Latest / Simply Bitcoin / When Will You BELIEVE in Bitcoin?! | EP 882

Transcript

When Will You BELIEVE in Bitcoin?! | EP 882 · Simply Bitcoin

0:21
It's all going to zero against Bitcoin.
0:25
It's going up forever. Good morning.
1:21
Oh, here we go. Here we go.
1:23
All right. Sorry, guys.
1:24
This Wi-Fi for me is very, very bad.
1:27
We are. Everyone's saying no audio.
1:29
No sound. OK one second guys.
1:34
Apologies, Apologies. This this Wi-Fi is messing up on
1:38
us. Can you?
1:40
Hear us. Are we back?
1:44
Sound All right? OK.
1:46
All right, guys, so we were trying again.
1:49
I know you guys yell at us all the time for us being late, but
1:53
we were trying to get better Wi-Fi, and this Wi-Fi is acting
1:57
all weird right now. Anyways, what's up, guys?
2:00
We are back for another episode of simply Bitcoin.
2:02
Of course we are your number one source for the Bitcoin
2:05
revolution. We cover memes.
2:07
News. Well, less memes, more news,
2:09
more culture and we are coming live from Vegas right now from
2:13
Unconfiscatable. We got a great show for you guys
2:16
if it works, if it works, hopefully it works for you guys.
2:19
I guess I should have bought the premium Internet over here.
2:21
I I thought it was working actually.
2:23
I think Jacob's stealing our Internet right now.
2:25
But anyways, that's besides the point guys.
2:27
We have a great show for you and guys, it's something I've been
2:30
saying forever on the show. The Bitcoin signal is going
2:34
everywhere and I think we are underestimating how strong the
2:39
Signal will be going into do this bull run.
2:42
We have Joe Kernan, a full blown Bitcoin maxi on CNBC just
2:46
pressing at Andrew Sorkin. And it really hits on a theme
2:51
that we talk about all the time here about, you know, people
2:54
watching Bitcoin. And the question always comes
2:57
out like when will you believe in Bitcoin, When will you start
2:59
saving in Bitcoin, when will you start to understand why we do
3:04
what we do? And I thought it's a great clip
3:06
to play for us today because I know people out there watching,
3:09
they're asking themselves the same question.
3:11
Oh, maybe bitcoins going back down to 10K, maybe I should wait
3:14
for 20 K guys, it's ripping too close to 45 K and people are
3:18
still sitting on the sidelines. When will you, the viewers,
3:22
start to believe in Bitcoin? I know here we are pretty much
3:25
all toxic bitcoiners here. This is a Bitcoin show for
3:28
Bitcoiners, but we are doing our best to try to break out of our
3:31
echo chamber. We've gotten crazy numbers on
3:33
our YouTube and it seems like people are getting excited about
3:38
Bitcoin and we're at the end of 2023.
3:42
Bitcoins been going nuclear this year, and I think 2024 and 2025
3:46
is going to be absolutely crazy. So again, we asked the viewer,
3:50
at what price are you going to buy into Bitcoin?
3:54
And I have a bunch of other receipts for the news of stuff
3:57
going on currently in real time that we're going to, you know,
4:01
maybe do some speculating on what is actually making the
4:04
Bitcoin price go up. But it's really just further
4:06
receipts and further proof that people are waking up to Bitcoin.
4:10
And of course, I'm not here alone as you can see.
4:13
I'm here with my friend Bitcoiner, best producer in the
4:16
game, Chris Alamo. And we're going to have a great
4:18
discussion today guys. So I think you're going to enjoy
4:20
this hopefully if we don't have any more technical difficulties.
4:23
But Chris, how you doing this morning?
4:24
Doing well, Athi always happy to be here.
4:26
Pleasure, love hanging out. The plebs love talking about
4:29
Bitcoin. It it was great.
4:31
We we didn't actually snuggle this time at the conference.
4:34
So you know, we got our own beds this time we're moving on up.
4:37
It must be a bull market. It must be you know, does
4:40
Bitcoin fix bad Internet though? That is the question right now
4:43
and it was not good this morning.
4:44
Yeah guys, again, forgive us. Hopefully this is working.
4:48
I will be keeping an eye on the chat.
4:50
There might be some technical difficulties, but hey, the show
4:54
goes on. We do this live, so let's get
4:57
into the numbers for today. The Bitcoin numbers.
5:05
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5:08
Is your seed phrase really secure?
5:10
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the long haul. Stamp your seed on stamp seed.
6:03
Wow guys, you should hear how it's coming on our end.
6:08
It's absolutely incredible. Anyways, anyways, anyways, it it
6:11
seems to be working. YouTube says we have good
6:13
connection. Anyways, here are the numbers.
6:15
We're over here on Clark Moody's dashboard.
6:16
You guys already know bitcoin.clarkmoody.com and my my
6:20
favorite number is always the block height tick tock next
6:23
block. It's almost like Bitcoin is
6:24
working. We're currently at a block
6:26
height of 820,000 and 34. The Bitcoin price is at 44,000
6:32
and $20. Absolutely incredible.
6:34
The stats per dollar, AKA how much your Bitcoin is worth in
6:37
Fiat terms, AKA how much Bitcoin you can buy for a single dollar
6:41
is currently at 2272 sats or for you bits Maxi's in the back 227
6:47
bits. The total Bitcoin issued total
6:51
percentage of Bitcoin that will ever be issued 93.15%.
6:54
The market cap of Bitcoin and Fiat termed $861 billion to
6:59
realize monetary inflation 1.75%.
7:02
The Bitcoin versus gold market cap at a 6.34% Guys.
7:07
Wow. Last time I checked this I think
7:09
this was last week. It was at like 4%.
7:12
It's inching up guys. The total public lightning
7:14
capacity is 5027.78 BTC. The hash rate the last 90 days
7:19
are absolutely ripping 448.3 XA hashes and the pending fees.
7:24
Oh my goodness, we were actually just having this conversation
7:26
about the mempools going crazy. 22.76 BTC.
7:31
Absolutely incredible right now. You guys should have listened to
7:34
us and consolidated your transactions a while ago, but it
7:38
should hopefully calm down and you'll have one more chance
7:41
before it really gets crazy. And then the blocks to having
7:44
19,966 blocks till the halving. And then of course the the
7:50
halving date in Fiat terms is April 19th, 2024.
7:54
So guys, I hope this works for you.
7:57
I hope there's no delay in this video.
7:59
I should have downloaded it for you.
8:01
But hey, we do this live. I thought we had this figured
8:04
out. Anyways, there's something we
8:06
keep talking about here on the show that the Bitcoin signal is
8:09
going absolutely mainstream. Bitcoin is becoming the
8:13
predominant conversation in all financial circles.
8:17
The tickers are on television. Everyone is talking about
8:20
Bitcoin, ETFs, macro. You know, we're we're starting
8:23
to feel the FOMO. I know us, us bitcoiners, we're
8:26
still a little somber. We're we're still a little PTSD
8:29
from the the bear market. But it just goes to show that
8:32
more and more people are waking up and for better or worse guys,
8:36
Bitcoin price movement is the signal that most people are
8:40
watching. Everyone thought Bitcoin is
8:42
dead. And now as the price starts to
8:44
move, we're going to see a lot of FOMO.
8:46
We're going to see a lot of people start to reconsider
8:48
Bitcoin. They're going to ask them, So
8:50
wait, Bitcoin isn't dead. And in this clip, if it works
8:53
for you guys, we have Joe Kernan.
8:56
What? This isn't Squawk Box.
8:58
This is him on CNBC and he's a full blown Bitcoiner.
9:02
What? What would you say?
9:03
What'd you say? Matt O'dell calls him our his
9:05
boy Joe Kernan. His boy Joe Kernan.
9:07
Yeah, never met him before in his life.
9:09
But he's our boy guys. He's our man out there doing the
9:13
Lord's work spreading that Bitcoin signal.
9:16
And Andrew Sorkin is like the the epitome of not to be
9:19
derogatory, but just the normie out there.
9:22
He's been watching Bitcoin for forever.
9:24
It's his job to literally watch financial markets.
9:27
And they ask. Joe Kernan asked him That simple
9:29
question. You know, when are you going to
9:31
believe in Bitcoin? When are you going to buy
9:33
Bitcoin? You've been watching it since
9:34
5K. What price point will you buy
9:37
into Bitcoin? We know the meme.
9:39
You get Bitcoin at the price you deserve.
9:40
But this is a question I think more and more people are going
9:43
to be asking themselves right now.
9:44
You know, are are you going to be waiting for 10K, the mythical
9:47
10K again? You're going to wait for 25 K
9:49
And it's something I always talk about.
9:51
It's like guys, if we believe Bitcoin is going to six and
9:54
seven figures, why are you going to wait for a little 5% retrace
9:58
when you can get exposure today and then, you know, say what you
10:02
want about and Pompilano, Anthony Pompilano, Pompilano.
10:08
But he kills it on. He absolutely slays it on this
10:11
little clip here and the signal just keeps spreading.
10:14
So let me play this video and then.
10:16
I want one thing to add. So what When we were flying in
10:19
off the I I got a bone to pick with you.
10:20
Your one buddy calls you like, like, you get all these calls
10:23
from your normie friends. Basically being like, hey, like,
10:25
should I buy Bitcoin now is literally the conversation.
10:27
You're like, yeah, I mean, it's going up right now, like, and he
10:30
was definitely asking like, is it going to go down?
10:32
Is it going to go up? You're like, I don't know, it
10:34
could go down, could go up. I think this is a good entry
10:36
point. So obviously Opti did not do a
10:38
good enough job in the bear market of Orange peeling his
10:40
buddies. Wow.
10:41
Wow. To be fair.
10:43
To be fair, he does own some Bitcoin.
10:47
But again, I think this just goes to show that the average
10:50
person that isn't fully enthralled in Bitcoin, fully
10:53
obsessed with Bitcoin. They watch the price movements
10:56
and they're always thinking the same thing.
10:58
Wait, can I get it a little cheaper?
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I'm going to wait for that price and I'm like, dude, it might go
11:02
down again. This time might be different,
11:06
who knows. But it's definitely a time to
11:08
gain some exposure. Anyways, let's watch this clip
11:10
guys, and you will see Joe just absolutely roasting Andrew on
11:15
television and Papalano doing a great job of spreading that
11:19
Bitcoin signal and and waking up people out there.
11:22
So let's watch this, guys. Michael Sandler, you know, has
11:24
had, I guess down at 17,000. There were people that thought
11:26
that he was going to get like a margin call or something.
11:28
He's back now. I don't know how much.
11:29
You bought something like how much 274,000 Bitcoin.
11:32
He's up to $2 billion on it. He made some weird comment of
11:34
the day and that was about what percentage of global financial
11:37
system in his view, Bitcoin will represent at some point.
11:39
And then he did some simple math and came out with some crazy
11:41
number. What, what?
11:42
What was it? I saw that there's all kinds of
11:43
numbers. It was like 5 to 10 million per
11:44
coin or something was what he came up with.
11:46
If Bitcoin just simply matches gold to be $500,000, it is
11:49
500,000. If it matches gold at 20 or, I'm
11:51
sorry, $10 trillion. Now if you continue to look at,
11:53
you know, other assets, it could eat into.
11:54
If you have a dollar today and you want to store wealth you
11:56
historically could have bought gold.
11:57
You could have bought fine art, you could bought all kind of
11:59
real estate whatever young people are saying to themselves
12:01
I want to buy the hardest asset I can find which tends to be
12:04
Bitcoin and it's liquid and it is the best performing asset
12:06
over the last 10 years. But it's not.
12:08
But the sailor question is how much it becomes part of the
12:10
quote financial system and does it is he suggesting that there
12:12
has to be a payments element or an actual transaction.
12:15
But he was saying gold you were saying a payment.
12:16
If it became part of the payment system it could be much bigger.
12:18
Well but it also became part of this goes back to can't really
12:20
be part of the payment system and have actual and continued
12:23
increase because as we discussed a million times if it keeps
12:25
reusing except there's there's that company we had on that uses
12:28
just little tiny little pieces whenever do it and it doesn't
12:31
matter the the little miniscule variations on a daily basis
12:34
whenever private ask about when I tell it's very simple if you
12:36
think the Federal Reserve and central base have to print
12:38
capital or print money in order to finance all this debt then
12:40
you're going to be something other than dollars and you're
12:42
still not on board. You must be curious at the
12:45
beginning, but at 25,000 you were really probably earlier the
12:49
number you once said that it hit that you think about 5005
12:53
thousand five you were really saying this is way too now it's
12:56
42. You got to eventually throw in
12:57
the top what number where you say I believe in it 100.
13:00
I just think it's a very because it's such a abstract concept
13:03
that it's like it's an existing thing, even though it's a thing
13:05
for some people. I think all money maybe.
13:07
I know it's very philosophical, aren't there?
13:10
Like you can describe why gold is worse.
13:12
It's not, it's pretty and it's not 'cause it's used in jewelry.
13:14
It's cause it's immutable, It's cross cultural.
13:16
There's only so much around and and there these are the
13:19
characteristics of money since the beginning of time.
13:20
Everybody has gold in there, right?
13:24
It's like if you understand the distributed Ledger nature of
13:27
Bitcoin, you can see that it can represent barter.
13:30
For here's one of the crazy parts about this is a lot of
13:33
people who question bitcoins efficacy or legitimacy.
13:35
They're using a worldview that is dominant in traditional
13:38
finance things like intrinsic value, things like fishing
13:39
hypothesis, etcetera. What we're watching though
13:41
Charlie Munger view of the world.
13:43
Absolutely. Yeah.
13:43
And by the way, you've been right for 50 years having that
13:45
worldview. I think that bitcoins are coming
13:46
to the market. There's a different view of the
13:47
world, something like intrinsic value.
13:48
If you and I both look at an asset and I tell you the
13:50
intrinsic values X, you say it'd.
13:51
Why obviously there's no intrinsic value.
13:52
Just what our opinion is, right. Safety with a fish market
13:54
hypothesis. I think what Bitcoin is really
13:55
doing is it's showing there's this new view of the world so
13:56
far, right? And if it continues to be right,
13:58
there will be trillions of dollars including the asset
13:59
Anthony. Papiano couldn't have said it
14:01
better guys and it really just goes to show the conversation
14:05
that we always have. You know we we have this
14:07
constantly with with ourselves here.
14:10
You know we we try to do our best to avoid speculating on the
14:14
Bitcoin price. Yes, we understand how important
14:16
the Bitcoin price is in regards to people watching Bitcoin.
14:20
But like Joe said, once you understand, you know, 21 million
14:24
hard cap, censorship resistant money, something that cannot be
14:27
debased, something outside of the system.
14:29
And as as the meme goes, something that's going to go up
14:32
forever, you start to understand, wait, there is
14:35
something more going on here. And I really loved how Pomp said
14:39
it at the end. What we're all doing here as
14:42
Bitcoiners is we understand that there is a totally different
14:45
system. There's a different way of doing
14:47
things and you might want to hold some just in case it
14:51
catches on. And we're seeing in real time
14:53
that it is catching on. And so for the person out there,
14:56
the viewer out there, that maybe you by chance fell into the show
15:00
today, you know, you're you're asking yourself, you're Googling
15:03
what's going on with the Bitcoin price and you saw the title,
15:06
when will you believe in Bitcoin?
15:08
And so I just want to ask you, the viewer out there, what is it
15:11
that's going to take you to believe in Bitcoin?
15:13
What what it took? You know, Chris and I are
15:15
different, but we all eventually get to the shelling point of,
15:19
wow, this Bitcoin thing is not going away.
15:22
We just had a 80% retrace and now it's pumping again.
15:26
Wait, Bitcoin didn't die and maybe I should get some.
15:30
Maybe the price is never going to go back down.
15:33
And I'm, I'm always wondering what is it to get people to
15:37
start to stack Bitcoin, to start to understand Bitcoin?
15:40
Does it need 1000 hours of education to start to understand
15:44
Bitcoin? Or is it you just see some price
15:46
appreciation, you FOMO into it, you come for the money, you stay
15:49
to fix the money, and then you understand.
15:51
Wait, these crazy Internet nerds have the best money in the
15:56
world? They know what they're doing.
15:57
They are fixing the system slowly but surely, one block at
16:00
a time. And here we are guys, we're on
16:02
the front line. And I'm sure someone just said
16:04
in the chat, I I can't pull it out right now or else my
16:07
Internet will will blow out on me.
16:09
It's like I just got my first should I buy text?
16:12
Guys, this is the beginning of a should I buy text?
16:15
And we were actually having a conversation with Jacob
16:16
yesterday. He's like, yeah, like how do you
16:18
feel about the price going up? Like, this is my first bull run.
16:21
I I don't really know how to feel.
16:23
I'm like, you know, it feels good to have your purchasing
16:25
power increase, but it's just another day in Bitcoin.
16:28
This is crazy parts of the roller coaster.
16:31
And once you understand there's no going back to the Fiat
16:33
system, we're trying something new because the Fiat system,
16:36
it's either designed to work in this way to exclude all of us
16:40
from it, or it's broken. And either way isn't a good
16:44
answer for us average people. So, Chris, what's your thoughts
16:48
on this video? Was there any Nuggets in there?
16:50
And what do you think it's going to take for someone to start to
16:53
believe in Bitcoin and believe maybe is not the best word
16:57
because I don't, I wouldn't say it's necessarily a belief
16:59
system. You know, they have that idea
17:00
like, oh, money's just a belief system.
17:02
It's like, no, But at a certain point, you build your conviction
17:05
in Bitcoin and you understand what you're doing here and
17:07
that's how you're able to weather all the storms.
17:10
So Chris, what's your thoughts? So I just want to give a shout
17:12
out first to our boy friend of the show, Joe Kernan.
17:15
Orange pound the masses. We may or may not have ever met
17:20
him or even associate ourselves or even talked with him, but
17:22
he's out there. Orange fill in the masses.
17:24
I think he had a great important question to Andrew Sorkin that
17:26
was kind of like, what is your price that you're going to get
17:29
in at? What he's like?
17:30
Oh, well, he's kind of like this thing and it's an abstract
17:32
concept. And obviously Pomp and Joe are
17:34
kind of taking the other side of saying like, no.
17:36
Like there's a point that you want to get in.
17:38
I think Pomp even kind of criticize Andrew Sorkin saying,
17:40
oh, if it fell the 5K, I'd get a little bit for my kids,
17:43
obviously, But no. No, no, he said.
17:46
His price was 5K and that's when he gets some for his kids.
17:50
And now we're at 44 K just touch 45K and he's still on the
17:54
sidelines. Like, wait, maybe it's just a
17:57
belief. Maybe maybe I shouldn't buy some
17:59
of this, Like, what's going on here?
18:01
Yeah, no, I agree. And it's like Joe had the great
18:03
point of like at what point are you, do you want to get in
18:06
first? You know the best thing to do is
18:08
front run BlackRock and all these ETFs that are coming out.
18:10
You can do that now. We still haven't had the ETFs
18:13
approved. You can get it.
18:14
And then even the best thing is you can give Larry Fink the
18:16
middle finger when he's like, hey, I'm trying to get into this
18:18
ETF thing, trying to buy some Bitcoin and you don't have to
18:20
sell to Larry Fink. And I'm sure that he does not
18:23
like having things not sold to him being one of the largest if
18:26
not the largest asset manager in the world.
18:28
So buy some Bitcoin front run Larry Fink and all the ETFs.
18:32
Well, well, I couldn't agree more, Chris, but I want to ask
18:36
you the question that, you know, I, I'm guessing you still have
18:40
some normie friends, some. What do you think it's going to
18:44
take for them to start to understand Bitcoin?
18:46
It's just going to be price ripping?
18:48
I think so. There's two things.
18:50
I think it's price ripping or pain.
18:52
I hate to say it like that, but it's like at what point is it?
18:55
Is it inflation becomes too painful, Your purchasing power
18:58
erodes too much in the dollar or other assets that you have at.
19:02
At what point is it your 6040 bond stock bond portfolio is not
19:07
performing anymore and Bitcoin still is outperforming both of
19:09
those. So it's kind of one of those
19:11
things. It's like, you know, I can't buy
19:12
a house. You know, my retirement
19:14
portfolio is not keeping up with inflation.
19:16
At what point is it like, do you jump on the life rafts?
19:18
I hope a lot of my normie friends, you know, obviously
19:20
we're trying to get them on the life raft sooner rather than
19:22
later. But it's kind of one of those
19:23
things. Everyone gets the Bitcoin at the
19:25
price that they deserve. Yeah, I couldn't agree more.
19:27
I couldn't agree more guys. Hopefully the audio isn't super
19:31
choppy. I see someone say why so choppy?
19:33
I guess this Internet in this hotel isn't that good guys.
19:36
So we're doing our best. I tried to fix it for you guys,
19:39
but hey, the show goes on. We we didn't want you guys to
19:43
wait longer in the chat for us anyways, we are in Vegas but we
19:48
will be taking over Nashville shouts out to the boys over at
19:51
Bitcoin Magazine Bitcoin Conference 2024.
19:54
You can get yourself tickets today and we do this every year.
19:59
We go through the same song and dance.
20:01
You guys complain about the price.
20:02
The price goes up, the conference comes and you FOMO
20:06
into getting a ticket. Well use the code simply.
20:09
You can get a discount and it's the cheapest the price is going
20:12
to be. Right now we want to see you in
20:13
Nashville. We're taking over Nashville
20:15
anyways. Chris, jump in.
20:16
Yeah, no. So obviously you get the simply
20:17
code, but also if you pay in Bitcoin, you get an additional
20:20
discount. So I'm saying you know you can
20:23
even kind of like fudge it like use an exchange send front, like
20:26
you know basically instead of getting the tax taxable issue,
20:29
you could use like I know strike, you can fund it with
20:31
dollars, pay like you were going to pay with a credit card or
20:33
dollars and then use the lightning network to pay for it
20:36
and you get discount for simply code and you get a discount for
20:38
paying in Bitcoin. So that's the cheapest and best
20:40
way to do it in my opinion. Let's go.
20:42
We got to remember that one when we, when we keep plugging the
20:46
conference, pay Bitcoin. I think you get up to like 21, I
20:49
think you get up to 21% off, you get 10% for simply and then you
20:52
get 21% for paying a Bitcoin off, so.
20:54
So no excuses for the tickets being too expensive.
20:57
If you want to make it, if you haven't made it to one, you need
21:00
to make it to a Bitcoin conference.
21:02
This is the biggest one in the world, and it's it's like a
21:07
Mecca. It's a Mecca trip.
21:08
Yeah, and I'll I'll caveat one thing.
21:09
So I know a lot of people are like, oh, you can't pay for
21:11
Bitcoin. You just have to enter in your
21:12
e-mail or an e-mail associated with it and then it'll give you
21:16
the the QR code or the code or the address to pay in Bitcoin.
21:20
I know a lot of people are like, what?
21:21
What the heck? You can't pay for conferencing
21:22
with Bitcoin. I promise you can.
21:24
You just need to have an e-mail so we know to send the
21:26
confirmation when you pay with it.
21:28
Let's go. All right, guys.
21:29
Well, I hope to see you guys in Nashville, but let's get on to
21:34
the rest of the show. We got a lot of talk about here.
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22:49
This is neck level all right guys, so I don't really want to
22:53
go over all the Bitcoin ETF Macronews.
22:56
But considering the theme of today's show, when will you be
23:00
buying Bitcoin? Like at what price will you buy
23:03
Bitcoin at? You know what evidence do you
23:06
need to continue to get you interested in Bitcoin?
23:11
The theme remains the same. Where we are right now, Bitcoin
23:14
is becoming mature. It is legitimizing in the eyes
23:17
of traditional finance. And I know the Bitcoin ethos is,
23:21
you know, F tradfy, like This is why we Bitcoin is because they
23:25
blew up the financial system. Why should we care?
23:28
You know why do the suits have to come in to mature the the the
23:31
space. And it's kind of one of those
23:33
things that like, this is where we are guys and the average
23:35
person out there, for better or worse, they're not going to
23:38
listen to you. Anon, You know, we've been doing
23:40
this for a long time, hence why we show our faces all the time.
23:44
So we're seemingly normal people here.
23:46
But the theme remains the same. The Bitcoin ETF will be
23:50
approved, and we just saw Bitcoin rip.
23:52
It's at what it touched, 45 K It's a 44K right now, it's this
23:58
year, it's gone up, what, 150 plus percent?
24:02
All the evidence is showing that Bitcoin is, I was going to say
24:06
back, but it's never left. And you know, here we got the
24:10
CEO from Grayscale. I know what you'd say about
24:12
Grayscale, but it's the same theme.
24:15
It's not a question of if the Bitcoin ETF will get approved,
24:19
it's when. And now we're hearing rumors
24:21
that it's probably going to get approved around, you know, the
24:23
first first month, maybe January 10th, ish, is kind of what we're
24:26
all talking about. And the latest theme is all of
24:29
us bitcoins like, well, what is making the Bitcoin price rip
24:33
right now? Like, is it the Bitcoin ETF
24:35
rumors? Is it because there's some
24:37
convicted buyers? Like what is exactly going on?
24:41
We're seeing that traditional finance maybe there's signs of
24:45
things breaking. You know, we saw gold rip.
24:47
I have the gold chart for you guys and it all just kind of is
24:51
culminating in this perfect storm of wait.
24:55
Is there cracks in the dam? Are people waking up?
24:58
Are people flying to quality? Are they seeing what we're
25:02
seeing? And now that we're going to see
25:04
a a ETF, we're going to see the liquidity from institution pop
25:08
into Bitcoin. It really makes you wonder just
25:11
how much capital is going to get into Bitcoin.
25:13
Everyone is getting absolute or actually everyone is absolutely
25:16
bearish because I don't think we're bullish enough when we
25:20
understand that Bitcoin is maturing in real time.
25:23
So much capital and liquidity is going to get into Bitcoin coming
25:26
up and it's just going to blow your mind.
25:28
And we covered this actually. Chris, do you want to pop in
25:31
there a little bit? Yeah, Yeah.
25:32
I think looking back now that looks like we're going on a new
25:35
bull run or you know obviously the price is appreciated over
25:37
160% this year so far. I think looking back at the last
25:41
bear market is, you know, everyone was saying, oh, we're
25:44
we're maturing as an asset class.
25:45
The suits are coming. But look, the thing that I take
25:48
away from this is the suits got absolutely fucking wrecked.
25:51
The Gemini, the Genesis, the FTXI mean you've got some more
25:56
of the the, the degens, as well as the block FIS, the Celsius,
25:59
the voyagers. But the suits are like, hey,
26:00
we're the adults in the room, we're going to regulate this
26:02
imagery, you know, regulate me harder, Daddy.
26:05
That's what FTX wanted. And only they got wrecked, which
26:07
I think just goes to show, like you're your own best advocate.
26:10
You know, I'm saying, you know, advocate for yourself, buy
26:13
Bitcoin, self custody it yourself.
26:15
Don't do any of these ETFs. Yeah, I'll gladly let them pump
26:18
my bags and my purchase price. But at the end of the day, I
26:21
think, you know, the path forward is of most pain.
26:23
And I think these ETFs, you know, we haven't seen it yet.
26:26
But after they get approved, I could definitely see, you know,
26:28
a case where they accidentally are sending Bitcoin to an
26:30
address they don't have. Maybe they're just like
26:32
rehypothecating it, like making more ETF shares than there are
26:35
available of Bitcoin on the market.
26:37
So don't let that be a risk for yourself.
26:39
Take Bitcoin in self custody, buy it yourself, hold it
26:42
yourself. And you know it's going to be
26:44
hilarious to watch the suits get absolutely wrecked in the next 4
26:46
to 8 years from here on out. So yeah, that's just my 2 stats
26:50
on. It it's going to be glorious.
26:51
Not just hilarious but yeah it it just goes to show guys and
26:55
and we're huge advocates of you guys not buying the the spot big
26:58
or yeah, an ETF at all. Any ETF you want to hold spot
27:02
Bitcoin. You want to hold the actual
27:04
asset and yeah, for better or worse, people are going to buy
27:07
this spot ETF, but you want to hold Bitcoin.
27:12
One more important point, I mean obviously BlackRock, they had,
27:16
they actually just amended their ETF, the iShares ETF, they had
27:19
21 provisions or revisions to it.
27:21
What's is that bullish? I don't know if it is but one of
27:23
the the numbers. 20. One, the numbers 21 revisions
27:26
that they had in their application.
27:28
One of the things that stood out though and shout out to Joe
27:30
Carlos, sorry was pointing out that they changed the provision
27:34
in there. They the SEC required this or
27:36
wanted this that they want the option to call Bitcoin a
27:39
security. I know bitcoiners we don't play
27:41
in security, but one I. Missed.
27:43
That one of the lines in there was saying that they wanted
27:45
Bitcoin to be it's they have not changed the definition they
27:48
still treat it as a commodity but they want the optionality to
27:51
potentially read like to back change or change Bitcoin from a
27:55
commodity to a security. In the language it I forgot the
27:57
the lawyer in the language, but the language is like, hey like
28:00
Bitcoin's seen as a commodity now but is pending, can change
28:03
in the future or something along those lines.
28:05
Incredible. As you can see we we've been
28:07
seeing this year then especially the last couple of months a ramp
28:10
up on the on and off ramps and and this really just kind of
28:15
goes to show that the quote UN quote adults in the room are
28:19
trying to come in here and stranglehold Bitcoin and you
28:24
know put a a round peg in or what's a square peg in a round
28:27
hole so that they can become the official custodians and the
28:31
official on and off ramps of these bitcoins so that they can
28:34
try to you know try try to hurt Bitcoin.
28:38
Anyways, Chris, if you want to add a little more before I I
28:40
move into some of this other stuff to give people some more
28:42
receipts, by all means. No, I mean I guess I just think
28:45
that's very important that the SEC wants, they want control
28:48
everyone in the in the room, it's right now a power game.
28:50
Everyone wants control. Everyone wants to control
28:52
Bitcoin. As you guys know you guys listen
28:54
to the show, no one one person controls Bitcoin.
28:56
You self sovereignly control Bitcoin by running your own
28:58
node, holding your own keys. So that's just my two sets.
29:01
Love it, love it. And on that note guys, you know
29:05
I saw this tweet, we tweeted this out a couple of days ago.
29:10
I think there was some bad math that was going around on
29:12
Twitter, but the point remains the same.
29:15
So the Twitter here, the tweet that we posted this was
29:17
September 12th, couple months ago is the e-mail of Qatar
29:22
landed in El Salvador. He had a conversation with Naib
29:24
Bukele about investing in El Salvador and understanding how
29:29
his investments are going what they are and maybe he's trying
29:33
to find some exposure somewhere. Well this tweet this morning
29:36
from Caitlyn Long and you guys know Caitlyn Long she started
29:39
custodia. She is you know 1 foot in
29:42
tradfly maybe maybe one toe in tradfly and the the other nine
29:47
toes in Bitcoin and she quote tweeted us this morning she goes
29:51
I caught up with a big big corner and investor in Bitcoin
29:54
infrastructure cause like companies who said he doesn't
29:58
think this rally is all about the spot ETF.
30:00
He thinks it's about this too. And he's quoting, quote,
30:03
tweeting, pointing down to the idea that some interested buyer
30:09
in Qatar in the Middle East is starting to gain exposure in
30:12
Bitcoin. And she goes, I missed this at
30:14
the time, but looking into this this morning, it seems there
30:17
wasn't much coverage of this. And it just goes to show that
30:20
once we get the floodgates opening up one interested buyer,
30:24
things are really going to go into a new paradigm.
30:27
And we're seeing even more receipts this morning.
30:30
Individuals and businesses in Lugano can now settle taxes,
30:33
fines, and other invoices from the municipality in Bitcoin.
30:37
Of course bitcoiners are, you know, this is probably a
30:39
contentious, contentious topic here, but it just keeps showing
30:43
that everywhere around the world, countries, nation,
30:45
states, corporation, interested investors, high net worth
30:49
individuals, they're all looking for some exposure.
30:52
Again, I'm going to bring up gold chart and I and I know
30:55
everyone in the chat's going to kind of shit on the gold chart
30:58
because hey, we're bitcoiners. We think Bitcoin is better than
31:00
gold. But one thing is for sure, I
31:03
think people are going to look for quality.
31:06
There is a flight to quality right now.
31:08
Are we seeing this happen in real time?
31:10
I think only time will tell. Of course we didn't have the
31:12
playbook here. I say it all the time, someone
31:15
that is trying to get their exposure in Bitcoin, they're not
31:17
going to tell you up front that they're buying all this Bitcoin.
31:19
They're going to flood Bitcoin, They're going to stack their
31:21
bags and then eventually once their bags are packed, they're
31:23
like, Oh yeah, we love Bitcoin, let the price rip.
31:26
Anyways, another news story that came out, companies in Japan
31:29
would no longer have to pay tax on unrealized gains under the
31:32
proposal rules per Nokia Asia. And as we say here, the game
31:37
theory is an action. But that's not all.
31:40
The reason I'm bringing all these receipts today is, again,
31:44
I'm trying to figure out ways to get the average person out
31:48
there, the guy that's kind of has some interest in when will
31:50
you get into Bitcoin. We see an ETFs about the drop.
31:53
We're seeing more and more nation states, at least at the
31:56
very least talking about Bitcoin, talking to bitcoiners
32:00
and wondering, wait, maybe I need to get some exposure.
32:03
We're seeing, yes, in the US and actually there was a better
32:06
tweet in here by Caitlin. Yeah, here we go.
32:09
So is this the one? Yeah, Lawrence, Lopard responds.
32:14
Him has it right there is a sovereign bid and then Caitlin
32:17
responds. If that's true, then the US
32:19
looks even more foolish for pursuing Operation Choke .2
32:22
Point O I've known about a major US based multinational company
32:26
that has been using Bitcoin since 2014.
32:28
It's been obvious for a while that Bitcoin would proverbially
32:32
tip. Meanwhile, in the US, they are
32:35
just slamming themselves in the ground.
32:38
They are wrecking themselves. The game theory is going on
32:41
around the world. People are waking up to Bitcoin.
32:43
They're waking up to, Oh my God, no one person, no one country
32:47
controls this. We've been seeing and covering
32:49
it all year long. What bricks are doing?
32:51
They're angling to drop the dollar.
32:53
We're seeing that people are dropping Treasuries.
32:56
Like it's all heating up for a perfect storm when the media and
33:00
the Bitcoin price starts to rip. But the signal here I think is
33:04
what we keep saying all the time on the show.
33:06
It's not just that Bitcoin is going up, it's that Fiat is
33:09
crashing. It is losing its purchasing
33:12
power in real time. It's losing its place in the
33:14
world. And as we say, you know, stay
33:15
humble, stack sats and spread the word of Satoshi.
33:18
And just to show you guys a chart, because I'm a visual
33:20
learner, I'm over here on Google, you know U.S. dollar to
33:23
Bitcoin and just look at Bitcoin crashing this this year.
33:27
And I I yeah, the dollar crashing against.
33:31
Bitcoin against Bitcoin. Exactly.
33:33
And look like. I don't know about you, but the
33:37
meme of $1.00 equals $1.00 doesn't look that strong when
33:41
you price it in Bitcoin. And if we zoom out all the way
33:45
from the beginning, the dollar is an absolute shit coin.
33:49
It is absolutely destroyed. And this whole rant kind of
33:54
started the other week. I think there's the beginning of
33:57
the week I actually this started on Sunday.
34:00
You know I don't hold gold, I wear gold, I like gold.
34:03
It feels good. I think it's pretty, but I don't
34:06
personally invest in gold. But what we are seeing is that
34:10
gold is still basically one of the store values.
34:14
It's one of the safe assets for people When things get crazy,
34:17
they go into gold. And we saw over the weekend that
34:21
gold hit an all time high. It had an actually huge, huge
34:25
what looked like a scam Wick. If we're being completely honest
34:28
here and actually Chris, I don't know if we want to talk about
34:32
this, but Chris told me a pretty interesting story in regards to
34:35
gold markets and investors. I don't know if we, I don't know
34:38
if I want to put your your business out there, but let's
34:41
just say if you watch Dumb Money, I don't know if you guys
34:43
seen Dumb Money, it was a pretty good movie.
34:46
But remember when GameStop and Robin Hood, they stopped trading
34:51
of GameStop on their app? Well, let's just say maybe a big
34:55
guy that you guys are all knowing and saying in the chat
34:57
may have made a phone call and said basically the metallic line
35:00
of hey guys, can you please stop trading gold right now?
35:04
Chris, do you want to chime in on this or is this is this too
35:07
much sauce that we don't want to blow up our friends?
35:10
You know Opsec here. No, I I could say this story and
35:13
I I won't go into any any personal details.
35:15
But basically you know obviously gold is centralized a lot of
35:19
times it's centralized in banks, central banks obviously.
35:22
But a lot of times if a trade is going against let's just say one
35:25
of the too big to fail banks and they can call some up at the
35:29
treasury or the Fed and basically be like hey like we
35:31
got to unwind some of these trades or you know we, hey, if
35:34
we're really long, you know you need to say people can't sell
35:37
short anymore or we can't go, you know we we're short, you got
35:41
to stop selling long and we actually saw this in 2008.
35:45
You were no longer allowed to short sell bank stocks.
35:47
So obviously the banks are in the pockets of the regulators
35:50
and the regulators protect their own.
35:52
So you know at the end of the day, it's like these too big to
35:55
fail banks, you know, it's heads I win, tails you lose and that's
35:58
kind of the way they see it. So you know, if the gold market
36:00
starts ripping, who's to say that they don't take, make a
36:02
call, be like, hey, we were short gold, we got to call some
36:04
friends to make sure that, that we don't get blown out.
36:06
Yeah. Who's to say this is all
36:09
hypothetical? Obviously completely
36:11
hypothetical here, but it just goes to show guys like Gold, it
36:16
just hit an all time high. You can see this chart What the
36:19
last the last top that we just passed in.
36:23
What is this 2012? You look at this chart, this,
36:27
this goes back for the 80s the the late 70s and gold just broke
36:34
its all time high. It's almost looking like a cup
36:36
and handle. I'm not much of A trader here
36:38
but it's looking like people are looking for alternatives.
36:41
What is gold and Bitcoin saying about the global markets?
36:45
Of course I got the all time chart here of Bitcoin.
36:48
It's up and to the right. It's pumping.
36:51
We just touched 45 K we're at 44 K it's been up 150% this year
36:57
and even gold is up. Like what is going on in the
37:01
markets, I don't know, but it does look like the flight to
37:04
quality is happening in real time.
37:06
People are looking for alternatives.
37:08
We're seeing ETF is right around the corner.
37:11
We're seeing nation states, more than just El Salvador, a tiny
37:15
country start to embrace Bitcoin.
37:18
We're seeing the interest levels raise.
37:20
We're seeing corporate press talk about Bitcoin every day.
37:23
They have their ticker on there all the time.
37:25
We're seeing a Bitcoin maxi like Joe just absolutely destroy his
37:29
Co host. Guys, I am very convinced that
37:33
the next year or two, this bull run that we're finding ourselves
37:37
going into, it's going to be an absolute Ripper.
37:39
You want to start stacking today.
37:41
If you're on the sidelines, you want to have exposure.
37:44
Of course you know DCA your way through it if you want to or do
37:48
what I do capitulate your feet out as soon as possible.
37:51
But guys it just I think I think we're going to be very surprised
37:54
in 2024, early 2024, the announcements coming out from
37:58
people. Anyways, Chris, what's your
37:59
thoughts on this? I think you missed the most
38:01
important chart. You didn't show Bitcoin like
38:03
gold price in Bitcoin because that even though is is not fully
38:07
down. So I think that that's an
38:08
important chart to show that basically even though gold is up
38:11
on the year in Fiat terms, it's actually not at its peak
38:14
adjusted for inflation. I think that was the 80s or the
38:16
late 70s was the time that it was at its true peak.
38:19
When you're just for inflation, and I mean the price of gold in
38:23
Bitcoin, I mean it's just like, you know, down to the right,
38:26
basically showing that Bitcoin is way outperforming it.
38:28
So let's see if we can pull this up on the fly we're doing.
38:31
It live. We're doing it live.
38:33
Let's see. Is it this one?
38:36
Let me pull this one up. I don't know if my internet's
38:40
going to work. Historical.
38:48
I don't know if this one works I.
38:49
Don't know if this one works, we we can, we can skip it.
38:51
But basically, if you guys look up the chart, obviously Bitcoin
38:54
is way further up then, you know, priced in gold.
39:00
Well, just just for like a little quick conversation
39:02
because Chris is, I would say he's right side of the bell
39:06
curve, big corner. I'm left side of the bell curve,
39:07
big corner. But it's so interesting that
39:12
there's basically 2 hard monies in the world.
39:13
You know, it's Bitcoin and it is gold.
39:15
And even though people say like, oh, U.S.
39:17
Treasuries are the safest asset, anyone worth their salt in the
39:22
financial world, they're going to probably go into gold.
39:27
Like the central banks hold gold for a reason.
39:29
They're literally like, here take my papers, we're going to
39:31
hold the gold. But it just goes to show that
39:34
when things get crazy and we are in a time of uncertainty, they
39:38
are going to go into hard assets.
39:40
And if the Bitcoin price is ripping, if the gold price is
39:44
ripping and Bitcoin is just outperforming even gold, I think
39:48
that's just more proof for the average person out there.
39:51
When you show them the charts, they're like wait go wait,
39:55
Bitcoin is better than gold and I don't even like the Bitcoin is
39:57
gold two point O or whatever like that.
39:59
I think that's a bad meme. Bitcoin is much more than that.
40:02
It's it's high-powered money for the digital world and it is
40:06
starting to lose that commodity money value and look to become
40:11
the monetary asset of the world. And I I don't really talk much
40:14
with gold investors but my my dad he he always texts me like
40:18
Bitcoin goes up. He's like gold's going up too.
40:20
I'm like Congrats dad on your two 3%.
40:23
Love you bro. Like you need.
40:25
More Bitcoin. Anyways, what's your thoughts
40:27
on, you know, someone that says, oh I like Bitcoin, but I like
40:31
gold more? You can out hold both if you
40:33
really are that tied to your gold you can you can wear it and
40:36
then hold both I I think that might be I know Lawrence Lapard
40:38
is a big gold and Bitcoin bug and yeah I mean I'm not who's to
40:42
tell you that you should or shouldn't have other assets but
40:45
I definitely think you should hold some Bitcoin so.
40:49
Yeah, we we definitely don't tell you what to do here.
40:52
We're just like, hey, this is what we like.
40:54
This is what we're seeing. We.
40:55
We. May be both hearted, but we may
40:57
be both hearted here. But in love.
40:59
Love the orange coin. But hey, you do what you hey.
41:02
I mean, like gold bugs, for better or worse, are the
41:07
predecessors in the hard money gang.
41:10
They they held it down for a long time.
41:14
Oh, Sophie isn't. Oh, man.
41:16
This is going to be good. Hold on.
41:18
So let Let's get in. Let's get into the culture.
41:20
I think you guys are going to like this one.
41:22
All right guys. Before we go on though, shouts
41:24
out to the boys over at Kaboom Racks.
41:26
I absolutely love the whole team.
41:27
Get in touch with Alex Kaboom Rack.
41:30
I think he's at Alex Kaboom Racks on Twitter.
41:33
They will give you white glove service If you want to buy a
41:35
six. You want to sell your A6.
41:37
If you want to host with them, they got that download their
41:40
firmware. If you have an ASIC and you're
41:42
running, you know, standard firmware updated to the kaboom
41:46
racks. One get you all nifty and
41:48
glowing and get you all the little perks.
41:50
But also guys, you know the deal.
41:52
Here my boy Alex, you can probably convince you not to buy
41:56
a six, even though it's his job to tell you to buy a six.
41:59
So if you've been thinking about getting into Bitcoin mining, get
42:03
in touch with them because they will literally answer all your
42:06
questions. They're in Telegram all day.
42:08
They respond super quickly. They are the goats.
42:10
I absolutely love everyone over at Kaboom Racks.
42:12
They are big corners for big corners.
42:14
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42:16
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42:18
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42:49
Yo, what's good? From Las Vegas, I can barely
42:57
hear anything. Through for us.
43:03
Oh, there you go. There she is.
43:04
There she is. All right.
43:06
What are you doing over here? What is good from Las Vegas,
43:09
everybody. Since I didn't bet on any shit
43:12
coins, I thought I would try my hand at the slot machines.
43:16
Look at all the pretty lights. You know, one thing you can't do
43:19
here is spend your gold gains. I wouldn't spend my Bitcoin
43:24
gains either. I actually don't bet at all.
43:26
I just like to walk around and look at the pretty lights.
43:29
But if you guys are here in Vegas, make sure to stop by the
43:33
D Hotel for Uncompuscatable. This is such a fun event.
43:38
We've been having a great time so far.
43:40
The early registry starts today and the actual conference starts
43:46
tomorrow. So if you want to look at some
43:48
pretty lights, if you want to have some fun with your newly
43:52
fresh Bitcoin gains, I wouldn't recommend it.
43:54
But if that's your vibe, this is the place to do it.
44:01
All right, well said. I'm like a little kid in an
44:04
arcade. Look how cute.
44:07
Well, you know what I heard this morning?
44:09
I heard that this hotel actually accepts Bitcoin I so I I didn't
44:14
know but I think that's why tone picked the D hotel.
44:19
There is a Bitcoin ATM in the lobby I I wouldn't recommend
44:24
using it they they literally they're asking for for your
44:27
phone number and e-mail I'm. I'm going to look.
44:30
For yeah. Yeah, so go go up to it right
44:32
now. So go into the check in and it's
44:34
right across the check in, right by the bathroom.
44:37
They have an ATM there. Yeah, right.
44:40
Literally right across from there.
44:41
I I know where you are. Right across the bathrooms, like
44:44
next to the elevator. No.
44:45
No. Right.
44:46
Like, right, right by the bathroom.
44:48
No. OK, wait.
44:49
This is this is a regular ATM. No, there's one, there's there's
44:53
a Bitcoin one. It's right across the way from
44:56
the check in. It's in the lobby right there.
45:00
I don't know. You'll you'll have to find it's
45:02
it's right there. We'll take some pictures and
45:04
some. Videos of this thing.
45:05
But anyways, let's see. You're you're lagging.
45:10
Yeah, yeah, yeah, it's right there.
45:12
It's in the lobby. It's almost like right when you
45:13
walk in the. The Bitcoin is in the machine.
45:17
Yeah, the Bitcoin is in the machine.
45:19
But yeah, don't, don't. I wouldn't use it, guys.
45:22
It's telling you, the KYC, we were trying to just see what the
45:24
fees were, but apparently they accept Bitcoin here.
45:28
They have an ATM. So just absolutely.
45:31
Let me see, let me see where you're at.
45:32
Let me see where you're at. Here this.
45:34
Is the entrance and then. It's to the right, Like if
45:38
you're walking in, that's checking.
45:42
The check in? Yeah, to the right.
45:44
It's like behind it's I I can't really tell.
45:47
Oh, I found it. I found.
45:48
It I found it. I found it, but they call it a
45:52
crypto kiosk. I don't know.
45:58
Let's see. Sell crypto for cash?
46:00
Oh shit, yeah, no. It says buy Bitcoin, buy
46:03
bitcoins, sell bitcoins. So you can literally come to
46:07
this place, sell some of your Bitcoin and then gamble it away
46:11
if you didn't already do it on finance.
46:17
Oh, man. All right, well guys, if you are
46:19
in Vegas, say what's up to us? We will be live streaming
46:23
tomorrow. We're going to be live streaming
46:25
the whole conference. I I don't know if we're going to
46:28
do a a show from the floor, but we will be having all the
46:32
conference stream to you guys. We will be getting interviews
46:36
and on that note, So what are you, what are you up to?
46:39
Are you going to Are you going to gamble on some shit coins?
46:41
The original shit coins? No, I can barely play roulette.
46:45
I got wrecked in roulette yesterday.
46:49
Oh my goodness, I don't. Think gambling is for me.
46:53
And if gambling is not for you, you want to buy the hardest
46:56
money that ever existed. People always say, oh, Bitcoin
47:00
is such a gamble. Bitcoin is like so volatile, why
47:04
would you spend? Why would you invest in Bitcoin?
47:06
And the reality is that it's the best performing asset in the
47:09
last 10 years. It's the best performing asset
47:11
you're today. If you would have bought at the
47:13
beginning of the year, you would already be well, way over 2X.
47:16
And it's the most conservative money like investment really
47:21
known to man. So I mean, if this is your
47:24
thing, you might as well go on finance, but if you really want
47:27
to protect your assets, big point is for you.
47:30
Well well, Sophie, I don't know if you can see the chat, but
47:33
your your toxic alter ego says at Simply Bitcoin.
47:37
The crypto kiosk next to the toilet makes perfect sense now.
47:44
Oh man. It's actually next.
47:46
To the to the gift shop, Which is kind of equally as poetic
47:53
because they overcharged the shit out of you for everything
47:56
at that store. Kind of close.
47:58
All right. So well, thanks for popping in.
48:01
Thanks for doing the influencer Bitcoin pop in guest appearance.
48:05
But guys, we heard you. And so, peace out, I'm going to
48:10
pull you behind the scenes. I'll see you in a little bit.
48:12
Bye. Guys, guys, we heard you.
48:17
We brought the meme review back today, so you know, we're we're
48:20
going to do it less, but we will not completely eliminate it.
48:25
You already know the deal. We have to do the memes.
48:28
We we were thinking about it yesterday.
48:29
We actually had a conversation. We'll probably do it, at least
48:33
for sure, every Friday, and then throughout the week you'll just
48:37
have to, you know, you'll just have to show up to know whether
48:40
your meme is on the show or not. So let's get into the meme
48:43
review, guys. The Daily Meme Review.
48:56
Show guys, I I'm really, I'm really surprised that the
49:01
Internet and the stream is is doing so well because you got
49:08
his back end over here is absolutely incredible.
49:10
Anyways, you already know the deal.
49:12
This is the meme review where you guys send us memes, tag us
49:16
on Twitter, drop them in our telegram group.
49:18
T dot me slash simply Bitcoin TV.
49:20
We're simply Bitcoin TV on Twitter.
49:22
We appreciate the memes. We love the memes.
49:25
You know we're never going to get rid of the memes.
49:27
Memes is part of our lifeblood. It's part of what we do here.
49:31
But we're trying to give you guys as much signal as possible.
49:34
Packed into an hour and we notice that besides the cult
49:37
cult following out here, most people leave at the memes guys.
49:41
So you know, we're trying to provide as much value for you
49:43
guys anyways. Tweets of the bullets Memes
49:45
artillery. We are in an information war.
49:47
It's upon us as individuals to spread the signal to wake up our
49:51
friends and family, and of course to ridicule the corporate
49:55
press. And the first one shouts out the
49:57
toxic cat I I. Can take this one.
49:58
I'll take it. Oh.
49:58
OK. All right.
50:00
For for you know, my fiance likes Jay Bieber.
50:02
So this is a a beautiful picture of Justin Bieber looking like a
50:05
hobo with his his wife Haley Bieber.
50:07
And it says all the mainstream growth first pretending they
50:10
believed all along and then Bitcoin at 42 K This is a good
50:14
one. This.
50:15
Is it was a good. I mean, I kind of knew Sophie
50:17
was going to be here, but, shouts out the toxic cat.
50:19
I'm like, this is a good one, you know?
50:21
Hey, low key love Justin Bieber ish, but I'm I'm a bigger Hayley
50:25
Bieber fan. If if you guys could guess why?
50:28
I mean, let's be honest, this is going to be all bitcoiners in
50:30
the future. You know, we look like, you
50:32
know, grimy as hell. And this is our our our
50:34
girlfriends, our wives. Yes.
50:36
Yes, this is the way. This is the way.
50:38
OK, this next one on the same thing we have here.
50:41
Dan Webb, AKA what's it? Heartland Bitcoin.
50:44
HRTLND Bitcoin on Twitter and he goes Are you ready for another
50:50
Bitcoin influencer cycle? And you can see the influencer
50:54
cycle here. We have influencers jumping on
50:56
the Bitcoin bandwagon. Who we have, We have Rogan,
50:58
Paris Hilton, Tom Brady. And then it goes oh and then
51:02
bitcoiners cheer current influencer and wait what is it?
51:05
Is this AI? Can't tell.
51:08
Maybe it's like a rave or something concert.
51:10
And then the next one. Current influencers start shit
51:13
coining and we have what, Jake, Paul, Soldier boy.
51:16
And is that Kim Kardashian Maybe Kim.
51:18
And then and then it goes to the next cycle.
51:21
Part of the cycle goes bitcoiners cancel current
51:23
influencer and is that Buster Rhymes cancelled.
51:27
Oh my God. And this is a cycle guys.
51:29
Of course we love to see when big name people talk about
51:33
Bitcoin because look, not everyone is like us.
51:36
You know, not everyone is a critical thinker and wants to be
51:39
the outcast. They look to their peers, they
51:41
look to people they like and when they embrace things,
51:43
they're like, oh, that's cool. Now I want to do that.
51:46
Well, we're going to see a new batch of influencers jump on
51:49
Bitcoin. I'm sure a lot of us will
51:52
applaud them even though I'm actively against the Bitcoin
51:55
influencer or the influencer turned bitcoiner cycle, but
51:59
they're going to get canceled eventually because they're going
52:01
to most likely turn into shit corners.
52:03
But hey, you already know the deal.
52:05
Just prepare yourself for it and the next one shouts out to the
52:08
Bitcoin therapist, AKA the BTC therapist on Twitter and he
52:10
goes, we buy no matter what hashtag BTC.
52:13
And I think, I think this is like, the perfect combination of
52:16
it. Like me and Chris are the
52:18
symbiotic relationship of this. But it goes when you buy Bitcoin
52:22
at the top, but you also buy at the bottom.
52:24
And he goes, I'm dumb. But, like, I'm smart too.
52:27
You know, I'm dumb, but I'm smart.
52:28
Ish. You know, like, hey, I may not
52:31
be the smartest, but I buy Bitcoin.
52:33
I'm good to go. This next one is by our boy
52:35
Winekus. And we got Homer Simpson here in
52:37
a robe smoking a cigar chilling on his couch.
52:40
And he goes how it feels to own Bitcoin.
52:43
And he's just thinking, everyone is stupid except me.
52:47
You can see like the both sides, both sides of the coin.
52:49
As a bitcoiner, you're like, man, am I the stupid one?
52:53
No, everyone's stupid except me. OK, And the last one is by
52:57
MTCBTC. And I'm pretty sure there's Game
53:00
of Thrones, right? Yeah, Game of Thrones.
53:02
And I think this he's got the sword, this picture of the meme
53:05
with the sword. Lord Snow, you know.
53:07
I don't know. I never watched it.
53:09
Or no. Stark.
53:10
Lord Stark. Lord Stark.
53:11
Oh my. God.
53:11
Anyways, instead of the sword, he's got a green candle and it
53:14
goes The God candle is coming guys, it is coming.
53:19
It will be here soon. We are just starting to see the
53:22
beginnings of the God candle. Anyways, drop your meme review
53:26
in the chat. Hopefully it comes up.
53:30
Yeah, exactly. I'm dumb.
53:32
I'm dumb but smart. Exactly, Yeah.
53:34
Yeah, you give your meme review score.
53:36
So I am holding up the Oh my gosh, the Orange Pill Jam
53:40
project. You guys can scan the QR code.
53:43
They have a bunch of music on wavelength.
53:45
One of our buddies here was showing some of the songs they
53:48
were putting out on Wavelike and you know, you can tip them Sats
53:51
for the music that they have produced.
53:52
Very cool stuff. Yeah, it it's low key.
53:55
It's actually kind of good. Yeah, no, the long 5 beats.
53:59
It was dope. Yeah, there's some really good.
54:01
Reggae with, like, Bitcoin cypherpunk messaging on it.
54:05
All right, my meme review score is I got it this morning.
54:09
I literally spent $20 on a double espresso, a black coffee,
54:14
and two waters. I just got absolutely wrecked
54:17
this morning and it's a just water.
54:20
I I think this is what Jaden Smith's water I don't know.
54:24
It's all right. I have another water, but I
54:26
don't want to plug it because it wasn't that good.
54:29
All right, guys, actually, actually before we go on, I'll
54:33
give you a little I'll give you a moment to get your meme review
54:37
scores in. Guys, we appreciate you guys.
54:40
We love you guys. We we want to provide you guys
54:44
some cool merch. Of course, first and foremost
54:46
stack Bitcoin first. Stack simply Bitcoin merch
54:49
second and it means a lot to us we're we're doing our best to
54:53
you know get away from from just the subscriber sponsor model and
55:00
you know try to be as independent as possible.
55:02
We want to give you guys the news.
55:03
We we don't want to filter our signal so it really helps us to
55:08
get when you guys get some shirts we we paid attention to
55:12
detail. It literally says Bitcoin is
55:13
slavery on the tag shouts out to the boys that represent for
55:17
printing this for us. And yeah guys it really means a
55:21
lot and I got stuff in the works.
55:22
I know you guys are going to yell at me about the hats.
55:24
You know I I got stuff going actually and for the ladies out
55:27
there Sophie was showing me we we're we're about to pull the
55:31
trigger on the the cuts the fit. She's been doing some research
55:35
she's got the good stuff for you.
55:36
So I think 2024 is going to be a good year for simply Bitcoin
55:40
merch. All right.
55:40
Anyways, before I move on, I need to get the music for you
55:45
guys because this is the meme review.
55:50
All right, first one is by Sail Dog 18 and he goes I give these
55:56
memes 5 helpings of reconstituted eggs from the free
56:00
breakfast buffet at the hotel. Yikes.
56:03
OK, next. UT XL.
56:05
What's up bro? I, I.
56:07
You're not on Rumble. All right.
56:08
Anyways, mean score. We are in an information more
56:10
and our side has called a truce of five to six days a week so
56:14
our soldiers can be more comfortable.
56:16
Yes. OK, next one.
56:18
Phillip Rizzo. I give the memes my sats from 60
56:20
KS Still a few money. OK, OK, next one.
56:25
Elaine. Score.
56:26
Bitcoin. Sure thing.
56:28
Bitcoin. Sure thing.
56:29
Takes over Vegas. Home of the money losers.
56:31
Even gamblers have a chance to learn Bitcoin.
56:35
Yes, this is the way. OK, talk.
56:37
Wait. Can I even read this one?
56:39
Toxic Sophie score my waifu asking me why there are air
56:43
horns. Hold on.
56:47
Hold on. Let's do it one more time.
56:51
Tyler Durden swallowed the red pole.
56:53
I score. Crappy web connection.
56:55
I know, man. At least the show, like, went
56:57
on. I apologize.
56:59
I apologize. OK, next one Hammer saw.
57:01
I score the memes. A mole the size of Texas.
57:05
Yeah. No, dude, it's not a mole.
57:06
It's a pop pimple. It's a stab at this point.
57:10
Anyways, last one on YouTube. Psycho O 5, main score.
57:15
Sophie winning the jackpot and buying BTC with her winnings.
57:18
Yes. Yeah, actually dude, there's a
57:20
there's going to be the the poker, the the poker tonight and
57:26
I think it's like a three million buy in and you get a
57:31
whole coin if you win, I think. All right, and then our rumble
57:34
score shots out the Narwhal Tacos.
57:36
He goes mean score 1. Gently used 2 tips.
57:39
Yikes. Gross.
57:41
OK, it's not that we ran out of scores.
57:44
Is that the buzzer hit? Anyways, guys, we appreciate
57:47
you. We love you guys if you're in
57:49
Vegas. Please come say hello.
57:50
Yeah, come up, say what's up. We will be on the floor
57:53
tomorrow. We actually have to break down
57:55
super quickly and go set up. I think I'm getting kicked out
57:58
of this room right now and I'm moving to another one.
58:01
Anyways, we love you. We are taking over Vegas.
58:04
We're going to be here all week. We will be streaming to you guys
58:08
the the conference and we appreciate it.
58:11
Yes, Chris. We should turn this degenerate
58:13
city into a degenerate city by getting rid of the gambling
58:16
addiction and getting into the addiction of buying Bitcoin.
58:19
But that's just me. Yes, this is the way.
58:23
This is the way. All right, guys, we love you.
58:27
Again, apologies for the Internet connection.
58:30
We should be on the floor tomorrow so it will be better
58:33
anyways. Like subscribe, share all that
58:35
good stuff. Don't just share, simply
58:37
Bitcoin, share the Bitcoin signal so more people wake up to
58:40
what is actually going on in the world because they need the
58:44
lifeboat. Anyways, Chris, for the audio
58:47
list for the visual guys over here.
58:49
What do you want people to look at?
58:50
Where are you at? What?
58:51
What's your What's your social medias?
58:53
You can follow me at Chris Alamo 6 on Twitter.
58:55
I'm on Noster. You know, just look up Chris
58:57
Alamo 6 on there as well. Yeah, dude, guys, always a
59:00
pleasure having me. Always love shooting the shit.
59:03
Always love talking about the Bitcoin signal.
59:04
Thanks for having me. Opti, let's go.
59:06
Well, thank you, Chris. Thank you, guys.
59:08
All right, we'll see you later. The chat is undefeated.
59:12
Love you. You guys are crazy.
59:15
All right, guys, we will see you tomorrow.
59:17
Have a good one. Peace out.