Latest / Simply Bitcoin / Money Printing SUPERCYCLE Sends Bitcoin to $1M FASTER Than YOU Think | EP 1334

Transcript

Money Printing SUPERCYCLE Sends Bitcoin to $1M FASTER Than YOU Think | EP 1334 · Simply Bitcoin

0:00
Yeah. Well, everybody, everyone is
0:02
focused on the Fed rate cut that is happening today.
0:06
Anticipated they're dropping it down by 25 basins basis points
0:12
that will most likely come in the next three hours. 99%
0:17
prediction on Polly market that it's happening.
0:20
We have Anthony Pompliano calling for A50 basis points
0:24
cut, but everyone's expecting a 25 basis point cut.
0:29
And of course, it's a extremely bullish for the Bitcoin market.
0:32
There's a new leak coming out of the Fed that Arthur Hayes
0:36
believes could send Bitcoin potentially to $1 million per
0:42
coin, but it's not for the reasons you might think.
0:46
Before we unpack this fascinating prediction by Arthur
0:49
Hayes, let us remind you what Arthur Hayes believes about
0:54
Bitcoin. Let's check out Trump is going
0:56
to spend more money, Trump is going to spend more money, have
0:59
a bigger difference deficit than Biden.
1:01
It's just math and the priorities of the
1:03
administration. And so I can see Bitcoin going
1:05
up 10X from here to $1,000,000 by 2028, especially if we get a
1:11
change in sort of the Fed and they come back on side and they
1:14
do quantitative easing. They start cutting rates.
1:18
And you know, as you said, policy remains in May 2026, you
1:22
know, everyone believes that Kevin Walsh will be the next Fed
1:25
governor and he's gone on record basically saying the Fed is not
1:28
independent, the Fed should do whatever the president and the
1:31
politicians want, which means print the money, give more of it
1:34
to the system to act as stimulus.
1:36
And so I see an acceleration of money printing and fiscal
1:42
debasement in May 26th onwards. And that's probably when we get
1:46
this sort of crazy runs in and Bitcoin and other sort of fixed
1:50
supply assets. Absolutely.
1:52
And this is kind of his thesis, right?
1:54
You know, Trump is trying to take over the Federal Reserve.
1:59
You saw Federal Reserve governor resign earlier on this year.
2:03
We got another Federal Reserve governor who Trump asked her,
2:06
asked her to resign via a letter basically accusing her of
2:11
mortgage fraud. There is currently a litigation.
2:14
She refuses to step down. But the TLDR is this, Powell's
2:19
term is over next year and Trump is trying to take over the Fed.
2:25
And what do you think he's going to use the Fed?
2:28
What do you think he's going to use the Fed for?
2:30
He's going to pump his bags. That's exactly what he's going
2:33
to use the Fed Fed for. I mean, you saw his son
2:36
literally pressing the button on Wall Street ABTC going public.
2:40
President Trump owns 50% of the six largest Bitcoin treasury
2:45
company in the world. And of course, we got our in
2:49
house macro expert Opti to to do a deeper dive into all of this.
2:56
But we got a very special guest joining us today.
2:59
We got the one, the only Bitcoin Ben, managing partner of Bitcoin
3:05
Ben's crypto club in the house. Ben, he's a legend.
3:09
He's been opening these clubs all over the United States.
3:12
He's opening resorts in El Salvador, and he opened the
3:17
first Bitcoin native bank in El Salvador.
3:21
We're going to be talking about that.
3:22
It's called Private KeyBank during the culture segment.
3:25
You guys are going to want to hear it.
3:26
But Opti, I'm going to pass the baton on to you, my friend.
3:30
You became a macro expert, bro, all of a sudden.
3:34
I don't know where it came from, but let's do a deeper dive into
3:38
what we're talking about regarding Arthur Hayes.
3:41
Yeah, guys. So you guys know some of you
3:43
love the macro stuff, some of you are trolling me on the macro
3:47
stuff but as has become more obvious recently, sorry, this
3:51
should not be here. We have to acknowledge what's
3:55
going on here. Let me pull myself up for a
3:57
little bit. We have to acknowledge what's
3:58
going on in the macro landscape because it is starting to impact
4:02
Bitcoin now that it's growing up, now that bitcoin's maturing.
4:05
There is a lot of correlation between Bitcoin and the macro
4:08
markets because the new investor in Bitcoin, the institutions
4:11
coming in, they're waiting for these signals before they start
4:15
to deploy capital. And I, I know everyone's talking
4:17
about the rate cuts that are probably going to happen today.
4:21
We really, I think the only debate up right now is just how
4:25
much they're going to cut. We've seen 25 bits be
4:28
considered. People are talking about 50
4:30
bits. We even had Trump say 100 bit
4:32
cut. If they do that, that, that
4:34
would be insane for the markets. But pulling back a little bit,
4:38
we did see this. And like Niko has been saying,
4:40
we are seeing from the Trump administration that there is a
4:44
fight going on right now from the Treasury and the Fed.
4:47
There has been a lot of conversations around the Fed
4:49
independence. There's been articles about
4:52
titled, you know, the myth of the Fed independence.
4:55
And now we're seeing a lot of people being appointed under
4:57
Trump that obviously are going to follow his mandate of cutting
5:01
the rates, having a little bit of easier money coming back on
5:04
the table. You could, you could argue maybe
5:06
bringing back quantitative easing.
5:08
Well, earlier this week, Trump's pick, Stephen Mirren is
5:12
officially confirmed as the Federal Reserve government
5:15
governor again, if Howell does leave early next year.
5:20
Or, you know, there's a whole conversation of whether Trump
5:23
can fire these Fed board governors.
5:25
It looks like Trump is packing the Fed board with more people
5:30
aligned with what he's thinking. Now, the reason I wanted to
5:33
bring this up is because he said something very interesting this
5:36
morning that I think is showing us what is coming down the
5:40
pipeline, exactly what they're trying to do.
5:43
And it is this Bloomberg, you know, the Bloomberg Terminal
5:49
leak here. So this title is absolutely
5:53
insane to see what's going on. It's really is breaking the myth
5:56
of the Fed being independent. And it's really leading down the
6:00
idea of the Fed being subservient to the US Treasury.
6:05
And if Trump is able to do this, it's going to be a complete
6:10
monetary reordering that we've never seen before.
6:13
It's we haven't seen this set for hundreds of years.
6:15
And if this takes place, it's going to be very interesting.
6:19
What's going on? The short of it is, of course,
6:21
it's going to be bullies for Bitcoin anyways.
6:23
It reads like this Fed quote. Third mandate forces bond
6:27
traders to rethink age-old rules again.
6:29
They are rethinking the rules that everyone is basing their
6:33
investment strategies on. And this is where it gets
6:36
interesting because Nika always harps on this idea of the double
6:39
mandate of the Fed. You know what, what are they
6:42
doing? If this is their mandate, then
6:45
are they failing at that mandate or do they not really care
6:48
anymore? Anyways, reading this a little
6:50
more, The Federal Reserve's dual mandate of price stability and
6:53
maximum employment may be supplemented by a third mandate
6:57
to pursue, quote, moderate long term interest rates as cited by
7:01
Donald Trump's pick up for Fed governor Stephen Moran.
7:04
The mention of the quote third mandate has sparked debate among
7:07
analysts, with some seeing it as a sign that the administration
7:11
intends to wield monetary policy to influence longer term bond
7:15
yield. The potential for the Treasury
7:17
and Fed to intervene in the bond market to bring down long dated
7:21
interest rates has raised concerns about the risk of
7:24
adverse effects, particularly inflation and quote, the erosion
7:29
of the Fed's independence. And so as Arthur Hayes said,
7:34
this is where it starts to get really interesting with Fed
7:38
board member Moran now confirm the mainstream media is
7:41
preparing the world for the feds.
7:42
Quote third mandate, which is essentially yield curve control.
7:47
And if this comes in, he just goes LFG yield curve control,
7:50
sends Bitcoin to $1,000,000. And remember, he's been
7:54
predicting this for a while. He's saying by the end of Trump
7:57
administration, we know what they want to do.
7:59
They're going to print money. They want to lower interest
8:01
rates. And now if we see this yield
8:04
curve control coming, it's it's going to be very interesting
8:09
because no longer are the interest rates going to be set
8:11
by people that are interested in these bonds.
8:14
This is going to be a top down mandate, which we've seen what's
8:18
happened in Japan. This is where, you know, it
8:21
starts to get very interesting with what's going on.
8:24
It's essentially no longer is there a quote free market in, in
8:28
interest rates and bonds. It's a top down control.
8:31
And they're going to set the rates, they're going to do
8:33
whatever they can to keep those rates, which essentially means
8:35
they're going to print more money.
8:36
So as they target these interest rates across the bond market,
8:41
especially the long term government bonds, you're going
8:43
to see that they will continue to print money.
8:47
Of course, they're going to do whatever they can to incentivize
8:50
people to buy these rates and of course those rates at whatever
8:54
they want them to be, which is starting to lead into more
8:57
interesting conversations around Bitcoin.
9:00
Of course, if the investors are no longer setting the rates and
9:03
the central banks basically rig the entire curve to keep the
9:07
government solvent, what do you think's going to happen to hard
9:10
assets? And this is where Bitcoin really
9:13
will shine. We've seen what's happened in
9:14
gold recently. Gold's pumping because people
9:17
are pulling back from treasuries.
9:19
It's starting to look like gold is becoming the world reserve
9:22
currency again, world reserve asset again, as central banks
9:26
drop treasuries, they don't want the treasuries.
9:30
They want hard assets. And of course, usually gold is
9:33
that hedge. And for you guys out there,
9:36
maybe you're like eyes are glossing over.
9:38
You're like I, I'm a Bitcoiner because I don't care about what
9:41
the Fed does. I'm a bitcoiner because I just
9:44
want to save in something that cannot get destroyed.
9:46
Well, if they do implement A yield curve control, this
9:49
essentially destroys all rivers out there.
9:52
This is why Bitcoin is going to RIP, because Bitcoin is standing
9:56
outside of the manipulation. You can't control Bitcoin's
9:59
yield, pretty much you can't suppress Bitcoin's yield.
10:03
The monetary order or the monetary policy of Bitcoin is
10:06
set by the algorithm. So this is all setting up to
10:10
what we are been saying for a while is a super cycle of money
10:16
printing. If this all plays out and we do
10:18
see interest rates later today get cut.
10:23
Well, agreed. I'm, I'm, I'm believing we still
10:26
don't know. I just saw this morning UK is
10:28
saying they're going to keep interest rates the same.
10:31
Who knows, we might get something out of left field and
10:34
they don't cut rates, but it's pretty much predicted.
10:37
I think every the markets are pricing and they're going to cut
10:39
rates. The conversation hasn't really
10:41
been are they going to cut rates?
10:43
It's just how much are they going to cut rates, which is
10:45
going to give us a lot of signal because we're still going to
10:48
have probably some short term volatility.
10:51
So right now if you're a bitcoiner, probably being
10:53
leveraged on either short or long right now is not a new just
10:57
being spot Bitcoin. That's the safest bet to have
11:00
right now is just by spot huddle because we don't know what's
11:03
going to happen. There could be some volatility
11:05
either way today. Who knows what's going to happen
11:09
in a couple of hours, But as Nico's saying, we do probably
11:12
know they're going to cut rates. I I think it's going to RIP my
11:15
friend. I think it's going to RIP.
11:17
I think they're finally going. To I'm the Bear on today's show,
11:19
I think they're. Finally going to cut rates.
11:21
I think the reason as to why it has been quote, UN quote,
11:24
underperforming this year is because of just, you know, the,
11:30
the, the Fed stance, right? And it's so interesting because
11:34
they, they have been acting a little bit politically.
11:37
We know that they were, they helped a little bit try to get
11:40
the previous administration re elected.
11:43
And now under the Trump administration, they've been a
11:46
lot more hostile. They obviously don't want him to
11:49
look good going into the midterms.
11:52
That's my personal interpretation of it.
11:55
You know, I have other much smarter people kind of agreeing
11:58
with me on this, You know, and I don't think the the the Federal
12:02
Reserve is acting as an independent bipartisan
12:07
institution. I think it's been acting in a
12:09
very partisan fashion. And I think this is the reason
12:13
as to why Trump is trying to clear house.
12:15
Now let's take a look at the Poly market odds.
12:18
I love the betting markets. The betting markets, you know
12:21
what, you have skin in the game, you know, you tend to get things
12:25
right. So the betting markets are very,
12:27
very accurate at kind of predicting things.
12:30
They were more accurate at predicting.
12:32
They're predicting the outcome of the election than any of the
12:36
pollsters. So that's why I like looking at
12:39
the betting markets. And right now, it looks like
12:43
Polly Market believes that there's a 93% chance that there
12:48
will be a 25 basis points decrease and A50 and a 6% chance
12:53
that there will be a 50 basis points decrease.
12:57
Now, if the 50 basis points decrease happens, which I think
13:01
is highly unlikely, you know, we're going to see a pump like
13:06
we've never seen before, Bro, the dopamine's going to come
13:10
back. It's going to feel fantastic.
13:13
I can't wait. I think long term, you're right,
13:15
Nico, I'm, I'm a little hesitant on today.
13:17
What's going to happen. We're probably going to see some
13:19
volatility. I can't wait, but so Jerome
13:22
Powell do us a solid. Long term, we're good.
13:25
All right, Nico. Rates by 50 basis points.
13:28
Let's go 100. Pump our back.
13:30
Let's 100 bits. Let's go 100.
13:34
Bit Daddy Powell, we're we're looking at you, we're looking.
13:37
At you. Yeah.
13:38
All right, Nika, let's let's wrap this up right here and then
13:40
let's bring Ben in because I'm sure last time we were talking
13:44
Ben, you were talking all about this so we'll give you the floor
13:46
in a minute. Just to wrap this up guys, this
13:49
essentially resembles a form of quote, final financial
13:53
repression by another name and of course is essentially yield
13:57
control. And if the price of money is
13:59
coming under tighter controls because the age-old balance
14:02
between capital and labor, between debt and GDP has become
14:05
unstable, Bitcoin stands to absorb massive capital as the
14:08
preferred hedge against the global financial system.
14:12
And we all know exactly what the Trump administration wants.
14:15
They've been saying this for a while.
14:17
They want to, you know, decrease the dollar dominance.
14:21
So they don't say this outright, but we've seen base their
14:24
actions. As we covered yesterday, Dixie's
14:26
down 10% this year. They want to lower interest
14:29
rates and they're going to implement yield curve control.
14:32
Guys, You know what that means? It means the money printer is
14:36
going into OverDrive, guys. So you want to be set in an
14:40
asset or in a money that they cannot debase, which as we've
14:44
been covering all year long, it's obviously Bitcoin.
14:48
We're seeing gold RIP. Bitcoins most likely going to
14:51
RIP harder than gold. So like, I know if you're not in
14:55
Bitcoin, like, you should probably feel a little concerned
14:58
for your friends and family at this point.
14:59
If this mandate is officially what they're doing, they're
15:03
basically saying, yeah, we're going to destroy everyone's
15:05
savings because as Lynn Alden's been saying, we have to print,
15:09
we have to continue this trend. There's nothing that can stop
15:12
this. So a lot of people will get hurt
15:14
here if they debase the currency this much, if the money printers
15:17
come on this strong, a lot of people savings are going to get
15:21
demolished right now the which is why you need some Bitcoin.
15:23
This is why you need to tell your friends and family to hold
15:25
Bitcoin because they've been telegraphing their moves
15:28
consistently all year long what they're going to do.
15:32
And now we just got a new mandate out here that they're
15:35
like, yeah, we're going to control the interest rates.
15:37
Our first two mandates of what is it, inflation and
15:40
unemployment. That's out the window right now.
15:43
So things are changing. The monetary reordering is
15:46
happening in real time. And the Fed themselves, cells
15:49
are saying this. So it's going to be very
15:51
interesting. What Jerome Powell says later.
15:53
I know everyone is going to be reading his body language.
15:55
Is is he going to look like a prisoner up there or is he going
15:58
to feel, you know, extremely good about this?
16:01
We'll know very quickly later on today what happens in the
16:05
market, what investors are feeling.
16:07
Again, I think there's going to be short term volatility, but
16:09
long term, this is all setting up for a lot more liquidity to
16:13
come into Bitcoin. Absolutely bullish, long term
16:16
Bitcoin. So hey, I'm feeling good right
16:18
now. I think it's very exciting day.
16:20
I don't think I've ever been this exciting to hear Jerome
16:22
Powell talk because everyone's on pins and needles waiting for
16:25
this. Anyways, enough ranting for me.
16:28
Bitcoin. Ben, how you doing today and
16:31
what and what do you think of the mandates new third or the
16:33
Fed's new third mandate? Well, one thing, it isn't new.
16:39
It's it's This is why they have to.
16:44
If you look at last September, right before the election chair,
16:50
Chairman Mao, which I like to call him, he lowered interest
16:57
rates right before the presidential election.
17:00
I thought we weren't supposed to do that, but never mind.
17:04
What happened with long term yields on bonds.
17:09
They went up, they went up. That's not good.
17:14
That's your proof that when they lower interest rates, they will
17:20
have to put in controls on the long yields because if they
17:27
don't, we blow out and it's, and here comes the bond vigilantes.
17:36
Well, that's what they're doing. They're setting up where they
17:40
can block them and say no, no, no, no, no, no little
17:44
vigilantes, no soup for you. And they'll lock that rate in.
17:51
Now, what does that do with Bitcoin?
17:54
What is the Bitcoin? It's a global actual bond.
18:00
That's what it is. It's a global bond.
18:04
And when you lock the rates low on every on every year term,
18:14
that eliminates everyone's options of running to the bonds
18:20
for your return. Like we have said and a lot of
18:25
us Ogs or whatever the hell you want to call us, we all knew
18:31
someday that the Bitcoin would replace the bond market, which
18:37
is the largest and most liquid market in the world.
18:43
Look at what's happening over in Europe right now.
18:48
Their bonds are getting destroyed.
18:51
They are getting destroyed, which means everyone's looking
18:56
at America bonds and and like, well, they're ugly, but they
19:01
ain't Europe. All right, So they've actually
19:05
been, well, I guess we'll take some American bonds and really
19:10
no one's buying a no one wants a 30 year American bond.
19:18
We've actually devalued our currency 20% in the last like 5
19:26
years. What's it going to be like in 30
19:29
years? No one wants these.
19:33
A lot of the actual purchases are regulated purchases where
19:40
they have to buy it. They have no choice.
19:43
They're regulated from the government.
19:46
Hey, a percentage of your allocation has to go toward box.
19:52
Well, that is price controls because a lot of these people,
19:58
they don't want bonds. They want returns.
20:02
They don't care what it is. Everyone just wants returns.
20:08
It isn't like they're all like, oh, I'm so patriotic.
20:12
I'm going to buy, you know, US bonds.
20:16
No one's freaking buying the US bonds because they love America.
20:21
They're actually buying our bonds because we have the, let's
20:28
just say the tallest, let's call it Midget in the room.
20:34
That's us. We're all midgets.
20:37
We're just the tallest 1. So all of all of the women in
20:43
the room are like, well, I guess I'll take that one.
20:46
He's short, but at least he's taller and that's where we're
20:50
at. He's exactly right.
20:54
Everyone, and I do mean everyone, guys, because once you
21:00
eliminate the bond market as an option for all of these
21:06
retirement plans and four O 1 KS and all this other crap, once
21:11
you eliminate that option where you no longer have a have a
21:17
return that is actually actually free floating, you no longer
21:24
want bonds. There's no appeal.
21:27
It's it's, it's locked in. It isn't linked with reality,
21:34
which I would argue they never have been.
21:36
That's why we have the Federal Reserve is because it, it was
21:41
created to manipulate the economy and the market.
21:48
That's it because what they tell us is, well, their job is price
21:55
stability. Really.
21:59
Well, they've done a crap job at that.
22:02
Hey, great job Federal Reserve on your number one mandate.
22:06
You totally shit shoot the bad on that.
22:10
All right, then number 2, they say may hood keep employment as
22:20
high as possible. That's labor manipulation, also
22:25
known as slavery. All right, this whole system,
22:31
the Federal Reserve and this is what Trump's doing.
22:35
Everyone, he everyone he's actually putting in the Federal
22:40
Reserve. Their job is to wind this bitch
22:45
down because Trump is rolling the power of the Federal Reserve
22:54
into the Treasury Department. That's what the Genius Act did.
23:01
Because now, for the first time since Federal Reserve in
23:06
America, they no longer have the monopoly on money.
23:12
And they're done because the Federal Reserve cannot exist
23:19
unless it's a monopoly. Yep, 100 percent, 100%.
23:24
And I think also to to like kind of connect the dots, right, Ben,
23:28
'cause you dropped hot fire, right?
23:30
First of all, we were promised as the American people back in
23:36
20 in back in 1913 that the Fed was going to stabilize markets.
23:43
The worst depressions and recessions and world wars in
23:51
United States history have all happened during the Federal
23:55
Reserve. This is not speculation.
23:58
This is not an opinion. This is something that I want
24:02
you guys to verify. The Great Depression 1930s that
24:07
happened after the establishment of the Federal Reserve.
24:09
The Great Recession 2008 that happened after the establishment
24:14
of the Federal Reserve. World War One coincidentally
24:18
happened a couple of years after the establishment of the Federal
24:22
Reserve. World War 2 happened under the
24:26
Federal Reserve, right? Again, lots of coincidence here
24:29
is and it reminds me of the, the, the, the, the quotes from
24:35
Ron Paul, which is it's not a coincidence that the bloodiest
24:38
century in human history is also the century of central banking.
24:42
Now something interesting that you were talking about, Ben,
24:46
which is again, the Federal Reserve only functions with a
24:51
monopoly, right? It only functions with the
24:53
monopoly. So it kind of explains why they
24:57
have so much hostility towards the Bitcoin industry, right?
25:02
It explains it because if you have kind of this free market
25:07
competition of money and you have Bitcoin and then you have
25:12
Fiat, who do you think's going to win there long term?
25:16
Bitcoin's going to win every single time.
25:18
And I think part of the reason that they denied Caitlyn Long's
25:22
federal banking charter is because they don't want the
25:26
Bitcoin system being entrenched into the American financial
25:31
system. That is very bad news for the
25:35
Federal Reserve. That is very bad news for the
25:37
people that have a monopoly over the control of money.
25:41
So I think Ben absolutely hit the nail on the in the head
25:44
there to kind of double back to what Arthur Hayes is saying, you
25:48
know, this is kind of late stage central banking at this point.
25:52
You know, they're going full let's control prices, let's
25:56
control this. This is top down economics.
26:00
This is not capitalism, you know, but this is the end stage.
26:05
This is what this was what this was what was always going to
26:08
happen. The massive wealth inequality
26:11
that we're seeing in society, the fact that people can't
26:14
afford things. It's it's it all comes down to
26:17
the fact that, you know, there's a financially that have the God
26:22
like ability of being able to create money for free that
26:25
everyone has to work for and that system is breaking.
26:30
It's unsustainable. You see Elon Musk talking about
26:33
this, you saw a video of him basically saying, listen, it's
26:37
unfixable. Wait, I can't fix this.
26:40
I had to step away. But I hope that robots and AI
26:45
are are able to get us out of debt because this is completely
26:50
unsustainable. You look at the debt clock, you
26:52
look at James Lavish talk about, you know, the debt spiral.
26:56
You talk about Larry Leopard talking about the big print.
26:59
You talk about Lynn Alden talking about nothing stops his
27:03
this train. Yeah, Bitcoin is the lifeboat to
27:06
get off of this because it is unsustainable.
27:09
And unfortunately, if you don't find a chair when the music
27:13
stops, you know you're going to be in a very bad position.
27:17
You're talking about potentially, you know, a
27:20
situation where, you know, we've seen this throughout history.
27:23
I don't even want to say it because it's so scary.
27:26
I hope the United States doesn't go through this type of
27:29
situation. But we've seen many countries
27:32
that have gone through hyperinflation because of
27:35
irresponsible government spending, right?
27:38
We saw Argentina, we've seen Venezuela, the famous example in
27:42
Bitcoin circles, Zimbabwe, right?
27:46
We've seen this over and over and over and over again, right?
27:50
So, you know, I, I, I, I just, I, I hope, I hope, I really,
27:55
really hope because it would be ugly that the United States
27:58
doesn't go through this and, you know, we're out.
28:01
We're able to outgrow this economically and hopefully we're
28:06
able to use Bitcoin to, to, to, to, to get out of this mess.
28:11
Let's see what happens. Anyways, I do want to give a
28:13
shout out to the live stream coming in hard today 750 live
28:18
viewers on YouTube alone about 100 live viewers on rumble and
28:23
of course, X always coming overcoming in strong over 1000
28:27
live viewers on on X. If you guys are enjoying today's
28:30
show, make sure to smash that like button.
28:33
You're listening to simply Bitcoin live.
28:35
The most watch Bitcoin only live show on planet earth Monday
28:39
through Friday smash that like button and we got a legend in
28:42
the house. Ben is a humble man and he
28:45
doesn't like to talk about his his accomplishments.
28:48
But you know, I saw Ben in a suit earlier on this week when
28:54
he was announcing the launch of the first Bitcoin bank.
29:00
Look at this man. Look at this.
29:02
Man, we're all suit coiners now. Launching us look at this, you
29:07
look at Ben, you're like no way. And I saw this and look at it.
29:10
He's in shape, he looks good, he's in a suit.
29:13
Wow. Anyways, it's official.
29:16
I'm now the proud owner and chairman of the world's first
29:21
Bitcoin backed credit union headquartered in El Salvador.
29:27
Let's hit the bars, bro. So we're going to be talking
29:33
about private KeyBank during the culture segment.
29:35
This is a major achievement. Of course, it's happening in
29:39
Bitcoin country, the great country of El Salvador.
29:42
So we're going to be talking about all that.
29:44
Also, we got some breaking news. Bitcoin whales continue to wake
29:49
up selling thousands of Bitcoin. And also, Sailor was seen
29:55
talking to US lawmakers advocating for the Bitcoin
30:01
Reserve bill. So lots of good stuff going on.
30:05
And then we have a clip from the CEO of the world's largest
30:10
crypto exchange, Brian Armstrong, which again,
30:14
Coinbase, whether you like them or not, provides the custody of
30:18
basically every single ETF. 11 out of the 12 ETFs Michael
30:26
Saylor's coins are with Coinbase.
30:29
So when this man speaks, it's probably a good idea to to hear
30:32
and he's making the claim that every G20 country is looking to
30:37
buy Bitcoin for its reserves. That is a big effing statement.
30:43
I can't emphasize that enough. Anyways, if you guys are
30:46
enjoying the show so far, like I said, smash that like button.
30:49
We got a loaded show for you guys.
30:51
We got so much to cover and we're going to be giving away
30:54
some sats towards the end of the show, so you guys are going to
30:56
want to stick around for that. Anyways, before we move, I do
30:59
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34:17
At the time of recording, the Bitcoin price is $115,700.
34:22
Bitcoin has become a stable coin and I blame Opti.
34:26
Sats per dollar 864 sats per dollar block height 915,133
34:34
Realized monetary inflation .84% market capitalization 2.30
34:41
trillion Bitcoin versus gold market cap 8.87% percentage
34:46
issued 94.86% of the Bitcoin supply has been issued.
34:52
Anyways, I have a clip here of Brian Armstrong talking about
34:56
the G20 nations. Now, who are the G20 nations?
35:02
Let's talk about this. These are some of the most
35:06
influential countries on the face of the planet, and I'm
35:11
going to go through some of them.
35:13
I'm going to go through all of them actually, once I get the
35:17
list, which is for some reason is taking me an unreasonable
35:22
amount of time. Oh, OK.
35:24
I found it fantastic. All right.
35:27
The G20 nations include Australia, Canada, Saudi Arabia,
35:31
United States, India, Russia, South Africa, Turkey, Argentina,
35:35
Brazil, Mexico, France, Germany, Italy, United Kingdom, South
35:39
Korea, Japan, Indonesia, China. So, you know, as you could see,
35:44
as you could see, you know, and look at, look at, look at the
35:47
hugs, right? I don't know where, where is
35:49
Opti? Opti should be in here.
35:51
We got the president of Brazil, got the president of India in
35:55
there. These are some very, very
35:57
important countries, right? This is a big deal, right?
36:01
And the, the fact that you have the CEO of the world's largest
36:05
exchange included in the Fortune 500, Fortune 500, he said
36:13
something really interesting. Let's check it out.
36:17
Yeah, well, the President Trump passed this executive order,
36:20
creating a strategic Bitcoin reserve and then a crypto asset
36:23
stockpile to hold some of these other ones as well.
36:26
A lot of people don't know, but you know, the US actually holds
36:29
strategic reserves of a number of different assets.
36:31
So gold is. Probably the most famous one,
36:33
but there's a bunch of other ones that they hold like, you
36:36
know, there's an oil, a strategic reserve, there's like
36:38
Palladium. I think there's a bunch of like
36:39
rare minerals. And so it's kind of a historic
36:43
step where the United States government is saying actually,
36:45
we think Bitcoin is another strategic asset which should be
36:48
held by the US government. This would have been
36:51
unthinkable, by the way, like five years ago where the
36:53
government was so skeptical of it.
36:54
And now like the United States government is, is holding a, a
36:57
stockpile of these of these Bitcoin assets.
37:00
So that was a huge moment. It kind of I, by the way, that
37:05
now that the US is doing this, I think like the rest of the G20
37:08
countries and central banks are all starting to look at this.
37:11
It just kind of instantly legitimized it.
37:13
And you know, President Trump, to his credit, he's, he said he
37:16
wants to be the first crypto president in the United States
37:19
and certainly in the world. Like he, he's all in on this.
37:21
He's like America has to lead here.
37:23
This is a technology to update the financial system and, and
37:26
become a financial center of the world, which is important for
37:29
American power. So he's kind of gone all in on
37:32
it. And I think the rest of the G20
37:34
are now looking at this as a model to follow.
37:36
Man, nice work. But that last part, that last
37:41
part is where the gold is. The G20 are looking at what the
37:47
Trump administration is doing, and they're seeing it as, quote,
37:51
a model to follow. Those are some very, very big
37:55
words. And I believe that's a big
37:58
mainstream podcast. So I'm going to pass it on to
38:00
Ben. Ben, I mean, we're winning, man.
38:03
We're winning. This is what winning looks like.
38:07
You know, five years ago, 10 years ago thing things didn't
38:12
seem so certain. We were persecuted as an
38:15
industry. We were doubted.
38:17
We were made fun of, we were ridiculed, we were mocked.
38:22
This is what vindication looks like.
38:25
This is what winning looks like. Trump promised us at Nashville
38:28
2024 that we we would get tired of winning.
38:32
I I would agree with him, but the price still hasn't gone up,
38:36
so I'm not tired of winning yet. Bitcoin Ben, what are your
38:41
thoughts on what Mr. Brian Armstrong had to say?
38:46
Well, I number one would argue the price has actually gone up
38:50
because when I initially bought it, it was $600.00 of Bitcoin.
38:57
Now it's 118 or 16 or whatever the hell price has gone up a
39:02
little bit. And I also, all right, we have
39:08
an example of what's going on right now.
39:12
In the 1970s, when they actually took us off of the gold, we had
39:21
an example of exactly what we have right now.
39:25
We switched from gold to the petrodollar.
39:30
Now, right before we switched to the petrodollar, we had an oil
39:37
shortage. This was not an oil oil
39:42
shortage. There was plenty of oil
39:45
produced. What happened was there was an
39:50
oil huddle. There were countries all over
39:55
the world that knew that the US dollar was about to be repriced
40:04
in oil, so they huddled the oil and that that.
40:10
Time, we really didn't have an oil reserve.
40:13
We had oil production, but we didn't have oil reserves.
40:18
That's what launched the whole oil reserve idea was damn, we
40:23
need to huddle some oil ourselves.
40:27
And that's what we're going through right now.
40:30
Except instead of oil, we're going to roll it into the
40:35
Bitcoin. That's what Trump's transition
40:39
is, is that's why we've heard Trump say that the Bitcoin is
40:47
the new oil. That's what he's referring to.
40:52
And everyone out there was like, the price hasn't gone up on
40:57
Bitcoin that much, guys. Right before the oil huddle, oil
41:06
was cheap. It was cheap and it didn't
41:10
really fluctuate much. And then the great oil huddle of
41:16
the 70s shot it up to ridiculous prices.
41:22
And that's on an unlimited supply commodity.
41:28
We're dealing with a fixed supply commodity as they label
41:34
it. We're in a whole different world
41:38
folks. You think $110,000 or whatever
41:44
the hell it's at right now is high?
41:48
Guys. It's the same actual Bitcoin.
41:54
It actually takes 110,000 pieces of crappy paper to purchase one
42:04
digital Bitcoin. It hasn't changed.
42:09
It's the same friggin Bitcoin. What's changed is the purchasing
42:15
power of the dollar. This is why right now, and this
42:20
happened in the transition with oil is so many people were like,
42:27
oh man, I'm, I'm, I'm going to sell oil futures because I want
42:35
those dollars. Yeah, they did.
42:38
They sold oil futures and they made dollars and then we created
42:43
the Petro dollars and those actual dollars were devalued.
42:51
What we have right now, everyone who's like, oh man, I can't wait
42:56
for the piece of paper value to go up in Bitcoin.
43:03
And this happens with every single currency change.
43:07
The wealthy, the rich, the people in the know front run the
43:15
currency change and they actually buy the good currency.
43:21
That's what Michael Saylor's doing.
43:23
That's what all of the countries are doing.
43:26
That's what Trump is. He's selling his own currency to
43:34
buy a new currency. Here's here's a great point.
43:40
You guess what we do not hold in reserves in America?
43:47
U.S. dollars. Doesn't that say something that
43:53
the federal government does not hold U.S. dollars in their
43:59
strategic reserves? What does that mean?
44:05
They know it's it, it ain't worth crap because they make it.
44:10
They print it. It's little pieces of wood.
44:14
All right. That's all it is.
44:17
Well, actually, our currency is more cotton than wood, but you
44:20
know what I mean. It's they're selling their own
44:25
junk currency to buy real currency.
44:33
And this is what's going on right now.
44:35
So everyone, and like I said, this happens with every single
44:40
currency change. The wealthy see it coming, The
44:44
government sees it coming. They actually build reserves.
44:48
And that's what Michael Saylor's doing.
44:50
He's building a reserve. That's what Nakamoto's doing.
44:54
They're building reserves. Everyone is building reserves.
44:59
Well, what to reserve? For.
45:02
A reserve is for when shit changes.
45:06
That's what a reserve is for. And what I'm afraid of is we're
45:13
actually going to hit a level where one friggin Bitcoin is
45:18
worth 250,000 little pieces of toilet paper.
45:24
And the average Joe and average chain are going to sell their
45:30
actual Bitcoin and go look at all these pieces of paper,
45:34
little pieces of toilet paper. I got woo woo.
45:38
I'm rich. Because they have a mindset that
45:42
they think the dollar has value and it doesn't.
45:48
It's collapsing. We have a great example of
45:51
what's going on right now, this very moment.
45:55
Weimar Germany, Did you know, at the end of the Weimar, Weimar
46:03
Republic collapse, their stock market hit record highs.
46:14
The price of gold in their currency hit record highs and
46:19
then they went into hyperinflation.
46:22
That's right where we're at. And you want to talk about
46:26
inflation, guys, the Genius Act is actually genius because they
46:34
are creating Treasury inflation. That's completely different from
46:43
currency inflation because when Treasury inflation happens, that
46:50
is recapitalizing the federal government because the Treasury
46:56
bonds, remember, the Genius Act requires that anybody who's
47:02
wanting to send out their own coin and don't think it's only
47:08
banks. Walmart will buy treasuries,
47:12
Home Depot will buy Treasuries, all of these large corps.
47:18
The bank I run is going to buy treasuries so we can issue our
47:24
own stable coin. This is all good news because
47:31
what we are doing is we are returning to Private Banking of
47:37
America from 1920 until about 1968 ish.
47:44
Well actually 1964 if you want to get technical but or 1864 I'm
47:50
1820 to about 1863 ish and that was known as the private banking
48:00
era. We had 7000 different currencies
48:08
here in America in that period because there was private
48:13
banking. All of the banks had to compete
48:17
for capital. And that's how you have a true
48:22
free market. And that's what we are going to.
48:26
Again, that's why Trump is old. Here's and here's a little hint
48:32
on what Trump's doing. Hey yo Nico, hop on here real
48:38
quick. Yo.
48:42
Let me ask you a question. What is the first European
48:47
country to announce they are creating a reserve of the
48:53
Bitcoin? I don't know, I don't know what
48:56
is the first European coin. Ukraine, they announced it last
49:02
week, and they announced it right after Zelensky returned
49:09
home from America at the White House.
49:15
Trump basically told him, look, the war's over.
49:21
You're done. You have a choice.
49:24
You keep playing your progressive games with NATO or
49:33
we help you to actually make you claim great again.
49:40
And as soon as they announced that they're launching a reserve
49:47
of the Bitcoin, I knew it. Voila, that war is over.
49:53
We're done. It's just rat.
49:57
All we got to do is wrap a little bow around it.
50:00
And that's what Putin and Zelensky are are going to do
50:05
Now, where is Trump right now? Bingo.
50:10
Ukraine introduces bill to allow it's it's written on the wall,
50:19
guys. It's right there, all right.
50:22
And now where is Trump at right now?
50:26
He's over in the UK. What was announced yesterday
50:33
that the US and the UK have agreed on terms on crypto
50:41
relationship? Let me tell you what's going to
50:45
happen. UK had Brexit, Trump is going to
50:53
allow them to launch their own stable coin with the reserves,
51:01
U.S. Treasury reserves.
51:04
All right, oh, and I can actually talk about this all day
51:08
long because what really happened, if you want to know
51:12
what really happened over in the UK today, the king transferred
51:21
authority over to Trump. Those of you who think that
51:26
sounds crazy, you don't know bloodlines.
51:31
All right, Trump was invited to Windsor Castle.
51:37
Windsor Castle is the home of the bloodline of the Royals, and
51:46
Trump was presented the Royal Guard and Trump walked through
51:56
and was walked through the Royal Guard presenting the guard to
52:04
Trump. And where was the King?
52:09
Walking behind Trump like a lost little puppy, right?
52:17
Yes. And also, oh, no, no, keep on
52:22
playing that Hope, hope. Hopefully it should.
52:26
I look at all of the horses. What color are the horses you're
52:31
seeing? They're all black, right?
52:35
Right now. Now you're starting to see white
52:43
horses, all right, if you know Royals and how much they are
52:53
huge on presentation and huge on on the official way to do
53:02
things. Plus, Trump is riding in what is
53:12
Yes. All right, this is this is the
53:16
old king transferring authority of the royal guard to Trump.
53:23
Look, look up history, all right?
53:28
This is what This is why Trump said last or earlier this year,
53:35
Hey, Canada, why don't we make you the 51st state?
53:44
This is what he was hinting at. Because what he's, what he's
53:52
actually going to do is he's going to relieve Canada from its
53:59
obligation to the Queen. You guys might think I'm crazy.
54:03
Here, look this up. Putin's gift to Trump's wife in
54:11
Alaska because no one knows her bloodline.
54:16
I swear, guys, I am not bullshitting you look up and
54:21
bring it up. What gift did Putin give Trump's
54:28
wife in Alaska? It's a ring.
54:33
It's a Romanov royal ring. It's priceless.
54:41
These. There's only one theme right
54:47
there, right? There's only one.
54:54
And who wears the Romanov royal ring?
55:01
The Queen. That's it right?
55:08
Him giving her that ring was recognizing her bloodline and
55:16
giving her the authority of the Romanov dynasty.
55:26
I know it sounds crazy guys, but I am a history nut.
55:30
This is I, I love having Bitcoin Ben on the show, taking us down
55:36
the rabbit holes of the rabbit holes, connecting the dots.
55:41
Yeah, it's it's it's pretty crazy.
55:44
I did notice, Ben, I'm, I'm not as, as, as educated on, on a lot
55:48
of these topics as you are, but I did notice the fact that, and
55:53
this is royal protocol, everybody, by the way, usually
55:58
the king or the queen is supposed to step ahead of the
56:03
foreign dignitary. And that was not the case this
56:08
morning. And I did notice that I, I can't
56:10
speak towards the other things, Ben, because again, I'm not, I'm
56:14
not really educated on the matter.
56:16
But I, I did notice that and I found it quite interesting.
56:20
I'm going to pull up a picture. I did find that quite
56:24
interesting. And again, just kind of the
56:28
introduction that they were like, you see, Trump is clearly
56:32
walking in front. Hang on.
56:33
One second. All right, watch right there.
56:35
I'd pause it. All right.
56:38
The guy on the right of Trump, he's the head royal guard.
56:47
He's like the head honcho of the Royal Guard.
56:52
Now mind you, this is not the military, This is the Royal
56:58
Guard. Their job is to actually guard
57:03
the king and the Queen. That's it.
57:08
And that guy on the right is actually doing a ceremony that
57:17
is presenting the royal guard to the new king.
57:24
It is actually called passing of the guard.
57:29
And just like you said, he's walking behind him.
57:33
That kings do not walk behind anybody.
57:40
Yeah. Big no no.
57:42
I, I, again, I'm not, I'm not, I'm not as well versed in all
57:46
this, but I, I will say that I am, I do know about this.
57:50
It is a very big no no for the American president to to, to
57:57
walk in front of the king and Ben.
58:01
Maybe you're connecting dots that the rest of us do not see.
58:05
But I did notice that I did notice that as soon as you
58:08
pointed it out and I will, I will play this a video one more
58:12
time. I, I don't think I, I haven't, I
58:15
have not seen. I have, I have not.
58:19
Seen a White Horse and a Black Horse right there, right?
58:23
The White Horse was on the same side as Trump was in the
58:31
carriage. That White Horse represented
58:34
Trump because Trump's bloodline is actually known as the White
58:41
Horse bloodline. I can go deep.
58:46
I can go as deep as you want with this runner.
58:48
Grab your shovel. We will go deep.
58:51
All right, everybody, we're going to move on to the next
58:53
segment. But this is this is, again,
58:56
we're connecting dots. You guys don't trust verify.
58:59
Do your own research. And yeah, Ben, I think you've
59:04
been pointing out some things that, again, not a lot of us
59:07
have noticed and not a lot of not a lot, not a lot of us have
59:09
seen. But as you can see, Trump is
59:12
getting escorted. You know, I think this is one of
59:14
the royal carriages that I don't think I've ever seen an American
59:17
president given those types of honors, right?
59:21
And again, you know, again, this, this image right here
59:25
where President Trump is walking in front of the king.
59:28
Maybe there's something there. Maybe there were.
59:30
We're reading too much into it. But guys, do your own research.
59:34
Don't trust verify and you guys got to tune in to to Ben's show
59:39
where he talks about he does deep dives into a lot of this
59:43
stuff. Anyways, guys, we're going to
59:45
hit the new segment. We have tons to talk about
59:47
today. You guys are going to want to
59:48
stay tuned and smash that like button and we're going to be
59:51
right back in just a bit. I want to give a shout out to
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back. Powell, what time is it?
1:01:48
It's time to pump. We got like 15 minutes.
1:01:50
It's time to pump. Well, it did pump while Ben was
1:01:53
talking and now it just dumped. It's time to pump our bags, Mr.
1:01:57
Powell. It's time to pump our bags.
1:02:00
That's what time it is. And it was.
1:02:02
I do want to go through these news stories very quickly and
1:02:05
then I want to move on to the culture segment.
1:02:07
We're going to be talking to Bitcoin Ben about private
1:02:11
KeyBank in El Salvador. Bitcoin whale awakens after 12
1:02:16
years, transfers 1000 BTC before US Fed meeting It goes on to say
1:02:23
a long dormant Bitcoin whale moved $116 million worth of
1:02:28
cryptocurrency after 12 years, just before the US Federal
1:02:33
Reserve closely watch interest rate decision.
1:02:37
The unknown whale woke up after 12 years of dormancy to transfer
1:02:41
1000 BTC worth around $116 million at current prices, which
1:02:47
he initially acquired for a hundred $847 per coin.
1:02:52
The BTC was worth around $847,000 at the time, which the
1:02:57
whale huddled for over a decade before transferring it to new
1:03:02
wallets on Wednesday for over $100 million, a $100 million
1:03:07
transfer accord shortly before Wednesday's upcoming Federal
1:03:11
Open Market Committee. The FOMC meeting a highly
1:03:15
anticipated event that may deliver the first US interest
1:03:19
rate cut of the year. Market watchers are calling the
1:03:22
Fed's decision one of the most significant of the year, with
1:03:25
96% of the participate participants at anticipating a
1:03:30
25 basis points cut. Tomorrow's the most important
1:03:34
FOMC of our lives until the next one, said the founder and CEO of
1:03:40
Into the Cryptoverse Very popular Bitcoin sorry crypto
1:03:44
YouTube channel. Over 57% of Bitcoin hodlers
1:03:47
across all exchanges are currently short, meaning that
1:03:51
they are betting on bitcoins price decline, while only 42%
1:03:55
remain long, according to blockchain data from Coin R from
1:03:59
Coin Inc. Meanwhile, Bitcoin futures open
1:04:03
interest fell by over 2 billion in five days, signaling more de
1:04:09
risking amid future tradings ahead of the FOMC meeting, Coin
1:04:14
Telegraph reported on Monday. Still, traders on the world's
1:04:17
largest exchange Binance, have been buying Bitcoin ahead of the
1:04:21
key interest rate decision. It goes on to say Binance saw
1:04:25
nine days of constructive outflows for Bitcoin leading up
1:04:29
to the FOMC meeting, a trend that appears to be a major
1:04:33
driver behind bitcoins recent bounce from 108K to 115K.
1:04:40
Analysts at Bank of America expect at least it's 2 interest
1:04:44
rate cuts by the Fed in 2025, September and November, while
1:04:49
economists at Goldman Sachs are projecting 325 basin points cuts
1:04:54
for this year, Coin Telegraph reported on September 6.
1:04:59
It goes on to say another article, US lawmakers tap Sailor
1:05:04
Lee to advance Bitcoin reserve bill.
1:05:07
That's right, Michael Saylor was in Washington DC with Tom Lee
1:05:12
among eighteen other industry leaders who look to at ways to
1:05:17
pass the Bitcoin Act US lawmakers are are to meet with
1:05:22
18 in crypto industry executives, including strategy
1:05:27
Chairman Michael Saylor on Tuesday.
1:05:29
So this happened yesterday to discuss how Congress can move
1:05:32
forward with President Donald Trump's strategic Bitcoin
1:05:36
reserve. Those in attendance will also
1:05:39
include Funstrat's CEO Tom Lee, who is also chairman of Bitmine,
1:05:44
as well as Mara CEO Fred Teal. According to crypto advoccy
1:05:48
group The Digital Chambers, which shared the full list with
1:05:51
Coin Telegraph on Monday, the industry executives are looking
1:05:55
to build momentum behind the Bitcoin Act, a measure
1:05:58
introduced by Senator Cynthia Lummis in March that calls on
1:06:02
the government to acquire 1,000,000 Bitcoin.
1:06:06
The purchases would be funded through the Federal Reserve and
1:06:09
the Department of Treasury, which Trump's executive order
1:06:13
stating that it must be financed through budget neutral
1:06:15
strategies. The roundtable will be hosted by
1:06:19
the Digital Chambers and its affiliate, the Digital Power
1:06:22
Network. The Bitcoin Act could be the
1:06:25
next major focus for lawmakers on crypto legislation following
1:06:30
their efforts to pass the Genius Act stablecoin bill in July.
1:06:35
Bitcoiners pitch ideas, seek answers The Bitcoin industry
1:06:39
executive will pitch ideas around how the US could fund
1:06:42
these Bitcoin purchases without impacting taxpayers.
1:06:46
Quote The focus will be on ensuring the strategic Bitcoin
1:06:49
reserve is an advance in a budget neutral way, building the
1:06:53
coalition needed to move the Bitcoin Act forward.
1:06:56
Among the budget neutral strategies that have been
1:06:59
floated so far are the reevaluation of the Treasury's
1:07:02
gold certificates and the tariff revenue.
1:07:05
They will also seek to learn what has stalled momentum with
1:07:09
the Bitcoin Act over the last six months and what the biggest
1:07:13
objections to the bill are among lawmakers, Bitcoin miners, VC
1:07:18
bankers to also meet with lawmakers.
1:07:22
Several Bitcoin mining executives will attend the round
1:07:25
table as well, including Cleanspark executive Mount Matt
1:07:30
Schultz. And I can't pronounce that.
1:07:32
I'm sorry. Mara's Jason Browder and Bit
1:07:35
Deer's Harris Bassett Executives from Crypto Focus, venture
1:07:41
capital firms Off the Chain Capital and Reserve One will be
1:07:45
in attendance, as will Andrew McCormick, the head of
1:07:48
investment platforms for E Toro's U.S. business, Tradfi.
1:07:53
Representatives who will take a seat at the table at the seat at
1:07:56
the roundtable will include Western Alliance Banks David
1:08:00
Fragile, Fragi, Fred Jew and Blue Squares Wealth J Bluestein.
1:08:07
So anyways, lots of breaking news.
1:08:10
Michael Saylor in Washington DC trying to get the Bitcoin Act
1:08:15
pass. The Bitcoin Act again is an act
1:08:18
introduced by Senator Cynthia Lummis to get the United States
1:08:22
government to buy 1,000,000 Bitcoin.
1:08:26
Michael Saylor has famously said that the first country to use
1:08:30
their Fiat money printer to buy Bitcoin is going to win, and I
1:08:35
agree with that. In other news, it seems like all
1:08:38
that the so-called lost Bitcoin isn't so lost it it it it
1:08:44
appears that these dormant addresses that have been, you
1:08:47
know, long since believed to have been lost all this Bitcoin,
1:08:52
they seem to be waking up now that Bitcoin is at $115,000 per
1:08:58
coin. And that seems to be
1:08:59
contributing to a lot of the downward sell pressure.
1:09:03
Anyways, that wraps up the new segment for today.
1:09:05
We're going to go straight into the culture.
1:09:07
The show is running a little bit long today and I do want to give
1:09:11
Bitcoin Ben the time to talk about private KeyBank.
1:09:15
So we're going to be right back in just a bit.
1:09:18
But before we do that, I do want to give a shout out to Mining
1:09:23
Disrupt in Dallas, TX November 11th through the 13th, 2025.
1:09:29
It's going to be about Bitcoin mining, AI, and energy again
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#opti's going back to Dallas. You want to get your tickets
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now? It's November 11th through the
1:09:41
13th of 2025. You can scan the QR code on your
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screen right now, get you a discount on your ticket.
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The whole Bitcoin is a simply Bitcoin crew will be there.
1:09:54
Ruston Opti myself, we're going to have a booth, we're going to
1:09:57
be doing interviews from the floor.
1:09:59
You are not going to want to miss Mining disrupt in Dallas,
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TX November 11th through the 13th, 2025.
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If you're interested about AI, if you're interested about
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Bitcoin mining, if you're interested about energy, you are
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not going to want to miss this Bitcoin mining conference again,
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Dallas, TX, November 11th through the 13th.
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If you use the QR code or check the link in the video
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description, you will get a discount on your tickets.
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We'll see you guys in Dallas, TX very, very soon.
1:10:33
Alright everybody, let's get to the culture.
1:10:35
We're going to be talking to Bitcoin Ben about Private
1:10:39
KeyBank and all of Bitcoin Ben's famous worldwide ventures.
1:10:45
We're going to be right back in just a second.
1:10:48
I want to give a shout out to our partner Hive Digital
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IO. Join today where Bitcoin meets
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freedom. All right, everybody, we are
1:12:52
back. Ladies and gentlemen, it is
1:12:55
almost time. Opti, I don't.
1:12:57
Why did you stop? Why did you do that?
1:12:59
I thought that was from last. It is almost time ladies and
1:13:03
gentlemen. Drum roll please.
1:13:06
We got 3 minutes until the announcement.
1:13:10
You play something on the sound. I'm so excited.
1:13:14
I don't know if I got anything. We got 3 minutes ladies and
1:13:19
gentlemen. I'm so so happy the lead
1:13:25
communist is about to actually tell us what what the price of
1:13:33
money is. Thank God for Chairman Mao.
1:13:40
Yo, we're going to find out in 2 minutes what Jerome Powell is
1:13:46
going to say. Again, the chairman, the
1:13:48
chairman of the Federal Reserve. Very interesting name there.
1:13:51
I don't think it was, I don't think it was, you know, a
1:13:54
coincidence. But anyways, we got Bitcoin Ben
1:13:58
in the house joining us today. Bitcoin Ben is a rock star,
1:14:03
ladies and gentlemen. He is the CEO of the world's
1:14:08
first Bitcoin bank in El Salvador.
1:14:12
I'm going to show you guys a picture.
1:14:14
That's right, Bitcoin Ben was in a suit.
1:14:17
Ladies and gentlemen, this is not fake news.
1:14:20
This is real. We saw.
1:14:21
In the. Suit I, I, I freaked out when I
1:14:24
initially saw it because I said, Oh my God, this can't be real.
1:14:29
And, and Ben, you, you're in shape.
1:14:30
Look at that, you're in shape. You're in a suit.
1:14:33
You look professional. And he is now the proud owner
1:14:37
and chairman of the world's first Bitcoin backed credit
1:14:41
union headquartered in El Salvador.
1:14:45
So, Ben, could you talk a little bit about Private KeyBank?
1:14:51
Yes, actually it's it is. I'm renaming it private key
1:14:59
capital because opportunities have arisen.
1:15:06
I didn't really grasp what I let's just say I bought a credit
1:15:12
union kind of on impulse because someone all said, hey, I have a
1:15:17
credit union, would you like to buy it?
1:15:20
And I was like, sure, why not? Hell with it.
1:15:25
And now I know the opera that arise owning and running this
1:15:32
credit union and it's larger than I originally thought.
1:15:38
We can offer bonds and when when you hold your savings because
1:15:46
this is available worldwide. That's why I bought it because
1:15:50
it it has worldwide licensing worldwide.
1:15:58
And that's why I bought it, because we can actually offer
1:16:03
our services to Americans, to Australians, to everyone on the
1:16:11
world. And what that allows us to do is
1:16:18
set up your savings account like you are mining actual, actual
1:16:26
Bitcoin. Oh, surprise, surprise.
1:16:28
Thank you, Chairman Mao. Ladies and gentlemen, it's
1:16:31
official breaking news. It's official. the Fed has cut
1:16:36
by 25 basis points, which was what it was to be expected
1:16:43
there. Is it it's also expected that
1:16:45
the Fed is going to cut 25 basis points two more times heading
1:16:50
towards the end of the year. So the price right now one
1:16:54
minute charge is is going crazy. But Ben, please continue.
1:16:59
Please continue regarding private KeyBank just breaking
1:17:04
news. Breaking news.
1:17:05
Oh, yeah. This is why we need private
1:17:09
banks. This is why we need to RIP the
1:17:13
control out of the Federal Reserve.
1:17:17
And how you do that is this might sound weird.
1:17:22
You open a bank, but you hold your reserves in not what the
1:17:31
old system held it in which was like treasury bonds and bullshit
1:17:37
like that which I will hold some treasury bonds so we can launch
1:17:43
our cable coin and lending. Now, the real, the real reason I
1:17:51
launched this, it is I, I'm for the average Joe, all right?
1:17:58
I don't worry about Michael Saylor.
1:18:01
I don't worry about wealthy people at all.
1:18:06
They will take care of themselves.
1:18:09
They will roll over all of their capital, get into Bitcoin and
1:18:14
just have smooth sailing. No one's going to worry about
1:18:17
the price of eggs over at Michael Saylor's house, all
1:18:21
right? What I want is what America used
1:18:26
to be, and we can have it again because of American Bitcoin
1:18:35
industry. What a lot of people don't look
1:18:38
at is they're like, oh, you know, price go up.
1:18:43
Look at the industry in the 1800s when we had the California
1:18:50
Gold Rush. Everyone says, oh man, the gold
1:18:56
rush was awesome. Yes, everyone was trying to get
1:19:00
as much gold as possible, but who actually made the money?
1:19:08
Those who sold the shovels? The Levi's of the world, that's
1:19:18
what I am creating. And I don't want Michael Saylor
1:19:23
owning a piece of my credit union.
1:19:28
I don't want Michael Saylor owning a piece of my mining
1:19:34
company. I want average Joe's, average
1:19:39
chains, because we're reaching a price right now, and this is not
1:19:44
saying anything negative. We're reaching a price where the
1:19:50
average Joe and the average chain rolling their money into
1:19:57
actual, actual Bitcoin, they receive a certain amount of
1:20:03
actual Bitcoin. The number they own never goes
1:20:09
up. What actually goes up is the
1:20:15
amount. Of U.S. dollars that it actually
1:20:20
takes to purchase that amount of actual Bitcoin.
1:20:27
You're getting poorer in terms of the Bitcoin because the old
1:20:36
currency is actually it. It is dying.
1:20:42
What he just announced is, hey guys, we're going to let a
1:20:47
little bit more blood out of your body.
1:20:50
Metaphorically. Metaphorically.
1:20:53
All right, because currency is the blood of a nation or in the
1:21:02
case of actual Bitcoin, of the globe.
1:21:06
This is the blood of the future economic system, and I don't
1:21:13
want the CEO of BlackRock running and creating our new
1:21:22
global monetary system. I don't want the elites of the
1:21:28
old system just rolling into the new one like they own the joint.
1:21:36
I want the people who owned the infrastructure.
1:21:41
So does Trump. That's why he announced that
1:21:46
four O 1 KS can now hold Bitcoin because what he's trying to do
1:21:53
is recapitalize the middle class and lower class because when he
1:22:03
when this legislation is passed, we're off to the races.
1:22:09
We're off to the races right now.
1:22:11
We just don't realize, like you guys said earlier, wow, there's
1:22:19
a whale who's who's actually moving there.
1:22:25
That's not a whale. That is an organization who
1:22:31
actually purchased some Bitcoin earlier once they realized what
1:22:37
was happening and they held it for ammunition for this time.
1:22:44
Price suppression, guys, we are not.
1:22:51
The elite are at war with us, and we think that they're just
1:22:57
living their lives and just going along.
1:23:03
Why did the CEO of BlackRock, who I could argue and bring
1:23:09
receipts, is probably one of the most evil?
1:23:12
OK. OK, OK, OK, I did the did the
1:23:18
camera die? I got it.
1:23:19
But yeah, I think it's it wasn't plugged in.
1:23:23
But yes, yes, I'm going to turn on the face.
1:23:27
The face FaceTime. Here we go.
1:23:30
Boom, Jim. You got the green screen going
1:23:34
on, brother. And now he's muted.
1:23:41
The gremlins are out. Well, while we're waiting on
1:23:52
Nico to get his shit together, I'm going to hijack this.
1:23:57
No, it's, and I won't say nothing Mad Nico.
1:24:00
It's the elites of the old system are literally trying to
1:24:07
capture the new system because they know what we know.
1:24:12
It's unstoppable. This train is unstoppable.
1:24:18
You can hate the Bitcoin. You can wish it didn't exist.
1:24:23
You can wish all you want BlackRock knows what Bitcoin is,
1:24:31
the elites know exactly what it, and they've held it off as long
1:24:36
as they can. And that's why Trump is over in
1:24:40
the UK right now. And that's why all of the
1:24:44
influencers and important people in the Bitcoin industry are in
1:24:51
Washington. It's why Ukraine announce
1:24:57
they're going to launch a Bitcoin reserve.
1:25:00
Did anyone have it in the cards that Ukraine would be the first
1:25:07
European country to announce a strategic reserve of Bitcoin?
1:25:16
What changed their mind 'cause remember who's who was
1:25:23
Zelinsky's favorite American sleepy Joe Biden?
1:25:30
Exactly what? Who was was Joe Biden our
1:25:37
friend? Did they love Kryptos?
1:25:40
Did they love the Bitcoin? No, they were our enemy.
1:25:44
So just a month ago, Zielinski was not a friend of this
1:25:53
industry. Then he swings over to the White
1:25:56
House, has a little ass whooping from Trump, put over the knee
1:26:03
slap. Met met met met metaphorically
1:26:05
metaphorical metaphorical ass whooping.
1:26:08
Ben Ben, I do want to focus. We are getting to the top of the
1:26:12
hour. I want to focus on Private
1:26:14
KeyBank Ben Ben, Where can people find out more information
1:26:18
about private KeyBank, about Bitcoin, about Bitcoin Ben
1:26:22
ventures? Where can they find out more
1:26:25
about it? If they want to sign up to the
1:26:27
bank again, the world's first Bitcoin native bank, where do
1:26:31
they go? Www.godthatshows my age
1:26:35
www.bitcoinben.io and if you're interested in owning a piece of
1:26:43
a mining company, you can call us because every I call.
1:26:49
That call that number in the back, in the back, it's really
1:26:52
right there. I want you to own part of an
1:26:58
American mining company and you, it isn't about the money with
1:27:07
me. It isn't about the money.
1:27:10
It's about the freedom. We need to decentralize freedom.
1:27:15
The elite have plenty of freedom, guys.
1:27:18
They are just full of freedom and full of other things.
1:27:22
What we aren't, what we've lost is our freedom.
1:27:27
How do we get it back? We actually put the production
1:27:32
of the greatest monetary representation representation
1:27:38
ever created by man or recognized by man.
1:27:43
We own the mining facilities of this new globe.
1:27:51
Beautiful. Right.
1:27:53
So if you're interested in owning a piece of my mining
1:27:59
company with me, give us a call because I'm actually going to do
1:28:05
a call this Friday. You called that number, you
1:28:10
actually you can actually get a link to that call with me and
1:28:16
ask all the questions you want about our bank, our mining
1:28:19
facility, our clubs, whatever. Go check out guys.
1:28:24
Go check out Bitcoin Ben dot IO. Check out the number behind him.
1:28:29
You can get a piece of it. You could purchase a piece of
1:28:32
his mining company. It's always a great time to have
1:28:36
Bitcoin Ben on the show dropping some insights, guys, do your own
1:28:42
research. You know, don't trust verify.
1:28:45
Look into all this stuff. I'm sure it's a, a, a very, very
1:28:49
deep rabbit hole, but I did notice some things that that Ben
1:28:53
was talking about. You know, you did have Trump
1:28:56
walking in front of the king. I thought, I thought that was
1:28:59
very I thought that was very interesting, very symbolic to
1:29:02
say the least. Anyways, if you guys enjoyed
1:29:05
today's show, guys, we're we're out of time.
1:29:07
So we're gonna be giving away double the giveaway tomorrow
1:29:10
during the simply Bitcoin live show.
1:29:11
But we're we're already at an hour 30.
1:29:14
If you guys enjoyed today's show, make sure to smash that
1:29:17
like button. Make sure to subscribe, and I'm
1:29:21
your host. Nico is my legendary host
1:29:23
Optimus Fields. Our special guest for today is
1:29:25
special guest for today Bitcoin Ben.
1:29:28
He is again the the founder of Bitcoin Ben dot IO worldwide
1:29:34
ventures. They have resorts, they have
1:29:36
clubs, they have a bank now. It's fantastic.
1:29:39
Go check out Bitcoin Ben dot IO guys.
1:29:42
We love you all and we'll see you on the next one.
1:29:43
Take care everybody. Today's episode was brought to
1:29:46
you by bitcoinwell.com, a Bitcoin only platform on a
1:29:50
mission to enable financial independence.