying that there is no top to Bitcoin.
51:36
It's far more valuable than gold.
51:39
And I, I think this is again, this is another signpost because
51:42
Cantor Fitzgerald massive, massive Bitcoin bull.
51:47
I think Howard Lutnick in his personal portfolio has 40% of
51:52
his money in micro strategy. Again, I think this is a huge
51:57
signpost. I think he is more connected
52:00
than most when it comes to just rubbing shoulders with Donald
52:06
Trump and knowing the insurance and the outs of potentially what
52:10
is coming next. So I, I think we always like to
52:14
just show you the signposts here.
52:16
And I think if Cantor Fitzgerald is saying there is no ceiling on
52:19
how high Bitcoin can go, I, I think that should maybe give the
52:24
people a little bit of pause when they see charts like this,
52:28
because I've seen a lot of people show this chart.
52:30
And look, I think Ogs and long term holders have sold some of
52:34
their Bitcoin. They do it every cycle.
52:37
They sell when the Bitcoin price gets above its previous all time
52:40
high, it's natural to peel a little bit of Bitcoin off.
52:44
But I think I've seen this chart get shown a lot recently and I
52:48
think maybe some things that could be a little bit different
52:51
with this chart that might explain why there are so many
52:54
yellow and red lines. Is bitcoins becoming more
52:59
institutionalized? We do have all of these public
53:03
treasury companies, like 21 with Jack Marlers.
53:08
We've got micro strategy. Adam Back was involved in
53:12
creating a different publicly traded company recently.
53:15
And the way that a lot of these companies are getting created is
53:19
a lot of these OG bitcoiners, they're putting their Bitcoin
53:23
into the treasury to start it. So while you might have this
53:26
chart that says, and it's titled OG whale dumping, this isn't
53:32
necessarily dumping. What they're showing is
53:35
addresses that are 5 years old and seven years old in the
53:39
yellow and the red. They are moving Bitcoin that
53:42
hasn't moved for five to seven years, but this might not
53:46
actually be getting sold. Sure, some of this could be cell
53:50
pressure, not denying that. There's again, if you had to ask
53:53
me to put a probability on it, probably 10 or 20% of the lines
53:55
here is cell pressure. It's natural to take profits,
53:58
especially if Bitcoin's at 100K and three years ago is AT25K15K.
54:04
Yeah, people. People forget that they want to
54:06
live their lives like a lot of the reason that some of these
54:09
people got in was not was to store their wealth and to
54:14
protect their wealth. So why wouldn't they be spending
54:17
it on things that they like to do?
54:20
Exactly. Bitcoin is money.
54:22
We're supposed to spend a little bit of it as it goes up in
54:26
value. Now Speaking of it's going up in
54:29
value, I think we have a very, very interesting indicator that
54:34
we want to be looking at in the next segment of today's show
54:38
that might maybe suggest that Bitcoin is going to be going up
54:41
in value in the not too distant future.
54:43
But again, before we get to that, let's give one more shout
54:46
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56:58
All right, guys, the Mcrib is officially back in the United
57:05
States. We had originally broken this
57:07
news and said that it was back in New Zealand, but forget all
57:12
that. It's now back in the homeland.
57:17
And what does that mean? A lot of people, you know, say
57:21
that memes imitate life, art imitates life, life imitates
57:25
art. And this is one of those moments
57:27
because every single time that the Mcrib has come back, the
57:31
price of Bitcoin has pumped. Is that something that might
57:34
happen this time around? I'm not sure.
57:37
I'm just giving you the indicators, however.
57:41
You know. It did launch and so I am very
57:44
excited for that because I also just like M Slob and kind of
57:48
like the MC rib well here. We go confession.
57:52
I eat a McDonald's every now and then, but I've never had a MC
57:54
rib. Maybe it's not a South American
57:56
thing, but let's start a protest.
57:58
Get this thing it's. Disgusting, but like.
58:02
But. It's also amazing so you know
58:06
you got to try it at least once. The MC.
58:09
Rib is back and again, I think the timing of the MC rib coming
58:13
back, it's interesting timing that's for sure.
58:16
Bitcoin just touched its fifty week moving average.
58:20
And hey, last time that happened, the MC rib came back
58:24
in early 2025 when Bitcoin, what are we, we got out of the
58:28
purgatory of $60,000. We were there for six, 7-8
58:33
months. Everybody was calling it over.
58:36
Everybody was saying pack it up, boys, Black rocks distributing,
58:41
pack it up and girls, we got Sophie on the stream, but
58:44
everybody said it's over and again.
58:46
It's what's really interesting is I got a pop up just a moment
58:49
ago looking at Bitcoin fear and greed.
58:52
And what's fascinating for me, I've never seen the sentiment as
58:58
horrifically bearish at it as it is right now, especially with
59:03
Bitcoin, what, 20% away from an all time high?
59:08
Let's pull that up. We are right now 24 that is
59:12
fearful. That's abysmal.
59:14
It is, but it's really. Accurate.
59:16
I think a lot of people feel that way.
59:18
A lot of people are not hopeful that we are going to make it out
59:22
of this because let's be, let's be real, this has been a bear
59:26
market. The Trump administration has
59:28
been a bear market guys. And, and what we thought was
59:32
going to be, you know, 203 hundred, some people were even
59:37
saying $500,000. Bitcoin has literally just been
59:41
crab walking side to side. However, a serious indicator of
59:47
what might be to come, aside from the Cantor Fitzgerald's of
59:51
the world rubbing shoulders with the Trump administration, is
59:56
Trump's son himself. And no, not our favorite Baron.
1:00:00
But Eric Trump said recently in an interview that he believes
1:00:06
that at some point, maybe not soon, but at some point, Bitcoin
1:00:11
may hit. $1,000,000 a coin and that he's still optimistic about
1:00:17
Q4. So here he is saying like giving
1:00:21
an interview about and answering a question about this topic.
1:00:27
I don't know if we can play it. Can we play it?
1:00:29
We don't have it. I don't have it on our end.
1:00:31
We are. We're.
1:00:33
We are. We are you know, you're just
1:00:35
going to have to trust us bro. He, he did say this and it was
1:00:39
recent, I think it was 2 days ago.
1:00:41
So again, between China asking for their Bitcoin back Taiwan
1:00:49
starting to look into a Bitcoin strategic reserve, the
1:00:54
quantitative easing that is about to occur in China,
1:00:59
followed by likely the Fed after QT ends in December.
1:01:05
These are all signs that we might be gearing up for one of
1:01:09
the biggest bull runs in our history.
1:01:12
And you know it. I, I kind of feel like our
1:01:15
patience has been tested and therefore must be rewarded at
1:01:20
some point because if not, if I don't believe that I'm going to
1:01:24
go crazy honestly, all like this is going to be if I have to wait
1:01:26
another four years for a bull run like Satoshi and I are going
1:01:32
to have some problems. But.
1:01:34
But it sounds like we are now gearing up and like these cycles
1:01:38
are transitioning from being bullish in Q4 to being bullish
1:01:43
in Q1 of, you know, two years after the halving.
1:01:47
It seems like since the institutions and the government
1:01:52
has come onto the scene, all of our, you know, models and the
1:01:57
cycles as we know it are breaking.
1:01:59
And I think a couple of like last week or something, Opti and
1:02:04
I had covered on the show how the only model that has made
1:02:08
sense. Oh my God.
1:02:08
And Luke's going to get mad at this 'cause he said on the show,
1:02:11
he's like, Luke's going to hate that we're saying this.
1:02:13
But the only model that has kind of made sense is the power law
1:02:19
model. And like, I'm not saying that
1:02:22
we're going to have to wait an eternity or double the amount of
1:02:26
time in this case for Bitcoin to double.
1:02:29
But I think that that is adding to this hypothesis that it's
1:02:36
being pushed right. We, we might have experienced
1:02:41
bull runs or these huge in October, then we experienced
1:02:46
them like more towards the end of the year.
1:02:47
And now January might be looking like our month, but we'll see.
1:02:54
I don't know anything. This is not financial.
1:02:58
Advice. Never financial advice, but
1:03:02
that's kind of where I sit. I, I saw, I haven't had the time
1:03:05
to dive into this rabbit hole super deep, but I saw a lot of
1:03:08
people saying America is extending the maturity of its
1:03:11
debt. So instead of rolling over one
1:03:13
year, 2 year, three-year debt, then more going out on the long
1:03:16
end of the curve and they're doing 2 year, three-year, 4
1:03:18
year, five year debt. So that's kind of elongated the
1:03:22
liquidity cycle a little bit, which explains the chart we're
1:03:25
talking about earlier, why we haven't seen that big spike in
1:03:28
M2 like we see at the end of these four year cycles.
1:03:32
So that's kind of where I am. Again, historically, it's been
1:03:35
the worst Bitcoin bull run ever. You mentioned it, the power law.
1:03:41
Oh wow my. I'm sorry, Luke.
1:03:44
I'm sorry. Right with the power law.
1:03:48
I I won't go off on a 10 minute power law rant like I did
1:03:53
yesterday, but all I'm gonna say is what I tweeted a couple of
1:03:56
days ago. The power law will claim it's
1:03:58
right if the price of bitcoins between 50,000 Yeah No 5. 100
1:04:02
No, the margins are like, really?
1:04:05
You're actually, that's a really good point, the market because
1:04:07
when Nico was talking to me about it and like kind of
1:04:09
talking me off a ledge and telling me, hey, like, you know,
1:04:12
everything's gonna be OK, He was saying like, look, like this is
1:04:16
when the next all time high could be according to the power
1:04:19
law. There is this other model while
1:04:21
he was like explaining it to me and I was like, OK, and he and
1:04:26
you know, one of the he's like and the bottom could be I was
1:04:28
like the bottom. There could be there's a bottom
1:04:32
to this power law thing and it's super low.
1:04:35
Like, wait, what are you talking about?
1:04:37
Like this is like this. It pretty much said nothing to
1:04:41
me after that. Once he brought up the bottom, I
1:04:44
just thought that we were talking about like average
1:04:46
prices or just tops. I was like, I was cool with
1:04:49
that. But then he mentioned a range.
1:04:52
Absolutely not. We're I'm so done with ranges.
1:04:57
For anyone who doesn't know what we're talking about right now,
1:05:00
I'll pull up a quick chart of the the power law.
1:05:02
I I think it's the most bearish model in Bitcoin.
1:05:06
I've I've had my gripes with the power law here it is This is the
1:05:09
power law. It's supposedly the the great
1:05:12
the great predictor of price. It looks as if the bottom right
1:05:17
now 2025, it's I can't. It's somewhere around 50 to 60
1:05:22
to $70,000 I believe. But again, I think long term, we
1:05:26
all know where this thing's going absolutely long.
1:05:28
Term like we know that for sure. I just think that because we've
1:05:32
talked about the cycles for such a long time and we've had this
1:05:35
expectation built up in our minds.
1:05:38
It's, it's painful, it's just feelings, right?
1:05:45
Let's leave today's show on pain, Pain, fear.
1:05:48
I don't think it's. Necessary because there's so
1:05:51
many other that listen, once I saw that China was in the mix
1:05:57
and that they were going to start to, I mean, in my opinion,
1:06:01
compete with the United States on holding Bitcoin, not just in
1:06:06
China, but through their other, because I like to call it
1:06:10
satellite countries, Taiwan and and and Hong Kong, I think and
1:06:18
Bhutan you had mentioned earlier as well, right?
1:06:20
I think that the way that they're doing it all sneaky is
1:06:25
the signal that we are, we are going to start competing with
1:06:29
them on that front as well. We we just won't have a choice.
1:06:33
It'll be whether we like to do it or not.
1:06:35
We're just gonna have to, because China's doing it.
1:06:41
It's hard not to be bullish, and I think that's the signal.
1:06:44
I think it's impossible to be pessimistic on Bitcoin right now
1:06:48
when you've got America and China, two largest nation states
1:06:52
in the world fight, literally fighting over 127,000 Bitcoin.
1:06:57
I think that is all the signal and let's take.
1:07:00
It the other way around too, right, The UK and which is, you
1:07:05
know, they're not part of the EU, but the UK which is like
1:07:09
having their own troubles and they're not even like really
1:07:12
competing that much. They have the third biggest
1:07:16
Bitcoin reserve in the world. You know, Europe is just like
1:07:20
completely not even in the competition at this point.
1:07:23
And I think that that's why they're trying to launch a
1:07:26
central bank digital currency. They're trying to see how they
1:07:29
can keep control without having to necessarily adopt Bitcoin
1:07:33
because they know that, you know, once they do that, the EU
1:07:37
is totally over. And these countries will go back
1:07:40
to having their own currency and their own monetary policies.
1:07:44
But you're going to see more and more serious countries come up
1:07:51
and say, hey, I want in and they're going to figure out a
1:07:55
way to get it. And right now it might be
1:07:57
through seizure, it might be through this petty fighting, it
1:08:00
might be through XY and Z. But eventually something's going
1:08:03
to have to give because Bitcoin is absolutely scarce.
1:08:07
They're going to have to capitulate and buy Bitcoin and
1:08:10
put energy behind it and infrastructure and start ban,
1:08:14
sorry, mining on a national level.
1:08:17
And I think that's what Trump supposedly promised.
1:08:20
Let's see if he comes through on that promise.
1:08:23
But that is what China is already doing.
1:08:26
And they have the, they have the land, they have the power, they
1:08:30
have the infrastructure to do this sort of thing.
1:08:33
So we as a country here in the US have to get it together and
1:08:39
start accelerating because once China starts to do it, we might
1:08:45
actually fall behind. I'm team.
1:08:50
Put gasoline on that bitch. Slide it up.
1:08:57
I don't think I can add anything to that, Sophie.
1:09:00
I think that's a beautiful note to end today's show on if you
1:09:03
don't have anything else to leave the incredible listeners
1:09:07
and viewers with today, I just. Want to thank you guys for
1:09:09
tuning in. Thank you guys for giving Luke
1:09:12
and IA chance to be your host today.
1:09:15
Nico and I will be back in the driver's seat tomorrow and
1:09:20
Friday and then all will be normal.
1:09:23
You will have Niko and Opti back on Monday.
1:09:27
Right now they are at Mining Disrupt.
1:09:29
If you want, you can check out that live stream.
1:09:32
I am also coming out with a new episode of Satoshi tomorrow and
1:09:37
Friday and potentially Monday because I'm covering for Dante
1:09:42
and Rustin. So if you guys love the show,
1:09:46
smash the like button, hit the subscribe, turn on that
1:09:50
notification bell so that you can get the most bullish signal
1:09:54
in Bitcoin only news. And until tomorrow.
1:09:58
Thank you guys so much for watching Peace.
1:10:02
Today's episode was brought to you by bitcoinwell.com, a
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1:10:08
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