Latest / Simply Bitcoin / Max Keiser: Why Bitcoin Could Be A $300 Trillion Asset Class | Ep 1075

Transcript

Max Keiser: Why Bitcoin Could Be A $300 Trillion Asset Class | Ep 1075 · Simply Bitcoin

• 0:21
  But you also have guaranteed liquidity and guaranteed
• 0:24
  increase in purchasing power. So those who decry the
• 0:28
  volatility as a reason not to own Bitcoin haven't really
• 0:31
  thought about it much. You know, it's particularly if
• 0:34
  they look at the dollar and say, well, there's no volatility in
• 0:39
  the dollar. And I'm like, that's true.
• 0:41
  But you have a mathematically guaranteed decrease in
• 0:45
  purchasing power with the dollar.
• 0:47
  So you know, that's part of the game of the dollar is that it
• 0:52
  looks stable, but it's leaching value every second of every day
• 0:57
  from your hard work is being leached away.
• 1:01
  Bitcoin is the opposite in that you are gaining purchasing power
• 1:05
  for your hard work every single day.
• 1:07
  And yes, the price vacillates in Fiat money terms is an
• 1:11
  indication of the weakness of Fiat money.
• 1:13
  It has nothing to do with the weakness or relative strength of
• 1:17
  Bitcoin. One Bitcoin equals one Bitcoin,
• 1:19
  just like one ounce of gold equals one ounce of gold.
• 1:22
  You know, gold is now hitting new all time highs.
• 1:25
  It's still one ounce of gold that the amount the supply, the
• 1:29
  global supply, which is roughly up maybe 3% a year, It's not
• 1:34
  dramatically changed from a year ago, two years ago, three years
• 1:38
  ago, but the price is up dramatically.
• 1:40
  What what's that telling us that's telling us that the Fiat
• 1:42
  money world is, is that losing confidence?
• 1:46
  OK. Now, if you look at Bitcoin
• 1:48
  versus gold, well, gold's been around for a long time.
• 1:52
  It's got a total market cap of roughly 1314 trillion dollars
• 1:55
  Bitcoin to maybe one $1.2 trillion.
• 1:58
  You know, Bitcoin's going to at least equal the market
• 2:01
  capitalization of gold in dollar terms.
• 2:03
  So you've got now a 1314 X just to get to gold, which is a lot
• 2:09
  higher than the current price. And then of course, it should
• 2:11
  exceed gold. It should also demonetize not
• 2:14
  only gold, but demonetize the bond market, demonetize the
• 2:17
  property market, demonetize the stock market.
• 2:20
  So now you're talking about Bitcoin worth 100 trillion, 200
• 2:24
  trillion, 300 trillion. These these are all completely
• 2:28
  within the realm of highly probable going forward.
• 2:33
  And so therefore don't look at the price.
• 2:39
  The price is the least interesting data point of
• 2:43
  Bitcoin. It tells you just about nothing
• 2:46
  versus the hash rate or the difficulty adjustment or any of
• 2:51
  the other underlying metrics of of the protocol are much more
• 2:57
  telling and informative about what's happening than the price.
• 3:00
  The price is just a proxy for how about how quickly the Fiat
• 3:05
  money world is disintegrating? Oh, good morning everybody.
• 3:10
  Welcome to Simply Bitcoin. I am your host, Optimus Field.
• 3:14
  We got a great boat show for you guys today.
• 3:16
  It is Friday the 13th, Casual Friday.
• 3:19
  I'm in the Hawaiian shirt. It's.
• 3:21
  It's going to be a great show for you guys.
• 3:23
  I'm I'm really excited for today.
• 3:24
  But before I get into today's topics, I do want to kind of
• 3:27
  talk, talk on something that I've seen you guys stay in the
• 3:30
  chat. I've seen this general thread
• 3:32
  and theme on. Twitter is a lot of.
• 3:35
  People are getting tired of the price prediction.
• 3:37
  We've been in this 58 K range for so long Everyone has a price
• 3:41
  prediction and all everyone is thinking is just like let's get
• 3:44
  out of this range and then let's start getting bullish and
• 3:46
  throwing crazy price predictions and so chat.
• 3:49
  I hear you guys. I I know that you you are a
• 3:53
  little desensitized when it comes to the price predictions,
• 3:57
  but remember, the goal here at simply Bitcoin is to try to get
• 4:00
  as many people into the Bitcoin space as possible and beholden
• 4:06
  to the YouTube views. And what we've seen on the back
• 4:09
  end and the algos out there on YouTube land is that people
• 4:13
  really enjoy price prediction because even though as Kaiser
• 4:16
  just said, the price of Bitcoin is probably the least important
• 4:20
  or the least interesting aspect of the Bitcoin network, when
• 4:24
  you're new to Bitcoin, that's what you're really looking at.
• 4:27
  You're looking for that confirmation that what you're
• 4:29
  doing is correct. And for better or worse, the
• 4:32
  Bitcoin price is confirmation of Bitcoin succeeding in the world.
• 4:36
  And so new people are coming in, they're trying to figure out
• 4:39
  what's going on with their investments.
• 4:41
  Maybe they put in a big investment in Bitcoin and then
• 4:43
  it's been going down or sideways for extremely too long for them.
• 4:47
  And so they're trying to figure out what's going on.
• 4:49
  So in the hopes and the goal of trying to get everyone up to
• 4:53
  speed, we play the game so that more people get to the bottom of
• 4:57
  the rabbit hole, which is the separation of money and state.
• 5:01
  And to put very simply, for the new people in the back, for the
• 5:04
  new people hanging out with us on simply Bitcoin, the game is
• 5:08
  real, real, real simple. There is a system that we are
• 5:12
  fighting right now and the system is backed by the central
• 5:16
  bank. Some might say it's a cartel,
• 5:18
  some might call it a mafia, but the game is very simple.
• 5:22
  It's the system versus the people and the cartel out there,
• 5:25
  the central central bank cartel out there, they fund everything,
• 5:28
  the lobbyists and the bankers. They fund what the politicians
• 5:31
  do. And so the politicians, they
• 5:34
  basically get their paycheck and then they run and they do cover
• 5:38
  and they pass regulations, they pass laws to basically make a
• 5:42
  more favorable playing field for the central banks.
• 5:45
  But that's not all. The central banks go out there.
• 5:48
  And they also buy and pay for the corporate press, which
• 5:52
  throws cover for the laws that the politicians are passing.
• 5:56
  And so this is the game right now.
• 5:58
  This is the system that we are up against.
• 6:00
  It is it stock starts at the top with the central banks printing
• 6:03
  money, funneling that into the federal government and then, of
• 6:08
  course, funneling that into the corporate press.
• 6:10
  And they're in cahoots. And the mass is out there not
• 6:13
  understanding how money works, not understanding how economics
• 6:16
  works. They are just being led to the
• 6:20
  proverbial slaughter. And so our goal here is to
• 6:23
  continue to expose that system, continue to educate people and
• 6:27
  show them that there is a solution.
• 6:30
  And again, we are in the midst of a presidential election and
• 6:34
  love or hate Trump, love or hate RFK Junior, I think in this last
• 6:38
  couple of months, they've exposed a very real game that we
• 6:42
  do here all the time is that the system is they're fighting the
• 6:46
  system, they're up against the system.
• 6:48
  And This is why they are hated so much.
• 6:50
  Again, this is not left verse, right.
• 6:53
  This is not Republican versus Democrat.
• 6:55
  This is not even Trump versus Kamala or Trump and RFK versus
• 7:00
  the world. This is about orange versus
• 7:03
  green. This is about the people versus
• 7:04
  the system. And we have a solution and that
• 7:08
  is to start saving in Bitcoin because as the saying goes,
• 7:11
  follow the money. It all starts with the money.
• 7:14
  The money is broken right now and too few people understand
• 7:18
  this very basic mechanism going on in the world.
• 7:20
  Is that the money is causing all of this because it is broken
• 7:25
  because they can print it out of thin air and we are forced to
• 7:27
  use a money that is designed to steal from us.
• 7:30
  This is why we say we will be your guide through the
• 7:33
  separation of money and state. OK, enough of that little rant.
• 7:38
  Let's get into some of the topics today.
• 7:40
  On that same theme, I got a great clip from Jeff Booth
• 7:43
  basically exposing the system that I just explained to you,
• 7:47
  though he calls it the control system we live in.
• 7:50
  And of course, Jeff Booth, a little more eloquent than I am,
• 7:53
  explained it. Very well.
• 7:54
  So we'll cover. That in the numbers and the news
• 7:56
  today. I don't know if you guys heard
• 7:58
  this morning, but Michael Saylor bought some more Bitcoin Giga
• 8:02
  Chad just scooping up all the Bitcoin and there's probably
• 8:05
  going to be some more Bitcoin buying.
• 8:07
  So you're starting to feel that people are catching on to the
• 8:10
  FOMO. The Bitcoin price broke out of
• 8:13
  58 K. We'll see if we get back into 58
• 8:15
  K. So the FOMO is starting to kick
• 8:17
  in and I think everyone is starting to feel it.
• 8:19
  We're all we're all getting a little, a little, you know, a
• 8:22
  little hot and bothered and we're like, yo, can we get out
• 8:24
  of this 58 K range if we've been here too long?
• 8:27
  Seems like maybe at least for now, we might be out of the 58 K
• 8:31
  range. We'll see if it holds up over
• 8:32
  the weekend. I'm still convinced that soon
• 8:34
  enough we're going to get the weekend pumps back online.
• 8:38
  And that's going to be super fun to watch Wall Street get wrecked
• 8:40
  on the weekend. Why they go, you know, they
• 8:43
  clock out from work and then the price starts pumping again and
• 8:45
  then it dumps on Monday. Those are my those are the
• 8:48
  funnest times in the bull run is when it pumps on the weekend.
• 8:50
  The next little news new story that I'll cover is BlackRock
• 8:53
  came out and says what we say all the time.
• 8:56
  And yes, I know BlackRock is, you know, big scary boogeyman of
• 8:59
  the world, but they are doubling down on what we say here all the
• 9:03
  time is that Bitcoin is a hedge against global uncertainty, the
• 9:08
  global distrust of the financial system.
• 9:10
  And so that signal is getting out there.
• 9:12
  And of course I say it all the time, keep your head on the
• 9:14
  swivel. This is not us just being like,
• 9:17
  oh, Blackrock's here to pump our bags.
• 9:19
  It just goes to show that the signal is getting out there.
• 9:21
  So we got to highlight the good within the bad, and as long as
• 9:25
  that signal is getting out there, we will take it.
• 9:27
  But the real big story that I want to talk about today, and
• 9:31
  I'm sure you guys saw this, if you're on Twitter, we got an
• 9:34
  announcement of an announcement from Donald Trump in regards to
• 9:37
  his World Liberty Finance project.
• 9:40
  They're going to have a crypto press conference on Mar a Lago
• 9:43
  on Monday. I believe it's 8:00 PM Eastern.
• 9:46
  So in the evening on Monday, we'll get some more news.
• 9:49
  We'll probably get some good. Sound bites coming out of it.
• 9:52
  But. Even in the announcement that
• 9:54
  Donald Trump dropped, he said what we say all the time.
• 9:58
  The big banks are the problem. There's a lot of distrust in the
• 10:01
  banks and for better or worse, he's on the mission of.
• 10:05
  Trying. To expose that, of course, here
• 10:09
  at bit at simply Bitcoin, Bitcoin Maximus, we're like, oh
• 10:12
  man, no, Donald Trump's going the full shit coin route.
• 10:16
  So we'll get the Bitcoin maxi take on this we'll cover the
• 10:19
  announcement. I got the clip for you.
• 10:21
  We'll cover kind of what the project is and then I'll get
• 10:23
  some bitcoiners response to it. I'll get my response to it, but
• 10:28
  it all remains the same. All roads lead back to Bitcoin.
• 10:33
  So this is our show today. Yeah.
• 10:35
  Also guys, it is Friday. You can tell I'm in a Hawaiian
• 10:37
  shirt casual Friday. So we will do a meme review.
• 10:39
  All right, we'll. Do the meme review in the
• 10:41
  culture for you guys. You guys have been throwing
• 10:43
  tomatoes. For the last couple.
• 10:45
  Of weeks, so at least we get two in a row for you.
• 10:47
  So I got some memes for you guys.
• 10:49
  But do not tune out during the meme reviews, guys, because if
• 10:53
  you do tune out during the meme review, then sorry, you know,
• 10:57
  we're going to have to push those back every once in a while
• 10:59
  and just continue to give you guys the sauce and the signal on
• 11:02
  the show. So hey, don't blame me.
• 11:05
  If we don't come back with the meme review next week, blame
• 11:08
  yourselves for tuning out during the meme review.
• 11:10
  All right, enough of that before I bring in my my Co host for the
• 11:14
  day. Of course, like subscribe,
• 11:17
  comment, share this signal so more people get the message.
• 11:20
  It really does help get the message out there on YouTube
• 11:23
  through the algos and it's not about us, you know, pandering
• 11:27
  and whining for views. This is just how social media
• 11:30
  works. So play the game with us.
• 11:32
  Make sure you're liking, commenting, subscribing, sharing
• 11:35
  it so more people get the signal.
• 11:36
  Anyways, on that note, I'm here with my buddy Chris Alamo.
• 11:40
  All around good person, a good friend and just.
• 11:44
  A really great. Bitcoiner.
• 11:45
  So Chris, how are you doing this morning?
• 11:47
  How was your morning actually? I know how your morning was a
• 11:50
  little hectic but anyways how you doing for the people out
• 11:52
  there? Doing really well.
• 11:54
  Excited to be here Opti. Always happy to hang out with
• 11:56
  the plebs and excited to get into it Opti.
• 11:58
  Let's get after it this Friday. Let's go let's go yes it is
• 12:02
  Friday, so hopefully we don't get any any trickery on this
• 12:06
  Friday the 13th but anyways, you already know the deal we got to
• 12:09
  pay the bills over here at simply Bitcoin of course our.
• 12:12
  Lead sponsor Bitcoin Well go to bitcoinwell.com buy real
• 12:16
  Bitcoin. We'd love the guys over at
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  Bitcoin Well, I was actually talking with Adam yesterday he's
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  got a lot of cool stuff on the back end for you guys I I think
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  you guys are going to be super excited for when this stuff
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  comes out but of course, Bitcoin well is a self custody by
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  default platform. What does that mean it means
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  they cannot rug pull you it means they never hold your
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  Bitcoin. You need to have a Bitcoin
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  wallet to even sign up to Bitcoin.
• 12:41
  Well this is to ensure that they don't hold your Bitcoin, that
• 12:44
  there is no. Possibilities of rug pull and
• 12:47
  again. I, I heard you guys, you know,
• 12:50
  you guys were talking about UTXOS will just give us a little
• 12:52
  moment. Adam was showing me some sneak
• 12:54
  peeks of stuff and I think you're really going to like it.
• 12:56
  So scan the QR code and use the promo code simply BTC and you
• 13:01
  can get three tosses into the wishing well.
• 13:04
  What is the wishing well well, you go in here in your
• 13:06
  dashboard, you redeem some points and you play the wishing
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  well and you have a chance to win up to 1,000,000 SAT.
• 13:14
  I repeat a million SAT so get your lightning wallets out scan
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  the QR code first comes first serve.
• 13:20
  Here is 500 SAT for you guys. On that note guys, let's get
• 13:24
  into. The show.
• 13:33
  All right, boys and girls, mainly boys, but some girls.
• 13:37
  Make sure you are not leaving your seed phrase on a piece of
• 13:41
  paper. I got the simply Bitcoin branded
• 13:44
  one here. Make sure you are stamping it in
• 13:47
  titanium, indestructible so that you know when your grandchildren
• 13:52
  ask Grandpa Paul why are we broke and you can't tell them?
• 13:56
  Well, you know, my dog ate my seed phrase.
• 13:58
  I lost a seed phrase. No, put it in titanium.
• 14:01
  Get yourself a stamp seed kit. You get the hammer, you get all
• 14:04
  of I have one here, I got the Bitcoin 1.
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  You know the stamps in here and you put your seed phrase in
• 14:10
  something that's going to last the test of time again scan the
• 14:14
  QR code and you come a code simply to get 15% off on
• 14:18
  anything on their website. OK, guys, let's get into the
• 14:22
  numbers again. I, I stripped down the numbers
• 14:26
  to what I think most people really care.
• 14:28
  A lot of times we get lost in all the numbers and, and we
• 14:30
  forget that most people aren't Bitcoin or so we're going to
• 14:33
  we're going to breeze through this one.
• 14:34
  So I'm over here on Clark Moody's dashboard, the Bitcoin.
• 14:37
  Price we are above 58 K. It is currently at $59,470 per
• 14:43
  Bitcoin. The SAT per dollar AKA how much
• 14:45
  Bitcoin you can buy for a single dollar AKA how much the dollar
• 14:48
  is worth in Bitcoin is currently at 1682 sets or 168 bits for you
• 14:54
  bits Maxis in the past in the back I haven't heard much from
• 14:57
  the bits guys but soon enough we will again.
• 15:00
  The block height is currently 861,164.
• 15:04
  The market cap in Fiat terms is $1.17 trillion and the Bitcoin
• 15:09
  versus gold market cap is at 6.62%.
• 15:13
  So there's so much room to run in the hard money game, and this
• 15:17
  is what. Kaiser was just saying.
• 15:19
  Once Bitcoin gets to a gold market cap, that's basically a
• 15:23
  10 to 13 X from here. So I know you guys were trolling
• 15:26
  me yesterday about Samsung Mao's prediction of $1 million Bitcoin
• 15:32
  and you guys are like Opti you're a bare Bitcoin can go 20X
• 15:36
  in the cycle it did in 2017. Well, I agree with you.
• 15:40
  It's. Just a it's just a time frame
• 15:42
  that we're talking about here, but we all know the meme.
• 15:45
  It's going up forever, Laura, so.
• 15:47
  Infinity or everything divided by 21 million.
• 15:50
  This is the way. This is the meme.
• 15:52
  OK, let's get into the video here.
• 15:54
  Let's start the show off strong. So as I was telling you in the
• 15:56
  beginning, that's why I did the cold open response little rant
• 16:00
  in the nature that I did is because so few people really
• 16:03
  understand what we are facing. There is a system right now
• 16:07
  designed to control every part of your life.
• 16:10
  And as everyone knows, you follow the money.
• 16:13
  If you can control someone's finances, you can control their
• 16:15
  behavior and you can control their lives, well, this is the
• 16:18
  system that we are in. And Jeff Booth, in his way of
• 16:22
  speaking, very calm and collected, he can explain what
• 16:26
  the system is for more and more people.
• 16:28
  And as a big corner, and I know we've been talking about
• 16:31
  politics and elections a lot recently, he kind of kind of
• 16:34
  blows that meme up in general. So here we are.
• 16:37
  Jeff Booth explains how we live in a control system instead of a
• 16:40
  democracy where both sides are highly paid actors funded by our
• 16:43
  time and energy. All right, hold on.
• 16:45
  I think I have. It at 1.5, so let me put it at
• 16:47
  1.25 and let's see if it's fast enough.
• 16:49
  The natural output of a free market has to be deflation.
• 16:53
  And I would guesstimate today in our world today that if forget
• 16:57
  about the misallocation of capital because what to be able
• 17:00
  to essentially create more monetary units to stop that is
• 17:03
  just a massive misallocation of capital.
• 17:05
  That is a centralizing function because inflation equals wage
• 17:08
  deflation. It picks the pocket of of the
• 17:11
  poor and middle class at a crazy rate.
• 17:15
  And those and those people are essentially are fighting harder
• 17:18
  and harder and because they can't win in that system, they
• 17:21
  vote for more socialism to be able to destroy the free market
• 17:24
  more and make the problem worse for themselves.
• 17:27
  And it's just a natural because they're because they're but they
• 17:30
  don't know what we're talking about.
• 17:31
  But it's a natural state. If I can't keep up and I can't,
• 17:34
  my house go and the house has got more expensive and I can't,
• 17:37
  I can't pay my to feed my family.
• 17:39
  And I'm hopeful for more government control to stop those
• 17:42
  bad people. Yes, right.
• 17:43
  Which which actually all accretes through centralization
• 17:48
  and makes the problem worse for the for those people.
• 17:51
  So the natural rate of deflation in the market today as far as I
• 17:53
  could, it's a guesstimate, you can't measure a counterfactual.
• 17:56
  But today would it would be I think about 5%.
• 17:59
  In other words, if you didn't work every year, you would get
• 18:01
  richer by 5% in the next year because of all the innovation
• 18:04
  productivity, it'll be 7% and next year it might be 12% and
• 18:08
  the next and, and all prices would fall along that and you
• 18:12
  would work less and less and less and you would get more and
• 18:14
  more and more as the technology that is supposed to flow to us
• 18:18
  in the form of lower prices. It's allowed to do its job,
• 18:20
  right? You don't measure from that
• 18:22
  system. And most people, that means that
• 18:24
  means you measure from inflation rate thinking it's zero.
• 18:29
  So that means that the government is stealing, not just
• 18:33
  government, but all of the actors within this is stealing
• 18:36
  that 5% productivity plus the inflation rate every year.
• 18:41
  How, how is it possible that you live in a democracy if you don't
• 18:46
  have a vote in that rate of theft?
• 18:47
  Right. Yeah.
• 18:48
  Well, I guess that then speaks to the fact that maybe we don't
• 18:50
  truly live in a democracy. You don't you live in a you live
• 18:53
  in a control system where both sides of that control system are
• 18:57
  highly paid actors with with the the money coming from you.
• 19:02
  And and why both sides, no matter who you vote for inside
• 19:04
  that control, control system under that under that dynamic
• 19:08
  require more and more manipulation of money.
• 19:10
  So it's just what it's what it says is who gets more of the
• 19:13
  spoils that come from you. That's what you're voting for,
• 19:18
  Yeah. Absolutely incredible.
• 19:20
  And really as a Bitcoiner, someone that's seen this for a
• 19:25
  long time, we, we talk about this constantly that once you
• 19:28
  reprogram your mind onto a Bitcoin standard, a Bitcoin
• 19:32
  operating system, you can very clearly see the mechanisms at
• 19:36
  play. As the classic sayings go, and
• 19:40
  I, I heard this even before I found Bitcoin and this is
• 19:43
  probably why I became a Bitcoiner in the first place, is
• 19:45
  this idea of it's 2 wings of the same bird.
• 19:49
  And as we've seen in the last couple of months, it's very
• 19:53
  clearly that there is a uni party out there.
• 19:55
  And so I know we've been getting political and we've been talking
• 19:58
  about politics lately and you know, we, we probably fall more
• 20:03
  in the right than we do in the left.
• 20:05
  It's becoming very clear that there is a system out there and
• 20:08
  it's designed to keep you in the rat race, keep you in the matrix
• 20:12
  if you will, and it really goes. By just stealing your
• 20:17
  productivity, we are, we are forced to use a money that is
• 20:20
  designed to steal from us. It is a control mechanism.
• 20:23
  And again, just rehashing what I said in the beginning, the
• 20:26
  control mechanism is very simple.
• 20:28
  There is a cartel or a cabal of central bankers out there that
• 20:32
  are stealing your wealth via inflation.
• 20:34
  They're printing more money, devaluing the, the money that
• 20:37
  you're using that you sweat and cry and toil over.
• 20:41
  And this is what we're forced to use.
• 20:43
  That money gets funneled down into the federal government.
• 20:46
  They spend more money, and then they have the corporate press
• 20:49
  basically lie to you, propagandize the nation, the
• 20:52
  world into thinking that these policies are going to benefit
• 20:56
  you. Well, no longer do we have to
• 20:58
  take this abuse. No longer do we have to use this
• 21:01
  money that is literally designed to control you.
• 21:04
  There is an option. And as much as we've seen
• 21:07
  lately, a lot of politicians give us some good air time, talk
• 21:10
  about Bitcoin or at least try to garner some Bitcoin votes, it's
• 21:16
  still all a part of the, the system.
• 21:17
  There is no political solution to this.
• 21:19
  The, the, the work here, the the fix here is you saving in
• 21:24
  something that they cannot devalue, that they cannot steal
• 21:26
  from you. And Bitcoin is that solution.
• 21:30
  Bitcoin will fix this. It will take some time, but as
• 21:33
  the saying goes, Bitcoin is the roundabout way, the sly
• 21:36
  roundabout way to fix the system.
• 21:38
  This is the separation of money and state.
• 21:40
  This will be a peaceful revolution, but it's going to
• 21:43
  take people like you and me and people that get it.
• 21:46
  I would argue people of, of and I'm not going to, you know, be
• 21:50
  arrogant or, or you know, self, self, let's say self
• 21:55
  aggrandizing. I don't know big words today,
• 21:58
  but we need an elite class of people that garner political
• 22:02
  power and financial power to effectuate change.
• 22:05
  So This is why it's super important for you guys to get
• 22:08
  your skills up, get your money up, make sure you are in a
• 22:11
  position of self sovereignty and liberty and get your rights in
• 22:15
  order, even though your rights are by God, but they're trying
• 22:17
  to steal all of our rights day by day.
• 22:20
  And so it, it's upon us to make sure we're building strong
• 22:23
  communities, these strong individuals, strong children,
• 22:26
  because this is how we win. It's a sly, roundabout way.
• 22:29
  It's a peaceful revolution. But you need to acquire capital.
• 22:33
  We need to acquire political power because that's how things
• 22:37
  will change. Rather, we need to get
• 22:38
  Bitcoiners in power so that collectively in power, we can
• 22:43
  change what's going on because the things and the way that
• 22:46
  they're going, as the saying goes, weak men create hard times
• 22:50
  and we are in the hard times. And so we need some strong men
• 22:54
  and women out there to step up, stand up and change the system
• 22:57
  because as Jeff Booth says very clearly, we are living in a
• 23:00
  control system. And they want to control
• 23:02
  everything about you. And they're going to continue to
• 23:04
  try to control everything about you.
• 23:06
  They're going to continue to coop this freedom movement
• 23:09
  because this is their main power.
• 23:11
  It is the control over the narrative and the control over
• 23:14
  the money and our subsequent consent to let them govern us.
• 23:19
  And this is the game being played out.
• 23:21
  It's going to play out for a couple of decades, but I think
• 23:23
  the next year things are going to change pretty quickly as the
• 23:26
  Bitcoin price starts to pump up. Anyways, Nico.
• 23:30
  Oh, sorry, Nico. Chris, how are you doing?
• 23:34
  What's your thoughts on this? A lot of good stuff there.
• 23:37
  I just want to give a shout out to Jeff Booth.
• 23:39
  So obviously, you know, wrote The Price of Tomorrow.
• 23:42
  Great book if you haven't read it.
• 23:44
  I'm an avid reader. My BIG4 books for Bitcoin are
• 23:47
  The Prices Tomorrow by Jeff Booth, The Bitcoin Standard by
• 23:49
  Seifidim Ammos, The Block Size War by Jonathan Beer, and then
• 23:54
  the last one is the newest one to the edition is the Genesis
• 23:57
  book by Aaron Van Weirdham Opti. I don't know if you've read that
• 24:00
  one, but I've given it to all the Bitcoiner friends like
• 24:02
  Chris. I don't know if I want to read
• 24:03
  this, blah blah. They've said it's been an
• 24:05
  incredible book, so I definitely think you got to read it.
• 24:07
  Adding to that, one of my buddies, one of the guys from my
• 24:10
  meet up had this great tweet a few weeks ago.
• 24:13
  And mind you, this is even I think right prior, right after
• 24:16
  the Trump assassination, but I disregard that.
• 24:19
  It says the interest in politics is mostly a sub subconscious
• 24:23
  interest in the money printer. So I'll read that again, the
• 24:26
  interest in politics is mostly a subconscious interest in the
• 24:29
  money printer. What that means left versus
• 24:31
  right or middle or independent, whatever it is politics at the
• 24:33
  end of the day is they want control of basically where they
• 24:37
  can spend money via the money printer.
• 24:39
  Obviously, us in the Bitcoin community, we believe Bitcoin is
• 24:42
  a free, fair and equitable system that like you can opt
• 24:45
  into. No one can force you to spend
• 24:47
  it. No one can force you to move it
• 24:48
  or or do it against your will or even print you or debase your
• 24:52
  money or tax you out of existence.
• 24:54
  You know, you have an income tax, you have a property tax,
• 24:56
  you have a sales tax. You have, you know, a long term
• 24:59
  capital gains tax. You have, you know, now Kamala
• 25:03
  and the the more liberals or the left-leaning party is saying
• 25:05
  they want an unrealized capital gains tax.
• 25:08
  So like taxes built on this whole system.
• 25:11
  So I really think that is a great quote by my one buddy
• 25:13
  Steve that said that out. And then the last thing just
• 25:16
  kind of going along with that is like, like I said, Jeff Booth
• 25:20
  always has the theory of, you know, basically we are in a
• 25:23
  deflationary system. It means that as technology and
• 25:26
  advancements in society progress us forward, it should be making
• 25:30
  things and our world around us cheaper.
• 25:32
  Obviously, the system that we currently live in, a Fiat
• 25:35
  standard, is it requires money to become more devalued,
• 25:40
  printed, and it helps wash away the debt of mainly companies or
• 25:44
  billionaires. But the main reason is the
• 25:45
  governments are broke and the only way they can pay it off is
• 25:48
  three ways they can either do austerity, very unpopular that
• 25:51
  presidential candidate or a political party would probably
• 25:54
  be voted out after their 4 terms or two terms or five years,
• 25:57
  whatever, whatever it may be. Second one is to print money.
• 26:02
  And then the last one would be, I'm drawing a complete blank, I
• 26:05
  guess. Oh, raising taxes to an
• 26:07
  unsustainable level. But we're already at very high
• 26:09
  taxes already in the Western world.
• 26:11
  So obviously not going to do austerity, not going to raise
• 26:13
  taxes. And then so the last one is just
• 26:15
  printed into oblivion. And it's something that's kind
• 26:17
  of like a hidden tax or, you know, a ghost tax, basically.
• 26:21
  So yeah, I think that's awesome. Yeah, of course, of course.
• 26:24
  I mean, I think the biggest, the biggest signal here is most
• 26:30
  people think that their life has to get more expensive.
• 26:33
  And that's what I really love about Jeff Booth, about him
• 26:35
  telling us that this doesn't have to be this way, that there
• 26:39
  is an alternative where your life does get cheaper.
• 26:43
  And as we constantly cover on this show, Bitcoin, it makes
• 26:47
  your life cheaper. Your life, when you start saving
• 26:49
  in Bitcoin gets cheaper. And that's why we always talk
• 26:53
  about this, this idea of Bitcoin Zen that you don't have to
• 26:56
  stress so much. Once you can finally save in
• 26:59
  Bitcoin, you start to break out of the rat race, living paycheck
• 27:02
  to paycheck. And that's when you can really
• 27:05
  start to be fruitful, start to thrive.
• 27:07
  And that's what we try to get across to as many people as
• 27:10
  possible. So this is the way guys, we're
• 27:12
  going to continue to cover this as we continue to go into the
• 27:16
  separation of money and state for the as long as we're able
• 27:19
  to. Anyways, let's get to the news.
• 27:21
  That's what you're all here for, A.
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  And also guys, smash the like button.
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  Let's get over 100 likes before the 1st 30 minutes.
• 29:32
  So we got like 15 seconds. OK, let's get to this news
• 29:36
  story. First and foremost, I, I am
• 29:37
  going to run through a couple of different news stories Chris
• 29:40
  here for, for the audience because I really do want to get
• 29:42
  to the Trump topic because I think that's where you and I can
• 29:46
  can really shine on on today's news story.
• 29:48
  But of course, this morning Michael Saylor announced that he
• 29:51
  has acquired 18,000 and 300 more Bitcoin for a whopping $1.11
• 29:57
  billion at a roughly 6408 per Bitcoin price and hasn't
• 30:05
  achieved a BTC yield of 4.4 QTD and 17% year to date.
• 30:10
  Amazing. So as of 9/12/2024, they huddle
• 30:15
  244,800 Bitcoin acquired for 9.45 billion at an average price
• 30:22
  of $38,585 per Bitcoin. Just putting on an absolute
• 30:27
  master class out here. No one's going to ever be able
• 30:30
  to catch up to micro strategy and the Michael Saylor play.
• 30:34
  But you're seeing and we've been covering it that more people are
• 30:36
  waking up to the strategy, but diving deeper a little bit, you
• 30:40
  know, hot or not saying at this rate, sailor's going to ruin 58
• 30:43
  K for us because we want the cheap sets.
• 30:46
  And Adam back responded with, I think a great, great comment
• 30:49
  adding a little more texture to this news story.
• 30:51
  So Adam back goes sailor has another 900 million ATM sale
• 30:56
  approved. This was the first one point, 1
• 30:59
  billion of $2 billion approved, announced August 2nd.
• 31:03
  Seems like they're doing about $40 million a day.
• 31:07
  So expect another announced perhaps maybe second week of
• 31:10
  October and yet more BTC bought. And then he kind of responds
• 31:15
  here where like what's the strategy going to be?
• 31:17
  And he goes, my guess is they sell $40 million of master a day
• 31:21
  and immediately buy Bitcoin. It's all FOMO buy, buy, buy, no
• 31:25
  timing the markets involved in past actions.
• 31:28
  And this is what I was saying in the beginning, if you've been in
• 31:31
  Bitcoin for a while, you're, you're starting to see the price
• 31:34
  bubble up. It's been, it's been trending
• 31:36
  sideways. If you're doing TA, you're maybe
• 31:39
  seeing some lines on the chart that's making you feel bullish.
• 31:42
  And this is when the FOMO starts to kick in.
• 31:44
  I I know when you first come and get new into Bitcoin, once
• 31:48
  you're first in the Bitcoin space, you don't really buy when
• 31:51
  the Bitcoin price goes down, you get scared.
• 31:53
  But when it starts ripping again, that FOMO kicks in and
• 31:56
  when that FOMO kicks in is when we really get into the blow off
• 31:59
  top. So I think we're gonna start
• 32:01
  entering that stage here soon enough.
• 32:03
  All right, next story real quick is BlackRock says Bitcoin could
• 32:07
  serve as a hedge against increasing global disorder and
• 32:10
  declining trust in government banks and Fiat currencies.
• 32:14
  So even BlackRock here again, I know you guys don't like big
• 32:19
  BlackRock. We, you know, we're all a little
• 32:21
  weary of BlackRock. But ever since Larry Fink came
• 32:24
  into the game, he has, for better or worse, legitimize
• 32:27
  Bitcoin as a mature asset. And now they're even meeming.
• 32:30
  They're even going out there and spreading Bitcoin signal to all
• 32:33
  of their clients saying what we've been saying, almost
• 32:36
  sounding like Max Keiser and Michael Saylor out there saying
• 32:39
  that Bitcoin is the and Jeff Booth and and you know, safe
• 32:42
  Dean and all of the other bitcoiners out there that been
• 32:45
  saying this for a long time. The bit scenes of Piero shards
• 32:48
  that Bitcoin is a hedge against increasing global disorder and
• 32:52
  declining trust. Remember what we always say,
• 32:55
  Bitcoin is the superior money. It's the perfect money.
• 32:58
  And what's the goal of money? It's to hedge against
• 33:01
  uncertainty. And as we're seeing, there is a
• 33:03
  lot of uncertainty in the world. So the fact that they're saying
• 33:06
  this to all of their clients, you know, as the biggest
• 33:09
  institutional asset managers in the world, it's just furthering
• 33:12
  this Bitcoin trickle and more and more people are going to get
• 33:16
  into the Bitcoin fold. OK, enough of that.
• 33:19
  Updated you on some new news stories.
• 33:22
  I want to cover this. I think this is very
• 33:24
  interesting. Are we surprised here for the
• 33:27
  audio listeners, I'm going to play you the Trump announcement
• 33:30
  of an announcement of him having a quote, UN quote crypto press
• 33:35
  release or press video press at Mar a Lago on Monday.
• 33:40
  But there is a little signal in here.
• 33:42
  And of course, as a bitcoiner, coming from the Bitcoin maxi
• 33:45
  perspective, we will double down on some of the things he said.
• 33:48
  And we're also going to kind of RIP him a new one because he's
• 33:50
  going full shit corner route. Can you blame him?
• 33:53
  No, he's still kind of learning about Bitcoin.
• 33:55
  It really reminds me of the video we played this week.
• 33:58
  I believe it was Thursday or Wednesday in regard it was
• 34:01
  Wednesday. It was a Wednesday episode where
• 34:03
  Max Keiser was saying that we are in a global hash war right
• 34:06
  now. We're in World War Bitcoin right
• 34:07
  now. And there is some things that
• 34:10
  the next president could do to embrace Bitcoin because you all
• 34:13
  know the deal. You can't ban Bitcoin.
• 34:15
  You can only ban yourself from Bitcoin.
• 34:17
  So if the next president doesn't embrace Bitcoin, they're really
• 34:21
  hurting themselves and their citizenry.
• 34:23
  But we're seeing Trump go down the slippery slope of Bitcoin
• 34:29
  and becoming at this point, a crypto guy.
• 34:33
  So let's play this video real quick and let's let's, we'll,
• 34:36
  we'll, we'll hit on one point here.
• 34:38
  Join me live on Twitter Spaces at 8:00 PM the September 16th
• 34:43
  for the launch of World Liberty Financial.
• 34:46
  We're embracing the future with crypto and leaving the slow and
• 34:49
  outdated big banks behind. I got to back this up real
• 34:56
  quick. Amazing, amazing.
• 35:01
  All right, well, I'll hit on that for for the audio listeners
• 35:03
  in a minute. So I, I have been kind of
• 35:05
  talking about this the last couple of weeks since we first
• 35:08
  heard about this and it's a, it's a full blown shit coin.
• 35:13
  He's calling it AD 5 project. So let's just go through this
• 35:16
  thread real quick and we'll kind of explain some of the
• 35:19
  mechanics. We we really don't know too
• 35:20
  much. I'm sure Monday evening we'll
• 35:22
  get some more clips, some more sound bites coming out of the
• 35:25
  press conference at Mar a Lago in regards to world Liberty
• 35:29
  finance. But here we go.
• 35:30
  Let's break this down a little bit.
• 35:32
  So rumors are flying, but there's a real story behind
• 35:34
  world Liberty financial. We know a magnitude of what
• 35:37
  we're built. We know the magnitude of what
• 35:38
  we're building and it's potential impact on both crypto
• 35:41
  and our country. Especially with the the upcoming
• 35:44
  election. We're not taking any chances.
• 35:46
  We're working with the top security experts in the world.
• 35:50
  Our code has been thoroughly reviewed by these industry
• 35:52
  leaders. We're utilizing best practices
• 35:55
  and making user security our primary concern.
• 35:58
  Let's be clear, we're not just another hostile fork of Avi.
• 36:04
  Ether, Ether, shit coin fork. History shows those don't work.
• 36:08
  We're working with Avi. I don't even know what to say.
• 36:11
  Collaborating to create a platform that sets new standards
• 36:13
  and pushes all D5 forward. This is a partnership to build
• 36:16
  something truly transformative. Our mission is crystal clear and
• 36:20
  here's the signal guys. Make crypto in America great by
• 36:24
  driving the mass adoption of stable coins and decentralized
• 36:27
  finance. We believe that D5 is the future
• 36:30
  and we're committed to making it accessible and secure for
• 36:33
  everyone. Here's why stable coins matter
• 36:36
  We want US peg stable coins to remain the world sediment layer
• 36:40
  for the next 100 years. The US dollar has been the
• 36:43
  backbone of global finance for decade, but it's now under
• 36:47
  attack by foreign nation states. I would argue it's under attack
• 36:51
  by internal actors, but hey, that's that's besides the point.
• 36:56
  By spreading US peg stable coins around the world, we ensure that
• 36:59
  the US dollar's dominance continues, securing America's
• 37:02
  financial leadership and influence on the global stage.
• 37:05
  To those who are skeptical or listening to the noise, our plan
• 37:08
  will speak for itself. The brightest minds and crypto
• 37:11
  are backing us, and what's coming will make all doubters
• 37:14
  think twice. Stay tuned.
• 37:16
  OK, before I unpack this, let's get some of these takes from
• 37:19
  Preston Pish and France Francis and myself.
• 37:24
  This is why I paused it. This is why I paused it for the
• 37:27
  audio listeners. Look who it's brought to you by.
• 37:29
  It's literally brought to you by a company or whatever, a
• 37:33
  platform called rug radio guys, rug radio, I repeat, repeat rug
• 37:38
  radio and as Preston Pitch says, tells you everything you need to
• 37:41
  know. Bitcoin is the innovation
• 37:43
  because it's the only thing that actually requires real energy to
• 37:46
  create 21 million coin and protect transaction security.
• 37:51
  And then of course, Francis to go from bull Bitcoin goes
• 37:55
  Congrats on Trump's Bitcoin advisors for getting him
• 37:58
  committed in a shit coin AirDrop.
• 38:01
  Oh my goodness. OK, so I've been kind of
• 38:03
  touching on this for a minute and again, to really unpack
• 38:08
  this, I highly recommend you go watch some videos of Mark
• 38:11
  Goodwin and Whitney Webb. They they've been really on the
• 38:14
  beat and the path of the dangers of stable coin.
• 38:18
  Why it's not really what US Bitcoiners are here for.
• 38:22
  Even in this thread here it said, you know, we want US peg
• 38:26
  stable coins to remain the world sediment layer for the next 100
• 38:29
  years. US peg stable coins around the
• 38:31
  world will ensure that the US dollar's dominance continues.
• 38:34
  Well as a Bitcoiner I know the dollar is going to be here for a
• 38:38
  while, but I want Bitcoin to replace the Fiat system.
• 38:42
  So to me this just sounds like a huge heaping serving of shit
• 38:47
  coins. I'm.
• 38:48
  I'm going to be surprised if anything does come out of this
• 38:51
  press conference. But the signal does remain that
• 38:55
  Trump does recognize one problem is that many of the world's
• 38:59
  problems come because of the bank's cabal, the bank cartel,
• 39:02
  the bank mafia, and their control over the financial
• 39:04
  system. So at least he's getting the
• 39:06
  first step. He's he's starting to go.
• 39:09
  Down the path, but as David Bailey said, and of course David
• 39:12
  Bailey will frame this this way, love the Bitcoin Magazine team,
• 39:15
  love what they've been doing in regards to trying to advise the
• 39:19
  Republican Party, but all roads lead to Bitcoin.
• 39:21
  So we're seeing right now that as much as the Republican Party
• 39:27
  is embracing Bitcoin, it seems like they might be going down
• 39:30
  the more shit cornery route. Of course they want to
• 39:32
  proliferate the stable coins. Of course they want U.S. dollar
• 39:35
  back stable coins, for one. It's not, you know, politically
• 39:40
  viable to be like, we're going to completely move away from the
• 39:43
  dollar. That would freak everyone out.
• 39:45
  So I think these are some good steps in the right direction.
• 39:48
  Eventually, more people are going to get the Bitcoin signal.
• 39:52
  And of course, a lot of people are probably going to get
• 39:54
  wrecked. But the best way to become a
• 39:56
  Bitcoin maxi is by getting wrecked in crypto.
• 39:58
  It's tried and true. So we advise you to just stay in
• 40:02
  Bitcoin. Do not give any money, do not
• 40:04
  peg any money. Do not stake any money with
• 40:07
  World Liberty Finance. You're going to get rugged.
• 40:09
  You're going to get wrecked. Just keep it humble.
• 40:12
  Stay in Bitcoin stack chats. This is the way.
• 40:15
  But of course, shouts out to the chat.
• 40:17
  Shouts out to everyone's favorite cat in the chat.
• 40:20
  We got Kaepernick is here and he goes, dear simply Bitcoin.
• 40:23
  Am I still a single issue voter for this guy or Nah and I
• 40:27
  respond, and I think this is the take here for at least for me
• 40:31
  personally, the question has now become, do we want a president
• 40:35
  that's going to fight Bitcoin and be pro CBDC to accelerate
• 40:38
  Bitcoin adoption or one that unleashes shit coinery and
• 40:41
  accelerates Bitcoin adoption? The choice is getting harder.
• 40:44
  It's getting it's getting a lot harder.
• 40:46
  And Copernicus respond, bro, I just want hyper Bitcoin in peace
• 40:50
  while being a tard. Is that so much to ask for?
• 40:53
  And I respond, sorry, Kitty, we're in a war.
• 40:57
  We're in a global hash war. This is big World War Bitcoin
• 41:00
  right now, so there is no sitting on the sidelines.
• 41:03
  There is no just burying your head in the sand.
• 41:06
  You need to participate. You need to get as many people
• 41:09
  holding Bitcoin. We need to proliferate Bitcoin
• 41:12
  to as many people as possible and do our part to hopefully
• 41:16
  avoid them putting their hand on the stove.
• 41:19
  But as I said a minute ago, the best way to become a Bitcoin
• 41:23
  maxi is by getting burned in crypto.
• 41:25
  So I think a lot of boomers out here are going to get burned.
• 41:28
  Obviously I would have preferred if he just gone full Bitcoin
• 41:31
  only, but I was listening to Nolan this morning and he made a
• 41:35
  very good point that there is no style points going into hyper
• 41:39
  bitcoinization. It's all going to lead towards
• 41:41
  bitcoinization. We're all going to see this play
• 41:44
  on real time. Yes, there's going to be some
• 41:47
  bumps on the road. Yes it's going to be ugly.
• 41:49
  But again, all roads lead to Bitcoin.
• 41:52
  And as much as as Bitcoiners are living in the future, I think
• 41:56
  once Trump does figure it out, if he is being honest and open
• 42:01
  minded and genuine in his his advance into the Bitcoin
• 42:07
  journey, he will end up a Bitcoin maxi.
• 42:10
  And again, stealing what Nolan said, you haven't seen toxicity
• 42:14
  from Bitcoiners until we see Donald Trump become a toxic
• 42:18
  Bitcoin maximalist. And again, if we get a toxic
• 42:22
  Bitcoin maximalist in the highest positions of power in
• 42:25
  the US, then that's just going to be incredible for the Bitcoin
• 42:28
  movement. But again, we say it all the
• 42:30
  time, we are free market advocates.
• 42:32
  We are free market Maxis. So I'm kind of, I'm kind of
• 42:35
  leaning towards I am okay with the shit corner coming out of
• 42:38
  Trump at this moment. I don't embrace shit cornery.
• 42:41
  I don't endorse shit cornery. But as we've seen with the SEC,
• 42:44
  shit coins are are kind of like cover.
• 42:47
  It's like, it's like squink ID to the regulators out there.
• 42:50
  It confuses them. They don't know who to attack.
• 42:53
  They're going to attack all the shit coins 1st and then Bitcoin
• 42:56
  just gets out there and just takes all of their lunch.
• 42:58
  And I think this is where we are right now.
• 43:00
  Of course, I'm being optimistic, I'm being hopeful here.
• 43:03
  But I do believe that this either either candidate at this
• 43:07
  point is going to push the needle towards hyper
• 43:10
  bitcoinization because we're either going to get attacked if
• 43:14
  Kamala gets in because they've they've been running on a pro
• 43:16
  CBBC platform for the last four years, then we don't expect
• 43:20
  anything to change. So people will find because the
• 43:23
  pain of the government attacking us, they will find a solution,
• 43:27
  which of course is Bitcoin or they just open the floodgates,
• 43:30
  Sushi coronary and eventually everyone will come back home and
• 43:34
  be like, OK, I, I lost a lot of money and it's Bitcoin only.
• 43:37
  I get it, I get it. I'm a bitcoiner now.
• 43:39
  So I think this is all good for Bitcoin.
• 43:42
  Of course I am meaning here, I'm a propagandist for Bitcoin and
• 43:45
  everything is good for Bitcoin. But it really does show that one
• 43:49
  side is leaning into the quote UN quote Bitcoin and crypto
• 43:52
  space. Yes, of course it's not pretty.
• 43:55
  And he's creating a stable coin to continue to proliferate U.S.
• 43:59
  dollar dominance around the world.
• 44:01
  Really just a TLDR on the Whitney Webb and Mark Goodwin.
• 44:04
  It's an easier way to dollarize most of the world.
• 44:08
  So it's it's really perpetuating the evilness of the Fiat dollar.
• 44:13
  But hey, I get it. He's the president.
• 44:16
  The Overton window hasn't shifted enough for him to just
• 44:18
  be completely let's drop the dollar.
• 44:21
  Of course, remember that a lot of boomers and a lot of
• 44:24
  patriotism in the US is wrapped around the dollar.
• 44:27
  And it's hard to explain to them that Bitcoin is American, that
• 44:31
  Bitcoin does live on the American ideals.
• 44:34
  And our dominance doesn't just come from the dollar, it comes
• 44:38
  from the innovation. It comes from the culture of
• 44:40
  America, of being first, being pioneers.
• 44:42
  And if we really want to continue the dominance of the
• 44:46
  US, they need to embrace Bitcoin again and go listen to Max
• 44:50
  Keiser on that clip about the global hash war and World War
• 44:54
  Bitcoin that we find ourselves in.
• 44:55
  And this is how we stay ahead. But right now we are lagging
• 44:59
  behind. It looks like the US and Donald
• 45:02
  Trump are going to go into a shit coin phase.
• 45:04
  So hey guys, I think we might have some more cheap sats on the
• 45:07
  table, but very interesting, interesting stuff coming out.
• 45:11
  I'm sure on Monday, I think it again is 8:00 PM Eastern.
• 45:15
  We'll get some more clips coming out.
• 45:16
  We'll get a little more insight into what they're doing, but it
• 45:19
  just sounds like full blown shit corner as far as I'm concerned.
• 45:22
  Anyways, Chris, what's your thoughts on this bro?
• 45:25
  Yeah, if you could leave us just two up for a second AFY, There
• 45:28
  we go. Don't don't want to don't want
• 45:29
  you to flee away yet. Well, obviously I think Trump
• 45:32
  has to be like everyone. And what I mean by that is he's
• 45:34
  got to go on the journey. So like he has to opt the I
• 45:38
  won't speak for you, but I'll speak for myself.
• 45:40
  Like, you know, I got into Bitcoin in class of 2020.
• 45:42
  You know, when the world is kind of going into chaos, I'm like,
• 45:44
  yo, maybe I should take a look into this.
• 45:46
  I shit coined very briefly. I wasn't very public about it
• 45:48
  like him or like some people that are kind of trying to pump
• 45:50
  their own bags, But I was in it for a few weeks and I'm like,
• 45:52
  what the hell are you doing, Chris?
• 45:53
  Like, stay on the mission, stay humble.
• 45:55
  Stack sacks and I had many great teachers.
• 45:58
  Odell yourself, Nico, Bitcoin Mag, you know, Swan, like the
• 46:01
  list goes on and on. And there's a lot of ways that
• 46:04
  like people can help guide you to the path back to Bitcoin and
• 46:06
  back to Bitcoin only. So yeah, like I said, Opti, I
• 46:09
  won't speak for you, but like maybe if you want to give a
• 46:11
  little bit of your journey, you got in I think 20/17/2018 time
• 46:13
  frame. Yeah, yeah.
• 46:15
  So This is why I am a little more graceful.
• 46:19
  You know, I, I did kind of go down my my toxic Bitcoin rabbit
• 46:23
  hole where I'm like, oh, you're an idiot, You don't understand
• 46:25
  Bitcoin is Bitcoin only. But then I kind of step back
• 46:28
  and, and since I do this show, I realized not everyone has the
• 46:31
  understanding we have. And yes, when I got into Bitcoin
• 46:35
  in 2017, I did go through a shit coin phase for about two, maybe
• 46:40
  three months top, but that's because there just wasn't good
• 46:43
  information. I got into Bitcoin in the last
• 46:48
  leg up of the 2017 bull run. And when I got in, everything
• 46:52
  was green. And so Bitcoin was pumping.
• 46:55
  You know, you're trying to learn about Bitcoin.
• 46:57
  I, I watched a few Andreas Antonopoulos videos and just got
• 47:00
  hooked. And then I think I was on Reddit
• 47:03
  or something like that. And it basically said, go on
• 47:06
  Twitter if you really want to see the signal and conversate
• 47:10
  about Bitcoin and learn about Bitcoin.
• 47:11
  And that's when I made a Twitter account.
• 47:13
  And at that time in 2017, early 2018, the biggest accounts were
• 47:18
  a lot of shit coin accounts. And so I was hearing the memes
• 47:21
  of like Bitcoin is Myspace. You got to diversify your
• 47:24
  portfolio, bro. Like this one's going, this
• 47:27
  one's going to moon, bro. What's the XRP to 500 $89.00 bro
• 47:32
  like it's going to change the world.
• 47:34
  Banks are going to adopt it. And so being green and not
• 47:36
  understanding anything, yes I got caught up in the shit coin
• 47:39
  phase. But once the market dropped out
• 47:42
  in the beginning of 2018 and I was losing too much money and I
• 47:46
  was like the only money I ever had is now in the negative.
• 47:49
  I made one fateful decision I and this is how green I was.
• 47:53
  And so This is why I give some grace to people coming in this
• 47:56
  space because it is a whole new operating system.
• 47:58
  There is a lot to learn. The one saving grace for me was,
• 48:02
  and this is again, Chris, you control me, chat, you guys
• 48:04
  control me. But this is how little I knew
• 48:07
  when I was losing value in the shit coin market because
• 48:11
  literally you could throw a dart at anything in 2018 in the shit
• 48:13
  coin market and you were going to make money.
• 48:15
  So I was basically doing that and I lost it all.
• 48:18
  Basically. I think I rode XRP up like a 10X
• 48:23
  and then I rolled it down to like a 4X.
• 48:25
  And at that time I'm like, I need to get out, I need to
• 48:27
  figure out, and this is the question I ask myself, I need to
• 48:30
  figure out what Bitcoin is before I can trade cryptos
• 48:33
  better. That's how green I was.
• 48:36
  And then of course, you go down the Bitcoin rabbit hole and you
• 48:38
  realize it's only Bitcoin. Everything else is a shit coin.
• 48:42
  Everything else is an affinity scam on Bitcoin.
• 48:44
  So yes, I did go through a a shit coin phase where I took my
• 48:48
  lumps. Well, Opti, actually that's
• 48:50
  better than I thought. I thought you were going to tell
• 48:51
  me like, yeah, I want 100 X leverage on Binance.
• 48:53
  I'm like we need to make. These gains back, baby.
• 48:56
  So it's much better than that. But I think my point that I'm
• 48:59
  trying to get to is like you said, you'd went on a two or
• 49:02
  three month hiatus or, or deviation from that.
• 49:04
  I went on a two or three-week. You know, if we can get people
• 49:07
  to two, two or three days and then be like, OK, it's Bitcoin
• 49:09
  only. And eventually, you know, I
• 49:11
  think in a long enough time horizon, it's Bitcoin and
• 49:13
  Bitcoin only. I, I do think like,
• 49:15
  unfortunately I don't think any of the other cryptos or, or
• 49:18
  crypto scams or tokens are going away anytime soon.
• 49:21
  It's just too easy to do. And I don't think I, I'm not
• 49:24
  advocating for the government to punish people and throw people
• 49:26
  in jail for it, but it's kind of one of those things that like
• 49:28
  the crime and the punishment are not there.
• 49:30
  You know what I mean? Like the, the way that, that how
• 49:32
  easily you can scam someone and then not be thrown in jail for
• 49:34
  it. And there's just not enough to
• 49:36
  go after people. So, you know, I, I find it very
• 49:38
  funny. The SEC is like, we're here for
• 49:40
  investor protections. And that's like, you didn't
• 49:42
  protect people from FTX. You didn't protect people from
• 49:45
  like, you know, Terra Luna, you didn't protect people from all
• 49:47
  these things that collapse after the fact.
• 49:49
  Yeah, they come out with guidance after the fact, but
• 49:51
  like, it's never in the moment. Tying back to kind of what you
• 49:54
  were saying about Mark and Mark Goodwin and Whitney Webb, you
• 49:58
  know, I'm always a fan of their work and kind of what they're
• 50:00
  exposing. I think that they have a really
• 50:02
  solid case for kind of like proving out like, you know, why
• 50:06
  Tether and stablecoins are kind of being propped up like Bitcoin
• 50:09
  and, and stablecoins are being propped up as a way to propagate
• 50:12
  the US dollar. I mean, Tether has, I think
• 50:14
  they're like, when you look at it, they're in the top ten at
• 50:16
  least in government securities or government bonds.
• 50:20
  That being said, even I think it was reported in 2024, I knew
• 50:23
  we're already basically through 3/4 that.
• 50:26
  I think Tether has $6.8 billion in profit.
• 50:29
  That's not even just revenue, that's profit where I think
• 50:32
  BlackRock for like all of everything they have, I think
• 50:35
  they're at like 5.5 billion. And that's nothing to scoff at,
• 50:37
  but it's like Tether has like 120 a 150 employees.
• 50:40
  Blackrock's got like 4000, like 5000 employees when you think
• 50:44
  about it. So it's just crazy to see that
• 50:46
  like Tether is kind of really propagating through the world.
• 50:48
  And you know, I mean, they've got a crazy business model.
• 50:50
  I have my doubts and I'm not I'm not a Tether truther, I'm not a
• 50:54
  Tether footer, but I would kind of avoid it.
• 50:55
  You know, with them saying they on boarded the FBI and you know,
• 50:58
  it looks like they're kind of like the surveillance coin.
• 51:01
  Surveillance coin, as Mark and Whitney kind of say, you know,
• 51:05
  they don't need a CBBC if the private sector can create like a
• 51:07
  circle or a tether and kind of track you that way.
• 51:10
  And you know, another thing that I bring up about Tether, this
• 51:12
  isn't to fund them. It's just true.
• 51:14
  They froze, I think $270 million worth of Tether coins where
• 51:18
  Bitcoin that's not possible barring you kill me or you like,
• 51:22
  you know, try and steal my seed phrase.
• 51:23
  There's no way to stop me from transacting with someone else
• 51:27
  from me sending money to Opti. There's, you know, barring me
• 51:29
  being, you know, not having strong entropy when generating
• 51:33
  my private key or me accidentally revealing my
• 51:35
  private key online or someone seeing the private key and then
• 51:38
  using that to move the Bitcoin. But there is no way to stop it
• 51:41
  where like no one like Tether, like Satoshi just can't come in
• 51:43
  and be like, hey, we're going to stop you from transacting your
• 51:46
  Bitcoin like they could with Tether, like they could with
• 51:48
  Circle, like they can with many of these other crypto
• 51:50
  currencies. I don't know if that's a good
• 51:53
  spot to wrap right there Athi on this topic, but.
• 51:55
  Yeah, I mean, if you got more, if you got more, 'cause I was
• 51:58
  just gonna, alright, I'm gonna full screen myself, 'cause I was
• 52:00
  just gonna channel my inner Joe Rogers here.
• 52:03
  I am not here to proliferate the Fiat dollar.
• 52:06
  I do not care about Fed coin and stable coins.
• 52:09
  I want the world on Bitcoin because as Chris just said,
• 52:14
  Bitcoin is the only permissionless censorship
• 52:16
  resistant money in the world. It's the only thing that cannot
• 52:19
  be debased. It's the only thing that's gonna
• 52:22
  go up forever, which is going to increase your purchasing power
• 52:24
  and increase your place in life, your lot in life.
• 52:27
  And it's, you know, 1 and 21 millionth of the world pie.
• 52:32
  You want to be holding Bitcoin again, This whole idea of stable
• 52:35
  coins are only stable until they're not.
• 52:37
  But I'm not here to continue the Dom, the dominance of dollars
• 52:42
  around the world. And the the biggest thing I
• 52:45
  think that you just mentioned with Whitney Webb and Mark
• 52:48
  Goodwin have been talking about is that stable coins don't don't
• 52:52
  have to go through the normal regulations of Fiat currencies.
• 52:55
  And so it's very easy for them to start to dollarize parts of
• 53:00
  the world that they have trouble doing.
• 53:01
  And so that will in fact, continue the dominance of the
• 53:04
  dollar, which we all think is probably the cause of most of
• 53:08
  the evils in the world. Fiat currency is the root cause
• 53:11
  of most of the world's evil as far as I am concerned.
• 53:14
  Yes, there's a lot of problems in the world, but the money is
• 53:17
  broken. And the fact that they can print
• 53:18
  money out of thin air and throw that money at whatever garbage
• 53:22
  they want to is why we are in this place right now is because
• 53:25
  the central banking cabal, the central banking mafia and their
• 53:29
  ilk, the politicians and the lobbyists and the corporate
• 53:32
  press, they are completely detached from reality.
• 53:35
  And Bitcoin will snap everything back in reality, but eventually
• 53:39
  everything goes to zero against Bitcoin.
• 53:40
  So in the long run, we win. In the short term, I guess it's
• 53:43
  going to be a bumpy roller coaster.
• 53:45
  You want to add in a little more Chris, and then we'll move on
• 53:47
  into the memes. Yeah, I'll add one more thing,
• 53:49
  then we'll head into the memes. So I guess the last thing that
• 53:51
  I'll add is like in the surveillance system that we have
• 53:54
  right now in the West or in, you know, the United States or First
• 53:57
  world nations, is we have the PayPal, we have the Venmos, we
• 54:00
  have the Zells, we have the Stripes and the credit cards and
• 54:03
  all of that. And that at the end of the day,
• 54:05
  is exactly, it's similar but different how Tether works.
• 54:08
  You can be surveilled, you can have your account shut down, you
• 54:11
  could have money revoked, you could have ways to be stop from
• 54:13
  transacting. Tether is a way to export those
• 54:16
  systems because it's hard to build those systems with
• 54:18
  regulations in the third world country.
• 54:20
  But like using Tether is kind of way to skirt around those and
• 54:23
  then send those to Latin America, to Southeast Asia, to,
• 54:27
  you know, Africa, to all these other countries.
• 54:29
  It's like, you know, in the, in the western world, you get the
• 54:32
  nice fancy tech apps or financial fintech apps in the,
• 54:37
  in the, you know, global S, you get a lot of tether and circle
• 54:41
  and stuff like that, that they can propagate.
• 54:43
  So it's the same like, like, you know, it's the meme of like, how
• 54:47
  are these pictures different? And corporates like these are
• 54:49
  the exact same pictures like Tether versus like PayPal, Zell
• 54:53
  Venmo in all of those. So that's really my my thoughts
• 54:56
  on it. Stay humble, stack sacks.
• 54:57
  I'll leave you with that. Yeah, love it, love it.
• 54:59
  And guys, I'm sure we'll get some more news on Monday.
• 55:02
  This was really just an announcement of an announcement,
• 55:04
  but I have been hinting on this for the last week or so.
• 55:08
  So I wanted to cover it for you guys and and of course, give us
• 55:11
  a little little victory lap here on simply Bitcoin and the
• 55:14
  Bitcoin Maxis out there. But here we are at the point of
• 55:18
  the show guys. So you better not tune out.
• 55:20
  You better like right now. You better smash the subscribe
• 55:24
  button. You better comment and share
• 55:25
  this content because we are getting into the crowd favorite
• 55:31
  the memes? So here we are
• 55:45
  all right, boys and girls, as we've been covering and it's a
• 55:48
  running theme on the show is that as Bitcoin acquires more
• 55:52
  capital into its market cap, as the Bitcoin price goes up, we
• 55:57
  believe that Bitcoiners will become some of the most powerful
• 56:00
  elite people in the world. And so right now is the time to
• 56:03
  take your relationships that you've built on the Internet and
• 56:06
  bring them into meat space. So go to orangepoapp.com stack
• 56:10
  friends who stack SAT make sure you are connecting with other
• 56:14
  like minded individuals because say hey, on the one hand,
• 56:18
  Bitcoin's going to win and you want to have a good network of
• 56:21
  solid individuals around you. On the other hand, if we head
• 56:25
  into a pure dystopian future, you still want to have like
• 56:28
  minded individuals around you because you are a lot stronger
• 56:31
  in a like minded community versus being a lone wolf.
• 56:34
  The lone wolf doesn't survive guys.
• 56:36
  So make sure you're taking your relationship online into meet
• 56:40
  space and creating local communities.
• 56:42
  If you're the only Bitcoiner in your area, if you don't
• 56:44
  communicate with Bitcoiners at all, throw up an event and maybe
• 56:47
  you can start to build that community for yourself again.
• 56:50
  Stack friends who stacks sats go to orangepoapp.com.
• 56:54
  All right, boys and girls, here, let me let me let me full screen
• 56:58
  myself for a second. It's Friday, it's casual Friday.
• 57:03
  I'm in a Hawaiian shirt. It's Friday the 13th, so we're
• 57:07
  going to end this week on a high note.
• 57:09
  We're going to cover some memes, guys.
• 57:10
  You already know the deal. Yes, some people may think that
• 57:13
  memes are worthless. Oh, they're just funnies and
• 57:16
  pictures, and they don't. They're like, why do we care
• 57:18
  about memes? They have no power here.
• 57:20
  Well, memes is how we propagate the truth.
• 57:23
  This is how you distill the information and you propagate it
• 57:26
  so more people can get the message.
• 57:29
  And the power of Bitcoin memes is that they need to be truth
• 57:32
  based or else they flop. This is why the corporate press
• 57:36
  can not meme is because they're trying to psyop you into
• 57:40
  believing things that are totally against nature and
• 57:44
  reality and you feel it in your bones.
• 57:46
  Again, I'm reminded of the quote from 1984.
• 57:49
  They want you to ignore what your eyes see and your ears
• 57:52
  hear. Well, memes have a way of
• 57:54
  piercing through them and propagating the truth around the
• 57:57
  world. As we say all the time, tweets
• 57:59
  are the bullets, memes are the artillery.
• 58:01
  So we're going to give you guys a Friday meme review and here we
• 58:05
  go. OK, 1st meme is by our boy Big
• 58:10
  Sean Harris and I. I put this one first considering
• 58:13
  the news that we just came out of.
• 58:15
  So Big Sean Harris goes in the tweet he goes.
• 58:19
  No mention of the national debt in the debate though.
• 58:22
  And then there's a picture of of Jordan with his headphones on
• 58:25
  taking them off and he goes when you hear Trump dropped a shit
• 58:29
  coin and just complete disbelief taking his headphones off Like
• 58:32
  what? And they just had a debate and
• 58:35
  they glossed over the economy. They barely mentioned inflation.
• 58:39
  And even when they didn't mention inflation, they didn't
• 58:42
  ever get to the root cause of inflation, which of course is
• 58:45
  the money printer. The fact that they can print
• 58:48
  money out of thin air, create money with no value, with no
• 58:51
  work. And here we are.
• 58:53
  Literally by the end of the week.
• 58:55
  I want to add. I want to add.
• 58:57
  Yeah. I want to add one thing.
• 58:58
  So Sean had a great the the text for the tweet here.
• 59:01
  No mention of the national debt in the debate though.
• 59:03
  James Lavish had a tweet probably a few days ago.
• 59:06
  I don't know if you covered it Opti where he was saying, you
• 59:08
  know, in 2020 or leading into 2020, prior to the pandemic, the
• 59:12
  US government was paying about a billion dollars in debt a day
• 59:15
  prior like January of 2020. Then the pandemic happens, they
• 59:18
  ramp it up with the money printers to about $2 billion a
• 59:20
  day. Now, currently with interest
• 59:22
  payments, they're paying $3 billion a day. the US government
• 59:26
  almost a trillion dollars a year in interest payments or over,
• 59:30
  Yeah, over a trillion dollars a year in interest payments on the
• 59:32
  national debt. And this is just in four short
• 59:34
  years, like it's only ramping up.
• 59:36
  It's accelerating. You know, hyperinflation's
• 59:38
  coming. Hyper bitcoinization's around
• 59:40
  the corner. Like not to be hyperbolic, but.
• 59:43
  Wow, wow. I think, I mean, again, not
• 59:46
  going on another tangent because we are covering memes, but the
• 59:50
  biggest eye opening thing that I've heard in the last couple of
• 59:54
  weeks is the fact that the US government is printing trillions
• 59:57
  of dollars every what, two to three months or something like
• 1:00:00
  that. Like it took us, it took us
• 1:00:02
  basically, I don't know what I I'm, you can Fact Check me in
• 1:00:05
  the chat, but it took us hundreds of years to get to our
• 1:00:08
  first trillion dollars in debt in the US economy.
• 1:00:12
  And now we're printing that in months.
• 1:00:15
  If you don't think that the Fiat system is out of control, that
• 1:00:18
  nothing stops this train, that the Fed and the powers that be
• 1:00:22
  are backed into a corner exactly as Chris explained in the
• 1:00:26
  beginning, because they cannot be austere, You know, they're,
• 1:00:30
  they're not going to tighten their budgets.
• 1:00:31
  They're going to continue to print.
• 1:00:32
  Oh, look, they're going to continue to print money.
• 1:00:35
  They're not going to tax us because that's politically
• 1:00:38
  unviable. So the only way that they get
• 1:00:40
  out of this is by printing more money.
• 1:00:42
  This is the only solution to the system.
• 1:00:44
  The system is running on fumes, and that fumes is creating more
• 1:00:48
  money out of thin air, creating more money out of debt so that
• 1:00:51
  the economy looks like it's being productive.
• 1:00:54
  This is the game being played. This is why we tell you guys to
• 1:00:57
  save in Bitcoin because they can't print more Bitcoin.
• 1:00:59
  It's super duper simple, boys and girls.
• 1:01:03
  OK, next one is by a Bitcoin or post AKA at gross coin and it's
• 1:01:08
  what's it Ron Swanson here, just not not excited, not surprised,
• 1:01:13
  not happy about this just stone cold face here and he goes me
• 1:01:17
  trying to stack 10 million stats for three years while sailor
• 1:01:20
  buys another 20,000 Bitcoin. Congrats and yes, we all agree
• 1:01:25
  man. Leave some stats for the rest of
• 1:01:27
  us, sailor. Geez, some.
• 1:01:28
  Stats for us. Man imagine having the infinite
• 1:01:32
  money glitch it it would be incredible.
• 1:01:34
  And really again this all ties back to the the printing of
• 1:01:38
  money. Just imagine when we get into
• 1:01:40
  the point and the stage of hyper bitcoinization where we have
• 1:01:44
  government and central banks printing money to stack Bitcoin.
• 1:01:48
  Oh my goodness, the Omega Godzilla candles that we will
• 1:01:51
  see on those days. It's going to make these days
• 1:01:55
  look like chump change. Cannot cannot wait.
• 1:01:57
  I cannot wait for those days. All right, there's next one.
• 1:02:00
  It's a little tricky. It's a little tricky for you
• 1:02:02
  guys. I I know you guys are 65 IQ out
• 1:02:04
  there and you you don't know how to think abstractly and all that
• 1:02:08
  good stuff and you're all literal and on everything that I
• 1:02:11
  said, but I I really like this one.
• 1:02:13
  So we have mancuddle and he goes, sorry, guys, we're going
• 1:02:17
  much lower and you you can see this, you know, head and
• 1:02:20
  shoulders pattern here and the price is going to drop though up
• 1:02:25
  here. It goes inverted charts.
• 1:02:27
  So it's going up forever, guys. Omega candle coming soon,
• 1:02:30
  Godzilla candle coming soon. But I, I, I like this one
• 1:02:34
  trolling bitcoiners and the price and then you flip the
• 1:02:37
  chart and you're like, oh, wait, no, it's going to go zoom, it's
• 1:02:40
  going to go nuclear. It's going to explode the end of
• 1:02:43
  this year. I'm pretty sure after the
• 1:02:45
  elections and 2025, we are entering the bananas zone and
• 1:02:49
  things are going to get crazy. OK, next one is I am a bear
• 1:02:52
  hunter on Twitter and he goes, this is the way hashtag Bitcoin.
• 1:02:56
  And he's got stacks of money here.
• 1:02:58
  And he's got, you know, a little little stack of 20s here for
• 1:03:01
  food. He's got a little stack of 50
• 1:03:04
  for his wife and his kids. And then he's got stacks of
• 1:03:07
  hundreds to go into Bitcoin. This is the way.
• 1:03:11
  You don't need to eat food. No, I'm just, I'm just, I'm just
• 1:03:15
  telling guys, make sure you're paying your bills, make sure
• 1:03:17
  you're paying your rent, make sure you're surviving.
• 1:03:20
  Even if it's surviving off ramen, you know, just make sure
• 1:03:23
  you're eating, make sure you're healthy.
• 1:03:25
  And you're and you're and you're fit and make sure your
• 1:03:28
  relationships are strong. Do not ruin your relationships
• 1:03:31
  to buy Bitcoin. But this is the way most of your
• 1:03:33
  budget should go into Bitcoin. If you are a millennial and a
• 1:03:36
  zoomer and you are making money, I'm going to say it here.
• 1:03:40
  You need a conservative 50% of every paychecks account to
• 1:03:43
  Bitcoin. Put as much money in the Bitcoin
• 1:03:46
  if you're a young guy, but really, really I'm I'm I am
• 1:03:49
  controlling really, really guys, you know, pay your rent, pay
• 1:03:53
  your bills, make sure you're financially secure because you
• 1:03:56
  don't want to put more money into Bitcoin then you can and
• 1:03:59
  then get wrecked and you get margin called in life and you
• 1:04:02
  have to sell that Bitcoin. You want to stay solvent.
• 1:04:05
  Remember stacks at stay humble, stay solvent.
• 1:04:08
  This is the way. OK, this next one we played for
• 1:04:11
  you guys this clip this week. It was Jack Mahler's doing the
• 1:04:16
  debate with Peter Schiff. And I really like this meme here
• 1:04:19
  by Walker America. And I actually I'm I'm going to
• 1:04:23
  troll Peter Schiff twice today. So Walker goes here.
• 1:04:26
  We've all been here at Jack Mahler's and the meme is when
• 1:04:30
  your boomer uncle says Bitcoin isn't scarce because you can
• 1:04:33
  divide it into Satoshi's. And then Jack Mahler's giving
• 1:04:36
  this face like what bro? Like what?
• 1:04:40
  Like really, these are the arguments we're at right now.
• 1:04:43
  What year is it, Chris? What year is it right now?
• 1:04:45
  Because we seem to be rehashing fudd arguments for Bitcoin that
• 1:04:50
  have been thoroughly debunked for years, and yet we continue
• 1:04:53
  to go down this path. Anyways.
• 1:04:55
  Here's a little subtitle of Peter Schiff going millions of
• 1:04:58
  them. But So what?
• 1:04:59
  It's just a string of numbers when you're you know what, Or
• 1:05:02
  rather, not just when your boomer uncle, when your boomer
• 1:05:05
  aunt says, oh, but you know, we can divide 1,000,000.
• 1:05:09
  We can divide a slice of pizza a million times and and solve
• 1:05:13
  world hunger. They need better critics out
• 1:05:16
  here. It was a good discussion for the
• 1:05:18
  people that didn't see this debate.
• 1:05:19
  It was about an hour and a half hour and 15 minutes.
• 1:05:21
  It was good, definitely worth watching.
• 1:05:23
  And adding to the point of that it's yeah, I mean, Peter is
• 1:05:28
  obviously, you know, what's it called?
• 1:05:30
  It's called like reporter Derangement syndrome talking
• 1:05:32
  about the reporters that were talking about Bitcoin in 2010,
• 1:05:35
  2011, 2012 that are like didn't buy into it.
• 1:05:38
  And now they're bitter that we're in 2024.
• 1:05:40
  I, I probably fucked up the, the, the syndrome, but I think
• 1:05:42
  it was reporter Derangement syndrome.
• 1:05:44
  And I know Peter is in that camp.
• 1:05:46
  Like he heard about Bitcoin when it was sub $10 and he didn't buy
• 1:05:49
  it to you today. Well, well, I'm going to double
• 1:05:53
  down on that. I've been saying this for a
• 1:05:54
  minute. I really think Peter Schiff is
• 1:05:58
  doing like theater art. He's he's basically the heel.
• 1:06:02
  Yeah, he's the heel here. And just to kind of double down
• 1:06:05
  on this idea, everyone knows Peter Schiff's son bought
• 1:06:09
  Bitcoin. You know, they did the whole
• 1:06:11
  theater acting on Twitter where, like, the son's a bitcoiner and
• 1:06:15
  he's a gold bug. And they fight each other for
• 1:06:17
  engagement on Twitter. Well, we got a epic.
• 1:06:20
  Screenshot that came out this week as well.
• 1:06:23
  So it goes first it was his son. Or this is Oliver L Velez on
• 1:06:29
  Twitter, and he goes, first it was his son, now it's his wife.
• 1:06:32
  This dude is a closet Bitcoiner. And someone responds to a
• 1:06:36
  screenshot. Here it goes.
• 1:06:38
  Your wife buys Bitcoin behind your back.
• 1:06:40
  And Peter Schiff responds. Actually, she did.
• 1:06:43
  No one is perfect. Oh my goodness.
• 1:06:45
  Literally a heel. And say her boyfriend's really
• 1:06:48
  happy as well, like. That no, no, no.
• 1:06:52
  I avoid married women unless they're central bankers.
• 1:06:54
  OK. I wasn't saying you have to go
• 1:06:56
  for her. I'm.
• 1:06:57
  Just saying, all right, all right, yeah, OK, OK, all right,
• 1:07:01
  I I see, I see. All right, this next one, I
• 1:07:04
  think I actually have to expand this one a little bit.
• 1:07:07
  So this some shit corner and it goes 10 year old me, you know,
• 1:07:12
  sleeping, thinking about Pokémon cards in bed with his What's it
• 1:07:16
  lightning? I forget what it is the the
• 1:07:19
  color. Lightning McQueen.
• 1:07:20
  Lightning McQueen blanket and then 30 year old me laying in
• 1:07:24
  bed and MPC with his eyes open of Ethereum going to $2361.00
• 1:07:30
  and it's down 42%. All right, so going back to on
• 1:07:34
  sell Linder's tweet here and it's the meme that Chris was
• 1:07:39
  talking about. But in this regard.
• 1:07:41
  So we have one picture of him as a kid thinking about Pokemons
• 1:07:44
  and the other picture of him as an adult thinking about his eats
• 1:07:47
  bags getting exploded right now. And it's the classic office
• 1:07:50
  office meme of corporate needs you to find the difference
• 1:07:53
  between this picture and this picture.
• 1:07:55
  They're the same picture. It is the same picture, guys.
• 1:08:00
  OK. Oh, that.
• 1:08:02
  I guess that was the last one. All right, boys and girls, that
• 1:08:05
  was the last meme for today. Let me get this going.
• 1:08:09
  You already know the deal. Drop, wait, drop your meme
• 1:08:14
  review score in the chat and I will cover some of them live.
• 1:08:17
  I'm actually I'm I'm actually not prepared for it yet.
• 1:08:21
  So, Chris, you go first. Oh, you give it the score.
• 1:08:24
  I'm going to give it this nice Unchained poker chip or yeah,
• 1:08:30
  Unchained poker chip. I got this at in down in
• 1:08:32
  Nashville at the golf tournament, so it was a good
• 1:08:34
  time. OK, OK, actually, actually, hold
• 1:08:40
  on, hold on. I got it.
• 1:08:41
  I got it. I was going to give a score.
• 1:08:44
  But I, but I I think I've already gave that one.
• 1:08:46
  So I have got my USBC Apple charger cord, but without the
• 1:08:55
  the end. So it's a USBC to USBC cord is
• 1:08:59
  on my floor. I've actually been looking for
• 1:09:01
  this and it's been on my floor. OK, all right, all right, all
• 1:09:04
  right, all right, let's go. All right, so I do have 3 chats
• 1:09:09
  today guys, so I will try to make this quick.
• 1:09:11
  Actually, it ends when the music ends, so get your score in
• 1:09:15
  whatever chat you want and I will read them live.
• 1:09:19
  Wait, if I can. Yeah, I think I can say this
• 1:09:23
  one. All right, first we got
• 1:09:25
  Copernicus's son score when the waifu doesn't like Hugh sang
• 1:09:30
  tart online. So you have Opti save for you
• 1:09:32
  online. Love you waifu.
• 1:09:34
  Yeah, I I you caught me slipping.
• 1:09:36
  I honestly, I said it twice caught me slipping, but no one
• 1:09:39
  knows what that is. The the the algo doesn't know
• 1:09:41
  what that is. All right.
• 1:09:42
  Rave elevator meme score 1 mark Say flag for my cat.
• 1:09:48
  Yeah. Oh.
• 1:09:50
  OK reem score by Roman Imagine being a pro trump bitcoiner
• 1:09:55
  clown. OK OK Anton lost meme score my
• 1:10:00
  bit acts trying to mine a block Love it love it Victoria shoots
• 1:10:05
  meme score Donald J Trump thumbs up after the debate fil CI give
• 1:10:11
  these memes. Maybe the days of 58K gang are
• 1:10:14
  numbered. Yes, maybe, maybe, just maybe
• 1:10:17
  actually don't jinx it. It's going it's it's going lower
• 1:10:21
  than 58 K. Maybe we can we can confuse the
• 1:10:24
  algo guys. OK, let's see Clinton Ross
• 1:10:27
  score. Sympathy for those who can't get
• 1:10:29
  memes. OK, all right, now I'm going to
• 1:10:32
  move over to Rumble. Let me see what I got over here.
• 1:10:35
  We have Narwhal tacos. Meme score equals shifts.
• 1:10:39
  Cold wallet passphrase. Gold, gold, gold, gold, gold,
• 1:10:42
  gold, gold, gold, gold, gold, gold, gold.
• 1:10:46
  OK, and let me see Meme review by Bitcoin Buddha on ZAP stream
• 1:10:52
  memes for five burning Elmo's for the weekend and no TA,
• 1:10:56
  everything's fine on fire five times.
• 1:10:59
  OK, love it, love it love it love it.
• 1:11:02
  OK, well, it looks like wait, the music ended.
• 1:11:11
  It was it wasn't it was the buzzer.
• 1:11:13
  It's the buzzer. We didn't run out of scores.
• 1:11:16
  It was the buzzer. OK, guys, well, we love you.
• 1:11:20
  We appreciate you guys. Of course, if you enjoyed the
• 1:11:23
  content, smash the like, subscribe, comment, share this
• 1:11:27
  signal to everyone out there. Clip it, clip it on YouTube or
• 1:11:31
  Twitter, clip it and send it to your friends.
• 1:11:34
  Whatever you think hits hardest, do it.
• 1:11:39
  All right, guys. Well, Chris, thank you for
• 1:11:41
  coming on today. I, I think you will be making an
• 1:11:44
  appearance in a week or so. So you'll be back and we'll keep
• 1:11:48
  giving you guys a signal. So, Chris, say last words to the
• 1:11:50
  people and then we will wrap up today's show.
• 1:11:53
  Thanks for having me Opti, always a pleasure being here.
• 1:11:56
  Stay humble sacks. Hats guys.
• 1:11:57
  Peace out, talk to you later. Let's go.
• 1:12:01
  I was a little colorblind. I couldn't see my pets.
• 1:12:03
  All right. I had Chris hang out behind the
• 1:12:04
  in the behind the scenes. All right guys, this was our
• 1:12:08
  show Friday the 13th. I hope you guys have a good
• 1:12:11
  weekend. Get outside, get some exercise
• 1:12:14
  in, eat some good food, call your loved ones, hang out with
• 1:12:18
  your loved ones. This is the way.
• 1:12:20
  Unplug over the weekend. The person you are yelling at on
• 1:12:23
  Twitter will be there when you get back, so go do something for
• 1:12:27
  yourself, like stacking some stats and eating a good steak,
• 1:12:31
  getting a walk in or something like that.
• 1:12:32
  Whatever you're doing, whatever you're doing, this is the way.
• 1:12:34
  We'll be back Monday. We do this show Monday through
• 1:12:36
  Friday, 12:15 PM Eastern Time. And of course, don't forget to
• 1:12:41
  catch the Ogs over the weekend. We're dropping a lot of content.
• 1:12:45
  We've got into a new schedule where we're going to be dropping
• 1:12:47
  5 pieces of original content for you guys in the evening in that
• 1:12:51
  10 to 15 minute range. So watch out for that.
• 1:12:54
  We got Ruston and Dante firing on all cylinders, so we're
• 1:12:58
  getting you guys all the content your little hearts can desire.
• 1:13:01
  On that note, guys, peace out. Spin your boy Opti and I will
• 1:13:06
  see you on the other side. Bybitcoinwell.com a Bitcoin only
• 1:13:14
  platform on a mission to enable financial independence.