Latest / Simply Bitcoin / Its OFFICIAL: The US JUST Became the LARGEST Bitcoin Holder! | EP 1353

Transcript

Its OFFICIAL: The US JUST Became the LARGEST Bitcoin Holder! | EP 1353 · Simply Bitcoin

0:00
Yo, it's official. the US just became the largest Bitcoin
0:04
holder in the world, but they didn't buy more Bitcoin like
0:10
we've been waiting for. It's been nine months since
0:13
Trump's executive order on the strategic Bitcoin Reserve, and
0:16
we haven't seen any Bitcoin buys yet.
0:19
I have a theory behind that, by the way.
0:20
I'm going to get to that in just a second.
0:22
But they did find a budget neutral way to get their hands
0:26
on $12 billion worth of Bitcoin. Let's dive in and explain.
0:32
So what are we talking about? A massive seizure just happened.
0:36
I believe it was yesterday or the day before.
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This is the breaking headline. US seeks forfeiture of 127,000
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Bitcoin tied to a transnational scam run by Chinese national
0:51
10Z. So here's more information by
0:54
Bitcoin Archive. U.S. government now holds
0:57
325,000 Bitcoin worth over $37 billion following recent
1:05
seizure. So it's not as large as big as
1:08
Michael Saylor and strategy stack of 600,000 Bitcoin, but in
1:12
terms of nation states, it is the largest stack by far.
1:16
Here's some more data from DK DB.
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The 127,000 Bitcoin they're seeking to forfeit are actually
1:25
from the Lubine mining operation that was ran by the defendant
1:29
and were actually stolen back in 2020.
1:33
Have been sat idle ever since. Probably quite unlikely they get
1:37
them unless some sort of fake hack and move.
1:41
It goes on to say here's the official a Department of Justice
1:45
release press release Chairman of print of Prince Group
1:50
indicted for operating Cambodian forced labor scam compounds
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engaged in cryptocurrency fraud schemes.
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The Department of Justice files largest ever forfeiture action,
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approximately $15 billion in Bitcoin and US custody.
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Here's the exact here's some of more of the details.
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As alleged, the defendant directed one of the largest
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investment operations in history, investment fraud
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operations in history, fueling an illicit industry that is
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reaching epidemic proportions. Prince groups investment scams
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have caused billions of dollars in losses and untold misery to
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victims all around the world, including here in New York, on
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the backs of individuals who have been forced against their
2:37
will. This historic indictment and
2:39
forfeiture compliant complaint sent a strong message to
2:44
fraudsters everywhere that will pursue you no matter where you
2:47
are, no matter who you are and no matter your insidious
2:50
methods. We will not stop fighting for
2:53
victims. So I mean, this is a massive
2:56
seizure. And here's some more information
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as well. Bitcoin Archive.
3:01
Some of the 127,000 Bitcoin the US government just sees from
3:06
from a Chinese scam were previously reported as having
3:10
private key vulnerabilities. Now the US government has them
3:14
in custody. Is the US government hacking
3:17
Bitcoin wallets? That's a very interesting
3:21
statement. And now let's see anyway, so
3:25
here are some of the wallet details regarding to this
3:28
illicit group. And it seems like some of the
3:31
Bitcoin has been moved, but is it because it was hacked?
3:35
I don't, I, I, I don't think so. Or is it because, again, the
3:40
defendants are trying to get less, less jail time.
3:44
So anyways, now the US government, I mean, we got our
3:47
promise. Trump completed his promise.
3:50
It just wasn't how we were expecting it.
3:53
That budget neutral language, you know, does give him a ton of
3:56
leeway. But now in the US government,
3:59
325,000 Bitcoin if we are to take their work, allegedly,
4:04
allegedly 325,000 Bitcoin in total.
4:08
We did have the CEO of Cleanspark say that Scott Besson
4:13
admitted to him that they held $17 billion worth of Bitcoin.
4:18
This is like doubling their stack basically overnight with
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the seizure. So yeah, I mean, there you go.
4:25
the US government is now the largest holder on a nation state
4:28
level of Bitcoin because of the seizure.
4:32
We still don't have the details, but apparently some of the
4:34
Bitcoin from these addresses has been moved.
4:39
So as more details come in, we'll make sure to cover and
4:43
we'll make sure to tell you guys.
4:45
But one of the things I did want to talk about as well earlier on
4:48
what I was talking about, say it's been nine months since
4:51
Trump's executive order and we haven't seen more Bitcoin buys.
4:56
I will say that we we still don't know the details from that
5:01
executive order. We still don't know how much
5:03
Bitcoin the US government officially has, but to be fair,
5:09
this is a budget neutral fashion to acquire more Bitcoin, right?
5:14
So, yeah, I mean, there you go. That's a that's a huge, huge
5:20
seizure of Bitcoin 127,000 Bitcoin.
5:23
Well, the largest seizure ever. The largest seizure ever in
5:26
history. So this is absolutely massive.
5:30
And yeah, this is going to the strategic Bitcoin Reserve.
5:33
They have no plans of of selling it.
5:35
They're keeping that Bitcoin now.
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My only hope as a Bitcoiner is show me the holdings.
5:41
That's that's the next part, right.
5:44
Very interesting too. Also how that Bitcoin moved
5:47
Opti, didn't you find that interesting that that Bitcoin
5:50
moved from that wallet? So you know that that I found
5:54
quite interesting. How were they able to move it is
5:56
my question. Well, I think if you look at the
6:01
a couple of those tweets, it's basically telling you that they
6:04
they had those Bitcoin just kind of sitting there.
6:08
So I'm guessing that they seized it before, but maybe they were
6:13
going through some kind of, you know, court case litigation.
6:16
I don't know exactly what the details are here.
6:18
Obviously, we only have the initial press release.
6:21
It's not really telling us too much.
6:23
But it sounds like what we've heard from Scott Besson is
6:27
exactly what they're doing. 1 They're not going to sell the
6:29
Bitcoin anymore. So I mean, on one hand, if they
6:32
were, you know, on the verge of selling that, that'd be another
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120 K plus Bitcoin being dumped on the market.
6:39
You you thought 100 and take 110K dump was was epic.
6:44
It looks like we would have been a lot lower if they were dumping
6:47
this. And the second part is when we
6:53
kind of were covering that link conversation, there was an
6:56
interesting kind of word play in that, in that they didn't say
7:01
they were going to well, the, the link conversation didn't
7:03
specifically say they're going to buy more Bitcoin per SE.
7:07
It said we are going to continue to accumulate Bitcoin.
7:10
And we've been covering this for a while.
7:11
This whole idea of budget neutral ways to acquire Bitcoin.
7:15
Remember what they said, and they like the official release
7:18
of this is that, you know, asset seizures, asset forfeitures,
7:23
that's one of their ideal ways to acquire more Bitcoin.
7:27
And they're definitely doing that now.
7:28
I know for a lot of Bitcoiners or maybe newer bitcoiners,
7:32
they're probably wondering like I thought Bitcoin was, you know,
7:35
what, what's the confiscation? What, what's the mean?
7:39
We always say. Unconfiscatable.
7:42
Exactly. Shout out tone Bays, by the way.
7:44
Yeah. And I'm, I'm guessing that, you
7:48
know, their cold storage wasn't really the strongest.
7:51
I'm guessing it was just on the computer just.
7:53
Chilling. I do want to explore that topic
7:54
a little bit more 'cause Zach XBT, he's pretty well known in
7:59
in Bitcoin X circles just for kind of like his investigative
8:05
prowess. He did some more investigations
8:09
regarding this, and I do want to get into some of the details.
8:12
So he said what's most interesting is wallet addresses
8:17
listed in the US government's $14 billion seizure previously
8:22
were named in a Milky Sad report two years ago for having
8:26
vulnerable private keys. And now the US government says
8:30
they have custody of them. Wait, sorry, I was in the chat.
8:33
What? What was that?
8:34
What was that? OK, I'm going to read it one
8:36
more. Sorry for me.
8:36
So Zach's XPT says what's most interesting is wallet addresses
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listed in the US government $14 billion seizure previously were
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named in a Milky sad report two years ago for having vulnerable
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private keys. And now the US government says
8:53
they have custody of them. Interesting.
8:56
So what? I mean, vulnerable private keys
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can mean a lot of things, right? Yeah, it can mean a lot of
9:01
things. So yeah, I mean, are they?
9:09
Dude, they're hacking Bitcoin wallets.
9:11
Yeah, that would that's, that's some soft war G money, Jason
9:15
Lowry type stuff. There, let's take a look at some
9:18
of the comments. So here's Emmett Galik and he
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says, I don't think the government has the funds.
9:23
Lubian ran by a criminal organization, got hacked in
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2020. The hacker currently has the
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funds as we speak. Doesn't make sense to the hacker
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if the US government, since they would have announced it already.
9:34
the US government explicitly says it's in their custody.
9:38
And then Ahmed says not totally convinced.
9:41
So anyways, let us know what you guys think.
9:44
I mean, we've seen this before when they when they do kind of
9:47
these seizures. I mean, you saw the Canadian
9:49
government do this with a Canadian truckers protest where
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they, you know, they said, look, you know, these these coins are
9:56
seized, but as long as they don't have the private keys to
9:59
them, they don't have the private keys.
10:01
But apparently these bitcoins were moved, right?
10:03
So these were moved and that coincides with the DOJ press
10:08
announcement. But yeah, I mean, if you are to
10:11
believe the official announcement, the US government
10:13
currently holds 325,000 Bitcoin, which again, you know, keeps it
10:20
in front of everyone else. And as Opti was saying, they
10:23
might not have bought Bitcoin yet.
10:25
They might have stuck with the peso.
10:27
They might have bought the peso instead of Bitcoin.
10:30
But at least we know they're not going to just dump that 325,000
10:34
Bitcoin on the market and 'cause even more downward sell
10:38
pressure. Anyways, before we move on to
10:41
the next topics I do want to cover, I do want to cover this.
10:44
This just kind of like what's on my mind lately, Opti.
10:48
Yeah. Wait, wait, wait.
10:49
You said you had a theory here. What is this theory you're
10:52
talking about? Have I heard this?
10:54
About what specifically? About why Trump or the US
10:57
government hasn't bought Bitcoin yet or announced it.
11:00
Yes, thank you so much for reminding me OK, so here's my
11:03
theory. It's pretty simple and actually
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this didn't this this didn't come from me.
11:07
So shout out to the person who told me this and if you're
11:09
watching this shout out to you. I don't know if you want me to
11:12
dox you, but basically, and the logic is super sound.
11:16
He's like, look, Nico, they're not going to announce anything
11:21
till they have their bags. And I was like thinking about, I
11:25
was like, duh. But if you think about it for a
11:28
second, like we have Howard Lepnick going on Anthony
11:32
Pompliano's back on Anthony Pompliano's podcast basically
11:35
saying, hey, I'm going to I'm going to buy millions of dollars
11:38
for the Bitcoin. You have the Trump family owning
11:42
the 6th largest Bitcoin treasury company.
11:46
You have Barron Trump, who made $150 million at the tender age
11:50
of 19 years old, Right? The kids.
11:52
Like, hey yo, pods. Kids a kids a teenager, right?
11:57
Doesn't even know, like it's a he's a teenager, bro.
12:00
He's a teenager. He's $150 million, bro.
12:04
Bro, Baron's a Chad. Baron's got aura.
12:06
Of course he understands. He's 19.
12:08
Years old bro you don't know anything about.
12:10
You don't know anything about anything at 19 years old bro.
12:14
He knows how to DJIN in the crypto market so.
12:16
Apparently he knows how to do that, so and he's made $150
12:21
million. Apparently he was the one who
12:24
told his family about Bitcoin and about crypto.
12:29
He was the one who was showing Trump how to run a social media
12:35
campaign during the previous election.
12:37
So I mean, again, the when this was told to me, it just made
12:43
total sense. And I'm connecting the dots with
12:45
what Arthur Hayes said. And what what Arthur Hayes said
12:49
was basically, look, I think this bull market is going to run
12:53
until the end of the Trump administration, like until 2028.
12:57
This bull market's just going to run.
13:00
And that makes perfect sense. And I think you know what, we've
13:03
all come to terms with this cycle specifically and what the
13:07
observation that I've made, and I told you guys this yesterday,
13:11
is that no one has any idea what's going on with the cycle.
13:15
No one has any idea. This is complete uncharted
13:18
territory. A lot of people have theories
13:21
and explanations, but people don't know what's actually going
13:24
on. So my thesis with this my, my,
13:27
my theory with this is simple. I think as long as soon as Trump
13:32
and Howard Lepnick and the people that have the most to
13:37
benefit have their bags packed, they're going to go on on
13:41
national TV and say the US government has officially
13:45
started buying Bitcoin for its strategic reserve.
13:49
And Bitcoin is going to pump to the moon like we've never seen
13:52
before. But they're not going to do it
13:54
before they have their bags packed.
13:57
And that makes perfect sense. And it kind of explains all this
14:00
price action because think about the liquidation event that Trump
14:04
caused on Friday, right? Like he literally from a Truth
14:09
Social post, he literally just told the world like, hey,
14:15
therefore with China markets, literally the biggest red candle
14:18
we've ever seen in Bitcoin's history, right?
14:21
So yeah, I mean, I tend, I tend to agree with that bro.
14:25
I think it's a really good theory and my personal humble
14:27
opinion. Well, you know, my favorite part
14:29
about this theory, Nico, is I'm being gas lit live on this show.
14:32
Guys, I swear I've been telling Nico this for months now and he,
14:37
Nico agrees with everyone but me, and he hears it from
14:40
someone. I was like, yeah, that makes
14:41
perfect sense. When I say it, he's just like, I
14:43
don't know about that. What are you talking about?
14:48
I, I totally agree. I, I think that's exactly what
14:50
we're seeing happen. Obviously they have been
14:54
telegraphing a lot of their moves.
14:55
And if you look at a lot of people in the Trump
14:58
administration, they're, you know, they're in Bitcoin.
15:00
You could argue that maybe they're not full blown Bitcoin
15:03
maxies, but they want to see Bitcoin succeed.
15:06
And this is what we were talking about yesterday.
15:07
And Nico and I were actually having this conversation this
15:10
morning about like, we might not be seeing 80% drawdowns anymore
15:16
because there is so much money on the line now.
15:18
Like literally the biggest names in the world are in Bitcoin, or
15:22
at least have put some kind of career.
15:26
What what, what's the word like? They not putting their whole
15:29
career on it, but like they are putting their name in the ring
15:32
here and they want to see Bitcoin succeed.
15:34
If they are putting this much money into Bitcoin or even just
15:37
talking good about Bitcoin, then I, I think it's a very safe bet
15:42
to think that they're gonna be buying the dip.
15:44
They're gonna make sure that this doesn't crash on them
15:46
because a crash would mean a lot worse for them than it does for
15:50
us. Like, yeah, we would lose
15:51
whatever, you know, 80% of our net worth, but like 80% of 0 is
15:57
like, it's still 0. When you have trillions,
16:00
millions, billions of dollars on the line, an 80% drawdown hurts
16:04
a lot more. So I, I think they, I think the
16:07
idea of an infinite bid here is what is, is exactly what we're
16:11
seeing here. They don't want to see this
16:13
thing go down. And as we've been kind of
16:15
covering and we're all kind of wrapping our heads around it
16:18
and, and really I think fighting this idea a lot is like, guys,
16:21
there's a new investor here, There is a new Bitcoin market
16:25
participant. And at this point, Nico, it's
16:28
almost like, be careful what you wish for, you know, like we all
16:32
wanted the institutions to come in.
16:34
We're like, they're going to pump our bags.
16:36
And now they're in and we're seeing Wall Street games being
16:39
played with Bitcoin And we're, we're like, you know, the, the
16:43
tail on the dog and we're just getting freaking pulled around
16:47
in every direction. And we're just like, guys, can
16:49
you please pump our bag? Like, can you pump it instead of
16:52
wrecking us? It'd be a lot more fun if they
16:55
were pumping it right now. But right now, I think the
16:58
volatility, volatility is definitely trying to shake out
17:02
the the we can so that they can acquire a position.
17:05
And I think that fits perfectly with this idea that they're not
17:09
going to announce a strategic Bitcoin reserve until they
17:11
actually have a solid position. Now it is interesting that
17:15
Bitcoin is an open Ledger and obviously we don't know what
17:19
their addresses are until they announce what their addresses
17:21
are. But if they are acquiring a huge
17:25
amount of Bitcoin, I'm sure some of these, you know, address
17:29
trackers on Twitter probably might have an idea of, of who
17:34
they are. Obviously we won't know until
17:35
it's officially kind of embraced or announced that these are our
17:39
wallets. But yeah, we're we're seeing
17:41
some crazy stuff happen in the markets right now and best place
17:45
to be is in spot Bitcoin, I would say.
17:48
Spot Bitcoin in self custody. Guys.
17:51
It's gonna be an incredible show.
17:52
Shout out to the live stream. Shout out to the X audience.
17:55
Wow, YouTube's on fire right now. 810 live viewers on YouTube
18:01
alone. If you guys are enjoying the
18:02
show so far, welcome to the simply Bitcoin Live studio.
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If you guys are enjoying the show, share the show.
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Share the show with your friends and we'll we'll try to orange
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fill them, but it's going to be an incredible show.
18:18
Elon Musk seems to understand Bitcoin.
18:22
He said some he had an interesting response to Zero
18:26
Hedge yesterday. We're going to get to that as
18:28
well. And also Lola Leet's incredible
18:31
journalism. She dropped a really, really
18:34
good article. We're going to cover that.
18:36
We're going to do a little bit of a deep dive.
18:38
And I just a reminder for you guys, the midterms are coming up
18:42
next year in 2026, the US midterms.
18:46
And if you're a Bitcoiner in the United States, it's incredibly
18:49
important that you support pro Bitcoin, anti CBDC candidates.
18:54
You guys know the deal here at simply Bitcoin.
18:56
We lean let we don't lean orange or we don't lean red or blue.
19:00
We lean for team orange. So we don't care what political
19:03
party you stand for. We care that you stand for
19:06
Bitcoin. So we're going to be doing a
19:07
little bit of a deeper dive into that.
19:09
And next year, the year of the midterms are going to be doing
19:12
more coverage on pro Bitcoin candidates.
19:15
And actually we're going to try to get some of them on the show
19:18
and interview them. Because at the end of the day,
19:20
ladies and gentlemen, we have a decision to make in front of us.
19:23
We have either the route of central bank digital currencies
19:27
or we have the route of, of, of Bitcoin, right?
19:30
So it's literally Bitcoin or a continuation of the Fiat system.
19:34
That's the world ahead of us. And we had we want to have
19:37
representation. We always hear about democracy,
19:40
right? We want to have representation
19:42
that actually represents what we want the world that we want to
19:45
live in as bitcoiners. So anyways, guys, it's going to
19:48
be an incredible show. But before we jump into all of
19:51
that, I do want to give a very special shout out to our lead
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We're going to be right back in just a bit.
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Alright everybody at the time wide shot please.
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At the time of recording the Bitcoin prices $112,400 block
22:03
hike 919,059 sats per dollar 800-9800 and 90 sats per dollar
22:10
Market cap 2.24 trillion Bitcoin versus gold market cap 7.78%
22:16
decline from all time high. If you're buying Bitcoin right
22:18
now, you're getting it at a 11% discount.
22:21
Realize monetary inflation .84%. In the grand scheme of things,
22:25
we're just getting the party started.
22:27
Anyways, what I want to cover today is this post from Zero
22:31
Hedge. So Zero Hedge yesterday said the
22:34
money is not the problem, AI is the new global arms race and
22:39
CapEx and CapEx will eventually be funded by governments, US and
22:43
China. If you want to know why gold,
22:46
silver, Bitcoin is soaring, it's a debasement to fund the AI arms
22:51
race. But you can't print energy.
22:54
Oof, That is deep, man. Now, what's really interesting
22:58
about this? You say, OK, there's an AI arms
23:00
race. You know, all these governments
23:03
are like pouring money into AI, into data centers, and it's all
23:07
about AI. But The thing is, at the end of
23:10
the day, AI, you know, it needs data centers and data centers
23:14
are powered by what they're powered by energy.
23:17
Now the really interesting follow up is Elon Musk.
23:21
That's right, Elon Musk responded to this post and he
23:24
said, true. This is that is why Bitcoin is
23:27
based on energy. You can issue fake Fiat currency
23:32
and every government in history has done so, but it's impossible
23:36
to fake energy. Elon gets it, bro.
23:41
I mean, he gets it. He gets it.
23:42
He's saying that Fiat money is fake.
23:46
He that's a very bold statement. And I all I want you guys to
23:49
understand too is that both Tesla and SpaceX both have
23:56
Bitcoin on their balance sheet. And what's significant about
24:00
Tesla is that Tesla is one of the big seven, right?
24:05
So this is one of the big, the big tech companies and they hold
24:12
a lot of Bitcoin. So they mean business.
24:15
Now I know they had a little bit of some, some lettuce hands
24:18
right now, Tesla is the 11th largest publicly traded company
24:24
that has Bitcoin with 11,509 Bitcoin.
24:29
Now, what's really interesting about this too, Joe Burnett, I
24:33
actually had a really, really funny ass post the other day.
24:36
I actually replied to it. I was like laughing out loud,
24:40
but Joe Burnett basically said it was something related to the
24:44
M NAV. But it was absolutely hilarious.
24:47
I got, I got to find this 'cause it was super, super funny.
24:50
Oh yeah. So Joe Burnett was and Joe
24:53
Burnett, for anyone who doesn't know, he's the director of
24:55
Bitcoin strategy at Selmer Scientifically Scientific and he
24:59
says Tesla is trading at A at 1897 XM NAV.
25:06
They should consider issuing equity to buy Bitcoin.
25:08
I thought that was hilarious, but it's also true, right?
25:12
Like you compare the M NAV with a lot of these other companies.
25:16
You know, their M NAV is much smaller, right?
25:18
It's like it's close to 1. I think it's some, I'm not going
25:20
to name any names, but some of the treasury companies.
25:24
No, a lot of these people are my friends, man.
25:26
I don't want to put them under the fire.
25:30
I don't want to name any of these names.
25:32
I don't want to name any of these companies my name bro.
25:34
You know who they are. I'm going to get a I'm going to
25:36
get a message. I'm going to get a call like
25:38
saying, Nico, what the F, but you guys know who they are.
25:42
If you guys are investors in Bitcoin treasury companies like
25:44
you know exactly what I'm talking about.
25:46
Some of these treasury companies are treasure are trading below
25:50
their M NAV. But as Joe, as Joe Burnett so
25:54
astutely pointed out, he said Tesla's trading at 1897 X their
26:01
M NAV right? And then he says they should
26:03
consider issuing equity to acquire more or acquire Bitcoin.
26:06
Now what's really interesting about this Opti is that we know
26:09
Elon is hyper competitive and if Tesla is trading at 1897 X their
26:17
M NAV, Elon could pull an Elon. This is the richest man in the
26:21
world bro. This is someone who's worth 450
26:26
billion. I thought it was, I thought it,
26:27
I thought it was 500. I did it hit I think.
26:30
It hit 5. 100, so $500 billion, just to give you guys an idea of
26:34
how much that is. So you guys maybe guys perhaps
26:37
don't understand the GDP of El Salvador is $32 billion, right?
26:43
So this is your favorite stuff, this man?
26:44
No, because it gives the, IT gives the like it gives the
26:47
proportion to how much. Dude, it's it's half a trillion
26:50
dollars. It's half a trillion dollars.
26:52
That's huge. It's ridiculous.
26:54
It's like more the GDP of like most countries, right?
26:57
And that's just Elon's net worth.
26:59
So if Elon really wanted to pull, you know, an Elon, all he
27:04
had to do is saying, hey, Tesla is buying Bitcoin.
27:07
You know what that would do to the stock of Tesla?
27:10
And mind you, Tesla is a profitable company.
27:14
They have the best selling car on the face of the planet, which
27:17
is the Model Y I'm, I'm not kidding there by the way, the
27:20
Model Y is the best selling car on the face of the planet and
27:23
all. The best selling?
27:23
I thought you were saying the best car.
27:25
Sorry, I no. No, no, that that's open to I
27:27
thought I. Thought you were being.
27:28
That's open to interpretation. Super objective.
27:30
No, no, no. That's.
27:31
Open to interpretation, but the the Model Y is the best selling
27:34
car on the face of the planet, so think about that for a
27:38
second. If Elon wanted to pull an Elon,
27:40
'cause I know he's super competitive, he wants to be #1
27:44
dude, what does he do? He starts buying Bitcoin with
27:47
Tesla. What do you think that would do
27:49
to the Tesla stock? Especially if Bitcoin stops
27:53
being a stable coin? Cause Bitcoin's being a stable
27:57
coin right now. It's not nice.
27:58
It's not nice at all. It's not nice.
28:00
It's not nice. What?
28:01
What's Tesla's market cap? Let me let me look that up.
28:03
Real, that's a good question. They're the 10th most valuable
28:06
company in the world by market cap at 1.45 trillion. 1.35
28:11
trillion so. I have two different.
28:13
Two different So it's half of it's half of Bitcoin's market
28:16
cap, literally Tesla's half of Bitcoin's market cap right now.
28:21
That's pretty crazy. Dude, Musk himself, half a
28:25
trillion dollars could buy a quarter.
28:28
He's worth 1/4 of the Bitcoin market cap.
28:31
Yeah, I mean, that's, that's not, that's wild.
28:33
It's crazy. But I do want to hit on it has
28:38
been a very long saga with Elon Musk.
28:43
What I'm, I was trying to look it up, but I'm, you know, I'm in
28:47
the mothership over here, guys. What maybe Nico, maybe you know,
28:51
remember when he came out and tweeted the whole we will accept
28:57
Bitcoin again once Bitcoin is green?
28:59
Was that 2021? I'm blanking on the on the year.
29:03
Was that 2021? I think Elon's.
29:05
Got I I I should have replied to that post bro.
29:08
I don't know why I didn't. Guys in the chat, if you
29:09
remember the day, I think it or the year, I think it was 2021,
29:13
maybe 2022 or I I was thinking 2020, but that's a little early.
29:17
I think it was 2022, if I remember correctly.
29:22
So it it's basically anyways, the only reason I'm bringing
29:25
this up and, and hopefully someone will drop it in the chat
29:28
that remembers, but it's been basically three years since Elon
29:33
has said anything about Bitcoin. If I'm remembering correctly.
29:36
It's been, it's been three years.
29:37
Like he was very favorable. He was talking about Bitcoin for
29:40
a long time. And then he, you know, did that
29:44
whole like we're not going to accept Bitcoin anymore because
29:47
until you guys proved to me that it's 51% green.
29:51
And then he went completely radio silence for the past like
29:54
3 years, 2-3 years, I think it was.
29:57
All right, everyone's saying 2021, OK, And it marked the top.
30:01
OK perfect. So all right, even further, it's
30:03
been 4 years basically since Elon Musk has talked about
30:07
Bitcoin. Now we've done videos about Musk
30:10
and kind of, you know, reading between the tea leaves, we saw,
30:14
you know, Tesla, they're still kind of acquiring Bitcoin.
30:17
They're not really selling Bitcoin, but he's been pretty
30:20
silent on on the whole Bitcoin idea.
30:23
And you ain't silent anymore. Yeah, he's exactly.
30:27
He's pretty. He's pretty vocal about it.
30:29
Calling Fiat currencies a scam. Yeah, 100%.
30:32
And I think that's the like, that's the interesting story
30:35
here is he went on, you know, radio silence for a couple of
30:39
years, said, hey, it needs to be green and then we'll accept it
30:44
again. And now that Bitcoin is getting,
30:47
you know, some Main Street, it's it's entering the mainstream
30:52
conversation. He comes out and he's just like,
30:54
yeah, Fiat is a scam. We need energy money like full
30:58
bunk. What's that buck Minister Fuller
31:00
tweet, you know, energy back money.
31:02
And we'll see. What is this going to mean that
31:05
Tesla, SpaceX and all them are going to start acquiring more
31:09
Bitcoin? Or or is he just laying the
31:11
seats? I.
31:12
Think the most 4D chess move of of Elon would be for Tesla to
31:18
start acquiring Bitcoin and I think it would just like their
31:22
stock would just start pumping like crazy.
31:25
Like obviously he doesn't have as much control as Sailor does.
31:29
Like, I mean, but Elon does technically control like he has
31:33
control of Tesla. But it would be a little bit the
31:35
market perhaps might see it as a little bit more reckless because
31:39
again, it's not just a pure Bitcoin treasury play.
31:42
It's, you know, this is like this is a big seven company.
31:46
How is that more honestly, that's like the Chad move.
31:49
I have a profitable company and I'm putting my my treasury in
31:52
Bitcoin versus the zombies it's about.
31:54
Perception though bro, at the end of the day it's perception.
31:57
Bro Oh yeah I see what you mean cause Tesla is getting kind of
32:00
beat up right now. Yeah, it's perception like in.
32:02
But but like outside marketing, like look, I'm not a stock
32:05
market guy. I don't come from the
32:07
traditional financial world, but what I will still say is like,
32:10
think about it from this perspective.
32:11
Opti, like Bitcoin starts pumping.
32:14
Bitcoin stops being a stable coin because it's been a stable
32:16
coin this whole year. I don't care what anyone says
32:18
and it stops being a stable coin and all of a sudden we get a
32:21
Bitcoin pumped to like A130140 whatever and BIC.
32:25
What is this? A pump for ants and.
32:27
Tesla announces that it's buying Bitcoin.
32:30
You better bet that that Tesla stock is going to RIP like
32:34
you've never seen before. It's going to RIP, bro.
32:37
It's going to go bananas. It's going to go crazy.
32:40
And then officially marks the 2025 top.
32:44
All right, everybody, we have a fantastic show for you guys
32:47
lined up. We got a lot of messages
32:49
yesterday regarding our merch we got.
32:53
It's a lot of it was flying off the shelves.
32:56
So I do want to give a shout out to our merch.
32:58
Ladies and gentlemen, if you want to support the show, go to
33:02
simplybitcoin.com today. Get yours while supplies last.
33:07
All of this is all limited. We do not drop ship.
33:10
We pay attention to the fabric. All of them are labeled simply
33:15
Bitcoin. These are custom shirts.
33:17
This is not drop shipped at all. We buy the inventory beforehand,
33:21
but if you want to support the show, go to simplybitcoin.com.
33:24
Go to merch and check out the new collection.
33:26
It's awesome. Bitcoin is going to add another
33:30
0. This is not in a negotiation the
33:33
one that Opti is wearing right now yeah.
33:35
Get yours while supplies last if you want if you guys want to
33:38
support the show, but anyways, we still got an incredible show
33:41
lined up for you guys. We're going to talk a lot about
33:43
a lot some some interesting things during the news segment.
33:47
Lola Elites just dropped a really, really good article.
33:50
So we're going to do a deep dive into that and much, much more.
33:53
So we're going to be right back in just a bit.
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36:34
Before we dive into the article, Thank you Opti.
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37:21
Anyways Opti if you could make us wide shot please you should
37:27
do the the. Wide shot the yeah, wide shot
37:30
opti. Wide shot opti.
37:32
So anyways, Lola Leitz, I want to read you guys this this
37:36
latest post that she that she came out with, which I found
37:41
quite interesting. Oh, and also Trey.
37:45
Trey there, Trey Cross. Trey Cross, yeah.
37:49
So anyways, Trey Cross, thank you.
37:52
Democrats want the Treasury to decide what code you're allowed
37:56
to develop, run and deploy, crushing an entire industry in
38:00
the process. The most pressing question seems
38:03
to be what would be left of the 1st Amendment if Democrats got
38:07
their way. According to a leaked proposal,
38:10
Democrats argue that Treasury should be granted authority to
38:13
decide what non custodial software is legal in the US and
38:18
what software isn't. Non custodial services should
38:22
not be should not just be subject to KYC and sanction
38:25
regulations, but the Treasury should be allowed to place any
38:29
non custodial service on a designated blacklist,
38:34
effectively deciding what software US Americans are
38:39
allowed to interact with. And an open letter BP is Zach
38:44
Shapiro gets to the heart of the issue.
38:46
The Democrats effectively want to tell, quote every developer
38:50
and entrepreneur that building true peer-to-peer infrastructure
38:54
is off limits. These are very similar arguments
38:58
recently made in Roman Storm's motion for acquittal.
39:02
At trial, the government effectively argued that Storm
39:05
should have built an entirely different software to avoid
39:09
criminal charges, one that is able to identify users and stop
39:13
illicit activity from taking place.
39:16
As Shapiro writes, code is speech, and publishing software
39:21
is not a crime, at least for now.
39:24
Here are some of the details. The peer-to-peer architecture of
39:28
block chains is not a side feature.
39:31
It is the core innovation that separates these networks from
39:34
traditional financial rails. It replaces the need for trusted
39:39
intermediaries with cryptographic verification,
39:42
making finance open audible. How do you say I?
39:48
I what? What?
39:49
I don't know the word. I can't audible.
39:52
Audible and accessible to anyone.
39:55
That's what makes it both anti authoritarian and profoundly
39:58
inclusive. Subjecting these those systems
40:02
to discretionary licensing by US regulators would destroy that
40:07
design at the root. So anyways, moving on to a reply
40:12
by A a a a a post by Troy Cross. And he says Democrats somehow
40:17
failed to learn from the last election.
40:20
I will spell it out clearly. He said this in all caps.
40:23
By the way, do not needless needlessly threaten 10s of
40:28
millions of highly motivated citizens across the political
40:32
spectrum who only want the freedom of transacting directly
40:36
with each other. How hard is that?
40:39
So this goes to the core of the issue, something that we've been
40:42
talking about. And as we head into the midterms
40:45
again, the reason we put our hat in the ring behind RFK Junior
40:54
and President Trump last election cycle was because of
40:59
Operation Choke .2. Point O is extremely
41:03
disappointing that after the last election, which is a clean
41:07
sweep for the Republican Party, they won the House, they won the
41:12
Senate and they won the presidency.
41:15
Still, the opposing political party still has not learned its
41:20
lessons and has still taken a very hostile stance towards the
41:25
industry. Now what is even more troubling
41:28
from some of these reports again is that this was a leaked
41:33
proposal. We, this was not supposed to see
41:35
the light of day. This was a leaked proposal that
41:39
they want Treasury to get to decide what code you can run and
41:45
what code you cannot run. And that is a very dangerous,
41:49
dangerous precedent. We were, we were talking about
41:52
this for the longest time. And I think one of the things
41:56
that's that that kind of slip up here is that I think that they
42:02
have based their whole system on the idea that there was always
42:07
going to be a custodian, a third party of which they can tap on
42:12
and they can use as some type of enforcer.
42:16
I think that was always kind of baked into the theory.
42:19
I think that was always kind of baked into the worldview.
42:23
I don't think they ever play plans for this peer-to-peer
42:28
communication protocol. I mean money protocol that is
42:32
Bitcoin. I don't think that they've, I
42:34
don't think that they've ever planned for a peer-to-peer
42:37
communication that we're seeing with the Internet.
42:40
And I think you're seeing them react to that.
42:42
But at the same time, it kind of exposes incentives.
42:45
It also kind of exposes what they really want because at the
42:49
end of the day, this is a representative got, this is
42:51
supposed to be a Republic. This is supposed to be a
42:55
government that represents the people and behind the scenes, I
43:02
don't think that the people, I don't think that if people, I
43:04
think if people knew about this, I don't think they would support
43:08
it. And this goes to Troy Cross's
43:11
argument, which is do not need to need to needlessly threaten
43:16
10s of millions of highly motivated citizens across the
43:21
political spectrum who only want the freedom of transacting
43:24
directly with each other. And that's exactly what they're
43:27
doing. I've been making the argument
43:30
for a long time now that I think one of the major key factors for
43:35
Kamala Harris losing the last election was the stance that the
43:41
Democratic Party took on Bitcoin and crypto, full stop.
43:47
I think it was a key factor because before last year,
43:51
neither Opti or I really gave a flying F about politics.
43:57
We didn't talk about it. We like, we maybe we talked
44:00
about it privately, but we didn't talk about it publicly on
44:03
the show. And it wasn't until they started
44:07
going after our industry hardcore that we were forced to
44:12
say, hey, man, it's probably a good idea to vote for Trump or
44:16
RFK because if not like, they're going to go after our industry.
44:21
And it breaks my heart that despite the results of the last
44:27
election behind the scenes, they still think it's a good idea,
44:33
right, to go after the industry. Like, that's ludicrous.
44:37
That's insanity, right? Now, I do want to specify this
44:41
isn't monolithic, right? You have Ro Khan of California,
44:44
you have Democrats that do support the industry.
44:50
But again, is that Democrat leadership, right?
44:55
I'm not seeing it. I'm not seeing it.
44:58
So from my perspective as a single issue voter, as someone
45:02
that truly believes that Bitcoin fixes things, I'm still not
45:07
convinced. I'm still not convinced.
45:10
The Republican Party made it very, very explicit that they
45:16
are making Bitcoin part of their party platform, the right to
45:21
self custody, the potential, if they have the votes to introduce
45:26
a strategic Bitcoin reserve protecting developers.
45:31
You have President Trump who pardoned Arthur Hayes.
45:34
There's rumors that he's going to pardon CZ.
45:37
He pardoned who else? Ross Ulbricht, right?
45:41
That's what I'm seeing. So I'm not really paying
45:44
attention to all the other issues that are talked to being
45:46
talked about. I think all the other issues are
45:48
symptoms of a broken system. But dude, this, this, this is
45:52
not make me happy. This is this makes me very upset
45:55
because I thought we've moved past this.
45:58
I thought the last election showed that, hey, it's probably
46:02
not a good idea to go against a big portion of the electorate
46:08
who are holding Bitcoin and crypto.
46:10
It's probably not a good idea to to do that.
46:12
And you know who holds the majority of Bitcoin and crypto?
46:16
It's the younger generations, man, the generations that got
46:20
absolutely. I don't I can't even say it.
46:23
They got the the bad deal out of 2008 and you're basically saying
46:29
no, you can't escape. We get to decide what money you
46:32
can use and what software you can run.
46:35
Despite what happened in 2008, despite what Fiat is doing to
46:41
the economy, doing to people, doing to the future, and despite
46:45
all of that, we're going to ignore all of that.
46:48
We hear you, but we still want to get to decide what software
46:52
you can and cannot run like it. It's exposing incentives Opti
46:56
and it's a tragedy, man. It's really, really sad.
46:59
It's really, really sad because I don't want this to be a
47:02
partisan issue. Could you imagine in 2008 when
47:06
sorry, not 2008, 2028, the next presidential election?
47:11
It it So we're we're just get we just have to support one side
47:14
because the other side just doesn't like the industry like
47:17
it. Is that what's going to happen?
47:18
Like is it just going to be like that would suck.
47:21
That'd be terrible. Like, this is not a partisan
47:24
issue. Like Bitcoin is the most
47:26
inclusive money the world has ever seen.
47:28
It supports the lower middle classes the most because it
47:32
actually gives them the ability to save for the future.
47:35
That's fantastic. That's awesome.
47:37
We should want more of that, right?
47:39
Should we not want more of that as Americans, as the world?
47:43
Right? This this isn't we're talking
47:44
about American politics, but this applies to your politics
47:47
and your country as well. Like this should not be
47:50
partisan. Like you should want your
47:53
government to get to see give you it's it's a Freudian, it's
47:57
slipping out of my mouth. You should want your government
48:00
to be OK with you being able to save for the future.
48:04
Like that's not a crazy ask. What do you think?
48:08
Opti? Am I crazy?
48:10
Like I, I know I'm being a little bit like emotional about
48:12
this, but like, dude, like despite the last election, it
48:17
seems like no lessons were learned.
48:20
Dude, obviously no lessons were learned.
48:23
Bro. Like, come on.
48:26
This is why I'm not surprised as you guys know, I mean someone
48:30
said in the chat, you know, hashtag.
48:32
What was it hashtag free Opti opti gate.
48:34
Opti Gate. Look at this comment.
48:36
Niko was right about everything. Yes, I, I, I tell I I take
48:41
credit for that. Why do I take credit for that?
48:44
Because you guys were giving me so much S when we were talking
48:48
about Trump and we were saying, hey, guys, it's probably a good
48:50
idea to like, you know, vote for the pro Bitcoin candidate,
48:53
NTCBDC candidate. We should probably get behind
48:55
JFK. And you guys are like, Bitcoin
48:57
isn't political. Listen, guys, Bitcoin itself
49:01
might not be political, but a world under a Bitcoin standard.
49:04
The political implications of that are huge, right?
49:08
So we all, we have to be real about that.
49:10
So Opti, why did you know this? How did you know this?
49:14
Well, I mean, what? Type of savant.
49:17
Idiot savant. Idiot savant.
49:18
Come on, let's get it right. Idiot savant.
49:21
The reason I'm not really that surprised is 1.
49:25
I did come to Bitcoin apolitical.
49:28
I've been a polite, I mean, you guys saw Nico, Nico was yelling
49:31
at me all of last year about how I had to get out there and vote.
49:35
And I, I literally came to Bitcoin because I wasn't
49:39
political and I was like a political money.
49:42
That's right up my alley. As you guys know, Fiat money is
49:45
political. Like we, we seen the Fed and
49:48
Jerome Powell and Trump arguing. We're seeing the geopolitical
49:51
implications of Trump tweets like the money is political.
49:55
And even though I think Bitcoin is a political, that by its very
49:59
nature means it is political like because it's a political
50:03
that makes it political. The money is the most political
50:06
thing on planet Earth right now. As we all see essentially every
50:11
four years. We just vote for who is in
50:13
control of the money printer. Like that's what that's what
50:15
we're all doing here. Now.
50:16
You asked me why wasn't I surprised?
50:19
Well, I remember a few couple of things.
50:21
One is, as we've been covering throughout this whole time that
50:25
Bitcoin had or rather that DC has landed ended on our
50:29
doorstep. There's a few things that I
50:31
remember very clearly. One, of course, you know, Nancy
50:34
Pelosi is not a big fan of Bitcoin. 2.
50:36
Elizabeth Warren was not a big fan of Bitcoin.
50:39
And for better or worse, I mean, if, if you're a Democrat, if
50:43
you're a, you know, registered Democrat and you're a Bitcoiner,
50:46
these are the people, you know, that seemingly are the ones that
50:50
are in control, not necessarily they're in control of the
50:54
Democratic Party, but whatever they're saying is what is the
50:57
prevailing narrative around now in the Democratic Party?
50:59
They, they, I don't know where they get the narrative from or
51:02
who gives it to them. But when they say something that
51:05
seems to be like the, the, the mainstream opinion on the left.
51:09
And if they are, you know, some of the, the leading figures here
51:13
and they're anti Bitcoin, they want to fight Bitcoin.
51:16
You know they have the anti crypto army out here.
51:22
Whoever thought that was a good thing to run on like that is
51:26
that is nonsensical. An anti crypto or you know who
51:30
owns the majority of crypto and Bitcoin?
51:33
Young people like young people aren't going to rally behind
51:37
Fiat like oh anti crypto army, Fiat army.
51:41
Like no bro, that's the whole point.
51:44
Like like people don't, they're not going to rally behind that.
51:47
That's moronic in my opinion. Yeah.
51:49
And and then further, like, why am I not surprised guys like as
51:55
much as they seeing what Trump is doing, or rather maybe the
51:59
Republican Party embracing Bitcoin, everything they do.
52:03
And, and I'm not going to say it, *** I'm not, I'm not going
52:05
to say it because the last time I did, you know, we had.
52:08
The #optigate. I mean let let but but.
52:12
I will say it nicely, whenever the Trump administration or
52:17
rather Trump himself and the people that follow Trump embrace
52:20
something, they have a very instant knee jerk reaction to do
52:24
the complete opposite just because they spite the man.
52:27
And so why do I think, or rather, why am I not surprised
52:31
that they didn't, you know, have a change of heart and, you know,
52:35
start to embrace Bitcoin because they see the young people are in
52:38
control or embracing Bitcoin is because they're, can I even say,
52:42
drunk on power here. They want the power and they'll
52:45
do anything to basically, you know, keep the divide going left
52:49
versus right. And so we view Bitcoin.
52:52
And like I said, apolitical money.
52:53
It is. Wait, actually, let me let me go
52:55
back here. Nikka, what's the thing you
52:56
always say? The most inclusive, equitable
52:59
money in the world? What is it?
53:00
What is it? The most inclusive, equitable
53:02
money the world has ever seen, Right?
53:05
It's rules without rulers. No one owns it.
53:07
No one controls it. It's full transparency.
53:09
It's full accountability. Bitcoin is money for the little
53:13
guy, right? And the Democratic part, the
53:16
Democratic Party's platform is all about supporting the little
53:19
guy. It's, it's really about
53:20
supporting the little guy. So when you take an anti Bitcoin
53:24
stance, like I don't understand the argument, they, I, I don't
53:28
understand it. It doesn't make any sense to me.
53:31
It, it, it inflation hurts the little guy the most.
53:35
So the fact that the little guy now has an escape from their
53:40
currency being debased, I would say is, is a good thing.
53:43
It's not a bad thing. So, you know, one of the awesome
53:47
things about Bitcoin is that it exposes incentives.
53:50
And I think as more time goes by, more incentives are going to
53:56
be exposed because Bitcoin is not compatible with certain
54:01
ideological worldviews, right? And the way that we've been
54:07
marketed, you know, again, it, it, this is supposed to be a
54:11
representative, this is supposed to be a, a, a, a Republic where
54:15
you have representatives representing your interests,
54:19
right? But the beauty about Bitcoin is
54:21
that it exposes incentives. Now our, our incentives going to
54:25
be exposed. That's the, that's the number
54:28
one question. I think incentives are going to
54:30
be exposed that that's my opinion anyways, guys, we're
54:33
going to get to the culture. We still.
54:34
As they just were. I think incentives are going to
54:37
be exposed and I think people are going to have questions to
54:40
answer. And do they have, do they have
54:43
answers to those questions? Is, is the question right?
54:46
So anyways, guys, we still have a lot to cover during the
54:49
culture segment. Opti, what do you have lined up
54:51
for us bro? Guys, guys, I think the bull run
54:55
has been saved. I think the bull run, I repeat,
54:57
I repeat, I think the bull run has been saved all.
55:00
Right, guys, we're going to be right back and Opti's going to
55:02
tell you why the bull run has been saved.
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freedom. All righty guys.
57:09
I saw someone in the chat, like in the Miami Vice.
57:12
Yeah, that that was what we were going.
57:13
For well, someone earlier said I can't take Miko seriously with a
57:17
purple and orange background, so mix them in.
57:20
We're getting some mixed responses here.
57:22
All right, all right. What?
57:23
What colors should you? What color should we make the
57:25
background then? Honestly, I kind of like the
57:27
vibe. I kind of like it.
57:29
It looks like a sunset. It's nice anyway.
57:30
Anyways. Guys, I mean, but they they
57:33
wouldn't understand the Miami sunsets, literally.
57:36
Yeah, sorry, I just muted you Miami.
57:38
Sunsets literally look like this.
57:39
They are like kind of. It's true.
57:42
It's true. Can't confirm, can't.
57:43
Confirm they are pinkish. All right, guys, as I was
57:45
telling you and someone said the the Bull Run's been saved by the
57:48
government. No, no.
57:51
No, that's not, that's not that's.
57:52
Not what I meant guys. Me magic is back on so I don't
57:58
know if you guys saw but Jim Cramer literally tweeted tweeted
58:03
some good bullish news here. This first one I'm actually kind
58:07
of trolling but there there is actually some some signal to to
58:11
this yeah yeah so anyways, Jim Cramer the infamous and the the
58:17
great Jim Cramer the great inverse Cramer indicator is back
58:21
on boys and girls and he goes the hope we can take the air out
58:24
of quantum nuke crypto and put that money into to the real
58:28
economy stocks. It can be done seamlessly then
58:31
we will be fine so you heard it here first guys Jim Cramer is
58:36
bearish on Bitcoin and crypto and you guys know what that
58:40
means it means bro reverse inverse Kramer is back on he he
58:45
basically also tweeted literally right when the price started
58:48
dumping that first dump like he's bullish on crypto.
58:51
So it takes a week for him to, you know, flip flop and and hey,
58:55
that's the best indicator we can have here that it's kind of a
58:58
troll. This this is kind of just memes.
59:00
You guys have been asking for the memes.
59:01
So I'm I'm trolling with the memes, but actually more real,
59:04
like bullish news here. A real more like actually macro
59:08
kind of signal that we're getting from the market is that
59:11
Jerome Powell just came out and he said the Fed could end QT in
59:16
the coming months. So if you guys don't know what
59:19
that means, it essentially means money printer is about to go
59:22
Burr guys. They they're officially
59:25
telegraphing and projecting that they're no longer going to be in
59:28
quantitative tightening, which is of course, you know,
59:30
tightening on the money supply. Now it seems like we are going
59:34
to be entering quantitative easing again and they're going
59:37
to expand the money supply. The printer's going to come back
59:39
on. And it actually leans into what
59:41
Scott Besson has been saying. Or the new Fed guy, I forget
59:44
what his name is, Steve Stephen Moran.
59:46
This is nice man. Look checking this out.
59:48
What you got? Oh, whoa, look at that.
59:53
Opti Kramer, bro. Opti Kramer.
59:56
I do like that's clean. That is super clean.
59:58
But yeah. So Scott Besson and the new Fed
1:00:01
governor Stephen Moran. They have both been signaling
1:00:06
that they want to return back to quantitative easing.
1:00:08
There's been a lot of projections and telegraphing
1:00:11
about, hey, easing probably coming back on the table.
1:00:14
And I think we're seeing this in, you know, people investing
1:00:18
in bonds and stuff there, or rather not investing because the
1:00:21
interest rates are going to get cut.
1:00:22
So guys, very seriously, I, I know I started with a troll
1:00:26
about Jim Cramer here, but it does seem like quantitative
1:00:30
easing is back on the table and they're going to turn on the
1:00:34
money printers guys. And we know what happens when
1:00:36
the money printer turns on. Please turn on those money
1:00:38
printers. Please turn.
1:00:40
Who could have ever thought we were we, You know, this, this
1:00:43
was like a cypherpunk movement. You know, we were all about
1:00:47
well. Someone earlier is like, I, I'm,
1:00:48
I'm leaving this channel because these guys keep cheering on the
1:00:51
US government stealing Bitcoin and now, now they're government
1:00:53
show. Look guys, I we actually had
1:00:57
this conversation multiple times behind the scenes.
1:00:59
It means it was like, wait, so if the government prints more
1:01:03
money and they expand the liquidity and that means
1:01:09
bitcoins going to go up because more global liquidity, are we
1:01:12
kind of incentivized to be like, yeah, keep printing the money
1:01:16
because our bags go up? Even though, even though it's
1:01:18
gonna hurt a lot of people, you're kind of like, dude, I
1:01:21
hate to say it, but. It's kind of someone in someone
1:01:24
in the chat. Print harder, Daddy, let's go.
1:01:28
No, I mean, but that that's the whole base case behind Larry
1:01:31
Leopard and Lynn and Arthur Hayes.
1:01:34
Like they're they're basically saying they don't they don't
1:01:36
have a choice but to print. So if they don't have a choice
1:01:39
but to print, I mean, like they don't have a choice but to
1:01:44
print, dude, like they, they're, they're going to have to print
1:01:46
to meet their financial obligations.
1:01:49
And if they print, obviously that means number go up for
1:01:53
scarce assets. But I mean, I don't know man,
1:01:56
like right now I'm kind of like worried a little bit because
1:02:03
Bitcoin is still in stable coin mode.
1:02:06
So, you know, until we hit 130 K, I'll start feeling my, my,
1:02:11
you know, my, my soul coming back into my body because this
1:02:15
whole year has been, it hasn't been that great.
1:02:18
It hasn't been that great. I'll be honest with you, bro, it
1:02:20
has not been that great. Anyways, so Opti's making the
1:02:24
case the bull market is back on the table.
1:02:27
Guys, we got the ME magic back on the table.
1:02:30
Jim Cramer's bearish on on Bitcoin.
1:02:34
I did ask to chat. I said is the bull market?
1:02:37
Over 775 of you guys voted. 19% said yes, the bull market is
1:02:46
over. 81% of you guys voted no, that the bull market is not.
1:02:50
OK, I might have to readjust for.
1:02:54
A Jake, people are saying pump without the bull market and the
1:02:56
last comment I'll pull up pump without the printer, pump
1:02:59
without the printer last someone saying that, you know, Q bull
1:03:04
market's gonna be in 26 so. That's that's a good tweet right
1:03:08
here or a good comment. So unpopular opinion number go
1:03:11
up for mining printer doesn't make us richer.
1:03:13
True. I do, I do wanna give us, I do
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Anyways, guys, we love you all. We appreciate you all.
1:03:48
Thank you guys so much for tuning in to another episode of
1:03:51
Simply Bitcoin Live. We'll see you guys tomorrow,
1:03:54
Sophie's going to be filling in for me.
1:03:56
I'm going to be traveling for the next two weeks or so.
1:03:58
I'm going to be in Canada for the Canadian Bitcoin Conference,
1:04:02
and then I'm going to be in Lugano for the Plan B forum.
1:04:06
So I will be back the week of the 27th, but until then,
1:04:08
Sophie's going to be filling in for me.
1:04:10
Guys, love you all. We appreciate you all, and we'll
1:04:12
be back tomorrow for another episode of Simply Bitcoin Live.
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