Latest / Simply Bitcoin / Larry Lepard Breaks Down the Recent Bitcoin Crash | EP 1216

Transcript

Larry Lepard Breaks Down the Recent Bitcoin Crash | EP 1216 · Simply Bitcoin

• 0:00
  Yo, Larry Laparde accurately predicted this recent market
• 0:04
  crash, but also made a shocking prediction about where Bitcoin
• 0:08
  goes next. Let's get straight into this
• 0:11
  prophecy from only 8 days ago, and I want you guys to pay very
• 0:16
  close attention to what Larry predicted about Bitcoin's price
• 0:20
  after he nailed this recent market crash.
• 0:23
  Let's check out the clip. Larry, what's going on with the
• 0:26
  price of Bitcoin? And your answer was fascinating.
• 0:30
  Yeah. So, yeah, let me just elaborate
• 0:33
  on what I think's going on. And it's probably not what
• 0:34
  Bitcoin is want to hear right now.
• 0:36
  But so I, I think if you look at what's going on where we are on
• 0:39
  the movie, right, we're at the point in time where the the US
• 0:42
  stock market is about to roll over.
• 0:44
  It started rolling over, broke through some critical resistance
• 0:48
  and we're in a little bit of a bounce right now, but I think
• 0:50
  we're about to have another leg down.
• 0:52
  And this is all being driven by the Trump policies, you know,
• 0:54
  the tariffs and, and kind of the disruption stuff he's doing.
• 0:57
  And, you know, the market doesn't like uncertainty.
• 0:59
  There's a lot of uncertainty. So and, and the market's very
• 1:02
  overvalued using any historical measures.
• 1:04
  So I believe we're about to enter a market downturn, fairly
• 1:08
  significant one. It's kind of down 10% from the
• 1:10
  top. I think we could easily go down
• 1:12
  20 and maybe even 30 or 40 over the next few months.
• 1:15
  And if that's the case, that's a negative liquidity event, You
• 1:19
  know, people, stocks get marked down and people feel less
• 1:21
  wealthy and, and it's, you know, a cyclical thing for the
• 1:24
  economy, etcetera. And so typically when that
• 1:27
  happens, all asset prices go down because people have to sell
• 1:30
  to meet margin calls, so on and so forth.
• 1:32
  And as I was saying to Nico pre pre show, you know, bitcoins not
• 1:37
  immune from this, sadly, it, it is sound money.
• 1:40
  It, it should be a, a safety bid, but, but it won't
• 1:42
  necessarily get a safety bid. And, and so I'm actually of the
• 1:46
  view that just to cut to the chase that we could see a lower
• 1:49
  Bitcoin price before we see a much higher Bitcoin price.
• 1:52
  And you know, by that I mean, maybe something in the high 70s,
• 1:54
  something starts with a 70, which I know is not what people
• 1:56
  want to hear, but I think it's, I think it's possible.
• 1:59
  If it does happen, I don't think it'll last for long.
• 2:02
  The reason I say that is that the Federal Reserve has already
• 2:04
  started to indicate they're going to loosen.
• 2:07
  They, they, they reduce the amount of quantitative
• 2:10
  tightening that they are doing from 25 billion a month to 5
• 2:13
  billion a month. That's a big cut in a
• 2:15
  concession, I think, on the part of of Powell to to help Trump
• 2:20
  out. And, and I think that when the
• 2:22
  market rolls over the way we're describing, it won't be long
• 2:25
  until the economy and employment and all the other indicators
• 2:27
  start to indicate softness too. And even though they haven't
• 2:30
  really licked inflation, they're going to look beyond that and
• 2:32
  just say, well, OK, time to time to get more aggressive about
• 2:35
  cutting and they're going to cut.
• 2:37
  And when that happens, then bitcoin's going to go the other
• 2:39
  way. And it's because that in my
• 2:42
  view, will be the the prelude to what will ultimately be coming,
• 2:45
  which of course is the name of the book, the big print.
• 2:47
  And so, you know, as I said to Nico, I also think by the end of
• 2:50
  the year, bitcoin's going to be at 1:40 to 2:50.
• 2:53
  So that's December. But I guess the point I'm trying
• 2:56
  to make it, and this is just a guess.
• 2:57
  I mean, I've been wrong a lot probably be wrong about this
• 2:59
  too. But you know, you have to win.
• 3:00
  You're a macro guy and you're making investments, you're
• 3:02
  managing a fund. You got to try to make your best
• 3:05
  estimate of what's going to happen.
• 3:06
  And, and I, I think the stock market's in trouble and I think
• 3:09
  that right now there's a lot of correlation between the high
• 3:11
  tech stocks and Bitcoin. I think this cycle will break
• 3:14
  that correlation, that this will be the time when you know the
• 3:18
  stock market will roll over and they will come with liquidity to
• 3:21
  try and prevent the downturn from occurring and the stocks
• 3:24
  will ignore it. All right, everybody.
• 3:29
  And Larry got that absolutely 100% right.
• 3:33
  That was only 8 days ago backstage at the Mining Disrupt
• 3:37
  conference in Fort Lauderdale, FL.
• 3:39
  And exactly what he predicted in regards to the market is
• 3:43
  happening completely red. I mean, the S&P is literally
• 3:47
  falling off a Cliff. If you look at the chart and
• 3:51
  what what Larry said regarding the decoupling is actually
• 3:55
  happening. The Bitcoin price is actually
• 3:58
  holding strong despite one of the worst days in the SNP.
• 4:04
  So I mean, this is crazy, bro. This was this was prophetic.
• 4:07
  Is Larry Leopard the new Lisan Al Gaib?
• 4:11
  Josh Mandela held the title for a couple of weeks, and now it
• 4:16
  could be a couple of days. And now it's Larry Leopard and
• 4:19
  we have a little sneak peek for you guys.
• 4:21
  We're actually going to be interviewing Larry Leopard here
• 4:24
  at the Bit Block Boom conference.
• 4:25
  Dante's going to be having that interview.
• 4:27
  So we're going to have another update for you guys from the new
• 4:30
  Profit because he hit the nail on the absolute head here.
• 4:36
  But again, what's really interesting to me, I was
• 4:38
  thinking Bitcoin was going to fall off a Cliff.
• 4:41
  Like the fact that Bitcoin is holding strong.
• 4:43
  Like Bitcoin historically has been treated like a risk on
• 4:47
  assets. So it it should be falling off
• 4:49
  the off the Cliff with the S&P. But that's clearly what's not
• 4:53
  happening. Anyways, Opti, what's your take
• 4:56
  on all this bro? Yeah, well, shouts out to Larry
• 4:58
  and and honestly shouts out to him in that in that clip,
• 5:00
  because he was very humble about it.
• 5:02
  I know he kind of gets a lot of a lot of the trash talking on
• 5:05
  Twitter. They call him a doomer all the
• 5:07
  time. And he's like, look, as a macro
• 5:09
  guy, you make predictions, you may be wrong.
• 5:12
  You got to, you know, eat that humble pie when you're wrong.
• 5:15
  But hey, a week ago, we didn't really know what was going to
• 5:18
  take place with all these tariffs.
• 5:20
  Obviously, now in hindsight, we know what happened.
• 5:23
  There's been global chaos in all markets.
• 5:25
  You know, Nasdaq's down this morning worse than it was
• 5:27
  yesterday. We're seeing even gold's kind
• 5:30
  of, you know, not hitting all time high right now.
• 5:33
  So we're seeing that there is a lot of uncertainty in the
• 5:36
  markets. But the biggest signal here is
• 5:39
  what Nico just said. Bitcoin is holding very strong.
• 5:42
  It's super resilient right now. I know when we were watching the
• 5:45
  speech the other day, we saw it go up to about 87, almost 88,
• 5:49
  and then it went down to 81. But today it's at like 83 in.
• 5:53
  In the face of all this economic uncertainty being caused by
• 5:56
  tariffs, I think Bitcoin is holding on very, very strong.
• 5:59
  I think that is the silver lining right now.
• 6:02
  And maybe this is the greater trend we've been thinking was
• 6:04
  going to play out in a long time.
• 6:06
  The tariffs are causing a lot of economic uncertainty, but now
• 6:09
  maybe maybe people are starting to understand that Bitcoin isn't
• 6:11
  necessarily that risk on asset that they thought it was.
• 6:15
  It might in fact be that risk off asset and the fact that it
• 6:18
  is holding this strong in the face of literally the worst.
• 6:22
  I think of the I think Rusty and I were talking about this this
• 6:24
  morning. It was all on CNBC, the worst
• 6:26
  two day market downturn since 2020 and Bitcoin didn't dump
• 6:32
  this time. So we're may not be seeing a
• 6:34
  Black Swan moment like we saw in 2020.
• 6:36
  This may be, I don't know if you say it the opposite way, like a
• 6:39
  white swan moment here where Bitcoin is acting very, very
• 6:44
  well right now. And I know like Larry was
• 6:46
  saying, hey, this is probably not what Bitcoiners want to
• 6:48
  hear. He's kind of saying maybe it
• 6:49
  goes to 75 K, but by the end of the year, it might or probably
• 6:54
  will go into the mid 6 figures. I know Arthur Hayes is kind of
• 6:58
  saying something similar. We covered that on Monday.
• 7:00
  He said, look, I think it might go down to 76 K, but I think
• 7:04
  shortly after it'll go into, you know, 200K territory and he's
• 7:08
  kind of leaning more towards 200 K territory.
• 7:10
  So what do we really know? Obviously, we're reading tea
• 7:14
  leaves here, but it is absolutely incredible that Larry
• 7:17
  Leopard kind of, you know, hit the ball out of the park on this
• 7:21
  prediction. And I think it really goes to
• 7:23
  once you understand Bitcoin fundamentals and of course, now
• 7:26
  we're all macro experts because we have to be.
• 7:28
  You kind of see the writing on the wall and you're seeing, hey,
• 7:31
  things are essentially playing out how we've been talking about
• 7:34
  all week. You know, we're seeing this war
• 7:36
  between Scott Besset and Jay Powell.
• 7:38
  It seems like Powell is kind of getting put in his place.
• 7:41
  And you know, the 10 year Treasury is down under 4%.
• 7:46
  And there, if you watch that whole clip, Larry said there's
• 7:49
  four things that he watches. He watches the price of Bitcoin,
• 7:52
  the price of gold, the price of the NASDAQ, and then of course
• 7:55
  the 10 year Treasury bond yield. And most of those things are in
• 8:00
  the red. And Bitcoin is holding very
• 8:01
  solid right now. So I would say it's a lot of
• 8:04
  bullish indicators in Bitcoin's favor.
• 8:07
  Obviously we want to see the Bitcoin price RIP because of
• 8:10
  course we're, you know, we're, we're stupidly bullish on
• 8:12
  Bitcoin always. But I think in the face of all
• 8:15
  the economic uncertainty, Bitcoin is holding up very
• 8:18
  strong. And this tariff stuff is, is a
• 8:20
  big deal right now. And we're seeing that there is a
• 8:23
  lot of fear in the markets. And I mean, yesterday we were in
• 8:27
  a Lyft and even our Lyft drivers were talking about what's going
• 8:30
  on in the markets. So we're we're almost I I don't
• 8:33
  want to say we're at the like shoeshine boy being bullish on
• 8:36
  Bitcoin, but we are at the shoeshine boy talking about the
• 8:39
  global, global markets because it's that impactful.
• 8:41
  So it seems like Bitcoin is just, I don't know.
• 8:43
  I would say it's ABS absolutely doing an incredible job right
• 8:47
  now. I'm I'm just happy I'm a
• 8:49
  bitcoiner considering everyone else is freaking out. 100% I
• 8:52
  mean it, it's crazy that again, Bitcoin is not acting like a
• 8:56
  risk on asset. People are using it.
• 8:58
  I mean it, it, this is this is uncharted territory right now.
• 9:02
  Again, I think Trump, Trump's in the driver's seat.
• 9:05
  I think Trump is actively trying to force the hand of the Fed to
• 9:09
  change from that QT stance to that QE stance.
• 9:12
  And during the new segment, we're actually going to do a
• 9:15
  little bit of a deep dive. We have a theory we're
• 9:18
  speculating here. There's no way to confirm this
• 9:20
  for sure, but it's Trump trying to end the Fed all together.
• 9:25
  I mean, we have a couple of clips that we have compiled and
• 9:29
  it makes a very strong case that that is his goal.
• 9:32
  I don't think from an Overton Window perspective, that is
• 9:36
  something that he can publicly say.
• 9:38
  But there is a very famous clip going around a couple days ago
• 9:42
  of Elon Musk essentially being asked by a member of the crowd.
• 9:45
  He was actively campaigning, I think it was in Wisconsin.
• 9:48
  And he was act like, you know, Elon, what do you think about
• 9:51
  the Fed? And then as a joke, Elon was
• 9:52
  like and the Fed and the Fed. And then he ended the
• 9:56
  conversation with essentially making the case that hey, look
• 9:59
  like, you know, he started talking about waste and he
• 10:04
  started talking about doge, right?
• 10:06
  So we've been making the case that, look, even if DOGE gets
• 10:11
  some of this crazy deficit spending under control, there's
• 10:15
  still going to be a tremendous amount of waste because it's not
• 10:18
  addressing the root cause. And we're just one
• 10:21
  administration away from essentially reversing all the
• 10:24
  work that DOGE has done. The root cause of all this is
• 10:29
  the central Bank of the United States.
• 10:31
  It is the Federal Reserve. It's the ability for the
• 10:34
  government to create money for free that everyone else has to
• 10:37
  work for. All the things that are
• 10:39
  happening in the in in government right now with all
• 10:42
  these inefficiencies, that is the root cause.
• 10:44
  And if you don't address the root cause, the problem is going
• 10:48
  to continue repeating. Not only repeating, it's going
• 10:51
  to continue to get worse. So we're going to be talking
• 10:55
  about this. We have a bunch of clips
• 10:56
  compiled to make the case for you guys.
• 10:59
  I mean, Trump might be playing 3D forty chess right now.
• 11:03
  His goal might be to end the Federal Reserve.
• 11:06
  Once you guys see these clips towards the middle of the show,
• 11:09
  I mean, they make a very, very strong argument of just that.
• 11:13
  But today's headline is Bitcoin is holding strong while the
• 11:18
  market, the SNP, continues to meltdown.
• 11:21
  Again, this was predicted by Larry Leopard 8 days ago.
• 11:24
  We just played you guys the clip.
• 11:25
  We're going to get you guys a new interview regarding Larry's
• 11:29
  current thoughts at the Bit Block Boom conference.
• 11:32
  I think tomorrow that's going to be happening.
• 11:33
  So guys, it's going to be a great show.
• 11:35
  We have tons to cover. We also have a clip of you guys
• 11:39
  of Preston Pish talking about essentially what's going on,
• 11:43
  what's going on with Bitcoin, how Bitcoin is essentially
• 11:46
  changing the whole global macroeconomic landscape.
• 11:50
  It's forcing people to forcing countries, it's forcing nation
• 11:54
  states, it's forcing economies to kind of change their outlook
• 11:58
  because Bitcoin exists. And again, you don't change
• 12:00
  Bitcoin, Bitcoin changes you guys.
• 12:03
  It's going to be a great show. If you guys are enjoying it so
• 12:05
  far, 1200 of you guys watching live between YouTube and X, make
• 12:11
  sure to smash that like button and want to give a shout out to
• 12:14
  the live chat and appreciate the Super chat from Vault Dweller.
• 12:18
  Thank you for the $2.00. So guys smash that like button.
• 12:21
  If you guys are enjoying today's show, we still have a ton of
• 12:25
  content to get to. We'll be right back.
• 12:27
  We're going to hit the number second numbers segment.
• 12:38
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  not allowing you to huddle your Bitcoin for the long haul.
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  I mean, here is the plate that they crushed, they put in water,
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• 14:01
  today. All right, everybody, we are
• 14:06
  back. Let's jump straight into today's
• 14:09
  numbers. We have tons to talk about.
• 14:11
  Here we go. At the time of recording, the
• 14:13
  Bitcoin price is $83,120. Block height 890,916 sats per
• 14:20
  dollar 1203 market cap 1.65 trillion Bitcoin versus gold
• 14:26
  market cap 7.72% Percentage issued 94.5% decline from all
• 14:33
  time high -23 point 9% Realize monetary inflation .8 through
• 14:39
  eight 8%. Anyways, I have a clip for you
• 14:41
  guys from the BTC session show. Preston Pish has some thoughts
• 14:47
  regarding the whole Fiat system Bitcoin.
• 14:50
  I thought it was really interesting.
• 14:51
  I'm going to play it for you guys and then me and Opti will
• 14:54
  discuss. When I look at everything that's
• 14:57
  happening right now, they're being forced, traditional
• 15:00
  finance, Fiat, all of it. They're being forced to play our
• 15:04
  game is all there is to it. There's going to be a lot of
• 15:06
  confusion. This is going to be very messy.
• 15:08
  No one ever thought this was going to be very simple.
• 15:11
  And just like in the individual, when they come into this space
• 15:14
  and they get all excited and they go out and they buy a bunch
• 15:17
  of this coin, that coin, and they really don't even
• 15:19
  understand what it's all about. You see that then happen at an
• 15:21
  organizational level and now you're literally watching it
• 15:24
  happen at a nation state level. And it shouldn't surprise
• 15:27
  anybody because it at the very top of a nation is a leader and
• 15:32
  a person who's calling the shots and their whole staff is falling
• 15:35
  in underneath of them and they're they're propagating
• 15:37
  these messages. And so sometimes you see in El
• 15:40
  Salvador where somebody just kind of gets it right out of the
• 15:42
  gate. They're orange pill.
• 15:43
  They understand why bitcoins very different.
• 15:45
  And you get that's that leadership that's all underneath
• 15:47
  of that. And you saw that, you know, in
• 15:50
  style. You saw this also with
• 15:52
  MicroStrategy with Michael coming in and he's a hardcore
• 15:54
  bitcoiner. The only thing he buys is
• 15:56
  Bitcoin. You might see that approach.
• 15:59
  You might not see that approach. I would argue in the US where we
• 16:02
  came from in the past administration and what they
• 16:05
  were trying to do with a crypto army to defeat it and put all
• 16:09
  these things in place. I mean, Gary Ginsler was a
• 16:11
  puppet, trying everything to stop the SAB 1/21 as an example.
• 16:16
  All of those things, they're all being reversed and turned inside
• 16:19
  out. And so as I'm looking at this,
• 16:21
  why am I bullish? Well, I'm bullish because
• 16:23
  they're being forced to play our game.
• 16:24
  And when I look at like SAB 121, all these banks, they're going
• 16:28
  to come into this hardcore, they're going to come into this
• 16:32
  okay. And if you think you're going to
• 16:33
  turn that off after four years, after they get totally ingrained
• 16:37
  into this ecosystem, you're totally kidding yourself.
• 16:40
  Now, are there going to be a lot of mistakes?
• 16:42
  I, I hope not. I hope I'm trying to do
• 16:45
  everything I can, writing different articles talking about
• 16:47
  rehypothecation and the risks that are associated with that
• 16:50
  being pulled back and, and what not.
• 16:52
  But we got to try the best we can.
• 16:54
  And it's an, it's an education burden.
• 16:56
  And I'm super, super, holy crap am I bullish going into this
• 17:01
  year. But I also want to take all the
• 17:04
  lessons we've learned for the past decade and 1/2 and try to
• 17:08
  apply that to and try to teach people the best we can so that
• 17:12
  we don't keep repeating the same mistakes.
• 17:15
  And my God, there's a lot of mistakes we've made or seen in
• 17:18
  the past that I think we can learn from.
• 17:20
  Today's bullish bit was brought to you by Coin Kite, makers of.
• 17:26
  Sorry about that. The end.
• 17:28
  Anyways, Opti, what's your take? I mean press and pitch dropping
• 17:31
  the wisdom on why are we bullish, What are your thoughts?
• 17:36
  Yeah, well, obviously I love Preston pitches analysis on all
• 17:39
  things stock market. You know he, I think he's been
• 17:42
  one of the and I hate to use it, thought leaders in the Bitcoin
• 17:45
  space who's been nailing a lot of this stuff and, and I find it
• 17:48
  very interesting. You know, a lot of us
• 17:49
  bitcoiners, we we do kind of get ahead of our skis at times when
• 17:54
  we talk about Bitcoin because we fundamentally have our biases
• 17:58
  being confirmed constantly. We think Bitcoin is the best
• 18:01
  asset, the best money in the world to hold and a lot of times
• 18:04
  we forget just how tiny the Bitcoin market is in general
• 18:08
  compared to other global assets. But as press and pitch is kind
• 18:12
  of laying out, it's we're starting to see that every other
• 18:16
  institutional asset manager, basically everything in the
• 18:18
  world right now that has to do with capital is starting to play
• 18:21
  our game. And I love how he said it's like
• 18:22
  they're being forced to play our game.
• 18:24
  And of course, by that we're talking about the Bitcoin game,
• 18:27
  hard cap, supply, censorship resistant, permissionless
• 18:29
  network, 24/7 global liquidity. And, and we're starting to see
• 18:33
  that there is this transition era that we're going through.
• 18:36
  Yes, Bitcoin is maturing. Yes, we're entering a new
• 18:39
  paradigm, but it it's starting to seem like the, you know, the
• 18:42
  leaders of the world or the leaders of capital in the world,
• 18:45
  whether it's the Larry Finks, the Donald Trump's or everyone
• 18:48
  around the world is starting to have to take a very serious look
• 18:51
  into Bitcoin. And I think that's what Preston
• 18:53
  pitch is laying out there. Obviously, he can say it a lot
• 18:56
  better than I can, but we're starting to see that a new game
• 18:59
  is starting to kind of proliferate right now.
• 19:02
  And hey, as we know, the meme, as Max Keiser's been saying
• 19:05
  forever on every show he's ever been on, is you can't change
• 19:08
  Bitcoin. Bitcoin changes you.
• 19:10
  Now, of course, Bitcoin is tiny right now.
• 19:12
  So are we going to see Bitcoin instantaneously change
• 19:16
  traditional finance? Obviously, no.
• 19:18
  We've been doing this for about 16 years in the Bitcoin space.
• 19:21
  So that who knows how long this next transition phase is going
• 19:25
  to be, whether it's, you know, by the end of the Trump
• 19:28
  administration, whether it's two cycles from now.
• 19:30
  But we're starting to see that people are waking up to the
• 19:33
  proof of work mechanisms that is Bitcoin in every aspects of
• 19:36
  life. I've been saying this for a long
• 19:38
  time on the show. Proof of work is a lifestyle.
• 19:41
  It's not just, you know, how mining works.
• 19:43
  You have to put in the work. You have to adjust to how proof
• 19:46
  of work works and, and it seems like we might be moving away
• 19:49
  from a Fiat proof of stake system into a Bitcoin proof of
• 19:54
  work system. Obviously it's going to take a
• 19:56
  long, short or sorry, a long drawn out time here.
• 20:00
  It's not going to be easy. But I do think we are starting
• 20:02
  to see the beginning of people capitulating and bending the
• 20:05
  knee towards Bitcoin. It's, and it's not even because
• 20:08
  they want to, It's because they have to look at the markets
• 20:11
  today and look at the markets yesterday.
• 20:13
  People are freaking out right now, so they have to adjust
• 20:17
  their world. View and obviously as a
• 20:18
  bitcoiner, we're like we have the best world view we're able
• 20:21
  to predict where the future is going we're able to predict
• 20:23
  where the ball is going and we are just kind of waiting at the
• 20:26
  finish line. Obviously I'm not going to go
• 20:28
  full pod comped on Uniko and say that Bitcoin has already won,
• 20:32
  but we are ahead of the curve and we're just seeing everyone
• 20:35
  kind of start to realize what the hell is going on and somehow
• 20:39
  45 IQ bit corners on YouTube are like guys, it's it's it's pretty
• 20:42
  simple. We've been telling you all week
• 20:44
  what is going on and now it seems to be playing out.
• 20:46
  The dominoes are falling and I think Preston Pitch is right,
• 20:49
  the world is being forced to adopt Bitcoin, they're being
• 20:52
  forced to adopt our game and you just love to see it.
• 20:55
  A. 100% and anyone who doesn't have Bitcoin is going to be left
• 20:59
  behind. I think that is clear as day and
• 21:02
  really exciting times, man, we're heading in like even
• 21:05
  despite the market just dropping like crazy in the SNP, Bitcoin
• 21:09
  is holding strong again. The US government has every
• 21:12
  intent to, with this current administration to acquire more
• 21:16
  Bitcoin. I mean, I mean, this is pretty
• 21:18
  crazy. This is this, this is going to
• 21:19
  be a crazy 4th, 4th turning. I think the next four years
• 21:23
  we're going to see some crazy, crazy events that we've never
• 21:27
  seen in world history before. I think Breedlove thesis was
• 21:31
  that essentially at the end of this 4th turning, people are
• 21:35
  going to discover the answer to what is money.
• 21:38
  I think the world is slowly awakening to that, the global
• 21:42
  consciousness and of course, all roads lead to Bitcoin.
• 21:46
  Guys, stay tuned because during the news segment, I'm going to
• 21:49
  be making the case as to why the Trump administration possibly
• 21:54
  has the intent to end the Federal Reserve.
• 21:58
  There's a lot of things that he has said that, you know, makes
• 22:02
  you question. And again, I'm not the only one
• 22:05
  saying this, a lot of people are are, are also coming to this
• 22:08
  theory as well. So I'm going to be laying out
• 22:11
  the case for you guys. Also, it seems like there's
• 22:13
  currently some politics happening between the Fed that's
• 22:17
  supposed to be independent. But if the Fed is independent,
• 22:20
  who tells the Fed what to do, right?
• 22:23
  Like, you know, we always hear about a danger to democracy.
• 22:26
  We always hear about democracy, democracy this, democracy that.
• 22:30
  the Fed isn't democratically elected. the Fed is appointed,
• 22:35
  right? So you know that I find quite
• 22:38
  interesting because it's like we elect the president, but the
• 22:44
  president isn't the one making the decisions about the money.
• 22:49
  What's going on here, right? The curtain, I think, is being
• 22:51
  revealed. I think slowly but surely, the
• 22:53
  Overton window is shifting. And I think people at the end of
• 22:57
  the day, when they're going to come to the conclusion that the
• 22:59
  Fed is the sole cause for a lot of the economic woes that people
• 23:05
  are going through, I think people are feeling the wealth
• 23:08
  inequality. I think people are feeling the
• 23:10
  hurt of not being able to afford housing.
• 23:13
  I think people are feeling the hurt of not being able to afford
• 23:16
  rent. The millennial and Gen.
• 23:18
  Z generation were the first generations that are poorer than
• 23:21
  our parents, right? Like that, That's absolutely
• 23:24
  crazy, right? But what is the root cause?
• 23:26
  The root cause is broken money. The root cause is the ability
• 23:29
  for the governments to just create money for free that
• 23:31
  everyone everyone else has to work for inflation.
• 23:34
  Inflation is breaking the world. This is the whole basis of of of
• 23:39
  Larry's book, the big print. But Bitcoin fixes this and you
• 23:43
  don't have to wait for an election.
• 23:45
  You don't have to wait for a president.
• 23:47
  You can start adopting the Bitcoin standard today and start
• 23:50
  benefiting from bitcoins number go up technology.
• 23:54
  It provides an Oasis and a sea of inflation.
• 23:57
  Anyways, everybody we're going to get to the news.
• 23:59
  We have tons to talk about, guys.
• 24:00
  Smash that like Button Help us break 150 likes within the first
• 24:07
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• 24:10
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• 24:13
  We'll be right back. We're going to hit the new
• 24:15
  segment. Let's check it out.
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• 26:49
  All right, everybody, we are back.
• 26:50
  All right guys, bear with me because this is a this is a bit
• 26:54
  of a rabbit hole. 1st, I'm going to play you guys this clip from
• 26:57
  Matt Gaetz show again, we aren't the only ones that are coming to
• 27:02
  this conclusion. And what is that conclusion?
• 27:05
  That conclusion is, I believe Trump wants to end the Fed, but
• 27:11
  he can't overly say overtly say it.
• 27:14
  So bear with me, right? And we always talk about the
• 27:18
  Overton window and you guys make fun of me.
• 27:20
  But I'm going to, I'm going to, I'm going to define what it is.
• 27:23
  So the Overton window is the acceptable window of discourse.
• 27:27
  If you talk about a subject that's outside of the Overton
• 27:30
  window, you get, you get othered, you get considered a
• 27:33
  radical, you get it, it, it, it seems crazy to most people.
• 27:38
  So our job as Bitcoiners is to move that Overton window.
• 27:42
  And we've done that tremendously.
• 27:44
  Elon has been mentioning mentioning on X all the time.
• 27:46
  He's like the Overton window has shattered because of how many
• 27:50
  things have happened in the last year and a half, two years,
• 27:52
  right? So the disintermediation of
• 27:54
  information completely happened, right?
• 27:56
  The vast majority of people now, not the vast majority, but the
• 27:59
  majority of people now get their news on social media and they
• 28:03
  don't get their news on legacy media.
• 28:05
  If you get your news on social media, you live in a completely
• 28:09
  different world than people that live in the get their news from
• 28:13
  legacy media. It's a completely different
• 28:14
  reality, right? So again, more people are
• 28:17
  awakening, more people are doing their own research, more people
• 28:21
  are getting their information from independent media sources,
• 28:26
  and in the process, they're waking up to reality.
• 28:29
  But again, if you're a politician, you can't just say
• 28:33
  things that seem radical because again, that gives ammunition to
• 28:37
  your political opponents and it also reveals what your next move
• 28:42
  is. So instead of judging people on
• 28:45
  what they say, judge people based on their actions.
• 28:49
  So that's what we're going to focus on today.
• 28:51
  Now, again, this is speculation. We're making a theory for you
• 28:55
  guys. We're we're making the case for
• 28:56
  you guys. And then let let us know what
• 29:00
  you guys think. Let us know down in the comments
• 29:02
  if if you guys believe we're seeing things that are not
• 29:05
  there. So first let's play this clip
• 29:07
  from the Matt Gates podcast and then we'll talk about it.
• 29:12
  Tyler, there was also this order that came out stopping the
• 29:15
  creation of a central bank digital currency.
• 29:18
  What do you make of that? So I was just talking to Josh
• 29:22
  about this. We've been actually talking
• 29:23
  about it all day. I've been making videos about it
• 29:25
  all day. And what it tells me is that,
• 29:28
  and this could be up for debate, but maybe Trump's looking to end
• 29:31
  the Fed or at least have some control over the Fed.
• 29:34
  And we haven't had that in a long time.
• 29:36
  And I know it's a very bold statement, but that's what it's
• 29:39
  looking like to me. One of the big things Josh has
• 29:42
  brought up tokenization, that's going to be massive as well.
• 29:45
  So, you know, one of the one of the other biggest things is the
• 29:49
  regulation side of it, right? When I think about this, this is
• 29:54
  a huge step towards freedom of money, freedom of commerce that
• 29:58
  we haven't had in so long, right?
• 30:01
  And with the Fed coming in and saying, with Trump saying to the
• 30:05
  Fed, you're, you're not coming in, you're not going to be part
• 30:07
  of this. I mean, he literally said that
• 30:08
  it's not going to be for the Fed, It's not going to be for
• 30:10
  the FDIC. You know, these groups that were
• 30:12
  forming, you're not allowed access.
• 30:14
  And it tells me that he's trying to decentralize our money and,
• 30:18
  and in turn that's going to decentralize everything that
• 30:21
  we're doing from. So, so think about what he said
• 30:26
  for a second, right? So decentralize the system.
• 30:30
  So the Fed, essentially Trump stopped the Fed from being
• 30:34
  involved in Bitcoin and crypto from a regulatory perspective.
• 30:38
  He also completely stopped what what I believe is the only
• 30:43
  future for central banks, the central bank digital currency
• 30:46
  and his executive order. He explicitly forbade the United
• 30:50
  States government from launching a central bank digital currency.
• 30:55
  Now, if you take a look at his strategy with the tariffs and
• 30:59
  you take a look at what Howard Lupnik is saying, Howard Lutnick
• 31:03
  said in an interview that essentially the goal is to end
• 31:07
  income tax for anyone who's not making 100, anyone who's making
• 31:12
  150K or below, they get to pay no income tax.
• 31:15
  But the only way that Trump is able to do that, again, he can't
• 31:19
  overtly do this. He's telling you his goal, but
• 31:22
  the only way he's he, the only way he's able to do that is to
• 31:26
  replace that revenue with a different form of revenue, which
• 31:30
  is what the tariffs are all about.
• 31:32
  This is why he continues to talk about the tariffs.
• 31:34
  He references the late 1800s. He's basically said that was one
• 31:39
  of the wealthiest moments in American history.
• 31:42
  We had so much money, we didn't know what to do with it.
• 31:45
  And the reason that the US government was so well funded
• 31:48
  was because of the tariffs. So again, he's not directly
• 31:52
  saying, OK, let's end the income tax via executive order.
• 31:55
  He's saying let's replace the income tax with another form of
• 31:58
  revenue. I think he might be doing the
• 32:00
  same thing with the Federal Reserve.
• 32:03
  But again, it's not what he's saying overtly.
• 32:06
  It's with his action. So again, he's taking away the
• 32:10
  Fed's ability to launch a central bank, digital
• 32:13
  currencies. And no, no, that's not that's
• 32:14
  not going to happen in the United States.
• 32:16
  He's taking out the Federal Reserve from the regulatory
• 32:21
  decisions with about the Bitcoin and crypto industry.
• 32:25
  Remember last year it would we found out multiple times I had
• 32:30
  Caitlin Long on the show and she explicitly told us about the
• 32:34
  Fed's hostility towards a lot of these crypto Bitcoin friendly
• 32:40
  banks, specifically Custodia bank that Caitlin Long was, was
• 32:44
  applying for a federal banking charter, which would allow her
• 32:47
  to be competitive with other other banks.
• 32:50
  She the Fed slow walked her. She needed the approval of the
• 32:53
  Fed to get that banking charter with Trump.
• 32:56
  Trump's coming in says no, you don't even need approval of the
• 32:58
  we're going to separate that right.
• 33:01
  So again, don't pay attention to what they're saying.
• 33:03
  Pay attention to what their actions.
• 33:04
  Now take a look at this clip from so-called liberation day.
• 33:10
  That's what Trump called it. That's not what we called it.
• 33:12
  He mentions a very specific year.
• 33:16
  That year is 1913. In 1913, two things happened,
• 33:23
  the introduction of the income tax and the establishment of the
• 33:29
  Federal Reserve Bank. Let's check out the clip. 1789
• 33:35
  to 1913, we were a tariff backed nation in the United States was
• 33:40
  proportionately the wealthiest it has ever been.
• 33:43
  So wealthy in fact, that in the 1880s they established a
• 33:48
  Commission to decide what they were going to do with the vast
• 33:51
  sums of money they were collecting.
• 33:53
  We were collecting so much money so fast we didn't know what to
• 33:56
  do with it. Isn't that a nice problem to
• 33:58
  have? What do you think Marco?
• 33:59
  Good problem. Marco would love that problem,
• 34:03
  but we don't have that problem anymore.
• 34:06
  But we're not going to have it very much longer, I will tell
• 34:08
  you. But they collected so much money
• 34:11
  they actually formed a Commission to determine what
• 34:13
  they were going to do with the money, who they were going to
• 34:15
  give it to and how much. Then in 1913, for reasons
• 34:19
  unknown to mankind, they established the income tax so
• 34:23
  that citizens rather than foreign countries would start
• 34:26
  paying the money necessary to run our government.
• 34:29
  Then in 1929 it all came to a very abrupt end with a Great
• 34:33
  Depression and it would have never happened if they had
• 34:37
  stayed with the tariff. So 1913, the establishment of
• 34:44
  the Federal Reserve, the whole point of the Federal Reserve was
• 34:48
  to like essentially stabilize markets, right?
• 34:52
  You know, make sure that unemployment is low, make sure
• 34:56
  that inflation is low. The two biggest depressions and
• 35:00
  recessions in American history have happened under central
• 35:05
  banking, the 1930s, and, of course, the Great Recession that
• 35:10
  happened in 2008, which led to the creation of Bitcoin.
• 35:13
  And all of this is connected, right?
• 35:16
  And I love his answer. His response for reasons
• 35:20
  unknown, right? Of course he knows the reasons.
• 35:23
  Of course he knows the reasons. But perhaps the reasons are
• 35:27
  outside of the Overton window. Now, again, I would say the good
• 35:31
  news is that I think people are waking up.
• 35:34
  Here is Elon during a campaign and someone from the audience
• 35:38
  explicitly asks him about the Federal Reserve.
• 35:42
  Take a look at Elon's answer. It's extremely important that
• 35:46
  you guys pay attention because Elon strolling Lee says and the
• 35:50
  Fed, but he ends up talking about wastes.
• 35:55
  And this is what we've been saying.
• 35:57
  The waste is enabled by the central banks.
• 36:01
  The central banks is what allows the waste to happen because if
• 36:05
  you don't have a central bank, if you don't have a money
• 36:07
  printer, the only form of revenue the government has is
• 36:12
  via direct taxation. And you could only make that so
• 36:16
  high before people start to get pissed off.
• 36:19
  But the reason that people don't notice that they're getting
• 36:23
  taxed in two different ways is because it's a very insidious
• 36:27
  tax. It's a the actual number in your
• 36:31
  bank account stays the same. So you don't realize that you're
• 36:36
  purchasing power decreases. And make no mistake, the cause
• 36:41
  of inflation, the cause of monetary debasement is not the
• 36:45
  weather. It's not what's happening in
• 36:48
  Ukraine. It's not, you know, whatever
• 36:51
  reason they, they've given us every single reason at this
• 36:54
  point. It's not any of those things.
• 36:56
  It is literally the government printing money.
• 37:00
  And remember, the US government has a $2 trillion deficit year
• 37:05
  over year. How are they able to spend more
• 37:10
  money every single year than they collect in tax revenue?
• 37:15
  They're able to do that because they're able to print the
• 37:18
  difference. And people, our job as
• 37:21
  Bitcoiners is to wake up people to that reality because all
• 37:26
  roads lead to Bitcoin. Bitcoin fixes this.
• 37:29
  Remember, every single block that Bitcoin survives continues
• 37:34
  to exist. It proves that money can exist
• 37:38
  without inflation. I show you guys this number all
• 37:41
  the time in Clark Moody's dashboard and I point, I pointed
• 37:45
  out on the very bottom right when me and Opti started
• 37:48
  covering the realized monetary inflation of Bitcoin, it was at
• 37:52
  roughly 3 or 4%. We've been covering this stat
• 37:56
  for you guys for about like a year and a half, two years now,
• 37:59
  and it's continued to go down. It's at .88%.
• 38:02
  It's going to go down to .5. It's going to go down to .1.
• 38:06
  It's going to go down to .2. Even if central banks get to
• 38:13
  that magic 2% number, Bitcoins inflation rate is still lower.
• 38:19
  Bitcoin proves that money can exist without inflation.
• 38:24
  And remember what NBK said on yesterday's show, and it's
• 38:28
  something really important for you guys to remember.
• 38:31
  If you have any type of wealth or any type of savings, you are
• 38:36
  forced to invest just to maintain your purchasing power.
• 38:41
  What if you're a painter? What if you are a plumber?
• 38:46
  What if you're a doctor? Why do you have to learn how to
• 38:50
  invest just to live? This is the problem that Bitcoin
• 38:55
  fixes. All Bitcoiners are advocating
• 38:58
  for is live your life, live below your means, save in
• 39:04
  Bitcoin and you can get by. We live in an upside down world
• 39:11
  because of Fiat, because of central banks.
• 39:16
  And I think Trump and Elon know this.
• 39:20
  I think Howard Lopnik know this. Remember, Howard Lopnik is a
• 39:23
  bitcoiner. Anyways, let's check out the
• 39:26
  clip from Elon. The half of America for the
• 39:28
  idiots you have to deal with, for what you're doing for us to
• 39:31
  improve our country. Second of all, my question is
• 39:35
  what is your opinion on the Federal Reserve and do you have
• 39:38
  any intentions of doing anything with them?
• 39:40
  And the Fed, yeah, I don't know. I always wanted to say that, you
• 39:50
  know, but, but I mean, I think that's like 20,000 people that
• 39:54
  work at the Fed seems pretty high.
• 39:57
  In fact, there's a lot of people who work with the Fed on us
• 39:58
  things like why do we have so many people at this at the Fed
• 40:01
  and what do they do? And you know, sometimes I wonder
• 40:06
  which one would win, you know, the federal for interest rates,
• 40:11
  the, the federal, the board of the Federal Reserve or a Magic 8
• 40:14
  ball. And I'm like, I think the Magic
• 40:18
  8 ball might win, you know? So then I'm like, well, Magic 8
• 40:22
  ball is a lot cheaper, so. You know, it's like you shake
• 40:28
  it, it says check back again later.
• 40:29
  I'm like, OK, same thing. But but I think we, we, we, we,
• 40:39
  we. What really matters is that the
• 40:43
  government spending it is, is not far in excess of government
• 40:48
  revenue. That's a fundamental issue that
• 40:50
  we have where the, we have a, a deficit of $2 trillion and we
• 40:55
  have interest payments that now exceed the entire budget of the
• 40:59
  military. In fact, that that was a big
• 41:02
  wake up call for me was when the, the amount of money that
• 41:06
  we're paying national debt interest exceeded the Defense
• 41:09
  Department budget. And like Defense Department
• 41:11
  budget is very big and interest is higher than that and, and,
• 41:15
  and climbing. That's a disaster, You know, so
• 41:20
  the, the very simple, straightforward goal of, of the
• 41:23
  doge team is to get rid of waste and forward.
• 41:27
  It's, it's mostly waste. It's it's or depending on how
• 41:29
  you know, I'd say it's probably 80% waste, 20% for.
• 41:35
  All right, everybody, so let's break it down.
• 41:38
  There's a lot of things that he said there.
• 41:40
  First of all, he said, listen it a Magic 8 ball will do a better
• 41:45
  job at essentially picking interest rates than the Fed.
• 41:51
  20,000 people work at the Fed. What do those people do?
• 41:55
  Right? Like again.
• 41:57
  And then he trollingly said like, I think to cover.
• 42:01
  Like what? How he actually felt like end
• 42:03
  the Fed, end the Fed. You know, like he said it as a
• 42:05
  joke. But then he made the argument as
• 42:08
  to like, he was basically saying this is obsolete.
• 42:11
  And then at the end he talked about waste.
• 42:15
  I mean, like, did he? I mean, he did explicitly say
• 42:20
  it. He said it jokingly, I think to
• 42:22
  cover, you know, because Elon's in the headline.
• 42:25
  Anything he does is in the headlines these days.
• 42:28
  But I, I, I don't know, I don't know how much of a stronger case
• 42:32
  we can make for you guys. Trump mentions 1913.
• 42:38
  Elon explicitly says and the Fed says the interest rate, that 8
• 42:42
  ball could do a better job at picking the interest rates.
• 42:47
  Talks about waste, talks about 22,000 people working there.
• 42:52
  I mean, I think it's, it's clear as day, but I think they're,
• 42:56
  they're using the same strategy that they did that they're doing
• 42:59
  with attempting to end the income tax.
• 43:04
  I don't think they can do it overtly.
• 43:07
  I think they have to prove that the system can function without
• 43:12
  those things. And I think for the income tax,
• 43:15
  he's trying to do it with the tariffs.
• 43:18
  And I think with the Fed, you might be able to do it with
• 43:24
  Bitcoin, you might be able to. But again, I might not.
• 43:28
  I might not be seeing something that's actually there.
• 43:31
  But this is pretty explicit like, and again, I'm not the
• 43:35
  only one to reach this conclusion.
• 43:37
  I played you guys a clip from the Matt Gaetz podcast.
• 43:40
  Why is Trump taking out the Fed from Bitcoin and crypto
• 43:47
  regulation? Why in the same executive order
• 43:52
  regarding Bitcoin that he or digital assets that he
• 43:57
  explicitly say that he forbids the federal government for
• 44:02
  launching a central bank digital currency Again, all you have to
• 44:06
  do is pay attention and connect the dots, right?
• 44:11
  And our boy G money, right, has been saying this for about two
• 44:17
  years now. Me and Opti have been probably
• 44:19
  longer. We've been looking at him like,
• 44:21
  there's no way. I think he's wrong.
• 44:24
  But I mean, all things point to something.
• 44:27
  Oh, and I forgot to mention, right now there's a heated
• 44:33
  political battle between the two institutions or the the
• 44:38
  executive branch and the Federal Reserve.
• 44:42
  I'll show it up. I'll show it to you guys.
• 44:44
  So this is Trump's Truth Social post from this morning at 10:00
• 44:49
  AM. He said this would be a perfect
• 44:52
  time for Fed Chairman Jerome Powell to cut interest rates.
• 44:57
  He is always late, but he can now change his image and
• 45:00
  quickly. Energy prices are down, interest
• 45:04
  rates are down, inflation is down, even with even eggs are
• 45:08
  down 69%. That's hilarious.
• 45:12
  And jobs are up, all within two months.
• 45:15
  A big win for America. Cut interest rates.
• 45:18
  Jerome, stop playing politics. What's really interesting is Fed
• 45:24
  Chair Jerome Powell says tariffs will raise inflation in the
• 45:29
  coming quarters. And remember, this gives him the
• 45:33
  air cover to keep rates high because, again, the whole point
• 45:38
  of keeping rates high is to lower inflation.
• 45:41
  And he's saying, oh, look, inflation with the tariffs,
• 45:44
  inflation is up, you know, So this is a game of chicken.
• 45:48
  This is politics. But this is crazy to me because
• 45:51
  if you see it on its head, we are supposed to be living in a
• 45:55
  democracy. We hear that all the time.
• 45:58
  Democracy this, democracy that, democracy this.
• 46:04
  Nobody elected Jerome Powell. He was appointed.
• 46:11
  The American people elected Trump.
• 46:14
  Whether you disagree with him or not.
• 46:16
  That's democracy, right? The American people elected
• 46:20
  Senate. The senators, American people
• 46:22
  elected the congressman and woman. the Fed is acting like an
• 46:28
  independent entity with no democratic check.
• 46:34
  That's weird. That's really strange.
• 46:38
  That's very, that's very effing strange.
• 46:40
  I don't know what else to say about that.
• 46:42
  Right. So again, like, isn't the
• 46:45
  president supposed to be, you know, the commander in chief,
• 46:49
  the one leading the country, and he has to essentially tell
• 46:52
  someone who's appointed like, hey, lower the interest rates
• 46:56
  and then he's playing politics. And then if you take a look at
• 46:59
  the the article that was released by Arthur Hayes, Arthur
• 47:04
  Hayes explicitly said, hey, you know, Powell explicitly tried to
• 47:12
  get Kamala elected, like politically, right?
• 47:17
  So again, it's supposed to be an independent, you know,
• 47:20
  institution, entity, whatever you want to call it.
• 47:25
  It's not supposed to be political, but it's been acting
• 47:28
  political. I don't know what else to say.
• 47:31
  You know, I don't know what else to say.
• 47:33
  Listen, Bitcoin exposes incentives.
• 47:36
  I think incentives are being exposed.
• 47:38
  I think the Fed has to end. I think this conversation of,
• 47:42
  you know, this conversation of Bitcoin strategic reserve, it's
• 47:46
  great. Fine, the Overton window is
• 47:48
  moving, but I think Bitcoiners should not lose the eye on the
• 47:53
  price. I think Bitcoiners should not
• 47:56
  forget what the end goal is here.
• 47:59
  The end goal here is to end the tyranny of central banking.
• 48:05
  That is the goal. We have the tool.
• 48:07
  The tool is Bitcoin. It's very difficult to Co opt,
• 48:11
  especially if a lot of individuals are taking self
• 48:13
  custody. But we should keep our eye on
• 48:15
  the prize. The eye the prize is and the Fed
• 48:20
  and the Fed and the Fed. Anyways, if you guys are
• 48:25
  enjoying today's live show 2300 of you guys watching live, make
• 48:29
  sure to smash that like button. Currently we're at 174 likes.
• 48:35
  If you guys are enjoying the show, make sure to smash that
• 48:39
  like button. Help us break 250 likes to see
• 48:42
  someone in the chat. Nico is pissed.
• 48:44
  You're right that I'm pissed. You're right that I'm pissed.
• 48:47
  Our generation got the short end of the stick because of the Fed,
• 48:53
  right? Look at what happened happened
• 48:54
  in 2008. No significant banker went to
• 48:58
  jail for what happened in 2008. What happened in 2008 was a
• 49:02
  crime. Main St. bailed out Wall Street
• 49:06
  and no central banker paid the politician.
• 49:10
  I mean paid the price. In fact, they got bailed out by
• 49:14
  the government. You want to know if you're, you
• 49:16
  want to know why, if you're a millennial or Gen.
• 49:18
  Z, you cannot afford a house. You guys want to know why?
• 49:22
  You guys want to know the reason?
• 49:24
  That's the reason. Because of what happened in
• 49:26
  2008. But that was only enabled
• 49:29
  because the Federal Reserve exists.
• 49:31
  That was only enabled because central banking exists.
• 49:34
  Remember what is in the genesis block, Chancellor on the brink
• 49:39
  of the second bailout for banks. This is why Bitcoin was
• 49:43
  invented. This is why Bitcoin exists.
• 49:47
  So yes, number go up. Yes, the ETFs are great.
• 49:50
  Yes. Oh my God, you know strategic
• 49:53
  Bitcoin reserve Who kumbaya? We're all going to get rich.
• 49:57
  We are here for the revolution. We are here because we want the
• 50:01
  world to be better for our children and the future
• 50:05
  generations. And if that world is a future of
• 50:08
  central banking, it's going to be a future of slavery, nihilism
• 50:13
  and endless wars. If we want a future of Bitcoin,
• 50:17
  it's going to be a future of peace, prosperity, opportunity
• 50:22
  for all. So and the Fed.
• 50:24
  And I think Trump, whether he's actively or consciously doing
• 50:28
  it, the silver lining is at least he's moving the Overton
• 50:33
  window. At least he's referencing the
• 50:36
  year that this institution was established, 1913.
• 50:43
  Let's keep going down that rabbit hole.
• 50:45
  You know, I used to say we haven't won until we get a
• 50:50
  central bank. I mean, a a Bitcoiner in the
• 50:53
  White House. I used to say that.
• 50:55
  I said, so listen, if if we get a bit of a pro Bitcoin president
• 50:59
  in the White House, we won. If we get a president that
• 51:02
  freeze Ross, we won. I used to say that and we got
• 51:06
  that. And maybe I'm getting a little
• 51:08
  bit greedy, but we need a Bitcoiner in the White House
• 51:12
  that says, and the Fed, that's what we need next.
• 51:16
  So Trump is good. He's done a lot of good things
• 51:18
  for Bitcoin. But we got to continue moving
• 51:22
  that mother effing Overton window until you have the US
• 51:26
  president looking at a camera and telling the American people
• 51:31
  that the reason they're all poor and they can't afford things is
• 51:35
  because of the Federal Reserve. That's what we need.
• 51:39
  That's what's actually going to fix things.
• 51:42
  So until that happens, it's OK. It's OK.
• 51:45
  You can save and earn in Bitcoin and you'll be protected from the
• 51:48
  monetary debasement. Anyways, my, my rant and my
• 51:52
  ramble is over. I wanted to give you guys a
• 51:55
  little bit of Nico Jones on Friday like we did in the OG
• 51:59
  Simply Bitcoin Days. Opti, what's your take on all
• 52:02
  this, brother? Well, First off, Nico Jones is
• 52:04
  back. It's been a while.
• 52:06
  It's been a while since Nico Jones has been on the show.
• 52:11
  I think we finally got him back. You know, he he was hibernating
• 52:13
  during the bear market, but the kid is back.
• 52:17
  Honestly, before I kind of, you know, take give my take.
• 52:20
  I mean Nico nailed it. So but I do want to mention like
• 52:24
  this morning, while we were we were all sitting here.
• 52:26
  We're we're in Dallas, Airbnb, the whole simply Bitcoin team is
• 52:29
  is sitting here and we were watching CNBC and we're seeing
• 52:32
  the bloody markets. We're seeing Bitcoin kind of,
• 52:34
  you know, hold itself really well.
• 52:35
  And the vibe that Nico just put out is the vibe we had here in
• 52:39
  the morning and we're just sitting here like, man, like I'm
• 52:41
  finally feeling excited again. It's been a, it's been a rough
• 52:45
  year or two here in the Bitcoin space where we have so much
• 52:48
  bullish news. And right now, I think we're all
• 52:51
  more bullish on things happening outside of Bitcoin and then just
• 52:54
  how strong Bitcoin is reacting. And we're all sitting here
• 52:56
  watching the news. Ruston was you guys watch
• 52:59
  Ruston's show. He was doing that just here
• 53:01
  chilling with us. He was losing his mind.
• 53:03
  He's losing his mind on the back end right now.
• 53:05
  And I I think we're all getting more and more excited
• 53:08
  considering the economic landscape.
• 53:11
  Breaking news Breaking. Rustin is going to pull up a
• 53:14
  chair and Rustin. Rustin, pull up a chair, bro.
• 53:19
  Pull up a chair. Rustin, get in here.
• 53:21
  Rustin get in here, bro. Sonny was Opti.
• 53:24
  What were you saying? I I got, I got sidetracked.
• 53:27
  I'm I'm trying to find what Rustin just sent us.
• 53:31
  All right, let me see. Rustin, what are you sending?
• 53:34
  What are we looking for? Oh, oh, we got.
• 53:37
  Breaks in the water. We got breaking.
• 53:39
  We got breaking news from one of the latest interviews with Scott
• 53:43
  Besson, the US Treasury Secretary.
• 53:47
  Bitcoin is. Becoming a store value.
• 53:49
  It's an hour long clip. Bitcoin is.
• 53:53
  Becoming a store value. The Treasury Secretary on one of
• 53:56
  the most watched shows on the face of the planet, Tucker, the
• 54:01
  Tucker Carlson show just said, quote, Bitcoin is becoming a
• 54:07
  store of value. So again, I'm trying to point
• 54:11
  and our boy Ruston actually knows a lot of things about
• 54:14
  Scott Besson. Ruston, let's, let's fill.
• 54:17
  Let's fill in the audience, bro. Yesterday we dove into Besson
• 54:20
  quite a bit. I've been sitting on this and,
• 54:23
  you know, being kind of a regarded person like myself, I
• 54:27
  need something, someone kind of intelligent to support my ideas.
• 54:31
  And Marty Bent basically came out and said what I've been
• 54:34
  telling Nico for the past couple of months here on Besant and all
• 54:40
  the moves, the strategy, the absolute savagery of this man.
• 54:46
  If you know his background and if you understand what Bitcoin
• 54:49
  is and how it could work and how you could use it as a macro
• 54:54
  weapon against your enemies, I don't know, man, this, this
• 54:59
  stuff is. And I just saw another thing, if
• 55:01
  we look at the movement of Bitcoin today against the S&P
• 55:05
  dropping further a little bit of a decoupling, but obviously
• 55:09
  there are massive Bitcoin buyers out there right now.
• 55:12
  That's why we're at 83 and everything else is getting
• 55:15
  absolutely destroyed. They are subtly telegraphing
• 55:19
  some major moves here. I think, Nico, and I think
• 55:22
  you've just been nailing, I've been listening the whole time.
• 55:25
  You guys are killing it. And this besant news is big.
• 55:28
  I can't wait to dive into that interview because I think it's
• 55:32
  just crazy. We, we were talking about how
• 55:34
  the the tariffs were going to be used not just as tariff, but
• 55:37
  also as a weapon to force free trade.
• 55:40
  And you see some countries already bending the knee there
• 55:43
  and where Bitcoin fits in to this.
• 55:45
  Everyone's looking for that neutral monetary system, and it
• 55:49
  feels like they're pushing everyone in this direction. 100%
• 55:54
  I mean, it's, it's, it's crazy. It's cryptic, though, Ruston.
• 55:58
  It's cryptic because they're not explicitly saying these things.
• 56:02
  But for anyone who's paying attention and you start
• 56:04
  connecting the dots, it's very clear what their intent is.
• 56:08
  What was one of the most savage things that Besson said?
• 56:11
  You, you showed me the clip. The thing was like.
• 56:13
  Just raise love where he said sounds like a mag Seven problem.
• 56:17
  You know, but. There was something, there was
• 56:18
  something else. I think it was Dante that played
• 56:20
  the clip this morning. So would that be you elevate the
• 56:26
  situation, escalate to deescalate?
• 56:29
  Yeah, maybe. I can find that he was basically
• 56:32
  warning the world like look like if, if don't mess with us, we're
• 56:38
  going to raise these tariffs. The whole point of raising these
• 56:40
  tariffs is so that there is a essentially it's, it's neutral
• 56:45
  trading across the across the world.
• 56:47
  If you don't mess with us, we won't mess with you.
• 56:50
  That's the goal. So again, we're witnessing.
• 56:53
  Have the muscle as one of the largest consumers there.
• 56:57
  There's some of that too. So oh, you're going to going to
• 56:59
  try to counter. Well, you're just hitting your
• 57:01
  own wallets as well. So this is what people don't
• 57:04
  understand like, like people have been tariffing US 304050
• 57:09
  sixty 8090% and we haven't tariffed them.
• 57:13
  And why has that been going on? Why have we been subsidizing
• 57:16
  other nations basically all this time?
• 57:19
  Doesn't that seem like a little sketchy maybe, You know, those
• 57:23
  came post, post 19, post 1913. You have to end and then you
• 57:29
  have to institute an income tax, right.
• 57:31
  Well, you don't need that anymore with where they're going
• 57:36
  and where they're pushing things.
• 57:38
  And I think they're they're they.
• 57:40
  Yeah, as you've said, the subtle hints, the the constant
• 57:43
  mentioning of 1913 by the orange man whose hotels are encrusted
• 57:48
  in gold, like he doesn't know hard assets or sound money.
• 57:53
  I think it's all coming together.
• 57:55
  It seems like it's all part of the plan in in some ways.
• 58:00
  A A 100% like it. It sure does feel like that.
• 58:03
  And now there is a a very famous clip.
• 58:06
  Of yeah, let's play the the best.
• 58:07
  One, yeah. There's.
• 58:09
  Some time stamps. There we go.
• 58:11
  And should we view these as permanent?
• 58:13
  That, you know, again, I, I think we're going to wait and
• 58:17
  see how this plays out. And if countries retaliate,
• 58:21
  which some have said that they would, some have said they
• 58:23
  wanted to wait and see, what is the White House's response going
• 58:26
  to be to those countries? Well, the, the Caitlin one, one
• 58:30
  of the messages that I'd like to get out tonight is everybody sit
• 58:33
  back, take a deep breath. Don't immediately retaliate.
• 58:37
  Let's see where this goes. Because if you retaliate, that's
• 58:40
  how we get escalation. And then it becomes a
• 58:43
  full-fledged trade war in your view?
• 58:45
  Not a not a trade war depends on the country, but remember that
• 58:50
  the that the history of trade is we are the deficit country.
• 58:58
  The deficit country has an advantage.
• 59:00
  They are the surplus countries. The surplus countries
• 59:03
  traditionally always lose any kind of a trade escalation.
• 59:06
  So I. So I mean, look it, it's, it's
• 59:10
  clear as day. I also want to show you guys
• 59:12
  this right again, we're connecting the dots for you
• 59:15
  guys. Guys, please make your own
• 59:16
  decision. Is there my personal opinions?
• 59:19
  This are Ruston's personal opinions.
• 59:20
  These are Opti's personal opinions.
• 59:22
  We are speculating, but we are, we are simply Bitcoin,
• 59:25
  tomorrow's Bitcoin news today. We, we've been more right, more
• 59:29
  we've been more right than wrong.
• 59:31
  One thing. Is like when you have that right
• 59:33
  and then the, the the actions continue or these events take
• 59:37
  place and then the probabilities just keep going up rather than
• 59:41
  dwindling. So it's just that that type of
• 59:43
  thing. 100% and then I want to show you guys this before we
• 59:46
  move on to the culture segment. So of course we know that
• 59:50
  President Trump and Bukele met. They're getting along really,
• 59:54
  really well. And remember one of the things
• 59:57
  that Bukele said, we don't have enough time to play you guys a
• 59:59
  clip, but we will drop it in the live chat.
• 1:00:02
  But one of the things that Bukele said in a.
• 1:00:06
  A speech at C PAC. This is a quote from President
• 1:00:09
  Buchele. You pay taxes only to uphold the
• 1:00:14
  illusion that you are funding the government, which you are
• 1:00:18
  not, right? Moving the Overton window.
• 1:00:22
  We're shifting it. I think people are waking up to
• 1:00:25
  this reality. And again, all roads lead to
• 1:00:29
  Bitcoin. This is the president of the
• 1:00:32
  first Bitcoin country. Look at how much the IMF fought
• 1:00:36
  El Salvador. What are they scared of?
• 1:00:39
  Why are they scared of Bitcoin? Why are they scared of this
• 1:00:43
  small Central American nation that has AGDP of $32 billion?
• 1:00:48
  Why are they so terrified that Bitcoin is legal tender?
• 1:00:52
  And the reason is simple. Bitcoin proves that money can
• 1:00:57
  exist with all with without inflation.
• 1:01:00
  All you guys have to do is connect the dots.
• 1:01:02
  The answers are right in front of you.
• 1:01:04
  It's very simple. It's very simple.
• 1:01:07
  Also, Nico, the IMF is here to enslave people, not to empower
• 1:01:11
  people, and that's what Bitcoin does.
• 1:01:14
  Like, you know, to to add to Russians point, it sure does
• 1:01:17
  feel like that. Like why is the IMF telling a
• 1:01:21
  sovereign country that democratically elected their
• 1:01:24
  leader, their leader has the most, the highest popularity
• 1:01:28
  popularity percentage in out of any president in in all of the
• 1:01:33
  Americas? Why is the IMF dictating to a
• 1:01:36
  sovereign country what they can and cannot do with their money?
• 1:01:41
  So what, what what Ruston is saying might sound hyperbolic on
• 1:01:45
  its on the surface, but take a look at the actions of the IMF.
• 1:01:50
  What is that but not but not servitude?
• 1:01:53
  What sharks? What is that but not servitude?
• 1:01:55
  Right again. Anyways, guys, we're going to
• 1:01:57
  get to the culture segment. We still have a hell of a show
• 1:02:00
  for you guys. We're going to be right back.
• 1:02:03
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  during the Revolutionary War, right?
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  They had muskets to, to, you know, to, to stand up against
• 1:04:13
  tyranny, to stand up against the British crown.
• 1:04:16
  It's not that type of revolution.
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  screen right now or go to coinkite.com and use promo code
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  simply. And you got 5% off anything on
• 1:05:14
  the Coinkite store. Anyhow, Opti, what are we going
• 1:05:17
  to talk about during the culture today?
• 1:05:18
  Yes, thank you. So last night we went to the
• 1:05:22
  first Bitlock boom dinner and many of the conversations that
• 1:05:26
  we were having was, or rather a lot of people asking me, and
• 1:05:29
  we've been having this conversation all week on the
• 1:05:31
  show, is this idea of the four year cycle?
• 1:05:33
  Everyone's like, is the four year cycle over?
• 1:05:36
  Are we seeing the commodity cycle?
• 1:05:37
  And I know I was having a a super bearish conversation with
• 1:05:41
  Stefan Lavera and he's like diminishing returns Bros.
• 1:05:44
  And I don't know, as Russian just said a minute ago, you
• 1:05:48
  know, since I have a 45 IQ, I make some, you know,
• 1:05:51
  predictions. But when smarter people say the
• 1:05:53
  same thing that I say, that's how I know I'm right.
• 1:05:56
  I'm obviously confirming my own bias.
• 1:05:58
  But here we have Arthur Hayes and he seems to be saying what
• 1:06:02
  we we've been saying on the show that we might be entering a new
• 1:06:06
  cycle and not the four year cycle.
• 1:06:07
  So let's hear this and then we'll chat about it.
• 1:06:10
  And it also seems like on this morning that Bitcoin is
• 1:06:14
  decoupling from the S&P 500. It seems like we are finally
• 1:06:18
  seeing the decoupling happen. Obviously we need a little more
• 1:06:21
  data, but let's just play the clip and then rust in at myself
• 1:06:23
  and Nico will talk. About it so I think that.
• 1:06:27
  The Four. Year Bitcoin having a cycle and
• 1:06:30
  sort of the minor profitability and how that swings over time
• 1:06:34
  made a lot more sense in terms of a market cycle when Bitcoin
• 1:06:39
  was a much smaller asset class. And I guess in crypto and
• 1:06:42
  general, because with Bitcoin goes, everything else follows.
• 1:06:46
  But now that Bitcoin and crypto are a bona fide asset class, you
• 1:06:50
  know, they're talked about in every major financial network in
• 1:06:53
  the world. Every central bank has an
• 1:06:55
  opinion on it, whether it's good or it's bad.
• 1:06:57
  You have the leader of the empire of the US talking about
• 1:07:00
  Bitcoin and policies and, you know, everybody's responding
• 1:07:03
  with that sort of stuff. So now I think Bitcoin has
• 1:07:06
  transitioned from this sort of technological digital bear asset
• 1:07:11
  into the best smoke alarm for Fiat liquidity that we have
• 1:07:15
  globally. Previously that will sell by
• 1:07:18
  gold. Gold and Bitcoin has some
• 1:07:20
  different properties that make them react a little bit
• 1:07:22
  differently to things. And now I think we have a 24/7
• 1:07:25
  market. Anyone with an Internet
• 1:07:27
  connection can access it. Absolutely incredible.
• 1:07:33
  I think this is a spot on take. We've been kind of covering this
• 1:07:36
  it from different angles and, and I think, I think Arthur is,
• 1:07:40
  is 100% correct here And my boy CJI think we put it on our, our
• 1:07:44
  YouTube already. Maybe I, I'm, you know, I'm
• 1:07:46
  missing missing dates here, but he's saying something similar.
• 1:07:49
  Now we're seeing a lot of people in, in, you know, in or around
• 1:07:53
  Bitcoin asking a very similar question.
• 1:07:55
  What is going on with Bitcoin? Why is it trading with
• 1:07:57
  traditional markets? And then we see Sailor
• 1:08:00
  essentially destroyed Dave Portnoy this morning or
• 1:08:03
  actually, sorry, it was last night very, very clearly.
• 1:08:05
  And some people were saying maybe he's using ChatGPT for
• 1:08:07
  this, but who knows. Anyways, the the response is
• 1:08:09
  great. So we have Dave partner and he
• 1:08:11
  goes, I have a dumb Bitcoin question.
• 1:08:13
  If the point of Bitcoin is to be independent of the US dollar and
• 1:08:15
  non regulated, why does it basically trade exactly like the
• 1:08:19
  US stock market nowadays? Mark it up, Bitcoin up, mark it
• 1:08:22
  down, Bitcoin down. And then Sailor goes Bitcoin
• 1:08:24
  trades like a risk asset short term because it's the most
• 1:08:27
  liquid saleable 24/7 acid on earth.
• 1:08:30
  In times of panic, traders sell what they can, not what they
• 1:08:33
  want to. Doesn't mean it's correlated
• 1:08:34
  long term, just means it's always available.
• 1:08:37
  Now moving forward this morning we're also seeing something very
• 1:08:42
  interesting. Bitcoin priced in NASDAQ
• 1:08:44
  breaking back above 2021 highs. Wow.
• 1:08:48
  You know, NASDAQ and S&P 500 are getting absolutely wrecked.
• 1:08:52
  And Pete Rizzo dropped this this morning.
• 1:08:54
  Bitcoin just broke its correlation with the S&P.
• 1:08:57
  This is not priced in fire emoji.
• 1:08:59
  And you can see some numbers here, you know, March 1220, 20,
• 1:09:03
  when S&P dropped 9.51%, Bitcoin dropped 39%, and then they got
• 1:09:09
  the Bitcoin versus S&P ratio. Now, you know, you can look at
• 1:09:12
  these charts, you can pause it and going forward to yesterday,
• 1:09:15
  or rather, yeah, yesterday and today.
• 1:09:19
  So April 3rd, 2025, S&P 500 went down -4.8%.
• 1:09:23
  Today or yesterday, sorry, Bitcoin went down 5.7%.
• 1:09:27
  And today, which is the big, I think the big signal, the big
• 1:09:30
  kahuna in the room here. And this might be the
• 1:09:33
  fundamental shift we're seeing right now.
• 1:09:36
  S&P 500 went down -3% and Bitcoin stayed pretty solid at a
• 1:09:41
  positive .77%. Obviously, a lot of bitcoiners
• 1:09:45
  want the price to RIP, but in the face of economic
• 1:09:48
  uncertainty, Bitcoin is just holding it down right now.
• 1:09:51
  And our. Yeah, which is absolutely crazy.
• 1:09:54
  And and we've been saying this the whole show, we this is, you
• 1:09:57
  know, we're just giving you some more data points on to this same
• 1:10:00
  fundamental message. And Vijay, like always, I think
• 1:10:04
  killed it in the face of yet another major global equity sell
• 1:10:07
  off, Bitcoin is acting extremely resilient.
• 1:10:10
  All those people complaining that Bitcoin was just moving
• 1:10:12
  with tech stocks. Here is your answer, guys.
• 1:10:15
  We were having this conversation last.
• 1:10:17
  Well, rather, I was having this conversation with people last
• 1:10:20
  night and we keep kind of pointing at different directions
• 1:10:23
  or different data points. We obviously have no clue
• 1:10:26
  exactly what's going on. But from what we can speculate,
• 1:10:29
  from what we can see, from what we can work out from first
• 1:10:32
  principles, it seems like we are getting another scenario, almost
• 1:10:36
  like the birth of Bitcoin in 2008.
• 1:10:39
  You know, 2020 was a brutal year, but now if we're seeing
• 1:10:43
  one of the biggest sell off since 2020 and Bitcoin is
• 1:10:45
  reacting in a totally different way.
• 1:10:48
  Yeah, a totally different, different, you know, market
• 1:10:51
  structure. I don't know guys, it does seem
• 1:10:55
  like this, you know, four year cycle might be over.
• 1:10:57
  Obviously we want to see the price pump because this is the
• 1:11:00
  year of 2025, this is the year of the pump and we're still all
• 1:11:03
  thinking, hey, I think, you know, 200K ish by the end of the
• 1:11:07
  year could play out. But maybe, you know, we're going
• 1:11:10
  to see not not a necessarily a diminishing returns, but a
• 1:11:13
  longer extended cycle. And if that is true, then the
• 1:11:17
  cycle theory will break in a different way and we'll see you
• 1:11:20
  maybe a new all time high in 2026.
• 1:11:22
  Who who knows what's really going on yet we'll obviously can
• 1:11:25
  only see what's happening in hindsight, but in in the interim
• 1:11:30
  man, it does seem like Bitcoin has decoupled at least today
• 1:11:33
  it's it's acting very very strong right now, even though
• 1:11:37
  the world is melting 84. 1000 Holding strong again The S&P.
• 1:11:43
  The the S&P list hit it. Rustin hit it.
• 1:11:47
  All right, all right, so this is absolutely crazy.
• 1:11:49
  So 2020, you guys remember that that was around the time that I
• 1:11:53
  like first like bought Bitcoin because like I was like, how is
• 1:11:58
  it still alive and everyone was talking about it crashing, but I
• 1:12:01
  was like I remembered it at like 300 bucks.
• 1:12:04
  I was like this is nuts dude. I need to buy some of this shit.
• 1:12:07
  But anyway, think about that. The market sentiment around the
• 1:12:11
  world is like completely in the shitter and Bitcoin is still
• 1:12:15
  slowly chugging along and even just to maintain where it is
• 1:12:19
  right now is absolutely insane, which says of that 3.5 trillion
• 1:12:24
  that left the S&P 500, it's likely that portions of that are
• 1:12:29
  already entering or big buyers are already there.
• 1:12:32
  Now we talked about this prolonged cycle.
• 1:12:35
  That's going to depend on how how long J Pal is going to be
• 1:12:39
  playing it, playing it tough over here.
• 1:12:41
  Once he folds, it's over. So that's where you could get.
• 1:12:44
  They're playing a game of chicken right now.
• 1:12:46
  Yeah, 100%. They're playing a game of
• 1:12:48
  chicken. But I mean, I mean Arthur.
• 1:12:50
  So you played a clip of Arthur just recently, Opti, you know,
• 1:12:53
  Arthur dropped a very, very good article called the BBC, you
• 1:12:58
  know, a couple days ago. We read you guys, a lot of it
• 1:13:00
  isn't family friendly, a lot of the, the, the rhetoric that he
• 1:13:03
  used in that article. But essentially he was making
• 1:13:06
  the case that, you know, Pow was beholden to Besset, you know,
• 1:13:11
  eventually and Besset knows it. And essentially we've been
• 1:13:15
  making the case. We picked this up actually a
• 1:13:18
  couple of weeks ago. We've been making the case here
• 1:13:20
  at simply for a while now that essentially Trump is doing this
• 1:13:24
  on purpose. Because without essentially the
• 1:13:28
  Fed going along with Trump, Trump can't fulfill his agenda.
• 1:13:33
  He needs the money printer. But right now, essentially,
• 1:13:36
  Powell has the cover of, oh, inflation to justify the rates
• 1:13:41
  remaining high, right? So essentially, you know what
• 1:13:44
  what we are. Speculating the last two
• 1:13:46
  readings has come down. Exactly.
• 1:13:48
  So like we've been making the cases like look like Trump is
• 1:13:51
  essentially forcing the hand of the Fed.
• 1:13:53
  But it's really interesting that the Fed came out with that
• 1:13:56
  statement earlier on saying, listen, the tariffs are going to
• 1:13:59
  cause inflation. Now is that just grandstanding
• 1:14:02
  it? You know, is, is Powell trying
• 1:14:03
  to essentially, you know, but make it seem that, you know, the
• 1:14:07
  Fed remains independent, but in reality, the Fed is going to act
• 1:14:10
  some, act something out differently.
• 1:14:12
  That could be the case. I think that's what Arthur
• 1:14:14
  believes. But we shall see.
• 1:14:16
  I mean, but it's, it's crazy that there's so much politics
• 1:14:19
  involved. Driving even more attention to
• 1:14:21
  the fact that they are politicized and aren't
• 1:14:23
  independent indirectly. It's a it's a politicized
• 1:14:27
  institution. And again, they're they have
• 1:14:30
  bankroll. And it's not federal and has no
• 1:14:32
  reserves. There we go, there we go.
• 1:14:34
  Let's continue moving this this Overton window.
• 1:14:37
  But yes, the TLDR from today's show, all right, The TLDR from
• 1:14:41
  today's show is yes, we got a pro Bitcoin president in the
• 1:14:45
  White House. Now we need a bitcoiner in the
• 1:14:48
  White House. And when that Bitcoiner in the
• 1:14:50
  White House, the main goal of that bitcoiner should be to
• 1:14:53
  Andrew Jackson, 2 point O and the Federal Reserve.
• 1:14:56
  That's what we need to do. Yeah, I miss Nico Jones.
• 1:15:02
  Whose bust? Hangs in the orange man's.
• 1:15:04
  Office, this is true. If you know, you know what what?
• 1:15:07
  Hold on, keep going because I do kind of want to pivot a little
• 1:15:10
  bit. There we go.
• 1:15:10
  Like, okay, so do you think he just has that painting there for
• 1:15:13
  for, you know, for shits and giggles?
• 1:15:15
  Like it's on purpose? Like guys, there's two he he
• 1:15:19
  name dropped the year 1913 and what was it that he said he was
• 1:15:23
  like for? Reasons unknown to mankind of.
• 1:15:27
  Course, we all know. We all know what the hell What
• 1:15:29
  happened in Jekyll Island? What happened?
• 1:15:32
  Go read 13 What happened, everybody?
• 1:15:34
  Go read The Creature from Jekyll Island and you'll know exactly
• 1:15:38
  what happened in 1913 I. Have the two largest world wars
• 1:15:42
  in the world. Why have they happened since the
• 1:15:45
  establishment of the Federal Reserve?
• 1:15:47
  Why, why, why is all, why are all these things happening
• 1:15:50
  again? I think a lot of people have
• 1:15:53
  known this for a while. I mean, some people, Ron Paul,
• 1:15:56
  who is the author of The Creature from Jekyll Island, G
• 1:15:58
  Edward Griffin, G Edward Griffin, and people like Rustin
• 1:16:01
  and Goldbugs, Larry Leopard. Also, there's been a lot of
• 1:16:05
  people that have known this for a while, right?
• 1:16:09
  45 IQ. 18 year old OPDE, we now have the solution.
• 1:16:13
  We now have the solution to replace this right there.
• 1:16:16
  There was this very famous, very famous Thomas Sowell video where
• 1:16:21
  they asked him like, so you know, when we get rid of the
• 1:16:24
  Federal Reserve, like what do we replace it with?
• 1:16:27
  And Thomas Sowell was like very wisely said, he's like, you
• 1:16:30
  know, when you cut out a cancer, you don't replace it, right?
• 1:16:35
  So again I'm moving the Overton window yes great we got a pro
• 1:16:40
  Bitcoin president. He's done so good repeal of SAB
• 1:16:43
  121 and of operation choke .2 point O free free Ross Albrecht
• 1:16:47
  strategic Bitcoin reserve. But now we need a bitcoiner and
• 1:16:52
  the White House with the goal of ending central banking.
• 1:16:57
  We end central banking. We end, we, we free the human
• 1:17:00
  race, simple as that. Anyways, we hit we hit 250
• 1:17:05
  likes, guys, smash that like button.
• 1:17:08
  We're getting close to the end of the show, guys.
• 1:17:10
  We're going to be live streaming all of bit block Boom tomorrow.
• 1:17:14
  We're going to be at the news desk, me and Opti from very,
• 1:17:17
  very early in the morning, 9:00 AM central time.
• 1:17:20
  We're going to be live streaming all the awesome panels.
• 1:17:24
  How how many, what what people do we have on tomorrow?
• 1:17:26
  We have Marty Bent. We have Larry Leopard.
• 1:17:29
  We have Dante. We have Dante.
• 1:17:31
  Parker Lewis Yeah, we got we, we got it's, it's going to be an
• 1:17:35
  incredible, incredible conference.
• 1:17:37
  You guys definitely don't want to miss it.
• 1:17:39
  But in case you did, I guess you guys couldn't make it to Dallas
• 1:17:44
  for this year's bit block boom. I do want to give a shout out to
• 1:17:49
  the Bitcoin conference that's coming up in Las Vegas, NV at
• 1:17:55
  the Venetian Hotel, May 27th through the 29th.
• 1:18:01
  The entire Simply Bitcoin crew is going to be there.
• 1:18:04
  In fact, we are going to have a booth on the floor and we're
• 1:18:08
  going to be streaming. Hopefully, if we get the figure,
• 1:18:10
  if we get the Internet figured out, it's going to be absolutely
• 1:18:13
  awesome. Hope to see you guys in Vegas,
• 1:18:17
  Las Vegas, NV at the biggest Bitcoin conference of the year.
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  I call it the Bitcoin Super Bowl May 27th through through the
• 1:18:24
  29th of 2025 at the Venetian Hotel Las Vegas, NV.
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  Get your tickets quickly before the prices go up and they do go
• 1:18:34
  up. So scan the QR code on your
• 1:18:36
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  promo code simply again, promo code simply to get 10% off your
• 1:18:46
  tickets to the largest and biggest Bitcoin conference in
• 1:18:52
  the world, Bitcoin 2025 live. Anyways, guys, I hope you guys
• 1:18:56
  enjoyed today's show. I'm your host, Nico joining us
• 1:19:00
  today in the Coho seat Optimus Fields and our special guest in
• 1:19:04
  the house, the goat, the legend, the man, the myth, the legend,
• 1:19:09
  Russian in the house. Smash that like Simply Bitcoin
• 1:19:13
  Live, and we'll see you on Monday.
• 1:19:15
  For a brand new episode. Today's episode was brought to
• 1:19:20
  you by bitcoinwell.com, a Bitcoin only platform on a
• 1:19:24
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