Latest / Simply Bitcoin / JP Morgans ATTACK on Bitcoin JUST GOT WORSE!! | EP 1383

Transcript

JP Morgans ATTACK on Bitcoin JUST GOT WORSE!! | EP 1383 · Simply Bitcoin

• 0:01
  Everyone's probably heard about Jamie Diamond's attack on
• 0:05
  MicroStrategy, but now that the dust is settling, new details
• 0:09
  are emerging about what this means.
• 0:11
  For Bitcoin. So we're going to start the
• 0:14
  rabbit hole here, guys. We got a lot to cover.
• 0:17
  Of course, I'm not alone. Nico's here with me, but I I
• 0:21
  have to take the reins on this one because, you know, I'm the
• 0:24
  macro guy now apparently. So here we go this.
• 0:27
  Is where I believe the saga starts.
• 0:29
  So in a note last week, I believe it was on Friday if I'm
• 0:33
  I'm remembering correctly, JP Morgan highlighted they did a
• 0:37
  note here and they said that sailors Bitcoin vehicle is at
• 0:41
  risk of being removed from a major indices like MSCIUSA and
• 0:46
  NASDAQ 100 under MSCI proposal. To exclude quote.
• 0:50
  Digital asset treasury names that are holding more than 50%
• 0:55
  of Bitcoin or or crypto on their balance sheet and then passive
• 0:59
  exposure in the name is almost $9 billion already.
• 1:03
  MCI alone could force up to roughly $2.8 billion of selling
• 1:07
  if they drop it before any other index providers follow.
• 1:11
  At the same time, of course, Bitcoin was getting wrecked in
• 1:14
  the price and strategies. M nabs down.
• 1:18
  You know, it's, it's been, Nico keeps saying a bear market, but
• 1:21
  it's been a rough month. Basically, I think in the last
• 1:23
  45 days, Bitcoin's down like $45,000.
• 1:27
  So hey, it's been a rough month. Anyways, Bloomberg says the
• 1:31
  decision will be due January 15th, 2020. 6 now for.
• 1:35
  Everyone, probably. Like myself, You.
• 1:38
  You really? Really didn't even know what
• 1:40
  MSCI is. So MSCI and here's just like a
• 1:43
  break, you know, a little blurb. It's the leading global provider
• 1:45
  of equity, fixed income, real estate indices, multi asset
• 1:48
  portfolio analysis tools, and ESG and climate finance product.
• 1:53
  It offers critical decision support tools and data for the
• 1:56
  investment community to analyze risk return and build effective
• 2:01
  portfolios. And obviously they're using
• 2:04
  these guidelines to essentially, you know, analyze whether they
• 2:09
  can, you know, put put your fund into risky assets, risky
• 2:12
  portfolios, kind of what what the risk tolerance is here.
• 2:15
  Now, the interesting part about this, there's actually a few
• 2:19
  interesting things going on. I was going to save this for a
• 2:22
  little later, but it looked like at the same time that Jamie, JP
• 2:27
  Morgan announced this last Friday, they also dumped about
• 2:32
  25% of their MSTR positioned right before the announcement.
• 2:36
  And so everyone is like, there's something going on here.
• 2:40
  Is this an orchestrated attack against strategy?
• 2:43
  Is this a general kind of price manipulation attack on Bitcoin?
• 2:47
  Like what is going on? And this is where the rabbit
• 2:51
  hole gets a little tricky because it turns out that this
• 2:54
  announcement was actually made on October 10th.
• 2:57
  And remember what happened on October 10th, That's when we had
• 3:01
  the biggest liquidation, I think it was in history.
• 3:05
  That's when we got that huge dump in Bitcoin.
• 3:07
  So everyone is now on this. This view is like, is JP Morgan
• 3:12
  manipulating the price of Bitcoin?
• 3:13
  Are they trying to suppress the price of Bitcoin?
• 3:15
  Or is this just a general attack on strategy, which really got
• 3:20
  everyone talking on Twitter over the weekend.
• 3:23
  But before we get into kind of what everyone said on Twitter,
• 3:26
  we got some good articles here. Let's see what Michael Saylor
• 3:29
  said directly responding to this.
• 3:32
  And he goes, Oh yeah, yeah, I got you.
• 3:36
  And he goes Response to MSCI Index Matter Strategy is not a
• 3:41
  fund, not a trust, and not a holding company.
• 3:44
  We're a publicly traded operating company with a $500
• 3:48
  million software business and a unique treasury strategy that
• 3:51
  uses Bitcoin as productive capital.
• 3:54
  This year alone, we've completed five public offerings of digital
• 3:57
  credit securities STRKSTRFSTRDSTRC&STRE,
• 4:03
  representing over $7.7 billion in notional value.
• 4:08
  We also launched Stretch, a revolutionary Bitcoin back
• 4:11
  treasury credit instrument that provides variable monthly USD
• 4:15
  yield to institutions and retail investors.
• 4:18
  Funds and trusts passively hold assets, holding companies sit on
• 4:23
  investments. We create, structure, issue and
• 4:26
  operate. Our team is building a new kind
• 4:28
  of enterprise, a Bitcoin back structured finance company.
• 4:32
  With the ability. To innovate in both capital
• 4:34
  markets and software, no passive vehicle or holding company could
• 4:39
  do what we're doing. Index classification doesn't
• 4:43
  define us. Our strategy is long term.
• 4:45
  Our conviction in Bitcoin is unwavering and our mission
• 4:48
  remains unchanged. To build the world.
• 4:51
  'S first digital monetary institution on a foundation of
• 4:55
  sound money and financial innovation, and then also over
• 4:59
  the weekend, actually yesterday. Followed this up with just a.
• 5:02
  Simple, I won't back down tweet, which really is getting everyone
• 5:07
  thinking Is JP Morgan attacking Sailor and strategy personally?
• 5:12
  Or is this a bigger attack on Bitcoin in general?
• 5:16
  Which is where an article went absolutely viral over the
• 5:20
  weekend. It blew up.
• 5:22
  Now I'm not going to read the whole article for you guys, but
• 5:24
  I highly recommend you read it. I think it's a a really good
• 5:27
  framework for what's going on. It does kind of say some things
• 5:31
  that I've been saying, but again, it opened up a whole new
• 5:33
  can of words worms. And then people are discussing
• 5:36
  this even further and being like, is this actually what's
• 5:39
  happening or is there another tape?
• 5:41
  Anyway, this is titled Trump's gambit, the quiet war between
• 5:44
  the White House and JP Morgan, which again, I'm going to just
• 5:47
  summarize it really quickly just to kind of, you know, set the
• 5:50
  table here. I would highly recommend you
• 5:52
  read it. It's probably like a 510 minute
• 5:54
  read really good. It is a little AI.
• 5:56
  He he acknowledges that it is AI written because he's not a
• 5:59
  writer, but it's written really well.
• 6:01
  Anyways, the the kind of short of it is essentially what this
• 6:05
  article is saying is that the old guard JP Morgan.
• 6:09
  Of course, if you're unaware, JP Morgan is one of the 12 banks
• 6:14
  that essentially owns the Federal Reserve.
• 6:16
  And we've been seeing all year, we've been cataloging this saga
• 6:19
  all year long, that there seems to be a battle from the Trump
• 6:22
  administration, AKA the US Treasury and the Fed.
• 6:26
  We've all seen Trump attack Jay Powell.
• 6:29
  It's been like one of the biggest kind of stories going on
• 6:32
  right now is like Jay Powell needs to cut the rates too late.
• 6:36
  Powell, et cetera, et cetera, just kind of dragging him in the
• 6:39
  in the public circus. So the idea is JP Morgan as part
• 6:44
  of the old guard, as part of the Federal Reserve kind of camp is
• 6:48
  in a war right now with the Treasury, with the Trump
• 6:51
  administration. There's this old guard kind of
• 6:53
  maintain the status quo, make sure that the Fed is still in
• 6:56
  control of the money printer. And then there's this new new
• 6:59
  guard, which is led by Scott Besson and the Treasury.
• 7:02
  And the new guard is embracing stable coins in Bitcoin.
• 7:05
  And so the battleground, the short of this article is the
• 7:08
  battleground is being played out on Bitcoin.
• 7:11
  JP Morgan is essentially trying to suppress the Bitcoin price.
• 7:14
  They're trying to nuke the bull market, destroy strategy because
• 7:19
  it it essentially is vying for competition in this whole new
• 7:25
  revolutionary monetary regime that we're in.
• 7:28
  And then of course, the Treasury is going to embrace Bitcoin.
• 7:30
  So we have on one side, JP Morgan's trying to tank the
• 7:33
  Bitcoin price. And that could be what's going
• 7:36
  on right now. The price has been, it's
• 7:37
  supposed to be a bull run. The price didn't do anything.
• 7:41
  And then on the flip side, if the Treasury is actually doing
• 7:45
  what we think they're going to do, what they've been saying,
• 7:48
  which is accumulate Bitcoin. It's one of these things where,
• 7:51
  yeah, publicly, they're not kind of getting beat up.
• 7:53
  But if they are acquiring Bitcoin, then they're just
• 7:56
  getting cheap stats on the low, which is what I've been telling
• 7:58
  you guys the last couple of days.
• 8:00
  It's like, don't, don't focus on the noise.
• 8:02
  Focus on what they do. It's not what they say, it's
• 8:05
  what they do. And from all indications, these
• 8:08
  institutions are acquiring Bitcoin.
• 8:10
  They're accumulating Bitcoin, and that's the move you should
• 8:12
  be doing. So again, the old guard led by
• 8:15
  the Fed and Jamie Dimon and JP Morgan versus the new.
• 8:19
  Guard, which, by the way, are owners of the federal.
• 8:22
  Reserve. Exactly.
• 8:23
  Exactly. They're one of the 12 regional
• 8:25
  banks that owned the Federal Reserve.
• 8:26
  So they own the Federal Reserve and again, the the rabbit hole
• 8:30
  to this is extremely deep, ladies and gentlemen like this
• 8:34
  could have been the culprit as to why we saw very low
• 8:39
  volatility in bitcoin's price this year.
• 8:43
  We knew that there was going to be a giant embracement of the of
• 8:48
  we knew that it was just going to be this this giant embrace of
• 8:52
  Bitcoin by the Trump administration.
• 8:56
  And we knew that the previous. Old guard to use Opti's.
• 9:00
  Terms didn't feel very good about Bitcoin.
• 9:03
  In fact, they blatantly said it out loud.
• 9:06
  We don't like this, you know, we we don't like competition.
• 9:09
  We have a monopoly on money. We like our central bank digital
• 9:13
  currencies. That is the future of central
• 9:16
  banking. That is the future of money
• 9:18
  boom. The election happened and then
• 9:21
  you had it swing all the other way where you had a pro Bitcoin
• 9:26
  candidate and one of the first things that Trump did was take
• 9:30
  the Federal Reserve out of the regulatory aspect of Bitcoin and
• 9:36
  crypto. That was one of the first things
• 9:38
  the Trump administration did via executive order.
• 9:41
  Now you're starting to think, wow, a lot of things are
• 9:45
  starting to come together now. A lot of you you're like, wow,
• 9:48
  this, this explains a lot, right?
• 9:51
  And it's, it's really interesting because, you know,
• 9:53
  one of the things that we kept hearing from, you know, Jamie
• 9:57
  Dimon was basically like, look, Bitcoin is nothing but, you
• 10:05
  know, it's the crypto of choice for sex traffickers, money
• 10:11
  launderers and ransomware. And we kept hearing that over
• 10:14
  and over and over and over again.
• 10:16
  Well, you know, one of the things that I've said on simply
• 10:19
  Bitcoin many, many times, which is, you know, the iron law of
• 10:23
  central banker projection, I've said that so many times.
• 10:27
  And dude, is it a law? It like never never.
• 10:31
  Well, it's just been discovered that JP Morgan was.
• 10:40
  Was covering up. I don't know if you could pull
• 10:42
  that up OPT. In it's been.
• 10:44
  Discovered that JP Morgan was covering up for Epstein.
• 10:51
  That's right, ladies and gentlemen, you couldn't write
• 10:54
  reality better even if you tried.
• 10:57
  So the thing that they accuse Bitcoin of, they are literally
• 11:01
  guilty of themselves. And I posted this.
• 11:04
  I thought it was hilarious. I thought it was like you
• 11:07
  couldn't. This was so there's so much
• 11:09
  irony, irony in this. It's it's hilarious, right?
• 11:13
  So I said hold up. So Jeffrey Epstein's banker is
• 11:17
  trying to sabotage the Bitcoin industry and unbanked bitcoiners
• 11:22
  because not only did JP Morgan try to go after MicroStrategy,
• 11:27
  could potentially be the one responsible for the terrible
• 11:31
  price action we've seen this year, the shorting of
• 11:35
  MicroStrategy, trying to destroy it.
• 11:37
  Because I ultimately you have to understand, and this is what I
• 11:40
  love about the events that happened this weekend.
• 11:43
  It reminded us that we are part of a revolution.
• 11:49
  This is what you guys have to understand.
• 11:51
  And when Opti said the words old guard, they're on point.
• 11:55
  The old guard, the people that benefit from the Federal
• 12:00
  Reserve, do you think they're going to go gently into that
• 12:03
  good night? No, fundamentally, I said it
• 12:07
  wrong. I kept saying, ladies and
• 12:09
  gentlemen, we'll be your guide through the separation of money
• 12:12
  and state. But what we're coming to
• 12:14
  realize, it's not the separation of money and state.
• 12:19
  It's that these big banks and the state are intertwined.
• 12:23
  They're benefiting from each other.
• 12:25
  So again, the state provides the monopoly on violence, and the
• 12:30
  bankers provide the control and the monopoly over money.
• 12:35
  It's this symbiotic relationship.
• 12:38
  And the Trump administration comes in and he says, hey, let's
• 12:42
  try something new. Let's get stable.
• 12:45
  Not CBDC. Let's get the stable coins in
• 12:47
  here. Let's get Bitcoin in here.
• 12:50
  Let's create a strategic Bitcoin reserve.
• 12:53
  Let to use Larry Fink's own words, let's try a non sovereign
• 12:58
  alternative. No wonder Jay Powell has been
• 13:02
  dragging his feet, you know, on roll on, on, on lowering rates.
• 13:07
  No wonder he's been doing that. We've been making the case for
• 13:11
  you guys all year that the Fed is purposely acting politically
• 13:16
  to hurt the Trump administration because of their stance on
• 13:20
  Bitcoin. Well, ladies and gentlemen, we
• 13:23
  just found the smoking gun. Hey, we found them.
• 13:27
  We found them dead to rights. Literally like this.
• 13:30
  Couldn't write itself better even if you tried.
• 13:33
  And to put the cherry on top, just to try to tell you guys
• 13:36
  what's at stake. And you know how they're playing
• 13:39
  ball, right? Jack Mullers just threw just got
• 13:44
  thrown out by his bank. You know who his bank is?
• 13:47
  JP Morgan, he says. It was bizarre.
• 13:50
  My dad has been a private client there for 30 years.
• 13:53
  Every time I asked them why that said the same thing.
• 13:57
  We aren't allowed to tell you that is crazy.
• 14:03
  And think about This is why we advocate for self custody.
• 14:06
  This is why we advocate for the Bitcoin revolution so much.
• 14:09
  And we harp and we harp and we repeat ourselves and repeat
• 14:11
  ourselves. If you have to ask someone else
• 14:15
  permission to use your money, then it isn't your money.
• 14:19
  If your bank can just close your account and not even bother in
• 14:24
  explaining what the reasoning is, which we'll get to what the
• 14:27
  official reasoning is behind this, that's not a very good
• 14:32
  system to remember. This is where you keep your
• 14:35
  money. This is how you pay your bills.
• 14:36
  This is how you feed your family.
• 14:38
  And they could just close your account for whatever reason.
• 14:43
  So anyways, here's Jack Mahler's This is a proud moment.
• 14:46
  I got it framed. So he got the he got the the
• 14:50
  note or the letter framed from Chase JP Morgan that basically
• 14:57
  explained to him or didn't explain to him why they closed
• 15:01
  his account. Now let's take a look at a lot
• 15:03
  of this stuff. After careful consideration, we
• 15:06
  have decided to close your accounts.
• 15:08
  We understand that this is disruptive and want and want to
• 15:11
  share more information with you about our responsibilities as a
• 15:14
  financial institution. During the course of ongoing
• 15:17
  monitoring, we identified concerning activity on your
• 15:21
  account or an account that you are associated with.
• 15:24
  Under the Bank Secrecy Act and other regulations, financial
• 15:29
  institutions have an obligation to periodically review our
• 15:32
  customer relationships. We are committed to regulatory
• 15:36
  compliance and ensuring the security and integrity of the
• 15:39
  financial system. Because of this commitment, we
• 15:44
  may we may not be able to open new accounts for you in the
• 15:47
  future. Did you hear the last part?
• 15:52
  We are committed to regulatory compliance and ensure the
• 15:55
  security and integrity of the financial system.
• 15:58
  Because of this commitment, we may not be able to open new
• 16:01
  accounts for you in the future. What does that mean?
• 16:07
  How is Jack Mahler's a threat to the security and integrity of
• 16:11
  the financial system? Let me translate that for you if
• 16:15
  you still don't understand what Jack Mahler's is doing, what
• 16:20
  bitcoiners are doing, what Bitcoin entrepreneurs are doing,
• 16:23
  is a threat to the central, to the integrity of the central
• 16:28
  banking system. That's what it's a threat.
• 16:31
  For. It's not a threat for the
• 16:33
  financial system and the well beings well-being of all
• 16:36
  Americans. It's a threat to the well-being
• 16:39
  of politicians and central bankers that benefit from it and
• 16:43
  that unholy alliance. Now they follow up with Here's
• 16:48
  what you need to know. Share this information with
• 16:51
  other listed on the on the accounts.
• 16:54
  Destroy all cards and checks associated with the accounts.
• 16:58
  Cancel all automatic deposits, contact merchants that
• 17:01
  automatically bill or withdraw from your account, and make
• 17:03
  other painting payment arrangements.
• 17:06
  You may receive additional account closing notifications if
• 17:09
  you have other account with us, Paolo Arduino, the CEO of
• 17:14
  Tether, says. I think it's for the best and
• 17:18
  we'll get to that in just a second.
• 17:19
  Here's Bo Hines. Bo Hines worked with the Trump
• 17:22
  administration. He was he played a pivotal role
• 17:27
  and moving forward the strategic Bitcoin reserve, he now works at
• 17:31
  Tether and he said, hey, Chase, you guys know Operation Choke .2
• 17:35
  point O is over. Right Here is Senator Cynthia
• 17:39
  Lummis, the Bitcoin senator and she says Operation Choke .2
• 17:43
  point O regrettably lives on. This is the case that Senator
• 17:47
  Lummis and Caitlyn Long, the CEO and founder of Custodia Bank in
• 17:53
  Wyoming, they've been making this case all effing year.
• 17:57
  They've been making the case that Operation Choke .2 Point O
• 18:00
  isn't over. You know what happened?
• 18:03
  And you know, what tells me that we don't actually live in a
• 18:08
  representative democracy is that there was an election that
• 18:12
  happened in November of last year.
• 18:15
  And despite the electioning happening, despite the
• 18:20
  Republicans, which ran on a pro Bitcoin platform, anti CBDC
• 18:26
  platform, they made that very public despite them getting into
• 18:31
  power in all Brit look, they won the presidency, they won the
• 18:35
  Senate and they won the House. Despite all of that, who is the
• 18:43
  Federal Reserve accountable to? Who did they answer to if
• 18:49
  they're not a neutral institution, if they're
• 18:53
  inherently acting politically and maliciously and they have no
• 18:58
  accountability and there are no checks and balances and the
• 19:04
  president can't even fire a fed governor without going into an
• 19:08
  extended lawsuit. And they're the ones that
• 19:13
  control the levers of money, the control of money, the issuance
• 19:18
  of money. Do we really live in a
• 19:22
  democracy? That's the question I have for
• 19:24
  you guys. Does that sound very democratic
• 19:27
  to you? What the F for point At what?
• 19:30
  What is the point of elections? What is the point of elections?
• 19:34
  Trump built a coalition of moderate Democrats, Republicans
• 19:40
  and Libertarians to win the previous election with the
• 19:43
  promise of ending Operation Choke Point O2 Point O, and a
• 19:48
  year into his presidency, he has not been able to get rid of the
• 19:55
  administrative state, which is powered by money printing the
• 20:01
  central bank. And now the central bank is
• 20:03
  coming out and saying, hey, guess what, guys?
• 20:06
  We don't really like this Bitcoin thing.
• 20:08
  But they can't say it publicly. They can't say overtly.
• 20:11
  They can't say it to your face. Because if they say it to your
• 20:15
  face, then the whole facade falls down.
• 20:20
  If they say it to your face after a blowout of an election,
• 20:25
  then they're basically saying, we actually don't believe in
• 20:28
  democracy. And let me tell you guys
• 20:30
  something that's coming out of their own words.
• 20:32
  You guys remember what Christine Lagarde was saying.
• 20:36
  She's like, I kind of don't like the democratic process.
• 20:39
  It's stopping us from rolling out the central bank digital
• 20:43
  currencies. They're having Freudian slips.
• 20:47
  They're showing you their cards. And make no mistake, JP Morgan
• 20:52
  plays an instrumental part in all of this.
• 20:55
  The stable coin bill put the fear of God into these banks.
• 21:01
  Bitcoin is putting the fear of God into central banks.
• 21:07
  And remember, they hide under the illusion meant of, hey,
• 21:13
  listen, we are, we are, we are an independent, neutral agency.
• 21:18
  We, we function within a democracy.
• 21:20
  But I always tell you guys, Bitcoin has a way of exposing
• 21:23
  incentives and expend incentives are being exposed.
• 21:28
  And what I love about this bull slash, bear slash, I don't even
• 21:31
  know what the F we're in at this point is that it's exposing
• 21:35
  incentives for everyone to see. We might have just found out why
• 21:40
  2025 didn't go parabolic. We literally found out that JP
• 21:45
  Morgan the the literally the one of the largest banks in the
• 21:48
  world who is an owner, part owner of the Federal Reserve is
• 21:52
  purposely trying to go after MicroStrategy simultaneously on
• 21:57
  banking. One of the largest most well
• 21:59
  known Bitcoin entrepreneurs who also happens to be a Co founder
• 22:04
  and one of the Bitcoin one of the largest Bitcoin treasury
• 22:07
  companies which he Co founded with Tether, which is the
• 22:11
  largest stablecoin issuer in the place of the place of the on the
• 22:15
  face of the planet. So I'm sorry, you know, reality
• 22:20
  the the, the irony here is hilarious.
• 22:23
  When Jamie Dimon was saying that Bitcoin was used for money
• 22:27
  laundering and sex trafficking and all these things, you know
• 22:31
  what he was doing, he was projecting of what it is they
• 22:36
  are guilty of themselves. He was doing that the entire
• 22:40
  effing time and when Bitcoin started to become a threat,
• 22:47
  guess what? Oh well and thank you.
• 22:50
  They it seems like they didn't get the end the operation choke
• 22:52
  .2 Point O memo. It seems like they're waiting
• 22:56
  for Trump, they're sabotaging the economy, and they're setting
• 23:01
  up the Republicans to lose the House in the midterms.
• 23:08
  And we couldn't see it. It was obfuscated.
• 23:11
  We couldn't figure it out. We couldn't find out.
• 23:13
  Well, now we know. Now we know.
• 23:16
  Now it's. Obvious.
• 23:18
  So yeah, man, that's my bid on that.
• 23:21
  And again, it's not only me just saying that.
• 23:23
  Here's a clip of Mahlers himself when Bitcoin specifically you
• 23:26
  had the JP Morgan, JP Morgan CEO and Chairman Jamie Dimon calling
• 23:31
  it essentially pet rock and once again calling into question it's
• 23:35
  worth and it's value here. I would love to get your
• 23:37
  reaction, especially as some of the financial industry elites
• 23:41
  and and figureheads are continuing to cast some doubt
• 23:44
  here. Yeah, thanks for having me,
• 23:47
  Brad. What do I think about Jeffrey
• 23:52
  Epstein's banker being concerned that a distributed,
• 23:56
  decentralized, open public money could potentially be used for
• 24:00
  bad things sitting on a ski resort in Davos?
• 24:04
  I don't really care. I don't know why anyone cares,
• 24:07
  right? I mean, that guy knows when
• 24:10
  money is used for bad things. So I it's a weird opinion of
• 24:13
  his. And my pet rock was up, as you
• 24:15
  said, 160% last year. It performed well against the
• 24:19
  dollar. So I don't know.
• 24:20
  I don't really care what that guy has to say about Bitcoin.
• 24:24
  I don't know why anybody does. Well, we know why they care.
• 24:29
  We know why they care. It's very obvious as to why they
• 24:31
  care. And they don't feel like playing
• 24:33
  by the rules anymore. The rules are have gone by the
• 24:36
  wayside. And again, if you can say, oh,
• 24:39
  Nico, this is conspiratorial. Jack Mullers was on, he went on
• 24:44
  TV. That was January 23rd of 2024,
• 24:48
  mind you, OK. And we got the receipts.
• 24:51
  And by the way, the receipts are coming from, I think this is a,
• 24:54
  a Democratic senator, I believe, right?
• 24:56
  Let me double check Ron Wyden, US Senator from Oregon.
• 24:59
  Yes. So he's a Democratic senator,
• 25:01
  so. Check this out.
• 25:03
  And this screenshot from the New York Times.
• 25:05
  And this is New York Times, right?
• 25:07
  So bank officials for more than a decade were anxious were
• 25:11
  anxious about Epstein's pro prophilic wire transfers and
• 25:15
  cash withdraws. JP Morgan ultimately processed
• 25:19
  more than 1 billion in such transactions for him and warned
• 25:24
  senior management about his suspicious activities.
• 25:27
  But on at least 4 occasions over five years, the bank's leaders
• 25:35
  overrode those objections and continued to serve Epstein.
• 25:42
  So excuse my French, ladies and gentlemen, when you call us
• 25:47
  Bitcoiners criminals, go oh. Man, I really want to say it.
• 25:57
  And, and here's the headline. I, I don't have this, I got the
• 26:01
  pay wall here, but New York Times, how JP Morgan enabled the
• 26:04
  crimes of Jeffrey Epstein. So yes, kind of naked.
• 26:10
  You really, you guys don't really have anything to stand on
• 26:13
  at this point. You guys don't really.
• 26:16
  I, I just, I don't. I don't.
• 26:18
  Believe the more overt, I don't believe the excuses a threat to
• 26:22
  the financial system, financial integrity, financial stability,
• 26:27
  you know, talking, you know Shiitake about Bitcoin every
• 26:31
  opportunity he had literally literally accusing Bitcoin of
• 26:36
  the things his banker was prolifically doing, his bank was
• 26:42
  prolifically doing, whether whether it was money laundering,
• 26:45
  the trafficking, like literally every single thing he accused
• 26:49
  Bitcoin of JP Morgan enabled literally enabled, right legally
• 26:54
  with the protection of the state, right.
• 26:57
  So I don't know what to say at this point like this is this is
• 27:02
  a clown show. These people are clowns.
• 27:05
  Like I don't know what else to say.
• 27:06
  I really want to curse like I really want to.
• 27:08
  Get this yeah. And I, I actually one, I want to
• 27:11
  add a few things So first thing this did kind of spark a lot of
• 27:15
  people on Twitter to now close their JP Morgan accounts.
• 27:19
  There's like a whole boycott JP Morgan right now.
• 27:22
  I I've seen a lot of bit corners essentially close their accounts
• 27:24
  recently. It's obviously just within our
• 27:27
  echo chamber, but if it if it goes further than that, then who
• 27:31
  knows what happened. And then I, I do want to kind of
• 27:34
  throw a wrench into this because I really like Simon Dixon's take
• 27:38
  on this. And even though we're making the
• 27:41
  case that, yes, it does seem like JP Morgan is attacking the
• 27:44
  Bitcoin industry. I think as I said earlier, the,
• 27:47
  the broader conversation that this article and this whole
• 27:50
  topic sparked for everyone is trying to really pinpoint what
• 27:54
  is going on. Because as, as I was telling you
• 27:56
  guys last week, as we've been saying for weeks, everyone this
• 28:00
  year essentially got it wrong. And we couldn't really pinpoint
• 28:04
  what that, what, where that came from.
• 28:06
  And since everyone, kind of everyone's models were
• 28:10
  completely, you know, out of whack and we don't know what's
• 28:12
  going on with the price. And it does seem like the
• 28:15
  October 10th crash could have been orchestrated by JP Morgan.
• 28:19
  You know, just maybe as a saying is what what is Aniko?
• 28:23
  There's no coincidences. There's there's no conspiracies.
• 28:27
  Yeah, but there's no exactly that's the one.
• 28:29
  OK, so you know, putting my tinfoil hat aside on that kind
• 28:33
  of view, the Simon Dixon take on this is.
• 28:37
  A little similar, but what tinfoil hat.
• 28:40
  No, I know I I'm I'm just talking from like a normally
• 28:42
  perspective. What normally?
• 28:44
  Perspective like they probably looked at this and they're like
• 28:46
  they're making this up even though our sources are all
• 28:48
  literally from the official pro, their favorite.
• 28:52
  Publication there's no listen dude like.
• 28:55
  This is like the equivalent of like bro we we caught them dead
• 29:01
  to rights dude. Like this is the you.
• 29:03
  You couldn't find a bigger smoking gun if you tried.
• 29:07
  Right. But this is this is like this is
• 29:11
  guilty man. Like.
• 29:13
  Hey, you know I'm on your side. You know what the crazy?
• 29:15
  Part is though, you know what the crazy part is, is that they
• 29:19
  arrested CZ. They arrested Arthur Hayes, they
• 29:23
  went, they went after the samurai wallet developers.
• 29:27
  And there's a New York Times article that literally says that
• 29:32
  JP Morgan was covering up for certain types of traffickers and
• 29:37
  they were doing that. And that came from bank
• 29:39
  leadership. Love it.
• 29:43
  Love. It okay, here's the Simon Dixon
• 29:45
  take, which is. Come on now.
• 29:47
  Which I. I think the Simon Dixon take is
• 29:50
  literally yes. And so again, this this sparked
• 29:55
  a whole bunch of conversation on Twitter.
• 29:57
  Simon Dixon goes further and this is no attack.
• 30:01
  You know, Simon Dixon's a Bitcoiner, long time Bitcoiner.
• 30:03
  He worked at Wall Street and this was his like, yes, but it's
• 30:07
  even worse than that kind of view.
• 30:09
  And so I'm not going to read the whole thing again.
• 30:11
  I highly recommend you guys go follow Simon Dixon.
• 30:13
  He does do some like, you know, hour long monologues on these
• 30:16
  these topics, but he goes, I keep getting tagged to comment
• 30:20
  on Oh, sorry, I keep getting wait, I keep getting tagged
• 30:25
  here. I keep getting tagged to comment
• 30:27
  on this article. Here's where I differ from the
• 30:29
  author. JP Morgan and the broader
• 30:31
  financial industrial complex are using their old vassalization
• 30:35
  tax to control the micro strategy.
• 30:37
  And they will win because Sailor was already owned by Wall Street
• 30:40
  the moment he started accepting corporate debt and using public
• 30:43
  company as his vehicle. And again, he's not like taking
• 30:48
  shots at sales are basically saying, as I've been saying for
• 30:51
  a little while, that the attack we're seeing on Bitcoin is
• 30:55
  essentially giving up your private keys for these Wall
• 30:58
  Street products. And if you're in Wall Street,
• 31:01
  then you are part, as he likes to call it, the financial
• 31:04
  industrial complex. Again, I'm not going to read the
• 31:06
  whole thing. You guys should go read it.
• 31:08
  But here is where he really kind of aligns with what Nico and I
• 31:13
  usually say to you guys day in and day out that Bitcoin in self
• 31:16
  custody is the resistance. And not giving Wall Street more
• 31:20
  power by giving up your Bitcoin instead of actually buying
• 31:24
  Bitcoin. That is where the resistance is.
• 31:27
  You know this is what it's all about guys.
• 31:29
  Own more Bitcoin in self. Custody this month than you had
• 31:32
  last month and boycott all banks and Wall Street rappers where
• 31:35
  you can enjoy watching the short term manipulation.
• 31:38
  They can't manipulate this long term.
• 31:41
  As long as you have your Bitcoin in self custody, then you will
• 31:44
  survive whatever is going on. And so he kind of goes a little
• 31:47
  further. He's like, look, I don't think
• 31:50
  it's JP Morgan attacking Bitcoin.
• 31:52
  I think in general it's Wall Street attacking self custody
• 31:56
  Bitcoin. So this this kind of sparked a
• 31:58
  whole different conversation on Twitter.
• 32:01
  But he basically agreed. He's like, yeah, the the JP
• 32:04
  Morgan stuff is right, but it could possibly be even worse
• 32:07
  than that guys. So This is why we keep telling
• 32:09
  you, I think the biggest attack right now is literally trying to
• 32:14
  incentivize you to give up your keys of your Bitcoin.
• 32:16
  But you're not going to do that because you hang out with us
• 32:19
  every day. You're taking self custody of
• 32:21
  your Bitcoin, you're acquiring Bitcoin, you're doing exactly
• 32:24
  what these institutions are doing.
• 32:26
  You're buying daily, weekly, monthly, whatever works for you.
• 32:29
  You just got to continue to accumulate and continue to take
• 32:32
  that Bitcoin into self custody. And all of this, you know,
• 32:36
  shenanigans will not affect you. So that was a that was a long
• 32:41
  RIP. Bro, I mean dude, I like I I'm
• 32:44
  just I'm flabbergasted. I I don't like, I don't know
• 32:47
  what to say at this point like this is crazy because first of
• 32:51
  all, I feel alive again. You know, that's, I guess the,
• 32:55
  you know, the cherry on top here.
• 32:57
  Also appreciate the Super chat from the deep stank.
• 33:02
  Please don't look into JP Morgan anymore.
• 33:03
  Sincerely, sincerely, the auto pen.
• 33:06
  That's hilarious. But no, I mean like look in all
• 33:09
  seriousness, like you know, and I was holding and Ruston, I want
• 33:15
  to issue. You a sincere apology.
• 33:17
  Wait, wait, wait. Where's mine?
• 33:19
  And. Opti too, 'cause you know, this
• 33:22
  is stuff that like we figured out like months ago or years
• 33:28
  ago, but. For and you fought me on it, but
• 33:31
  forever but. For the health of the channel
• 33:33
  and the survival of the channels.
• 33:35
  Like guys Overton window like I get it.
• 33:38
  I, I believe you guys. I.
• 33:40
  Agree, but like no. No, no, we cannot talk about
• 33:43
  this. And now it's confirmed.
• 33:49
  It's literally. Real.
• 33:50
  This is what they've been doing, which is nuts.
• 33:53
  Like it's so crazy where we are in the movie.
• 33:57
  And you know, I'm, I'm grateful. I'm grateful because, you know,
• 34:01
  like I feel like this year we really.
• 34:03
  Lost the plot when it came to the mission like.
• 34:06
  This year we we got really. Distracted as a As a.
• 34:11
  Whole the community got really distracted as a whole, like Wall
• 34:16
  Street came in. People got like very excited by
• 34:20
  Wall Street and like, people just like forgot that this thing
• 34:26
  that we have, which Simon Dixon pointed out, Dude, we are in a
• 34:32
  revolution. Bro.
• 34:33
  This is a revolution, ladies and gentlemen, this is a this is a
• 34:36
  non violent revolution of the people reclaiming back their
• 34:41
  financial sovereignty from the central.
• 34:44
  Banks and the big bank and the big banks.
• 34:47
  That is literally what it is about.
• 34:51
  And that is what's happening. And it's happening via Bitcoin
• 34:55
  in self custody. And it's also happening with the
• 34:59
  propagation of stable coins all around the world, right?
• 35:03
  And part of the genius act, it freaked out the big bankers.
• 35:07
  You have to understand this. And the reason it freaked out
• 35:09
  the big bankers is like, wait a second, Like people are going to
• 35:12
  take cash withdraws out of my bank when this starts when, when
• 35:17
  this stuff starts to happen, Like this is a problem.
• 35:19
  Like this is dangerous and. One of the things that they made
• 35:25
  they they forced to put into the stablecoin act, you know, which
• 35:28
  really kind of begs the question is that the stablecoins couldn't
• 35:31
  offer interest because if they offered interest, then no one
• 35:35
  would use a bank anymore. And then my question is like,
• 35:39
  OK, fine, a bank off pays you interest, but like, what's the
• 35:44
  rate? It's like .0.
• 35:47
  It's like, it's like, it it, it's, it like it's an insult at
• 35:49
  this point, right? Because like, think about it
• 35:52
  like the bank has your money and then it uses that money and it
• 35:56
  lends it out to other people and it makes money off of your
• 35:58
  money. It makes money off of your bank
• 36:00
  deposit. Right.
• 36:02
  Yeah, by design. That's the that's the bank's
• 36:06
  business model. Is lending your money out and
• 36:09
  you? Don't get the returns.
• 36:10
  So with the stablecoin thing, it's kind of like it kind of
• 36:14
  exposed the whole thing. So the bankers went to Congress
• 36:17
  and they said, OK, we we would let the genius act pass, but
• 36:21
  these stablecoins can't offer interest.
• 36:23
  They're. Like, OK, that's fine.
• 36:27
  Then a lot of the big exchanges like Coinbase was like.
• 36:30
  Hey. By the way, we're OK with, you
• 36:36
  know, we're not going to the, the stable coins themselves
• 36:39
  won't offer interest, but what we're going to do is we're going
• 36:42
  to start offering rewards and the banker's like, no, you can't
• 36:44
  do that. You can't do that.
• 36:46
  It exposes the scheme right now, unless you have like a certain
• 36:50
  amount of money in your account, you get charged on a monthly
• 36:53
  basis and they call it like a management fee.
• 36:57
  So they hold your money and then they charge you for holding your
• 37:01
  money and then they make money off of your money.
• 37:05
  Oh, and by the way, if they disagree with you politically,
• 37:10
  they can close your account and hide behind the Bank Secrecy Act
• 37:15
  while simultaneously they are banking and hiding the
• 37:21
  transactions of pedos. Yeah.
• 37:27
  I can't believe you said that. I literally I.
• 37:30
  Could not make this up. If I tried.
• 37:35
  I could not. I couldn't make this crazier.
• 37:39
  We couldn't make it. I couldn't make this crazier
• 37:42
  even if I tried to make it crazier.
• 37:44
  Like this is literally what happened.
• 37:47
  Like we have all the receipts. You have United States Senators
• 37:51
  from the Democratic Party and the Republican Party.
• 37:54
  You have a New York Times article.
• 37:57
  You have the debanking of Jack Mahler's right?
• 38:00
  Like it's not. Oh, and then the shorting of
• 38:03
  MicroStrategy like, oh, and then he was accusing of of us of this
• 38:10
  all, all these years. Like.
• 38:14
  You couldn't have put more. You couldn't put this story
• 38:18
  together if you tried. You couldn't put it Better
• 38:20
  Together if you tried. Like Rustin was right the entire
• 38:23
  time, all these years. So was I.
• 38:28
  What a surprise. Yeah, honestly.
• 38:30
  Honestly, though, I'm not even going to say I'm not going to
• 38:35
  jinx it. I'm not going to jinx it.
• 38:37
  Yeah, let's get. Let's get.
• 38:38
  Let's get it. Bro, I mean, this is hilarious,
• 38:44
  dude. It's super, it's super funny.
• 38:47
  It's super funny. All right, guys.
• 38:49
  It's going to be a fantastic show.
• 38:50
  I'm turning. I'm turning.
• 38:52
  Red just because, well, it's also the AC.
• 38:55
  Is broken in here. It's so.
• 38:56
  Hot, yeah. The AC is pretty hot.
• 38:59
  But anyways, guys, it's going to be a fantastic show.
• 39:01
  We have tons to cover, but before we get to it, I do want
• 39:05
  to give a very special shout out of course to our lead sponsor.
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• 39:36
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• 40:10
  alright everybody, It's going to be a fantastic show.
• 40:13
  We still have a ton of content for you guys.
• 40:15
  If you guys are enjoying today's show, smash that like button,
• 40:19
  consider subscribing. Shout out to all of you guys
• 40:22
  watching on YouTube, Rumble X and the audio platforms.
• 40:26
  We're going to be right back in just a little bit.
• 40:36
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  Alright everybody, we are. Back guys scan the QR code on
• 41:52
  your screen if you guys want to help support the show, the
• 41:55
  number one thing you could do to help support us is check out our
• 41:58
  partners. That's how we stay on air of
• 42:00
  course. So check out Bitcoin.
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• 42:27
  recording the Bitcoin price is $88,280 block hike 925,028
• 42:34
  market cap 1.76 trillion Bitcoin versus gold market cap 6.09%
• 42:41
  decline from all time high -30% so if you're buying Bitcoin
• 42:45
  right now, you're getting it at a 30% discount Anyways, I want
• 42:49
  to play you guys this video of Chad Saylor.
• 42:53
  I I stand with sailor man. I stand with sailor I stand with
• 42:58
  sailor I stand with sailor. I stand with sailor man.
• 43:02
  I stand with my sats. I Yes.
• 43:05
  But. I stand with sailor.
• 43:09
  I'm on sailor's side. But anyways, so.
• 43:13
  Sailor is talking about this idea of how to 10 extra money,
• 43:17
  not financial advice, but I think his logic and his
• 43:20
  reasoning is extremely sound. So let's check out the clip and
• 43:24
  then of course we'll talk about it.
• 43:26
  Here we go. The best idea if you want to
• 43:31
  make 10 extra money is you buy something that everybody in the
• 43:36
  world needs. Nobody in the world can stop,
• 43:40
  and almost nobody understands, OK, so in 2010, that was Amazon,
• 43:47
  or that was Apple, or that was Facebook or Google.
• 43:51
  These are all dominant digital networks that everybody in the
• 43:55
  world needed that nobody could stop.
• 43:58
  But if you'd asked the typical mainstream investor, is this a
• 44:02
  good investment, they would all say, oh, it's very scary.
• 44:05
  It's overvalued. Amazon doesn't make money.
• 44:10
  You know, mobile phones used to cost $50.
• 44:15
  You know, it's like Apple's going to sell an iPhone for
• 44:18
  $600.00. It's they said it's too
• 44:20
  expensive. The iPhone $600.00 is too
• 44:22
  expensive. Nokia will sell me one for $30.
• 44:25
  They said Apple is going to go to $30.
• 44:27
  And of course, what happened is Apple went to $1500.
• 44:30
  And so so the conventional wisdom was against these big
• 44:34
  tech companies. So I mean lots of watch shot,
• 44:38
  please, lots of you know, I I, I I would say the conventional
• 44:43
  wisdom here is this guys like we are not liked.
• 44:50
  All right, Bitcoiners, Bitcoiners with Bitcoin in self
• 44:55
  custody. We are not.
• 44:57
  We're not. We're not.
• 44:58
  Liked we're not a not a huge people are not a big fan of.
• 45:03
  Ours. But like, fundamentally you got
• 45:06
  to ask yourself this, like, why are we not liked?
• 45:12
  What are we doing wrong? I mean, bitcoiners are pretty
• 45:15
  unbearable. No, no.
• 45:16
  I. No, no, I'm totally.
• 45:18
  I'm totally. I'm totally.
• 45:19
  I'm totally. Other than Bitcoiners?
• 45:21
  Being I'm totally I'll totally dude.
• 45:23
  Other than Bitcoiners being, you know, bitcoiners, right?
• 45:26
  Like what is fundamentally wrong with having Bitcoin and having
• 45:32
  it in self custody and then getting like wealthier over time
• 45:39
  because your money isn't being debased or manipulated or
• 45:42
  controlled? Like what is wrong with that?
• 45:46
  I, I haven't found a good argument for it.
• 45:50
  You know now that this is. The head of the European Central
• 45:54
  Bank is a convicted felon. Like.
• 46:00
  You can't make this up. Dude she's a babe though with
• 46:02
  nice scarves. You can't make, you can't, you
• 46:05
  can't, you can't make this up even if you tried.
• 46:07
  That isn't my opinion. Look up Christine Lagarde, look
• 46:11
  up her legal case, and then simultaneously right her and
• 46:16
  then some other bankers across the pond are calling us all the
• 46:21
  names in the book, right? And then a lot of these things
• 46:25
  that they're saying that we're guilty of, maybe it's like a
• 46:30
  privilege thing. It's like, hey, listen, we were
• 46:33
  the only ones that were able to do that, bro.
• 46:35
  All right? Listen, we were the ones that
• 46:39
  are able to do that, not you guys.
• 46:40
  We were able to do that. I don't know man, but to kind of
• 46:45
  add to Sailor's point, you wouldn't 10X your money from
• 46:50
  here. Not financial advice if Bitcoin.
• 46:57
  Was not hated if Bitcoin were mainstream at this point, it
• 47:04
  just the opportunity wouldn't be there if if Bitcoin was fully
• 47:09
  embraced by these institutions, which I think this year we
• 47:15
  thought we were in the door. That's the problem.
• 47:17
  Like we thought we we thought we were in the club, right.
• 47:21
  And The thing is, we got in the club like we managed to get a
• 47:26
  seat at the table for sure, 100%.
• 47:30
  The problem is that everybody at the table was looking at us
• 47:33
  like, who the F is this guy and who the hell let him in?
• 47:37
  And let's scheme and figure out how to get this guy kicked off
• 47:40
  the table. Right, that's what happened.
• 47:43
  Like we managed to get on the table and, you know, through the
• 47:47
  democratic process, you're like, OK, that's how you influence
• 47:50
  things. That's how you make changes.
• 47:51
  Great, fantastic, fabulous, bro. We won.
• 47:54
  We got Ross Albert free. But then we're like, oh wow,
• 48:00
  wait a second, this is going to take a lot longer than we
• 48:04
  thought. And this.
• 48:05
  Is going to be a lot messier than we thought, and these
• 48:08
  people don't play by the same rules as the.
• 48:10
  Rest of us play by, which is wildly absurd.
• 48:16
  Yeah, yeah, yeah. This is crazy.
• 48:19
  This is nuts. You know, Andreas, back in the
• 48:22
  day, he had a very famous video. I really recommend watching it.
• 48:27
  And he essentially called, like, the global banking system, this
• 48:32
  giant cartel, right? This is cartel like behavior.
• 48:39
  I don't know how else to put it. Like, I don't know how to put
• 48:42
  that nicely. Like I don't know how to say
• 48:44
  that in another way. I don't know how to tell you
• 48:47
  like, OK, Nico, you know what? Oopsie Daisy.
• 48:50
  They didn't know because when they found that JP Morgan look,
• 48:54
  there was this other one. There's this other one I have to
• 49:02
  like. Cargo ship seized by JP Morgan
• 49:06
  Chase. The cargo ship owned by JP
• 49:09
  Morgan Chase seized by US with 20 tons of cocaine.
• 49:21
  You couldn't make it up if you tried.
• 49:23
  I I don't know. I'm.
• 49:24
  I'm done, I'm done. I can't.
• 49:26
  I can't, I can't. This is just too crazy.
• 49:28
  Jamie likes to party. Let's go.
• 49:30
  Oh, oh, hold on, hold on. First and foremost, Nico, I will
• 49:33
  not allow this slander of the wonderful and beautiful
• 49:37
  Christine Lagarde on this show. No, no, I'm trolling you.
• 49:42
  You asked a question earlier and it was like, why aren't, why are
• 49:46
  Bitcoiners not liked? And I, I know they were
• 49:48
  rhetorical, but it, it just to make it very plain for people is
• 49:52
  because one, as we said a minute ago, again, I always reference
• 49:56
  this, the it's like the first, literally the first thing
• 49:59
  written in the white paper is like the creation of a digital
• 50:04
  currency without the middle men essentially taking them out of
• 50:08
  their position to power. And so all the attacks on
• 50:11
  Bitcoin can be boiled down to one thing.
• 50:13
  Again, Nico got me into politics.
• 50:16
  Nico loves politics, as you guys know, and I always try to boil
• 50:20
  things down for like me explaining to my parents.
• 50:23
  And when you think about politics in the, in the kind of
• 50:27
  the framing of it's all about power, then you understand what
• 50:31
  everything downstream of it really is.
• 50:33
  And it's all about control and the fact that they can't control
• 50:36
  Bitcoin. The, the fact that they
• 50:37
  basically, you know, in their opinions have have the inmates
• 50:41
  running the asylum now because we are outside of their control,
• 50:44
  it totally freaks them out. And This is why they constantly
• 50:47
  flood Bitcoin. This is probably why if these
• 50:50
  reports come out to be 100% true and not just mere speculation,
• 50:55
  why they're trying to suppress the price and keep it down and
• 50:57
  basically stop the true believers from doing what we set
• 51:01
  out to do. And they did a pretty good job
• 51:02
  at distracting us throughout the whole year with Bitcoin treasury
• 51:05
  companies, with all the Wall Street products coming out, the
• 51:08
  ETFs, etcetera. But now towards the end of the
• 51:12
  year, you're you're you're starting to feel the the
• 51:15
  hardcore Bitcoin ethos emerge again.
• 51:19
  It's coming, baby. I feel the life.
• 51:23
  This is like what this show was all about.
• 51:25
  Like this is like literally why, you know, we found it simply
• 51:28
  like this is literally why we created simply to talk about.
• 51:32
  Moments like these, man, and like.
• 51:35
  And we're slaves to the news. Cycle.
• 51:37
  So it's been a, it's been a rough.
• 51:38
  Year a little bit, yeah. Dude.
• 51:40
  Like, oh, man. And and we're like, yo,
• 51:42
  Bitcoin's boring and Bitcoin's this.
• 51:45
  And it's like, yeah, you know, the volatility hasn't been that
• 51:47
  great. And, you know, it has been like
• 51:50
  kind of a lot of like. Cheering and whatever, but you
• 51:53
  know, it's crazy because we weren't in the room before.
• 51:57
  Now we're in the room. But just because like I was
• 52:01
  tweeting out like, hey guys, we won.
• 52:04
  It's just a waiting game now. We haven't won yet.
• 52:09
  We have not won. This is this is going to be a,
• 52:15
  you know, this is going to be a battle.
• 52:17
  This is going to be a guys. This is the core.
• 52:20
  This is the core like source of power, like the the ability, the
• 52:27
  ability to control and issue. Money is like the root of power.
• 52:34
  You think about it, right? And if you think that they're
• 52:39
  just going to go and say, you know what, guys, you found
• 52:42
  better money, this is sound money, you guys are good.
• 52:47
  That is naive, that is naive, and it was naive of us to even
• 52:51
  think that. Right.
• 52:52
  Like look at what they did with Elon and.
• 52:54
  Yeah, you were being very naive. Look at what they did with.
• 52:57
  Elon and doge like they like they that didn't work out like
• 53:02
  they they got that it just it like you guys have to understand
• 53:05
  like how much money is involved here?
• 53:07
  How much power is involved here? And just wasn't involved.
• 53:10
  So I'm glad that this came out because it really highlights the
• 53:14
  fact that we're here on a mission.
• 53:18
  And I think this year we might have forgotten that a little
• 53:21
  bit, you know, with the financialization and the
• 53:25
  addition of Wall Street in Bitcoin.
• 53:28
  But remember the core mission, remember why Bitcoin was
• 53:31
  invented, remember why Soshi Satoshi created Bitcoin.
• 53:37
  And if you remember that, you know you're good.
• 53:40
  But anyways, guys, we are running a little bit late.
• 53:42
  I guess we'll have a long show today.
• 53:44
  Long Monday show we're going to. Hit the news.
• 53:46
  Segment, we're going to be right.
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  Back just a bit. I want to give a shout out to
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  our partner Let In, the leader in Bitcoin Back Loans unlock the
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  spend your Bitcoin. You want to take self custody of
• 56:50
  your Bitcoin. You don't Clearly, I think we're
• 56:53
  we've established that by now. I don't want to, you know,
• 56:57
  repeat myself because I think we went in deep with why self
• 57:00
  custody is important. But anyways, just to kind of
• 57:03
  zoomed in a little bit, guys, zoom out a little bit, you know,
• 57:10
  Trump, Trump has paid a very heavy price individually over
• 57:20
  the last, you know, decade that he's been in politics.
• 57:26
  We didn't speak vocally about him until, you know, really
• 57:30
  Operation Choke .2 Point O started and we were just like
• 57:35
  Opti and I like seriously, we had to, we had a discussion.
• 57:38
  We talked about it, but the law fair, the assassination
• 57:42
  attempts, you know, the fact that he was like one of the only
• 57:47
  presidents who when he left out, when he left from office, his
• 57:52
  net worth was actually lower than it was before he joined
• 57:56
  office. And now that he's so heavily
• 58:02
  involved in our sector, in our industry, right?
• 58:05
  And now that we've basically found out that JP Morgan and the
• 58:12
  Fed have been essentially, you know, doing some things that
• 58:21
  potentially could have impact on the price, when I read these
• 58:27
  types of articles, it doesn't surprise me, right?
• 58:30
  So I'll, I'll leave it with that context.
• 58:34
  But here's a Bloomberg article. It says crypto crash erodes
• 58:37
  wealth for Trump family and followers.
• 58:40
  And President Donald Trump's second second term crypto assets
• 58:42
  transformed his family's wealth. Now the Trump's their followers
• 58:46
  are getting a crash course in the wild volatility ingrained in
• 58:50
  digital assets. The value of a Trump Brandon
• 58:53
  memecoin has followed by about 1/4 since August, Air Trump's
• 58:56
  stake in a Bitcoin mining venture has shed roughly half
• 59:00
  its value from its peak. And shares of Trump of Trump's
• 59:03
  social media company, which started hoarding Bitcoin this
• 59:06
  year, hovering near all time low.
• 59:08
  The sell off is part of a broader route that wiped out
• 59:11
  more than $1 trillion of value across the digital asset world.
• 59:15
  The Trump's family fortune has fallen to about 6.7 billion from
• 59:20
  7.7 billion. I think my portfolio's movements
• 59:24
  go down, but like, damn in early September, according to Those
• 59:31
  holdings involve intricate deals that go beyond straight bets on
• 59:35
  the value of digital currencies. Everyday investors who have more
• 59:38
  ways than ever before to invest in Trump like projects, stand to
• 59:42
  feel greater pain. Any speculator who bought
• 59:45
  Trump's meme coin at its peak after it was announced
• 59:48
  inauguration weekend, for instance, would have lost almost
• 59:51
  the entire value of their investment by this month.
• 59:53
  Eric Trump, the president's second born son, said he remains
• 59:57
  undaunted, and he had repeatedly urged investors to double down,
• 1:00:00
  even in crypto market downturns. What a great buying opportunity,
• 1:00:05
  he said. People who buy the dips and
• 1:00:07
  embrace volatility will be the ultimate winners.
• 1:00:10
  I have never been more bullish on the future of cryptocurrency
• 1:00:12
  and the modernization of the financial system.
• 1:00:17
  What if the financial system doesn't want to be modernized
• 1:00:20
  anyways? It's true that since it was
• 1:00:22
  created in 2009, Bitcoin has endured multiple steep plunges
• 1:00:26
  before, only to climb higher and higher with time.
• 1:00:28
  But the Trump's have a buffer built into their crypto
• 1:00:31
  holdings. While they own tokens and shares
• 1:00:34
  of crypto link companies that are tanking, they earn money in
• 1:00:37
  other ways from their involvement in the industry.
• 1:00:39
  Take the crypto platform they founded, World Liberty
• 1:00:42
  Financial. The Trump family has seen their
• 1:00:44
  holdings of the affluent token decline in paper value, but
• 1:00:47
  they're still entitled to a portion of proceeds from selling
• 1:00:50
  the token. Retail investors can only
• 1:00:52
  speculate. The Trump's could not only
• 1:00:54
  speculate, but they create tokens, sell them and make money
• 1:00:57
  off those transactions. Bitcoin traded above 86,000 on
• 1:01:01
  Monday, recovering from Friday's drop to just about 80,500.
• 1:01:06
  So again, and it's just talks about, you know, basically all
• 1:01:11
  the volatility that a lot of, you know, a lot of Trump's, you
• 1:01:17
  know, Bitcoin and crypto companies have gone through and
• 1:01:23
  how it's actually affected his wealth.
• 1:01:25
  And what's really interesting about this, if you connect the
• 1:01:27
  dots, is President Trump is paying the price of tuition.
• 1:01:31
  Like everyone pays the price of tuition.
• 1:01:33
  Like Naimbu Kelly paid the price of tuition, like Michael Saylor
• 1:01:35
  paid the price of tuition. The price of tuition spares no
• 1:01:39
  one. But what's really interesting to
• 1:01:41
  me now, though, is the headwinds that he's experiencing himself
• 1:01:46
  internally because now, like, even though we've reached the
• 1:01:51
  top halls of power and I I'm the I will be the first one to say
• 1:01:56
  that Trump isn't perfect. You know, I'm not a big fan of
• 1:02:00
  the meme coin as a bitcoiner, obviously, but you know, even
• 1:02:06
  reaching the top holes of power, the fact that Operation choke .2
• 1:02:11
  point O still exists tells me that that's not enough.
• 1:02:16
  Like this is a this is a deep rooted institutional thing And
• 1:02:23
  and and I saw you know, one of like the I would say one of the
• 1:02:27
  most populous leaders for the right and the left.
• 1:02:32
  She actually made her, she had a resignation announcement last
• 1:02:37
  week out of nowhere. And and I and I read her letter
• 1:02:41
  and basically she was making the case that look like the grift is
• 1:02:45
  this. There's a revolving door.
• 1:02:48
  They keep you divided and they make money off you being
• 1:02:51
  divided. That's the grift, right?
• 1:02:56
  So it doesn't matter whether it's team blue or team red that
• 1:02:58
  gets in there. Nothing really changes.
• 1:03:02
  It's just like this kind of revolving door.
• 1:03:05
  Now, it's not to say that politics aren't important.
• 1:03:08
  Trump getting elected was a primary reason as to why Ross
• 1:03:11
  Ulbricht was freed. So you can't completely make the
• 1:03:15
  case that politics don't matter. They clearly do.
• 1:03:20
  But you know, this is a it's interesting.
• 1:03:26
  It's interesting that, you know, the president is paying price of
• 1:03:29
  tuition too. You know, even though I might
• 1:03:32
  not completely. Agree.
• 1:03:34
  With his business dealings, there's a lot of people in the
• 1:03:37
  chat opting. I don't know if you want to
• 1:03:38
  address this because you're clearly more on the more on the
• 1:03:47
  you're, you're clearly more. You clearly have your your.
• 1:03:49
  I'm more tapped in, you're more. Tapped in to the cultural
• 1:03:54
  zeitgeist than I am. Well, I look, I don't know where
• 1:03:58
  you're going with that one, but I do.
• 1:04:00
  I do want to mention a few things.
• 1:04:02
  The first one is I've been telling you guys that this type
• 1:04:07
  of I, you can't even call it journalism, but like propaganda
• 1:04:11
  was on the horizon that whether you like Trump or not, it's
• 1:04:15
  becoming very clear that the big kind of publications, the big
• 1:04:19
  media wings, they really don't like Bitcoin And they're, they
• 1:04:24
  are kind of using the, you know, oh, Trump's in Bitcoin.
• 1:04:28
  Therefore you should stay away from Bitcoin.
• 1:04:30
  Look how bad he is. You know, he's a con man.
• 1:04:32
  Look at all these scams, etcetera, etcetera, etcetera.
• 1:04:34
  And it really does make me think that, you know, if the, if the,
• 1:04:40
  if the Republicans don't figure it out by, you know, very soon
• 1:04:44
  because the midterms are coming up, like there could be a huge
• 1:04:48
  backlash from the Democrats in the Bitcoin slash crypto
• 1:04:52
  industry. And that's not too far in the
• 1:04:54
  future. Like that's right around the
• 1:04:56
  corner. And so I've been telling you
• 1:04:58
  guys this, I've been seeing this happen very slowly but surely
• 1:05:02
  and just kind of reading between the lines and reading between
• 1:05:04
  the headlines and kind of their, their narrative takes on this.
• 1:05:07
  They are essentially kind of pinholing Bitcoin and it it
• 1:05:13
  could potentially like it could put us all in the crosshairs
• 1:05:16
  essentially in the future. Now, the second thing I want to
• 1:05:18
  mention and and I'm we might have to clear this up a little
• 1:05:22
  bit of what where Niko is going with this.
• 1:05:23
  But the second thing that that really kind of jumped out to me,
• 1:05:27
  Niko, was that article sounded very close to what Sailor went
• 1:05:32
  through, where he was getting attacked in the media for the
• 1:05:35
  Bitcoin play a few years ago. And look at Sailor now like,
• 1:05:39
  yeah, you know, the stock's kind of in trouble.
• 1:05:41
  Yeah, JP Morgan's kind of attacking strategy.
• 1:05:44
  But Sailors probably never seemed this comfortable or like
• 1:05:48
  this giddy about where he is right now.
• 1:05:50
  I think he is kind of pairing all of these attacks and I think
• 1:05:55
  in time, the Trump administration will most likely,
• 1:06:00
  even even though all of its faults, if they do really double
• 1:06:04
  down, commit and and follow through on all this Bitcoin
• 1:06:07
  stuff. It will fundamentally be like
• 1:06:11
  that defining era that does change things in America because
• 1:06:15
  of them embracing Bitcoin, the monetary regime that we're
• 1:06:18
  seeing happening right now. And I'm I've been very critical
• 1:06:21
  of Trump. I, I think he's hilarious dude,
• 1:06:24
  but there's still things that I want to see more happen.
• 1:06:27
  Like I love the, you know, the kind of the edits around him
• 1:06:31
  versus what he's actually doing. Because like he, in my opinion,
• 1:06:36
  needs to go a little harder, not just for the Bitcoin stuff, but
• 1:06:38
  like it's, it's the Bitcoin stuff that matters to me the
• 1:06:42
  most because I am a Bitcoiner and look, I'm an American.
• 1:06:46
  I want to see American prosperity like I'm, I'm all for
• 1:06:48
  that stuff. So I don't know where we're
• 1:06:51
  going with that lad. Fire.
• 1:06:52
  Let's. Continue that conversation
• 1:06:54
  because I think it's worthy of the culture.
• 1:06:55
  Guys. We're going to be right back in
• 1:06:56
  just a bit. I want to give a shout out to
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  our partner Hive Digital Technology.
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• 1:08:59
  All right, so just to kind of continue that conversation.
• 1:09:04
  So I, I would say this dude, like, you know, I think that as
• 1:09:14
  long as a country has a central bank, it is not accountable to
• 1:09:20
  its people. I think that as long as a
• 1:09:24
  country has a central bank, there is going to be a massive
• 1:09:30
  centralization of power. And it creates a new
• 1:09:34
  aristocracy, even though it might not be like the historical
• 1:09:40
  aristocracy that you're picturing in your mind.
• 1:09:43
  But it creates this like new, this new elite class, right?
• 1:09:51
  These new content, the continuing air class, which
• 1:09:54
  function very much like the aristocracy of old, even though,
• 1:10:00
  you know, it has new branding. And, you know, they hide behind,
• 1:10:06
  they hide behind, you know, this moral virtue, like, oh, we
• 1:10:11
  should use less energy. You know, let's make the world
• 1:10:15
  a, a, a better place if people use less energy.
• 1:10:19
  Meanwhile, they're taking their private jet fleets to Davos,
• 1:10:21
  right? So, like, I think what you're
• 1:10:26
  witnessing right now is people are experiencing, they know
• 1:10:33
  something's wrong with the system.
• 1:10:34
  They feel the wealth inequality, they don't feel like their vote
• 1:10:39
  actually makes a difference. If he if you want to know why
• 1:10:42
  Mandami won in New York, like his messaging was on point,
• 1:10:47
  right? I know everyone can't afford
• 1:10:50
  anything. I'm here to fix that now.
• 1:10:53
  I don't agree with his his method.
• 1:10:55
  We've tried that method many times throughout history.
• 1:10:58
  It doesn't work. I think that the only way to
• 1:11:01
  really fix this concentration of wealth and power at the top is
• 1:11:08
  not through coercive means or wealth redistribution.
• 1:11:12
  It's me. It's fixing the mechanisms as to
• 1:11:15
  why this happened. Now I see a lot of people in the
• 1:11:19
  chat talking about Nico. You don't understand Trump and
• 1:11:23
  he's part of it. And you know, he's part of the,
• 1:11:27
  the, the party, the the left and the right party.
• 1:11:30
  And it's all, it's all the UNI party.
• 1:11:31
  It's all that's in the snap. I completely agree with you.
• 1:11:35
  But The thing is like, to an extent.
• 1:11:38
  But The thing is, we wouldn't be here today.
• 1:11:41
  The Overton Window would not be here today if it wasn't for the
• 1:11:47
  Trump revolution and Trump going down the escalator.
• 1:11:51
  He shook up the political establishment so much that it
• 1:11:56
  exposed things. So I'm not thinking about, OK,
• 1:12:01
  you know, Trump 2028. I'm thinking about what comes
• 1:12:06
  after Trump. And I think that's a very
• 1:12:09
  important question, right? What comes after Trump to make
• 1:12:13
  sure that this movement keeps going, right?
• 1:12:18
  Because I do see an opt to you. You see where I'm going with
• 1:12:21
  this. There is going to be a
• 1:12:22
  convergence in terms of of the this populist movement that's
• 1:12:29
  rising, right? And populism gets a bad name.
• 1:12:33
  But it, it, it, it, it's, I don't see anything wrong with
• 1:12:36
  inherently wrong with populism. Populism basically just means
• 1:12:40
  putting the people first, right? Not putting the elites, not
• 1:12:45
  putting special people in charge or anything like that.
• 1:12:48
  It just means putting the majority first, right.
• 1:12:52
  And what Bitcoin fundamentally is, it's it's the people's
• 1:12:55
  money. It's the people's money that no
• 1:12:57
  one has any special privileges. The the 21 million cop protects
• 1:13:02
  you. It protects the lower and middle
• 1:13:06
  classes the most because they're the ones that disproportionately
• 1:13:10
  get affected the most with by currency debasement.
• 1:13:14
  So, you know, that's what I'm thinking.
• 1:13:16
  I'm thinking who comes up after Trump?
• 1:13:19
  Who's going to step up to the plate after Trump, right.
• 1:13:23
  And, and I'll be honest with you guys, I'm a single issue voter,
• 1:13:25
  right? So, you know, if I see someone
• 1:13:29
  on the left that, you know, is, is actually concerned about, you
• 1:13:36
  know, is concerned about moving the Bitcoin, you know, cause
• 1:13:41
  forward, I, I wouldn't mind having that discussion and
• 1:13:45
  having that conversation or, or putting our support as a media
• 1:13:49
  organization, as literally one of the leading media
• 1:13:52
  organizations in Bitcoin only I wouldn't mind putting my support
• 1:13:56
  behind that person. I just don't see it right now,
• 1:13:59
  right. That's not to say you don't have
• 1:14:01
  Ro Khanna, you don't have, you know, people on the Democratic
• 1:14:05
  Party that are pro Bitcoin. I do see that, I'm not blind to
• 1:14:08
  that. But as a whole, the Republican
• 1:14:10
  Party as it stands right now, they're running on a very pro
• 1:14:15
  Bitcoin platform, right? So as we head into the midterms,
• 1:14:20
  we're going to be talking more about this guys, 'cause I think
• 1:14:23
  this news with Jamie Dimon that's coming out.
• 1:14:28
  It, it, it reignited a fire. It, it, it, it, it, it reminded
• 1:14:34
  of it reminded us of why we're here, I think.
• 1:14:37
  This whole, This whole. Year reminded us of why we're
• 1:14:40
  here. This feels like the good old
• 1:14:42
  days, man. The good old days.
• 1:14:44
  All we were talking about was the separation of money and
• 1:14:46
  state. That was like the the subject we
• 1:14:49
  were talking about. This is literally why we got
• 1:14:50
  popular was that subject right? So Opti, you are the culture
• 1:14:57
  man. Can you see where I'm going with
• 1:15:02
  this? What are your thoughts bro?
• 1:15:04
  Yeah. Well, I'll start with what you
• 1:15:06
  initially said. What we, what we have seen this
• 1:15:09
  year is and and the words that I might use to frame it might not
• 1:15:14
  be correct per SE. They might be a little too broad
• 1:15:18
  or maybe hyperbolic. But it does feel like this year
• 1:15:21
  there was some form of like an enlightenment and and that might
• 1:15:25
  be like too strong of a word, but it did seem like a lot of
• 1:15:28
  people are waking up to many of the things that Bitcoin have
• 1:15:31
  been saying. Many of the things that, you
• 1:15:33
  know, people that have been cancelled on the Internet have
• 1:15:35
  been saying it. It is starting to come up.
• 1:15:37
  And even though I, I do agree with Nico a lot and you guys see
• 1:15:41
  us bicker on the show in terms of politics.
• 1:15:44
  You know me, I I've been saying it on the show forever, like I
• 1:15:47
  think politics in general, left, right, two wings of the same
• 1:15:50
  bird. Like if if we get one good
• 1:15:54
  example and I and not to really like illuminate this as like the
• 1:15:58
  shining example, but if you guys didn't read the Marjorie Taylor
• 1:16:02
  Green resignation letter, like I think there is kind of some
• 1:16:07
  maybe unlike hidden motivations for this letter, etcetera.
• 1:16:12
  But if you read that, it sounds exactly like a lot of the stuff
• 1:16:16
  that you probably have believed for a long time or people have
• 1:16:19
  called it conspiracy theories. But now it's coming out from
• 1:16:22
  someone that was in these official powers.
• 1:16:25
  And, and so like, it holds a little more weight than just
• 1:16:27
  Nico and I ranting on YouTube. No, the next thing that Nico
• 1:16:32
  said that I find very interesting is he was calling it
• 1:16:36
  the elites. I think what a lot of people
• 1:16:38
  have woken up to this year in particular is that there is an
• 1:16:42
  oligarchy in in the United States and in most worlds right
• 1:16:45
  now. Max Keiser's been on this for a
• 1:16:47
  long time. He's like, we're not, we're not
• 1:16:49
  in capitalism. You could call it crony
• 1:16:51
  capitalist system, you could call it a corporate talkeracy.
• 1:16:55
  But he's like, I think the best way to frame this is an
• 1:16:57
  oligarchy that we're, we're being ruled by an oligarchy, you
• 1:17:01
  know, or a group of oligarchs. And everything that they're
• 1:17:04
  doing is to benefit themselves. And we've definitely gotten away
• 1:17:08
  from, you know, a government by the people, for the people.
• 1:17:11
  And this isn't just in the US. The reason we talk about this so
• 1:17:15
  much for us is 1. Obviously, we are Americans.
• 1:17:19
  We're in the US. But further, what happens in
• 1:17:22
  America usually ripples everywhere else.
• 1:17:24
  And then on top of that, the US is the financial superpower of
• 1:17:28
  the world. You know, for better or worse,
• 1:17:29
  the US is the world reserve currency.
• 1:17:32
  So everything is downstream from what we do here in the US And we
• 1:17:35
  do get a little pushback from you guys.
• 1:17:37
  It's like, you know, why do you guys talk about the US so much?
• 1:17:40
  You know, I'm from wherever, you know, you guys check in from all
• 1:17:44
  over the world, which blows our minds all the time.
• 1:17:46
  But what we are seeing is there is, hey, like reordering
• 1:17:51
  happening right now, a monetary reordering, a new political kind
• 1:17:56
  of perspective point of view. And again, what Nico said was I
• 1:18:01
  think hit the nail on the head. Whether you like Trump or not,
• 1:18:05
  he had fundamentally shifted how politics works.
• 1:18:09
  He's been in the game for 10 years, and it's now an end of an
• 1:18:12
  era. And so, like, moving on from
• 1:18:14
  here is going to be, I think, a very defining fork in the road.
• 1:18:18
  What's going to happen after after Trump can't be in the
• 1:18:22
  House anymore, in the White House anymore?
• 1:18:23
  Like, who's going to pick up that mantle?
• 1:18:26
  Can they maintain the same kind of energy that he has?
• 1:18:30
  Will will they, you know, will Trump essentially be a stepping
• 1:18:33
  stone to something that will actually change how things are
• 1:18:37
  handled? These are all the questions that
• 1:18:39
  I think, you know, are going to be answered.
• 1:18:41
  They have to be acknowledged because that's where we are
• 1:18:43
  right now. Things are fundamentally
• 1:18:46
  shifting because people are waking up to this.
• 1:18:48
  And it's no longer just, you know, 10 spoil hat conversations
• 1:18:52
  on the dark parts of the Internet of what's going on.
• 1:18:54
  It's like your your your aunts, your uncles, your mom's, your
• 1:18:58
  grandmas are all having these conversations.
• 1:19:00
  And for a long time, you know, Thanksgiving's right around the
• 1:19:03
  corner for us. For a long time, I'd be at my
• 1:19:06
  dinner table ranting about stuff and everyone in my family would
• 1:19:11
  be like, yo, you are like you are, you have lost the plot.
• 1:19:16
  Like, you are off your rocker. You are absolutely insane.
• 1:19:20
  And now they're like, OK, maybe maybe he was kind of.
• 1:19:23
  Right, I literally, dude, this Thanksgiving, right, you have
• 1:19:27
  all the just show your family this episode.
• 1:19:30
  We have all the receipts, dude, All right, then we have all the
• 1:19:34
  receipts, right? They were literally, they were
• 1:19:37
  literally blaming us this entire time for what they were, for
• 1:19:42
  what they were doing the entire time, right, Which was we knew
• 1:19:47
  this. So we didn't have confirmation
• 1:19:50
  and now we have confirmation, which is hilarious in so many
• 1:19:54
  ways, but at the same time not hilarious because it's like, oh,
• 1:19:57
  man. Like if this is the case, like
• 1:20:01
  we have such an uphill battle left that it's not just just
• 1:20:07
  Trump. It's not just, you know, one
• 1:20:10
  person and OK, then we win and it's over.
• 1:20:13
  It's done. It's it's it's.
• 1:20:16
  This is going to be, this is going to take time, dude.
• 1:20:19
  It's going to take time. It's going to take energy.
• 1:20:23
  We have to mobilize. We have to get involved.
• 1:20:27
  This is a movement, right? And it wasn't as simple as just
• 1:20:31
  getting someone in office. Like this is a movement, right?
• 1:20:35
  This is what people have to remember.
• 1:20:38
  We are in a movement and we want to make the world a better
• 1:20:42
  place. We want more people to use sound
• 1:20:45
  money, and I think that this year we forgot that lesson.
• 1:20:50
  But right before the end of the year, we were.
• 1:20:53
  We were, we were reminded. Hey yo, speak for yourself,
• 1:20:57
  ma'am. We were reminded as to why we're
• 1:21:01
  here and why, why we do what we do right.
• 1:21:05
  So anyways, wait, wait the last. Thing I do want to say 'cause I,
• 1:21:09
  I think you hit on something and I've been seeing this trend kind
• 1:21:13
  of pop up as well, like this idea and and I know bitcoiners
• 1:21:17
  push back on this all the time and I see you guys in the chat
• 1:21:20
  say it all the time. Like you guys give Nico so much
• 1:21:23
  shit. But Nico said, you know, I'm a
• 1:21:24
  one issue voter. If, if a Democrat embraces
• 1:21:27
  Bitcoin, then I'm totally willing to kind of, you know,
• 1:21:31
  align in in the meantime, if, if like it's in the right
• 1:21:35
  direction. And I think one of the things
• 1:21:37
  that we've seen this year, if you, if you finally acknowledge
• 1:21:42
  that, you know, the the two controlling powers so that you
• 1:21:45
  know that at least in the US, the the two groups that are
• 1:21:47
  running things, they really have forgotten about us, the people.
• 1:21:51
  And there there is going to have to be a point where there's like
• 1:21:55
  reaching across the aisle. And this is what we've been
• 1:21:57
  saying for a long time. Like Bitcoin is for anyone.
• 1:22:00
  Anyone can use Bitcoin. It's not about your political
• 1:22:03
  ideology. As long as you want to use a
• 1:22:05
  money that doesn't steal from you.
• 1:22:07
  I think there is room for everyone to kind of like, you
• 1:22:10
  know, maybe there's going to be some compromises.
• 1:22:12
  Maybe there's like. All.
• 1:22:13
  Right. Look.
• 1:22:13
  I don't agree with everything, but if you agree with me on the
• 1:22:16
  fact that, look, we're all getting poorer, we're all having
• 1:22:20
  a hard time surviving. If you can fundamentally see
• 1:22:24
  that we need a better money, that you need savings, that
• 1:22:27
  there's something fundamentally broken, not in just the
• 1:22:30
  financial economic terms, but in the political system as well.
• 1:22:34
  And you're willing to kind of, you know, reach across the aisle
• 1:22:37
  and be like, yo, what's good? Let that least have a
• 1:22:39
  conversation versus everyone being in there, you know, in
• 1:22:43
  their camps with their heels dug in.
• 1:22:45
  Like, you know, Nikko, I'm going to have to give you some credit
• 1:22:48
  for that because I, I've fought you.
• 1:22:50
  We've, we've done it on air, we've done it off air.
• 1:22:53
  And I, I think that that is, you know, someone earlier asked is
• 1:22:57
  like, OK, besides just like buying Bitcoin and putting into
• 1:22:59
  self custody, like what, what can we actually do?
• 1:23:02
  And I think one of the things that Bitcoiners don't really
• 1:23:05
  like to to say or what they don't want to do is like, it
• 1:23:09
  does seem that a lot of us need to get involved more, whether
• 1:23:14
  it's locally politically, like we need more Bitcoiners in all
• 1:23:18
  of these positions of power. This is how we actually change
• 1:23:21
  things moving forward. A lot of us are young, you know,
• 1:23:24
  like we're in our 30s. Obviously, I don't.
• 1:23:27
  Well, personally, I don't think I'm of a political entity.
• 1:23:31
  I don't think I'm the man for the job, but one of you guys
• 1:23:33
  might be. And I'm not saying everyone out
• 1:23:36
  there needs to be that person. One of you might be, some of you
• 1:23:40
  might be those people. Some of you might have the, you
• 1:23:43
  know, the skills, the social skills, the the personal wealth
• 1:23:46
  to do this. And I know a lot of bit corners
• 1:23:49
  don't like to talk about that because they've just lost faith
• 1:23:52
  in the political system. Like, I like me, you know, me
• 1:23:55
  and Nico thought about this at the beginning of the year.
• 1:23:57
  I'm like, bro, I got into Bitcoin because I was
• 1:24:00
  apolitical. Or like Caisson said, you know,
• 1:24:02
  I was politically homeless forever.
• 1:24:04
  And then we start getting embraced and maybe you kind of
• 1:24:07
  lose perspective for a little bit.
• 1:24:09
  But I do think it's upon every single one of us to figure out
• 1:24:13
  ways to get involved. Obviously, I think our job here
• 1:24:16
  is, is being as authentic as we can, you know, as I say,
• 1:24:20
  propagandist for this movement here, talking heads, taking the
• 1:24:23
  shots here and, you know, being kind of the face for it for you
• 1:24:26
  guys. And, and you and you know me, I
• 1:24:28
  hang out in the chat and I listen to you guys.
• 1:24:30
  You know, we're having a, a conversation every single day.
• 1:24:33
  So like we are essentially having a back and forth
• 1:24:37
  conversation, even though Nico and I are just like ranting into
• 1:24:40
  the ether, But like this is a, a, a growing consciousness that
• 1:24:45
  we are all kind of morphing in real time.
• 1:24:49
  And I, I think it's beneficial for all of us.
• 1:24:52
  If we, I, I don't want to say open minded because that has a
• 1:24:55
  bad rap, but I'm going to just end it with like, OK, Nico, I I
• 1:24:59
  think I hear you and you know you.
• 1:25:01
  Nico's gotten a lot. Of shit this year.
• 1:25:04
  But it it's becoming very clear, like at least for us, you know,
• 1:25:08
  if you love, if you love your country and you want to see it
• 1:25:10
  do better, then it might not be the best idea to just completely
• 1:25:14
  close someone at the very least have a conversation with
• 1:25:16
  someone. And Niko's been saying that all
• 1:25:18
  year. So I'm off to give Niko some
• 1:25:20
  props. And usually I'm I'm I'm trolling
• 1:25:22
  Niko and I'm giving him shit but.
• 1:25:26
  Let's go. Let's.
• 1:25:27
  Go. All right, all right, all right.
• 1:25:29
  Enough glazing. Enough glazing, enough glazing.
• 1:25:31
  I think we should wrap up today's show.
• 1:25:33
  All right, everybody, if you guys enjoyed the show, you know
• 1:25:35
  what to do Smash that like button appreciate.
• 1:25:36
  The compliment from from Optimus Fields.
• 1:25:39
  Yeah, I don't do it often, so it's so it lands when I do it.
• 1:25:44
  But yeah, guys, this is this is an uphill battle.
• 1:25:47
  We won, we won the battle. But you know, there's still so
• 1:25:51
  much more to go. And I think that these
• 1:25:54
  relevations and what got exposed, I think was, you know,
• 1:26:01
  a big, a, a, a big realization by the community of, of what's
• 1:26:06
  at stake. And in terms of, you know,
• 1:26:09
  there's a 2 tier system that that's just the reality of it.
• 1:26:14
  And there's this, there's this synergistic alliance between
• 1:26:19
  politicians and bankers and, you know, Bitcoin disintermediates
• 1:26:24
  that and don't let them call you a criminal or a villain because
• 1:26:30
  you want to take your, you want to take personal responsibility
• 1:26:34
  over your money and you want to choose which money you want to
• 1:26:38
  use. Like, you know, this isn't North
• 1:26:42
  Korea, right? Or at least I don't think it is.
• 1:26:48
  Anyways, I love you all. We appreciate you all.
• 1:26:53
  Thank you guys so much for making the Monday show slap
• 1:26:57
  like, smash the like button. Consider subscribing, share the
• 1:27:00
  show with your friends, and we're going to be dropping much
• 1:27:05
  more content throughout the week.
• 1:27:07
  See you guys on the next one. Take care, everybody.
• 1:27:10
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• 1:27:13
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• 1:27:16
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