Latest / Simply Bitcoin / German Gov Continues MASSIVE Bitcoin Selling Spree | EP 1027

Transcript

German Gov Continues MASSIVE Bitcoin Selling Spree | EP 1027 · Simply Bitcoin

0:02
It's all going to zero against Bitcoin.
0:06
It's going on forever. You're against Bitcoin.
0:16
You're against freedom. Yeah.
0:22
Welcome to Simba. Welcome to Simba the Coin Live
0:28
Oh my God, it's been a I'm getting back from Canada.
0:32
All right, anyways guys, you're tuning in to the Bitcoin.
0:35
Your number one source for the peaceful Bitcoin revolution of
0:38
card breaking news culture. Matic warfare will be a guide
0:40
through the separation of money and state.
0:42
Sit back, relax, enjoy the ride. Lots to cover today.
0:46
Specifically, the German government continues to separate
0:49
money from state. Literally they're just dumping
0:52
this massive amount of Bitcoin. People are speculating that
0:56
that's the reason as to why the price is dumping the way it has
1:00
and also pretty crazy. The RNC, the Republican National
1:05
Committee has come out and has made it one of their key points
1:10
that if you elect the Republican Party, they will protect
1:14
Bitcoin. Also shout out, of course, to
1:17
David Bailey of Bitcoin Magazine, ACEO, specifically of
1:21
BTC Inc 'cause he's, he's played a major role in that just kind
1:25
of influencing the Trump campaign and, you know, pointing
1:29
them in the right direction. And I, I, I really like what
1:32
they're doing because they're separating Bitcoin and crypto,
1:36
which I think is a massive deal. It's a big deal to say the
1:40
least. So very, very bullish about
1:42
that, but not so bullish on the German government.
1:45
Seems like they they're gonna have fun staying poor.
1:48
Also, in other news as well, more than half of the top 25
1:53
hedge funds in the United States are now exposed to Bitcoin.
1:57
That is absolutely massive. These hedge funds have a
2:00
tremendous amount of influence. And I think it's it's don't pay
2:05
attention to what they say, pay attention to what they do.
2:09
But notably, it seems like Ray Dalio's hedge fund, Bridgewater
2:13
Associates, has still not bent the knee to the king.
2:17
But it seems like a lot of other influential hedge funds have.
2:21
So we're gonna go through all of that today.
2:23
It's gonna be a loaded show. Lots of news to go over.
2:26
We're gonna go into the specifics of how much Bitcoin is
2:30
being dumped by the German government.
2:32
Who's buying that? That Bitcoin hint hints
2:35
BlackRock and a lot of these ETFs.
2:38
And again, there's this beautiful thing about Bitcoin,
2:41
right? And it's similar to like what
2:43
happened during the China mining ban.
2:45
Hash rate dropped 50%, the hash rate located overseas, and of
2:50
course, the price recovered. They could only ban Bitcoin one
2:53
time, right? German government could only
2:57
sell the amount of Bitcoin that they've accumulated, seizing and
3:01
you know, confiscating and all that stuff.
3:03
They can only sell that Bitcoin one time.
3:05
Once they run out of Bitcoin to sell, you know, that's it.
3:09
The party's over. People are buying those cheap
3:12
Satoshi's. I think the German government is
3:14
going to regret that decision 510 years from now.
3:17
But, you know, that's what governments do.
3:19
I think they're they're incredibly inefficient and thank
3:22
you shout out to the German government for separating money
3:25
from state literally. So we have lots of news to cover
3:28
today. Of course, we're going to be
3:29
doing a Bitcoin well giveaway as well.
3:32
So stay tuned till the end of the show and we'll we'll toss a
3:37
coin into the Bitcoin wishing well.
3:39
Anyways, no more delay. I want to bring up my other
3:40
coast. He fixed his he fixed his
3:43
Internet. He's hold.
3:44
Up. Hold up.
3:45
HD ladies in the house how you doing bro to?
3:48
Be clear to be clear here guys, I know, I know.
3:51
I get a lot of SH bad mouth on the show.
3:55
I forgot what were the first couple of minutes, but it wasn't
3:57
my fault. OK?
3:58
I was on support with with Restream all day and I think I
4:01
might have found a bug yesterday, but I'm back.
4:04
I'm hardwired in, so no, hopefully no, no more technical
4:08
issues on my end. But yeah man, yesterday was a
4:10
great show. I'm bummed that I wasn't a part
4:12
of it, but absolutely great show yesterday and today is going to
4:16
be a good show. I'm I'm all I'm all in HD now.
4:19
I I have good, good Internet in here, so we should be good.
4:22
But anyways, enough of me, enough of me.
4:25
I think we had a perfect segue because I was telling our guest
4:27
today, very special guest and he came on.
4:30
He's like, I, I wasn't aware you guys were live show.
4:33
I thought maybe you're re recording.
4:34
I'm like, don't worry about it. Keep going.
4:36
And instantly in the 1st 20 seconds, Nico can't speak
4:39
actually opened up the show, couldn't speak, hashtag Nico
4:42
can't speak And also hashtag front ran Wall Street.
4:45
So guys, we're just winning so Hard Out Here.
4:49
It's incredible being a Bitcoiner.
4:51
Anyways, enough further ado. Let's bring up our guest today.
4:54
We got Sean McDonald, I would say Bitcoiner entrepreneur, but
5:00
what we're talking about today is his company, Salt of Earth,
5:03
electrolytes, guys. And you know me, I say it all
5:05
the time, get outside, touch some grass, get your body, get
5:09
your body right, get your mind right.
5:10
And what's the point of having the best money in the world if
5:12
you can't usher in that money? So today, guys, you might might
5:17
not be necessarily fully on topic, but this is turning into
5:20
a lifestyle brand. So we're going to talk about why
5:23
you need some electrolytes versus just water.
5:26
And also Sean has some really good, some Bitcoin lore here.
5:30
So I think you guys are going to enjoy this.
5:31
But Sean, how you doing this morning?
5:33
And then of course, do a little one minute TLDR of what Salt of
5:37
Earth is and then we'll get into the show.
5:39
Sure. So thanks for having me on guys.
5:42
I yeah, Salt of the Earth is a premium electrolyte stick pack
5:49
beverage mix that you mix in your water and it's kind of like
5:54
a better version of element. Started it last year while I was
6:00
travelling around the world on this like surf sabbatical.
6:03
I was in Bali getting super dehydrated from a lot of surfing
6:08
and training and sauna and yeah, I, I really have been embracing
6:15
the Bitcoin community as well and accept Bitcoin as payment on
6:19
my website. I have Bitcoin rewards with Oshi
6:23
and like referral links and stuff like that.
6:27
And so, yeah, I could go into talking about how I got into
6:32
Bitcoin and. We'll save that for the culture.
6:36
We'll save it for the culture. He's a bit corner with some
6:39
delicious electrolytes for you guys.
6:41
Delicious, delicious we'll. We'll plug all that in the
6:44
culture, but man, glad to have you here and I'm I'm really
6:46
excited to cover some of the Bitcoin lore that we were
6:49
talking about before the show. So hang out for the culture
6:51
guys. You're going to enjoy these
6:52
stories. Absolutely, guys.
6:54
So if you're enjoying the show so so far, it really, really
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helps with the algos if you smash that like button.
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So if you're watching us on YouTube, smash the like button.
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But buckle up because we have an incredible show lined up for you
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guys. But before we jump into it, I do
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Head over to bitcoinwell.com/simply BTC to
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Anyways, guys, let's hit the numbers.
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Lots to talk about. Let's check it out here we go
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block height 851,435 blocks to having 198,565 having estimate
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March 31st 2028 Total lightning network capacity 4977 BTC
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capacity value 286 million U.S. dollars Realize monetary
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inflation 1.53% market capitalization 1.14 trillion
10:21
Bitcoin verse gold market cap 7.02%.
10:26
In the grand scheme of things, we're just getting started
10:29
anyways. Historic news yesterday, Bitcoin
10:32
coin is entering into, into the political sphere.
10:35
But I just want to remind everybody, it's not that Bitcoin
10:38
needs politicians or, you know, politics in general.
10:43
It's that Bitcoin, this movement has accumulated so much
10:47
influence, so much power, to put it bluntly, that now politicians
10:52
need Bitcoin to get elected. Remember, politicians don't
10:56
pander to you just because they feel like it.
11:00
They're doing it because they feel like it can get them votes.
11:03
They feel like it can get them donations, right.
11:05
And now our cause, because that's what this is our movement
11:09
has become influential enough for politicians to be like, you
11:12
know what, that Bitcoin industry, there's a lot of
11:15
wealthy bitcoiners over over there.
11:17
They could potentially be donors, right?
11:19
So that's exactly what's happening.
11:21
And I, I believe that's a good thing, obviously, because if you
11:26
know, the Republican, the Republicans get into power
11:29
again. So far, they only have control
11:31
of the House at the moment. Democrats have control of the
11:34
Senate and the presidency this election.
11:36
It seems like Trump, according to the betting odds, has a
11:39
really good chance of winning. Now all of a sudden, the men
11:43
with guns protect you, right? And of course, I know that's
11:47
very unpopular with a lot of Bitcoiners.
11:49
But you know, in the transition from the analog Fiat political
11:55
age into the information age, where we believe that Bitcoin
11:59
eventually will make politics irrelevant during the
12:02
transitionary period, unfortunately, politicians still
12:05
hold a tremendous amount of influence over society.
12:09
That's the way it is. Do you want those?
12:12
Do you want those to use Opti's words?
12:14
Do you want those parasites to be on your side or do you want
12:17
them to be on the side of CBD CS?
12:20
Because that's really the battle at hand.
12:21
It's not left versus right. It's not liberal versus
12:23
conservative. It's the party of orange versus
12:26
the party of Fiat. Anyways, all of that being said,
12:29
let's tie that up with the nice bow on top.
12:31
Let's move on to this. So the RNC passed a draft
12:34
pledging to quote defend the right to mine Bitcoin and
12:38
protect self custody. So here are all the things that
12:42
they promised that they would do if they were are to get re
12:46
elected into office. We're going to skip all the
12:48
political stuff that's not related to Bitcoin because it
12:50
really doesn't like it's a Bitcoin show after all.
12:54
But first it's cut regulations make the tax cuts permanent,
12:59
fair and reciprocal trade deals reliable and abundant low
13:02
energy. And here is the part that has as
13:06
it relates to Bitcoin, and they mentioned Bitcoin by name, by
13:09
the way, it's not only crypto, but it goes on to say
13:12
Republicans will pave the way for future economic greatness by
13:16
leading the world in emerging industries.
13:19
It goes on to say crypto Republicans will end Democrats
13:22
unlawful and UN American crypto crackdown and oppose the
13:25
creation of a central bank digital currency.
13:28
We will defend the right to mine Bitcoin and ensure every
13:32
American has the right to self custody of their digital assets
13:36
and transact free from government surveillance and
13:39
control. This is exactly what you want to
13:43
happen because all of a sudden, right, even if they don't get
13:47
elected, right, like even if the if, if the other side wins and
13:50
whatever, it doesn't seem like it, at least now they've moved
13:54
the Overton window. They've highlighted the fact
13:57
that, hey, if you are against this, this is what you're voting
14:00
for. Your pro government
14:02
surveillance, your pro government control, your pro
14:05
central bank digital currency and your pro your and your anti
14:10
Bitcoin. So I'm sure that there's a lot
14:13
of people that are quote, UN quote on the Democratic side
14:16
that aren't any or are pro any of these things.
14:19
So it's becoming very clear. And by the way, this was not
14:23
meant to become a partisan issue.
14:25
They made it a partisan issue. As soon as they started
14:28
arresting the Bitcoin, the the samurai, the developers, as soon
14:34
as they started arresting the Tornado Cash, Roger Ver, they
14:38
went after Caitlin Long's Custodia Bank.
14:41
They proposed a 30% income tax on Bitcoin miners like they're
14:44
hell bent on destroying the industry because they want to
14:48
create a total monopoly for their central bank digital
14:51
currency. Their central bank digital
14:52
currency won't compete. It can't compete with Bitcoin,
14:55
right? So it needs coercion, right?
14:58
But what they're doing is that they're exposing the other
15:01
party. I don't believe that by 2028 any
15:04
politician or any political party is gonna is gonna is gonna
15:09
be able to have a pro, a pro CBDC and an anti Bitcoin stance
15:15
because it's just going to be politically unviable.
15:17
But I think they're trying to get away with it now.
15:19
They're putting a lot of their bets on this election.
15:22
We'll see what happens. But now you guys know if you
15:25
live in the US, in if you live in the US this November, Bitcoin
15:30
is on the ballot. And it seems like the Republican
15:33
Party and Trump are obviously taking a very pro Bitcoin
15:38
stance, anti CDC stance, pro self custody stance.
15:41
And the Democratic Party is taking the exact opposite
15:45
stance. I hate that it's become
15:47
partisan, but that's the reality of the situation.
15:49
And we're just here to report the news.
15:51
Here's David Bailey, CEO of BTC Inc, which is the Bitcoin
15:55
magazine and the Bitcoin conference.
15:58
And he he played a big role in orange peeling Trump and, you
16:03
know, advising the Trump team on Bitcoin.
16:06
So here is an interview on the legacy media.
16:09
Let's hear what he has to say. It's about four minutes.
16:11
I don't know if we'll play the entire thing.
16:12
Let's check. Let's check it out.
16:14
Well, First off, Josh, thank you for having me on the show.
16:15
And I have to say, investors are still very excited about the
16:18
Bitcoin ETF. Thank God we have Bitcoin ETFs
16:21
because it's been a brutal week of selling from the German
16:23
government and from and Mount Cox bankruptcy claims finally
16:26
paying out after 10 years. And so those ETFs are actually
16:28
absorbing a lot of the liquidity blow that's happening right now.
16:31
So we're about 2/3 of the way through the German government
16:34
just dumping their Bitcoin and we're eager to see it concluded.
16:38
But I think that will wrap up probably next week.
16:40
What would you, you know David, you look at the potential kind
16:42
of near to intermediate term catalyst, you know, what would
16:44
you be looking for? Is it you know a dovish fed a
16:47
rate cut or two? Would that help?
16:49
I think there's probably two major catalysts that are driving
16:51
the Bitcoin in action right now. First off, we just had a Bitcoin
16:54
halving that occurred in April. Historically, every Bitcoin
16:57
halving has caused a supply shock with Bitcoin.
16:59
And so these are kind of the precursors to what makes the
17:03
price of Bitcoin dramatically rise over the next two years.
17:06
And so a lot of people in our industry are very eagerly
17:08
watching that play out. It takes time for the supply
17:10
shock to really bake into the market dynamics.
17:12
And then the second kind of new catalyst I'd say is the
17:16
political environment for Bitcoin.
17:18
Just today details were released about the RCS official platform
17:23
as it relates to Bitcoin and crypto.
17:25
And for the first time ever, Bitcoin is one of the key
17:27
components of a major political parties platform.
17:31
So I think that there's a lot of positive developments to come on
17:33
the on the political and geopolitical side that are
17:35
really kind of brand new catalyst for our industry.
17:38
Just let's stick with politics David, cuz my are saying is you
17:40
actually met former President Trump.
17:43
I'm just curious how that came about.
17:45
David, what did you guys talk about?
17:47
Yeah, we, we talked to Bitcoin mining, we talked how Bitcoin is
17:49
aligned with the president's agenda for energy independence,
17:52
for energy abundance, for America first to really dominate
17:56
what's a, a strategic asset of the United States.
18:00
So the president is, is very aligned with the Bitcoin
18:03
industry and sees the opportunity that Bitcoin offers
18:06
the United States and and also the risk, you know, a, a lack of
18:09
action would bring about as well.
18:11
So it was a very fruitful conversation.
18:14
It's also where, you know, the president in his his class
18:17
classic style coined the term we want Bitcoin made in America.
18:20
So it was. It was very successful.
18:22
It's interesting, David, because you, you had, as you're pointing
18:24
out, rightfully, I mean, you're seeing this.
18:26
I mean, crypto has become an issue in this election and it's
18:28
interesting to see Trump position himself as an ally of
18:31
the crypto community. Do you think that works, David?
18:33
Do do you think he'll win over the crypto community?
18:36
Yeah, absolutely. It's already happening.
18:37
You know, there are 70 million people that own Bitcoin or
18:39
crypto in the United States. And there's an old political
18:42
adage that people vote their pocketbook.
18:44
Now, digital assets, Bitcoin is people's pocketbook.
18:48
And so when they're making an analysis of who they're gonna
18:50
vote for, there's a lot of single issue voters that their
18:52
number one priority is what's gonna be good for the value of
18:55
My Portfolio. And so when you look at the two
18:57
candidates right now, Trump has done a really amazing job at
19:02
making himself stand out as really the only candidate to
19:04
pick. So, you know, we've we are
19:06
trying to raise $100 million for the president's re election
19:08
effort. And then we're trying to turn
19:10
out 5 million votes, swing votes in this upcoming election.
19:13
And so I think, you know, Bitcoin is really having its
19:16
political moment. Dave, I'm also curious.
19:17
Let me get you out on this. When you talk to your friends
19:19
and family and maybe they don't own Bitcoin and they're thinking
19:21
about it, what do you tell them? What?
19:23
What's the reason you say buy Bitcoin?
19:25
Do you say, David, store a value?
19:27
Do you say me in exchange? What's the story you tell them?
19:31
You know, it's a little bit of all of it.
19:33
I think, you know, you, you kind of cater the message of Bitcoin
19:35
to who the buyer is. You know, there's different
19:38
things that intrigue people about the technology.
19:40
You know, personally, I think what's what's most exciting is
19:43
like we, we live in a in a world that's very fractured.
19:45
Our monetary system is very fractured globally.
19:47
Bitcoin represents a fresh start, the ability to rebuild
19:50
and re architect our monetary system for the world on a clean
19:54
infrastructure. And so when I, when I look at
19:57
Bitcoin, I, I make the case the of Bitcoin as as kind of the
20:01
primary asset of. Of a of a future monetary system
20:03
and you know it at fundamentally it's the number go up story.
20:06
It's like what is one Bitcoin theoretically worth if Bitcoin
20:08
fulfills its potential as as you know the the the new monetary
20:11
system. So I mean, there's you, you
20:15
heard it from the horse's mouth himself, right?
20:17
And of course, here is here is Katie Bieber.
20:22
And he says history has been made.
20:23
Crypto is the official GOP platform.
20:25
Republicans will end democratics unlaw, Democrats unlawful and UN
20:30
American crypto crackdown and oppose the creation of a central
20:32
bank digital currency. So I mean, like, yeah, Bitcoin
20:36
has entered the political discussion.
20:38
That's clear as everyone that's clear as day.
20:41
Everyone can see it. Shout out to the Bitcoin
20:43
magazine team, like I was saying.
20:45
And yeah, I mean, it is kind of weird though.
20:48
It is weird. It is like, it is strange that,
20:51
you know, one party is anti Bitcoin, one party is pro
20:54
Bitcoin. I never thought it was going to
20:57
happen so quickly. I thought this was eventually
20:59
going to happen, but I thought I was going to happen more like in
21:02
2028, definitely not so soon, which is pretty crazy, but
21:08
Bitcoin tends to surprise everyone like that.
21:10
Anyway, Sean, I want to get your take on this.
21:13
Yeah, it's, it's it's crazy, man.
21:14
Put Bitcoin has entered into the into the political sphere.
21:18
Yeah, I, I thought that when Mayor Suarez was trying to make
21:24
a run at the presidency that his enthusiasm for for Bitcoin was
21:30
gonna maybe help him out a little bit more than it ended up
21:33
doing. But yeah, it's, it's interesting
21:36
to see how, how Trump's kind of like fully embraced it and, and
21:41
really rallying people around it.
21:43
And I mean, I don't think, I don't think Biden has a chance.
21:50
I really don't. Opti, what's your take, brother?
21:55
OK, All right. I might get a little spicy here.
21:57
So, you know, PSA everyone. But of course, you know, as a
22:02
Mexican Californian or a Californian Mexican, I've
22:06
basically been a Democrat by default my whole life.
22:09
But the Republican Party is doing a very good job of
22:12
persuading Bitcoiners. And I'm not completely sold on
22:16
like A1 policy issue voting per SE, because we've seen, you
22:21
know, a couple times where politicians come out and say
22:23
they're pro Bitcoin and then you probably don't agree with
22:26
everything else they're doing. So I'm a little iffy on just
22:29
like one policy voting in general.
22:32
But I think what the Republican Party is doing is they're
22:35
realizing, and I've said this for I think over a year now,
22:38
that Bitcoiners as a voting base is one of the most powerful
22:42
voting bases, period. So if the Dems want to continue
22:45
to fight Bitcoin, then I think the choice is very easy for most
22:49
Bitcoiners. It's, you know, pro Bitcoin on
22:51
one side and anti Bitcoin on the other side.
22:54
And while this clip was playing, David Bailey said something that
22:57
made me go over to Google and check something out.
22:59
And he said there's 70 million holders of Bitcoin.
23:02
You know, we could Fact Check these numbers, but just taking
23:05
those numbers on the surface, I looked and the last election in
23:09
2020 there were 74,000,000 voters for both the left and
23:13
right. So both for, you know, Trump and
23:15
Biden. And in 2008, Obama got 69.5
23:19
million votes. So this is obviously a very
23:22
significant move coming from the Republican Party.
23:24
So no wonder they're making it part of their official policy,
23:27
or at least, you know, this first round of their bill and
23:30
they're drafting some stuff. So This is why you're seeing the
23:34
Republican Party realize like, oh man, we can't ostracize
23:37
Bitcoiners or, you know, crypto holders, shit coin holders
23:40
because they are a significant size of the voting block.
23:43
So super, super smart move on that front.
23:47
But when you got into, you know, the little nitty gritty of that
23:51
paragraph of what they're saying, I find it very
23:53
interesting that finally we get to a point where one politician
23:58
or one political party is not just wholesale throwing Bitcoin
24:01
under the bus. We've been covering this for the
24:03
last year and longer that any time there was some bad press,
24:07
they would always say Bitcoin at any time they tried to be, you
24:10
know, good press in regards to the the Bitcoin crypto space,
24:14
they will use crypto. And here we have the Republican
24:16
Party, which is probably kudos to the Bitcoin mag team and
24:20
everyone out there that has been talked.
24:21
The Bitcoin miners have been talking to the Republican Party
24:24
and Trump in general and they're finally saying Bitcoin in good
24:27
light. So again, we all know Trump
24:30
super polarizing. So for better or worse, you, you
24:33
can, you can pick sides however you want, but I think this is
24:37
good for Bitcoin in general because now we've been saying
24:40
this again for a while that it's becoming a defining
24:43
conversation. And you can't just, you know,
24:45
throw out Bitcoiners and, and think they're irrelevant.
24:48
It's like, no, you have to persuade Bitcoiners to like what
24:51
you're doing. You know, as Max Kaiser always
24:53
said, it's like he who has the Bitcoin makes the rules.
24:55
So it's very obvious that they're coming for Bitcoiners
24:58
and trying to persuade us to vote to their side is because,
25:01
hey, we have the best money in the world.
25:03
So now everyone's catching up to this idea that Oh my God, we
25:07
need to persuade Bitcoiners instead of pushing them away
25:09
and, and making them leave. Because of course, David Bailey
25:12
said it again. You know, most people vote with
25:14
their pocketbook and Bitcoin is the best form of money because
25:17
you can vote not only with your pocketbook, but with your feet.
25:20
So if you're treated bad as a bitcoiner, most bitcoiners will
25:23
up and leave. And now we're seeing, hey, they,
25:27
they want to keep Bitcoiners here, they want to keep Bitcoin
25:30
industry in America. And I'm all for it 'cause I know
25:33
Nico's been joking for a while that hey, man, if it gets even
25:36
worse, we're going to have to leave and go to El Salvador.
25:38
And I've been like, no bro. I don't think so anymore.
25:41
I don't think so anymore. This is this is a this is an
25:44
election issue. Clearly there's one side that is
25:46
going to be pro Bitcoin and clearly there's another side
25:49
that is going to be anti Bitcoin.
25:51
One of the things that I hear all the time is that Bitcoin is
25:54
for everybody but Bitcoin. Is for anyone.
25:59
But Bitcoin is for anyone like I yeah, sure.
26:03
But it's does not like if you are pro coercion, if you are
26:08
pro, you know, any type of of of you know, because if you think
26:13
about it like a lot of the basis is like, oh, wealth
26:16
redistribution, equality, all of those things like I don't think
26:21
Bitcoin is the right technology for you.
26:23
Why? Because it doesn't allow for
26:25
effective wealth redistribution mechanisms versus versus fiata
26:30
basement like the through it via inflation.
26:33
So yeah, I I, you know, like Bitcoin in theory is for
26:36
everybody. But you know, if you're a
26:38
tyrant, if you wanted to, if you want to try to coerce people, if
26:42
you want to try to force other people into your ideology into
26:46
your thing, I don't think you know, Bitcoin is for you.
26:48
But Bitcoin is not a tool that is going to allow you to do
26:52
that. Central banking is your tool if
26:55
you want to coerce people, if you want to control society, you
26:58
need central banking, right? That's how you control the money
27:01
flows. That's how you extract wealth
27:03
from the populace via inflation. Like, like Bitcoin is, is not
27:09
the tool if you want to control other people.
27:11
Central banking is the tool if you want to control other
27:14
people. So you know, it, it, it, you
27:17
know, it's, it's clear that the political landscape is, is being
27:21
defined and you know, but as a bitcoiner in the United States,
27:25
like you got to make a, you got to make a decision.
27:28
And what I, what I would tell everybody is like, get your
27:31
emotions out of it. Because I, I, I don't like, I
27:35
don't think that I don't think this is an emotional response.
27:38
In my opinion. I think it's very simple.
27:40
One side is pro Bitcoin, one side is anti Bitcoin, one side
27:45
is pro freedom, one the other side is anti freedom.
27:48
Like it's as simple as that. Look at it from that
27:51
perspective. I don't really care about all
27:54
the other, you know, issues and whatever.
27:56
I think that's all distraction and it's a symptom of it's a
28:01
symptom of, of broken money in the 1st place.
28:04
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All right, everybody, let's hit the news.
29:07
Lots to talk about. The Daily News.
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storage, not your keys, not your cheese.
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Anyways, so the German government continues to do
30:30
stupid shit and they continue to dump all their Bitcoin.
30:35
So here's a quick update from the block and it says German
30:37
government continues Bitcoin selling spree.
30:40
Less than half of its holdings remain.
30:42
It goes on to say after a plethora of Bitcoin transfers
30:46
yesterday, the German government has sent an additional $339
30:50
million worth of Bitcoin to addresses labeled as belonging
30:55
to centralized crypto exchanges and market maker so far on
30:58
Tuesday, the German government sent 800 bitcoins to the crypto
31:02
exchange Kraken, 5000 bitcoins to an address believed to be the
31:06
market to be market maker B2C2 Group, and nearly 107 bitcoins
31:12
to market maker Cumberland. Anyways, it goes on to say,
31:15
according to on chain analytics platform Arkham, a further 400
31:20
bitcoins were sent to an unlabeled address.
31:23
It also appears to have received 1692 bitcoins back from the
31:27
crypto exchange Bitstamp on Tuesday.
31:30
The German government began moving Bitcoin to exchanges last
31:33
month, goes on to say on Monday, the government labeled addresses
31:37
transferred more than 15,000 bitcoins to addresses labeled by
31:41
Arkham as belonging to market makers and exchanges.
31:45
However, 3623 bitcoins were subsequently transferred back to
31:50
the German government from Bitstamp.
31:52
The exchanges most likely sent the bitcoins back to the German
31:55
government after they could not sell them within a targeted
31:58
price quote. Considering some Bitcoin were
32:00
sent back to the German government from Coinbase, one
32:03
can assume they were unsold Bitcoin as part of a sale
32:06
agreement between the crypto exchange and the country.
32:10
So goes on to say here's more information.
32:12
Germany's FBI held 50,000 BTC up to late June.
32:17
They have been selling relentlessly in small increments
32:19
since June 19th. Today they went in bigger move,
32:22
16,016 thousand BTC to brokers and exchanges.
32:27
Their balance is now down to 23,788 BTC entering the final
32:32
stretch of the German onslaught. They will eventually run out of
32:35
coin. I think this is the key part
32:37
here, everybody. This is what everyone has to
32:39
remember. This is what happened with the
32:40
fork wars and all these things is that, you know, Jihan Wu,
32:45
Rodger Verd, they had so much Bitcoin in order to try to
32:49
artificially move up the hash rate to convince everybody that
32:53
Bitcoin Cash is now better than Bitcoin.
32:57
Well, they can only fire that shot one time until they ran out
33:01
of coin. That's what they did.
33:02
They eventually ran out of Bitcoin.
33:04
So what's going to happen with this German dump?
33:06
They're going to run out of Bitcoin.
33:07
And then when they run out of Bitcoin, they will no longer be
33:10
able to 'cause this downward cell pressure, right?
33:13
You can only fire this shot once.
33:15
And it also puts the German government in a very
33:17
disadvantageous position. Like imagine selling all this
33:22
Bitcoin for money that they can just literally create out of
33:25
thin air. Why would they do that?
33:26
It literally makes absolutely no sense.
33:29
In their their eyes. It makes sense because they
33:31
believe in the Church of Fiat. But for all of us that know and
33:34
appreciate Bitcoin's absolute scarcity, it makes absolutely no
33:38
sense. And they're literally just
33:40
having fun staying poor. Like that's what they're doing.
33:43
They're literally separating from money, from state.
33:45
We don't even have to do the work.
33:46
They're doing it for us, right? Anyways, it goes on to say
33:49
16,000 138 Bitcoin moved price by by point 3.5%.
33:55
The market could absorb the rest in one scoop, just as the market
33:59
can absorb Mount GOC's flows. These will eventually run out.
34:02
Let's let's run some numbers. The GOC's had a total of 141,000
34:07
Bitcoin to be distributed with 95,000 to be distributed within
34:11
90 days. Of those 95,000 Bitcoin, 20,000
34:15
going to credit funds, 10,000 going to NZ exchange, and 65,000
34:20
going to individual creditors. Let's make some assumptions.
34:23
Assume 30% of the 85,000 gets sold.
34:27
Assume Gox creditors sell 30% in one scoop.
34:30
Assume the quantity and price relationship is linear.
34:34
Assume Germany sells its entire remaining stack in one scoop.
34:38
Then we would have 23.7 + 25.5 / 16 * 0.035 = 10.5%.
34:48
That would trigger a 10.5% instant dump.
34:52
The market can absorb that. And again, a 10% dump from where
34:55
we are now, that's a discount for you guys.
34:58
That's an opportunity for you guys, right?
35:00
And again, these people, whether it's Mount GOC's or or Germany,
35:04
they could only do this once. So I would say flush it out,
35:08
flush out the FUD, just like the China mining fund.
35:11
I remember that for so many years, people were like the
35:14
concentration of Bitcoin miners. It's all in China that, you
35:16
know, the world's going to end, bitcoins going to zero.
35:20
And then guess what happened? The mining, the China mining
35:23
bind happened. I think it I think it cut the
35:25
last the last cycle short, but guess what?
35:29
The hash rate recovered, the price recovered and we're at all
35:33
time highs, right. So Bitcoin will survive this as
35:36
well. It creates an opportunity for
35:38
you guys. Again, he's just theorizing
35:41
here. That's not it's not saying that
35:43
all of that is going to happen, but, you know, I think he's like
35:46
trying to make the case for, you know, for a worst case scenario.
35:50
Here's Carl. He's a, you know, he's a well
35:52
known Bitcoiner in the community.
35:54
And he says US Bitcoin ETFs are scooping up almost exactly the
35:58
same amount of Bitcoin that is sold by Germany.
36:01
We are witnessing a real time intergenerational transfer of
36:05
wealth between nations. What a time to be alive.
36:08
That's right. You know, like they're selling
36:10
this Bitcoin and other parties are seeing it as an opportunity.
36:14
And then this leads me to my last bit before I pass it on to
36:16
the panel. And I think this is where the
36:19
signal is out of all of this. So what Germany is selling,
36:23
while some individuals from Mount Gox are selling, this is
36:26
what I want you guys to focus on.
36:28
More than half of the top 25 hedge funds in the United States
36:33
are now exposed to Bitcoin. That is key.
36:37
That is, that is very, very important, right?
36:40
More than half of the top 25 hedge funds are bullish on the
36:45
future of Bitcoin. Of course, Ray Dalios isn't,
36:49
isn't quite there yet, but we have #1 which is Citadel.
36:52
They're bullish on Bitcoin and it just the list goes down from
36:56
there. So I mean, like, don't pay
36:58
attention to what they say, pay attention to what they do.
37:02
You have multiple Fortune 500 companies, you know, including
37:05
Tesla that have exposure to Bitcoin.
37:07
Of course, we all know BlackRock, you know, a record
37:10
launch ETF. All of this is extremely bullish
37:13
news. So while Germany has fun staying
37:16
poor, seems like the ETF, you know, all the ETF holding
37:20
companies are taking advantage of that.
37:21
And of course, individual hodlers and and retail and
37:24
buyers like this is a great opportunity for for you guys to
37:27
stack the day. Anyways, that's my take on all
37:29
that. That's kind of like today's
37:31
news. Bitcoin Germany is literally
37:34
metaphorically shooting itself in the foot.
37:38
Germany have fun staying poor. They don't really have a history
37:41
of great financial decisions. Shout out the Weimar Republic,
37:46
you know, hyperinflation and all the horrible things that
37:48
happened the decade after. You know, it seems like, it
37:52
seems like, you know, Germany hasn't learned their lessons.
37:54
Most importantly, I think it's politicians haven't learned
37:56
their lessons. I think it's, it's very easy to
38:01
like run other people's money, like as long as it's not your
38:04
money on the line, I think it's very easy to make decisions on
38:07
behalf of other people 'cause you have nothing at stake,
38:10
right? So anyways, that's my take,
38:12
Opti. I know, I know, I feel like
38:14
we've beat this topic, you know, so like we we've hit it so many
38:17
times Germany dumping their their coins Mount Cox.
38:21
But you know, it seems like they're continuing to do so.
38:24
And obviously, you know, it's affecting the price somewhat.
38:27
Yeah, I mean, well, it seems like Groundhog's Day, I'm not
38:29
going to lie. Like every day the new headlines
38:32
like, oh, Germany's selling more Bitcoin, you wake up, you're
38:34
like, didn't they just sell some yesterday?
38:36
And it's like, no, yeah, they're selling more.
38:38
They're selling thousands of more Bitcoin today.
38:39
And it's just like BTC Believer said in the chat, like this is
38:42
the real separation of money in state is when, you know, the the
38:47
thieves out there don't know what they're holding and they
38:49
sell their Bitcoin and it gets distributed out to people that
38:52
understand what's going on. So I think the real signal here
38:56
is the German government sold what 26,000 plus Bitcoin mount
39:00
GOC's coins are moving and the Bitcoin price is holding pretty
39:03
strong above 58 K Like this is good for Bitcoin, not only like
39:07
we're saying, because you know, the German government is is not
39:10
holding on to those 50,000 Bitcoin again, literally the
39:13
separation of money in state, but that the market is eating
39:15
this up and price is holding relatively strong.
39:18
And I know we're kind of in this crab solidation area right now,
39:22
like everyone's getting bored. It's summertime, they're tuning
39:25
out, and the price is not doing it.
39:27
It's literally the meme, like poking the Bitcoin, like, please
39:29
do something. But it's holding pretty strong.
39:31
The market is eating this up. And you know, to everyone out
39:35
there, you just get Bitcoin on discount #frant ran Wall Street.
39:39
Like yes, Wall Street is waking up, yes, you know, Germany's
39:42
basically selling their coins to Larry Fink and go.
39:44
But hey, if you understand what is going on right now, if you
39:48
like Bitcoin AT70K, you got to love it at 58 K.
39:51
You know, hashtag 58K gang. Apparently the meme is strong
39:54
still and we get Bitcoin at a cheap price.
39:57
So again, while Germany is led his hands here, all the strong
40:01
handed hodlers out there that know what they're holding, that
40:03
understand what Bitcoin is, they get Bitcoin at a discount.
40:06
And I think this is one of those.
40:08
Healthy market moments where you clean out all the short sellers,
40:13
you clean out everyone that doesn't know what they're
40:15
holding and you start to build a solid floor so that we can take
40:20
another leg up. So again, I think this is
40:22
further to the idea that we've been saying throughout this
40:26
probably the last couple of months that like, who knows what
40:29
the price is going to do? Summer might be slow, but as we
40:33
consolidate and we find a good floor, it's going to give us a
40:36
very strong foundation to move upwards Towards the end of the
40:40
year when everyone comes back and they're off on their trips
40:43
and all that good stuff, when they're stop drinking margaritas
40:46
by the beach or by the poolside, they come back and they
40:49
understand what's going on. It's like, yo, Bitcoins going to
40:52
rip. And if you're stacking right
40:53
now, make sure you don't take your foot off the gas.
40:56
Continue to stack, Take your Bitcoin into cold storage, go
40:59
outside, touch some grass, enjoy your life.
41:02
This is good for Bitcoin. You just love to see it. 100%
41:05
Anyway, Sean, what's your take on this before we get on to the
41:07
culture? Yeah, I mean, I, I feel like
41:11
it's pretty, pretty funny to see how, you know, someone that was
41:16
almost gifted that that Bitcoin with, by confiscating it, that
41:21
they're just like giving it away.
41:24
Yeah, more for you and more for you and me.
41:27
Just keep stacking. Absolutely more for us.
41:30
Love to see it. Absolutely, Absolutely.
41:34
All right, everybody. So before we move on to the
41:36
culture segment, I do want to give a very special shout out
41:39
to, of course, our lead sponsor. Guys, we're gonna be doing a
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Check the link, or check the link in the video description,
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or scan the QR code. All right, everybody, let's hit
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the culture. Here we go.
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I'm going to hand it off to Opti for you guys to hit the culture.
44:06
Here we go. Let's go.
44:08
All right, Sean. So this is going to be a great
44:11
conversation, but let's start with how did you become a
44:14
Bitcoiner? And then I really want to touch
44:17
on some Bitcoin lore here. And then we're going to talk
44:19
about electrolytes. So what was the original jump
44:22
in? When did you hear about Bitcoin?
44:24
When did you finally take the plunge?
44:26
Yeah, I think that the first time I heard about Bitcoin was
44:29
like 20, 2011 20/10/2011 and it was like a friend of mine,
44:36
computer science guys at Notre Dame that were I don't know if
44:41
they were buying stuff on Silk Road or what, but they just like
44:44
were doing some different gambling stuff, getting into
44:47
Bitcoin and getting hacked. And and then actually Marty and
44:53
I went to college together, played lacrosse together.
44:57
We were talking about Bitcoin back, you know, in like 2011
45:02
twelve and started like stacking a little bit back then.
45:09
And then I I went to this coding boot camp, actually the same one
45:15
that Wennekiss went. Wine.
45:21
We went to the same coding boot camp.
45:23
I think he was like a cohort in front of me called Win Code.
45:27
And this was in 2017. And that's when I kind of really
45:31
got way more into it. And I, I built an app that auto
45:36
invested spare changed, you know, the dollar cost averaging
45:40
into Bitcoin using the Coinbase API.
45:44
And I like won the competition and, and was trying to like sell
45:51
the app. And then, you know, there was
45:52
like 100 other versions of that app that came out.
45:56
So nothing really came of it, but it got me really into like
46:02
working in cloud engineering and just kind of working with, with
46:07
AP is in in general. And so I was doing that for a
46:09
little while and then in like 2021, I went, you know, I had
46:20
heard about all the stuff that was going on in El Salvador.
46:23
I really wanted to just like go see it myself.
46:26
And so I, you know, I booked a flight, I went down, I started
46:31
buying pupusas, street food with Bitcoin.
46:34
I thought it was super cool. I, you know, went to Bitcoin
46:39
beach surfed and I went to go get A at shirt that, you know,
46:46
Bitcoin beach T-shirt. While I was there, one of the
46:50
guys said, hey, oh, you're from Miami.
46:52
Can you give me your Suarez a shirt?
46:56
And I said, you know, I, I don't know him, but like, I can, I can
47:00
try. And I, I DM him right when I
47:05
land and he's like, he's like, come on to City Hall and you can
47:09
give me the shirt. And so I like went City Hall,
47:13
gave him this shirt out of this cool picture with him.
47:15
It was like the day that like those two buildings had
47:18
collapsed in Miami. So he was like wearing fire
47:24
department, like emergency gear, but he was still down to take a
47:31
pic for the and like really embrace the Bitcoin community,
47:35
which, oh, there it is right there.
47:37
Yeah, so that was that was cool. And so then while I was so, so
47:45
then my friend Matthias, who's the president of Athena Bitcoin,
47:51
which is Bitcoin ATMs, they're they're really popular in I
47:55
think they're based in Chicago, but they're really popular in
47:58
Central and South America. And he saw that photo and he
48:02
said, hey, you know, we're helping with the Chivo wallet
48:08
situation. You know, we and this is, this
48:13
is like August, beginning of August and September 7th is when
48:19
the law goes into effect to where Bitcoin needs to be
48:24
accepted as, as legal tender by every business in the country.
48:27
So Walmart, McDonald's, they all have to be able to accept
48:30
Bitcoin and they're not ready. And I was kind of like not
48:36
really working. I was kind of doing some like
48:39
AWS consulting stuff. And I, he, he said, can you fly
48:43
to El Salvador tomorrow and then come help?
48:46
And I was like, I'm, I'll, I'll be on the next flight.
48:49
You know, I'm, I'm there. And so I show up into this like
48:53
Airbnb style war room in San Salvador where there's like a
48:58
bunch of like hackers and coders and like a bunch of these
49:04
devices that you can like, they look like, they look like this
49:10
thing right here where it's like it like scans your, your Bitcoin
49:15
and, and they're going to install these things or, or hand
49:18
them out to all these different businesses throughout El
49:20
Salvador. It's kind of crazy.
49:22
Like, you know, there's, it's just feels like the Wild West
49:27
and I really didn't know what I was doing there.
49:31
And, and after a few days, you know, I, I, I was there for like
49:37
a few days and then we went to the actual war room in like the
49:43
president's like, you know, Bukaylee's brother was like kind
49:48
of in charge of like a lot of the stuff.
49:50
So we, we had to like go and like present, like, OK, this is
49:53
what we're doing with the Chiba wallet and, and all this stuff.
49:56
And I had to like introduce myself.
49:59
I was like, yeah, I'm going to help with like the AWS
50:01
engineering or like whatever. And so the, there's kind of a
50:07
cool story about while I was there, I didn't know how I was
50:10
going to get paid. I was like, what am I doing
50:12
here? Am I going to, am I going to
50:13
make money out doing this? Like I got to make a living?
50:16
Like what? And they're like, we'll figure
50:17
it out. We'll figure it out.
50:19
And I was like, OK, whatever, this is cool.
50:21
Anyways, I, I'm, I'm just like, excited to be here.
50:24
And I'm like looking through the, you know, Athena's
50:27
financials and stuff and like, I'm like thinking to myself, how
50:30
could I, you know, could, could they offer me like stock options
50:35
or whatever? And then I saw that they were
50:37
publicly traded and I just thought, I'm going to just buy
50:42
some of this stock, like, or I'm going to buy some options and,
50:45
and just, you know, see what happens.
50:47
And right after I bought it, Matthias, he was like, he was
50:53
like, I don't know if that's a great idea.
50:57
And he kind of talked me out of it.
50:58
He, he kind of was like, you know, I the, the price at the
51:01
time was like a dollar a share and I was like, I bought like
51:04
1000 bucks worth and, and, and I was like he got me nervous.
51:11
I got out of it the next that like 12 hours later some someone
51:17
tweeted out that like Athena had the exclusive contract with El
51:21
Salvador and that it was like a, you know, a $20 million like
51:26
contract or something. And the price of Athena stock
51:29
just shot up to like $40. And I was like, fuck, dude.
51:33
Like that was it. That was, that was my payday for
51:36
being here. Like I had the move all set up
51:39
and then it like came right. It pretty much crashed right
51:41
back down to like $4.00 or something.
51:43
But but yeah, that it was like very crazy, like being there,
51:49
like being in like there was like Secret Service and stuff
51:52
and we were like going out to dinner and just getting ready to
51:57
like really embrace Bitcoin throughout the the entire
52:01
country. It was really a awesome
52:03
experience. Yeah, that's absolutely
52:05
incredible, bro. Like that's why I'm like, we
52:08
need to get this Bitcoin lore out here for the audience so
52:10
they know who we're talking to. And and it really it's a good
52:14
segue into how he even got on the show.
52:16
I was saying earlier like, you just have an uncanny ability of
52:19
being at the right place at the right time.
52:21
You met wine on the beach and what you say like Muscle Beach
52:25
and he's like, yeah, come on the show.
52:27
And we're like, all right, bet. So just absolutely incredible.
52:30
That's such a good story and everyone in the chat like this
52:33
knocks like this guy goes straight to my spreadsheet of
52:35
cool Bitcoin pleb. So you got some good lore of
52:38
like literally being out what might be one of the most
52:41
important moments in Bitcoin history up to date.
52:43
So absolutely incredible. But he's not just a cool bit
52:47
corner. Again, it's what we do on the
52:49
culture. Bring on cool bit corners, but
52:51
also talk about cool stuff and cool products that they're
52:53
building. So you're not, you're not just
52:56
in the right place at the right time.
52:58
You create an electrolyte company.
52:59
So let's talk about salt of the Earth.
53:00
I'll pull up your website or actually, yeah, you just plug it
53:03
right there. So I guess my first question is,
53:06
look, you know, a full trans, you know, full Full disclosure
53:11
here I am kind of like a, a Celtic salt kind of guy.
53:15
So why does the audience, why do they need to get electrolytes
53:20
and salts in them? Why is simply drinking water not
53:23
enough? And you know, why are you
53:25
selling electrolytes? Like what's the importance of
53:28
and how is this going to benefit the audience?
53:30
Yeah, so I'm, I want to start by saying I'm 100% Irish.
53:36
I'm an Irish citizen. I have an Irish passport.
53:38
And when I first came up with this formula, I wanted to use
53:41
Celtic salt. I was like, all right, yeah,
53:44
represent the, the motherland. And then when I was doing the
53:48
research between like pink Himalayan salt and Celtic salt,
53:53
I, I just found that there was like a lot more benefits to the
53:58
pink Himalayan. There's just more trace
54:00
minerals. And there was like, you know,
54:03
plastic contaminants in the, in the Celtic salt or like, I don't
54:06
know, I, I just came to the conclusion that the, that the
54:08
pink was better. So I'll start by saying that the
54:12
background of like, why I, I think hydration is important and
54:17
electrolytes are important. So like I, I used to be a lab
54:20
rat at the Gatorade Sports Science Institute for, for like
54:22
10 years. And I've always been really
54:25
interested in like the sports science and just like testing
54:29
new products. And I was getting my like sweat
54:33
analyzed and I was like testing different things with like some
54:36
like pro athletes and was just like really interested in, in
54:42
this type of thing. And while I was on this surf
54:48
sabbatical last year, I, I was, I just knew that the hydration,
54:53
I was having a really hard time with staying hydrated because of
54:56
the amount of sweating. I was doing it in like Bali, I
54:59
was, I was surfing for like 3-4 hours in the morning.
55:03
I'd go to this like workout class and then I would go to the
55:06
sauna and I would just be, I'd probably sweat, you know, four
55:10
or five liters. And once I started to just add
55:15
some pink Himalayan salt to my water and like lemon and I was
55:18
like kind of doing all that stuff, it changed, it changed my
55:22
whole life. I, I was like, wow, I, I really
55:23
feel like I'm actually, you know, Gatorade used to always
55:27
say, you know, you, you, you're putting back in what you're
55:29
sweating out. But once PepsiCo bought
55:33
Gatorade, you know, and they're incentivized now to Add all
55:37
these different things in there, like really hook you to, you
55:40
know, it's a lot of sugar. And they do have different
55:43
products with, with 0 sugar. They do have electrolytes, but I
55:46
just felt like, I felt like Element was kind of the best
55:51
electrolyte product on the market.
55:52
So I wanted to kind of gear a product that was what I thought
55:56
was the best. And so, but I wanted to improve
56:00
upon it. So things that Element didn't
56:02
have, it didn't have pink Himalayan salt.
56:05
They used more of just like a sodium chloride regular table
56:08
salt. And then I wanted to have a like
56:12
a little bit of calcium in there because I had been reading about
56:14
how important the electrolyte calcium is to prevent like
56:19
calcium from being like pulled out of like your bones as it's
56:22
like coming out of your body. And so I wanted to add that I
56:26
also wanted to put together like a really as like magnesium is
56:31
becoming like super popular. And I was learning about how
56:35
like magnesium glycinate and magnesium L theorenate, how
56:40
they're, in my opinion, I like they have different functions.
56:44
So that magnesium glycinate is, is really to help absorb into
56:48
your into your body's like the most bioavailable form of
56:51
magnesium and it helps with recovery and muscle function and
56:54
everything like that. And then the magnesium L
56:56
theorenate is good for like brain health and mood and helps
57:01
with like just to prevent like Alzheimer's and things like
57:05
that. So I, I really wanted to put all
57:09
that together and then also make it taste really good.
57:11
And so while I was also coming up with the formula, I wanted it
57:17
to be sugar free and liquid. IV had just said, Hey, you know,
57:21
we're, we're finally announcing after two years that we have
57:28
come out with a sugar free formula because traditionally
57:31
their, their formula is 11 grams of sugar in their 14 gram stick.
57:37
And people had been saying, Hey, we want a sugar free, we want a
57:40
sugar free. What are you going to, how you
57:41
going to make it? And they said, you know, after
57:44
two years of research, we, we came to the conclusion that
57:46
allulose is the best natural sweetener.
57:50
And so I was like, OK, I was like in the lab when that this,
57:54
this like news came out and I was like, shit, like, but I was
57:59
like, OK, well, if they just spent like a couple billion
58:02
dollars probably doing this research in two years, I'm going
58:04
to just take Allulose too. And so thanks for that.
58:08
And so, you know, I, I feel like I took the best of element and
58:13
the best of liquid Ivs, you know, sugar free to kind of put
58:18
together the formula. And yeah, I, you know, I drink
58:24
like four of these a day. I feel like it's changed,
58:26
changed my life for the better. It, you know, I feel like it
58:31
gives me a clear clean energy boost.
58:34
Like I drink one like right when I wake up and then another one
58:39
like after I work out. And then I have, you know,
58:44
another one at like 2:00-ish when I'm kind of in that like
58:48
afternoon like sleepy slump. And then I'll have another one
58:53
at like 6 usually. But I'm also like, I live in
58:57
Miami Beach, I'm outside almost, you know, every day I'm
59:00
sweating, I'm working out. So I think it kind of just
59:05
depends on how much activity you're doing, how much you're
59:08
sweating. But I think it's really an
59:12
amazing thing to feel like you'll feel the difference
59:16
because I think a lot of people don't under like mistake being
59:23
thirsty for hungry. Like they think they're, they
59:26
think they're hungry, but they're actually just thirsty or
59:28
they think they're tired, but they're actually like just
59:31
dehydrated. And also when you're traveling a
59:34
lot like I was doing last year, it's being in an, in an airplane
59:39
is like one of the most dehydrating places you can be
59:42
because the air that's getting pumped into the plane is like
59:45
super dry. It's like drier than the desert.
59:47
And so when you're sitting in a plane for like, you know, 4
59:51
hours or however long and you're, and you're not drinking
59:54
with electrolytes, you're just like getting super dehydrated.
59:57
So I felt like this was just kind of like felt like the right
1:00:02
thing for me to put all my time into because I was like
1:00:05
traveling a lot and I was trying to stay healthy and, and have
1:00:08
energy. Like I was, I was in Bali for
1:00:10
kind of like six weeks and I was like, I need to make sure that I
1:00:14
can have a kick ass day every single day.
1:00:17
I want to surf at Uluwatu. Every single day and I don't
1:00:22
want to be like tired. And this was kind of the start
1:00:26
of the formula, like just doing the salts and everything in the
1:00:29
water was was kind of like was kind of it how it how it all,
1:00:34
how it all started. Incredible bro, love to hear it.
1:00:37
Love to hear it. Actually a few things before I
1:00:39
guess we put the cherry on top on today's show.
1:00:42
Quick question, is this why I always feel so bad when I get
1:00:45
off a plane? Is it just 'cause I'm freaking
1:00:47
dehydrated the whole time? Probably, yeah.
1:00:49
I mean, I drink two of these in like a liter on a plane.
1:00:53
OK, all right, awesome. And actually, there's one thing
1:00:56
that you mentioned on TFTC with Marty Bent the other day.
1:01:00
And I, I don't remember the statistics and maybe you have
1:01:03
them off the top of your head, but you said something
1:01:06
incredible about just like the amount of chronically dehydrated
1:01:10
people on planet Earth. Like that stat really blew my
1:01:14
mind. I mean, it's, it's debatable,
1:01:17
but like the number I hear a lot of 75% of people are like
1:01:20
chronically dehydrated. I've heard, I've heard some
1:01:23
people say 100% of people are chronically dehydrated.
1:01:26
But you know, I think 75 is probably probably fair.
1:01:32
Incredible. Okay, one last thing before we
1:01:35
put the cherry on top for today's show is kudos to you.
1:01:39
Not only as a Bitcoiner, but is kind of a trend or a theme that
1:01:44
a lot of us Bitcoiners talk about is this idea that once you
1:01:47
build on a Bitcoin standard, you know, once you're a bit corner,
1:01:50
you start to think of building better products and and you
1:01:53
know, providing to the market the best product possible.
1:01:56
And you know, kudos to you. Yes, you're using other people's
1:01:59
research, but you're like, how can I improve on this product so
1:02:02
that I know my audience, my customers out there are getting
1:02:05
the best product possible. And while you're talking, I'm
1:02:07
like, that's exactly what you're doing here.
1:02:09
So kudos to you, Sean. All right, let me for the
1:02:12
audience out there, considering they're all savage bit corners.
1:02:15
Here's the the last little cherry on top here for you guys.
1:02:18
So if you're in the checkout guys, he's not just a bitcoiner.
1:02:22
You can actually purchase your electrolytes with Bitcoin using
1:02:28
Lightning so. Man, I, I, I.
1:02:30
Want to mention that that's only if you do a one time purchase.
1:02:34
So like if you'd sign up for a subscription, the Bitcoin
1:02:37
lightning won't show. So but yeah, because it's like
1:02:41
the reoccurring but also also guys, I want to shout out Gene
1:02:47
Everett 33 on Twitter. This guy he's taking full
1:02:52
advantage of like these Bitcoin rewards that Ioffer to people.
1:02:56
So I Bitcoin fixes dehydration. I love that.
1:03:01
So, Gene, so when you buy Bitcoin or if you buy, you don't
1:03:06
have to buy with Bitcoin, but every customer, if you click the
1:03:11
subscribe to like news and offers, if you if you check the
1:03:16
box that says yes, then after your purchase, you get an e-mail
1:03:19
that says from Oshi that says you're, you've just earned some
1:03:24
sats. And if you refer somebody and
1:03:29
then you get a link to refer somebody and if they purchase
1:03:33
and you both get 10% of whatever the purchase is, and then you
1:03:36
get 10% of that person that you referred for, for life for now.
1:03:40
I don't know why I'm doing this, but I'm just doing it.
1:03:44
But so and, and so this guy Gene, he's like, he's been
1:03:49
pumping it out and he's got a great, you know, he's been
1:03:52
making sats from, you know, drinking salt of the earth and,
1:03:57
and sharing his link. I'll also be at the Bitcoin
1:04:01
conference and I'll, I'll be passing out electrolytes.
1:04:04
There's a Bitcoin runners group Nashville that's going to be
1:04:08
doing like a run before I think the, the conference starts on
1:04:12
like Friday or something. So you guys should all come out
1:04:15
to that. I'll be passing out electrolytes
1:04:18
if you're going to be in Nashville for the conference.
1:04:20
Let's go, bro. All right, so for the audio
1:04:23
listeners out there, it's drink Sote, drink S ote.com Salt of
1:04:27
the Earth. I want to say it maybe the best
1:04:29
electrolytes on the market, so maybe.
1:04:32
And I, I just created a code for today that's going to last for
1:04:36
like 24 hours. That's BTC in the checkout.
1:04:39
If you if you do code BTC, it's 15% off.
1:04:44
Let's go. Love to hear it.
1:04:45
Love to hear it. All right, Sean.
1:04:47
Well, that was great. But before you go, I want to
1:04:50
give you an opportunity to say the last two sets.
1:04:52
What's the last message you want to leave with the audience?
1:04:55
It could be about electrolytes, it could be about life, it could
1:04:57
be about entrepreneurship or Bitcoin, whatever you want.
1:05:00
What's the final message you want to leave with the Audience
1:05:03
platform? Yours I'll say stay humble and
1:05:08
stay hydrated. Bars, bars, let's go, let's go.
1:05:14
All right, Sean. Well, on that note, for the
1:05:17
audio listeners, let's plug what?
1:05:19
What do you want to plug? Your Twitter?
1:05:21
The website? Let's do one last plug and then
1:05:23
we'll roll out today's show. Yeah, just drink SOTE is.com.
1:05:30
That's a place to to find me. Love it bro.
1:05:33
Well, Sean, really appreciate you coming on.
1:05:35
As everyone in the audience knows, not only are we bit
1:05:39
corners, but we support bit corners and This is why we bring
1:05:42
Sean on the show. So I think I'm going to have to,
1:05:45
you know, I'm going to have to use that discount and get myself
1:05:47
some electrolytes, bro. So Sean, really appreciate you
1:05:49
coming on. I'm going to pull you behind the
1:05:51
scenes. Hang out for a moment as I wrap
1:05:53
up today's show. Sounds good.
1:05:55
Thanks. Let's go.
1:05:57
All right, guys, Nico had to run, so I'm wrapping up today's
1:06:00
show. Today is July 9th episode 1027.
1:06:04
We appreciate all you guys like share, subscribe, all that good
1:06:08
stuff. Make sure you're pushing all
1:06:09
Bitcoin content, not just simply Bitcoin, but of course push
1:06:12
simply Bitcoin because it helps us in the algos hashtag for the
1:06:15
algos, but we love you guys. Make sure you get outside, touch
1:06:18
some grass, make sure your mind's right.
1:06:20
Make sure your body's right. This is why simply bitcoins low
1:06:23
key becoming a lifestyle brand and we bring Sean on today and
1:06:26
we talk about electrolytes and why your water is probably not
1:06:29
good enough. So make sure you are ushering in
1:06:32
these sets at the best health capacity can.
1:06:35
On that note, guys, we'll be back tomorrow same time as
1:06:38
always, Monday through Friday, 12:15 PM Eastern Time.
1:06:41
We love you guys. Let me know in the chat before
1:06:44
we roll off. If you guys got the Sats on that
1:06:46
note, I'm out. It was brought to you by
1:06:51
bitcoinwell.com on a mission to enable independence.