Latest / Simply Bitcoin / Microstrategy Competitor Sends HUGE Bitcoin WARNING on National News! | EP 1294

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Microstrategy Competitor Sends HUGE Bitcoin WARNING on National News! | EP 1294 · Simply Bitcoin

• 0:00
  The Bitcoin supply suffocation might have just gone nuclear
• 0:05
  because a micro strategy competitor just went on the
• 0:09
  national news and announced their intentions to drop a
• 0:13
  50,000 Bitcoin bombshell. So today we're going to be
• 0:18
  calculating why I think this supply shock is accelerating.
• 0:22
  We're going to be looking at where this trend of Bitcoin
• 0:25
  leaving the exchanges will be by the end of 2026.
• 0:28
  And the answer to that might surprise you, but before we get
• 0:31
  there, we have a very important clip to play for you.
• 0:36
  Yeah, I would agree with that. I mean, I think that there are
• 0:37
  going to be just a couple winners here.
• 0:39
  I think that BSTR will be one of the winners.
• 0:42
  We're showing up with a bulldozer and a permit to clear
• 0:44
  cut Bitcoin. We're going to, you know, open
• 0:47
  up in the fourth spot and we think that we will very quickly
• 0:50
  slingshot into #2 that's our mission.
• 0:52
  We're really trying to create a fortress like environment for
• 0:56
  our Bitcoin and really trying to position ourselves of the
• 0:58
  Berkshire Hathaway of the Bitcoin ecosystem.
• 1:01
  How what do you mean by that? Like, like do you mean by going
• 1:04
  and then buying other companies that are in the space and, and
• 1:07
  running them yourself the way that one person in Berkshire
• 1:10
  Hathaway is done? Yeah, I think there's a great
• 1:13
  arbitrage here. We can issue debt at 1%.
• 1:17
  We can buy Bitcoin. And then, you know, as Bitcoin
• 1:19
  appreciates, we naturally delever our balance sheet.
• 1:22
  So I think that's a really unique capability that Bitcoin
• 1:24
  treasuries have access to that other companies don't.
• 1:27
  I think that you'll see over time that, you know, you can
• 1:32
  build a treasury that will become the preferred
• 1:34
  counterparty to a lot of the financial companies out there.
• 1:37
  So if you think about who do you want to face as a finance
• 1:40
  company or as a bank if you need a Bitcoin revolver, we want to
• 1:43
  make sure that the BSTR is the counterpart counterparty of
• 1:47
  choice. All righty then guys, we are
• 1:50
  back. And first of all, before we go
• 1:53
  on, we have Aladdin, founder and CEO of formerly known as Bitcoin
• 1:59
  trading cards. Now base trading cards back on
• 2:02
  the show. Welcome.
• 2:02
  And Luke, let's talk about this clip, man.
• 2:05
  Actually pull, pull up that chart again.
• 2:08
  Let let's look at that chart now.
• 2:10
  I know you and I have been kind of going back and forth on
• 2:13
  whether this is the signal or not, but it does look like there
• 2:18
  is a supply shock going on. So for the people that don't
• 2:21
  know what this chart explain this to them Luke.
• 2:25
  Yes, firstly, before we get into this chart, how strong was that
• 2:28
  clip? That gentleman was using all of
• 2:30
  the words that I love to use. He was saying we're going to
• 2:33
  create a bulldozer. I thought that was pretty crazy.
• 2:36
  That was pretty cool. But the chart we're looking at
• 2:38
  this is looking at the number of Bitcoin on exchanges over the
• 2:41
  past three years. So again, I've zoomed out.
• 2:43
  They are. It's a bad idea to be whale.
• 2:45
  What chin on the, you know, dailings, there are some very
• 2:50
  reputable people who challenge me on this idea of the supply
• 2:53
  shock and they say don't look at the whales, don't look at the
• 2:55
  exchanges. You're looking at the wrong
• 2:57
  data. And again, This is why I like to
• 2:58
  zoom out and look at a three-year trend because the
• 3:01
  three-year trend, it's undeniable.
• 3:03
  When you actually have a look at just how many Bitcoin have left
• 3:06
  the exchanges over the past three years, we can see only in
• 3:11
  the past six months the number of Bitcoin and exchanges went
• 3:14
  from 3 million to 2.4 million. That means nearly 100,000
• 3:20
  Bitcoin is leaving the exchanges every single month this past six
• 3:24
  months. This is looking at November 2024
• 3:27
  to where we are today, July 2025.
• 3:30
  But if you zoom out, we can see all the way back here in October
• 3:33
  2020, we can see 3.3 million Bitcoin exchanges.
• 3:37
  So we've seen just about a million Bitcoin leave the
• 3:40
  exchanges since then. And what I think really is, you
• 3:43
  know, kind of the story here that we continue to update you
• 3:46
  guys on is the fact that nearly every week we're seeing another
• 3:51
  5 Bitcoin treasury companies announced.
• 3:54
  We can see over the past 30 days, we've got 23 new Bitcoin
• 3:59
  treasury companies. This is nearly one a day.
• 4:02
  And what I thought was really interesting about that clip was
• 4:05
  the gentleman's come out and said that BSTR Bitcoin Standard
• 4:10
  Treasury Company is going to be trying to launch a bazooka and
• 4:15
  accumulate 50,000 Bitcoin. And what I thought was really
• 4:19
  kind of interesting about that specific clip was that he
• 4:23
  specifically said that he wanted to become the number 2 spots on
• 4:28
  the Bitcoin treasury company list.
• 4:30
  Now what is interesting about that number two spot is who's
• 4:33
  there? It's Marathon.
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  What did Marathon just do recently?
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  I saw today there was an announcement floating around
• 4:40
  that Marathon is also buying more Bitcoin.
• 4:44
  So I think this heat, you know, this race, so to say, is really
• 4:47
  heating up. Opti, I'd love your thoughts on
• 4:50
  just what is happening here with this Adam Back LED Bitcoin
• 4:54
  treasury company. Yeah, Well, first of all, just
• 4:58
  kind of looking at that clip, the first thing that stuck out
• 5:00
  to me is, of course, man, I would love to have, you know, 1%
• 5:04
  interest on and basically get free debt to buy Bitcoin.
• 5:07
  It's like that's unheard of. We know Sailor did that for
• 5:11
  actually Sailor is doing that and we saw how capable he was of
• 5:16
  acquiring all of this Bitcoin. Now, you know, I am not a paper
• 5:21
  Bitcoin summer kind of guy here. I am just a spot Bitcoin person,
• 5:26
  but but it is seeming that the trend is going in One Direction
• 5:30
  that there is a lot of interest coming into Bitcoin.
• 5:33
  There seems to be a lot of capital flowing into Bitcoin.
• 5:35
  And the big question here is if they're actually buying all this
• 5:39
  Bitcoin and they are securing all of this Bitcoin, why isn't
• 5:43
  the price going up? Now, I'm not trying to be a, you
• 5:45
  know, a full chart board here, but with all of the interest and
• 5:49
  literally the 10s of thousands of coins that are supposedly
• 5:52
  being bought up almost every single day, it seems it's like,
• 5:56
  why are we going stagnant? And I think that's all the
• 5:58
  question and that's what everyone's wondering, which
• 6:01
  really is the glaring question. Are they actually buying Bitcoin
• 6:04
  or as the meme goes, is it all paper Bitcoin?
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  That's what that's what everyone's kind of wondering, or
• 6:09
  that's the meme that everyone's leaning into.
• 6:11
  Now, it was interesting that they said Berkshire Hathaway of
• 6:14
  Bitcoin and the part that I actually me and Luke were going
• 6:17
  back and forth this morning, the very end of that clip.
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  And of course, Adam Back's a legend, literally named in the
• 6:23
  white paper, the only person named in the white paper.
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  Now he has a Bitcoin treasury company.
• 6:28
  So it is interesting that they said what we've been saying on
• 6:32
  the show. The first one was there's
• 6:34
  probably only going to be a few players in the space.
• 6:37
  Obviously strategy or formerly micro strategy by Sailor will be
• 6:41
  one of them. And then who is going to be that
• 6:44
  number two number three spot? A lot of people are thinking
• 6:47
  it's Jack Muller's 21 capital. We saw Bitcoin strategy.
• 6:51
  Wait, what is it? Bitcoin standard track treasury
• 6:53
  company led by Adam back comes out of the gate strong with
• 6:56
  30,000 plus coins talking about buying another 20,000 plus
• 7:01
  jumping into that number two spot.
• 7:03
  It is going to be interesting to see which companies lead that
• 7:06
  race and how much Bitcoin they can acquire.
• 7:08
  But the point that really stuck out to me, which had me
• 7:11
  wondering this morning whether this was actually a bullish
• 7:14
  video or not was when he ended that clip and he's like, we want
• 7:17
  to be the number one counterparty for Bitcoin and as
• 7:20
  a bitcoiner, you're like, yo, wait, hold on.
• 7:23
  I thought this is what we're trying to get away from, but
• 7:26
  this is a, this is a new era and this is what is the hype in the
• 7:29
  trend right now. So I don't know, Luke, before we
• 7:33
  go to Aladdin here, how come you thought this was so bullish?
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  I think is the real question. Maybe I saw that girl in the
• 7:42
  Maybe. I got you.
• 7:44
  Maybe I was falling prey to the girl in the red dress because as
• 7:48
  soon as he said the word bazooka, maybe I got a little
• 7:50
  bit distracted, but I didn't actually catch up on what you
• 7:53
  said there. He wants to be the number one
• 7:56
  counterparty. That was the.
• 7:58
  Last of the clip. That really makes the hair on
• 8:01
  the back of my neck stand up a little bit.
• 8:03
  That is very interesting that he specifically said Counterparty.
• 8:07
  Does that mean he wants to be holding a lot of Bitcoin?
• 8:10
  Is this like potentially A honeypot risk?
• 8:16
  I don't want to say it, but yes, it totally is.
• 8:19
  Anyways, a lot in what's your thoughts watching this clip
• 8:23
  actually? Actually, the real question is,
• 8:24
  are you a Bitcoin, a paper Bitcoin summer kind of guy?
• 8:29
  I'm not. Yeah.
• 8:32
  I'm just stacking slats that I could hold in my hardware wallet
• 8:35
  is the only way to go for me personally.
• 8:38
  I mean, everyone is each stone. So I mean, you can't stop this
• 8:43
  train. What?
• 8:43
  What's going on right now? It's bigger than I could
• 8:46
  imagine. I've said this many times.
• 8:48
  Been in Bitcoin for many years now, almost a decade.
• 8:51
  And as fast as things are moving right now, if you would have
• 8:54
  asked me even last year, do you think we're going to go into
• 8:58
  what we're in right now, I would have said absolutely not.
• 9:01
  It's insane. And I think that a lot of this,
• 9:05
  I mean, I'm, I'm pretty based. So I look at it kind of more of
• 9:08
  a red pilled in the way of I think this has been planned for
• 9:13
  a long time. I think they all have kind of
• 9:16
  strategized how this is going to go out.
• 9:18
  And I think there's been a lot of deep stacking happening along
• 9:23
  the way the whole entire time. So where we're at right now, I
• 9:26
  think they're just like, right, it's time to turn the faucets on
• 9:29
  and let this thing run and pump it.
• 9:31
  We're we're stacked. My kids are stacked, my family's
• 9:35
  stacked. We've all been.
• 9:37
  I wouldn't, but insiders, I think it's been happening for a
• 9:41
  long time. And Pump, I'm just ready for the
• 9:51
  ride, Yeah. I love it.
• 9:52
  Totally, totally agree with that.
• 9:54
  Yeah. I think the Matrix caught you a
• 9:55
  little bit, Aladdin. I I think you're getting stuck
• 9:58
  in the Matrix a little bit worse than Luke here.
• 10:00
  It seems like I'm the only one with stable Internet today.
• 10:05
  I think you're back. You're back.
• 10:06
  The picture is a little grainy, but it seems like you're back in
• 10:09
  here, so maybe you got to move in off the off the patio and go
• 10:13
  inside if possible. But yeah, I think you're right.
• 10:16
  I mean, I know. Wait.
• 10:19
  What was that? I'll do that on your break.
• 10:23
  All right, but I'll let him. I think you made a a great
• 10:26
  point. Now I know every time you come
• 10:27
  on the show, you're always like, guys, can we not talk about the
• 10:30
  price here? But at this point, I think we're
• 10:32
  all kind of wondering what is going on Like we've packed our
• 10:35
  bags, we're stacked, we're ready to go and we're literally the
• 10:39
  meme of just like poking poking the Bitcoin logo and like what
• 10:42
  is going on? Is this going to start ripping?
• 10:44
  Are we going to double top? I we're just bored.
• 10:47
  We're like I am bored with this price action.
• 10:49
  We're getting bored to death. Nico and I keep joking that
• 10:52
  we're just trading to S&P 500 now, like this is boring.
• 10:54
  When did we become the suits in the room?
• 10:56
  Like I? I thought we were here for the
• 10:58
  dopamine rush of a parabolic run.
• 11:00
  But Luke, you pulled up the chart.
• 11:02
  What? What are you?
• 11:03
  What are you saying? What is your tea leaf saying?
• 11:05
  What is your paid group saying now?
• 11:11
  Oh my Lord, the day that I launch paid group is the day
• 11:15
  that I want single person following YouTube to unsubscribe
• 11:18
  because I won't be launching a paid group anytime soon.
• 11:21
  My tea leaves. They don't say much because I
• 11:24
  don't know where the price of Bitcoin is going in the short or
• 11:27
  the medium term. All I know is that when we zoom
• 11:29
  out, I think this trend is going up and to the right forever and.
• 11:41
  The only model I don't think, I don't
• 12:02
  think any of these power law. Luke, I think, I think you're, I
• 12:15
  think you're lost in the Matrix. I don't know, chat, tell me
• 12:18
  who's lost in the matrix? Is it me or is it Luke 'cause
• 12:22
  everyone say, OK, it's laggy, it's laggy.
• 12:24
  All right, Luke, pop off your other, pop off to your to your
• 12:28
  Wi-Fi. I I might have to rug all of you
• 12:31
  guys now. Aladdin, are you back?
• 12:34
  Are you back? I'm I'm back.
• 12:37
  I'm inside now. OK, you're back.
• 12:39
  All right? It says YouTube's getting hit
• 12:41
  hard today. OK, OK, All right, Chad.
• 12:46
  Chad is telling me you guys are cooked right now, but it looks
• 12:49
  like Aladdin's back. OK, Luke, let me see if I can
• 12:52
  find this Bitcoin to FOMO. We'd have been kind of playing
• 12:58
  this chart on the show for a while, or actually yesterday,
• 13:02
  the BTC to FOMO chart. It really.
• 13:09
  Are you back, Luke? I think you're back now.
• 13:16
  Yeah, I'm going. To OK, OK, OK, all right cool
• 13:21
  guys. So the what I like the most
• 13:23
  about this is of course it's the S curve adoption just visualize
• 13:27
  with the with the stock to flow with the stock to flow chart
• 13:30
  here. So it's got some pretty visuals
• 13:32
  to it, but who knows what's actually going on.
• 13:35
  All I know is essentially what Aladdin's been saying, keep
• 13:39
  stacking, we're stacked up. Whatever the price does, we're
• 13:41
  going to keep buying. We're going to keep DCA ING.
• 13:44
  This is the way. This is how you win.
• 13:46
  I actually saw an interesting article this morning, I believe
• 13:49
  it was on Yahoo and it was something on the lines of like I
• 13:53
  asked Chad GBT how to win in Bitcoin and it had like 5
• 13:56
  different strategies. You know, one like become a
• 13:58
  trader, buy Bitcoin treasury stocks, buy, you know, all these
• 14:04
  other stocks. And the number one was just, oh,
• 14:07
  and then it said buy Bitcoin in like 2015 at $200 and then hold
• 14:12
  it forever. And it's like, yeah, yeah,
• 14:14
  obviously that's good in hindsight to look back on and be
• 14:16
  like, yeah, that's the best strategy.
• 14:18
  The best strategy is literally buy Bitcoin and do nothing and
• 14:22
  keep acquiring Bitcoin. This is how you win.
• 14:25
  OK, let's see clip them. All right, chat, chat is chat is
• 14:30
  getting pissed off here on you guys.
• 14:32
  So Luke, are you back? Hopefully you're on the right
• 14:34
  Internet. I'm not.
• 14:36
  I want you to keep going. OK, Lucas cooked.
• 14:40
  Lucas cooked on today's show. Now I think the real question is
• 14:44
  for everyone here besides the price as we've been covering and
• 14:49
  a lot of people have been talking about the paper Bitcoin
• 14:51
  meme, paper Bitcoin summer. Are these Bitcoin treasuries
• 14:55
  actually acquiring this Bitcoin or not?
• 14:57
  Apparently on chain, the metric shouts at the check matey and
• 15:01
  Cena he they've been doing the really great work of checking
• 15:04
  the on chain metrics of are they getting that Bitcoin or not?
• 15:07
  It seems like they are acquiring that Bitcoin, though we do have
• 15:10
  the new data of a lot of big whales starting to sell some
• 15:13
  Bitcoin and everyone's wondering what is going on here.
• 15:16
  I think it's simple supply dynamics here.
• 15:19
  It's going to RIP. Everything's fine, guys.
• 15:21
  We literally just had the highest daily close in Bitcoin
• 15:25
  ever. And yes, it corrected a little
• 15:28
  bit today and everyone's wondering like it's over, man.
• 15:30
  It's completely over. Look, leaving my boy.
• 15:34
  I thought we're going to 300 K soon.
• 15:36
  Soon, bro. Anyways, Aladdin, before we move
• 15:39
  on, what's your thoughts on paper Bitcoin summer at this
• 15:42
  point? Do you even care about the
• 15:43
  price? Are you fully locked in in
• 15:45
  Bitcoin Zen? Fully locked in.
• 15:48
  No, I mean, with as long as I've been here and as much hoping I
• 15:54
  might have for just Bitcoin in general, I'm not, I'm not going
• 15:57
  anywhere. And I'm just excited to start
• 15:59
  seeing more people outside of our, our Bitcoin bubble start to
• 16:03
  adopt. So that's that's my biggest
• 16:05
  hope. And by the the Bitcoin paper
• 16:07
  summer, I mean, if that starts bringing in the general public,
• 16:11
  then I'm all for it. Like that's that's the main
• 16:14
  thing for me could care less to a certain degree about a
• 16:18
  government adoption, especially. We need general public adoption.
• 16:22
  We need mom and pop starting stacks at.
• 16:24
  So if this is what does it, then let's go Yeah 1. 100% I mean,
• 16:28
  there has been you know, the other kind of trend or thing
• 16:32
  that we've been watching lately is is retail even coming into
• 16:35
  Bitcoin? And now we're starting to see,
• 16:38
  you know, they'll buy Bitcoin, Bitcoin to USD.
• 16:41
  Google trends are going up and of course, the incredible
• 16:44
  interest into ETFs. It's basically like it's
• 16:48
  continuing to go up. So retail maybe is not with us
• 16:52
  on Twitter shit posting, but it does seem like they are entering
• 16:56
  in and as you said, it doesn't really matter how they come in.
• 16:59
  Eventually they will get to the point where you know, they're
• 17:02
  they're trading base trading cards, they're watching simply
• 17:05
  Bitcoin. They're taking their Bitcoin
• 17:06
  into custody. Eventually they'll get to this
• 17:09
  point, and now we do have some interesting news coming next
• 17:14
  year on the adoption of Bitcoin, which we're going to cover
• 17:16
  later. But as we all know, for better
• 17:19
  or worse, when the price goes up, that's what really drives
• 17:21
  more people coming in. And we're starting to see the
• 17:23
  trends at least go up a little bit in regards to people
• 17:27
  watching the show on YouTube, people checking out our Twitter
• 17:31
  social medias. You're starting to see as the
• 17:33
  price goes up, more people are interested.
• 17:35
  This is just the, you know, not the sailor flywheel, but this is
• 17:38
  the positive feedback loop that we have here as bitcoiners.
• 17:42
  And yes, Ron, this is the simply Opti show, solo show, please.
• 17:47
  Aladdin's back. Aladdin's back here.
• 17:49
  OK, so we just dumped Luke. We'll just keep it running.
• 17:53
  We'll we'll keep the show running, guys.
• 17:55
  Anyways, I do want to remind you guys to of course smash the like
• 17:58
  button comment on the show. So do these Bitcoin treasury
• 18:03
  companies actually own all of that Bitcoin?
• 18:06
  What is going on? Is all this pressure actually
• 18:09
  going to on chain Bitcoin? And of course hit the subscribe
• 18:12
  button, guys, hit with the notifications so that you guys
• 18:15
  get all of the great content we are putting on for you guys.
• 18:19
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  Head over to stampse-ed.com today.
• 21:04
  OK boys and girls, we are, well mainly boys and some girls.
• 21:08
  We are back on Clark Moody's dashboard.
• 21:10
  Of course the current Bitcoin price is 117,820 and it's a
• 21:15
  decline from all time high of -4.3% and everyone's freaking
• 21:19
  out. It's over guys, pack it up.
• 21:21
  We are not going to break 120. Apparently now I'm trolling.
• 21:25
  I think it's going to go way higher and the market cap and
• 21:27
  Fiat terms is $2.34 trillion and of course, we are just 9.744% of
• 21:34
  the gold market cap. Still a long way to run.
• 21:39
  OK, let's see. All right.
• 21:41
  Looks like Luke's back, maybe. I don't know.
• 21:44
  I'm back. OK, he's back.
• 21:46
  He's back. All right, guys, look, I saw
• 21:49
  this clip of Jack Maulers and as much as everyone wants to play
• 21:55
  this, you know, be like, oh, we're going to a million.
• 21:58
  I think the I think we get caught up in the hype, but the
• 22:00
  real interesting, I think angle of this clip is just how quickly
• 22:05
  the price can move. Now, of course, we've been
• 22:07
  hearing for a long time the law of big numbers.
• 22:09
  You know, the Bitcoin market caps getting bigger.
• 22:11
  If we are going to fly as high as we used to in the past, it
• 22:15
  needs a lot more capital come in.
• 22:17
  But Jack Muller makes a great case of how simple this could
• 22:20
  actually be. So let's play this and we'll
• 22:23
  chat about it. I believe.
• 22:25
  You have said you could see Bitcoin to, I mean a million.
• 22:28
  I've seen some of your targets by 2026 that are clearly far
• 22:32
  above where we are are currently trading finally breaching that
• 22:34
  $120,000 level. So what are the risks to get
• 22:38
  there? What do you see is like the next
• 22:39
  leg of catalysts to reach? I mean, hopefully some just mass
• 22:44
  information for the broader person that it doesn't really
• 22:47
  know a lot about this space, but also to achieve say $1,000,000.
• 22:51
  Yeah. Well, as a future public company
• 22:54
  officer being careful here and not making explicit price
• 22:58
  predictions, what I will say is I think the very simple mental
• 23:01
  model to use in Bitcoin is that Bitcoin equals Fiat liquidity
• 23:07
  plus technology. It's a very simple idea that if
• 23:10
  you believe technology will continue to improve the world
• 23:13
  and that the story of humanity is engineering a better world,
• 23:17
  and you believe that there's going to be more Fiat existing
• 23:20
  in the future than there is today, governments and central
• 23:23
  banks will continue to print money and run deficits.
• 23:25
  Bitcoin is the best way to express that idea.
• 23:28
  It's the best way to monetize that future.
• 23:31
  And so for me, Bitcoin's price appreciation is largely centered
• 23:36
  around is the technology continuing to innovate and
• 23:39
  disrupt existing industries and our governments and central
• 23:43
  banks continuing to debase currency and print money.
• 23:45
  Bitcoins been the best expression of currency
• 23:48
  debasement. It's been the best barometer or
• 23:51
  index for Fiat liquidity globally.
• 23:54
  Over the next 12 to 18 months, I see a lot more Fiat liquidity.
• 23:57
  I mean, we've heard that the Genius Act unlocks 3 1/2
• 24:02
  trillion dollars worth of liquidity from banks and capital
• 24:06
  accounts at the Fed. You know, Fannie Mae and Freddie
• 24:09
  Mac wants to come back into the private markets.
• 24:11
  We know that there's over $7 trillion in money market funds.
• 24:14
  And people have to remember that prices are set at the margin.
• 24:18
  If someone wants to buy one Bitcoin and no Bitcoiner is
• 24:22
  willing to sell them a Bitcoin unless it's $500,000 per
• 24:25
  Bitcoin, well, guess what? The price of Bitcoin is now
• 24:27
  500,000. And what people have to remember
• 24:29
  is that with such a scarcity, with such an asset that carries
• 24:33
  such scarce dynamics, no amount of demand can create more
• 24:36
  supply. If everyone wanted an iPhone,
• 24:39
  Apple can just make more iPhones.
• 24:41
  That's why the price is not as volatile and as surprising to
• 24:45
  the upside because they can make more.
• 24:47
  If everyone wants a Bitcoin, we can't make any more.
• 24:50
  And so to get your Bitcoin, you have to go higher in the market.
• 24:54
  Hey, is there enough Bitcoin for me at 120,000?
• 24:57
  No. How about 1:30?
• 24:58
  How about 1:40? How about 150?
• 25:00
  And so prices are set at the margin.
• 25:02
  And so if we see $10 trillion of liquidity in the US financial
• 25:06
  system alone, not to mention economies like China, Japan that
• 25:10
  are equally in trouble or sometimes more, I think that the
• 25:13
  scarcest asset in the market will have a very violent
• 25:16
  reaction to the upside and the marginal price that we'll see
• 25:19
  could be very high. That's typically how this asset
• 25:22
  responds to global liquidity. Love it, love it.
• 25:26
  Well, my, my first, my first, my first response to this is when
• 25:31
  he starts off, she's like, so you've been saying it's going to
• 25:34
  $1,000,000. It's like, OK, well now I'm, you
• 25:36
  know, head of a publicly traded company here.
• 25:38
  So I got to kind of watch what I'm saying.
• 25:41
  And then follows it up with like, yeah, this is how it gets
• 25:43
  to $1,000,000, guys. That's just like classic,
• 25:46
  classic Bitcoin or take here, of course, still in the closet, but
• 25:49
  still he wasn't in the hoodie, but he's in the T-shirt
• 25:52
  chilling. But the just the mechanics here
• 25:55
  is I think what a lot of people miss is this idea of Bitcoin,
• 25:59
  you know, trading on the periphery like it gets it gets
• 26:03
  boosted by what goes on in the margins.
• 26:04
  As we said in the past, you know, the traders on the margins
• 26:07
  are the ones that really set the price here.
• 26:09
  Not everyone that's holding the Bitcoin.
• 26:11
  So as long as there's no incentive to sell it at a
• 26:13
  certain price, this is going up very quickly.
• 26:16
  Now the the part about inflation.
• 26:18
  I was literally see me and Jacob were having a, a call or a
• 26:21
  rather a talk with Sophie this morning and she was asking this
• 26:24
  exact question. Like, wait, if inflation goes up
• 26:27
  and the Bitcoin price goes up, like, are we actually even
• 26:30
  gaining any money? And we're kind of like, well,
• 26:32
  yes and no. You're kind of just not losing
• 26:35
  your wealth. And also, yes, it's going up
• 26:39
  because it's not just the US that is printing money that, you
• 26:42
  know, is really affecting the global liquidity here rather
• 26:45
  than the liquidity pool of Bitcoin.
• 26:47
  It's that global liquidity as long as any government is going
• 26:50
  to print more money, the price of this Bitcoin thing is going
• 26:53
  to go up because it is hard cap because there's only 21 million.
• 26:57
  And we all know, you know, Bitcoin has no top because Fiat
• 27:00
  has no bottom. They will continue to print
• 27:02
  dollars or pesos or whatever Fiat currency in the world until
• 27:07
  Infinity rather until everyone wakes up and completely opts out
• 27:11
  of that system and start to use Bitcoin.
• 27:13
  So as Mahler's was saying, it is a real time metric of global
• 27:17
  liquidity. I know everyone's probably seen
• 27:19
  the global M2 chart going around.
• 27:23
  It hasn't really been following it perfectly, but it still sets
• 27:26
  a kind of good mental model here.
• 27:28
  The idea of, hey, the more they print money, the more it has to
• 27:32
  find a safe home. And that safe home will
• 27:35
  inevitably be Bitcoin. So I just love how Mahler's is
• 27:40
  able to say it. And of course, it was kind of
• 27:41
  hilarious. He's like, yeah, I'm a head of a
• 27:44
  public, publicly traded Bitcoin treasury company.
• 27:47
  We're going to buy 10s of thousands of Bitcoin.
• 27:49
  I can't tell you it's going to a million, but this is how it will
• 27:52
  get there. I just, I found that hilarious.
• 27:54
  Anyways, Luke, if you're back, what was this chart?
• 27:56
  What? What were you showing us?
• 27:59
  Yeah, hey, if I'm not back, just feel to kick my you're you're
• 28:02
  back. You're back, but I will kick you
• 28:03
  all right. I'm back, but what I find really
• 28:08
  interesting is you kind of triggered a little bit of an
• 28:10
  idea in my mind here. When we start talking about
• 28:13
  $1,000,000 Bitcoin and whether Jack Mullins and others can say
• 28:17
  it or not, when you said inflation, it kind of got me
• 28:20
  thinking and you know that it is true that the price of
• 28:24
  everything is going up. Like we can see the average home
• 28:28
  pricing dollars went from $288,000 in 2016 to 328 in 2020
• 28:35
  to 434 in 2024. We can see pricing Bitcoin it's
• 28:40
  getting 90% cheaper every single four year cycle.
• 28:45
  So one house was 664 Bitcoin, 201645 Bitcoin in 2020 and today
• 28:52
  it's about 6:00. So again, yes, like prices are
• 28:56
  inflating and the everything is getting more and more expensive
• 29:00
  price in fiats. But I think like a lot of
• 29:02
  people, a lot of the bears, I'm going to call them the perma
• 29:06
  bears, they say, OK, Bitcoin's going to be worth a million, but
• 29:09
  a loaf of bread's going to be 1000 bucks.
• 29:11
  So you're not even getting rich in Bitcoin.
• 29:13
  I kind of disagree with that take because we can kind of see
• 29:15
  it really clearly. Things are getting much cheaper
• 29:18
  price in Bitcoin exponentially so.
• 29:20
  But trying to actually track whether, you know, the price of
• 29:24
  Fiat is just confusing people or whether Bitcoin is actually
• 29:28
  getting more valuable. It can be a little bit more
• 29:30
  difficult until you price things in Bitcoin directly.
• 29:33
  So yeah, I think $1,000,000 is coming.
• 29:35
  I think it's coming much quicker than most people think.
• 29:37
  Who knows how we are going to get there.
• 29:39
  All I do know is I think the people saying that they have the
• 29:43
  math and the science and the monopoly on models because of
• 29:46
  science and physics. I think I I just encourage
• 29:50
  people to question models because I don't think anyone can
• 29:53
  predict what Bitcoin is going to do and how it's going to be
• 29:56
  adopted. Especially now that we do have
• 29:59
  publicly traded companies with access to the debt markets that
• 30:03
  as you said earlier, Opti is giving them debt at a 1%
• 30:06
  interest rate. What happens when they start
• 30:08
  borrowing billions and billions and billions of dollars to get
• 30:12
  into an accumulation race and they're buying 10s of thousands,
• 30:16
  hundreds of thousands of Bitcoin?
• 30:17
  I I just think all the models will be broken.
• 30:19
  But that's just me. Yeah.
• 30:20
  Hey, Luke. Will you pull up that chart
• 30:22
  again? The housing meme here because JH
• 30:25
  in the chat says add 2025 to the meme.
• 30:28
  So doing some quick maths here, this price $434,700 for a home
• 30:36
  equaling 6.6 BTC is roughly around like $65,000 per coin
• 30:41
  last year. So doing the quick math of
• 30:44
  around 118 per Bitcoin, if this didn't exit on me, it's
• 30:50
  basically cut in half. Now, if my math's correct, you
• 30:53
  know, Opti has a 42 IQ here, but you guys can Fact Check me on
• 30:57
  the quick mass. It's roughly around 3.6 coins.
• 31:00
  So that's literally been cut in half again in one year.
• 31:03
  It's absolutely nuts. And I see Aladdin shaking his
• 31:06
  head like it's, it's incredible when you do the numbers here of
• 31:09
  just like how much the price appreciation of Bitcoin is
• 31:13
  really affecting everything else, or rather the whole
• 31:16
  world's getting repriced in Bitcoin and you're like in a
• 31:19
  year it basically got cut in half again.
• 31:22
  I know everyone in the chat last was that last week or two weeks
• 31:25
  ago freaking out about Nikos housing renting versus buying a
• 31:30
  house rent. I don't know.
• 31:31
  I I think he's kind of indicated here, if you bought this house
• 31:34
  last year for six Bitcoin, this year it would be 3 Bitcoin.
• 31:39
  Like, I don't know who's going to be buying these boomers bags
• 31:42
  in these houses because us Bitcoiners are like, I'm going
• 31:45
  to just keep renting. It just makes no sense to me if
• 31:47
  next year it's going to be 1.5 Bitcoin.
• 31:50
  I think we can delay our house buying for another couple of
• 31:53
  years and still be good. So that math is incredible.
• 31:56
  Yeah. JJ, it's crazy.
• 31:58
  Yeah. And my, my IQ is dropping as we
• 32:00
  speak with all this delayed. Anyways, Aladdin, what's your
• 32:03
  thoughts? And maybe not just on what
• 32:05
  Mahler said, but on the math of the house.
• 32:08
  I saw you shaking your head. Like what?
• 32:09
  That's crazy. Yeah.
• 32:12
  I mean, I think what we're going to see more than anything is
• 32:14
  just Bitcoin front running inflation.
• 32:17
  I would imagine if we still go through ups and downs in the
• 32:20
  market, there'll be catch up moments, but I think it's really
• 32:25
  just front running inflation as much as possible.
• 32:29
  And we're worried about inflation.
• 32:32
  But you got to imagine these big companies that are out there,
• 32:35
  they may not be worried about it, but they definitely want to
• 32:37
  make profits. They they definitely want to
• 32:39
  capitalize on everything out there possible.
• 32:42
  So again, I come back to what I was saying before, they just
• 32:45
  open the floodgates when it's time, whatever works for them,
• 32:49
  they're going to open the floodgates, they're going to let
• 32:51
  it all flood in and they're going to take amazing advantage
• 32:55
  of that. The incentive of Bitcoin to us
• 32:59
  is massive. We all know this.
• 33:01
  This is why we're we're hooked on a simply Bitcoin and, and
• 33:04
  just being in this space as much as we possibly can, because once
• 33:07
  you get it, you, you can't turn it off.
• 33:09
  But that's us. And we're just trying to survive
• 33:13
  and grow and, and live in this crazy world.
• 33:16
  But you can imagine like the big money, the billionaires, the
• 33:19
  huge money that is out there, they know what they're doing,
• 33:23
  that they all have their conversations.
• 33:26
  And when the time is right, they're going to let it run
• 33:28
  because it's even more important for them to be able to make
• 33:32
  insane gains off of Bitcoin. And this is what I've always
• 33:35
  said, when people go, well, the government's going to shut it
• 33:37
  down. The big businesses don't want
• 33:39
  it. They don't want us to have the
• 33:40
  money. It's not about us having the
• 33:42
  money to them. We're going to get little bits
• 33:44
  and pieces of this. They're going to come in and
• 33:47
  they're going to capitalize on Bitcoin in a way that we could
• 33:50
  only dream of. And we probably really can't
• 33:52
  even imagine how much of A capitalization they're going to
• 33:56
  make on Bitcoin. So no, the incentives of Bitcoin
• 33:58
  is brilliant like This is why I'm so bullish.
• 34:01
  It's brilliant for us. It's brilliant for your everyday
• 34:06
  mom and pop and it's even more brilliant for big money and
• 34:10
  honestly, especially governments to be able to come in the first
• 34:13
  government that really goes all in and not all this talking
• 34:17
  about it, but literally just all in on Bitcoin.
• 34:21
  I mean, it's going to be a game changer for that government.
• 34:23
  Look what it's done to El Salvador.
• 34:26
  That alone is a perfect example. A tiny little country.
• 34:29
  Just wait until a big company with access to trillions of
• 34:33
  dollars dives into Bitcoin and stacks hard.
• 34:35
  They will be potentially the, I don't want to say the number one
• 34:39
  company country because I live in America, but they've they've
• 34:43
  got the potential. Yeah, no, totally.
• 34:45
  And and actually Aladdin, I want to ask you a question and I want
• 34:49
  to hear Luke's take on this because I I haven't heard his
• 34:51
  take on this either. But you did kind of pop a
• 34:55
  question in my head and you said it earlier, you know, the
• 34:58
  incentives of Bitcoin are truly amazing.
• 35:00
  And I know right now everywhere around more of the hardcore
• 35:04
  Bitcoin circles, it's this idea of maybe Bitcoin is being Co
• 35:08
  opted with, you know, the Bitcoin treasury, all the paper
• 35:11
  Bitcoin we have the Larry Finks, we have nation states coming in.
• 35:15
  So what would be your take on that?
• 35:16
  Do you think Bitcoin has been Co opted or was this the inevitable
• 35:21
  path that we were going to take? Yeah.
• 35:25
  Me. Yeah, Yeah.
• 35:26
  You Aladdin. I know.
• 35:28
  You're more of the. Hardcore circle.
• 35:30
  Yeah. I mean, I wouldn't say that
• 35:32
  Bitcoin's been Co opted. I wouldn't go there because I
• 35:35
  think of Bitcoin as as an independent decentralized form
• 35:39
  of money. So can it be Co opted in my
• 35:41
  opinion, no. But I, I mean, I'm, I'm just an
• 35:44
  artist, so I'm not as technical on that.
• 35:46
  But I will say in in my, my deep based research of the rabbit
• 35:51
  hole, I don't think the Bitcoin itself can be Co opted.
• 35:54
  Can the price can price be manipulated?
• 35:57
  And I think that, yeah, I, I without a doubt like Peter
• 36:01
  Schiff is stacking Bitcoin and has for a very long time.
• 36:05
  And then look at him on Twitter. I mean, he's just now starting
• 36:07
  to play his little game back out and when it pumps, he's it's
• 36:11
  going to be really funny for some.
• 36:13
  But I, I think that, yeah, Donald Trump, his family from
• 36:17
  the, the Democrats, Republicans countries, Larry, dude, they've
• 36:21
  been stacking for a long time. They're just stacking in silent.
• 36:25
  And when that's why I believe in Samson Mound, the Omega candle.
• 36:29
  We, we created a card in series 3, the Omega candle.
• 36:32
  At some point they're going to be like, all right, we're
• 36:34
  stacked. Everyone's good.
• 36:35
  They're going to call their friends and family and they're
• 36:37
  going to see you guys. You got enough?
• 36:39
  You ready? OK, we're going to turn it on.
• 36:41
  And you really, you're only going to need one Bitcoin at
• 36:43
  that point and a game changer. So it's not that they're trying
• 36:47
  to hold it back forever. I don't think that.
• 36:50
  I think they're holding it back long enough to stack their bags
• 36:53
  as heavy as they can. And when it's time, floodgates
• 36:55
  are going to open. You can't stop this train it's
• 36:59
  on at that point. And then there's that.
• 37:04
  Totally agree a lot and totally agree I'm I'm on the same plane,
• 37:08
  same vibe as you. I've been calling it the
• 37:11
  billionaire flood playbook. You know, you flood Bitcoin
• 37:13
  forever and then once you start stacking, you probably flood it
• 37:18
  more until you get your position.
• 37:20
  And like you said, until everyone you know gets their
• 37:22
  position, then you continue to flood it.
• 37:24
  And then once everyone kind of has their bags packed, they look
• 37:27
  around, they're like all right, ready rocket ship.
• 37:29
  And then then you see that Omega candle of wait, which one's
• 37:32
  Omega is Omega 10K or 100K? Is Godzilla 10?
• 37:38
  Godzilla is 100K. Oh, OK.
• 37:40
  OK, Omega's 10, Godzilla's 100 OK, I I well, because.
• 37:44
  Nico then it then it stops the general public from wanting in.
• 37:48
  And I that's what I've been trying to explain to most
• 37:50
  people. I mean, we have unit bias and
• 37:53
  that unit's bias stops 90% of people from wanting to get into
• 37:58
  Bitcoin at the price it is today.
• 38:00
  Imagine Bitcoin at $1,000,000, like no matter how hard you beat
• 38:04
  it into everyone you talk to, there's going to be .001% that
• 38:09
  says oh I get it. I can still stack Bitcoin at
• 38:12
  $1,000,000 price little stats at a time and it's still worth it.
• 38:17
  99.99% are never going to get that.
• 38:20
  So they're not worried about this becoming the the
• 38:24
  generational wealth builder of enough people to make a
• 38:27
  difference. And that's why I think they're
• 38:28
  just going to pump it because most people, sadly, they're
• 38:31
  going to go to shit coin, they're going to go to whatever
• 38:33
  they can stack a million of a Chibu Inu or whatever crap.
• 38:38
  And they're going, it's going to go to a dollar someday.
• 38:40
  So This is why I think that, yeah, there's going to come a
• 38:42
  point where they pumped to the moon and they're not worried
• 38:45
  about it anymore because a lot of bitcoiners are going to sell
• 38:48
  and you're not going to be able to buy back in to a certain
• 38:51
  degree because then it's going to be 2 million and 3 million
• 38:54
  and you're never going to get back to that full stack or
• 38:56
  probably even close to it. Yeah, no, it's, it's very
• 39:00
  interesting. You know, as much as I think
• 39:04
  there's probably some paper Bitcoin and the, and the, you
• 39:07
  know, the price can be manipulated.
• 39:09
  It's really like trying to push something down or trying to like
• 39:14
  sweep the ocean, you know, from coming forward.
• 39:17
  At a certain point you can only stop the door for so long.
• 39:20
  Like, you know, try to close the door on a floodgate.
• 39:22
  You can kind of close it for a while and then once it gets too
• 39:26
  too much water coming through the door bursts through.
• 39:28
  So that's kind of the I don't know, mental image that I have
• 39:31
  here of like what's going on with the price?
• 39:33
  They're trying to hold back the floodgate, you know, close it.
• 39:35
  It's a it's like a what's that one slapping?
• 39:39
  You know, the it's that one commercial where they slap the
• 39:41
  sticker on it and then it anyways.
• 39:43
  That's that's a bad analogy, Luke.
• 39:46
  It has been called been Co opted is the question.
• 39:48
  Let let me not talk no more. It's the.
• 39:51
  Magic tape. I've seen it where the water's
• 39:53
  draining out of that big. Pub.
• 39:54
  Food and they slap the tape on it.
• 39:57
  I think this is like a it's a good little analogy for overall
• 40:00
  Bitcoin. Bitcoin is the tape that you
• 40:03
  slap on every problem. Everybody's looking around there
• 40:06
  saying hey we're living in a 90 year 4th turning cycle
• 40:09
  politically people are divided and they want new institutions.
• 40:14
  Guess what? Slap the Bitcoin on that tape.
• 40:17
  Bitcoin is the new institution. What about the 80 year long term
• 40:20
  debt cycle? Well, we've seen these 80 year
• 40:23
  long term debt cycles play out for hundreds of years and guess
• 40:26
  what? What's Bitcoin, Bitcoins.
• 40:29
  The tape. They're gonna try to deleverage
• 40:31
  the massive debt bubble that the government had built up since
• 40:35
  World War 2. We're at the end of the 80 year
• 40:37
  long term debt cycle. They're gonna print a ton of
• 40:39
  money. They're gonna introduce capital
• 40:41
  controls. They're gonna increase taxes on
• 40:43
  the productive class. They're gonna continue to do
• 40:45
  what they've always done. And we're starting to see signs
• 40:48
  of this being rolled out. We've got central bank digital
• 40:51
  currencies live in China, they're going live in Europe in
• 40:54
  about six weeks time. And people looking around
• 40:57
  saying, Hey, how do I survive this long term debt cycle?
• 41:00
  Bitcoin slap that sticker on there.
• 41:02
  And again, people just again, they're like, OK, Bitcoin's just
• 41:06
  a stock. Bitcoin's just this number go up
• 41:08
  thing. I think it's a lot more than
• 41:10
  that. Bitcoin is, it's not the answer
• 41:12
  to every problem in the world, but I think it can greatly,
• 41:15
  let's say, address many of the issues that most people are
• 41:19
  looking at. Again, this is the biggest
• 41:20
  problem that I see with mainstream media or even the
• 41:25
  quote UN quote, you know, red pill or you know, the awakened
• 41:28
  individuals today, the libertarians, they're all
• 41:31
  correctly identifying problems, but they're not talking about
• 41:35
  solutions. I think it's, again, you're not
• 41:38
  doing much good just by squealing hysterically about all
• 41:42
  of the problems that everybody can obviously see unless you
• 41:45
  actually have a solution. And that is, of course, slapping
• 41:48
  that Bitcoin tape on everything. Yeah, yeah, that's family
• 41:53
  friendly show. It's tape, guys.
• 41:54
  It's a chill out in the chat. All right, Anyways, I got myself
• 41:57
  in trouble today, so we're going to the news.
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  the QR code used simply for 5% off I I didn't have this exact
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  set up but this is what I did when I traveled from Dallas to
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  Miami I I don't know what these X-rays are doing to these cold
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  cards. So got to get a Faraday bag.
• 44:53
  Guys, look at that double plug. They're saying Nika's a Schiller
• 44:55
  dude, Opti just double plugging right here.
• 44:57
  Look at that. That's called that's called
• 44:59
  artwork. Alright, anyways, anyways,
• 45:02
  trolling, trolling. All right, so big news coming
• 45:05
  out of block. Of course, if you don't know
• 45:06
  block, it is Jack Dorsey's company.
• 45:08
  A lot of people say he's Satoshi.
• 45:10
  I'd I don't think that, but you know he's a Bitcoin air.
• 45:13
  Where's the Satoshi shirt? Block is also what is this?
• 45:18
  Let me see here. They are 13 at least according
• 45:22
  to bitcointreasuries.net, holding 8584 Bitcoin currently.
• 45:27
  They're literally working with Jack Dorsey and his companies
• 45:30
  are doing a lot to build the infrastructure around Bitcoin.
• 45:34
  Well, very interesting stuff happening over there.
• 45:36
  Block literally just got added to the S&P 500.
• 45:40
  So again, not only is you know, Wall Street coming to Bitcoin,
• 45:45
  Bitcoin is infiltrating Wall Street now.
• 45:48
  So block added to the S&P 500, passive money flowing into
• 45:53
  block, which of course, Jack Dorsey has been saying for a
• 45:56
  while, all his companies are basically designed in one way is
• 46:01
  to help Bitcoin grow. We know he's been talking about
• 46:03
  wanting Bitcoin to be the internet's money.
• 46:06
  And if it doesn't become the medium of exchange for the
• 46:08
  Internet, then as in his words, it has failed.
• 46:10
  So this is his life's goal right now to make sure people use
• 46:14
  Bitcoin as money. Now just covering this story a
• 46:17
  little bit, of course, tech billionaire Jack Dorsey LED
• 46:20
  block shares road 7% in morning trading on Monday.
• 46:23
  This happened this last Monday after the payments firm was
• 46:26
  added to the benchmark S&P 500, marking a milestone for the
• 46:31
  fintech sector and I would say also for the Bitcoin industry at
• 46:36
  large as well. The inclusion cements block
• 46:38
  status is one of the most valuable and informational
• 46:40
  players in the fintech space and shows how digital payments and
• 46:43
  financial apps have moved into the mainstream and disrupted
• 46:46
  traditional banking models in the US Of course, they have a
• 46:50
  market value of four, 44.8 billion.
• 46:53
  They're they're doing some great stuff here.
• 46:55
  Now the interesting part of this is not just that block, Jack
• 46:59
  Dorsey's block got added to the S&P 500.
• 47:02
  We got a very huge announcement yesterday as well coming out of
• 47:07
  another Jack Dorsey company, which I think is a symbiotic
• 47:11
  relationship here. Again, everything Jack Dorsey's
• 47:14
  been doing, a lot of the companies he's been investing in
• 47:17
  endorsing, they are all angled towards one thing, the adoption
• 47:22
  of Bitcoin as money. This one's huge.
• 47:26
  It's still early, but I think this is literally where the
• 47:29
  world is headed. And there's a lot of questions
• 47:31
  that I have here in regards to, you know, if this happens, how
• 47:35
  will Bitcoin be treated, you know, from a merchant
• 47:39
  perspective. But anyways, what am I talking
• 47:40
  about? Jack Dorsey Square, again,
• 47:42
  another block company, unleashes Bitcoin payments for merchants
• 47:46
  and and going further, this is hasn't been rolled out for
• 47:49
  everyone yet. It's really only a small number
• 47:52
  of merchants, but it's going to go live to I believe it was 4
• 47:55
  million merchants in 2026. So Square, the payment
• 48:00
  powerhouse led by Jack Dorsey has just made waves by enabling
• 48:04
  select merchants to accept Bitcoin as a payment options.
• 48:07
  He's been talking about this for a long time that this is where
• 48:10
  he was headed. If you've seen the clips on the
• 48:12
  show or on Twitter, Jack Dorsey's been saying for a while
• 48:15
  if Bitcoin isn't use as a medium of exchange and his words in it
• 48:20
  has failed. Of course, first it kind of
• 48:22
  starts to store value and then people want to accept it for
• 48:25
  their products. But here's the tweet.
• 48:27
  Square will fully roll this out in 2026.
• 48:31
  For now, it's only a small group, but you have here Owen B
• 48:35
  Jennings. It goes boom.
• 48:36
  Today we're onboarding our first few Square sellers for the new
• 48:39
  native Bitcoin accepted experience.
• 48:42
  This is the way. And of course, it's going to be
• 48:44
  using Lightning Network, which I think I think it's huge and
• 48:47
  going to 4 million US merchants. Of course, it's global as well
• 48:51
  to be able to accept Bitcoin. Now this is something a lot of
• 48:55
  bitcoiners have been talking about for a long time, this idea
• 48:58
  of a circular economy, merchants accepting Bitcoin.
• 49:01
  Yes, it's cool to see all of these Bitcoin treasury companies
• 49:04
  buying Bitcoin. Yes, it's interesting to see
• 49:06
  nation states buy Bitcoin, kind of get regulatory clarity around
• 49:10
  Bitcoin. But what's needed the most is
• 49:13
  people accepting and using Bitcoin.
• 49:15
  This is how it becomes becomes the future of money.
• 49:19
  Now I know Aladdin's huge on this idea, so I'm going to pass
• 49:22
  it to Aladdin first. How big is this new story?
• 49:25
  Obviously it's still early. It's going to be about 6 months
• 49:28
  until it's for everyone, but it just went live, at least for a
• 49:32
  couple of people. Bitcoin payments going live on
• 49:34
  Square. I'm sure you guys have used
• 49:37
  Square without even knowing and now they can all accept Bitcoin.
• 49:41
  I think this is going to be a game changer for the acceptance
• 49:44
  of Bitcoin and the adoption of Bitcoin at large.
• 49:47
  So, Aladdin, what's your thoughts on Jack Dorsey doing
• 49:50
  kind of Satoshi's work on the back end?
• 49:53
  No, it's great. These are the things that need
• 49:56
  to happen and, and, and just keep pushing it forward.
• 50:00
  I mean, how bullish am I on it? Not I, I think it, I think it's
• 50:05
  wonderful for sure. And and again, all these things
• 50:07
  need to happen, but the general public still has no idea who's
• 50:10
  going to use square. I mean, I, I would offer it
• 50:13
  obviously everywhere we go, we offer it on the website.
• 50:16
  Sure, of course we would love to sell everything we have in
• 50:20
  Bitcoin and just stack SAT's, but most people, they still
• 50:26
  aren't stacking. Most people that I know like the
• 50:29
  basic everyday people, they need Bitcoin as a store of value.
• 50:33
  They don't need it as another way to transact.
• 50:36
  They need to be stacking. So yes, this is great, but I, I
• 50:40
  think it's just too early for it to really do much other than be
• 50:44
  a really good news story. I mean, if you, if we really
• 50:48
  want to push Bitcoin adoption in today's broken crazy world, we
• 50:52
  need to get Jack Dorsey cheating on his wife, huddling each other
• 50:56
  at a, at a concert. Like this is where the, the, the
• 51:00
  culture is today. So like we need some crazy
• 51:03
  mimification. We need someone like Jack Dorsey
• 51:06
  just spit on that thing. I mean, sadly, this is where
• 51:09
  we're at today, so. We'll start to see.
• 51:12
  Adoption, when these kind of crazy things happen because the
• 51:16
  general public that's going to be spending Bitcoin to buy their
• 51:19
  goods. So that's few and far between.
• 51:22
  I, I'll spend my Bitcoin if it's another Bitcoin company that I'm
• 51:26
  spending it on and I know they're, they're stacking that
• 51:29
  and they're storing it. That's their, their value, not
• 51:34
  because they're just going to go sell it.
• 51:35
  Like I'm not going to go buy a hamburger and spend my Bitcoin
• 51:39
  on it. Taxable transaction go through
• 51:41
  all that bullshit just to have them turn it in directly into
• 51:44
  Fiat. No I I will gladly just hold my
• 51:47
  Sats. Yeah, bars that that is what you
• 51:52
  just said at the end was really like my first thought when I
• 51:54
  heard this. I'm like, OK, that's awesome,
• 51:57
  but until, you know, they eliminate capital gains on
• 52:01
  Bitcoin, how, how much impact will this have?
• 52:04
  I, I really love what Jack Dorsey's doing over here.
• 52:07
  I think it's great. But like you said, I think right
• 52:10
  now, as much as people maybe get ahead of themselves, what most
• 52:14
  people need is a solid store of value.
• 52:16
  Everyone's broke right now. And and like you said, you know,
• 52:19
  not going to rehash all of your cultural points here, but until
• 52:23
  we take over the culture, until I don't know, I was going to
• 52:28
  joke and say who, which quote UN quote micro knit celebrity in
• 52:32
  Bitcoin needs to have a scandal for it to to take take over the
• 52:36
  culture. I don't know, I don't know,
• 52:39
  maybe it's me. Maybe I'm the sacrificial lamb
• 52:41
  here. We'll see.
• 52:41
  We'll see. Anyways, Luke, what's your
• 52:44
  thoughts on the work Jack Dorsey's doing?
• 52:47
  Yeah. I mean, I I love that specific
• 52:50
  phrase, spit on that thing, but I think the family show.
• 52:53
  Jill Family. Show, family, show.
• 52:56
  Of course, I think what is the chart for me that I think kind
• 53:00
  of helps to explain how Bitcoin's going to be adopted
• 53:04
  and why. I personally didn't pivot away,
• 53:08
  but I started to focus my energy in different directions.
• 53:11
  I used to try to get everybody I met to use Bitcoin as a medium
• 53:16
  of exchange. Hey, you have to accept Bitcoin
• 53:19
  for payment. Hey, you have to do this.
• 53:21
  You have to do that again. I spent a year in El Salvador
• 53:24
  back in 2022, just after the martial law was implemented and
• 53:29
  just after it was super, super violent.
• 53:32
  And in 2023, I spent a lot of time in El Salvador.
• 53:36
  But I've just come to the conclusion that this is how
• 53:38
  Bitcoin's going to be adopted. It's going to be adopted as a
• 53:41
  medium of exchange first. And that S curve is going to
• 53:46
  happen a long time before we see medium of exchange.
• 53:51
  I think again, my base case for Bitcoin is that we see it at $10
• 53:55
  million a coin and adoption still less than 10% when we're
• 53:59
  actually looking at it from a medium of exchange perspective.
• 54:03
  And that's simply because when Bitcoin's at 10 million a coin,
• 54:07
  it's only what $50 trillion market cap.
• 54:10
  We're we're still only very, very early in Bitcoin's journey
• 54:14
  when it's at $10 million a coin. And again, people will struggle
• 54:17
  to conceptualize that, but that's just the facts when we're
• 54:21
  looking at the $900 trillion that there is in the world.
• 54:25
  So again, I, I think medium exchange, yes, it is important
• 54:28
  to encourage, but I just think it's going to happen a long time
• 54:32
  after we see some really serious run UPS in the price of Bitcoin
• 54:36
  because to and the point the coach is just not there right
• 54:40
  now. This gambling on all sorts of
• 54:43
  different ridiculous penny stocks and they're trying to
• 54:46
  drop ship and trade with technical analysis to make 1000
• 54:50
  bucks online. They're listening to all the
• 54:52
  morons. And I think it's going to take a
• 54:54
  lot more, you know, hands touching the stoves and the hot
• 54:57
  plates before we see the everyday person actually
• 55:01
  understand what Bitcoin is. And I just think we're seeing it
• 55:05
  right now. Nation states, hedge funds,
• 55:07
  funds, pension funds, billionaires, nation states,
• 55:11
  these are the guys FOMO in into Bitcoin and calling them a
• 55:15
  Bitcoin treasury asset. They're putting on the balance
• 55:17
  sheet. They're not selling it, they're
• 55:19
  buying more. These guys are going to continue
• 55:21
  doing what they're doing. And I think also something else
• 55:24
  Aladdin said earlier, once all of these big connected guys,
• 55:28
  they've got their bags packed, they're going to make the phone
• 55:30
  call and they're going to say, right, do you have enough?
• 55:33
  Yep, send it. And I think that's what's going
• 55:35
  to happen. I think we're going to see
• 55:37
  Bitcoin when adopted in this way just and again, I don't want to
• 55:40
  get too conspiratorial again Opti family friendly show.
• 55:43
  Feel free to rein me in here if I go a bit too far, but I always
• 55:47
  think of things in a with a little bit more of a
• 55:49
  conspiratorial band. I think the black rocks who
• 55:53
  right now own 3% of the Bitcoin supply.
• 55:56
  All of these very connected guys, the bankers again, we
• 55:59
  showed you yesterday on the show, Jamie Dimon is launching
• 56:03
  Bitcoin backed loans. He privately has bought hundreds
• 56:07
  of millions of dollars worth of micro strategy stock for JP
• 56:11
  Morgan. And at the same time only months
• 56:14
  ago he was at the World Economic Forum in Davos saying don't ask
• 56:18
  me about Bitcoin again. I never want to talk about it
• 56:20
  again. Why not?
• 56:22
  Because he's buying for his own bags.
• 56:25
  So I just personally think a lot of these guys right now who are
• 56:27
  buying a lot of the Bitcoin supply, I, I, I, I don't want
• 56:31
  to, I don't want to assume malice where they might not be
• 56:35
  malice. But again, I just think they're
• 56:37
  competitive. I think they're going to want to
• 56:39
  buy as much Bitcoin as possible under 100K or at 100K or 150K.
• 56:43
  And I think maybe they have an incentive to pack their bags and
• 56:48
  then let it fly and make the masses scramble and make the
• 56:52
  masses. And again, they think of us as
• 56:54
  maybe the peasants, make the peasants buy Bitcoin at
• 56:57
  $1,000,000 a coin so that they kind of are able to port this
• 57:02
  disproportionately large wealth inequality gap onto a Bitcoin
• 57:07
  standard. Again, this is just speculation.
• 57:10
  Again, you can call me a tinfoil hat conspiracy theorist if you
• 57:13
  think I am, but this is I'm trying to get inside the minds
• 57:17
  of the people who have been attacking Freedom Money over the
• 57:21
  past five years. Jamie Dimon, Greenpeace, all of
• 57:24
  your crypto Fudsters who have been saying that Bitcoin's a
• 57:28
  scam, proof of work is dirty, a la Charles Hoskinson, who just
• 57:33
  recently came out and said, yeah, you know what?
• 57:35
  I might stick $100 million onto Bitcoin for my balance sheet at
• 57:39
  Cardano, one of the biggest old coiners and Bitcoin haters over
• 57:43
  the year. So I'm just trying to put myself
• 57:44
  in that in their mind. And I think the Omega candle, I
• 57:48
  think it is potentially how the elite wants Bitcoin to be
• 57:52
  adopted again. That's a spicy take.
• 57:54
  I just thought of it right now. I'd love your thoughts on
• 57:57
  Aladdin and Opti. Am I off the deep end here or is
• 58:00
  it a potential? I know you want to go Aladdin.
• 58:04
  Spot on in, in my opinion. I mean, just think about like
• 58:09
  how this could be used the the Charles Hoskinson.
• 58:12
  I hate saying that guy's name. This guy.
• 58:16
  Yeah, dude. I mean he could potentially have
• 58:18
  one of the only shit coins that's left standing just
• 58:22
  because he's literally using a shit coin to buy more Bitcoin,
• 58:25
  which is honestly the first intelligent thing I've ever seen
• 58:28
  him do. These are things that without a
• 58:32
  doubt that I mean, Jamie Dimon literally was busted and had to
• 58:36
  pay nearly a billion dollars for manipulating the gold market.
• 58:40
  So to say that this guy wouldn't do some of the same things with
• 58:44
  Bitcoin and and play crazy FUD games and manipulate.
• 58:49
  I mean, come on the Davos all this.
• 58:52
  I mean, I got to be really careful what I say because what
• 58:55
  I'm trying to build and I don't want to trigger myself in the
• 58:59
  wrong way with what what I'm doing, but it's bad.
• 59:03
  It's really, really bad out there once you start going down
• 59:05
  these things. And yeah, it's all 100%
• 59:07
  possible. And again, $1,000,000 a Bitcoin,
• 59:12
  the majority of the world is done.
• 59:13
  They're going to go and chase the next big thing. 99% of the
• 59:17
  people that I talked to about Bitcoin ask me, well, what about
• 59:20
  XRP? I mean, yeah, we've got a lot of
• 59:25
  work to do and these are even freedom minded people.
• 59:28
  And I try to get into the conversation and explain a
• 59:31
  couple things, but we've got a lot of work to do.
• 59:34
  People by the time the general public, you would say that the,
• 59:40
  the plebs get in, it's probably going to be too late.
• 59:43
  Sadly, there, it'll be at the moon at that point.
• 59:45
  And it, there will be some smart ones that buy in in 1,000,000
• 59:48
  bucks and they huddle and they still run it up and, and save.
• 59:52
  But I think the majority of people are going to get a
• 59:55
  double, they're going to sell and then we get another double
• 59:57
  or triple after that. And again, there's no getting
• 1:00:00
  back in. It's the broken education system
• 1:00:05
  across the entire world. So yeah, you're, you're, you're
• 1:00:09
  spot on, Luke. Sadly 1. 100% Speaking of work
• 1:00:13
  to do, let's talk with Aladdin about the work he's doing to
• 1:00:17
  ensure that people understand why they need Bitcoin.
• 1:00:20
  We'll be right back. I want to give a shout out to
• 1:00:24
  our partner Hive Digital Technology.
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• 1:02:25
  All right, Aladdin, let's talk about why you rebranded formally
• 1:02:31
  Bitcoin trading cards now based trading cards.
• 1:02:35
  What what what's going on here, man?
• 1:02:37
  That you're you're confusing the 41 IQ people like myself and in
• 1:02:41
  the chat. What what what's happening here?
• 1:02:43
  Why'd you make this move, man? And also thanks for coming on.
• 1:02:46
  I I love when you come on a good friend of the show.
• 1:02:48
  But yeah, man, you rebranded. I I was even wrong when you came
• 1:02:52
  on the show earlier. I'm like, you know, Bitcoin
• 1:02:54
  trading like, dude, it's based now.
• 1:02:56
  I'm like, Oh yeah, I I completely forgot.
• 1:02:58
  So why the rebrand? What what are you doing?
• 1:03:00
  What's your angle? Yeah, I mean, it all comes back
• 1:03:05
  to the culture and, and a lot of what I was talking about earlier
• 1:03:07
  with you guys. We need to, we need to capture
• 1:03:11
  the culture. JD, he's the founder of
• 1:03:14
  Cypherpunk Cinema. He's one of the first guys that
• 1:03:16
  I met when I finally got into the space as a business owner in
• 1:03:20
  here, not just standing on the sidelines.
• 1:03:22
  And we started chatting and he goes, Aladdin Bitcoin needs a
• 1:03:25
  Halo and he's talking about Halo the video game.
• 1:03:28
  Just to kind of summarize the the idea of in order for us to
• 1:03:33
  get Bitcoin across to the general public, which that is my
• 1:03:36
  biggest goal. Like I want as many people as
• 1:03:39
  possible to, to get Bitcoin, not even for the gains they're going
• 1:03:44
  to get from it in, in the financial way, but the, the
• 1:03:48
  gains you're going to get as a human being, you're going to
• 1:03:51
  wake up in a way that, I mean, that's the beauty of Bitcoin.
• 1:03:54
  And that's the whole idea behind the cards is trying to slowly
• 1:03:58
  give people through the art, through the universal language
• 1:04:01
  of art, the ability to Start learning so many different
• 1:04:05
  topics around why we are so bullish about Bitcoin.
• 1:04:08
  So being Bitcoin trading cards, as much as I I love that name,
• 1:04:14
  it makes it really difficult as anyone knows, that's using
• 1:04:17
  Bitcoin in their name to as a business to open up bank
• 1:04:20
  accounts or do anything. I mean, it's hell.
• 1:04:22
  And then I decided to do Bitcoin trading cards.
• 1:04:26
  Well, all they hear is Bitcoin and trading.
• 1:04:28
  So that's a big hassle that I have to fight through.
• 1:04:31
  But I think the even bigger one is we've been going to a lot of
• 1:04:35
  trading card events and these are not Bitcoin events at all.
• 1:04:37
  You might find one or two people out of a couple thousand that
• 1:04:41
  know anything about Bitcoin. And by having Bitcoin as that,
• 1:04:45
  that big name that the branding that grabs you when they walk
• 1:04:49
  by, most people will look up, they'll see Bitcoin and it'll
• 1:04:52
  just turn them off right away. Well, that defeats the purpose
• 1:04:55
  of what I'm trying to I do yeah. I love it when bitcoiners buy
• 1:04:57
  the cards. I think that's it's great for
• 1:05:00
  all of us to be able to collect the lore and the education, but
• 1:05:03
  the original idea of this is to orange pill the world and having
• 1:05:07
  the name Bitcoin front and center.
• 1:05:10
  It stops the majority of people that don't know anything about
• 1:05:13
  Bitcoin from giving us a chance. So base trading cards, that's
• 1:05:18
  what we are. We are highly based.
• 1:05:21
  So we're still on topic all the way and it's still BTC.
• 1:05:25
  So it's more of a Trojan horse for us to be able to reach the
• 1:05:29
  general public, get out what we're trying to do.
• 1:05:32
  I know a lot of what we've been doing from the beginning is just
• 1:05:35
  really putting out scarcity, transparency and a a quality
• 1:05:42
  trading card that just isn't done in the entire industry.
• 1:05:46
  We've been blessed to to partner and be able to work with some of
• 1:05:49
  the biggest trading card printers in the entire world.
• 1:05:52
  Last year we actually won a championship program, top
• 1:05:58
  quality printed product in the entire company, right up there
• 1:06:01
  with the best of the best. So we're not just proving it to
• 1:06:05
  our customers that are checking out what we're doing, but the
• 1:06:08
  the printer that we're working with is seeing the the value and
• 1:06:12
  proof of work that we're putting into what we're doing here.
• 1:06:14
  So we've got big plans coming up for next year.
• 1:06:18
  We've been working on something called Satoshi's Heroes.
• 1:06:21
  This is where we basically merge Marvel Comics, Pokémon and
• 1:06:26
  trading cards together. And this is what we're going to
• 1:06:29
  be doing to try and do exactly what I was saying.
• 1:06:32
  We're we're going to try to capture the culture.
• 1:06:34
  If we can create a Halo out of this, this is where the culture
• 1:06:39
  starts to pick up. And again, yeah, this isn't
• 1:06:42
  your, your sovereign wealth funds.
• 1:06:44
  This isn't your your millionaires and billionaires
• 1:06:47
  that are going to be approaching what we're doing here.
• 1:06:49
  But my idea and hope and dream for this is that you're going to
• 1:06:54
  get kids at school trading these cards and comparing it to what
• 1:06:59
  they're collecting right now in the trading card industry is, is
• 1:07:02
  booming massively. And what they're collecting is,
• 1:07:05
  is very Fiat. You, you're going to have to
• 1:07:08
  open upwards of 100 packs, maybe up to 300 packs depending on who
• 1:07:13
  you're collecting in order to get one serialized chase card.
• 1:07:16
  For people that don't know, that's a a number chase card
• 1:07:19
  where you actually know the supply.
• 1:07:21
  I mean, that's sad. And a lot of it's these are
• 1:07:24
  parents that are buying these cards.
• 1:07:26
  These are kids that are spending their their allowances on these
• 1:07:30
  cards for what it's it's paper. So the number one thing beyond
• 1:07:34
  even Bitcoin for them when they first start collecting these
• 1:07:37
  cards is just understand scarcity, understand what finite
• 1:07:40
  supply means. These are basic general topics
• 1:07:44
  that once you start understanding these, everything
• 1:07:47
  else will start to flow. For anyone out there that has a
• 1:07:51
  really big questions about who we are and what we are, we are
• 1:07:54
  literally just the base team of a couple Bitcoiners from around
• 1:07:58
  the world that have come together to literally just
• 1:08:00
  create something to try to capture the culture and teach
• 1:08:04
  people about Bitcoin. Not on social media, but in your
• 1:08:08
  hands, something tangible through art.
• 1:08:10
  And again, at the end of the day, art is a universal
• 1:08:13
  language. Whether it's music or the art
• 1:08:15
  you have up on your wall, this is something that every culture
• 1:08:19
  around the world understands. Love it, Aladdin, And actually
• 1:08:23
  we have a good question here basically on the rebrand.
• 1:08:27
  And I think they're trying to pick your brain a little more.
• 1:08:29
  And so Jen goes, why do you think non Bitcoiners are turned
• 1:08:32
  off by something that is Bitcoin branded?
• 1:08:35
  What about it are they turned off by guys?
• 1:08:37
  This is from his real life experience going to these card
• 1:08:41
  events and seeing how people react to what he's doing.
• 1:08:45
  So Aladdin, you want to elaborate a little bit on this?
• 1:08:49
  Yeah. I mean, we've spent literally
• 1:08:52
  hundreds, if not at this point over 1000 hours sitting in a
• 1:08:56
  booth at 100% trading card conference.
• 1:09:00
  And this is, yeah, Republicans, Democrats, everyone of every
• 1:09:04
  color, every culture coming through, literally thousands of
• 1:09:07
  people a day walking through. And we're sitting at the booth
• 1:09:10
  talking to as many as we can. And yeah, I'd say 99% even if
• 1:09:15
  they approach the booth, they're like, why Bitcoin?
• 1:09:19
  What is Bitcoin? Which is a great question, but
• 1:09:21
  they're even if you start giving the answer, you, you got that
• 1:09:24
  32nd elevator pitch to someone that knows nothing about
• 1:09:27
  Bitcoin. They're here to buy a pack of
• 1:09:29
  trading cards and they see this giant Bitcoin sign.
• 1:09:32
  So at the end of the day, that the best advice I can give most
• 1:09:35
  people, if you haven't went out there and talked to hundreds or
• 1:09:37
  thousands of people that don't know anything about Bitcoin, it
• 1:09:40
  is financial. No one wants to talk about
• 1:09:44
  government, finance or religion if they do not know you and
• 1:09:47
  don't have a good relationship with you.
• 1:09:49
  Yeah, they're just people that love to argue and have those
• 1:09:52
  conversations, but it's few and far between when you're trying
• 1:09:54
  to sell a product and they're automatically relating that
• 1:09:58
  product to government, religion or finance, it's an immediate
• 1:10:02
  turn off. So in order for us to breach
• 1:10:05
  through that and get to as many people as possible just to give
• 1:10:09
  us the time to see, because once they do breakthrough, I mean,
• 1:10:13
  we're the only trading. We are to the trading card
• 1:10:17
  industry what Bitcoin is to the financial market.
• 1:10:21
  Literally we finite supply all the ethos that is in Bitcoin
• 1:10:25
  we're bringing to trading cards and for people to say, oh,
• 1:10:28
  what's the big deal about that trading card industry is
• 1:10:31
  literally like the Federal Reserve.
• 1:10:33
  It's a money grab. The others amazing companies.
• 1:10:36
  I mean, I've collected throughout my life, so I love
• 1:10:38
  them. I'm not trying to to put shade
• 1:10:40
  on these companies, but when it comes to finite supply, when it
• 1:10:43
  comes to transparency and true scarcity and all these things,
• 1:10:46
  it doesn't really exist in the hobby at all.
• 1:10:49
  So meet people where they're at. And that's exactly what we're
• 1:10:52
  trying to do, but in a way where it's more of a Trojan horse and
• 1:10:55
  we're not slapping them across the face with a hey, let's come
• 1:10:58
  and talk about finance. Yeah.
• 1:10:59
  Well, that's one of our models here at simply is always meet
• 1:11:02
  people where they are. We we literally get yelled at
• 1:11:04
  today. It's like they're still on
• 1:11:05
  YouTube. It's like guys, we got to meet
• 1:11:07
  people where they are. You know, like it's cool that
• 1:11:10
  you can talk to a void and you know, like you're, you know
• 1:11:13
  what, your company isn't being super based and you know, saying
• 1:11:17
  all the things, but you want people to listen.
• 1:11:19
  You want people to come and enjoy what we enjoyed.
• 1:11:22
  And it is just, you know, you have to go where people are now.
• 1:11:26
  Aladdin, one thing that I didn't realize, which I totally didn't
• 1:11:30
  get the base trading card like what you were doing in the
• 1:11:33
  beginning until you told me, just like how big the trading
• 1:11:37
  card industry is. Could you explain that a little
• 1:11:39
  bit? Because like when you first told
• 1:11:41
  me this, I think years ago and now I was like, really like,
• 1:11:44
  it's really that big of a thing. I remember trading, I just
• 1:11:47
  bought cards and I was like 13. I'm like, this makes no sense to
• 1:11:50
  me. And you're like, bro, you don't
• 1:11:52
  understand how big trading cards are.
• 1:11:54
  This is, as you said, the perfect Trojan horse to kind of
• 1:11:58
  get into the culture. Yeah, I mean, all the way from
• 1:12:03
  kids on the playground, literally, like you were saying
• 1:12:06
  when you were a kid. This is something that has been
• 1:12:08
  common for nearly 150 years. It's some of the first
• 1:12:12
  transactions that children make in their entire life is with
• 1:12:16
  trading cards on the playground. And that's the market size.
• 1:12:20
  I mean, you're talking hundreds of millions of people that
• 1:12:23
  collect trading cards in every country across the entire world.
• 1:12:27
  We've got friends in South America that are begging for us
• 1:12:30
  to do a Latin America theme trading card because they're,
• 1:12:34
  it's huge, but they're collecting Pokémon.
• 1:12:38
  Australia is a massive market. I mean, every continent on this
• 1:12:41
  earth other than Antarctica is stacking trading cards where
• 1:12:46
  they should be stacking sats. So the opportunity to literally
• 1:12:50
  reach the entire world like Pokémon is doing with something
• 1:12:54
  like this is massive. And again, these companies, they
• 1:12:58
  do not put out the numbers of what they print.
• 1:13:00
  And I've seen a lot of Bitcoiners on Twitter.
• 1:13:02
  They're bragging about Pokémon cards and, and their huddle of
• 1:13:05
  their Pokémon cards. That's great.
• 1:13:07
  I've got some that I bought my kids and they huddle.
• 1:13:09
  But at the end of the day, I don't think they've taken the
• 1:13:11
  time to do the research and understand that in 2026 alone,
• 1:13:15
  Pokémon printed over 8 billion trading cards, not packs, but
• 1:13:20
  cards. And 8 billion is an
• 1:13:22
  understatement. I'm just trying to be very
• 1:13:23
  conservative. This is insane.
• 1:13:26
  This is enough packs for every single human being on earth to
• 1:13:30
  have a pack of Pokémon cards in 2024 alone.
• 1:13:34
  People are collecting these in a way that they think the value is
• 1:13:38
  going to go up. It's I mean, it's inflated to
• 1:13:41
  the moon and it's only getting inflated even more.
• 1:13:43
  So it's hard to say that you understand inflation, you
• 1:13:47
  understand money and economics when you don't understand how
• 1:13:51
  trading cards work and you collect trading cards.
• 1:13:53
  So the work needs to be done across the board.
• 1:13:56
  And again, this just simplifies it so much for anybody and
• 1:14:00
  everybody to understand. Even Bitcoiners that brag about
• 1:14:04
  stacking sats and understanding Bitcoin and economics, but
• 1:14:07
  they're also bragging about their Pokémon cards.
• 1:14:09
  They're hodling. Hodling because you love the
• 1:14:11
  cards. But if you're hodling as a
• 1:14:13
  financial investment, yeah, there's a handful of cards and
• 1:14:16
  handful of packs in the world, but other than that, it's
• 1:14:18
  inflated. Wait, did I?
• 1:14:19
  Hear you right, You said 8 billion packs, not cards.
• 1:14:25
  Oh, OK, no cards. And that's an, that's an
• 1:14:27
  understatement of how many in 2024 alone.
• 1:14:31
  It's a lot more than that. But I'm trying to again, be very
• 1:14:33
  conservative so that I at the very least hit the number and
• 1:14:37
  then probably under what that number is.
• 1:14:38
  But yeah, 8 billion cards in 20/20/2020.
• 1:14:42
  One average. Packs are three to That's 2020.
• 1:14:46
  Four and they go for like $10,000 a card.
• 1:14:49
  I, I saw one of my friends sold some Pokémon cards and I helped
• 1:14:52
  them out and the prices for these things I was like wait
• 1:14:57
  what? Again, like the other card, I'm
• 1:14:58
  like, what? Someone's buying these cards for
• 1:15:01
  like $10,000? Like, are you kidding me?
• 1:15:04
  Like what is going on here? He's like, yeah, he's the
• 1:15:06
  buyer's kind of a big corner, but I'm like, who is buying a a
• 1:15:10
  freaking cardboard with some shiny for $10,000?
• 1:15:14
  Like what's going on? It's like, dude, it's a big
• 1:15:15
  industry. Like it's huge.
• 1:15:19
  It's very similar to the altcoin market.
• 1:15:22
  I mean, you can compare it there, all of these different
• 1:15:25
  trading card companies coming out doing their thing.
• 1:15:27
  There's, I think there's divorced dads, there's like
• 1:15:31
  dude, you name it, all of these crazy different trading card
• 1:15:33
  companies, which is great. I love it.
• 1:15:35
  I love the idea of it. But the only thing that's broken
• 1:15:39
  is the transparency. If you're going to call
• 1:15:41
  something a collectible, if you're going to call something
• 1:15:43
  scarce, then we should know exactly how many of those exist.
• 1:15:47
  It's like comparing Ethereum to Bitcoin, the parallels.
• 1:15:51
  I mean, there is no comparison. Bitcoin is a finite supply.
• 1:15:55
  Bitcoin is truly scarce. Ethereum, who knows where it's
• 1:15:59
  going to go? Who knows how many more of these
• 1:16:01
  are going to be printed. So that is the trading card
• 1:16:04
  industry right now. And that's what we're trying to
• 1:16:06
  do as base trading cards, BTC. So still Bitcoin trading cards,
• 1:16:10
  we're trying to come in and shake it up and be the Bitcoin
• 1:16:14
  in the trading card space, which has been an altcoin space to a
• 1:16:19
  certain degree for a very, very long time.
• 1:16:21
  Yeah. Guys, Sophie just told me off
• 1:16:23
  screen she knows someone that I don't know if it was bought or
• 1:16:27
  sold a Pokémon card for $5,000,000.
• 1:16:31
  Guys, what is going on here? Yeah, insane insanity.
• 1:16:38
  And that's when there was scarcity Opti, that's when
• 1:16:42
  Pokémon was printing very, very little.
• 1:16:44
  And that's why those cards, those original cards are worth
• 1:16:47
  insane amounts of money. But I mean, compared to the
• 1:16:49
  sports market, you got Babe Ruth cards from back in the day that
• 1:16:52
  were and Mickey Mouse just showed me.
• 1:16:54
  A Babe Ruth for 6,000,000 highly.
• 1:16:56
  Collect this. Industry is insane so OK.
• 1:16:59
  The real question is is when is the base trading card going to
• 1:17:02
  be worth $1,000,000? Before or after Bitcoin gets to
• 1:17:06
  $1,000,000? You know, that's a very good
• 1:17:11
  question. The only thing I say when it
• 1:17:14
  comes to the price and all these things stack sats before you
• 1:17:19
  don't see us out there shilling and trying to.
• 1:17:21
  I mean, we suck at marketing. We're like, if you're going to
• 1:17:24
  buy the cards, you buy them because you like them and it's
• 1:17:27
  just quality and we will let the quality speak for itself.
• 1:17:30
  But at the end of the day, these cards are, they're meant to
• 1:17:33
  teach you all of the topics and all of the understanding of
• 1:17:37
  economics, freedom, monetary history, all these things so you
• 1:17:40
  can stack more stats, not so that you sell your stats to buy
• 1:17:44
  more Bitcoin trading cards. Yeah, there's a massive
• 1:17:46
  collectibility to it. That's a lot of fun.
• 1:17:48
  There's people that have done insanely well off of this, but
• 1:17:52
  you have to have the incentive. The general public is not just
• 1:17:55
  going to buy trading cards and necessarily because they want to
• 1:17:59
  stack 10s of thousands of dollars worth of trading cards
• 1:18:01
  in the garage. They're buying it because it's a
• 1:18:03
  lottery ticket to a certain degree.
• 1:18:05
  So yeah, the the number go up. Technology built into this, it
• 1:18:09
  has to be. And we work really hard at
• 1:18:11
  creating that level of scarcity and that level of quality of
• 1:18:17
  what we're doing to compete with the biggest brands.
• 1:18:19
  So that hopefully the number does go up really high on this
• 1:18:22
  because again, if we want to get Bitcoin into the hands of as
• 1:18:27
  many people as possible around the world, we've got to hit them
• 1:18:30
  where the culture's AT. And you got to hit them where
• 1:18:32
  they're at. And they want a lottery ticket.
• 1:18:34
  They want potential for number to go up.
• 1:18:36
  And if they don't see that with Bitcoin, but they do with the
• 1:18:38
  trading cards, eventually they're going to read those
• 1:18:40
  cards, they're going to collect, they're going to read.
• 1:18:43
  And eventually they're it'll lead them towards Bitcoin.
• 1:18:45
  So go ahead and where they're at.
• 1:18:47
  Man, of course. Wow, I'm getting a buzz
• 1:18:50
  somewhere. Hopefully it's not coming
• 1:18:51
  through. Stack SAT before packs.
• 1:18:55
  Aladdin, love it, love it. OK, we are.
• 1:18:58
  I do have to pop off soon 'cause Nikko's gotta get on a a
• 1:19:01
  podcast. But Aladdin, I wanna give you
• 1:19:03
  one last final message to the audience and then we'll wrap up
• 1:19:07
  today's show. Focus on the culture it it's the
• 1:19:12
  number go up and all that. I mean, whatever you can do to
• 1:19:15
  be a part of the Bitcoin culture, build that culture and
• 1:19:20
  we just got to get us trending. I mean, that's where the world's
• 1:19:23
  at today. Be realistic.
• 1:19:25
  I mean, that's the last thing I'll leave everyone with.
• 1:19:27
  Just be realistic. Love it.
• 1:19:29
  Love it. Couldn't agree more guys.
• 1:19:30
  We win by winning over the culture.
• 1:19:33
  And as someone in the chat said earlier, it's too far up in the
• 1:19:37
  in the chat here to say he's like, we will win the culture
• 1:19:40
  eventually because everyone's going to get poorer.
• 1:19:42
  So, you know, be a little nicer out there and be waiting for
• 1:19:45
  them with, with some soft gloves.
• 1:19:47
  You know, people are struggling and not to make a joke of it and
• 1:19:51
  laugh about it, and of course, I'm being a bit flippant here,
• 1:19:54
  but This is why Bitcoin was created in the 1st place for
• 1:19:58
  where we are right now in the course of history.
• 1:20:01
  People need a store of value. People need something rather
• 1:20:05
  maybe even more basic. People need help.
• 1:20:07
  And we are here. We are ahead of the curve.
• 1:20:10
  We understand where the world's going.
• 1:20:12
  So, you know, make sure you can do your part into shifting the
• 1:20:16
  culture towards the Bitcoin world that we want to see.
• 1:20:19
  So Aladdin, thank you so much. Let's do one last plug.
• 1:20:22
  Well, you for the audio listeners, plug the base trading
• 1:20:25
  card website and then your Twitter and we will wrap up
• 1:20:28
  today's show. Yeah, Twitter at BTC under score
• 1:20:34
  cards website is the same. It's BTC dash cards yeah,
• 1:20:41
  there's educational packs for like 3 bucks apiece.
• 1:20:43
  Those are great to just get the it's orange peeling without
• 1:20:47
  having to have the conversation. So that's what I highly
• 1:20:50
  recommend to bitcoiners and if you really want a awesome
• 1:20:53
  Bitcoin collectible, that's where you get into the other
• 1:20:56
  packs. But the last point you made Opti
• 1:20:59
  be realistic and then to your point, be real.
• 1:21:03
  If if we're a bunch of Dicks to I don't blame them for not
• 1:21:06
  wanting to be a part of it. You got to be real and treat
• 1:21:09
  people the way you want to be treated.
• 1:21:11
  It's not about we're better than them.
• 1:21:14
  That just puts you in the same category as everyone else.
• 1:21:16
  So be humble and 100. Percent as Skip said, kid
• 1:21:19
  gloves, not brass knuckles. Guys love it love it love it.
• 1:21:25
  OK, All right, Well, you know, Luke, we made it through the
• 1:21:28
  show without any catastrophic events.
• 1:21:31
  Started a little rough, ended on a high note.
• 1:21:34
  I see you change your camera again.
• 1:21:36
  Hopefully we figure out your Internet next time.
• 1:21:39
  Thank you guys for. Coming on today.
• 1:21:41
  Yeah. Apologies guys for my trash
• 1:21:44
  Internet. Even my camera's just gone off.
• 1:21:46
  Dude, what a rookie. Rookie over here.
• 1:21:49
  So much for being a professional.
• 1:21:51
  Anyways, Aladdin, Aladdin, thank you so much for coming on, man.
• 1:21:58
  It's always a pleasure when you come on and hopefully I see you
• 1:22:02
  soon, man. I'll, I don't know when the next
• 1:22:04
  conference I'm going to that you're going to, but I hope to
• 1:22:07
  see you soon, man. It's been a pleasure.
• 1:22:09
  On that note, guys, I do have to run.
• 1:22:12
  Nico needs to set up. He's doing an interview that
• 1:22:15
  will drop soon. On that note, guys, you already
• 1:22:18
  know the message. Make sure you stack sats the
• 1:22:21
  four packs. Make sure you are going outside,
• 1:22:24
  getting some sun, eat some good food, calling your loved ones,
• 1:22:28
  and of course, coming back tomorrow because we're going to
• 1:22:31
  do another show here on Simply Bitcoin.
• 1:22:33
  It's been your host Opti and I will see you tomorrow.
• 1:22:36
  Peace out guys. Today's episode was brought to
• 1:22:39
  you by bitcoinwell.com, a Bitcoin only platform on a
• 1:22:42
  mission to enable financial independence.