Latest / Simply Bitcoin / BITCOIN PRICE CRASH: Are They SUPPRESSING Bitcoin To Buy More?! | EP 1352

Transcript

BITCOIN PRICE CRASH: Are They SUPPRESSING Bitcoin To Buy More?! | EP 1352 · Simply Bitcoin

• 0:00
  Yeah, trillions of dollars were wiped off the markets during
• 0:03
  Friday's flash crash, but many people are beginning to question
• 0:08
  who is responsible for it. An anonymous trader made nearly
• 0:12
  $1 billion with a perfectly timed short that was executed
• 0:17
  one minute before Donald Trump slapped 100% tariffs on China.
• 0:22
  But he's back adding hundreds of millions of dollars of his
• 0:27
  shorts this morning. So what's happening?
• 0:30
  Was this just one manipulated price movement from a trader who
• 0:34
  maybe had more information on what was happening than most?
• 0:38
  Or was this a tightly controlled plan by insiders to liquidate,
• 0:42
  leverage traders and buy more Bitcoin before it takes off in
• 0:46
  Q4? At the end of the day, we all
• 0:49
  have to remember Wall Street is here.
• 0:52
  Ladies and gentlemen, welcome to Simply Bitcoin Live, the most
• 0:55
  watched Bitcoin only daily live show on planet Earth live Monday
• 0:59
  through Friday on all the platforms.
• 1:01
  Let's jump straight into today's news.
• 1:05
  We have tons to cover. What shall I pull up first, Bing
• 1:08
  Bom boom, let's pull up this. So what am I talking about
• 1:12
  everybody? So first, let's talk about
• 1:14
  Friday. So on Friday, Donald Trump, like
• 1:18
  usual, you know, he did his thing.
• 1:20
  He he, you know, basically posted on Truth Social and he
• 1:24
  tanked the markets. This is the second time this
• 1:27
  year that he's done exactly the same thing.
• 1:30
  But as last time, a couple days later, he kind of walked it back
• 1:35
  and then the markets rebounded. So this is twice in a year he's
• 1:39
  done exactly the same thing. So what did he say on Friday
• 1:42
  before we literally saw the biggest liquidation event in
• 1:46
  Bitcoin's history? I've never seen a red candle as
• 1:50
  big as the one that I saw on Friday.
• 1:52
  Me and Opti were looking at it both together.
• 1:55
  We are. We are seriously questioning our
• 1:57
  decisions. It was pretty bad.
• 1:59
  So Donald Trump said it has just been learned that China has been
• 2:03
  taking an extraordinary aggressive position on trade and
• 2:07
  sending an extremely hostile letter to the world stating that
• 2:11
  they were going to, effective November 1st, impose large scale
• 2:15
  export controls on virtually every product they made and some
• 2:20
  not even made by them. This effects all countries
• 2:23
  without exception and was obviously a plan devised by them
• 2:27
  years ago. It is absolutely unheard of in
• 2:30
  international trade and a moral disgrace in dealing with other
• 2:33
  nations based on the fact that China has taken this
• 2:37
  unprecedented position and speaking only for the USA and
• 2:41
  not other nations who are similarly threatened.
• 2:43
  Starting November 1st, 2025, the United States of America will
• 2:48
  impose a tariff of 100% on China over and above any tariff that
• 2:53
  they are currently paying. Also, on November 1st, we will
• 2:57
  impose export controls on any and all critical software.
• 3:01
  It is impossible to believe that China could have taken in such
• 3:05
  action, but they have, and the rest is history.
• 3:08
  Thank you for your attention to this matter, Donald J Trump,
• 3:11
  President of the United States of America.
• 3:13
  Shortly after, markets completely tanked.
• 3:16
  I'm talking about the NASDAQ. I'm talking about the S&P 500.
• 3:19
  I'm talking about all the markets, including Bitcoin.
• 3:22
  Bitcoin literally fell off a Cliff.
• 3:24
  It went from like I think 2424K to 4K.
• 3:28
  Everyone was asking for 10K candles.
• 3:31
  Well, you got them. I think you got a 20K candle on
• 3:34
  Friday. It was just the opposite
• 3:36
  direction of what everyone else was asking for.
• 3:38
  I think this begs the question, is the Bitcoin bull market over?
• 3:42
  I thought this was supposed to be October.
• 3:44
  What the F happened? So anyways, there is some
• 3:46
  shenanigans that were happening behind the scenes.
• 3:49
  Here's bull theory that kind of does a breakdown explaining what
• 3:52
  exactly happened. So it says Trump just triggered
• 3:56
  the biggest crypto crash and it was all pre planned.
• 4:00
  Here's what happened two days before Trump's Truth Social
• 4:03
  post. One of Bitcoin's oldest wallets
• 4:07
  suddenly started opening large short positions on BTC and E
• 4:12
  worth billions. No catalyst, no headlines, just
• 4:16
  silent movement on chain. Then came the post.
• 4:19
  Trump warned that China would face massive tariffs, hinting at
• 4:23
  a trade escalation. Markets reacted instantly.
• 4:27
  A small dip, some volatility, but nothing major yet.
• 4:31
  But then the real hit came hours later from the White House
• 4:35
  podium. Trump officially announced 100%
• 4:38
  tariffs on all Chinese exports imports starting November 1st.
• 4:43
  A shock. No one priced in.
• 4:46
  Within minutes, chaos followed. SNP fell over 2%, its sharpest
• 4:51
  single day drop since April. We're going to go back to April
• 4:54
  in just a little bit. Bitcoin plunged to $102,000,
• 5:00
  erasing weeks of gains. All coins entered freefall, most
• 5:04
  dropping 70 to 90% within minutes.
• 5:08
  Over 20 to 22 billion in positions liquidated.
• 5:12
  Real exposure likely 40 billion to 50 billion plus nearly $1
• 5:18
  trillion in crypto market cap wiped out in less than 3 hours.
• 5:23
  This is never happened before when me and Opti were looking at
• 5:27
  these red candles. Wow.
• 5:29
  Anyways, 30 minutes before Trump's official announcement,
• 5:33
  that same whale doubled their short position when the market
• 5:37
  crashed. The positions were closed for an
• 5:40
  estimated $200 million in profit.
• 5:44
  The timing was way too perfect to ignore.
• 5:47
  Was it a coincidence or did someone know what was coming?
• 5:51
  Because minutes after that it wasn't just traders getting hit,
• 5:54
  it looked like a major entity got completely blown off.
• 5:58
  The crash across large cap alts wasn't normal volatility.
• 6:03
  It felt structural, as if a fund or desk was forced to unwind
• 6:07
  positions all at once. Every exchange saw cascading
• 6:12
  liquidations. You saw Binance go under, you
• 6:15
  saw Coinbase go under, you saw Kraken go under.
• 6:18
  When I saying go under, I don't mean the exchange was going
• 6:21
  under, I mean the exchanges froze because of the amount of
• 6:24
  people that were simultaneously trying to log on to them.
• 6:28
  So there was so many people freaking out anyways, even USDE
• 6:33
  depegged 35 to 40%. This wasn't a retail dump, it
• 6:38
  was a full leverage cleanse. But here's the big picture.
• 6:42
  Every bull market has a moment like this.
• 6:45
  A violent sudden purge that resets leverage and clears
• 6:49
  weaker hands. March 2020 had it mid 2023 had
• 6:54
  it. November October 2025 just got
• 6:57
  its own and history. He says that these purges don't
• 7:01
  end bull runs. They restart them because now
• 7:04
  leverage is wiped out. Shorts are overextended.
• 7:07
  Strong hands are quietly buying from panic sellers.
• 7:10
  Trump's tariff threat may have triggered the drop, but what
• 7:14
  follows is the next story. So before I continue, guys.
• 7:18
  And it seems like there's some interesting things that was
• 7:21
  coming out of that in terms of people positioned.
• 7:26
  And I'm going to get into what certain people were positioned.
• 7:29
  But before I get into it, we've been here in Trump's presidency
• 7:33
  before. Back in April, Trump also
• 7:37
  triggered something very similar when he told traders, hey,
• 7:41
  listen, he didn't tell traders. He told other countries.
• 7:45
  He said, listen, we're going to slap tariffs.
• 7:47
  I believe it was on Europe. The same action followed.
• 7:51
  You had this huge market sell off.
• 7:53
  It wasn't nice, it wasn't pretty.
• 7:55
  And then on Sunday of that same week, Trump backed it up and he
• 7:59
  said, hey, guys, he went on Truth Social and he said, quote,
• 8:03
  this is a great time to buy Donald J Trump.
• 8:07
  It seems like he did the exact same thing this time as well.
• 8:12
  Two days later, he goes on Truth Social and he says, don't worry
• 8:16
  about China, it will be fine. Highly respected.
• 8:19
  President Xi just had a bad moment.
• 8:22
  He doesn't want depression for his country and neither do I.
• 8:25
  The USA wants to help China not heard it President Donald J
• 8:30
  Trump. And of course, after this, the
• 8:33
  market recovered. The market recovered with a
• 8:35
  vengeance too. It just it just kind of just
• 8:37
  bounced back up. But again, so we have the art of
• 8:41
  the deal, the president of the United States, the amount of
• 8:44
  influence he has just posting these tweets, just posting these
• 8:48
  posts and then walking them back two days later.
• 8:51
  I mean, it's absolutely crazy. And then you hear the rumors of
• 8:55
  the insiders, right. So we'll let's get to the first
• 8:58
  one. Of course you have the legends,
• 9:00
  the the myth in the making. He's only 19 years old.
• 9:04
  And of course, I'm talking about President Sonny's son and I'm
• 9:09
  talking about Baron Trump. Oh, let me disable the ad
• 9:13
  blocker because it seems like it's giving me a little bit of
• 9:16
  issues. Bear with me here.
• 9:18
  Let's try that one more time. There we go.
• 9:21
  Barron Trump's net worth hits 150 million.
• 9:25
  Trump's 19 year old son now richer than mother Melania
• 9:29
  Barron Trump, Donald Trump's youngest son, is once again
• 9:32
  making headlines. And this time it's not for
• 9:34
  politics or controversy, but for reportedly amassing a fortune of
• 9:38
  100 and $150 million. U.S.
• 9:42
  President has often credited Barron for introducing him to
• 9:45
  the world of cryptocurrency, which has fueled which has
• 9:49
  fueled his rapidly growing wealth.
• 9:51
  It was Barron who reportedly explained to the president what
• 9:54
  a wallet is. Co founded World Liberty
• 9:57
  Financial, a crypto venture launch with his father and older
• 10:01
  brothers just weeks before the 2024 presidential election.
• 10:05
  And once Trump defeated Kamala Harris, the company skyrocket.
• 10:10
  Forbes estimated that the venture has boosted the family
• 10:13
  Trump fortune by more than $1.5 billion, with Baron's share
• 10:19
  alone worth around $100 million. And this leads me to the next
• 10:23
  point. Opti, if you can make me full
• 10:25
  screen, please. This, this leads me to my next
• 10:29
  point. We are entering into uncharted
• 10:33
  territory. I posted this this morning.
• 10:35
  I had a very long conversation with very intelligent people
• 10:39
  over the weekend. And here's the thing.
• 10:41
  This is the consensus that I've got in from everybody.
• 10:45
  I think the cycles have changed. I think the game has changed.
• 10:51
  I think that once these institutions got in, we might
• 10:57
  not see corrections the way that we've seen them in the past.
• 11:00
  I could be totally wrong here, but what I will say is that
• 11:04
  Bitcoin has behaved very, very differently compared to every
• 11:10
  other cycle. Bitcoin made an all time high
• 11:13
  before the halving, the year after the halving.
• 11:17
  Bitcoin has not gone on its parabolic tear that it usually
• 11:21
  does. And why is that happening?
• 11:24
  It's happening because institutional money is here.
• 11:28
  The institutions are here. Bitcoin is literally Blackrock's
• 11:33
  most profitable ETF it's ever had.
• 11:37
  It is the most popular ETF ever in world history that's ever
• 11:42
  been launched. So I think we have to all take
• 11:46
  that into consideration with all the Bitcoin treasury companies,
• 11:50
  the success of MicroStrategy, the Bitcoin ETF company, the
• 11:55
  Bitcoin treasury companies that are launching overseas like
• 11:58
  Metaplanet and Oranje in, in Brazil.
• 12:02
  It begs the question, I mean, you have Michael Saylor talking
• 12:05
  about this as well. Is, is this time actually
• 12:09
  different? Michael Saylor?
• 12:10
  Look, says, listen, the, the, the bear markets are over and
• 12:14
  we're not going to see the same type of Corrections that we once
• 12:17
  saw. I was talking to a very
• 12:19
  intelligent person in the way that he phrased it to me was
• 12:21
  like, Nico, listen, there's a lot of money on the line,
• 12:25
  including the president's money, including the president's money.
• 12:29
  You guys have to understand the president's family owns the 6th
• 12:32
  largest Bitcoin ETF company. I believe there's a very good
• 12:36
  argument for this and we'll pull up some of this Opti, if you
• 12:40
  could pull this up, please. I believe that some people knew
• 12:46
  some things about this post that was was that that went live.
• 12:52
  So here's Adam Livingston. He says the entire $2.5 trillion
• 12:56
  wipeout happened because two world leaders can't read.
• 12:59
  Trump misread export controls as export ban.
• 13:03
  She thought tariffs meant trade deal, Billions in liquidations,
• 13:07
  lives ruined. All because the global economy
• 13:10
  runs on Google Translate and caffeine withdraws.
• 13:13
  I'm looking at Opti. Bitcoin just kept producing
• 13:16
  blocks every 10 minutes. Good luck with your democracy,
• 13:20
  peasants. Anyways, it goes on to say
• 13:23
  investors are waking up to some major news in China.
• 13:26
  The entire crash on October 10th may have just been one big
• 13:29
  misunderstanding between Trump and XI.
• 13:32
  The news about China's rare earth export controls came out
• 13:36
  on October 9th at 8:30 AM, 20-6 hours before Trump posted about
• 13:41
  it. This was a non news event until
• 13:44
  President Trump posted about it one day later.
• 13:47
  Last night, China released a statement clarifying their
• 13:50
  export controls on rare earth. Middle rare earth on rare
• 13:54
  earths. In their response, China said
• 13:57
  the new controls are not a full export ban and applications that
• 14:01
  meet regulations will be approved amid the market
• 14:05
  downturn on Friday. Our views was that a that the
• 14:08
  100% tariff announced by Trump was a bargaining chip.
• 14:11
  And after China's statement last night, we believe the odds of
• 14:15
  Trump's 100% on China going into effect are extremely low.
• 14:19
  Again, I think this is a combination of geopolitics.
• 14:22
  I think this is a combination of insider trading because again,
• 14:26
  if you knew that this post was going to come out, right?
• 14:30
  And again, there's precedent for this.
• 14:31
  This is, it's not like this has never happened before, right?
• 14:34
  Like back in April, You guys have to remember like Trump, the
• 14:39
  Sunday, two days after he crashed the markets with the
• 14:42
  same talk of the tariffs, he goes on social media and says,
• 14:45
  hey, guys, it's a great time to, it's a great time to buy.
• 14:48
  And then the Monday, the day after that, he tells everybody,
• 14:50
  hey, the tariffs are off. So maybe China tried something
• 14:56
  and of course the United States reacts to it, but that doesn't
• 14:59
  mean that a lot of people that had that prior knowledge before
• 15:04
  that post was sent didn't make a tremendous amount of profit.
• 15:08
  And I mean, there is examples of that.
• 15:10
  Take a look at this post from Marty Party, the insider who
• 15:14
  opened trades 30 minutes before Trump trade tariff announcement
• 15:18
  Closed the trades for 104,000,000 + 88 million equals
• 15:23
  $192,000,000 in profits. The hyper liquid accounts were
• 15:28
  open today. So again like that is extremely.
• 15:32
  That is either very, very good timing or someone new something.
• 15:39
  Here's a post by Arkham Trump Insider Whale is now short 340
• 15:45
  million bit BTC. The Hyperunit bear whale who
• 15:49
  shorted $700 million of Bitcoin and $350 million of ETH right
• 15:54
  before Friday's market crash just departed, just deposited 40
• 15:59
  million USDC to HL and shorted another 127 million BTC.
• 16:06
  He is now short 300 million BTC and an unrealized PNL of 5
• 16:12
  million. So I mean, it begs the question,
• 16:15
  right. You have the, the president's
• 16:17
  son, you know, worth $150 million at the young age of 19
• 16:22
  years old. And think about that type of
• 16:27
  information like, you know, that's going to crash the
• 16:29
  markets. So, I mean, is it too much of A
• 16:32
  stretch to say, Opti, if you can zoom out port forward, is it too
• 16:36
  much of A stretch to say that, you know, some things didn't
• 16:41
  happen in the backgrounds while, you know, geopolitics were
• 16:45
  happening 'cause I, I, I, you know, I will say this.
• 16:49
  I think I think China did try to, you know, they did try to
• 16:53
  position themselves. They did try to pull a fast one.
• 16:57
  I think the Trump administration reacted accordingly, but I think
• 17:01
  people had some information about that post being sent out
• 17:04
  and I think they might have taken advantage of it.
• 17:06
  Now, does this matter for the majority of people who are just
• 17:10
  staying humble stacking sats? No, it doesn't affect you at
• 17:14
  all. It doesn't affect you whatsoever
• 17:16
  because you have your Bitcoin and cold storage.
• 17:18
  But for anyone who took on margin, for anyone who again
• 17:24
  took on margin had exposure to the all coins, all coins got
• 17:27
  wrecked. Bro, 7090% like that is carnage.
• 17:33
  Yeah. I mean, it sucks and it's crazy
• 17:36
  too cause two days later he did the same thing that he did in
• 17:39
  April. Oh, I was just kidding.
• 17:42
  President Xi, he made a mistake. We're all good now, right?
• 17:46
  But it's crazy, man. It's crazy to see a red candle
• 17:50
  of that magnitude. We've never seen that in
• 17:53
  Bitcoin's history. Everyone was asking for A20K
• 17:57
  candle. Everyone was asking for it.
• 17:59
  Everyone was asking for a 10K candle.
• 18:02
  Well, ladies and gentlemen, be careful what you ask for because
• 18:06
  we definitely got a 20K candle. It was just not heading in the
• 18:10
  direction that we were all anticipating.
• 18:13
  And Friday was crazy. Dude, that was that was nuts.
• 18:16
  That was a hockey stick down. Hockey stick down.
• 18:18
  Anyways, I want to welcome my legendary who's always
• 18:21
  optimistic. Opti, how you doing today bro?
• 18:24
  I mean, first day recording from the Simply Bitcoin Live studio.
• 18:28
  We've been working on this for months and finally been able to
• 18:33
  launch it today. We're really, really excited
• 18:35
  about it. Opti, what are your takes on
• 18:37
  this madness that was happening over the weekend?
• 18:40
  Yeah, well, I think, I think First off, I, I do want to kind
• 18:45
  of chat about how we were here watching the news.
• 18:50
  We covered it on yesterday or on Friday's show.
• 18:52
  Sorry, we covered it on Friday's show and we're like, OK, this is
• 18:57
  going to be chill, whatever. You know, it's kind of a tariff
• 19:00
  war, whatever. This is probably why we dumped.
• 19:03
  And then we were sitting here trying to get this ready for you
• 19:05
  guys, get the show, the the studio all ready for you guys.
• 19:09
  And while we were waiting, we were, we were doing this for
• 19:11
  like 5 hours. We were watching in real time
• 19:15
  the price drop on us and me, Nico, Sophie, like our hearts
• 19:20
  were, well, I was actually kind of having a good time.
• 19:22
  Nico and Sophie are sitting there like, Oh my God, is it
• 19:24
  over? Like, is it over?
• 19:27
  And I'm kind of like laughing. And, and the, the, the Zemo team
• 19:30
  that helped us get this going, they're all like kind of new
• 19:34
  bitcoiners. And they were like laughing,
• 19:35
  like, is this a good time to buy them?
• 19:37
  We're like, yeah, I mean, maybe wait a little bit and then buy
• 19:40
  some because we're this is an incredible dip.
• 19:43
  And me and Niko are talking about it.
• 19:45
  And he's like, dude, like, I don't think you realize how big
• 19:47
  of a dip this actually is. I'm like, it's just another day
• 19:50
  in the park. Like, what are we talking about?
• 19:51
  Just another day in Bitcoin. And then you look at kind of the
• 19:54
  aftermath obviously from our perspective from someone that
• 19:58
  just holds Bitcoin, takes it in the cold storage, yeah, we got a
• 20:02
  10% dip. It was kind of, you know, it was
• 20:04
  interesting to watch the red candles.
• 20:06
  But from a not in Bitcoin perspective and also in the
• 20:11
  broader markets perspective, it was a brutal, brutal correction.
• 20:16
  And obviously most of the shit coins got absolutely wrecked.
• 20:20
  And I think one point to talk about there is just showing you
• 20:24
  that if there is some kind of. Of emergency, if there is a
• 20:28
  catastrophe in the markets, there's only one coin that you
• 20:31
  want to buy and of course that is Bitcoin.
• 20:33
  And as you see from all the shit coins and all of their kind of
• 20:36
  Corrections, 8090 percent, 70% people got liquidated for like
• 20:40
  $60 million. It just goes to show that
• 20:43
  there's nothing but hot air in most of these shit coins.
• 20:46
  And I think we just saw one of these events where a lot of
• 20:50
  Bitcoin maxies were minted. Either people are going to leave
• 20:53
  the market or they're going to realize, hey, there's literally
• 20:56
  only one coin. There is no second best, and
• 20:58
  that is Bitcoin. And so maybe this is a kind of
• 21:01
  good thing overall, more people are going to realize, hey, you
• 21:05
  want to just hold Bitcoin and it really makes you think that we
• 21:08
  are entering a new time. I don't know if you guys watch
• 21:10
  the Bitcoin dominance chart, but Bitcoin is basically the
• 21:14
  dominance on Bitcoin versus other cryptos went parabolic as
• 21:17
  well. And so you're starting to see
• 21:19
  that this is an interesting time going on right now.
• 21:23
  And I even, I had to kind of give give Niko some therapy
• 21:26
  Saturday nights. Like dude, is it over like?
• 21:29
  Bro Bull run over. Like, if it's over, we have to
• 21:33
  really reevaluate what we're doing here on simply Bitcoin.
• 21:36
  We're going to have to buckle down for the next two years.
• 21:39
  And I was literally telling him, like, bro, just wait for the rug
• 21:42
  pool of the rug pool. Like Trump is doing the same
• 21:44
  thing where he's going to come out and be like, guys, actually,
• 21:48
  this is not what I'm doing. And literally right on time
• 21:51
  Sunday night, we get the, oh, actually, I think she had a bad
• 21:55
  day. I, I, I don't think this is what
• 21:57
  he wanted to do. And then you kind of look into
• 22:00
  what actually happened and you're like, wait, they had a
• 22:03
  miscommunication and then just tank like the markets and you're
• 22:05
  like, dude, what world are we living in?
• 22:08
  But going back to kind of the Bitcoin price and what I think
• 22:12
  is kind of happening, there is rumors that BlackRock bought
• 22:16
  like 45,000 coins. I haven't been able to
• 22:19
  substantiate those claims. I think they're doing a + 1
• 22:23
  delay on when they report these ETF.
• 22:25
  So tomorrow if we get an incredible ETF inflow, it is
• 22:30
  going to give us a lot more information of what is actually
• 22:32
  going on. And I know a lot of people are
• 22:34
  kind of thinking like, is the bull run over or is this kind of
• 22:38
  like a controlled demolition? This is just to flush out the
• 22:41
  leverage. And I'm kind of leaning towards
• 22:44
  that angle. I think this is a kind of clear
• 22:48
  all the leverage before the price starts ripping again.
• 22:51
  And if we do find out that Larry Fink or rather BlackRock bought
• 22:55
  45,000 coins, it really goes into what I've been saying and
• 22:59
  what we're all kind of feeling is since the ETFs got or sorry,
• 23:02
  since the institution's got into the space through the ETFs, the
• 23:06
  market structure is changing. And what does that fundamentally
• 23:09
  mean for us? It means we're probably not
• 23:11
  going to see 7080% drawdowns, but we're also probably not
• 23:16
  going to see parabolic runs anymore.
• 23:18
  We're not going to see the 10X in, you know, one year anymore.
• 23:22
  And that's a little bittersweet. And to what Nico was saying a
• 23:25
  minute ago, I also believe now that the institutions are here,
• 23:29
  there is a lot more money on the line.
• 23:31
  And you got to remember, traditionally or historically in
• 23:35
  Bitcoin, the price moves because of degen traders.
• 23:38
  Well, now the game has changed. There are sophisticated
• 23:41
  investors in this market. They don't want to see this go
• 23:44
  down. Like Larry Fink, if he is the
• 23:47
  employee of the month for October, if he does save
• 23:50
  October, that really goes into my thesis.
• 23:53
  I've been saying it's like, dude, you think Uncle Larry's
• 23:55
  going to let this thing crash right now?
• 23:56
  He just put his basically career business on the line by
• 24:00
  BlackRock embracing Bitcoin and then telling everyone on Wall
• 24:03
  Street. Yeah, we want to buy some of
• 24:04
  this stuff. So I think things are changing
• 24:07
  and obviously everyone's asking right now is like, Opti, is
• 24:10
  October over? I thought, I thought you said
• 24:12
  October was going to be great. Well, the month's not over,
• 24:16
  guys. The month is still not over.
• 24:18
  And I saw an interesting, oops, sorry, wrong one.
• 24:20
  I saw an interesting stat and it was since the institutions got
• 24:26
  in and Niko, I don't know if you saw this, but since the
• 24:28
  institutions in the ETF launch the beginning of every month of
• 24:33
  around like the 1st 10 days of every month, you see a price
• 24:36
  crash. And everyone thinks that's
• 24:38
  because these institutions are kind of rolling over their
• 24:40
  holdings and stuff. And so it kind of hit like right
• 24:43
  on clockwork that within the 1st 10 days of the month it dipped.
• 24:47
  And then if it plays out again like it used to, I I think it
• 24:52
  still means October's going up. I I think the.
• 24:54
  Question, I think the question on everybody's minds is I think
• 24:58
  the question on everybody's minds, Optique, you do the wide.
• 25:01
  I think the question on everybody's on everybody's minds
• 25:03
  is, is this cycle different? Because I actually tweeted this
• 25:09
  out this morning and like a lot of notable people, liked it.
• 25:13
  What I've gotten from this cycle is that no one has any idea
• 25:17
  what's going on. Facts.
• 25:19
  I consume a lot of content. As a content creator, you have
• 25:23
  to consume a lot of content and I consume a lot of content.
• 25:26
  And the most, again, some of the most, well, a lot of them are my
• 25:30
  friends. And basically no one has any
• 25:34
  idea, effing idea what the hell is happening.
• 25:37
  No one has any idea what's going on.
• 25:39
  No one has any idea what's happening.
• 25:41
  And I think that could be explained.
• 25:45
  Like Occam, Occam's razor. I don't know.
• 25:46
  I don't know how to pronounce it.
• 25:48
  Occam's Razor. I think it is right.
• 25:50
  Occam's Razor. So I think it's very simple.
• 25:52
  I think now you have institutional smart money that's
• 25:56
  buying Bitcoin. If you take a look at the Google
• 25:58
  trends, you it retail is not back yet.
• 26:02
  Retail is nowhere to be seen. So who's buying this Bitcoin?
• 26:07
  It's institutions. And I actually recorded a
• 26:10
  podcast with British Huddle and British Caudal comes from the
• 26:14
  legacy system. Like he comes from the legacy
• 26:17
  world. He doesn't come from the buy
• 26:20
  Bitcoin, buy Bitcoin on spot and then put that into self custody
• 26:23
  type of world where where most of us come from, especially if
• 26:26
  you got in in the earlier years and he actually predicted the
• 26:30
  crash. He said this crash was going to
• 26:32
  happen. And he's like, you don't
• 26:33
  understand how Wall Street works.
• 26:34
  And actually Jack Mahler said this as well.
• 26:37
  They're here to exhaust you. They're here to turn you down,
• 26:42
  to basically give you so much uncertainty, to bore you to
• 26:46
  death, to get you away from your bags.
• 26:49
  These are professional traders. These are people that make a
• 26:54
  living literally extracting value from the people that are
• 26:58
  not patient. And that's who we're up against
• 27:01
  these days. We're not up against, you know,
• 27:03
  the average mom and pop shop who's buying bitcoins, buying
• 27:06
  spot Bitcoin and put it in self custody.
• 27:08
  No, you're up against Wall Street and Wall Street is
• 27:12
  playing Wall Street games. And I think on Friday what you
• 27:16
  saw was Wall Street games. In fact, I don't know if you can
• 27:19
  pull that. That tweet up by Max Keiser, he
• 27:21
  was perfect, perfectly explaining this.
• 27:23
  You are seeing Wall Street in action ever since the Bitcoin
• 27:28
  ETF approval in January, January of 2024.
• 27:32
  You are seeing Wall Street do what Wall Street does best,
• 27:37
  right? That's why you had the, the, the
• 27:39
  all time high before the halving.
• 27:41
  That's why the year after the halving has been very strange.
• 27:45
  It's been very strange. We had a dip in the middle of
• 27:48
  the year. Now we're in October and it's up
• 27:53
  like, what, 1%, right? It's up 1%.
• 27:56
  We when we hit all time highs, we barely touch them.
• 28:01
  And then we go back down like, yeah, I think you're dealing
• 28:04
  with institutional money. And I think their goal is to
• 28:07
  separate you away from your Bitcoin by exhausting the hell
• 28:12
  out of you. That was one of British Huddle's
• 28:15
  things that really stuck with me, he said.
• 28:17
  Listen, what they do is that they exhaust you.
• 28:20
  They exhaust the hell out of you and that's what you have to
• 28:23
  understand. So, yeah, man, I mean, it's,
• 28:26
  it's a very interesting, it's a very interesting situation that
• 28:30
  we find ourselves in. But again, this doesn't affect
• 28:34
  you. If you stay humble, you stack
• 28:35
  sats, you put this Bitcoin into self custody and then you're
• 28:39
  going to be fine. It's not none of this is going
• 28:41
  to affect you, right? But again, I think people are,
• 28:44
  are are getting used to it. The game has changed everyone.
• 28:47
  This is what I want you to understand.
• 28:48
  And now the jury is out. Are we going to see a regular
• 28:53
  cycle where Bitcoin peaks and we get a blow off top and thank you
• 28:59
  for sharing that we get a blow off top in in Q4 of 2025 and
• 29:06
  then we get a correction in 2026?
• 29:08
  Or are we headed into uncharted territory where essentially we
• 29:15
  have an extended bull market? And I'm not the only one
• 29:18
  thinking about this. You have Arthur Hayes, you have
• 29:23
  Tom Lee are both making the case that listen, Arthur Hayes's base
• 29:28
  case is basically that this bull market doesn't end until the
• 29:32
  Trump administration ends. So until 2028, he says, listen,
• 29:36
  this is going to keep going, right?
• 29:38
  And that would catch everyone by surprise because the men, the
• 29:41
  main consensus right now, like what people have to understand
• 29:44
  the main consensus right now is that we're in a cycle like every
• 29:47
  other cycle. And I agree.
• 29:48
  I think that's true until it's not.
• 29:51
  But what I will say about cycles and Opti, and I have been
• 29:54
  talking about this Opti, if you can pull up on top of the Max
• 29:57
  Keiser Qui the not the Qui the tweet, the Wall Street CHEAT
• 30:02
  SHEET. Like we have not experienced
• 30:06
  belief or euphoria or hope. I think we started experiencing
• 30:12
  one of them, but we haven't experienced euphoria yet.
• 30:16
  So I, I, I just don't see Bitcoin peaking because again,
• 30:21
  for it to, for Bitcoin to peak and then correct massively, it
• 30:25
  kind of needs to enter this like crazy mania phase and it just
• 30:30
  hasn't done that. Right.
• 30:32
  Thanks, Opti for pulling up the chart.
• 30:33
  If you could zoom in. So like, if you were to look at
• 30:37
  this right and we just had this massive crash, I would say we're
• 30:41
  back at the disbelief phase, bro.
• 30:43
  We're at disbelief. We went from, we went, we went
• 30:46
  from. Did we get panic and denial in
• 30:48
  one day? No, we went.
• 30:49
  From this is a suckers rally. Like we were kind of like that
• 30:52
  to hope and then we're back at disbelief.
• 30:55
  But I mean, like we were starting to feel optimism a
• 30:58
  little bit, but then the the all time high didn't blow past, you
• 31:04
  know, the the 26 K, we were thinking it was going to go to
• 31:07
  30 K. It didn't do that.
• 31:10
  So where are we? Where are we right now?
• 31:12
  Are we a disbelief? Are we a hope?
• 31:14
  Let us please let. Us know down in the chat.
• 31:16
  What you guys think? Anyways, today's show is doing
• 31:19
  great. If you guys are enjoying today's
• 31:20
  show, we have already 568 live viewers on YouTube, about 100
• 31:26
  live viewers on Rumble trying to stream on Primal.
• 31:29
  I don't think it worked today. Apologies.
• 31:32
  Still trying to figure that out and shout out to the X audience
• 31:35
  as well. So if you guys are enjoying
• 31:37
  Simply Bitcoin live from the new Simply Bitcoin studio, make
• 31:40
  sure. To.
• 31:43
  Smash that like button Opti, I want to get your take before we
• 31:45
  move on to the next. Step on the Wall Street CHEAT
• 31:48
  SHEET. Yeah.
• 31:49
  No. No, no, the Max.
• 31:50
  Let's talk about the Max. Okay, yeah, no, I'm glad you
• 31:53
  brought that up 'cause that's what I wanted to hit on.
• 31:55
  I think this is exactly what's going on.
• 31:57
  I'm 100% convinced that what we're seeing now is literally
• 32:02
  the institutions want your Bitcoin.
• 32:03
  I've been saying this for a while on the show kind of
• 32:05
  flippantly and jokingly and just kind of trolling.
• 32:08
  But I think from what we saw on Friday, it, it's becoming very
• 32:12
  obvious the institutions want your Bitcoin.
• 32:13
  And I actually made the case to Nico the other day when I was
• 32:15
  trying to, you know, walk him off a ledge, metaphorically, of
• 32:18
  course, of what's going on. I'm like, dude, one institutions
• 32:22
  are here. We've seen the ETFs
• 32:24
  fundamentally change the price structure of Bitcoin.
• 32:26
  It's like a the stepwise function.
• 32:28
  And then this new meme of we're gonna get bored to death to
• 32:31
  $1,000,000. I, I'm honestly starting to lean
• 32:34
  like very hard into it. Obviously, this this year is the
• 32:38
  make or break it for the cycle. We'll see what actually happens
• 32:41
  end of year, of course, end of October, we'll know exactly
• 32:44
  what's kind of, well, we'll have a better idea of what's going
• 32:46
  on. And my, you know, 42 IQ take of
• 32:49
  this was very simple. It's like, OK, the institutions
• 32:53
  are finally here. What they started 13 years late,
• 32:57
  now they're kind of getting in 1415 year or wait, was it 14
• 33:01
  years late? Now, you know, 1516 years
• 33:04
  they're like looking at this, they finally have the red tape
• 33:08
  released from them and they're able to get into this market.
• 33:11
  What do you think you would do if you were in that position?
• 33:14
  1, you want to get into this market and two, you are starting
• 33:18
  to feel that FOMO and you think you're late to this market,
• 33:22
  you're going to shake everyone out of the market so that you
• 33:24
  can get a position. And that's where I kept saying
• 33:27
  over the weekend, I'm like, guys, right now is not the time
• 33:31
  to be going leverage on things to, you know, try to gamble on
• 33:35
  some shit coins. The safest bet to be in right
• 33:39
  now in this 4th turning point that we are in is just spot
• 33:43
  Bitcoin in cold storage because as we're seeing the game kind of
• 33:47
  develop and more people are coming into the space with
• 33:50
  traditional trading background there.
• 33:53
  You know, again, guys, it's Wall Street.
• 33:54
  This is like the, you know, you could, you could say the, the
• 33:58
  capitalism center of the world, or you could say it more of like
• 34:01
  the greed center of the world. And they want your Bitcoin.
• 34:05
  So this is also what I think's going on.
• 34:07
  I think they want your Bitcoin, they're trying to shake you out
• 34:09
  of your position. So the safest bet is to just be
• 34:13
  in Bitcoin cold storage because I think the games are only going
• 34:16
  to increase. And what's a Max Payne scenario,
• 34:20
  Nico? What what what is another Max
• 34:21
  Payne scenario right now? Is everyone getting liquidated
• 34:24
  before the bull run? I think sounds like it to.
• 34:27
  Me. I think, I think, I think.
• 34:29
  Bitcoin, did you pull up the Kaiser, the Kaiser thing?
• 34:32
  I I think I think I. Put it up a minute ago, but I'll
• 34:35
  pull it up again. Yeah.
• 34:36
  So I think, I think. Wall Street is playing Wall
• 34:39
  Street. Games.
• 34:39
  Yeah, I think that's what's happening right now.
• 34:41
  And which one's mine Opsy higher the the thing louder.
• 34:46
  Yeah. So I think Wall Street is
• 34:49
  playing Wall Street games. And I think, you know, this is
• 34:53
  what's happening right now. I think like, this is what's
• 34:56
  happening. They're trying to shake you out
• 34:57
  of your Bitcoin. I mean, Max Keiser, who's been
• 35:02
  around, who's been around the block, so to speak, he actually
• 35:04
  worked at Wall Street called Bitcoin, I think at like $0.10.
• 35:08
  He's saying Wall Street stealing Bitcoin from noobs, rinse and
• 35:12
  repeat. Could you pull up the tweet that
• 35:13
  he quote tweeted and he says this is unreal. 30 minutes
• 35:18
  before President Trump's tariff announcement.
• 35:21
  I can't see that update. Can't read that.
• 35:23
  Can you zoom in? Thank you. 30 minutes before
• 35:28
  Trump's tariff announcement yesterday, a whale took a multi
• 35:31
  $1,000,000 short in Bitcoin. One hour later, crypto saw its
• 35:34
  largest liquidation and the position was liquidated for
• 35:36
  $192,000,000 in profit. Yeah, as Max Keiser saying what
• 35:39
  we're saying, like this is Wall Street playing Wall Street
• 35:42
  games. And you know, this is this is
• 35:45
  what? Wall Street trying to steal your
• 35:47
  Bitcoin? If you are in cold storage, you
• 35:49
  are unscathed. You just rode the roller
• 35:51
  coaster. This doesn't affect you.
• 35:52
  This doesn't affect you anyways. All right, everybody.
• 35:55
  Before we move on to the next segment, I do want to give a
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  All right, everybody, it's going to be a fantastic show.
• 37:01
  Strap in. We have tons of content left for
• 37:04
  you guys and this is the first show from the Simply Bitcoin
• 37:08
  Live studio here in Miami Beach. Florida, all right.
• 37:11
  Everybody, let's start the show. We're going to be right back in
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  All right, everybody, we are live.
• 38:35
  I don't know why the the screen's not showing.
• 38:36
  There we go. At the time of recording the
• 38:39
  Bitcoin price. Thank you so much.
• 38:41
  At the time the Bitcoin price is 114,005.
• 38:45
  Are you OK? What happened there 114?
• 38:51
  She's fine. She's fine guys, 100 and.
• 38:54
  $14,560 block height 918,895 sats per dollar 873 sats per
• 39:02
  dollar Market cap 2.28 trillion Bitcoin versus gold market cap
• 39:06
  7.84% decline from all time high that's.
• 39:10
  Exactly what we were going for, so I take that as a compliment.
• 39:14
  Decline from all time high -9.2%.
• 39:17
  Realized monetary inflation .84% again.
• 39:21
  Continuing to take Fiat currency to absolute school.
• 39:25
  Anyways, I do want to read you. This this post by by Fernando
• 39:30
  Fernando. Used to bringing that up.
• 39:32
  OK, Fernando. Used to be the VPI, believe the
• 39:36
  VP. Of marketing at Block Stream and
• 39:41
  he's a friend and he's really good at what he does and I love
• 39:44
  this post. This post was hot fire so I'm
• 39:48
  going to read it for you guys as much as I can.
• 39:51
  And he says he starts off the post with a three letter agency.
• 39:55
  Overthrew. Governments and you found out
• 39:57
  decades later and now they can't even hide a laptop Bay of.
• 40:02
  PIGS was secret for years but Afghanistan withdraw was live
• 40:05
  stream. Vietnam casualties got managed
• 40:08
  but Ukraine casualties get posted hourly.
• 40:12
  The 1960s governments hid everything.
• 40:14
  Today's governments can't hide everything.
• 40:16
  The information asymmetry that created elite power has
• 40:20
  inverted. WikiLeaks, YouTube X gave
• 40:23
  everyone surveillance capability over everyone else.
• 40:27
  The power used to watch the powerless, now it's mutual.
• 40:31
  The powerful look worse because they they have more to hide.
• 40:35
  But here's the risk. Having the exposure without
• 40:37
  alternative will increase nihilism.
• 40:41
  We will become, if we are are if we aren't already, world class
• 40:46
  at destroying institutions but no clue how to build them now.
• 40:50
  The responses from the elites we've seen to to this shift is
• 40:54
  predictable and pathetic. I completely agree.
• 40:57
  They're getting more defensive, more contemptuous, more
• 41:00
  desperate to control narratives that have already escaped.
• 41:03
  Every attempt to to reassert authority just generates more
• 41:08
  mockery. They're used to managing
• 41:10
  perception, not reality. Now reality is unmanageable and
• 41:14
  perception is worse. I remember the feeling from when
• 41:18
  I was working at Universal Music during the late nights.
• 41:22
  I think that says when torrenting changed the industry.
• 41:26
  First the execs ignored Napster, then they sued teenagers, then
• 41:30
  they begged Apple for help when iTunes launched.
• 41:33
  The pattern is always denial, anger, bargaining, depression,
• 41:36
  acceptance. Except institutions never a
• 41:39
  reach acceptance, they just go away.
• 41:42
  Angry people may think exposure means we won, but we're tearing
• 41:47
  down load bearing walls with no blueprint for what comes next.
• 41:52
  The French Revolution had the same energy.
• 41:54
  They knew what they disliked, but not what they wanted.
• 41:58
  That ended. Great.
• 42:00
  And again, that's with. A little bit of sarcasm there.
• 42:04
  Bitcoin is the only constructive response to this dynamic.
• 42:08
  Instead of just exposing the Federal Reserve's failures,
• 42:11
  we've built an alternative. If you took, if you take a look
• 42:14
  at the current left right war, these movements are just mobs
• 42:19
  with smartphones instead of pitchforks.
• 42:22
  So, so on point there. The elites deserve contempt.
• 42:26
  That's his opinion, not my opinion.
• 42:28
  I'm just reading a a post. The public deserves better than
• 42:31
  contempt. But deserves and building are
• 42:34
  different things. The information revolution gave
• 42:36
  us X-ray vision into power structures, and what we're
• 42:39
  discovering is they're all hollow.
• 42:41
  True, but the point isn't whether they they'll collapse,
• 42:46
  it's whether we're building in the ruins.
• 42:48
  Chaos is just the gap between destroying and creating.
• 42:51
  We're living in that gap and it's getting wider.
• 42:55
  So a couple things to unpack here.
• 42:56
  I really, really like this post and you should definitely
• 42:59
  follow. Fernando definitely knows what
• 43:01
  he's talking about. What I will say wideshot, what I
• 43:04
  what I will say is this is the disintermediation of information
• 43:11
  which we've been talking about for many, many months now.
• 43:13
  It's one of the themes that we've been talking about, how
• 43:17
  the IT actually was, was talked about in the book The Sovereign
• 43:20
  Individual, how information technologies were going to
• 43:23
  disintermediate information. So all of a sudden people get to
• 43:27
  pick and choose where they consume information from, what
• 43:30
  information they choose to consume.
• 43:32
  And that completely changes the balance of power because before
• 43:36
  the Internet, there used to be a handful of legacy media
• 43:39
  institutions and they got to decide what information is
• 43:43
  kosher and what information they don't want you to see.
• 43:46
  After the Internet, anyone with a smartphone now becomes a
• 43:49
  citizen journalist. And if that post is worthy of
• 43:53
  information, it will go viral on on its own.
• 43:56
  That's why they tried so hard to literally censor as many things
• 44:01
  as possible. And even in the United States
• 44:03
  with the First Amendment protections.
• 44:05
  You heard of the so-called remember that?
• 44:08
  I forget the name of the agency. The the the that Lady that had
• 44:11
  the weird eyes. It was we were calling it the
• 44:14
  Ministry of Truth like misinformation Office or.
• 44:18
  Something like that that. Lady, the weird eyes is mean
• 44:21
  that Lady with the really intense eyes.
• 44:24
  So, you know, again, they tried to to really stop this.
• 44:29
  And now what we're about to embark on, and this is what I
• 44:32
  want all of you guys to get ready, is we just lived through
• 44:35
  the disintermediation of state and information.
• 44:38
  That's what we lived through the last 10 years.
• 44:40
  That's what the election of Donald Trump was.
• 44:42
  That's what the election of Naimbu Kelly was all about.
• 44:45
  That's what these elections were all about.
• 44:47
  How did these people get elected?
• 44:48
  How did Trump get elected? How did Naimbu Kelly get
• 44:50
  elected? How did Javier Malay get
• 44:52
  elected? They all got elected because
• 44:54
  they started going on podcast, they started going on new media.
• 44:59
  They didn't allow legacy media to get to define them.
• 45:02
  So they circumvented the gatekeepers of information and
• 45:06
  they were able to get information directly to you.
• 45:09
  Now with Bitcoin, the same thing applies.
• 45:13
  It's the same thing. It's peer-to-peer money, right?
• 45:17
  So a lot of power comes from the fact that there's these, there's
• 45:21
  these middle men that control money, There's these custodians,
• 45:26
  right? So every time you want to send
• 45:27
  money, it's one custodian to another custodian.
• 45:31
  Bitcoin kind of flips that on its head and now it's
• 45:34
  peer-to-peer, especially if you're taking self custody,
• 45:37
  especially if you're running your own node.
• 45:39
  If I send a Bitcoin Transat action to Opti, it's from me to
• 45:42
  Opti. There is no custodian involved,
• 45:45
  right? And that's why in Europe they're
• 45:47
  having such a hard time with that, that the fact that that
• 45:51
  exists, they want to get rid of it.
• 45:53
  They don't want people taking self custody.
• 45:55
  They're trying to demonize self custody.
• 45:58
  That's why you hear terms that were completely invented out of
• 46:02
  thin air called unhosted wallet. That's a that's a term that was
• 46:07
  created to villainize the very idea of taking self custody
• 46:12
  because it makes it seem like an unhosted wallet is abnormal.
• 46:16
  Right there there is the term unhosted wallet doesn't exist in
• 46:20
  the white paper. That was a term that was created
• 46:23
  to try to bring up fear, to try to bring up doubt, to try to
• 46:29
  disinform people that perhaps might not be into Bitcoin about
• 46:33
  the realities of Bitcoin and make it seem like somehow taking
• 46:37
  self custody is dangerous. Because that's the narrative
• 46:40
  right now. It's like self custody is
• 46:42
  dangerous. If you use Christine, Christine
• 46:44
  Lagarde's own words, escape valve.
• 46:47
  I mean, like, what do you mean it's an escape from what?
• 46:50
  Like why would people want to escape?
• 46:52
  Listen, if you have to build walls to keep people in, it's
• 46:55
  probably not a good system. What you have, right?
• 46:58
  If you have to use coercion to keep people within your system,
• 47:00
  it's probably not a good system. So this is what's happening
• 47:03
  right now. It's a pivotal moment in in
• 47:05
  human history. Now you have again, peer-to-peer
• 47:08
  communication like we're doing right now for you guys.
• 47:10
  And you have peer-to-peer Bitcoin and the political system
• 47:14
  is going to change like human organization and human society
• 47:18
  will change because of that. You already hear them talking
• 47:21
  about it on legacy media. They're talking about the nation
• 47:24
  state and and the network state, which is.
• 47:27
  A. A.
• 47:27
  A. A.
• 47:28
  Term coined by Balaji, right? They're even talking about it,
• 47:31
  right? So yeah, it's a it's an
• 47:33
  interesting future ahead of us. I think it's a better future.
• 47:36
  I think it's a future. I think humanity's heading into
• 47:38
  an era of peace and prosperity the likes of which has never
• 47:42
  been seen before. But again, people that benefit
• 47:44
  from this legacy system are going to be very aggressive
• 47:48
  towards the new system. And those are the central
• 47:50
  bankers and those are some governments, right?
• 47:53
  So anyways, that's my take here. I could be told totally wrong,
• 47:55
  that's just my opinion. Opti, I want to get your take on
• 47:58
  this bro, because that's a very, very powerful post by our friend
• 48:03
  over Fernando. Yeah, no, Fernando's been
• 48:06
  actually killing it recently. He's, I highly suggest you guys
• 48:10
  follow him. We actually had him on the show
• 48:11
  about like a month ago or maybe a few weeks ago and he was
• 48:14
  talking about exactly this on the show.
• 48:17
  It's just, guys, where we are getting our information from
• 48:20
  right now has fundamentally changed how the world is
• 48:23
  functioning. And you're seeing the reaction
• 48:25
  from the legacy institutions right now and they're freaking
• 48:28
  out about it because let's be honest, anyone under like 35 or
• 48:32
  even maybe under 40 is not watching cable television or
• 48:37
  reading the newspaper to get their information.
• 48:40
  And so Nico's been calling it. What?
• 48:42
  What have you been saying? It's the disinformation of
• 48:45
  information disintermediation, disintermediation of
• 48:48
  information. This is exactly what we're
• 48:50
  living through right now, and you're starting to see a lot of
• 48:54
  kind of the blowback for it. There is this schism right now
• 48:58
  in society. The I, I don't know, look, I'm,
• 49:01
  I'm not that old and I, I really realistically haven't been that
• 49:06
  conscious for a long time, maybe just in the last few years.
• 49:10
  But it seems like the divide right now between society is
• 49:14
  larger than it's ever been. You're either on the left camp
• 49:17
  or the right camp. It doesn't really seem like
• 49:19
  there's anybody in the middle. And I would argue Bitcoin as we
• 49:21
  try to be in the middle because we, or maybe we're just
• 49:25
  completely off the paradigm because it's not really left to
• 49:28
  right paradigm here. It's, you know, Fiat money
• 49:31
  versus Bitcoin. It's free money versus
• 49:33
  controlled money. But added on top of that, since
• 49:36
  Bitcoin is information, it's literally, you know, free speech
• 49:39
  issue. It it's it's just once in zeros.
• 49:41
  Basically, you are seeing that with the free flow of
• 49:45
  information, it is starting to change how we interact in the
• 49:49
  world. And I really love the part of
• 49:52
  Fernando's tweet where he's like the French Revolution.
• 49:55
  They knew what they didn't want, but they didn't know what they
• 49:58
  wanted. And it was an absolute disaster.
• 50:01
  Exactly, and I think that is kind of the eye opening moment
• 50:05
  right now is if you talk to people, you know everyday in
• 50:08
  armies, even though amongst bitcoiners, like we know what we
• 50:11
  don't want, but how many people are actually building something
• 50:15
  better? And I mean we're you could argue
• 50:17
  that we're not doing that much. We're we're trying to build a
• 50:20
  media company, which is we're we're at least trying to build
• 50:23
  something. But I, I do see that a lot of
• 50:26
  the rhetoric when I hang out with friends, it's, it's not so
• 50:29
  much about solutions, it's just, I don't like this, let's tear
• 50:33
  this down. And we've seen how this plays
• 50:35
  out throughout history. Yeah, absolutely.
• 50:37
  I mean, it's true. I mean, it's kind of goes back
• 50:39
  to Svetsky's book, right? The Bushido of Bitcoin.
• 50:43
  He's talking about like look like there's going to be a
• 50:45
  tremendous amount of power that, you know, there's going to be a
• 50:49
  a a lot of responsibility better than power.
• 50:51
  There's going to be a lot of responsibility that that there's
• 50:56
  gonna be a lot of responsibility that that bitcoiners are gonna
• 50:59
  have. And what are we gonna do with
• 51:01
  that responsibility? Because it's like, OK, you, you,
• 51:04
  you tear down the system, right? You build an alternative system
• 51:07
  and then what? Right.
• 51:08
  And then what? Because I think.
• 51:10
  Do we just become exactly the the?
• 51:12
  People, we're supposed to disintermediate exactly right,
• 51:15
  So. Anyways, guys, it's gonna be a
• 51:16
  fantastic show. But before we get into that, I
• 51:18
  do want to give a a very special shout out.
• 51:21
  You guys ask for it, Opti's gonna model it for you while I
• 51:24
  pull it up. But we did drop if I can even
• 51:28
  find the the link where is this link?
• 51:30
  Oh, here it is. OK, Opti's going to model this
• 51:37
  for you. We just dropped it's a wrong
• 51:40
  camera Opti. So we just.
• 51:44
  Dropped our new merch. It's live on.
• 51:47
  It's live on the simply Bitcoin. Can they?
• 51:49
  See this? Hold on.
• 51:51
  It's live on the simply Bitcoin on the simply Bitcoin website
• 51:56
  right now I'm going to drop a link in the live chat so you
• 52:00
  guys could check it out. This is all all we do not drop
• 52:05
  ship, ladies and gentlemen, so all of this is bought before
• 52:09
  it's. Extremely high quality.
• 52:11
  This is like heavyweight I think a little over actually I got, I
• 52:14
  got a size up so. This is This is.
• 52:16
  Extremely high quality ladies and gentlemen.
• 52:19
  Even the tags are all custom. We do not drop ship.
• 52:23
  We hire. We we work.
• 52:24
  Work with a very reputable merch manufacturer.
• 52:29
  He's actually a bitcoiner. I don't I don't want to dox him,
• 52:32
  but you guys know who he is and he makes fantastic quality,
• 52:37
  quality stuff. So if you guys want to support
• 52:41
  the show, you guys always talk about this, head over to
• 52:45
  simplybitcoin.com and go to the merch section and check out the
• 52:50
  new drop. And it's it's really, really
• 52:53
  awesome guys. Very, very pay attention to the
• 52:56
  detail. High quality.
• 52:58
  It's extremely comfortable. I wish I still had some shirts
• 53:02
  left because I wish I kept more of the hoodies because again,
• 53:06
  very, very comfortable stuff. Anyways, guys, it's going to be
• 53:08
  a fantastic show. We still have a lot to cover.
• 53:11
  We're going to be right back in just a bit.
• 53:13
  And what are we gonna cover today?
• 53:15
  Actually, let me give you guys a little bit of a teaser.
• 53:17
  Michael Saylor buys more Bitcoin.
• 53:21
  Also, we're gonna be talking about this cycle, something that
• 53:24
  I was teeing up earlier on in the week.
• 53:26
  Maybe I'm gonna ask. Opti to pull up a little bit of
• 53:28
  the charts, but dude. No one wants to see my chart
• 53:31
  blowing after after Friday's catastrophic Black Swan, but.
• 53:36
  We're gonna be right back in just a bit.
• 53:38
  We'll be right back. I want to give a shout out to
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  our partner Let In, the leader in Bitcoin Back Loans unlock the
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  square and cash app all right everybody, let's jump into
• 57:12
  today's. News.
• 57:13
  We have tons to talk about and let's get let's get into it.
• 57:17
  So Michael Saylor smash bot more Bitcoin.
• 57:21
  That's not surprising at all whatsoever.
• 57:24
  Not surprising, but I'm going to read it anyways.
• 57:27
  Strategy has acquired 220 BTC for $27.2 million at $123,000
• 57:36
  per coin and achieved the BTC yield of 25.9% year to date.
• 57:42
  2025 As of October 12th, 2025, MicroStrategy or Strategy holds
• 57:48
  640,250 Bitcoin acquired for $47.38 billion at $74,000.
• 57:58
  Per coin moving on to the next piece and I might ask Opti to
• 58:04
  pull up some charts. So what am I talking about?
• 58:08
  Oh, I like that. We should use that view from now
• 58:10
  on. That's cool.
• 58:11
  That's I like that. So what am I talking about
• 58:13
  ladies and gentlemen? So no one has any effing idea
• 58:20
  what is happening to the Bitcoin price this cycle.
• 58:23
  No one has any idea. I have checked so many I I just
• 58:28
  consumed content I I this is how I got into YouTube I.
• 58:31
  Literally Niko watches. Niko watches chart boy content.
• 58:34
  I watch everything I watch. I watch like, like I literally
• 58:38
  watch, but like what is the downfall of the Roman Empire?
• 58:41
  Like I literally I just consume YouTube content.
• 58:43
  I love great content and that includes creators, right?
• 58:48
  That includes creators in our space that create that that
• 58:51
  includes creators just in the general crypto space.
• 58:54
  And you just see them and I I watch them because I generally
• 58:57
  find a lot of their content entertaining.
• 59:01
  Like I consume a lot of YouTube and what I've noticed this cycle
• 59:05
  and if you add this with X, no one has any effing clue what is
• 59:10
  happening this cycle. No one has no one has a clue, no
• 59:14
  one has any idea. No one no one has got this
• 59:17
  right. Plan B catastrophe.
• 59:22
  The power law guys, as much as I love them.
• 59:25
  Just wrong. Like no one has any idea, No one
• 59:30
  has has any idea where Bitcoin at.
• 59:31
  Like you could even you could say the power guy guy laws are
• 59:35
  still, you know, on par, right? But like, like on the right
• 59:39
  trajectory. But like, 'cause it's such a
• 59:41
  wide thing. But again, like no one has any
• 59:45
  idea. So when no one has any idea
• 59:48
  about what the Bitcoin price is doing, it tells me that the game
• 59:52
  has changed. And this is actually something
• 59:55
  that Mauricio, the Co founder of Ledin said when he came on the
• 59:59
  show, he said this is different. Now what you're going to see is
• 1:00:02
  this slow kind of staircase up in Bitcoin's price.
• 1:00:08
  It's not going to be the same as it once was in the past, right?
• 1:00:13
  And the reason for that is the institutions, the moment
• 1:00:18
  MicroStrategy got involved, the moment BlackRock got involved.
• 1:00:23
  The game has changed. I love this back and forth
• 1:00:27
  between Joe Carlisari and it's just like a great example of oh,
• 1:00:32
  I can't find Larry's post. I'm going to have to go to his
• 1:00:35
  Twitter and find it. But Joe Carlisari says live show
• 1:00:39
  with Scott Melcher right now again very well known creator
• 1:00:42
  Leopard bearish Mike Mcglone, Bloomberg Intelligence bearish
• 1:00:47
  Dave Weisberger neutral but sounds cautious again like.
• 1:00:54
  A week ago, everyone was bullish, right?
• 1:00:57
  Like what's changed, right? So like just like I, I just
• 1:01:01
  don't think anyone knows. Like I just don't think anyone
• 1:01:03
  knows what's going on. That's my humble opinion.
• 1:01:08
  Let me see if I can find the response.
• 1:01:11
  Yeah, here I I love Larry Leopard.
• 1:01:16
  Larry Leopard is an absolute legend having one of these days
• 1:01:20
  and Larry, hey, go have yourself.
• 1:01:23
  I love Larry. But anyways, again and I love
• 1:01:28
  his book, the big print and I will say is just no one knows.
• 1:01:34
  No one knows. And and again, I I don't even
• 1:01:36
  think Larry's bearish. I think Larry's extremely
• 1:01:39
  bullish if anything. So like again, I just don't
• 1:01:43
  think anyone knows. What the short?
• 1:01:45
  Term price action of Bitcoin is going to do that's my humble
• 1:01:48
  opinion I think the game has changed I think we might have an
• 1:01:54
  elongated cycle. I think that's that's what I
• 1:01:57
  that's what I foresee happening we might we might see an
• 1:02:01
  elongated cycle. I think the cycles might be
• 1:02:03
  broken. I could be totally wrong here,
• 1:02:05
  but like this might be different.
• 1:02:08
  This might what happens if. Nothing happens in Q4.
• 1:02:11
  I'm going to pass this on to you, Opti.
• 1:02:13
  What happens if nothing happens in Q4?
• 1:02:15
  Nothing happens, nothing exciting happens, and then all
• 1:02:18
  of a sudden 2026, we keep on pumping.
• 1:02:24
  No one's going to have any idea. Like how do you try?
• 1:02:26
  To be OK with that? No, no.
• 1:02:27
  No, that's fine. Of course we're going to be.
• 1:02:29
  Of course we're going to be OK with that.
• 1:02:30
  But no one's going to have any idea what the F is.
• 1:02:32
  Going on is my point like. Everyone's going to cope and
• 1:02:35
  say. No, I predicted this.
• 1:02:36
  No one. No one's going to have any idea
• 1:02:38
  what's going on like that. That's the point I'm trying to
• 1:02:40
  make is that like, no one has any idea what's happening right
• 1:02:43
  now. Like like every, every single
• 1:02:46
  prediction that I've seen, right?
• 1:02:48
  And the wise ones don't make predictions, right?
• 1:02:51
  Every single prediction that I've seen this year has been
• 1:02:54
  wrong. It's been wrong.
• 1:02:55
  It's been catastrophically wrong, right.
• 1:02:58
  And again, like some people are saying OK TO Malo in the chat
• 1:03:03
  says I said that months ago, the game has changed.
• 1:03:06
  I completely agree. The game has changed, I think
• 1:03:07
  ever since the institutions got here.
• 1:03:10
  The game has completely changed. I don't, I don't think it's the
• 1:03:12
  same game that we were playing. I don't think it's the same game
• 1:03:14
  that we've been playing for for these last three cycles.
• 1:03:17
  I think once the institutions got here, once they started
• 1:03:21
  buying Bitcoin. I think you're you're now up,
• 1:03:25
  you're now head to head with Wall Street and Wall Street
• 1:03:28
  wants to get as much Bitcoin as they want as they can.
• 1:03:30
  And another very smart thing. I'll I'll leave you.
• 1:03:32
  I'll leave you with this tidbit. Is another smart thing that this
• 1:03:35
  very smart person told me, which is like, as soon as Trump has
• 1:03:40
  his bags packed, he's gonna announce the strategic.
• 1:03:44
  Bitcoin reserve and, and, and he told me he says take that to the
• 1:03:47
  bank is take that to the bank. As soon as they have the
• 1:03:52
  position they want, they're going to announce the reserve,
• 1:03:55
  not before. And then if you think about it,
• 1:03:59
  that is one of the most Wall Street type things that you can
• 1:04:02
  think of, right? Like, and then another thing
• 1:04:05
  also to like, maybe this is like a silver lining and what not,
• 1:04:09
  which is like, you know, maybe you won't have the same downward
• 1:04:15
  volatility that you've had in the past.
• 1:04:18
  Again, I'm speculating here, this is not financial advice,
• 1:04:20
  it's just my opinion, but maybe you won't have that downward
• 1:04:23
  volatility that you've had in the past.
• 1:04:26
  Maybe it's different. Maybe the downward volatility is
• 1:04:29
  muted. There's a lot of people that
• 1:04:30
  have a lot to lose, right? And it you're not just you're
• 1:04:34
  just not going to see it anymore.
• 1:04:36
  But at the same time, the upward volatility is going to be a
• 1:04:39
  little bit, you know, it's not going to be as as and dopamine
• 1:04:44
  ridden as it was in the past, right?
• 1:04:46
  And I think maybe this is a, this is a conclusion I'm I'm,
• 1:04:49
  I'm getting to, you know, and it's been a very slow conclusion
• 1:04:53
  to get to. It's taken me 10 months of
• 1:04:56
  surviving the 2025 Bitcoin crab run for me to like, come to this
• 1:05:02
  conclusion of like, dude, like I think that this is just like.
• 1:05:06
  You know, like this is just how things are going to be now.
• 1:05:09
  You know, I could be totally wrong.
• 1:05:11
  Like we could be heading into a bear market.
• 1:05:13
  I just don't see it. We haven't hit euphoria.
• 1:05:17
  We haven't hit mania. Dude, retail is asleep.
• 1:05:20
  Like I want to pull up the Google trends so you guys
• 1:05:22
  understand that. Like I'm not just hallucinating.
• 1:05:26
  Like retail doesn't even know Bitcoin exists, bro.
• 1:05:30
  Like it it it. So like, if retail isn't here,
• 1:05:35
  like you know, again, like you're like, if retail is in
• 1:05:40
  here, you're not going to even have like if, if the person you
• 1:05:44
  get into like, you know, like if the person you pass by on the
• 1:05:49
  street is not telling you about Bitcoin, it's probably not like,
• 1:05:54
  you know, it's probably not a blow off top.
• 1:05:56
  Bro right so like this is the Google trends for Bitcoin.
• 1:06:00
  Like 2017 was the last time we had this crazy peak, 20/21 was
• 1:06:05
  the last time. We it's like a bear market.
• 1:06:07
  Like we're here at all time highs in 2025 and the last time
• 1:06:12
  we had like a crazy peak was in NN of 2020, December of 2024,
• 1:06:16
  November of 2024. It's been going sideways ever
• 1:06:20
  since. And we kind of see that too on
• 1:06:22
  the media side of things as well.
• 1:06:23
  Like people just don't care. Like people just they're,
• 1:06:26
  they're, they're tuned out. They just don't care about this.
• 1:06:29
  So anyways, Opti, what's, what's your take, bro?
• 1:06:32
  Do you think I'm crazy? No, dude, I've been saying this
• 1:06:35
  for a minute. Obviously, like smart people, I,
• 1:06:39
  I, I wouldn't say hold on. I wouldn't say I'm in the camp
• 1:06:43
  of being a smart person. I'm a maybe above average
• 1:06:47
  intelligence here. I know I, I, well, I hang my hat
• 1:06:50
  on not being a midwit, but I might be.
• 1:06:53
  I, I think it's above average. I'm left side of the right side
• 1:06:55
  of the bell curve. But smart people, you know,
• 1:06:58
  adjust their thinking when new information is presented to
• 1:07:01
  them. And as we're seeing right now,
• 1:07:04
  things are changing and I know a lot of us Bitcoiners are kind of
• 1:07:08
  hanging our hat on historic performances of Bitcoin or how
• 1:07:12
  it's performed in the past. But we got to remember there's
• 1:07:14
  only been what three, wait, Nico, Fact Check me, there's
• 1:07:17
  only been what 3 or is this our 4th, our 4th bull market?
• 1:07:22
  So we have only three or four data points here to really kind
• 1:07:25
  of judge what the Bitcoin price is going to be.
• 1:07:29
  And really when you connect these two things, I've been
• 1:07:31
  saying the same thing over and over and over again, but I think
• 1:07:34
  I'm proving more right every single day because we are
• 1:07:37
  getting further along in the year.
• 1:07:39
  But one, institutions are here since the ETF.
• 1:07:42
  If you just have eyes and you look at the chart of Bitcoin
• 1:07:45
  since the ETF launched, the last what, year and a half, two
• 1:07:48
  years, you can literally see it. It's just like a stairway up.
• 1:07:51
  And then you add that we don't have any retail here.
• 1:07:56
  It looks like we are in, you know, a global recession, some
• 1:08:00
  might argue a global depression. Like people are broke out there.
• 1:08:03
  They don't have money. And when you don't have money,
• 1:08:06
  two things happen. And actually, I like to get
• 1:08:09
  Niko's take on this one because we saw one of them happen on
• 1:08:12
  Friday. When people are broke, what do
• 1:08:14
  they do? They try to gamble and they go
• 1:08:17
  on leverage so that they can make more money and get out of
• 1:08:19
  their position. That's one of the things that
• 1:08:22
  people do, You know, it's all about psychology.
• 1:08:24
  The other thing is people just don't buy this thing.
• 1:08:27
  People aren't in the market right now because they don't
• 1:08:30
  have money. They're struggling.
• 1:08:32
  They're looking at the grocery prices and they can't, you know,
• 1:08:35
  pay for their food month to month.
• 1:08:37
  They're looking at their rent. It's increasing like everything
• 1:08:39
  is getting more expensive. They don't have savings.
• 1:08:42
  And if you feel broke, you don't have actual cash to go, you
• 1:08:47
  know, put it somewhere safely or, you know, buy that nice
• 1:08:50
  thing that you like. Well, the other flip side of the
• 1:08:52
  coin is you become a degen trader and then you get
• 1:08:55
  liquidated like we saw on Friday.
• 1:08:57
  So with all that compared like connected we have retail just
• 1:09:02
  isn't here. Institutions are here and you're
• 1:09:06
  looking at the Bitcoin price and it is being driven by
• 1:09:09
  institutions. Again, I've been telling you
• 1:09:11
  guys for the last couple of weeks that I think one of the
• 1:09:13
  most important metrics and I'm not the only one to say this,
• 1:09:16
  I'm definitely not the first one to say this, but one of the most
• 1:09:18
  important metrics right now is watching the ETF inflows.
• 1:09:21
  That's what the institutions are doing and they're buying
• 1:09:24
  Bitcoin. They are scooping up the dip
• 1:09:27
  while retail is getting washed out right now.
• 1:09:29
  So while retail is getting, you know, leverage law or leverage
• 1:09:34
  called on their shit coin of choice or they're doing one or
• 1:09:38
  two 3X on Bitcoin because they think it's a safe leverage bet,
• 1:09:42
  they're getting wiped out. They're clearing the leverage
• 1:09:45
  right now. So the institutions are stealing
• 1:09:46
  your Bitcoin or rather taking your Bitcoin.
• 1:09:49
  What's the, what's the other saying?
• 1:09:50
  Like a fool and his Bitcoin is parted or whatever it is a fool
• 1:09:53
  and his money is parted. I, I forget what the saying is,
• 1:09:56
  but you're starting to see these things play out in real time.
• 1:09:59
  And if you just kind of look at this Bitcoin price objectively
• 1:10:04
  or try to be as objective as possible, you do notice things
• 1:10:08
  are changing or they have changed.
• 1:10:10
  And what really it means for all of us is we have no idea what's
• 1:10:15
  going on right now. As much as we can come on here
• 1:10:18
  and we try to make, you know, educated guesses and figure out
• 1:10:20
  exactly what's going on and, and try to, you know, grasp where we
• 1:10:25
  are right now in the cycle. No one knows what's going on
• 1:10:28
  because there is a new type of investor in Bitcoin and they're
• 1:10:32
  just dipping their toes. We have to remember the Bitcoin
• 1:10:35
  market is literally a pimple on the global markets right now,
• 1:10:39
  like it is tiny and now they're coming in and in a little bit of
• 1:10:43
  force and you're seeing the shake up it's doing in the
• 1:10:45
  markets right now. I think the statistics, the last
• 1:10:48
  one I saw is like 97% of institutional managers haven't
• 1:10:53
  got into or yeah, haven't got into Bitcoin and the amount of
• 1:10:56
  capital that they put in is like 3%.
• 1:10:59
  I think I'm maybe I'm misquoting that, so don't quote me on that
• 1:11:02
  one. But essentially this, the short
• 1:11:05
  of it is even though the institutions are here, they
• 1:11:09
  haven't even really dove into Bitcoin in force and we're
• 1:11:13
  seeing what they're capable of doing in the market.
• 1:11:16
  So all of that just kind of a sorry about that guys standard.
• 1:11:24
  So I don't the Internet died on this guys.
• 1:11:27
  I don't know what happened. Interlude.
• 1:11:31
  I'll I'll cut that after the show, guys.
• 1:11:34
  Anyway. I'll cut that.
• 1:11:34
  I I don't remember where we were going.
• 1:11:36
  I was dealing with the Internet. We're going to get to the
• 1:11:37
  culture. We'll be right back in just a
• 1:11:39
  second. I want to give a shout out to
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  our partner Hive Digital Technology.
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  miners in 2025. And with elite operations that
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  consistently topped the industry in Bitcoin mine, per Exahash,
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  You can catch the latest buzz at Hive.
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  Digital. Tech or at Hive?
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  Digital. Tech.com I want to give a shout
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  All right, everybody, we are back.
• 1:13:47
  Sorry about that. Literally.
• 1:13:49
  You don't know what happened. They cut the Internet off.
• 1:13:51
  Internet cuts off first show from the studio, that is.
• 1:13:58
  It's on brand. It's kind of on brand.
• 1:14:00
  It's always like it always happens during, you know the
• 1:14:02
  things, right? So anyhow, we're back and I do
• 1:14:08
  kind of want to use this culture segment to kind of reminisce and
• 1:14:14
  just kind of go down a little bit memory lane.
• 1:14:19
  So simply Bitcoin was started five years ago and the first
• 1:14:24
  shows were. Yeah, go watch that first show.
• 1:14:28
  Yeah, so the first shows were actually pre recorded and I
• 1:14:35
  would edit them. It'd take me about two hours to
• 1:14:37
  edit them and then we would upload them the next morning.
• 1:14:40
  And we did that for like 2 years.
• 1:14:43
  Mind you at the time there was no Bitcoin only content didn't
• 1:14:46
  it did not exist. The only thing that was there
• 1:14:48
  was Max and Stacy and and Andreas Antonopoulos, which is
• 1:14:55
  absolute legend and I would watch his content over and over
• 1:14:58
  again on repeat. But Bitcoin only content didn't
• 1:15:02
  exist and it wasn't until 2020 where we started simply we
• 1:15:08
  didn't know the significance of it like we didn't.
• 1:15:12
  We didn't know that like we were starting simply at the infancy
• 1:15:17
  of Bitcoin Only Media. And five years later, Bitcoin
• 1:15:21
  Only Media has exploded. There's so many different
• 1:15:24
  content creators, different podcasts and Opti and I have
• 1:15:30
  been working on this and shout out my little sister Meg and and
• 1:15:36
  shout out my wife Sophie for contributing and shout out,
• 1:15:38
  shout out everybody, all the team from Zemo and simply that
• 1:15:42
  has, you know, contributed to the studio.
• 1:15:47
  These lights don't look as good as they do because we just.
• 1:15:52
  Yeah, it wasn't us. And we, we, it's actually really
• 1:15:56
  hard to, to make things look like this.
• 1:15:59
  So, you know, this is a, a extremely professional set up
• 1:16:03
  and we thought it was worthy because Bitcoin's the best money
• 1:16:07
  the world has ever seen. And we don't take it lightly
• 1:16:12
  that, you know, we're one of the, or the most watched Bitcoin
• 1:16:19
  daily live show on planet earth. So, you know, we, we took a lot
• 1:16:24
  of thinking and just digging deep and saying like, look like,
• 1:16:29
  should we, you know, invest in building this out?
• 1:16:32
  We've never built out of studio before, of course.
• 1:16:35
  And it's taken us about like 4-4 or five months of building and
• 1:16:40
  stealth. Yeah, I didn't just move down
• 1:16:42
  here to rub elbows with Nico. Yeah, so it's like a four or
• 1:16:46
  five month process that you've seen that's culminated into
• 1:16:49
  today. Unfortunately, I leave on on
• 1:16:53
  Wednesday, so I'm only going to be doing 2 live shows from here
• 1:16:56
  and then Sophie's going to be taking my seat.
• 1:17:00
  And yeah, this is the new Simply Bitcoin Live studio based out of
• 1:17:05
  Miami Beach, and we're going to be doing the live show from from
• 1:17:09
  here from now on. And I hope you guys enjoy it.
• 1:17:12
  We're obviously going to be tweaking it.
• 1:17:14
  We come from the launch it first and then perfect it later camp.
• 1:17:22
  So obviously we're going to perfect it.
• 1:17:24
  We're going to add more, you know, you know, fix the shots,
• 1:17:29
  you know, add more, you know, tink it trinkets and stuff and
• 1:17:32
  just just try to make it as good as we can.
• 1:17:36
  You know, Bitcoin doesn't have the like.
• 1:17:39
  You know, how do I say this? There's so many great content
• 1:17:52
  creators out there and they're so good at what they do and they
• 1:17:57
  put so much effort into what they do.
• 1:17:59
  And we felt like the community deserved more and our supporters
• 1:18:04
  deserved more and our listeners deserved more.
• 1:18:07
  So this is the culmination of, you know, five months of work.
• 1:18:13
  And I hope you guys enjoy it. I hope you guys like it.
• 1:18:18
  And we're going to try to continue to improve it and the
• 1:18:21
  transitions and the music and we're going to try to give you
• 1:18:24
  guys a, a hell of a show. So bear with us while we, you
• 1:18:29
  know, tinker with it a little bit and try to try to fix some
• 1:18:36
  things. But you know, today was the the
• 1:18:39
  point where we felt like we were, we had enough for us to
• 1:18:43
  launch it. And we've been having a hell of
• 1:18:46
  a time ever since Opti and I were were going back and forth.
• 1:18:50
  Because I'm sure you guys are asking yourselves like, why the
• 1:18:52
  hell is Opti in Miami? This is why.
• 1:18:56
  This is why he moved down here precisely because of this,
• 1:18:59
  right? We had this in minds.
• 1:19:01
  But we obviously we haven't told anybody.
• 1:19:03
  Obviously you guys now know. But yeah, we, we it wouldn't be,
• 1:19:08
  it wouldn't be possible without you guys, without our
• 1:19:11
  supporters, without our partners, without our sponsors,
• 1:19:15
  without our viewers. So we want to thank you guys.
• 1:19:19
  We appreciate it and thank you Megan, and thank you everyone
• 1:19:23
  who was involved in in building this out because it was quite a
• 1:19:27
  process and I hope you guys like it.
• 1:19:30
  Like please give us feedback. You know what you guys would
• 1:19:33
  want to see improved. What you guys don't like what
• 1:19:36
  you guys do like I, I released a poll in the chat that says you
• 1:19:40
  guys do like it, but that like 84% or something.
• 1:19:46
  And so I think that's good. But yeah, just let us know what
• 1:19:50
  you guys think. And like I said, this would not
• 1:19:54
  be possible without all your guys's love and support.
• 1:19:57
  And we could change the colors, by the way, behind us.
• 1:19:59
  So if you guys don't like those colors, let us know.
• 1:20:03
  We could change the colors. We can, we could change some
• 1:20:05
  things. So yeah, man, I mean, I'm super
• 1:20:09
  hyped. Opti.
• 1:20:11
  Some final thoughts and then we'll wrap it up.
• 1:20:13
  And then I'll give a shout out to Mining Disrupt.
• 1:20:16
  Yeah, first of all, this is this is just incredible.
• 1:20:23
  Obviously you guys saw us here shoulder to shoulder, literally
• 1:20:28
  elbow to elbow the last couple of months and it's been killing
• 1:20:32
  me, guys. I like knowing what we were
• 1:20:35
  building and what was on the back end.
• 1:20:37
  I had to deal with Nico literally after he goes to the
• 1:20:40
  gym and he's like half stinky and we're rubbing elbows and I
• 1:20:43
  kept like pushing him away. So like it didn't look so weird.
• 1:20:47
  And we just did kind of a, a pirate setup for you guys for
• 1:20:51
  the last month or so, literally taking over the whole house and
• 1:20:55
  you guys heard some of the background noise.
• 1:20:57
  So we're just super hyped to to build the studio.
• 1:21:00
  This has been a long time coming.
• 1:21:03
  We, we've been talking about this for, I don't know, Nico
• 1:21:06
  what, over 2 years or something about doing this and.
• 1:21:11
  This specifically was about. This has.
• 1:21:12
  Been it's about two years. It's been about, yeah.
• 1:21:15
  It's like we've been talking about it for two years, but like
• 1:21:18
  it's been a year of us being like, OK, that's the next move
• 1:21:23
  that we need for the simply Bitcoin live show.
• 1:21:25
  As you guys saw, we we have, we kind of hit a ceiling with what
• 1:21:28
  we were doing and we were feeling it.
• 1:21:30
  We're like, we need to do something different.
• 1:21:32
  What would be the next big move for the live show?
• 1:21:35
  And we thought, you know, doing a dope studio and not just like,
• 1:21:39
  you know, elevating it just so like, you know, we can be the
• 1:21:43
  best in Bitcoin. Like I think this studio is so
• 1:21:45
  dope that we have one of the dopest studios just in content
• 1:21:48
  creation period. Like I, we were comparing some
• 1:21:51
  of the other content creators while we were doing this and
• 1:21:55
  using them as inspiration. And you know, Megan and Luna
• 1:21:58
  from the Zemo team, like it was Luna's idea doxing them, but
• 1:22:05
  they they envisioned it. Megan made it happen.
• 1:22:08
  We got their whole team here to do it.
• 1:22:10
  And man, it's just, it's, it feels like a, a real job now.
• 1:22:14
  You know, it's no longer we're just in our basements in front
• 1:22:17
  of a green screen. We actually, we have a studio
• 1:22:22
  now. This is like a job.
• 1:22:23
  Like we, we have a new studio now.
• 1:22:24
  It's crazy. Yeah, the the and these are as
• 1:22:27
  probably you guys can see on on the stream like these are
• 1:22:30
  really, really, really legit cameras.
• 1:22:32
  So you know and. Still doesn't make you look any
• 1:22:37
  better though. I know, right?
• 1:22:39
  It can't fix it. Maybe hopefully AI fixes that.
• 1:22:42
  Anyways, before we wrap up today's show, I do, I do want to
• 1:22:46
  give a very special shout out, of course, to one of our
• 1:22:49
  sponsors, Mining disrupts. Guys, this is going to be the
• 1:22:53
  largest Bitcoin mining conference in the world.
• 1:22:56
  It's coming up November 11th through the 13th, 2025 in
• 1:23:00
  Dallas, TX. Opti's going back to Texas.
• 1:23:04
  That's right, ladies and gentlemen, scan the QR code on
• 1:23:07
  your screen or check the link in the video slash podcast
• 1:23:10
  description. Get your tickets now.
• 1:23:12
  It's coming up. The ticket prices do increase.
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  It's in less than a month, everybody.
• 1:23:17
  So we hope to see you guys in Dallas, TX November 11th through
• 1:23:21
  the 13th. Get your tickets by scanning the
• 1:23:24
  QR code or checking the link in the video slash podcast
• 1:23:27
  description. All right everybody, if you guys
• 1:23:30
  enjoyed today's show, you know what to do Smash that like
• 1:23:33
  button. Consider if you consider hitting
• 1:23:35
  that subscribe button if you feel like we provided you value.
• 1:23:38
  Thank you guys so much. We appreciate.
• 1:23:40
  You all, we love you all. We wouldn't be here without
• 1:23:43
  everybody. Thank you for making our dreams
• 1:23:45
  come true, and we'll be back tomorrow for a brand new episode
• 1:23:48
  of Simply Bitcoin Live. Today's episode was brought to
• 1:23:53
  you by bitcoinwell.com, a Bitcoin only platform on a
• 1:23:56
  mission to enable financial independence.