Latest / Simply Bitcoin / YOU Have 5 Days LEFT: Trumps NEW Executive Order Plan CHANGES Everything! | EP 1161

Transcript

YOU Have 5 Days LEFT: Trumps NEW Executive Order Plan CHANGES Everything! | EP 1161 · Simply Bitcoin

• 0:00
  Yo, a Washington Post leak is saying that Donald Trump will
• 0:04
  sign game changing executive orders on day one of him taking
• 0:08
  office that could unlock 10s of trillions of dollars to flow
• 0:11
  into Bitcoin. And Forbes doubled down on this
• 0:14
  by releasing an article with the headline leak reveals eminent
• 0:18
  Trump game changer $100 trillion Bitcoin price predicted So what
• 0:22
  will these executive orders be? Well, we obviously won't find
• 0:27
  out for another 5 days, but according to the inside sources
• 0:30
  close to the Trump administration, these executive
• 0:33
  orders are very high on Trump's priority list, and the one that
• 0:37
  we believe could unlock trillions could be repealing a
• 0:41
  controversial crypto accounting policy.
• 0:44
  So let's get into this guys. We got a lot to cover for you on
• 0:49
  today's show. Now, of course, I'm not alone
• 0:52
  here. We got our boy Nico sitting in
• 0:55
  the cohost seat. So I'm going to start off with
• 0:57
  the floor's headline, just the one that caught a lot of a lot
• 1:01
  of attention on Twitter. And of course, it's it's a it's
• 1:04
  a it's an eye-catching headline. And here you can see they
• 1:07
  actually updated this yesterday or this morning, Sorry, but this
• 1:11
  is the one from Monday. And it goes leak reveals eminent
• 1:14
  Trump game changer $100 trillion Bitcoin price predicted.
• 1:18
  And this morning they updated and essentially said that
• 1:21
  because of this leak, This is why the Bitcoin price is
• 1:24
  pumping. I mean, who knows?
• 1:26
  Everyone likes to find a reason for the price to pump Now moving
• 1:29
  forward. There was a Washington Post
• 1:31
  article coming out and there was a leak coming through this.
• 1:35
  And so here's a screen grab from the article.
• 1:37
  Got it on Twitter and it goes from The Washington Post early
• 1:40
  wins. Saxon members of the Trump
• 1:42
  transition team have been working closely with crypto
• 1:44
  leaders to finalize a legislative strategy.
• 1:47
  And Trump is expected to issue executive orders on the first
• 1:51
  day of his presidency that may address issues including the
• 1:54
  banking and the repeat of a controversial crypto accounting
• 1:57
  policy requiring banks holding digital assets to count them as
• 2:00
  liabilities on the bank's own balance sheet, according to a
• 2:04
  person involved with the conversations.
• 2:06
  And now, again, the extra quote, the Trump team has made it very
• 2:09
  clear that this is a priority. Now, of course, diving into
• 2:13
  this, what exactly is the policy that they're talking about?
• 2:16
  Well, I can't actually pull up the Washington Post article or
• 2:19
  the Forbes article because it's behind paywalls.
• 2:22
  So the Daily Huddle did some work for us here U.S. banks this
• 2:25
  may hold Bitcoin and crypto under incoming Trump executive
• 2:28
  order a report says so president again, you know, rehashing this
• 2:32
  going to issue an executive order apparently on day one.
• 2:35
  Do we know which ones they're going to be?
• 2:36
  No could be 1 you know, firing Ross, which we hope that happens
• 2:40
  and the next one which is the big one is about crypto
• 2:43
  accounting policy or SAB 121. So the potential executive order
• 2:48
  would reverse staff accounting bulletins SAB 121 and SEC
• 2:53
  guideline that requires certain financial to list even the
• 2:56
  crypto assets they hold on behalf of customers as
• 2:59
  liabilities. Crypto proponents or Bitcoin
• 3:02
  proponents say the guideline blocks financial institutions
• 3:04
  ability to enter the digital asset arena because treating
• 3:08
  custodial assets and liabilities could misrepresent the companies
• 3:12
  financial health. Now of course, if he does do
• 3:16
  this executive order repeal Saab 121, then capital is going to
• 3:20
  flow into Bitcoin obviously because a lot of people are
• 3:24
  going to be able to hold Bitcoin.
• 3:25
  And remember what sailors been saying for a long time that the
• 3:28
  three things needed to take Bitcoin to 5 million is of
• 3:30
  course ETFs fasby rule change and banks custody and Bitcoin.
• 3:35
  So if this does get taken out, it's going to be huge for the
• 3:38
  Bitcoin industry. Obviously, we we always
• 3:40
  recommend you take Bitcoin personally into custody and you
• 3:43
  don't leave Bitcoin with banks because you don't want to get
• 3:45
  rug pulled. Now adding a a little extra on
• 3:48
  top of this Reuters just dropped this article this morning saying
• 3:51
  Trump's new SEC leadership poised to kick start crypto
• 3:54
  overhaul. And so not only are we seeing
• 3:57
  that Trump is going to potentially push through a
• 4:00
  couple of executive orders, we're seeing that the new SEC
• 4:04
  again Gary Gensler is going to leave in five days as well is
• 4:07
  going to be very pro crypto or rather pro Bitcoin.
• 4:10
  We we all know when they say crypto, they mean Bitcoin.
• 4:12
  So reading into this Reuters article a little bit, we got.
• 4:16
  Top Republican officials at the SEC are poised to begin
• 4:19
  overhauling the agencies cryptocurrency policies
• 4:22
  potentially as early as next week when president-elect Donald
• 4:25
  Trump takes power, said three people briefed on the matter.
• 4:28
  Among the measures Commissioners Hester Pierce and mark Uleda
• 4:31
  Ulita are way are weighing or initiating the process that
• 4:36
  would ultimately lead to guidance or rules clarifying
• 4:39
  when the agency considers a cryptocurrency to be a security
• 4:43
  and reviewing some crypto enforcement cases pending in the
• 4:46
  courts to the people said. Of course, Paul Atkins, the new
• 4:50
  SEC chair and he's pro Bitcoin, is widely expected to end a
• 4:54
  crypto crackdown led by President Biden's Democratic SEC
• 4:58
  Chair Gary Gensler, but it is unclear when the Senate will
• 5:01
  confirm him. And of course, as of next week,
• 5:04
  Pierce and Alita will hold the majority among the agency's
• 5:07
  politically appointed commissioners and are poised to
• 5:09
  get the ball rolling in the interim.
• 5:12
  So we're seeing guys, I know a lot of people are saying, and
• 5:16
  I'm sure you guys are saying it in the chat as as I'm speaking,
• 5:20
  oh, you know, we don't need Trump for Bitcoin to win.
• 5:23
  Bitcoin was winning before Trump.
• 5:25
  But we're seeing a very interesting developments happen
• 5:29
  because as we all know, Big America is the biggest financial
• 5:33
  capital in the world. And if they embrace Bitcoin, if
• 5:35
  they kick back all of these regulations, they repeal Saab
• 5:38
  121, they allow it, you know, to streamline the ability to
• 5:43
  custody Bitcoin, they stop Operation Choke .2 point O.
• 5:48
  All of these things are very favorable wins in regards to
• 5:52
  Bitcoin absolutely taking over. And this article even mentions
• 5:57
  Operation Choke .2 point O coming out of Reuters.
• 5:59
  So 2024 was a huge year of exposing Operation Choke .2
• 6:03
  point OI think 2025 is going to be a great year for us
• 6:06
  bitcoiners, Bitcoin businesses, of course, for the price,
• 6:09
  etcetera. And I think even on the adoption
• 6:12
  level, the fact that we're going to get these quote, UN quote
• 6:15
  institutions, you know, that the the smart people in the room
• 6:17
  embrace in Bitcoin, then we're going to see that the mind share
• 6:22
  around actually holding Bitcoin is going to change.
• 6:25
  And even though we're seeing a lot of FUD come out in regards
• 6:28
  and actually we're going to cover in the culture FUD coming
• 6:31
  out from bankers etcetera, saying, oh, you know, Bitcoin is
• 6:34
  nothing, it's a Ponzi, etcetera. We're seeing that behind the
• 6:39
  scenes. They're actively working to try
• 6:42
  to custody your Bitcoin. We saw this happen across the
• 6:45
  pond in Italy. We covered that this week.
• 6:47
  So we're seeing, hey, love him or hate Trump, when he gets into
• 6:52
  office in five days, on Monday, we're going to see, I think some
• 6:56
  fireworks. What will these executive orders
• 6:59
  be on day one? I don't know.
• 7:01
  We really don't know yet. But if he does repeal SAB 121,
• 7:04
  and of course, if he puts an executive order to free Ross, I
• 7:08
  would say these are some huge wins for Bitcoin.
• 7:10
  And I think 2025 is going to be just a great year.
• 7:13
  And we're going to see other countries start to follow.
• 7:15
  So the game theory is playing out right now where whatever the
• 7:18
  US does, other countries will follow.
• 7:21
  And also, let's not forget the rumors we've been hearing going
• 7:24
  around Bitcoin Twitter and Bitcoin circles about
• 7:27
  essentially other countries are just waiting for Trump to get
• 7:30
  into office to announce their own strategic Bitcoin reserves.
• 7:33
  I think we all have kind of fatigue right now with all these
• 7:35
  announcements of every new country doing a strategic
• 7:39
  Bitcoin reserve. I think we're at what, Nico 25
• 7:41
  now or something like that. None of them have really been
• 7:44
  fruitful yet, but they may be just potentially waiting for
• 7:48
  Trump president-elect to get into office and then we'll start
• 7:52
  to see some fireworks. But I'm very hopeful, actually
• 7:55
  cautiously optimistic here, Nico, on seeing some favorable
• 7:58
  jurisdictional arbitrage in America, some favorable
• 8:02
  regulations in America. Literally, I, I've been saying
• 8:05
  for a while, as long as they kind of get out of our way and
• 8:09
  don't add more obstacles for us to adopt Bitcoin, for us to
• 8:12
  basically take over Tradfi, then I think this is going to be a
• 8:16
  huge win considering the last four years we've been fighting
• 8:19
  for our lives. You know, the, the chip Biden
• 8:21
  administration does everything in the power to stop the
• 8:24
  adoption of Bitcoin. We all know Gary Gensler, we
• 8:26
  played that clip yesterday. He should be a Bitcoin maxi.
• 8:30
  But you know, shouts out to Gary Ginzer on on one more point.
• 8:33
  Maybe he is a silver lining and just proving how incompetent the
• 8:37
  SEC is. So we'll see what happens when a
• 8:40
  pro crypto quote SEC administration gets in and what
• 8:46
  what what President Trump does when he gets in and this new
• 8:49
  regulation. So will we see these executive
• 8:52
  orders day one? We're still speculating, but it
• 8:54
  seems to be high on their priority list.
• 8:56
  And man, I think next week, might we, you might be seeing
• 8:59
  some fireworks. So anyways, Nico, you're the
• 9:02
  reigning politician here on Simply Bitcoin.
• 9:05
  So what's your thoughts on this Trump stuff?
• 9:08
  And are you cautiously optimistic?
• 9:10
  Are you bullish on the Trump administration?
• 9:14
  Yeah, I mean, we've been talking about this for, you know, like a
• 9:17
  year now, basically, you know, we, we, we, we, we were covering
• 9:22
  diligently what was happening with Operation Choke .2 Point O
• 9:25
  and how the Biden administration was essentially setting up the
• 9:29
  industry to fail or, and, and my theory behind that is to an
• 9:33
  attempt to create a no competition for an incoming
• 9:39
  central bank digital currency. There was actually a bill that
• 9:42
  was introduced in the House where essentially the the
• 9:45
  Republicans introduced a bill that would ban the federal
• 9:48
  government from rolling out its central bank digital currency.
• 9:50
  And essentially the vote went along party lines.
• 9:54
  The vast majority of the Republican Party voted for a
• 9:57
  bill to ban CBDCS, and the vast majority of the Democratic Party
• 10:02
  voted against the bill to ban CBDCS, right?
• 10:05
  So that was quite interesting to me.
• 10:07
  And then you had different news coming out of states like Ron
• 10:10
  DeSantis in Florida that the state of Florida would
• 10:13
  essentially ban CBDCS all together.
• 10:16
  And of course, that created an opportunity for the Republicans
• 10:20
  to capitalize on getting that voter base of people that own
• 10:25
  Bitcoin and crypto. So I think Trump did that very
• 10:28
  successfully. But it I think it's more than
• 10:31
  that. And the reason I'm saying it's
• 10:33
  more than that is because this is all about aligned incentives.
• 10:37
  So we saw Eric Trump epic speech at Bitcoin Mina.
• 10:41
  Of course, we saw Donald Trump at the Bitcoin 2024 conference
• 10:45
  in Nashville. And you know, they all wanted to
• 10:50
  like they were just basically saying like, look, if you vote
• 10:52
  for me, number will go up. I'll get Elizabeth Warren off
• 10:55
  your back. But I think the thing that is
• 10:58
  the most fascinating to me is, and I always talk about aligned
• 11:02
  incentives, like if you want a long term business relationship
• 11:05
  with somebody or a long term relationship with anybody, if
• 11:10
  the incentives align, it's going to work out.
• 11:12
  If the the incentives are misaligned, eventually that
• 11:16
  relationship or that situation is is going to is not going to
• 11:20
  work out because you have two people working against each
• 11:23
  other. And the beauty of Bitcoin is
• 11:25
  that it's an aligned incentive structure system, meaning
• 11:28
  everybody wins, right? So the hodlers of Bitcoin become
• 11:32
  evangelists because they want other people to adopt Bitcoin.
• 11:35
  The Bitcoin node operators, they run nodes because they don't
• 11:38
  want to trust anyone else's nodes.
• 11:40
  That secures the network and the Bitcoin miners are pursuing
• 11:43
  profit. And because they're pursuing
• 11:45
  profit, you know, there's more hash rate going online, more
• 11:49
  hash rate going online. You know, the higher the hash
• 11:51
  rate theoretically, the higher, the harder it is to to
• 11:55
  computationally attack Bitcoin and theoretically the higher the
• 11:59
  value proposition. So you have this beautiful
• 12:01
  aligned incentive structure system versus the Fiat system,
• 12:05
  which is a misaligned incentive structure system.
• 12:08
  Now I actually have a clip for you guys of David Bailey.
• 12:12
  I'm glad you brought that up. I because while you were
• 12:14
  talking, I'm like, Oh yeah, yeah, we could play that
• 12:16
  perfectly, yeah. So I actually have a clip for
• 12:18
  you guys from David Bailey, and it was actually me, Alan and
• 12:23
  David Bailey on the stage at Michael Saylor's house at the
• 12:27
  100K party. And David Bailey obviously has
• 12:31
  some insight into the Trump campaign because it was him and
• 12:35
  Bitcoin Magazine that were able to get Donald Trump at the
• 12:38
  Bitcoin conference, which is an an enormous achievement, I might
• 12:42
  add, right? So kudos to them.
• 12:44
  But he said something quite interesting in regards to Trump
• 12:48
  potentially owning Bitcoin. So I'm going to play the clip.
• 12:52
  You know, Trump told me before all of this went down that, you
• 12:57
  know, he owns a significant amount of Bitcoin.
• 12:59
  I'm not going to disclose the number that he told me, but you
• 13:03
  know, he doesn't manage his money himself directly, but that
• 13:07
  he had a significant position even at that time.
• 13:10
  And the price of Bitcoin's gone up a lot since.
• 13:12
  So you know, you're right. It's all it's all about creating
• 13:16
  alignment. It's all about creating
• 13:17
  alignment. And you know, what's Bitcoin
• 13:22
  changes the dynamic where you know what's good for Bitcoin is
• 13:26
  good for all of us and what's good for Bitcoin is the
• 13:30
  fundamental ideas of freedom. So it's like.
• 13:34
  So when David Bailey said you're right, you're creating
• 13:37
  alignment, that was me basically saying that giving you guys,
• 13:40
  giving him the same pitch that I'm giving you guys live here on
• 13:43
  Simply Bitcoin Today, right? About alignment, right?
• 13:46
  If the president holds, to use David Bailey's own words, a lot
• 13:50
  of Bitcoin, do you think he's going to act against his bags?
• 13:55
  And then I know what a lot of people are saying, like Nico,
• 13:57
  that's immoral. Like what?
• 13:58
  Whatever. Again, how is it immoral?
• 14:01
  It's an aligned incentive structure system.
• 14:03
  It's like when you hear Max Kaiser say that Larry Fink or
• 14:06
  Michael Saylor are bitcoins best employees of the month, right?
• 14:11
  Like they're acting out of their own self-interest.
• 14:14
  So what does it matter if it's the president acting out of his
• 14:16
  own self-interest? If you own Bitcoin number go up,
• 14:18
  everyone wins, right? So, yeah, I mean, I'm extremely
• 14:22
  bullish about this incoming administration.
• 14:26
  You know, it's, it's coming up in five days.
• 14:28
  We're going to have the first pro Bitcoin president, which is
• 14:31
  going to be absolutely insane, absolutely massive.
• 14:35
  And I'm, I'm really, really excited for it.
• 14:38
  Let's see what 2025 is going to bring.
• 14:41
  So far. We're 15 days into the year and
• 14:45
  we've been essentially chopping sideways.
• 14:47
  It's been quite boring, but we still have 11 1/2 months to go.
• 14:52
  And I actually was looking at the price of Bitcoin in early
• 14:55
  2017 and we were actually at like 900 bucks or like $1000.
• 15:02
  And we all know how that year ended.
• 15:04
  We ended at $20,000 in December. But Bitcoin essentially like
• 15:11
  went sideways for many, many months, right?
• 15:14
  So again, like the thing about Bitcoin is like if you've been
• 15:19
  in this industry for a long time, the majority of the time
• 15:22
  it's waiting, like you're just waiting on the sidelines.
• 15:26
  It's kind of boring. Sometimes it's going down and
• 15:29
  you feel terrible, but you have these like two or three months,
• 15:33
  you know out of every cycle that you know, it reminds you of why
• 15:38
  you are here and why you are doing the things that you are
• 15:40
  doing. So if history content like if
• 15:45
  the pattern continues, that should be the case this year as
• 15:49
  well. Of course, no one knows the
• 15:51
  future, but I can tell you institutional adoption with
• 15:54
  Larry Fink, BlackRock Nation potential nation state adoption.
• 15:58
  And then last but not least, of course, you have you have Nambo,
• 16:04
  Kelly and El Salvador really pushing that forward.
• 16:07
  Anyways guys, before we start the show, wait Nico.
• 16:09
  Wait, wait, wait, wait, wait, wait, wait, wait.
• 16:10
  We can't gloss over the fact that I just think I heard Niko
• 16:13
  say something extremely bullish here going back to the 2017 run
• 16:18
  up, if it was around $900 in January, Bitcoin's at around 90K
• 16:26
  right now, maybe 2 million, maybe 2 million.
• 16:29
  That's. Nico getting bullish.
• 16:31
  So that's what Odell was saying, and I actually saw Joe Burnett
• 16:34
  tweeting about it this morning. But a lot of people are
• 16:38
  theorizing, including Matt Odell, including Joe Burnett.
• 16:41
  They're theorizing that this cycle reminds them of the 2016
• 16:44
  cycle, 20/16/2017. And if you actually look at the
• 16:49
  returns for Bitcoin in 2016, they were like roughly like 140%
• 16:55
  or something like that, very similar to the returns that we
• 16:58
  got in 2024. And then you had this massive
• 17:01
  year in 2017, 2025. And I think a lot of people like
• 17:06
  have forgotten what a true bull market feels like because we
• 17:10
  haven't experienced 1 since 2017.
• 17:13
  Like 2021 was cut short because of the China mining ban.
• 17:17
  A lot of people say it's because of Celsius and all that.
• 17:18
  I really believe it's the mining ban was the primary reason.
• 17:22
  But yeah, I'm super excited, You know, great.
• 17:26
  This was a huge election that we needed to win as an industry.
• 17:30
  And I think we're going to get rewarded for it.
• 17:32
  And I think Ross is going to be free in, you know, in less than
• 17:36
  a month or or this in this in in the next 30 days, which is
• 17:40
  extremely exciting. Anyways guys, before we start
• 17:42
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• 21:49
  like it be and you spent all this time stacking Bitcoin and
• 21:52
  you're very responsible that that would that'd be terrible,
• 21:55
  right? So highly recommend stamp seed.
• 21:57
  That's literally why they're for.
• 21:58
  That's why we recommend them head over to stampse-ed.com
• 22:02
  today and use promo code simply to get 15% off anything on the
• 22:06
  store. Let's go.
• 22:08
  All right, guys. Hey, before we get going, make
• 22:11
  sure you smash the like button. There's about 1500 of you guys
• 22:13
  watching on all of our platforms.
• 22:15
  Help push us in the algos so more people get the signal, so
• 22:18
  more people start stacking Bitcoin.
• 22:20
  I want to hit 100. We're almost at 500 live years
• 22:22
  on YouTube alone. I want to hit 150 likes within
• 22:26
  the 1st 30 minutes of the show. So if you guys are enjoying the
• 22:28
  show, make sure to smash that like button.
• 22:32
  All right guys, we're over here on Clark Woody's dashboard and
• 22:34
  hey look at this guys. Bitcoin is not dead.
• 22:38
  It's it's actually rebounding. It's almost close to 100K.
• 22:41
  The current Bitcoin price is 99,000 and 40 dollars 99040 and
• 22:47
  the stats per dollar AKA how much Bitcoin you can buy for a
• 22:50
  single dollar AKA how much the dollar is worth in Bitcoin is
• 22:52
  currently at 1010 SAT's per dollar.
• 22:56
  The block height is currently 879,388 and the market cap in
• 23:01
  Fiat terms, it's getting closer to that 22 trillion we're at
• 23:05
  1.96 trillion. The Bitcoin versus gold market
• 23:08
  cap is at 10.5% and the money supply, the total percentage of
• 23:12
  Bitcoin that will ever be issued is currently at 94.33%, roughly
• 23:16
  about 19.81 million Bitcoin circulating.
• 23:20
  So you might want to get some just in case it catches on.
• 23:22
  It looks like 2025 might be the year it catches on Nico.
• 23:25
  Anyways, moving forward, got a clip here.
• 23:28
  Vanex Matthew Siegel, He's. Going.
• 23:31
  Hard and honestly, when you listen to this on paper and you
• 23:35
  kind of see this prediction, you know, $3,000,000 Bitcoin price
• 23:38
  target, you kind of look into the math.
• 23:40
  I would argue this is an extremely, extremely
• 23:44
  conservative take on the price of Bitcoin, where it's going,
• 23:48
  who's going to adopt Bitcoin. And I think this is kind of like
• 23:52
  a, a tale of where we are in this Bitcoin cycle right now.
• 23:56
  It's no longer just retail pushing the market.
• 23:58
  Remember, we've been constantly covering the story.
• 24:01
  Who is exactly in the market? Who are these buyers?
• 24:04
  Who is the one that's pushing the Bitcoin market?
• 24:06
  Or rather, on the flip side, who's the one suppressing the
• 24:08
  Bitcoin market because they all want to get a position in
• 24:11
  Bitcoin? Well, it's looking like we have
• 24:13
  actually entered a new era. So let's get the short clip from
• 24:17
  Vanek's Matthew Siegel, and then let's talk about it.
• 24:21
  We have a model that assumes that by 2050, this is very long
• 24:25
  term, that Bitcoin becomes a reserve asset that's used in
• 24:29
  global trade and held by global central banks at a very modest
• 24:33
  2% weight. And in that model we arrive at a
• 24:37
  $3,000,000 price target for Bitcoin.
• 24:39
  Now that sounds, you know, extreme, but that's a 16%
• 24:43
  compound annual growth rate for a couple decades.
• 24:45
  You know that that's not really that extreme.
• 24:47
  So into the million. You know, first of all, I love
• 24:55
  the concert. Like us bitcoiners like 3
• 24:57
  million. That's a conservative bet on
• 24:59
  Bitcoin. Hold on, hold on, what's the
• 25:02
  time frame here? He said 20. 50, he said by
• 25:05
  twenty $53 million Bitcoin. That's bearish.
• 25:09
  Bro super bearish. And that's the numbers that
• 25:10
  we're talking about here. When you when you.
• 25:13
  Obviously, but when you kind of get his numbers right there in
• 25:16
  that club years, bro. 25. Yeah, exactly what sailors in
• 25:20
  2040? Wait, no, what's so his?
• 25:23
  His 21 year prediction that was for 2020, that was for 2024.
• 25:28
  So it would be his twenty year prediction now.
• 25:32
  Yeah. So his twenty year prediction
• 25:34
  from now from this year is $13 million per coin base case,
• 25:40
  $3,000,000 per coin bear case and $49 million per coin bull
• 25:46
  case. So yeah, I mean, and what were
• 25:50
  the? What were the cagers?
• 25:51
  You know, the year over year profits?
• 25:52
  I think he was doing like 26 or was it 40?
• 25:55
  I think there was two he makes. The case that in the in the next
• 25:59
  10 years it's gonna be between 40 to 30% compound growth and
• 26:04
  then it's gonna slow down to between 30 to 20% and then it's
• 26:09
  gonna hover around the 20%. So he makes the case that it's
• 26:12
  always gonna out compete the S&P, but of course it's going to
• 26:16
  start to tail off around like, you know, the 20%.
• 26:19
  But I mean like 20% is nuts, dude.
• 26:22
  You know, a good return in the stock market is like 10%, right?
• 26:28
  So and then you have to factor in inflation, right?
• 26:30
  This is the racket. The racket is that like it's
• 26:35
  like great, you get an 8% or 10% return, you put in $1,000,000 or
• 26:40
  you put in 100,000. You let's say, let's let's say
• 26:42
  you put in 100,000, you put in 100,000, you make $10,000 return
• 26:45
  your money kind of works for you.
• 26:47
  The problem is that like once you incorporate the money tax,
• 26:52
  which is inflation, like, you know, he cut that number like
• 26:57
  it's it's gone essentially because like, fine, their
• 27:01
  official rate is 3%, but I think things are getting much more
• 27:04
  expensive than 3% on a yearly basis.
• 27:07
  Like that's the official exchange official inflation
• 27:10
  rate. But they're always changing the
• 27:12
  metrics to like, you know, like make it seem like you're not
• 27:17
  losing that much purchasing power.
• 27:19
  But yeah, I mean, it's it's a total sham anyways.
• 27:22
  Opti, yeah. So I just did a quick, quick
• 27:26
  search here. Bitcoins worst year over year
• 27:30
  performance or kegger is 24%. So and that was 2023.
• 27:36
  We're currently at like a 50% kegger.
• 27:39
  So could you define? Kegger for anyone I forget.
• 27:42
  What it stands for, but it's basically year over year Oh,
• 27:45
  here we go Kegger is often wait, wait, wait, wait.
• 27:48
  What does it sound for compound annual growth rate.
• 27:50
  That's what that's what the the acronym is so compound annual
• 27:55
  growth rate, how much it grows every year.
• 27:58
  We the worst is 24%. We're currently around 50%
• 28:02
  sailors cases you know what 40 to 20% ish and the VANEX Matthew
• 28:09
  Siegel is saying 16%. So even on these time frames, if
• 28:15
  you think 100K Bitcoin is expensive, then you really can't
• 28:19
  think far off into the future because Bitcoin even
• 28:23
  historically on its worst days are doing better than 16%.
• 28:28
  So $3,000,000 in what you know what, what's 25 years?
• 28:34
  I think that is super bearish and it's a super conservative
• 28:37
  take on where Bitcoin is going, especially when you kind of
• 28:40
  consider the the hopium we've been smoking earlier on the show
• 28:43
  about, you know, maybe this is a 20/16/2017 type cycle. 900K or
• 28:50
  sorry, $900 Bitcoin to 20 K Bitcoin would be essentially
• 28:54
  A90K Bitcoin going to $2,000,000 Bitcoin.
• 28:58
  I don't know. All I'm hearing here is just
• 29:01
  it's going up forever and you know, sailors bullish prediction
• 29:04
  here. I forget what it was.
• 29:05
  What'd you say, 49,000,042 million or something like that?
• 29:08
  The bull? Case would be 49 million, the
• 29:11
  base case would be 13 million, and then the bear, the bear case
• 29:14
  would be 3,000,000. Yeah.
• 29:17
  So I don't know, man, I'm, I'm still kind of talking to a lot
• 29:22
  of friends and, you know, family and they're, they're all kind of
• 29:26
  trying to wrap their head around how high Bitcoin can go.
• 29:29
  And I think we're at that moment right now where a lot of people
• 29:32
  are looking at Bitcoin. They think 100K is expensive.
• 29:36
  You know, us Bitcoiners are already thinking like $1,000,000
• 29:39
  Bitcoin is priced in. And actually I was, I was
• 29:42
  talking to Luke this morning and we were kind of joking that
• 29:46
  $1,000,000 Bitcoin is the new 100, the K Bitcoin that we were
• 29:49
  talking about in 27. Dude, it's, it's 10XI mean like,
• 29:54
  which is a lot guys. So 10X is incredible.
• 29:57
  Like the 10X return is unheard of.
• 30:01
  But you know, like, like it, it's in Bitcoin terms because
• 30:07
  we're very spoiled. You know, like we're like 100 X
• 30:10
  bro 100XI mean. So I, I, I still think Bitcoin
• 30:14
  has 100X in it minimum. I, I think it's gonna take time,
• 30:18
  obviously, but you know, whatever your net worth is in
• 30:22
  Bitcoin right now, multiply it by 100 and then like take that
• 30:26
  out over a 20 year time scale. I think that's totally possible.
• 30:30
  And that's a life changing opportunity for, for a lot of
• 30:33
  people, right. So $1000 it's $100,000 a
• 30:37
  $100,000. I mean, yeah, like 100,000.
• 30:39
  What is that 10 million, 100,000 * 100?
• 30:43
  Yeah, it's 10 million. So yeah, I mean, it's it's it's
• 30:47
  absolutely, absolutely insane in my opinion.
• 30:50
  And and also. Let's let me let me pull up the
• 30:53
  US debt clock just cuz I love bringing this up.
• 30:56
  We're talking about the debt clock anyway before before we
• 30:58
  before we pull that up guys, if you guys are enjoying, we're
• 31:01
  almost at 600 live viewers on YouTube.
• 31:03
  Today's show is good. It's cuz Opti started it strong.
• 31:06
  I don't know about. All that.
• 31:07
  Oh yeah, it's the headline. It's the headline match the.
• 31:09
  Like Button, we're at 133 likes. Help us break 200 likes within
• 31:14
  in the first hour of the show. So you guys are listening to
• 31:17
  simply Bitcoin live smash the like button.
• 31:20
  If you guys are enjoying the show on YouTube rumble or XI
• 31:23
  also see stamp seed in the chat Guys go to stampse-ed.com today
• 31:28
  use promo code simply don't write down your paper.
• 31:31
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• 31:32
  Paper sucks. Stamp it.
• 31:34
  Talking to you OK, the reason, all right, The the reason I
• 31:37
  wanted to bring up the US debt clock is because.
• 31:41
  Are you done Stamp seeds coming on the show Friday bro.
• 31:46
  I'm excited anyways, OK. The reason I wanted to bring up
• 31:49
  the US debt clock, I, I, I never miss an opportunity to bring
• 31:52
  this up because the numbers are absolutely crazy.
• 31:54
  And every time we talk about, you know, savings, obviously
• 31:58
  people want to be millionaires and everyone shoots for the
• 32:01
  moon. But when you kind of think on
• 32:02
  average, you know, savings per family is 9.5 K and remember the
• 32:10
  statistics of most people don't even have $400 to pay for an
• 32:14
  emergency bill. At least that's what the
• 32:16
  headlines are. So hey, I think any amount of
• 32:19
  Bitcoin that you're holding today, if you can save it for
• 32:22
  the long term or you 100 X at. You're going to.
• 32:26
  Be in a better position than the most people right now,
• 32:28
  especially with the asymmetric knowledge of understanding
• 32:31
  Bitcoin before they do, you know #frant, run nation states #frant
• 32:36
  Wren, Larry Fink, hashtag, you know, Frant Wren, President
• 32:40
  trump #frant Wren, everyone, you're way ahead of the game.
• 32:43
  And I think so many of us underestimate how little Bitcoin
• 32:47
  we probably need to, you know, live a good life in the future.
• 32:51
  I'm reminded of our boy. You know 32 sets is generational
• 32:55
  wealth here. So you're not.
• 32:57
  Bullish enough anyways, anyways, I'm I'm feeling kind of bullish
• 33:01
  today, Nico, but let's let's move it to the the news because
• 33:04
  we do have an update on the Bank of England and the CBD CS.
• 33:09
  This is This is why we do what we do is to fight against this
• 33:13
  nonsense. All right, let's go.
• 33:15
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  Scan the QR code or check the video, the link in the video
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  description. All right, everybody, up to you.
• 35:35
  What are we talking about today? Yeah, yeah.
• 35:36
  Yeah, sorry, I'm I I was doing my modeling gig.
• 35:39
  I'm not I'm not so, so used to doing both at the same time.
• 35:42
  All right guys. So of course this is a Bitcoin
• 35:45
  show, but at as we cover Bitcoin, we also cover the
• 35:49
  developments coming out of the central banks and we've been
• 35:54
  covering this has been a long theme on simply Bitcoin.
• 35:57
  Actually, Nico, should we what's that website pull it up for
• 36:00
  after I get done with this with the central bank tracker website
• 36:04
  so we can keep track of everything.
• 36:06
  But as we're seeing Bitcoin start to proliferate and get
• 36:10
  adoption and we see people fighting Bitcoin, we're seeing
• 36:13
  that the powers that be are still continuing to push a
• 36:17
  central bank digital currency. And so here we go, the digital #
• 36:22
  foundation. Absolutely incredible that this
• 36:24
  is even a thing. An independent forum supporting
• 36:27
  the implementation of a well designed digital #.
• 36:30
  Could you? Could you zoom in a little bit
• 36:32
  on the? So here's their tweet.
• 36:36
  I do have, you know, their actual proposal.
• 36:38
  So let's just break down their framing.
• 36:41
  And then I there is one interesting note in their actual
• 36:45
  proposal that I find interesting.
• 36:47
  We've we've actually debunked this in the past and though I
• 36:49
  have a good Twitter kind of breaking down everything.
• 36:51
  So here we go. Breaking.
• 36:52
  The Bank of England has published their plans for the
• 36:54
  design phase of a digital # CBDC.
• 36:57
  The Design Note outlines 4 new work streams, the Blueprint, a
• 37:01
  proof of concept and experimentation, national
• 37:03
  conversation and assessment. While no decision has been made
• 37:07
  regarding the implementation of a digital #, these explorations
• 37:11
  will play a critical role in determining whether to move
• 37:13
  forward with a CBDC. We at the digital # Foundation
• 37:17
  are pleased to see the Bank's continued progress in exploring
• 37:21
  the potential of a CBDC in the UK.
• 37:23
  We look forward to aligning our efforts with these work streams
• 37:26
  and contributing to discussions on key topics, development
• 37:30
  activities, and the evolving commercial and regulatory
• 37:33
  landscape. Our goal is to provide valuable
• 37:36
  input, drawing on that diverse expertise and capabilities of
• 37:39
  our member organizations. And then it says if you want to
• 37:42
  get involved, you get involved. Anyways, going to this proposal,
• 37:48
  I'm over here on the bankofengland.co.uk.
• 37:50
  You can see design note from the Bank of England blueprint
• 37:54
  framework, an outline of the Bank's initial thinking on the
• 37:57
  potential aim, scope and focus areas of a digital # blueprint.
• 38:02
  Now, I'm not going to read this whole thing, but while I was
• 38:04
  looking through this, there was an interesting, interesting
• 38:08
  segment here. You know, it's explaining what
• 38:10
  is a digital #, why are we doing this?
• 38:12
  What is the blueprint for this framework?
• 38:14
  And then you find this little, this little nugget in here,
• 38:18
  product vision and strategy. The consultation paper set out
• 38:22
  two primary motivations for a digital # sustaining access to
• 38:26
  central bank money as the anchor of monetary and financial
• 38:29
  stability and promoting innovation, choice and
• 38:32
  efficiency in payments. It's always back to the
• 38:35
  payments. Blows my mind.
• 38:36
  Anyway, the part that I found interesting is this next part.
• 38:39
  Based on these motivations, we have developed these into long
• 38:42
  term aspirations that frame our product vision, Central bank
• 38:46
  money as a publicly provided good.
• 38:49
  We would like the general public to be aware of the digital pound
• 38:52
  and trusted to be available to them, reliable and secure, just
• 38:56
  like they are with cash. And users of the digital pound
• 38:59
  would be able to move their money with ease.
• 39:01
  Between the digital pound, cash, commercial bank money and other
• 39:06
  new forms of digital money. The digital pound would
• 39:09
  complement the use of cash and uphold the broader public policy
• 39:12
  objectives set out by the Bank and HM Treasury.
• 39:15
  Again, the next part is about retail payments.
• 39:18
  We, I, I'm sick of talking about CBDC as a, as a, as a way for
• 39:22
  retail payments. OK, so shouts out to I forget
• 39:25
  who tagged me on this on Twitter, but they did highlight
• 39:29
  this and noted this. Good breakdown here from Freddie
• 39:32
  New on Twitter, and so he goes. There's so much to unpack in
• 39:36
  today's update on the UKCBDC, both good and bad.
• 39:40
  As we previously predicted, ACBDC can't be created without
• 39:44
  Parliament's approval. This crucially gives the UK
• 39:47
  voters a bargaining chip. We all need to make clear to our
• 39:49
  MPs that we don't want these monstrosities in our country and
• 39:52
  that my MP who votes in favor of a CBDC will be punished at the
• 39:56
  ballot box. Again, we kind of do this in
• 39:58
  America when they, you know, attack Bitcoin.
• 40:01
  Now, we should probably do the same thing for anyone embracing
• 40:04
  a CBDC. Next, CBDC's won't be like an
• 40:07
  electronic version of the banknotes issued by the Bank of
• 40:09
  England. They would be programmable and
• 40:11
  would absolutely allow governments to monitor and
• 40:13
  control your spending. This is unacceptable in the free
• 40:16
  society. It's good news that even, quote,
• 40:19
  a decision won't be made until 2027, if that's what they're
• 40:22
  telling us now. And the timetable will likely
• 40:24
  slip to at least 2029. Remember, you know. 20-30
• 40:28
  agenda. It's all kind of aligning in a
• 40:30
  similar motion. Even think of maybe a Hegelian
• 40:33
  dialectic here. Anyway, they pretend that users
• 40:38
  privacy would be protected. This is of course utterly false.
• 40:41
  See the admission in the second image below.
• 40:43
  The Bank of England's own report produced with MIT undermines
• 40:47
  this assertion completely. A digital pound will give the
• 40:49
  Bank and the government effectively total control over
• 40:52
  your money you're spending, and by extension over you.
• 40:55
  If you don't like the sound of that the generally the fight and
• 40:58
  fight fighting back and now what is he talking about here?
• 41:00
  Well, look you know the central Bank of England talking about
• 41:03
  CBDC dropped this report that the Bank of England study
• 41:06
  suggests digital pound would be less private than cash report
• 41:10
  conducted with MIT says cryptographic techniques would
• 41:13
  not guarantee privacy. Now of course a a CBDC in
• 41:18
  general, I find it hilarious that they still are using the
• 41:21
  angle and the framing of oh this is you know for your benefit.
• 41:26
  This is so that you can have ease of retail payments as
• 41:29
  technology is increasing. This is the main thing we are
• 41:32
  concerned about is whether you can make payments, retail
• 41:35
  payments easier versus the fact that all we really want is the
• 41:39
  money that cannot be debased, something that they cannot print
• 41:42
  more of, something that they cannot continuously create to go
• 41:46
  to war for, cannot rob from the masses.
• 41:49
  This is the main idea here with Bitcoin is having AI mean.
• 41:54
  Maybe this is a strong word, but I think Kaiser said it 1.
• 41:57
  You know, a perfect store of value that is also a medium of
• 42:00
  exchange and unit of account. And so, you know, we've been
• 42:04
  covering this all of last year. And Nika, did you pull up the
• 42:07
  CBDC tracker? Yeah, here we go.
• 42:09
  And we've been, we've been tracking this and, you know,
• 42:13
  Christy Lagarde's been coming out here and saying, oh, this is
• 42:15
  for your protection. We need to make sure that
• 42:19
  technology is competing and innovating for digital payments.
• 42:23
  And this is all a response because people want Bitcoin.
• 42:27
  People want something that they can't control.
• 42:29
  And so they're doing whatever they can to gaslight us, the
• 42:33
  population, into a programmable money that they can control, AKA
• 42:39
  a CBDC. Remember, they rebranded the
• 42:41
  CBDC to the digital pound. Here we are guys.
• 42:45
  This is how you know that these people in power, especially the
• 42:49
  central bankers, are not naive. They know what time it is and
• 42:53
  they're going to continue to rebrand this so that people fall
• 42:56
  into the trap of a totally controlled money.
• 43:00
  And, and actually we have a, we have a guy in Rumble, Nico and
• 43:02
  I, I don't think you, you've been checking it out too much,
• 43:06
  but he's a huge cash guy. And he's saying, you know, that
• 43:10
  Bitcoin's going to be completely controlled and that we're
• 43:12
  ushering in our own gilded chain because, you know, they want us
• 43:16
  to go cashless. And it's like, yeah, that's
• 43:19
  where the trend is going. But they can't control Bitcoin.
• 43:22
  They can try to track and bag us, but if everyone's using
• 43:26
  Bitcoin, they can't even control their own system.
• 43:29
  How they going to control our system?
• 43:31
  Anyways, Nico, you go in. What's your thoughts on the CBD
• 43:35
  or Bank of England continuing down the digital # path?
• 43:39
  Yeah, I mean, dude, like so it doesn't like it's, it's
• 43:45
  something that was tried here in the US, much less successful.
• 43:51
  It's something that clearly as the map is, is like if you guys
• 43:55
  are listening to the audio version, it's a map of the world
• 43:59
  and essentially almost every country except for Africa,
• 44:02
  Africa, you know, there are some countries in the center of the
• 44:05
  continent that are not looking into it, but most continents,
• 44:10
  including North America, South America, almost all of Asia have
• 44:15
  launched some form of a central bank digital currency or, or
• 44:19
  they're they're in the process of launching a pilot to to
• 44:25
  better say it. So yeah, I mean, I always say it
• 44:29
  like there's two futures ahead of us.
• 44:31
  There's a future of Bitcoin or slavery.
• 44:35
  And when I, when I talk about slavery, I, I really mean
• 44:40
  central bank digital currencies and they're a continuation of,
• 44:45
  of the Fiat system, but with more control.
• 44:49
  And I think it's time to try something new.
• 44:53
  I think it's time to take money out of the hands of government.
• 44:58
  I think as long as government has the ability to create money
• 45:03
  out of thin air, it's not a government by the people for the
• 45:06
  people. It's a government by the
• 45:07
  government for the government. So I think it's time to try
• 45:10
  something new. And that statement that I just
• 45:13
  said that as long as there's a, a central bank and the
• 45:16
  government is able to issue money, it's a government by the,
• 45:18
  by the government for the government.
• 45:20
  Even in Europe or in, in England, where CBD CS are
• 45:27
  extremely unpopular. No one's asking for them like in
• 45:30
  Europe, no one, no one, no one cares.
• 45:32
  They, they change the branding from CBDC to the digital Euro,
• 45:36
  but they don't care. They're just going full steam
• 45:38
  ahead. And remember that all Fiat money
• 45:42
  requires some type of coercive action to get people to use it.
• 45:48
  And that's what Europe is doing. And now that there is a
• 45:52
  competitor to Fiat money Bitcoin and the competitor is
• 45:56
  decentralized, if it stays decentralized and secure, to use
• 45:59
  Jeff Booth's own words, like eventually, you know,
• 46:05
  elementary, I would say the mass majority of people are going to
• 46:08
  use Bitcoin because it's better money, it's better money.
• 46:11
  It's going to allow you to achieve the quality of life that
• 46:13
  you want in a much more efficient manner.
• 46:17
  And like, if you look, if you look at the website priced in
• 46:20
  Bitcoin or something like that, you, you'll see that it, if you
• 46:23
  save and earn in Bitcoin and save in Bitcoin, like you're
• 46:27
  going to, you're going to essentially outperform
• 46:31
  everything, right? Everything, everything around
• 46:34
  you gets consistently cheaper. It's like you're on this
• 46:37
  deflationary financial hack. And you know, governments, we
• 46:44
  all have to remember that governments get a tremendous
• 46:46
  amount of power from being able to issue their own currency.
• 46:50
  They're able to fund themselves and they're able to control
• 46:54
  people, right? Because that's really what it
• 46:56
  is. So, you know, I think we're
• 46:59
  going to go down the route of what was very similar with
• 47:04
  social media, where like social media essentially
• 47:07
  disintermediated the traditional media, which I think we learned
• 47:11
  over the last decade really wasn't media.
• 47:13
  It was more like propaganda. And I think Bitcoin's going to
• 47:18
  go a very similar path. Like it's grass roots starts
• 47:21
  from the bottom up, you know, it gets, it starts getting adopted
• 47:25
  left and right because it's just better money.
• 47:27
  And I think eventually, you know, specifically in some
• 47:32
  countries, they're just going to try to ban it, specifically self
• 47:36
  custody, because self custody is, is the differentiating
• 47:39
  factor. Like if you own Bitcoin and it's
• 47:43
  in a bank account, you know, like, and you just see it on
• 47:48
  your app and you're like, Oh yeah, I have my Bitcoin in your
• 47:50
  whatever. But they just essentially do the
• 47:52
  same thing that they're doing now, like where it's just like
• 47:54
  paper Bitcoin. Nothing really changes.
• 47:56
  But if you get like 10 or 15% of the population where they're
• 48:01
  actively holding Bitcoin in self custody, things are going to
• 48:06
  change radically and I think for the better.
• 48:09
  And honestly, I'm so happy about the incoming administration in
• 48:16
  terms of their stance towards Bitcoin from a regulatory
• 48:19
  perspective because like the United States, it's the world's
• 48:23
  largest economy. It tends to lead the world in
• 48:26
  innovation. And I'm like, now we don't have
• 48:31
  to fight the government anymore in terms of the Bitcoin
• 48:34
  industry. The government no longer wants
• 48:36
  to destroy the Bitcoin industry anymore.
• 48:39
  And make no mistake, as much as they gas lit everyone into
• 48:42
  thinking, no, we're not trying to do that.
• 48:44
  That is 1,000,000% what they were trying to do because they
• 48:48
  want to roll out a CBDC. You can't have Bitcoin in a
• 48:51
  CBDC. Like competing against each
• 48:53
  other. Like people are clearly going to
• 48:56
  pick Bitcoin every single day. Why?
• 48:58
  Because it's, it won't debase and it's censorship resistant
• 49:04
  and CBDC, not only does it, is it going to debase, not only can
• 49:09
  they control it. I heard rumors in China that
• 49:13
  that like they're implementing expiration dates on the money.
• 49:16
  Could you imagine that like you have to spend your money by a
• 49:20
  certain time because if not, it expires, right?
• 49:22
  There's no other place to store your value as efficiently and
• 49:28
  effectively as Bitcoin. I think people have been been
• 49:32
  forced to invest in real estate, have been forced to invest in
• 49:36
  the SNP because of broken money. I think that's radically going
• 49:41
  to change with the global adoption of Bitcoin that I think
• 49:45
  we're going to see rapidly occur in the next 10 years.
• 49:48
  I think these next four years are going to be incredibly
• 49:52
  exciting. I think they're going to be some
• 49:53
  of the most exciting years in Bitcoin's history as Bitcoin
• 49:58
  grows up right as, as it gets out of its teenage years.
• 50:02
  And we've come such a long way. And I truly believe that the
• 50:05
  best is yet to come. However, preface all that with
• 50:09
  saying like, I, I think there's going to be some type of
• 50:13
  regulatory battle that's going to occur because I, I just don't
• 50:17
  think they're just going to like be like, OK guys, you know what?
• 50:20
  You were right and pat us on the back and just be like, you guys
• 50:23
  were right and we were wrong. Like we're just going to like
• 50:27
  crawl into this hole and you know what, like separation of
• 50:30
  money and say we're OK with it. No, I I think everybody that
• 50:34
  benefits from the Fiat money printer and the the exist the
• 50:38
  pre-existing system. I think they're going to try
• 50:42
  many, many things in order to make that system continue.
• 50:47
  Anyways, I do want to give a shout out to the almost 2000 of
• 50:50
  you guys lot watching live. I mean, if you add Rumble 2000
• 50:54
  of you guys watching live between YouTube rumble and X.
• 50:57
  If you guys are enjoying the show so far, make sure to smash
• 51:01
  that like button really, really helps with the algos.
• 51:05
  Right now on YouTube, we're at 220 likes.
• 51:08
  Help us break 300 likes before the end of the show.
• 51:12
  There's 550 of you guys watching live on YouTube alone.
• 51:16
  We appreciate you all, we love you all and I asked you guys in
• 51:19
  the chat, I said, have you bought Bitcoin today?
• 51:23
  The majority, 63% of you guys, 313 people voted said no.
• 51:29
  We got to get those numbers up and.
• 51:31
  None of us have Fiat leftover. We got to get.
• 51:34
  Those numbers up, we got to smash by all right, everybody
• 51:38
  we're going to we are going to hit the culture.
• 51:42
  We have tons to talk about. So stay tuned.
• 51:45
  We will be right back. I want to give a shout out to
• 51:49
  our sponsor Hive Digital Technologies.
• 51:51
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  sustainable energy. Also got to casually drop this
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  Hive Digital Tech or check out their website,
• 52:23
  hivedigitaltech.com. Yo, guys, I want to tell you
• 52:39
  about the the one of the best Bitcoin conferences of the year,
• 52:43
  Bitblock boom. It's coming up in Dallas, TX,
• 52:49
  everybody, April 3rd through the 6th.
• 52:51
  It's going to be one of the best Bitcoin conferences of the year.
• 52:54
  You definitely don't want to miss this Bitcoin celebration.
• 53:00
  It's actually one of the 1st. It's the first Bitcoin
• 53:02
  conference I've been to and it's the first Bitcoin conference
• 53:05
  where Opti and I actually met each other in person.
• 53:09
  You can make a really good argument that if it wasn't for
• 53:11
  bit block Boom, simply Bitcoin wouldn't exist in its current
• 53:14
  form today. You definitely don't want to
• 53:16
  miss this. They're going to have an axe
• 53:17
  throwing contest, Texas BBQ, which is delicious, a workshop
• 53:23
  day, a conference day. We're going to be live streaming
• 53:26
  the event. It's going to be a great time.
• 53:29
  Of course, the entire Simply Bitcoin crew is going to be
• 53:32
  there. Nico, Opti, Dante, Rustin,
• 53:35
  Jacob. You definitely don't want to
• 53:37
  miss Bit Block Boom 2025. You want to get your tickets
• 53:42
  quickly because the prices do increase and if you use promo
• 53:45
  code BBB 21 again BBB 21, you get $100 off of your tickets all
• 53:54
  right everybody. So I do want to share this.
• 53:58
  You guys remember Jamie Dimon. He still doesn't really like
• 54:02
  this thing. And I, I actually remember
• 54:04
  seeing some news regarding his bank actually getting exposure
• 54:10
  to Bitcoin. So it's, it's quite interesting
• 54:12
  how that works, right? Don't pay attention to what they
• 54:15
  say, pay attention to what they do.
• 54:19
  So Jamie Dimon says Bitcoin has no intrinsic value.
• 54:23
  It goes on to say Jamie Dimon, and this was written January
• 54:26
  13th, 2025, 2017 called. They want their excuses back.
• 54:32
  Yeah. Wait, hold on.
• 54:33
  Before you go, Nico, and when I saw this news, it was I I wasn't
• 54:38
  sure if it was a new story because I'm sure he's he's
• 54:40
  literally said this multiple times throughout the the whole
• 54:43
  time I've been in Bitcoin. But it is new.
• 54:45
  So yeah, keep going. Yeah.
• 54:47
  So it goes on to say, and, and of course you have this amazing
• 54:49
  post by Walker America, but it goes on to say Chief JP Morgan
• 54:56
  CEO Jamie Dimon doesn't think people should buy Bitcoin.
• 55:00
  Bitcoin itself has no intrinsic value, Diamond said in an
• 55:04
  interview with CBS. So I actually have the
• 55:06
  interview. I, I can't play it.
• 55:08
  I believe they will copyright this, but I could show you guys
• 55:11
  the video and, and I could, you know, narrate what's going on.
• 55:14
  So, you know, there's like a super official kind of interview
• 55:17
  and just happened I think on Sunday.
• 55:21
  And Jamie Dimon says, quote, Bitcoin has no intrinsic value.
• 55:25
  It's used heavily by by criminals, money launderers and
• 55:30
  ransomware. Earlier today, Bitcoin briefly
• 55:33
  dropped below 90K and it's back at 99, BTW.
• 55:37
  So anyways, yeah, 2017 called. They want their excuses back.
• 55:40
  I love how people just keep asking him, you know, like,
• 55:44
  because he's like the CEO of like the one of the most
• 55:46
  powerful banks in the world. It's like, what do you think
• 55:48
  about Bitcoin, bro? What do you think about Bitcoin,
• 55:49
  bro? What do you think about?
• 55:50
  He's like, stop nothing asking me about Bitcoin.
• 55:52
  I hate this shit, but I, I believe JP Morgan has exposure
• 55:57
  if they have wealthy clients, those wealthy clients are
• 56:00
  definitely asking JP Morgan to sell them exposure to Bitcoin.
• 56:04
  So, you know, Jamie Dimon might feel this way, but that just
• 56:08
  creates an opportunity for another bank just to be like,
• 56:12
  hey, you don't want this, you know, we'll we'll jump on it
• 56:15
  like, that's no problem. So yeah, I mean, I find it
• 56:19
  absolutely hilarious. But the article goes and
• 56:21
  continues to say the use of Bitcoin and other
• 56:25
  cryptocurrencies for illegal activities like money laundering
• 56:27
  has come under scrutiny as digital assets grow in
• 56:30
  popularity. A report by Chain Analysis
• 56:32
  published last July found that bad actors are turning to
• 56:35
  cryptocurrencies to carry out crimes because they are
• 56:37
  cross-border, virtually instant and generally inexpensive.
• 56:40
  Transact goes on to say this isn't the first time Diamond has
• 56:43
  bashed Bitcoin. Diamond called the leading
• 56:46
  cryptocurrency a fraud. And yeah, to talk crap.
• 56:52
  And I also want to specify, too, like, if you look at some of the
• 56:55
  data, the vast majority of illicit finance is done within
• 56:58
  the traditional financial system.
• 57:00
  It's not done using Bitcoin. And also, there's a bit of
• 57:03
  hypocrisy. And I do want to give a shout
• 57:05
  out to Walker because he kind of put this montage together and he
• 57:09
  says JP Morgan banked Jeffrey Epstein and Bernie Madoff and
• 57:14
  facilitated their crimes. But yes, Jamie Dimon, please
• 57:17
  tell me more about how Bitcoin is used by criminals and money
• 57:21
  launderers. And he just puts together a
• 57:23
  montage of all these headlines of JP Morgan hit with $200
• 57:28
  million in fine for letting employees use WhatsApp to evade
• 57:32
  regulators. JP Morgan and Deutsche Bank
• 57:35
  named in money laundering report.
• 57:37
  JP Morgan settles for $2.6 billion fine.
• 57:41
  JP Morgan's chase settles. I can't say that name on
• 57:44
  YouTube. JP Morgan Securities admits to
• 57:48
  manipulative trading in U.S. Treasury.
• 57:50
  So you guys get what I'm what I'm trying to tell you and it's
• 57:53
  just a huge montage of all these headlines.
• 57:56
  So but the difference I'll say, you know, with the banks and
• 58:00
  with our industry is that when the banks do it, they get a
• 58:04
  fine. When our industry does it, we go
• 58:08
  to jail. Like you know, they went after
• 58:11
  like I get it. We have a lot of Bitcoiner
• 58:13
  Bitcoin Maxis watching the show and I love you guys and I
• 58:16
  appreciate you guys and it like, you know, I know you guys aren't
• 58:20
  big fans of CZ and I know you guys aren't big fans of Arthur
• 58:23
  Hayes, obviously, but you know, like because they have crypto
• 58:29
  casinos and you guys know we're simply Bitcoin.
• 58:31
  We only advocate for Bitcoin. If you want to buy an altcoin,
• 58:35
  that's your call. I don't recommend it, but you
• 58:39
  got to do what you got to do, I guess.
• 58:42
  But like when our industry does it, CZ or Arthur Hayes, like we
• 58:50
  literally go to jail. Like they literally go out of
• 58:53
  their way to arrest us. Roger Ver, which I know is
• 58:56
  another unpopular figure in the Bitcoin community.
• 58:58
  He was just arrested for tax evasion even though he gave up
• 59:02
  his citizenship like 10 years ago.
• 59:04
  If he gets proven guilty, he's going to go to jail for the rest
• 59:06
  of his life. Like it's bonkers.
• 59:09
  Like bonkers. Can't say that it is effing
• 59:14
  crazy bro. So like, you know, it's, it's
• 59:19
  just, it's just insane that, that you know, the double
• 59:23
  standards. Like there was a there was some
• 59:26
  news like the largest fine in history was, you know, TD Bank
• 59:34
  was penalized and essentially they got caught like laundering
• 59:38
  for the Mexican drug cartel. And again, when CZ got accused
• 59:43
  of the same crimes and when Arthur Hayes got accused of the
• 59:46
  same crimes, they face jail time.
• 59:48
  The bankers didn't. And I have a theory for that.
• 59:53
  It's because the bankers are in bed with the government.
• 59:55
  Bro, like it I, I've said this yesterday on yesterday's show.
• 59:58
  It's like one of my favorite lines.
• 1:00:00
  Like when you have a bank account, it's a two of three
• 1:00:02
  multi sig. The state has a key.
• 1:00:05
  The bank has a key and you have one key.
• 1:00:07
  Like that's a terrible setup. That's a terrible setup.
• 1:00:11
  So This is why self custody is so incredibly important.
• 1:00:15
  And I believe like that's why they're so aggressive towards
• 1:00:17
  figures of our industry, however big.
• 1:00:20
  However, we just won an election, bro.
• 1:00:22
  Bitcoiners just won an election and we played you guys.
• 1:00:27
  The video of David Bailey, CEO of Bitcoin Magazine, talking
• 1:00:31
  about at Michael Saylor's 100K party, talking about how the
• 1:00:35
  president owns AF ton of Bitcoin and he's going into, do you
• 1:00:41
  think he's going to like fight his bags?
• 1:00:45
  Hell no, he's not going to fight his bags.
• 1:00:48
  So yeah, I'm going to say this again.
• 1:00:51
  I've been saying this for a couple of months now.
• 1:00:54
  Elections have consequences and Fiat elections still have
• 1:00:58
  tremendous amount of influence over society, over the price.
• 1:01:03
  And you might not care about elections and politics, but it
• 1:01:06
  sure does care about you. So this was a big win, big
• 1:01:10
  effing win for the industry and the community.
• 1:01:13
  And at least it buys us four years of peace, you know, two
• 1:01:17
  years of of total control of the executive and legislative branch
• 1:01:22
  and judicial branch, if we want to be honest.
• 1:01:24
  And you know, the midterms are coming around in 2026.
• 1:01:29
  I mean, Opti, like we're going to have to cover the midterms,
• 1:01:32
  bro. We're going to have to the same
• 1:01:33
  thing. We're going to.
• 1:01:35
  Have to cover the midterms and we're going to tell you guys
• 1:01:38
  like diligently, we're going to put a lot of effort into
• 1:01:42
  highlighting and probably bringing a lot of these
• 1:01:45
  candidates on the show. You know who is pro Bitcoin?
• 1:01:48
  I don't care if they're Republican or Democrat and who's
• 1:01:51
  anti Bitcoin because again, like you guys are an army, you guys
• 1:01:54
  are watching this, you guys could take action.
• 1:01:57
  We know the majority of our audiences in the United States
• 1:01:59
  and Canada and all that stuff. So we're going to cover this
• 1:02:02
  stuff because you have the ability to, you know, influence
• 1:02:07
  this stuff. But massive win, big news.
• 1:02:10
  And Jamie Dimon could go go # sand because it's not going to
• 1:02:13
  be a good, It's not going to go a good, be a good, be a good
• 1:02:16
  four years for him in terms of number going up.
• 1:02:20
  Opti, yeah. Well, first of all, just
• 1:02:23
  starting with, you know, historically Jamie Dimon has
• 1:02:28
  been super bearish on Bitcoin publicly, at least publicly.
• 1:02:31
  He said all kinds of things about Bitcoin.
• 1:02:34
  You know, it's for money launderers, criminals, it's a
• 1:02:36
  Ponzi, it's fraud. Last year at Davos, he said
• 1:02:40
  basically, like, quit asking me about Bitcoin.
• 1:02:42
  I'm never going to talk about it again.
• 1:02:44
  And here we are not even one month into the new year, and
• 1:02:48
  he's already talking about Bitcoin.
• 1:02:50
  So you can tell that he's probably very annoyed with this
• 1:02:54
  conversation and it could be, you know, a couple of different
• 1:02:57
  factors. Publicly, he has to continue to
• 1:03:00
  keep dunking on Bitcoin. And let's not forget that JP
• 1:03:03
  Morgan just dropped the report. Well, it was, you know, top
• 1:03:06
  analyst at JP Morgan dropped a report about being bullish on
• 1:03:10
  Bitcoin. And yet Jamie Dimon still here
• 1:03:13
  is, you know, calling it a Ponzi and a fraud and for criminals
• 1:03:16
  etcetera. When in reality, as Walker
• 1:03:19
  America was showing, I don't know, it seems a little bit of
• 1:03:22
  projection here. Now I do want to bring up a few
• 1:03:25
  different things. One of the things is we did hear
• 1:03:29
  a couple of weeks ago that Jamie Dimon was an advisor to Trump
• 1:03:34
  and you guys might maybe thinking what what does that
• 1:03:36
  have to do with anything? Well, obviously behind the
• 1:03:39
  scenes, I think he's probably taking a more pro Bitcoin stance
• 1:03:43
  considering that he sees the writing on the wall.
• 1:03:46
  Trump and the Republican administration seems to be
• 1:03:50
  definitely pro Bitcoin. Maybe you could argue that he's,
• 1:03:53
  you know, being cautious on on Bitcoin and crypto and telling
• 1:03:56
  Trump not to adopt Bitcoin. But with all the news we're
• 1:03:59
  seeing, it looks like either that fell on death years or
• 1:04:03
  maybe secretly he might be a little more pro Bitcoin than he
• 1:04:06
  leads on in his public persona. Obviously I've been saying the
• 1:04:10
  billionaire Fudd playbook has been playing out very solidly
• 1:04:14
  where they publicly hate on Bitcoin, try to suppress the
• 1:04:17
  price and stack their Bitcoin. And I I'm always reminded of a
• 1:04:21
  point that our boy Nolan always says now he's doing NPC news.
• 1:04:25
  It used to be the breakup, but he said, I forget when it was.
• 1:04:29
  I think he was working at Goldman Sachs and JP Morgan was
• 1:04:32
  in the same building or something.
• 1:04:33
  I forget exactly what it was. But when he was working on Wall
• 1:04:35
  Street, he came in contact with some of the people that are very
• 1:04:40
  close to Jamie Dimon and his advisors and, you know,
• 1:04:44
  assistants were asking very good questions in regards to Bitcoin.
• 1:04:48
  So I don't believe that he is naive about Bitcoin.
• 1:04:52
  I think he fundamentally understands it, but he can't
• 1:04:55
  actually go out there and embrace Bitcoin.
• 1:04:58
  Also, JP Morgan has been talking about doing some form of stable
• 1:05:00
  coins and stuff. So and, and also they're,
• 1:05:04
  they're, I forget what the official name is, but they're
• 1:05:06
  the authorized participant to the BlackRock ETF, Bitcoin ETF.
• 1:05:11
  So again, it's not what they say, it's what they do.
• 1:05:14
  And publicly he comes out, hates on Bitcoin and and then the back
• 1:05:18
  end, he's all up in the Bitcoin space.
• 1:05:21
  So I would argue that he actually holds some Bitcoin or
• 1:05:25
  rather maybe a subsidiary of his.
• 1:05:27
  You think so? Without a doubt.
• 1:05:28
  I without a doubt think he holds Bitcoin.
• 1:05:31
  I think fully without a doubt, Like, look, I'm not one of these
• 1:05:35
  people that thinks that all the politicians and bankers in the
• 1:05:38
  world are dumb people. I think it's like what we always
• 1:05:41
  say. Their incentives are aligned
• 1:05:43
  with essentially evil. And so they have to come out
• 1:05:45
  here and lie to us. But privately, they understand
• 1:05:48
  what the game is. And I think he's even hedging
• 1:05:50
  himself. As we're seeing in the world,
• 1:05:53
  the traditional financial system is on a, you know, in a rocky
• 1:05:57
  place right now. It, it almost looks like they've
• 1:05:59
  lost control of the economy. And obviously they, they keep
• 1:06:02
  trying to raise interest rates, they're trying not to print more
• 1:06:06
  money. They know that they're stuck in
• 1:06:08
  a hard in a rock place. And so I would say that some of
• 1:06:11
  the wealthy people in the world actually hold Bitcoin privately.
• 1:06:15
  They are also hedging their own bets.
• 1:06:17
  If they know what we know, and I would argue they have better
• 1:06:20
  data than we do, they probably hold some significant portion of
• 1:06:24
  Bitcoin. I, I don't think they're as dumb
• 1:06:26
  and naive as people like to say they are.
• 1:06:29
  I think these people in the positions they are, are
• 1:06:31
  obviously very Machiavellian and very smart.
• 1:06:34
  You don't get to these positions by being an idiot.
• 1:06:37
  They understand the game. And I would argue that he does
• 1:06:40
  hold some Bitcoin. Now, the last thing I want to
• 1:06:42
  say, because as a, you know, as a amateur Austrian economist
• 1:06:47
  here, you hear this so much all the time and it's this idea of
• 1:06:52
  no intrinsic value, as they were saying in the chat.
• 1:06:56
  Doesn't Jamie Dimon know that there's no such thing as
• 1:06:58
  intrinsic value? All value is subjective.
• 1:07:01
  I absolutely. It's like chalk nails on a
• 1:07:04
  chalkboard when people say well oh Bitcoin has no intrinsic
• 1:07:07
  value, or even when they say oh Bitcoin's intrinsic value.
• 1:07:09
  It's like guys, all value is subjective.
• 1:07:12
  There is literally no such thing as intrinsic value.
• 1:07:14
  You can argue gold, you know all the gold bugs out there.
• 1:07:17
  Like gold has intrinsic value because it's a yellow shiny rock
• 1:07:20
  and you know the utility use cases of gold.
• 1:07:23
  It's like bro, nothing has intrinsic value.
• 1:07:27
  It's all subjective. This is some simple Austrian
• 1:07:30
  economics. All value is subjective, hence
• 1:07:33
  why so many people can't understand why people value
• 1:07:37
  Bitcoin. It's like, oh, it's not backed
• 1:07:39
  by anything. It's digital, You can't hold it.
• 1:07:41
  And it's like, yeah, that's not why we value Bitcoin.
• 1:07:44
  We value Bitcoin because you can't debase it.
• 1:07:47
  It's the perfect door of value. You can't create more of it.
• 1:07:50
  I can send it across the world in less than 10 minutes.
• 1:07:53
  You know, I get well instantly and it's settled in 10 minutes.
• 1:07:58
  Like there's a lot of things to value subjectively in Bitcoin
• 1:08:03
  that we just don't value in Fiat money.
• 1:08:05
  And even in gold, like I love gold, it's, it's pretty, it's
• 1:08:07
  shiny. Fiat is, you know, by decree,
• 1:08:10
  they tell us it has value. So I use it to live.
• 1:08:13
  But what I value personally is Bitcoin.
• 1:08:16
  So this intrinsic value meme, like, I really hope that it it's
• 1:08:20
  put to rest soon, Nico, because it's it's such a bad meme.
• 1:08:24
  But I guess what can we say, You know, how how could we argue
• 1:08:28
  against Keynesian economists over here?
• 1:08:30
  Everything that they say is right and that, yeah, it's got
• 1:08:32
  intrinsic value. Oh, man.
• 1:08:35
  Well. Yeah, dude, I love, I love when
• 1:08:37
  the bankers are just like basically like Bitcoin isn't
• 1:08:39
  money and like, you know, like, like, I'm sorry bro, reality
• 1:08:43
  check. You don't get to determine what
• 1:08:45
  money is and what money isn't. Don't get to determine what the
• 1:08:49
  what has value and what doesn't. And it and it just like their,
• 1:08:53
  their, their like tyrannical, like they're showing you how
• 1:09:00
  they actually feel like they're, they're showing you the power
• 1:09:05
  that they believe they have, right?
• 1:09:07
  Like central bankers, like they, they don't get to define what is
• 1:09:12
  money, like the market defines what is money.
• 1:09:15
  But they believe that they are the ultimate, ultimate arbiters
• 1:09:19
  of truth. And that's very dangerous
• 1:09:22
  because you might think you know the truth, but the truth is the
• 1:09:25
  truth. You can't bend reality to make
• 1:09:28
  truth like the truth is what it is, Right?
• 1:09:31
  So anyways, yeah, today was a great show.
• 1:09:35
  January 15th, 2024. I mean, yeah, 2025.
• 1:09:39
  Oh, I apologize. January 15th, 2020.
• 1:09:42
  Wait, what? Year is it?
• 1:09:43
  Is it 2017 again? Nico, what's what's going on?
• 1:09:46
  Oh. Man, Can you imagine going back?
• 1:09:49
  We've come so far. All right guys, if you guys
• 1:09:52
  enjoyed today's show, make sure to smash that like button.
• 1:09:55
  We're almost at 300 likes. We're at 278.
• 1:09:58
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• 1:10:01
  2000 of you guys watching live between all platforms.
• 1:10:04
  And of course, shout out to our Rumble audience.
• 1:10:07
  I absolutely love rumble. Bullish on Rumble.
• 1:10:10
  Anyways, love you guys appreciate you guys.
• 1:10:13
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• 1:10:15
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• 1:10:19
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• 1:10:26
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